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H U N T ’S M E R C H A N T S ’ M A G A Z IN E , R E P R E S E N T IN G T H E IN D U S T R IA L A N D C O M M E RC IA L IN T E R E S T S OP T H E U N IT E D S T A T E S . [Entered aecordliMS to Act ot Ckmgreas, In the year 1896, by the William B. Dana Company, la the offloe of the Librarian of Congress,] VOL. 62. % SATURDAY^JANUARY 18, 1896. h e d tc o tiic lc . O U a r in w a t — Terms o f Subscription—Payable In Adrance: F or One Y e a r ..............................................................................$10 00 F or Six M onths.......................................................................... 6 00 European Subscription (including p o s t a g e )................... 12 00 European S ubscription Six M onth* (Including p osta g e). 7 00 Annual Subscription la London (laolndlng p osta g e)— £ 2 I0«. Six Mo*. do. do. do. ----- IS110*. The in vesto rs ’ 8t'P?tE*KST win be fnrnl*hed without extra charge to every annual «a b»crlber o f the Com m ercial and F inancial C h ronicle . The Btatr and C rrr S o p p le r e n t wilt also be furnished without extra charge to every subscriber o f the C h ronicle . The St r e e t R a il w a y S c pp le m k s t wlU likew ise be furnished without extra charge to every subscriber o f the C h ronicle . The Q uotation S u pplem ent , issued m onthly, will also be tarnished without extra charge to every subscriber o t the CBROSICL*. File covers are sold at 6 0 cents e a c h : postage on the same is IS cents. File cover for supplem ents can bo had at office for 65 cents or m ailed fo r 80 cents. Terms of Advertising—(P e r lneb space). New T o r t .......... Philadelphia.... PltUburg...... .. B a ltim ore........ B u ffa lo ............. W ashington...... R ochester.,. . . . . . S yracuse,?......... W ilm ington....... B o s t o n ....,.. ... .. Providence.— .. H artford.............. New H a v e n ....... Springfield....... .. Worcester............ Portland.............. Fall R iver,. . . . . Lowell.. — ....... New B ed fo rd ...... Total New Eng... O n etim e......................... ....... $3 5 0 1 Three Months (13 tim e s)..$25 00 One Mouth (4 tim es).. 11 00 1Blx M onths (26 " ) . . 43 00 T w o Months (8 " l . 18 00 I T w elve M onths (52 *• ) . . 58 00 W e e k e n d in g J a n u a r y 1 1 . 1S9<3. 1895. 0 IS ,2 1 4 ,O S 9 6 3 2 ,CD 7,491 6 2 ,8 1 5 ,3 3 0 3SSS 1 4 ,8 2 0 ,8 0 9 5 .2 0 M S * 2.617.1*09 72L7U.02J W e e k M n d in y J a m m r y J fi. C tlA B I N O * . R e tu r n * b y leie g v a p h . i* » a . H e w Y o r k ............................................ B oston 1895. # 4 3 2 ,2 5 8 ,2 1 9 P e r C ent+15*2 ............................................... 7 3 , 0 4 1, S O I 7 3 ,9 2 8 ,7 3 9 - V8 n S M a t l A i * ................................ B * m m c r « ............................................ 5 8 ,8 7 8 ,1 ( 5 3 5 8 ,7 1 1 ,3 1 3 Y 8 -9 1 3 .0 1 8 ,2 /8 1 3 ,1 0 7 ,3 9 0 - 0*7 O h ie » * o 7 8 ,t W 3 ,8 8 8 +• 1 -8 .................................. ............ 8 4 - 1 / 0 3 ) 9 ........................ .. 2 1 ,9 1 2 ,8 3 0 7 4 ,1 8 1 .9 7 :$ 3 3 ,7 8 3 ,0 3 5 N ew O r l e a n s ........... ......................... 1 0 ,1 4 0 ,5SA 9 ,9 1 0 .8 9 3 S e v e n a l l i e s . 5 d a y s ............ * 7 5 0 ,1 8 7 ,1 2 * - 37 + 2*3 . # '3 8 3 ,1 7 1 ,5 9 0 + 0*8 1 4 3 ,0 8 8 ,7 8 .1 1 3 4 ,8 4 2 ,3 7 0 + 0*8 T o ta l a ii c it ie s , 5 d a y * .... § 8 9 4 ,1 7 5 ,8 8 3 # 8 1 8 .0 1 3 .8 0 0 A l l e t t l e # . 1 d a y ............... .............. 1 7 7 ,8 7 4 ,4 0 2 1 5 0 .0 7 0 ,8 5 0 O t h e r o l t l M , S d a y s ..................... T o ta l a ll c ilia * f o r w e e k .. # 1 .0 7 1 ,5 5 0 ,3 8 0 5 9 9 8 ,6 2 0 ,8 2 5 t- 9 - 3 + 1 7 -7 + 10*0 The full details of clearings for the week covered by the above statement will he given next Saturday. cannot, of course, furnish them to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week have to be in all cases estimated, as we go to press Friday night. Our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, Janu ary It, are given below, and we also present the results for the corresponding week in 1895, 1894 and 1893. In comparison with the preceding week there is a loss in the aggregate exchanges of about forty-one and a half million dollars, but at New York alone the loss is nearly thirty-two millions, Contrasted with the week of 1895 the total for the whole country shows an increase of 10*3 per cent. Compared with the week of 1894 the current returns re cord an excess of 14*7 per cent and the loss from 1893 is 19*5 per cent. Outside of Mew York the gain over 1895 is 4*5 per cent. The excess over 1894 reaches 13*1 per cent, but making comparison with 1*93 the loss is seen *o ba 13*3 per coot. Kansas C ity.. . . . . . . Minneapolis......... Omaha...... ........... . St. P a u l............ . D e n v e r ...,. . . . . . . . St. J o s e p h ......... Sltrax C it y ...,...... Men M oiaea.. . . . . . . Lincoln. . . . . . . . . . . . Wj ch R a ,................ Topeka. . . . . . . . . . . . . F re m o n t...... H astings...... Davenport*.. Tot. other W est. Bi. L o u is.,........ New Orleans......... Louisville......... . G a lv e s t o n ,,,....., H ouston.. . . . . . . . . . . R ichm ond..., . . . . . Savannah............ . M e m p h is * ....,,,.. Atlanta— . . . . . . . . Nashville............. . D a lla s ........... . . . N o rfo lk .............. W a c o .............. . Fort W o r t h ...,,... Birmingham .......... Jackson ville..., .. . C h a tta n ooga........ Augusta. . . . . . . . ... Tuttle Hack........ . K n oxv ille*............ Total Southern.. + 30*2 8 3 + 2 8 0 ,9 8 1 +14*8 ' 8*15*9 i :K 8-5*0 fu $ n tafi‘8 4 2 6 ,7 1 0 105^7898 ' - 0 8 +3*S 1 0 5 ,0 8 0 .8 1 0 -4 * 0 +10 2 +20> +1C*8 - 6*9 +11P3 - 11*1 -5*0 +160 + 12*0 —23 0 + 24*3 —O*0 *—4*1 560.00+ Sr**,«b4& 1,3:3.5991 514,0*2 140 f 1 2 ,0 0 0 .0 0 0 7 ,9 1 1 ,9 0 6 4 .4 4 S .7 I 9 4 .* 1 1 8 3 2 ! 3 ,1 0 2 ,8 7 3 ? 1 .6 0 4 . W * 1 8 3 3 ,1 7 7 1 .2 0 * 0A0 4 0 2 ,1 9 1 3915361 4*18*6 —*1*5 +9 8 —22 0 + 18*1 +11*3 - 36 8 1 ,3 1 8 ,8 0 7 1 ,2 4 8 .4 1 0 1 ,1 7 3 ,0 4 3 0 8 7 ,8 8 1 772,101 Is l« 1 ,6 1 0 .0 4 9 1 ,5 4 0 ,3 0 0 ___ 7 7 1 ,373 25.13* 7-.2 * Not Included In totals. &J8S 1,639.523 802,233 781,654 801,98* 131,330,384 107.058.348 16.509,600 8,705,124 8,346,749 6,098.206 8,8t<9500 1,100,990 1,980,200 1,140,171 602,227 395,025 326.000 330.000 205.722 165.000 1 5 3 ,9 3 /,8 0 8 12,077,785 1,100,000 1 ,3 3 3 .8 1 7 5 5 0 ,8 2 0 Q00 S 5 16 00' 313 .4 6 ! ,2 7 92 0 1 7 ,4166 02 ,3 2 7 ,3 3 3 ,1 4 6 5,149,332 5,580,068 ? ;M 4 9 7 ,8 0 3 76,0*82 0 2 ,0 9 1 3 1 ,1 4 6 .6 4 8 : ' 4 5 ,0 0 8 ,4 6 5 2 7 ,0 1 0 .9 3 4 1 1 .0 8 9 .2 3 3 2 7 ,1 9 t , 3 2 5 1 4 ,9 2 0 ,6 2 4 3 ,0 8 1 ,0 4 0 3 ,0 9 5 ,0 0 0 2 907.SC 9 2 .6 1 7 .1 1 1 2 ,0 7 1 ,4 7 0 1 ,4 1 1 ,4 8 5 1 ,0 3 3 .5 6 0 1 ,1 9 5 ,5 1 2 0 7 5 ,1 7 5 1 ,2 0 4 ,9 8 5 — 11*8 -5 * 3 -1 3 3 -1 6 0 +80*3 +34*9 + 27*5 III - 2+0 210,000 i» 7 +39*9 4 8 1 ,2 8 3 ^r-i 5 2 1 ,7 9 3 ee.usuiw 112,677,899 6,371,100 013,862 470+03 90O.61J 0 2 7 .1 8 7 8 9 8 ,5 0 0 2 5 1 ,7 1 8 8 0 0 .0 6 2 1 9 3 .2 3 2 2 1 4 ,0 1 7 289,700 023,802.516 1 1 ,3 0 7 ,8 4 6 0/6-J.506 « ifitt ts i® 9 ,9 0 0 ,0 2 2 5 ,2 4 1 ,7 8 4 4.1580,404 3 .4 5 1 .0 7 4 3 ,0 4 6 ,6 3 7 1 ,4 8 7 ,0 7 0 6 7 2 ,2 6 6 ! 1,131,7871 5 6 4 ,0 0 8 5 5 5 .6 8 8 8 3 ,7 0 5 7 9 ,0 0 0 3 7 ,0 0 4 ,7 1 0 8 5 2 2 3 ,7 5 7 1 2 ,6 2 8 ,1 0 0 4 ,1 3 8 ,9 4 4 5 .0 7 5 .0 3 0 1 2 1 ,6 0 3 ,7 8 1 1 8 .1 4 7 ,8A 4 ___ 1 0 0 ,4 1 8 .9 3 7 + 4*8 3 5 7 ,1 0 3 7 9 .1 * 3 1 8 2 ,1 6 2 m\ +80 2 0 ,2 0 7 ,0 1 0 : ' 63 1 ,1 4 4 5 4 9 ,1 8 " 208,081 + 11*9 +14 V 4*13*0 471,077 515.937 1,252.607 000.058 8 5 .8 2 3 ,9 3 7 4 .6 6 7 ,6 0 0 2 ,6 4 7 9 00 1 ,6 9 8 8 1 ,3 2 9 ,9 1 2 1 .0 5 9 .8 4 2 -4 * 1 + 33*1 1 8 2 ,8 6 7 ,7 9 7 Total a l l......... . 1.0M.607.0S7 Outside N. York. TtSjuajuw M o n tr e a l.,....,.,.,. T oronto........... . H a lifa x ...,,........... W in n ip e g ,....,. . . . . H am ilton...,. . . . . . . Total Canadsi, u jiw 8 9 .4 6 4 ,5 7 0 5 .8 5 5 .0 0 0 3 .0 1 0 ,2 4 8 1 ,6 1 9 .2 0 5 1 ,4 8 1 ,2 6 8 8 8 ,0 1 0 ,1 2 5 5 ,4 9 2 ,8 0 0 8 .0 4 8 ,0 2 3 2 ,0 0 0 ,2 0 1 M 4 0 .2 6 4 1 .8 8 5 .5 2 9 1 .4 3 3 .4 2 6 9 5 1 .5 2 0 7 1 7 ,0 9 5 5 7 8 .6 2 - 0 5 .8 3 9 8 * 2 1 3 5 2 3 .1 0 0 San Francisco... Portland............. Salt Lake City.,, S e a t t le ,.,.,...., T a c o m a ,.....,.. . I.os A n g e le s..... Helena........ . S p o k a n e ..... . . . . Sioux r a i l * - ......., F a rg o ...,. ... Total P a cific..... 1 4 ,2 5 2 ,7 9 3 4 .l 3 o , 5 8 i 1 ,7 5 2 ,8 0 7 LK97.0OO 0 4 7 ,2 1 3 7 0 1 ,0 5 0 O H .0 5 1 372, r - 0 7 4 .8 0 9 7 7 3 ,1 1 7 4 1 7 .9 0 0 1893. ■1 3a,0fc sg 5 2 ,0 6 2 2 .0 3 5 . 1 7 0 Milwaukee... D e tro it.. . . . . (The above terms for one month and upward arc for standing cards.) C lev elan d ... Columbus ,. . London Agents: Indianapolis . . . . . . . M essrs. E d w a r d s A S m it b , 1 D rapers’ G ardens. E. C,. w ill take eub- P eoria....... . . . . . . . . serlptlons and advertisements, and supply single copies of the paper Grand Rapids...... L e xin gton ... at Is. each. Saginaw ...... W I L l l t n B . D A N A C O .U I’ m , P u b lis h e r s , Bay C ity .,... Akron*....... . P in e S tre e t, C o r n e r o r I*earl S tre e t, 8orin*flekl. Ohio... Post O r n c a Box 958. WISW Y O R K . C a n t o n ...... R o ck fo rd .... KaiaraMOO.. Toledo* . . . . . CLEARING HOUSE RETURNS . Dayton*.. . . , Tot. Mid. W est’ nThe following table, mad© up by t«le^raph, etc,, indicates that the total bank clearin^a o f all the clearing houses of the United .States for the week ending to-day, January 18, have been $1,071,010*380, against $1,0?7,607,057 last week and $96$,* 890,025 the corresponding week of last year. 1894. 4 .4 1 1 ,4 6 1 W7 3 4& ,4 5 5 S c r a n t o n ......... Binghamton, .. .. Total M iddle... NO. 1,595 " 507.907 I p l i 0 ~ 0 i.7 O L 4 O l 0 9 0 ,9 3 4 ,5 8 2 0 5 2 .66 0 ,7 3 4 4 5 8 .0 6 7 ,0 0 1 4 2 3 ,8 8 4 ,0 4 0 550,082,532 1 0 ,6 6 1 ,0 0 3 13,412,187 6,94**011 7 .0 8 4 .5 6 2 1 ,1 1 3 ,9 9 0 W _____6 9 4,8 3 2 +•10*6 --23$ - - 21*2 +88*7 + 11*4 21.511 66W + 108! 1 ,1 5 2 ,8 0 ! 1 ,1 1 5 ,8 0 0 7 1 1 ,0 4 5 2 0 .5 8 4 ,8 0 7 792.998 " 2 0 3 3 ,7 2 7 THE CHRONICLE. 108 THE F IN A N C IA L SITUATION. [vou Lxrr. gold from Europe either to loan to individual sub scribers or to sell at the premium, or for their own use in paying for bonds. During the week beginning with Saturday last there have been received $2,697,500 on the Paris, $375,000 on the Werra, $1,500,000 on the Champagne, $57,500- on the Auraniaand $90,000 on the Aller. It is a curious coincidence that the exports of gold keepup pretty near to the amountof the imports. In other words, gold can be with drawn from the Treasury without paying any premium and exported ; gold can be imported on the payment o f the ruling premium aud bonds bought with it. This may be a way of conducting a “ popular loan,” but it looks to U3 as if the Treasury was the under dog all th& Two important events of a domestic character have transpired this week. One was the formal announce ment of the dissolution of the Bond Syndicate formed by Mr. J. Pierpont Morgan soon after his visit to Washington in December. The other was the modifi cation of the circular issued by the Treasury Depart ment on January 6, calling for subscriptions to *100,000,000 of bonds ; this modification extends the period for payment so that final payment (assuming it will take 10 days to arrange the bids and send the notices) will occur about June 15th instead of about March 25th, as provided in the original circular. We have written on a subsequent page with reference to time. As might be expected, the “ Iron A ge’ s ” monthly the dissolution of the Morgan Syndicate, and also give to-day Mr. Morgan’s letter in full. It statement of pig iron production this time shows a has been stated that the dissolution of the Syndicate marked decline in the output. The iron trade has was made necessary by the decision of the Administra long been regarded by many as a barometer of our in tion to oiler the bonds for public subscription. That dustries, and certainly in this case the recent changes statement is not true. Mr. Morgan in his letter explains in production quite accurately reflect the reaction which the whole affair. He says that the contract which the has been in progress in general trade during the last participants signed “ did not stipulate whether the pur two months. There has been no great change in the chase should be by private contract or by public offer.” number of furnaces in b la s t; but several of the It was operative under either form when the subscrip larger establishments have stopped work, while at the tions reached a minimum amount of 1100,000,000; same time there has been a general tendency towards a but at the end of three or four day3 the maximum lessened output, and the result is that the amount of amount of *200,000,000 was subscribed, it being the iron being turned out per week on January 1 was mater understanding when the paper was drawn that the ially smaller than at the beginning of either of the offer would in some way cover the larger figure, The two months preceding. The output reached its maxi public call issued by the Secretary of the Treasury was mum on November 1, when it amounted to 217,306 only for *100,000,000. “ The amount of bonds thus tons per week. During November the aggregate was offered made the Syndicate contract (owing to the cut down only to a small extent, the weekly product minimum therein fixed) available only to b id ‘for all or being reported 216,797 tons on December 1. Duringnone.’ ” Such a bid, Mr. Morgan says, he would be un December, however, under the unfavorable develop willing to put in under present circumstances, as it ments of that month, the downward movement gained might be construed as presenting for the consideration very decided headway, so that the figures now re of the Secretary the throwing out of smaller bids made ported for January 1 show a weekly product of only in good faith under the call. Hence the Syndicate was 207,481 tons. Thus during the two months there has dissolved. been a decline roughly of 10,000 tons per week, Ever since the Treasury Department issued its cir being at the rate of over half a million tons a cular calling for subscriptions to the bonds there has year. Moreover, the “ Age ” says that since the been more or less of a nervous feeling among the banks beginning of January there have been additional! regarding its effect on the money market. The with stoppages, notably in the Central West, and that a drawal from the banks and other outside sources further restriction is imminent. The “ Age ” adds of $20,000,000 gold at intervals of ten days that “ while this is progress in the right direction it is until the $100,000,000 was paid seemed to foreshadow doubtful whether consumption is even now capable of a tight money market. Consequently a suggestion coping with the output.” This view is to some extent was made that these periods might with great propriety borne out by the fact that stocks on hand, which up tobe extended without disadvantage to the Government. November 1 had been steadily declining in face of That thought has no doubt led the Secretary to an increasing output, have since then been growing change his notice, ho having announced Wednesday larger with the product diminishing. Between Nov. 1 night that after the first payment the 'remainder aud January 1 the total of the stocks has risen from may be paid in instalments of 10 per cent 396,669 tons to 503,517, these figures not including each at the end of each succeeding 15 the holdings of the large steel companies, which pro days. N o doubt the change now mado in method duce a good part of their own metal requirements. Of will relieve the money market; all fear of course stocks even now are quite small, and if confidence disturbance would be removed if the Department could in our finances should be restored, so as to remove the arrange for having part of the proceeds of the loan fetters on enterprise, an equilibrium would be quickly remain in the depositary banks for a time. Indeed established and production again expand with the there is some slight evidence of easier money since the growth and development of business activity. A t the Secretary s announcement on Thursday. One significant i moment the only thing that can be affirmed with posifact we notice is a little disposition to buy choice paper. ! tiveness is that a reaction is in progress and that it How the gold is to be obtained to pay for the b onds, seems likely to continue for the present. has become quite a serious question since the dissolu We gave last week the Illinois Central figures o f tion of the Morgan Syndicate. Some intending sub gross and net earnings for the five months ending N o scribers are contracting to buy gold in the open mar vember 30. President Stuyvesant Fish has this week ket, paying the quoted rate of 4 @ £ of 1 per cent there issued a circular to the stockholders which contains a for to the bullion dealer. Some bankers are importing statement of the earnings] for the half-year to Decern- JiMTAHY 18, 1890.] THE CHRONICLE. 109 ber 31, the month of December being of course in cent and at Berlin and Frankfort it is 3| per cent, part estimated. This exhibit shows even more strik- According to our special cable from London the Bank ingly than that for the five months what a great in- of England gained £520,832 bullion during the week crease has been established in the company’3 earnings, and held at the close of the week £16,052,703. Our In the gross the increase is given as $1,436,991; in the correspondent further advises us that the gain was due net $1,187,441. Roughly the net is estimated at to the import of £553,000, of which £415,000 were $4,055,000 for the six months of 1895, against only bought in the open market and £138,000 received from $2,867,559 for the six months of 1894, the improvement Holland), to receipts of £803,000 from the interior o f being over 40 per cent. The shareholders recently au Great Britain and to exports of £835,000, of which thorized an increase of $10,000,000 in the stock of the £600,000 were to the Cape and £235,000 were to South company, and this moves Mr. Fish to say that even if America. the company’s confident expectation of further gains in The foreign exchange market has been dull and earnings during the remainder of the year should fail, steady and otherwise without feature during the week. the gain already made is sufficient to pay more than There has been some selling of sight bills and cable twice over the 5 per cent dividend on the amount of transfers drawn against gold exports and a little busi new stock. A t the same time a saving in interest has ness in loaning sixty-day bills to parties who wished to been effected by the extension at 4 per cent on April 1 make provision against the possible stringency in 1895 of $2,500,000 of maturing 6 per cent bonds. Mr. money resulting from the early bond settlements. Fish also calls attention to a fact o f general interest, Bankers report only a moderate supply of commercial namely that for the thirteen weeks from October 6 to bills against ootton, and documentary drafts against December 29 the shipments of corn from New Orleans grain deliverable in May and June are held at 4 87. were 5,452,829 bushels in 1895, against only 157,436 The immediate future of the market is somewhat indi bushels in 1894, and that during each of the last five cated by the fact that contracts for demand sterl weeks a larger volume o f corn was shipped from New ing deliverable at the end of January and The only Orleans than fiom New York. He thinks it is ob early in February are held at 4 894. vious that ss the distance from Chicago to New York change in nominal rates during the week was by Lazard and New Orleans is the same, the Illinois Central, with Freres, who on Monday reduced to 4 884 for sixtyits low grades and its freedom from the payment of day and 4 90 for Ehort, and rates for actual businesT arbitrary charges for the use of bridges and terminals, remained unchanged throughout the week at 4 8 7 4 0 can continue to hold this traffic. He also well sajs 4 87} for long, 4 89@4 894 for short and 4 894@4 89f On Wednesday Lazard Freres that corn in one shape or another forms the basis of for cable transfers. railroad earnings, and that the enormous crop of last shipped $1,100,000 gold to Europe because they could year, of.which but little has as yet|gone to|market, en not procure bills for remittance, and on the same day sures a steady increase in tonnage for some time to come. Mttller, Scball .V Co. sent $300,000 gold coin to South Money on call, representing bankers’ balances, has America. There were some indications on Thursday loaned at C per cent and at 2 per cent during the week, that Lazard Freres would ship more gold on Saturday the lower rate being recorded after the demand for the but the amount was not stated. Yesterday they en day had been satisfied ; the average for the week has gaged $1,000,000 for shipment. The market closed been about 4 } per cent. Banks and trust companies steady. The following table shows the daily posted quote 6 per cent as the minimum. Very little business rates of exchange by the leading drawers. has been done in time contracts. Some transactions Mo n ., T ues., W ED., T hijb ., KIU., 1HI.. Jan. 10. Jan. IS. Jan. 14. Jnn. 15. Jan. 16. Jan. 17. are recorded at 6 per cent for four months and a few HH 8H 88 88 88 *8 at this rate for ninety days on choice collateral, but Brown Bros....... j 8 0* 89* 88* 8w* *w* ►0* 8 8* 8 8* n «* ) ODdaya. Bartng. m i 88* 8 8* nothing for shorter periods. The banka and other city 90 90 80 90 90 Magoun Jk Co.. 1flight.... wo 88* 88* Bank British J O O days. 8 § * 8 8* m i institutions are entirely out of tho market for commer Sit. A m erica.. 1 8 Ight_. 90 90 90 90 89 90 88* r-8* w * Bank o f j (Vi d »r». 8 8 * cial paper, but towards the close of the week there were 90 90 80 90 VO M ontreal........ ; s ig h t,.. 90 8 8* 88* 88* Bank C00 days. 8 i* m90 i 881* indications of a disposition to buy very choice names "anadlan 90 90 90 90 WO o f Commerce.. 1Sight.... 8 8 * 0 g* *8* 88* 88* §8* at full rates. Quotations are 6 per cent for sixty to fleidelbach. Ick- 160 day*, wo 90 90 90 90 90 elhelmor Jt Co. i Sight.... 88* e8* 8 8* 89* ninety-day endorsed bills receivable, 6 per cent for four Laiard F ro n t... |oo days. 99 88* wo 90 90 WO 90 1 Bight.... 0<‘ * m onth’s commission house names, G@7 per cent for Merchant*' Bk. Cdo days 88* 88* 88* 8 8* ~8* 90 VO 90 90 90 90 o f Canada------ Bight— prime and 7@12 per cent for good four to six months' The market closed dull and steady on Friday at single names. 4 88@4 884 f ° r *ixty day and 4 894@4 90 for sight. The political situation in Europe has grown quieter Rates for actual business were 4 874@4 87f for long, this week. The prisoners captured in the attack upon 4 89@4 894 for short and 4 894@4 89f for cable trans the Boers at Johannesburg have been turned over by fers. Prime commercial bills were 4 87@4 874 and President KtUger to the English authorities for trial; documentary 4 864@4 8GJ. The Bureau of Statistics though no apology has been made by the German Em at Washington has this week issued the return of the peror to England, it is assumed that there is a better country’s foreign trade for December and the calendar understanding of his motive in interfering in the year. The results for the year are reviewed in a sep Transvaal matter, for the German incident is regarded arate article on another page, and we give here our as closed, and the English fleet, which was so hastily usual monthly summary. mobilized, has departed, under staled orders, apparently ifORSEQK T r a d e M o v e m e n t o f t u b U n it e d s t a t e s . In the following tables three olphers (OOO) are In all oases omitted. for a long cruise, and there seems to be a disposition — 1 8 9 4 .— -1 8 9 5 .----on the part of the English Government to, in some Exct$f Exports. Export*. Import*. Import*. Ezce**. 1 M e r r b ’ d la e . f t » way, arbitrate the Venezuelan boundary question. M i 1.766 107.257 + 34.499 lan.-March. 204.374 195.160 +7.214 1 8 4 .6 ; 3 101,686 + 13.987 190.141 -1 1 ,9 4 9 ne.. 1 S I .IW The Bank of England minimum rate of discount JAnorll-Ju +4.542 17 2,189 107.647 ly - S e p t ... 171.062 MO9.407 —38.345 00.020 +-Z3.63* 83,668 75.064 -f 1*1,026 8 7,0 9) remains unchanged at 2 per cent. The cable reports October...... 30.608 +M9.387 7 9.955 November.. 93,848 +*43.906 8 7 314 discounts of sixty to ninety day bank bills in London 1 Ducciribor. OM.135 +MM.741 84.876 (i 2.207 + 30.358 9*4 566 @14 per cent. The open market rate at Paris is 1J per T o ta l....... 8*4 1.897 NO 1.627 +23.270 823,102 6 7 0 .8 1 3 + 1 4 8 ,7 8 0 THE CHRONICLE. 110 G o ld , J a u .-M a r c ij. A p r fW ttR © . J b tjM J e p t* . E x p o r ts . Im p o rts. E x cess. $ $ f 30 M l tM O li,n o 11.815 E x p o r ts . $ - 7 + 5 +35,104 +77 + 13 , - l « 4 1.841 + 14,170 ‘2 ,MM O c t o b e r .. . . . . N o v e m b e r ,. 1 1,058 l,V 8 l 9 is e ilt < - Total.. . . i o i,m 1,107 501 3 * 3 tril® 9,eoi 101,63!) + 71S.1KW E xcess. t f 8,509 0-2.411 19,680 1.084 428 + 16.6U Im p o r ts . [V ol . LXII' 1S96. N am e o f B ea d — & Baltimore Ohio......... * 2 ,0 3 7 ,2 5 6 6 2 8 .8 2 8 1 5 7 ,7 5 9 5 1 ,9 3 9 —— D ec e m b e r E a r n in g s .1894. $ 1893. 1 ,8 7 4 ,8 7 6 5 7 1 ,8 2 4 1 ,8 6 3 .0 4 6 5 7 2 .7 9 8 * 1 8 9 2 .’ ' $ 2 ,1 9 9 ,6 5 7 5 7 2 ,8 3 8 1 5 1 ,3 6 9 5 5 ,7 6 3 Net +4,571 ■ j.m 1 3 4 ,0 2 8 1 4 2 .3 2 2 7,508 +31,008 Georgia.................. . ... Gross Net 3 5 ,S u 3 7 4 ,9 9 0 3,245 +14,341 Nash. Chat, & St. Louis.. 4 5 8 ,2 9 1 ■415.910 3 7 7 ,2 3 6 4 4 9 ,4 1 1 -519 1,603 1 7 7 ,1 5 2 Net. 1 7 0 ,0 8 7 1 6 2 ,0 0 1 1 7 2 ,0 0 6 9 6 .0 0 6 7 5 ,4 9 4 8 2 ,8 7 3 1,930 -1,503 West Ya. Cent, &Pitts .... Gross 9 5 ,2 9 0 3 2 ,5 0 0 Net 2 3 .7 2 9 3 5 ,1 7 3 3 5 ,9 6 3 378 + 9,12* +81,212 a o ,« o s The following statement gives the w o k ’s movements of money to and from the interior by the N . Y . banks. iliiv a r . J ta b 4 f* tc lt. A p rS I-J m m . 10.01® i & m $ 1-1.7*8 4.501 N o v e m b e r ,. 3.4U 3,100 D e e c m O u r .. Total.,.., ~ •13,833 Gold i n Ore. Jan,- M a r c h . 2S0 A p r ll-J u n e . 38 I n ly -S e p t ... O c t o b e r ____ _ J .r a *3.700 1 .3 0 1 1 ,030 871 1 1,213 +11,013 + 10.672 + 11.098 +3.208 4*4.384 +4,288 +4*4,500 1*2,467 11,218 1 1,621 4,108 3,609 3 ,6 9 1 47,011 2,427 +3 O.C10 R eceiv ed b y S h ip p e d b y •4.158 +9,090 N et I n te r io r w«)i B n cU n o J a n . 17,1898. 2.761 48,8^0 JST,F. B a n k s. N . T . B a n k s. M o v e m e n t. m +3,445 18,640,000 $1,156,000 Currency................................ .. Gain.$7,484,000 +2,831 728 472,000 211,000 Gain. 261,000 +2,903 Gold............................ ............ 788 ■ratal gold and legal tenders.__ $9,112,000 $1,867,000 Gaio.$7,745,000 9.8)5 + 37,819 Result with Sub-Treasury operations and gold move -134 -102 ments. 572 8 195 — 216 231 8 175 15 J a ly -S e p t ,., In to O ut o f N e t C h ange i n —74 214 74 W e ek E n d in g J a n , 1 7 , 1896. O c t o b e r -.. .. U B a n k s. B a n ks. B a n k H o ld in g s . — 43 15 47 N o v e m b e r .. 227 4 55 — 54 Bands’ Interior movement, as above 19,112,000 0 m 1 D e c e m b e r .. $1,367,000 Gain,$7,745,000 801 1.810 -713 8ab-Treas. oper. & gold exp. «feimp. 25,000,000 24,000,000 Gain. 1,000,000 T o t a l .......... 30 713 Total gold and legal tenders..... $34,112,000 $25,367,000 Gain. 8,745,000 S i l v e r i n Ore. 5 Jan.-March. 876 —2,871 79 1,641 -1,562 Amount of bullion in principal European banks. A p r il-J t m e . 31 01 3.202 —3,171 1,587 — 1,490 J u ly -S e p t ... <H 3,050 — *4,986 30 2,452 — 2,42:2 J a n u a vy 1 6 ,1 8 9 6 . J a i u a ry 1 7 , 1 8 9 5 . O c t o b e r ..... ICO —507 1.180 -1.080 507 Bank o f N o v e m b e r .. 72 1,032 —1,030 -391 092 1 G old. S ilv e r. T ota l. S ilv er. G old. T o ta l. m 1 , 1 1 4 D e c e m b e r .. 1,210 —929 1 930 £ £ £ £ £ £ 1*1,610 -1-4,243 T o t a l...... 308 202 7,809 -7,607 England...... 4 6 ,0 5 2 ,7 0 3 4 6 ,0 2 , 7 '3 3 4 ,6 0 4 ,9 3 5 . . . » 3 4 ,6 0 4 ,9 6 5 7 7 ,2 9 8 ,3 3 0 4 9 ,3 0 7 ,2 0 3 1 2 6 ,6 8 0 .0 3 2 8 3 ,6 3 0 ,0 0 0 4 4 ,2 d 2 , V O 2 7 , 2 2 , 0 0 0 France.. ..... + E x ce ss o f exoa rts— E x c e s s o f im p o r ts Germany..... 3 0 ,4 2 7 ,7 5 5 1 3 ,0 2 8 ,9 9 5 4 3 ,4 5 1 ,7 5 0 3 7 ,6 9 5 .0 0 0 1 5 ,3 9 7 ,0 0 0 5 < ,0 9 2 ,0 0 0 We subjoin the totals for merchandise, gold and Aust.-Hung’y 2 4 ,4 2 0 ,0 0 0 1 2 ,6 7 3 ,0 0 0 3 7 ,0 9 3 ,0 0 0 1 5 ,5 0 1 ,0 0 0 1 3 ,9 1 8 ,0 0 0 2 9 ,4 2 0 ,0 0 0 Spain— ..... 8 ,0 0 4 ,0 0 0 1 0 ,1 1 0 ,0 0 0 1 8 ,1 1 4 ,0 0 0 8 ,0 0 4 ,0 0 0 1 1 ,2 0 0 ,0 0 0 1 9 ,2 0 4 ,0 0 0 silver for the twelve months for six years. Netherlands. 3 ,3 7 4 ,0 0 0 6 ,8 3 2 ,0 0 0 1 0 ,1 9 6 ,0 0 0 4 ,0 9 4 ,0 0 0 6 ,8 3 8 ,0 0 0 1 0 ,9 3 2 .0 0 0 Nat. Belgium 2 ,6 :3 ,3 3 3 1 ,3 3 6 ,6 6 7 4 ,0 1 0 ,0 0 0 3 ,4 8 6 ,0 0 0 1 ,7 4 3 .0 0 0 5 ,2 ^ 9 ,0 0 0 Merchandise. G O LD . SILVER. Tot.this week 1 9 2 ,2 5 0 ,6 2 1 9 3 ,3 3 7 ,8 0 4 2 8 5 .5 8 8 ,4 8 5 1 8 7 ,0 1 7 ,9 6 5 9 3 ,3 8 5 ,0 0 0 2 8 0 ,4 0 3 ,9 0 5 T w e 'm E xcess E x M o s. Im E x c e s s E x I m E x cess Tot. prev. w yk 1 9 2 ,0 1 8 .7 2 9 9 3 ,3 3 1 ,0 2 7 1 2 8 5 ,3 5 0 ,3 5 6 1 8 3 ,3 0 3 ,1 1 2 9 7 ,9 6 0 + 0 0 2 8 1 ,2 6 2 ,1 1 2 E x p o rts . Im p o rts. of of of E x p o r ts . ports, p o r ts . p o rts. E x p o r ts 259 +21 — •534 —107 —200 -212 —87 — 1,17® 7 I 'l l E xp orts f i t $ 1893 824,807 801,627 23,270 104,906 34,378 1891. 8«3,102 670.313 14S789 101,850 21,351 1893 87.1,832 766,210 109602 79.984 73,281 1S92 938,421 840.931 97,490 76,532 17,461 1891. 970.52 08-.i8.331 112189,79,086 44,070 1890, 837,603 823,898 34,105'24,053 20,230 1 p o rts * $ $ * 70,887 54,201 23,883 30,3X8 WHAT THE SYNDICATE M IGH T H A V E S0,499 47,246 17.634 29 612 DONE FOB OUR INDUSTRIES . 6,703 46,358 27,766 18,598 59,081 33,978 21,736 14,250 In view of the revelation made this week with refer 34,118 27,693 18,193 9,500 3,830 26,540 22,426 3,999 ence to the action of Mr. Morgan and the formation o f In the last table gold and silver in ore for 1893, 1894 and 1895 are given under the heads respectively o f gold and silver; for the other years both are included in the merchandise figures. -W e g iv e on a subsequent page our usual review and compilation of railroad net earnings for the month of November, showing a satisfactory gain in both gross and net. A few early returns have already come in for the month of December. The Baltimore & Ohio for that month reports $162,380 gain in gross and $57,004 gain in n et; the Toledo Peoria & Western $10,547 gain in gros?, 80,100 gain in net; the Nashville Chattanooga & St. Louis $42,375 gain in gross, $7,085 gain in net; the Georgia Railroad $23,730 gain in gross, $16,635 gain in net; and the West Virginia Central & Pittsburg $20,511 gain in gross, $8,831 gain in net. The fol lowing gives a comparison of gross and net for four years for a number of roads which have this week furnished returns for either November or December. N a m t o f R oa d — Flint & Per© Marquette. 1805. $ i.03.554 49,732 1,021,700 116,014 47.878 13,887 301,157 112,811 135.172 30,761 273,575 61,816 392.433 J85,930 91.397 28.037 75,493 23,512 2,017.687 1,066,190 Net Net Indiana Bee. & Western ...Gross Net Xdike Erie & Western..., ...Gross Net Louisville Evansville &S .L.Gross Net Louis. N. All>. & Chic.... Net Mexican National.......... ...Gross Net Ohio R iver.......,,...... Net ...Gross Not Fhfl&delphia & Heading. ...Gross Net Coal & iron Co Net def. 45.807 ©mad Trunk......... - -N o v em b er E a r n in g s 1894. 1893. 1892. « $ * 192,270 189,803 49,070 38,763 74,948 007 1,179,380 168.938 177,010 40,448 30.330 19.523 3,470 6,822 232,611 251,918 144,612 107,851 128,996 111,829 121.P86 145,811 17,152 84.408 259,738 247.592 78,088 04.082 71,985 371.070 333.630 488,881 113,89J 138,372 189.623 61,124 69,185 21,319 30,993 33^827 74,472 73,324 60,174 9,467 33,361 1,933,088 1.947.87-1 2.003,150 1,081,743 1,015,332 1,235,950 2,224,834 2.963,304 218,579 279,409 a bond syndicate it would seem as if those in and out of Congress who have been denouncing that association, of moneyed men and its head would like to conceal themselves from public view. They most richly de serve public condemnation. T o us there is nothing surprising in Mr. Morgan’ s letter, which will be found in full on a subsequent page. W e do not mean that we had any special knowledge with reference to the matters it so clearly and forcibly discloses, for we did not. W e had knowledge of the high character, open methods and world-wide influence of the head of the Syndicate, and this letter not only refleets this character and these methods in every step of the trans action, but in substance shows to the world that the service which was ready to be offered the Government would have conferred benefits which no other arrange ment for the purchase of bonds could obtain. Wha t may likewise farther seem straDge to those who have been defaming character so glibly is the pledge given in the letter that if any need of subscriptions is hereafter developed to make this issue of bonds a success the writer’ s “ firm ” (notwithstanding the dissolution of the Syndicate) “ will gladly assist any party desiring to subscribe under the present call and will join with those prepared to take any amount that may not be de sired by smaller investors.” What the character and extent of the influence was which Mr. Morgan could have brought to the service of the Government if it had not been for the vehement hostility expressed in and out of Congress, and can bring now if it is needed, will be best understood by a brief recital of what has so lately been done. It seems that on the 23d of December, when Mr. Jantjaby 18, 1896.J THE CHRONICLE. Ill Morgan visited Washington with reference to the that this loan has at length become in the strict sense Government’ s financial situation, no negotiations for a of the words a popular loan ; the President and his loan were commenced or even suggested, nor was there S cretary have done their utmost in the matter ; the then or since any agreement or req lest that he should Syndicate and its overpowering influence have been take steps preparatory to making a contract. His c m - withdrawn from the field, its position hereafter elusions from this visit were simply (1) that the Presi- being simply secondary— as takers of the crumbs which dent and Secretary o f the Treasury were determined may fall from the poor man’ s table. Inasmuch as to use every power at their command to restore and the howlers have made this purpose their constant re maintain the gold reserre; (2) that no preparatory nego train, and since by the withdrawal of the Syndicate tiations would be begun until it was ascertained what every obstacle to its accomplishment has in their view action Congress was likely to take in response to the been removed, the way is clear for a grand success President’s appeal; (3) that the Executive Department worth working for, a unique affair, which will carry would prefer, if possible, to secure $'300,000,000 of down to posterity the names of all those engaged in it gold in order to avoid any probable necessity for a — the scattering of these bonds among the people similar negotiation before the meeting of Congress in and the keeping them out of the hands of banks and 1897; (4) that it was absolutely certain that no adequate bankers. But obviously the popular loan party would not be relief would be obtained from Congress. Tnereupon returning to New York under a full sense of the grav advantaged even in theory by disruption of the Syndi ity of the situation, and keenly alive to the fact that cate if these securities are to go into the hands of the early action was essential, Mr. Morgan took steps at individual members. Subscriptions of that character once to ascertain to what extent it would be possible would fail to satisfy and indeed bear no resemblance to secure the co-operation of capitalists to sell to the to the popular ideal. Why would not the outcome in United States $200,000,000 of gold, so as to be prepared that case, so far as the Government and the public are to act promptly if called upon. The contract which concerned, J)e f ar more objectionable than if the Syn was signed by the participants did not stipulate dicate had taken the bonds. As individuals they whether the purchase should be made by private con hold the character of "m o n e y k in gs” no less tract or public offer ; it provided that no gold should than when acting under the co n tra ct; but the circumstance is that they would be withdrawn from the Treasury, and farther that the unfortunate minimum amount of the contract should be $100,- get the securities without any of the conditions 000,000 and the maximum not to exceed $200,000,- attaching which the Syndicate agreed to, and which 000. Applications to join the Syndicate far exceeded proved so beneficial the past summer, being worth expectations. A t the end o f three or four days the so much to our industries. These individual " m o n e y larger total of $200,000,000 was reached, so that Mr. kings” will like the individual arrangement better, Morgan held in his hands full authority, which but the people will not. A few weeks ago we attempted would enable him, whenever and however the Execu to work out the financial results to the public of last tive might decide to act, to secure that amount of gold February’s bond sale. We studied over the problem ($200,000,000) for the Treasury reserve in exchange until the figures became so large that we stopped. The full cost of the bonds was as nothing compared with for United States bonds. About one-qnarter o f this gold was promised by par the benefits the country secured. But it may be said ticipants in Germany and France and the other three- that as individuals the subscribers now will give a quarters was to come from all parts of the Uoited much higher price for their purchase. O f course they States; if accepted the arrangements would have been will be glad to do so, for, we repeat, they assume none conducted with the same good judgm ent and would of the risks or obligations. We refer to these features because the outside in d i have produced like benefits to business that attended the February contract. Such was the nature of the cations at the moment are that the dissolution of the proffered aid which Congress in its wisdom has seen fit Syndicate is only to end in the taking of the loan by toreject. Now of course with Mr. Morgan’ s announce the members as individuals— that is to say, this grand ment the Syndicate goes out of existence. What is to sky rocket affair against "m oney kings” and in favor of be the result ? Foremost among the benefits will be a "popular loan” means robbing the public of the the free and full opportunity afforded for the tradi great advantages of syndicate action and taking the tional stockings to come to the light and b i emptied. segregated parts o f the broken organization to do it This we assume will be a grand spectacle and a great with. If that is the situation it is only right to have advantage; we assume this for the reason that those it thoroughly well understood now what the "success” who have been persistently denouncing the Syndicate of this "popular” loin is and means. claim to have done so largely because the Syndicate’s 7 H E R E A D IN G REPORT. existerce was a very great hindrance to this patriotic movement. Hence if they do their duty they will at The annual report of the Philadelphia & Reading once form these honest old burghers into brigades, help possesses special interest this time because of the them to formulate their offers, and when the time unsatisfactory condition of the anthracite trade during comes march them up to the nearest depositary with the late year and the recent issue of the plan for the their gold to get their bonds. No doubt if a committee reorganization of the property. was formed which would gather the stockings they could Notwithstanding the unfavorable state of the anthra be sold by auction on Wall Street, and would bring a cite trade, the company makes a better exhibit than for large price, sufficient in all probability to equal any the year preceding. Thus the deficit on the operation premium bid for the bonds, and so furnish each of the combined companies (we mean the Railroad Com brigade with its securities at par and interest. That pany and the Coal & Iron Company) is only $1,538,805 offer indeed might be made by this committee for the twelve months ending November 30, 1895, as with entire safety. But whether that is done or not, against a deficit of $1,933,007 for the twelve months the great point to be remembered at the moment is ending November 30 1894. However, the change here 112 THE CHRONICLE. [Vou L x n . y dees not Bignify much, aseeveral of the items of charges lars less than in 1892-3. I f we look at the revenue returns against income were smaller in tho late year, notablj from the merchandise traffic, we shall find that nearly equipment payments and the outlays for better the whole million dollars gain over last year has come ments. And yet there has been considerable improve from that source, and furthermore that the amount of ment in certain directions, as appears from the in said item of revenue is larger also than for the fiscal crease which has beon established in the gross and net year 1892-3, the figures for the last three years standing earnings from the opt ration of tho railroad lines. I he at >6,910,469 for 1895, >5,992,373 for 1894 and >6,722,gross receipts from traffic were roughly a million dol 051 for 1893. The improvement follows of course lars larger, at >21,300,575 against >20,344,775, and from the general revival of business activity, particu tho net earnings were over six hundred thousand dol larly in the iron trade, and the result demonstrates lars larger, being >9,672,103 against >9,065,786. Lhe that the road is getting its share of the increased profit from other sources was also larger, amounting traffic resulting from that cause. Passing to a consideration of the passenger and coal to >587,089 against >505,632, while charges against traffic we quickly discover that the outcome there ha3 income (for the reason already stated) were but >9,been much less satisfactory. In the paseenger earn 922,067 against >10,478,824. The result is that on ings there was a further small loss in 1895 after a loss tho operations of the Railroad Company, considered in 1894, the total being >3,959,073, against >4,137,961 distinct from those of the Coal & Iron Company, there has been a wonderful change in results between the and >4,349,133;respectively in the two years preceding. two years; for 1894-95 we have a surplus above the The falling off in this case is readily explained. It is charge8 of >337,186, whereas for 1893 94 we had a due wholly, we are told, to the competition of the subur deficiency of >907,405 below the charges— showing a ban electric roads. In the coal traffic there is a gain difference in favor of the late year of about 1^ million in revenue of >205,573 over the preceding year but a loss o f >1,337,979 as compared with 1892-3. Stated dollars. Unfortunately the improvement on the Railroad in another way, the earnings from coal were Company was offset by a loss on the Coal & Iron Com >9,957,870 in 1895, >9,752,297 in 1894 and 811,pany. Th® Coal Company did a greatly increased busi 295,850 in 1893. The significance of this comparison ness, the sales for the year having aggregated 8,921,850 lies in the contrast it affords with the tonnage move W hile the company realized 1£ m illion tons, or 969,486 tons more than in the year preceding, ment. which had up to that time been the largest on record, dollars less from the transportation o f coal than two and this increased business is reflected in gross receipts years ago, the tonnage of coal was actually larger than for the Coal & Iron Company of >24,080,798 for 1894 5, ever before— 988,795 tons in excess of that for against only >22,236,864 for 1893-4. But it has been the previous year and 391,324 tons in excess o f the observed on some previous occasions that an increase tonnage for 1892- 93, previously the largest on record. in business does not necessarily bring an increase in The diminution in revenues in spite of the increased profits to the Coal & Iron Company but very tonnage was caused, the receivers state, “ by a decrease frequently quite the reverse, and this has evidently in the freight rate, which was forced down by the low been the experience in the late year. At price realized for coal in the various markets of the all events while in 1893-94 the receipts exceeded the country.” expenses in amount of >268,553, for 1894-5 the receipts It is thus clearly established that the demoralized fall >699,809 below the expenses, an adverse change of condition of the anthracite trade operated in a double almost a million dollars in face of an increase of I f way to impair the net income of the property. It fo l million dollars in gross business. The change is due lows of course that should an agreement be reached to the low average price realized for the coal, this between the anthracite companies as the result o f the average having been less than that of any year since reorganization of the Reading properties, as many are 1879 with the single exception of 1886. The expense inclined to believe, there would be a corresponding of mining per ton has been steadily reduced. The benefit in both ways. It is admitted that the stand report states that the coal cost >1-414 per ton delivered taken by the Reading in insisting on an allotment to it in cars, or, after allowing $584,450 for permanent of 21 per cent as its quota of the combined production colliery improvements (which increase the productive was one of the chief obstacles in the way of an agree ness of the estate), it cost in cars >1-339 per ton, ment during the late year. The receivers go into an said to be less than in any year since 1879. extended discussion of the matter to show that the Speaking of the loss on the mining operations in company is fairly entitled to 21 per cent, and in our the late year, the receivers state that while the busi estimation they make out a very strong case. A t the ness was a losing one for the Coal & Iron Company same time one can not overlook the fact that a mere this loss was more than made up by the gain to the increase in tonnage possesses no advantage when, as in Railroad Company from the additional tonnage pro this case, it leads to a large decrease in both the price duced, which was carried at freight rates that yielded of coal and the rate at which it has to be carried. One a prefit. Doubtless this is so. The profit to the an of the proposals advanced last year was that the whole thracite companies comes chiefly from carrying the question should be submitted to arbitration. The re cohl, not from mining it. But here also the conditions ceivers give their reason for not assenting to this prevailing in the trade operated to the disadvantage of proposition. Still arbitration is the best way o f the road— that is, the effect of these conditions is seen settling such disputes, and it is hard to see how the not only in a lower price for the coal at the mines but continuation of the present state of things can prove also in reduced freight rates. A study of the traffic o f benefit to any one. statistics of the road on this point is both interesting It may bo asked in what position the company will and instructive. We have already shown that the be left after reorganization on the basis of last year’ s gross earnings of the Railroad Company improved about results. We have seen that the deficiency below a million dollars over the year preceding; even with this charges for the combined companies in the late year improvement, however, the total is about 1^ million dol was >1,538,805. The reorganization, besides relieving JAM7ARY 18, 1896.] THE CHRONICLE the company of the incabns of its floating debt and making provision for future capital needs, insures a reduction of the yearly fired charges, and, by taking up the car trusts, stop3 the drain on income which the heavy annual equipment payments have hitherto caused. For the late year these equipment payments amounted to over a million dollars—11,013,81-1. I f we eliminate this item and also the 1122,976 charged for improve ments, the deficiency for the twelve mouths is reduced to only #402,015. But under the reorganiz ition an absolute saving is effected in fired charges of #717,900 per annum, with an almost immediate further reduc tion of #500,000 per annum through refunding of maturing high-rate underlying bonds. Hence it is evi dent that on the new basis the property would show a considerable balance to the good even in a year of such unfavorable conditions in the anthracite trade as the last one. T H E A R M A M E N T S OF E U R O P E A N D THE P R E S E R V A T IO N OF THE PLAC E . The most interesting, if not the most instructive, feature of the present crisis is the suddenness and com pleteness of the change which has passed over the en tire situation. Not in many years has the civilized world ■witnessed such an ominous gathering o f war clouds. The whole political horiz >n had become b la ck ; and a temp* st was threatened seeming to all on-lookers un paralleled alike in its sweep and its severity. Interests seemed to conflict in all directions; the old bonds of unity between nation and nation were loos*ned, and rumors were afloat o f new combinations o f the wildest and most alarming kind. Tne clouds have not burst. O a the contrary they are vanishing as they ca m e; and we have alrealy the near prospect of a comparatively clear horizon. It is not wonderful that the situation was for a time Tiewed with some alarm, and that the minds of many failed them for fear. The scare had been long continued even before the recent aggravated symptoms revealed themselves. For more than a year the mind of the gen eral public was kept steadily fixed on the struggle going on in the Far E ast; and there was sufficient food for anxiety in the possible resultant complications. It was notorious that the two great rival Powers, Great Britain and Russia, were eager spectators of the con flict and deeply interested in the result. The fear was general that an excuse might be found at any moment for the spectators to become actual participants in the strife, and it was next to impossible in the peculiar circumstances to think o f Russia and Great Britain at war without powerful allies on either side. It cannot be said that men's minds are yet at rest in regard to the possible final outcome of the war between China and Japan. Even now it constitutes a part of what remains of the war clouds. Before anxiety was wholly relieved regarding the probable doings in certain emergencies o f Russia and Great Britain in the Far East, the Christian world was stirred throughout its length and breadth by the re volting news of the massacres of Armenians and other Christians by the fanatical Turks. The indignation was fierce and loud, and, what is not always the case removed as we are from European complications, the sentiment of which it was the expression was as pro nounced on this side of the Atlantic as on the other. It was believed by many that the end of the Sick Man had come, and that the great Powers had at last fou td 113 an opportunity to wipe the Ottoman Porte and all that belonged to it out of existence. Great Britain had been blamed for being slow to act. But when she showed hersslf willing to assume the required responsibility, it was discovered that there were bar riers in the way. Russian interests and what were supposed to be British interests were again in conflict. France was with Russia. Austria was with Great Britain. If Turkey was to be dismembered, there was the question of spoils. I f Turkey was to be occupied to enable the Sultan to cirry out his projected reforms, where were the different Powers to have their centres of influence, and how were these centres of influence to harmonize with the long-established policy of the West and the almost equally long-cherished purposes of Russia. Wisely, we think, Great Britain insisted on uni ted action, for if she had acted alone and had occupied Constantinople, or in any direct way had taken it under her charge, she not unlikely would have kindled the flames of war, and what would have been the final result no one can tell. The result of the whole affair is deplorable. A t the mercy of the bloodthirsty Mussul man, the Armenians call for help; and the Christian world outside makes the confession that it cannot help them. Then in addition we have had this Venezuelan shock and the unfortunate affair in the Transvaal. Into the merits or demerits of either of these we do not propose to enter at any length. I f, is impossible, how ever, to pass them over. L ke the Cnino Japanese war and like this recent Turkish imbroglio they be long to the disturbing causes; and they illustrate the p culiar disposition of the time— a disposition to yield to temper and to give vent to feelings in bellicose lan guage. The Transvail affair has ceased to be a matter between President Krftgcr and Cape Colony or the British Government. It is an affair between Great Britain and Germany; and Emperor William has to thank himself, if he finds himself occupying before his own people and before the world a somewhat u n dignified position. He was not ignorant of the treaty of 1884. He knew that in regard to outside or foreign matters the Tranvaal Government had agreed to act through the British Crown. Ia other words he knew that according to the terms of that treaty Great B rit ain exercised a species of suzerain authority. He knows now that he cannot land a German soldier in the neighborhood of the Transvaal, and he has just heard from the lips of Mr. Balfour, the most prominent man in the British Cabinet after Lord Salisbury him self, that "foreign interference will not bo permitted’ in the Transvaal. As things are at present, the prospect is peace. There is no immediate danger, less than there has been any time during the last fourteen or fifteen months, that war should take plaoe between Great Britain and Russia because of complications in the Far East. There is no danger that a general war should break out immediately— less than there was two months ago— because of the Turkish-Armenian diffi culty. And most people are agreed that the Trans vaal difficulties will be got over without an appeal to the sword. Why 8*> much noise and so little action ? Why so many bellicose speeches and so many backdowns ? The true answer to these questions is— Fear. It is after the rash words are spoken that governments and the men at the head of them begin to count the cost and to consider the strength and resources o f the opposing 114 THE CHRONICLE. party. It is in view of the terrible consequences which would follow a war between any two of the great Powers, or between any combination of those Powers, that we have had so much hesita tion in firing the first gun. Twenty-five years ago the war in the Far East would most cer tainly, if it had rolled on in the satno lines, have brought Russia and Great Britain into conflict. Eight een years ago the great Russo-Turkish struggle was over, and the Treaty of Berlin was signed. How dif ferent the situation of to-day 1 Why has Russia not taken advantage of the present situation and advanced towards Constantinople ? Why has she not attempted to force her way through the Bosphorus ? Why have not the Powers, in spite of Russia, combined and gone to the rescue of the Christains ? It is the fear of consequences. The armaments of Europe have become such that war would be dis astrous— destructive, especially of property, and ruin ous to trade and commerce, beyond any thing the world has ever known, even if limited to two contending^parties; and when we take into consideration com binations, we are brought face to face with a general war which would throw back European civilization for at least a hundred years. Taking in the situation generally we are driven to the conclusion that the armaments of Europe are to-day the great preservers of the peace; and of all the individual illustrations the most remarkable is that of the great Christian Powers at the gates of Turkey looking on helplessly while their brothers and sisters are being massacred, and finally retiring, admitting that they are utterly unable to help them. Each of the Powers was willing but not one had the courage to move. OUR FO R E IG N COMMERCE I N 1895. The issue by the Bureau of Statistics at Washington of the preliminary statement of the country’ s foreign commerce for December enables us to prepare our usual statistics for the calendar year. On the whole there have been fewer striking and exceptional features *n the external trade of 1895 than in that of the years immediately precsding, which is equivalent to saying that there was a closer approach to normal conditions. Of course in this we are referring to the general results and the grand aggregates. In comparing 1895 with 1894, the point which will attract most attention no doubt is the large increase in the imports. Roughly, our importations in the twelve months of 1895 were 125 million dollars in excess of those for the twelve months of 1894. Many will attribute this expansion to the en actment of the 1894 tariff law, prescribing a lower scale of tariff duties. Others will see in the movement unhealthy symptoms entirely regardless of the change in tariff rates. But a little study will serve to show that the enlarged movement has followed from perfectly natural causes and consequently affords no ground for unfavorable conclusions. In the first place it is well to remember that in comparing with 1894 we are com paring with a year of abnormally small totals. From 823 million dollars in 1890, 828 million dollars in 1891 and 841 million dollars in 1892, our imports had fallen first to 766 million dollars in 1893 and then to 676 million dollars in 1894. The increase in 1895 therefore while large, is really a recovery of less than what was lost in the two years preceding. In other words, the total for 1895 stands at only 801 million dollars, [Y ol. LX1I. whereas in 1892 the imports had, been 841 m illion dollars. The truth is, the difference between 1895 and 1894 reflects simply the difference in the general condi tions of the country in the two years, and affords further proof of the great improvement in trade and business which occurred during 1895. In 1894 all our industries were in a state of extreme depression : labor was only partly employed and had to accept re duced compensation, consumption of goods was at a low ebb, and jobbers and dealers were very reluctant to stock up. In short,it was a period of economy and hesitancy, the uncertainties regard ing the tariff operating of course in the im port trade as a farther depressing agency. In 1895, on the other hand, all this was changed. Trade,, while dull and inactive early in the year, when the state of the United States Treasury caused so much alarm, began to improve after the making of the con tract with the Syndicate, and the movement stead ily gained force and strength as the year pro gressed. Labor once more found full em ploy ment, wages were advanced, the consumptive capacity of the population wa3 increased, and stocks of goods, which had been allowed to run down to an unusual ex tent, had to he replenished. This was the situation in both the domestic and the foreign trade, and there can be no doubt that imports in 1895 were larger than they otherwise would have been, because in 1894 they had been contracted (for the reasons stated) to such an abnor mal degree. A fair way to judge of the imports in their relation to the country’ s normal requirements would seem to be to combine the years 1894 and 1895 and compare the average of the two years thus obtained with the imports for the years immediately preceding. This average is found to he roughly 739 m illion dollars, and we would have to go back to 1888 to find a yearly aggregate as small as this. The following fur nishes a comparison of both the merchandise imports and the merchandise exports for each calendar year back to 1870. MERCHANDISE EXPORTS AND IMPORTS (CALENDAR YEARS). C a lenda r T ea r. 1870 ........ 1871.......... 1872........... 1873.......... 1874........... 1875.......... 1876.......... 1877__ ___ 1878.......... 1870...... 1880........... 1881.......... 1882.......... 1883.......... 1884.......... L885.......... 1886.......... 1887.......... 1888 ......... 1880.......... 1390.......... 1891.......... 1802.......... 1813.......... 1804.......... 1835.......... E x p o rts. Imports. $ 403,580.010 400,352.088 408,837,918 507,757,807 509,872,553 510,947,422 590,006,629 620,302,412 737,092,073 705,159,825 889,083.422 833,549,127 767,93J.946 795,209,310 749,300,423 088,249,798 713,404,021 715,301,044 091,700,743 827,106.347 857,502,548 970.509.040 9:18,420,000 875,831,848 825,102,248 824,890,522 § 401.132,058 573,111,099 655,904,099 595,248,048 502,115,907 503,152,930 427,347,105 480,246,300 431,812,483 513,002,790 090,807,170 070,209,448 752,843,507 087,060,210 029,261,080 587,868.073 603,429,189 708,818,478 725,202,714 770,526,484 823,397.726 823.320,943 840.930,955 760,239,846 070,812,941 801,020,038 E xcess. $ 57,546,048 112,759,011 187,126,751 27,490,181 7,756,040 7,794,480 103,319,464 Exp. 140,056,112 E x p . 305,279,590 E x p . 251,557,029 E x p . L92,870,240 E x p . L63,339,679 E x p . 15,138,439 E x p . 108,143,100 Exp. 120,104,508 E x p . 100,381,125 E x p . 49,974,832 E xp. 0,483,500 I m p . 33,441,971 E x p . 56,579,803 E x p . 34,104,822 E x p . 142,188,703 E x p . 97,489.705 E x p . 109,592,002 E x p . 148,789,307 E x p . 23,209,884 Im p . Im p . Im p . Im p . E xp. E xp. E xp. T ota l F o r e ig n T ra d e. $ 864,718,008 1,033,403,187 1,124,802,047 1,103,005,915 1,131,988.400 1,014,100,358 1,018,018,794 1,100,548,712 1,168,904,550 1,278,762,621 1,580,490,598 1,503,758,575 1,520,825,453 1,482,275,532 1,378,028,288 1,270,118,471 1,370,833,910 1,424,119,522 1,410,903,457 1,697,632,831 1,080,900,274 1,793,830,589 1,779.351,015 1,042,071,094 1,601,415,189 1,626,523,160 It will be observed from the foregoing that the m er chandise exports in the last two years were almost ex actly alike, and were on the whole quite large, though of course considerably smaller than in the best of pre vious years. For 1895 the aggregate is $824,896,522, for 1894 $825,102,248. The close approach to the 1894 total may seem a surprise in view o f the fact that our export surpluses of some leading commodities had been Jaxcaby THE CHRONICLE. 