Full text of Commercial and Financial Chronicle : January 28, 1893, Vol. 56, No. 1440

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

H U N T ’S M E R C H A N T S ’ M AGA ZI NE,
§ U w £ trp n ,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES,
E n tere d aooord lag to A o t o f C ongress, In th e y e a r 1 8 9 3 , b y W m . B . D a n a & C o ., In th e offloe o f th e L ib r a ria n o f C ongress, W ish ln gto n , D. 0 .

YOL. 56.

SATURDAY, JANUARY 28, 1893.

% \x t

ford 68; Omaha, 67*5 ; Galveston, 62'7 ; Des Moines, Id'S,
and Portland, Maine, 43 -8 per cent. The returns from Canada
also make a favorable exhibit.

C lx rm v ic le .

Terms of Subscription—Payable in Advance:

Terms of Advertising'—(Per inch space).

&

T hree M onth s (13 t im e s ). .$ 2 5 00
S ix M onths
(26 “ ) . . 43 00
T w elv e M on th s (52 “ ) . . 58 00

London Agents:

M essrs. E d w a r d s
S m i t h , 1 D r a p e rs’ G ardens, E . C., w ill ta k e sub­
s c r ip tio n s and a d v e r tisem en ts, a n d su p p ly s in g le c o p ie s o f th e p ap er
a t I s . each .
W ILLrAM E. DANA. C W I L L I A M I * . D A N A & C o ., P u b l i s h e r s ,
4
1 0 2 W i l l i a m S tre e t, N E W V « R K .
JOH N G. FLOYD.
(
p o s t Of f i c e b o x 9 5 8 .

C L E A R IN G H O U SE R E T U R N S .
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, January 28, have
been $1,384,885,451, against $1,455,087,322 last week and
$1 ,215,005,453 the corresponding week last year.
CLEARINGS

Rt r sb Tle r p,
eun y e ga h

28.

1892.

N e w Y o r k .....................................
B o s to n ............................................
P h ila d e lp h i a ................................
B a ltim o r e ......................................
C h ic a g o ...........................................
t. L o u is ......................................
N e w O r l e a n s ..............................

$ 6 9 4 ,0 4 0 ,8 8 3
8 6 ,4 7 0 ,6 8 0
6 9 ,1 2 6 ,9 8 6
12,364,773
82,3 2 1 ,1 1 6
20,3 8 2 ,5 1 5
11,267,116

*6 1 7 .9 0 0 ,1 6 0
7 2 ,4 9 5 ,8 1 9
51,608,713
1 4 ,0 62,967
69 ,8 0 1 ,5 0 0
17,709,119
10,717,393

+ 1 2 -3
+19*3
+ 26*6
-1 2 - 1
+179
+151
+ 5 -0

S e v e n c itie s , 5 d a y s ..........
O th e r c itie s , 5 d a v s ...................

$ 9 7 5 ,9 6 4 ,0 6 9
167,913,275

$ 8 5 7 ,2 9 5 ,6 7 1
141,0 1 8 ,2 9 4

+13 8
+19*1

T o ta l a ll c itie s , 5 d a y s ___
A ll c itie s , 1 d a y ..........................

$ 1 ,1 4 3 ,8 7 7 ,3 4 4
2 4 1 ,0 0 8 ,1 0 7

$ 9 9 8 ,3 1 3 ,9 0 5
2 1 6 ,6 9 1 ,4 8 8

+140
+11*2

8

T o ta l a l l c i tie s f o r w e e k ..

Sle o—
as f
New Y o rk .

$1,3 8 4 ,8 8 5 ,4 5 1

$ 1 ,2 1 5 ,0 0 5 ,4 5 3

+14*0

The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearing being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Below are our usual detailed figures for the previous week,
covering the returns for the period ending with Saturday
noon, January 21, and the comparative totals in 1892. The
statement is a very satisfactory one, the gain over the pre­
vious week being nearly ninety-four millions of dollars.
There has been more activity on the N. Y. Stock Exchange
and transactions in cotton and grain exhibit an increase over
the week ending January 14. Instituting comparison with the
c orresponding week of last year we find that there are but
e'even cities recording any falling off and that at many
points there are considerable gains. In the whole country the
increase is 14’8 per cent, and outside of New York it reaches
18’4 per cent. The ratio of excess over 1892 is very large at a
number of cities, notably Houston, 69 -2 per c e n t; New Bed-

790,342,15

+12*'

1892.
$
803,081,74

)
(2,918,517
)
(1,422,700
) (35,880,725

(2.280,307
(713,300
(33,619,900

(+24*0
(+ 9 8 1
(+6-3

(2.462.003
(1.108.700
(17,686,402

(+5*2)
(+21*7)
(-60-7)

93,909,27(1
5,860,101
2,094,941
1,654.69C
1,605,82:
l,3OO,03g
1,104,22(
808,107
502,867

+20*fi
+19-:
+ 2 7 ’(
+4*3
-3 -2
+22*5
+42 f
—23'(
+68'(

+7*3
+1*0
+31*9
+12*2
4-17*8
+15*0
4-19-0
+4*7
+9*3

.

1892.

14

1893.
„
*
890,479,08

|P .

P.

—0*8

B o s to n .............................. .
P r o v id e n c e ..................... .
H a r tf o r d .........................
N ew H a v e n ....................
S p rin g fie ld ......................
W o rc e s te r.................
P o r tla n d ............
....
L o w ell....................v .. .
New B e d f o r d .................
F a ll R iv e r* .....................
T o ta l N ew E n g la n d .

113.192.79S
6,930,701
2,60O,94(
1,727.79:
1,553,79'
1,593.09:
l,5?0,8Of
005,09!
844,705
859,201
130,797,015

108,960,738

+20 0

112,077,891
0.371,101
3,797.171
1,723.39''
l,575,69(
1,309,893
1,539,5*23
731,55?
001,923
892.23C
130,438,151

P h ila d e lp h ia ....
P itts b u r g ............
B a ltim o re ...........
B uffalo.................
W a s h in g to n —
R o c h e s te r...........
S y ra c u s e .............
W ilm in g to n — .
B in g h a m to n .......
T o ta l M id d le .,

82,733,550
10,004,546
15.97L.23S
8,903.82^
2,132,207
1,040,796
1,073,234
1,051,021
295.20C
130.405,074

70,308.797
18.21-2.S62
16,638,191
8,310,O6(
1,733,674
1,343,326
1,001,41C
930,31c
274,700
116,754,143

+17*7
+2 6
—4C
+7-1
+23*0
+22*1
-+-7*1
+13*C
+7*5
+11 7

77,752.345
15,093,52(
15,792,67J
8,500,55/
2,439,00i
1,894.682
1,052.152
9O4.05C
289.700
124,319,5*88

C h icag o ............
C in c in n a ti.......
M ilw a u k e e .....
D e tr o it..............
C le v e la n d ........
C o lu m b u s.........
I n d ia n a p o lis ...
P e o r ia ...............
G ran d R a p id s ..
L e x in g to n ........
S a g in a w ............

109,035,689
10,628,75C
9.087,252
7,589,442
0.O07.13C
3,353,80C
1,163,202
1.751,805
1,079,983
663,519
416,710
206.009
302.241
158,837,289

88,835,719
15,078,850
6,983,766
6,440,628
5,737,911
3,002,000
2,284,908
1,765,591
1,124,534
422,119
341,720

+23*4
+10*3
+30-1
+177
+5*7
+11*7
-49*1
-0 2
- 4 '0
+33*5
+21*9

107,058.348
10,509,60C
8,7 5,124
8,340,749
0,600,000
3,309,500
1,100.990
1,980,200
1,140,171
602,227
395,025
205,722

132,013,747

+19 0

155,753,934

+10*5

14,299,618
1,963,700
1,052,900
901.112
1,004,908
844,489
296,000
100,000

+13*2
+2*3
+5-9
+23*7
-7*2
+8*9
—19*5
+13*8

+1*8
+10*8
-1 3 2
+26*1
-10*0
+71*3
-9*8
+2*0

21,121,792

+10*4

17.766.945
2,288,240
1,705,087
1,050,000
936,740
1.217,341
270-480
1*22,104
1,257,172
988.917
25,358,637

8,997.320
0.480,210
4,870,513
4.944,987
4,898,872
1,971,153
2,058.346
1,143.758
874,541
508,673
037,700
405,892

+31*3
+27*0
+16*8
+07*5
-j-18'8
+7-1
+35*2
+26*0
+46*9
+ 8-7
+11*3
+15*0

+4*4
+9*6
- -10*9
- -33*8
- -15*0
—3*4
- -20*3
- -28*3
- -37*0
+4*5

37,792,037

+30*1

11,307,846
8,200,829
5,149,382
7,989,932
5,586.058
1,089,531
2,183,194
1,440,013
1,274,211
505,091
714,556
406,581
43,5*26
46,570,224

22,275,705
11,698,370
7,202,597
2,079,090
2,630,888
1,791,509
1,845,683
2,000,000
1,349,949
1,331,265
1,200,000
890.38S
1,025,000
656,031
800,000
552,795
407,911

+25*0
+25*0
+10*0
+ 5 2 '7
—14*0
-11*5
+09*2
+17*5
+12*4
+3*5
+5*4
-31*2
+0*9
+2P9
+3*1
+ 4-0
+12*6

00,237,247

+20*3

Akron*',
S an F ra n c isc o ..,
P o rtla n d ............ .
S a lt L a k e C ity .
S e a t tle ................
T a c o m a ..............
Los A n g e le s ....
G re a t F a lls .........
S io u x F a lls .......
S p o k an e* ............
H e le n a * ............
T o ta l P a c if ic ..

W kE d gJ n ay
e n in a u r
e
PrCn.
e et

1893.

W kE d gJ n ay kB do a .
e n in a u re n ’ J n
e
W
e
0"
*>
Ot
m
.
%
21.

F o r O ne Y e a r ........................................................................................ $ 1 0 00
F or S ix M o n th s....................................................................................
6 00
E u rop ea n S u bscription (in clu d in g p o s ta g e )......................... 1 2 00
E u rop ean S u b scrip tio n S ix M onth s (in clu d in g p o s ta g e ).
7 00
A n n u a l S u b scrip tio n in L ondon (in clu d in g p o s ta g e )___ £ 2 10s.
S ix M os.
do.
do.
do.
...£ 1 1 0 s .
T he I n v e s t o r s ’ S u p p l e m e n t o f 1 6 0 p a g e s is issu ed e v er y oth er
m on th , on th e la s t S a tu rd a y s o f Ja n u a ry , M arch, M ay, J u ly , Septem ber
an d N ovem ber, a n d fu rn ish ed w ith o u t e x tr a c h a rg e to a ll su b scrib ers
o f th e C h r o n ic l e for s ix m o n th s or lon ger.
The S t a t e and C i t t S u p p l e m e n t o f 1 8 4 p a g e s is a lso g iv e n to e v e ry
y e a r ly sub scrib er o f th e C h r o n ic l e .
S u b scrip tio n s w ill b e c o n tin u e d u n til d e fin ite ly ord ered stopped.
The p u b lish ers ca n n o t be resp o n sib le fo r r e m itta n c e s u n le ss m a d e by
d ra fts or P o s t Office m o n ey orders.
F ile c o v er s a re so ld a t 5 0 c e n ts ea ch , an d to n e w su b scrib ers for a
y e a r on e tile o o v ei is su p p lied w ith o u t ch arge ; p o s ta g e o n th e sa m e is
1 8 c en ts.
O n e t im e ...................................... $ 3 50
O ne M onth
(4 tim e s ).- 1 1 0 0
T w o M onths
(8 “ ) .- 18 0 0

NO. 1440.

10,183.425
2,013,068
. 1,750.000
1,114,763
988.399
919,235
238,264
113.827
1,041,247
1,090,108
23,320,981

K an sas C ity ................
M in n ea p o lis................
St. P a u l.........................
O m a h a ..........................
D e n v e r..........................
D u lu th ...........................
8 t. J o s e p h .....................
S io u x C ity .....................
D es M o in e s.................
W ic h ita .........................
L in c o ln ..........................
T o p e k a .........................
E m p o ria, K a n .* ..........
T o ta l O th e r W e s te r n ..

11.814,223
8,230.946
5,691,205
8,285.149
5,818,440
2,111,613
2,782,612
1,441,443
1,284,397
542,871
709,792
406,705
59,343
49,197,426

S t. L o u is ................
New O r le a n s .........
L o u isv ille ................
G a lv e s to n ...............
M em p h is.............
S a v a n n a h ................
H o u s t o n . . . . . ..........
R ic h m o n d .............. .
N a s h v ille .................
A tla n ta ...................
C h a r l e s to n ..........
N o rfo lk ....................
D allas........................
F o r t W o r t h ............
W aco..........................
B irm in g h a m ...........
C h a tta n o o g a ..........
J a c k s o n v il le * .......
T o t a l S o u th e r n .

27,833,490
14.08S.367
8,397,370
3,174.514
2,203,165
1,584,062
3,123 252
2,350,000
2*079,717
1,378.124
1,264 530
012,777
1,095.488
800,000
825.000
578.100
459,287
433,950
72,507,855

T o ta l a l l .................
O u ts id e N ew Y o rk ..

1,465,08?,3a8 L.267.221.858
504,608.240 476,879,704

12 974,010
M o n tr e a l....................
0,991,507
T o ro n to ......................
1,143,040
H a lifa x .......................
707,718
H a m ilto n .................
21,870.881
T o ta l C an ad a. .......
* N o t In c lu d e d In to ta ls .

9,647,848
5,588,719
1,000,592
778,930
17.082.08B

27.191,325
14,920.624
8.653,270
3.823.670
2,810,767
1,720.617
3,273.892
2,fH0,000
2,530.073
1,712,700
1,387,992
9o 5,045
1.150,000
865.302
98O.U0O
588.99
505.696
495,012
75,722,828

+7*9
+9*4
-10*6
+2*0
+27*5
f30*9
4-4*1
+3*3
4-3*9
+5+
+10*8
+7*5
+ 2 2 ’2
+24*4
+20*7
+4*2
-ol*3
-10*0
+00
+24*2
+1*4

+3*2

+109
+13*5
4 -16*7
-17*0
-11*4
-42*4
-11*3
12*3
+ 58*7
4 10*0
25*9
H
- -19*0
+11*0
—4*7
+15*0
+56*0
-2*0
+11*4
+17*0

....

+17*1

+ 1 4 ’8 L,301,243,511

-5*8

+18*4 558,161,70 2

+9 5

+34*5
+25*1
+72
—1*4
+ 28*11

13,412,187
7.081.552
1,113,990
722,998
22,333.727

+10*7
+8*7
-6*8
-1*5
+8*«

THE CHRONICLE.

142

[Von. LA71.

crease of over 32 million dollars. As a result of this
decrease in exports, the balance in favor of the
S T A T E A f l B C ITY E E f A ^ T M E ^ I T #
country (excess of exports over imports) was only
S e e p a g e * 1 7 3 , 1 7 1 , 1 75 a n d 1 7 6 for our State and 17 million dollars against 504 millions in Decem­
ber 1891. For the six months to December 31
City Department.
1892 the exports, as shown in 8ur article on another
All advertisements with relation to State and City Bonds
page, have fallen off as much as 92 million dollars, and
will likewise be found on the same and following pages.
the trade balance is only 14f millions against 1554
millions in the last half of 1891. Thus natural
A n e w edition o f t h e
causes are at the moment tending to aggravate the situ­
ation. Nor does there appear any likelihood of an im ­
S T A T E A W CJTY S U F F lS V r E V T ,
revised to as near the day of publication as possible, will be mediate improvement in the state of our foreign trade.
issued in the month of April, and will be given without Such conditions obviously make it more than ordinarily
important that we should seek to restore foreign confi­
charge to all yearly subscribers of the C h r o n ic le .
dence, thereby checking farther withdrawals of European
capital and inducing a return flow of such cipital—and
T H E F IN A N C IA L S IT U A T IO N .
there is no way of accomplishing this so surely and so
In the coarse of the stock market this week we have promptly as by repealing the obnoxious silver lawan excellent illustration of how sensitive Wall Street is We are glad to see that our merchants and business
regarding the currency danger. Up to the present men have taken the matter in hand, and through resolu­
week the conspicuous feature of the new year had been tions and petitions are undertaking to acquaint Congress
the great revival of confidence in the future of values, with the sentiment of the mercantile community. We
leading to very general buying, both for investment are persuaded that it only' requires vigorous action on
and speculative account, and to a sharp and pronounced the part of our business men to secure the end sought.
There have been further considerable shipments of
rise in prices. The reason for this better feeliDg must
have been obvious to the most casual observer. I t was gold this week, $775,000 going out on Tuesday and
based on the idea that Congress might be depended on $3,100,000 having been engaged for shipment by the
speedily to repeal the Silver Purchase Law of 1890. steamer sailing tc-day. These exports, however, have
The wise and far-seeing statesmen at Washington, how­ had no influence of moment on the money market, as
ever, who assist in guiding the destinies of the very large amounts of currency continue to come to this
nation, placed a totally' different construction upon the centre from the interior sections of the country ; more­
movement. To them it was evidence that business in­ over, last week’s bank statement showed a remarkable
terests were giving themselves no concern about the increase both in money holdings and in surplus re­
currency situation—that there were no indications of serve—$11,192,500 in the one and $6,919,150 in the
alarm, and therefore no special need or urgency for the other—and the banks held altogether $22,529,600
legislative mind to address itself to a consideration of above the 25 per cent requirement. Such conditions of
measures intended to secure relief from the operation course are favorable to easy rates. On call loans asof the existing law- This week the slow progress making represented by bankers’ balances the rate has not
by Congress in its ordinary legislative work, the attitude at any time got above 4 per cent, while loans
of hostility to a repeal of the silver law assumed by some have been made as low as 1 per cent, the average for
of the members, and the apparent apathy and indif­ the week probably being not above 3 per cent,
ference of many other members, appear to have created which also has been the rate for renewals. Supplies
apprehensions among the public lest after all the ob­ have been abundant and have come from all sourcesjectionable statute might not be expunged at this ses­ In time money a little firmer tone has developed towards
sion. Note the result. Instead of a further rise in the close of the week under the large gold exports; still,
prices there is a decline, the feeling of buoyancy disap­ rates are quoted lower than last week. Lenders, as
pears, and holders show a decided inclination to dispose previously noted, evince reluctance to accept ,{indus­
of their stocks, for should the country drop to a silver trial” securities as collateral, while on the other hand with
basis who can tell what these securities would be worth many of the borrowers bolding some of these securities
or how severe and prolonged the depression in trade and the desire is to secure loans where a moderate quantity
business which might follow such a transition.
of such collateral can be placed. On good Stock Ex­
This experience ought to convince our legislators of change collateral rates are 34 per cent for 30
the seriousness of the existing state of affairs and of the days, 4 per cent for 60 days to four months
dangers which its continuance threatens. For it is to and 44 per cent for contracts extending over
be remembered that the country is not as well prepared five to six months.
Commercial paper is in
as it was twelve mouths ago to resist a drain of gold good demand, both from city buyers and those out-ofand withstand the evils arising from the present policy. town, and the better class of paper is very readilyI t is not alone that the Treasury position is weaker, taken. There has been some increase iu the supply of
and that as we have less gold left we have less to spare, notes during the last day or two, but not in sufficient
but that the condition of our foreign trade is much amounts to leave any accumulations on the market.
less favorable. Last year our merchandise exports Rates are 44 per cent for sixty to ninety day endorsed
were steadily increasing and the balance of bills receivable, 4f@54 per cent for four months’ com­
trade in favor of the United States growing corre mission house names, and 54@6 per cent for good single
spondingly larger. The present year the export names having from four to six months to run.
values are falling off and with them the trade
In Europe the developments in connection with
balance. This is well shown in the return for Decem­ the bank failures in Italy have been rather disquieting,
ber and the last six months. In December 1892 the and it is reported that several Italian statesmen and
merchandise exports amounted to only 187,515,274 politicians are involved in a decidedly unpleasant
against $119,935,896 in December 1891, being a de­ way with the affairs of these institutions. The influence
THE

#

J anuary 28, 1893.]

THE CHRONICLE

143

of the disclosures, however, does not appear to have ex­ Iron Company there is a very large increase in gross
tended outside of Italy. The Bank of England on Thurs­ receipts, but the comparison in that case has very
little value, siflee the 1892 figures include the bus­
day reduced its minimum rate of discount from 3 to
jier cent, being the first change since October 20 1892. iness of the Lehigh Valley Coal Company, while
According to our special cable the Bank gained £418,- those for 1891 do n o t; the profit from min­
is $99,303 on
the larger business of
388 in bullion during the week, and held at the close ing
£25,783,866 ; our correspondent also advises us that 1892, against $72,324 on the business of the Reading
this gain was due to large receipts from the interior of alone in 1891. For the Railroad Company there is an
Great Britain, £536,000 having gone into the Bank increase in gross earnings from $1,881,522 to $1,968,from that source, this being offset by a lo3S of £118,000 367, and in net earnings from $907,684 to $916,935.
on the export and import movement; the latter amount Charges however were somewhat heavier in December
is made up of £100,000 exported to France and £100,- 1892 than in December 1891, and an increased amount
000 exported to the Argentine Republic, and £82,000 was also spent on permanent improvements, so the
imported—£50,000 from Australia, £25,000 from surplus above charges is only $259,364 for 1892,
Germany and £7,000 from other sources. The against $303,395 for 1891. No figures for the Lehigh
Bank of France reports a loss of gold for Valley are furnished this time, probably because the
the week in the large amount of £1,787,400. It accounts for December have not yet been written up,
is supposed that a part of this I033 represents gold that road usually being a month behind the Reading
taken for Germany. At any rate the Bank of Ger­ in its returns. The Erie, which also has a large coal
many since its last return has gained about £900,000 of traffic, besides a heavy trunk line business, reports for
th at metal. The cable reports discounts of 60 to 90-day December a decrease of $102,424 in gross earnings, but
bank bills in London down to 1 @ Lf per cent. A t Paris an increase of $22,663 in net earnings.
the open market rate is 2£ per cent, at Berlin it is I f
The December statement of the Pennsylvania Rail­
road has also been issued this week, and it is of the
per cent and at Frankfort 1£ per cent.
The foreign exchange market has been without usual character—that is, it shows satisfactory develop­
important feature this week. The tone has been quite ment in gross receipts, hut an augmentation in ex­
firm most of the time, but yesterday was a little easier penses greater than the gain in earnings, thus causing
under the offerings of bills against the gold exports. a loss in net. On the lines east of Pittsburg and Erie
•Commercial bills continue very scarce. The effect of gross earnings have been added to in amount of $138,th e reduction in the Bank of England rate of discount 094, and on the lines west of Pittsburg and Erie in
was to weaken sight bills and cable transfers a trifle amount of $49,975 ; hut iu the net there is a decrease
and to make 60 day bills a little firmer. Brown Broth­ in the one case of $32,033, and in the other a decrease
ers & Co. reduced their nominal asking rates on Mon­ of $51,366. The following furnishes a comparison on
day to 4 86^ for long and to 4 88^ for short, and the Eastern lines for the last six years, both for De­
yesterday the Bank of British North America reduced cember and the twelve months.
its sight rate to 4 88£, leaving the 60 day rate un­
L l\'E 3 e a s t o e
1892.
1887.
1891.
1890.
1889.
1833.
changed at 4 87; the other leading bankers still quote
P it t s b u r g .
4 87 and 4 89 respectively. Rates for actual business yes­
Drne s ....... r5,931,923 5,796.829 5,305,319 5,495,284 4,803,082 4,892.954
e inme. $
cg b
*
*
*
*
?
terday were 4 86 to 4 86i for long, 4 87£ to 4 87-J for G ross e a ex p e n ses. 4,104.247 4,234,120 3,709.208 3,831,026 3,612,231 3,511,059
O p e ra t’g
short, 4 874 to 4 88 for cable transfers, 4 85| to 4 86
N e t e a r n in g s ... 1,530,67d 1,562,709 1,596,111 1,664,238 1,195,846 1,381.895
for prime and 4 85 to 4 85£ for documentary commer­ J n o e.
a1. Dc68,811,845 67,426.841 66,202,260 61,514,445 58,172.078 55,671,313
t 31.
G
s
cial bills. As stated above, $775,000 gold was exported O ross e a rnxin g n....... 48.819,362 45.947.446 41,980,555|41.09B,S05(39,331.153jS7,088,585
p e ra t’g e p e se s.
on Tuesday and $3,100,000 more ha3 been engaged
N e t e a rn in g s ... 20.022.483'21.479,396 21,221,70; 20,417.6 •O 18,810,92.i 18,584,728
for shipment to-day.
For the foregoing it will be seen that for the twelve
Both the Delaware & Hudson and the Delaware
months of 1892, as compared with the twelve months
Lackawanna & Western have submitted their annual
of 1891, there has been an increase of $1,415,004 in
statements this week, and, as expected, both make a very
gross earnings, but a decrease of $1,456,913 in net
satisfactory showing. Especially is this true as regards
the Delaware & Hudson, that company having earned earnings, expenses having increased $2,871,917. For
the Western system the loss in net is only $187,462,
10‘11 per cent on its stock in 1892 against only 7'35
but this is on a gain of pretty nearly three million
per cent in 1891. Gross receipts increased from
$19,109,203 to $20,438,541 and net earnings from dollars in gross earnings—actually a gain of $2,999,942.
If we combine the two systems, we find an increase of
$5,597,427 to $6,460,784. It is interesting to note
that almost the whole of the gain in gross receipts $4,414,946 in gross earnings, attended by an augmen­
tation of over six million dollars in expenses, thus
occurred in the coal receipts, these latter having risen
from $8,335,010 in 1891 to $9,629,333 in 1892. The causing a loss in net of $1,644,375.
The following gives the week’s movements of money
Lackawanna shows an increase in gross receipts from
to and from the interior by the New York banks.
$41,849,754 to $46,226,283 and in net receipts from
h
ee ekip n b m
$7,955,163 to $8,444,402. In this case the coal receipts
W kE d gJ n ay.Y BnbBe sMor e t
e n in 27,1893. rNc ivdFs pdA.'rfZueion.
e
a u R . aS.ya k y ite r
N.
-are not separately reported ; the company transported
$ 7 ,2 7 0 ,0 0 0 $1,5 7 2 OOO G a in .f 5 ,6 9 8 ,0 0 0
9,006,824 tons of coal in 1891, and 9,327,446 tons in G o ld .........................................................
3 2 9 ,0 0 0
412 .0 0 0 G ain .
741.000
1892. After appropriating $464,539 for new rolling
T o ta l g o ld a n d le g a l te n d e r s . . . $ 8 ,0 1 1 ,0 0 0 $ 1 ,9 8 1 ,0 0 0 G a in .? 6 ,0 2 7 ,0 0 0
stock, side tracks, &c., in 1892, against only $121,474
With the Sub-Treasury operations and gold exports,
in 1891, the balance remaining for the stock is equal to the result is as follows.
9'98 per cent on the company’s capital, against 9'21 per
e oe
Ia
WkE d gJ n ay2no . G uafsBn hnins
u n in a1893. r Btk Bo .NtCa g in
u 7 ns t n a kHld g.
,
cent in 1891.
k
The Philadelphia & Reading, auother anthracite B a n k a ’in t e r io r m o v e m e n t, a s ab o v e $8,01 1 ,0 0 0 $1,984,000 G atn.*l>,027,000
company, has furnished its return for December, the S u b -T re a s . o p e r. a n d g o ld e x p o r t s ... 2 1 ,700,000 2 5 ,8 7 5 .0 0 0 1,0 8 4 ,1 7 5 ,0 0 0
T o ta l go!6 a n d le g a l te n d e r s ....... $29,71 1 ,0 0 0 * 2 7 ,8 5 9 ,0 0 0 G a in .* 1 .8 5 2 ,0 0 0
first month of the new fiscal year. For the Coal &

THE CHRONICLE.

144

[VOL. L V I.

The following table indicates the amount of bullion had been so greatly reduced by the Connellsville cokestrike.
in the principal European banks.
PRODUCTION OP PIG IRON IN HALF-YEARLY PERIODS.
n ay
J n ay
X t
Bn o Gld S r r oa GJ . S r r Tt l. 1 8 8 5 — 2ds tH Hlfa..................2r,1Tons.1 6 1 8 8 9 — 2 d 1 sHHaall............... 4 ,1 0 0 .9 9 5
a k f oa u e.T t L oa u e. oa
1
lf ..............2 5 0 ,8
t
ll .............4
ld ilv
. ilv
a
,3 ,0
,4 1 ,0
t
,1 7 ,7 7 5
lf ............
,2 9
£ 1 8 8 6 — 2 d1 s tH Hlfa...............32,4,9157149,1 10593 1 8 9 0 — 2d 1 sHHa a lf .............5,1 9095 ,2 5834
£ £
£
£ £
lf ............... 5
a
26. 1893.

28,1892.

23,034.727
25,783.806 23,034,727
111,613,800 54,153,00C 50.112.000 104,205,000
45,115.600 36,010,500 12,005,500 48.022.000
27.471.000 5.476.000 10.601.000 22.137.000
3,163,00b 0,574.000 9.737.000
10.232.000
4,038.000 2.780.000 1.390.000 4.170.000
12.698.000 7.053.000 5.190.000 12.243.000
T o t. th is w eek 145.069.300, 91,882,900 237,552.206 131,676,227 91.932,600 223.008,727
T o t. p rev . w ’k 148,090.883 91,583,313 239,074.196 131,500,849 91.821,500 223,322.349

E n g la n d ..........
F ra n c e ............
G e rm a n y * ....
A u s t.- H u n g ’y
N e th e rla n d s ..
N at.B elgium *
B paln...............

25,783,866
61.594,800
33,830,700
10,575,000
3.170.000
3.092.000
7.011.000

50.019.000
11,278,900
16.896.000
7.066.000
1.540.000
5.087.000

U N PR E C E D E N TE D I R O N CO NSU M PTIO N.
In the industrial growth of the United States in re­
cent years no feature has been more noteworthy than
the marvelous expansion of the iron industry. The
United States now not only outranks every other nation
in the production and consumption of iron, but has so
greatly increased its lead over Great Britain, which
formerly held first position, that there would appear to
be little likelihood that the latter country can regain
its supremacy in the near future except under very
exceptional circumstances—say extreme depression in
business in the United States or a revival of trade in
the world at large, for be it understood that the
widening difference in the annual output of the two
countries has arisen not alone from the increase of pro­
duction in the United States but also from the de­
crease of production in Great Britain, the make of pig
iron in the United Kingdom having steadily dimin­
ished for several years. The reason for the diminution,
of course, is that trade has been bad in many different
parts of the globe, and the commerce of the mother
country being world-wide, her industries naturally re­
flect the presence of these unfavorable influences.
The American Iron & Steel Association at Philadel­
phia has published the statistics of production for the
lata year, and from these it appears that the make of
pig iron in the United States for the twelve months of
1892 reached the large total of 10J million net tons
(10,255,840 tons) of 2,000 lb3. What the output of
Great Britain was during the same period cannot be
stated at this time, since the British statistics have not
yet been compiled; but from what is known of the
course of affairs there it seems not unlikely that the
production may fall from one and a-balf to two million
tons short of that in the United States.
While
we produced 10,255,840 tons in 1892, our product in
1891 was only 9,273,455 tons, showing an increase of
pretty nearly a million net tons. In 1891, however, the
output had been reduced by the Connellsville coke
strike and other unfavorable circumstances. Com­
paring with the output for 1890, we find that the
amount for 1892 almost approaches the unprecedented
total of that year—that is, with a product of 10,255,840 tons in 1892, the product in 1890 was 10,307,028
tons. We get a good idea of the growth that has oc­
curred in recent years by comparing the production by
half-yearly periods. The following only goes back to
1885, but it will be seen that the output for either halfyear of 1892 is larger than for both half-years com­
bined in 1885. The heaviest production for any halfyear was in the six months from July to December in
1891; from the total then reached there was a falling
off in both halves of 1892, bnt a special reason existed
for the heavy production in the last half of 1891 in the
fact that the make of iron in the first half of that year

N e t T o n s.

1887—
1888—

1 st H a lf.............. 3 ,4 1 5 ,2 1 0
2d H a lf.................. 3 .7 7 1 ,9 9 6
1 st H a lf.............. 3 ,3 8 2 ,5 0 3
2d H a lf.................. 3 ,8 8 6 ,0 0 4

1891—

1 st H a lf ............. 3 ,7 7 2 ,2 8 0
H a lf ............... 5 ,5 0 1 ,1 7 5
1 st H a lf..............5 ,3 4 2 ,0 4 5
2d
H a lf ............... 4 ,9 1 3 ,7 9 5
2d

1892—

The foregoing, while indicating what great expan­
sion has taken place during the past few years, only
tells part of the story. The figures relate simply to
production, in which, as we have seen, special circum­
stances have caused some wide fluctuations during the
last- two years. When we turn to the consumption,
which is the best guide to the state of activity prevail­
ing, we find that the calendar year 1892 gives the larg­
est results of any calendar year on record—larger even
than 1890, in which year, as pointed out above, the
production slightly exceeded that of 1892. That is a
very important and significant fact, for judging from
the production figures alone one might think that as
the increase in 1892 was a recovery of what was lost in
1891 the demand for iron in the two years had re­
mained stationary. In reality there has been quite a
substantial increase, thus reflecting continued progress
in the direction of higher totals. Changes in unsold
stocks of iron of course explain the differences between
consumption and production. In 1890, with an output
of 10,307,028 tons, stocks in makers’ hands and
in the yards of the American Pig Iron Stor­
age W arrant Company rose from 317,945 to
741,281 tons—that is, in that year consumption was
less than production : in 1892, however, with a produc­
tion of 10,255,840 tons, stocks were reduced from 702,501 to 599,890 tons, making the consumption greater
than the production. In other words, iu 1890
9,883,692 tons went into consumption, in 1892 10,358,451 tons—a difference in favor of the latter year of
nearly half a million tons. Taking the last five years,
the consumption of home pig has been 10,358,451 tons
in 1892, 9,312,235 tons in 1891, 9,883,692 tons in,
1890, 8,534,295 tons in 1889, 7,270,488 tons in 1888
and 7,101,768 tons in 1887. In 1885 the consumption
was only 4,706,357 tons.
The increase up to
1887 followed in great part from the large
amount of new railroad construction going on,
but since 1887 the yearly total of new track laid
has diminished from about 13,000 miles to about 4,100miles. The great growth in the consumption of iron,
notwithstanding the falling off in the requirements for
new railroad construction, is a very noticable feature in
the industrial development of the country.
Obviously the low prices have been an important
factor in the large consumption, permitting the use
of iron for a great many purposes and in a great many
directions where formerly it was debarred by reason of
the higher prices then prevailing. Bearing on that
point, we may note that in 1892 No. 1 anthracite
foundry pig at Philadelphia dropped to $15 per ton,
or to the lowest figure on record ; and that Gray forge
pig at Pittsburg and Bessemer pig at the same point
dropped respectively to $12 50 and $13 75 per ton,
being likewise the lowest figures reached. Of course
aside from the new uses for it domestic iron has also
gone to supplant much of the foreign product, not
necessarily in the shape of pig iron—of which indeed
only small quantities are imported—but of iron and
steel in all its various forms and into which the
crude pig enters or of which it forms a part,.

THE CHRONICLE.

J anuary 28, 1898.]

and also scrap iron, &c. During the last two or
three years the chance for such displacement has
been rather limitod, since the imports of iron
and steel had already been greatly reduced, though
even during this period there has been further steady
encroachment. If we go back to 1887 the change is
seen to be very decided indeed. That was a year of very
heavy importations, the total imports of iron and steel
of all kinds (including tin plates) reaching almost two
million tons ; in 1892 the imports were not much more
than half a million tons, a difference in favor of the
late year of almost 1£ million tons. In the five years
there has been a decrease in the importations in each
and every year. From 1,997,247 tons in 1887 there
was a decline to 1,024,524 tons in 1888, to 838,376 tons
in 1889, to 745,663 tons in 1890, to 624,728 tons in
1891 and now to 560,000 tons in 1892. These changes
in the importations have of course affected the total
consumption of iron, foreign and domestic, from year
to year. In the following we show this total consump­
tion for each year back to 1887.

Tn € Pu d.
os f o n s
2,000

1892.

18 J l.

|

1890.

1 1889.

1888.

1887.

317,945' 336,101 338,142 252,704
S t’k o f p ig beg in .o f yr.
702,501
741,281
P r o d u c t’n d u r ’g y e a r. 10,255.840 9,273,455 10,307,028|8,516,079 7,268,507 7,187,206
T o ta l su p p ly ........... 10,958,341 10,014,736 10,621,973 8,852,240 7,606,649 7,439,910
599,890
711,28l| 317,945 330,161 338,142
S to ck en d o f y e a r* ...
702,501
O onsum p. o f lio m e pig 10,358,451 0,812,235' 9,883,6021
8,534,295 7,270,488 7,101,768
Im p ’t s o f iro n & stee l. 4560,000
624,728] 715,663] 838,376 1,024,524 1,997,247

145

is no less striking than that of the Southern States.
Among the smaller iron-making States, New York,
New Jersey, Michigan, Wisconsin and Missouri all
fall below their best previous records. In the South, '
however—and this furnishes the strongest evidence of
the growth in that section—Virginia, Tennessee, West
Virginia and Kentucky all produced in 1892 more iron
than ever before. In the following we indicate the
production by States for each of the la8t seven years.
PRODUCTION OK PIG IRON BY STATES.

Tnns
oud
Pso .
o f
2,000

1892.

1890.

Tn.Tn.Tn.
os os os

So. S ta te s —
A lab a m a....... 1,025,131
V ir g in ia .......
383,989
338,090
T e n n e s s e e ...
W . V ir g in ia ..
173,308
K e n tu c k y _
_
63,334
G eo rg ia.........
11,144
M a ry la n d _
_
111,027
T e x a s ............
9,646
N. C a r o lin a ..
3,257
T o ta l..........

1891.

831,154
330.727
323,747
96,637
50,225
55,841
138,206
20,902
3,603

2,116,986 1.914,042

914,940
327,912
299,741
144.970
53,604
82,687
165.559
10,865
3,181

1889.

1888.

Tons.
791,425
251,356
294,655
117,900
42,518
27,659
33,847
4,544
2,898

7
449,402
197,396
267,931
95,259
56,790
39,397
17,000
6,587
2,400

1887.

; 1888.

o* Tn.Tn.
n. os \ s
o

1,953,459 1,560,702 1,132,858

292,702
175,71
250,344,
82,311
41,907
40,947
37,427
4,8831
3,640

283,8 59
156,26 0
199,16 0
98,61 8
54,844
46,490
30,502
3,250
2. 200

929,4361 875,179

4,697,062 4,426,673 4,945,169 4,181,242 3,589,183 3,681,018 ,293,2 89
1368,543 1,159,215 1,389,170 1,215,672 1,103,818 975,539 908,0 94
347,648 352,925
369,381 207,247 257,180 296,5721 233,618
98,532 103,589
177.788 125,693 101,892 172,554 157,888
1,063,384 749,506
785,239 601,035 579,307 565,453 501,795
206,552 238,722
258,461 214,356 213,251 213,543' 190,734
195,956 220,819
65,933
246,237 158,634 110,037 133,508
63,862
32,736
100,550
86,190
74,623
91,783 138,643
97,320
75,228
81,574
69,408
83,205
77,340
64,277
G ran d to ta l 10,255,810 9,273,455 10.307,028'8,516,079'7,268,507 7,187.206 8,365,338

P en n sy lv an ia
O h io ...............
N ew Y ork .. .
N ew J e r s e y ..
I llin o is ...........
M ic h ig a n _
_
W isc o n sin ...
M is so u ri.......
A ll o th e r s ...

T o t. co n sum p., to n s 10,918,451 9,936,963 Il0,629,355'9,372,071 8,295,012 9,099,015
* In c lu d in g 40,544 to n s n e t h e ld in th e w a rra n t y ard s o f t h e A m erican Pig
Iro n S to rag e W arrant. C om pany Dee. 31,1839, n o t u n d e r th e co n tro l of m a k ers;
59,289 to n s Dec. 31,1890; 34,608 to n s D ec. 31, 1891; a n d 33,040 to n s Dec. 31,1892.
* D ecem b er im p o rts e s tim a te d .

In the consumption of domestic iron there has been
a decrease in only one year since 1887, namely 1891,
but in total consumption there has been a decrease on
two occasions, namely in 1888 and again in 1891.
Still the latter item shows only less decided expansion
than the former, aggregate consumption in 1892 at
10,918,451 tons comparing with but 8,295,012 tons in
1888 and 9,099,015 tons in 1887. In 1885 the con­
sumption on the same basis was no more than 5,354,252
tons.
It is always interesting to see how the output of
iron is distributed according to the kinds of fuel used
in its production. The following furnishes a division
on that basis. I t will be observed that the increase in
recent years has been entirely in the iron made with
bituminous coal and coke as fuel.
PRODUCTION OF IRON ACCORDING TO FUEL USED.

Tn o Pu d.
os f o n s
2,000

1892.

1891.

1890.

1889.

1888.

1887.

B itu m in o u s ................... 7,640,938 6,537,214 7,154,725 5,951.425 4,713,989 4,270,635
A n th r . & coke m ix e d ? 2,012766 { 1,747,515 2,169,597 1,575,996 1,648,214 1,919,640
A n th ra c ite a l o n e _
_
342,526
279,184 344.858 277,515 418,719
C h a r c o a l.........................
602,136 646,200
703,522 614,300 598,789 578.182

*

T o t a l ......................... 10,255,840 9,273,455 10,307,028 8,516,079 7,268,507 7,187,206

A feature of the growth in production is the in­
creasing proportion furnished by the Southern States.
Out of the 10,255,840 tons output for the whole country
in 1892, 2,116,986 tons came from the South. This lat­
ter is in excess of the aggregate for any preceding year.
Alabama turned out over a million tons for the first
time in its history. There are only three other States
in the country that have produced as much as a million
tons, namely Pennsylvania, Ohio and Illinois. Of
course Pennsylvania retains its great lead over all the
rest, having turned out in 1892 4,697,062 tons ; but in
1890 that State had an even larger product, or 4,945,169 tons. Ohio, which stands second in point of pro­
duction with 1,368,543 tons, also falls a little short of
equaling its output for 1890. On the other hand
Illinois, like Alabama, for the first time turned out a
million tons, and the record of progress of that State

T H E L A T E Y E A R ’S F O R E IG N TR A D E .
The first fact to attract attention in the statement of
our foreign trade for 1892 is that it shows that our
external commerce in that year, as reflected by the ag­
gregate of the merchandise imports and exports com­
bined, was in excess of that of any previous calendar
year. This result appears the more noteworthy as it
is well known that in all the later months of 1892 the
merchandise exports fell off heavily. However, the im­
ports continued to increase; and, furthermore, though
the 1892 aggregate of trade is greater than that of any
other calendar year it is not as heavy as that of the late
fiscal year—the year which closed June 30.
The
difference between the results for that period and the
results for the calendar year—the six months from
January to June 1892 being common to both—illus­
trates the great change which came over our trade in
the last half of 1892. We may note, too, that the
merchandise exports are below those both for the fiscal
year and those for the previous calendar year. In a
word, it is only because of the great expansion in the
imports that 1892 enjoys the distinction of having had
a larger total trade than 1891.
Comparing the calendar year with the fiscal year, we
find an aggregate of imports and exports of 1,814
millions for the one and of 1,857 million dollars for
the other—a difference against the calendar year of 43
million dollars. Comparing, however, the two calendar
years, the total at 1,814 million dollars for 1892 is 16
millions dollars in excess of the aggregate of 1,798
million for 1891. This difference of 16 million dol­
lars is the net result of an increase of 48 million dol­
lars in the imports and a decrease of 32 million dollars
in the value of the exports. The imports are decidedly
the largest in the country’s history, the amonut of the
same being 876 million dollars. In the calendar year
1891 the amount was only 828 million dollars, in the
fiscal year 1892 827 million dollars. But yet more
striking are the changes in the exports, the total at 938
million dollars for the calendar year 1892 comparing
with 970 millions for the calendar year 1891 and with

THE CHRONICLE.
as much as 1,030 million dollars for tlie fiscal year
189;2.
This latter comparison gives prominence to the great
falling off in the exports which occurred during the
last six months. Of course in the corresponding six
months of 1891 the exports were of extraordinary di­
mensions, and it is because of that circumstance that
the falling off in 1892 was so heavy. And yet the con­
trast is none the less significant on that account. In
the half-year to December 31 in 1892 our exports
reached only 459 million dollars, in the corresponding
half-year of 1891 551 million dollars, a decrease of 92
million dollars. The decrease was heaviest in Decem­
ber (the loss was over 32 million dollars in that month)
but extended through each and every month of the
half-year. The imports on the other hand increased
in each-and every month, aggregating 444 million dol­
lars for the six months of 1892, against only 395 mil­
lion dollars for the six months of 1891. As a result of
these two movements—diminishing export values and
increasing imports—the balance in favor of the
United States on the merchandise trade was only
114,796,302 for the half-year in 1892 against
$155,450,274 for the half-year in 1891. This change
during the last six months is of course reflected in the
results for the full year, and hence it is that for 1892
there is an excess of exports of only 62 million dollars
against an excess in 1S91 of 142 million dollars. Ia
the following we show the imports and exports for
each calendar year back to 1870.

[V o l . L U

to less than four million dollars; in 1888 with the
merchandise balance against the United States some
33 million dollars, the gold exports were no more than
23-J millions; in 1887 with a merchandise balance in
our favor of less than 6-J- millions, we actually imported
35f millions gold net. It is therefore clear that in­
fluences outside of the trade movements are controlling
the gold current. Our readers of course need not be
told what these influences are. In the following wo
present a statement of the gold exports and imports,
and also the silver exports and imports, for each y
rear
since 1869. It will be observed that the silver exports
in 1S92, both gross and net, were somewhat larger than
in the two years preceding.

MERCHANDISE EXPORTS AND IMPORTS (CALENDAR YEARS).

G O LD A N D S IL V E R IM P O R T S A N D E X P O R T S .
----------------G o ld .
— S i l v e r . ----------------- .

---------------- .

Eos
xeo
c
E os^f
xe
Ya g
ein
r
E posox otmot .prtor)
xp tsrf p rI. prx crsC .
rt E s E pos o
E d E p r1 ms rs
n.
.
.
m
Is s —
m
Dc x otm tI
e
$ s
(-f-)
(—)

31—
1S70....... 53,103,745
1871 . . . . 41,£‘15,975
1S72....... 68,633,125
1873....... . 25,496,118
1874....... 43,119,091
1875 . . . . . 53,413,94 7
1S76....... . 31,231.739
1877....... . 18,982,638
1878....... 8,635,948
1879....... . 4,115,446
1-80....... . 3,062,45!)
1381....... . 2,603,543
1 8 8 2 .... . 3S,7^1,079
1 8 8 3 .... . 6,018.770
18S4_ . 40,9«8.2 L6
_
1885.. . . 11.417.207
13*0.... . 41,281,276
1 8 3 7 .... . 9,141,423
13*8.... . 34,526,449
1 8 8 9 .... . 50,933,460
1890.... . 24,08 i,0T4
1891.... . 79.086,581
1 8 9 2 .... 76,416,470

*
10.430,564
5,811,948
11,113,230
20,537,254
7,422,806
11,348,781
23.670,096
11,639,655
10.477,859
78 707,941
73,644,693
60,393,620
13,402,528
22,055,961
27,957,657
23,642.826
41,309,181
44,883,299
10.960,773
13,004,6 <2
2 >.230.090
44.970,110
17,450,910

s
+42,673,184
+39,074,037
+57,524.835
+4,958,664
+35.720,285
+39.065,166
+7,555.643
+7,352,983
—1.831,911
—74,652,495
—70,582.239
—57,795,077
+25,318,551
-16,007,191
+12,990,589
-12,225,619
-2 7 .9 0 5
-35,744,873
+23,585,676
+38,928,828
+3,8:32,98 4
+34,118,471
+59,045,524

$
27,848,083
32,524 495
32,048,799
38,076,207
29,577,984
25,880,567
25,13 '.738
29,336,929
18,203,253
21,701,552
12,933,442
17,063,274
17,317,055
25,794,070
29,563,743
33,280,542
27,010,290
27,641,988
29,880,403
40,694,230
28,539,789
27,092,879
35,975.834

«
15.250.199
10,962,467
19,008.714
9,212.185
7,830,998
8,547.367
10,795,2-38
12,111,560
18,389,834
14,425,017
11,631,025
8,535,645
9,038,885
14,153,357
15,504,777
17,7 71,241
17,221,165
16,772, 14
15,907,339
19,219.2 i2
22,426.119
18,192,750
21,723,232

(
■

*
+12,586,884
+21,562.028
+21.980,085
+23.864,022
+21,746,986
+17,342,200
+14.327,498
+17,195,369
-1 8 0 ,0 3 2
+7,276,535
+1,352,417
+8,467,629
+ S , 218,670
+11,641.313
+14,058,971
+15,509,301
+9,818,825
+10,872.374
+13,972.434
+21,474,968
+ 4 1L3.670
+9,500.129
+14,249,562

Clera E p rs I prs E c s. TTa e e n
an
t lFr
r o With
Xd. r x ot . mot . xes oad. ig reference to the falling off in tlio merchandise
ed
exports noted above, and which was such a conspicuous
I p
m.
I p
m.
feature in all the later monthly returns, that was the
Im.
m.
p
result both of an actual contraction in shipments and of
Ix .
p
Ep
a decline in prices. Had prices of commodities ruled
Ep
x.
Ep
x.
as high as in the year preceding the exhibit would have
Ep
x.
been a great deal more satisfactory. Take wheat, for inEp
x.
Ep
x.
dance, which furnishes a signal and perhaps an extreme
Ep
x.
instance of the kind. In December 1892 the exports
Ep
x.
Ep
x.
(including flour reduced to its equivalent in wheat)
Ep
x.
Ep
x.
were only 17,179,454 bushels; in December 1891 they
Ep
x.
were 22,534,320 bushels. This is a diminution of over
Ep
x.
Ep
x.
five mi.lion bushels, but the loss has not been confined
Ix . i
m.
p
Ep
to this diminution in quantity; much lower average
Ep
x.
prices were realized on the smaller shipments of 1892,
Ep
x.
Ep
x.

1370................
1371................
1372................
1$ 713..............
1374................
1875................
1976................
1877................
187S................
1S79................
1880................
1881................
18S2................
1SS3................
1881................
1SS5................
1836...............
1S.*v ................
7
1 8 S 8 ..............
1889................
1890................
1S91................
1S92.........

3
403,586,010
460,852,088
46S,837,91S
567.757.S67
569,872,553
5 L0,947,422
590,666,629
620,302,412
737,092,073
765,159,825
889,05 8,42 3
633,519,127
767,931,946
705,209,316
749,360,428
688,249,793
713,404,021
715,301,041
691,760,743
827,100,347
857,502,548
970,509.646
93S,419,893

8
461,132,058
573,111.099
655,964.699
595,248,018
562,115,907
503,152,930
427,317,165
480,246,301
431.812,483
513,602,796
696,807,170
670,209,448
752,84:1,507
6S7,060.210
029,261,860
587,*08,673
083,429,189
708,818,478
725.202,714
770,526,484
823,397,726
823.320,943
876,19^,179

$
57,546,048
112,759,011
187,126,751
27,490,181
7,756,646
7,791,486
163,319,461
140,056,112
305,279,590
251,557,029
192,876,246
153,339,679
15,138,439
108,143,100
120,104,568
100,381,125
49,974,832
6,482,566
33,441,971
50,579,86
34,101,822
142,188,703
62,221.714

$
804.718,088
1,033,463,187
1,124,802,647
1,163,005.915
3,131,933.460
1,014,109,358
1,018,013.794
1,100,548,712
1,108,904,5:6
1,278,762.621
1,586.490,598
1,503,753,575
1,520,825,453
1,482,275,5: 2
1,37*,628,-.'8-'
1,276,118,471
1,376,833,210
1,424,119,522
1,416,963.457
1,597.632,831
1,680,900,274
I ! ,798.830,589
1 1.S11,618,072

The foregoing brings out the fact that though the
balance in our favor in 1892 was much smaller than in
1S91, yet with that exception the result is the best of
any year since 1885—that is, withanexcessof exports for
1892 of 62 millions and of 142 millions for 1891, the exccfs in 1890 was only 34 millions and in 1889 56 millions,
•■while in 1888 the imports actually exceeded the exports
m amount of 33 millions; in 1887 there was an excess of
exports of 6 millions ; in 1886 an excess of 50 millions.
This favorable comparison with previous years makes
it all the more significant that the outflow of gold
should have reached such very large dimensions. The
net exports of this metal for the twelve mouths of 1892
were over 59 million dollars. We give further below
the figures for all the calendar years back to 1870—a
period of 23 years-—and iu the whole of this period
there is no other year that records such a large net
shipment of geld. Iu 1S90, when the balance
in our favor on the merchandise movement
was only 34 million dollars (against 62 mil­
lions for 1892), the net shipments of gold amounted
*

the average export price per bushel of wheat being only
78 cents against an average of $1 06 in December 1891.
And on many other commodities prices were also lower.
In speaking of the wheat and flour exports, it is in ­
teresting to note that notwithstanding the great falling
off in shipments in recent months the aggregate move­
ment for 1892 is nevertheless found to be larger than
that for 1891, though not larger than for the late fiscal
year. Counting flour, the exports for the late year foot
up the enormous amount of 203,613,512 bushels; in arriv­
ing at this figure we have had to use for December
ttie preliminary return, from which a few minor Customs
districts are excluded; when the final return is
received, the figure given will therefore he further in­
creased, though not very largely. In the calendar year
1891 the wheat and flour exports, based on complete
returns, were 188,245,548 bushels, so that the increase
lias been from 15 to 16 million bushels. The influence
of the lower prices prevailing is seen in the fact that
while the exports have increased in quantity, in value
there has been a falling off, the aggregate value for
1892 being $194,913,549 against $197,962,303 for 1891.

THE CHRONICLE.

J anuary £8, 1883.J

The falling off is the more noteworthy because an in­
creasing proportion of the shipments went in the shape
of flour, which of course brings more than its equivalent
in w heat; of wheat itself, the shipments were 125,430,292 bushels against 129,638,934 bushels, but of flour
17,374,049 barrels against 13,023,692 barrels.
Most of the other items of breadstuff* exports also
show larger shipments for tho twelve mouths of 1892
than for the twelve months of 1891, rye, however, be­
ing a conspicuous exception. Of that cereal the exports
were only 5,038,665 bushels, against 7,956,316 bushels,
the values being $4,570,151, against §7,531,161. In
oats there was a small increase in the quantity shipped,
but a small decrease in the values, owing to the lower
price received. Corn shows a very striking increase,
77,274,863 hushels having been exported in 1892 against
only 30,693,505 bushels in 1891 (the difference in these
exports reflecting the difference between the crops of
1891 and 1890) and the value of the exports being
$41,288,013 against $19,876,526. Taking all the items
of breadstuffs exports, values for 1892 stand at about
248 million dollars, against 232f million dollars for 1891.
We thus have a fair increase, notwithstanding the lower
prices realized and also notwithstanding the great fall­
ing off in shipments during the closing months of the
year. The reason for the falling off in those months is
of course perfectly obvious; in 1891 not only were the
crops in this country exceptionally large, but in Europe
they were very deficient, thus creating a very urgent
demand upon the United States. In 1892 the harvests
in Europe having yielded greatly improved results,
there was no special urgency of demand. However,
foreign consumers, though taking less than in the
previous year, have nevertheless bought quite freely of
us, the low prices being an aid to that end.
As the above analysis shows that the breadstuffs ex­
ports for tho calendar year 1892 were larger rather than
smaller than in the calendar year 1891, we must look
elsewhere for the sources of the decrease in the mer­
chandise exports for the twelve months. We find a
very large falling off in the cotton exports ; in fact the
decline in that item is about 60 million dollars, the
value of the cotton shipments for 1892 being only 217
million dollars against over 277 million dollars in 1891.
Only 5,149,491 bales of cotton went out in 1892 against
5,927,852 bales in 1891. The contraction is due
to the much smaller crop produced in the
United States in 1892 and to the shut-down of
a very large number of mills in England because of
the strike of the mill hands. In the value of the
petroleum shipments there has also been a decrease,
the total for 1892 being $42,700,000 against $46,174,835
for 1891, but here the decrease is entirely owing to
lower prices, as 744 million gallons of oil were sent out
in 1892 against only 672,803,163 gallons in 1891. In
the provisions exports, on the other hand, there was an
increase of over 16 million dollars, and in the exports
of cattle, hogs and sheep a further increase of 6^million dollars. In the following we show the exports
of the leading staples for the last six years.
Exvorts.

1863.

1891.

1890.

1889.

188S.

1887.

