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REPRESENTING TH E IN D U STR IA L A N D COMMERCIAL IN TERESTS OF TH E U N ITE D STATES.
{Entered according to Act o f Congress, in the year 1S92, by W m . B. D ana & Co., in the Offloe o f the Librarian o f Congress, W ashington, D. O.J
VOL. 54.
NEW YORK, JANUARY 30, 1892.
Sfimtucial.
f i n a n c i a l .
TO
86 TRINITY PLACE,
N EW Y O R K .
Business Founded 1795.
«usorporali-d under Laws o f the State of le w York, 1858.
Reorganized 1879.
E
ngravers a n d
P
r in t e r s
fin a n c ia l.
FOOTE & FR EN CH ,
A M E R IC A N
Bank Note Company,
78
S O L ID
S IL V E R .
GORHAM
M ’f ’g C o.,
Broadway & 19th St.,
of
AND 9 MAIDEN LANE.
BO N DS, PO STA G E & R EV EN U E STA M P S.
C E C A L T E N D E R AN D N A T IO N A L B A N K
N O T E S of th e U N IT E D 1 T A T E S ; an d fo«
F o r e ig n Governm ents.*
EN GRAVING AND PRINTING,
R A N K N O T E S , S H A R E C E R T IF IC A T E S , BONDS
F O R G O V E R N M E N T S A N D C O R P O R A T IO N S ,
» R A F T S , C H E C K S, B IL L S O F E X C H A N G E .
S T A M P S , A c . , In t h e fin e s t a n d m o s t a r t is t ic s t y le
FRO M STEEL PLA TE S,
With SPECIAL SAFEGUARDS to PREVEST COJJSTERFEITIXG.
TH E
National
Park
Bank
OF N E W Y O R K .
C a p it a l,
$ 2 , 000,000
W o r k E x e c u t e d i n F i r e p r o o f B u i ld in g s .
S u r p lu s ,
$ 2 ,5 0 0 ,0 0 0
LITHOGRAPHIC AND TYPE PRINTING.
R A IL W A Y T IC K E T S O F IM P R O V E D S T Y L E S .
S h o w C a r d s , L a b e ls , C a le n d a r s .
JAMES MACD0N0UGH, President.
AUG. D. SHEPARD,
, vlce.p resIdent8.
T0UR0 ROBERTSON, (
THEO. H. FREELAND, Sec’y and Treas.
JNO. E. CURRIER, Ass’t Sec’y.
J. K. MYERS, Ass’t Treas.
John L. W illiam s & Son,
B AANDNDEALERS
KER
S,
IN
IN V E S T M E N T S ,
R IC H M O N D , V A .
T r a n s a c t a G e n e r a l Ba n k in g B u s i n e s s . N e g o t ia t c
A H 4 Mu n ic ip a l Lo a n s . C o r r e s p o n d e n c e In v it e d .
Our
MANUAL OF IN V ESTM EN TS
largest work o f the kind published by any Banking house in
America, Gratis to clients <b correspondents; toothers, $3 a copy
“ [Most elaborate, handsomest and most useful work treating
upon Southern properties which ever came to notice.” —Boston
Herald.
“ Worth its weight In gold.” —Norfolk Landmark,
u Recognised as standard authority, and holds a high reputation
both in Europe and United States.” — Washington Post, “ The
States, cities, railroads, and other properties o f the South are
•described with a clearness and minuteness o f detail o f great value
to investors.” —N. T, Joum. o f Commerce. “ A complete financial
•and industrial record o f the Southern States.” —N. O. Times-Dem,
“ We know of no other work to compare with this Manual for the ex
tent and variety o f information it contains.” —Money, Lon., Eng.
T H E F O U R T H N A T IO N A L
B A N K O F T H E C IT ¥ OF N E W
YORK
OFFERS
TO
DE
P O SIT O R S E V E R Y F A C IL IT Y
W H I C H T H E I R B ALAN CES,
BUSINESS AND
R ESPO N SI
B IL IT Y W AR R AN T.
W alter D el Mar & C o .,
Members New York Stock Exchange?
75 OLD BROAD STREET
LONDON, E . C.
\
BANKERS,
48
C o n g re ss
S tree t,
B o s 'o n ,
M ass.
GOVERNMENT BONDS bought and
sold.
RAILROAD BONDS of conservative
issues constantly on hand.
COMMISSION ORDERS executed in
bonds and stocks.
Special papers manufactured exclusively for
use of the Company.
S A F E T Y CO LO RS.
SA FETY PA PERS.
SO UTH ERN
NO. 1,388
ACCOUNTS SOLICITED.
BU Y
AND
SELL FOREIGN EXCH ANGE.
Superior Facilities for Collections.
S A F E T Y D E P O S IT
V A U LT S
E Q U A L T O ANY IN T H E
COUN TRY.
Eb e n e z e r
G eorge
k.
W r ig h t , President.
ARTHUR LEARY, Vice-President.
8. H ic k o k , Cashier.
Ed w a r d j . Ba l d w i n , A ss’t Cashier.
FOREIGN EXCHANGE bought and
sold.
R obert
BRO KERS
on
BANKERS
AND DEALERS IN INVESTMENT 8BCURITIB8'
Mo. 44 W A L L ST ., N E W Y O R K ,
S a m u e l d . davts .
Chas . b . v a » N ostra » » .
Member N. Y. Stock Exchange
N.
Holmes &
Sons,
BANKERS*
P IT T S B U R G , PENN.
CORRESPONDENTS:
Bank of New York, N. B. A.
First National Bank of Philadelphia,
Simon Borg & C o .,
N o . 2 0 N A S S A U S T ., N E W Y O R K ,
STOCKS,
D I A L E R S IN A L L K IN D S O I
Railroad and Investment Securities.
So u t h e r n
Eq u¡table Mortgage Co.
AND
Samuel D . Davis & C o .,
150 B R O A D W A Y , NEW Y O R K .
Offers for sale Choice Bonds and Mortgages.
A SPECIALTY—NEW YORK CITY & COUNTRY
C a p ita l a u th o r iz e d .................0 0
P a id In (l a .l i ) ..................•••••■
iiif
¡Surplus A un div id ed p rofits.
M il,
W7
A s s e ts ........................................... 1 4 ,0 7 4 ,S l 3 5ti
T h is com p a n y s o lic its c o r r e s p o n d e n c e
a b o u t a ll fir s t-c la s s in v estm en t s e c u r itie s ,
i B u y s an d n e g o tia te s m u n ic ip a l, R a ilr o a d ,
W a t e r , In d u s tr ia l and I r r ig a t io n B o n d s.
Issu e s its d eb en tu res an d n e g o tia te s
m o rtg a g e lo a n s .
C H A R L E S N. F O W L E R , P re s id e n t.
CHAS. RENJ. WILKINSON, Vice-Presto ent.
HENRY P. CHURCHILL, Vice-President.
B. P. SHAW HAN, See. and Treas.
O F F IC E S t
New York, 208 B’way.
I Bost., 117 Devonshire St,
Phila., 4th and Chestnut. I Kansas City, Missouri.
London, England.
I Berlin. Oennany.
. L. L ee . O. B. W atts , Jr
S to c k s a n d B o n d s B o u g h t a n d S o ld
C om m ission .*
INTEREST ALLOWED ON DEPOSITS.
W illiam A . Lombard,
BANK
a
3 0 B R O A D S T R E E T , N. Y .,
BANKERS
DIRECTORS.
Charles Sternbach,
Arthur Leary,
Eugene Kelly,
Charles Scribner,
Ebeneser K. Wright,
Edward C. Hoyt,
Joseph T. Moore,
Edward E. Poor,
Stuyvesant Fish,
W. Rockhtll Potts,
George S. Hart,
August Belmont,
James H. Parker,
Richard Delafield,
Wilson G. Hunt.
N ettin g P u r c h a se r s 4 to 1 0 P e r C ent.
SEND FOR QUOTATIONS.
Goodbody.
Robert Goodbody & C o .,
Se c u r i t i e s
a
Sp e c i a l t y
j. s.
H
I. N ic h o l a s ,
W . C. T a y l o r ,
Members N. Y. Stock Exchange.
N ic h o l a s ,
M. Ma y e r .
H , I. Nicholas & C o .,
B A N K E R S AND
INVESTMENT
BROKERS.
SECURITIES A SPECIALTY. J
11 Wall Street, New York.
A . J. W eil & C o .,
INVESTM ENT S EC U R IT IES
36 Wall SL, New York and St. Lonifl«
fi
THE CHRONICLE1
fVoii. L1V,
Mnlxtxs a M gxrmzxs of gsnaAyx 'gxtlxmxQz
Drexel, Morgan & C o.,
W ALL STREET, CORNER OF BROAD,
NEW YORK.
Drexel & Co.,
SUCCESSORS TO
Drexel,Harjes & Co
KIDDER, PEABODY & CO., NEW YORK,
Oor. o f 5th ¿Chestnut Sts. 31 Boulevard Haussmann
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credit«
available in all parts of thi world?
P H IL A D E L P H IA
Heidelbach,
Ickelheimer & C o .,
B A R I N G , M A G O U N Ac C O ,
1 5 WALL ST., NEW YORK,
P A R IS .
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Draft. Securities
bought and sold on commission. Interest allowed
on Deposits, Foreign Exchange, Commercial Cred
its, Cable Transfers, Circular Letters for Travel
ers, available in all parts o f the world.!
Agents and Attorneys of
BARING BROTHERS & CO.. L im it e d .
•LONDON.
KIDDER, PEABODY & CO., BOSTON.
ATTORNEYS AND AGENTS OF
Choice Investment Securities,
b an k ers,
2 9 W illia m S treet, c o r n e r F x ch a n g e P la c e ,
ISSUE
Circular Letters of Credit
for Travelers Abroad
a v a ila b le In a ll p a r ts o f the w o r ld ,
on the
UNION B A N K O F L O N D O N , L ’ T ’ D ,
T h e se c r e d its ca n a Iso b e ob ta in e d a t the
F ifth A v e n u e B a n k , 4 4 th S t. an d 5 th A y »
fflfeu rs, J . S. M O R G A N Ac. C O .,
No. 22 OLD B ROAD STREET, LONDON
Brown Brothers & Co.,
P H IL A .
NEW YORK,
BOSTON.
1 5 9 W a l l St<
A L E X . BROW N & SONS, BALTIM ORE.
¡CONNECTED B Y P R IV A T E W IR E .
Knauth, Nachod & Kühne
G e o r g e Co p p e l l ,
T h o m a s Ma it l a n d
G e r a l d L. H o y t , Member o f N. r . stock Ex.
BAN KERS,
Maitland, Phelps & C o.,
5 South William Street, New York.
Members N. Y., Phila. and Baltimore stock Exch’s.
22 AND 24 EXC H AN G E PLAC E,
Buy and sell first-class ,
Investment Securities for I t l V P S lT Y l P f l t"
NEW YORK.
customers.
Receive sccounts o f Banks, Bankers,
Corporations, Firms and in- n _
• •
Orders executed for all investment Securities
dividuals, on favorable O C C l i r i L l C S .
terms. Collect drafts drawn
Act as agents o f Corporations, and negotiate and
abroad on all points in the United States and Cana issue Loans.
da, and drafts drawn in the United States on for
eign countries.
BILLS OF EX
Messrs. Smith, Payne
Buy and sell Bills o f Exchange
CHANGE
A Smiths, London ;
and make cable transfers on
Messrs. Mallet Freres
Of
all points. Issue Commercial
TELEGRAPHIC
A Cie, Paris ;
ON
J I *.
and Travelers’ Credits available
TRANSFERS
V aT C Q I L ,
in all parts o f the world.
Banco Nactonal de
LETTERS OF
Mexico, Mexico, and
BROWN, SHIPLEY & CO., LONDON.
CREDIT
its Branches.
Letten
J. & J. Stuart Sc C o.,
33 N ASSAU S T R E E T .
BILLS OF EXCHANGE ON
S M I T H , P A Y N E Ac S M I T H ’ S,
BANKERS, LONDON.
M A N C H E S T E R Ac C O U N T Y R A N K ,
“ LIMITED.”
MANCHESTER, PAYABLE IN LONDON;
U L S T E R R A N K IN G C O M P A N Y ,
BELFAST, IRELAND,
AGENTS FOR THE BANK OF AUSTRALASIA.
August Belmont & C o .,
BANKERS,
N o. 2 3 N A S S A U S T R E E T .
-Kessler Sc C o ,
BANKERS,
64 W A L L STRE E T, NEW Y O R K
Buy and Sell Bills of Exchange and
Cable Transfers on all the Prin
cipal European Cities.
ISSUE COMMERCIAL AND TRAVELLERS’
CREDITS, BUY AND SELL RAILROAD
STOCKS, BONDS AND INVESTMENT SE
CURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
a n d Co r r e sp o n d e n t s o r t h e
THE NEW YORK
M e ssrs. R O T H S C H I L D ,
L o n d o n , F u r ls , F r a n k fo r t a n d V ien n a.
Issue Circular Credits for trarelers available in
all parts o f the world.
Transacts a general banking business.
ALSO COMMERCIAL CREDITS.
Receives accounts of banks, bankers and corpora
Draw Bills of Exchange and make Cable Transfers tions upon favorable terms.
AND ON THE
Europe, West Indies, Mexico and California,
N A T I O N A L R A N K O F S C O T L A N D , to
Issues certificates o f deposit bearing interest.
Execute orders for the purchase and sale of Invest
ment Securities.
EDINBURGH AND BRANCHES.
Solicits mercantile and personal accounts.
ALSO
Bills o f exchange drawn on, and cable transfers
CABLE TRANSFERS & LETTERS OF CREDIT
made through, THE CITY BANK, Limited
LONDON.
Circular letters of oredit Issued for travelers’ ust
SUCCESSORS TO
OHN
ü
c
in foreign countries; also commercial credits.
J E S U P , P A T O M & CO.,
N o . 3 2 N a s s a u S tree t, N e w Y o r k .
Accounts o f foreign bankers received and col
lections in the United States made on favorable
N o . 4 P o s t Office S q u a r e , R o s t o n .
5 2 W i l l i a m S treet, N e w Y o r k .
terms.
Agents in New York of the
Accounts and Agency of Banks, Corporations
Issue Circular Letters o f Credit for Travelers’ Use
BANCO NACIONAL DU CHILE.
firms and individuals received upon favorable terms.
Abroad against Cash or Satisfactory
Dividends and interest collected and remitted.
Guaranty o f Repayment
Act as agents for corporations in paying coupons
E x c h a n g e o n L o n d o n , P a r is , R e r l m , and dividends; also as transfer agents.
J. W. D i m m i c k ,
A. M . B a l d w i n ,
Bonds, Stocks and Securities bought and sold on
President.
Cashier]
Z u r ic h a n d S t. G a ll.
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
CREDITS OPENED AND PAYMENTS MADE BY CABLE sold.
D R A W ON
C O L L E C T IO N S AND IN V E S T M E N T S
P a r is H o u s e —M U N R O E Ac CO.
MADE BY
THE UNION BANK OF LONDON,
BRITISH LINEN CO. BANK LONDON AND
SCOTLAND.
J
M
NROE S
C o.,
A
L E T T E R S OF C R E D IT
a v a ila b le e v e r y w h e r e .
DRAFTS
$n a ll p a rts o f th e w o r ld .
TRANSFERS
by m a il a n d t e le g r a p h .
gents
Produce Exchange Bank,
John Paton Sc C o.,
ALABAM A
FIR ST NATIONAL BANK,
Schulz & Ruckgaber,
BANKERS,
2 9 W IL L IA M S T R E E T , N EW Y O R K .
Correspondents o f the
In te r n a tio n a l B a n k o f L o n d o n (L im ited ),
J o b . B e r e n b e r g , G o s s le r Ac C o ., H a m b u r g .
B rem en B a n k , B re m e n .
M a r c u a r d , K r a u s s Ac C o., F a r ts.
Commercial and Travelers’ Credits.
Bills o f Exchange,
Cable Transfers.
Kountze Brothers,
BANKERS,
190 BROADWAY, Equitable Building, NEW YORR
L E T T E R S OF C R E D IT A N D C IR C U L A R
N O TE S
Issued for the use o f tr&Tft]orN Iyi n il»-»Q_*n « ,,
World. Bills drawn on the UnfoS Bank
Telegraphic transfers made to London at d to
various places m the United States Dennsit»
ceived, subject to check at sight,' an dtoterest
allowed on balances. Government and other bond,
tomlorn
ent *ecurities bou“ llt ^ d bSIS on tom-
M OYTGOM ER Y ,
ALA.
J. & W . Seligman & C o .,
CORRESPONDENCE INVITED
BANKERS,
No. 23 B R O A D S T R E E T ,
N ew Y o rk .
N ew Orleans Canal Sc
Banking Com pany,
Issue Letters of Credit for Travelers
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES & CIE., Paris.
SELIGM AN & 8TETTHEIMER, Frankfurt.
ALSBERG, GOLDBERG & CO., Amsterdam.
ALTMAN & STETTHEIMER, Berlin.
Payable in any part of Europe, Asia, Africa, Australia and America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
J. Kennedy T o d & C o .,
N E W ORLEAN S, L A .
C a p ttn l...£ 1 .0 0 0 ,0 (1 0 |¡S u rplus.... £ 4 7 5 .0 0 0
J. C. MORRIS. Pres.
EDWARD TOBY, Cash,
COBRESPOXDEVTS-Nat. City Bank, Nat. Bank of
, Commerce,
New York. Boatmen’s Bank, St. Louis,
* N, W. Nat Bank, Chicago. Merchants’ Nat. Boston
Bank o f Buffalo,
B U F F A L O , N. Y .
8.8. Jewett , Pres’t,
W m. C. Cornwell , Cash’r
C a p ita l......£ 3 0 0 .0 0 0 I S u rp lu s...... £ 3 2 5 ,0 0 0
N o. 45 W ALL STREET, NEW YORK.
This Bank has superior facilities for making Col
lections in and out of the city on the most liberal
Deposits received subject to draft, and Interest terms, and with careful attention to the best inter
ests of its correspondents.
allowed on balances.
C o r r e s p o n d e n t s :— importers’ A Traders’ Na
tional Bank and Chernies,; National Bank, New
Loan I T'nv.-.t Co., Chicago; Union
OFFER INVESTMENT SECURITIES. York'.Merchants’
Bank of London. Lon i s
Schweizerische Union Bank. ’
Bonds and Stocks bought and sold on commission
S T . G A L L E , ( S w itz e r la n d ).
on all American Canadian, British and Dutch
MERCHANT- $ S
VL BANK,
ü*
'
1 * 0 0 0 , 0 0 0 F ra n c », markets.
R I C H M O $ %t Vi? Mi,; I N I A .
Transfer of Stock and Bonds. Payment and oo I Collections made on cli
Bankers. Aooonnt* and Agencies o f Banks and
. oints on bee|
lection of Dividends, Coupons and Interest War Iterm ; prompt returns.
IN T E R E S T A L L O W E D O N D E P O S IT S .
rants. Foreign Exchange and Gable Transfers ea
JOHN
Presidents
* * * * * * TRANSFERS. LETTERS OF CREDIT
John F. Glenn . Cash’r. j
.r,:;..: Yito-Prtt
SWISS UNION BANK
BANKERS,
J a n u a r y 30
THE CHRONICLE;
1812,]
m
TgaxzIqu.
©atiadiati Uuuhs.
JPtxatxcmL
■- " " -------
!■— W»
Bank of Montreal,
[E S TA B LISH E D
1818.]
- - $ 1 2 ,0 0 0 .0 0 0
- - - - $ 6 ,0 0 0 ,0 0 0
C A P I T A L P a id in
SU RPLU S
G old
G old
Hon. Sir DONALD A. SMITH. President.
E. S. CLOU8TON, General Manager.
N E W YORK OFFICE;
N oe. 59 a n d 61 W A L L S T R E E T .
W A L T E R W A T S O N , Agents.
A L B X ’R LAN G ,
1
)
Buy and sell Sterling ana Continental Exchange
nd Cable Transfers grant Commercial and Travel
ers’ Credits available in any part of the World
esue drafts on, and make collections in, Chicago
end throughout the Dominion of Canada.
;
L o n d o n O ff ic e , N o . 2 2 A b c L u r c l i L a n e .
----" -W ~
The Union Discount Co. N ew Y ork Guaranty &
Indemnity C o .,
of London, Lim it’d.
39 Comhill, London, December 17, 1891.
C a p ita l S u b s c r ib e d
$ 6 ,3 0 5 ,0 0 0
P aid n p ............................................... 3 ,1 5 2 ,5 0 0
R eserve F u n d
9 7 0 ,0 0 6
$ 4 8 5 —£ 1 .
NOTICE IS HEREBY GIVEN that tfce RATES
of INTEREST allowed for money on deposit are as
follows
A T C A L L , I X P E R CEN T.
A T 3 to 7 D A Y S ’ N O T IC E , I X P E R C E N T .
The Company discounts approved bank and mer
eantile acceptances, receives money on deposit at
rates advertised from time to time in tbe London
Paris and Berlin papers, and grants loans on ajv
proved negotiable securities.
C H R IS T O P H E R R . NUGENT, M anager
............
.................
59 C ED AR S T R E E T , N E W Y O R K ,
M u t u a l L ife B u ild in g .
C A P IT A L ,
SU R PLU S,
-
-
-
$2,000,000
$500,000
TRANSACTS A GENERAL BANKING AND
TRUST COMPANY BUSINESS. AND SOLICITS
THE ACCOUNTS OP CORPORATIONS. FIRMS.
AND INDIVIDUALS.
INTEREST ALLOWED ON DEPOSITS.
E D W IN P A C K A R D . P re s id e n t.
A D R I A N IS E L IN . J r ., V ice -P re sid e n t.
G E O . R . T U R N B U L L , ‘Ad V ice -P re s id e n t.
H E N R Y A . M U R R A Y , T r e a s . a n d Sec.
J . N ELSO N B O R L A N D , A s s is t. S e c r e t a r y
DIRECTORS.
Samuel D. Babcock,
Frederic Cromwell,
Richard A. McCurdy,
Josiah M. Fiske,
Edwin Packard,
Walter R. Gillette,
Henry H. Rogers,
LONDON, E N G LA N D .
Robert Goelet,
Henry W. Smith,
George Griswold Haven, H. MoK. Twombly,
N e g o tia te Railway, State and City loans.
Oliver Harriman,
Frederick W. Vanderbilt,
E x e cu te orders for bonds. Shares, etc^ on Com Charles R. Henderson,
William C. Whitney,
mission and transact a general Banking an
Adrian lselin, Jr.,
J. Hood Wright.
Commission Business.
EXECUTIVE COMMITTEE.
S p e c ia l a tte n tio n given to the execution o f Samuel D. Babcock,
Richard A. McCurdy,
orders for Securities on the New York, Lon Frederic Cromwell,
Edwin Packard,
don and Amsterdam Exchanges, in corres George Griswold Haven, H. McK. Twombly,
pondence with
Augustus D. Juilliard,
Henry H. Rogers.
:
Canadian Bank of Commerce Blake, Boissevain & C o.,
.......... $ 6 ,9 0 0 ,0 0 0
C a p ita l an d S u r p lu s
A L E X . LA IR D an d WM. G R A Y
agents,
16 EXC H AN G E PLACE, NEW Y O R K .
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS. ETC.
l i n e C om m ercia l C re d its a v a ila b le In a ll
p a rts o l th e w o r ld .
Canadian Currency bought,
__
Drafts drawn on and Collections made at all
points in Canada.
Merchants* Bank of Canada
........ $ 5 ,7 9 9 ,2 0 0
................ $ 2 ,5 1 0 ,0 0 0
C a p ita l S to c k P a id U p
R eserve F un d
BLAKE
«1
W ALL
&
CO.
2 8 S t a t e S tr e e t . B o s t o n , M a s s .,
Henry Hague and John B. Harris, Jr.,
AGENTS,
STREET, NEW
BROTHERS
5 N a ss a u S tre e t, N e w Y o r k ,
AND
YORK.
A D O L P H B O ISSEVAIN & CO.
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, &C
Is s u e C o m m e rcia l C re d its, A v a ila b le In
a ll P a rts o l the W o r ld .
A m s te rd a m , H o lla n d .
T h e R ailw ay Share Trust
Imperial Bank of Canada.
& A gency Com pany,
C A P I T A L (p a id up)
- - $ 1 ,99 05 00 ,0,0 00 0«
S U R P L U S ................
H . 8. HOWLAND, Pres’t. T. R. MERRITT, Y.-P.
D. R. WILKIE. Cashier.
H E A D O F F IC E , T O R O N T O .
B r a n c h e s i n O n t a r i o .— Essex, Fergus, Galt,
Ingersoll, Niaga a Falls, Port Col borne, St. Cath
arines, St. Thomas, Sault Ste Marie, Welland,
Woodstock, Rat Portage.
T o r o n t o .— Wellington Street, Yonge and Queen
Sts., Fonge and Bloor Sts.
B r a n c h e s i n N o r t h w e s t — Winnipeg, Brandon,
Calgary, Portage la Prairie, Prince Albert, Edmon
son.
Agents in London
1 Agents in New York,
Lloyd’s Bank, limited. I B a n k o f M o n t h e a l .
Collections promptly made tn any part of Canada.
D r a w e r s o t S t e r U n s E x c lia n s r e .
3
:
AGEN CY
OF TH E
A ssets D e c . 3 1 , 1 8 9 1
$ 6 ,7 3 7 ,9 8 8 2 7
S u r p lu s ..................................
6 4 9 ,0 4 1 0 5
1850.
1892.
T h e United States Life
Insurance C o.
IN T H E C I T Y O F N E W Y O R K .
N E W IN SU RAN CE W RIT TE N .
1888............ $6,386,665 50 I 1890............$11,955,157 00
1889............ 8,463,625 00 11891............ 14,101,664 00
G E O . H. B U R FO R D President.
C. P. FRALEIGH,
A. WHEELWRIGHT,
Secretary.
Assistant Secretary.
WM. T. STANDEN, Actuary.
L IM IT E D ,
Tbe two most popular plans o f LIFE INSUR
A Bank Buildings, London, England,
ANCE are the CONTINUABLB TERM POLICY,
which gives to the insured tbe greatest possible
S u b scr ib e d an d P a id -u p C a p ita l, £ 9 7 1 , 3 0 0
amount o f indemnity in the event o f death at the
This Company undertakes the negotiation and lowest possible present cash outlay; and the
issue of Loans and Capital of companies on the Lon GUARANTEED INCOME POLICY,which embraces
don market, and acts as agent for approved Railways every valuable feature of investment insurance,
or other Corporations in payment of Interest, Divi and which, in the event o f adversity overtaking
dends, Registration of Stock, and generally, and also the insured, may he used as COLLATERAL SE
CURITY FOR A LOAN to the extent o f the full
as Trustee for Debunture holders.
legal reserve value thereof, in accordance with the
CABLE ADDRESS, PAVY, LONDON.
terms and conditions o f these policies.
Good Agents, desiring to represent the Company,
are invited to address J . 8 . G A F F N E Y , Super
intendent o f Agencies, at Home Office.
Heinemaim 6c C o .,
B ank
62 Gresham House, E. C.,
OF
The Mutual Benefit
B ritish N orth A merica,
N o. 52 W A L L S T R E E T .
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia and San FranC H R C U L A R N O TE S issued in Pounds Ster.
ling, available in all parts of tbe world. C O M M E R C IA L C R E D I T S IS S U E D for use in
Europe, China, Japan, East and West Indies and the
¡Brazils, RiverPlate, &c.
Bills collected and other banking business trana
«oted.
1 A*ents‘
LONDON,
S o lic it accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur
chase and sale of Bonds, Shares, &&, Ac.
on the Stock Exchange.
I n te r e s t allowed on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
one per cent below that rate subject to de
mand drafts.
N e g o tia te Railway, State and City Loans.________
H ong K ong & Shanghai Pierce, W right & C o .,
B A N K I N G C O R P O R A T IO N .
•Paid-up Capital...................................... $10,000,000 00
•Reserve Fund......................................... 6,806,596 31
Reserve Liability of Proprietors.......... 10,600,000 00
The Corporation grant Drafts, issue Letters o f
-Credit for use o f travelers, and negotiate or collect
•Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, Hong Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo,
San Francisco and London.
A . M . T O W N S E N D , A g e n t , 5 0 W a l l S t.
52 N ew B road
S treet,
LONDON, E . C.
Act as Agents for American Banks and Financla
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
INTEREST ON DEPOSITS. CABLE TRANSFERS.
L I F E IN S U R A N C E C O ., N E W A R K , N. J .
AMZI DODD, - - - - - President.
Assets (Market Yalnes), Jan. 1,1891....$46,997 422 43
Liabilities (N.Y. and Mass. Standard).. 43,566,147 74
Surplus.........\.......................... ............. 8,431,274 69
Surplus, by former N. Y. Standard,
(Am. fix. iX per cent Reserve)......... 5,932,822 69
POLICIES A B SO L U T E L Y N O N -FO RFE ITAB LE A P T S B
SECOND Y E A R .
IN CASK OF l a p s e the P olicy is CONTINUED i n f o bcb
as long as its value will pay for: or, if preferred, a
Paid-up policy fo r its fu ll value is issued in exchange.
After the second year Policies are in c o n t e st a b l e ,
except as against Intentional fraud: and all restric
tions as to residence, travel or occupation are removed.
Ca s h l o a n s are made to the extent ot 50 per cent
o f the reserve value, where valid assignments ol the
policies can be made as collateral secur.cy.
L osses paid immediately upon com pletion and ap*
proval o f proofs.
United New Jersey EE. &
Canal Co.
First Mortgage i Per Cent Hold Bonds,
DUE SE PTE M B E R, 1929,
FOR SALE BY
Winthrop & Co.,
The Bank of Australasia. Dennistoun, Cross & C o., Robert
3 BROAD STREET, NEW Y O R K .
(Incorporated by Royal Charter, 1835.)
N o. 4 T h r e a d n e e d le S tr e e t. L o n d o n .
Paid-up Capital, £1,600,000; Reserve Fund, £800,iDOO; Reserve Liability o f Proprietors under the
sharter, £1,600,000.
Letters ol Credit and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand. Bills negotiated or sent
for collection. Telegraphic transfers made.
D e p o s it.» received in London at interest for fixed
periods, on terms which may be ascertained on ap
plication.
•JPRIDKAUX eusLBY, Secretary. I
Bartholomew Lane, London, E. C.,
Execute orders for the purchase and sale oi
Bonds, Stocks, Ac., oh the Stock Exchange ; receive
accounts and Agencies ot Banks, Railways, Corpo
rations, Firms and Individuals upon favorable
terms; Commercial and Travelers’ Credits and
Bills o f Exchange on them are issued by theii
Agents and Attorneys.
MOSLE B RO TH ERS,
52 EXC H AN G E PLACE, N EW Y O R K .
THOROUGH CIPH ER CO D E.
Secresy Device Perfect: Copious Blanks: Handy Size
($ 1 .5 0 ea ch .) ($ 3 .0 0 p a ir.) ( $ 1 5 .0 0 d o z .)
GET IT FROM
PU B L ISH E R S,
B U R N Z & CO.
2 4 C lin ton F I.
or
C. B U R N Z ,
5 th F ^ oor,
3 3 W a ll S t.
THE CHRONICLE.
IV
You. L I V .
Simmers nn& gtxrLexs in Ujettr Hotit
Co.,
Taintor 6c H olt,
Wood, Huestis 6c C o .,
BANKERS,
BAN KERS
31 Pine Street, New York City.
ffT B r o a d w a y , o p p o s ite E x ch a n g e P la c e .
P. O. BOX 447.
No. 11 Wall Street, Cor. New, New York.
B o o d y , M c LELLAN &
Investment Securities
A specialty, including Water Bonds, Car Trust
Bonds and first-class Bailway Bonds.
Particulars furnished on application.
DAVID A. BOODT,
C. W. MCLELLAN,
H en ry T. B oody .
H enry S. Redmond,
Mem ber
48
W ALL
n.
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
Private telegraph wires to Providence and Boston
G. E. TAINTOR. G. D. L ’HUILIER. G. H. H OLl
Emerson
6c Turnbull,
B A N K E R S AND B R O K E R S
W . K. B. E m erson ,
No. 20 Broad Street, New York.
STOCKS, BONDS AND PETROLEUM.
IN V E S T M E N T S E C U R I T I E S .
M A R G I N A C C O U N TS S O L IC IT E D .
1 - 1 6 P e r C ent C om m ission .
INTEREST ALLOWED ON BALANCES.
Correspondence Invited.
ESTABLISHED SINCE 1868.
Stewart B rown ’ s Sons,
Members New York Stock Exchange,
STOCK B R O K E R S ,
BANKERS,
Ra m s a y T urnbull
La Montagne, Clarke & Co.,
BANKERS AND BROKERS,
4 4 a n d 4 6 B r o a d w a y , N ew Y o r k .
S. L a M o n t a g n e , J r ., Member N. Y. Stock Exoh
H e r m a n Cl a r k e .
W allace
b . s m it h .
Private wires to Philadelphia, Pittsburg, Scran
ton, Reading. Wilkesbarre Lancaster and Bethle
hem. Private wire to Chicago.
Robertson 6c James,
BOM B and STO CK B R O K E R S ,
Dealers in Inyestment Securities,
NO. 7 NASSAU STREET,
64 B R O A D W A Y , NEW Y O R K .
(Continental National Bank Building,)
New Y ork .
C o.,
B A N K E R S AND B R O K E R S ,
INYESTMENT and MISCELLANEOUS
SECURITIES.
Southern Securities a Specialty.
WM. M. HARRIMAN, Member N. Y. Stock Exohang e
NICHOLAS FISH.
OU TER HARRIMAN. Jr
Harriman
(Established in 1866.)
BANKERS AND BROKERS,
•
Furnish inform ation respecting bonds
Y ou n g
Gilman Son 6c C o .,
6c Nelson,
46 W a ll Street, Mew Y o rk .
Inyestment
Secnrities
BANKERS AND BROKERS.
TRANSACT A GENERAL BANKING AND STOCK
[EXCHANGE BUSINESS.
Rolston & Bass,
E m erson M cM il l in .
STOCKS, BONDS AND MISCELLANEOUS^
SECURITIES.
W. H. ROLSTON,
2 0 B r o a d S tre e t,
W. ALEX. BASS, Jr.
NEW Y O R K .
Members N. Y. Stock Ex.
EDWIN 8. HOOLEY.
P. O. Box 8.080
W . H . Goadby 6c C o .,
b a n k e r s
NO.
24
W. 8. NEMO»
A M ES B U IL D IN G ,
Marquand 6c Skehan,
B A N K E R S AND B R O K E R S ,
DIVIDEND-PAYING MINING
SEC U R ITIES.
Investment B onds and Stocks,
16 B R O A D STRE E T, NEW Y O R K .
R u sse l l
bankers and brokers,
Haven 6c Stout,
AND
18
W ALL
STREET,
NEW
Inyestment Secnrities.
B O U G H T AND SO LD
YORK
AND
BROOKLYN
FIN A N C IA L
TR U STC C O ’S STO CK S.
Specialties for Twenty Years.
A. M. K id d e r ,
H . M o rse
j.
BROADW AY.
NEW
YORK.
SO U TH ER M
YORK.
E sta b lish e d 1 8 6 5 .
Members Of the Consolidated Stock and Petro enm MEMBERS OF NEW YORK STOCK EXCHANGE
Exchange.
Allow interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
RAILROAD .STOCKS AND BONDS
A t 1 - 1 6th p e r cent C om m ission
NEW
96
B A M K E R S,
BRO K ERS,
2 E x ch a n g e C o u rt, N. Y .
NEW Y O R K ’
P r iv a t e W lr e a to B o s to n an d P h ila d e lp h ia .
W IL L IA M C . N O Y E S 1
Member N. Y. Stock Exchange.
BANKERS
No. 1 Exchange Court
D e a lt In by
J a m e s B. Sk e h a n
m arquand
S E C U R IT IE S ,
Howard Lapsley 6c C o .,
BOSTON, M ASS.
DEALERS IN
Y ork .
IMV E STMEMT
H e n r y G. Ca m p b e l l , } Members N. Y. Stock
J. B o r d e n H a r r im a n , >
Exchange.
41 W A L L S T R E E T , N E W Y O R K ,
,
STREET*
7 P IN E S T R E E T , NEW Y O R K .
John JrL. Davis 6c C o., Emerson McMillin & Co,
T h e Colorado M ining
H . G. Cam pbell 6c C o., Investment Com pany,
b r o k e r s
H atch 6c Foote,
H e n r y B. W il so n .
BANKERS AND BROKERS,
4 0 W A L L STREET, NEW Y O R K .
Negotiations Conducted for Purchase and Sale of
N o . 1 0 W A L L . S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all Ex G as, E le c tr ic, W a te r , S treet R a ilw a y , C oa l,
I r o n an d In d u s tr ia l P r o p e r tie s .
changes
Securities negotiated only upon personal examina
Especial attention given to supplying high-class
tion o f property.
IN V E S T M E N T S E C U R IT IE S .
and
BROAD
N ew
a Specialty.
In addition to a General Banking Business, Buy
YOUNG, JR.,
Ô
and S 11 Government Bonds and Investment Se T. S.Member
N. Y. Stock Exchange.
curities.
B A N K E R S AND B R O K E R S ,
9 N ew S tr e e t an d 1 4 B r o a d w a y ,
NEW YORK
6c C o.,
N o . 1 2 0 R R O A D W A V , |N E W Y O R K ,
EQUITABLE BUILDING,
R . J. Kim ball 6c C o.,
1 6 a n d 1 8 B r o a d S treet, N e w Y o r k .
Supply selected investment bonds for cash or in
Members of the New York Stock Exchange and of
exchange for marketable securities.
the Philadelphia Stock Exchange.
Execute commission orders for investors at the
R o b e r t J .K im b a l l . A l fr e d B .L o u n s b e r r y .
Stock Exchange or in the open market.
NO. 62 C E D A R S T R E E T .
DEALERS IN
INYESTMENT BONDS A SPECIALTY.
ft W a ll Street, N ew Y ork .
BAN KERS,
Mo. 10 W A U L S T R E E T ,
M EW Y O R K .
Member N. Y. Stock Exchange.
Stocks and bonds bought and sold on commission
small or large lots. Accounts solicited. Infor
mation promptly given.
Fahnestock &
R . A . Lancaster 6c Co.*
BO N D S.
Carefully compiled list o f choice Investment Bonds
furnished upon application.
Fred H . Smith,
IN V E S T M E N T S E C U R IT IE S .
C. H. HUESTIS
(Member N. Y. Stock Exchange)1'
L. M. SWAN,
E. H. LADD, J r .,
_ _
„
.
General Partners.
C. D. W OOD, Special Partner.
80 BR O A D W A Y.
YORK.
B O N D S .
BROKERS,
AND DEALERS J N
Y . Stock E x h c a n g e ,
STREET, NEW
C O M M IS S IO N
g h a s . d . Ma r v i n ,
w . M. K id d e r .
California
Securities
OF THE HIGHEST CHARACTER.
7 P e r C ent D eb en tu re B on d s.
8 P e r C ent G u a r a n te e d M o r t g a g e s .
W . R . T . Johnston,
60 B R O A D W A Y , N E W Y O R K .
J a n u a r y 30, 1892.]
THE
c h r o n ic l e :
è r t i s i
< & B m vvL u U s.
Union Trust Company United States Trust Co.
OF NEW Y O R K ,
80 Broadway, New York.
C A P I T A L ............................. $ 1 ,0 0 0 ,0 0 0
SURPLU S-$ 4 ,0 0 2 ,5 1 8 9 2
Authorized to act as Executor, Administrator,
Guardian, Receiver or Trustee, and is ___
A LfcGAL DEPOSITORY FOR MONEY.
Acts as Trustee of mortgages o f corporations, and
accepts the transfer agency and registry of stocks.
Allows interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
interest for the whole time they remain with the
company.
____
For the convenience o f depositors this company
also opens current accounts subject, in accordance
wit h its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
through the Clearing House.
^
Attends specially to the MANAGEMENT OF
REAL ESTATE and to the collection and remit
tance o f rents.
