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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 R C IA L IN T E R E S T S O F T H E U N IT E D
STATES.
Entered, according to Act at Congress, In the year 1894, b y Wit. B. D ana & C o., In the office o f the Librarian ot Congress, W ashington, D . 0 .)
SATURDAY, JANUARY 27, 1894.
VOL. 58.
% h t
NO. 1492.
Week Ending January 20.
( f t h r o u ic le .
If-QS.
A«,«es,6»: 8#0,4*8,«82 —
Nsw Tork..,.
Terms o f Sal gjrlption—Payable la Advance:
Sola of—
(M ea n ..........
(Orotn.......
B or One Y ear............................................................................. fXO 00
F or Six Month*..........................................................................
6 00
European Subscription (including p ostage).............. ....... 12 00
Pro y ‘, d e u c e ,............
European Subscription Six Months (Including postage).
7 00
H a n f o r d .. . .................... .
Annual Subscription la London (Including p o s t a g e )...,* " 10*.
New H a r e n .. . . . . . . . . . . . .
S prtm cdeld-... . . . . . . . . . .
81x Mos.
do.
do.
do.
. XI 10s.
W o r o M te r ........... .
•
The tsYJWTogs' S tr m ju o O T o f 160 pages t* issued every other P o r t la n d .... . . . . . . . . . . .
m onth, on the last Ssttu-daysof January. March, May, July, September Fall H ir e r .......... ..............
»nd November, and furnished without extra charge to all subscribers L o w e l l........................... .
New B e d f o r d . . . . . . . . . . . . .
o f the Cb s o s i c u t for six months o r longer.
The Sta t s and C m g u r r u m n T o f 184 page* is also given to every
T o ta l H aw E n g la n d ...
yearly subscriber o f the CiiKOXICia.
Subscriptions w ill b e continued until definitely ordered -topped. PbU*6*tp&l*..................
t t u b o n t . . . . — ..
The publishers cannot be responsible fo r rem ittance* unless made by P
B a lt im o r e .............. ........
drafts or by Post Office o r Express m oney order*.
B uffalo.................... . . . . . . .
File covers are sold at 50 cents each, and to new subscribers fo r a W a e h la g t o o ............ . . . . .
year o n e file c o v e r Is s u p p lie d w it h o u t c h a r g e ; p o s t a g e o n t h e s a m e Is R o e b e a t e r ..... . . . . . . . . . . .
18 cent*.
S y n e s i e . . . ..... . . . . . . .
Terms of Advertising—(P er inch space).
O n e tim e ................................. *3 50 I Three Months <13 timesi
One Month
(4 time**.. Xl 00 I Six Months
<28 "
t ..
T w o Months
<8 **
13 00 ! T w elve Months <52, « ).
(The above terms for one m onth and upward are for standing
$25 00
43 00
38 00
cards.)
tfiB B r *
d
flucaarsoA
Km* Andie* January 17.
1804.
Jf4w Y o r k ....,™ ™ ,.™ ..,.
Bo*stori......
...........
PWlMii&lpMm
B*Hlmor©...... — ... . . . . . . . .
CUlCAfO..^..
6 i Loais..^...
.
H«w Orlewa*
..............
18f3.
§«#4 ,+40,883
8i,470.6-«O
89*128.986
13,304,773
83,331,116
30,382,815
11,257,110
« , W f* 45
44,888,406
10,337,308
50,005,; 68
18,380,835
9.366,200
8«y«n eiliM* $
Ot&flT eltiefi, 8
§875,847,138
133,398.741
Total »U ctaea, 8 C ay «..„
All cftlaa, 1 day.....................
2SBS.Si5.S77
132,271,374
2X.lMh27.2d2
iSO.721.875
Total ail ottMa for week..
2M6.S17.14l
*M M ,-7*.2Jd
•
.1378,984.009
150,08?,334
Pur Cmt.t
-33-0
-35*1
-18*4
-ax-x
-1 0 4
-*«■»
—iX*0
-17*8
-8 7 h
-i O S
-M 4
1,727,791
B83K
...............
1.670.808
578*8:
533,5
98.5S7.74S
Satan
ses-osi
811.79A
100.41A9W '
W t,«S8.*7« '
0U19.542
18,679.482
I7,133.3*7
f -s2 8i1
1........ .
W iim ln g io n — .......... .
Bing ham t o a .. . . . . . . . . . . . goraa&sa
............
T o ta l M i d d l e . . .. .. .. .. .
1,051,021
SB
—21*7
-2 3 0
-f-13-7
1*1,101,735 ' 130,465,674
7,667*147
1.755'
—82*1
—10“9
.1!
- 2 0 ’S
701,650
372,400
684,951
—10-0
-22A
+38-5
“ 92,930,. ”
:8 3
103,232
—ty*
1 5 8 ,3 4 5 ,9
-2tr8
290,852
244,017
i3|. 113.589 *
—82*0
16.183,425
San Wra aeiaoo.. . . . . . . .
P o r t la n d ..-,. . . . . . . . . . .
8«U l**ke C ity . . . . . . .
S e a ttle ......................
TauMMUk.. . . . . . . . . . . . . . .
L o e A a g e le e .. . . . . . . . . .
H e le n a ., . . . . . . . . . . . . . .
sp ok an e . . . . . . . . . . . .
Sleet* Wmli*... . . . . . . . . .
2,013.068
1,760*000
1,114,785
vm.tmtf
m9.235
1,090,168
1,041,247
113,827
.... .
3j8§^573
T o ta l P a d fie
26,452.2 90
-51*9
—21*5
-4 7 ’5
—36*9
—81*4
-4 4 * 8
—75*1
+18 0
_*7*0
U . SI 4.221
ffenae-r C i t y . . . . . ------M lnneapoLia., . . . . . . . .
Omaha.
I t , P a al.
D e a r e r ............ . . . . . . . . .
D a ia t h ,... . . . . . . . . . . . .
Bt. J o e e p d . . . . . . . . . . . . .
Slow s C i t y . . . . , . , .........
>ee M ato#*.................
L taoola....................
W ich ita ....... .
T o p e k a .... ....................
F r e m o n t...
T ota l O th er W e t t e r
87,971
SSJ554,773
New Orleans..
24.871.^7
1-2.184,134
8,28a , 149
tjm jn i
6M18.4*0
2,111,613
2,7ti.64'2
1,441.443
1,284.391
709,792
i.Gi 2,8*8
&i*UK,7
584.782
551.081
V U Jtr
t « »
POT.SMJM
O a U ld * N *w T o r k ..
814.860
1.042,073
062,938
615,380
406,106
91,747 _
32,896.695
a sa ®
i «
assas
h-S.’So
VR
-1 3 4
+7
+IS
g n
“ 71,132,06?
-xt*a
BOT.B0V
19.MA801
■Not IrolnaeS In total*.
«.9.m
-S3.iwe^o ”
UMJ0MS1
'W 5 5 5 ■
m
51,316
10,0
12.B74.U10
M ontr**l .......................
iJ S I
t!o -
(WWOBA
em.en
mmm
13407,513
27.A1S.JW
ii.eas.se?
S^OTJfW
I
K
Total Southwm.......
5,033,283
49.278.417
as®
Dalian....... .........
r w P w o itk t.*
B irm in g h a m ,..,
C h a tta n o o ga .............
J tok M m vu M ...................
-38*7
2,943,723
8.897,24»1
1,026,177
642.871
*60,<O6
98,99*
g
a
1A93.668
17,307,97*
9,645,460
5,120.004
i
5.091,205
4.754,382
1,736,283
X'tPM
Ktt
732,144
R ic h m o n d ........................ .
N a a b r u i# ................
S aran nah . . . . . . . . . . . . .
M em p h is. ... ............
W in n ip e g .* .,..................
T o ta l C a n a d a ...,____
m
5.676.630
*.621.894
3,275,800
1,528, .70
1,407,600
927,187
$98,500
*281,713
Bay City . . . . . . . . . . . . . .
SprSmtdeld. O . . . . . . . .
C S m lo n ...------ -. . . . . .
T o ta l M id d le W eetern .
Tot«l *11.............
H S8
Aneo.we
l
H ouston..,,............. .
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings'being made up by
the various clearing bouses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimate*!, aa we go to press Friday night.
We give below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur
day noon, January 20, as well m the comparative totals in
189$, The total exchanges show a decrease front the previ
ous week of nearly fifty million dollars, the loss at New
York being sixty-one millions. Compared with the corres
ponding period of 1893 all but nine of the cities record losses,
and in the aggregate for the whole country there is a decline
of 37-7 per cent. The most important percentages of decrease
this week have been at Helena, 70-2 per ce n t; Spokane, 69*9;
Portland, Oregon, 53-6; Seattle, 56*9 ; Chattanooga, 55*3 ;
Denver, 53*8; Sioux City, 49 3 : Akron 48*4 and New York,
47*5 p*>r cent. Considerable gains are recorded at Norft Ik
and Savannah.
t »
-3 1 -3
S.Sso.-oo
Ih i
Akron,
The following table, made up by telegraph, etc., indicate*
that the total bank clearings of ail the clearing houses of the
United States for the week ending to-day, January 27, have
been $835,817,151 against
>907,63(5,1.74 last week and
$1,856,779,268 the corresponding week last year.
P. Cent-
ISM .
5»,7*78,088
113,192,79*.
C feiaago... . . . . . . . . . . . . . . . .
Clnuanaati,.. . . . . . . . . . . . . .
M it w a a k e e ..... . . . . . . . . . .
London Agents:
D e tro it...................... .
d .. . . ......... .
Messrs. R d w a e b s A S u m , 1 Draper** Cardens, K. C., will take sttb- C ieT elan
■ '• it...............
aertptton* and advertlsetneats, and supply stogie eoptea o f the paper" tudSasapolie,.
.......
at Is. each,
p e o n * . ........
......
W-ILLJAW n.
(W 1 I .L M S
H . D A M A A C o ,, P u b lis h e r s ,
Grand K*pUU........ - WILLIAM a . D A s A. \
, 0#
M r„ t, NEW Y O H K .
Laidoftoa.............
jo in t a. n o n .
f
P ost O t r i c * B o x 9 5 8 .
SMbgtnaw.. . . . . . . . . . . .
CLEARING HOUSE RETURNS.
Week End’ll Jan. 13 .
[P , Cent.
21*870,881
*3*
-14*5,
—22*6 '
h s *
THE
152
rvoL.
CHRONICLE.
An
THE
in
STATE AND CITY D E fA B T M E flT ,
lviii
im p o r t a n t e v e n t h a s b e e n a r e p o r t e d s e m i- p a n ic
C a lc u t t a
cau sed
by
th e
fe a r t h a t L o r d
K im b e r ly
w o u ld a c c e p t a n y ra te o ffe r e d a t t h e n e x t sa le o f C o u n
See p a g e * 188, 189, 190, 191, 192 a n d 193 for our
State and City Department.
c il b ills in L o n d o n .
u n s e t t le d b y
T h e I n d ia n m a r k e t w a s la s t w e e k
ru m ors
t h a t an
im p o r t
d u t y w o u ld h e
p la c e d on s ilv e r , a n d w h e n th e se r u m o r s
w e re d e n ie d
All advertisements with relation to State and City Bonds t h e r e p o r t t h a t C o u n c il b ills w o u ld b e s a c r ific e d w as
will likewise be found on the same and following pages.
r e a d ily a c c e p t e d as tr u e .
T h e p r ic e o f b a r s ilv e r f e l l
t o 3G| p e n c e
THE FINANCIAL SITUATION.
The
m ovem ent o f
in d u s tr ia l
m a rk e d b y an y d is t in c t
a ffa irs
June
has n o t b e e n
c h a n g e t h is w e e k .
D o u b t le s s
26
per
o u n c e , v e r y n e a r t h e fig u r e r e c o r d e d
la st y e a r w h e n th e a n n o u n c e m e n t w as m a d e
th a t t h e I n d ia m in t s w o u ld b e c lo s e d
c o in a g e .
b u sin e s s is g e t t in g in t o b e t t e r s h a p e a n d t h e r e is a slo w
w as
d e v e lo p m e n t in p ro g re s s .
U n t i l W e d n e s d a y th e
f e v e r is h .
T h u rsd ay
t o p u b l i c s ilv e r -
m a rk et fo r th a t m etal
th e re
w as
a recovery,
th e
T h is is e v id e n t , f o r n o t o n ly
c a b le s t a t in g o n t h a t d a ^ th a t t h e E n g lis h G o v e r n m e n t
a rc m ills r e s u m in g w o r k , h u t s o m e im p o r t a n t m a rk e ts
h a d n o in t e n t io n o f p u r s u in g th e p o l i c y s u g g e s t e d w it h
are
r e f e r e n c e t o C o u n c il b ills , a n d th is s t a t e m e n t a p p e a r e d
e x h ib it in g a h e a lt h ie r
to n e,
la r g e
cla sses o f m e r
c h a n ts are r e p o r t in g an in c r e a s e o f o r d e r s , a n d r a ilr o a d
to
e a r n in g s a re s h o w in g s lig h t im p r o v e m e n t .
te n d e rs
fe a t u r e
has b e e n
year o p e n e d ;
c o n t in u o u s
fo r
th e
T h e la tte r
n o w e v e r s in c e t h e n e w
fo u rth
w eek
of
D e c e m b e r 71
be
c o n fir m e d
by
th e
f o r h ills w ere
w e re m a d e a t a s e t p r ic e .
T h e re w o u ld a p p ea r to b e a
ro a d s s h o w e d a d e cre a se o f 1 6 -8 7 p e r c e n t , w h ile f o r th e
first w e e k o f
p o lic y
t o b e a d o p t e d w it h
T h ere
is
1 4 -2 8 p e r c e n t , th e
70 roa d s r e p o r t e d a d ecrea se o f
secon d
w eek o f
J a n u a r y 72 r o a d s
t h a t w h ile n o o r d in a r y
s p e c ia l a llo t m e n t f o r C a lc u t ta a n d a n o t h e r f o r B o m b a y
g o o d d e a l o f f e v e r is h
Ja n u a ry
fa ct
a c c e p t e d o n t h e p r e v io u s d a y , a
no
u n c e r t a in t y in L o n d o n a b o u t t h e
r e fe r e n c e t o s ilv e r in I n d ia .
d o u b t t h a t t h e p la n n o w i n f o r c e h a s n o t
r e p o r t e d o n ly 1 0 -4 2 p er c e n t d e c re a s e , a n d n o w f o r th e
m e t e x p e c t a t io n s , a n d t h e q u e s t io n o f t h e d a y s e e m s t o
t h ir d
be— w hat n e x t?
w eek
d e cre a se
th a n
we
h a ve
com p a red
la st
w eek.
o n ly
w it h
29
r o a d s as y e t , b u t
1893
T h is d o e s
proves
not
s m a lle r
in d ic a t e
th e
C u r r e n c y h a s c o n t in u e d t o fin d it s w a y t o t h is c e n t e r
even
a r a d ic a l
in
la rg e
v o lu m e
t h is
w eek.
A n o th e r
c o n s id e r a b le
tu r n f o r th e b e t te r , b u t a m o d e r a t e g r o w t h in bu sin ess
a d d it io n t o re se rv e s a n d t o d e p o s it s w ill c o n s e q u e n t ly
— a ll th a t c o u ld
be rep o rte d to -d a y . L a s t w eek th e b a n k r e tu rn sh o w e d
be e x p e cte d
u n t il
s o m e o f t h e m ore
a s u r p lu s re s e r v e o f $102,754,450.
T h e r e w e re $238,331,000 s p e c ie a n d le g a l te n d e r s ; $542,306,200 d e p o s it s
A y e a r a g o t h e s u r p lu s
fe a r o f c u r r e n c y in s t a b ilit y , b e c o m e r e -e s ta b lis h e d w h ile a n d o n ly $419,685,900 lo a n s .
re
s
e
r
v
e
wag
$22,529,600
;
t
h
e
t
o
t a l c a s h $142,520,500 ;
t h e sen se o f in s e c u r it y is b e in g f o s t e r e d n o t o n ly b y a
W ith
d a ily r a p id d e c lin e o f th e T r e a s u r y b a la n c e b u t m o r e d e p o s its $479,963,600, a n d lo a n s $447,074,100.
p r o m in e n t
c o n d it io n s in
th e
I I o w c o u ld
c o n fid e n c e , w h ic h
s itu a tio n
w as
a re m o d ifie d .
d e s tr o y e d th r o u g h
th a n th a t b y s e n sib le C o n g r e s s m e n m e e t in g to g e th e r in
c o m m it t e e a n d c o m p e llin g
S e c r e ta r y
C a rlis le t o p r o v e
s u c h a c o n d i t io n o f p le t h o r a it is n o t s u r p r is in g t h a t
m oney
on
c a ll,
I n d e e d th e w h o le c o u r s e o f p r o c e e d in g s in th e m a tte r
at
h u t e x h ila r a tin g o r re s to r a tiv e .
q u o te
W e r e it n o t th a t th e
p o w e r to d e g tro y r e v iv in g c o n fid e n c e h a d b e e n in la rg e
1|- p e r
cen t,
m e r c h a n t s a re
id le
b o n d sales, w e
c a p it a l
s h o u ld e n te r ta in b u t lit t le p r e s e n t h o p e o f b u sin ess r e c o v
la te r a l.
e ry . A s w e sa id la st w eek r e lie f f r o m th e e x is t in g d e p r e s
p r o m p t ly
s io n is im p o s s ib le so
a cce p te d .
lo n g as
e ith e r
at
th e
hom e
M o r e o v e r , th e re is g x > d reason
b o n d sale c o u ld h a v e ta k e n
has
T r e a s u r y s itu a tio n
or
fo r
p la c e
a b ro a d
u n s a fe .
s a y in g th a t i f t h is
im m e d ia t e ly o n
banks
and
B e n e w a ls w e r e
tru st
c o m p a n ie s
T im e
m oney
is
p r e s s in g u p o n t h e m a r k e t f r o m e v e r y q u a r t e r , a n d e v e n
o f th e A d m in is t r a t io n w it h r e g a r d
to
and
2 p e r c e n t as th e m in im u m .
m e a s u re ta k e n o u t o f th e h a n d s o f C o n g re s s b y th e a c t
c o n s id e r e d
b a n k e r s ’ b a la n c e s ,
a v e r a g in g n o t m o r e t h a n 1 p e r c e n t .
o f le g is la t io n a t W a s h in g t o n is a t t h e m o m e n t a n y th in g
is
r e p r e s e n t in g
lo a n e d as lo w as -j- o f 1 p e r c e n t a n d a t 1-J t h is w e e k ,
th a t a b o n d issu e w as n e ce s s a r y !
2\
s e e k in g t o fin d e m p lo y m e n t f o r t h e ir
by
The
o ffe r in g
dem and
s u p p lie d ,
R a te s a re
to
is
a lm o s t
2 per
p e r c e n t f o r n in e t y
le n d
v ery
any
on
stock
lim it e d ,
good
c o l
and
s e c u r it y
it
is
b e in g
c e n t f o r t h ir t y t o s ix t y d a y s ,-
days to fo u r m o n th s
3-J- p e r c e n t f o r fiv e t o s e v e n m o n t h s .
and 3 to
C o m m e r c ia l
th e
p a p e r r e m a in s u n c h a n g e d ; t h e d e m a n d f o r fir s t cla s s
r e p e a l o f th o -s ilv e r -p u rc h a s e la w th e c o u n t r y w o u ld n o t
n a m e s is v e r y g o o d , b u t th e s u p p ly o f t h is g r a d e is e x
h a v e h a d to e n d u r e th e m o r e r e c e n t d is tre ss it h a s b een
c e e d in g ly lim it e d .
f o r c e d t o pa ss th r o u g h .
p a p er,
W e h a v e b e e n s k a tin g o n th in
ic e e v e r s in c e th e re p e a l, a n d t h a t k in d
n e v e r fr e e d a t im id m a n or
body of
h e n s io n .
S t ill m a n y C o n g re s s m e n
th is w e e k
have d on e
C a rlisle ’ s e ffo r t a n d
m en
and
w h a t t h e y c o u ld
so
m ake
T r e a s u r y reserve im p o s s ib le ;
th e
it
is
of
e x p e r ie n c e
f r o m a p p re
but
a b u n d a n t.
th e
A
f a ir b u s in e s s is
o ffe r in g s
Q u o t a tio n s are
of
t h is
done
cla s s
a lso
in
good
are
not
3 t o 3-J p e r c e n t f o r s i x t y t o
n in e t y -d a y e n d o r s e d b i lls r e c e iv a b le , 3 f t o 4| p e r c e n t
S e n a to rs e v e n
fo r fo u r
to
p e r c e n t f o r g o o d s in g le n a m e s h a v in g f r o m f o u r t o s ix
d e fe a t M r.
r e s to r a t io n o f
th e
m o n t h s c o m m is s io n h o u s e n a m e s a n d 4 | t o 6
m o n th s t o r u n .
g r a t if y in g to k n o w
I n a d d it io n to t h e flu r r y in s ilv e r in L o n d o n a n d t h e
t h a t “ so u n d w ith o u t sen se” has in th a t m a tte r a t lea st
sem i p a n ic in C a lc u t t a , n o t e d a b o v e , t h e f e a t u r e a b r o a d
v ery lit t le in flu e n c e .
has b een
I n th e H o u s e a ll le g is la t io n also
d e a re r
d is c o u n t s in
has a p p e a re d t o b e c e n t r e d u p o n an in c o m e ta x , a k in d
first s u p p o s e d , t o s o m e fe a r th a t
o f cla ss e n a c tm e n t (c la im e d to
in c lu d e
to
0 0 0 in d iv id u a ls in th e w h o le
cou n try )
les3 th a n 1 0 0 ,w h ic h
sets
a
th e
L o n d o n , d u e , it was a t
$50,000,000 5 p e r c e n t
f o r e ig n
s u b s c r ip t io n s
b o n d is su e w o u ld b e
la rg e , t h u s c a llin g f o r s h ip m e n t s o f g o l d t o N e w Y o r k .
p r e m iu m o n d is h o n e s ty a n d is s im p ly a sop th r o w n t o
W h e n t h is fe a r w a s d is p e lle d a n d d is c o u n t s d i d n o t f a l l ,,
t h e P o p u l i s t ; w h ile in th e S e n a te th e s u b je c t ju s t n o w
it w as sa id th a t th e fir m n e s s w as c a u s e d b y th e a p p r o a c h
o f d e e p e s t c o n c e r n is h o w to f o r c e t h e P r e s id e n t to
in g s e t tle m e n t o f t h e I n d ia lo a n f o r
a llo w S e n a to rs t o n o m in a te as w ell as c o n fir m a p p o in t
T h u rsd a y w h e n n ew s ca m e th a t E n g la n d
m e n ts to o ffice .
p r e p a r a t io n s t o d e m a n d r e d re s s f r o m
In
th e
m e a n tim e , is it
any w on der
£2,500,000 a n d o n
th e
w as
m a k in g
K h e d iv e
of
t h a t th e r e v iv a l o f b u sin ess is p r o c e e d in g o n ly v ery slow ly ? E g y p t f o r a n a lle g e d in s u lt , it w as t h o u g h t t h a t t h is h ad:
THE CHKONICLE.
2 1 , 1S94.]
J a .v t a r y
s o m e t h in g
to
d is c o u n t
do
w ith
r a te .
r e m a in s u n c h a n g e d
o a b le
rep orts
th e
in
h ig h e r
Bank
m um
d a y b a n k b ills
th e
The
at
ra te
of
open
3
per
fo r
m i n i
cen t.
s ix t y
to
L r a d o n 2 per cen t.
The
n in e t y
At
P a r is th e
o p e n m a r k e t r a te is 2 | p e r c e n t , a t B e r lin i t is
cent
a n d at F r a n k f o r t
ra te
in
G e rm a n y
r e c o n c ilia t io n
2£ per cen t.
is s a id
e ffe c t e d
In cre a se
(3 5 ,2 3 2 ,0 0 0
p o rte d b y
tu rn .
don
th e
betw een
th e
d u rin g
Bank
to
of
th e
in
E m p eror
s p e c ie
G e rm a n y
oar
s p e c ia l
E a g la n d
th e w eek, a n d
th e
and
h a r e b e e n d u e t o t h e la rg e
m a rk s)
Bank of
A c c o r d in g
2 § per
T h e f a l l in
to be c a u s e d in p a r t b y th e
P r in c e B is m a r c k , b u t m a y
in
h o ld in g s r e
its
c a b le
w e e k ly r e
fr o m
L on
g a in e d £ 3 4 4 ,3 7 0 b u ll io n
h e ld a t
th e
T h e D e ce m b e r re tu rn o f
m a rk et
E n g la n d
c lo s e £ 2 7 ,3 8 4 ,9 3 1 .
is th e b e s t
m o n t h ly
s m a lle r th a n in
th e
P e n n s y lv a n ia R a ilr o a d
we
have
had
fr o m th a t
T h e lo s s iu g r o s s e a r n in g s is
m o u th s
p r e c e d i n g , w h ile
th e r e
d u c t io n e ffe c t e d in th e e x p e n s e a c c o u n t s has b s e n la r g e
a n d n o te w o rth y .
E r ie t h e
O n th e lin e s
decrease
in
g ro s s
ea st
of
P it t s b u r g a n d
is r e p o r t e d
w h ic h c o m p a r e s w ith $ 7 2 9 ,1 3 0 d e c r e a s e
a n d $ 3 1 0 ,6 0 8 d e c r e a s e i n O c t o b e r .
as a r e s u lt o f
a d o p te d ,
in
th e
e a r n in g s
at
has
la r g e
been
su m
a
of
4 6 3 2 ,0 7 8 ,
iu
N ovem ber
A t th e sa m e tim e ,
t h e v ig o r o u s m e a su re s o f
th e re
re tre n ch m e n t
r e d u c tio n
$ 3 1 6 ,5 5 7 ,
in e x p e n s e s
so
th a t
net
a c t u a lly s h o w a g a in — in a m o u n t $ 1 3 4 ,4 7 9 .
O u th e lin e s w e st o f P it t s b u r g t h e r e s u lt is n o t
q u it e
so fa v o r a b le , t h e r e b e i n g a lo s s o f $ 7 0 7 ,3 9 2
gross
e a r n in g s
d u e t o r e c e ip t s f r o m
th a n f i r t h s
in t e r io r o f G r e a t B r it a in o f
th e
e x h ib it
c o m p a n y f o r s o m e tim e .
O u r c o r r e s p o n d e n t f a r t h e r a d v is e s u s th a t th e g a iu was
th e
153
fo r
th e m o n t h ,
in
w h ic h is s o m e w h a t
p r e v io u s m o n t h s , th e lo s s iu
£ 3 0 9 ,0 0 0 a n d t o im p o r t s o f £ 1 5 ,0 0 0 , o f w h ic h £ 1 8 ,0 0 0
h a v in g b een $ 6 3 7 ,8 9 4 a n d iu
w ere fr o m G e r m a n y , £ 3 ,0 0 0 fr o m H o lla n d a n i £ 1 1 ,0 0 0
th e r e d u c t io n iu e x p a n s e s h a s b e e n o n ly $ 1 8 1 ,8 3 0 , th u s
f r o m o t h e r C o n t in e n t a l p o in ts .
le a v in g a lo s s in
F o r e ig n e x c h a n g e was d u ll a n d s te a d y u n t il W e d n e s
day,
w hen
d is c o u n ts
lo n g
in
s t e r lin g
w as
L on d on , and
in flu e n c e d
by
d e a re r
n e t o f $ 2 2 5 ,5 1 2 .
$ 6 6 6 ,8 7 6 , w h ile
I t d eserves to
be
n o te d th a t o n th e E a s te rn a n d W e s te r n H ues c o m b i n e d
th e r e d u c t i o n in e x p e n s e s f o r th e m o n t h has b e e n o v e r
t h e f o l l o w i n g d a y th e
1£ m illio n d o lla r s — a c ir c u m s t a n c e w h i c h s h o w s a t o n c e
m a rk e t w as ir r e g u la r w ith s t e r lin g A rm , a t a r e c o v e r y
th e m a g n it u d e o f .t h e c o m p a n y 's o p e r a t io n s , u n d e r w h ic h
f o r lo n g , a n d C o n t in e n t a l b ills e a s ie r in c o n s e q u e n c e o f
s u c h a r e d a c t i o n is p o s s ib le , a n d t h e e f f e c t iv e w a y in
lo w e r d is c o u n t s
c h a n g e at
on
O ctob er
h e a v ie r
N ovem ber
in G e r m a n y
and
B e r lin o n L o n d o n .
a lso
a
rise
in
ex
T h e r e c e ip t s o f c o m m e r
c ia l b ills a g a in s t c o t t o n a n d b r e a d s tu ff* w e re n o t
la rg e
w h ich
t h e c o m p a n y ’s d e c la r e d
b e in g c a r r ie d o u t .
p o lic y o f
m o n th s p r e c e d i n g , i t w ill b e o b s e r v e d
tio n s ,
g e n e r a lly
seem to in cr e a s e
th e
dem and.
m itte r s f o r o th e r p u rp o s e s
p a r t ia lly s u b s id e d
d id
not
e n tir e
T a e in q u ir y fr o m
re
$ 4 1 ,0 3 3 , w h e re a s in
a g a in s t
X ew Y ork ,
w as o n ly m o d e r a te
by W ed n esd a y , w hen
th e r e
a n d it
w as an
e a s ie r t o n e , w h ic h w as r e fle c t e d in a n ir r e g u la r fa ll, o n ly
t w o o f th e se v e n le a d in g d r a w e rs m a k in g r e d u c t io n s iu
s ig h t s t e r lin g . O n th e f o llo w in g d a y t h e r e
d u e t o a lit t le b e t te r d e m a n d .
was a r e c o v e r y
T h e m a r k e t is s t ill v ery
n a r r o w a n d e a s ily in flu e n c e d b y c o m p a r a t iv e ly s lig h t
o p e r a t io n s , a n d a t th e m o m e n t th e r e a p p e a r s t o b e a d is
p o s it io n
on
th e p a rt o f
in t e n d in g r e m it t e r s
t o w ait
a n t! see w h a t e f f e c t th e s u b s c r ip t io n s fo r th e $ 5 0 ,0 9 0 ,00 0 bond
is su e w ill
h a v e.
th e s e s e c u r it ie s s h o u ld
I f t h e h o m e d e m a n d fo r
b e la r g e , in d ic a t in g a llo t m e n t s
s y s te m
th e
los s in n e t f o r
N ovem ber
a n d in O c t o b e r 4 7 4 2 ,2 1 3 .
t h a t t a k in g th e
D ecem ber
is
t h e lo s s w a s
In th e f o l l o w i n g w e g iv e th e
re su lts f o r th e E a s t e r n lin e s f o r a s c r ie s o f y e a r s .
Ll.VB* M A tt O f
PiTTSHtm©.
wen.
m i.
De<e*mb0r,
j
#
%
0 rom m m tm * »„»*„! %j&J&Sts, &M AM J
4.40134?
K«t Mi«disg»,.*j
m
$
wm.
t
6.S04.31?
M W 570
i.w n .s w i i .i s s .s i a
Jan, l rn .Dm. Ml.
Or *»• e * r a l n o . . . . .
« K .*ii.S t5 «J?,4f3.8*t M ,S03,t69 at.5W,M& 68.172,078
O p e ra x 'g %xpes3S’e * .
4S jH iV JM ii iS.P l7 .t 45*44 OBO.ftSfiU t,Gartj|n,apRSt%
\lyf
jf« t
g ),417.6lOi 1%640.92&
- , j g J f l h W ga,Cf?t.£*ci gLiTpjHM 21
T h e fig u re s f o r the, t w e lv e
te n t io n .
N o t w i t h s t a n d in g
m o n th s
th e
h e re
v e ry
a ttra ct
heavy
in g o f f o f o n ly 2 4 m illio n d o lla r s f r o m
a d v a n c e in rates w o u ld p r o b a b ly f o llo w , u n le s s th e fa c t
th e d e c re a s e is o n l y $ 6 4 3 ,2 7 7 .
in s p ir e s u c h c o n fid e n c e a b r o a d in th e s it u a t io n h ere as
loss o f $.3 49,75 1 in t h e n e t o f th e
t o s t im u la te p u r c h a s e s o f A m e r ic a n r a ilr o a d s e c u r it ie s
bu rg
T h e im m e d ia t e fu t u r e o f
f o u n d to be i e ? - t h a n a m i llio n d o l l a r s :
u p o n th e f e e lin g
e r t ie s .
of
m a r k e t g r e a t ly d e p e n d s
E u ropean s
r e g a r d in g th e se p r o p
T h e f o l l o w i n g ta b le sh o w s
th e
d a ily
ch a n ges
in rates o f e x c h a n g e b y th e le a d in g d ra w e rs .
fjgff
amm
Mm&mn it Os* |
.*,
AM
Am
8*ak<*r
Am
Mm
otftfwtiu,.,
tm
C ttH Itt BmOttMUim.. AM
U Command. \«i*JU..... tm
fsji- ? &} <iajr*., a mm
k c # I StefsL...,. A*7*
AM
*sum
Unnit StttiiJi
Mak
fm
f
»,
SX
M
m
m
§$
m
m
m
m
m
m
m
m
mm
m
®§
mm
mm
m
m
#*
M
m
M
m
Mi
m
M
m
m
Mrim
m
n
mm-&
M
in
M
m
m
m
m
i
A'6
m
mm
ss
60
day
and
4 88
fo r
s ig h t .
R a tos
fo r
to ta l
E r ie th e
I f w e a d d to
lin e s
t h is
w est
of
th e
P it t s
to t a l lo s s o n t h e e n t ir e s y s t e m is
and
th is in
a
.year d u r i n g th e la st h a l f o f w h i c h in d u s t r ia l in t e r e s t s
w ere p r o s t r a te d as n e v e r b e f o r e in th e c o u n t r y ’s h is t o r y .
c o m b in e d
loss
fo r th e
year
is
$ 3 ,6 9 3 ,8 0 8 .
.Som e o f th e o t h e r r o a d s w h ic h
h a v e fu r n is h e d t h e ir
D e c e m b e r e x h ib it s th is w e e k h a v e n o t d o n e as w e ll a s
m
m
m
th e P e n n s y lv a n ia .
T h e C h ic a g o M ilw a u k e e & S t . P a u l
s h o w s f o r th a t m o u t h a los s o f $ 7 5 7 ,4 4 3 in g r o s s e a r n
f*4
m
m
in g s , a t t e n d e d b y a d e c r e a s e o f
o n ly $ 2 3 6 ,4 3 5 in e x
p en ses, th u s le a v in g a los s iu n e t o f $ 4 7 0 ,9 5 8 .
H ow
m
e v e r, f o r th e six m o n t h s f r o m J u l y 1 ( t h o first h a lf o f
figs
th e c u r r e n t fisca l y e a r ) w ith a d e c re a s e o f $ 1 ,8 8 3 ,4 0 9
m
in g r o s s e a r n in g s , e x p e n s e s h a v e b e e n r e d u c e d $ 1 , 2 8 1 ,-
T h e m a rk e t c lo s e d d u ll a n d s t e a d y a t 4 85$ t o 4
fo r
and
In g ro s s e a r n in g s th e
Mmu. Turn* w «4 „ Tfcttwu
r«u
Jim. If, Jim, 23. Jam SSL imn, 14* J*a. £$. fan. UL
a fa ll
th e h e a v y
o f 682 m i llio n d o lla r s in 1 8 9 2 , w h ile in t h e n e t e a r n in g s
o f th e s u c c e s s fu l p la c i n g o f th e s e b o n d s a t h o m e s h o u ld
th e
a t
lo s s e s i n
r e c e n t m o n t h s g r o s s e a r n in g s f o r th e y e a r s h o w
is su e w o u ld b e r e m o v e d , a n d an
mm.
#
J
f
5.4P5.SG4 4
3,811,02© SfllMJBU
4,2 I4.I2G
i n g in flu e n c e
th e
o u ly
$ 5 3 1 ,5 6 4
■of t h e w h o le a m o u n t t o d o m e s t ic in v e s to r s , th e d e p r e s s
of
is
th e D e c e m b e r r e t u r n as c o m p a r e d w ith t h e r e t u r n s o f th e
a t a n y tim e d u r i n g th e w e e k , a n d t h e a r b it r a g e o p e r a
th o u g h
econ om y
A s i n d ic a t in g th e im p r o v e m e n t in
86 3 0 5 , le a v in g th e los s in n e t $ 6 0 2 ,1 0 4 .
a c tu a l
In o th e r w ord s,
fo r th a t p e r io d th e f a l lin g o f f is b u t lit t le g r e a t e r t h a n
b u s in e s s w e re 4 8 4 } to 4 85 f o r lo n g ; 4 8 6 } to 4 8 7 fo r
fo r D e ce m b e r.
s h o r t ; 4 8 7 t o 4 8 7 } f o r c a b le tr a n s fe r s ; 4 8 4 } t o 4 8 4 4
S t. L o u is is a n o th e r roa d w h ic h
f o r p r im e a n d 4 8 3 f t o 4 8 4 f o r d o c u m e n t a r y c o m m e r
d e c re a s e s , b o t h f o r D e c e m b e r a n d
c ia l b ills .
D e c e m b e r t h e r e is a f a l lin g o ff o f
T h e C le v e la n d C in c in n a t i
C h ic a g o &
h a s s u s ta in e d
h eavy
th e s ix m o n t h s ; f o r
$ 1 9 0 ,1 3 3
in g r o s s
164
THE
CHRONICLE.
earning* and of $119,050 in net earniDgs, and for the
half-year a decrease of $879,390 in gross and of $343,289 in net earnings.
The Wabash in December
suffered a loss of $104,350 in gross and a loss of
$128,425 in net.
The Northern Central, one of
the lines controlled by the Pennsylvania Railroad, but
operated separately, reports for December a decrease
of $105,400 in gross earnings, but accompanied by a
saving of $98,727 in expenses, making the loss in net
only $5,673.
For the calendar year the road reports
♦809,484 decrease in gross and $39,720 gain in net.
The Allegheny Valley is also a Pennsylvania Railroad
property, which is operated separately; it shows $53,066
decrease in gross and $3,542 decrease ia net for
December and $199,879 decrease in gross and $156,666
decrease in net for the calendar year. The Buffalo
Rochester & Pittsburg reports for December $3,529
inert use in gross and $29,188 increase in net. For the
sis months to December 31 gross earnings of this road
have increased $38,694 and not earnings $39,663. The
New York Susquehanna & Western for December has
net of $59,398 against $45,433 and the Western
Maryland net of $22,427 against $27,942. For
November the Savannah Florida & Western has net of
$153,603 against $103,063, the St. Louis Alton & Terre
Haute $46,735 against $57,482, the Cleveland Akron
& Columbus $22,672 against $21,034 and the Fort
Worth & Rio Grande $19,885 against $21,987.
For the current weeks of January the improvement
noted in the comparisons for the second week is main
tained in the returns for the third week of the month.
Our statements given on another page show that for the
29 roads which have thus f&r furnished their exhibits for
the third week of January, the loss in the aggregate as
compared with the same week last year is only 8'22 per
cent. For the second week of the month our final state
ment covers 72 roads, and shows 10-42 per cent decrease.
For the first week, it will be remembered, the decrease
was 14'28 per cent and for the fourth week of December
as much as 16-87 per c e n t ; for the third week of De
cember the decrease was 11-71 per cent, for the second
week it was 11-75 percent, for the first week 13-06
per cent, for the fourth week of November 10-07 per
cent and for the third week of November 6-76 per
cent. In other words, the comparisons now are the
best since last November.
The brief annual statement which the Delaware
Lackawanna & Western gives out was issued yesterday
afternoon. It shows results about as expected. The
year was a pretty good one in the anthracite trade, fair
prices for coal being realized most of the time, and the
shipments beiDg larger even than in the year preceding,
and the Lackawanna did not fail to get its share of
the trade. From the report it appears that the company
earned 11-04 per cent on its stock during the twelve
months. This is the largest percentage earned for
some years, the amount in 1892 having been 9-98 per
-cent, in 1891 9-21 per cent, in 1890 10 per cent and in
1889 8-20 per cent.
[VOIln W i l l .
Week ending Jan. 26,1894.
Into
Banks.
B a n k s’ in te r io r m o v e m e a L a e a b o v e
$8,991,000
14,900,000
Net Change in
Bank Holdings,
Out o f
Banks.
$2,341,000 G ain .$8,1 5 0 ,0 0 0
12,200,000 G ain. 2 ,7 0 0 ,0 0 0
T o ta l g o ld a n d le g a l t e n d e r s ....... $23 891 ,000 $15 ,041 ,00 0 G ain . 8 ,8 5 0 ,0 0 0 ’
The following table indicates the amount of bullion
in the principal European banks.
G erm an y*___
A-Ust.-Hxmg’ y
N etherlands..
N at.B elgium *
S p a in ..............
January 28,1893.
January ?5, 1894.
Bank of
Gold.
Silver.
Total.
Gold.
Silver.
lo ta l.
£
£
£
£
£
£
27,381,931
67,882,292
32.587,500
10,170,000
4.001.000
3.094.000
7.918.000
50.480,507
10.863,500
16,263,000
6.998.000
1.547.000
7.215.000
27,384.931 25.783.866
25,783,866
118,362,799 01.585.000 50.018.000 111,603.000*
4S,450,000 33.837.000 11.279.000 45.118.000
20.439.000 10.575.000 16.890.000 27,471,009
11.059.000
3,178.001 7.056.000 10.282.000
4,638,COO
4,641,000
3.092.000 1.546.000
15.133.000
7.611.000 5.087.000 12,693,000
T ot. th is w eek 153,103,723 93,368,007 't2i 6,469.730 145.659,866 91,882.000 237,511,866
T o t. p r e v .w ’ R 150,596.2-22 92.511.726 243.1' 7 918 146 091.728 91.582.750 237.674.47
* The division (between gold and silver) given, in oar table o f coin
and bullion in the Bank o f 'Germany and the Bank of Belgium is mad®
from the best estimate we are able to obtain ; ia neither case is it
claimed to b e acaurate, as those banks m ake no distinction in their
weekly returns, m erely reporting the total gold and. silver, but w®
believe the division we make is a close approxim ation.
N ote .—We receive the foregoing results w eekly by cable, and w iil®
not all o f the date given at the head of the column, they are the re
turns issued nearest to that date—that is, the latest reported figures.
B A I L
W A Y
W
E X P E N D I T
U R E S —
R E D
IT H O U T
P A I R M
E N T .
I M
U G T I O N S
In view of the great and general reduction in
expenses which the railways of the United States are
showing in their current returns, the inquiry becomes
important whether the reduction means an absolute
saving in expenses or whether it means the omis
sion of necessary repairs and renewals, that is,
the deferring to a future date of outlays which should
be made at the present time, and which would be somade if circumstances and conditions permitted. If
railway managers are neglecting ordinary repairs, then
the condition of the properties must speedily de
teriorate ; in such a case the saving of a dollar nowmight mean the necessity of the expenditure of two
dollars later on. Is there reason to think that this is
being done ? In other words, is there reason to
suppose that the properties are being allowed to run
down as the result of the economies being pursued and
which the situation has forced upon the managers ?
Of course in any given case an answer to this in
quiry would be very difficult. No one but those hav
ing direct supervision of a road can affirm positively
that expenses are not being cut down to the detriment
of the property. But speaking generally it is obvious
that reductions in expenses, as conditions are now, do
not necessarily imply the withholding of needful re
pairs. The reductions, it is true, are very large, and
they attract unusual attention by reason of that fact.
Their magnitude, too, doubtless leads many superficial
observers to believe that there is warrant for the con
clusion that the saving is being effected at tbe ex
pense of tbe condition of the properties. On reflec
tion, however, it will appear that there are feasible and.
legitimate ways of reducing expenses— and reducing
them very heavily in times like these— without resort
to measures calculated to affect the efficiency and con
The following statement, made up from returns col dition of the roads. N o one would contend that the
lected by us, shows the week’s receipts and shipments roads are making extensive improvements and addi
of currency and gold by the New Y ork banks.
tions and charging the cost to operating accounts. The
situation does not permit that kind of outlays. But to
Received by Shipped by
Week Ending Jan. 20,1894.
Net Interior
say this is not to say that the roads are not being
N. Y. Banks. N. Y. BanksMovement.
C urrency,......................................
kept in good repair and fully up to their present
$8,141,000 $2,430,000 G ain.$o,711,000
G ain.
439,000
standard.
T o ta l (fold and lejtal te n d e r s ___ $8,991,000 $2,841,000 G aln .$6,150,000
One obvious cause for heavily reduced expenses is*=.With the Sub-Treasury operations the result is as found in the great falling oil in the volume of traffic.
follows.
Many items of expenses are fixed and do not vary with-
THE CHRONICLE.
U fa ANT AItY 37, 1S94.]
th e flu c t u a t io n s
ia
th e
v o lu m e o f tr a ffic.
o th e r it e m s d o v a r y w it h
tr a ffic m o v e m e n t.
h a p p e n in g
th e
H en ce
n ow
in
it
m any
B u t m any
c h a n g e s in t o n n a g e
fo llo w s th a t w h e n ,
ca ses ,
or
as is
tr a ffic fa lls o f f o n e -
155
o f t h e k in d in d ic a t e d c o n f in e d t o th e -p a s s e n g e r s e r v ic e .
T h e s a m e p la n is b e in g p u r s u e d in t h e f r e i g h t s e r v ic e .
In
c o n v e r s a t io n
le a d in g
th e
oth e r d a y w ith a n
N o rth w e ste rn
road
w h ic h
o ffic ia l
r e c e n t ly
of
b u il t
a
an
q u a r te r o r e v e n o n e - h a lf , th e r e is r o o m a k o f o r a g r e a t
im p o r t a n t e x te n s io n , h e m e n t i o n e d as o n e o f th e w ays
s a v in g in e x p e n s e s — a s a v in g w h ic h s im p ly r e fle c t s t h e
o f r e t r e n c h m e n t p r a c t ic e d th e r u n n i n g o f tr a in s o n ly
w h e n a f u ll tr a in lo a d c o u l d h e s e c u r e d .
s m a lle r c o s t o f d o in g a d im in is h e d a m o u n t o f w o r k .
H o t e n o u g h im p o r t a n c e , e it h e r , is g iv e n
im p o r t a n t e le m e n t in t h e s it u a t io n .
a ll o u r
p r o m in e n t
roads
have
to
a n o th e r
F o r y e a rs n e a r ly
been
s p e n d in g
a m o u n ts o u t o f e a r n in g s f o r im p r o v e m e n t s a n d
m e n ts , a n d h a v e in th is w ay b r o u g h t th 8 ir
up
to
m u c h h ig h e r
sta n d a r d s
th a n
la r g e
b e tte r
p r o p e r t ie s
f o r m e r ly .
T h is
p o l i c y was f o r c e d u p o n th e m a n a g e r s p a r t ly as t h e
re
s m a ll s t a t io n , w h e re
p u b li c
fo r
im p r o v e d
s e r v ic e a n d in cr e a s e d a c c o m m o d a t io n s , c o n d i t io n s w h ic h
cu sto m
had
If
at auy
been to
c o lle c t
f r e i g h t e v e ry d a y , t h e r e w a s n o t e n o u g h f r e i g h t to fill
a car
a
day,
th e n
th e f r e i g h t w o u ld
be
days.
O f c o u r s e t h is ia h a r d o n t h e c o m m u n it y w h i c h
d o w n o f th e p h y s ic a l c o n d i t i o n o f t h e p r o p e r t y .
B e s id e s , t h e r e is n o a lt e r n a t iv e , a n d t h e p u b l i c h a s
o n ly it s e lf t o
b la m e .
F or
y e a r s "W estern r o a d s h a v e
b e e n a llo w e d t o e k e o u t o n ly a b a re s u b s is t e n c e a n d h a v e
n e ce s s ita te d a b e t te r sta te o f t r a c k , r o a d -b e d , e t c . , e t c .
b e e n o p p r e s s e d in e v e r y c o n c e iv a b l e w a y .
a p e r io d o f d e p r e s s io n , a n d
th e
r a tio
of
expenses
on
in
recen t
te m s
of
road s.
o u tla y s
fo r
th e
n o m e a n s th e
to
e a r n in g s
y ea rs
W h ile
w h ic h
our
th e
p u rp oses
o n ly
on
has
b eeu
le a d in g
sys
c o n t in u o u s
m e n t io n e d
have
h eavy
been
by
c a u s e c o n t r i b u t i n g t o th is in cr e a s e
In o p e r a t in g
co st, th e y
have been
a
v ery im p o r t a n t
f a c t o r in it .
I t d e s e rv e s to b e r e m e m b e r e d , m o r e o v e r ,
p r o fit t o e n c r o a c h
fa c ilitie s to th e p u b li c .
S u c h a r e s u lt is th e lo g ic a l o u t
c o m e o f th e c o u r s e w h ic h t h e W e s te r n p u b l i c h a s p u r s u e d
to w a r d s th e r o a d s fo r so lo n g .
s ta n d
th a t
e s p e c ia lly
lib e r a l
ia
p e n d it u r e s t e n d in g to raise t h e s t a n d a r d o f th e ir p r o p
e r tie s .
I n th is p e r io d
n ess e x p e c t e d
fr o m
b e in g c a r r ie d o u t .
t e s t th e
W o r l d ’s F a ir a t C h ic a g o w e re
S u c h e x tr a tr a ffic it w as f e lt w o u ld
e ffic ie n c y a n d c o n d i t io n
of
th e
road s,
and
rendered
by
th em
m u s t s u ffe r .
In
th e lo n g
to th e r e v e n u e s w h ic h th e r o a d s a r e p e r m it t e d to e a r n .
R e d u c t io n s
in
w ages
a re a n o t h e r
e le m e n t
e n te r s in t o a c o n s id e r a t io n o f th e q u e s t io n o f
expen ses.
ant
to
V e r y n a tu r a lly r a ilr o a d m a n a g e r s a re r e lu c t
ta k e
t h is s te p o u t
o f rega rd
fo r th e c ir c u m
s ta n ce s o f t h e ir
m o v e a ll w e a k p o in t s
d e f e c t s , a n d to h a v e e v e r y
n o t y e t h a d r e c o u r s e t o t h a t e x t r e m e m e a s u re ;
A n d th is r e m a r k a p p lie s n o t
th e o t h e r h a n d o t h e r s h a v e b e e n
and
e m p lo y e e s ,
and
m e r e ly to th e r o a d s in th e t e r r it o r y b e t w e e n C h ic a g o a n d
s e lf-p r e s e r v a t io n t o m a k e th e
th e se a b o a rd , b u t a lso
e x t e n t th a t e x p e n s e s h a v e b e e n
to
m any o f
t h e r o a d s r u n n in g
s o u th a n d w est f r o m C h ic a g o .
W e n e e d h a r d ly d ila t e
th e
r e fe r e n c e t o pa st e x p e n d it u r e s
s itu a tio n .
has
b e a r in g
upon
t h a t th is
t h e p re s e n t
T h e m a tte r is im p o r t a n t i a tw o w a y s.
t h e first p la c e , e x p e n d it u r e s
m a n y r a ilr o a d s h a v e
re d u c tio n s ,
cut
In
h a v in g b e e n so fr e e in th e
p a st, th ere is f o r th e t im e b e i n g
lit t le n e e d f o r f a r t h e r
and
is a s m o g
in
th e
m a te ria ls e n t e r in g in t o th o
ro a d s .
to
th e
d o w n in t h a t w a y
has n o t in v o l v e d a n y
im p a ir m e n t o f th e c o n d i t io n o f t h e r o a d s .
a lso t h e r e
but on
fo r c e d as a m a tte r o f
th e s a v in g has b e e n a b s o lu t e a n d
upon
w h ic h
redu ced
h e n c e th e e ffo r t w as to s t r e n g t h e n th e p r o p e r t ie s , t o r e
t h in g in first-cla ss o r d e r .
I f th e
l i v i n g c o m p e n s a t io n , th e n th e
r a n fa c ilit ie s a n d a c c o m m o d a t io n s w ill b e p r o p o r t io n e d
p r e p a r a t io n s f o r th e e x t r a b u s i
th e
h a v e t o b e c a r r ie d s till
f u r t h e r if th e d e p r e s s io n in b u s in e s s c o n t in u e s .
s e r v ic e
w ere
th e c h a r a c t e r m e n t io n e 1—-ex
A n d it is w e ll t o u n d e r
th e r e s t r ic t io n w ill
p a n ic ]
m anagers
N o w com es
b e i n g n o m a r g in o f
u p o n , r a ilr o a d m a n a g e r s fin d t h e m
c a r r ie r s a r e n o t a llo w e d
r a ilr o a d
th e re
se lv e s o b lig e d m a te r ia lly t o r e s t r ic t a c c o m m o d a t io n s a n d
th a t d u r i n g th e y e a r o r tw o im m e d ia t e ly p r e c e d i n g th e
m a k in g e x p e n d itu r e s o f
to
t h e ro a d s e rv e s, b u t it d o e s n o t in v o lv e a n y r u n n i n g
A l l o u r r e a d e rs are fa m ilia r w ith th e s t e a l ? in c r e a s e in
g o in g
a llo w e d
a c c u m u la t e , a n d a tr a in r a n o n ly o n c e in t w o o r t h r e e
s u lt o f th e in te n s e c o m p e t i t io n p r e v a ilin g a n d p a r t ly as
t h e r e s u lt o f th e d e m a n d s o f th e
th e
N o doubt
cost o f m any
o p e r a t in g
it e m s o f
a c c o u n t s o f th e
T h e d e c lin e in s te e l r a ils f r o m $ 2 9 a to n to $ 2 4
a to n h a s p r o b a b ly n o t y e t b e g u n to p la y a n y g r e a t p a r t
s im ila r e x p e n d it u r e s , e s p e c ia lly as tr a ffic is f a l lin g o ff.
in e x p e n s e s , as p r e s u m a b ly
H it h e r t o th e ro a d s h a v e b e e n r a is in g t h e ir s t a n d a r d o f
m o s t ca ses w as p u r c h a s e d a t th e h ig h e r fig u r e ; b u t th e
c o n d i t io n . N o w it w ill be n e ce s sa ry o n ly to m a in t a in th e
d e c lin e w ill c o u n t in th e r e s u lts th o p r e s e n t y e a r.
s ta n d a r d a lre a d y e s ta b lis h e d .
In
th e s e c o n d p la ce th e
im p o r t a n t c ir c u m s t a n c e as
not
a f f e c t in g th e c o m p a r is o n s .
As
is
o u t la y s
to
w h ic h
escap e
not
we b ive b e e n r e fe r r in g , e s p e c ia lly th o s e c o n n e c t e d w ith
com e
th e p r e p a r a t io n s
th e
c h a r a c t e r , an d
fo r
th e
F a ir ,
n o t a p a rt
e x p e n s e s , it is o b v io u s
of
w ere
th e
t h a t w ith
e x c e p t io n a l
in
o r d in a r y o p e r a t in g
th e se e lim in a t e d th e
o ld
s u p p ly o f r a ils in
A s c o n c e r n s th e f u t u r e o f th o ro a d 3 , o n e f a c t s h o u ld
la rg e e x p e n d it u r e s a re an
th e
th e
n o t ic e .
The
prosperou s,
an
out o f
a d v a n t a g e in
e n fo rc e d
s it u a t io n
but
th e
r e d u c t io n s
c h a r g e s , th e in cr e a s e
in
end.
in
h as
th e
and
been
m om ent
p r o m is e s to
H it h e r t o ,
r a ilr o a d
w a g es
e x tr a a c c o m m o d a t io n s , it
at
it t h e r e
under
t r a n s p o r t a t io n
th e
d e m a n d fo r
a lm o s t im p o s s ib le
a g g r e g a t e o f e x p e n s e s w o u ld b e less th e p r e s e n t y e a r in
f o r th e r o a d s to a d d t o th e ir y e a r ly n e t in c o m e .
a n y e v e n t.
ness a n d tr a ffic m i g h t in c r e a s e , b u t th e b e n e f it w e n t to
C e r t a in ly , i t
w as e x p e c t e d
w o u ld fa ll o ff a ft e r th e F a ir , a n d
th a t e x p e n s e s
d o u b t le s s t h a t w o u ld
th e s h ip p e r
in
lo w e r
ra te s , th e la b o r e r in b e t t e r p a y ,
h a v e h a p p e n e d e v e n if th e p a n ic h a d n o t s u p o r v e n e d a n d
a n d th e p u b lic in im p r o v e d
m a d e s u c h a s t e p a b s o lu t e ly n e ce s s a r y .
t ic a lly g o t n o n e o f th e g a in .
T h e r e is a ls o a basis f o r lo w e r e x p e u s e a in th e c u r t a i l
m e n t o f tra in s e r v ic e a n d t h e c u t t i n g o ff o f
c o m m o d a t io n s a n d f a c ili t ie s .
fa s t
tra in s
have
been
s p e cia l a c
A s is k n o w n , s o m e o f th e
d is c o n t in u e d
e v e n h ere in th e
F a st, a n d b o t h in t h e E a st a n d th e W e s t tra in s h a v e in
several
in s ta n ce s
m ay b e
sa id
been
fe w e r
c o n s o lid a t e d , a n d
tr a in s
are
b e in g
g e n e r a lly it
run, th o u g h
of
s e r v ic e ; th e
wall a lso
be
changed.
w ages has n o t o n ly b e e n
as to fu r t h e r r e d u c t i o n s
The
prac
p u b lic e x p e c t a
u p w a rd
a r r e s te d , b u t
in
c a r r ie r
B u t n o w th e s it u a t io n is
c h a n g e d a u d w ith it p u b li c a c t io n a n d
tio n
B u s i
cou rse
of
r e v e r s e d , w h ile
ra te s b y p u b li c a u t h o r it ie s
th e c o n d i t io n o f th e r o a d s s p e a k s t o o e lo q u e n t l y o f t h e
fa c t
th a t
a t te m p te d .
it
can n ot
H en ce,
be
d o n e t o p e r m it
w hen
b u sin e s s
of
b e g in s
its
b e in g
to
r e v iv e
co u r s e th e r e a re s t ill a g o o d m a n y r o a d s w h ic h h a v e n o t
and
j e t r e s o r te d t o t h is m e a n s o f
e x p e c t th a t th e r o a d s w ill b e a b le (t h e t e n d e n c y o f th e
econom y.
N o r is a c t io n
g ro s s
e a r n in g s
to
m o u n t u p w a r d a g a in , w e m a y
THE
156
o p e r a t in g c o s t to
s o m e p r o fit o u t
r ise h a v in g
of
th e
been
w ork
overcom e)
and
[Vol. L v n i .
CHRONICLE.
to
get
sh o w th e e f f e c t s in
i t s e lf.
And
t h is
b r in g s
a g a in s t 4 ,5 6 2 ,9 1 8
in c r e a s e d n e t re v e n u e s .
to
n o t ic e
th e
f a c t t h a t th e -
o u t p u t in th e s e s ix m o n t h s w a s o n ly 2 ,5 6 1 ,5 8 4 t o n s , as
to n s
in
th e
first s i x m o n t h s o f t h e
y e a r a n d 4 ,3 8 7 ,3 1 7 t o n s in th e la st s ix m o n t h s o f 1 8 9 2 .
LAST YEAR’ S IRON PRODUCTION.
O n t h a t b a sis, c o n s e q u e n t ly , th e c o n t r a c t io n is e x c e e d
T h e s t a t is t ic s r e g a r d in g th e o u t p u t o f ir o n a n d s t e e l
& S teel
w h ic h th e A m e r ic a n I r o n
is s u e d r e fle c t v e ry
c le a r ly
th e
A s s o c ia t io n has ju s t
e x c e p t io n a l c o n d it io n s
w h ic h h a v e p r e v a ile d in th is g r e a t in d u s t r y d u r in g r e
cen t
m o n th s .
W h ile
every
in d ic a t io n
of
b
ness
in g l y
h eavy— com p a red
w it h
th e
la s t
a lm o s t 42 p e r c e n t ; a n d M r. S w a n k
h a lf
sa ys
of
th a t
1892,
t h is
is
th e la r g e s t s e m i-a n n u a l d e c r e a s e in p r o d u c t i o n o f w h i c h
th e r e
is
any
s t a t is t ic a l r e c o r d .
b ered , to o , th a t
in
is
to
be rem em
a c t i v it y w e h a v e h a d h a s g iv e n e v id e n c e o f th e ii, u u s i t y
1S93
or th e
o f th e d e p r e s s in g in flu e n c e s u n d e r w h ic h a ll m e r c a n t ile
w it h
th e
in te r e s t s la b o r e d d u r in g t h e la st s ix m o n t h s , as a r e s u lt
C o m p a r is o n
o f th e p a n ic , th e ir o n in d u s t r y h a s s u ffe r e d b e y o n d all
an even
o t h e r s a n d f e l t th e e ffe c t s o f th e b lo w w it h e s p e c ia l
is o n w it h th e la s t h a lf o f 1 8 9 1 a s t ill h e a v ie r d e c r e a s e ,
s e v e r ity .
F o r y e a rs t h e ir o n tr a d e h a s b e e n in a n u n
s a t is fa c t o r y sta te b e c a u s e o f th e
s te a d y a n d la rg e d e
la s t
It
c o m p a r in g w it h th e fir s t h a lf o f
h a lf o f 1 8 9 2 w e a re n o t c o m p a r in g
p e r io d s
of
w it h t h e
h e a v ie s t
la st
t o t a ls
h a lf
of
ever
r e a c h e d ..
1890 w o u ld sh o w
la r g e r d e c re a s e t h a n t h a t n o t e d , a n d c o m p a r
th e o u t p u t t h e n h a v in g b e e n c lo s e t o fiv e m i l l i o n
— a c t u a l ly
4 ,9 1 1 ,7 6 3 — t h o u g h
it
is
o n ly
fa ir
ton s
to
sa y
c l i n e in p r ic e s , r e d u c in g t h e m a r g in o f p r o f it t o v e r y
th a t in t h a t h a lf-y e a r t h e p r o d u c t i o n
s m a ll fig u r e s .
c a u s e o f t h e c u r t a ilm e n t o c c a s io n e d b y th e C o n n e lls v ille
B u t th e re w as d u r i n g a ll th is tim e o n e
r e d e e m in g fe a t u r e : b o t h p r o d u c t i o n a n d c o n s u m p t io n
c o k e s t r ik e in
th e
c o n t in u e d v e r y h e a v y .
th e o u t p u t in
h a lf-y e a r ly p e r io d s
W i t h t h e p a n ic a s u d d e n a n d
fir s t s ix
w a s in c r e a s e d b e
m o n th s.
B e lo w w e sh o w
ba ck
t h e sa m e tim e p r ic e s d r o p p e d s t ill lo w e r — t o t h e lo w e s t
y e a rs t h e I r o n a n d S t e e l A s s o c ia t io n g a v e t h e r e s u lt s in
p o in t on record .
n e t to n s o f
2 ,0 0 0
lb s .
The
fig u r e s a re a ll s ta te d in t o n s o f
T h u s t h e r e w as a t o n c e a n u n p a r a l
2 ,2 4 0
to 1885.
e x t r a o r d in a r y s t o p p a g e in p r o d u c t i o n o c c u r r e d , a n d a t
lb s . , b u t n o w t h e g r o s s t o n is u s e d ,
le l e d c u r t a ilm e n t o f th e o u t p u t a n d u n p r e c e d e n t e d ly
a a d w e h a v e r e v is e d t h e fig u r e s
lo w p r ic e s .
a ll th e ta b le s t o c o n f o r m t o t h e n e w b a sis.
U n t il th e a p p e a r a n c e o f
th e presen t
in t h e r e c o r d s s h o w in g t h e n u m b e r a n d c a
p a c it y o f th e
fu r n a c e s
in
and
r e c o r d s l e f t n o d o u b t as t o
out
of
b la s t.
T h ese
t h e g lo o m a n d p a ra ly s is in
w h i c h th is la r g e in te r e s t w a s in v o lv e d .
B u t o f c o u rse
t h e p r o d u c t i o n it s e lf is t h e be3 t a n d m o s t p e r f e c t g u id e
t o th e f a l lin g o ff w h ic h o c c u r r e d .
n aces
iu
th e Iro n
b la st, h o w e v e r , w e
&
B e a r in g o n th e f u r
m a y n o t e in p a s s in g th a t
S t e e l A s s o c ia t io n r e p o r t s t h e n u m b e r D e
c e m b e r 3 1 , 1 8 9 3 , a t o n ly 1 3 7 .
T h e s t a t is t ic s
are c o m
fo r
th e
b a c k y e a rs in
PRODUCTION OF PIG IRON IN H ALF-YEARLY PERIODS.
s t a t is t ic s , th e
c h i e f in d ic a t io n o f th e c o u r s e o f th e p r o d u c t i o n o f ir o n
w as fo u n d
In fo r m e r
Gross Tons.
1st H a lf........... 1,920,371
2d H a lf...............2,124,154
1886— 1st H a lf........... 2,637,682
2d H a lf............... 3,045,642
1SS7—1st H a lf............... 3,049,294
2d H a lf............... 3,367,854
1888— 1st H a lf........... 3,020,092
2d H a lf...............3,409,616
1889— 1st H a lf............3,601.603
2d H alf............... 3,942,039
1885—
. Gross T07is.
1 8 90- ■1st H a lf............. 4,560,513
2d
H a lf............. 4,642.190
1891—
1st H a lf........... 3,368,107
2d
H a lf............. 4,911,763
1892—
1st H a lf........... 4,769,683
2d H a l f ..............4,387,317
1893—
1st H a lf............4,562,918
2d H a lf..............2,561,584
I t is p e r h a p s n o t s u r p r is in g
u t p u t s h o u ld
n ary.
t h a t t h e c o n t r a c t io n
in
h ave been th u s m a rk e d a n d e x tr a o r d i
I r o n a n d s te e l e n te r in t o t h e r e q u ir e m e n t s o f so
m a n y in d u s t r ie s ,
a n d m a n u f a c t u r in g
and
m e r c a n t ile
p il e d b y M r . J a m e s M . S w a n k , th e G e n e r a l M a n a g e r o f
a c t iv it y h a v e b e e n so g r e a t ly p a r a ly z e d s in c e t h e d e v e l
t h e A s s o c ia t io n , a n d h e s ta te s th a t t h is is th e sm a llest
op m e n t o f th e
num ber
d e m a n d f o r ir o n w a s a n e c e s s a r y
in
b la s t
k n o w le d g e .
a t _ t h e c lo s e
of
M r. S w a u k is a n
i r o n a n d s te e l s ta t is t ic s , a n d
a ccep ted
a u t h o r it y o n
w e a re n o t t o im p ly fr o m
h is s t a te m e n t t h a t th e n u m b e r
o r d , h u t s im p ly th a t
a n y y e a r w ith in h is
is
th e sm a lle st o n r e c
it w o u ld b e n e ce s sa ry t o
g o ba ck
c r is is , t h a t a h e a v y c o n t r a c t io n in t h e
th e s it u a t io n .
b la s t
or
see
t h e ir
p r o d u c tio n
s t o c k s , w it h t h e e f f e c t o f s t ill
a lr e a d y
fir s t
consequ ence
o f
F u rn a ce ow n ers w ere fo r c e d to g o o u t o f
a c c u m u la t e
as u n s o ld
f u r t h e r r e d u c in g prices,.,
r u in o u s in m a n y ca ses.
T h e n otew orth y c o n
a g r e a t m a n y y e a rs t o fin d a fig u r e e q u a lly s m a ll, f o r o f
t r a c t io n in o u t p u t , t o o , t h r o w s a n e w l i g h t o n t h e g r e a t
c o u r s e t h e r e w as a t im e w h e n t h e r e w ere less
th a n 1 3 7
lo s s e s in tr a ffic a n d e a r n in g s w h ic h s o m a n y r o a d s h a v e
fu r n a c e s a ll t o ld in
30, 1893,
been
th e c o u n t r y .
t h e n u m b e r o f fu r n a c e s
in
D e c e m b e r 3 1 , 1892, 253.
o p e r a t io n
w h o le
th e n — th a t
June
o p e r a t io n w a s 22 6
As
a g o , t h e r e fo r e , 11 6 fu r n a c e s
in
On
com p a red
a re
now
w ith
and on
a y ea r
o ff
to
in
report
th e
in
o u tp u t
r e ce n t m on th s.
of
ir o n
m eant
s t e e l, b u t a g r e a t f a l l i n g o f f in t h e m a te r ia ls r e q u ir e d
in t h e p r o d u c t i o n o f ir o n , m o r e p a r t ic u la r ly c o a l a n d
s e v e r a l fu rn a c e s
s io n h a v in g b e e n r e a c h e d n o t o n D e c e m b e r 31
O e t o b e r 1 , f r o m w h ic h d a te to t h e
Iron Age o f
c lo s e
bu t on
o f th e
y e a r,
th is c it y , t h e r e w as a n e t
a d d it i o n t o t h e n u m b e r o f fu r n a c e s in o p e r a t io n o f 1 6 .
T u r n i n g n o w t o th e s ta te m e n t o f t h e o u t p u t o f ir o n ,
w e fin d t h a t th e p r o d u c t i o n f o r th e
t w e lv e
m o n th s o f
ir o n
ore.
deem ed
U nder
th e
c ir c u m s t a n c e s
w ith t h e i r o n - p r o d u c i n g s e c t io n s ,
s u p p l y in g t h e o r e o r
th e
los ses
But
in
e a r n in g s .
c o a l,
th e
o r w it h
v ery
t h e f a l lin g o ff in o u t p u t is in i t s e l f
c o n t in u e .
p e r io d
s in c e
1885,
s m a lle s t o f
to n s .
th a t to ta l th e f a l lin g o ff
m i llio n
to n s , o r
22
per
h a s b e e n s o m e w h a t o v e r tw o
cen t.
T h e g r e a t d e p r e s s io n ,
h o w e v e r , d id n o t d e v e lo p u n t il th e s e c o n d
y e a r , a n d a ll b u t a b o u t 2 0 6 ,0 0 0 t o n s o f
o c c u r r e d in th a t p e r io d .
of
th e
p a n ic
we
m u st
h a lf
th e
o f th e
f a l lin g o ff
H e n c e , t o see th e f u l l e ffe cts
c o n s id e r
th a t
h a lf-y e a r
by
of
e v i
W h a tever th e o u tco m e m ay b e
U n it e d S ta te s
is
not
any
w h e n th e t o t a l p r o d u c t
f o r t h e t w e lv e m o n t h s w as b u t l i t t l e o v e r
c o u n t r y , a n d fr o m
h e a v ie s t
T h e ta b le g iv e n a b o v e s h o w s t h a t t h e m a k e
th e
th e
t h e r e g io n s
stron g est
T h e o u t p u t in th e la tte r y e a r w as, w it h o n e e x c e p t io n ,
h is t o r y o f
be-
d e n c e t h a t e x is t in g c o n d i t io n s a re a b n o r m a l a n d c a n n o t
h a lf-y e a r
th e
not
m a g n it u d e
th e
a g a in s t
in
can
s u ffe r e d t h e
o f ir o n in t h e la s t s ix m o n t h s w a s th e
t o n s f o r th e t w e lv e m o n t h s o f 1892.
it
s t r a n g e t h a t t h e r o a d s m o s t c lo s e ly c o n n e c t e d ,
1 8 9 3 a g g r e g a te s o n ly 7 ,1 2 4 ,5 0 2 gros3 to n s o f 2 ,2 4 0 lb s .,
la r g e s t
o n ly
le s s e n e d s h ip m e n t s o f t h e fin is h e d p r o d u c t s o f i r o n a n d .
id le w h ic h w ere
h a d re s u m e d w o r k , th e v e ry lo w e s t p o i n t in th e d e p r e s
9 ,1 5 7 ,0 0 0
F o r th e
not
is, n e a r ly 5 0 p e r c e n t o f th e
n u m b e r — a n d t h is , t o o , a ft e r
a c c o r d in g to th e
o b l ig e d
fa llin g
fo u r
m i llio n
t e m p o r a r i ly , the-
p e r m a n e n t ly g o i n g
b a ck to
lo w b a sis o f p r o d u c t i o n e x is t in g n in e y e a rs a g o .
th e
B e lo w
w e s h o w t h e p r o d u c t i o n f o r t h e c a le n d a r y e a r 1 8 9 3
ac
c o r d i n g t o f u e l u s e d , c o m p a r e d w it h th e y e a r s p r e c e d i n g .