*
s
*
s
8
8
C o tto n .......... 217,000,000 277,038,511 254,275,863 266,649,345 225,122,111 215,974,267
B readstuffs. 248,0 0,000 232,621,992 141,602,847 129,665,377 116,602,663 161,230,782
P r o v ’ns, &c. 148,000,000 131,655,951 142,842.419 123,307,318 91,249,310 93,760,932
C attle, sh eep
a n d hop's.. 36,000,000 £9.442,508 34.479,026 26,807,815 13.401,658 9.34 2.6*43
P etrT m , &c. 42,700,000 46,174,835 52,270,953 53,293,299 48,105,703 46.89S.842
T o ta l......... 691.700,000 716,933,797 625,471,708 599,723.164'«I4.641.451 527,207,406
A ll o th . exp. 240,719,803 253.575,849 232,030,840 227,383,193 j197,219.292 188.093,578
T o ta l......... 938,4!: .8 '3 970,509.640 8'-7.502.548 827.106.347 691.760.743 715.301.(41

*

in

It will be seen that besides the decrease in 1892 in
the exports of cotton aud petroleum, the item of “ all
other exports” also shows a decrease, but as prices
were lower in 1892 in many cases, and a3 theso other
exports had been steadily increasing in tho years pre­
ceding, the decline in the late year probably possesses
little significance.
B U S IN E S S I N E N G L A N D I N IS02.
[C om m u n icated by ou r London corresp o n d en t.]
L o n d o n , Ja n u ary 14, 1S92.
The trade of thiis country throughout 1892 was undoubtedly
bad, but a distinction m ust be made tetw een the foreign and
the home trade. Ever since the B aring crisis the great finan­
cial bouses of London have m uch restricted their acceptances,
some because of discredit, others through precaution. Foreign
m erchants not vetting th e accommodation th a t they were ac­
customed to had in consequence to reduce their business. The
fluctuations in silver, too. disarranged and lessened tho trade
with the silver-using countries, the banking crisis and dis­
credit caused a falling off in the trad e with the A ustralasian
Colonies, and the exceedingly bad harvest all over Europe in
1S91 has been followed by a decided decline in the Continental
demand for our goods. And as the foreign purchases of
British m anufactures fell off B rit;sh im ports have likewise
considerably declined. The value of the im ports for the
whole twelve months am ounted to £423,892,178, a decrease of
£11,799,101, or about 2% per cent. The value of the exports
of British and Irish produce and m anufactures was £277,060,224, a decrease of £20,174,926, or about 8 per cent. In the
preceding year there was a falling off in the value of the ex­
ports of about 6U per cent and an increase in the value of the
imports of about 3J£ per cent.
The crisis th a t began w ith the Baring collapse, it will thus
be seen, had a m uch more im m ediate effect upon the exports
than tho imports. The exports fell off almost imm ediately
and they have continued to fall off now for two years. The
imports, on the other hand, continued to increase throughout
1891 and have not fallen off very greatly even in 1892. B ut
there are signs th a t the falling off in the exports has very
nearly come to an end, while it has not much more than begun
in the imports. During the early m onths of the year, in fact,
there were very heavy decreases in the exports. During the
last two m onths the value of the exports has been nearly
stationary ; the value of the imports, on the other band,
continued to increase in the beginning of the year, b u t in the
last m onth of the year fell off more th an 12 per cent. P artly
the falling off in both cases is due to the excessively low
prices, b u t not alto g eth er; there is some shrinkage in quantity
likewise. Roughly,, it m ay be said th at the value of our for­
eign trade has now gone back nearly to the level of 1S87, or
in other words, almost the whole increase during the inflation
period th a t preceded the Baring ciisis has been lost in the
past two years. The greatest falling off, especially iu our ex­
ports, is in the trade w ith India and the other countries of the
F ar East, A ustralasia and the Continent. Our trade w ith the
United States fell off somewhat in the earlier p art of the year,
but has increased during the later p a r t: and there is also an
increase in the purchases of the South American countries,
especially A rgentina and Chili. There is a very marked in­
crease in the South African demand. Thus North aud South
America and South Africa are beginning to buy more freely
from us th an they had done for two years previously, which
is another reason for hoping th a t we have reached the bottom
of the trade depression.
The home trade has not suffered nearly so much as the
foreign, and indeed throughout the greater p art of the year
was surprisingly well maintained. The Treasury receipts for
the nine m onths ended w ith December show an iocrease of
somewhat over a quarter of a million sterling, the increase
being on steady increases for several years before, it is true
th a t trade depression does not tell very quickly upon t lie
revenue, but th a t is only because the purchasing power of the
working classes is not affected as quickly as tho spending
power of capitalists. I t is quite clear th a t the rev true could
not have been so large if the great body o: the popa! ’ i *n had
not been able to spen 1 freely : and especially it it noticeable
th a t there are increases in the very items of l e v into which
depend most upon the general consumption. Furtherm ore,

148

THE CHRONICLE.

on total receipts of about 70 millions sterling on 17 of the
principal railways of the United Kingdom, the decrease, ac­
cording to the weekly traffic returns, in the gross receipts is
only about £100,000. It is to be recollected that on a single
railway—the North Eastern—the great Durham strike is esti­
mated to have cost not far short of half a million sterling.
If we allow for that it will be seen that there was actually an
increase in the railway traffic receipts during the year. Again,
there is but a small falling otf in the Clearing-House returns
for the 4th of each month, when trade bills are settled. The
falling off on the fortnightly Stock Exchange settling day3
and on the monthly Consols settling days are heavy, but tbe
falling off on tbe trade settling days is not large. At the same
time the condition of the mass of the people certainly did not
improve as the year advanced. In the spring the Coal Miners’
Federation, which embraces almost the whole of the miners ex­
cept in South Wales, Durham and Northumberland, attempted
to keep up the selling price of coal by a great strike. The
strike, however, broke down aftera week, and the men had to
resume work at the old rates of wages. Shortly afterwards a
strike occurred in Durham to prevent a lowering of wages.
It lasted for twelve weeks and ended in the defeat of the
work people. At the present time a strike in the Lancashire
cotton trade against a reduction of wages is going on ; but all
parties admit that the trade is in a bad way. These three are
the only strikes of any importance in the year, but wages
have been reduced in nearly every industry and the number
of unemployed is unquestionably large at present. According
to the Labor Correspondent of the Board of Trade the skilled
laborers out of employment averaged for the year 5'85 per
cent, against 3'38 per cent in 1891. While, therefore, there are
signs that the decline in the foreign export trade is nearly, if
not quite, at an end, it would appear that the home trade
suffered more at the close than at the beginning of the year,
and is likely .to fall off in the new year.
The worse condition of tbe home trade is, of course, largely
the result of the great shrinkage in the foreign trade, but to
some extent also it is a consequence of the agricultural depres­
sion. The spring and early summer were exceptionally cold
and dry. During the mid-summer the temperature continued
low and the harvest was very wet and cold. In consequence
the hay crop was little better than half an average ; the wheat
crop did not much exceed four-fifths of an average ; the other
cereal crops, though nearly up to average, were bad in
quality : and as the food for cattle was exceedingly scarce and
dear all through the first half of the year, farmers in many
cases fouud ^difficult to keep their stock. They were sent to
market in bad condition and sold for almost whatever they
would fetch. The prices, too, have been abnormally low.
The price of home-grown wheat, for example, opened at 36s.
4d. per quarter ; at the end of the year it stood at 25s. 9d. per
quarter, a,fall of 10s. 7d. in the course of the year. All other
grain was likewise low. And there has also been a sharp
fall in cattle, horses and dairy produce. For example, in
Scotland 815 head of pure bred short horns realized an average
of £22. 9s. 2d. against £24. 4s. Id. in 1891. Partly owing to the
unprofitable prices, partly to the cost of feeding, and partly to
the unfavorable weather, there has been a decline likewise in
the number of young cattle and lambs, and an enormous
decrease in pigs. In spite of very considerable reductions in
rent going on all over the country, farms are being thrown up
in large numbers, and it is found exceedingly difficult to let
them again.
The cotton trade has been depressed throughout the year, but
the spinning branch has suffered much more than the weaving.
The price "of the raw material has been exceedingly cheap.
Unfortunately the price of yarn was correspondingly low,
and consequently the margin of profit was so small that in the
great majority of cases profits disappeared and in many in­
stances heavy losses were incurred. Early in the year negotia­
tions were opened between the employers for a joint effort to
put down wages, but they came to nothing. At the end of
the summer they were renewed, and a proposal was put for­
ward to insist upon a lowering of 10 per cent. The necessary
proportion of spinners, however, could not be got to agree,
and the movement came to nothing for the time. But in
November it was resolved to enforce a 5 per cent reduction.
The operatives refused, insisting that the right course was to
adopt short-time. A lock-out therefore occurred, and has not
yet come to an end. There has of course been a large reduc­
tion in the stocks on hands but it is complained that even yet

#

[VOL. LVI.

the lessening of stocks has not been carried far enough. Manu­
facturers who are both spinners and weavers suffered less than
the spinners proper, and for the first half of the year
the weaving branch did fairly well. In the second half it
is complained that they were little better off than the spinners,
and they have warmly welcomed the lock-out in the spinning
branch. The lock-out has resulted in the stoppage of about
18 million spindles and a corresponding number of looms.
The home demand for cotton goods was well maintained,
and there was some increase in the demand both for South
America and South Africa ; but the Continental demand for
yarn and piece goods alike fell off. It was, however, in the
Indian and Chinese demand that the greatest decline occurred.
That complaints of the spinners are w ell founded is evident
from the reports of the Oldham joint-stock companies. Out of 90
of these 57 have incurred losses amounting in the aggregate to
£269,000. The remaining 33 made profits, but in almost every
instance the profits are less then in the year before. The
aggregate profits of the 33 barely exceeded £80,000, so that
taking the 90 companies together there is a net loss of £189,000. In 1890 the net loss of all the companies was under
£9,000.
The coal trade was perhaps less affected by the crisis than
any other of our great industries. There was a falling off, it
is true, in the foreign demand, and a decline in price, but
neither was so great as in most other directions. In February
the Miners’ Federation attempted to keep up wages and prices
by a week’s strike, but it failed. The following month a great
strike in Durham began, which lasted twelve weeks, for the
object of preventing a reduction of wages. Throughout the
rest of the country a lowering of wages has been going on
quietly. Wages however at the end of the year were still
much higher than in 1837, and prices also were decidedly
better. The total exports for the year amounted to 30,457,000
tons, being a decrease compared with the year before of 597,000
tons. The value of the exports is returned as £16,811,000,
a decrease ^compared with the previous year of £2,084,000.
The average price of the coal exported in 1891 was 12'15 shil­
lings ; last year it was 11 '03 shillings, a decline of, roughly,
Is. l^ d . per ton. The railway companies generally have also
been paying daring the year about Is. a ton less than in 1S91,
so that, roughly, it may be said that the fall in the wholesale
price of coal was little more than Is. a ton. The fall in the
price, then, is small in comparison with the rise that took
place between 1887 and 1890. A t the same time coal owners
complain that they did not benefit by the rise in price which
took place in the three years preceding 1890 to anything like
the extent that is generally supposed. The rise, roughly , was
about 8s. per ton. The mine owners contend that the greater
part of that was absorbed in higher wages, heavier charges
for stores, and the like. These increased charges, they argue,
have not yet been reduced sufficiently, so that much the
greater part of the decline in price has fallen upon them.
Probably, therefore, in the new year a further reduction in
miners’ wages w ill be made.
The iron and steel trades have been much more affected
than coal. The total production of Scotch pig-iron during the
year was 977,213 tons, an increase of 302,788 tons. In the
north of England the production, including hematite, was
1,937,469 tons, being a decrease of 685,263 tons. Taking the
two districts together there is thus a net decline in the pro­
duction of 382,475 tons. Largely of course the falling off is due
to the strike in Durham, which for nearly a quarter of a year
stopped the supplies of coal, but to a considerable extent also
it is due to the shrinkage in the demand both at home and
abroad and to the competition of Germany and Belgium. In
both countries there is great depression, and every effort is
being made to sell abroad. In spite of the falling off in pro­
duction and the working off of stocks during the Durham
strike, prices have fallen decidedly. In January, for example,
Scotch pig iron warrents were quoted at 47s. ; they had fallen
at the end of the year to about 41s, 6d. Cleveland pig No. 3
in January was quoted 37s. 9d., was run up during the Dur­
ham strike to 41s. 3d., but had fallen at the end of the year to
37s. and at the beginning of January declined further to 36s. 9d.
Hematite warrants have fallen from 47s. lid . at thebeginning
of the year to about 46s. at the end. There is, however, one
good result of the depression—it has stopped the gamble in
Scotch warrants, which caused so much disturbance in the
trade some time ago. In the manufacturing branches of the
industry there are loud complaints respecting manufactured

J-ANUARY 28, 1893.]

THE CHRONICLE.

iron. It is being gradually displaced by steel, and though it is
dying hard, manufacturers all say that they are losing, owing
to the high cost of raw material and fuel. In the north of
England iron bars, plates, angles and rails have fallen about
4s. 3d. per ton. In Scotland common bars have fallen about
7s. 6d. per ton. In Lancashire the fall has been about 1Os. a ton
in bars, 5s. in sheets and 7s. 6d. in hoops. Although steel is
replacing manufactured iron, the trade is not very prosperous.
The output has been reduced partly by a lesser demand and
partly in consequence of the Durham strike. In spite, how­
ever, of the falling of in production, North of England steel
rails have declined in price 2s. 6d. per ton, and both plates and
angles 15s. In Scotland boiler plates have gone down 22s. 6d.
per ton, ship plates 15s, and ship angles 20s. In South Wales
steel prices have been pretty well maintained. In Stafford­
shire and Shropshire manufacturers have done fairly well,
and the special industries in Sheffield have been prosperous.
Trade in South and West Yorkshire has also been fairly main­
tained.
Ship-building has been very active during the year in
spite of the extraordinary production of the preceding four
years. The total out-turn amounted to 3,180,000 tons, being a
decrease of about 188,000 tons compared with the year before.
The Clyde stands first in construction, having turned out
more than one quarter of the total tonnage ; the Wear next,
the Lyne next and the Lees next. Coming to individual ship­
builders, Messrs. Harland and Wolff, of Belfast, built the
greatest tonnage—68,612 tons. Sir William Gray & Co., of
West Hartlepool, are second, with a little under 60,000 tons,
and Messrs Russell & Co., of Port Glasgow and Greenock,
third, with over 51,000 tons. The extraordinary production
of the past five years has led to a market fall in freights, and
in the new year it is expected that building will greatly decline.
Early in the year as much as 30s. per ton for wheat cargoes
was earned from the River Plate, but the quotation fell to
12s. before the year came to an end. From Calcutta the rate;
which was 30s. (linseed) at the beginning of the year, fell to
12s. 6d. before the year was out. At Bombay the fall was
from 21s. to 12s. 6d. ; from New York the rates have fallen
from about 3s. 6d. to 2s. 3d. per quarter (grain). Sailing
ships from the west coast of America obtained 27s. 6d, in the
spring, and towards the end of the year were glad to accept
13s. 9d.
The value of money throughout the year fluctuated less
than for a long time previously. At the opening the Bank of
England rate of discount was 3)^ per cent. On January 11 it
was reduced to 3 per cent, on April 7 to 2J^ per cent and on
April 28 to 2 per cent. It remained at the latter figure until
October 20 when it was raised to 3 per cent and so it continued
to the very end. Thus there were only four changes through­
out the twelve months in the Bank rate. For the whole year
the average Bank rate was only a very small trifle over 2%
per cent. We have to go back to 1879, the year immediately
following the failure of the City of Glasgow Bank and several
smaller banks in England and Scotland, for an equally low
average rate. In 1892 the average was £2 10s. 3d. per cent; in
1879 it was £2 10a. 4d. Not since 1868, two years after the great
Overend-Gumey failure has there been an actually lower
average. Then the average Bank rate for the year was as
low as £2 Is. lid . per cent. In the open market the average rate
of discount for the past year was under l^j" per c e n t; in the
previous year it was not very much under 2 per cent. Both
the Bank rate and the open market rate were thus exception­
ally low last year. Mainly this was due to the stagnation in
business, trade continuing to decline month after month, and
speculation being absent. Partly, however, it was due to the
increased reserves held by all the banks and to the strength
of the Bank of England; and partly also it was due to the
magnitude of the gold imports. It is true that the gold with­
drawals nearly balanced the imports; but as gold continued to
be shipped from New York all through the year the belief
was strong here that whatever demand might arise could
easily be satisfied by withdrawing from New York, and there­
fore except for a moment now and then no apprehension on
account of bullion was experienced. And upon the Continent
the ease was almost as great as in London. From the begin­
ning of February, 1889, until the middle of May last the Bank
of France kept its rate at 3 per cen t; even the Baring crisis
with all tae eventualities possible did not induce it to change.
But in May last it was forced by the plethora of money in
Paris to put down its rate to 2% per cent. In most other

149

leading Continental countries there was a similar accumula
tion of unemployed money. Even in the Far East the money
markets were wonderfully quiet, the Presidency banks inIndia, for example, keeping their rates lower than for many
years before.
Distrust prevailed more or less throughout the year. In the
very first month the long-expected bankruptcy of Portugal
occurred, and shortly afterwards the Ministry offered to pay
50 per cent of the stipulated interest. Later, however, only
one-third was forthcoming. The bankruptcy had not as much
effect upon the Continental bourses as was generally looked
for, apparently because the event had been so long foreseen
that most of the great capitalists interested had had time to
get rid of the bonds they held. Also in Januaay the intro­
duction of bills for the resumption of specie payments in
Austria-Hungary led to some apprehension in the money
markets of Western Europe lest the withdrawals of gold might
be on too great a scale. But the ease with which it was found
that gold could be obtained in New York soon dispelled all
uneasiness. The Australian colonies had fallen into discredit
previously, as they had been borrowing far too rapidly, and
finding that they could not raise loans in the regular way,
early in January some of them sold Treasury bills in London.
Another cause of disquiet was the revival of rumors respecting
the once great house of Messrs, de Murrieta & Co. Some of
the debenture holders refused to take part in a conversion
scheme that was proposed. After a good deal of dissension
and threats of legal proceedings the conversion scheme was
dropped, and the Murrietas had to go into liquidation. By
that time, however, it had become so notorious that the house
was hopelessly embarrassed that the final going into liquida­
tion hardly troubled the City. Almost immediately afterwards
one of the leading banks in St. Petersburg failed, and rumors
continued current for some time afterwards that many other
insolvencies both in the Capital and the principal towns had
occurred, though in some cases assistance was given by the Gov­
ernment or compositions were entered into with the creditors.
The inabilitv of the Australasian Colonies to borrow in Lon­
don, the withdrawal of deposits by British depositors, and the
consequent falling off in employment, caused much distress in
the great Australian towns during March and April. In
March the Mercantile Bank of Australia closed its doors, and
several local financial institutions had likewise to suspend. In
June the New Oriental Bank failed. Almost immediately
after Barker’s Bank also suspended. The latter led to the
failure of the London & General Bank, and that brought
down a number of building societies. Withdrawals of de­
posits from the building societies took place on a large scale,
and there was a run upon the Birkbeck Bank, which was the
most important of all the building society institutions. Hap­
pily it came out of the trial with improved credit. The col­
lapse of the New Oriental Bank increased the discredit of all
the Eastern banks, which had been brought about by the fall
in silver ; the Chartered Mercantile Bank of India and China
especially found that its deposits were being withdrawn at
such a rate that it must either wind up or obtain new capital.
On appealing to its shareholders and its customers it obtained
the new capital, and the bank has b°en reorganized under the
name of the Mercantile Bank of India.
On the other hand, while so many events kept distrust
alive, there was unquestionable improvement in other direc­
tions. In the Argentine Republic more particularly the area
under cultivation has been rapidly extended during the past
two or three years, the exports have been on an immense
scale, and the agricultural classes have prospered wonder­
fully. The Government, too, was able to maintain order un­
der all circumstances. The election of a new President was
carried through quietly, and he was in due course constitu­
tionally installed in office. The improvement in the Republic
led naturally to a rise in Argentine securities upon the Stock
Exchange. Many of the embarrassed houses were able to
realize a large part of the assets in which an inconvenient
amount of their capital was locked up, and so the financial
position in London was decidedly improved. The sale of a
portion of the Baring assets also greatly improved the pros­
pects of the Baring liquidation. The development of South
Africa made marked progress. The out-turn of gold largely
increased, the credit of all the South African States improved,
and the Transvaal was able to raise a loan upon faa orabl©
terms. In Chili, likewise, there has been improvement. The
Government is applying itself diligently to the development

150

THE CHRONICLE,

|VOL. UVI.

i

*

G ov’t.

P u b lic.

BANK OF ENGLAND RATE OF INTEREST.
of the country s resources. Chili was able to raise £1,200,000
in London at about 5)4 Per cent, and she began the task of
R ate N um ber
R ate N um ber
resuming specie payments.
per of days,
Y ear.
Y ear.
per of days.
cent.;
cen t.
The state of several CoDtineotil countries tended to produce
1884.
more or less uneasiness in London. From the very beginning
1889.
7
38 days Jan. 1 to J a n . 1 0 . 5
9 days
to the end of the year Russia every now and then withdrew Jan. 1 to Feb. 13.. 3
Feb. 7 to Mar.
3b 3 5 d a y 8 Jan. 10 to Ja u . 2 4 . 4
14 days
Mar.
2.
2 0 days J a n 2 4 to J a n . 3 1 . 3hi
7 days
gold in considerable amounts ; she also withdrew largely from Apr. 13 to Apr.e 19. 3
2 to Ju n
2b 7 8 days Jan. 31 to A pl. 1 8 . 3
77 days
Berlin. As only paper is in circulation in Russia, and the J u u e l 9 t o O o t . 9 . 2
1 12 d ays Apr. 18 to A ug. 8 . 2b L12 days
Oet. 9 to Oct. 29. 3
20 days A ug. 8 to A ug. 29 . 3
21 d a y s
gold when taki n to St. Petersburg is locked in the Imperial Oct. 2 9 to N ov. 5 . 4
7 days! A ug. 2 9 to Sep. 2*'. 4
28 days
5
5 6 days 8 p i. 26 to D ec. 3 0 . 5
95 d a y s
Bank, the reason assigned for withdrawing it, namely, to N ov. 5 to D eo. 3 1 . —
Deo. 3 0 to D ec. 3 1 . 6
2 d ays
secure the excessive note issues, which have had to be made on
—
Y ear’s a v e r a g e .. . . 2-96 3 6 6 d ays
Y ear’s a v e r a g e ___ 3-56 3 65 d a y s
account of the famine, is not generally accepted. Rightly or Jan. 11885. n . 29. 5
to Ja
29 days
4 9 days
wrongly, people persist in believing that the Russian Govern­ Jan. 29 to Mar. 19. 4
Mar. 19 to M ay 7 . 3%
4 9 d ays
1890.
ment is forming an immense war chest, and therefore every M ay 7 to M ay 14 . 3
7 d ays Jan. 1 to Feb. 20 . 6
50 days
May 14 to M ay 2 8 . 2b
1 4 days Feb. 2 0 to Mar. 6. 5
14 days
withdrawal has given riseto the question, How long can peace M ay 28 to N ov. 12 . 2
168 days Mar. 6 to Mar. 1 3 . 4*2
7 days
b8 maintained? Even the decision of the Austro-Hungarian N ov. 12 to D ec. 17. 3
3 5 days VIar. 1 3 to Apr. 10 4
2 8 days
4
14 days Apr. 10 to Apr. 17 . ■Sb
7 days
Government to resume specie payments added somewhat to Deo. 17 to D ec. 3 1 . —
—
Apr. 17 to J u n e 26 3
7 0 d ays
Y ear’s a v e ra g e ___ 2-92 36 5 days Ju n o 26 to J u ly 31
1
35 d a y s
the fear that war is approaching, many people refusing to
1886.
J u ly 3 1 to A ug. 21 5
21 d a y s
belitve that a time like the present would be chosen for re­ Jan. 1 to J a n . 2 1 . 4
21 days Aug. 21 to S^pt. 25 4
35 days
Jan. 21 to Feb. 1 7 . 3
2 7 days Sept. 25 to N ov. 7 . 6
43 d a y s
sumption, and holding to the idea that Austria-Hungary i3 Feb. 17 to M ay 9 . 2
7 8 days N ov. 7 to Deo
4. 6
27 days
merely following the example of her neighbors in getting to' M ay 6 to J u n e 10 3
3 5 days D ec. 4 to D eo. 3 1 . 5
28 days
-----. .. —
26 2b
gether a war etiest. Financial embarrassments in Spain have Jun e 10 to A ug. 2 1 .. 3ta 7 7 d a y s Y ear’s a v e r a g e ___ 4*52 36 5 d a y s
A ug. 2 6 to Oct.
5 6 days
56 days
also kept alive the apprehension that Spain will very soon Oct. 2 1 to D ec. 1 6 . 4
D ec. 16 to D oc. 3 1 . 5
15 days
follow the example of Portugal and offer a compromise to her
18 9 1 .
—
Y ear’s a v e ra g e ___ 3-05 36 5 days, J a n . 1 to J a n . 8 5
7 days
creditors. In Italy, too, the financial situation is very bad,
1887.
14 days
Jan. 8 to Jan . 2 2 . 4
3 4 days Jau. 2 2 to J a n . 29 31s
Jan. 1 to F eb . 3 . 5
7 d ays
and especially the rumors respecting the note-issuing banks.
Feb. 3 to Mar. 1 0 . 4
3 5 days Ja u . 29 to Apr. 16 3
77 days
Lastly, the Panama scandals m Paris for a while excited very Mar. 1 0 to Mar. 2 4 . 3ia 14 days Apr. l d t o M a v 7 3 *2 21 days
34
21 days M ay 7 to M ay 14. 4
7 d tys
grave ftars here. Now the general belief is that the Govern­ Mar. 2}l to A pl. 2 8 .. 3
A pi. 1 4 to A pl.
21 d a y s
2b 14 days M ay 1 4 to J u n e 4 5
98 d a vs J u ;C 4 to J if - e IS . 4
14 d a y s
ment is quite strong enough to maintain order, and that revo­ Apl. 28 io A ug, 4 . 2
A ug. 4 to rtept. 1. 3
28 days J u e 18 to J u lv c 3
14 days
j.
lution is out of the question. For a week or two, however, Sept. 1 to D ec. 3 1 . 4
1 2 1 days J u ly 2 to Sept. 24 . 2 b
8 1 days
----- • ------ Sept. 2 t to Oct. 29 3
35 days
alarmist rumors were circulated, and there was a serious
Y ear’s a v e r a g e ___ 3-34 365 days Oct. 2 9 to D eo. 10 4
4 2 davs
fear i f street fighting in Paris. In spite of so much that was
D ec. 1 0 to D ec. 3 1 . 3LJ
1883.
22 d a y s
—
12 d ays
1
Jan. 1 2
unfavorable prices upon the Continental bourses were won­ Jan. 12 1 >J a n . 1 9 .. 4
Jan.
to
7 days
Y ear’s a v e r a g e ___ 3 3 2 3 6 5 d a y s
3>a
Jan. 19 to Feb. 1 6 . 3
28 days
derfully well maintained throughout the year.
28 d ays
Feb. 16 to Mar. 1 5 .
Silver during the year fell heavily, with a few wide fluc­ Mar. 15 to M ay 10. O
5 6 days
1892.
May
to
7.
days
1
Jan.
21
tuations, which only added to the general perplexity. The J u n e 10 to J u n e 9. 3 b 2 8 days Jan. 2 1 to A pr. 21 .. 3 *2 7 7 days
63
7
A ug.
Jan.
to
7 3
days
2
35 daj s A »r. 7 to A pr. 2 8 . 2 b
21 days
fall involved bankers and merchants trading with the silver- A u f . 9 to Sept. 13. 3
Sept. 1 3 to O ct. 4 . 4
2L d ays Apr. 28 to O ct. ‘ 0 . 2
lv 5 days
using countries in seriousj loss, disorganized trade, and more Oct. 4 to D ee. 3 1 . 5
88 d a y 8 Oct. 2 0 to D eo. 3 1 . 3
72 days
than all other causes put together spread dis rust and ap­
Y ear’s a v e r a g e ... 3 3 0 3 6 6 days
Y ear’s a v e r a g e ___ 2-3 2 3 6 6 d a y s
prehension here in London. The year opened with bar siiver
The appended table, made up from the official statements
at 43%d. per ounce. Almost without interruption the price
fell to
per ounce early in February, then rose slightly, of the Bank of England, shows the position of the Bank ; s
regards bullion, reserve, etc., on each Thursday of the y ea r:
and after a few days hesitation fell again to 39d. at the end of
BANK OF ENGLAND IN 1 8 9 2 .— [OO.OOOs O inittel.]
March. After that, with some oscillations, there was a rise
© 5?-. <
S ■
6
o 1=
S e c u r it ie s .
D e p o s it s .
o .
to 4lJ-gd. per ounce in June, which was followed by a sharp
.3 -S a
=3 ©
and almost uninterrupted fall to 37^gd. per ounce in August.
5 .2
t-t o
©
S
A
1892.
©
A
A
m £4 rrj
In September and October there was another recovery, fol­
rz
© O
O
P
i O
«
«
=
2
£
lowed by another fall in December to 37 lo-16d. per oz. These
£
£
£
£
£
£
Pr.ct. P r.ct
£
movements excited alarm amongst those concerned, discredited Jan . 6 .. 25,9 22,5
6,5
13.2
13,0
31,1
32,5
■
j
5,9
13.9
3 ^ i« i«
31,0
12,6
28,6
the Eastern exchange banks, precipitated the liquidation of the
“ 1 3 .. 25,3 22.8
3 0 ,7
6,2
11,7
lt,8
28,7
3
i%
“ 2 0 .. 2 5 ,0 23,4
New Oriental Bank and the reconstruction of the Chartered
14,6
23,0
5,4
3
30,6
11,3
2 - ,4
“ 2 .. 24,0
l 1*16
14,4
5,4
28,6
2 7 ,7
3
LOU
U 5ia
Mercantile Bank, gave rise to much discussion as to the true Feb. 3 .. 25,1 23,1
28, > 10,2
2
27,1
1 ,7
3
“ I n . 24.6 23,9
6,8
policy to be observed in India, and finally brought about the
10,2
2 - ,5
8,3
27,3
16,2
3
2%
“ 1 7 .. 24,5 24,2
10,
28,1
2b
9,7
3
“
4 ..
International Monetary Conference at Brussels, which, as Mnr. 2 2 .. 24.6 24,9 10,2 2 -.3 10,8> 28,8 16,7
L6.4
25,0 25,0
2'-*,8
3
2
2 7 ,6
22,5
10,0
“
9 .. 2-t,9 25,3
10,8
16,8
3
every body knows, broke up without being able to agree up n
l ‘Ma
10.6
27,5
28,4
17,4
1 ,8
3
“ 1 6 .. 24,7 25,6
any practicable plan. The Secretary of State for India also ap­
28,1
10 8
29,9
17,4
11,5
3
“ 2<-. 24,7 2r»,7
3
;6,6
10,8
“
It’S
pointed a small commit tee presided over by the Lord Chancellor Apr. ; o . . 25,5 25,9 11.5 2 9 9 11.3 3 2 .3 15,4
7,7
29,3
26,1
2M
30,5
2b 1
6
28, l
14,5
11,3
26,8
to consider what policy the Indian Government ought to
6.7
“ 1 3 .. 26,3 24,3
2 b 1*8
27,0
15.1
11,3
2*2 U s
29.6
“ 2 0 .. 25,8 2 4 ,4
6.0
pursue in the new state of things. The committee took the
2
2 6 ,s
15,3
29,6
11,3
2-t,3
5,9
“ 2 .. 25,7
2 7 ,4
11,3
15,0
2
5,0
3 ,9
•25,9 24,5
H ip
evidence of bankers, merchants and others, but interrupted M ay 4 .. 2 5 ,7
1.3
26.9
15,4
2
24,7
5,4
3 0 .3
li..
its proceedings during the silting of the Brussels Conference,
27,2
! 6 ,0
2
31,2
11,3
5,5
2 ,6 2 5 ,2
“
8 ..
2
26,9
16,6
6,6
30,3
11,3
as some of its members were also delegates to the Conference. Ju“n e 2 5 .. 2 ,5 25,7
11,3
26,5
10,1
2 ‘,6
2
6,5
1-. 26,2 25,9
7s *
2
2 c ,l
19,5
2 ',2
11,3
6,7
8 .. 26, L 26,1
W hin the Conference broke up there was a further adjourn­
7s
17 4
2 6 ,0
2
6,0
3 1 ,0
11,3
“ 15. 25,0 26,9
l s ie
ment until after the Christmas holidays.
31,4
11.3
2 6 ,4
18,3
2
6,8
“ 2 2 .. 2 5 ,S 27,7
IV, 6
28,3
2
27,3
11,3
i
7,6
31,7
“ 2 9 .. 2 6 ,7
The Stock Exchange showed hardly any feature worthy of
2
13,2
28.8
16, -t
5.6
34,8
J u ly 6 .. 27,2 27,2
1316
13,3
16,6
2
4 ,2
24,9
notice during the year. From first to last business was in­
“ l b . . 2 6 .6 26,7
3 J,5
1518
25,1
16,6
2
13,5
4,8
3 2 ,4
“ 2 0 .. 26,5 26,8
7S
active. Operators were afraid to incur risks, and the
13,5
24,8
16,7
2
26.8
4,5
32,2
« 2 7 .. 26,8
•'»
13,2
16,4
2
31,9
24,7
4,0
b
Aug. 3 . . 27,0 2 K,7
volume of transactions shrank more and more. During the
o
16,1
24,6
32,6
1
13,1
“ 1 0 .. 2 6 ,7 j 2«,8
3,5
first three months of the year there was almost uninterrupted
11,9
24,7
16,5
2
4,0
31,8
I ts
“ 1 7 .. 26,5 27,3
o
11,2
17.3
2 4,5
27,6
3,8
31,7
“ 2 4 . 26,1
l l 16
selling of American railroad securities on a scale seldom
11,2
17,9
2
24,6
1
27,8
3,7
3 1 ,6
“ 3 1 .. 26,3
24,6
2
3 .4
11.3
31,7
17,8
witnessed. Gradually the selling came to an end, but the Sept. 7 .. 26,2 27,6
2
21,5
17,1
3,6
3 1 ,i
11,8
2 “,8
“ 1 4 .. 27,1
7e
2
public and speculators alike stood aloof from the American
17,9
24,8
27,9
4.4
11,8
1
31,5
“ 2 1 .. 26,5
2
17,2
29,8
2 i,4
27,7
1 1 ,s
26,9
5,1
“ 2 3 ..
U ts
market. For years before the public here had been getting
f» 7
25,1
16,2
2
3 3 .2
15,4
2-,2 £6,9
lo 16
3.5,6
2
15,4
23.9
4.5
3 2 ,6
rid of European Goverrment bonds m i the process was con­
“ 1 2 .. 2 7 ,0 26.1
l 3ie
31,5
24,2
15,1
3
25,2
15,5
5,5
2%
“ 1 9 .. 26,6
tinued throughout last year. There was also selling of
15,1
24.0
3
5.4
3 0 ,9
2b
“ 2 6 .. 2 .3 25.0
15,1
14,5
23,2
3
14,4
5 ,2
28,9
2b
Colonial stocks, especially Australasian, due to the banking N ov. 2 . . 2 6 ,4 2 4 ,4
•22,9
1-1 8
3
28,7
13.8
24,4
4,9
2b
“
9 .. 26,0
2 -,2
crisis out there. No new issues worth mentioning were
13,0
15,3
3
27,8
“ 1 6 .. 25, * 2 4 ,7
4.8
2b
<
22,1
15.9
3
27.6
11,6
24,9
4,0
“ 2 3 .. 25,5
Mm
brought out, hardly any new companies were formed—it was
11,5
23.3
15,5
3
28,7
25,9
24.9
3,7
2h e
2 3 ,4
15,7
3,7
11.2
3
24,7
28.8
H r ig
D ec. 7 . . 25,5
a year of liquidation and making up for losses.
2 3 ,4
28,9
11,2
15,8
3
24,8
3 ,7
“ 1 4 .. 25,4
1 131S
The following table shows the Bank of England rate of
11,2
25,1
15.5
3
4,8
29.3
24,6
1%
“ 2 1 .. 2 5 ,5
15,4
2 9 ,4
31,2
2S,3
3
2 4 ,4
4 .7
1%
“ 2 9 .. 25,5
interest for the past nine years :

January

28, 1898.]

THE CHRONICLE

In tbe table below will be found a valuable comparison of
the highest, lowest and average price of silver for each of the
twelve m onths of 1890, 1891 and 1892 :

1892.

1891,

1890.

High. Low. A ver.

High. Low. Aver.

d.
4 34 42W
41% 41-hs
39
40%
394i 391 i-T
£
39 He 40118
409, c
4 0 t!6
391,6 39%
37% 385,8
38%
i 8%
391.1 38% 3**,5i6
39 iR 3715 lf 8%

d.
48%
46%
4ft°,s
45
45 %
46
46%
46%
lA °I8
45
441,6
44%

d.
4678
44%
44%
13%
44%
44 k
45%
4a h e

4ft Bis 44%
441° ir
4 4 % 48
44% |47%
45
19
50%
46
54M?
4ft ‘IQ
4434 45
54%
44i-l6 44 s ]8 5.1%
4 3 8i 4 3 H 18
43% 4 3 %
49%

d.
4413 44%
4311,6 44
4334 43%
4 3 78 4 5 'ie
46
4?
46% 47 h
4 ,»16 401,6
f0% 52 64
50
•ftf’lB
48% 4 9! 1,8
45
47%
47% 48%

43%

4311,p

The Bureau of Statistics has issued its detailed statem ent of
be foreign commerce of th e country for the m outh of Decem­
ber 1892 an d 1891, and for the six and twelve months ending
December 31 1892 and 1891, as follows :

T

S il v e r .
d.

(I.
43%
41 ’h e
41%
40%
40%
41%
40%
3 9 it e
385, „
39%

Y e a r ....... 4 3 %

37%

3 91318

d.

For the
m onth o f
December.

d.

d.

4715,6 4473

0
0

Jan_ _
_
F eb —
M arch . . .
A pril . . . .
M a y .......
J u n e ____
J u l y .......
A ug .......
S e p t .......
Oct - -----N o v .........
D e e .........

IMPORTS AND EXPORTS FOR DECEMBER.

High. Low. Aver.

1^
j GO

PR ICE 03? SILVER FOR THREE TEARS.

151

4511B 5 i%

For Ike 6
For the 1 2 ,
m onths ended m onths ended
Dee. 31.
Dec, 31.

1892.—E x p o rts—D o m estic___ $36,218,202 $43 -2,203,234 $923,226,312
F o re ig n ........
!,3 i7 .0 ? 9
7,.063.70B
15,133,581
T o ta l........................... $37,54 -.274 $459,206.0-1(1 $938,419,893
I m p o r t s ................................ 7 0 ,4 5 1,710| 4 14,470,63 -■ 876,198,179
$17,093,564 $14,796,302 $*2,221,714
.............. .
1891.—E x p o rts —D o m e stic ..
F oreign—
T o ta l........................

S118576120 $544,69-8,933 $957,333,551
1,350,7 70
6,420.267
13,176,095
$1191135 ,0 4 $0 51,120,195 $970,509,046
r m p o i’t a ............................
69,418,023 l 895,074,92] j 828,320,943
E xcess of ex p o rts o v e t im ports ($50.,437,S73 $165,4311,274 ;$I43,188,703

The situation of the B ank of France, as to its stock of gold
an d silver, according to the last returns of each month of
GOLD AND SIL V E R — c o r x AND BU LLIO N .
1890, 1891 and 1893 was as follows, stated in pounds sterling ■ 1892.—
Exports- G o l d — D o n ) . . $12,844,141 i $34 314,920
GOLD AND S IL V E R I N BA NK O F F R A N C E .-fO O .O O O S O m i t t e d .]

1893.
Jan.
F eb.
M ar.
A p ril
M ay
June
J u ly
A ug.
S e p t.
O ct.
N ov.
D ec,

28
25
31
28
27
30
28
25
29
27
24
29

G old. S ilv 'r T o tal
£
54,2
55,3
56,3
57,9
62.0
63,5
65,1
06,9
: 67,2
67,0
67,3
68,8

£
50,1
50,5
51,0
51,1
51%'
53,8
53,7
51,9
53,6
51,2
51,3
50,8

£

303,3
1 0 ',8
10’ , 3
109,0
118,3
115,3
116,8
118,8
118,8
118,2
U S ,5
119,1

G old. S ilv ’r T o tal
£
£
£
29 45,8 49,7 95,0
26 48,6 49,7 98,3
26 48,7 49,8 98,5
30 49,5 50,Q 99,5
28 51,5 50,7 102,2
25 53,1 51,1 104,2
30 54,7 50,3 1105,3
27 54,0 50,7 105,3
24 53,5 50,3 103,8
29 52,5 50,0 102,5
26 53,3 50,2 103,5
31 53,5 50,2 103,7

18-0.

1891.
Jan.
Feb,
M ar.
A pril
M ay
Ju n e
J u ly
A ug.
S ept.
O ct.
N ov.
Dec.

J a n . 31
F eb 27
M ar 27
A p ril 24
M ay 29
J u n e 26
J u ly 31
A u g . 2S
S e p t, 25
O ct. 3Q
N ov. 27
D ec. 20

Gold S ilv ’r IV p.
.£
£
£
50,0 49,7 69/7
50,1 49,9 100,0
50,3 50,3 100,6
51,1 6'’,6 101,7
52,2 50,8 103,0
52,7 51,0 103.7
52,6 50,6 103 2
52,5 5 0 ,s 103,3
50,7 59,4 101,1
47,7 49,9
97,8
44,6 49,9 91,5
45,0 49,8
94,8

The exports of iron and steel from G reat B ritain have been
as below each year since 1872 :
E X PO R T S O F IR O N AND S T E E L FR O M G R EA T B R IT A IN .

P ig Iron.

1885.
1884,
1 8 8 3 ___-o ^o seo .o .
1 8 8 2 .........
1 8 8 1 ........... .
1 8 8 0 ............
1 8 7 9 . .......... .
1 8 7 8 ..........................
1 8 7 7 . . . . . ......... .
1 8 7 6 ...........................
1 8 7 5 . . . . . .............. .
1 8 7 4 ..........................
1 8 7 3 ...........................

O ther
D escriptions.

Tons.
767.367
840,055
1 ?X
45.268
1,190,3 71
1*036,319
1,158,174
1,044,257
980,931
1,269,576
1,564,048
1,758,072
1,480,196
1,632,343
1,223,436
924,646
881,442
910,905
947,827
776,116
1,142,065

1892 ........... ...
1891
1 3 9 0 ................... ..
1 8 8 9 ......... .
1 8 8 3 ................
1 8 8 7 ................

B ails.
Tons.
46 7,9SO
702,2 <7
1,035,431
1.089,892
j , 020,002
1 , 0 11,779
739,651
714,276
728,540
971,165
936,949
820,671
693,096
463,878
" 441,384
497,924
414,556
545,981
782,665
785,014

Tons.
1,504,804
1,697.814
1.820,731
1,905.919
1,910.242
1,973,075
1,605,289
1 ,455,475
1,497,139
1,508,095
1,658,531
1,517,458
1,466,055
1,196,170
933,193
965,285
899.809
963,498
621,741
1,030,734

Total.
Tons.
2,740, -i 17
3,240,146
4,001,130
4,180,182
3,906,563
4,143,028
3,389,197
3,130,682
3,496,991
4,043,308
4,353,552
3,820,315
3,792,993
2,883,481
2,296,860
2,346,370
2,224,470
2,457,306
2,487,522
2,957,813

The quantities and values of textile exports from Great
B ritain for the last three years are given in the folio rin g table;
E X PO R T S O F T E X T IL E F A B R IC S .

Year's E

1892.

xpo rts.

1891.

1890.

Q U A N TITIES.

C otton y a r n ................ lbs.
233.224.100
245,258,700
258.290.800
Piece g o o d s.......yds. 4,873,295,400 4,912,475,700 5,124,966,000
J u te y a r n ..................... lbs.
34,404,400
25,718,600
33,178,500
P iece goods......... yds.
273,775,90265,538,800
283.618,000
L in en y a r n .................. lbs.
1 5 ,3 t2 ,i 00
15,477,800
14,859,900
Piece goods..........yds.
171.320.100
184.039.800
159,457,7 00
W oolen y a r n ................ lbs.
41,082,900
4 l,7 c 8 ,7 0 0
41,434,800
W oolen tiss u e s........... yd s.
51,236,100
50,485,600
55,914,200
W orsted ti= sues..........yds.
172,420,500
142,699,700
144,530,500
VALUES.
£
£
S,
C otton y a r n ......................
9,698,1-72
12,341,307
11,177,318
P iece goo d s.................
48,765,289
54,159,758
52,431,977
J u t e y a r n ..........................
386,405
286,329
341,986
P iece goods..................
2,561,64 5
2,025,835
2,534,606
L inen y a rn .......................
860,393
889,176
89;-',026
P iece goods..................
4 ,2 5 4 ,9 .4
3,883,353
3,708,969
W oolen y a r n .......................
4,056,734
4,0-6,458
3,910,651
5.709,762
W oolen fa b ric s..................
6,016,31ft
6,031,803
W orsted fa b ric s................
10,326,254
3,979,659
8,711,411

The complete trade figures of exports and im ports to and
from G reat B iitain for three years are as below :
EXPORTS AND IM POSTS.

1891.

1S90.

£
227,080,224
64,400,420

£
247,235,1=0
61,796,593

£
263,530,585
64,319,091

291,460,644

309,031,743

327,879,676

423,892,178

435,691,279

420,885,695

132,431,534

126,659,536

93,006,019

1892.
E

x po rts.

H om e p ro d u c ts..............
BerShipm ent of im p o rts.
T o ta l e x p o rts.......
I m po rts.

T o ta l m erch an d ise..
E x cess of im p, o v er exp.

F o r e i g n ............
T o ta l.

S ilv e r--D o m e s t ic . .
F o r e ig n ....

T o t a l ......................
T o ta l e x p o r t s ...
Im p o rts—G old...........
S ilv er.........
T o t a l ..............................

$12,SI 4,14 tj
$2,926,085
1,764,112l
$4,710,197' '
$17,554,338
$1,540,53
: 1,824,529
$3,3:5,067

E xcess of e ^ o r t s over im p o rts $ 1 4 ,1 3 9 / 1
E xcess of im p o rts over ex p o rts
1891. -E x p o rts—Gold—Dom..
F oreign..--*
T o ta l.........................
S ilver—D o m estic ...
F o re ig n .....
T o t a l ...... . . . . . . . . .
T otal e x p o r t s .. . .
Im p o rts —G old.........
S ilv er......... .
T o ta l....... . . . . . . . . .
E xcess of e x p o rts over im p o rts
E xcess of im ports over e x p o rts

704 0 3 ,2 3 6
d l2 ,4 0lT
6.093.234
927,34 0. $76-496,470
,5*ta.320' $ ’0,365,520
♦ 33,728; 15,010,308
185.518. $35 975,834
$112472,304:
112,89 81
.415,338! $ 1 7 4 5 0 ,9 4 6
,520,681; 21,726,252
,03 ,019; $39,177,198
,076,8 19 $73,295.109

$ 2 4 3 5 ,0
$18 ,0 2 0 ,2 7 3 ! $2'
$3,039,526; $ 2 6 ,6 4 |4 5 0 '$ i0 6 ,7 7 9 ,^
$6,01878511 $ 4 1 ,6 6 3 ,S 46; $ 4 4 9 7 0 ,1
2 4 8 0 4 5 1 ; l i , S 1 9 ,5 1 5 ; 1 8 ,1 9 2 ;;
$8,099,505 $ 5 3 , 8 1 3 , 3 6 11 $ 6 3 ,1 6 2 9
■$5,009,9741 $26, 860.9 .I V

S 4 3 ,6 1 G,«

TOTAL MERCHANDISE AND COIN AND BULLION.

$101.98842 3 $497,081,97 1 $ 1 0 1399.5( 7
3,111,18 k 18,314,88;
36,897,123
F oreign.
$105* 99612 $51 0 879,80" $!050892197
T o ta l — .......... .
I m p o rts ................. ......... 7 3,816,77 7 407 506,657 915,375,377
E xcess of e x p o rts o v er im p o rts $31,282,835 $47 873,15 L $135,510,820
E xcess of im p o r t s 0 ver ex p o rts

1892,—E x p o rts—D om estic

1891.—E x p o rts —D o m estic .. $120008758 $558 973 8 29 $ 1 0 1 6 8 9 i :li»
10 893,316
30,391,757
3,016,664
F o re ig iL -..
$123025422 f577 771,645 $1077289100
T o ta l......................
77,547,628 449 188/28 2 391,43 3 ,-Of
I m p o rts — ...............
E xcess of ex p o rts o v e r im ports $45,477,894 $128 583,383 $185,805,303E xcess of im p o rts o v er ex p o rts
IM PO R T S AXD E X PO R TS B V P R IN C IP A L O CSTA US n rS T R IC T S .
I m po rts,
Cu s t o m s D IS ­
TRICTS A ND

P orts.

12 months enMtirj

December 31.

1S32.
?
11/59,5 y75,591.56 ‘
11,826
A,449/ 68
4,081,803-8.920
17,035,933
2.403.884
8,001,832
3,180,720
473,04 i

i

Ex po r ts.

12 months ending
i 'teember 31.

1891.
1S9L
i
■
f
>
%
70,02 825
l- s S v W
70,804.622 88/01,072 ST,75i-.>5 5
13.615 ©JUS,-M 0,2 30.300
O
60(1 3:2
S02,4hS
-4,833,875
3,773.789 2.583.218 2,6 i 9,052
' 1.2-/4,057 I t,3 15,570 21,906,070
2,980.5 >2 3/23,160
13,971,81
1,036.0" 6
2.588,121 5.75$ 112 4,299,745
2,839,540 5,924,200 6,492,709
410,917 3/37,755 2,079,174
2,482,265 8,279,978 7,615,125
44,000
ID
934,388
452,231.
283,507
939,898

3& ltlm ore,M d.
Boat. & C h arle s t’w n,M ass
B ru n sw ick , G a
Bu.LTaioCk:)JN'.y
J h a m p l’n , N.V
I h a r l e s t’n .S .C
Chicago, 111 —
’Inclnn& ti, Of',
C orpus C b risti
D etro it, M ich.
D u lu th , M in n ,
la lv e s t/ n , T e x
H u ro n , M ich ..
>lilw’k ee,W i8 .
n in n ’s’a,M m n
Mobile, A la ...
SCw O rl’n s.L a
N ew p’t N ew s
Sew Y ork,N ,Y
Sia£;ara, N .Y ..
\’o r l ’k ,v a.,& c.
Iregoxx, O reg..
Jsw e g a ’ie.N.Y
Oswego, N .Y ..
P en saco la, F la
P h ila d e l’a, P a.
P o rtld ,& e.M e.
P u g e t S’d,W a .
R ie h m ’n d , V a.
3 t. L o u is,M ca.
San F ra n ., Cal.
S a v a n n a h , Ga.
V erm o n t, V t,.
W illa m e tte , Oi
fVilml’g n , N.C.

7 3 /5 1
2,083,416 2,751,40 8
21,284,050 21,863,930 107,034,127 115.101,451
14.55i.61l
192,849 i
122,6X3]
----572,61a.259 521,438,27' 377.72 2.983 887,132,963
I) 131,245
"TO 1,98’
_*,985 -----------*
2,998,570 3,055,425
43,710 8,3-2 412] 15,250,407
37.918
1,219,762
105,207
129,881
1,673,132 1.SO1,860 u is .io ;] 1,764,831
1,911,99^ 2,0 8 1,815] 1 , 9 4 9 .9 4 ' 1,554,181
128,6001 3 ,6 9 7 ,4 3 " 2,853,106
10,835
‘
63,977.731 62,438.,2 /1 6U,315,380; 43.042,921
S,»9,0l4
739:,0041 l,935,283i 2.874.002
521,,605 5.129,03i 7 ,4 8 \ 125
731,8467,432
2 8,1031 3, <55,011. 7.742,451
3,033,
3, U 7.33s
43 697,950 58,325,’982' 3 l / i l '. k . y j 48 557.881
472 3-10 21,350.85 l .9 163 741
.
233,3 i r
-.398 946
""
4,973,710 6 , i 7h,057! 2
5,3.5.212
1,350,422 0 . 0 4 8 ,9 4 3 1 7 19a.675
1,286,932
204,145 5,937,700 0,751.386
123,489

Totals, (in
eluding all
oth ’r Dists.)

870,195.179 878,320,043 93^,419.89P;970.500,64 8

3,016,180

- 881,8171
1,176,349
815,5*15!

Rem aining in w arehouse D e c e m b e r 3 1 ,1 8 9 1 ......... ..............’ i n ' o f ? ' i l l
t
R em aining in w arehouse D e c e m b e r 3 1 , 1 8 9 2 .......................... $3-1,08/ , u
a In te rio r p o rts to wiiieb. m e rc h a n d ise c a n be tr a n s p o r te d w ith o u t
ing tb e sta tis tic s of e x p o rts to ad ja c e n t foreign te rrito ry “ft r&uro a

ears a n d o th er la n d vehicles.

THE CHRONICLE.

\52

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 .— 1 he
T
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Jan. 16 down to and includ­
ing Friday, Jan. 37; also the aggregates for May (from 17th to
$lst), June, July, August, September, October, November and
December.
stock: 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 io n s .

— S h a res, both s id es.—* /------- B a la n ce s, one sid e.------- a Sheets
C leared.
Total V a lu e. S h a res. V a lu e S h a res. C ash. C lear'd
M o n th —
$
$
$

M ay ...........
J u n e .........
J u ly ..........
A u g u s t__
S e p t..........
O cto b e r .
N ovem ber
D ooem b’r

4 731,000
10.084,000
9,807,300
13,998,480
18,857,800
20,726,300
16,519,200
25,221,100

256,300,000
1,041,048,200
099,313,200
977,583.000
1,268,000,000
1,358.733,000
1,113,800,000
1,758,000,009

446.000
1,508,760
1,120,100
1,667,400
2.065.800
2.325.800
1,831,500
2.087.300

22,500,600 208,300
94,506,700 1,433,971
74,180,100 074,700
107,380.000 1,301,600
128,003,500 1,697,508
148,022,000 1,761.400
128,975,000 1,417,800
102,500,000 2,317,400

2,190
S.8‘ 6
6,860
0,163
0,252
6,802
5,790
0,603

-— S h a res, both sid es.—,
C leared. T otal Value.
J a u . 1 6 .-2 ,4 0 8 ,8 0 0 1 6 3 ,5 0 0 ,0 0 0
“ 1 7 ..1 ,3 0 8 ,8 0 0 8 0 ,8 0 0 ,0 0 0
" 1 8 .-1 ,2 2 8 ,3 0 0 8 6 ,1 0 0 ,0 0 0
" 1 9 ..1 ,1 8 0 ,9 0 0 8 4 ,3 0 0 ,0 0 0
" 2 0 .-1 ,3 0 5 ,1 0 0 9 4 ,4 0 0 ,0 0 0

------- B a la n c e s, one sid e.-------- . Sheets
Shares. V a lu e S hares. C ash,C lea)Jd
2 4 3 .3 0 0 1 4 ,8 0 0 ,0 0 0 4 7 3 ,5 0 0
359
1 1 4 .3 0 0 1 0 ,2 0 0 ,0 0 0 1 6 0 ,6 0 0
33 2
1 2 4 ,2 0 0
8 ,5 0 0 ,0 0 0 9 6 ,3 0 0
319
1 2 6 ,7 0 0
8 ,6 0 0 ,0 0 0 1 3 2 ,4 0 0
317
1 4 2 .3 0 0 1 0 ,0 0 0 ,0 0 0 1 0 2 ,5 0 0
333

T ot. wk, . 7 ,4 3 1 ,9 0 0 5 1 8 ,1 0 0 ,0 0 0
J a n . 2 3 .-2 ,3 2 6 ,9 0 0 1 7 2 ,9 0 0 ,0 0 0
“ 2 4 ..1 ,5 3 1 ,6 0 0 1 0 1 ,5 0 0 ,0 0 0
“ 2 5 ..1 .0 4 0 ,2 0 0 6 8 ,0 0 0 ,0 0 0
“ 2 6 ..1 ,3 6 9 ,8 0 0 1 1 8 ,0 0 0 ,0 0 0
“ 2 7 . .1 ,6 7 2 ,9 0 0 1 4 3 ,4 0 0 ,0 0 0

7 8 0 .8 0 0
2 2 8 .4 0 0
1 9 1 .8 0 0
1 1 3 .4 0 0
1 7 4 ,7 0 0
1 6 6 ,0 0 0

Tot. w k .7 ,9 4 1 ,4 0 0 6 0 3 ,8 0 0 ,0 0 0

5 2 ,1 0 0 ,0 0 0
1 6 ,4 0 0 ,0 0 0
1 2 ,3 0 0 ,0 0 0
7 ,1 0 0 ,0 0 0
1 3 ,4 0 0 ,0 0 0
1 3 ,5 0 0 ,0 0 0

9 6 5 ,3 0 0 1.660
2 1 9 ,1 0 0 3 5 5
2 1 3 ,4 0 0 3 31
8 5 .5 0 0 311
1 2 5 ,9 0 0 338
2 0 9 ,5 0 0 335

8 7 4 ,3 0 0 6 3 ,0 0 0 ,0 0 0 8 5 3 ,4 0 0

1,673

From May 17 to 34 inclusive the stocks cleared were
Chicago Milwaukee & St, Paul common, Louis. & NashvilleNorthern Pacific pref, and Philadelphia & Reading. On the
35th, Atchison, Chicago Burlington & Quincy, Bock Island and
Union Pacific were added to the list. On June 4, Chicago
Gas, Missouri Pacific, New York Lake Erie & Western and
New York & New England were added; on June 15, Delaware
Lackawanna & Western, American Sugar common and
Western Union were added. On Sept. 31, Distilling & Cattle
Feeding was added. On Dec. 37, National Lead common
was added to the list and Delaware Lackawanna & Western
was dropped.
g t t e m C o m m e r c i a l g t i g l i s R H -eu »
[F ro m o u r o w n c o r r e sp o n d e n t.)
L o n d o n , Saturday, January 14, 1813.
' The Bank of England has made no change in its rate of dis­
count, and in the open market the quotation has gone up to
1% per cent, with a rising tendency. For the past few weeks
the French joint-stock banks having offices in London have
ceased taking English bills, and as they hold large amounts
which are gradually falling due they will be able to withdraw
much gold if they please. Furthermore, they have given
notice that the short loans made by them to the market may
be called in at any moment. All this has naturally led to the
expectation that a cor siderable drain to Paris will set in. On
the other hand, the Bank of France has announced that for
the present it will not buy bar gold or foreign gold coin. The
Bank is authorized to issue 3% milliards, or 140 millions
sterling, in notes, and it actually has issued very nearly 139
millions sterling. Naturally it is unwilling to exhaust its
power, and hence is obliged to stop paying notes for gold.
The first impression here was that this would put an end to
the gold withdrawals, but further consideration has changed
the opinion. The other banks in Paris cannot obtain notes from
the Bank of France, and the latter institution is not likely to
lend gold ; therefore if any of the banks need assistance from
the Bank of France, they will have to accept silver, and rather
than do that it is probable that they will withdraw their
available balances from London. Furthermore, it is announced
nat the Rothschild group of bankers have arranged for
bringing out very soon in Vienna, Pesth, Berlin, Frankfort,
and Amsterdam an Austro-Hungarian 4 per cent gold loan of
about 6 millions sterling. The group has further concluded a
■contract for converting a pi rtion of the Austrian and
Hungarian paper rentes.
The Indian demand for silver for immediate delivery con­
tinues good, the price fluctuating in the vicinity of 38% d. per
ounce. The Indian export trade is very active. Both the
cotton and the rice crops being large, and the weather reports
being good, it is hoped that the wheat exports will also be very
large. Evi lently the over-supply of silver due to the immense
imports of 1890 has now been absorbed, and the demand for
silver is likely to continue. During 1890 the bank rates in
Bombay and Calcutta ranged from 3 per cent, the lowest, to
13 per cent. Ihe highest. During 1891 the range was only from
3 per cent to 4 per cent. Last year it was from 3 per cent to

[VOL. LVI.

5 per cen t; but already this year the rate in Bengal has gone
up to 6 per cent and in Bombay to 5 per cent. There are
signs, too, of improvement in the Indian import trade.
There has been some slight recovery this week on the Paris
Bourse, but it is believed to be chiefly due to buying back by
“ bears.” The feeling in Paris is very apprehensive. The
preparations being made by the great banks sho v that there
is fear of a run, if politics grow worse, and here in London a
very gloomy view is taken. Especially the fall of M. de
Freycinet is looked upon as an exceedingly unfavorable sign.
It is resented by the Radical Republicans, and as his influence
was immense withthearm y itis thought to have weakened the
power of the Government to maintain order. In Spain, at the
same time, the bourses are all greatly depressed, and after a
slight recovery there has been another fall in Spanish 4 per­
cents, chiefly due, it is said, to selling by Spanish holders. At
a meeting this week of representatives of the principal
chambers of commerce throughout Spain the policy of the
Government and of the Bank of Spain was strongly con­
demned. The agitation against the Italian note-issuing banks
continues. A speech by Count Caprivi on Thursday in sup­
port of the new army bills has made an unfavorable im­
pression on the German bourses, and the news from Russia is
still very disquieting. On the other hand the improvement in
trade in India and South America, as well as in the United
States, leads to the hope that the depression in our own export
trade will soon pass away ; and there are signs, too, of recovery
in Australasia. Besides all this, the liquidation of bad business
in London has been nearly completed. The banks are all
strong, credit is decidedly better, and the fear of further great
strikes is passing away. Still, there is exceedingly little doing
upon the Stock Exchange, for in the present uncertain state of
Paris all operators are cautious how they act.
As stated last week, the dividends of the purely London
banks are all disappointing. In one case there is a reduction
compared with this time last year of as much as 2% per cent,
in another 3 per cent, and in three instances 1 per cent. On
the other hand, one of the discount companies declares a
dividend 1 per cent larger than twelve months ago and the
other declares the same rate. It is noteworthy moreover that
the country banks in the great majority of instances have
maintained their dividends. The competition in London is,
of course, much keener than throughout the rest of the
country, and the London banks are, furthermore, much more
dependent upon the Stock Exchange demand.
A new
departure in banking has just been announced by Pair’s Bank,
which lately absorbed the Alliance Bank. It intends hence­
forward to declare quarterly dividends. The custom hitherto
has been to pay O D ly half-yearly. The railway dividends are
somewhat later than usual. The Manchester Sheffield & Lin­
colnshire Company has declared a dividend at the rate of 3 per
cent per annum against 4 per cent at this time last year,
which is worse than expected. The South Eastern, on the
other hand, declares 6% per cent against 6 per cent, which is
unqui stionably better than had been looked for, and the
London & Brighton announces 2% per cent against 9% per
cent, or just wliat was expected.
There is universal dissatisfaction with the new railway
rates which came into force on New Year’s Day. The act
requiring these was carried only after many years’ agitation,
and tne object aimed at was a general reduction of rates. It
is found, however, that in many cases there has been no
change, and that in a very considerable number there has
actually been a rise. Especially it is complained that the
interests of the smaller traders are disregarded. The outcry
has been such that the Board of Trade has been obliged to
address a remonstrance to the railway companies. The com­
panies reply that they had over 30 millions of different rates
to revise, that the time at their disposal was too short, that
they were compelled therefore to fix provisional rates, but
that they intend to continue the revision, and that they hope
to have satisfactorily completed the work by the end of
February. Finally they announce that they have appointed a
committee to meet and consult with any traders who think
they have a grievance.
The attempt to mediate between employers and employed in
the cotton trade has broken down, and a conference between
representatives of both parties has come to nothing. The
operatives offered to accept the reduction of 5 per cent in
wages if short time were coupled with it, and this the emplojers refused.

THE CHRONICLE.