It makes ample provision in its
_ . TT_ mo
NEW BURGLAR AND FIRE PROOF VAULTS
for the safe keeping of securities placed in its cus
tody, on which it collects and remits income.
TRUSTEES.
. ■
Wm. Whitewright,
H. V an Rennsl’r Kennedy
Henry A. Kent,
James H. Ogilvie,
R. T. Wilson,
James T. W ood ward,
Wm. F. Russell,
George A. Jarvis,
C. D. Wood,
C. Vanderbilt,
James N. Platt,
A. A. Low,
D. C. Hays,
G. G. Williams
Wm. Alex. Duer,
R. G. Remsen,
Charles H. Leland,
Edward Schell,
Edward King,
Amasa J. Parker,!
E. B. Wesley,
Samuel F. Barger
D. H. McAlpin,
Geo. C. Magoun,
George B. Carhart,
W. Emlen Roosevelt
Cnauncy M. Depew.
EXECUTIVE COMMITTEE.
Wm. Whitewright,
G. G. Williams,
Edward Schell,
E. B. W esley.
Geo. C. Magoun,
C. D. Wood,
D, J. Hays;
James T. Woodward.
EDWARD KING, President.
CORNELIUS
D.
WOOD,
f Vice-Presidents.
JAMES H. OGILVIE, $
vice-rresiaenis.
AUGUSTUS W. KELLEY, Secretary.
J. V. B. THAYER. Assistant Secretary.
OF NEW YORK,
45 and 47 Wall Street.
C A P I T A L A N D S U R P L U S , - » 9 ,7 5 0 ,0 0 0
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
or trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators or trustees of estates,
and w o m e n unaccustomed to the transaction ox
business, as well as religious and benevolent institu
tions, will find this company a convenient depository
for money.
JOHN A. STEWART, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK, Second Vice-Pres’t.
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assistant Secretary.
TRUSTEES:
Wilson G. Hunt, Jno. H. Rhoades, Chas. S. Smith,
Daniel D. Lord, Anson P. Stokes, Wm.Rockef elier,
Samuel Sloan,
Geo. H. Warren, Alex. E. Orr,
James Low,
Wm.H. Macy,Jr.,
George Bliss,
Wm. W. Phelps, Wm.Libbey,
Wm. D. Sloane.
D. Willis James, John C. Brown, G. H. Schwab,
John A. Stewart, Edward Cooper, Frank Lyman,
Krastus ComingJw. B’y’d Cutting. Geo. F. Vietor,
Wm. W a'dorf Astor.
T h e Nassau Trust Co,
1 0 1 B roa d w a y « B ro o k ly n « N . Y .
C A P I T A L ......................................... $ 5 0 0 ,0 0 0
Deposits received subject to check at sight, and
in te r e s t a llo w e d on the resulting daily balances.
Certificates of deposits issued for time deposits,
on which sp ecia l ra te s will be allowed.
I n te r e s t com m ences from d a te o f d ep osit.
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver.
Fiscal and Transfer Agent and as Registrar of
Stocks and Bonds; Is a le g a l d e p o sito r y fo r
T r u s t F u n ds and for moneys paid into court.
Loans made on approved collaterals.
Will take entire charge o f securities during ab
sence or otherwise of owner.
Checks on this Company are payable through the
New York Clearing House.
A. D. WHEELOCK, President.
WILLIAM DICK, ) vif>„ PrAHt,_
JOHN TRUSLOW, 5 Vice-Prest S.
O. F. RICHARDSON Secretary
T R U S T E E S |]
Wm. Dick,
F. W. Wurster, Joel F. Freeman
2 3 4 F I F T H A Y E ., C O R . 2 7 T H S T R E E T . A. D. Baird
Bernard Peters, Chas. H. Russell,
Branch office, 18 Wall St. and 3 Nassau St.
Darwin R. James, Wm. E. Horwill, Edward T. Hulst
H. Rogers,
Joseph F. Knapp, Jno. McLaughlin,
C A P I T A L A N D S U R P L U S , - 8 1 ,0 0 0 ,0 0 0 H.
E. B. Tuttle,
Jno. T. Willetts, A. M. Suvdam,
DESIGNATED LEGAL DEPOSITORY.
John Truslow,
John Loughran, Wm.E. Wheelock
Acts as Executor or Administrator o f Estates and Thos.F. Rowland. Wm. F. Garrison, O. F. Richardson.
A. D. Wheelock,
as Guardian; Receiver, Registrar, Transfer and Ditmas Jewell,
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. BARNEY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
3 7 and. 3 9 W a l l S tree t. N e w Y o r k .
D IR E C T O R S *
P a id -U p C a p it a l*.................... ,...$ 1 ,0 0 0 ,0 0 0
Joseph S. Auerbach,
John S. Tilney,
S u r p lu s .............................................
7 0 0 ,0 0 0
Harry B. Hollins,
E. V. Loew,
Designated as a legal depository by order of
Jacob Hays,'
Henry F. Dimock
Supreme Court. Receive deposits or money on in
Charles T. Barney,
John P. Townsen d
terest, act as fiscal or transfer agent, or trustee for
A. Foster Higgins,
Charles F. Watson,
oorporations, and accept and execute any legal trusts
Robert G. Remsen,
David H. King, Jr, <
from persons or corporations, on as favorable terms
Henry W. T. Mali,
Frederick Q. Bourne
as other similar companies.
Andrew H. Sands,
Robert Maclay
James H. Breslin,
C. Lawrence Perkins,
T homas Hillhouse, Pres. Fred ’k D. Tappen, V.-Pres
Gen. George J. Magee,
Edward Wood,
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
I. Townsend Burden.
Wm. H. Beadleston.
George D" Coanev. Assisi zn Secretary.
Alfred L. White.
FRED’K L. ELD RIDGE, Secretary.
J. HENRY TOWNSEND, Assist. Secretary.
Knickerbocker Trust
Company,
Metropolitan Trust Co.
Provident Life & Trust Co.
Investments in the South.
Exchange Banking &
Trust Com pany,
Y
OF P H IL A D E L P H IA .
Incorporated Third Mo., 22d, 1865.
(CHARTER PERPETUAL )
C A P I T A L ........................................$ 1 ,0 0 0 ,0 0 0
OLD CO LO N Y
TRU ST COM PANY.
BO STO N, MASS.
C a p ita l
S u r p lu s ,
-
-
$ 1 ,0 0 0 ,0 0 0 0 0
5 0 0 ,0 0 0 0 0
T r a n s a c ts a G e n e ra l B a n k in g B usin ess«
AL L O W S INTEREST ON D A I L Y BALAN CES SUBJECT
TO CHECK.
TRUSTEE U N D ER M ORTGAGES. T R A N SF E R
R E G IST R A R .
AG EN T
B O A RD O F D IR E C T O R S ,
T. Jefferson Coolidge, Jr., President' '
Frederick L.'Ames.
John F. Anderson.
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Hlgginson, ’
Henry S. Howe,
- Walter Hunnewell,
William P. Mason
George Von L. Meyer
Laurence Minot,
Richard Olney’
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer
John I. Waterbary
Stephen M. Weld,
Henry C. Weston
T. JEFFERSON COOLIDGE, JR .,
President.
C. S TUCKERM AN,
Secretary
Manhattan
Trust
Co.
Corner of Wall and Nassau Sts., N. Y.
C A P I T A L , ................................... 8 1 ,0 0 0 ,0 0 0
DIRECTORS
F. O. French, N. Y.
H. W. Cannon, N. Y.
R. J. Cross, N. Y.
John R. Ford, N. Y.
H. L. Higginson, Boston. T. J. Coolidge, jr., Bos.
August Belmont, N. Y.
James O. Sheldon, N. Y.
E. D. Randolph, N. Y.
A. 8. Rosenbaum, N. Y.
H. O. Northcote, N. Y,
John N. A Griswold, N. Y.
C. C. Baldwin, N. Y.
Sam’l R. Shipley, Phila.
Chas. F. Tag, N. Y
R. T. Wilson, N. Y.
John Kean, Jr., N. J.
J. I. Waterbury, N. Y
F. O. French, President.
J. I. Waterbury, V.-Pre»
A. T. French, Secretary and Treasurer.
ALLOWS INTEREST ON DEPOSITS. EXECUTES TRUSTS OF EVERY DESCRIPTION.
REGISTRAR AND TRANSFER AGENT
St. Louis Trust C o.,
C O R N E R 4 tb A N D
LOCUST
STREETS
St. Louis, Mo.
C a p ita l a n d S u rp lu s, - $ 3 ,0 0 0 ,0 0 0
D IR E C T O R S :
John T. Davis,
Alvah Mansur,
Daniel Catlin,
Edward S. Rowse,
Sam’l W. Fordyce,
Jno. A. Scudder,
August Gehner,
Edward C. Simmons,
Henry C. Haarstick,
Edwin O. Stanard,
Wm. L. Huse,
J. C. Van Blarcom,
Chas. D. McLure,
Thos. H. West,
Edwards Whitaker.
THOS. H. WEST, President.
JOHN D. FILLEY, Secretary.
A. C. STEWART, Counsel.
Allows Interest on Deposits. Executes Trusts of
every Description. Acts as Registrar and Transfer
Agent, &c.
Mississippi Valley Trust
Com pany,
A S S E T S , $ 2 5 ,3 7 7 ,6 9 3 9 7
INSURES I,IVES, GRANTS ANNUITIES, RECEIVES MONEY ON DEPOSIT, returnable on
3 0 3 N o r th 4 t h S tree t,
demand, or on which interest is allowed, and is
empowered by law to act as EXECUTOR, ADMIN
C H A R L E S T O N S . C .,
ST. LOU IS, M ISSO UR I.
ISTRATOR, TRUSTEE, GUARDIAN, ASSIGNEE
COMMITTEE, RECEIVER, AGENT, etc., j-or the
■ (T ra n sa cts a G e n e ra l B a n k in g an d T ru st faithful performance o f which its capital and C a p ita l................................................$ 1 ,5 0 0 ,0 0 0
UNDER STATE SUPERVISION.
B u sin e ss. S a v in g s D e p a rtm e n t. In te re st surplus fund furnish ample security.
All trust funds and investments are kept separate $ 2 0 0 ,0 0 0 d ep osited w ith S ta te O fficer to
A llo w e d on D ep osits.
and apart from the assets o f the company
p ro te c t tru st lia b ilit ie s .
Investments made (at usual rates o f commission)
The income o f parties residing abroad careful
A GENERAL TRUST COMPANY BUSINESS.
n safe and reliable interest-paying Southern secur collected
and
duly
remitted.
ities, and 1st mortgage loans on improved city and
Allows Interest on Deposits.
SAM’L R. 8HIPLEY, President.
town real estate. Correspondence solicted as to all
Authorized to act as Executor, Guardian, Receiver,
T. WISTAR BROWN, Vice-President.
Southern i nvestments. Being within easy reach
Trustee, &c. Manages Estates. Collects Rents.
ASA S. WING, Vioe-Pre8ident and A cta a n
o f all parts of the South thorough and careful inves
Becomes Surety on all kinds of Court Bonds.
tigation can be made o f intended investments or
Has Safety Deposit Vaults; a Savings Department.
purchases.
INVESTMENT SECURITIES A SPECIALTY.
^ O F F IC E R S .
DIRECTORS:
Charles Clark,
L. G. McNair, Chas. H. Bailey
GEO. B. EDWARDS, President.
Thos.
T.
Turner,
John
D. Perry, F. W. Paramore
P. N. PICKENS. Cashier.
IN
Wm. F. Nolker,
John Scullin,
Geo. H. Goddard
H. C. WH1LDEN, Secretary and Treasurer.
T. O’Reilly, M. D., B. F. Hammett, James Campbell,
J. LAMB PERRY, Solicitor.
8. W. Cobb,
S. E. Hoffman, J. W. Kauffman,
SMYTHE & LEE, General Counsel.
Aug. B. Ewing,
D. W. Caruth, Julius S. Walsh,’
S. R. Francis.
Williamson Bacon.
D IR E C T O R S .
OFFICERS:
NO COMMISSIONS charged borrower or lender unti
A. S. J. P e r r y , o f Johnston, Crews & Co., wholesale
J
u l iu s S. W a l s h , President.
loans have proven good.
dry goods.
J oh n D. P e r k y , 1st Vice-President.
W il l ia m M. b i r d , o f Wm. M. Bird & Co., wholesale
J o h n Sc u l l in , 2d Vice-President.
FRAN CIS S M IT H & CO.,
paints and oils.
B r e c k in r id g e J ones , Secretary.
J a m e s A l l a n , o f James Allan & Co., jewelers.
SA N A N T O N IO , T E X A S .
J. H . F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
Gxo. B. E d w a r d s , Pres. Electric Light & Power Co
A N Y P E R S O N D E S IR O U S O F M A K I N G
an investment in Tacoma realty, appraised by
three disinterested persons at $230,000, requiring an
outlay o f |125,000 with an assured return of 10 per C O N S U L T I N G E N G I N E E R ,
cent per annum for 3 years, will please communicate
W ATERFORD,
4 3 J O H N S T .,
BAN KERS AN D COMMISSION MERCHANT • with the Commercial Investment Company, Box 3
N. Y .,
or
N. Y . C I T Y .
Tacoma, Washington. References, National Bank
C3 3 W a l l S tr e e t; N ew Y o r k ..
o f Commerce, Bank o f British Columbia.
E x a m in a tio n s a n d R e p o r t s l o r I n v e s t o r s .
M ortgage Loans
TEXAS.
Jos. C . Platt, C . E .,
R . T . Wilson & C o .,
vi
THE CHRONICLE
Interest, ^ iv iä tn ä s r Set
T H E IN T E R E S T ON T H E F O L L O W I N G
JL bonds is payable at the banking house of
Messrs WINSLOW, LANIER&Co.. No. 17 Nassau
Street, New York City, on and after Feb. 1,1892.
American Cotton Oil Co.,
Debenture 8s.
Cleveland & Mahoning Valley R ’y Co.,
First Mortgage 7s.
Lawrence R. R. Co.,
First Mortgage 7s.
Marietta, Ohio,
Mar. & Cin. Aid 8s.
Pittsburg Ft. Wayne & Chicago R’y Co.,
First Mortgage 7s, Series B.
Second Mortgage 7s, Series H.
Randolph County, Ind.,
Gravel Road 6s.
Rock Island, 111.,
Water Works 5s.
Ridgeville, Ind.,
School 6s.
St. Paul & Northern Pacific R ’y Co.,
General Mortgage 6s.
General Mortgage 6s, Reg. Quarterly.
Feb. 4.
Rush County, Ind.,
Gravel Road os.
Feb. 10.
Oakland City, Ind.,
School 6s.
Feb. 15.
Hamilton County, Ind.,
Gravel Road 6s.
Starke County, Ind.,
County 6s.
_
Feb. 16.
Klrklin, Ind.,
School 78.
„
Feb. 18.
Howard County, Ind.,
Gravel Road 6s.
Co.
F F IC E O F T H E S O U T H E R N P A C IF IC
.COMPANY, 23 B r o a d St . (M i , l s B d i l d i n g X
_
New Y ork , January 21,1892.
Coupons due February 1,1892, from the bonds of
the following compnnles will be paid on and after
that date at this office: TEXAS & NEW ORLEANS
5 5 f,m£ v i8S,mSrtKa£.e 7 Per cent, Mail» Line: GAL
VESTON HARRISBURG & SAN ANTONIO RY.
CO. 1st mortgage 6 per cent, Eastern Division.
TIMOTHY HOPKINS, Treasurer.
O
r e a l e sta te lo a n s , w h ic h a r e d ep osited w ith
th e S a fe D e p o sit & T ru s t C om pany o f B o s
to n , T r u s te e .
I n te r e s t p a y a b le Q u arterly at th e Ninth
N a tio n a l B a n k , N ew Y o r k .
B o n d s m atu re fro m fiv e to ten y e a r s .
These bonds are held for inves ment
by the leading sayings bants and trust
estates in the country.
NEW Y O R K
C H IC A G O &
ST. LOUIS RAILROAD CO.
ST.
Gr a n . C b n t r a l D e p o t , . )
N ew Y o r k , Jan 28,1892 j
The Board o f Directors have this day declared a
dividend of three per cent on the first preferred
stock of this Company, payable at this office on the
1st day of March next, out o%the net earnings for
the calendar year 1891.
The transfer books for first preferred stock will be
closed at 3 o’clock P. M. on Monday, the first day of
February, and will be reopened on the morning of
Wednesday, the second day of March.
ALLYN COX, Treasurer.
T H E W H E E L IN G & L A K E E R IE R A I L A
W AY COMPANY,
NO. 40 W ALL ST., NEW YORK, JAN. 19,1892.
DIVIDEND NO. 16.
A dividend o f one and one-quarter (1&) per cent on
the preferred stock o f this compuiy fur the quar
ter ending Dec. 31,1891, has this day been declared,
and will he paid on and after Feb. 16,1892. The
transfer books will close on Feb. 5, at 8 o ’clock
and reopen Feb. 17 at 10 o ’<lock A. M.
J A M E S M . H A M ) Secretary.
D U F F A L O R O C H E S T E R & P IT T S B U R
A>
RAILW AY COMPANY.
A quarterly dividend o f 114 per cent out o f n
earnings has been declared on the preferred stock
this Company, payable on February 15th next
stockholders of record on February 5th at the offl
ofth e Company, 36 Wall Street, New York.
The transfer books o f the preferred stock of tl
Company will be closed on Friday, February 5th,
S o clock P. M. until 10 o ’clock A. M. on Tuesda
16th February next.
HOCART, Assistant Treasurer
New Y ork , January 21,1892.
G riswold & G illett,
5 W A L L S T ., N E W Y O R K .
N otice to Bondholders.
Notice ls hereby given to the holder or holders of
the following First Mortgage Land Grant and Income
Bonds of the Texas & St. Louis Railway Company
to present and file the same in the registry of the
Circuit Court of the United States for the Northern
District of Texas, at Waco, on or before the first
day of July, A. D., 1895, then and there to receive
the dividends declared due on said bonds by said
court in its final decree, rendered In equity cause
number 55, entitled
“ JOHN W. PHILLIPS and L. B. FISH, Trustees,
vs.
THE TEXAS & ST. LOUIS RAILWAY COMPANY
IN TEXAS, ET AL.”
Said bonds are numbered as follows:
512, 513, 514, 515, 516, 617, 599,607, 608, 609, 610, 611>
645, 654, 655,* 656, 657, 659, 766, 768, 769, 770, 771, 772,
773, 774, 775, 776, 777, 778, 779, 780, 781,782, 783, 784,
785, 786, 787, 788, 789, 790, 791, 792, 793, 794, 795, 796
797, 798, 799, 800, 801, 802, 803, 804,805, 806, 807, 808,
809, 810, 811, 812, 813, 819, 820, 829, 830, 831, 832, 833,
834, 835, 836, 837, 838, 839, 840.
J. H. FINKS,
Clerk U. S. Circuit Court for the Northern District of
Texas at Waco.
M IL W A U K F E L A K E SHORE
¡XL e r n r a i l w a y c o m p a n y .
W IS T -
52 WALL St .. Ne w Y o r k , January 23,1892.
A dividend of THREE AND ONE-HALF PER
CENT (making seven per cent for the year 1891) has
been declared on the preferred stock of the Milwau
kee Lake Shore & Western Railway Company, pay
able at the National Bank of Commerce, New York,
on February 15,1892, to the preferred stockholders
o f record at the closing of the books on Tuesday,
February 2d next. Transfer books of the preferred
and common stocks will close on Tuesday, February
2d, and reopen on Tuesday, February 16th, 1892.
M. L. SYKES, Treasurer.
T H E N A T IO N A L C O R D A G E C O M P A N Y .
J-
Ne w Y o r k , J a n u a r y 8,1892.
The Board o f Directors have this day declared the
regular quarterly dividend of TWO PER CENT on
the Preferred and TWO AND ONE-HALF PER
CENT on the Common Stock of this Company, pay
able Feb. 1 next at the transfer office of the Com
pany, 132 Front St., this city. The books will close
Jan. 15 and reopen Feb. 2 next.
CHARLES DAYIS, Treasurer.
fk F F I C E N E W P O R T N E W S & M I S S I S oo
SIPPI VALLEY CO.
23 B r o a d St . (M il l s b u il d in g ),
l
Ne w Yo r k , January 21, 1893.1
Coupons due February 1,1892, from the following
bonds will be uaid at and after maturity at this office:
Paducah & Elizabeihtown RR. Co., 1st Mt. e.
Chesapeake Ohio & Southwestern RR. Co. Is“.
Mtge.
Chesapeake Ohio & Southwestern RR, Co. 2d
Mtge.
I. E. GA.ES, Treasurer.
Mail hattan Elevated 4 per cent Scrip.
Winona & Southwestern Bonds and Stock.
St. Joseph & Grand Island Stock.
Brooklyn Elevated Stock and Bonds.
Little Rock & Memphis Stock.
Postal Telegraph-Cable Stock.
D e*.li in b y ‘
GUS TAY U* H AAS,
2 6 B r o a d Street*
Henry W. Donald, Auctioneer.
OF
Stocks and Bonds,
TUESDAY, Feb. 8d, at 12:30 P. M,
T h e se bon ds a r e se c u r e d b y first m ortg a g e
P r ic e P A R an d a c c ru e d in te r e s t.
/" t F F I C E O F P U L L M A N ’ S P A L A C E C A R
\ s COMPANY,
Ch ic a g o , January 20,1892.
D IV ID E N D NO. 1 0 0 .
The usual quarterly dividend o f TWO DOLLARS
per share from net earnings has been declared, pay
able February 15 to stockholders o f record at close
o f business February 1,1892.
Transfer books will close February 1 and reopen
February 16,1892.
A. S. WEINSHEIMER, Secretary.
A
Investment Trust
* f America.
B ro a d w a y , N ew Y o rk .
Coupons maturing February 1st, 1892, on the fol
lowing bonds are payable at our office:
City o f Jeffersonville, Ind.,
Funding 5, 6 and 7 per cents.
City o f Gloversville, N. Y.,
Water Works 3 per cents.
City o f Muncie, Ind.,
Refunding 5 per cents.
Ashtabula Suburban Water & Light Co.,
First Mortgage 6 per cents.
Crawfordsville Water & Light Company Extension,
First Mortgage 6 per cents.
Debenture Guarantee & Assurance Company of
Great Britain and America,
6 per cent Series “ C” Debentures.
Nebraska City Water & Light Company,
First Mortgage 6 per cents.
New York & Mount Vernon Water Company,
Extension 6 per cents.
Shelbyvllle Water & Light Company,
First Mortgage 6 per cents.
Topeka Water Company,
First Mortgage 6 per cents.
COUPONS PAYABLE FEB. 17.
County o f Winnebago, Iowa,
Refunding 5 per cents.
R ichard V. Harnett & Co.
REGULAR AUCTION SALE
OF THE
m ent th at w ill p ay the in v e s to r 6 p e r cen t.
BANK ER S,
THE
6 P ER C EN T CO LD
Debenture Bonds
W c k n o w o f n o se c u r ity as sa fe fo r invest^
Coffin & Stanton,
M
I fit m u jc ia L
At the Real-Estate Exchange & Auction Room,
Xes. 59 to 65 Liberty St.
(Executors’ Sale.)
192 shares Indian Spring Land Co., $50 each.
(For account of whom It may concern.)
60 shares American Exchange National Bank, $100
each.
60 shares Crown Point Iron Co., $100 each.
100 shares National Broadway Bank, $25 each.
50 shares Bank of N.w York, $100 each.
40 shares Commercial Alliance Life Insurance Co,.
$100 each.
25 shares Bowery Bank, $100 each.
100 shares Minneapolis & St. Louis Railway Co.,
common, $100 each.
2 0 shares Merchants’ National Bank, $50 each.
200 shares Ohio Central R. R. Co. (old stock), $100
each.
200 shares Citizens’ National Bank, $25 each.
30 shares Commercial Alliance Life Assurance Co.,
$100 each.
60 shares National Bank of the Republic, $100 each.
20 shares Corn Exchange Rank, $100 each.
60 shares Gallatin National Bank, $50 each.
50 shares German American Bank, $75 each.
25 shares Madison Square Bank, $100 each.
$2,000 Chicago Kansas City & Texas Railway Co.
1st Mortgage o per cent Bonds, due
1907 (hypothecated).
$5,000 New York Chicago Sc St. Louis Railway Co.
4per cent Registered Bonds, due 1937.
$10,000 New York Lake Erie & Western R. R. Co. 1st
Mortgage 5 per cent Bonds, due 19 0.
$1,000 Buffalo New York & Erie R. R. Co. 1st Mort
gage 7 per cent Bonds, due 1916.
$80,000 Alabama “ B ” 5 per cent Bonds, due 1906.
$20,000 Long Island R. R. Co. 1st Mortgage 7 per
cent Bonds, due 1898.
$5,000 New York Central & Hudson River R. R. Co.,
6 per cent Bonds, due 1893.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should be received by noen on Friday
to get the benefit of advertising In this paper.
S T O C K S and B O N D S
A t A uction.
The undersigned hold REGULAR WEEKLY
AUCTION SALES o f all classes o f
S T O C K S AND
BONDS
ON
EV E R Y W EDNESDAY.
A D R IA N H . M U L L E R & SON,
NO. 1 PINE STREET. NEW YO R K .
South Carolina R ailw ay
Com pany.
R E O R G A N IZ A T IO N .
N O T IC E : T h e tim e f o r the d ep osit o f t h e
s e c u r itie s o i th e S ou th C a r o lin a R a ilw a y
C om p an y (o th e r th a n th e first m o rtg a g e
bon ds) w it h th e C en tra l T ru s t C om p an y o f
N ew Y o r k , is e x te n d e d to M o n d a y , F e b
r u a r y 1 5 , 1 8 9 2 , in c lu s iv e , a f t e r w h ich d a te
s e c u r itie s w ill b e r e c e iv e d o n ly u p on su ch
term s a s m ay b e d ecid ed by the C om m ittee.
A S U B S T A N T IA L M A J O R IT Y OF T H E
SECOND M O R T G A G E B O N D S , U N D E R
W H IC H A L O N E A R E O R G A N IZ A T IO N
A P P E A R S P R A C T IC A B L E , A S W E L L
A S A C O N S ID E R A B L E A M OUNT O F T H E
S T O C K A N D T H E IN COM E B O N D S , H A S
ALREADY
B E E N D E P O S IT E D , A N D
S T E I S A R E N O W B E IN G T A K E N U N D E R
T H E D IR E C T IO N O F T H I S C O M M IT T E E
TO F O R E C L O S E . T H E P R O P E R T Y OF
TH E R A IL W A Y COM PANY.
F R E D E R IC P . O LC O TT,
GUSTAVE J. W E T Z L E R ,
F . S. S M IT H E R S ,
OTTO LOEW EN GARD,
H E N R Y P. TALM ADGE,
•
C om m ittee.
New Y oek , Jan. 25,1892.
G. S. ELLIS, Secretary, 54 Wall St.
/
vii
THE CHRONICLE
J a n u a r y 30, 1892.J
%usuxixutz.
f i n a n c i a l .
O F F IC E O F T H E
Liverpool & London & Globe
INSURANCE COMPANY.
A T L A N T IC M U T U A L
Insurance Company,
N ew Y ork , January 25th, 1892.
The Trustees, in conform ity with the Charter
o f the Company, subm it the follow in g state
m ent o f its affairs on 31st day o f Decem ber,
1891.
Prem ium s on Marine Risks from
1st January, 1891, to 31st
Decem ber, 1 8 91........................ $3,862,687 97
Prem ’ ms on P olicies not m arked
o ff 1st January, 1891............... 1,394,177 87
STATEMENT UNITED STATES BRANCH, JAN. 1,1892
ASSETS
Real Estate.................................... $ 1 ,5 7 4 ,5 0 0
Loans on Bond and Mortgage ... 3 ,3 1 0 ,6 8 7
U. 8. Gov’t 4, Per Cent Bonds .... 1 ,8 4 6 ,6 8 7
State and City Bonds...................
3 6 9 ,3 5 0
Cash in Banks and Trust Co.’s .... 1 ,0 1 0 ,8 4 6
Premiums due and other admit
ted Assets..................................
8 5 0 ,8 7 5
The Company has the follow in g Assets, viz.:
United States and State o f New
Y ork Stock, City, Bank and
other 8 tock s............................... $7,567,155 00
Loans secured b y Stocks and
oth erw ise.................................... 2,009,100 00
Real Estate and Claims due the
Company, estimated a t............
1,083,400 36
Prem ium Notes and Bills Re
ceivable.......................................
1,425,030 93
Cash in Bank............ ...................
193,895*88
A m ount
.$12,278,582 17
S IX P E R CENT IN TEREST on the outstand
in g certificates o f profits w ill he paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d o f February next.
TH E OUTSTANDING CERTIFICATES o f
the issue o f 1887 w ill he redeem ed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 2d o f F ebru
ary next, from w hich date all interest thereon
w ill cease. The certificates to be produced at
the time o f paym ent and canceled.
A D IVIDEN D OF F O R TY P E R CENT is
declared on the net earned prem ium s o f the
Company fo r the year ending 31st D ecem ber,
1891, fo r w hich certificates will he issued on
and after Tuesday, the 3d o f M ay next.
B y order o f the Board,
J . I I . C H A P M A N , S ec re ta ry .
TRUSTEES:
J. D. Jones,
W. H. H. M oore,
A. A. Raven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
B epjam in H. Field,
James G. D e Forest,
W illiam Degroot,
W illiam H. Webb,
H orace Gray,
William E. Dod^e,
G eorge Bliss,
John L. Riker,
C. A . Hand,
John D. H ew lett,
Charles P. Burdett,
H enry E. H awley,
Charles H. Marshall,
Charles D. Leverich,
E dw ard Floyd Jones,
G eorge H. Macy,
L aw rence Turnure,
W aldron P. B row n,
A n son W. Hard,
Isaac Bell,
N. D enton Smith,
Thom as Maitland,
G eorge L. N ichols,
G ustav Am sinck,
Joseph Agostini,
George W. Campbell,
Vernon H. Brown,
Christian de Thomsen,
Leander N. Lovell.
JOH N D. JONES, President.
W. H. H. MOORE, Vice-President.
A. A. RA V E N , 2d Vice-President.
19
70
18
45
75
74
$ 7 ,8 6 2 ,8 4 7 2 6
Income in United States, 1891...................................................$ 5 ,0 3 1 ,3 8 S 0 1
Expenditure in the United States, 1891................................... 4 ,6 1 9 ,1 3 7 7 8
D IR E C T O R S
IN
NEW
YORK:
C H A R L E S H . M A R S H A L L .................................................... »..................................... C H A I R M A N .
JO H N A . S T E W A R T ,
J . E. PU LSFO RD ,
J . CROSBY BROW N,
EDMUND D . R A N D O L PH ,
H E N R Y W . E A T O N , R e s id e n t M a n a g e r.
G E O R G E W . H O Y T , D ep u ty M a n a g e r.
Losses paid during the same
P eriod....................................$1,836,325 11
Returns o f Prem i
ums and E xpenses.$784,790 57
L IA B IL IT IE S .
Unearned Premiums.........
$ 3 ,5 8 3 ,2 6 1
Unadjusted Losses............
7 5 0 ,0 6 7
Perpetual Policy Liability
3 3 2 ,1 7 9
All other Liabilities..........
3 1 1 ,1 1 8
SU RPLU S, . . .
2 ,8 8 6 ,2 2 0
$ 7 ,8 6 2 ,8 4 7 2 6
Total Marine Prem ium s....... $5,256,865 84
Prem ium s m arked o ff from 1st
January, 1891, to 31st D e
cem ber, 18 91............................. $3,784,723 36
00
50
50
00
52
Office o f the
E D IS O N G E N E R A L E L E C T R I C CO.,
E d ison B u ild in g , B r o a d ait.,
N e w Y ork , Jan. 6,1892.
Notice is hereby given that the annual meeting of
the stockholders of the Edison General Electric
Company will he held at the office of the company,
Edison Building, Broad St., New York, at noon on
Wednesday, Feb. 10,1892, for the purpose o f electing
Directors for the ensuing year, and for the transac
tion o f such other business as may come before the
meeting.
„ ..
„
The transfer books will be closed at 3 o clock P. M.
on Jan. 20,1892, and re-opened Feb. 11,1892.
By order of the Board of Directors,
A. MARCUS, Secretary.
Office of the
EDTSON G E N E R A L E L E C T R IC CO.,
E d ison B u ild in g , B r o a d Sr.
N e w Y ork , Jan. 5,1892.
To the stockholders of the Edison General Electric
Company:
The ninth quarterly dividend o f 2 per cent on all
the stock of this company has been declared by the
Board o f Directors, due and payable on Feb. 1,1892,
at the office of this company, to holders of record
Jan. 20,1892.
„
The transfer books will be closed at 3 o’clock P. M.
on Jan. 20,1892, and reopened on Feb. 11,1892.
By order o f the Board of Directors,
A. MARCUS, Secretary.
r
O U IS V IL L E & N A S H V IL L E R R . CO.
NO. 120 BROADWAY,
New Y ork Cit t , Jan. 7,1892.
The Board o f Directors o f this Company have this
day declared a cssh dividend o f TWO AND ONEHALF PER CENT, payable Feb. 4, 1892, to such
as shall he registered stockholders o f the Company
at 3 P. M., Jan. 22,1892.
The stock transfer hooks of the company will
close at 3 P. M., Jan. 22,1892, and reopen at 10 A ,
M. on Feb. 8,1892.
AUGUST BELMONT, Chairman.
O F F IC E O F T H E
MISSOURI KANSAS & TEXAS
R A I L W A Y C O .,
45 W ALL STREET, NEW YORK.
Coupons due Feb. 1,1892, on the SECOND MORT
GAGE FOUR PER CENT GOLD BONDS of this
Company, will be paid on and after that date on
presentation at the office of the Company, 45 Wall
Street, New York City.
C H A S . G . H E D G E , T rea su rer.
T 'H E C H IC A G O JU N C T IO N R A I L W A Y S
JL & UNION STOCK YAKD3 COMPANY.
N e w Y ork , Jan. *3,1892.
NOTICE IS HEREBY GIVEN that the hooks for
the transfer of the common and preferred stock
of the Chicago Junction Railways & Union Stock
Yards Company will be closed by order o f the Board
o f Directors at the the close o f business on the 30th
day o f January, 1892, and remain closed until after
the special meeting of the Stockholders of the Com
pany, to be held on Tuesday the 1st day of March,
1892. Due notice of the meeting will be sent to the
Stockholders after the closing o f the transfer books.
WILLIAM C. LANE, Secretary.
T A K E S H O R E & M IC H IG A N S O U T H ERN RAILW AY CO.
Tr e asu rer ’ s office , Gr a n d Cen tral Station , )
New Y o r k , December 23,1891. j
The Board of Directors o f this company have de
clared a SEMI-ANNUAL DIVIDEND o f TWO
ANO ONE-HALF (2*4) PER CENT on its Capital
Stock and also an ADDITIONAL DIVIDEND of
ONE (1) PER CENT thereon, both payable at this
office en MONDAY, the 1st day o f February next,
to ih stockholders of record at 3 o’clock P. M. on
Thursday, the 31st Inst, at which time the transfer
hooks will he closed, to be re opened on the morn
ing of Tuesday, the 2d o f February next.
E. D. WORCESTER, Treasurer.
r p iI E L A K E E R I E & W E S T E R N R A I L 1.
ROAD COMPANY
A dividend o f 1 per cent on the preferred stock of
this company has been declared out of the net earn
ings for the quarter ending Dec. 81,1891, payable on
and after Feb. 1,1892, at the company’s office, 80
Broadway. New York, to holders of record Jan. 30,
1892. The transfer books of the Preferred Stock
will be closed at noon on Saturday, Jan. 30, and re
opened at 10 o’clock A. M. on Tuesday, Feb. 16,1892.
L. M. SCHWAN, Secretary and Treasurer.
p R E V T NORTHERN R A IL W A Y CO.
VjT
40 AND 42 W ALL STREET
Jan. 13.1892.
The Directors of this Company have declared the
usual quarterly dividend of ONE AND ONE-QUAR
TER (1*4) PER CENT on the Preferred Capital Stock,
payable at this office on and after February 1 to stock
holders o f record on that date. The transfer hooks
will be closed at 3 o’clock P. M. January 20 and will
be reopened at 10 o’clock A. M. on February 3.
E. T. NICHOLS, Secretary.
T ’ H E M IC H IG A N C E N T R A L R A I L R O A D
L
COMPANY.
T reasurer ’ s Office , g ran d central Station , )
New Y ork , December 23,1891. 5
The Board o f Directors of this Company nave this
day declared a SEMI-ANNUAL DIVIDEND of TWO
PER CENT on Its Capital Stock and also an ADDI
TIONAL dividend of ONE AND ONE-HALF PER
CENT thereon, both payable on Monday, the first
day o f February next at this office. The transfer
books will be closed at 3 P. M. on Thursday, the 31st
inst., and will be reopened on the morning o f Tues
day, the 2d day of February next.
HENRY PRATT, Treasurer.
O F F IC E OF T H E CANADA SO U TH ERN
U
RAILW AY COMPANY.
Gr a n d Cen tral Station ,! )
New Y ork , December 23,189J. )
The Board o f Directors of this Company have this
day declared a SEMI-ANNUAL DIVIDEND of ONE
AND ONE-QUARTER PER CENT and an EXTRA
DIVIDEND o f ONE-HALF PER CENT on its Cap'
ital Stock, payable at this office on the 1st day of
FEBRUARY next.
The Transfer Books will be closed at three o’clock
P. M. on Thursday the 31st day of December, and
will be reopened on the morning of Tuesday, the 2d
day of February.
ALLYN COX, Treasurer.
rrR O W
D IR E C T O R Y *. P R I N T I N G A N D
BOOKBINDING COMPANY.
Office, 206 East 12th St., New York, Jan. 21,1892.
DIVIDEND NO. 2.
A dividend of two per cent on the preferred stock
of this company for the quarter ending Jan. 15,1892,
has been declared and will be paid on and after Feb.
15. The transfer books will close Jan. 30 at noon
and reopen Feb. 16 at 10 A. M.
Dividend checks will be mailed to stockholders.
W. H. BATES, Secretary.
X
T> IC H M O N D & W E S T P ”IN T T E R XV MINAL RAILWAY & WAREHOUSE CO.
6 PER CENT TRUST BONDS.
Coupons maturing Feb. 1,1892, will be paid at the
Fourth National Bank, New York.
A. J. RAUH, Treasurer.
T> VNK O F T H E M A N H A T T A N C O .
-D
New Y ork , Jan. 28,1892.
The President and Directors of the Manhattan
Company have this day declared a semi-annual divi
dend Of THREE AND ONE-HALF PER CENT (3*4
per cent) out of the earnings of the last six months,
payable on and after Wednesday, February 10th, to
stockholders of record on February 1.
Transfer books to remain closed to the morning o f
February 10,1892.
J. T. BALDWIN, Cashier.
T 70R R E N T -P IE R 4 9 , E A ST R IV E R ,
X near foot of Clinton Street: immediate possession.
For terms, &c.. apply to TURNER, MCCLURE &
ROLSTON, 22 William Street.
THE CHRONICLE.
Yi)ì
ffitxatxjciaX.
fJitmtixiaX.
TH E
H A M ILTO N
TRUST
CO M PAN Y,
191 M ontague Street, B ro o k ly n ,
First Mortgage 5 Per Cent
CO LD
[V o l. l i v .
WILL RECEIVE SUBSCRIPTIONS AT PAR FOR $ 3 0 0 ,0 0 0 COMMON STOCK OF
“JOURNEAY & BURNHAM,”
BONDS
E S T A B L IS H E D
OF T H E
Chesapeake & Ohio R ail
1844.
IN C O R P O R A T E D
1891.
Par Value of Shares, $100 Each, Full Paid and Non-Assessable.
S T O C K H O L D E R S H A V E NO P E R S O N A L L I A B I L I T Y .
C A P IT A L, $1,000,000.
w ay Com pany.
DIVIDED INTO
S T O C K , $ 5 0 0 ,0 0 0 .