18, 1896.] reduced by reason of the previous season’ s crop failure, and furthermore that in the latter part of the year the shipments of cotton fell off heavily in consequence of the shortage in the 1895 crop of the staple. In the last four months o f 1895 the cotton exports reached only 1,127} million pounds against 1,836 million pounds in the corresponding four months of 1894, a contraction of 7084 million pounds, or over 38 per cent. But shippers realized an average of 8-4 cents per pound in the four months of 1895, against only 5 ‘ 7 cents in the four months of 1894, and hence the value of the exports was $94,550,400 against $106,3 L9,843, a loss of 11} million dollars, or but 11 per cent. For the full twelve months of the calendar year the loss in this staple is only about 10} million dollars; in quantity the exports for the twelve months were 5,518,669 bales or 2,770 million pounds in 1895, and 6,090,551 bales or 3,065 million pounds in 1894. In another leading export commodity an advance in price also cut an important figure in the results. We refer to petroleum. Here the exports were over 41 million gallons less than in 1894, but owing to the en hancement of price export values were actually in creased over 15} million dollars, the total standing at about 57 million dollars in 1895 against 41} million dollars for 1894. In the exports of cattle, sheep and hog3 there was a falling off of about 10} million dollars, and in the exports o f provisions a falling off of nearly 10 million dollars. Or the other hand, in the breadatuffs exports there was <nly a trifling decrease, the total having been small in both years. The shipments of wheat and Hour were less than in the year preceding, while prices were but little higher as to wheat and actually somewhat lower in the case of flour. On the other hand the corn shipments (strange as it may seem in view of the short crop in 1894) were about 18 million bushels greater in quantity and about 7} million dollars larger in amount. O f course the improvement occurred entirely in the last six months ; in the first six months there was a large decrease. From the following table it will be seen that the aggregate export values o f the leading staples— cotton, breadstuffs, provisions, cattle, etc., and petroleum— was about 16 million dollars less in the twelve months of 1895 than in the twelve months o f 1894, but that this loss was just about made good by the gains in other items of exports. u rom s or Exporta. C otton.. . . . . Breadstuff* ProT‘n«. Cattle, nheep and bog*.. Petr Im. fte. tc. l r a d ie o r * o » c c r s roR n x balance in 1895 is $53,587,784, against $178,401,520, or nearly 125 million dollars less. Clearly therefore there was a warrant for gold exports in the ordinary trade conditions in 1895, whereas there was no such warrant in 1894. Nevertheless, the gold outflow, though very heavy, was not quite as large as in the preceding year, the net efflux having been 70} million dollars in 1895 and 8 0 } million dollars in 1894. It will be interesting to show the result on gold, silver and merchandise together, and accordingly we have prepared the following covering the last five years. YEARLY TRADE BALANCE. 1895. 1891. Excsss o f — I ? Merchan. exports.. 23.269,884 148,789,907 9Uver e x p o r ts ...... 30,317,900 29,012,213 1893. $ 109,592,002 18.592.052 97,489,705 142,18°,70S 14,249,532 9,500,129 T otal................... 53.587.784 178,401,520 Gold e x o o r t s . ..........70,586,645 80,499,128 128.134,054 0,703,151 1U ,739,287 151,688,832 59,081,110 34,116.471 1894. i*w . | 1801. 1890. 9 1 • » I « J • 180.9*0,000 300,113,773 304.10fl.0ei I17.0fl3.5SH 377,038,511 254.275.863 iat.8C8.ooo 125.flOt.Vifl 197.3Ufl.0dfl 34R^U .231 33t.821.UU2 141.602347 1 52,1*4.'**.»> lU.7IS.73fl 135,206,902 149.499,413 131.flSt.79fl l i ; m : h j 30.1V9.000 40.70fl.l8fl 23.l7fl.18oJ flfl.073JOo( 20,143.508 54.479.626 57,020.000 4L3IO.ll>? 41,835,25.".! 43.72U.U7I 40.174.935 62,270,953 T otal........ S»4.0Sl.0O<> S4O.7l».flfl' 501,710.308 flW.A7l.T77 718.932,012 •25.471,708 All otb exp. X7SJW.A7B an.U 3.Svj t44.fltu.383 3S3.S77.OT4 232.030340 t»0.*/S.SC2 T otal........ 8t4.WI.621 B2S. 102.348 875.83 LAI fl U38,43O,0flO»7n,500.«4« 857,802.648 Owing to the large increase in the merchandise im ports, the trade balance in favor of the United States on the merchandise movement was much smaller in 1895 than in 1894, amounting in fact, as will be seen by the table first above, to only $23,269,884, against $148,789,307. As regards silver, since the repeal of the purchase clause o f the 1890 law, our exports of that metal are each year increasing, and the total for 1895, both gross and net, was in excess of that of any previous year. For 1895 the net amount was $30,317,900, as against $29,612,213 for 1894. Combining merchandise with silver, the favorable 1891. $ $ Grand total...... 124,174,429 258.900.643 134,887,205 170,820.397 185,305,303 <40LD AND SILVER IMPORTS AND EXPORTS. ----------- Gold.----------------- <---------------------Sliver.Extrju o f ca len d ar tea ks. 1902. 1892. Thus we paid in settlement of our indebtedness with the outside world by an excess of merchandise, gold and silver exports over merchandise, gold and silver imports only $124,174,429 in 1895, against $258,900,648 in 1894. The dilference any fairly be said to re flect the improvement in the situation wrought as the result of thtf demonstration of the Government’s ability and determination to maintain gold payments. It is difficult to say whether the security and capital move ment was in favor or against the Uuited States for the full year. Of the $62,300,000 of bonds taken by the Syndicate, one-half, as we know, was placed abroad, but a part of these bonds was subsequently returned to this country. In the early portion of the year, before the Syndicate contract, the flow of foreign capital was undoubtedly away from the United States; but in the spring and summer considerable purchases on foreign account were made here and some large loans negotiated in Europe ; this movement however was not folly maintained, and towards the close of the year, there is reason to think, the current was again reversed. But whether the net result for the year was in favor or against the United States, the fact remains that the excess of exports of silver, gold and merchandise for 1S95 was 135 million dollars less than for 1894, and was also less than in any other year since 1890. And the fact is a significant one. We show in the following the gold and silver movement in detail for each year back to 1870. 1 IHUS. 115 E x p o r ts . ...63.103,745 ...41,915.975 68.638.125 ...25.496. ------ 1.118 ... 43.149.001 ... 63,413,94 7 ... 3L.23l.739 ... l H . t m . t i 3 H 8,655.948 4,115,446 3.062,469 2.603.543 or E x p o r ts I m p o r t s .I m tK jr ta ( — ) . 10.430,661 +42.673.184 6,841.948 4-39.074.0J7 It, 113.290 i-57.524.H3 > 20,487,254 +4,958.864 7,422.8*16 14.348.781 23.676.09fl 11,629.655 10.477,859 78,7*57.iH1 73,644,608 60.398,620 4-35.726.286 4-39.065.166 4-7,555.643 4-7,362.983 1,8215*11 —74 .'5 . : » *. -70.682.239 —57,795,077 E x e r ts . E x c fto of E xp ort Im p o rts. Im p o r t^ — ) , *(+)or 27.846.083 15.259.199 +12.5*6,884 32.524,495 10.962,467 --21,562,028 32.<H8.709 10.068,714 --21.980,085 38.076,207 9.212 185 --28,804,022 29.577.981 25.889.567 25.122.736 29.336.929 16.200.252 l. 7 .1..-.52 12,983,142 17.063.274 7,830.998 8,517367 10.795.238 12.141,560 18,389.884 14.425,017 11,031,025 .8,595.645 .......... 4-21,746.986 4-17.342,200 +14.327,498 4-17.195,369 . *8,721,079 13,402,528 +25.318.561 17.317.055 9,098.885 6.048.770 22^066^961 -16,007,191 25.791.670 14.153,357 +11,641,313 ..40.948,246 - 27.957.657 +12,990,6*9 29.563.7*8 15,604,777 +14,058,971 11,417,207 23.642.826 -12,225,619 33,280,542 17.771.241 +15,509,301 -27,905 27.040.290 17.221.465 +9,818.825 , 4J.281.276 41.309.181 9,144,426 44.X80.209 -35.74 4.873 27.041.988 16.772,614 +10.872,374 3.565.676 29.8S0.404 15.9**7.969 +13.972.434 ..84,526.449 10.964j.773 3,928,827 40,691.230 10,219.262 +21,474,968 .. 60.933.460 12,004,633 ----------- ----------------+4.113,670 20.539,789--------22,426.119 ..24.063.074 20.230,090 +3.832,984 .. 79,086,581 44.970,110 +34.116,471 27,692,879 18.19 '.760 +9.500.129 92 ...... 76.532.- 56 17.450,946 +60.<H1.110 35.975,834 21.720.252 +14.249,582 INI...........79.W83.720 73.280.575 -+0,703, 51 46.357.748 27.7-5/06 +13.5H2 052 94. ...101.84W.735 2L 3'0/07 +8 *.♦119,128 47.245,807 17,633.694 +29/12.213 195. ...104.9d6.338 34.379,693 +70,586,645 54,201,604 23,883,60* +30,317,900 Note.—For y oars 1893, 1894 and 1895 the figures em brace gold and silver In ore; in the yearn preoodtng both wore tnoluded in tho merehandise movement. The gross shipments of gold in 1895, it appears, were nearly 105 million dollars, or the heaviest of any of the years given ; the imports, however (because of the Syndicate operations), were somewhat larger than in 1894, and hence the net shipments, as already stated, were only 70£ million dollars, against 80£ million dol- [V ol , THE CHRONICLE. 116 l x ii, Southwestern, roads and one or two of the anthracite l&rs, . The outflow occurred entirely in January and coal roads. Among these latter the R eading, with, the the last half of the year. From February to Jane, Coal & Iron Company, reports $290,999 decrease in net, inclusive, the gold imports exceeded each month the but this follows entirely from augmented expenses in gold exports. __________________ _ the closing month of the company’s fiscal year. R A IL R O A D N ET E A R N IN G S FOR NO VEM BER. Whilo our statement of railroad net earnings for Novembor does not show quite as favorable results a3 that f o r October, the gains are yet large. I q gross the in crease is $5,174,903 or SG'8 per cent, in net $2,612,196 or 12-80 per cent. This result is particularly gratify ing because in the South and Southwest some of the roads su-tained very heavy losses by reason of the re duced cotton movement. As an indication of the part played by the falling off in the cotton traffic we may note that the receipts at the Southern outports in No-yember 1895 amounted to only 871,414 bales as against 1,553,871 bales in N ivember 1894, and that the gross shipments overland were only 235,300 bales against 434,780 bates. It, is but fair to say, however, that our table does not embrace throe or four Southwestern roads which are known to have sustained particularly heavy losse--, namely the Missouri Kansas & Texas, the St. Louis Southwestern, the Texas & Pacific and the International & Great Northern, these roads never furnishing monthly returns of net. With them in cluded the final amount of gain would he less than it now appears, bat would even then be large. The fo l lowing la a summary for November and the eleven months. January 1 fa November 30 (128 road-9.) November. (1&9 roads.) 1805. 1894. Increase, 1895. Increase. 1894. 1 $ Gross earn's <14,085,301 58,0 L0,401 ©P«r. esrp... 41,086,05J 33,5*3,344 $ $ * $ 5,174,003 500,054,896 500,350,701 33.095,195 2.503,707 409.931,420 395,40*,055 14,625,365 S et earn’a 2+01P,258 20,407,03? 2.012,106 100,023,470 170,853,046 19,109,830 In the previous year our November statement had shown much better results than the months preceding. Rut nevertheless there was a lossdn both gross and net, and this lose came on top of a loss in 1893—-in fact in the case of the net there had been a loss in 1891 as well as 1893, as will appear by the following. number 0/ roads. Tear Given. Ooember. 1890 (122> mi 038) 1802 081) 1803 (181 1894 (14?) 1895 039} Net Earnings. Gross Earnings. Fear and M,7<S8,0S1 07,458,461 00,322,782 50,730,020 60.038,620 64,035,304 Increase or Preceding. Decreme. Fear * 54,022,831 02,515,840 65,120,848 02,143,840 63,037.016 58,910,1.01 Year Given. Tear Increase o% Preceding. Decrease, f t 1 l +2.745,838 19.710,150 19,863.993 —I f 7,813 +4,013,102 23,718,778 20,796,374 +2,923,404 +1,102,0-84 23.137.026 23,097,465 —558,437 —5,40 4,826 , 20,805,296 22,204,823 —1,899,527 -2,098,420 21.1H.091 21.830.S91 —516,167 +5.274,903 23.019,258 20,407,057 +2,612,196 Jan. 1 to JSfov. 80. 1890 a M L575,330,857 531,338,839|+43,901,218 1891 (133) 000,155,00? 032,688,05+ (-27,106,911 i s m in-,) o i m h .tu 047,105,743 f31,366.03S 1893 c m ) 52i,»*ia,08< 040,133,807 -15,272,820 1894 (ISO) 677,90 Vl ’ 8 ■)66,069,720 —.80,153,208 1895 (128) i500.t»54.8 J0 60.259,701 +33,695.195 191,761,4531183,371,227 217,128,250 2)3,291,499 222,901,773 219,8(0,256 109,382.190 207,50 *,743 172,589,818 202,943,182 190,023,476 170.85 ',*46 4-8,89i),220 M3.921,757 +3,121,517 -3,126,252 -30.353,364 +-19.169,830 ra tsciF ix changes is G llfJSS earnings i s N O V E M B B U , In creases. In crea ses. Pennsrlyanlti (5 r<is)l— $910,756 Northern C entral.............. $40,528 Wabash ......... 40,181 897,675 I Cllic. Mil. & St. Paul....... 36,830 PUH. <&. Read, and C. & I. 354,488 Norfolk & W estern____ _ 35,905 Buff. Roeh. it Pitta........... Ohtc. Burl. * Qutucy....... 349,252 34,779 Northern Pa TEA’............... 341,321 Allegheny V a lley ............. 32,892 Central o f -Vow J e rse y ... 228,091 V. Y Out.. & W estern___ 32,258 Canadian Pacific.............. 209,067 El. J o lie t * E a s t e r n ....... Illinois C entral................. 201.367 M obile* O h io................... 30,943 Burl. Ced. R. * No’ ii....... . 150,558 Ohio H irer.......................... 30,273 Minn. St. P. &S. S. M ..„. 148,737 Total (representing M exican Central............... 123,690 47 roa d s).............. $5,169,633 Chic. Burl. & North n — . 1 1 1 ,1 8 1 D ecreases. Southern Pue. (6 rds)---- . 104.648 Ateh. Top. & S. Fe (3 rds)$150,530 Balt. & Olilu (2 rd s)........ . 143.550 61,125 d ie s . <&Ohio..............----- . 92,736 San Ant. A A. Pass.......... Say. Fla. * W estern.......................... 56,799 Southern R ailw ay .......... . 86,736 84,9 35 Jack. To rnpa. & K ey W .. 46.458 Union Pacific (6 rds) . . . 43,311 Lonisv. & ................ . 83,570 , Oregon Irop't C o . - . . ....... 30,516 Nash. Cfcltt. & St, Tj ........ 82,383 Kan. C. Ft. S. & Mem . . . D earer & Rio G ran de.... 54,541 I Total (representing^ Rio Grande & West.........., 45,985 i 8 road s)................. $388,739 Mexieau Internat.'i.......... , 44 ,18 4 1 The cross on Eastern lines increased $411,737 and on Western. lines $194,989. MHNOIPAL CHANGES IN W E T EARNINGS IN N O V E <1 H E R . Ohio. Mil. & St. Paul....... $667,672 Union Pacific (6 r d s ).... 411,568 Northern P acific.............. 395,573 Pennsylvania (5 rds) f — 376,317 Canadian Paoiflo............ - 192,408 Illinois Central-........ ........ 176,628 Central o f New Jersey ... 171,6 T4 Chic. Burl. * Q linoy— 166,300 Chic, Biui. & North'll .. . 89,428 Minn St P. & 3. 8. M .81,540 Bur. Ced. R. * No _.......... 8 cl there Pacific (6 rds). Pin Grande A Western .. Cites. & O h io ....... .-.......... Denver & Rio Grande . . . Central of G eorgia------ - I n c r eases. Union P ac D our, & G-uif. $36,842 31,598 N. Y Oat. & Western....... Bonthern R a ilw a y ............ 30,989 Total (representing 33 roads) ............$3,133,120 D ecreases. Phil. A ttend, and C. & I . . $299,999 Atoll. T. * 9 . Fe (3 rds) — 239,120 Oregon Im p't Co .............. 68,772 56,925 71,4 17 San Ant & A Pass.......... 6 ',423 Summit B & L-ylsens V al. 35,251 L ouise. & N a s liv ............ 3 4,105 50,538 44,363 Total (representing 38,8'>5 10 roads) ..............$725,172 38,503 t TlieneU acraased $100,771 on E asferalinss and $ 2 7 5 ,5 4 6 on W estern lines. Arranged in groups the general showing is much the same as in the foregoing, the Northwestern group and the Pacific, group being distinguished for very excep tional improvement, the one having $1,093,918 gain in net or 44-47 per cent, and the other $1,033,772 gain or 26-17 per cent. In the Middle Western group the Illinois Central again has greatly enlarged its earnings, and as a result that group also has a heavy patio of increase— 20-24 per cent. Two groups have losses in net, namely the anthracite coal group, where the Read ing and the Summit Branch are responsible for the adverse result (the Central of New Jersey, the Susque hanna & Western and the New Y ork 0 utario & W est ern all having materially enlarged their earnings), and the Southwestern group, where most of the roads have fallen behind, noteworthy exceptions however being the Colorado roads, namely the Denver & R 'o Grande, the R io Grande Southern and the U aion Pacific D enver & Gulf . Gross Earnings. Section o r G roup. 1895, 1894. November. s * 1+638,751 5,922,641 1,859,445 4,230,270 6,212,240 5,0O9;O54 10,676,070 8,168,001 1,293,920 Trank tines,(13) 15,733,530 A-nthra. coa l.(7) 6,523.487 East. & Mid, (16) 2,052,585 Mid. West?n.(28) 1,817,STO North.westrn..(7) 7,018,516 South w est'n(ll) 5,msse Pacific Coast(l7) 11,414,467 Southern— (36) 8,911,296 M exican.......(4) 1,484.78? Net Earnings. 1895, s' 4,910,072 1.775,147 638,131 1,528,199 8,553,849 1,821,871 4,979,950 3.21+453 591,576 1894. Inc. or Dec. $ 1 4,517,830 +398,242 1,883,364 -108,217 576,017 +81,514 1,270,944 +257,255 2,459,931 +1,093,9 L8 2,036,764 —244,893 3,940,178 +1,033,772 3,106,025 +109,433 579,404 +12,172 P .0 8*81 5*75 10*67 20*24 44*47 S ime o! the spring-wheat roads of the N irth vest, as also trails Continental lines like the Canadian Pacific lies and the Northern Pacific, show very striking improve 26*17 3*49 ment in gross and net. The St. Paul has $067,673 2*10 Increase in net, the Union Pacific $411,508 increase, T ot,.(1 3 9 r’d9) 64,035,304 53,010,401 23,019,253 20,407,057 +2,612,193 12*80 the Northern Pacific $395,573, the Pennsylvania fan. 1 to Nop. 30 {Eastern and Western lines) $370,317, the Canad an Trunk iiinjs..U3i 162,432,910 148,939,970' 48,91.0,$71 43,038,759 +5,888,112 13*69 Pacific $192,408, the Illinois Central $176,628, the A,nthra.coal..(7> 61,533,417 58,700,220 15,168,337 13,84-4,594 +1,321,763 9*55 East. & Mtd.(151 21,892.844 19,619,589 6,91+053 0,391,17L +554,882 8*08 Central of New Jersey $171,674, the B irliugton & Mid. W est’n.(27) 44,417,835 40,131,810 13.783.437 11,017,823 -f-2,745,6f34 24*92 Northwesfc’n .(6) 65.671,532 83,618,893, 25,633,398 22,951,022 +2,682,308 11*69 Quincy $166,300, etc., etc. T ae gain on theU aion 8oufchwest’n (10) 51,727,932 50,333,388 13,581,301 13,283,843 2*20 +292,458 Pacific is largely the result of reduced expenses, as the Pacific Coast (10) 100,604,232 07,579,028' 36,703,917 31,547,511 15,159,406 16*35 South e r a ..,. (30) 75,685,832 74.872.087j 23,703,284 23,870,585 -604,301 2'S4 addition to tho gross was but $84,925. Tae losses are M exican.... ,.(4) 15,605,522 U,UA,078( 6,602,810 5,413,338 +1,189,478 21*97 not very numerous and come chiefly from Southern and Tot.. (128 r’ds) 599,954.896 586,259,701 190,023.476 170.853.646 W L9.t09.83O l7*32 THE CHRONICLE January 18, 1896.J TH6 follow in g t3 a list o f tfte roads included under each grouj* in the foregoing ta b le : P icm Coast { Con.) Trunk Lines. f WOOU Western (Can.) Onion Pacific—U. P. Ry. B, Jfc o „ East o f Ohio. led. ill. * Iowa. Ore. Sh. L. A Ot&G Nor, B. A O.. West o f Ohio. iron. Railway. St. Joseph AGr. Island, Cler. Cin. Chic. A St. L. ’ Kanawha A Michigan. Kan. City A Omaha. Peoria A Eastern. i Lake E. Alliance A So. Central Branch. Ac Grand Trank o f Canada. Lake Erie A Weat. Atch’a CoL A Pao. Chic. St Gd. Trank. Louis*. Ev&nav. & *5t. L. Detroit Gr.Har. A Mil. Loatsv. N. A. St Chic. Southern Rnads. Pennsyir. East o f P. i £ ; Manlstiqae. Alabama Great Soath’ n.t West o f p.tt*. St Sri0-1 Peoria Dec. A Eransr. Alabama Midland. Pitt*. Mar. A ChlcaKO. Philadelphia & Erie. Allan a A West, Point. Pittsb. Cin. Oh. A St. L. Pittsburg A Western. Branswiek A Western, Sag. T as. A Hur. Pitts. Y > jn n g s. St Ash. Sag Valiev A St. Louis. Carolina Midland. Wabash. South Haven A Eastern. Central o f Georgia.* Anthracite Coat Charleston A Savannah. Central o f New Jersey. IToledo A Ohio Central. Chesapeake A Ohio. N. Y. Ontario & West. I Tol. Peoria A W. Ode*. Ohio A Southwest. Wheel. A Lake Erie.! N . Y . Susq. A W e s t . Cin. A Ken. Southern.* Phila. St Re&dln*. Bari. Cedar Ran. A Nor. Gadsden A Attala On. Coal A Iron. Georgia. Chic. Bari. A North. Summit Branch. Georgia A Alabama. Chic. Bari. A Qaincy. Iflrkens Yal. Coal. Gulf x Chicago. am Chic. Mil. A St. Eastern and MvSdU. j aek. Tampa A K. W. Iowa Central Adirondack. Kan- City Mem. A Bir. Allesrhenr Yalley. Minn. A St- Loaf*. Minn. St, Paul A S. S. MG oexinsrton A East.* Bangor St Aroostook. U n u t h y m ic m . LoaiavUl© A N'asavt SnutAwiMem. nville. Bath A Hammonds port. Macon A Birmingham, Brooklyn Elevated. Atch. Top. A Santa Ye. Buff. Roch. a Pitta. St. Loan A San Iran. f Memphis A Charleston. IMob lie A Birmingham,* Atlantic A Pacific. Camden A Atlantic, Mobile A Ohio. Austin A northwest. Clarion River,* INash. Chat. A St. L a 's . Dearer x Rio Gr. Camoerland Yallev. Ft. Worth A Rio Grand a. JNorfolk A Weatorn. Hoosac Tan. St WU. Northeastern o f Georgia, Northern Central. Kan. C. Ft. A A Meat. “ hio River, Stony Clove A C. Mt. Rio Grande Southern. sOhio River A Charles, CUter A Delaware. San Ant. A A. Pass, West Jersev A Branches. Tex. Sab.Yal.A N.vVest,* i Petersburg. Western Mfi. Co. Pao. Deny, A Golf. |Rich. Fred. A Pot. . Rich. A Petersoarg. Western N. Y . St Penn. tfamm Cmut. *av. Fla. A Western. Canadian Paeific. H t i t l e W e ste rn . 1Northern Pacific. 1Si1v. 3 pg«- Ocala & Gulf.* Chic. A Weal Mich. Cin. Jack. A Mack. |Oregon Ira provem’t Co-* douthemRailway Western a t Alabama. Cin. Ports. & Virginia. |Rio Grande Western. Clev. Canton A Soath’n. ■Ian. Fran. A N orth . P ac. West Va. C. A P. :.Yrights v. A Teantlle. Dec. Laos- a Nor, ISO, Pacific.— 1 Gal. Har. A S A. Detroit A Mackinac. Htxzcan Roads. Marie Janet A Eastern, { Louis. Western. Mexican Central. flin t A Here Marq. } Mom tn's La. A T. Mexican international Grand Rapid* A lad. t N\ V, T et. A Ms*, i Texas A New omasa*. Mexican National. Hit eels Central. Mexican Northern. Indiana Dec, A W. I Pacific System. Norm western. t For mouth only. * W e include these Western fines in oar table by taking an estimate for IdJi on which to base fch# incrow ar tJetroxsc reported, for this year. A Study m Go vers men r Fisaxi :*.—Tae list number of the “ Political Science Quarterly” contains a meritorious paper on the Treasury Reserveand the Bond Syndicate G(> ra tion* of last year by Mr. Alexander D. Noyes, the Scaneial editor o f the "Evening Post” o f this city. The time is of course opportune for a discussion of that important event in the country’s financial affairs. But Mr. Noyes’s treati-e is something more than a mere sketch o f the Sy ndicate operations of 1593, with their attendant incidents and r Sect*. It is really a review of the financial history of the United States since the resumption o f specie payments, and this we regard as the most valuable pan of Mr. Noyes’s effort, for he has gone over the ground fully and yet briefly and to a careful ard conscientious way. Oar views regard ing tome of the occurrences of this period differ from those expressed by Mr. Noyes in his comments, but he writes in an interesting ard instructive way, and the paper is an able one. In connection with bis subject he has undertaken to examine three problems which have within recent periods been topics of controversy, namely the Federal law regarding the Gov ernment reserve, the true significance of the Au-trian gold purchases here in 1892. and the reason why the New York banks have stopped making settlements In gold. It is evident from the context of the a ritle that it was written before the events of December ha i again so deeply disturbed the financial situation and thrown all business in terests once more into confusion, But the paper is especially interesting in view of the subsequent developments. For Mr, Noyes shared the doubts so generally held by tboughtfui observers as to the permanency of the restorative work aceompfished through the Syndicate arrangement so long as Congress failed by proper enactments to remove the source and cause of our currency disorders. As indicating the gen eral conclusions w bich he has reached, the following extract may be taken: “ In 1893 the disease and the remedy were plain to the majority of educated minds; but it was equally plain that the remedy could not immediately be used and yet the patient could not wait, A quick and powerful palliative was applied, with a double hope: that partial re. turn of economic health would enable the nation better to endure another strain, and that, with lapse of time, return ing sanity in legislation would make possible the final cure. Whether the Syndicate experiment has accomplished more than this is a matter of great doubt; * * * * * unless the fundamental cause o f mischief is taken courageously in hand the country will probably enjoy only a breathing space.’ 117 MR. MORGAN AND THE BOND SYNDICATE. Tbe following is a copy of the circular sent by Mr . Morgan this week to the members of the Syndicate which had been formed to take the new issue of bonds to replenish the Treasury gold reserve before the announcement came offering the bonds for public subscription. “ 33 W a u l St ., N e w Y o b s Gt i y , Jan. 14,1896. “ G entlemen : In sending you formal notice of the dissolu tion of the United States Bond Syndicate in which you have co-operated, it is proper that I should make some statement showing why the Syndicate was formed, what action has been taken on its behalf, and why it is now dissolved, “ On the 331 of December last I was invited to Washington for a conference. Daring my visit there, as I have verbally stated to every one who has conferred with me on the subject, no negotiations for a loan were commenced or even suggested, nor was there then or since any agreement or request that I should take any steps preparatory to making a contract. “ The result of my visit was that I came to the following conclusions: “ (Li That the President and Secretary of the Treasury were determined to use every power at their command to restore and maintain the gold reserve. "(2 ) That no steps would be taken or even any preparatory negotiations commenced until it was ascertained what action, if any. Congress would be likely tojtake in response to the ap peal of the President for adequate and improved means for making such restoration. “ (3) Tnftt the Executive Department would prefer, if possi ble, to secure $300,000,000 of gold in order ta avoid any prob able necessity for a similar negotiation before the meeting of the new Congress in 1897. “ (I.) That it was absolutely certain that no adequate relief could be obtained from Congress, and that no bill could be passed through the Senate for the improvement of the mone tary system of the country. “ Upon ruy return, appreciating to the full the gravity of the situation and keenly alive to the fact that early action was essential, and in order that I might be prepared, if called upon, to act promptly, I took steps to ascertain to what extent it would be- possible to secure the co-operation of capitalists, institutions and others in forming a syndicate which would agree to sell to the United States Government $300,000,000 o f geld coin. “ In my efforts, while far from sanguine as to the result, the ready'acquiescence of James Stillman, Esq,, President of the National City Bank, New York; Edward D. Adams, E«q., with full power representing the Deutsche Ba> k of Berlin, Germany; John A . Stewart, Esq., President United States Trust Company: Pliny Fisk, Esq., of Messrs. Harvey I-'isk & Sons, aud others, to all of whom I atn deeply grateful, en couraged mo to proceed. “ The contract, as prepared and signed by the participants, did not stipulate whether the purchase should be by private contract or by publtc offer. The only proviso (in addition to the important one that no gold should be withdrawn from the Treasury) was that the minimum amount of the contract should be $100,000,000 and the maximum the full amount of participations, which might be secured before it became neces sary to act, not exceeding $200,000,000. “ The applications for participation far exceeded my expec tation*. At the end of three or four days the total of $200,000,000 was reached, and I had in my bands full autborily which would enable me, whenever and however the Execu tive might decide to acf, to secure that amountof gold for the Treasury reserve in exchange for United 3ta*es bonds. “ The participants may he divided into four classes : “ ( 1,1 Institutions, banking firm? aud others in Buiope who were prepared, if nee-saury, to shipilhe 'amount of their par ticipation in gold to this side. ••(3.) Banks, savings batiks, trust companies and private in dividuals throughout the United States in possession of the actual gold coin who desired to secure bond?, either for in vestment eras a basis for national bank circulation, “ (3.) Banks in New York, Chicago, Boston, Philadelphia, Cincinnati and other cities in possession of gold who, without necessarily desiring bonds for investment, were willing to aid in the movement to sustain the Treasury reserve, and ex change their gold for United States b rmds, expecting after wards to s-11 the same in the market. “ (4.) Institutions, banking firms and others, who, without being in possession of the actual gold, were willing and able to obtain that gold, at whatever cost, for deposit with the Treasury in payment for bonds, provided the movement con templated could be carried out, “ I may add for your information that the 3200,000,000 par ticipations were about equally divided between the four classes indicated. ** The formation of the Syndicate being completed, I com menced negotiations for the permanent placing of a portion of the loan by public issue in Europe, should a contract with the Government be made. “ The London market was unfortunately closed to us, owing to causes to which I need not refer. I therefore, through the Deutsche Bank, Berlin, and Messrs. Morgan, Harjaa & 118 the c h r o n ic l e . [V ol. LXII, “ Thanking you for the confidence reposed in me, for which Co ParK o w ned negotiations for public issues in Germany, I shall ever be grateful, Franc*-. Holland, Belgium and Switzerland, which negotia “ I am, Very truly yours, tions w w prac icnisv concluded, and had it been possible to “ J. P ierpont Morgan.” proceed further doubtless a very large amount tn bonds ot small denominations would have found a permanent place m Supplementary B ond Circular Modifying Terms of those countries, to the (treat advantage of every interest. ••After waiting a few Java for some announcement or invi P ayment .—The Treasury Department has issued a second tation from Washington, and realizing that every day s delay circular regarding subscriptions to the new Governtne nt loan. was fteriaiH in the face of the growing tension m financial affairs, on Saturday. January 4. I sent by messenger the fol The following is the text of it: T reasury Department, Office of the Secretary , 1 lowing letter to the l r. -i lent: W ashington, D. 0 ., Jan, 15, 1806. _ ( 310 Madison A v e n u e , New York , ) Treasury" circular (No. 3, 1896), dated Jau, 6, 1896, inviting “ January 4,1890. \ proposals for the purchase of one hundred million dollars i* To the P resid en t, W ashin gton , D . O .: ($100,000,000) of United States 4 per cent bonds, is hereby so ‘•Sit:: It is with great hesitation that I venture to address modified that, after the payment of the first instalment of 30 per cent, with accrued interest, as required in said circu you in relation to the present financial situation.^ “ As you are doubtless well aware, financial affairs are ap lar, the remainder of the amounts bid may be paid in instal proaching a serious crisis, and the tension to-day is extreme; ments of 10 per cent each and accrued interest, at the end of and whilst no outward evidences have developed, we are each 15 days thereafter; but all accepted bidders may pay the likely at any moment to reach the point and consequences whole amount of their bids at the time of the first instal which it will then he too late to remedy. The gravity of the ment, and all accepted bidders who have paid all instal ments previously maturing may pay the whole amount of their bids situation must be my excuse. ? ••The most important step at the moment is the restoration at any time not later than the maturity of the last instal of Government credit by replacing the gold reserve in the ment. . Treasury b yond question. This once accomplished confi Accepted bidders who pay the whole amount at the time of dence both at home and abroad in the stability of our cur the first instalment, or at any date thereafter, as above pro vided, will be entitled to receive, at the date of the payment, rency will he restored. ‘ “.After*tuy recent visit to Wasliingten I became convinced the whole amount of bonds awarded to them, and accepted that any legislative action to improve the methods at the dis bidders who pay by instalments will be entitled to receive at posal of the poe— . Executive was unlikely; . , in fact,. impossible. I the dates of such payments the amount of bonds paid for. J. G. C a r l i s l e , therefore took steps to ascertain whether it would be possible Secretary. to obtain the co-operation of parties at home and abroad to an extent that would enable me to negotiate a contract with the Government for the sale of 11,500,000 ounces of gold, approximating 300,000,000 of dollars, on aboutjthe basis of the IMPORTS, EX PO R TS AND IMMIGRATION contract of February 8, 1895. In this effort I have been suc FOR DECEMBER. cessful, and am now in a position to make such a contract The Bureau of .Statistics has issued a detailed statement of for the full amount. “ I do not hesitate to affirm, in fact to urge, that such a con the foreign commerce and immigration of the country for the tract would in every way be for the best interests of the Gov month of December, 1895 and 1894, and for the twelve months ernment and the people, and would be followed by less ending December 31, in .1895 and 1894, as follows: derangement of the money market, of trade, in fact of all in MERCHANDISE. terests, including foreign exchanges, all of which until T)pp . end. Dec. 31 • recently were in such an Increasingly prosperous condition, 1895.—Exports—Domestic.................. $91,109,784 12 mos.$807,775,849 and I urge your serious consideration of such a contract. At 17,120,673 1,455,719 Foreign................ the same time I recognize the effect of legislation which his $324,896,522 Total....................................... $92,565,503 been proposed and the discussions thereupon in both houses $384,774,367 Imports—Free of duty........ . $29,453,827 of Congress, all of which might lead you to hesitate to make 416,852,271 Dutiable.................... 32,753,530 a private contract and, consequently, in view of the gravity $801,626,638 . $62,207,357 Total. of the situation, I feel botmd to say that if, after a conference, in which I can more fully lay the matter before you, and Excess of ex p orts............................... $30,358,146 $23,269,884 without expressing any confidence in such a mode of pro 1894.—Exports—Domestic....................$83,661,053 $807,312,116 17,790,132 Foreign..................... 1,212,793 cedure in face of previous failures of similar attempts, but recognizing as I do that the responsibility of decision lies with $825,102,248 T otal.......................................$84,876,846 you, I pledge to you every influence and effort in my power $383,371,933 Imports—Free of duty........ . $30,745,718 to assist the Government in its endeavor to make successful a ' 292,941,008 Dutiable................... 31,389,713 negotiation hy public advertisement which shall result in the $676,312,941 .................... $62,135,431 Total. sale to the Treasury of 11,500,000 ounces United States gold coin (5300,000,000), and further I will, so far as I possibly Excess o f exports.....................................$22,741,415 $148,789,307 can, take such steps as will enable the Syndicate which I GOLD COIN AND BULLION. represent to join in making the negotiation successful to its ,1895.—E x p orts... $104,605,023 ................... . $15,481,347 full amount, 32,539,336 Imports_______ _ — ___. . . — . 1,311,048 “ Awaiting the indications of your pleasure, I remain, re $72,065,687 E xeessof ex p orts................. $14,170,299 spectfully yours, J. Pierpont Morgan. $101,819,924 1894.—E x p orts............ $9,802,339 20,607,561 Im p orts,...___ ___ _ . . . ____ 377,950 “ On Monday, January 6, the call for public bids for bonds to the event of §100,000,000 was issued by the Secretary of $81,212,363 9,424,439 Excess of exports. the Treasury. GOLD IN ORE. “ The amount of bonds thus offered made the Syndicate $361,315 $5,092 contract (owing to the minimum therein fixed) available only 1895.—Exports. I , 840,357 92,918 Imports.. to bid *for all or none.’ I should be unwilling to make such a $1,473,042 $86,826 bid under present circumstances, as I might thus seem to Excess of imports. $29,811 1,466 present for consideration by the S-. cretary of the Treasury 1894.- Exports---743,046 55,372 Imports...... the throwing out of smaller bids made, in good faith under a public call. The only emergency which would justify such a Excess of Imports . $713,235 ............... $53,906 course would be the failure of the public to respond to the SILVER COIN AND BULLION. call of the Governmeut, Under these circumstances I at once 1895.—E x p o rts........... ... .................... $5,159,537 $53,833,153 decided to dissolve the Syndicate. I I , 273,277 Imports.................... 870,759 “ It has, however, been necessary to delay this action up to $42,539,876 $4,288,778 the present tim», as every financial interest required the pro Exeessof exports.. $47,044,205 $3,691,288 tection afforded by the. knowledge that the Syndicate was in 1894.—Exports__ 9,824,408 Imports___ 788,010 existence prepared to make the loan a success under all cir cumstances ; but happily this necessity does not exist any Excess of exports. $37,219,797 ....................... $2,903,278 longer, SILVER IN ORE. “ The subscriptions by individuals and others, (including 1895.—Exports ..................................... $96,251 $368,351 Imports............. 1,210,472 12,610,327 many of the Syndicate whom I have encouraged to subscribe, from orien t indications, will insure the complete success of Excess of Imports ................................ $ t,114,241 $12,241,976 the i •u I therefore feel that the time for announcing the «$201,602 $620 dissolution of tie- Syndicate has arrived, and an official notice 1894.—Exports...................................... Imports........................... 929,628 7,809,186 to that effect has heen issued. Excess of imports----$929,008 $7,607,584 “ I fed perfectly satisfied that there is no question as to the success of the loan. a. Gold and silver. I desire to sustain the Executive to the fullest extent in IMMIGRATION, his endeavors to maintain sound currency and the credit of Number, Number. 11,032 the country, for which every loyal citizen should hold him in 1895.- Malos...... 186,252 7,132 Females.. 138,290 honor. Mv firm will gladly assist any party desiring to sub scribe under (he present call, and will join with those pre 18,164 Total. 324,542 pared to take any amount that may not be desired by smaller 8,306 141,057 investors, 1 feel sure, should it hereafter appear desirable to .394.—Males...... 6,471 Females. 107,926 make such a bid, that you will gladly co-operate with them in such action, either individually or otherwise 14,777 Total. 248,983 THE CHRONICLE. January 18, ISSjS.J STOCK EXCHANGE <;LEARING-HO USE TRANSACTIONS. — The aubj jiDed statement includes the transactions of the Stoc k Excnange Clearing-House from Jan. 6 down to and including Friday, January 1? : also the aggregates for 1895, 1894 and 1893. r r o o s s i o m s i a aoSA U W a a o o s a .— Share*, both tides.—. Cleared. Total Value. 1893_ S ITear. . . . . . 255,931,303 16,213,218.400 1804- Tear. . . . . . IH95- 187,511.500 12,129,041.000 J&mi&ry... February.. March. ... A p r il...... M a y ... ... Juae........ J u ly... . . . A twosi. . . September O ctober... November December 13.593,500 12*030,606 19.057,700 15,799.300 28*230,10$ 19303.100.000 17.365,600 1.101.300.000 . . . 22,270,100 1*457,975,000 W81.700.000 24.736^200 1,544400,000 «0,607,800 1.266,500,000 13.034.too !,235,000.009 24.734*800 1,645,7O0.0.H) \-i.U9AOO T e a r.... 2*4,700.loO 14,991,175.000 t s a s » a o x io « » ---------Balance*, one side-------- - Sheets 8,dares. Value Share*, dash. Cleared' * $ 21.781.500 l,4tiO.S63,000 32.HSW.100 77,715 11.053.500 872.270.000 2 t.SSi.000 78.819 1.003.000 997,500 1,493,(300 1.71O.5O0 2,070,1*30 3.151.900 2.345.900 1,975.200 2.712.000 2,107,20*:) 2.561.»G0 2.371.000 U.QMJ&i 63.700.000 55.000,000 85.400.000 91.300.000 102,9*10.003 111,500,0-50 182,400,300 127.800.000 148,IO»»,O00 113.800.000 91,100,000 129.600.000 1,183,100 1,133.500 1,926,400 1,899,300 2,157,200 1,514,800 2.101,100 1,993,300 >241.»J0 1,572,300 J,523,100 3,188,500 316,600.500 22.281.200 6,4? 4 5.5U 6,540 6.434 7,391 0,402 8,«3S 6,792 6.75 7,387 8,168 8.879 79.83 -— Shares, Ooih Bidet,—a — — Balance*, one t i c k ------- aSheet* QUared, Total Value, Share*. Value Shares. Qaxn Cleared S S Jao, 6. . 836,200 53,200,000 f 7. .1,098,100 63.400,000 ” 8-.. 890,300 52,900,000 “ 9 . 632,901 37,600.000 M 10 .. 627,300 37,300,000 9t,»00 n s ,700 89,1 0 75.000 73,700 2,600.000 87,000 6,100,000 172,100 4.6O0.OO0 78,700 3.700.000 57,800 3,900,000 56,900 319 3 It 318 292 300 Tot. wfc 4,135,100 241,400,000 148,200 22,900,000 452,600 1,573 Wfclaatyr2,975,900 207,500,000 233,100 14,200,000 404,700 1,173 77,300 4,500,000 72,200 J an. 13 770,400 52.100.000 330 000 70,200 3.600,000 58.30 i 11 1 4 .. 591,300 37.000. 3 .2 « 15 . 572,900 33.100.000 05,300 3,200.000 42,300 314 000 61,500 3,200.000 53,800 « 18.. 592.000 38.000. 295 51,300 2,800,000 85,200 « 17.. 539.000 34.700.000 299 T o t wk. .3,088,600 195,200,000 Wklastyr3,078.4OO 218,800,000 320.000 17,300,000 289.800 1,550 233,400 15,000,000 353,600 1,454 The stocks cleared now ar© American Cotton Oil com non. American Sugar com moo, A m edcm Tobacco common* Atch ison, Central of N. J., Chesapeake Sc Ohio, Chica 0 Burlington Sc Quincy, Chicago <* 18 , Cmcago Milwaukee Sc St, Paul com mon. Chicago Sc North Western common, Chicago Rock Island Sc Pacific, Delaware Sc Hudson, Delaware Lickawanna Sc Western, Distilling Sc Cattle Feeding, General Electric, Lake Shore Sc Michigan Southern, Louisville Sc Nashville, Manhat tan, Missouri Kansas Sc fex m preferred, Missouri Pacific, New York Central, New York Lake Erie Sc Western, New York Sc New England. New York Ontario Sc Western, New York Sus quehanna Sc Western preferred, Northern Pacific preferred, National Lead common, Philadelphia & Reading, Southern Railway common and preferred, Tennessee Coat Sc Iron, Texas Sc Pacific, Union Pacific, United States Leather common and preferred. United States Rubber common, Wabash common, and preferred, Western Union and Wheeling Sc Lake Brie com m on* i > X o t t e t a t ;H s C a m m e v c i i i U ? n g U s l i l l e t D 5 (Prom onr own oorrespondoBt-l London, S aturday . Jan. 4.1896. The city waa startled on Wednesday morning by the new* that Dr, Jameson, the Administrator of the Chartered Com pany o f South Africa, at the head of seven or eight hundred armed meD, had invaded the Transvaal. The Stock Exchange was closed on that day: but in other parts of the city the news was received with grave anxiety. It had been known for a oonsiderabie time that there was universal disc intent amongst the Uitlanders, o f foreign settler#. They are excluded from all voice in the management of public affairs; they complain that the Government is corrupt, that it is constantly invading their rights, and that even in sueit a matter as the police of Johannesburg they are not afforded the protection they are entitled to. Naturally there is a large number o f bad char acters to Johannesburg: and it is stated that street robberies and outrages are frequent and that sufficient redress cannot be obtained. But although there has been much agitation, the general opinion was that no rising would take place. Such immense properties are at stake that it was thought that all leading persons wonld exert their influence to maintain order and that President Kr ger wonld grant reasonable concessions. The invasion by the Chartered Company's forces changed all this. It was naturally assumed that full preparations had been made and that Dr. Jameson would not have entered upon a filibustering scheme unless he was sure of success. The Colo nial Secretary acted with great promptness. He sent out orders to stop Dr, Jameson; he called upon the High Commis sioner to enforce those orders, and he instructed the directors of the South African Company to proceed promptly, Mr. Rhodes the Cape Premier, also exerted his influence. But Dr. Jameson, though these messages reached him, refused to 119 obey. On New Year’s Day a battle took place between Dr. Jameton’s force and the Boers, and according to the latest in telligence the former has surrendered. How it will all end nooody can foresee; but it is evident that the difficulties already existing have been greatly aggravated. Naturally this event has thrown all other matters into the shade. The event, too, has excited much indignation all over the Continent; and it is unfortunately clear that the embar rassments of our Government in every direction are in creased. During the last four days of tbe old year the borrowings at the Bank of England were very much larger than had been expected. Of course they were due to very temporary causes, but stilt the fact has created some surprise that about mil lions sterling were borrowed by the open market from the Bank. Almost the whole of this sum will have to be repaid within eight or ten days, and to-day a million sterling of Treasury bills placed at the end of last week will also have to be paid for. Apparently therefore over 8 millions sterling will have to be transferred from the open market to the Bank of England. On the other hand, the interest on the national debt will be paid on Monday, and the joint-stock and private banks which usually call in money at the end of the year are now lending freely. The general belie £ is that the sums due will be paid without difficulty and that rates will continue low for a long time to come. In the tJver market there is scarcely anything calling for notice; but the India Council continues to sell its drafts won derfully well. On Wednesday it disposed of the whole fifty lakhs offered at rather more than Is. 2d. per rupee. Dr. Jameson's action following so closely upon President Cleveland’s Venezuelan Message, as that had followed so closely upon the Armenian massacres, has utterly demoral ized markets. On Wednesday, when the news of the raid was rect ivt d, the Stock Exchange was closed, which probably pre vented a panic. On Thursday morning all departments opened flat; but an hour or two later buying upon a great scale took place and there was a general recovery. The greatest recovery was in South African securities, but there was a considerable improvement also in the American market. At the present moment, in spite of the„very grave news from South Africa, there is a less alarmist feeling than might have been looked for. It is hoped that President Kruger will show a more con ciliatory spirit than heretofore, now that he has asserted his authority. It is likewise hoped that Mr. Chamberlain will be able to bring about a better state of things. Sir Hercules Robinson, the High Commissioner of South Africa, has been instructed to visit Pretoria at once, and it is believed that he has already started. Meanwhile the general public is holding aloof from all d epartmentsof business. But great capitalists are buying. They believe that thodifficulties of all kinds will pass away and they thert fore think that the present is a very favorable opportunity for investment. But small people are too much alarmed to deal. In the American market there is a fair amount of arbitrage bu-iui ms but the general public hold aloof. The appointment of the Venezuela Commission has made little impreasioD, none of tbe members except Mr, White being known here, andcon3; quently the public is unable to judge whether the appoint ments are good or bad, or what is likely to be the nature of the report. Ail that seems certain is that while the dispute lusts the public will be afraid to deal, and that therefore the London mar Bet will count fer next to nothing in regard to American securities. Nor is it likely that there will be much investment here in international securities. Unfortunately there is a very hostile feeling toward this country upon the Continent generally, and that being so investment in Conti nental securities is not likely. The general impression just now is that British investment for some time to come will be almost entirely confined to British, colonial and South Afri can securities. The bank dividends so far announced are fairly satisfactory considering bow exceedingly low rates have been during the past half-year. Broadly speaking, they are at the same rate as twelve months ago. The rates for money have been as follow s: Interestallowed OvenMarket Bate*. J deposit*by trade- BUM. Bank BVia, nuc’t if»«J o in t Thru Four Six Three Four Six Stock A t [7 to 14 Month* Months Month*Month*MonthgMonths Bank*. Gall. V e n n , H - i a - i e IB -V i-H m i X X H i m a i x m x 1J4@1 X H 1 18-16 is-ie-R i m i m m m X X M 1 I 1 H 154®1* i m m IH X H ix m % X U4 m m x W @ IH X X M m@z 1M ix m x tm tH iX ot * | Dec, 6 8 18 2 20 2 27 2 J ail. 8 2 •* «• * THE CHRONICLE, 120 [V ol. LX II, The imports of dry goods for one week later will be found Thu litnk rate of discount and open market rates at the in our report of the dry goods trade. chief Continental cities have been as follows: The following is a statement of the exports (exclusive of specie) from the port of New York to foreign ports for the Dec. 13 Dec. 20 Ike 37, Jan U4ti4 af week ending January 14 and from January 1 to date : (nitteH at Barilo. .. . H am burg.. Frankfort.. Aaa«t©r<l*ta Brussels .. ... Vienna. .. ... St. Petersburg Madrid . • CoD-anhagen. . Bank Bite Bank Optt Markti % 124 i *K 4 3 4 »M 2 1% m 5 2 4 4 4 ZH m 5 AM m <24 0% m Bank Ope t. Bank Open Bat*. Marin Bate. Market 2 m 1H 1% 2 4 4 SW m 4 4 ski m m 4 4 tx m 2)4 m 124 1H ss« 2* iH •m m 4% 6 m i>6 5 m m w 8% iX *H 4H m 3% 8% 8* SH m Open tfar*- m 3K EXPORTS FUOM SEW TOBK FOB IBB WEEK. 25.918,775 6,598,903 38,198,631 14,089,099 24,025.528 23,972,304 33,091.079 53 5-10 26,4*,8>425 Public deposit*.................. Other deposits ........ ......... Government securities.......... Other securities .................. Reserve of notes and coin... Cols & bullion, both departm’t* Prop, reserve to liabilities. ,p. c» 9,931,220 58,520,619 44,930,164 33,985,875 85,291,031 41,930.050 53 B ank rate . .................p er cen t. 2 Consols, %X per cent......... 106 9-l6d, Silver .......... ................... .... 30&d. Clearina-Honse returns......... 178,975,000 2 25,748,110 0,237,235 31,152,556 10,387,433 29,384,504 15,551,479 24.840,589 41 7-10 3 98 11-lGd. 25,898,420 8,177,402 34,019,255 15,055,983 30,195,125 14,924,387 24,372,807 35 8-16 8 98 S-10d. 103 18-ied. 88 3-lOd. *27 7-26d. Ol^d. 180,319,000 156,323,000 165,532,000 * Janaary 3. $7,110,450 $7,616,723 $9,538,642 Total 1 week... $7,439,461 $7,110,450 $7,616,723 $9,533,642 The following table shows the exports and imports of specie it the port of New York for the week ending January 11 and since January 1, 1880, and for the corresponding periods in 1885 and 1894 : EXPORTS AND IMPORTS OF SPECIE AT NEW YORK. Exports, Since Jan, X, Week. Germany................... I West Indies................1 Mexico............ ..........i South America...........1 Allother conn tries..! 1895. 1894. Im p o rts o f w h c a t,e v t 2 3 ,0 S 6 ,9 6 0 1892, 1893. 22.243.812 21.471,707 23,711,669 12,000,361 7,640,238 5,211,453 4,371,322 954,002 927,820 1,624,943 1,576,728 9,547,838 10,516,093 6,935,043 7,497,505 Great Britain............ 1895. 1894. 1893 Wheat lmported.cwt.23,086,960 22.243.812 21,471,707 6,613,934 6,915,043 Import* of flour........ 6,430,900 7,421,449 8,631,709 Bales of home-grown. 5,315,836 Total.. ........ 34,833,696 38,279,095 37,038,459 40,433,305 1895. 1894. 1893. 1892. Aver, price wheat week,25s. 0.1. 20s. 94. 26.1. 6d. 25s. fid Average prioe.soason..21s, 7d. 19a. 6d, 26s, ILd. 25s. 04 ^ Sat. Mon. Tues. Wed. 30»,8 106% 106% 101*30 15 54*4 15% 698, 94 144 442fc 66 11% 99 14% 69 13 *8 63, 11% 52*3 S0% 1067q 10678 01*4715 15% 55 15% 71 94 % 147 ■ 46% 66% 113l 99% 15% 70 13% 7 12% 30% 107j4 1076,* 01*57^ 15 55% 15*9 71 96% 148% 46% 67% 11% 100 15% 71 14*4 8% 27% 3% 16% 28% 3% 16\ 93 142^ 43 % 65 10 % 98% 13% 63% 13% 11% 518, 1% S% 25is 3=8 16% 53 4% 9% ' 1st assessment paid. Thurs. Fri. I mports and E x p o r t s f o r t iu s W eek .— The following are the im ports at Ne w York for the w eek ending for dry goods J ifiuary 9 and for the week ending for general merchandise January 10; also totals since the beginning of the first week la January. I-OBBtON IMPOSTS AT MEW TOBK. Dry Goods. ... GeoT mor’dise. 1893 | $1,145,453 10,016,440 1894, | $2,428,818 6,699,382! 1895. 1896. $3,952,537 5,698,104 *8,183,076 7,754,890 Total.. . . . . $11,161,8931 Since Jan. X. Dry Goods....* $ 4 , 146, 153 ! Gen’l mer’dlse. 10,010,110: $9,128,200 $0,650,041 $10,937,906 $2,428,818 6,699,382’ $3,052,537 5,698,101 $3,183,076 7,754,810 Total 1 week... $9,128,200 $9,850,641 $10,937,960 *14,162.893! 109,195 2,595 2,595 $52,944 *161,919 11,115 31,478 27.^95 143,151 Imports. Week. Since Jan.'T. 2,183 1,080 $11,480 $11,480 4,500 485 4,500 435 430 5,540 36,702 5,540 $996,432 $1,305,929 688,510 1,190,158 802.786 1,728,196 $17,500 21,486 2,813 *53,722 75,804 74,787 LS.XJ TVVVh, AAA AvvO ipiVjUuO ^ LU UlAl LU|J 4 VTv l V January.... February... March.. — April May . . . . . . . J u n e ........ July ... .... Aujfust...... September*. October . . November.. Deoember.. General Dry Goods. Merchan dise. t $ 17,660,312 13,904,977 13,384,847 13,029,768 8,249,450 7,924,220 14,537,357 12,313,900 14,762,348 9,903,819 8,402,932 12,023,296 28,777,708 21.87S,030 31,998,988 31,720,233 82,307,788 30,778,523 33,475,440 31,594,954 26,935,534 39,072,109 31,123,369 27,703,724 1894. Total. $ General Dry Goods. Merchan dise. $ 46,438,020 8,976,930 38,888,007 8,355,097 45,383,835 7,561,718 44,756,001 8,044,053 40,557,238 5,013,252 38,702,742 3,701,397 17,012,801 7,891,356 43,938,854 7,420,901 41,697,882 8,782,959 43,975,928 9,023,960 39,586,301 6,076,454 40,326,020 12,372,2 M Total, $ 26,993,965 23,821,975 35,517,997 29,239,64 6 30,257,420 27,447,542 34,3^7,909 20,881,736 23,472,953 28,494,06 > 27,083,885 33,246,187 * 35,970,895 32,177,073 43,079.715 37,284,299 35,270,672 31,148,939 42,279,325 34,282,064 32,255.912 38,516,622 38,100,339 45,618,471 7,510,817 10,034,765 10,299,018 9,756,892 9,299,378 7,703,431 8,819,902 5,181,443 0,175,579 8,723,355 9,692,000 8,229,310 6,709,717 7,433,102 30% 30^4 I07l3lf 1073g 10?i%e 107% 01*52is 101*60 147g 55% 55X 15% ] 51* 70 \ 70 97% 97 148 148 45% Total*,. 146,847.226 309,360,405 816,213,631 93,220,981 347,825,984 *41,046,925 68% 683* 11*4 11% SXPOKT8 FROM NEW YORK. CUSTOMS RECEIPTS. xl00 993* 15% 1534 Total Merchandise. At New York. 71 72X Month Month. 14 14 1895, 1894, 1895. 1894. 7«g '7*4 12*fl 121* 1238 i ? $ 53X 53 ®8 5334 Jan uary....*,,,., 28,889,726 30,037,691 January,..... 12,818,691 8,315,055 4 I4 4*4 4M February.,........ 23,021,575 27,394,451 February............ 9,342,283 7,424,174 9% 9U 90g March.......... 27,804,407 31,301,980 March— 29 28% 9,798,203 7,448,490 28 A-prll...... . . . . . . . 26,157,980 27,990,388 A p ril,*............... 3% 37g 4^e 8.825,022 6,733,598 16% 17 May ........... 16% 28,063,178 28,086,944 M a y ................. 8,104,105 6,238,318 ©smnxevctalaua HSUscellameaus For Week. $50,129 220 1895. Month. E n g lis h F in a n c ia l H a r k e i i - P e r C able, 309,8 108% 106% 01-27% 141* 537s 15 oa% ¥50,129 IMPOSTS INTO NEM TOBK. The daily closing quotations for securities. &e,, at London are reported by cable as follows for the week ending Jan. 17: London. 3,600 33,600 American gold coin and §50 American silver coin. Oi the exports during the same time §144,600 were American gold stocks on coin. Foreign Trade of New Y ork —Monthly Statement,—la addition to the preceding tables, made up from weekly 1892 23,711,669 returns, we give the following figures for the full m onths, 7,497,503 ilso issued by our New York Custom House. The first state » 9,224,191 uent covers the total imports of merchandise. Supplies available for consumption (exclusive of September 1) Silver, per o t .............4. Console, new, 2 \ p, ots. For aooount................ FFek rentes (in Parlelfr. Atoh. Top. A S. F©........ Canadian Pacino........... Chesapeake <fc O hio..... Chic, fcilw. A 8t. Paul,. IUlnola Central............. Lake Shore.............. Louisville & Nashville,. Mexican Central 4b....... Mo. Kan, & Tex. com.... N. Y. Central A Hudson N. Y, Lake Erie A West. 2d consols.................... N. Y. Ont. A Western... Norfolk A Weet’n, pref. Northern Faolflo, pref.. Pennsylvania................ Phil. A Bead,, per shore Southern By., com ...... do p refd ............. Union Paeltlc.............. . Wabaab, p re f.......... 12,000 *989,261 $1,299,864 Total 1896.......... Total 1895........ Total 1894.......... ' SinceJan, 5. 33,600 Total 1898 ........ ' $4/36,883 $5,048,925 6,553,336 Total 1895.......... 2,099,300 To.;al 18P4 ....... 212.946 217,146 Exports. Silver Week, Since Jan. 1. Allother countries.. Barley.........................10,419,270 12,198,865 Oats............................ 4,928,840 5,237,457 954,798 Peas............................ 1,068,350 1,554,894 Beans......................... 1,343,810 Indian corn............... 13,636,980 7,350,192 6,613,834 Flour................. 6,430,900 Imports, Week. 3,991,283 ¥5,011,825 The following shows the imports of cereal produce into the West IncUee.*.-........ United Kingdom during the first seventeen weeks of the season, South America.......... compared with previous seasons : IMPORTS. 1896 $7,439,481 The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols, &c,, Gold, compared with the last three years: i8sa 1894. 18l>5. iwe. Jan. 1. Jan.£2. Jan.& 3. Jan.£4. Great Britain............ ! France........................ 1 Circulation .. . ............... 1895 1894 1893. Forth© week.. Prev. reported. June........ J u l y .,................ A-UKUSt.... September......... O c to b e r............ Novem ber.,. ... , December . . . . . 25,835,667 25,813,459 20,485,213 26,573,600 31,776.858 29,728,271 33,106,201 80,032,589 26,338,424 29,323,41? 26,397,471 27,489,6?6 27,630,023 23,610,146 T o t a l ____ ... 332,330,331 340,638,110 J a n © ,.,,.......... . Jui^ ....... ......... A u g u s t.,. . . . . . . . Septem ber...___ O ctober.............. Novem ber.. . . . . . December........... Total .... ... 112,013,107 88,365,401 me semi-annual statement of theUfiion Discount Co. of London has come to hand, and may be found at length in anothei column. The gross profits for the half-year ending December dt were 1517,792, from which a dividend at the rate of 9 per cent per annum was paid and a balance of §112 667 carried forward to next account. The card of the Union Dis count Co, is published regularly on the second page of the Chronicle , and gives the rate allowed for money, being kept revised by cable. 1 9he Chase National Link has removed to handsome quarters m the new Clearing House building. THE CHRONICLE, J anuary 18, 181/6. j M re u d a tu tia F i g u r e s B r o tt g lil F r o m F a « e 1 4 6 . —T h e sta te m e n ts b e lo w a r e p r e p a r e d b y n s f r o m Che fig u r e s o f th e N ew Y o rk P rod u ce E x ch a n g e , W e fir s t g i v e th e r e c e ip t s 1.1 W e s te r n la k e a n d r iv e r p o rts , a r r a n g e d s o as t o p re s en t t> e c o m p a r a t iv e m o v e m e n t f o r th e w e e k e n d in g J a n . 11, 1996, a n d s in c e A u g u s t 1 . f o r e a c h o f th e la s t t h r e e y e a r s : —The Gallatin, Market and Fulton, Central, Mercantile and Second national banks and the Bank o f the State of New York, advertise in to-day’a Chronicle the names of their newly-elected officers and directors. C it y R a i l r o a d Oats, Barley. Receipts at— Fleur. Wheat. Com. BblsAmhs’Bush.60 lbs BushMlb* 3ush.S2 lbs Bush.48 It- Bu.l 6 Ibj. 4S.fUtfl 1S2.707 1,545,157 1.383,020 26.18a £8.130 73,500 M ilw aakee., 117MO 46,800 126.000 108,800 6,000 13,821 17.620 230,010 3,670 D altsih ...... 3,824 2.5S2 3,150 SiO 20,005 5,700 2,012,010 60,9.0 18.511 10,911 109,148 27.COO 41.505 38,640 188,000 36,078 5,379 238,950 337,050 28.900 6.1.0 20,536 9 875 128,500 285.650 14,005 151,847 87.&05 215,497 2,043,145 1.390,7^ L S t8 .»2 3.009,075 2,251,035 3,809,032 1,095.014 1,722,277 1,^9,344 MlnaeApoIia. T o le io ......... D e tro it. . . . . . CUTSlAnd... St. E oats..... P «o ria .. . .. Kansas City. Tot.wk.TO. Same wk,'95. S tme . C M . 1. 95-96 . . .. is a i-n s .. .. 1893-91 .. .. Since Aa*j. 10,400 37,500 95,9)0 GMIMl m % The receipts of flour and grain at the seaboard porta week ended Jan. II. 1896. follow: 37.672 2.310 Philadelphia...... . 221.061 i . 15 v* 20.1IH TBjm 2,001 U,t«8 Baltimore........... . ItiCbCHODd........... New Orleans......... M,*9© U,58® £1,4*6 2*$#Q0 m tjm 2&.IV* Total week* 140.529 bush, R if. ll.iSt u.sea 7.782 1.M i MS m&jk-i, 222.007 dfci.es? 467 A63 751.503 11.200 10,000 12.515?I IMLM lot. IS3 12.701 12.043 7.240 The total receipts at p>rts named in last table from Jan. ] to Jan. 11 compare as follows for four years: “ tmb. tm.bm l.fi*,44* %mgm tb, iw W 0 .s u ’ - &r~~ ism.47 mzjt- 1808, «t- 8,518 1,860.456 #34.146 " 1,100.820 .868 l . f 13.659 303,121 16653 4 m TM0 Touts arr&ta........ $/)70,t7Q 9,907*900 3.14i m The exports from the several seaboard ports for the wee k ending Jan. 11, 181/6, are shown in the annexed statement Wheat, Bxmrt* from— bush. Sew TorJc..... . . . . . . bt-4Mt Bmion ........... M M 2 Portland .... . . . . . . . 7j e t SeJiimor#.. ........ . . . . ... 31.425 New Orlesta#,. .... .. 8A$e7? Norfolk ...................... . . . . . Newport Now*.. . . . . ......... Montreal .. . . . . . . . . . . . . . . . . T otal week time Com, bush, m i,m i n jm m.M& n&®m ffl& M im tm Mmr, bbU. i,7i M b 44,429 9M& tu u rn.rnt mt im jm *Wm $ m n ,$ m Mn/m M lM l Ryr, bush. IMS* m,mb 7.462 13,057 4,451 172,370 MM0 Do a4 o«t,.... .. ,, , t>0 A d ",L ... 256.000 Chisssso .... .... . . . . t>j *<lo»t.. . M llw * a k «............. .. 440.00® f,)o mftom.... 178.00® Dnlat® ................... 8378,W Bo btlomt__ 512,000 Tot*#© ... , ...... Do afeat...... Detroit.,,, a&»,wm 86. Oomto, .. 1.420,000 Bo *6 oat,..,,. fMn jiaaaiU.. . . . _____ 44,000 Skmum-........ .1,3-45,0©© Tor mm,. . M&mmmi., _______ _ PhttAdteipbta......... i ___ _______ f|/400 iftU City.. ..., MitmmmM....... ti.bQO Ob itilMsimippi Jtirtr. On L%hm„ .. ....... 0 o ©§0*1 Mid river,, 11, .*.\045i,6®0 i. WW6 To-t«a - : IT? .