As
t h is
b y f a r th e
co u n try
g r e a te s t
is
p o r t io n o f t h e
i r o n . m a de in
m a d e w it h b it u m in o u s c o a l a n l c o k e
THE
J a n u a r y 27, 1894,]
fuel, the loss in production
that clas3.
as
CHRONICLE.
fallen mainly on
has
PRODUCTION OF IRON ACCORDING TO FUEL USED,
Tims of 2,240 Pounds.
B itu r n tM o o s . . . . . . .
1893.
|
XS91.
1994.
1890,
in
1S89.
1888.
o.SSBJ,!84; 6.822.260 5.S30.706 tf£fr&M7 5,313.772 4,235,704
1.500.281 1.937.140 1,467,139 3,471,820
*’*6&093
'
' i 229.020 305,827; 219,271 307.463 247,781
z m j m i 5B7.ti2i 576,684 628,145 575.268 534.833
....
Mixed aaihr. A cole > 1 317529 1 f
A n t I n c i ie a lo n e ... . -
Charcoal.....................
T otal.,..-.,..-... ... 7,324.604 K157.080 8.479.870 9,202,708 7.6.- 3.612 8,483,738
W it h
r e fe r e n c e
to
th e
u n s o ld
s t o c k s , w h ile
h i r e in cr e a s e d s o m e w h a t , t h e a d d it i o n
th ese
has n o t
been
v e r y im p o r t a n t , t h e o u t p u t h a v in g b e e n so r ig i d ly c u r
t a ile d :
a n d to t a l s t o c k s c a n n o t b e r e g a r d e d as la r g e o r
e x c e s s iv e .
Tae
in f e r e n c e s e e m s
t h a t as so o n as th e g e n e r a !
proves
a n d th e d e m a n d
ch an ge
fo r
th e
b e tte r
d it io n o f t h e ir o n
in
th e
yards
W a rran t
hands
of
C o u n t in g
tota l
im
speedy
e x p e c t e d in th e c o n
A m e r ic a n
C om pany,
t h e r e fo r e
s it u a t io n
ir o n in c r e a s e s , a
m ay be
tr a d e .
th e
w a rra n ted
m e r c a n t ile
fo r
th e
P ig
stock s
ir o n
Iron
h e ld
S tora g e
u n s o ld
in
th e
of manufacturers or their agents I h c r m b e r 31,
1 8 9 3 , a re r e p o r t e d
5 7 8 ,8 3 1
to n s
7 0 7 ,3 1 8 to n s .
June
T h is c o m p a r e s w ith
3 0 , 1 8 9 3 , s h o w in g
1 2 8 ,4 8 7 to n s f o r th e s ix
an
in cr e a s e o f
m o n t h s , a n d it c o m p a r e s w ith
5 3 5 ,6 1 6 t o n s o n D e c e m b e r 3 1 , 1 8 9 2 , g i v i n g a n in cr e a s e
fo r
th e
year
changes
of
1 7 1 ,7 0 2
th e
S ta tes
th e
to n s .
B y a llo w in g
fo r
157
have
s u ffe r e d
d e p r e s s io n
th a n
p r o d u c tio n
am onnt
as
in
th e
m u ch
m ore
o th e r s .
I ll in o i s
is
d e c re a s e
s e v e r e ly
Thus
in
th e
a lm o s t
fr o m
d ecrea se
as
la r g e
P e n n s y lv a n ia ,
in
w hose
y e a rly p r o d u c t is so m a n y tim e s g r e a t e r .
P e n n s y lv a n ia
in d e e d h a s m o r e th a n h e ld its o w n ,
a g g reg a te
th e
of
t h a t S t a t e h a v in g d e c lin e d o n ly f r o m 4 ,1 9 3 ,8 0 5 t o n s t o
3 .6 4 3 ,0 2 2 , w h ile in I ll in o i s th e d e c lin e
9 4 9 ,4 5 0 t o 4 0 5 ,2 6 1 to n s .
has been fr o m
I n th e lis t h a lf o f 1893 I l l i
n o is p r o d u c e d o n ly 6 9 ,4 9 0 to n s o f ir o n .
p r o d u c t f o r th e y e a r f e ll
to n s , so t h a t b o t h
S ta te s h a v e
fe lt
fro m
I n O h io t h e
1 ,2 2 1 ,9 1 3
to
8 7 5 ,2 6 5
t h e le a d in g W e s t e r n i r o n - m a k i n g
th e
d e p r e s s io n
v ery
s e v e r e ly .
The
S o u t h e r n S ta te s , on th e o t h e r h a n d , h a v e d o n e r e m a r k
a b ly w e ll, w h ic h is th e m o r e
n o t e w o r t h y s in c e
cu rren t
r e p o r t s h a d c r e a te d th e im p r e s s io n th a t in th a t s e c t io n
th e s itu a tio n w as e s p e c ia lly d is c o u r u g in g .
th e d e c r e a s e h a s b e e n
o n ly
fr o m
I n A la b a m a
9 1 5 ,2 9 6
to 7 2 6 ,8 8 8
t o s ( t h a t S t a t e s t a n d in g fo r 1893 as th e t h ir d
p r o d u c in g
S ta te
in
S o u t h th e d e c re a s e
1 ,5 6 7 ,2 9 9 t o n s .
th e U n i o n ) , a n d
h a s b een
o n ly
fo r
fr o m
la r g e s t
th e
w h o le
1 ,8 9 0 ,1 6 7
to
T h e f o llo w in g fu r n is h e s a c o m p a r is o n
f o r a n u m b e r o f y ea rs p a st o f th e p r o d u c t i o n
o f each
o f th e v a r io u s S ta te s :
th e
r to o o c n o w or wo i bos nr
in stocks we get an indication of w h a t the con
utatks.
\
2* 10!
t W
i m, I 1891.
imc. i I 6W ,
1S 83. | 1S B 7.
1
Tam. ; W
ont*, i IXwt. Tom. 1 Tons. Ton* I Tons.
115
401,332
708,029
A
in
&
zm
m
.....
n*j*»
o
i
&jm
.
700
,
0
)
6
'
201,306
th e e n d t o s h o w th e im p o r t s e a c h y e a r —-n o t m e r e ly o f
t 02, * 70j 8W ,408 17a . 24s i 180,889
MtM7
V fa n e ln i* —
p i g ir o n , o f w h ic h th e im p o r t a t io n s a r e s c a r c e ly e v e r
wmM%\ S » l t l w
323.821
« , U 53 73.493
considerable, but of all kinds of iron and s t e e l, the idea W . ? l i h i r i f t i i i , i mMt; 154,703 mM?.
31
,
0
*5
2
80,705
37.417
■
MM*
■
35, 170' 33,580
b e in g t o in d ic a t e h o w m u c h ir o n o r ir o n p r o d u c t s w e n t
D M A 1 IS R M M 8
M « n r ’I t i M l * . . . . f tmjts1
mhtu 15.720 3*5,417
in t o c o n s u m p t io n in a d d it io n t o t h e iro n o f d o m e s t i c
• ... . -.
l$Mi PJGi’ C 057 5.^81i 8,013
2. U 3 3,250
%Jt? UMO
ly U S j
*1
m ake.
W e m a y sa y h e r e th a t im p o r t s o f ir o n a n d steel N .
i 398301* J . 01J . 48G B S & . S &
4
i.M
T.tm
M
s
f
M
U
8
7
umjm
Tmit***.../
h a v e n o t b e e n la rg o f o r s o m e y e a r s , b u t in 18 93 f u r t h e r
3
. 204,6303, 289,838
*iU
■ c i rM m m s ^
s lig h t ly d e c lin e d , b e in g r o u g h ly a b o u t 4 3 3 ,0 0 0 to n s , as
871,017
U K M 0S <
204,796
3t § „ U S
fm%.. . * r t v M S a g a in s t 1 9 4 ,4 6 8 to n s in 18 92 an d 5 5 7 ,8 8 2 t o n s in 1 8 9 1 .
158
,
T
«
|
n%
S
38
154,000
o
M
i
f
i
S&W
..
In 1888 th e im p o r t s h a d b e e n 914,940 to n s a n d in 1887 I t t U M l K o .
836,638 P 7. @ f | 504, 86»
ROMS)
190. 813, 190.003
t i t , ii s
W ojflffl I
...
as m u c h as 1 ,7 8 3 ,2 5 6 terns. I t w as th e d e c lin e f r o m th e se
141,638 103, 005. 110,204
m .m
If is M i
. !
8U W 4»| 123.788
m
,$m
la tte r fig u r e s th a t in p a rt a c c o u n t e d f o r th e e x p a n s io n
OOiJ M I O : if
mMt iMSij 01,072 t * M m @9,05$
A l t o f l w n r # ..
o f th e d o m e s t ic p r o d u c t in th e y ea r* s u c c e e d i n g .
003.0126, 4- 0.7380417,148
U m m 1t w i A i ?,v u j * *
s u m p t io n
of
ir o n
has
been.
out in th e f o l l o w i n g ta b le .
It*m
T h e re s u lts a re w o rk e d
W e have a d d ed
lift
Pmm4g-
>r
J h w & m rtk $ w ,$ rm r- .
SMm
w
fm x *..
o i htmm ®fe
Im s»‘t* of Iron A $%ml,
.. f ot,
*sms«
W JW
j
M7W© t
s,im je e
jm
*TmM
Sfcoct eixl of
mm.
im .
tm x m .
a
lin e a t
; %%&».
mm.
mm.u«
? jm m t
m%M%
t*
n jm . m i
m a n
too# Dr . si. win; » > » urn* Dm. si. IM S * »«
t ttommbmt immmm mtlmmmt.
T h e fo r e g o in g sta tem en t m akes
th a n
1 m illio n
it
e v id e n t th a t less
to n s o f d o m e s t ic p i g ir o n w e re c o n s u m e d
in 1 8 9 3 , a g a in s t 9$ m illo n t i n s in 1 8 9 2 , 8£ m illio n ton s
in 1 8 9 1 , 8 { m illio n
1889
and
C o n s u m p tio n
m illio n
is
th e
ton s
in
to n s
1890, 7 i
in
m illio n t o n s
1 8 8 8 —-th a t
s m a lle s t
s in c e
1888.
W h e n th e
O n th a t basis th e 1 8 9 3 c o n s u m p t io n , i t w ill b e
s e e n , is s m a lle r e r e n th a n t h a t o f 1 8 8 8 I n r e la t io n to th e o u t p u t
of
th e
a p p e a r s th a t all t h e S ta te s s h o w
1893
a
d if f e r e n t S t a t e s , it
re d u ce d p r o d u c tio n
an c o m p a r e d w ith th e first
h a lf , w ith th e s in g le e x c e p t io n o f G e o r g ia , w h ic h is n o t
a
la rg e
p rodu cer.
th e
w h ic h
u s u a lly 1b n o t r e a d y u n t il
state m e a t
of
has
B esem er
a ls o
s te e l
th is
se v e ra l w e e k s
th e
sa m e
w eek
p r o d u c tio n ,
as
la te r .
f o r ir o n ,
T a k in g
th e
product
p u t f o r th e t w e lv e m o n t h s o f 1 8 9 2 — t h a t is , a t 3 ,1 2 3 ,524
Urns,
occu rred
f o r th e fu ll
y e a r a n d c o m p a r in g w ith th e y e a r p r e c e d i n g , th e r e are
th re e S ta te s , n a m e ly G e o r g ia , M a r y la n d a n d C o lo r a d o ,
a g a in s t
e n t ir e ly
4 ,1 0 8 ,4 3 5
in
th e
to n s .
la st
The
s ix
f a l lin g
m o n th s,
th e o u t p u t w as o n ly 1 ,0 3 1 ,4 6 7 to n s , as a g a in s t
o ff
w hen
2 ,0 9 2 ,-
0 5 7 to n s in th e first h a lf.
r a o u c c T io s o r Bessemer steel is o o ts is qross ton *.
in
th e s e h a v in g , as a lr e a d y s t a t e d , g r e a t ly d e c lin e d s in c e
in ih e s e c o n d h a lf o f
T o e I r o n a n d S teel A s s o c ia t io n
is su ed
is, th e 1893
imports are added th e comparison is s t ill les s favorable,
1888.
j
80b HAim— !
T h e r e su lts o f c o u r s e a re m u c h
*
ts#f t*#4d In tit# wntmM n n l i « f «**# A m *f4c«n PI*
-jm M iw m ® W nm m i f& m p w f ©•* »t»
mn under
m l o f m*im m
um» D*e. m. im*
1*tmnd*.
«Mv7n{ 74M50 914Dio th e o u t p u t o f B e s s e m e r in g o t s f o r th e tw e lv e m o n t h s
9.7<*,«*« S-V)S.*77'».«9.<98‘a3«,*57 7.1*44,447 o f 1893 b e in g r e p o r t e d a m illio n to n s less th a n th e o u t
H u d jm
tnm.
too* iunm. n . Mr#*
P m . o '
1*0.
189*.
1891.
IW0.
im .
MS,
im .
Tutu.
1W .
Ton..
Ton..
Tun*.
7>*nj.
Tot*.
JH b*lf..*.i>*!.'C,7
M half...1.KH.M7
T.OM.M8 M*7.7«t 1.813.635 l,W8.«!>'. 1.W5.9M
*.109,507 1.819/ 63 1.W.338 1.W1.709 1.*76.ISO 1.473.915
Tout. ,a 3 *ij*»
4.W.6W. 3,*l7,«17 3,805,571 *,#SO,#M iS.SH.UX) *.038.(09
A p a r t o f th e d e c lin e in th e p r o d u c t i o n
of
in g o t s is
e x p la in e d b y t h e c o i n c i d e n t d e c r e a s e in t h e p r o d u c tio n ,
o f B e s s e m e r s te e l r a ils , o f
was o n ly 1 ,0 3 6 ,3 3 3
1892,
to n s , as
w h ic h
th e o u t p u t
a g a in s t
l u th e la st h a lf o f 1893 th e o u t p u t o f
b u t 3 3 2 ,1 1 3 to n s , as a g a in s t 7 0 4 ,2 4 0
ia
1893
1 ,4 5 8 ,7 3 2 to n s in
to n s
rails w as
in th e
first
h a lf, a n d 6 8 6 ,2 9 6 to n s in th e la s t h a lf o f 1892.
I'RODBCKOK o r IIEMKMR STEEL RAILS IX CBOBB TOSS.
IBM.
1892.
1801.
1800.
im .
MR*.
1887.
T ot...
Tint.
Ton,.
TV,,.
Tort...
Ton.-
Tout.
l»t halt .106.S4I’ 772.43.1 517.791 9*2.018 842.175 007,197 i/Vl.SfiO
a ll small producers, which made more pig metal in 1893 *8 half. . 3*2.113 8*8,298 702,080 *75,473 M27.7B2 878.721 l,o*&ai»
th a n in 1 8 9 2 .
I t is in t e r e s t in g t o n o t e t h a t s o m e o f 1 Total-. 1.0J4L36P 1.4,68,78-2 1.229,874 U97.489 1.470.S87 1.286.9*1 S.U44.S18
THE
158
A t 1 ,0 3 6 ,3 5 3 toQB f o r
CHRONICLE.
1 8 0 3 , th e p r o d u c t i o n o f ra ils
[VOL. LiVIlI,
b e llio u s e l e m e n t ; b u t t h e g r a v it y
th e
r e v e a le d b y t h e d r a s t ic
8 1 8 to u s in 1 8 8 7 , th e y e a r w h e n th e
r a ilr o a d c o n -
c o m p e ll e d t o a d o p t .
a b o u t 1 3 ,0 0 0
in fla m m a t o r y o r a t o r s , h e h a s
deem ed
d is p e n s e w ith
of
B t ru ctio n
in
new
th e U n it e d S ta te s r e a c h e d
m ile s .
W e h a v e s p o k e n a b o v e o f th e d e c lin e in th e p r ic e s o f
ir o n
a n d ste e l
w h ic h h a s
occu rred .
T h e B u lle t in o f
m e a s u re s
of
c o m p a r e s w ith 1 ,7 9 7 ,1 8 9 t o n s in 1 8 9 0 a n d w it h 2 ,0 4 4 ,-
w h ich
s it u a t io n
he
I n o r d e r t o c lo s e t h e
th e
a s sista n ce
w h ic h is n e v e r ju s t if ia b le
it
has
m ou th s
of
n ecessary
to
P a r lia m e n t — a c o u r s e
ex cep t
in
c ir c u m s t a n c e s
t h e g r e a te s t e x t r e m it y , a n d w h ic h is
s o m e s t o r m y s c e n e s w h e n e v e r P a r lia m e n t is a llo w e d
w h i c h p e r m it c o m p a r is o n s o n th a t p o in t.
m eet.
In D ecem
The
w it h e x c it e m e n t .
c e m b e r 1 8 9 2 , th e
of
a g a in s t $ 1 3 2 5 , o f B e s s e m e r
g ra y
p ig
to
G e r m a n la n d , a t th e p r e s e n t m o m e n t , is a liv e
P h ila d e lp h ia w as 11 3 75 p e r t o n , a g a in s t $15 12 in D e
average
of
c e r t a in t o le a d to
t h e I r o n a n d S te e l A s s o c ia t io n g a v e s o m e fig u re s r e c e n tly
b e r 18 93 th e a v e ra g e p r ic e o f N o , 1 f o u n d r y p ig ir o n in
is
been
11 1 9 1
n e ce s s itie s
P it t s b u r g
11 1 17
n o w h e r e m o r e th a n in th e R e ic h s t a g , o r L o w e r H o u s e
at
of
C o n f lic t in g s e n t im e n t s r e g a r d in g th e
f o r g e ir o n
th e
s it u a t io n
p r e v a il
a g a in s t 113 9 0 , o f steel b ille ts a t tiro m ills in P it t s b u r g
o f th e
1 1 6 87 a g a in s t $ 2 3 , o f s te e l
$ 2 1 a g a in s t $ 3 0 , & e.
lis h m e n t o f th e p r e s e n t e m p ir e h a v e t h e p e o p le o ffe r e d
a re th e c o m p a r is o n s o f th e a v e r
s u c h e ffe c t iv e r e s is ta n c e t o t h e d e m a n d s o f th e G o v e r n
S t ill m o r e in te r e s t in g
r a ils
I m p e r ia l P a r lia m e n t .
ev ery w h ere, an d
a g e s f o r th e w h o le y e a r as c o m p a r e d w it h th e avera ges
m e n t f o r in c r e a s e d
f o r th e y e a rs p r e c e d i n g , th e s e s h o w in g
m o u s arm y th e
s t r ik in g ly th e
g r e a t d e c lin e w h ic h has ta k e n p la c e i n p r ic e s .
1883.
8
1839. 1800. 1801.
8
8
1802. 1893.
8
8
$
22 23 211 9 2518 22 05 19 48 16 43
15 83 17 75 1810 1752 15 75 11 52
16 21 15 43 15 82 1152 13 51 12 73
To
m a in t a in t h e e n o r
m on ey ; but
t h e p e o p le a re a lre a d y s e r io u s ly b u r d e n e d .
T h e v a r io u s
Bund
c o m p la in lo u d ly t h a t P r u s s ia h a s b r o k e n
fa ith
w it h t h e m , a n d th a t G e r m a n y is b e i n g P r u s s ia n iz e d b y
fo rce .
32 81
14 37
30 00
23 6 .5
1177
12 87
2812
20 44
a n u n d e r s t a n d in g h a s b e e n b r o u g h t a b o u t b e t w e e n t h e
187
1 64
170
150
K a is e r a n d P r in c e B is m a r c k ; a n d t h e v is it j u s t m a d e b y
T h u s th e a v e r a g e o f N o . 1 a n t h r a c it e p e r t o n in 1893
th e v e n e r a b le e x - C h a n c e llo r is t o b e r e g a r d e d as o n e o f
w a s o n ly 8 1 4 5 2 p e r t o n ,
15 99 15 37
17 38 18 00
29 83 29 25
287
20 45
2 01
1 77
against.
194
1 71
15 78 14 03
IS 85 15 95
3175 20 92
30 32 25 32
t a x a t io n .
G overn m en t needs m ore
S t a t e s o u t s id e o f P r u s s ia w h ic h c o n s t it u t e th e I m p e r ia l
AVERAGE YEARLY PRICES OP ISON AND STEEL FROM 1887 TO 1893.
1SS7,
A rt.icha.
$
O ld Iron T rails at Phlla.... .per ton . 22 97
JS’ o .l anfch io a n .p ig a t Phlla.
“
20 -2
G ray forg e pier iron at Phil t “
17 70
G ray fo rg e pig iron. Lake or
m ixed, at Pittsburg. . . . . .
“
10 02
B essem er pig iron at Pitts..
“
21 37
Steel rails at m ills In Penn.,
“
37 (IS
StT billets at m ills at Pitts...
** 32 55
B est refined bar iron, fro m
V store at P h lla ................ per 100 lbs, 2 20
ATI m u ck bar iron at Piths..
"
195
N e v e r s in c e t h e e s t a b
2 05
185
$ 1 7 52
1 90
171
in
18 91
and
$ 2 0 92 in 1 8 8 7 ; o f B e s s e m e r p i g $ 1 2 8 7 a g a in s t $15 95
I n t h e m id s t o f th is d o m e s t ic t r o u b le s o m e t h in g lik e
t h e m o s t n o t e w o r t h y fa c t s o f t h e d a y .
f u l t h a t t h e G e rm a n
I t is n o t w o n d e r
m in d , i n p r e s e n t c ir c u m s t a n c e s ,
in 1 8 9 1 a n d $2 1 3 7 in 1 8 8 7 ; a n d o f s te e l b ille t s $ 2 0 44
s h o u ld h a v e t a k e n a m o r e fa v o r a b le t u r n t o w a r d R u s s ia .
a g a in s t $2 5 3 2 in 1 8 9 1 a n d $ 3 2 o o in 1 8 8 7 .
A c o m m e r c ia l tr e a t y w ith t h a t p o w e r h a s b e e n a d m it t e d
t h e a v e r a g e s l o r th e w h o le y e a r .
T h e s e are
I n th e f o llo w in g th e
t o b e a n e ce s s ity .
I n t h e e v e n t o f a w ar w it h F r a n c e i t is
lo w e s t p r ic e s r e a c h e d i n 1 8 9 1 -9 3 a re c o m p a r e d w ith th e
fo r e s e e n th a t th e a n t a g o n is m o f R u s s ia w o u ld b e serious,.
lo w e s t p r ic e s r e a c h e d in th e t w o p r e c e d in g p e r io d s o f
I t is a p la u s ib le a s s u m p t io n t h a t b u t f o r t h e f r ie n d s h ip
d e p r e s s io n , iia m e ly in 1 8 8 4 -5 a n d in 1 8 7 3 -7 9 :
o f th e g re a t
b een
LOWEST MUCKS OF IRON AND STEEL.
'73-79.
Articles.
$
Ho. 1 antii. foundry p is iron at Fhila.per ton. 16 50
G r a y fo rse p iK iro n ,],a k e o re ,a tP itts.
“
16 00
Bessem er pig iron at Pittsburg______
«
19 -50
Old iron n ils a t PbiludolpWa..............
“
18 00
Best bar iron :u Pittsburg............. per 100 lbs.
1 60
Steel rails at mills in Pennsylvania...per ton. 40 00
th e
lo w
p o in t
fo r
N o.
In N ovem b er and D ecem
b e r , 1 8 9 3 , t h e sa m e g r a d e a n d v a r ie t y
$13
75
per
to n .
F o r 1 8 7 3 -7 9
1 a n t h r a c it e f o u n d r y p ig was
$ 1 6 5 0 in N o v e m b e r , 1 8 7 8 .
o f ir o n
so ld at
B e s s e m e r p i g at P it t s b u r g a fte r th e
p a n ic o f 1 8 7 3 w as s o ld a t $ 1 9 5 0 in M a y , 1 8 7 8 , b u t in
D ecem ber,
to n .
1 8 9 3 , th e
p r ic e
drop p ed
S t e e l r a ils , w h ic h a re n o w
so ld
N o rth e rn
to boa st o f
P o w e r P r u s s ia w o u l d n o t h a v e
S a d o w a , a n d t h a t i f R u s s ia h a d
'84-85. '91-93
a c t iv e ly in t e r f e r e d S e d a n w o u l d h a v e b e e n im p o s s ib le .
<6
$
17 50
1375 P r in c e B is m a r c k h a s a lw a y s b e e n d is p o s e d t o fin d fa u lt
14 00
10 25
17 00
1100w it h t h e p o li c y w h ic h h a s t r a n s fe r r e d t h e f r ie n d s h ip o f
16 50
1400
150
135 R u s s ia f r o m G e r m a n y t o F r a n c e .
I t r e m a in s t o b e
26 00
24 00
l a e v e r y ca se h e r e th e 1 8 9 1 -3 fig u r e s a r e lo w e r th a n
th o s e t o u c h e d in t h e p r e c e d i n g p e r io d s .
a b le
to o n ly $11 p e r
a t $ 3 4 p e r to n ,
c o m m a n d e d $ 4 0 as t h e lo w e s t p o i n t in t h e p e r io d fr o m
se e n w h e t h e r th e v is it o f
of
h is
p o w e r w ill le a d t o
any
r a d ic a l c h a n g e in t h is p a r t ic u la r .
W h ile
su ch
Ita ly
and
w it h
som e
n a v ie s
G rea t
a re
th e
G erm an y,
u n e a s in e s s
o f F ran ce
B r it a in
a
th e
and
s p ir it
m u ch
o c c u p ie d
arm y;
and
th e
a
s it u a t io n s
of
of
th e
B etw een P ran ce
stren g th
and
a c t u a l r iv a lr y
p resen t
w it h
has
m om ent
her
s e n s a tio n
in
is c o n t e m p la t in g
g r o w in g
R u s s ia .
At
m ore
r e s p e c t iv e
G r e a t B r it a in
en gen dered.
her
1 8 7 3 to 1879.
t h e e x - C h a n e e llo r t o t h e sea t
f o r m e r p o p u la r it y a n d
is
navy
been
F ran ce
th a n
p r o m is e d
is
w it h
by
th e
t h r e a te n e d p r o s e c u t io n o f s o m e p r o m in e n t G o v e r n m e n t
o ffic ia ls , w h o a re
EUROPEA N OOMPLIOATI0N8—R USSIA
AND TEE MEDITERRANEAN.
of
aspect o f
m a tte rs .
ch a rged
On
w it h
M onday
th e
m is m a n a g e m e n t
la s t ,
in
th e
H ou se
o f C o m m o n s , M r . B a lf o u r , t h e le a d e r o f t h e O p p o s it io n ,
I n s p ite o f th e p e a c e fu l s p e e c h e s in h ig h p la ce s a n d
t h e g e n e r a lly p e a c e fu l
naval
t h in g s , o n th e first
v o ic e d th e s e n tim e n ts
of
th e
B r it is h p e o p le
w hen he
c a lle d f o r im m e d ia t e a t t e n t io n o n t h e p a r t o f th e G o v
d a y s o f th e y e a r, c lo u d s h a v e g a t h e r e d o u th e E u r o p e a n
e rn m e n t to th e c o n d itio n o f
h o r iz o n , m u r m u r in g s o f d is c o n t e n t h a v e b e e n f o llo w e d
t r y a n d t h e e m p ir e a t la r g e , a n d p le d g e d t h e O p p o s i t io n
i n s o m e p la ce s b y o p e n r e s is ta n c e t o la w a n d a u t h o r it y ,
t o c o - o p e r a t e h e a r t ily w it h t h e G o v e r n m e n t in its e f f o r t
a n d s u g g e s tiv e e x p re s s io n s o f d o u b t a n d d is tr u s t h a ve
e s c a p e d th e
lip3 o f se v e ra l o f th e le a d in g s ta te s m e n .
I n I t a ly th e G o v e r n m e n t is d e a lin g w ith a c tu a l in s u r
r e c t i o n — -an in s u r r e c t io n w h ic h a lt h o u g h n o t y e t
on
t o in c r e a s e E n g l a n d ’ s n a v a l
p o in t e d
a
to
th e
a c t i v it y
F r a n c e a n d R u s s ia , t o
cent
y e a rs
in
t h e d e fe n c e s o f t h e c o u n
a n d m ilit a r y p o w e r .
v is ib le
in
th e
d ock ya rd s
He
of
c e r t a in m o v e m e n t s m a d e in r e
A s ia — m o v e m e n t s
o n ly
too
o b v io u s l y
scale o f g r e a t m a g n it u d e m i g h t s o o u s p re a d o v e r th e
d ir e c t e d a g a in s t E n g la n d , a n d d e c la r e d th a t th e “ m a in
e n t ir e p e n in s u la .
a r ra n g e m e n ts'1'
I t is f o r t u n a t e f o r I t a ly th a t s h e has
of
th e
tw o
p ow ers w ere
‘ 'e v id e n t ly
now at t h e h ead o f a ffa irs th e a b le s t as w e ll as th e m o s t p r o m p t e d b y t h e a s s u m p t io n o f a c o n f li c t w it h E n g l a n d
fearless s ta te s m a n o f th e c o u n t r y . W o h a v e lit t le d o u b t s o o n e r o r l a t e r , s in g ly o r c o m b i n e d . ” I t w a s h is b e l ie f
that S ig n o r C ris p i w ill s u c c e e d in p u t t in g d o w n th e r e “ th a t t h e B r it is h p e o p l e w e re a m ic a b ly d is p o s e d t o w a r d
THE CHRONICLE.
_________________________________________________ 155#
jA S V A M 'i 27, 1894.]
F r a n c e ; b u t b e h a d t o a d m it
th e c o n v ic t io n t h a t th e
la n d .”
w ith
F rench
th e
w ere
deepest regret
h o s t ile t o
E ng
S u c h s e n tim e n ts f r o m s u c h a s o u r c e a re n o t to
b e ig n o r e d .
S o m e lit t le a llo w a n c e m u s t
e le c t io n e e r in g p u rp o s e s , in v ie w o f a
e le c tio n ;
but
th e
stron g
be
m ade
p o s s ib le
u n d e r -cu r re n t
of
fo r
general
tru th
m a y be f o u n d t o
be
m ore
w h ic h
f a r - r e a c h in g t h a n m o s t
t e llig e n t p e o p le a t p r e s e n t im a g in e .
We
r e fe r
to
r e s u m p t io n
g e n e r o u s ly we a re
o f a u t h o r it y .
w illin g to
Xo
lo o k a t
m a tter
I n th e w h o le r a n g e
in
how
t h e m a tte r, th is
o f h is t o r y
a m p le s a3 th a t n o w w itn e s s e d in
ra re.
W e h a v e n o rea son
g rea t p ow ers h a re
been
to s u s p e c t th a t a n y
b e h in d
th is
w e k n o w th a t th e r e is a R u s s ia n
th a t th e re is a lso a n
s u c li
B e lg r a d e h a v e
te m p la te th e r e s u lt o f s u c h a c o n t e s t .
WHOLESALE PRICES A HD THE COST OF
LIVIN G .
ARTICLE
A u s t r ia n
p a rty.
were in p e r p e ta a l s t r ife .
If
m a y h a v e u p o n th e c o s t o f
th e a r t ic le c o ffe e .
fin d s th e c o s t o f t h e f o o d o f a n o r d in a r y fa m ily t o h a v e
B u t i f th e p r ic e o f c o f fe e h a d b e e n th e s a m e in th e l a t
But
te r as in th e f o r m e r y e a r th e c o s t
We
know
fu r
p er cen t.
th o s e
r e m a in
p a rties
in
B e l
th a t
th e
n o t b e r e v iv e d ?
At
le a s t it is sa fe to say th a t n o g o o d c a n c o m e o f
M ila n 's
in
18 91
B u t c o ffe e w a3 a c t u a lly 6 5 "i p e r c e n t h i g h e r
th a n
in
th e re is an e r r o r
1860.
in
m a n y p o s s ib ilit ie s a n d
ta in tie s , th e re
is o n e
n e v e r a llo w e d
to h a v e a n y d o u b t .
t e r m in a tio n
It
f o r th e la st
th e m a n y u n c e r
r e g a r d in g
w h ic h
th e e n t ir e in c r e a s e in th e c o s t o f
a v e r a g e f a m ily in th e la s t t h ir t y y e a r s ,
th e e r r o r is o n e o f u n d e r r a t in g r a th e r th a n o f
i n g ; f o r th e
am ount
of
c o f fe e c o n s u m e d
has
fr o m th e B la c k S ea
been
her
h u n d r e d y ears.
T h e h is t o r y o f
fix e d d e
I t h a s b een
t h e p r ic e
b le la w s o f tr a d e .
not
th e
p resen t
s t a n d a r d , is
E u r o p e th a t sh e s h o u ld n o t fin d s u c h a w a y .
U p u n til
A u s t r ia a n d
p o w e rs .
tio n
it
th e y
have
S p a in
E n g la n d .
U n t il
I ta ly c o u ld
h a r d ly
S in c e
t h e ir
m ay
be
sh ared
be
c o n s id e r e d
d e v e lo p m e n t
s a id
w ith
in
w ith
F r a n ce
G erm an y,
n aval
t h is
d ir e c
c o n f id e n c e
and
th a t
E n g la n d
and
in th e d e t e r m in a t io n to k e e p R u s s ia o u t o f th e
M e d ite r r a n e a n .
n ew ,
r e c e n t ly
T h e s it u a t io n , h o w e v e r , has
becom e
F r a n c e , a t o n e tim e th e m o s t je a lo u s o f R u ss ia n
a g g re s s io n s o u t h w a r d , a n d o n e o f
th e m ost h e r o ic a n d
c o f fe e is in t e r e s t in g in
T h e fig u r e s g iv e n b y th e F in a n c e C o m
c e n t s a p o u n d m o r e th a n
t h e p r e s e n t tim e s u c h h a s b e e n th e h is t o r ic a l p o l i c y o f
of
m it t e e a re th e q u o t a t io n s o f “ f a i r ” R i o ,w h ic h , a l t h o u g h
th e d e t e r m in a tio n o f th e C e n tr a l a n d W e s te r n p o w e r s o f
and
c a p it a
it s e lf a n d as an e x a m p le o f th e w o r k in g o f th e i n e x o r a
te r m s o f
F ran ce
o v erra t
per
in 1 8 6 0 t o m o r e th a n 91 p o u n d s at th e p r e s e n t t i m e .
w e are
It i s th e f ix e d p u r
p o se o f R u ssia to fin d a fr e e o u t le t
M e d ite r r a n e a n .
an
I t is h ig h ly p r o b a b le t h a t i f
th e c a lc u l a t i o n w h ic h th u s m a k e s
has in c r e a s e d * g r e a tly , f r o m less th a n s ix p o u n d s a y e a r
s o jo u r n in th e S e r v ia n c a p it a l.
in t o th e
fo o d w o u ld h a v e
s h o w n a v e ry s m a ll d e c re a s e — les s th a n o n e - t e n t h o f o n e
g u a ra n tee h a re we
t h in g
of
an d
has b e e n
th e
a ffo r d e d b y
in c r e a s e d 3 -7 p e r c e n t in 1891 as c o m p a r e d w it h 1 8 6 0 .
th e f o o d o f
A m id
s in g le a r t i c le
is
ex
c o f fe e r e s p o n s ib le f o r
le p o r t e d , w h a t
a
T h e S e n a te C o m m it t e e o n F i n a n c e
g r a d e , a n d e s p e c ia lly i f h e is to a s s u m e th e r e g e n c y , as
o ld in tr ig u e s a n d a n im o s it ie s w ill
of
l iv in g t h a n
S e r v ia
pow er
h e is to
p o r t a n c e w h ic h th e c o u r s e o f p r ic e
in
p a rty
th e r th a t so lo n g as M ila n w as in
H I.*
T h e r e is, p e r h a p s , n o b e t t e r i ll u s t r a t io n o f t h e im
b een
o f th e
m o v e m e n t.
com e b e fo r e ,
B u t in v o lv in g
so m a n y o f th e g r e a t n a t io n s , o n e d o e s n o t l i k e t o c o n
th e
r e tu r n o f a d e p o s e d a n d e x ile d k in g h a s a b o u t it a n a ir
o f m y s te ry .
not b e w o n d e r fu l i f G r e a t B r i t a i n
w ill
th e g r e a te s t n a v a l p o w e r in th e w o r ld .
r e t u r n o f K i n g M ila n o f S e r v ia t o B e lg r a d e , a n d to h is
p r a c t ic a l
It
is
p a t e n t to e v e r y o n e .
A m o n g th e in c id e n t s o f th e h o u r th e r e is o n e
knowD.
s h o u ld c o m e o u t o f it , as s h e h a s o f t e n
“ N o. 7 ,”
a lw a y s tr a n s la ta b le i n t o
fo r th e “ fa ir ” g ra d e
is
a lw a y s 1 £
X o . 7 , th e a d o p t e d s t a n d a r d .
T h e p r ic e o f f a ir R io in 1 8 4 0 w as 9 c e n t s a p o u n d . T h e
m a x im u m p r ic e in th e y e a r s 1 8 4 0 -5 0 w as K ty
c e n t s in
J a n u a r y 1 8 4 1 ; th e m in im u m 5| c e n t s in O c t o b e r 1 8 4 8 .
B e tw e e n 18 50 a n d
I8 60
it f lu c t u a t e d w it h in n a r r o w e r
lim it s — 7 4 a n d 114 c e n t s .
S t a r t in g a t th e la s t -n a m e d
q u o t a t io n in J a n u a r y 1 8 6 0 , it r e a c h e d a m a x i m u m
8 $ c e n t s in J a n u a r y 1 8 6 9 .
S in c e th e n th e s u c c e s s iv e e x
tre m e s o f p r ic e h a v e b e e n th e s e : 2 5
cen ts
in
J a n u a ry
1874, 8 c e n t s in J a n u a r y 1 8 8 3 , 12 j c e n t s in J a n u a r y 1 8 8 4 ,
p e r s is te n t p r o t e c t o r s o f t h e O t t o m a n P o r t e , has b e c o m e
8 j c e n t s in J a n u a r y 1 8 8 6 , 1 9 ]
th e w arm f r ie n d o f R u a sia , p e r f e c t ly in d if f e r e n t t o th e
14| c e n t s in A p r il 1 8 8 8 , 301 c e n t s in O c t o b e r 1 8 9 0 ,
fa t e o f T u r k e y , a n d has g o n e so fa r as t o o f f e r th e g r e a t
c e n t s in O c t o b e r 1891.
N o rth e rn p o w e r a p e rm a n e n t n aval
1871
harbor o f
r e fu g e
W e h a v e s a id t h a t to g e t a fr e e o u t l e t fr o m th e B la c k
> e » th r o u g h th e D a r d a n e lle s in t o th e M e d ite r r a n e a n is
A p r il 1 8 8 1
B u t as o f t e n as R u s s ia h a s tr ie d to
r ig h t o f
w ay in s p it e o f
a n d c o m p e lle d t o c a ll a h a lt.
th e
a n o t h e r e ffo r t .
p resen t
tr e a tie s
to
th e
T h e q u e s t io n is w h e t h e r
a
W e have
w ay, th e
fit t in g
no
fo rce s
tim e
to
m ake
h e s it a t io n in s a y in g th a t
a
w ar
and
en d eav ors
to
F o r it is a lm o s t tr u e th a t s u p p ly a l o n e
C o® c
b u t a n e ce s s ity .
h a v e it.
fo ld in p r ic e fr o m 1 8 6 9
n a v a l f o r c e s o f I t a ly , a n d in p r e s e n t c ir c u m s t a n c e s th e
navai
fo r c e s
of
G erm an y,
w h a te v e r
th e se
m ay
P r o b a b ly th e p r e s e n t t im e is n o t d e e m e d s u it a b le .
w hen
th e
s t r a g g le
fie rce s t c o n t e s t s
on
does
com e
w a te r
it
w h ic h
w ill b e o n e
of
b e.
But
th e
th e w o r ld h as e v e r
th e
p r ic e m a y b e , h e w ill
to
1 8 7 4 , th e
in
net
im p o r t s in
th e f o r m e r y e a r
to 2 8 1 *9 m illio n p o u n d s in th e la t t e r ; a n d a g a in , w h e n
th e p r ic e d o u b le d
b e t w e e n 1886 a n d 1 8 9 1 , th e n e t i m
5 3 f* 2 m illio n p o u n d s
G r e a t B r it a in , th e
th e A m e r ic a n n o t a lu x u r y
c re a s e d fr o m 2 4 3 *4 m i llio n p o u n d s
to
naval fo r ce s o f
to
T h u s , a l t h o u g h c o f fe e a d v a n c e d n e a r ly t h r e e
p o r ts s h o w e d
th e
is
W h a tever
m a k e h e r w ay in t o th e M e d ite r r a n e a n S e a , s h e w ill h a v e
en cou n ter
Bat
C o ffe e c o m e s as n ea r as a n y a r t ic le c a n c o m e to b e in g
c o n t r a r v , s h e h a s b e e n c o n f r o n t e d b y th e tr e a t y P o w e r s
i f . in a n y
p r ic e so lo w as t h a t in
an e x c e p t io n t o th e r u le th a t s u p p ly a n d d e m a n d r e g u
q u e s t io n fo r e v e r .
th in k s
16
O ctob er
A t t e m p t s h a v e a g a in a u d a g a in b e e n m a d e
la te th e p r ic e .
sh e
th e
b e tw e e n
b e tw e e n 1 8 5 0 a n d I 8 6 0 .
r e g u la t e s it .
th is
w as
O ctob er 1887,
b e tw e e n 1881 a n d 1 8 8 7 th e a v e r a g e p r ic e w as as lo w a s
to b r e a k t h r o u g h th e b a r r ie r o f tr e a t ie s , a n d to s e t t le th is
o b t a in
A t n o t im e
in
R u s s ia n G o v e r n m e n t a n d
o n e o f th e fix e d p u r p o s e s o f
d ip lo m a c y .
and
cen ts
1 8 6 0 , n o r f r o m J a n u a r y 18 87 to th e p r e s e n t tim e .
o n h e r o w n s o il in M e d ite r r a n e a n w a ters.
of
434 c e n t s in J a n u a r y 1 8 6 5 , a n d th e n d r o p p e d r a p id ly t o
o n ly a v e ry in c o n s id e r a b le
to
51 1
m i llio n
d e c lin e , f r o m
p ou n d s.
W hen
c o ffe e is h i g h th e u se o f a d u lt e r a n t s b e c o m e s g r e a t e r o n
th e C o n t in e n t o f E u r o p e ; b u t in th is c o u n t r y th e tr a d e
has
n ever been
a b le
to
p e r s u a d e p e o p le t o ta k e a n y -
*F«f preceding article* »ee C h b o s i c x e of January 20,1891, page 103,
and Decem ber 23, 1893, page 1,U€5.
THE CHRONICLE.
160
th m g
but
tra ry to
ih u
th e
p u re
berry,
t e a c h in g s
of
I V n e n w e a d d th a t, c o n
p o li t ic a l
e c o n o m y , t h e in
c re a s e d d e m a n d f o r c o f fe e d o e s n o t
le a d
n e n t ! ? in cre a s e d s u p p ly , h u t o n ly t o
th e a m o u n t
as is
im p lie d
c r o p is g o o d a n d t h a t o f
b e fo r e
in
to
p r o c e s s o f s t e e l m a k in g , a n d y e t b y n o m e a n s less i m
p o r t a n t in t h e lim it e d s p h e r e o f its o p e r a t io n .
W e h a v e th u s f a r sa id n o t h in g u p o n th e g r e a t q u e s
a perm a
tio n o f t h e c o s t o f c l o t h i n g .
s u c h v a r ia tio n o f
T h e F in a n c e C o m m it t e e
o f th e S e n a te h a s n o t b e e n a b le to t h r o w m u c h l i g h t o n
th e fa c t th a t o n e year s
a n oth er year
IVOL.LYIII.
t h is s u b je c t .
bad, we have
It
h a s c o lle c t e d a n im m e n s e a m o u n t o f
in f o r m a t io n r e g a r d in g th e c o u r s e o f p r ic e s o f f a b r i c s o f
us an a r t ic le , a n d an im p o r t a n t a r t ic le , w h ic h
b a ffle s o n e w h o a t te m p ts to d r a w f r o m th e s e q u o ta tio n s
c o t t o n a n d w o o l, a n d f r o m
a n y d e fe n s ib le p h ilo s o p h y o f p r ic e s .
a g e o f 8 1 A as t h e c o s t o f c l o t h i n g in 1 8 9 1 as c o m p a r e d
L et ns
tu r n n o w
to
so m e o t h o r cla sses o f
a r ticle s
w h i c h m a y b e c it e d — in o p p o s it io n to a n y t h e o r y
w it h
1860.
In
th e
hav
th o s e
a l ly in o n e d ir e r ! m u.
c o u r s e o f th e p r ic e o f
dec1 ed
n e a r ly sta tion -.
\ \ e,h a ve seen t h a t w h ile b r e a d -
th e sm a ll
m o v e m e n t th a t h a s
a ffe c t b o th
id e n t ic a l.
k r ds
of
ta k e n
Y e t t h e in flu e n c e s t h a t
c o m m o d it ie s a re
T h e s o u r c e o f s u p p ly h as
s im ila r i f
been
t o th e sa m e r e g io n ; th e e ffe c t o f c h e a p
of
raw
m a te r ia l.
F or
b oots
of
t h is
average
no
n o n e w e re u s e d e x c e p t
e x a m p le , t h e e s t im a t e d
and
sh oes
is
s i m p ly t h e
c o u r s e o f le a t h e r , o f w h ic h t h e r e a re t h r e e q u o t a t io n s
la r g e ly in p r ic e , b e e f has r e m a in e d
p la c e h a v in g - on an a d v a n c e .
c a lc u l a t i o n
q u o t a t io n s w e r e a v a ila b le a n d
i n g f o r its ba sis th e id e a o f a t e n d e n c y o f p r ic e s g e n e r
s t u ffs h a v e
th e m has d e d u ce d an a v er
not
tr a n s fe r r e d
r a ilr o a d tra n s
o n ly e x t e n d in g b a c k t o 1 8 6 0 , n a m e ly
n ess le a th e r a n d so le le a th e r .
based u p o n s o s le n d e r a f o u n d a t io n
lit t le c o n v ic t io n .
o f a ll
d r y h id e s , h a r
M a n if e s t ly
a n y fig u r e s
as t h a t
ca n ca rry
I t is a m a t t e r w it h in t h e k n o w le d g e
w ho have
t h e s lig h t e s t a c q u a in t a n c e w it h t h e
p o r t a t io n a n d o f h ig h o r g a n iz a t io n o f tr a d e is e q u a l in
s h o e tr a d e t h a t th e u se o f m a c h in e r y a n d th e i n t r o d u c
b o t h c a s e s ; a n d b e e f is o n ly th e c h e a p e n e d a g r ic u lt u r a l
t io n o f th e f a c t o r y sy ste m in t h e la st t h ir t y y e a r s h a v e
p r o d u c t i o n tr a n s fo r m e d in t o a n im a l tissu e.
ch ea p en ed
I f w e seek
f o r th e ca u se s o f th e d iffe r e n c e w e s h a ll d o u b t le s s
th e m
e a s ily
in
th e
g r e a te r
th e m o re
r a p id ly
in c r e a s in g
w h ic h b e e f m u s t b e b r o u g h t
sou rce o f
our
g r a in
d is ta n c e
th a n th a t
w h ic h
th e
fr o m
is
th e
s u p p ly , a n d in a g r e a te r p r o p o r
t io n a t e d e m a n d u p o n th e
t h e d iffe r e n c e are
tillin g
not
s u p p ly .
fo r
But
th e
ca u ses
of
o u r p r e s e n t p u r p o s e o f so
m u c h in te r e s t as th e f a c t o f
t h e d iffe r e n c e , w h ic h d is
p r o v e s a ll th e o r ie s o f a g e n e r a l t e n d e n c y
o f p r ic e s a n d
s h o w s th a t th e c o u r s e o f e a c h a r t ic le d e p e n d s
u p o n th e
T h is is r e a lly a c o m m o n p la c e , b u t it is an in t e r e s t in g
n e v e r th e le s s .
a n o t h e r e x a m p le .
Let
us
illu s tr a t e
is § 2 6 OS p e r 1 ,0 0 0 f e e t ; th e
cen t.
1891
The
average
of
is $1 6 4 2 , a n in c r e a s e o f
p r ic e
of
p in e
s t a n d a r d s ize , w as $1 60
d oors,
e n o r m o u s in cr e a s e in th e c o s t o f
c f th e m a n u fa c t u r e a n d
th e p r o d u c t ; an d
we
th e
sa m e o n
u n m o ld e d ,
H ere
th e
1860,
n e a r ly 78 p e r
e a c h in 1 8 6 0 a n d
i n 1 8 9 1 , a d e c re a s e o f 2 2 p e r c e n t .
cf
it by
T h e a v e r a g e o f t h r e e q u o t a t io n s o f
w h it e p in e .b o a r d s , c le a r , o n e i n c h , f o r J a n u a r y
Jan u ary
B u t i f th is is t r u e o f o u r b o o t s a n d s h o e s , w h a t s h a ll
$1
we
25
of
a
each
have an
s o le ra w m a te r ia l
a la r g e r e d u c t io n in t h e p r ic e
know
b e s a id
we
to
ig n o r e a lt o g e t h e r t h e c o n s e q u e n c e s o f t h e in v e n t i o n
of
th e
c lo t h in g o f
of
t h e s e w in g m a c h in e ?
th a t
th e
m o n e y d a ily
our
b o d ie s ?
w h a t w e a ll k n o w b u t w h a t d o e s n o t a lw a y s r e m a in
in
a ll
th e u n d e r w e a r o f m e n , w o m e n a n d c h il d r e n w a s
at
hom e
by
hand.
The
lu x u r y o f th e r i c h a n d w a s a c r u d e a ffa ir in c o m p a r is o n
w it h th e p e r f e c t m a c h in e s o f
to -d a y .
a lr e a d y in
it d o e s t o -d a y .
of
m od ern
w h e lm e d b y
O n e h a s o n ly t o s u g g e s t
m eth od s
in
su ch an
m a k in g
h ig h e r
fr o m
th e
g r e a t m a rk e ts
e x h a u s t io n
and
p orted
a r tic le ,
p oten t
to o v e rco m e
and
becau se
of
L u m b e r is
th e s u p p ly n e a r th e
t h e r e is a d u t y o n t h e im
im p r o v e d
a ll t h e
m a c h in e r y
in c r e a s e
in
has
been
th e p r ic e o f
m a te r ia l a n d e f f e c t a n im p o r t a n t r e d u c t i o n b e s id e s .
A n o t h e r cla ss o f a r tic le s in
w h ic h a v e ry g r e a t r e
a lth o u g h
th e
w on ders
c lo th in g to b e
abu n dan ce
cf
e x a m p le s t h a t it is im p o s s ib le t o
over
illu s t r a t io n s a n d
choose
th e b est
im p o s s ib le t o s e le c t a n y o n e w i t h o u t p r e s e n t in g
th in g
s t r ik in g .
S h a ll
we
m e n tio n
fiv e c e n t s ?
and
som e
“ t h r e e - d o lla r
p a n t s ” o r w e ll-m a d e f u ll- s i z e d u n d e r s h ir t s f o r
tw e n ty -
S u p p o s e w e ta k e a n a r t ic le w h ic h m u s t b e
t o m a n y p e o p l e a n u n e x p la in e d m a r v e l o f
ch ea pn ess—
a m a n ’ s u n la u n d e r e d s h ir t , w it h lin e n b o s o m a n d c u ffs ,
s o ld a t r e t a il f o r f if t y c e n t s .
T h e co tto n
c o s t o f t h is s h ir t in t o its s e v e r a l
B u t th e r e is n o t
th e m a t t e r .
And
u se it co st m ore
th a n t h r e e tim e s as m u c h t h e n t o k n i t b y m a c h in e r y as
w h ile t h e ir h o u r s a re o n e les s a d a y .
m ystery a b o u t
m ade
s e w in g -m a c h in e w a s s t ill a
th e lin e n is s t r o n g , t h o u g h n o t fin e .
s lig h te s t
m om ent
o n r t h o u g h t s , t h a t in 1 8 6 0 p r o b a b ly n in e - t e n t h s o f
w a g es o f th o s e w h o m a k e t h e d o o r s h a v e b e e n in c r e a s e d ,
th e
A re
L e t u s c o n s id e r f o r a
t h e k n it t in g - m a c h in e w a s
c ir c u m s t a n c e s p e c u lia r t o it s e lf.
c o m m o n p la c e ,
fo o t -w e a r g r e a t ly , w h o l ly in d e p e n d e n t ly o f
th e p r ic e o f r a w m a te r ia l.
r is k s a n d m o r e f r e q u e n t
losses arid fa ilu re s in r a is in g c a t t le th a n in
s o i l ; in
fin d
i3 g o o d
e le m e n t s , t h e
b e i n g f u r n is h e d b y a la r g e c o r p o r a t i o n w h ic h
s p e c ia lt y o f th e a r t ic le .
and
W e c a n d iv id e t h e
fig u r e s
m akes a
T h e s h ir ts d e s c r ib e d a re
s o ld
t o t h e j o b b e r , d is c o u n t s d e d u c t e d , f o r I T 0 3 p e r d o z e n ,
o r 33|- c e n t s
cost
th e
covers
each .
The
m a n u fa c t u r e r
th e
cost
pen ses, c o s t o f
of
m a te r ia ls , c o t t o n
20
c u t t in g ,
cen ts
a n d lin e n ,
13i
each , an d
cen ts
m a k in g , c o r p o r a t io n e x
s e llin g a n d m a n u f a c t u r e r ’ s p r o fit.
At
25
d u c t io n h a s ta k e n p la c e , fr o m a d iffe r e n t ca u se , is g la s s
r e ta il t h e m a te r ia ls o f th e s h ir t w o u ld c o s t a t
w are.
c e n t s n o w ; in 1 8 6 0 t h e y w o u l d h a v e c o s t 4 0 c e n t s , a n d
has
N e it h e r h a s im p r o v e d m a c h in e r y c a u s e d i t n o r
an
in cr e a s e
o f w a g es
p r e v e n t e d i t ; a n d t h e in
t h e c u t t i n g a n d m a k in g b y h a n d w o u l d h a v e
le a s t
cost
flu e n c e o f th e ta riff, w h ic h is c e r t a in ly to w a r d h ig h e r
less th a n 60 c e n t s .
p r ic e s , is r e n d e r e d w h o lly im p e r c e p t ib le b y th e e n o r m o u s
th e c o s t o f th is a r t ic le h a s b e e n r e d u c e d o n e - h a lf .
f o r c e o f a n e w p r o c e s s o f m a n u fa c t u r e .
w h ile e x a c t f a c t s a re la c k in g , i t m a y b e
g la s s g o b le t s w h ic h s o ld f o r
had
T h e com m on
$ 1 60 p e r d o z o n
in
1860
d r o p p e d t o 45 c e n t s p e r d o z e n in 1 8 7 8 a n d to 25
•cents in 1 8 9 1 .
not
S o , a t th e v e r y lo w e s t c a lc u l a t i o n ,
b u t s m a ll e r r o r t h a t , e x c e p t f o r
t a ilo r - m a d e
fo r m e n a n d w o m e n , t h e m a te r ia l o f
And,
assu m ed
w h ic h
w it h
g a r m e n ts
is
expen -
O n a la r g e n u m b e r o f o t h e r a r tic le s o f
s iv e , im p o r t e d c l o t h , th e g e n e r a l c o s t o f c l o t h i n g , o u t e r
g la s s , q u o t e d o n ly s in c e 1 8 7 8 , th e r e d u c t io n has b e e n
a n d u n d e r w ea r, b o o t s a n d h a ts , is n o w li t t l e m o r e t h a n
n e a r ly
h a lf as m u c h as in 1 8 6 0 .
A ll
50 p e r
t h is
cent
re d u c tio n
in
is
th e
t h ir t e e n
yea rs
to
1891.
d u e t o th e in t r o d u c t io n o f th e
W e w ill r e f e r b r ie fly t o o n e o t h e r it e m o f
fa m ily e x
S ie m e n s p r o c e s s in g la s s m a k in g , a n in d u s t r ia l c h a n g e
p e n d it u r e , a b o u t w h i c h m u c h t h a t is in t e r e s t in g m i g h t
•of fa r less im p o r t a n c e , o f c o u r s e ,
b e w r i t t e n - lig h t i n g .
th a n
th e
B es sem er
T h i r t y y e a rs a g o a t le a s t n in e -
THE CHRONICLE
J axcaby 27, 1894.]
t e n t h s o f t h e p e o p le o f
th e c o u n t r y , t a k in g u r b a n a n d
r u ra l p o p u la t io n t o g e t h e r , h a d n o o t h e r illu m in a t io n o f
th e ir h o m e s a t n i g h t th a n c a n d le s
f o r th e b u r n in g o f
m ous ch a n g e
has
la r d
been
w rou gh t
a n d c h e a p e n in g o f k e r o s e n e
r e ta il p r ic e
of
a
in e f f ic ie n t la m p s
o il!
W h a t an e n o r
b y th e
F rom
in t r o d u c t io n
la r d
o il a t a
d o ll a r a g a llo n , o r s p e r m o il, w h ic h
w as h ig h e r s t ill, to c o a l o il
s te p '
or
o r w h a le o i l .
at
s ix c e n t s , w h a t a g r e a t
A c o m f o r t w h ic h r e q u ir e d s a c r ific e a n d e c o n o m y
a g e n e r a t io n a g o h a s b e c o m e a n e c e s s it y , b u t so c h e a p
t h a t e v e n th e p o o r e s t n e e d n o t c o n s id e r th e e x p e n s e .
I n c o n c l u d i n g th is s e rie s o f a r tic le s w e a re q u it e c o n
s c io u s th a t w e h a v e c o n t r ib u t e d n o t h i n g tc tb e s c ie n c e
o f p r ic e s , i f th e r e b e s u c h a s c ie n c e , a n d
th a t w e h a v e
b r o u g h t fo r w a r d n o t h in g th a t
te n d s
to t h e
m e n t o f a n y g e u e r a l la w .
seem s
to
e a r ly
to
w orth y
try
It
to d is c o v e r s u c h la w s .
us
e s t a b lis h
m u ch
to o
B e fo r e a n y t h in g
of th e n a m e c a n b e f o r m u la t e d , t h e r e m u s t be
y e a rs o f e x p e r ie n c e a n d r e s e a r c h , a n d t h e m a te ria ls fo r
s t u d y m u s t be a c o ll e c t i o n
of
p r ic e s m u c h m o r e c o m
prehensive and long-continued than th e c o ll e c t i o n n o w
a t o a r d is p o s a l.
S C S I I f ESS I X ENGLAND IN ISO*.
OwRinaaleattwl by oar London eorrwpotidvet.j
LoKPOX, Saturday, January 13, l s94.
In tbe year jn*t ended trade in this country was undoaljte tly bad, taxing the whole twelve moot is tor- the r. It
was very depressed during tbe first four months; then for
three months them w»r* signs o f recovery; but du rin g the
last five months the d# pr**»km became worse than at the
start. Partly ts is was the result of the currency troubles in
the United State* and the bat king crash in Aastrsl n. but
largely it was a consequence of the long-continued drought
and of the coal strike.
The exports of British and Irish produce and m aun factore#
began to shrink immediately after the Baring collapse at the
end of 1890. and they continued to decrease lioth in value and
in quantity up to the ei.d o f April last. Then, as already said,
there was an improvement—a small Increase compared with
the corresponding period o f 1898 for three month— but lur
ing the last fire months of the year the falling o ff was exceed
ingly great. In some months, indeed, the value of the exports
was lower than in any y*ar since 1879, On the other hand,
the imports were not imtm diately affected hr the Baring col
lapse. They continued to increase for about a year anil a-half,
so that while our export* were largest in 1890 our imports
wore largest in 1*91. In th- ■>*-rood half o f 58.<1 there was a
decided decline, which e mtinned all through the past year.
Tbe value of the exp r:» of British and Irish prtwiuce and
manufacture* for the past year was a trifle under 2I81q mil
lion* sterling, being a decrease of somewhat over 8? j millions
sterling, or 3*71 per cent. The value o f the imports was a
little over 405 million* sterling, being a deemasa of rather
more than 181* mdlionj sterling, or 4 11 per cent. In propor
tion the falling off was greatest in coal, next in woolen goods,
next in iron and steel of all kind.*, and next in cotton yarns
and manufac tm s. The cons.trits which bought much less
from us than in tbe year 0 fore were the United States, Aus
tralia, France and Cliili. The countri*» which bought more
were India, A»g. n’ ma, U runny, Turkey, and a few minor
States, To a certain extent o f course the falling off is due to
the very low pricta that have ruled all through the year; but
there was undoubtedly a shrinkage in the volume of business
likewise.
The home trade has been very much less affected by the
crisis through which the world has been passing than the
foreign trade. Trie cr sis, so far os this country is con
cerned, wag mainly a rich man’s crisis. It affected credit
and investment much more than it affected commercial boatnes*, and it affected our foreign trade more than our home
trade, Indeed, in the first half of the past year the home
trade continued to be wonderfully good. In one of his budget
state monte a couple of year* ago, Mr. Goschen, then Chan
cellor of the Exchequer, pointed oat how well the home trade
161
had stood the strain, and he argued from this that he was
justified in assuming that it would continue good and that
the revenue would not fall off as much as had been expected.
He cited in support of his position some very curious and in
teresting information, showing for instance that the aggregate
incomes of the medical profession assessed to the income tax
were somewhat larger than the profits of cotton manufac
turers of all kinds, that the incomes o f the legal profession
exceeded the profits of all capitalists in the coal trade, and
that the profits made by those who distribute and transport
are twice as large as the profits of producers and manufac
turers. Until the coal strike threw all kinds of business out
of gear the expectations entertained by Mr. Gosehen were
we!! realized axd the home trade continued fairly good.
But since the beginning of tne coal strike there has undoubt
edly been a great interference with the home trade. Large
numbers have been thrown out o f employment, wages have
declined, and the business of the country even yet has not re
covered. The strike was immediately caused by a fall in the
price of coal which had been going on for nearly a year. The
coal trade had been at first less affected by the Baring collapse
than anv o f our great industries. But early in 1892 it began
to feel the crisis, aud a movement to reduce wages brought
on the great Durham strike, which lasted for about there
months, In the Midlands, where over 309,001 men are era ployed, the coal owners, though threatening every now and
then to insist upon a lowering of wages, refrained in 1892.
Last year, however, they slated that it was impossible to go on
paying so much to their men, and they demanded a reduction
of 25 i«*r cent on the rise that had previously taken place since
1889—that is,*25 per cent out of the id p *r cent rise that had
taken place. The strike, which for several weeks spread to
Wales, and also affected Scotland to some slight extent, inter
rupted work on so large a scale that the output of coal was
lower last year than for many years past. There has natu
rally been a rise in prices since, but there are doubts whether
it can he maintained. According to the settlement brought
about by lo rd Re** fiery, there is to be a Conciliation Board
formed to meet at the beginning of next month, and there is
still much apprehension that the miners may refuse to abide
by the decision of the board, and that another dispute may
break out. It b to fi<> borne in mind, however, that the losses
of the miners have been very great, that the Federation funds
are exhausted, that tbe men themselves have spent all their
saving*, nnd that therefore if they stop work agnia they will
have to depend altogether upon outside financial help.
Tbe high price o f coal, considering the low prices
in almost every o'her industry, is loudly complained o f
in the iron trade.
It is said that the industry is
being strangled because of the cost of production,
which i» mainly dne to the high price of coil. During the
year tile iron trade has been exceedingly quiet in all Its
branches. The lowest price o f Scotch pig-iron warrants was
40a. 2’ jd ., about the middle of May, and tbe highest price was
44s. Id. about the middle of December: and the other kinds o f
pig-iron have moved even less than Scotch. Manufactured
iron baa been equally quiet, A comparatively email business
ha* been d o n e , and prices have moved within narrow limits*
But the stock of pig-iron now existing is unusually small, and'
owing to this, strong hopes are entertained that we are about
to see a decided improvement in the trade. It is added that
the high price o f coal has rendered an advance in the price of
all kind* of iron and uteri! inevitable. Indeed, the steel trade
is just now in a worse position than the iron trade. Ta» price
of steel U r ship-building i# at the present time about 7s. (id.
per ton cheaper than in 1889, the year of lowest price
hitherto. But in 1886 “ hematite" was from (R to 8s. cheaper
than it is now; consequently the itcsd maker is even in a
worse position than the iron maker. Lastly, it is understood
that the Government is about to give out a considerable
number of orders for new men-of-war.
The decision of the Russian Government to keep a squadron
in the Mediterranean in the future, and the opening of her
ports to that squadron by Fiance, have made a great inoprerrion opon English opinion. It has been pointed oat that
Russia and France together are stronger than England in the
M< diterranean, and the feeling aroused is such that the Gov
ernment has detided to increase largely its ship-building p ro
gramme. It is understood that the National building yards
are not large enough to meet the requirements, and that con
sequently private ship-builders will get large orders, Tho
162
I H H CHRONICLE.
increase in ship-building, it is hoped, will increase the demand
for steel and iron, and as the stocks of iron are exceedingly
low just now, there is a general expectation that before very
long we shall see a marked advance in the price. Whenever
the rise does come, it is reasonably certain, because of the
lowness of stocks, that it will be considerable and rapid,
Owing to the long coal strike several furnaces were blown
out in Scotland, At the end of the strike the number in blast
was o n ly -18, against 71 at the beginning of July, This ac(M Bt« very largely for the lowness of existing stocks. Ia
Cleveland, on the other hand, there was very little diminution
in the make until November, when four furnaces were put
out. It would appear that Cleveland iron has been taking
the place of Scotch in the home consumption very largely for
some months past; at all events there is no evidence of any
reduction in the demand for Cleveland iron, while, as already
stated, there has been a great reduction in the make in Scot
land. Cleveland pig-iron, however, is relatively cheaper than
Scotch, which perhaps accounts for the preference now given
to i t
The cotton trade has been unprosperous throughout the
year. It used to be said that 1892 was one of the worst years,
taking it all together, that had ever been experienced in the
trade. Some authorities in Manchester and elsewhere assert
that 1893 has been as bad. That is perhaps somewhat of an
exaggeration. It was a bad year, but not so bad as the year
before. The first half was exceedingly bad. The price of
cotton opened high, and there was a steady fall for a con
siderable time, so that those who had laid in raw cotton at
the higher prices suffered not only from the fall but from the
fact that the demand everywhere was exceedingly bad. But
in the second balf of the year there has been undoubtedly
greater activity, mainly owing to the large imports into India
which followed the closing of the Indian mints. There are
complaints upon the Continent as well as in England that the
cotton trade for three years in succession has been exceed
ing! v bad. But while in England there is little increase in
the manufacture, there is a very decided increase upon the
Continent. Perhaps the best index of the condition of the
trade is afforded by the earnings of the Oldham Limited
Liability companies. Out of 93 companies 31 show profits
o f £31,876 and 62 show losses of as much as £104,644.
The total paid-up share capital of the 93 companies is
8 % millions, sterling. The net earnings of the whole
93 companies taken together during the past year were
over £72,000, or about 1% per cent per annum. But
it is to be borne in mind that this does not give the real
net earnings, for besides the share capital there is a loan capi
tal of somewhat over 33^ raiilions sterling, upon which the
fatal interest is somewhat over £ 148,000. Deducting tbe losses
on tbe share capital from the interest on the debenture capital,
the net profit on the whole capital of the 93 companies is
somewhat over £75,000, or aboutl 1-16 per cent. It will be seen
that if the share and the debenture capitals are added together
the total somewhat exceeds 7 millions sterling. The Oldham
C hronicle, commenting upon the balance-sheets of the several
companies, observes that a private spinner who employed his
ow n capi'al only—who had no debt of any kind, that is to
say—would have earned last year about 1 1-16 per cent upon
that capital, whereas iu the year before he would not have
earned quite % per ceut.
Matters have not been quite so bad in the woolen as in the
cotton trade perhaps, although there has been great difficulty
experienced in keeping the mills going. The power of pro
duction of this country is capable of supplying the fullest dearaattd of the best year, and last year the foreign demand was
had almost everywhere. There was a great falling off in the
demand for the United States for the Continent, for Australia
ant! for the silver-using countries. There was an improve
ment ia the demand for Canada and for New Zealand, and
there was some increased demand also for South Africa. But
generally speaking the demand outside of the country was
greatly smaller than for many years before. During the first
half of the year, on the other hand, the home demand was
exceedingly good. The spring was exceptionally fine and
bright and the summer was exceedingly hot. There was,
therefore, a better spring trade than is usual in this climate,
and the summer trau was likewise exceedingly good. But
unfortunately the great coal strike interfered with the
woolen a-. «. i'h .so many other branches of industry. It made
p.-cduenon d«ar, it les-ensd the purchasing power of the
I^ot. tiVi r.
working classes, and it turned what had promised for six
months to he a fairly prosperous year into an un prosperous one
before Christmas was reached. Still, the home trade is more
important by far than the foreign trade for the woolen indus
try, and for almost half the year the home trade was exceed
ingly good. The prospects for the new year are not unfavor
able. It is hoped that the labor disputes are at an end, and
there are signs of recovery in many directions. If so, the
wool trade will be amoDgst the first to share in the improve
ment. So far as the trade in raw wools is concerned—which
indeed affects the Colonies and South America more than this
country—it is to be observed that there was a great absence of
American buying at all the wool auctions during the second
half of the year. It was even said that wool had been sold iu
London which had been bought by Americans earlier in the
year in Australia ; and Australian wool-growers are anxiously
watching just now whether American buyers will appear
early in the market in as large numbers as they formerly
did.