COM M O N S T O C K , $ 5 0 0 ,0 0 0 .
T h e C om p an y lias no b on d s an d is w ith o u t debt o f a n y k in d .
The net earnings of the company are divided between the Preferred and Common Stock, upon the basis
o f 8 PER CENT to the former and 1 2 PER CENT to the latter, and all further profits are divided
equally.
*
OFFICERS OF THE COMPANY.
L Y M A N S. B U R N H A M , P re s id e n t.
H U G H B O Y D , V ic e -P r e s id e n t and T re a su re r*
4
.(Surviving-memhers of the late firm of Messrs. Journeay & Burnham.)
•JO & N M . C O N K L IN , S e c r e t a r y an d M a n a g e r.
DIRECTORS.
LYMAN S. BURNHAM,
JESSE C. WOODHJTLL,
F. A. PARSONS,
HUGH BOYD,
WILLIAM A. HALL,
M. W. BARSE,
JAMES THOMPSON,
ETHAN ALLAN DOTY,
JOHN M. CONKLIN
R e g is t r a r ot S to c k ,
F R A N K L IN T R U S T CO M PAN Y .
D e p o s ito r ie s .
F R A N K L IN T R U ST COM PANY.
N A T IO N A L C I T Y B A N K ,
The firm o f Messrs. JOURNEAY & BURNHAM, conveniently-located premises on Atlantic Avenue
o f Brooklyn, Importers and Dealers in Dry Goods, to Its new and commodious building now nearly com
was established in January, 1844, by Mr. Henry P. pleted at the junction o f Fulton Street and Flatbush
Journeay and Mr. Lyman S. Burnham. In the fol Avenue. This site was selected after due considera"
lowing year Mr. Hugh Boyd became a partner, and tion, and it is believed to be the most advantageous
the firm remained unchanged until the death of Mr. location in the City o f Brooklyn for a dry goods
Journeay a year ago necessitated a reorganization, business. It is reached by seven different lines o f
and Its conversion into a corporation was accom street cars, is opposite the station of both elevated
railroads and within two blocks of the Long Island
plished.
The reputation of the firm for honorable dealing Railroad station, whereas the present location is
and for the high class of goods which it handles has reached by hut two lines o f street cars. The re
always been recognized, and its credit and that of moval is in response to a popular demand, and uni
the company succeeding it is the highest accorded versal assurances of approval have been received of
by the Commercial Agencies of the country. It has the contemplated change.
The company is managed, under the control of its
over 50,000 patrons, not only in Brooklyn, but
throughout the New England States, New York, Board of Directors, by the surviving members of the
New Jersey, Pennsylvania and Maryland, and ex late firm, aided by its well-known, reliable and ex
tending as far South as Texas and as far West as perienced staff of employes. Messrs. Lyman S.
Burnham and Hugh Boyd, and Mr. John M. Conklin,
Iowa.
Its career has been one of continued prosperity, for many years associated with the late firm, have
the ta le s f o r u p w a r d o f fo r ty y ea rs p a st h a v entered into an agreement with the company to
in g a m o u n ted to o v e r $ 1 ,2 5 0 ,0 0 0 p er a n remain in its service until July 1,1890, and for such
num . For the three months ending Dac. 31,1891— longer period as their services may be required.
The stock now offered Is the balance of that issued
the first complete quarter of the corporation—its
gross business amounted to $ 3 8 6 ,9 6 5 1 7 , being by the company to acquire the Interest of the de
$ 7 1 ,9 4 3 4 8 greater than the business of the firm ceased partner. The eight per cent stock which was
during the same period in the preceding year. The offered in Jnly last was largely oversubscribed, and
net profits for the quarter were $ 3 7 ,7 7 7 1 8 , being was allotted pro rata among nearly six hundred ap
at the annual rate of 8 p e r cent upon th e P r e plicants. It is now quoted 106 ex-dividend bid, with
fe r r e d S to c k , 1 2 p er cen t upon th e C om m on no stock offered.
C O N D IT IO N S O F S U B S C R IP T IO N .
S to c k , and a surplus equal to 5 11-100 percent upon
Ten per cent upon application, balance within ten
both, making in all 1 3 1 1 -1 0 0 pi r cent u p on the
P r e fe r r e d S to c k a n d 1 7 1 1 -1 0 0 p e r cent days after allotment. The right is reserved, should
u p on th e C om m on S to c k . It is, however, ex the applications exceed the amount offered, to allot a
pected that the business will show a much greater less amount than that subscribed for. Preference In
increase after March 1st, upon which date the com allotment will be given so far as is practicable to the
pany will remove from its present limited and In- customers of the house.
PREFERRED
CRAIG YALLET DIYISION.
P R I N C I P A L P A Y A B L E J U L Y 1, 1 9 4 0 .
C ou p on s P a y a b le J a n u a r y 1 st an d J n ly 1st.,
In N ew Y o r k C ity .
THE CENTRAL TRUST CO. OP NEW YORK,
TRUSTEE.
P r in c ip a l an d In terest p a y a b le ^in U nited
S ta te s G old C oin, o f p re se n t sta n d a r d of
w e ig h t an d fineness.
COUPON B O N D S OF $ 1 ,0 0 0 E A C H ,
W ith p r iv ile g e o f R e g is tr a t io n .
ISSUE $650,000.
L is te d on ib e N ew Y o r k S to c k E x ch a n g e .
An absolute first mortgage on the Craig Valley
Division o f the Chesapeake & Ohio Railway Com
pany at the rate of $25,000 per mile.
These bonds are a prior lien to the new 1% per cent
bonds about to be issued, o f which an equal amount
will be reserved to retire this issue at maturity.
Copies of the bond and mortgage may be examined
at my office.
PRTCE, 9 8 ^ AND A C C R U E D IN T E R E S T .
H enry S. Redmond,
M e m b e r N e w Y o r k Sto ck E x c h a n g e ,
D e a le r in
IN V E S T M E N T
B O N D S,
48 W A L L STREET NEW Y O R K .
Prospectus and form of application can be obtained from the undersigned’
and applications may be made to them direct or through local hanks.
CH ASE NATIONAL BANK, 15 Nassau St., New York.
$ 125,000
OR
HAMILTON T R U ST COMPANY, 191 Montague St., Brooklyn.
C ity o f Columbus, Ohio,
GAS S T O C K S
6 Per Cent
AND BONDS
Street Improvement Bonds.
$ 5 2 ,0 0 0 A v e r a g e M a t u r it y 1 0 Y e a r s .
on Dividend-paying Gas Companies in various prin
cipal cities of the United States bought and sold
Investments of this class net from
TO 6 PER
CENT AND OYER. Correspondence invited.
P R IC E AND F U R T H E R P A R T IC U L A R S
ON A P P L I C A T I O N .
W elling & Mai com,
$ 7 3 .0 0 0
A v e r a g e M a t u r it y 5 32 Y e a r ? .
Terre Haute & Indianapolis Consol. 5s.
United Elect’c St.R’y (Nashy’le) B’nds.
Newark Pass. R’y bonds and Stock.
Honsatonic RK. Preferred Stock.
Danbury & Norwalk R. R. Stock.
Boston & N. Y. Air Line P refd Stock.
DEALT IN BY
SAMUEL H. BARROWS, 34 New St .
F IX E A R T S.
KOHN’ S AR T ROOMS.
5 1 E x ch a n g e P la ce , N ew Y o r k .
Coffin & Stanton,
E sta b lish e d in 1 8 7 5 .
(Adjoining Mills Building.)
72 B ro a d w a y , Y e w Y o rk .
Metropolitan Traction
Stock,
Charles T . W ing & Co.,
L. Crist Delmonico,
BONDS,
SUCCESSOR.
Controlling the
BROADW AY
CABLE
ROAD
and the principal cross-town horse car lines,
B O U G H T AND SO LD B Y
Dick Brothers & Lawrence,
3 0 B r o a d S tr e e t, N e w Y o r k .
18
W ALL
ST R E E T , NEW
F ra n k E . W in g ,
YORK.
H e n ry A . G la s s fo r d .
E d w a r d N . G ib b s, S p e c ia l.
Modern Paintings.
1 6 6 F I F T H IiA V E N IJ E , N E W Y O R K ,
Between 21st and 22d Streets.
U fw s s p itp Y * ,
REPRESENTING THE IN D U S T R IA L A N D COMM ERCIAL IN TERESTS OP THE UNITED STATES,
lE ntered according to A c t o f Congress, In the year 1892, b y W m . B. D an a & C o., in the office o f the Librarian o f Congress, W ashington, D. O.]
NO. 1,388.
SATURDAY, JANUARY 30, 1892.
VOL. 5*.
% lxt © to m x M e *
Terms of Subscription—Payable in Advance:
F or One Y e a r ............................. ...............................................$10 00
F or Six M o n th s..........................................................................
6 00
European Subscription (including p osta g e)....................... 11 50
European Subscription Six Months (including p o sta g e ).
6 75
Annual Subscription in London (including postage) —
£ 2 8s.
Six Mos.
do.
do.
do.
----- £ 1 9s.
York Exchanges shows a decline from the weekending Janu
ary 16. Compared with the same week of 1890 the current
total records an excess of 19 '4 per cent, in which all sections
but the Southern share. The gain at New York reaches 27'1
per cent, and other notable percentages of increase have been:
at Grand Rapids, 59 4 ; Lincoln, 49'3; Des Moines, 35'4;
Springfield, 34"5 ; St. Joseph, 32’2 ; Omaha, 29'5, and Detroit,
27'4. For the corresponding week in 1890 the exchanges were
$1,116,277,392, and in 1889 they reached $1,024,503,563.
Week Ending January 23.
Week End'g Jan. 10.
1891.
P. Cent
1892.
1892.
P. Cent.
The I nvestors’ Supplement o f 160 pages is issued every other
m onth, on the last Saturdays o f Jan., March, M ay, Ju ly, Sept, and
$
$
$
N ov., and fu rn ish ed w ith ou t e x tra charge to all subscribers o f the New Y ork ........................ 790,342,154 621,779,419 +37-3 859,461,982 +127
Sales of—
Chronicle .
(894.539) (+154-9
(Stocks............. shares.) (2.280.367)
(2,339,329) (+S1-5)
The State and City Supplement (published two or more times a
(506.400) (+40-8
(910.800) (+901)
ICotton.. . . . ........bales.)
(713,300)
(Grain............ bushels.) (33.610,900) (16.588.525) (+102-6 (35,899,450) (+731)
year) is also given to every annual subscriber of the Chronicle .
(Petroleum.......... bbls.)
(400,000) (-32-9)
(232,000) (1,376,000) (—83-1)
A file co v e r is furnished at 50 cen ts; postage o n the same is 18
eents. Volum es bound fo r subscribers at $1 00.
88,317,316
+6-4 105,033,986
93,969,274
+1-6
B oston.............
5.450.600
6,304.900
5,860.100
+7'5
—2-7
P roviden ce....
1,899,062 +10-3
2,094.949
2,878,019 +10-9
Terms of Advertising:—(Per inch space).
H artford.........
1.435.000 +15-3
1,535.401
1,654.693
+ 3-6
New H a v e n ...
One tim e .................................. $ 3 50 Three Months ( 13 tim es).. $25 00 Springfield....
1.193.509 +34-5
1,338.050
1,605,821
-5-8
(26 f
) . . 43 00 W orcester.......
1,189,623
One M onth
(¿ t im e s ).. 11 00 S ix Months
+9-3
1.191,576
1,300,638
—37
1.133.812
1.104.229
-2-6
1,294,233
+5-7
T w o M onths
(8 “
) . 18 00 T w elve M onths (52 “ ).- 58 00 Portland...... if
877,833
868.167
746.512 -10-8
—11
L ow ell.............
L on d on A g e n ts:
532,477
502,867
—5-6
550,787 —16-1
New Bedford,.
Messrs. E dwards & Smith , 1 D rapers’ Gardens, E. C., will take sub
+6-8 120,873,864
108,960,738 102,029,232
+1-3
T otal New England.
scriptions and advertisem ents, and supply single copies o f the paper at
Is . each.
71,079,592
66.917.973
70.308,797
+ 51
—8-7
Philadelphia.
( W I L L I A M B . D A N A & C o ., P u b lis h e r s , Pittsburg.......
13.902.312 +16 6
14.852,331 +15-5
16,212.353
WILLIAM. B. DANA. 1
i An i v t i u . m
t
13,719,175 +21.2
17,661,818 +14-2
1 0 2 W i l l i a m S tr e e t, »NvEnWr v
Y aOoRi K
.
16,633,499
B altim ore....
JOHN G. FLOYD.
7.479,743 +11-2
8.333.835
8,316,066
+8-6
P ost Office B ox 958.
Buffalo...........
1,577,235
1.912.929
1.733,674
+9-9
—5-4
W ashington..
1.327,203
1,343,326
+ 1-2
1.447,488
4 7-2
R och ester....
857.068 +16-8
1.010.332 +20-8
1,001,410
Syracuse.......
923,782
930,319
875.423
+0-7
-0-4
On page 199 will be found the detailed returns, by States, of W ilm ington..
247,000 +11-2
274,700
278,900
44-5
Binghamton..
all the national banks, under the Comptroller’s call of Decem
106,951,491
116,754,143
+9-2 117,452,648
+2-7
T otal Middle.
ber 2, 1891, kindly furnished us by the Comptroller of the
Currency. Previous returns were published—those for Sep
tember 95 in the Chronicle of November 14, 1891, page 708 ;
¿hose for July 9 in the issue of September 12, 1891, on page
364.
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, January 30, have
been $1,208,487,717, against $1,260,192,334 last week and
$991,146,616 the corresponding week last year.
Clea rin g s .
Return» by Telegraph.
New Y ork......................
Boston............................
Philadelphia...............
Baltimore................. ......
Week Ending January 30.
1892.
1891.
J3t. L o u is...................... .
New Orleans........ . . . . .
$617,900,160
72,495,819
54,608,713
14,062,967
69,801,500
17,709,119
10,717,393
$186,139,383
69,049,198
49,654,835
11,636,365
60,778,000
16,264,464
12,858,993
Seven cities, 5 days.
Other cities, 5 days.......
$857,295,671
146,089,734
$706,331,228
124,106,293
Chicago.................. ..........
88,835,719
15.078.850
6.983.766
6.446.629
5.737.911
3.002.000
2,284,908
1,755,591
1,124,534
440,000
76.131,693
12.790,650
6.141,465
6,060,00»
5,452,590
2.919,500
1.833,026
1.906,838
705,678
443,638
+16-7
+17-9
+13-7
+27*4
+5-2
+2-8
+246
—7-9
+594
-0 8
96.615.697
15.352.050
7,122,070
6.712,115
5.463.085
3.176,900
2,272.496
2.199.425
1.140.106
550,718
+21*3
+8-2
+16-5
+25-6
+ 2-5
-0-9
+6-6
+11-9
-5-4
+2-4
131,689,908
113,385,087
+161
140,607,662
+17-5
San Francisco..
Portland...........
Salt Lake City.
T acom a.............
Seattle..............
L os A n g e le s....
14.299,618
1.962.766
1,652,900
1.064,908
901,112
844,488
13.679,907
1,938,821
1.940,788
946,150
1,051,771
698,552
+4-5
+1*|
-1 4 8
+12-6
-14-3
+209
17.458,253
2,065,344
1.965,000
1.115,318
832,615
710,544
+ 21
-t i’}
—2-4
+34-7
—18-7
+6-8
T otal Pacific.
20,725,792
20,255,989
+2-3
24,147,104
+2-2
8.997.320
6,480,216
4,870,513
4.944,987
4.898,872
1.971,153
2.058,346
1,143,758
874.541
508,673
637,768
405,892
7.531,854
5.445.529
3.900.338
3,819,926
4.047.874
1,791,0S7
1.557.315
1.117.695
645.770
585,110
427.296
389,984
+19-5
+19-0
+24-9
+295
+21-0
+10-1
+32-2
+2-3
+35-4
-1 3 1
+49-3
+41
10,835,551
7.537,971 +31-5
4.642.533 +10-8
5.972,488 +43-3
4.857.704 +22-9
—0*1
1.749,476
1.730,880 —14-0
1,121,030 +12.4
930,402' +42-7
540,8601
-7-6
738350 467-3
387,047; +10-4
37,792,037
31,259,778
+20-9
41,025,692
422-3
22,275,765
11,698,370
7.202.597
2.079,096
1.845,683
1,849,948
2.630,888
1.025,000
656.031
890,388
421,000
552,795
800,000
1,791,509
1,331,265
21,447,982
16,168,076
6.963,557
2.942,714
2.000.412
2,071,632
3.608,131
1.093.744
906.407
1.02*,71S
534.00C
652,677
691,176
+3-9
—27’«
+3-4
—29-3
—7-7
—10-7
—27-1
—6C
-27-£
-13-1
-21-2
-1 5 Í
+15-7
23.296,116
12.755,370
7.765,770
2.685,727
2.062.805
2.008,741
2.531,191
1.100,000
600.00C
1.003.500
500,000
528,856
1,000,000
1,977,856
1,431,941
-2-0
-24-6
-3 '2
-8 '6
418-0
—12-7
-23-8
—261
—44"8
—16*1
—8*1
—19-2
+50"9
53,927,562
60,105,221
—10-3
57,838,079
-10-6
+19-4 1,361,407,031
+8r3 501,945,049
12,112,324
+13-7
1,195,443
-18-3
6,519,973
733,785
+10-0
45-6
Chicago.............
Cincinnati........ j
Milwaukee........
D etroit...............
Cleveland.........
Columbus..........
Indianapolis....
P eoria...............
Grand R apids..
L exin gton.........
T otal Middle W estem
City.
Per Cent. Kansas
Minneapolis.
St.
P
aul........
+27*1 Omaha..........
-f-5'0 D enver..........
uluth.........
+ io -o D
St. Josep h ...
+20-8 Sioux C ity...
+14-8 Des Moines..
W ichita........
+8-9 L incoln........
—16*7 T op ek a .........
+21-4
+17-7
T otal Other W estern.
St. L ou is......
New Orleans.
+20-8 L ouisville......
Total all cities, 5 days......
$1,003,385,405
$830,487,521
4 2 7 ’7 G a lveston ....
A ll cities, 1 day................. ......
205,102,312
160,659,095
H ouston........
Total all cities for w eek... $1.208,487,717
421-9 Nashville......
$991,146,616
M em phis.......
The full details of clearings for the week covered by the FDallas.............
ort W orth ..
-above statement will be given next Saturday. W e cannot, of N orfolk..........
course, furnish them to-day, bank clearings being made up by Chattanooga.
Birmingham..
the various clearing houses at noon on Saturday, and hence in W aco..............
the above the last twenty-four hours of the week have to be Savannah*...
Atlanta*........
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, that is
oovering the returns for the period ending with Saturday
moon January 23, with the comparative totals in 1891.
The totals for all the clearing houses record a decrease from
the preceding week of one hundred and one millions of
.dollars, and of this falling off 69 millions is at New York.The volume of speculative transactions on the various New
T otal Southern...
T otal all..........
Outside New York.
1,260.192,334 1,055,766,217
469,850,180 433,986,798
• 9,647,848
Montreal*..
1,066.592
H alifax*....
5,588,719
Toronto*...
778,930
H am ilton*.
* N ot iasMaded in totals.
8.484.059
1,306,316
+281
—0*1
178
THE CHRONICLE.
[V O L. L I Y ,
In that week there was a shipment of $1>791,377 to Ber
lin. For the six months ending with June 30, 1891,
the total net exports were......................... $67,154 140
See pages 215, 216, 217 and 218 for our State and In July 1891 the gross exports of gold
City Department to-day.
were................................... .......................... 6,662,674
THE
STATE
CITY ©EfABTMEWT,
All advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.
Making the export total in the 7 months.. .$73,816,814
Next week we shall give in our State and City Department
The import, as already stated, began in the closingthe full detailed statements which appear in our Supplement
week of July. For that month (July) the
of the bonded debts of New York, Brooklyn and Albany,
gross imports were..................................... $1,029,14S
revised to January 11892. These compilations will be highly
useful, as there are numerous changes, and the full facts will In August the net imports were $1,222,587,
not be published by the cities named for several months.
in September they were $7,106,138, in
THE F IN A N C IA L SITU A TIO N
On January 9th we remarked in this column that our
gold imports for the current season substantially came
sto an end with the close of the old year. We drew that
inference from the state of the exchanges, and subsequent
events have established the correctness of the opinion.
We further stated at that time that the arrest of the
bullion movement to America had occurred in face of
an unusually large trade balance which had accumu
lated in our favor. We could not tell then, of course,
what the December trade movement was, but the
Bureau of Statistics has issued the figures this week and
they are the most remarkable of this remarkable series.
It seems that the exports of merchandise aggregated
$119,932,000. When the October statement was pub
lished showing $102,877,000 merchandise exports, we
remarked that it was the largest total ever recorded.
Since then the monthly total ha* been rising and now
the December figures are over 17 million dollars larger
than the figures for October. But the more important
feature is that the merchandise balance in December
reached $50,487,000 and that the total merchandise
balance in favor of the United States since the first of
July, that is for the last six months of 1891, reaches
within a trifle of 155-J million dollars. During the
same six months our net imports of gold have been
$33,035,938 and our net exports of silver have been
$5,674,816. Deducting the silver exports from the
gold imports would leave $27,361,122 and deducting
the last amount from our favorable merchandise bal
ance ($155,455,207) we still have for the six months a
balance of $128,094,085 owing the United States on its
foreign trade. Putting this last fact in connection with
the first statement made above with reference to the
arrest of gold imports and what are the inferences sug
gested ? Perhaps some Congressman can tell us how
this balance has been so far liquidated that sterling
exchange should now be getting uncomfortably near the
gold-exporting point.
The actual facts with reference to the ebb and flow
of gold in 1891 are also at hand. When we made up
a statement three weeks ago we had to estimate Decem
ber. As the official exhibit for that month is now
issued, it is worth while to make a record of the
exact proportions of these counter currents, for in
this particular the year has been unique.
In the
official trade statement, which is by months, the ex
treme limit of the volume of each movement is lost
because the tide turned the last week of July when
important imports as well as moderate exports oc
curred. Consequently we have to divide that month's
statement, giving separately the gross imports and the
gross exports instead of the net of the two, as is done
for the other months. The export started in a very
small way in January, though not until the second
week of February did the outflow assume importance.
October $16,088,352, in November $8,489,768, in December $5,762,619, making
net for those five months............................$38,669,464
Total imports since July 1 1891..........$39,698,612
The foregoing shows as the result of these two op
posing currents a net loss to the United States in 1891
of $34,118,202. As, however, we produced in the same
twelve months about $33,000,000 of gold and consumed
in manufacture about $13,000,000, there would be left
somewhere about $20,000,000 of the production to add
to stock.
Deducting, therefore, the $20,000,000
from the year's net export, we have the net loss for theyear only $14,118,202.
Money has continued to flow into our banks,,
though this week in less volume than last week. Our
Clearing House institutions are finding it difficult to
use their accumulating funds profitably. Deposits a
week ago were reported at $497,472,400. The largest
previous aggregate recorded since the resumption o f
specie payments was on July 6 1889 when the total
deposits were $445,797,500. The loans last Saturday
were only $447,202,600, which shows over 50 million
dollars of idle money, on all of which the banks are
probably paying interest, as there are only about three
or four banks now that pay no interest on deposits. But
though these institutions are so full of funds they are
(considering the plethora) more than usually cautious
in putting out time money; that is to say though they
have such an abundance and are anxious lenders, they
require good Stock Exchange collateral. The surplus
reserve reported a week ago was $33,002,900. It has
been larger than that three times since 1879; on Dec. 6
1884 it was $42,297,450, on July 30 1885 it was
$64,724,100 and on Jan. 30 1886 it was $36,156,425.
With those exceptions the surplus reported has never
since Jan. 1 1879 reached kas high a figure as now, and
the dates given above, when it was larger, cover a period
of special depression in business with very different in
dustrial conditions from those now existing. With
such surroundings as prevail to-day, why is it that en
terprise does not wake up ?
Money on call, representing bankers' balances, has
loaned this week at
per cent and at 1 per cent, aver aging 2 per cent; renewals have been made at 2 and 24
per cent, and banks and trust companies quote 2 per
cent as the minimum, while some obtain 3£ per cent.
Contracts on time are freely offered, but, as already
stated, lenders will not accept a certain class of securi
ties, including the industrial stocks, but require good
Stock Exchange collateral.
The demand is light,
principally for the reason that call money is so very
plentiful, and, to all appearances, likely to continue in
abundant supply for months; under these circumstances
there is little disposition to make time contracts, even
at the low rates now ruling. Quotations are 2 per cent
for thirty days, 2£ to 3 per cent for sixty to ninety days,,
and 3£ to 4 per cent for four to six months. There is an.
J a n u a r y 30. i " ' 2 ]
THE CHRONICLE.
179
The cotton movement in the South has latterly been
excellent demand for commercial paper,and although the
business is very large, there is no accumulation of falling off, and we also know that the low price of the sta
names, and the best are readily sold.
Rates are 3^ to ple is operating unfavorably to Southern interests. Hence
3 f per cent for sixty to ninety day endorsed bills receiv if the decrease in earnings here noted (there are a few
able, 4 to 4£ per cent for four months* commission roads of course which form exceptions to the rule) were
house names and 5 to 5-£ per cent for good single names confined to the Southern section, it might be regarded
as possessing great significance. As a matter of fact,
having from four to six months to run.
losses
are shown by many roads in other parts of the
The cable reports a plethora of money in London
country.
There is the Cleveland Cincinnati Chicago &
also, though discount rates have hardened a little
St.
Louis
in
the Middle Western States which reports
towards the close of the week, due no doubt to the
a
decrease
of
$22,126, the Ohio & Mississippi which
large shipments of gold from London to Russia and
reports
a
decrease
of $5,574, and the.Louisville Evans
Paris. Speculation is reported to continue stagnant
notwithstanding the joint stock banks, all of which ville & St. Louis which reports a decrease of $11,983,
pay interest on deposits, find it difficult to lend their besides various other roads which have decreases of
In the Southwest the Mis
balances at any rate. The cable reports sixty to ninety- only small amounts.
day bank bills in London I f to 2 per cent.
The open souri Kansas & Texa3 falls $11,183 behind, and.
market rate at Paris is 2 f, at Berlin it is I f and at the St. Louis Southwestern $7,300 behind. And so
Frankfort I f per cent. The Bank of England lost we might go through the list. In fact, notwithstand
£335,000 bullion net during the week. This, as we are ing heavy improvement by the St. Paul and some other
advised by special cable to us, was due to the export of roads, our summary statement on another page shows
£823,000 (£600,000 to Russia and £223,000 to France) a slight decrease in the aggregate, 28 of the 53 roads
and to the receipt of £488,000 from the interior of Great which have contributed returns to the statement report
Britain. The Bank of France shows an increase of ing diminished earnings.
This suggests some general cause or causes affecting
£430,000 gold and the Bank of Germany, since the last
all
the roads, and not merely those of the South. We
report, has gained about £887,000 of this metal.
think
such a cause is found in the bad or severe weather
The foreign exchange market continues generally
which
has been reported from many parts of the
firm with intervals of ease, due to a relaxation in the
demand ; prices of long sterling are regarded now as country, interfering with the hauling of freight to the
too high to justify large purchases for investment to railroad stations, and also in some instances with the
make interest. There is little to add to the reasons regular operations of the roads. Besides this some of the
given last week for the firmness in the market.
Con returns are made up on the basis of one less working
sidering that the trade balance for December was so ex day in 1892 than in the corresponding week of 1891.
ceptionally large, there must have been unusually liberal There is an extra Sunday in the month this year, and
selling of American securities by Europe since the in not a few instances this additional Sunday appears
first of December, and even now there is no disposi to count in the returns for the third week. Just how
tion manifested to re-buy them, and therefore few many roads have lost in that way we cannot say;
bankers’ bills are being made and scarcely any against the method of dividing the weeks in making the
In the Ohio & Mississippi statement
outgoing securities. Compared with last Friday, the returns varies.
the
loss
of
a
working
day is specifically mentioned,
market opened unchanged at 4 84f for long and 4 86f
and
on
inquiry
we
learn
that the Norfolk & Western
for short.
Soon after the opening on Monday Brown
exhibit
has
been
affected
in the same way. There
Bros., the Bank of British North America and the
Bank of Montreal advanced to 4 85 for sixty-day and to are also local and special reasons to explain the decrease
4 87 for sight, and on the following day Baring, Magoun in earnings iu some cases, as for iustance on the Louis
& Co. moved up to the same figures and thereafter rates ville Evansville & Sd. Louis, which has been losing
remained unaltered. The market closed steady yester heavily for several weeks because of the caving in of
day at 4 85 for sixty-day and 4 87 for sight. Rates for the Patton tunnel, the disaster operating to the benefit
actual business were 4 84 to 4 84^ for long ; 4 85f to of the Louisville St. Louis & Texas, which has been
4 86£ for short; 4 86^ to 4 86-J for cable transfers; 4 83 getting some of the road’s through traffic. On the
to 4 83^ for prime and 4 82£ to 4 82f for documentary whole there have been enough special and exceptional
circumstances to suggest caution in making deductions
commercial bills.
from
the unfavorable results noted. It will be neces
The fact that two important sections of the country
sary
to
await the returns for following weeks before
are suffering from business depression at the present
we
shall
be warranted in arriving at any definite con
time lends especial interest to the returns of earnings
clusions
in
the matter.
for the current weeks of January by the roads in those
If
there
were any trouble in discovering the roads
sections. We have the returns for the third week of
which
at
the
moment are experiencing the most pros
the month for a good many roads, and they make
rather unfavorable exhibits as a rule. The Northern perity, the statements of net earnings received this
Pacific, as is known, has been doing poorly for week for the month of December would help us out
some time; for the third week the loss is somewhat less of the difficulty. There have been several such state
than in the weeks preceding, but amounts to $67,532. ments, some encouraging in the highest degree.
In the South there is quite a number of large losses, The Chicago Milwaukee & St. Paul especially deserves
and the general character of the returns for the week mention. It reports a gain in net earnings for the
in question is decidedly unfavorable. Thus the Louis month in the large sum of $416,894, the gain in gross
ville & Nashville reports a loss for that week of $43,490; receipts having been $638,770. For the first half of
the East Tennessee reports a loss of $38,193; the Nor its fiscal year, that is for the period from July 1 to
folk & Western a loss of $21,404; the Texas & Pacific December 31, this company reports an increase of
a loss of $21,143; the Louisville New Orleans & Texas $2,356,614 in gross receipts, and an increase of $1,429,a loss of $20,927; and the Memphis & Charleston a loss 000 in net earnings, the latter an improvement of about
25 per cent. The Iowa Central is a small road in the
of $11,135.
180
THE CHRONICLE.
«ame section of the country, and reports for December
gross of $183,711 against $155,002, and net of
$66,5.89 against $43,872. The Canadian Pacific gains
$3Q6,568 in net for the month, and no less than
$1,559,194 for the twelve months.
Only less favorable than the St. Paul return and that
■of the Canadian Pacific is the return of the Philadel
phia & Reading. The Railroad has increased its
gross receipts for the month $195,411 and at the same
time reduced expenses $12,624, so that net earnings
were added to in amount of $208,035.
The Coal &
Iron Company reports net of $72,324, against only
$9,868 in December 1890.
On the two companies
combined, therefore, the improvement is $270,491.
That the other anthracite companies have not all done
•equally well is evident from the return of the Cen
tral of New Jersey for the same month.
That road
shows but slight changes—a decrease of $21,488 in
grq£js earnings and an increase of $5,700 in net. For
the calendar year, however, the road gained $538,041
in gross receipts, and $184,791 in net. The Delaware
Lackawanna & Western yesterday issued its annual
■statement for the calendar year and it shows that while
gross receipts from all sources increased from $40,688,645 to $41,849,754, net earnings fell off a little, being
$7,833,680, against $7,948,767.
After deducting
•charges for interest, rentals, etc., a profit of $2,415,463
remained, equal to 9'21 per cent on the company’s
•stock, against $2,620,273, equal to 10 percent,in 1890.
In 1889 the amount earned for the stock was only 8*20
par cent, but in 1888 it was 13*35 per cent and in 1887
11*97 per cent. Dividends have been 7 per cent per
year.
The Pennsylvania Railroad statement for December
is favorable in showing a large gain in gross earnings
and unfavorable in showing a loss in net earnings.
The increase in gross on the lines east of Pittsburg
reaches almost half a million dollars— in exact figures,
$491,510— but expenses increased over half a million
<$524,912), causing a falling $ff in net of $33,402. On
the Western lines expenses increased $262,687, while
gross earnings decreased $193,087, leading to a loss
in net in the sum of $455,774. December being
the closing month of the year, when accounts are usu
ally adjusted, the increase in expenses is perhaps not
surprising, especially on the Western lines, where there
had been heavy reductions in the early months. For the
year these Western lines show a decrease in expenses
of 1£ million dollars; the loss in gross earnings
was only about a million doll ars, so net earnings
actually increased $333,491.
On the lines east of
Pittsburg gross for the twelve months increased $1,224,581 and net $257,691. On the whole system therefore
there has been an improvement in net for the year of
$591,182. The following furnishes a comparison of the
results on the Eastern lines for a series of years.
B in e s e a s t of
P it t s b u r g .
^1891.
1890.
1889.
1888.
1887.
1886.
December.
8
$
8
8
8
$
Gross earnings...... 5,796,829 5,305,319 5,495,264 4,808,082 4,899s954
4,428,216
Operat’g expenses. 4,234,120 3,709,208 3,831,026 3,612,236 3,511,059 3,030,034
Net earnings... 1,562,709 1,596,111 1,664,238 1,195,846 1,381,895 1,398,182
. Jan. 1 to Dec. 81.
Gross earnings...... 67,426,811 66,202,260 61,514,445 58,172,078 55,671,313 50,879,068
Operat’g expenses. 45,947,445 44,980,555 41,096,805 39,331,153|37,086,585 32,619,586
Net earnings... 21,479,396 21,221,705 20,417,640 18,840,925)18,584,728 17,759,482
The Erie for December makes a very good exhibit
gross recording a gain of $263,927 and net a gain of
$94,568. For the three months of the fiscal year to
December 31 gross has increased $594,934 and net
[V o i. LIY.
$144,563. The New York Susquehanna & Western for
December has gained $4,982 in gross and $566 in net.
The Chesapeake & Ohio has net of $200,476 against
$155,656, the Cleveland Cincinnati Chicago & St.
Louis net of $379,696 against $318,601, and the Kansas
City Fort Scott & Memphis $149,664 against $124,844.
The stock market this week, though variable at
times, has on the whole been strong and higher. The
knowledge that the Chilian difficulty would be peace
ably adjusted served to revive speculative feeling.
Manhattan Elevated and the Could stocks have been
prominent in the rise, and the former especially ad
vanced sharply, going up several points, on a decision
favorable to the company by the Court of Appeals in
the matter of the payment of damages to property
owners. Delaware Lackawanna & Western was moved
up rapidly early in the week, and a variety of reasons
has been assigned in explanation. The sales’ agents of
the anthracite companies had a meeting on Thursday,
at which it was agreed to advance prices, but it does
not appear that any agreement has been reached
regarding the allotment of tonnage. The Vanderbilt
properties and the grangers have been strong
with the rest of the market.
Southern stocks
have shown a sagging tendency most of the week,
though Louisville & Nashville has displayed consider
able rallying power. The Villard stocks have evinced
much the same features. Yesterday Denver & Rio
common and preferred showed considerable animation
on rising prices. The bond market has been active
throughout. The New York Chicago & St. Louis has
declared a dividend of 3 per cent on its first preferred
stock out of the earnings of the calendar year 1891. In
Boston, the Kansp,3 City Fort Scott & Meaaphis which
had deferred the August dividend on its preferred
shares, now declares full 8 per cent for the year.
The following statement, made up from returns
collected by us, shows the week’s receipts and shipments
of- currency and gold by the New York banks.
Week Dndino Jan. 29, 1892.
fikild __________________ ______
Total gold and legal tenders....
Received by Shipped by
N.Y. Banks. N. Y. Banks.
Net Interior
Movement.
$5,6.17,000 $1,274,000 Gain.$4,343,000
1,302,000
411,000 Gain. 891,000
$6,919,000
$1,685,000 Gain.$5.234,000
With the Sub-Treasury operations the result is as
follows.
Into
Banks.
Week Ending Jan. 29, 1892.
Out of
Banks.
Net Change in
Bank Holdings.
Ba nks’ interior movement, as above $6,919,000 $1,685,000 Gain.$5,231,000
Sub Treasury operations................. 17,300,000 15.800,000 Gain. 1,600,000
Total gold and legal tenders___ $24,219,000 $17,485,000 Gain $6,734,000
The following table indicates the amount of bullion
In thé principal European banks this week, and at the
corresponding date last year.
Bank of
January 28, 1892.
Gold.
Silver.
£
£
Bngland........ 23,034,613
France.......... 54,152,804 50,111,137
Germany*. .. 35,971,050 11,990,350
Aust.-Hnn’y. 5.476.000 16,661,000
Netherlands.. 3.163.000 6.574.000
Nat. B’lgium* 2.780.000 1.390.000
Total.
January 29, 1891.
Gold.
Silver.
Total.
£
£
£
£
23,034,613 25,143,379
25,143,379
104,263,941 45.307.000 49.719.000 95.028.000
47,961,400 27.242.000 13.621.000 40.863.000
22,137,000 5.420.000 16.569.000 21.989.000
9.737.000 3.499.000 5,438,000 8,937,000
4.170.000 2,707,333 1,353,667 4.Q61.000
Tot.this week 124,577,467 86,726,487 211,303,954 109,318,712 86,700,667 198,019,379
Tot. prev. w’k 123,560,292 86,321,781 209,882,073 107,769,578 86,197,666 193,937,244
* The division (between gold and silver) given in our table o f coin a n d
bullion in the Bank o f G erm any and the Bank o f B elgium is m ade fr o m
the best estimate w e are able to obtain; in neither ease is it claim ed t o
be accurate, as those banks m ake no distinction in their weekly returns
m erely reporting the total gold and silver, bu t w e believ e the d iv ision
we m ake is a close approxim ation.
No te .—W ereoeiveth eforegoin gresu lts w eek ly b y oa b le, and w h ile n o t
all o f the date g iv en at the head o f the oolum n, they are the re tu rn s
issued nearest to that date—that is, the Latest reported figures.
THE CHRONICLE.
J a n u a r y 30, 1892,]
181
H O W TO P R E P A R E A CORRECT CURRENCY tion whatever is made of certificates. (2.) Then agaitr
the first item in the third column of the Government
STATEMENT.
In writing two weeks since with reference to our
currency and its increasing volume we prepared and
gave a statement showing the amount of all kinds of
circulation in the United States on January 1 1892.
Exception has been taken to our figures because they
differ in detail and results from currency figures issued
from the Treasury Department. We were fully con
scious of these dissimilarities when we prepared our
compilation. Indeed we have on a previous occasion
briefly explained the character of the differences and
stated reasons why we cannot accept the Treasury
figures. For it was many years ago that we began the
publication of statements in this same form and long
prior to the issue of anything of the kind by the Gov
ernment. Of course, however, we should adopt the
official compilations now if we could, but are not able
to do so, because our results are correct, and any figures
which reach conclusions that differ from ours are er
roneous.
The purpose we have in view to day is to verify our
figures, and consequently to establish the truth of the
assertion we have just made. A t the same time, to
prevent the drawing of any unwarranted inference
from our assertion, we wish to say as a preliminary (1)
that the official exhibit^ while subject to the criticism
we have expressed, is faultless as a book-keeping affair ;
and (2) that this form which we claim leads to such
erroneous results did not originate with the present ad
ministration. In other words there is nothing per
sonal in this discussion, nor anything that reflects upon
any person, and nothing untrue in the separate figures
from which the erroneous totals are obtained. It is
the unauthorized combination and use of the figures
that is misleading, and so misleading that the results
are constantly and everywhere quoted as representing
the aggregate circulation in the United States, a fact
which they do not show at all. As a basis for proving
the truth with regard to this matter we reproduce our
currency statement for the first of January and also
give the official statement for the same day issued by
the Treasury Department.
