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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
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1 89 4
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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

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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 .