*0.615,000 5 fca. t# .1891 Jbh 43*39)0 T©ui 4«Hx 1 *. . tomii Com, 1.525.000 70O.OOO 2%W1 204000 tn.we td jm 55,000 3,00® tm,O00 mfjm E5.O00 Oats. bush. 1,631.00® 8X4,000 ai 6.000 #43,000 uoo If© ©00 I76.00»j Bm, bush. 23,000 441,000 243.000 it?,$90 Y Mh I Andnoertusl interMt. G A S C O M P A N IE S . Bid. People’ s (B rook lyn )____ 100 Peoples’ (Jersey C it y ).... 170 Metropolitan (B rooklyn) 230 WHUam ah n rg .................... i f 1st 6a............. .................. 100 Fulton M nnleipal. . . . . . . . iosT Bonds, 6 a........ ............... 105 227 E oul ta b le.. . . . . . ___. . . . . . 197 Bonds, 6», 1 899...... . 100 70 S t P a u l........................... . '9 0 *1 Bonds, 6 ».......................... l§85 70 H Standard p ref............... 103 V. :ns C o m m o n ..........___ . . . 80 V 1 83 S SO W estern G as............ Bonds. 5 a ........................ ' W V A ik , I ? r 202** 107*3 11 105 68*3 00 90 * K* rljlit*. ih a r tt. 66 The Cummings Minins A Milling Machinery Co., I Shares. | 185 Keely Motor Co............. 1932 Ki elj- Motor Co. of Now « 2-8,000 346.000 70.000 l.» f 5.000 304.000 24.000 Shares. 330 Hudson Co. (la* I.. C o.210 107 First St- Jik. Hoboken, S . J .................. *25 7 3-5 Nor. Hud Co. RK. Co TIH 110(14 Follows Hail, H o boken. S. S............ 41 10 «>»t* rru*t Co............... I!*'J 333 Phenlx Sat. Bank.......104 HI U. M ore .k Tr. C o ...205% 100 Union l orry (Jo............ 67% 65 John K. W illiam. C o... 51 20 Oriental Bank............. 200 5 N, V Mutual G»a L.Co .221 3 156 1,280 817 3 Eng., (orders for).$0'25 p. sh. Bonds. *11,00O Atlanta A Chari. A Ir Line By. i«t*. s ,l« 0 7 , J.& J. 1173,-118 $5,000 Atlanta A Chari. Air Ll> e By. 6 m e., 1900,A .A O . 99% 39,000 w jm 123.000 “j’4,000 676,000 i i .000 u&oStl ! i.OOO 3i£00© ’ $j$@0 .U8.000 #10,000 Ctuolina Cent. KR. 1st 6a, 1920, J.& J . July, l a 'l l , e.oupoila Oh................. 51% #5 ,0!,(> Black Diam ond Coal & Coktu/r Co. 1st 6s, 1914, J.A J ....... .. . ..................... 56 $11.000 Geo. Midland & G ulf RR. 1st Is, 1920, J . A J . July, 1894, coupons o n ....... 30% #5,500 Geo. Midland & Gulf KR. 4 (>. o. Inooni., 1 0 2 6 ..$ 1 2 lo t #3.000 Co lamb us A Toledo RR , 1st 7s, 1908, F. A A .. 118% $4,000 Town o f Harrison, N. A X : Juiy,1887, coupons on 5 $10,000 Kewaunee Gr. E. A West. liK . bon ds................... 40 #27,000 Winona A 8. W. KR. Co. b o n d s .......................... $11 lot $6,200 St. Louis Ore A Steel Co. Incom es........................$5 lo t § hh M h 0 aucl Jftuim ciitl. Spencer T r a s k & C o ., BANKERS, 27 A 3 9 F IN E S T R E E T , - - NEW YORK. 65 Stale Street, Albany. 'fc/.odd S#,«M 174000 Bonds. $5,000 Virginia & Tonn. KR, ext. l»t 6s, 1900, 1 , U ...100% S. J. Zinc A Iron C o... 82 Caj (Igii AHi/wt- KR.Co.133 Laekawan. Store Asso. 80 st, imp 5s, 1911, J.A J.105% Lack. Iron * Stool Co.. 05 $30,000 Kansas City (Mo.) 276 Aosonta Land Se Water Times Newspaper Co. 1st Pow er Co...... .............. 90 6s, 1800, , r * J ................... 17 200 Tredegar C om p a n y .... 25 20 o Hickson .Manuf g C o ... 10 $10,000 PlttsU.Maiton A Chi 833 St. Lo. Ore A Steel Co.$4 lot cago Ry, Co. lets, 1917, J. H?,twd 29.000 1t»,MO0 130.0*10 IN V E S T M E N T S E C U R IT IE S . S amuel D. D avis BANKERS, iiu.Vw & Co.. NO. 40 W A L L S T „ N E W Y O R K , ’ tkw o 0,|I 4..H n.*' U,-- IIS <U 8 103 345 355 103 310 825*" 65 55 §115 117*8 71 68 16 ^ 1 6 1* 11134 112 103 H 104 155 148 i w “ §106 108*a 103 195 s o r 173 175 115 300 100 io'5*' 95 100 §102 W * 104*3 §100 101*3 By Messrs, Adrian H. Muller & Son: 331.,201 1,174.000 bt,om m sm 113,00® ! Bid. Aak- S A B C O M P A N IE S . B ro o W p p a . L i g h t ......... 150 1150 Conrdincrs' (je r s e y C ity}* j 74 Bonds— . . . . . . . . . . . . . . . . Oittjeus' (B ro o k lyn )........ Jersey d r y A H oboken.. ilSO Metropolitan—Bonds........ ’ 106 M u tu al,N . ..................... i223 Naftsaa (B ro o k lyn ).......... < ......... ..................... . P N . 1'. A E ast R lr. US 5ft i 9 7 >-j P referred ...... ................ I C o m m o n ........ . . . . . . . . . : 34 Consol. 5 a ...................... iJOQ bu r .---———| ---------,%9 ora.— ------ 4 WeekII. Since 3*pl. -------Since Seat. Jam. Wt-m~C Since i, t<m. t, m&, Jan, It. i, mSept. f. bmh. bmh, bush. 13,108.643 U W . 1 M l M ’7 t 1 3/3 3(17 4 u b jm 4,840.3fV 11,813.230 5x9,413 7.506 186.637 300 *77,974 Ii.221 %n2jm iih jm i0,O0o 3.600 206,731 m.tm Wheat, bmh. 112 V l i a s S e c u r i t i e s — B r o k e r s ’ Q u o t a t lo H s . #10 for lot I Total 13**1-05.... 131,077 1a store at - A A ik . 112 165 Aaction Sales.—Among other securities the following, no regularly dealt in at the Board, were recently sold at auction By Messrs. R. V. Harnett & Oo.: U,8*0 4.7SS.M5 U81IT 17.f79,ri3 :,<WL**-S7 30.749,18» SeMiJsa i.iu733 S77.y? 7 4,791.100 Tne visible supply of grain, comprising the stocks in granary at the principal points of accumulation ’ at lake and seaboard ports, Jam 11,1896. was m follows: total 10s l Bid. Pern, bush, Toe destination of these exports for the week and since Sept, 1,1895, is as U low, We add the totals for the corres ponding- periods of last year for comparison £xr*n s fm Week imsh and since Ja n. II. l f*»— £Mr. United Kingdom M i8 » Ceutiaont . .. * W $ a, it u. A m ilieu Sff.SAl Weat In*i\m 1S.017 Bnt, N. a . Ce *4. I.P8S 9,195 Other e*eaatries.. Columhua & 9th A ve. 5s. D, D. E . B. «fe B a t 'y -S tk . no7 1st, gold, 5s, 1932.J A B '8 5 ” Scrip ............................... 30 *25' Eighth Avert tie—S to c k ... §109 111 Scrip, 6sy a9 1 4 ..---- . . . . 190 194 42d Q-r. St. Fer.—Stock §105* UG9 i i i 18 42d St. A M a n .S t .N .A v . §112 115 1st m ort. 6s, 1910,M<fcS 2d m ort.incom e Bs.J&J J102 105 Long Island T ra ctio n .... U 134 l i ‘2 L ex.A ve.& P av.F erry 5a. 160 167 Metropolitan T ra ctio n ... 110 113 Ninth A ven u e—S to c k ... 102 Second A ven u e—S to c k .. 150 190 1st mort., 5a, 1909.MtfcN 112 Debenture 5s, 1909.J&J § lil 10 Sixth A venu e—S to c k .... 55 'T hird A venu e—S tock’. . . 1st mort., 58,1937. J<fe3 188 198 §118 ,Twenty-Third S t —St’ k . Deb. 5s. 1 9 0 3 .............. 160 i o T ' U nion B y—S t o c k ............ 114 116 1st 5s, 1942 .................... 150 ,155 105 i W estchc Bt’r, lat,jra.,5s. § A n d a c c r u e d in te r e s t, x E*.&ividen<L ' 500 US.»7 £18,587 g.. Quotations. A sk. Bid. Atlan. A r e ., B ’ k lyn— Con. 5s, g .t 1 9 3 1 -.A & 0 Im pt.58 , 1934.. J&J Bleek. St. & F u?.F .~ S tk. 1st m ort,. 7a, 1900. J«S:J B’ way & 7th A ve. - S t o c k . 806 1st mort.,5a, 1904. J&D 2d mort., 5s, 1914.J&J B’ w a y 1st, 5s, p a r , 1924 2d 5a, tnt. as rent’ L I 905 ConsoL 5 s,1 9 4 3 ...J & H 1,200 Brookiym City—S tock .,.. ConaoL 5s, 1 94 1 ...J & J Bk]yn.Croaat,n 5 s.l9 0 8 B kl’n.Q'asCo.tfeSnb.lar 39,931 Bkly n .O. X ’ w t’ wn—s tk 48,703 5a, 1939............ .............. 62,083 Brooklyn T ra ction — .. . P re fe r re d .. . . . . . . . . . . . . . Cnwetown—Stk. 2,267.945 Central 1st M,,6a, 1 9 2 2 ...MAN 1,393,270 C en.P k.N .A E .R S T .-S tk. Consol. 7 s. 1902... J A D 2,080.81 * C artiP p'r A 10th S t —Stk. 1st m ort.,1898 ...A d tO for the flour, Wheat, bush. Com, Oats, bbb. bush. bush. Barley, bush, III.000 ........ 44,375 a«8,LO 64M25 Boston. . . . . . . . . . . . Montreal. . . . . . . . . . S e c u r i t i e s — Brokers’ & 551.452 855,1^6 5$9,5?n 0,171,807 134,967,227 58,873.174 7r.7tw.878 24,384,467 105,054.43; 40,909,401 48.854,«39* 24,200.832 i%45v 108.691,8*9 31.5*2,801 66 5L9.82.-: 19,743,135 BscHpU at— X#w T o rt—. . . . . . . 121 Samuel D, Davis . J.ftt.OOO Mrssrs, N. W, Harrk & Co, a d v e r t is e that they have number of new offerings of municipal bonds which appci They will furnish particulars at their eflict*, 3 Wall Street, Hew York, C'has, B. V a n Nostranb. Qguild3 Bascxat itorFAT, M AtsxAMiaa M. WuilA JR & W o f f a t h i t e , BANKERS 30 F I N E S T ft B E T , - - INVESTMENT SECURITI SE W ¥O H K 122 [VOL. LXI1. THE CHRONICLE. Posted rates of leading bankers are as follows: rJ P i e d i v i d b k d s « m Stxty Ray#. January 17. Prime bankers’ sterltng bills on London.. 4 88 ®4 88% 1 89*2®4 90 .......... 4 37 ®4 8714 Prime commercial Z m m e i o M .::::::: ..........f m a s ? ■«% iB a u k crs ' (g a e cttc. Per Cent. of Company. R ailroad s. Cln. II*ai. A Dajton new pref I Cornwall A L e b a n o n . ........ I H u n l .A B ’ d T o p .M t .R K . A C 'l o o m . 1 .. •* pref. Illlool. Central.............••••• -I Lake Erie* Western pref. (quar.) Lout: Island iq n *r.l........^ B lit ? Li * Ifaahvtlle ( batt. * 8t. L. (qnar.) Xolwio A Ohio Cent. pref. (quar.) 2*9 1*4 l 7 1 m Hamilton (Brooklyn), (quar.) 2 Mahoning Coal o o m ... . . . . . T ru st C om p an ies. F ire In su ra n ce. F a r r a g m ........................ ................ Home.................................. ... Kink'" ( Fariflo.......... . . . . . . WUllainebir* City (Brooklyn)... yi I s e e l l a u e o u s . Brooklyn City HK. (quar.).......... Colorado Fuel Sc Irou pref. .. Hestonv. Mud. A Fair. Pass. Ry pref. (Phlla.) . .............. Hew England Street Ry. (quar.) 3 5 6 5 10 . When Payable. Feb. Books closed. (Haps inclusive.) to to 4 Jan. 29 Jan. 30 Mob. 2 Feb. 9 to Mch. 2 1 to Feb. 16 Feb. 15 Feb. 2 1 Feb. Feb. 2 1 Feb. Feb. 2 1 Feb. Jan. 26 Jan. 25; Feb. On On On Oil On 1|Jan. 26 to Jan. 31 — — — — (lem. dem. dem. dem. dem. t o to t o to ---------------------------— '■ ------ — t o -------- 2% 4 Jan. Feb. Jan. 15 15 20 Feb. 1 to Fob. 20 3 ii» Jan. Jan. 25 151 to to Jan. 15 W A L L STREET, FR ID A Y . J AN. 17. 1 S 9 6 .-5 1*. M. The Money Market and Financial Situation.—The finan cial situation lias improved in tone during the week. It is reported from London that there is a possibility of a settle ment of the South American question by the British and Venezuelan governments; and other political and diplo matic relations abroad are much leas strained than they have recently been. The success of the Reading plan has had a good effect upon American securities abroad, and the fortnightly settlement on the London Stock Exchange lias been successfully com pleted. At home the assurance from the leader of the Bond Syndi cate that the interests which he represents stand ready to assist if necessary in making the new bond issue a success has made it certain that the loan will be fully taken. The possibility of disturbance in the money market resultng from payments made on account of the bonds is largely reduced by the modified terms set forth in the supplemen tary circular issued on Thursday by the Secretary of the Treasury. Because of the demand in anticipation of such payments there is now a fractional premium On gold and also on legal tenders. The open market rates for call loans during the week on stock and bond collaterals have ranged from 2 to 6 per cent. To-day’s rates on call were 3 to 4 per cent. Prime commercial paper is quoted at 6 per cent. The Bank of England weekly statement on Thursday Bhowed an increase in bullion of £520,892, and the per centage of reserve to liabilities was 60-90. against 60-44 last week; the discount rate remains unchanged at 2 per cent. The Bank of France shows a decrease of 1,875,000 francs in gold and an increase of 850,000 francs in silver. The New York City Clearing-House banks in their statement of Jan. 11 showed an increase in the reserve held of $7,316,900 and a surplus over the required reserve of $27,183,100, against $10,779,675 the previous week. 1896. Jan. 11. Capital............... Barplna............. Loan a & dlAc’nla. Circulation........ Net deposit*...... Bj ecle ................. Legal tenders— Reserve held..... Legal reserve — Different tfrom Prtv. touk. * $ 61.122,700 73.017.100 458,208,400 Rec.7,372,300 14,002,600 I do . 49,700 491,268,bOO Reo. 346,100 71,346,200 Ino .2,391,500 78.654.100 In c.4,925,400 150,000,3U0 Ino .7,316,900 122,817,200 Deo. 86.525 1895. Jan. 12. 1894 Jan. 13. 9 * 60,422,700 72,515,200 418.185.400 12,977,500 527.913.700 118.303.700 106.258.400 224,562,100 131,978,425 61.622.700 72,028,200 489,682,600 11,426,500 555,402,800 75.512.700 105,130,200 180,642,900 138,850,700 Bnrplnft reserve 27,183.100 Ino.7,403,425 41,792,200 92,583,675 Foreign Exchange.—The foreign exchange market has been steady on a moderate demand for bills, and quotations have remained practically unchanged until to-day, when on account of lower discount rates in London long sterling has advanced. Gold to the amount of $2,400,000 has been ex ported during the week, including $1,000,000 which is going out to-morrow. To-day's actual rates of exchange were as follows: Bankers’ Ixty days' sterling, 4 87%@4 87%; demand, 4 89@4 89%; cables, 4 89%@4 89%. " " "i s s s r a & w ».“ > • a 5.3“> 4O61604O38 M a c 9 5 9 ,, 895°a The following were the rates of domestic exchange on New York at the under-mentioned cities to-day: Savannah buying 1-16 discount, selling par ; Charleston, buying par, selling % premium: New Orleans, bank, $1 50 premium; commercial 75c. per $1,000 discount; Chicago, $1 00 per $1,000 premium; St. Louis, 50@75c. per $1,000 premium. United States Bonds.-Sales of^Government bonds at the Board include $81,000 4s coup., 1925 at 116 to 117, $l,o00 4s coup., 1907. at 110; $1,000 4s reg., 190i, at 109%; $10,000 5s 1 113k, and $2,000 5s coup., at 113%. Interest Jan. Periods 11. Jan. 13 Jan. 14. Jan. 15. Jan. 16. Jan. 17. 96 * 96 * 96 * 96 2s.......................reft. Q.-Moh. * 96 * 96 *109* *108’s n o s 4 *108 4 *103^ n o s 1* 4s, 1907.............reg. n o ‘ 109 *109 •109 *109 *109 4s, 1907.......... coup. * x l!4 *114 *114 *115 *11414 *115 Q.Feb. 4s, 1925.............reg. 116hi 116 ‘ 115% 1164 117 4s, 1925..........coup. Q.-Feb. *115 *1124 ‘ x i i 1, n u n *11138 1134 *112^ 5s, 1904.............reg. *11258 *11238 1134 *1124 *1124 5s, 1904 ........ ooup. Q.- Feb. *112* *100 *100 *100 6s, ju r’oy,’96...reg. J. A J. *100 *100 n o o *102 *102 *102 6s, 3iir’oy,’ 97. .reg. J. & J. *102 *102 *102 *104 *104 *104 *104 *104 *104 J. A J 6s, onr’oy,’98...'-eg. *107 *107 6s, oar’oy,’ 99...reg. j . A J. *107 *107 *107 *100 *100 *107 *100 *10 » *100 *100 4s, (Cher.) 1896.reg. *100 *100 *100 *100 *100 *100 4s, (Cber.)1897.reg. *100 *100 *100 *100 *100 *100 4s, (Cher.)1898.reg. 100 4s, (Cher.)1899.reg. March. *100 *100 *100 *100 *100 ’ This Is the price Did at tfle morula* ooard, no sale was rnaao. United States Sub-Treasury.—The following table shows Date. J a n .11 “ 13 “ 14 “ 15 •• 16 « 17 Receipt*. $ 2,235,151 6,870,403 5,147,914 2,852,468 3,566,612 4,506,406 fa y m e n u . $ 2,462,393 6,476,494 5,520,026 4,631,620 4,851,242 5,123,891 Coin. $ 92.542,999 92,788,495 93,418,434 92,916,293 92,838,227 92,995,550 Halancet Coin Cert’s. O urrtnty. S 1,292,892 1,511,596 1,533.980 1,678,025 1,620,908 1,422,513 9 93,770,509 93,700,218 92,675,781 91,254,726 90,105,279 89,528,865 Total 25,178,954 29,065,666 Coins.—Following are current quotations in gold for coins: Sovereigns...........$4 86 Napoleons........... 3 85 X X Reichmarke. 4 70 25 Pesetas........... 4 76 Span. Doubloons.15 55 ex. Doubloons.15 50 Fne gold bars— par ®$4 91 ® 3 92 ® 4 80 ® 4 86 ®15 75 ®15 75 ®% prem. Fine silver bars. . — 67)e® — 69 Five francs........ — 90 ® — 95 Mexican dollars - 53 ® — 55 a -----Do unoom’ oial 46 ® — 50 Peruvian sols— . English silver . . . 4 80 ® 4 90 U. 8. trade dollars — 55 ® — 75 State and Railroad Bonds.—Sales of State bonds at the Board include $63,000 Virginia fund, debt 2-3s of 1991 at 59% to 60%; $30,000 Virginia 6s, d’f d. trust rec’ts, stamped, at 6; $4,000 So. Carolina non-fund, at 1 ; $8,000 No. Carolina con. 4s at 102; $9,000 Louisiana con. 4s at 98 and $1,000 Alabama, Class A, at 109. The railroad bond market has been more active and steady as the result of increasing hopefulness in investment circles at home and abroad. Among the special features of the week are Col. H. V. & Tol. gen. mort. 6s, which have advanced 8 points. Louis. & Nash, unified gold 4s have gained 3% points, Col. Midland 1st rec’ts are 3 points higher on limited sales, doubtless as a {consequence of the rapidly developing interests in Colorado. Readings have been strong on the announcement of the large deposits under the plan and the assured success of the latter. Ore. Short Line 6s, Rio Grande Western, Texas & Pacific, Mo. Kan. & Texas, Ore. S. L. & Utah Northern, Southern Ry., Ches. & Ohio and the Atch ison bonds have been active, and advanced generally from 1 to 2% points. Railroad and Miscellaneous Stocks.—Under the favor able conditions which have generally prevailed the stock market has been strong, although the volume of business has not been large. The highest prices of the week for railway shares were in most cases reached on Tuesday, when Lake Shore & Mich. Southern had advanced 5% points, Southern Ry. preferred 2%. Louisville & Nashville 2%, Mo. Kan. & Texas preferred 2%, Rock Island 2%, Burlington & Quincy 2%, St. Paul 1%, Mo. Pacific 1% and North West. 1% points from our closing quotations of last week. Reading advanced one point after the first assessment was paid. Since Tuesday there have been some recessions as a result iu part of the covering of short contracts and some taking of profits. Manhattan Elevated has fluctuated over a range of about 3 points and closes at 99% The active features of the industrial list have been relat ively steady. U. S. Leather preferred may be considered an exception, however. It has continued subject to manip ulation, selling at 57% on Monday, at 64% on Thursday and closes at 61%. Chicago Gas has remained steady, notwith standing reports of an ordinance passed by the Chicago Common Council which was supposed to be adverse to its interest. Tenn. Coal & Iron aud Pacific Mail have each advanced about one point. Other changes are unimportant. THE CHRONICLER JANUARY 18, 1896.} 123 NEW' YORK STOCK EXCHANGE— 4 .0 1 T V ® S IO C K S f o r w eek en d in g J A N U A R Y 17, an d since J A N . 1, 1 8 9 6 . HIGH EST AND LOWEST PRICES. Saturday, Jan. 11. ay, Monda; Jan. 13. ! Tuesday, iWednesday, ! Jan. 14. Jan. 15 Thursda; Jan. 1£ ’ Friday, Jan. 17. STOCKS. Sales of the Week, Shares. R ange fo r year 1896. Lowest. A c tiv e H B . S to c k s . 14% 143. 14 14% At.Top. & S.Fe, allm stal. paid 18,577 12% Jan. 15 800 19% Jan. D o. pref., when issued.. 22% 2 2 % 22 % ‘ 21% 22% : 1,120 *% % A tlantic & P a c iflo ................... % Jan. % % % 2,172 36% Jan. 42 -12% 41 10% 41% Baltimore A Ohio..................... 43% 38 33 I 41 150 52 Jan. 55% 53% 53% '5 2 % 54% Canadian P aciflo.................... '5 2 54 j *52% 53%: 1,309 45% Jan. 48% Canada Southern..................... 49% 49 : *48% 48% 48 49% 40% 49 3,032 94% Jan. 99 99 98% 99% Central ot New J ersey............ 100% 99% 99% 98% 98% 40 14% Jan. 14% 14% •14% 15% Central Pacific.......................... 15% *14% 15% *14% 15% 5,970 13 Jan. 15%: 15% 15%: 14% 15% Chesapeake A Ohio................. 14% 15% 14% 14% 20 *183 160 Chicago A A lt o n ............... 195 ■'153 100 153 100 *153 160 27,550 71% Jan. 75% 75% 70% 74% 76%: 74% 74% *42% 45 45 *42% 45 Chicago A Eastern Illin o is ... 42% Jan. '4 2 % 45 ; *42% 43 '9 5 100 100 '9 5 100 Do pref. *95 100 I *95 100 ! 6 8 % Chi c a go M il w au k ee A St. Fa ill 108,741 63% Jan. 68% 69 68% 09% 68 69% 07% 07% Do pref. 126% 126% 125% 125% 126 120 126%' ___ ,___ Jan. 126 126 98% 98% 98 7,4811 94% Jan. 99% Clncago A N orthw estern....... 97% 98% 97% 97% 98% M S 143 3 2 5 1 4 2 Jan. 145 145 D o p ref. 145 142 145 *141 145 65% 66 % C hioago Rock Island & Paciflo 20,685; 62 Jan. 06% 67% 67% 66 06% 65% 63% 35 35% *36 37 [Chicago St. Paul Mian. A Om. 36% 36%' 1,700 31% Jan. 37 34% 35% Do pref205 117 Jan. 121 121 ;■*121 123 •121 123 ! 120 120 120 121 3,383 3 1 Jan. 34% 35 Cleve. Cindn. Chic. A St, I . 35% 36 35% 35% 35% 36%, 30 36% 30 36 3 1 ................... 90 90 : Do pref. *97 93 90 90 94 '8 3 93 i 94 *17% 18 Columbus H ocking Val. A T ol 272 15 Jnn. *17% 19 : 17 17% *16% 17% *17% ‘ l 8 " '1 6 17% Do pref. *55 65 1 '5 5 05 55 63 , ♦30 *50 65 : *50 '5 0 51 125% 125% Delaware A H udson............... 2,665 125% 125% 125% 126 149% Jan. 1245s 125%' 125 125% 125% 123% 162% 162% Delaware Lack a w a una& West *1,000 155% Jan. *100 163 * 1 5 9 % ......... ICO 161 161% 161% 163 163 12 % 12 % *12>4 13 ;Denver A R io G ra n d e ............ 200 12% Jan. 12 % 12 % *12%....... ♦11% 12% * 11 % 12 % 4,061 40 Jan. 43% 44%; 43% 43% 44 44% Do pref. 42% 43 : 43% 4 3 '*42 42% 30 *25 30 E vansville A Terre H aute___ 266 25 Jan. 27 27 ! •25 25 25 S *25 30 *27 28 110 120 110 120 Great Northern, p ref................ 4 1 0 115 1 1 0 120 *110 120 110 113 7101 89% Jan. 96% 96% 96 94% 94% 90% 96% 92% 92% 96 Illinois Central.......................... 92% 02% 250! 7% Jan. 6 *7% 6% S Iow a C entral............................. 3% *8 8% 8% 8 %; •3 *7% ‘ 29 1851 25 Jan. 28 28 Do pref •27% 28% *27% 28% *20% 27 i 27 27 19% 19% 1,280 18 Jan. 18% 10% 19% 19%; 19% 19% :?1 ! 20 LakeJErie & W estern.—......... 20 *18 _i Do •ref.:1 HQ 1,448: 64% Jan, 72% 72% 71 71%: 70% 72 70 70 68 72% 72% 68 143% 143% 142 143 !Lake Shore A Mich. South.,em.j 3,355 134% Jan. 111 145% 144 143 140 140%' 141 144 16 34 Jan. *83 06 86 iLong Island 36 66 i *84 *93 86 i *83 *83 96 ' 86 16% 19% L ong Island Trae., all Ins. p d.i 2,127 16 Jan. 1U% 16% *16% 17% 17% 18 16% 17% 17% 17% 44% 45%: 43% 44% Louisville A NashviUe..............I 52,879 39% J an. 44% 45% 43% 43% 42% 43% 44% 43% 9% Loalsv. New Albany A ClilO.. 3,255 0% fs 7% Jan. S 9 9 I *7% S% 8 8%: 8% 8% : 19 Do pref. 1,093 16% Jan. 19 19 19% 18 20 20 19 20% -1 9 17% 17% 98 % 99% 101 iManhattan E lev a ted ,con sol., 25,274 90% J an. 96% 99 : 97% 99% 97% 09% 97% 08% 104% 104% 103 101% 104 104 103% 105 in i M etropolitan T ra ction .......... 97% 66% l o o “3,800 " " " 92 Jan. 96 96 Michigan Centra!........................j .145 94 >a Jan. 96 *91 90% *93 98%: 95% 95%. *93 98 ! 08 * 18 20 Minneapolis A St. L ou is.......... i 19% 20 20 : *16% 20 “ 17 20 200 17 Jan. *18% 20 *19 *72% 77 ; *72 76 74 *73 i i \ Do 1st pref.. 105 72 Jan. 75 74 77 ! 76 *74 43% 43%. 43% 44%' '4 3 40 43 43 Do 2d pref. 850 40 .1an. ni 4.5 i *42% 45 11 Missou ri Kansas A T exas........ 1,891 10% Jan. •10k 11% 11 h % 11% u 11 % 11% 10% 1 1 % 11 24% 25%; Do pref. 9,317, 2*2 Jan. 24 24% 25% 20% 24% 25% 21% 24% 25% 25 2 1 % 23% 25 % 28 j 24% 25% 25% 35% 24% 25% Missouri Pacific.................. . . . . 12,405 22% Jnn. 24% 24% 24 ; *23 24 23 24 M obile A O h io........................ 1,076 21 Jan. 24 • 24 25 24% 21 24 1 24 *63 *65 $5 N iwOv-OiatianoogaASt-Lmtis ...... *65 85 *65 85 ! 85 1,786 93% Jan. * 98 New York Central A Hudson. 97 • 97% 9-* 1 97% 97%; 97% *95% 98 ■ *98 % *11 13 16 New York Chicago A St. Louis 13 ii *n 13 14 882 1 1 Jan. 14 13 13% 137. 71% 71%: 72 j *70 *65 126 71% Jim. 78 75 ; 00 Do 1st prof.: 68 78 1 72 300 26 Jau. *20 *24% 27% 28 26 I Do 2d p ref. 27 *23 25 25 : *22 25 1,760 13% Jan. 14 l l 7, .15 \ 14% 14%: 15% 15% 14% 14% S . V. L. E. A W *n,all ins’t p it . 14 1 14% 14% 23 lan . ------; Do pref., ali Ins’ t pd. •23% . I H 4 14% *22 14% 14»b 22% *21% 23 % %' % % 14% U % 14% 22% 22% 23 % *% "9 42 42% 43 *53% 55 55 49 49%: 48% 99% 100% 298% *14% 15% *14% 13% 15% 13% 155 153 160 75% 76% 75% *42% '4 2 % 45 '9 5 *95 100 GS% 69% 68% 127 127 | 126 98% 99% 98 % 145 66% 66% 67% 36% 30% 30% Highest. 7 7 7 6 4 Jan. Jan. % J an. 43% Jan. 55 Jan. 49% Jan. 101 Jan. 14% Jan. 1 5 % Jan. 2 2 13 15 14 13 2 7 77% Jan. 10 42% Jan. 2 6 7 7 9 7 100 97 971 100 26 175 Jan. 179% 101 181 *170% 161 188*1w * :1-’3 New Y ark New H aven A Hart. 13% 13%: 13% 13% 134. 13% 13% New York;Ontario A Western.: 5,645 12% Jnn. 13% 9%! 3 ,045 8% Jan. 9 9% 9*4 New York Souq. A West., new,* 9% 9% 99% 9% 25% 25%' Do pref.i 2,515 21% Jan. 24% 25 24% 25% 23% 2-5 io ; a Norfolk a W eetern.................. ♦1% - % *1% *1% 710, (3% Jnn. Do pref.; 7% *?% 8 ! 7% 7 7% 7 % 310 2% Jau. 3% % ‘3 *3% 3% Northern P acific...................... 3% 3% 3% 3% Do pref.; 1,802 10*8 Jan. 12 % 12T H 12% 12%; 12 % 1 2 % 1*2% 12% 25 25 | 25 Oregon R’y A Navigation Co.i 25 : ; *15 *15 25 *15 134 L 8 Oregon Sh. Line A UtahNortli.) 6 I 8 *5 8 ! 3 5 I 200 ; 2% Jan. 3 *2% 3 ! *2% ’2%. 3 3 • % 3 Peoria Decatur A Evansville. 8% 8% 8 8% 8 %j Phil*. A Reading le t lost, pd.: 11,8001 2% Jnn. 8% 8% 0% 930 14% Jan. 16 16 15 :Pittsburg Clnn. Chic. A St. L. j 15 16%: *14% 16 295 52 Jnn, 50 55% 55%; 55 Do pref.; 55 51k ‘51% 58 : 100 17 Jau. ; *13 Is ns i s . 17 19 Pittsburg A W estern. pref— 17 is .......... Km Grande W estern..... .........; [16 118% ii'5% t 13% 117 117 5 115% 117% 117 117 •no H 7% :RoiBe W atertown A Ogdensb 4201115% Jan. 1001 57% Jan. '58% 59 ; *57 59 ) r>7% m 39 : *57 1 *56 59 [St. Louis Alt. A Terra Haute J *57 4%! 5 2,121: I Jan. 4% 4% 45 5 St. Lottlt Southwestern.......... 4%j •4% 4 V 4 T«! *4% *4% 9 Jnn. 10 % 1 0 %: 10 % 10 % 10% 11 | 1.0% 10%; l i Do prof.: 1,330 : 10% 10% *22 28 ; •22 -22 28 | *22 28 1 *22 29 9t. Paul A D uluth..................... 28 28 I 90 t *85 *85 90 i *85 90 *85 m | *$$ Do prof. | 90 i *85 90 ! 115 115 115 11.5 190,115 Jnn. n o 115 ; l i o 115 j' i n -no 111 Ist, Paul Minn. A M a n itoba ...: . . . ... . _ % 21 ‘Southern Pacific C o................. 2,340 20 Jnn. 21% 21%; 21% 22 21% •M% 22 21% I H 8 % 8% 9% 8% 9 8% 9 Sonthent.voting trust, c e rtlf. 13,956 7% Jan. 9% 9% 9% »% ! 9%! t,» •>. 26% 27%; Do prof., votin g trust, cert 20,585 23% Jan, 25% 26-V 26% !7% 27% 28%: 27% 8 9 -74. 8% Texas A Prteiti-. .................... * 1,880 7% Jan. 8 s 8 J 8 8%] .8%' ft *30 •30 37 ( *3P *30 *30 37 Toledo A Ohio C entral............: ......... 37 S *30 37 *65 '■s i *65 75 ! *05 *65 Do pref.: — .. 73 : *63 73 j 75 | 3% J an. 3% 3% a%i 3% 4% 3% 3 V 3% 4% 4 %' Union Pacific............................. 4,113 3% m 0443 *3 20 0 : 3% Jan. *3 3% *3 4 J *3 3% 3 % Union paciflo D enver A G ulf.; *3 3% 3% 3% 0tj 6% 6% 6% 6% Jan. 6% 6%; 6% 9 V 6%i Wabash....................................... 0% 67 0% !07 11% ,Tan. 18% 16% Do prof. i6 % io% ; 18% 16 % 16% 10% 10% 16«%! 16% ir e 10% 10% 6,351 10 Jau. 10"% 11 %: 10% I ! I 107- 11% 11% 11 1, Wheel!usr A Lake E r ie .. . . . . . . 10% n 37% 37% j 36 30 800 34% Jan. 30~ 30%: 37 36 36% Do pref. 37%: *38% 37% ♦3% 4% *3% 3% Jan. 60 *3 4 *3 4 j Wise. O n . Co., voting tr, rtfs 4 *3 4 i 3% 4 : M i s c e ll a n e o u s S t o c k s . I I 17% 17% 17 455 16% Jan. 17 ; *18% 17 >t *10% 17-h *16% 17% A m erican Cotton Oil C o— .. 17 j 17 *62% 05 65%_ 65% *62% or. I 65 Do pref. 61fr 64% Jan. 85 . 05% 00 65 : 65 103 104% 103% 104%! 103% 104% 101% 103% 102 103% 101% 103 [American Sugar Refining-Co. 119,600 97 Jau. 97% 97%; 97% 98 06% 90% Do ' pref. 1,6371 95 J an. 97 97 i 97 97 97% 07% 78% so%; 80 >9 31%: 80% 91 78 79 % A m erican T obacco C o............ 61,538 70% Jnn. 79% 80% 77% 79% * 100 % ............ 1 101 115 100% Jan. *102 106 I 101% 102% ....................; Do pref. 65% 68% 64% 68% 05% 66% 61% 06 ! 65% 67 : 65% 00% Chicago Gas Co., certs, o f doji. 31,855; 62 Jan. 146 146 146 1 1 8 | 147 148% *140 148 1,401 143 Jan. 148 146 Consolidated Gas C om p an y.. 147 147 15% 15% 1* 1% 10%’ 16% 107, 16 16% 16% 16% 16 16% D is.AC.F.Co.,tr.ets.ailm 8.p4. 7,582 14% Jau. 07, 26% 26 % : 20 25% 25%: 26 26% 4,009 22 Jan. 25% 25% ;General E lectric C o ....... .— 26 20 ♦......... 0 5 * 65 |Illin ois Steel Co ................... . 65 ■ 65 : ’ ......... 85 *......... 65 25 25%; 1,451 23 Jan. 5% 25%; 2.5% 25% 25% 25%. 25 25% 25 .National Lead C o.................... 80% 96% 599 82% .Tan. 87 I Do pref, 3-4% 85 i 85 8a 85% 85% '8 4 88 j *84 4% 3.075 4 Jan. 4% 4%' 4% 47, North American C o................. %; 4% 4%i 4% 4%' 4% 4%; *25 25% 2,705 22% Jan. 25 26%: 26 20% 20 20% 26 20%! 26% .. . 26% Pacific M ail............................. 149 .........‘ 1 16 145 *115 .........*145 . . . . . . *114 .........Pipe Line Certificates............... 155 155 757 148 Jan. 155 i» " j 154 156 | 155% 158 *151 155 , 152 152 Pullman Palace Car Company '6 7 67 % *67 87% Jan. 67%! *67% 67% *67% 09 *07% 67% Silver Bullion Certificates___ *67% 68 25% 26% 26 26% 27% Tennessee Coal Iron & R R ... 15,440 23 Jan. 27%; 27 27% 28% 27% 27% 23% Do prof. 5 5% 4 % Jan. 5% 3,270 5% .,7| 5% U,S.Cord.Co.,tr.rec.all Ins.pd. 5% 5% 5% 5% 5% 5% 1,000 9 Jan. * 9 % 10 10 10% 10 10% 10% *11 Pref., tr. rec. all ins, pd, 11% 11 % 1 1 %; io flit 0%’ 9 Jan. 9% 97,: 10% 1 0 % United States Leather Co....... 10,171 9% IO 7, 9% 10 i 9 9%: 57% 5H% S7% 50%: 57% 50%; 677s 60% Do pref. 85,733 58% Jan. 60% 64% 01% 03% 26% 29 i 27% 29 2,170 24 Jan, 28% 207,; 27% 277g 57% United States Rubber Co 2 7 3 j 2!) 837, 84% 83% 64%: 83% 84 %! 83% 84 18,584 82% Jan. 83% 84% 83% 64% Western Union Telegraph. m “ i s o " ! 179% 12". 13 ! 13% 9 8% 8% *23% 24 24% 2 \ *1 % *6% *3 1 1 % 12 11 % 15 25 *15 *5 7 J *5 3 *2 % 3 i 0 1 8% >15% 16 15% 55% 30 18 r .......- 1 127% 100% 145 68% 37 121 37 59 11 07 21 20 II ! 4 •These *ro bid and asked 1 no sals made, 1Lowest Is ex-dividend. Jan. 2 Jan. 2 Jan. 4 Jan. 2 Jan. 15 Jan. 15 Jan. 2 17% Jan. 14 126 163 12% 44% 15 27 Jan. Jan. .Tail. Jan. Jan. 10 15 16 16 13 96% Jan. 8 Jan. 28 Jan. 19% Jan. 7*2% Jan. 145% Jau. 7 84 Jan. 10: 19% Jan. 7 46% Jan. 81 9% Jan. o: 20% Jau, 9 102% Jan. 6 105 .Tan. 8 95% Jan. 8 20 Jan. 10 71% Jan. 7 46 Jan. 6 11% Jan. 7 26% Jan. 7 26% Jan. 9; 25 Jan. 16 10 16 14 15 14 7 17 2 17 14 2 14 2 13 10 3 13 14 2 11 7 2 17 17 7 10 98 Jau. 14 Jan. 71% Jan. 26 Jan. 15% Jan. 23 % J an. 14 16 17 17 16 3 7 181 Jan. 7 13% Jan. »78 Jau. 25% Jau. 14 13 14 17 8% Jan. 3 3% Jan. 4 12t8 Jau. 16 3 *15 *5 2 9 2 7 69% Jan. 15 •120 121 8 15 23 3 9 10% R 55 13 17 9 7 7 Jnn. Jan. Jan. Jau. Jan. 3 ii 14 10 15 13 118 Jan. 3 15 00 % Jan. 3 7 5 .Tan, 17 Jan. 1 1 6 u 116 115 22% 9% 8 7 28% 8% 7 Jan. 11 Jan. 14 Jan. 15 Jan. 2 Jau. 2 4% Jan. 3 3 7s Jan. 8 6 7« Jan. 2 HP's Jan. 15 11% Jau. 17 37% Jan. 17 3% Jan. 8 18 .Tan. 66 Jan. 104% Jan. 98 Jan. •84% Jan. 100% Jan. 07 Jan. 148% Jan. 17% Jan. 267s Jan. 2 10 11 10 4 7 16 2 2 4 25% Jan. 16 85% Jau. 6 4 7g Jan. 2 26% Jan. 2 156 Jan. 14 67% Jan. 8 28% Jan. 2 5% Jan. 11 % Jan. lO ’ s Jan. 64% Jan. 29 J an. 85% Jan. 15 15 16 16 13 2 THE CHRONICLE. 124 [VOL. LX 11. H..v v nt H i H I ! It etilH W nJE PRICES (Continued )— W A O J I V B SfO OtCS. Jan. 17. ) Range (sales) in 1896. U U O T iT i s t o c k s f Indicate# unlisted. Bid, M is c e lla n e o u s S t o c k s . R a ilr o a d S to ck * . Albany A Susquehauna.. . . . . . .1 0 0 170 180 j 9 IQ** 10 Jan, 10*8 Jan. .1 0 0 Ana A rbor.......... Preferred. , . —« . .. . . . *- - - -. *- - .ICO 124*4 ... .. 24 Jan. 26 Jan. 7 4 Bait. & 0 , 8. VV, pref., n e w .... .1 0 0 . . . . .. 131*# Jan. 131*3 Jan. Belleville A South. 111. prof.,.. .100 Boston A S. Y. Air Line pref. .1 0 0 104 106 15k, 17 .1 0 0 Brooklyn ElevatedU. .. 10 Jan. 15 10 Jan. Buffalo Rochester A Pittsburg .100 10 60 100 P referred.....**..... **...*». Burl. CedarBspid# A N or..... .100 53 45 41% Jan. 53 Jam Clev. Lorain & Wheel, pref— . 1 0 0 Cleveland & Pittsburg.. . . . . . . 50 158 6 Jan. 5% Jan. OH *7* Bee Moines A Foi t B od g e .,... .100 53 Preferred...........— . . . . . . . .1 0 0 45 5% Jan, 53i 4% Jan. 153s Duluth So. Shore A Atlantic 13.100 Preferred f,.......... .. .......... . .100 10** 12 Flint A Fere Marquette__ . . . .100 P referred .....__ . . . . . . . . . . . .100 Gr. Bay Win. A St. P. tr. reo... .100 Preferred trust rente........ .1 0 0 1** 2*5 Houston A Texas Central..... 100 85 Jan. 85 Jan. mineds Central leased lin es... .100 27*a 25 Jan. 25 Jan. Indiana Illinois & Io w a ...... .1 0 0 ’ *22 8 Jan, 7 9 8 Jan. Kanawha A Miohigau.*...—. .100 2 Jan. 4 2 Jan. 2 Keokuk A Des M oines..... *. .1 0 0 17*a Preferred..___. . . . . . . — .. .1 0 0 3 Louisv. St. Louis A T exas.... .100 9 Jan. Jan. 11 Mexican Central..................... 100 Jan. 1*8 Jan, 1** Mexican National tr. ctfs___ .100 162*3 Jan. 164 Jan. Morris A E s s e x ............... . 50 45*8 Jan. 46 Jan. New England..... .......... . 100 ’ 46 New Jersey A N. . . . . . . ,100 Preferred......... . . . . . . 100 115*s: Jan. 120 Jan. N. Y. Lack. A Western*........ 100 1163* Norfolk A Southern.............. 100 b 15 Ohio Southern— ................ . 1 0 0 4*s 9 Peoria A E a s te r n ............. 100 Rensselaer A Saratoga.......... 100 178 182 Rio Grande Western pref__ 100 t Aofcu&l sales. * No price Friday; latest price this week. Range (sales) tn 1896. Jan. 17. I n a c t iv e s t o c k s . f Indicates unlisted. Highest. Ask. | Lowest. r t l n d i o i t e i a o tu a . sates J American Bank Note Co 1f. Bid. Ask. 1*16 41 150 43 113 111 Am. Spirit Mfg, Co (when issued)IT Preferred (when issued)1f........ . Amer. Telegraph A Cable. ....1 0 0 Bay State Gas 1T--..................... 50 Brunswick Com pany..--..........100 Chic, June. By. A Stock Yards. 100 Colorado Coal A Iron D evel... 100 Colorado Fuel A Iron.............100 Preferred................. 100 Columbus A Hooking Coal.......100 Commercial Cable— -..,*,.*..1 0 0 Consol. Coal of Maryland........ 100 Detroit Gas............... 50 Edison Elec, 111. of N. Y .. . . . . . . 100 Edison Elec. 111. of Brooklyn.. 100 Erie Telegraph A Telephone ..100 Interior Conduit A Ins............. 100 Laclede G a s ...--......... . . — .100 P r e fe rre d ..-...--,................... 100 Maryland Coal, p re f.____ 100 Michigan-Peninsular Car Co.. .100 Preferred- .................. —.100 Minnesota Iron............ 100 National Linseed Oil C o... —...100 National Starch Mfg. C o..._. ..100 New Central Coal..... ................. 100 Ontario Silver Mining...............100 Oregon Improvement C o...___ 100 Pennsylvania Coal.................... 50 Quicksilver M in ing............. ...100 Preferred................................. 100 Texas Pacific Land Trust—....1 0 0 0. S. Cordage, guar., tr. certfs.100 XL S. Express..... ........... ...100 0 . S. Rubber preferred...— — 100 Wells. Farvo E xpress........... 100> 90 Highest Lowest. 146 Jan. H R's Jan. .... Jan l l l t i Jan. 115 93^ 91 Jan. - —• 91 Jan.. 22% Jan. .... 3 J am 233s Jan, 4% Jan28 Jan. 2M Jan. .... 2% Jan. .... 2 i*fl 2 2 *s 21*4 Jan. i% 3% }26k: 28 i 140 29 100 3 ........ 89 6 OJ2 U9 78 45 Jan, 92% Jan, GOlj Jan, 19% 18^ Jan. 80 78% Jan. 60 J03 J1S . . . . . . 5 4k! 4 7 ...... 3^a 213 310 2% 15*2 .. {19% 20 J40 187 95 io o 61 Jan. 20% Jan. 78% Jan, .... 53 Jam 18 Jan, 4% Jan, 63 Jan. 20% Jan.. 4% Jan. 8 Jan, 2°s Jan, 9 Jan. 4*4 Jam 2 Jan, 2 Jan. 5 17 Jan. Jan. 5 2'Z Jan* Jam Jan, 100 Jan. HO NEW YORK 8T0CR EXCHANGE PRICES.— S T A T E B O N D S J A N U A R Z 17. 8EOUIUTIE8. Bid. Alabama—Class A , 4 to 5 ........1906 107 Class B. SB............................1906 107 Class 0, 4s............................. 1906 95 96 Arkansas—6s, funa.Hol. 1899-1900 do. Kan-Ho? ford ico" 7s, Arkansas C entral B B ............ S7 100 New York City Hank Statement for the week ending January 11, ’ 896. W e o m it tw o aiphers (00) in all oases. B an k s, (00a omitted.) Bid. Missouri—Fund............. 1894-1895 North Carolina—6s, old..........J&J Funding act.......................... 1900 New bonds, J& J........ 1892-1898 Chatham B K ................................ Special tax, Class I ..................... Consolidated 4s....................1910 102 6s............................................1919 120 South Carolina—4%s, 20-40.. 1933 104 6s, non-fund........................ 1888 1 Cnrreiu'T funding- 4 s.............1920 Louisiana—7a, cons_________ .914 Stamped 4b.................................. 8 ,w oonols, 4b............ 1914 SEC0RITIEB. Ask. 109 ! Capital Surpl’sl Loans. Specie. |Legals. IDeposits Bank of New York.. £ 2 , 000,0 $1,965,4 $12,040,0 $ 1,580,0 Manhattan Co...— 2.050.0 2.078.5 13.273.0 1.327.0 8.403.7 1 ,670,4 983.7 Merchants’ ...— ... 2, 000,0 8.538.0 1 022.0 2 , 000,0 2.101.6 Mechanics’........... 1.500.0 2.389.4 16.109.0 3.164.6 America-............. 4,009,0"} 248.0 422.0 Phenix..............— 1, 000,0 City— . ----------- - 1, 000,0 8.207.7 20.196.7 11,515,1 72,4 750.0 1.919.4 192.5 Tradesmen's......... 300.0 7.382.5 23.164.0 8,404.9 Chemical 3.712.9 164.5 600.0 Merchants’ Bxch’ge 782.0 Gallatin National... 1 , 000,0 1,6*20,5 0,217,7 568.5 1.440.4 229.5 300.0 Butchers’ADrovers’ 216,8 830.2 400.0 Mechanics’ & Trad’ 2.620.0 188.0 200.0 1.027.7 172.8 Greenwich......... . 130.0 600,0 3.020.3 478.6 Leather Manufac’rs 195,8 300.0 1,694,2 105.3 Seventh National.. 277.7 489.4 State of New York. 1.200.0 245.0 8.229.9 American Exchange : 5,000,0 2.844.3 24.931.0 1.371.0 0 20,824,9 Commerce— ......... 5.000. 3,570,1 661.0 Broadway....... . ... 1.000 .0 1.634.6 5.641.9 939.7 964.0 6.596.8 1. 317.2 Mercantile.—-,. ... 1, 000.0 479,2 422,7 2.895.5 446.0 Pacific.........-....... 1.500.0 963.7 11.398.0 1.578.2 Republic—....... 450.0 6.140.0 988.1 Chatham...........— 797.8 251.8 200.0 1.911.8 215.2 People’s -......-....... 5.612.1 700.0 567.8 North America...... 321.8 Hanover...... .......— 1.000,0 1.967.6 12.499.6 4 . 178.7 500.0 2.813.0 342.5 Irving.— ........... . 337.0 600.0 •400,6 2.834.9 Citizen's——...... 400.0 500,01 265.5 2.307.0 Nassau..-...... ........ 141.4 750.0 848,7 Market A Pulton... 3,750,6! 505.0 1,000,0 43,2 268.9 2.973.9 Shoe A Leather— Corn Exchange----- 1 , 000,0 1,181,0 7.912.2 1. 553.7 4.742.0 Continental....... — 1 ,000,0 916.5 201.5 413.2 300.0 1.814.0 Oriental ............ . 193.9 Importers’ ATrader# 1.500.0 5.627.0 18.365.0 3.720.0 Park*..— ........... ■ 2, 000,0 3.214.3 23.920.8 3. 789.8 250.0 1.116.2 144.5 East River.... 115.4 Fourth National.... 3,20O,O| 2.105.3 17.500.1 2.090.1 Central National - ...; 2 , 000 , 0 | 479.4 8,-107,0 720.0 Second National... j -300,Oj 620.5 4.846.0 848.0 884,71 3.811.0 Ninth National,...,! 750.0 464.4 First National..— 1 500.0! 7.131.0 20.153.9 1,657/2 Third National...... ! 1,000,0! 262,1 7.624.7 1.263.3 300.01 N.Y. Nat. Exchange 1.403.0 72,7 145.9 250,0! Be wery.. ........... 2.809.0 571.1 453.0 New York County..! 200,Oj 437,91 2.682.7 740.1 750.01 2.709.4 276.2 German A an.. 308.1 13,3*10,0 1.713.8 500.01 Chase Nat) l! 064*41 6.534.9 Fifth Ate 888, d (3Orman E: 2.094.4 600,0 330.2 Germania. 3.117.6 653.3 550 "of 4,62 9, b| United SH 649.9 573,0! 6,477,9? Lincoln... 755.4 635,8! 4.412,4! Garfield-.. 816,9! 312,31 1,551,7; Fifth Natl 209.9 787 Oi 4,818,5: 861.2 Bank of ih g n o j 2,349,0 i 298,01 West Sid© 4,984,0 Seaboard*. 804,0 235,6 339,5: 1,784,0 Sixth Naff 2<0,0 Western 3S 282.2! 8,33(5,4! 1.217.4 884,7f 5,266,0) First Nat, 920.5 Bout aei n 2 589 4? 8,136,0] Nat, Onion 439.9! 7,039,6 1,03 S*7| Libertv N; 154,5| 1,670,2| 40,41 N.Y Prod, 205,5 8,422,5 j 520.0 j . $1,540,0 $11,410,0 2.741.0 14.311.0 9,055,1 672.3 1.682.0 7.881.0 2,460,7 19,157,4 3.900.0 1.042.0 4.298.5 31.484.1 289.7 1.853.6 3.027.9 22.165.3 4.282.4 524.5 1.149.1 5.056.1 220,0 1.578.7 340.0 2.635.0 1.029.3 231.1 766.4 2.837.1 200.1 1.998.5 539.0 2.634.2 2.789.0 18.299.0 2.981.6 14.468.3 344.0 4.925.2 1.111.9 7/257,1 502.0 3.449.8 1.549.1 12,018,9 720.2 6.206.6 538-9 2,882,6 5.058.6 592.0 3.012.3 17.953.4 528.8 2.774.0 247.1 3.168.2 579.3 3.054.4 614.0 8.917.9 414-8 3.009.3 1,106.0 9.286,8 669.2 5.867.4 481.0 1.873.0 4.424.0 20.835.0 4.379.5 27.880.3 306.3 1.157.6 2.956.9 17.811.5 1.632.0 9.175.0 1.365.0 6.485.0 4.056.7 460.8 4.136.5 19.003.4 915.2 8.549.1 222.4 1.325.5 364.0 3/243,0 271.1 3.484.4 431.9 2.727.8 4.510.3 17.727.4 1.402.4 7,738,7 676.1 3.425.6 222.4 598.3 1.140.0 454.6 465,8 1.261.6 335.0 1.116.0 398.0 1.214.9 544.1 511.5 833.0 391.0 319.0 .017,1 i458.208,4 •'7 1 ,W 2< -7»,)>i4,l Ask. 8ECUBITIEB, Tennessee—6s, old---- ..1892-1898 6s, new bonds . —,._1892-8-1900 do new series............... 1914 Compromise, 3-4-5 6 s ...... . 1912 Ss................. ......1 9 1 3 Kedemption 4s...........1907 do 413s....... .......1 9 1 3 Penitentiary 4%s................. 1913 Virginia funded debt, 2-3S...1991 JJz ! 6s, deferredt’st reo’ts, stamped. Bid. Ask. 84 85 59 "s 60% 6 New York City, Boston and Philadelphia B anks: Capital BANKS. Surplus, Loam. Specie. Legals. Deposits,t Girc’Vn. $ N. Y .* $ $ $ $ $ Dec. 14.. 134.011.7 492,990,9 07,495.8 81,659,4 523,055,5 13.990.1 601,050,4 “ 21.. 134,000,6 489.640.6 67,856,5 78.555.0 517/290,8 13.973.1 747,817,6 “ 28,, 134.139.8 478,466,5 67,114/2 74,097,8 501,089,3 13,926,7 607.659.3 Jan. 4„ 134.139.8 465.580.7 88,954,7 73,728,7 491,614,9 13,952,9 645.072.3 “ 11.. 134.139.8 458,208,4 71,346,2 78.654.1 491,268,8 14,002,6 613.214.1 Bos.* Dec. 28.. 69.351.8 169.480.0 11.315.0 5.438.0 150.896.0 8.949.0 89,558.7 Jan. 4.. 69.351.8 168.110.0 11.160.0 5.330.0 150.606.0 8.893.0 103.281.2 “ 11.. 69.351.8 166.865.0 11,329,0) 5.794.0 145.752.0 8.945.0 88,019,1 Phil a. * Dec. 28.. 35.263.0 108.996.0 28,6 61f0 107.637.0 6.347.0 80,444,9 Jan, 4.. 35.263.0 108.159.0 108.948.0 6.364.0 81.548.3 29,585.0 “ 11.. 35.263.0 107.629.0 107.737.0 6.396.0 69.070.3 30,022.0 * We omit two ciphers in all these figures. t Including for Boston and Phils delphia the item “ due to other hanks.” Miscellaneous and Unlisted Bonds ; M iscellaneous Bonds. M iscellaneous Bonds, Boston On. Gas tr .certs., 5s. Manhat. Beach H, A L. g. 4s. Ch. Jun.A S. Yds.—Col.t.g.,5s Metropol. Tel. A Tel. 1st os Col. C, & I. Devel. gu. 5s*.... Mich.-Penin. Car 1st 5s. — Colorado Fuel—-Gen. 6s........ Mutual Union Telag.—8s Col. A Hock. Coal & I.—6s, g. N. Y. A N. J Telep. gen, 5s.. Cons.Gaa Oo..Chic.—1st gu.5s 84 b. Northwestern Telegraph—7s. Consol. Coal oonv. 6s............ People’ s Gas <fc C. 1 1st g. 6s. Det. Gas con. 1st 5 s .......__ Co., Chicago.... i 2d g. 6s- lOHab* Edison Elec. III. Co.—1st 5s . 105 b, lat cons. g. 6s. 98 b, 1st consol,, gold, 5s__ ...... 99 1). Pleas. Valley Coal-1st g. 6s, Do of Bklyn., 1st 5s__ Sunday Creek Coal 1st g. 6s.. noT'b. Equit, G.-L..NYY., cons.g. 5s. U. S. Leather—8. f. deb., g.,6s I ll b* Equitable G. A F.~1st 6s. .. 96 b. Western Union Teleg.—t 108 Xjb. Henderson Bridge—1st g. 6s. WheeLL.E.&Pitt* Coal lst5s 68 b. Illinois Steel deb. 5s.......... Unlisted Bonds, Nomoonv. deb 5 s ........__ Am. Spirit Mfg.,1st,when iss. Int. Cond. A Ins. deb. 6s...... Comstock Tunnel—-Inc. 4s.. 7 b. Notk.—“ 5” indicates price bid; f a ’ } price asked, * Latest price this week Bank Stock List—Latest prices this week, BANKS. Bid. America...... 320 Bowery*...... 270 Broadway... 235 Butchs’&Dr- 145 Central....... Chase...___ 8 , 826,0 Chatham... — 5/260.4 ChemicaP,..* 4100 7.323.6 C ity....... .. 5.398.1 Citizens’..... 133 1.844.7 Columbia__ Ask. banks. Bid. Ask. (*Not listed,) banks. Bid. A sk G&rfieKL____ 400 L N Y N at^ix I 75" German Am. i ‘20’ " N inth....... 115 300 German E x / 19th Ward.. 242Vj Germania.... 110 N. America. 145 ....... Greenwich.. 177 Oriental 220 120 Hanover.__ 307 Pacific.,,..,,,. 195 .... Hud. River.. Park........ 271 2S5 350 Iin, & Trad’s5 550 People’ s .... 4350 Irving......... 111 Phenix...... i o r ...... Leather Mis’ 170 Prod. 115 Lincoln...... 670 37 Republic,... ,148 Manhattan.. 201 Seaboard... 167 207 | 6.580.5 205 Second__ _ 430 485 2.407.0 Continental - 125 Mechanics’ . . 187 ^ Seventh.... 6.203.0 Com Exoh.. 295 M’chs’ & Trs’ 155 Shoe& Le'tb 92*4 96*' 1.528.0 East Elver.. Mercantile 182 Southern... 100 140 8.370.7 n th Ward... 200 MarchLilts’*. 132% 135 10S 112 5.480.0 Filth Ave*.., 2700 ........ Merch’ts Ex. 110 108 2 . 184.4 itutb*.......... ..... Melvropolia.. 93* 102 . HO Union Sq.* 190 7.062.4 | First-------- 2750' ...... Mt. Morris-. 1,558,3 First N*, S. I_ Nassau,..*,., ISO Union....... 2.027.5 | 14th Street.. 170 N, Ams’dam 150 Un’d States 175 Fourth* ...... 181- New York... 230 240 Western, ... 110 113 *a 161,268,8 ! iU....... 310 N,Y. Co’nfcy. 530 ^ I1 Side.. 275 THE CHRONICLE. J a n u a r y IS, 1896.J BOSTON, PHILADELPHIA Saturday, Jan. 11. f Indicates unlisted. A ted. T. A 3. Fe|(Bort<m)..100: A tlantic & Pae. '* 100 Baltim ore * Ohio (fi'jtl.).l Balt. City P u ssie r « 25 Baltimore Traotion “ 25 Baltimore Trao’nf! (PAif.). 25 14% 14% 33% 1630 16% •206% 203 100 100 167 100 n o Boston A Lo wall " Boston * Maine “ Central o f Hass. “ Preferred “ 100 Oriio. Bur. A Quin. “ 100 74% Cuio. MU. A i t . P. IPAU. 1.100 67% 8% OhoO. AG.vot.t.e. “ 50 27% Clt. St By o f la d ' •* 100 90 F itchburg p ref.. (B oston).100 36% Lehigh V alley.. (P h ila .). 50 Maine Central tBoston), 100 ‘ . . . . M etropol’ u T ra c.f (P h il). 100 93% *9 M exican Cent’ ! f Boston). 100 New England___ •• 100 “ AND BALTIMORE STOCK EXCHANGES. E f* S h a re P r ic e s — n o t P e r C e n tu m P r ic e s . A ctive Stocks, Preferred ........ 125 100 Monday, Jan. 13. Tuesday, Jan. 14, 14% 14% 14% 15 Wednesday, Jan. 15. Friday, Jan. 17. Sales of the Week, Shares. Bangs of sales in 1896. Lowest. Highest. 14% l i \ 7,722 12% Jan, 7 15 Jan. 2 14% 15 14% 14% *Ig wl3 % 34% '39*2 40*4 42 42 *41 42 22 5 S7H Jan, 9 43% Jan, 15 43% 43% 9 68*2 6 8 % 69 69 280 '6 8 =*68 % 69 10 % 161% 17 17 645 16 Jan. 7 17% Jan. 2 16% 16% 467e 17 17% 17% 17 17 16*9 iaH 183s 16% 16% *167s 17 17 770 17 7 17% Jan. 2 15% Jan. 16% 206% 206*2 200 % 206% 206 2061*1 206 206 205 205% 100 204 Jan, 7 206% Jan. 2 203 203 203 202% 2 2 % 203 203 203 203 2)3 28 204% Jan. 17 203% Jan. 2 167% 137 167 167 167 167 167 167 167 167 167 176 167 Jaa. 11 170 Jan. 2 ‘ 10*9 13 « 13 *12 13 ♦54 *54 58 58 *55 58 74% 74% 757s 75% 76% 75% 76 7 5 % 7 5 % 7 4 % 7 5 % 10,315 72 Jan. 7 77% Jan. 2 67% 6 4** 69% 637s 69% 69% 69% 68% s o * 68 68’ « 16,365 64 Jan. 7 69% Jaa. 14 9 10 *4 11% 9% 10% 8% Jan. 11 12^ Jan. 2 97S 10 9 7a 10 9 'S 9% 23,052 27% *27 29 27% 27% *27% 28 2,946 2 5 Jan. 2 30 Jan. 2 27% 267e 27% 27 90 89% 90 90 90 90 90 90 90 89% 90 170 S9% Jan. 8 9 1 Jan. 2 36% 36 37% 37% 37% 37% 3 7 % 37 37% 35% 35 1.810 347s Jan. 7 37% Jan. 15 _T . . . . . . ____ _ ____ •135 137 ...... . ..... 136 136 ^ Jan. 3 136 9 Jan, s 13o 08% io o 102 103% 104 103 *3 104 103 104 * 101 104 2,342 94% Jan. 7 104% Jan. 14 9% 9 % 9% 1,558 9% 87s Jan. 6 9% !»% 9 % 9% Jan. 16 9 "8 i 45 *45 45 46 5 47 9 _ *77 85 *82 89 82 Jan. 3 84 Jau. 4 07% 67% •67 .. . . . . . . . . . . . . . . . . .. . ___ 3 67% Jan. 16 6T1s Jan. 18 0i 61 3 3 3% *3 1,310 3 3 j% 3 3 3% 2% Jan. H 3'% Jan, S 3 12% *12 12k 71 10% Jan. 7 12% Jan. 3 1 2 % •12 12*9 *11% 12% 12k 12% * 12 177 *177 *177% 177*a 177 i* 90 175 h Jan, 6 178 .Tan 177 178 •177k 51% 51% 52 52 Jan. 7 52% Jan. 16 52% 52% 52%. 52% 5 2 % 52% 52% 3,837 !% 4% 4 % i% *l *11-• o 844 1% lit 1 4 Jan, 10 i 1^ Jan. 17 1% l u n. 63% 03% 64 637a 04 04 64 64% 61% 63% 64 2,663 62 Jan, .8 65% Jan. 4 3% 4 3% 3<% 3% 3% 3% 3% *3 3,63 7 3% Jan. 13 3% 3% 4 Jan. 2 10% 10% 11 10% 10V 10% I07S 10% 10% 10% 11 4,4 IS 10 Jan. 8 1 Jau. 10 ...... northern Central (S a lt.). SO * 3 Norther i PatHUe (P h ilo.) 100 Preferred * 100 m i * Oi l C olony....... (Hatton) 100 177 51% P en n sylva n ia...(P h ila .). 50 1% Phila. A Be tdiog. *• 50 63 B hliadelpb. Tree. « so 3% Onion Par i tic .. . f Barton 1.100 10% O n io n r fa c tio n ..(Phila.). 50 a ilH C e lla tie o a * s t o c k * . Am.Bug'r Kettn.1i ( Boston)----- 103% 101% 9S 93 P refe rre d ____ " Bell Telephone.. " 100 194 198 68% 81% Boat. A Montana. " 25 12 4 12% Butte A Boston , " 25 Calataet A Heel* ■* 25 295 295 Canton Co ......... (B a it.). 100 Consolidated Gw* '* 100 57% 57% 24% 21% EUse.Stor. B»t'yT> (PA*tad .t o o 21% Preferred f •* 100 23 61 81 Erie Telephone ' Bottom .100 G eneral Elect rie. " lo o 103% 97% 104 69% 12% *29 5 104% 103% 104% 101% 103% 102 93 97% 97% 97 98 93 l <8 193 10 4 197% 198 198 71% 71% 73% 7L% 73% ”71 13 12’ s 13 12% 12% 13 296 2J5 205 29 j 296 29 i 57% 57% 58 54 54 23 26% 25% 2-5% 25% .*»»** . . . . . . 27 24% 24 61 #u 81 81 80 % 2d 26 2 !% 20% 25% Preferred........ 100 *52% 48% *52% 68% *52% 54% 52 18 13 10 19 MS LamsonStoreSer. ** 50 *13 ...*** 43 43% 45 45 45 4> L eW h G oal* v a v. f Phila.) So 43 «8 * . . . . . X7 •86% N E. Telephone tB ottom 100 *88% 86 UN 12% 10% 10% 10% 11% 12 P m llest.L .A P ew fP A U a ,/,,... C ni f<i G c iinn.• •• 50 *. 64% 69% 63% 68 66 63 .51 51 51 51 Wuiisbaob Light 1, “ 5 52 52% 5i% 2 % ♦1% *2 W * ( End L and. .(B oston) . . . •i% •i% T4 - Bid and iakdd prioe*; no sale wa* made. Inactive S tock*. Thursday, Jan. 16 Bid. Ask. 57% *25 *26 80 •25% 52 •19% 45 * ....... 12% 10% 68% 68 52 '51% 2 2 r»s 2«% 26% 61 25% 52 19 % 45 Inactive stocki. Bid 102% 101%101 10.331 97% Jan. 7 104% Jan. 97 97% 7J9 95 Jan 7 93 Jan. 97 198 198 212 107 Jan. 2 199 Jan. HH 72% 89% 71 28,580 65 Jan* 7 73% Jau. 12% 3,061 u % j.ia. 7 13 Jan. 12 !s 12 295 295 120 295 Jan, 3 256 Jan. 65 *60 57% 57 % 58 792 57 Jam 8 6844 Jan. *26 25% 68 t 24 Jan. 7 28 Jan. 25 27 *25* __ 77 23 Jan. 7 30 Jan. 60 1,281 59% Jan. 2 61 Jan. 60% m 420 2 2% Jan. 6 26% Jan. 26 -i 25% 25 \ *J0 53 59 14 50 Jan, 8 58 Jan. 19% 18% 18*6 103 13 Jan, 7 19 Jau. 45 46 45 218 42 Jan. 10 45 Jau. HH 83 56 8 3 Jan. a 89 Jan. •36 12%. 14% 12,996 If 9 Jan. 7 14% Jan. 88% 68 63 % 1,516 68 Jan. 10 81% Jau. 53 51 5i% 363 43 Jan. 8 52% Jan. 2 4 *1% 2 1% Jan. 7 2 Jau. AAk.j Bonds, 13 2 4 15 2 2 3 2 2 4 3 3 4 13 2 17 2 14 16 Bid. 92 54 ;....... . ; 53 People’s Trac. trust certs. ls ..l9 13 Jus no Pe.-Klomea, 1st «er.,5s. 1918, % -J 101 (....... . 265 104% 105 Phila A Erie gen. M. 5g.,l920, A AO 117 >119 50 96 Plain A s ........................ 1910, JAJ 98 •c Gen. mort., 4 g ..........1920, AAO 1 0 4 % ....... . 50 2% Cole, Burl. A Nor. Iet5,1926, A AO ,103 103% Phila A Read, new 4 g „ 1958, JAJ 75 i OM awleea..................... 75% M 49 1st p re fe rre d . . . ___ 2d mart, 6*..................1918, JAD 5 97 99 , 1st pref. inoome, 5 g, 1958, Feb 1 27 27% 53 ! Debenture 8 ».............. 1896, JAB f 97% 99 Centra! Ohio .............. (Ball.). 50 2d pref. Income, 5 g, 1958, Feb. 1 14 14% 15 17 C hicago A West Mich. (Norton) 100 12% 95 i 3d pref. Income, 5 g, 1968, Feb. 1 12 Ohio. Burl. A Quincy 4s..1922, FAA } 93 100 139 142 i Iow a D ivision 4s....... 1919, AAO! 5 95 OUHMetlent A Pas*.. 98 ' 2d, 5s.......................... 1933, AAO 118 120 100 240 245 Connecticut River . . •* Chlo.AW.Mloh. (fen. Its,1921, JAD \ .15 Consol, mort. 7s........ 1911, JAD 126 O7 25 O d isoi. Tract. » f y J .'.tP h U o i 100 Consol, o f Vermont, 5s. 1913, JAJ 5 88 Consol, mort. 6 g ........ 1911, JAD 87 100 163% 75 | Itnprovemont&L 6 g,, 1897, A AO 103 106 IMawareA Bound Br. " Current Elver, 1st, 5 s..l9 2 7 , A AO 5 67 10 12 Flint * Fere M arq.. .(Norton) 100 Con.M.,5 g.,stamped, 1.922, MAN 96% 97 Bet. I-ana, A N or'n M .7 s. 1907,JAJ; 1 65 68 35 100 30 Preferred ................ •* * a«tera 1st mort 6 g.1906,M A S., } U 6*| 120 Termlual 5s, g ---- ..1941. Q.—F. 105% 105% Li Hestonvtlie Pausing. (Phila.) 50 4 7 f ree.Elk. A M.V..1 at,6«. 1933, end.' *127 Phil. WUm, A Balt., 4 s .1917, AAO 104 130 50 62 Preferred f ............. Pitts. C. A 8t. h., 7 s ....1900, FAA 115% 5125 127 50 30 Hunt. A Broad T o p ... ** K.C. C.A Spring.,lst.»g.,1926, AAO: 5 70 Koohester Railway, oon. 5s ..1930 99 103 78 50 52% 53 P referred................. " Bchuyl,R.E.81de,lat5 g.1935, JAD 108 109 95 K O. F .S .A M . c o n .0»,192 8, MAN 5 92 Kan. V’T h’.S. & Mem. (Boston) 100 15 18 64 Onion Terminal lot 5a.......... FAA K .C .Mem. A Blr.,l»t,2s,1927,M A S • 61 Preferred .......... . *■ 100 50 60 112 1JAJ1 2 2 1 K. r . St. Jo. A C. B., 7 s ..1907, Little Schuylkill........ (PhUa.) 50 62% 118 A t « SS;aBrf!tl S ^ f i 9 0 7 , 95 L. B ook A Ft S .,1st,7 s ..1905, JAJ { 90 50 67% 68 Mine HOI A 8 ,Haven >* Baltimore Belt, 1st, 5s. 1990, MAN 97 100 L oais..E v.A St.L.,H t,6g.l926,A A O 510 i 107 50 55 Nemmeboniog V a l. . . '• Balt, O. Pass. 1st 5s....1 9 1 1 ,MAN U5 115% 2m.. 5 - 6 g................. 1936, AAO 5 85 North American C o .. " 5 Mar. H, A Out,, 6s........ 1925, AAO n o s 100 4% 107 i Balt. Traotion, 1st 5s..1929, MAN 110 Worth Pennsylvania. *‘ 50 85 t-r, t. M exican Central, 4 g . . . 1911, JAJ 5 80 66 %' Extern A impt. 6s___10 »1, MAS Oregon Short L ine.. .(B o ttm ) 100 6% 7 l«toon*<>i.ir,.:om.*«,2 g, non cum. No. Balt. Dtv., 5s.......1942, JAD 18% 19 Pennsylvania AN , W. (Phila.). 50 35 2d consol, incomes. 3s, non-enm. 3% 9% Baltimore A Ohio 4 g., 1935, AAO 102 % PhliadeL & E rie........ 50 24 Pitts. A Conn., 5 g— 1925, Fa A N. V. A N.Eng,, l e t .7 s ,1905, JAJ* •118 118% 100 2 3 1st mort. 6 »........... ...1 9 0 6 , JAJ •1 1 1 % 1 1 2 Staten Island, 2d, 5 g.1926, JAJ 100 68 Preferred,. 70 O vicn . AL.C., C on .6 ».. .1920.AAC 5102 103 ! Bal,AOhio8.W„lst,4%g.l990,JAJ ioo" 108 100 9 B% ln r.6 *.................................... 1920 5........ 20 CapeF.AYad.,Ser.A„0g.l916, JAD Preferred................... “ 100 27 21 Bn Hand, 1st,6s........... 1903,MAN n o g 110 Series B „ 6 g ........................ 1916,JAD West E nd................. .(Bottom) 60 66% 67 Series C .,6 g ........................1916,JAD 2d, 5s...........................1 8 9 8 ,FAA 4100 101 P referred.................... " SO 99% 90 Cent, 4% g ..................... 1930,MAS 1 Cent. Ohio, United Co*, o f N, J .. (P h ila .).100 *38 .239 A B e g ll5 7d ^ W ? ^ t , J A J Pass., 1st 5s ....1932, MAN 11 1 % 112 West Jersey................... " 60 54% 55 Atlantic City 1st 5s, g., 1919, MAN 103 City A Sub., 1st 5s........ 1922, JAD 140% __ _ _> : Chari, Col.AAue.ext.5a.1910, JAJ 106 107 West Jersey A A llan . " 50 .........! 25% Balvidere Del., 1st,6 a ..1902, JA D n o Western N Y. A Penn “ 100 2% s Buffalo By. con. 1st, 5s..........1931 Col. A Greenv., 1st 5-68.1017, JAJ 108 110 105 Wisconsin C entral...fB ortoni. 100 3% 3% Catawlssa, M .,7 » ...................1900,FA A 79 Ga.Oar.ANor. 1st 5 g . . 1929, JAJ 112=8 P referred ..... ............. " 100 ......... 15 Choc. Okla. A Gulf, prior lien 0*.. 106% Georgia Pao., 1st 5-6s... 1922, JAJ 110 W orc’st-SasU.AKoch. “ 100 110 .115 ! CitUcns' St.Ry.ol lnd.,oon.5«.1933 North. Cent. 6s............... 1900, JAJ 108% 108% 80 KMCatLANSOVS. Colntnb. St, tty,, 1st, con. 5 s ..1932 115 103 68.................... 1904, JAJ A lloner MtnV. asst p d f Bortomj. 25 ’30 ! 100 Cotunib. O. Crosstown, lst,5s,1933 100 j Series A, 5s..................1926, JAJ U 2% 113 Atlantic Mining......... •* 25 16 17 ConsoL T ra ct.o f N. J „ l6t.5ft.1933 79% 80 »4-%s.............................1925, s e .......................... AAO 112 1 1 2 % B a y State G as*.......... “ 50, 10 ; 10 % Dei. A B'd Br'k, 1st,7 s.1905,FAA 126 ........ iPledm.A Piedm.ACum., Cum.,1st, g.1911,FAA FAA 1st, 55g.1911, Boston L a n d . . . . . . . . . " 10 3% 103% 104 4 Easton A Am, lstM .,58.1920, MAN 108 1 0 4% % ........ iPitta, iIPlttAA AConnells. OonnellB,Ist7s.l898, 1st JAJ Centennial M ining... ’’ 10 •15 . . .J. 115 i.. 1Sonthern, I■s tB JAJ •25 Elmir. A W U m .,let, 6».1910, JA 90%' 91 g ■ ■h ., . . . . . . .1994, — F ort Wayne E le c t,!.. " 85 I 2 i Ilostonvllle M. A F „ eon. 5S..1924 ....... . ...........Virginia Mid., 1st 6 s ...1900, MAS ........ 116 Franklin M ining___ _ “ 25 11 12 Hnnt. A B r'd T op .C on .S s.’iJS.AAO 106 .........<; 2d Series, 6 s.................1 SHI MAS Frenohm-n's Bay L’d . ** 5 1 -J 1X1 :i 3d Series, 68...............101 •, MAS 1%' Lehigh tfav, *%«................... 1914,Q 103% IUinoU Steel. ............... •• l o o 61 63 ; 2d 6e, g o ld ........................ 1897,JAB 104 104% : 4th Series, 3-4-5e...... 1921, MAS Kearsarge Minina:......... " 25 It 11% General m ort. 4%a, g .l9 2 4 ,Q —F 101%i .......f 5th Serins, 5s............1926, MAS 102 104 Osceola Minin*.......... " 25 23% 24% Lehigh Val.Coat 1st Ss,g.l933,J& J 99 100 West Va C. A 1st, 6 g.1911, JAJ 105% 106 P ullm anP alace Car. " 100 1 5 1 155% Lehigh V alley, 1st 8 s...1898, JAB 105% ........ : Wert’i. N.C. OOnsoL 6 g.1914, JAJ Penn*yiv»n:a Steel.. iPhila.i.XOO1 27 30 2d 7 s ....... ..................... 1910, MAS 134 ........ 1'WUm, Col. A Aug., 6s.. 1910, JAD Preferred t ................. >• 10O 60 85 ; O on-ol. 6 ................................1923,JA. .B. . . . 1 2 5 I MI8CEU.ANEOOS. Qnlnoy Mining. ....... (B ottom . 25 123 124% Newark Passenger, con, 5»,..1930 102% 103% Baltimore Water 5 8 .,.1 9 1 0 , MAN 121 % Tamarack M ining___ >* 2 Sj U s 110 ; Worth Penn. 1st, 7 s ....1896, M*.N 102 % Funding 5 s . . . . . . ...... 1916, MAN Water Pow er.......... •• lo o ] i Exchange 3 % s...........1930, JAJ i%; Gen. M. 7s....... ........... .19 03, JAJ 120 74 C tw tagli, Klee. A M.. « 50} 3 0 ; 30% Pennsylvania gotl. 6s, r„1910, Var Virginia (State) 3 a ,new . 1932. JAJ 60 60% Prof., euraoU tive. " 60 63 Funded debt, 2-3s........1091, JAJ 53% Consol. 8s, o ........1 9 0 5 , Var 118 106% Consol, 6 » ,r .................. ..,,.1 9 1 9 , Var Oheaapeane Gaa, 6 s .. . . . 1900, JA D 117 115 * V?oo.A i.*'®l$5?y"4 g.,1989, JAJ •73 ' 73% Consol. 0 » « , 6s.............1 9 1 0 , JA D Collar,. Tr, 4% ....... 1913, JA B 103% 104% 2d Strife, tr„. Class A .. 1880, AAO 1 *22% 2.4 5 s .................... .......1 9 3 9 , Pa, A N . T , C a n a l,7 s ...1006,JA D 122 B jatoa Ifniteii Gas lad3 a . 1 479 Con. 5s. ........ .1939, A.•■-<> SO ,110% Eunitabie Gns.Hx . price* of January IT la A Charlotte (llail.i. 100 A tl tnta .100 204 * Frits* Includes overdue coupon*. V Unlisted. 5 And accrued interest. THE CHRONICLE 126 ^ T vOKK VOL, l x x i. STOCK EXCUANUE PRICES ( Continued)—-TC'77V E BONDS J A N U A R Y 17 A N D i O R Y E A R I 8» » . ' "Range (salesJ in 1896. Qlosiny Range (sales) in 1896. R a il r o a d a n d M isoel . B o n d s . Inter* t Closing Price ------ —----------------------- Price Jan. 17. Lowest. Highest. Period Highest* Lowest. l r I'iOii Jan- 17 53h> Jan. 60% Jan. 31. K. & Tex.—2d, 4s, g . ... 1990 F A A 58ia Amor. Ctetion OU,deb.,8g.l900| Q—F 110 % 110 Jau. 110% Jau. Mo. Pao.—1st,oon., 6 g ---- 1920 MAN 97 Jan. 97 95 Jau, 70 Jau. 68 66 Jan. Ann —'1 s t, 4s» g. . - .lt ftiu vjN -j 108 b. MAN 3d, 7 s........ 1906 f 69% Jan. t74 Jau. 1 Pao. of Mo.—lBt,ex., 4g.l938 F A A 100 b. 102 Jan, 102% Jan. f 73 3-4«; Cl. "A " lBt Uistai.pi pH A A O t 2 2 % 119% Jan. 123% Jam i 2d ext. 5 s ......................1938 J A J 76 b. 72% Jan. 76 J an. Sew gem 4s, when Is s u e d .......... . St,I.. A ir. Mt.let ext.,5s. 1897 F A A 101 b, ■14%b. 42% Jan. 45 Jan. Adjustment Is, when 2 d ,7 g ............................1897 MAN 100 b. 100 Jan. 100 Jan. 120 Jan. f 21 Jan. CoX.M'.'Uaii.l—Cons.. 4 g.lggO F * A *120 Cairo Ark. & Texas,7 g. 1897 J A D 99 b, 101 Jan. 1<>1 Jan. Atl.&Ptto -Goar., 4 K- - lU3j ;. ••- - ... Gen.R’y A land gr.,5g.l931 79 Jau. A O 79% 79% Jan. 99 Jan ida ‘ Jan. Mobile A Ohio—New,6 g ..l9 2 7 A Brooklyn Elev.—let. 6 K•• jA * 2 100 J & D 110 b. 117 Jan. 117 Jan. 100 % Jan65 hj Onion Elevated.—o g ... . too M A N I 00 *sa. 97% Jam 62 % Jan. M AS 66 Jan. General mortgage, 4s— 1938 99 97% Jan. 99% J an. Nash, Cli. A St L .-1 s t ,7s. 1913 J A J 125 b. 127% Jan. 127% Jan. __........ 48|F & Aj B’kiyn Wiirf.tW.il—lat,5s,g. 108 Jam Canada Boiukorm lBtoe i90»|J & .) 106^b. 106 Jan. 104% 100 b. A A O 100 Jan. 100 J an. Consol., 5 g .. .................1928 Jau. 2d5e - - ........... 1013 M A 88 101 %b. 104 Jan. 92 b. 92 Jan. 92 Jan. Nat’lStareli Mfg.—1st, 6S.1920 M A N CeutOA-8;*W.iste«n.58-iy29 ........ * 65 a. ........ . . . . . . N. Y. Central—Debt ext. 4s. 1905 M A N 101 % 100% Jan. 101% Jan. Central of N. J.—Cons,, <8.1899 J A J 119 1st, coupon,7s.................1903 118 Jan. 120 Jan. A S 107 b. 107% Jan. 107% Jan. Oon«ol.,7B............tuS ..1002 M A N 111 % Jam i Deben., 5 b, coup., 1884.. 1904 M General mortgagee g - .- l» e J A J I l l b. 112% Jan. 105 MAN N. Y. A Harlem, 7s, reg.1900 Jam j Leh.&W.B.,oon.,78,a3 d.1900 *105^a. 105 Jan. R. W. A Ogd.,ooimol., 58.1922 A A O 117 117 Jan. 118% Jam * 90 b. *• mortgagees.1912 Shore, guar., 4s___2361 J A J 105 101 Jam 105 Jan. lll% b . 112 Jau. 112 Jam N.West Am. Dock * ta p .,5 b. . . . 1921 J A A A O 102% 102 Jam 103 Jan. Y, Chlo. A St. L,—4 g . . .1937 Central Paetfie.-Uold. bn.1808 J A J 100 b. 99% Jau. 99% Jan. N. Y. Lack. A W —1st, 6a.1921 J A -J *126 b. 129 Jan. 129 Jan,. Chen. & O klo.-8er A, t, g.1908 A A O 116 b. Construction, 5s..............1923 F A A *110 b. Mortgage, 0 g.................19“ A A O 116 a. N.Y,L,E.*W.-lSt,0on.,7g.l92< M A S 136%b. 135 Jan, 135% Jan. M A N 107% 104% Jan. 107% Jan. letoonaol.,5 K-— 2d oonsol., 6 g ............... .1969 J A D 1 70 b. t66% Jan. f72 Jan, 76 Jan. j Long 75 68 % Jan. General 4 %s,g........ . — -199* M A S Dock, consol., 6s,g. 193 A A O 127 b. B, A A. Div.,l8tcon.,4g.lU89 J A J 94 b. 91% Jan. 94% Jan. N. Y. N. H. A H.—Con. deb. otfs A A 0 135%b. 133 Jan. 136 Jan. “ 2doon.,lg.l98U J A J 80 b. 83 Jan. 83 Jan. N. Y. Out. AW.—Ref ,4s,g.l992 M A S 89% 00 Jan. 80 Jan. Elijs.Lex.ABig8an.-5g.1902 M A S 98 b. 98 Jau. 100 % Jau. Consol., 1st, 5s, g ............ 1939 J A D 108 107 Jan. 109 Jan. 115% Jan. 110% Jan. N.Y.Sus.AW—lstref.,osg.l937 Chlo.Burl. * Q.—Con., 7s.1903 J A J 116 97%b. J A J 99 Jan. 100 Jan. Debenture, 5s..................1913 M A N 101 b. 100 Jan. 101 Jan. Midland of N. J., 6s, g . 1910 A A 0 115%a. 115 Jan. 115% Jan. Convertible 5s................ 1993 J1A 8 102 b. 100 Jan. 102% Jam Norf.&W.—100-year, J A J 55 b. 5s,g.l99o Denver Division 4 s .........1922 F A A Pacino—lst,ooup., 6g.l921 J A J 114 b. 113% Jan. 115 Jau. Nebraska Extension, 48.1927 MAN 88 b. 87% Jan. 88 >4 Jam No. General, 2d, coup., 6 g.. 1933 A A O 101 100 Jan. 102 Jan. Han.&8t.Jos.-Cons,,68.1911 M A S 116 b. 116 Jan. 118% Jan. General, 3d, coup., 6 g -. 1937 J A D 69 a. 64 Jan, 69 Jan. Ckio.AE, 111-—lst,s. f.,8a.1907 J A D 113 b. 1 X2 Jan. 112 J an. J A D 35 Consol, mortgage, 5 g . ..1989 31% Jan. 136 Jan. O on aoL ,6g....................... 1934 A A O 123 b. 123 Jan. 123 Jan. M A N 77 b. 80 Col. trust gold, notes, 6s. 189s Jan. 77 Jan. Generaloonsol., 1st, 5s..1937 MAN 100 997q Jan. 101 Jam Ohio. & N. Pao., 1st, 5 g.1940 A A O t 37 b. t .37 Jan, too Jan. Chicago A Erie.—1st, 5 g.1982 M A N 107% 105% Jan. 108% Jam F A A t 41 Seat.L.8. AE.,lat,gu.6.1931 141 Jam t40 Jan, 22 %b. i2 0 Jan. 120 Jan. Income, 6b.......................1982 Oot. P a cific* Mont.—6 g.,1 9 3s M A t 28 f 26 Jan. f30 Jan. Obio.Gas L. & 0.—1st, 5 g. .1937 J A J 91%a. 90 Jan. 91% Jam No No. PaolfloTer. C o .-6 g...l9 3 8 J A J 100 b. 100 Jan. 101 Jan. A 123 b. 123 Jan. 123 Jam Ohio Chic,Mil.*8t,P.—Con. 7a. 1905 A Miss.—Con. 8. f,, 7s,189- J A J *104 a. 103 Jan. 103% Jam A i l l b. 1st, Southwest Div., 6s. . 190y Southern—1st, 6 g . . . 1921 J A D 87 b. 87% Jan. 90 Jan. A 114 b. 112 Jan. 114% Jan. Ohio let, Bo. Minn. Dlv ,6 b. . . 1910 27 b. 25 Jan. General mortgage, 4 g... 1921 M A N 25 Jam l8tICh.*Fae.W.Div.,5s.l92l Ill A 110 Jan. I l l Jan. Oregonlmpr. Co.—1st, 6 g.1910 J A D 91 91 Jan. 90 Jan. A Okie. A Mo. Biv. Div.,5 b. 1920 n o 4 b. 103% Jan. 103% Jan. 30 A A O Consol., 5 g .......... ........... 1939 36 Jan. 30 Jan. lOS^b. 107% Jan. 107% Jan. A Wise. & Minn., Div., 5 g.1921 J A J 109 105 Jan. 109 Jan. A 110 b. 108 .1an. 108 J an. Ore. B. A Nav. Co.—1st, 6 g. 1909 J Terminal, 5 g ...................1914 A D *192 a. Consol., 5 g ...................... 1925 t o o Jan. f 90 Jan. A Gen. M., 4 g., series A ... 1989 93 93 Jan. 94 Jan. Penn. Co.—4*9 g., coupon. 1921 J A J 110%b. lOSL Jan. 110% Jan. A D 115 b. MILA Nor.—1st, oon.,6s. 1913 Peo, Deo. A E vansv.—6 g. 1920 J A J 97 b. Chlo, A N , W ConBOl.,7s.l915 Q~F 140 b. 96%b. Evansv. Division, 6 g ... 1920 M A S Coupon, go.d, 7 s ............ 1902 J A D 116 b. 118% Jan. 118% Jam 2a mortgage, 5 g............. 1926 M A N * 28 b. 128 Jan. 128 Jan, Sinking luud, 6a............. 1929 A A O 112 112 Jan. 112 Jan. Phila. A Bead.—Gen,, 4 g .1958 J A J 1 75% i 71% Jan. 176 Jan. Blnkingland, 5 s.........1 9 2 9 A A O 108 b. lstpf.ine.,5 g.,lst inst.pd.’ 5« t 27% IS1-!