T r e a s u r y C u r r e n c y S ta te m e n t.
1
a
3
In Circulation In Treasury General Stock
January 11892.
Jan. I 1892. Jan.-l 1892. coined or iss’d
Gold coin................................... $107,999,180
$196,634,061 $604,633,241
Standard silver dollars.............
62,326,191
349,217,649 411,643,740
Subsidiary silver......................
62,776,830
13,789,325
76,566,155
Gold certificates........................ 148,106,119
17,472,720 165,578,839
Silver certificates..................... 320,817,568
3,951,750 324,772,318
Treasury notes, act July 1890.
75,296,057
2,031,045
77,327,102
12,913,665 S46,681,016
United States notes................. 333,767,351
Currency certificates, act June 8,1872.
9,265,000
200,000
9,465,000
168.427,433
4,651,152
178,078,685
National bank notes..................
Totals Treasury statem ent........$1,588,781,729 $600,864,267 $2,189,646,996
C h r o n ic le C u rrè n cy S ta te m e n t.
i
a
3
January 1 1892.
In Circulation. In Treasury. TotalinU.S.
tiôiàctin and bullion............... $¿56,105,299
$130,740,6l31 $686,845,030
Silver dollars ...........
383,143,759
28,399,931
411,543,7i0
Treasury notes, act July 14 1890.
76,126,057
1,201,045
77,327,102
Fractional silver............. ; . . . . . . . ..........
62,776,830
13,789,825
76;566,156
National bank notes.................... ..... 168,427,433
4,651,152
173,078,585
Légaltenders..................................
842,2021351
4,478,665
346,681,016
Total.....................................
$1,688,781,729 $183,260,799 $1,772,042,528
L e ss silver dollars coined from bullion purchased > ___ _________________
under act July 14,1890 .......................................... $ 23,357,634
23,357,634
Total currency................................$1,588,781,729 $159,903,165 $1,748,684394
The differences in totals which appear in the foregoing
are confined to the two columns numbered 2 and 3 ; in
other words, the first column of the two statements so
far as the aggregate is concerned agree and the other
two differ. Descending to the details (1) the fact which
will first strike the iattention is that in the Government
compilation Several lihes ‘are wholly given up to cer
tificates, ‘While in' the C hronicle Compilatibn no ineû-
compilation is the only gold item in the column, and
that item is stated to be gold coin ; that is to say, the
gold bullion is omitted from the statement. (3.)
From the total of the second and third columns the
Chronicle has deducted $23,357,634 silver dollars
which have been coined from bullion purchased,
under the act of July 14 1890. (4.) Now notide
that if the gold bullion be added to the gold coiri.
in the Government's third column and all the certi
ficate items in the third column of the Government
compilation be added together and deducted from the
Government total for that column, the result reached
is that the third columns of both compilations are
alike. To prevent misunderstanding we will give the
particulars of the process described.
Total stock in U. S. (Government figures).......... $2,189,645,99$
Add gold bullion in Treasury.................................
82,212,689
Total stock with bullion added.......................... $2,271,858,685Deduct—Gold certificates...................$165,578,839
Silver certificates................. 324,772,318
Currency certificates......... .
9,465,000 499,816,157
W hich leaves.............................................................$1,772,042,528Deduct also silver dollars coined from bullion un
der A ct July 14 1890...........................................
23,357,684
Total stock in United States (Chronicle figures).$1,748,684,894
Assuming that the reader does not understand why
the changes set out above should have been made, we
state the reasons as briefly as we can. (1) The ¡gOl’d
bullion ($82,212,689) in the Treasury is added bebailSe
gold bullion is just as effectually currency as coin is; it
pays our foreign debts quicker, being a trifle indite
valuable; it pays our domestic debts the same as Odin
and forms a part of our bank reserves. (2) The ¿roffliid
for deducting all the certificates is that the Certificated
are merely representatives or shadows of the real thing
which is otherwise counted; for instance every standard
silver dollar that has been coined is found in the third
column of both statements in the item, “ standard silver
dollars $411,543,740 ; " that includes we say every ddllar coined, and the “ silver certificates" are only Certif
icates issued on the deposit of these dollars "and haVe
no existence except as a substitute for the dollars they
represent; when then both the dollar and its certificate
are counted, the same currency instrument is cOffritCtL
twice. (4) The explanation for the deduction of the
$23,357,634 silver dollars is similar to the explanation
just given with regard to the certificates; that
is to say, the whole of the bullion out of whicfh
these dollars were coined is represented In the
item “ Treasury notes act of July 14 1890, '$77,327,102," and when included in the “ stktidafd
silver dollars" item also, that part of the bultiOn
appears twice ; tholse dollars have no life in themselves—
they can be used Only for retiring some portion Cf the
Treasury notes, and the dollars and the notes cannot
both be out of the Treasury at the same tim e; We
might have deducted the $23,357,634 of coined bullion
from the “ standard silver dollars" or from the
“ Treasury notes," but had we done so that would haVe
deranged the system we observe in making up the&e
compilations, which system we will explain further 6m
Taking the second column of the Treasury statement
next in order a mere glanCe ought to convince any ofle
that it does not show the currency holdings of the
Treasury, that is the currency which belongs to the
Treasury, for the'Government has no such athount 6f
'cash. To be Sute the GoVbrnment is the custodian of
349,217,549 standard silver dollars, which are packed.
182
THE CHRONICLE.
away in safes, yet all but 5,042,347 are covered by
.silver certificates except the 23,357,634, which are dol
lars coined from bullion purchased under the act of
July 14 1890 and covered by the Treasury notes issued
under the same act, as above explained. In our state
ment we put the silver dollars held at $28,399,981, and
then deduct the $23,357,634 at the foot of the column,
which is the same as saying that the Treasury’s free
holdings of dollars are $5,042,347. Here is an exhibit
of the Government cash held in suh-treasuries, made
up from another source, that is from the first of
January debt statement, which any one familiar with
the method of Treasury book-keeping can prepare,
and thus verify our currency statement.
1892.
'■Currency H oldings by T reasurer in Sub-Treasuries.
January 1.
N et g old coin and bu llion ...........................................................$130,740,631
N et silver coin and buUion.........................................................
5,042,347
TL 8. Treasury notes, act Ju ly 14 1 8 9 0 ..................................
2,031,045
L egal tender n otes....................................................
3,648,665
N ational bank n otes................. j ............................ ...................
4,651,152
13,789,325
3Tractional silver...........................................................................
T o ta l Governm ent cash in sub-treasuries.......................$159,903,165
In the above the standard dollar item appears at its
actual or true amount of loose available dollars; the
“ legal tenders” and the “ treasury notes” differ slightly
¡(for reasons which we need not explain here) from the
same items as given in the Chronicle currency exhibits,
but they aggregate the same; and of course the totals
of all the items ($159,903,165) are alike, and a stand
ing protest against the total of $600,864,267 in the
Treasury exhibit.
With regard to the first column of the Government
and the Chronicle currency exhibits which covers the
amount “ in circulation,” nothing needs to be. said, be
cause the two statements agree. The only difference is
that the Government gives the certificates separately,
which for Government purposes is better perhaps,
as its space is unlimited.
For us, however, it
is a shorter (which is always important) and also,
we think, a much simpler method, to confine the
item in each column to dollars, because in columns
two and three we can, as w;e have seen, only deal
with dollars, and everyone is presumed to know that
that item in the column which represents circulation in
the banks and hands of the people includes all standard
«dollars outstanding, that is whether in the form of
dollars or of certificates. What we have just said
also helps to illustrate our method in preparing-these
statements of the amount of currency in the coun
try, in the Treasury, and afloat. We always
have made up the aggregates for the full amount in the
country first of the three, and we do it by setting down
the totals of each kind of currency— that is to say the
total of gold coin and bullion, the total of silver dollars
coined, the total of silver notes under act July 14 1890,
the total of old United States (legal tender) notes,
&c. There can be no more currency in existence than
the aggregate of all these items. The fact that a bank
takes a million dollars of gold to the Sub-Treasury and
gets for it a million dollars of gold certificates does not
add a dollar to the circulation any more than when a
produce merchant takes a hundred barrels of flour to
a warehouse and gets a warehouse receipt for it, increases
the amount of flour in the country. The flour must be
held in the warehouse to respond to the receipt when
ever presented, and the gold must be held in the SubTreasury to respond to the gold certificate whenever
presented.
Why then burden and confuse these
exhibits by putting into them what makes them tell an
untruth ?
L V ou l i v .
The question we have just asked has greater signifi
cance than many imagine. We said in starting that
these erroneous statements of the currency were doing
great harm because they pass under the name of the
Government and are taken and quoted everywhere as
representing what they do not represent. It is not
only in this country, but it is in every other country
that they are misunderstood and inaccurately used. A
conspicuous recent misuse was by Mr. Goschen in his
address delivered at Merchant Taylor’s Hall last
month. On that occasion, in enumerating the quan
tity of metallic currency in sight in different countries,
he stated that the United States Government and
the National banks held £142,000,000 (in #round
numbers $710,000,000) of gold and silver.
On
the first of January we see that the Treasury
Department held just $130,740,631 gold and $5,042,347 silver, or a total of $135,782,978, and that
the National banks of the whole country held (accord
ing to their latest return of Dec. 2 1891, which we
give to-day on page 199), $176,981,351 of gold and gold
certificates and $30,917,621 of silver and silver certifi
cates, making in the Treasury and in the national banks
a total of only $343,681,950 of gold and silver, instead
of about $710,000,000 as Mr. Goschen put it. Is it not
unwise to continue to publish statements which so
mislead the public ?
DIMENSIONS OF OUR FO R E IG N TRADE.
Taken altogether the late year stands as the most
striking in the history of the foreign trade of the
United States. To say that it presents in many
respects an unprecedented record is to say what all
our readers well know, for they have been kept
informed as to the course of the movement from
month to month during the progress of the year. And
yet it is really remarkable in how many different ways
the year is distinguished beyond all other years and
takes first rank. The Bureau of Statistics has this week
furnished the statement for December and the twelve
months, and by comparing it with the statements for
the years preceding we discover a number of very
prominent characteristics. To cite only the more
important of these, we find (1) that we exported more
wheat and flour than ever before in any period of
twelve months ; (2) that we also exported more cotton
than in any previous year; (3) that our total merchan
dise exports have never been equaled; (4) that our
imports have likewise been unexceled; (5) that the
total trade (imports and exports combined) is far in
excess of that of any other year; and (6) that the
year shows the largest merchandise exports for any
single month and the largest exports for any quarter.
According to the statement before us, the value of
the merchandise exports for December reached $119,932,532, which the Chief of the Bureau of Statistics
correctly terms “ unprecedented and remarkable.” He
also directs attention to the fact, several times pointed
out in these columns, that up to 1891 the exports had
never amounted to 100 million dollars in any one
month. October was the first month to break the rec
ord, with exports of $102,877,243; this was followed in
November by still better results, namely a total of
$110,103,537, and now fo.r December, as stated, we
have an aggregate but a trifle below 120 millions. For
December of the year preceding the exports were not
quite 98^ millions, so that the improvement for this
one month is 22£ million dollars. For November the
improvement had been 21 millions and for Octooer 4£
-
THE CHKON1CLE.
J a n u a r y 30, 18H2.J
t
millions. For the year 1891 the merchandise exports
come very close to a thousand million dollars, amount
ing to $970,506,282.
As compared with 1890 this is
an increase of 113 million dollars; as compared with
either 1888 or 1885, in the one of which years the ex
ports were 691 millions and in the other 688 millions,
it is an increase of not far from 300 million dollars,
or 50 per cent. Up to 1891 the year of largest mer
chandise exports was 1880, with a total of $889,683,422.
The total for 1891 exceeds this by about 82. million
dollars; it exceeds the average for the ten years preced
ing by 306^ millions. As to the imports they have
been steadily rising in all recent years; the amount for
1891 at 828 millions is only about 5 million dollars in
excess of the amount for 1890, but as compared with
the average for the ten years from 1881 to 1890, inclu
sive, the increase is $126,450,216. The following shows
both the imports and exports for each year back to
1870.
M E R C H A N D ISE E X P O R T S A N D IM P O RT S.
1870.............
1871.............
1872.............
1873.............
1874.............
1875.............
1876.............
1877___ ___
1878.............
1879...........
1880............
1881.............
1882.............
1883.............
1884.............
1885.............
1886.............
1887.............
1888.............
1889.............
1890.............
1891.............
Exports.
Imports.
$
403,586,010
460,352,088
468,837,948
567,757,867
569,872,553
510,947,422
590,668,629
620,302,412
737,092,073
765,159,825
839,683,422
833,549,127
767,981,946
795,209,316
749,366,428
688,249,798
713,404,021
715,301,044
691,760,743
827,106,347
857,502,548
970,506.282
$
461,132,058
573,111,099
655,964,699
595,248,018
562,115,907
503,152,936
427,347,165
480,246,300
431,812,483
513,602,796
696,807,176
870,209,448
752,843,507
687,066,216
629,261,860
587,868,673
663,429,139
708,818,478
725,202,714
770,529,484
823,397,726
828,312,646
Excess.
$
Imp. 57,546,048
Imp. 112,759,011
Imp. 187,126,751
Imp. 27,490,181
Exp. 7,756,646
Exp. 7,794,486
Exp. 163,819,464
Exp. 140,056,112
Exp. 805,279,590
Exp. 251,557,029
Exp. 192,876,246
Exp. 163,339,679
Exp. 15,138,439
Exp. 108,143,100
Exp. 120,104,563
Exp. 100,381,125
Exp. 49,974,832
Exp. 6,482,566
Imp. S3,441,971
Exp. 56,579,863
Exp. 34,104,822
Exp. 142,193,636
Total Foreign
Trade.
%
864.718,068
1,033,463,187
1,124,802,647
1,163,005,915
1,131,988,460
1,014,100,358
1,018,013,794
1,100,548,712
1,168,904,556
1,278,762,621
1,586,490,598
1,503,758,575
1,520,825,453
1,482,275,532
1,878,628,288
1,276,118,471
1,376,833,210
1,421,119,522
1,416,968,457
1,597,632,831
1,680,900,274
1,798.818,928
The foregoing also gives the total of imports and ex
ports combined, and from this it will be observed that
the aggregate trade for 1891 amounted to almost 1,800
million dollars. Of course both Germany and Great
Britain have a much larger trade than this, but it is
important to note that since the year 1885 the total
trade of the United States has expanded over 522 mil
lion dollars. It is true 1885 was a low year in our
trade, but even as compared with the total of 1880
there is an increase of 212 million dollars. In regard
to the excess of merchandise exports over imports, or
balance of trade in our favor, this for 1891 amounts to
142 million dollars, which is 108 million dollars better
than for 1890 and the largest balance for ten years.
Our net exports of gold on this heavy merchandise
balance were 34 million dollars, whereas on the small
merchandise balance of 1890 we shipped less than four
millions net of that metal. If we include also silver,
we find that the excess of exports over imports on mer
chandise, gold and silver for 1891 amounted to 185 mil
lion dollars ($185,316,025), against an excess of only
42 millions ($42,051,476) for the twelve months of 1890
— a remarkable difference. Taking the last half of the
year by itself, the contrast is equally striking. But we
have frequently remarked on this feature of late and
make some further comments on it to-day in our article
on “ The Financial Situation,” so need not pursue the
subject any further here. With reference to silver, it is
•not out of place to note that we exported only 9 mil
lions net in 1891 and but a little over 4 millions in
-1890, against 2.1^ millions in 1889 and 14 millions in
1888. . u
■' ■■ ■ •
,
183
In view of our large merchandise exports, the total
in the late year, as already sa’id, running close to 1,000
million dollars, it will be interesting to see how far
each of the leading staples, like cotton, breadstuifs, pro
visions, etc., has contributed to that result. As would be
expected, in the increase over 1890 the breadstuifs ship
ments have played a very prominent part. The value
of these breadstufEs shipments in 1891 may be stated
roughly at 231£ million dollars ; in 1890 the amount
was only 141f millions, giving an increase therefore
of over 90 million dollars. This increase has occurred
in face of the fact that there was a heavy falling off in
the exports of both corn and oats. The crops of these
cereals were very small in 1890, and the 1891 exports
naturally reflect that circumstance. Thus of corn we
sent out only about 30£ million bushels, against 86,817,220 bushels in 1890 and 81,278,006 bushels in
1889, and of oats about 4£ million bushels, against
12,207,359 bushels in 1890, but as against 2,529,361
in 1889. Of rye the shipments were a great deal heavier
than in 1890, the urgent foreign demand and high
prices having stimulated the movement. The exports
were nearly 8 million bushels, against only 1,718,507
bushels in 1890 and 1,045,895 bushels in 1889. There
was also an increase in barley, the shipments for 1891
being 2^- million bushels, against 827,818 bushels in
1890 and 1,070,564 bushels in 1889.
The bulk, however, of the increase in breadstuifs has
been in the export of wheat and flour. And here the
outward movement has been in excess of all previous
records—in excess even of the phenomenal movement of
1879 and 1880. Of wheat and flour combined we figure
the shipments for 1891 at 187,690,500 bushels; the
actual result will be slightly above this, as we have had
to use for December the preliminary report of exports,
which omits a few minor customs districts. In the
twelve months of 1890 we sent out just about 100 mil
lion bushels of flour and wheat, indicating an increase
in 1891 of 88 million bushels. Substantially the whole
of this increase occurred in the last half of the year,
though the shipments in the first half were by no means
small. Of course the reasons for this exceptional
movement are well known ; they are found in our very
large crop and the coincident bad harvests in Europe.
In 1879 and 1880 a somewhat similar situation existed,
and our exports in those two calendar years were re
spectively 174,810,959 bushels and 175,210,901 bushels.
The very largest exports reported prior to 1891 were in
the Government fiscal year ending June 30 1881, when
we sent out 186,321,514 bushels (flour being in all cases
counted at its equivalent in wheat); the 1891 total ex
ceeds this by 1-J million bushels.
The gain in breadstufEs was in part offset by a loss
in petroleum and provisions, but was re-enforced by a
gain in cotton. We sent out nearly as much petroleum
as in 1890 (667 million gallons against. 689 millions),
but the price was less, and hence values fell ofE nearly
6 million dollars. The loss in provisions was about 12
million dollars, and may be presumed to have been due
in great measure to the deficient crops of 1890. In
cotton the low prices acted to diminish values, but the
shipments were simply extraordinary,reaching 5,918,716
bales, against only 5,034,656 bales in 1890 and 5,411,788
bales in 1889. In other words, 884,000 bales more of cot
ton were sent out in 1891 than in 1890, and the result is
that the value of the shipments was added to in the
amount of over 22 million dollars. Below we show the
export values of the four leading staples for a series of
1years past. It will be observed that the value of the
184
¡THE CHRONICLE.
£[V o l LTV,
cotton exports exceeds that of the bread stuffs exports, things was just the reverse.
Then stocks increased
notwithstanding the heavy movement of wheat, so that over four hundred thousand tons, the amount having
cotton may still be said to he king.
risen from 317,945 at the beginning of the year to
741,281 tons at the close. Hence, though the produc
1883.
1891. | 1890. [ 1889.
1888.
1887.
tion in that year was a million tons larger than in
$
$
$
$
|
* .
*
1890, the amount gone into consumption wa3 reduced
Cdtton........ 276.800.000 254,275,863 266,649,345 225,122,111 215,974,267 215,351,961
Èreadstuffs. 231.750.000 141,602,847 129,665,377 116,662,663 161,230,782 151,627,656 to the extent of thia addition in stocks.
Allowing for
Prov’ns, &c. 131,000,000 142,842,419 123,307,318 91,249,316 93,760,932 91,471,221
the
changes
in
stocks
in
both
years,
the
consumption
of
I*etr’Im, &c. 46,200,000 52,270,953 53,293,299 48,105,703 46,898,842 48,145,204
Total........ 685,750,000 590,992,082 572,915,339 481,139.793 517,864,823!506,596,042 domestic pig iron in the United States for 1891 figures
out 9,312,235 tons, against 9,883,692 tons for 1890, the
Large though the increase has been in recent years loss on this basis being less than 575,000 tons. In
in the aggregate of these staples, it falls short of the 1889 the consumption made up in the same way was
total increase in merchandise exports, demonstrating
8,534,295 tons, and in 1888 and 1887 it was respective
that there has been coincidently an increase in the
ly 7,270,488 tons and 7,101,768 tons.
In a word,
exports of general articles of merchandise. Take
though we did not consume so much pig in 1891 as in
1891 and 1890 for instance. The four leading staples
1890, we consumed over three quarters of a million tons
show an increase of 95 million dollars, but the total
more than in 1889 and over two million tons more
merchandise increase is 113 million dollars, leaving 18 than in either 1888 or 1887.
million dollars to be explained in the way mentione d
In connection with the loss of 575,000 tons (in exact
On examination we find that the increase is pretty well figures, 571,457 tons) from the extraordinary consump
distributed through the whole list of articles. We tion of 1890, it is desirable to consider one further cir
have as yet only the details for the eleven months to cumstance, namely the great reduction in the quantity
November 30, but these show large gains in a variety
of rails made, as compared with the same year. The
of items, the most noteworthy additions being in the Iron & Steel Association reports that the production of
case of iron and manufactures of, leather and manu
Bessemer steel rails in 1891 amounted to only 1,366,259
factures of, eotton manufactures, and copper, coal, tons, whereas the production of rails in 1890 had been
paraffine, seeds, and fruits. Growth in these branches 2,013,188 tons. Here, then, is a loss of 646,929 tons.
of our export trade is especially gratifying.
We need hardly say that in the quantity of iron re
quired to make the rails the loss.would be represented
by still larger figures, since we must suppose that there
OUR L A R G E IRO N CONSUMPTION.
is considerable waste in converting the iron first into
The more the statistics of iron production for the steel ingots and then into rails. Taking, however, only
late calendar year, as furnished by the Iron & Steel the loss in the quantity of rails turned out, this at 646,
Association of Philadelphia, are studied and examined, 929 tons is 75,000 tons larger than the total falling off
the more remarkable do the results appear. We of 571,457 tons in the consumption of iron. The con
directed attention very briefly last week to one note clusion, consequently, is that outside of the steel Mil
worthy feature, namely the fact that the output of branch of the trade the quantity of iron consumed was
iron in the last six months of the year had actually larger even than in 1890; or, to put it in another Way,
exceeded the unprecedented output of the cor had the rail trade taken as much iron as in 1890, the
responding six months of 1890, so that the falling-off aggregate of the 1891 iron consumption would hate
in production for the full year proved less than the been in excess even of the remarkable and unprece
falling-off for the first six months, and amounted to dented consumption of 1890. Under the depressing
only about a million tons or roughly ten per cent. This conditions which ruled that is certainly a marvellous
reduction appeared surprisingly small considering the record.
many adverse conditions under which business interests
Nor must it be supposed that the effects of ihe
in general and the iron industry in particular had unfavorable railroad situation prevailing, and which
labored, and considering also that the annual make of exerted such an important influence in the iron tMde,
iron in the United States had been steadily rising year are fully expressed in the falling off in the manufaCttire
by year, from 1885 on, the addition in 1890 alone of rails. It was most difficult for railroad companies to
having been over I f million net tons. Analysis now sell bonds and negotiate new loans all through the year,
establishes that the outcome for the year is even more while earnings in at least the first six months did not
favorable than this mere statement would seem to indi permit very lavish expenditures, so that managers
cate.
found themselves obliged to economize not only in the
We mean by this that when the changes in unsold use of rails but also in many other directions, all of
stocks are taken into account and comparison made on which tended to diminish the consumption of iron for
the basis of the amount of iron apparently used for railroad purposes. It is this aspect of the matter that
consumption, the loss from 1890 is reduced to quite gives further and added significance to the large aggiesmall dimensions, and furthermore, if we go one step gate of consumption. In the following table we indi
further and eliminate the iron requirements of one cate the prCduction of pig iron in this country in each
special branch of industry, there is no loss at all, but half-year since the beginning of 1885.
actually a gain. During 1891 there was no increase in
PRODUCTION OP PIG IRON IN HALF-YEARLY PERIODS.
the aggregate of unsold stocks in the hands of makers
AT/)/
c
N et Tons.
and in storage warrant yards, but rather a slight de 1885— 1st H a lf. . . . . - . . . . . .2,150,816 1889— 1st H a lf...4,1065995
2d H a lf................. 2,379,053
2d H a lf..................4,415,084
crease. The total of such stocks January 1 1891 was 1886—1st H a lf........ - - -. .2,954,209 1890— 1st H a lf...........5,107,775
H a lf..................3,411,119
2d H a lf..................ö.m O ß ö S
741,281 net tons ; on January 1 1892 the total stood 1887— 2d1st
H a l f . . . . . . .... 3,415,210 1891—
1st H a lf...........3,772,280
2d
H
a
lf.................,3,771,996
2d H a lf.................. 5 j 5 0 1 > 1 7 5
702,501 tons. The inference would seem permissible that 1888—1st H a lf............. . .3 ,382,503
2d H a lf..................3,886,004
the whole of the 1891 production went into consump
tion and 38,780 tons more, the latter representing the
This shows that itith the exception of the break in
reduction of stocks on hand. In 1890 the situation of the first half of the late year and a break in the
J a n u a r y 30, 1802. j
THE CHRONICLE.
first half of 1888, the output of iron has uninter-;
ruptedly increased since the beginning of 1885, each
half-year recording a larger total than the half-year
preceding, and the production for the last six naonths
qf 1891 at 5,501,175 tons being almost a million tons
larger than the production for the whole of 1885, and
in fact larger, as the Iron & Steel Association bulletin
points out, than the production of any full year up to
tl$ t time. It is estimated that we produced a million
grp^p tons more of iron (equal to 1,120,000 net tons)
in 1891 than did the United Kingdom in the same year,
and the production of the last six months was at the
rate of over 11 millipn net tons a year, which is I f
million tons more than our output for the twelve
months of 1891, and even 700,000 tons larger than the
unprecedented output of 1890.
The question is, can we expect any further increase—
«an even the present rate of production be main
tained?
The Iron & Steel Association notes that
stocks at the end of 1891 were but little less than at
the end of 1890, when many furnaces went out of
blast in order to get rid of their accumulations, add
ing that if the demand for pig iron were exceptionally
active and prices advancing the stocks would not be
excessive.. But low prices while unsatisfactory to pro
ducers, tend directly to stimulate consumption, making
iron available for many uses where at a higher price
it would be barred out; there can be very little doubt
that the great increase in consumption which has
occurred in recent years is in large part attributable to
that very circumstance. It is worth remarking too,
that the stocks though above the average, as they now
stand are equal to less than 8 per cent of a year’s pro
duction or consumption. Furthermore, there is a great
deal of difference between the railroad situation at the
present time and that of twelve months ago, a differ
ence not without importance in it3 bearing on the
question of stocks and consumption. It is admitted
by all that the requirements for rails in 1892 will be
much heavier than in 1891, and the reports of very
large earnings by leading roads, combined with the
low rates prevailing for money, which will facilitate bor
rowing, encourage a belief that the requirements of the
railroads for other purposes will also be greatly increased.
As to whether we can further enlarge our production
during the next two or three years, much manifestly
will depend on the state of general business. In any
event, it seems clear that such a rate of progress as
has taken p^ce since 1885 is out of the question, not
only because the product has now reached large porportions, but also because a part of the increase was made
possible only through a contraction in the imports of
iron and steel, the domestic product thus going to re
place the foreign product.
As between 1891 and 1890 there was no very great
difference in the imports, but if we compare with such
a year as 1887 we shall find that the imports have
shrunk nearly two-thirds. We are not referring now
to the imports of pig iron, which very rarely play
much of a factor in the situation, but to our imports of
iron and steel of all descriptions, including tin-plates.
The total of these imports for 1891 will approximate
625,000 net tons, against 745,550 tons in 1890, 838,376
tons in 1889, 1,024,524 tons in 1888, and 1,997,247
tons in 1887. As compared with 1890 the reduction is
only a little over a hundred thousand tons, but as com
pared with 1887 it is over 1,372,000 tons, this' furnish
ing opportunity for the extension of the domestic pro
duction, In the following we have added the ¡foreign
imports of iron and steel to the domestic consumption
of pig iron, so as to indicate the total consumption of
iron and steel in one form or another for a series of
years. It will be observed that made up in this way
the consumption for 1891 reaches nearly ten million
tons (9,937,235 tons), against 10,629,251 tons for 1890,
9,372,671 tons for 1889, 8,295,012 tons for 1888, 9,099,015 tons for 1887, 7,759,529 tens for 1886, and 5,354,252 tons for 1885.
Tons of 2,000 Pounds.
1891.
1890.
1889.
1888. [ 1887.
1885.
St’k o f pig begin, of yr.
741,281
817,945 336,161 338,142 252,704 593,000
Product’n during year 9,273,455 10,307,028^,516,079 7,288,507j7,187,206 4,529,800
Total supply......... 10,014,736 10,624,973 8,852,240 7,606,649 7,439,910 5,122,869
Stock end of year*......
702,501
741,281 317,945 336,1811 338,142 416,512
Cons’mp’n of home pig 9,312,235 9,883,692 8,534,295 7,270,488 7,101,768 4,706,357
Imp’ts o f iron & steel. +625,000
745,559 838,376 1,034,534'1,997,247 647,895
Tot. cons’mpt’n, tons 9,937,235 10,629,251'9,372,671 8,295,012'9,099,015 5,354,252
• Including 40,544 tons net held in the warrant yards of the American Pig
Iron Storage Warrant Company December 31, 1889, 59,289 tons December 31.
1890, and 34,608 tons December 31,1891.
+ December imports estimated,
It is of interest to know how the falling off of a
million tons in the make of iron in the late year as com
pared with the year preceding, was distributed among
the different States of the Union, and also how the loss
is distributed as regards the different kinds of fuel
used in the manufacture of the iron. Taking up the
latter point first, it is found that over 617,000 tons of
the reduction is in the iron made with bituminous coal,
which is natural considering that about 70 per cent of
the entire pro luct is made with that class of fuel. The
following will show the proportions for a series of
years.
PRODUCTION OF IRON ACCORDING TO FUEL USED.
Tons of 2,000 Pounds.
1891.
1890.
1889.
1888.
1887.
1885.
Bituminous................... 6,537,214 7,154,725 5,951,425 4,743,989 4,270.635 3,675,635
An’cite & coke mix’d > 2,090,041 ,2169,597 1,575,996 1,648,214 1,919,61,0 1,176,477
Anthracite alone....... )
i 279,184 344,358 277,515 418,749 277,913
Charcoal....................... 646,200
703,522 644,300 598,789 578,182 399,814
Total....................... 9,273,455 10,307,028 8,516,079 7.268,507 7,187,206 4,528,869
In reference to the output in the various States, thp
loss has fallen chiefly upon Pennsylvania and Ohio, the
two largest producers. The one shows a decrease of
518,496 tons and the other a decrease of 229,955 tons;
making nearly three-quarters of a million tons out of a
total decrease of a little over a million tons. It is
rather noteworthy that the Southern States as a whole
have suffered only a trifling falling off, the make in
Alabama having been within 24,000 tons of that of
1890, and both Virginia ahd Tennessee reporting an
enlarged production. Altogether, the Southern States
produced 1,914,042 tons in 1891, against 1,953,459 tons
in 1890. The subjoined table furnishes a comparison
for all the States.
PRODUCTION OF PIG IRON BY STATES.
Tons of 2,000
Pounds.
1891.
1890.
1889.
1888.
1887.
1886.
1885.
S’th’n States : Tons.
Alabama...... 891,154
Virginia......... 330,727
Tennessee.... 326,747
West Virginia
96,637
Kentucky......
50,225
Georgia.........
55,841
Maryland....... 138,206
Texas............
20,902
N’rth Carolina
3,603
Tons.
Tons.
Tons.
Tons.
Tons.
Tons.
914,940 791,425 449,492 292,762 283.859 227,438
327,912 251,356 197,396 175,715 156,250 163,782
299,741 294,655 267,931 250,344 199,166 161,199
95,259 82,311
144,970 117,900
98,618 69,007
56,790
53,604 42,518
41,907
54,844
37,553
39,397
40,947
46,490
32,687
27,559
32,924
17,606
80,502
165,559 33,847
37,427
17,299
4,541
4,383
3,250
10B65
6,587
1,843
2,400
3,640
2,200
2,898
1,790
3¡jj|l
Total.......... 1,914,012 1,953,459 1,566,702 1,132,858 929,436 875,179 712,835
Pennsylvania. 4,426,673 4,945,169 4,181,242 3,589,186 3,684,618 3,293,289 2,445,496
Ohio............... 1,159,215 1,389,170 1,215,572 1,103,818 975,539 908,094 553,963
369,381 297,247 257,180 296,572 233,618 160,157
New York...... 352,925
73,667
177,788 125,693 101,882 172,554 157,883
New Jersey... 103,589
785,239 601,035 579,307 565,453 501,795 327,977
Illinois........... 749,506
214,356
213,251 213,543 190,734 143,121
258,461
Michigan....... 238,722
24,632
246,237 158,634 116,037 133,508 65,933
Wisconsin.... 220,819
74,523
51,408
100,550
86,190 91,783 138,643
32,736
Missouri.........
77,340
6i,277
36,613
81,574j 69,408 83,205
75,228
All others......
Grand total. 9,273,455 10,307.028'8,516,079 7,268,507 7,187 206 6.365.32P 4,529.869
186
THE OHRONLOLE.
[V O L . I A V .
IM PORTS AN D EX PO R TS FOR DECEMBER.
THE BUSINESS OF 1891 I N ENGLAND.
The Bureau of Statistics has issued its detailed statement of
the foreign commerce of the country for the month of Decem
ber, 1891 and 1890, and for the six and twelve months ending
December 31,1891 and 1890, as follows :
[Com m unicated b y our L ondon correspondent.]
L ondon, January 16,1892.
M E R C H A N D ISE .
F or the 12
F or the 6
F or the
m onth o f m onths ended m onths ended
Decem ber. Decem ber 31. Decem ber 31.
1891.—E xports—D om estic___ $118580566 $544,703,373 $957,337,991
13,168,291
6,418,458
1,351,966
Foreign.........
T ota l........................... $119932532 $551,121,831 $970,506,282
Im ports........................... 69,444,655 395,666,624 828,312,646
E xcess o f exports over im ports $50,487,877 $155,455,207 $142,193,636
E xcess o f im ports over exports
1890 —E x ports—D om estic___ $97,421,907 $459,635,665 $845,999,603
11,502,945
5,460,694
1,029,845
F oreign........
T o ta l........................... $98,451,752 $465,096,359 $857,502,548
Im p orts........................... 60,802,331 412,270,174 823,397,726
E x cess o f exports over im ports $37,649,421 $52,826,185
$34,104,8 ¿2
E xcess o f im ports over exports ............
G O L D A N D S IL V E R — CO IN A N D B U L L IO N .
$7,233,035
1891.—E xports—Gold—D o m ..
$254,501
F oreign.........
1,394,873
1,731
T o ta l...........................
$256,232
$8,627,908
Silver—D om estic___ $1,178,131
$6,946,361
F oreign.........
10,577,970
1,160,952
T ota l........................... $2,339,083 $17,524,331
Total e x p o r t s .___ $2,595,315 $26,152,239
Im ports—G old .............. $6,018,851 $41,663,846
Silver............
2,080,654
11,849,515
T ota l............................. $8,099,505 $53,513,361
E xcess o f exports over im ports
E xcess o f im ports over exports $5,504,Ì9Ò $ 2 7 ,3 6 i,Ï2 2
1890.—E xports—Gold—D o m ..
Foreign.........
T o ta l...........................
Silver—D om estic___
F o r e ig n ......
T ota l...........................
Total ex p o rts........
Im ports—G o ld .............
Silver............
T o ta l.............................
E xcess o f exports over im ports
E xcess o f im ports over exports
$617,400
14,954
$632,354
$L,163,002
1,672,267
$2,835,269
$3,467,623
$6,033,013
1,885,409
$7,918,422
$4,450,799
$76,640,893
2,447,419
$79,088,312
$12,919,905
14,277,032
$27,196,937
$106,285,249
$44,970,110
18,192,750
$63,162,860
$43,122,389
$15,531,693 $20,654,960
3,408,114
370,557
$15,902,250 $24,063,074
$8,060,170 $16,098,189
4,858,212 $10,441,600
$12,918,382 $26,539,789
$28,820,632 $50,602,863
$14,926,303 $20,230,090
11,683,645
22,426,119
$26,609,948 $42,656,209
$2,210,684
$7,946,654
T O T A L M E R C H A N D ISE A N D CO IN A N D B U L L IO N .
1891.—E xports—D om estic___ $120013198, $558,882,769 $1046898789
F oreign.........
2,514,649
18,391,301
29,892,742
T o ta l........................... $122527847 $577,274,070 $1076791531
Im ports.......................... 77,544,160 449,179,985 891,475,506
E xcess o f exports over im ports $44,983,687 $128,094,085 $185,316,025
E xcess o f im ports over exports
1890.—E xports—D om estic___ $99,202,309 $483,227,528 $882,752,752
Foreign.........
2,717,0661 10,689,463
25,352,659
T ota l........................... $101919375 $493,916,991 $908,105,411
Im ports........................... 68,720,753 438,880,122 866,053,935
E xcess o f exports over im ports $33,198,622 $55,036,869 $42,051,476
E x cess o f im ports over exports
IM P O R T S AN D E X P O R T S B Y P R IN C IP A L CUSTOM S D IST R IC T S .
Im
Custom s D i s D e c e m b e r , 1891.
t r ic t s a n d
P o rts.
Imports. Exports.
$
*
8 ,985,644
12
po r ts.
months ending
Dec. 31.
1891.
Í
975 ,038
Baltimore,Md.
18,270,006
Bost. & Charlest’wn.Mass 6,144,951 8,389.917 70,304,622
8,941 1,236,364
Brunswick, Ga
13,675
BuffaloCk.N.Y
871,319
41,897
4,836,875
280,953
Champí’n, N. Y
187,835
3,773,825
123,037 3 ,1 9 1 ,1 2 8
Charlest’n, S.C
1,204,507
259 13,971,847
Chicago, 111___ 1,896,758
Cincinnati Oa.
185,023
1,936.086
164,226
484 ,625
Corpus Christ!
2,588,121
181,270
5 70 ,238
Detroit, Mich.
2,839,540
1,943
101
Duluth, Minn.
415,917
Galvest’n, Tex
894 ,418 6 ,8 5 8 ,9 0 8
1,069,278
Huron, Mich..
156.116
683 ,428
2,482,265
64.422
Milw’kee.Wis.
934,388
Minn’s’a,Minn
73,504
990,720
73.954
Mobile, A la...
11,168
New Orl’ns.La 1,883.612 13,701,288 21,863,950
Newp*t News.
6,576 2,152,023
122,849
New York.N.Y 45,810,448 4=3,587,609 521,448.277
198,426
15,727
Niagara, N.Y..
3,055,425
Norf’k,Va.,&c.
3,999 2,734,008
42,716
1,843
Oregon, Oreg..
123,935
105,207
94,214
Oswega’ie.NlY
75,505
1,804.360
159,278
12,584
Oswego. N.Y..
2,581,315
11,810 „ 232 ,556
Pensacola, Fla
128,600
Philadel’a, Pa. 4 ,414.714 5,007,185 6 2 ,438,219
Portld.&c.Me.
404,497
51.828
739,084
40,983
923,257
Puget S’d.W a.
566,401
2,203 1,421,274
Richm’nd, Va.
28,403
240,085
St. Louis,Moa.
8 ,083.354
San Fran., Cal. 4 ,2 25,129 4,978,681 53,325,982
62,847 4 ,761,903
Savannah, Ga.
472 ,386
361,208
308,452
4,973,710
Vermont, V t..
102,701 1,220,148
Willamette,Or
1,350,422
24,832
.996 ,8 7 5
Wllmt’gn, N.C.
204,145
Totals, (in
cluding al
oth’r liists.)
1890.
Expo
rts
12 months endino
Dec. 3 1 .
1891.