Ship-building was on a much less active scale last year than
during the three preceding years. It will perhaps be recol
lected that in 1890, after a depression for three or four years,
great activity in ship-building began and that it continued
during the following three years. In those three years the
total tonnage turned out by British yards somewhat exceeded
3,750,000 tons, being at the rate of over 1,250,000 tons per
annum. Last year the total tonnage built was 915,000, of
which merchant vessels measured 872,000 tons, and there
were sold to foreigners 158,000 tons, so that the total addition
to the British register was 714,000 tons. It is estimated that
the waste from wrecks, etc., was 350,000 tons, so that the net
addition to our mercantile marine in the past year was 364,000 tons. Tfte falling off iu building was due to the great
activity of the previous three years. Ships had become so
numerous that they were quite iu excess of the demands of
trade: consequently freights fell until they became in many
cases altogether unremunerative, and very large numbers of
vessels were laid up altogether. It is to be recollected, how
ever, that new building does not altogether depend upon the
demand for shipping, but rather upon the demand for vessels
of new types. The great companies continue adding to their
navies, not because those navies are inadequate but because
they are anxious to have the very latest improvements. Many
of the vessels built, therefore, have displaced ships which
were comparatively new and good, and these latter have been
sold at extraordinarily low prices often to Germans and Scan
dinavians. There is a complaint just now that the competi
tion of the foreign buyers is making itself sorely felt in the
British trade, firstly because these second-hand ships have
been bought at so low a price that almost any return gives a
profit, and secondly because foreign laws and foreign cus
toms allow of the ships being worked by much smaller crews,
at much lower wages, and on a much lower scale of living.
Agriculturally the year 1893 has been one of the worst three
of the present century, being generally classed by farmers
with 1879 and 1816. The first two months of the year were
exceedingly cold, and the frost interrupted outdoor work.
With March a drought set in which lasted well into July. In
the latter part of the year there have been high gales and
much rain. In tbe south and centre of England, owing to the
long drought, the hay crop almost entirely failed, and the
cereal and grain crops were exceedingly bad. The North of
England suffered less and Scotland and Ireland did fairly
well. Unfortunately, while the crops, taking England
altogether, were exceedingly deficient, prices have been ab
normally low. According- to the London G azette the average
price in the principal markets of England and Wales for home
grown wheat during the whole year was only 26s, 6d. per
quarter, being a decline of 3s. lOd. per quarter compared with
the year before. W e have to go back indeed to the middle of
the last century to find so low a price. It was lower even
than in 18S9, which had hitherto been the lowest year of the
present century. Unfortunately the difficulty of finding food
for cattle forced the poorer farmers to sell for any price they
could get. There has iu consequence been a reduction in the
number of live stock of all kinds in the country, and prices
owingto the large offers have been very unremunerative ; with
the exception of milk, indeed almost all .agricultural produce
has been exceptionally cheap.. Even cheese, which was in
fairly good demand in the beginning of the year, has fallen,
ruinously since then. During the year rehts, which had been”
THE CHRONICLE
J a st ja b t 27, 1894,J
falling for fifteen or sixteen years, were reduced still fur
ther, and the number of farms which were unletand for which
tenants could not be found largely increased. It is said that
in many parts of England landlords would be glad to accept
tenants at the present time at a merely nominal rent provided
they would undertake to keep the lands in cultivation. Large
numbers of estates were offered for sale, but the purchases
were fewer than in any previous year, at all events the pur
chases at open auction, and the prices fetched were extremely
low. On the other hand there has been a good demand all
through the year for freehold grouud rents, and in the near
neighborhood of large towns there has been a fairly good de
mand for small freehold properties.
Financially the year was overclouded by the banking panic
in Australia, the renewed depreciation in silver and the cur
rency troubles in the United States. At the end of January
the Federal Bank c f Australia closed its doors. Little im
portance was attached to the circumstance at the time, as it
was thought to be an isolated disaster. But the crisis grew
rapidly in intensity. During the previous ten years the vari
ous Australian colonial governments had borrowed about 100
millions sterling in this market, and the Australian banks had
borrowed immense sums likewise, as well a* financial institu
tions of all kinds. In fact the loans made by the Australian
banks in the colonies rose from about 60 millions sterling in
1880 to about 140 millions sterling at the end o f 1892, a rise in
the twelve years of about 140 per cent. In those same twelve
years the exports of the colonies increased only about 40 per
cent. Duricg the distrust in London that followed the Baring
collapse, it was found impossible for the governments and
financial institutions to borrow as they bad been in the habit
of doing, and with loss of credit in London the break-down of
the system became inevitable. At the beginning of April the
Commercial Bank of Australia suspended, with deposit lia
bilities of about 12 millions sterling. In the following three
or four weeks twelve other banks failed, making from
the middle of January to the l “ th May no fewer than
fourteen bank failures. The total paid-up capital of
the fourteen banks exceeded 9 millions sterling, and the
unpaid capital exceeded ll? i millions sterling, so that the
capital, paid and unpaid, was not much under 21 millions
sterling. The deposits were a little under 88Fj millions
sterling, and adding the notes in circulation and the accept
ances the total liabilities were over 60 millions sterling. Yet
the failures bad very much less effect in this country than
could have been expected. For two or three weeks indeed
they went on without in the least influencing the money mar
ket, The Commercial Bank suspension occurred on the 4th
'Of April, and it was not tilt the first week in May that the
Bank of England rate of discount wa- raised from 8*<£ per
cent to 8 per cent. In the following two weeks it was ad
vanced to 4 per cent. The joint-stock banks also strengthened
their reserves, calling in money ruthlessly both from the bill
market and from the Stock Exchange. So sudden and serious
were the call* upon the latter indeed that several failures oc
curred and many more were apprehended. But outside of
the Stock Exchange there was hardly any disturbance. This
was due mainly of court* to the fact that the failed Aus
tralian banks bad hardly any acceptances in circulation and
that the accommodation they gave to merchants was quite
trifling, while it need not be added that in London ever since
the Baring collapse risky engagements o f every kind had been
restricted as far as possible. The Bank o f England r ite was
kept at 4 per cent only three weeks and was then rapidly re
duced once more to 2’-j per cent. Since May two important
mortgage companies have suspended, with paid-up capitals of
about a million and a-haif sterling and uncalled capital of
nearly 7 millions sterling. The liabilities o f tin* two amount
to about 8‘4 mitillam sterling.
eiy bad iluy <gily recovemd mimpelmime when the 1ndian
£k
(tOf em
sit einltd the miniin agai m% the fre e ' coinage of
par* III 1h■?. >i* :1692, the Score’imy mi 8 tat** appointed
amaH o i s m Iim presided overr by it 1# Lcitd Cffiancellor (Lord
mmse&iill# t# In lit# into tlie 1tlzi&nciial cooditiion of the India
C m mil. mm4 Co mivk e bim as to th«u inhit m easurea to take.
The
BCDiii*x IclOk a good
o:
ideoe# and sat for a
i®#
■il Sfc will bo feoolieoiei 1 that the Brussels
CmJenmej
tip wtth<>ut &omic
m a»y derm&tt*
i t i» »
h differedicq of
milXil
1 that tlmm %
vm
opirmm, ti% t!
imroittoc,t tool ill) 51M f k reported in
d Indian Qmm
Mkmm n • low !m
tm it A m ic■edf to
a
deal
183
close the mints. The announcement that the mints were
closed was made on June 26, and there was a panic fall in
silver. On the 19th of June, just before anything was known
as to tlie vote in the committee, the price of silver in London
was 38;%d, per ounce. Immediately on the closing of the
mints the price fell to 30d., a fall of SJyd. per ounce, or about
22}< per cent. Very quickly, however, there was a recovery
to about 35d. per ounce. Then the price gradually began to
dwindle again, and for a considerable time now it has oscil•ated about 32d. The fall in silver naturally had a very seri
ous influence upon the trade and finances of the silver-using
countries. Mexico has struggled gallantly to keep faith with
her creditors, and is being assisted by the Berlin capitalists.
But her trade has suffered very severely. In China and
Japan, too, there has been great perturbation and heavy
losses. The Eastern banks doing exchange business between
London and the East have likewise suffered. One of them
closed its doors early in the year; another has been recon
structed; but two or three of the banks have actually risen
in credit, owing to the admirable manner in which they have
been managed. In India itself the closing of the mints has
greatly checked exports, while it has stimulated imports in
an extraordinary degree, and most remarkable of all the
imports of silver into India since the closing of the mints
have been up to the level o f former years. The India Coun
cil, which has to pay in London within the financial year
ending with March next about 18?4 millions sterling, has
been able to sell only a small part of its bills or telegraphic
transfers since the mints were closed. During the nine
months to the end of December its total sales realized leas
than 6L mi.fions sterling. It has already borrowed 4:l,t mil
lions sterling in Ixmdon to meet its engagements, and it has
just obtained power from Parliament to borrow 10 millions
sterling more. The difficulties of the Indian Government
have undoubtedly been greatly increased by the policy pur
sued.
Shortly after the closing o f the Indian mints the currency
troubles in the United States became more and more serious
and there was a heavy fall in all American securities. Trade
in this country has suffered very much from the crisis in the
United States. Practically during the last five months of the
year British exports to the United States have fallen to not
much more than half what they were the year before. There
has also been a great unwillingness on the part of investors
to buy American railroad securities; but very little other
trouble has been caused. American bills circulating in Lon
don were very large in the early summer. They were de
creased, however, an the summer advanced, and the large
shipments of gold from New York to Europe enabled great
numbers o f them to be paid off even before they matured.
When, therefore, the Clearing-House certificates were issued
and the distrust in the United States became greatest, there
was an unusually small circulation o f American bills in Lon
don, Luckily, too, the acceptors of those bills were all housea
of the highest standing, bouses which bad either not shared
in the discredit of 1860 or which iiad actually risen in publics
estimation because of the trial they had passed through at that
time. Every bill, therefore, was promptly met as it matured,
and no difficulties of any kind were experienced here because
of the currency troubles in the United States. On the con
trary, when the difficulties in the United States appeared to
lie growing most serious, great capitalists came forward very
freely to buy upon the Stock Exchange. They were assisted
largely by Continental capitalists ; but the lead was taken, of
course, by British capitalists, and the fear which for a little
while was entertained that a panic might occur upon the
Stock Exchange in consequence of the continuous fall, was at
once dispelled. Furthermore, railway companies ami other
great institutions were able to borrow during the distrust in
Ne w York between 8 and 9 millions sterling in Europe, and
m to import large amounts o f gold into New York and thereby
to help in restoring confidence. The apprehensions on the
Stock Exchange, and the contraction of trade due to the cur
rency troubles in the United States, we re aggravated by the
great coal strike in the Midlands already referred to, in which
at one time about 809,000 men took part. The strike began
at the cad of July and lasted sixteen weeks till well into
November, It was only the intervention of the Government
that brought about a settlement. Lord Rosebery, the Secre: tary of State for Foreign Affaire, presided over a meeting o f
representatives of both sides, and the strike was ended on the
164
THE CHRONICLE.
[V ol . LVIII.
Reserve of
Notes
and Coin.
|Public.
Bullion in
both De
partments.
condition that no reduction of wages was to take place before There was little change until June, when the price was 33% d.
the 1st of February, when a Conciliation Board is to meet and per ounce. Between the 23th of June and the 3)th there was
settle the rate for the immediate future. The strike disorgan a fall to 30d. per ounce. Ia September the price recovered to
ized every industry in the country, threw large numbers of neatly 3od., from which point it gradually declined to about
people, outside of the coal trade, out of employment, and in 81J^d. per ounce at the end of the year.
In the table below will be found a valuable comparison of
flicted great losses upon the railways, the result being a
the highest, lowest and average price of silver for each of the
further depreciation in all the stock markets.
In spite of all the unfavorable influences acting upon every twelve months of 1891, 1892 and 1893 :
department of business in the country, the money market has
PRICE Oil- SILVER FOR THREE YEARS.
been singularly little disturbed. There has been no important
1892.
1891.
1893.
failure; there have even been very few alarmist rumors—
—very few rumors pointing to the difficulties o f any house of Sil v e r .
Aver.
LOW.
High.
High. Low. Aver. High.
Low. Aver.
high standing. For several months indeed rumors of the
d.
d.
d.
d.
d.
d.
d.
cl.
d.
kind have completely ceased. In the money market one of
J a n ___
3S*>10 38% 386l6 43% 41% 42iS|t 48% 46% 4715la
the features of the year has been the gradual revival of con F e b ......... 38% 3 3% 3«% 4 1 1°16 41*8 41 he 46% 44% 458,0
4551g 4 4 ^ 441516
40%
March . . . 38% 37916 38%
41% 39
tinence. It is felt that the long liquidation that has been A
40*6 39% 391 h f 45
43% 44**
p r il___ 386,0 37% 38
37% 391,0 40% 39U,0 401,8 45% 44% 44*a
going on ever since the Baring collapse is now practically at M a y .......
44% 45
41% 40*10 40% e 46
J u n e . . . . . 38% 30
37%
an end. The trust crisis, it is true, is not yet ov e r; but J u l y ....... 34% 32*fl 33% 40% 391,0 39%
46% 45% 46
Aug ....... 34% 32>J16 3315U 391,6 37% 38&is 46*6 451,0 451,0
though the trusts are numerous and the capital they have in Sept
386.0 38*6 383,0 4o»,0 443i 45
. . . . . 34 ^ 33% 34%
441,0
vested is of large amount, it is not now thought at all prob Oct _____ 31% 31% 33% 39% 38% 3815,0 45
39*4 38% 3815,0 44*10 i3% 4311,0
Nov . . . . . . 32%
32%
able that serious consequences will come out of the crisis. D e o ......... 32» jb 31*a
44% 43% 43%
3 7 15;, <38%
31% 32
Many of the trusts will have to amalgamate or to reconstruct,
35%
Y e a r ....... 38% 30
43% 37% 39is16 48% 43% 45ii0
and some w ill probably be wound up. But the sufferings will
fall only upon the shareholders. There are no deposits, and
The situation of the Bank of France, as to its stock of gold
it is believed that the acceptances are quite trifling in amount. and silver, according to the last returns of each month of 1891,
There are guarantees, it is true, and possibly tho,e guarantees 1892 and 1893, was as follows, stated in pounds sterling :
may not be kept—will not, it is likely, in some cases, and the
GOLD AND SILVER IN B A N K O F F R A N C E , — [ 0 0 , 0 0 0 3 o m i t t e d . ]
failure to keep the guarantees may inflict losses upon others
than the sharehold. re. But for all that no serious conse . 1893. G old S ilv Tr T o ' 1893. G old. S ilv’rj T otal 1891. G old. S ilvT T o ta l
quences are now apprehended.
£
£
£
£
£
£
£
£
£
Gradually, th e n , confiience is reviving. Yet there have Jan. 26 61,6 50,0 111.6 Jan. 28 54,2 50,1 104,3 Jan. 29 45,3 49,7 95,0
Feb 23 66,5 50.8 117,3 Feb. 25 55,3 50,5 [105,8 Feb, 26 48,6 49,7 98,3
.been no fewer than thirteen changes in the Bank of Eagland Mar. 30 06.4 51,0 '17,4 Mar. Si 56,3 51,0 10-,S M ar. 26 43,7. 49,8 98,5
57,9 51,1 109,0 April 30 49,5 50,0 99,5
rate of discount durii g the year, rnduly due of course to the A p ril 27 67,6 51,1 118,1 April
crisis in Australia and the troubles in the United States. At M ay 25 68,6 51,2 110,8 May 27 62,0 51,6 113,6 M ay 28 51,5 50,7 102,2
J u n e 29 68,7 51,2 110.9 June 30 63,5 51,8 115,3 June 25 53,1 51,1 104,2
-the beginning of the year the rate was 3 per cent. It was put J u ly 27 68,8 51,1 119.9 July 23 65,1 51,7 116,8 Ju ly 30 54,7 50,8 105,3
down to 2}a Ptr cent towards the end'of January; in May was A u g. 31 67,8 51,0 118 8 Aug. 25 66,9 51,9 118,8 A ug. 27 54,6 50,7 105,3
28 67,4 50,8 118 6 Sept. 29 67,2 51,6 118,8 Sept. 24 53,5 50,3 103,8
advanced first to 3, then to 3)4 and then to 4 per cent. In Sept.
O ct. 26 63.1 50,6 118,5 Oet, 27 87.0 51,2 118,2 O ct. 29 52,5 50,0 102,5
■Jute it was reduced to 3 per cent by three successive steps in N o v . 30 68,2 50,8 119.0 Nov. 24 67,3 51,1 113,5 N ov. 36 53,3 50,2 103,5
is many weeks; then in August was advanced first to 4 per D e c. 28 68.4 50.5 118.9 Dec. 20 <K8 50.8 119 1 Dec. 31 53.5 50.2 103.7
ci nt and then to 5 per cent. In October it was put
The appended table, made up from the official statements
down to 3 percent. The lowest rate, it will be seen, of the Bank of Eagland, shows the position o f the Bank as
was 2% per cent, very early in the year, and the highest regards bullion, reserve, etc., on each Thursday of the year :
“> p»r cent.
The year closed, as 1892 had done, with
BANK OF ENGLAND IN 1893.—[00,000s Omitted.]
tbe Bank rate at 3 per cent. The average Bank rate of
6 -§"®4
Secu rities .
D eposits .
the whole year was £3 Is. per cent, against £2 10s,
e8
I d
pi r cent in 1892. The coin and bullion held by the Bank of
+3
«
u
512
i
<0
1893.
f f
A
England have been well above the average most part of the
!
O
1
£
M
year. The lowest amount was'a little under 23J^ millions
£
£
stei ling in the middle of May. A fortnight later it had been
£
£
£
£
£
Pr.ct. P r.ct.
34,0
4 .. 25,9 24,1
15,1
14,9
8,2
30,2
3
1%
Increased to over 29M millions sterling, which was the highest Jan.
32,0
4,8
14,1
15,6
« 1 1 .. 25,6 24,7
25,3
1®16
25,4
25,4
32,1
13,4
«
18..
5,1
16,4
25,6
o f ihe year. The reserve ranged between 13]q' millions ster
1%8
5,4
12,1
“ 25.. 24,9 25,8
17,4
31,2
25,3
2 ^ 1%
ling in the middle of May and 18^4 millions sterling in the Feb. X.. 25,4 26,0
11,2
30,1
17,1
4,9
24,9
1%
25,0 26,5
29,1
11,2
“
8
..
6.6
24,7
17,9
1%3
middle of September. Very few loans and companies have
“ 1 5 .. 24,8 26.8
6,8
1 <,2
18,5
29,0
24,4
1%
“ 2 2 .. 24,5 27,2
8,3
11,2
28,9
25,0
19,2
2
be- n brought out during the year. India and the Australian
8,7
Mar. 1 .. 24,9 27,0
2-!,3
11,2
18,6
25,6
H ie
e< lories were the chief borrowers. A considerable number of
27,3
9,1
ll,2
“
8 .. 24,6 27,0
1*,9
24,6
9,5
“ 1 5 .. 24,5 27,2
27,7
10,9
25,6
19,1
1%
the English municipalities also borrowed, and, as already
“ 2 2 .. 24,4 27,1
10,9
11 2
27,3
26,3
19,1
said, there were private borrowings on American account to
10,4
28,9
U ,2
“ 2 9 - 25,6 26,2
29,5
17,1
H ie
5 .. 25,7 25,5
7.1
29,5
11,2
16,2
27,0
1%
the extent of 8 or 0 millions sterling. But the public loans Apr.
“ 1 2 .. 25,5 25,6
5,9
29,2
11,2
16,6
25,2
1%
11,2
“ 1 9 .. 25,4 25,7
f.8
28,6
24,3
16.8
1%
were exceedingly small and practically were raised only by
5,2
11,2
. « 2 6 .. 25,6 25,3
25,5
16,2
29,8
2%
the English municipalities, the Australian colonies and India. May 3 .. 26,2 24,7
5,2
11,2
3>,9
15,0
27,7
2%
3
<* 1 0 - 26,3 24,0
5,9
29.7
1,2
14,1
28,2
3% 3%
Exceedingly few companies were offered, for subscription,
“ 17.. 26,6 23,5
11,2
6,8
29,9
30,1
13,3
4
4*3
7,C
« 2 4 .. 26,7 24,1
29,2
11,2
4%
and <ven of those few only a small proportion were suc
29,1
13,8
7,2
26,9
26,1
3
,3
11,2
“
31-.
28,5
2%
15,6
cessful.
30,1
11,2
June 7 .. 26,5 27,5
7,1
2 o',4
17,4
3
i%
26,2
29,4
7,4
«
14..
31,7
11,2
26,2
19,6
2%
i%
The movements of both gold and silver during the year
7,3
32,2
11,2
“ 21.* 26,1 29,6
26,3
19,9
were on an extraordinary scale. There was an extraordinary
7,4
“ 2 3 .. 26,6 30,1
32,2
11,2
26,2
40,0
m is
5,9
36.9
27,5 29,7
13,2
2.4,0
18,7
demand for gold during the first four m||iths of the year for Ju“ly 1 52 .... 26,9
5,5
29,6
34,4
13,7
25,2
19,1
5,0
35,0
« 19.. 26,7 29,5
13,7
1^,3
25,1
the (Continent all arrivals having been taken and a consider
i%
4,7
34,9
25;0
“ 2 6 .. 26,3 29,6
13,5
19,2
l%
able amount also withdrawn from the B ink of England. Ang, 2 .. 27,2 27,5
4,2
32,1
13,1
24,5
16,8
3
213,0
25,2
30,1
3,7
“
9 .. 27,1
13,1
14,6
24,3
4
4
During May, June and July the Continental demand ceased
3,8
“ 16.. 26,6 25,3
30,5
13,1
24,3
15,1
3%
4,4
« 2 3 .. 26,3 24,8
and nearly 8 millions sterling were imported from abroad, of
28,8
12,4
15.0
24,0
5
4%
29,0
4,1
12,1
“ 3 0 .. 26,4 26J>
23,1
16,1
3U ia
which 4 millions sterling consisted of United States gold. Of Sept.
28,7
3,3
26,3
10,0
6.. 26,2
24,0
16,6
3
3,3
‘ | 13.. 25,7 28,9
29,9
9,9
21,3
17,6
2%
4
this, however, about 3 millions sterling were sent to Australia
2 0 .. 25,5
29,8
27,4
3,8
9,6
24,4
18,3
3 ^ 2%
in. consequence of the banking panic. Ia August the foreign
4,3
29,1
9,5
“ 2 7 .. 25,9 27,6
24,2
1%
18,1
6,5
29,9
4 .. 26,6 26,8
12,9
24,7
16,7
3
i 5ie
purchases re-commmced. Nearly 5 millions sterling were Oet.
32,3
3,6
12,9
“ 11.. 28,4 26,4
24,4
I n ,5
i%
32,1
12,7
“ 1 3 .. 26,3 26,6
'4,3
25,0
16,6
withdrawn from the Bank for the United States and about 4
H ie
4,5
31,5
12,3
** 2 5 ,. 2H,0 26,6
24,7
17,0
27l0
millions sterling in sovereigns were sent to the re3t of the Nov. 1-. 26,3 26.0
4,3
31,4
12, L 25,4
16,1
2%
4,0 ,30,7
“
8 .. 26,0 25,6
11,7
2-,8
16,1
2%
world, Tl»e silver demand has also been very large in spite
29,4
“ 1 5 .. 25,7 25,5
4,0
11,3
23,8
16,3
2%
o f the closing of tin Indian mints at the end of June and the
28.8
" 2 2 .. 25,2- 25<9
4,0
9,9
23,7
17,1
2%
4,2
29,1
25,5 26,0
“ 29
258
24,5
17,0
9,7
repeal of the Sherman Act. The demand for India, China Deo.
28,0
25,7
6 .. 25,3
3,8
23,6
9,3
16,8
2%
28,4
“ 1 3 .. 25,1 25,9
3,9
9,1
23,9
17,2
2*3
and Japan has been on a quite unexpectedly large scale. The
4,3
27,7
“ SO - 25,3 25,0
8,9
24,9
2%
16,1
price at the beginning of the year was 38 S-lOd. per ounce, 8 “ 2 7 .. 25,5 24,5
8,9
4.5
29,3
27,3
15,5
.... 2%
THE CHRONICLE.
J a n t a b y 2-7, 18S4.]
BASK o r ENGLAND KATE OF INTEREST.
Rate N um ber. per at days.
',eeat.
Year.
1885.
1 to Jan,
Jan.
J a n . 29 to Mar.
Mar. 10 to May
May 7 to May
May- I t to Mar
May 28 to Not .
Not. 12 to Dee.
Bee. 17 to Dee.
20.
19
7.
U.
28la .
17.
31.
Year's average----1885.
1 to Jan. 81
2 1 to Feti. 17
17 to May 6
6 Ui Jane 10
10 to Aug. 26
26 to Oct. 2 1 .
*21 to Dee. 16.
16 to Dec. 31.
Ja n .
Jan.
Feb.
May
June
tu g
O et
Dee.
Year's average—
1887.
1 to Feb. 3
3 to Mar. 10
10 to Mar. 24
24 t o Apt. 14.
14 to Apt. 28
28 to Aug. 4.
4 t o Sept. 1
1 to Deo. 31.
Jan.
Feb,
Mar.
Mar.
Apt.
Apt.
Aug.
8ept-
Year-* av e ra g e ....
1885.
Jan. 1 to Jan. 12.
Jan. 12 to Jan. 19
Jan. 19 to Feb. 16.
Feb. 16 to Mar. 15
Alar. 15 to May 10
May l o to June 7.
Juno 7 to AUg. 9,
Aur. 9 to Sept. 13.
S e p t 1 3 t o O ct.
Oct.
4.
4 to Deo. 31.
'Year* averag e...
1809.
Jan.
Jau,
J»n.
1 to Jaa. 10
to to Jan. 24.
J alt.
Apr.
ASS.
Aug,
Sept.
Deo.
21 to Jan, at.
31
IS
8
29
2«
30
to Apt.
to Aug.
to AO g,
to Sep,
to Dee.
to D «e.
IS
8.
29
So.
30.
31.
29 days
49 days
49 days
7 days
3
2 >4 11 days
a ; - flays
35 days
3
14 days
4
5
4
3h
EXPORTS
1890.
Jan. 1 to Feb. 20.
Fob. 20 to Mar. 6.
Mar. 6 to Mar, 13.
Mar. 13 to Apr. 10.
Apr. 10 to Apr. 17.
Apr. 17 to June 26.
June 26 to July 31.
July 31 to Aug. 21.
6
5
4*2
4
3b!
3
1
50 days
14 days
7 days
24 days
7 days
70 days
35 days
21 days
35 days
43 days
i *27 days
28 days
5
--------------A u g , 21 t o S e p t. 2 5 .
4
2-92 365 days Sept. 25 to Nov. 7. 6
Nov. 7 to Deo 4.
21 days Dec. 4 to Dee. 31. o
4
3
27 days
78 days
Tear's average___ 4-52 365 days
2
35 days
3
1891.
2M 77 days
7 days
3h SBdays Jan. 1 to Jan. 8. 5
56 days Jan. 8 to Jan. 22 . 4
4
14 days
‘ days
’
' i. 22 to Jon. 29 3H>
15
Jan
5
7 days
----- —
Jan. 29 to Apr. 16 3
77 days
3 0 5 365 days IApr. 16 to May 7. 3^2 21 days
May 7 to May 14 4
7 days
34 days May 14 to Juno 4. 5
21 davs
36 days Jane 4 to June 18. 4
14 days
14 days June 18 to Jnly 2. 3
14 days
21 days J u ly 2 to Sept. 24. 2>f
S t days
14 days Sept. 2 1 to Oct. 23 3
3 “>days
98 days Oet. 29 to Deo. 10 4
42 davs
28 day* D ec. 10 to Deo. 31. 3Hj 22 days
121 days
-----—
Year’s average--------- 3*32,365 days
3-34 303 day*
1892.
12 «lay» Jan. 1 to Jan. 21. 3% 21 days
7 days Jan. 2 t t o A p r . 7. 3
77 days
21 days
28 day* Apr. 7 to A pr. 28.
28 day* Apr. 28 to Oct. 20. 2
175 days
56 day» Oct. 20 to Dec. 31. 3
72 days
28 dav*
63 (lay*
Year's average
2*52 366 day*
33 day*
I 21 day*
1893
5
t 88 day* Jan. 1 to Jan. 26. 3
?•*. da vs
— ;-------------Jan. 26 to May
4
28) 98 nays
3-30 306 day* May t to May 11. 3
7 day*
May 11 to May IS 3H
7 day*
9 day* May 18 to June s 4
2t day*
I t day* June s t o l e n - 15. 3
7 days
7 day* June 13 lo Aug. 3 2*»
40 day*
77 day*'; Aug. 3 to Aim . 10 3
7 days
112 4ayniL4.Bg. l o w Aug. 24. 4
14 day*
21 day* Aug. 24 to Sept. »4. 5
21 days
20 day#;:8<*pt. 14 to S*xj>t. 21. 4
7 day*
96 day* -Sept. 2 1 to Oct. 5
14 day*
2 day* Oet. 5 to B e J. 31 I "
87 day*
Year's average___( 3-5# 365 day*
.....1SS2.....................
1891......................
J 8 9 0 .....................
1 8 * 9 .......___ ....
18S8.....................
18*7......................
1-A>i......................
I * -'-............- ........
...............
1833......................
1882,......... .
1 * * 1 ......................
1880................ .
J.879..........
1878 ...............
1 8 7 7 ,...............
1*76......................
1875......................
1*74......................
1873............. .
Too*.
839,869
787.OS3
840,055
1,145,268
1,190.371
1,038,319
1,158,174
1,041,257
90)1,931
1,20:1,576
1,564,0*8
1,758,072
1,480.196
J,632,343
1,223.136
921,016
§81,112
ui 0.005
947,827
776,110
1,142,005
Tim*.
558^26
468,003
702,247
1,035,431
1.0*V,*92
1,020,002
1.011.779
739,651
714,276
728,340
971,105
630,949
820,671
693.066
463378
411,3*1
497,021
414,5.58
545,9*1
7*2,665
785.014
Ton*.
1^59,048
1JMM.223
1,897,844
1,920,731
1.905,919
1.010.242
1,973.075
1,805,299
1.456.473
1,407,4 m
l,50*.tpi,'.
1,633,331
1,517,453
1.466,055
1,196.170
am j m
965,285
063.498
021,741
1.030,734
Total exports...............
I mports .
Total m erchandise.........
277,431,841
291,610,166
309,031,743
405,067,690
423,892,178
435,691,279
Excess o f Imp. over exp.
127,635,849
132,252,012
126,659,536
C o n d it io n o f N a t i o n a l B a n k s in B o s t o n , C h i c a g o , P h i l a
P it t s b u r g , C i n c i n n a t i , M i l w a u k e e , M i n n e a p o l i s ,
S t . P a u l , L o u i s v i l l e a n d A l b a n y .— Mr. J. H. Eckels, Comp
troller of the Currency, has furnished us abstracts of the con
dition of the national banks in the above-named cities at the
close of business on Tuesday, December 19. F r o m them and
from previous reports we have prepared the following, which
covers the results for Dec. 19 and Oct. 3, 1893, and for purposes
of comparison the figures for last year (Dec. 9) are given :
1893.
j
1892.
Dec. 10,
B OSTON .
Somber........................................................
189.0.
S3
Remurces—
Oct. 3.
Dec.. 9,
*
1893.
S5
55
Loans and discounts, Including OveMrafts,$147,740,481 $136,798,615 $150,644,052
S&eWltS, t!W*a*is, &c . . . , . , . . . . . . . — . . . . . . . . . . . .
17,374,057
l'\SS7,H8
13,281, 195
£ $ £ !
Due from reserve agents— ...... .... . . . . . . .
*28,27*4773
Banktnu house. fnralLure and fixtures.....
Other real estate and mortgages owned,...
Gold eufcn and certificates, .
Silver coin and certificates........................
Legal tender notes and certs, of deposit...
Bills of other banka ...... ......... .
2.734,120
Due from banks and bankers ............
370,740
9,210.635
p a
0.33i,5ifi
1,050,1*01
0,703,681
802,407
Exchange.# fo r Clearfnu H o u s e .
Prem ium s on V. 8. b o n d s ..
Other resource#...*
1,117,780
2,754,000
368,012
l
«
11.072,805
20,530,331
10.088,796
2,739,433
210.232
8.763,049
6.407.750
01L>27
12,285,227
001,463
1,018,199
834,783
9,688,835
632.472
810,535
T o t a l. . . ........................................... ...,.....| 2 l2 ,1 0 4 ,3 7 2 $221,232,855 $231,983,573
iAatdlitif* -
Capital m ock paid i n ........ ....................
$5^,450,000
smrp* k ttiidlr. profit* less exp#, and ta x e s . 19,882,006
Circulation
a,02L006
O iW *;ai!* unM tS. ....... .................. .
..
67.951
Individual d tp o M U - ........................
106.634.015
Other d e p o s it# ........ ...........................................
2M.M6I
D u a to b a n k * and ban ker#.,. . ............ . . . . . . 50,170.400
Other llabhltle* . . . ..........
8S0.383
TOUI
$53,350,000
19.580,7;«3
»,480,76$
523,804
00,246,302
270,186
41.083.002
0,712,170
$53,100,000
l9,H 2s,H 9
6,170,700
42,279
108.654,730
228,SOS
45,429,018
30,424
............... . .......................................... . 1212,164;i72 $221.23^855 $ H I 3 S 6 7 S
D«V, 19.
Of t. ,%
185*3.
1893.
S i 821
21
......................
C H IC A G O *
Nateowr..
iUmurcm—
Loan* and dUcounta, inciadlEUf overdrafts. $79/29.070 $73,510,242 $07,950,714
--------- -------------
7,494,108
Owe from bah k# and banker#....... .. ..... . 17,880.027
Bankisi# house, fwattawi and fixture#....,*
807*400
Other real estate and mortgage# owned...
701,513
Gold coin and certificate#...... ............ .
19.7a*.98»
Sliver coir, and certificate# ....... .
5,410.8*7
Lesrai tender
and mrt'mim of deposit 1J»,005,604
Bill# of other h an k#........ ....................
1,920.470
4,587,931
Kachan**# for 1‘ieartn* H ouse.................
Prentlom**M United abate# bond#...,......
32,989
Other n a o v e w ............. .......................
302,049
7,208,42*
16, 83.704
877,850
60S962
I0.UGl.250
0.770,873
$92
3,114.040
5,896,996
33,280
332,14*
8,311,5o7
19,206,492
869,764
456,037
20,1-1,4 5S
2.012,110
ilia
100,164
2s 1.308
T otal ................ ...................... ........................$156,563,040 $140,705,589 $165,4SO,070
IMkUUim-
TotoL
Tom .
2,937,743
2,?30,2 ?0
3,240,146
4,001,430
4.186,182
33)06,363
4,143,028
3,389.197
3.130,682
3,496,991
4.013,308
4.333.632
3,820,318
3,702,903
2,883.481
2.290.960
2.34)1,370
2,231,470
3,437,306
2,1-7,522
2,957.813
RXVORTS o r TKXTILB UBIH' A
!
X
247,235,150
61,796,593
d e l p h ia ,
The quantities and values of textile exports from Great
Britain for Uie last three years are given in the following table:
Yf.kU’n ExroRT''*.
1891.
A
227,077,053
64,563,113
EXPORTS o r 1*0* ASB * T « 1 , m i * QMAT BK1TAI*.
Other
Deaetiptlon#,
1892.
&
213,496,246
58,935,595
The exports of iron and »to*t from Great Britain have b een
as below each year since 1872:
Halts.
IM P O R T S ,
E xp or ts .
Home products — .........
Re-sbipment o f Imports..
Year’* avera**___ 13*0*4385 rtav*
Pur Iron.
AND
1893.
Rate I Number
per o l days.
cent.;
Year.
165
1801.
QCASTtHgt,
-Cdtfdti yara.............. .itm. 1 2-00,601,?500245,258,700
233,221,400
Piece Khedda. - . . . v4*. < 4,853J19| ,31X 1 4,973,’. 05.S00 4,912.475,700
20,420,000
25,082,400
33,17* ,500
Flee©
. . . . . .ydsp,f
264.0^0,400
266,247,100
283,618,000
■Idjaen y a r k . . „ „ J lm.•
15,160,000
1^,250,500!
M .859,900
Piece jgoddd- «»*,.yda.;
159,457,7 W
171,302,500
159,414,700
W oolen y a r n ,.« „ , * . , .
5 0 ,110,7 OO
4 l,§2i»,200
41.43 *,800
tima m . . . . . . yd,#.1
4 0 ,6 17,200-51,1 §0,4001
5 5 ,3 14,200
Wof-fted
. . . . . . ytU,
130,178,200
112.590,200
141. 30,500
TAt.vm.
£
£
£
'Cotton j f i r a , . , , , .......
f0O5O.dS4
11,177,348
0,693,351
Piece j$cn9*ji. ...............
4 h,7u5^43
02,431,977
47 .,204 *240i
•iltile y a m ..... ....
341,086
SMB, 4271
2S5.S§2
Piece $ 00*1.........
2,452,342'
2X0 2.401
2,534,606
lAtmn yarn .. _____ . . . .
89 ,026
1*005,1551
800,142
Piece iffioda_______.....:
3,007 4MW’
3,88 2, e 50
3,708,969
Wftdleti jrkra..........
4,533,414}
3,910,051
4,059,778
WndJeti fiiivrlee . . . . . .**.
5,217
6.041,808
5.711.384
Worsted fabric#. . . . . . . . . .
8,711,411
§,.140^25|
B.882,u75
The complete trade figures of exports and Imports to and
*7*01 Great Britain for three years are as follows ;
C tpltai arock paid In....... ..................................... $20,900,000 $20,909,000
darp.lE and i t . pro#*a. I«*» exp. Jc t a x e s .... H,8a8.323
13,895,915
Circulation o u m a a d liu r ........ .............
825,890
856,010
m.n4m*t* unpaid .................. .....................
S3,*6o
Individual d e p o « iU ................. ........................... 68,43*, U 3
Other deposit*...............
238,887
D ae to bank# and baek er*.............................. 61,748,673
.................... ............... .................. .
m ,m
07,681.245
250.289
43,051,801
........
$22,900,000
32,177
75,329,920
271,467
62,210,421
T o t a l ........... „ ....................... . . . . . ...........» I W ,5 6 3 ,0 * 6 $140,705,539 $165,489,070
jD*c . 19,
Oct. 3,
Dec, 9,
1W .
1893.
1892.
41
41
41
P H IL A D E L P H IA .
M em ber............................. ................ ............. . . .
$-8,571,995
12.8 .*2,573
13.374,198
7,4 0»',304
4,001,807
403,080
10,014.816
4,001,540
0,671.838
207.384
7,876,0 50
0*6,i *I
1.448,422
Loan# and dlacotm u , including o ve rd ra ft#
Stock#,hand#,
............................— . . . .
D on fro m reserve u renta.. . . . . . . . . ___ . . . . .
Du# from bank* and haakera..................
Bamktmr bouse, f u m it u r c # « d fix tu r e s ,. . .
Other real e state and m ortgage* o w n e d ..
Gold -earnand canine**e#...................
stiv e r w in an d c e r tifia r t « » . . . . . . . . . . . . . . . . .
Leiral tender note* and certlfi. o f d eposit..
Bill# o f o th e r ban k#.-------------------. . . . . . . . . . .
Kxchamre# fo r C'leartn«-H oaae................... .
is........
O ther re sou rce#........................................
.
$157,401/48 $159,38-1,918 $161,833,025
T o t a l... a. . . ....... .
Itebmu*—
Capital vtoek paid i n ...
#arp. A untilr. profits l<m «?X'p. k, tax® #...»
Cirefilattou ou t# ta n d lh # ..................... .
D?vld«n*l# u n p aid ....... .
...................
Individual d cp m lt# ..............................
$22,765,000
10*909 802
6,11*4,135
64,44*
, 80,094.524
O ther d e p o s it# ,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Du# to bank* and ban ker#.......................
O ther s u m n tie * .................................. ...............,
T o ta l..
P IT T S B U B G .
N u m b e r ..
I&Mmrcf*—
$90,718,006 $100,488,820
12.921.067
0.516,359
10,258,894 10,276,191
6.974.711
9,004,178
3,946,475
3,585,419
337,362
337,004
8,«5S.ft60
9,063,154
2,*73,854
3,114,901
6,472,830
6.3*8,162
219.310
222.763
15.331.* 12
8,985,165
716,256
ilO .llS
1,505.2*8
1,308,53*.
iyo,oc»
21,056.143
075,000
$22,703,000
17,161,559
6,011,390
8 ,.«
101,115
22,H ,058
6,235,000
8,704,480
I?
174,003
21,250,17$
3UO.U0O
. $157/01,048 1159,381,0 IJ3 $16L833,02&
Oct, 3,
Dec. 9,
VfC. 10,
1893.
1892,
1M,
29
20
29
bonm and ditcotth ti, In eln d'z o v e r d r a ft s .. $35,383,724 $35,800,479 $40,883,19®
4,007,722
4,® 18.682
4,874,428
Stock#, houda, Ate.,........................... .
.
S.O6O.5J0
8,151,428
2.4744fH
1,548.706
M G7.M0
Due trofttbanka and bankers..........................
1.0■•".'! J
2,030,730
2,881.520
2,956, t«)3
Banking houae, fu rn itu re and fixtu re#.......
907,557
Ugm.OOU
910,070
O ther real estate an d m oriipiges o w n e d ...
3,038,493
3,2 !,106
3,070.293
0-old c o in and certificates.......... .........
845.-03
064,047
93*3,547
2,840,583
1,993.200
1,909.704
.Legal te n d e r note# and e e r t ir s o f d ep osit..
282,470
283.70?
249.210
Bills o f o th e r ban k#___. . . . . . . . . . . . . . . . . . . . . .
1,040,022
1,400.838
2,380.844
tAclm ngm for Clearing H o u s e ... . . ___ _. . .
257.1 "4
202,548
160.4*5
348,375
892,007
390.577
O ther reaemreea.......................... ............ ...........
T otal
....... ................................................... $57,182,407
LiabiHtifJhCapital # to «k p a id in. ....................................... $11,700.000
Burp, and undtv. profits less exp. k t a x e s ..
0.707.7 1 i
O ffcniation ontatnadintc.....................................
2,808,918
D ividends u n p a id ............ ...................................
8 i.257
Individual d e p o s its ...............
28,415,773
O ther deposit#..........................
346,8;#
Da® to ban us and b a n k e r s .......... ............
4,048.080
Osh nr 1labilities
................................... .
212,82 4
T o t a l , , . . , . . , . . . , , , ........... ....................... . $57,103,407
ffi7,957,110
$61,100,817
$11,640,000
8,500,030
2,80?,- 8?
70,018
29,049.574
334,857
4.130.4*7
1 225.97#
$10,900,000
8,053,628
1,647,560
71.969
83.676,223
260,527
6,635.210
56,500
$57,957,Ua $ 0 l,m 0 1 7
THE CHRONICLE.
1 5H
Dec. 19.
1893.
13
C I N C I N N A T I .!
Resources—
L oans and discounts, including o v e rd ra fts. $22,518,092
8,523,187
4,567.032
3,089,098
377.897
52,923
1,222.222
452.805
3,185.207
L egal ten der notes and certs, o f d e p o s it....
304.814
868.306
E xch an ges fo r t te a r in g -H o u s e .. . . . — . . . .
507,553
844,810
O ther r e s o u r c e s .,......... .........
D u e from reserve a g e n ts . . . . . — . . . . . . . . .
D ue fro m bank >*and bankers . . . . . . . . . . . . . . .
Banking house, furniture and fix t u r e s ..,..
O th er real estate and m ortgages o w n e d ...
G old coin and certificates. .. . . . . . . . . . . . . .
Oct. 3,
1893.
13
Dec. 9,
1892.
13
$22,085,400 $29,478,859
0.780,670
7,987,167
3,625,296
2,291.688
3,610,551
2,200,486
416.458
878.051
30,067
53,4 18
1,44 0,294
1,006,540
504.141
573,807
2,682.488
3,033, MSS
391.023
412,571
265,146
256,120
445,382
502,738
242,83*
311.641
$41,700,216
$49,099,604
$9,100,000
3,670.519
8,724,400
7.554
18,851,860
795,193
8,676,404
588,000
$0,100,000
8,874,060
3,654.910
9,364
16,889,947
794,280
0,743,136
042,620
$9,100,000
3,705,485
2,366,510
4.289
22,317,288
717.076
11,159,660
209.300
. $15,419,996
$41,706,210
$49,699,504
, $45,419,900
.
Spry. a n a unctiv. profits, less exp. and taxesi
.
C irculation oa ts lan din g.................. .
,
D ividen ds un p aid...................................
.
In dividu al deposits...............................
O ther d e p o s its .................................. .
D ae to hanks and bankers............—
O ther lia b ilities— .......... .................
Oct, 3,
Dec. 9,
1898.
5
1892.
5
$8,015,612
L oa n s and discounts, ln ciu d ’g ov e rd ra fts.
1,217.763
Stocks, bonds, & c.............................................. .
2,804,259
D u e from reserve a g e n t s ..............................
1,025,337
D u e from banks and bankers ..................... .
158,263
Banking house, fu rniture and fix tu r e s .... .
19.433
O ther real estate and m ortgages o w n e d ...
1,920,650
G old coin and certificates.......... ................... .
192,778
Sliver coin and certificates..........................
883,240
L egal ten d er notes and ce r t'fs o f deposit..
61.434
Bills o f oth er ban ks........ ............................ .
305,260
Exch anges fo r Clearing-H ouse....................
.
42,297
Prem ium s o n U. S. b on d s ......................
40,782
Other resources— ................................ .
$0,805,859
1,101,265
1,620,322
464,176
122,029
19,4*3
1,424,678
165,180
786.571
56,908
272,911
42,302
35,649
$7,281,193
1,591,928
2,172,035
571,317
90,043
T otal ............................. ................... .......... . $16,187,108
$12,978,003
$13,799,187
*2,350,000
642,000
403,250
10,331.269
337,523
2,123,060
$2,300,000
598,670
405,000
7,592,228
314,140
1,077,965
60,000
$1,050,000
837,728
S14.900
7.962,781
300,970
2,499,970
232.82S
T o ta l.............................................. .............. . . $16,187,108
$12,978,003
$13,799,187
Dec. 19,
1893.
5
M IL W A U K E E .
N u m ber.................... ................. .
Resources—
Liabilities—
.
Capital stock paid in ..........— .. — .
Burp. & undiv. profits less exp. and taxes. .
C irculation ou tstanding...................... .
Individual deposits..................................... . . .
O ther deposits........................... ........................
D u e to banks and bankers............................. .
O ther lia b ilitie s .................................................
Dec. 19,
1893.
7
M IN N E A P O L IS .
Number................................ ................. .
Resources—
1892.
7
|1?,760,800
$17,433,240
$20,059,889
$5,450,000
1,495,583
311,798
380
7,212,342
49.926
2,168,323
1,072,448
$5,450,000
1,405,514
314,497
608
7,403,824
49,352
1,633,042
1,176,409
$5,450,000
1,477,607
288,727
505
8,999,857
39,677
2.801,903
1,001,113
$17,760,800
$17,433,246
$20,059,389
Oct. 3,
1893.
Dec. 9.
$9,647,745
1,137,753
1,049,895
330,357
399,319
44,456
1,927,136
249,654
211,836
62,841
242,817
6,000
112,765
$15,400,365
1,260,170
1,246,551
862,007
842.091
249,317
1,872,277
185,097
358,429
73,237
397,463
51,730
105,145
$18,546,815
$15,412,374
$22,916,479
$3,800,000
2,268,727
266,820
2.740
8,964.797
483,433
2,730.292
50,000
$2,800,000
2,100,929
223,780
11.072
7,167,693
443,289
2,284,590
381,021
$4,800,000
2,685,649
209,220
1,840
10,589,995
467,851
4,140,9- 4
5,UOO
$18,546,815
$15,412,374
$22,910,479
T o t a l . . . . . . . . .................................... .
Liabilities—
T o ta l.................................................. ............
Dec. 19,
1893.
ST. P A U L .!
N u m b e r ..................................... ........................
5
Resources—
Loans and discounts, in clu d 'g o ve rd ra fts. $11,071,533
Stocks, bonds, &c....................................... .
1,407,390
D ue from reserve agents............................
1,580,994
D u e fro m banks and b a n k e r s ....................
329,633
B anking house, fu rn itu re and fix tu r e s .. . .
759,319
O ther real estate and m ortgages o w n e d ..
148,137
G old coin and certificates.....................
2,530,095
Silver coin and ce r tific a te s ........................
171.474
L egal ten der n otes and c e r t'fs o f d e p o sit.
145,815
Bills o f oth er banks..............................
69,071
E xch anges fo r C learing-H ouse...................
224,692
P rem ium s o n U. S. bon d s............................
6,000
O ther resou rces................
102,062
Capita) stock paid in ........................... *.........
Burp, and und iv. proflts.lesa e x p . & taxes.
Circulation o u t s t a n d in g ...................... . . . .
D ividends unpaid.......................................... .
In dividu al deposits..............— .....................
O ther deposits ...............................................
D ue to bunks and ban kers........................... .
O ther liab ilities...................... ................ .
T o t a l...................................................
Dec. 9,
$14,362,340
830,805
1,030,852
1,064.101
203,640
130,052
769,285
123,207
782,517
106,142
644,713
42,375
55,360
Capital stock paid in .........................................
Burp, and undiv. profits,less exp. and taxes.
Circulation ou tstanding...................... — . . . .
D ividends unpaid..................
Individual deposits............................................
O ther deposits...................................................
D u e bo banks and bankers.................................
O ther liab ilities.............................................. .
T ota l— ................... ..........................
1893.
7
1.042,180
58,789
598.478
46,409
250.249
59,242
30.064
$12,320,548
1,000,483
806,270
640,452
388,240
372,350
897.000
78,528
435.000
99,229
467,509
26,125
41,500
Loans and discounts, including overdrafts, -$11,933.862
1,145,817
Stocks, bonds, &c................................. .
988,866
D u e from reserve a g e n t s ................. ..........
875,420
D u e from banks and bankers........ .............. .
188,240
B anking house, fu rniture and fix tu re s ... . .
424,720
O ther real estate and m ortgages o w n e d ....
881,400
G old coin and certifica tes...........
70,437
Silver coin and certifica tes................. .
072,800
L egal tender notes and certifl’ s o f deposit.
100,917
B ills o f oth er ban ks............... .............. ......... .
405,503
E xch an ges fo r C learin g-H ou se... — ...........
26,125
Prem ium s on U. S. b on d s ............... ...........
40,687
O ther resou rces.......................... .
lAabilities—
Oct. 3,
L O U IS V IL L E .
N um ber....... ......... . ...................................
Resources—
L oa n s and discounts, including o v e rd ra fts.
Stocks, bonds, &e., . ........ ................... .
D u e from reserve agents........
. ........
D ue f rom banks and bankers........ .................
B a n k ’s house, fu rniture and fixtu res....... .
O ther real estate and m ortgages...............
G old coin and certificates................ .
Silver coin and certificates
.......... ..............
Legal tender notes and c e r t’fs o f dep osit...
Bills o f oth er ban ks...................................
Exch anges for ( 'louring H o u s e .....................
P rem ium s on U. S. bon d s— . — ......... .
O ther resou rces,.. — .
..................................
Dec. 19,
1893.
10
Oct. 3,
1893.
10
1892.
5
Dec. 9,
1892.
10
18,685,629
1,453,798
920,712
628,686
270.800
105,831
397,340
55.273
693,702
53,894
43,144
107,208
47,427
$8,826,905
1,706.710
559,110
489,187
270,278
111,095
T o ta l................. .................................
$13,362,044
Liabilities—
Capita! stock paid in .......................................... $4,401*500
Burp. & undiv. profits, less exp. & t a x e s ...
1,229,489
Circulation ou tstan din g............
494,950
D ividends unpaid. . . . . . . -------0,780
1ndividnal d ep osits............... ................. .........
3,016,819
O ther deposits ..............................
499,946
D u e t o banks and b a n k e r s ....................... .
2,417.814
O ther lia b ilit ie s .............. ................
6 c0 ,li0
$13,723,972
$17,761,416
$4,401,5r 0
494.950
8,907
4,580,958
805,744
1.874,606
336,243
$4,901,500
1,308,487
449,940
9,901
5,499.t 10
330.000
4.785.601
416,368
$13,723,972
$17,'701,410
T o t a l . .. .. . —
............................. .
$13,302,914
$12,829,537
999,527
1,041,452
1,129,948
324,405
121,713
507,952
309.500
100,134
68,811
585,897
917.689
05,215
54,983
97,930
43.818
102.500
133.978
44,334
€3.800
1,211,084
f'voL. L v in .
Dec. 19,
ALBANY.
Oct. 3,
Dec. 9.
N u m b e r ....... ....... ..............................................
1893.
6
Loans & discounts, in clu d in g o v e r d r a fts..
Stocks, bonds, A c ............... ..............................
Due from reserve a g e n ts .. — ....................
Due from banks and ban kers.,. — .. . . . .
Banking house, fu rn itu re and fix tu re s....
O ther real estate and m ortgages o w n e d ..
G old eoin and ce rtifica te s.............................
Silver coin and ce rtifica te s................. .........
Legal te n d e r n otes and c e r tif’ s o f deposit.
Bills o f oth er ban ks........................................
Exch anges f o r C learin g-H ou se....... ...........
Prem ium s on U nited States b o n d s.............
O ther r e s o u r c e s.........................................
$7,2X7,222
1,322,136
1,987,170
1,349,915
295,000
22,166
676.073
50,932
495.944
68,047
117,818
36,500
49,477
$7,743,900
1,303,666
2,038,830
935,371
295,000
, -121.166
646,797
68,440
404,111
64,577
130.791
36,500
58,946
$8,615,995
767,085
1,310,414
1,637,233
195,000
1,400
803,480
82,031
302,735
81,620
94,393
22.500
68.501
T o ta l................................................. .........: $13,688,730
$13,748,161
$14,082,937
$1,550,000
1,546.895
536,210
4,583
5,531,439
50.000
4,469,603
$1,550,000
1,515,779
515,620
13,809
6,497,430
50,000
3,355,523
250,000
$1,550,000
1,527,118
270,000
4,950
5,970.907
40.000
4,719,902
$13,688,730
$13,748,101
$14,032,937
Resources—
Liabilities-—
Capital sto ck paid in ........................................
Surp. & u n d iv. profits, less exp. & t a x e s ..
Circulation o u ts ta n d in g ...........................
D ividends u n p aid .............................................
Individual d e p o sits............................. . . ........
O ther deposits..... ................................. ...........
D ue to ban ks and b a n k e rs............................
O ther lia b ilit ie s .............................................
1893.
0
1892.
6
S t o c k E x c h a n g e C l e a r i n g - H o u s e T r a n s a c t i o n s . — The
subjoined statement includes the transactions o f the Stock
Exchange Clearing-House from Jan. 15 down to and includ
ing Friday, Jan. 26: also the aggregates for June to December,
inclusive, in 1893 and 1892.
sto ck : e x c h a n g e c l e a r in g h o u s e t r a n s a c t io n s .
-Shares, both sides.—- /------- Balances, one side.-------. Sheets
Cleared. Total Value. Shares. Value Shares. Oash. Clear'd •
$
Month—
Jo. le, 1892.
ju ly , 1S92.
_Aug., 1892.
. ..
S e p t, 1892.
Oct., 1892.
N ov., 1892.
Dec., 1892.
7 m o s ....
June, 1893.
July, 1893.
A ug., 1893.
Sept., 1893.
Oct., 1893.
N ov., 1893.
Dec., 1893.
7 m os. .
16.684,000
9,807,300
13,998,480
18,857.800
20.726.300
16,519.200
25,221,100
121,814,180
17,190,700
19,685,700
17,569,400
16,020.300
19,004,700
19.894,100
18,739,900
128,704,800
1,041,048,200
699,313.200
977,583.000
1,268,000.000
1,358.733.000
1.113,800,000
1,758,000,000
8,216,477,400
1,016,900,000
1,100.000.000
961,300,000
936.400.000
1,172,400,000
1,332.839,400
1.034,100,000
7,353.939,400
r—Shares, both sides.—.
Cleared. Total Value.
Jan.
“
“
“
“
1 5 ..
1 6 ..
1 7 ..
1 8 ..
1 9 ..
716,700 42.900.000
72.9,300 42.100.000
553,900 32.600.000
539,800 31.800.000
690,000 43.200.000
1.598,750
1.120.100
1,657,400
2.055.800
2.325.800
1.831.500
2.687.300
13,270,650
1.682.000
1.790.300
1,470,200
1.380.000
1.783.500
1.648.100
1.551.000
11,311,700
94,566,700 1,433,971
74,186,100
974.7U0
107,386,900 1.301.600
128,063.500 1,697,506
148,622,000 1,761.400
128,975,000 1,41 >,800
192,500,000 2,317,400
874,900,200 10,904,377
90,200,000 1,789,800
88,100,000 2,752,500
73,900,000 2,329,200
72,100,000 1.988.600
96,500,000 2,043,000
99,558,000 2.246,100
74.609,000 2,03L,600
594,958,00015,181,400
5,885
5,886
0,183'
6,252
6,802
5,796
6.603 42,467
6,395
6,015*
6,882
5,956
6,681
0,304
6,201
44,438
*■------ - Balances, one side.------- - Sheets
Shares. Value Shares. Cash. Clear'd,
$
$
55,200 3.000,000 73,400
305
52,500 2,700,000 125.800
304
46,400 2,500,000 51,900
298
41,200 2,100,000 47,300
295
52,200 3,000,000 84,200
3C7
Tot. wk,. 3,229,700 192,600,000
WRlastyr7,431,900 518,100,000
Jan. 2 2 .. 1,067,200 70,700,000
“ 2 3 .. 816,600 57.500.000
...................
“ 2 4 .. 870,900 58.300.000
“ 2 5 .. 630,000 42.500.000
“ 2 6 .. 633,100 40.900.000
247,500 13,300,000 382,600
780,800 52,100,000 965,300
69,700 3,800,000 118,000
61,400 3,500,000 89.300
64,300 3,700,000 78,700
45,900 2,800,000 48,900
39,400 2,200,000 47,400
Tot. wR. .4,017,800 269,900,000
WRlastyr7,941,400 603,800,000
280,700 16,000,000 382,300 1,546
874,300 63,000,000 853,400 1,673
1,509
1,660
335
314
303
294
300
The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee Sc St. Paul c o m
mon, Chicago Sc Northwestern, common, Chicago Rock Island
& Pacific, Delaware Lackawanna Sc Western, Distilling Sc
Cattle Feeding, General Electric, Lake Shore Sc Michigan
Southern, Louisville Sc Nashville, Manhattan, Missouri
Pacific, New York Central, New York Sc New England, New
York Lake Erie & Western, Northern Pacific preferred,
National Lead common, PhiladelDhia Sc Reading, Union Pa
cific and Western Union.
p l o u e t a g x j =© 0 m m c r c h t l E n g l i s h H e m s
IFrom our own correspondent.]
L o n d o n , Saturday, January 13, 1894.
A t the beginning of the week the Imperial Bank of Ger
many lowered its rate of discount from 5 per cent to 4 per
cent, and the next day the Bank of the Netherlands put down
its rate from 3% per cent to 8 per cent. There was some ex
pectation, therefore, that the Bank of England would reduce
its rate, but the directors have decided not to do so. The
governments of both Austria and Hungary have resolved to
continue without delay the preparations for resuming specie
payments. To do this they will have to issue fresh bonds, and
it is thought probable that one result will be a withdrawal of
gold from London and New York, and consequently that the
money markets may be disturbed. The demand for gold for
the Continent at the moment is decidedly weaker than it was,
but it has not quite ceased, and at any moment it may begin
again for Austria. Doubtless also the probability o f a large
loan being issued by the United States Government had its
weight with the directors. In the meantime theoutside mar
ket has paid off all the loans obtained from the Bank of Eng
land in December, and the market now is very easy. It is
scarcely possible to get as much as 1 per cent for money for a
day, while for a week the rate is barely l ‘/ ( per cent. The
J an u a r y 5J7, 1894,]
THE CHEONICJLE.
1*57
discount rate, however, is better maintained at about 1Jg per
Messrs. J. S. Morgan & Co. have begun to negotiate with
•cent. Still, the expectation is that money will continue very the Argentine Government for the settlement of the guaran
easy unless large foreign withdrawals of gold begin. It is to tees given to the Argentine railway companies, and it is
be borne in mind, however, that the India Council will have hoped that a satisfactory arrangement will be arrived at.
to borrow ; and further, the collection of the revenue will be There is undoubted improvement economically in Argentina,
and there are hopes that the improvement will contiaue
on a large scale during the next two months.
At a meeting of the Viceroy’s Council in India on Thursday rapidly now. Still, the Government is not strong and is not
Mr. Westland, the N-w Finance Minister, stated that the trusted, and owing to the distrust the premium on gold has
Government is not ye. in a position to make any announce again risen, causing some fall in Argentine securities of all
ment as to its policy respecting silver. It is known that the kinds. Upon the Continent there is a very optimistic feeling in
Indian Government strongly desires to impose a heavy duty Paris, Vienna and Pesth, and in all three cities the leading
upon the metal, but the home government is just as strongly operators are confident that not only will business increase
opposed. Rumor says that the Chancellor of the Exchequer but that prices will rise very much further. Oa the other
is especially decided against the step. Meantime, the Indian hand the proposed taxes in Germany are depressing the Ger
money market is becoming tighter. On Thursday the banks man bourses, and the further fall in Italian rentes has in
of Bengal and Bombay raised their race of discount from 4 flicted heavy losses. Tbe state of Sicily is causing much un«
per cent to 5 per cent. Of course, money has accumulated in easiness. A two months’ moratorium has been proclaimed
very large amounts in the Presidency treasuries. The gen there ; but it is feared that a great deal o f expense will have
era.! estimate is that there are now over 5 crores of rupees to be incurred in restoring order. Nothing has yet been done
above the usual amount held in the treasuries. The exports with regard to the French loan to Spain.
The Manchester Sheffield & Lincolnshire Railway Company
o f rice from Burmah are delayed, but ought to begin soon.
The cotton crop is large. Very soon now the cutting of suffered most severely *f all the railways from the coal strike.
wheat will begin, and in April the export ought to be on a As a result it has not only to pass the dividend on its common
large scale. It is possible, therefore, that money may become stock but it is likewise unable to pay a dividend on seven
dear iu !od ;a and that the Council may be able to sell freely. preference stocks.
The following return shows the position of the Bank o f
As yet, however, there is no demand. On Wednesday the
Council offered as usual 50 lakhs of rup *es in bills and tele England, the Bank rate of discount, the price o f consols, &c,
compared with the last three years:
graphic transfers, but there was not a single application.
Most o f the banks throughout England and Wales have now
1803.
IB M .
ISOS.
1834 n
J m . io .
Jan, I t
n .
J a n . 14.
declared their dividends for the past half year. and. speaking
M
£
£
£
gem-rail v. they are at the same rate as twelve months ago. a r w t e t M u ............ » ............ ........... 25,352,155 t 5 .5 B .5 2 a 85,313,380 34.067,500
4,840,203
4.770.1 IS
..............
............
P
a
b
t
i
o
i
J
e
y
o
d
l
.
.
.
.
5.853,389
3,754,260
One great London bank indeed has declared 12 per cant per
3 0 ,5
n
O th e r d e p o s it * .......... ....................... 81.350,2''.!
SS .M 8
annum against 11 percent at this time last year. There has d o T « r n < s « a ( MMu>rUi*s. . . . . . . . . . i u m , m
H , 055,083
18*501830
0,5*2. 278
been much surprise excited chat the banks have done so well. O t h e r » e « a r it i * * .............................. 2 5 »T lt,9 *3 S»,2S7.M n 28,558,057 20,331.712
13.58 \ t0 7
R e t e r v e ...................... ..........................
13,802.253
16,790,102
But it is to be recollected that the investments o f the banks
2 2 ,7 H ,0 1 3
Q v H m u 4 fc a llla a ............... . . . . . . .
25,018.723
are on a very large scale, and furthermore that the rate on P r o p , h u h t o lt a h U H le p p a r at. 10 7 - lf t
i a i 18
44 5-10
sth
3
8
4
deposit was generally well under the ra.unobtainable to the B a n k r a t * . . . . . . . . . . . . . p e r c e n t .
m ii-1 5
07 15-18
05 U -1 8
O ow p jJ *5 H » e r e * a t . . . . . . . . . . . . . .
97 1-18
market.
C l e . n o * l l o a « o r e t u r n * ................ 1 IT.MS.CKW
m jm jm
100,018,000 183,070 .00 0
The first English railway company to declare a dividend for
Messrs. Pixley At Abril write as follows under date of
the past half-year was the Metropolitan, the oldest o f the
underground London companies. On the ordinary stock the January 11:
O oiil—Moderate dmu»ud< tor (lie Continent, com bined with order*
rate is only 2% per cent against 3! j per cent at this time last for India, have proved s n fB c fe itt t o absorb all arrivals, but at only a
e’
lrht
premium on K ao* bttyfoic prt»«. The Bank o f B orland re eel veil
year. Upoa the land stock the rate is th- stuns as twelve £104,000.
Shipm ent*: Bemtmv. « 10.000. A rrival*: India. £ 3 7 ,0 0 0 :
months ago, 8J4 per cent. The announcement rnade a very S ioth Africa. * lo a ,0 0 0 : New Zeeland, £7 ,000 ; China, £ 9 4 ,0 0 0 ; Chili,
±1,000. Total, £ 240.000.
bad impression, though it was known th U there would be a
Stiver—Fallow hr g last- week’* id -le e - a -ISeh l advance in silver took
reduction in the dividend, and there h u been a fall o f nearly place, chiefly ow ing to !m curative orders for tmmedi.tr,. supply on a
*on , ty market. Maintained lo quotation ar dl-ltd.: some few dealing*
2 in the railway stock. As a matter of course alt the dividends were recorded b oth ov er and under thl* price, Shipment*: Calcutta,
nearly will be disappointing, but that Is m only due to tha a «.'V».*0: Bom bai . £ 0 2 .0 0 0 ; (’Ulna. £ t ill,500, Arrival*: New York.
X 19I.0 0 C ; C ap e, £ 1 ,0 0 0 ; Chill, r 7(5.000. Total. £268,000.
coal strike. Still British railway stocks, speaking generally,
Mexican Dollar*—The** coin have been quite a nom inal m arket,
arc decidedly lower. There are * few except! •«* *tieh a- th- there havtuit been no arrival* o f Iraportanee.
Northeastern, which was not affected by the strike. Scotch
The a notation.s for bullion are reported as follows:
railw iv stocks are in guxl dem in 1, for they no; only were
BltVBH*
m*i*s>*
not affected by the strike, but also Scotland emaped the
L&m&m §&m4*trt. Jmn, It. Jm . i, | fm-u-bm SOmd'tnt Janr. 11. Jin, 4.
effects of the tong drought.
t, <t
$. <L
ft
d.
Business on the Stock Exchange i* otterly stagnant and a B*r *oM.
77 9H ?7 m l Bear stintr,
3IH
SIM
n
jo
B
at
n
to
bat
eoalitavery doipandeti. feeling prevails. In the American depart
TH tag 5 grs.
doaNocm*, m* 73 1H «
m4
$m
ment prices are -somewhat bitter than last week, but there ia V, 8, goM min . *.©*» 75 m\ ™ m l Gailto ailyer...— os. 3<-«
34
no increase of bnaineM, and there ia very little inclination on Umtwm mM mi&,m 46 «H_ -<l 4I*| Mot lean dollats .o«. SB*
Sljf
the part of the public to invest or speculate. Tne opposition
to the reconstruction of the Erie tin tread O >np*ny is dying
The following shows the imports of cereal produce into the
oat and already M- .rrs. .1. 3. Morgan A Co, have rectived ao United Kingdom during the first nineteen weeks of the season
many assents that it seems safe to predict the scheme will bo compared with previous seasons:
carried through without difficulty, Oa Thors lay a meeting
rat-O K T*.
of the bondholders of the Atchison & Top ska Company was
199.7.01.
199 S iD .
1991-92.
1490-91.
*5.497,633 31,510,404 23.818.623
held and a committee was elected to look after their interests- traporteafwheat.owt.J.'i.Y'0.170
Eianey.............................13,325.825 8.081,803
10.711,733 10,573,8*1
Th- committee consists iminly of members o f the Stock Ex O a t * ,.......................... 5 .3 14.092 5,755,714 5,994.311 -5,058,806
Pea* ............. ........... 1.077.4 .0
999.7(1<i
1,253.181
737,45-5
change, but L .r i Ireagh, the great Dublin brewer, who is a Bean* ........................... 1,766,716 1.888.733
1.542,421
1,157,094
very large bolder, is represented. His representative is the Indian corn .............. 10.080,037 11,634,357 7.048.380 10.072,310
F lou r............................ 7,449,883 8 340,330
6,480.353
5,433,497
only member of the committee that can be said to spsak for
Supplies available for consumption (exclusive o f Blocks on
the general public, that i», the public apart from the financial September 1):
bouses and the Stock Exchange, Th» decrease in the treas
1893-94.
1892-93.
1891-92.
1890-91.
ury reserve is attracting a good deal of uneasy attention here, W h e a t..............e w t .2 3 ,3 90,176 25,197,033 31.510.801 23,818,023
Import* o f flo o r ........ 7.410, *03 8.149,336
6,481.358
5,433,497
and strong hopes are entertained that Congress will not delay Ukfe* ofjjom o-g row n . 9,242.323 9.338.641 12,540,316 15,242,993
in authorizing the Secretary of the Treasury to borrow at a
T o t a l....................40,032,983 43,724,643 50,611,978 44,495,113
low rate. As already said, British railway stocks are de
Aver, price wheatweek.saB. 41,
25*. 10ft.
36«. 2d.
32a. 84.
pressed. but the selllag is mrioly speculative, Investors are Avera«e price, s e a s o n ..28*. 104. 27*. 94.
30*. 4 I d.
32*. 2 8 .
not parting with thrir prop-rty, an l there will probably be
The following show* the quantities of wheat, flour a d
mu early recovery. The trust crisis is not yet at an end and maize afloat to tbe United Kingdom:
o f course it keeps alive a certain amount of apprehension.
18»3
l«S>2
Th in w eek.
t a i l w eek.
2.182 500
2,175,0 >"
3'.o n e
2,578.000
But th-- best informed are convinced that no serious conse W h ea t................qrx. 2,S
470.000
3B 5,-'»h
315,000
270,000
Flour, equal to qrs.
2 7 1 .0 0 0
4 2 0 ,0 .'0 .
12.000
351.0)0
quence* will follow from i>,
M a il* .................qr*
THE CHRONICLE.
188
[VOL. L V II I,
—One of the interesting events of the year among shippers
and importers is the publication of the Atlantic Mutual In
surance Comoany’s annual statement. This company is not
only the chief underwriter on marine risks, hut also a finan
cial institution of large importance. The declaration each
Fri.
TferJ. Thure
Tues.
Sat,
Mon.
London,
Januaiy of the dividend of 40 per cent to the assured, out of
the net earned premiums of the preceding year has come to
30%
31
30%
30%
30%
8U te r, par o * — .............« 31
98*
S
1
P
!>Ht5|f
be looked upon by merchants as one of their most certain
Ooasi««>,new,2% perota 981&J p 9 8 ) 6 ,f 98U>if 981%.