J anuary 28, 1893.J

153

The Board of Trade returns for December are in some o f a b etter Ind ia oounoil sale than bad boon exp ected . The m ail now
h a v in g gone, bars are led. dow n a t 38%d. for n e x t w eek's shipm ent.
■respects more favorable than those earlier in the year. The A rr iv a ls: New Y o rk , £ 83,000; West Indies, £20,000; Chili, £30,000
total, £139,000. S h ip e
C alcu
following off in the value of the exports of British and Irish dria, Jan. 6, £ 1,0 0 0 ; mB n ts: To Jan. tta,£Jan. 8, £ 77.50 0 ; A le x a n ­
om bay.
6,
180,500; Japan, Jan. 6,
produce and manufactures is only 2’69 per c e n t; on the other £03,000; Bom bay, Jan. 12, £213,800.
M exican D o lla rs—B u sin ess In these coin 1ms boon done at Id. under
hand, the imports, which began to fall oil at the end of the silv e r, and a t th is r a te th ey h av e been turn ed into bar sliver for the
summer, have greatly shrunken, the decline being nearly E ast. A rr iv a ls: New Y o rk , £21.0 0 0 ; W est Indies, £5,000. S h ip ­
m en ts: Penang, Jan . 6, £28,200; Hong K on g, £ 12,78 7.
12 per cent for December. For the whole year the shrinkage
The following return shows the position of the Bank of
in exports is about 8 % per cent compared with the previous
year and nearly 14 per cent compared with 1890. The England, the Bank rate of discount, the price of consols, Sec . ,
lompared with the last three years:
shrinkage in imports is 2?g per cent compared with 1891, but
L8(*3.
1892.
1891
1810.
there is an increase compared with 1890. The falling off of
Jan. 11
Jan. 13.
Jan. U.
Jan 15.
£
£
£
£
course is largely due to lower prices in all cases. The chief C ir c u la tio n ............................................ 25.028,525 25,812.300 24.807,560 2 1 ,1 4 5 ,4 0 .
decline in the exports is in iron and steel. The total value of P u b lic d e p o s i t s ................................... 4,770,115 6.855.309 3,754,200 5.383,485
all kinds of iron and steel exported in 1890 was nearly 25^ O t b e r d e p o s i t s ..................................... 32,029.857 30 999,041 33,948 839 24.760,045
O a r e r n m o n t s e c u r i t i e s .................... 14.055,983
12.501,868
9,582.278 15.760,104
millions sterling. In 1891 it fell to about 19% millions sterling. O t h e r s e c u r i t i e s .................................... 25,287.811 28,558.907 29,631,712 21,803.252
Last year there was a further fall to about 16% millions R e s e r v e ................................................... 15,500.107 13,882,253 10,799.102 10,713.463
sterling. The total shrinkage in the two years has been over C o in a n d b u ll io n ................................. 2 4,73-.632 22,754.013 25,016,722 18,058 868
Prop.assets to liabilities,per ct.
421-10
37J4
44 5-10
3514
8% millions sterling, or about 35 per cent. There has also B a n k r a t e ................................ p e r c t .
3
3%
4
6
C o n s o ls 2H p e r c e n t ........................
97 15-18
95 11-10
97 1-10
97 5-10
been a very considerable falling off in cotton.
One hundred and thirty wills were admitted to probate last C le a r in g - H o u s e r e t u r n s .............. 119,428,000 109,913,000 103,079,000 172,748,0 t0
■year disposing of personal property of more than £100,000 in
The following shows the imports of cereal produce into tb e
value in each case. The total amounted to somewhat over United Kingdom during the first nineteen weeks of the season
39% millions sterling against somewhat more than 35% mil­ compared with previous seasons:
IM PO R T S.
lions sterliog hi the year before and somewhat over 35% mil­
1892-93.
1891-92.
1890-91.
1888-90.
tm p ortsofw h eat.ow t.2 5,4 9 7,6 3 3 31,590,804 23,818,623 22,297,287
lions sterling in 1890. Five wills disposed of more than a
B a r le y ........................... 8,084,803 10 ,7 11,7 3 3 10 ,573,8 41
7,656.991
million sterling in each case, and nine of more than half a Oats............................... 5,75 5,7 18 5 ,9 9 4 ,3 11 5,058,806 5,436,528
Peas................................
999,766 1,2 53 ,18 4
737,455
671,404
million but less than a million sterling. The largest property B ean s...........■ ................ 1,688,738 1.542,421 1,157,0 94 1,384,221
in any single case was that of Mr. Clarke Hills, an unknown Indian co rn __ „___ 11,6 3 4 ,3 5 7 7,086,386 10,672,310 11,0 21,4 68
chemical manufacturer, who left nearly £1,943,000. Mr. F lour............................ 8,340,336 6,480,358 5.433,497 6,546,902
Supplies available for consumption (exclusive of stocks on
William H. Smith, M. P., left £1,764,000, and he had besides
September 1):
very valuable real estate.
1892-93.
1891-92.
1890-91.
1888-90,
According to Mr. Sauerbeck’s Index Numbers the prices of V h e a t ...................e w t.2 5 ,497,633 31,590,804 23,318.023 22,297.287
Imports o f flour......... 8,310,330
6,480,353
5,43 3 ,197
6,546.902
45 commodities were represented last year by 68, showing a 'a le s o f h om e-grow n. 9,886,644 12,540,8 16 15,242,993 19,882,944
fall of 4 compared with the preceding year. This is the same
T o ta l..................... 43,724 ,613 5 0 ,611,978 4 4 ,49 5 ,113 48,727,133
cs in 1887, but with that exception is the lowest since 1873,
1892-93.
1891-92.
1890-91. 1889-90.
Aver, price w h eat w eek.25s. 104,
36s. 2d.
32s. 3d.
30s. Id .
when the index number for the same 45 commodities Average p rice, se a so n ..2 7 s. 9 1.
36s. l i d .
32s. 2d.
30s. Od.
represented as much as 111.
The following shows the quantities of wheat, flour and
The imports since January 1 have been as follows:
naize afloat to the United Kingdom:
I m po r ts .
J a n u a ry..........
F eb ru arv _
_
M arch ..............
A p r il................
M a y ................. .
J u n e ................ .
J u ly .................
A u g u st............ ,
S eptem b er__
O ctob er...........
N o v e m b er__
D e c e m b e r__

1892.
£
38.485,244
34,877,931
3 6,704 ,177
34,920,272
34,935,738
32,8 11,854
33,497,585
34,844,365
31,485,305
34,726,858
38,898,373
37,879,129

12 m onths.. 423,892,178

1891.
£
33,741,032
3 3 ,3 11,3 54
35,253,059
38,982,537
34,377,693
36,850,124
32,824,11 I
32,746,279
34,089,301
36,873,829
43,861,389
43,261,980

435,691,279

Difference.
£
+ 4 ,74 4 ,16 2
+ 1,566 ,577
+ 1 ,4 5 1 ,1 1 8
— 4,062,265
+ 558,040
— 4,038,270
+ 673,474
+2,098,086
— 2,603,996
— 2 ,116 ,9 7 1
— 4,963,016
— 5,382,851

- 1 1 ,7 9 9 ,1 0 1

Per 01.

+ 14-06
+ 4-70
+ 4-11
— 10-42
+ 1-62
— 10-95
+ 2-05
+ 6*40
— 7-64
— 5-82
— 11-3 1
-12 -4 1
— 2'70

The exports since January 1 have been as follows:
£
EX PORTS.
J a n u a ry ......... . 1 9 , 1 4 6 , 7 0 4
F eb ru ary*__ . 1 9 , 3 2 8 , 7 5 3
M arch ............ . 1 9 , 6 6 5 , 3 8 2
A p r il............... . 1 7 , 8 6 5 , 8 7 6
M a y ................ . 1 7 , 7 8 3 , 9 6 9
J u n e ................ . 1 8 , 0 7 0 , 3 1 8
J u ly ................ . 1 9 , 4 6 3 , 5 9 7
A u g u s t ........ . . 2 0 , 0 5 1 , 3 3 0
S e p te m b e r... . 1 9 , 1 0 4 , 8 5 9
O ctob er......... . 1 8 , 7 2 5 , 4 6 0
N o v e m b er. . . . 1 8 . 5 4 9 , 3 4 0
D e c e m b e r. , . . 1 9 , c 0 4 , 6 3 6

D ifference.
£

P e r 01.

1 9 ,8 3 4 ,3 1 5
2 0 ,4 7 0 ,6 2 1
2 1 ,6 6 3 ,3 7 8
2 0 ,9 1 9 ,0 6 6
1 9 ,7 4 4 ,4 7 3
2 1 ,4 3 4 ,3 9 9
2 1 ,9 4 5 ,1 1 2
2 0 ,6 7 0 ,4 8 9
2 0 ,7 9 3 ,5 4 3
2 1 ,1 6 6 ,1 1 3
1 8 ,7 9 0 ,9 4 9
1 9 ,8 3 9 ,8 1 5

— 6 8 7 ,6 1 1
— 1 ,1 4 1 ,8 6 8
— 1 ,9 9 7 ,9 9 6
—3 ,0 5 3 ,1 9 0
— 1 ,9 6 0 ,5 0 4
—3 ,3 6 4 ,0 8 1
— 2 ,4 8 1 ,5 1 5
— 6 1 9 ,1 5 9
- 1 ,6 8 8 ,6 8 4
—2 ,4 4 0 ,6 5 3
— 2 4 1 ,6 0 9
— 5 3 5 ,1 7 9

— 3 -4 6
— 5*57
— 9 -2 2
— 1 4 -5 9
— 9 -9 3
— 1 5 -6 9
— 1 1 -3 0
3 -0 0
— 8*12
— 1 1 -5 3
— 1 -2 8
— 2 -6 9

12 m onths.. . 2 2 7 , 0 6 0 / a2 4

2 4 7 ,2 3 5 ,1 5 0

—2 0 ,1 7 4 ,9 2 6

— 8 -1 6

1892.

1891.

£

* 29 d ays In 1892.

The exports of foreign and colonial produce since January 1
show the following contrast:
R e -e x p o r t s .
J a n u a r y ..........
F e b ru a ry .........
M arch ..............
A p r il.................
M a y ..................
J u n e .................
J u ly ..................
A u g u s t............
S e p te m b e r.. . .
O cto b er...........
N o v e m b e r__
D e c e m b e r__

1892.
£
4,128,646
5,728,772
5,566,389
5,545,838
6,591,447
4,648,260
5,971,20 7
4,376,509
4,227,061
6,363,028
4,788,058
6,468,205

189 1.
£
4,389,802
5,862,215
5,935,458
5,535,152
5,447,331
4,612,759
6,104,233
3 ,657,4 51
4,353,478
5,999,495
4,377,262
5 ,52 1,95 7

D ifference.
£
— 2 61,156
— 133,443
— 369,069
+
10,686
+ 1 ,1 4 4 ,1 16
+
35,501
— 133,026
+ 719,058
— 126 ,4 17
+ 363,533
+ 410,796
+ 946,248

P er Ct.
— 5-95
— 2*27
— 6-21
+ -19
+21-00
+ -77
— 2-17
+19-94
- 2-90
+ 6-06
+ 9-38
+ 17-13

1892.
2,175,000
365.000
420.000

T h is w eek
L a s t w eek.
S lie s t ......... ........ q rs. 2,182,500
2,229,000
Flonr, eq ual to
q rs. 470,000
494,000
Vlatze........................ q rs. 271,000
336,000
B u s lls h ( fla in iE lu l

1891.
1,597,000
369.COO
374,000

T la rite tM — P a r O im « .

The daily closing quotations for securities, &c., at London
are reported bv cable as follows for the week ending Jaa. 27
London.

Sa t.

Sliver, per o z ................. d
Consols,new, 2% p e r cts.
do for a cco u n t.........
Pr’ch rentes (in P a ris)fr.
C . 8. 4s o f 1907 .
T
Canadian P a ciflo ............
Ohio. Mil. & 8 t . P a u l ....
Illinois C e n tra l................
Lake Shore...................
L ouisville & N a sh v ille ..
Mexioan C en tral 4 s .......
N. Y . Cen tral & Hudson.
ST Y . L a k e E rie & W est’n
.
do
2d co n s............
Norfolk < W estern, p re f.
fe
Northern Paciflo p r e f...
P en n sylvan ia...................
Philadelphia & Reading.
Onion P a citio...................
Wabash p r e f....................

M on.

Tv.es.

Wed.

T fiurs.

F ri.

38%
38%
38“i6 38 %q 38%
38»io
983j6 OS'+g 98%
98SlS 9811C 98
98% e
98%
9841
98%
96-47% 97-25 96-95 968 0 9 6 - 8 ^ 96*50
92ia
8 1%
106%
134%i
79
67%
113 %
26 +
105%
39%
50%
56 'e
27
42-58
26%

92%
84%
106%
135
79%
67
113%
27
105%
40%
51%
56%
27
42%
26%

9 1%
84%
106%
135
78%
67
114 %
27%
106
40%
50%
563b
27
423s
26%

92%
84*4
106%
134%
80
67
114*4
27%
106%
40%
51
56%
2738
433a
26%

92
83%
106
133%
79
67
113 %
26*4
106
40%
50
56%
26%
42*%
26

x89%
84%
106%
134%
x77%
67
114 %
27*s
106
40%
50%
56%
27%
43%
26%

s g o rra ro c rc ta l aix tl JJS M sceU atiecrits H e w s
N a t i o n a l B a n k s . —The following national banks haTe
recently been organized:
4.828—

The N ational B an k of D avis, W est Va. C apital, $50,000.
President, T. B D a v is ; -------, Cashier.
The F irst N atiou al B a n k o f Beuieut, III. C ap ital, $50,000.
President. W illiam M. C a m p ; Cashier, H arry 8. Bower.
4.830— The F irst N ational B an k o f E l Reno, Oklahom a Ter. C apital,
$50,000. Presidout, J. T. A lliso n ; Cashier, B. F Still.
4.8 31— The F irst N ational B an k of Appleton, Minn. C apital, $50,000.
President, Florado H. W ellcom e; Cashier, Lew is B. Tadsen.
I m p o r t s a n d E x p o r t s k o r t h e vV e e k . — The fo l lo w in g a r e
4.829—

the imports at New York for the week ending for dry goods
Jan. 19 and for the week ending for geaeral merchandise
Jan. 20; also totals since the beginning >f the first week n
+ 4*21
12 m onths... 64,400,420
6 1,796,593
+2,603,827
January.
r o R B c o i * f«po trs a t s a w
fo r k .
Messrs. Pixley & Abell write as follows under date of
January 12:
18$ 3
?«92
1890.
18 9 1.
1
For Week.

■ Gold— There has been ra th e r moro in q uiry for gold since the new
y e a r, and bars h a v e beeu read ily tak e n fo r both P a ris and Berlin. The
m ovem ents a t the B ank, a re — £ 1 3 6 ,OOO p a id in and £487,000 w ith ­
d raw n, a ll fo r the Continent. A rr iv a ls : N atal, £48,000 ; New Zealand
and B razil, £6,000 ; B om bay, £27,000 ; West Indies, £03,000 ; South
A m erica, £ 29 ,000; total, £173,000. Shipm ents to Bom bay Jan. 6,
£70,000.
S ilv e r— The only orders for silv e r con tin ue to be stric tly for cash,
and a fte r a fa ll to 3 8 % !. on the 9 lh lust, th ere w as a riso on W ednes­
day to 3 8 % !., p a rtly oil accoun t of th e m ail closing, and p a rtly because

$3,007.8 S7
7,445,444

$4,091,787
7,875,085

$10.088,862| $10,453,331

$11,966,872

Ory G oods.......
4en'i m er’diae.

$3,157,023
5,867,283

T o ta l...........
Since J a n . 1.
Ory G oods.......
3en’l m er’dise.

$10,866,560
18,493,272

$10,098,719
21,914,987

$9,162,473 $10 ,512,9 17
22,194,9731 2 7,051 o i l

Total 3 w e e k s..

$29,359,832i $33,013,706

$3l.357,41S| $37 564.523

$9,024,306

$2,9 27+38
7,160,924

THE

154

CHRONICLE.

The imports of dry goods for one vresk later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive cf
specie) from the port of New York to foreign ports for tl e
w jek ending January 24 and from January 1 to d ate:
BXPORTS FROM NEW YORK FOR THE WEEK..
1890.

18 9 1 .

1893.

1892.

F o r th e w e e k ..
F re v . rep orted .

$6,213,554
1 5 ,11 5 ,7 7 9

$6,013,744
13 ,15 7,12 3

T o ta l 3 w e e k s..

$21,359,333

$19,500,867

$6,209,932
13,955,441

$3,432,510
20,145,663

$23,573,203 . $20,165,373

The following table shows the exports and imports of speci­
al the port of New York for the week ending Jan. 21 and
Jan. 1, 1863, and for the corresponding periods in Id 2
and 1881 •

B in e?

E X PO R T S AND IM P O R T S O F S P E C IE AT H E W Y O R K .

W eek.

S in c e J a n . 1.

£ ..
4,300,000

$200
6,300,000

W est In d ie s................

106,400

South A m erica ..........
A ll oth er c o u n trie s..

30,000

T o ta l 18 9 3 ...........
T o ta l 18 9 2 ...........
T o ta l 1 8 9 1 ...........

G rea t B rita in ....... .
W est In d ie s................

$.............

116,300

2,257

83,395

2,674
607

7,857
4,7e3
22,993
1,207

$4,436,400! $6,499,895
37,000
90,346
1 7 5 .5 2 ll
464,801

$5,538
119 ,7 9 3
19.390

$36,840
3 7 2 ,112
601,638

Im p o rts .

W eek.

S in c e J a n . 1.

W eek.

S in ce J a n . 1

$224,600
11,500

$1,578,700
40,600

34,130

64,207

400

600

7,227

7,8 14
1 1 ,1 9 1

24,601
12 ,8 15

$1,690,734
1,456,600
1,10 5 .16 3

$19,405
1,333
13.076

$38,016
102,20 i
136,419

S outh A m e r ic a .........
A ll oth er c o u n trie s..
T o ta l 1 8 9 3 ............
T o ta l 1 8 9 2 ............
T otal i s o i ...........

S in c e J a n . 1

$ ............

E xp o rts.
S ilv e r .

W eek.

$270,230
616,905
392,514

$ ............

City Railroad Securities—Brokers’ Quotatoins.
Atlantio A v .,B ’ k lyn .8t’k.
Gen. M., 5s, 19G 9...A & 0
Bl’ckor St. <. Fill. F. —Stk.
6
lstm o rt., 7a., 1900-.J&J
Br’ uwav & 7 th A v .~ S t’k..
1st rnort., 5a, 1904 .J&D
2d mort., 58,1914...J«feJ
B’ way le t, 5a, gu ...... ’ 24
2nd 6a, int. aa rent., ’05.
Brooklyn City—NewStock
B ’k lyn erosst’n 6a., 1908
•Central Crosstown—S t’ k ..
lstm o rt., Os,1922.MAN
-'ent. Pk.N .& E .R iv.—Sik.
.-ry Dk.E.B.& Bat’y— Stk.
1st mort., 7 s, 1893-.J&D

104
28
111
193
105
105
105
95
205
109
102
160
115
150
110
16
U3

........ Dry Dock E . B ’y & B.—
30
Eighth A v .—Stock............
113
Eighth A v.—Scrip, 6s, 1914
202
42d & Gr’nd St. F ’ry— Stk.
1st mort., 7s, 1893.A & 0
42d St. Manh.& St.N .Ave.
1st mort-., 6s, 1910.. MAS
...
2d M„ incom e,6s....J& J
270
Houst.W .St.& P .F ’y —Stk.
111
1st mort., 7a, 18 9 4..J&J
103
Second A ve.—Stock........
120
1st mort., 5a, 1909. M&N
152
Sixth Ave.—S tock .............
. ....
170 1 1st M., 5a, 1937.
J&J
.Twenty-third St.—Stock..
1 let. mort.. 7s, 1893.

1
101 102
2 7 0 .......
1C5 110
298 .......
1 0 2 .......
70 73
m m
70| 73
200 __
1 0 4 .......
130 ..
165 170
It 2 105
210 215
250 ...
1 1 2 .......
I t 3 .......

M. ¥. and Brooklyn Gas Securities—Brokers’ Quotations,

I m p o r ts .

E x p o rts ,
Gold.

|"Vol L M ,

$ ............

—The Atlantic Mutual Insurance Company hrs just issued
its annual statement for 1882 which makes an excellent show­
ing. The company had total marine premiums of 85,162,393
and paid lo-ses of $1,466,178, against losses of $1,836,325. The
assets have increased over $200,000 and now stand at
$12,485,685. The company declares 6 per cent on the outstarding certificabs of profits and w ill redeem the issue of
1888 on and after Februaiy 7. The'usual dividend of 40 per
cent is delared on the net-earned premiums of 1892 payable
May 2, 18-3.
The Board of Trustees presented this week to President
John D. Jones a life-size portrait by Hunting!on. The pres­
entation was accompanied w bh the congratulations of the
Board upon the great success that has been attained through
the efforts of Mr. Jones and his associates in the direction of
the business. In reply to the brief address of Mr. Bliss, Mr.
Jones spoke as follows :
G e n t l e m e n —It is with a degree of trepidation that I try to
express my appreciation of the compliment conveyed
by your proceedings resulting in this portrait and of the
veiy flattering terms in which Mr. Bliss presents it to me in
your behalf. I wish to assure him that we do not claim
that the insurance business has been reduced to a scic-ncp.
It is with close -watchfulness and hard w oik that we have
been favored with success.
“
When the Atlantic Mutual Insurance Company reached
its fiftieth anniversary last year, it was certainly pardonable
for all of us who have been concerned in its management to
look back with pride upon its past as w ell as to look forward
with hope to its future.
Nor would it be the part of true humility to profess to
ignore the uninterrupted prosperity which thus far has
attended irs conduct of a delicate as well as important depart­
ment of the world’s commerce, nor the fact that the mutual
principle on which the company was founded has made this
prosperity the prosperity of the merchants who confided their
risks to its keeping, and through the merchants of all who ate
served by commerce.
While I was unable to be with you ou the 10th of February
lasf, yet I could not but share your wish for a suitable com­
memoration of the anniversary, although the mode of com
.memoration which it was your good pleasure to adopt would
not have occurred to me.
To a rightly constituted mind the consciousness of duty,
faithfully and zealously discharged, it ample reward for
whatever care and labor may have been devoted to duty ; and
when, with the aid of loyal associates and through the favor
of the Power which rule's the winds and the waves, one’s lifework has been crowned with success, particularly in results
beneficial to mankind, nothing remains to be desired.
But in my case I owe to your generous appreciation the fur­
ther satisfaction of being assured of the approval of my
stewardship by the trustees, whose relations to the company,
as well as whose personal character, give peculiar weight and
value to their approval.
And I only ask that you w ill accept m y grateful and heart­
felt thanks lor the regard and good will manifested in your
resolutions and through the portrait which you Ihave caused
o be painted and presented to me,

G A S CO M PA N IE S.
Brooklyn Gas-Light..........
Consolidated G as..............
Jersey C ity & Hoboken..
Metropolitan—B on ds.......
Mutual (X. Y .) .................
Bonds, 6a.........................
Nassau (Brooklyn)...........
S crip................................
Peopled (B ro o k ly n '.____

Bid. j Ask. i

G A S C O M P A N IE S.

{ Bid. A sk

T
111

l."3 1........ W illiam sburg.
155
13 ^ 1 3 1 ^
Bonds, 6a_
_
108
Metropoli tan (Brooklyn).
165
Municipal—Bonds, 7a.
145
.Fulton M un icip al............. ;155 j160
I Bonds, 6s...........................105
160
E quitable............................. 193 2"0'
I Bonds, 6 s .......................... 106
114

180
110
100
100

---

Auction Sales—Among other securities the following, net
regularly dealt in at the Board, were recently sold at
auction,
By Messrs. R., Y. Harnett & Co.:
S h a re s.
150 Chatham Nat. B a n k ....... 410
00 N assau B a n k .................... 17 7
10 Thurber-W liU’d Co. p r e f. 9 1
B o n d s.
$2,000 C ity o f C incinnati University 7s, 18 9 7................... l l O ^

.
B o n d s.
J $ 1,000 Louirv. W ater W orks
, 6 9 ,18 9 7, J & J . ...................... 106
i $2,000 B ’ klvn W a t e r w o r k s
I 6s. 1902, J & J .........................1223e
I $3,000 C ity o f N ew O rleans
| consol. 6s exten ded, 1 9 2 3 .. 103

By Messrs. Adrian H. Muller & Son :
S h ares.
S h a re s.
10 M adison Square B a n k ...159*2
50 Globe F ire In s C o ......... 73
10 Am erican H orse E x c li’ge,
5 72 L ew is & F ow ler vifg. C o. 190
L im ite d ............................ 15-16 100 E. W B liss & co . com .. .1441*
25 Columbus Chicago & Ind.
6 lu ip ’rs’ & T ’ders’ Nat. B k.64 0 3
-i
Cen tral B y . C o...........$85 lot. | 15 N ational P a rk B a n k ........ 3 17
15 S eattle & E aste rn Con­
1 4 B ’k of N ew Y o rk , N. B. A .2 3 2%
struction C o................. $52 50
50 Alub. M ineral L an d C o .. 86
366 G oodyear Shoe M achin­
10 2d A venu e RR. C o ........... 167hs
ery Co., $25 e a c h ...$62 p. eh. l O u Central Park N. & E . R iv ­
201 H arris B utton-H ole Co.,
ers R R . C o ........................153
$25 e a c h ..................... $3 p. sh.
2 J o u iu e a y A B urnham Co.
800 H orn S ilv e r M ining Co.,
com ..................................... 77
$25 e ach ................ $3 36 p. sh.
35 Continental T ru st C o _ 155 *3
_
100 In te rr a t. Goody. M achin­
50 Y e llo w P in e Co. com __ 50
ery Co., $25 e a ..$ 1 0 50 p. eh.
B o n d s.
143 Citizens’ E lec. Illu m in a t­
$1 / 00 Fu lton M unicipal Gas
in g Co. o f B ro o k lyn .......166
Co. 1 s t 6s, J & J ............ 1C7 .feint.
20 T row D irecto ry, P rin tin g
$20 00o Jack. Tam pa & K e y
& Bookbinding Co. pref. 81
W. B y. Cous.Cs, 19 i0 . Sept.,
100 S t ra cu se Cons. St. R y.C o. 13
18 9 J , coupons o n .................. 60
30 Coney Islan d Jock. Club. 110
$400 A ltoon a & Wopsonou.
35 42d St. & G rand S t F e r ­
RH. 6s. 190 1. Oct., 1892,
ry R R Co................ ........ 300*4
coupons o r ................ -............ $200
200 B lce ck e r St. & F u lto n
, $18,000 N. Y . R efrige ratin g
F e rry RR. C o.................. 29*2 | Const. Co. 1 s t os................$20 lo t

Ranking and fftnanciaL
S p e n c e r T r a sk & C o.,
1 0 W a ll S t ., N e w Y o r k .

BAN K ERS,
1 8 C o n g r e s s S t . , 15 o s t o a

A lb a id 7.
P r o v id e n c e .
Members of New York and Boston Stock Exchanges.

INVESTMENT SECURITIES.

SAM
UEL D DAVIS & CO.,
.
BANKERS A m ) D EA LERS

IN IN V E S T M E N T S E C U R IT IE S .

N O. 14 W A L L S T ., N E W I O R K .
S a m u e l D. D a v is ,
M em ber N. Y . S to ck E x ch a n ge .

C h a s . B. V a n N o s t r a n d .

LIBERTY NATIONAL BANK,
C e n t r a l B u ild in g , 1 4 3 L i b e r t y S t r e e t . N e w Y o r k .
C A P IT A L ,
$ 3 0 0 ,0 0 0
ACCOUNTS OF BANKS, BANKERS AND MERCHANTS SOLICITED.
HENRY C. TINKER President.
HENRY GRAVES, Vlce-Pre*lden ’
JAMES CHRISTIE. Cashier.
D IR E C T O R S .
HENRY C. TINKER,
B. F. C. YOUNG,
H. O. FAHNESTOCK,
HENRY GRAVES,
WM. RUNKLE.
HON. G. A. HOBAR’J ,
GEO. F. BAKER,
DUMONT CLARKE,'
J. A. GARLAND.
J. R. M AXW ELL.:
JNO. H. STARIN.

THE M
ERCANTILE NATIONAL BANK
O F .T H E C IT Y O F N E W Y O R K ,
N o . 1 9 1 B r o a d w a y -.
C a p ita l.
$ 1 ,0 0 0 ,0 0 0 | S u r p l u s Sc P r o f i t s , $ 1 ,0 3 0 , 0 0 0
WILLIAM P. ST. JOHN, President. | FREDERICK B. SCHENCK, Caaiiar.
JAMES V. LOTT, .Assistant Cashier.
ACCOUNTS

S O L IC IT E D .

TH E CHROJN10LR

J anuary 28, 1893. |

'jghe b a n k e r s '

<*)a2 jettc.

D IV ID E N D S .
N a m e o f C o m p a n y.

Cent.

itiiilr o a d fi.
Boston & M a in e ............................
C en tral Ohio p r o f.......... ...............
do
do com ..........................
G eorgia RR. & Bkg. Co. (quar.).
N . Y. Cliie. & St. L ouis 1 st p ie f.
P ittsb u rg & Lake E rie.................
R om e W atertow n & Ogd. (quar.)
Sand. Mans. < N ew ark co m .........
fc
D a n tes .
Lincoln N a tio n a l.............................
N ew Y o rk N ational E x c h a n g e ...
F ir e In s u r a n c e .
C itizen s’ ............................................
G e rm a n ia ..........................................
G lobe................. _.............................
K in g s County (B rooklyn )............
N ia g a ra ..............................................
P e te r Cooper.....................................
W estch ester.....................................
W illiam sburg City (B rooklyn )...
I t lis c e lla u e o u H ,
A m erican D istrict T e le g rap h —
A m erican Soda fo u n ta in 1st pfd.
do
do
do
2d p fd .
do
do
com. (annual).
B la c k w e ll’ s Durham T o b a cco __
N ew Central Coal o f M aryland
N ew E ng. Telep. « Tele. (quar.).
fe
P e n n sy lv a n ia Coal (qu ar.)...........
Trenton Potteries com ..................

P aya b le.

3
5

4
3

IFeb.
; Feb.

1 1 }
2%

16 to Jau. 31
to
2 to Mar. i
26 to Jau. 31

Feb.

3*2
5
3

6
5

10

On
On
On
0?i
On
Io n
j<
>vi
On

to — -

jFeb.

3
1
1*4
4
5

Jan.
FeO.
Feb.
Feb.
IFeb.

10

1 Jan.

1 ----

Feb.

t.o
to

to

to
to
to
to
to

2 i|F eb .
4 !—

20
6
15
1
10

Feb.
Feb.
Jan.
Fob.

1 4 to Feb. 20
—

t o ---------

—

t o ----4 to Feb. 6
1 to Feb. 1 5
24 to Feb. 1
2 to Feb. 9

W A L L S T R E E T , F R I D A Y , J A N . 2 7 , 1 S 9 3 - 5 P . M.

The Money Market and Financial Situation—While there

is apparently no lack of confidence in the financial markets,
the attitude at present is rather one of halting to wait for
further developments. Money is very easy in London, and
the Bank rate of discount has been reduced, but still gold con­
tinues to go from here to the Continent very freely and the
-exports this week are again large.
Among the railroads the strongest situation at the moment
■seems to bo with the anthracite coalei-s, and Natui-e has
stepped in to help these companies with cold weather while
legislatures and courts are driving at them with all kinds of
hostile demonstrations. It certainly appears as if the month
of January, considering the demand for and the price of coal,
was one of the best months these companies have ever had.
The position of the New York & New Eng., the Reading and
the N. Y. & New Haven railroads has been further compli­
cated by the reported acquisition of the N. Y. & Northern
road by Mr. Morgan. The latter road, having the only entx-ance to New York from the north except the N. Y. Central
lines, had already formed an opposition route to Boston in
connection with the New England road, when, if the report
is correct, Mr. Mox-gan, with his usual quickness, grasped the
situation and acquired this railroad property, which might
easily be taken over by the New York & New Haven, the
N. Y. Central or the Manhattan Elevated.
There is a good investment demand for bonds, and pi-ices
.are in most cases a little firmer. Regarding the gold mort­
gages of old-established railroads as strict real estate securities
on pi-operties of known earning capacity, they ought certainly
to be as safe against financial vicissitudes as anything else
•offered in the field of investments.
The open market rates for call loans during the week on
stock and bond collatex-als have ranged from 1 to 4 per cent,
the avex-age being 3 per cent. To-day rates on call were 1
to 2 per cent. Commei cial paper is quoted at 4% et 5% per cent.
The Bank of England weekly statement on Tnui-sday showed
an increase in bullion of £418,000, and the percentage of re; erve to liabilities was 47 T9 against 43TO last week ; the dis­
count rate was reduced from 3 to
per cent. The Bank of
France shows a decrease of 44,685,000 francs in gold and
an increase of 2.275.000 in silver.
The Sew York City Clearing-House banks in their state­
ment of Jan. 21 showed an increase in the reseiwe hel 1 of
$11,192,500 and a surplus over the required reserve of §22,529,<500, against §15,610,450 the previous week :
1892.
J a n . 23.

18 9 1.
J a n 2 1.

$
$
C a p it a l................ 60.422.700
S u rp lu s ................. 69,191.600
Loan s and d isc ’ts 447,074.100 Inc .7,199,000
C ir c u la tio n ..........
0.646,900 In o .
23,700
N et deposits......... 479,963,600 Iu .17,093,400
64.627.700 In o .4,679,800
L e g a l ten d ers__ 57,892,800 In o .6,512,700
R e se rv e h eld __ 142,520,500 In. 11,192,500
L e g a l r e se rv e __ 119,990,900 Ino .4,273,350

$
59,372,700
66,007,900
447,202,600
5,566,700
497.472.400
110.402.400
46,968,600
L5 7,371,000
124,36s,10U

$
6 T, 119,700
65,375,800
335,">57,200
3,562,600
405,471.300
90,162,000
35,295,600
L25,457,600
101,367,325

22,529,600 In c . 6,919,150

33,002.900

24,039,775

18G3.
J a n . 21.

S u rp lu s re se rv e .

D ijfe v e n 'sfro m
P rev. w eek.

J a n u a r y 27.

Foreign Exchange.—The rates for foreign bills have been
•quite firm, except that with the easier money in London de­
mand sterling is a trifle weaker than long bills. The bankers
have drawn some Continental bills against shipments of gold
-on Saturday. The total exports of gold this week amount to
$3,875,000, of which $3,100,000 goes to-morrow. Actual rates
of exchange are : Bankers’ sixty days sterling, 4 80$4 86%;
•demand, 4 87%@4 873-4; cables, 4 873446 4 88.
The following were tno rates of domestic exchange on New
York at thejunder-mentioned cities to-day: Savannah, buying

S ix ty D ays.

P.rlme b an k ers’ ste rlin g b ills on L o n d o n ..
PHme co m in e rcia * ...................
D ocum entary com m ercial................
S'aris bankers (fran cs)...........................
Am sterdam (guilders) b a n k e rs...................
fc ra n k fo rt or Brem en(relchm arkfO b’n kers

D em a n d ,

y

4
4 87
4 88S»®4 s:>
4 85**a>4 8 6
4 85 'a \ 85
5 17*«<»5 167 b r J*
40 < . ?z>10L
i
9 5:*
q
95^

United .States Bonds.—Quotations are as follows:

26 to Jan . 31
— t o ---------

dem. d em .1dcra.
dem. d e m .dun. d e m .dem.,-

11
4
3
4

% discount, selling par to % premium ; Charledon, buying,
h
par to ^1-16 premium; selling J;s premium
New Orh an.-,
hank. 50c. premium ; commercial,* 75c. St Louis, 25c per
$1,000 premium; Chicago, par.
Posted rates of leading bankers are as follows:

( D a y s in c lu siv e .)

M arch —
Jan. 31 Jan.
Jan. 15
March l Feb.
Jan. 3 1 Jan.

155

In te re s t J a n . ! J a n .
P erio d s 2 1 . I 23.
2 s , ........................ reg.
4s, 19 0 7 .... ...........reg.
4s, 1 9 0 7 ............ coup.
6 s, o u r’cy ,’ 9 5 __ re s .
63 , c a r'e y ,’ 96__ r e s .
6s, our’cy ,’9 7 ._ ..re g .
63 , eu r'ey,’ 98__ reg.
63 , e u r’cy ,’9 a __ reg.

Q.-Meh.
Q.-.Tan.
Q.-J a n .
j. < j.
&
j. & j .
j. & j .
J. 5? J.
J. & J.

*10 0

,* 1 0 0

Jan.
24.
*10 0

Jan.
25
* 10 0

113 Vj L13 8* *113 *3 *113*3
113*2 * 1 !3
1133i m
*105 *105 *105 * 105
*l07*a * 107*3 ■ 107^ *107*3
*110 *110 • n o
•n o
*112 *3 '112 * 3 *112*13 ‘ H 2 L ,
*115 1*115 *115
■ 115

•Tills is th e p rice bid a t th e m ornnig b e a r d : no ta le

Jan.
26.

Jan.
27.

*lO'> *inn
*1133*
*11334
*105 *105
*10 *3
*110 *110
*U2ha *112 h l
*115 * 1 1 5
n ade.

Government Purchases of Silver.—The following shows
the amount of silver purchased to date in January bv the
Government. The department having purchased the amount
of silver required by law for the month, no further offets will
be considered until Wednesday, February 1.
•

O unces
offered.

O unces
p u rc h a se d .

_
/Vice p a id .

3.898.000
J a n u a ry 2 3 ..‘ ...................... 1.244.000
1.307.000
“
2 7 ............................
t o :,o o o
*L ocal p u r.,2 w ’ ks to Jau . 21

2 ,7 1 1 ,000%0-8300 ® fO-S-145
650.000 $0-8450 * ---------773.000 $0-8420 ® $0 8425

•Total in m onth to d a t e __ 7,031,000

4 .3 11,8 18 $0-8300 ® $0-8150

160,8181.............

® .

The loeal purchases o f each w eek are n ot reported t ill Mon la y o f
the follow in g week.

Coins.- Following are current quotations in gold for coins
S o v ere lgn s............$ 4 83 ■ ® 90
$4
N ap o le o n s............ 3 85 ® 3 90
X X R e io h m a rk s. 4 70 » 4 80
25 P e s e ta s ............ 4 75 -» 4 85
Span. D o u b lo o n s.1 5 55 ® 15 75
M ex. D ou b loon s. 15 55 ® 15 75
F in e g o ld b a r s ... p a r
prem .

F in e s ilv e r b a r s .. — 84 ® — 84 tp
F iv e f ia - io s ........... — 9o » — 9b
M exican d o lla r s .. — Ob4 1 — 6 6 X
3
D o uncoinm ero’ l ------ a — —
P eru v ian so ls
— 60 © — 6 1
E n glish s liv e r
4 80 ® 4 90
U.8. t r a d e d o lla rs — 6 5 ® — —

State and Railroad Bonds.—Sales of State bonds at the
Board include $17,000 Tenn. settlem’t 3s at 75-75%; $10,000
Ala., Class A, at 101; $7,000 do., Class B, at 104%; $3,000 N. C.
4s at 98%; $1,000 La. consol. 4s at 98.
Railroad bonds have had a fair activity on a well distributed
business, with prices generally firmer. The two Northern Pa­
cific 5s—Chicago & Northern Pacific lsts and Northern Pacific
consols—have received attention, and advanced early in the
week on good buying, the first to 77% and the consols to 7234,
indicating more confidence in the Northern Pacific condition,
but they close somewhat lower at 76% and 70%. The Read­
ing pref. income bonds remain about steady, and the 5 per
cent interest to come off their prices next Wednesday will
make them look cheaper. The Gould Southwestern bonds
have continued strong, and of these the St. Louis Southwestern
1st 4s and income 2ds have been the most active. The Rich­
mond Terminal 5s have also been quite active at times in sym­
pathy with tiie stock, but without any new point of informa­
tion. The Atchison firsts and seconds' and many other bonds
have met with a fair demand, but call for no special comment
beyond their prices given on another page.
Railroad and Miscellaneous Stocks.—The total sales of
stocks at the Exchange have been large this week, but the
business runs considerably on specialties. Distilling & C. F.
has been a leader as usual, fluctuating widely without any
known facts about the company’s finances, declining on
Thursday as low as 46 and closing at 47%. The public seems
to be appreciating quite thoroughly now the truth of our fre­
quent remarks upon the uncertainty attending the dealings in
a stock of this sort. Chicago Gas, as a favorite of Chicago
operators, has also been active, closing lower at 92, influ­
enced a little perhaps by the unpleasant weakness of Distilling
& C. Feeding. Del. & Hudson has been higher on talk of some
sort of a traffic alliance with N. Y. & New Haven, but this
stock, as also Lackawanna and Reading, is helped I>y the strong
opening of the coal year owing to the cold weather. Man­
hattan Elevated1lias declined somewhat, partly for the reason
that it had been pushed too high and partly from the fact that
future projects are yet uncertain. N. Y. & Northern, under
the reports of a purchase by Mr. Morgan, remains steady.
Richmond Terminal jumped into activity to-day. advancing to
10% without known reason, and on a stock selling at 10 a rise
of 1 per cent is proportionate to 10 per cent on a stock selling
near par. General Electric has sold down 2 or 3 points,
possibly on the talk of an incandescent lamp used prior
to Edison’s, which might invalidate his patent, but this seems
remote. Western Union Telegraph sold up to 100% ou the
good buying by strong parties, and closes at 99 after some
selling to realize. National Cordage has listed its new issue
of $10,000,000 stock and closes at 111%. Sugar lias been very
active and closes not much below the top price at 128/j. Lead
has also been in demand, selling above D .
O

THE

156

CHRONICLE.

[V ol. L V I.

NEW YORK STOCK EXCHANGE—A C T I V E S T O C K S f o r w eek e n d in g J A N U A R Y 2 7 , a n d s in c e J A N . 1, 1 8 9 3 .
H IG H E S T A X D LO W E S T P R IC E S.
S a tu rd a j,
Jan . 21.

M onday,
Jan. 23.

Tu esd ay,
Jan. 24.

W ednesday,
Jan. 25.

T h u rsd ay,
Jan. 26.

F rid ay,
Jan. 27.

STOCKS.

Sales
o f th e
W eek.
Shares.

R an ge of sales in 1893.
Lowest.

A c tiv e R R , S to c k s .
35% 36*8 35% 36*8 35
35*2 35*8 35*2 A tchison Top. & S an ta F e ..„ . 2 9 ,112 33 Jan.
3 5 % 36%
*3%
4 A tla n tic & P a cific....................
300
*3%
*3%
4*4
4
4 Jan.
4
*3 %
*3%
4*4
4*4
4*4
97% 97% *97
7,360 93% Jan
98 B altim ore & O hio....................
97*4 9 7 %
97*4 9 7 7« 97% 97%
87%s 87 3r Canadian P a cific .......................
87
500 87 Jan.
87
87
88
87
*87*4 KH
*87*4 87% *87
4 57% 57% Canada S outhern.....................
5,428 55% Jan.
57% 58*2 57% 58*4 57% 58*2 57*2 5 7 ■'“
58*4 58*2
130% 13 1% Central o f N ew J e rs e y .............
3,350 122% Jan.
13 1% 130 130
13 1
13 2 132% 130% 1 3 1% 130*8 1 3 1
23% 23% Chesapeake & O., vot. tr. ce rt.
4,577 22% Jan.
23% 237e 23% 23%
23% 23%
23% 24%
24
24%
61% 61*4
62 3 62% *61
4
Do
do
1 s t p r e f—
*61
*61
61% Jan.
*61 .........
*41
*4.1
*41
Do
do
2d p r e f........
*42
41% Jan.
*41 .........
144 144*2 Chicago & A lt o n ..................... .
144 144*8
987 140 Jan.
144% 144% 144*2 144*2 144 144
1 4 4 14 4
102% 10a 5c 102% 103
101*2 102% 10 1% 102% 102% 103% Chicago Burlington & Q uincy. 47,878 96% Jan.
.102*3 10378
71% Chicago & E astern I llin o is.. . .
6,250 69 Jan.
72
71*4 71% *71
72*8 71*2 72%
71*8 71*2 7 1% 72
104% 104% 104 104%
Do
p ref.
5.283 99% Jan.
104 105
104 104
1 0 1 7e 104% 103 105
81*2 82% Chicago M ilw au kee & 8t. Paul. 172 ,918 7C*8 Jan.
82*4 8278 81% 827e 8 1* 8 82
82*4 83*2
82% 83%
125 125
125 125
Do
p ref.
3,031 122*4 Jan.
125 126
125% 125% 124% 125
12 5 125
&
7,324 I l l % Jan.
1 1 4 % 114 % 11434 1 1 4 % Chicago < N o rth w e s te rn .......
1 14 % 1 1 5
1 1 4 % 115*4 114% 115*4 1 1 4 % 1 1 5
Do
p re f.
246 142% Jan.
146% 146% 146% 146% 146 146
‘•145% 146% 146 146
146 14 7
873s «8 Ch ioago Ro ok Isl an d & Pacific. 3 1,17 0 82*4 Jan.
87% 88%
87*4 88% 87*4 88
88% 89%
88*8 89
5 1% 51% Chicago St. P a u l M inn. & Om. 11 ,3 5 7 47*8 Jan.
51
51%
52
5 1 % 507e 51%
5 1%
51*8
5 1 % 52
Do
p ref.
616 1 1 7 Jan.
118 % 118 % l l 8 7s 118% *119 119*2
1 1 9 % 119 % 1 19 % 1 1 9 % *119*2 120
4,185 57% Jan.
58% Cleve. Clncin. Chic. & St. L . ..
58% 60%
58% 5 9
58*8 58% *58
58% 58%
59*4 60
Do
p ref.
820 92 Jan.
96*2 96%
98*4 98*4 97% 97%
31% 31% Columbus H ooking Y a l. & Tol.
5 ,110 28% Jan.
30% 31%
30% 32
30% 3 1%
32
32
3 1% 31%
73%
72% 72*2 *72
*72
73*2 *72
Do
p ref.
7 1 Jan.
75
*72*2 73% *72% 73%
134% 135% 134% 135% 135 136*2 136 137% 136% 138% 13 7% 139 D elaw are & H u dson ................ 23,810 1 3 1 % Jan.
1 5 4 15 4 7e 153 154% 15 3 % 154*4 15 3 % 15 5 % 15 4 154% 153% 156% Delaw are L a ck aw an n a & West 36,354 148% Jan.
18
2,00o 16% Jan.
18 D enver & R io G r a n d e .............
*17 % 17%
18% 18*4 * 11% 18*8 17 % 18
18*4 1838
56% 57
5 5 78 56*4
9,500 52% Jan.
5 5 % 56*4
Do
pref.
55°a 56
56% 57
56*2 57%
5
*4 %
*4%
5
5 E ast T en n essee V a . & G a .......
400
*4%
5
5
3% Jan.
4%
4%
4*2
4*2
33
*27
33
*27
34
*27
Do
1 s t p ref.
*28
32% Jan.
*28
35
33
*25
35
*9% 10%
10%
11
Do
2d p ref.
*9
*9*2
11
*9*2
6 Jan.
*9
11
10*4 10%
145 146% *
400 14 5 Jan.
E va n sv ille & T erre H a u te __
148 *145
13 2% 132% G reat N o rth ern ,p re f................
13 2% Jan.
a 30 132 *130 132 *130 133 *130 i.33
*130*2 132
103 103% 10 2 7e 103*4 Illin ois C e n tra l.......................... 10 ,437 99 Jan.
103*4 103*2 103*2 103% 103 103%, 103 10 4
10
10% Iow a C e n tra l..............................
1,867
10% 10% *10% 1 1
8% Jan.
10% 1 0 %
10 78 1 1
10*4 10%
35% 35%
36
"34
350 29% Jan.
37
Do
p ref.
37
35*2 35% *34
35*2 3 5 *2 *36
24
24
24% 24%
24 L ake E rie & W e ste rn ..............
24
*24% 24%
638 22% Jan.
*24% 25
*24% 25
2.729 76 Jan.
80% 81
80% 807s
Do
p ref.
80% 81*« 80% 80%
80*2 80*2 80% 81
2,462 127% Jan
130% 130% L a k e Shore & M ich. Southern
13 1
13 1% 13 1 131*2 131*4 131*4 130 13 0 7r *130 13 1
1 1 4 114 % 1 1 5
115% Long Isla n d ...............................
2.955 105% Jan.
no
117*2 118*2 1 1 7 % 1 17 % *116 117*2 *113
75% 76 L ouisville & N ash v ille............ 39,215 7 1 % Jan.
74*2 75%
7 4 % 76
7 4 % 75 *2
7 4 % 76*8
76% 7 7 %
25% 25*2 *25
2,620 23% Jan.
25** Louisv. N ew A lb . < C hicago..
fe
25% 26
25% 26
25*2 26% 25% 25%
25% 2 5 78 25% 25% L ouisville St. Louis & T e x a s .
2,260 24% Jan.
25
25% 2 5 7e 247s 25%
25%
2 5 7r 26
1 6 1% 163% M anhattan E le v a te d ,c o n s o l.. 33,573 153 Jan.
158 163
165*2 168% 16 1
166
169*2 170*2 165% 170
1,300 104 Jan .
1C 6*s 106*2 106*2 106% 106*4 106*4 106 106 *105 105% 106 106 Michigan C en tral.......................
*17
18
*17
*17% 18*2 *17
18
18 M inneapolis & St. L o u is.........
1 7 % Jan.
18
18
18*4 *17
48
Do
p ref.
1,700 47 Jan.
50
*48
49
48
48%
48*2 48% 483r
487e 48 7s "48
1530 15 %
8.730 13% Jan.
15 % 16
15*4 15 % *15*4 16 Missouri K a n sas & T e x a s __
15%
15% 15 %
15 %
26 3 26%
4
600 25 Jan.
*27% 27%
27
Do
p ref.
*27% 28
28
27
27% 27*4 *27
21,470 55% Jan.
58
58
58% 59 vft 58*4 59%
58%
58*2 58% 58*2 Missouri P acific
5 9 % 60
*33
33
36
36
35
33 Mobile & O h io ..
*33
36
*33
35% 35% *34
35 Jan.
*87
*85
350 88 Jan.
*85
89
*86
89
88
88
88 N ash v . Chattanooga&St. Louis
*85
89
88
5,776 108*4 Jan.
110=8 111*8 New York C en tral & H udson.
110*2 110 % 110 % 1 1 1 % 110*2 11O 70 110 % 1 1 1 % 110*4 1 1 1
19
1,750 18% Jan.
1958 19
19%
19% 19% New Y ork Chie. & 8t. Louis ..
*19
19%i 19
19*2 *19
19
350 76% Jan.
*75
*75
77%
77
77
Do
ls t p r e f .
*77
78
77
78
78 | 78
77
550 35 Jan.
37% 37% *36% 38*2
Do
2d p ref.
38
38% *3 7 % 3 9
*37*s 38*2
38
38
26
25 7s 26%
25% 257e 26% 26*2 26% 26%
26*8 26% New Y o rk L a k e E rie & West’ll 36,445 23% Jan.
26%
57% 57%
57
*56% 57%
57
57
57
57
57*4 58
53 Jan.
Do
p ref.
57*4
473s 48% 46% 49%
47
46% 48
48 New Y o rk & N ew E n g la n d . .. 4 7 ,6 7 5 44% Jan.
47 % 49%
48*2 49
261 261
259 261
305 256 Jan.
259 260 *258 260 *258 260 New York N ew H av. & H art.
19
6,450 18 Jau.
fe
19% 19%
18 7e 19%
1 8 7e 19
19% New York O ntario < Western
19*8 19%
1 8 78 19%
19% 19% *19% 20 New York Susquehan. & West. 26,745 17*4 Jan.
20
2 1%
19% 20
19% 20%
19 % 20%
72
70
72
*69
5,420 68% Jan.
73%
69% 70
71
71
Do
p re f.
71
72*2 73
10
10
"9
240
9%
*9
9%
*9
9% Jan.
9*2
9*2
9*2
9*2 N orfolk & W estern ...................
9%
38% 38%
900 37 Jau.
38% 39
Do
p ref.
*38*2 39%
39*4 39%
39*4 39% 39% 39%
17% 18
1 7 % 17%
3,076 16 .»an.
17% 17%
18
18*4 18%) *17% 18% Northern P a c ific .......................
18%
43% 49%
49
48*2 49%
Do
p ref. 45,186 45% Jan.
50
48=e 49*2 48% 49%
4 9 *4 50
24
*24
21%
24% 24*4 24% 247e Ohio & M ississip p i...................
3,325 22 Jan.
24% *23*2 24
23% 24
4434 45%
46
*44
*44
47
48%
47% 49
2,280 43 Jan
47
48
47 Ohio Southern
84
*82
84
*82
83
*83
82
83
328 74% Jan.
84*2 82
85
85 Oregon R ’y & N avigation Co.
*22
23
2 2 78 2 2 7e *22% 23%
23
23*s *22% 24
2 1% Jan.
*22*2 23% Oregon 8h. L in e & U ta h North
18
3,200 16% Jan.
17% 18%
17% 17*4 *17
18
18%
18%
18
18
18 Peoria D ecatu r & E van sville.
52
52% 53%
52% 53*4 52% 53%
53% Ph iladelp hia & R e a d in g ......... 3 3 1 ,* 2 0 48% Jan.
5 L78 5 3 % 5 1% 53
2 1%
2 1% 2 1%
512 19 Jan.
*20
2 1% *20
21
20
20
*20
22 P ittsb u rg Cinn. Chic. < St. L .
fe
21
62
62
62
3 17 60=8 Jan.
*61
62
*61
62
*61% 62*2
Do
pref.
*61*2 62
62
10
9%
9
9%
9
7 Jan.
9%
9*2
93a 1 0 % Richm ond & W est P o in t T e r’l 6 1,310
9*4
9%
95*8
A
35
1,680 30 Jan.
38
86% 36%
36
35% 3 5 *2
Do
p ref.
35
39
*23
25 22 Jan.
25
22
Rio G rande W estern................
22
*61
63
62 Jan.
Do
p ref.
7%
7%
435
7%
7%
7 %
*7
*7
5% Jan.
*7
7*2
7*4
7*4
7*2 St. Louis S o u th w e ste rn .........
*14% 15%
14% 14%
14% 14% *14
600 12 Jan.
14% *14
14% *14
14%
Do
p ref.
820 4 1% Jan.
46
46%
47
*46% 4 7*2 *46% 4 7* 2 St. P a u l & D u lu th .....................
47
46*2 46*s 46% 47%
*106 108
106 108
69 106% Jan.
108 108 ,
106*2 106*2 *106 108 *106 108
__
Do
pref.
112
113
360 I l l
113
113*4 113*4 St. P a u l M inn. & M an ito b a...
Jan.
3 3 % 33%
1,860 33% Jan.
33%
33*2 33%, 33% 3378 33% 33 78 Southern P a cific C o ..................
33% 3 3 78
11
11
10 % T ex as & P a c ific .........................
1,046
9% Jan.
2,860 37% Jan.
*38
39
38
38% 38%
38
38*4 38%i 39 Toledo Ann A rb or & N. M ich.
38*4 3 7 78 39
*50
54
*50
54
*50
50 Jan.
*50
54
*50
54
54 iToledo < Ohio C en tral
fc
*50*4 54
83% *78% 83% *78% 83% *78% 83% *78% 83%
79 Jan.
*78%
79
79 I
Do
p ref.
: 4 1 % 41%
41
41%
42*8 41*4 42*4 4 1% 42% Union P a c ific ............................ 75,070 39 Jan.
17*8
1,800 16*4 Jan.
i 1 7 * 4 17%
fe
17*2 17*2
17
17%!
17*4
1 7 % 173a Union P a cific D en v er < G u lf.
12
12
1,7 10 1 1 Jan.
11*2 W apash...................
25% 25%
4,425 23% Jan.
26*8 25*2 25%
25*4 25%
25*8 2530 25% 25*a
Do
p ref.
22% 23
*2230
23
1,910, 20% Jan.
22% W heeling & L a k e E r ie .............
66
66%
65*2 65*2
1,2 71 62% Jan.
Do
p ref.
65*4 66 I
15% 15%
__ Wisconsin C en tral Oo.............
^ 1 4 J an.
15*2 15*2
| U in c e lla u e o u B S t o c k s .
46% 47%
13,565 42% Jan.
45% 46*2
46*4 46%
46
45% 46*4 45
45% 46 Am erican Cotton O il Co
83
83
83
83
2 .174 82 J-n .
83
83%
8 2 % 83
Do
pref.
82*2 82 *2 82*2 82*2
124% 126
123 7e 25*2 124% 1255b 122*2 125*2 121 125*8 126 129% Am. S u gar R ef. C o .......
478.707 1 1 1 % Jan.
Do
7,12 9 99% Jan.
10 4% 104*2 103*2 104% 103% 103% 102% 103*4 102% It 3
p re f.
103% 104%
4
*1 1 6 1 1 9
1 15 116 % 115*8 115% 1 1 3 1 '5 *4 1 14 3 1 17 % Am erican T obacco C o .
116*2 1 17
61,626 1 1 3 Jan.
007%, 109
107% 108
625 105% Jan.
Do
p ref.
108 lO** *2 108 106
108% 108*2
-4%
92% 94*2 92% v
1
93*8
91*8 .93*2
91*2 92% Cmoago G as Co., tru s t re c ’te. 99.929 85% Jan.
64
64
61*4 64
64
63
64
64
64
2.537 5 7 % J an.
64
64*4
64*2 Colorado F u el & Iron
141*2 14 4
38 141*2 135 139
134 !3 5% 132% 134% 133*2 >35 Consolidated G as C o................ 23,997 124% Jan.
55% 59
50*4 55%
4tf% 46*2 49% in stillin g & C attle F eed ’g C o . 561,10 4 46 Jan.
49% 52%
48
51 H 46
1 1 2 % H 3 % l 2*2 113
111
111*4
112 % 1 1 1 1 1 1 % 109%
G eneral E lectric C o ................ 18.083 109% Jan.
141*4 142% 140% 141% 140% 14 1
140% 143% 140*2 142*2 141*2 143 N ational Cordage C o .............. 23.9 78 135% J a u
116
118 %
16
18% 115 116
7,768 110% Jau.
x l ! 5 % 1 18
116 1 16 78 116*2 116%
Do
p ref.
50% 52%
49*4 507* 50
51*8
49% 50%
49
50%
50
50% N ational L ead C o..................... 56.849 44% Jan.
95% 95%
95*2 '55*
94% 95 ^
2,951 9z% Jau.
95
95
9 4 % 95%
Do
p ref.
94% 94%
2,310 10 Jan.
11% 11%.
11*4 n %
North A m erican C o ..................
11% 11*2
*18
19 % J -n.
22
22
Oregon Im provem ent C o .......
*18*2 22
*18
*18
*18
27
*7
27
27
27
27
2,440 26 Jan.
27
27%
27*4
27
26% 26% Pacific M a il...............................
52% Jan.
53*2 53%
Pi *>e Line Certificates § ....... ...
53
53
52 ‘v 53
199 200
199 199
199 199
47 a 196% Jan.
198
198
•148 2 0 0
199*2 19**2 P ail in an Palace Car C o ...........
*84
84%
*33% 84*2 84% 84 *
0 84
84%
84% f 4*8 siiv«r Bullion C e r tific a te s .... 87,000 83 Jau.
36% 37%
35
36 % 35*4 35%
12,950 33 % Jan.
34=8 3 5 % 34% 3 5
81 35*4 Te'inessee Coal & I r o n ....... .
Do
p ref.
30 97% Jan.
3.097 42% Jan.
43*2 43*2 43% 43%
*43% 44%
43*2 44
43
43%
*3*2 ‘ *45% U nited S tate s R u b b er C o .......
100 100%
99 1O0 u
99% 100
98% 9<78 98% 99
98% 99% Wesir-rn un ion im e g ra p h — . 49,508 94% Jau.

36ie 36*2
96*4 97*2

120

100

100
100

200
21

1,200

200

112
*111*2 112*2 1133s 1133s 112 112
335s
4
10% 11 10% 103 1030 10% 10*2 10*2 10%

22

4138
415s
12 *11% 12*8 11*2
22*8 2238
66 66 66

10

17*2
11% 11*2 11*2 *11
22% 21 % 223s *2 L
66 653Q 66

220

9

112*2

11%
1158 1% 11*2 22
* 8*2 22

111%

*11% 11%
22

10,000

*< 84*2
4*2

100 100

' These are th e prices bid and asked; no sale m ade.

33

§ Prices from both E xon aag es

x E x d ivid en d .

H ighest.
36% Jan . 1 6
4% Jan . 3
5
5 97% Jan. 24
24 90% Jan. 16
5 58% Jan. 16
5 132% Jau . 21
3 24% Jan. 20
13 62% Jan. 23
43 Jan. 18
145 Jan. 20
103% Jan. 2 1
72*4 Jan . 25
6 105 Jan. 23
5 83% Jan. 23
6 12 6 JaD. 23
5 115*4 Jan. 2 1
6 146 Jan. 20
5| 39% Jan . 23
3i 52 Jan . 21
4 1 1 9 % Jan. 21
6, 60% Jan. 23
13 98*4 Jan. 21
3 32% Jan. 19
9 73% Jan. 1 7
6 1*9 Jan. 27
7 15«%> Jan. 27
5 18% Jan. 2 1
57*4 Jau. 23
5 Jan. 27
4
u 33 Jan. 19
4' 10% Jan. 20
24 15 2 Jan. 12
27 13 5 Jan. 3
5 104 Jan. 25
1 1 , 1 1 Jau. 25
»i 37 Jan. 16
3 25% Jan. 1 4
3 82 Jan. 18
3 132 Jan. 17
3 1 * 8% Jan. 21
5 77% Jan . 21
5 27 Jan. 14
5 27% (an. 16
5 174% Jan. 1 3
10 106% Jan. 23
3 19*4 Jan. 14
3 49 Jau. 16
4 16 Jan. 25
5 28% Jan. 16
5 60 Jan. 21
1 4 35% Jan. 5
88 .Ian. 4
11 1 1 1 % Jan . 25
9 2 0 Jan. 1 7
1 4 78 Jan. 23
5 38% Jan. 1 7
5 26% Jan. 25
9 58 Jan . 24
4 52% Jan . 1 7
9 262% Jan. 18
3 1 9 * Jan. 20
10 2 1% Jan. 23
13; 733p Jan. 23
10, 9% Jan . 10
9 39% Jan. 23
3 18% Jau. 26
5 50 Jan . 2 1
5 24% Jan. 27
18 49 Jan. 25
3 84% Jan. 23
3 25 Jan. 16
18% Jan. 21
10 5334 Jan. 25
3 2 1 * 2 Jan. 24
3 62 Jan. 24
4 1<>% Jau. 20
7 39 Jan. 27
25 22 Jan. 25
4 62 Jan. 4
7% Jan. 18
4
4 15 Jan. 18
I I 4 7% Jan . 18
18 10634 JaD. 18
14 1 1 2 % Jan . 1 1
25 35*4 Jan. 16
4 11 Jan . 1 9
4 39% Jan. 7
1 7 50 Jan. 1 7
27 85 Jan. 7
3 42% Ja n . 27
3 18% Jan . 16
6 12 Jan. 2 1
5 26% Jan . 23
9 23% Jan. 1 7
4 67% Jan. 1 7
III 15 % Jan. 23

11
11
6
10

6
20

Jan.
Jau.
Jan.
Jan .
Jan .
Jan .
Jan .
Jan .
144 Jan .
J«n.
114% Jan .
1 43 % Ian .
Jan .
52% Jan.
96 Jan.
Jan.
i e 1 9 % Jan.
9j 27% J a n .
18 54 Jan .
5 199% Jan .
84% Jan .
37% Jan.
Jan .
46 Jan.
5 C 0 1 Jan.