- Jan, 127% Jan. Binking fund, aeben., 5s. 1933 MAN 105 t 14 5% Jan. 114% Jam 25-year debenture, o s ...1909 M A N 106% 103 Jan, 106% Jan. 1 2dpf.lno., 5 g.,lstinst,pd.’5H t 12 3dpf.ino., 5 g,,lstinst.pd.’58 3% Jan. i 12% Jan. Extension, 4s..................1926 F A & * 99 b. 100 Jan. 100 Jan. Pittsburg A Western—4 g.1917 J A J 74%b, 74 Jan, 75% Jan. Ohlc.R.I.APao.—6s., coup. 1917 J A J 127 b. 70 Jan. 75% Jan. Extension and ool., 5s...1934 J A J 101 % 100 Jan. 102 Jan. RioGr. western—1st, 4 g,193a J A J 74% 80-year debenture, 5 s...1921 MA S 92L>b. 92 Jan, 93 Jan. St. Jo, A Gr.Island—6 g.,1925 M A N -M50 a. 150 Jan. 150 Jan. M A N 112 b. St. L. A San Fr.—6 g., Ol.B. 1906 112 Jan. 112 Jan. Okie. St. P. M. & O.—68.. ..1930 J A D 124 b. 124 Jan. 125 Jan, 6 K., Class 0 ....... 1906 M A N 112 112 Jan. 112 Jan. Cleveland A Canton.—5b. .1917 J A J 79 79 Jan. 80% Jan. J A J *100 b. General mortgage, 6 g .. 1931 101% Jan. 101% Jan. 0 .0 . O. A I.—Conaol., 7 g.1914 J A D 119 Jan. 120 Jan. Cons, guar. 4s, g ............. 1990 A A O Generaloonsol., 6 g— . .1934 J A J 119 b. M A N 71 St. L, So. W est.-1st, 4s, g.1989 71% Jan. 70 Jan. A A 0 80 a. 79%, Jan. 80 Jan. 0. 0.C.ASt.L.—Peo,AE.,4s.l940 2d,4s,g., In com e,.........1989 J A J * 26 b. 24%, Jan. 27 Jam Income, 4s.................... ..1990 April. * 20 a. M A N 119 b, it.P.M.&M.—Dak.Ex„ 6g. 1910 001. Coal & Iron.—6 g.......1900 F A A * 97 b. 94% Jan. 100 Jan. IstconsoL, 6 g ................ 1933 J A J 119 117 Jan, 119 Jan. Col. & 9tUAvo. gu. 5s, g ...l9 9 3 M A 8 112 % 111% Jan, 114 Jan. J A J 101 b. “ reduoed to 4% CoULVaiATol.—Oom,5g.l931 M A S 85 b. 83 Jan. 88 Jan. Montana Extension, 4 g.1937 J A D 85 b. 87 Jan, 88 Jan. General, 6 g ..................... 1904 J A D 85 b. 80 Jan. 88 Jan. J A J 50 b. 51% Jan. 56 Jan. D enver* RioGr.—lst.7g.1900 M A N 1 1 L b. 110 *s Jan. 112 Jan. A A O 1st eonso!., 4 g................ 1930 J A J 87 83 Jan. 87 Jan. MAN 93 b. 94 Jan, 94 Jan. Dnl. So. Sh. * Atl.—5 g .. .1937 J A J * 95 a. 95 J an. 95 J an. io. Pacific, Arlz.—6 g .. 1909-10 J A J 94% 94% Jan. Ft. W.ADenv.Oity.—6g.L 9 2 1 J A D 65 94% Jan. 64 Jan. 67% Jan. lo. Pacific, OaJ.—6 g . . . . 1905-12 A A O A109%b. 108% Jan. 103% Jan. Gal.H.&BanAn.-il.*P.D.lst,o« M A N 92 91% Jan. 93 Jan. 1 st consol., gold,o g.......1937 A A O 92% 92% Jan. 91% Jan. Gen. Eleotrlo.deb. 5 s ,g ...1922 J A D 86 b. 85 Jan. 85 Jan. lo. Pacific, N. M.—6 g..._,1911 J A J 100 b. 101% Jan. 103% Jan. Hons. AT.Cent.,gem 4s,g.l921 A A O 69%a, louthern—1st cons, g., 5s. 1994 ■J A J 91 91% Jan. Illinois Central.—4b,g — 1953 M A N 87% Jan. 98 b. 99 Jan. ib o Jan. E. Tenn. reorg. lien 4-5s. 1938 M A K 92 a. 91% Jan. 91% Jan> WesternLines, lst,4s,g.l951 F A A 103 103 Jan. 103 Jan. E. T. Y. A G.—1st, 7 g .. .1900 J A J I l l a. 107 Jan. 107% Jan. InLAGreatNor.—lst,6 g.1919 M A N 115%b. 115 Jan. 115 Jan. Com5 g ........................1956 M A N 105 b. 105 Jan. 107 Jan. 2d 4r-5g............................. 1909 M A S 70 b. 70 Jan. 72 Jan. Georgia Pao. lat 5-6s, g.1922 J A J •110 b. 110 Jan. 114 Jan. low a Central.—1st, 5 g ___1938 J A D 91%a, 90 L3 Jan. 92% Jan. Ktioxv. A Ohio 1st 6s, g.1925 J A J 113 b. 114 Jan. 114 Jan. Kings Co. Elev.—1st, 5 g .. 1925 J A J 70 b. Eioh. ADanv. oon. 6s,g.l915 J A J 115 b. 115 Jan. 1:18 Jan. Laclede Gas.—1st., 5 g...,1919 Q -F 93 J an. 94% Jan. 94% West.No,0*ar.l8toon.6s,gl914 J A J lll% b . 113 Jan. 113 Jan. Lake Erie A West.—B g ....1937 J A J 113 113 Jan. 114 Jam lenmO. X. A By.—TemD.,lst,6 g A A O 85 b. 89 Jan. 89 Jam ILShore.—Com op,, 1st, 7 b.190 o J A J 112 b. 113% Jan. 115 Jan. Birmingham Div., 6 g .. .1917 J A J 90 Consol, ooup., 2d, 7s...... 1903 J A D 121 a. 119% Jan. 119% Jan. 90 Jan. 91 Jan. lexas A Pacifio- lat, 5 g .. 2000 J A D 85 Lex. A y . A Pav. F. gu. 5s,g,1993 M A S 112 81 Jan. 85 Jan. l l l L j Jan. 113% Jan. 2d, income, 5 g— ........ 200u March 19% 20% Jan. Longlaland.—1st oon., 5 g, 1931 Q—J ! 118%b. 18 Jan. J A J 105 %b. 105% Jan. 106 Jan. General mortgage,4 g.. 1938 J a d ! 97 97 Jan. 98 Jan. J A D 71 %a. 171 Jan. 172 Jan. Louis, A Nash.—Cons., 7s.189s A a O: 105 b. 105% Jan. 106 Jan. J A J 104%b. 102% Jan. 105%, Jan. N.O. A Mobile, 1 st,6 g . ; 1930 A J 118 118 Jan. 118 Jam Ext. sinking fund. 8 .....1 8 9 9 M A S 91%b. 90 Jan. 94 Jan. " “ 20, 6g.,193b J A .1 101 a. 97 Jan. 97 Jan. Collateral trust, 4% ___ .1918 M A N 40 b. General, 6 g .....................1930 J A D 118 b. 114 Jan. 114 Jan, Gold 6s, ooi. trust notes.1894 F A A 96 , Unified, 4 g.................. 1940 J A J 76% 96 Jan. 93% Jan. 71% Jan. 77 Jan. Kan. Fao.-Den. Div.,6 g.1899 M A N 107 b. 106 Jan. 106% Jan. Louis. N. A. A Ok.—1st.,68.1910 J A J lll% b . 111% Jan. 112% Jan. 1 st consol., 6 g — .....1 9 1 9 M A N • 73 Consol., 6 g ......................1916 A A 0 100 a. 100 Jan. 100% Jan, 170 Jan. 174 Jan. Oregon Short Line—6 g.,1922 F A A 104% 1100 -Jan. 106 Jan. Loula.Bt. L. * Texas.—6 g.1917 F A A 54 b, 55 Jan. 57 Jau. Or.S,L.AUt’ kN.—Oon.5g.1919 A A O ■ 57 Manhattan oonaol. 4b........1990 A A O 98 151 Jan, 157% Jam 97% Jan. 98 Jan. U.P.Dem*Gulf,eom, 5g.l939 J A D 34% Metro. Elevated.—1st, 6 g 1908 J A .1 116 b. 116% Jau. 118 Jan. 35% Jan. 31% Jan, F. S. Cord.—1st ooL, 6 g.,1924 J A J • 32 2d, 6b.......................— .1899 M A N lOS^b.l 106 JaiL 106%Jam ISO Jan. 132 Jan. Trginia Mid.—Gen.M., as.19 m a n 95 b. 08 Jan, 99 Jan. Mlob. Cent.—lBt,oonB„ 7b. 1902 M A N 116 b.i 118% Jau. 119 Jan. Yabash—1st, 5 g ........ ....1939 M A N 103% 102% Jan. 104 Jan Consol., 5e........ ..............1902 MAN 104 b. 2 d mortgage, 5 g........... .1939 F A A 75 MlLLakeBh.AW.—lst,6g,1921 M A N 130%b. L29% Jan. 130 Jan. 69 Jan, 75 Jan. Extern & Imp., 5 g..........1929 F A A 11312a. 113 Jan. 113 Jau. West. N. Y. A Pa.—1st, 5 g.1937 J A J '106 b. 105% Jan. 106 Jan Gen. 2-3-4a, gold............ 1943 A A O • 45 b. 44 Jan. Mlun.&St.L.—1st eon.os.g. 193-1 MAN 96 b. 96% Jan. 99 Jan. 44 Jan J A J 105% 105% Jan. 106% Jan M o . K . & E —1st 5a, g,, gu.1942 A A O 88 b. 86 Jan. 90 Jan. J A J 40U i 37% Jan. 141 Jan, 80 .] an. 84% .Jan. M ,K . * T exas.—1st,4»,g .1 9 9 0 J A D 83% “ b” indicates prioe bid; “ a ” prloe asked; the range is-inade up from actual sales only. * Latest prioe this week, t Trust receipts. B jULKOAD A»I> MlBOEU BONDS. NEW Y O R K STO C K E X C H A N G E P R IC E S —<C o n t in u e d J .- I iV A C T ir a B O N D S - J A N U A R Y 1 7 . 8EO DEITIES. Bid. Ask. Railroad Bonds. I Stock exchange Prices.; Alabama Mid.—3»t, g., guar.1928 A, T. A S . F —2d, 4a,Class B . 1989 Chicago A St.Lou.—1st, 68-1915 Ool. Mid. 1st, g., bs..............1936 Atl. A Pao.—2d W. D., gu. 6s.1907 Western Division lneome,..1910 Balt. A Ohio—lat. Os.Park B.1919 90 SECURITIES, Bid. Ask. 96 Balt. A Ohio—5v, <oid...........1925 96 Jons, mort., gold, 5s. ........ 1988 W, Va. A Pitts.—1st, g., 5s..1990 96 B. A O. S. W., 1st, g., 4%S...1990 Monon. River, l8 tg „g. 5 s...1919 Omit’ i Ohio Reor.—1st, 4%s.l930 102 Ak.A Ch.Juno.—Ist,g,5s,gu.l930 Brooklyn Elevated—2d, Ss... 1915 * 2% Seaside A B.B.—1st,g.5s,gu.1942 119 Btudbw ck A W'n—1st, g. 48,1938 74 8.5 SEC DEITIES. Bufl. Booh. A Pitts.—Gen., 58.1937 Rooh. « P., 1st, 6b..............1921 Rooh. A Pitts.—Cons. 1st, 6s,1922 Buff. A Susqueh.—lat, 5a, g.,1913 Burl Ced. Rap. A No.—1st, 5s.l906 Consol. A eollat. trust, 5 s ...1934 Minn11A St. L.—1st, 7s, gu.,1927 Iowa C. A West.—1st, 7s__ 1909 Ced. Rap. I, F. A N., 1st, 6S.1920 IS* 5s ___ - ______1071' Bid, A sis 95 ’ 100 125 114 119 104% 105% 9 9 % 100 104 103 90 ---we 10S THE CHRONICLE. J a n u a r y 18, 1896.} 127 NEft rOBK. STOCK. EXCHANGE PRICES.—INACTIVE BONDS—f Continued)—JANUAST 17 aECURITIEB, BU, Ask. SECURITIES, Bid. F. &.P.M.— 1st. eon, gold, 5 s ..1939 92% O.Ohlo—Col. ACttt.M ,lat,4%e.l939 At. Baron D iv,—1st, 5 s 193S Gent. KR. A Bank. -C o l. ?.*•>.1937 105 Ua. CeD A Pen,—1st g. 53__ 1918 Cent, of N .J .—C o n v .d e b ,,6 s,1908 Cent Pacific— Gold bonds, 6e.1896' 100 ......... 1st con. g., 5 * ....... ..............1943 61 Gold bonds, 6s ...................... 1397 IOO i........ : *>. Worth A E. G.—1st g., 5 s ..1928 "0*5" 105 San Joaquin Br., 6s ...........,1900 100 . . . . . . . Gal. Bar. A San Ant.—1st, 6s. 1910 100 2d mort., 7 s...........................1905 M on. gold 5 s ......................... 1939 Ga. Car. A Nor.— 1st, ga. 5s, g.1929 Land grant, 5s, g................... 1900 Grand Rap. A Ind.—Gen. 5 s.. 1924 C&L A O. Div., ext., g. 5 s .-.1918 100 G, B. W. A St. P .—1st, eon. 59.1911 *35 West. Pacific—Bona 4 6s ---- 1899 100 *1 2d Inc. 4 s ............... ..............1906 No. BaBway (Cal.)—1 st, 63.1907 91 Hone-atonic—Cons, gold 5s__ 1937 121 50-year 5a........................... 1938 105 * N. H aven A Derby, C ous.5s..l918 112 Ches. & O.—Pur. M. fund, 6S.1898 93 :: Hous. A T. G,—Vr’ aeo A N. 7S..1903 125 Craig Valley—1 st, g., 53 ---- 1940 103 ....... I s t g ., 5s tint, g td j..................1937 Warm Spr. Val., 1st, g. 5 s ..1941 .......;i Coes. g. 63 tint, g td l.............. 1912 Caes. O. A Bo. West,—1st 6s, g. 1911 -----!| Debent, 6s, prin. & in:, gtd.1897 3d, 6s ....................................... 1911 90 80 .......I; Debent. 4s, prin. * int. gtd.1897 Oh. V .—G en.eoa.lst,gu.g,5s.l93S Chicago * Alton—8 . F., 6s .. ..1903 116 .........: OUnols Central—1st, g., 4s . . . 1951 103 ido' 99 ... 1st. gold, 3 % s .......................... 1951 Louis. A Mo. River—1st, 78.1900 HO 3d, 7s.................................... 1900 105 ..... : Gold 1 , ...................................1952 100 104% ....... Cairo Bridge—4 s ................... 1950 St. L. Jacks. A C h ic—2.1, 7s. 1398 102 Spring!, Div.—Coup., 6 s___ 1898 M ss.R. Bridge—1st, s. f., 6s.l912 105 ......... 103 | Middle Div.—B eg ., 58.............1921 Ohio. Burl. A S ot.—le t, 5s___ 1926 105 C. et. L, A N . O.—T en .I .,78.1897 Debenture 6« .......................... 1896 1st, consol., 7s.....................1897 Ck v Barling. A 6 .—5s, a. f.,1901 10 0 % Iowa Div.—S in k .fu n d ,5 a ..1919 100 Gold, 5a, c o u p o n ................ 1951 116 118 100 Mernp. Div., 1st g. 4s....... 1951 Sinking fund, 48............ 1919 *98 100 Cod. Fails A Minn.—1st, 7e.. 1907 PHln, 4 s..................................1921 Chicago A Iowa Div.—5 s ... 1905 ltiO ....... la d , D. A Spr.—1st 7s, ex. op. 1906 120 125 90 Cnie. A Indiana C o a l-ls t 5 s .1986 .........1 ........ tad. Ills. A Iowa.—1st, g, 4s.. 1939 *85 ChJ. Mil. A B t.P.—1 st, 68,P .D . 1898 109 111 1 le t, ext., £. 5s.........................1943 » d ,7 3-l0s, P. D ...................1898 123 ........ Int. A G . N 'n .-3 d , I s . g ....... 1921 62 ...... ;K ln gsC o.-F .E l.,let,5,g.,gn.A .l929 l» t ,7 s , $ g ., B .D .................. 1902 121 t04 1st, I. A St., 7 s ...................... 1397 121 122 Lake Erie A W est.- 2 3 f t , Ss. 1941 1st, I. A D „ 7s...................... 1899 121 ........."L . 8. A M.Sou.—B.AE.—New 7a.'93 106 103 126 1st , a A M ., 7 s...................... 1903 Det. M. A T.—le t, 7 s............ 1906 109 1st, I. A D. Extension, 7 » .. .1908 Lake Shore—Div. bonds, 7s. 1899 Kal. AIL. A Q. K . l s t gn. 58.1938 110 1st, La C. A Dav., 5s.......... 1919 124 Mahon’g Coal R R - l s t , 5 s .1934 U 0% 1st, H .A D .,7 s .................... 1010 1st, n . A D „ 5a..................... 1910 Lehigh V .> * .Y ,-H t gu.g.4%s.D)40 10 1 % 102 Chicago A Pacific Div., 6s. .1910 Lehigh V.T erm .—Letgu 5a,g, 1941 111 % Mineral Point Div. 5 s .......1 9 1 0 Lehigh V’y C oal—1st Ss.gu.x. 1933 a A L. Sap. Div., 5a............ 1931 Litchf. Car. A West.—1st 6«. g.1916 Fargo A 8onth., 6s, A m u .. . 1924 Little Rock A M.—let, 5s, g ..ll»1 7 X io.oon v . sink. fund, 5s-----1916 Long island—1st, 7 s ................ 1898 Dakota A Oft. South., 5s___ 1916 96 Ferry, 1st, g., 4 % -................1922 411. A Nor. main line—6s . . . 1910 Gold l a .................................... 1932 Colo.ANorw.—30-year deb,5*. ’.921 N Y. A R’ w a y B .—1st,g .5 s .l9 2 7 100 gseanaba A I . 8 .1 s t. 6s . . . . 1901 2d m ortg., sae....... .............1927 k » M , A Minn,—1st. 7s-----1907 N.Y.AM an.Beach, - l e t . 7s, 1897 100 I IW» Midland—1st, 8s .........1900 121 N .Y .K .A M .B .-la tcon .fts,g .l9 3 5 401 Psnlnsala—1st, ©onv., 7 s . . . 1898 Brooki'n AM ontauk—1st,6a. 1911 0 lie, A Milwaukee—1st, 7 s .1898 104 i n . 5 s .......... ............ 1911 Win. A 8t. P.—2d, 7s............. 1907 No, Shore Br.—1st con.5s,g. 1932 Mil. A Mad.—1st, 6« ...........1 9 0 5 toe Louis.Evans.A8t. L -C o n .5 s .1 9 3 9 O'.L 0. F. A 81. P .~ l* '„ 6«. 1909 105 Louis. A Nash.—Cecil. Br. 7 s ..1907 100 % Northern tU.—1st, 5 s ..........1910 105 E. II. A Hash.—1st Oa, g ....!9 1 9 113 MU. L, 8.AW .—C on.d«b.,5s. 1907 Pensacoia Division, 6a.........1920 100 M idi. D iv,, 1st, 6*.............. 1934 fit. L*."il , U.v;< ",.n. lit . 6 s... 1921 A -b -ic ,i Division—l » t , 6 * 1925 2d, 3 a . . . . ..............................1990 Oh. K. L A P -D .M . A F .D .l st 4s. 1905 Naaiiv. A Decatur—1st,7 s .. 1900 108 1st, 2% s........ 1905 8. L O s .-fi. A N. A la............. 1910 Extension, 4 s .....................1905 .................. 10-40, gold. 6 s ..................... 1924 Keokuk A Dos M.—1st,5 s ..1923 ....... il07% : 50 year 5s, g............................1937 98 Chlc.St. P .A Minn.—1st, 6a ... 1918 Peas. A A t . - 1st, 6s, g o ld ...1921 97 St. Paul AS. C.—1st, 6s .. — 1919 126 129 Collal. trust, 5*. g .............. .1931 101 % Ohio. A W. Ind.—1st. ». f .f 6s . l 9 U» ....... : L A V- A Mob. A Mont.— General mortgage, 6* ........... 1932 117 .........1st, 4 % e...................................1915 CBS Ham. A D .—Con.s. f „ 7s. 1905 115 ....... ; Nush.Fior.A8.—let, sa., 5s. 1937 id , gold, *% e ..........................1337 105% Kentucky Central— 1», g. ..1987 89 87 Oth. D. A lr*n - 1at, go. 5«, g. 191 i 103 . . . . Lou AJcif. Bilge C o —*iu.g.4s. 1945 CWv, Ak. A OoL—Eq. A 2d 6 s. 1930 ....... ;!lejo.N.AIb.ACb.—Gen.tp.g.5s.l940 67 C.U.C. A 8t. L , Cairo div.—4*, 1939 .. . Memphis A Chari.—6s, g o ld ..1924 84 L ou .D lv.~ la tool. ta’Ma, g. 19W0 92 92v, ; 1st '-on, Tcnn Uea, 7 s .......1 9 1 5 aprlng.ACoLDlv.—IsL g.ds. 1940 91% IMexican Cent- Consoi.—4s, g. 1911 whUeW.YaLDIv.—Ist,*. 4«. 1940 ......... 1 st, pons, incom e 3s, g— .. 1939 tin , Wab, AM.Div,—1st,g ,4s. 1991 94% Mox. liltefnational—1st, 4a.jg.l942 0111. I. S t !., A C.—1st,g,,44.1936 93 101% Mexicaii N auoaai—1st, g .,6 s . 1927 Qjnsoi , 6s ............................... 1920 2d. income. 6«, “ A” , . . . . . . . . 1917 ‘ 82 Uiu.8ao.ACl,—O o n .lsig .5 s, 192 » ICO 2d. litoonje,6s, “ I t " ............ 1917 C. Col Cln. A tmL—1st,7s.s-f.l899 1C6 ....... Michigan Central—6 «. . . . . . . . . 1909 Consol, sink, fund, 7 s.......... 1914 ___: C oupon,5 * , . . . . . . — ........1 9 3 1 U n . ASpr.—istC .C .C .A 1,7». 1901 ___ it Mortgage 4 s . . . . . .................... 1940 100 Cieve. Lorain A A h.—1st, 6a. 1933 107% Hat.C.AStrgis,—lst,3s,g.gu,1989 Cieve A Matt. V.—y e id . 110 . Minn.A ht. g. 7s......... 1927 145 Del. Lack. A W.—M ort 7s___1907 .........135 ! Iow a Extension, 1st,7a........1909 124 SSyra. Bing. A S . Y.—le t , 7s,1806 ........ I l l ;S Boats west B x t,—1st, 7«........ 1910 125 Morris A E ssex—1st, 7s ,» .,1914 *140 142 ! Pact lie Ext — let, « s ............. 1921 Bonds, 7 s . . . ............. 1900 11 2 110 iM o -K .A T e x .-ls t . e x t . 5s, g.1944 7s o f 1871............................1901 ........ Mo. K. AT.ufT«*.l»t..*u. 5*.«. 1» * sj 80 1st, eon., guar., 7s............. 1915 i ‘M b U l City 4 P., 1st,4 s ,g ..1990 60 04 Warren -id , 7 s ..................... 1900! . . . . . . 80 .........! Dal. A WMO—1 M ,5 s ,g h ....1 0 to D-AUA’an,—Pa.O iv.,«>np.78,lni7j . . . . Missouri Pacific—Trust 5 s . ..1917 83 Albany A B#»q —lst,gtt,,7n 1900; 130 i 1 st eoit., 5a, g ........................1920 72 st, cons., guar., 6s......... 19061 i t s ........ Bt L.AI. M. - Ark. Br., 1st, 7*. 1805 100 102 Ren*. A bar. let, coup,, 7 x .l9 iU Mobile A Ohio—1st ext., 08...1027 113 110 D e a f. Tramway—Con*.- 6s, g . lu io ! . . . . J 1 8t, hr A Cairo—4-, W &t....... 1931 StetropoL Ry.—l s t t u . g ,0 « .i8 lli .. i'M organ’ s L i. A T .—1 st, 89....1 9 2 0 111 n o Deny. A R. {E—Im p.,# ,, 5s, . . 193 s 84%!: 1st. 7s............... .......................1918 *125 127 Det.M. A 51,—L. g. 8%8,der,A, 1911 r i s 19 ;iNash- Chat. * 8 £■ L.—2d, 0 s. . 1901 ... ....... D e t A Mack.—1st lien, 4 s ,g .. 1995 ! . N. O. A. No. E ,--P r. 1.,g., 0B..1915 4s, g o l d . . . . . . . . .....................1 9 9 5 W ‘ H. Y. iv n tra l.—Deb. g. 4s___ 1905 100% Ouiutia * t o i l Range—1st ;•«. 1937 102 V. J. June—Gu.ir. 1st, 4 «...1 9 8 0 100 Erie—1st, extended, 7s.......... 1897: 1 6 i h !! Beech Creek— 1st,gold, la .. 1036 104 . . . . . . 2 d, extended, 6*................... . 1919 : 10 s Osw. A Rome—2d. os, g..gu.l915 . . . . . . 3d, extended, * % « ....___. . . 19 * 3 ! 105 ....... (I Utica A Bl. RiV.—4s, g., g 11.1922 102 *to, extended, 5s___. . . . . . . . 1920 n o 116 N. Y. A PUL — 1st. g., 48. gu.1993 *100 5th, extended, * 9, . .............. .lSjts'f 100 V, Y. N. a . A f l .—1st, rea, *8.1903 *136 1st, con., g., r d . T s ..............1930 1 .. Y . & Northers—let. e. 5 s.. 1927 114% ........ m 4 N. Y. A E.—1st, 7 s . . . ....1 9 1 , N, Y. Buaq. A West.—2d, 4 1 9 3 7 1*25 " 4- Y .L E . AW. FJld.cou, 5s. 1969 ........ , b e n . mort.. 5s, g ................... 1040 75 75 Col. trust.. 69......... 19*22 90 ifc A 8. W.—Mortg. 6 s ....1 908' ____ _ tiNorthctn P iw iflii50 100 ;....... . i Divid’ d scrip e x t I I 0»i A Rip .y ,.......................1922 ____ 1.......... i! James River Val.—1st, « s . . . 1936 79 . .... . . H Spokane A Pal.—1st, 6a.....1 9 3 6 E v » m . J T UM - St °*» V,>rv5’ l a l 3 : at-Faul A N. P.—Gen., 6 s ..1923 123% 125 1st, cone., 6e .............. 1931 107*V 110 HelenaARedM'n—l»t,g .. Os. 1937 10 ist. general, g.. 5, . . . . . ... ..1 9 1 2 70 DuiuthAManltoba—lsi,g.6sl93G ** DOLAMti n Dak. Div.—IstOa. 1937 ***• Vernon le t 6 s ................ 1923 70 Cmur d'A lene—1st,6s, g old .1916 8fiL Co. Br. let, g „ 5s.......... 1930 Gen. 1st, 6 s.................... 1938 I ? . " 18: $ ^ i a n . - l s t , sons. .1926 Flint A P. Maro.—Mort., iu .. 1920 Cent. W ashin gton -Ist.g.,6». 1938 101 SECURITIES. Bid. |Ask. N orfolk A South’ ll—1st. 5s,g.l941 105 110 Norfolk A W e st—General, 6s . 1931 .........122 New R iver 1st 6s. -...............1932 Im p. A E xt., 6a ..................... 1934 Adjustment M., 7 s ................ 1924 Equipment, 5s........................ 1908 Clinch Val. 1st 5 s................. 1957 Md. A Wash. Div.—I s t ,g .5 s .l9 il 60 RoanokeASo.—1st,g o. os, g.1921 Scioto Val, A N. E.—1st, 4s,.1991 *72" Ohio A Miss—Consol. 7 s ..........1898 104 2d consol. 7 s ......................... 1911 Spring.Div.—Iat7s............... 1905 General 5s..............................1932 Ohio R iver RR.—1st, 5a.......... 193t 101 Gen. g ,,5 s ............................... 193: *86 89 50 Omaha A St. Louis.—1st, 4 s ..1937 Oregon A Caiifor.—1st, 5 s, g.1927 82 Oreg. R yA N av.—C ol.tr. g..5s.l91( Penn •P.C.C.A8t.L.Cn.g.4%8A194t 107* Do do Series B . . . . . . 107 P.C.A 8.L -ls t , 0., 7 a ............... 190 Pitts. Ft. W. A C.—1st, 7 s ...1911 2d, 7s .................................. 1915 3d, 7 s................ 1912 Ch.8t.L,AP.—1st,con.S s.g... 1932 114 Clev. A P .—C ons.,s. fd,, 7 s.l9 0 ( 117 Gen. 4%s, g,, “ A .............1942 107 St, L V . A T . H.—1 st,6 s .,7 s .189' 103 2d, 7s.................................... 189f 2d. guar., 7 s........................ 1398 Gd. IL At. Ext.—1st,4%s,G.g. 1941 107 Peo. A E .-I nd. B. A W .-ls t.pf .7s.l90t Ohio tnd.AW.—ls tp r e f.o s . .1938 Peoria A Pek. Union—1st, 6s . 1921 110 2d m ortg., 4% s.......................192J 70 Pitta. Cieve. A Tol.—1st, 6 s ...1922 Pitts. A L. E r —2 d g. 5 s ,“ A ” . 1928 P ius. Me. K. A Y .—1st 6s____1932 Pitts. Painsv. A I*’ .—1st, 5 s . ..1916 Pitts. Shen. A L .E .—lst.g-.5a. 1940 70 1st oonsul, 5 s...........................1943 Pitts. A West.—M, 5s, g .1891*1941 Pitts. Y’ gst'nAA .—Is t, 5s,eon. 1927 R io Grande 80.—1st, g., 5s. ..1940 St. Jos, A G r Is.—2d too.........1928 Kan. 0 . A Omaha—1st, 5 s ..1927 8t L. A. A T . Il.-C e r u i. 5 s.. 1914 100 Bellev. A 80. 111.—1st, 8S..-1896 B elief. A Car— la l, 6s......... 1923 Chi. 84 L. A Pad.—lst.gd. g.5 s 1917 101 8t. Louis So.—1st, g»C g. 4s. 1931 *88 do 2d in com e,58.1931 Car. A S h a w t—1st g. 4 » . . . . 1932 Bt, L. A 8. F .- 2 d 6a,g., ol. A . 1906 i l T General 5 s............................. .1931 95 1st, trust, gold 5s............... 1987 Kan. City A S 1st, 6s, g ... 1916 Ft, 8. A V. B, Bg. -1 s t, 0 s ... 1910 *95 Kansas Midland—1st, 4s, g.1937 St. Patti City Ky, oon . 5s, g ... 1937 Gold 5s, g u a r .........................1937 St. Panl A Duluth—1st, 5s-----1931 113 2d mortgage 5s...................... 1917 103 105 8 4 Paul Miuu A M .- l s t , 7 s ..1909 105 2 d m ort., 6s ..............................1909 116 Mtonean. Union—1st, 6a— 192i 125" Mont. Cfcn,—1st, guar., 6 s ..1937 1st guar. g. 5 s ..................... 1937 101 East. Minn., 1st div. 1st 5 s .1908 *104 Wllinar&SiouxF.—1st, g,5s,193r San Fran. A N. P,—1st, g., 5s.1919 Southern—Ala. Cent., 1st 6 s .1918 Att. A Char.—1st, pref., 7 s ..1897 Incom e, 6s ........................ .1900 Coluni. A Green.—1st, 5 -0s.l91 6 E. 'eou. V. A Ga.—Dlvts.oa 1930 11 L 113 Rich.A Dun.—Eq. s, f. g, 5s. 1909 98 100 Deben. 5s, stam ped .........1927 98 Vlr’tt Mid.—Serial ser.A, 08.1906 Series R, 6s .......................... 1911 Series O. 6s .......................... 1916 Series D, *l*5s . . . . . ------ ...1 9 2 1 Series F. 5 s .......................... 1931 Wasb.O.A W.—1st our.gu.4s.1924 Ter, RR. Aa'n o f St. L — 1st, 4%s. ................... 1939 Ist, eou. g, 5a...............1894-1941 102 fit, L. Mur. Br. Term., g.5s,gu..l93u T exas A New Orleans—lst,7s. 1906 ,: Sabme Division, 1st, 6a....... 1912 Consol, ob, g ................ 1943 92 Tax. A Pae., H. D.—1st, g. Os. 1905 *105 Third Avenue (N, Y).—let 5s, 1937 118% 119 T.AO.C.—Kan,A M., Mort. 48.1990 78% 80 Pol. P. A W.—1st 4s,tne. I'lLoou.J uly 77% Ulster A D 6L—1st, oon.,0,,5s.192s 98 Union Paoitto— 1st, 08..............189ti 103% ......... 1st, 0B...................................... 1897 103bl 1st, 6s ......................................1899 104*s CtoUateraJ Trust, 6s .............. 190t Collateral Trust, 5 ».............. 1907 Kausas Paoitto—1st 0s, g .,.1 8 9 5 *102% l s t , 0 » , g . ............................. 1896 *103 — — 0. Br. U V - F .o ., 7s.......... 1895 __ Atoh. Col. A Pad.—1st, 6s ... 1905 -7 0 Audi. J. Co. A W.—1st, Os... 1905 *74 75 U .P . Liu. A Col.—1st,g.,5s. 1918 31 Oreg.8,L.AU.N.,ooLtrs4,58.1919 Utah A North.—1st, 7a........ 1908 Gold, 5 s ....... ........................ 1926 *93 ” Utah Southern—Gen., 7s ..1909 *58 65 Extern, 1st, 7 s................... 1909 *58 62 Valley R ’y Co. o f O.—Con, 6s. 1921 Wabash—Debenture, Bar. A..19.19 Debenture, Series B ------- ..1 9 3 9 '2 3 " 23% 100 Det, AOttio. Ext. 1st, 5s, g .,1 9 4 0 St u K .O .& N .-S t.O .B d ge6 i,li!0 3 *100 47 West N.Y.& pa.,geu.g. 2-3-43 1943 15% Ineuoio 5a............... 1913 -15 West. Va. G A P ttW .-lst, 08.1911 Wheei.AL.E.—1st. 5s, g o ld ...1926 100 >4 ........ Extension A Imp, g., 5s.......19. 0 Wls. Cent. Inomne 5». --------- 1937 _. ...... ...... •« No price Friday; these are the latest 4 dotations made this week. F o r 'llsaeiluueolt* an d Unlisted Bond*,—Bee 3d page preceding} THE 128 CH RONICLE Investment R o ad s. AJfD Slailvoad Intelligence. RAILROAD EARNINGS. The following table shows the gross earnings of United States railroads (and also a few Mexican and Canadian roads) for the latest period reported. The statement includes every fcTKAAi road from which regular weekly or monthly returns -can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two <;ol amns the earnings for the calendar year from January l to and including such latest week or month. The retu rn s o f the street railw ays are 'not included in this table, but a re brou gh t together sep a ra tely o n a subsequent p a g e. BoADS. Jan. 1 to Latest Date. Latest Gross Earnings. Week or Mo 1 8 9 5 -6 . [ 1 8 9 4 -5 . 1 8 9 5 -6 . 1 8 9 4 -5 . Adirondack......' N o v e m b e r . A ia . G t . b o u t n . . J l * t w k J a n 1 5 ,1 1 7 i 2 5 ,2 8 1 5 7 ,8 U 2 3 1 ,2 6 0 3,5411 1 3 ,8 1 l 7 8 8 ,1 0 0 1 4 8 ,7 0 1 12,902 2 4 ,7 * 8 5 2 ,4 3 3 1 9 9 ,1 8 1 3 ,9 9 3 1 6 .7 0 7 7 0 9 .0 8 3 1 6 0 ,9 4 7 92,329i 8 6 .8 3 1 1 ,0 2 9 ,1 3 3 ! 9 5 6 ,8 6 1 6 5 .8 4 9 i 4 8 ,1 6 1 1 0 ,3 9 s 9 ,8 0 8 2 0 . 3 0 6 1 2 2 ,4 9 8 4 4 .1 5 3 4 7 ,3 9 7 1 .5 2 7 ,7 1 3 1 ,4 4 0 ,5 9 6 5 0 9 ,5 4 3 4 3 4 ,2 8 0 2 ,0 3 7 ,2 5 0 1 .8 7 4 ,8 7 6 1 1 4 ,6 5 8 1 1 6 ,7 2 9 5 6 ,7 4 9 j 4 4 ,5 1 6 4 ,1 2 5 5 ,4 7 6 ! 1 ,5 1 4 2 , 22 0 , 3 4 ,9 0 2 3 6 .3 *8 5 2 ,7 7 0 4 8 .4 1 3 5 3 .7 8 9 4 8 ,1 6 9 ! 4 6 ,5 3 2 3 0 ,6 7 4 5 9 ,9 9 0 7 4 ,5 2 4 4 3 ,6 2 2 5 0 .0 7 0 3 5 7 ,00t 2 9 2 ,0 0 0 4 ,7 4 6 4 ,8 9 0 i 5 2 4 , 7 1 0 ’ 5 4 1 ,8 9 8 1 ,2 7 9 ,6 8 4 1 ,0 5 1 ,5 9 0 1 .3 3 5 ,2 2 8 1 ,3 3 8 ,0 2 7 4 7 ,5 8 7 3 7 .5 6 7 9 .0 4 5 1 2 ,1 5 1 1 5 3 ,9 6 2 1 8 1 ,4 1 3 2 5 5 ,3 1 4 2 4 5 ,2 5 4 1 5 1 ,9 5 5 2 6 6 ,1 3 6 2 ,9 3 8 ,8 5 1 2 ,5 8 9 .5 9 9 9 1 ,7 1 3 8 7 ,9 2 1 1 5 8 ,5 3 3 1 8 7 ,1 4 9 5 2 ,1 1 6 6 4 ,6 0 8 4 2 0 ,8 8 6 5 3 7 ,2 2 8 3 ,0 6 7 ,3 6 8 2 ,4 3 8 ,7 6 3 1 6 ,9 3 6 1 4 ,8 8 3 1 ,2 7 7 ,8 4 3 1 ,2 0 1 ,7 5 1 8 3 1 ,5 2 5 6 9 0 ,6 9 7 2 2 ,1 2 4 2 0 ,0 5 7 6 ,5 9 2 6 ,6 6 7 973 834 1 0 ,6 5 2 1 0 ,3 5 5 7 0 .0 0 0 7 2 .0 0 0 4 0 .0 0 0 3 2 .0 0 0 1 7 .0 0 0 1 8 .0 0 0 1 3 .0 0 0 1 8 ,0 0 0 1 9 ,5 7 2 2 .5 6 8 3 .2 6 9 2,686 8 2 ,6 2 0 7 3 .0 9 6 0 ,* 4 4 9 ,8 3 2 2 1 5 ,2 1 0 2 2 1 ,7 2 2 1 4 1 ,4 9 5 1 6 8 .9 7 1 1 3 ,5 3 8 1 6 ,0 9 9 1 4 4 ,9 6 9 1 3 0 ,7 8 4 2 3 8 ,2 0 8 2 0 2 ,0 8 6 1 2 ,4 3 9 1 2 ,0 6 0 1 5 5 ,4 9 2 1 8 0 ,4 6 1 2 4 ,7 4 8 2 5 ,2 8 1 5 1 1 ,8 8 5 5 0 6 ,5 1 8 2 ,3 5 5 .6 3 7 1 ,9 9 0 ,5 7 4 8 ,6 4 9 8 ,4 9 5 ! 8 * ,8 9 0 9 7 .8 5 0 2 9 ,0 0 0 ,3 6 2 8 ,6 0 9 ,9 3 4 6 ,0 0 5 ,1 4 7 6 ,0 9 1 ,8 6 1 3 ,7 2 4 ,0 2 3 3 ,1 8 7 ,7 8 9 3 8 ,7 2 9 ,5 3 ' 3 7 ,8 8 9 ,5 8 4 4 4 3 ,1 0 9 4 4 8 ,4 9 2 1 0 ,3 9 3 9 ,8 0 8 2 3 0 ,7 4 1 2 2 2 ,5 5 9 A la . M i d l a n d ... N o v e m b e r . A ll e g h e n y V a l. |N o v e m b e r . A n n A r b o r .......... ! 2 d w k J a n . A t k . M i d l a n d ... N o v e m b e r . A t e n . T . A 8 . F e . I th w k D e c 8 t. L . A S a n F. •lth w k D e c A tla n tio A P a c it li w k D e c A g g . t o t a l . . . 4 th w k D e c A tla n ta 4 W . P . N o v e m b e r, A t l a n . A D a n v .. t a t w k J a n A u s t in A N ’ w est N o v e m b e r . B a lt .C h e s .A A tl. O c t o b e r . .. 1 7 ,7 8 1 ,6 3 4 1 6 ,9 9 8 ,6 7 2 B . A O . E a s t L in e s D e c e m b e r . 5 ,6 6 5 ,0 8 5 4 ,7 6 3 ,2 3 5 W e s t e r n L in e s D e c e m b e r . 3 ,4 4 6 ,7 1 9 2 1 ,7 6 1 ,9 0 7 T o t a l ___ * . . . D e c e m b e r . .3 8 ,8 7 9 2 1 8 ,7 9 2 B a L A O .S o u ’ w . . 2 d w k J a n . 3 3 7 ,7 8 5 6 7 7 ,1 6 0 B a n g o r A A r o o flt . N o v e m b e r . 3 2 ,-8 0 3 1 ,3 1 6 B a t h A H a m ’ nds N o v e m b e r . 2 3 ,1 7 9 2 1 ,1 2 4 B lr . A A t l a u t i o .. D e c e m b e r . 6 6 ,5 0 4 6 9 ,1 0 1 B r o o k l y n K i e v .. 2 d w k J a n . 4 8 2 ,7 4 7 4 8 7 032 B r u n s w ' k A W est N o v e m b e r . 4 8 ,1 6 9 5 3 ,7 8 9 B u tt. R o o k .A P it t 1st w k J a n B u f f a lo A S u s q .. O c t o b e r . . . 7 4 ,5 2 4 5 9 ,9 9 0 B u r . (3.R a p .A N . 1 st w k J a il 85=».115 9 1 9 ,1 2 9 C am den A A t l.. N ovem b er. 2 9 2 ,0 0 0 3 5 7 ,0 0 0 C a n a d ia n P a c ific 1 st w k J a n 5 3 ,3 7 1 4 6 ,3 2 7 C a r . M id la n d — N o v e m b e r . C e n t , o f G e o r g ia N o v e m b e r . 1 2 ,0 4 5 ,4 7 4 1 1 ,2 0 8 ,5 3 2 C e n tra l o f N .J .. N o v e m b e r. 1 0 ,8 7 4 ,9 7 6 1 0 ,9 5 6 ,7 1 3 -C e n tr a l P a c i f i c .. O c t o b e r . .. 5 6 4 .3 5 6 4 7 7 ,4 2 5 O k a n est’nA S av. N ovem b er. 8 0 ,7 4 4 5 9 ,6 7 0 C k e r a w .A D a r l .. S e p t e in b ’ r. 1 5 3 ,9 6 2 1 8 1 ,4 1 3 C h e s . A O h io ___ 1 s t w k J a n 2 ,4 6 7 ,1 2 6 2 ,1 7 5 ,2 1 7 C k e s .O .A S o .W .. D e c e m b e r . 1 .8 0 8 ,8 2 5 1 ,6 9 2 ,8 1 8 ChlG. B u r. A N o . N o v e m b e r . 2 8 ,9 2 7 ,6 4 5 2 9 ,0 5 4 ,5 2 2 C h ic . B u r. A Q .. N o v e m b e r . 8 7 ,9 2 1 C h i c . A E a s t , i n 1 st w k J a n 9 1 ,7 1 3 1 ,3 5 0 ,3 3 5 1 ,2 3 4 ,1 2 4 C h lo a g o A E r ie . J u l y ............ 5 2 ,1 1 6 6 4 ,6 0 8 C h lo . G t .W e s t ’ n 1st w k J a n 1 ,0 0 3 ,9 3 3 8 3 0 ,8 8 0 C h i c .M il . A 3 t .P . 2 d w k J a n . 2 8 ,8 8 8 ,6 1 3 2 7 ,0 1 2 ,7 0 3 C k lo .& N ’ t k w ’ n . N o v e m b e r , O h io .P e o .A 3 t .L . l s t w k J an 1 6 ,9 3 6 1 4 ,8 8 3 1 5 ,3 5 3 ,8 2 5 1 6 ,3 3 3 ,8 5 6 C h io .R ’ k 1. A P . . D e c e m b e r . 6 ,8 4 9 ,6 4 0 6 ,7 6 3 ,5 3 0 C h ic .S t .P .M .A O . N o v e m b e r . C h ic. A W . M ic h 1st w k J a u 2 2 ,1 2 4 2 0 ,0 5 7 5 5 ,4 0 7 C l n .G a . & P o r t s . O c t o b e r . .. 5 8 ,0 5 5 C ln . A K e n t . Sou. N o v e m b e r . 1 0 ,6 5 2 C in .J a o k .A M ao. 1 s t w k J a n 1 0 ,3 5 5 2 ,8 7 6 ,0 0 0 2 ,6 9 9 ,0 0 0 C ln . N .O . A T . P . 3 d w k O c t. N . O rl. A N . E. 3 d w k D e c . 1 ,3 5 6 ,2 0 6 1 ,1 3 2 ,2 3 2 A la . A V lo k s b . 3 d w k D e c . 5 3 8 ,7 2 3 5 4 1 .0 8 3 V lo k s .S h . A P 3 d w k D e c . 5 5 3 ,3 2 0 5 2 0 ,4 0 8 C ln . P o r t * . A V . D e c e m b e r . 2 7 8 ,7 4 3 2 5 3 ,7 0 2 • C larion R i v e r . . N o v e m b e r . O le v . A k r o n A C o A u g u s t ___ 5 9 2 ,0 0 6 5 6 7 ,3 4 6 C le v .C a n . A S o .. 1st w k J a n 9 .8 4 4 9 ,8 3 2 C L C in .C h .A S t L 1 st w k J a n 2 1 5 ,2 1 0 2 2 1 ,7 2 2 P e o . A E a st’ n. N ov em b er. 1 ,8 2 0 ,1 0 2 1 ,4 4 5 ,4 5 6 C L L o r . A W h eel. 1 s t w k J a n 1 8 ,5 3 8 1 6 ,0 9 9 C ol. M id la n d ___ D e c e m b e r . O o l. H . V . A T o i D e c e m b e r , 2 ,6 5 4 ,4 8 3 2 ,6 7 8 .2 4 6 C o l. S a n d ’ y A H l e t w k J a n 1 2 ,4 3 9 1 2 ,0 6 0 C o lu s a A L a k e . D e c e m b e r . 1 8 ,9 2 0 1.000 1,100 2 1 ,6 5 9 C r y s t a l .................. O o t o b e r . . 7 ,4 6 0 1 ,1 4 1 8 ,8 7 2 998 C u m b T d V a lle y . N o v e m b e r . 7 8 1 ,1 9 2 6 8 ,6 3 2 7 1 ,1 0 3 7 3 2 .9 2 0 117,500 D e n v . A R io G r 1st w k J an 1 1 7 ,5 0 0 1 2 4 ,5 0 0 1 2 4 ,5 0 0 D e t .L a n s ’g A N o . 1st w k J a u 1 3 ,7 9 3 1 3 .7 9 3 16,485 1 6 ,4 8 5 D e t . A M a c k in a c N o v e m b e r 2 6 .4 7 0 3 3 6 ,3 3 5 1 4 .3 1 0 2 1 8 ,4 3 6 D u l.A I r ’ n R a n g c N o v e m b e r . 1 0 0 .9 9 8 5 3 ,8 4 2 2 ,1 5 5 ,6 1 3 1 ,5 0 0 ,0 2 .9 D u lu t h S .S .A A li. 1 s t w k J a n 2 4 .4 7 1 2 4 ,4 7 1 2 2 ,7 6 5 2 2 ,7 6 5 E lg in . J o l.A E a s t D e c e m b e r . 8 3 ,0 8 9 1 ,1 7 2 ,0 7 6 1 ,0 3 4 ,4 0 9 1 1 4 ,5 4 » E u r e k a S p r in g s O c t o b e r . 4 ,4 4 2 5 3 ,9 8 7 6 ,8 9 2 5 8 ,3 3 4 E v a n s . A I n d ’ p in 1 st w k J a n 5 ,4 0 5 5 ,4 0 5 4 ,7 5 6 4 ,7 5 6 E v a n s . A R ic h . 1st w k J a u 1,100 1,100 1 ,0 7 2 1 ,0 7 2 B v a n s v . A T . H . 1 st w k J an 1 9 ,0 2 0 1 9 ,o 2 0 1 6 ,4 0 0 1 6 ,4 0 0 F i t c h b u r g ............ N o v e m b e r 6 1 4 ,1 9 -, 6 ,8 3 9 ,8 4 4 6 ,4 0 0 ,8 1 8 6 7 2 .9 7 1 F l i n t A F . M a rq 1st w k J a n 3 8 ,2 3 9 3 8 ,2 3 9 3 6 ,9 0 8 3 3 ,9 0 8 F t .W ’ t liA D e n .C . O c t o b e r . . . 1 7 7 ,1 2 1 1 3 4 ,6 0 3 F t .W . A R io G r 1 st w k J a n 9 ,3 5 9 “ 9 ,3 5 9 7 ,4 3 5 “ 7 ,4 3 5 G a d s . A A t t . U . ID e c e m b e r . 6 21 945 9 ,3 2 8 6 ,6 7 1 G e o r g i a B R ____ I2d w k J a n . 3 4 ,9 0 0 6 3 ,2 7 6 2 3 ,1 1 1 4 4 ,0 2 3 G e o r g ia A A l a .. D e c e m b e r. 5 0 ,7 5 5 4 7 9 ,7 7 7 4 2 ,1 0 1 4 4 3 ,3 0 6 G a .C a r * la A N o N o v e m b e r . 1 0 1 ,8 4 3 6 6 7 .0 3 3 * 6 4 1 ,4 2 8 7 7 ,8 2 9 G e o . 8 o . A F l a .. ID e c e m b e r . 7 9 .2 6 1 8 3 0 .3 8 5 8 7 .8 3 1 8 7 9 ,8 8 1 G r. R ap. A In d . 1st w k Jau 2 9 ,2 1 9 2 9 ,2 1 9 2 3 ,1 4 9 2 3 ,1 4 9 C in . R .A F t .W . 1st w k J a n 6,1971 6 .1 9 7 6 ,3 1 9 6 ,3 1 9 T r a v e r s e C it y . 1 s t w k J a n 779 779 451 451 M u s .G . R . A I 1st w k Jan| 1 ,6 7 1 1 ,6 7 1 1 ,5 8 8 1 ,5 8 8 T o t . a ll lin e s list, w k J a n 3 7 ,8 6 6 3 1 .5 0 7 3 7 ,8 6 6 3 1 ,5 0 7 G r a n d T r u n k .. . W k J a n . 11 2 9 5 ,6 8 5 5 9 1 ,7 8 5 2 9 5 ,0 0 6 5 8 3 ,9 1 8 C h lo . A G r . T r W k J a n . 4 6 8 ,8 7 1 5 8 ,8 7 1 4 5 ,6 7 7 4 5 ,6 7 7 D e t - G r .H .A M W k J a n . 4 1 4 ,9 5 0 1 4 ,9 5 6 1 3 ,8 1 6 1 3 ,8 1 6 G r e a t N o rth ’n B t.P . M A M . D e c e m b e r , j 1 ,4 9 2 ,5 1 3 l , 1 5 2 ,0 9 0 j 1 4 ,8 9 0 .3 2 8 1 2 ,3 4 6 ,8 7 7 E a s t o f M in n .. D e c e m b e r . | 1 8 1 .9 9 8 1 3 1 ,0 1 1 ,6 7 5 ,3 8 2 1 1 ,3 0 8 ,5 0 5 M o n t a n a C en t. D e c e m b e r . I 1 3 8 ,7 2 3 1 1 5 ,5 0 1 1 ,5 6 0 ,6 7 6 1 ,5 1 1 ,6 6 9 T o t . s y s t e m . D e c e m b e r . 1 ,8 1 3 ,2 3 1 1 ,3 9 8 ,6 5 2 1 8 ,1 2 0 ,3 8 0 1 5 ,1 6 7 ,0 51 ,051 G u l f A C h lo a g o . D e c e m b e r .' 4 ,8 8 6 5 ,8 0 8 4 6 ,8 0 5 4 9 ,2 2 1 H o o 8 .T u u .A W lJ . N o v e m b e r .’ 3 .5 3 2 5 ,0 0 9 4 8 ,6 5 2 3 7 ,7 3 4 [VOL. LXII, Jan. 1 to Latest Date. Latest Gross Earnings. Week or Mo 1 8 9 5 -6 . 1 8 9 4 -5 . 1 8 9 5 -6 . j 1 8 9 4 -5 . $ | * $ 4 5 1 .2 1 2 , 3 3 3 ,8 9 9 1 6 ,8 0 0 19.0121 H o u s .K .A W .T e x 3 d w k O o t 1 0 7 ,4 0 0 1 1 3 ,3 2 5 8 ,3 4 3 1 1 ,5 0 0 H u m e s t ’ n A S h e n !D e c e m b e r . I l li n o is C e n t r a l. D e c e m b e r 2 ,0 9 4 ,9 8 7 1 ,7 5 1 ,4 8 6 2 0 ,4 9 4 ,0 3 3 1 8 ,3 4 5 ,3 3 1 4 2 7 ,0 8 4 4 7 5 ,1 8 8 1 4 ,1 4 0 1 0 ,3 2 8 I n d . D e 0.A W e B t.l4 th w k D e c 6 4 9 ,5 2 7 7 0 3 ,0 6 3 5 3 .7 3 0 6 6 ,6 9 3 l u d . 111. A I o w a . N o v e m b e r . 1 1 4 ,^ 7 6 1 4 0 ,9 0 6 7 6 ,2 6 0 6 3 .8 2 4 i n . A G t .N o r t h ’ n 2 d w k J a n . 2 ,3 3 7 ,1 1 6 2 ,2 1 6 .4 9 2 4 5 ,5 0 0 3 7 ,2 0 0 t l n t e r o o . (M e x .» W k D e c .28 5 6 ,1 8 8 7 5 ,2 7 3 2 8 ,8 5 9 4 2 ,2 8 8 I o w a C e n t r a l . ... 2 d w k J a n . 4 3 ,3 0 5 4 9 ,4 4 2 4 ,8 8 5 4 ,4 0 5 Iro n R a ilw a y ... D e c e m b e r . 7 1 4 ,1 9 6 3 5 8 ,7 8 1 7 3 ,3 9 7 2 6 ,9 3 9 ja c k . T. A K . W . N ovem ber. 3 3 ,7 4 9 3 1 ,2 4 3 4 ,3 6 2 4 .2 6 5 J a m e s t ’ n A L . E . S e p t e in b ’ r. 6 ,1 5 5 8 ,0 3 2 6 ,1 5 5 8 .0 3 2 K a n a w h a A M ic t l s t w k J au 6 5 ,2 8 3 6 8 ,6 1 5 6 5 .2 8 3 6 8 ,6 1 5 K .C .F .S c o t t A M l s t w k J a n 1 6 ,1 3 1 2 2 ,9 1 1 1 6 ,1 3 1 2 2 .9 1 1 K .C . M e m . A B ir . 1 st w k J a n 2 7 5 ,0 8 9 2 6 5 ,5 8 5 1 7 ,3 4 8 3 0 ,0 6 6 K a n . C. N . W — D e c e m b e r. 1 1 ,6 7 2 4 ,8 7 0 434 342 K a n .C . A B e a t . D e c e m b e r . 8 ,8 9 5 9 ,1 4 5 8 ,8 9 5 ,1 4 5 K. C .P i t t s . & G . . l s t w k 9 .Jan 3 ,0 4 4 4 ,5 3 9 3 ,0 4 4 4 .5 3 9 K a n .C . S u b . B e lt 1 s t w k J a n 5 ,9 5 3 7 ,3 2 3 5 ,9 5 3 7 ,3 2 3 K e o k u k A W e s t . 1st w k J a n 7 7 ,4 5 5 8 1 ,1 9 8 6 ,4 6 5 6 ,9 5 6 L . E r ie A l l . A S o . D e c e m b e r . 5 7 ,5 7 0 5 5 ,1 4 0 5 7 ,5 7 0 5 5 ,1 4 0 L . E r ie A W e s t ., l s t w k J a n 4 0 7 .0 4 5 3 5 .2 4 0 3 9 1 ,0 6 7 3 3 ,7 0 4 L e h ig h A H u d . . D e c e m b e r 1 9 1 ,9 27 14 900 1 6 ,4 5 3 L e x ’ g t o n A E a st. N o v e m b e r. 1 0 9 ,7 4 3 1 1 5 .0 4 6 4 9 ,7 2 7 4 9 .5 2 4 L o n g I s l a n d ........ 2 d w k J a n . 1 8 2 ,3 9 6 1 4 5 ,4 2 0 1 4 ,9 7 7 7 ,8 2 7 L os. A n g. T erm . D ecem b er. 2 0 .0 3 2 2 2 .8 9 4 2 2 ,8 9 4 , 2 0 .0 3 2 L o u iB .E v .A S t .L . l s t w k J a u 3 4 6 ,7 9 0 3 4 8 .7 6 0 3 4 6 .7 9 0 3 4 8 .7 6 0 L o u is v .A N a s h v . 1 st w k J a n 4 6 ,5 2 7 4 6 ,5 2 7 4 5 ,2 1 8 4 5 ,2 1 8 L o u is . N .A .A C h . l s t w k J a n 4 1 9 .6 3 6 4 3 9 ,5 3 5 3 2 ,2 7 4 3 9 .6 8 4 L o u . S t .L . A T e x . D e c e m b e r 7 9 ,1 1 4 7 3 ,4 3 9 7 ,3 7 2 7 ,5 9 3 M a con A B ir m .. D e c e m b e r. 6 2 ,5 0 3 1 1 7 ,1 7 5 5 ,8 4 9 3 ,8 6 2 M a n is t iq u e .......... D e c e m b e r . 1 5 ,9 9 2 2 2 ,3 4 5 1 5 ,9 9 2 2 2 ,3 4 5 M e m p h is A O h a s . l s t w k J a n 1 5 1 ,4 7 9 1 4 4 ,4 8 2 1 5 1 ,4 7 9 1 8 4 ,4 8 2 tM e x i c a n C e n t .. 1?+, w k Jan. 1 8 7 ,4 2 6 2 ,3 7 8 ,6 9 9 1 ,9 5 9 ,8 3 9 2 3 1 ,6 1 0 M e x i c a n I n t e r ’ l. N o v e m b e r . 7 1 ,0 2 6 8 1 ,3 7 8 7 1 ,0 2 6 8 1 ,3 7 8 I M e x . N a t i o n a l . 1st w k J a n 5 8 4 ,4 0 3 6 2 4 ,7 7 8 5 1 ,8 7 4 5 4 ,1 0 1 M e x .N o r t n e r n .. N o v e m b e r . 6 0 ,6 1 7 3 .1 7 6 ,9 7 0 3 ,1 2 0 ,7 3 1 6 1 ,4 0 1 I M e x i c a n R ’ w a y W k D e c .2 8 4 8 0 ,4 5 9 4 8 2 ,6 6 3 1 1 ,6 9 2 1 3 ,3 0 0 M e x ic a n S o .........4 th w k D e c 6 0 .7 0 7 3 4 .5 1 1 6 0 ,5 9 5 3 5 ,4 6 2 M m n e a p .A S t .L . 2 4 w k J a n . 3 7 ,* 9 8 5 0 ,1 2 9 3 7 ,5 9 8 M. S t.P .& S .S t .M . 1 st w k5J0a,1n2 9 1 9 6 ,6 8 8 1 9 2 ,0 4 0 1 9 6 ,6 8 8 1 9 2 ,0 4 0 M o . K a n . A T e x . 1 st w k J a n 3 0 4 .0 0 0 3 3 8 ,0 0 0 3 0 4 .0 0 0 3 3 8 .0 0 0 M o .P a o .A l r o n M l s t w k J a n 8,000 1 3 ,0 0 0 ' 8,000 1 3 ,0 0 0 C e n t r a l B r ’ ok . 1st w k J a u 3 1 2 .0 0 0 3 5 1 ,0 0 0 ! 3 1 2 .0 0 0 3 5 1 .0 0 0 T o t a l .............. L s t w k J a n 5 ,4 2 1 5 ,327| 5 ,4 2 1 5 ,3 2 7 M o b ile A B i r i n .. 1 st w k J a n 3 3 0 .8 8 2 3 ,4 7 6 ,6 8 9 3 ,2 6 0 ,9 9 0 3 7 1 ,1 0 6 M o b ile A O h i o . . D e c e m b e r . 9 0 ,1 5 7 1 ,1 1 6 ,2 4 6 1 ,0 0 4 ,9 3 4 1 0 0 ,2 1 9 M o n t .A M e x .G lf . N o v e m b e r . 4 1 5 ,9 1 6 4 ,3 7 1 ,8 6 3 4 ,6 2 3 ,9 1 0 4 5 8 ,2 9 1 N a sh .C h . A S t. L. D e c e m b e r 2 0 .7 0 7 2 4 ,1 0 6 2 ,6 2 6 N e v a d a C e n t r a l. O c t o b e r . .. 3 ,1 2 6 2 4 7 ,3 7 7 2 6 4 ,3 2 7 3 0 ,0 6 2 3 2 .6 8 5 N . J e r s e y A N . Y . s e p t e m b ’ r. 1 0 2 ,4 6 5 8 9 ,0 2 6 1 2 .6 6 3 N e w O r l. (fcS o ’ n. D e c e m b e r 7 ,8 9 6 N. Y . C . A H . R . . D e c e m b e r . 4 ,0 2 0 ,8 4 7 3 ,6 4 4 ,9 9 6 4 4 ,3 3 8 ,8 8 9 4 1 , 7 9 7 ,4 9 2 N . Y . L . E . A W .. J u l y . . 2 ,3 2 3 ,1 6 7 2 ,0 7 7 ,1 2 5 1 4 ,6 9 3 ,7 9 7 1 3 ,7 6 1 ,1 9 2 4 5 1 ,8 5 0 3 ,1 3 1 ,7 9 7 2 ,5 5 2 ,6 2 3 5 7 9 ,3 6 2 N. Y . P a . A O l i io . J u n e . 4 8 ,6 3 1 4 9 ,8 3 9 4 8 .6 3 1 4 9 ,8 3 9 N .Y . O u t. A W . , l e t w k J a n 1 9 3 ,5 7 4 2 ,2 6 0 ,8 2 1 1 ,9 6 2 ,9 8 4 N. Y . S u s q . A W . . D e c e m b e r . 1 9 2 ,5 0 0 1 7 9 ,3 4 3 2 0 7 ,9 0 5 1 7 9 ,3 4 3 2 0 7 ,9 0 5 N o r f o lk A W e s t . 1 st w k J a n 5 5 ,3 6 6 4 7 ,6 8 2 8 ,4 5 5 5 ,4 7 3 N o r t lie ’ r n (G a .). N o v e m b e r . 5 4 4 .3 1 0 5 .9 4 6 ,8 4 4 5 ,^ 1 3 ,4 7 7 N o rth ’ n C en tra l N o v e m b e r. 5 8 1 ,8 3 8 2 0 2 ,7 8 8 2 0 7 ,1 0 1 N o r t h ’ n P a o itlo . l s t w k J a n 2 0 2 ,7 8 8 2 0 7 ,1 0 1 2 8 ,1 0 9 2 6 ,3 2 7 2 ,4 4 7 2 .9 6 9 O oon ee A W est. N o v e m b e r. 1 2 ,3 9 4 1 4 ,5 1 3 1 2 ,3 9 4 O h io R i v e r .......... l s t w k J a n 1 4 ,5 1 3 1 6 8 ,5 7 1 1 8 6 ,7 4 1 1 6 ,5 1 4 1 9 ,4 5 9 O h io R iv .A C h a s D e c e m b e r . 5 8 2 ,2 3 8 6 0 5 ,8 2 3 7 4 ,9 0 9 O h io S o u t h e r n . O c t o b e r . .. 8 7 ,9 0 8 3 1 5 ,2 9 0 O r e g o n I m p . O o. N o v e m b e r . 2 7 1 .9 7 9 3 4 0 ,3 3 2 3 6 4 ,4 2 5 3 ,9 8 7 ,9 8 2 3 ,5 4 9 ,0 1 6 P a c i f i c M a i l ----- N o v e m b e r . P e n n s y lv a n i a ... N o v e m b e r . 5 ,8 7 7 ,6 2 4 5 ,4 6 5 ,8 5 7 5 8 ,9 8 7 ,5 7 5 5 3 ,5 5 0 ,4 9 6 1 7 ,6 8 2 1 4 ,6 9 6 1 7 ,6 8 2 P e o r ia D e o .A E v 1 st w k J a n 1 4 .6 8 6 4 7 9 .8 9 0 4 9 8 ,7 4 6 4 1 ,5 2 0 4 5 ,8 2 9 P e t e r s b u r g ..........N o v e m b e r . 3 8 3 ,6 4 2 4 ,0 3 7 .1 3 9 3 ,6 8 5 .3 4 3 4 5 0 ,9 7 2 P h ila . A E r i e . . . N o v e m b e r . P h ila . A R e a d ’ g . N o v e m b e r . 2 .0 1 7 ,6 8 7 1 ,9 3 3 ,0 8 8 1 9 ,7 4 8 .6 4 7 1 8 5 9 2 ,2 6 3 C o a l A i r . O o . .. N o v e m b e r . 2 ,4 9 4 .2 2 3 2 ,2 2 4 ,3 3 4 2 2 ,4 9 2 ,5 4 4 1 9 .9 5 7 ,5 5 3 T o t a l b o t h C o s . N o v e m b e r . 4 .5 1 1 ,9 1 0 4 .1 5 7 ,4 2 2 4 2 , 2 4 1 ,1 ) 1 3 8 .5 4 9 .8 1 6 P it t s .C .C .A S t .L N o v e m b e r 1 ,4 2 5 ,9 3 1 1 ,2 6 5 ,7 4 1 1 4 ,0 9 1 ,1 0 6 1 3 ,0 2 0 ,6 8 8 3 6 ,8 9 1 4 4 .7 9 6 3 829 P it t s .M a r . A C fi. D e c e m b e r . 3 ,8 5 1 1 1 ,4 3 6 6 ,2 2 7 6 ,2 2 7 1 1 ,4 3 6 P it t .S h e n .A L .E , l s t w k J a n 3 2 ,3 3 3 35 520 3 2 ,3 3 3 3 5 ,5 2 0 P it t s b . A W e s t .. 1st w k J a n 1 8 ,6 8 5 1 8 ,4 2 7 P l t t s .C l .A T o i . l s t w k J a n 1 8 ,4 2 7 1 8 ,6 8 5 3 ,2 * 9 4 ,8 3 6 3 .2 8 9 4 .8 3 6 P itts . P a . A F . 1 st w k J a n 5 9 ,0 4 1 5 9 ,0 4 9 5 4 ,0 4 9 5 9 .0 4 1 T o t a l s y s te m .. 1 s t w k J a n 1 3 8 .8 1 4 1 ,6 3 7 ,2 0 3 1 ,1 2 4 ,2 2 8 P i t t . Y o u n g .A A . N o v e m b e r . 1 5 7 ,5 5 7 2 3 8 .5 7 0 261 320 2 3 ,2 9 2 2 1 ,4 8 8 Q u in o y O .A K .C . D e c e m b e r . 6 7 1 ,5 8 4 R io h .F r ’k s b .A P . N o v e m b e r . 6 3 9 ,5 4 3 5 5 ,6 7 4 5 8 ,0 2 5 3 1 2 ,9 5 9 2 6 ,5 4 9 R ic h . A P e t e r s b . N o v e m b e r . 3 0 5 ,0 0 9 2 8 ,7 5 5 7 ,4 3 9 6 ,4 4 3 6 ,4 4 3 7 ,4 3 9 R io G r . S o u t h ’ n 1 s t w k J an 6 2 ,6 0 0 5 3 ,7 0 0 3 1 .1 0 0 R io G r . W e s t ’ n . . 2 d w k J a n . 3 2 ,9 0 0 1 1 6 .0 7 7 1 S a g .T u s o o la A H D e c e m b e r 1 1 8 ,5 9 6 7 .5 7 8 9 ,7 1 3 7 7 .2 1 9 7 .1 0 4 S a g .V a l. A S t. L . N o v e m b e r . 7 8 ,9 3 6 6 ,6 6 1 2 0 ,2 6 0 , 1 9 ,8 7 0 1 9 ,8 7 0 2 0 ,2 6 0 St. L . A . A T . H 1 s t w k J a n 4 5 .4 8 2 3 1 .9 2 9 S t .L .K e n ’ e t A S o . D e c e m b e r . 4 .0 9 5 5 328 9 7 ,0 0 0 8 5 .4 0 0 S t .L .S o u t h w ’r n . 1 st w k J a n 9 7 ,0 0 0 8 5 ,4 o 0 S t .P a u l A D u l ’th D e c e m b e r . 8 6 .6 6 4 1 ,5 5 6 ,9 2 7 1 ,4 4 2 ,1 8 6 1 1 0 ,3 3 5 S a n A n t .a t A . P . N o v e m b e r . 1 ,7 9 4 ,0 6 9 1 .6 9 6 ,1 2 1 2 2 9 ,1 2 1 1 6 7 .9 9 6 8 1 1 ,7 0 2 1 7 ,8 2 2 S .F r a n .A N .P a c . t t h w k D e c 8 2 7 ,7 3 0 2 2 ,0 3 1 S a v .F ia . A W est. N o v e m b e r . 3 4 1 .8 2 0 3 ,0 8 1 .2 6 9 3 ,5 0 4 4 6 5 2 8 5 ,0 2 S n e r .S b r e v . A S o 4 th w k D e c 3 5 5 ,3 3 6 1 5 ,2 9 6 8 ,4 5 2 3 3 7 ,8 0 7 8,002 S il. S p s . O. A G N o v e m b e r . 11,111 S il v e r t o n .............. D e c e m b e r . 7 2 ,6 3 1 5 ,0 7 6 8 .0 0 0 5 6 ,7 1 5 iso. H a v e n A E a s t N o v e m b e r 1 ,5 0 7 1 9 ,9 8 2 1 8 ,4 3 5 1 ,3 6 3 S o . P a c i f i c C o. — | 4 3 6 ,4 9 4 4 ,3 6 9 ,8 8 0 3 ,8 5 0 ,3 5 3 4 7 4 .5 4 4 G a l .H a r . A 8 . A N o v e m b e r . L o u i s ’ a W e s t . . |N o v e m b e r . 8 9 7 .8 2 4 9 9 6 .6 5 3 9 4 ,6 8 1 1 1 2 ,0 0 8 7 0 8 ,7 5 9 M organ ’ sL A T . N o vem ber. 7 3 1 ,* 4 8 5 ,3 7 3 ,3 6 5 5 ,3 5 3 ,2 8 1 N .Y .T . A M e x . N o v e m b e r . 2 3 9 ,8 2 7 2 1 5 ,6 7 2 2 9 ,4 9 7 1 7 ,9 9 1 T e x . A N . O r l . . IN o v e m b e r . 1 5 5 .9 9 1 1 ,4 9 7 ,8 8 4 1 ,4 1 7 .6 8 9 1 4 1 ,6 J9 A t l a n t i o s y s .6 . N o v e m b e r , 1 ,4 6 8 ,7 9 1 1 ,4 9 1 ,9 3 6 1 2 ,6 5 3 ,0 7 7 1 1 ,9 5 2 .6 9 1 P a o ifio s y s t e m N o v e m b e r . 2 ,9 1 5 ,7 1 9 2 ,7 8 7 ,9 2 6 2 9 ,8 9 8 ,3 2 5 2 8 ,8 4 2 2 5 7 T o t a l 01 a l l . . N o v e m b e r . 4 ,3 8 4 ,5 1 0 4 ,2 7 9 .8 6 2 4 2 .5 5 1 ,4 0 1 4 0 ,7 9 4 ,9 4 8 A f f ilia t e d lin e s N o v e m b e r . 5 3 9 ,6 7 5 5 ,3 3 2 ,8 1 7 5 .5 7 3 ,5 5 9 7 8 2 ,1 7 1 G r a n d t o t a l . N o v e m b e r . 4 ,9 2 4 ,4 6 6 5 ,0 6 2 ,0 3 3 4 7 ,8 8 4 ,5 0 1 4 6 ,3 6 8 ,5 0 7 S o . P a o . o f LaJ O c t o b e r . 9 0 9 8 2 4 8 ,6 5 4 ,8 2 0 7 ,5 4 8 ,3 6 1 1 ,0 0 4 ,9 4 7 S o .P a o .o f A r i z O c t o b e r . 2 5 0 ,9 0 3 2 3 2 ,3 9 6 1 ,8 5 7 ,4 2 9 1 ,7 1 0 ,7 6 0 1 1 6 .4 2 7 S o .P a o .o f N .M O c t o b e r . .. 7 6 4 .8 7 4 8 9 0 ,4 1 6 9 3 ,7 2 3 2 0 5 ,3 6 5 N o r t h e r n R y . . O c t o b e r . .. 2 1 9 ,6 9 9 1 ,6 4 8 ,8 0 8 1 ,8 0 5 ,9 5 5 S o u th ern R y . . . j1st w k J a n 3 2 5 ,8 1 3 3 2 5 ,8 1 3 3 4 1 ,0 7 3 3 4 1 ,0 7 3 S ta t e n Lsl. R . T . O c t o b e r . . . 8 3 ,0 8 6 9 2 0 ,5 5 7 7 6 ,8 0 1 1 ,0 2 9 ,5 9 0 S t o n y Q l.A C M t. .N o v e m b e r . 1 ,8 7 7 4 2 ,9 9 2 1 ,* 6 2 4 1 ,0 9 0 91,2 n 1 0 8 ,7 3 3 1 ,0 5 9 ,8 5 7 S u m m it B r a n c h . N o v e m b e r . 8 9 3 ,9 5 9 L y k . V a l. C o a l N o v e m b e r . 8 5 ,3 1 8 8 0 4 ,2 2 4 690 602 9 2 .5 0 8 T o t ’ lb o t h C o ’s N o v e m b e r. 2 0 1 2 4 1 1 ,7 5 0 4 5 9 1 ,6 9 8 .1 8 3 1 76 609 1 5 2 ,9 0 1 1 4 2 ,9 0 8 T i x a s A P a o ifio . 2 d w k J a n . 2 8 8 ,8 3 9 2 6 6 ,5 2 3 5 ,0 5 0 T d x .S .V a lA N .W D e c e m b e r 4 .3 3 7 4 7 ,0 9 5 4 0,9 .0 5 3 5 ,4 4 1 6 0 ,4 0 4 3 2 /2 9 1 r o L A O h io C e n t . 2 d w k J a n 6 6 ,1 2 5 2 4 ,9 7 0 2 0 .1 0 7 8 9 3 ,6 2 1 T o l. P . A W e s t ., i t h w k D e c 9 9 1 ,2 9 7 33 045 2 2 ,1 6 2 r o l.8 t .L .A K .O . 2d w k Jan. 4 7 ,3 8 7 6 2 ,9 »7 32 973 2 9 .3 0 5 ' U ls t e r A D e l . . . ; N o v e m b e r . 384 000 3 8 7 ,7 7 5 THE J a n u a r y 1 8 , 1 89 6 . j J a n . 1 to L a tes t G ate. L a te s t G r o s s E a r n i n g s . W t s k o r Jl> 1S95-6. CHRONICLE 1894-5. 1S95-6. 18945. « * • U n ion P aelflo— * U n. Pao. R B .. N ovem b er. 1,3 8 2.81 4 1.333.111 1 3,1 93 ,3 8 0 1 3.7 0 7 .1 6 2 ouO 7 49 4 6 7 .77 4 4 .9 2 3 ,1 2 1 4 6 2 8 .6 4 4 Or.B.L. 1 B . S N ovem ber. 55 917 5 5 ,3 5 3 5 64 .92 5 8 c.J o s .A O d .l8 N ovem ber. 7 2 4 .4 6 2 7 355 6 9 38 64,4 73 Kan.C.AOm N ovem b er. 1 0 4 .2 5 2 14,639 1 4 639 13,7 57 T o t.3 t.J .A G .I tat w k J a n 13.757 13,0 00 8.0U0 13.000 8 ,0 0 0 O e n t.B r......... < 1st w k J au A o h .C o l.A P . / N ovem b er. 2 7 .5 2 1 2 4 9 .0 0 0 2 4 555 3 3 1 .9 6 3 A o h .J .C .A W l GrM to ta l.' N ovem ber. 2 1 3 4 .20 5 2 .0 4 9 .2 8 0 2 0 ,4 7 7 .6 0 0 2 1 ,4 6 2 ,2 2 2 3 0 6 ,17 6 2 ,3 3 0 .3 2 4 2 ,5 9 9 ,2 1 2 3 1 8 .54 5 U .P a o . D . 4 Q N ovem b er. 177.121 134 .00 3 F t -W t h & D .C O ctob er. .. 4 4 3 ,2 1 0 2 3 7 .3 7 9 3 9 9 ,6 4 4 2 d wk J an . 205,801 W abash ._ 0 3 ,0 4 6 4 9 ,0 1 3 2 2 0 ,2 2 4 2 11,994 W a o o A N o r th w O ctob er. .. N ovem b er. 1 11,550 108 .57 4 1 ,5 5 9 .6 7 5 1 .4 7 1.07 6 W est fe rsey. 9 6 ,0 0 0 7 5 .4 9 4 1,121,61* W .V .C en .A Pltt- D ecem b er. 9 :8 ,7 1 1 37 181 30.111 3 8 ,7 5 7 W eat Va-A Pitts O ctob er. . 3 1 3 .4 3 6 8 i 464 52.3 12 4 9 2 .43 1 W estern o f A la N ovem ber. 48 >,423 99.777 1,198,581 1,1 5 6,09 9 1 02 .56 8 W est. M aryland N ovem ber. 4 9 .4 0 0 4 9 .0 0 0 4 9 ,4 0 0 1st wk J an 4 9 .0 0 0 W est-Jf.Y . A Pa 18*377 2 7 ,3 5 7 4 9 ,7 8 5 W heel. A L. ErK 2d wk J an . 3 9 ,1 3 8 107 ,29 7 2d wk Jan . 55 7 7 0 149 ,17 6 6 5 ,8 0 6 W D eonsin Cent 0,1O» 8 ,408 W rlgh ta v.A T en . D ecem b er. 85.7 23 7 3 ,5 5 7 * F igu res g iv e n d o n o t In clu de O regon Ry. A S a y ., Un. Pao. D en v e r A O n lf. D e n v er L ead vtlle A G u n n ison . M on tana U nion a n d L eaven w orth T o p e k a A S ou th vestern . -j rh e a s ttgares in clu d e results o n l e a sed liner. 8 In clu d e s ea rn in g s from fe rrie s , e to ., n ot g v e n s e p a ra te ly . ! M e x i ca n o n rren ov . e In olu d es o n ly h a ll o f Unea In vrhloh U nion P a d do has a h a lf Interest. L a te s t G r o s s E a r n i n g b y W e e k s .— T h e la te s t w e e k ly e a r n i n g s in t h e f o r e g o i n g a r e s e p a r a t e l y s u m m e d u p a s f o l l o w s : F o r t h e fir s t w e e k o f J a n u a r y o u r p r e lim in a r y sta te m e n t o o v ^ r s 77 r o a d s , a n d s h o w s 7*61 p e r c e n t g a i n in t h e a g g r e g a t e o v e r th e s a m e w e e k la st y e a r . 129 4 th w eek o f D e c e m b e r . 1895. 1894. In crea se. # P re v ’ly re p o rte d (76 r’ ds) j 9 ,4 8 9 .2 7 4 10.3 28 Ind iana D e ca tu r A W est. In te ro e e a u io (M e x .)......... 3 7 ,2 0 0 34,6 4b K an, C. M em. & B irin ___ 9 .824 K eoku k A W estern........... M em phis A C h a rle sto n .. 5 1 .9 4 2 M ex ica n R a ilw a y ............. 61.401 1 3 ,3 0 0 M exican S o u th e rn ........... 8 ,8 0 6 M obile A B ir m in g h a m ... 2^.091 Ban F ra n cisco A N o. Fac. 2 4 .9 7 0 T oled o P e o ria A W eat’ n .. $ 8 ,7 5 9.43 8 14,1 4* 4 5 ,5 0 0 25.0 41 8 ,716 43.3P1 60,6 17 11.6 92 8 ,9 b 7 17,822 20,1 07 s 9 5 6 ,2 9 0 T o ta l (8 6 r o a d s )............. N et in crease (8*30 p. o.R. 9 ,0 1 5 .3 7 7 ............. 9 8 7 .0 6 3 7 4 3 ,4 5 5 I- 9 ,7 6 3 ,8 3 2 ............. 9 ,6 0 5 1,103 8,551 784 1,603 4 ,2 5 9 4 .8 6 3 D e crea s e. $ 2 2 6 ,4 5 4 3 ,3 1 8 8 ,3 0 0 41 ............. 2 3 8 ,6 1 3 ........ Net Burnings Monthly to Latest Dates.—The following shows the gross and net earnings to latest dates of all Steam railroads furnishing monthly statements. The compilation includes every road from which we cau get returns of this character and in that form is given once a month. Early re turns art published fro xl week to week, as soon as issued, but for the convenience of our readers all the roads making re turns are brought together here in the week in which we pub lish our monthly article on net earnings—say on or about the 20th of the month. The retu rn * o f the street ruilioays toe g iv e b y them selves und er a sep a ra te he 1 1 a t the ex tr e m e e n i o f these ta b u la tion s see ixige 132 ------ G r o ss B a r tu n a s . ------- ------ V e t E a r n i n g s . -------* 1 8 9 ). 1394. 1895. 189 4. $ 3 $ 3 12,9 02 ........ N >v. 1 5 .1 1 7 6 .9 1 1 4 ,6 4 1 A d iron d a ck 1 5 5 .1 9 2 J a n . 1 to N ov. JO___ 1 8 0 .1 6 1 6 3 ,3 2 3 4 0 ,7 0 2 B o a ts I f f w e ek o f J a n u a r y . A la b a m a O l. S o u th e rn .. A tla n tic A D a u v ll « ___ B ait. A O hio S oillh w eet B ro o k ly n E le v a te !........... B uftato tfcwtt. a P ltta b ’g. B url. Ced. Kao. A N octa Cftiloago A East, llilo o l* C h ica go G reat W estern.. C h ica go M llw. A 3t. Paul C hic. P e o n a A St. L o a n CbJcarfn A We*t tflchitfax Cln. J ack sou A M ackinaw C le w . C anton A South* n C lev. O n . C ble. A Hi. L .. Cl«*v. leoram A W heel**.. Col. S an dusk y A H o ck '* D en ver A Klo G ran de. D e tro it leans** A North*!! D uluth S o . S h ore A Ati B va o a v. A In d ia n a p olis JEransv. A R ic h m o n d ___ E v m m t . a fe r r e H a u te .. F lin t A P er* M am uett'? Ft. W orth A R io G ran de G ran d R apid* A Indian® C in cinnati K. A Ft. W. Muek. Gr. R ap. A Ind O raou Trunk o f C anada C b ic. A Gr. T ru n k ......... D et. Gr. H a w n A MIL. In te tn 'l A G t. N orth ' n . . . K a n a w h a A M ich ig a n ___ K an. C ity F t. 8 . A Mem K a n . titty M em. A Hlrtu. K a n . C ity Ptttab. A G o lf K an. C ity Suburb. B e lt ... K eoku k A V w t e n ........... L a ke Erie A W estern....... L oulav. E v a o e v A 8 t. L L o u isv ille A N aehvilte.. L ou isv ille N. A. A Ohio. Mem puts A C h a rleston .. M inn eap olis A 3c. L ou is M inn. 8 t. P. A 3. 8. M ___ M > K a n sa s A T ex a s....... M " F a clflo A Iro n M t___ 1896. * 25,291 4.95 t! 9.3081 122,150) 34.1 99 4**.169! 7 4.524! 357.0(H) 1 8 1 .41 3 8 7 .9 2 1 6 4 .6 0 3 466 .70 5 ! 16.9361 20.057] 10,3 ••5* 9 .3 4 ii 2 1 5 .2 1 b 13,5 JSl 12,1 >9 1173500 1 3 .7 »3 24.471! 5 .1 0 5' MO*.] 19,0 20 3 3 .2 3 9 9 .3 5 9 3 3 ,3 7 8 29. i s 6 ,197 779 1.671 2 9 0 ,10 0 53,371 1 4 ,9 5 6 5 1.1 52 32,9 05 89)32 00.0 15 22.911 9.1 4.) 4 ,5 3 9 7 .3 2 3 5 5 .1 4 0 65.5 22 2 2,9 9 4 3 4 8 .7 6 0 45,219 22.3 45 1 * 1.482 Et. Lout* A lton A T. U .. 8t. Louis Mouth w estern .. Southern K*a j w a y . . . . . . . T exa s A P a cific................ T u le io A O h io O n it n U .. T o l. St. U Jk K a o. C i t y .. Wabash. .................... W e st N. Y . A P s a n tr lv W heeling .ft Lake E r i e ... WlaeoMka C en tra l. 2 5 .1 3 3 5 0.1 29 1 92 ,04 0 3 3 9 ,0 0 0 13.000 5 327 49,9 39 2 07 .60 5 207.101 14(513 1 1.696 11.438 59.041 7 ,4 3 9 2 9 ,7 0 0 14.t>8 * 2 0 ,2 6 0 9 5 .4 0 0 3 4 1 .0 7 ! 1 24 .61 5 3 0 ,6 9 4 2 9 .9 1 . 205.031 49.400 22.4 28 5 3 ,3 7 0 T o ta l (77 roa d *)____ _ N» t in crease i7*61 p , o ,i „ 5 ,0 9 2,55 9 rax* .«». M obile A B irm in gham .. l e v York O n t. A Weat’ n N orfolk A W estern........... N orthern P a cin o ............... P e » n * Deo. A E va n sv . . . P itts b. 8hen. A L. E r ie .. P ittsb u rg A W e*tern....... Klo G ran de S ou th ern ___ 1 99 5 . * 24.749 4 .0 5 0 10,396 101.134 3 o .ll. 5 3.7 9 > 504? 1M 2 ) 2 DIM) 153 .00 2 91.7 13 5 2 .1 1 6 6 0 9 .9 9 1 14.093 22.1 24 10.952 9 . **32 2 J 1.722 10.09 * 12.0 60 1 2 4 .5 0 0 I **,465 •22.765 4 .750 1.072 16.400 30.9 09 7 .4 3 5 2 0.9 92 23.1 49 0,31W 4 )1 1.588 2 9 6 .9 1 2 45.677 13.616 61.6 48 2 7 .3 2 9 e ;m 65.3 83 10.131 8 .0 9 5 3.044 5 .9 5 3 57.5 70 6 0 ,0 1 6 2 0 .0 3 2 3 4 6 ,7 9 0 4 6 .5 2 7 15.092 151.479 7 l|026 2 «;i9 rt 3 7 .5 9 9 196,666 3 0 4 .0 0 0 5.421 4**.63» 179.313 17.042 6.-227 54.04K 6.4 43 1 3 /7 5 ? 1 9 ,8 7 0 9 7 .0 )0 3 25 .01 3 1 3 5 .9 3 29,11 2 4 ,2 2 ) 193 ,79 b In crea se. s 533| 298 D c c r ta i* . * 59j M .O l J 4.093 5 .6 2 ) 1 4 .5 )4 ’ 65»00oj 27,451 1 2. >9 i 56.711 2.0.',3; 3.703 2 .0 6 7 297 l'il 0.5 12 2.4311, 379 7 .0 0 0 2 .6 9 2 1.7081 6 49 29 2 .6 2 0 1.331 1 .9 2 4 12.49 4 6 .0 7 0 122 3 .*4 83 7.1SS 1 3 .U ,4 1,140 5 656 1377 3 ,3 3 2 a .7 « o 2-50 1.495 1 ,370 13,494 2 ,4 3 0 5 .5 0 6 2 ,9 8 2 1,970 i,3 0 9 6.35 1 3.4,0<>3 10.3 52 12,511 — 34.0(H) i.o « 3 4,049 94 1.20* 2 9.5 i i 4,313 2.1 ........ 6 ,2 0 J 4,9P2 V9U 2 ,999 ___ 932 So 11,6 00 15,2 *6 12,313 46*000 2 ,5 7 1 5,697 12,o.) 1 4J 20,701 51,527 1.607 5,290,04.5 480,393 1.9 4 1 401,744 7 9 ,0 1 9 ........ For the fourth week of December our final statement covers d fi r o o d s , a n d s h o w s 3 W per cent gain in the aggregate. A la b a m a M id la n d __ N ov. Jan. 1 to N ov. W . . . J u ly 1 to » o v . 3 0 . . . 57.8 31 5 0 0 ,5 1 8 2 0 0 ,7 9 8 5 2 .1 3 3 5 1 1 .8 3 ) 2 4 1 ,4 2 1 1 2 .8 6 3 3 9 ,7 4 2 4 3 .9 3 2 4 ,2 8 7 2 9 ,5 0 6 2 3 ,1 4 3 A labam a O t. South, a Nov. J u lv 1 to N ov. j O . . . 1 87 .51 3 7 5 5 .2 7 3 1 7 0 .3 9 8 0 0 9 .0 9 5 8 1 ,3 9 5 2 9 7 .3 5 3 7 9 .6 5 5 2 5 1 .2 3 3 A lleg h en y V G le y .. .V d /. 2 3 4 ,2 6 9 Jau . 1 to N ov. JO . . . 2 .3 5 5.63 7 199 .40 1 1 ,9 9 0 ,5 7 1 8 9 .6 9 1 9 5 0 .5 3 J 8 0 .8 0 1 7 9 8 ,0 2 3 1 3.3 11 9 7 .S 5 J 1 6 .7 0 7 8 3 .3 9 0 8 ,4 4 3 4 4 ,3 3 5 1 2 ,7 9 6 4 3 ,2 3 4 A t .T . A 8 . Fe . . . b ..N ov . 2 .9 3 1 .0 1 9 J an . 1 to N ov. JO .. 2 i. 3 7 5 ,3 ! 4 J u ly 1 to N ov. 3 0 ___ L i.7 65 ,20 2 8 t. L. A Man f r . b Nov. 5 5 7 ,2 9 7 J an . 1 to N ov. 3 0 .. 5 ,5 0 3 ,9 3 2 J u ly l t o N ov. JO . . . 2 ,7 4 1 ,3 0 8 A tla n tic A P a c .. b .N ov 3 2 0 ,7 1 4 J an . 1 to N ov. JO___ 3 ,4 1 7 ,2 1 0 J u ly 1 to N ov. 3 0 . . . . 1 ,5 4 1 ,1 3 3 A gg re ga te total, b . N ov. 3 .7 0 9 ,0 3 0 J an . 1 to N ov. J o . . . 35 2 9 6 .1 7 6 J u ly l to N ov. 3 0 ___ 1 7.0 1 8 ,0 2 9 2 ,9 3 0 .0 3 9 2 0 .1 0 7 .2 )8 1 2,5 93 .9 3 9 5 0 0 ,4 4 5 5 ,5 6 4 .2 0 3 2 ,8 1 1 .0 2 2 3 1 3 ,6 5 6 2 (91 1 .2 7 7 1 .J 3 3.13 3 3 .3 6 0 .1 6 3 3 1 .5 8 i.7 3 3 1 8.7 13 .7 1 9 8 40,474 5 ,3 2 8 ,5 7 9 *2,005,595 2 4 2,852 2 ,1 8 0 ,7 7 3 1 ,1 5 3 ,3 4 0 40,7 61 3 1 9 ,6 2 4 1 2 9 .3 9 6 1 .1 2 1 ,1 0 7 7 .6 1 6 ,9 7 0 4,1 4 7 ,8 2 1 1 ,0 3 0 .8 0 7 5 ,5 2 2 ,77d 3 ,2 0 0 ,0 9 5 2 6 2 .4 2 5 2 ,t i 5 , 3 9 6 1 ,3 0 1 .7 2 8 6 1 ,9 9 5 3 1 2 .7 5 7 2 5 5 ,5 2 5 1 ,3 6 3 .2 2 7 8 ,0 2 0 ,9 2 9 4 .8 2 5 .3 4 6 A rkansas M id U od N »V. J an . 1 to N o r . 3 0 . . . . A tla n ta A W. P oint .N ov. Jan . 1 to N ov. JO . . J u ly 1 to N ov. 3 0 . . . . 8 5 .0 4 9 440,492 23 4,001 48.1 61 4 43,109 2 1 0 ,3 2 4 3 6 .3 U 1 9 0 ,5 9 4 9 8 .3 2 1 2 2 .1 8 7 1 0 9 .0 1 0 9 4 ,7 4 7 A tU n tlo A D a n ville Got. Jan. I to O c t J I ___ J u ly 1 to G ot 31 . . . 55,9t#9 4 )3 ,1 0 ! 19 4.0 j ; 5 1 ,3 5 3 4 1 1 ,7 2 5 174,655 13.128 9 7 ,3 0 7 43.61*2 13,92$ 2 9,1 84 2 3 ,1 8 5 6 ,9 3 7 7 1 .9 9 1 1 3 ,2 9 0 9 4 .6 2 0 5 1 6 .0 4 4 5 .8 6 4 ,7 7 9 3 ,2 9 6 ,3 2 9 112 ,73 4 1 ,2 4 1 ,6 4 5 8 1 9 ,3 9 1 6 2 3 .3 2 3 7 ,1 0 6 ,4 2 4 5 0 2 .1 9 3 5 .0 9 1 ,7 0 3 3 ,4 7 7 .0 0 6 6 9 .6 2 0 7 1 7 ,9 1 2 5 4S .S 0 7 5 7 1 .3 2 1 6 ,4 0 9 ,6 1 5 1 0 2 5 /9 3 3 2 3 7 , >41 1 ,9 4 5 ,1 6 3 9 2 0 ,5 32 13,7 74 1 2 0 ,0 9 5 2 ,4 1 0 1 5 ,6 8 6 450 1 ,3 6 6 839 6 2 ,5 2 7 6 1 7 ,7 5 3 2.56,176 16.5 51 1 3 3 ,3 5 6 8 5 ,3 7 7 8 3 ,9 0 6 7 1 6 ,3 8 1 4 7 9 ,5 2 3 13,312 43.909 1 2 7 ,1 5 4 9 0 2 ,00L d e f. I '2,116 2 6 9 ,5 7 9 8 1 5 ,0 5 3 5 ,8 3 4 ,8 0 0 1,685 1 4 ,6 3 7 1 4 .9 1 0 2*2.403 A ustin A N o r t h * . N ov. 2 0 .1 9 3 2 1 0 ,7 4 1 J an . 1 to N ov. 3 0 . . . . 2 2 2 .5 )3 B a ltim o re A o r u o Llucft E. O. K .b .D eo. 1.5 2 7.71 1 1 .4 1 0.59 8 .J a n . L to D ec 3 1 . . . . 7 ,7 8 1 .6 3 4 1 8 .9 9 8 ,6 7 2 J u ly l tn Dm ji .. 0 ,6 0 1 ,3 3 7 9 .1 0 3 .0 6 1 43 4.230 Line# W. O. R .b Dec. 5 0 9 .54 1 Jan . 1 t o D ec. 31 . . . 5 ,6 6 5 ,0 8 5 4 .7 6 1 ,2 3 5 J n l j 1 to Dee. 31 . . . 3 .1 0 7 ,0 2 6 2 ,6 7 1 ,6 3 5 T o t b oth system * b. Deo. 2 .0 3 7 .2 )3 1,87 4.376 2 3 .4 4 6 .7 1 0 2 1 ,7 6 1 .9 0 7 Jan . I to D ee. 31 J u ly 1 to D eo 31 . . . 1 2,7 0 3 ,2 3 3 1 2 ,0 7 9 .6 9 8 5 3 1 .1 0 1 Balt. A >Ulo H i t l i r Oot6 1 1 ,3 4 1 fa u . i to O ct, » l . . . . 5 ,3 2 4 ,5 )1 5 .1 3 8 , *31 J uly 1 to O o t f l . . . . 2 ,3 3 7 .2 1 3 •2.2 3 »,252 4 1 ,5 1 6 B an gor A A ro o sto >c.N ov. 5 6 ,7 4 9 Jan. I D N ov. 3 0 . . . 3 3 7 ,7 8 5 6 7 7 ,1 0 0 4,125 5 .4 7 6 Bath A H am m ond* ..N o v . 3 1 ,3 1 6 Jan. i to N ov. 3 9 . . . . 3 2 .2 3 0 1 ,7 8 6 2 ,1 4 7 Birin. A A tla n tic.!* . *ept. Jan . 1 t o S ip c. 3 0 . . . 1.5.941 11. iS) 5 ,0 4 2 J u ly 1 to S ept. 3 j . . . 6 .5 8 2 B rooklyn E lev a te l.a N o v . 141 .43 1 1 6 3 .1 )4 1,53 ',1 1 2 Jau . 1 to N »v. 3 0 1 .0 1 4 ,3 3 l 6 i7 ,8 1 5 J u ly 1 to N ov. 30 . . . 701,175 4 *,113 5 2 ,7 7 0 B run sw ick A W est .N ov . 4 3 7 .9 1 2 Jau . I to Nov. 3 0 . . . ■443.7*7 2 J 4,15 L J u ly l to N ov. 3 J . . . 2 3 3 ,2 1 7 2 8 1 .6 1 4 S u l R o o h .A P it t s , b .N o r. 3 0 3 >19 Jan. I to N ov. 3 0 . . . 2 ,7 8 3 ,5 4 £ 2 ,4 7 9.73 1 JuLy 1 to N ov. 3 0 . . . 1 ,3 7 2 ,4 2 5 1 ,396,313 3 0 ,6 7 1 4 9,5 32 B uffalo A 3u9q leh .G o t. 103.935 1 7 7 .1 2 3 J u ly 1 to O n . 31 . . . 3 1 5 ,1 9 5 Burl. Cod. It. A N o. a ..N o v . 50L663 Jan . i to N ov. 3 0 . . . . 4 ,0 6 0 .1 4 3 3,42.5.736 4 3 .6 2 2 C am d en .% Vtl. . . . i. for. 5 0 ,0 7 0 8 5 5 .1 1 5 Jan . t to N ov. 3< 9 1 9 .1 2 3 1 .9 1 9 .3 )3 C anadian P a c ific .a 2.1 Jan. 1 to N ov. 3* ..1 7 ,0 1 0 ,4 2 1 17,1 97 ,3 1 1 4 .7 4 0 '4rotina M id lan d . .. .N o r . 4 .8 >0 5 3 ,3 7 1 Jan . 1 to N ov. 3 0 . . . 4*5,127 3 1 ,7 4 ) J u ly 1 to N ov. 3 0 . . . 3 0 ,5 6 3 Central <>r Gc•orvlifc— ualiroti 8y Htem .a..N ov. 5 41.830 5 2 4 ,7 1 0 J u ly 1 to N ov. 2 .4 1 4 ,0 9 2 2,,3 4 1 ,6 2 2 fn t r a l cif N. J . » ...N o v . 1 ,2 7 9,08 4 l , 0 5 » ,5 9 0 J a o L to N ov. 3 0 . ...1 1 4 9 4 5 , 1 7 4 a , 208,5 J 2 . i,U6,22 t 2 2 7 ,0 7 9 4,9 8 3 3 ,71 7 2 3 ,5 7 5 2 2 2 ,4 3 6 3 ,733 17,181 327 d e f. 1,767 7 07 6 7 ,3 0 1 8 4 2,151 3 2 1 ,0 3 1 1 3 ,5 6 0 5 3 ,0 9 3 9 3 .3 0 9 7 4 0 .1 0 3 1 j 3 , 405 *25.381 3 *,532 193,901 1 ,2 9 3 ,5 0 4 drtf.0,999 1 ,0 0 3 ,0 8 6 6 ,6 0 6 ,4 3 6 1 ,353 1 3,SOL 14,4 32 2 3 2 ,1 6 1 1 9 3 ,8 5 0 3 6 4 ,4 0 3 9 1 0 ,1 5 0 5 8 2 ,3 6 1 3 9 0 ,0 9 0 4 ,3 1 0,09 6 3 ,3 1 2 ,1 1 6 THE 130 'i r ~ E a r n in g * . ---- . -— 181 . 1894. CHRONICLE Etet E a r n in g * .— 1895. 1894. $ $ Oentrai P a ctU c.b .......0 » t 1 .335.228 1 ,3 3 8.02 7 J a n . 1 t o O o t. 3 1 . . .1 0 ,8 7 4 .9 7 6 1 0,9 5 6 ,7 1 3 $ 5 6 1 ,78 8 3 ,9 8 1 .6 1 3 $ 5 5 1 ,9 1 4 4 ,1 3 5 ,1 7 5 H oads. C h a r. S a v a n n a h . .. N o v . J a n . 1 to N o v . 3 0 . . . . J u ly 1 to N ov . 3 0 . . . . 3 7 ,5 6 7 4 7 7 ,1 2 5 1 7 4 .0 6 9 4 7 ,5 8 7 5 6 4 ,3 5 6 2 0 2 ,5 9 0 5 .4 9 9 8 7 ,3 5 6 9 ,3 8 2 6 ,9 9 8 1 4 0 ,3 3 6 2 6 ,4 3 4 O h e r a w A D a r i . b . . S e p t. J a n . 1 t o S e p t. 3 0 . . . . J u l y 1 t o S e p t. 3 0 . . . . 1 2 ,1 5 1 8 0 ,7 4 4 2 7 ,9 (5 9 ,0 4 5 5 9 ,6 7 0 1 9 ,0 3 1 4 ,9 0 7 2 1 ,9 4 8 7 ,0 5 0 4 ,4 3 1 5 .7 5 4 5 ,5 8 5 8 3 9 .6 3 7 G lie*. A O h io n ..........N o v . J a n . 1 t o N o v . 3 0 . . . . 8 ,9 6 8 ,7 o 7 J u l y 1 t o N o v . 3 0 . . 4 ,2 7 1 ,8 5 0 7 9 6 ,9 0 1 8 ,3 2 ', 4 1 6 4 ,2 0 1 ,9 2 7 2 3 6 ,4 4 3 2 ,8 5 1 .8 7 1 1 ,4 2 1 ,3 4 1 2 5 1 ,5 8 0 2 ,7 6 " , 1 7 6 1 ,4 4 8 ,2 9 3 2 3 4 .6 9 9 C h e * . O . A 8 o ’ w n .b - .N o v . J a n . 1 t o N o v . 3 0 . . . . 2 ,2 1 1 ,8 1 2 J u l y 1 t o N o v . 3 0 ___ 1 ,1 1 2 ,1 8 0 2 1 9 ,4 3 1 1 ,9 7 5 ,9 7 2 1 ,0 1 7 ,9 6 0 8 8 ,9 2 2 7 4 1 ,7 5 4 4 0 8 .8 2 0 8 0 ,7 3 6 6 9 2 ,7 3 0 4 0 7 ,0 6 8 O h io .B u r . A N o r t h , b . N o v . 2 6 6 ,1 3 6 J a n . 1 t o N o v . 3 0 . . . . 1 ,8 0 8 .8 2 5 O h io. B u r l. A Q u i n .b .N o v . 2 ,9 3 8 ,8 5 1 J a n . 1 to N o v . 3 0 ....2 3 ,9 2 7 ,6 4 5 C h ic . A E a s t I l li n o is ..O o t . 4 0 5 ,7 2 5 J u l y 1 to O o t. 3 1 ___ 1 ,3 9 3 ,1 5 1 O h io . M . A 8 t . P . a . . . N o v . 3 ,4 1 6 ,6 8 9 J a n . 1 t o N o v . 3 0 . . . 2 7 ,8 4 3 .3 4 8 J u l y 1 t o N o v . 3 0 . . . . 1 5 ,3 0 3 ,0 7 0 O h io. A W . M i c h ......... N o v . 1 3 9 .0 4 7 J a n . 1 t o N o v . 3 0 ___ 1 .5 9 7 ,8 1 9 O in . J a c k . A M a c k .b ..N o v 5 7 ,9 4 9 Jan . 1 to N ov . 30 . . . 5 7 6 ,1 0 6 2 9 6 ,9 9 3 J u l y 1 t o N o v . 3 0 ___ O in n . A K e n t . S o ........ N o v . 973 U m . P o rts. A V ir .b ...N o v . 2 7 ,7 0 9 J a n . 1 t o N o v . 3 0 ___ 2 5 6 ,1 7 5 J u l y 1 t o N o v . 3 0 ___ 1 3 5 ,8 6 8 C la r io n R i v e r ............... N o v . 3 ,2 6 9 C le v . A k r o n A C o l . b . J u n e 7 5 ,6 1 8 Jan . 1 to Ju n e 3 0 .... 4 2 9 ,3 3 3 J u ly 1 to J u n e 3 0 . . . . 8 5 7 ,9 3 1 C le v e . C a n to n A S o ..N o v . 6 4 ,0 9 1 J a n . 1 t o ' N o v . 3 0 ___ 6 2 2 ,3 4 4 J u ly 1 to N ov. 3 0 . . . 3 2 4 ,4 6 6 C le v .C l n .C .A S t . L .a N o v . 1 ,2 0 2 ,6 3 1 J a n . 1 to N o v . 3 0 ....1 2 ,8 1 7 ,2 8 1 J u l y 1 t o N o v . 3 0 . . . . 6 ,2 2 3 .0 7 2 P e o r i a A E a s t 'n . a . N o v . 1 6 8 ,9 7 1 J a n . 1 t o N o v . 3 0 ___ 1 ,8 2 0 ,1 0 2 J u l y 1 t o N o v . 3 0 ____ 8 8 1 ,1 0 0 C le v . L o r . A W h e e l. .O c t . 1 6 2 ,7 9 6 J a n . 1 t o O c t. 3 1 ___ 1 ,1 9 7 ,7 4 4 J u l y 1 t o O o t. 3 1 ___ 6 1 9 ,5 3 0 C o l. H o o k .Y . A T o l. fc. A u g . 2 5 9 ,2 0 2 J a n . 1 t o A u g . 3 1 ___ 1 ,5 5 3 ,2 7 5 C r y s t a l ..............................O ct. 1 ,1 4 1 J an . 1 to O ct. 3 1 . . . , 7 ,4 6 0 C u m b e r la n d V a lle y . . N o v . 7 1 ,1 0 3 J a n . 1 t o N o v . 3 0 ___ 7 8 1 ,1 9 2 D en . A R . G r a n d e .b N o v . 7 0 6 ,6 5 4 J a n . 1 t o N o v . 3 0 ___ 6 ,6 6 8 ,8 6 7 J u l y 1 t o N o v . 3 0 . . . 3 ,4 5 9 ,5 6 6 D o t. L an s. A N o r .a ..N o v . 8 9 ,4 0 3 J a n . 1 t o N o v . 3 0 . . . . 1 ,0 5 8 ,9 6 3 D e tr o it A M aok’ o .a ..N o v . 2 6 ,4 7 0 Jan . 1 to N ov. 3 0 . . . . 3 3 6 ,3 3 5 J u l y 1 t o N o v . 3 0 . .. . 1 4 9 ,2 9 5 D u lu t h A I r o n R ’ g e .N o v . 1 0 0 ,9 9 3 J a n . 1 t o N o v . 3 0 ___ 2 ,1 5 5 ,6 1 3 E lg i n J o l ie t A E . a . . . N o v . 1 2 4 ,1 4 1 J a n . 1 t o N o v . 3 0 . . . . 1 ,0 5 7 ,5 3 0 J u ly 1 to N ov. 3 0 . . . 5 1 8 ,3 1 7 E u r e k a S p r i n g s ..........O ot. 4 ,4 4 2 J a n . 1 t o O c t. 3 i ___ 5 3 ,9 8 7 F lin t A P e r e M a r . a . .N o v . 2 0 3 ,5 5 4 J a n . 1 t o N o v . 3 0 ___ 2 ,2 9 6 ,5 1 2 F t. W . A D . C it y .b ....O o t . 1 3 4 ,6 0 3 F t . W o r t h A R io G r .N o v . 5 2 ,8 2 2 J a n . 1 t o N o v . 3 0 ___ 3 6 1 .4 8 9 G a d s d e n A A t t . U n . .D e o . 915 J a n . 1 t o D e o . 3 1 ___ 9 ,3 2 8 G e o r g i a , a ......................D e o . 1 5 7 ,7 5 9 J a n . 1 t o D e c . 3 1 . . . . 1 .3 5 7 .7 6 0 J u l y 1 t o D e c . 3 1 ___ 7 8 4 ,5 0 4 G e o r g i a A A la b ’a . d . N o v . 4 7 ,6 0 4 Jan . 1 to N ov. 3 0 . ... 4 4 5 ,9 2 8 J u l y 1 t o N o v . 3 0 ___ 2 3 0 ,3 3 2 G a . 8 o u t k . A F la b . D e c . 7 9 ,2 6 1 G r a n d R a n . A r n d . .,. N o v . 2 1 6 ,1 3 0 J a n . 1 t o N o v . 3 0 . . . . 2 ,4 7 0 ,4 5 1 G r . T r u n k o f C a n .. . N o v . 1 ___________ .6 2 1 .7 6 0 J a n . 1 t o N o v . 3 0 ___ 1 6 ,3 2 2 ,1 3 9 J u l y 1 t o N o v . 3 0 ___ 8 ,2 7 7 ,6 4 9 C h ic . A G r*d T r ........N o v . 2 3 3 ,9 0 8 'J a n . 1 t o N o v . 3 0 ___ 2 ,5 2 9 ,7 4 6 J u l y 1 t o N o v . 3 0 ___ 1 ,2 0 6 ,6 6 8 D e t . G r . H . A M i l ., .N o v . 8 1 ,2 6 3 J a n . 1 t o N o v . 3 o ___ 9 2 6 ,7 5 8 J u l y 1 t o N o v . 