98%
9816,.
9
8
‘
6,r
9
3
1
6
,,
do tor accoriat.......
assets. The Atlantic scrip issued for these dividends is also
Fr'ol, rentes (in Pariaifr. 9 8 0 9 % 9 7 8 7 % 9 7 -6 5 9 7 -7 7 % 9 7 -1 7 % 9 6 -9 5
one o f the steadiest seeurilies in our market. For 1893 the
U .0 . 4a o f 1907.............
72%
Atlantic shows tolal marine premiums of $4,597,088. losses
72%
72%
72%
Canadian Paoiilo........... 7 -in
60
%
6138
6
1
%
0
1
%
6
0
%
paid |1,892,970, returns of premiums and expenses 8711,138,
60%
Oaie.M il- * 8 t . P a u l...
95
9.5
95
95
94%
lilinoia Central.............. 94*9
total assets December 31 (at, a low valuation) $12,055,058.
130
129%
1
2
9
^
130
12
129
Lake Hhore....................
The usual dividend of 40 per cent is declared, payable in scrip
46%
45 %
45%
45%
45%
14%
L o a is v iU e * N a sh ville.
5 3 1q
62%
52%
53%
52%
on the first of Mav. The well-known and honored names o f
M eiioan Cenira! 4 s ----- 5 3 %
1 03 %
103 %
103%
11)3%
103%
N. Y. Central * Hudson 102 %
John D. Jones. President; W . H. H. Moore, Vice-President;
1558
15
1
5
%
1
5
%
15%
>5%
N, Y. Lake Erie AW est'i
A. A. Raven, 2d Vice-President, and J. It. Chapman, Secre
79%
79%
79Mj
79*8
79
79%
do
2<i eons..........
19%
19%
tary, continue to represent the executive management.
19%
19 3a
19%
N o r fo lk * W estern,pref 1 9 SI
1
6
%
16*3
16 %
16%
16%
Northern Paoitle p re f.. 10 %
—Mes«rs. Winslow, Lanier & Co. announce that they will
51
5 1
51
50%
51
Pennsylvania.................. 5 i
1 0%
purchase the guaranteed or unguaranteed Grand Rapids &
10%
10%
l d J4
10%
P h ilad elp h ia* Readlne 10 I j
2
%
2
0
2
0
%
2
0
20
%
19%
Union Paoiilo.................
Indiana Railroad Co.’s 7 per cent land grant, bonds.
14%
14%
14%
11%
14%
I lls
Wabash p ref.................
—Messrs. Winslow, Lanier & Co. will pay dividends on a
number of securities, a list of which will bo found in another
e fo m ra e rc ta l a n d iia isc e llim e c m s
column.
G n :litb
F i n a n c i a l M a r k e t s —P e r C a b l e .
The daily elosia? quotations for securities &c , at London
are reported by cable a3 follows for the week ending Jan. 23:
I m p o s t s a n d E x p o r t s f o r t h e W e e k .— The following are
the imports at New York for the week ending for dry goods
Jan. 18 and for the week ending for general merchandise Jan.
19; also totals since the beginning of the first week in Januaiy.
F O R E IG N IM P O R T S A T N E W
1894.
1893.
1892.
1891.
For Week.
YORK.
$1,765,332
5,653,379
Dry G o o d s .....
Gen i m ePdise.
$2,c 27,938
7,160,924
$3,007,8*7
7,445,411
$4,091,787
7,875,085
T ota l.........
Siltce Jan. 1.
Dry G oods.......
Gen’l mer’dise.
$10,088,862
$10,453,331
$11,966,872
$7,418,741
$10,098 719
21,9 4,997
$9,162,475
22,191,973
$ie,512,947
27,051,5)1
$5,802,810
19,105,666
T otal 3weefcs_.
*32.613.106
$31,357,448
$37,564,528
$24,903,416
The imports of dry goods for one week later will be found
in our rep >rt of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of Nesv York to foreign ports for the
week ending Jaou iry 23 and from January 1 to date:
E X P O R T S FR O JI N E W Y O R K F O R T H E W E E K .
1892.
1891.
1894,
F or the w eeh..
.Prev. reported.
$6,043,744
13,457,123
$8,432,540
20,115,663
$6,2"9,932
13,955,441
$9,079 096
15,147,657
Total 3 w eeks..
$19,500,867
$28,578,203
$20,103,373
$23,226,713
The following table shows the exports and imports of specie
at the port of New York for the week ending Jan. 20 and since
January 1, 1894, and for the corresponding periods in 1893
and 1892:
Gotd.
Exports.
Week.
YORK.
Imports.
SinceJan. 1.
Week.
$500
Great Britain............
Since Jan. 1.
$195
West Indies...............
$713,500
906,146
$4*760
1.417
South Am erica..........
All other countries..
7,650
32,650
“ 9,39*1
100
43.774
5,781
Total 1891..........
Total 1893..........
Total 1892..........
*721,150
4,436,4 00
37.060
$939,296
6,499,895
90 346
$15,668
5,538
119J93
$) 5^,819
36.8 0
372.112
Exports.
Silver.
S reat Britain............
Week.
$816,500
W est Indies...............
SinceJan. 1.
$2,379,496
143,000
16,800
South A m e rica .........
A ll other countries..
12,506
5,400
12,506
Total 1894..........
Total 1893..........
Total 1892..........
$829,006
270,230
616,905
$2,557,202
1,690,734
1,458,600
Bid. Ask.!
Atlantic Ave., Brooklyn..
Gen. M. 5-, 1909...A&O
Bieek. St. & Ful. F .- S k,
1st m »rt., 7s, 1900-J a-J
B’ way & 7tli Ave.—stock.
1st raort., os, 1904 .J&D
2d m ort, 5s, 1 9 .4 ..J&J
B’ way 1st, 5s, guar J924
2d 5-s mt as ivm 0.1905
Brooklyn CLy— N ew -tk.
B’k yn Cros&t’n 5s. 1908
Rrk C. & N. 5-, 1938 J&J
Brooklyn T ra ction .........
Central Cro^st'-wn—Stk..
l t 6 s , 1922.M&N
Con. i ’ k. N.& E.Riv.—Stk
Consol. 7s, 19.02— J&D
Christ’ p’r & 1Otli St.-Stk.
ibtinort., 3 8 9 8 ...-A&O
92,950
16,119
: 00
1O'?
1^5
104
10?
03
87
3R3
; 05
10233
135
115
144
110
127
105
Bid. Ask.
120
300
95
......
100
.......
40
130
..
200
104
19L
104
134
118
...
190
170
•2P0
125
97
236
L05
298
50
112
57
......
¥ 64
106
140
120
102
200
175
111
GAS COMPANIES
145
181
100
75
184
115
Jersey Ciiy & Ho oken.. 180
10>
Mutual iN. Y ................... 145
loO
Scrip...... - .1..........
People’s (Brooklyn).
80
150
Equitable...... .................
mo
84
Standard p ref.____ .....
Common......... .
...
60
Bid, Ask.-
Metropolitan ( Brooklyn). 138
W illiamsburg................. 135
100
Fulton M unicipal......... . 131
Brooklyn Gas-Light...... n o
Central... ......
h0
_
105
80
..... 32
Anetlon Sales—Among other securities the following, not
regularly dealt In at the Board, were recently sold at
auction,
By Messrs. R, V. Harnett & Co.:
Shares.
20 Im porters’ & Traders’ Nat.
B a n k ................................580
50 National, P art B an k........284
25 Fourtll National B ank
10 =>
1 A m erican Industries C o .. $2
Shares.
2 Cert, o f m em bership in the
N. Y. Meta] E x ............ $2 each
Bonds.
$5,000 Inter-StaieS tea mboa-t
Co. 1st 6s, due August 1,
1895........................ $330 p er bond
By Messrs. Adrian H. Muller & Son :
Shares.
33 Merchants’ Nat. B a n k ...1 3 7 ^
50 Nat. Bank o f Commerce. 17 2^
200 People’s Gas Light Co. of
B rook lyn ....................... 80
Imports.
5 L ong I. Safe Deposit Co. 79H
200 Second Avenue RR. C o .-118%
Week.
48 Dry Dock East B. & Balt.
SinceJan. 1.
RR.Oo
..........
121
10 Lawyers’ Title Ins. Co.,
$ ............ $ ...............
N .Y — ........................... 135M
18 M ercantile Nat. Bank___I3u
300
30 Barms ton Pea Co. (Lim.). 4,0
39 f*
9,725
30 Continental Fire Insur
11,464
580
ance • o ..............2*u to 230U.
72 ,6-9
1 Chemical Nat. B a n k ___ 4080
849
100 Equitable Gas L igh ten .
o f N .Y ........................... 182
$10,605
$85,392
19,405
10 Nat. Park B ank...............262%
33,016
1,333
102,. 05
Of the above imports for the week in 1894 $5,400 were
American gold com. Of the exports during the same tine
$35,250 were American gold coin.
Bid. Ask.
D. E B. & Bat-’y —Stk..
....... | D.1st,
gold, 5s, 1932. J&D
S crip.............................
30
Eighth Avenue—Stock__
Serin, 6s, *9 L4 ---------42d & Gr St F er.-S tk.
__ 42d St.& Mhu.& st.N. At .
........
ist mort. 6s, 1910..M&2d mort im omo 6s.J&J
184 H. W. St. & P, Per —Stk.
1st m ort, 7s, 1894. .J&J
Long Island Traction----'04
Metropolitan fraction ..
15
...
Ninth Avenue.........
i20
Second Avenue—S tock...
) it mort., 5s, i 909.M&N
150
til. ’Jr .\venue—St ck __
135 Tliim Avenue...... ............
1st mort., 5h, 1937 J&J
....
Twenty-Third St,—S ock.
N. Y. and Brooklyn Gas Securities—Brokers’ Quotaiions.
GAS COMPANIES.
1893.
E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W
City Railroad Securities—Brokers’ Quotations.
|
Shares.
19 Nat. B utchers’ & D rovers’
Bank........ . ................... 167
Bunds.
$10,000 M organ’ s La & Tex.
RR. 1st 78. tiD.8. A&O ...1 2 5 3s
$1,400 Drv D o ck East B. &
B ait. HR 5 p. o. cert, o f in
debtedness, 1914 (ex-Feb.
in te r e s t)....... . .... ............ 9 5 ii
$ 0,000 Lehigh & Hud. River
RR. 1st 5 s. J 911 J& J....... 95
$ 0 000 Chic P e >ria & St. L.
Rv. Co consol. 5s, 1941.
J& D ........................................
9%
$4.oo0 vhie. St. Paul & K. C.
R R .lst.5 s. 19 6. Stamped. 25a£
$5,< 00 W airen RR . Co. 2d 7s,
1900. A&O.
...................1 1 8%
$3,000 Coe ir D ’alene Ry. &
Nciv, Co. 6 s, 1938. A & O .,.. 6 9
Banking and IfinanciaX.
—The statement of the United States branch of the Liver
S a m u e l D . D a v i s & G o .,
pool & L< ndon & Globe Insurance Company for the year end
BANK25K8 AND DEALERS IN INVESTMENT SECURITIES.
ing Dec. 31 shows a surplus of $3,026,024, which is practically
the same surplus- that was reported last year. In view of the
NO. 4 4 W A L L S T ., NSSW STOK.HL,
deprrssion in biisinpis an d ibe severe losses caused by lire dur
Sa m u e l d . D a v is ,
chas. b . Van N ostrank,
ing the past year this showing is considered very satisfactory,
Member N. Y . StnnlrKxolianeft.
l'he investments of the company include bonds and mortgage
loans m this City,$3,039,871; Government 4 per cent bonds,
TH E M E R C A N T IL E N A T IO N A L
$1,779,750; State and city bonds, $265,550, and cash on hand
$831,139.
OF TH E CITY OF NEW YOK.lt.
f
No. 191 B roadw ay.
—The coupons o f the Tennessee Coal, Iron & Railroad Com
$ 1 ,0 0 0 .0 0 0 ! S u r p lu s F o n d , - $ 1 ,0 0 0 ,0 0 ® pany due February 1, 1884, on the bonds of the DeBardel-ben C a p ita l.
Coal & Iron Co. will be (aid at the Hanover National Bank WILLIAM P. ST. JOHN, President. I FREDERICK B. 8CHBNCK, Casaitl,
JAMES.V. LOTT. Assistant, Cashier.
and the South Pittsburg coupons will be paid at the Fourth
national Bank,
ACCOUN TS S O L IC IT E D .
THE
J a n u a r y 27, 1894.)
CHRONICLE.
169
Posted rates of le a d in g bankers are as follows :
3 £ lx e
1 > a n k e r s '
< §a
2
£ tie .
January 26.
D I V I D E S # * .
Per
C ent
Xante o f Company.
R a ilr o a d * .
Gin. (laEi-.t D&yton.eom. lu n ar)
B iia k d .
Oerruan A m erican........................
H u4 » od B l e w ...........- ..................
T r u s t C o t n r a « I (* « .
Fanners’ Loan & Truet iq u ar.i..
Atn. Soda Fountain. coiu.U jnan
do
no
i n pf.(t|uar.i
do
do
2d
B lackw ell’* Durham T o b a cco ...
Fidelity A Caaualtr « o .
New E ne.Telep. & M e. quar.)
N. Y. A N. J. TV *p. tQ'iar.i . . . .
do
do
(lo extra........ . .
Pennsylvania Coal tqt.ar.t..........
do
do e t t r a ..........
Pa IIto an’ a Palace Car ■ o. tquar.)
When
Payable
lit
Feb.
3 s*
3
Feb,
Fob.
Feb.
ShYl*
H
rJan.
3
8
Jao.
Books Closed.
(D ays inclusive.)
Fraiiklort or Bremen(reionmarksjb’nkers
2
1 ****•
1 Jaa. 23 to Feb. 1
lV F e b . 2 to Feb. 15
1 to Feb. 15
to
W A I L NT B E E T , F R I D A Y . J A N U A R Y i l l , 1 8 9 1 - 5 1*. M .
The Money Market and Financial Situation. — Wall
Street is still watching and waiting—waiting for an end of the
tariff debate, waiting for the new bonds, waiting for general
business and railroad earnings to improve.
There is a quiet improvement constantly going on in the way
o f resumption of business by many establishments that have
been closed since last summer. Factories and mills are re
suming boldness in large numbers, and among others the steel
works of the Colorado Fuel & Iron Company at Pueblo, with a
force o f 700 men, and a promise o f employment for i,300 on
March 1. Last week we noticed the re-opening for business
of the old Mitchell Bank in Milwaukee and this week we have
the resumption of the last one of the closed banks in Helena,
Montana, and also the Traders’ Bank in Tacoma with a
capita! of $300,600, after being closed since July 27,
It is quite pertinent in ltd* connection to refer to the great
loss of earnings on the Northern Pacific and other railroad* in
the last half of 1893, which mast hare been caused in part by
the paralyet* of business which came with the closing of the
banks. In Helena, we believe that every bank except one was
closed, and throughout the Far West it will be remembered
how many banks were doted during the crisis.
The Delaware Lackawanna & Western circular report for
1893 came out to d a y . The net earnings for that year on ail
business w ere $8,953,401 against $7,919,063 in 1802, and the net
surplus above fixed charges $2,893,911 against $4,613,457 in
1892; this net profit is 11 4-100 p, c. on the stock of $26,200,000.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from
to i per cent,
the average being 1 per cent. To-day rates cm call were 1 per
cent. Prime commercial paper quoted at 3 to4>,' per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion o f £844,876 and the percentage
of reserve to liabilities was 64*41 against 49*99 last w eek ; the
discount rate remains unchanged at S per cent. The Bank of
France shows an increase of 3,030,000 francs in gold and
a decrease of 25.000 francs in silver.
The New York Ct’ y Clearing House banks in their statement
of January 20 showed an increase in the reserve held of
$13,768,900 and a surplus ovrr the required reserve of 5102,754,450. against 192.583.675 the previous week.
1*94.
June E0.
tHjftrm'sfrm«
Pres. week.
1893.
Jan. 21.
1892.
Jan 23.
*
*
60.422.700
tw .ifif.n o o
447,074.100
8,640,900
47»,M 3,«0<
31.627.700
87,993,900
I4 2.52O..V0
ir .u w o .u t o
%
53,372.700
66,007.900
447,202,600
8,506.700
197.47/,400
ID). 102.400
46.968,600
157.371,000
121,388,100
8 orpin# m e tr ic .. 102.754,450 In . 10,170,77.3'* 22A2P.600
33,002,800
Capital ..........
•orpin*.. . . . ...
.Doans so d tliwfit
C ircu lation .... ,.
Nes deposit*......
B p m ie ... ...-----Legal ten d ers...
B e w n a M it .,...
Legal reserve...
♦
m 4**t.*?oo
12 H W **
w :r ,« ;s o e
\*174%*2 0 Dev, 235,300
M 2 31 6.200 1 *. 14.392,500
Ino 5,320. Its*
H4.7CO.WtM; to-. 8,442,500
2 3 -. 3 M 0 10.13.764.900
1..8 S l . i 0 Ine 3,&98,>25
: Interest Jan.
Periods 2 J.
2 0 ---------- to --------------
24.--------- to .............
15Feb.
15—
Feb.
Demands
85 VS>4 86
4 88
84VA4, S lis
933t<»4 84
19 % ^ 5 1*% 5 17J*®5 167!*
40Ja»40*tg
tet-i iSAYs
95% 995)4
The following were the rates of domestic exchange ou e w
York at the under-mentioned cities to-day: Savannah, having
premium; Charleston, huytci' pir, selling
1 Jan. 25 to Feb. 1 par. selling
1 Jan. 21 to Fob. 2 ia premium; New Orleans, bank, $1'Q0 premium; commer
cial 50c, premium: Chicago. 25c.' per $1,000 premium; St.
1 to
Louis 25e. premium.
Cnited States Bonds.—Quotations are as follows:
to
2 Jan. 23 to Feb.
1 H Fob.
J 1® ! Jan.
2
Sixty Days.
Prime bankers' sterling bills on L ondon.. 4
*
Documentary com m erci.l....... ................... 4
5
Foreign Exchange.—The market has been dull for the most
■part and the offerings of bills very light. The slight harden
ing in ra te for money in London caused a fractional advance
here in demand bills; and this, with the moderate offerings of
commercial exchange, has been the chief feature of the week
To-day actual rates o f exchange were as follows
Bankers’ sixty days sterling, 4
4 85 ; demand, 4 80%
(«|4 87; cables, 4 8704 871*.
2 * ....................
4 s,1 9 0 7 ...........
4s, 19 07..........
3s, enr’ey,’ 95..
Ss, cnr*ey.*96. ... r e f .
89. oarV jV 9 7- ...r e v .
6s, our’cj%’98. ..rev.
6s, o ar’cy,'93 . ,.reg.
Jan.
22.
Jan.
23.
,-M
ob. t* 95 i* 95 * 95
t__ - t t ri
u . ; >4 ; n %
* 1 12“s • U S 's
J. & J. *10: *102 U 02
J. A J. *104 .*104 * i 04
J. A J. *107 1*107 *1<)7
J. * J.|*llu *110 *110
J. A J.S-112 •112 *112
Jan.
24.
Jan.
25.
Jan.
26.
* 95
*113%
*113*3
*102
'104
*107
•no
*112
* 95
113?*
*U 34i
*102
"104
•107
• lit
*I!3 *s
* 95
118%
113%
*102
*104
*107
*110
*112
♦Tbtsls ttte brio® bid at tas moraine Board: no a- 2s was made.
Coins.—Following are current quotations in gold fir coins:
Sovereisu*--------- 94
Na Olsons....... .
3
X X HcH-bniAiks 4
2 5 P esi-ti* -------- *
Span. D ou bloon *. 15
85 a-94 90
85 *r 3 91
70 A A SO
7 5 » 4 85
Fine gold bars. . . .
par it >4 prom.
53
4i,-X. i o ,u o l o o a s .l 5 * 5 5
* 1 5 75
» 1 5 75
F loe silver bars___ — 67kj ,r—68
Flys fraoes ........... — 90 S> — 95
Maxloan dollars . — a s t i® —55*s
D.> nu eom tu c.cial------ -a> — —
Peruvian 3 M s_____— 52 » — 54
English s ilver......... 4 80 a 4 90
U.S. trade d ollars.. — 60 at — 65
United Mates Hub-Treasury.—The following table shows
receipt# and payments at the Sub-Treasury.
Date.
S eeeip ii
Jaa, 25
M
** 23
*“ 24
«• i*,
,, j£{f
1
5.133.773
3.
4,9*4,791
2.5 m.m»
St.an, o*s
3,285,362
T otal
21,947,4*6
Balances
(Join Cert’s., C urrency
j Paym ents.
f
3,7*9.455*
4.42-i.rti.-:
3,6*4,905*
2,147.495,
1.699,1*71
2,635JS«8]
$
59.303,8*<:;
58.:) >7,1*77
59.560,* U
59, ■.*•1,171
39,770.125
60,369,210
$
837,731
5 i ,H95
1113,441
75 .627
699.401
5*2,714
8
31 ,8,7.876
31.750,73s
3 2.3.99,432
32.460,819
3 ,*,907.670
33,175,161
18.578,464*. ...................
State and Railroad Bonds,*—The sales of State bonds have in....
ai T- , re :,Y i ; ,i w Ya, 8s
- ■..
;■
iTtnn, setUt. 3* at 74;^; |i, 00 .'Ua., Cl, B.,
at 99.
Railroad bonds have been dull with very little demand for
investment or speculation. The Philadelphia & Reading gen
eral 4» and pref. incomes have been dealt in fairly at
steady price*, and holders are wailing for the plan
in a 'definite form to be isued. Fort Worth <& Denver Iste
were bought freely on Thursday, rising from 71k to 74 at the
morning Board, presumably stronger on the coupon payment.
Northern Pacifi >are rather firm and the 2*1 mort. bonds sell
at 8 2 ! Chic. & Northern Pacific lata remain firm above 48.
There has been some activity in Texas Pacifies and the 1st 5s
close at 761, and 2d* at 2 !' ,• Atchison bonds are steadier,
the 1st 4s holding above 70, with a belief in their soundness;
in fact, If Atchison 1st mortgage 4s do not prove to be per
fectly good for principal and interest, without any sacrifice
on the part of their holder*, then confidence in all our rail
road mortgage bonds will be justly shaken. The Erie 2d
consols have advanced, possibly on the efforts by lead
ing bankers to have the proposed plan modified, but they
clone at 70 j . The Mo, Kan. « Texas late and 2ds are rather
in favor at steady prices. There has been more trading in (ho
Richmond Ter. collateral trust bonds, the 1st 6s closing at46J£.
Railroad and Miscellaneous Stocks.—The stock market
continues to show little animation and prices fluctuate within
narrow limits. The uncertainty p*rtainitigt)thetariffdi6eu-aion and the fact that the bids for the new Govirnment
bonds are yet to be put in, and the bonds awarded,
help to keen the market in a waiting attitude.
The
two principal events of the week were the House vote
to put all sugars on the free list, and the report of St.
Paul's earnings for December, which showed a large de
crease compared with December, 1893. The immense decrease
in the Pennsylvania Railroad’s operating expenses in Decem
ber was al-o a striking point in current railroad statistics.
The determination to put refined sugars as well as raw on the
free hit was a great blow to the sugarjst. ck. and caused heavy
sales and a large decline, the price cb.-ing to-day at 78%
against 82?^ last week; but the whole Tariff Bill is placed m
jeopardy by tacking on to it the Internal Revenue Bill with the
income tax provision. St. Paul stock had been very strong
of late but was naturally depressed a trifle by the
tea o f earnings in December. Louisville & Nashville and
Missouri Pacific are recovering eontddi rably from their re
cent low prices and were strong to-day. General Electric is
again weak, this time on account of the decision in Ohio
holding that the incandescent lamp patent expired in Novem
ber last, but the decision stems to turn on rather a technical
point. New York & New England has been active at times
and stronger than last week. This afternoon the market was
weak under short sales and Western Union closed at 84 after
Belling lower, and C-otton Oil at 27%,
0
THE CHRONICLE
170_______________________________
__
NEW
YORK
STOCK
EXCH AN GE—
ACT. IV E STOCKS fa r week ending JA W A R Y
HIGHEST AND IX)WEST PRICES
IV ol. L v i a ,
26,
anl ■
‘since JAN.
Sales o f
Tuesday, ,W ednesday,! Thursday, j Friday,
Jan. 2&. ! Jan. 24. I Jan. 25. 1 Jan. 26.
STOCKS.
A c tiv e I t I I . S to r k s.
9% Jan.
11 % 11% A tchison Topeka & Santa F e. 16,703
11% 12%; u % 12%
% Jan.
100
Atlantic
& I’aeiiic....................
*%
* % .........J
%
67 Jan.
73 Baltimore & O h io ....................
69% 72
*69% 72 | *70
70%
Jan.
600
70%
Canadian
P
acific......................
70%
70% 71% *70% 71%
2,660 47 Jan.
50% 50%;CanadaSouthern .................
51
50% 51 | 51
I
l
l
Jan.
859
114
116
Central
o
f
New
Jersey............
115% 115% *111 % 115% 114 S 114%
2,825 16% Jan.
17% 18 Chesapeake & O., vot, tr. eert.
17% 18
17% 17%
lb
18
134
Jan.
35
137
137
Chicago
&
A
lt
o
n
......................
186 136
133 140 ,*133 140
76% 77% 70% 77% 76% 77% 76% 77% Chicago Burlington & Quincy 67,716 73% Jan.
.........Chicago & Eastern I llin o is ...
93% Jan.
.........I
Do
prof.
59
60%' 58% 60% 58% 59% Chicago Milwaukee & St. Paul 189,631 54% Jan.
275 116 Jan.
Do
pref.
'117% 119 t 117% 119% 118% 118%
103 104% 103% 104% 103% 104% Chicago <k N orthw estern....... 21,831 97 Jan.
153 135% Jan.
Do
pref.
133% 140 I 139% 139% 140% 140%
68 Chicago Rock Isl and & Pacific 24,450 61’ s Jan.
67% 63%' 67% 6 8 % ' 67
7,795 32)^ j a,n.
37% Chicago St.. Paul Minn. & Om.
37
37%' 37% 37% 37
520 109% Jail.
Do
pref.
■111 113 I ►110 113 I 113 113
5,127 31 Jan.
35% Cleve. Cinein. Chic. & St. L ...
34% 35% ’ 35
34% 35%
78 Jan.
Do
pref.
1,000 19 Jan.
20 Columbus H ocking Yal. A Tol
19% 19%' *19
19% 19%
*19
19%' ‘ 19% 20
65 Jan.
*60
67
Do
pref
*60
68 I
‘ 60
68
*60
68 | *60
<18
2,039 129% Jan.
183 133% 133 133%' 132% 132% D elaware & H u dson ..............
134 134% 134 134
161%
Jan.
164 164
167% 168 Delaware Lackawanna&West
166 166
*169 170 | 169 169%
Denver & R io G ra n d e............
30
Jan.
1,150
Do
pref.
31
31% *30% 31%
31%
31% 31%' 31
% Jan.
% East Tennessee Va. & G a.......
*%
*%
58
*%
=8
*%
%
*%
%'
15
Do
1st p ref.
*5
15
*5
*5
15
*5
15
*5
15
*1
6
D
o
2d
pref.
*1
6
*1
G
*1
*1
6
6
1,448 55 Jan.
65
65 E vansville & Terre Haute—
*63
65
64
64
63
63
62
62
320 100 Jan.
102 102
Great Northern, p r e f ............
■102 107
>102 107
>102 105
*102 105
370 89% Jan.
*92
93
93 Illinois Central........................
92% 92% *92
93
93
92% 92%
630
6 Jan.
8
8
8
Iowa
Central.............................
8
7%
7%
7%
7%
7%
7%
355 23% Jan.
29%
Do
pref.
28% 28% *27
23
27
27% *27
28% 28 % l 29
29
2,535
13%
Jan.
15%
15%
Lake
Erie
&
W
estern..............
15
15%
15%
15%
15
15% ' 15% 15% *15% 16
596 63 J an.
67% 67%
Do
pref.
67% 67%
07
66% 66% *65
6 6 % 67%' 67% 67%
6,159
118%
Jan.
127%
Lake
Shore
&
Mick.
Southern
127%
126%
126%
126%
127%
126% 126%
125% 127% 126% 127
193 98% Jan.
99% 93% Long Islan d..............................
*98% 100
100 100
•98% 100
*98 100 | ‘ 98% 100
42,853
40%
Jan.
45
%
Louisville
&
Nashville-..........
44%
45
38
44%
43%
44%
44% 45% 43% 44% 43% 41%
8% Jan.
1,281
9
10 Louis v. New Alb. & Chicago.
*9
9%
*8%
9%
10
10
9 1 9
10
9
*1%
5 Louisville St. Louis & T exas.
*1%
5
*1%
5
*1%
5
5 I *1%
5
*1%
2,137 118% Jan.
121 122 ' 122 122
122% 122% 120% 121% 121 121% 121 % 121% Manhattan Elevated, consol..
1,395 96 Jan.
97% 97% 97% 97% 97% 97% Michigan Central....................
97% 97%
98
98% 97% 98
405 10 Jan.
*10% 11% *10% 11% *10% 11% 1 0 % 11 x4 M inneapolis & St. L., tr. reels.
* 10 % 11%
U
U
400 28 Jan.
*29
S
I
Do
pref.
.tr.
reets.
30%
30%
*30
31%
‘ 30
32
31
3 1 V 31
31
100 12% Jan.
*13
13%
13% 13% *12% 13% *12% 13%t •12% 13% * 12 % 13% Missouri Kansas & T exas___
1,644'
22% Jan.
24%
D
o
pref.
24%
24%
23%
24% 24%' 24% 24% *23% 24% *23% 24%
2234 23% 22% 23% 23% 24% Missouri P acific........................ 14,354 18% Jan.
22 % 23%' 22% 22% 22% 23%
15% Jan,
500i
18%
19
19
18%
M
obile
&
O
hio...........................
*17
19
‘ 17
18
18
19
18
18
70 Jan.
‘ 71
78 Nashv, Chattanooga&St.Louis
*71
78
*71
78
*70
78
*70
78
*70
78
95%
Jan.
5,297
101%
New
Y
ork
Central
&
Hudson.
100
%
100%
101%
100 101% 100% 101
100 % ioo% 100% 100%
1,305 14 Jan.
15% 15% 15% 16 New Y ork Chicago & St. Louis
15% 15% 15% 15%
15
15 I 15% 15%
66
Jan.
100
*70
73
Do
1st
pref.
*68%
71
’ ........ 70
*66
70
68
68
* 6 6 % 70
361 30 J an.
32
32
Do
2d pref.
32%
*30% 33 . , *31
*30% 33
*30% 32% 31
32
13%
Jan.
2,655
15
15
15%
15%
New
York
Lake
E
rie&
W
est’n
15% 15%
15%
15% 15%! 15% 15% *15
50 29% Jan.
Do
pref.
32% 32%
*30
32%' ‘ 29% 30%
20,422
14
7%
Jan.
13%
13%
14%
New
Y
ork
&
N
ew
E
nglan
d...
13% 14%
13% 14%
14%
13% 13%' 13
97 185 Jan.
186 186% 181 188 New York New Haven &Hart.
"180 190
*175 190 *175 190 1 186% 188
New Y ork & Northern, p ref..
16
4,624 14% Jan.
15% 16
16% New York Ontario & Western
15%
16% 15% 15% 15% 16
151* 16
15% 15% New York Su.sc;. & W est., ne w .
1,190 14 Jan.
16
16
15
15% 15% 15
15% 15% 15% 15%
43% 4 3 %
925 40 Jan.
Do
pref.
*42
4.1
4 3 % 43% 42% 42% *42% 43%: 42% 43
N orfolk & W estern...................
500 17% Jan.
19% 19% 19% 19%
19% 19%
Do
pref.
19% 19%
*18%
4%
4% Northern P acific......................
1,523
4%
4%
4 Jan.
4%
4%
4%
4 % 4%
*4^
4%
453
17
1,674 13% Jan.
Do
pref
16
15% 15% 15% 16 . 15% 15% *16
16
16% 16
Ohio & M ississippi...................
*25
50 Ohio S outhern.................... .
*25
50
*25
*25
50
*25
50
50
*25
30
*20
30 Oregon R ’ y & Navigation Co.
*20
*20
100 24 Jan.
*20
30
30
24
24
30
*20
30
*7%
4% Jan.
Oregon Sir Line & Utah North
*5%
*6%
*5%
*4
4% Peoria Decatur & E vansville.!
*4
4%
760
4%
4%
3% Jan.
*4
4%
4)3
4
4%
4
2014 21
19% 2 0 % 19% 20% 1978 2 0 % 19% 20% Philadelphia & R eading.........I 16,610 17% Jan.
2 0 % 20%
14
14% 14% 14% 14 7S *14% 15
Pittsburg Chin. Chic. & St. L.l
715 12 Jan.
14
14
14
*12% 15
52
52
*45
*47
231 44 Jan.
48
50
*47
Do
p ref. I
*46
48
50
48
48
*2%
2,110
3
27s
2 Jan.
2%
2%
3
2%
2 78 *278 3 R. & W. P. Ter,,tr. r. 2dasst. pd
2%
2%
Do
pref. tr. reets.
Rio Grande W estern...............
Do
p ref.
*4%
*4%
*413 4% St. Louis Southwestern..........
4%
‘ 4%
4%
4%
4%
5
200
4 Jan.
*8)2
9%
9%
8%
*8%
9%
8%
9
*8Q
255: 7% Jan.
9 >3 *8)3
8%
Do
p ref.
*22
25
24
24
*23% 25% *23% 25% *23% 25% *23% 25 3t. Paul & D uluth....................
_____j 22% Jan.
*86
*87
*87
*87
*87
*87
Do
p ref.
.........I 88 Jan.
*100 105
100 100 ‘ 102 106 *102 106 *102 100
1 03 103 St. Paul Minn. & M anitoba...
315 100 Jan.
23
23
23% 23)3 24
23%
23
25 Southern Pacific Co.................
2,595 20 Jan.
23%
23% 23 Si 23
8%
8 Si
8%
8%
8*8
S%
8%
8% Texas & P acific........................
3,802
7 Jan.
8%
8%
8%
8%
7
7
7%
7 % *6%
7
7% Toledo Ann A rbor & N. Mieh.
7%
7)3
270, 5% Jan.
7
*6%
*6%
45
*38
45
*38
45
*38
*38
*38
45 Toledo & Ohio Central............
45
45
*38
*69
*69
75
*69
75
75
*69
75
*69
*69
75
75
Jan.
Do
pref.
19% 20%
19% 19% 19
19% 19%
19% 19% 19% 19% Union P a cific...........................
19%
9,005' 17% Jan.
6%
*5%
6%
6%
6%
6%
6%
6%
6
6 Union Pacific D enver & Gulf.
6%
*5%
4% Jan.
420
*6)2
6%
7
6 7r
6%
7
7
7
7
7
7%
7% Wabash.......................................
6 Jan.
2,150
13% 14% 14
14%
14
Do
pref.
14% 14% 14%
14% 14%
14is 14%
3,885 12% Jan.
12% 13
12% 12%
12% 12%
13
12% 13% W heeling & Lake E rie............
12% 13% 13
1,770 12% Jan.
4 7 % 49)3 49
49% 49%
49% 49%
4 9 % 4 9 % 49%
4913 49%
1,442 47 Jan.
Do
p ref.
*5 %
*5 % 6%
6%
*5 %
*5%
*5%
6%
6%
6% Wisconsin Central Company.
6%
*513
6% Jan.
M i s c e ll a n e o u s S to e lt s .
29
29
28% 28 Si 28% 28 St 28% 28%
26% 29 A m erican Cotton Oil C o.........
28% 29
2,780 28 Jan.
68
68
07% 68
68% 68% ‘ 67% 69
68
67
67 |
68
Do
pref.
616 63 Jan.
82% 84%
80% 81% 76
79% 77% 7 7 % 77% 78%
78
79)3 American Sugar Refining Co. 380,163 75% Jan.
>85% 85%
83% 84
<81%
80
80%
81%
81%
80%
Do
pref.
9,934 79% Jan.
81% 82%
76
76
74
74% 74% 74 % *70
74
74% 75
71% 72 Am erican Tobacco Co............
3,008 69*8 Jan.
92
921a *92
93
93
93
93
93
*88
93
*89
93
Do
pref.
495 92 Jan.
66)4 67%
65% 66% 65% 66%
66% 0(»7s 65% 66% Chicago Gas Co., trust rec’ t s .. 33,207 58% Jan.
05% 67%
*0
10
10
10
*9
12
*9
11
*9% 10%
1 0 % 10% Colorado Coal & Iron D oveL .
300 10 Jan.
24
2 413 25
25
25
26
25
25
*24% 26
26
26 Colorado Fuel & Iron ..............
1,505 21 Jan.
127 127
127% 127% 127
126
120
127
124)3 125
123% 124 Consolidated Gas C om pany..
2,685 123 Jan.
26% 27 Hi 20% 27%
26% 27
26% 27
26% 26%
26% 27 Distilling & Cattle Feeding Co 17,470 20% Jan.
36
35% 36
36% 3 5 % 36%
34% 35%
35)g 357a 34% 35)3 General Electric Co................. 18,625 30% Jan.
19
19
20
19
17% 18%
18% 18%
17% 18
*17
18 Nat. Cordage n e w .,2d asst pd
1,060 17% Jan.
*35
35
43
42
35
39
*38
39
42
42
42
*38
Do
p ref., ass’ t pd.
165 42 Jan.
27% 28%
273g 28% 26% 27% 26% 26% 26% 26%
26 »* 26% National Lead C o..................... 12,372 22 Jan.
73% 74
73% 74% 73
73
*71% 73
71
72% 71
71
Do
p ref.
2,458 68 Jan.
4
4
*4
4%
*4
4%
4%
3%
4%
4
4 North A m erican Co.................
1,110
3% Jan.
*13
15
11% 14% *13
15
15
‘ 13
*13
15
*13
100 12 Jan.
15 Oregon Im provem ent C o.......
*15% 16
16
16
*15% 16% 16% 16%
16% 17
17
17% Pacific M ail...............................
2,310 14 Jan.
*80)a
80
80
*80
80
80
79% 79% *80
Pipe Line Certificates............
8,000 79 Jan.
170)3 171% 170% 171% 171% 171% ‘ 169 171% 171 ~ 171 *169 171 Pullman Palace Oar Company
1,166 162% Jan.
67
67
Silver Bullion Certificates___ 15,000 67 J an.
16
16%
16%
16%
16
16% 16 V. 16
16% 16 7t
16% 17 Tennessee Coal & Tron............ 1 5,180 14% Jan.
70
70
63% 65
Do
p ref.
305 63*2 Jan.
*33
40
38
*37
38
40
36
38
36% 38
United States Rubber C o.......
970 36 Jan.
38
38
" 85% 80% 85% 86
84% 85%
84% 85%
“ 4% 85%
83<*i K5% W estern rTom n T e le g r a p h __ _ 1 1 '■ C4-S srv70 .T,vn .
* Tliose arc bid and asked: no sale made.
||'b id certificates.
1,
.f First instalm ent paid.
189 4 .
Range fo r year 1894.
Highest.
12%
1
69
73%
51%
116%
18%
137
77%
.Tan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
6
8
10
18
22
15
20
13
25
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
2 0 % Jan.
66 Jan.
136 Jan.
170% Jan,
18
22
23
25
25
22
22
10
8
10
23
12
5
16
6
3
2
3
4
3
3
4
10
18
2
15
2
2
97
60%
118%
104%
139%
68%
38
112 %
36%
82
3
19
32
Jan. 6
%.Tan. 19
5 65 Jan. 26
4 103 Jan. 3
93% Jan. 23
8 Jan. 25
29 Jan. 22
16 Jan. 19
67% Jan. 22
127% Jan. 20
100 Jan. 2
45% Jan. 26
10 Jan. 22
11 124 Jan.
2 98% Jan.
2 11% Jan.
4 32 Jan.
17 14)4 Jan.
2 25% Jan.
5 24% Jan.
3 19 Jan.
19 70 Jan.
3 101% Jan,
5 16 Jan.
12 68 Jan.
5 32 Jan.
4 15% Jan.
3 29% Jan.
2 14% Jan.
15 190 Jan.
4
20
4
4
8
9
26
25
19
20
26
22
8
24
3
23
5
2 16)3 Jan. 22
2 157s Jan. 22
2 45 Jan. 6
19 20 Jan.
12
5% Jan.
11! 19 Jan.
2
2
11'
2
4
8
15
4
3
18
8
6
3
2
11
25 Jan.
6% Jan.
4% Jan.
21 Jan.
14% Jan.
50 Jan.
3 Jan.
4
6
2
10
16
5
20
25
24
23
5 Jan. 8
9% Jan. 8
25 Jan. 4
88 Jan. 8
103 Jan. 26
24 Jan. 22
8 78 Jan. 8
7 Jan. 20
75 Jan.
20 % Jan.
6 L2 Jan.
7% Jan.
14% Jan.
13% Jan.
50% Jan.
6 % Jan.
2
20
16
26
24
4
6
5
3 29% Jan.
2 6 8 % Jan.
3 84% Jan.
2, 85% Jan.
2! 77 Jan.
20 j 95 Jan.
3 67% Jan.
22 10 % Jan.
3! 26 Jan.
3 127% Jan.
27% Jan.
38% Jan.
20 % Jan.
48 Jan.
28% Jan.
74% Jan.
4% Jan.
14% Jan.
17% Jan.
80% Jan.
171 % Jan.
20 67 Jan,
3 17 Jan.
24 65 Jan,
24 41 Jan.
3 86% Jan.
4
23
8
16
15
13
17
26
22
22
20
15
4
4
20
22
25
22
26
18
20
20
26
24
6
8
2
2
3
2
2
10
3
5j
Jam-ary 27, 1884.J
THE CHRONICLE,
171
NEW YORK STOCK EXCH ANGE PRICES (Continued)—/-V'-lCTH'’*® STOCKS.
Jan. 26.
Lnaotivb stocks
f Indicates unlisted.
Bid.
R a ilr o a d S to ck s.
A lbany A Busctnehanna.............100 165
Beilevilu* A Sooth. 111. pref----- 100
Boston A S. Y. A ir Line p r e f..100
15
Brooklyn E le v a t e d s ..................100
Buffalo Rochester & P ittsburg. 100 20
Preferred................................... 100 55
45
B a rt Cedar Rapids A S ot.........100
15
Central Pacific..............................100
Cleveland A Pittsburg............... 50 140
5%
Des Moines A Port D o t e ....... 100
18
P referred___________ . . . ....1 0 0
«
t - a r .t
r, .
a.
■ 10. •
15
P referre d ?................................ 100
9%
Flint A Fere Marquette............. 100
P r e fe rr e d ..................
100
Georgia FaelfleTrust etf
1M> " T
IN
Ur. Bat Win. A S t P. t r .r e e ...,1 0 0
Preferred trust reess...............100
”
*2%
Houston A T exas Centra!.........100
XUlnoia Centra! leased lines— 100 86
7
Kanawha A M ichigan............... 100
Keokuk A lv.s M oines................100
Preferred....................................100
■leHilsv. E raosv. A S t U Cons.lOO
Preferred....................................100
N, A. A Chic , preferred. 100 37%
Mahon Init f o a l .....................
50 90
Preferred................................... 50 . . . . . .
Mexican National........................ 100'
Morris A E s s e x ........................ 50 :
If. Y. Lack. A W estern...............100
N orfolk A Bon t h e r e ...------.....1 0 0 : S3
t
Peoria A Eastern.........................100
Pitts. Ft. Wayne & C hicago-----100 150
Pitts. A W esters p t.................... 50; 26
Bensaeiaer A Saratoga----------- 100: 170
Rome Wat.A O gdeo*burgb....lO O U 2
St. Louis Alton A Ter. H a ste...10® Is
Preferred................................... l o o 145
Range (sales) in 189J. II
A ik.
Lowest.
Highest,
jI
r% Indicates actual sales.J
Jan. 26.
I nactive S t o c k s .
f Indicates unlisted.
Bid.
Range (sales) in 1894.
Ask.
Highest.
Lowest.
; Toledo Peoria A W estern..........100
Toledo St. L, A Kansas City 1i
175
17%
24
63
20
Jan.
ie
14
U7
5k
It
7
6
......... 15
7
5%
4
21
Jan.
___
Jan.
Jan.
Jan.
Jail
Ian.
Jan.
15%
117
5%
11
7
15
Jan.
Jan.
Jau.
Jan.
Jan.
Jan.
JftO.
5
Jan.
3^
6
5
......
86% Jnn.
S6V Jan.
12V Jan.
12V 3 an.
ISO*
a
S' %
IfcO
25
* No pries F rid ay ; latest price this week.
150 156
52
:u o %
; ss
89
3% 5
150
Jan.
40
Jan.
Jan. 151
Jan.
1 0 9 % J im .
88
Jan.
1 1 3 " Jan.
90 Jan.
70
65
7
6
120 150
23
33
: 93%
50 Jan.
4V Jan.
64% Jan.
7% Jan.
2S ' Jan.
97 Jan.
30 " j a n .
97 Jan.
; 15%
: 67%
22
40
15
59
ja n .
Jan.
16% j'an.
67% Jan.
Jan.
25
ja n .
Jan.
Jan.
8
2ft
60
.......
**37%
; 22%
22%
7
8%
7
10
6%
7
Ontario Silver .Mining.................100
v%
148 Jan. 151% Jan. Pennsylvania C oal..................... 50 -.275
275
110% Jan. i l l % Jau. ,P. Lorlllard Co, p ref................... 100.
51
Jan .
52 J in . jPostal Telegraph—Cable ? . . .
S3
55
;Pullman Palace Car r ig h ts ...
143** ja u .
. yuivksdver .M in in g ................1 0 0
2
1%
1%
Preferred —
..........
12
15
Texas Pacific Land T ru st—
7%
: *5*4
U. 8. E x press...........................
48
55
.17. 8. Rubber preferred.............1 0 0 : 60%
80
124 S T 122
! A ctual sales
33
........
M is c e lla n e o u s S to c k * .
Adams E xpress.............................100
American Bank Note Co 1f...............
American E xpress..................... 100
A liter. Telegraph A C able........ 100
Brunswick C om pany.................100
Chic. June. Ry. A Stock Y a r d s.100
|j Preferred....................................100
Citizens’ Gas o f B rook lyn ........100
C olorado Fuel A Iron, p ref...... 100
''Columbus A H ootin g C oal........100
1Commercial C able......................100
Consol. Coal o f M aryland........ 100
Edison E lectric Hlum lnating,..100
I nterior Conduit A Ins. C o ....... 100
Laclede G as................................. 100
P referred...............................
! Lehigh A Wiikestmrre Coal 1]
Maryland Coal, p ref....................100
Micbigau-Peniustilar Car C o ...1 0 0
Preferred....................................100
Minnesota Ir o n ............................100
National Unseed Oil C o............ 100
7 % Jan .
2 (5
Jan.
ja n .
Jan.
Jan.
Jan.
Jan.
Jan. J
Jan.
I—
1% Jan.
7%
55
84%
126
Jem.
Jan.
Jau.
Jan.
NEW YORK .STOCK EXCHANGE PR IC E S.-STA T E BOXDS JA.XUAMY '2G.
Bid.
SECURITIES.
97
A S * b » ® A . 4 W. 5 .......1900
97
C 3aM B .fi*............ ............... 1906
CUM 0 ,4 * .............................. 1900
Curreney funding 4 » ............ 1*20
Arkanaaa—O*, fu n d .H oi 1899-1900
! ~i. N'*ts H olford ISO
2
7a. A rk m s m Ceatral EH . . . . . . . .
Loalaianar-7 •, von*................. 1914 110
Hew m m !%. 4 * . . . . . . . . . . . . . 1 9 1 4
Mlatonri—Fund..............1894-1-95
?I
Ask.
os
1(3
97
93
12
10
J£ w
BK C C K iriE S.
New York City Hank Statement for the week ending Jan.
30, 1884, ia as follows. We omit two ciphers (00) fn all cases.
I .
Ba s k s .
(00s omitted, t
«f
B to x of -New York
..».**,**
HOChAnU**'. . . . . . . . .
A m en m ...
Phanlx................
CUr...... . . . . . . . . . .
**.... * «.... j
......
!
Capital Surpiut
.)
Merchant** KxetiP*e,
}
Loans.
Leather M m & a i m ' m i
8*V«W %h SfMtoMki--.
!
$,0$0,0i
%m<}M
CoOO.O
Iooo,o
1,000,0
1,000,0’
7 oo.o;
»oo,o
600.0
800.01
500.0
Hots .
1,083,7
German A m * rteaa..
w /* |
Cbm® m
...* }
I w t i A rm ® *... . .. .. . i
t m m Mx&kmzgs*,.
S Mzm*mi*
:
0
0%mm. .....
ZetMOltlLs. . . . . . . . . . . .
mmx
an
WmaU of
W m%
.
M&tMmp]
1m s
M6i.r-
700,01
w N l.fl
Ifc M ij
2 m .^
V
m t¥ M
4,^7 4,7! I jr 4 r ,4 |
4 ,4 0 6 /ji#18V3-|
j
4 iM [
d id * I I
m$£j? I
709,1
44 Ik* {
1,144.0
4«2-,fr
aoi»,
m%n
m iM
m nM
#14,$
713,7
mmM
m iM
352*1
»}u0|
SSaOf*I
. ,,* * * . . . . I[
I!
VMMf-aemMJ
fo r Boston M id FfaU»
*
-
4,134,01
1,010,«
02*ta.
9 b.
83a.
* ¥ s’ a.
Id a.
6Mmdic-ate* price 60*; “ o ’’ price <uML * Latest price this week
B 4.N I8,
Mu
A m«rt
Am. Eaek... u s %
B ow try,..... “****”
Broa4 watr ...
170
...... ; ‘i o
ISm***..,...... ISO
Cliatbam..... 3S0
.... 4WI0
H t r .,. . . . . . . . l rJS
1344.K
900,01
%ixU\
.......ft S00O1
Wmomn
s,100,0
Witax Nstfi., Br%!fn JI
BombeMtii
6.138.0 07,300,7
5.085.0 52.800.3
4.812.0 0 1 .5 1 9 .3
Hank Stock Elst.--Latest prices o f bank stocks this week.
8,510,0
$,1*1,0
T f t M WtAimiit..___J 1*000,0 j
fao,o|
8.770.0 1 1 1 ,2 5 4 ,5
8.718,4 8 5 ,8 2 8 ,9
8.894.0 84,135,1
Miscellaneous and Enlisted Bonds.—Stock Ex. prices.
too,Of
8#w «ry, , „ . . ! . *|
f Ifitia d ia g
t
t
132505 514,500,8
131118 4 28 .189 ,1
130444 540.988.0
128775 528.770.1
127422 4 >7,505,7
1^li»«*s|lnatp#a« floeut*.
6 iw » lla n a o u B Bond*, j
Clu JtttLdt *8. Y»U.—Coi.t.ir *5$ l o o O, : P e o p le * * 0 u <&0 . { l e t if. 0 e . i
(%lor»do E*i.®l-«0#a, fj«..
..... . 1 (to,, O b ioico.... J 2d g. 6a.
0 9 l 4i H*Mks €«^1 dt E—0*. gJ • 95 A.. ■VlmxH. volley Goal -1st g. 6a.
Ctmwol’B
CkvnTrirE 8*.
*101
i Procter d& Gamble—1st g. 6$
09 M .u ti Oo .Cfei©.—'lm ipi.5» i . . . . . . i Hiinday Greek Coal let g da...
Utot. C. W *L W t*.-0eu4-5< . . . . . . f Weatern Union Teleg.—. . _
B «t 0 *mi ©on. 1»t 5 *........»»»{ 58 b. Wheel. L.BtfeP.Coal-1at g 5»
II ni ivied Hond«.
Umt
Urn l #t-g.
...I 8 i V*tMima M3&&. Hi, Vm, —i «t 5* . ; 105 a. j Ala. it Vick#*—Consol. 5a, g.
K^fiit-aOle 0 , .% F.-—1st
90 a. i Vloka. <fe Merld.lal da . . . . .
H«nd«sr*KM* J6rtd*o—I®i £:. 0* . 108 »*,!j4mer. Dei). Co. col. tr. 5a ...
^ Imp.—’sf. 5#^ 102 b.fjUomatoeg runnel—Inc. 4»..
.... idee. Pm—let da g. ctfa.......
Mieh.-Enaiau 43»r 1*t 5*t
110 b.
24 mort. In com e...... .....
MotiUki
ha ik Jj Goitaot. 5«, g. ctf#...... .
NMUoniki Btoowh Mfg.—
noome 5a. otfa— ............ .
N ortli H9iSont
7 A.! lOi^ab. !
‘ Mem.JtCharleaton—Con. 7 g.
Peoria Wotor Co. -6*. it
750.0
Bhm At
1,000,0!
Cam Exrhmogo,. . . » j 1,000,®|
Continental............1 1,000,01
ovtaniy * * » • * -........ t 3W.01
importer*’ <*. Trad’d 1*500,0 f
....... ■^OOP/i f
I w i tiftm .
0.';
■
Central
. . . f 2,000,0!
N*iSl©aisi**.,,!
750.0
JFfjRsi
..... | 500.0
8f.Y. Nat J&xeiullMte
Ltoais. !JDi|0*4fi.f Circ'l’n Charing*.
* it « r,niii ?■■■'« ciphtT* inuMthm* jfajutt*.
M & r k m 4t Patton . . . f
HFew York Oottxttjr.. '
»S|
dftJpbt*, th# tt*m **do# to &mm
2W,0
Ask.
New York City, Boston and Philadelphia Banks:
S
!
f
$
9
, 9
! !
Dec. 3 3 .... 132,010/ *18,387.,OilO45207 08,128,0
30
I $2,010.0f417.608.,0 1 0 8 3 1 8 4 1011082: 508.437.8
JJKD. 8.. 132,057/* 41 H.H07. 6 1110734 1023544 51.8.524.8
** 13., i*f2/>;47,V'-4tM, 185, 4 11830371109*534 527.913,7
“ 20.. 132,$*7.0f it 0.885, 1236301 j1147 009 j642,300,2
6oti-on>
3 *0. # *
ItT .rif, 0 13*^8-^110.300,0' 104.803.0
64.842.0 187,538, 713.388.0 (10,87 4,8! 103.192.0
13..
“ 30..
: 0 13*807»0}11*018,0 163.213.0
84,642,8
«‘ h I In.*
X*fi, 8 .
,34,838,0
35,810,3 00.364,
102.833.0
35.038.0
94*593,
**' II..102.600.0
35,81.0,3 05,071,
M to
.
38.171.0
Msmarm.. .*«**.„*•**.. \ 1,000,0!
Sfm m a....* ,.........!
Bid.
Tennessee--6s. old .........1892-189b
60
0», new b o n d s ....... .1892-8-1900
60
do
new »er;,-s...............t il)4
60
......
Cotopromliw, 3-4-56S .......... 1912
70
New aoUtoment, 6 e ....... ...... 1913 100 3.05*
3%
5 « ............................................. 1913
98 102
!« 0
3 » ............................................. 1913
74
7-1%
125
Vtnruda funded debt, 2 -3»...1991
55% 55%
6«, deferred bon ds........................
5
7
* -y l
H*. deferred Cat ree’ t*. stam nwl.
! .
S0iyi|
Blatia of Sf#w York.! i#-f0o,0i
American Kiel»**».. SvOOO.O
Qpmmwtcm,. . . . . . . . . . . s,000,0
B r m b d w m f . , « « . , ... - i 1,000.0
M9Tr*DU\t>.............. . . 1.000,0
422.7Tmuie*.w.e—
1J0O,0?
Chatham . . . . . . . . . . . . :
450.0
200.0!
tm p W a .......
If arrth AmmritM. ...J
SECURITIES.
A r t.
Bpzeu. Ltjnl*. DtpoHt*. N. Y ork ,*
©aiU iin N *fl m m i . . . ! 1,000.0
MMlehtem-A ©*bv *t Y\
teo.o
*00,0
M m tum lf #* 4kT r a fi'e ;
QtmnwHb****
Bid.
North CaroUn#—
Ha. o ld ...................................... JAJ
30
Funding a c t............. .............}»0O
10
N «w brntda. J A J ........ 1892 1888
15
Cbat^aia. 14K _________________./■
2%
Speetai t a t . ■;!»»» 1......................
2%
CouaoUdnimi 4 » .................... 1910
9«
0 a ... a. a . . . . . . . . . . . . . . . . . . . . . . 1 9 1 9 ' 118
abode Inland—6*. o o u ..1893-1394 IPO
■Sooth Carolina—6*. non-hm d.l «a s
1%
n *4 ,i
$*’£1)4,7
t 2m% 7
5,5&$U$3.603.0
5.340.0
1,455*0
W 0m M
4 # i4 t
■st.vmd.a
-~ -j
banks,
i
Bid. A»k. 1 BANKS.
OalUtln....... ;2tfu
!su |GarSelA...— !. — ••****
G«*rmaa A m .! 120
2 tS "l German E x.. 1...... 100 ! Germania... J 400
122 j Green w i c i i i & 5
..... H anover.....1300
4«8) i Had. Hirer. J 150
800
1800 !
Ir r itig ....... |*$5 ido
100 |Leather Mf»* 400 225
Columbia ... $ is
Lloooln........i ..... .....
Miiiilmiiiifi...[ ITS
Qoiumoron... 170 180
CtettUBSttlal. 12n
......i Mark »stit. Pulj300
Meehantea*.. 1110 100
2S0 300
G*©h«' A Tr*' j 1-40 too
G ip iw lt......
Ka«t Hlvnr.. HO 180* | Mercaatiie. J ..... *310
1lUi W a r/... 200 ■,.., r. |Sf erehanr**.. 1137 G ISO
Fifth A re.... 2000 .......1 McTeli't* Ex. HO 125
:
"j aietrmwiii*.. ■ISO 500
n n i i .......... .
Mt. .Morris..i— .. ......
FMNfc. ... . . 1990
trn
Mttrmy HUS!
r l m N „ s . i. n o
180
■,. i %'*«*&.........
! 4th SUwlAhk
h a s ip's I Mew Y*«rk., . rJfld
Fauifth
..—:r
Bid.
}N.Y. Co’ nly
; N.Y. Sat. ISa ills*’
no
llOth Wanft,.. 130
sS. America. 145
lOriental.... 230
1Pacific..___ 175
jPark.......... .....
1Peopled___ 273
! Plieulx ...... US
| 'rodtice Ex.
fEepubSi©.,.. 145
iSeaboard... 172
{Second...... Mb
|SevenOi .... 135
(Sbootfe Le*tli i 0
St. NiCllOlHte.
Iso.atliera.,. m
Sfatebl N.Y. n a
Ifjiird . ..... 00
1rnnieera’iP-.'1u nM sti*ym
Weetera ... 105*
IWfot Side
Ask
040
125
.
ISO
250
280
,
125
.....»
173
.
go
110
100
220
112
THE
172
CHRONICLE.
[ V o l . LVILI,
BOSTON. PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
|
A c tiv e S tock **
t indicates unlisted
Ateh. T. & 8. Fe t Boston).100;
A tlantic,* Pac.
"
1001
B altim ore * Ohio (B ull
100
I f V K ttw a
■■
100
*id ptucerrt?a
Baltimore Tm v'njr/iit.
29
Boston tfeAlbany f Boston 1001
100
Boston & Low oil
“
100
Boston & Maine
"
100
Central o f Maas..
“
xoo
Preferred
44
100
Chi0.Bur.4fe Quin
'*
Ohio. Mil, & at. P, fP A iU -100
Ohio. <fe W. Ml oh. (B oston). 100
Clove, (fe Can ton
'*
100
P referre d ....
“
100
Fitchburg pref.
“
100
S u n t. A Br. T o p .(Phila j . 50
Preferred
“
50
Lehigh Valley
**
50
Maine Central ( Boston) .100
Metropolitan Trao. ( PhU). 100
Me xfO&ii Ceilt’i ( . Boslo n ). 100
N. Y. & N. Eng.
*•
100
Preferred___
“
100
Northern Central (Balt*). 50
Nortbera Pacific (P hilo.) .100
Preferred
“
100
Old C o lo n y .... (Boston). 100
Pennsylvania.. (P hila.). 50
J&iiladel. & Erie.
“
50
Phila. <fc Reading
“
50
Phliadelphia Trao. “
50
Summit Bt&noh (B o ^ o n j. 50
Union Paoitie
**
100
united Oos.of N.J.fP/iila.flOO
W es tern N.Y, «fePafPhila.) . 100
WLiweelJaiseoiift S to c k s ,
A m.S ag’rRefln.U (Boston)....
Prefer rea.........
“
Bell T elephone..
100
Host & Montana
“
25
Butte & B oston ..
“
25
Calumet & H eola
u
25
Canton C o ...___ (B alt,). 100
Consolidated Gas
u
100
Erie Telephone (Boston). 100
General E lectric.. “
100
Preferred........... “
100
L&mson Store 8er. “
50
JLehi'h. Coal&Nav. '’Phil.) 50
N.JSng. Telephone (Bosl*n ) 100
North Am erican. (Phil.).lQQ
West End L an d .. (B osV n)....
* B id and asked tmoee;
Sales
p y s h a r e P ric e s — n o t P er C e n tu m P ric e s,
Saturday,
Jan. 20,
11%
*75
*69%
......
......
17%
203
183
128%
11
*46
75%
59%
*15
*•50
*2%
*73%
33%
50%
39%
12
*75
......
125
110 %
17%
......
.........
128%
11
....
76%
59%
20
....
. ...
....
33%
50%
39%
4%
16%
174%
49%
21%
10 %
93%
4=6
16%
175
50
Monday,
Jan. 21
22
10°j6
94%
.........
77%
60%
.. .
.........
......
76
33%
50%
39%
106
103%
7%
14%
39
80%
83%
179
179
24%
25%
9
9
300
298
*67
75
56%
57%
__
43%
36
36%
*60
60
14% *13%
52%
52% 52%
4%
*10% 10 % 10%
no sale was made,
Inactive Stocks,
Prices o f January £6,
A tlanta & Charlotte {Malt.) ,100
B oston & Providence (Boston). 100
iir,den & Atantio pi. (Phila.). 50
C .tawissa.......................
“
50
1st preferred.........
“
50
21 preferred..........
“
50
Central Ohio.............. (Ball.). 50
Chari. Col. & Augusta
“
100
Connecticut & Pass. (Boston). 100
C onnecticut R iver. . .
“
100
Delaware&Bound B r,(P /tiia.).100
F lint & Pere M a ra ... (Poston).100
Preferred.....................
“ 100
Har. Ports.Mt. Joy &L. (Phila.). 50
Kan. C’y F t.S .& M e m .(Boston). 100
P referred ....................
“ 100
K. City Mem. & Birin.
“
100
L ittle SehuylMll....... (Phila.). 50
Manchester A L aw .. (Boston). 100
Maryland Central___
(Balt.) 50
Mine Hill & 8. H aven (Phila.). 50
N esquehoningV al....
“
50
northern N. II.......... . (Boston).100
North Pennsylvania. (Phila.). 50
Oregon Short D in e ...(B oston). 100
Pennsylvania & N. W . (Ph ila.) 50
Kntland........................ (Boston). 100
Preferred..............
100
Seaboard & B oanolie. (Balt.) 100
le t preferred.......... .
••
100
W est E nd......................(Boston). 50
Preferred.....................
“
50
W est Jersey................. (Phila.). 50
West Jersey <fe At,lan.
“
50
IVastern M a ry U n l..
(Balt.). 50
Wi i in. Col. & Augusta
“
100
W 'jlm ngt’n & Weldon
“
100
Wisconsin C entral...(B oston ). 100
Preferred.....................
“ 100
Wore’st.Nash.&Boch.
“
100
84
86
Bid.
252
20
122
220
12
35
81h!
12
5
65
" o fi*
54
84
7h
42%
*46%
*46
76% 77^8 76%
60
59%
59
17% 17% *17%
•50
*•50
*2%
*76
76
50%
393s 39
39
105% 105% *105
103% 103% 102%
6 7ft *6%
13% 14%
13%
37
38
38
67%
43ft
4%
4%
4%
4%
15% 15Sfi 16
*15% 16
174% 174% 1747ft 174% 174%
49%
49%
49% 49% 49
23% 23% *22%
9%
9% 10%
i o i ; ; ■io %
94%
95
95
94% 96
19% 20 % 19% 19%
229*9 229% 229% 229%
2%
2%
"2
2%
82%
85
179
25%
■8%
293
*65
57
43%
36%
60
*13
W ednesday,
Jan. 24.
12%
l l ’s 12
11 % 12 %
.1-00
•87%
•75 POO *
69 *« 69% *69
*69% . . . . . .
*•
ii"6%
110%
17
17%
*- 171ft
205 205
201 204
*182%
185
183
185 185
128% 133% *132 134 *133 i3 i%
*48
75%
59%
*15
**5o
*2%
75
33%
50%
39%
404
103%
102 103
6%
7%
7%
13% 13% 13%
*37%
37
37
68
Tuesday,
Jan. 23.
Ask.
85
25
5
52
50
50
123
15
40
15
......
55
19
2%
Thursday,
Jan. 25.
Friday,
Jan. 26.
1 1 V 12
■75 1-00
70% 71
126 127
110% *107 110
17
17
17
205 208
205
183 *184 184%
134% *134 134%
*12
13
4C% 46V
49
*46
773ft 76% 77%
76V 77%
59%
6o% 58% 60% 58% 20
*15
20
20
*15
**50 ___
*•50
'2 %
*2%
75% 76% '75% 76
w
33%
34
.50% 50
50%
39% 39%
393& 3!>% 39%
106
105 105 *105 105%
102% 102% 102% 101% 102%
7
7
6%
6%
'6 %
14
14
13% 14%
14%
38
38
37
38
38
69
67% *
68% *68
4%
4%
4%
4%
4%
16%
15% 15S» •16
16
174% *174% 17478 *174% 174%
49% 49% 50
*193, 49%
24% 24%
*22% ___
9131S H»
10%
«
10% 9 16ip.
92%
93% 93% 92
94%
21%
12%
l-oo i*oo
'70%
h
16%
205
*183
133%
19% *- l g ^ 19% *1938 19%
229 229
229% *229%
2%
2%
2%
*2%
2%
2%
2%
75V,
76% 79%
81%
80% 81
80%
85
180
178 179% 177
24S,
24% 24%
25%
8%
8%
8
9
300
297 297
300
7L *
70
*68
56%
57%
563$ 57
43
43%
43%
34%
35% 36%
36%
60
15
*14
15
15
53
52% 52*8 52 %
52%
53
53 *
4%
4%
4%
4%
11
11
10»s 11
Inactive stocks,
77% 78
91
81
174 177
*24% 25%
8%
8%
300
298 298
66
70
68
55% 56
56%
*42
43
43
35%
35
*60
60
15
15
15
54% 52%
52%
52%
53
53
43g
11
10% 10 %
77%
80%
178
25
Bid,
Week,
Shares.
Range o f sales in 1894.
Lowest,
Highest.
9 V Jan.
18,583
400 •62% Jan.
223 67% Jan.
26 12 o Jam
109% Jan.
. ...
718 16% Jan,
8 1 200% Jan.
49 1S278 Jan.
123 126 Jan.
10 11 Jan.
50 46 Jan,
19,016 733fl Jan.
35,808 54% Jan.
25 17% Jau.
..... •50 Jan.
2% Jan.
99 72 Jan.
120 33 Jan.
93 50% Jan.
36% Jan.
1,48
14 101 Jan.
1.531 x96% Jan.
1,571
5% Jan.
9,925
7% ian.
250 30 Jan.
50 67% Jan.
1,39s
4 Jan.
452 1 3 ’ s Jan.
66 170% Jan.
4,417 48 Jau.
550 2L78 Jan.
35,728 8 13< Jan,
4,100 89% Jan.
2 12% Jan.
5
1 Jau.
4 71 Jan.
17 127 .Tan.
4 109% Jan.
2 17% Jan.
2 205 Jan.
10|l85 Jan.
15 134% Jan.
20 12% Jan.
3 47 Jan.
3 77% Jau.
3 60% Jan.
2< 17% Jan.
3 •50 Jan.
16
2% Jan.
2 76% .Tan.
17 35 Jan.
17 517e Jan.
3 39% Jau.
16 105% Jan.
6 103% Jan.
2
7% Jan.
2 14=8 Jan.
2 41 Jan.
16 67% Jan.
in
5 Jan.
15 19 Jan.
2 175% Jan.
5 50 Jan.
20 24% Jan.
2 I O ' ih Jan,
5 96 Jan.
1,267 17% Jan. 2 20*4 Jan. 20
26 228% Jan. o 229 V Jan. 15
1,154
2% Jan. 26
1% Jan. 12
79% 45,342 75 V Jan.
82%
1,697 79 Jan.
174
1.896 170 Jan,
1,470 2 1% Jan.
24V
902
8% Jan.
8%
300
20 297 Jan.
20i. 66 Jan.
68
1,449 53 V Jan.
5 5 7e
115 43 Jan.
5,03~ 3u% Jan.
35%
60
61
15
4< 12% Jan.
53
731 5L% Jan.
63 ^
89 51V Jan.
•*4
4%
355
3=s Jao.
*10% 11
500 10% Jan.
78
8 i%
*170
24%
84,
*297
68
55%
*43
34%
*58
*14
*52%
*52%
Ask.
At.Top.&S?F.l8o-^??Jg?, 1^89, J&J § 70% 70%
2d2%-4a, g., Class A . .1989, A&O $ 32% 33
Boston United Gas 1st 5 s . . . . . . — § 80% 81
2d mort. 5s.............................1939 § 60% 60%
Burl. & Mo. River E xem pt 6s, J&J f l ! 4
Non-exempt 6s........... 1918, J&J §103%
Plain 4s........................1910, J&J § 89
Chic. B u r l & Nor. 1st 5,1926, A&O §102% 102 %
98 100
2d mort. 6s...........................1918,J&D
97% 100
Debenture 6s........................1896,J&D
90
91
Chic. Burl.& Quincy 4 s ..1922, F&A
93
94
Iow a Division 4s........1919, A&O
77
Chic.&W.Mich. gen. 5s, 1921, J&D
90
Consol, o f Vermont, 5 s.1913, J&J
65
Current River, 1st, 5 s ..1,927, A&O ;t55
85
Det. Lans. & Nor’n M. 7 s. 1907, J &J
Eastern 1st m ort 6 g ..!9 0 6 ,M & S . 117% 118%
I ree.Elk. & M .V.,lst, 6S.1933, A&O §122
Unstamped 1st, 6s— 1933, A&O '1 2 0
K.C. C.& Spring., 1st, 5g.,1925, A&O
77% 80
K C. F .S .& M . con. 6s, 1928, M&N
3o
K.C. Mem. & Bir.,1st,5s,1927, M&S 27
;117J&J
K.