5 f 47%
4 1 83*4
3 129%
3; 104%
26 121
9 110%
5; 94%

6.%
66%

1*8%

11%

101

20
10
27
19
3
3
21
27
20
3

16
19

20'
2i
20
2i
16
3
4
17

18
12.
12
3
2p

THE CHRONICLE.

J anuary 28, 1893.]
NEW

YORK STO CK EX CH A N G E
J a n . 27.

I n a c t iv e S t o c k s .
U Indicates unlisted.

Bid.

R a i l r o a d S to c k s .
10 0

Boston & N. Y. Air

P referre d .

P referred .
G r. B ay Win. & St. P. tr. reo.
Illin ois Central leased lines.
K a n aw h a & M ichigan ...........
P referred .

P itts. P t. W ayne & Chicago.
Rom e W at. & O gdensburgh.

100
100
100
100
100
100
100
100
50
100
100
100
100
100
^ 00
100
100
100
100
100
1 00
100

137
10 2 b
38b
37
86 k
GO

163

L o w est.
15 6

Jan.

10 L

Jan.
35 Jan.
36 Jan.
85*2 Jan.

40
40
88

163

Jan.

10 2 Lj Jan.
4 1% Jan.
37 Jan.
8 6 ^ Jan.
293; Jan.
1 5 7 % Jan.

5
13 ls
27
6

7 7 12 Jan.
9
13% 1 3 1* Jan.
29 Ls 27-*s Jan.
8
5 ^ Jan.

7 7 b Jan.

14

15

1 3 1* Jan.

14*2 Jan.

14

19
49

Jan.

49

Jan.

1 1 2 b Jan.
26 Jan.

114
38

Jau.
Jan.

20

t 13
30

95

108

; 34
60
i 9%
155

9 % J an.
14>4 Jan.
32 Jan.

1434 Jan.
297q Jan.
6% Jan.

ii2
5
35

63

7 Jail.
9% Jan.
1548i Tail. 1 5 5 Jan.

17 4 17 7
11123* —

173
I ll

I n a c t iv e Stoc ks .
T In d ica tes unlisted.
I

H ighest.

2 i) b 287e Jau.
15 5 Jan.
....
10
881 Jan.
30
13&s I l 4 Jau.
31
29 Jan.

29
15 7
____
9

10 0

100
100
100
50
50
100
50
100
100
100
100
100
50
100
.100

P R I C E S ( C o n t i n u e d ) — U V 'A C IY K .fl' S T O C K S .
| R a n g e (sa les) i n 1893.

Ask.

167

Jan. 176 Jan.
Jan. 1 1 2 % Jan.

( \ I n d ic a te s a c tu a l s a le s J
J a n . 27.
Bid.

R a n g e (sales) m 1892.

A sk.

Lowest.

1 0 0 1; 3 5

100 150
100
24
iToledo St. L. & K an sas C ity 11.
14
100
T illM c e lla n e o n * s t o c k * .
100 U»3
Am erican Bank Note Co U.
51
100 i n s ' s
100 : 9 1 ,
100
7b
♦
100 l .........
100
100 . . . . .
100 t 24H)
i 00 105
100 : 2 2
100 170
100
28
100 J124H.
100
66
100 1 24>.
100 1 74
24
Lehigh < W ilkesbarre Coal T .
fc
l
M aryland • o a l............................ 100 25
100 1 G8
100 : 3 9
N ation al Starch Mfg. Co.
100 } 28b
N ew C en tral Coal..............
100
11
100 : 1 5
50 280
100
Postal T elegrap h — Cable IT.
8 I 1*
100
3is
100
17
100
100 J 67
U. S. E x p ress.
100 J 95
100 J149*a

H ighest

35

Jan.

35

Jan*

14

Jan.

17

Jan.

159 1621* j an.
55
lliD fl 1 1 7 Jan.
86 Jan.
88)
10 1 Jan.
90*« Jan.
........... 109
Jan.
18 i* Jan.
109 108 Jan,
243e 1 8 70 Jan.
185
30
30 J an.
125*4 114*3 Jan.
68
60 Jail.
24% 231s Jan,
7 1 Jan.
28
25 Jan.
28
23 Jan.
68 J an.
38 Jan .
29
27% Jan.
12
10% Jan.
14 Jan.

159

Jam

28
15

119 % Jan.
9 1 Jan.
108
93%
109
24%
I l l '*
29%

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.

3 1 Jan.
125% Jan.
7 1 Jan.
26 Jau .
74 Jan.
25 Jan.
2 "% Jan.
69*3 Jan.
4 1 Jan.
3 4 ^ Jan.
1 1 % Jan.
15% Jan.

....

82*s
4
19
68
—

17

Jan.
18*3 Jan.
13 Jan.
5 7 i* Jan.
68 Jan.
94% Jan.
99 Jan.
H O Jan. 149% Jan.

* No price F r id a y ; la test price th is w eek.

NEW YORK STOCK EXCHANGE PRICES .— S T A T E B O N D S J A N U A R Y 2 7 .
S E C U R IT IE S .

Bid.

A lab am a— Class A , 4 to 5 ........ 1906
Class B , 5 s ...............................Iw06
C lass C, 4 s................................ 1906
Currency fun ding 4 s............. 1920
A rkansas— 6s, fund,H oi. 1899-1900
do. Non-H olford
7s, A rk a n sas C en tral K R ............
Louisiana'— 7s, co n s.................. 1 9 1 4 108
Stam ped 4 s......................................
97
M issouri— F u nd ............... 1894-1895

Ask.

Sp ecial ta x , Class I .......................
Consolidated 4 s..................... 19 10
6 s ............................................... 1919
Rhode Island— 6s, c o u ..1893-1894
South Carolina— 6s, non-fund.1888

New York City Bank Statem ent for the week ending Jan.
21, 1892, is as follows. W e o m it tw o c ip h e r s i00) i n a l l c a se s .
BANKS.
(00a omitted.)
Bank of New Y o rk.
Manhattan Co........
Merchants’ ..............
Mechanics’..............
America...................
Phenix.....................
C ity..........................
Tradesmen’s...........
Chemical... .........
Merchants’ ’^ xch’ge
G allatin N»i nal...
Butchers’tfe Drov’rs’
Mechanics’ Trad’s
Greenwich
......
Leather waunfac’rs
Seventh Na ional...
State of New York
American Exch’ge.
Commerce..............
Broadway................
M ercantile...............
Pacific................ ...
R epublic.................
Chatham ..............
People’s..................
N o rth A m e ric a ....
Hanover..................
Irv in g .....................
Citizens’.................
Nassau.....................
M arket & F u lto u ...
St. Nicholas........
Shoe & Leather..
Corn E xchange..
Continental.........
O riental......... ...
Im porters’ < Trad’s
fc
P ark.........................
East R iv e r __
Fourth N a tio n a l,...
Central N atioual__
Second N ational_
_
N in th N ati-m al......
F irs t Natioua
T h ird N ational........
N .Y . N a t Exchange
Bowery....................
New York C ounty..
German-Am.-riciin. .
Chase N ational.......
F ifth Avenue..........
German Exchange..
Germania
........
U nited 8. a es. __
Lincoln.................... i
Garfield
..............
F ifth National
Rank of the Metrop
West Side. ...........
Seaboard
S ixth N ational........
Western Nai iona l..
F irs t Nat., B r’k ly n .
Southern National..

C a p ita l S u r p lu s
2,* 00,o
2,060,0
v,000,0
2 ,u 0n,o
3.000.
1.000.
l,«'00,i.
760.0
300.0
6 0,0
<
1,000,0
300.0
400.0
20 ,0
BO0.0
30",0
1,200,0
5.000.
6.000.
1,000,0
1,000,0
422,7
l,50 i', »
•
4 50,0
20.,0
700.0
1,000,0
50-,0
600,:»
500.0
760, o
50C.0
500.0
1.000.
Loot »,0
300.0
1,500,0
2,0u0,250.0
3,2d0,o
2.000.
3-iO,
750.0
50t',0
1,000,0
3<:0,0
25<',0
200.0
760,U
500.0
100.0
20 ,o
200,0
500,t
300,t
200,i
200,0
3 0.
2oo
6oi\
2 0
2,100
300
i,o«i»

$
2.008.3
1.741.7
1.016,1
2.017.8
0
2.214.2
455.4
0
2.619.0
200,8
7.114.4
172.5
1.554.2
313.1
444.3
160,0
567.8
87,9
500.0
0
2,106,6
3.578.6
0
1.622.4
1.064.7
456.8
905.0
889.4
326.6
618.3
1.851.4
345.2
463.3
272.0
8U,8
142.1
265.8
1
1.297.7
255.8
430.3
5,6b0,4
2.966.0
146.2
1.890.2
576.2
0
477,
206.3
6.830.4
108,2
168.7
527.7
554.0
209.4
1.119.9
916.3
601.5
t39,4
5U6,4
401.5
47 >,2
301.5

739.7
2 3,.
219,'
352.1
283,(
8^6,t
159,$

L o a n s.

Bid.

SE C U R IT IE S.
N ew Y o rk — 6s, loan ..................1893
N orth Carolina— 6s, o l d ...........J& J
F u nd in g a c t ............................1900
N ew bonda, J & J .........1892 1898

101

Specie.

$
11.140.0
11.561.0
7.307.8
8.046.0
17.280.0
4.770.0
13.551.3
2.746.3
23.873.0
3.790.0
5.141.6
1,85 ,4
2.815.0
1.211.1
3.613.9
1.655.3
3.481.1
17.173.0
18.285.3
5.834.9
7.929.6
3.162.5
10,657,5
6,47",3
2.283.7
5.510.4
15,166,7
2,861,0
3.099.3
2,74 ,o
4.113.8
2,34-,
2.77,-0 ,
4.593.6

Legals. D eposits.

2,2.0,0 1.500.0
3,e30,o 3.372.0
1,37 t,4 1,48 ,1
1.329.0 1.440.0
3.452.2 2,644,1’
781 "
68S<‘
5.519.7 1,9 41.0
357.7
445.3
4,730, i 2.836.5
483.7
691.0
6o ,0
831.3
361.7
311.3
•^lO.o
4 40,0
209,
1 6 1,6
56, 377.7
267.0
23*, i
41^,1
V33,2
058.0 2,528,"
2.334.9 2, 17.3
1,204, 434,
1.310.9 1.2 65,3
334,b
666.1
2.09 2 1.244.1
1,0^1,7
8.*8,^4',4
46 ,4
457.2
785.8
3,95*,
1.376.2
364.3
3-6,o
232,
601.3
200,5
666.8
48 ,5
6-1,3
176.3
44 ,5
48,0
6.-i,0
6b 2,0
547.0
1,0*4,7
1.02 ,4 443,
400.4
17 •,
23,813,- 5,243," 1,248,«»
2 ,321,4 5.3 4.7 3.669.0
1,2. 6,0
44,4
23 ,5
20,21 ,6 4.454.7 1.826.0
7.859., 1.041.0 1 .3 :,o
5.,
47,0 878,>»
753.0
3,5^0^
7-7,4
428.9
23,7t'9,>* 3.5 H , 5 2.453.5
O
4, 70,4 1,. 45,0
409.4
1.560.3
233.5
•-'7,7
3.043.0
662.0
2*8.0
3.003.0
136.0
7 0,"
333.4
299,
11.814.0 3.4 4,8
6 5,
5.815.4 1,12 ,8
457.0
2,90a,0
2 0,3
60 ,
2, *88,0
400.5
361.0
1,37 4,8
b ,8 o :,' L .8 3 ,
6.1
6 .,5 9 .,
473.9
4,07 / '
9 5 i.
5 0,0
28 ,3.1.4
1.8- 9,
8-4,3
4,826,
82 ,8
2->7,*
2,:U7,0
4 .3,0
4,427 j
44 ,0
745,.
1,711,<
228.0
191
,«
10,1 8.
890,..
2,6*1,4,781,
1 1 15,0
4 0,"
2,544.
40 ,4
20

2.000, U

2,d66,>
*

T o tal.................. 60,422,7 69,191,6 447,074.118- 62

11,200,0
15.998.0
8.274.9
7.424.0
19.518.0
5,22t>,0
17,860,8
3,103,7
24,17 J,7
4,
4.477.6
2.172.6
2.950.0
1,24«»,5
3.291.4
1.931.4
2.719.5
14.012.0
14,178,7
5.535.7
8.593.0
3.715.6
1*,166,7
6, 80.0
.*,3 L8,0
5,337, *
17,111,4
2,8* 5,0
3.544.4
3.299.6
4.377.4
2,672,*
3.503.0
6.980.4
5.404.0

"30 ’
10
15
1
3
98
120
2%

S E C U R IT IE S.

B id .

Ask

S.C. (cont.)— B row n consol.6e.1893
95
Tennessee -6s, o ld .........1892-1898
62
Compromise, 3-4-5-6s............1912
72
N ew settlem en t, 6 s ...............19 13 100
5 s ................................................ 19 13
3 s................................................ 1913
75
7S
V irgin ia — 6s, o l d ..............................
6s, consolidated bonds..................
6s, consolidated, 2d series, recte.
6s, deferred t*st reo’ts. stam p ed .
6*3
7

New York City, Boston and P hiladelphia B an k s:
Ba n k s.

Capital
Surplus.

Loans.

Specie.

Legals. Deposits, t Circ’l’n

N. Y 'l r k . '
S
$
$
$
$
$
$
Dec. 2 ; .. 129.314.3 438, 80,9 76.885.3 40,343,3 444,3’ 0,1 5.632.0 846.471.1
• 3 1.. 129.614.3 437.722.0 75.968.3 42,018,6 444.589.4 5.555.6 615.072.2
129.614.3 441,283,7 76.626.6 46.157.8 455,367,* 5.585.0 775.948.0
Jan. 7 __
" *4--- 12P,614,9 139.875.1 79,947,9 51,380,. 462,670,2 5,623,2 -03.081,7
074.1
“ 21 . 129.614.3 4 4 ..
84.627.7 57.892.8 479.963.6 5.640.9 800.479.1
B o s to n .*
Jan. 7 __ 64.642.9 158,133,9 10,258,1 6.049.7 1 49,«24,7 5.203.6 118.253.3
" 14 ..., 64.642.9 : 39,306,4 10.451.8 6.228.8 149.762.7 5.162.9 112,677,9
" 2 1 .... 64.642.9 161.206.. 10,810,6 6,236,8 151.750.4 5.129.6 113,102.8
Pb la .*
Jan. 7 __ 35.793.7 103.074.0
27,4 72,0
103.866.0 3.590.0 89,988,1
*-*22,8.... 35.793.7 1(13, 70,0
* 14
27,3 37,0
102.574.0 3.612.0 77.715,3
" 21...
35.793.7 102.737.0
28,1 B9,0
102.607.0 3.618.0 82.733,6
* W omit two ciphers in all these figures. t Including, fo r Boston and Phlla
e
delphla, the item *• due to other banks.”

M iscellaneous aud Unlisted Bonds.—Stock Ex. prices.

M is c e lla n e o u s B onds.
M is c e lla n e o u s B o n d i.
Amer. W ater W orks -1 s t 6s.
People’s Gas & C. 1 1st g. 6s. 105
Co. Chicago . . . 5 ’-d g. 6s. 105
1st con-. 5-, g .....................
Oahaba Coal Min.—1st g. 7 s..
Peoria W ater Co.—6s, g ...... 100 b.
»7 b>
Ch, Juu.& S. Yds. C o lt.g ,5 s 97 b. Pleas. Valley Coal—1st g. 6s.
Colorado Fuel—Gen. 6s.........
P rocter < Gamble—1st g. 6s 108 b.
fe
Col. & Hock. Co .1 & L. -6-*, g Too* "b. W estern Union Teleg.—7s.. 112 tab*
Consol’n C -al—Convert. 6s... *lu 2 b. W heel.L.E & P Coal lstg-Oa
U ult-» ied B onds*
Cons.was Co .Chic.—1st gu.5s »97eo.
Den v. C. Wat. W ks.—Ueu.g.5s
Ala. <ft V icks.—Consol, oa, g. 90 b.
Edis-.n Elec. 111. Co.—1st os . 119 b.
Vicks. & M e rid .ls t 6 s ...... 100 b.
E quitable G. « F.—1st 6s__ 10! b. A tla n ta & Chari.—1 s t7s__ 115 b.
fc
12 b.
Hendersou B ridge— g. 6s. 110 b. Comstock T unnel—Ino. 4s..
1st
Hoboken Land & Im n .-g . os 105 %a. Georgia Pacific—1st 03 g .... 100%b.
Mich.-Penin. Car 1st 5s, g __ 101 b
2d mort- incom e.................
49%l>.
Consol. 5s, g .......................
M utual Uuion Teleg.—6s. g .. *113 b.
10%b.
National StaTC i M fg.— 1st6s. 104 b.
Income 5s............................
90 b
N orthwestern T legraph—7s. 108 b. Mem. A Charles ton—Con. 7 g
v,:n.o
Note .—" b ” indicates price b id ; " a ” price asked. * Latest price th is week
24.215.0
20,938,2
1.210.6
Bank Stock List.—Latest prices of bank stocks this week*
21, 41,8
Bid. A sk
8,88 •,0
B id .] Ask.| B A N K S .
BANKS.
BANKS.
Bid. Ask.i
6,48*,o
4.466.0 A m erica...... 216
N .Y . Co’n ty 630
G allatin........ 310 315
2*,351,0 Am. E xch... 157 160
N.Y. Vat.kLv 130
400
125 126*a
5.193.3
318 330
German A m . 125
1.473.4 Broadway ... 256 265
German E x .. 350 400 1 19th W ard.. 175
N. America. 105
3.4
6,0 utclin’& D r. 184 190
B
Germania — 330
.....
3.607.0
Oriental — 230
Greenwich .. 150
145
P acific........ 190
2.682.9 Chase........... 450
Hanover----- 335 350
315 325
13.80*,0 Chatham__ 410 425 ' H u i. River.. 156
320
People's —
6,391, * Chem ical__ *400 4800 Ira. & Trad’ s’ 6"0
P henix------ 125 ... *a
160 ISO
3.537.5 C ity .........
430 480
I r v in g .
3 5*0,4
Leather M fs’ 230 245 1 Jreduce Ex. 132 135
165
Republic— 172 180
8.712.7 Columbia
275
Line-fin ...... 420
,Seaboard... 173
Manhattan .. 193
5.7
12,5
Commerce.. 199 200
Second ...... 325
5, -2o,l
Market & Ful 230
130
•25 . . . . . .
2.113.2
Mehacuios’ .. 134 190 |Seventh
Shoe A Le’ fch 155 160
5.966.9 Deposit........ 114 118
M’chs’ A TrV 180
. ...
St. Nicho as. 130
2.5
>5,0
150 160 1 Mercantile .. 220 230
| Merchants’ .. 151 151 ^ S outh ern... 110*9
9
^ 888,0 1 i th W ard... 20»»
Staieof n .Y. 114 1 e
O
1.586.0 F ifth A ve.... 2000 ...... Merch’ts Ex. 130 140
T * .ird ......... lo7
1M etropolis.. 400
1 1, > 6,5
’*
500 Tradesm’n’ s 110 112
M t M orris..
5.2
9,0
2500
Uu’d State - 210 225
M urray H ill 200
F i st N., S. I . 10
Western .. 114 U 7 3
!
i *aH8.iu......... 175 180
175
West Side.. 230 250
67.892 8 479 3 6 Fourth. ... 204 205 [iNew Y o rk ... ...... 234

[V ol. L T I.

TH E CHRONICLE.

158

BOSTON, P H IL A D E L P H IA AND t(.4L.ri XlMtE STOCK EXCHANGES.
S h a re P r ic e * — n o t P e r C e n ltim

Active Stocks.
tf In d ica tes unlisted

M onday,
Jan . 23.

S atu rd ay,
Jan . 2 1.

T u e sd ay,
Jan . 24.

SaleB

P r ic e * .

Th u rsd ay,
Ja n . 26.

W ednesday,
Jan . 25.

F rid ay,
Jan. 27.

35%
35
35%
35% 36%* 35
35=8 36%
3 5 78 36%
A:«5h. T. & B. Fe (B o sto n ) . 3 00 * 36% 36%
4%
*4
*4
4%
*4
4%
44.
A oiantio & P a c .
“
100
97
97
97
9 7 V 97 V
y*i5e 96%
97
B ultimo re A Ohio ( B a lt.) . 100
*133
no
1 st preferred
“
100
‘ 121
*120
2d preferred
“
100
294s
28% 28V
284, 23>o 29% 28%
2838 28% 29
287s
28%
B a ltim o re T ra c’n .fP /u fJ
214 214
213 213% 21 3H) 21349 213 213% 213% 2 14
B>eton«X A lban y i Host o n ) . 100 213 213
*1 0*2
*192 193
‘ ........ 193
B iston A L o w ell
“
100
178
1 7 5 175 %
170% 171»s 1 7 1
170 171% 1703, 1 7 1
170 170
B jston A M aine
“
100
20% 21%
21*4
21
21%
21
20% 20%
20%
20
19 7e 20
C e n tra l o f Masp.
**
100
52
55 ki 54% 56%
57
524; 5 2
56
52
52 ' 52
52
P referred
“
100
1 0 2 % 10 3
10 1% 10- % 102 102% 102% 103%
Ch lo.B u r.A Quin.
“
100 10*2 10 3V 103 143%
81*s 82
82% 83 * 82% 833s 824, 827e 81*2 827a 81*4 82
Cfflo. M il. A 8t. P . ( P h il.) . 100
50
*.......
52
52
Calo. A W. M ich. (B o s to n ).1 0 0
5%
5%
6
6
*5
5*3
5*4
6 *
6
C la v e . A Canton
“
100
17
17
17% 17% *17
* 17 % 17%
*17% 18
19
Preferred ---“
100 *17
92
92
92
92
9 % 92
92
92
93
93
92
92
F itch b u rg p ref.
**
100
39
39
*38 V 39
38
387* *3S% 29
38
38
H ant. A B r. Top. (P h ila ) . 50
55
55
*54*3 55
54% 54V '5 4 % .........
51% 54%
P referred
“
50
G0% 61*s
6 l% 62
60
6158 5 9 7a 014,
53% 59
59% 60
L eh igh V a lle y
“
50
*
......... ......... . . . . . .
126
......
129%
M iln e Central (B o s to n ).1 0 0
144 145
145% 14 7
147 149%
143 144
M etropolitan TracyP/ifZ;....... 140% 14 1% 140 142
12 3 I2-t»
4
3 234 12V
12V
13 * ...
13
13
13
13
13
M exican C en t’ ( . B o sto n ). 100
48
47% 47*8
47
47 78 4 9 4
473s 48
46% 49%
48% 49
N Y . A N. E ng.
“
100
99
100 100
99
98 V 983,
P referred ---“
100 100 10 0 7g ICO 100% *99 100
6 1% 69*2 69% 69%
69% 69*2 69% 69%
70% 70%
N orthern C e n tr a l ( B a lt.) . 50 *69%
133.
IS
18
17% 18
1 7 78 17 'a
IS *4
18%
17% 18%
1 7 78
N orthern P a cific ( P h ila ,) . 100
4S5a 49*4 48% 49%
48% 49%
48>s 49%
49% 50
50
49
P referred
“
100
195 1 * 5
194 % 19 5
19 4 V 196%
194 19 5 4 4 195 195
O ld C o lo n y .... (B o s to n ). 100 193% 194
55%
55%
55
55%
55
55% 55%
55
55
55%
P e n n sy lv a n ia .. ( P h ila .) . 50 54% 55%
343a 34% *337s 3430 3 4
34%
34
34
34
*32^ 33%
34
50
P a ila d e l. A E rie.
“
26% 2G%
26% 26% 251&1P 2r>78 25ioifl 26% 281ltl 2r>316
26 it. 265*
50
P h ila . A B ead in g
“
141
135% 13 1% 134% 1 * 6
140 14 1
131
129% 137%
P h iladelp hia Trac. “
---- 1 2 7 128
*6
7
*6
7
6
7
6
*6
*6
7
*6
7
8 ainm it B ran ch (B o s to n ). 50
41% 42
41% 42*a
4 1% 4 1V
4 L78 42%
4 1% 41%
41
41%
Union Pacitic
“
100
*230 ....... *230
*230
*230
*230
TJaiTedCos.ofN.J.fP/ti/a J100 *230
* 7 15
7*s
7 %
7%
7%
7*2
7*2
7%
7%
s
7 %
W esternN. Y . A P a (P h ila . >-100
*7 %
aie" u s M o c h b ,
12 5
1 26 3 129%
4
A m .S ug’rRelin.fifitostoN-J....... 12 5 % 125% 1 2 3 78 1251s 1243a 125*2 122 V 125% 1 2 1
103% 103% 103 103% 103 103
103 V 104%
104 104% 103% 104
P referre d .........
210 210 4, 210 2 1 0% 210% 2 12
209 210
100 2 0 210% 209% 210
B e ll T e le p h o n e ..
33% 33% *33% 34
33% 33%
3334 34
34
34
25 *3334 34
Boat. & M ontana
11% *1034 ] 1 4 *10 34 11%
2
114j
U >, i i m *11
25
B a tt e & B o sto n ..
11*4 11% * 1 1
3 12 312
310 3 12
309 310
312 312
3L2 315
25 310 320
C ilu m e t A H e c la
*
•......... 73*2
72%
*72
73
75
Canton C o........... (B a ll.).lG Q
6 1 3 62%
4
62
62*3
62
62%
62% 62%
62% 623e 6 1 V 62%
Consolidated G as
“
100
50
50
50
50
50
50
50%
50
49 V 50
50ifl 50%
E rie Telephone ( B o s to n ). 100
g e n e r a l E le ctric.. “
100 113>4 1 1 3 ^ 1 1 2 % 112 % 11 1 *2 U 23e 1 1 1 1 1 IV 1 1 1 % 1 1 1 % 1093s 1 U %
115
ll5
116
116
116
1 1 5 116 *115
116
116
P referred ........... lt
100 1 1 6
19
19
18% 19*2
19*3 19%
19
18
*18
18
Lam son Store Ser. “
50 *17% 19
54% *53 V 54%
5 3 % 54
51
53% 53%
L»ehi’h Coal AN a v 'P h il.) 50 *5 3 ^ 5 4
53*8 54
61*0 *
61
60
60
60
60
60
GO
6 1%
N .E ng. Telephone ( B o st’n )1 0 0 *60
11*2 l l ^
12
iis s 11
1 1 % 1 1 V *11%
1 1 % 12% *31
N orth A m erican . ( P h il.) .100
17 % 17%
*17
174s
1738 17%
17% 17*8
17%
17 %
W est E n d L a n d .. (B o s V n )__
17*« 17*«
* B id and ashed prices; no sale w as made.

A sk .

B id.

Inactive Stocks.
P rices o f J a n . 27.
A tla n ta & C h arlotte (B a lt.). 100
B o sto n A Provid en ce (B o sto n ). 100
ca m d en A A ta n tic pf. (P h ila .). 50
C a taw isea ........................
“
50
1 s t p referred ....... .
“
50
2d p referre d ...........
“
50
U m tra l Ohio.............. (B a ll.). 50
•hdiarl. Col. A A u gu sta
“
100
Conn ecticu t A P a ss. (B o sto n ). 100
Conn ecticu t R iv e r ...
“
100
L < law arc A B oun d B v .(P ln la .)A 0 0
>
F lin t A P e r e M a rq ... (Boston). 100
P r e fe ire d ..................
“
10 0
H a r.P o rts.M t.J o y * L . (P h ila .). 50
E a n . C’y F t. 8. A Mem. (Boston/. 100
P r e fe r re d .....................
“ 100
K . C ity Mem. A B irm .
“
100
L ittle S ch u y lk ill....... (P h ila.). 50
M anchester" A. L a w .. (Boston)-100
M aryland C e n tra l__
(Ball.) 50
Mine H ill A S. H aven (P h ila.). 50
STesquehoiiiiig V a l....
“
50
B orth erii N. H ... . . . . . (Boston).100
N orth P e n n sy lv an ia . (P h ila .). 50
Oregon Short oine...^B<i&ton;.100
P en n sylvan ia A N .W . (P h ila .) 50
R u tla n d ........................(Boston). 100
P referre d .................
100
Seaboard A Roanoke. (B a lt.) 100
1 s t p referred ...........,
*•
100
W est E n d ..................... ,(B o sto n ). 50
P referre d ......................
“
50
W est J e rs e y ..................(P h ila .). 50
W est Jersey A A tla n .
“
50
W estern M ary la n d ..
(B a lt.). 50
W llm. Col. A A u gu sta
“
100
WiLmiugt’n A Weldon
“
100
W isconsin C e n tr a l... (Bosto?i).100
P referred ......................
“ 100
100
W orc’st.N ash.AR och.
“
M ISCELLANEOUS.

A llouez M in in g.........(Boston)
A tla n tic M ining.........
C ity P assen gei R R . . . (B a lt.)
B a y State G a s............. (Boston)
Boston L a n d ..............
Centennial M in in g ...
“
F o rt W ayne E le c tr icfl
“
F ranklin M ining.......
“
F ren ebm ’n’& B a yL ’n d
“
H uron M ining................
“
Illin o is Steel if............
•«
K e a re urge M ining__
“
M orris Canal guar. 4 . (P hila.)
P referred guar. 10u
Osceola M in in g...........(Boston)
W Pullm an P a lac e C a r..
“
Q uincy M ining...........
“
T am arack M in in g ....
“
Thom .Europ.E.W eldlT
“
U n ited G as lin p t.
(P h il.)..

25
25
25
50
10
10
25
25
5
25
100
25
100
100
25
100
25
25
100

84
7
58%
57%
52
12 5
272
160

59
58
126
280

W ater P ow er.
W esting. E lectric

.(6osto?i).100
50

Bonds—Boston. _

T

A t.T op. AS. F. 1 OO-y r.4 g .. 1939, J & J
2 d 2 % -ls, g., Class A . .1989, AAO
B u rl. A Mo. R iv e r E x em p t 6s, J A
N on-exem pt 6 s............ 1918 , J A J
P la in 4 s......................... 1910, JA J
Chic. B u rl. A Nor. 1 s t 5,1926, A A O
2d m ort. 6 s....... ......... 1918, JA D
D ebenture 6 s............. 1896, JA D
Chic. B url. A Q uincy 4 s . .1922, F A A
Iow a D ivision 4 s ....... 19 19 , A A O

A sk .

23g
37

2**a

§ 81%

S2
55%

55
107

S......... 101*4
; U ‘2V
§100 l o l%
§ _
93
1 94
95

97%
Consol, o f V erm ont, 5s. 19 13 , JA J
C urrent R iv er, 1st, 5 s ..1927, A A O .
D et. L a n s.A N o r’n M. 7 s. 1907, JA J §102%
E astern 1 st rnort. 6 g., 1906, M AS §119% 122%
E ree.K lk. A M .V ., 1st, 6S.1933,A A O §122 \.......
71%
U nstam ped 1st, 6 s
1933, A A O §......... 1..........
K .C . C. A Spring., 1st,5 g .,1925, AA O , § 7 7 % !.........
K C. F . S. A M. con. 6s, 1928, MAN §103 104
72% K .C .M em . A B ir .,1 s t,5s,1 9 2 7 ,M AS § 45 I.........
54
K.C. St. Jo. A C . B ., 7 s ..190 7, JA J v.........122

7 %.

71
”7 1 %

19,603
.........1
186
......... 1

Range o f sales in 1893.

3S* b Jan. 16
4% Jan. 14
97% Jan. 27

Jan.
Jan.

122 Jan. 1 *
16,055 27% Jan
273\ 208 Jail
4
3,077 it 9 Jan.
4.961 18 Jan.
2,365 46 Jail.
*
10 ,5 D 9 6 s J in.
16.400 76% Jan.
48 J a o .
200
5 % J an.
170 17 J a p .
1,0 io 87** Jan.
810 37*$ Jan.
178 5 4 k Jan.
12,604 56% Jau.
125 Jan.
12,995 13658 Jan.
l,0 2 o 10 ^ Ja u.
12,219 44% Jan.
470 94 Jau .
*
275 6- 0 Jan.
3.487 160, Ja u
7,510 450* Jan.
882 L-4% Jan.
9,67* 54% Jau.
795 32 Jail.
Jan.
1 2 1 , 5 4 : 231 it H
7,822 115% Jau.
6 Jan.
10
12,435 393g Jan.
230 Jan.
...
6*4 Jau.
998
34,632
2,839
7 -8
1.201
30
242
20
4.998
188
3,SsS
35
351
1, 49
30
658

H ighest.

Low est.

1 1 IV? Jan.
99% Jau.
xV04 Jan.
3 2 * 4 Jan.
10'& Jan.
295 Ja n
70 Jau.
587s Jan.
49 V Jan.
109% Jan.
1 1 2 Jan.
5% Jan.
52% Jan.
59 Jan.
10 J an.
Jan.
720 17

122 Jau.
29% Jau.
2 ’ 4 Jan.
1 92% Jan.
178 Jan.
21 % Jan.
57 J n i.
103% Jan.
S 3 *8 Jau.
41) Jan.
5% Jan.
18 Jan.
1 3 Jan.
t o 3# Jan.
56 Jau.
02 Jan.
129% Jan .
149% Jan.
1 3 Jan.
5*2 Jan.
102 Jan.
70% Jan.
18 Se Jan.
50 Jau.
1 96% Jan.
55% Jan.
35 Jan.
267s Jan.
'4 1 Jau.
6% Jan.
42% Jan.
230% Jau.
7% Jau.

18
24
11
23
26
27
27

1 -9 % Jan .
104% Jan.
J12 Jau .
34% Jan.
12 Jan .
320 Jau.
72% Jan.
62 5g Jau.
50% Jan.
114% Jan.
119 Jan.
19% Jan .
Jan.
61% Jan
11% Jan.
18 Jau.

27
19
27
16
17
21
18
23
16
16
18
26
26
20
24
4

Bonds.

2%

1L%

62

11U

Last price thus week.

51%

21
23
16
25
13
21
12
9
27
13
27

16

17
13
23
26

21

27
27
16
25
26
17
27
6
24

Bid. !AeJr.

Pa A N .Y .C a .,7s con.5?.1939> a AO 1 1 2 % .........
Perkiom en, 1st ser., 5 s. 191 g, Q - J .........104%
P n ila.A E rie gen. M. 5 g.,192 o, A A O 115 I.........
Gen. m ort., 4 g ........... 192 o, A A O
8 4% : 84%
P h ila A Read, new 4 g., 1958, JAJ
76% ' 76^8
1 s t pref. incom e, 5 g, 1958 , F ell 1
6S% 69
2d pref. incom e, 5 g, 1 9 5 s , Feb. 1
6 1% 6 1%
3d pref. incom e, 5 g , 1958. Feb. 1
103% 104%
2d, 7 s ....................................... 1393, AAO
Consol, m ort. 7 s .......... 19 1 1 , JA D 1 2 9 % .........
Consol, mort. 6 g ......... I 9 1 L, J AD
Im provem entM . 6 g., 1897, A a O 106% -IIIII
Con. M .,5 g..scam ped,l922,M A N
80
Phil. R ead. A N. E. 4 s .. ........ 1942
52
lu coin es, series A ................... ip o i
Incom es, series B ...................1952
99
P h il. Wilm. A B alt., 4 s .19 1 7 , AAO
Pitts. C. A St. L .f 7 s . . ..19 0 0 . FAA 1 16 % Po’keepsie B rid ge, 6 g .1 9 3 6 , F A A
S ch u y l.R .E .S id e ,lst5 g.19 3 5 , JA D 108% j.
Steuben. A lu d .,1 s t m.,5s. 19 14 , JA J
Lt'5 .
United N. J . , 6 g ............1894, AAO
Warren A F rank., 1 s t,7s,1896,F & A 10 7% .
B o n d s .— B a lt im o r e .
A tla n ta A C hari., 1st 7 s, k907, J AJ 1 15 % ' 115 %
Income 6 s...................1900, A a O .........1100
Baltim ore A Ohio 4 g ., 193 a, AAO 10 1 102
P itta . A Conn., 5 g ...l 9 2 5 , FAA
S taten Island, 2d, 5 g .19 2 6 , JA J
108
Bal.AO hio 8. W .,lsi.4 % g.l9 9 0 . JA J 107
90
92
C ap e F .A Y a d .,S e r.A .,6 g .l9 L 6 f JA D
90
Series B .f 6 g ...........................1916 , JA D
90
Series 0., 6 g .......................... 19 16 . JA D
Cent. Ohio, 4% g ............1 9 3 0 , MAS 103
1C 2%
Chari. C o l.A A u g. 1 s t 7 s. 1895, JA J 102
99
Ga. C ar. A Nor. 1 st 5 g . .19 2 9 , J AJ
North. Cent. 6 s......... ....1 9 0 0 , JA J 1 1 2
6 s...............................................1904,J A J
Series A , 5 s ............................1926,JA J
4 % s ...........................................1925, AAO '109
O x. A Clark., 6 s,in t. ga. by R A D .
P iedm .A Cum ., 1 st, o g . i y i l , t \sA 10 1 !10L%
Pitts. A Connells. 1 st 7 s. 1898, JA J 1 1 L% 1 1 1 %
V irginia M id., 1 s t 6 s ... 1906, MAS 1 14 1 1 5
112
2d Series, 6 s............................. 19 11 MAS % 1 1 3
MAS 106
MAS
5th Scries,
MAS 100
, J A J 103«% 106
, JA J
W ilm. Col. A A u g ., 6 s .. 19
118
JA D 1 1 6

86 ....... 1 Louis., E v .A S t.L ., 1st, 6g
22% 23%
'
" *
Mar. H . A O ut., 6s....... 1925, AAO
“ 3% , E x ten . 6 s....................1923, J A D
jM exicau C en tral, 4 g. ..1 9 1 1 , JA J
65%
23%
' 1 s t consol.incom es, 3 g.non-cuin.
1 2d consol, incom es, 3s, uou-cum.
7 1 % 72
N. Y . A N .E ng,, 1st, 7s, 1905, JA J
86
1 st m ort. 6 s............... .1905, JAJ
2d m olt. 6 s.................1902, F A A
24
O gdeu. A L . C .,C ou .6s.l92 0 ,A A O §
15
16
Inc. 6 s................................... —1920
105
R u tland , 1 s t, 6 s.............1902, MAN
2d, 5 s............................18 9 8 ,F A A
10 1
b o n d s .— P h ila d e l Th ia
A lleg h en y V a l.,7 3 10s, 1890, JA J
A tla n tic C ity 1 s t 5s, g., 19 19 , MAN
B elvidere D el., 1st, 6 s .. 1902, JA D
•90 C ataw issa, M., 7 s ......... lyOU, F A A
•85
y*s 10% Cleartield A Jeff., 1st, 6 s .1927, J a J
92
88
Co m eetin g, 6 s .........1900-04, M AS
28 7^ 29% D el. A B 'd B r’k, 1 s t, 7 3 .19 0 5 ,F A A
E-iston A Am . lstM .,5 s. 1920, MAN
5*41 .......
7%
E lm ir. A Wilm., 1st, 6 s .1910, J A J .
8
13
13*4 H unt. A B r’d Top, Con. 5 s .’95, A AO
13
13*4 Lehigh N av. 4 % s........... 1914 , Q—J
5
2d 6s, g o ld ....................1897, J A D
110
M ISCELLANEOUS.
G eneral m ort. 4%s; g .l9 2 4 ,Q — F
,Q —J
Lehigh V a lley , 1 s t t s . .. 1898, J AD
Q -J
12%
12
2d 78.............................. 1910 , M&S
, JA J
80
MAN
Consol. 6 ....................... 1923, J&JD
200
MAN
North Penn. 1 s t, 7 s __ 1896, M AN
36
36%
Gen. M. 78.............................. 1903, J A j
126%
, JA J
199 2 0 0
V irgin ia (S ta te )3 s,u e w .l9 3 2 ,, JA J
P en n sylvan ia gen . 6s, r.,19 10 , Var
132*S 134
JA D
Conso1. 6s, c
.............1905, Var
158
161
Consol. 5s, r ............................19 19 , V ar
J&I>
i Collat. Tr. 4% g ...........19 13 , JA D
, JA J
AAO
68 5* 69 'P a . A N . Y . C a n a l,7 s ...1 9 0 6 ,JA D 125

1 Unliatcu« S And accrued in terest.

#

88
161
27

Bid.

Inactive stocks.

W eek,
Shares.

101 I......

......K'4%
36

89

i*i2'3

114
114
116
123

123*8

10 1%
71
107
113%
100%
I l l 's

10 1%
72
107*9
114
10 0 %
112

THE

J an u ary 28, 1893.1

CHRONICLE.

NEW Y O R K S T O C K E X C H A N G E P R I C E S ( C o n t i n u e d ).— A C T I V E

BONDS

169
JA N . 27, AND

I
IO ioPng K ange (sa les) in 1893.
B a il k o a d an d M is c e l . B onds . ln le r’sl\ P rice — ------- --------— — — -—
P erio d . J a n . 27
L ow est.
H ighest.
Acner. Cotton O il, deb., 8 S-*90?!
** r 1131-2 1 1 3 Jan.
8 m Jan.
A t,T o u .A S .F .-]0 0 -y r.,4 g .l9 8 9 J & J 82 *4
2d 2'*5-4s, g i, 01. “ A ” _ 1989 A & O 56 b. 51*8 Jam
_
54*5 Jan.
ICO year in com e,5 g ....... 1989 8ept-. 57
70 b. 67% Jan.
AtJ. & Pac.— Guar, 4 g ---- 193/
10% Jan.
W.D. in c.,6 8 ...................... 1910 J A J 11
116 % Jan.
Brooklyn E le v a t'd 1 s t,6 , g . 1924 A & O 1 1 7 %
&
105% 105 Jam
Dan. South.— 1st guar., 5s 1908
102*3 102 Jan.
2d, 5 s....................................1913 M A
6 7 14b. 67*4 Jan.
C en t.U a .—S .A W. 1 s t con.5a,’ 29
1211a Juu.
Central of N. J .—C o n a.,7a.l8 99
Consol., 7 s ......................... 1902 M A N 119 b.
1087s Juu.
G en eral m ortgage, 5 g .. 1987 j & .j 111-4
Leh.& W .B .,con.,7a,a8\i-1900 Q—M io y * 3 b. 109*5 Jan.
95 Jan.
do. m o r t g a g e e s ......... 1912 M A N 95
Am . Dock & Im p., 5 a ....1 9 2 1 j & .i 108%b. luS*5 Jau.
Central Pacific—G o ld ,6 s.. 1898 j & j I08*5b 108*4 Jan.
Ghea. & Ohio— Mort., 6 g - 1 9 1 1 A A 0 1 16%b. 116 Jau:
ls to o n e o l.,5 g ...................1939 M A N 1037s 1021* Jau.
79*4 Jau.
Gen. 4%s, g ...............
1992 M & S 82
R.A A . D iv .,1 st con .,2-4 g.1989 J & J 80%
78*5 Jam
do 2d con., 4 g . .. 1989 J & J 78 b. 7 7 Jau.
Ohio. B url. < Q.— C o n .,7 a. 1903 J A J 120*5 119*5 Jam
fc
101% Jan.
D ebenture, 5a.................... 1913 M & N 102
10.i*5 Jan.
C onvertible 5a................... 1903 M A 8 108
D en ver D ivision, 4a....... 1922 F A A 94*5b. 93*5 Jan.
N ebraska E xten sion , 4a. 1927 M A N 88%
86 Jan.
Ohio. A E. 111.— 1 s t,s .L ,6 s. 1907 J & n 116 b. 113% Jan.
C o n so l.,6 g......................... 1934 A A O l2 lV b . 121 Jam
G eneral consol. 1st, 5 s .. 193" M A N 102% ICO Jan.
101 % Jan.
Chicago A E rie - 1 st, 4-5 g.19 8 ' M A N 103
Income, 5 a ..........................1982 O ct'b'r 43*5b. 41*5 Jan.
Ohio. G as L. A C .— l e t , 5 g . 1937 J & J 9 1% a 9078 Jan.
Chic.M U. A B t.P .—C on.7s.190 5 J & J 127
126** Jau.
le t , S outhw est Div., 6s. 1909 J A .1 112 b.
le t , So.M in. D iv., 6 s---- 1910 J A j * 114*3b. 113 Jau.
lefc.Ch.APao.W .Div., 5s. 1921 j & j 1 1 0 a. 1 0 8 Jan.
Chic. A Mo. Riv. D iv., 5a. 1926 J A J 103*5»>. 102>* Jan.
Wia. & Minn. D iv., 5 g ..l9 2 1 j & j 104 b. 105 Jau.
Term inal, 5 g .................... 1914 J A J 105V>. 105*5 Jan.
Gen. M .f 4 g., aeries A . .. 1989 J A J 9 214b 90*5 Jan.
MU.A Nor.— le t , con., 6 a.l9 13 •I A D U-2%b. 112*8 Jau.
Q -F
I36*4b. 137 Jan.
J a r> 122 b. 121% Jan.
A & G* 113 V ). 113 Jam
A A 0 108 *5b. 108*2 Jan.
M & K - 109 %b. 10 6 14 Jan.
D i l l ii l l i g I U U U U C U tiU i^ « J S . X i J O 25-year debenture, 5 . . . 190' M & N 104 b. 103*5 Jau.
E xten sion , 4a................... 192t F A A 93 1). 97 Jan.
Ohio. Peo. A 8t. Louis— 5 g. 1928 M A fc 99 a. 9 7 *2 Jan.
Ohio. R.I. A P ac.— 6a, co u p . 191*1 I A J 125
120 Jan.
E xten sion and c o l.,5 a ...19 34 ,r a j 101%
100 Jail.
30-year debent. 5s.......... 1931 M & t 9(,0gb. 95% Jam
Chic. St. P. M. A O .— Os__ 1931' .1 A L‘ 121 b. 119*5 Jam
.1 A J 90%b. 90 Jam
I A I •J 31 b. 120 J;-n.
J A J 120 b
7 7 Jan.
Incom e, 4 s......................... 1990 A pril. *24
25 Jan.
Col. Coal A Iron— 6 g ......... 1900 P A A 105
104*4 Jan.
Col. M idland— Con., 4 g.._1940 F A S
67
6 3 78 Jau.
Col. H. V al. A Tol.—Con.,5 g . 1931 M A t 93
91*5 Jan.
G eneral, 6 g ........................1904 J A
96
94*5 Jan.
D enver A P.io G .— 1st, 7 g.l90< M A
118
1 1 7 % Jan.
1 s t consol., 4 g ...................1936 J A
87*n
84 Jau.
Det. 3 . C ity A A lpena— 6 g .1 9 1 3 J A
74
65 Jau.
Dot. M ac. A M.— L’d gran ta. 19 11 4 A
38*5
33 Jau.
Dal. So. 8h. A A tl.—5 g . . . . 1937 J A
99 b 97 Jan.
E .T en n .V A G .— Con., 5 g . 1956 M A
90%b. 90*4 Jan.
K n o x ville A Ohio, 6 g ...l 9 2 5 J A
lC0*4b. 100 Jam
E llz. L e x . A B ig Sail.— 5 g .1 9 0 ‘2 M A S 97 V o. 9634 Jan.
F t. W. A D e n v .C it y —6 g .. 1921 J A L 100
93 Jan.
M
G al.H .A San An.-VV.Div.lat,5 g. a a n 95 b. 96% Jan.
Han. A St. Jos.—Cons., 6s. 1 9 1 : M A 6 116 b. 116*s Jan.
Houa.& T ex.C .— Gen. 4 s, g .1 9 2 1 A A O 69 b. 6 7 Jan.
Illin ois C en tral— 4 g ...........1952 A A U 101 *4b. IOC *2 Jan.
Int. AG t.N o.— la t (6 g. (Ex.) 1919 M A is 11 1 >
5 109 Jan.
2d 4 V 5 s ........................... 1909 M A S 72
68 Jan.
Iow a Cen tral— 181 , 5 g ....... 1938 J A L 89 b 87*2 Jan.
K en tu cky C en tral—4 g __ 1987 J A J 85*5
84 Jau.
K in g s Co. E l.— le t , 5 g __ 1925 J A J 102 Vo. 99*5 Jau.
Laclede G as— 1 st, 5 g ......... 1919 Q— F
87*5
84 34 Jau.
L a k e E rie A West.—5 g __ 1937 J A J 112
108*4 Jan.
L . Shore— Con. cp., 1st, 7 s. 1900 J A J 119
118 Jan.
Consol, co u p .,2d, 7a....... 1903 J A D 1 2 1 V> 121*5 Jan.
Long la l’ d— 1st, con., 5 g .. 1931 Q - J * 1 1 4 b. 1 1 4 Jan.
G en eral m ortgage, 4 g .,1 9 3 8 J A D 95 b. 95 Jan.
Louis. A N ash.—Cone., / a .1898 A A O 1 1 2 b. 111*4 Jau.
N.O. A Mob. 1 s t, 6 g ....... 1936 J A J 1 1 9
119 Jan.
do.
2d, 6 g .........1936 J A J 110 a.
G eneral, 6 g ....................... 1930 J A D 116 b. 1 1 7 Jan.
Unified, 4 g ........................1940
A J 83
80*4 Jan.
N ash .F l.A S h .— 1 s t gtd.5 g .’ 37
A A 100 b.
Louis. N .A . A C h .— 1st, 6 s. 1910
A J HO b. 1 1 1 Jan.
Consol., 6 g ........................1916
A O 106*2 105 Jan.
Louis. St. L . A T exaB — 6 g .1 9 1 7
A A 98%
94*5 Jan.
M etro. E le v ate d — 1st, 6 g . 1908
A J 1 1 6 b. 1 1 6 Jam
2d, 6a................................... 1899 M A N I07*4b. 106*2 Jau.
Mioh. Cent.— 1 s t, con., 7 a .. 1902 M A N 120 V J. 119*5 Jan.
Consol., 5a ....................... 1902 M A N 106 b. 106*5 Jau.
M ILLakeSh. A W .— la t ,6 g . 1921 M A N 126 b. 126 Jan.
Extern A Im p., 5 g .I . “ .1929 IF A A 109*4 108*4 Jau.
M . K . A T .— 1 s t 4a, g ......... 1990 J A D 81*4
79*5 Jan.
2d 4s, e ............................. 1990 F A A 49%
48*8 Jan.
Mo. Paoino— 1st, con., 6 g .19 2 0 M A N 1 12 b, 1 1 2 Jan.
8 d,7s.................................. 1906 M A N 113*5b. 1 1 4 % Jan.
Pao. of M o.— 1st, e x .,4 g . 1938 F A A 100 b 10 1 Jan.
N o te — “ b ” in dicates price b i d ;
a ” price a s k e d ; the

i U i * Jen.
32*5 Jan.
57 *8 J an.
57 Jan.
71*4 Jau.
11*5 Jam
11 7 *« Jan.
106*8 Jau.
103*5 Jau.
70*4 Jan.
121*5 Jau.
1 I 1*4 Jan.
109% Jam
95 Jau.
109 Jan.
109% Jail.
117 Juu.
104 Jan.
82 Jau.
80«; Jan.
78*5 Jan.
1 2 1 Jau.
102% Jau.
108 Jan.
94% Jan.
887s Jau.
114 Jan.
121*5 Jan,
102% Jau.
103 Jau.
44% Jan.
91% Jau.
127 Jan.
1 15 Jan.
1 1 1 Jam
104 Jan.
105 Jau.
LOO% Jan.
92** Jam
112% Jan.
138 Jau.
122% Jau.
113
Jan.
109 Jan.
109% Jau.
104*5 Jam
98 Jau.
99 Jan.
125 Jan.
101 *2 Jan.
96% Jan.
122 Jan.
9 l 7s Jau.
120 Jan.
79 Jan.
26% Jan.
105*5 Jan.
67 Jan.
94*5 Jan.
97 Jan.
118 Jan.
87% Jan.
74 Jau.
40 Jan.
100*5 Jau.
92% J hn.
100*4 Jan.
99 Jau.
100% Jan.
97% Jam
116*5 Jau.
70 Jan.
102 Jan.
111% Jau.
72 Jam
89 Jau.
85*2 Jan.
102% Jan.
87% Jan.
1 12 Jam
119 Jau.
122*5 Jau.
114 Jan.
96 Jan.
112 Jan.
120 Jau.
117*8 Jam
83 Jan.

F O Ii Y E A R

O lo fn g Uange (xa'.ei) in 18J3

r.
|

27

Lowe*t.

1 1 1 Jan.
109 Jan.
98^ Jan.
117*4 Jan.
107*4 Jail.
1 2 1 Jan.
10'i*5 Jan.
127*5 J*n109% Jan.
81% Jan.
50*5 Jan.
112 Jau.
1 1 5 Jan.
102 Jau.
Range is m ade up from a ctu a l sales only.

* L atest price this w eek.

N E W Y O R K S T O C K E X C H A N G E P R I C E S — (C o n tin u e d ) . — I N A C T I V E B O N D S - J A N U A R Y
SE C U R IT IE S.

Railroad Bonds.

Bid.

Ask.

1 U iyK ttL

Pac of Mo.— 2d extern5a. 193*<
100 V ). 10 6 * 5 Jan. 103 Jan.
Mobile A Ottlo— N ew , 6 g .. 1927 J A
•1 1 5 k. 215 J a u . 115
G eneral m ortgage, 4a. ..19 38 M A 8 01
! 61 J an.
63
Nash. Oh. A S t.L .— le t, 7a. 1913 J A J 127 b. 125 J an. 13(1
Con., 5 g .............................1928 A A O 1 1030a 103 Jan. 103'
N. Y. C en tral— E x te n d .,5 a. 1893 M A
|102 b. 101 Jail. 110X'% Jan.
la t, co u p o n ,7a ...................1903 J A J 121%
121% Jan. 123*4 Jan.
D eben.,5a, coup., 18 3 4 .. 1904 M A 8 108 bJl0 7> , Jau. 1 0 7 * Jan.
N. Y . A Elarlem—7a, reg.1900 M A N 118 b . 1.................
.........
R. W. A O gd.— Con., 5 a .. 1922 A A O 1 1 3 ’-4k. 1113 >1 Jan. !113 \ j an!
N .Y . Chic. A St. L . - 4 g . .19 3 7 A A 0| 97'.|l>.' 87 Jau.
67% Jau.
N. Y. E levated — 7 s ............... 1906 J A • M i l 's
110 % Jan. ll l * * J u u .
N. Y. Lack. A W.— 1st, 6a.. 1921
J,*130 a .1.
Construction, oa............... 1923 F A A| 114*50. 114 Jau. 114 Jan.
N .Y .L .E .A W .— let,oon.,Yg. 1920 M A 6 138 b .1 3 7 Jan. 139*5 Jan.
L ong D ock, 7a .................. 1893 J A D I 0 l% b .'l0 1 Jan. 10 1% Jan.
Consol., 6 g ...................... 1935 A A O * 122*60.1122 J ML 122 J.ir.
2d consol., 6 g ...................1969 J A D 104
1 0 1 * 5 Jan. 104
Jan.
N. Y. O. A W.—Ref. 4a, g ..l9 9 2 M A 3 85*4
83% Jan.
85*4 Jau.
Consol, la t, 5 g .................1939 J A D 108% 1 0 6 s» Jan. 108*t Jau .
N .Y.Sus.AW .— la t ref., 5 g . 1937 J A J 106 0. 105 Jau. 105% Jan.I
Midland o f N. J., 6 g .. . . l 9 1 0 A A
*110 b. 118 Juu. 1188) Jan.
l( '0 ‘* b .l...........................................
Norf. A South.— 1st, 5 g ... 1941 M A
Norf. A W\— 100-year, 5 g.19 90 J A
90 b. 90 Jan. i 90 Jan.
90 b 90*5 Jan.
M d.AW ash. D i7 .-le t,5 g.1941 J A
91 Jan.
116 %
North.P a c.— 1st, coup., 6 g . 1921 J A
115*« Jail. 117*4 Jau.
General, 2d, coup., 6 g . . 1933 A A
1 13*5 1 1 2 * 5 Jan . 114 Jan.
107 b. 106 Jau, ,1 ( 7 Jan.
G eneral, 3d, coup., 6 g ..l9 3 7 J A
Consol. m o r t .,5 g ............. 1989 J A D 70%
6 6 *4 Jan. i 72*5 Jan .
Chic. A N .P .— 1st, 5 g . .. 1940 A A O 76%
72*5 Jan .
7 7 *5 Jan.
8
North. Pac. A M on .— 6 g . . . 1938 M A S 8 . *5
8-1 Jan. I 8 8*5 Jau.
North. Pac. Ter. Co.— 6 g . . 1933 J A J 10 1% TOO Jau. 10 1% Jau.
109 b.
Ohio A M iss.— Cons, s.f.,7a. 1 898 J A
Consol., 7 s ......................... 1898 J A J|109 b. 109 Jau. 109*4 Jan.
Ohio Southern— 1st, 6 g ...l 9 2 1 J A D 108 b. 107 Jan. HO Jan.
6 2 '2 b. 63 Jan.
G eneral m ort., 4 g ............1921 M A
t 4 Jan .
*62 b. 68 Jau.
Omaha A 8t. Louis—4 g .. 1937 J A
68 Jan.
Oregon Im p. Co. - l a t , 6 g .1 9 1 0
A D 102 b. lu 2 Jan. 103*4 Jan.
Consol., 5 g : ...................... 1939
A O 63
61% Jan.
64 Jau .
O re.R .A N av Co.— l e t , 6 g . 1909
A J 110 %
108 Jan. 110 % Jan.
Consol., 5 g ......................... 1925
A D " 9 1 a. 88 Jan.
91*5 Jan.
A J[107 b. 106 Jau. 106*5 Jau .
Pa. Co.— 4*5 g ., cou pon __ 1921
Peo. Deo. A E v a n s v .— 6 g . . l 92G
A J 103 b. 103 Jan. 103 Jau.
E v a n sv ille D iv ., 6 g __ 1920 M A 8'100 b.
2d m o rt.,5 g ...................... 1926 M A N 70 b. 70 Jan.
70*5 Jan.
S3** Jan.
Fhila. A Read.— Gen., 4 g.19 58 J A J 84 *t
85*4 Jan.
Feb.
la t prcf. incom e, 5 g ....... 1958
74% Jan.
76%
7 6 7a Jan.
69
2d pref. incom e, 5 g ....... 1958
Feb.
67% Jan.
70 Jau.
Feb.
3d pref. incom e, 5 g ....... 1958
Jan.
61*5
62% Jan .
58%
Pittsburg A W estern— 4 g-19 17 J A J 81%
82 ,Jan.
81 Jan.
Rich A D a n v .— Con., 6 g .. 1915 J A J 107*5 103 Jan. 108 Jau .
C onsol.,5 g ......................... 1936 A A O 71*3
67 Jan.
72% Jan.
Rich. AW . P.Ter. -T r u st,6 g .l8 9 7 F A A 76%
7 1 Jan.
7 7 Jan.
Con. 1 s t A col. tru st, 5 g . 1 9 14 M A S 49
43 Jan.
19 Jau.
Rio G. W estern— la t, 4 g .. 1939 J A
76 Jan.
77*3
7 7% Jan.
96 i
St. Jo. A Gr. Island —6 g .. 1925 M A
93 Jau.
Co Jan.
102*4 Jan. 103% Jan.
St. L. A Iron Mt. 1 s t ext. 5s.’97 F A
105% Jan. 107 Jam
2d, 7 e .................................. 1897 M A
Cairo A rk. A T ex as, 7 g . .1897 J A
104 Jun. 1C4 Jan.
Gen. K’y A land g r ,,5 g ..l9 3 1 A A
89%
84% Jan.
901i J»I1.
8t.lv. A San F r.— 6 g .,C l.B .19 0 (j M A
112 b 111*5 Jaa. 1 1 2 H Jau.
i
1 12 b m < 4 Jan. U l ^ Jan.
6 g., C lass C ...................... 1906 M A
G eneral m ort., 6 g ...........1931 J A
107 b 1 0 6 U Jau. 100*2 Ja a.
67
St. L. So.W est.— 1st, 4s, g .. 1989 M A
63*5 Jan.
6 7 Jan.
24 Jan.
28
2d, 4s, g., In co m e............. 1989 J A
2 3 4 Jaa.
S.P.M .AM .—D ab. E x ., 6 g . 1910 M A
118 b 1 1 7 % Jan. 117% Jan.
*122 b 1 2 1 Jan. 12 2 i4 J a a .
1 st consol., 6 g ..................1933 J A
do
reduced to 4*5 g .. I A
100*8 1 0 0 Jan. 10C% Jan.
M ou tan aE xten sio n , 4 g.19 3 7
89*5b 88 Jan.
89*5 Jan.
San A. A Aran. P .— I s t ,6 g .l9 1 (
71
70*4 Jam
71 *5 Jan.
70
66 Jan.
7 1 % Jan.
1st, 6 g ................................ 1926
92 'Ai Jan.
S e a ttle L .S .A E .— 1 st.gu . 6 .1 9 3 1
92
83 Jan.
Jan.
S cc’t y C oip (N Cord. lste o n .6 s M A N 9 7 t
97
97*5 Jan.
s o .C ar.—1st, 6 g.,excou t> .19 2u
105*3 105*5 Jau. 105*5 Jan
100 Jan. 1 1 0 ‘s Jan
100
So. P a c., A riz.— 6 g ....... 1909-10 J A
So. P a cific,C a l.—6 g . . . . 1905-12 A A
1 1 3 V h i Jan. 1 1 1 Jan.
95% Jau.
1st, consol., gold, 5 g __ 1938 A A
9 7 Jau.
97
So. Pacific, N. M.— 6 g.......... 1911 J A
10-1 Jan. l O i 1* Jan.
94% Jan
Tenn.C.I. & R y .—T en .D ., 1st, 6* A A
94 b. 93% Jan,
Birm . D iv ., 6 g .................. 1917 J A
95 *8 Jau .
95*ea. 94 Jan.
81 Jan.
Tex. A P ac.— 1st, 5 g ...........2000 J A D 80 *2 b. 76% Jan.
26 Jan.
2d, incom e, 5 g .................. 2000 March. 28
29*4 Ja n .
lo l. A. A . A N. M .- 6 g ....... 192-1 M A N 107 a, 103 Jau 108*5 Jan .
Tol. A Ohio Cent.—5 g ....... 1935 J A J 106*3b, 105 Jan. 107*3 J a u .
80 Jau.
81 Jan .
Tol. Peo. A W est.— 4 g ....... 1917 J A J 80*4
90*5 Jan.
Tol. 8t. L. A Kan. C .— 6 g .,1 9 1 6 J A D 89 b. 88*5 Jan.
Onion Pacific—6 g ............... 1899 J A J 109 *sb 10 J Jau. 110 % Jau.
S in kin gfu n d . 8 s.................1893 M A S 105
103*5 Jan. 105% Jan .
7 3 * 5 Jan.
Collat. tru st 4*5.................1918 M A N 73*5a 67 Jan.
98*5 Jan. 10 2% Jan.
Gold 6s, col. tru st n otes. 1894 F A A 102%
K an . Pac.-D en. D iv.-6 g.18 99 M A N 1 1 0 %b. 110 % Jan. 110 % Jan.
108% Jan. 1 1 1 * 5 Jan.
ls tc o n s o l.,6 g ................ 1919 M A N 111*5
Oregon S h o rtL iu e —6 g .,1 9 2 2 F A A 108*3 106% Jau. 108*5 J r n .
A A O 79%
80*5 Jau.
7 6 Si Jan.
O r.S .L .A U t’hN.— Con.5 g.19 19
75 % Jan.
68*5 Jau.
U .P .D en .A G u lf con. 5 g.1939 J A D 74%
116 Jan. 1 1 7 Jam
Onion E le v ate d — 6 g ......... 1937 M A N 1 1 7
82*5 J: n,
V irginia Mid,— Gen. in., 5s, 1936 M A N 81 b. 7 7 Jam
82 J: n ,
S 0*5 Jan.
do
stam ped gu ar. M A N 82
W abash— 1st, o g ...................1939 M A N 104% 10 2 *4 Jan. 104% Jan.
82*5 Jan.
F A A 82*3
7 9 * 3 Jan.
2d m ortgage, 5 g ............ 1939.
39 Jan.
A
38 b 37 Jau.
D ebent. M., series B ....... 1939
102% Ja n .
101% Jan.
A J 10 1%
West Shore— G uar., 4 s....... 2361
102 Jau. 103 Jan .
A J ,102%
West. N. Y. A P a .— 1st, 5 g . 1937
33 Jam
30% Jau.
A o! 32%
2d m ort., 3 g .,5 s c ............... 1927
A J 105% 103*5 Jau. 10*: Jan .
West. U n .T e l.—Col. t r .,5 s .1938
92*5 Jan.
87*5 Jan.
A J, 91
Wls. Cent. Co.— 1st, 5 g ...... 1937
.J 32*9b- 33 Jan. 1 33 Jan.
Incom e, 5 g ......................... 1937

SE C U R IT IE S.