3 0 ___ 4 7 5 ,0 0 1 G u l f A C h i c a g o . b . .. .N o v . 5 ,8 1 0 J a n . 1 t o N o v . 3 0 ___ 4 1 ,9 1 9 H o o a a o T u n .A W ilr a ..N o v . 5 ,0 0 9 J a n . 1 to N ov . 3 0 . . . . 4 8 ,6 5 2 ffo u s t. E . A W . T e x . A ug. 4 3 ,4 4 4 J a n . 1 t o A u g . 3 1 ___ 3 5 0 ,2 7 8 J u l y 1 t o A u g . 3 1 ___ 8 0 ,0 0 7 I l li n o is C e n t r a l- a ... N o v . 2 ,0 4 3 ,3 9 8 J a n . 1 t o N o v . 3 0 ___ 1 8 ,3 9 9 ,0 4 6 J u l y 1 t o N o v . 3 0 ___ 9 ,1 7 0 ,0 5 8 I n d . D e o . A W e s t . ..N o v . 4 7 ,8 7 8 J a n . 1 t o N o v . 3 0 ___ 4 3 1 ,8 9 1 J u l y 1 t o N o v . 3 0 ___ 2 1 5 ,9 8 5 I n d ia n a 111. A I o w a .. N o v . 6 6 ,6 9 3 J a n . 1 t o N o v . 3 0 ___ 7 0 3 ,0 6 3 l o i r a C e n t r a l, b ..........N o r . ____ 1 6 3 _____ ,4 1 5 J a n . 1 t o N o v . 3 0 . . . 1 ,5 1 9 ,4 4 2 J u l y 1 t o N o v . 3 0 ___ 7 8 6 ,9 4 2 2 5 ,8 9 0 1 1 5 ,3 1 8 1 5 1 .9 5 5 5 0 4 ,5 7 8 4 5 6 ,2 9 6 1 ,6 9 2 ,8 1 8 2 ,5 8 9 ,5 9 9 1 ,2 2 1 ,0 1 7 1 ,0 5 4 ,7 1 7 2 9 ,0 5 4 ,5 2 2 1 0 ,9 3 3 ,4 2 3 1 1 ,3 3 1 ,6 3 0 1 3 1 ,2 8 6 1 9 9 ,5 2 3 3 5 4 ,0 9 3 6 3 5 ,7 4 2 4 5 7 ,3 76 1 ,2 4 9 ,6 1 6 9 8 6 ,1 5 6 2 ,5 1 9 ,0 1 4 1 ,6 5 3 ,8 2 8 2 6 ,2 6 9 ,3 6 3 1 1 ,6 2 3 ,2 8 9 9 ,0 7 3 ,7 7 9 1 2 ,5 9 1 ,5 6 7 6 ,6 6 5 ,7 3 5 4 ,4 3 2 ,8 1 5 3 3 ,0 0 5 2 5 ,7 5 1 1 3 6 ,1 7 1 2 9 7 ,1 0 0 2 9 5 ,5 8 0 1 .4 7 5 ,8 7 3 9 ,7 9 7 8 ,7 2 4 5 5 ,7 6 3 1 0 3 ,1 1 9 7 8 ,8 0 2 5 8 0 ,7 4 9 5 8 ,4 8 5 5 3 ,6 7 8 2 8 8 .9 5 6 834 d e f . 1 05 d e f. 9 >4 2 3 .0 2 8 3 ,4 7 5 4 ,8 2 5 4 5 ,2 9 0 2 3 4 ,1 3 2 4 8 ,1 3 3 2 4 ,4 9 1 2 9 ,6 0 3 1 1 6 ,y l 6 1 ,7 1 5 1 ,8 9 5 2,686 1 7 ,1 6 5 1 3 ,2 3 4 .9 5 8 1 4 6 ,5 6 7 4 2 8 ,1 1 9 1 1 2 ,7 5 1 2 4 8 ,4 9 4 3 1 1 ,6 5 7 8 9 6 ,0 9 0 3 ,8 5 1 1 5 .0 9 0 5 5 ,7 2 8 6 3 ,4 3 1 1 3 4 ,9 2 4 5 6 1 ,2 7 2 8 1 ,7 7 0 3 2 8 ,2 7 7 7 6 ,5 6 3 3 2 7 ,1 2 6 1 .2 0 2 .7 2 3 3 3 4 ,5 7 1 1 1 ,7 5 3 .5 6 5 3 ,2 5 2 ,2 4 8 2 ,9 5 7 ,0 3 6 5 ,8 3 6 ,2 4 6 1 ,6 5 7 ,9 1 2 1 ,4 4 7 ,0 0 1 1 4 1 .4 9 5 3 7 ,2 9 2 3 7 .5 8 7 1 ,4 4 5 ,4 5 6 2 2 6 ,0 8 0 4 6 3 ,9 0 8 7 3 2 .1 2 9 2 2 1 .6 3 0 1 8 4 ,2 9 8 5 1 ,4 3 0 1 4 3 ,1 4 3 5 4 .9 1 8 1 ,0 2 7 ,3 5 7 3 0 3 ,5 8 5 3 5 9 ,0 8 5 5 7 1 ,1 8 9 1 9 7 ,8 6 2 2 1 4 .3 4 5 1 3 7 ,9 2 7 3 3 0 ,9 8 7 1 8 2 ,2 9 1 1 ,6 5 8 ,1 1 4 7 1 4 ,8 0 7 5 8 3 ,6 3 7 389 444 998 8 ,8 7 2 1 ,8 5 3 2 ,9 5 6 6 8 .6 3 2 2 2 ,7 0 9 2 1 ,5 7 3 7 3 2 ,9 2 0 2 4 5 ,2 2 2 2 5 9 ,3 9 4 3 2 3 ,8 7 9 6 5 2 .1 1 3 2 8 5 ,0 7 4 6 ,1 6 8 ,1 4 9 2 ,8 7 8 ,1 5 3 2 ,4 9 7 ,8 6 4 3 ,1 1 5 ,5 8 0 1 ,5 5 5 ,6 7 1 1 ,3 5 5 ,3 9 4 9 7 ,2 9 9 2 5 ,3 9 2 1 9 ,3 6 7 1 .0 0 7 .4 0 2 2 3 4 ,0 9 2 1 8 8 ,4 9 8 1 4 ,3 1 0 7 ,6 7 6 4 ,7 7 8 2 1 8 ,4 3 6 1 2 9 ,4 8 7 9 3 ,3 4 7 8 6 .6 3 2 4 0 ,2 7 2 3 0 ,8 2 1 5 8 ,8 4 2 2 5 ,7 1 3 1 1 ,4 3 0 1 ,5 0 0 ,0 2 9 1 ,2 1 9 ,6 5 6 8 7 2 ,7 1 4 9 1 ,8 8 3 4 4 ,9 7 1 2 9 ,1 1 8 3 6 6 ,4 2 7 9 5 1 ,3 2 0 2 7 7 ,6 5 7 4 5 7 ,4 5 6 1 7 9 ,0 0 5 1 3 8 ,7 3 4 6 ,8 9 2 2,002 4 ,1 9 8 5 8 ,3 3 4 2 8 ,0 0 3 3 2 ,7 0 2 1 9 2 ,2 7 0 4 9 ,7 8 2 4 9 ,0 7 0 2 ,2 0 1 ,6 5 0 5 9 1 ,6 0 2 6 0 1 ,1 1 4 1 7 7 ,1 2 1 5 1 ,1 4 6 7 9 ,4 5 3 6 9 ,9 5 1 2 9 ,2 5 7 4 0 ,0 9 2 3 4 3 ,6 9 3 1 3 0 ,3 4 9 1 8 3 ,8 4 3 621 588 374 6 ,6 7 1 5 ,4 9 3 3 ,7 5 3 5 1 ,9 3 9 1 3 4 ,0 2 8 3 5 ,3 0 3 1 .3 4 8 ,5 5 0 g 3 3 8 .1 9 9 £ 4 1 2 ,6 9 2 7 3 4 ,3 8 4 £ 2 7 3 ,5 3 0 £ 2 5 5 ,6 0 4 4 7 ,9 8 5 1 5 ,1 0 4 8 ,5 8 2 4 2 4 ,3 1 9 6 3 ,6 8 4 5 7 ,4 0 1 2 1 6 ,3 6 4 5 6 ,1 5 4 4 9 ,3 5 0 8 7 ,8 3 1 4 1 ,0 5 2 3 7 ,6 4 9 2 0 9 .1 1 1 3 1 ,2 2 6 4 7 ,6 9 7 2 ,2 6 9 ,0 8 0 5 1 4 ,1 0 2 5 4 2 ,0 1 9 1 .6 4 9 ,0 6 7 4 4 6 ,0 1 4 4 6 8 ,9 3 6 1 6 ,3 6 9 ,1 5 1 4 ,8 9 2 ,4 1 8 4 ,7 1 4 ,0 5 7 8 ,1 1 6 ,0 0 5 2 ,5 4 6 ,7 1 7 2 ,4 2 9 ,1 8 8 2 2 7 ,5 5 2 d e f. 1 4 ,9 4 1 1 ,9 2 7 2 .4 9 5 .4 0 3 8 5 ,6 2 7 d e f .3 ,1 4 4 1 ,0 5 4 ,8 7 9 1 5 ,0 2 2 d e f .4 9 ,2 5 1 8 3 ,3 9 9 2 ,4 9 7 4 ,9 1 5 9 3 4 ,3 8 3 1 0 8 ,0 9 4 1 1 9 ,1 5 3 4 7 0 ,3 3 3 6 9 ,0 2 5 6 8 ,9 7 4 r 8 ,0 4 6 1 .8 8 4 f 4 ,4 5 3 4 2 ,5 8 6 6 ,7 6 9 5 ,5 2 6 3 ,5 3 2 1, 686' 1 ,0 5 7 3 7 ,7 3 4 1 7 ,5 3 6 1 0 ,2 6 1 3 2 ,7 0 5 1 0 ,1 2 5 1 0 ,1 3 1 2 4 8 ,6 8 9 1 0 2 ,8 0 6 6 9 ,9 9 5 5 8 ,8 1 1 1 3 ,5 5 3 1 5 ,8 9 6 1 ,8 4 2 ,0 3 1 7 3 7 ,1 9 7 6 1 0 ,5 6 9 1 6 ,5 9 3 ,8 4 5 6 ,1 2 9 ,9 1 1 4 ,2 5 9 ,4 2 1 8 ,0 7 6 ,5 2 0 3 ,2 0 9 ,0 0 6 2 .2 3 1 ,0 1 5 4 6 ,4 4 8 1 3 ,8 8 7 1 9 ,5 2 3 3 8 1 .1 1 1 1 4 2 ,9 8 7 9 5 ,4 6 2 2 1 6 ,2 6 6 7 0 ,8 6 1 7 8 ,8 7 3 5 3 ,7 3 0 1 9 ,3 2 0 1 1 ,8 5 2 6 4 9 .5 2 7 2 1 0 ,7 5 7 1 4 1 ,0 5 5 1 4 6 ,4 6 3 6 0 ,3 9 8 5 2 ,2 4 9 1 ,5 2 7 ,0 6 3 5 4 9 ,6 1 0 4 7 9 ,4 1 3 7 1 1 ,7 9 8 3 0 9 ,4 6 0 2 4 5 ,2 5 3 71 [Voi*. JjAlI. -Gross Karnmgs.UO'trls. 1895. 1891. $ $ Net Earnings. ------- . ------1895. Ir o n R a i l w a y ___ b . . N o v . 4 .5 3 3 4 ,4 5 5 Jan . 1 to N ov. 3 0. .. 4 3 ,0 3 7 3 8 ,4 2 0 J u ly 1 t o N ov. 3 0 . . . . 1 9 ,7 4 1 1 9 ,1 9 9 J a c k . T a m . A K . W ..N o v . 2 6 .9 3 9 7 3 ,3 9 7 J a n . 1 to N ov. 3 0 . . . 3 5 3 ,7 8 1 7 1 4 ,1 9 6 J a c n e s t'n A L . E r ie . S e p t . 4 ,2 6 5 4 ,3 6 2 J a n . 1 t o S e p t. 3 0 . . . 3 1 ,2 4 3 3 3 ,7 4 9 K a n a w h a A M i c h .b ..N a v . 4 5 ,9 4 2 3 4 .5 9 3 J a n . 1 to N o v . 3 0 . . . . 4 1 4 ,2 2 9 3 5 3 ,8 0 5 J u ly 1 to N ov. 3 0 . . . . 2 0 1 ,7 8 7 1 7 8 ,3 3 2 K a n . C . F t . 8. A M a . N o v . 3 9 5 ,7 9 3 4 2 6 ,3 0 9 J a n . 1 t o N o v . 3 0 . . . . 4 .1 4 7 ,7 4 7 4 .3 0 8 ,3 6 6 J u l y 1 t o N o v . 3 0 ___ 2 ,0 1 9 ,6 0 6 2 ,0 1 4 ,1 6 3 fc a n .C . M e m . A B . a . N o v , 1 3 6 ,2 7 0 1 0 9 ,2 5 8 J a n . 1 t o N o v . 3 0 ____ 9 9 7 ,1 0 9 9 4 1 ,7 5 5 J u ly 1 t o N ov.3 0 . . . 5 1 8 .4 4 4 4 4 2 ,4 7 8 K e o k u k A W e s t ’ n . b . .O c t . 4 0 ,4 3 1 3 1 .4 0 2 J a n . 1 to O ct. 3 1 . . . 3 0 9 ,1 7 7 3 0 7 ,6 5 4 L . E r ie A l l . A S o . a . N ®v. 8 ,6 4 4 7 .9 3 6 J an . 1 to N ov . 3 0 . . . . 7 4 ,2 4 2 7 0 ,2 9 9 L a k e E r ie A W e s t .b .N o v . 3 0 7 ,1 5 7 2 9 2 .6 1 1 J a n . I t o N o v . 3 0 . . . . 3 ,2 0 8 ,3 8 4 3 ,0 3 9 ,2 1 4 $ 153 4 ,7 7 4 663 1 ,1 5 2 2 9 ,8 0 8 1 ,3 7 2 2 ,0 3 6 1 1 ,0 6 5 9 9 .2 5 4 5 0 ,3 5 8 1 2 2 ,4 6 2 1 ,2 8 7 ,6 1 3 6 4 2 ,2 1 2 4 6 ,1 2 0 1 4 0 ,3 6 7 1 0 0 ,1 7 1 1 9 ,7 6 1 1 0 2 .0 5 1 2 ,2 7 3 7 ,0 8 9 1 4 2 ,8 4 1 1 ,4 5 3 ,6 0 6 1 4 ,9 0 0 3 ,5 1 1 1 1 1 .6 2 9 L o u is v .E v . A S t. L. b .N o v . 1 ,2 9 2 ,8 9 4 J a n . 1 t o N o v . 3 3 ----1 ,7 L o u is v . A N a s h v .b .N o v . .__9 5 ,0 2 0 J a n . 1 t o N o v . 3 0 . . . . 1 8 . 0 5 1 . 3 4 2 1 7 .6 8 8 .8 8 9 J u l y 1 t o N o v . 3 0 . . - . 8 ,9 6 2 ,2 2 6 8 ,4 7 0 ,4 7 5 2 5 9 ,7 3 8 L o u is v . N. A . A C .a ..N o v . J a n . 1 t o N o v . 3 0 ----- 2 ,9 7 2 ,3 7 5 2 ,6 1 6 ,0 2 2 J u l y l t o N o v . 3 0 . . . 1 ,4 9 9 ,3 6 9 1 ,3 5 0 ,8 8 7 3 9 ,7 6 4 3 4 3 ,4 2 1 7 2 1 ,9 3 7 6 ,1 L 3 .3 3 6 3 ,2 2 1 ,3 0 3 8 1 ,3 4 6 l,0 2 7 ,s 09 5 3 1 ,2 9 0 L e x i n g t o n A E a s t ’ n ..N o v . Jan . l to N ov. 3 0 — 1 6 ,4 5 3 * *'* nr>~’ 1894. $ 1,201 7 ,7 2 8 5 ,2 1 1 2 8 ,4 2 0 2 6 7 ,1 4 4 1 ,1 4 3 6 641 9 ,2 0 5 8 6 ,4 9 7 5 0 ,8 4 5 1 3 9 ,2 5 5 1 ,3 2 5 .7 5 8 6 3 8 ,4 4 1 3 5 ,8 2 1 1 3 5 ,8 1 9 7 6 .7 5 8 8 ,9 4 6 9 5 ,8 3 7 769 1 0 ,1 0 8 1 4 4 ,6 1 2 1 .3 2 8 ,3 3 L 5 ,4 9 9 1 7 .1 5 2 2 6 8 ,3L 6 7 5 6 ,0 4 2 6 ,5 8 3 ,1 5 4 3 ,3 4 7 ,3 9 6 7 8 ,0 8 3 8 5 1 ,2 3 0 4 8 5 ,5 2 7 8 ,9 6 6 5 3 ,4 5 2 3 ,3 9 5 1 2 .3 5 2 8 ,0 2 8 1 1 .2 7 8 3 8 ,9 2 5 3 8 .6 ^ 8 L o u i s v . S t. L. A T e x . S e p t . 5 9 ,3 1 0 3 1 2 ,1 8 4 3 0 5 .9 9 4 J a n . 1 t o S e p t. 30 — 505 9 ,4 2 5 6 ,5 6 3 M a c o n A B I r m i u g .. ..N o v . 592 7 1 ,7 4 5 6 5 ,8 4 6 J a n . 1 t o N o v . 3 0 ----d e f. 2 ,2 47 3 0 ,4 0 3 3 5 ,4 9 0 J u ly 1 to N ov. 3 0 . . . d e f.5 ,1 4 0 d e f .8 ,5 0 3 1 ,8 9 9 3 .1 2 6 M a n i s t i q u e .................... N o v , 5 6 .6 5 4 2 0 .5 3 8 5 2 ,1 8 9 1 1 3 .3 1 3 J a n . 1 t o N o v . 3 0 ----5 0 ,4 6 0 5 1 ,5 4 2 1 4 0 .5 0 1 1 5 0 ,0 6 8 M e m p h is A C h a s ’ n . . . N o v . 1 7 6 ,4 4 7 1 5 7 .5 4 1 1 ,1 5 1 ,9 8 6 J a a . 1 t o N o v. 3 0 ----- 1 ,1 1 8 ,5 3 6 1 2 9 .3 2 .5 1 5 8 .5 8 3 5 5 J,0 6 1 6 0 4 .0 5 2 J u ly 1 to N ov. 3 0 . . . 2 9 7 ,5 6 1 2 9 0 .2 4 4 6 8 2 .9 5 0 8 0 6 ,6 4 0 M e x ic a n C e n t r a l — N o v . J a n . 1 t o N o v . 3 0 . . . . 8 ,5 9 4 ,2 7 1 7 ,6 5 9 ,5 7 8 3 ,4 9 4 , 6 8 0 2 , 6 1 9 , 5 0 9 7 8 ,2 1 3 8 5 ,8 8 8 2 3 1 .6 1 0 1 8 7 ,4 2 6 M e x . I n t e r n a t i o n a l . .N o v . 7 8 9 ,2 0 7 9 2 1 ,7 7 2 1 ,9 5 9 ,8 3 9 J a n . 1 t o N o v . 3 0 . . . , 2 ,3 7 8 .6 9 9 1 7 3 ,8 9 0 c l8 5 ,9 3 6 3 7 1 ,6 7 0 3 9 2 ,4 3 3 M e x i c a n N a t i o n a l .. ..N o v . J a n . 1 t o N o v . 3 0 ----- 4 ,0 6 7 ,7 7 4 . 3 ,9 0 0 ,8 5 6 c l , 8 3 9 ,7 0 9 1 ,6 6 2 , 5 1 4 2 9 ,7 4 0 5 1 ,8 7 4 2 9 ,5 0 8 5 4 ,1 0 4 M e x i c a n N o r t h e r n ... N o v . 3 1 2 ,1 0 8 3 3 3 ,0 5 5 5 8 4 .4 0 3 6 2 4 ,7 7 8 J a n . 1 t o N o v . 3 0 -----8 2 .6 5 8 9 2 ,0 4 0 1 7 2 ,4 7 5 1 9 5 ,1 9 6 M in n . A S t. L o u i s , a N o v . 6 5 9 ,6 2 1 7 7 2 ,2 6 8 J a n . 1 t o N o v . 3 0 . . . 1 ,8 1 5 ,1 2 4 1 ,6 4 1 ,8 9 7 3 9 8 ,4 3 5 4 4 6 .6 4 5 8 5 8 .5 8 3 9 8 1 ,5 7 3 J u ly 1 to N ov . 3 0 . . . 1 3 0 ,8 0 7 2 1 2 ,3 4 7 2 8 7 ,6 2 9 4 3 6 ,3 6 5 M in n .S t .P .A S . 8 t e M .N o v . 1 0 ,1 7 9 8 ,4 1 5 3 3 ,4 9 4 3 0 ,5 6 3 # M o b ile A B in n ln g * m ..N o v . 1 5 0 ,6 0 0 1 5 6 ,4 5 2 3 3 2 ,0 1 4 3 6 2 ,9 5 7 M o b ile A O h io a ......... N o v . J a n . 1 t o N o v . 3 0 . . . . 3 ,1 0 5 .5 8 3 2 ,9 3 0 ,1 0 3 1 ,0 4 5 ,1 1 5 1 ,0 0 9 , 7 9 5 5 0 5 ,6 7 4 6 0 3 ,0 4 3 J u l y l t o N o v . 3 0 . — 1 ,5 1 1 ,9 6 7 1 ,3 4 0 ,6 1 8 1 7 0 ,0 6 7 1 7 7 ,1 5 2 4 1 5 .9 1 6 4 5 8 ,2 9 1 N a s h .C h . A S t. L . b . . D e c . J a n . 1 t o D e o . 3 1 ----- 4 .8 7 1 ,8 6 3 4 ,6 2 3 ,9 LO 1 ,9 6 6 ,9 8 9 1 ,8 5 6 ,6 0 9 9 9 9 ,0 2 2 1 ,0 8 3 ,8 6 9 J u l y 1 t o D e c . 3 1 . . . . 2 ,6 3 5 ,7 3 1 2 ,3 7 2 ,3 6 9 444 816 2 ,6 2 6 3 .1 2 6 N e v a d a C e n t r a l---------O c t. d e f.3 1 3 1 ,6 3 4 2 0 .7 0 7 2 4 ,1 0 6 J a n . 1 to O ct. 31 . . . d e f . 884 1 ,5 6 8 7 ,4 9 0 1 0 ,3 8 2 J u l y 1 t o O o t. 3 1 — 370 616 9 ,6 5 3 1 0 ,0 7 5 N e w O r l. A S o u t h .a .. .O o t . d e f .4 ,7 3 3 d e f .9 ,8 6 2 7 7 ,5 5 7 7 0 ,4 9 5 J a n . 1 t o O o t. 3 1 — d e f . 2 ,2 9 1 d e f.3 ,6 6 L 2 9 ,0 9 3 3 2 ,8 6 3 J u ly 1 to O ct. 31 — N . Y . L . E. A W .— J u l y 1 t o S e p t . 3 0 ___ 7 ,2 6 5 ,7 9 0 6 .6 9 2 ,2 9 1 2 ,2 1 9 ,3 4 0 2 , 2 0 6 , 4 9 4 8 9 ,0 9 8 1 2 0 ,6 9 6 3 1 6 ,3 3 3 N. Y . O u t . A W e s t . a . .N o v . 3 4 9 .2 7 5 9 3 8 ,3 8 4 1 ,0 2 6 . 0 3 6 J a n . 1 t o N o v . 3 0 . . . . 3 ,4 2 7 ,9 7 2 3 ,4 7 4 .2 7 9 5 6 1 ,4 4 3 5 3 2 ,4 7 1 1 ,7 2 7 ,3 1 9 J u ly 1 t o N o v . 3 0 ----- 1 ,7 4 9 ,0 1 6 7 4 ,8 1 6 8 7 .2 4 2 1 9 3 ,5 7 4 N. Y . S u s. A W e s t .. b . D eo. 1 9 2 ,5 0 0 6 3 2 ,0 0 1 8 7 3 .5 5 8 J a n . 1 t o D e c . 3 1 ----- 2 ,2 6 0 ,8 2 1 1 ,9 6 2 ,9 8 4 3 5 8 ,0 9 8 5 0 9 ,9 3 4 1 ,0 7 3 .2 6 5 J u l y 1 t o D e c . 3 1 . — . 1 ,1 8 5 ,2 2 9 2 3 8 ,7 8 3 2 2 6 ,4 1 4 9 1 6 ,2 7 0 9 5 3 .1 0 0 N o r fo lk A W est’ n -.a .N o v . J a n . 1 t o N o v . 3 0 ___ 8 ,7 8 1 ,8 3 4 9 ,4 6 8 ,7 8 1 1 ,9 3 4 ,4 6 4 2 ,4 5 5 , 4 9 3 4 ,2 8 6 1 ,9 7 0 5 ,4 7 3 8 ,4 5 5 N o r t h e a s t e r n o f G a ..N o v . 1 5 ,5 0 8 9 ,7 0 7 5 5 ,3 0 6 4 7 ,6 8 2 J a n . 1 t o N o v . 3 0 ___ 1 5 9 ,2 4 4 1 7 9 ,6 7 8 5 4 4 ,3 1 0 5 8 4 ,8 3 8 N o r t h . C e n t r a l, b — N o v . J a n . 1 t o N o v . 3 0 . . 5 ,9 4 6 ,8 4 4 5 .5 1 3 ,4 7 7 1 ,7 6 2 ,0 7 6 1 ,6 8 5 , 2 5 6 7 8 3 ,0 2 0 N o r t h e r n P a c i f i c - b . . N o v . 2 .1 9 8 ,0 2 4 1 ,8 5 6 ,7 0 3 1 ,1 7 8 .5 9 3 J a n . l t o N o v . 3 0 .. . 1 7 , 5 9 2 , 2 4 8 1 5 ,4 L 6 ,0 4 2 7 ,2 0 9 ,0 5 3 4 ,8 1 6 .0 4 3 J u l y 1 t o N o v . 3 0 . . . . 1 0 , 4 9 2 , 8 8 4 9 ,0 1 9 ,8 3 7 5 ,2 7 6 ,4 4 7 3 ,8 1 2 . 4 8 7 2 1 ,3 1 9 2 8 ,0 3 7 O h l o R i v e r . b ................ N o v . 9 1 ,3 9 7 6 1 ,1 2 4 2 5 6 .0 0 5 2 8 7 ,0 6 2 J au . 1 to N ov. 3 0 . ... 8 0 6 ,5 6 7 6 5 7 ,0 8 4 5 ,3 5 9 3 ,3 9 9 O h io R i v e r A C h a s .. .N o v . 1 7 .2 7 2 1 7 ,7 3 3 1 5 ,1 6 3 2 9 ,5 9 0 Jan . 1 to N ov. 3 0 . ... 1 6 7 ,2 8 2 1 5 2 ,0 5 7 4 0 .6 9 0 2 5 ,6 1 0 O h io S o u t h e r n ............A u g . 6 9 ,5 0 0 6 9 ,7 7 4 2 1 9 ,8 5 0 1 5 4 ,7 9 6 Jan . 1 to A u g. 3 1 . ... 4 6 8 ,1 1 8 4 2 9 ,1 1 5 8 2 ,7 8 3 4 8 ,7 8 6 J u ly 1 to A u g . 31 - . 1 2 8 ,6 0 6 1 4 3 ,2 1 8 1 ,9 0 3 ,2 8 7 2 ,0 0 9 ,0 5 8 P e n n , ( e a s t P .A E . ) . . N o v . 5 ,8 7 7 ,6 2 4 5 ,4 6 5 ,8 5 7 J a n . 1 t o N o v . 3 0 . . . . 5 8 , 9 8 7 , 5 7 5 5 3 ,5 5 0 ,4 9 6 1 7 ^ 9 8 3 ,1 7 2 1 6 ,7 9 1 ,6 2 2 In o. 2 7 5 ,5 4 6 I n o . 4 9 4 ,9 8 9 Lines west P. A E .. Nov. I n o . 2 ,5 5 3 ,9 7 2 J a n . 1 t o N o v . 3 0 ___ I n o . 4 ,1 5 9 ,0 9 7 9 ,4 6 7 2 2 ,5 4 2 7 4 ,4 7 2 P e o r ia D e o . A E v — N o v . 7 5 ,4 9 9 1 9 9 ,8 0 4 2 7 0 ,2 4 6 7 3 0 ,6 8 7 8 3 3 ,9 7 8 J a n . 1 t o N o v . 3 0 ___ 1 5 ,0 3 2 1 5 ,9 5 4 4 1 ,5 2 0 P e t e r s b u r g ....................N o v . 4 5 ,8 2 9 1 7 4 ,7 6 0 1 8 6 ,7 8 2 J a u . 1 to N ov. 3 0 . . - . 4 9 3 ,7 4 6 4 7 9 ,8 9 0 9 4 ,0 7 5 1 0 1 ,0 7 2 2 0 3 ,3 0 4 2 3 4 ,4 5 0 J u l y 1 t o N o v . 3 0 ----1 1 1 ,2 2 6 1 5 1 ,7 3 7 4 5 0 ,9 7 2 3 8 3 ,6 4 2 P h ila d e lp h ia A E r i e b .N o v . 9 9 0 ,6 8 2 J a n . 1 t o N o v . 3 0 ----- 4 ,0 3 7 ,1 3 9 3 ,6 8 5 ,3 4 3 1 ,1 7 7 ,0 9 9 P h ila . A R e a d i n g . . . . N o v . 2 ,0 1 7 ,6 8 7 1 ,9 3 3 ,0 8 8 1 ,0 6 6 ,1 9 0 1 ,0 9 1 .7 4 8 J a n . 1 t o N o v . 3 0 . . . . 1 9 , 7 4 8 , 6 4 7 1 8 .5 9 2 ,2 6 3 9 ,0 6 7 ,3 0 2 8 ,2 8 5 ,5 5 7 D e o . I t o N o v . 3 0 . - . 2 1 , 3 0 0 , 5 7 5 2 0 ,3 4 4 ,7 7 4 9 ,6 7 2 ,1 6 3 9 ,0 6 5 ,7 8 5 2 1 9 ,5 7 9 C o a l A I r o n C o ........ N o v . 2 ,4 9 4 ,2 2 3 2 ,2 2 4 ,3 3 4 d e f .4 5 ,3 6 7 1 5 1 ,0 9 9 J a n . l t o N o v . 3 0 ___ 2 2 ,4 9 2 ,5 4 4 1 9 ,9 5 7 ,5 5 3 d f .3 1 2 , 3 8 2 2 6 8 ,5 5 3 D e o . l t o N o v . 3 0 . - . 2 4 , 0 8 0 , 7 9 9 2 2 ,2 3 6 ,8 6 4 d f .6 9 9 ,8 0 9 1 ,0 2 0 ,3 2 3 1 ,3 1 1 ,3 2 2 T o t a l b o t h c o s ........N o v . 4 ,5 1 1 ,9 1 0 4 ,1 5 7 ,4 2 2 J a n . 1 t o N o v . 3 0 . - . 4 2 , 2 1 1 , 1 9 1 3 8 ,5 4 9 ,7 1 6 8 ,5 5 4 . 9 2 0 8 ,4 3 6 ,6 5 6 D e o . l t o N o v . 3 0 . . . . 4 5 , 3 8 1 , 3 7 4 4 2 ,5 8 1 ,6 3 8 8 ,9 7 2 , 3 5 4 9 ,3 3 4 ,3 3 8 P it t s . O. C . A 8 t. L . - N o v . 1 .4 2 5 ,9 3 1 1 ,2 6 5 ,7 4 1 J a n . 1 t o N o v . 3 0 . . . . 1 4 , 0 9 1 , 1 0 6 1 3 ,0 2 0 ,6 8 8 4 5 7 ,8 8 9 3 ,8 6 9 ,3 2 7 3 5 2 ,5 4 3 3 ,2 2 4 , 8 0 1 J anuary THR 1 8, 1896.1 -G r o ss E a rn in g s — G r o ss B a m i n g s . 1 895. 1894 $ $ EJn. P .D . A G u lf, b . . . S o t . 3 1 8 ,5 4 5 3 0 6 .1 7 6 2 ,8 3 0 ,3 2 4 Jan . 1 to S o v . 3 0 ----2 ,5 9 9 ,2 1 2 W a b a sh .b . . . ..........S o v . 1,0 8 8.55 4 1,0 28,373 J a n . 1 t o S o v . 3 0 ___ 1 1 ,5 9 0 .7 4 9 1 0,604,491 J u ly l to S o v . 3 0 . . . . 5 ,9 0 7,73 3 5 ,2 6 9 ,1 4 7 4 9 ,0 1 3 6 9 ,0 4 6 W aco A S o rth w ’ n -----O ot. 2 4 0 ,2 2 4 2 1 1 ,9 9 4 J an . 1 to O ot. 3 1 . . . . 1 1 1 ,5 5 0 1 0 8 ,5 7 4 WTest J e rs e y A Brs .N o v . Jan . 1 to S o v . 3 0 ___ 1 ,5 5 9 ,6 7 5 1 ,4 7 4 ,0 7 6 9 6 0 06 7 5 ,4 9 4 West V a. C ent. A P. D eo. 9 7 8 .74 1 Jan . 1 to D eo. 3 1 . . . . 1 ,1 2 1 .6 1 0 6 1 6 ,8 >0 5 5 4 ,4 6 0 J u ly 1 t o Deo. 3 1 ___ 37.131 36.141 W. V irg in ia A P ittsb .O ct. 3 1 3 ,7 5 7 3 1 3 ,4 8 6 J a n . 1 t o O ot. 3 1 . . . 6 1 ,4 6 4 5 2 .8 4 2 W est'n o f A labam a . S o v , 4 ‘ 2,431 J an . 1 to S o t . 3 0 . . . 4 35,4 23 24 L,605 2 5 3 .9 3 0 J u ly 1 to S o t . 3 0 . . . 9 *.777 Western M a ry la n d ... S o t . 102.568 Jan . 1 to S o v . 3 0 ----- 1 ,1 9 8.58 1 1 ,1 5 6 .0 9 * 2 3 2 ,66 2 2 1 7 ,1 9 4 O ct. 1 t o S o v . 3 ) ___ 3 1 4 ,0 5 3 iV -st.S . Y. A P enn b ,STov. 2 3 8 .0 2 6 Jau . 1 to S o v . 3 0 ___ 3 .0 6 1 ,4 4 2 2 ,8 7 2 ,3 9 6 J u ly 1 to S o v . 3 0 ___ 1 ,5 6 8,97 9 1 ,5 3 6.50 2 1 2 3 .06 6 1 1 2 .10 8 W heeling A L. E r i e ..S o v . Jan . L to S o v . 3 0 . . . 1 ,2 2 4,32 9 1 ,1 3 3 .1 7 7 6 5S .972 6 o 7 ,2 9 4 J u ly 1 to S o v . 3 0 . . . 6 ,1 0 3 8 .4 0 6 W rlgh tev. A T eu n ..D e c . 7 8 ,5 5 7 8 5,7 23 Jan. 1 to D eo 3 1 .... 47,4 65 4 2 .3 3 5 J u ly 1 to D eo. 3 1 ___ <t o a d s . R oa d s. Pitta. M ar A Ohio___N ov. J an . 1 to S o t . 3 0 ___ P itte b n rg A W estern .S ov . Jan . 1 to S o t . 3 0 . . . . J u ly 1 to S o t . 3 0 ___ Pitta. Y ou n g s. A A ...S o t . J a n . 1 t o S o t . 3 0 ___ B lo b . F red . A P o t . . . S o t . J an . I to S o t . 3 0 . . . J u ly 1 to S o t . 3 0 — B lo b . A P etersbu rg. .. S o t . J an . 1 to S o t . 3 I___ J u ly 1 t o S o t . 3 0 — B io G ran d e 8 o u t b .b .S o t . J a n . 1 to S o t . 3 0 ___ J u ly 1 to S o t . 3 0 . . . . B io G ran d e W e s t .b N ov. J a n . 1 to S o t . 3 0 ___ J u ly 1 t o S o t . 3 0 . . . . 8 * 6 Tua. A H u ron .S o t . J a n . 1 t o S o t . 3 0 ___ Bag. V alley A 3 t. L. . S o t . J a n . 1 t o S o t . 3 0 ----S t.L ou is A lt .A T .H .b .O e t . Jan . 1 to l e t . 3 1 . . . . J u ly 1 to O ot. 3 1 ----S t.P a u l A D u lu th .b . A ug. J an . I to A ug. 3 1 . . . . J u ly 1 to A ug. 3 1 . . . . San A n t. A A ran. P ..S o t . J a n . 1 to S o t . 3 0 . . . . Ban Fr. A S P a o .a .. .S o T . J a n . 1 to S o t . 3 0 . . . . J u ly 1 to S o t . 3 0 . . . . SaT. Fla. A West b ..N o t . Jan. I to S o t . 30 . . . 3 ,0 8 1 .1 0 9 J u ly 1 to S o t . 3 0 . . . 1.3 7 7,49 7 BllTer B p.O oala A O .N ov . 11,111 10.493 S llv e rto n ....................... Oot. 5 7 .a u J a n . 1 to O st. 4 1 ___ 1.363 S ou tb H aTen A Eaat.N ov. 16.4 35 J an . 1 t o S o t . 3 0 . . . S o u th e rn P a etflr— 4 74.544 4 3 6 ,4 9 4 G al. H. A S . A n t b S o t J au. 1 to S o t . 3 0 . 4.38:1.580 3 ,8 5 0 .3 5 3 112 .00 8 91.631 L o u isia n a W e a t .b . S ot 9 9 6 .6 5 3 8 97 .82 4 J an. 1 to S o t 3 0 .. 7 0 8 .7 5 9 ? 1.648 5 .3 7 3.38 S 5 ,3 5 3,28 1 17.091 2 9 ,4 9 7 2 39 .32 7 2 15 ,67 2 J an . 1 to S o t . 3 0 . 155.991 141,639 T exas A S . 0 ..b ...N o v J an . 1 t o S o t . 3 0 ., 1,4 9 7,98 4 1 .4 1 7 .8 9 9 A tla n tic aye. b .......S ot 1,488.791 1 .4 9 1 .9 3 8 J a n . 1 to S o t . 3 0 ___ 1 2 ,8 51 ,0 7 7 1 1,952.691 P a cific system , b . . . N ov. 2 .9 1 5 .7 1 9 2 ,7 8 7 ,9 2 8 2 9 ,8 9 8 .3 2 5 2 8 .8 4 2 .2 5 7 J a n . 1 to S o t . 3 0 4,3 8 4,51 0 4 ,2 7 9 .3 6 2 T o ta l o f a l l ....... b . .S< 4 2.5 5 1 .4 0 1 4 0 ,7 9 4 .9 4 8 J o n . 1 to S o t 30 5 3 9 .8 7 5 7 82.171 A ffiliated linae. b ..S< 5 .3 3 2 ,8 1 7 5 .5 7 3 .5 5 9 J an . I t o S o t . 30 4 ,9 2 1 .4 8 8 5 .0 6 2,03 3 G ran d T o ta l, b ____S c J a n . I to S o t . 3 0 .. 4 7 3 8 1 ,5 0 1 46.8 88 .5 0 7 9 0 9 ,6 2 4 Bo. Pan. o f Cal b . . .O ot. 1 .0 0 4.91 7 J an . 1 to O c t 3 1 .. 8 ,6 5 4 .8 2 0 7 .5 4 8 .3 8 1 2 3 2 .3 9 6 2 5 0 .90 3 Bo. P a e .o f A rlx 'a .b O ct. J a n . 1 to O e t 3 1 .. 1 .8 5 7.42 9 1 .7 1 0 .7 6 0 116.427 9 3 .7 2 3 8 o .P a e .o f S . M .b . . O e t 8 9 0 ,4 1 8 7 6 4 ,9 7 4 J a n . 1 to O c t 3 1 . . 2 05 .30 5 2 1 9 .6 9 9 S a rth e rn R a lV y .b . O e t Jan . 1 t o O et. 3 1 .. 1 ,648.808 1 .8 0 5,95 5 S ou th ern Rail w ay.a . S o 1 ,8 7 0 3 6 4 1 .7 8 3.82 8 J a n . 1 t o S o t . 3 0 .. 1 6.873,275 16.341.510 8 .5 0 4.02 4 7 .9 6 3 .4 2 4 J u ly 1 to S o t . 3 0 .. 8 3 .0 9 6 76.601 S taten I. R ap. T r b . O e t 1 ,0 2 9,59 0 J an . 1 to O e t 3 1 .. 9 2 0 .5 5 7 5 2 3 .7 9 0 4 5 7 ,9 4 0 J u ly 1 to O c t 3 1 . . . 1.877 S to n y Cl. A C . M b 1.862 4 1 ,0 9 0 J a n . 1 to S o y . 3 0 ___ 4 2.9 92 2 9.0 25 3 0 .1 0 0 J u ly 1 t o S o t . 3 0 S um m it B ra n ch .*. ..N ov . 91.2 91 1 08 .73 3 J an . 1 to S o t . 3 0 . . . . 1,0 5 0,85 7 8 9 3 .95 9 L yk ene V a t C o a l.* .S o t . 85318 9 2.5 08 8 9 0 ,60 2 8 0 4 .22 4 J an . I to S o t . 3 0 . . . 1 76,809 T o ta l b o th C o’ * .* . S o t . 201 .24 1 Jan . 1 to S o t . 3 0 ___ 1 ,750,459 1,6 9 8,18 3 5 ,0 5 0 T e x . Sab. V. A S . W .. D ec. 4 ,3 3 7 4 0 .9 0 5 J a n . I t o D ee. 3 1 ___ 4 7 .0 9 5 1 79 ,30 3 T o led o A O. C e n t .b ..S o t . 1 6 8 .59 2 J an . 1 t o SaT. 3 0 . . . . 1,683,1 47 1 ,6 7 5 .9 5 8 9 1 1 ,19 1 1 ,0 0 0 ,0 5 3 J u ly 1 t o S o t . 3 0 . . . . 8 5 ,3 9 9 7 4 ,8 5 2 T o L P e o ria A W e »t. b. . Deo. J a n . 1 to D ec. 3 1 ___ 9 9 1 .2 9 7 8 03.621 5 3 1 .2 8 9 4 9 3 .2 3 0 J u ly 1 to Dee. 3 1 . . . . (Tlater A D e ln w 'e ... .N o t , 3 2 .9 7 3 2 9 .3 0 3 3 87 ,77 5 J a n . 1 t o S o t . 3 0 ___ 38 4.000 J u ly 1 to S o t . 3 0 . . . 2 1 9 ,1 0 9 2 0 9 ,1 0 4 O n ion P a cific— Onlan P a c. B y .. b ..S o t . 1.3 6 2.31 4 1 .3 3 3.11 1 J an . l t o S o t . 3 0 ..:1 8 .1 9 3 .8 8 0 1 3 ,7 0 7 ,1 6 2 5 0 0 .7 4 9 O reg. S .U A C .S .b .S o t . 4 6 7 .7 7 4 Jan . 1 t o S o t . 3 0 . . 4 .9 2 3 .1 2 1 4 .6 2 6 ,6 4 4 5 5 .8 5 3 B tJ o e .A G d. 1*1 b . . S o t . 5 5 .9 1 7 7 2 4 ,4 6 2 Jan . 1 to S o t . 3 0 . . 5 6 4 .9 2 5 K an. C. A O t n .b . . . . S o t , 8 .9 9 6 7 .3 5 5 Jan . 1 to S o t . 3 0 . . 104 .25 3 6 4.4 73 2 4 .1 1 9 d e n t B ranch , b ..S o t . 43.9 14 J an . 1 to S o t . 3 0 . . 2 9 3 .9 1 5 3 5 4 ,0 2 6 A tch . C. A P a o .} . „ 2 7,5 24 3 4 ,5 5 5 AtJew.C. AW.j -••N0TJ a n . 1 to S o t . 3 0 . . 2 4 9 ,0 0 0 3 3 3 .9 6 3 G ran d T o t a l. . b l . . .. S o t . 2 .1 3 4 .2 0 5 2 .0 4 9 .2 8 0 J an . 1 to S o t . 3 0 . .12 0 .4 7 7 .8 0 0 2 1 .4 6 2 ,2 2 2 CHRONICLE. 170 .90 1 1,4 1 9.08 2 6 1 .3 3 2 4 6 8 ,97 7 2 9 3 ,8 1 4 1 ,3 2 5,27 6 6 ,1 1 4 7 1 .9 4 1 5 7 ,5 5 5 6 1 0 .5 6 0 5 9 6 .8 8 8 3 ,9 1 2 .3 6 9 1 ,1 2 8 ,9 5 0 1 0.2 5 1 .5 5 3 I.7 2 5 .4 J 8 14.163,921 2 1 9 .1 9 5 1 ,7 5 9 ,1 0 2 1 .9 1 5.08 3 1 5 .9 2 3 .0 7 5 4 2 6 ,2 4 3 3 ,3 2 4 ,1 1 2 1 1 7 ,20 6 5 5 4 ,08 1 6 8 ,0 8 5 2 9 0 .3 4 8 59.9 24 3 2 5 ,28 8 7 0 0 ,1 6 1 4 .8 2 3 ,3 7 3 2 ,8 7 0,30 1 2 1 .0 0 3 41M.6 6 2 4 0 .8 8 9 4 65 17,8 69 1 5 ,9 8 1 d e f.8 .3 5 2 6 6 ,4 9 2 d e f.6 ,5 2 7 d e f 4 0 ,9 5 1 ilef. 13,870 25,541 1 .9 8 1 61,1 31 4 92 .50 1 3 0 7 .7 0 7 1 9 .9 7 0 2 2 1 ,4 0 7 1 3 9 .1 8 2 6 .0 7 4 9 1 .1 5 5 7 2 ,2 2 2 5 6 2 .2 1 8 5 .1 3 1 .2 1 2 2 6 5 ,4 9 9 2 ,1 8 2 ,2 5 9 15.1 93 1 0 5 ,74 3 d ef. 1 ,740 d e f.3 0 .8 J l 2 4 .9 0 0 9 1 ,9 5 6 d s f.2 ,8 8 7 d e f.5 0 ,7 8 5 901.791 7 ,6 3 0 ,3 5 3 131 S e t E a r n i n g s . -----, 1895. ------S 129 ,76 7 6 7 3 ,3 0 5 2 6 9 .1 -9 3 ,1 9 9 .8 3 6 1,8 3 8,48 3 3 7 ,2 7 7 1 1 4 ,6 6 7 1 9 ,9 5 3 4 2 4 ,3 1 7 3 2 ,5 6 0 3 4 9 , >32 2 1 9 ,3 1 7 2 3 .1 1 9 1 8 4 ,16 4 2 9 ,0 1 4 1 7*2,573 102,711 34,4 23 4 3 5 ,2 7 2 8 9,0 99 U 9 4 .1 3 7 **12,658 U 4 5 6 .0 0 0 40,3 78 9 2 .9 2 5 5 3 7 ,4 9 3 2 4 1 .1 3 6 2 ,4 8 5 .5 6 4 1 ,4 2 9 .4 2 5 5 4 ,0 9 5 1 08 .18 3 1 9 ,0 3 5 4 0 7 ,5 4 9 2 3 ,7 2 9 3 2 8 .5 9 1 1 8 3 ,4 9 6 2 0 .2 5 6 1 7 4 ,7 8 2 2 2 ,3 9 4 1 4 0 ,7 2 4 8 9 ,4 8 0 3 2 ,3 5 1 4 2 8 .0 7 2 8 0 ,3 9 3 9 4 .4 3 2 9 1 2 ,6 5 9 5 8 3 .2 2 0 1 8 ,1 4 0 23* ">*70*3* 4 .1 0 9 2 3 ,8 5 7 •17,027 142*65*5 2 ,0 5 8 2 7 ,3 3 7 * 1 6 ,, 2 9 1 89 4 $ a N et e a rn in g s h ere g iv e n a re a ft e r d e d u c t in g ta x e s , b S e t e a rn in g s h e re g iv e n a re b e fo r e d e d u o tln e t a x e s , c D e d u ctin g o th e r e x p e n d itu r e s fo r re p a irs .re p la o e m e n ts and g en era l e i o e n s e s , net Incom e a p p lica b le to Interest o n b o n d s In N ovem b er w a s $ 10 1 ,0 5 3 . against $ 6 6 ,1 9 3 last y e a r, and fo r e le v e n m on th s to S o mem b er 30 *9 7 3 ,7 5 0 , a ga in st $ 6 4 1 ,0 2 6 . A fte r a d d in g e a rn in g s re c e iv e d fro m F ederal J 3 o v e rn iu e n t n e t fro m J a n u a r y 1 to N o v e m b e r 3 0, 1694, was $9-11.915. This Is the re su lt In M ex ica n d o lla rs trea ted (a o o o rd in g to the co m p a n y 's m e th o d o f k e e p in g its a eoou n ts) as e q u lr a le n t to SO cen ts In D ntted S tates m o n e y —that Is. a ll d e p re cia tio n b e y o n d 3 0 per ce n t has a lre a d y been a llo w e d fo r . A F igu res fo r 1695 d o n o t lu olm le results on A lb a n y F lorid a A N orthern a fte r A u gu st 14, w h ile th e figu res fo r 1 694 d o ln o lu d e them , e R esu lts o f co a l m in in g o p e ra tio n s o n ly , r R e ce ip ts fo r S o v e m b e r , 1891, ln o lu d e $ 6 7 0 f o r m all. E In clu d in g o th e r tuootne, the n e t fro m J a n u a ry 1 to D e o e m b e r 31 was $ 1 3 0 ,9 5 1 . a ga in st $ 5 0 5 ,4 4 1 to r 1 89 4 , an d fro m J u ly 1 to D e o e m b e r 31 $ 30 4 ,9 0 6 , a ga in st $'286,980. h [D eluded In e x p e n se * f o r N o v e m b e r, 1 89 5 , la $ 1 6 ,5 6 5 , an d fr o m J u ly 1 to N o v e m b e r 3 0 , 1*9 s, $ 6 8 ,7 3 2 . w hloh In fo rm e r y o a r t w o u ld h a re been ch a rg e d to b etterm en ts. • E xp en ses Inclu de fS .o O o f o r now rails and fa ste n in g s f o r J u ly 1 to D eo. 3 1 , 1 89 5 . a g a in st $ 5 ,9 6 6 fo r J u ly 1 to D eo. 3 1. 1894. t ln o lu d e * o n ly o n e -h a lf o f lin e s In w hloh C o lo n P a clllo has a p a r t Interest. F igures are g iv e n e x o lu s lv e o f resu lts o n O regon R a ilw a y A N avigation , U nion P aclllo D e n v e r A G u lf. F o rt W orth A D e n v e r C it y , L ea ven w orth T o p e k a A S outh w estern and M on ta n a U nion* I In clu d in g Incom e fr o m f e m e s . A c. 1 70 .55 7 1 ,1 5 1,76 4 36.991 4 1 7 .6 0 2 2 8 2 ,5 4 9 1 ,2 0 1,81 7 17.5 17 9 8 .2 4 9 6 2 .7 7 0 5 6 6 .3 3 9 5 9 2 ,7 0 4 3 ,4 9 0 ,2 6 5 1 .0 7 2 .7 1 2 Miscellaneous Companies. 5 0 9 .3 6 7 1 .6 8 5 ,4 1 6 s— G r o ss E a r n i n g s . ----- - ------ iY et E a r n i n g s . ------* 1 3 ,9 99 ,8 5 2 1895. 1894. 1 89 5 . 1894. 4 1 6 .7 9 6 $ $ $ $ 1 ,9 1 9,42 7 179.600 9 0 ,7 5 5 172 .94 5 E dlaoo El. n.Co.,N\ Y. N o t . 9 2 .4 9 5 7 9 9 .1 8 9 J an . 1 to N or. 3 0 . . . . 1 ,6 5 3 .9 7 6 1 ,4 9 3 ,2 8 4 7 1 6 ,4 4 3 2 .0 8 2 .2 1 2 15,9 19 ,0 7 9 5 0 ,2 6 0 4 3 .6 2 2 8 0 .6 3 8 Ed. E l.tll.0 o .. B klyn Dec. 2 6 ,2 0 3 4 2 3 ,9 8 9 8 2 2 ,0 3 6 2 41 ,03 4 J an . 1 to Deo. 3 1 . . . . 1 8 8 .5 0 3 3 6 4 .3 6 2 2 ,8 5 5 ,6 f l 9 0 ,2 5 7 4 0 ,0 6 8 Erie T ele^ .A T elop .C o.N 'T . 9 6.6 72 3 0 ,4 6 2 9 4 4 ,6 9 3 9 8 9 .6 5 3 4 1 4 ,5 4 1 37 2 ,1 5 0 J an . i to N o t . 3 0 . . . 9 5 ,2 7 8 5 9 7 .1 0 3 L aolede G as-L . Oo . . Deo. 102 ,12 1 9 5 ,6 0 5 8 6 4 .3 3 9 7 9 2 ,1 2 4 ........ J an . 1 to D ec. 3 1 . . . . 22.2 76 1 0 7 ,0 7 0 M exican T e le p h o n e . Sept. 7 .9 3 5 3 ,9 2 6 2 .3 0 4 9 ,2 4 8 6 5 ,0 5 9 6 1 ,6 5 5 3 0 ,9 6 6 2 5 ,4 2 5 M ar. 1 to 8ept- 3 ) . . . . 91.3 63 6 3 0 .3 8 7 M llw au keeO n *-L .C o..D ec. 5 3,6 71 5 0 ,1 5 7 4 1 7 ,7 6 0 3 6 6 ,7 3 4 J an . 1 i o D ee. 3 1 , . . . ........ 6 7 8 .1 7 5 4 .3 5 5 .5 6 3 O regon Im p. C o ..........N o t . 3 1 5 .2 9 0 3 9 ,2 8 7 1 0 7 ,0 5 9 2 7 1 .9 7 9 2 .6 2 1 .2 4 0 3 6 4 ,4 2 5 0 7 ,7 3 2 P acific M a ll..................Nov. 3 4 0 .3 3 2 6 1 .8 4 8 2 5 .5 8 7 5 5 4 ,6 3 6 7 4 0 ,4 5 6 J an . 1 l o No t . 3 0 . . . 3 .9 8 7 ,9 8 2 3 ,5 4 9 ,0 1 6 3«6.0<*6 4 9 8 .0 6 0 4 0 3 .9 2 4 M ay 1 to No t . 3 0 . . . . 2 ,5 1 7 .6 6 9 2 .3 0 5 .7 8 9 2 2 1 ,2 2 4 9 0 .9 9 2 9 0 ,8 0 0 fe n n . C oal 1. A HR ..V o v . 65 9 1 1 ,3 7 9 5 8 0 ,2 0 0 Jau . 1 to No t . 3 0 ___ .............. .............. 18.891 : 16,963 Interest Charges aid Surplus. —The following roils, in 14.8 04 d e f.1 6 .3 1 9 addition to their gross anil net earnings given in the foreg itn^. also report charges for interest, &!., with the surplus or deficit 6 ,5 6 8 1 def. 21,0 30 21,3 72 — fn fsr’ l, r e n t a l s , A c .—. - B a l , o f N e t B a r n s d e f.3 7 ,3 9 9 1895. 1894. 1895. 1894. * 1 lo a d s . 8 * 1,978 8 ,0 1 1 5 .3 7 9 1 8,1 98 1 0 .7 6 3 .... ... 1 R an gor A 'A r o o * to o k .N o v . 11,1 09 d e f.1 8 ,3 4 4 d e f.2 3 ,2 2 5 9 ,4 4 5 55,6 39 Cam den A A tl............. N ov. 1 2 9 ,2 2 9 1 4 0 ,3 5 0 1 4 6 ,9 3 3 5 7 4 ,9 1 6 1 12 ,29 9 Jan . 1 to N o t , 3 0 . . . . 3 8 9 .1 7 2 2 5 7 ,4 6 9 4 0 6 ,0 1 7 8 1 5 .0 0 0 7 9 7 .2 4 8 0. Burl. A Q ulney..N oT . 1 3 ,8 7 0 J an . 1 to No t . 3 0 . . . . 8 .9 0 5 .0 0 0 8 .7 0 9 .7 2 4 1 ,9 6 8,42 3 2 ,5 6 1 ,9 0 0 1 9 6 ,5 2 7 3 6 ,0 5 9 9 3 .9 1 6 105,577 9 4 ,6 2 7 ca g o A East. t ils .. Oet. 1 26 .75 1 5 5 ,1 5 6 2 2 0 ,2 2 0 4 0 2 ,2 2 0 4 1 5 ,52 2 J u ly 1 to O ot. 31 — 5 .1 6 6 Chlo. A W est M ic h ...N o t . 160 3 2 ,8 4 5 ile f.7,801 3 3 .5 5 2 1 0 5 ,0 6 7 3 0 0 ,42 8 d ef. 75,7 06 d e f.6 3 ,3 2 8 3 7 1 .2 8 0 J an . 1 t o N or. 3 0 ___ 6 8 ,6 0 6 85,971 2 4 1 ,1 5 5 9 3 ,2 3 5 2 4 1 .2 3 6 lev. Cin. Ch. A 8L L . Nov. 2 60 ,98 9 4 7 6 ,2 3 8 J u ly 1 to N ov. 3 0 ___ 1,1 8 1.67 4 1 ,1 7 8 ,6 1 2 3 5 9 .2 1 5 491 736 36,8 01 3 6.8 01 P eoria A E a s te r n . .N o t . 4 ,3 4 0,29 4 290 3 7 ,6 2 2 1 8 4 ,0 0 3 1 8 1 .0 0 8 J u ly 1 to No t . 3 0 . . . 1 00.578 8 3 .9 33 1 2 5 ,0 0 4 2 0 1 .14 1 1 9 3 .87 5 D en ver A R io G r 'd e . N ov. 1 ,3 0 3 .9 0 6 3 4 3 ,5 5 2 5 7 1 ,4 2 9 9 8 4 ,2 4 2 1 ,0 1 2,34 2 J u ly 1 to N o t . 3 0 . . . . 13,539 d e f .l , 381 29,7 73 d e f .l 1.932 3 1 ,2 9 9 t. L a os. A N o r.......No t . 1 7 6 .7 3 ) 3 2 8 .8 3 9 d e f.9 8 ,1 7 0 d f. 140,341 3 3 2 ,2 6 2 Jan . I to N o t . 3 0 . . . . d c f.1 .9 3 3 luth A Iro n R a n g e — d ef. 2 6 .1 5 2 9 4 1 ,8 8 3 Jan . 1 to N ov. 3 0 . . . . 5 .1 6 4 825 495 4 8 ,2 4 5 4 9 ,2 8 7 nt A P ere M arq. ..N o v . 1 21 ,62 3 3 7 .0 6 8 3 0 ,9 0 7 5 6 4 ,0 5 6 5 0 0 ,6 9 5 J an . 1 to N o t . 3 0 . . . . d «f.3 ,4 0 2 842 d e f . l , 873 1 1 ,0 7 8 10,223 n aw h a A M ich ___ N ov. d e f.8 0 8 d e f.3 ,5 4 1 6 4 ,3 8 6 51,1 66 J u ly 1 to N o t . 3 0 . . . . 1 0 .4 4 4 2 3 ,7 9 2 539 1 1 5 .4 6 3 1 2 1 ,92 3 n . C. Ft. 8. A M ...N 0 V. 4 9 0 ,2 2 3 8 2 ,2 6 3 6 5 ,0 0 0 5 5 6 ,1 7 8 5 7 7 ,2 0 6 J u ly 1 to N o t . 3 0 . . . . 5 ,9 9 3 ,0 8 5 THE lb2 ■ Inlet ’st, rental8, c£c.-> s-Bal. of Net iBas. 1895. $ 3 2 ,2 5 4 3 0 ,8 3 4 8 2 ,2 0 3 8 1 1 ,3 2 1 1894. $ 1 1 ,2 2 9 5(3,115 5 8 .1 7 8 6 2 3 ,8 9 2 8 2 .3 5 1 4 1 5 ,6 8 3 1 2 5 ,2 1 0 7 G 3 .3 2 9 CHRONICLE. 1894. $ 2 4 ,5 9 2 2 0 ,6 1 3 8 6 1 34 7 0 4 ,4 3 9 $ R oa d s. 1 3 .8 6 6 K a n . O. M em . A B tr .N o v . 6 9 ,3 3 7 J u l y 1 t o N o v . 3 0 ----6 0 .6 3 8 L . E r ie A W ea t’ n — N ov. 6 4 2 ,2 8 5 J a n . 1 t o N o v . 3 0 ----d e f . 1 .1 7 5 d e f . 4 ,2 6 3 8 2 ,5 2 1 L o n s v . N . A . A C h ,..N o v . 6 9 ,8 4 4 1 6 0 ,1 6 7 4 2 1 .1 2 3 J u l y 1 to N o v . 3 0 — 4 4 .8 2 7 5 0 ,8 8 5 1 2 0 ,2 6 7 N a a h v . C h a t A St. L ..D e c . 2 3 5 ,6 9 3 3 3 1 ,4 7 5 7 5 2 .3 9 4 J u ly 1 t o D . o . 3 1 . . . . N . Y . L . E. A W e s t .— d f .2 0 2 ,2 5 1 * d f. 1 2 ,0 6 1 * J u ly 1 t o S e p t. 3 0 . . . ! ,2 7 3 ,0 3 5 2 ,1 6 1 ,5 9 0 1 1 5 ,0 7 2 1 9 6 ,2 0 2 2 3 7 ,4 7 1 •261,637 P U t». C . C A S t. L . . . N o v . 6 3 4 ,4 6 7 J a n . 1 t o N o v . 3 0 . . . 1 ,8 5 7 ,3 0 2 2 ,5 9 0 ,3 3 4 1 ,0 1 2 ,0 2 5 d e f .3 ,9 6 4 d e f .1 ,9 7 1 3 ,5 5 7 3 ,5 5 7 B ag. V a lle y A 8 t. L ...N o v . d c f.1 8 .4 7 4 d e f .2 3 ,0 1 3 3 9 ,1 2 4 3 9 ,1 2 4 J a n . 1 to N ov. 3 0 . . . . 3 1 ,2 3 2 2 9 ,3 0 5 ( 3 8 ,8 5 3 1 4 1 ,7 4 7 S t. L e a l s A lt. A T . H . - O ut. 1 3 9 ,4 9 7 1 4 8 ,1 3 3 (3 4 3 ,4 8 1 < 3 4 2 ,5 3 7 J a u . 1 t o O c t. 3 1 ........ 9 4 ,6 1 1 7 9 ,2 8 1 ( 1 4 6 ,3 1 1 1 1 4 5 ,9 8 2 J u ly 1 t o O o t. 3 1 ........ 7 ,1 4 0 d e f.7 2 1 1 7 ,1 2 9 1 7 ,2 3 3 B au F r a n . A N o. P n o .N o v . 9 7 ,0 8 4 5 6 ,9 8 6 1 8 9 .0 4 5 1 9 0 ,2 1 4 J a n . 1 t o N o v . 3 0 ----9 8 .6 6 4 6 8 ,8 3 0 8 6 .1 6 5 8 5 ,6 4 5 J u ly 1 to N o r . 3 0 ----3 1 ,1 0 0 4 2 ,2 5 7 ( 5 9 .7 0 0 4 8 ,7 3 5 T ern ). C o a l I. A R R ..N o v . 3 6 4 ,3 2 9 d e f .7 7 .1 0 0 (6 5 7 ,3 0 0 5 4 7 ,0 5 0 JaD. 1 t o N o v . 3 0 . . . . * 2 6 ,0 4 4 * 2 3 ,8 8 3 3 0 ,5 3 1 3 7 ,6 ( 0 T o l e d o A O h io C e n t ..N o r . * 2 2 4 ,3 6 2 * 1 1 2 ,3 8 7 1 6 7 ,1 7 5 1 9 6 ,0 3 9 J u ly l t o N o v . 3 0 . . . . d e f 6 ,2 3 5 d e f.5 5 1 2 0 ,5 2 4 2 0 ,1 0 5 T o le d o P oo. A W e st. N ov . 1 0 ,0 6 3 1 6 ,7 3 6 1 2 2 ,4 4 6 1 1 6 ,6 6 8 J u ly 1 t o D e o . 3 1 2 ,8 0 5 1 ,5 4 1 1 8 ,4 1 2 1 6 ,2 3 0 W e s t J e r s e y A B r9 .N o v . 1 7 7 ,2 4 7 1 5 3 ,6 8 8 2 3 0 ,3 0 2 2 7 0 ,6 2 9 J a n . 1 t o N o v . 3 0 ----* A f t e r a l lo w in g f o r o t h e r i n c o m e r e c e iv e d . t T h o s e c h a r g e s a r e s im p ly f o r t a x e s a n d r e n t a ls o f le a s e d lin e s a n d d o n o t I n c lu d e b o n d in t e r e s t . J C h a r g e s la s t y e a r i n c lu d e d s in k in g f u n d a llo w a n c e . -----1 3 0 .1894. 1895. N O R . P A C IF IC — 1895. 189 4 . $ 9 ,0 1 9 ,8 3 6 $ 1 0 ,4 9 2 ,8 8 4 G r o s s e a r n i n g s ___ $ 2 ,1 9 8 ,0 2 4 $ 1 ,8 5 6 ,7 0 3 5 ,2 0 7 ,3 4 9 5 ,2 1 6 ,4 8 7 O p e r a t ’ g e x p e n s e s . J ti 1 9 ,4 3 1 1 ,0 7 3 ,6 8 3 July November.-- Miscellan. income. S u r p l u s .................. to Nov. $ 1 ,1 7 8 ,5 9 3 2 0 ,0 0 2 $ 7 6 3 ,0 2 0 9 5 ,7 2 8 $ 5 ,2 7 6 ,4 4 7 1 4 8 ,3 8 6 $ 3 ,8 1 2 ,4 8 7 266,7*, 0 $ 1 ,1 9 9 ,1 9 5 6 6 3 ,6 7 8 $ o 7 8 ,7 4 8 5 5 6 ,9 4 4 $ 5 ,4 2 4 ,8 3 3 3 ,1 8 4 ,4 5 0 $ 4 ,0 7 P ,2 z 7 3 ,0 2 1 ,1 0 7 $ 5 3 5 ,5 1 7 3 4 0 ,7 5 9 $ 3 2 1 ,8 (4 4 3 4 ,0 1 7 $ 2 ,2 4 0 ,3 8 3 1 ,8 2 5 ,6 4 5 $ 1 ,0 5 8 ,1 2 0 1 ,9 5 0 ,6 4 3 $ 1 1 4 ,7 3 8 d f .$ S 9 2 ,5 2 3 $ 1 9 4 ,7 5 8 d f .$ 1 1 2 ,2 1 3 * I n c l u d i n g r e n t a ls a n d t a x e s . STREET R U L W A Y S AND TRACTION COMPANIES. The following table shows the gross earnings for the latest period of all street railways from which we are able to obtaiD weekly or monthly returns. The arrangement of the table ie the same as that for the steam roads—that is, the first twe columns c f figures give the gross earnings for the latest week or month, and the last two columns the earnings for the calendar year from January 1 to and including such latest week or month. STREET R A IL W A Y S G ro ss [E a r n in g s . AND Latest Gross Earnings. 1 8 9 5 -6 . 1 8 9 4 -5 $ 9 5 ,6 7 3 1 ,5 0 1 1 2 ,5 5 3 4 ,7 8 8 2 0 ,3 7 9 8 2 ,8 5 1 7 ,9 3 " 8 5 ,6 7 2 1 4 7 ,0 3 5 1 5 ,8 5 0 1 7 ,0 9 4 7 3 ,6 3 9 5 0 ,3 0 1 ,7 0 9 5 3 ,3 9 1 1 3 5 ,0 6 3 3 ,1 2 1 1 1 ,1 3 0 2 2 ,8 6 ‘z 2 4 5 ,5 3 t 5 4 .5 5 8 7 ,6 1 0 1 9 ,3 0 7 2 4 7 ,0 2 4 1 2 ,5 3 4 1 ,4 8 3 1 5 ,8 4 8 C O M P A N IE S . Jan. 1 to Latest Date, 1 8 9 5 -6 . $ $ 8 5 ,6 6 3 1 ,1 7 5 ,7 3 6 1 ,4 6 2 2 0 ,1 7 7 9 7 ,0 7 5 1 2 ,5 9 7 4 ,1 5 2 9 ,7 9 1 2 5 2 ,3 5 4 1 8 ,0 9 2 4 5 2 ,6 8 6 ............... 1 6 9 4 -5 . $ 9 9 2 ,9 9 1 1 8 ,5 2 7 9 0 ,7 4 1 8 ,4 5 0 2 0 7 ,3 7 8 4 2 9 ,5 2 9 8 9 ,3 1 2 7 0 6 ,2 6 8 8 1 3 .9 9 8 6 ,1 5 4 1 3 5 ,6 4 8 1 1 3 ,7 7 6 9 3 8 ,7 1 7 1 ,0 4 0 ,3 4 6 9 7 ,7 2 0 1 2 7 ,7 6 6 1 ,5 4 7 ,1 9 4 1 ,3 9 7 ,2 3 8 1 4 ,8 0 7 1 6 ,6 2 7 ............. .............. 4 2 ,6 0 9 5 7 0 .9 3 5 1 5 ,6 4 8 4 5 3 ,9 1 1 4 9 ,0 7 5 1 4 8 ,8 1 2 6*91,197 6 0 7 ,5 7 7 2,34< 4 4 ,2 7 1 2 7 ,0 0 0 1 1 ,7 3 0 1 1 ,0 3 0 1 1 ,0 3 0 19 902 3 8 0 ,9 3 1 3 1 4 ,3 1 5 2 0 1 ,8 8 5 1 ,8 6 9 ,6 3 5 1 ,5 6 6 ,4 2 0 5 7 ,9 2 2 6 5 8 ,8 4 5 6 6 5 ,2 7 2 3 ,7 9 5 1 9 ,3 7 8 1 9 5 .1 3 6 1 6 0 ,4 4 3 1 6 3 ,2 8 2 1 0 ,7 5 1 1 5 0 ,1 1 9 1 ,0 2 4 1 6 ,2 7 3 2 0 0 ,4 8 7 181,92-3 (NCCiOX oor-tn«r-« O H H « ifiC i CO B a lt im o r e T r a c t i o n ... D e c e m b e r . B a t h St. R y . (N. Y . ) . . N o v e m b e r . B in g h a m t o n 8 t. R y . . . S e p t e m b ’ r B r i d g e p o r t T r a c t io n . 2 d w k J a n . B r o c k t o n C o n . St. R y . N o v e m b e r . B r ’ k ly n Q u e e n s A Sub S e p t e m b ’ r. B r o o k ly n T r a c t io n — A t l a n t i c A v e ........... O c t o b e r . . . B r o o k l y n B . A W . E. O c t o b e r . .. N ovem ber. T o t a l ...................... B u ffa lo R y ...................... N o v e m b e r . C e n t r a l T r a c J P it t s b .) D e c e m b e r . C h e s te r T r a c t i o n ____ O c t o b e r . . . C h ic . A S o. S id e R .T .. D e c e m b e r . C in . N e w p o r t A C o v .. N o v e m b e r . C it y E le o . (R o tn e .G a .) D e c e m b e r . C it iz e n s ’ T r a o .,P it t s b . J u l y ............ C le v e la n d E l e c t r i c . . . J u n e .......... C o lu m b u s R R . < U a .).. D e c e m b e r , C o lu m b u s St. R y . (O ., l e t w k J a n C o n e y I s la n d A B ’ lyn . D e c e m b e r . C o n s o l T ru e . (N . J . ) .. S e p t e m b ’ r. D en v er C on . T ra m w . N ovem ber. D e r b y S tr e e t R y .......... S e p t e m b ’ r. N ovem b er. D u lu t h S t. R y ............ E l e c t r i c T r a c .r P h i l a . S e p t e m b ’ r. E r ie E le c . M o t o r C o . . D e c e m b e r . lu s h in g A C o lle g e P t N o v e m b e r . G a lv e s t o n C ity R y . . N o v e m b e r . H e s t o n v ille M . A F .— A rch S t r e e t ................ N o v e m b e r . R a t e S t r e e t ............... N o v e m b e r . T o t a l .......................... N o v e m b e r . I l o o s i c k R y .................... D e c e m b e r . H o u s t o n C it y S t. R y . . D e c e m b e r . I n t e r s t a t e C o n s o l, ol N o r t h A t t l e b o r o . . . (N o v e m b e r . L a k e S t. K ie v . (O h io.) ID e c e m b e r . L e h ig li T r a c t i o n ........ . D e c e m b e r . L o c k H a v e n T r a c t io n N o v e m b e r . L o r a in S t. R y ................ N o v e m b e r L o u is v ille R y ............... S e p t e m b ’ r. L o w e ll L a w . A B a v . . N o v e m b e r . L y n n A B o s t o n .......... 1st w k J a n M e t r o p . (K a n s a s C it y i 1st w k J a n M e t r o p o l i t a n (N . Y . ) . S e p t e m b ’ r. M c t io p .t W a s li., D . U.) l2 d a y e S e p M o n t g o m e r y St. R y . D e c e m b e r . M o n t r e a l S tr e e t R y .. . D e c e m b e r . N ew b u r g E l e c t r i c . . . N o v e m b e r . k T R A C T IO N 1 8 ,3 0 2 2 ,0 8 4 2 0 ,7 8 6 1 7 ,7 7 6 1 8 ,4 8 9 .............. .............. 45 i , 6 99 1 0 ,9 8 c 2 7 2 ,2 3 0 I 8 ,9 0 4 | 5 5 ,0 2 3 4 5 ,7 3 9 1 0 ,5 4 6 10,061 1 1 9 ,5 8 8 (,3 0 1 6 ,0 3 2 7 4 ,4 6 b (1 5 8 7 2 4 1 0 5 ,0 2 5 9 6 6 ,6 9 8 2 9 , 1 0 - 2 1 ,8 9 7 3 9 2 ,6 3 8 1 9 ,2 9 ) 1 8,47< 1 9 ,2 9 , 1 9 ,6 6 0 2 7 ,1 2 6 29.6 61 5 7 ) , U S 483,701 4 ,3 8 1 ,5 8 7 7 ,4 4 0 4 ,1 7 0 4 ,3 8 3 3 ,6 2 3 5 0 ,6 1 5 9 4 ,8 0 0 7 5 ,8 4 5 5 ,8 1 * 3 ,5 9 1 ............... 9 7 ,2 0 2 ........ 8 7 5 ,6 0 4 2 5 9 ,9 1 0 1 8 ,4 7 0 2 7 ,1 2 6 ,3 5 ,2 1 6 G ross E a r n in g s . fVoL. LX1I. Latest Earnings Reported. Jan. 1 to Latest Date Week or Mo 1 8 9 5 -6 . 1 1 8 9 1 -5 . 1 8 9 ;-6 . 1 8 9 4 -5 , $ Newr E n g l a n d S t.— W in c h e s t e r A v e — P ly r a ’ th A K in g s t o n T o t a l ................ ......... N ow H a v e n A C e n tre v N e w H a v e n S t. R y . .. N ew L o n d o n S t R y .. N e w O r le a n s T r a c t io n N. Y . A H a r l e m ............ N o r t h a m p t o n S t. R y . (M a s s .) ........................... O g d e n a b u r g S t. R y . P a t e r s o n R y .................. P e o p l e ’ s T r a o . (P liila .) P o rts m o u th S t R y . . . P o ’ k e e p s ie A W a p p .F . R e a d in g T r a c t i o n ........ R o a n o k e S t r e e t ............ R o c h e s t e r R y ............... 8 c h u y l k i l l T r a c t i o n ... S c h u y lk ill V a l. T r a o .8 o ra n to n T r a c tio n — S e c o n d A v e . ( P it t s b .) S io u x C ity T r a c t i o n S t e in w a y R y . ................ S tr e a to r R a ilw a y . . . S y r a c u s e C o n s o l. . . . S y r a c u s e E ’s t -S id e R y S y r a c u s e S t. R R .......... T e r r e H a u t e E i’ c . R y T h ir d A v e . (N . Y .) . . T o r o n t o R y .................... T w in C it y R a p . T r a n . U n io n (N . B e d f o r d ) ... U n io n R y . ( S a g in a w ). U n io n R y . (S a r a t o g a ) U n ite d T a t. ( P i o v - ) U tic a B e lt L in e ............ W a k e fie ld A s t o t ie — W a t e r b u r y T r a c t i o n .. W est fin d ( B o s t o n ). . . W e s t S h o r e ( C o n n .) ... W ilk e s b . A W y . V a lle y W ilm in g t o n S t r e e t . . . W o r c e s t e r C o n s o l........ D ecem b er. 1 5 ,4 0 6 D ecem b er. 2,082 D e c e m b e r . 1 7 ,4 8 8 D ecem b er. 4 ,9 0 9 S e p t e m b ’ r. 1 9 ,5 9 2 N ovem b er. 2 ,7 1 8 D e c e m b e r . 1 2 0 ,4 8 6 S e p t e m b ’ r. $ S 2 3 2 ,2 1 4 1 4 ,8 6 * 1 ,8 7 4 2 9 ,8 1 5 1 6 ,7 3 8 2 6 2 ,0 2 9 2 ,7 4 2 1 4 ,2 5 7 150*049 2 .8 9 4 9 9 ,3 8 8 L,3 4 8 * 1 7 6 7 5 2 ,5 5 9 $ 2 0 7 ,3 3 9 2 9 ,8 5 1 2 3 7 ,1 9 0 *92,4*70 973*890 8 0 4 ,7 0 0 A u gu st— D ecem b er. D ecem b er. S e p t e m b ’ r. D ecem b er. S e p t e m b ’ r. N ovem ber. N ovem ber. D ecem b er. S e p t e m b ’ r. D ecem b er. D ecem b er. D ecem b er. N ovem ber. N ovem b er. N ovem ber. O c t o b e r . .. O c t o b e r . .. O c to b e r. .. O o t o b e r . .. N ovem ber. N ovem ber. N ovem b er. D ecem b er. D ecem ber. J u n e .......... N ovem b er. S e p t e m b ’ r. D ecem b er. N ovem b er. O cto b e r. .. O c t o b e r . .. D ecem ber. S e p t e m b ’ r. D ecem ber. 1 0 ,3 1 5 6 ,3 2 4 5 8 ,2 0 5 1 .4 1 5 2 5 .4 8 5 *20*253 298*318 243,881 1 9 4 ,1 0 3 1 3 7 ,33 1 1 ,5 3 3 ,5 8 8 8 8 5 ,8 4 7 2 ,5 9 5 3 6 ,7 5 2 12,002 7 3 ,1 5 5 1 3 ,1 4 6 1 1 ,1 9 2 1 7 2 ,0 0 2 1 5 0 ,4 5 4 2 ,8 8 5 2,6 6 1 7 2 ,9 3 4 6 5 ,4 3 ? 866*108 7 4 6 ,0 6 8 9 ,5 3 6 8 ,1 0 7 4 ,1 2 0 3 ,1 6 5 4 9 ,9 3 4 *39*782 2 9 ,1 8 0 2 2 ,6 6 4 2 9 6 ,3 2 2 2 5 3 ,6 8 0 3 7 ,5 5 5 6 ,8 2 9 * *6*8*44 2 4 ,5 0 3 1 4 ,9 1 9 1 ,1 6 2 1 , 12 9 1 3 ,2 5 8 1 7 ,3 9 8 2 ,9 7 8 1 9.9 ,3 96 2 1 ,7 6 7 1 1 ,8 7 4 1 2 9 ,5 0 7 8 ,6 8 1 1 2 0 ,7 7 4 8 8 ,2 2 6 1 1 ,9 9 8 1 9 4 ,0 8 7 2 0 2 ,7 6 5 8 7 8 ,9 9 3 7 8 ,4 4 8 7 4 ,6 1 6 9 0 4 ,6 1 3 1 6 2 ,6 6 6 1 6 1 ,2 5 9 1 ,7 9 6 ,3 5 2 1 ,8 1 3 ,3 1 0 1 6 ,0 0 8 1 3 ,3 8 1 1 9 6 ,1 2 7 1 6 8 ,6 3 7 9 ,8 2 7 1 2 7 ,6 1 1 ,5 7 5 2,147 1 3 3 ,t 2 8 1 1 8 ,6 5 2 1 4 ,8 2 2 1 2 0 ,7 2 4 l i i ’ 716 3 ,7 6 9 2 ,6 1 8 3 7 ,8 9 0 5 5 ,5 2 7 2 1 ,8 8 6 1 5 ,9 3 9 2 2 4 ,9 4 1 6 3 5 ,0 0 0 6 4 5 ,0 0 0 6 ,4 5 6 .0 0 0 5, ,7 4 1 ,0 0 0 344 336 4 3 ,0 9 9 448,788 3 ,0 9 2 * * 2 ,9 0 0 3 9 ,0 5 4 3 1 ,7 1 2 4 4 1 ,6 0 3 3 6 7 ,2 2 6 t E a r n in g s i n c r e a s e d l a r g e l y o n L o u is v ille . a cco u n t o f G . A . R . en ca m p m e n t in Street R ailw ay Net Earnings.—Iu the follow ing we show both the gross and the net earuiugs to latest dates of all S t r e e t railways from which we have been able to procure m oataly returns. As in the case of the steam roads, the returns o f the different roads are published by us each week as so in as re ceived, and once a month (on the third or the fourth Satur day of the month) we bring all the roads reporting together, as is done to-day. ■------ Gross Earnings.------ . , ------- Net Earnings .— —. 1895. 1894. $ $ 1 ,4 6 2 B a t h S tr e e t R y ............ N o v . 1 ,5 0 1 1 8 ,5 2 7 Jau . 1 to N ov. 3 0 . ... 2 0 ,1 7 7 1 2 ,5 9 7 B in g h a m t o n St. B y . S e p t . 1 2 ,5 5 3 9 0 ,7 4 1 J a u . 1 to S e p t. 3 0 ___ 9 7 ,0 7 5 2 0 ,0 4 1 B r id g e p o r t T r a c t ’ n ., D e c. 2 4 ,5 7 7 1 4 4 ,4 4 7 J a n . 1 to D e c . 3 1 . . . 3 0 3 ,4 1 6 1 8 ,0 9 2 B r o c k t o n C o n .S t. R y .N o v . 2 0 ,3 7 9 J a n . 1 t o N o v . 3 0 -----2 5 2 ,3 5 4 2 0 7 ,3 7 8 B ’ k l y n Q u e e n s A S u b u r b .— 1 7 2 ,8 4 5 J u l y 1 t o S e p t. 3 0 ___ 1 8 9 ,5 9 0 4 2 9 ,5 2 9 J a n . 1 t o S e p t. 3 0 ___ 4 5 2 ,6 8 5 9 7 ,7 2 0 B r o o k ly n T r a c t i o n . . N o v . 8 5 ,6 7 2 J a u . 1 te N o v . 3 0 — 9 3 8 ,7 1 7 1 ,0 4 0 ,3 4 6 1 3 1 ,1 8 5 B u ffa lo R a ilw a y . . . S e p t . 1 4 6 ,7 3 5 J a u . 1 t o S e p t. 3 0 . . . . 1 ,2 5 2 , 5 7 4 1 ,1 3 3 ,1 6 1 J u ly 1 to S ep t. 3 0 . . . . 4 5 9 ,5 8 9 4 1 0 ,9 9 4 C h e s te r (P a .) T r a c t . 8 e p t . 2 3 ,2 2 L 2 1 ,8 9 7 J u ly 1 to S ept. 3 0 . . . . 7 4 ,1 9 7 C h ic . A S o .S id e R ,T .. ..D e o . 7 3 ,6 3 9 C in n . N e w p . A C o v N o v . 5 0 ,3 0 2 4 2 ,6 0 9 Jan . 1 to N ov. 3 0 . ... 5 7 0 ,9 3 5 4 5 3 ,9 1 1 C it y E l e o .( R o m e ,G a .) a D o . 1 ,7 0 9 A p r . 1 t o D . c. 3 1 ____ 1 5 ,6 4 8 C it y A S u b .R y . (B a lt.) A u g . 1 0 2 ,5 5 9 C le v e la n d E l e c t r i c . . J u n e 1 3 5 ,0 6 3 1 4 3 ,8 1 2 J a n . 1 to J u n e 3 0 . . . 6 9 1 ,1 9 7 6 0 7 .0 7 7 C o lu m b u s R R . (G a .) - D e c . 3 ,1 2 1 2 ,3 1 0 J an . 1 to D eo. 31 . . . 4 4 ,2 7 1 C o lu m b U 8 (0 .) S t. R y . D eo. 5 5 ,4 0 8 5 0 ,0 8 4 J a u . 1 to D eo. 3 1 . . . . 6 2 9 ,9 9 4 5 6 6 ,8 1 0 D e n v e r C o n . T r a m w ..N o v . 5 4 ,5 5 8 5 7 .9 2 2 Jau . 1 to N ov. 3 0 . ... 6 5 3 ,8 4 5 0 6 5 ,2 7 2 D e r b y S t r e e t R y ___ S e p t . 7 ,6 1 0 3 ,7 9 5 D u lu t h S t r e e t R y ___ O c t. 1 9 ,1 5 2 2 0 ,0 3 2 J a n . 1 to O c t. 3 1 ____ 1 7 5 ,8 2 9 1 7 1 ,0 6 5 J u l y 1 t o 0 6 k 3 1 ____ 7 6 ,5 9 5 7 7 ,8 5 4 G a lv e s t o n C it y K R .a .N o v . 1 5 ,8 4 8 1 6 ,2 7 3 J a n . 1 t o N o v . 3 0 ___ 2 0 0 ,4 8 7 1 8 1 ,9 2 3 H o u s t o n C it y S t. R y .D e o . 1 7 ,7 7 6 1 8 ,4 8 9 I n t e r - S t a t e C o n s o l. S t r e e t R y . (N o . A t t l e b K . N o v . 8 ,9 0 4 L a k e s id e R y . ( M a h a n o y .P a .) J a n . 1 t o J u n e 3 0 ___ 1 0 ,5 0 0 L a k e S t. E l e v .( C h i c . ) D e c . 5 5 ,0 2 3 4 5 ,7 3 9 O c t. 1 t o D e o . 3 1 ............. 1 5 6 .7 8 7 1 3 1 ,8 9 8 L e h ig h T r a o t i o n . . a - D e o . 1 0 ,5 4 6 1 0 ,0 6 7 J an . 1 to D eo. 31 . . . 1 1 9 ,^ 8 3 9 7 ,2 0 2 J u ly 1 to D eo. 3 1 .... 6 5 ,5 8 4 6 5 ,3 6 0 L o r a in S tr e e t R y ............ N o y . 6 ,0 3 2 J a n . 1 t o N o v . 3 0 ____ 7 4 ,4 6 8 L o u i s v i l l e R a il w a y .. 8 e p t . t l 5 Q,7 2 4 1 0 5 ,0 2 5 J a n . 1 to S ep t. 3 0 . . . 9 6 6 ,6 9 8 8 7 5 ,6 0 1 L o w e ll L a w r’ c e A H .N o v . 2 9 ,2 0 7 2 1 ,8 9 7 J a n . 1 t o N o v . 3 0 ___ 3 9 2 ,6 3 8 2 5 9 ,9 1 0 L y n n A B o s t o n ................ O o t. 1 0 6 ,8 3 1 1 0 2 ,7 2 7 J a n . 1 t o O c t. 3 1 . . . . 1 ,2 0 1 ,6 7 9 1 ,0 8 6 ,1 7 4 Roads. 1895. % 1894. $ 449 0 ,9 3 5 6 ,8 3 7 4 1 ,3 2 6 1 2 ,0 0 7 1 4 7 ,1 7 6 4 ,0 6 5 9 3 ,9 9 2 275 4 ,2 2 4 6 ,5 9 2 3 9 ,5 3 8 8 ,2 5 3 8 1 ,2 4 2 1 5 7 ,1 1 9 3 2 ,2 2 0 1 8 6 ,4 4 6 7 6 ,3 7 7 6 0 9 ,5 9 9 2 3 6 ,0 1 2 1 5 ,1 4 4 4 6 ,1 1 0 3 1 ,8 0 6 1 6 ,3 1 5 1 8 9 ,3 3 3 542 4 ,9 1 4 4 6 ,6 2 2 5 8 ,1 9 3 2 3 3 ,7 7 3 1 ,2 0 2 6 3 ,6 0 4 1 0 4 ,9 7 3 4 2 ,6 6 9 4 0 7 ,8 0 9 6 0 ,2 4 3 4 9 3 ,2 9 3 1 9 1 ,6 7 7 2 8 ,1 3 8 3 1 8 ,4 0 0 2 0 ,7 8 4 2 5 2 ,5 1 9 4 ,3 5 0 2 5 ,3 7 1 2 9 7 ,4 4 9 2 3 ,5 5 3 2 5 5 ,9 1 3 743 1 1 .7 3 3 7 7 ,2 5 7 4 3 ,7 7 2 5 ,4 5 8 6 1 ,5 8 4 1 1 ,1 6 1 9 8 ,1 7 7 4 5 ,4 3 3 3 ,8 4 6 7 1 ,3 7 4 6 ,7 7 6 7 ,9 3 5 7 3 ,5 5 6 1 3 ,6 5 3 1 1 9 ,6 3 5 4 7 ,3 5 7 2 0 0 .3 2 3 8 ,5 5 1 1 ,5 6 1 3 ,7 4 3 2 5 ,0 3 5 6 6 ,6 2 7 5 ,4 6 1 4 8 ,7 0 0 3 1 ,6 9 4 1 ,2 0 3 3 3 ,7 3 5 (9 2 ,1 1 6 4 6 3 ,5 0 0 9 ,4 4 2 1 4 2 ,9 4 9 3 9 ,2 8 6 5 4 5 ,6 4 7 ............... 4 ,1 7 3 4 6 ,5 9 7 3 2 ,4 4 0 4 8 ,5 8 8 4 0 3 ,8 5 3 5 ,5 6 7 6 9 ,1 7 4 3 6 ,7 1 9 4 5 1 ,5 0 7 J anuary THE 1 « , 1 8 9 6 .] R o a d s. CHRONICLE. .----- G r o ss E a r n i n g s . — a ----- N et E a r n i n g * . ----- . 1 89 5 . 1 894. 1»9 5. 189*1. S $ * $ M a rk e t 8 tre e t B y .— J an . 1 to J a n e 3 0 . . . 1 .4 3 3 .5 3 3 1 ,5 1 9 .5 8 9 M etrop olita n Street R y .,K C.— 1 40 ,89 0 134 ,54 8 9 43 ,13 1 9 1 9 .9 9 1 J u n e 1 to N ov. 3 0 ----3 ,6 2 3 4 ,3 8 3 M on tg o m e ry S t K y .D e c . 5 0 .6 4 5 3 5 ,2 1 6 J au . 1 to Dec. 3 1 . . . . 2 7 .2 23 2 7 ,8 8 7 N ash Hie Street B y M ay 3 0 1 ,4 7 0 3 1 1 .8 9 6 M ay l to A p r 3 0 — 3 ,5 9 4 5 .8 1 8 H ew b iirgh E ^ c . R y .N o v . 3 6 ,3 3 3 5 2 .7 3 7 J u ly 1 to N ov. 3 0 .. 2 ,8 9 4 l e w L on d on St B y ..N ov . 2 .7 1 8 1 21 ,40 0 93,101 Mew O rleans T ra ct . N ov. 8 74 .50 2 J an 1 to N ov. 30 .. . 1 ,2 2 7 .6 9 0 9 5 1 .5 2 8 D e c . 1 t o N o t . 3 0 ___ 1 ,3 2 7 ,7 5 6 S . Y. A HarL-rn— 1V 7.623 2 0 7 ,7 3 3 J u ly l to S ept. 3 0 — 8 0 4 .7 0 0 7 5 2 ,5 5 9 J a n 1 to S ept. 3 0 ___ 1 0 .3 1 5 6 ,324 N o rth a m p ton St B r.A u g . 53,2 05 .... ... J an 1 to A ag . 3 1 . . . O a k la n d ( C a l » C o n s o l.— 6 2 .3 4 2 J a n . t to J u n e 3 0 . . . . 4 3 6 ,0 2 1 5 1 1 ,3 5 3 5 5 ,4 9 9 4 1 6 .0 1 8 2 ,4 2 6 2 2 .7 3 0 1 2 ,8 3 6 1 2 5 ,5 2 7 1 .8 6 2 2 7 ,3 7 7 458 53.8 41 5 2 6 .1 9 0 5 7 5 ,5 9 8 4 3 .2 6 9 3 6 0 .22 1 1 ,3 8 6 1 3 ,4 9 2 1 2 ,1 6 2 1 0 3 ,9 5 7 4 52 19,1 20 624 3 5 ,0 7 4 3 0 6 ,5 3 5 3 3 1 ,02 0 133 Philadelphia & Reading Railroad. (R ep ort f o r the y ea r en d in g N ov. SO, 1895.) G eneral R e s u lt s —The earnings of the Railroad Company, after deducting all charges [including interest amounting "to $1,788,607 oa the general mortgage], show a surplus for the year of $337,186. The earnings of the Coal & Iron Company show a dedoit after charges o' $1,875,993, m iking a net deficit for the two companies of $1,538,306. The report says : The Coal & Iron Company did not earn its operating ex penses, and it therefore became necessary for the Railroad Company to advance to it the money required to pay so much of its interest as is guaranteed by the Railroad C impany, which is $650,270. The net earnings for the year of the two companies have been sufficient to pay all charges anterior to 5 0 .8 1 7 5 7 ,7 6 1 the general mortgage of the Railroad Company and to leave 2 9 1 ,5 1 0 2 5 6 .1 8 5 a surplus over these prior charges of $249,802. 6 .4 5 1 4 ,0 5 9 Traffic. —The chief gain in revenu >for the year [see table 2 3 .5 5 4 .. .. ... of earnings b.*lo v] is in merchandise traffic, which shows an increase of $918,096 over 1894 and of $183,418 over 1893. This 1 6 .2 4 3 gain was caused by the general renewal of business activities, 3 .0 0 0 6 .8 1 3 the various iron industries especially having been ia a muoh 10,1 87 2 0.2 53 2 5 ,4 8 5 P a te rso n R a ilw a y . D ec. 8 6.3 54 more prosperous condition than for two years pas*. 1 2 5 ,4 1 7 2 4 3 ,88 1 J an . 1 to D ec. 3 1 . — 2 9 3 .3 1 8 Coal traffic shows a gain in revenue of $205,573 over that P o rtsm o u th S treet B y . A 1,200 2 .5 9 5 for the previous year, but a large loss ($1,337,979) as compared 2 0 ,2 2 0 3 6.7 52 J an . 1 to D ec. 3 1 . . . . with the earnings of 1893. The tonnage w is larger th in ever 4 ,7 5 6 P *k'pe.C ity A tv. F *lls 3ep. 12.0 02 before, being 988,795 tons larger than in 1891 and 391,324 tons 2 8 ,7 2 7 7 3 ,1 5 5 ........ Jan . 1 to Sept. JO . . . larger than in 1893, which was hitherto the year of heaviest 3 3.6 95 3 3 ,3 9 0 7 1 .3 8 9 6 3 .8 0 0 R o ch e s te r R a ilw a y .. .O ct. 2 6 1 ,5 2 4 tonnage. The diminution of reve >ue from this source as com 2 0 1 ,3 2 7 6 1 3 ,1 2 2 J « n 1 to O c t 31 . . . 7 1 9 ,7 5 8 pared with 1893 was caused by a deer a3s in the freight rate, S c h u y lk ill T ra ctio n which was forced down by the low price realiz d for coal. 7 ,9 1 3 9 ,8 3 9 2 3 ,9 9 4 2 2 .4 1 0 O o t . 1 to D ec. 3 1 . . . . Passenger traffic resulted in a decrease in eirnings of $173,8,627 2 *,130 22.6 64 15.1 i « S cra n ton T ra ction Deo. 1 41 .93 8 1 0 2 .2 7 7 2 9 9 .3 2 2 2 5 3 .6 8 6 Jan . 1 to Dec. 3 1 ___ 887, which loss arose wholly from th» competition of the sub 56.9 54 1 68 .53 0 1 3 7 .9 1 6 J u ly 1 to D r «. 3 1 . . . . 8 7 ,5 5 7 urban electric railroads. 692 356 6 ,344 6 ,8 2 9 t l o u i C u y T r a c tio n ..N o v . C oal P rod u ction . —The coal business has b en conducted 61.9 91 2 0 2 ,7 6 5 194 .09 7 T h ird A r e .K B (N .V p S o v , 6 5 .0 7 3 with care and energv. the total proiuctim fr> m Reading’s 7 4 .6 1 6 3 6 .8 4 7 lands having been 8,633,214 tons, an increase of ,553.751 tons 4 0 ,5 5 7 7 8 ,4 4 8 T o r o n to S treet B v .. N or. 3 9 7 ,4 0 5 J an . 1 t o N ov. 3 0 . . . . 8 7 8 ,9 9 3 4 5 4 ,0 5 4 9 0 1 ,6 1 3 over that of 1891, in which year the tonnage exceeded that of 89.1 66 1 62,666 1 61 ,25 9 9 1 ,3 1 7 T w in C ity B ap ld Tr. N ov. The 0 9 7 ,2 5 8 any previous year, and of 575,171 tons over 1394 J a n . 1 to N ov. 3 0 . . . 1 7 9 6 .3 5 2 4 3 1 3 .3 L 0 1 ,0 2 3,17 9 coal cost 41 *414 10 per ton delivered in cars, or, after allowing 4 ,0 0 3 9 .8 2 7 U nion 3t.R y.<9.»g‘ w )D e c.. . . . . . . . $581.450fur permanent colliery improvements, it cost in cars 127 ,81 7 5 8 .6 6 0 Jan 1 to Dt-e. 31 . . . tl-33 9-10 per to i, which is less than in any year sicca 2 1 .3 8 6 W a t e r b u r . T r ir llo n N ov. 15.9 39 10,2 53 J an 1 to N o r. 3 0 . . . 9 4 .7 4 8 •.874. 224,941 4 3 .0 9 9 2 3,8 43 Im provem ents on C ollieries.— The annual expenditures nec W ilk e .h * W y V a l.-D e c . J an . 1 to D ec. 31 . . . 2 3 1 ,5 4 3 .. .. ... 4 48,78* essary to increase the ou put of Reading’s o >al euate, which 3 ,0 9 2 2 .9 0 0 1 .323 873 were very heavy when the work was undertaken after the re W ilm in g ton » L Hy. S ept. 7 ,1 8 6 organization of 1886 (the average of the two years 1889 and 10,9 65 3 9 ,0 5 4 3 1 ,7 1 2 Worpent’ r C on.St Rjr.Dec. 4 4 1 .6 0 3 116 ,03 4 1830 having been $1,065,346) have fallen so that for the last J a n . 1 to D ee. 3 1 ___ 3 6 7 ,2 2 6 1 3 8 ,22 7 two years, 1894 and 1895, the average was $581,537. Fjr the a Net ea rn in g * here g iv e n are a fte r d ed u ctin g ta x e s, last three years the money so expended ha* been almost b Net ea rn in g * here g iv e n a re b e fo re d e d u ctin g ta r e * . I E arn in g* fu r S ep tem b er la rgely lu erea a ed b y O . A . K. en ca m p m e n t wholly charged to the cost of mining, lest than 3 p -r cant of in Lon I*r 111e. the total outlty having been capitalized. The present scale of Interest C h i r g e s and S u r p l u s . — T h e f o l l o w i n g S t r e e t expenditure will have to be oontinu-1 for s ime years ; but as the ou'put continues to grow the expenditure for improve r a i l w a y * in a d d i t i o n t o t h e i r g r o * 8 a n d n e t e a r n i n g * g i v e n in ments will be a slowly decreasing cha-ge per toi u oon ths t h e f o r e g o i n g a ls o r e p o r t c h a r g e s f o r i n t e r e s t , Ac , w i t h t h e coal mined. The collieries are in exceptionally good condition and noth s u rp lu s o r d e fic it a b o v e o r b e lo w th o s e ch a r g e s . ing more than the ordinary work for repairs and improvaI n t r r 1t, r e n la U . d e . - . ■Bal. o f ,Vrl N o r n , . — ments is anticipated for the coming year. 1*95. 180*. 1 * 9 .1 . le n t. Sales o f Coal. —The sales for the year aggregated 8,931,350 R o a d s. • • • • tons, an increase of 969,486 tons over those for the previous D e n v e r C on. T ra m w .N ov . 3 .3 3 9 5.815 1 7,4 45 1 7,7 35 J an . 1 to N ov. 3 0 . . . . 1 0 1 ,8 1 7 104 ,04 9 6 0 ,7 0 8 * 0 ,9 6 4 year, which were till now the largest on record, the result til L o u liv llle R y . . . . . . Sept. *40,181 *3 7.0 36 5 1 ,7 3 5 10.952 ing a larre diminution of the stock on hand at the end of the J an . 1 to Sept. 3 0 . . . *341 .49 0 5 9 .9 5 0 year. *343,008 1 3 4 ,00 4 The sales of coal aggregated $23,660,505. Toe business resulted in a loss of $099,809, being 8 1 oents * In clu d es p ro p o rtio n o f 5 p e r ce n t d iv id e n d on 8 1 ,0 0 0 .0 0 0 p r ferred per ton of coal mined, against a pr fi in 1394 of $368,353, or sto ck . 3‘3 oents per ton. This c imparative loss was caused bv the low prices realized for coal, which with the exception of the year 1886 were less than those of any year since 1879. While the business was a losing one for the Coal & Iron Company, this loss was more than made up by the gain to the ANNUAL REPORTS. Railroad Company from the additional tonnage produced, which was carried at freight rates which yielded a profic. R a ilroa d C om pan y's B u siness. —The total business moved, A n n u a l R e p o r t * . — T h e f o l l o w i n g U n n i a i * x t o a ll a n n u a measured by ton-miles, increased 16 3 per cent over that of r e p o r t s o f s t e a m r a i l r o a d s , s t r e e t r a i l w a y s a n d m i s c e l l a n e o u s 1394. The total transpirtation co3t increased 5 4oer cent, c o m p a n i e s w h i c h h a v e b e e n p u b l i s h e d in t h e C h r o n i c l e s i n c e but more than two-thirds of this increase—$316,689—was in t h e la s t e i i t i o n s o f t h e I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p the workshop account, because the growth of the traffic re plem en ts. quired that all the robing equipment should b - put in thor This i n d e x d o e s n o t i n c l u d e r e p o r t s in t o - d a y ’ s C h r o n i c l e . ough repair and so maintained. E q u ipm en t.— During the year 1895 1,000 new thirty-ton coal cars of the most approved’ style were bought, besides 349 H o t * .—Fa 11-fa ce figure* re fe r to V ol. 62. twenty-flve-ton coal cars and 200 freight gondola cars which R a ti .k o .4I) A M i a c b u Co s . Toinmf* 6 1 and 6 2 — Page. V o luR ami el*r o61a da nad M6 2s—o i l . Co sP. a ge- had been in our service for several years, and which were s fid A labam a G reat 9*ratben)............. I lO| M obile A Birm ingham . ..................... 11•>4 to us on favorable terms. The old ooal car* of small oipacity A m erican C otu m Oil ................ 90U,*3l X. r . .Huaqoehanna A W e ste rn ....... **‘i are, however, going out of service so rapidly, many of them A m erican Tjrpa f o u n d e r * ................ 74m X o rth - Kawtem «So. Car. >............ — 1106 At*?b. Top. a <*anta Fe .. K*ei N orthern P a c t f lc _____. . . . . . ........... H2H being over twenty years old, that considerable increases in BaRlm ora 4 O h io .........amt, wre. UB7 Pantile Mali S team ship...................... H « 1our coal equipment must be made in the near future. During BaHlm ora A O hio S.W . t* *4.922. P etersbu rg R R ................................... 1002 Creak .................................. 7V2 PnUinan « P alace Car ....................... 747 the coming year additional freight and passenger cars to a W e . J a n e H r * Un. SRk Yd*.......1010 R ich m on d 4 . w lkb. k P o to m a c........11 5 Canton A 3- a t h a r n ...............1010 R ichm ond A P e te rsb u rg — ............. 1001 moderate extent will also probably be needed. rVfnwfr.ek T t m n * ! ...................... 747, 7*2 Seattle I*ake S hore A Eastern......... 747 P h ysical C on d ition . —Thu efficiency of the roadway has Elrf‘ n J oliet A East+rn .................. 9Z2 B ooth Carolina A <#e*»rsria............ 747 *Tan«TtH» A T e r r e H a a t* ........ . 74* Street Ry. k Ilium . Prop. . . ............ 1011 been fully maintained, Ou our main lines considerable prog Ft. W orth k D a oV a rC ttr.......... .It# T o le d o A O h io C e n tra l...................... 827 ress has been made in replacing with broken stone the blast Garjrffi* t^m them k F lorid * .1112 W*wt Virginia k P ittsbu rg............ Groat Northern .......... Ai6. 922 two W estern M aryland ............................ 8*2 furnace cinder ballast, whiuh has heretofore been largely Indiana Ifcomtor k W aetem .......... lOSi W ee tern X . Y. k P e n n ...... 72fl, 740. 761 used, the new method of malting pig iron producing cinder Iron Steam boat C o .................. 1011 W h eelin g A la k e K r le .,....................1008 which is wholly unfit for our roadbed. K m «a * City Clinton * Mprtmrftetd l» in W ilm in gton A W e ld o n ..................... H i Kanaaa City M em phi« k Bi rmlnah 9TI W UormsIn C e n t r a l .................... . 0O1 F ixed C harges —The holders of the equipment notes agreed Kanaa* City FjLgentt A M emphi* . *** Z an e sv ille k O hio R lr e r .................. 1010 to extend a p r ion of them on favorable terms aid the bal •vine Ialand RR . ............................... H2U s r r tR r r R a i l w a y s . M anhattan E le r a le d .......................... B rooklyn la e r a t e d ........................ SI ance—$1,018,813 67—was paid in cash. The fixed charges of M ichigan Penln. r'ltrO o.............. lo ll fra ctio n .........................1010 the Railroad Company decreased $122,347 33 as compared M lM oort K an*46 A T eza*. .............. 7*1 W e*t End ( B o s t o n ) ... . . ................. fl THE 131 CHRONICLE. with those of 1834 and those of the Coal & Iron Company de creased $117,973-58. N egotiation s R espectin g C oal O u tp u t— The report gives a complete history ot the efforts which have been made in re cent years to establish harmonious relations among the an thracite coal companies and states the reasons why it is thought the Heading should be allowed to produce at least 31 per cent of the output. Am jog other things it is stated : T h e m o s t c a r e f u l e s t im a t e t h a t h a s b e e n p u b lis h e d a c c o r d s t o l t e a d I d k In te re s ts th e c o n t r o l e f o v e r 3 3 p e r c e n t o f a ll th e a n t h r a c it e in l c u n a y lv a n la . A t o n e t im e , in 1 8 6 9 a n d In 1 8 7 1 . K e a d in a m in e d a n d c a r d e d Its fu 1 s h a r e o f th e t o t a p r o d u c t i o n , a n d bo la t e a s th e v e a - H 7 8 i ; ha l n e a r ly 39 p a r o e u t (2 S '9 7 ). S in u s t h a t t im e , w h ile it s p r o d u c t io n h a s g r o w n s t e a d ily . It h a s In c r e a s e d m u c h le s s r a p id ly ill in a n y o f Its c o m p e t it o r s , p a r t ly lieoa u n e o f th e c o m p a n y 's p o v e r t y a n d p a r t ly h e ou u ao o f it s c o n s e r v a t i v e p o l ic y , w h lo h le d it t o De m o r e in t e r e s t e d in n e t t in g r e m u n e r a t iv e p r ic e s ilia n iu i u c r e a e iu g it s o u t p u t . A f t e r th e r e o r g a n iz a t io n o f R e a d in g in 1 9 8 7 , a v ig o r o u s e ffo r t w a s m a d " t o d e v e lo p T t a c o a l p r o p e r t y , th e a v e r a g e a m o u n t a u n n a lly e x p e n d e d f o r t h a t p u r p o s e f r o m i 8 9 9 to 1 8 9 5 in c lu s iv e h a v in g b e e n $ 3 M \ 2 0 3 . A s a r s u it o f th e s e e x p e n d it u r e s t h e la r g e s t m o n t h ly p r o d u c t , w h ic h in 1 8 8 9 W as 6 7 'V > « 3 t o n s , h a d in 1 8 9 4 r e a c h e d 9 ^ 7 ,4 8 1 t o n s , a n in ore& s* o f 39*5 p e r c e n t iu liv e y e a r s . T h is e x p e n d it u r e la r g e ly in c r e a s e d R e a d in g ’ s r e la t iv e a b ilit y as a c o a l p r o d u c e r , a n d its p e r c e n t a g e o f t h e a n t h r a c it e t r a d e g r e w u n til in LH91 it r e a c h e d 2 1 -2 6 P r oeut, tn 1 8 9 2 , L 8 9 i a n d 1 8 9 4 It a g a in d r o p p e d , b e c a u s e o f u n u s u a l c ir c u m s t a n c e s , b e lo w 2 u p e r c e n t. A p r o p o s it io n f o r a d i v i s i o n o f th e a n t h r a c it e t o a t ia g 4 w a s m id e in 1 8 9 4 b a s e d u p o n th e rttate M m e I n s p e c t o r s ’ r e t u r n s o f p r o d u c t i o n , f r o m w h ic h h a d b e n d d u c t e d h e D r o d u c iiv e c a p a c i t y o f e a c h o f th e c o llie r ie s o f th e a n t h r a c it e r e g io n . U n d e r th is p r o p o s it io n th e R e a d in g C o m p a n y w o u ld b e e n t itle d t o 1 6-23 p e r c e n t o f th e t o t a l p r o d u c t io n . T h e p r o p o s it io n w a s r e je c t e d b e c a u s e it w o u ld o p e r a t e u n f a ir ly to R e a d in g s in t e r e s ts . R e a d in g 's c o llie r ie s a r e w h o lly in th e S c h u y lk ill r e g io n , a u d th e r fo h u y lk lllo o il c o m e s o u t o f t h e m in e s m ix e d w it h s o m u c h d ir t , e la te , r o o k , e t c ., t h a t it is v e r y m u c h m o r e d iffic u lt to p r e p a r e th a n W y o m in g c o a l, a n d t h e r e f o r e t h e R e d in g C o m p a n y ’ s o r e ik e r s h a v e to ru n m o r e h o u r s e a c h d a y t o p r e p a r e th e p r o d u c t o f th e m in e s th a n d o t h o s e o f th e W y o m in g r e g io n in p r e p a r in g a c o r r e s p o n d i n g p r o d u c t . A s t h e d a y s r e p o r t e d to th e M in e I n s p e c t o r s a r e b r e a k e r d a y s , it is e v id e n t t h a t th is m e th o d o f r e c k o n i n g p r o d u c t iv e c a p a c i t y gi\ ea an u n fa ir a d v a n t a g e t o th e W y o m in g c o llie r ie s . T h e R e a d in g C o m p a n y s u . g e s t e d t h a t t h e f a ir e s t p o s s ib le d i v i s i o n w o u ld b e on*® w h ic h .