1890,
$
15,339,812
»
79,517,791
*
72,174,492
e e ;o 5 8 ,o 5 o
7,326
5,744,869
3 ,792,302
836,626
15,096,112
2,350,217
2,549,112
2,911,391
4 5,187
476,267
2,575.263
872 ,749
1,300,755
117,571
15,833,984
76.240
540 ,330 ,21 2
3 ,940,155
95,082
134,402
1,789,140
3,716,924
86,945
56,057,011
681,797
365,915
68,160
3,590,792
45,594,125
405,817
6,087,000
1,048,891
156,080
81,759,655
6 ,216,366
666,812
2 ,619,052
21,906,076
3 ,923,160
72,500,847
7,506,279
575 ,585
1,847,622
15,204,751
1,941,737
4,299,765
6,492,709
2,079,174
38,183,661
7 ,645,125
44.000
452,251
115,101,451
14,554,611
887,132,963
111,245
15,286,407
1,219,762
1,764.831
1,554,181
2,853,106
43,042,921
2,874,062
7 ,489,313
7 ,742,451
3 ,3 08.547
5 .422.988
1.629.832
28,030,004
9,973,945
10,481
1.732,240
3,571,646
104,182,327
8.333.833
347.647,364
b 48,993
15,090,994
757.389
2,108,037
1,614,378
4.401,904
36,661,567
2,2 9 8 ,5 8 3
4,021,696
7,925,712
48,557,881
29,463,741
3,398,946
7,195,875
6,751,386
85.819,236
30,947,328
2,701,941
3,408,880
8 ,011,193
6 9 ,444,655 119932532 828 ,312 .64 6 823 ,397 ,72 6 970 ,506 ,28 2 857.502,548
R em aining in warehouse December 3 1 ,1 8 9 0 ......................... $39,179,858
[
Remaining In warehouse D ecem ber 3 1 ,1 8 9 1 ........................... 29,334,456
I «I n te r io r ports to w hich merchandise can be tra n sp orted w ithout
'appraisem ent, under act o f June 1 0 ,1 8 8 0 .
| b Incom plete, in the absence o f law providing the means o f collecting
the statistics o f exports to adjacent foreign territory b y railroad cars
'a n d other land vehicles.
The trade of this country during 1891 was, upon the whole,
better than at the outset the most competent observers were
prepared to expect. The Baring crisis left behind it general
distrust and apprehension, while by restricting the credit
facilities formerly given by London to merchants abroad it
threatened to disorganize some of our most valuable business.
The break-down in South America made it impossible for the
South American States to continue buying our goods as freely
as before, while the distrust generated by the Baring crisis led
investors here to fear that our colonies were borrowing too
rapidly, and therefore checked colonial raising of money in
London, and consequently somewhat restricted colonial trade
with the mother country. The financial difficulties of Portu
gal, Spain and Italy were so great that they seemed likely to
lead to a crisis. And later in the year the failure of the crops*
in Russia and the deficiency all over Western Europe made it
probable that our whole Continental trade would materially
suffer.
As a matter of fact there has been a falling off in our ex
ports, as the Board of Trade returns for December and the
whole year 1891 clearly prove ; but the falling off has by no
means been as great as at one time seemed probable. The
total value of the exports of British and Irish produce and
manufactures was in round figures 247% millions sterling
against 268% millions sterling in the year before, a decline of
16% millions sterling, or nearly 6% per cent. The decline
has been chiefly in metals and manufactures therefrom and in
yarns and textile fabrics of all kinds. Thus in these tw e
classes the value of the exports for the past year shows a fall
ing off of about 12% millions sterling out of a total decrease
of 16% millions. The break-down in South America largely
accounts for the falling off in our exports of metals and man
ufactures therefrom, and the McKinley Tariff and the fall in
silver account for a great deal of the decrease in textiles. The
McKinley Tariff has caused our woolen exports to the United
States to shrink greatly, while the fall in silver ha3 disorgan
ized the Indian trade and therefore led to a very considerable
shrinkage of the cotton exports to India and the Far East
generally. On the other hand, the value of our imports ex
ceeds 435% million s sterling against about 421 millions ster
ling in the year before, an increase of nearly 15 millions ster
ling, or about 3% per cent. The increase largely consists of
cereals, and prices being higher there is a greater augmenta
tion in values than in quantities. But there has also been a
very considerable increase in the imports of the raw materials
of manufactures, especially textiles.
But while our foreign trade has undoubtedly suffered, as
these figures show, the home trade has been good. There aro
unfortunately no statistics like the returns of the Board o f
Trade to enable us to show this conclusively, but such evi
dence as exists nearly all points in the same direction. It is
no doubt true that there is a great falling off in the Clearing
House returns for the year. The total amount of the clear
ings was £6,847,506,000, a decrease of 953% millions sterling,
or about 12 per cent compared with 1890. But by far thegreater part of this decrease is due to the smaller business on.
the Stock Exchange. Thus on Stock Exchange pay-days the
clearings last year were 349 millions, or 25 per cent less than
in the year before, and on Consols pay-days, which it will be
recollected occur only once a month, and are different from
the ordinary settling days,the falling off was nearly 44 millions»
or about 12 per cent. On the other hand, the traffic return»
of seventeen of our principal railway companies show an in
crease for the year of £956,000, or nearly 1% per cent. It ia
to be borne in mind that this is an increase over an increase in
1890 of 3% per cent, which itself was over an increase in 1889
of 5% per cent. That again was over on increase in 1888 o f
over 2 per cent, which lastly was an increase over 1887 of
nearly 1% per cent. For five years in succession, it will thus
be seen,the railway traffic returns have increased; and though
last year the increase was much smaller than in the two years
immediately preceding and somewhat smaller than in 1888,
je t it was larger than the increase of 1887 over 1886. The
fact that the railway companies did a larger business at the
very time when our exports were falling off seems to show
that the home trade was very large in volume. The same
conclusion is also pointed at by the fact that wages have been
well maintained and that pauperism has actually decreased.
J
a n u a r y
30, 1892.J
THE CHRONICLE.
187
middling American in Liverpool for the whole year was
4 ll-16d. per lb., while the previous year’s average was 6d.
East Indian cotton has fallen into neglect. The last crop was
small, and the stock in Liverpool is now exceptionally small.
The price of good fair Dhollerah has fallen to 3 7-16d. per lb.
and fine Broach has fallen from 5d. to 4%d. On the other
hand Egyptian has been in fair demand. At one time good
factory.
fair Brown was as high as 6%d., but it closed at 5 l-16d. per lb.
The decrease in pauperism is all the more remarkable be
The wool trade has also had a difficult year to face. There
cause of the unfavorable character of the year from an agri
was an enormous increase in the wool clip, both colonial and
cultural point of view. The winter of 1890-91 was the longest
Argentine. In round figures the augmentation amounts to
perhaps of the present century. Roughly, it may be said to
have lasted from the middle of November to the middle of 369,000 bales, or about 18 per cent. On the other hand, the
May. The cold was unusually severe and the drought was various influences referred to above, and more particularly
exceptional. Farmers therefore suffered much, not only the McKinley Tariff, seriously checked exports. The value of
from the difficulty of getting in their crops, but from the still the exports of woolens from the United Kingdom to the
more serious embarrassment of finding food for their cattle. United States fell from £4,800,000 in 1890 to about
Feeding stuffs were scarce and dear, and large numbers of £3,000,000. The figures for Continental countries are
vet known, but
some
months ago it was
farmers had to sell their beasts at exceedingly unremunera- not
tive prices. Genial weather at last set in towards the end of reported that owing to the obstacles interposed by the
May, and June was as favorable as could be desired; but July McKinley A ct one-third of the mills in some of the
and August were wet and cold, and except for about ten days most important industrial centres of Germany were standing
early in September there was no weather during the year that still. It is complained by those who are engaged in the trade
can be described as summer-like. A bad seed-time was thus that the McKinley Act injured the industry not merely by
followed by a bad harvest-time, and the result has been dis closing so great a market, but also by stimulating the Amer
astrous for a great part of Europe. In Russia millions of acres ican demand for wool. Thus, while the manufactured article
o f both wheat and rye were utterly destroyed, and the conse was in excess of the demand, American bidding for the raw
quence is a terrible famine. Throughout the rest of the Con material put up the price and so narrowed prejudicially the
tinent, with the single exception o f Italy, the crops have all margin of profit. Over and above this, it is to be recollected
been bad, and they have been very bad-more particularly in that the good years preceding 1890 had led to a very consider
France. Yet if the preliminary statistics issued by the able increase in machinery upon the Continent and more par
Department of Agriculture are to be trusted, the yield in the ticularly in Germany, and that when bad times came the ex
United Kingdom of all kinds of crops has been very large. cessive means of production told heavily upon the industry o f
According to those statistics, the wheat yield was 31% bushels the whole world. The average value per bale for 1890 was
per acre on an average, being an increase of half a bushel about £14 15s ; last year the average was only £13 10s.
Perhaps the strongest evidence that can be adduced of the
per acre compared with the year before, and an increase of
great
magnitude of the trade done last year and of its fairly
about a bushel and a quarter compared with the average of
the preceding eight years. The barley average was about 34% satisfactory character i s afforded by the coal industry. A ll
bushels, against 35 bushels in the year before, whereas the through the year the price of coal was well maintained and
average for the preceding eight years was only 33%. The wages hardly changed. Since the year ended it is true that
oats yield was 38% bushels, against nearly 41% the year the miners in South Wales have agreed to a revision of the
before; but then the average for the preceding eight years sliding scale; but throughout 1891 wages were maintained,
was under 38 bushels. All the three principal crops were which is the more remarkable bearing in mind how great the
thus larger than the average of the eight preceding years, and rise was in 1889 and 1890. In fact, the average wages of coal
wheat was very much larger. Furthermore, the price of miners at present is over 46 per cent higher than it was in the
wheat has been decidedly higher than the year before. The year 1879. True, 1879 was a year of extreme depression in
average price in the principal markets of England and Wales every branch of trade; still, so great a rise maintained in such
for home-grown wheat was for 1891 37s. per quarter and for a year as the past is worthy of note. The high price of coal,
1890 31s. lid . In barley there is not much change ; but the by keeping up the cost of the manufacture of iron and steel,
average for oats was 20s., against 18s. 7d. the year before. adversely affected those great industries. They were further
Wheat in fact was higher last year than since 1883. In this depressed by the McKinley A ct and by the break-down in
country, however, cattle farming is much more important South America. For several years previously the South
than tillage, and cattle farmers have suffered, owing to the American demand, and more particularly the Argentine de
long winter and the consequent cost of fattening, and owing mand, for railroad iron and steel had been very large. When
also to the great increase in the imports of frozen mutton. Argentine credit disappeared the demand fell off enormously;
Upon the whole the prices of fat cattle were a little higher in and the civil war in Chili, together with the second revolution
in Brazil, also had a prejudical effect. During the first half
1891 than in 1890, while those of sheep fell heavily.
The cotton trade all through the year has been in an un of the year the American demand for tin plates continued very
satisfactory condition, owing partly to the large crops coming active. The shipments during that period amounted to 263,225
two years in succession, and partly to the falling off in the tons, a monthly average of nearly 44,000 tons. In the second
half of the year the exports to the United States fell off to
demand for India and the Far East generally. In 1890, owing
to the rise in silver there were enormous exports of cotton 61,920 tons, a monthly average of only 10,320 tons. The price
piece goods to the Far East, and furthermore there was a fell from 17s. 6d. at the beginning of the year to 13s. at the
'
wild speculation in the Straits Settlements and in China, in end of June.
The production of pig iron during the year was 7,250,000
mining and industrial ventures. Partly owing to the reaction
from the great activity of the year before and partly to the tons; the exports were 840,733 tons, leaving for the home
fall in silver, and partly also no doubt to the consequences of consumption 6,409,267 tons. There was a decrease at the
the speculation, the demand of the Far East fell off last year. same time in stocks of 143,141 tons, so that the home con
At the beginning the price of middling American at Liverpool sumption exceeded 6% million tons. The stocks in makers’
was 5%d. per lb., and for about three weeks the market was hands and in public stores git the end of the year were a
well supported and the purchases of manufacturers were on a million and a quarter tons, against 1,333,000 tons at the end of
very large scale. Then it came to be recognized that the the previous year. The pig iron trade was greatly disturbed
American crop was the largest that had ever been raised, and during the year by bull and bear operations. About the mid
that the Indian and Chinese demand would probably not keep dle of 1890 a fear sprang up of a great strike of the furnaceup. Prices not only of the raw material, but of the manu men in Scotland, and in fact the strike occurred in October
factured article as well, declined therefore till July, when and lasted till February of last year. Nevertheless bear sales
middling American touched 4%d. per lb. For the next three forced the price down from 54s. to 47s. per ton, and after
months manipulators attempted with some success to control the close of the strike there was a further fall to 42s. per ton
the market, but then another fall began which has continued in April. Certain great operators in London seeing this
ever since, with the result that the price of raw cotton is quietly bought up almost the whole of the Scotch warrants
lower now than it has been since 1848, and the accumulated and in May called for delivery. The price then rapidly rose
stock in Liverpool is enormously great. The average price of to 59s. per ton. In June there was a reaction from 59s. to
there being fewer paupers at the end o f 1891 than at the end
of 1890. There are complaints indeed that while the volume
of trade was very large profits were small, and there can be
no doubt that in some important industries the complaints are
only too well founded. Still, taking the whole commerce of
the country, the year would appear not to have been unsatis
188
THE CHRONICLE.
46s., indicating that the “ bears * were worsted and had had to
accept the conditions imposed by the “ bulls.” Since then
the price has been fairly steady at about 47s.
Shipbuilding has again been surprisingly actively in the past
year. For two or three years previously the construction was
bo arge that twelve months ago everyone was looking for a
great decrease, especially as freights had fallen heavily and
n ew orders had ceased to come in. As a matter of fact,
however, the construction was very nearly as large last
year as the year before, new orders having been placed
uring the late spring and early summer in very large
IWo l . L I Y ,
the year. After a while they found it necessary to convert
their busmess into a limited liability company, and to ràiàë
am0antmg to a minion sterling. It was hoped
that then everything was arranged, but before tbe year was
out the business had to be amalgamated with the South Ameri
can Trust and it is understood that an assets realization com
pany is also to be constituted. For a long time rumor made
tree with other important names ; but generally it came to be
recognized that the rumors respecting these were unfounded;
that whatever the liabilities might be the assets were far more
than sufficient to meet them, and that in fact there had been
The actual output was 1,209,904 tons against much greater prudence exercised than had been supposed.
l , '¿»7,077 tons the year before. At all the great centres there
Gradually, therefore, confidence was beginning to revive
was a falling off; that is to say, on the Clyde, the Tyne, the
when a new shock was given by the announcement that the
lees, the Wear, the Thames and the Mersey; but there was a
Messrs. Rothschild o f London and Paris and Messrs. Bleichconsiderable increase at Belfast, Londonderry, Barrow and
roder of Berlin, who had been negotiating with the Russian
•Hartlepool, and also in the Government dock-yards. Messrs.
Government to bring out a large Russian loan, had with
Harland & W olff of Belfast built the greatest amount o f ton
drawn from the negotiations and in fact refused to
nage, having turned out during the year very nearly 65,000
have anything to do with the issue. It was eveh
* 0 o - 0f Hartlep° o1
» « * , with about reported that the Russian Government, resenting what
«hi™0 t N S; ° f thJe.Tess' Is 784 were steamers and 209 sailing was
understood to be an attempt
on the part
shps. Not only did the Government dock-yards greatlv inof the leading Jewish houses of Europe to put a stop to the
private yrrds0nStrUCti0n’ ^
alS0 fa r W r a t persecution of their co-religionists in Russia, had resolved to
take away from the Messrs. Rothschild its financial agency,
The money market fluctuated very frequently and very
and that as a consequence immense sums would be withdrawn
crisb?7 anng tbe year, as was to be expected after such a from Western Europe. Foreign government securities were
ra. *
year opened with a 5 per cent Bank of England sold in immense quantities, the sales being generally attributed
r«fp
dlSC0,unt’ but by tbree successive steps in January the to the Messrs. Rothschild as a preparation against the action of
midH]aSfre.d uc®d
3 Per cent>at which it remained till the the Russian Government, and there was a heavy fall in all de
middle of April, when again by three successive steps it was
partments of the Stock Exchange. The Russian Government,
raised once more to 5 per cent in the middle of May. In June
however, on reflection, felt that it would injure itself more
it I n SfPUo ^ ° T by tw° successive steps to 3 per cent | in July than the great Jewish houses if it were to attempt any act of
4
September and October it was raised to reprisals. It continued its financial agency therefore with the
.an d finally in December was put down to
per cent.
Messrs. Rothschild and decided not to withdraw gold. Just
m
du“ DS: the tvreIve months there were no fewer than before, it had become evident that the unusually prolonged and
twelve changes m the Bank rate of discount. Partly the
severe winter had injured the crops upon the Continent be
fluctuations were due to the discredit and distrust which
yond all possibility of complete repair, while the crop pros ■
W d S°
mainly th6y W6re the s e q u e n c e o f the pects in the United States were unusually favorable.
would ldthll 8
g d’ and 6Specially of a fear that Russia Therefore speculation in the American market sprang
ould withdraw immense sums from time to time. Verv
up here and prices were carried upwards very rap
rareiy however, was the Bank able to make its rate effective.
idly when the quarrel between the Russian Govern
Bank rmfP e/ a!b m ^ ° Pen market was mucb below the ment and the Messrs. Rothschild occurred and the market
the summer, for example, when the Bank rate broke even more suddenly than it had recovered. For a
as raised to 5 per cent the Governor of the Bank of England
couple of months all departments of the Stock Exchange
S ^ w h a f w , With *hV oiat-stock banks aad laid before were lifeless and depressed. Rumor began once more to
hat were understood to be very strong and urgent make itself busy with the names of important houses, and
But w
i C,°:°peratiDg with bim in
the rate effective predictions were freely circulated that embarrassments could
But he failed to persuade the joint-stock banks, and within j
not be long concealed. These rumors, however, aLo came to
J
J t.
t
For i
° f f nigland rate had to be ^ ^ c e d to 4 per an end, confidence once more revived, and there was another
cen
For the whole year the average rate o f dis spurt of activity in the American market during August and
count at the Bank of
England was £3 6s 3d
September. It died away, however, notwithstanding the
agamst £4 10s. 4d. in 1890 and £8 Us. Id. i n ' 1 W
fact that the American crops were even better than the most
v i t t Verage ^wte’ f WiU be seen’ was lower last year sanguine had hoped, while the crops in Europe were worse,
y ar than in either of the two preceding years—that is, while there being actual famine already in Russia.
Crf Swas being rapidly prepared. The average But in spite of the famine the Russian Government suc
tate of discount mthe openmarket last year was £2 10s. 7d. ceeded in arranging with a syndicate of bankers in France
a“
S mUCh aS £3 14s< ° d- the year before and £2 13. 2d. in for the issue of a loan o f the nominal amount of 20 millions
1889. The open market rate, as well as the Bank rate, it will
sterling at very nearly 80 per cent. Two German bankers
be seen, was lower on the average than in either 1889 or 1890. at first joined the syndicate, but so strong was the out
R ich e r, the figures quoted show how little control the Bank
cry in Germany that they had to withdraw, and the whole
o
ngland was able to exercise over the open market during
Jewish community throughout Europe also shòwed its hostili
the past twelve months, the average Bank rate having been £3 ty. It was thought that the enthusiasm in France for the
os. da. and the average open rate only £2 10s. 7d.
Russian alliance would overcome all obstacles and that the
As a matter of course distrust and apprehension continued loan would be a great success. A t first, indeed, it was said
Tv*0*!?*]11? 6 ? ter theBariDg crisis- It was naturally sup that it had been covered between seven and eight times, but
posed that when the greatest of all the houses that had been
soon it turned out that the figures were misleading, that in
interested m Argentine affairs broke down so completely fact the bulk of the subscriptions came from the banking
weaker houses would not be able to weather the storm. They
houses interested. Hardly had the subscriptions been opened
m all probability, it was argued, had not acted with greater
when the price of the new stock began to fall. It fell rapidly,
foresight, and beyond all question they had lesser resources
and with it other Russian securities, and then the whole for
Therefore alarmist rumors continued to circulate very nearlv
eign market gave way. For a little while an utter panic
throughout the whole of the first half of the year. Those
seemed inevitable, when the Russian Finance Minister came
rumors made most free with the name of Messrs, de Murrieta
to the rescue o f the market and agreed to take back from the
& Co., the second greatest o f the houses interested in Argen
syndicate two-fifths of the loan which the syndicate had
tine affairs and also the second in the number and amount of
bought from him. A soon as this was done, the syndicate, re
South American issues brought out. It was known that
lieved of a load that threatened to crush it, and assisted by the
Messrs, de Murrieta were very seriously embarrassed. They
Russian Finance Minister, turned upon the “ bears,” whom it
Jiati, unfortunately for themselves, guaranteed Several rail succeeded in cornering, and the recovery in prices was almoét
road contractors, and the guarantees at the time when their as rapid as the fall had been.
credit suffered pressed heavily upon them. Therefore
Since that event the foreign market has been wonderfully
they had to get assistance more than once during
steady, though every now and then we have warning that thé
BANK OF ENGLAND RATE OF INTEREST.
1883.
Jau. 1 to Jan.
Jan. 24 to Feb.
Feb. 14 to Feb.
Feb. 28 to M ay
M ay 10 to Sept.
Sept. 13 to Sept.
Sept. 27 to D ec.
Jan.
Feb.
Mar.
Apr.
June
Oct.
Öct.
Nov.
J a n .........
F e b .........
M arch ...
A p r i l ___
M a y .......
J u n e -----J u l y .......
A u g .......
S e p t .......
O o t .........
N o v .........
D e o .........
4 6 78
44 k
44k
45
437s
45 k
44k
44 k
46
463s 45 k
4 6 k 451x6
45&16 4434
45
4 4 ij6
441x6 4 3 k
43 k
44 k
48k
46k
Y e a r ....... 48 k
43 k
d.
d.
d.
44k
44
4 3 78
457xe
47
47%
4 9 3xe
52k
531,6
4911x6
47k
48 k
d.
44 k
4311x6
43 k
4 3 78
46
46 k
47916
504»
50
48k
45
47k
451X«
54k
4311,6 '4711,6 4438
4116,6
38
35
20
78
112
20
7
56
days
days
days
days
days
days
days
days
Y ear’s a v era g e... 3-30 366 days,
5
4
3k
3
2k
3
4
5
6
9 days
14 days
7 days
77 days
112 days
21 days
28 days
95 days
2 days
3-56 365 days
6
5
4k
4
3k
3
4
5
4
6
6
5
50 days
14 days
7 di&s
28 days
7 days
70 days
35 days
21 days
35 days
43 days
27 days
28 days
4-52 365 days
5
4
3k
3
3k
4
5
4
3
2k
3
4
3k
7
14
7
77
21
7
21
14
14
81
35
42
22
days
days
days
days
days
days
days
days
days
days
days
flays
days
Y ear’ s average___ 3*32365 days
42 Ja
4 2 l„
423l(
42k
42Ja
4215 6
4315 «
44
„
•
L-
£
Jan. 7 .. 25,1
“ 1 4 .. 24,7
« 2 1 .. 24,2
“ 2 8 .. 24,0
Feb. 4 .. 24,3
“ 11.. 24,1
“ 1 8 - 23,9
% 2 5 - 23,6
Mar. 4 — 24,2
“ 1 1 - 23,9
“ 1 8 - 23,8
“ 2 5 - 24,7
Apr. 1 - 24,9
“
8 - 25,0
« 1 5 - 24,8
“ 2 2 - 24,5
“ 2 9 - 24,9
May 6 - 25,0
« 1 3 .. 24,9
“ 2 0 - 24,6
« 2 7 - 24,6
June 3 — 25,0
“ 1 0 - 24,3
« 1 7 .. 24,9
« 2 4 .. 25,5
July 1 - 26,5
8 - 26,5
“ 1 5 - 26,5
“ 2 2 - 26,2
« 2 9 - 26,3
Aug. 5 — 26,8
«♦ 1 2 - 26,5
“ 1 9 - 26,2
« 2 6 - 25,9
Sept. 2 - 26,1
«
9 - 25,7
« 1 6 - 25,5
“ 2 3 .. 25,3
“ 3 0 - 26,2
Oct. 7 - 26,2
“ 1 4 - 25,9
« 2 1 - 25,9
“ 2 3 - 25,4
Nov. 4 — 25,7
“ 11-- 25,4
“ IS . 25,2
“ 25. 25,0
Dee. 2. 25,4
«
9 . 25,1
« 16. 25,1
“ 23. 25,6
24.3
26,2
27.1
27.8
28.2
28.3
27.1
26,0
27.0
27.2
27.2
27.1
26.8
26.6
26.3
26,6
26.3
25.6
25.1
23.7
23.2
22.8
22.2
21.9
22.9
23.1
23,8
23.7
23.8
24.4
23.2
Reserve ol
Notes
and Coin.
« la
i
3o ö
Other.
S ecurities .
G oy’t.
__
D e p o s it s .
1
1891.
d.
4211,6 4238
42k
42 k
42 k
42 k
42 k e 421,6
42 k 4115,6
423 xB 42
425-l6 42
429,6 4 2 k
4211,6 423a
42 k
43 k
443s 43 k
443s 4 3 k
4478
44 k
443¿
48
47 k
19
5078
54 k
54k
51k
48k
49k
3
3k
3
2k
2
3
4
5
days
days
days
days
days
days
days
day s
days
days
B A N K O F EN GLAN D IN 1 8 9 1 . — [ 0 0 , 0 0 0 8 O m i t t e d . ]
High. Low.
4715lfl
45»ts
44I&1 a
44 k
44k
45
46
457x6
45
449lfi
4 3 il16
43 k
terest for the past nine years :
d.
7.
13.
2.
19.
9.
29.
5.
31.
4
12
7
3k
23
3
28
2k
2
56
23
3
63
2k
35
3
i 21
4
88
5
is tne la o ie , m u u e up u u m m o
of the Bank of England, and showing its position as regards
bullion, reserve, deposits, etc., on each Thursday of the year:
1889.
High. Low. Aver.
1884.
1 to Feb.
7 to Mar.
13 to Apr.
2 to June
19 to Oct.
9 to Oct.
29 to Nov.
5 to Dec.
1883.
1 to Jan. 12.
12 to Jan. 19
19 to Feb. 16.
16 to Mar. 15.
15 to May 10
10 to Juñe 7
7 to Aug. 9
9 to Sept. 13.
13 to Oct. 4.
4 to Dec. 31.
A ppended
Sil v e r .
d.
days
days
days
days
days
days
days
Y ear’ s average. . . . 3*34 365 daysl
PRICE OP SILVER FOR THREE TEARS.
High. Low. Aver.
24
21
14
71
126
14
95
1889.
1 to Jan. 10
10 to Jan. 24
24 to Jan. 31.
31 to Api. 18
18 to Aug. 8
8 to Aug. 29
Au§
29
to Sep. 28
AU£
366
days
Y ear’s a v e r a g e .... 2-96
. 26 to Dee. 30
30
to Dee. 31
1885.
29 days
Jan. I t o Jan. 29. 5
Y
ear’s
average—
49fdays
Jan. 29 to Mar. 19. 4
49 days
Mar. 19 to May 7. 3 k
1890.
7 days
M ay 7 to May 14. 3
14 days Jan. 1 to Feb. 20.
May 14 to May 28. 2 k
168 days Feb. 20 to Mar. 6
M ay 28 to Nov. 12. 2
35 days Mar. 6 to Mar. 13.
N ov. 12 to Dec. 17. 3
14 days Mar. 13 to Apr. 10
Dec. 17 to Deo. 31 . 4
Apr. 10 to Apr. 17.
Y ear’s average.. . . 2*92 365 days Apr. 17 to June 26
June 26 to Ju ly 31
July 31 to Aug. 21
1886.
21 days Aug. 21 to Sept. 25
Jan. I t o Jan. 21. 4
25 to N ov. 7.
27 days
Jan. 21 to Feb. 17. 3
78 days Nov. 7 to Deo 4
Feb. 17 to M ay 6. 2
35 days Deo. 4 to Deo. 31
M ay 6 to Juñe 10. 3
77 days
Juñe 10 to Aug. 26. 2 k
Y ear’s average—
56 days
Aug. 26 to Oet. 21. 3 k
56 days
Oct. 21 to Dec. 16. 4
1891.
15 days
Dec. 16 to Dec. 31. 5
Jan. I t o - Jan. 8
Y ear’s average.. . . 3 0 5 365 days Jan. 8 to Jan. 22
Jan. 22 to Jan. 29
Jan. 29 to Apr. 16
Apr. 16 to M ay 7
1887.
34 days May 7 to M ay 14
Jan. 1 to Feb. 3. 5
35 days May 14 to June 4
Feb. 3 to Mar. 10. 4
14 days June 4 to June
Mar. 10 to Mar. 24. 3 k
21 days June 18 to July
Mar. 24 to A pi. 14. 3
14
days July 2 to Sept. Api. 14 to Api. 28. 2 k
98 days Sept. 24 to Oct. 29
ApL 28 to Aug. 4 . 2
28
days Oet. 29 to Deo. 10
Aug. 4 to Sept. 1. 3
121 days Dec. 10 to Deo. 31
Sept. 1 to Deo. 31. 4
some other Continental countries and Japan.
In the table below will be found a valuable (
the highest, lowest and average price of silver f
twelve months of 1889, 1890 and 1891:
1890.
5
4
3k
3
4
3k
3
Rate Number
per of days.
cent.
Year.
Jan.
Jan.
Jan.
Feb.
Mar.
May
June
Aug.
3 57 365 days Sept.
Oct.
24.
14.
28.
10.
13.
27.
31.
Y ear’s average
6% millions and France over 5% millions sterling.
The imports of silver during the year amounted to £9,316,000 and the shipments to £13,114,000. Over 4 millions sterling
therefore more than received were exported. The price of ba]
silver in London opened at about 48%d. per ounce anc
closed at about 48%d. The average price for the year was
45 l-16d. per ounce. Owing to the large imports of the previ
1891.
Rate Number
per o f days.
cent.
Year.
Note Circu
lation.
steadiness is deceptive and that at any moment we may find
ourselves face to face with a crisis. Thus the alleged -state
ment of the Emperor of Austria to some Polish delegates that
the danger of war with Russia was so great that the Govern
ment must have control of the Galician railways caused a
scare on the Vienna Bourse. Similarly the other day an in
credible rumor that a French naval officer had threatened to
fire upon British sailors if the latter were landed at Tangier
to protect the lives and properties of British subjects very
nearly caused a scare on every bourse and Stock Exchange in
Europe. Still the foreign market has closed fairly steady.
Upon the whole, however, the year has been very unprofitable
to the Stock Exchange. There has been no recovery in South
America ; on the contrary the civil war in Chili has weakened
the credit of that coup try and wasted its resources. The im
policy of Marshal Fonseca’s Government in Brazil and the
revolution which overturned it have also weakened the credit
of Brazil, while there are serious fears of the secession of
some of the provinces; and nobody doubts that the wild
speculation of the past two or three years must end, if not in
a sharp crisis, at all events in a prolonged liquidation. The
credit of our colonies, too, is not quite so good as it was at the
beginning of the year. Owing to the Baring crisis, there has
been unwillingness to lend so freely as formerly, and the colo
nial governments appear to be unable to do without constant
borrowing, while India is threatened with partial famine.
The new issues during the past year were much smaller
than for several years previously, the total amounting nomin
ally to 104% millions sterling, against 142% millions in the
previous year. But in the total is included the 20 millions Rus
sian loan which was offered for subscription here, but really
was not subscribed to. The real issues therefore were only
about 84% millions sterling. A very large number of these
utterly failed, while some succeeded only by private arrange
ment with great bankers.
The movements of gold during the year have been on a large
scale. The United States sent us very large amounts and also
took considerable amounts. Germany likewise was both a
buyer and a seller, and so were several other countries. The
total imports of the metal slightly exceeded 80% millions ster
ling, against 28% millions sterling the year before. Of the
total somewhat more than 1% millions sterling came from the
United States, nearly 6% millions sterling came from Spain
and Portugal, over 8% millions sterling from Brazil, nearly a
million and a quarter from other South American countries
and Mexico, and over 2% millions sterling from South Africa.
On the other hand the shipments of gold have been about 24%
millions sterling, so that on balance we have received, it would
appear, about 6 millions sterling. The United States took
somewhat under 8% milions sterling, Brazil about a million
d.
189
THE CHRONICLE.
January 30, 1892,]
£
5.0
3.8
6.0
7.6
8,2
9.6
11,6
13,0
12,3
11,8
12,9
13.7
12.7
8,1
7.7
8.4
8,0
8,0
6,2
7.2
6.4
6.3
6.9
7.1
7.2
6.9
4.2
3.5
4.1
4.4
3.3
3.8
4.2
4.8
4.3
5.3
4.6
5.2
5.4
4.8
3.6
5.5
4.5
4.3
4.4
4.9
4.9
6,2
5.3
5.4
5.7
£
£
11.2
33.7
9,6
33.9
9,5
32.7
9,5
30.8
9,5
29,6
11,5
29.2
12,4
2->,2
12,4
28.5
11,3
29.3
11,3
29.1
11,3
29.1
11,3
29.1
11,3
28.6
11,3
30.4
11,3
29.4
11,3
28.8
11,3
28.9
11,8
28,3
9,9
30.2
9,9
31.3
9,9
33.0
9,9
33.3
9,9
33.6
9,9
34.9
9.9
34.7
9,9
35.2
12,4
37.8
12,4
37.2
12,1
36.8
11,8
35.5
11,3
35.0
11,3
34.7
10,3
33.3
10,3
32.4
10,2
32.4
10,2
31.7
10,2
31.8
10,2
31.1
10,2
31.6
12,7
31.2
12,7
32.3
12,4
30.0
12,3
29.7
12,3
29.8
11,9
29.7
10.1
27.7
9,4
28,6
10,2
30.3
10,2
29,6
10,2
30.0
10,2
29.1
£
30,1
29,5
30,4
29.6
29,3
29,6
30,0
31,2
33,4
32,3
33,2
35,2
34.7
31,7
30,6
30,1
30,5
- 30,3
32,0
32,6
31,3
29A
29,8
30,6
30,6
31,8
30,8
30,5
29,7
28,8
28,4
28,3
28,4
23,1
28,4
28,1
27,5
28,0
30,1
27,4
27.4
27,6
26,6
27,1
•26,0
28,0
26,7
23,4
2?,5
27,5
28,5
£
1
15,5
16,8
17,1
17,6
17,4
16,1
15,6
18,1
15,4
15,8
16,1
14,9
13,8
13,4
13,0
13,7
12,9
1 ¿,2
12,4
13,8
16,1
17/7
18,7
19*4
19,2
18,2
17,0
16,0
17,3
17,4
18,3
17,1
17,0 •
17,1
16,7
17,3
17,2
16,8
15,3
13,9
19,8
13,4
13,2
12,6
14.0
14,4
15,3
14,8
115,1
115,7
1 14.0
Pr.ct I
278
4
4
31*
3
3
3
3
3
3
3
3
2
13t
15a
2
2b#
2%
27a
25a
27 ¿
2k=
238
23a
3
3
2
3k 3k
3 k 338
3 k 3»ia
4
378
5
4111 «
5
5
4
4
4
3
3
2k
2 Jg
2ia
2k
2k
2k
2Ja
2s
2J«
2ia
2k
2ia
3
3
3
3
3
4
4
4
3k
378
2k
1 78
lk
ik
lk
U 8t«
ii«>xa
lk
lk
lk
lk
H 3i «
2k
2
2k|
21V«
2 78
2 78
25ia
4
3k
3k
3k
278
4
4
3k
3k
3k
1% «
1% ‘
3k
2k
2k
n o
THE CHRONICLE.
The situation of the Bank of France, as to its stock of gold
and silver, according to the last returns of each month of 1889
1890 and 1891 was as follows, stated in pounds sterling:
fVoL, L1V.
treasury bills were placed at slightly over 1% per cent. There
seemed no reason, therefore, for keeping the Bank rate at SU
per cen t; nevertheless no change has been made. On W ed
nesday and Thursday nearly £400,000 in gold were withdrawn
1891. Gold Sllv’r Total 1830. Gold Sllv’r Ti t’
1889. Gold. Sllv’r Total
2 ® Bank of EnSland for Buenos Ayres, and it is under£
£ —£
stood that about half a million sterling more will go. Prob
£
£
£
£
£
£
Jan. 29 45.3 49.7 95,0
50,0 49,7 99,7 Jan. SO 40,0 49,2 89,2 ably that is the reason why no change has been made, but it
Feb. 28 48.6 49.7 98,3
50,1 49,9 100,0 Feb. 28 40,4 40,3 89,7
Mar. 26 48.7 49.8 98.5
50,3 50,3 100,6 Mar. 28 40,5 49,4 89,9 seems inevitable that very soon there must be a reduction.
April SO 49.5 50.0 99.5 April 24 51,1 50,6 101,7
The silver market is weaker than ever. For the greater
April 25 40,5 49,5 90,0
May 28 51.5 50,7 102,2 May 29 52,2 50,8 108,0
May 31 41,3 50,0 91,3 part of the week the price has been no better than 42%d. per
June
53,1 51.1 104.2 June 26 52,7 51,0 103,7
June 27 45,9 50,1 96,0
July
ounce. A slight demand sprang up on Thursday for the Con
54.7 50.6 105.3 July 31 52,6 50,6 103,2 July 25
49,3 50,1 99,4
»Aug.
54.6 50.7 105.3 Aug. 28 52,5 50,8 103,3 Aug. 29
53,2 50,4 103,6 tinent, otherwise it seems probable that there would have been
Sept.
53.5 50,3 103,8 Sept. 25 50,7 50,4 101,1 Sept. 26
52,9 50,5 103,4 a further fall; for India is not buying and the market in New
Oct.
52.5 50,0 102.5 Oct. 30 47,7 49,9 97,6 Oct. 31
51,7 50,2 101,9
Nov.
York appears to be very weak.
53.3 50.2 103.5 Nov. 27 44,6 49,9 94,5 Nov. 28
51,5 50,0 101,5
Dec.
53.5 50.2 103,7 Dec. 26 45,0 49,8 94,8 Dec. 26 f 0,9 49,9 100,8
The stock markets have been exceedingly dull and prices
generally have given way throughout the week. One adverse
W e subjoin the usual statistical statements.
The exports of iron and steel have been as below each vea influence is the death of the Duke of Clarence and Avondale,
since 1878:
which took place at about 9 o’clock on Thursday morning.
E X P O R T S O P IR O N A N D ST E E L P R O M G R E A T B R IT A IN .
course the event has no political significance, but there is
very great sympathy for the Royal Family, and for the m o
Other
P ig Iron.
Bails.
Total.
ment business has been checked. It is understood that the
Descriptions.
Stock Exchange will be closed on the day of the funeral and
Tons.
Tons.
Tons.
Tons.
18 91.
840,773
702,: 80
1,697,882
3,241,035 that tends further to limit business. At the same time, al
1890.
1,145,268
1,(‘35,431
1.820,731
4,001,430
1889.
1,190,371
1,089,892
1,905,9)9
4,186,182 though New York has been buying freely all the stock offered
1888.
1,036,319
1,020,002
1,910,242
3,966,563 by London, the fact that prices in New York have given way
18 87.
1,158,174
1,011,779
1,973,075
4,143,028
18 86.
1,044,257
739,651
so much has added to the desire here to realize. Nevertheless
1,605,289
3,389,197
18 85.
960,931
714,276
1,455,475
3,130,682 the opinion continues almost universal that speculation in the
1 8 84.
1,269,576
728,540
1,497,439
3,496,991
18 83.
1,564,048
971,165
1,508,095
4,043,308 American market will revive before long and that prices will
18 82.
1,758,072
936,949
1,658,531
4,353,552
1 8 81.
1,480,196
820,671
1,517,458
3,820,315 advance considerably. Meanwhile disappointment is felt be
18 80.
1,632,343
693,696
1,466,055
3,792,993 cause New York has not proved as strong as was expected,
1 8 79.
1,223,436
463,878
1,196,170
2,883,484
1 8 78.