C. St. Jo. & C. B., 78.. 1907,
72
L. Rock & Ft. S., 1st, 7 s.. 1905, J&J
90
91
Louis.,Ev.&St.L.,1st,6g.l926,A& O
2m., 5—6 g ........ .....1 9 3 6 , A&O
Mar. H. & Ont., 6s....... 1925, A&O 1102 1 0 2 %
51
53
M exican Central, 4 g . . .1911, J&J
9% 10
1st consol.incomes,-3 g,non-eum.
6
2d consol, incomes, 3s,non-cum .
7%
N. Y. & N.Eng,, 1st, 78,1905, J&J- >108% 109%
.103 104
1st mort. 6s..........1 905, J&J
2d mort, 6s................. 1902, F&A
87
90
>gden. &L.C., C on.6s.. .1920,A&O :io 3
Inc. 6 s...................................... 1920
20
!Ru tland, 1st,6s.......... 1902,M&N §100
2d, 5s........................... 18 98,F&A M 99
________
24
3
26
18
18
23
18
3
6
3
4
2
11
19
2
3
84%
86
191
27%
9%
302
68
57%
45%
38
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
15
53
54
4%
11%
Jan.
Jan.
Jan.
Jan.
Jan.
Bonds._______
Perkiomen, 1st s e r .,5 s .l9 1 3 , Q—J
Phila.&Erie gen. M. 5g.,1920, A&O
Gen. m ort., 4 g .......... 1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. incom e, 5 g , 1958, Feb 1
2d pref. incom e, 5 g , 1958, Feb. 1
3d pref. incom e, 5 g , 1958,Feb. 1
2d, 7s............................1933, A&O
Consol, m ort. 7 s.........1911, J&D
Consol, m ort. 6 g ......... 1911, J&D
Im provem ent M. 6 g ., 1897, A&O
Con.M .,5 g.,stam ped,19 22,M&N
Phil. Read. & N. E. 4 s .............1942
Incom es, series a ................... 1952
Incom es, series B .................1 9 5 2
Phil. Wilm. & Balt., 48.1917, A&O
Pitts. C. & St. L., 7 s . . . . 1900, F&A
P o’keepsie Bridge, 6 g .1936, F&A
Schuyl.R .E .Side,lsto g.1935, J&D
8teuben.& Ind.,lstm .,os.l914,J& J
United N. J., 6 g . .......... 1894, A&O
Warren & Frank.,1st,7s,1896,F&A
Atl!n°tna«
rf.!tl ^ % f i 9 0 7 , ?feJ
Incom e 6s................... 1900, A&O
Baltimore Belt, 1st, o s .1990, M&N
Baltimore & Ohio& g., 1935, A&O
Pitts. & Conn., 5 g ...l9 2 5 , F&A
Staten Island, 2d, 5 g-1926, J&J
Bal.&Ollio S. W .,lst,4% g.l990, J&J
48L,
48
CapeF.&Y ad.,Ser.A .,6g.l9 L6, J&D
78
78%
Series B., 6 g ................ 1916, J&D
53
55
Series C., 6 g ................1916, J&D
Cent. Ohio, 4% g .............1930, M&S
Chari. Col.&Aug. 1st 7 s .1895, J&J
105 110
Ga. Car. & N or. 1st 5 g -.1 9 2 9 , J&J
111 112
North. Cent. 6s................ 1900, J&J
5%
6%
6s...................
1904, J&J
105
Series A , 5 s......... ........ 1926, J&J
1X5 122
itic City 1st 5s, g., 1919, M&N 101 % 10 2 %
4Jas................. ..... ...1 9 2 5 , A&O
MISCELLANEOUS.
Belvidere Del., 1st, 6 s.. 1902, J&D
Fiedin.& Cum .,1st, 5 g .1911, F&A
•35
Allotiez M ining........ (Boston). 25
•50
OatawisBa, M .,7 s ......... 1900, F&A 114
Pitts. & Connells, I s t 7 s .l8 9 8 , J&J
Atlantic M ining_____
“
25
10
ii
Clearfield & Jeff., 1st, 6s. 1927, J&J 115 118
Virginia Mid., 1st 6s. ..1 906, M&S
City Passenger P.K... (Balt.). 25
Connecting, 6 s.........1900-04, M&S
2d Series, 6s................. 1911 M&S
B ay state Gas ........(B o s t o n ). 50
SM
Del. & B !d M , 1st, 7 s.1905,F&A 128% 129%
3d Series, 6 s ............... 1916, M&S
Boston Land
3V
4
10
Easton & Am. lstM .,5s. 1920, M&N 106%
4th Series, 3-4-5s.....1 9 2 1 , M&S
Centennial M ining...
4%
4% Elmir. &Wilm., 1st, 6 s .1910, J& J.
10
5th Series, 5s..............1926, M&S
4
F ort W ayne Electric!'
5
25
Hunt. & Br’d Top, C on.5s.T95,A&O 101 %
West Va C. &
1st, 6 g .1911, j &J
F raniltn Mining.......
10
25
Lehigh Nav. 4% s...........1914, Q—J 107%
West’!, m.0. Consol. 6 g .1914, J&J
Prenebm’ii'fs B ay L ’a d
3
5
2d 6s, gold................... 1897, J&D 106% 107% Wilm. Col. & A ug., 6 s ..19 10, J&D
3%
Illinois Steel ............
40
100 35
General m ort. 4%s, g .l9 2 4 ,Q —F
M IS C E L L A N E O U S .
Kearsarge M ining__ _
8
25
8% Lehigh Valley, 1st 6 s ...1898, J&D 109%
Baltimore—City H all 6 s .1900, Q—J
Morris Canal gurr. 4. (Phila.). 100
2d 78.............................1910. M&S 133
F un din ggs— ...........*1900, <5—J
Preferred guar, It*.
"
10Q
200
Consol. 6 ............ ^ ....1 9 2 3 , J&.D 120 123
W est Maryl-d S B . 6 s ..1902. J&J
O soeolaM ining.......... (Boston). 25
26
26% North Penn. 1st, 7s. . 1396, M&N j 107 108
W ater 5 s . . . . ..............1916, M&N
Pullman Palace C ar,.
“
l o o 170 . . . . . J Gen. 51. 7 s...................1 9 0 3 , J&J 122
Funding 5 s ............ ...1 9 1 6 , M&N
Quincy Mining..........
“
25 116 120 ! Pennsylvania gen. 6s, r..l9 1 0 , Var 131% 132%
Exchange 3% s......... ..1 9 3 0 , J&J
Tam arack Minlnt:_____
“
25 158 160
............ 1905, V^r
Consol. 6s, o
Virginia (State) 3s, new . 1932, J&J
United Gas Inipt.
(Phil.)...........
59% 60
Consol. 5s, r ...........................1919,Var
113
Chesapeake Gas, 6 s .....1 9 0 0 , J&D
W ater Pow er............... !>:ion).lOQ
2
Collat. Tr. 4% g .......... 1913, J&D
Consol. Gas, 6s.......... ...1 9 1 0 , J&D
WeBtlng.Eieo. 1st pfd. (Bo stun). 50 46
46% Pa. & N . Y. C an al,7s... 1906,J&D 121
5s-.................................... 1939, J& J
Assenting
••
. 50
25% 26 1Pa. & N. Y. Ca., con. 5s.1939. A&O 105
Equitable Gas. 6 s ------- 1913, A&O
Unlisted.
§ And accrued interest,
t Last price this week;
Sts
43 b,
6
25
26
26
4
38
23
22
25
3
9
25
22
23
3
16
25
10
10
16
19
22
20
23
8
16
6
2
12
18
26
20
22
8
15
9
2
3
12
25
20
15
15
13
23
19
9
24
9
Bid. Ask,
99
113
101
71tj 71*9
.34
34%
23% 24%
19%
114 115
128% 129%
104%
97V
99
50
99%
no
106%
103
101
105
-TTWT
111
91
95
99 100
98 100
113
95
103 105
67
70
65
70
67
70
_
100
99 100
83% 85
110% i n
112
109 n o
103 n o
98 100
108
1.08%
112 112%
112% 113
104 107
75
96
98
101 Si 102%.
75
79
110
115
113 115
113 115
115
118
120 121
120 12 L
101% 101%
69
70
106 106%
112 113
9 9 % 100
108
IHE CHRONICLE.
J anuary 37, 1884,j
________
_________
_______________________ __________________________________________ •
________________________
'
173
NEW YORK STOCK EXCHANGE PRICES ((’ontiuned).—ACTIVE BONDS JAN. 2 6 AND FOU TEAR^1894.
BAILHOVD AND MISCKL. BONDS.
Closing iltange (sales) in 1894.
JVice
Period Jan. 26,
Ztncest.
J Highest.
Hange (sales) in 1894.
R ail r o a d and Miscel . B onds . InU r7% °Z'J>
Period Jan. 26. Lowest.
Highest.
Amer. Cotton Oil, deb., big-1IKK) Q—P 113
___ b. 112 Jan, 113 Jan. Mo. Pae. <Con. i—3d, 7 s . ..1906 .M A xr 102 b.
103 Jan. 105 Jan.
At.Top.dcS.F.—100-JT .,lg.l»b£>;j A J 70*9
07 Jun. 1 70% Jan.
Pan. o f Mo.—1st, ex ., 4 g.1038 F A A
99
93 Jan.
99 Jan.
2.1 3-43.
Cl. " A ” .........1 939 A A O 33*3
34% Jan.
31*a Jan.
2d extended 5s..............193“ J a- J ' 101 %b. 99 Jan. 100
Cul. Midland—Cons.,. -1I g , 19-10 F A A
—
*
31*8
29 Jan.
32 Jan.
St.L.A- lr. Mt. 1st ext- ,53-1897 F & A 102% 102 Jan. 103 Jan.
Jan.
A«l. A P a e .—Gttar.,4 g ..- 1 9 3 7 .........
40 b. 46% Jan.
•IS% Jan.
2ft, 7 g .............................1 8 9 7 ”M A
--------••
X 104%
102 Jau. 105 Jan.
2%
2% Jan.
W. D. Income, 6 s ........... HHO'J A J
3% Jan,
Cairo Ark.& T exas,? g .l “ 97 J A- D
90 b.
Brooklyn Kiev. 1s t ,6 g ___1921 .A *
O 104
100 Jan. 107 Jan.
Gen. B'j" & land gr.,5 g.1031 A * O 72
71 Jau.
72 Jan.
Union Elevated.—6 g . ..1037 M A X 93
91 Jan.
95% Jan. Mobile & Ohio—New, • g ..l;)2 7 J & D 112 b. 111%
Jau. 111% Jan.
Canada Southern.—1st .*>m.l»03:J A J 107% 103% Jun.
108 Jan,
General mortgage, 4s___19-18 M A S 59
59% Jan.
2d, S3................................. lt<13jM.te S: 103%
102 Jan, 103% Jan, Nash, Cll. * St. L.—1st, 7s. 1913 J &. J 127 k 57% Jau.
125% Jan. 127% Jau.
Cent.Ga.-.« A W .lsteon.5*. 1 9 2 9 ........... > 31%b. 32 Jun.
34% Jan.
Oonrol,, 5 g ....................... 1929 A it O 100
98
J
au.
102
Jan.
Central
o i!«., 7a. 1- -9
114 Jan. X.Y.Central—liel-t. ext.-ls,. 1905 M it X 102 % 101% Jan.
----- o f >\. .J..-C------.
- - -9' Q- - J_ l i t- -b.- -112%
- - - Jan.
..............
102% Jan.
t.onsol.. , , ........... ............ 1902|M A' X 1- 0 b....................... ........... ......
1st, coupon, 7s.
1 'll) 3 J A Ji 124 b.
125
Jan.
Genera! mortgage, 5 g ... 1987: J it J 111% 110% Jan. m % J a u .
Deben.,
ss, coop
isk ’ t 'V iO i M a s 107%b. 107 Jan.
„ _
,. --------------------107% Jan.
Beh.&lV,B„f*)H.,?s,a,s'd.lS0O'<i—M ; 105% 103 Jan. 106 Jan.
« -?s, roe 1900
- - M A X 11 s b.
.v. 1. A- Harlem,
110% Jan. 118% Jan.
*•
m ortgage 5-s.193 2-SI & X- 93 b , .....................;...........
Ii. V . & Oad., eonsol., 5S.1922 A A O' 114MJ. 113% Jan. 114% Jan.
Am. Bbek & Imp „ f.» ...1921|J A J lo8%l>. 108% Jan. 109 Jan.
West Shore—Guar., 4 s...2H 61J & J 10 2 % 100% Jan. 103% Jan.
' n ; : e ; p,i. in,
>- ' a J !■<!
I.,:;-: -: , ;
X. Y. Chic. ArSt. L.—4 g ---- 1937 A it O 98%
97% Jan.
98*4 Jan.
Cites. & Olslo—M b rt, 6 g . , . 1 9 l l A A 0 117 a. 115% Jan. U « Jan. X. Y. E levated—7s..............1906 J a J 110%
109% Jau. 110% Jan.
1st consol., 5 g ...... .......... 1 9 3 9 -M A N 103
101% Jun. 103 Jan. X. Y. Lack. A- VV.—1st, Os. . ! 921 J ,v
, 1 2s b.
„ 127%
A- J
Jan. 12b Jan.
General 4%?, g . . . . .......... 199 2 .M A .8 75
72 Jan.
75 Jan.
Construe!ion, 5e
1923 F A A l i o n ,
112% Jan.
K.A-A D ivv l - t .» n . ig.1 9 8 9 J A J “ 1%
84 Jan. f5 Jau.
N. Y .I..E .A A V .-Iu .eon .,7g.l92 0 M * 8 K iji',b. 131% Jan. 112% Jan.
133% Jan.
2d eon., 4 g. .1989 J A J #8 b.
, sis Jan, -1 % Jun.
2d eousoL. ii g..
1969 J A- I> 70 a,
76*4 Jun.
Elir.. Le*. * Big San.- 5 * 1 9 « 2 !M A 8 98 !,.
96 .Jan. ,99. J a U-.
r
i ! 124
. . ' " I b. 74% Jau.
Long
D ock, ronsol. 6 g .l9 3 .5 !A A“ Or
■Chic. Burl. A Q.—Cob. , 7s. S90.1.J A 4 V
1 l k~ , L ’ 11X. Y, Out. .V W.—Kef. 4 s. g . 1992 M it Si 84
82%
Jan.
84 Jan.
Debenture, 5*...................19i:> M A X
107 Jan.
..C onsoL U t, 5 g ..
.l M 9 J A D lu8%
Jan.
Convertible f.s.................1908 M A $ !<>•' . .^ 101%- Jw l' lS-> 4am , N.
Y.S ih . A- tt\ —1 st re f..5 1: 1937 J A J 104% 101% Jan. 108%
105
Jan.
Denver Division, 4s....... 1922*1 A A
........... . . . .
Midland o f X. J .. « g. . . . l i n o A A O 1 1 7 V
"A 1*.>b.
117 Jan. 117 Jan.
Nebraska Extension, 4s .1927 M A X. ,f Z
7i
Jen. n r«r. * W . —100-year, S r . I IHlOid * 3,‘ 65 b.
Hail. A 8t. Joe.-Con~.. 6» 1911-M A s U f ?■ ,l J ??»d an . ,11,
Jan.
M d .& W a sh .D iv .-lst,5 g .l9 i 1 ,1
A Ji S3 a.
Chie A E . I ll — l* t,s .f.,6 e .is «r 7 J * I> 113%b. 111% Jan. lld L -J .m . Xorth.Pae,—Ist.eoap .,fig. 1921 i j A- j 109
105 % J an. 109 Jan.
Conso!., 6 g ..................... 1934 A A o . 118 b. 119% Jau. 120 Jan.
General, 2d. eoiut.. « g . ..1932 A ,t n S2 >,r
78% Jan.
82% Jan.
General eotisol., 1st, 5 *..193TfM *. X
o s b. 0 7% Jim.
90 •inn.
General, 3 d ,coup., 6 g...U W 7 .1 i- D! SB%b. 52% Jan.
60 J an.
C h ic a g o * Erie—l « , 6 g .IB8 2 M * N 9 5 %b. 95% Jnn.
98 • o'Consol, m ortgage. 5 g.. .IStsii J A l» 2 s i 4
20% Jan.
30% Jan.
Income. 5s........................li»-2 ! Get.
“34* t>.
35 J an.
Col. trust gold notes, fis. ls:)s jt ,c x
Chi.- G a sU J trC —ls t.5 K ..l» 3 7 :J A J S-T a. 85%.Jan. f 87 JanC h ie.& X . Pae., 1st. 5 g 1910 A & O
43 Jan.
48% Jan.
Chic. MIL ASt- P —Lion.7s. 1905 J A J 12«*sfc. 127 .Ian. 127 J an.
Seattle I,, s. A-B.. lst.eii.ti. 1931 F * A t 12 «*
f 42% Jan. 145 Jan.
1st, sooth west D !v.,i!*..lW K*'J A J 1 U
112 .Liu. 1113
. . . . . J»n- North. Pae. A- Mon.—f i g . .193- M A- S ;u«Jb. 31 Jan.
32 Jan.
1st, >“ Minn. Dir., 6 « . .. 1910 J A J I I » %
111% Jau. l , Jt-jJ«n . .North. Pae. Ter. Co.—6 g ..l9 d ;j J s J 9fi a. 95 Jan.
96 Jan.
1St,Cb. A Par- W. Di V..5S. 1921 J A J
107 Jau. Dt. -. J-in. OhniArMu.,.—Ct>o*.s.f.,?s. 1-ifN J ,v J 107 k
106 Jau. 106 Jan.
Chi,- A Ml). RJv. Div .As 1926 J A: .1 102
___________
a. 10t% Jau. i fr ; !‘ Jan.
0 »«u w l„7 * ....................... .ld its ij Ar J 107
106
Jan.
107
Jan.
Mu, * Minn. Div , 5 k l-»2 I J a J 105%!,. 104
Jau. *»-• J « « . Ohio soaU iem —1st, 8 g .1921 J ,t it « « »• 0.3 Jau.
94% Jan.
108 Jau. Dhi
T erm inal,5 $,__________ 19I4IJ t e J ‘ UN a* —
Jau. General murtgam- 4 g. ..1921 M A X: 49
48%
Jan.
48%
Jan.
Gen, M.. i s „ series A. . tCNP J A J 0 0 L. INI Jau. ! 00% Jan. Omaha & st. Is.« ,* -* , g
hk «? j 4 j * 50 a.
Mil.iVXor, -i* t ,e o b .,6 s 1 *3 , J A It 1
112% Jau. i ! i J.xa. . O m c M M t . & . - 1 8 , ' * g. U »I8ij * » i 95%»*.
92% Jan.
97% Jun.
fli;,- A X W.—Cousv!., 7s 1915, • ‘ - i . USn Si, IBB Jau. :.139*1
Jan
fjonso!., S g .......................1939 A A-f > r>
" 0 b. ■l« Jan.
51% Jan.
....... 19<>: J A it J2u a* 121% Jau. 122% a an
Om jton. gold. 7*.
Gnx tAiilN'ftV.eo.—I s t.fig !9 0 o J & J 104 h. 101% Jan. 108
Jan.
Sinking fm id. <i* ............1929 A A i t . ..
110 Jau. i l « Jan.
C o n s o l,5 2.........................1925.! * 1< <>d b. 60 Jan,
06 Jan.
sinking ini id, 1__
. l\i
A a o - i*u> h, io& Jun. i 'O Jau.Pennsylvania 4,«, 2 _____
.1 9 lS :M ,t X
Hillfelag fm>a
M
N 109
100*4 Ja-o. to o
.i;,0. Penn. f o . —1% g ., uaiipon., 1921 J
j im i% 108*
ld «% Jan.
25 yeAr
___Utf** M A N 105 l>- ItH Jau. tos
Jan, Pen. Dec. A Evanav.—8 g . 192<i J ,t- J
75
74 Jau,
So Jan.
4,m. . » « * * » - . . A A t#7 h.
.................
e f f H M t t t Div.. 6 g ........1920 M ,v s
75 b. 75 Jan.
7.5 Jan.
CJtite, FfNx-ifc. St* L.4*£I,1se-~*&if.. tWM* A .*?
. >'d tuurtgaae. S * . ___ .1 » ’>v. M ,x x
19
Jan.
25
Jan.
t'h i*.
Par.—Hit.
i*»l7 J A J
123 imB* . KB* J min, •Piiila. A Bead.—Oen,, 1. g . . lit W J ,v J 71%
67% Jau.
71 % Jan.
MmteoAimt »md c**l*
J A J.
97*k %iW0, m Jit Ii.
1»1
n
»
t
tn«ota%
J
k , . 1 • •- .........
33%
31
Jan.
34%
Jan.
30-yn *r
5m.,. IfMl1M 4c &:
&M-H Just. 93% Jun.
2 r pref, income, J * ........19.V- ...
2 i b. 19% Jan.
24% Jan.
Chits*m,P M .& 0 -*.i4
10130:4 A t* i m
110% Jan. 198 Jan.
ill 9ref, iitentne. S v ........1» W .. .
19%
I
10%
Jan.
20
Jan.
& 0afit*3® -—3#..,
3 A J 84 *. so Jmm* . S3 Jim. : Pitiabarir * tt'esfern--4 g . n i i ? J A- ,1 83% '
83 Jan
84 Jan.
e CLCLA- V~Of>m ol, 7 s? ft»H *J A V !20% b.
& Dan V.—Con., 8 g . . H its J A J lt»s',b . 10fi%Jan 108 Jan.
0@tv6ral wnmh. *» s .... . 1034 V
J A 4 117 h. 117 Jmu. 110 Jan. Kieli.
<5m,«<>!., 5 v ................ . 1938 A A M
!
07 ♦67 Jan.
11*8Jun.
€.CX\A* le .-P h ).4K A * . 1940 A A O
71 b. 72 Jan. I *f**%* Jan. B teiLAM .P.fer. rruat.Hg ISft? K A A I 46%
MO Jan f 46% Jan.
t Q foiee,4#*....................... i 000; A p r ilf 15%%. 15 3M l
15% Jan.
f.on. 1*t A col. tru st.5 « .1911 M ,v ~ * IS%||. IIS Jan i 19% Jau.
CoL M
4 IffMBhHS if........1000lF A A 1O0 be 95 J i m. ! 07 Jan, Bio C,. W ra te r n -D t, 4 g 1 X 5 .1 a- j G9-V«s % .la n .
70 Jan.
CoLH .Vai.AToL-Coa.5c 1031 M.V » 88%
86% Jan.
s o 7, Jan.
Jo. A Or. Islami—fi « .192'. M A N 69 a. 66 Jan.
66% Jan.
Cf«oend(flK .... ............ f#f>M A 0
5 mf Jan. : m
Jan.
101 Jan. 100% Jan.
106%
Jan.
7.5 Jan.
7 -% Jam
90 Jan.
58%
Jan.
23" Jan. i 'U Jan. ■
19% Jan.
m Jan
00 Jan,
115% Jan.
s«% J»a. 1 m Jan. 1
110% Jan.
m J ims. ■ m Jan*
99*4 Jau.
no Jan, f 74 Jan* 1
84 Jan.
90% Jan.
91 Jan.
56
J an.
m Jan.
73%i Jan. l;s « c ’tyf!orp.iX.('or»L> 1st m in ;., M A S '
Hoa*. Ac T. OMrt., mm.
t !)21 ‘ A A O ■
m Jan. ;1 «21 Jan. ipSo.Car.—1st, 6
ex
coup.
1920!
.......... <
Hiiaols O e n t r a i-i « .......... m W A 4k O *
So. Pnclflc, Arir.—6 K .UHdM o J A J
.. .
Jan.
94% Jan.
lo t. A OL Nor. —
. nun M
N
T u T Jan. i l l
Jan. !so. Pacific, Cal - - ‘ i K....UWS.12IA a o !*1«S
24 4-5*,.,....,.. ... .......1000 M A 8
63 Jan.
fU Jan. :i u t . « a « l , go d, j g ___ io :js : v a o
84
lows* Ontral—Ht„ 5 &•. ... um< J 4t U 87%
00 J in . ; 88 J m .. \\\
m,. P aeljr. X. S f.- O g ...... l o l l J ,v J e «
95% Jan.
97% ja n .
Kluipi C#.Eter,.— if-L.5 g
J 4 j : 79
SO J»H •*Tcim .CM .Alty. -T en .!)., l . t , 6 v A a O 77
79% Jan.
70 Jan,
77 Jan.
1*%5 1 0 1 0 : % —If
-SI. Jan.
S5 Jam. 1 Birmingham Dlv.. 6
.191? J A J
77
77 Jan.
80 Jan.
La&e- Eri* A W
—0 g .,. 1937 3 A J 111 9. 110%»Jan. i n
Jan. T exas A Pacific—1st, 5 g. ,2000;J A fr 7«>4
72% Jan,
76% Jau.
IrjK. l #t-. T* 190*>3 A J 1 1 0 b, IIS Jan. 119 Jau.
2d, Income, 5
.........20001 March' 2 1 H I 17% Jan.
21%
Jan.
O oimoL coiii*,, 24 ,7% .. tm m J & v> 123
12U Jan. 123 Jan
'To!. Anti Ar. A X . M. O k. 1921 M A X!
IkOiiif Itlatid— l*t *'«>»,, 5 b 1931 q-~J 4 13%b 113 J in . 111 Jan. Toledo
A* Ohio *5-at. *, g „ l!t J 5 :j ,v j 104 %b, MM Jan. 105% Jan.
Orucn*!
*4 g
19 3*3 A Oi 95 b .05 Jan,
m Jan, mToledo Peo. A West,— t g . 1917 >J A J ' “ 9 b. 78% Jan. 79 Jan*
1#., A Na#li.—C * i® , 7** ! «‘ H A A f *:
n o Jau.. n
J an. 'DU. St. Is A- Kan. C.—t! g, 1916 .1 A I . 6*2
59 Jam
60 J an.
5 . O. A Moh:b\ I *4, it »r %mmj a «r?
112%t&ML IM'H Jan. {iiGnlon PaeMk— 6 g ..........ix iio t j * j
105%b. 105 Jan. 105% Jan.
t#
**
2 C 6 f ..1830M
« ? Jan, - m
Jill.
E x t sinking f«fid . As___Lsob M ,fe s lfht
95%
Jan,
100
Jan.
0% ,.
....;..
109 %\Jmt. ' I VI JfMt.
C M M M l l n M , 4% ,.......1918 M A: X: 49 b. 49 Jan. j 49 Jan.
.11*40 3
CmStdL <4g, ........... .
72% JiO - | 74 Jan. m Gold fi«, col, trust note* 1891 F a a
„87
.
82 Jan. ! 87 Jan,
Nawfc.n,A-*h.~l>*l.jeia.,$*c.,37 V
Kan. Pac.-Den. l)lv ..0 g .lsb :i M * >- io:t%b. 101 Jan 101 Jan.
1087*1
2 Jau.
1st consol., f! v.. . . . . . . . 1919 M A Xi H5
82 Jau. j 85% Jan.
I-uaii. N. A* A
$
Oregon
short U n e—6 g. .1972 F A- A ! 87
75 Jan. I 87 Jan.
KktttmifL,. # g . .......... .
!Ki Jan. ! 93% Jan.
Or.S.UAUfb.V. -O on.5g, UJlfi A A <) 511 b. 4 8 Jan,
51 Jan.
Eoni*. I C 1* & T i' xjmi ~ 0 j
55% Jan. . 57 Jan,
i*.IMh-ii.AG«!f.c.>ii ,r,g.
a IV 44%
42 Jan.
40 J an.
M «tro. EaevalaA—l*t. S i
116 Jan, i Is Jan. Virginia Mid.—-Sen. >L.5«.I«3i>.M A X
71
b.
70
Jau.
71 Jau.
. 24. 8*. ..
....I 8 » 9 K A
b- 107 Jrfb. i Os Jau.
.
“*
»l«t»|sil filar M A N 71%!i.
.. .
72 Jan.
72 .lari.
Sfteli. Ce»! ■ x ....... v
M* X j
b. 122% Jau. 123% Jan. Wnlmsh 1st.DK.................1039: M A N, 103%
102 Jan. 109% Jan.
C onoil.. A . ............
. UHfJ. M a X
2d m ortgage, 5 . e ............10:19 K a- .V 7 5 't
72% Jan,
75% Jan.
M ii.L«lteSh.AM -I.g . t v n » fi M .v x
Jan, L ift ja m
lifi.c m 'f . —rie-s II____1SIJ9IJ A- j| 2! b.
F.*m-b. A Imp. 5 g....... i » K M \
West, N. Y.A- Pa .—1st,rig l o .j ? ;j a- j : im b. 08*4 Jan, 100*4 Jan.
Mo. K. A E. - l « t fit. t :. *>i.l!U \A.
O SO b s o Jan.
82 Jam
2d n io r ls iii..................... 1027. A * o i 2<>Ji
19% Jan.
22 J an.
M . K. A rsx is -- 1st, t .
. 1■(5. ♦J 4? Dl 79%
7S Jan*
mi Jan. West. t. ti. Tel.—Col- tr., .*« I !i;9 ,l ,v J HU
103 Jan. 104% Jan.
. 2 d ,4 a .g ___
» r & At 40
471. Jan. Wise. cen t.
44 Jan..
a J
65 a. 65 Jau.
63 Jan.
Mo. Pae. — 1st,
H A K 93 %a. 07 Jan.
Jan.
In com e..5 if...................... If 1 3 7 ............- l:t a.
*indicate* pr
ii *s “ a” price tMked l tli© Ras
i made tip from actual sales only. • JaMe#t price this week, i Trust receipts.
NEW YORK STOCK EXCHANGE PRICES—(Continued).—INACTIVE BONDS—JANUARY'2Q.
8ECTJBJTIE8.
Bid.
Railroad Honda.
f &*ocM Rmhang* Pri£t§„)
Alabam a M!»t—is t ,
m m . W m *03
a .mt , & « . i v - * L 4* ; o g i « M am m
Dot. MMU 1ft , f»., 0m........ . . . . 15*36i
AUmmtir* A X M m I #%e ,, ,...i f %7 \
SECtnUTIES.
Bid.
1B. A G ,-T o n * , tnrirt.. gold.5».19S8
j W. Va. A Pitts.—let,
5S..1990
t B . A O .8. W., 1st, (t.. t%a...Ufi>0
1 Motion. River, 1st g.,e. 5 9 ...19 19
| O n flO h io R e o r .—1st,4%s.D>30 101
1 A k .A C h .J ooo.—l*t.K .5*jni,lS30
Bast. H. Tun. A W .-D e b . Su.1913
|Brooklyn Kterated—2d, 3 - 5 « .! » l 6
! Brnnsw.ek A W’n—1st. g, 4s, 1938
IBut! Kn h. A Pitt*,—G en..9*,1937 ‘ *99%
Ask.
6ECIJIUTIE9.
B .R .A P .-R o c h . ■ I ’., list. Rs.1921
Roeh. A Pitts.—Cons. 1st, 6s. 1922
. . . . . . Burl Ced. Rap. A S o.—1st, 5s. 1906
UOBavL tit COiiaL Inifit. jiJ. . . 1«7u4
104
Minn. A 8 t . L.—1st, 7s, gu.,1927
Iow a 0 . A W est—1 st,7 s .... 1:109
Ceil. Rap. I. F. A X ,, 1st, 6s. 1920
80
1st, 5 s ..................................1921
C.Obio—Col. A.CHn.M.1st,4%s. 1939
m t " Cent. S R . AJFanlr.—Col, ir.Hs 1 or-c
Bid. Ask.
'' '
122%
no
117
104
94
*i Y.3
100
00
83 *95*"
’ 85*"
rvbL lviii.
THE CHRONICLE
174
NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—f Continued)—J A N U A R Y 26.
BECTJKITLF*.
Bid. |Ask.
SECURITIES.
Bid.
Ask.
K.
AT.IL—Mt. Vernon 1st 6s .1923103
.1937
0. R. & B.—CD
sul. Co. Br. 1st, g., 5s.......... 1930
.190?|
Qm%> of N- J . Ev.
ARich
—1st gen.5s,g.gu,1931
r1895! 5 o2*4;
Chntrai Faeific ---Gold b
103
Evans. * Indian.—1st, c o n s ..1926
.1896! 102**!
Gold bonds,
Flint
A
P.
Miirq.—M
ort., 6 s ...1 920 114
.1897]I K»3H>
Gold bonds,
95
le t con. gold, 5s..................... 1939 *90
106
___1900
Ban Joaquin
96
Port Huron—1st, 5 s ............. 1939
___1939;
M ori, gold 5s
Fin. Cen A P e n — l s t g . 5 s .,..1 918
i
o
T
„.„.1900j
Land grant,
1st con. g., 5 s ........................ 1943
C. *fe O, I>lv ext,, g. >' ___19181 r105H
59
Ft Worth A E. G.—1st g „ 5 s ..1928
92
Gal. Har. Asian Ant.—1st, (is.1910
89 ......... IGal. H. AS. A.—2d m ort., 7 8 -1 9 0 5
1
Mex.
A
Pars.
Div.,
2d
6s
....1
9
3
1
106 1108 ^
Ga, Car. AN or.—1st, gu. 5s, g.1929
6s. gold, series A . . . . . . . . — 190* ‘116%! .......
........ \Ga. So. A Fla.—1st, g. 6s......... 1927 *76
-.1940
Craig Valley—1st, g<
___
!
Grand
Ran. A Jnd,—Gen. 5 s ..1924
Warm Spr. Vai., 1st, g. 5 b. -1941
20
13
G. B. W. A St. P .~ 2d iiie. tr. rects.
Odes. O. & So. West.—1st 6s, 8-1911 101 % 106
Housatonic—Cons, gold 5s— 1937 112
50
40
0,1 fta
„„„...................... l.Ml
105
N. Haven ADerby, C ons.5s..l918
oil. V .-^en.con.l& t.gw g.5s. 1938
Hous. AT. C.—'Waco A N. 7S..1903 105
Chicago A Alton—S. 1 ., bs - . . la oa
1st g., 5s (int. gtd)................ 1937 •102
Louis. A Mo. River—1st, <6.1000 1141*
Cons. g. 6s (int. gtd ).............1912 101
0,1 <7a
ISW 107
Debent, 6s, prim A int. gtd.1897
8t. L. Jacks, A Chic.—1st,79.1894 102% 103%
Debent. 4s, prin. A m t. gtd.1897
Mins. K. Bridge—1st, s.f.,6s,1912 104
Illinois Centra!—1st, g., 4s ...1 9 5 1 106%
Ohio. Burl. & Nor.—lo t, 5 b. . . .1926 102%
96%
94
1st, gold, 3% a.......................A9SJD e b e n t u r e C s . - j —i s s S
Cairo Bridge—I s .................. 19a0
Okie. Burling. A Q>—®at s. f . l|01 104
104%
Spring!.
Div.—Coup.,
6
s
...1898
106
Iow a Div.—Bink. fund, 6 s ..1919
Middle Div.—Reg., 5s.......... 1921 110
92%
Sinking fu n d ,4s................. 1919
C. St. L. A N. O.—Ten. 1., 7S.1897
Plain 4 b. - - . - - ............. ....- 1 9 2 1 *81
1st, consol,, 7s................... 1897 110 111
ICO
Okie A Indiana Coal—1st 5 s .1936
2d, 6s.................................. 1907
117
119
Ohl. Mil. A 8t.P .-lst,8s,P .I> -1 898
Gold, 5s, cou p on ................1951 i i i '
Sd, 7 3-lOs, P, D ................... 1|98 118
'W
Memp, Div., l s t g . 4 s....... 1951
1st, 7s, $ g ., K .D ................... 1902 122 125
Dub. A S. c .- 2 d D i v ., 7s ...1 8 9 4 100
1st, I, & M.,7a.................. 1897 115
90
87
Ced.
Falls
A
Mium—1st,
7s.
.1907
i
i
T
117
let! I. A D ..7 S ...................... 1899
Ind. D. A Spr.—1st 7s, ex. cp.1906
1st C, & M., 7 »........
...1 9 0 o 121 %
122
%
In
d
.D
.&
W
.-lst
5s,
g.,tr.rec.
.1947
125%
1 st, I. A 1). E x te n sio n ,7 s..-1908
2d, 5s, gold, trust receipts.. 1948
<st, L aC . A Day., o s .............1919 103
Inc.
M.
bonds,
trust
rece
ip
ts----*121%
124
1st, H, A D ..7 S .....................1910
78% 80%
Ind. Ills. A Iowa.—1st, g, 4 s..1939
1st, H. A D., 5 s.....................1910 101
Int.AG.N’n—1st,6s,g.............. 1919
Chicago A Paeiiic D iv., 6 s.. 1910 114% 117
Mineral Point Div. 5 s.......... 1910 *102 1 0 2 % Kings Co.-F.El.,lst,5,g.,gu.A.1929 ” 75" *78*
98
104% Lake Erie A West.—2d g., 5 s .1941
O. A L. Sup. Div., o s ............ 1921
L. S. A M . So.—B.AE.—N e w 7 s .*98 111% 113'
Fargo A South., 6s, ASSU...1924 110 % 120
128
Det.
M.
A
T
—
1st,
7s...........
1906
'101
105
Ino. COUV. sink, fund, 5s---- 191b
Lake Shore—Div. bonds, 7 s .1899 113
Dakota A Gt, South., 5s-----1916 '103 105
KaL All. A G. R —1st gu. 5S.1938 106
MU. A Nor, main line—6s. ..1910 '113%
iof% Mahon’g Coal RR .—1st, 53.1934 110
Oalo.AN.JV.—30 year aeb. 5s, 1921
97% 100
LehlghV.St.Y.—1st
gu,g.4%s,1940
106
Esoanaba A L. S. 1st, 6 s ....l9 0 1
Lehigh V.Term.—1st gu. os,g. 1941 106
D esM . A M in n —1 s t,7 s . ...1907 123
'9 5 '
Litehf.
Car.
A
West.—1st
6s.
g.1916
Iow a Midland—1st, 8s.........1900
Long Island—1st, 7 s ................1898 *108
Peninsula— 1st, eonv., 7S...1898
100
N.
Y.
A
R
’w
ayB
.—ls
t
,g
.
5
s
.1927
Ohio. A Milwaukee—let, 78.1898 110
37%
2d movtg., in c................... 1927
Win. A 8t. P.—2d, 7s............1907 '128
N .Y.AM an.Beach—1st, 7s, 1897
98
MU. A M a d —1st, 6 s . . . . . . -.1905 111%
95
N.Y.B.&M.B.—1st eon. 5s,g.l935
Ott, C. P. A St, P .—1st, 5 s .-1909 106%
110
BrookPh
AMontauk—1
st,6s.l911
Northern 111.—1st, 5 s......... 1910 106%
1st, 5 s ..................................1911 102
95
Oh-Peo. &Bt.L —Con.lst,g.5s-1939
45
Louis.Evans.A8t. L.—Con.5s.1939
O.B.I.AP.-D.M . A F. D. 1 st 48.1905
118%
Louis. ANash,—Cecil. Br.7s_.1907
1st, 2% s............................... 1905
113
'111
E.
H.
A
Nash.—1st
6s,
g
....l
9
1
9
Extension, 4 s............... - -190o
Pensacola Division, 6s.........1920 106
Keokuk A D e s M,—1st,5 s.. 1923 *90
8t. Louis Division, 1st, 6 s ...1921
Ohloago A St. Louis—lot, 6s. .1915 *106%
2(1, 3s.................................. 1980
Ohio. 8t. P. A Minn.—1 st,6 s ...1918 122
Leb.
Branch Extension .. .1893
Bt. Paul A S . C.—1st, 6s....... 1919 124 126
Nashv. A Decatur—1st,7 s ..1900 111 112
Ohie. A W. I n d —1st, s.
6 s .1919
108
8. f.,6s.—8. A N. A la............. 1910
General m ortgage, 6s.......... 1932 115
100
10M0, gold, 6s.......................1924
Ohio. A W est Mieh.—5 s ,......... 1921 *50
50-year 5s, g.,........................ 1937
90 100
gjjJpTIam. A D.—Con. 8.1., 78,1905 lle S s
Pens. A A t .- 1st, 6s, g o ld .-1 9 2 1
100
2d, gold, 4% s..........................1937
Collat. trust, as, g ...............1931 *96" 100
Cin. D. A Ir'n —1st,gu. 5s,g.l9 41
95
95%
Lou.N.Alb.ACh.—Gen.m.g.5s,1940 66
67%
Olev, Ak. A Col.—Eg. & 2d 6a.1930
Manhattan Ry.—Cons. 4s.......1990
93% 95%
a O .C .A 8 t. L., Cairo div.—4s, 1939
Manito.S. W.Coloniza’m—5s ,g. 1934
St.Lou. Div.—lsteol.ts't4s,g. 1990
Memphis A Chari.—6s, g old —1924 *50
8pring.ACol.Dlv.—1st,g. 4s. 1940
1st con. Tenn lien, 7s...........1915 *114
WhiteW.Val.Div.—lst.g. 4e, 1940
84
Cin.Wab.AM.Div.—1st,g.4s. 1991
Mexiean Cent. Consol.—4s, g.1911
89
1st, cons, incom e 3s, g.........1939
Oin. I. St.L. A C —1st,g.,4s. 1936
91
Mexican National—1st, g., 6s. 1927
C onsol, 6 s...............................1920
Cln.Saii.ACl.—Cou,lst,g.5s, 1928 100
2(1, income, 6s, “ A” .............. 1917
2d, income, 6s, “ B " ............1917
CLCol. Cin. A I n d .- l s t , 7s,s.f.l899 113 115
Consol, sink, iund, 7 s .......... 1914 ■125
Michigan Central—6s.............. 1909
Clove. A Mali. V .—G o ld ,5 s ... 1938 ■107 112
Coupon, 5s.............................. 1931 113
Columbia A Green,—1st, 6s. ..1916
Mortgage 4s........................... 1940
97
Bat.C.&8trgis.—lst,3s,g.gu,1939
2d, 6s.......................................1926
Del. Lack. A W.—Mort, 7 s .... 1907 132
Mil. L. 8.AW.—Conv. deb., 5s. 1907
Syra. Bing. A N. Y .—1st, Ts.1906 127%
Mich. Div., 1st, 6s................. 1924 119%
Morris A Essex—1st, 7s___1914 138%
Ashland Division—1st, 6 s . .1925 121
Incomes........................................... 102
Bonus, 7s............................. 1900
7s o f 1871........................... 1901 120 122
Minn. A St. L.—ls t .g . 7s.........1927 115
la t.e o n ., guar., 7s............ 1915 138 140
Iowa Extension, 1st,7s.......1909 105 115
DeL A Hud. Cau.—Coupon 7s,1894 104% 106%
2d mortg., 7s........................ 1891 115
Pa. Div., coup., 7s................1917 139
Southwest Ext.—1st, 7s.......1910 120 135
Albany A Susq.—lst,g u .,7 s 1906 128% 132
Paeiiie E x t —1st, 6 s .............1921 107
1st, eons., guar., 6s........... 1906 118%
Impr. A equipment, 6s.........1922
117
Bens. A Bar.—1st, coup., 7s.l921
Minn. A Pac.—1st mortg., 5s_1936
Denver City Cable—1st, 6 s ...1 908
Mirm.St.P.AS.S.M—lstc.g .4 s.l9 3 8
Denv. Tramway—Cons. 6s, g.1910
Mo.K.AT.—K.C.&P., lst,4 s,g ,1 9 9 0 *71
72
Metropol. Ky.—lst,gu, g.6s.l911
Dal. A W aco—1st, 5s, gu __ 1940
83%
Denv. A B . G,—Ixn p .,g ,,5s...1828
M issouriPaeiiic —Trust 5 s .. . 1917
Duluth A Iron .Kange—1st 5S.1937
1st coll., 5s, g .......................1920
68
£ , Team Va. A Ga.—1st, 7 s ...1900
St L.AI. M .~A rk.B r.,lst,7s.lS95
98% 101
Divisional os.......... .............. 1930
Mobile A Ohio—1st ext., 6 s ...1927
let ext., gold, 5 s ................... 1937
8t. L. A Cairo—4s, guar....... 1931
Eq. A Im p., g., 5e.................... 1938
Morgan’ s La. A T.—1st, 6s___1920 109 111
Mobile A B um .—1st, g .,5 s.. 1937
1st, 7s..................................... 1918 124% 125%
- Alabama Central—1st 6 s.. .1918
Nash. Chat. A St. L.—2d, 6 s.. 1901
107%
Eric—1st, extended, 7s.......... 1897
110% '|N. O. A, N o. R .—Br. 1., g., 6 s..1915
116
extended, os.................... 1919
N. Y. Central.—Deb. g. 4s___ 1905 101
* ';,23,1,i, extended,
4%a................. 1923
N, J. June—Guar. 1st, 4 s ...1980
1 *th, extended, 5s................... 1920
Beech Creek—1st,gold, l a .. 1936 100% 101
i 6th, extended, 4s................... 1928
Osw, A Home—2d, 5s,g.,gu .l91 5 *107% ItiO
1st, con., g., I’d, 7 s .............. 1920
Utica & Bi. Riv.—4s, g., gu.1922 100*4 103
Reorg., Istlie n , 6s................1908)
N. Y. K. H. A H .—1st, rev. is.1 9 0 3
,*
B N.
A E.—1st. 7 s . .____ 1916N. Y. A Northern—1st, g 5a.1927
N .Y . L. E. A W.—Col. tr.,6s.l922j
2d, 4 s......................................1927
. Funded coup., 5s...................1969
N. Y. Susy. A West.—2d, 4 % s.l9 3 7
87
89
Bud. A 8. W.—Mortg. 6s----- 1908
Gen. mort., 5s, g ................. 1940
96
98
2 Jeiiersou—1st, gu. g, ------ 1909 '
N. Y. Tex. A Mex.—Ist,4 s,g u .l9 1 i
Coal A B B .—6 s . .....
....... 1922
North’n Pacilic—Divid’d scrip ext.
Eureka Springs— 1st. ;t 38...1.933
James R i ver Vai.—1st, (is— 1936
Evans. A T.H .—lst,eol ,6 e ..l9 2 l!
Spokane A Pal.—1st, Os.......1one
le t, general, K., 5 a ..
....19421
bt. Paul & N. P,—Get),. 6 8 -1 9 2 3
1115%
*No price
•hr6 *he latest quotations made this week.
SECURITIES.
Northern Paciiic—( Continued.)
HelenaARedM ’n—lst,g ., 6s. 1937
Duluth&Manitolci—1si, g.Os 1f>::! fi
Dill.A.Man Dak.Div.—laths. 193?
Ctttur d’Alene—1st, 6s, g old . 1916
Gen. ls t ,g ., 6 s.................. -193.“
Cent. Washington—1st,g.,6s, 133?
N orfolk A South’n—1st, 6s,g. 1941
Norfolk A West.—General, 6s .1931
New River, 1st, 6 s ................ 1932
Imp. A Ext., 6s.......................1934
Adjustment M „ 7 8 . . . . , ........1924
Equipment, 5s..... .................. 1908
Clinch Vai. 1st 5 s.............. ...1957
RoanokeASo.—1st, gu. 5s, g.1922
Scioto Vai. & N. E,—1 st,4s,.1990
Ohio A Miss—2d consol. 7 s .-1 9 1 1
Spring.Div.—Ist7 s............... 1905
General 5s............................... 1932
Ohio R iver RR .—1st, 5s..........1936
Gen, g .,5 s ............................... 1937
Oregon A Calilor.—1st, 5s, g.1927
Oreg. R y ANav.—Col.tr. g..58.1919
Pan. Sink.F’d Subsidy—6s, g. 1910
Penn.-P.C.CASt.L.Cn-g.4%sA1940
Do
do
Series B .........
P .C .A S .L .-lst,o.,7s................ 1900
Pitts. Ft. W. A C.—1st, 78 .-1 9 1 2
2d, 7 s ..................
1912
3(1 7s
.
1912
Ch.St.L.AP.—ist,com 5s‘,g’ - 1932
Clev. A P.—Cons., s. fd., 78.1900
Gen. 4%s, g., “ A” .............1942
8t. L.V. A T .H .—1s t ,6 s .,7 s .. 1897
2d, 7 s ................... . . . . . . . . . . 1 8 9 8
2d, guar., 7s........................ 1898
Gd.R. A I.E xt.—lst,4% s,G .g. 1941
F eo.A E .-Ind.B .& W .-lsc.pf.78.1900
Ohio In d .A W .-l3 tp re f.5 s..1 9 3 8
Peoria A Pek. Union—1st, 6s .1921
2d m ortg., 4% s...........
1921
Pitts. Cleve. A Tol.—1st, 6 s ... 1922
Pitts. A L. Er.—2d g. 5s, “ A ” . 1928
Pitts. Me. K. A Y.—1st 6s___ 1932
Pitts. Painsv. A E.—1st, 5 s .—1916
Pitts. Shen. A L. E.—Ist,g .,5 s.l9 4 0
Pitts. A West.—M. 5s, g.1891-1941
Pitts.Y ’gst’nA A .—1st, 5s,con. 1927
Pres. A Ariz. Cent.—1st, 6s, g,1916
2d Income 6 s ..................... .1 9 1 6
Rich. A Danv.—Debenture 6 s .1927
Equip. M. s. f., g., 5s.............1909
AtL. A Char.—1st, pref., 7 s ..1897
do.
Incom e, 6s-----1900
Wash.O.AW.—lat,4s,gu.oy.,1924
R ioG r. Juno.—1st, gu., g., 58.1938
R io Grande So.—1st, g., 5 s ... 1940
St. Jos. A Gr. Is.—2 d in e _____1925
Kan. C. A Omaha—1st, 5 s ..1927
St. L. A. A T .H—2d pref. 7 s ..1894
2d m .inc. 7s............................1894
D ividend bonds..................... 1894
Bellev. A So. 111.—1st, 8 s ...i8 9 6
Bellev. A Car.—1st, 6s......... 1923
CM.St.L.APad.—1st,gd.g.5s 1917
urs So.—1st,..gd.
St. Louis
. _g. 4 s .1931
do
2d In com e,5 s.1931
Car. A Shaw t.—l s t g . 4a___ 1932
St. L. A S. F —2d 6s, g., ol. A . 1906
E q u ip .,7 s ....................
1895
General 5 s................ ..... ....1 9 3 1
1st, trust, gold, 5s..................1987
Consol, guar., 4 s ................1 9 9 0
Kan. City A 8.—1st, 6s, g...,1916
Ft. S. A V . B .B g .-1 s t, 6 s ... 1910
Kansas M idland—1st, 4s, g, 1937
St. Paul A Duluth—1st,5 a ....1931
2d mortgage 5s........ .............1917
St. Paul Minn A M.—1st, 7s ..1909
2 d m ort.,6 s.............. ..........1 9 0 9
Minneap. Union—1st, 6 s___1922
Mont. Cen.—1st, guar., 6 s. .1937
1st guar. g. 5 s.......... ... . . . . . 1 9 3 7
East. Minn., 1st div. 1st 5 s .1908
San Fran. A N. P .—1st, g „ 5s.l919
South CaroLlna—2d, 6 s . .____ 1931
Incom e, 6s....... ...................... 1931
So. Pac, Coast—1st, g u a r.,4 s.l9 3 7
Ter.RR. As’n o f S t.L.-lst,4% iy 1939
Texas A N ew Orleans—1st,7 s. 1905
Sabine Division, 1st, 6 s-----.1912
Consol. 5s, g ................
...1 9 4 3
Third Avenue (N.Y).—1st 5s, 1937
Tol. A . A. A Cad.—6 s ...........1 9 1 7
Toledo A . A . A G ’d T r,—g. 6S.1921
Tol. A . A . A Mt. PL—6s...........1919
Tol. A. A. A N. M.—5s, g.........1940
T.&O.C.—Kan.A M., Mart. 48.1990
Ulster A Del.—1st, con .,6.,5s. 1928
Union Pacilic—1st, 6 s .... .....1896
1st, 6 s . . . . . . ................
1897
1st, 6 s.................................... .1898
Collateral Trust, 6a___.....1 9 0 8
Collateral Trust, 5 s— _____1907
Kansas Paeiiic—1st 6s, g ...l 8 9 5
1st, 6s, g ..................
..1 8 9 6
C. Br. U. P .—F. e., 7 s ,.........1895
Atoll. Col. A P ac.—1st, 6 s...1905
Atch. J. Co. A W .—1st, 6s—.1905
U. P. Lin. A CoL—lst,g ., 5s. 1918
Oreg.S.L,AU.N.,col,trat.,os.1919
Utah A North.—1st, 7 S ......1 9 0 8
Utah Southern—Gem, 7s_.
No. Missouri—1st, 7 s...........1895
St.L.K.C.AN.—R.E.ARE.73.1895
St. Charles Br’ge—1st,6s.., 1908
West. Va. C. A Pitts.—1st, 6 s .l9 1 l
Wheel.AL.E.—1st. 5s, g o ld ...1 9 2 6
Extension A Im p, tr., 5s.......1930
Bid.
Ask.
88
58
99% 100 %
106"
82
"73%
75
io S ”
78
42
101
101
116%
T35
101%
102
117%
136
135
131
112
115
106
108
108
100
109
109
il2 ’ "
i'io %
"64%
55
83
*80
90
103%
lOl^S
56
108%
100
80
75
78
106% 108*72^
43
67
.........
‘ 108
103 105
107%
117 118
i"o'8% 110%.
__
98
99%
101
___
*100
90
112% 11 3%
80
.........
*31*
75%
99% 99
*103% 104
103%
105 105%
*104 105
*102% 105%
4:4
*45
......
48
80
80
85
85
" 9T ' r d r *
___
104
. ___ 106%
106
10 5" 1 0 8 "
. -—*-**
F o r W i e t U a i M S t t l & U n l i s t e d B o n d v - S e e 3d page preeedlng*
JkSVAhY
THE CHRONICLE.
2 1 . 1894.1
EOAB6.
Junes tra m t
WeekorMo 1393-94. 1892-93.
AJSTD
j& a ilr o a fl
S
In te llig e n c e .
Ihe IsYssiTOas’ Hc p .'lehbnt, a pamphlet o f 150 pages
aontains extended tables o f the Stocks and Bonds o f Bailroads, and other Comp anies, with remarks and statistics con
cerning the income, financial status, etc., o f each Company.
It is published on the last Saturday o f every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular sub
tcriber* o f the Chronicle,
The General QuoP none of Stocks and Bonds, occupying
six pages of the C h r o n i c l e , are published on the th ir d
S a tu r d a y of each month.
RAILROAD EARNINGS.
Jan. 1 to Latest Date.
Lmimt Markings Reported,
E o a p *.
Week or Mq 1893-04. 1992-93,
i
9
1
8
1
1*93-94.
1892 93.
f
$
1.5-1,671
1 1 ,449!
159,683
11.135
A dirondack------ November.)
Allegheny V h . D ecem ber.1 171,747, 224,813 2,430,316 2,630.096
November.
76,215
12.260,
89,571
12,340
Ark- Midland.
Ateh-T.AS. Fe* 2d wk Jan. 522,283 078.467 1,034,547 1.325,639
255,062
28*1.246
=: •; ; :
8 t l i .d e 8an F. 2d wk Jan. m j » 6
Age. to ta l... 2*1 wk Jan. 657,619 *22,011 1,8885609 1,605.885
AttaoMdtCbar.* SeBteintj't.
-19,*21.
38,006
S llflK
5 1<M03
B.AO.EastLlne* Decem ber. 1.424.130 1,630,032 18,789,105 10,799.486
Western U n e A D e ce m ’i-r k 45X,2£*3' -500,071* 0,505,250 t*,i'>1,010
I J875,d^3 2 , 1 m*M>% 23,31*4,301 m tmm, 132
TO’J p.......
311,185
373,648
BeMrtXSoa'w i 34 wfe Jtm. 112.160 125,499
32«M ?
31.518
4Y-1S
Bath,4 H*s»‘» a SSQV&SRb#?.
5,1-24
28»2«)1
41,203
Blr, A Atlantic. tksrem bet.
1.6**
3JJ43
D>3,301
3s.:i:p;
113,020
•41.341
Brooklrts Kie-r. M wk J im.
1 10,112
31,370
136,543
48,70-i
Bn8.Kocii.APU 3d w lf *l»i>.
iifil.faI" ,4 Susq fm tn ife r , ..
4,224,753 4,354*789
Bnr.O Rap, A 5 .
37,403
903.322
TOT,-'ll
.
Camden A A ll. November.
334 jn m 1,005,000 i j*HO,oot»
34 W!» J:lO, S i
10,240
IJf73
31,074
Oar.eum.GACn
03,573
Car, MMian-i . "Umemher
4.330
60,116
5,244
614,1
SO
614.1881
.......:
............
M i l Of G *. - ,fictwbvr. ,,
___
1.174*50!) t 100,790 13.302,073 13,018,563
Central
at N. J
Central Pacific.
u,-;. 1,11 , 1 1 1 1 ,150,000 13,310,188 13^593,710
Central e l 9. c . , ** ptcnthT
6,650
71,071
70,653
6,631
15,* l,¥ l * ,92:i! iso,as.*0 15.1,350
CbAr.Ctn.A* 'bic December
571,58.'.
512.600
Gh*rle*t?hA8aT iitevem ber.’
51,832 41.214
(a »r,*a ta ,.s Sf« December
131,602
117,517
12,000' 12.2.50
1.186
51,14'.
30,1*86
CliMVona Lake.. November
3.794
6,8
71!
83,712
72,046
0,052'
Cberaw.ADari '.November.
Cb«*. A Ohio .. :«l « t Jan
4v 1.7 Iti
17H.-U3 100.910 517.26.5
Chic. Bur. AN.* November. 100.102, 1S7.211; 2,193,773 2,007,081
Chic. Bar. A o. November. 3,001,531 3 ,522,1**2 33.480,353 96,868,188
-t. Ili 2d
______
Cbic A Ka««.
.... wk
75.103
79,514
141.808
157,887
Jan.
Chicago A E rie. Novernlier. 30*3,363 245.786 3,110.321 2 .M i. - 12
Hd),91fj
143,937
Ohio, ‘ it W etpn.ad wit Jan5S.997!
Cb. J .E 4 0 ,8 ,5 ((b'btemb'f. 219.659 25«.:*t«
............4
............
Chie.Mll. A 8t.Pt » ! wk Jen
404,074' 015.261! 1,113,347 1.859.225
Chlo.AN'thw'n* December. 2,SS<2,20O 2,.»17,827'32,291,176 34,170,652
29.810*
37,56.5
48,61-5
Ohio, Peo.A 8
2d wk Jet.
21.072
O ile .8 f t I .A P , *
e t ............ L53V. Did" 19,541.526 18,701,056
t.
■Chio.Bt.P,M,AO Novrmlwr. 845.291 9m ,j m , 7*58*4. h 15 *f,360.*23
2:;i,903
85,29*1
30,460
3d wk Ji*ii.
70,003
5,404
Ota. <j*. * Port* liect'mlwrr.
6 0 ,2 18
5,882
O s J K ilM a f •M wk Jan,
21,979
10,137
10,450
19*971
Cta.N. o . St T I*. l*#»c»o»brr. 3 10,04M) 359,748 3.942,937 1*219*700
416.01. SOBth December.
106,000 D.OJK-3 I*778,95t» 1,796,848
S.Ori A -v. ti !*V4*ii0a.‘r. 146,000 141,353 1,439,743 1,326*910
A le. A Vick*?
619,384
7 1J8KI,
597573
6 I .0 W
570,882
V :.-l* 8b. * P,
560.4 J \
85,000
Eri*n*er By*t. tb^^mher, 769^000- 802,601* §,319,645 8,330,724
20,708
Cl;, NortbW'f; li
20*300
1,06,4*
ASH'
2##,939
Cte.Port*. A V. bf'crmtmr
20,9«D
22,019
§66*335
l i ... Cel, A M »j»v Xkeeeuibet’.
14.520
BM:
1,21 i!
Hi., .’ . *,
,%J V- i :,f
CLC»s.Ch.-*8.1*.:S(i wk jfm .1
Pen, A Kwii'ti. ,N" V C r
C5«v» A
CoL Newb, A i. r tit,
<>*-- II. V, A Toi. I***1; (!(h«’T ; Co!.0h,aw’iee.4Ii iiee.ai her .
M m A l a t e . Dv-eemticr ■
C «| * W .............. November.
Correio R iver.. 2.1 wk Jen..1
Denv. A BSo Or-iSd wk J,»o.
D**. M. N’l .!£ A I;*'
Bet-,H*T«,AAlp.:t»eu*iK-r, ,.f
O a l A M f l U o 3d wk Jen
B ttla6hS.BAj,ii ijhl’wk Jan.
Diihitt; v ’uitm N .v ii.-i'-r,
JE.Teim.ya. A O.i 2d w t JAIL’
XLrln-Joi-AEaai December
Eureka Bari ft**. 1N.ivember J
B ren* A iBd'pit* 24 wk Jan.'
B ren*. A E tch . 24. wSc,f«n,s
B veaev, A T. II 2'i wk Jan
f*H* ---’*.rv
4* V,*.*’,*-r
Flit* s A P.Msru . iM w k J.m
Florence............. - pienOt'r
BLOeot. A Pent i ' December
...........
i
F t W, A Rio Gr ,! M e*infer
Oeii*.A Alt. 0 December ,
S e o r 0 * H R ,..,.d id « k Jan }
Me. Car*!a A No ' Sovvrr-**
Gee. So. A F la . ..:D ecem ber .t
OeerfftFfc A W*b JSe[.tenii>*r.
Or. Rap, A ln-1. 2d wk Jon.
Cto'. ft-A P t.1*? 2rt wk J<u>.:
Traverse City 2d wk Jan.i
M m O ii * l 2d wk l a ..
T otal *8 line* 2el W’k- Jan.l
dttrend T r e a t W k Jen. 2o
Okie * Mr. tv Wk .1 .V V.t
175
Latest Earnings Reported.
378,104
9,391
101,730
479,003
815,757
31.944
57,030
11,066
1,450
2,224
73,020
0I*B88
101.3101
387,227
14,114
122,127
252,221
769.209
33,46*1
78.262
15,031
1,085
4,226
90,504
9eS,«91
131,382
Jan. 1 to Latest Date.
1893-94.
1892-93.
1
Gr. Tr'i.k (Con.)
D et-G r.H .A M ^V kJan. 13
15,346
18,313i
31,359
37,541
Great- N ortk 'n ot. P. M. A M. December. 1,062,754 1,342,834!13,641,765 13,670,836
East, ot Minn Decem ber.
93,126 136,237- 1,337,141 1,313,428
Montana Cent D ec miter.
98,076
96,627 1,117,404 1,191,875
T o e system. D ecem ber. 1,253,956 1,575,69S.16,096,310 16,176,139
Gr. P.Wal. A- Br. September.
1 ,4 5 3
2,054
16,376
17,189
G olf A Chicago. Decem ber.
5 ,3 3 4 '
3,903
45,429
37,982
H a rtsv llie.........September
775:
1,117!
7,360
7,803
3,025
Hoos.Tun.&WTli. December
3 ,3 6 2 !
36,209
35,601
Hons-E.A W.Tex Decemiter
58,955
51,398
HamesCnA-Shen Decetaber.
10,000' 14,969
131,654
148,752
Illinois Central. December 4,702.691 1,803.713 22,013,342
........... 19,310,509
Ind.Deo.& West- December.
49,767)
424,587
509,922
In,&Gt, N orton 3d wk Jan.
78,973
199.042
259,606
Iln teroe (M ex.) Wk Jan. 13
42,296
83,122
80,686
Iowa Central. . 2d wk Jan.
31.994
77,216
67,383
Iton Rail way. J Decem ber.
4,075
41,477
37,515
Jack. T. vt K. W November.
74,798
K anawha* ieb 3d wk Jan,
5,202
15,346
15,656
362!
K ao. C. * Beat. 2d wk Jan.
526
724
Kan C. Cl.
2d wk J:m.
5,565
10,939
10,320
K .C .F.8.* Mem J d w k J a u .
loo.oio
145,205
189,187
K.C.Mem.&Bir 2d wk Jan.
20,596
47.577
47,778
K. C. Pitta. * G. 2d wk Jan.
1,929
3,399
8,303
K ao.G Sub.Beit 3d wk Jan.
3.628
«>•——•*.
9,945
10,337
ir.ocKi
K. C.W. * G ulf. Decem ber.
Kan.Q.Wv.&N W 2d wk Jan.
11,309
0,450
' 0 ,8 77
13,754
K eok u k * West 2d wk Jan.
13,609
7,225
7.081
14,168
DE rie Ail. * So.|December,
7,92
5,098
77,871
83.658
54,890
Is. Brie & West.. 3d wk Jan.
158,641
51,032
175,301
Lehigh * H u d .. jDecember.
589,401
44,474
41,377
475,596
Little Lock * M. October. .
42,282
54.318
Lou* Dm lid-----Septemb’ r,
3,300,292 3,342,628
I^ouis.& Mo.Rlv. October. ..
358,304
50,356
397.117
LoaiSvEv. ASt. L.!4 1h w k Doc
52,750 1,737,979 1,554,154
3*8,770 1,102,735 1,233,910
Lout«v.AN&shv. 34 wk Jan.
15,004:
LoaisJK. A-& Ch, 3d wk j an.
121,265
130,726
Lori-St.. I Te x . 1H'i'.cmIn*,r .
525,520
58,917
642,822
Mmmm & Birin,. Decem ber.
68,510
5,892
73,633
Man eh**-* JeAug. Septeiub*r.
1,759
10.844
9,757
MaBiftique. .. . l>eiember
74,420
4,351
85,780
2d wk Jan.
46,607
31,215
59,207
157,852
; Mes lean O n *-'4*2*wk J an.1
403,191
147,875
Mexican I n te r! f5W em lier.:
234,986 1,839.172 1,874,054
213,821
|Mex, M atioa»i.*34 wk Jan.’
273,014
S8,478i
893,722
M ilk Northern .*November.':
919,530
57,506!
52,500
tMexiewn H’ may jWk J a n. n \
57,500
10,113
Mineral. Raoiter |2d wk 4a n .:
1,1*21 r
9,005
Min neap. t. L. ilAccr-ne er,
179,191 1,787,073 2,022,062
NLSLP. A S.S. M. 2d e k -i t08,800!
58.831
108,836
...
472,067
M o.K ati.A Tex. .134 nrJf Jaw ,
163,819
499.118
Mo.Pae.vfeirowAI 3d wk Jan.
4*3.00*1' 1,180,000 1,421,000
Mobile A Birin. 24 wk Jan.
11,082
6,270
11,951
MwWI« A Ufedn fi a * rjuiwi
827,730 3,333,730 3,341,884
Mnn L M
:Ib»eei« be r 1
8 1,320.
997,810
774,580
449,111* 4,727,179 5,158,573
Naah.ClbJt M .L. De<a nilwr.
4 215
37,053:
39,598
Nevada Central 'November.
35,508!
218.340
210.692
N. Jersey SsN, Y. j Adguat. ...I
MewOrl, A W m»J ...........be r. . !
..........
20,629
136,169;
151,101
Si Y .C J H .R ... 1............... 3,580,1*7 3,845,898 46.710.573 45,590,888
N, V. U K A H N.*v.-mt>,-r, 2,39*1.373 2,583,1 1-1 27,230,778 28,403,788
If. Y.Pa. 41Ohio..! Nt»vemi*er
5*2.094 021/291 li;747,019 6,598,121
___ 4,026,467 4,539,635
H. Y .A N .B di?. . -! -eptem b’ r .;
573,062
N.Y.Je N'orthYi,, |Decern !>er.
581,886
*372178'
50,16
161,811
N. Y. Ont. A U . 34 « k J»n
55,550
163,072
57.153
N. ¥ Saact, A % „. j Deeem t.er.. * 139,757 118,549 1,782,90* 1,713,912
35,933,
399,09*;
393,586
Sort* M&outh'a Ynveinbor.; 36,070
309,819
393,577:
24 wk;Jan,: 201.888 137,795
467,527
36,010
473.669
S’ thrwit'n *S-C.t
34,982
Nbrih-’ JiCshtral, December ’ 531.218 636,61 *, 6,9*1,800 7.191,290
North’ ll Pm I9c ; liei-< inber 1.212,328 1,859,164 23,236,980 28,899,432
UtoMeAVV'Mi ..........
2 .5 5 1
1.079
29,874
26.491'
12.497
1-1,937;
Ohio R iver.........’2d wk Jon.
673,702
683,643
0i»,07il
82.828!
Ohio SOWherri ,; 1irc-m ii.-r.:
534,624
403,432
39.901
49,999
um ohe A 01. L ..tNoreailwr.
Oregon Imp. *hi , .sh-veutiiof. 313.561 307,746 3,590,771 3,590,438
243,531
166,905
Luil,1'euu.A A lO vtoiior....
18,63*1
17,778153,676
1 rnii. M il i’»l..
r.
178.746
16.852
20.435
............................
..
P«BO«ylv*Bltt.. toe*.... Imr. 5,302,915 5,931,923 66,375,22! 68,841,842
Pe*>r»Dre.ARt K hw k D.-i21.021
27,8 1*
*58,953
800,026
PeOTebars....... Nnv n*b«r.
39,047
39,927
484,297
493,374
Ptitlw. A Erie ., \ov, .111«-r
403,738 472,503 4,801,213 4,855,812
Phltw. A Kead’ u. Nov.-mber 1,917JI72 2,003,150 20,710,479 21,104,726
O i u l A l ’ I'-'.i-. N m i'ii;-- r 2 ,1*61.159 2 . 17*0 , 0*2
Tol-t tlotllC*'*- *’• - ' t , - 1 *112,031 4,153.19*
L e h ls h V ia ie v -tU y .. . . . . . i,i:w ,T *1 l,507.-i«3
(’ -ills.
M,*r. A
ft; |„-r
- —
•1
"•11. •
•
2 ,*7-5
3,577
P!U.8heu.A l « E .. lieei tiilii-r ’
40,1*9
31,570
Plttsh. A W est.. iieci nrsiev.
91,083 111,275
43,590'
61,245;
Pitta,C*.A 1*i? I •'•'i-miM-r.'
Pitts, PA, A l . l>i’*;em!*er
19,851!
22,151’
Total *y»lem . 3d wk Jan.
97,77*
i’iU. Ymmir A A iii-' i-mui r.
S i,982!
22,791.
Pt* Hot al AAilg. v- [ieuih'r.
2*4,108
i’ t.Roy.AW.Cnr. '-epuim b'r.!
22, 121.
29,040
21,409.
Quiuey O A K.( ii. ' i-nsiii-r
21,305
Klch'd A D » d v . 2*1 «'k Jao, 183,030 172,570
40.300
57,866
Qeiirgia Far. 2d wk Jan.'
17,050
13,549
Chur V .A Aug, 2*1 W* J»B.'
14,040
12,051
Col. A G n-en * 2d wfc Jim.
58,658
R!eh.Pr,k»b.*P , November.
81,840
5,311
K.Nte’ luv.lr A B October. ...
28,094
24,518
Rich. A t'e*ersb.:Novi-inl>er.
14,029
6,034
B io Gr. 8o«th 'u .s2d wk Jan.
,13,900
31,400
B io Gr. W eal'll.. :3d wk J an.
9,191
6aa.TascoiaA H. 'D ecem ber.1
8,316
7,809
7,134
8 -12.Vai. A 8 t. l-tN'oveinber.