-lion ld b e b a s e d u p o n w h a t a c t u a l e x p e r ie n c e h a d s h o w n t h a t e a c h c o m p a n y c o u ld d o u n d e r th e m o s t f a v o r a b l e c o n d i t io n s a n d i t p r o p o s e d , t h e r e fo r e , t h a t f r o m t h e o ffic ia l r e p o r t s o f th e t o n n a g e c a r r ie d in th e y e a r s 1 8 9 1 , 1 8 9 2 , 1 8 9 3 a n d 1 8 9 4 e a c h in t e r e s t s h o u ld s e le c t t h e th r e e m o n t h s in w h ic h i t s t o n n a g e w a s th e la r g e s t a n d t h a t t h - a v e r a g e t o n n a g e o f t h e s e th r e e m o n t h s s h o u ld b e c o n s i d e r e d Its c a p a c it y . T h e a g g r e g a t e o f t h e s e in d iv id u a l c a p a c i t i e s w o u l d r e p r e s e n t th e i r o d u c t i v e c a p a c i t y o f t h « w h o le a n t h r a c it e r e g io n , a n d th e p e r c e n t a g e s o f e a c h in t e r e s t d e n v e d 't h e r e f r o m w o u ld ,in R e a d i n g ’ s o p in io n , f u r n is h t h e f a ir e s t p o s s ib le d i v i s i o n o f th e t o n n a g e . T h e f o l l o w i n g t a b le w a s s u b m it t e d w i t h t h is s t a t e m e n t s h o w i n g h o w th e t w o p la n s s u g g e s t e d w o r k e d o u t i n p r a c t i c e . T h e of th e t a b le is b a s e d u p o n ih e fin d in g s , a f t e r c a i e f u l s t u d y , o f a m a jo r it y o f a c o m m it t e e a p p o in t e d b y th e s a le s a g e n t s o f th e v a r i o u s a n t h r a c it e o o m p a n b 9 to e x a m in e t h e q u e s t io n o f c o l l i e r y o i p a c i t y ; t h e ir r e p o r t , w h ic h w a s m a d e iu A u g u s t , 1 8 9 i , b e in g th e o n l y d e t e r m in a t io n t h a t w a s e v e r m a d e o f th is m u c h d i s c is s e d q u e s t i o n ; a n d is th e r e s u lt o f th e p la n p r o p o s e d b y th e R e a d in g C o m p a n y : first column the second column C O L L IE R Y - C A P A C IT Y (A ) AS FOU N D I S AU GU ST, 1 8 9 4 , B Y A CO M M ITTEE O F BALES AGENTS AN D (B ) AS D ET E R M IN E D B Y T H E R EA D IN G CO. A% 2 0 -9 8 17-U8 1 1 -7 7 1 2 -6 4 9 -6 1 8 -3 0 4 -2 9 3 -9 5 2-86 4*93 359 B% '*6 2i 1 6 -7 2 1 1 -9 7 1 3 -2 2 9 -2 9 9 -7 7 4 -4 4 3 -6 5 2 -9 7 3 -7 9 2 -8 2 10 0 -0 0 10 0*00 T h e R e a d in g C o m p a n y c o n s id e r s t h a t it h a s p r o v e d th e ju s t i c e o f it s c la im to 21 p e r c e n t . A f t e r M a y , 1 8 9 5 , n o f u r t h e r g e n e r a l e ffo r ts w e r e m ad e to re a ch an a g reem en t. The last six mouths of 1895, during which time there was no concert of action whatever, presented a fair test of the relative productive capacity of the several anthracite com panies. No official statements of the production of the an thracite region during this time have been made, because some of the companies have declined to furnish the usual re ports of their business, but enough is known to warrant tbe statement that when the figures shall be published they will show that Reading’s proportion of the total business of the last six months of 1895 considerably exceeds 22 per cent. This detailed statement of the history of the present contest is made to show that the position taken and maintained by Reading during the year 1895, in relation to its proper proportion of the coal business, was the only way iu which it could secure that share of the anthracite trade to which it believed itself to be fairly entitled, and which it must obtain if it is to regain prosperity, or even solvency. . R eorga n iza tion P la n .—The report refers to the reorganiza tion plan, but adduces no facts not already presented to the Chronicle readers. S tatistics ,—The results of tbe operation of tbe Raiload Co. and the Coal & Iron Co. are shown below: K a il k o a d C o . 1 8 9 5 . j S3 1 8 9 1 . 1893. Receipts— $ •3* $ C o a l t r a f f ic ............................................. 9 ,9 5 7 ,8 7 0 M e r c h a n d is e ...................................... 6 ,9 1 0 ,4 6 9 P a s s e n g e r .............................................. 3 ,9 5 9 ,0 7 3 M is c e lla n e o u s ...................................... 375 t o i M a 11 .......................................................... 9 7 ,7 5 9 9 ,7 5 2 .2 9 7 5 .9 9 2 ,3 7 3 4 ,1 3 7 ,9 6 1 3 6 3 ,2 6 3 9 8 ,8 8 1 1 1 ,2 9 5 ,8 4 9 6 ,7 2 2 ,0 5 1 4 ,3 4 9 ,1 3 3 3 7 6 ,6 2 1 8 5 ,1 9 1 T o t a l .....................................................2 1 ,3 0 0 ,5 7 5 w o r k i n g e x p e n s e s ......................... 1 1 ,6 2 8 ,4 1 1 2 0 ,3 4 4 ,7 7 5 1 1 ,2 7 8 ,9 8 9 2 2 ,8 2 8 ,8 4 5 1 3 ,3 6 9 ,4 2 4 Add— N e t e a r n in g s o f Railroad ........... 9 ,6 7 2 ,1 6 4 9 ,0 6 5 ,7 8 6 9 ,4 5 9 ,4 2 1 N e t f r o m c a n a ls , s te a m e o llle r s . c o a l b a r g . s , r e a l e s ta t e a n d I n v e s t m e n t s .................................... 5 8 7 ,0 8 9 N e t e a r n in g s o f .......... lo s s 6 9 9 .8 0 9 5 0 5 ,6 3 3 2 6 8 ,5 5 3 6 0 9 ,0 7 2 1 ,1 0 4 ,1 9 6 9 ,5 5 9 ,4 4 4 9 ,8 3 9 ,9 7 2 (J.<& 1. Oo T o t a l n e t o f both companies.. 1 1 ,1 7 2 ,1 [VOL. LXII. 1895. $ R e n t a l s .................................................... 2 ,8 8 4 ,8 5 2 I n t e r e s t a c c o u n t , R i i l r o i d C o . . 5 ,0 3 8 ,7 7 9 I n t e r e s t a e c o u u t ,C o a l Tron C o. 1 ,1 7 3 ,1 8 2 2 5 2 ,0 2 8 1 3 5 ,6 3 4 ..................... ................ T axes 4 5 3 ,9 8 4 T e r m in a l t r a c k a g e . ............. ........ E q u ip m e n t p a y m e n t s ...... ............ 1 .0 1 3 .8 1 4 1 2 2 ,9 76 I m p r o v e m e n t s .................................. Deduct— & T o t a l d e d u c t i o n s ..................... 1 1 ,0 9 8 ,2 4 9 T o t a l d e f i c i t o f b o t h c o m p ’ s . 1 ,5 3 8 ,8 0 5 1894. $ 2 ,8 8 8 ,3 6 6 5 ,0 7 8 ,7 7 9 1 ,2 9 4 ,1 5 > 1 6 2 ,2 9 9 3 9 4 ,1 9 7 4 6 7 ,9 45 * 1 .2 4 1 ,0 2 8 3 1 6 ,2 1 0 1893$ 2 ,9 0 7 ,0 2 9 5 ,2 7 3 ,3 6 5 1 ,2 9 9 ,9 4 4 2 4 3 ,0 6 4 2 0 0 ,6 8 3 3 5 6 ,7 5 7 1 ,4 6 8 ,3 9 0 2 2 5 ,8 9 6 1 1 ,7 7 2 ,9 7 9 1 ,9 3 3 ,0 0 7 1 1 ,9 7 5 ,0 3 2 8 0 2 ,3 4 3 • O f th is a m o u n t $ 1 9 5 ,8 1 4 w a s r e q u ir e d to r e p l a c e d i s m a n t le 1 e q u i p - UlOUl, The operations of tbe Rtdroad and Co .1 & Iron Co. sepa rately were as follows : 1895. $ G r o s s e a r n in g s o f R R ................ . . . 2 2 , 5 6 6 , 7 3 9 E x p e n s e s o f R R ............................ . . 1 2 , 3 > 7,5 06 1394. $ 2 1 ,4 7 7 ,2 78 1 1 .9 0 5 ,8 6 0 1893. $ 2 4 ,1 5 5 ,8 9 5 1 4 ,0 8 7 .4 0 0 N e t e a r n in g s o f R R ----- - . .. 1 0 , 2 5 9 , 2 5 3 C h a r g e s o f R R ............................. . . 9 ,9 2 2 ,0 6 7 9 ,5 7 1 ,4 1 8 1 0 ,4 7 8 ,8 2 4 1 0 /1 6 3 ,4 9 5 1 0 ,6 7 5 ,1 8 9 D e fic it o f ............... .s u r . 3 3 7 ,1 8 6 G r o s s e a r n in g s o f C. & L C o . . .. 2 1 ,0 8 0 ,7 9 9 G r o s s e x p e n s e s o f C .& I . C o . .. 2 4 ,7 8 0 .6 0 8 9 0 7 ,4 0 6 2 2 ,2 3 0 .8 6 4 1 2 1 ,9 6 8 ,3 1 0 6 0 6 ,6 9 4 2 4 ,5 8 6 ,8 6 8 2 3 ,4 8 2 ,6 7 3 N e t e a r n s , o f C. <fc I . C o . . . .d e f . 6 9 9 ,8 0 9 I n t e r e s t . . . . ....................................... 2 6 8 ,5 5 4 1 ,2 9 4 ,1 5 5 1 ,1 0 4 ,1 9 5 1 ,2 9 9 , 8 4 4 1 ,0 2 5 ,6 0 1 1 ,9 3 3 ,0 0 7 1 9 5 ,6 4 9 8 0 2 ,3 4 2 Railroad Coal <&Iron Co. . . . both companies ........ . . . D e fic it o f D e ficit o f 1 ,8 7 5 ,9 9 1 1 ,5 3 8 ,8 0 5 101 w h ic h $ 6 3 2 ,1 5 1 w a s f o r p e r m a n e n t im p r o v e m e n t s . —V . 6 2 , p . 8 5 . Lehigh Valley Railroad. (R e p o rt f o r y ea r end ing Nov. 30, 1895.) President E. F. Wilbur, in the report, says in part: G eneral R e m its .—The tonnage for the past year has been largely in excess of any previous year in th- history of the com pany. It was larger by 2,237,638 tons than intneyear 1893-94. Although there was an increase in the tonnage of all classes of freight of 455,016,165 tons carried one mile, there has been a decrease in the average freight rate, as compared with 1894, of '08 cent upon our entire tonnage of 2,606,846,310 ton miles, or more than enough to have produced 5 per cent upon our entire capital stock. F in a n cia l .—Of the reserve of $3,000,000 of the consolidated mortgage bonds of the Pennsylvania & New York Canal & Railroad Company, $1,500,000 of bonds bearing interest at the rate of 4)^ per cent have been sold to take up the same amount of 7 per cent bonds maturiag June 1 next. Early in the year the entire floating debt of the company was, through a negotiation with M>ssrs. Brown Brothers & Co., transferred to London and consolidated into four series of notes, maturing in April, May, June and July next. Tnis was accompanied by an option of $6,000,000 of the 5 per cent bonds of theLehighValley Coal Company, belonging to the Rail road Compauy, which option was subsequently exercised and the proceeds of the bonds paid over to us, excepting so much as will be required to take up the notes when due and the in terest on them to their maturity. The balance sheet shows our unadjusted claim against the Philadelphia & Reading Radroad Company to be over $1,500,000. The matter has recently been referred to the Master to take testimony on disputed items, and it is believed that an ad justment of the differences existing between the companies can be reached at an early date. New C a r Trusts, E tc .—To provide in part for the largely in creasing business in general freight, contracts have been en tered into for the construction of 2,000 standard 60,000 pounds capacity box cars, which will be delivered before April 1 next, the necessary funds being provided by a car trust. During the year a contract was made with the Bald win Locomotive Works for 50 locomotives, of which 30 were delivered during the fiscal year, and the remaining 20 have been delivered since its close. Further additions to our equip ment will be required in the coming year. We have equipped all of our oars with the necessary hand holds and grab irons, and are raising draw bars to standard height in order to comply with the act of Congress. This work will be completed by February 15, 1896. Our locomo tives are being equipped with driver and train brakes gradu ally. They will all be so equipped by January 1, 1898, the date fixed by law. E xten sion s an d G u a r a n tie s —The M idd lesex V alley R a ilw a y (about 29 miles iu length) extends from Geneva to Naples iu New York State through a well-settled region, and cannot fail to be a valuable feeder. Under the terms agreed on Dec. 2, 1895, we acquired the entire full-paid capital stock of the road, $500,000 in amount, and $225,000 of its issue of $600,000 5 per cent mortgage bonds, in consideration of the guarantee by the Lehigh Valley Railroad Company of the remaining $375,000 outstanding bonds. The earnings of the road show this to be a charge we can safely assume. The S ou th ern C en tral R a ilroa d extended from near Sayre, Pa., to North Fair Haven, N. Y., on the shore of Lake On tario, 117 miles in length. The Lehigh Valley RR. Co. owned 60 per cent of its consolidated bonds, and in its reorganiza tion as the L ehigh & N ew Y ork R R . Co. in 1895, after fore closure sale, we agreed to guarantee an issue of $2,000,000 first mortgage 4 per cent bonds, the earnings of the road in the past giving reason to believe that the interest on this amount of (bonds could be earned. The Lehigh Valley ac quired about 60 per cent of the preferred stock, being a ma- THE J anuary 18, 1896.] CHRONICLE jority in interest of the entire capital stock of the new cor poration; also a lease in perpetuity on the basis of the pay ment as rental of the net income from operation, after deducting the payment of taxes and interest on bonds, oper ating expenses, cost of maintenance, improvements, & c., such net income, if earned, to be applied to the payment first of non-cumulative dividends on the preferred stock. To open up Northampton County to our coal and miscellan eous traffic, and to give access to the slate trade tributary to our E aston & N orthern R ailroad , a connection is being con structed between that road and our main line at South Eas ton. This connection will be about 4 miles in length, passing through the western part of the city of Easton, and will include an iron bridge about 1,000 feet long across the Lehigh River. The Board has authorized the guarantee of $300,000 of per cent bonds of that company for this purpose. The work of construction has been begun on a line about 10 miles in length [the Depew & Tonaxcanda R R . See V. 61, p. 11071, leaving our main line at D*pew. 9 miles east of Buf falo, and connecting with the New York Central Railroad near Tonawanda, the object being to expedite the movement of our traffic to and from Suspension Bridge and reduce the cost of its transportation. The Rochester Branch has been extended from H meoye Falls, through a rich farming country to Heml ck Lake, a distance of 13*6 miles, and a branch a half mile long con structed to th» village of Hemlock. P hysical C ondition.—The general condition of the prop erty of the company has b*»en restored to its usual high standard. As to particular matters the repirt says: A lth o u g h o u r w h ole th rou g h line Is n e w d o u b le tra ck ed , e a r ly c o n sid eration o f so m e co m p reh en siv e plan to p ro v id e a d d ition a l tra ck f a cilitie s Is d esirab le. It seem s oerta in ih a t w e w ou ld sav e th e in tere st on th eir cost m any tiroes o v e r in th e m ov em en t o f th e sa m e a m ou n t • f ton n a ge an was ca rried d u rin g th* past tw e lv e m on th s. T h e great v olu m e o f ton n a ge m o v e d o v e r the L eh ig h D iv is io n b e tw en M aurh Chunk an d E aston em p h a sizes th e a b solu te n ec e ss ity n o t o n ly fo r a d d ition a l sid in g ro o m , b u t fo r a d d itio n a l m ain tra cks b e tw e e n those p oints. O u r J e rs e y C ity y a rd has n ea rly rea ch ed th e lim it o f its c a p a c ity . T h e early d -v e lo p m e n t o f o u r p ro p e rty a t C on sta b le's H o o k Is there fo re a n e cessity . T h e J e rs e y C ity ya rd should be used fo r N ew Y erk, J e r s e y » lfy and e x p o r t baM neee, re m o v in g th e L o n g Isla n d a n d N ew E ngla n d tr»fllc t o C on sta b le's H *ok. A t J e rs e y C ity T erm in a l tw o uew 11 -at b rid g es h svc been c o n stru c te d , w h ich h a ve m ateria lly a ssisted In the m o v e m e n t o f busin ess t o and fro m o u r N ew Y o rk p iers, th e N ew Y o rk N ew H a ven A H a rtfo rd R a ilro a d and o th e r p o in ts In N ew Y o r k h arbor. D u rin g the p ast y e a r n eg otia tion s h a v e been co m p le te d fo r the acon ireruent o f s u fliei-n t p ro p e rty to e x t e n d o u r term in a l fa cilitie s in th e c ity o f R och ester, an d fo r th e co n s tru c tio n o f a new p a ssen ger sta tio n at th e C on rt s tr e e t b rid g e d ire ctly in th e h ea rt o f that e :ty. O u r b rld g rs. b n lld in gs, w a ter tan ks and sta u d p ip es have receiv e d e x te n s iv e rep a irs, an d a re n ow in v e r y g o o d g e n e ra l co n d itio n . C on n e ctio n ha s been m ad e at P ittsb u rg an d L eh ig h J u n c tlo u , N. Y , w ith ••o e * e e & W torn ia g V aliev R d ir o a d , a n d 'h e p a ss e n g e r tra in s o f t h a t ro*d a re n ow u sing o u r tra ck s b e tw e e n th e p o in t o f c o n u e c llo u and o u r s t it io n a t C aled on ia O u r te le g ra p h lin e n ow a gg rega tes 9 Id m iles o f p o le Hue, w ith 4 3 I I m iles o f c o p p e r w lr* and 2 ,7 9 4*3 m iles o f Iron w ire in n*e fo r o u r tele* g ra p h se rv ice , a od In a d d itio n t o th is w e h a v e 1 1 0 m iles uf w:r** for te le p h o n e s e rv ice and 171 m tlea o f w ire co n n e cte d w ith sig n a ls. Deduct— 135 S ou th ern C ent. R R . p r o p ’ n . L . V a l.T r a n s p o r ’n loss . . . In t. on flo a tin g d e b t. 8 ta te ta x e s, lo ss o n M orris C anal, etc ............... ............. Int. on fu n d e d d e b t & flx e \ ren ta ls o f lea sed lin e s .. . D iv s. en co m . an d p re f. stk. T o t a l............... B a la n ce , surplus 3 3 94 -9 5 . 1 8 9 3 -9 4 . 1 6 9 2 -9 3 5 ,7 0 9 9 2 ,5 6 9 21^748 1 9 4 ,5 6 2 25J5S4 .............. 4 9 1 ,4 1 6 4 2 8 .6 9 3 5 2 2 ,3 7 7 4 ,2 9 4 ,3 9 0 4 ,2 7 3 ,7 4 0 4 ,1 7 9 .8 6 0 1 ,0 1 6 .3 4 2 4 ,8 8 4 ,0 7 4 6 4 2 ,8 4 2 4 ,9 1 8 ,7 4 8 1 2 7 ,0 7 0 5 ,7 4 4 ,2 6 3 5 2 4 ,3 8 7 CONDENSED G EN ERA L BALANCE 8HBET NOVEM BER 3 0, 1 89 5 , 1 8 9 4 AND 1893. 1895. 1994. A ssets* $ $ R a ilr o a d ......................................................1 9 ,3 ^ 4 ,0 3 4 1 8 ,2 4 2 ,0 9 6 C o n s t r u c t io n w o r k in p r o g r e s s ___ 18,133 2 9 ,3 7 0 E q u i p m e n t . .......................................... .. . 2 1 , 4 0 4 , 9 2 9 2 1 ,4 7 8 ,4 6 8 3 ,0 0 9 ,2 2 2 R e a l e s t a t e ............................................... 3 ,1 1 2 ,5 5 9 1 ,4 0 0,13 5 M a t e r ia ls o n h a n d ............................... 1 ,2 7 7 .3 1 3 C ash a n d c a s h a s s e t s . .............. 3 ,8 7 4 ,8 0 4 2 .3 1 2 .2 0 3 B r o w n . S h ip le y & C o .............................. 2 ,6 6 1 .5 9 2 D u e b y s t a t io n a g e n t s ........................... 7 4 0 ,3 1 3 5 0 6 ,0 7 5 D u e b y i n d iv id u a ls a n d c o s .......... . 5 4 4 ,2 4 4 8 5 5 ,4 )6 B ills r e c e i v a b l e ........................................... 3 6 1 ,0 6 7 6 1 7 ,0 8 7 8 3 6 ,5 5 7 M o r tg a g e s r e c e i v a b l e ............................. 8 1 5 ,7 3 3 S tock s o f RR. and ca n a l co s . in clu d e d in L ehigh V a lle y system . 1 7,4 2 4 ,2 9 5 1 6 ,0 4 2 ,6 6 6 B on d s o f R R and eanal co s . in clu d e d in L ehigh V a lle y system . 2 ,9 2 7 ,5 0 0 3 ,4 9 3 ,7 4 7 A d v a n ce s to R R and ca n a l cos. in clu d ed in Lehigh V alley syste m . 4 ,4 3 3 ,4 1 1 5 ,1 5 7 ,3 5 5 1 ,1 6 3.19 4 S lo ck s o f allied co a l o o s ................. 1,27.3,979 8 ,1 0 3 .5 0 0 B onds o f Lehigh V a lle y C oal C o .. 1 ,6 7 5 ,0 0 0 2 0 1 ,0 0 0 B ond s o f o th e r co a l co m p a n ie s. 2 0 1 ,0 0 3 2 ,1 3 9,25 1 A d v a n ce s to L ehigh Val C oal C o. 3 ,3 0 7 ,0 3 9 A d v a n ce s to oth . c o n tr o l co a l o o s. 2 7 5 ,5 3 4 3 3 1 ,6 6 9 A d v a n ce s to E. J ersey W ater C o . ............ 84 V .l 04 4 0 1 ,1 1 5 S tock s o f o th e r C o m p a n ie s ............. 8 8 ,1 4 4 B ond s o f o t h e r f o u i p a n i e s ............. 8 9 ,1 4 5 2 0 6 ,3 8 5 A d v a n ce s to o th e r co m p a n ie s. . . . 5 1 0 ,2 2 5 6 4 5 ,1 1 4 <' ir trust certs. Leh. V al. T er. R r . 1,0 >0,0-30 Phila. A R e a d in g R R ., lessees . . . . 3 ,0 6 8 .0 6 7 3 ,2 8 8 .7 2 3 T o t a l ................................................ 8 9 ,7 1 1 ,3 1 7 9 1 ,2 3 7 ,2 3 5 1 89 3 . $ 1 8 ,0 3 4 ,8 6 0 1 8.5 37 2 1 ,3 5 8 ,4 4 9 2 ,3 7 0 .4 4 3 4 ,7 6 4 ,2 7 6 2 ,4 0 7 ,5 8 3 4 9 0 ,3 4 0 7 45,578 9 8 ,8 6 7 2 3 6 ,4 0 4 4 5 .8 6 6 ,4 0 4 3 .4 9 3 ,7 4 7 5 .3 5 3 ,3 3 5 4 ,1 6 3 ,4 9 8 4 0 ,5 0 0 ,0 0 0 2 0 4 ,0 0 0 4 .5 4 9,65 7 3 1 1 ,2 6 9 4 .4 6 6,28 8 4 ,2 8 8 ,4 0 4 8 8 ,1 1 4 7 0 0 ,4 9 3 1,295^71*7 9 0 ,4 3 7 ,3 8 0 L ia b ilities - C a p lu l m o c k ......................................... 4 0 ,4 4 1 ,4 0 0 4 0 .4 1 1 ,1 0 0 4 0 .4 1 1 ,3 4 0 f u n d e d d b> ........................................ 3 4 1 7 3 0 0 0 3 3 ,9 4 9 ,0 0 0 3 3 ,9 3 1 ,0 0 0 3 ,8 7 0 ,0 0 0 Bill* p a y a b le ......................................... 2 ,4 9 8 ,2 5 4 3 .2 0 0 ,0 0 0 S te rlin g b o n d ,d r a w n an d u n p a id . 1,000 4 ,0 0 0 2,000 2 3 .6 1 4 D iv id e n d ,, e t c ., an pald .................. 5,741 5 ,9 4 3 44 123 0 6 ,3 5 3 B o n d In terest d u e an d u n p a id ........ 3 3 .7 7 5 B on d In terest d u e D eo, l a l p r o t . . 8 0 5 ,4 1 0 8 8 9 ,1 4 0 8 9 9 ,1 8 0 3 2 0 ,5 3 1 3 0 4 ,5 0 0 M ort.-aeo on real e etate ........ . . . . 3 4 7 ,5 7 4 2 .3 1 9 ,7 5 9 1 ,6 9 5 ,4 1 6 Lehlitb V a lle y Term inal R y Co . . . 1 .4 3 9 ,8 0 7 2 9 4 ,0 3 9 A u d ited Touch, and p a y '* c h e e k ,. 8 9,9 3 4 7 1 7 ,7 4 5 1 1 9 ,0 0 0 In*nranee fu n d ••Bee Line” .......... 8 9 .0 0 3 8 5 .0 0 0 4 2 7 ,7 4 9 5 3 9 ,1 2 1 U nadju sted t a x a o c o n n t, .. 4 0 9 ,9 7 1 U nadju sted In see a cco u n t* . . . . . . . 1 69 ,62 5 7 8 5 .4 2 2 4 6 5 ,9 7 3 Phila. dt B ea d R R C o., lessee, c o n s tr ic t ion a c e s u u t a ....................... 9 4 9 ,7 4 3 9 1 9 ,7 4 3 E quipm ent. ........................................... 4 5 2 ,0 4 2 7 .2 9 1 .0 5 9 P i oil l and loo* ..................................... 7 ,6 7 2 ,7 1 3 7 .7 3 3 ,1 6 0 T otal. 8 9 .7 1 1 ,3 1 7 9 1 ,2 3 7 ,2 3 5 9 0 ,4 8 7 ,3 8 0 L E H IG H V A L L E Y C O A L CO. The following table shows the tonnage of this company’s O perations, E arnings, Etc. -The operations, earning*, ex- collieries for the past three years : pens* s and charges are shown for three years below : 1 89 5 . 1 89 1 . 1893. o p i &a t i o s s , Mil** op era t o d ........... ............ arc. C o a l .h i p p e d — 1 $94-95. 1 ,9 6 0 1893-04. 1.921 1 892 93. 1 .903 685 302 16.3HO 31 ,o'J6 799 6 *8 356 16.555 3 4 ,4 7 5 792 663 350 16.04 4 3 4 ,5 3 5 l ,7 o 9 1 2.0 45 .3 6 9 456 ,19 4 5 ,8 5 7 ,6 2 a 11,1 03 .1 5 7 3 2 7 ,5 0 7 4 ,e»0 .8 % 5 1 1,4 7 7 .6 3 0 3 4 5 ,8 3 0 4 .9 5 1.78 2 E q u ip m e n t— LOO •IUO'ir*#..................... ....... P a *«en g er eq u ip m en t........... F reig h t ca r* ............................. C oal e a r* .................................... W ork and m H cel. c a r * ......... O p e r a tio n s — A m hracite coa l ca r'd (ton*). B i t coa l A e<A *-car'll (tonal. M issel, freigh t c a r ’ ll (ton*). T otal ca rried (t o n s )........ 1 6.7 7 5 ,2 1 2 1 6.1 2 1 .3 4 9 1 «.3 5 9 .1 8 7 T on* anth. co a l c a r ’d l m 1 .2 9 3 ,6 7 2 .1 1 2 1 ,1 3 0 .1 9 5 .3 3 5 1.1 0 0 .4 5 4 .0 4 3 T on * blr. ro »I A ck. car. 1 m. 2 9 .9 7 3 .4 0 4 16. *462.07 3 2 0 ,7 9 5 .7 7 2 T on * m l*, freigh t* ca r'd I m . 1 .2 8 3 ,2 0 0 ,7 9 4 1 .0 0 4 .7 7 2 ,7 3 7 9 2 7 ,4 8 1 ,3 7 2 T otal Inn* ear. 1 m ile ...2 .6 0 6 .8 4 6 .3 1 0 2 ,1 5 1 .8 3 0 .1 4 5 2 ,0 4 8 .7 3 1 ,1 8 7 A v . rate p. ton p. m. on coa l. 732-lOOOe. 823-lOOCc 640-lOOCc. A v. rate p.t. p m. on ml* fgt. 534-lOOCe. 648 1«»OOc. 5 9 5 -1 0 0 0 c. A v. rate p.t p .m .on to t.to n 'g o 5 9 8 lOOOc. 7 4 t-1 0 3 0 c . 6 6 8 -lW X c . N u m b er p»«a. ca rried ........ 4 ,7 4 8 .0 3 7 6 .0 3 6 .3 0 9 4 ,8 1 2 ,6 5 2 N u m b er pa*«. c a r ’ d 1 m ile .. 1 1 8 ,2 8 2 ,6 3 6 1 3 1 .22 1 .5 5 1 1 0 2 .5 7 9 ,7 8 0 A t . rate p e r pa**, p. m il e ... 1 9 5 8 cen to. 1 '9 9 4 centa. 2 0 5 2 ce o ta . XAKNING9 AND EXPENSE*. 1891 95. 1 893 94. • * coa l ............................. 8 .4 7 0 ,8 5 9 8 .3 9 1.54 2 m h ce l. frH ght . . . . 6 ,8 4 9 .0 6 2 5 ,9 8 2 .9 5 8 pa*«*ngHrN................... 2 ,3 1 6 ,5 4U 2 ,l" 4 .6 -7 e x p ress and m all . . . 2 8 1 ,7 9 6 267 ,59 1 e tb e r Item s.................. 5 8 8 .9 2 6 6 4 0 ,1 9 7 E a r n in g s — F rom From F rom F rom F rom T o t a l................................... E xp en ses— M aintenance o f w a r , A c . . . M aint*nanra o f eq u ip . . . . C ond ucting tra n sp orta tion , O e n e ra l...................... T a x e s .................... T otal _____ N et earning*. . .. T o ta l. ............. 1 8,5 6 4 .4 5 4 1 7.3 3 0 ,5 9 1 1 8 ,6 1 0 ,7 7 7 14,0 28 ,4 5 3 1 .7 0 2 ,9 7 8 2 ,0 2 ■'.327 8 ,8 7 2 .4 * 1 5 8 1 ,0 3 7 136,0>/7 12 7 0 5 ,3 8 0 1 3 .3 2 0 ,8 2 9 1 4,0 2 8 ,4 5 3 4,536,001 4 ,0 0 9 ,7 6 5 INCOME ACCOUNT. 1894 95. 189 3 -9 4. N et e a rn in g * ... R e ce ip t* from Investm ent* and m iscellaneous . . . . . 1892-93. 8 9 ,2 2 5 .0 2 7 6 ,00 it,421 2 .6 0 6 .0 2 5 2 3 0 ,6 1 8 5 3 9 .0 8 5 T o u t. Tone. F rom colllerte* o w n e d and o p e ra te d 2 ,6 1 9 ,9 6 0 2 ,0 6 1 ,1 1 5 b y this c o m p a n y .................. By ten a n te o f thl* c o m p a n y ................. 2 ,8 8 4 .0 9 0 2 ,8 2 2 ,1 3 5 T o t a l...................................................... 5 ,4 8 4 ,0 5 0 4 ,8 3 3 ,2 5 0 Tons. 1 ,7 4 8 ,5 4 5 3 ,1 5 7 ,9 3 2 4 ,9 0 6 ,4 7 7 This shows an increase for the year 1895 of 600,800 tons, to which for the purpose of comp irison with 1891 there should ! be a Ided the tonnage of G B. Markle & Co. omitted from the foregoing statement. Thi* for the year 189-1 was 457,213 tons, making an actual increase for th ? year 1895 of 1,058,013 tons. The average breaker time of all the collieries operated by the Lehigh Vail-y Coal Company was a little over 159 days, an increase of about 18 day* as compvrei with 1894. The capacity of the oollieries operated by the coal company has increased from 18.833 cons in 1394 to an estimated capacity of 17,000 tors per day of ten hours, and the gross capacity of all the collieries tributary to the L°high Valley system is esti mated by Mr. Lathrop as about 47,000 tons per day of ten hours. The anthracite coal sold by the coal company pro duced from mines owned or controlled by it was 2,717,005 tons ; purchased from individual operators, 3,217.912 tons ; total, 5,934,917 tons—an increase over 1894 of 787,377 tons. The hopes of an improved condition in the anthracite coal trade have not yet been realized ; on the contrary the aver age rate reoeived for transportation of coal was 5 65 cents per ton less than in the previous year, 1394. and the coal company realized a loss upon the coal mined by it and that purchased from individual operators of 13 48 cents per ton. The cost of production was somewhat less than for 1894, notwithstanding a charge of atout 6 cents per ton on the entire tonnage for permanent improvements and a heavy loss by tire at Wyoming mines.—V. 61, p. 1155. Florida Central & Peninsular HR. 1 2 ,7 0 5 ,3 6 0 5 ,9 0 5 ,4 1 7 1 892 92. 4 ,5 3 6 ,0 0 1 4 ,0 0 9 ,7 6 5 5 ,9 0 5 ,4 1 7 9 9 0 ,9 1 5 1 ,0 3 6 ,0 5 3 3 6 3 ,2 3 3 5 ,5 2 6 ,9 1 6 5 ,0 4 5 ,8 1 8 6 .2 0 8 .6 5 0 f R eport f o r the year ending June SO, 1895. J In the annual report President H. R Djval says in part: General Rem ilts.— During the first six months of the fiscal year the earniogs had increased in comparison with the first six months of the previous year 43 per cent on an increased mileage of 40 per cent. Oo the 2-hh of D ecember there came a blighting cold, which destroyed a crop of citrus fruit estL j mated at four millions of boxes, worth five or six millions of THE 136 CHRONICLE. dollars, and offering a freight traffic to the Florida lines during the n*xt three months of about $3JO.OOO. This was fol lowed in February by another extreme cold ware, which cut the citrus trees to the ground and destroyed a large crop of early vegetables. The loss in merchandise freight, express and local passenger travel incident to the economy forced upon the people by the disaster, cannot be estimated. Florida has had no such destructive cold since 1835, and with its normal temperature prevailing for the next three or four years, its citrus product will be restored to its former maximum, while each year should show large increases in vegetable traffic. No injury was done to the ordinary farm crops, but the extent of the damage can be best appreciated by the knowledge that the citrus crop equaled one sixth in value the total agricultural productof the State. The extreme cold of February also diverted the usually profitable tourist travel. It is estimated that under normal conditions the earnings of your compiiny over operating expenses would have been not less than $1,000,000 this year. There was operated last year an average of 799‘39 miles, this year, 933'18 miles j the Like Weir branch finished in Deoember (was not operated), 7 57 miles, making a total of 940-75 miles. The phosphate traffic has been dull during the year, but miners and dealers anticipate an improvement next year, de pendent, though, upon a revival of agriculture in the world at large. Great inteiest is being taken in tobacco planti ng, the crop of which this season in Middle Florida w a B one mil lion two hundred thousand pounds. There was none, com mercially speaking, a few years ago. On the' South Bourd Division (135 miles) the gross earnings were $325,588 and net over taxes $25,814 ; from which must be deducted interest on bonds $101,650, leaving a deficit of $75,836. The extra expenditure on tbs division for maintens nee .will contit ue for another year, after which the road will be in condition for maintenance at the average moderate cost. E xten sion s. Im provem ents, E tc. —The absorption of the Florida Southern RR. and the Sanford & St. Petersburg RR. by the Plant System determined the necessity of your com pany’s b u i l d i D g short feeders into productive territory, and this Lake Weir Extension was made first as the one promis ing an immtdiate return of i t s cost. Other proposed exten sions were postponed until the territory considered should become a g a i n prosperous. Permanent improvements have been made to the old lines during the year and charged to construction account, amount ing to $49,492. The new Union Passenger Station of Jackson ville was completed and opened on Feb. 1, 1895. The F lo rid a East Coast R ailw ay (late the Jacksonville St. Augustine & Indian River Railway) is being extended from Lake Worth southward 100 miles to some point on Biscayne Bay, The development along its line is remarkable, and its results will benefit your company now that it has close and equal connection with it. The road and equipment are well maintained and have never been in such good condition as at present. S ta tistics.—T he results for the years 1893-94 and 1894-95 are shown below: EARNINGS AND EXPEN SE8. Earnings— M ile s o p e r a t e d .............................................................. 1 8 9 4 -5 . 941 $ P a s s e n g e r .......................................... ................. 1 8 9 3 -4 . 933 $ 6 3 9 ,1 1 2 1 ,3 7 8 ,9 5 4 1 3 9 ,9 4 9 1 1 4 ,1 3 3 4 8 4 ,5 0 1 1 ,3 8 7 ,9 3 8 1 2 5 ,9 4 6 10 7 ,3 7 2 T o t a l ......................................................... 2 ,2 7 2 ,1 4 8 2 ,1 0 5 ,7 5 7 T n » n p p o r t a t io u a n d m o t iv e p o w e r .. M a in t e n a n c e or c a r s .............................. M a in t e n a n c e o t w a y a u d b u ild in g s G e n e r a l .......................................................... 9 1 9 ,2 9 6 2 0 8 ,8 3 8 4 0 7 ,5 5 0 1 5 4 ,6 3 4 6 5 8 ,2 0 3 1 7 2 .3 3 8 3 6 5 .4 2 0 2 4 7 ,6 2 0 1 ,6 9 0 ,3 1 8 5 8 1 ,8 3 0 7 4 -3 9 1 ,4 4 3 ,5 8 1 6 6 2 ,1 7 6 68*55 Freight, .................................................. **,’ _"’ *** M a i a n d e x p r e s s ........................................ M is c e lla n e o u s ............................................................ *. Expenses— T o t a l ......................................................................... . N e t e a r n it g s .................................................... P e r c e n t , o f o p e r a t in g e x p e n s e s t o e a r n in g s . [ V o l . L X II, Atlantie Sc Danville Railway. ( R e p o rt f o r the y ea r en d in g J u n e SO, 1895.J President B. Newgass refers to the foreclosure sale and reorganiza ion of the property, and then says : G en eral R esu lts. —The operations for the year show an in crease in the revenue of $51,594 and a decrease in the expen diture of $65,582 in comparison with the year ending June 80, 1894. These results have been achieved by the introduc tion of proper economies, conjointly with the adoption of the requisite steps to ensure an increased revenue, special atten tion being given to the development of the local resources. P h ysical C on d ition . —The condition of the track, buildings, etc., is good and compares favorably with that of other roads in the section. The improvements made will considerably reduce the proportion of working expenses. There were put into the track during the year 100,411 cross-ties, the cost of which was defrayed out of earnings. In addition to the 75 standard freight cars purchased in the period covered by this report and six passenger cars since,there are still required about 100 box cars and two to four locomotives of a heavier calibre than those now in use. No new locomotives or freight or passenger cars other than those mentioned have been purchased during the last five years. F in a n cia l. —The company has no floating debt or obligations outstanding other than the first mortgage bonds. On comple tion of the improvements in progress the company will possess the maiD line and branches; entire rolling stock and floating equipment, &c.; terminals at West Norfolk and Danville, and not less than $25 ',000 of its bonds in the treasury. E xten sion s. —During the next year or two it is essential for the real prosperity of the road to extend it beyond its present western terminus. Such an extension was strongly recom mended to the bondholders by several expert engineers. At Danville the road is within a comparatively short distance of the coal fields, which, when tapped, would yield a reliable and annually increasing traffic to the sea ooast and to important points upon the line, practically without coming into compe tition with the neighboring coal-carrying roads. S ta tistics. —Results for four years past have been as follows: Earnings 1 S 9 4 -5 . — P a s s e n g e r ........................................... . 9 1 ,7 5 1 F r e i g h t ................................................. .4 1 3 ,5 8 6 M a i l ...................................................... . 1 6 ,5 3 3 M i s c e l la n e o u s ................................. 1 6 ,5 0 0 S Expenses — T ota l 1 8 9 3 -4 . $ 6 6 2 ,1 7 6 N et e a r n in g s ...... 5 g i,3 3 0 In terest on b o n d T a x e s .......... ............. M is c e lla n e o u s . . . . 4 8 0 .2 9 2 9 7 ,5 2 1 50 4 2 0 ,4 9 8 T o ta l S u r p l u s .. ........................................................................ 5 7 7 ,8 5 3 -....................................................................... 3 ,9 7 7 5 0 5 ,4 6 6 1 5 6 ,7 1 0 7 7 ,0 1 3 7 ,3 5 5 G E N E R A L BALANCE SHEET JUNK 3 0 , 1 8 9 5 . R o a d a n d e q u lp u i’ t . . . $ 1 1 ,0 1 9 .1 1 9 2 4 ,0 0 3 S u p p lie s o n b a u d ........ C ash w it h T r e a s u r e r . 3 7 7 ,1 9 9 A g e n ts and o o n d u o t’rs 1 1 3 .3 0 4 O ilie r R R . C o s ................ 1 5 ,8 9 2 U n ite d S ta t e s A c ........ 1 6 ,5 7 “ N o t e s r e c e i v a b l e .......... 1 8 .7 4 4 S o u th B o u n d R R . s t’ k. 2 0 6 ,6 9 1 E q u ip .a e c t . 8 B 'd R R , 1 0 2 ,3 4 5 B u v a n .e x t . e o n s . a c o t . 1 ,8 6 0 ,9 9 6 S e v a n e x t .r q u l p a c c t . 1 4 5 ,7 2 9 P u r c h a s e T .O & A .R R . 1 1 6 ,0 2 4 M i s c e l la n e o u s ................. 5 0 ,6 6 8 - v . Te°Lr:67iV.......... Liabilities. S e c o n d p r e f. s t o c k ___ $ 1 ,5 0 0 ,0 0 0 C o m m o n s t o c k ___ 20 , 000,000 Bond.** <s o c 8 u i *p i k u ’ t ) 7 ,7 9 5 .0 0 0 U u p a k l i n t e r e s t ............ 2 -4 .3 6 2 U n p a id t a x e s ........ 4 2 ,lo 9 V o u c h e r s <fc p n y -r o lls . 2 9 2 ,-3 8 C a r a n d l o c o , tru s ts . 1 6 1 ,1 5 1 L o e o . t r u s t s , S .B ’ d R R . 5 1 ,8 8 7 N o te s p a y a b l e . . . . ........ 8 0 ,0 0 0 M i s c e l l a n e o u s ........... 1 2 0 ,0 7 0 I n c o m e a c c o u n t ___ 7 9 9 ,6 7 6 T l t i I ........ ................. $ 3 4 ,0 6 7 ,1 9 5 1 8 9 1 -2 . $ 1 1 5 ,6 4 6 3 7 9 ,8 6 0 1 4 ,1 2 0 3 2 ,4 6 1 ........................................... .5 3 8 ,3 7 0 4 8 6 ,7 7 7 5 7 6 ,4 5 3 5 4 2 ,0 8 7 2 3 1 .7 7 8 1 3 0 ,5 7 5 5 5 ,5 0 5 5 9 ,5 8 8 2 3 ,5 5 8 2 6 4 ,4 7 9 1 3 7 ,6 4 2 7 7 ,1 6 2 5 9 ,5 4 4 2 4 ,3 8 5 2 5 0 ,5 2 5 1 2 1 ,0 9 2 7 7 ,7 0 6 4 4 ,5 1 8 2 5 ,9 9 3 T o t a l .............................................. .4 3 5 ,4 2 3 5 0 1 ,0 0 2 5 6 3 ,2 1 2 5 1 9 ,8 3 2 N e t e a r n i n g s .................................... 1 0 2 ,9 4 7 d e f. 1 4 ,2 2 5 1 3 ,2 4 1 2 2 ,2 5 5 P e r c e n t e x p e n s e s t o e a r n in g s 8 0 -8 7 102*93 9 7 -7 0 9590 INCOME ACCOUNT 1 8 9 4 - 9 5 . N e t e a r n in g s .........................$ 1 0 2 ,9 4 7 B e f e r m e n t s ...........................$ 1 9 0 ,6 1 5 R e c e i v e r ’ s b a l a n c e ................................. 1 0I,5 n 9t e3 r e s t o n b o n d s , J a n . 1 R e c e iv e d fr o m b o n d h o ld t o J u n e 3 0 ........................... 3 0 ,9 5 0 e r s ’ o o m m i t t e e ................... 1 8 3 ,6 2 1 B a l. t o i m p r o v e m ’ t a o o t . 7 5 ,6 0 1 T o t a l ....................................... $ 2 9 7 ,1 6 6 T o t a l ......................................$ 2 9 7 ,1 6 6 BALANCE SHEET JU N E 3 0 , 1 8 9 5 . Liabilities. S t o c k , fir s t p r e f .................$ 3 ,0 9 9 ,2 0 0 S to c k , c o m m o n ............... 2 ,1 8 0 ,8 0 0 F ir s t rn ort. b o n d s .......... 1 ,5 0 0 ,0 0 0 P a r - r o lls f o r J u n e ........ 2 2 ,2 5 0 A u d it e d a c c o u n t s .......... 1 4 ,2 4 7 T a x e s d u e ............................ 1 1 ,4 0 0 S u n d r ie s ............................. 1 0 ,8 2 2 B a l.t o iin p r o v t a e c t ... 7 5 ,6 0 1 T o t a l ................ ...............$ 8 , 9 1 4 ,3 2 8 —V. 61, p. 650. Assets. R o a d a n d e q u i p ................. $ 8 , 5 1 8 ,0 0 0 M a t e r ia ls a u d f u e l o n b a u d ................................. 1 4 .1 S 5 D u e f r o m a g e n t s IT. S. G o v ., e t o ......................... 4 2 ,6 1 7 B ills r e c e i v a b l e ................. 5 ,2 1 0 C a s h a t b a n k e r s ............. 6 7 ,6 7 7 F ir s t M b d s . i n t r e a s . . 2 8 2 ,0 0 0 M is c e lla n e o u s .................... 4 ,6 3 8 T o t a l ........ ..........................$ 6 , 9 1 4 ,3 2 3 Colorado Midland Railway. CR eport fo r y ea r end ing J u n e 30, 1895J The results for the year 1894-95 compare with those of 189894 as follows: 1 8 9 4 -9 5 . 1 8 9 4 -5 . A melt. 1 8 9 2 -3 . $ 1 1 0 ,7 5 7 4 2 8 ,1 7 9 1 4 ,1 3 2 2 3 ,3 8 5 C o n d u c t i n g t r a n s p o r t a t i o n .. . 2 2 1 .2 7 7 M a in t e n a n c e o f w a y , e t c .......... 9 4 ,5 4 4 M a in t e n a n c e o f e q u ip m e n t . . . 4 6 ,3 8 2 G e n e r a l................................................ . 5 0 .0 S 9 T a x e s ..................................................... . 2 3 ,1 2 9 INCOME ACCOUNT. Deduct— 1 8 9 3 -4 . $ 8 7 ,1 4 7 3 6 3 ,2 2 1 1 6 ,5 5 7 1 9 ,8 5 2 G r o s s e a r n i n g s . ............................. ................... . .........1 , 5 9 * 4 5 7 O p e a u n g e x p e n s e s .............................. ...................... .1 ,3 2 9 ,2 6 0 Deduct— 1 8 9 3 -9 4 . $ 1 ,4 6 3 , 2 5 6 1 ,3 4 1 ,5 8 8 N e t e a r n i n g s ........................ 2 6 3 ,1 9 7 1 2 1 ,6 6 3 R e n t a l ............................................. T a x e s ............................................. in te re s t o n c u rre n t d e b t, & c 4 4 ,0 1 7 1 4 ,8 5 6 8 ,8 4 5 8 6 ,6 0 2 1 1 5 ,5 0 0 8 3 ,8 2 8 6 7 ,7 1 8 T o t a l - ...........- ................................................................ B a la n c e on b o n d s )., sr 1 95 479 - V . 6 1 , p. 8 7 0 . d e f .1 0 9 , 2 6 2 (including no interest 2 9 0 ,9 3 0 The H. B. Clafliu Company. (R e p o rt fo r the season en d in g D ecem ber 31,1895.) President John Claflin, in his report, says: L ntil tiie middle of November our trade was large and profits vvere good, but the close of the season was unfavorably affected by the financial perplexities of the Government and by the Venezuela message. The general mercantile situation ought to justify the ex pectation of a good spring trade, but the immediate future of business is dependent on wisdom at Washington. If the tariff bill passed by the House of Representatives should be- J anuary 18, 1890,] THE CHRONICLE •come a law it would cause a decided increase of profitable trade thnughout the country. The following, compiled for the Chronicle, compares the results of the half-yeat's business in three seasons: INCOME ACCOUNT B U F - m B ESDISO DECEMBER 3 1. 1895. 1891. 1 89 3 . 1 89 2 . K e t e a rn ! ties, a fte r ta x e s, sal $ 6 ,5 2 3 $ >11,725 aries a n d e x p e n s e s ............. $ 3 5 9 ,9 7 3 $ 2 4 * .4 3 5 1 4 2 ,1 2 5 1 4 2 ,12 5 I n t .o n p re f. s t o c k s 's y e a r . .. 1 42,126 1 4 2 .12 6 137 li e v e w e s h a ll b e a b le t o o o n t i m i e t h e s e f a v u r a b l t c o n d i t i o n s u n til s u o h t im e a s t h e r e v i v a l o f t h e b u s in e s s o f th e c o u n t r y g e n e r a lly w i l l o n o e m o r e s e c u r e t o y o u r e a s o n a b l e r e m u n e r a t i o n o u y o u r in v e s t m e n t . Y o u r b o n d e d i n d e b t e d n e s s h a s b e e n r e d u c e d t h r o u g h th e s in k in g f u n d d u r in g t h e y e a r b y s ix t y - e i g h t b o n d s , a n d it w 11 b e f u r t h e r r e d u c e d t o $ 9 0 0 ,0 0 0 b y p u r c h a s e s in M a r c h . T h e o u t l o o k f o r th e p r e s n t y e a r a p p e a r s e x t r e m e l y b r i g h t ,— V . 6 0 , p . 3 0 0 . Intliriicite Coal Roads.—M eetin g C alled . —President Sloan, of the Delaware Lackawanna & Western; J. Rogers Mtxwell, of the Central Rsiltoad of New lersey, aDd E. P. Wilbur, of B e m a ln d e r fo r c o m .s t o c k ... $ 2 1 7 ,1 4 7 $ U 3 ,3 0 9 d f$ 1 3 5 ,6 0 2 $ 3 6 9 ,6 0 0 1the L“high Valley, yesterday issued a call for a conference to D iv id e n d s on com . s t o c k ___ 1 1 4 ,87 3 1 1 4 ,87 3 1 1 4 ,87 3 1 6 2 ,7 3 6 be held next Thursday to discuss the condition of the coal Burp, in a utum n fo r c o m . . . $ 1 0 2 ,2 7 4 d f $ l l,5 6 4 d f$ 2 5 0 .4 7 5 $ 2 0 6 ,8 6 3 trade and arrange, if possible, for a restoration of prices to a reasonable basis.—V. 61, p. 67. B e -e r v e fo r co m m o n b rou g h t f o r w a r d ................................... 2 7 3 ,e i5 2 8 7 ,4 8 0 5 5 2 ,0 7 6 3 4 2 ,3 8 4 Vtehison System—St. Louis & San Francisco Ry.— Burp reserve for com stock .$ 3 7 5 ,8 S 9 $ 2 7 5 ,9 1 0 $ 3 0 1 ,6 0 1 $ 5 4 9 ,2 4 8 Leased L in es. —Judge Adams, in the United States Circuit i Court at St. Louis on Monday, rendered a decision overruling Earned fpr common stock in the fall of 1895. 5 67-100 per cent; in spring of 1895, 2 94-100 per cent; in full year 1895, all exceptions filed by the Mercantile Trust Company in the case of the leased lines known as the St. L ou is Salem, & 8 61-100 per cent. 1 A rk a n sa s R y , the K a n sa s M idland R y ., the K a n sa s C ity & 1895. 1894. 1 893. P ro fit f o r y e a r o v e r Interest on p ref. South Western R y. and the St. L ou is K a n sa s & Southw estern Stor ks . . . . 7 ! ............... . . . ................. $ 1 2 9 ,7 1 8 $ 2 '4 . 0 6 l S3V 35 R y , and sustaining the sp eial masters’ decision throughout, D iv id e n d s on co m m o n fo r y e a r ........ 2 2 9 .7 4 6 2 2 9 ,7 4 e 2 8 7 ,1 3 2 that the leased lines are valuable either as essential parts of the’Frisco system or as feeders, and shoull be retained in B a la n c e ................................................... s a r .$ 9 9 .9 7 2 d f.» 2 5 ,6 3 5 d f.2 4 7 ,6 4 7 the system—V. 62, p. 84. F irs t p r e fe rr e d stock....... ............ ....... .................... 2 6 ,0 0 3 s h ir e s . S e c o n d p r e f e r r e d s t o c k ........ ............................................................. 2 5 , 7 0 6 “ Atchison Topeka Jc S intn Fe.— New Y o rk Office Opened — C om m on s t o c k ..................................................................................3 8 ,2 9 1 “ The new company has opened offices at 59 Cedar Street, New T o t a l ..................................................................................................9 0 0 0 0 “ York, where are located the Chairman of the B >ard, Mr. A. F, Divider ds on common stock from organization to October, Walker; Mr. J. P. Whitehead, the Comptroller; L. C. Dim ing. the Assistant Secretary, and George C.Good win, Assistant 1892, 8 per cent per annum; from October, 1892, to July, 1893, Treasurer The B »'on office has been closed. Toe old offices 9 p«r cent; from July, 1893, to da'e, 6 per cent. ! of the receivers iu the Equitable Building are now occuoied BAL4NCK SHEET DECEMBER 3 1 , 1 80 5 . as the offices of the receivers of ih« St Louis & San Fran A s s e ts | D ir irte n d s . C a s h ..................... $ 1 ,8 4 0 ,7 4 4 C apital $ 9 ,0 0 0 ,0 0 0 cisco. At thi^otfi-e on Feb. 1 Treasurer Him’lton will pay D iv id e n d s, s c o o t o f anI O pen a cco u n ts p a ya b le. 6 ,4 4 4 .6 6 8 the coupons ma’uring on that date on th> collateral trust 6t tum n bu sin ess ............ 1 5 2 ,1 8 7 | F o r e i g n r t e h a n g o A B ill* r e c e i v a b l e ___ . . . 1 ,2 5 2 ,4 3 5 loan iieenut-t ............... 4 2 1 ,4 2 9 I of 1880 and the Missouri & Western Division 6s. These pay O p en a c c 't« re c e iv a b le . 4 ,7 4 8 .3 0 7 | S urplus r s e r v e ............. 9 7 3 ,6 1 5 ments aggregate about $70,010—V. 62, p. 84. M erch a n d ise .................... 5,7 2 8.31 1 j P rofit* a u 'u m u , 1 8 9 5 .. 3 5 9 ,4 7 3 Brigantine Transit.—R eceiv ersh ip .— Joseph Tnompson B o r e p r o p e r ly ............... 2,7 3 9.18 1 has b en appointed receiv-r of ton roa 1, which extendi along B taule......................... 8 7 .1 9 * | H o rs e s , tru ck s. A e -----14.622 Brigantine B*ach, N. J., 0!^ miles. Capital Traction Co ( •Vaablngtoi, D C ) — InnuaZ T o ta l ........................... $ 1 8 ,5 0 1 ,9 8 5 I T o l a l ............................. *k 6 . >01,995 S ta tem en t — Oils company, which was fo*med bv con—V . 6 1 , p . 6 7. |-nli D i n of theoM tud uros » rout W is'iiugt m & Geirge1town Rit with the Rack C.-eek Ry., reports earnings for the GENERAL INVESTMENT NEWS year 1815 as follows: Reorganization Plan*. Etc.—The follow in g is an index to I ’ lK .r n rj'r Ueeetpls. O th e r fneetme. O r o 't O p e r a tin g Receipts. Ententes. .Vel Earnings. 918,257 $1,063,767 $631,013 $129,764 all statements relating to defaults, foreclosure sales, reorgan i - $1,045,510 The company has outstanding $12,000,000 of capital stock, cation plans, reorgan iz it ion committees, payment o f coupons, and receiverships, o f the principal companies, that have hut no bonds; the Washington and Georgetown issues were been published in the C hronicle sine* the last editions of all retired, replaced by stock. The power used is partly ca the I nvestors ’ and the Srstrr R a ilw a y -Supplertints were ble, partly overhead trolley and partlv underground trolley. Trie officers are: President, G. T. Du tlop; Vice-President, issued, all earlier facts o f this nature being set forth therein G. C. Glover: S cretnry and Treasurer, G. M. Koone*; Cnief It does n ot, however, include matter in to day’s CHRONICLE. The following abbreviation* are used: P lan for reorganiza Engineer and Superintendent, D. S. Ctrll.—V. 61, p. 558. tion or readjustment plan; cou p , for coupon payments; d 'J. Central of (Jeorgla R y — Savannah i t W e s te r n — F in a l for default: C om for committee. Settle n en t .—Central Trust Company certificates for Savannth & Western 5 per cent bonds are now receiving at the H o r s .— P a ll fa ce S gu res re fe r to V o l. 6 2. C-ntral Trust Company, in final settlement, for each $1,000 R a il b o a d a M t ic i t . C os. R k it-n o A D A M i i n i . O o * .- fC o n . bond deposited $350 first preference income bonds and $250 T ot Mince 6 1 a n d 6 2 — Po*e V o i u m t t Q l anU 6 i — P a g e. A t c h T o p * 5. r e I'tt* 7 «» , TKI, t'i-a O hio Sonthern ___rmrg. ICA\ 1145. 1 1 -ecood preference income bonds of the Central of G *orgia So do n M 7 ig I K .R U , UM do do cmtp. 990, 1014 R ril way Company, in accirdance with the terms of settle A tc h . Sr*-—At. a p e c Mic.s 7 o .M 4.u c ie O m aha A St. L »ai* atit 10d\ r*,nj. 4 1 do do r*tpr. H| O regon Impp. C o . Cbm. S72. loL i.rp. WH ment, The certificates had already received $194 56 p»r bond St. L. A San F ro a ................. eouo. Skfc> 0“ «l-irorg, 4 1 ; fortcl. H7i do d o ta li. 1012. 1 «KJ, s -t Or. S. L. A U. I f ........ . .coup. f*V4. 101;$ in cash (see V 81, p. 1063), so that at pres-mt pricja for the dj do Com. H I do do Com. 101JL UOH tncomet each Savannah & Western 5 p’ r cent $1,000 bond Chic. Santa Fe k Cal .........fjr ttL !•*« Ora. Ry. A N ar. . Jt of c oU tt. S.^ On Capo Fear A V*<1 Val ..............•*«/$ ?iu do do plan 1 1. S.'S was given in all the equivalent of about $651 in cash. do do rmrg. SW. 1 LSI W P aorla D ecatu r A Kean*. rsont. k i i Jan. 13 the Savannah & Western was conveyed to the Central _do do [d tn KVf, ||AS do d o fHMp llOH; fortcl, S.5 Cminr Fall* k M ln n**ota.......eoup. IIM Phlla. A R a ilin g , pian 10H|. 1100, 110> of Georgia Ry. Co.—V. 61, p. 1106. Central o f Ga. R 7 .rmrg. 996. LO&J, lurt dt» d** coup. 41 Cln. Jack k M*'*k......................pi m !»<»* Central Washington HR.—Northern Pacific RR.—R earPort Royal A W . Car . .tali. 9t6 . 1014 C h att R om e k Col . . . .rmrg. 7*3. II M U ulncy O m aha A K. C ..........rmrg. I I qrtnization .Vofice.—Alfred M. Hoyt. Chairman Bondholders’ C h aU ano'tra Southern,, .pf-in hj&, LOIS RU-hmond N. I . A II ..............Com. 1014 Committee, notifies the Central Washington bondholders Chen O. * 8. W ................r iiu p .lim . 4 » St. Joaeph A G r. Island.........J o r td . 831 C h icago Ga* .........rmrg. 79H, 9 A , lift* do do rmrg. Id i that all bonds must be deposited under an agreement made Cnioago k S o r . P a e ....... r io r g 9U . 1 » » <aTannah A W e*tern. ....norg. l<*Li O kicago P eoria k St. L JortU . 791. 97" Seattle L. S hore A Eastern . rmrg. 7*6 the 19th day of March, 1891. at the Knickerbocker Trust O n Jack, A M ack............... .. .plon 1 10rt do do fo n x l. 1014 Co . 66 Broadway, New York City, on or before February 15, Clar. Canton k S o. .rmrg. rt»3, uort, 1 154 Summit B rancn . . . . .............. <UJ. 41 _ do do d tf. I <1 ; f artel. MI T o le d o St. I* A Kan. City. . .rm rg 7t»fl 1896. B unis not deposited by said date will be subject to a C olorado M idland ............... coup. :«*• U nion PaciBc. .coup. 7m4 . 1014. L0^«. f i penalty.—V 61, p. 1012. Col. k H ook. Coal k Iron .rm rg. Hjo, 1 [ R do rmrg. 912. M72. M *. C olnm b. Sand. A H ocklng.asl# ?*V, 990 1014. 10<«. ll.Vt. 4 1 fhattfinnnifa Southern Rtllro i i — R eorg a n ized C o m p m y do do *rorg. *i| do D e a r. Leade. A G . fortcl. 1 11•• p o t n jit L. k N o ........................ rm rg.\"W U nion Pae. Den. A G u ll. Cbm. 832. 11*4 —Thiscompany was formed on Jan. 10 by consolidation of the PtaUDlogr k C tttI*i Fectllng. .rm rg 799 do do do pton 1W companies of the same nam' form'd iu Alabami and Georgia Ft. W orth A D**nT**rnty........ plan |»* Unll$?<l Stato* O m la g e . . . . tait U>V1 O alrew ton La P. A II. .rtcor. H i W isconsin Central ........ coup. 7*6. I *2 as the suciessir of the Cnattano tgiS mthsrn R til 1017 su'd in O reen B ar W in on a A St. P . . pton 7»0 do do ............ rmrg. 9*0, 4 4 i foreclosure Fib. 14, 1895. and reorgtn z <d ptr olau in V. 61, do do nut. 9 ‘ 6, 4 0 India na Dec. A V faatorn........rtorg. i * p. 830, 1012 J f k -.f t T U i e I. A Sc. L . . . . . . . r » n f . 750 Ixratar. Soath*>aahera........ Jortel. 750 Chicago he Northern Pacific RR.—Annual S ta tem en t .— flTRRKT RA1I.WATS. .......... n o n . 8 7 1 Jackftonr. T. A K. W For the year ending June 30, 1895, the receiver makes to the _ dr> do .................... salt t il A sbnry Park A Belm ar . .. r t t t l n r i o n A /n d . B rid g e............Com. 791 Chattan>w$ga Klectrio .......... tali 1154 CmtONICLE the follow ing soecial report: L ittle Rrwk A MemphT* ...H ilt. O S L ltchfleid Car A W .plan afrin*l'4 10d» 84. Lfc A T e x .....................r,org. ?>i M acon A Ftir nlnrham __ _ 4 •» M arietta A N*» l } » * 1/4 a'»d rwiry. H!\ Minneap*j)le A St. L ou is .. .cou p .. i d «• Lake Erie a W .........»al*. m i . A71 « Jr°-k •• r w r j. s»r> *• * • Penn. A O hio . .rtttrg. S71, rtc. 035 do d*» milt S,1 N o r folk A W estern ............... rtorg.lOlZ N ortheastern o f G a .................... t u t Hk n orth ern PactBc.. ,.o « p . HOH h a s . | | r te v n . 750.1 udS. Central W u h ............ fortcl. 1012 Chic. A S o o th Side R. T. pi in 1012. 10*3 do do Com. 10d3. 1100. 1154 Colonial E lec. St. Ry. (K ingston, S . T .i ........................................... hiIt indi C^inad. St R y (P o rtla n d . O.i.fortcl. P*VI Dal la* Consol. St.............. 1013. l'fld Ft. Wnyne Ind * FU**otrlc rmrg. Odd H on ston City St. Ry ............ r n n . H*l I^m g Island T ra r nut 1013. 1006. 1156 M ilwaukee Street R y ......... 1156, 10 Na* h r d ie T r a c t i o n ..................... tnlt Pcirtland O re >O>n«ol. S t___ p in HU Seattle C on *.St. R y . ..reorg* 0d8, 1»1M W ater. A B row n rllle St. Ry. rscer. 1022 W«wt Knd St. (R o c k fo r d . lll.)..s<iD 9 1 plan Hilt American Stratiboird —Official C ir c u la r .—Secretary W»tains in announcing the annual meeting D c. 6 has i-sued a circular in which he says: b»* b'«n a gratifying Increase in sales of the p ro d u c t of y o u r « o o i w 0 * 0,rS f ,b ,‘ P ro o e o ln * you r, a m ou n tin g to b etw een 5 ,0 0 0 an d 6,000ton*, w e are now realising fair pr. flts, and aro e n c o u ra g e d to b e YEAR ESDISO J P S E 3 0 , 1 3 9 5 . O r o s s e a r n i n g s ........... $ 7 1 6 ,8 9 2 T o t tl n e t I n c o m e ............. $ 1 1 2 ,0 3 9 865,211 t i l t - r e s t p a lil — N et e a r n i n g * ...................... 3 6 1 ,6 9 1 rilt, (I t. W e s t. 5 s . . . 1 9 ,7 0 0 R e n t o f offloes ........ 1 ,7 0 6 3 2 ,5 0 0 P a r c h in m e y m o r t . . . R e n t o f p r o p 't y n o t u s e d 5 1 ,2 0 0 T o t a l p a y m e n t s ................. f o r R R . pttrp sen .......... 4 3 ,6 8 2 S u r p lu s f o r ) y e a r ............... 3 5 9 ,8 6 9 S in g le t r a c k o p e r a t e d , 4 5 4 8 m ile s : t o t a l m ile a g e , in c l u d i n g d o u b l e t r a c k s , s p u r s an d s id in g s , 9 7 -7 6 m ile s .— V . 6 1 , p . 1 0 6 3 . Oper. e x p. and taxes..... A < hloagn A South Hide Rapid Transit RR —R eo rg a n iza tion N otice. —More than two thirds of the first mortgage tvmds have been dep sited with the Northern Trust Co. of Chicago under the bondholders’ agreement Further deposits without penalty may be made till Fsh. 15, 1896. S>e advertise ment in anothercolumn of to-day'sCilRONiOLK.—V. 61, p. 1154. Chnct iw Oklahoma Sc OnlfRR.—At the annual meeting on Monday President Go wen was re-elected by the voting trui IHE CHRONICLE. 138 tees. The annual report covers a period of thirteen months ending October 31. 1895. The net earnings of the r a i l r o a d de partment were $147,683, and the mining department $.>7,-too. The fixed charges are $333,650, and President Gowen says the results since the opening of the new extension justify the estim ites on which the property was reorganized. For October the net earnings of the two properties were upward of $29,000.—V. 61, p. 1013. Colorado Fuel & Iron.—D ivid end s .—At Denver this week a semi-annual dividend of 1 per cent was declared upon the company’s preferred B to c k . The last previous dividend was 4 per cent in scrip in February, 1891. This payment will leave 12 per cent in dividends in arrears. President J . C. Osgood, who has rceontly returned from the West, Is quoted as saving: Colorado Is the brightest place In the oountry todav. Owing to Its large production of gold all industries In the State have been stimulated. The iuoreaaod activity is upon a pound aud healthy basis. The Colorado Fuel &Iron Company is earning at least 25 per ceut net more than last year, it has no floating debt, ana its prospects were never more satisfactory than at present. V. o i, p. 1108. Denver & Rio Grande 1 1 R . - E a rn in g s — Earnings for the six months ending; December 31 have been reported as fol lows, the month of December, 1895, being estimated: Gross 6 montht— earnings. 18 9 5 ....... $4,067.1)65 18 9 4 ...................... 3,707,539 Net earnings. $ 1,8 16 ,17 1 1,603,147 Interest, taxes, etc. $1,179 ,24 1 1,206,989 Balance, surplus. $636,929 396,158 Out of the eurplus the board of directors declared a divi dend of 1 per oent on the preferred stock, payable January 15, and the balance will be used toward payment for 550 new standard-gauge cars, which are in course of delivery on the line of the road.—Y. 61, p. 1064. East Shore Terminal.—R eceiv er. —Judge C. H. Simonton, in the United States Circuit Court in Charleston, S. C., lias appointed W. E. Huger receiver of this company, which owns wharves, warehouses, terminal tracks, &c., at Charles ton, S. C. The company was obliged to fund a number of coupons tw§ years ago, and now that the period for which they were funded has about expired a receivership is found necessary. F lint & Pere Marquette RR.—Pennsylvania BJL.—Car F erry . <frc.—The Flint & Pere Marquette has ordered a steel car ferry steamer to cost some $300,000. The steamer will carry thirty loaded cars and will ply between Manitowoc and Ludington, on Lake Michigan. The cost of the vessel will be defrayed in part from land grant sales, An arrangement has been made with the Pennsylvania RR. whereby that company will use a portion of the F. & P. M. track to enable it to reach Detroit, and the F. & P. M. will be given terminal facilities at Toledo.—V. 61, p. 558, 795. Galveston La Porte & Houston Ry.—R eceiv ersh ip — Par ties interested say the receivership is a friendly proceeding, and will enable them, through the use of receiver’s certifi cates, to complete the road, so that it will be ready for opera tion within two or three months. None of the $1,000,000 bonds authorized, it is said, have ever been sold.—V. 63, p. 84. Georgia Midland & G ulf RR.—Sale O rd ered.— The fore closure sale of this road under the first mortgage of $1,650,000 is to take place at Columbus, Ga., on Feb. 1, 1896, The upset price is $500,000.—Y. 60, p. 1058. Green Bay Winona & St. Paul RR.—Foreclosu re Sale .— The sale of this road is advertised for February 18 at Green Bay, Wis. The Green Bay Stevens Point & Northern RR. will be sold on the same day at the same place.—V. 63. p. 40. Herring Hall-M irvin— V otin g T ru st .—The stockholders are requested to assent to the creation of a voting trust, to continue for five years from Jan. 2, 1896. The agreement prepared provides for the appointment of Messrs. Willis B. Marvin and Wright D. Pownall (Vice-Presidents and Eastern Managers of the company). Francis W. Carpenter (President of the American National Bink, also President Rhode Island Perkins Horseshoe Company, of Providence, R. I.), S eph m A. Jenks (President Slater National Bank, also President Fales & Jenks Manufacturing Company, of Pawtucket, R.I.), and John A. Shilbey (of Messrs Dean & Shilbey, Bankers, Providence, R.I.), as voting trustees for the period named. In our advertising columns will be found a circular issued by Messrs. John H. Davis & Co. relating to the matter.—V. 60, p. 1143. Illin ois Central R R .— Official C ir c u la r —President Stuyvesant Fish has sent to the stockholders under date of Jan. 11 a circular relating to the operations of the road for the halfyear ending Dec. 31. He calls attention to the increase in the gross earnings for this period of about $1,436,000 and in net of $1,187,000 (December estimated), and says : The crops of corn, of spring wheat and of other small grain have been nnusualty abundant throughout all the country. True, the winterwheat harvest was unsatisfactory and cotton has yielded less abun dantly than last year; for these losses the increased prloe to the grow ers affords some compensation In giving them a greater capacity to buy and consume. Corn, however, forme in one shape or another,'the basts of railroad earnings, and tho enormous orop of this year, of which Imt little has as y>-r gone to market, Insures a steady iuerease in tonnage. During each of the last five weeks a larger volume of corn has been shipped from New Orloane than from New York. For the thirteen weeks from Oet. 6 to Deo. 29 the total exports of oorn from United States ports were 21,965,010 bushels, an increase of 18,985.423 bushelB compared with the previous year. Of these amounts there were snipped from New Orleans this year 5,452,829 bushels, against 888,898 bushels from New York, whereas last year for the same period tho shipments from New Orleans aggregated only 157,436 bushels, us against 1,299,097 bushels from Now York. [Vol. l x i i . The distance from Chioago to New York and to New Orleans being the same (913 miles), and the center of the production of oorn and other grain lying to the west and south of Chicago, it is obvious that, with our low grades and our freedom from the paymeDt of arbitrary charges for the use of bridges or teimlnals. we can continue to hold tills l radio. Our oontrol, under one management of the railways from the point of production to tlie sea and our owuershin of the wharves and elevators at New Orleans enable us to give quick dispatch to ves sels, and to return our oars northward without delay. The circular closes as follows : Even if our confident expectation of increased earnings during the remainder of the year should fail, we already have from traffic a sufficient gain to Day, more than twice over, the 5 per cent dividend on the $10,000,060 of fresh capital recently au thorized. The interest on the funded debt has been reduced by the extension, at 4 per cent, of the $2,500,000 (£500,000) of 6 ppr cent bonds which matured April 1, 1895, and by the usual payment of $50,000 (£10,000) of 5 per cent bonds through the Binking fund. On the other hand we have collected in cash some $800,000 of interest, w lich has been accumulating for eight years, on the Cedar Falls & Minnesota bonds, pur chased last year, as well as a full year’ s interest (viz., the coupons due February 1 and August 1, 1895, on the first mort gage bonds of the Chesapeake Ohio & South western RR. Co. In anticipation of the maturity of the $7,000,000 loan contracted in 1895. we have already paid $2,000,000, leaving outstanding $5,000,000, against which we hold some $7,250,000 of first mortgage bonds yielding an income of over $450,000 per annum — V. 61, p. 1154. Louisville St. Louis & Texas Ry — R e o rg a n iz a tio n P la n .— The Reorganization Committee, consisting of John J. McCook and Charles B Van Nostrand of New York and Harry Weissinger and Oscar Fenley of Louisville, has issued a plan of re organization dated Dec. 20, 1895. The plan provides for foreclosure of the existing mortgages and for the creation of a new company which shall issue : First Mortgage.—5b-year 5 per cent coupon gold bonds, interest pay able semi annually, seonred by first mortgage on 165 miles of road and extension to Louisville it built, aud covering entire property, in cluding equipment; coupon No. 1 to be payable, July 1, 139S. Total authorized issue........ ............ $2,500,000 Of which to be reserved for extensions to Louisville, or •' other absolutely necessary improve nents.” .................... 400,000 To holders of present first mortgage bonds............................. 1,400,000 To he used by reorganization committee for paying oil underlyi g liens, car trusts, expenses, etc........ .................. 700,000 Preferred Slock, beneficial interest certificates, 5 per cent non-cum ulalive....... ...................... $2,000,000 Of which to holders of present 1st mortgage..................... 1,600,000 To consolidated bondholders.................................................. 