W. V a, & P itts.— 1st, g., 5 s ..1990
B. & O. S. W ., 1st. g., 4 *»s...l99 0
(S ic d c E xc h a n g e P rices.)
Monon. River, ls t g .,g . 5 s ...1 9 1 9
Cent’lO liio Reor.— 1st, 4 1 * 3 . 1 9 3 0
A la b am a Mid.— la t , g., g u a r ..1928
A k .& Cli. Jun e.— ls t.g , 5s, gu. 1930
2d, 4 b, Class B ........................1989
60*4
A tla n tic & D an v.— 1 s t g., 6 3 ..1 9 1 7
Boat. H. Tun. & W.—Deb. 5a. 1913
18
Brooklyn E levated — 2d, 3-58.1915
A tl. & P a c.—2d W. D., gu. 6s,. 1907
B ru n sw ick & W’n— 1st, g. 4a, 1938
B a lt. & OMo— 1st, 6s, P a rk B .1 9 1 9 •118
Bufl. Roch. & P itts.— Gen., 53.1937
S i, go ld ......................................1925 112*4
Roch. * P itts.— la t, 6 s ......... 19 2 1
Pong, m ort., gol 1. 5 s ............. 1988 11431
* Ho prloe E rld a y ; tbeae are th e la test quotation* m ade th is week.

Bid. A sk.

SE C U R IT IE S.

27.
Bid.

120
Rook. & P it t s — Cons. 1st, 6 s ..1922 118
104
Burl Ced. Rap. & No.— 1st, 5s. 1906 104*6
10 7
*93
Conaol. & collat. trust, o a ... 1934
Minn. & St, L - l a t , 7s. g u ..l9 2 , 1 1 0
104
Iow a C. & West.— la t, 7 s .- - 1 9 0 9 100
105
Ced. Rap. I. F. & N., 1st, 6 9 .1 9 2 0 102
___
100
l s ( 5s
, 1 ii21 *92
......... 9 5
C.Ohio— Gol. ACin.M .lst,4*5S.1939
90
*85’
99% 100*5 Cent. R B . A B ank.— Col. g-5 e.l9 3 7
Chat. Rome A Col.— Qtd g ...... 193/
123
—

THE

160

CHRONICLE,

[ VOL. LA I,

NEW YORK STOCK EXCHANGE PRICES.—I N A C T I V E B O N D S — r C o n t i n u e d ) —J A N U A R Y 2 7 .
S E C U R IT IE S .

B id .

A sk .

Cent, of N. J.~ C o n v . del)., 6 s .1908
C en tral Pacific— Gold bde, 6s, 1895 105
Gold bonds, 6 s ....................... 1896 105% 10 7
Gold bonds, 6 s ....................... 1897 106%
San Joaquin B r., 6 s...............1900 1 1 1
Mort. gold 5 s ...........................1939
Land gran t, 5s, g . . . . . . ..........1900 T04%
C. & O. D iv., e xt,, g. 5 s....... 1918 106%
West. P acific—Bonds, 6 s ... .1899 107% 108%
No. R a ilw ay (Cal.)— 1st, 6s. 1907
95
50,vear 5 s .............................1938
Ohes. & O.— Pur. M. fu n d , 6s. 1898 108 % 109%
1165g
6s, gold, series A .................... 1908
C raig V a lley — 1 s t, g., o s . . ..194,0
W arm Spr. V a l., 1st, g. 5 s ..1 9 4 1
CSies. O. & So. W e st— 1 s t 6s, g .1 9 1 1 106 107
2d, 6 s.........................................1 9 1 1
Oh. V. —Gen.con. 1 st,gn.g,5s. 1938
Chicago & A lt o n - 8. F.. 6 s ....1 9 0 3 1 1 7
120
Louis. & Mo. R iv e r— 1st, 7S.1900 1 1 7
2d, 7 s ..................................... 1900 1 1 2 1 1 5
105%
St. L. Jacks. A C hic.— 1 s t,7S.1894 105
M iss.R. B rid ge — 1st, s. f., 63.1912 104
105
Ohio. B url. & N o r.— 1st, 5 s ....1 9 2 6
D ebenture 6 s ..................
Ohio. B u rlin g. & Q.— 5s, s. f.,1 9 0 1 104
Iow a D iv .— Sink, fu n d , 5 s ..1 9 1 9 105%
955s 96*4
S inking fu n d , 4 s ................. 19 19
8 6 I0
Plain, 4 s................................... 19 2 1
100
Chic & Ind ian a Coal— 1 s t 5s. 1936
C h i. Mil. & St. P .— 1 s t,8 s,P.D . 1898 119*2 120%
124
2d, 7 3-lOs, P. D ................... 1898
1st, 7s, $ g . , R . D ................... 1902 125 126
lBt, I. & M .,7 s .......................1897 120*2 123
124
1st, I. & D .,7 S ........................1899 1 2 1
1 s t ,C. & M., 7 s ........................1903 125 130
le t , I, & D .E x t e n s io n ,7 s ... 1908 126%
le t , L a C. & D a y ., 5 s ............. 19 19 103
1st, H . & D .,7 s ......................1910 122%
le t , H . & D ., 5 s ......................1910 104
119%
Chicago & P acific D iv ., 6s. .19 10 1 1 7
M ineral P o in t D iv. 5 s ...........1910 103% 105
C. & L. Sup. D iv ., 5 s............. 1921 103
Fargo & South., 6s, A s s u ...l9 2 4 110
Ino. conv. sink, fu n d , 5 s---- 19 16 TOO
D akota & G t. South., 5 s— 19 16 104%
113%
(M il. & N o r. m ain lin e— 6 s ... 1910 1 13
106%
CJhic.&N.W.— 30 y e a r deb. 5s, 1921
E scanab a & L. S. 1st, 6 s— 1901 107
D e sM . & M inn.— 1st, 7 s . . . . 1907 123
Iow a M idland— 1st, 8 s.........1900 124
Pen in su la— 1 st, conv., 7 s .. .1898
Chic. & M ilw aukee— 1st, 7s. 1898 1 12
L32
Win. & St. P .—2d, 7 s ............. 1907 126
Mil. & M ad.— 1st, 6 s............ 1905 1 12
Ott. C. F . & St. P — 1st, 5 s .- 1909 107 h
107% 1 1 0
N orthern 111.— 1st, 5 s ......... 1910
95
Ch.Peo. & S t.L .—Con. 1st,g.5 s. 1939
73
80
0 .R .I .& P - D .M .& F . D. 1 s t 4s. 1905
51
1st, 2*38 .................................1905
E xten sion , 4 s .................. .190 o
98 100
K eo k u k & Des M.— 1st, 5 s .. 1923
C hicago & St. Louis— 1st, 6 s.. 19 15 liO
Ohio. St. P . & M inn.— 1 s t ,6 s ... 1918 125
St. P a u l & S. C.— 1st, 6 s....... 19 19
Chic. & W . Ind .— 1 s t, s. f., 6 s .19 19
118%
G en eral m ortgage, 6 s...........1932 1 1 6
Chic. & W est M ich.— 5 s , ..........192 1
Din H am . & D .— Con. e. f., 8.1905 12 1
2d, gold, 4 % s...........................1937 *95
95
96
Cin. D. & I r ’n— 1st, gu. 5s, g.19 4 1
Olev. Air. & Col.—Eq. & 2d 6s. 1930 *98
O.C.C. & St. L ., Cairo d iv.—4s, 1939
6 t.L ou .D iv.— Istc o l.ts’t4s,g.l9 90 *31
Spring. & C ol.D iv.— 1 s t,g. 4s. 1940
W hiteW .V al.D iv.— ls t,g . 4s. 1940
Cin.W ab.&M. D iv.— 1 s t,g.4s. 19 9 1
92
92%
94
Gin. I. St. L. < C.— 1st,g.,48.1936
fe
C o n s o l, 6 s................................ 1920 104
Cin.San.&Cl.— C o n .lst,g.5 s, 1928
104
116
OLCol. Cin. & Ind.— 1st, 7s,s.f.l8 9 9 1 1 3
Consol, sink, fu n d , 7 s ...........19 14
Clove. & M ah. V .— G old, 5 s ... 1938
Colorado M idland— 1st, g., 6S.1936 107 108%
Colum bia & G reen.— 1 st, 6 s ... 19 16
2d, 6 s.........................................1926
D el. L ack . & W .— Mort. 7 s . . . . 1907 132
Syra. Bin g. & N. Y .— 1st, 78.1906
130
Morris & E sse x — 1 st, 7 s__ 19 14
140
Bonds. 7 s .............................. 1900 110
113
7s o f 1 8 7 1 .............................190 1 122
1st, con., gu ar., 7 s ............. 19 15 136
Del. & H ud. Can.— Coupon 7 s,1894 106% 10678
U P a. D iv ., coup., 7 s .................19 17 136
. A lban y & Susq.— lB t,g u .,7 s 1906 126 1 3 1
$ 2filst, cons., guar., 6 s.......... 1906 118% 12 1
Bene. & Bar.— 1st, coup., 7s. 1921 143
D en v er C ity Cable— 1st, 6 s ... 1908
97
D en v. T ram w ay— Cons. 6s, g .1 9 1 0 *99%
M etro! ol. Ry.— lB t,gu. g. 6s. 1 9 1 1 100
D en v. 6i R. G.— Im p .,g ., 5 s ... 1928
87
89
D uluth & Irou R an ge— 1 s t 5s. 1937
98 100
E .T e n n . Va. & Ga.— 1st, 7 s ... 1900 108 108%
D ivisional 5 s........................... 1930 1 ( 2
1st e x t., gold, 5 s ..................1 9 3 7
52
Eq. & lm p ., g .,5 s .....................1938
Mobile & B irin .— 1st, g., 5 s.. 1937
A lab am a Central— 1 s t 6 s ... 1918 10 1
Erie 1st, exten ded, 7 s ...........1897 113 % 113%
2d, exten ded, 5 s..................... 19 19 1 1 5
3d, extended, 4% s.................. 1923 10 7
4th, exten ded, 5 s.................... 1920 1 1 1
5th, exten ded, 4 s....................1928 ICO
le t , con., g., I’d, 7 s ............... 1920
139
R eorg., 1 s t lien, 6 s . . . ........... 1908 *110
E. N CY. & E .— 1st, 7 s ...........19 16 133
N. Y . L. E. & W .— Col. tr .,68.1922
Funded coup., 5 s.................... 1969
91
Buff. & 8. W .-M o rtg . 6 s .... 1908 *97
Jefferson— 1st, gu. g. 5 s _ 1909 103
_
Coal & R R — 6 s........................1922
E u reka Springs— le t, g., 6 s ... 1933
E ?an s. & T .H .— 1st,cons.,6s. .19 2 1 I 2 2 " .........
1st, general, g., 5 s .................1942

S E C U R IT IE S .

Bid.

E .& T .H .— Mt. V ernon 1 s t 6s .1923
Sul. Co. Br. 1st, g., 5s...........1930
Evans. & Indian.— 1st, co n s..192 6
Flint & P. M arq.— M ort., 6 s ... 1920
1 s t con. gold, 5 s ......................1939
P ort H uron— 1st, 5 s ..............1939
Fla. CeD & P en .— 1 s t g. 5 s .... 1918
Ft W orth & R. G .— 1 s t g., 5 s ..1928
Gal. H ar. & San A n t.— 1st, 6s. 1910
Gal. H. & 8. A — 2d m ort., 7 s .. 1905
West, D iv., 2d 6 s ....................1931
Ga. Car. & N or.— 1st, gu. 5s, g 1929
Ga. So. & F l a — 1st, g. 6s.........1927
G rand R ap. & Ind.— Gen. 5 s .. 1924
G. B. W. < S t.P .— 1 st 6 s.rects.19 11
fe
2d incom e, tru st re c ts ............
H ousatonic— Cons, gold 5 s .... 1937
N. H aven & D erby, Cons. 5s..1918
Hous. & T . C.— W aco & N. 7s..1903
1 s t g., 5s (int. gtd )................ 193
Cons. g. 6s (int. g td )............. 19 12
D ebent. 6s, prin. & int. gtd .1897
D ebent. 4s, prin. & int. gtd.1897
Illinois Cen tral— 1st, g., 4s ...1 9 5 1
1st, gold, 3 % s ........................ 1951
Cairo Bridge— 4 s................... 1950
S p rin g ! D iv .— Coup., 6 s---- 1898
M iddle D iv .—R eg., 5 s.......... 1921
C. St, L .& N . O .—Ten. 1., 78.1897
1st, consol., 7 s.....................1897
2d, 6 s.....................................1907
Gold, 5s, c o u p o n .................1951
Memp, D iv ., l s t g . 4 s....... 1951
Dub. & S. C.— 2d D iv ., 7s ...1 8 9 4
Ced. F a lls & M inn.— 1st, 7 s .. 1907
Ind. D. & Spr.— 1 s t 7s, e x. cp.190 6
I n d .D .& W .- ls t 5s, g .,tr .r e c .. 1947
2d, 5s, gold, tru st r e c e ip ts .. 1948
Inc. M. bonds, tru st r e c e ip ts __
Ind. Ills. & Iow a.— 1 s t, g, 4s. 1939
Int.&G. N’n— 1 st,6s,g................1919
K a n aw h a & M ich.— M ort. 4s. 1990
K an . C.W yan .& N .W .— 1 s t ,5s. 1938
K in gs C o .-F .E l.,lst,5 ,g .,g u . A. 1929
L ak e E rie & W est.— 2d g., 5 s. 1941
L. 8. & M. So.— B .& E .— N ew 7 s .’98
Det. M. & T — 1st, 7 s ............ 1906
L a k e Shore—D iv. bonds, 7 s. 1899
K al. A ll. & G. R .— 1st gu. 5s. 1938
M ahon’g Coal R R .— 1st, 5 s. 1934
L e h igh V .,N .Y .— 1 s t gu.g.4% s.l940
Lehigh V .Term .— 1 s t gu. 5s,g. 1941
1/itchf. C ar.& W est.— 1 s t 6s. g .1 9 1 6
Long Island — 1st, 7 s ............... 1898
N. Y . < R ’ w ay B .— 1st, g. 5s. 1927
fc
2d m ortg., in o ..................... 1927
N .Y.& M an. Beach.— 1st, 7s, 1897
N. Y . R.&M .B.— 1 s t con. 5s,g. 1935
B ro o k l’n&M ontauk— lst,6 s,19 11
1st, 5 s ....................................1911
L o u is.E van s.& S t. L .— Con.5 s. 1939
Louis. & N ash .— Cecil. B r .7 s ..1907
E . H . & N ash.— 1 s t 6s, g . . . . 1919
P en sa cola D ivision , 6 s......... 1920
St. L ouis D ivision , 1st, 6 s ... 1921
2d, 3s......................................1980
Leb. B ran ch E x ten sion .. .1893
N ashv. & D ecatur— 1 s t ,7 s .. 1900
S. f.,6 s.— S. & N. A la ..............1910
10-40, gold, 6s........................1924
50 y ear 5s, g .,......................... 1937
Pens. & A t .- 1st, 6s, g o ld ... 1921
Collat. tru st, 5s, g .................193 1
Lou.N .Alb.& Ch.— G en.m .g.5s.l940
Lou. N. O. & T e x .— 1st, 4s__ 1934
2d m ort., 5 s .............................1934
Louis. S t .L. < T e x .— 2d g, 6 s .. 1917
fc
M anhattan R y.— Cons. 4s....... 1990
M anito.S.W .Colouiza’ n— 5s ,g.l9 3 4
M em phis & Chari.— 6s, g o ld .. 1924
1 s t con. Tenn lien, 7 s ...........19 15
M exican Cent. Consol.— 4s, g .1 9 1 1
1st, eons, incom e 3s, g .........1939
M exican N ational— 1st, g., 6s. 1927
2d, incom e, 6s, “ A ” ...............1917
2d, incom e, 6s, “ B ” ............. 19 17
M ichigan C en tral— 6 s...............1909
Coupon, 5 s ... ........................... 1931
M ortgage 4 s.............................1940
Mil. L. S.&W .— Conv. deb., 5 s. 1907
Mich. D iv ., 1st, 6s.................. 1924
A sh lan d D ivision — 1st, 6s ..1 9 2 5
Incom es.............................................
M inn.& St. L .— 1st, g. 7 s ......... 1927
Io w a E xten sion , 1 st, 7 s.......1909
2d m ortg., 7 s ........................... 1891
Southw est E x t.— 1st, 7 s .......1910
P acific E x t.— 1st, 6 s ..............1921
Im pr. & equipm ent, 6s.........1922
Minn. & P a c.— 1 s t m ortg., 5s. 1936
M inn.St.P.& S.S.M — 1 st c.g. 4s.1938
M o.K.&T.— K .C .& P ., 1 st, 4s, g. 1990
D al. & W aco— 1st, 5s, g u ...,1 9 4 0
M issouri P a cific—T ru st 5 s ...1 9 1 7
1 s t coll., 5s, g ......................... 1920
S t L .& I. M A r k .B r .,ls t ,7 s .l8 9 5
M obile & Ohio— 1 s t e x t., 6 s ... 1927
St. L. & Cairo— 4s, g u a r....... 1931
M organ’s La. &. T.— 1st, 6s__ 1920
1st, 7 s.........................................1918
Nash. Chat. & St. L .— 2d, 6 s .. 1901
N ew O rleans & G u lf— 1st, 6s .192 6
N. O. &. No. E .— Pr. 1., g., 6s.. 1915
N Y. Cent.—Deb. g. 4 s...........1905
N. J. June—Guar. 1st, 4 s ... 1986
Beech Creek— 1 st, gold, 4 s .. 1936
Osw. & Rome— 2d, 5s, g .,g u .l9 1 5
U tica & B l. R iv .—4s, g., gu.1922
N. Y. N. H. & H .— 1st, reg. 4s. 1903
N. Y . & N orthern— 1st, g., 5s. 1927
2d, 4 s ...................................
1927
N. Y . Susq. & West.— 2d, 4 % s.l9 3 7
Gen. m ort., 5s, g .................... 1940
N. Y. T ex. & M ex.— Ist,4 s,g ii.l9 12

118
100

* No price F riday; these are tn e la te s t quotations m ade this ween.

A sk .

118
99%
97
65%
106

67
103

‘ 77
70
106

77
110
39

1 15
*108
120
10 7% 107%
104% 107%
96
*31
105
933s
100
105
112
111*4 1 1 4
111% 114
1 16 %
97
10 1 104
97
126
29%
134
77%
10 1
114%

95

12 559

114
117
T08
108
103%
1 12
113
100
112 % 1 1 5
30
97

82 %
107%
113%
108
116
61
100
111
100
100
103%
104%
104%
79

95
90
115
'95
45
8%
115%
113%
97
106
122
123
109
112
127%
110
128
100
111

104
83
108%
iii

105
80

96

68%

107%

115
145
114 %

74
86
91
83
103%
81
1 14
12734 128%
1 12
109
102

10L
100 102
108%
100
103
108
79%
75
91
99

S E C U R IT IE S .

Bid.

A sk .

N orth’n P acific—D iv id ’d scrip e x t
Jam es R iv e r V a l.— 1st, 6 s... 1936
Spokane & P a l.— 1st, 6s.......1936
90
93%
St. P au l & N. P .— Gen., 6 s ..192 3 120 123
H elena&RodM ’n— ls t,g ., 6s. 1937
DiiluthcfcManitoba— lst,g .6 sl9 3 6
98
D ul.& M an D a k .D iv .— Ist6 s.l9 3 7
io i
Coeur d’A len e— 1st, 6s, gold. 1916
10 714
Gen. ls t ,g ., 6 s.....................1938
Cent. W ashington— l8 t,g. ,6s. 1938
85
95
N orfolk & West.— G eneral, 6s. 1931 124
N ew R iver, 1st, 6 s ................1932
1 1 7 ia
Im p. & E x t., 6s....................... 1934
A d justm en t M., 7 s ................ 1924
Equipm ent, 5s......................... 1908
C lin ch Val. 1st 5 s.................. 1957
94
Roanoke& So.— 1st, gu. 5s, g.1922
82
82%
Scioto V al. & N. E .— lst„4s,.199C
Ohio & M iss—2d consol. 7s. ..1 9 1 1 116
S prin g.D iv.— 1 s t 7 s ................1905 1 1 6
G en eral 5s................................ 1932
Ohio R iv e r R R .— 1st, 5 s.......... 1936
100%
Gen, g .,5 s ................................ 1937
O regon & Califor.— 1st, 5s, g .19 2 7
93%
Oreg. R y & N a v .— C ol.tr. g..5s,19 19
80
Pan. S in k.F ’d Subsidy— 6s, g. 1910
Pen n .-P.C.C & St.L.C n.g.4% sA 194C 102 ^ 103%
102%
Do
do
Series B .........
P.C.<feS.L.-lst,c.,7s.................190C
P itts. F t. W. & C.— 1st, 79 ... 1912 1368s
2d, 7 s ....................................1912
3d, 7 s ......................................1912 132
133
Clev. < P .—Cons., s. fd ., 7 s. 1900 119
fc
Gen. 4% s, g., “ A” ............. 1942 109%
Ch.8t.L.& P .— ls t,c o n .5 s ,g ...l9 3 2 110 %
St. L .V .& T . H.— 1 st, 6s., 7 s. 1897 109 1 1 1
2d, 7 s ......................................1898
2d, guar., 7 s ..........................1898 108 % l l l i a
G d .R .& L E x t.— lst,4 % s,G .g. 1941 100% 100%
P e o .& E .-In d .B .& W .-lst,p f.7s.l9 0 ( 112 % 1 1 5
Ohio Ind.&W .— is t p r e f.5 s ..l9 3 S
P eoria & P ek . Union— 1st, 6s .1921 11 0
2d m ortg., 4% s........................1921
70
P itts. C leve. & Tol.— 1st, 6 s... 1922
P itts. & L. E r.— 2d g. 5s, “ A ” . 1928
P itts. Me. K . & Y — 1 st 6s....... 1932
P itts. P a in sv. & F .— 1st, 5 s .. .1 9 1 6
85
P itts. Shew. & L .E .— 1st,g.,5 s. 1940
87%
P itts .Y ’g st’n & A .— 1st, 5s,con. 1927
Pres. & A riz. Cent.— 1st, 6s, g. 1916
2d incom e 6 s ........................... 1916
87
Rich. & D a u v.—D ebenture 6s. 192'
89%
Equip. M. s. f., g., 5 s ............. 1909
A tl. & Char.— 1st, pref., 7 s .. 1897 T02%
do.
Incom e, 6 s_ 1900 *90
_
W ash.O.&W . —lst,4 s,g u . c y ., 1924
R ioG r. Jun e.— 1 s t, gu., g., 5s. 1938
Rio G rande So.—1st, g., 5 s ... 1940
80
37
St. Jos. & Gr. Is.— 2 d iu c .........1925
K an . C. & O m aha— 1st, 5 s .. 1927
75
St. L . A . & T .H — 2d pref. 7 s .. 1894 104%
2d m. inc. 7 s.............................1894 10 1
104
D ivid en d bonds......................1894
66
B ellev. & So. 111.— 1st, 8 s ...i8 9 6 110% 1 1 2
B ellev. & Car.— 1st, 6s.......... 1923
C h i.St.L .& Pad.— 1st,gd .g.S s 19 17 10 1
103
St. Louis So.— 1st, gd. g. 4s. 1931
80
72%
do
2d in co m e ,5 s.1931
Car. <fcShawt.— 1 st g. 4 s— 1932
80
St, L. & S. F .— 2d 6 s,g., cl. A . 1906 112
114
E quip., 7 s .............................. 1895 100
92
G en eral 5 s................................ 1931
1st, trust, gold, 5s.................. 1987
66% 68%
Consol, guar., 4 s .................... 1990
K a u . C ity & 8.— 1st, 6s, g . ..1 9 1 6
F t. 8. & V. B. B g .- L it , 6 s ... 1910
K an sas M idland— 1st, 4s, g .19 3 7
St. P a u l & D uluth—1 st, 5 s__ 1933 *108
2d m ortgage 5s........................19 17 105 108
St, P a u l M iun & M.— 1st, 7 s .. 1909 109 109%
2 d m ort. ,6 s ...............................1909 117% 113*4
M iuueap. Union— 1st, 6 s__ 1922
M ont. Cen.— 1st, guar., 6 s .. 19 3 7 1 1 3 % 11 5 %
1 s t guar. g. 5 s ......................... 1937 102% 103
E ast. M inn., 1 s t div. 1st 5 s. 1908 104 105
San Fran. & N. P .— 1st, g .f 5 s.19 19 *94
South C arolin a—2d, 6 s...........19 3 1
Incom e, 6 s...............................19 3 1 *10
So. P ac. Coast— 1 s t, g u a r.,4 s. 1937
Ter.R R .A s’n of S t.L .-lst,4 % s.l9 3 9 *98%
T e x a s C en tral— 1st, s. f., 7 s . . .1909
1 s t m ortgage, 7 s .................... 1 9 1 1
T e x a s & N e w O rleans— 1st,7 s. 1905
Sabine D ivision, 1st, 6 s....... 19 12
Third A ven u e (N.Y).— 1 s t 5s, 1937 1 12
112 %
Tol. A. A . & Cad.— 6 s.................19 1 7 104 104%
Toledo A . A. & G ’ d T r.— g. 63.1921 1 1 5
Tol. A. A . & Mt. P L — 6 s...........19 19
103
Tol. A. A. & N. M.— 53, g .........1940
93
U lster & D el.— 1 st, con.,6.,5s. 1928 103%
Union Pacific— 1st, 6 s.............. 1896 105*% 10 53 4
1st, 6 s........................................ 1897 106%
1 st, 6 s....................................... 1898 108% 109
C ollateral Trust, 6 s............... 1908 100
C ollateral Trust, 5 s ...............190 7
88
97
K an sas P acitic— l s t 6s, g . .. 1895 10658 108
1st, 6s, g ................................ 1896 105%
C. B r. U. P .— F. e., 7 s ...........1895 100 106
A teh . Col. & P ac.— 1st, 6 s ... 1905
A tch . J. Co. & W — 1st, 6 s... 1905 *82
U. P. Lin. & Col.— 1 s t ,g., 5s. 1918
83
88
O re g.S .L .& U .N .,co l.trst.,5 s.l9 19
tel
83
U tah & N orth.— 1st, 7s.........1908 104
Gold, 5 s ................................. 1926
90
U tah Southern— Gen., 7 s . .. 1909 104
E x te n ., 1st, 7 s .................... 1909 103 104
V alley R ’y Co. of O.— Con. 6s. 19 2 1 * 7 5
85
W abash— D ebenture, Ser. A .. 1939
No. M issouri— 1st, 7 s ...........1895 105
106
St.L.K.C.i&N.— R .E .& R R .7S.1895 106% 107
St. Charles B r’ge— ls t ,6 s ... 1908 j 105
West. Va. C. & P itts.— 1st, 6s. 1 9 1 1
W heel.& L.E .— 1st. 5s, g o ld ... 1926 100
E xten sion & Imp, g., 5s....... 19 3 0 1 93%

F o r J l i a c e i l a a e o u s & U n l i s t e d R o a d s — See 3d cage preceding. J

THE CHRON LCJLE.

J anuaky 28, 1893.J

R o a d s.

J tn jje stm je H t

% n X t llx Q t n c z .

T he I n v e s t o r s ’ S u p p l e m e n t , a p a m p h l e t o f 150 p a g e s
c o n ta in s e x te n d e d ta b le s o f th e S to c k s a n d B o n d s o f R a i l ­
r o a d s , a n d o th e r C o m p a n ie s , w i t h r e m a r k s a n d s t a t i s t i c s c o n ­
c e r n in g th e in c o m e , f in a n c ia l s t a t u s , e tc ., o f e a ch C o m p a n y .
I t is p u b lis h e d o n th e l a s t S a t u r d a y o f e v e r y o th e r m o n th —
v i z ., J a n u a r y , M a r c h , M a y , J u l y , S e p te m b e r a n d N o v e m b e r ,
and is f u r n is h e d w i th o u t e x t r a c h a r g e to a l l r e g u la r su b ­
s c r ib e r s o f th e C h r o n i c l e .
T he G e n e r a l (Q u o ta tio n s o f S to c k s a n d B o n d s , o c c u p y in g
H x p a g e s o f th e C h r o n i c l e , a r e p u b l i s h e d o n th e t h i r d
S a tu r d a y o f e a ch m o n th .

"

RAILROAD EARNINGS.
R oads .

L a te st E a r n in g s R eported
Week o r Mo

1892-3.

A lleghen y V a l.. D ecem b er 224,813
A t oh T .A S . F e. 2d w k Jan. 640,126
St. L. & San F. 2d w k Jan. 144.144
38,341
Col. M id lau d .. |2d w k Jan.
A gg. t o t a l... ;2d wk Jan. 822,611
A tla n ta & C lia r.a October. ..
8 1,16 4
11,250
A tla n ta A F lor’a November.
30,436
A tla n ta A W .P t. IA u gu st__
B .A O .E astLm es[ December. 1,671,481
W estern Lines December. 570,728
T o ta l............ Decem ber. 2.242,209
45,664
Bal.&O .Southw .|3d w k Jan.
4.841
B a th & I I a m ’nds jNovember.
Bir. A A tla n tic .. IDecember.
3,358
23,014
B ir.S h .A T en u .R Novem ber.
39,758
B rooklyn E le v .. 2d w k Jan.
B uff.R ocb. A P itt 3d wk Jan
4 7,058
B ur.C .R ap. A N Decem ber. 413.355
37.603
Camden A A t l.. November.
Canadian Pacific 3d wk Jan. 324,000
2,732
Car.C um .G A Cb. October. ..
5 ,1 1 4
Car. M id lan d .... Decem ber.
C e n tra l o f Q a ... Septem b’r. 6S8.521
C en tral o f N. J .. Novem ber. 1,109,786
Central P a cific.. O ctober. .. 1,399,907
7,5 14
C en tral of S. C .. October. ..
Char.Cin.A Chic. Decem ber.
12,939
44,244
C h a ile st’ nASav Novem ber,
13.000
Char.Sum. A No. Decem ber.
C h era w .A D a rl.. Novem ber.
6,871
C h e ra w .A S alisb O ctober. ..
2.127
Ches. A O hio__ 3d wk Jan. 150,472
Clies. O. A .S .W . 3 w ks Dec. 149,436
Chic. Bur. A No. Novem ber. 187,210
Chic. Bur. A Q .. November. 3,522.902
C h ic.A E ast. 111. 3d w k Jan,
91,700
C h icago A Erie. Novem ber. 245,786
Chic. G t. W est’ n 2d w k Jan.
69,009
C h ic.M il.A S t.P . 3d w k Jan. 588,920
Chic. A N ’th w ’ n. Decem ber. 2,661,657
Chic. Peo. A 8. L. b 2d w k Jan.
25,143
C h ic. R ’k I. A P . . Decem ber. 1,538,166
Chic. St. P. M. AO. November. 965,394
Chic. A W. Mich. 3d w k Jan.
30,466
Cin. G a. A Ports. Decem ber.
5,685
Cin. Ja ck A Mac. 3d w k Jan.
9,673
C in.N . O. A T . P. 2d w k Jan.
61,736
A la . Gt. South. 2d wk Jan.
31.303
N. Orl. A N. E. 2d wk Jan.
28,692
A la . A Vicksb. 2d wk Jau.
11,023
V icks. Sh. A P 2d w k Jan.
10,130
E rla n ger Syst, 2d wk Jan. 142,884
Cinn. N orthw ’ n. Decem ber.
1,663
Cin. Ports. A V.. December.
2 1,9 71
Col. A M aysv. December.
1,17 6
C lev. Akron ACo. 2d w k Jan.
17,049
Clev. Can. A So November.
74,406
Cl. Cin. Ch.AS.L. 2d w k Jan. 204,805
Peo. A E a s t’n. 2d w k Jan.
27,438
Clev. A M arietta Decem ber.
32.304
Col. H .V . A Tol. December. 297,823
Col.Shaw neeAH 2d wk Jan
14,028
C olu sa A L a k e .. December.
2,092
Conn. R iv e r....... November. 102,546
C u rren t R iv e r.. 2d w k Jau.
1,694
D en v. A Rio Gr 3d w k Jan. 161,900
Des. M. No. A W. Decem ber.
33,387
D et.BayC.AA .lp Decem ber.
25.5C0
D e t.L an s’gANo 3d w k Jan.
20.271
DuluthS.STAAtl. 2d w k Jau.
36,966
D u lu th c Winn Septem b’r.
fe
10,149
E .T en n .V a.A Ga 2d wk Jan. 109,951
E lgin .J o l.A E a st Decem ber.
77,980
E v a n s A Ind’ plis 3d w k Jan.
6,747
E va n s. A Rich. 3d w k Jan.
1,4 19
E van av. A T. II. 3d w k Jan.
22,314
F itch bu rg
November. 641,724
F lin t A P.M arq.. 2d wk Jan.
45,434
F loren ce............. October. ..
5,048
F t. W. A Rio Gr. Decem ber.
35,463
Ga. C ar’ia A No. October. ..
42,502
G eorgia R R ....... Novem ber.
149,761
Geo. So. A F la ... Decem ber.
83,848
G eorget’ n A W’n October. ..
3.223
G r.R a p .A In d ... 3d wk Jan.
4 1,6 10
Cin. R. A Ft. W. 3d w k Jan.
6,653
O ther lin es__ 3d wk Jan.
4,000
T o ta l all lines. 3d w k Jan.
52,263
G ran d T ru n k __ Wk Jan. 21 325,249
Chic. A Gr. Tr. Wk J a n .14
64,538
D et.G r.H .A M. Wk J a n .14
18,3 13
G r e a t N orth’n—
St. P. M. A M. Decem ber. 1,342,799
E ast, of Minn December. 136,282
M ontana Cent December.,
96,655

1891-2.

J a n . 1 to L a te st Date.
1892-3.

1891-2.

3
2,636,697
1,254,8*7
280,245
70,812
1,605,885
600,265

2,548,795
203,558
1,160,623
595,004
261,355
134.188
70,197
37,016
1,492,476
766,208
6 73,112
80,197
13.309
271,0 78
283,395
32,789
-.660,747 19,785,919 19,210,414
581,596 6,295,296 5,734,768
1,242,344 26,081,214 24,945,182
142,257
46,284
133,728
31,242
25,529
3 ,161
4 1,2 2 1
3,257
50,169
223,( 9 1
192,680
20.167
74,943
71,060
38,029
160.472
53,491
128,950
4,354,790 3,886,340
394,957
767,841
7 6 1,170
40,049
347,000 1,080,000 1,134,000
22,672
4,062
37,0*8
63,443
64,291
5,307
1,221,471
1,673,863
10,675
14,681
55,852
13,10 5
8,840
3,586
179,504
141,6 0 1
221,100
3 ,5 4 1,110
80,300
255,939
74,229
549,913
2,585,817
2 1,518
1,482,967
831,445
24,882
5,336
11.2 3 5
63,959
29.957
20,504
11,4 5 6
8,837
13 4 ,713
1,740
21,010
953
17,338
60,055
249,418
30.958
30,508
285,753
12,706
1,567
94,834
1,279
168,500
33,825
22,100
18,365
3 0 ,116
5,652
106,706
7 7 ,12 2
5,702
1 ,1 7 5
21,558
605,632
58,093
5,494
33,585
24,569
159,728
75,363
3,386
38,467
7,381
3,418
49,266
338,190
71,3 3 3
19,022

L a te st E a rm n g a R eported,
Week or Mo\ 1892-3.

AND

Bailroad

lbl

13,018, ,564
12,434,,711
78, 186
148, 339
542,,609
149,,501
72,,736
15, ,192
455,,479
2,196, ,604
2,007,,081
36,868,,125
250,,121
2,544,,841
143, 937
1,78 1, ,047
32,770,,963
52, 278
18,500,,807
8,360,,823
85, 297
70,,469
31, ,652
124,,830
62,,605
55,,264
21, ,112
19,,617
283,,458
20,,707
260.,688
14,,264
35,,390
826,,496
434, ,267
54,,368
337, 638
3,370,,002
27, ,626
29,,718
1,105, ,300
3,,987
497, ,200
410, ,765
250,,391
60,,510
96,,478
89,,438
215, ,971
853, ,368
18,,445

13,046,359
14,103,671
84,339
162,363
665,782
137,664
95,506
21,067
51^,720
2,277,836
1,998,783
31,827,897
224,199
2,443,318
151,509
1.669,787
29,314,072
41,479
16,842,465
7,232.949
74,688
68,740
34,858
126,271
59,018
41,008
24,845
22,754
273,896
2 1,55 1
247,352
12,546
31,655
662,720
492,181
60,823
347,863
3,293,925
22,911
27,952
1,0 2 3 ,j 88
2,667
442,300
340,494
317,644
51,826
82,860
54,297
215,836
728,682
17,30 1

65,549
6,900,191
97,798
31,397
386,926
206,162
1,357,205
774,752
36,687
121,2 9 6
20,722
10,627
152,645
988,681
131,38 2
37,541

59,014
6,476,283
109,085
36,295
330,238
112,736
1,649,061
760,070
34,300
112,2 6 1
2 1,516
9,524
143,301
1.013.756
148,441
38,914

1,289,386 13,670,698 11,7 11,7 8 8
114,960 1,3 13 ,4 74 1,17 9 ,12 9
112,4 3 4 1,191,9 0 3 1.282.756

Gr.N or.—G'on.) Tot. system .' Decem ber.
G .B a y W. A S t.P . November.
G u lf A Chicago. Decem ber.
H oos.Tun.A W il November.
H um est’ nASlien December.
Hutch. A South’ n Decem ber.
Illinois C en tral. December.
Ind.D ee A West. December.
In .A G t. N orth’ n 3d wk Jan.
tlnteroe. (Mex.) Wk Dec. 24
Iow a C en tra l.. 3d wk Jan.
Iron R a ilw a y. Decem ber.
Jack. T. A K. W. November.
Florida South November.
Total system . Decem ber.
K an aw h a A Mich 3d wk Jan.
Kan O. Cl. A Sp. 2d wk Jau.
K .C .F .S .A M em . 2d w k Jan.
K.C.M em .A Bir. 2d wk Jan.
K a .C N ev A F t.S October. ..
Kan.O. Sub. Be It November.
K . C. W A Gulf. December.
Kan.C.W y.AN W Decem ber.
K eokuk A West. 2d w k Jau.
L . E rie All. A So. December.
L. E rie A W est.. 3d wk Jan.
Lehigh A H u d .. Decem ber.
Lehigh V a lle y .. O c t o b e r ...
L. Rock A M em .. 2d w k Sep.
Long Islan d __ 3d w k Jan.
L o uis.A Mo.Riv. O c to b e r ...
L o u is.E v.A S t.L . 3d w k Jan.
Louisv.A N ashv. 3d w k Jau.
Louis.N. A. A Ch. 3d w k J a r.
L o u .S t.L .A T e x . 2d w k Jan.
M anistique........ December.
Mar. A Nor. Ga. October. ..
M emphis A Chas. 2d w k Jan.
1M exican Cent. 3d wk Jan.
KMex. N ational. 3d wk Jan.
\ M exican R ’ w ay Wk D ec.31
M ilw aukee A No 3d wk Jan.
M ineral R ange. December.
Mill neap. A S t.L . Decem ber.
M. St.P. AS.8.M . 2d wk Jan.
Mo. Kan. A T e x .. 3d w k Jan.
M o.Pac.AJronM 3d w k Jan.
Mobile A B iru i. December.
Mobile A O hio.. Decem ber.
Nash. Ch. A S t.L. Decem ber
N Jersey A N .Y . October. ..
N ew O rl.A S o’ n .. December.
N.
Y .C .A Decem ber.
H .R N. Y . L. E A W . December.
N .Y .P a .& O liio .. N ovem ber
N. Y .A N .E n g ... Septem b’r.
N .Y .A N orth’n .. December.
N. Y . Out, A W .. 3d w k Jan.
N .Y Susq. A W .. November.
N orf. A South’ n Novem ber.
N orfolk A West. 3d w k Jan.
N’tlieast’n (S.C.) O ctober. ..
N orth’n Central. December.
N orthern Pacific 3d w k Jan.
Wis. Ct. Lines. 3d w k .Ian.
N .P .A VV.Cent. 3d w k Jan.
T
Ohio A Miss....... Decem ber.
Ohio R iv e r ......... 2d wk Jan.
Ohio S outhern .. Decem ber.
O m aha A St. L .. November.
Oregon Imp. Co. November.
Pad.Tenn. A A la. Decem ber.
P ecos V al le y — Decem ber.
P e n n sy lv a n ia ... Decem ber.
P eoriaD ec.A E v. 3d w k Jan.
P etersb u rg......... November.
Phila. A E r ie ... November.
Phila. A Read’g. Decem ber.
Coal A ir . Co.c. December.
Total both Cos. December.
Lehigh Valley. October. ..
Pitts. Mar. A Ch. Decem ber.
P itt.S h en .A L .E . December.
P itts. A W est.sys 3d w k Jan.
P itt. Young. A A . Decem ber.
P t. R o v a lA A u g . O ctober ..
Pt. Roy. AW .Car. O c to b e r ...
P res.A A n z.C en . .J u ly ..........
Q uincy O A K .d . Decem ber.
Rich. A Dan. ays. ‘J u ly ...........
Rich. A Pefcersb. November.
Rio Gr. South’ n. 3d wk Jan.
Rio Gr. W est’ n.. •d wk Jau.
Sag.Tuscola& H . December.
S tL .A .A T .H .B ’s 2d wk Jan.
S t.L .K en ’ etASo. December.
St. L.Southw ’r n . 3d wk Jan.
St. Paul A Dul’ th December.
S. Frau. A N.Pac. 2d wk Jan.
Sandersv. A Ten. December.
San Ant. A A. P. Decem ber.
Sav. Am . A Mon. November.
S av.F la. A West. A u gu st—
S ilv e ito n ............ December.
Sioux C ity A No. December.
South Bound__ December.
South Carolina.. December.
So. P acific Co.—
G a l.H ar.A S .A Novem ber.
L ouis’a W est.. November.
M organ’sLAT. No\ ernoer.
N .Y.T. A M ex. November.
T ex. A N . O r l.. N ovem ber
A tla n tic sys.rf. Novem ber.
P acific system November.
To tal of a l l .. November.
CoastDiv(CaL) October. ..
S ou .D iv. (Cal.) October. ..
A rizon a D iv .. October. ..
N e w M e x.D iv. October. ..
Spar. Uu. A Col. October. ..
Stateu Isl. R. T. Decem ber.
S ton yC l.A C M t.. November.
Summ it Branch. (November.
L yken s V alley N ovem ber.
T o t’ l both Co’ s1Decem ber.

1891-2.

j

J a n . 1 to L a te st Date
18924)7

1891-2.

$
*
I
1,575,736 1,516 ,779 16 ,176,0 71 14 ,173,6 73
42,469
39,614
3,902
36,883
4,915
44,100
2,905
31,291
2,542
22,577
15.000
15 ,18 7
148,300
17 1,12 8
6,215
5,747
93.072
73,708
1,787,901 1,830,787 19,291.699 18.736,906
43,915
59,727 495f3ts3
495,593
74,193
55,652
245,265
187,103
41,600
32,090
37,581
49.604
101,964
130,862
4.071
3,221 j
37,513
31,589
74,797
66,5911
56,301
68,495
176,473 15 1,4 5 6
5,502
4,766
16,566
15,699
3,949
10,320
5,565
7,7 13
86,211
loo.oio
! 39,187
175,435
2 1,3 15
47,779
25,597
43,410
9,742
6,435
15.400
15,907
339,442
30,037
27,605
305,083
14,2 42
6,451
8,640
17,279
6,659
83,599
7,867
75,094
54,896
64,070
175,301
188,887
28,471
41.525
472,528
406,040
1,828,626 1,80 1.727
372,755
7,656
1 5 ,19 1
439,015
56 642
16 5 ,C04
56,223
179,788
50,356
52,440
3 9 7 .116
399,368
35,932
14,237
103,769
42,892
386,810 331,060 1,226,315 1,0 29 ,715
42,482
130,726
43,064
130,961
11,10 4
22,760
12,258
2 3 ,17 1
12,644
4,353
85,778
121,0 45
17,285
22,693
59,207
3 1,2 15
48,771
403,191
147.875 147,683
396,815
2 73 ,0 11
70,866
88,478
212,880
66,247 3.054,424 3,940,778
60,137
78 ,177
26,341
26.333
77,746
12,315
129,163
9,538
146,038
180.935 155,404 2,023,804 1,822,846
108,836
52,325
56,834
101,734
49 9 .117
163.818 142,283
437,585
426,000 1,377,000 1,294,000
470,0C0
33,599
31,748
3 21,931 340,663 3,328.930 3,506,233
449,411 434,689 5,156.572 4,739,442
271,677
26,678
28.240
243,669
148.150
19.263
20.629
173,403
3,815 89h 1,050.979 45,590,888 44,264,061
2,539,137 2,641,562 30,942,925 30,685,633
621 291 593,078
4,539,636 4,619,930
574,42^
51.526
35,371
509,660
46,839
16 1 ,8 1 1
55,556
133,421
149.819 143,792 1,595,362 1,521,4 93
393,030
35,919
471,8 4 1
162,021 153,692
492,087
5 11,4 4 2
44,702
59,750
605,759
636,618 613,598 7 ,19 1,2 9 1 6,820,569
921,845
298,709 313,560
961,302
254,546
68,074
82,233
241,923
366,783 395,793 1,176 ,3 9 1 1,203,225
350,378 378,008 4,172,9 48 4,217,288
25,350
11,825
11,263
22,526
668,457
82,828
60.038
590,241
523,684
49,996
49,678
454,262
307,746 385,993 3,594,138 3,958.577
24.400
6,035
123,738
8,216
12.000
57,780
5,796,829 68,841,845 67,426,841
5,934.923
48,610
17 ,17 4
16,808
45,094
493,374
38,551
38,927
478.350
4/2,503 429,331 4,855,812 4,782,504
1,968,367 1,881,522 23,073,091 22,049,212
3,317,735 1,784,423
5,286,102 3,665,945
1,828,626 1,801,727
40,434
3,396
3,505
44,616
394,131
32,322
3 1,579
336,706
33,441
91,068
29,295
100,324
92,546
91,358 1,441,828 1,299,097
194,442
29,981
25,073
303,320
228,744
36,280
33,958
326,767
74,496
16,830
13,099
75,016
272,987
24,127
21,014
262,626
947,430 1,107,020 6,986,98b 7,705,829
325,688
25,204
28,094
303.101
42,05b
10,565
13,850
28,538
97,750
33,900
36,500
97,450
124,122
8,783
9,553
106,783
54,928
26,730
28,510
49,560
35,386
2,920
3,049
25,857
293,200
85,200
75,000
232,900
185,665 141,282 2,130,083 1,829,761
25,585
10.039
12,180
19,303
7,054
821
615
8,718
173,035 113 ,0 17
481,034
41,745
50,553
458,083
19 1,12 7
176,101
8 ,174
105,058
I 2 i ‘, 6 i i
13,500
492,692
41,767
55.000
447,326
204,420
22.000
119 ,5 75 129,964 1,338,258 1,648,470
468. ,590 425,,689 4,171,63 9 4.130,584
984,606
956,808
124 ,187 121. ,631
740. ,455 699.,903 4,990,997 5,082,909
232,302
217,029
29, ,330
28 293
162 929 165 ,431 1,536,737 1,523,353
1,549 ,834 ,471 ,616 12,050,647 12,0-18,017
2.937 ,872 3 ,296 ,352 32,835,605 34,267,513
4,487 ,706 4 ,767,,908 44,S86,252 46,315,535
196, ,991 227,,010. 1,891,025 1,967,975
785, 269 709,,871 6,650,153, 5,637,833
203, ,841 223, 703 1,6 3 9 ,4 11 1,6 3 1,4 15
878,046
95i 187 106, 5941 837,824
93,049
110,374
iO, 994
12, 180
63 894' 1,056,633 1,035,597
65, 654'
52,383
57,282
1, 060'
2, ,0871
123, 154 105, 602' 1,209,446 1.176 ,332
859,429
985,574
82, 368
90, 278
203, 370 196. 037 2.398,390 2.232,296

THE

16 2
ROADS.

L a test E a r n in g s R eported.
Week o r M o

1892-3.

1891-2.

$
S
I
22.574
20,000;
1 1 5 ,13 7
129,183
5,008
5 ,12 7
18.509
24,721
28,409
31.7741
18,831
18,434
22.428
10,727
39.721
33,5-8
1.962
1,810
23,322
31,302

Tenn. M idlan d.. [Re comber.
T e x a s & Pacific. 34 wk J m.
T e x S .val& N .W December.
Tol. A. A & V M ’Sd w k Jan.
Tol.& O tiiof'en t tjsd wk Jan.
T o l.& O .C en E x i iSeptemlj’ i-.
Tol. P. & W est.. 9d wk J hd.
T o l.S t. L.di K .C . '3d wk Jan.
Tol. & So H wren Decem ber.
U lster & D el
November.
Union Pacific—
Or.S.L. * U. N November. 653,780
O r.R y & N .r o . N ovem ber. 521,479
U .P a c .l) . & « . November. 545.92
31,600
S t.Jo.A G d.U l i Id w k an.
A ll other lin es.1Novem ber 2,2 0,492
4,076,570
T o t.U .P S js . November.
Cent B r .d L .L . Novem ber. 108,710
Tot. con t’led November, j 4,185,280
93.389
M ontana U n .. November.)
2,741
L eav. Top. A S . November.
3,775
M an .A l.& B u r. Novem ber.
99,90*
J o in tly owned N ovenv er.
G rand total. November. 4,235.233
16,388
V erm ont V a lley November.
229,700
W ab a sh .............. 3d w k .Tan.
126,270
W est Je rsey ....... November.
94,594
W .V .C en .A Pitts Decem ber.
38,716
W est V a & Pitts. October. ..
84,158
W est. M aryland. Decem ber.
60,600
W est. N. V. & P a 2d w k J »u.
20,129
Wheel. & L Erie <d w k Jan.
83.850
Wil. Col. & A il" October. ..
6,000
W righ tsv.& T en . Decem ber.

656,423
573,305
5 71,74 3
23,500
2,315.318
4,228,729
105,589
4,314,298;
78,752
2 ,67.
2,8484,272
4,376,434
I d ,335
259,100
111,8 0 2
97,838
24.045
71.200
59,100
20,023
95,860
6,289

CHRONICLE,

J a n . 1 to L a te s t Date.

Si
191.222
398.335
5 1.3 18
72.865
103,490

$
210 .14 3
3 51.5 9
48.185
50.832
92.103

35,35 b
10 5.16 4
25,930
391,784

4i*,«85
110.1 5 1
27,033
360,606

0,626.428
4.135,371
5 ,379.312
76,509

9 97,551
30,e87
37,877
1,0 66,118
LI,306.194
186,02s
697,500
1 ,621,18b
1,097,393
230,940

6,913,061
5,274,528
5,303,780
76,343
20,746,030
39,116 ,38 4
773,9 18
39,890,302
665,245
27,376
33,003
3 1 ,1 2 1
10 .255,861
173.865
767,200
1 ,5 19 .1 3 7
1,114 ,0 76
160,921

122,800
70,095
652,848
69,489

1 1 1 . - 00
65,947
773.902
81.998

Latest Gross Earnings by Weeks.—The la t e s t w e e k l y
e a r n in g s i n t h e f o r e g o in g t a b le a r e s e p a r a t e ly s u m m e d u p a s
f o l lo w s :
On the 17 roads which have thus far made returns for the
third week of January the gain i3 3-03 per cent in the aggre­
gate.

B a lt. A Ohio Sou thw est.
Buffalo Koch. *v m irth ...
Canadian P a cific..............
Chesapeake A O hio.........
ChieaEO A East. Illinois..
Chicago M ilw. & St. Paul.
Chicago & W est Michigan
CiD .Jackson & M ackinaw
D e n v er A Rio G r a n d e ...
D etroit Lan sin g & North.
D uluth 8. S- cV A tla n tic ...
E va n sv . A Richm ond---E v a n sv . A Ind ian apolis..
E va n sv. A T erre H au te.
Grand Rapids A Indian.#.
C incin n ati R. & F t. W ..
O th e rlin e s.......................
Grand Truu k o f C an ad a..
Intern'] A (it. Nortb’ n ...
Io w a C en tral....................
K a n a w h a A M ichigan __
L a k e E rie A W estern__
Long Isla n d .......................
L ouisv. E va n s. A 8t. L ..
Louis, y . .Alb. & Chicago.
L ouisville A N a sh v ille ...
M exican c e n t r a l..............
M exican N ation al............
M ilw aukee A N orth ern ..
Mo. K an sas & T e x a s .......
Mo. P acific A Iron Mt__
N ew Y o rk Out. A West’n.
N orfolk A W estern..........
N orthern P a c itic..............
W isconsin C e n tra l.......
P eoria Dec. A E v a n s v ...
P ittsb u rg & W estern .......
R io Grande Sou thern __
R io G rande W estern___
St. Joseph A Gd. Isla n d ..
St. Louis & Southw est’n.
T e x a s A Pacitic................
Tol. Ann A. A N. M ich...
Toledo A Ohio C e n tra l...
Toledo St. L. A K an.City.
W abash...............................
W heeling & L a k e E rie ...

1893.

1892.

$
45.661
47.058
321,000
15 0 ,47v
9 1,700
58-3.920
30.4H6
9,673
161,900
20,271
36.966
1.4 19
6,747
22.314
4 1 610
6,653
4,000
325,219
74.193
3 7,581
5.502
54,896
56,223
35,932
43.064
388.810
147,875
88,178
2 p,3 11
163,818
470.000
55.556
162,021
298,709
68.074
1 7 ,1 7 4
29,295
13,850
33,900
31,600
85,200
129 ,183
24,721
3 1,774
33,588
229,700
20,129

$
46.284
53,491
3 17.0 10
179.50*
80.30
549.913
24,882
11.2 3 5
168.500
18,365
3 0 .116
1 ,1 7 5
5,702
21.558
38.467
7,331
3.4 LS
338,190
55,652
49.604
4, /66
64,070
56,612
14,237
42,432
33L.060
117,6 83
70,866
26,333
142,283
426,000
46.839
153,692
313,560
82,233
16,308
33,441
10,565
36.500
23,500
75,000
1 1 5 ,1 3 7
18,509
23,409
3 9 ,7 11
259,400
20,023

2 d w eek o f J a n u a r y .

1891-2.

1392 3.

a F igu res cover only th at p art o f m ileage loca ted in South C arolina.
5 E arn in g s given are on w hole J a ckson ville S outheastern S ystem .
e The business o f the Lebigh V a lley d ep artm en t Is Included Iu 1892.
d Includes earnings from ferries, etc., n o t giv en sep a ra tely . JM exican
ourrenev
e Tol. Col. A Cin. in clu d ed fo r th e w eek and sin ce J a n . 1 in
Doth years.

3 d w eek o f J a n u a r y .

[ Y o u LA I.

In crea se.
$

Decrease.
$

11.400
39,00 7
5,584
1.906
6,850
244
1,045
756
3,143
........

582

18 ,54 1
736
21,695
582
55,75t
192
17 ,6 12
8
21,535
44.000
8 ,7 .7
8,329
366
3,285
8,100
10,200
14,046
6,212
3,365

6 20
6,433
23,000
29,032

1,562
6,600

723
12 ,9 4 1
12,023
9 ,174
419

14 ,8 5 1
14 .15 9
4.14 6

E ast T en n essee V a. A GaE va n sv . A Richm ond---F lin t A Pere M arq u ette..
K anaw na A M ichigan —
Kansas C ity Clin. A S p r..
Kan. C ity F t. 8. A Mem..
Kansas C. Mem. A B irin .
Keokuk A W estern ..........
Louis. N. A lb a n y A Chic.
Louisville St. L. A T e x a s.
Memphis A C h a rle sto n ...
Minn. St. P. A S . S. M ....
Ouio R iver..........................
St. L. A lt. A T. H. B r’ches
San Francisco A No. Pac.
Toledo P eoria A W est’ n ..
W estern N. Y. A P e n u ...
T o ta l (79 road s)..
N et in crease (2*60 p. c.)

1893.

1892.

*
109.951
1,29 •
45.434
5 ,7 2 -J
5,565
100.010
25.597
6.95 1
43,990
11,10 4
3 1,2 15
56,831
11.9 2 5
28,510
12.1316 ,7 2 7
60,600

*
103.706
1.216
58.093
5,371)
3.949
86.211
2 1.3 15
8,640
43,310
12,25^
2 2,i9 3
52,325
11,2 6 1
26,730
10,039
2 2,42 *
<
53,100

6,831,379

6,659,077

In crea se.
$
3,245
83
356
1.6 16
13,799
4,232
. . . . --

650

8.522
4,50!)
562
1.783
2 .141
1,500
48 0 ,311
172 ,8 9 1

Decrease.
i
12 ,6 5 9
_______

1,639
1 ,1 5 4

5 ,70 1
30 7,510

Net Earnings Monthly to Latest Dates.—
The table fol­
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n i c l e of January 21. The next will appear in the
issue of February 13.
Dross E a r n in g s .-— .,-----Wet E a r n in g s .-1S91*
1S92.
1892.
18 9 1.
S
$
$
$
R nads
66,590
55,986
1 8 3 ,7 1 1
1 8 3 ,3 13
[o v a c e n t r a l.........lt.Ueo.
540,626
510,666
,924,395 1,803,896
Jan. 1 to Dee. 3 1 __
3 16 ,4 7 7
313,288
,047,934 1,0 2 6 ,119
J u ly 1 to Dee. 3 1 ---29,748
32,670
66,591
74 ,79 7
Jack. T am .& K . West.. N ov.
23,931
19,9 6 7
68,495
56,30 1
F lorida South’n
N ew
53,709
52,638
135,086
131,0 98
T o ta l system ...... Nov.
§303,464
N .Y .L .E .& W estern.cD ee. 2 ,53 9 ,137 2 ,0 11.5 6 2 §326,126
Jan. 1 to Dee. 3 1 . ...S O ,942.925 30.6S5.633 §9,816,195 S9,991,328
j2 ,712.419O ct. 1 to Deo. 3 1 . . . . 7,SsO ,873 8,lfc9,732 §2,733,913
8,905
N orthern C e n tra l. b.D ec.
636,618
613,593
173,9 65
Jan. 1 to Dee. 3 1 . . . . 7 .19 1,2 9 1 6,820,5o9 2,078,931 1,903,347
Penn, (east P . & E .).. Deo. 5,934.923 5.796,820 1,530 ,676 1,562.70 3
Jan. 1 to Dee 3 L ....6 8 ,8 4 1 ,3 15 6 7,42 6 ,311 20,022,483 2 1,4/9,39 6
Lines w e st R. & E. .D ee.
In c.
49,975
D e c.
51,36 6
Jan . 1 to DSc. 3 1 __
Inc .2.999,942
D e e . 187.10 2
Pliila. & R e a d m ? ....D e c . 1,96 3.30 7 1,8 8 1,52 2
910.935
907,631
Jan. 1 to D ec. 3 1 ....2 3 ,0 7 3 ,0 9 1 22,0 19,212 10,504.424 1 0 ,19 9 ,6 16
72 ,3 24
Coal & Iron Co.*__Dec. 3 ,3 17 ,73 5 1,78 4,423
93,303
930,00S
T otal b oth Co’s.* ... Deo. 5,280,102 3 ,665,915 1,0 16,233
Sum m it B ra n ch —
T otal both C V s ..D e e .
203.370 196,037
Ja n . 1 to Dec. 3 1 .. 2,393,390 2,232,296
Tenn. Coal, I. & R B .tD ee............................................
F eb. 1 to Dee. 3 1 .................................................