28,510
28,190
8 t L. A. A T . H. 2d wk Jan.
2,507
3,469
St-L.Keo’etASe. December.
84,700
8 6 ,0 0 0
Sf.iuSoulhw’ rti. 3d wk .1uu.
93,247 186.291!
St,PaulA D ul'ti, Dei-.emiier.
Ban Ant. A A .P. Noveinber. 192,010 1*4,874
22,992
B.Fran.A N.l'uc. 4th wk Dec
20,668
„„„„„
03,663
42,205
Bar. Am. A Mon.'.December
Bav.FIn. A W est Novcinlii-r. 299.664 256,013
1 1 ,9 0 9
Biiverton........ ..'U ccem ber
5,000
30,742
28,570
Stotts City A N o.;M ay..........
•iO.IXMJ,
16,000
South Bound— December.
Bo. Pacific Co.—
Gal.Har.AB.A November. 370,711 468,590*
Louis’ a W e s!.. November. 103,252 124,137
Morkan'p l-Al.-Nov'-iuiti-r. 717,988 740,455'
28.293
28,695
N Y .T . A M et, iNo vein lie r
1 54.464 162,929
l e x .A N .ilr i,. November
..............
7,132,453
34,349
500,836
........ ..
0,902.235
40,577
390,902
I ______
119,079
1,280.514
20 1.905
231,758;
271,013
355,352
1(12,000
2ft,2*14
20,813
675,868
325,088
312,220
28,203
11,350
97,750
88,200
123,763
125,711:
85,766
85.763
54,890
50,010
33,141
29,933
274,850
248,050
1,713.134 2,130,709
1:713,092 1,498,609
827,910
869.132
492,192
536,096
2,638,7-16 2,694,523
68,363
103,526
150,759,
157B 68
229,226.
202,207
3,830,710
1,010,723
5,003,311
241,651
1,020,93a
4,171,639
334,100
4.990,998
, 332,292
1,530,(5.
THE CHRONICLE.
176
Latest S an iM fft Reported.
R n ilif.
Jan. 1 to Latest Date.
1894.
1893.
*
5 ,’ 79
76,5 >3
20, 14
4.1H9
0,450
7,225
25.189
4,986
40,319
6. >00
12.497
183,930
57,3dtj
3 3,549
12,051
6,034
13,143
23,190
17,319
$
5.565
100,010
25,596
i.92 9
6,8 '7
7,084
3.1,215
1.911
58,334
6.276
14,037
172. 70
49,300
17,050
14,040
14,"23
22,652
28,51"
16,728
Total (72 roads)............ 5,809,383
Net decrease {10*^2 d.c.L
..........
6,485,466
2d week o f Jamuury.
Week or Jfoj 189391. 11892-93.) 1893-9-1. i 1-92-93.
$
$
So, Pao. Co.-Con
,549.831! 11 ,987,SS8 12,050,647
vember. 1
Atlantic sys.d
32,835,315
,378,952
,937,87232
,797,03-1hi,
November.
2
ra ciiie Bynum I
Total or all November. |1,2129,140 4 ,487,700:44 ,366,740 44,886,462'
CoaStPivlOak t X o v ’ ber.j 830,579 875,614 9,,940,910 9,416,797
80U.Biv.fCal j
Arizona Dlv - November. 1 8 ’ ,701 189 ,590 1,875,446 1,«29,002
925,915
88. 090
80, 159
N ew Mnx.Dl** |N ovem ber!
Son'll Carolina |December, i 106,525 114 ,745 1,291,6-1 1,32- ,041
13.223
16,049
918
1,271
Bouth&NorJ'ar Seyteiub’ r.
80 2 70
84,59
9, 870
11.634
Spar. Un.&Col. SepteuibT.
991
389
961.200
70, 948
07.5031
Staten 1st. R. T November,
o 087
57.2*3
46.007
1.766
StonyCl.ifeCMt. November.
1,323.-50
99.68c 119! 110 1,267,210
Bainw it Branch December.
84, 26*0 l,U 2 .5 5 i 1,069,836
Lvkens Vall(o Decern her. | 101,975
Tot’ i noth CoV December. 2(U,- 55| 203, 370 2,379,78] 2.398,394
407.041
393,25'
00t
131,
139.535
•fl
wk
.Tan.
Texas & Pacillc
51,347
57.875
5, ,427
5.070
Tex.S.Val&N.W December.)
103.4 00
74,913
774;
31,
21.043!
hi
wk
Jan.j
ToL&OMoCente
35.357
35.008
16, 7 i s
17,3110
Tol. P . A West. 2d wk .Tan.
101.283
65,029
32 296
18.573)
Tul.St. L.A K.C 3d wk Jan,
3^4.785
405,109
31, 303
33,161!
Ulster A: Del . November.
Onion P a e ifle 455,410 653,780 5,476.587 6,626,423
Or.S.L.A* U. N November
Or.Ry. * N.Oo November. 4 *3,039 521,479 3,555,938 4,435,6 7 !
U. Fac. l). & G. November. 457,301 545 928 4,696,304 5,b 79,312
48,576
35,863
22,652
18.M0
8t.Jo.AGrl.lBl 2d wk Jan.
Allotbertinea, November. 1,70 ,416 2,256,492 8,620,785 21,977,0*4
<9,546,161
33,397,166
01
i,5!
3,201,032
November.
Tot,U.P.8jn.
898,145 1,223,942
7 1,4.69 105,879
Cent.Br.&lj.L. November.
997,554
721,910
93,389
59,944
Montana On November30,6*7
26/293
2,741
2,905
Leav. Top. A- 8 November.
37,877
3,775
39,348
4,293
Man.Al.A But. November
Gr’ ud total J November. 3,306,072 4,232,201 34,689,087 41,303,162
152.382
145,188
Vermont Valle* Septemb’ r.
696,6«'0
590,6< 0
Wabash............ 3dw k Jau. 201.600 229,600
64,896
80,60
8,194
9,666
Wab. Ches. t i W. October.
West Jersey....... November. 114,6< 3 126,27< 1,589,173 1,621,186
1,097,967
1,165,'
07
95,290
79,866
December,
W.V.Cell.A Flt.lf
306,232
2 4 h,221
35,253
34,781
West Va.&Pitta. Seplerab’ r
91,275 1.201,50’ 1,151,425
82,238
West. Marylan.t December.
3,53 *,• 50
93,500 3,502,24
68,7u0
West. N, Y. & Pa i tb wk Dec
5 ‘ ,285
70,096
2-*,129
18.146
Wheel. & L. Erie 3d wk Jau.
21,767
17.740
1.502,171
WiLCkad.&Cou. Septemb’ r.
568,3v
4
459,529
48.368
61,-565
Wil. Col. & Ann Sep tern b’r.
6.117
6.18
W rights#;* Ten. November
’ includes Col. Mid in j ->-*3 and 1 .9 2 for week and year to date
t Includes Milwaukee A Not them lo r all ueriods.
§ Includes '.Vie- Cental! lo September 26 inclusive fo r both years.
a Figures novel <uuv mat part of mileage located lu South Carolina.
e The business o f iliu Lrtnsb Valley and Lehigh & Wilkesbarre de
partm ents is xioi included, t includes earnings from ferries, etc.,
n o t given separately. 1 Mexican currency, e ToL Col. <fe Cin. included
for the week «iul s lic e Jno. 1 In both years. /I n c lu d e s only half o f
lines In which l'ninn Pir-ifle hasn half interest, h lucludes from Sep
tember 1 earnings »r Milwaukee Lake Shore & W estern iu both years.
/In clu d es H ancock A Calumet fo r O ctober only.
/In clu d e s O lio &
Mississippi in both years and from January 1 to latest date.
rvoL, L T u i,
Kan. City Clin. & Spring.
Kan. City Ft. 8 . & Mem..
Kan. City viem. &, Birin
Kan. Citv Pittsb. & Gulf
Kan. C. Wyatt. & X. W ...
Keofruk & Western........
Memonis & Charieston..
Mineral R in g s .................
Minn. St. P. & s. Ste. M ..
Mobile A B irnm isham ....
Richmond & D an v ille...
Georgia P a ciR c-.- —
Char. Col. & A ug..........
Columbia & G r e e e v ...
Rio Grande Southern—
Sc. Joseph <fc Gd. Islan d..
St. Louis Alt. & T. Haute
Toledo Peoria & W est'n..
Increase.
£
14
. . . . ___
118
2,^70
___ _
141
........
65
........
l i ,360
8,566
_____
.......
591
139,558
............
Decrease.
S
23,507
............
........
427
__ _ . . .
6,026
16,515
176
2,440
3,501
1.989
7,995
4.506
320
............
815,636
676.07 S
The following will furnish a comparison of the weekly re
sults for a series of weeks past.
WEEKLY GROSS EARNINGS.
,---- — Changes.—-— Amount.
Period and number o f roads 1893.
1892.
P. Cl.
inciudeel.
IS
$
$
1*81.
1th week o f June (80 roads) 9,408,037 9 ,2 (7 ,5 8 8 Tno.167,449
3*00
1 st. week o f Ju ly (73 roads) 0.592,979 6,797,487 dee.204,508
8*01
2d week o f July (76 roads) 7,015,903 7 ,6 2 6 ,9 2 0 .dee.611,017
8*09
3d week of July (79 roads) 7,135,236 7,8 i 8,344 deo.633.0o3
8*15
4fcli week o f Ju ly (71 roads) 8,855.365 9.641,324 dec 785,959
12*31
1st week o f Aug. (74 roads) 7,006,343 7,989.397 dec.183,054
2d week o f Aug. (73 roads) 6.469,755 7,601,365 d e l, 131,610 14*89
3d week o f Aug. (71 roads) 6,217.150 7,397,267 d el,IS O ,117 15*95
4th week o f Aug, (75 roads) 9 ,3 -9,1 27 11,315,242 d e l,926.115 17*02
1st week o f Sept. (73 roads) 6,659.418 7,773,024 d e l.113,606 14-38
2d week o f Sept. (74 roads) 6,995,014 7,896,209 deo.900,295 11-40
3,1 week o f Sept. (75 roads) 7.335,793 8,134,31.4 d ec.318,546 10*37
4th week o f Sept. (72 roads) 9 .6 ‘ 6,153 1.0 .S0‘ > , * d e l,154,432 10*69
6*51
1st week of Oct, (70 roads) 7,433,332 7,9*1,213 deo.517.85l
4*94
2d week o f Oct, (69 roads) 7,757.377 8, 60,023 d ec.402,646
0*53
3d week of Oct. (67 roads) 8 ,'5 1 .4 4 3 8,101,7 6 Ine. 44,697
3*38
4th week of Oefc. (63 roads) 10.746,432 I l , l 2 ( , i 3 ‘ i d e c.**76,198
4*77
1st week o f Nov. (65 roads) 7,386,723 7,756.087 dee.369,364
2*03
2d week o f Nov. (73 roads) 7,339,639 8,002,534 dec.l62,9oO
6*76
3d week of Nov. (7 4 roads) 7,648.32 I 8,224,145 deo.556,222
4th week o f Nov. (74 roads) 9,199,6 47 l ‘ >,563,370 d e l,"6 1,223 10*07
1st week o f Deo. (69 roads) 6,786,531 7,8 15,753 d c l , 0 ‘ 9 .2 2 / 13*06
2d week of Dee. (73 roads) 6,837,539 7,804 281 dee,916,752 11*75
3d week o f Dee, (66 roads) 6,657,855 7,511,399 deo,833,544 11*71
4th week o f Dec. (71 roads) 8,565,543 10,303,716 d e l,738,173 16*87
1894.
1893.
1st w eek o f Jan. (70 roads) 5,469,160 6.380,107 dee.910,947 14-23
?d week o f Jan. (72 r ia ls) 5,809.383 6 .4 -5 .4 6 6 deo 6 76,078 10*42
3d week o f Jan. (.9 roads) 3,616,096 3,972,638 deo.326,542
8*2*2
Latest Gross Earnings by Weeks.—The latest weekly
Net Earnings Monthly to Latest Dates.—The table fo l
earning7 in top foregoing are separately summed up as follows; lowing shows the net earnings reported this week. A f u l l
For the t ird week of January our preliminary statement detailed statement, including all roads from which monthly
covers 29 roads and shows 8*22 per cent loss in the aggregate. returns can be obtained, is given once a month in th e s e
columns, and the latest statement of this kind will be found
Increase. Decret se.
3d week o f Jan*ary.
1894.
1893.
in the C h r o n i c l e of January 20, 1894. The nest will a p
p e a r in the issue of February 17.
9
$
S
$
Balt. & Ohio Southwest*
B rooklyn Elevated..........
Buffalo Roeh. & PiuaDX
Canadian P acific...... . ...
Ghesapealre & Ohio.........
Chieafio M ilw.& Ki. Pam
CM eayo& W est Michigan
D e n v e r * RJo Grande*.Detroit Latis’g & Nortk’n
G eorgia............................ .
Grand Trunk o f Canada..
In tern l & Gt. Nertb’ u ...
Kanawha <fe Michigan—
Kan. City Sub. Belt —
Bake Erie <sz w*-*i*u*n —
Louisville & N ashriilo...
Louisville N, A. a Chic
Mo. Kansas & Texas ....
N. Y. Ontario & Western
B io Grande W estern..- .
8t, Louis Southwestern..
Toledo <Se Ohio o n i r u l . ..
T oledo^ t. L. <&Kan.City
W abash............................ .
Wheeling & Lake E rie ..
Total t29 roadR> . . . . .
Net decrease (8 22 p. c.
112,160
3 5,330
51,370
313,000
176,413
4 9 8 ,-7 1
23,993
13 5,-00
16,242
16,31 J
307,329
76,141
5,4 >4
3,224
51 ,OS2
376,810
4 %737
176,743
74,135
165,6cb
4.30,000
57,153
31.400
86.000
139,535
21,043
Ir ,573
201,600
13,146
3,640,096
—
125,499
41,241
48,704
324,000
169,910
615,261
30,466
161.900
20,271
30,678
325,*24!)
78.973
5,202
3,823
51,396
38*,770
43.064
8 *,478
163,319
485,000
55.556
33,900
84,7- 0
131,606
31,774
32,296
229,600
20,129
3,972,638
. . . ------
2,666
....
6,503
....... .....
202
. „ „ ........
67123,868
1,319
1 ,5 9 1
1,3 JO
7,929
13,339
2,911
11,000
..
116 587
6,473
46,000
4,029
14,365
17,920
2,833
599
3,861
11,900
14,343
55,000
2,509
10.731
13,723
28.nOO
1,983
51,557
378,099
326,542
* Includes O h io # Mia-iseippi.
Our final state ui-ot of earnings for the second week of
January covers 73 roads and shows a loss of 10*48 per cent.
I d week o f January.
Previously rap’d 38 r’dsi
At«h. Toy. & Bantu Fe-8t. Louis 3? 8au Fr^u .
Chicago & Grand Tiuult..
Chic. Peoria »fe 61. Louis.
Cleve. Cin. Chic. i H i a . .
Current liiver............ ...
Dot*. Gr. Haven <6 .viilw..
Duluth 8 , 8 . A Atlantic..
Evansv. (te Indianapolis
Evansville a KiehuiouJ .
Evansv. & Tern*. H aute..
Flint A Fere Marquette..
Intorocennio (M en.)........
Kansas City A B eatrice..
1894.
$
4.061,172
522,283
135,336
55,307
21,072
211,209
1,448
15,340
2 2,5 s 7
100,455
5,335
1,409
22,085
37,939
40,996
283
1893.
9
4,195,158
678.467
144,144
64,538
23.810
205.9 43
1,694
18,313
30,167
109,399
7,300
1,432
20,886
45,434
42,296
362
Increase.
S
106,983
8,266
............
i , ’i 7y
Decrease
S
540,674
156,184
8 ,8 0 1
9,231
2,738
,-----Gross Earnings.----- >.-----Eet Earnings.----->
1893.
1892.
1893.
1892.
Roads.
$
58.555
55,014
224,813
171
Allegheny V alley— Dae.
877,027 1.033,694
636,696
Jau. 1 to Dec. 3 1 ___ 2,438
42,842
,251,563
72.030
Buff. R. & P itts ...b ..D e e .
922,853
1 04,266 1,036,715
Jau. 1 to Dec. 31___
492,887
532,550
,63s,242
July 1 to Deo. 3 1 ___
291,618
859.441 1,330,399
Cilia M.& St.Pa,ul.a.D ec.
080.209 11,4*28,380 11,826,132
Jan. 1 to Dec. 3 1 ___
7,174,758
6,572,655
,533,065
July 1 to Dec. 3 1 ___
21,034
22.672
Clev.Akron & C ol.b..N ov,
81,668
398,088
300.209
279.038
Cle v. Cm. C. &S t. L. a .. Dec.
Jan. 1 to Dec. 31___J
894,074 3,360.989 3,914,984
996,120 1,773,510 2,116,799
July 1 to Dee. 3 1 ___
3,386
3,768
5,956
Eureka Springs.......Nov.
37,462
39,832
73,390
Jan. 1 to Nov. 3 0 ___
21,987
19,885
47,358
Ft.Worth & Rio G r..N ov .
106,494
103,352
351,762
Jau. 1 to Nov. 3 0 ___
128,996
107,851
293,530
254,818
L. Erie & W est’n.,b.N ov .
Jan. 1 to Nov. 30 . . . 3,236,381 3,2 42,313 1,339,050 1,462,165
45,433
139,737
59,398
118,519
N. Y. Bus. JcW est.b Dee.
764.542
797,633
Jan. 1 to Dee. 3 1 ___ 1,782,908 1 ,7 13,912
Penn, (east P. & E .).D ec. 5,302,845 5,931,923 1,715.155 1,530,676
Jan. 1 to Dee. 3 1 ....6 6 ,3 7 5 ,2 2 1 68,841,342 19,379,207 20,022,484
Lines w est P. & E . Deo,
Dee. 707,392
D ec. 225,512
Jan. 1 to Dec. 3 1 ....
D e e .l,227,187
D ec. 349,752
57.4S2
St.L. A. & T . H .b ..-N o v .
119,093
141.017
46,733
603,199
Jan. 1 to Nov. 3 0 .... 1,423,482
1 ,383,013 601,268
103,064
Sav. Fla. & W est....N ov .
299,664
2*6,043 153,603
Wabash, b ...................Deo.
987,602
1.151,958 110,480
236,905
Jan. 1 to Deo. 31....13,750,1.5:1 14.163,446 3,043.947 3,373,997
2,023,816
July 1 to Dec. 3 1 .... 7,216,103
7,666,386 1 ,6 a4,926
27,942
Western M aryland..D ec.
82.233
91,274
22,4*27
439.149
Jan. 1 to Dec. 3 1 . . . . 1,201.507
1,151,131 402,099
91,214
Oct. 1 to Dee. 3 1 ....
271,572
266,412
92,741
a Net earnings hare given are after deducting taxes,
b Net earnings here given are before deducting taxes.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
246 also report charges for interest, &c., with the surplus or deficit
2,1)67
7.580 above or below those charges.
8,914
1,966
23
7,495
1,300
79
r-ln U r’ l, rentals, & c.-*, ■Sal. o f Net Earns.-*
1893,
1892.
Iff
1893.
1892.
Roads.
$
$
$
$
42,650
171,106
Olev.Ci n. Chic. & S t. L . Dec. .236,388
226.982
409,850
788,345
July 1 to D ec. 3 1 .... 1,363,660 1,328,455
52,881
75,056
Lake Erie & W est’n..N ov.
54,970
53,940
Jan, 1 to Nov, 3 0 ...,
595,630 681,140
7 43A'30
881,026
THE CHRONICLE,
.Ja n u a r y 37, 1SM.J
ANNUAL REPORTS.
Delaware Lackawanna & Western Railroad.
( F a r th e y e a r e n d in g D e c , 31 , 1S93.J
The annual report of this company coasts is of a brief income
account and balance sheet, issued in circular form, aad the
statement of earnings and expenses, the income account and
the general balance, for four years past, has been compiled for
the GHKOSICLK as aelow :
KlRNISIJS AND EXPENSE*.
1890.
$
1891.
$
1892,
S
1893.
8
Gross rec'pts all sources.40,688,615 41,849,751 46.233,283 48,790,973
Operating expenses.........32,499,859 33,894.391 37,781.830 >
Betterments, equip., t u
240,019
131,474
4 0 4 ,5 4 0 , 4 o o o , o , .
Total expens.•».............. 32,739,878 31,010,065 39.246,420 40.537.572
S e t receipts...................... 7,919,767 7,833,699 7 ,0 7 9 * 0 3 8,233,401
INCOME ACCOUNT,
1890.
9
1991.
S
1892.
8
Set receipt*........................7.918.767 7.833.699 7,979,863
Interest and rentals...........52329,194 5,418.223 5,336,406
1993.
.9
8.253.401
5.3«o,tyo
Balance, staple.*............2,6 2 0 ,2 7 ) 2.415,463 2.613,457 2.992,911
Dividend* (7 pee-eenw.
t.334,090 1,834,900 1,834,003 1 .8 )4.0 00
Balance after d h Mend*. 785,273
581,463
779,457
1,058,911
The rep rt shows that 11*04 per cent vras earned on the
stock in 1893, against 9 68 in 1892, 9 21 per cent in 1891, 10 in
1880 and 8 20 in 1889.
OKNKKVL BAIAXCE DEC. 31.
1890.
1891.
1992.
1993.
tw n *
S
*
9
Hoad, building*. crimpw ent, coal lands. Ac .34,804.615 34,804,648134,804,646 3 1,340,522
Stock* and bomis ow ned,
cost ................................. 8,789,440 8,829.908 9.418.531 9,519,6=9
Set cash and cur. fleets.. '117.203 *654,209 •341,783 *1,715,039
Materials, fuel, i e ....... 1,738.237 1,712,228 1.652.516 1,661.506
T o U i.......... .................45,419,586 16,03! .Oil* 16,210,506 47 ,269 .11'
LwbiUUt* —
Stock
.......................... 26,200,000 26.200,000 26,200.000 26,200,0C0
Sanded d e b t.......... .......... .1,667,000 3,667,000 3,0673 0 0 3,007,000
Surplus »cc nnt.........
.15.7623586 16,181,049 18.943,500 16,002.118
Total lia b ilitie s........ 45,110.546 46,031,019 40,210.500 17 .2 6 9 .ile
•Set balance o f »*.*<*(* over liabilities.
T h e state inf*tit o f ite m * o n b o t h sid e s o f t h e a c c o u n t w h ic h
g o to m a k e a n t h e a b o v e “ <i**t c » n a n d c u r r e n t a c c u n n u " o f
*1,'745,439 in 1808 an d tKM«ftS8 iu 1832 art* a* f o l l o w * :
18921893.
A rrnnnlM receivable at/dilate# ;
S
*
C a « b »n li* u d ............. i ...................................... 1.150.513
1,130,221
Coal on hand fle w 'b a n market v a ln o _____ .1 .» « .'.) - i
1,542,810
Advance* to leased read *.
...................... 1,926.600
l .i i . r.082
Advatto** on « » » ( to b* deliVep-il.
______,1,806.978
1.615,071
Coal bill* aw l aondrjr aewmnta d u e ....................1.993d>92
1,864.73 7
Sundry aeitaont* t e -.tlvable................... ............ 944.144
.'>02.173
T ota l.......... .........................
9,189,248
frees ocean n o payable, eis,: —
Past-dor dividend*. Interest and rentals.. . . . . 139,212
DeL h. at W, <Hv, parable Jam, '!«3 and *91___ 440,400
Rental* payable alter January 1........................ 1,857,962
State tax*, payable after Janaary I..........
. 410.017
Itf rembee p ay-noli*, uayardelu January........ 841,91*7
Bond* and m o n «».a c i.......... ..................... ........ 213,71!
Virndhefsd sura, ml payable after January 1...2 ,1 4 4 .7 5 7
sundry tsthva*.! a -■o i a t - ...................................2.PJ J J jio
8,309,190
129,1.8?
45-.30V
1,657, *76
5 1 2,og0
j'6
211,741
1 V iv a d t
8*0,000
T otal......................................................................•-.H.-.I.i?',
Bshutoo o f account* nteelvabb* . . . . . . . . . . . . . . . 334,783
0.561,55 i
1,7*5,636
177
Petersburg Railroad.
/'For the year ending June 80, 1898.)
The report of the President, Mr. Warren Q, Elliott, says
that the percentage of operating expenses to gross receipts
was 80-9 per cent. The property of the company has been
kept and maintained in good condiiion. At the last session
of the North Carolina Legislature, an act was passed entitled
■'an act to amend an act ratified the 9 h day of March, 1891,”
Ac., and this extends the charter of this company in North
Carolina for the period of sixty years from the date of ratifi
cation of that act.
The report of General Manager K>aly savs that on Septem
ber it], 1833, a contract was made with the Seaboard Air Line,
which secured the business with Petersburg, Richmond and
the rail lines north of Richmond. In accordance with the
terms of that ciotract the Seaboard Air Line on May 8, 1893,
inaugurated a daily through passenger train service between
Washington and Atlanta, G i,. via Richmond, Petersburg and
Weldon.
It has been ascertained that at a small cost th» maximum
grades of the road—excepting grades through Petersburg—
can be changed to conform to those south of Weldon. In
structions have been given to make this improvement as early
as possible.
Earnings for the fiscal years ending Jane 30 w ere as follows :
1*91-92.
1892-93.
Gross earnings.............................. . .............. $426, HO
$518,030
Operating e x p e n s e s ................... ................... 8 9 -.7 4 0
334,024
S e t e a r n in g s .................. ..................................... $233,720
$211,006
Sew Central Coal Company o f Maryland.
( F o r th e y e a r e n d i n g D e c e m b e r S I , 1 S 9 3 .J
The report o f this company in circular form gives the fol
lowing statistics:
Cast mine.I la 1893................................................................. 223.503 ton*.
I.axl miu.i.l in 1892 ....................
.. ..................................201,428 tons.
.........- ........................................... .............. 22,075 tons.
INCOME ACCOUNT.
Ettminge—
30. 1- ' H- n a i .u c c to credit o f coal a cco u n t...................... $535,388
t»e<. 30, IsliJ—fo a l on hand..........................................................
10,553
Total .............................................................................................. $545,011
Deduel—
Amount paid for railroad freight*. mining, office and shipping
expenses ............ ........................... .............................................. 505,597
Set earning* for the rear 1-93. ........................... ................. $40,344
Balance to credit o f profit and lo-s account One 3 1 ,1 8 9 2 ___$2 L l,ot)l
D ed n ct—
Dividend paid Pet,. 8 ,1 8 9 3 ,............... ........................ $50,000
<Tut! gc-I to personal property account. A c .................
6,035
0,205
coun ted to sundry accoun t*..........................................
Total.......................................................................... .
,45()■-
Set earning.- for the, year 1393.......................................................
T ota l.............................. .
UAtetMCK sneer
Heal estate m ount.05.000.000
Account* receivable.
40,344
......... ............................................... $188,288
Amt*.
Personal property ueof.
Person ii prop at.N'.Y
Coni on hand.......... ........
c,i»ii..................
lull* receivable ............
63,140
$147,921
04,23*
t.«0 0
10.553
81,731
5.0*i*
dec. 31,
1893,
|
r.itibilUicx.
ICapital stock..................$5,000,000
i tC -"ltk -il accounts.......
Dividends unpaid ____
1 Balance to credit of
profit aud lo t s ...............
1
23,302
0,989
188,266
54.969 1
Total **■.<•!«* ............... $5,217,557 | Total liabilities...........$0,217,557
American District Telegraph.
f For the year ending Dec. 31, ISOS.)
At the annual meeting of the stockholders of the American
District Telegraph Co., held on Thursday, the* report of Presi
* 9 f wbicb 01,062,310 tin* t m paid sluoe f lose of year.
dent Eckert was submitted. It makes the following exhibit
for the year ending December 81,1893:
Capital stock i - u**d, $S,H44,7tXI; capital stock in company’s
Philadelphia W ilmington & Baltimore,
treasury, §155,8s 0; total, $4,000,000,
( F o r th e y e a r e n d in g O ct. .?/,
Cosh surplus Dec. 81, 1*03. §59,814; gross earnings year
Ti is road is leased to the Pennsylvania Railroad and its ending Dec. 81. 1898, §840,708.
operation!! for the year were as follow*:
Expense*—Operating, §531,007; construction and line repair*. §18,60*!—§55t),0®. Net revenue from general service,
EARNINGS A S P t s r t ) « n
T.*0: mi-cellsincous r w ipts. dividend* and interest, $13,1969-99,
1900.91.
1991-92. 1822 03.
390; total net revenue, §115,190 : total surplus. §175,004 : divi
C a r ..:,,,,,
f
0
6
8
Srvttb*............................... 2,®01.799 3,253.069 1.024,713 4 ,4551,018 dend* paid, $184.06-7 : surplus December 81,1993, $40,953.
Faaseawer ........................... 3,2203372 3,316,310 4,58*1.710 1.133,712
The statement compares with the previous year as follows:
MNuetUneOSH .......... .......
537,710
026.01 S»
T a ta !.............................6,820,377 7JP4JW 9
C c p M W * ............. .............5.230,175 5,703,122
S et causing? ............
.14*70.202 1,901,970
823,373
7,274,175
3.162,827
f*CC»3fr. AiXOtf$T
J989-30,
18:51-92
1890-01,
#
*
|*rl c*#rata|p* .....,
.1.570,202 1,001,870 2.162,827
OtMp f | B e r n a i ' i .* 120,000 ■450.5!*3 263,193
Tarsi........................ 1,690.207 2,161,409 2,115,620
ms lonlii.......... .. 220,000 236,003
254.580
tMknvat «n eat tFMR* and
55.108
rent*
87,160
. 30.522
Beiitit.1*__ __________ _ . m o.m ?
615,110 85 4,-0 5
131,763
KifriMir'llnarr exp* ti*p« - 113 i
!3>,*7I
101,315
Tm m »n*l inlawManxau*. . 94.811
101.788
I#(Vl44*LlJ*.
. 709.1 frO 827,854 997,351
Totii........... ............ .1*492*122 1.907.812 2,399,001
J * * § f s » ! d * .... ... . 198,080
103.027
305,829
8* 5.37.)
1893.
1892.
rue.
Dec.
S609.3S5
.........
$19,552
0,7*.8.001 Gross reven u e...................$649,793
.......... 550,003
033,738
........
83,735
7,214,592 JiipeBMu..............
$65,607
$J4,IS3
.........
2,653,400 Net earnings....................... $99,700
The stocks and tjonds in the company’s treasury consist of
70u shares stock A. IX T. (Jo.. Baltimore, par value §5, §3,600;
1892-93.
1.700 shares sto k District Telegraph Co,. B. si on, par value
2,•’.43.409 $25, 314.000 ; 25 1 shares stock A. D. T. Co.. Cleveland, par
405,094 value $20. $5,000 ; 1,730 shares stock Holmes Electric Protec
3,05!t, 403 tive Cii. par value, §100, $175,000; 10 collateral trust bonds
W. U. f, Co., par value $1,000, $10,000. Total, *287,500.
219,973
Total number <>f miles of wire iu operation are 1.888}^;
101,688 offices in operation, 05 ; instruments in operation, 29,888;
1.179,713 average number of employes, not including construction and
88,219 messenger force. 85; messengers, 1,288; messenger calls
111,100 (including collection of telegrams), 3,800,875; telegrams de
886,451
livered. 4,7-54.081 ; circular department deliveries, 3,835,348.
Among other things President Eckert says in his annual re
2,815,213
441,190 port;
178
THE CHRONICLE.
"Considering the great and general depression in business
and the policy of curtailment of all necessary appliances for
maintaining commercial and domestic establishments during
the rear, we feel that you are to be congratulated that no
greater loss than about 7 per cent of the gross earnings from
the previous year has been sustained; while this loss has been
offset by a curtailment of expenses of more than 13 per cent,
producing a percentage of profit the largest of any year of the
past ten.”
.
The following directors were elected: J. W. Clendennm, 1J.
N. Crouse, E. R. Chapman, E. A. Drake, Thos. T. Eckert,
Geo. J. Gould, H. L. Hotchkiss, John G. Moore, Walter G.
Oakrnan, John F, Patterson, Thos, C, Platt, Henry K. Sheldon,
Chas. A. Tinker.
G E N E R A L IN V E S T M E N T
NEW S.
American Sugar.—In Philadelphia, JaD, 19, was begun
the argument in the sugar trust case before Judge Butler in
the United States Circuit Court. This is a suit in equity
brought bv the United States to restrain the American Sugar.
Rt fining Company, the E. C. Knight Company, the Spreckels
Sugar Refining Company, the Franklin Sugar Refining Com
pany and the Delaware Sugar House, all Philadelphia cor
porations, and John E, Searles, Jr,, of New York, from con
tinuing in an alleged unlawful combination.
The United States Attorney, in his argument, contended
that the combination was unlawful in that it constituted a
monopoly and prevented general competition on an equal basis.
This line of argument was based largely upon the opinion of
Judge Barrett, of New York, in the case of The People vs.
the North River Sugar Refining Company, in which it was
held that corporations had no right to enter into a partner
ship which would prevent competition.
The Ameiican Sugar Refining Company, in its answer, ad
mits purchasing the stock of the four defendant corporations,
but avers that each contract was a wholly distinct transaction
and denies the violation of any act of Congress. It also denies
that it controls the production and price of refined sugar; that
there was any unlawful scheme; than their purpose was to
limit the production or restrain trade, or that any refineries
had been stopped or dismantled. It further submits that if
the transactions in question are covered by the statute, such
statute is unconstitutional.
In his argument Asst. U. S. District-Attorney Ralston said:
"The only independent refineries remaining in the United
States are the Henderson, of New Orleans; the Cunningham,
of Texas; the Revere, of Boston, and the Mollenhauer, of
Brooklyn. The total capacity of all these is about three thou
sand five hundred barrels a day, or a little more than one-half
the capacity of the Spreckels refinery alone.”
Cape Pear & Yadkin Valley.—A Post dispatch from Raleigh,
N. C., January 25, said that the North State Improvement
Company of Greensboro, N. C., which went into the hands of
a receiver last Saturday, is the same thing as the Cape Fear &
Yadkin Valley Railroad, mention of whose contemplated sale
to an English syndicate has been made in previous despatches.
John W , Fries, of Salem, N. C., was appointed receiver.
Chicago & Northern P a cific.— The Simmons com
mittee gives notice that upwards of $7,650,000 of the bonds
having been deposited with the United States Trust Co.,
the agreement of Di e. 5tb, 1893, is now operative. Application
has been made to the New York Stock Exchange for listing
the certificates of deposit. Bondholders are urged to
strengthen the committee by further deposit of bonds.
I'oeur D’Alene Railway & Navigation Co.—Messrs. W.
J. Quinlan, of the Cnemical Bank and M. L. Scudder, of 23
William Street, are acting as a committee for the general first
mortgage bondholders.
Edison Electric Light Co.—Judge Ricks of the United
States Circuit Court in Ohio has rendered a decision in the
suit of the Edison Electric Light Company agaiDst the Buck
eye Electric Company, li lding that the Edison Incandescent
Lamp patent expired on November 10th of last year, when the
English patent tor the same invention expired.” He holds in
substance that the correction of the patent made by the patent
office at the request of the Edison Company, limiting the
American patent to the term of the English patent, constitu
ted a dedication to the public of the remainder of the term of
the American patent after the English patent expired. Coun
sel for the General Electric Company is reported as saying
that his company will appeal the case at once and he does not
believe that the courts will sustain Judge Ricks. The Edison
claim is that the British patent did not limit, the American
patent and that Judge Snipman so decided two weeks ago in
the Novak case.
Indianapolis Decatur Springfield.—A re-sale of this rail
road has been ordered. An order for a sale was entered last
May and a bid of $2,410,000 was offered on behalf of the reor
ganization committee. A first payment of $50,000 was made,
but- the committee has since defaulted on its payments.
Kentucky Union.—At Louisville, Ky., Judge Barr has made
a decision in the United States Court which it is supposed will
result in the early sale of the Kentucky Union Railroad. The
Judge overruled the motion for a suspension of decree of sale.
This puts it m the pow er of the first mortgage, bondholders
represented by J. Kennedy Tod & Co. of New” York, to make
the sale within not less than thirty days.
[V O h . L Y Ilb
Laclede Gas.—The annual meeting of the Liclede Gas
Company was held recently iu St. Louis. The net earnings
for the year were $762,785 as against $380,099 in 1892 and
$582,460 in 1891. It is stated that the company has expended
in the past three years on the improvement of plant and ex
tensions about $800,000.
Long Island Traction Company.—Notice is given that the
stockholders of this company of record of the 30th inst. will
be entitled to subscribe for $2,500,000 of the first consolidated
mortgage five per cent gold bonds of the Brooklyn Queens
County & Suburban Railroad Company (which has acquired
all the property and franchises of the Broadway Railroad
Company of Brooklyn, the Broadway Ferry & Metropolitan
Avenue Railroad Company and the Jamaica & Brooklyn
Company).
New York & New England.—On the 24th Judge Wallace
appointed Thomas O. Platt and Marsden J. Perry (of Provi
dence, R. I.) as permanent receivers of the New York & New
England Railroad Company, They were required to file in
the office of the Clerk of the Circuit Court a band of $100,000
each.
New York Stock Exchange—New Securities 1 isfed.—The
Governing Committee of the Stock Exchange have listed the
following securities :
N ew Y o r k S u sq u e h a n n a * W e s t e r n R a i l r o a d — $2,400 000 pre
ferred stock, making total amount listed $12,735,800. This additional
stock has been issued to secure control o f the new Wilkesbarre &
Eastern Railroad by means o f operating traffic contracts,
P it t s b u r g M c K e e sp o r t * Y o u g h io g h e n v R a il r o a d C o m p a n y (Me
Keesport & B elle Vernon Railroad).—$600,000 first m ortgage 6 per
cent gold bonds ot 1918.
New York Lake Erie & Western.—A letter sent to the Erie
directors by prominent bankers suggests that the plan should
lie changed so as to place the fixed charges witbin the present
earning capacity of the system, also that the bondholders
should be given some equivalent for the interest they sur
render, The bondholders also think that they should have
some voice in the management of the road, so as to have
some control over the expenditure of the money derived from
the sale of additional issues of securities under the proposed
enlargement of the present mortgage indebtedness. No copy
of this letter has been made public, but among those signing
it are said to be representatives of Hallgarten Sc Co., Vermilye & Co., August Belmont & Co. and Harriman & Co.
New Yor« Susquehanna & Western.—This company has be
gun the operation of its new terminal line from Wilkesbarre to
Stroudsburg, Pa. It is sixty-five miles long and enters the
anthracite coai region. The eastern terminal, which is being
built for the Susquehanna by the Hudson River Railway &
Terminal Company on the Hudson River opposite 100th Street
running through a tunnel under the Palisades, will probably
be completed in the spring.
Northern Adirondack.—Mr. Alex. Munn, of the Produce
Exchange, has been appointed receiver of this railroad by
Justice Landon, sitting in Brooklyn, The appointment was
made in the suit of the Franklin Trust Company of Brooklyn
as trustee of the bondholders of the road to foreclose a mort
gage of $420,000.
The Northern Adirondack Railroad has no connection with
the Adirondack & St. Lawrence Road built by Dr. W. Seward
Webb and now operated by the New York Central. The
Northern Adirondack runs from Moira to Tupper Lake in the
Adirondacks, about 56 miles.
Northern Pacific.—The matters of personal controversy
between the present management and the former manage
ment of this company are of less interest to the public than
the facts pertaining to the property itself. The Ives suit has
come up for hearing in Milwaukee.
Niagara Fails Power Co —The press dispatches from
Niagara Falls Jan. 25 give an account of the first practical
test of the hydraulic tunnel which has been under construc
tion for the past three years. The report says;
When the gates were raised at the entrance to the feeder
'ending from the big hydraulic canal to the wheel pit of the
Niagara Falls Paper Co.’s mill, the waters of the upper river
rushed through their newly-found channel to the wheelhouse, wheie they poured down the penstock ofthepiat,
buge__iron structure thirteen feat in diameter, for a distance
of 155 feet, then striking in an upward direction three of
the largest turbine wheels ever built, and thence passing into
the big tunnel and flowing out under the city to the river be
low the falls, nearly two miles distant from the point of the fall.
This test shows what many thousands have been waiting to
see, a practical demonstration of the great scheme for har
nessing the terrific power of the Niagara, a scheme which has
already cost nearly $4,000,000. The paper mill, which is the
first to get the benefit of the power, is the largest of its kind
in the world. Its contract calls for 6,600 horse power, onehalf of which is being used now, and the cost, including the
lease of the land occupied by the mill, is $8 per horse power
per year for twenty-four hours a day, the cheapest, it is said,
ever obtained. The test proved a satisfactory one, and the
mill is now in full operation. The hydraulic“tunnel, with a
capacity of 120,000 horse power, is a success, and now there
remains only the opening of the general power house, where
5,000 horse-poWer turbines will operate 5,000 horse-power
electric generators for the transmission of power in this form.
This opening will take place on June 1, and it is intended to
give the event a celebration, at which distinguished savants,
engineers and State officials will be present.
J a n c a b y 27, 1894.]
THE CHRONICLE,
Philadelphia k Reading—Philadelphia Beading & New
England.—The Philadelphia papers report that there was a
consultation between lawyers representing the various inter
ests in the Reading Railroad, and, after a full and careful
examination of the guarantee made hr the Reading Railroad
o f the bonds of the Poughkeepsie Bridge, it was determined
that any negotiations for a settlement or compromise should
be terminated. They claim that it is doubtful if the Reading
Railroad can be held”upon its guarantee o f these bonds, and
if it can. the Reading would not have any liability until after
the interest on all the income preference bauds was first
satisfied. In view of these facts, the receivers of the Reading
feel that they are not justified in making any arrangement
until after the P. & R road has developed a capacity of earning
the interest on the tnc »me bonds. The report says that the reor
ganization o f the Reading will go on without regard to
the Poughkeepsie Bridge bonds.
179
Trust Companies of New York and Brooklyn.—The semi
annual reports of these companies for the six months ending
Deo 31, 1893, have been made to tne Banking Department at
Albany.
Most o f the reports were given in last week’s
C h r o n i c l e on pages 12S, 129. &o.. and those below have been
filed since that issue went to press.
ATLANTIC TRUST COMPANY.
J is w im
/w a r 30,1803. Off. 31,1*93.
Bonds and m ortgages *369.000
$367,000
Stock investment* (market value).
448,450
445,200
A mount loaned on collateral#.........................
4,409,258
4,873,060
<
136
Cash oil hand. ................................................... )
„ o o ,7
Cash on deposit................................................... \
a-8,93 7
( 825,735
Other assets........................................................
56,167
59,778
Total...............................................................
$5,809,812
$8,570,959
$500,000
500,000
$500,000
500,000
L ia b ilities.
Capital stock paid i n .........................................
Surplus fu nd................
305,351
158.27S
Pittsburg k Western.—The item published last week was Undivided profit*.............................................
209,420
201,046
Deposits in trust.
incorrect. The statement in regard to issuing bonds was General
5,190.134
deposits, payable on demand..........
4,274.287
given quite positively and in detail m one of the Wail Street Other liabilities.................................................
20,801
.......
*“
21,501
papers ami the Chronicle repeated it after endeavoring to
Total............................................................... $5,809,812
$6,570,959
verify the report from an officii! of the B. & O. Company.
S'lipplcmeniury.
.i m*t of debt * gu n ri» t’d and liability thereon
None.
None.
Richmond & Danville.—The committee representing the Total
amount of interest and profits re
Richmond & Danville floating debt creditor* received assur
ceived last six m o n th s........ ........................
-$118,042
$181,280
*53.092
68,461
ance* from the Richmond Terminal Reorgaaiaatton Commit Amt (it tot, credited depositor*, same period
21,285
*30,711
at the institution, same period —
tee that the guarantee syndicate which underwrote the plan Expense,*
Dtvs ilstda red on capital stork, same period.
3 1,000
* 00,000
last spring has not been aoandooe 1. and is consider* i bv tbs Am*t o f deposit# on which tut’st is aUtstved. 3,850.263
5,O li,232
committee to be in fall fame. The committee tint m -nucmed Rats* o f interest on sam e..................................
2 to 4
....... .
also received assurance* that the Rcorganixitton Committee
FARM ERS’ LOAN & TRUST COMPANY.
never intended to repudiate the DuivilJe floating debt a d has
AV.wiuv-*.
always intended to provide for the same.
June 30,1893. Dec. 31, ’ 93.
$353,800
Bond#
and
m
ortgage*.........
............................
$102,800
Richmond k West Point Term inal.—Receiver O.iktmn i Stork t«vestm ents (market value).................
4.5 90,110
5,629,462
gives notice that, under the orders ami decrees o f the Circuit i '
t:
■., , ■ ■■
____ ______ 1 *,333,0*6
10,893,287
Coart of the Unite! spare* for the Southern District o f New I Amount loaned on personal securities......... 1,584,712
1,848,250
1,000,000
1,000,01k)
York, in th» case of William P. Clyde and other* again*! the j Real estate (estim ated value).................. .
i 2,004,848
Richmond Terminal Co., he will, on Feb 6, 181M. at the Ex t
e
S
d
V
A
.
«•' *«•«» l 11.099,973
change Salesroom, 111 Broadway, New York, offer for rale at ! Other M e e t s ........... ' .........................................
372,209
312,460
pubiig auction divers stocks, bond*, judgments, claim-, and
$32,504,618 $31,010,060
Total...............................
cho«>3 in action belonging to the raid Terminal Company and I
/. Kkblittta.
ordered to be sold. The terra* of *u<-h rate and a list of the j Capital stock p aid in ..... .
$1,000,000
$1,000,000
4,240,259
property to be sold m aybe obtained by application at hi* Surphi* fund ..................................... .............. 4,199,4 S5
Dcpnsiis In trust ................................................ 27,171.61*
28,667,122
office, 8) Broadway, New York.
Other llablllllr*...................................................
140,657
132,679
T barter, Whyland Company.- The report o f the receivers
Total.
.......................................................
* 3 9 ,6 0 4 .6 1 8
$34,010,060
made to the Chancellor of New Jersey t,* dated January 22.
S t tp jti r m c n t n r y .
None.
They state that immediately upon their appointment (Nov, H, Ain’ t o f debt* guar, and liability thereon ..
None.
1893' they took into their possession the property and a--»-i* Total amount o f Interest anti profits re
ceived
last
*1*
iium
lti*................................
$813,872
$1,572,895
o f the corporation, and caused an inventory to be made of the Amount o f Interest paid tn and credited
goods and merchandise on hand. The total value of the same
depositor*, same period
•739,957
399,085
90,814
was $611 ,278. The amount* doe the campaOTfor goods and Expense* o f Institution, seme i*-rlml..........
*191.426
Diva,
declared
oft
capita)
w
ork,
raise
period
150,000
'300,000
merchandise theretofore *»td and other accounts receivable Ain’ t o f deposit* on which tni'at i* sh ow ed. 24,738,444
23,700,988
aggregated the sum of $1,440.276. The accounts are very uu- Kate o f interest on sam e..................................
1 to 5
nieroua, amounting to about fifteen thousand separate ac
LONG ISLAND LOAN & TRUST COMPANY (BROOKLYN.)
count*. and it is therefore impracticable at thu time to give a
K rtm urtt*.
detailed list of She same, or form art accurate estimate of the
June SO. 1993. Dec, 31.1893.
amount which will he realised therefrom. There were also [tend* and m ortgage*........ .........
$366,300
$386,300
1,315,220
$28,923 of bills receivable, believed to be worth very nearly StockbmmtUMUit* (market v a lu e ;................. 1,199,540
1,653,437
A
mount
loan*
i
an
voilaterAis
............
2,02
ft
,198
their face value. The receivers »l*« received certain bonds Amount loaned on persona! reeariiies.........
116,200
121.500
and mortgage* amounting to $7,486. of which some $5.(sm Realeatnt«<e*ttmated
n o.ooo
v»liu-> .......................
lti'.ooo
318,421
are good and collectible. The books show that (he company Ossh on hand an-l uo deposit
-. ............
253,721
34,375
U
n
i
i
f
t
M
S
I
s
..................................................................
.
.
.
3
7
.
9
4
6
is possessed of teal estate which cost the company $78.‘.M5, the
most of which was taken for debts, hut the meet vers believe
$3,963,959
T o t a l . . . . . . . . .........
*4,117,205
the coet is largely to excess o f it* real value. There were va
I m i M U I is *
$500,000
$ 5 0 0 ,0 0 0
capital M is'll- p a i d I n ......................................................
rious other assets o f uncertain value.
397,041
profit* .........
295,003
The books show the indebtedness of the corporation to he Undivided
402,495
89,424
Deposit* In trust .................... ........... ...............
$9*5.M». a part of which ha* been secured by assignments of General deposit*, parable on demand ....... 3,209.519
2,706,279
58.144
33,261
accounts receivable, which are included in tb« amount of Other liabilities.....................
assets above given. There are other liabilities of the company,
$3,963,959
T o t a l.......................................................... *1,117.205
mretly contingent, arising out o f unfulfilled contracts and the
SupfbuuM tarv.
endorsement o f bills receivable, which the receivers believe Ain't o f debt* so a r , and liability thereon.
N one.
None,
Total am ount o f Interest and profits re
will not exceed $75,000.
*$194,885
ceived i a « t * u month * ................. ..........
$101,941
The reorganisation committee of the Thurber, Whviand Com- Amount o f Interest paid t« and credited
ny announces that the holders of more than two-thirds of
deiwreiter* same p erio d ,....... ......................
•81,801
41.593
*23.129
12,230
th the preferred and common stock of that company have E x p e n s e * o f hi-tttntlon. same p e r i o d , .........
D l> » . l i e e l i r e I lit! 1,1 p i t a l s t o c k , s e m e p e r i o d
20.000
*40,000
assented to the plan of reorganization, and that upon the re A i n 't o f d e j m s U s o n -w h ic h l a t ’ « t I * a l l o w e d . 3.257,890
3,102,660
quest of a number of stockholder* an extension of time in Kate o f interest o n **nie__________ ____ _
11# to 3ftj
which to make the payments required by the plan and for
NEW YORK G U ARAN TY A INDEM NITY COMPANY.
signing the reorganisation agreement and depositing stock
Resources.
thereunder with the Manhattan Trust Company has been ex
Jm1*30,1893, Dcc.31.1893.
tended to February 16. The Hun rays: “ It is stated that a Bends and m nnnage* ........................
*60,000
*81.146
8,902,661
number of large holders of the stock who were not in favor of Meek Investments ‘ murker v a lu e ) ................ 4.163,806
4,994,143
Amount
loaned
on
collateral*.............
..
.......
6.061,659
the plan when it was first proposed have gi ven it their su p- Amount loaned « n personal secu rities,. . . . .
577,sa
546,414
port. A strong argument with the shareholders ha* been an Real estate (estimated v alu e,.........................
103,028
lt) 3.029
4,002,919
1,551.326
analysis and estimate of the value of the assets, showing them Cash on baud and on d ep osit..................
Other
asset*
......
Ml.ttoT
86,986
to he worth at least SO per cent more to a going concern than
T otal.......... .......................................................$12,336,541 $137808,291
they would bring at forced rale should the easiness be wound
l.mhHUw-t.
up. The reorganisation ha#' progressed to a point that war Capital stock paid In ...... ...................
$ 2, 000,000
. . . $2,000,000
1,000,000
rant* the Statement that the new capital required by the suc tktntua fund. . .......... .......................... .........
) ,600,000
436,236
109,535
cessor comp my baa been secured, and that the management Undivided p r o f it s .................... .........................
2,031.080
Deposits in trust.................................................
1,647,101
will be placed in the hand* of a strong board of directors."
8,255,160
Oeueral deposit* partible on dem and.......... .
8,649,275
85,805
830,330
Halted New Jersey R tUroad Jt Canal Co—PentHjIr.inla.— Other liabilities..................................................
T o ta l......... .......................................................$12,530,541 $13,803,291
Negotiations between the Pennsylvania Railroad and Spever
H upplrm entanj.
k Co. have been closed for the sale o( $5,615,000 United New Total am ount o f interest in id profit# ro$560,699
*$756,359
rcivi'd last sis months...................................
Jersey Railroad & Canal Company 1 per cent first mortgage
ot interest, paid to and credited
fiO-year gold bonds, Thrse bond* are Issued by the United Amount
*246.531
1 3 8 .5 5 0
depositor* same period..................................
New Jersey Railroad & Canal Co, under its general mortgage Expenses of the Institution same period ---*109.104
48,127
* 110,000
of !* ?!, tinder which hood# have been Issued at various dates, Dividends d ecla red ........ .................................
9,336,187
and this issue will take up an equal amount of sterling and Amt. deposit# on which interest Is allowed. 8,081,443
lftitoS
l*a to 4
Rate o f m terw l on sam e...........................
dollar S per cent bonds maturing March 1 and Oct. I of this
year.
* For the full year 1893.
K
180
THE CHRONICLE.
NEW YORK LIFE INSURANCE * TRUST COMPANY.
Resources.
June. 30,1893. Dec. 31.1893.
$2,481,234
Bonds and m oru ra g es.................................
$2,895,909
7.496,508
8 took hiveslinents tmarket value)........ .
0,309,045
5,885,700
A m ount loaned on collatorals.......................
7,901,550
7,565,910
Amount loaned on pc~aoi al securities....... 5 ,9 i o ,l 2 i
4 8 ‘ ,000
B eal estate (estimated value)............... .........
485,000
35,250
Cask on band........ ......................... ..................> 2,825,075 i
) 2,986.860
Cask oil d e p o s it .............
..... .........s
572,675
Other a ssets.......................... ............. .............
599,997
T o t a l ...............
$26,987,297
Liabilities.
Capital stock paid in ...........................
$ 1,000,000
Surplus fu nd......................
2,244,799
t'p.iiivided protits................................................
l.'\SOi)
Deposits in trust________ ____ . . . . . . ___ . . . . . 22,052,037
Other liabilities.............................. ..............
l .614,661
T otal...................
$26,987,297
Supplemenlartj.
Total amount o f interest and profits re
ceived last six months...................................
$656,863
Amount of interest paid to and credited
370,452
depositors, same p e r io d ..............................
Expenses o f institution, same period_____
43,848
Id vs. declared on capital stock, same period
150,000
Ain't o f deposits on which int’st is allowed. 22,052,036
Rata o f interest on same........................ . . . . .
$27,509,137
$
1 , 000,000
2,207.228
37.968
22,663,114
1,600,827
$27,509,137
*$1,265,001
701,256
‘ 98.848
300.000
22, ,663,13 4
1 to 5
UNITED STATES MORTGAGE COMPANY OF NEW YORK CITY.
Resources,
June 30 .189 3. Dec. 31,1993.
Bonds and m ortg a g e s...,................................
$961,275
$1,4^8,369
S t o c k invest incuts.................
153,737
762,636
A m ount loaned on collaterals.......... .
2,131.663
2,675,758
Am ount loaned on personal securities........
377,296
46,293
Real estate (esiimated value)...................... .
69,250
69.250
Cash on band aud on deposit.........................
240.088
1,372,316
Other assets ..................................
17,964
65,0b 6
Total..........................................................
$3,951,273
$6,429,708
$ 2, 000,000
$ 2 , 000,000
..............................
................
............
196,962
1,195,186
5,847
201,498
3,028,214
564,659
T ° t a l .................................................. .........
$3,951,273
$6,429,708
$102,524
4,509
38,487
*$280,394
*25,561
*83,359
*60,000
3,121,040
2 to 4
Capital stock paid in
Surplus fund
.......
Undivided profits___
Deposits in trust.___
General deposits.......
Other liabilities........
Liabilities.
.........................
.............................
....................
Supplementary.
A m ount o f profits during the sis m o o th s...
Bit. credited depositors during same period.
Expenses o f Institution same period..^.___
Dividends during same period............. .
Atnr. o f deposits on which int. is allow ed..
R ate o f interest................................................
500,000
53,638
1,330,932
600.000
3-\337
UNITED STATES TRUST COMPANY.
Resources.
a
J?m e30,1893. Dec. 31,1893.
Ronds and m ortgages................................. . . $ 2,537,500
$2,853,500
Stock investments (market v a lu e).................
8,319,175
10, i 06,965
A m ount loaned on collaterals
.............
2 6 ,124,3 to
23,524,088
Am ount loaned on personal securities.........
6,825,252
7,768,505
Resu estate (estimated value).........................
1,000.000
1 , 000 .00 0
Oagk........ v ....................................................
2.237.478
5,561,679
Other assets .............
475,235
499,431
T o ta l- ............................................................ $17,518,9S0 $51,314,168
^
,
Liabilities.
Capital stock paid i n .................................
$2,000,000
$2,000,000
Surplus fu r u l-........................
8 ,322,621
8,706,406
Undivided profits............ ................................ .
2] 9,815
•< i,: 71
Deposits in t r u s t ............................ .
- 35 S78 438
39,144,612
Other lia b ilitie s....................................................... ROO^IOS
1,158,576
T ota l..............- - - - - .............................
$47,518,930
Supplementary.
A in’t o f debts guar’d and liability tliercori_.
None.
Total amount o f interest and profits r e
ceived last 6 m onths..............................
$1 248 195
Am ount o f interest paid to and credited d e
positors, same period.....................................
5S0.2R3
Expenses o f institution, same p e rio d ..........
66,173
» ? ’ ae «1&W'd on capital stock, same period
320,000
Am t, o f deposits on which interest is allow ed 35,242,268
Rate o f interest on sam e.............................
$51,314,168
None.
*$2,408,753
*1,014,530
* 126,126
*640,000
38,728,970
1 to 4
* F or the fu ll year 1893.
Bank and Trust Company Elections in New York City.—
The following directors have recently been elected for differ
ent ba n k s, and trust companies in New York City and Brooklyn. These are published in addition to the list given in pre
vious issues, on pages 82 and 130,
r
•Wm8 X ? TOPr;;4C.Ii
D irectors: A. L. Ashman, Alfred 0. Barnes,
Y m . FT. Beadiestou. M. C. D. Borden, John Daniel 1, Jr.. Thomas W
W e f n ? L' ,n m e -U eorse p Johnson, Joseph J. Little, Charles
M cLonghlin, Effingham Maynard, Win. A. Nash, Horace Russell, F A
Tainted® * V , hw>
8cllndbke. Theodore E. Smith and Charles N.'
J o h n T Perttlnl Caslher S' Prosldent; F r“ CI8 L ’
Vice-President;
S'
FOURTEENTH STREET B A N K .-D ire cto rs: F. W. Kinsman Jr
Morris E. Stmiie. Clias. Schneider, Chas. P. Rogers. Daniel B. H alst-ad’
Frederick 8. Howit'd, F. A. O. Schwarz, Richard I. Brewster, Caspar
8 ^ BVPhi llpa ? 1.0" ' ’ Ko^ ,1'1
N- Forti’
n - Heirahurg. Albert
\VimJm' *' k s ' Mnwlx/ ' Thomas E. Davies and Thomas McManus
Jil, i nrrA8 ? lri ! n7 President; Rufus M, Stivers, V ice-PresidentAlbert II. Gale, Cashier; William O, Bryant, Assistant Cashier
’
NASSAU TRUST CO. (BROOKLYN)—Trustees: William Dick A D
F *w d Wim7JlS
Tuttli'. John Truslow, Ditmas Jewell,’
K W. w u n ler, B eroaid Peters, Wm. E Horwill, H enry Seibert A n
W bee Ineb, Wm. F. Garrison. John T. Willets, Chas 1 1 Russell. John
Iv o l , r a n ,
g lu e ( £ m m n e r d r d J i m e s .
COMMERCIAL
EPITOME.
F rid ay
N ig h t ,
Jan. 2 6 ,1 8 9 4 .
No changes of importance have taken place in general busi
ness during the week. Speculative dealing in leading com
modities has been conducted with caution, the line o f operalions involving principally such as appeared necessary for the
protection of outstanding engagements. In handling sup
plies of merchandise for ordinary trade purposes, buyers ad
hered closely to the policy of taking nothing beyond neces
sary assortments and addiiion to the line o f obligations was
moderate. Domestic spinners have failed to manifest the
interest in cotton that had previously been hoped for. Wheat
and flour secured o d I v ordinary routine demand on home ac
count and were indifferently handled by exporters, influences
under which values have remained easy. Corn has made
some improvement in consequence of diminished crop move
ment at primal markets. Other grains have encountered no
disturbing influence. Cured meats sold with less freedom
than during the preceding week. Intense cold reported in
the West aud Northwest it is believed has inflicted very little
injury to grain crop in consequence of the protection afforded
by a previous fall of snow.
L trd on the spot has met with a slow trade, but prices have
held fairly steady, closing at 7%c. for prime City, 8’10c. for
prime Western and 8’60c. for relined for the Continent. The
speculation in lard for future delivery at this market has
been dull and prices have made no changes of importance,
closing steady.
D A I L Y C L O S IN G T R I C E S O F L A R D F U T U R E S .
J a n u a r y ............. ............
F ebruary............ - ............
M ay........................ ............
Sat.
8-05
7-95
7 95
Mon.
845
8-05
8 00
Tues.
8*12
8-00
7*95
Wed.
800
8-00
7-90
lh u rs.
8*05
8*00
7*92
Prt*.
8-10
7 ’ 95
7 ’00
Pork has sold with a moderate degree of freedom at steadyprices, closing at $14 50@$lo for mess. $15 '7o,a$l6 for family,
§16@$17 50 for short clear and $13 75@§14 for extra prime.
Cut meats have not attracted much attention but prices are
unchanged at lX @ S ^ c. for pickled bellies, 12@10 lbs av.,
6%c. for pickled shoulders and 9%@9%c. for pickled hams.
Beef is quiet but steady at S8 50,® $9 for mess, §9@$12 for
packet, §12@$14 for family and $30®,$23 for extra India mess.
Beef hams are steady at $L7. Tallow ha3 declined, closing
with sales at at^e. Lard stearine is dull and quoted nomi
nally unchanged at 9c, Oleo-stearine has been firm but
quiet at 8c. Cotton seed oil has sold freely at the South for
shipment to the West, but the local market has been quiet
and prices have weakened a trifle to 30c. for prime crude
and 34%c. for piime yellow. Butter is moderately active and'
steady for choice at 17@28c. for creamery. Cheese is in
limited export demand and steady at 9@12%c. for State fac
tory full cream. Fresh eggs have advanced hut the close was
dull and weak at 16^@17c. for choice Western.
Coffee has generally sold slowly and fell away in value, but
the decline did not attract demand in consequence of previous
free deliveries to jobbers. Bio quoted at ll% o . for No. 7,
good Cucuta at 21{®21J£c. and interior Pa dang at 23}^@24J^c.
Contracts for future delivery were lightly dealt in and de
clined under some effort of holders to realize on long engage
ments.
At the close conditions are quiet and somewhat
nominal. The following are the final asking prices :
Jan................... 16-70c.
F eb....................16-300.
M ob.................. 16 05c.
A p r.................... 15-80e.
M ay................. 15-650.
J u n e ................. 15-50c.
J u ly ....................15-20e’
A ug.....................15’OOc’
S e p t ...................14-800’
Baw sugars have been more active, with available supplies
taken up closely at strengthening rates. Centrifugal quoted
at 3c, for 96 deg. test and muscovado at 2 ll-16c. for 89 deg.
test. Betined have been very dull and prices lower, closing
unsettled ; granulated quoted at 4 o-16c. Molasses weak and
neglected ; rice and teas steady; spices unsettled.
There has been a trifle more activity to the trading in the
market for Kentucky tobacco and prices have been steady.
Sales 250 hhds., mainly for export. Seed leaf tobacco has sold
slowly, but values have held steadv. Sales for the week were
900 cases as follows : 200 cases 1890 crop, Pennsylvania Hav
ana, on private terms; 150 cases 1892 crop, Pennsylvania
Havana, ll@ 1 3 e ,; 150 cases 1892 crop, Zimmer’s, ll@14c.
100 cases 1892 crop, State Havana, 9 jl 5 c . ; 150 cases 1892
crop, Wisconsin Havana, 6@10c,; 50 cases 1891 crop, Wiscon
sin Havana, %%c., and 100 cases sundries, 5%@30c ; also 450
bales Havana at 80c.@$l 10 and 200 Sumatra at $.2 80@$4 20.
No business lias been transacted in the speculative market
for Straits tin during the past week and prices have been
without change, closing steady at 20’10c. Ingot copper isdull and unchanged, closing steady at 9 85c. for Lake. Lead
has advanced a trifle and the close was steady at 8*20c. for
domestic. Spelter has also advanced, closing steady at 3’60c.
for domestic. Pig iron is dull and unchanged at $U@$14 for
domestic.
Betined petroleum is uncharged at 5’15c, in bbls., 2*65c. in
bulk and 6 25c. in cases ; crude m bbls. is quiet, Washington
closing at 6c. in bbls. and 3;50e. in bulk ; naphtha, 5Vc.
Crude certificates have been quiet, closing steady with buyers
at 80c. Spirits turpentine has been quiet but steady, closing
at 30JU@81c. Rosin has been quiet, but prices Cave advanced,
and the cUose was steady at $1 10@$1 ljjjf for common and
good btrained. Wool is moderately active and steady. Hops
are dull and weak '
THE CHRONICLE.
J i.v ri.B Y 27, 1S94.]
C O T T O N .
F k i d a y N ight . January 26, 1894.
T h e M o v e m e n t o f t h e C r o p , as indicated b y our telegrams
from the South to-a>gbt, is given below. For the week ending
this evening the total receipts have reached 154,352 bales,
against 159,§17 bales last week and 134313 bales the previous
week: making the total rereipU since the 1st o f Sept., 1893
4.797.014 bales, against 3.9'0,908 bales for the same period of
sKAariwnfan
,*i«nn Qnn«- i
ike . „
H ew Orleans.
M obile . . . , . . . . .
•F lorida,...,.
Savannah. . .
J
Receipts ai— 1 <
6nS/, | iron. ] r « « . | r«d.
8,(Ss
i,.0os:
—*..i
5,143'
i ....... j
O sjiriegfon .... i 2,83b
Pt- B o ja l,
•• t
5911
Wmh9tcmt £&&. ....... j
2,583
Wm% Feint*.
#38|
SFport H., Jre, — *•*j
How Y o r k .......
1,295;
B o s to n . . . . . . . . .
lie;
B altim ore
•...... j
PMladefp!Fa&«
4,332
S.5’27
2,708;
—!
5,533
2*630
2.S33
4,875
1Q3‘3
Thurt.
d id 1 1 • i
•f>*.
3,068
57#
322;
202;
295;
3991
...j
......1
*1
1.301 4,650,
803;
6091 l,334i
1,1 id. i.68«;
88lj
m 4 1,016
....... i ......1 2,78 ll
•J30 1,23) 1.600 1,200
630
460,
177,
*40,
84 1.192
1,327;
........i
31
2811 ...... *;
53'
71)
Stew O rleans...
Oalveston.........
Saraim ah....... .
19,6 ->0 Charles t o t - . . .
obile___ ____
408 M
N orfolk ............
53,873 Hew Y o r k ......
6,851 Other p ort . . . .
2,388
5
11,379
6,47!
1,781
7,034
2,548
1,32 J
436
The follow ing show s the week’s total receipts, the total since
Sept. 1. 1893. ami the stork to-night, com pare 1 with last rear.
0alw#ten ,
Yeia#-©®, A©
Hew Ofleaaa
kXoWm.. . . . . .
FiarUtM_____
SmfBOMMh 4,.!
Br'wtek.nx
Cfearte«to«.., f
It Itifai.ji,WUmimmou,. j'
Wmih’uf #©|
Moftoilc ..
Wmt M a i
Ifp't JMkej
H#w Y
Jan. 26 at—
Total.
TotTs this week 2 lM 4sj 28,215 83,65 a 24,966 lt»,ys! 32,38# 154,352
Rieetfilg i»$
Jam* 26.
In addition to above exports, our telegrams to-night alsogive us the follow ing amounts o f cotton on shipboard, not
cleared, at the ports named. W e add similar figures fo r
New \ ork. w hich are prepared for our special use by Messrs.
Lambert & Barrows, 24 Beaver Street.
l
1,182
408
13/263; 7,174 9,328 6,088
1,427
084'
274 1.343
......j
14 Is
141
5,637f 6,213! 4,146 3 053 29,700
. ..... ;i
2,331 2,3? 4
1,195 1,2-40; —
........1 7.963
1993. *4.
1992.93.
Mmk,
mis Mace tkp’;, HW#. ;Mace Sep, |
Week. 1,1893, | Week, j l, 1893. j l i t 4. ; 1803.
*»2.I2S‘ IS.fKlI 879.636 141*050 los 803
40S
$0,0571
30.859)
073
1,585
53,873 J.ui-.lPt 31.801 1.167.7110 355,441 357.084
i*K,— .a*J
3§, 70 i
141
0*%, 25.413
»9,79c: 312,143 5.92B 044,640
87.949
f,3S4
a vsoil
904, 127*652
1,000
10,7$f
395.430 1*204 24#.$56! 73,701
45,000
47,339
3241
221-s* 177,0ta
310; 459.703
17.993
7, f i t
ai
477;
m oj
ii,t79;; 3t0,245's 4,011 gnl.uTS
63,672' 4%47*
«v4Tl| 192,373
010 471.587 * €,23 :i;
8,187
l,7fl| 44*107
147;
15/16*1
10,631
5§5
7.0SI;
514
231 674' w m & M
2,51*
d i j i i j 1,737
50*171! &MMKH $# 000
1,327; 5|*,i37j
it)#; 33,817: 2i,.441
39,42#
30,637; l 4 t l ;
iTjltd17.042
11*960
54.3‘-2 ,797,04 4 71.7#i’> ;ftm % om 1, 121.707 l.otsu 151
181
Great
Britain. y m n "
20,797
25,860
3,000
11,500
3,700
19,600
9,800
21,000
Total 1 8 9 4 ... 1 U ,2 o7
Total 1 8 9 3 ...
T otal 1 8 9 2 ...
Leaving
Stock.
rJ X n
Coast
wise.
Total.
17,558 23.716
5,349 10.096
None.
6,000
None.
,s.3J0
None, None.
None.
2.S00
350
5,100
None. la.iHtO
151
4,135
3.000
400
Hone.
3.000
Houe.
Hone.
62,225
41,4 29
12,000
20,700
3,700
28,100
15,850
40,00 i ]
23,256
75.50 i
10,639
75,007 21,104 ?7,76n
80,403 36,98.5 76 303
293,220
100,521
75.949
53,003
38,680
38,572
236.124
64,989
220.704
901,053
8 053 i 152,024
8,313 1 202,6 i l
907,127
1,057,160
Speculation in cotton for future delivery at this market was
of irregular character and conducted under a feeling o f m uch
perplexity. Disappointment was encountered in the general
moderation of foreign demand and the very indifferent atti
tude toward the market on the part of dom estic spinners.