400,000 CommonSlock, beneficial interest certificates, all to go to consolidated bondholders.................. ................................... $2,000,000 Voting Trust -T r is propose 1 that all of the new preferred and com mon stock shall be issued to Johu J. McCook, Brayton tves and Osoar Fenley, as trustees, to be held by them for tea years, or u n til the trust shall be terminated by an iustrumeut in w.-itiug signed by each of the trustees. The trustees are to issue negotiable trust certificates entitled to all dividends declared. No sale of said stock is to be made without the unanimous vote of the trustees. In case of a vaoanoy in the trust, the successor of John J. I I cCook is to be elected by the holders of ti ust certificates representing tue preferred stock, and the successor of either of the last-named trustees by holders of cer tificates representing the common stock. The first board of directors will be named by the reorganization co mmittee, and thereafter by a majority vote of trustees. Exchange of Securities.—Holders of old bonds, in satisfaction of principal and all over-due interest, will receive; Will receive. Holders for .---------------------------------------- *----------------------------------------. principal and interest of New1st m. 5s. Pref. Stock. Common Stock. 1st mort., $1,000 — Consol, m ort, $1,000..... $500 ......... $ 5 7 1 43 245 55 ......... $ 1,2 2 7 75 D ep o sits .—Holders who have deposited their bonds and who do not withdraw them by Jan. 31, 1896, will be held to have assented to the plan. See advertisement on another page for full particulars as to deposits and withdrawals. E a rn in g s an d In terest C h arge .—The interest charge on the $3,100,009 new bonds will be $105,000 per annum, which sum, the committee says, has undoubtedly been earned “ during each of the past two years of unprecedented hard times, when a proper deduction is made for the excessive cost of mainte nance charged to operating expenses by the receiver.” With a return to prosperous condition dividends on the preferred stock are thought “ highly probable,” The committee states the earnings for the two years ending July 31, 1895 and 1894 [1893-94 being seven days short of a full year], as follows: Fear. Cross Eurn’gs. 1894-95.........$415,506 1893-94 ....... 406.400 Oper’t’g Expenses. $294,917 298,483 Real Net Extraor'rg Rec’rs’ Earn'gs. Expenses. Net ties'll. $120,589 107,917 $40,872 27,864 $79,717 80,053 B on d s an d F lo a tin g D eb t .—-The plan makes provision for the following: First mortgage 6s, $2,800,000 and overdue cou pons to Jan. 1,1896, $490,000; consol. 5s, $1,629,000; car trust liens (maturing to Sept. 27, 1899), $260,985; due connecting roads (a prior lien to first mortgage under laws of Kentucky), $115,224; right of way, old claims, cost o f reorganization, etc., $140,000. For economical operation of road it is necessary, the committee says, that $100,000 be expended on the proper ty as soon as possible; such an expenditure, it is estimated, will reduce operating expenses $25,000.—V. 61, p. 794. Manhattan Elevated RR .— In crea sed A ssessm en t o f R e a l E sta te .—The Tax Commissioners have increased the assessed valuation of this company’s real estate from $13,544,700, which it was last year, to $27,219,000. This proceed ing is said to be for the purpose of offsetting the company’s claim for exemption on a large portion of its personal proper ty. The assessment will be taken by the company into the courts, for the increase with a tax rate of $20 per $1,000 would mean an additional payment of $273,000 yearly.—V. 61, p. 871 J an u ary 18, 1896.J lH E CHRONICLE. 139 New York Pennsylvania k Ohio ER.— D ate o f F oreclosu re Sale.—The foreclosure sale has been set for Feb. 25, 1896, at Akron, O. The minimum pries is fired at $10,000,000.— V. 62, p. 84, 85. North Chicago Street RR.—A n n u a l R e p o rt. —The report of this company for the year ending Dec. 31, 1895, will be published in the Chronicle next week. In the meantime the following brief statement will be of interest: Philadelphia Reading & Lew England RR.—Reorgani zation Notice—A cirotilar has been issued to the bondholders by a committee of which John S. Wilson, late President of the company, is Chairman, stating that in view of the Reading reorganization it is probable relations with that oimpany will be entirely severed. On this account and because of other unsatisfactory developments the bondholders are urged to deposit their holdings with the Girard Life Insurance & Trust Co. of Phildelphia.—V. 61, p. 831. Gross yet Charges Dividends "Balance Fear. earnings.earnings. paid. paid. surplus. Philadelphia W ilmington & Baltimore RR.—A n n u a l 1 3 9 »_______ $ 2 ,7 4 0 ,4 3 7 $ L .l6 3.'< 3 0 3 1 7 1 .2 5 1 >9.9 22 $ 3 3 7 . .'07 Meeting.— At the 58th annual meeting held this week a state 1 8 9 4 ........... 2 .5 6 5 ,6 1 3 1.2 1 8.23 2 4 6 5 .6 4 3 6 5 9 ,9 1 3 9 2 .7 3 1 ment was presented showing earnings for the year ending •P reviou s surp lus. $ 1 ,3 5 7 ,0 7 6 ; tota l su rp lu s, 3 1 .6 9 4 .2 3 1 ; e x t r a d i v i d e n d . 3 1.1 0 0 ,0 0 0 ; n et su rp lu s Jan . 1. 1 3 9 6 ,3 5 9 4 ,2 8 1 . S dC u U r d i v i Oot. 31, 1895, as below, in comparison with previous years; d end a g g re g a te d 12 p e r ce n t; e x t r a d iv id e n d 2u p e r ce n t.— V . 6 2 , p . 41. Northern Pacific RR.—R eceivers. —At Washington, D C., on Tuesday and Wednesday, Judges Field, Harlau, Brown and Brewer, of the Supreme Court in Chambers, gave a hearing to the attorneys who are interested in having the receivership of the Northern Pacific Railroad consolidated. The attorneys present were ex-3enator Spooner nnd Mr. Turner, whr appeared for the Farmers' Lran & Trust Com pany; Mr. Pettit for the railroad company, Joseph H. Choate for the Adams Reorganization Committee, and Mr. Cardoza for the Livingston Committee of second mortgage bond holders. While ail the attorneys were agreed as to the urgent need for a single receivership there was much difference of opinion as to which Court should have jurisdiction. Mr. Spooner and Mr. Turner contended for the recognition of the Circuit Court for the Eastern District o f W iscm -in, Mr. Carl izi for the recognition of th** Minnesota Ciurc, Mr. Pettit for that of the State of Washington, Mr. Choate for the Wisconsin Court. The Judges asked the several attorneys to prepare such orders as they might wish to have promulgated, to be submitted to them at a future meeting which the Judges will hold for consultation. This proceeding is a novel one in the history of American jurisprudence, and no one can say what action will be taken. Counsel desire the Justices to agree upon an order, to be en tered upon the records of ail the Circuit Courts in the several circuits, directing that one Court be recognized as possessing primary jurisdiction, proceedings in other circuits to be ancilliary thereto. Should the Justices conclude that they have not the power to issue such an order, then it is desired that a recommendation be made to the various Circuit Judges that they aco-de to the designation o f one of the circuits as hav ing the jurisdiction. Land Selections.—Additional land selections approved by the Secretary of the Interior are reported as follows: 53.538 acres in th“ Vancouver and Spokane Falls district, Washing ton; 341,313 acre; in th** L«*wistown, Mon., district; 23,383 acres in the Vancouver, Washington, district; 73.553 acre* in Washington; 79.343 acres in the North Yakima and Walla Walla district. Washington; 18,661 acre* In the Spokane Falla district.—V. 63, p. 85. Ohio S inthern RR.—Reorganization Committee.—At a meeting at the office of R J, h.imoall& Co. on Thursday of the holders at Ohio Southern stock and second mortgage bonds a statement was made regarding the condition of the company. The floating debt was stated to amount to about §370,000, not including $56,000 in interest due on 4 per e n t bonds. It was represented that if pressing claims aggregating some $'200,000, were satisfied, the property might be restored to the company. A suggestion was made that an assessment of 6 per *-ent on the stock [for which assessment scrip could be given] and the funding into scrip of three-years’ coupons on the seconds would be all that is necessary to avoid ’ oreclosure. A resolution was pissed requesting that M-ssrs. Ru*b C. Hawkins, W. G. Wiley and E. L. Oppenbeim be ad led to the existing second mortgage bondholders' committee, now composed of Messrs. John I. Waterbury, James D. Smith and J. S. Bache. Funded Debt—Toe company has outstanding: First mort gage bonds. $'3,924,000; general mortgage 4s, $3,800,000, in eluding $233,000 pledged for a loan of $76,000 [not includ'd in floating debt as aoove, since offset ov binds]: o ms di ctated mortgage bonds. $200,000, ail pledged with car trust companies as security for their claims; car trust 5s and 6s $909,000, not including $18,000 for new locomotives Tbe car trusts, which may h* liquidated at any time, require pay ments aggregating $154,2o0 yearly “ for the first p-ri si o f two to three and a-half years" and $144,000 yearly thereafter.— V. 61, p. 1155. Oregon Short Line k r ia h Northern R y.—Coupon Pay ment.—Application has been made for the payment of the August coupon on the Oregon Short Line first mortgage 6 per cent bonds.—V. 61, p. 1108. 1895. Gross earnings... $9,112,533 Net earnings...... 2,615.641 1894. $8,69 \959 2,346,617 1893. $9,868,001 2,653,409 1892. $9,437,802 2,162,627 The P. W . & B. is controlled by tie Pennsylvania RR. Co., which owns $10,890,95) of its $11,819.35') stock. In 1893-94 its “ other income "aggregated $t'3),933 and its surplus over charges was $1,117,739, from whica dividends aggregating 6J2 per cent, or $768,358, were paid From the earnings of the recent year dividends aggregating 7 per cent were paid, —V. 60, p. 347. F Pullman Palace Car Litigation.—At Philadelphia, on Monday, Judge Butler, in the United States Circuit Court, awarded the Central Transportation Co. $3,553,000 and eleven years’ interest in its old suit against the Pullman Palace Car Co. for recovery of rentals. The Judge in so doing confirmed the report of the Master to whom the case had been referred. This decision is merely one step in a long legation . The case will be appealed to the Supreme Court. With reference to the matter the Pullman Palace Car Co. says ; The decision referred to 1» not at all a final one. as the ease will be appealed 10 a hither court. When a former -utt la this matt-r was oarried to the United States Supreme Court tt w«e decided that the Central Transportation Comp my had no power wbstever to make such a lease, and that It was Invalid. It is not at all likely tha* the higher court will •attain the present decree of the 'Irouit Court. The Pullman Company Is the largest Individual stockholder in the Central Transportation Co. —Y. 01, p. 747. Rapid Railway o f Detroit.— E a rn in g s.— Far tbe 5}£ mouths from its opening day, July 14, 1895, to Dec. 81, 1895, the Rapid Railway Company reports earnings, etc., as fol lows: Gross Eam'gs. Set Earn'as. Interest. 5>* months.......... $ 3 0 ,3 5 6 * 1 4 ,7 7 0 $ 6 ,8 7 5 Bat., Sure. $ 7 ,8 9 5 Seattle Coal k Ir o n —Reorganization.—The reorganization committee, consisting of Morton S. Paton, Tno*. 8 . Stokes and W. R. T. Jones, calls for the deposit at the Manhattan Trust Co., with assessment, on or before January 36 of the stock and bonds of the Seattle Coal & Iron Company and the Green River Coal and Coke Company. Union Pacific Ry.—Kansas Pacific Committee Endorses Fitzgerald Plan.—The holders of Kansas Pacific consoli dated first mortgage bonds are oo:ifi-*d by the committee, Frederick D. Tappen, Chairman, that the committee has aocepted for tbe holders of bonds deposited the provision made for their bonds in the plan o f reorganization of the Union Pacific Railway Co., which was prepared by the Fitzgerald Committee. This accept ince is subject to the approval of a majority in interest of the holders of certificates issued under the ;Tsppen agreement. A meeting of certificate holders will be held Tuesday. Jan. £8, to obtain such ratification and aporoval Th** Tappen Committee represents $10,35 1,000 of tbe $11,734,000 K. P. consols oustanding. See the adver tisement on another page. Deposits.— The Union Pacific Reorganization Committee, G**n. Louis Filzgerald Chairman, announces that the deposits under the reorganization plan of Union Pacific first m irtgage bonds amount to a large in ijority of the entire issue of bonds, including in the calculation the amount (about $7,000,000) held in the Union Pacific sinking fund of the United States. A majority of the shares of stock of the company ha3 also been deposited with the committee. Interest on First Mortgage.— At Omaha, Jan. 14, Judge Cornish, Maet-r in Chanc*ry, recammsnded th** payment of interest on Union Pacific first mortgage bonis which was due January, 1895,and aggregates aoout $870,000.—V . 63, p. 94. Union Par fle Ry.— Denver Leadville & Gunnison Ry.— Foreclosure Deferred—At Denver, Col., Jan. 13, Judge Hilleit, in (he United States Court, declined to give a decree for the foreclosure sale of the Denver Leadville <Sfc Gunnison at the present time. The matters set forth in the cross hill filed by the Union Pacific, and the question in regard to the ownership of the Union Depot stock, should first, he said, be settle J. The Union Pacific receivers seek by their cross-bill to recover from recent earnings the deficit they had to meet while operating the road in conjunction with the Union Pa c ific .-V . 62, p. 94; V. 81. p. 118. West Chicago Street RR.—A n n u a l S ta tem en t. —In advance of the annual statement, which will be published in the Chronicle next week, the following figures for the year 1895 are of value : Philadelphia k Kaadisg R R —Large Deposits.— The de posit* with J. P. Morgan & Co. of stock and income bond* under tbe plan of reorganization aggregate betwe-n 85 and 90 per cent of the entire amount outstanding. Th**re have also been large deposits of gen* rai mortgage bonds. The success Gross Set Charges Dividends of the plan is considered awur-d. Tear. earnings, earnings. paid. paid. Balance. Intervening Petition—At Pnlidelphia on Wedneslay a 1895 . . . $ 4 ,2 0 1 ,4 7 7 *1 .9 3 4 ,2 8 2 $ 9 0 2 ,0 1 6 $ 7 9 1 ,3 4 0 su r.$240,926 1 891........ 4 ,1 9 1 .2 3 7 1,662,610 859,471 1,184,298 def. 381,159 petition was tiled in the United State* CircuP Court asking In 1894 dividends aggregating 9 per cent and in 1895 6 per that James Marvick. William W Kurtz and J icob O. Field, the respecive holders of 500 share*, 3.0T0 shares an l 3,000 cent were paid on the stock.—V. 61, p. 518. Wisconsin Central—R eo rg a n iza tio n . —The preliminary shares of the stock be allowed to intervene in the foreclosure suit. The petitioners desire to raise the question that the plan was unanimously approved at the meeting on Tuesday —■ V. 61, p. 1023. Court has not jurisdiction ia the cause, &c.—V. 62, p. 86. THE CHRONICLE. 140 (V ol . LXII, C O T T O N . T h e C o m m e r c ia l 'Jgunes. C O M M E R C IA L T h e M o v e m en t E P IT O M E . F kidat Nioht, January 17,1898. The movement of general merchandise is increasing slowly. The inquiry i3 principally for thoroughly staple goods and confined as closely as possible to quantities adapted to natural early requirements, merchants still hesitating about becom ing involved in extensive obligations. A continued measure of uncertainty in reference to the financial outlook serves as a check upon general trade development and contracts specu lative dealings in leading commodities to narrow compass. The quantity of grain coming into sight at the West is falling away somewhat, but still shows considerable excess over the movement at corresponding time last year. There has been a decrease in the output of flour at Western milling centres, partly in consequence of unsatisfactory water power. Cured meats have strengthened in value upon the stimulating influ ence of small receipts of swine at packing centres. Variable temperature is reported from winter-wheat localities, without claims of serious damage. Busi iess in the market for lard on the spot has continued moderately active and prices have again advanced, closing firm at D-9bc. for prime Western, 5-4iic. for prime City and 6-20c. for refined for the Continent. There has been no trad ing in the local market for lard futures, but nominal prices have been quoted higher, in response to stronger advices from the West, where there has been moderate buying, prin cipally by “ shorts” to cover contracts, stimulated by light receipts of swine at primary points, closing firm. D A n /r Mon. 5-65 Toes. 5-70 TFed. 5-80 IKnr. 5 90 fv.5-90 Pork has been in moderate demand and prices have fur ther advanced, closing firm at $10 50@$10 75 for mess, $10 50 @$11 for family and $11@$12 50 for short clear. Cutmeats have had a Ji nited call at firmer prices, closing at 5@5J£c. for pickled bellies. 12@10 lbs. average, 4^o. for pickled shoulders and 8J^@8J£c. for pickled hams. B:ef has been quiet and unchanged, closing at $7 50@$8 50 for ex'ra mess, S>9@SiO for packet,$I0@$!3 for family and $L6@$18 for extra India mess. B ef hams have advanced, closing steady at $15 50@$16. Tallow has been in limited request and steady, closing at 3Jj|c. Oleo stearins has been quiet but the close was firm at 5c. Lard-stearine has advanced, clos ing steady at 6%o. Cotton seed oil has also advanced, and the close was firm at 28}.£@29c. for prime yellow and 21@ 243V 2 C. for prime crude. Butter has been dull and weak, closing at 15@23c. for creamery. Cheese has been been mod erately active and steady, closing at 7}^@10%c. for State fac tory, full cream, fresh eggs have further declined and the close was weak at 18c. for choice Western. Coffee lias moved fairly, but principally under forced sales, and the influence upon values was depressing, although not leading to further serious decline. ■- Rio quoted at 14c. for No. 7, good Cucuta 17}^c. and standard quality Java 25i£<J26c. Dealings in contracts for future delivery were slower with out radical fluctuations in price, but at' the close the tone is weak. The following were the final asking prices: Jan................... 13-350. I April................12-90O. I July................. 12-30o. Feb.................13-130. M a y .......................1 2 -6 5 o . Aug............. 1 1 -950. March............... 13-10o. 1June................. 12-40c. |Sept................ll-80o. Raw gugarB have been very quiet and somewhat nominal as to value, although as a rule importers refused to grant concessions. Centrifugal quoted at 3%o. for 96-deg. test and muscovado at 3%c. for 89-deg. test. Refined sugar dull, with tone slightly weak; granulated quoted at 4 15 16c. Teas easy, and offered freely at auction. Kentucky tobacco has been firm; the stock of desirable grades has been absorbed and the amount of business trans acted has consequently been small. Seed leaf tobacco has been in slightly better request and steady; sales for the week were 1.000 cases, as follows: 200 cases 1894 crop, New Eng land Havana, 10@16c.; 75 cases 1894 crop, New.England seed leaf, 19@23c.; 50 cases 1892 crop, New England Havana, 30@ 40c.; 50 cases 1892 crop, Wisconsin Havana, 12@15o,; 300 cases 1893 crop, Wisconsin Havana, 6@8c.; 125 cases 1894 crop. Pennsylvania seed leaf, 8 @ llc.; 150 cases 1892 crop, Pennsylvania Havana, lO^c., and 50 cases 1893 crop, Zim mer’s, l l ’^c.; also 600 bales Havana, 6Sc.@$l 05, and 140 bales Sumatra, 60c.@$2 60 in bond. The speculative dealings in the market for Straits tin have been quiet and prices have weakened slightly, closingatl3 05c. Ingot copper has continued to sell slowly, and prices have made a slight further decline, closing dull at 9-75®0 85c. for Lake. L<-ad has been quiet, but prices have been steady, clos ing at 3@302>^c. for domestic. Spelter has been neglected and quoted nominally at 4c. for domestic. Pig iron has been quiet and easier, closing at $11 75@$13 50 for domestic. . Refiaed petroleum has been quiet and easier, closing at 7 -90c. m bbls., 540c. in bulk and 8-65c. in cases; crude in bbis. has been nominal; naphtha unchanged at 8-25c. Crude certifi cates have declined, closing at $ 1 44 bid. Spirits turpentine has further advanoed and the close was firm at 32@32Vc, Rosins have been dull and weak at $1 60@$1 62J^ for common and good strained. Wool has been in increased dem :nd and firmer. Hops have been dull and weak. F r id a y N i g h t , January 17, 1896. C r o p , as indicated by our telegrams from the South to-night, is given below. For the week ending this evening the total receipts have reached 119,837 bales, against 135,333 bales last week and 170,324 bales the previous week, m iking the total receipts since the 1st of Sept., 1895, 3,799.82 '>bales, against 5,805.504 hales for the same period of 1894-5, showing a decrease since Sept. 1,1895, of 2,005,679 bales. Receipts at— Sat. Galveston........ Tex. City, Ac. New Orleans... Mobile.............. Florida............. Savannah ........ Bransw’k, &c. Charleston....... Pt. Royal, &e. Wilmington__ Wash’ton, etc. Norfolk.............. 4,643 ...... 5,222 720 ____ 7D0 ...... Mon. Wed. Thurs. Fri. Total. 2,937 2,634 1,681 300 2,056 3,783 11,060 534 259 16,894 5,050 39,158 ...... 6,643 2,514 8,650 2,846 __ 1,289 .......... ........... 2,926 2,520 2,037 8og 1,047 1,378 2,694 4,100 1,14 8 192 3,291 1,698 388 3,630 580 17 1,258 .......... 340 ...... Tues. 3,621 387 359 ..... ...... 567 1,032 431 .......... .......... .......... .... 2,635 73 2,553 203 3,751 766 1,986 613 1,337 742 487 616 1 ,1 1 7 ...... ........... ...... .......... 468 633 956 8,021 192 12 ,8 13 1,698 3,327 3,680 3 ,7 11 17 13 ,13 9 1,750 976 2,570 5,028 1,269 544 976 N ’port N., &c. Boston.............. Baltimore........ Pbiladelpli’tt,<fec 24 26 50 932 617 1,13 2 ...... .... lto 150 618 1,269 184 ToPls this week 17,079 18,455 24,870 15,092 20.870 23,471 119 ,8 37 The foil >wing shows the week's total receipts, th t total since Sept. I, 1895, and the stock to night, compared with 1 ist year. o l o s ix o p r ic k s o f l a r d f u t u r e s . Sal. -January...... ..................o. 5-75 op the Receipts to Jan. 17. 1895-96. Stock. 1894-95. This SinceSep. This SinceSep. Week. 1, 1895. Week. 1, 1894. Galveston... 16,894 726,984 72,332 Tex. C ..& 0. 5,050 Now Orleans 39,158 1,267,302 8,021 147,878 Mobile......... 19,816 192 Savannah ... 12,813 557,314 89,512 Br’ wick, &e 1,698 Charleston.. 3,327 221,340 41,473 F. Royal,&e 3,630 Wilmington. 3 ,7 11 140,654 696 Wasli*n,&c. 17 Norfolk........ 13 ,139 217,935 West Point.. 1,750 134,720 11,9 10 N ’p’t N., &c 976 28,132 New Y o rk ... 2,570 Boston.......... 69,597 5,028 1,269 2 7 ,114 Baltimore... 544 2 5 ,116 Philadel.,&o. 50,170 1,353,043 783 46,036 69,648 1,335,02 1 5,938 178,888 209 16,909 16 190 733,651 4,264 119 ,13 0 8,451 333,353 7 888 95,768 4,180 208,328 15 849 1 1 469 356,015 7,346 225,303 469 30,376 6,447 86,419 40,884 3,165 7 1,2 2 1 6,928 6,243 74,269 1896. 1895. 113 ,8 3 1 15,8 19 332,06) 40,896 244,410 90,911 2,013 46,337 96,190 4,800 66,199 25,357 15,469 328,128 33,936 .. .. 60,057 8,796 2,022 193,800 34,000 23,103 9,877 58,283 21,378 2,320 129,798 38,000 23,096 10,492 T o tals....... 119,837 3,799,825 209,80615,805,50 i l l , 049,418 1,077,504 In order that comparison may be made with other years, we give helow the totals at leading ports for six seasons. Receipts at— 1896. 1895. 1S94. 1893. 1892. 18 91. Galves’n &c, New Orleans Mobile........ Savannah... Chas’ton, &c Wilm*ton,<fec Norfolk....... W. Point, &c. All others... 21,944 39,158 8,021 12,8 13 7,007 3,728 13 ,139 2,726 11,3 0 1 50,953 69,648 5,933 16,190 16,342 4,195 11,469 7,815 27,256 22,933 50,701 6,551 24,633 7 ,119 6,562 12,304 6,055 22,914 20,132 50,018 2,571 10,206 2,167 1,043 3,853 2,303 8,944 17,335 43,407 2,404 9,819 4,351 1,395 6,494 5,039 12,241 15,997 67,753 8,472 22,508 12,784 6,343 16,553 9,701 18,767 Tot. this wk. 119 ,8 37 209,806 159,917 10 1,737 102,633 178,943 Since Sept. 1 3799,825 5805,504 4642,692 3909,139 5296,933 5066,556 The exports for the wees ending this evening reach a total of 155,774 bales, of which 97,651 were to Great Britain. 3 1,293 to France and 21,837 to the rest of the Continent, Below are the exports for the week and since September 1, 1895. Exported to— ’ Exporr.ed to— Great France Conti Total Great Prance Conti Total Brit'n. nent. Week. Britain. nent. Exports from— G alveston...... 31,08 7,648 Tex. City, &c.. 5,398 Now Orleans.. 34,689 22,971 Mobile <k Pen. Savannah ...... Brunswick...... 5,214 Charleston*.. 3,470 W ilm ington... 1,770 150 38.883 427 5,825 4,205 01,925 1,945 West P oint.... N’ p’t News, New Y ork ...... 5,214 3,470 1,770 1,945 &c Baltimore-----I*hlladelp’a,&c T otal............ 3,416 13.702 500 504 11,132 15,452 225 5,339 5,899 1,344 1,344 280,422 79,011 17,526 2,550 344,933 218.927 46,303 35,386 20,349 37,380 62,543 28,231 1,770 9,939 5,407 120.400 13.82) 30,832 1,674 950 97,064 33,293 24 827 155,774 1,173,700 313.978 107,308 22,691 2 >3,495 15,002 180,005 15,195 115,274 73.544 3,223 114,98 34,170 13,557 473,341 42,067 847,355 01,425 212,340 52,581 177,817 103,545 20,779 9,930 5,407 255,20 L 118,591 71,952 15,23 L 980,478 2.498,162 Total. 1894-95. 131,4261 43,488 03.3*3 2 !7.287 2,0-0,387 563,875 1,535,504 4,198,764 * Including Port Roytu. THE CHEONICLE, January 18, 1896.] In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at toe ports named. We a id similar figures for New York, which, are prepare 1 for our special use by Messrs. Lambert & Barrows, Produce Exchange Building. OS SniI'BOtRD, SOT CLEAREIl FOR— Jan, 17 at— 1 Other Great j Britain. France. Foreign 50,105 325,964 23,233 | 35,598 3.000 ! 82,911 4,300 i 42,537 10.000 ; 30,896 22.000 , 38,057 14.900 178.900 50,000 | 71,017 83,218 ; 10.645 : 72,207 ] 17,463 193,333 855,SSO Total 1893...'■172,773 29,807 111,523 16,019 1330,223 Total 1894... 104,127 i 28,135 | 69,572; 0,548 ! 211,432 727,282 895,541 Total 189(1.. The Sales and P rices of Futures at New York areshown by the following comprehensive table. ! Leaving ; Stock. Coastwine. ! Total. 616 New Orleans...! 23,535 7,4111 24,493 Galveston....... 8,433 [ 2,934 10,264 6,552 i None. , None. : 8,000 Nnn<*. Savannah....... 300 Charleston.. ..j Non.-, i None. ; 4.000 4,000 None. : 6.000 1 None. Mobile ............ ! Norfolk...........i 10,000 None. ; 2,000 10,000 8,200 250 6,450 None.! New York...... Other ports__ 29,000 None.; 21,000 | None. [ 141 Spx cut ition in cotton for future delivery at this market has again been upon a limited scale. Orders from outside sources were exceedingly scarce, and a large portion of the trading was between local operators for quick turns. Many engage ments for the next t * o months have been switched forward into later positions. Daring Saturday the movement was principally in way of settling small deals, with longs s -lliog out in the m roiog, causing a drop of 6 points, followed by recovery to 2 points net loss on covering demand. Daring Monday and Taes lay there were numerous fluctuations in price o f a moderate character, but in the main a weak undertone prevailed under pressure to rf aims upon long engagements. 0 a Wednesday the offering became quite liberal in conse quence of leas promising advices from Europe, and cost dropped 7@8 points. At that decline, however, the market became somewhat oversold., and yesterday after an opening lo*8 of 2 points quite a smart demand to cover stimulated a net gain of 7 points. To day’s market opened a shade firmer, but under influence of larger crop movement than expected closed easy at a points decline. Cotton on the ,pot has been moderately tetive clewing at 8 8-18c, for middling uplands. The total sales for forward delivery for the week are 788 800 bales. For immediate delivery the total sates foot up this week 8,793 bates, including 1,709for export, 793 for consumption, — for speculation and 1,300 on contract. The following are the official quotations f jr each day of the past week— January 11 to January 17. Hates on and off middling, as established Nov. 23, 1.898, and revised Dec. 11,1895, by the Revision Committee at which grades other than middling may be delivered on contract: Fair .................... . . . . 0. m on. Middling Fair. ............... % on. Strict flood Middling...... >-j on. Good Middling, ............ ?»,, on. Strict Low Middling....... 3i» off. Low Middling................. off. Strict Good Ordinary...... >*,*oB- Uno'l Urdtnary............. o. 1 off Good Middling T i n g e d . E v e n Strict Middling Stained.. Tj, ofl Middling Stained ........... % oB Strict Low Sf14. Stained., or! Low Middling Stained__ 1>4 o# On this basis the prices for a few o f the grades would be as follows. UPLANDS. Goad Ordinary . . . ......... Lew MI*W1la MidfUJesj ’ . ,**...... Good Middling. ... . . ... . .. . .. Hl&diln* F air...... ... ... . .. . . GULP Bat. j Tloti T « c » W e4 T h . F t! 73,, 7 h 7»t« 7% * » ., BH 8\ ■ 8'm fri * Sat, M o b 1*4 8J „ 8>v 9I-, i8*3 ‘;r Th, Fr Good Ordinary..... ............... Low VL idllag ...... .............. . g ; Middling ................. ............... Seed Middling. . . . . . . . . . . . . . . . . Middling Fair ............ ..... §7,# STAIN ED. Sat, 7* * 7 ’3,. 1*1 8’ « s% S'* SH A 91 » T o e , W ed Zfi« '■* 7h 7b« 77»a n u 551« S*i8. fit# Hh, Ml « ^ B h* 8*,d 8*«t 3% g‘ i« 9*«A 9'-\* f*i« 0S-j a .11<>II T llM W m d T h . F n 6*% Low Middling*..__ . . . . . . . . . . . 7L* 7 71? a MMkliing.... ......................... 7**i* 7?i 7i d* ... . ..... , .... 8‘7 g i \ i 7 -n 't 7 « , 3 7«»* Good Middling B iiW 'i........ 8«.» »*4 3-h<s 8V MARKET ASP SALES, 71' & The total nates of cotton on the spot and for future delivery each day during the week are indicate 1 in the foflowing statement. For the convenience o f the reader we also add a column which shows at a glance how the market closed on game days. ; *jhOf MAMKU1 j <5M3»Kl>. 8a$*iloj •tsuit Monday. qm n ... ...., i „ dr-r dee Tom tit*?'*4»itet at T l i f i r ' d . ...... Friday, .[quiet & steady Total J ...... SALES o r SPOT AND CONTRACT. port. i Con- |8pm- Con- j ffiwp, \nTCn tract. |Total. Sales o f Future*. tool Son; 500 156 107 70 113) 123) 153; ... ... .... .... .... .... 150 700j 1,1*17 70 sir. 600 823 633 .... 38.300 110,100 100,900 178,500 191.700 123,100 1,700 7m l .... 1,3001 3,793 768,600 300 " fn e u d f-- in S ep tem b er, fo r S e n t e m b e r , 1 5 .1 0 ; S ep tem b er- October, for October. '.1 •*.'>’ » ; September-ttoveaMr, (or November, •U7 , 2 0 0 : S e p t i- n b e f - O e e c r n h e r , f r D e c e m b e r , 1 , 0 0 7 . 2 0 0 . FB*" We have included in the above table, and shall continue each week to give, the average price of futures each day for each mouth. It will be found under <■h-Uday following the abbreviation “ Av’ge.” The average for each month for the week is also given at bottom of table. For exchanges see page 141. Thf, V isible Su p p l y o f C otton to-night, as nude up by cable and telegraph is ns follows. The Continental stocks, as well as those for Great Britain and the afloat are this week’s returns and consequently all the European figures are brought down to Thursday evening. But to make the totals the complete figures for to-night (.Tan. 17), we add the item of exports from the United States, including in it the exports o f Friday only: 142 rvoL. THE CHRONICLE. 1893. 1894. 1895 1896. Stock at Liverpool........bales. 1 ,1 1 1 ,0 0 0 1 ,4 2 7 ,0 0 0 1 ,507,000 1 ,6 37,000 Stock at London......................... 6 .0 0 0 6 ,0 0 0 7 ,000 4 .500 t Britain stock. 1.1 l :.'»<>*> 1,433.000 1,51 l.uoo 1,041.500 2,000 20,000 20,000 Stock at Ham burg.................... 23,0 0 0 145.000 229.000 Stock at Bremen........................ 240,000 2 85.000 18,000 15.000 15.000 Stock at A m sterdam ................ 8,000 300 200 200 Stock at Rotterdam .................. 200 5.000 13.000 10.0 00 Stock at Antw erp...................... 16,000 Stock at Havre............................ 3 05,000 467.000 4 18.000 401.000 8.000 6,000 6,000 Stock at Marseilles.................... 6,000 75,0 0 0 56.000 72.000 Stock at Barcelona................... 72,000 6,000 13.000 24.000 48,000 Stock at Genoa........................... 18.000 ___ 8,000 17.000 Stock at Trieste.......................... 1 6 ,0 0 0 __________ 788 ,2 0 0 6 6 8 ,3 0 0 Total Continental stocks.. 7 3 4 ,2 0 0 9 1 6 ,2 0 0 _____________________ Total European 1,851,200 2 ,349,200 2 , 30 2,20 0 2,309,800 India cotton afloat for Europe 124,000 23,000 83,000 84,000 Amer.cotton afloat for Europe 3 72,000 776 ,0 0 0 5 90,000 E gypt,Brazil.Ac.,afltfor E'pe 51,000 5 5 ,0 0 0 69,0 0 0 §3 .0 0 0 Stock in United States port* . 1,049.418 1 ,0 7 7 ,5 0 1 1 ,1 0 6 ,9 7 3 1,089,385 Stook in U. S. interior towns.. 552,608 530,024 432,721 4 4 6 ,6 /2 United States exports to-day. 64,776 ___3 4 ,925 3 4 ,0 0 9 11,224 > ............ 4 .0 6 5 ,0 0 2 4,8 4 5 ,6 5 3 4 .617,903 4 ,3 69,081 Of the above, totals of American and other descriptions are as follows: A m er ica n — Liverpool stock.............. bales. 92 5 ,0 0 0 1 ,277,000 1 ,261,000 1,420,000 Continental stocks.................... 664 ,0 0 0 8L0.000 687,000 578,000 American afloat for E urope.. 3 72,000 776 ,0 0 0 590,000 375,000 United States stock.................. 1 ,0 4 9 ,4 1 8 1,077,504 1,106,973 l,0 8 9 ,3 8 o United States iuterior stocks. 55 2 ,6 0 8 530 ,0 2 4 432 ,7 2 1 416,672 United States exports to day. 64,7 7 6 34,925 34,009 11,224 Total A m e ric a n .................3,6 2 7 ,8 0 2 4,5 0 5 ,4 5 3 4,1 1 1 ,7 0 3 3 ,9 20,281 E a s t I n d i a n , B r a z il, <£c.— Liverpool stook........................... 180 ,0 0 0 1 50,000 246 ,0 0 0 217 ,0 0 0 London stook................................ 6 ,000 6 ,0 0 0 7 ,000 4 ,500 Continental stocks..................... 7 0 ,2 0 0 10 6 ,2 0 0 101 ,2 0 0 90,3 0 0 India atloat for Europe............ 124 ,0 0 0 2 3 ,0 0 0 83,000 84,0 0 0 Egypt, Brazil, Ac., afloat.........._ 5 1,000 55,0 0 0 6 9 ,0 0 0 53,0 0 0 Total East India, &c.......... 4 3 7 ,2 0 0 3 4 0 ,2 0 0 5 0 6 ,2 0 0 4 4 8 ,8 0 0 Total Am erican................... 3,6 2 7 ,8 0 2 4 ,5 0 5 ,4 5 3 4,1 1 1 ,7 0 3 3,9 2 0 ,2 8 1 Total visible su p p ly ............4,0 6 5 ,0 0 2 4 ,8 4 5 ,6 5 3 4,6 1 7 ,9 0 3 4 ,369,081 5 :1,,d . Middling Upland, Liverpool.. 31., d. 4%d. 9380. Middling Upland, New York. 83,. c. 53ic. 8e. 5Std. Egypt Good Brown, Liverpool 4 Sad. 53sd. 6tid. IVniv. Rough Good, Li verpool 6%d. 6d. 5%d. ®TiadBroach Fine, Liverpool........... 5 7 ,8d. 4o,nd. 33, t d. 4»„.d. 5%d. Tiunevclly Good, Liverpool.. 4kid. 33.. d. 4 7 ,fcd. __ ’ The imports into Continental ports the past week have been 135,000 bales. The above figures indicate a decrease in the cotton in sight to-night of 730,651 bales as compared with the same date of 1895, a falling off of 552,901 bales from the corresponding date of 1894 and a decrease of 304,079 bales from 1893. A t t h e I n t e r i o r T o w n s the movement—that is the receipts for the week and since September 1, the shipments for the week and the stocks to-night, and the same items for the corresponding period of 1894-95—is set out in detail below. Q u o t a t io n s for M id d l in g C otton at Other M l x ii , arkets. — Below are closing quotations of middling cotton at (Southern and other principal ootton markets for each day of the w eek . I J a n . 17 CLOSING QUOTATIONS FOR MIDDLING COTTON ON— S a tu r . G alveston. . New Orleans M ob ile......... S avannah... Charleston.. Wilmington. N orfo lk ........ B oston......... Baltim ore. . Philadelphia Augusta____ Memphis___ St. Louis___ H o u ston ___ Cincinnati.. Louisville... M on. W ed n cs. T u cs. 71316 7 7a 7 7h 73i 7:h 7% 7 7s 71*16 7 78 7 7s 711.6 73, 73, 7 7a 7 7a 713,6 7 7s 73, 73, 7 78 7 78 8>s 8»ie 8 7 7q 7 7s 710,6 7 78 8% 8% 8ia 7 7a 7 7s 7 78 715,0 7 7e 8is 8 ia 8 7, 6 7 7s 7 78 7 78 715,8 7 78 8’s 814 F in . T h u rs. 713,6 713,6 713,„ 711,6 7% 7 7s 7 78 83 6 8i« 713,6 713.6 7 -3,6 713,6 73, 7*8 734 7 78 7 '8 8 3 ,0 8is 8 7,e /3 l 713,6 7 '3 „ 713,6 7 7a 8is I 7! ” 7'*16 73, 713,B 7 78 7 7s 8% 734 7 ‘ i,e 711,6 734 7 '8 83,6 8 34 87,6 734 7*3,6 713,6 7 l *16 7 7s 7 78 The closing quotations to-day (Friday) at other important Southern markets were as follows. A tla n ta ............. Columbus, G a. Columbus, Miss Eufaula............. 7L, Little Rock— 73s M ontgom ery... 7'3s N ashville........713 Natchez............ 73s 7 11,6 New berry.......... R aleigh ............. Selma.................. Shreveport........ ______ 7^8 7\ 7 7s 7*8 P l a n t a t i o n s . — The 73s following table indicates the actual movement each week from the plantations. The figures do not include overland receipts nor Southern consumption; they are simply a statement of the weekly movement from the plantations of that part of the crop w h ic h fin ally reaches the market through the outports. R e c e ip t s from the Week Receipts at the Ports. St'k at Interior Towns. Rec’pts from PlanVns. Ending— 1 89 3 9 4 ' 189 4 -95 1 89 5 -96 1 89 3 -94 1 89 4 -95 1 89 5 -96 1 89 3 -94 1 8 9 A 8 5 [1 89 6 -96 • D e c . 1 3 ........ 3 0 0 ,3 9 2 3 6 3 .1 3 0 2 34 ,0 5 9 4 68 ,9 66 5 0 1 ,6 0 6 5 5 0 ,3 7 2 3 2 7 ,6 3 8 3 8 0 ,7 1 9 '2 5 7 ,7 4 8 •* 2 0 ......... 2 9 1 ,9 7 5 '3 5 9 ,6 9 8 2 2 2 ,7 8 3 4 8 6 ,1 5 9 5 6 8 ,8 2 9 5 8 5 ,3 3 2 3 0 9 ,1 6 8 4 2 6 ,9 2 1 2 5 1 ,7 4 3 2 7 ......... 2 6 0 ,1 4 0 3 1 2 ,7 9 7 2 23 ,9 4 9 4 9 2 ,4 3 0 6 0 9 ,0 0 4 5 9 6 ,8 2 2 2 06 ,4 1 1 3 5 2 ,9 7 2 2 3 5 ,4 3 9 Jan. 3 ......... 1 9 0 ,7 0 2 2 5 1 ,8 5 4 *1 76 ,3 2 4 4 8 1 ,9 7 7 6 0 0 ,9 5 6 5 8 3 ,6 6 3 1 8 0 ,2 4 9 2 43 ,8 06 i 1 6 3 ,1 6 5 “ *' 1 0 ......... 1 3 4 ,8 1 3 ,2 0 7 ,7 4 6 :1 3 5 ,3 2 2 4 5 1 ,1 2 1 5 6 8 ,6 5 1 5 6 5 ,4 1 0 1 0 3 ,9 5 7 1 75 ,4 4 1 1 1 1 7 ,0 0 9 1 7 . . . . . 1 5 9 ,9 1 7 2 0 9 ,8 0 0 ! 1 19 ,8 3 7 4 3 2 721 5 3 0 ,0 2 4 5 5 2 ,6 0 8 1 4 1 ,5 1 7 1 7 1 ,1 7 9 1 1 0 7 ,0 3 5 The above statement shows: 1.—That the total receipts from the plantations since Sept. 1,1895, are 4,319,733 bales; in 1894-95 were 6,278,193 bales; in 1893-94 were 4,999,247 bales. 2. —That although the receipts at the outports the past week were 119,837 bales, the actual movement from plantations was only 107,035 bales, the balance being taken from the stocks at the interior towns. Last year the receipts from the plantation s for the week were 171,179 bales and for 1894 they were 141,517 bales. O ver lan d M ovem ent for th e W eek and S i n c e S e p t . 1 .— We give below a statement showing the overland movement fo, th1 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 of course supplementary to the more extended monthly statements. The results for the week ending Jan. 17 and since Sept. 1 in the last two years are as follows. 1895-96. J a n u a r y 17. to CflCCCO M O O I C C ^ 1 15“7 ^ w „ W ee k . „ o © © © O, w #. es o * a o, do03 0: ii o, S 5 03 2 £ r7® 15>7 to© tv >**■co © co cc x cp x it- cs o* ® in to to © i-* S h ip p e d — Via St. L o u i s ..................... Via Cairo............................. Via Parker City................. Via Evansville.................... Via Louisville..................... Via Cincinnati.................... Via otlier routes, A c......... U,Cv>**H*C7MM1C»-*r-*CO£«.CJ*tpA10 tOtOC5 iCa£>■ -t,h.t.*,..q.r. r i'* 5^5°cjcjtocccccoocjcoto^m ^bbcob'.ibbbNi ««,«i 0 ^ w *'3OC5C0aOOy0DQUi‘ l'3<l*i0i05'v:C;-'t0ab to to X ^ ~ ^ .0 5,1- . . , X ^ ^ to »&■-*>-* tot: to - i Oi tO O' © M X X o ' a V m -q (fa M iM - w J '--OXffioSw’ Q0«O^JO'<l*'ja0t0Ot0CC'ft*OCCC5OO^- '‘ CO C* —1 1—‘ to - tO M i& f ______ _ tO C t>Jj” . _ <1 O Cl to ® v j COO 05 to -1 P-1o ■»**O to to O 0 ; h-> t*. CO05 <1 X <1 M *“'^’OC0"SJ*—tOC*bO•“4'■l<^i»kCiCOCOCOO 'OOSCJl«0,L»fl!sCi3men *-o ic m S S ^ S o2- 1 .................................. S S s s 5 S g a a 5O iig s s gO| S | 5 g g g 8C 8 g g 'S SCO %M 'SO CHO^OkJCOt C»^ldO OXC»050-A4tO 5ClCO OO'S OtO O r - * CO® to ^ tO <J; <J OtOtOMp W p lM M tO 10 2 X*“•! toCOClt o x o W : V ^ X M <1V V V c C C O t O < J <J 05 CO S Sts M05O tv• ^too^ooto-vito: -JC»TO05•-*tOtOO• XCStOtOif^Xif-.CiOOCiCiMCOCJtv ■S-S-3 tO * .r -* t O p S ;£? M t 2 2 2 7*2 2 S CO a) p—i ^4 ,7 , ■r,- .a Lg lj 1 8 94-95. W ee k . a«\ W j O p p p p C O C 5 M C 2 v I C ^ a. 1 0 0 5 C C C ^ U ^ S 95to x ci © ci to ow VM VsiV^VtoVto^Vocji S in c e S ep t. 1. 616,895 233 ,3 5 6 2 0 ,2 3 0 2 ,4 1 4 119 ,7 4 7 112 ,1 2 0 9 7 ,6 5 4 20,8 9 1 8,5X9 600 2,198 2 ,643 3,792 3 6 3 ,9 3 4 169,888 12,451 45 93,3 9 4 54,262 56,241 22,633 750 ,2 1 5 40,1 9 1 1,2 0 2 ,4 1 6 6,415 7,297 288 3 ,375 3 ,102 4 ,304 D ed u ct sh ip m e n ts — ........... OCipW 5? 2 2 P t o 00 05 0 1 ^ C l © <J t o C l’ to 01 wcoV x V o co **C0OtDOrf^C«t0<005 6 8 A S 8 8 o S i 8 “ 3 e “ §ggK £5?2i;K 2!£2S 8 ■*O05tDCSS 0O*^M 05OiOS t0O Xo c Total gross overland............... S in c e S ep t. 1. Overland to N. Y ., Boston, &e. Between inteiior towns............. Inland, Ac., from Sontb............. 9,411 79 503 149,959 .22,7 3 3 304 2,389 27,6 9 2 1,540 2 7 2 ,7 9 3 15,435 43,5 6 9 Total to be deducted............... 9,993 18 0 ,0 4 0 24,6 2 7 331,797 5 70,175 15,564 87 0 ,6 1 9 12,640 Leaving total net overland*. * Including movement by rail to Canada. The foregoing shows that the week’s net overland movement this year lias been 12,643 bales, against 15,564 bales for the week in 1895, and that for the season to date the aggregate net overland exhibits a falling off from a year ago of 300,444 bales. In Sight and Spinners’ Takings. 1895-96. W ee k . S in c e S ep t. 1. 1894-95. W ee k . S in c e S rpt. 1 . 119,837 3 ,799,825 209,806 5,8 0 5 ,5 0 4 Receipts at ports to Jan. 17 12,640 570,175 15,564 870,619 Net overland to Jan. 1 7 ........... 361 ,0 0 0 Southern consumption to Jan. 17 20,000 404 ,0 0 0 15,000 Total m arketed............ Interior stocks in excess. 152,477 4 ,774,000 240,370 7,0 3 7 ,1 2 3 *1 2 ,8 0 2 519,908 * 3 8 ,6 2 7 4 72,689 O C 0 J i - J O O i f k v i y i Q i o o o H 1*-J O 05 O X C H* O it- IO Cl * Louisville figures “ n e t” in both years. t This year’s figures estimated. 1 Last year’s figures are for Columbia, S. C. The above totals show that the interior stocks have decreased during the week 12,802 bales and are now 22,534 bales m ore than at same period last year. The receipts at all the towns nave been 59,898 bales less than same week last year and since Sept. 1 are 1,549,771 biles less than for same time in 1894-95. Came into Bigbt during week. 139,675 201,743 7,5 0 9 ,8 1 2 Total in sight Jan. 1 7 ............. 5 ,293,908 North’n spinnerstak’gs to Jan. 17 * Decrease during week. 46,846 1,090,491 54,262 1 ,511,733 It will be seen by the above that there has come into sight during the week 139,675 bales, against 201,743 bales for the same week of 1895, and that the decrease in amount in sight to-night as compared with last year is 2,215,904 bales. J a n u a r y 18, 1886 J THE CHRONICLE. Madison, F lo rid a .—We have had rain on two days of the week, the rainfall reaching one inch and eighty hundredths. Average thermometer 51, highest 67 and lowest 30. Columbus, Georgia.—W e have had rain on one day of the week, the rainfall reaching one inch and ten hundredths. The thermometer has averaged 44, the highest being 66 and the lowest 33. Savannah, Georgia.—There has been rain on two days dur ing the week, to the extent of two inches and fifty-three hun dredths. The thermometer has averaged 49, ranging from 35 to 67. Augusta, Georgia.—Rain has fallen on one day of the week to tbe extent of one inch and thirty-seven hundredths. The thermometer has ranged from 29 to 63, averaging 45. Charleston, South Carolina.—It has rained on two days of the week, the rainfall being one inch and thirty-nine hun dredths. The thermometer has ranged from 36 to 63, averag ing 49. Stateburg, South Carolina.—There has been rain on one day during the week, the rainfall reaching forty-three hundredths of an inch. The thermometer has averaged 43 2, the highest being 62 and the lowest 29. Greenwood, South Carolina.—Rain has fallen on two days of tne week to the extent of one inch and forty-eight hun dredths. Average thermometer 33, highest 48, lowest 18. Wilson. North Carolina —It has been dry all the week. Average thermometer 39, highest 54, lowest 24. The following statement we have also received by telegraph, showing the height of the rivers at the points named at 8 o'clock January 16, 1S96, and January 17, 1895. Jan. 16, '96. Jan. 17, '95. Feet. Feet. 90 2-3 8-5 170 48 30 3 4*2 9*2 22-3 40 New Orleans..... Memphis............. Nauhvlllo............. Shreveport........ Vicksburg.......... J ute B utts , B a g g in g , & c .— Jute bagging has been inactive during the weelc under review at 3 7go. for 1?^ lbs., 4>^o. for 2 lbs. and 4r'^c. for standard grades. Car-load lots of standard brands are quoted at 37g ;. for 1?^ lbs . for 2 lbs. and l^ c . for loe. f. o. b. at New York. Jute butts have been neglected nut are no-niaally unchanged in price at 1 l-16c. for paper quality and 1’ jC. for raixiug. I ndia Cotton Movement F rom a l l P orts .— The receipts and shipments o f cotton at Bombay have been as follows for the week and year, bringing the figures down to Jan. 16. BOM BAY It S C R I P T S IS O S H IP M E N T S F O R F O D K T E I Rft. Shipments this week Shipments s nee Sept. 1. 1 Receipts. 8ince 1ear Great Conti Great Conti _ , , Thin Total. Total. Week. Sept. 1. Britain nent. BriCn nenf. 93-6 6,000.36,000 12,000 12,000 184.000 1,000 39.000 1 '• .................................. •93-4 .... 17,000 17,000 10,000 152.000 147.000 H.000 •92-3 1,000 7,00 ) 8,000 196.000 61.000 40,000 35,000 162.000 16,000 155,000 40,000 617.000 214.000 375.000 335.000 According to the foregoing Bombay appears to show an increase compared with last year in the week's receipts of 26,000 bides and an increase in shipments of 42,003 bales, and the shipments since Sept. 1 show an increase of 153,000 bales. The movement at Calcutta, Madras and other Iulia ports for the last reported week and siace the let of September, for tw o years, has been as follows. “ Other ports" cover Ceylon, Tuticorin, Kurraohee and Cooonada. Shipment* since Sept. 1. Shipment*/or the week. Great Britain. Calcutta— 1895-96... 1894-95... 1,000 M rae— 189*i-96... 1894-95 All others— 1893-96... 189495... Total ell — 1895-96.. 1894-95. 1,000 Conti nent. Geeat Britain. Continent. Total. Total. 2,000 3,000 5,000 4,000 7,000 7,000 12,000 11,000 2,000 2,000 16,000 13,000 14.000 10 000 30,000 23,000 3,000 3,000 18,000 12,000 27.000 24.000 45.000 36.000 2,000 5,000 2 000 6.000 39,000 29,000 43,000 41,000 87,000 70,000 The above tot ils for the week show that the movement from the portsother than Bombay is 4,00) bates less than thesame week last year. For the whole of In lia, therefore, the total shipments sinoe September I. 193!, ant for the corresponding periods of the two previous ye are. are as follows. E X P O R T S TO EU R O P E PR OM A L L IND IA . Shipment* to all Europe from— Bombay......... 42,000 another pom* 2,000 Total 1891-95. 1895-96. This week. 44,000 since Sept. X. 190,000 87,000 283.000 A lexan d r ia R eceipts and This week. 6,000 6,000 Since Sept. 1. 40.00o| 70,000 110,000 1393-94. This | Since Sept. 1. week. !| t l W eather R eports b y T eleg r aph . —Reports to us by telegraph this evening from the South indicate that rain has fallen in almost all sections of the South during the week. TheJ temperature, however, ha3 been higher everywhere. Farm work is in progress in portions of Texas. Our Dallas correspondent states that from present indications there will be some increase in cotton acreage. Galveston, Texas—It has rained on two days of the week, the rainfall reaching eighty-five hundredths of an inch. Av erage thermometer 54. highest 66, lowest 43. Palestine, Texas.—We have had rain on three days during the week to the extent of one inch and forty-two hun dredths. The thermometer has averaged 51, highest 73, low est 31. Huntsville, Texas.—There has been rain on two days dur ing the week, the precipitation reaching one inch and ten hundredths The thermometer here has averaged 54, rang ing from 34 to 73. Dallas, Texas.—From present indications there will be some increase in the acreage of cotton the comiog season and a de crease in the area devoted to oats and corn. But little plow ing has been done since the first o f the month on account of cold and wet weather. There has been raia on two days during the week to the extent of one inch and fotty hun dredths. The thermometer has ranged from 27 to 70, averag ing 48. San Antonio, Texas.—Little farm work is being done, but the slow, soaking rain of the last few days augurs well for the future. There has been rain on three days during the week, the precipitation reaching twenty-eight hundredths of an inch. Average thermometer 57, highest 70, lowest 44. Luting, Texas.—Farmers have been busy plowing when weather has permitted. Some ice formed on the 8th. We have had rain on one day during the week, the rainfalt being thirty-eight hundredths of an inch. The thermometer hss averaged 54, the highest being 72 and the lowest 36. Colum bia. Texas.—Planters are at work plowing a n i ditch ing. Rain has fallen on one day of the week, to the extent of eighty-tbree hundredths ot an inch. The thermometer has averaged 51, ranging fiom 35 to 74. Cuero, Texas.—There has been rain on one day during the week, to tha extent of seventy huniredths of an inch. The thermometer has ranged from 44 to 74, averaging 59. Brenham, Texas.—It has rained on three days of the week, the rainfall being one inch and eighty-one hundredths. A v erage thermometer 58, highest 72, lowest 41. Belton, Texas —There has been rain on three da; s of the week to the extent of forty three hundredths of an inch. The thermometer has averaged 51, the highest being 72 and the lowest 30. Fort Worth, Texas.—The weather daring the week has been favorable for farming interests. Rain has fallen on two days, the precipitation being ninety-seven hundredths of an iach The thermometer has averaged 56, ranging from 40 to 72. Weatherford. Texas.—Favorable weather for farm work has prevailed during the week and considerable plowing for spring crops has been accomplished. It has been showery on two days of the week, the rainfall reaching seven hun dredths of an inch. The thermometer has ranged from 21 to 74, averaging 48. New Orleans, Louisiana.—The week's rainfall has been sixty-nine hundredths of an inch, on [two days. Average thermometer 56. Shreveport, Louisiana.—We have had rain on four days during the week, the precipitation reaching one inch and forty-nine hundredths The thermometer has averaged 46, the highest being 72 and the lowest 34. Columbus. Mississippi.—We have had rain on three days of the week, the rainfall reaching one inch and seventy-five hundredths. The thermometer has averaged 53, ranging from 21 to 70. Leland, Mississippi.—Rain has fallen on three days of the week, the rainfall reaching seventy-two hundredths of an inch. The thermometer hat ranged from 30 to 79, averagig 48. Vicksburg, Mississippi.—We have had rain on three days of the past week, the rainfall being ninety-two hundred tils of an inch. Average thermometer 49, highest 69, lowestSO. Little Bock, Arkansas.—It has rained on two days during the week, with rainfall to the extent of one inch. The ther mometer has averaged 42, Ihe highest being 66 and the low est 30. Helena, Arkansas —We have had light rain on five days of the week, the rainfall reaching eighty-seven hundredths of an inch. The thermometer has averaged 41, ranging from 30 to 6-1. Memphis. Tennessee.—T V re hss been rain on three days of the past week, tbe pri c-piiation reaching thirty-five hun dredths of an inch, and s d o w has fallen lightly on one day. The thermometer has ranged from 29'8 to 65. averaging 44-4. Nashville. Tennessee. —Telegram not received. Mobile. Alabama.—Rsio has fallen on two days of the past week, the precipitation being two iocbes and eighteen hun dredths. l he thermometer has averaged 51, the highest be ing 64 and the I iwest 39. Montgomery, Alabama.—It hss rained on two days of the week to the extent of one inch and eighty-nine hundredths. The thermometer has averaged 47, ranging from 38 to 55. Selma. Alabama,—There has been rain on two days during the week, to the extent o ' one inch. The thermometer has ranged from 82 to 60, averaging 45. 143 162,000 78,000 13,0001 240,000 S hipments .— Through arrange^ ments we have made with Messrs. Davies, Benachi & Co., o,; Liverpool and Alexandria, we now receive a weekly cable o the movements of cotton at Alexandria, Egypt. The following are the receipts and ship ments for the past week and for the corresponding week of the previous two years. THE CHRONICLE. 144 Alexandria, Egypt, January 15. 1895-96. Receipt* (cantars*)... This week... Since Sept. 1 180,000 1.068,000 1894-93. 1893-91, 160,000 3,268,000 230,000 3,231,000 [V ol . LXII. port In February, whilst by the end of this month Feveral thousand bales of New Broach will probably bare been shipped. Owing to the demaud of looal mills and small supplies. Barsee remains at prohibitive prices, hut receipts are expected to increase shortly. There is favor able news to hand regarding prospects for the next l'inuy crop. E x p o r t s o f C o t t o n G o o d s f r o m G r e a t B r i t a i n . — Below we give the exports of cotton yarn, goods, &c., from Great Britain for the month of December and since January 1 in 1895 and 1894, as compiled by us from the British Board Exports (bales)— 181,000 15,n00 225.000 13.000 162,000 To Liverpool .......... 8,000 of Trade returns. It will be noticed that we have reduced To Continent!.......... 11,000 169.000 13.000 173,000 12,000 131,000 the movement all to pounds. This Since This Since This Since week. Sept. 1. week. Sept. 1. week. Sept. 1. .. 19,000 391.000 26,000 335,000 27,000 312,000 000» This statement shows that the reoeipts for the week ending Jan. 15 were 180,000 cantars and the shipments to all Europe 19,000 bales. Manchester Market.—Our renort received by cable to night from Manchester states that the market is quiet for both yarns and shirtings. The demand for India is improving. \Ve give the prices for to-day below and leave those for previous weeks of this and last year for comparison: 1891-95. 1 8 9 5 -9 6 . lbs. Skirt Cott'n 8*4 lbs. Shirt Coil'll 32s Cop. ings, common Mid. 32s Cop. ings, common Mid. T w ist. Ticisl. to finest. JJplds lofinest. Uplds 8*4 d. s . 5*3® 6 5 ^ 6 5 5V *G 5 ®6 4*s@ G d. s . ® 7 ? ,« 4 ®7*a 4 11 2 7 6 i*,s 3>~7is 4 Jan. 3 6*4 * 7 * 9 4 “ 10 6*4 ® 7 * 5 4 “ 17 6*8 ® 7 * s 4 Do. 13 " 20 d. 6% 61i d. 8 8 7*3 8 8 7 *2 d. 4*8 d>» 4*3 4*8 4 *«s 4 *3 d. d. 5*v 5*4 5s 5 j8 5 *8 5 S’ 6 ^6 e^>o7e ^>51*1*' ® 5 ' 3 io ® 5 1 3 ,6 s. 4 4 4 4 4 4 d. 8. 1%@6 1 3>6 0*s®6 0 ®6 d. 1^ 1^ 1 0 O^aSG 1 0 @6 1 d. 3<S2 3L« 3*18 3*32 3*16 3*16 S e a I s l a n d C o t t o n M o v e m e n t . —We have received this (Friday]_eyehing by telegraph from the various ports the details of the Sea Island cotton movement for the week. The receipts for the week ending to-night (January 17) and since Sept. 1, 1895, the stocks to-night, and the same items for the corresponding periods of 1894-95, are as follows. Receipts to Jan. 1895-96. 17. This Since week. Sept. 1. 1,797 65,560 242 9,265 192 4,480 Total............................ 2,231 79,305 1,686 68,228:20,746 16,202 WeekEnding Jan.XT. Since Sept. 1, 1895. North'n Mi"' Exports from— Great Fr'nce Total. Great j Fr'nce Total. -r- . I Si?ld BriVn. dc. BriVn 1 dc. Week \SeplA Total........ ........ "382 295 ‘*382 295 677 677 Total 1891-5 3.055 99 3,154 Clotti. YarnATtiread. 1895. Lbs. 1891. Lbs. 25,052 19,931 21,597 20,250 24,810 20,709 1894. 1895. Yds. Yds. lotal of ATI. 1895. 1891. Lbs. Lbs. 461,95) 87,491 80,999 40o,9 li 75,890 87,742 473.022 78.0>3 89.195 1895. Lbs. 1894. Lbs. 112,543 97,487 103.443 100,930 107,992 109,904 203,936 fo t.ls t quar. 71,489 00,890 1,280,880 1.401,481 402,038 419,17W 70,143 7&9H 899,493 407,95: 75,6*)o 76,828 356.008 403,783 07,437 78,04'* 313,473 324,820 100,185 100,741 87,17? 99,757 96,483 90,090 Tot. 2d quar. 68.918 00,519 1,157,59*' 1,230,9 lr 21,85- 22,891 476,407 459,827 23,042 20.841 432,08* 427,329 22.093 19,887 414.476 425,846 January...... February— M arch.......... 405,101 400,697 415,025 April............ 21.042 20.^10 May.............. 25,13. 19,055 fa n e ............. 19,740 20,048 219,18) 231,81) 288,103 292,330 In ly.............. A.ugust......... Septem ber.. PQ,24f 80,495 81,835 80,177 78,499 80,197 112,098 104,877 100,592 109,380 101,319100,084 Tot. 3d quar 00,993 03,020 L,323.030 1,3 L3,0)2 250,574 247.109 317,507 310,789 108.750 102,332 97.593 115,517 107,330 102,949- 24,878 24.075’ Jetober...... N ovem ber... 23,70 i 22,934 J ecem ber... 19.393 21,284 442 847 418,837 410.209 485,509 83,872 91,444 448,142 78,56- 81,396 433,042 77,700 81.005 Total 4th qr. 08,535 08.291 1,271,953 1,307.353 240,140 257.505 308.075 325,790 * 1,227,818 1,253,741 Total year... 87.5,9331958,3 '015.033.4flH 5.312.755 951.883 1.219 23.746 Stockings and socks. Sundry articles......... 1,282 21,420 1,252,783 1,276,443 Total exports o f ootton m anufactures...... * 1,000,421. The foregoing shows that there has been exported from the United Kingdom during the twelve months 1,252,783,000 lbs, Stock of manufactured cotton, against 1,276,443,000 lbs. last year, or 1894-95. of 23,860,000 lbs. This Since 1896 1895. a decrease A further matter of interest is the destination of these week. Sept. 1. exports, and we have therefore prepared the following 1,468 58,901 17,364 14,269 statements, showing the amounts taken by the principal 109 4,934 2,497 1,488 countries during December and since January 1 in each of the 109 4,393 885 447 last three years: The exports for the week ending this evening reach a total of 677 bales, of which 677 bales were to Great Britain, — to France and — to Reval, and the amount forwarded to Northern mills has been 1,493 bales. Below are the exports for the wesk and since September 1 in 1895-96 and 1894-95. 8’vann’h, &c Oharl’t'n.&c Florida, &o. New York.. Boston....... Baltimore.. omitted. «£ £ bales; In 1893-94, 7 ,7 11 bales. » , Total Europe. 11,6481 2,36G 14,014 1,2 5 0 2 3 ,119 2,921 j 64 2,985 5 1 1 ,114 192j 3,305 10,6071 2 , 9 3 6 13,537 870' ........ 870 ........ 1 ......... ........ ........ 26,0 4g | 5,360 31,406 1,493 27,538 21.7761 3,998 25,774 919 27,551 A considerable portion of the Sea Island cotton shipped io foreign ports goes via New York, and some small amounts v ia Boston and Baltimore. Instead of including this cotton for the week in which it leaves the Southern outports, we follow the same plan as in our regular table of including it when actually exported from New York, &c. The details of the shipments of Sea Island cotton for the week will be found under the head “ Shipping News,” on a subsequent page. Quotations Jan. 17 at Savannah, for Floridas, common, 12J£c.; medium fine, choice, 16J^c. Charleston, Carolinas, medium fine, 22 to 23c.; fine, 25c.; fully fine, 28c.; extra fine, 35 to 40c. Memphis Cotton Exchange E lection.—At the regular annual election of the Memphis Cotton Exchange, held on the 8th inst., the following officers were elected to serve the en suing year: I. McD Massey, President: N. C. Richards, T. J Keyer, W. A. Gage, Vice Presidents; C C. Cowan, R. F. Ta e, E. R. Moodie, W. D. Hurlbut, R. W. Harris, W. T.-Biwdre, B. B. Beecher, Board of Directors, and John Armisteal Treasurer. The B iard of Directors have appointed Mr. Henry Hotter Secretary to serve the ensuing year. This is his sixteenth consecutive annu d election. E ast I ndia Crop —The following report from Mesne. Gaddum, Bythell & Co. is dated Bombay, Jan. 2: The rear 1896 becins with a much Bruier appearance In oar ootton market than could have beau expeoted a week ago, for althonah re ceipts continue on a liberal scale and our stock again marks a consid erable Increase, sterling prices are nevertheless decidedly higher, part ly owing to a farther rise in exchange and uartlv to tuo strong tele grams from the home markets ou the last day of 1895. Cotton has actually commenced to reach the Bhownuggar market already, and there will no doubt he a fair quantity of this growth available for ex EXPORTS OP PIECE GOODS AMD TARNS TO PRINCIPAL COUNTRIES IN D E C E M B E R , AN D F R O M J A N U A R Y 1 TO D E C E M B E R 3 1 . Piece Goods—Yards. (000a omitted.) December. 1895. 1894. Jan. 1 to Dec. 81. 1893. 1895. 1894. 1893. Sast Indies - ........................... 139,579 212.506 234.128 1.988.318:2.555,030 2,105,510 Turkey, Egypt and A frica... 46,543 65.9H0 53.408 704,430 813,033 047,607 China and Japan..................... 73.607 28,384 37,110 627,224 490,914 433,714 Europe (except Turkey)........ 21.285 19.453 24.801 274,830 273,202 302,650 South A m erica........................ 09.G77 49,496 37,170 089,243 547,334 588,028 North America ...................... 29.040 28.930 25.10*) 330,543 2-2,839 2 70.18 L All other countries................ 29,932 28.827 25 839 302,874 343,007 297.921 Total yards........................ 410.269 433.642 437,502 5,033,467 5,312.755 4,632,217 Total value...... . ............. £*,03* £3,917 Jj4,33j £10,781 £50,223 £47,282 Yarns—Lbs. (000s omitted.) H olland.. ............................... Germany. .............................. Oth. Europe (except Turkey) Sast Indies.............................. China and Japan..................... Turney and E gypt................. All otner countries................. Total lbs............................. Total value...... ................. 3.071 2 308 2.390 4,041 2,0 Sh 1,82) 720 34,082 4S 194 52,793 44,457 3 192 23,5 L5 10,086 42,701 37,253 43,368 43,271 24,408 30.453 14,742 36,314 28,383 37,701 39.897 27,732 28.0B2 10,427 17,557 19.7441 1^,509 £711 £741 £723 252.119 *9,2-3 286,196 *9.239 200.546 £9.056 3,08 a 3,457 3,542 2,047 2,023 1.091 1,108 3,191 3,519 4,2 2> 4,098 1,101 2,148 1.473 i Exchanges.—The following exchanges have been made during the week: •40 pd. to exch. 500 Nov. for Aug. *05 pd. to exch. 100 May for June. •05 pd. to exch. 2 JO Apr. for May. •IO pd. to exch. 300 Mcli. for May. •07 pd. to exch. 100 Feb. for Mcli. *08 pd. to exoh. 300 May for Aug. •13 pd. to exch. ion Mcli. for J ’ ne. •09 pd. to exch. 1.200 Mch.for May. •07 pd. to exch. 2 >0 Jan. for Mcli. •12 pd. to exch. 300 Mcli. for J ’ne. •08 pd. to exch. 2,300 Mcli.for May. 06 pd. to exoh. 700 Feb. for Mch. •22 pd. to exch. 2,000 Feb. for Aug. •*)7 pd. to exch. 100 .Mch. for May* •23 pd. co exch. 600 Oct. for Moll. 3 1 pd. to exch. 200 Oct. for May. •15 pd. to exch. 1,000 Nov for Sept. •40 pd. to exch. 300 Nov. for Aug. ■ 06 od. to exch. 100 May for Aug. *12 pd. to exoh. 400 Feb. for Apr. Shippixg News .—The exports of cotton from the United States the past week, as per latest m ail returns, have reached 110,693 bales. So far as the Southern ports are concerned these are the same exports reported by telegraph and published in the Chronicle last Friday. W ith regard to New York we include the manifests of all vessels cleared up to Thursday. Total bales. N e w Y o r k —T o L lv e r o o o l. n o r stea m er N om a d io, 7 9 6 . ................. 796 T o H all, p e r steam er G a lile o , 2,620........................................... 