1 1,«93
150,427
94,600
855,900

d ef.6.479
20.130

a Net- earn in gs h ere giv en are a fte r d eductin g tax e s.
b N et earnin gs here given are before d ed u ctin g tax e s.
c N et earnin gs are here giv en a fte r d ed u ctin g ta x e s on property.
§ A fte r d ed u ctin g proportion duo roads operated on a p ercen tage
basis, n et iu D ecem ber, 1802. w as $592,213, a g a in st 3560,738 in 1803,
Jan uary 1 to D ecem ber 3 1 , $ 7 ,18 3 ,195 , a gain st $7,387,459, and O cto­
ber l to D ecem ber 3 1, $ 2 .0 11,7 16 . a gain st $1,995,477.
* The business ot th e Lehigh V alley departm ent, is included in 1392,
t B essem er D iv i-io u included from F e b iu a ry 1 and C'ahaba D iiisio n
from D ecem ber 1.

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &e., with the surplus or deficit
above or below those charges.
R o a d s.
Tenn. Coal I. A R R ./ .D e c .
Feb. 1 to Dec. 3 1 J—

- In te r ’t, re n ta ls . &c1892.
18 9 1.
$
$
60,300
.........

- B id . o f R e t B a r n s .18921
18 9 1.
$
$
34.300
...........
433,3u0
...........

l Tliis in clu d es sin ce J u ly 1 th e C aliab a D ivision and from F eb ru ary
1 the Bessem er D ivision.

2,600

ANNUAL REPORTS.
6,123
29, <00

South Carolina Railroad.
O c t. 31, 1892.,!
4,770,269 4,630,486
313,894
1 7 4 ,1 1 1
The receiver of this road, Mr. D. H. Chamberlain of New
N et i n crease (3*02 p.c.)
139,733
York, has filed his annual report for the year ending Oct. 31
For the second week of January we have bad returns alto­ last. His remarks are condensed in the Cnarleston N e w s a n d
gether from 79 roads and these show 2*60 per cent gain in the C o u r ie r , and he states that the most prominent fact which
appears in the history of the year is the great falling off
aggregate.
in the gross earnings, this falling off reaching the startling
amount of $373,490 during the year. The falling off began to
2 d w eek o f J a n u a r y .
1893.
18-92.
In crea se. D ecreast.
be serious in December 1891, and during that month amounted
$
$
to §20,366, the average price of cotton for that month being
P rev io u sly rep ’d (46 r ’ds) 4,919,857
367,330
230,381 •07 3-16 cents, and for the four succeeding months about -06>£
A tch .T o p . & ban. F e -^ye.
640,126
4 t,122
cents.
St. L ouis A S .m F r. Sys.
14 4 ,14 4
Colorado M id la n d __
38,341
3 7,0 16
From the Auditor’s report of monthly earnings the decrease^
{y y ' Vy»«n A Grand TrunK ..
64.538
71,3 3 3
6,795 may be seen from month to month. In January of the
2 1,518
Funded coup., 5&. fit-.k ou*8•
^5,143
present year (1892) the decrease was §63,000, the largest de­
13 4 ,7 13
Buff'. A S. W .-M o rtg . 6 s . . . .190 14 2,8 8 4
crease during the year; the next largest loss being in
17,338
'" '2 8 9
Jefferson— 1st, gu. g. 5s - -••190 $17,0 49
249,418
44 ,613 October of the past year, §54,000, and in September $43,000.
Coal & R R .- 6 S ........................192204,805
30,958
3,520
E are k a Springs— 1st, g., 6 s ... 193327,438
The receiver states that as the result of the sudden and ex­
* 1 ,3 2 2
12,706
E^ane. A T .H .— 1st,co n s.,6 s.. 1921 a *»g28
treme fall in the price of cotton a general paralysis of railway
1,2 79
4 15
1st, general, g., 5 s .................1 9 4 2 1 9 3 1 3
19,022
709 business ensued. This has been especially apparent in the
.............
106

nn
"m

* No price Fridav; these are t n e “

*

C F or th e y e a r e n d in g

THE

J anuary 38, 1898.]

CHRONICLE.

movement of fertilizers manufactured in Charleston and of
materials for such manufacture at inland points. The low
price of cotton made it impossible for planters to procure their
usual supplies of iertilizers, while at the same time passenger
and freight bu-iness of alt kinds rapidly diminished.
Two other causes, he remarks, operated simuhaneously with
the depression in the price of cotton to diminish the revenues
of the railway—(l)ih e completion of the South-Bound Rail­
road from Columbia to Savannah, and (2) the extension of the
Carolina Midland Railroad fio n Barnweil to Allendale. By
the former road the Soutli Carolina Railway is in general
paralleled from Columbia towards Savannah for a distance of
sixty to seventy miles. The result has been the loss to the
South Carolina Railway of large amonnts of freight through­
out the territory traversed by the South-Bound Railroad, this
region having been heretofore the source of the heaviest rev­
enues to liie S outh Carolina Railway from carrying cotton.
Still, the receiver remarks that by far the greater part—
probably tw o-thirds-of the falling of off business is traceable
to the low price of cotton, resulting directly, first, in reducing
sales and shipment of fertilizers, and, second, in a small cot­
ton crop—the acreage as well as the supply of fertilizers
being largely reduced.
The receiver says that the loss resulting from new competi­
tion of the South-Bound and Carolina Midland railroads must,
of course, be regarded as permanent, but the other causes are
plainly of another nature. Since the close of the last fiscal
year, November 1, 1893, the piice of cotlon has largely ad­
vanced, and this advance has already resulted in better busi­
ness conditions for the railway. The falling off of earnings in
the month of November, 1892, as compared with the earnings
of November, 1891, is only about §20,000, and the comparative
result for the month of December, 1892, promises to be still
more favorable.
“ Under the stress of greatly diminished revenues,” the re­
ceiver says. “ all possible efforts have been made to reduce
expenses. By careful attention to the physical wants of the
road during the two previous years its condition has been
made such that large reductions have been p issible m the
item of expense for maintenance of way during tne past
year.” Thus it will be seen that the expenses for mainten­
ance of way for 1890-91 were 1250,102 and in 1891-93 only
8201,829, a reduction of §43,372. There has likewise been a
reduction during the las: year in general expenses of over
§9,000 and in expenses for maintenance of equipment of over
$10,000 and in expenses for conducting transportation of
over §125,000. Tne entire reduction in operating exp'nses
for the last year over the preceding year has been 8193.483.
The receiver continues: “ The extent of the reduction in
operating expenses during the last year is the most encourag­
ing feature of this report, and attention is called to the re­
marks, in which the receiver fully concurs, of the general
manager on this point. We are both persuaded that with a
regard to economy equal to that observed during the last year
the operating expenses can be further reduced during the next
year by from $75,000 to 8100,000. If this view be correct, and
if gross earnings should increase as it is believed they will
during the coming year, the net earnings will be restored to
the full figures ot 1890 and 1891.
Operations, earnings, expenses and charges have been as
follows :
O PER A T IO N S.

183S--9.
1889-91.
1390-31.
1891-92.
T o n s c m led one m ile
5 .',5 11,779 68,691 4 1 1 8 1 9 1 9 ,2 1 1 72,473.003
P a sseu gers carried , N o 3 '2 001
4.12,8 13
6 3 1,0 3 1
33 2,732
EA RN IN G S AND E X P E N S E S .

1338 89.

1889 90.

G ross earnim rs.................. 1,3 13 ,1 3 2
O p e ra tin g e x p e n se s......... 1,035,7.97
N et enrol ns: 8....................
P . c . oi' e x p e u r e s to e arn s.

3 12.*'.75

18 9 9 -9 1.

1.548.088
1,0 13,328

1 7 7 1 , 1 ‘’ O 1,397,969
1 ,1 7 * ,* 8 6
9*3,401

530,76 J

592.274
63'5

1 8 '1 -9 2 .

163

Delaware Lackawanna & Western Railroad.
( F o r th e y e a r e n d in g D e c. 81, 1892J
The animal report of this company consists of a brief income
account and balance sheet, issued in circular form, and the
statement of earnings and expenses, the inconap account arid*
the general balance, tor four years past, has been compiled for
the C h r o n i c l e as below :
EARNINGS AND EXPENSES.
1889.

1890.

18 9 1.

1892.
jj.

G ro ssre c’pts a ll so u rce s.3 3.217,6 22 40,688,645 41,8 49,754 48,826,233
O peratin g e x p e n s e s ....... 30,653,586 32,499.859 33,8 >4.581 37,781,880
B etterm en ts, equip., & c.
2 23,577
240.019
12 1,4 7 4
464,540
T o ta l e x p e n ses...............30 ,877,163 3 2,739 ,8 78 34,016.060 38,216,120
N et re c e ip ts....................... 7,370 ,459 7,948 ,767 7,833,689 7,979,863
INCOME ACCOUNT.
1889.

1890.

18 9 1.

1892.

N et re c e ip ts ....................... 7,370,459 7,9 H ,76 7 7.813.689 7,9 -9,8 63
In te re st aud re n ta ls......... 5,222,375 5,329,494 5,418,220 5,366,100
B alan ce, su rp lu s........... 2,148,08 a 2,620.273 2.415,463 2 ,613 .457
D ivid end s (7 per c e n t ) ... 1,831.000 1,834,000 1,834,000 1,834,000

Balance after dividends 314,084 786,273
531,4 63
779,4 57
The report shows that 9-93 per cent was earned on the stock
in 1892, against 9-21 per cent *in 1891, 10 in 1893 and 8-20 in
1889.
GENERAL BALANCE DEC. 31.
1889.
1890.
18 9 1.
1892.
A sse ts—
$
$
$
$
Road, buildings, equip­
m ent, coal lnncls, & e . ..34,804,646 34,804,646 34,804,616 24,301,646
Stocks and bonds ow ned,
c o s t................................... 5,687,090 8,739,440 8,329,966 9.4X8,531
Net cash and car. nocta.. *2,972.237 *117.2 0 3
*654 209 *334,783
M aterials, fu el, <fee........... 3.506,339 1,738,297 1,742,228 1,652,546

T o ta l.....................................................44,670,312 45,449,586 46,031,049 46,210,5
Lia bilities —
S t o c k .........................................................26.200,000 26,200,000 26,200.000 26,200.0
F u nd ed d e b t ..................... 3.67 4.000 3,667.000 3,667,000 3.067.000
Surplus a cco u n t.......................................14 ,7 9 6 ,3 12 15,582.586 16,164,049 16,943,5
T o ta l lia b ilit ie s ......... 44,670,312 45,449,586 46,031,0 49 46,210,506
* .Net b alan ce o f assets o v er liab ilities

The statement of items on both sides of the account which
jro to make up the above “net cash and current accounts” of
$654,203 in 1891 and $334,783 in 1892 are a3 follows :
18 9 1.
A c c o u n ts receivable a s f o llo w s :
$
Cash on h an d ......... ............... ................................ ..1,0 10 ,9 0 3
Coal on hand (less than m ark et v a lu e )......... -.1,4 5 1.0 7 0
A d va n ce s to leased ro a d s.................................. ..1 ,9 8 5 ,1 1 3
Advance** on coal to be delivered , & c ............ ..1,7 6 6 .2 5 5
Coal bills and sundry a ccou n ts d u e ................ ..1 ,4 7 4 ,4 7 2
Loan s and sun dry accoun ts re ce iv a b le ......... .. 938,109
T o ta l..................................................................
L e ss a cco u n ts p a y a b le , v iz .—
P a st due dividends, in terest and re n ta ls—
Del. L & W. d lv. p a ra b le Jan . ’ 92 aud 9 3 ..
R enrals payab le a fte r J a n u a ry 1 ...................
S tate tax e s p a yab le a fte r J -unary 1 ..............
D ecem ber pay-rolls, payab le in Ja n u a ry —
B on ds and m o rtgag es........................ .................
Vouchers due and payab le a fte r J a n u a ry 1 .
Sundry ra ilro a d a cco u n ts.................................

1892.
$

1,15 0 ,5 12
1,365.024
1.926.6 O
1.806,976
1,995,992
9 4 1,14 4

8,625,922

9,189,258

. 112.906
458.500
.1,6 95 ,45 5
. 326 ,154
. 79 7,6 12
. 496.35 L
.1,4 9 8 .19 1
.2,586,042

139,242
458.500
1,657,962
410 ,0 17
8 51,9 16
243.741
2 .149 .75 7
2,943,340

T o ta l....... .......................................................... .7 ,9 71,713
B a lan ce of accoun ts re ce iv ab le ..................... . 654,209

*8,85 4,475
331,783

*Ot' which $3,625,432 has been paid since closo o f year.

4 1 - ,268

American Tobacco Company.
81, 1892.)
1891-92.
1890-91.
1839-90.
The Treasurer's brief report for the year 1392 is given cut as
$
$
$
4 12 ,26S follows :
530,762
N e t earn in g s.......................
592,274
“ The company has,issued during the year $100,090 prefer­
D isb u rse m e n ts—
19 5 ,15 6 red scrip and $150,000 common scrip, reserving- the right to
1 n t e r e s t p a i d .....................
173 ,4 2 1
43 4,033
35,823
58.460
R en tals.......... ......................
1.7,73 L
92,678 retire same on or before January, 1891, at par, or convening
2i>5.864
Construction and equipm en c.
1 / 9.966
same info the preferred and common stock cf the company.
4 9 ,3 3 7
T a x e s ................ .................
19,758
*96.861
10,278 This scrip was issued for the purchase of tho exclusive use
M iscellaneous.....................
7,966
7,5 5 u
386,272 of valuable patent rights for this country. The net earnings
T o ta l..............................
802,768
398,842
of the year, after deducting all charges and expenses for
B a la n c e ................................ ....S u r . 13 1,9 2 0 D e f . 210,494
Bur. 25,996
manat'etnent, &c., are $4,739,301, out, ot which the company
has declared four quarterly dividends of 2 per cent each on
* P a rtly fo r prior years.
tho preferred stock, amounting to $960.!-O0, leaving ->3. i tS.oul
Delaware & Hudson Canal.
to be applied to its surplus account and the payment of divi­
( F o r th e y e a r e n d in g D e c . 81, 1892.^
dends on its common stock. The surplus account of the com
Iu advance of the annual report the statistics below’ for four pany as shown Dec. 31, 1891, was $3,495,393; added tins
years have been compiled lor the C hronicle. The re­ year, $3,778,301, making a totai of $>,273,$95, out of which
sults show 10T1 per cent earned on the stock in 1892 against there has been declared 12 per cent dividend on its common
stock, amounting to $2,100,000, leaving a net surplus Dec.
7-35 in 1891.
INCOME ACCOUNT.
31, 1892, of $4,107,895, being a net increase over that ot Dec.
18 9 1.
1992.
l8t<9.
11*90.
31, 1891, of $1,012,501.
Receipts—
$
$
76*8’
6 rO
INCOM E ACCOUNT.

70*5

(F o r th e y e a r e n d in g D ec.

From c o a l................... 8 ,6 -2 ,3 18
7.806,207
F rom ra ilro a d s........... 9,432,975 10,468,674
F rom m iscellaneous..
822.360
9 11,968

8,335,010
9,629,333
10,062,324 10 .3 S 6 .H 3
7 11,8 6 9
452,765

T o ta l.......................18,957,593 19,180,849
O p eratin g e xp en ses.. 12,992,868 13 , t0 1,17 6

19,109,203
1 3 ,5 1 1 ,7 7 6

20,438,541
1 3 ,9 7 7,75 7

6,079,672
3 ,5 11,3 3 3

5,597,427
3,393,377

C.46 1,784
3.425,320

2.568,340

2,204,050

3,035,464

N e t .......................... 5,964,725
I n t., ta x e s & re n tals.. 3,426,829
B a la n ce .................

2,537,896

FINANCIAL STATEMENT DECEMBER 3 1, 1892.
A SSI'S.

B e a l estate, m achinery, fixtu res, le a f tobacco,
m anufactured slock , op eratin g supplies.
.$33,353,202
paten ts, trade m arks,, cto .
940.288
C a sh ..................................................
. . 1,877,900
B ills aud accounts r e c e iv a b le ...
T otal a sse ts...................................................................................

THE

104

CHRONICLE.

L ia b ilitie s .
Capital stock—
C o m m o n ...,........
Comm on s c r ip ...
P re fe rre d ............
P referred sc rip ...

$17,900,000
150.000
. 11,935,000

100.000

$30,085,000
R e gu la r q u art’y d iv on pref. stock,
p a yab le F eb . 1 , 18 9 3 ......................... $240,700
D iv . o f 3 per cent on common stock,
payab leF eb . 1, 1 8 9 3 ......................... 541,500
---------------A ccou n ts current, p a y a b le .....................................
A ccru ed consignees’ com m issions.......................
A d vertisin g fu n d ......................................................

$782,200
2 32 ,5 11
577,10 3
380,681
$32,063,495

$4,107,895
6urplus—
A s per statem en t D ec. 3 1, 1 8 9 1 ........................... $2,495,393
F o r 18 9 2 ....................................................................... 1,6 12 ,5 0 1
---------------$4,107,895

GENERAL IN V E S T M E N T NEWS.
A tlantic & Danville.—A committee in the interest of the
bondholders has been formed in London ; the names compos­
ing the committee are given in the advertisement in this
issue. Mr. H. Heritage, 7 Lothbury, London, is the Sec­
retary.

Bank and Trust Company Elections in New York City.—

The following directors have recently been elected. These
are published in addition to the list given in previous issues:

ASTO R P L A C E B A N K .— D irecto rs: A. L. Ashm an. A lfre d C. B a r n e s ,
W illiam H. B ead leston , SI. C. D. B orden . John D a n ie ll, Jr., Thom as W.
Folsom , F ra n cis L. H ine. F ra n k lin W. H opkins. G eorge P . Johnson,
Joseph J- L ittle , Charles M cLouglilin, Effingham M aynard, W illiam A.
N ash. H ora' e R u ssell, F. A. O. Schw are. Ch tries R. Schm inke, T heo­
dore E . Sm ith, Charles N. Taintor, E. J. H . T am -en . A lfred C. B arn es,
P r e s id e n t; F ra n cis L. H ln e, V ic e -P re sid en t; Jo h n T. P erk in s, Cashier.
C O N T IN E N T A L T R U S T C O M PA N Y .— T ru stee s: Gordon N orrie,
W illiam H . W isner, A . L a n fear Norrie. Thom as T. B a rr. W illiam F.
Cochran. W illiam J a y , A lfre d M. H o y t, Jam es C. P a rrish , Rob -rt s .
H olt, H en ry M Taber, O liv er H arrim an, J r.. H u gh N. Cam p. W illiam
A le x an d e r Sm ith. Robert O lyphant, Joh n C. H avem eyer. O tto T B on ­
n ard, H en ry W. D e fo re s t. G iraud F oster, G ordon M acdonald. O tto
T. B anoard , P resid en t; W illiam A le x an d e r Sm ith, F irst V ic e -P re si­
d en t; Gordon M acdonald, Second V ice-P resid en t; M aurice S. D eck er,
S ecretary.

Bradford Eldred & Cuba.—The sale of the Bradford Eldred & Cuba Bailroad in foreclosure ;took place this week at
Belmont, N. Y. The property was bought by August Stein
of New York in behalf of a syndicate of creditors. The road
has been operated until recently under the management of
Thomas C. Platt as receiver.
Called Bonds.—The following have been called for pay­
ment :
Cleveland & P ittsburg R ailroad .—Fifty-five series
“A ” construction and equipment bonds will be redeemed at
the par value thereof on or before the 1st day of July next at
the Farmers’ Loan & Trust Company, New York. Numbers
of bonds drawn may be obtained from ike Trust Compauv.
C olorado Midland.—Fifty equipment trust bonds will
be paid at 105 upon presentation at the office of Messrs. Bar­
ing, Magoun & Co., 15 Wall Street, New York, on March 1,
1898. Numbers of bonds drawn may be learned at same place.
Cincinnati S andusky & C leveland R, R, Co.—Twentyseven bonds of Mad River & Lake Erie R. R. will be paid
on presentation February 1, 1893, at the National Revere
Bank, Boston, after which date interest will cease. Numbers
of bonds drawn will be furnished oy the trustees.
Chicago Burlington A Quincy.—This company issues a cir­
cular stating that for new equipment, improvements, construc­
tion, St. Louis terminals, and the new bridge over the Missouri
River, it requires §8,000,000. In addition §3.541,000 7 per cent
sinking fund bonds of the Burlington&Missonri River Co. mature
October 1 next, and it is not deemed wise to sell the securities
in the sinking fund to redeem them. To accomplish these ob­
jects the directors offer at par to stockholders of record on
Feb. 18 an equal amount of capital stock and consolidated 7
per cent mortgage bonds maturing in 1903. Stockholders may
subscribe for one share of stock and §100 of scrip, convertible
into bonds, for every thirteen shares of stock held. Scrip will
be issued for fractional lots, not under ten shares.
Columbus Hocking Talley & Toledo.—Before Justice
Ingraham and a jury in the New York Supreme Court the
„ suit of the Columbus Hocking Valley & Toledo R.R. Com­
pany against the members of the firm of Winslow, Lanier &
Co. came on this week. Distinguished counsel appeared ou
both sides, including Senator D. B. Hill for the plaintiff.
It is alleged that there was an is-ue of 14,500 §1,000 bonds
of the railroad company, that §0.009,000 of the money to be
obtained by the sale of these bonds was to be devoted to the
improvement of the road, and that instead of being so used
this money was diverted to the uses of the defendants and
others. The defendants are one of toe best-known banking
firms of the city, and allege that there is no foundation for
the suit and no ground for any judgment against them.
East Line & Red R iver.—At Jefferson, Tex., Jan. 24, the
East Line & Red River Railroad was sold under order of
court and was hid in for §1,400,000 by Simon Sterne, attorney
for Henry W. Poor and the Central Trust Company of New
York, trustee.

|V ol. LV1.

Georgia Midland & Gulf.—The Central Trust Company
will pay the coupon due January 1 on the new first mortgage
four per cent boads in scrip bearing 5 per cent interest.
Kansas < ity Watkins & Gulf.—This Louisiana/oid, which
was completed during the last year, is reported as developing
a very satisfactory traffic. It extends trom Alexandria on
the Texas & Pacific Railroad south to Lake Charles, a dis­
tance of 100 miles, and gives railroad facilities to a large and
rich section in Southwest Louisiana. The land is adapted to
the growth of rice, sugar and tropical fruits; the orange lands
are said to be equal to any in California or Florida; the section
is also rich in timber. At Lake Cnarles there are saw-mills
with a daily capacity of 700,000 feet of board lumber. The
gross receipts of K. C. W. & G. for November and December
were §29,08s; net surplus above expenses and interest §10,588.
A contract has been made with the Southern Pacific which will
shortly go into effect. Under this contract the K. C. W. & G.
are to receive §50.000 a year for five years for hauling gravel
for the Southern Pacific Co. A map of the road will ba found
in the I nvestors’ S upplement issued to day.
Long Island—Prospect Park & Coney Island.—The pur­
chase of the Prospect Park & Coney Island RR. by the Long
Island Railroad was confirmed at a meeting of the stock­
holders of the latter company. The purchase price was not
disclosed. The equipment of the purchased roid consists of
eleven locomotives, fifty-six passenger cars and eighty
baggage and freight cars. The New York H e r a ld says :
“ The Long Island company guarantees four and one-half per
cent on the bonds held by Messrs. Culver and Washington,
which represents a majority. By the adjustment the Long
Island Company will pay inteiest on about §1,000,000 of
Prospect Park bonds. Tue Long Island company gets a controlliog interest in the stock for nothing.”
Maine Central.—The directors of the Maine Central havevoted to issue 5,000 shares of stock to provide for double
tracking, etc. The stock is to be offered to shareholders of
record of Feb. 10.
Minneapolis « St. Louis.—Notice is given that the follow­
ing coupons from the several series of bonds w ill be paid,
with accrued interest at six per cent, on the overdue coupons,
at the National Bank of North America, 25 Nassau Street,
New York : Minneapolis & Sioux City Junct., Coupon No. 29,
due January ls r, 1892; Minneapolis & Sioux City Junct.,
Coupon No. 30, due July 1st, 1892 ; Merriam Junction &
Albert Lea, Coupon No. 27, due December 1st, 1890 ; Merriam
Junction & Albert Lea, Coupon No. 28, due June 1st, 1891;
Merriam Junction & Albert Lea, Coupon No. 29, due Decem­
ber 1st, 1891 ; Merriam Junction & Alberc Lea, Coupon No.
30, due June 1st, 1892; Iowa Extension, Coupon No. 18, due
June 1st, 1888 ; lo 'a Extension, Coupon No. i9, due Decem­
ber 1st. 1888 : Pacific Division, Coupon No. 20, due April 1st,
1891 ; Pacific Division, Coupon No. 21, due October 1st, 1891;
Pacific Division, Coupon No. 22, due April 1st, 1892; Consol­
idated, Coupon No, 12, due January 1st, 1888; Consolidated,
Coupon No. 13, due July 1st, 1888.
National Cordage.—The application of this company to
the N. Y. Stock Exchange for listing its new stock states "that
“ the National Cordage Company has increased its common
capital stock by tbe amount of §10,000,000. Its original capi­
tal, consisting of §5,000,000 of preferred stock and §10,000,000
of common stock, was admitted to the stock list of the Ex­
change on the 28th day of January, 1891. This increase of
§ 10,000,000 will represent additions to and improvements in
the properties of the company in the way of mills, ma­
chinery, plams, leaseholds and other real and personal prop­
erty. It is the intention of the company to is me this new
stock to the present common stockholders in exchange for
their present holdings upon the terms below stated.
‘•The company has prepared certificates for 200,000 shares of
the new common stocK, representing at the par value of §100
per share §20,000,000, by the terms of which tbe common
stock, after the payment of the eight per cent preferential cu­
mulative dividend upon the preferred stock, will be entitled
to receive nun-cumulative dividends up to six per cent per
annum, and in ease of other and further dividends, after the
reservation of such surplus as tbe directors may determine,
the two classes of stock will snare tbe same in the ratio of
one-third to the preferred and two-thirds to the common
stock, thus preser i-ing to both common and preferred stockhold is the same amount and proportion of dividends to
which they are at present entitled, t’he present form of cer­
tificates of preferred and common stock will be modified to
meet these cnanges. In all other respects tue certificates of
stock, both common and preferred, will be the same as those
now listed.
“ The entire 200.000 shares of new common stock will be
lodged with the Farmers’ Loan & Trust Company for ex­
change at ibe rate of two shares of the new so ics, with div­
idends reduced as above, for one share of ihe conimon stock
at present listed, and present common stockholders to the ex­
tent of over seventv-five per cent of the emire amount out­
standing have already agreed to make the exenange offered,
provided and when the new stock shall have been admitted
to the stock list of the Exchange.”
New York New Haven * Hartford—New York & New
England.—The first-named company has withdrawn what
are known as the Washington expresses from the New York
& New England Railroad’s lines, this order providing that
these expresses shall run over the New York & New Haven

THE CHRONICLE.

J anuary 28. 1893,]

Shore Line Road. On the other hand the New York & New
England Company announces that, beginning Sunday, J a n ­
uary 29, its W ashington express will be run via the Pough­
keepsie Bridge.
New York Stock Exchange—New Securities Listed.—
The
Governing Committee of the New York Stock Exchange have
listed the following securities :
O r e g o n R a i l w a y & N a v i g a t i o n C o m p a n y ’s a d d i t i o n a l is s u e o f 5
p e r c e n t c o l l a t o r a l t r u s t g o ld P o n d s , $ 1 ,1 7 5 ,0 0 0 , m a k i n g t h e t o t a l
a m o u n t, l i s t e d $ 5 ,i7 5 ,U 0 0 .
E d is o n E l e c t r i c I l l u m i n a t i n g C o m p a n y o p N f. w Y o r k , a d d i t i o n a l
i s s u e o f f i r s t m o r t g a g e 5 p e r c e n t c o n v e r t i b l e g o ld b o n d s , $ 1 5 0 ,0 0 0 ,
m a k i n g t h e t o t a l a m o u n t l i s t e d $ 3 ,2 5 0 ,0 0 0 . A ls o , o u F e b r u a r y 3,
$ 4 0 0 ,0 0 0 a d d i t i o n a l c a p i t a l s to c k , m a k in g tb o t o t a l a m o u n t l i s t e d $ 6 .5 0 0 ,0 0 0 .
L o u i s v i l l e & N a s h v i l l e R a i l r o a d C o m p a n y ’s a d d i t i o n a l I s s u e o f
u n if i e d f if t y - y e a r 4 p e r c e n t g o ld c o u p o n b o n d s , $ 1 ,0 7 2 ,0 0 0 , m a k i n g
t h e t o t a l a m o u n t l i s t e d $ 9 ,8 0 5 ,0 0 0 .
N o r f o l k & W e s t e r n R a i l r o a d C o m p a n y ’s a d d i t i o n a l is s u e o f 5
p e r c e n t 1 0 0 - y e a r m o r t g a g e g o ld b o n d s , $ 0 5 ,0 0 0 , m a k i n g t h e t o t a l
a m o u n t l i s t e d $ 2 6 5 ,0 0 0 .
N a t i o n a l C o r d a g e C o m p a n y ' s a d d i t i o n a l is s u e o f c o m m o n s to c k ,
$ 1 0 ,0 0 0 ,0 0 0 , to b e p la c e d o u t h e l i s t J a n u a r y 3 0 , m a k i n g t h e t o t a l
a m o u n t l i s t e d $ 2 0 ,0 0 0 ,0 0 0 .
P i i i u d f . l p h i a & R e a d in g R a i l r o a d C o m p a n y ’s a d d i t i o n a l is s u e o f
g e n e r a l m o r t g a g e 4 p e r c e n t c o u p o n g o ld b o n d s , $ 3 ,9 3 1 ,0 0 0 , m a k in g
t h e t o t a l a m o u n t l i s t e d $ 4 4 ,3 5 3 ,0 0 0 .
E v a n s v i l l e & T e r r e H a u t e R a i l r o a d C o m p a n y ’s f i r s t m o r t g a g e 5
p e r c e n t f if t y - y e a r g o ld b o n d s o f 1 9 4 2 , $ 1 ,2 3 7 ,0 0 0 .
T h e B a r n e y & S m it h C a r C o m p a n y ’s f i r s t m o r t g a g e 6 p e r c e n t
g o ld b o n d s o f 1 9 i 2 , $ 1 , 0 0 0 ,0 0 0 ; ti le 8 p e r c e n t c u m u l a t i v e p r e f e r r e d
s t o c k $ '2 ,5 0 o ,0 0 0 a n d t h e c o m m o n s t o c k , $ 1 ,0 0 0 ,0 0 0 .
T u e M i c h i g a n - P e n i n s u l a r C a r C o m p a n y’s f i r s t m o r t g a g e 5 p e r c e n t
g o ld b o n d s o f 1 9 4 2 , $ 2 , 0 0 0 ,0 0 0 ; t h e 8 p e r c e n t c u m u l a t i v e p r e f e r r e d
s t o c k , $ 5 ,0 0 0 ,0 0 0 , a n d t h e c o m m o n s t o c k , $ 2 ,0 0 0 ,0 0 0 .

New York & Massachusetts.—This road was advertised
to be sold Jan. 26, pursuant to a .judgment of foreclosure
granted Feb. 6, 1886, under the first mortgage bonds of the
Poughkeepsie H artford & Boston RR, A dispatch from
Poughkeepsie on the 26th said : “ I t is stated here th a t Russell
Sage to-day bought the first mortgage bonds of the Pough­
keepsie Hartford & Boston Railroad Company, now known as
the New York & Massachusetts, and all judgm ents against
such company for about §70,000.”
New York & Northern.—It is reported with m uch confidence
th a t the control of this company’s securities has been pur­
chased by Mr. J. Pierpont Morgan. There has been no defi­
nite confirmation of the report though it is generally accepted
as true, and the prices paid are said to have been 15 for
common, 35 for preferred stock and 80 for the second mort­
gage bonds. Mr, Morgan is identified w ith New York Central
interests, New York & New Haven and also M anhattan
Elevated, and if he has obtained control of New York &
Northern, as reported, it was probably because he saw very
clearly that it was not safe to leave this property any longer
where it m ight be controlled by hostile interests.
Oregon & California. —In the U. S. District Court for the
Southern District of N«#v York, Judge Coxe has decided the
suit of Carl Pollitz against the company in favor of the
defendants. Mr. Pollitz, of Germany, was a member of the
Frankfort.bondholders’ committee formed in 1385, and as such
joined w ith bis committee in m aking the agreem ent for sur­
render of the old 6 per cent O. & C. bonds w ithout foreclosure
and their exchange for new 5 per eenls with interest guar­
a n te e d by Southern Pacific. A fterw ards he claimed that
§82,000 of the old bonds belonging to clients of his, but
ascertained on the trial to belong to Mr. Pollitz himself, would
not be deposited under the agreement, but demanded better
terms. The Court decides that Mr. Pollitz m ust deposit his
bonds under the agreem ent th a t he assented to as a commit­
teeman.
Philadelphia & Reading.—The statem ent for December,
the first m onth of the fiscal year, shows the following :
R a il r o a d Co m p a n y .

G ross r e c e ip ts ............................................
G ross e x p e n s e s ........................................ ............
N e t e a r n in g s ..................................
O tlier n e t r e c e ip ts .................................. ............
T o t a l .....................................................
D e d u ct—
P e rm a n en t im p r o v e m e n ts .................. ............
P roportion y ea r's c h a r g e s...................
T o t a l ...................................................... ............
S u r p lu s.........................................................
C o a l & i r o n Co.
G ross r e c e ip ts ............................................
O peratin g e x p e n s e s ............................... ............

,------------- D ecem b ir.------- -— ,
1892.
1891.
$
$_
1,9 68 3 67
1 ,0 5 1 ,4 3 2
9 7 3 ,8 3 8
3 9 .9 7 0

9 1 6 ,9 3 5
3 3 .5 2 0
9 5 0 ,4 5 5

1 8 ,4 1 8

4 1 ,091
6 5 0 ,0 0 0

6 4 4 ,2 5 9

6 9 1 ,0 9 1
2 5 9 ,3 6 4

1 ,6 2 3 ,9 4 3

3 ,3 1 7 ,7 3 5
3 ,1 4 7 ,6 1 1

N et e a r n in g s ....................................... ............
D e d u ct—
C olliery im p ro v e m e n ts......................... ............
P e r m a n e n t im p ro v e m e n ts................... ............
Proportion y ea r’s c h a r g e s................... ............

1 6 0 ,4 8 0

1 7 0 ,1 2 4

7 4 ,3 9 2
1 3 ,7 6 4
6 5 ,5 0 0

6 3 ,042
7 ,7 8 0
6 8 ,0 0 0

T o t a l ...................................................... ______
P . & R. a n d C. & I. C o . Su rp lus o f Coal & Iron C o................... ............
Surplus of R ailroad C o......................... ............

1 5 3 ,6 5 6

1 3 8 ,8 2 2

6 ,8 2 4
3 0 3 ,3 9 5

3 1 ,3 0 2
2 5 9 ,3 6 4

Surplus both c o m p a n ies............... ............

3 1 0 ,2 1 9

2 9 0 ,6 6 6

—The C h r o n i c l e on Dec. 10, 1892, gave t h e f in d in g s o f the
Master in the Arnot suit for a dissolution of the Lehigh
Valley lease to the Philadelphia & Reading RR. The Mas­
ter’s report has now been confirmed by Presiding Judge Metz­
ger, of the Lycoming County Court. The opinion of the

]«5

court is a voluminous document, covering all the mass o f tes­
timony, and deciding every point in favor of the defendant
companies. The decision will probably be followed by an
appeal to the Supreme Court.
San Antonio & Aransas Pass.—The control of the San
Antonio & Aransas Pass Railroad hag been bought by the
Southern Pacific Railroad management, and is now being
operated in the interest of the last named road. Mr. C. P.,
Huntington said they had purchased the road and the selling*
party were to have turned the property over on the 23d inst.,
but they desired a little time to adjust certain matters among
themselves. The road will be a valuable feeder to the South­
ern Pacific system. It is expected that Mr. Thomas E. Still­
man, of this city, representing the Hopkins-Searles estate,
will take the presidency of it.
San Francisco & North Pacific.—Notice is published in
this city that the interest of the estate of James M. Dona­
hue, deceased, in the San Francisco & North Pacific Railway
Company, consisting of 42,000 shares of the capital stock, was
sold on January 12 1893, subject to confirmation of the Super­
ior Court of Marin County. California, to J. & W. Seligman
& Co. and Laden burg, Thalmann & Co. of New York for
$420,000. The total capital stock of the company consists of
60,000 shares. The confirmation of the sale has been set for
Friday, February 24, 1893, at which time all persons will have
the right to appear before the Superior Court of Marin County
and overbid the above-named purchasers. The highest
bidder, if the price is satisfactory to the Court, will secure the
property. The San Francisco & North Pacific Railway has
160 miles of track and three large steamboats. It runs from
San Francisco to and through the counties of Marin, Sonoma
and Mendocino, in the State of California.
Union Pacific.—The C h r o n i c l e has official information
that the collateral trust 6 per cent gold notes outstanding
1Jan. 23 amounted to $12,943,000, a reduction of $5,587,006
from the maximum issue reached.
Western New York & Philadelphia. —This company has
notified holders of Warren & Franklin RR. Co. bonds that the
interest due Feb. 1 will be paid at the company’s offices in this
city. Holders of these bonds who desire to exchange them
for the long-term 5 per cent first mortgage bonds of the West­
ern New York & Pennsylvania can make the exchange at par,
ex the Feb. 1, 1893, coupon, with accrued interest from Jan. 1,
and will receive also 1% per cent in cash, or $15, upon each
$1,000 bond so exchanged.
—Messrs. Poor & Greenough oflerfor subscription, at 75 and
accrued interest, §600,000 consolidated 4 per cent 100-year gold
bonds of the Wheeling & Lake Erie Railway Company. The
Wheeling & Lake Erie has been a dividend-payer for the last
five years, and the large amount of surplus, being nearly
eight times the interest on these bonds, is a strong recom­
mendation of them. These bonds form the entire amount
outstanding under the consolidated mortgage, covering all the
lines and property of the company. The company’s revenue
has risen during the past six years from $677,248 to $1,371,165. The bonds are listed on the Stock Exchange.
—The annual statement of the Liverpool & London & Globe
Insurance Company for the United States Branch appears in
another column, and notwithstanding the unsatisfactory
state of the insurance business during last year, the surplus
shows an increase of §242,976 for the year, reaching the large total
of §3,029,196. Among the gilt-edged assets are §1,811,250 in
United States Government 4 per cent bonds, §209,250 in city
of Boston bonds, $1,574,500 in real estate and $2,817,537 in
loans on bond and mortgage, with $780,149 in cash in banks
and trust companies.
—The Executive Council of the American Bankers’ Asso­
ciation met on Jan, 18, 1893, in the directors’ room of the
American Exchange National Bauk, New York City. Mr.
Henry W. Ford, formerly President of the National Bank of
the Republic, New York, was unanimously elected Secretary
of the Association in place of Mr. William B. Green, re­
signed. At the same meeting it was decided to hold the
nineteenth annual convention at Chicago, III., on the 6th and
7th of September next.
—Messrs. Blair & Co. offer in our columns to-day $1,200,000
of Toledo & Ohio Central Railroad bonds, mainly on the new
division formed by the recent purchase of the Toledo Colum­
bus & Cincinnati Railroad. These bonds are issued at the
rate of §15,000 per mile in part payment of the new acquisi­
tion. The advertisement in the C h r o n i c l e gives the in­
vestor almost every particular that can be desired.
—Attention is called to the card of Mr. G. R. Voss, Omaha.
Neb., dealer in commercial paper and local investment securi­
ties. Mr. Voss is one of the enterprising young men from the
East who has prospered in Western business, and lie has
always had the advantage of a high character to assist him.
—The Union Mutual Life Insurance Co. of Portland claim
that their new Tontine Trust policy is probably the best all­
round insurance contract in the market. See their cardin this
issue.
—Messrs. Joseph Walker & Sons announce that they arepre*
pared to buy and sell the Green Bay Winona & St. Paul first
consolidated 5 per cent mortgage bond scrip.
—Messrs. Taintor & Holt invite the attention of investors
to an eight per cent bond, particulars of which will be found
in another column.

THE CHHLONTOLE,

1H6
r h z
g

C o m m e rc ia l

COMMERCI AL

LVOI,. LVI
C

jin x e s .

O

T T O

N .

F r i d a y , P. M., January 27, 1893.
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

EPI TOME.

Tom the South to-night, is given below. For the week ending
his evening the total receipts have reached 71.749 baler-,
January 37, 1883.
-gainst 101,737 bales last week and 111.811 bales the previous
Trade continues good, though speculation in staple com- veek, making the total receipts since the 1st of Sept., 18P2,
mcdi'ies has been held somewhat in cheek awaiting the vote 3,930,903 bales, against 5,427,549 bales for the same period of
the Senate has agreed to take upon the so-called Anti-option --91-2, showing a decrease since Sep. 1. 1892, of 1,448,632 bale?.
R eceipts a t—
i f on.
bill ( n Tuesday next. Milder weather during the early portion
S a t.
fiie*.
Wed. T /iu rs .
F r i.
T otal.
of the week modified inconveniences previously existing in G a lv e s to n ......... 1,623 6,790 4,134 2,106 2,041 2,279 18,979
many localities and permitted the movement of detained
E l P a so, & o ...
......
......
......
......
673
6 73
freight. At the close reports of a severe cold wave over the New O rle a n s ... 5,754 4,413 7,358 6,656 4,523 3,062 31,8 0 1
165
112
S3
t3 8
94
79
1 ,1 7 1
West and Northwest create some apprehension regarding M obile................
......
F lo r id a ............
......
......
......
938
988
......
t^e fall-sown crops in southern portions of Illinois, Missouri S a v a n n a h .........
362
91S
886 1 ,0 7 1 1,341
5,929
1,3 18
and Kansas, where the snow-covering is light. The visible
..........
964
964
B ru n sw ’ k j& c.
......
......
......
112
1,204
410
403
65
159
supply of wheat is increasing and the stocks or corn and oats
are decreasing. The export trade in breadstuffs is of fair
119
3 10
42
39
54
33
proportions, including considerable quantities of flour de­ W ilm in gton . . . . . . . .23
22
..
22
..........
W ash’ gton.& o
......
......
livered on contracts made at the close of last year. Swine N orfolk..............
4 ,6 11
991 1,006
190
434
370 1,6 1 4
continues scarce and the cost of cured mea's is increasing.
613
53
19 1
100
89
1S6
W est Point..-.
147
......
..........
14 7
N’w p ’t N ^ & c .
......
......
......
Lard on the spot has been in better demand, mainly from
534
534
th ■United Kingdom, and prices are decidedly higher, closing
1 ,7 3 7
136
482
219
127
476
firm at 11 25c. for prime City, ll-8oc. for prime Western and B o sto n ............... . . .297
896
89
...
..........
B a ltim o r e ..........
......
......
12'2oc. for refined for the Continent. The speculatiou in lard P h llad elp h ’a.&o
2'.3! 1 ,18 4
303
223
126
180
139
for future delivery in this market has continued quiet, but
Potftl&thlR w eek
9 .6 6 3 1 4 403 14.728 1 1,2 5 5 10.451 11,26 9 7 1,7 6 9
values have advanced sharply, reflecting a decided rise in the
The following shows the week's total receipts, the total sine e
Western markets, due 'to a continued small movement cf Sept. I, 1892. and the stock to-night, compared with last vear.
awine.
--------%
---------F r i d a y N ig h t ,

DAILY 0LO8IHS PRICES OP LARD FUTURES.

Sat.
J an u ary d e liv e r y ______ o. 11*27
F ebruary d e liv e r y .. ....C . 1 L 1 5
M arch d e liv e r y ........ ----- c .............
M ay d eliv ery .............

M on.
W ed.
T u e t.
11*15 11 5 0 11-60
11*18 11 *50
11*30
11-45
11*35 11*38 11*4.5

T h u r.
11-70

F ri.
11*85

11-65
11-65

1 -'O
11*85

R eceipts to
J a n . 2 7.
G a lv e s to n ...
E l P aso, Ac.
N ew O rleans.
M obile...........

189*2-93.

s io c k .

1891-92.

T h is 1 ce Sep.
Sin
Week. | 1 , 18S2.

This S in c e Sep
Week. 1, 1891.

IS 97 9 8 8 9 ,6 5 6
3 3 .8 5 9
67 3
3 1 .SOI 1 ,1 6 2 ,7 0 0
1,171 140.321
25 432
938
5,9 2 9 6 1 4 6 40
137,652
9 64
1,201 24 8 ,3 5 6
324
310
1 50.769
66 0
21
*201,078
4.6L1
619 1 71,587
147
15,664
3 0 ,3 1 6
53 4
1 ,7 3 7
5 8 ,1 7 1
3 3 ,8 2 7
896
1 ,1 8 4
2 7 ,3 9 6

2 1 ,2 9 0 91 5 .9 5 0
1,941
2 4 .318
5 1 ,1 5 3 1,793 9 93
2 ,9 2 6 2 1 1.9320,139
119
1 4 ,6 0 7 83 2,032
4 ,2 1 6 13 7,572
4 0 3 ,3 4 5
4,961

1893
1 03.803
1,535
357,031
33,701

1892
8 2 .6 5 2

Pork has continued quiet, but prices have further advanced
4 5 2 .1 4 4
3 4 ,9 3 7
and the close was firm at §190819 50 for old mess, $20 50 for
new mess, $21 50@$23 for short clear and $21 for family.
1 0 5 ,5 6 4
S a v a n n a h ...
8 7 .9 7 8
Cutmeats have been firmly held, but the estceme prie s
6 ,9 4 7
1 0 ,762
B ra n s. ,<fce.
check the demand, closing at 11J-A for pickled bellies, 10@12 C harleston ..
e.
4 5 00 2
7 4 ,7 7 5
bs. average; 14@14}ijC. for pickled hams and 10c. for pickled P. Lt<iyai,&c
1 40.509
1 1 ,7 8 9
7 .8 5 9
1,771
shoulders. Beef is firm but quiet at $7@§8 for extra mess, W ilm ington
1,997
......
Wiftsh’Ui.&t
....
S7
$<S@$8 50 for packet, $100813 for family and $15 a $17 for
46 4 74
N orfolk.........
5 2 ,7 8 5
5 .7 4 3 4 0 7 ,0 3 3
extra India mess. Beef hams are firmer at $19 50. Tallow is
8,187
4,5 0 5
W est Point..
3 ,3 4 9 2 4 7 ,1 6 2
in fair demand and higher, closing firm at 7c. Stearine is
2 ,2 1 4
2 9 ,8 4 6
535
1,223
N w ptN .,& o
4 9 ,0 8 3 3 0 5 ,9 2 6 3 3 4 ,4 2 7
4,7 7 5
firmer but quiet at 13%c. in hogsheads and 12Jgc. in tierces. New Y ork. .
2 3 ,0 0 0
2 8 .0 0 0
Oleomargarine is firmer at 12c. Butter is dull, weak and B o sto n ...........
4 ,8 4 4 ^ 1 , 9 7 4
3 0 ,2 2 9
1 4 ,0 8 9
lower at
33c. for creamery. Cheese is fairly active and B a ltim o r e ...
5 ,9 8 3
52,'>18
steady at lira) 12o. for State factory full cream.
9 ,9 4 3
1 ,6 1 4
4 3 ,6 0 8
11.9G9
Phll’d era.& c
Coffee has shown considerable animation through influence
T o ta ls ......... 7 1 .769 3 ,9 8 0 .9 0 3 130,607 5 ,4 2 7 .5 4 0 1,089,151 1,259 ,7 7 1
of increasing demand front jobbers and grocers, and higher
prices were paid. Rio is quoted at 17-?<£c. for No. 7, good Cucuta
In order that comparison may be made with other year, we
at 21(«21J^'c. and interior Padaug'at 2 >w27o. Contracts for give below the totals at leading ports for six seaons.
future delivery were irregular but generally averaged higher
1890
1838
18 9 1 .
1889
in co.-.fc in consequence of reduced crop estimates and manip- Receipts a t— 18 9 3 . | 1 8 9 2
ula’ion by European bull operators. At the close the ten­ C4ulv’»ton,&f
2 0 ,3 1 2
19,652l 23,231
1 2 .312
7 ,2 1 7
20 .4 S 9
dency is still in sellers’ favor.
6 7 ,631
45 3 44
3 4 .4 9 3
Sew O rl6am
3 1 ,801
5 1 ,158
6 1 ,323
The following are the final asking prices :
2 ,9 2 8
9,357
9 ,5 3 2
5 ,0 3 6
1,171
6 ,3 5 5
M obile..........
•Tan......................17-25I-. I A p r il.................... 10-G5o. | J u ly ......................1 6 3 5c.
F e b ............. -.16-9 <. M ay .................IG'45-. s e p t;.. ..............16 30c.
?
M ck ............... 16'80 -. IJ u n e
.......... 16-40e. I D e c ................. 1 6 '2 0

S a v a n n a h ..
U b arrst’n,A<
W ilm 'gt’n,&c
N orfolk.........
W*t P o in t, &c
Ail o j h e r s ...

5 ,9 2 9
1,204
332
4,61 ll
766,
6,303,

1 4 .607
4,9 6 1
1,853
5 ,7 4 3
4,572
2 1 ,551

2 6 ,461
12.496
4,077
2 4 ,4 8 6
1 3 ,2 6 9
16.S31

17.692
4 .5 3 3
4 .2 3 5
1 0 ,054
11,165
2 3 ,5 1 6

1 5 ,6 2 6
8 ,8 5 1
1 ,7 5 8
1 2 ,6 3 9
2 0 ,911
2 8 ,2 3 1

1 4 ,3 4 7
8 ,0 2 6
2,384.
6 ,4 7 0
8 ,7 2 2
1 1 .9 9 3

Raw sugars sold with fair freedom and another small frac­
tional gain was made upon values, closing steady. Centrifugal
quoted at 3JoC. fer 90 deg. test and muscovado at 3 l-16c. for
89 deg. test. Refined sugar quiet and prices easy. Granu­
lated quoted at 5c. Tea in good demand and blacks advanc­ CoLihis-week 7 1 ,7 6 9 130.607 19-3,103 15 9 ,2 6 3 1 5 5 ,3 5 4 9 8 ,6 6 3
ing. Spices active and firmer. Other staple groceries with­
8 !n o e8 ep t. 1 3 9 8 0 .9 0 3 5 4 2 7 ,5 4 5*261,659 4 9 1 2 425 4474,367*4583 6 2 7
out special feature.
Kentucky tobacco has been quiet, but prices continued firm.
The exports for the week ending this evening reach a total
Sales 200 bhds., mainly to the home trade. Seed-leaf tobacco of 63,306 bales, of which 20,908 were to Great Britain. 13,986
has been moderately active and steady. Sales fer the week to France and 19,414 to the rest of the Continent. Below are
were 1,983 cases, as follows : 700 cases, 1890 crop. Wisconsin the exports for the week and since September 1, 1892.
Havana, 143^ to 16c.; 023 cases, 1890 crop, Pennsylvania seed
1, 1S92,
2 7 .1S93,
leaf, 12c.: ICO cases, 1891 crop, New England Havana, 25 to
—
60c,; 150 cases, 1891 crop, State Havana, 13 to 25c.; 100 cases,
1891 crop, Dutch, private terms; 150 cases, 1891 crop, Zim­
>
*Ctaf.
mers, 11 to 12c ; 600 bales Havana, 70c. to $1 15 ; 250 bales
,453 7,033
15,083 390,665 L13.635 115,833 610,198
O a lv e sto n .......
Sumatra. $3 to $4 If.
600
6'JO
10,455
c....
10,S70
33,325
Straits tin has been quiet and prices have eased off a trifle V elasco, &n s .. 10,700 6,171
61S 17,195 321,165 202,659 191,280 715,110
Sew O rle a
u- der a few realizing sales, hut the close was steady at 20'loe~ M o b ile..............
33,178
33,178
Sales for the week were about 150 tons. Ingot copper has S av an n a h . . . .
5,88
5,8a
61,711 19,752 203,358 287,821
been quiet, but about steady, closing at 12c. for Lake. Lead B runsw ick ..
57,7 ?»* 2 ,i8 ‘
14,574
71,839
is a trifle higher aud the close was steadv at 3'90c. for domes­ C h arlesto n ...
.........
1,200 1,200
7,900
81,303 175.S97
83,691
tic. Pig iron is quiet and unchanged at $12 7o@§15 50.
W ilm in g to n ..
7,217
7,217
74,102
57,929 132.031
1,901
•19,2^0
Refined petroleum is dull and unchanged at 5-30(5 in bbls., N o rfo lk ........... 1,904
18.398
07,068
52.23 ri
W e st P o in t...
7,703
59,93.4
2'80c. in bulk and 615c, in cases; crude iu bbK 5*353., in’
5,798
5,798
bulk 2-833.; naphtha 5 '|c . Crude certificates have been dull • p o rtN w s,
182 2.817
50.75 8 286,795
0,207 226.370 9,087
but steady, closing at 53c. asked. Spirits turpentine bus s a w Vbrfc....... 6.138
52 i
li o
66
108.203
2.832 111.155
been quiet hut steady, closing at 33j£ % 31c. Rosins con­ B o s to n ............
911
52,251 120,543
Oil
63.811 1,469
tinue scarce fur the low grades and pricer have been further- B a ltim o re ----Philadelj>’a,<*c
134
134
5,48 i
100
o,58d
ad vancerl. closing at $1 35 ti 1 40 for common to good strained.
T o t a l............. 23,906 13,986 19,111 60.306 1,553,050 350,633 816,207 2.728.830
Wool is active and firm, with choice grades scare?. Hops
are firm but quiet.
T o ta l, 1831 92. 78 203 17.076 S7.330 132.705 2.304.410 404,509 1.029,409 3,737.358

W kE d gJ n 2 . fo tSa..
e ne a . 7 r meo
e in
o t
Jn
Bv r GeEpOnT t l r a xot -it —
zm r ax ot dtoa e t v re t
oU t roto G E Oni
i
f o —iV.a ce t ek it ina c e t
r H n nnn. e. a r ne n.
r
r F
WB F n
r . o
7

&
(

#

THE CHRONICLE.

J anuary 28,1893. J

kh
-

I n a d d i t i o n t o a b o v e e x p o r t s , o u r t e l e g r a m s t o - m g b t a ls o
g i v e u s t h e f o l lo w in g a m o u n t s o f c o t t o n o n s h i p b o a r d , n u t
c le a re d , a t th e p o rts n a m e d .
W e a d d s im ila r fig u re s fo r
N e w Y o r k , w h i c h a r e p r e p a r e d f o r o u r s p e c ia l u s e b y M e s s rs ,
C a r e y , Y a l e & L a m b e r t . 24 B e a v e r S t r e e t .

<2

to
•ft? p

o tr
p s
* 3

O n S h ip b o a rd , n o t c le a re d —f o r
J a n . 27 a t —

G reat
O ther
B r ita in . F ra n ce. F oreign

C oast­
w ise.

L e a v in g
B lo ch'

T o ta l.

N ew O r le a n s ...
G a lv e s to n .........
fla v a n u a ii..........
O t i a d is t o n .. ..
M o o ile ................
N o r fo lk ...............
N e w Y o r k .........
O th er p o r t a ....

13,729
19,9 6 8
N one.
N one.
6 ,0 0 0
9 ,5 0 0
2 .9 0 0
2 3 ,0 0 0

1 7 ,2 0 8
N one.
3,5 0 0
N one.
N one.
N o n e.
400
N one.

2 7 ,8 7 2
1 6 ,1 9 4
6,0 0 0
3 ,0 0 0
N o n e.
N one.
3 ,7 0 0
2 1 ,0 0 0

N o te .
1 .0 4 3
2.1O0
300
N one.
4 .6 1 0
N o n e.
N one.

5 8 ,8< 9
3 7 ,2 0 5
1 1 ,6 0 0
3 ,3 0 0
6 ,0 0 0
2 4 ,1 1 0
7 ,0 0 )
4 4 ,0 0 0

298 272
7 1 ,598
7 6 ,3 7 8
4 1 .7 0 2
3 2.7 01
32 .364
298 926
5 5 ,1 8 6

T o ta l 1 8 9 3 ...

7 5 .0 9 7

2 1 ,1 0 3

7 7 ,7 6 3

8 .0 5 9

1 5 2 .0 2 4

36 985
13.1 1 2

7 6 ,3 0 3
8 2 .1 6 2

8,9 1 5
13,7 0 8

2 0 2 .6 1 1
2 3 8 .2 9 7

O b )® ?

C O <>5 © a R g
D J ®

rr® ®*
3®* <
!
*

o**i
“
I

©©
®©
t*r»?

U PL A N D S.

S a t.

? lo u T u e s W ed

U r a m a r y ................................ .§1 lb. 7 x4
7 *4
S tric t O rd in ary.............
7 5s
G ood O rdin ary....................
8 k)
8>s
fltrlo t G ood O rd in ary........
8 l3 lf 81 Mr
L o w M id d lin g .......................
U3i« 9*18
S ir lo t L ow Mid d im * ..........
O' 10
M id d l i n g .. .. .. ......................
9*3
9 "8
Good M id d lin g.....................
91518
S trict Good M d d lin g ........
10%
lO ^
M iddling F a ir .......................
10^
10ki
P a ir .................................
10% 1 0 7«
GULF

S a t.

O r d lr e r y ................ ............... . 9 lb. 7 ^
S e n 01 O rd in a ry ...................
7~s
Good O rd in a ry..................... . . . __ 8%
S tr ic t G ood O r d in a r y ....
9 l i8
I o w M id d lin g .......................
O ils
S tric t L ow M id d lin g ..........
9 U le
M id d lin g.................................
9%
G ood Mid d im e ....................
1 0 :‘ie
B triot G ood M id d lin g ........
1038
M iddling F a ir .............
. ..
10 %
F i l r ........................................
ll^
ST A IN E D .
S a t.
G ood O rd in a ry .................... ■V ib.
S tr ic t Good O rdin ary........
L ow M id d lin g....................... . . .
M -d d lin e.............. .................

6Jk
728
8B
9 !in

T il.

714

7%
7%
8 ‘16 8 ; 3
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918
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im

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T h e t o t a l s a le s o f c o t t o n o n t h e s p o t a n d f o r f u t u r e d e liv e r y
e a c h d a y d u r i n g t h e w e e k a r e i n d i c a t e d i n t h e f o llo w in g
s t a t e m e n t . F o r t h e c o n v e n i e n c e o f t h e r e a d e r w e a ls o a d d
a c o l u m n w h i c h s h o w s a t a g l a n c e h o w t h e m a r k e t c lo s e d on
sa m e days.
SPOT MASKET
CLOSED.

Bat’d a y . Q u ie t....................
M onday D u ll and easy.
T u esd ay D u ll and e a s y ...
Wed’day D u ll a t i ]6 d e c . .
Tli ur'd’V E a sy ......................
F r id a y .. Q uiet a t i , B d e c .
T o ta l.
wiT h k

SALES OF SPOT AND CONTRACT.
ex­
p o rt.

(Jo n - tipec- Cons u m p . u l ’t’n tv act.

lo ta l.

300
300

493
444

19 i
144
4 00
40o|

107
131

....