Operators have also found it difficult to reconcile the full
movement o f supplies reported from day to day w ith pre
vious advices of rapid c o p exhaustion, and the etfect was to
curtail the m aking o f new contracts and induce the settleui-iiE o f :• great many outstanding engagements. On Satur
day the market opened weak and last ~ $ 8 points under un
promising foreign ml vices and continued selling o at by the
bulls, but the supply becoming exhausted there was less pres
sure at the close. On Monday, however, renewed offer
ings were encountered which broke
the
value line
l o g t l points before disposed of, but fin a lly a sharp
reaction fully restored prices, .stimulated by evidences that
shorts were becom ing nervous. A slight advance marked
the opening o f business on Tuesday, hut it failed to secure
permanent -n pj* trt, and at the close there was a net loss for
the lav of 4 points, Wednesday was somewhat irregular but
tu the main buoyant, in consequence of small offerings follow m g the previous lm utdstion o f long interest ami an increased
desire to cover short engagements, prices g lin in g i d . t l l
fwints net, Btmiiar condition* prevailed yesterday, but after
an advance o f !3 psinu buyers became less anxious and the
gain wa* reducisj to 2 * 3 points net. Today there was an incunation among both shorts and longs to settle scattering en
gagements. and the market closed without further important
change in rattle. C.»t!..-i ..n ti,.• 1. ..........
■_ .
I»r. cli»in g at 8 l-18e, for midillicg uplands.
The tot »1 sale* for forward delivery for the week arc 1,109.100
b o - ! For toi l, lint i -hv ry tb total s s l « hx>bup th itw eek
*'w ®
induling — for export, 99J for consum ption,
— for *p - ,-ulatjoa and 7.G on c .straet. T;i •following are
V........ M** quotithms for , -U d ry of the p u t week—
Jm m w t
io J i n u t r f SC.
K»t"s on and off middling, at e>uM isliel N iv,'22 by the
H-*vi»! n CommiUM 3' " bit i igr %l *4 >nhH *b%
n mihUitki
f f^ r
m m $ n n m n w i y b e m v l » w it h o t h e r y e a n , w
m • / be
w m rnm
g ty e bH*»w t h e t>taU a t Ifrv lin ag p o rts f o r s ix n Nisons.
fxir ....... .....
*
i*
i OrTNafr. .«». ..***, I 5# off.
Mmmpfa m-*~ ■ %g&$,
1S33. j 1802., j I W l* I IsSHX | $£$$,
HMtfUn-i W'Me.
,
i <*>*>! '4 *1 HtUtf ixidrX O . ,.
Brea..
".iimiii'ifi.,
,««***
Utriei 0m A HUdiiax.,.
% oo* 'l9frt#| Mi 1lling 8<a*o#4..
Calva#
20,4*2* 19$52| 23,234; m» 4 8 / 2 0 3 ! 3 12.312
9|*i« *i
„„
**# mu, I Mi 1
7i# C»tl*
H«w O ffse t 53,873' 31.8 11 51.158
Btrici L ' r
«a ; Htrldt !✓ ## Mi4. 9s*iUD L,
^*1on.
07.0.14
61*323
■
4 5 J44 b©w si* ma4 , 4i
Mobil#*
X% off.
ftjigttj
W
"Jfk j bi a Mi i4U8g 3Ml81i.
I ,l 7 l l
2.928
fl.357j
6*582
9 M '■
I* •*4 QpUmcf.
4*ni m
29.790
5,93'*
14/1071 29.401
17,002.
13.026
0,1
b x m tk§ pncM t m a Cm* o f tbs g n i n sv-> iki be as
CbartoMk*
7,90,4:'
4,204
4 ,t 0 If 12,190:
4,563
i ,§ 5 l foil© *'«!.
Wtisn«m,ae
W »S{
m il
1,019
4,077
4,285s
1.758
Korf'.ik ,,...
14,379' 1 t -6 U
5,7 U ; 24,486,
19,034
CfFL48r<Mk
9 a l . i t M i T i i r * W* I T h . F r l .
12,099
W. Point,*!!
76
4
*,572
41,165
20,91!
*£*
an iHK,r-s.
9W,* 6 ^ 6%
13370'
r .m i
6‘4I«!
t ija ij
10.SJ41 23,516? 23-281 B*»w 4M U iii| ....... . ...
7*. i % i 7»*
MrWliaif . . . . . . . .
Tot. this V* m .
7 1 -,,. 7 ' ,
74,709 I30,607j 135,103; 154.203 135,35 4 9 *w { ’T 11lilssjc • ...1 .
S ms SB*
■ S*« si,* SI,,
S’*
k-4 | s ’*
s , «V
SS,
61., S**,.
B1c.'«_ger«. 1 4797 O t r a n t o 90*1 5 4 47,3 in 3 7 0 1 0 5 9
*47*387
Total#
OCtrP,
O f'm A ' f f c S * '•'«•«.-h'Mng this evening reach a total
to
bU|
tT j°,f.'!rh,ch, " ■ 4k5 '*r,'r” to Great Britain. JJ,59J GcnmI fJriiiojiry , , *
to France w l 46,11 , to the rest o f the Continent Below ar.. l./»«r HMUU&mjt. ...
*
!
■ ,r M» weakaaI tin •Ssotembor i. i
Week
*
IBern* irpst, I* DSWL
f
. Bcp****':
* v«w *« 7
4«i4
VM
*gM
| :I ygrwfj |
MJttPm
BWmtg
*#*'<***( I
Jmm,. wk
j»Hrwf ********j «mul ? HM. j f*4Wnt (Frwiisr. mm.
fjMteI
1*39*I liM#4{ 9-Xiw]
’ftitommk Asw.. | .*
H
------- -----| $M*r| $mh?
If##
. . I m « t #Idjor*!I */*»|
I t fM t * P*t» „
*
*
J
**•
{
**%
%d .. . i ■**•■*** ttMS
„* .J
iaMw
XI4^89f t u r n
8#%®#
,I 4,1^4
u jm l %mm **, 5 •- n.aii
<Sh*#i«srt4»*^
|
STf,tTK
W$Mm 231.su
j ., 4. t
fl84AS| HiJVS
fc ffe fl
, S
I f jl i f
l"#I to.srs!
Wfti |*»**©■«,, *
.
j
t.tjs 71,7#
If'#"!
&*>’ 'f/ppa
-... . J i:m*
1W.480
■
Tor*. ,.J
f »i*|
tt&jm MMt\ lS8.Tr51 ®«vS»s
•“***»»|
2SU 1’W.liT
..... I
;
!KsI0mI «4sw|
it?,»is
Utmgi »'rn,Mcl
*,s»| te,i«i
Trtt*,
5
' ■ ■
. . .
. . ■ . i , ,< .. i
Tote!. i y » a* i w.«as/ ti^wnl i» i l l
* tlM0«>llr.« n s l Kryynl. ”
snlesi l > . l e>-vai».mi sis
s»o
' ' ---- ----------------------------
Mi*Miinsr ...
Gom\ MaltlliAX.,.
MklilMac r * ir
S a l.
STAtNCD.
t-w th tlH or,. .
M‘ I t t l n e ...................... ♦
strict Mi.littlnc............
<J »st MM Dinc Tilly.'.! —
non T oo
W ed
T li.
17
7I„ I 7
7*6^
7\
7**18] 7 U „ 1 73, | 7%
S bdi
■S*8 ■ 3 'i «
8 Ms
9 ’ i«
8*’ * : I**
S'*>»
»% ,
!t 9 *1* 1 *W|*
S a t. 71©* fl T ik *• \ V «d j T l i ,
.................
.................
• *••-«*...
P r l.
»•
93t*g
«*• 1 0 # ! 9* 1* 1
7b
78i i 7o»’ ; 7-99
"I* i
7 * U l 7****} | fri i 73t3,
; if,*-*) 7 * , ' 7
Hls« > 9-t|»
?# *
M VEKET AH0 SULKS.
f f o r iiJij|iCif
sale8or » p o t
Rr-
port*
9#tM aT. Otili a i !««
..
Mo»rl»|* Qttiti a-i >i« dee.
.........
WisIMar;
at I* * .
T&ne*B*f Mmmty m%% a4 r.
F riday..
T*W*#i4j»r
Total
xftb oosmucr*
■
?«.p. ;t*rr n trmt.
•
2**1
*37
* ;
....
. 8. ‘
380
**«4
094 ,..J
km
300
. „ ..
0.m
m
m
....
total.
s Sales of
: tu Hirer.
m; j
685
437
05
380
156,000
233,800
150,3 00
203,200
102,000
164,400
700 4,003 i,lO0,l«O
FCTcriusi are shown by the
following comprehensive table*
>4
a
5
4
£,
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Market, Sales and
Prices o f
FUTURES
Saturday, Jan. 20
Sales, to ta l.............
Prices paid (range)
Closing....................
Monday, Jan. 22
Sales, to ta l.........
Prices paid (range)
Closing...............
Tuesday, Jan. 2 3 Sales, total.........
Prices paid (range)
C losing...............
J?S ® s “ CuO
d’t*
* d
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Market,
Range and \-----------------Total Sales. \ January. | February. |
“ g..*j >§
«3.24<e g
Y «»' 08^
T ow ns.
A l a b a m a ...
A r k a n s a s ..
L ittle Book,
All) any,
A® ® g
a^s
.
° <D S I
d © 03 I
H rt «
d S d ci
a, biDas
rr> © q go
April.
G e o r g ia .. . .
it
it
tt
tt
' ft
d -g ©
© q -»
1 0 ®
i05 tr»©*
8« 188
it
it
M ontgomery
LouisYille,*
Shreveport,
Colmnbns,
CP d 0 „03
q
«©
© CC GO
o CD tH
o
1 © 3^
O ^ ^ 'o 'H H o o
0
-u
d rd
0 05 H.SJS'-a ■
d
CO
St. L o u is /
*
0
.2
a Charlotte,
CLHr
JS . § » 3 - i «
dq ©
3 g m ftS Cincinnati,
* £ :ifc
© r r
h ^_g bjoq Columbia,
^ 0) Xj q rg k ^ 5 .3 S N ew berry /
§ PiP. ". g ©
[>
rji
rrj
J
P
’
Memphis,
o o “ q rj
SbP
&3 b, q d bs N a sh v ille,
> . .
R 2 3
t> » o q Brenliam,
rtC-O d o n
H © °^ ft'd
H ouston,
L
©J ©
0 P
0
£ g *?” fci 0 <H H ®
S f
O
t^
O
1
Total, 31
d
1
>
O
H
CUOt
^
S .S o 8
D A IL Y
March.
0 ^
d
£ 5 = 2 -3
<d qq i » q
5 d | 5
S 3 8 -s
|S?
Kentucky.
L o u is i a n a ..
M is s i s s i p p i .
if
H
tt
ti
it
M is s o u r i . . .
N. C a r o l in a
tt
O h i o .............
S. C a r o l in a
It
T e n n e s se e .
t(
T e x a s .........
if
s«'g t |
FRIC E S A N D
May.
Movement to January 26, 1894.
Receipts.
Shipm’ts Stock
This
Since
This
week. Sept. 1,’ 93. week. Jan. 26.
s ® 2 ®
©™
§
2 s . i fl
dk
2 P . © ci
•ja «S^ p a oi g
pi.S
o ^ w*s
s .,2 ih ^ 'C g o
f-<
+J O T- +->p
4C l ««5 l« ®to fip - «. —
© p a> e O tjj OQ«*.<J3 to a
W
Jp
s « f S 'g ® s
v- ^ Ǥ cst* "s ss
§ g »3 fj J J J rtig o to flSffl q q
B S H gt> p J
!S 8 S
N S a g * -S 3
3 g s “ .g ,g g
1s S£.3'CT3U 25*g
B p .S
0o
§ ,2 ® g t l g
•u ^ © m
E n d ®
bp fish ’s
‘S ^ r | E
pj © .-q go
•H d SxH
d 3
2 “ TS'g
-P a) ® 0
§ £ d ’-1
SALES
June,
“
tow n s..........
OF FUTURES
July.
85
1,644
490
259
2,436
414
500
1,636
2,609
967
711
814
294
1,906
529
300
503
851
669
970
16,330
440
291
4,647
160
100
10,109
1,483
219
506
24,644
18,637
116,066
61,919
31,287
53,272
33,244
55,442
113,303
161,034
57,986
57,729
56,374
3,551
64,268
23,078
28,715
27,390
32,612
44,775
43,750
436,209
14,939
22,555
138,832
19,506
10,116
412,331
28,527
40,707
37,159
920,883
7 7,572 3,171,402
5,034
202
3,044 16,175
640 11,672
922
3,639
1,312 10,523
1,019
6,095
9,800
700
7,859
1,990
3,667 34,207
7 0 1 11,077
6,762
1,025
7,256
1,457
694
224
1.407 15,830
8,38o
720
3,400
1,700
566
937
7,846
669
1,750 12,793
1,825 15,762
15,959 57,313
140
400
2,145
296
4,397
6,027
.........
166
200
104
15,799 130,728
1,492
1,838
4,489
300
321
2,281
23,371 26,241
Movement 1o J"anuary~27,™1893.
Receipts.
Shipm’ ts Slock
This
This
Since
week. S ept 1 /9 2 . week. Jan. 27.
205
285
123
454
1,373
107
100
107
555
471
100
265
25
1,318
109
464
239
854
9C6
250
16,114
85
194
2,927
45
5,800
256
750
522
16 519
90,146 420,147 i 51,522
18,534
98,474
49,798
27,054
25,343
28,939
34,941
94,847
145,424
55,451
50,381
51,111
5,728
52,318
17,338
26,363
19,140
31.193
43,386
20,576
317,889
15,885
18,109
124,051
21.930
10,651
313,619
28,995
46,798
32,421
951,2X2
51
416
139
1,325
1.830
1,763
100
390
2,743
853
3,354
15,394
6,682
9,498
10,366
3,044
11,500
9,038
40,224
15,742
4,500
9,079
3,546
13,752
5,866
4,570
5,405
11,459
18,550
550
94,453
200
2,075
6,121
W M O-P D!
S ^ S 3 l
e s q - ' S5
S3 1,
sq O co % k
Poo
g g
<d -. x t © qrjg
^
OCo
q o ^ .2 -g J
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S
h
§
®
-2
«■“ §
d 'g t».? ^
— g 4^ g >>
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■2 a>-2 S 5
]q © _- to ^
d 'd o -q r-i co
d d r & Mq>
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-H>
©'£3
o fe?I ^ o - S g
rj ,<J5©
h © 0 5« © £ a s
rdo' g
d
' K l»
® ft.S
to Q5 <C “COh S
©^ © „
2da«
O tf. bl?© 1 ^ 2 S33 a
bed q >5
8 *
rr\rf1•*-> 3
125
320
© •CO
ad
t-»
•• t>
H
10,655 103,4 36
•s
1,683
701
1=3 S S - 800
5,200 q town ■3
1,707 -■q tn « 3 S S S I
719
p u p
26,801 lO flsiO q , q
19,304
•xa H b « ? S m
2,777,79& I 62,111 444,920
qj rd +3 ki«w
810
27
2,353
160
1,297
248
1,180
1,407
100
9,920
185
169
2,096
FOR EA CM MONTH.
August.
| September, i
A ver
7*6!> A ver.. 7*77 A v e r .. 7-85 A ver -. 7-93 A v e r .. 8-00 A v er .. 8*05 A v e r .. 8 -1 0 A ver
Lower.
A v e r ..
1,500
12,600
1,200
68,800
30,200
1,700 I
-10,000
151,000
7-68®
7-76 7-74® 7-81 7 -8 1 * 7-90 7-90® 7-97 7-97® 8 03 8*0A© 8*07 8-09® 8-10
7-68® S-10
8*03—
8*04
8 - 0 8 - 8-09
7 '6 3 - 7'64 7 -6 0 - 7-68 7 - 7 4 - 7 ’7o 7 - 8 2 - 7'83 7 - 9 0 - 7-91 7 - 9 7 - 7-98
Steady.
7-67 A V fi'.. 7-75 A v e r .. 7-84 A v e r .. 7-91 A v e r .. 7-96
7-58 Aver
Aver .. 7'55 A ver
Lower.
6,700
2,400
93.800
35.800
78,300
10,700
100
233,800
94® 8-02
7-55® 7-65 7-63® 7-74 7-71 a 7-82 7-80 a 7-90 7-88® 7-97 77 -5 5 a 8 ’06 7*55® —
80 2 - S-03
7
9
7
7
9
0
7-81
7-82
7
7
3
7-74
7-65
7-60
7 - 6 2 - 7-64
Higher,
A
v
e
r
..
7*97
A
v
e
r
..
8-02
A
v
e
r
.
7-8'
A
ver
..
7-80
A
ver
.
7-71
A
ver
.
7-63
Aver.. 7-601
Higher.
900
7.700
61.800
23.800
54,800
7,900
400
159,100
8*02 7-97® 8-06
7*58® 8-09 7-58® 7-aa. 7-60® 7-70 7-67 ® 7-79 7-76 a 7-87 7-83® 7-9- 7*92®
7
*
9
3
7*94
7 - 9 S - 8-00
7 -8 6 - 7-8'
7 -5 9 - 7-61 7 0 1 - 7-62 7 - 6 9 - 7-70 7‘7 7 - 7
Lower.
7-74 A ver .. 7-82 A ver .. 7-91 A v e r .. 7-97 A v e r .. 8-01
A v e r .. 7-69,A v e r ,. 7-65 A ver
Lower.
6,400
2,900
77,100
41,500
62,700
400 I
9,600
203,200
95® 8-11
7-89® 8-05 77-54® 7-74 7-63® 7-83 7-72® 7-91 7-81® 8-fl
7-51S 8-17 7-69® —
8
0
5
8-06
81 1 - 8-12
7-98
7-6
7-827-83
7-90
7-91
7 - 7 3 - 7-75, 7-7-1 7-73
Higher.
A
ver
8-03
A
v
e
r
.
8-10
A
v
e
r
..
7-82
A
ver
7-71
A
ver
,.
7-74
Unsettled, A v e r ..
Thursday, Jan. 2 5 1,200
7,000
83,400
20,200
61,500
roo I
14,300
192,600 !
Sales, total....... .
8*05
5 8-13
798®
8-11
Prices paid (range) 7-85 it 8-17; 7 68® 7-75 7 ’ 63 8 7-S0 7-7nit 7-88 7-84® 7-96 7-913 8 0
8--1 1
- 8-12
80
7
8
‘00
7-92
7-03
7
8
3
7*84
7-76
7*75
7-70
Easy.
j
7
-7
4
C losing....................
A v e r .. 8-10 A v er .. 8-13
Lower.
|A v e r..- ------- A v e r .. 7-78 A v e r .. 7-87 A v e r .. 7-95 A ver .
Friday, Jan. 26—
6,400
1,300
74,900
... i
12,400 I
52,400
13,800
164,400 !
Sales, to ta l..............
8-04® 8-13 8 - ia a 8-17
Prices paid (range) 7*72® 8’22 — « — I 7-72® 7-82.: 7-8l a 7-901 7 -£9® 7-99 7-98® 8-0
8
-0
4
8-05
8
0
9
- 8-10
7
9
7
7-9
7-73
7
7
3
7-74
7
8
1
7
8
2
7
8
9
7
’BO
Easy,
7*72
Closing...............
9,900
46,800
459.800
165.300
347,700
1,600
56,600
Total sales this week. 1,109,100
8-00
8-05
7-93
7'84
7-76
7-68
7-64
Average price, week.
65,200
47,000
293,000
2,301,200
1,451,400 I 5,804,400 1 1,131,700
Sales since Sep.1/03* 20,987,300 * 7,039,600
W ednesday,Jan.2-1Bales, to ta l..............
Prices paid (range)
Closing....................
03
QO
■§
© © © r- H *0
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Y
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05.O.OOWHrtH^5
THE CHRONICLE.
t Jantakv 27, 1894.]
yCOTATIOSS FOR MIDDLING COTTON AT OTHER M ARKETS.—
Below w e g iv e c lo s in g quotations* o f m id d lin g c o t t o n a t S o u t h era a n d o th e r p rin c ip a l c o t t o n m a r k e ts fo r e a c h d a y o f th e w e e k ,
CLOSING QUOTATIONS FOR M ID DLING COTTON ON—
Ja it, 26
Smur.
G uiveston...
No v Orleans
Mobile.
.
Savannah-Charleston.
Wilmington.
N orfolk.......
B o ston ........
Baltimore.
Philadelphia
A u xn s-.,.. ..
M em phis....
8t. L ou is___
Houston ...
C incinnati..
L ouisville...
7*«
? :* .
rx,
7^*
7%
7-h
7 :V
3
"st
3>,,
->H
7h
7»„
7*3
7~*
7 >4
Mem.
77. s
7*%
7H
7*1
7=s
7*4
7*-i
Ti-sa
7~s
7%
7*3
7\*
7*1
7k
7*3
rues.
Wednes.
Thnrs-
7%
7*u
7H
7k,
7%
7*»
7H
7%
7-s
8a
7%
77, *
7 * ,s
7%
7%
7*3
7hs
•telS
7%
7h
7A>
7H
IT
7 7*
Is It 8
,
7%
73*
7 h.
7‘ t*
7A
7*
75,8
7*%
7*4
7%
7\
7 *4
7%
7%
7H
7%
7%
7A 8
7'»1«
77a
_ s»j#
"% »*»
7%
7%
tb s
7H
7i*
7%
Shu
7*3
77,8
7%
739
7\
7hi
Fri.
i
The closing quotations to-day (Friday) at other important
Southern markets were aa follows.
A t la n t a .............
C olu m bus, < ;».
CoJiim buo.M lse
E u la u la .............
7-*1(
7%
7%,
7b
L ittle R o c k —
M on tg om ery ...
N a shville . . . . . .
N a tc h e z ............
74*
J
714*
7 * i«
.
N e w b e r r y .........
R a l e i g h .............
S elm a .................
S h re v e p o rt.......
7 >4
7*3
V‘ l«
Receipts from the P lantations.—The following table
in d ica te s t h e a c t u a l m o v e m e n t e a c h w e e k f r o m th e plantation a.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations o f that part of the crop winch
finally reaches the market through the outporta,
W mSi
| Rmipte at 1JU Parti. SI’* « ! Interior Towru. Rec’ptl from Ptint'm.
Bndmr1*9io ; isstt-es.tern-win#.**mt•:« u*k46jtsta-w , -cujMa-gt
Pee.
*
Jan.
“
t*...... c » u w l ! * ' . » : t <o i .s«ts
49...., t u . e i s t e & j M S x « U M h i m * U t f t A M i 9 3 . u e * a t . « a » | u « m *
t .... 2 i4 jt A s i » o & # 190,70s «s«uga»' r.ttte. mum i H M U M v t
u ...... m.',m ntjui m sis »si.o * iK.fM’isi.mjiixwiii w,»o
19...... M i l ' s * l H , J S i I o 9 . # i : '* ! » . 8 0 J 'l i S / n « ! « 3 S , ! S ! « , S I * i 98.7 t
«u m a u u «<*,*»
M t i sw*J to>n
t w .u i
iso . s io
t«s,»r
U W If
utM
The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1 in 1893 are .7.141,025 bales; in
1892-93 were 1,297,191 bale*; in 1891-93 were 5,947,881 bales.
2.—That although the receipts at the outport* the past w* ek
were 154,372 bales, the actual movement from plantation# was
141,778 twil.T, the balance being taken from the stocks at
the interior towns. Last year the receipts from th>- plantations
for the week were 70,017 bales and for 1892 thev were
100.933 bales.
Overland Movement for rue W eek and since S ett, l.—
We give below a statement showing the overland movement
for the week and since S -ptemtier 1. M 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 t t » more extended
monthly statement*. The result* for the w o k ending Jan. 26
and since Sept, t in the it at two years are as follows:
1893-94.
January 26.
Week.
Sines
Sept, l.
BMt ptd Via St. Los) a.................................
Via Cairo......................... .............
Via lia n m io ,* ..............................
VI#
Vi** Ijm \m\Ilf. . . . . . . . . . . . . . . . . .
V
I
#
. . . . . . ____ . . . . . . .
Via other rou te-, « o ...................
IS M *
"Y u
1 ,i t s
a,«> *
2 ,2 »t
Total grew** o v e rla n d ................
m tM s
172,702
IS, t o o
>'.0 . X
07.S12
• 9.M i
83.19J
1891-93
Wuk.
■
2,620
2 .in 7
•
2 ,s a t
711
I .is .’i
B.l.9’.*
3,233;
Sept. 1
Vit#.#3*
138,256
110,033
12,708
6*.,.2 u
UV,i>7»
8t7.355
22,032;
805,136
Overlana to S . Y „ B oston, B e ..
B«t wool Interior town* ............
[a lan d , A c., from South ............
n,3< *.
327
9<#y
1$0,601
ll>,«17
63,383
4.3*. 1
154 710
w .f lit
41,024
T otal to b# 4«d*set«S____ . . . . .
l a .t e i
t o t .e c o
__Leavtm ttotal nr 1 overla n d *..
I6.1V7
85 l,7 t 5
Pt&utt l b i w K -
m
212.071
16,e89
592,408
* iBolttding movement »>? r » it » Canada
The foregoing shown that toe week's net overland movement
this year has been 18.187 bales, against 16,688 bales for the
week in 1893, and that for the season to date the aggregate net
overland e x h i b i t s a dec r e a s e fr o m a r e a r a g o o f 40,710 ba les.
in $igm ema &pmn***'
Tmktng$,
1803-1*4
Wftk.
1892-93
S im t
Mept„ I . ; Wet*,
Rreelpi* at port# to Jas. 2 6 _____ 15 4.357 1,71*7,014
N*’ T.-,
•
: .
16.1*7 551.7»f.
•oathart* consumption to Jan. 2<> 11.00*1 355.000
Sines.
sept
71.7o9 3.980,108
10,898 582,466
13.00*
3.TI,900
Total m arketw l........................
1.703.790 101.457 4,606,373
ihteMor
to e n - - .* . . . . . . . . * 12,574 343.881
1.752 316,286
Dams turn oifht during weak. HJJ.965 .......... 99,705;
Total it. »Ivb* fan S!«..........
....... 6,047,780 ...... ,6.222,659
Nona's spHwor* tok’ga to Jao.26
....... 1,004,838
...... il,m,4C 8
' I k m i M ® S S # w « e k ......
H will be seen by the above that there has come into sight
during the week 168,965 bales, agonist 99.705 bales for ti e
same week of 1883, and that the increase in amount in sight
tonight m compared with last year is 825,121 bales.
183
W eather R eports by Teleg r aph .— Reports to us by
telegraph to-night denote that the weather has been decidedly
wintry over the greater portion of the Southwe-t the past
week the temperature falling close to zero in a number of
districts and reaching at Memphis the lowest point since 1886;
along the Gulf and in the Ailantic States, however, the
weather has been less severe. Rain has fallen in most local
ities but as a rule the precipitation has not been heavy. Snow
is reported in a few sections. The crop moveme nt continues
liberal.
Galveston, Texas.—We have had rain on three days of the
past week, the precipitation reaching one inch and thirteen
hundredths. The weather has been quite wintry. The ther
mometer has averaged 47, ranging from 24 to 70.
Palestine, Texas.—There has been rain on three days dur
ing the week, the precipitation being one inch and fifty-eight
hundredths. The weather has been very cold. The ther
mometer has ranged from 4 to 69, averaging 36.
Huntsville, Texas.—The weather has been severely cold.
Rain has fallen on one day of the week, to the extent of thirtyhundredths of an inch. The thermometer has averaged 40,
the highest being 70 and the lowest 10.
D a lla s , Texas.—W e have bad this week the first killing
weather of the winter, with ice and snow. It has rained on
four days of the week, the rainfall reaching one inch and
forty-two hundredths. Average thermometer 37, highest 72,
lowest 2.
San Antonio, Texas.—There have been showers on three
day* during tile week, the precipitation being fifty-six hun
dredths of an inch. The thermometer has averaged 43,
ranging from 16 to 70—very cold,
L u l t h ’j , Texas.—Rain has fallen on two days of the week
to t i . extent of thirty-six hundredths of an inch. There
t as l> en hnr J frost. The thermometer has ranged from 18 to
79. averaging 48.
Columbia, Texas.—W e have had showers on two days o f the
past week, the rainfall being thirty-four hundredths of an
hu h The weather has been freezing cold. Average thermnmt ter 47, highest "4, lowest 20.
f " to . Texas —There has been welcome rain on four days
of tin* week, it:..- j>r*cipirution reaching one inch and seventythree hundredths. The temperature has been very low. The
therommeti r has averaged 4s, the highest being 77 and the
lowest 18.
Branham, Texas. —We have had good rain on four days of
the week, tin precipitation reaching three inches and' one
hundredth, followed by very cold weather. The thermome
ter has av. raged 41, ranging from 13 to 70.
Belton. 7’*.((it.—Th- re has been rain during the week to the
extent of one inch and nine hundredths, on three dayB. The
thermometer has ranged from 12 to 75, averaging 48.
Fort Worth, Texas.—W e have had good rain on two days
during the w eek, the precipitation being ninety hundredths
of an un li, followed by a blizzard. Average thermometer 36,
highest 72, lowest I.
Wralherfor<l. Te.cas.—Rain has fallen on three days of the
we eb, the i r* eipituiion reaching one inch and one hundredth.
The wr ath# r ha< ire# n very cold. The thermometer has aver
aged •»>. the highest living 71 and the lowest 2.
iS’em Orleans, Louisiana.—We have had rain on three days
of the week, the precipitate«n reaching seventy-eight hun
dredths of an me *. file thermometer has averaged 55,
Shreveport, Louisiana,—It has rained on three days of the
week, the rainfall reaching one inch and fifty hundredths.
Tint thermometer has ranged from 13 to 69, averaging 46.
Columbus, Mississippi. —W s have had rain on two days
during tin* week, the precipitation reaching one inch and
thirty-nine hundredths of an inch. Weather very cold.
The thermometer has averaged 48, the highest being 76 and
the lowest 10.
Island, Mississippi,—The week’s rainfall has been two
inches and fifty hundredths. The thermometer has averaged
50, ranging from 12 to 78,
Little Rock, Arkansas.—There has been rain on four days
during the week, the precipitation reaching one inch and
ninety-six hundredths. The weather has been very cold since
rain ceased and snow has fallen on one night. Fruit proba
bly damaged. Average thermometer 38, highest 63 and
lowest ].
Helena, Arkansas.—W e have had heavy rain on two days
of the week, the last accompanied by high wind and light
snow, the precipitation being one inch and seventy-one hun
dredths. There are indications of more snow. The ther
mometer has averaged 87-6, the highest being 60 and the low
est 0.
Memphis, Tennessee. —The weather was pleasant until Tues
day niuht, but since then there has been sleet, snow and ex
tremely cold weather, the temperature dropping to a lower
point than at any time since 1886. The rainfall reached one
inch and fifty-seven hundredths of an inch. The thermometer
has averaged 40*8, rauging from 1 7 to 60-5.
Mobile, Alabama.—There has been rain on three days of
the week, the precipitation reaching one inch and fifty-three
hundredths. Average thermometer 53, highest 09 and low
est 23.
Montgomery, Alaalma.—There has been rain on one day
during the w#ek tie precipitation being forty-one hun-
THE CHRONICLE.
184
tlredlhs of an inch. The thermometer has averaged 50, the
highest being 61 and the lowest 40.
Selma, Alabama.—There has been rain during the week to
the extent of twenty hundredths of an inch on one day. The
thermometer has averaged 40, ranging from 18 to 70.
Madison, Florida.—Bain has fallen on three days of the
week to the extent of forty-five hundredths of an inch. The
thermometer has ranged from 43 to 73, averaging 02,
Savannah, Georgia.—Fie have had rain on four days of
the week to the extent of nineteen hundredths of an inch.
The thermometer has averaged 56, the highest being 72 and
the lowest 43.
Augusta, Georgia.—W e have had light rain on three davs
during the week, the precipitation being thirteen hundredths
of an inch. The thermometer has averaged 57, ranging from
34 to 70.
Columbus. Georgia.—The week’s rainfall has been eightyone hundredths of an inch on two days. Average thermome
ter 48, highest 59 and lowest 25.
Charleston, South Carolina.—Rain has fallen on four days
of the week, the precipitrtioa being sixty-six hundredths of
an inch. The thermometer has ranged from 3i to 72, aver
aging 54.
Stntebnrg. South Carolina —There has been light rain on
two days during the week, the precipitation reaching six hun
dredths of an inch, Average thermometer 50'2, highest 68
and lowest 37.
Wilson, North Carolina.—Rain has fallen on two days of
the week, the precipitation reaching forty-four hundredths of
an inch. The t hernsometer has averaged 45, the highest being
70 and the lowest 29.
The following statement we have also received by telegraph,
showing the height of the rivers at the poiuts named at
3 o’clock January 25, 1894, and January 26, 1893.
-New O rleans.........
M em phis. .............. ..A b o v e low-water m ark.
N ashville............... ..A b o v e low-water m ark.
Shreveport .......... ..A b o v e low-water m ark.
V icksbu rg„ . .......... . .A bove low-water mark.
Jan. 25, ’ 94 ■Ian. 26, ’ 93.
Feet.
Feet.
5*8
50
11*4
21
13-2
34
12
1**6
14*2
7*0
[V ol. LYI1I.
1892-93.
1893-94.
BH lbs.
Shirtings.
32» Oop.
Twist.
Do. 22
“ 29
Jan. 5
•* 12
“ 19
“ 26
d.
d.
6*3 0 7 3 Ig
6% 0 7 %
6«,o 0 7 %
61107*4
6U 1O0 7 H
6^1 0 7 %
Oott'n
Mid. 32* Cop.
Twist.
UpUts
e.
5
5
5
5
5
5
d. b.
6% 07
6 07
6 07
7 07
7 07
6 07
8% iba.
Skirtings.
8. d. b . d.
5
8 0 7 3%
5
8 0 7 3%
5 8 * 0 7 3%
-0 8 % 5
9 07 4
5
9 07 4
0 8 % 5 10 0 7 5 I
<1.
d.
d.
4 r‘ ts 7% 0 8 %
414 7 \ 0 8 %
7% 0 8 5s
d.
5%
4 1*
4%
6
6
6
Ss
4%
4%
8
8^
8%
GotVn
Mid.
Zfpld
d.
5k
5%
53s
53ia
5 3i«
5*8
S e a I s l a n d C o t t o n M o v e m e n t . — Wo have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for tue week. The
receipts for the week endiug to-nignt (Jan. 23) and since
Sept. 1, 1893, the stocks to-nigtJ, and the sim e items for the
corresoonding perio is of 1893 93, are as follows.
1893-94.
Receipts to Jan. 26.
1892-9.3.
Stock.
This
Since
Since
This
week. Sept. 1. week. Sept. 1. 1894.
Sai a n n ah ....... ..................
Charleston........................
Florida, &o........................
1,506 49,207
1,877
8
3.130
51
572
17
113
28,740
5,773
3,334
54,214
7 02
37,847 11,761 13,789
1,565
T otal............................
1893.
9,750 11,030
993 1,759
1,018
The exports for the week ending thU eveaing reach a total
of 95 bales, of which ----- - bales were to Great Britain, 95
to France and — to Reval, and the amount forwarded to
Northern mills has been 676 bales. Below are the exports for
the week and since September 1 in 1893 94 and 1892-93.
Week Ending Jan. 26. Si7ice Sept 1, 1893.
Exports
from—
Great
Great Fiance
Total. B rit’n
Brit’n. &e.
Savannah...
CftgiTfc’n, &e
Florida, &c„
New Y ork ..
B oston........
B altim ore..
........
........
___
__
i
95
_______
95
T ota l........
21,331
241
125
95 2,730
3*29
......
........
.........
1,776 23,107
244
125
1,5^8 4,258
329
------ .........
95 24,759
3,304 28,063
.......
N orW ii Mills.
Fr’ncc
Since
Total. Week. Sept. 1.
dc.
625 12,514
917
51 2,800
......
......
.........
676 16,231
I n d i a C o t t o n M o v e m e n t f b o m a l l P o b t s ,— T h e receip's
............ \0.75«
1.3-17 12,143
164 14,816
Tot. 1892-93
and s npments of cotton at Bombay have been as follows fc r
A considerable portion of the Sea Island cotton shipped to
the week and year, bringing the figures down to Jan. 25.
foreign ports goes via New York, and some small amounts via
B O M B i Y R E C E I P T S A N D S H IP M E N T S F O R F O U R Y E A R S .
Boston and Baltimore. Instead of including this cotton for
RecHwtt.
Shipments this week..
Shipments since Sept. 1.
the week in which it leaves the Southern outports, we follow
t e a r Breat Oonli-\
Great
Conti
This
Since
the same plan as in our regular table of including it when
Total.
B rit’n. nenl. 1 Total. Britain nent.
Week. Sept. 1.
actually exported from New York, &c. The details of the
•93-t 3,000 2 7,OOG’3 0,000 13.000 179.000 192.000 67.000 442.000 shipments of Sea Island cotton for the week will be found
’ 92-3
8,000! 8,000
8,000 155.000 163.000 44.000 379.000 under the head “ Shipping News,” on a subsequent page.
■91-2
9,000 9,000
6,000 71.000
77,000 36.000 263.000
Quotations Jan. 26 at Savannah for Fiotidas, common,
'90-1
13,00013,000 13.000 92.000 105.000 55.000 481.000
13c.; medium fine, 15%c. ; choice. \l%c.
Shipments fo r the week.
Shipments since Sept, a
Charleston, Carolinas, medium fine, 20 to 22c.; fine, 30 to
35c.; extra fine, 40 to 50c., all nominal.
Breat
OontiGreat
B ritain. Continent.
Total.
Britain, nenl.
Total.
E ast I n d ia Cr o p ;— The following is from Messrs. Gaddurn,
Calcutta—
Bythell & Co’s, cotton report dated Bombay, December 23:
1893-91,..
1892- 93...
Madras—
1893- 91 ...
1892-93...
A ll others1893 94 ...
1892-93...
1,000
T otal SU
SS5-803-94,..
1892-93...
1,000
3.000
4.000
1,000
1.000
5.000
11,000
8,000
15.000
19.000
13.000
8.000
6 ,0 0 0
27 000
19.000
18.000
21,000
25.000
23.000
43.000
44.000
40,000
38 000
3 8 .0 0 0
73,000
78 000
40.000
4 5 X F O K T S T O JSOROJPiS F B O M AJL.L I N D I A .
1893-94.
1892-93.
IS91-92
Shipments
to all Europe
from,—
This
week.
Since
Sept. 1.
Bom bay...........
I ll other porta.
30,000
192,000
78,000
8,000
1,000
1*3,000
78,000
9,000
77.000
89.000
T otal..........
30,000
2-0,00 0
9,000
241,000
9.000
166.0C0
This
week.
Since
Sept. 1,
This
week.
Since
Sept. 1.
Tliere was a slight increase in the arrivals from the Oornra districts,
but little or none trom other parts. Reports from Guzerat and K ath
iawar continue satisfactory, and samples of the new crop ha ve already
reached the m arket from some parts of the list-nam ed district.
Messrs. Lyon & Co., in their report of the same date, say:—
Crop accounts are practically unchanged, and the weather at pres
ent is seasonable. The unfavorable weather last m onth, besides
delaying supplies and injuring the qualitv, has apparently in some
districts curtailed the out-turn, and reports from up-country point to a
smaller crop o f Ootnra descriptions thau w as at one tim e anticipated,
hut a larger yield than last year is generally expected. Bengal crop
accounts are favorable, but the recent rain has stained the early ar
rivals slightly. A larger crop than last season is, how ever, w ell
assured how , and receipts ought, to increase shortly. Dhollera and
B roach accounts are favorable, but Dot quite so good as they w ere a
few weeks ago; still they m ay be called satisfactory.
M emphis C otton E x c h a n g e .— At the annual election of
the Memphis Cotton Exchange the following gentlemen were
chosen t,o serve during the year 1894.
P re s id e n t,!!. B. C arroll; Vice-Presidents, J. J. Shoemaker, J. W
W y n n e and C. C. C ow an; Treasurer, John Ml P eters; Secretary and
arrange Superintendent,
H enry Hotter. Board o f D irectors: O. JE. P. H all, E. R.
ments we have made with Messrs. Davies, Benaehi & Co,, 01 Thomas, O. F. Farnsworth, F. B. Herron, G odfrey Frank, John Arnn-
A l e x a n d r i a R e c e i p t s a n d S h ip m e n t s .—-Through
stead and E. W. Porter.
a “O the receipts and shipments for the past week and for tn*
Corresponding week of the previous two years
Alexandria, Eaypt,
January 24.
S eoelpts (oantars*)___
This week___
Since Sept. l .
1893-94.
210,000
3,441,000
This
Since
week. Sept. 1.
E xports (bales)—
T o L iv e rp o o l............ 11,000 192.000
To C ontinent............ 7,000 138.000
T h a i Enrons_____ 18.000 310.00
1892-93.
100,000
4.450.000
189 92
110,000
3,814 000
This j Since I This
Since
week. ; Sept, 1. week. Sept. 1.
8,000 243,000
5.00C; 15 i,000
T h e F o l l o w in g
7.000 225 000
3.000 107 OdO
13,000) 397,000' 10.000 332 000
abe th e
Gaoss R e c e i p t s
NSW YOBK.
Receipts
from—
BOSTON.
C otton a t
PHIhADELPH’A Ba l t im o **,
This
This
Since
Since
This
Since
week. Sept.1. week. Sept. 1. week. Qept. 1
N. Orleans... 10,002 219,959
Texas......... 6,543 131,SOI
Savannah... 3,715 108,216
Mobile ....
1U
16, 621
52.031
So. Carolina 1,903
11,070
354
No. Carolina
Virginia.. .. 1,400 S5,iS0 .
North, ports
48,833
Tenn., &e... 7/81
3p 81
Foreign.......
........
34,371
........
2,00)
Th%s
Since
week. Sept.
5,517
1,979
54,377
2,665
6,303
30,201
1,420
64,800
1,833
37,810
4*408
4,708
........
43.5f 8
9,S09 197,255
by cable to-night
59,441
3,715
from Manchester states that the market is easy for yarns and
7,392
903
quiet for sheetings. The demand for both India and China is
31,092 738.453 16,427 342,0 L7
poor. We give the prices for to-day below and leave those
tor previous weeks of this and last year for comparison:
Last year.... 27,906 729.725 14.618 350,697
M a n c h e s t e r M a r k e t . — Our report received
of
New York, Boston, Philadelphia and Baltimore fo r the pas
week, and since September 1, 1893.
1,685
8,208
9,893
1,820
5,262
140,014
THE
J anuary 27, 1894]
CHRONICLE.
J ute Butts , B agging , & c .—The market for bagging has
presented no new features the past week. The demand has
been light and the quantity of stock moved inconsiderable, but
quotations are unchanged at SJjjC, for 1% lb3., 5fgC, for 2 lbs.
and 8 !sc. for standard grades in a jobbing wav. For car-load
lots of standard brands quotations remain at 4 ^ c . for 1 %
lbs., 5c, for 2 lbs. and 5Vsc. for 2fq lbs., f. o, b. at New York.
Jute butts are inactive at l s-8c. for paper grades and 234 c. for
bagging quality on the spot.
A v e r a g e s o p T empera'tc be .— A s of interest in connection
with our monthly weather record, we hare prepared the sub
joined tables which show the State averages o f thermometer
m September, October, November and December for sis years,
1888 to 1893 inclusive.
185
S h i p p i n g N e w s .— T h e e x p o r t s o f c o t t o n f r o m t h e U n ite d
S tates th e p a st w e e k , a s p e r la te s t m a il r e tu rn s, h a v e r e a c h e d
196,851 ba les.
Total bales*
Ne w Y o r k —T o Liverpool, per steamers Anrania, 1,732___
Rumo, 4,1 75...................- ............................................................ 5,907
To Hull, per steamers Galileo, 1,096. ..M artello (additional),
1,900............................................................................................... 2,996
To Leith, per steamer Critle, 1,119............................................ 1,449
To Havre, per steamer La Champagne, 400 upland and 95
Sea I s la n d ....................................................................................
495
To Bremen, per steamer Saale, 165............................... ...........
165
To Hamburg, per steamers Dania, 7 3 9__ Sorrento, 200.........
939
To Rotterdam, per steamer Zaandam, 550.......................... .
550To Antwerp, per steamer Waeslaud, 2,9 06......................... .
2,906
To Genoa, per steamer IVisland, 4 0 0 ..........................................
400
To Naples, per steamer Wleland, 9 I I ....... ............... ..............
941
S e w O rleans —T o Liverpool, per steamers Chancer, 4,700___
Hugo. 4,321___Louisianian, 7 ,0 0 0 ....P rofessor, 5,600___
Wkl Cllffe, 6,8 10.......................................................................... 29,931
To Havre, per steamers Ganges, 6,123___ Merrlmao, 11,207
....V ortigern , 3,473...........
20,803
To Hamburg, per steamer Arroyo, 2,774.................................. 2,774
To Barcelona, per steamer Miguel Jover, 3,927...................... 3,9 27
To Salerno, per bark Giovanni S., 2,7S3.............................. .
2,785
G alveston —To Liverpool, per steamers Aome, 5,0 57...Palm as,
6,840— SomerhlU, 5,S70........................................................... 17.76T
To Havre, per steamers Camrose, 6,699 ...W allachla, 4,178 10,877
To Hamburg, per steamer Axmlnster, 200................................
200
P ensacola —To Havre, per steamer Metapedia, 500....................
500
Savannah —1To Liverpool, per steamer Dunedin, 3,171 upland
and 2,769 Sea Island.................... ; ............................................
5,940
To Gothenburg, per steamer Valetta. 3,500................................ 3,500
To Bare Iona, per steamer Glenwood, 4 ,000...........................
4,000
Charleston —To Liverpool, per steamers Federation, 6,031
Gienvech, 9,027 upland and 8 Sea Island-----Huntcliff,
5,365..................
23,451
To Havre, per steamer Aboraea, 5,031...................................... 5,031
Wilmington —T o Bremen, per steamer Leander. 10,512
....... 10,512
Norfolk —To Liverpool, per steamer Gerona. 8,356....................
6,356
West P oint —T o Liverpool, per steamer Guildhall, 9,211..........
9,211
To Ghent, per steamer Harrogate, 4 ,7 5 6 ............................... 4,756
N ew port Ne w s —T o L iverpool, per steamer Kanawha, 6 8 3 ----680
Boston —T o Liverpool, per steamers Columbian, 3,935 ...P a les
tine, 1,099___Pavonia, 2.353___ Sagamore. 2,283 .............. 9,670
Balttxorb —T o Liverpool, per ateameis Baltimore, 1,128 . . .
Rossmore, 92-> ...................................
2,051
500
To Hamburg, per steamer Baumwall, 500................................
To Antwerp, per steamer Sorrento. 346. ..................................
846
P h iladelph ia - T o Liverpool, per steamer Southwark, 3,935. . 3,985
To Antwerp, per steamer Switzerland, 5 0 ................................
50
............196,851
The particulars o f these shipments, arranged in. our usual
form, are as follow s:
Hull
Bremen Roller- antherL iter- and
A Ham -dam .1 burg A
pool. Leith. Havre, burg,
burg. Antw'p. Ohent.
3,156
New Y ork. 5,907 4,415
493 '1,101
~‘
2,774
N. Orleans. 39.931 .........20.803
10.877
200
Galveston.
767
Pensacola.
...
500
........ 3,500
Savannah.. 5*94*6
Charleston. 23,451
* ." 5,03*1
10,512
Wtlmtngfn
N orfolk .... 6,356
. . . . 4,756
West Point 9,211
N*p't News
B oston ...., 9,670
500
846 ....... .
Baltimore.. 2,031
.......
50 .......
PhlladePa- 3,98 S
T o ta l....1 1 4 ,9 4 9
4,445 37.706 15,090
1,352
Spain
and
Holy.
Tota‘.
1,311 16.748
0,712 60,220
28,814
500
4,000 13,410
23,482
10,512
6,356
13,967
680
9,670
3,397
4,035
8,236 12,033 196,851
Below we add the clearances this week ofvressels carrying
ootton from United States ports, bringing our data down to
the Latest dates;
G U.VWTOH—T o Liverpool - Jan, 19 - Steamer Spring-well, 7,996.
To H a vre-J an . 21—Steamer Mutual, 5,489.
N*w O rleans —T o U v e rp o o l-J a n . 23—Steamer Enginei-r, 4 .7 9 2 ....
Jan. 21 -Steam ers Arsaye, 10,103; West Indian, 5,070.
STV
T j r 1; « M > 55-*
To Havre—Jan. 2 2 -Steam er Toledo, 5,850 . . . Jan 2 1 -S team er
# f !| TOO. J*-5( S0*|
Pedro, 8,950.......Ian. 2 5 -lU r k Jeanne O'Arc, 3,855.
SAS I 75 '! * v « M 3
s
i
Sga jfaM.M tena w : | Toot |rot w »
T o Bremen—Jan. 23—Steamer Hiyra, 8.543.
rev i w-sl ar* are Savannah —To Bremen - Jan. 2 2 -S team er Cumerla, 8,710 ...J a n . 2 3 . MW Spoke SOS;
73 r
58-0'1 U
SO-6 WO
Steamer Edeamt re. 8,400.
To Barcelona - Jan. 20 -steam er Enchantress, 6,536,
f ea
Fr mThe
fall
” m
and
'
w
***** wont*
wwmm “-•m
m* ■
m* s*fpno&
J* above mean tttat -b e a g g re g a t.
B
runswick
—To Liverpool - Jan, 20 - Steamer Lake Neplgon, 4,730.
Strop for to 8 rear was fo b o r good.
No r fo l k —To Liverpool—Jan. 20 -8tearaer Chilian, 2,500.
To
H
am
bu rg-Jan 20 - Steamer Donau, 1,638
Jan. 22—Steamer
T he Kxpobtb op O ttos from New York this week show a
Akaba, 3.000.
decrease compared with last week, the total reaching ift,748 S kw pobt N ew s —T o L iverp ool-J a n . 22—Steamer Rappahannock,
bales, against 22,239 bales last week. Below w e give our
1,300.
oattal table, show ing the export* o f cotton from New York, B o n u s —IYi L iverp ool-J a n . 16-S team er I’ htladelphlan, 3.993.......
Jan. HI - Steamer Roman, 2,446 ...J.u>. 2 0 —Steamer Lake Supe
and the direction, fo r each o f the last fou r w eeks; also th*
rior, 1,200___Jan. 22-B team er Angloman, 4,150,
total exports and direction since Sept. 1, W93, and in the last
T o Yarmouth—Jan. 10 -Steamer Boston, 200.
B
u
,
tim
or « —To Havre - Jan. 20—Steamer Endeavour, 300.
soltuan the total for the same period o f the previous year,
To Hamburg—Jan 18—Steamer Polynesia, 352.
To Rotterdam - Jan. 18—Steamer Chicago, 600.
•xroarsor cotton isaumi raoa x«w roa* sixes ski-t . 1,1883
T o Bremen—Jan. 2 0 —Steamer Dresden, 3,377.
Week K’viing Cotton freights the past week have been as follow s:
7I S x i \ 5r4
»M i i r » t*n
tS88 Utwxjil S5v
Tkxa*.
fgw .......... SOOT
XtporteA. to—
Livers* x . ; ..................
Other British ports,.
July,
6.
Jan
12
I Jim. f Jan.
19
i
9 , 5 0 2 1 0 , 8 5 7 1 4 , 830
2 ,1 2 3 2 AC 3 3 ,0 1 1
2(5
8,007; 170.080
4 .1 4 5 ;
T o t . T O O T . B a iT 'x ,: 1 1 .8 2 5 1 3 .3 0 0 1 7 .9 0 0 1 0 ,3 5 2
French pert#..
T otal F R * »C B .„.i
o b o r g ___
»r port*.
Tor. to No. Resorts
lU a ly .A c ,
Sloth
T otal S pa in . Ac
*ls* v o T o r * i ,
819
171
2
m
195'
0 8 .7 0 S
182,1(10
1 4 .2 1 0
2 l8 ,7 li
2 2 0 .3 7 0
1 0 ,3 7 2
9.047
493
10,372
9 ,6 8 7
3 ,1 1 3
3 .2 9 0
400
619!
185
939!
3 ,4 5 0 ;
2 6 .7 7 4
1 1 .1 0 0
5 9 ,1 7 8
1 4 .8 5 3
2 ,9 4 1
2 3 ,0 * 8
5 ,1 7 0
4 ,3 4 8
4 ,5 0 0 :
0 7 ,3 6 1 !
4 0 ,0 1 5
717!
1 ,2 5 4
.......... ! 1 ,3 4 1 ,
717
1 ,2 5 1
______
819,
3 .6 3 1
300
2 ,6 0 3 !
8 ,4 9 4
500
1 .5 5 7
2 2 ,6 3 *
780
9,532
561
1 ,3 1 1
2 3 .4 1 1
1 0 ,0 9 3
tn,«A*. 19.045 2 2 .2 ’’0 16.74*
370005
900.795
Liverpool, bid— d
Do
askeiLd.
H a vre................
Do
later.......A.
Brem'n.tnid.Feb.d.
Do
la te r ... A.
Hamburg, steatnd.
Do
later..d.
Ams’ dam, steara.e.
Do
later., e.
Reval, via llull.tf.
Do
later. ...A .
B'lona, d ir e c t...A.
Genoa, s te a m ...A.
Trieste. vlaH ull.d.
Antwerp, steam .d.
Batur.
Mon.
Ha
....
30*
532
...*
30*
....
»s *
....
Hi
....
27%t
....
17s*
■4
....
ats
**2
....
27%i
....
1’ .*
H
....
*18
*82
6-fO
' Omt-f per t o J lbs. and primage
Tuet.
Wtdrut. Thuri.
Fri.
®S3
Hi
Hi
....
....
....
....
30*
30*
30*
30*
....
....
....
...»
” S4
»s<
” <S4
“ 04
....
....
....
....
633
632
®32
632
....
....
....
....
25-27%t 25-27% t 25-27% t 25-27%t
....
....
....
....
%
’4
>4
. . ..
....
....
....
—
....
....
....
*10
316
*10
3l«
*32
®32
*82
*22
6(10
Beo
6S2
t Cents per 100 lbs.
THE
186
CHRONICLE.
Live r p o o l .— By cable from Liverpool we have the followin' g
statement of the week’s sales, stocks, &c., at that port:
Jan. 5.
Jan. 12.
Jan. 19
Jan. 26.
71,000
67,000
77,000
Bales o f the week........... bales.
•19,000
3,000
2,000
1,100
1,000
O f which exporters took ...
____
4,000
7,000
9,100
Of which speculators took ..
81,000
64,000
58,000
42,000
Bales A m erican..........................
6,000
6,000
8,000
s.ooo
Aotual e x p ort.............................
84,000
82,000
80,000
Forwarded..................................
61,000
Total stock—Estimated............ 1,339,000 1,415,000 1,507,000 1,561,000
Of which American—Eatim’d 1,162,000 1,190,000 1,261,000 1,301,000
Total import o f the week......... 176,000 115,000 180,000 143,000
90,000 135,000 113,000
Of which A m erican...............
119,000
340,000 375,000 345,000 298,000
Amount afloat...........................
330,000 365,000 335,000 290,000
O f which Amerloan...............
The tone of the Liverpool market for spots and futures ea. h
day of the week ending Jan. 26, and the daily closing prices
of spot cotton, have been as follows:
Spot,
Saturday Monday. Tuesday. Wednes. Thurtd’y. Frida.
Market, l Quieter.
1:45 p. m . J
Mid.Upl’ ds.
Market, }
4 P. M. j
buyers’ Steadier.
Steadier. In favor.
Quieter.
4%
4%
4%
4%
4%
10,000
1,000
12,000
1,500
12,000
1,500
12,000
1,500
10,000
1,000
4°ie
B ales.......... 10,000
Bjpeo, A exp.
1,000
Futures.
Market, {
1:45 p, M.J
Freelv
offered.
Easy at
Easy at Steady at Steady at Steady at Steady at
2-64 de- 2-64 @4-64 3-64 ad
1-64 de 3-64 @4-64 1-64 ad
ollne.
vance.
decline.
vance.
cline.
advance.
Very
•teady.
Easy.
Quiet and
steady.
Steady.
Steady.
Steady.
[VOL. IV III.
DAILY CLOSING PRICES OF NO. 2 BED WINTER WHEAT.
Mon,
Tues. Wed,
Thurs.
Sal.
65%
65%
65%
66
65%
66
65%
66%
GSH
65%
67
67i*
67%
66%
66%
69%
69i*
69
68%
69%
70
69%
70%
70%
70=8
70%
70%
71%
71%
71%
75%
75%
75%
76
76
January delivery........
February d elivery___
March delivery...........
May delivery............... ..c .
Juno delivery..............
July d eliv e ry ...............
Decem ber d e liv e r y ...
Fri.
65%
651*
66=s
6834
69=8
70=8
75 *8
Early in the week the market for Indian corn futures was a
shade weaker under another material gain in the supply
in sight, but subsequently the speculation became
moderately active and prices advanced on buying by
“ shorts” to cover contracts, stimulated by a decided decrease
in the movement of the crop. The spot market has advanced
in sympathy with futures, but the improvement has had a
tendency to check trade. The sales yesterday included No. 2
mixed at 43%c. in elevator and 44%@44%c. delivered; steamer
mixed at 43@43L£c. in elevator; yellow at 48%@44c. in ele
vator and steamer yellow at 43J^@483^c. To-day the market
declined under selling by longs to realize profits, prompted by
predictions of an increase in the crop movement owing to
lower freight rates. The spot market was lower. The sales
included No. 2 mixed at 43@43^c. in elevator and 44^@44J^c.
delivered; steamer mixed at 42%'@43c. in elevator; yellow at
43}><[@43%c. in elevator; steamer yellow at 423^c. in elevator;
No.” 2 white at 43i^c. in elevator and steamer white at 43^c,
in elevator.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat. M071.
Tues. Wed.
Thurs.
425s
42%
42%
43^
43%
42%
44
44
43%
4318
43%
44%
45
45
44%
4 4 1*
41%
4 5 1*
45%
44%
.0.
January delivery...........o.
February delivery......... C
e..
March d elivery.............. C
c..
,C.
May delivery..................c.
Fri.
42%
43%
44%
44%
Oats for future delivery have attracted a trifle more atten
tion and prices have made a moderate advance on a demand
from “ shorts” to cover contracts in consequence of the small
ness of the crop movement. In the spot market business has
been restricted somewhat, owiDg to a slight advance in values.
T h u s: 4 63 m eans The sales yesterday included No. 2 mixed at 33%e. and No. 2
white at 36J^c. To-day the market was dull but steady. The
spot market was quiet but steady. The sales included No. 2
T n e e ., J a n . 3 3 .
mixed at 33%(g34c. and No. 2 white at 36%(§(36%c.
The opening, highest, lowest and closing prices of futures
St Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
The prices are given in pence and Giths.
4 83-6id . and 5 01 means 5 l-64d.
S a t., J a n . *20.
M on., J a n . 2 2 .
Open High Low. Olot. Open High Low. Olos. Open High Low. Olo>
January.....
Jam-Feb....
Feb.-Meh...
Moh.-April;
Aprll-May..
May-June...
June-July..
July-Aug...
A uk.-Sept..
Sept.-Oct.,.
January.....
Jan.-Feb...
Feb.-Mch.,
Mch.-April,
April-May
May-June...
June-July..
July-Aug...
Aug.-Sept..
Sept.-Oct...
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat.
Wed. Thurs.
Mon.
Tues.
33%
January delivery.
.0. 33%
33%
33%
33%
33%
33%
34
34
February delivery..........0.
o. 33i*
3
4
%
March delivery...............c. 34%
34%
34%
34%
34^5
35
35
May delivery.................. o. 34%
34%
F ri.
33%
d.
33%
4 09
34%
34%
4 09
4 09
Rye has been without change and dull. Barley has ad
4 11 vanced a trifle but business has continued slow.
4 13
The following are closing quotations:
4 15
FLOUR.
4 17 Fine..................$ hbl. $1 75®$2 10
Patent, w inter............. 3 10® $3 50
4 18 S u p erfin e.................. 1 85®
215 City mills extras....... 3 55® .......
4 20 Extra, S o . 2 ............... 2 00® 225 Rye flour, superfine.. 2 50® 2 90
260 Buckwheat flou r...... 2 25® 2 50
4 18 Extra, No. 1 ............... 2 20®
Clears.......................... 2 30®
275 Corn meal—
W ed,, J a n . 2 4 .
Straights.................... 2 80®
370
Western, &e............ 2 50® 2 65
T h a r ... J a n . 3 5 .
Prl., J a n . 2 6
Patent, sp rin g .......... 3 75® 4 20
B randyw ine............
2 70
[Wheat flour in sacks sells at prices below those fo r barrels.
0p«n High Low. Olos. Open High Low. Olos. Open Riga Low.
GRAIN.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d
d.
c.
C.
Corn, per bush—
e.
d.
Wheat—
0.
4 07 4 09 4 07 4 09 410 411 4 10 4 11 411 4 13 4 It 4 13
Spring, per bush.. oo
73
West’n m ixed ........ 42 'a) 45
Red winter No. 2 .. 65**^ 67
No. 2 m ixed .......... 43
44
4 07 4 09 4 07 4 09 4 10 4 11 410 4 11 4 11 4 13 4 11 4 13
Red w inter............ 55
45
68
W estern y e llo w ... 43
4 07 4 09 4 07 4 09 4 10 4 13 410 4 12 4 12 4 13 4 12 4 13
W hite...................... 58 'W 68
Western White___ 43
45
4 09 4 11 4 09 411 4 12 4 13 412 4 13 4 34 4 lo 414 4 15 Oats—M
ixed,per bu. 33
35% R ye—
411 413 4 11 4 13 4 14 4 15 4 14 415 4 15 4 16 4 15 4 10
36 'a) 40
W hite....... .
W estern, per bush. 54 'd> 56
412 4 14 4 12 4 14 4 15 4 17 4 15 4 17 4 17 4 18 4 17 4 18
No. 2 m i x e d ....... 33%® :-4s,
State and J e rsey .. 50
55
No. 2 w hite............ 36
414 4 16 414 4.16 i 17 4 18 4 1? 418 4 19 4 20 4 19 4 20
37% Barley— No.2 West’n 63 'S) 64
State
2-rowed.......
63
05
4 16 4 18 4 16 4 18 i 19 4 20 4 19 4 20 4 20 411 4 20 4 21
State 6-row ed............. . 'd) . .
4 17 4 19 4 17 419 4 20 4 21 4 20 4 21 4 22 4 23 4 22 4 23
4 10 4 18 4 10 4 38 4 20 4 20 4 19 4 20 4 20 4 21 4 20 4 21
The movement of breadstuffs to market is indicated in tl e
d.
4 12
4 12
4 13
415
4 16
4 18
4 20
4 21
4 23
4 21
d.
4 12
4 12
433
4 15
117
4 19
4 20
4 22
4 23
4 22
d.
4 12
4 12
113
115
410
418
4 20
411
4 23
4 21
d.
4 12
4 12
4 13
4 15
417
4 19
4 20
4 22
4 23
4 22
d.
408
408
4 09
4 10
4 12
4 14
4 15
4 17
4 19
4 17
d.
'4 08
4 08
4 09
4 11
4 12
4 li
4 16
4 18
419
4 17
d.
4 07
4 07
4 08
4 09
411
413
4 li
4 10
4 18
4 16
d.
d.
d.
d
4 07 4 10 4 10 4 09
4 0? 4 10 4 10 4 09
4 08 4 11 4 11 4 09
4 10 4 12 4 13 4 11
4 i l \ lli 4 14 4 13
4 13 4 16 4 16 4 15
4 15 4 18 4 18 4 16
4 17 419 4 20 418
418 4 21 4 21 4 19
4 18 4 19 4 20 4 18
B R E A D S T U F F S .
statement below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present th 3
comparative movement for the week ending Jan. 20, 1814,
and since August 1, for each of the last three years:
F r i d a y , January 26, 1894,
The market for wheat flour during the past week has been Receipts at— Flour.
Oats.
Barley.
Rye.
Wheat.
Corn.
a very uninteresting one. Buyers, owing to the decline in the
Bbls.ldQlbs Bush30 lbs BVeSh.bQlbs Bush.32 lbs Bush.48 lbs BuM lbs.
536,490 2,372,009 1,165,456
300,132
grain, have been few and their bids as a rule have been re Chicago.......
68,984
50,705
22,200
17,290
100,000
222,400
133,900
50,550
duced. Holders, however, have not been disposed to gran*1 Milwaukee...
389,409
Duluth......
concessions and as a result business has been flat. Buckwheat Minneapolis.
707,070
58.800
189,50 2,300
flour has been dull and prices have further declined. Rye
5,065
Detroit........
117,773
47,331
30,971
28,221
flour has been without change and steady. Corn meal has met Cleveland....
5,830
32,546
30,021
56,355
with a moderate inquiry, particularly for the choice brands, 8t. Louis......
21,955
8,400
115,073
770,980
280,500
78,750
4,950
Peoria........
19,200
103.900
1,800
399,750
70,700
and prices have been steady. To-day the market for wheat
183,249
Kansas City.
3,580
8,015
,
........
flour was dull and easy.
125,659 2,354,110 3,869,721 1,806,197
Tot.vrk, ’94.
708,203
65,405
The speculation in the market for wheat futures has con. Same vrk,’93.
181,710 3,173,214 2,037,280 1,481,881
523,992
95,780
tinned spiritless and prices have gradually weakened in the Same -**,’92.
224,727 1,898,310 3,030,599 1,837,843
113,419
806,428
absence of any sustaining features. Foreign advices have Since Aug. 1.
1892-94....
7,045,118 108,445,979 85,442,525 07,325,720 20 449,338 2,175,220
reported dull and drooping markets. Reports from the winter1892-93...... 7,394.847 169,077,860 04,163,073 01,549,874 21,090,718 5,472,018
1893-92.....
6,315,052
152,039,071 59,801,2431 57.401,343 20,948,144 12,393,034
wheat belt stated that danger to the crop by severe weather
had been removed by a good fall of snow and business in the
The receipts of flour and grain at the seaboard ports for the
spot market has continued quiet, with prices a shade weaker week ended Jan, 20, 1894, follow:
m sympathy with the decline in futures, Yesterday the
Flour, Wheat,
Oorn,
R ye,
Barley,
Oats,
at—
bbls.
bush.
bush.
bush.
bush.
bush.
sales included No. 2 red winter at 2Kc. under May f.o.b. NewReceipts
York..., ......... 177,033
850
19,175 1,211,550 418,900 115,700
afloat and No. 2 Northern at 689|'@ 69c. delivered. To-day Boston.
.......
51,336 132,569 388,625
3,580
3,455
244.759
Montreal.. ..............
5,192
500
?,8S3
the market was dull and without changes or features of im Philadelphia..........
20,810
60,052
350,035
147,463
11,200
portance. Late yesterday and to-day there was a fair trade Baltimore............... 72,227 104,660 611,050
1,900
28,0iK)
Richmond............
5,577
10,574
14,280
22,356
“ } t“ e,sPot market for export at steady prices. The sales in New
11,213 283,810
Orleans ..........
9,465
31,908
cluded No. 1 Northern at l>Jc. oyer May f.o.b, and No. W i n g
Total Week390,8*2 299,501 2,*57,380 901209
130,355
6,390
a 4}§c. under May delivered.
1
Week 1893.......
209,144 507.536
507,924 640,793
89,010
11,04
THE
J an u ary 37,1814,]
CHRONICLE.
#
187
The total receipts at ports named in last table from Jan. 1 nels for shirting purposes move fairly well. Blankets and
carpets are very dull, even at prices that should attract buyers.
to Jan. 20 compare as follows for four years:
1892.
1891.
imx
P m e ip U o f
D o ii e s t ic C o t t o n G o o d s .— The exports of cotton goods
813,662
744,211
1*564,653
Flour...........—
from this port for the week ending January 23 were 1,394
5,0*1,758
1,017^65
682.602
....... .bush,
W heat
packages valued at 190,972, their destination being to the
2,099,014
11,259,623
SU54.9I1
C o r a .........
.......
2,'*14,150 points specified in the table below :
xm jrn
O ats.................... .
645,325
4 8 4 ,« 3 l
344,478
«*•«»
Barley. . . . . . . . . . . . . ...
14.013
B y e ............. . .. .. ..
T o t a l g r a i n ............14,108,795
27,102
593,726
40,300
5,703,733
*30,926,016
5,180,853
The exports from the several seaboard ports for the week
ending Jan. 30, 1894, are shown in the annexed statement;
F lo u r . '
mts.
R ye.
Peas.
ISxpirixfmm— Wheat. Pom.
bush.
busk.
bush.
Ib U .
hash.
605,042 150,563
11,183
N e w Y o r k .................... 4203*78
41,93s
1,51X1
u,e«o
386
9,700
37,575
148.933
w h ium ph i*...... ..
B a l t i m o r e . . . . . ..........
561*457 70,84“
126,250
New Orleans.......... im .m
mjm
333
IU.m
N ew port N ew s....... .
13,415
a*
N o r f o l k . ..........................
........
23,711
M ontreal.............................
T o t a l w e e k . . . . . . . . 925*48?
S a m e t im e 1893.........1.108.193
1^ 75.807
579.8,19
3314*3
170,584
3,803
11.441
..............
..............
22,383
42,080
The destination of these exports for the week and since
Sept. 1, 1893. is as below. W e add the totals for the corres
ponding periods of last year for comparison:
-H o u r,----------- ------- — Wheat,
.______.
...
»Um Sept. l to
tt
W eek.
Wml
S i t u * S e p t.
1, u s e .
m s.
bm .
H a lt e d K in g d o m t 107.674
C o n t in e n t ............. ,
4<».&33
S. A C . A m e r fO k .
W e s t in d ie * ..- ..... 30.706
6**2?
Brit. N. A. Col4.
Other mnotrim.
Total X80S-93..
W eek.
S tarr S t p L
J a n . 30.
l m s .
bush.
bush.
— C o m .—
W eek
S in ce. S e p t.
J a n . 20.
1. m x
bm h.
10.034,<52
11.615.705
6,388
23,063
...
101.U B
I 4 D M » 7 12.O18.450
865.501
7,033.40ft
2,5*0
4«.00S
IQ 3 0 O
278.450
53,001
21.000
55.003
30,3 5 d > 4 7
1,875.807
570,630
500.461
727.785
600.462 |
120
630* * 7
1 7U M 7
........
m m
. 331.0&3
. 170.5*4
' m .4 8 7
1408*198
10,0^5,308
12406424
The t foible supply of grain, comprising the stocks in granard
at the principal wants of accumulation at lake and seaboary
ports, Jan. 20, 1894:
ftfkaf,
Bari**
Bm*
bU»b.
6 m**.
h-mh.
Jii *fJort
bmK
N«w T«rfc..
3*000 MMMW9 1,715,000
>*8,000
§
*
0
0
0
“m
118.0M0
145,060
iM0O
Albany..
65.000
66,000
mtsm®.
BuMmSn..
07.000
57,000
2 sl& mmo
■
Bo mSmt.
ll4000
m jm
.j&MSoooo
960,000
ts,w»
ijmjms
13^,00©
Do- «&N& .. M,am
tjm
IU.000
33,011ft
MUwmkm....... ... 001,000
19.000
ui.oae
.. 9.8799>t.«»
Bmlaih .