924,646
441,384
933,193
2,296,860 and because generally trade in the United States has not
18 77.
881,442
497,924
965,285
2,346,370 been stimulated by the abundant harvests.
1876.
910,905
414,556
899,809
2,224,470
18 75.
947,827
545,981
963,498
2,457,306
1 8 74.
Trade at home here is fairly good, but yet there is some un
776,116
782,665
621,741
2,487,522
1 8 73.
1,142,065
785,014
1,030,734
2,957,813 easiness. The stock of raw cotton in Liverpool is immensely
The quantities and values of textile exports from Great large, and it is said that the lawyers are fully engaged in
Britain for the last three years are given in the following table: mortgaging property to enable purchasers to carry the stock.
After a while it is expected, however, that the low price will
E X P O R T S O P T E X T IL E F A B R IC S .
_ _ ____
stimulate consumption. The woolen trade is likewise de
Y e a r ’s E xpor ts.
1889.
1890.
1891.
pressed, and so is the iron and steel trade. The market for
Q U AN TITIES.
inter-bourse securities is weaker even than it looks. A v e r y
Cotton yarn ................ lbs,
252.435.800
258.290.800
245.517.100 grave scandal in connection with the Royal Portuguese Rail
P iece g o o d s......... yds, 5,001,239,100 5,124,966,000
4,912,631,300
Jute y a m ..................... lbs.
34,179,200
34,404,400
33.192.300 way has come to light. In the summer the directors stated
P iece g ood s....... '.yds!
265.084,700
273,775,900
283,961,300 that they had a handsome surplus; now it turns out that there
Linen yarn ..................lbs.
13,944,700
15.312.600
14.849.300
Piece g oods......... yds.
180,630,200
184.039.800
159,439,200 is a very large deficit and an unwieldy floating debt. Some
W oolen yarn ................ lbs.
45,360,000
41,082,800
41,432,000
W oolen tissues........... yds.
69,154,900
56.485.600
55,941,500 o f the directors have been arrested on a charge of fraud, and
Worsted tissues......... yds.
171.653.800
172,420,500
144.604.100
V A L U E S.
the Portuguese Finance Minister, who was formerly connected
£
£
£
Cotton j arn......................
11,711,749
12,341,307
11,189,945 with the railway, has been compelled to resign because of un
Piece g oods......... . . ’ !!
51,388,273
54,159,758
52,455,34 0
Jute y a rn ..........................
409,651
386,405
342,075 authorized advances agreed to be made by him to the railway.
P iece g oods............
2,730,344
2,629,835
2,524,964 Everywhere the belief is held that this must precipitate the
Linen y a m ....................... ’
849,263
866,393
898,212
P iece goods........... ! ! . !
4,309,980
4,254,924
3,709,824 crisis which has so long been impending in Portugal. On
W oolen y a m .....................
4,341,514
4,0*6,458
3,910,288 Thursday the retiring Finance Minister boasted in the Cortes
W oolen fabrics....... " I " i
6,523,922
6,016,315
6,034,004
W orsted fa b rics...
10,626,963
10,326,254
8,714,023 that he had saved the credit of the country three times by
The complete trade figures o f exports and imports to and finding the money to pay the coupons in July, October and
from Great Britain for three years are as below:
January. There is little hope now that another coupon will
ex p o r ts and im ports .
be paid in full. Matters in Spain, too, are very grave, in spiteof
the temporary relief afforded to the Bank of Spain by the
1891.
1890.
1889.
new loan. And in Russia the famine is growing so intense
E xports.
£
£
£
Hom e products..........
that serious apprehensions are felt. Everyone, therefore, is
247,272,2-3
263,530,585
*248,091,959
Re-shipment o f imports.
61,796,593
64,349,091
64,939,775 asking how long will Paris be able to keep up prices. Ger
Total exports................ 309,068,866
327,879,676
313,031,734 many is passing through a slow liquidation and of itself can
I m ports .
do little, while in this country investors are certainly not dis
Total m e rc h a n d is e ...... 435,691,279
420,885,695 * 427,210,830
posed to buy foreign government stocks. Everything, there
E xcess o f imp, over exp. 126,622,413 | 93,006,019
114,179,096 fore, depends upon the great French banks. W ill their com
-r>_
totals are exclusive o f the exports and im ports b v th « p Qr„ „i
bination last and will they be able to find the means of pre
Post. In the year 1889 the value o f such e x oorts was £S S s qq «
such im ports in 1889 were valued at £374.612
* S 8 o ,938, w hile
venting a crisis ?
It is announced that the new Cape Government Railway
will be opened on the 20th of next month to a point within 150
miles of Johannesburg, the centre of the principal gold mining
[F r o m o u r o w n c o r r e s p o n d e n t. J
district in the Transvaal, and that about the end of April a
L o n d o n . Saturday, January 16, 1892.
further extension will be opened, bringing the line within 35
Up to Wednesday it was very generally expected that the i
miles of Johannesburg. As soon as the railway is completed
directors of the Bank of England would reduce their rate of '
the mining companies will be able to import machinery at a
discount. Money in the outside market is so plentiful that ’
reasonable charge. The cost, therefore, of setting up and
although the fortnightly settlement began on Tuesday, it was 1
working machinery will be immensely reduced, and it is con
difficult at times to lend on any terms. On Tuesday morning
sequently considered probable that before very long there .will
the bankers began by asking 3 ^ per cent for loans to the ,
be a marked revival in the South African market. Further
Stock Exchange, but it was soon found that that rate could
more, Baron Oppenheim, of Paris, who some time ago got im
not be obtained, and in general the loans were fixed at from 3 ’
portant railway concessions from the Transvaal Government,
to 3J^ per cen t; later in the day sometimes as low as 21£ was
has succeeded in raising in London and Paris the money re
accepted. The discount rate in the open market is weak at
quired. It seems, therefore, that we are about to witness a
per cent, and on Monday a million and a half sterling o f
great development of railways in South Africa.
Slouetartj=ffiomracrciaX ^njjlish. g.e»B
A t the half-yearly shareholders’ meeting of the Union Bank
of London, one of the greatest of our banks, the chairman
stated that he had had an interview with Mr. Lidderdale, the
Governor of the Bank of England, who repeated his belief
that unless there are serious unforeseen political complica
tions in South America, the guarantors of the Baring estate
will not be called upon to make good any part of the guaran
tee. It will be recollected that according to the last statement
issued by the Bank of England of the Baring assets and liabili
ties, the liabilities were then reduced to somewhat less than
8% millions sterling, of which slightly over 7 ^ millions were
due to the Bank; of England. Money at call and remittances
shortly expected would enable the whole of the debts due to
others than the Bank of England to be cleared off, and it is
believed that the money has been received and that those lia
bilities have now been discharged; therefore, the only liabili
ties remaining are 7% millions sterling due to the Bank of Eng
land. Against this sum nearly 2 millions, consisting of the
private property of the partners in Baring Bros, and of debts
due from several Governments, are understood to be thoroughly
good. If so, the debt due to the Bank would be reduced to
about 53^ millions, and to cover this sum there are assets,
chiefly Argentine and Uruguayan, which were valued on the
81st of October, 1890, at a trifle over 9 millions sterling.
None of our great railway companies have yet announced
their dividends. The smaller companies which have made
announcements generally show reductions compared with
twelve months ago, but not very great reductions.
The wheat market continues dull, the receipts from abroad
being immense.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c,,
compared with the last three years :
Circulation............... ...............
Public deposits...........................
Other deposits..........................
Government securities.............
Other securities.........................
R eserve.....................................
Coin and bullion........................
Prop, assets to liabilities.per ct.
Bank rate........................per ct.
Consols 2-M per cent..................
Clearing-House returns..........
191
THE CHRONICLE.
J a n u a r y 30, 18i>2.J
1890.
1889.
1892.
1891.
Jan. 15.
Jan. 16.
Jan. 14.
Jan. 13.
£
£
£
£
25,312,360 24,687,560 24,145,405 23,845,010
3,754,260
5,383,485
5,357,841
5,855,309
30,999,041 33,948,839 24,760,045 26,604,389
9,582,278 15,766,104 16,225,949
12,561,858
28,556,967 29,531,712 21,863,252 20,192,115
13,892,253 16,799,162 10,713,463 13,173,439
22,754,613 25,016,722 18,658,868 20,818,449
35%
44 5-16
37J6
4194
6
4
4
314
97 5-16
100%
95 11-16
97 1-16
109,918,000 163,679,000 172,748,000 163,185,000
Sat.
42916
9578
95 78
95-4213
121
9634
8278
111%
125
80
73
118
32%
109%
5178
693s
57%
21%
4 8 7s
31
IM P O RT S.
1891-92.
1890-91.
1889-90.
1888-89.
W heat................. owt. 31,590,804 23,818,623 22,297,287 25,142,917
B arley.................1 .... 10,711,733 10,573,841
7,656,991
9,325,259
Oats.............................. 5,994,311
5,058,806
5,436,520 6,805,711
P eas.............................. 1,253,184
737,455
671,404
823,302
B eans........................... 1,542,421
1,157,094
1,384,228 1,039,695
Indian co rn ................ 7,086,386 10,672,310 11,021,468 8,581,271
F lou r............................ 6,480,358
5,433,497
6,546,902 5,988,357
4.685—
The N ational B ank o f Anderson, Ind. Capital, $100,000*
Jam es W. Sansberry, President; John L. Forkner, Cashier.
The First N ational Bank o f E verett, Washington. Capital,
$50,000. A dolphus F. M cClaine, President; John Frederick
Culver, Cashier.
.
•
4.687— The First N ational Bank o f G oldthwaite, Texas. Capital, $50,000. Daniel H. Trent, President; G. E. B row n, Cashier.
4 ^ 8 8 —Tba First N ational Bank o f Vernon, Ind. Capital, $50,000.
Jacob Foebel, Jr., President; John S. Morris, Cashier.
4,689—The Farm ers’ & M erchants’ N ational Bank o f Huntsville. Ala.
Capital, $100,000. W illard I. W ellm an, President; Edward
H. Andrews, Cashier.
Imports and Exports for the W eek .—The following are
the imports at New York for the week ending (for dry goods)
Jan. 21 and for the week ending (for general merchandise)Jan. 22; also totals since the beginning of the first week in
January.
F O R E IG N IM P O R T S A T N E W Y O R K .
For Week.
$2,580,498
4,989,654
$2,927,938
7,160,924
$3,007,887
7,445,444
$7,570,152
$9,024,306
$10,088,862
$10,453,331
$8,773,658
17,091,064
$10,866,560
18,493,272
$10,098,719
21,914,987
$9,162,47522,194,973
Total 3 w eeks..
$25,864,722
$29,359,832
$32,013,706
$31,357,449
The imports of dry goods for one week later will be found
in our report o f the dry goods trade.
The following is a statement of the exports (exclusive t#
specie) from the port of New York to foreign ports for tl e
week ending Jan. 26 and from January 1 to date :
For the w e e k ..
Prev. reported.
$7,363,116
12,411,212
T otal 3 w eek s..
$19,774,328
$21,359,333
B n s l l s h F in a n c ia l M a r k e t s —P e r C a b le .
$6,043,744
13,457,123
$8,432,540*
20,145,663
$19,500,867
$28,578,2031
The following table shows the exports and imports of specie
at the port of New York for the week ending January 23 and
since Jan. 1,1892, and for the corresponding periods in 1891
and 1890:
E X P O R T S A N D IM P O R T S O P S P E C IE A T N E W Y O R K .
Imports.
Exports.
Gold.
Week.
Since Jan. 1.
$15,686
Great B ritain ............
Week.
$2,000
35,000
16,660
3,000
55,000
19,293
Total 1 8 9 2 ...........
Total 1 8 91...........
T otal 18 90...........
$37,000
175,521
38,021
$90,346
464,801
191,582
$119,793
19,390
489,976
T otal 1 8 92...........
T otal 1891...........
T otal 1890...........
Since Jan. 1.
Week.
$1,356,000
52,200
39,355
West In d ies................
12,359
3,489
63,387
1,400
$372,112
6 0 1,63 a
745,810
Imports.
Exports.
$593,200
9,660
$28,225
263,252-
4,000
West In d ies................
Week.
Since Jan. 1 .
$96,500
South A m erica..........
All other cou n tries..
8outh A m e r ic a .........
All other cou n tries..
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Jan. 29:
1892.
1891.
$6,243,554
15,115,779
T otal.......................50,611,978 44,495,113 48,727,133 44,798,065
1889-90.
1888-89.
1891-92.
1890-91.
30s. Id .
30s. 2d.
Aver, price wheat week.36s. 2a.
32s. Sd.
30s. Od.
3 2 » 4<J.
A verage price, season.,36s. l i d .
32s. 2d.
1890.
1,842,500
236.000
380.000
POR THE W E E K .
1890.
1889.
Great B ritain............
France................
$3,157,023
5,867,283
Since Jan. 1.
Dry G ood s.......
Gen’l m er’dise.
1891-92.
1890-91.
1889-90.
1888-89.
Im portsofw h ea t.cw t.31 ,590 ,804 23,818,623 22,297,287 25,142,917
Im ports o f flou r......... 6,480,358
5,433,497
6,546,902
5,9 88,3 57
Sales o f hbm e-grow n. 12,540,816 15,242,993 19,882,944 13,666,791
1891.
1,597,000
369.000
374.000
1892.
1891.
1890.
1889.
Dry G ood s.......
Gen’l m er’dlse.
Silver.
Last week.
2,061,500
343.000
352.000
Fri.
42
95916
195%«
95-27%
121
x90%
81
109
123%
75%
73%
115
3138,
100%
50
68%
57%
21%
48%
30%
4.686—
Supplies available for consumption (exclusive of stocks on
September 1):
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Thurs.
National Banks.—The following national banks hav«
recently been organized:
EXPORTS PROM N E W YO R K
The following shows the imports of cereal produce into the
United Kingdom during the first nineteen weeks o f the season
compared with previous seasons:
Wed.
Tues.
42916 42% * 41%
42
9 5 i°u 951516 951I16 95916
951si 6 9516 16 95i%6 959,«
95-42% 95-32% 95-30 95-32%
121
121
121
121
93%
95
94%
95%
83%
82%
82%
83
111% 111%
111% 111
126
125% 126%
125%
77%
79%
77%
79%
73
73*4
73
73
117% 117% 117%
118
32%
32%
32
3178
109% 109% 109% 109%
50%
51%
51?8
S A .68
69%
68%
68
57%
57%
57%
57%
21%
21%
21%
21
48%
48%
49%
48%
31%
30%
30%
31%
Commercial and 3$XtscjellatXjeotts
Messrs. Pixley & Abell write as follows :
Gold—The firmness o f the gold m arket continues, and there seems no
p rospect o f any open m arket arrivals reaching the Bank while the
German dem and is in force. During the week withdrawals o f £338,000 have taken place, and £1 25,000 has been paid in. The withdraw
als were chiefly fo r South Am erica. A rrivals—South A frica, £ 4 7 ,0 0 0 ;
N ew Zealand, £ 3 0 ,0 0 0 ; total, £77,000.
Silver—A t the end o f last week, the price remained quiet at 43%d.
w ith a w eak tendency, but on M onday the m arket fe ll to 43d., and the
n e x t day to 42 %d. The fa ll has been chiefly caused b y extrem e press
ure on the part o f N ew Y ork holders. India has been a good purchaser
at each decline. The bottom seems to have been reached to-day.
A rrivals—New York, £14,000. Shipments—To Calcutta, 8th Jan.,
£ 5 0 ,0 0 0 ; Bom bay, 8th Jan., £ 1 8 ,0 0 0 ; H iogo, 8th Jan., £ 5 0 ,0 0 0 ;
B om bay, 17tb Jan., £70,100.
M exican Dollars—These coins, in sym pathy w ith the severe fa ll in
silver, have also given w ay, and are quoted l°ie d . under bars. A rrivals
—F rom New Y ork, £1 7 ,0 0 0 . Shipments—To B om bay, £8,000.
This week.
W heat.............. ,.q r s . 2,175,000
Flour, equal to qrs.
365,000
Maize................... qrs. 420,000
Mon.
London.
Silver, per o z ................. d
Consols,new, 2% p er cts.
do fo r accoun t.........
Fr’ch rentes (in P aris)fr.
U. 8. 4s o f 19 07..............
Canadian P acific............
Chic. Mil. & St. P a u l....
Illinois C entral................
Lake Shore.......................
Louisville & N ash ville..
M exican Central 4 s .......
N. Y . Central & Hudson.
N. Y. Lake Erie & W est’n
do
2d c on s............
N o r fo lk * W estern,pref.
Northern Pacific p re f...
Pennsylvania...................
P h ilad elp h ia* Reading.
Union P acific...................
Wabash p r e f...!..............
$1 9,30 0
$113
1,220
9,045
9,045
$616,905
322,514
283,000
$1,456,600
1,105,163
1,922,623
Since Jan. 1.
$1,333
13,076
13,002
54,447'
7,772
20,380
300
$102,205136,419
127,432:
Of the above imports for the week in 1892 $18,539 were
American gold coin. Of the exports during the same time
$37,000 were American gold coin.__________ '
—Messrs. La Montagne, Clarke & Co.have just issued, through
Mr. T. J. Lisman, manager of their bond department, a neat
set of circulars to their customers,calling their attention to thepresent favorable state of the bond market, and citing a list o£
¡securities likely to prove of good value to investors.
•
192
THE CHRONICLE.
—The Atlantic Mutual Insurance Company presents its
statement for 1891, The premiums on marine risks in 1891
were $3,862,687, and total marine premiums, including policies
not marked off on January 11891, $5,256,865, or about $70,000
larger, than in the previous year. Losses [paid during the
year were $1,836,325, and returns of premiums and expenses,
$784,790. The company has the following assets, viz,:
U nited States and State o f N ew Y ork stock, city, bank and
t' other stocks.............................. .................................................. $7,567,155
L oans secured b y stocks and otherw ise.................................... 2,009,100
R eal estate and claims due the com pany, estim ated at........
1,083,400
P rem ium notes and bills receivab le..........................
1,425,030
Cash in ba n k ..................................................
193,895
Total
$12,278,582
[V ol. U V .
N. Ï . and Brooklyn Gas Securities—Brokers’ Quotations,
GAS COMPANIES.
Brooklyn Gas-Light..........
Citizens’ Gas-Licrht _.
Bonds, 5s.............
Consolidated G as...
Jersey City & Hoboken..
Metropolitan—B ond s
Mutual (N. Y.)
Bonds, 6s___
Nassau (Brookivni
S crip .............
Bid. j Ask.!] GAS COM PANIES. ( Bid.
121 123
People’s. (Brooklvni_____ 84
124
102
10«
103 104 Metropolitan (Brooklyn).. 103
175
Municipal—Bonds, 7s
102
107 111
Fulton Municipal
131 .
120
100
100 102 Equitable........
137
132 135
Bonds. 6 s ..........
105
99 100
87
109
105
105
135
105
140
108
Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. Y. Harnett Sc Co.:
Six per cent interest on the outstanding certificates will be
paid on and after Tuesday the 2d of February next. The out l o o Fisher’ s I ’ d B rick M fg Co. 95
standing certificates of the issue of 1887 will be redeemed.
40 Phénix Ins. C o................. 146
A dividend of forty per cent is declared on the net earned 100 Manhattan B a n k ............184
A lliance L ife
premiums of the company for the year ending 31st December, 47 Comm’rcial
Ins. C o............................. 55
1891, for which Certificates will be issued on and after Tuesday,
50 M arket & Fulton Nat. Bk.221
the 3d of May next.
10 B eal Est. E x. & A uction
B oom , L im ited............. 105%
The management of the Atlantic remains unchanged, and
20 C. A. U
B lanchard
C o ....$10
lot
P P ------------------^
--------the names of Messrs. John D. Jones, President, W . H. H.
By Messrs. Adrian H. Muller
Moore,^ Vice-President, A. A. Raven, 2d Vice-President, and
(snares.
-J. H. Chapman, Secretary, give assurance of continued abil
50 Nat. Bk. o f the Republic. 171%
ity and conservatism.
50 A m erican E x. Nat. Bank. 150
“ The Hamilton Trust Company of Brooklyn will receive sub
scriptions at par for $300,000 common stock o f “ Journeay &
Burnham.” The stock offered is the balance of that issued last
year by the company to acquire the interest o f the deceased
partner. The company has no bonds and is stated to be with
out debt of any kind. The net eaminge o f the company are
■divided between the preferred and common stock upon the
basis of 8 per cent to the former and 12 per cent to the latter,
after which all further profits are divided equally. For the
three months ending Dec. 31 last its gross business amounted
to $386,965, being $71,943 in excess of business of the firm
during the corresponding period in the previous year. The
net profits for the quarter were $37,777, being equal to an an
nual rate of 8 per cent upon the preferred stock, 12 per cent
upon the common stock, and leaving a surplus of over 5 per
•CQht upon both.
( A sk '
Shares.
100 Chatham Nat. B an k....... 42 3%
120 Nat. B roadw ay B an k___ 270%
120 Nat. Butch. &Drovers’Bk. 181
50 F irst N a t.B k .,S ta te » Isld .lll%
50 Southern Nat. B an k___ _ 99
Bonds.
$5.000 D en v.T ex. & G ulf BR.
Co. 5s, 1937 (Denver B y .)., 75
& Son :
Shares.
200 M anhattan Trust Co....... 1 2 6%
15 Thurber, Whyland Co.,
17 Shoe& LeatherN at.Bank.l51
p r e f.....................105%—1Q6%
13 Nat. Park B an k............... 313
11 Cent. N. J. Land Imp.Co. 60 %
l,335N .A m er.M fg.C o.$10 ea. >
67 Oriental B an k...................234
205 N.Y.&AustinSilverM .Co. s ^
25 Southern Nat. B an k....... 99%
300 P ostal Tele. Co................. $1
15 U nion Trust C o.........728—73 2
55 D ry D ock E. B. & B at
30 B ogota City R ailw ay C o.$11
tery B R . C o.................... 115%
Bonds.
lO S tu y v esa n tS a feD ep .C o. 75
$30,000 City o f N. Y. 3s H arl.
2 Chemical Nat, B an k.......4,500
Bridge (exem pt from tax),
29 Natural Gas T r u s t ...___ 111
1910, M & N ............1003s-% & in t.
26 St. Nicholas Bank, N .Y ..1 1 5
$1,000 City o f N. Y . 5s gold
30 Merchants’ Nat. B a n k ... 153%
consld. stock, 1928, M&N,
40 G ansevoort B ank.......... 110
12138 & int»
15 State Trust Co. <ex-div.).194% $3.500 D ry D ock E. B. &
20 Title Guarantee & T r.C o.l7 0
Bat. RR. Co. 6s, s c r i p ... ... 100%
50 Clev. Y oungst’n & Pitts.
$10,000 G eorgia Midland &
B y. C o ..............................
G ulf KR.. 1st 6s, 1926, J& J. 91
59 L. Erie Alliance & South, i
$10,500 Schuyler Steam T ow
BR. C o.........
r “ 16
B oat Co., o f A lbany, N. Y .,
$225 L. E. All. A South. BE.
6s.............................................. 16
1st 6s, bond s c r ip .......|
$72,000 Jam aica & Brooklyn
1 A lliance Ins. A ssociat’n . 56
B oad Co. 1st 5 s..................... 85%
10 Lawyers’ Title Ins. C o... 154
$7,200 L ogansport Ry. Co.
70 UnitedN. J .B R . & C. C o.226
5s . . . . . . . . . .............................. 60
4,691 Jam aica & B rooklyn
$20,000 Oswego & Rome R R .
R oad Co., $20 e a ...$ 7 per sh.
2d 5s, 1915, guar, b y N. Y.
48 Logansport B y .C o ..$7 per sh.
C. & H. R . R R . Co., F & A ...1 0 7 %
25 State Trust Co................ 1943s
II:—Messrs. Griswold & Gillett offer at par and accrued in
terest the 6 per cent, gold debenture bonds of The Investment
Trust Co. of America, secured by first mortgage real estate
loans deposited with the Safe Deposit & Thrust Company of
Boston, Trustee. Interest payable quarterly at the Ninth
National Bank in New York. Bonds maturing from five
to ten years. Messrs. Griswold & Gillett state that these
—Messrs. Kidder, Peabody Sc Co., Boston, advertise in our
bonds are held for investment by the leading savings banks
und trust estates in the country, and that they know o f no “ State and City Department” the $500,000 Worcester, Mass.,
security as safe for investment that will bring the investor fours which they secured this w e e k ; also $75,000 Detroit
three-and-a-halfs.
six per cent.
—Mr. F. Klockner, of 6 Wall Street, has just associated with
—The annual statement of the Liverpool & London & Globe him Mr. W. E. R. Smith, under the firm name of F. Klockner
Insurance Co. for their United States branch, Henry W . Eaton, Sc Co., brokers and dealers in investment securities.
Resident Manager, which is published in another column,
—Attention is called to the card, in our “ State and City De
Shows the total assets of this large company to be $7,862,847, of
which $2,886,220 is the surplus of the company. The gilt- partment,” of Messrs. Geo. A. Lewis Sc Co., Chicago, dealers
in
municipal bonds.
edged investments of the company will be especially remarked,
consisting of $1,574,500 in real estate; $2,310,687 loans on
bond and mortgage ; $2,115,937 in United States Government,
State and city bonds and $1,010,846 cash in banks and trust
companies.
autl f f immotai.
Spencer Trask
&
C o.,
—Through the courtesy of the editor of that paper we have
received this week a copy of the seventh annual edition of
BANKERS.
the Brooklyn Daily Eagle Almanac. The scope of the pub
N o s . 1 6 a n d 18 B r o a d S tr e e t, N e w Y orR . C ity .
lication has been further extended and it contains much in
2 0 C o n g r e s s S tre e t, B o s t o n .
formation of value, including an excellent map of the city,
ALBANY N. Y.
PROVIDENCE. R. I.
•Statistics relating to the local and general governments, rail
Direct Private Wire to Bach Office.
roads, &c. Matters of particular interest to residents of
All classes of Securities Boueht and Sold on Commission. Special attention
given to INVESTMENT SECURITIES.
Brooklyn are also very fully treated.
—Messrs. Coffin & Stanton offer a few of the city of Col
umbus, 0 .,6 p e r cent street improvement bonds in to-day’s
C h ro nicles , the average maturity of these bonds being from
7% to 10 years. Messrs. C. & S. will also pay a large number
<?t coupons due Feb. 1 on city, county and other bonds.
—Messrs. Dick Bros. & Lawrence, 30 Broad Street, New
York, handle in this market the securities o f the Metropolitan
Traction Co., the Philadelphia corporation controlling the
Broadway Cable road and other street car lines in New York.
LIB ER T Y NATIONAL BANK,
C en tra l B u ild in g , 1 4 3 L ib e r ty S tr e e t. N ew Y o r k .
C A P IT A L ,
$ 5 0 0 ,0 0 0
ACCOUNTS OF BANKS, BANKERS AND MERCHANTS SOLICITED.
HENRY C. TINKER President.
HENRY GRAVES, Vice-President.
JAMES CHRISTIE, Cashier.
D IR E C T O R S .
HENRY C. TINKER,
E. F. C. YOUNG,
H. C. FAHNESTOCK.
HENRY GRAVES,
WM. RUNKLE,
HON. G. A. HOBART'
GEO. F. BAKER,
DUMONT CLARKE,
J. A. GARLAND
J. R. MAXWELL.
JNO. H. STARIN.
—The January, 1892, edition of the “ Bankers’ Almanac,’ iseiied by the Homans Publishing Company, 251 Broadway,
TH E M ERCANTILE NATIONAL BANK
New York, has come to hand. In addition to the list of banks
OF T H E C IT Y OF N EW Y O R K ,
ai^d bank officials are other lists convenient for reference.
N o. 1 9 1 B r o a d w a y .
—The Bank of Buffalo has issued its annual table of Holiday C a p i t a l ,
$ 1 ,0 0 0 ,0 0 0 |S u r p l u s <fc P r o f i t s , $ 9 5 0 ,0 0 0
Pates, showing when paper maturing on holidays in 1892 is
payable. It is convenient for quick reference, and every firm WILLIAM P. ST. JOHN, President. |FREDERICK B. SCHENCK, Cashier.
JAMES V. LOTT, Assistant Cashier.
having bank business of this character should keep a copy.
—Attention is called to the card of the Commercial Bank
o f Tacoma, Wash., in the “ State and City Department” of the
C h r o n i c l e . They offer investments in 8 per cent mortgages
aud 10 per cent city, county and Sta,tq warranty.
A C C O U N T S S O L I C IT E D .
THIRD NATIONAL BANK
OF T H E
C IT Y
OF N EW Y O R K .
$ 1 ,0 0 0 ,0 0 0
—Attention is called to the notice of Messrs. Welling & C a p i t a l ,
J. B. WOODWARD.............................President.
Malcom in the C h r o n i c l e to-day. This firm makes a spec
HENRY
CHAPIN,
J
r
.............
Cashier
I
J.
FRED’
K
SWBASY....Asst,Cashier
ialty of the securities of dividend-paying gas companies in all
Accounts solicited and oareful attention to the interests o f Depositors
in the principal cities.
guaranteed.
THE CHRONICLE.
J a n u a r y 80, 1892.1
^ je t b e *
Posted rates of leading bankers are as follow f :
R a ilr o a d « .
F lin t & Pere Marquette p re f. . . . .
Kan.C. F t.Scott & Mem. p re f.......
N ew Y o k Chic. & St. L. 1st pref.
P ittsburgh & Lake E rie ................
S o m e Water. & Og. guar, (quar.)
T oledo & Ohio Cent. com. (quar.)
W est Virginia Cent. & Pittsburg.
R an k s.
L in co ln ..............................................
M anhattan C o........................ .
N. Y . Nat. E x ch a n g e ................... .
T r u s t C o m p a n ie s .
P eople’ s (q u a r .'............................
m iscellan eou s.
A m . Soda Fountain Co. 1st p re f..
“
“
“
“ 2d pref..
**
“
“
com. (annual).
Cahaba Coal M ining......................
E rie Telegr’ph & Tele. Co. (quar.)
N ew Central Coal..........................
New. Eng. Telep’ e A Tele, (quar.)
N orthw est E quipm ent (quar.)....
“ .
“
(ex tra ).--■
Pennsylvania C oal............ (quar.)
Thom son-H ouston Elec.com . iqr.)
W illiam sburg City Fire Ins
P er
Cent.
When
Payable.
B ooks Closed.
(D ays inclusive.)
21*
8
3
3
1%
I
1
Feb. 15
Feb. 15
March 1
2
Feb.
Feb. 15
Feb. 25
March 1
January 31.
to
2 to Mar.
to ------Jan. 31 to ---------Feb. 16 to Feb. 25
-----------to --------------
3
3%
3
Feb.
Feb.
Feta.
1
10
1
to Jan. 31
to Feb. 9
t e -----------
2
Feb.
1
to Jan. 31
Feb.
4
$3)
$4 £
$10)
1
1
1
1%
1% )
Ci
4
4
10
Feb.
Jan. 25 Jan.
Feb. 15 Feb.
March 1
Feb. 15 Feb.
1 Jan.
Feb.
Feb.
1 Jan.
Feb. 15 Feb.
On dem.
to
16 to ----------7 to Feb. 14
t o ----------2 to Feb. 13
26 to Feb. 1
24 to Feb. 1
6 to Feb. 15
W A L L S T R E E T , F R I D A Y , J A N . « 9 , 1 8 9 2 - 5 P. M.
The Money Market and Financial Situation.—The financial
markets were unquestionably relieved when the Chilian war
cloud blew over. There was not at first a serious belief in
war in the minds of many, but the aspect finally became so
threatening as to interfere greatly with business prospects.
The large deposits in the New York banks are commented
upon as showing the present situation, and the tendency of
money towards this centre, where funds can find borrowers
on call at some price, when in other parts of the country they
would have to lie idle or go into permanent investments.
It is presumed that the railroads North and West will have
a larger tonnage this half-year than in the first half of 1890,
but at the South there has been so much cotton already mar
keted that receipts of that staple are falling off rapidly, and
freights must decrease. The iron business, however, is much
better.
It is one of the signs of the times that combinations and con
solidations are again becoming frequent. The Poughkeepsie
Bridge is the last absorption, and this may have an important
bearing on the traffic of the railroads interested. It may be
observed, however, that outsiders generally have little chance
to profit by an advance in stock caused by the prospect of con
solidation, as the stocks are usually accumulated first in a few
hands. A consolidation may be an excellent thing if it
actually takes place, but one needs to be pretty sure of his
facts before purchasing on rumors of such a deal, as reports of
that kind are frequently circulated to boom certain stocks.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 2% per cent,
the average being 2 p. c. To-day the rates on call were 1%
to 2 p. c. Commercial paper is quoted at 8%(<i4% per cent.
The Bank of England weekly statement on Thursday showed
a decrease in bullion of £385,000, and the percentage of reserve
to liabilities was 40’33, against 39-77 last week; the discount
rate remains unchanged at 3 per cent. The Bank of France
shows an increase of 10,750,000 francs in gold and 1,850,000
in silver.
The New York Clearing-House banks in their statement of
Jan. 23 showed an increase in the reserve held of $11,196,900
and a surplus over the required reserve of $33,002,900, against
$24,576,025 the previous week.
C apital..................
Surplus.................
L oans and d isc’ts
C ircu lation ........ .
N et deposits....... .
S p e cie ...................
L eg a l tenders___
R eserve h e ld ....
L egal reserve___
S irplus reserve
1892.
Jan. 23.
Differen’sfrom
Prev. week.
1891.
Jan. 24.
1890.
Jan. 25.
$
59,372,700
66,007,900
447,202,600
5,566,700
497.472.400
110.402.400
46.968,600
157,371,000
124,368,100
$
I n c . i , 369,400
D ec.
24,000
I c . 11,080.100
In c .5,833,100
Ino .5,363,800
Io .11,196,900
Ino .2,770,025
$
67,119,700
65,375,800
385,557,200
3,562,600
405,471,300
90,162,000
35,295,600
125,457,600
101,367,825
$
61,062,700
57,710,500
400,283,700
3,515,000
423,977,400
89,622,600
31,403,400
121,026,000
105,994,350
33,002,900 In c 8,426,875
24,089,775
15,031,650
Foreign Exchange.—Sterling bills were very firm in the
early part of the week, but have latterly been rather easier,with
a dull market. Commercial bills are not as abundant as they
were under the heavy exports of merchandise in December,
and rates do not indicate any large taking of our securities by
the foreign markets. Actual rates for exchange are : Bankers’
sixty days sterling, 4 84@4 81% ; demand, 4 85%@4 86% ;
cables, 4 86%@4 86%.
; The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying,
pat.; selling % premium; New Orleans, commercial, 50c, pre
mium; bank, $1 $0per $1,000 premium; Charleston, buying par,
Selling % premium; St. Louis, 90c. per $1,000 premium;
Chicago, par.
Sixty Days.
Janu ary 29.
D I V I D E N D S ,
Name o f Company.
193
Demand.
4 85
4 87
Prim e bankers’ sterling bills on L o n d o n ..
4 83 ® 4 83%
Prim e c o m m e r c ia l................................
4 82% # 4 82%
5 205s®5 20 5 18183)5 17%40 ® 4 0 i,6
403!«'® 40:l4
95% ® 95%
Frankfort or Brem en (reicbm arks)b’nkers 95 '@95%
United States Bonds.—Quotations are as follows :
•
Interest Jan.
Periods 23.
Jan.
25.
Jan.
26,
Jan.
27.
Jan. Jan.
28., . 29,
2 s , ........................reg. Q„-Mch. *100 *100 *100 *100 *100
116 *115k *115% *115%
4s’, 1 9 0 7 ... .........reg. Q „-Jan, *116
4s, 19 07............ coup. Q .-J a n . *116 *116 *115% *115% 116%
6s! cur’cy ,’ 9 5 ___ reg. J. & J. *109 *109 *109 *109 *109
6s! cur’cy ,’ 96___ reg . J. & J. *111 *111 *111 *111 *111
6s! cur’ey,’ 97___ reg. J. & J. *113 *113 *113 *113 *113
6s! cur’ey,’ 9 8 ___ reg. J. * J. *115% *116 *116 *115% *115%
6s, cu r’ cy,’ 99-----reg. J. & J. *118 *118 *118% *118 *118
*Thisis the price bid. at tne morning board; no sale was made.
*100
*116
116%
*109
*111
*113
*116
*118%>
Government Purchases o f Silver.—The following shows
the amount of silver purchased by the Government in Jan.
The Government having purchased the amount of silver
required by law during the month of January, no further pur
chases will b« made until Monday, February 1,1892.
Ounces
offered.
Ounces
purchased.
P reviously reported............ 6.093.000
January 11............................. 1.376.000
«
1 3 ............................. 778.000
«
1 5 ............................. 462.000
964.000
“
1 8 .............................
*Local purch ases.................
2,779,000
450.000
182.000
262,000
300,000
398,350
*Total in m onth to d a te.. 9,673,000
4,371,350
P rice p aid.
$0-9340
* The lo ca l purchases o f each w eek are n ot reported till M onday o f
the follow in g week.
State and Railroad Bonds.—Sales of State bonds have
included $10,000 Ala., Class “ A ,” at 102%: $110,000 Va. 6s dëf.
tr. rec. at 8%-9; $4,000 do. 6s. def. at 9-9%; $10,000 La. consol
4s at 85%; $2,000 Tenn. settlt. 6s at 106; $8,000 do. settlt. 3s at
68-68%; $5,000 N. Car. con. 4s at 97%.
Railroad bonds have continued to show a good healthy ac
tivity on a business well distributed throughout the list.
The business has not run so much on certain income bonds
as has frequently been the case, and bond buyers seem to belooking up one issue of bonds after another that yield a fair
rate of interest in gold and have every prospect of being quite
safe until maturity. There comes in also the question of man
agement, and whether those in control of a property are
likely to keep faith with their bondholders, and it is easy te
point out bonds on the Board list that would sell ten
points higher if their respective roads were under different
management. Reading income bonds have been active
and strong on the approach of interest payment Feb. 1, and
also on the excellent exhibit of earnings for December, the
first month of the new fiscal year. The Union Pacific gold
per cent notes are active and higher at 99% as they receive $
per cent interest on Monday, and the U. P. net earnings for
December are expected to show handsomely. Tol. St. Lords
& Kansas City 6s are more active and higher, as the road’s
earnings in 1891 showed a large improvement over 1890.
Atchison bonds have been only moderately active and the
December net earnings are awaited with interest. Chicago &
Erie bonds, both firsts and incomes, have been strong, and also
the Ches. & Ohio R. & A. bonds on the proposed new deal.
Railroad and Miscellaneous Stocks.—The stock market
has been fairly strong and active since the Chilian diffi
culty was settled, and in a few stocks there have been
some considerable advances scored. The Stock Exchange
lists show a good volume of general dealings and the recent
moderate depression probably had the effect of increasing;
the long interest in stocks. The money markét has evéry
prospect of ease—possibly of abnormally easy rates—and
this naturally stimulates stock purchases; but aside
from tbis, which is a market influence, the rail
road
earnings will be carefully
watched as tne
year advances to see what comparison is made with 1890.
Del. Lack. & Western was a leading stock this week, ad
vancing to 148% on Wednesday, with some pressure on the short
interest, and closing at 146%, the precise cause for this move not
being known, though the name of a former large operator
was popularly connected with it. Manhattan Elevated has
recently been active, advancing sharply on Thursday, with
the claim that the recent legal décisions would be favorable.
The Western stocks—grangers, Atchison, Union Pacific, étc.,
are strongly held on the hopes of a good business this halfyear, and Chicago roads, both east and west are already
preparing for the Columbian Exposition, though one promin
ent railroad president said recently: “ I wish to take care
first that we do not spend more than we make out of the
Exposition.”
}
.
:
l Hfmvit'
To-day Denver & Rio Grande pref. rose éfiârply to 51% on,
active dealings, with various reports of the new mines at
Breeds, of better management under Président Jeffrey, &c.
St. Paul sold abovè 81 on the increase of $4l'6,$94 in nët earn
ings for December.