575

S a l e s a n d P r ic k s o f S u t u r e s
f -M o w in g c o m p r e h e n s i v e t a b l e ;

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S p e c u la tio n in c o tto n f o r f u tu r e d e liv e ry d u r in g th e w e e k
u n d e r r e v i e w lia s b e e n o f m o d e r a t e p r o p o r t i o n s . A s m a ll
c r o p m o v e m e n t a t i n t e r i o r to w n s a n d t h e p o r t s a p p e a r e d to
b e b a la n c e d b y t h e v e r y in d i f f e r e n t a t t i t u d e o f c o n s u m e r s a t
h o m e a n d a b r o a d , a n 1 b o t h “ b u l l '’ a n d “ b e a r ” e l e m e n t s h a v e
b e e n i n c l i n e d to m o v e w i t h c a u t i o n a w a i t i n g f u r t h e r d e v e lo p ­
m e n ts . T h e p o s t p o n e m e n t o f t h e v o te u p o n t h e A n ti- o p tio n
b ill u n t i l n e x t w e e k a ls o h a d a q u i e t i n g e f f e c t u p o n b u s in e s s .
O n S a t u r d a y t h e d i s i p p o i n t i n g t e n o r o f c a b le a d v ic e s d is c o u r ­
a g e d m a n y o f t h e lo c a l lo n g s , a n d t h e y s o ld o u t w i t h su ffi­
c i e n t f r e e d o m t o b r e a k t h e m a r k e t 12 p o i n t s n e t . M o n d a y
b r o u g h t a g e n e r a l l y m o l e r a t e d e a l a n d f i n d in g l i t t l e o p p o s i­
tio n th e b u lls m a n ip u la te d a n a d v a n c e o f 8 p o in ts , b u t d u rin g
T u e s d a y , a f t e r c o n s id e r a b le f l u c t u a t io n s , t h e r e w a s a lo ss o f 0
p o i n t s a g a i n , w i t h 2 p o i n t s a d d i t i o n a l d e c lin e o a W e d n e s d a y .
Y e s t e r d a y t h e r e w a s s o m e s e llin g o n a d v ic e s t h a t a t a m e e t ­
i n g o f L a n c a s h i r e s p i n n e r s a n d t h e i r d i s c o n te n te d o p e r a tiv e s
i t b a d b e e n f o u n d im p o s s ib le t o p e r f e c t a n a g r e e m e n t , a n d
t h a t a s a c o n s e q u e n c e a s e t t l e m e n t o f t h e s t r i k e w a s a g a in
p o s tp o n e d . T h is c a u s e d a n e t le s s o f 8 p o i n t s . T o -d a y th e
f e e l i n g is s o m e w h a t s t e a d i e r i n c o n s e q u e n c e o f m o r e h o p e f u l
p r i v a t e a d v ic e s f r o m E u r o p e . C o tio n o n t h e s p o t h a s b een
d u l l a n d p r i c e s d e c lin e d % c . , c lo s in g a t 9 i£ c . f o r m i d d l i n g
u p la n d s .
T h e t o t a l s a le s f o r f o r w a r d d e l i v e r y f o r t h e w e e k a r e 876,000
b a le s . F o r i m m e d i a t e d e l i v e r y t h e t o t a l s a le s f o o t u p t h i s w e e k
1,575 b a le s , i n c l u d i n g 400 f o r e x p o r t , 575 f o r c o n s u m p ti o n .
-----f o r s p e c u l a t i o n a n d 600 o n c o n t r a c t . T h e f o l lo w in g a r e
t h e o ffic ia l q u o t a t i o n s f o r e a c h d a y o f t h e p a s t w e e k —
J a n u a r y 21 t o J a n u a r y 27.

!

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T otal 1 8 9 2 . ..
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T o ta l 1 8 9 1 ... 1 2 9 .3 1 5

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The following excriiia^es nave been made daring the weefc :
’09 pd. to e x e k . 6 0 0 Feo. fo r Mob. •OS pd. to oxch . 4.0D Moll, for \ p r .
*18 pd. to e x cii. 2 .0 ) 0 Feb. for Apr. •22 pil. to oxcU. 6 00 Mcli. for J u n e .
•32 pel. to exolL. 5 0 0 Fe»». for J u it*#
*21 pd. to ex eb . 2 0 0 J ail, for Apr.
•26 pd. to ex eb . 100 Feb. for M ay. •2 ) P'l. to oxoli. 1.10 ) Feb. for vpr.
•OS pd. to e x eb . 6 0 0 Mob. lo r A pr. •12 pd. to oxotu l . i o o Feb. fo Meb.
■16 pd. to ex eb . 20 0 M cb. for M ay. •11 pd. t o e x c li. 1.2 )0 Feb. f »r.MoU.
•2 7 pd. to e x c li. l . 'OO Feb. <>r May.
•01 pd. to e x eb . 100 Jan. for F eb
•Oi pd. to exoli. 100 N ov. for Feb.
•10 pd. to ex ch . 100. J a n for Mcb.
•32 pd. to ex eb . 2 0 0 J a u . for Jun e. •13 pd. to e x mi. 1,6 0 0 Fob. 'or Mcli.
*06 pd. to e x eb . 8 00 Feb. f *r Oct.
•) 9 pd. to ex eb . 5 0 ) F eb for A pr.
• b) pd. to e x eb . 3 0 0 Mob. fo A.nr.
•10 pd. to e x e b . 100 Jan for Mob.
•11 pd. to ex eb . 1,0 0 0 Feb. for Mcb, •17 pd. to e x eb . 100 Mob. for May.
T h e V i s i b l e s u p p l y o f C o t t o n to-night, as made u p b y cable

and telegraph is as follows. The Continental ^stociis, as well as
those for Great Britain and the afloat are this week 9 returns,
and consequently all the European figures are broughi down
ro Thursday evening. But tc- make the^ totals the complete
figures for to-night (Jan. 27), we add the item ofexp oils Iroru
the United States, including m it me exports or Friday only.

THE CHRONICLE.

168
1892.
1893.
Btook a t L iv e r p o o l..........b a le s . 1 ,6 4 4 ,0 0 0 1 ,6 5 3 ,0 0 0
1 0 ,0 0 0
4 ,0 0 0
B took a t L o u d o n ...........................

1891.
9 5 6 ,0 0 0
2 0 ,0 0 0

T o ta l G r e a t B r ita in s to o k . 1 ,6 4 8 ,0 0 0 1 ,6 6 3 ,0 0 0
2 ,5 0 0
2 ,2 0 0
Btook a t H a m b u rg .......................
1 9 2 ,0 0 0
1 3 7 ,0 0 0
Stook a t B r e m e n ...........................
1 7 ,0 0 0
2 2 ,0 0 0
Btook a t A m ste rd a m ..................
300
Btook a t R o tte r d a m ...................
400
7 ,0 0 0
Stook a t A n tw e r p .........................
5 ,0 0 0
Stook a t H a v r e ..............................
3 9 6 ,0 0 0 2 7 5 ,0 0 0
7 ,0 0 0
7 ,0 0 0
Stook a t M a rse ille s......................
Stook a t B a ro e lo n a .................
7 8 ,0 0 0
8 0 ,0 0 0
7 ,0 0 0
9 ,0 0 0
Stook a t G en o a ..............................
1 5 ,0 0 0
8 ,0 0 0
S took a t T r ie s t e ............................

9 7 6 ,0 0 0 1 ,0 0 7 ,0 0 0
2 ,3 0 0
3 ,3 0 0
1 6 5 ,0 0 0 1 4 2 ,0 0 0
1 8 ,0 0 0
6,000
400
300
7 ,0 0 0
6,000
2 0 3 ,0 0 0 1 64,000
3 ,0 0 0
3,0 0 0
9 0 ,0 0 0
9 0 ,000
10,000
6 ,0 0 0
12,000
1 0 ,0 0 0

T o ta l C o n tin e n ta l s to c k s ........

7 1 4 ,8 0 0

5 5 2 ,6 0 0

5 0 5 ,7 0 0

1890.
9 9 2 .0 0 0
1 5 ,000

4 3 5 ,6 0 0

T o ta l E u r o p e a n s t o c k s ___ 2 ,3 6 2 ,8 0 0 2 ,2 1 5 ,6 0 0 1 ,4 8 1 ,7 0 0 1 ,4 4 2 ,6 0 0
I n d ia o o tto n a flo a tfo r E u r o p e .
7 7 ,0 0 0
2 8 ,0 0 0
8 0 ,0 0 0 1 13,000
A m er. o o tt’n a flo a tf or E u r o p e . 3 1 6 ,0 0 0 4 7 9 ,0 0 0 5 0 0 ,0 0 0 4 7 0 ,0 0 0
E gyp t,B ra u il.& o .,a fltfo rE ’r ’p a
3 4 ,0 0 0
2 7 ,0 0 0
5 3 ,0 0 0
2 4 ,0 0 0
B to o k in O nited S ta te s p o r t s .. 1 ,0 8 9 ,1 5 1 1 ,2 5 9 ,7 7 1 9 3 5 ,4 7 7 6 9 5 ,5 6 7
Btook in U . S. In terio r t o w n s .. 4 4 4 ,9 2 0 5 7 6 ,2 5 3 4 5 0 ,1 2 1 3 1 5 ,4 0 9
U n ited S ta te s e x p o r ts to -d a y .
397
2 0 ,2 9 9
2 3 ,6 5 5
1 4 ,678
T ota l v is ib le s u p p ly ............ 4 ,3 2 4 ,2 6 8 4 ,6 0 5 ,9 2 3 3 ,5 2 4 ,2 5 3 3 ,0 7 5 ,2 5 4
O f th e a b o v e , t h e t o ta ls o f A m erican a n d oth er d e scrip tio n s a r e a s follow s:
A m e r ic a n —
L iverp oo l s to o k ................b a le s . 1 ,4 1 6 ,0 0 0 1 ,4 1 1 ,0 0 0 6 6 8 ,0 0 0 7 8 7 ,0 0 0
O o n tln e n ta lsto c k s.......................
6 2 1 ,0 0 0
4 5 0 ,0 0 0
3 9 6 ,0 0 0 3 5 9 ,0 0 0
A m erican a flo a t fo r E u r o p e ...
3 1 6 ,0 0 0 4 7 9 ,0 0 0
5 0 0 ,0 0 0 4 70,000
U n ited S ta te s s to c k ..................... 1 ,0 8 9 ,1 5 1 1 ,2 5 9 ,7 7 1
9 3 5 ,4 7 7 6 9 5 ,5 6 7
U n lt e d S ta te s in te r io r s t o o k s ..
4 4 4 ,9 2 0 5 7 6 ,2 5 3
4 5 0 ,42L 3 1 5 ,4 0 9
U n lte d S ta te s e x p o r ts to -d a y .
397
2 0 ,2 9 9
2 3 ,6 5 5
14,678
T o ta l Am s rlo a n ...................... 3 ,8 8 7 ,4 6 8 4 ,1 9 6 ,3 2 3 2 ,9 7 3 ,5 5 3 2 ,6 4 1 ,6 5 4
E a s t I n d i a n , B r a z il, A c.—
L iverp ool sto o k ............................. 2 2 8 ,0 0 0
2 4 2 ,0 0 0 2 8 8 ,0 0 0 2 0 5 ,00Q
L ondon sto o k .................................
4 ,0 0 0
1 0 ,0 0 0
2 0 ,0 0 0
1 5 .0 0 0
C o n tin en ta l s t o o k s ....................
9 3 ,8 0 0
1 0 2 ,6 0 0 1 0 9 ,7 0 0
7 6 ,6 0 0
I n d ia aflo a t fo r E u r o p e ..............
7 7 ,0 0 0
2 3 ,0 0 0
8 0 ,0 0 0 1 1 3 ,0 0 0
E g y p t, B ra z il, &o., a flo a t..........
3 4 ,0 0 0
2 7 ,0 0 0
5 3 ,0 0 0
2 4 ,0 0 0
T o ta l E a s t I n d ia , A o ............ 4 3 6 ,8 0 0 4 0 9 ,6 0 0 5 5 0 ,7 0 0 4 3 3 ,6 0 0
T otal A m e r ica n ..................... 3 ,8 8 7 ,4 6 8 4 ,1 9 6 ,3 2 3 2 ,9 7 3 ,5 5 3 2 ,6 4 1 ,6 5 4
T o ta l v is ib le s u p p ly ............ 4 ,3 2 4 ,2 6 8 4 ,6 0 5 ,9 2 3 3 ,5 2 4 ,2 5 3 3 ,0 7 5 ,2 5 4
P r ic e M id. U p l.,L iv e r p o o l....
5 V I,
4 i le d.
5 i i 6d.
t iV d .
9^0.
7*ae.
9 5 iee. lOi&i0e.
P r ic e M id. U p l., N e w Y o r k ___

ESP The imports into Continental ports the past week have
125,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 281,655 bales as compared with the same date
of 1892, an in c re a se of 800,015 bales as compared with the
corresponding date of 1891 and an in c r e a se of 1,249,014 bales,
cs compared with 1890.
A t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same item s for the
corresponding period of 1891-92—is set out in detail in the
following statement.
been

f> % g ® W B W V 17 O w Si Q

t i i Ii Ii p
«

v
S '*
® 5-3fair

f ag :

&i i i
i
Pn* O ’ O

hhH q :

o|

H
©

i
■ K'k m m ® a a • v * 8s t
P
*> e
. •
OB®, « • IP < *.
jc. rjrii■
fc
r I .
. |

[V ol. LVI.

Qu o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s , —

Below we give closing quotations of middling cotton at South ernand other principal cotton markets foreac-- lav o th wet k,
Week e n d in g
J a n , 27.
G a lv e s to n ...
N ew O rleans
M obile...........
S a v a n n a h . ..
C h a r le sto n ..
W ilm ington.
Norfolk.........
B o sto n .........
B a ltim o re ...
Philadelphia
A u g u sta . . . .
M em phis___
8t. L o u i s .. ..
H o u s to n ___
C in c in n a ti..
L o u is v ille .. .

CLOSING QUOTATIONS FOR MIDDLING GOTTON ONS a tu r .
938
9%
9 3 ih
9*4
9ia
9%
9=8
9^8
10
9%
91a
9” is
9%
9%
9%

I f on.

Tues.

T h u rs.

9 5ie
9»8
9*1*
9*4
9hi
9%
9*8
9^8
9 78
10
938
9^

938
9%
Q’is
9M
9%
9>s
9^8
9%
978
10
9%
912
99,8
9%
9%
9%

W ednes.
93
9*16
93,8
95
9 'a
9*s
938
9%
9 78
10
938
9hj
9 9 ir
95
9%

938
9M
93,3

99,8

9%
9%
9%

93s
9«3
938
9»(0
9 78
9 u ie
93g
9 l la
9*2
9*4
9%
9 \

934

9ta
8 78

table
Indicates the actual movement each week from the plantations,
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
ns.
Week
Receipts a t the Porta. SVk at Interior Towns. Rec'pta fro m P la n t1
B n itn o —
1890-91 1891-92 L892-93 L890-91 1891-92 1892-93 1890-91 L891-92 1892-93
Dec.
“
Jau.
“
“
“

23 — .
30.......
6 ......
1 3 .....
20.......
27.......

270,782
246,989
217,177
174,855
178,913
195,103

260,305
214,615
234,250
162,788
102,638
130,607

190,972
165,943
126,054
114,841
101,737
71,769

550,410
538,852
513,753
490,972
456,930
450,421

630,054
647,844
629,650
627,004
605,907
576,253

488,952
479,451
473,655
452,704
446,672
444,920

314,806 282,898
235,231 332,405
192,276 195,956
152.076 180,242
144,901 81,541
188,591 L 0,953
O

204,776
170,445
120,255
98,890
95,706
70,017

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, in 1892-93, are 4,297,194 bales; in
1891-92 were 5,947,864 bales; in 1890-91 were 5,697,510 bales.
2.—That, although the receipts at the outports the past week
were 71,769 bales, the actual movement from plantations was
only 70,017 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 100,953 bales and for 1891 they were
188,594 bales.
Overland Movement for the W eek and since S ept , 1,—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it i3 impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Jan. 27
and since Sept. 1 in the last two years are as follows:

W eek.

MO
C
C
O
bOMMK>MMOi©tOMMifi*OltOCObOMtf*©OiO»£>.
w w o w x w © x © 01 c*
© MMli5©'tO<lVvl^HVoaODPOOlOC)' W OW ^tf^©©^'^
G
M©l£*©CM>-©*-K>CO©CKO'UlOXMH:>-C C C X
: O O O >-‘<ltD©M©-qxCn'tO
MCO©W^tOXC*JX©©P-M©Oi:M^J©lti.X©X©MCn©XMMi-'M

97g
915,8
944938
9%
9ifl
9*4
9%
9%

914 R a le ig h ........
Colum bus, G a .
9
M o n tg o m er y . .
9% S e lm a ...........
Colum bus, M iss
8% N a s h v ille ..........
N a t c h e z .............
E u la u la ........
9 ’ 16 S h r e v e p o r t.
Receipts F rom the P lantations.—The following

J a n u a r y 27.

C
D

9%
93,8
914
9%
9>
4
93g

The closing quotations to-day (Friday) at other important
Southern markets were as follows:
9H
N e w b e r r y ...
A tla n ta ........ . . .
93i« L ittle R o o k ___

1 892-93,
MQOtOl^l^Qi-qCO * M cot-1 b3MMtOH©Wfc£>Olfcs>XMfcDMtf*Oi
OOlW050*t-‘Oi<lt01 tD^WHOOOiCOOOOHU'lOOiOWQOO^lOi
©lf>>©|f*lf»-©©COOi- |^C)>^J|fi.Ol<yi<l<l<Dl©©X©M©©WO»©MCR

Em.

S h ip p e d —
V ia St. L o u is .....................................
V ia C airo......................................
V ia H a n n ib a l.....................................
V ia E v a n s v ille .................................
Via L o u isv ille ...................................
V ia C in c in n a ti..................................
V ia o th er r o u te s, <Sso......................

Sin ce
Sept. 1.

1 8 9 1 -9 2 .
Week,

Sin ce
Sept. 1.

&
©
Mcn
M
© M
M
(fiCOWCOMMMCn WMM<3lC-M‘qh-‘COtOW©<ltO©CO©CO(fa.©©05
MOO©©© tf*X © C © © to C © WCi © 00X tOtOOO©<ltOiU©(
O
O
J
(i.tO©t-‘
to w <j w ©
V« ©
© ^ m © wco © a>© © O
’<j© ©"^j
Ol©^lbO©MtOtOi-‘t002©£»-v}tf^©<JCOMtO©0’Mr-*W»-,©M©CO<l to**
© © ^<i^ ^co<ioioo© to© © -iM »^© © co© w to© © © to© toooco
MM tO *-l
COMMCOM©OiOi
to Mh- f- a: © © © to © © ^CCM©MW©©OMtOtOfcOfcOM©©<lM
©W©©tOOlOl©©^©OlXOlOl©MtO©rfs.tOWWOl©<lOO<l©W©
H

Mto

f
co ot -q a m w <i <i£- •
© ► x to © w m ;
-to
^ © toto© o«-q© X '

M;
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;
tf**

x

COMM
MI-4
© tO MC
O
©00 MO O ©Jf- 00 r W tO© 00 © © <1
Ol
f*
wlo w ©% © O'Vi'ifi. © co m ^ V ^ m cnxoo
to © x © © © to c o < i© © x
M<j©»-xcoto©-vi©^JCO©<i©©©M<i

* L o u isv ille figures “ u e t ” In bo th y ea rs.
i T h is v e a r ’s figures estim a te d .
! A ctu a l count.

£
s^ g;
8I f
frS'S

S’*
s a
‘ 8

S *

,

*
A
3
©
&
s

2 2 ,0 5 2

8 0 5 ,1 3 6

3 8 ,098 1 ,1 8 6 ,0 5 6

4,3 5 1
149
8 64

1 5 4 ,7 1 0
16,937
4 1 ,0 2 4

1 7 ,2 1 6
63 9
1 ,2 4 0

2 2 2 ,5 8 3
4 4 ,3 4 1
6 1 ,5 2 1

T otal to b e d e d u c te d .................
HM
a*.
CT O MM
JC
MbCMtO 00 M MW § K
3
h V O 00 Q ^ C C © © Ol
I O-J O D
cn K XMC C 05©<10: © # . C C © MC s g
)"*O
OD
> OH
D
<!©#!"© © to © © M<3O’fc0y©©OitCCh©C0Ch£*00©O!©00©M©tO
© C © oi ©<lCJi|t*©© MOKI ©
O
fc WM© tOC © © WC © © C C< >
O
fl
O
O 0X

1 7 ,3 0 5
6 ,9 3 6
3 ,3 4 2
1,274
4,325
2 ,2 4 4
2,672

5,3 6 4

2 1 2 ,6 7 1

1 9 ,095

3 2 8 ,4 4 5

L ea v in g to t a l n e t o v e r la n d * .. 16,688 5 9 2 ,4 6 5
* In c lu d in g m o v e m e n t b y r a il to C anada.

tO -* m
to
*MM
© M M
tfa.
MMO rf*© © O © C ; to ©M © © WC OlX C “ MW©
'
i
O
O
O
Ol©
C * W W^XtOCOOi; © MH(^ fcO©© ©00Q0Cn<l Oi*QO5#kO500 O'<J tO
O OIO *0 C O © at M; <JfcOtOOi©-JCOtf^CJi©CnChOl©XWX©Orfi.K>
O
© © C H © X M © © © «
CJiOiMWO©XMMa©tO©<lW05tO(t-©tO^
M M

2 3 9 ,8 3 8
138,256
1 1 9 .6 2 3
1 2 ,708
8 8 ,4 3 8
6 6 ,2 4 4
1 0 9 ,9 7 9

T otal g r o ss o v e r la n d ..................
D educt sh ip m e n ts —
O verland t o N . Y ., B o sto n , <feo..
B etw ee n in ter io r t o w n s ..............
In la n d , &o., fr o m S o u t h ..............

HHW wcocoooao • HWOCOKOOCO'd Mtf^WM<J<l©Mrf*' X <j
OCOI^CDIOOIOMIC; ©tO© fcOXM©©CR©©Oi©M©CnC*5Mj O M
i
C0CD<1J.|^00<1' ©©©©Ol©©COM©<IW©©MCn©©! C W
O

9 ,9 2 0
2 ,9 1 7
2 ,5 3 4
71 4
1,585
2,09.9
2,283

4 2 6 ,9 2 4
2 5 9 ,4 5 8
1 4 1 ,3 7 9
2 4 ,995
1 2 8 ,5 8 8
8 7 ,665
1 1 7 ,0 4 7

1 9 ,003

8 5 7 ,6 1 1

The foregoing shows that the week’s net overland movement
this year has been 16,683 bales, against 19,003 bales for the same
weekin 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 265,146 bales.
1892-93.
I n S ig h t a n d S p in n e r s ,
T a k in g s .
R eceip ts a t p o rts to Jan . 2 7 ..........
N et o v erla n d to Jan. 2 7 ..................
Sou th ern c o n su m p tio n to Jan . 27

Week.

S in c e
S ep t. 1,

1 8 91-92.
Week.

S ince
Sept. 1 .

7 1 ,7 6 9 3 ,9 8 0 ,9 0 8 130,607 5 ,4 2 7 ,5 4 0
8 5 7 ,6 1 1
1 6 ,6 8 8 59 2,465 19,003
1 3 ,0 0 0 3 3 3 ,0 0 0 1 2 ,000 3 0 9 ,0 0 0

T otal m a r k e te d ............................ 1 0 1 ,4 5 7 4 ,9 0 6 ,3 7 3 1 6 1 ,6 1 0 6 ,5 9 4 ,1 5 1
Interior sto o k s in e x c e s s ................. * 1 ,7 5 2 3 1 6 ,2 8 6 * 2 9 ,6 5 4 5 2 0 ,3 2 4
Came Into s ig h t d u rin g w e ek .
T o ta l in s ig h t Jan. 2 7 ...............

9 3 ,7 0 5

1 31,956
5 ,2 2 2 ,6 5 9

7 ,1 1 4 ,4 7 5

1,477,461
The above totals show that the iaterior stocks have decreased
during the week 1,752 bales, and are to-night 131,388 bales
less than at the same period last year. The receipts at all the
It will be seen by the above that there has come into sight
towns have been 19,466 bales less than the same week last during the week 99,705 bales, against 131,953 bales for the
year, and since Sept. I they are 948,730 bales less than for the same week of 1892, and that the decrease in amount in sight
same time in 1891-92.
to-night as compared with last year is 1,891,816 bales
N orth’n sp in n er s t a k ’gs to J a n .2 7
* D eorease d u rin g w eek .

*

1,15 4 ,4 0 8

J anuary 28, 1893.]

THE CHRONI LE.

W e a t h e r R e p o r t s b y T e l e g r a p h . — O u r telegraphic ad­
vices this evening indicate that the weather has been some­
what more favorable at the South during the week. The
temperature has been higher and the rainfall has, as a rule>
been light. S n o w fell at some points in the early part of the
week.
G a lv e sto n , T e x a s .— We have had two days of heavy fog
during the week, the precipitation from which has been six
hundredths of an inch. The thermometer has averaged 48,
ranging fram 37 to 60.
P a le stin e , T e x a s. —Rain has fallen on one day of the week,
and there has been snow on one day, the precipitation being
four hundredths of an inch. The thermometer has ranged
from 34 to 70, averaging 47.
H u n ts v ille , T e x a s. —There has been one shower during the
week, the rainfall reaching forty hundredths of an inch. Av­
erage thermometer 31, highest 77, lowest 25.
D a lla s, l e x a s — We have had two days of good rain, the
precipitation being eighty-one hundredths of an inch. There
has also been snow on two days—a continuation of last week’s
storm, which extended over nearly two-thirds of the State.
Locally the snow-fall was about the heaviest ever known, and
is very beneficial to all small grain crops, whether growing or
just planted. The thermometer has averaged 40, the highest
being 63 and the lowest 17.
S a n A n to n io , T exas. —There has been no rain during the
week. The thermometer has averaged 49, ranging from 28
to 70.
L u lin g , T e x a s. —Plowing is well under way. It has been
showery on one day of the week, the rainfall reaching
eighteen hundredths of an inch. The thermometer has
ranged from 21 to 78, averaging 50.
C o lu m b ia , T e x a s . —There has been one light shower the past
week, the precipitation being fifteen hundredths of an inch.
Average thermometer 46, highest 63, lowest 30.
C uero, T e x a s. —Have had welcome showers on two days of
the week to the extent of eight hundredths of an inch. Break­
ing of ground for new crops is progressing actively. The
thermometer has averaged 50, the highest being 72 and the
lowest 28.
B re n h a m , T e x a s. —Plowing has begtm on uplands. The
weather has been dry but cold all the past week. The ther­
mometer has averaged 49, ranging from 27 to 71.
B e lto n , T e x a s. —Small grain planters are much encouraged
and plowing and planting are active despite the cold weather.
Rain on two days and snow on one have resulted in a precipi­
tation of one inch. The thermometer has ranged from 23 to
68, averaging 46.
F o r t W o rth , T e x a s , —The weather is too cold for much field
work, but small grains are having a splendid start, especially
in the Panhandle, where there is said to be a very large in­
crease in all small grain planting. There have been fine rains
on two days of the past week and a splendid snow storm on
two days. The rainfall reached eighty-two hundredths of an
inch. Average thermometer 41, highest 64 and lowest 18.
W e a th e rfo r d , T e x a s. —Snow and rain have fallen on
two days of the week and both were very welcome and bene­
ficial. The precipitation reached eighty-one hundredths of an
inch. The thermometer has averaged 40, the highest being 64
and the lowest 17.
N ew O rleans, L o u is ia n a . —We have had no rain the past
week. The thermometer has averaged 49.
S h re v e p o rt. L o u is ia n a . —Dry weather has prevailed all the
week. The thermometer has ranged from 26 to 68, averaging

169

M a d iso n , F lo r id a .—Telegram not received.
C olum bus, G eo rg ia .—We have had no rain during the week.
Average thermometer. 39, highest 60, lowest 14.
S a v a n n a h , G eorgia .—Dry weather has prevailed all the
week. The thermometer has averaged 46, the highest being
69 and the lowest 26.
A u g u s ta , G eo rg ia .—The weather has been clear and pleasant
the past week. Average thermometer 40, highest 65, lowest 20.
C h a rlesto n , S o u th C a r o lin a .—The weather has been clear
during the week. Average thermometer 44, highest 69,
lowest 23.
S ta te b u r g , S o u th C a r o lin a .—We had sleet and snow on on®
day early in the week, the snow being five to six inches in
depth. The weather was very cold until the last two
days. It is now mild and pleasant but there is still some sdow
on the ground. The thermometer has ranged from 14 5 to 60,
averaging 35-3.
W ilso n , N o r th C a r o lin a .—There has been no rain the past
week. The thermometer has averaged 32.

The following statement we have also received by telegraph
showing the height of the rivers at the points named at 3
o’clock January 26, 1893, and January 28, 1892.
J a n . 26 , ’93. J a n . 28 , ’92:
Feet.
0*5
21*8
12*7
8*2
26*1

F eet.
5*0
2*1
3*4
196
7*0

N ew O r le a n s___
M em phis..............
N a s h v ille ............
8 h r e v ep o rt..........
V icks 'Hire:............ ___A b ove lo w -w a te r m ark.

I n d i a C o t t o n M o v e m e n t p r o m a d d P o r t s . —The receipts
and hipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to January 26.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.

S h ip m e n ts th is w eek.

S h ip m e n ts sin c e Sept. 1.

Year G reat C o n ti­
G reat
B riV n . n e n t. T otal. B r ita in
’92-3
’91-2
’90-1
’9-90

8,0 0 0 8 ,0 0 0
9,000 9 .0 0 0
13,000 13,000
3.0 0 0
3 ,0 0 0

C o n ti­
n e n t.

8,0 0 0 1 5 5 .0 0 0
6 ,0 0 0 7 1 .0 0 0
13.000 9 2 .0 0 0
4 8 .0 0 0 1 89.000

Ship?nents fo r th e week.

R eceipts,
T h is
Since
W eek. 1 Sept. 1.

T otal.

4 4 .0 0 0
36,000'
55,000;
67.0001

1 6 3 .0 0 0
7 7 ,0 0 0
1 0 5 .0 0 0
2 3 7 .0 0 0

3 7 9 ,0 0 0
2 6 3 ,0 0 0
4 8 1 ,0 0 0
5 9 0 ,0 0 0

S h ip m e n ts sin ce Sept, 1,

11,000
1 5 .0 0 0

1 5 ,0 0 9
1 9 .0 0 0

6 ,0 0 0
1 0 .000

1 9 .000
2 4 .0 0 0

2 3 .000
2 6 .0 0 0

4 4 .0 0 0
4 6 .0 0 0

3 8 .0 0 0
3 8 .0 0 0

4 0 .0 0 0
5 1 .0 0 0

7 8 .0 0 0
8 9 .0 0 0

1,000

1 ,0 0 0

T otal a ll—
1 8929 3 ...
..........
1 8 9 1 -9 2 ...

4 .0 0 0
4 .0 0 0

Total.

C o ntinent.

2 1 .0 0 0
2 0 ,0 0 0

O aloutta—
1 S 9 2 -9 3 ...
1 8 9 1 - 9 2 ...
M adras—
1892- 9 3 ...
1891- 9 2 ...
All o th er s—
18929 3 ...
..........
18919 2 ...

Great
B r ita in .

1 3 .0 0 0
14.000

G reat 1 C onliB r ita in . n e n t.

1,0 0 0

1,0 0 0

Total.

EXPORTS TO EUROPE FROM ALL INDIA.

1891-92.

1892-93.
S h ip m e n ts
to a lt E u ro p e
fr o m —

T h is
w eek.

S in c e
Sept. 1.

B om bay.............
A llo th er p o r ts.

8 ,0 0 0
1,000

1 6 3 ,0 0 0
7 8 ,0 0 0

T o ta l...........

9 ,0 0 0

T h is
w eek.

2 4 1 ,0 0 0

9 ,0 0 0
.........
9 ,0 0 0

1890-91,

S in c e
Sept. 1.

T h is
w eek.

S in c e
Sept. 1.

7 7 .0 0 0
8 9 .000

1 3 ,000
6,000

1 0 5 ,0 0 0
9 9 ,0 0 0

1 6 6 ,0 0 0

1 9 ,000

2 0 4 ,0 0 0

A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through

arrange­
C o lu m b u s, M is s is s ip p i. —Plantation stocks are said to be ments we have made with Messrs. Davies, Benachi & Co,, of
exhausted. Receipts will be light in future. No rain has Liverpool and Alexandria, we now receive a weekly cable of
fallen during the week. Average thermometer 37. highest the movements of cotton at Alexandria, Egypt. The following
63, lowest 8.
sre the receipts and shipments for the past week and for the
L e la n d , M is s is s ip p i. —There has been no rain the past week. sorresponding week of the previous two years.

The thermometer has averaged 47*7. the highest being 76 and
the lowest 16.
M e r id ia n , M is s is s ip p i. —The weather has been mild and
pleasant pretty much all of the week. Very little cotton is
being received, and it is estimated that only about five per
cent remains on plantations.
L ittle R o ck, A r k a n s a s . —The past week has been fair to
clear, and for the most part pleasantly warm, which has
melted the snow so gradually as to do no harm. The ther­
mometer has averaged 43*6, ranging from 11 to 67.
H elen a , A r k a n s a s . —The latter part of the week has been
warm but the snow is not all gone. We have had no rain. The
thermometer ranged from 23 to 64, averaging 44.
M em p h is, T ennessee. —The weather has been dry all the
week. The thermometer has averaged 45*3, the highest being
68*3 and the lowest 12*9.
N a sh v ille , Tennessee. —There has been no rain the past week.
The thermemeter has averaged 35, ranging from 4 to 66.
M obile, A la b a m a . —The weather has been dry all the week.
The thermometer has ranged from 22 to 69, averaging 46.
M o n tg o m ery, A la b a m a . —We have had mild and pleasant
weather all the week. Average thermometer 43, highest 59
and lowest 28.
S elm a , A la b a m a . —The weather has been cloudy part of the
week, but no rain has fallen and at the close it is mild and
pleasant. The thermometer has averaged 42, the highest be­
ing 63 and the lowest 21.
A u b u rn , A la b a m a . —The week’s rainfall has been forty-five
hundredths of an inch. The thermometer has averaged 38,
ranging from l l -5 to 59-5.

A .le xa n d ria , E g y p t,
J a n u a r y 25.

1892-93.

1890-91.

1 0 0 ,0 0 0
4 ,4 5 0 ,0 0 0

B eoeip ts (oantara*)___
T h is w e e k ___
Sinoe 8 e p t. 1 .

1891-92.
1 1 0 ,0 0 0
3 ,8 1 4 ,0 0 0

1 0 0 ,0 0 0
3 ,1 5 2 ,0 0 0

S in c e
T h is
w eek. Sept. 1.
E qporta (bales) —
To L iv e r p o o l..............
To C o n tin e n t..............

T h is
Since
S in c e
T h is
w eek. Sept. 1.! w eek. Sept. 1.

8,0 0 0 2 4 3 ,0 0 0
5 ,0 0 0 lc 4 ,0 0 0

7.0 0 0 2 2 5 .0 0 0 13,000 2 01,000
3 .0 0 0 1 07.000 3.000 1 13,000

T o ta l E u r o p e .......... 13,000 3 9 7 ,0 0 0 1 0 ,0 0 0 3 3 2 ,0 0 0 1 6 .0 0 0 l3 1 4 .0 0 0
• A o a n ta r Is 9 8 p ou n d s.
M a n c h e s t e r M a r k e t . —Our report received by cable to-night
from Manchester states that the market is firm for both yarns
and shirtings. Manufacturers are reducing output. Wo give
the prices for to-day t>elow and leave those for previous weeks
of this and last year for comparison:
1891-92

1892-93.
32# Cap.
Tw ist.
D c .2 3
“ 30
Jan . 6
“ 13
“ 20
“ 27

d.
7%
7%
7 7s
8
8Je
8>4

d.
®S5s
® 83s
®8%
*8%
® 8 7s

8 1 Lbs.
*
S h ir tin g s .
s. d.
s.
5 8 ®7
5 8 ®7
5 S8i® 7
5 9 ®7
5 9 ®7
5 10 ® 7

C ott'n
M id. 32# Cop.
Tw ist.
TJplds

d.
d.
3>s 5M
31$ 5 5ia
3Lj 53g
4
53ie
4
5Sis
5
5*8

a.

d.

63» ®7>s
6% ®7>s
61« ® 7 tj
60s ®7»s
63» ®7>s
6U is® 7L )

S H lbs.
S h ir tin g s .
«.
5
5
5
5
5
5

d.
6
6
5
5
6
6

s. d.
SO U
3 6 11
36 9
36 9
3610
3 6 1 0 ‘s

O ott'n
M id.
U pld

d.
4V
4 3 ,8

* :1«
44)

THE CHRONICLE.

170

[VOL. L T I.

J u t e B u t t s , B a g g i n g , & c .— T h e d e m a n d l o r j u t e b a g g i n g

T h e F o l l o w in g a r e t h e G r o s s R e c e ip t s o p C o t t o n i t

d u r i n g t h e w e e k u n d e r r e v i e w h a s b r e n l i g h t , b u t q u o t a t io n s

New York, Boston, Philadelohia and Baltimore for the pa t
week, and since September 1, 1892.

a r e u n c h a n g e d a t o ’ ^c. fo r 1 % lb s ., 6 c . f o r 2 lb s . a n d O j^c. fo r
sta n d a r d g r a d e s.

J u t e b u t t s a r e in a c t i v e a t l t ^ c . fo r p a p e r

g r a d e s a n d 2 c . f o r b a g g in g q u a lit y .
E x p o r t s o p C o t t o n G o o d s p r o m G r e a t B r i t a i n . — B e lo w

wa give the exports of cotton yarn, goods. &c., from Great
Britain for the month of Decrmber and for the calendar years
1892 and 1N9L, a3 compile l by us from the British Board
of Trade returns. It w i l l be noticed that we have reduced
the movement all to pounds.
COOs

Ro ip* Y . T U ine S e T isS c
et
femwe. p. rh h p.1 eke t hke te
rc — k t a cS t weSin.w Sin.
. p ic . p
eS
e nS c
.
e
NKW

ork

TM i

•Since
1.

N O rle a n s . 11,461
Y e ra B .. ..
10.931
S a v a n n a h . 3,159
.........
H a b il e _
_
048
F lo r id a ....
591
3o. C a ro l’*.
N o .C a ro lV
150
1,125
V ir g in ia ..
3 o r tb n p tf
534
P e n n .. &o..
667
F o r e ig n ....

1892.

1892.

l p9 i.

412,552 77,203 78,722
423,178 84,738 80,750
428,708 85,800 81,831

98,194
108,304
109,786

O'!,764
103,491
104.013

04,908 1,205,706 1,234,5 ir M7.-?4]|34!,303

810,284

306,268

1893.

1891.

403.774
443,181
448,751

1891.

J a n u a r y .......
F e b ru a ry —
M a r c h ...........

20,001 20,012
23,563 22,741
28,983 22,182

T o t .l a t q u a r.

38,540

1592.

1891.

71,396 75,518
75,691 72,800
63,522 70,077

91.415
94,532
84,008

98,281
93,6-18
90,571

Bti.SlO 64,155 1,117,178 1,144,331 213,609J218,395

373,401
395,863
347,911

A p ril.............. 20,010 22.763
M a y ............... 18,841 20,898
J u n e .........^ .. 17.4SH 20.494

895,714
381,478
307,204

269,955
98.759
98.779
08,429

101,5^9
102,090
103.367

62,276 30.933 j1,222,243 1.242.890 233.601 237,116

2D5.&67

307,052

T o ta l 6 m os.. 187,165 199,056 3,635,127 3,051,403 605,041 096,814

832,206

805,070

440,815 76.035 84,125
390,40(5 81,135 76,210
420,911 SO,482 80,327

97,115
104.017
98,745

107,403
97,352
100,478

T o ta l 4 th qr. 32,225 34,541 1.238,138 1,261,222 237.652 240,692

290,877

305,233

T/»i?

T o t. 2d q u ar.

J u l y ................ 18,959 23,192
A u g u s t.......... 21,050 22,900
S e p te m b e r .. 22,237 23.844
T o t. 3d q u a r.

O c to b e r.......
N o v e m b e r...
D e c e m b e r...

417,35“
400,562
398,325

21,' 8C 23,278
22,882 21,112
18.233 20,151

396,143
4-2.715
419.310

T o ta l y e a r... 240.300 •268.597 4,873,2-(5 4,012.031 982.693 937,500 1,182,033 1,201,103
1.68«

Sundry articles..................................................
Total exports of cotton manufactures.

1,8*8

24,055

S to c k in g s a n d so ck s.

23,ie4

t.207.824 1,226.0*5

B a l t im o r e .

r-

•

—

.

.........
.. ..

59,057

442

210
9,909
1,731
003

22,047
204,085
56.4 U
9,07 *

655

27,9 G ?29,*25 11,613

350,697

28 476 1.002.389 19.340

434574

7,530
49.001
10,836
23,009
30,310
15,347

5.336

624

49,609

.........

0.320
4.540
25.212

1,911

52,174

2,143

37,931

1.8 3D

43,408

4,708

140,014

1,980

01.^ot

4.1 a-j

189,623

721

S h i p p i n g N e w s . —The

exports of cotton from the Umted
States the past week, as per la te s t m a il returns, have reached
72,324 bales.
T otal bales.

282,550

410,801 79,800 78,397
414,989 77,723 79,196
410,700 76,162 79,523

T h is y e a r
L a st y e a r

P h i l a d e l p h ’a

2,115

T t loA .
oa f V
o itea &he d C t .
mtYmT r a . loh
d
L s b. Y s Y s ■L s b. L s L s
b.L s d. d. b.L s b. b.
.

421,414
182.357
160,856

BOSTON.

N e w Y o r k —T o L iverp ool. per stea m ers G allia, 6 9 5 ___N a r o ire ,

2,51-2___ S t aho, 1,4 3 1 . U m bria, 1,485 .................................. 6 ,1 2 3
To H ull, 'per steam er B uffalo, 6 5 .......................................... .........
65
To H avre, per stea m er La C ham pagne. 1 5 2 .................................
182
To B rem en, p er ft*am er D resden, 1,16 ' ........................................ 1 .1 6 3
To A n tw erp , p er stea m ers D e R u yter, 1 ,3 5 0 _ F rieslan d ,
_
3 24 . . . ........................................ .............................................................. 1 ,6 7 4
N e w O r l e a n s —T o L iverpool, per stea m ers P a lU s, 5 ,2 0 0 . . .
R am on d e L a irin a g * , 7J350
T exan . 2 ,8 0 0 ........................... 1 5 ,8 5 0
7,673
To B rem en, per steam er Fresbll-dd, 7 .6 7 3 .
To H am burg, per steam er V a 'esia , 175.
175
GALVESTON—Tn BremeD, oer steamer Bisliopsgate, 6,189........... 6,189
M o b il e —T o L ive rp o o l, p e r steam er Rami**h, 7,408 ..................... 7,408
S a v a n n a h — L Genoa, p e r steam er Pocas^et, 6 .8 > '3 ..................... 6,833
’o
C har lesto n —T o B arcelona, per steam er M erchant P rince, 4.100 4,100
west P o in t — o Brem en, per steam er Sandtteld, 2 ,9 0 0 ............ .
T
2,900
Boston —T o L ive rp o o l, per steamers B ostonian, 4 0 1 _ Pavo_
nia. 2 ,0 6 1 . ......................................................................................
2,461
B a.l t i . ore —T o L ive rp o o l, p e r steamers M ongolian, 3 ,2 3 2 _
m
_
Sedgemore. 1,723................... .......................... ............ .
4,955
To H avre, per steam er G ovino, 1,350......................................... 1.350
To Bremen, pe r steam er W eim ar, 2,482 ............ ......................
2,482
To Rotterdam , p e r eteareer C a litio , 250 ......................
250
To A n tw e rp , per steam er R ia lto , 4 9 0 ........................................
490

The foregoing .shows that there has been exported from the
United Kingdom during the twelve months 1.207 ,824.000 lbs. of
manufactured cotton, against 1,223,085,000 I d s . last yeir, o r a
decrease of 18,201,000 lbs.
T o tal.......... .............. .............................. ........................... .
72,32 4
A further matter of interest is the destination of these
The particulars of these shipments, arranged in our usual
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal form, are as follows:
B r e m e n R oller- B arcccountries during December and since January 1 in each of the
L iv e r& H a m - d a m eg Io n a <•
£
last three years:
pool.
n i f i . H avre. b irq.
r>u\
EXPORTS OF PIECE GOODS AND YARN'S TO PRINCIPAL COUNTRIES IN
DECEMBER, AND FROM JANUARY 1 TO DECEMBER 3 1 .

P o Ge .)
ieeit os
c od.
mt d

(000s

Dc me. J nt Dc
ee br a . o e.
|

1892.

1801.

1890.

1

1892.

31.

1890.

1891.

JffiahL i n a ie s ................................ 163,350 174,677 213,310 2,109,630 2.121.09112,289.477
T u rk e y , tg v p i a n d A lric a ...
53,651 02,055 52,434 650,134 747,650 710,874
C h in a an d J a p a n ....................... 03,027 63,405 50.352 572,666 505,25.* 033,697
E u r o p e (e x c e p t T u r k e y ) ........ 25,559 28,231 28,265 277.126 848,061 8)8,159
S o u th A m e ric a .......................... 05,213 38,047 40.42) 002.703 480.270 515,701
N o rth A m e ric a ........................ 28.220 26,776 80,0.44 283,700 8 '5,011 331,003
A ll o th e r c o u n t r ie s ................. 21,889 24.702 25,570 287.1S3 314,695 285 010
Totf-.J y a r d s .......................... 419.309 420,013 455,396 4,873.295 4,912,633 5,124,271
T o ta l v a lu e ........................... £4,234 £4.453 £4.920 £48,785 £53,455 £51.152

Ymt d
an e
s
orit. .)

(000s
H o lla n d ........................................
G e rm a n y .
O th . E u ro p e (ex cep t T u rk e y ;
E a s t I n d ie s ..................................
C h in a a n d J a p a n .......................
T u r u e y a n d E g y p t...................
A ll O tn er c o u n tr ie s ..................
T o ta l l b s ................................
T o ta l v a l u e ..........................

?,959
2,61:
8,24E
2,785;
1,004
2.340
9311

k

16,875
£744

36.071
20,073
46,131
4 J ,ia
31,886
34.0T
12, (02

32,421
80,409
55,416
53,157
27,971
34,521
11,022

34.673
33,473

233,224
49.606

245,517
£11.100

258,123
£! 2 3 2

3.015
2,71
4,62>
5,10') ,82*2,80>
1,027

2,77-'
2,113
4,160
4,-i 52
1,718
2,363
940

18,53:-. 21,23
£*3f1.03'

52,540
c 8.i 57
33,620
10,475

S ew Y ork..............
N. Orleans.............
G alveston ..............
M o b ile ....................
Savannah.. ___ _
Oharlesti’n .............
West P o i n t ..........
B o sto n ...................
B altim ore.............

6,1 2 3
1 5 ,8 5 )

T o t a l.................

3 6 ,7 9 8

7,4 0 8
_____
_____
___
2 ,4 6 2
4 ,9 5 5

65
_____

182

........ .

_____
_____
_____
_____
_____

_
_
..........
65

1,3 5 9

1,163
7,8 4 8
6,1 8 9
___
_
2 ,9 0 0
___
2 ,4 3 2

1 ,6 7 4

6,8 3 3
4 ,1 0 0
740

1,5 3 2 2 9 .5 8 2 2 ,4 1 4 1 0 ,933

9 .2 17
2 i.6 9 3
6 .1 8 9
7 ,4 0 8
6 ,8 1 3
4,1 M
2, 100
2 ,1 6 2
9 ,5 2 7
7 2 ,1 2 4

Below we add th c le a r a n c e s t h i s w e e k o f v e s s e l s a r r y i n g
cotton from United States ports, bringing our data o v a to
the latest dates:
G alv esto n —T o L iv e r p o o l-J a n . 2 5 -S te a m e r D aybreak. 7,1 5 3
To H a v r e — a n . 21 —S team er W bitelia 1. 7,6 3 3 .
J
Ne w O r le ans — fo L iverp ool—Jan . 2 1 —Steam er P rofessor, 3 ,6 0 0 ----Jan. 2 5 —S team er E rn esto, 6.S35.
To H avre Jau. 2 1 — steam er H avre. 6 200.
To Vr-ra Cruz Jan. 21 —Steam er R aven sd ale. 61".
S avannah —To B r e m e n - J an. 2 6 - S team er A cm e, 5,836.
Ch a r l e st o n —To Warburg Jan. 2 3 —
Bessel , 1 ,2 )0.
W il m in g t o n —To B -em m —Jau. 21 - S te a m sr -u y Colin 7 ,2 1 7 .
No r f o l k — To L iverp ool -J a n . 2 3 -S te a m e r S in ta n d er m o , 1 ,9 0 4 .
B o s t o n — To L iv e r p o o l-J a n . 1 8 —Steam er G eorgian, 521.
To Yarmouth.—J a n . 2 '—Sseam or B o sto n . 45.
To H ilita x Jan . 21 - Steam er H irlaw , 103.
B a l t im o r e — To H am b urg Jan. 21— S t -amor Stubbenhuk, 9 1 1 .
P h i l a d e l p h i a — To L iverp ool—Ja n . 2 5 —Steam er Ohio, 134.

The E x p o r t s o p C o t t o n from New York this week snuw . a
decrease compared with last week, the total reaching 9,207
bale3, against 12,103 bales last week. Below we give our
usual table, showing the exports of cotton from New York,
Below we give all news received to date of disasters to
and the direction, for each of the last four weeks; also the vessels carrying cotton from United States ports, &c.:
total exports and direction since Sept. 1, 1892, and in the last H e n r i e t t a H ., steam er (B r.), P.-r^r, from G alveston for H am b urg,
column the total for the same period of the previous year.
before rep orte i aground off O tten dorf, lie s In a bad p osition . It
EXPORTS OF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1 . 1 8 9 2

W eek E n d i n g —

T otal
sin c e
Sept. 1.

Sam e
p e r io d
p re v io u s
y ea r.

E xported , to —

Jan.
6.

Jan.
13.

Jan.
2o.

Jan.
27.

L iv e r p o o l.....................
O th er B r itish p o r ts ..

I,!i0 4

5 ,5 6 6
294

7 ,2 7 5
7.: 0

6 ,1 2 3
65

1 8 2 ,1 1 0
4 4 ,2 1 0

2 0 6 ,9 7 2
4 4 ,2 6 8

T o t . to G t . B e it ’n .

3 ,5 0 1

5 ,8 6 0

8 ,0 2 5

6 ,1 8 8

2 2 6 ,3 7 0

2 5 1 ,2 4 0

H a v r e .. ..........................
O th er F r e n c h p o r ts ..

605
..........

374
..........

695
........

182
..........

9.G87

1 6 ,970

T o ta l F l e n c h ___

665

371

695

182

9 ,6 8 7

1 6 ,970

B r e m e n .........................
H a m b u r g ......................
O th er p o r t s ..................

3 ,7 0 0

300

1,163

19
2,3 0 2

i,io 2

3,0 8 3

1.674

14,6 5 3
2 ,9 4 4
2 j ,O ib

2 0 ,369
3 3 ,2 5 6
3 9 ,0 8 5

3 ,3 8 3

2 ,8 3 7

4 0 ,6 4 5

9 2 ,7 1 0
2 0 ,3 3 4
655

T o t . t o N o .E u k o pe

2,321

4 ,6 0 2

S p a in , I t a ly , & c..........
A ll o t h e r ............ ...........

G47
..........

50
..........

..........

9,5 3 2
561

T o t a l S p a in , &c ..

617

50

..........

1 0 ,0 9 3

2 1 ,9 8 9

2S6.70S

3S 1.909

G r a n d T o t a l ___

5,1 ' 11. •

1 2 ,1 >3 9 ,2 0 7

is feared th a t sh e w ill go to p ieces.
approach her.

L 'g a ters are u n ab le t o

Cotton freights the past week have been as follows:
| S a tu r .

jWon.

T ues.

W ednes. T h u r s.

L iverp ool, steain .d
5€4
564
664
5ei
5«4
....
Do
later..</.
H avre, s te a m . . .<!.
«
764
S32'^1
^ S3S® ■
—
—
__ _
___
___
Do
................ <
1.
B rem en, s t e a m ..d.
533
6 2
BS2
5S2
___
....
....
Do
.............. d .
....
....
H am burg, stoam d.
®sa
533
B33
bS3
B32
....
___
—
...
Do
........... d.
25*
25*
25*
A m s’dam , steam .c.
30*
25*
___
30*
30*
30*
Do
la te r ., c.
30*
R eval, s te a m — d. i f f 4 'ft *4 1164'®14
**64® *4 n e4® t i
....
....
....
Do
...................<?.
....
B ’lo n a ,v ia M.’si’s rf.
>4
x4
n
J4
G enoa, s t e a m ...d .
X1S4
n 04
“ S,
1]e ,
©
T rieste.v. Loud’ n d.
13
l l 64'®316 i i s ■ h e 1164®'316 lI S* ® S
31S
333
Antwerp* steam .d. 3S j 'H7p4
3:«
S32
SS2
*fcC ents per 1 00 lbs.

F r i.
E64
....
....
—
S»9
....
25*
30*
....
- ‘ il
'1
'H
-3

THE CHRONICLE

J anuary 38, 1893.]

L i v e r p o o l .— B y c a b le f r o m L iv e r o o o l w o h a v e t h e f o l l o w i n g
s t a t e m e n t o f t h e w e e k ’s s a le s , s t o c k s , & o ., a t t h a t p o r t :
J a n . 6.
Bales o? th e w e e k ............. Dales.
O f w h ich e x p o r te rs t o o k .. ..
Of w h ich sp e cu la to r s lo o k ..
B ales A m e r ic a n ...........................
F orw ard ed . ............................. ..
T otal sto ck —E stim a te d ............
O f w h ich A m erican—E su m ’d
T otal Im port o f th e w e e k ..........
Of w h ic h A m erica n ................
A m ou n t aflo a t...............................
O f w hich A m e r ic a n ..............

J a n . 13.

J a n . 20.

J a n . 27.

SO 000
5 1 .0 0 0
3 1 .0 0 0
3 2 .0 0 0
3 ,0 0 0
5 .0 0 0
3 .0 0 0
3 .0 0 0
1,«*00
2 .0 0 0
3 .0 0 0
1.000
3 9 .0 0 0
2 5 .0 0 0
2 7 .0 0 0
2 5 .0 0 0
6 .0 0 0
8.0 0 0
1 2 .0 0 0
1 9 .0 0 0
4 7 .0 0 0
4 6 .0 0 0
4 8 .0 0 0
5 4 .0 0 0
1.6* 0 .0 0 0 1 .6 1 3 .0 0 0 1 .6 3 7 .0 0 0 1 .6 4 4 .0 0 0
1 ,3 7 6 ,0 0 0 1 .3 9 7 .0 0 0 1 .4 2 0 .0 0 0 1 .4 1 6 .0 0 0
7 2 .0 0 0
7 7 .0 0 0
6 9 ,Out)
7 6 .0 0 0
4 9 .0 0 0
6 7 .0 0 0
5 1 .0 0 0
4 2 .0 0 0
1 5 1 .0 0 0
140,0< 0
1 2 5 .000
1 3 6 .0 0 0
1 4 5 .0 0 0 130,0k 0 1 1 5 .0 0 0
1 3 0 .0 0 0

171

No. 3 red winter at 2c. under May f. o. b. from store and No.
2 hard Manitoba at 3%c. over May delivered.
OA1I.T CLOSING FRICKS O F KO. 2 B E D W INTER WHEAT.

Aurll d e liv e r y .

,c.
.0.
,c.

S a t.
7*1*
7d%
8 ( 13
4
6 17fl
r S 8*
81*8

M on.
7-3*
7!)
80%
8112
32 %
83
8 3 'a

Tucs.
7 8 7*
79*4
803a
81%
82%
83%
83%

Wed.
78%
7»%
80%
818*
8238
82%
83^

T hure.
7H \
79%
8 0 '%
81%
82%
83
83%

F rt.
711U
78%
80%
82
82%
83 %
83%

Indian corn futures have been quiet and the market has
weakened slightly owing to an increase in the crop movement.
The uncertainly regarding the destiny of the Anti-option bill
also has a depressing influence upon values. The spot market
The tone of the Liverpool market for spots and futures eac h has been dull. The sales yesterday included No. 3 mixed at
day of the week ending Jan. 37, and the daily closing price i 533^®o3%c. in elevator and 54]ltd54%c. delivered ; aLo yel­
of spot cotton, have been as follows:
low at 54J^c. delivered. Tc-day the market was moderately
active and decidedly higher on buying for Western account.
S a tu r d a y M o n d a y . T u e sd a y. W ednes, T h u r s d ’y. F r id a y
The spot market was firm and higher. The sales included
F u lly
D ull b u t
M arket,
F u lly
S m all
Q n iet.
No. 2 mixed at 54)j|@ 54;J
4'c. in elevator and 55)^'g55J4'e.
in q u ir y .
1:45 p.
j m a in t’noo H a r d e n ’?. s te a d y . m a in t’n e d
delivered.

S o.
pt
1
M
.

M ld.U pl’d8.

5 3 ia

5 8i s

5 318

5»18

5 3 I8

B a le s ........ ..
Spec. & exp.

4 ,0 0 0

6 ,0 0 0
500

4 ,0 0 0
500

6 ,0 0 0
500

7 ,0 0 0
500

4 ,0 0 0
500

S te a d y a l
1-64 d e ­
c lin e .

O u le t a t
1-64 a d ­
vance.

S tea d y .

S te a d y a t
n a rtia lly
1-64 dec.

E a sy .

Ft rs
uue.
) 3-*4 artvanoe.
M arket, {
4

M arket,
1:45 p. M. j

Q u ie t at

5%

D A ILY CLOSING FBICKS O F NO. 2 M IXED CORN.

S at.
.0. 53%
0. 53
.0. 533*
.0. 53%

M on.
5330
5330
5<%
53%

Wes/..
5330
5338
53%
53%

Tues.
53%
53 >3
53%
53%

T h u rs.
533^
f>3=H
53%
53%

*Vi.
55
55
51%
54 >
4

Oats have been dull, and there has been a slight decline in
values in consequence of an increased crop movement and in
Q n iet.
S tea d y .
P . M. [
sympathy with the weaker feeling in wheat and corn. To­
The opening, highest, lowest and closing prices of futures day the market was a trifle ;higher in sympathy with the rise
*
at Liverpool for each day are given below. Prices are on in corn.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
tho basi3 of Uplands, Low Middling clause, unless otherwist
B are ly
s te a d y .

Q n ie t a n d Q u ie t and Q u ie t an d
ste a d y .
s te a d y .
s te a d y

sta te d :
F V The p r ic e s a re g iv e n in pence a n d G itfi,
4 63-64d „ a n d 5 01 m e a n s 5 l-6 4 tt.
H a t,, J a n . 2 1 .
Open

H h Olos.
igow.
L

R Iou., J a n . 2 3 .

T hus;

4 63 m eans

T u e s .. J an 2 4 .

Open High Low. Olos. 'Open High Low. Olo.

d.
Janu ary....
Jan.-F eb...
Feb.-Mch..
Mch.-April
April-May..
M ay-June..
June-July..
July-A uk...
Aug.-Sept..

d.

d.

d.

d.

d.

(2.

d.

d.

d.

d.

d.

510
510
5 10
5 12
5 13
5 15
5 17
518
518

5 11
5 11
5 11
5 12
5 14
5 15
5 17
5 19
5 18

5 10
6 16
5 10
5 12
5 18
5 15
5 17
5 18
5 18

5 11
511
5 11
5 12
5 14
5 15
5 17
5 19
5 18

5 10
510
510
511
5 13
5 14
5 16
517
517

5 10
&10
5 10
512
5 13
5 15
5 16
518
5 13

5 08
508
5 08
5 10
5 11
513
5 14
5 16
5 16

5 09
5 09
5 09
5 10
5 11
513
5 14
5 16
5 16

5 03
5 08
5 08
5 09
5 11
5 12
5 14
5 15
5 15

5 09
5 09
5 09
510
5 11
5 13
5 14
5 16
5 16

5 03
5 08
5 OS
5 09
510
5 12
513
515
515

5 0t
5 Ot
5O
fc
5O
S
5 11
5 12
511

W e d ., J a n . J 5 .

5 15

1 T h u r n ., J a n . 2 6 . 1 F r l . , J a u . 2 7.

Open High Low. Olos. Open High Low. Olos. Open High Low. Ulo
d.
d.
A.
d.
d.
d.
d.
d.
d.
d.
d
d.

Ja n a a ry _
_ 5C9 5 10
J a n .- F e b .. . 5 09 510
Feb.-Mch... 5C9 510
Mch.-April. 5 10 5 11
April-May.. 5 12 5 13
-M ay-June.. 511 5 14
J u n e - J u ly .. 515 516
July-Aug... 5 17 5 17
A u g .-S e p t.. 5 17 5 17

5 08
6 0^
5 08
509
510
5 12
5 13
515
5 15

5 08
5 08
h 08
5 09
5U
5 12
5 14
515
515

5 05
5 05
5 05
5 06
5 07
5 09
5 10
5 12
5 12

5 05
5 05
5 03
5 06
5 OS
5 09
511
5 12
512

5 04
5 04
5 04
5 06
5 07
5 09
5 10
5 12
512

5 05
5 05
5 05
5 06
5 08
5 09
511
5 12
512

5 04
5 04
5 04
5 05
5 07
5 c8
5 10
5 11
511

5 04
5 01
5 04
5 00
5 07
5 09
510
5 13
512

501
5 01
5 04
5 05
5 06
5 08
5 09
511
511

5 04
5 04
5 04
5 07
5 08
5 10
511
511

B R E A D S T U F F 3 .
F r id a y , J a n u a ry 2 7 , 1893.

fa n n a ry d e liv e r y ............o.
,c.
February d elivery.
M arch d e liv e r y ___
Hay d e liv e r y ................ _.o.