17,mm
! C»
i»,ow
0
0
,0
0
0
Do
. - 200,im
... 3,786,000
**
m&jm
.
TfiBw
100.000
0©
afloat., .,
'fcooii
Doroit........... .. i m w
"Ujm
lY.000
" ’i l i
,. Wt,QQ0
9»
mjm
'm
‘ jm
IM.OOO
1,000
mjm
-■
8^000
1MMI
1'i.ceo
Bm&fm.,......
674,100
.. u m w
to.ooo
164,900
Tummt«•>,,,..
Mjm
.
,
«4*.»)0M
"...lyjo
mjm
jg g fia i.. 323,0»^J
Ofl&QtMF
mkmm
.,, ,,,.,
wjm
-.
t*UXN>
"s.«W
Jodi*®* poll*
,. 157,0*;0
SWjooo
11,00*3
., 581,000
M m m m tM f...
mjm
B a ltim ore. ,
...... .
mtjm
4t>3#>
*77.000
Ob Mimimippi Bi*er
imjm
iji
Total Jfmu*», wm..60,3^1,000 lijBittM)Oft 4,117,00#
W7JW® «, 181,000
Total Jmn. 13. I8fti
*XAW,mm xw tjm
*“ l -.»>- 246I.C99
Tatml Jm, 21. iM
m It476,909 5,#17,000 IAA6M 2,'.*54,000
Total Jauv m%
.
7,9* ■
Total Jm. f#,
*184*6 6.381470
M75.06 6476,960
THE DRY GOODS TRADE.
N n r Y o a x . Friday, F, M.. Jcanary 2 r, 1894.
The peat week baa shown a very irregular market, with al
most alternate days of activity and *1nines*. Many buyers
have gone home after making light purchases, and from them
have come some reorders, and also from salesmen on the road.
The great inducements offered in the reduced “ nickle” ging
hams and some prints have found recognition from all quar
ters. and have influenced to some extent the purchases of other
style* of fancy and wash cotton fabrics. Fine grades of prints
and wide fancy percales and printed a,tines have met
with an improved demand, where choice offerings have been
made.
Buyers seem to appreciate at last that such values
having been offered them, they should be accepted, and
feet that agent* have now come to an end in forcing
good* on market, and are inclined to watt for a demand,
that must come soon at fairly reasonable prices. The product
of all kinds of woolen and cotton goods has been *0 materially
decrease* 1 that any ordinary demand that would ba necessary
to fill up the depleted stock* throughout the country would
soon use up the supply in agents’ hands.
Dohkstic W cot.cs Goods.—W oolens have been very quiet
as a rule. The only material exceptions are light cloakingB
for spring wear that are being ordered from samples sent out
last December. In these, as in every class of fabrics, the buy
ers are discriminating very closely in their selections.
Fine dress fabrics in Henrietta*, cashmeres, serges, &c., are
in good demand, and some mills making the most desirable
offerings are running over-time. Imported goods of this de
scription are not in market to any extent. In lower grades
the demand is very quiet. Woolens for clothing purposes are
finding no immediate outkt, aa the stock of manufactured
goods is fully equal to the demand. Domst and striped flan
1894.
sa w
y o k k to
J
an
1893.
. 22.
Week.
9 re at Britain.......
Other European. C hina....................
India......................
Arabia....................
A frica....................
West Indies...........
Slexioo...................
Central A m erica..
South A m erica—.
Other countries...
T otal..................................
China, via V ancouver*___
99
30
11
*75
262
94
153
521
49
Tear.
332
162
10,933
229
1,701
385
1,730
151
578
2,974
138
Week.
45
1
Year.
125
236
35
150
275
254
50
92
1,707
49
"e
1,057
95
313
3,933
107
1,294
19,313
2,180
2.323
6,207
3,160
1,294
21,493
2,323
9,367
The value of the New York exports for the year has been
|951,8« in 1894, against #413,106 in 1893.
Brown sheetings have been selling fairly well in standard
and medium weights and stocks have been materially re
duced. In the wide j finer grades buying has been light.
Bleached sheetings and sl#rtings have been very quiet, and
only those required to keep the lines of buying in presentable
condition have been taken. Prices have been reduced to a
point which means a stoppage of production or a loss.
The Lawrence LL having been closed out at the special
price of last week, the agents have advanced them %c. per
yard. All colored cottons are dull, and the few orders that
come are mostly for choice styles of cheviots and some desir
able makes of denims. Kid cambrics are in full supply in all
colors, but do not tempt buyers, who claim that they must
follow the course o f their paternity, the printing cloths.
Printing cloths are very dull at 2 13-16c. less 1 per cent
asked and 2?±c. bid, and stocks accumulating.
Stoek o- f ____________
Print OlotAs—
1894.
1891.
Jan. 20.
Held by Providence manufacturers, 255,000
Pall River manufacturers......
167,000
Total stock iptaoesl ..................... 422,000
F o r e io n D r y G o o d s .— A very quiet
1893.
Jan. 21.
1,000
None.
1.000
1392.
Jan. 22.
32,000
208,000
238.000
market has prevailed
for the past week, and the great uncertainty as to the action
of the S*o!ons at Washington does not create any enthusiasm
either with buyer-, or sellers. Some orders for immediate
wants are presented and easily Ailed.
Im p o r ta tio n * a n d W a r e h o u s e W it h d r a w a l, o f D r y O o o d i,
The importations and warehouse withdrawals of dry goods
at this port for the weekending Jan. 25, and since Jan. 1,
1891. and for the corresponding periods of last year are aa
follow s:
THE
168
S
t a t e
a n d
C
it y
CHRONICLE.
D E fA N T M tN T .
T E R M 8 OF SU B SC R IPTIO N .
Commercial and Financial OHROSICLE con
tains 4 0 to 04 pages, published every week.
State and City Supplement of CHRONICLE con
tains 180 pagep, published periodically.
Investors’ Supplement of CHRONICLE (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
_________
Subscription to CHRONICLE for one year 8 1 0 .0 0 ,
which includes every issue of both S u pplem en ts .
The purpose or this State and City Department
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e an d C it y S u p p le m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e an d C it y S upplem ent to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e
m ent on the page designated at the head of each item a
reference to the page where the item in the C h bo n icle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
[You L’VIIL
Total water debt, $620,000, less the amount of sinking fund,
$144,398 39; leaving the net water debt $475,398 39. To thisamount must be added bonds and loans issued for all other
purposes, $946,420, making a total city indebtedness of $1,422,021 61. A portion of the loans have not yet been negotiated,
though the orders are in the hands of the City Treasurer, and
in many instances contracts have been made covering the
same. Six years ago the total indebtedness of the city, out
side of the water debt, was less than $57,000. Attention iscalled to the fact that the loins and interest coming due in
1894 amount to $100,199 17. This amount must be paid from
the taxes to be raised the present year before anything can be
used for legitimate’ runningjexp3nses.
The Mayor recommends that a petition be sent to the Legis
lature for permission to issue $100,000 of water bonds. This,
he explains, will not be adding any additional burden to th
city, as the income makes the water department self-support
ing, and unless the loan is issued it will be impossible to ex*
tend street mains.
C am br id g e .—Mayor W . A. Bancroft o f Cambridge shows
that the funded debt of the city has been decreased §223,000
during the past year, and that the sinking fund is $139,464 less
than it was a year ago. The water debt has increased $65,152.
The Mayor recommends that the Legislature be petitioned fo r
authority to borrow for park purposes a sum not exceeding
$100,000 a year, for five years, beginning in 1895, and also toissue bonds to the amount of $1,000,000 for the purpose o f
further utilizing the city’s water supply.
C h e l se a .—Mayor Carter states that the total funded debt
and special loans of the city of Chelsea amount to $930,200
and there is a sinking fund of $878,115. The net water debt
NOTICE.
is $288,739. The funded debt alone is $830,000, and is made
A new edition of our State a n d Cit y S upplement up of bonds and notes that at maturity are to be refunded in
corrected to as near the date of publication as possible notes or bonds falling dus in tli3 year 1911. A sinking fund
will be issued early in the m on ti of April. We make is required to be established at the time of refunding the ma
turing bonds, sufficient to cancel the renewed bonds in 1911.
this announcement in response to numerous inquiries
Three hundred thousand dollars of this debt will have to be
which have recently been received.
renewed March 1 of this year, and one of the first duties o f
the Common Council will be to pass an order authorizing the
preparation of the notes or bonds necessary to refund this
C I T Y F IN A N C E S I N M A S S A C H U S E T T S .
portion of the debt. The funded debt cannot be increased
The following statements concerning the financial condi except by an act of the Legislature.
tion of Massachusetts cities are summaries from the reports
C h ico pee ,—In his financial statement Mayor William E.
of the mayors made public this month.
Mellen
shows how the debt of Chicopee his increased. In
B oston . —Hon. Nathan Matthsws, Jr., Mtyor o f Boston,
1891 it was $126,800, in 1892 $128,896, in 1893 $149,492, all ex
reported as follows on the city’s indebtedness :
clusive of the water debt. In the same time the valuation
“ The city has the right to borrow Jan. 1, 1894, $3,509,198.
The balance in the treasury reported by the Treasurer is $4,- has increased from $6,620,160 to $7,503,380, an average of
596,458 02, of which $1,701,317 40 is for general appropria $7,077,013 for the three years. The total debt of the city, in
tions, $2,647,392 13 for special appropriations and $247,848 49 cluding the water loan of $251,711, is $425,387.
for special accounts.
C IT Y AN D C O U N TY D EBT.
Gr0 S6 funded debt Dec. 31, 1892..............
Add funded debt Issued In 1893.........................
$57,083,563 19
6,115,525 00
Deduct funded debt paid in 1893.
$63,199,088 19
7,367,153 04
Total redemption means Dec. 31,1893
Gross debt Dec. 31,1893.......................
$55,831,635 15
22,111,523 22
Net debt Dec. 31,1893...
Gross debt Dec. 31,1892.
Gross debt Dec. 31,1893.
$33,720,111 93
$57,083,563 19
55,831,635 15
Decrease................
Net debt Dec. 31, 1893
Net debt Dec. 31,1892.
$1,251,928 04
$33,720,111 93
30,539,289 97
Increase....................
Net debt Dec. 31, 1893.
Net debt Dee. 31, 1890
$3,180,821 96
$33,720,111 93
31,053,496 98
Increase........................................................
$2,666,614 95
City debt. Including balance of debts assumed by acts
of annexation..............
$35,019,361
17
County d e b t................... ............................................
3,659,0 )0 00
Coobituate water debt....................................................... 17,051,273
98
Mystic water debt...........
...................................
102,000 00
Gross debt Jan. 1. 1894................................................. $55,831,635 15
“ The total receipts from all sources from Feb. 1, 1893, to
Dec. 31, 1893, inclusive, amount to $16,528,958 16.
“ The assessors reported that the valuitions for the past five
years had amounted to $4,294,235,814 05, the abatements to
$43,854,500, the net valuation total being $4,250,381,314 05,
which divided by 5 gives an average valuation of $850,076,262
per year. The valuation last year was $924,425,251 72,”
E v e r e t t .—Mayor Batchelder in his inaugural address said:
“ Our net general debt is $253,700. Our debt limit, beyond
which we cannot borrow, is $250,000.
It would seem on the
face of it that we were over our debt limit. This, however, is
not the case. Included in this debt statement is a high-sshool
note of $20,000 maturing July 1, 1894, on account of a loan
authorized by special act of Legislature, and a sewer note of
$10,000 maturing October 13,1894, on account of a spscial act,
which, with the $15,098 76 sinking fund, to be applied to the
extinguishment of the debt, makes our present borrowing
capacity $41,398 76. Oar total water debt is $150,000, which
includes a one-year note of §16,000; payable August 12, 1894,
and a one-year note of $4,000 payable November 15,1894, both
of which were negotiated at the height of the financial crisis
at 6 per cent owing to the unfavorable times for negotiating
long-time water bonds. These should be taken care of at ma
turity by the early sale of water bonds. From this water debt,
however, should be deducted the funis in the hands of the
SinkiDg Fund Commissioners for the extinguishment of that
debt, amounting to §10,683 01, thus leaving a net water debt
of $139,316 09.”
F a l l R iv e r . —Fall River’s total debt, according to Mayor
John W. Coughlin’s report is $3,083,923, of which $2,814,610
is funded debt and $52,000 unpaid bills from last year. The
city’s assets are $1,702,809, o f which $163,156 is uncollected
taxes. The estimated net city debt is $1,380,110, and last
year it was $1,211,702, an increase of $164,407. The net in
crease in the water debt is $38,307, and the estimated increase
B r o ck t o n ,—Mayor John J. Whipple reports on Brockten
of city and water debt last year was $206,715. The amount
finances as follows:
of $356,500 was is ued in loans during the year, which were
J an u ary 27, 1894. J
THE CHRONICLE.
floated at the average rate of 4JjJ Per cent. The sum cf
1101,750 was paid on account of the funded city debt, and
$35,000 of the water debt was refunded and a sinking fund
established to provide for its payment at maturity. Payments
on account of the city debt amounting to $101,750 will have
to be provided for this year,
F i t c h b u r g .— The statement was made by Mayor Edgar S.
Moulton that Fitchburg’s total debt is $1,100,782, net debt
$489,051, including a school house loan of $78,000.
G loucester,—Col. Benjamin F. Cook, the new Mayor of
Gloucester, reported that die balance against the city on No
vember 80 was $401,450, but the total amount of the various
sinking funds was $119,083 87, making the net debt of the city
$282,i66 13.
Haverhill.—Mayor Oliver Taylor gave Haverhill's net city
debt as $484,558 28 and the net water debt, additional, as
$835,673 34. The legal limit of the city’s net debt, including
the water debt, is this year $599,831 87. The total tar levy the
coming year will amount to $338,632, from which there will
be appropriated for sinking funds $40,000; interest, $25,000,
and city debt, $26,500, leaving for municipal purposes $‘244,933.
H o l y o k e . — Mayor M. H. Whitcomb of Holyoke gives in
his message a tabulated statement of the city's liabilities,
which shows that during 1893 sewer bonds to the amount of
$150,000 have been issued, the amount of city notes outstand
ing has been increased, by $59,000, and $80,000 of 7 per cent
railroad aid bonds were refunded at 4 per cent. The gross
city debt is now $1,491,500. The total assets, including sink
ing funds, cash and uncollected taxes, are shown to be $838,240, From this amount should be deducted unexpended ap
propriations amounting to $120,335, leaving the gross assets
at $587,905. The net liabilities are therefore $923,595, an in
crease in a year of $181,882. But tins increase ia accounted
for by permanent improvements amounting to $333,000. Tipi
borrowing margin is $116,000.
La wrkncb.—Mayor Rutte of Lawrence stated that the total
debt of that city vras $1,380,222 90, as follow#: Municipal debt,
$31,706 40; ordinary city debt o f 1335. $15,526 81; Lawrence
sewer loan, $183,49; SO; Union Street Bridge loan, $40,137 79;
water works loan, $920,010 21; Gale’s Hill Improvement loan,
$3-5,000; Water Street Sewer loan, $57,000; Bellevue Cemetery
loan, $25,000, and sewer loan of 1393, $50,000. During the
present year the city will be obliged to Sell $700,000 of refund
ing water bonds and provide for the payment of sewer bonds
to the amount of $282,000, Under the present law the city
may issue refunding bonds to run ten years only, but the
Mayor will probably recommend that the Legislature be pe
titioned for authority to refund for a longer period. The
yearly appropriation necessary to jay the short time bonds
at maturity would be, it is thought, too heavy a burden upon
the city.
LOWELL.— Mayor John J. Piekmin shows in his financial
statement that the total cash on hand and revived luring
the year was $3,978,027 37; paid out $3,930,43! 38. leaving a
balance Die. 31 of $145,573 99. The total city debt Jan. 1,
1898, was $1,989,300; borrowed during the year $374,000,
making the total debt $2,311,309, The am runt of debt paid
during the year was $!88,3k», leaving a net tola! ordinary
debt o f $2,177,400. Tire total debt oa account o f water-works
Dec, 31 was $1,363,000; making a grand total of city debt of
$3,440,400. The total net debt of the city Dec, 31, 1993, was
$2,929,838 19 ; increase of debt during the year, $63,330 02.
The loans authorized during the year amount to $471,900.
•Lynn . —According to Mayor Charles B. Howard, Lynn's
net municipal debt is $;,'>9»,251-42. The debt limit, as estab
lished by the act of 1965, is $1,178,009, which gives the city a
borrowing power of 5196,009 at the present time. The city
debt has increased $300,000 in the last four years, and this
condition of affairs makes it absolutely necessary to conduct
the finances of the city with the most rigid economy.
M lU > 0 .— Mayor Everett J, Stephens gave the total funded
debt of Malden on December 31,1893, as $892,131 12, including
general funded debt. $218,950; sewer debt, 148,139 62; water
debt, $527,341 50. During the year 1893 loans to the arnouit
of $11,790 were authorized which have not been negotiated
and which do not appear in the foregoing debt statement.
189
water bonds, is $323,000 ; and the unfunded debt, consisting
of long notes, is $80,000, making a total debt of $430,468 92;
and deducting $48,548 29 in the sinking fund leaves the net
debt $381,920 63. The unfunded debt has been considerably
reduced the past year by taxation. The Mayor adverted to
three acts secured from the last Legislature, the first author
izing the city of Medford to issue bonds not exceeding $300,000 for the enlargement of its water supply; the second
authorizing bonds not exceeding $250,000 for the erection of
public buildings, and the third for the establishing of a sewer
commission and the issue of bonds not exceeding $350,000, for
the construction of the system of sewerage.
P i t t s f ie l d . —Mayor Crosby stated in his message that the
total liabilities of Pittsfield amount to $707,417 10, which in
cludes $268,000 sewer bonds and notes for the new sewerage
system built during the past three years; $207,009 for water
bonds and notes, and $206,000 city debt. The balance ife for
unpaid bills. The assets of the city amount to $327,641 57, in
cluding the sinking fund of $167,652 89. The valuation of
property owned by the city is about $835,090. There has been
no reduction in the city’s liabilities during the year excepting
the regular payment of $8,000 to the sinking fund. In 1892
the liabilities were reduced $24,255 28. The receipts to Jan
uary 1, 1894, were $398,556 32 and the expenditures $398,256 08 leaving a balance unexpended of $2,300 34,
The city has built 1934 miles of trunk and lateral sewers
during the past three years and $268,000 of the expenditure
for this purpose is bonded, a certain proportion maturing
each year. The Assessor’s statement shows the valuation of
the city to be $12,115,734, and the average for the past three
years $11,823,917. There was raised for city expenses, $135,509 31; for cit; -debt, $37,500; for county tax, $19,006, and for
Slate tax, $12,973; total, $203,990 31. The tax rate was
$16-80, and the number of polls assessed was 5,471.
B o n d P r o p o s a l* a n d N e g o t ia t io n * .—We have re
ceived through the week the following notices of I onda
recently negotiated and bonds offered and to be offered for
sale.
Alexandria. Ya,—( S t a t e a n d C ity S upplement, page 153.)
—The proposition to issue bonds to the amount of $200,000.for
streets and sewers is now before the city council and the
Legislature will probably be petitioned for the requisite auth
ority. The matter will he definitely fixed within the next
month.
Attleboro, Mass.—(State
and
C i t y S u p p l e m e n t , page 20.)
—This town will petition the Legislature for authority to
issue $50,000 o f water-works extension bunds.
Babylon Union Free School District No. 6, N. Y.—Five
per cent school bonds to the amount of $300,000 have been
sold by the Board of Education of this district at 102-75. In
terest will be payable semi-annually on January 6 and July 6,
and $1,000 of the principal will become due Jutv 6, 1898 ;
$4,500 July 0, 1903; $6,500 July 6. 1998, and $9,000 July 6,
1911, Both principal and interest will be payable in gold,
Bartow, Fla,—Mayor E. W . Codington reports to the
Chronicle that the city of Bartow has voted to issue $30,000
o f bonds as follows: $7,000 for schools, $8,000 for streets and
$15,000 for water-works. The details of the bonds have not
yet been decided upon. The city has no debt of any kind at
present, and the assessed valuation of real estate is $623,200;
personal property. $268,210; total $893,110. The total tax
per $1,000 is $23 50. Property is assessed at abmt 75 per cent
of its actual value for city tax and about 50 per cent for State
and county tax,
Bayonne, N . J . - ( S t a t b a n d Cit y S u p p l e m e n t , page 5 8 .)—
The City Council of Bayonne will receive bids until February
6 for $50,000 of 5 per cent street improvement bonds to run
for six years. Both j>rineipal and interest will be payable in
gold. Further particulars wilt be found in a n advertisement
elsew h ere in th is Department.
Beaver Falls. P a .- {State and C ity S upplement ; page 66.)
A loan of $125,000 for water works has been voted by the
Bari ugh Council,
Brunswick. Mo.—The people of Brunswick voted recently
in favor of issuing $10,600 of water-works and electric-light
bonds.
Cambridge, M a ss.— (S t a t e
and
C it y S u p p l e m e n t , p a g e 23.)
—On January 23 sixteen bonds were received for $110,000 of
1 per cent 30-y.-ar Cambridge park bonds. The proposals
rang- d from 103-395 to 108-89 and the loan was awarded to
the Cambridge Safe Deposit & Trust Company at the lastnamed price.
Cleveland, Ohio.—(3TAtE and City Supplement, page 79.)
—ProaosaLs will be received until Februrary 21 by City Audi
Medford .—The financial statement of Mayo* 8. C. Law tor W. A. Madison, for the purchase of 1 per cent park bonds
rence shows that the permanent debt of the city, represent to the amount of $200,000. The bonds will draw interest from
ing trust funds, is $28,466 V i; the funded debt, consulting of October 1 ,1893, payable semi-annually at the American Ex-
rvoL. Lvnr.
THE CHRONICLE.
ISO
Bidders.
Amount o f Bid.
change National Bank of New York City and they will Seasongood
A Mayer, Cincinnati, O .........- ...................................... 51,135
mature October 1, 1923.
.
e
W. J. Hayes A Sons, Cleveland, O ................................................... 51,052
George A. Lewis A Co , Chicago, 111.................................. - ............. § 1 '2 00
Cleveland’s total bonded debt including this issu#is
Farson, Loach A Co., Chicago, III..................................................... 50,950
000, and the net debt (aft*-r deducting water debt, $1,775,000, E.
R. Rustetter, Elkhart, In d ......................... ................................... §0,615
and sinking fund, $2,197,873) is $5,935,128. The city's assessed St. Joseph V alley Bank, Elkhart, Ind.............................................. 50,601
valuation is $120,515,990, the real valuation being about $500,Fail-mount, Min i.—Village Recorder C. N. Petersen re
000,000. The present population is estimated at 300,000.
ports that the $30,000 of water-works and electrie-ligkt bonds
Dayton, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page 80 .)— recently offered for sale have not as yet been disposed of and
On January 19th $100,000 of 5 per cent Dayton school bonds bids will be received for them at any time. The loan will
were sold to Messrs. Gay & Stan wood of Boston, Mass., bear interest at the rate of 6 per cent, payable semi-annually
for $101,10 i. The following is a list of the bids which were at New York or Chicago, $10,000 of the amount maturing
December 5, 1908, and the remaining $10,000 December 5,
received for the loan.
Bidders.
Amount o f Bid- 1913, with an option of call after December 5, 1908.
Gav & Stanwooil, Boston, Mass........... ........................................
The city’s total debt is at present only $3,500. Ics assessed
Boasonsood & Mayer, Cincinnati, O h io .................... ................... 103,67b
valuation for 1893, which is 33 per cent of actual value, of
E . Kieybolce & Co , <iinolunatl, Ohio........................................... I n l’ in ?
real estate is $330,935 : personal property, $87,079 ; total, $318Fttrson.Loach.tr Co.. Chicago, 111................................ ............. 102,26b 014. The total tax rate (per $1,000) for 1893 is $39'90, includ
W. J. Uayes A Son, Cleveland, O h io.............................................. lOl.jOO ing State tax, $3-35, county tax $3'25, city tax $8'80, and aver
N. W. Harris A Co., Chicago, 111............................................. ........ 103,o*0
Dietz, Dtmlsou A Prior, Cleveland, O h io ..................................... 10 h 187 age school tax $14-50.
JB. H. Eollins A Sons, Boston, Mass.............................................. 102,0o0
Findlay, Ohio,—(S t a t e a n d C i t y S u p p l e m e n t , p_age 81).—
The bonds will be dated February 1, 1894; interest will be Findlay improvement bonds to the amount of $15,000 have
payable semi-annually (F. and A.) in New York City, and the been sold to Spitzer & Co. at par and accrued interest Of the
principal will mature at the rate of $25,000 yearly from Feb total amount $5,000 are dated Dec. 1, 1893, and payable May
ruary 1, 1904, to February 1, 1907, botli inclusive.
1, 1919; $5,000 dated Jan. 1, 1894, and payable June 1, 1919,
Duluth, Minn.—(S t a t e a n d C i t y S u p p l e m e n t , page 105.) and $5,000 dated Feb. 1, 1894, and payable J illy 1, 1919. The
It is reported that the $800,000 of
per cent 30-year water bonds all bear interest at the rate of 6 per cent, payable semi
and light bonds of the city of Duluth dated Dec. 1, 1893, annually at the office of the City Treasury.
have been sold to the Duluth Trust Company. Interest is
Flathead County, M on t—Proposals will be received until
February 20th by County Clerk Charles M. Johnson for the
purchase of 30-year 6 per cent funding bonds to the amount
change National Bank, New York City.
of $100,000.
Elkhart County, Ind.— (Chronicle , Vol. 57, page 318.)—
Hinghainford, Neb.—Hinghamford will issue 7 per cent
The following is a list of bids which were recently received
water-works bonds to the amount of $6,500. Interest will be
for $50,000 of 5 per cent Elkhart County funding bonds:
payable annually on January 1 and the securities will mature
Bidders.
Am ount o f lid.
January 1, 1914, with option of call after January 1, 1899.
"S. W, Harris A Co.. Chicago.............................................................$52,315
R udolph Kleyhoite A Co , Cincinnati, O ...................... ................. 51,750 Hinghamford has no indebtedness at present. The total as
Dietz, Denison & Prior, Cleveland, O . . . . .......................... ..........51,585
sessed valuation of real and personal property is $69,512,
James Longstreet A Co., Chicago, LI............................................. 51,520 assessment being about one-third of actual value. The total
Spitzer A Co.. Toledo, O ........................................ ........................... 51,385
Ed, Jones A Co., New Y ork ................................. .............................. 51,250 tax rate per $1,000 is $35 50.
N E W LOANS.
$ 600,000
R E F U N D IN G
BONDS
OF THE
City of Indianapolis.
DEPARTMENT OF FINANCE, /
O f f ic e o f Ci t y C o m p t r o l l e r , j
I n d i a n a p o l i s , I n d ., January 18th, 1894.
Sealed bids will be received by the City of Indian
apolis, Indiana-, through the City Comptroller, until
February 15th, 1894, at 12 o’clock M. for the whole or
any part of $tSOO,OOU Refunding Bonds of said city.
Said bonds will be designated ’“Indianapolis Refund
ing Bonds o f 1894,” will be dated March 1st, 1894,
and will be in denomination of $1,000 each, with
coupons attached; will draw interest at the rate of
four per cent per annum, payable semi-annually on
the 1st of July and January, the principal payable in
thirty (30) years, without option, and both principal
and interest payable at the banking house of
Winslow, Lanier & Company, New York.
These bonds are to be issued and sold for the pur
pose of taking up certain outstanding bondB o f said
city which became due July 1st, 1893, in the sum of
$600,000.
Bias for the purchase o f said bonds should be
indorsed, “Proposal for Refunding Bonds”, and
directed to the City Comptroller, Indianapolis,
Indiana.
Bidders may bid for all or any part o f said bonds.
The proposals will be opened by the City Comp
troller at his office on the loth day of February, 1894,
between the hours of 12 o’clock M.and 2 o’clock P.
M„ and said Comptroller will thereupon award said
bonds, or if he shall see flt a part or any number
thereof, to the highest and best bidder therefor,
and shall have the right to accept a part o f any hid,
and to award upon any bid the whole or anv less
number of the bonds covered by such bid, he being
the sole judge of the sufficiency or insufficiency
of any bid ; and he may in his discretion award a
part of said bonds to one bidder, and a part to an
other, or he may reject any or all bids.
Each bid shall be accompanied with a duly eertifiedebeck upon some responsible bank of the city of
Indianapolis, Indiana, payable to the order of
Sterling It. Holt, City Treasurer, for a sum of
money equal to five per cent of the face or par value
of the bonds bid for, which check and sum o f money
will be forfeited to the city, as agreed and liquidated
damages, if bonds shall be awarded upon said bid
and the purchaser shall fail to take up the said
bonds at the proper time, but all checks not so for
feited shall be returned to the partv entitled
thereto.
The bonds awarded will be delivered at the bankmi! bouse o f Winslow, Lanier A Company, New
York. March 1st 1894. and must be taken up and
paid for on that day. but the date for takiug up and
paying for said bonds, ao feed, may be extended at
the option of the Comptroller for a period of ten
days following said date, and the purchaser shall
.tak e up and pay for the same at any time upon the
prequest of-the Comptroller within said ten days.
P. C. TRUSLEll.
____
City Comptroller.
EDMUND
B.
K IR B Y ,
M in in g; E n g in e e r a n d
M e ta llu r g is t,
No. 1017 -.Jenteeuth Street, Denver, Col.
NEW
N E W LOANS.
LOANS.
Arkansas State Aid Bonds.
$ 5 0 ,0 0 0
Holders of all the Issues of the above-named bonds'
are requested to deposit them at once with the
Knickerbocker Trust Company, 18 Wall St., N. Y.,
and to sign the agreement to be found there. More
than $1,000,000 of bonds have already assented by
signing the agreement.
50 o GOLD BONDS.
Application m il be made to the New York Stoek
Exchange to list the negotiable Certificates of
Interest payable semi-annually, on January 1 and Deposit of the Knickerbocker Trust Company toJuly 1. Sealed proposals will he received by the be issued in exchange for these bonds.
Council o f the City of Bayonne until Tuesday, Feb.
JOHN P. TOWNSEND, Chairman.
8,1894, at 8 o’clock P. M., for the purchase of the
EMANUEL LEHMAN,
following bonds:
ROBERT MACLAY,
$50,000 City o f Bayonne Improvement Bonds, is
Advisory Committee.
sued for street improvements, and payable six years
from date o f bonds.
The bonds are dated Jan. 1,1894, with 5 per cent
interest, and principal and interest payable in gold.
Accrued interest will he charged from date of
bond to date of delivery, the Council reserving the
right to reject any or all proposals, if for the inter
est o f the city so to do.
By order of the Connell.
City of Bayonne, N. J.
MUNICIPAL
BONDS
FOE INVESTMENT,
W . C . H A M I L T O N , C it y C le r k .
P A R T IC U L A R S
UPON
A P P L IC A T IO N
New York State Bonds.
WE BUY AND SELL
CITY COUNTY AND SCHOOL BONDS
MEMBERS OF THE NEW YORK AND BOSTON
STOCK EXCHANGES.
DEALERS IN COMMERCIAL
IN THIS STATE.
APER.
CORRESPONDENCE SOLICITED.
Farson, Leach & Co.,
Blake Brothers & Co.,
28
2
W AUL
ST.
5
STATE
NASSAU
STREET,
S T .,
NEW
BOSTON.
YORK.
MUNICIPAL BONDS
AND
High-Grade
InYeitment
Securities.
Geo. M. Huston & Co.
B O N D
P a r t ic u la r s upon A p p lic a tio n .
,
Commuting;
Street, Wykes & Co.,
41 W AU L STREET,
NEW Y O R K .
A N D
S T O C K
D E A L E R S .
We buy and sell outright all Western
Municipal Bonds and Stocks. We
cheerfully furnish full and reliable in
formation concerning any Western se
curity without charge. Monthly quo
tation circular mailed to all applicants.
New issues of municipal bonds wanted.
1 0 5 P IN E S T R E E T , S T . L O U IS , M O ,
THE CHRONICLE.
JANUARY 27, 1884. J
Howard County, Mo.—(State and City S upplement, page
113.>—County Treasurer A F. Willis has called for payment
bonds numbered from 1 to 30, their total amount being
f30,000. They will be redeemed on February 1, 1894, at the
National Bank of Commerce in New York City. Interest will
cease on the same day. Bond No. 1 of Chariton Township
for $1,000 is also called.
Hudson County, N. J.—(S t a t e a n d C i t y S u p p l e m e n t , page
60.i—Bids will be received until February 1, 1894, for $500,000
of
per cent Hudson County public road bonds. The se
curities will be dated March l.'l894, and will mature January
1. 1924 (int. J. & J.), and both interest and principal to be
payable in gold. The bonds will be exempt from taxation
and a sinking fund is established which shall be sufficient to
redeem them at maturity.
Indianapolis, I a<L—(State and City Supplement, page88.)
—Propa-ala will ba received until February loth by City
Comptroller P. C. Trusler for $600,000 of Indianapolis refund
ing bonds issued to take up the old 7’8 per cent bonds of the
city which matured July 1,1893. The securities will bedated
March 1, 1894, bear interest at the rate of 4percent per annum,
payable J. & J. and will mature iu thirty years.
It will be remembered that last May an issue o f $631,000 was
offered by this city for the purpose o f refunding the 7-3s and
of replacing in the city treasury $31,000, which amount had
been used in April to pay off old 8 per cent bonds. The entire
issue was awarded to Messrs. Coffin & Stanton of New York
City, who afterwards refused to take the bonds on the ground
that the $21,000 could not legally be included in the refunding
issue. The question was decided by the courts this month in
favor of the New York firm, and Indianapolis is now offering
the $600,000 o f refunding bonds alone. Owing to the dispute
concerning the refunders offered last year, the city was
obliged to default on the 7 3s due July 1st, but arrangements
MISCELLA NEOUS.
B A N K S
.Deairing c h o ic e a h o ri-ilm e c lt r an d » t «
m ortg ag e R a ilr o a d Hood*, a n t in g (rom
5 per cen t to 7 p e r r e a l, to ta k e th e p lace
o l c o m m e r cia l p a p e r, a r e in v ite d to w r ite
o r te le g r a p h fo r t in * a n d p rice * .
C. H. W H I T E & CO.,
-
NK «
l O K ii
Rudolph Kieybolte & Co.
IN V E S T It K N T
3 0 W r . t T h ir d S tr e e t,
MISCELLA NEOUS.
MISCELLA NEOUS.
TH E
CHOICE INVESTMENTS
DEM MOINES. IO W A.
Ca p it a l P a id v r .
•
IISO.OOO.
C h a in * inveatm rut* In tha mow
n rn
n rn T
J|A r x n
o u m m
UCn I
I I ,I N K E R S ,
C in c i n n a t i , O h io .
IN
Street Railroad and
Municipal Bonds.
PRICES TO SUIT THE TIMES4
t ir e F ield in th e W eetn m * « !,
Unproved lath.
o low* and Keotern Nobruka. daf* and Deelreei,
M N K B R S ,
Hi B H O I D I U Y ,
were subsequently made with the New York Life Insurance
Company to take up and carry the old bonds until July 1,
1894, the city having the right to redeem them at any time
after January, 1894, by giving thirty days’ notice. Indianap
olis has never before in her history defaulted in the payment
of any obligation and the intention of the city authorities last
year to provide for the bonis due on July 1st can not be
questioned.
The total bonded debt of Indianapolis is at pres ;nt $1,919,.500, and there are temporary loans outstanding to the amount
of $150,000. The city holds and has set aside to pay $500,000
of her six per cent bonds maturing January 1, 1897, an equal
amount of 6 per cent bonds of the Iadianapolis Union Rail
road, Transfer & Stock Yard Company, due December 1
1896. A special tax of 4% per cent as authorized by A ct of
the Legislature has been levied, and will be applied to the
payment of $35,003 grand encampment bonds due April and
November, 1894. This leaves her bonded debt unprovided
for, $1,334,500. The Constitution of Indiana limits the in
debtedness of municipal corporations to 2 per cent of their
taxables. By the appraisement of 1393 the total value of the
taxable property in the city of Indianapolis was $103,547,925.
By the terms o f its charter the city has power to levy an ananual tax of 90 cents on every $100 of valuation for any one
year.
The present tax levy is 60 cents per $100. It is
stated by Comptroller Trusler that Indianapolis has a
less debt than any city in the Uaion of her class, measured
by the value of her taxables. .l a advertisement elsewhere in
this Department gives fu ll particulars regarding the present
hind offering.
Jamaica Uulan Free School District No. 8, N. S’.—Five
per cent school bonds of this district have been sold to the
Germania Savings Bank of Kings County at 106. The bonds
Levvis Investment Co.,
»iy
191
F ifteen Y e a r ,’ Snccemafa! E x p e rie n ce .:”
Mend ie r P am ph let.
* . A. HOTCHKISS,
HEO. II. LEWIS
Secretary.
Pregldntt.
M ORTGAGE LOANS
Corrreepondenoe Invited.
Lamprecht Bros. & Co.,.
4 i.iV .V L L NT., N E W Y O R K .
CLEVELAND.
RONTON.
Galveston City Bonds for Sale.
The City of Galve.ton, Texan, offer* for sale
$ 3 0 0 ,0 0 0
6 per cent 40-year limited debt bonds of 1891.
Sealed bid* will be received by the undersigned
for all or any part of the above bonds up to 12
o'clock coon, rent-nary 10, 1894.
• Per I’ent and 7 Per Cent Net.
The right !# reserved to reject any or all bids.
D. B. J1KNBEHSON,
SO COMMISSIONS charged borrower or tender
Chairman Finance Com.
aaut loan* have proven good.
Galveston, Texas.
TEXAS.
Choice Investment
Bonds o f Otic#,
Counties and School Districts.
F B A A C IS
S .W IT II
<fc C O .,
LISTS M A It.ro UPON APPLICATION.
SAN ANTONIO, T E X A S .
W. J. Hayes & Sons,
Jos. C. Platt, C. E.,
COANBLTISO
BAN KERS,
Dealer* in M U N IC IP A L 80NDS.1
Strum Rail-Oar Bond* and other high grad* in-
3U-3J3
1 Exchange Plaee^^ ^
10 Wall Street,
KeW Y ork ,
tCahlo Addree*. - I M R I T il."
SEARS & W H I T E ,
EUOSSE « . TOMS,
S T A T IO N E R S A N D P R IN T E R S .
S a p p ! J B a n t * . B a n n e r ,. 8 t « e * B r o k e r , a n d C o r
p o r a t io n * w ith c o m p i s t e o a t s t g o f A c o m in t B o o k *
and JKhttouery,
twr
concern* organlxtog *ffl hare their
order, prompt!, executed.
JfO. 1 W I L L I A M S T R E E T
EM6INKER,
3-5 W a l l S tre e t, New Y o r k ,
A nd W a t e r fo r d , N. Y .
E x am in ation *.
R ep o rt* .
S ap e r r In! on ,
D e a l e r s in I n re s tn a e n t Sectori Ile a .
BONDS
Edward Morton & Co.,
53 Broadway, New York.
S p e c ia l fle a i
J I im iC I P A L ,
S T R E E T R A I L W A Y BONDI
aud
R A N K .STOCKS.
SECURE BANK VAULTS.
T !ELDING AN INCOME OF
4 % TO 6%
C IT Y , QEO. A, LEWIS It CO., Bankers
COUNTY’
132 LASALLE STREET,
S C H O O L SEND FOR LOTSCHICAGO .
Q ENUINE
W M . FRANKLIN HALL
800X8
ACCOUNTANT audited
New term* deMgned for book, of aooonnt.
S t U U m m l a/ In s rA v m t E r t a t a .
*1* Rich one* Building, 5« State Street, Bolton.
WELDED CHROME STEEL AND IRON
n Round and Flat Bars and CLply Plates and Am***
FOR SAFES, YAULTS, Stc.
, ,
Cannot be Sawed Cut. or Drilled, and positively
Burglar-Proof.
CH H CiTIE S T E E L W O R K S ,
Sole ManTars in the U. 8.
BROOKLYN* K. ¥»
THE CHRONICLE,
192
mature at the rate of §2,000 yearly, beginning February 1,
1909. Other bids were received for the loan as follows :
Price Bid.
...101-31
...102-35
...1 03-95
...103-25
..100-575
..103-75%
.. . 102*27
Bidders.
N. W. Harris & Co., New York .. .
Parson, Lea ell * Co., Sow Y o rk ....
E H. Rollins & Sons. Boston.........
Edward 0. Jones & Co , Now York
Street, Writes St Co., New Y o rk ....
Seymour. Barto Sc Co., Tacoma —
Geo. M, Halm, New Y ork...............
Kirksville, Mo.—Waterworks bonds to the amount of
$29,000 have recently been voted.
Loekland, Ohio.—Five per cent water-works bonds of
Lockland, Ohio, to the amount of $20,000 have been awarded
to Messrs, S. Kuhn & Sons of Cincinnati. The bonds will be
dated October t, 1893, and will become due at the rate of
$500 yearly from October 1, 1903, to 1912, and then at the rate
of $1,000 yearly from October 1, 1913, to October 1, 1927,
Madison, Fla.—The citizens of Madison will vote on Feb.
6 on the question of issuing $16,000 of water-works bonds.
Marietta, Ohio.—(S t a t e a n d C i t y Supplement , page 83.)
—City Clerk L. Mueller will receive proposals until February20, 1*894, for $14,156 20 of 6 per cent street improvement
bonds to mature at tire rate of $707 81 semi-annually from
date of issue. The city’s total bonded debt at present is $264,728 16; sinking funds,'$10,669 46; assessed valuation (about 50
per cent of real value), $3,406,507; total tax per $1,000 for 1893
was $26 60, The present population is estimated at 10,000.
Marshall, Mich.—The election -which took place at Mar
shall on January 15 to vote on issuing $50,000 of water works
bonds resulted in favor of the proposition.
Mazomanie, IVis.—Village water works and electric-light
bonds to the amount of $10,000 have recently been taken by
home parties at par. The loan will bear interest at the rate of
5 per cent, payable annually on January 15 at the office of the
Village Treasurer, and will mature at the rate of $500 yearly
from'January 15, 1895 to 1914. The village has no other debt
of any kind, and its assessed valuation, which is about 75 per
cent of actual value, for 1893 of real estate is $193,908; per
sonal property, $63,270; total, $256,173. The total tax rate
per $1,000 is $12 73.
Mechauiesbarg, Pa.—School bonds in denominations of
$500 and $1,000 bearing interest at the rats of 4% par cent per
annum have recently been sold to local investors at par and
accrued interest.
Monongahela, Pa.—The citizens of Monongahela will vote
on issuing street and sewer bonds to the amount of $30,000.
Montgomery, Ala.—(S tate and Cit y S upplement , page
170.)—The city of Montgomery, Ala., has sold 6 per cent 30year bonds to the amount of $350,000 to the First National
Bank of Montgomery at 101. . Six bids were originally re
ceived for the loan, all of which were rejected as being un
satisfactory, and the subsequent bid of Mr. A. M, Baldwin,
cashier of the First National Bank, was accepted.
Mount Vernon, N. Y.—Bids will be received until February
20 for the purchase of sewer bonds to the amount of $25,000. "
Napoleon, Ohio.—The $60,000 of water works and electriclight- bonds of Napoleon, recently offered for sale, will be
taken in payment by the contractor.
Newton, Mass.—(State a n d Cit y S upplement , page 28.)—
The city of Newton received thirteen bids for $100,000 of 4
per cent 30-year sewer bonds offered this month and the secur
ities were sold to Lee, Higginson & Co. of Boston at 106-13.
Interest will be payablelsemi-annualiy ( f. & J.) at the office of
the City Treasurer or at the National Revere Bank of Boston.
Bonds mature January 1, 1924.
New York City.—(State and C it y S upplement , page 50.)—
The Commissioners of the Sinking Fund have authorized the
City Comptroller to issue dock bonds to the amount of
$1,500,000. Criminal-court bonds to the amount of $100,000
have also been authorized,
New York State.—(State and Cit y S upplement , page 41.)
—The new State Forest Comm ission submitted a special report
to the Legislature at Albany on January 24 strongly favoring
the issue of $3,000,000 in bonds to purchase lands for the State
Park,
Norwalk, Ohio.—Seven bids were received by City Clerk
F. W. Christian for the $4,000 of coupon water-works im-
CHICAGO.
CHICAGO.
[Vo l . LYIIJ,
______ CHICAGO,
The
Title Guarantee & Trust Illinois Trust & Savings
EqmtableTrust Company
Bank.
Company
OF
1 8 5 D E A R B O R N S T ., C H IC A G O .
9a,
C A P I T A L ,
P A ID ! U P ,
$500,000
-
S U R P L U S , ...........................................
50,000
AUTHORIZED BY LAW TO RECEIVE and exscute trusts of every character from courts, corpora
tions and individuals. TakCB entire charge o f estates,
real and personal. Acts as agent for the registra
tion and transfer of bonds and stocks and the pay
ment of coupons, interest and dividends. A legal
depository for court and trust funds.
INTEREST ALLOWED ON DEPOSITS of money
which may be made at anytime and withdrawn after
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept Separate and apart from the assets o f the
oompany.
C H IC A G O , IL L ,
CHICAGO,
9 4 <fc 9 6 W A S H I N G T O N S T R E E T .
C a p it a l, p a id -u p ............................... 8 1 , 6 0 0 , 0 0 0
U n d iv id e d e a r n in g s , in c lu d in g
s u r p l u s ...............................................
3 3 9 ,0 0 0
D e p o s it e d w it h S t a t e A u d i t o r . .
3 0 0 ,0 0 0
C A P I T A L A N D S U R P L U S , - 8 3 , 5 0 0 , OCO
INTEREST ALLOW ED ON DEPOSITS.
This Bank is directly under the jurisdiction and
•Mejyision of the State of Illinois, is a LEGAL
DEPOSITORY for Court Moneys, and is authorised
wj-st as TRUSTEE, EXECUTOR, RECEIVER and
INDIVIDUAL8 m l
GUARANTEES TITLES TO BEAL ESTATE.
MAKES ABSTRACTS OF TITLE.
OFFICEERS!
John J. Mitohell, President.
JohnB. Drake, Vice-President.
Wm. H. Mitchell, Second Vice-President,
v
„
Wm. H. Reid, Third Vice-President
James 8 Gibbs, Cash’r. B. M. Chattell, Ass’t Cash J
Is authorised bylaw to act as Registrar of Stocks John McCaffery, DIRECTORS
John B. Drake"
and Bonds, Executor, Receiver and Trustee for
Wm,H.Reld,
Wm. H, Mitohell,
John J. Mitch*
Estates, Syndicates, Individuals and Corporations.
Wm. G. Hibbard,
J. c. MoMuUin,
Trust moneys and trust securities kept separate D. B..Shipman,
J. Ogden Armour
Frederick T. Haskellfro
e assets of the Company.
O ffers in v e s t o r s in r e a l e s t a t e s e c n r i t l e i
p r o t e c t io n a ffo r d e d b y n o o t h e r s y s te m o i
d o in g b u s in e s s .
CO
R E 8PO N D E N C E S O L IC IT E D .
1850.
1894.
OFFICERS:
RNBTT, President.
A. H. SELLERS, Vice-President.
ARCHIBALD A. 8TEWART, Secretary.
CHAS. R. LABRABBB, Treasnrer.
FRANK H. SELLERS, Trust Officer.
IN T H E C I T Y O F N E W Y O R K *
DIRECTORS:
Gwynn Garnett, .
Chas. W.Drew,
OFFICERS.
W. D. Kerfoot,
John P. Wilson,
OFFICERS:;
GEORGE H , B U K F O R D , President.
Horace G. Chase,
Edson Keith,
. -J. R. WALSH, President.
John G. Shortall.
Geo. M. Bogue.
y^ ALBIGH...........
Secretary
CHAS. H. HULBURD, Vice-President.
John DeKoven,
A. H. Sellers.
Samnel B. Chase,
-A-* WHEELWRIGHT............... Assistant Secretary
SAMUEL D. WARD, Treasurer.
COUNSEL:
WM. T. 8TANDEN...........................
Actuary
LYMAN A. WALTON. Secretary
W. C. Goudy,
John P. Wilson,
ARTHUR C. PERRY........ ...................... ..Cashier
A. W. Green,
A. M. Penoe,
JOHN P. MUNN.............................Medical Director
FINANCE COMMITTEE.
GEO. G. WILLIAMS
.Pres. Chem. Nat, Bank
S T O C K S —-BON DS,
JOHN J. TUCKER............................
.Builder
Sd c c e s so k to
E. H. PERKINS, Jr ., Pres. Imp. & Traders’ Nat. B’k
S embers New York and Chicago Stock Exchanges.
H E R M A N
S C H A F F N E R
$, C O .
nJP1
of d i f e INSURANCE
*F® ! ^ CONTINUABLB TERM POLICY which
18V D E A R B O R N S T R E E T ,
3 ® insured the greatest possible amount of
ZSZ C h ica g o, I lls ,
evei A of death, at thelowestpossiCOMMERCIAL PAPER,
T O P & P n n r v Ut^ ;b and the GUARANTEED
1Private wire to New York and Philadelphia.
fofl t
embraces every valuable
154 La Salle Street, - Chicago, 111. £ t ^ rA*f«inve8£ nent “ surance, and which in the
event of adversity overtaking the insured maybe
used as COLLATERAL SECURITY FOR A LOAN.
A. O. SLAUGHTER, Member N. T. Stock Exchange] In np?r2d£??£o0f-fw ifllll legal reserTe value thereof
?M, V, BAKER, Member Chicago Stock Exchange poMcfe8danCe vntil tlie terrus and conditions of these
^®sirillF to represent the Company*
MORTGAGE RANKERS,
DIRECTORS:
AZHL F. HATCH,
CHAS. H. HULBURD,
M. W. KE RWIN,
GEO. N. CULVER,
HARRY RUBENS,
MAURICE ROSHNFBLD.
L B . WALSH,
SAMUEL D. WARD,
OTTO YOUNG
Jamieson & 'Co.,
Loeb
&
GWY n
The United States Life
Insurance Co.
A. G. Becker,
Gatzert,
12S LA S A L L li S T R E E T , CHICAGO.
t?r?p,Ul in l'«rK6 ant! small amounts
neu.Jug iuvosfcoih 5, 5% and u per cent, socure.fi hv
improved and income-bearing Chicago clt” properfl
Principal and Interest payable in Gold.
CORRESPONDENCE SOLICITED.
O. Slaughter & Co,,
b a n k e r s
,
1 1 1 -1 1 3 L A S A L L E S T R E E T ;'
C H IC A G O , I L L S ,
C h ica g o S e c u r itie s ; B ou g h
arid S old .
Arch’d. J . C. Anderson*
P U B L IC
ACCOUNTANT,
137 W a te r S tr e e t,
SEW YORK
THE CHRONICLE.
J a S l h\ 27, 1894.J
provemeot bom b offered this month, and the securities were
.-old to the Atlas National Bank of Cincinnati for a total p re
mium o f $180. The loan will be dated January 9. 1891. w ill
bear interest at the rate o f 6 per cent, payable sem i-annually,
and w ill become due at the rate o f $300 'yearly from Ju ly 9,
1895, to July 9, 1902. Both principal and interest wilt be pay
able at the office of the City Treasurer.
Rensselaer Co., N. Y.—(State is o C ity S upplement , page
oil.)—Tw o bids were received for the $7,000 o f 4 per cent re
funding bond® offered for sale by Rensselaer County this
week.
The Hud-on City Savings institution offered 101
aud the Troy Savings Bank 101 ! *. The loan w ill be dated
February 1.18W , and will mature at the rate o f $l,U0t> yearly
thereafter. The securities are issued fo r the purpose o f taking
up a part o f the war renewal bonds which m atureon February
1st, the payment o f the remaining $3,009 being provided for
from the 1898 tax lex.v. The total bonded debt o f the county,
including this issue, b $338,090. Total assessed value o f the
county tl803), $79,612 610. No payments of Rensselaer County
bonds' have ever lapsed.
St. B ernard, O hio.—The people of this city will vote on
February 24 on the question o f issuing water works and elec
tric-light bonds to the amount o f $85,000.
Sandusky, Ohio.—(S tate a s p * tty S upplement , page 84.)
— It is reported that the proposition o f issuing $30,000 of
water works extension bonds will probably be voted upon at
the next election.
Sooth Orange, N. J.— S tate and C ity S u m -R ites r, page
62.)—It >- reported that the $18,001 of 5 per cent public bud 1
ing bonds of South Orange, offered for sale on Jan. 13. have
been sold at 101-27. Interest is payable senn-annually on
Feb. 1 and August i and the bonds mature Feb. 1, 1910. but
may be redeemed at the option o f the village after February
1, 1904.
Tavares, Fla.—The people of Tavares w ill vote at an
election to be held in March on the proposition » f issuing
$4,500 o f street im provement bond*.
Waltham. Mas*.—iS ta te axd C ity S u w . emk.n t. page 31.i
This city will ask for authority to issue $30,000 o f sewer bonds.
g t n s t
(C o m p a n ie s .
T v u s t
193
Waseca, Minn.—As mentioned last week, the city o f W ase
ca offers for sale on February 6, $30,000 o f 6 per cent
30-year water works and electric-light bonds.
The present indebtedness o f the city o f W aseca is as fol
lows :
On bonds m aturing in 1900, $5,000, w ith semi-annual in
terest at six per cent.
The Independent School District o f the City o f Waseca,
which includes the whole city, issued its bonds in the sum of
$20,000 for the purpose o f erecting a school building. The in
debtedness evidenced by such bonds is all paid except the sum
o f $3,000. and that amount is now in the hands of the Treas
urer o f the school district to pay the remaining portion o f the
bonds a9 rapidly as they mature.
Besides the foregoing, in the year 1877 the town o f W oodville and tii-? then village o f W aseca voted the sum o f thirty
thousand dollars in bin ds to aid in the construction o f the
Minneapolis & St. Louis Railway.
The bonds bear six
per cent interest and mature in thirty years front the date of
their issue. These are to be paid under’ the laws authorizing
them by the township o f W oodviile and the city o f Waseca.
The taxable valuation of real aud personal property in the
township of W oodviile is $345,080. The township o f W ood ville and the city o f Waseca have each levied a one-mill tax
upon all the real and personal property subject to taxation
therein, for the purpose o f creating a sinking fuud to pay the
railtoad bonds.
The city's tax valuation for 189;. was $580,888 and the esti
mated actual valuation is $1,500,000.
Waynesboro, Pa.—Street bonds to the amount o f $15,000
have been voted by the Council.
" »-st borough, IMass.—(State and City Supplement, page
32. —Four |H?r cent sewer bonds o f this town to the amount o f
$5,000 have been voted.
West I’ oin t, Va.—W ater-works bonds of W est Point buve
been authorised >y the Legislature.
'Vinton Place. O hio.—The election which took place in this
village on December 30 to vote on issuing $25,000 o f water
works bonds resulted in favor o f the proposition.
(C o m p a n ie s .
I ’ t n a u c ia l.
C O N T IN E N T A L
Minneapolis Trust C o.} 1NYESTMEXTS IN THE SOUTH.
Exchange Banking & Trust
T R U S T CO M PA N Y,
Company,
CAPITAL,
$6 00,000.
lO O K u d u
1 * W A L L S T R E E T , M. Y .
C A P I T A L A H O R C B P 1 .C S .
-
mtm.
i T t - a i d , T jt r s T w .
tm m m m
/ M, T M f,
mtrm Mkmmmn.. Mfm
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ia
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of
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.
-
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wlH'.s*m ft, wtgait?,
A. MSBMaf Sens*,
•Vmara T, Part.
f.ftseifAE
P n n d w i t h M a in A u d i t o r ,
CHARLESTON, S. C.
* * 3 0 .0 0 ®
ft»* on «etio*i»«. n w to, menus* on tru*t Meoont
o r r o T . Ba s t s a s x .,
W tLJJAK A tM A J ID ® *
.TUSIM.1 U a c o o x a x m .
Ma c k m e 8. D v c n m . -
n n
H u t lit I n g .
mm, Ai*XMk*m smith
Hubert mjptsjmt*
iSSwi
W l™
I. * - •
*i8 iSS;S8§
Trm.nom.cim n. fie u e r a ! Unnkina and T r o e t
B aaln m a. tn tereet A llo w e d on D epoalta.
WBSCrOKS.
ITim, AND FIEHT MOKTGAUKS C
tt Wns. H. Dmtwoodr, Etrtl H
duao*i JiiB,
FltOV KD BEAT KSTATK IN OtTlES.
»ad Vsro-i»r«it.
rioo-PTMldon!: H. V. Hr.■I»fi, Sooond
VS
€orrmp*:n^rnnm mMmt&l aa to all Southern Invest
MAttaBlWfbMML Thirdi vteo. Prentdiai.t;
.
, dur.moB
ror; Mute Attract*? merit*. HoUtg within eaay reach of all parts of the
thorough and oarifttt investigation for
^ M S T J S r l . T C l t T B . tAOAdtua A . r
K*B«F« W, a. m nkm , c. CJ.
Ck*rJ*» A. pmrehiwer* ms* tm made of all inveatinents.
PliUilmrr A, IL Ltaua* tm<t P, 8. W ioim
O F F IC E R *.
Missouri Kansas & Texas
Trust Co.,
K A N * .!*
(IT T ,
S t® .
IlU ifO H o Mp r s s i
T he Nassau Trust Co.
# B O . R K D W A B H S , P r e s id e n t ,
r * K . F i C K E N a C a sh ie r.
IL. M. M li C K a N ^ U ^ S , S e c r e t a r y and
. - E A M i! F K i t R Y . S o lic it o r .
S M Y T H E 4 U S & G e n e r a l C o u n s e l.
1L
Treasurer
01 H EC TO R S.
A. &. 3. P er r y , of Johnston, Crews 4 Co., wholesale
dry ncMOdii.
WiKMAM M. Butt), o f W m . M. Bird 4 Co., whoiesoiio
im t m M a n d o il* .
rn n m
**» Vor».
«a» CkMonf «t_ PhUa. 3 A u» mm ' MA ul jlka inf ''oo ff JJaa m m A lla n A C o * J e w e le r s .
' h E n o o p . P r c n c b i s & C o ., c o t t o n
J. b , r, fitotjfHk with
or'. HoHvngrtrot, Am.tordam. UoUaad.
I H| Br«fl,4war. Brooklyn, lb* ¥.
exporter#-.
6 m o . B. B O W A U i m p r m < E le ctric* Light & P o w e r t j o
PAID
CAPITAL..................81.-430.nno
01
.#
5
0
0
,OBO
o ip m i.
tLPLtfe.......... ................
300.000 00
at »hri*L amt W
lfcNKNt&i gf&&rm4 mMfrm- ft© <
(I D ir t B I D PROFITS.....
T«,33‘J 00
_____...................
t»
i# r r * f 9tli*'W«Nlm
c the rmnMim daily
Qmthmmif of 4opmtzm tspaed for lira# Ompomlt**
ABTHCB
J
S
.
BTILWELL,
Pr**.
tm mmsm
wm$m will mmtkmmf*
46S R O O K E B Y , C H I C A G O ,
l»i#r*w*
from 4mm o f 4*po«n,
boa an o r mbwttobs .
4 $ T U B E A UN E E C L B S T ., L O N D O N .
MMiwmm ®f tow m mz m Ksecatur,
W . A V T oedA
G A . D ean.
B . i „ M grttE .
tntmr. CmmmMim
Trassm. \ . .
M«0uTttnM«. A K. Stl*l**n. A. A. M.«b«r
C A P I T A L P A I R IIP ,
§ 2 ,0 0 0 ,0 0 0
ftoeai mod Trmmimt AtmtU a©d m Reftladrarof mm** t.
w. A Tarlor, 1. B. MoKeutHan, IL A. LlojJ.
: MmM; im m legal
f for Trm^t A
I arses D eb en tu re B on ds secu red by bon d A o f M u
r. Hobart.
Cn«*. Clark,
B. P. Man,In,
m4mm.4,
f**Mteto* court.
o lcd p a litle s . W a t e r . O a * a n d R a ilw a y C o m e a n le s .
C K i/ anr.M,
A H -rj.riia r ,
w m W atarSl,
m&o tm mptormi mtiMmmi*.
E x c t 'u fe s t r u s t s f r o m in d iv id u a ls a n d c o r p o o r W. H. I.acaa
W. t>. BlacA
t>r. IL M. Howa,
........ <mtfci* mmpmmj *r» SNuyaMe thmmA tMm lohn
r, ftrrdan. K. W. M»*8'
K. iiour* Barns* H o n s . A c t * « s a g e n t f o r t h e r e g is t r a t io n a n d t m n s
ft*w Yet*
fe r o f bon d s and stock s and th e
paym ent o f
The American DebentnrelCo.
Ju I K W E I I L O C I , F r m m m K
WtLSJ.AU DICE.
JO H N T R 0 SLOW .
%•f, m
c
ivwwptwt*.:
m '
wm mTKm $
S e r n a r d T w b K t iA
co n p v jn s I n t e r e s t a n d d i v i d e n d s ,
Metropolitan Trust Co., Robert Koons & Co.,
H f &.
Wmll
H ew Y o r k .
J o h n f jo n g U t m ,
Wm, %. Hmwtth .mwm4 t . il al»i. F a * d -r s > € a p H « I . .. . ................. $ l , « « C I , 0 0 0
..........a*.*a»y**«
$90(000
,1, ft.
ImumMIIxi, H&rpl&m*. .
A« D,
A, M.
m
» l m » i 4 m fA m it»rr b y o r d e r o f
W« S\ i *wrr1ftM».■Wm. h. V*»
B m p rm m o
o s m o n e y o n to*
J-m»>,T» Wmm* w* F,.W&sM
am
o r fru m t ie r a g e i i L o r trust®© f o r
ii. Best*!! Hirnn^rf- 'SNHOorl*
m’TpotmU&m, a-ab o&mpi end tm&cm#any legal traft*
from fmrpnn* o f eorpe>fiiiiont, on as favorable terms
TRUST COM PAN Y STOCKS
m wMm afeiilifer
rh d m a a D in n o tu a . Prc*.
Krod’ k D. T apean. V .-P ra a
« WALL * T 8 t t T .
I s s u e a n d m a il u p o n a p p lic a t io n b i-m o n t h ly q u o t a
t io n s o f i n a c t iv e s t o c k s a n d b o n d s , a n d w e e k ly
d oota tk »fn * of ait m u n ic ip a l c o m p a n ie s of Phi la,
ConmetiWl} ENOE SOLICITED.
Joseph G, Martin,
AND
G IL B E R T ,
MTU
L ih r n r y S t r e e t , P h ila d e lp h ia ,
M O C K B R O K K It
I# w Hmt% T iff
W 't m r t Asn m h n
C L IN T O N
ST IK K BBO It EKS,
43S
VOilK
THE WALL STREET JOURNAL.
Am .
f j f e W a fir 3:
DEALER
MISCELLANEOUS
1 0 S t a t e H t.,
IN
8E C C K I TIBS.
v ia * ,.
THE CHRONICLE.
194
©niton.
© J O tlO ll.
W O O D W ARD
& ST IL L M A N , IN M A N , SW AN N & Co
16 to 22 W ILLIAM
o g.LVH X ,
ffin a u c fc tL
Walter T. Batch,
H enry Prescott Hatch,
A rthur Melvin, Hatch
Members of N. Y. Stock and Produce Exchange*,
W. T. Hatch & Sons,
96 Broadway & 6 W all S t , New York,
MERCHANTS,
SEW
! /
C O TT O N M E R C H A N TS,
STREET,
N ew Y o rk .
YORK.
Dealers In Investment stocks and bonds.
Personal attention given at the N.Y.Stook Ex
change for the purchase and sale on commission o f
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft ui
sight.
COTTON OF A L L GRADES SUITABLE TO
WANTS OF AM ERICAN SPINNERS.
UHilAN. S is a s A Co., Limited. New Orleiim, La.
lanutAN-DuaB Co.. Moutaomery, Ala.
LEHMAN
BROS.,
C O lV I iiS I O K M E R C H A X T S ,
Henry Hentz & Co.,
COMMISSION
No, 40 Exchange Place,
C O T T O N
NEW F O R K .
at the NBW YORK, LIVERPOOL AND NEW OBLEANS COTTON EXCHANGES. AUo order, for
FEE AND PRODUCE EXCHANGES,
N ew Y o r k .
C O F F E E
Hubbard, Price & Co.,
COTTON EXCHANGE BUILDING.
NEW Y O R K .
General Commisaion Merchants.
Members New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange, New
York Coffee Exchange, Chicago Board o f Trade.
Orders executed on any o f the'above Exchani^-s,
slso for purchase and
a
sale of cotton for
de«
livery in New Orleans and Liverpool, Llffenfi advancea made on cotton consignments.
P8.IOE* R E ID t$c €0.1
N o rfo lk , fa *
Special attention given to orders for cotton for
foreign or domestic shipment.
C O T TO N , C O TTO N SE E D O IL
AND
SOU TH ERN PRODU CE
COMMISSION
MERCHANTS
R oa m 5 i , C otton E x ch a g e B u ild in g,
NEW YORK.
Gnatavus O. Hopkins,
Charles D. Miller,
Lucius Hopkins Smith.
Samuel Hopkins.
Crenshaw & Wisner,
1 6 As 1 8 E x ch a n g e P la ce ,
COMMISSION
N ew Y o r k .
M ERCHANTS,
Members o f the Cotton. Coffee and Produce Exeh’s.
- — ):o;f----
SULPHUR
MI NES
AM U
P R O Y IISIO W S
B A N K E R S AND B R O K E R S .
Contracts for Cotton Future Delivery executed on
the Liverpool, New Orleans and New
York Exchanges.
NEW Y O R K ,
i NEW O RLEAN S,
5 4 -5 0 B r o a d S t r e e t .! 1 0 0 C om m on S tre e t.
J. O. BLOSfi.
Gxo. H, CHURCH, Special
J.-O. BLOSS & CO.,
COTTON
M ERCH AN TS,
W illia m S t r e e t ,
NEW Y O R K .
W . D . RO EfXTBBi:.
A L B E R T L . ROUNTREE ■
W. D. Rountree & Co.,
COMMISSION MERCHANTS
C O TTO N E X C H A N G E B U IL D IN G . N E W
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.
A. A. Goldsmith, Agt.
COTTON BROKER.
SAMPLES AND PICKINGS A SPECIALTY.
C H A R L E S T O N , S. C.;
Correspondence Solicited.
Geo. H. M°Fadden & Bro.
COTTON M E R C H A N T S,
P H IL A D E LP H IA .
L i v e r p o o l Co r r e s p o n d e n t s
A le x a n d r ia , J
L r v e r p o o l. I
C O MP A N Y ,
OF VIRGINIA,
High-Grade Pyrites, free from Arsenic.
F r e d e r ic Z e r e g a A; Co.
Br e m e n Co r r e s p o n d e n t s
M cF a d d en , Z e r e g a Sc C o.
AND
GRAIN
FOR FUTURE DELIVERY.
Frederick Paxson & Co.,
STOCK B R O K E R S,
DREXEL BUILDING, PHILADELPHIA.
^PrlTate 'Fires to New York Stock and Cotton
Exchangee and Chicago Board o f Trade?
"
M. T. Ma in s .
W ii . R a y .
B. F. EVANS, Spec
Geo. Copeland Sc Co
COTTON
1 2 9 F e a r l S tr e e t,
BROKERS,
.
N ew T o:
..S o li? 1 lBn« ei M “ UlsHom Southern marks
Orders for future deliyery contra
executed on New York Cotton Exchange,
Members of New York and Boston Stock Exchanges5
American Exchange Bank,
S T . L O U IS , M O .
C a p ita l, - 8 5 0 0 ,0 0 0 1S * r » if!« » • iS*A5B006>
PETER NICHOLSON, President,
ALVAH MANSUR, Vice-President.
WALKER HILL, Cashier,
We send d i r e c t to every hanking point in Mo.
We have for sale first class bonds, paying
5 1-2 to 6 per cent Interest,
well secured, and which we are confident will sell
higher in the future.
HATCH
&
FO O TE , B an k ers,
7 P IS E S T R E E T . K SW Y O R K
S. White, Jr.,
COMMISSION
3ROKER
56 B R O A D W A Y ,
Member Consolidated Exchange. Commission 1-16
Private wire to Philadelphia. U.. 8. Leather Stock
and Bonds a specialty
Bliss, Fabyan & Co.,
N E W Y O R K , B O S T O N ,F e E iL A J B J S t F H I A v
Selling a g en ts f o r L eadin g B rands
BROW N
and B L E A C H E D S H IR T IN G S
a n d S H E E T IN G ® ,
PRINTS, DENIMS, TICKS, DUCKS, * 0 .
T o w e ls , Q u ilts, W h ite G ood s an d H o s ie r y .
Drills, Sheetings, i£«,, fo r Export Trade.
J. Spencer Turner,
Edward E. Higgins,
SUCCESSOR TO
Expert in. Street Railway Vataes an#
Economies,
B r i n c k e r h o i f , T u r n e r & C o .,
COTTON
H I G H G R A D E I NYI S' t f MENTI S*
Atwood Violett & Co.,
AQBNCr OF
& CO. ,
MASS
Private wires to all important points North, South,
East and West.
Im p o rte rs ol E gyptian C otton .
PLANTA
BOSTON,
at the NBW YORK PRODUCE EXCHANGE and
the OHICAGO BOARD OF TRADE.
33
Hopkins, Dwight & Co.,
B A N K E H 8-
at the NBW YORK COFFEE EXCHANGE, and
G R A IN
Orders executed on the above Exchanges as well
as in New Orleans, Chicago and foreign markets.
F. H. Prince & Cocj>
16 t o 3 2 W illia m S tre e t, N e w ¥ o r K .
BXBCUTB ORDERS FOR FUTURE DHLITBRT
MEMBERS OF THE STOCK, COTTON, COF
J,
MERCHANTS,
MANUFACTURER AND DEALER IN
C O T TO N SAIL DUCK
AND ALL KINDS O f
COTTON CANVAS FELTING DUCK,
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, &e.,
POPE “ AWNING'1STRIPES,
AG3NT
U N ITED S T A T E S B U N T IN G CO.
A TiiU supply all Width* and Color*, always in
stock.
,
1 0 9 B n a .n « fitrset.
R. H. ROUNTREE & CO.,
C otton ,
G ra in , C offee an d P r o v is io n
C om m ission M e rc h a n ts.
Cotton Exchange Building,
NEW Y O R K .
CORRESPONDENCE INVITED,
H a v e m e y e r B u i l d i n g , © tw etlan dt S t ..
NBW ¥ #K K .
Jos. O. Osgood,
M. Am, 800. <J. S ,
C O SfSU LTEN G EW GBW.EEK,
120 BROADWAY, NEW YOBK.
Makes speoialty of reports an railroad* and other
■nvestment properties.
Kxamtnatfons made In any part o f the country.
Fifth Avenue Hotel,
M a d is o n S qu are? N e w f o r k .
The largest, best-appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK, DARLING M 00,
@FedFRASER