The unlisted stocks àrè dull, ând silvér bullion certificates
quite neglected at 91%.
194
THE CHRONICLE,
[V ol . LTV,
NEW YORK STOCK EXCHANGE—ACTIVE STOCKS tor week ending JAN >2», and since JAN. I, 1892.
H IGH EST AND LOWEST PRICES
STOCKS.
A c t i v e I t lS . S t o c k s .
Saturday,
Jan. 23.
Monday,
Jan. 25.
Tuesday,
Jan. 26.
Wednesday,
Jan. 27.
Thursday,
Jan. 28.
R ange o f sales in 1892.
Friday,
Jan. 29.
Lowest.
Highest.
42
42%
41
41%
42
42%
..
41% 42%
42% 42%
41% 42%
40% Jan. 19 46% Jan. 4
*4%
5
'4 %
5
..
*4%
*4%
5
5
5
5
5
f
5 Jan. 15
5% Jan. 2
88% 89
89% 90%
.. 1191% 94
89-13 90%
90
91
90% 90%
8
8 % Jan. 27 94% Jan. 12
59% 60
60
60%
60
60%
..
60% 60%
60% 60%
60% 61%
58%
Jan.
19
62
Jan. 4
116% 116% 115% 117
115*2 116
.. 117 117
115 116
116% 117
111% Jan. 19 117% Jan. 22
33% 33% *33% 34% *33% 341
35
.. *33% 34% '3 3
32%
Jan.
20
35
Jan.
4
25% 25%
b. 26
26%
25% 25%; 25% 26
25% 2 6 1
26
26%
•¿4% Jan. 19 28 Jan. 14
61% 62.
62% 63%
62% 62k
Do
do
1st p r e f...
61% 62
62
621
61% 62
59
Jan.
9
64%
J
an.
16
43
43%
Do
do
2d p ref.
_
43% 43%
43
43%
42% 43%
43% 44
43% 43%
38% Jan. 9 44% Jan. 21
C hicago & A l t o n ................ .. *139 142 *140 143
'140 143
*139 142
139% 142
139% Jan. 29 142 Jan. 8
V. 108% 108% 107% 108% 108% 109% 108% 110% 109% HO® 109% 110%
106% Jan. 19 110% Jan. 28
*67
68
*67
68
*67
68
68
.. *67
67% 68
*67
68
67 % Jan
70 Jan
2
Do
J f. 100% 100% 100% 100% 100% 101% 101% 101% 101% 101%
99% 101%
98 Jan. 20 103 Jan. 2
80% 60%
80% 81%
Chicago M ilwaukee & St. I
1. 79% 80%
80% 81%
79% 79%
80% 81%
77%
Jan.
19
83%
Jan.
7
Do
J ' 122 122% 122 122
123 123
122% 122
123 125% 124% 126
120% Jan. 19 126 Jan. 29
.. 117% 117% 116% 117% 117% 118% 117% 118% 118% 119
C hicago & N orthwestern
118% 119
114%
,i
an.
19
119
Jan.
28
__ D o
r
144% 144%
145% 145%
141% Jan. 12 145% Jan. 28
91% 92%
90
91
o. 91% 91%
91
92%
92
93
92% 93%
88% Jan. 19 94% Jan. 7
50
i. 47% 49%
49% 50%
50%
48% 49%
50% 50%
50
50%
44 Jan. 19 50% Jan. 29
112
112% 112 113
Do
PM
112% 113% 113% 114% 113% 114% *114:12 115
108%
Jan. 20 114% Jan. 28
72
70% 71%
Cleve. Cincin. Chic. & St. L . . .
71% 72
72%
71% 72%
72% 72%
72
72%
70% Jan. 19 75 Jan. 7
Do
B .........
95
Jan.
5 98 Jan. 5
Columbus H ocking Val,
30% 31%
1. 30% 30%
30
30%
30% 30%
31% 31%
31 •81%
29% Jan. 19 32% Jan. 4
Delaware & H u dson . . .
124 124% 124% 12 4% 125 126% 125% 126% 125% 126% 126 126%
122% JaD. 8 127 Jan. 12
t 141% 143
141% 143% 142% 146% 145 148% 144 147
145% 147
138% Jan. 19 147 Jan. 28
D enver & B io Grande
17% 17% *16
17% 17%
17% *16% 17%
18
18
18
18%
17 Jan.
19% Jan. 2
Do
p
47% 48%
46% 46%
47
. 47
47% 48
48% 49%
48% 51%
45 Jan.
51% Jan. 29
7%
E ast Tennessee Va. & Ga.
»7%
75a
7%
7%
7%
7%
8
*7%
8
7%
7%
7% Jan. 4
9% Jan. 7
*45
Do
1st p
*45
52
*45
54
*45
54
53
*45
46
46
54
46 Jan. 28 51% Jan. 11
*16% 18
Do
2d n
. *16% 18
*16% 18
*16% 18
16% 16% *16% 18
14% Jan. 2 19% Jan. 9
*119 121
120% 120% 120% 120% 12 0 % 1 2 1
121 121
x l l 9 % Jan.15 124 Jan. 4
Great Northern, pref.
121 124
. 119% 119% *119 121 *119 121
123% 124% 124% 124 k
119 Jan. 22 124% Jan. 28
Illin ois C entral............
. '1 0 8 % 109% 108 108
108% 108% 108% 108% 108% 109% 109% 109%
107 % Jan. 19 1l o Jan. 5
Iow a C entral.........
*1 2 % 13
. *12% 13
*12
13
*12% 13
*12% 13
13
13%
12% Jan. 18 15% Jan. 4
Do
48
47% 48
47% 47%
47% 47%
48
47% 47%
46 Jan. 2 52% Jan. 6
22% 23
2 2 % 23%
Lake E rie & W e ste rn .
22
22% 22% 22%
22
22%
20%
Jan. 19 23% Jan. 13
Do
.
73% 74
73
72% 73%
73%
72% 73%
73
73% 73%
73%
69% Jan. 5 74% Jan. 22
121% 121% 121% 122% 122 12 2% 122% 123% 122% 123%
L 121% 122
120
19 123% Jan. 2
Jan.
L on g Islan d ...................
. *96
97
*95% 97
*95% 97
97
97
96
95% 95%
96
95 Jan. 18 97% Jan. 6
755a 77
Louisville & Nashville.
. 76% 77%
74% 76
76% 77%
74% 75%
75% 7 '
74% Jan. 29 84% Jan. 2
28
27% 28%
28%
28
28% 28%
29
29%
29
29%
29% 48,440 26 Jan. 2 31 Jan. 7
105 106
105% 107% 107 110% 110% 113% 113% 119
116% 118% 39,948 104 Jan
2 119 Jan. 28
M exican Central . . . . 1 ............ . *21
20% 21%
21
21%
2 0 % 2 0 % 20% 20%
19% 20
1,600 19% Jan. 29 23% Jan. 3
M ichigan Central................. . 105 105
104% 104% *104 105%
105% 105% 106% 108%
104 Jan. 20 108% Jan. 29
2,210
94
M ilwaukee Lake Sh. & W est. . *93
*93% 95
*93
95
*93% 95
*94% 95
*95
92% Jan. 6 93 Jan. 4
133 135
133% 133% 135 135 *136
132% 134
Do ,
prei 134 134
348 133 Jan. 4 135 Jan. 28
9
M inneapolis & St. L ou is.......
9
*9
9%
9%
*9%
9%
9
*9
9%
9%
9%
1.300
9 Jan. 19 10% Jan. 7
21% 21% *20
Do
prei
23
*21
22% *21
21% 21%
*21
23
23
550 20% Jan. 19 24 Jan. 7
M issouri Kansas & T e x a s __ . *18% 19%
185s 18% *19
19%
18% 18% *18% 19% * l ö ^ 19%
595 18% Jan. 19 20% Jan. 13
31% 32
. . . Do
prei .
31% 31%
31% 32%
31% 31%
31% 31%
31% 32
7,565 29 Jan. 5 33% Jan. 13
Missouri P acific.................
62%
61% 62%
. * 62
62% 63%
62% 63%
63 % 64% 31,115 59 JTan. 19 65% Jan. 4
63% 64%
M o b ile * Ohio................
40 "'......... 40
34% 35
36
38
38
35
39
38%
2.300 34% Jan. 27 42% Jan. 2
92
s *89
*89
91
*88
90
*88
*88
90
88
88
91
100 88 Jan. 28 90 Jan. 14
New Y ork Central & H udson 114% 114% 114 114% 114% 115% 114% 11514 115% 115% 115% 116
112% Jan. 19 116% Jan. 2
7,782
*19% 21
*19% 20%
20
20%
20% 20% 20% 20%
20% 20%
19 Jan. 19 22% Jan.
920
Do
79
79
1st pref. *79% 80%
79% 79%
79
78
80
80%
79
78
78% Jan. 19 81% Jan.
985
Do
42
42
*40
42
42
2d pref
41% 41%
41% 41%
43
43
42
42? 39% Jan. 19 45 Jan.
31% 31%
30% 31%
31% 31% 42,530 29% Jan. 19 34% Jan.
31% 31%
31% 31%
31% 31%
Do
72% 72%
71% 7 2 % 72% 72%
72% 73
72
72% 73
72%
3,795 70% Jan. 19 75% Jan.
49% 50%
49% 50% 4 49% 51%
49% 50%
50% 50% 57,670 42% Jan. 2 52% Jan.
50
50%
*225 228 *225 227
'2
2
6
225 227
225 227
226
16 224 Jan. 15 227% Jan.
19% 19%
19% 19%
19% 19%
19% 20
19% ‘ Ï9 %
19% 20
6,241 18 % Jan. 19 22 Jan.
11% 12
11% 11%
11% 11%
11% 11% *11% 11% *11% 11%
10% Jan. 4 13 Jan.
1,612
Do
48
48%
48
48
49
48% 48%
48% 48%
49
49
49
720 41% Jan. 2 50% Jan. 14
Norfolk & W estern.
. *14
16
14% 14%
*14
14% 14% *15
*14% 16
16
15
16 Jan. 9 18 Jan.
30
Do
*50
51%
50% 50%
49% 49% *49% 50%
48% 4 9 %
50% 51%
750 49% Jan. 19 56 Jan. 4
Northern P a c ific . . .
23% 23%
23
23%
24
24
24
23% 24%
24
24%
24%
23 Jan. 25 26% Jan. 2
3,182
Do
66% 67%
65% 66%
68% 67%
67% 68% 92,33? 6 0 % Jan. 19 72% Jan. 2
66% 67%
67
68%
Ohio & M ississippi.
*22% 23
22% 22% *22% 23
*2 2 % 23
*22
23
85 22 Jan. 22 24 Jan. 5
Ohio S ou th ern .......
*20% 21% *20
21
2 2 % 23
21
23
21% 22%
*21% 23
5,220 19 Jan. 12 23 Jan. 27
87% 87%
87% 87%
87% 87*2 87% 90%
90
90% 91%
90
85 Jan. 20 91% Jan. 28
3,955
*29% 31
*29% . ..
30% 30%
30% 30%
31
31%
31
31%
1,165 28% Jan. 19 33% Jan. 4
*20% 21
20
*20
20%
21% 21%
2 0 % 2 0 % 20% 21
20 %
1,700 19% Jan. 19 22% Jan. 4
40% 41
40% 41%
41
41% 41%
41% 41% 175,208 38 Jan. 19 42% Jan. 11
40% 42%
41%
29
29
28
28%
*27% 28
27% 27%
27
28%
28
425 26% Jan. 19 30% Jan. 5
Do
65
65
*64% 65
65
65% 65%
65% 65%
65
65
1,289 64% Jan. 13 67% Jan. 5
40% 40%
*39% 41
*39% 41
40
40
800 39% Jan. 4 43 Jan. 7
! 15% 15%
14% 15%
15% 15%
14% 15%
15% 15%
15
15% 37,633 13% Jan. 4 17% Jan. 12
Do
71% 73%
72% 72%
71% 73%
72% 73
72
73%
70
72%
8,105 60 Jan. 4 73% Jan. 25
R io Grande W estern.
*37
38% *37% 38% *37% 38% *37% 38% *37% 38% *37
38%
38 Jan. 12 41 Jan. 5
Do
pref. *69% 70%
69% 69% *69% 71% *69% 70%
*69% 70%
70
70
” Ì7 9 70 Jan. 18 71% Jan. 4
*109 112
111% 111% 111% 111% 111% 112
111% 111% 112 112
1,074 110 Jan. 19 112% Jan. 4
8t. Louis Southwestern
*9% 10
9%
9%
10% 10%
*9% 10%
*9% 10
9%
9%
9% Jan. 19 11% Jan. 2
250
Do
19% 19%
19% 19%
19% 19%
19% 19%
19% 19%
19% 20
I 814 Jan. 19 22% Jan. 2
8t. P aul & D uluth...........
46% 46% *45% 46%
46
46
46%
46
46%
46
46% *45
44% Jan. 19 48% Jan. 7
Do
104% 104% 103% 103% 104% 104% 104 106
105% 106
103 Jan. 19 106 Jan. 29
113 114% 112% 112% *113 114 *113 114
113% 113% 113% 113%
112% Jan. 19 116% Jan. 4
Southern P acific Co.
41
41%
405g 40%
40% 41%
40% 40%
40% 40%
40
40%
39% Jan. 4 41% Jan. 6
T exas & P a c ific .......
12% 13
12
12
12% 12%
12% 12%
12% 12%
12% 12%
12 Jan. 25 14% Jan. 4
*25% 26
25
25%
25% 26
26% 27
*25% 26
26
26%
233a Jan. 19 27% Jan. 4
T oledo <fe Ohio Central.
*42% 48
*42% 48
*42% 48
*46 .........
*42% 48
46
48
46
Jan. 28 48 Jan. 28
Do
*82
87
*82
89
*82
87
*82 . 87
*82
87
*82
87
83 Jan. 12 83 Jan. 12
U nion P a c ific . . .
465s 47%
47% 47%
47% 48%
47% 48%
48% 48%
47% 48%
45% Jan. 19 50% Jan. 4
21% 21%
21
21
21% 21%
22% 22%
2 1 % 22
21 % 22
20 Jan. 19 25 Jan.
W abash......................................
*13
14 ( 135a 135a 13% 14
13% 14%
14% 14%( 3,305 12% Jan. 19 15% Jan.
13% 13%
Do
p ref
30% 30%! 29% 30%
30
30%
30
30%
30% 31 I 31
31 %i 21,730 28% Jan. 19 33% Jan.
W heeling & Lake E rie...........
37% 38%| 36% 37%
36% 37%
37
36% 37%
36% 37%
37% ' 22,612 36 Jan. 19 40% Jan,
Do
p ref
78% 78%! 78% 79%
78% 79%
78% 79%
78% 79%
78% 79%
8,425 76% Jan. 19 80% Jan.
W isconsin Central C o............
18% 18%' *18% 19% *18% 20
20%
*19
20% *19% 20% '1 9
100 18 Jan. 19 21% Jan.
m is c e lla n e o u s Stocks.*
Am erican Cotton Oil C o.......
35% 35%[ 35
35%
35% 36
4
35% 35%
35% 36%! 36% 36% 10,381 32% Jan. 19
Do
p re i
66% 68
66% 66%
66% 67%
66% 66%
66% 67%
67% 67%
2,368 63% Jan. 19 70 Jan. 4
Am. S u g a r B e f.C o ..................
82% 83%
81
83
82% 83
82
82%
82% 8 3 %| 82% 82% 18,941 78% Jan. 19 88%.Jan. 7
Do
p re f.
91% 92%
92% 92%
92
93%
92% 92%
93% 94%
3,535 90 Jan. 19 94% Jan. 28
94
94%
Chicago Gas Co., trust re c’ts
75% 76%
75% 77%
77% 77%
77% 78
77% 78% 65,741 71% Jan. 2 80 Jan. 7
77% 78%
Colorado Coal & I r o n ............
37
37%
37
37
37
37%
36% 38%
37% 38% 13,755 35% Jan. 19 39% Jan. 11
37% 38%
Consolidated Gas C o___ . . . . .
102% 102% 102 102% 102 104% 104 104% 103% 104
104 104%
8,047 102 Jan. 15 104% Jan. 27
D istilling & Cattle Feed’g Co!
56% 58%
57% 58%
57% 58%
54% 56% 92,254 54% Jan. 29 60 Jan. 16
57%
58
56%
57%
Edison General E le ctric.........
91% 92
*90
92
*90
92
92
92
95
98 I 3,293 8 8 % Jan. 15 98 Jan. 29
92
93%
N ational Cordage C o ..............
97% 97%
96% 97
96% 97%
97% 97%
97% 98%
98% 98% 22,740 93% Jan. 19 99% Jan. 7
Do
p ref. 109% 110% 109% 110% 110 111
110% 112% 112 113% 113% 114 ! 14,354 100 Jan. 4 114 Jan. 29
N ational L ead Co.....................
35% 37
36% 37%
37% 37%
36% 36%
4,505 31 Jan. 2 39 Jan. 4
37% 37%
37
37
82% 83%
Do
p re i.
83% 83%
83% 83%
83% 83%
83
83
83
83%
2,220 81% Jan. 19 85 Jan. 4
N orth Am erican C o.................
15% 16
15% 155a 16
16%
16% 17
16
16%
16% 16%
13,790 15% Jan. 19 18% Jan. 4
Oregon Im provem ent C o ....... *27
28
*26
28
28
28
*26
28
26% 26% *27
29 i
30 26% Jan. 28 29% Jan. 4
P acific M a il...............................
37% 37%
86% 37%
37% 38%
39% 39%
38% 39%; 13,910 35% Jan. 19 40% Jan. 4
38
39%
P ipe L ine Certificates § ...........
63
63
62% 62%
62% 62%
61% 62%
61% 62%
61% 62% 173,000 59% Jan. 5 64% Jan. 12
Pullm an Palace Car C o........... 186 189
187% 187% 186% 187
186% 186% 187% 187% 188 188% I
684 184 Jan. 4 189 Jan. 18
Silver Bullion C ertificates.. . .
92% 92%
92% 925a 91% 92%
91% 91% 830,000 91 Jan. 27 95% Jan. 4
91
91%
91% 91%
Tennessee Coal & I r o n ........... *42
42%
41% 41%
42% 43
42% 43
43
43%
43% 43% ' 7,545 40% Jan. 19 44% Jan. 7
Do
p re i. *96 101
*96 100
*96 101
*96 101
*96 101
*96 101
......... 97 Jan. 11 97 Jan. 11
W estern U nion T elegrap h ___
82% 82%
82% 82%
82% 83%
83% 85
84% 85% ' 42,220 82 Jan. 19 85% Jan. 29
83% 84%
* These are the prices bid and asked; no sale made, $ Prices from both Exohanges
E x div. ||L ow est is e x div.
A tlantic & P a cific.......
Canadian P a cific..........
Canada Southern.........
Central o f N ew Jersey.
Central P a cific..............
THE CHRONICLE.
J anuary 80, 1892. j
195
NEW YORK STOCK EXCHANGE PRICES (Continued)—IN ACTIVE STOCKS.
Jan. 29.
I n active Stocks
il Indicates unlisted.
Bid.
Ask.
Range (sales) in 1891.
Lowest.
A labam a & VickburgTf___. . . . TOO 35
A lbany & Susquehanna........... .100 {161 162 161 Jan.
92
89
.100
125 Jan.
B elleville & South. 111. p r e f ... .100
102 Jan.
.100
32
31 Jan.
30
B rooklyn E le v a t e d !................. .100
Buffalo R ochester & P itts___ 100 { 40*2 40% 38% Jan.
79% Jan.
P re fe rre d ............ ................... 100
80*4
50
36 Jan.
Burl. Cedar Rapids & N or___ 100 40
C alifornia P a c ific !.......
15
100
Cedar Falls & M innesota......... 100
7 78 Jan.
150 Jan.
Cleveland & P ittsburg............ 50 H5Ò
io n
8
7*2 Jan.
7
Des M oines & F o rt D od ge___ 100
20
15
1914 Jan.
P referred ................................. .100
6% Jan.
65s
7%
D uluth S. bore & A tla n .il___ .100
15 Jan.
P r e fe r r e d !...............................
Î 15
25
Jan.
27
25%
•Flint & P ere M arquette........... .100
86
82 Jan.
P referred ................................. .100 82
7%
7 Jan.
Georgia P a c ific !....................... .100
6%
10 7g I l i a 10% Jan.
Green B ay Win. & St. P a u l... .100
4 Jan.
4
H ouston A Texas C entral....... 100
3%
92 J an.
Illinois Central leased lin e s ... .100 90
12 Jan.
Kanawha & M ichigan.............. 100
14
13
Keokuk & Des M oines............ 100
P referred .......................
100
Louisv. Evans. & St. Lo., cons 100
P re fe rre d ........................
100
Louisv. St. Louis & T ex a s....... m o
17
18% 14*2 Jan.
M ahoning C oal......................
50
85
P referred................................. 50
115
M emphis A Charleston............ 25
M exican N ational..................... 100
5 Jan.
M orris & E ssex.......................... 50 {1441s
14318 Jan.
N. Y . Lack. A W estern............ 100 109 111 108®8 Jan.
N. Y. & N orthern p re f.............. .100
19% 197r 17% Jan.
P eoria & E astern...................... 100 14
15 Jan.
16
Pitts. Ft. W ayne & C h ica g o... 100
.........153 Jan.
P ittsb u rg & W estern................ 50
......
* No price F rid ay: latest price this week
NEW
YORK
SECURITIES.
Alabam a—Class A , 4 to 5 ........1906
Class B , 5s.......................
1906
Class C, 4 s ................................1906
Currency fu nding 4 s............ 1920
Arkansas—6s, fund.H ol.1899-1900
do. N on-H olford
7s, Arkansas Central R R ............
Louisiana—7s, eon s.................. 1914
Stamped 4 s .....................................
M issouri—Fund.............. 1894-1895
162
Jan.
130
102
32
43%
81%
40
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Bid.
Ask.
Loan»
8% Jan.
20 Jan.
7% Jan.
1678 Jan.
27% Jan.
85% Jan.
7 Jan.
12% Jan.
4 Jan.
96 Jan.
14 Jan.
18% Jan.
5 Jan.
145 Jan.
1105s Jan.
26 Jan.
15% Jan.
154% Jan.
Bid.
Bank of New Y ork ...
Manhattan Co............
Merchants’ .................
Mechanics’..................
America......................
Phenix.......... .............
City.............................
Tradesmen’s ..............
Chemical.....................
Merchants’ Exchange
Gallatin National___
Butchers’ & Drovers’.
Mechanics’ A Traders
Greenwich..................
Zieatnei Manufact’rs.
Seventh National......
State of New York....
American ExchangeCommerce ..................
Broadway....... ...........
M ercantile.............. .
Pacific........................
Republic.....................
Chatham.....................
Peoples’ . ....................
North America...........
Hanover.....................
Irving.........................
Citizens’ . . . . . ...........
Nassau.......................
Market & Fulton.......
St. Nicholas................
Shoe A Leather..........
Corn Exchange..........
Continental................
Oriental......................
Importers’ & Traders’
Park............................
East River...... ..
Fourth National........
Central National..
Second National........
Ninth National.........I
First National......
Third N ational.......*
N. Y. Nat’l Exchange
B ow ery...............
New York County..”
German-American....
Chase National........I
Fifth A v en u e...........
German Exchange...'
Germania................ .
United States.............
Lincoln.......................
Garfield......................
Fifth National..........
Bank of the Metrop...
West Side....... ...........
Seaboard....................
Sixth National...........
Western National___
First National,B’klyn
*
1.966.8
2.050.0 1.580.3
979.8
2, 000,0
2 ,000,0 2.029.5
3.000.
0
2.197.7
452.2
1.000.
0
1,000,0 2.422.0
126.5
750.0
300.0 6.723.0
151.5
600.0
1,000,0 1.511.7
306.2
•300,0
420.9
400.0
150.3
200.0
552.1
600,0
70,0
300.0
483.5
1.200.0
5.000. 2.087.5
0
5.000. 3.423.5
0
1.000. 1.691.3
0
1,000,0 1.031.4
433.4
422,7
960,8
1.500.0
820.5
450.0
318.3
200.0
584.4
700.0
1,000,0 1.740.3
325.3
500.0
440.4
600.0
250.5
500.0
797.7
760.0
120.7
600.0
258.0
500.0
1,000,0 1.210.9
280.8
1,000,0
416,9
300.0
1.500.0 5.383.8
2,000,0 2.814.5
144.5
250.0
3.200.0 1.798.4
543.2
2, 000,0
406.3
300.0
262,2
750.0
500.0 6,805,7
43,5
1, 000.0
164.0
300.0
500.3
250.0
200,G
571.7
293.4
750.0
500.0 1.050.4
849.4
100.0
200,0
543.1
493.3
200,0
518.8
500.0
370.4
300.0
393.7
200.0
313.9
150.0
649.3
300.0
253.3
200.0
198.8
500.0
352.9
200.0
194 2
2.100.0
793.3
300,0
12,000,0
11.073.0
8,516,7
8/675,0
16.071.7
5.259.0
12.705.6
2.286.3
23.158.0
4.050.9
5.705.0
1.623.9
2.420.0
1.114.4
3,064,6
1.340.0
3.497.4
15.516.0
18.633.2
6.897.4
9.236.0
2.751.5
11,614,4
6.363.1
2.382.2
6.051.4
16,035,9
3.380.0
2.979.1
2.636.1
4.072.6
2.080.9
3.135.0
8.645.0
5.538.7
2.060.0
25.142.0
25.358.8
1.156.9
24.103.6
8.275.0
4,9? 0,0
3.007.0
26.991.2
4.194.5
1.610.8
2.642.0
2.919.4
2.796.8
11.832.7
6.009.5
2.838.1
2.736.6
5.585.1
3.935.6
3.402.8
1.822.8
4.480.3
2.275.0
3.860.0
1.550.0
10.316.2
4.060.0
S
3.000,0
2.947.0
2.226.7
}, 465,0
4.227.4
1.997.0
4.021.8
n
6.203.0
, 598,4
1.137.5
349.6
230.0
194.3
631.8
320.1
239.7
4.677.0
3.495.2
1.144.8
2.100.3
„ 564,7
2.118.4
1.258.8
389.4
861.7
5.746.9
592.6
1.176.8
600.8
703.4
147.6
643.0
1.827.5
1.539.1
156.9
7.693.0
7.183.0
140.5
5.437.0
3.255.0
1.453.0
883.2
6,692,7
466.3
158.6
656.0
800.0
648.9
3.234.9
966.3
190.2
387,8
1.959.4
989,5
746.2
317.3
1.083.6
371.0
1.010.0
180.0
2.582.5
990,0
59,872.7 66,007,9 447,202,6 1104024
9
9
760.0
434.0
1.255.0
1.348.0
252.0
1.594.0
244.0
2.726.0
620,6
445.4
310.8
320.0
133.1
398.5
54,5
416.6
2,219,0
3.771.9
265.5
727.3
450.1
2.087.6
824.1
12.157.0
9.334.7
7.884.0
17.694.1
6.274.0
15.334.3
2.402.1
25.126.0
4.785.5
5.210.0
1.879.0
2.430.0
1,121,9
2 934,9
1.473.3
2.873.8
15,7>0,0
1.7.078.3
6.197.0
10,214,9
3.433.0
13,978.5
7.113.1
3.296.3
5.440.8
18,965,7
3.431.0
3.787.9
3.237.9
4.293.2
2.083.6
3.923.0
8.399.7
6.613.3
2, ¿90,0
28.836.0
31.535.3
1,094,6
26.793.4
10.906.0
6.037.0
3.990.5
27.572.2
4.185.2
1.577.6
2.932.0
3.398.2
2.765.1
14.999.2
5.373.6
3.623.9
8.213.3
6.811.2
4,431,2
4,438,5
1,989,1
5.311.7
2.438.0
4.535.0
1.445.0
2.164.9
4.393.0
2 , 000,0 13.220.0
222,0
483.3
825, <■
229.4
178.9
339.8
500.9
195.2
411.0
322.0
222,8
664.6
1.863.0
3.179.6
196.7
1,911,3
709.0
20
15
Jan.
Jan.
150
147
Jan. 150
Jan.
117% 116% Jan.
96
10
75
80%
94%
15
148
98
13
76
83
102
17
152
30
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
117% Jan.
99
13
79%
81%
102
18%
151%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
20% Jan.
62 Jan.
2 4 78 Jan.
64 Jan.
1878 Jan.
21
20
25
30
12
451® 44% Jan.
300
Jan.
45% Jan.
4
22
15
4
5
.100
22
.100
20
100
100
49%
100 î 140 Í4 5
Ask.
140
Jan.
4 Jan
22% Jan.
15 Jan
54 Jan.
Jan. Il45 J a n .'
Jan.
Jan.
Jan.
29.
SECURITIES.
Bid.
A sk.
S.C. (cont.)—B row n consol.6s.1893
98
Tennessee—6s, old .........1892-1898
62
72
C om jrom ise, 3-4 -5 -6 S ......... 1912
New settlem ent, 6 s...............1913 105 106
5 s ............................................... 1913
100
3 s ...............................................1913
68% 69
50 __
Virginia—68, o ld ................................
50
6s, consolidated b on d s.................
_...
35
6s, consolidated, 2d series, reots.
6s, deferred, t’ s t r e c ’ ts, stam ped
8%
9*
Capeta' X
Sarulus,
dftett. Urijaix. Deposits, r
Clearing»
if
9
$
N. Y o rk .*
$
$
$
$
Dec. 2 6 .... 125.380.6 429.255.4 96,392,5 36.914,1 455.306,3 5,604,7 641.611.0
Jan. 2 ... 125.380,6 438,616,4 95,972,2 37,814,4 466,218,2 5,537.4 669,345,4
U 9 .... 125.380.6 444.298,9 99,050,1 39,256,6 477.382,3 5,563,0 941.981.2
15 ... 125,380,6 445,833,2 1045693 41,604.8 486,392,3 5,590,7 859.462.0
.*• 2 3 .... 125,380,6 447,202,6 1104024 46,968,6 497,472,4 5,566,7 790.342.2
B oston.
Jan. 9 ... 64,642.9 157,304,1 9,244,0 6.282,3 141,362,8 4,214,7 116.421.0
“
1 6 .... 64,642,9 157,887,5 9,342.5 6,753,3 143,212,0 4,107,0 105.034.0
2 3 . . . 64,642,9 159,082,8 9,207,3 6,696,0 142,197,1 4,191,4 93,969,3
P hil a.*
Jan. » ... 35,793,7 95,919,0
33,676,0
103,396,0 3,341,0 86,689,1
*' 16 .. 35,793,7 9.6,166,0
104,868,0 3,343,0 71,079,6
34,605,0
2 3 .... 35,793,7 96,452,0
104,284, u 3,336,0 70,308,8
35,018,0
* We omit two ciphers in all these fljares. t Including, for Boston and Phila
ielDhia. the item “ due to other banks.”
City Railroad Securities—Brokers’ Quotations.
Atlantic A v., B ’klyn. St’k.
Gen. M., 5s, 1909...AAO
Sl’ckerSt. A Fui. F. —Stk.
lstm ort., 7s., 1900-.JAJ
Ir’dway A 7thAv.~St’k ..
ls t mort., 5s, 1904 .JAD
2d mort., 5s, 1914. ..JA J
8’ way lst, 5s, gu...... ’ 24
2nd 5s, int. as rent., ’05.
drooklyn City—Stock.......
lstm ort., 5s, 1902..J AJ
B’klyn crosst’n 5s., 1908
Bkn.C’y A N ’n5s,1938 J AJ
,’entrai Crosstown—St’ k..
ls t mort., 6s, 1922.MAN
lent. Fk.N. A E.Riv.—Stk.
Console.7s, 1902 ...J A D
dry Dk.E.B. A Bat’y—Stk.
lstm ort., 7s. 1893.. J AD
106
100
26
111
190
104
104
103
92
177
104
108
100
135
115
119
115
115
100
no
102
29
114
195
106
105
95
180
106
110
102
140
117
12 2
117
120
103
Dry Dock E. B’y A B.—
S crip ................................
Eighth Av.—Stock............
EighthAv.—Scrip, 6s, 1914
423 A Gr’nd St. F’ry—Stk.
1st mort., 7s, 1893.AAO
42d St. Manh. A St.N.Ave.
ls t mort., 6s, 1910.. MAS
2d M„ incom e,6s....JA J
Houst. W. St. A P. F’y—Stk.
lst mort., 7s, 1894..JAJ
Ninth A v e.................. . . . .
Se ¡ond Ave.—Stock..........
lstm ort., 5s, 1909.MAN
Third Ave.—S to ck ...........
ls t M., 5s, 1937......JAJ
Twenty-third St.—Stock..
ls t mort. 7s, 1893..........
99
215
105
245
102
39
110
49
200
100
95
95
100
175
220
108
240
102
ICI
109
105
41
112
51
107
100
100
103
230
111
104
Bank Stock List—Latest prices o f bank stocks this week,
BANKS.
Bid. Ask.
im e n c a ....... 2D
km, E x o b ... 150
315.3
Bowery........
305
1.219.1
Broadway...
622,0
Butchs’A Dr.
340.2
Central........ 130
175.0
Chase........... 425
148.0
Chatham___ 420
155.3
Chem ical.... 4400
1.823.1
City..... ......... 47C
350.3
Citizens’ . . . T. 152
768.8
Columbia.... 250
379.8
Commerce... 181
146.4
Continental.'
203.9
Corn E xch...
693,2!
Deposit........ 115
273.9
Blast R iver., 150
309.9
llth Ward... 200
267.0
Fifth A ve___ 2000
298.0
Fifth........... 310
310.0
First............. 2500
1.542.9
First N., S. I. 109
323.0
14th Street..
46,96
497^472,4 F o u r th ....... T8<r
202.0
3378 Jan.
New York City, Boston and Philadelphia Banks :
Ran Kb.
Legal». Deposit».
Highest.
37
Quicksilver M ining...................
P referred .................................
Texas P acific Land T ru st.......
U. S. E x press.............................
W ells, F argo E xpress...............
SECURITIES.
Specie.
Lowest.
M iscellaneous Stocks
100 148
A m erican Bank N ote C oil.......
Am erican E xpress................... 100 {117
100 { 80%
Am erican T obacco Co., p ref . 100
Brunsw ick C om panv............... 100 { 12
Chic. June. R y. A Stock Yards .100 { 75%
P referred................................. .100
80%
Citizens’ Gas of B rooklyn ....... 100 {101
Columbus & H ocking C oal___ .100
15
Comm ercial Cable.................... .100 150
Consol. Coal o f M aryland....... 100
Laclede G as.............".................
l 22
Do
n r e f______ ______ 100
Lehisrh A W ilkes. CoallT_____
100
24
100 t 80
100 ] 20
100 27
100
u.
100
100 44
50 260
mu
102%
N ew Y ork—6s, lo a n ___ .......... 1893 102
105 105% N orth Carolina—6s, old ............JA J
30
92%
F unding a ct....... ....... .......... 1900
10
94% 95%
N ew bonds, J. A J ___ 1892-1898
20
15
7
Chatham R R ...............
3
7
155 185
Special tax , Class 1 ...
4
7
4
10
Consolidated 4 s ......... .......... 1910
9 7 78 100
105
6 s................................... .........1919 122 125
34
85
Rhode Island—6s, c o u .. 1893-1894 102
104
South Carolina—6s, non-fund.1888
2%
3
Capital. Surplus.
Range (sates) in 1 8 9 2 .
Ask.
STOCK EXCHANGE PRICES.—STATE BONDS JA N U A R Y
Ba n k s .
(00* omitted.)
T toal.
Bld.
Rensselaer & Saratoga............ 100
10u
! St. Louis A lton & T. H ............ 100 31
34
32% Jan.
1 00 126 135
1St. L. & San Fran. 1st p ref
100
100
31*
4.1c
1Toledo P eoria & W estern!!___ 100 { 20% 2 2 % 17% Jan!
T oledo St. Louis & K . C ity ! ..
1 15
8% Jan.
V irginia M idland............
100
7 78 Jan.
154 Jan.
New York City Bank Statement for the week ending Jan*
23,1891, is as follows. We omit two ciphers (00) in all cases.
$
2 , 000,0
Jan. 29.
I nactive Stocks .
ITIndicates unlisted.
Highest.
R a ilro a d Stocks.
(J Indicates actual sales.)
BANKS.
Bid. Ask.
312
Garfield___ _ 400
German Am. 122
330
330
135 ' Greenwich... 145
345
[Hud. R iver.. 145
4800 Im. A Trad’ s’ 545
Irving........... le5
Leather M is’! 235
160
400
Manhattan... 182
180
Market A Fui 220
135
188
M’ohs’A Trs’. 180
117
[Mercantile... 220
210
162
3<6
280
115
127
360
195
260
225
190
220
154
Merch’ts E x. 123 129
8% 10
375
300
Murray HÜ1. 310
....
Nassau......... 165
BANKS.
Bid. Ask.
233
N.Y. County. 605
N .Y .N atE x. 130
104
19th W ard.. 160
N. America.. 160
225
Pacifio......... 190
P a rk ............ 300
People’s........ 290
P hen ix.... .. 125
Produce E x. 118
R ep u blic. . . . 170
Seaboard ___ 172
125
Seventh........ 126
ShoeALeath. 150
115
State of N.Y. 109
100
100
200
W estern...... 123
West Side... [200
240
650
112
320
135
125
180
.....
. ••
160
115
106
125
A
THE CHRONICLE,
196
[V O L . L I V ,
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stocks,
if Indicates unlisted
Atoll. T. & 8. Fe (Boston) .100
A tlantic & P ac.
“
100
Baltim ore & Ohio (Balt.).IOC,
l e t preferred
“
ICO
J d preferred
“
10 0
Boston & A lb any (Boston>.100
B oston & L ow ell
“
100
Bostpn & M aine
“
100
Central o f Mass.
“
100
.P referred
“
100
(m ic.Bur.& Quin.
“
100
Cfcic. Mil. & St. P. (P h il.). 100
Chic. & W. Mich. (B oston). 100
Cleve. & Canton
“
.100
P r e fe r r e d ...,
“
100
F itchburg pref.
“
100
FI, & P ere Marq.
“
100
.P referred
“
100
Hunt. & Br. Top. (Phila ) . 50
.p referred
*
50
L ehigh V alley
“
50
M aine Central (B oston). 100
M exican Central
“
100
N. Y . & N. Eng.
“
100
P referred ___
“
100
Northern Central (B a lt.). 50
N orthern P acific (P hila .) . 100
_ p referred
“
100
Old C o lo n y .. . . (B oston). 100
P en n sylva n ia.. (P h ila .). 50
Philadel. & Erie.
“
50
Phila. ¿ R e a d in g
“
50
Summit Branch (B oston). 50
U nion Pacific
“
100
United C os.of N.J.fP/u7a.>100
W estem N .Y .& P a(Phila.). 100
I-Jsi,
n tia c M la n e x n « S to c k s .
A ta.Sug’rRefin.fl (Boston) . . . .
P referred.........
“
H e ll T elep h on e..
?*
100
Host. & M ontana
“
25
B u tte & B o sto n ..
“
25
Calum et & H ecla
“
25
C anton Co........... (B a lt.).100
C onsolidated Gas
100
B rie Telephone (B oston). 100
Dam son Store Ser. “
50
Hehi’ h Coal&Nav ' Phil.j 50
N .Rng. Telephone (B o s fn ) 100
N orth A m erican. (P h il.).100
Thjomson-H’n E l. .(B ost'n) 25
“
25
'Preferred...........
W est E nd L a n d ..
“
* B id and ashed prices;
Inactive Stocks.
|3p* S h a r e P r i c e s — n o t P e r C e n t u m P r i c e s .
Saturday,
Jan. 23.
42
*4%
93%
’130
113
200%
173
160ia
*16%
35
108%
79%
* 6%
*2 1 %
83%
42%
5%
93%
140
200 %
174
160%
17%
35
108%
80%
221*.
83%
27%
84%
26%
47
50%
41%
*4%
93
41%
93
41%
5
92%
*130
*116
200%
”173%
160
*17
*35
108%
80%
200% 20034
*173
160 160%
*16% 17%
*34% 36
107% 108
79% 79%
*51
”6
6%
6%
21%
*20%
83
83
83
*25
*25% 27
*
*82
84
2534
25% 26
46%
46% 46%
50%
50% 50%
W ednesday,
Jan. 27.