2 ,6 2 0 T o H a v re , p er stea m er La G a sco g n e , 9 0 1 ................. ................. an! T o B rem en, p e r stea m er B onn, 4 ,0 7 6 ............................................. 4,<>76 T o H am burg, p e r stea m er P h oen icia , 1 ,7 5 0 ................................ 1 .7 5 0 T o A n tw erp, per steam er W cstern lan d, 841 .............................. 811 T o G en oa, per steam ers Italia, 1 ,5 0 0 ___ S icilia , ] ,u 5 0 .. W em a, 4 0 0 . . . ................................................................. .. 2 .9 5 0 T o N aples, p er steam ers Italia, 7 0 0 ___ W erra , 8 1 5 ................. 1 ,5 1 5 N e w O r l e a n s —To L iv e r p o o l, p er steam ers B e rn a rd H ail, 2 ,2 7 2 ----- L ouisianian, 6, l o o ....................................................................... 8 ,3 7 2 T o H avre, p er steam er R yd a l H all, 6 .6 L 3 ........... ... .................... 6 ,6 1 3 T o H am burg, p e r stea m er F ra u eia , 3 ,8 0 0 .................................. 3 ,8 0 0 T o O p orto, p e e b a rk O lga, 2 0 0 ............... . ... 200 T o B a rce lo n a , per steam er C atalin a, 3 ,6 4 9 ................................. 3 ,6 4 0 G a l v e s t o n —T o L iv e r p o o l, p e r s ie a m e is L e o n o r a , 6 ,5 0 4 ___ _ T rop ea , 1 1 ,6 0 0 .................................................. . 1 8 ,1 0 4 T o M anchester, p er steam er N ioeto, 5 ,3 7 9 ................ .................. 5 ,3 7 0 T o H a v re , p er steam er V o rtig e rn , 6,95 J....................................... 6 ,9 5 3 THE CHEONICLE. JA.NT?ARY 18, 1886.] G ai .vks cox - ( Coneh. (led)— . Total bales, To Bremen, per steamer Erie, 3,911 .................................... To Hamburg, per steamer Glanayron, 375........................... Trias Crnr-To Manchester, per steamer Nlceto, 300.............. To Havre, per steamer Vortigern, 1,000.............................. To Bremen, per steamer Eric, 650 ............................... 8a vawnas —'To Havre, per steamer Soaw Fell, 6 ,12 1 upland and 97 Sea Island...................................................................... The tone o f the Liverpool market for spots and futures each 3,911 875 day o f the week ending Jan. 17 and the daily d o hag prices 30 > o f spot cotton, have been as follow s. 1,000 65)1 Spot. Saturday Monday. Tuesday. W&d'day Tlmrsd’y. Friday, 5,912 6,221 Market, \ 5,200 1:45 p. si.j BRCSswiesi—To Bremen, per steamer Damn) re Head, 3.8S0.... 3,650 Charleston—To Liverpool, per steamer Avalon, 5,258 upland MM.Upl’ds. and 182 8ea Island......... .............. — -............ ......... . 5,440 Norfolk—To Hamburg, per steamer Glenvecis, 100................ 400 Sales_____ Newport News—To Liverpool, per steamer Kanawha, 1,081.. 1,084 Spec. A exp. Boston—To Liverpool per steamers Norseman, 169__ Samaria, 765 upland and 100 Sea Island.......... ................ .............. 1,034 futures. 186 To Yarmouth, per steamer Boston, 196...................... ........ Market, ? Baltimore- I d Liverpool, per steamer Ulstermore, 2,018...... 2,018 1:45 r, m. 5 To Bremen, per steamer Boland, 2,250................................ 2,250 490 ToBotterdam, per steamer Ohio, 190.................................. Market, ? Philadelphia - To Antwerp, per steamer Illinois, 200 .......... 200 4 p. ii. \ San Francisco—to Japan, per steamer City of Bio tie Janeiro, 1,350................................................................................... Total......................................................................................110,693 The particulars o f these shipments, arranged in our usual form , are as follow s. B uild Bremen JTdam, TarHair.- tiA nl- South mouth at L iter- Toilp ol. Chester. Havre, burg. teerp.Burope, Japs „ . Total. New York. 790 2,620 N. Orleans. 3.372 , „ Galveston.. 18 ,10 1 5,379 Texas City ...... 300 Mobile....... 5,912 ........ Savannah............................. Brunswick ..................... Charleston. 5 .110 ____ Norfolk........................... S ’p’t New* 1 ,0 -1 ........ Boston___ i,o31 ...... Baltimore- 2,018 . ..... . ..... Phlladei'a......... . San Fran.......................... . 341 4,165 ...... 15.152 901 3.836 ... 22,631 6,613 3,800 ...... 3.919 .......................... 35,223 6,953 1,186 . 1.950 1.000 66C ................... 5.912 e‘,22i .............. 3,650 145 '.,200 ................. ... 'Too Firat. Easter. Firmer. 4i%3 4®l« 12,000 1,000 3,000 500 9,000 500 4«!0 Easier. 4»La io .ooo 1,000 at Quiet at Steady a Quiet at Dartlaiiy 3-64 ad- oartially 1-64 adv. ranoe. 1-64 dec. Steady. Steady In buyera* Harden’*. favor. 4% 12,000 1,000 4% 10,000 500 Quiet at Steady at 2 64 de 3-64 ad oil ne. vance. Quiet and Steady. steady. Quiet. The prices of futures at Liverpool for each day are given below. Prices are on the basis of Uplands, Low Middling clause, unless otherwise stated. H F The prices are given in pence unit 61th. T h u s: 1 63-61<L, and 3 01 means 5 l-tild. Satur. Jan. 17. M on . T u es. W ed. 1 63 means T ln irs. F r l. 12%' 4. 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4 fp. M.;P» m. P.M. P. M, P.M. P. M. P. M. P.M. P. SLIP.31. P. M. P.M. 1 a. \ *t. a. <i. d. d. d. d. . (1. d. d. fi. 11.121 January... J4 31 4 29 4 27 -t 27 4 29 t 2- 4 27 4 26.4 24.4 23 ■125 4 25 3,650 Jan Feb.... 4 29 4 27 1 26 4 27 4 28 4 27 1 2 0 1 25 t 2 3 -1 22 4 23:4 2 1 5,110 4 274 Hi I 27 4 27 4 25 4 25 4 ...... 100 April-May ..I .7 * 2 0 1 25 12 1 1 25 I 23 1 28 1 2 2 I 21 4 2 1 ,1 23 4 23 M June... 12 7 1 20 1 2 1 1 2 4 12 5 1 2 1 4 22 12 2 1 21 420 1 2 3 1 2 3 1,768 J iiv .-J u lv .. 4 274 20 1 24 1 2 1 4 25 1 24 1 23 l 22 t 20 4 20 4 23 4 23 2.250 490 200 2 0 .. Jul'.-.vuc... 1 2 - 4 2 6 4 2 4 1 21 4 25 1 21 4 22 4 22 4 20 1 20 1 23 1 23 1,3' 0 1,350 4 20 4 . 21 t 20 4 18 4 1914 22:4 2 1 .I. Or) ... 4 181 1 h 1 17 1 17 1 17 1 16 1 11 1 13 4 12 412 1 16 .1 13 Total.... 12.780 8,29 9 21,6>l 21,383 1,53113,511 1,536 110.893 <:• .-Nov ... 4 15 1 15 1 M I I I 1 1 1 I 18 1 HI 1 10 4 08-4 08 4 11 1 1 0 ............................................ ................... ; ............. Below we add th>- clearance* this week o f vessels carrying 188 1,08* 1,220 cotton from U n it"! States porta, bringing our data down t>? the latest dates. Galveston—I n Liverpool—Jan. ll-Siftaser* O.rwllaa Mailtimo. 8,276; Teutonia, a.*0-5 . . Jan, l i —»iu*mvr Lociumwe, 5,*0 i ...Jan. lA—SteaJiiers Gia.I a, '.,3,7; l'.,alilia, 1,731 To Havre-Jan. 16 -8K*'iimorTrtpolli 7t8iS. ToCqpenbBxea-Jan, 11—Steamer Olat Kyrr«. ISO, TXXas Cit y -T o Liverpool-Jan. 11 —a'camer TSnteata, 2,600. ... Jon. 15—Steamer Gracia. 2,768, NSW Orleans -To Llvarpnol—Jan. 11—Steamer Dictator, 1,935...... Jsm, t l —Steamer Baaineor, 1,106__ law. 15 -Steaaier- Acad thus, 8,100; Mftdr.tono, 1,431... Jan. 17—8t«*tuor Botham*Id, 7,99* To MaiA'hrstrr—Jail Vi—Steamer: Efnekto, 5,2 0 0 . TO Havre—Jan. 17—Steamers Marino, 19,965; Finest Vonna, 4,006; Santa Be, 8,106. To Bremen—Jan. I t —Steamer Freohftald, 4,516. Brcnswick—To IJvftrpooi—Jsa, 15— tntsiio«'«n Head, 5,21*Fort Koval—To Liverpool—Jan, 16-Steamer 8t. Jerome, 3,170. WH.II1SKITO*—Te Dunkirk Jan. 17—Bark Emma Bauer, 1,770. Boryolk—Jo Batniiurg—Jan. 13,—Steamer Aaialti, 299. To Antwerp- Jan. H —Steamer Petenom, 1,850. BotEfOki—I d Liverpool—Jar. 9—silenmor iKamui*, l,t01-,...J*n, 10 steamer Victorian, 9,501 upland and 235 Sea Island ...Jan. 11— Steamer MicMican. 707 __ Jan. 11—Steamer Ottoman, 1,038 ... Jar,. 15—Steamer Columbian, 767. To Yarmouth-Jan. 10—Steamer Boston, 51.— Jan, 11—Steamer Beaton, 171, Baltimore -T o Liverpool—Jan, 0—Steamer Rosuaore, 380. To Bremen—Jan. 1-4—Steamer Muootian, 3,9ill. TO Rotterdam —Jan 10 -wteaiXD-r CabniMx), 1 1.0. To Antwerx-Jan. 4 —Steamer Belgian KIrtg. 150...... Jan. 11— Steamer Storm King, 550. Ban F r a taco-To Japan - Hen, 31-St. amor China, 1,311. Cotton freights the p u t walk have been as follows. Liverpool....... ji. Do Feb. 4 r B»W«. d Dunkirk______ c Bremen,.... Do ............. e Hamburg.......... e Do ........... c. *♦**..#. Ref ill, v. Ummb d. Do V. HUU...d. Bsirelona.........#». Oenoft, .... , Trtente, October.A Antwerp, Oct,. •/. Ghent, r, Antw'p.d Satur,. Mm*. % 23) 25» -w. 27%) .... 25 f ...» 27%' .... % .... 301 »*SI »,A Wertnm Th-urs. h r. *«) V* He %4 25* 251 Turn. 37 %! 251 27%! 27%! 27 %1 .... .... .... *4.. .... 2515% 25! 4 % 2514% 2513 H 2 5 0 % .... .... ... .... 30 30! 30< 30! 30) '**» >%l 31« hs %S .... .... .... H 5sa Ha Hi Um “m 9U A. H, ^*4 *SA BR E A D S T U F F S . Friday , January 17, 1886, A limited amount of business has been transacted in the trail) brandsof wheat ilour and prices have held fairly steady, bm the lower grades have been practically neglected and prices have been barely maintained. For city mills there has been a modern*!e intfu&y at about steady prices. No changes have occurred in the market for rye ilour; business was qui»t but prices were quoted steady. Buckwheat has coniinued to sell slowly, but values have held steady. Cornmeal has been in slow request but steady. To-day the market for wheat flour was quiet but steady. Early in the week the market for wheat futures was weak er and prices declined under liquidating sales by longs,” prompted by the improved political situation in Europs and dull and weaker foreign advices, Subsequently, however, It-; favorable crop advices from Europe, India and the West stimulated a demand from “ short* ” to cover contracts and all of the loss was recovered. In the spot market shippers were moderate buyers early in the week but later an ad vance iu prices checked the demand. The sales yesterday in cluded No. 1 Northern at 3c. over May f. o. b. afloat. To-day the market was quiet and during early 'Change prices made little change: toward the close however there was moderate buying on reoorts of large purchases for export for forward shipment and prices advanced. In the spot market there was a rumor that large purchases had been made by shippers for delivery during May and June, but nothing positive was obtainable. Other business transacted was small and includ ed No, 1 Northern at about 3c, over May f, o. b, afloat. DAILY CLOSINO PRICES OF WO. Z RED WINTER WHEAT. sat. Feb riiftry delivery____ c. 63% March dell very............ c. 09% 69% Mar delivery ................0. *s. ""67 June delivery............... o. 0, 66% ,e. bfl% July delivery......... Bon. 68 63% 06% 65% T un. : 68% HO 60% 00% 69% Wed. 6 HH 69!% 67*% 66!% 66''•a Thurt. 68*8 69% 67% 66^ 605? Fri. 89 09% 87% 67 67 Indian corn futures declined during the first half of the week under free offerings, prompted by an increased move .... ment, but, later buying by ‘ ‘shorts” both here and at the 513 West to cover contracts caused an advance. In the spot “m market busing*! has been moderately active and price* have followed future*. Hie saleR yesterday included No. 2 mixed 9** atBttfgC. delivered and 37ltt "'J7)^c. f.o.b. afloat; also steamer mixed at 35f2>35!4'c. in elevator and SOlfo. delivered. To-day Liverpool.—By cable from Liverpool wy hav . the following the market was quiet but steady. The spot market was quiet. The sales included No. 2 mixed at 80J*@36^c, delivered, Ktatementof the week’s sales, stocks, dec., at tnat port. steamer yellow at 36c. delivered, No. 2 white at 36c. in eleva; i 1 Dec 20 Dee, 30 Jan. 10 /an. 17. tor, old d i. at 40c. in elevator and steamer white at 35J^c, in elevator. «»;»* of the week.,............. 57.000 08.00C, 69.0001 82,000 DAJLT OLOSIJSO PRICES OP WO. 2 MIXED CORN. OL whichsiportor* tun*... ; 2,900; 1,900 2,2001 I.SiJO Bat. Bon, Tuet. Wed. Thurs. IYI Ot which spocnlatora took . 2,30)3 1.00 2 , 000 ! January delivery.......... 35% 31"s 35 35% . .. . 35% Bale* AmerloaG....................... Alow. 61,000 72.000 52.000 F'-nruary delivery........ e. e. 35% 34% 33 36% So4 3514 Aotsai export....... ........ : 5,000; 11.000 13.000 5.000 Mar delivery................e35% 81 % 317 a 35% 35% 35% Forwarded........................ . 78,0001 78.000 99,000: 07.000 39% 30 36% 30% 36% Total •took -Ketlrnate.!......... 1 96.5,OO0U.05il,0O0 1,116,000 1,111,0 0 0 July delivery.................o. 36% Of which American—JSsMa. 819,000; *70,000 011,000 92* ,000 Oats for future delivery have been quiet and featureless, Total Import of the week__ _ 72,00*1 175.000 163,00)!; 78.000 prices having shown very little change. In the spot market 61.000 Of whiob Ainertean__ ...... 126.000 134,000 Amount afloat...... ......... 2 12,00*1 189.0001 158,0! u 179.000 business has been quiet but prices have held about steady. Of whlnh Ainer—T 215,000; 180.0001 15O.000! 163.000 The sales yesterday included No. 2 mixed at 2-io. in elevator .... THE CHRONICLE. 146 [V o l . LXII, and No. 2 white at 25J-j'c. in elevator. To-day the market was packages, valued at -312,296, their destination being to the quiet but the close was fractionally higher and steady. The points specified in the tible below: spot market was quiet. The sales included No. 2 mixed at 1896. 1895. 24c. in elevator and No. 2 white at 2514’o.@25V^c. in elevator. « e » Yore to Jan. 13. DAILT CLOSING PRICES OF NO. 2 MIXED OATS. Wed. Thurt. lfon. Tuts. Sal. 24 237e .c. 237g 237s 237s January delivery. 24 23 7s February delivery 24 23 7 s 237s •21*6 March delivery.... 21 24*4 24*6 2-1*4 24 >s 24*4 24*6 243s May delivery........ 24*4 ?r . 21 24 24*4 24 The following are closing quotations: FLOUR. Fine.................9 bbl. 92 00s 2 25 |Patent, winter.......... $3 45®*3 70 Superfine................... 2 15 0 2 10 City mills extras...... 3 90 Extra, No. 2 .............. 2 35a 2 65Rye flour, superfine.. 2 358 2 75 Extra,No. 1.............. 2 45® 3 00 Buckwheat flour....... 1 2 0 8 1 25 Clear*......................... 2 50 8 3 20 I Corn meal— Straights................... 3 20 8 3 10 Western, &0.......... 2 15® 2 20 Patent, spring......... 3 30® 3 75 I Brandywine........... 2 25 (Wheat flour In sacks sells at prices below those for barrels.] GRAIN. Wheat— Corn, per bush— 0. 0 0. 0. Spring, per buBh.. 64 O 72 37Li West’ll mixed...... 34 Red winter No. 2.. 71 f> 73*6 No. 2 mixed.......... 35%® 3714 Western yellow.. 35 ® 38Sj Red winter......... 64 7b 74 White..................... 65 7b 69 Western White__ 35 ® 41 Oats—Mixed, perdu. 23*4« 25*6 Rye— White..................... 24*4® 28 Western, per bush. .... ® No. 2 mixed.......... 24 a 2ft State and Jersey.. .... ® No. 2 white........... 25HO 26 q Barley—Western — 40 ® 46 Htate 2-rowed....... .... ® State 6-rowed....... .... ® E xports of B readstuffs , P r ivisions , Cotton AND Week. Since Jan. 1. Great Britain..................... . Other European................... China.................................... India...................................... Arabia................................... . Africa.................................... West Indies.......................... Mexloo................................... Central Amerioa................... Sooth Amerioa.................... Otner Countries................... 97 8 4,468 104 431 92 134 1,514 91 105 20 4,468 351 __ 791 723 101 235 2,210 162 Total................................ China, via Vanoouver'.... 6,939 1,000 Week. Since Jan. 59 17 2,731 1 19 613 27 180 1,066 72 156 38 2,737 1 2,444 1,035 917 81 207 1,652 89 9,166 1,000 4,788 9,357 10,166 Total................................ 7,939 ’ From New England mill points direot. 4,783 9,357 .... The value of the New York exports for the year has been $445,358 in 1896 against $434,290 in 1895. There has been no further giving way on prices of brown sheetings or drills of a quotable character, but the market is decidedly easy, with considerable irregularity in all grades. Business continues slow. Brown ducks and osuaburgs also are slow and irregular. There has been a light demand only for bleached shirtings and camhrios, buyers bdng indispo 3e"d to place orders for any quantity until they have a definite P etroleum.—The exports of these articles during the month idea of what leading ag-ms are likely to do with prices. of December, and the twelve months, for the past three years Denims are weak, with small sales; ticks dnll and unchanged; plaids, checks and stripes and other coarse colored goods have been as follows : move in limited quantities and are easy to buy. Kil-finished 1895. 1891. 1893. cambrics flat and inactive; other cotton linings slow and Export* from 0 . S. December.f 12 Months. Decembe'. 12 Months December. 12 Montns. in favor of buyers. Wide sheetings, cotton flannels and blankets, and quilts, &c., featureless. Fancy calicoes have been QxMnWu*. in quiet request at opening prices; other prints dull, and Tur WheatTyush. 5.827.581 00,598,100 0,994,081 78,250,221 5,990,80! 108.918,562 key reds, staples and solids irregular. Wash fairies, printed Floor...bblB 1,420,411 14.001,152 1.281,347 15,740,240 1,130,572 10,150,293 and woven patterned, in moderate demand. Print cloths W heat....bn. 12,219,483 129,073.350 12 762,992 143,087,328 11.078,430 181.5P4.fl60 still nominal at 3c. for extras; one small sale only being re Oorn...bnsb. 9,907,570 67,924.830 2,300.110 40.210,348 5,213,H&5 53,815.878 ported in regulars for the week. Odds quiet and barely T ot. bash. 22,127,003 187,598.230 15,003,108 183.2^7,076 10,232,131 236 410,758 steady. Values. W h’t 4 flour. Corn A meal E ye.............. Oats A meal. t t 8,552,459 90,143,0(9 8,055,159 26,827,815 40 482 148.P8S 1,5! 8,563 203.031 1.4* 4.058 $ f 8,099,530 100.882,978 1,259,4 ?2 19,350,464 4.8 1 58,769 515,341 f $ 8,610,390 149,935,310 2,660,717 27.184.380 37,809 llo,082 2,700,095 2,555,410 Br’dstuffs.. 12,019.677 119,973,027 9,476,947 121,297,29’ 11,200,0*0 18 ’,989.^02 Prorislons •. 15,790.000 154.477,641 13,477,859 175,370,118 13,282,822 155,228,215 Cotton......... 30,748.403 189,707,697 84,596,75'* 200.277,408 39,267,975 204,100,787 Petrorm .Ac 6.735.28» 50,223,425 3,913.40 • 40,463,088 3,122,743 41.117.814 T ot. value 04,99*.491 520.442 490 61.404.970 637,413,900 06,954,220 5SR.386.778 •Including cattle and bogs In all months and years. Note.—All the above figures are bas3d on the monthly preliminary returns issued by the Bureau of Statistics, and cover about 93 per oent of the total exports of breadBtufls and oil, 99 per cent of provisions and nearly 100 per oent of cotton. For other tables usually given here see page 131. THE DRY GOODS 1896. Stock of Print Oloths— Jan.. 11. At Providence, 64 squares...... At Fall River, 64 squares........ .......263,000 At Fall River, odd sizes........... Total stook (pleoesl............ 200,000 374,000 Im p o r ta tio n s a n d W a re h o u s e W ith d r a w a ls o r D ry G o o d s The importations and warehouse withdrawals of dry goods at this port for the week ending Jan. 16, 1896, and since January 1, 1896, and for the corresponding periods of last year are as follows: S R ' S §3229*33 © STcS-o 2 ..» 8 e.M B 9• “ (3; 8»: tt : N ew Y ork , Fr id ay , P. M., January 17, 1896, Domestic Cotton G oods.—The exports of cotton goods from this port for the week ending January 13 were 6,939 1894 Jan. 13, 152,000 178,000 44,000 Foreign Dry G oods —Mire business has been reported in general assortments of spring merchandise through purchases from supplies in port, but importation orders are still checked by tariff uncertainties. TRADE. The financial situation is the strongest governing fac or in the situation at the moment, there being a general disposition to take a more hopeful view of the political outlook. With the prevailing monetary stringency and the uncertainty as to its duration there is still a strong conservative disposition evinced by the purchasing trade and business this week has again bsen on a restricted scale. It would seem, however, as though a number of buyers are close to a co idition wh'sre absolute requirements will fo-ce them into the market for supplies of staple lines, as there has been a marked increase in the number of inquiries as to sellers’ views on prices and not a few tentative bids. The latter Bhow a low idea of values among buyers and, although sellers are generally indisposed to let pass opportunities of doing business even at some concesdon, such bid 3 are rarely entertained. The good weather has had a stimulating effect on the retail trade here and elsewhere and business with jo b bers has shown some expansion as the result. Collections are not satisfactory in some quarters and not so good in others. W oolen G oods.—I nterest this week has been centered chiefly in the new lines of high-grade goods which have been opened from day to day. These have not introduced any new feature into the price situation, but they have given buyers fuller opportunity to make selections; as a result there has bien more business doing, and at the close of the week a fair number of buyers were 'in attendance. The de mand for low and medium grade goods in staple and fancy lines of trouserings and suitings has been indifferent. The demand for overcoatings continues limited a id chiefly low grade plain faced varieties. Cloakings are in light request through out. Satinets in dull demand as are cotto i-warp and union cassimeres an 1 d leskii j lans. Flannels and blankets are farm with little doing. Tae reorder demand for woolen and worsted dress goods is moderate. Prices rule generally steady. 1895 Jan. 12. 52,000 50,000 93,000 £I © 0: M CO VS it*. CO© CO© 9a© tOCn CO C 9a co— 9 a C O © C O O cocn -JCOCnC0*O I—* CO »-*»-* tO CO © © j - y* cn © CD © — © y* WMccaoi t000©©<! cfloVioto •443 00 05 33 t o y i ©O WiKOHfD QOO H WJ*-MO *a toOf n b b b to 0*35 0CO Oc a -a 2 .2 il tOCnCnCO ia c a 0D_O 33 © t o 1a3 - * CO 9a 00 cnto oo Si $ t0©C0V‘-1 ►-COGDrfa 9* a CO a j ■*• — v* a 2 Cfato toy*to® © 'G to CO o I to® 00 05 tu ao CO to t o o — - 0 to I-4 CO 9 a © — CO CO 00bnOC5<l H M X O O t o CO CD 00 C M 05 05 <1 £. _i O* <1 C O y*» » <j to ©9* I^CCWTIH 05 0* . ■*to to < 1 H i 9* <1 I M 05 y* 3J Ox WM cn CO © O lH CD b a b c n o ciq m © © cr. 9* © c o < i © cn 1- ‘ “ © © © ooa oto c o cn © © ifj © o>© 00 lU M Vo <£>«-* CO — 9a © y i -i © © '1 t o y i © © © © M cn oo 9* y * - j c o © to ox» CO© »o co M w y * c o y* a-. © t O la a © C O 9a 0 0 © © O 9*© © boC0© 9a © © rp 0 0 © to © cn © - - t o *a to © <1 t o —* CO -a t o t o cn 9 . © © CO © to I oMo00 I © y * w en© O3 coo* iSa"© yi © r-1 » B © 8J M 2 |o 00S', w COS’ © Cn © M CO at Jj-joowooov bo j b - —bo coho'* s** -i I o*coy*to© C5 I © r f a - v I M ® ©"©©W 9a ~ c d < i w C5 ©rf^CQCQ CO M 9^9^© © X < l© -~ * © » * -* -J 9 a to bo -1 9a . on© M fO - 1 U5 S -4jjQ 5 5a i-5 — © to9a050 0 9a ** 2 coaocoj*- M to V* tfa 05 CO © CO S*«i ?8 ; © ( to to i^*y*cd Kh 05ao Co T . to JS • ? ! 0-O CDp« * h V "bbl £ co c o © ® ^ -J to o to © CO * a Ol rfa I M tO © 9a t o © - 4 cn 0 * 0 - © ©©©© ® *pk.tO©Q5 M — W t O -v l t o < 1 y> c o cn © < 1 © * s j© 9a © © © C O CO CD © X © Cn tO © 9a cny*© ©y> J y to © y* » 0©0»© JX® j* aoVtocoVi J* co y* -q © © ©» to © »a i_i © O © » > S W m K £ © a cn — u » y* 1 t o <J CO © © >y* 9a CJ* u to to k-* to 9a 1 9a bj CJI cn -* ; U* CO9a © 9a. 1 on to© © © t o CO C0<1 © v io w o io o © 9a t o y* oo J anuary 18, 1896.] THE CHRONICLE. 147 Chariton Township. Mo.—Rond Call.— A call has been made fo r the payment of Chariton Township bonds dated February 1, 1889, for $1,000 eacn, numbered 11, 13, 13, 14 and 15. They will be paid on presentation at the National Bank TERMS OF SUBSCRIPTION. of Commerce, New York, February 1, 1896, on which date T he I nvestors’ S upplement will be furnished interest will cease. Chippewa Falls, WIs. —B on d O fferin g.— It is reported that without extra charge to every annual subscriber of the bids will be received for the purchase of bridge bonds to the Commercial and F in an cial C hronicle. amount of $S0,000. T he State and City S upplement will also be fur Cicero, III.—B on d s A u th o riz ed .— Bonds to the amount of nished without extra charge to every subscriber of the $20,000 have been authorized for street, sewer and water pur poses. C hronicle. Cleveland, Ohio.—X otes A u th o riz ed . —Promissory notes of T he Street Railw ay S upplement will likewise this city to the amount of $33,980 will be issued in anticipa of Ihe collection of assessments. The notes will bear inbe furnished without extra charge to every'subscriber tion teiest at a rate not to exceed 5 per cent, and will mature on the first days of May and November in each year from 1896 of the Chronicle . to 1900, inclusive. T he Q uotation S upplement, issued monthly, will lie Witt Connty, Tex.—B o w ls A p p ro v e d .— An issue of also be furnished without extra charge'^to every sub $25,000 of court house bonds of Da Witt County has been ap proved by the Attorney-General. scriber of the C hronicle . lln BoD, P*.—B on d E le ctio n . —The people of Du Bois will TERM S for the C hronicle with the four Supple vote February 18 on issuing $115,919 of water-works bonds, ments above named are Ten ollara within the United Elkton, Md.— B on d s P rop osed . —It is reported that this city States and Twelve Dollars in Europe, which in both will issue $20,000 of bonds lor sewers and other improvements cases includes postage. Grand Rapids, Mich.—B on d Sale.— On Jan. 13,1896. thecity of Grand Rapids told $75,000 of market bonds to W. J. Hayes Terms of Advertising—(Per Inch space.) & Sons, of Cleveland, for $77,415. The securities are dated One time. . . . . . . . ____ _____ S3 50 I Tar Month* (13 time*)..$25 00 May 6, 1895, interest at a rate not to exceel 4 per cent will be One Month (4 time*).. 11 00 Six oaths (26 times).. 43 00 Two Months (8 times).. 18 00 I Twelve Months (52 times).. 58 00 payable annually' and the principal will mature on the first Mondav in May, 1915, principtl and interest to be payable at (The shove terms for one month soil upward are (or standing cards. the Fourth National Bank. New York. Nine other bids were received for the loan as follows; T h e p u r p o s e of th is S t a le a n d C ity D e p a r tm e n t R. L. Day * Co., Bos’ nn...............................................................$75,975-00 b to furnish our subscribers with a weekly addition to and N. Y Seoul tty A Truat Co , Now York..................................... 75,817,00 continuation of the State and City S upplement. In other W. I. QulntaM. New York ........................................................ 76,<'42-30 Brewsier. Cobb A Eambrook, Boston...................................... 75,041-25 words, with the new facts we shall give, the amplifications Role-rt* A Co , New York . . . ............................................. 76,567-50 Lainprecbt 11roe. Co., Cleveland................................................ 76,593 75 and corrections we shall publish, and the municipal laws we Drill. Dennison A Prior, Cleveland........ ................................. 76,133-85 shall analyze in the “ State and City Department,” we expect Seasongood A Mayer, Cincinnati..................................... ....... 76,610-75 Far., Ia. Leech AOo., Chicago............................. .................. 7d,167-00 to bring down weekly the information contained in the A statement of this city’s debt, assessed valuation, etc., was Stats and City S upplement to as near the current date as given in last week's C hronicle, page 102. possible. Hence every Subscriber will at all times possess a Howard Connty, Mo.—Bond Call. — Notice has been given complete and fresh cycloptedia o f information respecting that bonds of Howard County dated February 1, 1889. Municipal Debts. for f 1,000 each, numbered from 96 to 107 inclusive, and bond Dumber 127 for r>00 have been called for payment. They will be redeemed on presentation at the National Hank of Pierce Connljr, Wash.—The Supreme Court at Olympia. Commerce, New York, on February 1, 1896, at which time in Wash., has been asked to grant an injunction restraining any terest will cease. further increase of the indebtedness of Pierce County. The Indianapolis. Inti.—Bowl Offering.—Proposals will be re order ia requested on the ground that the county his already ceived until February 12, 1896, by E. M, Johnson, City exceeded its legal debt limit. Comptroller, for the purchase o f $70,000 of 4 per cent im provement bonds. The securities will be dated January 1, B o n d P r o p o s a ls a n d M e c o t la tlo n a .— We h a v e n - 1896, interest will be payable temi-annually on January 1 and eeived through the week the following notioea o f bonds July 1 at office of Messrs. W indow, Lanier & Co., of New recently negotiated and bonds offered and to be offered for York City, and (be principal will mature in seven equal annual instalments. Bids must be accompanied by a certified check ■ale. upon some bank in Indianapolis, payable to the order of Albany, N. Y.— B on d Sale. —On January 14 the city of Albany sold 930,000 of 4 per cent registered water (stock) City Treasurer William H. Schmidt for 5 per cent of the bonds to the Albany Savings Bank at 105?£. The securities amount of bonds bid for. will be dated February 1, 1896, interest will be parable semi The official advertisement o f this bond sale will be found annual ly on February 1 and August 1. and $30,000 of the elsewhere in this Department. principal will mature February 1, 1914, and $10,000 February Bids Received.- It was reported that a number of bids had 1, 1915. Other bids were received for the loan from R. L, Day Sc Co., Boston ; O. M. H ihn, New Y ork ; Joseph E. been opened yesterday for $100,000 of school notes to be dated Gavin, Buffalo; 8. A . Kean, Chicago; Theo. Townsend. Al Jan. 31, 1896, and mature June 30, 1890. Up to the time of our going to press no award had been announced. bany, N. Y., snd Whann k Schlessinger, New York. The city’s total general dent is at present $2,541,000: water Knox Connty Tenn.—B on d s A u th o riz ed . —Bridge bonds to debt (excluding the above-mentioned loan), $1,589,000 ; tot it the amount of $20,000 will sxm be issued. debt, $1,150,000; sinking fund, $914,434 ; net deOt, $3,305,546. Lunsdowne. Pa .—Bond Election.—It is reported thata vote The assessed valuation for 1895 is $64,975,715: real ar,d per sonal property owned by the^city,$7,589,000. The population, will be taken February 18 on issuing $28,000 of sewer bonds. according to local figures, is 98,000. Lawton Mich.—Bonds Defeated.— A vote taken on issuing Athens, Ha. —Bond Election.—The people of Athens will electric-light bonds resulted m the defeat of the proposition. vote on issuing bonds for paving estimated to cost about Le Saenr, Minn.—Bowl Sale.—It is reported that this $75,000. city has sold $20,000 of water-works bonds for $20,250. The Barre, Vt.—Loan Authorized.—The City Treasurer has securities bear interest at the rate of 5 per cent and run 20 been authorized to isane a loan o f $10,000. years. Binghamton, N. Y.—Bond Election. — A vote will be taken Medford, Mass.—Boiul Sales —On Jan. 13, 1896, the. city January 30 on issuing $5,0<.0 of hospital bonds. of Medford, Mass., sold $91,000 of 4 per cent water-fund Buchanan. Mich.— Bonds Defeated.—Village Treasurer W . coupon bonds to Foote & French at 104'329 and accrued in W. Treat reports to the Chronicle that the proposition of terest. The securities are of the denomination of $1,000 bonding the village for $29,000 for the purchase of the electric- each, 28 of the bonds being dated Jan. 1, 1891, and payable light plant was voted down at the election held on the 11th at the rate of $4,000 yearly from Jan. 1, 1917, to Jan. 1, 1923, day of this month. both inclusive, and the remaining 63 bonds belDg dated July Cims Connty, la . — Bonds A u th o riz ed .— Funding boids of 1,1895: fO.OoO of the amount payable each year on July 1, this county to ihe amount of $15,000 will soon lie offered for 1916 and 1917; $11,000 July 1, 1918; $15,000 each year on July sale. The count) 'a bonded d>-bt is at present $31,500, floating 1, 1970 and 1921, and $10,000 on July 1, 1023. Interest at the debt. $15,000; total debt, $46,500. Its assessed valuation, which rate of 4 per cent is payable semi-annually on Jan. I and is )■{ of actual value of real estate and }£ of petaonal property, July 1, both principal and interest to be payable at the How for i895 of real estate was $5,122,328; personal property,$1,010,- ard National Bank of Boston. 965; total, $6,123,293; total tax rate (per $1,000), $10. Eight bids were received for the loan as follows: S w e m j > C ity D m m m J t , 148 THE CHRONICLE. [V ol. LX1I. Rockland, Me.—Bonds Refunded.—City Treasurer E. A. R. I, Pav & Co................................. . ............... ......... 103*327 Edward H. Whitman ..................................... ............... . 102*050 Jones reports to the C h r o n ic l e that the §50,000 of 4 per cent Brewster, Cohb * BsUbrook................................................... city bonds which matured on July 1, 1895, and $85,000 which Faraori, Lt-iush & Co..................................................................... iSS'iSn FMror!v A Crocker....................................................... ........... li. C. Stan wood A Co................................................................ £°? § }? These bonds were previously offered for sale on Dec. 31, 1895, when seven bids ranging from 100-05 to 103T97 were rejected. Minneapolis. Minn.—Bond Sale,—On January 8 $200,000 of 4 per cent 30 year reservoir bands of the city of Minneap olis were sold to the Lacnprecht Bros. Co. for $208,042. The following is a li=t of the bids which were received for the loan: Laniprcclit Bros. Co............................ W. ,T. Haves & Son........ — .......... . Belli, X)(>mii8fln & Prior...................... Robert* & Co .. ..................— N. W. Harris & Co................... .......... Farmers’ ,V Mechanics’ Savings Bank Brewster, Cobb <&Est abrook ............ Parson, Leach & Co................... ....... .§208,042 . 206,800 , 205.250 . 204,820 . 203.U0II . 202,051 202.010 20 1,510 These securities are the same that were recently a Id to the City Commissioners of the Sinking Fund, Shortly after the transaction suit was brought in the Supreme Court of the State to enjoin the city from issuing the bonds and the Sinking Fund Commissioners from buying tire same on the ground that the city in issuing the securities exceeded the 5 per cent constitutional debt limit. Tiie Court’s decision denied the right of the Sinking Fund Commissioners to purchase the bonds, but established their legality by affirming that the ark board certificates are not a direct liability of the city and eciaring that the bonds held by the sinking fund may ba deducted from the city's debt in figuring its borrowing power. It is reported that Messrs. Seasongood & Mayer offered $2,000 more premium for the securities if the sale was readverdsed. Mficliell Connty, Tex.—Bonds Invalid.—It is reported that Mitchell County bonds for $23,000 have been found to be an over-issue by the Thirty-second District Court, .Monroe County, N. Y.—Bond Sale —It is reported that on Jan. 10, 1896, this county sold $300,000 of per cent court house bonds, as follows.- Rochester Savings Bank §100,000 at per cent premium; J. W. Sherrill, Poughkeepsie, 8100,000 at 100-005; Wkann & Schlessinger, New York, $50,000, and Monroe County Savings Bank $50,000 at par and accrued in terest on each. The securities will be dated Feb, 1, 1898. interest will be payable semi-annually on Feb. 1 and Aug. 1, at the office of the County Treasurer or at the American Ex change National Bank of New York City, and the principal will mature at the rate of SoO.OOO yearly from Feb, 1, 1914, to Feb. 1, 1919. A statement of the present county debt and general financial condition will be found in the Chronicle of last week, page 103. Moultrie, Ga.—Bond E lection . —On February 12 an elec tion will be held in Moultrie to decide the question of bond ing for a school house and water works. New Britain, Conn.—Bond Offering.—Proposals will be re ceived until January 29, 1896, for the purchase of $20,000 of 4 per cent, 15-30 year street bonds. New York City—Bored Sale.— On January 15 the §77,621 50 o f 3 per cent school bonds of the city of New York were awarded to the Commissioners of the Sinking Fund at par. No other bid was received for the loan. Interest is payable on the first days of May and November of each year, and the principal will mature November 1, 1914, both principal and. interest to be payable in gold. Palestine, Tex.—Bonds Proposed..—Bonds of this city to the amount of $70,000, bearing interest at the rate of 5 per cent and running 40 years, have been proposed for the pur pose of building a water system, an electric-light plant and a city hall. An additional tax of 25 cents on the §100 will be levied to meet the principal and interest on the se urities. A Board of Public Works has been appointed to report on the advisability of such a project. Pittsylvania Connty, Ya.—Bond Offering.—Proposals will be received until Feb. 1, 1896, by G. B . Vaden, County Treas urer, for the purchase of §100,000 of 6 per cent bonds. The securities will be dated March 1.1896, interest will be payable semi-annually at the Treasurers office, or at Richmond, at Baltimore or New York, aB may be determined by the Board of Supervisors before the bonds are issued, each bid to state at which place payment is desired, and the principal will mature March 1, 1916. The securities are to be issued to retire the balance of §302,000 of bonds issued in aid of the Lynchburg & Danville Railroad. The amount of this loan outstanding on February 1, 1895 (which constituted the coun ty.-. total debt) was §158,000,which amount, less sinking fund, will he reduced on March 1, 1898, to §100,000. The bonds will he ready for delivery at the Treasurer’s office March 1, 1896. The county’s total assessed valuation for 1895 was $3,908,713. Portland, Me.—Bond Offering. —Proposals will be received until February 26, 1896, by George H. Libby, City Treasurer, for the purchase of §48,000 of 4 per cent coupon or registered re/uDding bonds. The securities will be dated March 1, 1896, and interest will be payable semi annually oa March 1 and September 1 at Boston or Portland, the bonds to be Davable in gold March 1, 1916. Rochester, Mich,—Bonds Authorized.— Water bonds of this municipality to the amount of $5,000 have been voted. S fell due on January 1, 1896, have been refunded with 3)4. per cent coupon bonds sold flat. The city has also sold some of its Penobscot Shore Line first mortgage 4 per cent bonds due August, 1921. Last February the city held §400,000 of these securities among its assets. San Antonio, Tex .—Bond Sale.—It is reported that $43,500 of refunding bonds have recently been sold at 101. The loan bears interest at the rate of o% per cent. Santa Barbara Connty, Cal.—Bored Issue Withdrawn.— H. H. Doyle, Clerk of the Board of Supervisors, reports to the C hronicle that an issue of bonds recently offered for sale by this county has been withdrawn. Seranton, Pa.—Bond Election.—A vote will be taken F eb ruary 18 on increasing the city’s debt for the construction of a viaduct. Seattle, Wash.—Bonds Authorized—LoasI improvement bonds of Seattle to the amount of $4,065-45 have been author ized. The securities are to bear interest at the rate of 8 per cent, payable annually, and will mature in ten equal annual instalments. Sharp-mile. Pa.—Bond Election.—A vote will b9 taken in February on the issuing of water-works bonds to the amount of $35,000. South Glens Falls, N. Y.—Bonds Authorized. —The citi zens of South Glens Falls have voted in favor of issuing §50,000 of water-works bonds. Spencer County, lu d .—Bond News.—County Auditor J, J, Rimstick reports to the Chronicle that the question o f bond ing the county debt, which amounts to $120,U00, is being agi tated. v Our financial statement for the county, as corrected to date, is given below : County seat is Rockport. Floatingdebt Ja n .,’96.. §120,000 | Total valuation 1396...$7,209,575 T ax valuation, real___ 5,293,915 Total valuation 1880... 4,761,561 Tax valuation, personal. 1,915,660 | Population iu 1890 waa......22,060 Stonewall County, Tex.—Bonds Registered.—Refunding jail bonds of this county to the amount of |4,000 have re cently been registered by the State Comptroller. Syracuse, N, Y,—Bond News.— City Clerk H. F. Stephens reports that no issue of railroad bonds is contemplated by the city. ■ Taunton, B mds Proposed—Siw er boid3 to the amount of §125,000 have been proposed. Terrace Park, Ohio—Bond Offering.—Proposals will ba re ceived until February 10, 1896, by A. W. Highlands, village clerk, for the purchase of §539 of 6 per cent village bonds and §518 i0 of 6 per cent assessment boads. The securiiies will be dated January 25, 1896; interest on the village bonds will be payable semi-annually and on the assessment bonds an nually. The principal of each loan will mature part yearly in from one to ten years, principal and interest to be payable at the Western German Bank, Cincinnati, Ohio. Texas—Warrant Call.—State warrants aggregating $97,000 have been called for payment.. The warrants called are those numbered from 11,000 to 12,000, inclusive. Tliomasviile, Ga. —Bond Election,—The citizens of Thomasville will vote January 21 on the proposition to issue water works bonds for §35,000. Titus Connty, Tex. —Bonds Approved.—Court house bonds of this county to the amount ol $25,000 have been approved by the Attorney-General. Tuokhannoek, Pa.—Bonds Proposed.—A vote will prob ably be taken on issuing 5 per cent 20-year boads to the amount of §14,000, UKiaii, Cal.—No Bids Received,—W. W , Cunningham, City_ Treasurer, reports to the Chronicle that no bids were received for .$35,000 of Ukiah sewerage boads offered for sale January 9, 1896. They are still on the market and will prob ably be re-advertised. The securities bear interest at the rate of 5 per cent, payable annually on -Jan. 2, and mature at the rate of §1,250 yearly from Jan. 3, 1897, to Jan. 2, 1916. Prin cipal and interest is payable in gold at the Anglo-CaSiforma Bank, San Francisco. The city has atjiresept no debt of any kind, and its assessed valuation for 1895, whicn is about two-thirds of actual value, of real estate is 8726,410; personal property, §193,785; total, $925,175; total tax rate (per §1,000) §32 40, The population at present is about 2,000. Waco, Tex, Loan Authorized,.—The Board of Education of Waco will issue a loan to meet expenses. ^ " " j 1® i-iauis, ri. i . —n o n a s a te .— On January 15, 189f the city of YS bite Plains sold §10,000 of 4 per cent refundin: bonds to the People’s Savings Bank of Yonkers, N. Y. W ilmerdiag, Pa, Bond Election.—A n election will e held ip ti] ls borou8h on February 18, 1896, to vote on issuini $38,000 of street paving and sewer bonds. Yeadon, Pa. Bond Election.—On February 18 the citizens of Yeadon will vote on the question of issuing sewer bonds for $25,000. The present debt of the borough is §8 040 39 The assessed valuation for 1895, which is about one-third actual value, was $533,000; total tax (per §1,000), §10 50, THE CHRONICLE. January 18, 1896.] A p a c h e C o u u tv , A r i z . — S in c e th e d a te o f o u r la st s ta te N av a jo C o u n t y h a s m e n t th is c o u n t y has b e e n d iv id e d a n d b e e n f o r m e d f r o m a p a r t o f its t e r r it o r y . set a p a r t f o r T h e in d e b te d n e s s N avajo C o u n t y is d e d u c t e d b e l o w in r e p o r t in g t h e n e t d e b t o f A p a c h e C o u n t y . T h e r e d u c t io n in p o p u la tio n a n d assessed v a lu a tio n fig u r e s th is y e a r a re o f c o u r s e e x p la in e d b y th e f o r e g o i n g . O u r s ta te m e n t h a s b e e n c o r r e c t e d b y m e a n s c f a sp e c ia l r e p o r t fr o m C o u n ty C le r k N , G o c z a le s . C o u n ty se a t is S t. J o h n ’s. When Due. Net debt Jan., 1896......... $70,320 LOANS— T ' 1 -lit;....... id : _ I'tm nts® Boxii®— 7g, Jan. 15.$100,OOOg.. 1898-1907 T ax valuation 1894..........1,930,000 Assessment is % actual value. (*10.000 due yearly on Jan. 13.) TEfisrroKi u. B onds (funding)— T otal tax (per $ 1 ,0 0 0 )......... $ 35-00 5g, JdcJ. $43.4392___ Jan. 1. 1913 Population 1396 about...........3,000 B oated, debt Jan. 1.1*9«.$143.4S 9 P opulation in 1890 w as......... 4,231 Sinking fu nd-.................... 2.030 Population in 1880 w a s......... 5,283 Navajo Co. debt... ......... 71,083 IN T E R E S T on $73,000 o f tlie 7 per cent bonds is payable at Chfttnii National Bank, New Y ork ; ou the remaining $27,000 o f 7 per cent onds at Bank o f British Columbia, Sail F ra n cisco; o n Territorial bonds at PluEnil, Ariz. Both interest and principal are payable in gold. T A X FRE E.—AH bonds o f this coun ty are exem pt from taxation. L o s A n g e l e s C o u n t y , C a l.— T h e f o l l o w i n g s t i t e m e n t has b e e n c o r n ct ed b y m e a n s o f a sp e cia l r e p o r t t o th e C h r o n i c l e f r o m C o u n ty T re a s u r e r T . J . F le m in g . C o u n t y seat is L ob A n g e le s . LOANS— When Due. j T ax valuation, rea l..-.$72,044,318 COCimr B onds — T ax valuation, personal. 10.378.95s 6 k , JA J, $15.00010.Jan. t , 1902 T ax valuation, RRs . .. 2.393.878 6g, J 4 J , 31,000 g .July t , 1 9 0! I Total.valu ation 1890. .84,817.151 9g, J&J, 26 4,00 0g ..J u ly I, 1010 : Total valuation. 1 8 9 4 ..7 9 .4 -4 .327 * h e fJAJ, 3 0 l,flo0 g ..J u ly I , 1905 ■ . AweM tnent is *B actual value. 4% g,J& J, 131,000 I, 1907 (State and -eo.tax(per¥l,ft00)?15-00 lo t. paid by County Treasurer. 4 <Population in 1 ,-dW w as__ 101,454 T otal debt dan., 1800. $ 7 8 2 ,0 0 0 1 Population In 1896 ( a * t ) . .150,000 O P T IO N .—A ll bond* subject to call at any time. 149 M a d is o n , W ls .— -Jabe A l f o r d , M a y o r . b een corre cte d M a d iso n is s itu a te d in D a n e C o u n ty , LOANS— When Due. Interest is p ayable atCity.Treas’v R efunding BONDS o p 1884— Bonded debt Jan. 1,'96_ $264,800 5s, A&O, 81 52 ,5 0 0 ... Apr. 1, 1904 School debt...................... ........... 45.000 Subject to call after Apr. l , 1894 Total debt Jan. 1 ,1 8 9 6 . 309,800 S p e c ia l I m p r o v e m e n t B o n d s — Staking fu n d .................. 20.000 6s. Apr. 1, $79,300........ A pr., 1896 Net debt Jan. 1 , 18 96... 289,000 ($7,900 due yearly) to Apr.. 1905 W ater debt (included).. _____ 18,000 St r e e t R e pa ik B onds — T a x valuation, rea l....... 5,927,530 4%s, Jau. 1. $ 1 5 ,0 0 0 -.Jan. 1 ,1 9 1 3 T a x valuation, personal 1,426,577 Subject to call after J an. 1 ,1 903 Total valuation 1 8 9 5 ... 7,354,107 Wa t e r B ondsAssessment about d, actual value. 59. A&O. $8 ,000_____ Apr. 1 ,1 9 0 2 T otal ta x (per $1,000)......... $21-50 Subject to call after A pr. 1,1 892 Population in 1895 was....... 15,955 4 ’ as. J an. 1, $10,Om i..Jan. I. 1913 Subject to call after Jan. 1,1 903 The c ity ’s debt m ust n ot exceed 5 per cent o f the assessed valuation. T A X -R E C E IV A B L E receivable coupons. W in s t o n , W in s t o n is th e c o u n t y sea t o f F o r s y t h C o u n ty . LO A N SWhen Due, Total debt Jan. 1 ,1 8 9 6 .. $410,000 I mprovement B onds — City has no sinking fund. 5s, F&A. $1 00 ,0 0 0 ..A nc. 1 5 ,1 0 1 0 T ax valuation, real.......$1,649,360 5s, MAN. 100,000___ Slay 1.1 911 T ax valuation, personal 1,772,057 R ms .ho .u . B onds — Total valuation 1 8 9 5 ... 3,421,417 Os. M&N, $40,000. . Nov. 15,190 9 Assessment about *3 actual value, W ater W o rk s and Ot h e r P e n - state and co, tax (nor $l,000i.$9-50 poses — City tax (pur $1,000).............. 11-50 M&S. $160,000 . .Sept, !. 1924 Average school ta x ................. 1-00 Bonded debt Jan, I , *98. .$400,000 Population in 1890 w as.........8,018 Floating debt.................... 10,000 Population in 1880 w a s........ 2,854 Principal o f all ex cep t the railroad bonds is p ayable in gold. T A X F R E E .—A ll o f the city’ s bonds are exem pt from taxation, IN T E R E S T *>n the railroad bonds Is payable at W in ston; on others at Baltimore, Md. 5 P. C . G O L D B O N D S D a te d J u ly t , 189*2 i due J u ly 1. 1 9 9 2 . DenoiHlnation ** \ , 000. Principal and ftrnpunmmi- of W -tmm m , / 0 » « m tb» Cttf • lad.* j m , I4 HBd. ') T h e fo llo w in g th e C h r o n i c l e fr o m J , O. J Ia g r u d e r , T re a su re r. City of Portland, Ore., CITY OF INDIANAPOLIS. water bonds carry tax- N. C .— E u g e n e L . G r a y , M a y o r. $ 7 0 ,0 0 0 OF TUB C O U P O N S .-T h e sta te m e n t has b e e n c o r r e c t e d b y m e a n s o f a s p e c ia l r e p o r t t o N E W LOANS BONDS has p o r t to th e C h r o n i c l e f r o m O , S. N o r s m a n , C ity C le r k . NEW LOANS. IM PROVEM ENT T h e fo llo w in g to J a n u a r y 1, 1898, b y m e a n s o f a s p e c ia l r e In te re st p a y a b le In fie ld , WMwwrt wifiah a At* m m nrum . Ileal v a l t i a t i o t t . ...... . A #*mm& valuafann........ .............. -IT Total debt ........... . U M l ,500 tjmm water debt.......... NEW LOANS. MUNICIPAL BONDS FOR INVESTMENT. Xet d»i»t. ............ . . gl.dgt.500 PiitbiiaMen, m baated, at preient, std.ocsc U4» will b# revived by tit* CSty c*f Indian* Portland is (h« natural oatnmertaal and distribuiiiur ft9 * It*, IndUntx, tuttt! the I Sib d«y ftcat-re df Ule JfortMraaiem 3talcs, atsd ha# Irntit bad of Jtttit, at i t tfftotk X ., fmr W » wind# or the reputation o f Mdnie one of *h«* roesi substantial 1*4 KT1CCI.AUM UPON APP LIC A T IO N . *»y P«*t- o t | B a n d * o f said City and conserraitf'e o f the ext rente western cltiea. and l* neat t** ^a« irTinciaeo In toportftitbft. Said bond* will bad*»i«aat«*d " indbutApolU Xinpro ro It Tb# total ©Icarltm* or the bank* *>f Portland for the otnnt Send* f i t *T ortXI h v dated -Im m m j 1. «r«N*k endimr id* isu-\ t w « i w m i f l n. a > ». pare*! with {lfMD*705 for the corrmptmaina w»*»k of and bo of tb*» dmom (nation o f 1 1,w 0.00 cadi, with in *«>*. ihowlnit an inmvsnm of i.’iff. This is fndfestive BAMBKR8 o r THE.NEW YOKE AND BOSTON taraat mupom attached; will War intere*t at the rat* Of th-mixmfitma prosperity which is prm)!NHt *n Chi* of frror p*?f e*mt Hip pm annum. eayabl# rerm-annu- sect fern, STOCK EXCHANGES. Aafcject fc» prior talc m& advance in p r ic e , wo on the i n day of January and the let day o f July of oiler these boada at 11*25 and aeortma interest, DNALER8 IN OOMMBBCIAL PAPBB. -eaefe year; tb# principal payaide la neren engaaf »» - f ie!d ib it i n«al and both prifiMdpd # tid interest E. H. R O L L I N S «& S O N S , layafel* at thft ftouskiSht h o m o o f WI®*l*>w, .Lanier A : 3 3 STATIC S T ., B OSTON , M A SS . Company. M«w York City. Bid* for the purchase o f *atd bead* fhoald bo -tadonal **■Ih^fwaabi tm Im provement Bowl# '* and directed to the City Comp troller, Indiana. BM/tem may hid tm all or any part- o f said bond*. ■AS S T A T E S T R E E T . B O S T O N . The p m p o m m will Ins m .m n w l by the City Comptrailer, at M » m , the ISth day o f ndrfuary* 5 N A S S A U S T . , N E W Y O R K .. 4 180#, b m m m n the hours o f i$ efttait M. and t o^dkidfc f* M., and said Ccn»sdr»>llfi@r wilt ibcnrs^R award sold bowls, of, If h& shall t m fit, a part or any L e g a l I r n e s t i n c n t f o r S a v in g s B a n k s t h m m t , to the U t g lt m i and heat foWder a n d T r u s t F u n d s N ew Y o r k S t a t e . therefor, and stsall bare the light to iieeopt ft part of any Md. and to award upon any Md the whole or any loss number o f bonds cohered by ioeh bid* the Comp* tjroiiw ftoteg the fOle jrld«#» of the safik'ieney or the I’ ri-.v and DirtH-t i.<u-tScuIsrs npoo appllcatiott, inmffidkrReyof any bid, and b« may. in i i* discretion award a part of said bonds to one bidder and a par FA R S O N , L E A C H & CO., to another, or be may reject any or all bids. ‘J W a ll $i«* N ew Y o r k . Ew-fa Md shall b* acootniauled with a eerilfied C h ica g o, III. cheek upon sms# hank o f the City of Indianapolis. Indiana* payable to- Ute order o f WtlHass U Shmidt, City Treasurer, for a lam « {«a l to $ per cent (i«> o f 8 o . O nm lin, Neb.* I I . e f u n d i u « . . . . y N the fane- o f par ,,yalae o f the'bond* hid for. The. ^hehoysriih, W l§ „ § c w o r . . . . . . . ........ ... bonds awarded will he delivered by the City Treaiw 8 h e r * a n , T e x a n , R e f u n d i n g ... . .......... .... Os A W A 1. 1. S T R E E T , NEW Y O R K . nrer at his office in the City o f Indianapolis on the >1 u acatin e, I o w a ,, l n ip rov em en t............. m u jlM of February* ISid* or cm the payment o f the A a r n r a , I lls ., I m p r o v e m e n t.......... potehmo price for the same, whieh payment- matt be fiib s o n C ity, III#,, W a te r W o r k # ............... mad© within ten day# from the date last above H u b b a rd , O h io, E le c tr ic L ig h t ....... . ..5* H a r v a r d , N eb., W a t e r W o r k # .,..........f$a named. BAN KERS, S»K1 fxm j, are oSta(M tor *nle nn<)»r anil by virtnv F O R SAKE B Y ft o T O e n e n J om inauw No. 77. J8S5. («M*<lbrta*C«mDealers in M U N IC IP A L BONDS, moo O vuimR o f t.l„- I Ut o f toaianapoll* on ih» Oth M A S O N , LEWIS & C O ., Street Railway Bonds, and other high grade ta« flsr of January. IMS, *nd appmv«l by thv Mayor no estmenta BAN K ERS, the uth rt*y of Jammer, tWD. N E W LOAN. Kings Co, (Brooklyn) N. Y. s Blake Brothers & Co.» WTLANN& SCHLESINGER MUNICIPAL BONDS. W. J. Hayes & Sons, S. it JOHNSON. City Ctonptroller. 31 S rnte S t., B O STO N , 171 L a S n lle 8 t .. C H IC A G O , BOSTON, MASS., 7 Exchange Place. Cahir C le v e l a n d , O h io , 3 1 1 -3 1 3 S u p e r io r St AMrett, "KENNETH.” [ vol, l x ii , THE CHRONICLE 150 Worcester, Mass.—Henty A. Marsh, Mayor. The following statement of the indebtedness, assessed valuation and general financial condition of Worcester, Mass., has been corrected to Dec. 22 by means of a special report to the C h r o n ic lb from W illiam S. Barton, City Treasurer. This city is ia Worcester County. LOAN SNAME AND PURPOSE. F u n d ed c ity lo a n (r e n 'l). .1 8 7 5 do do ............. .1891 do d o (ren ew al) 1875 do d o (renew al) 1892 do do ............. .1 8 9 2 do do ............. .1 8 9 3 d o ............. .1894 do do ............. .1 8 9 5 do F un ded park lo a n ........... .1 8 8 9 F u n d ed s e w er l o a n ......... .1 8 7 9 do do ............. .1 8 8 0 do d o (renew al) 1875 d o ............. .1881 do do do ............. .1 8 8 3 do do ............. .1 8 8 4 do do ............. .1 8 8 5 do do ............. .1 8 8 6 do do ............. .1 8 8 8 do do ............. .1 8 9 0 do do ............. .1 8 9 2 F u n d ed w a ter lo a n ......... .1 8 7 6 do ............. .1 8 8 4 do do ............. .1 8 8 5 do do do ............. .1888 do do ............. .1 8 8 9 do do ............. .1 8 9 0 do do ............. .1891 do do ............. .1 8 9 2 do do _______ .1 8 9 3 do do ............. .1 8 9 4 do do ............. .1 8 9 5 do d o (renew al) 1892 do d o (ren ew a l) 1885 PAR VALUE OF — Principal.----------- -Interest.0 u(stand1(J. J\ Cl. Payable When1, Due. 1905 $ 2 0 0 ,0 0 0 5 A A O A p r. 75,0 00 4 A A O A pr. 1, 1901 5 00 ,00 0 4 A * O A pr. 1, 1905 5 0 0 ,0 0 0 4 A A o A p r. 1, 1905 1 35,000 4 A A o A p r. 1, 1902 lo o .o o o A A o A pr. 1, 1903 4 2 60 ,00 0 4 A A () A p r. 1, 1904 1 10,000 A A o A p r. 1, 1905 4 2 5 0 ,00 0 4 A A () A pr. 1, 1938 100,000 5 .i A •i Jan. 1. 1899 30,0 00 J A .1 Jan , 1. 1900 5 140 ,00 0 41fi A A o A pr. 1, 1905 5 5 ,0 0 0 Jan. 1, 1901 4 A J J 6 5 ,0 0 0 4 J A .1 Jan . 1, 1903 70,0 00 1, 1904 4 A Jan. J ,T 180 ,00 0 4 .1 A J Jan. 1. 1905 145 ,00 0 1, 1906 Jan. 4 J A .1 7 5 ,0 0 0 4 j A .1 Jan. 1, 1908 7 5 ,0 0 0 1. 1910 Jan. 4 J j * 80,0 00 4 J A J Jan . 1, 1912 10 0 ,0 0 0 5 J & 1) D ec. 1, 1906 2 5 0 ,00 0 4 A A O A pr. 1, 1914 100 ,00 0 A A o A p r. 1, 1915 4 1 5 0 ,00 0 A A o A p r. 1, 1918 4 1, 1919 2 0 0 ,00 0 4 A A 0 A p r. 30.0 00 A A 0 A p r. 1. 1920 4 1, 1921 7 0 ,0 0 0 4 A A o A p r. 1 5 0 ,00 0 A A <) A pr. 1, 1922 4 1, 1923 5 0 ,0 0 0 4 A A o A p r. 5 0 ,0 0 0 4 A A () A p r. 1, 1 924 1, 1925 loo.ooo 4 A A o A p r. T) J une 1. 1905 3 0 0 ,0 0 0 4 ,J 1 5 0 ,00 0 3Hi j A D J u n e l , 1905 BONDS. - T h e b o n d s are fo r $ 5 0 0 an d m ultiples & th e re o f. INTEREST on m o st issues is p a y a b le, p rin c ip a lly b y ch eck , a t th e M erch a n ts’ N a tion a l B an k in B oston . T O T A L DEBT, SINKING FUNDS, E t c .—T he su b join ed statem en t ■how s W o rcester’s to ta l fu n d ed d eb t, th e sin k in g fu n d held b y th e city a ga in st th e sam e, an d the w a te r d eb t, on th e d a tes in d ica ted . D e c. 1 ,1 8 9 5 . D ec. 1, 1 894. D e c . 1 ,1 8 9 3 . T o ta l b o n d e d d e b t ...........................$ 4 ,8 1 5 ,0 0 0 $ 4 ,6 3 5 ,OOC $ 4 ,3 2 5 ,0 0 0 S in king fu n d s ...................................$ 2 ,0 7 4 ,4 9 1 $ 1 ,8 0 7 ,6 6 4 $ 1 ,5 4 8 ,9 9 8 N et d e b t .......................................$ 2 ,7 7 0 ,5 0 9 $ 2 ,8 2 7 ,3 3 6 $ 2 ,7 7 6 ,0 0 2 W ater A p a rk d e b t (inc. a bo v e ) .$ 1 ,9 5 0 ,0 0 0 $ 1 ,8 5 0 ,0 0 0 $ 1 ,8 0 0 ,0 0 0 T h e c it y had n o te m p o r a r y loa n s o u ts ta n d in g o n D ie . 1 ,1 8 9 5 . T h e sin k in g fu n d r e c e iv e s y e a rly a sum su fficien t w ith a c cu m u la tio n s o f in te re st on sin k in g fim d in v e stm e n ts to ro tire e n tire d e b t a t m a t u r . ity. In 1 89 5 $ 1 4 3 ,0 0 0 w a s p a id in to sin k in g fu n d s o th e r th a n t h e w a te r b o n d s sin k in g f u n d ; in 1 8 9 4 , $ 1 3 6 ,7 0 0 ; in 1 89 3 , $ 1 1 5 ,9 0 0 ; in 1 89 2 , $ 1 1 3 ,1 0 0 ; in 1891, $ 9 3 ,4 0 0 . C ITY P R O P E R T Y .—T h e c ity o w n e d p r o p e r t y in 1 8 9 4 v a lu e d a t $ 5 ,5 4 4 ,0 9 9 , in clu d in g w a te r w ork s c o s tin g $ 2 ,5 9 9 ,9 6 4 . R e c e ip ts fr o m w a te r a ssessm en ts in y e a r 1894-95 w ere $ 2 0 0 ,2 5 5 5 1 ; m a in te n a n ce , $ 7 6 ,5 9 4 8 6 ; in te re s t o n w a te r lo a n s, $ 6 4 ,5 8 3 3 3 ; p a id to s in k in g fu n d , $ 5 1 ,0 5 2 55. DEBT L I M I T A T I O N .—A n e x c e p tio n in th e ca se o f W o rce s te r t o g e n e ra l S tate la w lim it in g m u n icip a l in d e b te d n e ss is fo u n d in th e S u p p le m e n t t o th e P u b lic S tatutes, L aw s o f 1 88 8 , C h a p ter 144 . T h e o b je c t o f the la w w a s to a u th orize a loa n f o r th e p u rp o s e s o f P u b lio P arks. T h e lo a n w a s ca lle d the W o rce s te r P a r k L o a n , a n d the a m o u n t o f th e issuo w a s fix e d a t n o t to e x c e e d $ 25 0 ,0 0 0 . T h e S ta tu te p r o v id e d th a t this lo a n sh ou ld n o t b e in clu d ed w ith in th e d e b t lim it fix e d b y law * A S S E S S E D V A L U A T I O N .—T h e c it y ’ s a ssessed v a lu a tio n a n d t a x rate h a v e b een as fo llo w s, real esta te b e in g ta k e n a t “ its fu ll a n d f a i r ca sh va lu e ” ; N E W LOANS. N E W LOANS. W e BONDS. MUNICIPAL BONDS N. W. HARRIS & CO., Prices and full description furnished on applica tion. MUNICIPAL C. H. White & Co., BONDS. BANKERS, T2 B R 0 4 D W A Y , N E W Y O R K . BONDS. Bond Tlill, Ohio, Wnter................................ 5s Aoilystou, <»liio, School................................. 5» Defiance, Ohio, Refunding............................5» Logan, Ohio, Krfunding............................... 5s Terre tiaure, In ., Refunding....................4& Aurora, i d . Refund m g ............................. 5s Jennings Comity, Ind., Road...................... 5s Astoria, Oregon. (Gold), Water............. 5s Fort Worth, Texas,(Gold),Water............. 5s Waco,Texan, (Gold), St. improvement__ 5s Corsicana, Texas, School and Sewer....... 5s Laurel, did., Street Iinproveineut............. 5s Charlevoix, Mich , Refunding.................... 5g Newport, R y„ Bridge................... 4s FOK SALE BY Rudolph Kleybolte & Co., BANKERS. C IN C IN N A TI, O. ROBERTS BROS., INVESTMENT BANKERS, Street, Wykes & Co., BONDS. Rate o f Tax Total, per N E W LOANS. have a num ber o f new o ff e r in g s o f Columbus, Ohio.............................................4Xs Columbus, Ohio........................ 4s Youngstown, Ohio....................................... 6s Pittsburg, Pa., School.................................4B»s 8t. Paul, Minn........................................... 4^s S.. Paul, Minn.......................................... 7s W h i c h a p p e a r a ttr a c tiv e . Topeka, Knn................................................. 5s Denver, C ol....,............................................. 6s Tacoma, Wash.............................................. 8 b North Dakota............................................... 4s BANKERS, Rapid Trausit Ferry.................................. 5s NEW YORK Staten Island Ry........................................ .43^8 15 W ALL STREET, Hereford Ry.................................................. 4 m MUNICIPAL Personal Properly. Real Estate. Years. $ 1 ,0 0 0 . $ 7 1 ,1 0 4 ,6 5 0 $ 1 6 ,9 3 9 .8 6 6 $ 8 8 ,0 4 4 ,5 1 6 $ 15*40 1 8 9 5 ........ 6 9,2 5 9 ,6 0 0 1 6 ,0 4 1 ,0 0 0 1 8 9 4 ........ 8 5 ,3 0 0 ,6 0 0 15*20 6 6.8 4 3 .2 0 0 1 7,2 57 ,8 0 5 1 8 9 3 ........ 8 4 ,1 0 1 ,0 0 5 15*00 6 4.1 5 3 .2 0 0 1 6,8 8 7 ,6 0 2 1 8 9 2 ........ 8 1 ,0 4 0 ,8 0 2 14*60 6 0 ,9 4 2 ,3 0 0 1 6,6 9 3 ,6 0 8 189 ........ 7 7 ,6 3 5 ,9 0 8 14*60 5 7 ,8 1 9 ,2 5 0 1 5 ,6 3 3 ,0 1 0 1 8 9 0 ........ 7 3 ,4 5 2 ,2 6 6 15*60 5 4 ,4 0 6 ,7 5 0 1 3,7 4 7 ,3 0 0 1 8 8 9 ........ 6 8 ,1 5 4 ,9 5 0 16*00 5 0 ,3 3 8 ,3 5 0 1 4,1 6 4 ,2 8 6 1 8 8 8 ........ 6 4 ,5 0 2 ,6 3 6 16*00 1 8 8 3 ........ 4 8 ,5 7 0 .3 3 5 17*20 In 1895 t a x ra to in clu d e s : S tate ta x , $0*3 6 ; c o u n t y t a x , $ 0*6 4 ; c i t y $ 14 *4 0 ; to ta l, $15*40. A v e ra g e assessed v a lu a tion fo r th ree yea rs, 1 89 3 t o 1 89 5 in c lu s iv e , w a s $ 8 5 ,8 1 5 ,3 7 4 . P O P U L A T I O N .—P o p u la tio n in 1 8 9 0 w a s 8 4 ,6 5 5 ; in 1 8 8 0 w a s 5 8 ,2 9 1 ; in 1 870 w as 4 1 ,1 0 5 . A cco rd in g to lo c a l a u th o rity the p r e s e n t p o p u la tio n is o v e r 98.0 00 . 44 W A LL STREET. - NEW YORK . Spokane, W a s li. State, C o u n ty , C ity , S c h o o l B o n d s , W a rra n ts a n d L o a n s, NETTING 5 TO S P E R CENT. L. S. R o ber ts . w . B. R o ber ts ICORRESPONDENCE SOLICITED E. C. Stanwood & Co., M ORTGAGE LOANS BANKERS, 121 Devonshire Street, B O S TO N . SO IN C. H. Van Buren & Co., TEXAS. 02 B R O A D W A Y , N E W Y O R K . Interest 7 Per Cent Net. COMMISSIONS charged borrower or lender until loans have proven good. F R A N C IS S M IT H & CO ,. RAILROAD BANKERS. M UN ICIPAL BONDS 34 NASSAU STREET. Circular Letter, including list o f selected Bonds, Mailed Free. James N. Brown &c Co., BANKERS, BONDS And all Local Securities Bought and Sold. W . N. Coler & Co., STO CKS , - j BONDS, A n d H igh-G rade JInvestm ent Securities • SAN ANTONIO. TEXAS. MUNICIPAL AND LISTS SENT UPON APPLICATION. BANKERS AND BROKERS, NEW YORK B RO O KLYN AND JER SEY C IT Y B O NDS A S P E C IA L T Y . 62 Cedar Street, - - NEW YO R K MUNICIPAL, COUNTY, SCHOOL AND TOW NSHIP BONDS BOUGHT AND SOLD. W. E. R. SM ITH , 16 BROAD STREET, B en w ell & E Schermerliorii B u ild in g , NEW YO R K , 6 W A L L ST, v e r it t -MUNICIPAL ISSUES IN THE STATES OF N EW YO R K & N EW JE R S E Y A SPECIALTY Bank and T rust Company S t o c k s New York and Brooklyn BOUGHT A N D SOLD. ■ C LIN T O N G IL B E R T 2 W A L L ST., NEW YO R K .