Sat.
39
39%

39
39%

M on.
38%
38*8
39%
39%

Tues.
38*8
38%
3938
39%

Wed.
38%
38%
39
39%

Thun.
38%
38%
3%
39%

F t* .
38%
38%
39%
39%

Rye has been dull and prices have weakened a trifle in re­
sponse to easier advices from the West. Barley has been quiet
but steady.
FLOUR.

j'ln e ....................s bb l. ?1 8 0 ® $ 2 00 P a ten t, w in ter ______$3 S5 a ? 4 2 5
iup erflne....................
1 9 0 ® 2 25 C ity m ills e x tr a s ____ 4 0 0 ® 4 1 0
ix tr a , No. 2 ................ 2 10® 2 35 R y e flo u r.sn o e rlln e.. 3 r o e 3 3 0
Sxtra, N o. 1 ................ 2 3 5 ® 3 00 B u ck w h eat flour........ 1 8Q<2 1 9 0
H e a r s............................. 2 8 5 ® 3 35 Corn ureal—
S tra ig h ts...................
3 4 0 ® 4 15
W estern, &o.......... . 2 6 5 © 2 8 5
la te n t , s p r i n g . .. .. .. . 4 1 5 ® 4 65
B ran dyw ine.............
2 90
[W heat Hour in sa ck s sells a t p rices below th o se for barrels.]
GRAIN.
c.
c.
Corn, per bush.—
c.
Wheat—
0.
opring, uer b u sh . . . 68 © 9 0
W est’u m ix e d ........ 5 0
57
>
Red w inter N o 2 . . 7 9 Q 80%
Steam er N o 2 ......... 55%© 56%
82
Bed w in ter.............. 65
W estern y e llo w . . . 53
57
W estern w h ite ........ 53
White ....................... 6 9 ® 80
58
0 * w —M ix e d ..# bu . 37% ® 4 0 Lj R y e —
62
W estern, per bash. 55
W hite......................... 4C n 46%
S tate and J e r s e y .. 55
62
No. 2 m ix e d ............ 3 S 1
4& 39%
No. 2 w m te .............. 4 2 ^ ® 43% B arle y— No. 2 Wes t’n .
S ta te 2-row ed ........ 65
68
S ta te 6 -row ed........ 73 /a) 76

The movement of breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Jan. 21, 1893,
and since August 1, for each of the last three years:

Br yRye.
ale.
Rc ipsa—. W a.C m
ee t F u h t o .
t r e
lo
s b
B Bs .
u l s b hB .
Bls &s .0 uh zBsb ah ? u 6I *
b .Wbh 0b l ul .3 s l B.5 d.

C hicago.........
M ilw aukee...
D u lu th ........
M inneapolis.
Toledo..........
D e tro it..........
C le v ela n d ....
St. L o u is.......
P eo ria...........
K an sas C ity.

82,906
58,350

751,69 3
173,100
363,161
1,003.800
88,500
109.27?19,900
201,192
37,800
358, IS*

5tf
617,317!

icuor>|
58,4181

2
835,828
78.0JO

48

201,250
201,80'

31,489
28,900

During the early part of the week the market for wheat
155,000
2,036
flour was dull, and the general feeling was easier, but late
43.916
42,1931
1,700
21,642
there was a moderate inquiry from shippers for the low grades,
1.500
29,880
4.88 j
3,726
29*400
180,300
42.800
790.195
at steady pi ices. Trade brands, however, continued easy.
26,152
49,000
3,100
283,800
282,20 i
6,750
Buckwheat flour remains in limited supply and firm. Rye
3.057
76.638 J
flour is also firm. Corn meal has been quiet but fairly steady.
95,780
2,037.2801 M 3 1,861
523.992
T o t.w k , ’93.
181,710 3,173,214
To-day the market for wheat flour was quiet, but the low Sam e w k,’92.
113,149
800,428
224,727
1,898,310 3,086.599 j 1,837.843
032,505
102,053
1,400,376 1,156,600, 1,401,836
189,174
giades were scarce and firm. Corn meal quiet and un­ S am e w k .’Ql.
Since
1.
changed.
1893-93.......
7,394,817 169,077,860 64,163,073 61,549.871 21.090,718 5.472,018
The speculation in wheat has been dull and prices have
15*01-92.......
6.315,652 152.639.071 59,881.243 57,101,343 20.948 141 12,393,034
made a fractional decline, due to dull and weaker foreign ad- 1&90-91....... 5.751,687 67,923,369 47.138.8081 50.531.888 22.687 013^ 2.603.953
The receipts of flour and grain at the seaboard ports for the
vicis and fear of the Anti-option bill. The spot market has
bem moderately active, shippers being fair buyers, but prices week ended Jan. 21, 1893, follow:
B ye,
B a r le y ,
C om ,
Oats,
Wheat,
F lo u r.
eased off a trifle, sympathizing with contracts. Yesterday
b ush.
bush.
b ush.
A t—
bbls.
bush.
bush.
1 ,2 0 0
6 0 ,4 5 0
8 5 ,6 0 0 3 3 0 ,7 5 0
9 0 ,3 1 3
7 2 .0 7 5
the sales included No. 2 red winter at 2,22J£c. under May Vew toY o r k ... 2 9 ,9 1 6
B o s n ..........
2 0 ,2 3 1 117,076 1 1 8 ,6 3 7 13.235
4,125
6 ,3 3 6
3 7,464
f. o. b. from store ; No. 1 Northern at IJ^c. over May deliv­ M ontreal . . . 13,527
715
1 8 ,4 2 9
600
7 6 .463 1 1 ,2 0 0
3 2 ,4 1 1
4 7 ,1 7 0
3 7 ,2 6 7
ered and No. 2 hard winter at 2% c. under May delivered. Philadelphia. 2 5 .5 3 7
2,3 SS
1 9 .0 0 0
........ ..
1 1 2 ,4 1 0
Baltim ore . . .
7 2 ,2 6 9
5 .0 5 0
Richmond . . .
4 ,3 4 0
1.8 2 5
9 .4 6 6
To-day the maiket was quiet and a shade easier until shortly
2 9 .4 3 0
Mew O rleans. 1 0 ,759 2 3 2 ,6 5 2 1 4 0 ,6 0 1
before the close of ’Change, when buying by “shorts” to
11 ,040
5 0 7 .9 2 4 6 4 6 ,7 9 3 8 >.010
T ot.
2 0 9 .1 4 4 5 0 7 .5 3 6
cover contracts caused an advance, and the close was firm. Week w e e k .. 4.01,273 1 ,2 0 0 ,7 2 1 3 ,0 4 2 ,2 5 8 1 ,0 1 2 ,3 7 5 1 7 1 ,1 0 0 1 5 3 ,3 5 2
1892
The spot market was fairly active for export and firm. The
Below are the rail shipments of flour and grain from
sales included No. 1 Northern at l 3
<£@2c. over May delivered ; Western lake and river ports for four years:

Ag
u.

j

172

THE CHRONICALE.
18 9 3 .
W eek
J a n . 21.
3 2 1 ,6 5 7

13 9 2 .
Week
J a n . 23
4 0 2 ,4 5 7

18 9 1 .
Week
J a n . 24.
3 3 3 ,2 9 1

1890.
W eek
J a n . 25.
3 1 9 ,7 1 7

W h e a t.......... . . . b u s t . 1 ,0 2 4 .2 3 6
C o m ............. ................1,‘ 9 6 ,2 4 8
O ats...............
B a r le y .........
R y e ............... ................
7 5 ,4 2 8

9 1 7 ,9 6 3
2 ,9 4 8 ,2 0 9
1 ,5 2 2 .0 7 6
3 6 0 ,5 0 7
1 2 2 ,7 3 6

6 7 1 ,6 8 2
1 ,0 (7 ,8 7 9
1 .1 7 6 ,9 9 3
2 2 4 ,6 0 3
9 6 ,4 5 1

3 7 2 ,7 8 2
3 ,8 9 « ,6 J 7
1 ,3 3 1 ,3 0 4
3 4 7 .8 9 6
8 2 ,0 8 4

T o t a l... ..................3 ,5 1 9 ,2 1 3

5 ,8 7 1 ,4 9 1

3 ,1 7 7 ,6 0 8

6 ,0 3 1 ,2 1 3

F lo u r ............ ...b 'o la .

N ew York
B o sto n .. .
F ort! and.
N o rfo lk ..
P ln la d e l.
B a ltim ’re
N . O rl’n s.
N . N e w s.
M ontreal

W heat.

C orn.

F lo u r.

B ush.
3 5 3 ,4 0 3
1 6 ,2 3 7
1,367

B ush.
3 2 5 ,1 7 1
4 8 ,5 8 4

1 6 1 ,8 7 7
3 4 8 ,3 7 7
2 2 6 ,9 3 1

2 4 ,0 0 0
1 5 6 ,1 9 3
25,691

B b ls.
82,481
4 ,5 1 7
293
6,3 2 2
1 2 ,2 5 0
63,9 5 4
737

D o m e s t ic C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending January 23 were 2,333
packages, valued at 8148,332, their destination being to the
points specified in the table below:
1893.
N e w Y o r k to J a n . 23.

1892.

Week. Since J a n . 1. | Week. Sin ce J a n . 1
.

G reat B r ita in ............................
O ther E u r o p e a n .......................
C h in a ............................................
In d ia ..............................................
A rabia...........................................
A frica............................................
W est I n d ie s .................................
M exico........................................ .
C entral A m erica.......................
South A m e r ica .........................
O ther c o u n trie s.........................

45
1

Oats.

Rye.

B ush.
1 1 ,3 1 6
125

Peas.

B ush.

B ush.
1 9 ,434

..........

254
50
92
1,707
49

6
1,0 5 7
95
313
3 ,9 3 3
107

T o ta l......................................
China, v ia V a n c o u v e r ........

2 2 ,655

125

236
35
150
275

2,323
....

6 ,2 0 7
3 ,1 6 0

T o ta l......................................

The exports from the several seaboard ports for the week
ending Jan. 31, 1893, are shown in the annexed statement:
E x p o rts
fr o m —

[V ol. LVI.

2,3 2 3

9 ,3 6 7

49
46
7
25
321
2,5 6 6
361
184
81
573
28
4,241
....

9 ,0 1 7
3 ,0 0 0

4,2 4 1

|

203
119
9 82
304
321
2 ,5 9 9
1,3 30
345
511
2 ,1 0 0
203

1 2 ,0 1 7

* F rom N e w E n g la n d m ill p o in ts direct.

The value of the New York exports since January 1 have
been $413,108 in 1893 against $526,165 in 1892.
In connection with brown, bleached and colored cottons,
3 0 3 ,2 4 2 4 2 6 ,1 8 6
9 0 ,5 1 0
1 9 6 .1 7 7
kid-finished cambrics, silesias, corset sateens and jeans, quilts,
The visible supply of grain, comprising the stocks in granary cotton flannels, white goods, &c., there is nothing new to
at the principal points of accumulation at lake and seaboard report. Leading makes in all these lines are well sold ahead,
ports,- Jan. 21. 1893:
buyers on the spot are so keenly on the alert for surplus lots
Com ,
W heat,
V ats,
B a r le y , of other makes that the market is kept practically bare of
R ye,
I n store a >
—
b u sh .
bush.
b ush.
b u sh .
b ush.
N ew Y o rk ........... .1 4 ,1 1 6 ,0 0 0
6 6 7 ,0 0 0 1 ,1 4 9 ,0 0 0
8 4 ,0 0 0
7 4 ,0 0 0 stocks, and prices all round are firm. At first hands there
7 4 4 ,0 0 0
1 4 1 ,0 0 0
3 7 8 .0 0 0
D o a f lo a t . . .
3 5 ,0 0 0
6 0 .0 0 0 have been fair duplicate orders for prints and giDghams with
A lb a n y ................
9 ,0 0 0
7 ,0 0 0
6 0 ,0 0 0 more business doing in the former by the jobbers, who have
7 ,0 0 0
B u ffalo.................. 3 ,6 5 0 ,0 0 0
1 1 1 ,0 0 0
9 1 ,0 0 0
9 6 ,0 0 0 7 7 4 ,0 0 0 now opened fully their lines of spring fancies. Sales of indigoD o a flo a t___
5 3 8 ,0 0 0
2 8 8 ,0 0 0
blues have been a feature of the jobbing trade, owing to buyers
C h icag o ................ 1 3 ,3 2 2 ,0 0 0 5 ,6 3 9 ,0 0 0 2 ,4 5 4 ,0 0 0 3 7 7 ,0 0 0
5 2 ,0 0 0
D o a flo a t ... . 2 ,1 1 8 ,0 0 0 1 ,0 1 9 ,0 0 0
2 0 5 ,0 0 0
anticipating the notified advance which was made in Ameri­
M ilw a u k ee......... 2 ,3 2 4 ,0 0 0
2 6 ,0 0 0
3 1 ,0 0 0
8 9 ,0 0 0 1 7 1 ,0 0 0 cans on Wednesday. Printing cloths have been in fair request
8 2 ,0 0 0
D u lu th ...... ........... 1 5 ,6 9 5 ,0 0 0
2 7 6 ,0 0 0
1 8 ,0 0 0
6 ,0 0 0 and are firm on the basis of 4c. for 64 squares, being un­
5 7 1 ,0 0 0
changed from last week.
T ot. w eek 1 ,1 0 8 ,1 9 2 5 7 9 ,6 3 9
8 ’m e tim e
1 8 9 2 .. 1 .9 9 5 .6 6 5 3 ,2 5 1 ,6 1 9

1 7 0 ,5 8 4

T o le d e ................. 3 ,6 2 5 ,0 0 0 1 ,4 0 8 ,0 0 0
D o a flo a t___
2 5 .0 0 0
D e tr o it................. . 1 ,7 7 4 ,0 0 0
1 5 ,0 0 0
D o a flo a t___
1 4 4 ,0 0 0
■Oswego................
8 t. L o u is.............. 6 ,3 5 7 ,0 0 0 1 ,3 3 8 ,0 0 0
8 ,0 0 0
C in c in n a ti..........
1 ,0 0 0
B o sto n ..................
6 0 ,0 0 0
5 1 ,0 0 0
T o ro n to ...............
3 3 7 .0 0 0
M o n tr e a l............
5 2 5 .0 0 0
1 5 ,0 0 0
P h ila d e lp h ia ... . 1 ,3 4 8 ,0 0 0
1 8 0 ,0 0 0
P e o r ia ..................
1 3 3 ,0 0 0
2 4 0 ,0 0 0
In d ia n a n o lis___
3 8 9 ,0 0 0
2 0 6 ,0 0 0
K a n sa s C ity ___ i . 5 2 8 ,0 0 0
2 6 5 ,0 0 0
B a ltim o r e ..........
9 3 8 ,0 0 0
1 4 7 ,0 0 0
M in n e a p o lis___ 1 1 ,8 4 3 ,0 0 0
1 3 4 ,0 0 0
On ca n a l & river
5 8 ,0 0 0
T o t J a n 2 1 .’9 3 . 8 2 .2 5 2 .0 0 0
T ot. Jan . 1 4,’9 3 .8 2 ,0 8 1 ,0 0 0
T ot. J a n .23,’9 2 .4 5 ,7 1 7 ,2 2 9
T ot. J a n .2 4 ,'9 1 .2 4 ,2 6 3 ,2 3 3
T ot. J a n .2 5 ,’9 0 .3 1 ,9 4 3 ,6 0 4

1 2 ,1 7 6 .0 0 0
1 2 ,2 6 0 ,0 0 0
7 ,2 4 9 ,0 1 3
2 ,6 7 5 ,4 3 5
1 1 ,6 6 6 ,7 2 2

11,441

4 2 .0 8 9

9 6 ,0 0 0

8 0 ,0 0 0

1 7 ,0 0 0

4 ,0 0 0

1 5 0 ,0 0 0
1 0 ,0 0 0
4 8 .0 0 0
3 5 .0 0 0
2 6 2 ,0 0 0
1 0 0 ,0 0 0
1 5 8 ,0 0 0
1 4 6 ,0 0 )
8 9 ,0 0 0
1 8 1 ,0 0 0
1 0 ,0 0 0

3 9 ,0 0 0
1 0 ,0 0 0

2 4 ,0 0 0
10 .0 0 0
3 2 ,0 0 0
1 1 0 ,0 0 0
1,000

6 6 .0 0 0

5 ,6 1 7 ,0 0 0
5 ,9 0 3 ,0 0 0
3 ,6 4 7 ,6 8 2
3 ,4 7 5 ,0 8 0
4 ,8 6 7 ,9 3 9

1 ,0 2 9 ,0 0 0
1 .0 4 4 ,0 0 0
2 ,0 8 3 ,2 6 2
4 1 8 ,1 2 6
1 ,4 2 0 ,1 1 3

2 .0 5 4 ,0 0 0
2 ,1 3 5 ,0 0 0
1 ,3 6 1 ,3 6 2
3 ,3 8 1 ,4 7 0
1 ,9 4 8 ,8 1 9

1 3 ,0 0 0

1 6 5 ,0 0 0
1 7 2 .0 0 0
9 6 ,0 0 0
2 1 1 .0 0 0
8 ,0 0 0
4 9 .0 0 0
5 9 .0 0 0
3 1 ,0 0 0

1993
Stock o f P r in t C loths —
J a n . 21 .
H eld by P r o v id en ce m an u factu rers. N on e.
F a ll E lver m a n u fa c tu r e r s...................
1 ,0 0 0
T otal sto c k (pieces)

7 8 7 ,0 0 0

I m p o r ta tio n s o f D ry G ood s.

The importations of dry goods at this port for the week
ending Jan. 26, and since Jan, 1, 1893, and the same facts for
the corresponding periods of last year are as follows:

*i —
C5 •
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Within the past few days there has been more new busi­ 5
ness transacted than during a corresponding period for some -t I :
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time past. A considerable number of buyers have been in
the market, and although they still find difficulty in discov­ O l m
ering supplies of many grades of staple domestics, they have 0 5 M - ^
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future delivery is still on a generally restricted scale, but two CO J O
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others. Prices rule very firm in staple cottons, and the mar­ 05 M*<-m
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referred to, be fulfilled, a further all-round advance would
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from both mills and warehouses. Jobbers report a good trade, O I CO t o
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factory in view of the fact that business on the spot is open­
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cotton-warp cassimeres. In woolen and worsted dress goods M o o
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have been in prominent request at very firm prices, and a good
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proved fully up to the average.

* Of w h ic h 1 ,0 0 0 ,0 0 0 b u sh e ls h a s sin c e burned.

T H E D R Y GOODS T R A D E .

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THE CHRONIC I E.

J anuary 28, 1893.J

S ta te

ano

|

113

B o n d P r o p o s a ls a n d N e g o t ia t io n s .—We have rethe week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.

C ity D e p a r t m e n t . . ceived through

TERMS OF SUBSCRIPTION.

Albany County, N.

¥ .—S t a t e

and

C it y S u p p l e m e n t , p a g e

44.)—On the 10th of last month we mentioned that $30,000 of
C o m m e r c ia l a n d F in a n c ia l C H R O N IC L E con- 4 per cent Albany County refunding bonds, dated March 1893
wins 4 0 to 6 4 pages published every week,
and payable March 1 1912 would be offered for sale in Feb­
ruary. The sale will take place on the eighth day of the
S t a t e a n d C ity S u p p le m e n t of C H R O N IC L E con­ month and not on the 5th, as was previously reported.
tains 1 8 0 pages published several times each year.
Altoona, Pa.—(S t a t e a n d C it y S u p p l e m e n t , page 0 8 .)—
City Treasurer H. E. Ferguson
I n v e s t o r s ’ S u p p le m e n t of C H R O N IC L E (a Cyclo city loan amounting to $220,000writes us that the additional
which was authorised two
psedia of Railroad Securities) contains 1 6 0 pages published years ago by popular vote will probably be offered for sale
during the coming spring. The proceeds of the issue are to
every other month.
be used for the extension of the water works.
Ann Arbor, Mich.—It is reported that the question of build­
Subscription to CHRONICLE for one year § 1 0 .0 0 ,
ing a sewerage system will be brought up at the coming
which includes every issue of both S upplements.
spring election, which takes place next month. Plans have
been prepared by the city engineer, the estimated cost of the
sewerstobefrom$120,000 to $150 000. The committee on sewer­
T h e p u r p o s e o f t h is S t a t e a n d C ity D e p a r t m e n t age recommends that authority be granted for the issuance of
$22,000 or $23,000 of bonds for the purpose of constructing the
is to furnish our subscribers with a weekly addition to and main sewers, and that work on these be commenced as soon
continuation of the State and City S upplement. In other as possible.
words, with the new facts we shall give, the amplifications
Ashley, Ohio.—A bill has been introduced into the Legisla­
and corrections we shall publish, and the municipal laws we ture authorizing this village to issue $10,000 of bonds for
shall analyze in the “ State and City Department,” we expect street improvement purposes.
to bring down weekly the information contained in the
Boston, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 21).—
State and City Supplement to as near the current date as City Treasurer Alfred T. Turner sends the C h r o n i c l e the
possible. Hence if every Subscriber will note in his Supple ­ following list of .bids which were received by him on Jan. 25
for $1,300,000 of 4 per cent city of Boston loans. The awards
ment on the page designated at the head of each item a which were made are also given:
reference to the page where the item in the Chronicle can
1.
—Clara B. Hooker bid for $5,000; no price.
be found, he will at all times possess a complete and fresh
2. —Messrs. Wood, Loriog & Co. bid 102-713 for the entire
loan of $1,300,000 and accrued interest.
cyclopaedia of information respecting Municipal Debts.
3. —The New York Life Insurance Co. made the following
offers:
Due.

B id .

The Illino is Central Not Exempt From Special City Tax. $ 4 0 0 ,0 0 0 .........
1 9 1 2 ..........
“
. . . . . . ........104-45
00
1 9 2 2 .......... ........
—The United States Supreme Court, in the case of the Illinois 2 7 5 ,0 0 0 .........
“
.......... ........ 104-36
1 9 2 2 ........ . . . .
,0 0 0 .........
..........104-49
1 9 2 3 .........
Central Railroad vs. the City of Decatur, 111., affirms the doc­ 2 5 0 ,0 0 0 ..........
2 0 0 ,0 0 0 ..........
......... 104-501 9 2 3 .........
trine laid down by the Supreme Court of Illinois, that the
1 5 0 ,0 0 0 ..........
1 9 1 3 ................... R e g iste r e d ................... 103-27
1 9 2 2 .........
........104 34
2 5 ,0 0 0 ........
grant to the railroad company of exemption from all taxation
4. —Messrs. E. H. Rollins & Son bid 105125 for $200,000,
in consideration of the payment into the State treasury of a
coupon, due Jan. 1 1923.
certain percentage of its gross revenue does not exempt it
5. —N. W. Harris & Co. bid 106-53 and accrued interest for
from the payment of special taxes or special assessments for $250,000, couport, due Jan. 1 1923.
6. —Messrs. Farson, Leach & Co. bid 105-15 for $200,000,
the paving of a street on which the company’s property
coupon, due Jan. 1 1923.
abutted.
7.
—Spencer Trask & Co. and R. L. Day & Co.:
The Court says that there is a broa 1 and clear line of distinc
H ue.
B id .
103-796
R egistered
tion between general taxes laid for the support of the Govern­ $ 4 0 0 ,0 0 0 ................ A pril 1 1 9 1 2
103-3 9 0
1 5 0 .0 0 0
...........J a n . I 1 9 1 3
ment and special taxes imposed upon property within a lim ­ 2 0 0 .0 0 0 ...........O ct. 1 1922.
105-317
7 5 .0 0 0
........ A p ril 1 1922
ited area for the payment of a local improvement supposed to
2 5 .0 0 0
........ J u ly 1 1922.
enhance the value of all property within that area. Founded
105-790
Coupon
2 oo!ooo ! ! ; ” ' ‘".| J a n - 1 1 9 2 3
.
on this distinction, it says, is a rule of very general accept­
8.—Blake Bros. & Co.:
ance—that an exemption from taxation is to be taken as an
B id .
D ue.
104exemption simply from the burden of ordinary taxes and $ 4 0 0 ,0 0 0 ................. April 1 1 9 1 2 ................. R e g istered .
7 5 ,0 0 0 .................A p r il 1 1 9 2 2 .....................
10 5 does not relieve from the obligation to pay special assess­ 2 0 0 ,0 0 0 .................O ct. 1 1 9 2 2 .....................
“
2 0 0 ,0 0 0 ..............1 T
ments.
105-34
1 1 9 2 3 ...................C oupon.........
2 5 0 .0 0 0
.......... i J a n '
104 45
The Court admits that it has been held to be competent for 1 5 0 .0 0 0 ............ Jan. 1 1 9 1 3 .................... R eg istered .
10514
2 5 ,0 0 0 .................. J u ly 1 1 9 2 2 ...................
a Legislature to exempt corporations entirely from payment
9.
—Brewster, Cobb & Estabrook:
of taxes of any sort, but says that it was not so intended in
B id .
D ue.
the present case is obvious from the fact that the taxes to be $ 2 0 0 ,0 0 0 .................Oct. 1 1 9 2 2 ......................R egistered .
10105
10103
7 5 .0 0 0
.........April 1 1 9 2 2 .....................
paid by the railroad company out of its gross revenue are to
101-81
| J a n - 1 1 9 2 3 ................... c o u p o n .........
be paid into the State Treasury, out of which money is sel­ 2 o o , o o o ‘
100-62
1 5 0 .0 0 0
. . J a n . 1 1 9 1 3 ................... R e g ister e d .
dom, if ever, appropriated for merely local improvements.
101-04
2 5 ,0 0 5 ............. J u ly 1 1 9 2 2 ........................

Illegal Bonds of Lake County, Colo.—The case of John
Sutliff vs. The Board of County Commissioners of Lake
County, Colo., came before the United States Supreme Court
on certificate from the United States Circuit Court of Appeals
for the Seventh Circuit. Sutliff, a Connecticut man, bought
Lake County bonds, paying full value therefor. He relied on
the bond recital of facts, and did not examine the county
records to ascertain if the issue was in excess of the amount
allowed by law.
The Court, in its opinion, says that in the cases in which it
hae held municipal corporations to be estopped by recitals of
facts in their bonds, those facts were left to the county
officials to decide whether statutory or not, and did not re­
quire the facts to be made a matter of public record. It holdthat where provision is made, as in Colorado, for public
recording of the facts as to valuation and indebtedness, those
are facts of which all the world is bound to take notice and
as to which the county cannot be concluded from putting in
the defense that notwithstanding the bond recitals the issue
was in excess of constitutional lim itations

4 0 0 .0 0 0

10.

............A pril 1 1 9 1 2 ....................

45
14

1 0 0 -5 8

—Messrs. Kidder, Peabody & Go.:

D ue.
$ 1 0 0 ,0 0 0 ................ A pril 1 1 9 1 2 ..................... R e g ister e d .
2 0 0 .0 0 0
............Oct. 1 1 9 2 2 ....................
7 5 .0 0 0
.........April 1 1 9 2 2 .....................
2 0 0 0 0 0 ..............j-Jan. 1 1 9 2 3 ..................... C oupon........
1 5 oi ono‘ J a n .
.
1 1 9 1 3 ................... R e g ister e d .
2 5 .0 0 0 ...............J u ly 1 1 9 1 2 .......................

B id.
10310407
104104-47
103 17
10405

Bids to be for entire loan, no part.
T H E FO LLOW ING A W A R D S W ERE M ADE :

Messrs. N. W. Harris & Co.. $250,000 at 106 53 : Messrs.
Spencer Trask & Co., $75,000, $200,000, $25,000 at 105-317,
and $200,000 at 105-790; Messrs. Blake Bros. & Co.,$409,000
at 104-45 and $150,000 at 104-45.
Boulder, Ool.—(S t a t e a n d C i t y S u p p l e m e n t , p3ge 132.)
—It is thought that the question of issuing bonds for a sewer­
age system will be brought up at the coming election m
April.
Buffalo, N.
(S t a t e a n d C it y Su p p l e m e n t , page 4.5.)—
Comptroller Joseph E. Gavin sends the CHRONICLE t h e following list of bids which were received on January 24th for
$75,000 o f 3J£ per cent refunding bonds dated February 1
1893 and maturing February-1 1913 :

07
03

THE CHRONICLE

m

B id .
D a n ie l A . M oran & Co. o f N ew Y o rk .................................................... 104-5 8 9
G. C. P h illip s o f N ew Y o r k .........................................................................104-07
F ran k lin S a v in g s B a n k o f N e w Y o r k ....................................................104-02
G eo. M. H a h n o f New- Y o rk .........................................................................1 03-97
Coifln & S ta n to n o f N ew Y o r k ................................................................. 103-51
B lak e B ros. & Co o f N ew Y o rk ................................................................. 103 41
L Q nintard o f N ew Y o r k .......................................................................1 0 3 1 5
H en ry W. Sprague o f B uffalo.....................................................................101--15

The bonds were awarded to Messrs. Daniel A. Moran & Co.
at their bid of 104 589. That this sale is an extremely good
one is shown by the following table, which gives the price
paid for similar loans issued by this city during the year just
past :
D ale.
D ee. 2 7 1 8 9 2
N ov. 29 1 8 9 2
Sept. 2 0 1 8 9 2
Sept. 2 0 1 8 9 2
Jun e 20 1892

B ate.
3Hs
3»s
31a
3k>
3k>

A m o u n t.
$ 9 5 ,0 0 0
1 0 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
1 0 0 ,0 0 0

20
20
20
20
20

Tim e.
A w ard.
y e a r s .....................................103-01
y e a r s .................................... 1 02 541
y e a r s ....................................103-77
y e a r s .................................... 102-053
y e a r s . . . ...............................1 04 58

The bonded debt of the city of Buffalo on the first day of
January 1893, less bonds held by the city in sinking funds
was $13,471,538. The assessed valuation of the taxable prop­
erty of the city, by the rolls of the year 1892, is $197,084,780.
Caldwell, Ohio.—A bill has been introduced into the Ohio
Legislature authorizing this place to issue $10,000 of bonds for
street and electric-light purposes.
Camden, Me.—At a meeting of the village corporation of
Camden it- was decided to petition the Legislature for per­
mission to effect a loan of not more than $30,000 for the pur­
pose of re-building the village hall, which was recently burned.
Canton, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page 77.)—A
bill bas been introduced into the Ohio Legislature authorizing
the city of Canton to issue patk bonds to the amount of $25,-

[VOL LVI,

has been introduced in the Ohio Legislature authorizing the
city to issue bonds to the amount of $100,000 for the improve­
ment of Franklin Park will probably not pass.
Oiher bills are before the Legislature authorizing the city to
refund $3,000,000 of street improvement bonds, and also
authorizing the Council to issue $110,090 of bonds to construct
a main trunk sewer.
Detroit, M ich—(State and City Supplement, page 95).—
A resolution has been adopted by,the Board of Estimate of
Detroit authorizing the City Conptroller to issue public build­
ing bonds to the amount of $850,000 for the purpose of enlarg­
ing the City Hall.
F alls City Neb.—(State and City Supplement, page 118)—
Bids will be received by the Board of Education of Falls City
until February 7tli 1893 for $25,000 of 5 percentsehool bonds
maturing July 1 1912. Annual interest and principal will be
payable at the office of the Treasurer of Richardson County in
Falls City, Neb.
Bonds are to be delivered as follows : Five thousand dollars,
with accrued interest, on the loth day of February 1893, and
$20,000 on the 1st day of July 1893, with the first interest
coupon then due detached.
A sse sse d v a lu a tio n o f ta x a k le'p r o p e rty o f the sch o o l d is tr ic t for
the y ear 1892 w a s ............................................................................. $ 3 8 1 ,7 3 5
E stim a te d tru e v a lu e ................................................................................ 1 ,9 0 8 ,6 7 5
S ch ool d is tr ic t h a s no d e b ts.
V alu e of sch o o l h o u ses n o w .e r e e t e d .................................................
2 0 ,0 0 0
AMOUNT OF BONDS ISSUED B T FALLS CITT.

W ater b o n d s ..................................................................................................
E le ctric lig h t b on d s....................................................................................
P roposed issu e o f sch ool b o u d s.............................................................

000.

3 4 ,COO
7 ,0 0 0
2 5 ,0 0 0

T o ta l d e b t...........................................................................................

Cincinnati, Ohio.—(S t a t e

6 6 ,0 0 0

page 77) .
CeDsns of 1890, 2,100; now 3,000. The present rate of tax­
—It is reported that the City Auditor of Cincinnati has been ation is five per cent on assessed valuation.
authorized to sell $150,000 of Montgomery road bonds.
F ar Rockaway, N. Y.—Mr. Isaac W. Sherrill of Poughkeep­
Cleveland, 0.—(S t a t e a n d C i t y S u p p l e m e n t , page 7 8 .)—
The City Council of Cleveland has resolved to issue bonds to sie has purchased $7,000 of 6 per cent 20-year Far Rockaway
bonds, for which he paid a total premium of $115 27,
the amount of $200,000 for fire department purposes.
Firad, Pa.—This borough has been authorized to issue $19, Columbus, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e 78.)
—City Auditor D. E. Williams write ns that the bill which 000 of bonds for the purpose of constructing water-works.
and

C it y S u p p l e m e n t ,

N E W LOANS.

N E W LOANS

N E W LOANS.

A N N ISTO N , A L A .,

$ 9 8 ,0 0 0

$ 2 0 , 0 0 0

8 3 0 ,0 0 0
6 PER CENT BONDS.
Sealed b id s w ill be re c e iv e d by th e u n d ersig n e d
M ayor a n d F in a n c e C o m m ittee o f th e C ity o f A n n is ­
to n , A lab am a, u n til 12 o ’clock n o o n , o n t h e 16th day
o f F e b ru a ry , 1898, a t th e office o f A . S. J o h n s to n ,
C h airm an o f th e F in a n c e C o m m ittee, A n n is to n , A la.,
f o r th e p u rc h a s e o f s ix ty (60) b o n d s o f th e d e n o m i­
n a tio n o f F iv e H u n d re d ($500) D ollars each, to be
issu ed f o r th e p u rp o se o f p ay in g th e flo atin g d e b t of
said C ity, a s th e sam e e x iste d on t h e 1st d ay o f J a n » a ry , 1893, to h e d e s ig n a te d "S chool, C e m e te ry and
F lo a tin g ” B onds d a te d M arch 1st, 1893, b e a rin g In­
te r e s t a t six p e r c e n t p e r a n n u m , p ay a b le s e m i­
a n n u a lly a s p e r cou p o n s a tta c h e d ; p rin c ip a l pay ab le
In th e C ity o f N ew Y ork, N. Y. S ta te , a n d in te r e s t
p ay a b le a t th e C ity T re a s u r e r ’s office, A n n is to n , A la ­
b am a, o r a t t h e M ech an ics’ N a tio n a l B a n k in th e
C ity o f N ew Y ork, a t th e o p tio n o f th e h o ld e r, th e
c o u p o n s u p o n said B onds b e in g re c e iv a b le f o r ta x e s
a n d licen ses w h ich m ay b e d u e th e M ay o r a n d City
C ouncil o f A n n is to n , said b o n d s m a tu rin g and becom ­
in g d u e a n d p ay a b le in gold tw e n ty (20) y e a rs a f t e r
d a te o f issu an ce .
Copy o f th e A c t o f t h e L e g is la tu re o f t h e S ta te
a u th o riz in g th e issu an ce o f th e s e B onds a n d an y
o th e r n e c e ssa ry in fo rm a tio n w ill h e f u rn is h e d u p o n
ap p lic a tio n to A. S. J o h n s to n . C h airm an o f th e F in ­
a n c e C o m m ittee o f th e iXty o f A n n is to n . T h e rig h t
to re je c t a n y a n d all bids is re s e rv e d . A ll bids to be
a d d re s s e d to t h e M ayor a n d F in an c e C o m m ittee o f
t h e C ity o f A n n is to n , A la., in c a re o f A . S. J o h n sto n ,
C h airm an , a n d e n d o rse d u p o n th e co v e r o f th e com ­
m u n ic a tio n "B id s fo r B o n d s.”
E a c h bid m u s t be ac co m p an ied by a certified check
o f so m e N atio n al B an k f o r O ne T h o u s a n d ($1,000)
D ollars.
(S igned)
J A M E S N O B L E , S r ., M ayor.
A. S. JO H N ST O N , C h airm an .
W. H . W EATHERLY,
N. H . R E ID ,
F in a n c e C o m m ittee.
ANNISTON, ALA., J a n . 6 th , 1893.

$ 1 0 0 , 0 0 0

City of Augusta, Ga.,
M a y o r ’s O f f i c e ,
A UG U S'A , G a ., J a n . 16, 1893.
S ealed b id s a r e in v ite d f o r th e w h o le o r a n y p a r t
o f N in e ty -e ig h t T h o u s a n d D o llars C ity o f A u g u sta
(G eorgia) B on d s Issu ed to re d e e m th e sam e a m o u n t
o f b o n d s o f said city m a tu rin g M arch 1st, 1893.
T h e s e b o n d s w ill be f o r O ne T h o u s a n d D o lla rs
ea ch , d a te d M arch 1st, 1893, d e liv e ra b le sam e day.
P a y a b le th i r ty y e a rs a f t e r d a te , b e a rin g
per cent
in te re s t, p a y a b le sem i-an n u ally o n co u p o n s m a tu r ­
in g M arch 1st a n d S e p te m b e r 1 st ea ch y ea r.
S ealed bids m ay b e a d d re s s e d to th i s office, u n d e r
co v e r, m a rk e d " Bids f o r B ond*,” by o r b e f o r e n o o n
W e d n e sd a y , 1 5 th o f F e b ru a ry , 1893. B ids w ill be
o p en e d by th e F in a n c e C o m m ittee o f th e C ity C o u n ­
cil a t 12:30 P . M., s a m e d ay . T h e r ig h t is r e s e r v e d to
re je c t a n y a n d all bids. T h e T re a s u r e r ’s r e p o r t fo r
1893 a n d a n e x h ib it o f th e c ity ’s fin an cial affairs
w ill be s e n t to a n y a d d r e s s o n r e q u e s t.
By th e F in a n c e C o m m ittee.
J. H . ALEXANDER,
M ayor, A u g u sta , Ga.

5 P er Cent County Building Bond?,
Real v a lu e o f ta x a b le p r o p e r ty ....................$3o0,000,000
A ssessed v a lu a tio n ......................................... 127.950,785
T o ta l d e b t (c o n s titu tio n a l lim it 5 p er
ce n t) o n ly ........................................................
13o,000
P o p u la tio n , 265,000.
T h e C ity o f M ilw aukee is th e C o u n ty S eat.

A d e s i r a b l e i n v e s t m e n t fo ' t r u s t e s t a t e s .

Lamprecht Bros. & Co ,
W. H. Howcott,

C H IC A G O .

NEW YORK,

115 D earb o rn Street.

2 W all S treet

D a t e d J a n u a r y 1 , 189*2.
D u e in S e r ie s .
A verage L ife 2 8 1-2 Y e ars.
IN T E R E S T P A Y A B L E JA N U A R Y A N D JU L Y .

B oth

Prin cip al and In te re s t
N e w Y o r k C ity.

P ay ab le

in

T r u e v a lu e o f p ro p e rty , e s tim a te d ..............$17,000,000
A ssessed v a lu a tio n fo r ta x a tio n ................... 7,000,000
T o ta l d e b t........................................... $412,500
L e ss w a te r d e b t (w o rk s o w n ed by
C ity ).................................................... 115,000
N e t C ity d e b t ......................................................
P o p u la tio n , 18,208, C ensus 1890.

297,500

\* in on a Is t h e f o u r t h c i t y i n p o p u l a t i o n
a m i c o m m e r c i a l i m p o r t a n c e i n t h e S t a t e of
M in n eso ta.
W E RECO M M EN D T H E S E BONDS.
P ric e a n d P a r t i c u l a r s on ap p lic atio n .
W e a l s o o w n a m i offer a b o u t S i , 0 0 0 . 0 0 0
o f o ilie r choice bouds.

N. W. Harris & Co.,
BA NK ER S.

Sewer 5s.

FARSON, LEACH & CO.

M IN N E S O T A ,

W
ater and Sewer
5s.

DUE JU L Y 1, 1 9 0 7 .
S E C U R E D BY S IN K IN G FU N D .

1 1 W A L L S T ., N E W Y O R K .

C O R R E S P O N D E N C E SO L IC IT E D .

OF W INONA,

W R IT E F O R D E S C R IP T IV E L I3 T 8 .

Milwaukee County, Wis.,

O R A N G E , N. J.,
P r i c e a n d P a r t i c u l a r s on a p p l i c a t i o n .

C IT Y

REDEMPTION BONDS.

IN V E S T M E N T

BANKER.

H IG H -G R A D E LO A NS E F F E C T E D .
D ealer in
S o u t h e r n

T i m b e r

L a n d s

A p p raiser ol S o u th e rn L a u d V a lu e ..
MO. 1 9 0 COS1MOM S T R E E T ,
MEW O R LEA N S, LA.

15 WALL STREET, N. Y. CITY.
C H IC A G O .

BOSTON.

N E W LOANS.
C i r p . c w n F a l l s , W i s c o n s i n ........... O p e r c e n t .
D u b u q u e , I o w a ........... .......................... 3
“
S i o u x C i t y , I o w a .................................... 6
“
F i n d l e y , O h i o ..................................... - 6
“
C a n t o n , O h i o ............................................ *3
“
N e w B r i g h t o n . P a . , G o l d ............... 3
“
M n s k e g u m . M l b .................................... 5
“
FOR SA LE.

P rices and

fu rth er *articu lar*
upon ap p licatio n .

fu rn ish ed

C. H. W H IT E & CO.,
1S3 D e arb o rn St..
C H IC A G O , IL L .

7 2 B roadw ay,
NEW Y O RK .

THE WALL STREET JOURNAL.

•«
«.

An In v alu ab le fin an cial fiatl y : I t a y ea r. S am ple co p y
I
D OW JO N E S & CO.. P u b lis h e r., 41 B ro a d S t.

THE CHRONICLE.

J anuary 28, 1893. J

F ort W orth, Tex.—(State and City S upplement, page
172.)- Major B. B. Paddock of Fort Worth notifies the
Chronicle that the bids which were received on Jan. 20 for
$158,000 of 5 per cent redemption bonds maturing May 1
1923 were all rejected, and the loan has since been sold at par
and %.
Fresno, Cal.—(S t a t e a n d C i t y S u p p l e m e n t , page 138).—
City Clerk W. B. Dennett notifies the C h r o n i c l e that an elec­
tion will be held in Fresno on the 4th of next March to vote
on the question of issuing bonds to the amount of $75,000.
This loan is proposed for the purpose of completing the sew­
erage system of the city.
Galveston. T exas.— tate and City Supplement, page
(S
172.)—Bonds of this city to the amount of $20,000 will be
issued for street purposes.
Holyoke, Mass.—(S t a t e a n d C it y S u p p l e m e n t page 25.)—
This city has petitioned the Legislature for authority to issue
$250,000 of bonds for the purpose of constructing a sewerage
system in Elmwood and Oakdale.
Homestead, Pa.—(S t a t e a n d City S u p p l e m e n t , page 67).
—The Borough Council of Homestead has voted in favor of
submitting to the people a proposition to issue $30,000 of
bonds for the purpose of constructing a sewerage system.
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
59.)—Bids will be received until February 2 for $500,000 of 4J£
per cent Hudson County road bonds, to be dated March 1
1893 and mature January 1 1923. Interest on the loan will be
payable semi-annually on the 1st of January and July. The
bonds will be sold in lots of $10,000 and upward^, and will be
delivered within thirty days from the date of the award.
Jamestown, N. Y.—(State and City Supplement, page 48.)
A letter from Mr John W. Willard, Secretary of the Board of
Public Works, confirms the report that a system of paving
has been recommended, which will require about $60,000 of
bonds, if said recommendation is passed by the council and
then adopted by a vote of the tax-payers.
La Crosse, Wis.—(S t a t e a n d C i t y S u p p l e m e n t , page 99.)
—The city of La Crosse has sold bonds to the amount of
$25,000 for a total premium of $1,354. The loan was taken in

N E W LOANS.

part by the city sinking fund and the remainder went to the
Stale Bank of La Crosse.
Lexington, Neb.—On Feb. 1 six p. c. electric light bonds
of Lexington, Neb., to the amoant of $4,000 will be offered at
public safe. Bonds will be of the denomination of $1,000 each
and interest will be payable semi-annually.
Linkville, Oreg.—This town will seek authority to issue
water and light bonds to the amount of $10,000.
Macon, Ga.—(State and City S upplement, page 162.)—A
committee has been appointed to secure the issuance of bonds
, for the construction of a complete sewerage system, which is
| estimated to cost about $200,000.
Manchester, N. If.—(State and City S upplement, page
14.)—The city of Manchester is seeking authority to i-sue
bonds to the amount of $200,000 for a high-service water system,
Middletown, Ohio.—(.State and City Supplement, page
81.)—A bill has been introduced into the Ohio Legislature
authorizing Middletown to issue $10,000 of bonds for the ex­
tension of water mains.
Negaunee, M idi. —Sewer binds of this city to the amount
of $20,000 have recently been sold at par' to Edward N.
Breitung of Marquette, Mich. The loan will mature $5,000
yearly from 1908 to 1911.
Norristown, Pa.—(State and City S upplement, page 68.)
Burrough Treasurer Henry L. Sullivan writes us that the new
funding loan to the amount of $67,000, mentioned last week,
has been nearly all taken by local investors at par. The secur­
ities are 5-20s, dated January 1 1893, and they bear interest at
the rate of 4 per cent per annum. It was the order of the
Council that they should be offered to home parties at par be­
fore before being put upon the general market. The assets of
the sinking fund are now $25,000 and old bonds to the same
amount will soon be redeemed. After making these changes
the total debt of the borough will be $140,200, all bonded.
The present assessed valuation is $8,748,955, property being
assessed at about two-thirds of its actual value.
Orrville, Ohio.—An ordinance authorizing this village to
issue bonds to the amount of $30,000 for water-works purposes
has been introduced into the Ohio Legislature.

LOAN.

$ 3 2 5 ,0 0 0

North Chicago Park 5s,
Due

$ 4 0 0 ,0 0 0
C I1Y

OF

M ISC E LLA N E O U S .

M IS C ELLA N EO U S.
$ 5 0 ,0 0 0

NEW

>75

BOSTON

4 s,

in

T w enty Y e a rs W ith o u t
D enom ination, $ 1 ,0 0 0 .

O ption.

S end f o r o u r J a n u a r y c irc u la r, g iv in g fu ll d escrip ­
tio n o f th is issue, a n d o v e r a m illio n d o lla rs w o rth o f
o th e r m unlclpafl a n d c o rp o ra tio n b o n d s, n e ttin g
fro m
to 0 p e r ce n t.

3
%

OF T H E

Riverside Park R’y Co,
O F S IO U X C IT Y , IO W A .
D u e J a n . 1, 1 9 1 3 .

W.

FISHER & SH AW ,

‘ 1 6 E x c h a n g e B uilding:,
4
B oston, M ass.

BA NK ER S.
P . O. B o x 2 1 , B a ltim o r e , M d .

J. Hayes & Sons

faT r h a v e n

BA NK ER S)

We offer the above subject to sale.

Dealers in MUNICIPAL BONDS.

Blake Brothers & Co.,
28 S T A T E S T R E E T , BO STO N.

G. R. Voss,
Commercial Paper,

YORK.

E PASO COUNTY, CO ,
L
L
School Bonds.
N O T IC E .
TO W H O M IT M AY CONCERN:
Y ou w ill ta k e n o tic e t h a t School B onds N os. o n e
to e ig h t (1 to 8) in c lu siv e, o f d a te A u g u s t 1st, 188*.
d e n o m in a tio n o f O ne T h o u s a n d D o llars each; also
N os. o n e a n d tw o (L a n d 2 ) o f d a te J u ly 1st, 1880,
d e n o m in a tio n O ne T housand D o llars ea ch , issued
b y School D is tric t No. 11 (11) o f El P a s o C ounty,
Col., a r e now d u e a n d s u b je c t to call. T h e h o ld e r
o r h o ld e rs o f said b o n d s w ill p re s e n t sam e to T h e
C hem ical N a tio n a l B ank o f New Y ork < ity , N. Y.,
o r to th e u n d e rs ig n e d in C olorado S prings, Col., fo r
p a y m e n t o n o r b e fo re F e b ru a ry 10th, 1893, as in te r ­
e s t on said b o n d s will ce ase o n th a t d ate.

H . C. K IcC K K E R Y ,

Co l o r a d o

8a m ’l

a.

T r e a s u re r School D is tric t N o. 11,
E l P a s o C o u n ty , Col.
S p r i n g s , Co l ., J a n . 2d, 1893.

Ga y l o r d ,

.in o . H . B l b s s in h

Gaylord, Blessing & Co.
B A N K E R S ANB BRO K ERS,

S T . L O U IS .
w estern

HIGH

s e c u r it ie s a n d

GRADE

MUNICIPAL

A SPECIALTY.

BONC5&

d e s tin e d to b e th e g r e a t M a n u fa c tu rin g a n d Com­
m e rc ia l C en ter b ec au se It h as

NEW YORK.

C able A ddre*« "K EN N E TH .”

5 N A SSA U S T R E E T , N E W

F U T U R E M E T R O P O L IS O F P U G E T SOUND

1Q W A L L S T R E E T

T E xchange P lace.

B onds, S to ck s a n d I n v e s tm e n t S ecu ritie s.
508 F IR S T N A T IO N A L B A N K B U IL D IN G .

T h e L a rg e s t an d 8 a fe s t H a rb o r o n th e Paciffc C oast.
T h e G r e a te s t A r e a o f a d ja c e n t A g ric u ltu ra l L a n d .
T h e m o s t M ag n ificen t F o re s ts o f T im b e r in th e w orld
T h e fin e st N a tu ra l T o w n S ite a n d W a te r F ro n t
Im m en se V ein s o f th e B e s t Coal In t h e W e st w h ich
p ro d u ces a coke eq u al to P e n n s y lv a n ia . Iro n , S ilverea d . G old a n d o th e r o res. E x te n s iv e Q u a rrie s erf
e 8 a n d s to n e fo r b u ild in g p u rp o ses. V alu a b le n o rm a tlo n ca n b e h a d o f

T H E F A IR IIA V E N LAND COMPANY,
F A IR H A V E N ,

Omaha, Nebraska.
Hackett & Hoff,

REAL ESTATE AND INVESTMENTS.

WASHINGTON.
THE

Lewis Investment Co.,
D E 3 M OIN ES, IO W A .

9 6 J J I I c liig a n S t . , M i l w a u k e e , W i s .
F irs t M o rtg ag e s on Im p ro v e d M ilw au k ee R eal
E s ta te , b e a rin g six a n d sev en p e r c e n t in te r e s t
alw ays on h a n a . No c h a rg e to th e in v e s to r fo r col
e c tin g I n te re s t o r look in g a f t e r ta x e s a n d fire In su rn ce A b so lu te secu rity .

,

B E L L IN G H A M BAY,

8 tr e e t R ailw ay B on d s a n d o th e r h ig h g ra d e in
v e s tm e n ts

143 S u p erio r S t „ d

In terest J a n . and J u ly .

F O R P A R T IC U L A R S A P P L Y TO

E. H. Rollins & Sons,
33 W all S treet,
N ew Y o r k C ity.

Due April, 9 1 2 .
1

F irst Mortgage 20-Year 6 P er Cent
SINKING FUND GOLD BONDS

Ca p i t a l P a i d U p ,

-

fiso.ooo.

C h o i c e I n v e s t m e n t s In t h e m o s t C o n s e r v a ­
t i v e F i e l d In t h e W e s t
aV n r n
p C K J T G u a ra n te e d F ir s t M o rt
& |A
I t i l
U C n I g ag es on Im proved lan d s
n Io w a a n d E a s te rn N eb rask a. Safe a n d D esirable.

M
UNICIPAL SECURITIES
OF

P IT T S B U R G

AMD

V IC IN IT Y

D e a l t In b y

Jas. Carothers,
•O F O U R T H A V E ., P I T T S B U R G , I A .

CSV
R PR
P E E S T D e b e n tu re B onds, secu rO lA
I t i l
I l S R I ed by d e p o sit o f F ir s t
M o rtg ag e L o an s w ith a n E a s te r n tr u s te e . F i f t e e n
Y e a r s ’ Su c c e s s f u l e x p e r i e n c e , s e n d f o r p a e ph let.

W. A. HOTCHKISS,

GEO. II. LEWIS,

A c t’g S e cretary .

P re s id e n t.

THE CHRONICLE,

176

Philadelphia, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , page
68.)—We noted in the C h r o n i c l e of November 5 that the
Finance Committee of the Common Council of Philadelphia
had recommended the issuance of bonds to the amount of
$4,500,000. Of this amount the Common Council has author­
ized the issuance of $1,000,000 for water-works improvements
and $1,250,600 for main sewers, $250,000 of which is to be
used for the Armingo Canal sewer.
P ittsburg, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , page 69.)—
Controller Morrow of Pittsburg writes the C h r o n i c l e that the
Pennsylvania Legislature has not as yet granted authority to
that city to issue bonds for $1,500,000, which were recently
voted by the City Council for the purpose of bu fing free
bridges.
Reading, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e 69.)—
A m o tio n w a s m a d e a t t h e m e e t i n g o f t h e C i t y C o u n c il, h e l d
on J a n u a ry _ 1 0 , t o r e c o n s i d e r t h e d e c is o n b y w h i c h t h e o r d i ­
n a n c e e f f e c tin g a s p e c ia l e le c tio n f o r a l o a n o f $600,000 w a s
d e f e a te d ,
R aleigh, N. C.—(S t a t e a n d C i t y S u p p l e m e n t , page 157.)—

City Treasurer J. G, Brown writes us that no decision has as
yet been made in regard to the issuance of city bonds to the
amount of $50,000 which have recently been proposed.
Prompt notice will be given in these columns as soon as any
definite action has been taken in the matter.
Richmond, V a.— (S t a t e a n d C i t y S u p p l e m e n t , page 149.)
—A resolution from the Grounds and Building Committee of
Richmond was referred to the Board of Aldermen, which
met on January 9, appropriating $100,000 of bonds for work
on the city hall.

St. Clair Special School D istrict, F ranklin County,
Ohio.—A bill has been introduced into the Ohio Legislature
authorizing this school district to issue $30,000 of bonds for the
erection of a school building.
Salinas, Calif.—This place has appointed a committee to
investigate the cost of a sewerage system, for which bonds
will probably be issued.
South Carolina.—(S t a t e a n d C i t y S u p p l e m e n t , page 158)
—Messrs. R. A. Lancaster & Co. have formed a syndicate of
New York, Baltimore and Richmond bankers who have sub­

CH IC AG O .

Jamieson & Co.,
S T O C K S —B O Y D S ,
Members New York Stock Exchange,
l Chicago Stock Exchange.
I S 7 -1 8 9 D E A R B O R N

STREET,

C h ic a g o , Ills ,
Private Wire to
I. & 8. WORMSER, NEW YORK.
FLOW ER & CO.. NEW YORK.
R. GLENDINNING & CO., PH ILADELPH IA.

scribed for $2,000,000 of the new South Carolina 4% per cent
refunding bonds. The bonds are taken at par flat and carry
interest since January 1, the date of the bonds. The syndicate
have the option to April,first on the whole issue of $5,800,000.
The bonds are issued to redeem the Brown consols maturing
July 1; they are exempt from taxation, and coupons are taxreceivable in South Carolina. There is a sinking fund of
$75,000 per annum, secured by phosphate royalties. The bonds
mature January 1 1933, but are redeemable at the pleasure of
the State after twenty years.
Waltham, M ass—(S t a t e a n d C i t y S u p p l e m e n t , page 31.)
—It is reported that this city has sold 4 per cent water bonds
to the amount of $24,000 to Edgerly & Crocker at 102-l7.
W ells County, Ind.—(S t a t e a n d C i t y S u p p l e m e n t , page
88 )—Road bonds of this county to the amount of $81,000,
bearing interest at the rate of 6 per cent, will be offered for
sale.
West Point, da.—An election will be held at West Point on
February 13 to vote on the question of issuing bonds to the
amount of $20,000.
West Seattle School D istrict No. 73, W
rash.—Bonds of this
school district to the amount of $30,000 have been sold to
N. W, Harris & Co. The securities bear interest at the rate of
6 per cent per annum, payable semi-anuually, and they run
for 20 years.
W
illiamsport, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , page 71.)
—Bids will be received by the city of Williamsport for $70,000
of 4 per cent city hall bonds. The bonds will be issued on
May 1 1893, in the denominations of $500 and $100 each, and
will be payable in thirty years, but subject to call in ten years.
Interest will be payable semi-annually on November 1 and
May 1 of each year, at the City Treasurer’s office. Said bonds
will be issued free of State tax.
The assessed valuation of taxable property in Williamsport
for the year 1892 was $8,623,613.
Yonkers, N. Y.—(S t a t e a n d C i t y S u p p l e m e n t , page 56.)—
The following bonds of this city have been sold to D. A. Moran
&Co. at 101-19,viz.: Assessment bonds to the amount of $50,500,
redemption bonds for $20,000 and $16,422 of street paving
bonds.

CHICAGO.

OF

CHICAGO,

9 3 , 9 4 dfc 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 ivid ed e a r n in g s , In clu d in g
s u r p lu s .............................................
2 2 0 ,0 0 0
D e p o site d w it h S t a t e A u d ito r . .
2 0 0 ,0 0 0

Breese & Cummings,

B A N K E R S AND B R O K E R S ,
A N D 1 1 3 1T IO N R O E S T R E E T ,

CHICAGO

Securities listed in New York, Boston or Chicago
tarried on conservative margins.
A. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. V. BAKER, Member Chicago 8tock Exchange

A. O. Slaughter & Co.,
BAN KERS,
111-113 LA SA LLE STR EET,

C H IC A G O , IL L S .
C

U feloaso S e c u r it ie s B o u g h t nnd Mold

OFF1CER8:
GWYNN GARNETT, President.
A. H. SELLERS, Vice-President.
ARCH IBALD A. STEW ART, Secretary.
CHA8. R. LARRABEE, Treasurer.
DIRECTORS:
Gwynn Garnett,
Chas. W. Drew,
W. D. Kerfoot,
John P. Wilson,
George C. Walker,
Edson Keith,
John G. Shortall,
Geo. M. Bogue.
John DeKoven,
JA. H. Sellers.
Samuel B. Chase,
COUN8EL:
W. C. Goudy,
John P. Wilson.
A. W. Green,
A. M. Pence.

Herman Schaffner & Co.
BAN KERS,

Henry C. Hackney,

CO M
M ERCIAL PAPER,

1 1 5 D E A R B O R N S T ., C H I C A G O .

lO O W a s h i n g t o n S t r e e t ,

IW V E S T M E N T S E C U R I T I E S

C H IC A G O , ILL,.

BOUGHT AND SOLD,
Member Chicago Stock Exchange.

Cahn & Straus,

CORRESPONDENCE SOLICITED.

Fred. G. Frank & Bro.
LOCAL SECURITIES A SPECIALTY.
9 9 W A S H IN G T O N S T R E E T , C H IC A G O .
Correspondence Invited.

CHICAG O.

Title Guarantee & Trust Illinois Trust & Savings
Bank.
Company

GUARANTEES TITLES TO R E A L E8TATE.
O ile rs in v e s t o r s In r e a l e s t a t e s e c u r itie s
p ro te c tio n a ffo rd e d b y no o th e r sy ste m of
S p e c ia l a tte n tio n g iv e n to o u t-o f-to w n b u s i­ d oin g b u sin ess.
n ess. C o rre sp o n d e n c e s o lic it e d .
Is authorized by law to act as Registrar of Stocks
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
J. B. B b s s b e , Member New York Stock Exchange Trust moneys and trust securities kept separate
D.
M. Cumm ings . Member Chicago Stock Exchange from the assets of the Company.
C O R R E SPO N D E N C E S O L IC IT E D .

111

rvoL. l 'v i ,

BAN KERS)
1 2 8 L A S A L L E S T ., C H I C A G O *
A G e n e r a l B a n k in g B u s in e s s T r a n s a c te d .
fiR S T MORTGAGE LOANS ON IMPROVED CITY
REAL ESTATE FOR SALE.
Members of the Chicago Stock Exchange.

C H IC A G O , IL L .
C A P I T A L A N D S U R P L U S , - $ 3 ,2 5 0 ,0 0 0
IN T E R E S T A L L O W E D ON D E P O SITS.
This Bank is directly under the Jurisdiction and
supervision of the State of Illinois, is a LEG AL
DEPOSITORY for Court Moneys, and is authorized
to act as TRU8TEE. EXECUTOR. RECEIVER and
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice-President.
Wm. H. Mitchell, Second Vice-President,
Wm. H. Reid, Third Vice-President
James 8 Gibbs, Cash’r. B. M. Chattel!, Aas*t Cash’r
DIRECTORS
John McCaffery,
John B. Drake*
L. Z. Leiter,
Wm. H. Reid.
Wm. H. Mitchell,
John J. Mitchell*
Wm. G. Hibbard,
J. C. McMuUln,
D. B. 8hipman,
J. Ogden Armour*
Frederick T. Haskell.

The Jennings Tru.-t Co.,
18 5 D E A R B O R N S T ., C H I C A G O .

CAPITAL, PAID UP, - - $500,000
S U R P L U S ............................... $50,000
NEGOTIATES GROUND RENTS in the City of
Chicago. Takes entire charge of estates. Acts as
agent for the registration arid transfer of bonds and
stocks and the payment of coupons, interest and
dividends. Authorized by law to receive and execute
trusts of every character from courts, corporations
and individuals. A legal depository tor court and
trust funds.
INTEREST ALLOW ED ON DEPOSITS of money
whioh may be made at any time and withdrawn aft*
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets of the
Company.
J. R. WALSH, President,
CHAS. H. HULBURD, Vice-President.
FRANKLIN H ATH BW AY, Secretary.
SAMUEL D. W ARD, Treasurer
LYM AN A WALTON Cast.