42%
5
93%
42
*5
93
*130
*116
201
201
174%
175
160% 159%
16%
18
*34
36
109% 109
80%
80%
7
*6
21% 21%
82%
83
27% *25
81
84
25%
26%
46^& 46%
51
50%
*82"
26%
46%
50%
115
2034 21% 20%
”2114
20% 21
503& 50
50
49% 50%
49% 50%
107%
107% 108
108
107% 103 *
*
* 68 %
69
69
69
23%
23% 24
23% 23%
23% 21
66% 67%
66%
66 % 67
65% 66%
169% 169% *169 169% 169 169% *169
55% 55%
5538
55% 55%
55% 55%
42%
5%
93
Sales
Thursday^
Jan. 28.
42%
93
*130
*116
201
201
174% K__
160% 159
16%
16%
36
35
110% 109%
8C%
80%
52%
*6
21%
21
82%
82%
27%
81
*80
25%
26
47
*46%
50%
51%
42%
93%
201%
175
160
16%
35
110%
81%
52%
21
82%
Friday,
Jan. 29.
W eek,
Shares.
42
42%
4%
5
93% 94%
’ 130 ........
’ 1 1 6 % .........
201 201%
174 174
160%]160%
*16% 17%
*34
36
109% 110%
81
81%
*51 .........
*6 .........
*20 .........
82
82 h
84
26
47%
51 -
20%
20% 20%
50%
50
51%
108
106 108
69%
24%
24
24%
67%
67% 68%
169% 169 169
55%
553g 55%
33
33
20% 211, k 209ie20t3lf
81%
26%
47
51
115
19%
50%
105%
‘ 69
24%
67%
168%
55%
32
20%
81% 82%
82% S3
92% 92%
92
92%
207% 208
208 208
35%
35
34% 35
15
*14% 14%
15
263 265
*263 265
*62
64
*62
65
47% 47%
47% 47%
45% 45%
45% 45%
*16% 17%
16%, 17
48% 48%
*48% 49
*50
51
51
51
15% 15%
15% 15%
5134 51%
51% 51%
26% 26%
26% 26%
*17% 17% *17% 17%
no sale was made.
Bid.
Ask.
Prices o f Jan. 29.
MISCELLANEOUS.
A llouez M ining.........(Boston) . 25
1%
A tlantic M ining.........
“
25
8%
C ity Passenger R R ... (Balt.). 25
B ay State Gas............. (Boston). 50
30%
“B oston Land
~
'
10
6%
Centennial M in in g ...
10
8%
12%
F o rt W ayne E lectric If
25
Franklin M ining.......
12
25
Frenchm ’n’s B ay L ’ nd
5
4
H u ron M ining............
25
3
Illinois Steel IT..........
100
79%
Jtearsarge M ining___
25
10
M orris Canal guar. 4 . (Phila.). 100
75
Preferred guar. 1 0 .
“
100
197
Osceola M ining...........(Boston). 25
25 %
P ew abic M ining.........
“
25
Pullm an Palace C ar..
“
100 188
Quincy M ining...........
“
25
Tam arack M in in g ....
“
25 155
fl
TOO
f Unlisted, § And accrued interest.
1%
8%
30%
8%
13
12%
80
10%
26%
189
160
82%
93
209
34%
14%
266
62
47%
45%
* .....
43%
*
16
51%
26%
17%
82
83
93
93%
210
209
35
35%
14%
15
266 *265
62
*61%
48%
43%
*45
46
1 / ■V
49
49
52
*50
16%
16%
51%
51%
26%
26%
17%
17%
82%
82% 8338
93
94% 94%
210
209% 210
35
34% 35
15
15
15%
265 266
270
62
62
48
48%
48%
45% 46
17
49
48% 49
51% 52
52
163a 16%
16%
51% 51%
51%
26%
27
27
1738 1738
17%
Inactive stocks.
Bid.
82%
94
208
33%
14%
266
*62
47%
46
*16%
49
*52
16%
51%
27
16%
Ask.
Thom.Europ.E.WeldTT (Boston) 100
4
W ater P ow er..................
“
100
4%
12
13
W esting. El. tr. rec.lj
“
50
B o n d s —B o s t o n .
83%
At.Top.& S.F.100-yr.4g.,1989, J&J § 83
100-year incom e 5 g., 1989.Sept. § 63% 63%
Burl. & Mo. R iver E xem pt 6s, J&J §116
N on-exem pt 6 s............ 1918, J&J
Plain 4 s ..........................1910, J&J § 86%
Chic. Burl. & Nor. 1st 5,1926, A&O §103% 104
104
2d m ort. 6 s..................1918, J&D §103
Debenture 6s.............. 1896, J&D §102 103
Chic. B url.& Quincy 4s ..1922, F&A § 91
93
Iow a D ivision 4s....... 1919, A&O § 92
Chic.&W. Mich. gen. 5s, 1921, J&D § 96
Consol, o f Verm ont, 58.1913, J&J § 93% 93%
Current R iver, 1st, 5 s..1927, A&O
Det. Lans. & Nor’ n M. 7s. 1907, J&J §107%
122
E astern 1st m ort. 6 g., 1906, M&S
Eree.Eik. &M. V .,lst, 6S.1933, A&O §123
Unstamped 1st, 6 s___ 1933, A&O §.........
K.C.C.&Spring., 1st, 5g., 1925, A&O A
93
K. C. F. 8. &M . con. 6s, 1928, M&N §106%
K.C. Mem. & B ir.,1st,5s,1927, M&S
68
K.
C. St. Jo. & C. B ., 7 s ..1907, J&J
L. R ock & Ft. S., 1st, 7 s .. 1905, J&J § 95% S6
Louis.,Ev.&St.L., 1st,6g .l92 6, A&O 5107%
2m., 2—6 g ..................1936, A.&0 § 89
91
Mar. H. & Ont., 6s........1925, A&O § 99
§101 102
E xten. 6 s...............................1923,J&D
M exican Central, 4 g ...l9 1 1 , J&J § 70% 71
1st consol.incom es, 3 g, non-cum.
2d consol, incom es, 3s, non-cum. Ï 3415 21
N. Y . & N .Eng,, 1st, 7s, 1905, J&J §121%
§112%
1st m ort. 6 s ....................... ..1 905, J&J
2d m ort. 6 s ............................1902,F&A
I 105 105%
2d m ort.,scaled , 5 s... 1902, F&A
Ogden. & L. C .,C on .6s.l92 0,A & 0§
Inc. 6 s .................................. „ 1 9 2 0
R utland, 1st, 6s............. 1902, M&N '§109
2d, 5s............................ 1898, t’ &A §100%
B o n d s .—P h ila d e l ih i a
,
Allegheny Val.,7 3 10s, 1896, J&J 109 111%
105%
A tlantic City 1st 5s, g., 19 19,M&N
Belvidere Del., 1st, 6 s ..1902, J&D 111%
Catawissa, M., 7 s .........1900, E'&A 118
Char. Cin.& C h ic.lst 5g, 1947, Q—J
Clearfield & Jeif., Ist, 6 s . 1927, J&J | 118
Connecting, 6 s .........1900-04, M&S 1116
D el. & B ’dJBr’lt, 1st, 7 s .l9 0 5 ,a & A ! 129
E aston& A in . IstM ., 5s. 1920, M?&Nj 109
Elmir. & W ilm ., 1st, 6 s .1910, J& J. ....... 122
H unt. & Br’d Top, Con. 5 s.’ 95,A&O 103
Lehigh N a v .4 % s...........1914, Q—J 109
2d 6s, g old ....................1897, J&D 110% 111
General m ort. 4%s, g . 1924, Q—F 100%
Lehigh V alley, 1st 6 s ...1898, J&D 114%
2d 7 s..............................1910, M&S 136
Consol. 6 ......................1 9 2 3 , J&D 126%
North Penn. 1st, 7 s . ...1 8 9 6 , M&N 112
Gen. M. 7 s .....................1903, J&J; 125%
Pennsylvania gen. 6s, r ..l9 1 0 , V ar 131
Consol, fis. c
............1905. Var t ...
1 L ast p rice this week.
33,135
350
739
Low est.
Highest.
40%
4%
84
130
116
199
173
159
16
33
106%
77%
50%
6
21
81%
Jan.
Jan.
J an.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
IS
21
6
12
18
8
5
28
4
2
19
19
11
6
20
19
46% Jan.
5% Jan.
94% Jan.
130 Jan.
116 Jan.
201% Jan.
175 Jan.
165% Jan.
18 Jan.
38 Jan.
110% Jan.
83% Jan.
53% Jan.
6% Jan.
23 Jan.
86% Jan.
4
5
19
12
18
23
4
2
8
9
28
7
4
8
4
4
81%
11 81
1,511 25%
20%
47
1,077 46%
51
862 50%
.........
115
20%
7,150 19%
50% 14,032 42%
107%
1,905 103
70
76 68
24%
5,085 23%
68% 24,123 65%
168%
44 164%
8,536 55
55%
33
441 32
2 0 7s 60,755 193*6
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
27
27
21
13
6
29
2
2
19
25
19
5
19
29
19
86%
23
49%
51%
117
24%
52%
114%
69
26%
72%
169%
57%
33
21%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jun.
Jan.
16
2
2
5
16
4
8
9
2f>
5
2
20
2
22
11
8,483 45% Jan. 19 50% Jan.
51 225 Jan. 8 226 Jan.
9% Jan.
59
8 Jan. 19
4
5
4
20% 20%
205,« 20%
20% 20%
*5
* 5 % .........
47%
47%
47% 48%
48%
46%
47% 47%
48% 48%
48
48%
225 225 *
225% *
225 225
225 225
225% 225 225
*8%
*8%
8%
8%
8%
8%
8%
8%
8%
*8%
8%
A tlanta & Charlotte (Balt.) .100
90
B oston & Providence (Boston). 100 250
25
Catawis8a.........'.
50
9
8
1st preferred.
50
60%
. 2d p referred ..
50
57%
(Ball.) 50
51%
Chari. Col. & A ugusta
100
10
20
Connecticut & Pass. (
122
C onnecticut R iv e r ...
“
100 227
Delaw are & Bound Bv. (P hila.).100 160
H ar. Ports. Mt.Joy&L.
“
50
80
B a n . C’y Ft. S. & Mem. (Boston). 100 45
¿ P r e f e r r e d ............. .
“
100 117 125
K C ity Mem. & B irm .
“
100
16
22
l i t t l e 8chuylkiil....... (Phila.). 50
69
M anchester & L a w .. (Boston). 100
M aryland Central___
(Balt.) 50
M ine H ill & 8. H aven (Phila.). 50
70
N esqu eh on in g V al....
“
50
54
N orthern N. H ............ (Boston). 100
N orth P ennsylvania. (Phila,). 50
84
85
Oregon Short L in e. . . (Boston) . 100
30% 31
P arkersburg................
(Balt.) 50
Pennsylvania & N. W . (Phila.) 50
47
R aleigh & G a sto n ___
(Balt.) 100
R utland.........................(Boston). 100
P referred.................
100
70
Beahoard & R oanoke. (Balt.) 100
o 1st p referred ............
“
100
W est E n d ..................... ¡(Boston). 50
72% " 7 3 "
P referred......................
“
50
84%
W est Jersey..................(Phila.). 50
58
W est Jersey & Atlan.
“
50
16
W estern M aryland..
(Balt.). 50
14
17%
Wilm. Col. & A ugusta
“
100 107
W ilm ingt’n& W eldon
“
100
W isconsin C en tra l... (Boston). 100
19
19%
Preferred.....................
“ 100
W orc’st.Nash.&Roch.
“
100
Tuesday,
Jan. 26.
M onday,
Jan. 25.
82%
94%
209
34%
15
2661
63
47%
46
17
49%
......
17
52
27
17%
223
11
626
14
265
19,573
8,600
4
100
105
416
4,233
2,302
591
3,903
1,025
125
15*2
1,319
138
100
1,097
40
3,682
4,272
1,094
2.502
78%
99%
201
33%
14%
258
60%
43
43%
15%
48%
51
15%
49%
26%
16%
Jan.
Jan.
Jan.
-'an.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
13
18
2
29
22
6
4
5
2
21
19
12
19
19
2>)
29
88%
94%
210
40%
17%
266
62
48%
47
17
49%
52
18%
52
27
18%
Bonds.
Penna. Consol. 5s, r ........ 1919, Var
Collat. Tr. 4% g .......... 1913, J&D
Pa. & N. Y. Canal, 7 8 ... 1906, J&D
Consol. 5s..................... 1939, A&O
Perkiom en, 1st ser., 5s. 1918, Q—J
Pnila.& Erie gen. M. 5g.,1920, A&O
Gen. m ort., 4 g .......... 1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. incom e, 5 g, 1958, Feb 1
2d pref. incom e, 5 g, 1958, Feb. 1
3d pref. incom e, 5 g, 1958, Feb. 1
2d, 7 s............................ 1893, A&O
Consol, m ort. 7 s___..1 9 1 1 , J&D
Consol, m ort. 6 g .........1911, J &D
Im provem entM . 6 g., 1897, A&O
Con. M .,5 g.,stam ped,1 9 2 2 ,M&N
Phil. Wilm. & Balt., 4 s .*917, A&O
Pitts. C. & St. L., 7 s . . . . 1900, F&A
P o’keepsie Bridge, 6 g. 1936, E’ &A
S chuyl.R .E .S ide,lst5 g.1935, J&D
8 teu b en .& In d .,lstm .,5 s.l9 l4 , J&J
United N. J . , 6 g .............1894, A&O
Warren & Frank.,1st,7s,1896,E'&A
B o n d s .—B a lt im o r e .
A tlanta& C harl., 1st 7s, 1907, JfcJ
Incom e 6 s................... 1900, A&O
Baltimore & Ohio 4 g ., 1935, A&O
Pitts. & Conn., 5 g . . . l 9 ‘25, F&A
Staten Island, 2d, 5 g .19 26, J&J
Bal.&Ohio S.W .,1st,4%g. 1990, J&J
CapeF.&Yad.,Ser.A.,6g.l9L6, J&D
Series B., 6 g ................ 1916, J&D
Series C., 6 g ................ 1916, J&D
Cent. Ohio, 4% g .............1930, M&S
Chari. Col.&Aug. 1st 7 s .1895, J&J
Ga. Car. & Nor. 1st 5 g .. 1929, J&J
iNorth. Cent. 6 s ................ 1900, J&J
6 s.................................... 1904, J&J
Series A , 5 s...................1926, J&J
4 % s ............................... 1925, A&O
O xf.&Clark.,iut.gu.,6 g. 1937,M&N
Piedm.& Cum .,1st, 5 g.19 11, F&A
Pitts. & Connells. 1st 7s. 1898, J&J
Virginia Mid., 1st 6 s . ..1906, M&S
2d Series, 6 s..................1911 M&S
3d Series, 6 s ................ 1916, M&S
4th Series, 3-4-5s....... 1921, M&S
5th Series, 5 s ...............1926, M&S
W est Va. C. & P. 1st, 6 g . 1911, J&J
West’s. N.C. Consol. 6 g .1914, J&J
Wilm. Col. & A ug., 6 s .. 1910, J&D
MISCELLANEOUS.
Baltimore—City H a ll6 s. 1900, Q—J
F unding 6 s ...................1900, Q—J
W est MaryI’ d R R . 6 s .. 1902, J&J
W ater 5 s ..................... 1916, M&N
Funding 5 s.................. 1916, M&N
E xchange 3% s. ........... 1930, J&J
Virginia (State) 3s, new . 1932, J&J
Chesapeake Gas, 6 s....... 1900, J&D
Consol. Gas, 6 s................ 1910, J&D
5 s . ........
1939, J&J
Eauitahle Gns. O s ..... 1013. A&O
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
7
29
15
4
5
26
21
18
7
4
4
5
2
29
28
4
Bid. Ask.
113
,106
421
110
102%
113%
99
8334
74%
58%
40%
105
129%
__ TW
.
__ a
115
103
99%
84
75
587e
41%
.........
105%
104
116%
64%
103
103
108% .........
118 120
1 0 1 % lo 3
100 101
107 . . . . . .
102
98
98
98
102%
99
99
99
103% 104
101% 102
112 I 112%
113 116
107% 108%
100
ÍÍ23¿¡ 112%
117 i
117
108 1110
107%; 108
90 ' 95
115
115
115
117
116
116
118
124% 125
102
72
74
105% 106
lll% !lL 2 % t
97% 93
107% 108
THE CHRONICLE.
J anuary 30, 1892.1
197
NEW YORK STOCK EXCHANGE PRICES (Continued).—ACTIVE BONDS JAN. 29, AND FOR YEAR 1892.
. Olos’ng Range (sales) in 1892
R a il r o a d and M iscel . B onls . Inter*st\ Trice ---------------------------- —PeriocUJan. 29
Lowest.
Highest.
Amer. Cotton Oil, del)., 8 g.1900 Q -F 111% 107% Jan.
83% Jan.
A c.Top.& S.f'.—1 0 0 -y r .,4 g .l9 8 9 J & J 83%
62% Jan.
63%
100-year in c o m e ,5 g ....... 1989 Sept.
72% Jan.
13*3
A tl. & P ac.—W.D. inc., 6s. 1910
13% Jan.
Guaranteed, 4 g ............... 1937 J & J 72*3
B rookl’ n E levat’ d 1st, 6, g . 1924 A & O l l i s ^ b ,111 Jan.
J
&
J
105%
Jan.
107
b
Can. South.—1st guar., 5s 1908
6» 2d, 5s...................................1913 M & 8 102% 101 Jan.
74%
Jan.
75%
Cent. Ga.—S & W. 1st con.5s,’ 29 . . . . . . .
Central o f N. J.—Cons., 7s. 1899 Q—J 116%b, |115 Jan.
Consol., 7 s .........................1902 M & N 122 b. 120 Jan.
109% Jan.
General m ortgage, 5 g . . 1987 J & 4 111
11014b. 109% Jan.
Leh.& W .B .,con.,7s,as’d . 1900
do. m ortgage, 5 s .........1912 M & N *96 b. 94 Jan.
Am . D ock & Im p., 5 s ....1 9 2 1 J & J 107% 105% Jan.
Central Pacific—G o ld ,6 s..1898 J & J 110%b. 109% Jan.
Ches. & Ohio—M ort., 6 g ..l3 1 1 A & O 118 b. 115% Jan.
1st con sol.,5 g ..................1939 M & N !0 4 78 103% Jan.
R .& A .D iv .,lstco n .,2 -4 g .l9 8 9 J & J 77%b. 76 Jan.
do 2d con., 4 g . . . 1989 " & " 79 n 75% Jan.
C hic. Burl. & Q.—C on .,7s. 1903 J & J 122 b. 121% Jan.
D eben tu re,5s....... ...........1913 V 4 . . S 102 % 101 Jan.
112% Jan.
Convertible 5s................. 1903.M & S 113
D enver Division, 4 s .......1922 F ® A 94 b
89 Jan.
Nebraska Extension, 4 s .l9 2 7 M. & N 91
Chic. & E. 111.—1st,s.f.,6 s. 1907 J & D 114 b 112% Jan.
C on sol.,6 g ........................ 1934 A & O 122 b 122 Jan.
97 Jam
General consol. 1st, 5 s ..1937 M & N qq
97% Jan.
C hicago & Erie—1st, 4-5 g . 19-82 M & N 100 %
48 Jan.
Incom e, 5 s ........................1982 Oct’b’r 51%
86
&
86 Jan.
Chic. Gas L. &C.—1st, 5 g.1937
&
26 %b, 125% Jan.
Chic. Mil. & St.P.—Con. 7 s .1905
113% 112% Jan.
&
1st, Southwest Div., 6 s .1909
&
114 b. 113 % Jan.
1st, So. Min. Div., 6 s ....1 9 1 0
&
106% 106 Jan.
lst.C h.& P ac.W .D iv., 5 s .1921
&
101 b. 100% Jan.
Chic. & M o.R iv.D iv., 5s. 1926
&
104%b. 103 Jan.
Wis. & Minn. D iv., 5 g ..l9 2 1
104 b. 103 Jan.
&
Term inal, 5 g ...................1914
86 b. 86% Jan.
Gen. M., 4 g ., series A . ..1 9 8 9 J &
111% Jan.
M il.& N or.—1st, con., 6s.l913 J & D 113%
Chic. &N. W.—Consol., 7 s .. 1915 Q - F 136%b. 140 Jan.
Coupon, gold, 7 s...............1902 J & D 124 b. 123% Jan.
Sinking fund, 6 s . . . . ........1929 A & O 114 b. 113 Jan.
Sinking fund, 5s...............1929 A & O 108%h 108 Jan.
Sinking fund deben., 5s. 1933 M & N 105 b |l05% Jan.
104% Jan.
25-year debenture, 5 ___ 1909 M & N 105
E xtension, 4 s ...................1926 F & A 100 b. 96 Jan.
Ohio. Peo. & St. Louis—5 g.1928 M & 8 99 a 97% Jan.
Chic. R.I. & Pac.—6s, cou p . 1917 J <& J 121 b 121 Jan.
E xtension and c o l.,5 s ... 1934 J & J 102 % 101% Jan.
30-year debent. 5s.......... 1931 M & S 96%b, 95 Jan.
Chic. S t.L .& P itt.-C on .,5g.1932 A & O 105 b 105 Jan.
Chic. St. P. M .& 0 .—6 s ....1 9 3 0 J & D 120 b, 120% Jan.
88 Jan.
C leveland & Canton—5 .. .1917 J & J 90
C. C. C. & I.—Consol., 7 g.19 14 J & D 128 ' 128% Jan.
General consol., 6 g ....... 1934 J & J 119 ¡ 118-iá Jan.
80 Jan.
C.C.C.&St.L.—P e o .& E .4 s.l9 4 0 A & O 82%
30% Jan.
Incom e, 4 s .........................1990 April. 34%
Col. Coal & Iron —6 g .........1900 F ■& A 103 b. 103 Jan.
72% Jan.
C ol. Midland—Con., 4 g .,.1 9 4 0 F & A 74 1
87% Jan.
Col.H.Val.& Tol.—Con., 5 g . 1931 M & S 89%
General, 6 g ....................... 1904 J & D *94 b. 93 Jan.
D enver & Rio G.—1st, 7 g.1900 M & N 117 b 116% Jan.
1st consol., 4 g ..................1936 J & J 80
77% Jan.
Det. B. City& Alpena—6 g. 1913 J & J 80%a. 70 Jan.
Det. Mac. & M.—L ’d grants .1911 A & O 38 %b. 38% Jan.
Dui. & Iron Range—5s___ 1937 A & O *95 b. 95 Jan.
Dui. So. Sh. & A tl.—5 g ___ 1937 J & J 96%a. 95% Jan.
E .T enn .V & G .—Con., 5 g .l9 5 6 M & N 98
96 Jan.
K noxville & Ohio, 6 g ..,1 9 2 5 J <te J 104 b. 104 Jan.
Eliz. L ex. & B ig San.—6 g.1902 M & S 87 b. 82 Jan.
F t. W. & D env. City—6 g .,1 9 2 1 J & D 100 %
98% Jan.
Gal.H .& San A n.-W .D iv.lst,5 g. M & N 95 %b.
Han. & St. Jos.—Cons., 6s. 1911 M & S 118 b. 117 Jan.
Illinois Central—4 g ...........1952 A & O 99 b. 96% Jan.
Int. & Gt. No.—1st, 6 g ___ 1919 M & N 122%
118 Jan.
Coupon, 6 g., trust r e e .. 19091M & S 81
76 Jan.
Io w a Central—1st, 5 g ....... 1938 J & D 92
89% Jan.
K entucky Central—4 g ___ 1987 J & J 83 %b. 81 Jan.
K ings Co. El.—1st, 5 g ___ 1925 J & J 97%b. 99 Jan.
83%
L aclede Gas—1st, 5 g ......... 1919 Q—F
81% Jan.
Lake Erie & West.—5 g __ 1937 J & J 109%b. 107% Jan.
L . Shore—Con. cp., 1st, 7 s .1900 J & J 120%b. 120 Jan.
Consol, coup., 2d, 7 s ...... 1903 J à D 123 b. 122% Jan.
L o n g ls l’ d—1st, con., 5 g . . 1931 Q—J 112 b.
General m ortgage, 4 g .,1 9 3 8 J & D 92%
91 Jan.
Louis. & Nash.—Cons., 7s. 1898 A & O 114% 114 Jan.
N.O. & Mob. 1st, 6 g ....... 1930 J & J 113%b. 117% Jan.
do.
2d, 6 g .........1930 J & J 112 a. 108 Jan.
General, 6 g .......................1930 J & D 116 b. 115% Jan.
Unified, 4 g ....................... 1940 J & J 79
78% Jan.
Nash.Fi.&Sh.—ls t g t d .5 g .’ 37 F & A 101 b. 100 Jan.
Louis. N.A. & Ch.—1st, 6s. 1910 J & J 110
10878 Jan.
Consol., 6 g .......................1916 A & O 101% 100% Jan.
Louis. St. L. & Texas—6 g .1 9 1 7 F & A 96
87% Jan.
M etro. E levated—1st, 6 g . 1908 J & J 116% 113% Jan.
2d, 6 s...................................1899 M & N 107
105% Jan.
Mich. Cent.—1 st,c o n .,7 s ..1902 M & N 122%b. 121% Jan.
Consol., 5s ....................... 1902 M & N 107 b. 107 Jan.
MiLLakeSh.&W.—1st,6g.1921 M & N 124 b. 123 Jan.
Extern & Im p., 5 g .........1929 F & A 108% 106 Jan.
M. K. & T.—1st 4s, g .........1990 J & D 81 %
79% Jan.
2d 4s, g ..............................1990 F & A 53%
46% Jan.
Mo. Pacific—1st, con., 6 g 1920 M & N 106 b. 107 Jan.
3d,7 s ...................................1906 M A N 115
112% Jan.
Pac. o f Mo.—1st, ex., 4 g . 1938 F & A 100%a. 100 Jan.
2d extended 5 s ...........1938 J & j ! 105 b. 102% Jan.
Otos’ ng Range (sales) in 1892.
R a il ro ad and M iscel . B onds . linter*si Price
Period. Jan.
Lowest, i Highest,
111% Jan.
84 Jan.
66% Jan.
7 4 Jan.
14% Jan.
112% Jan.
107 Jan.
103 Jan.
77% Jan.
115% Jan.
122 Jan.
I l l Jan.
110 Jan.
96 Jan.
107% Jan.
110% Jan.
118 Jan.
106 Jan.
78 Jan.
79 Jan.
122% Jan.
103% Jan.
114 Jan.
Mobile & Ohio—New, 6 g .. 1927 J & I> 116
115% Jan.
General m ortgage, 4 s ... 1938 M & S 66%
66% Jan.
Nash. Ch. & St.L.—1st, 7s. 1913 J & J 128 b. 126% Jan.
Con., 5 g ............................1 9 281A & O 105 b. 103% Jan.
N.Y. Central—E x ten d .,5 s. 1893]M & N 102 % 101% Jan.
1st, coupon, 7s..................1903 J & J 124 b. 123% Jan.
D eben.,5s, coup., 1 8 8 4 ..1904IM & S 109 b. 108% Jan.
N. Y. & Harlem—7s, reg . 1900 M & N 121%b. 120% Jan.
R . W. & Ogd.—Con., 5 s .. 1922 A & O 113%b. 112% Jan.
N. Y. Chic. & St. L.—4 g .,.1 9 3 7 A & O 97
95 Jan.
N. Y. Elevated—7 s ...............1906 J & J 112%b. 112 Jan.
N .Y .L a ck . & W —1 s t ,6 s ..1921 J & J 127
125 Jan.
Construction, 5 s...............1923 F & A* 109 %b. 110 Jan.
N.Y.L. E. &W.—1st,con. ,7g. 1920 M & S 137 b. 135% Jan.
L ong D ock, 7 s.................. 1893 J & D 104%b. 104% Jan.
Consol., 6 g .............
1935 A & 0 119%b. 119% Jan.
2d consol., 6 g .................. 1969 J & D 107
106% Jan.
N. Y. Ont. & W.—1st, 6 g ..l9 1 4 M & S 115
115 Jan.
Consol. 1st, 5 g ................ 1939 J & D 101
100 Jan.
N. Y.Sus.&W.—1st ref., 5 g.19 37 J & J 103%b. 103 Jan.
Midland o f N. J., 6 g ___ 1910 A & O 117% 116% Jan.
93 b. 95 JaD.
Norf. & W.—100-year,
90
- g5j g.19
1941
92 b.
.T
J 115%b. 1 1 SI T ___■
9 Ì Jan.
General, 2d, coup., 6 g ..l9 3 3 A & O *114 b. 112% Jan.
114 Jan.
General, 3d, coup., 6 g ..l9 3 7 J & D 108% 107% Jan.
122% Jaa.
Consol, m ort., 5 g ............ 1989 J & D 79%
77% Jan.
99 Jan.
Chic. & N .P .—1st, 5 g .,.1 9 4 0 A & O 79%
78% Jan.
lu o % Jan.
North. Pac. & M on.—6 ¿ ...1 9 3 8 M & S 101% 101% Jan.
517s Jan.
North. Pac. Ter. Co.—6 g ..l9 3 3 J & J 107 a. 105 Jaa.
88 Jan.
Ohio & Miss.—Cons. s.f.,7 s . 1898 J
J lll% b . I l l
Jan.
126 Jan.
Consol., 7 s........................ 1898 J <& J U l% b . 110% Jan.
113% Jan.
Ohio Southern—1st, 6 g . .. 1921 J & D 108 b. 106 Jan.
114% Jan.
General m ort., 4 g .......... 1921 M & N 64%b. 62 Jan.
106% Jan.
Omaha & St. Louis—4 g ..1 9 3 7 J & J 57 b.
101% Jan.
Oregon Imp. Co.—1st, 6 g .19 10 J & D 102
101 % ja n .
104% Jan.
Consol., 6 g .......................1939 A & O 70
65% ja n .
104% Jan.
O re.R .& N av Co.—1st, 6 g . 1909 J & J 109 b. 109% Jan.
87% Jan.
Consol. , 5 g ........................ 1925 J & D 90 b. 94 ja n .
113% Jan.
Pa. Co.—4% g., cou p on ___1921 J <fe J 105% 105% Jan.
140 Jan.
Peo. D eo.& E van sv.—6 g .,1 9 2 0 J & J 108 b.
12478 Jan.
E vansville D iv., 6 g ___ 1920 M & 8 107 a. 105 Jan.
118 Jan.
2d m ort., 5 g .....................1926 M & N 69%b. 69% ja n .
109 Jan.
Phila. & Read. Gen., 4 g.19 58 J & j 84%
83% Jan.
107 Jan.
75%
1st pref. incom e, 5 g ....... 1958 Feb.
72% Jan.
105 Jan.
2d pref. incom e, 5 g ....... 1958 Feb.
58%
55 Jan.
100% Jan.
41%
3d pref. incom e, 5 g ....... 1958 Feb.
37 ja n .
98% Jan.
Pittsburg & Western—4 g.1917 J & j 82%
80% Jan.
123 Jan.
Rich & D an v.—Con., 6 g . . 1915 J & j 109 b. 109% Jan.
102% Jan.
C onsol.,5 g ........................ 1936 A & 0 83 b. 82 Jan.
96% Jan.
Rich.& W .P.Ter.-Trust,6g. 1897 F & A 95
91 ja n .
105 Jan.
Con. 1st & col. trust, 5 g. 1914 M & S 65%
62% Jan.
121 Jan.
Rio G. W estern—1st, 4 g .,1 9 3 9 J & J 77%
76% Jan.
90 Jan.
St. Jo. & Gr. Island—6 ¿ ..1 9 2 5 M & N 97
95 Jan.
130 Jan.
St. L. Alt. & T. H.—1st, 7s. 1894 J & J 107 b. 108 Jan.
120 Jan.
St. L. & IronM t.—I s t 7 s ...l8 9 2 F & A 104%b. 104 Jan.
2d, 7 g ......................... v ............... 1897 M & N 108% 108 Jan.
82-a Jan.
34% Jan.
Cairo Ark. & Texas, 7 g . . 1897 J & D 106 b. 105 Jan.
103% Jan.
Gen. R ’y & land g r .,5 g ..l9 3 1 A <fe O 86
35% Jan.
74 Jan.
St.L. &San Fr.—6 g., Cl.B. 1906 M & N 112%b. 112 Jan.
6 g., Class C ............................ 1906 M & N 112%b. 112 Jan.
89% Jan.
94 Jan.
General m ort., 6 g .............. 1931 J & J 108 b. 106% Jan.
117 Jan.
St. L. So. West.—1st, 4s, g . . 1989 M & N 72
70% Jan.
80 Jan.
2d, 4s, g „ in c o m e .................1989 J & J 36 a. 34% Jan.
8.P.M.&M.—Dak. E x., 6 g.19 10 M & N 116%b. 116% Jan.
75 Jan.
42% Jan.
1st consol., 6 g ...................... 1933 J & J 121
118% Jan.
98 Jan.
do
reduced to 4% g . . . J & J 98
97 Jan.
96% Jan.
M ontana Extension, 4 g.1937 J & D 88%
87% Jan.
99 Jan.
San A . & Aran. P .—1 st,6 g . 1916 J & J 65 b.
1st, 6 g ...............................1926 J & J 65 b. 61 Jan.
103 Jan.
Seattle L.S.&E.—lst.g u . 6.1931 F & A 94
92 Jan.
94 Jan.
So. Car.—1st, 6 g .,e x c o u p .1920
102 Jan.
108
107% Jan.
Incom e. 6 s ....................... .........1931
So. Pac., Ariz.—6 g .......... 1909-10 J & j 101% 101% Jan!
118% Jan.
So. Pacific, Cal.—6" g _____ 1905-12 A & O 112%b. 112% Jan.
98 Jan.
1st, consol., gold, 5 g _____ 1938 A & O *99 b. 99% Jan.
121 Jan.
So. Pacific, N. M.—6 g ............ 1911 J & J *102 b. 101% Jan.
82 Jan.
Tenn.C. I. & R y.—T e n .D .,lst, 6g A & O 90 b. 90 Jan.
92 Jan.
Birin. D iv., 6 g ........................1917 J & J 92
84 Jan.
91 Jan.
Tex. & Pac.—1st, 5 g .............. 2000 J & D 82%
100 Jan.
82% Jan.
2d, incom e, 5 g ..................2000 March. 30%
84% Jan.
30% Jan.
Tol. A. A. & N. M.—6 g ....... 1924 M & N 101% 100% Jan.
110% Jan.
Tol. A. A. & Gr. Tr.—6 g ___ 1921 J & J
120% Jan.
Tol. & Ohio Cent.—5 g.'___ 1935 J & J 104
123 Jan.
102% Jan.
J 78
Tol. Peo. & W est.—4 g ....... 1917 J
77 .Tan.
Tol. St. L. & Kan. C.—6 g ..l9 1 6 J & D 94%
93 Jan.
91 Jan.
Union Pacific—6 g ............... 1899 J & J 112%b. 110% Jan.
114% Jan.
Sinking fund. 8s................1893 M & S 108%b. 107 Jan.
118% Jan.
Collat. trust 4 % ................1918 M & N 72%b. 70% Jan.
110 Jan.
G old 6s, col. trust n otes. 1894 F & A 99%
116 Jan.
95% Jan.
Kan. Pao.-D en. D iv.-6 g .1 8 9 9 M & N 108 b.
80% Jan.
ls t c o n s o l.,6 g .......... .“ .1919 M & N 109 %b. 103% Jan.
101 Jan.
Oregon Short Line—6 g ..l9 2 2 F & A 108 b. 106% Jan.
110 Jan.
Or.S.L.&Ut’hN.—Con.5 g.1919 A & O 82 %b. 80% Jan.
102 Jan.
U.P.Den.& G ulf con. 5 g.1939 J & D 77%
75% Jan.
96% Jan.
Union Elevated—6 g ......... 1937 M & N 111 b. 110 Jan.
116% Jan.
Virginia Mid.—Gen. m., 5s, 1936 M & N 82 b. 78 Jan.
107 Jan.
123% Jan.
do
stam ped guar. M & N 83 b. 80% Jan.
Wabash—1st, 5 g ................. 1939 M & N 104% 103% Jan.
107 Jan.
2d m ortgage, 5 g ............ 1939. F & A 85
82% Jan.
125 Jan.
Debent. M ., series B ....... 1939 J & J 47
45 Jan.
108% Jan.
West Shore—Guar.. 4 s .......... 2361 J & J 102% 101% Jan.
81% Jan.
West. N. Y. & Pa.—1st, 5 g.1937 J & J 99%b. 99 Jan.
54% Jan.
2d m ort., 3 g .,5 s c ..............1927 A & O 33%
108 Jan.
32% Jan.
115 Jan.
West. Un. Tel.—Col. t r .,5 s .1938! J & J 102% 100% Jan.
100 Jan.
Wis. Cent. Co.—1st, 5 g ...... 1937 |J & J i 92%
92 Jan.
Incom e, 5 g ........................1937
105 Jan.
42 a. 41% Jan.
N ote —“ b ” indicates price bid ; “ a ” price ashed; the R ange is made up from aotual sales only.
* Latest price this week.
¡116 Jan.’
6778J an .
(128% Jan.
¡105% Jan,
1102% Jan.
125 Jan.
109% Jan.
120% Jan.
114 Jan.
97% Jan.
113 Jan.
127 Jan.
110 Jan.
137% Jan.
104% Jan.
119% Jan.
107% Jan.
116 Jan.
104 Jan.
104 Jan.
117% Jan.
95 Jan.
95 J am
114
108%
80%
80%
10 2%
107
111%
112
108
64%
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
103
71%
110
95%
106%
Jan.
Jan.
Jan.
Jan.
Jan.
108
70%
84%
75%
59%
41%
83
112
83
95%
68%
78%
97
108%
101%
109
106
86%
113%
113
110
72%
37%
116%
121
98
89
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
65 Jan.
94% Jan.
108% Jan.
103%
112%
100%
103%
92%
92%
84
33%
103
Jan.
Jan.
Jan,
Jan.
Jan.
Jan.
J an.
Jan.
Jan.
104
Jan.
95
110%
108%
74%
99%
Jan.
Jan.
Jan.
Jan.
Jan.
110 Jan.
108 Jan.
82% Jan.
77% Jan.
111 Jan.
82% Jan.
85 Jan.
104 Jan.
85 Jan.
50 Jan.
103% Jan.
99% Jan.
34% Jan.
102% Jan.
93% Jan.
42% Jan.
________NEW YORK STOCK EXCHANGE PRICES—(Continued).—INACTIVE BONDS—JANUARY 29.
SECURITIES.
Bid.
Ask.
SECURITIES.
B. & 0 . S. W., 1st, g., 4% S...1990
Mon. Riv., 1st g., g. 5s.......1919
Railroad Bonds.
Cent’lO hio Reor.—1st, 4 % s.l9 3 0
( Stock Exchange P n ces.)
Bost. H. Tun. & W.—Deb. 5s. 1913
A labam a M id.—1st, g., 6 s ___ 1928
88 % 90
Brooklyn Elevated—2d, 3-5s. 1915
Atlantic & D a m ,—1st g., 6s . . 1 9 1 7
Buft. Roeh. &, Pitts.—Gen., 5S.1937
A tl. <fc P ac.—2d W. D., gu. 6s,. 1907
R och. & Pitts.—1st, 6s.........1921
Balt. & Ohio—r is i, 6s, Park B .1919 '117
do
Consolidat’d 1st,6 s .1922
5s, g old ............ ....................... 1925 108%
Burl Ced. Rap. & No.—Ist,5 s.l9 0 6
Cons, m ort., gol 1. 5s............ 1988 109
Consol. & collat. t r u s t,o s ... 1934
St—“ No price Friday; these are the latest quotations^made this week.
Bid. Ask.
SECURITIES.
Bid.
A sk.
102
Burl. Ced. R ap.& N o.—(Contin’d)—
Minn. & St. L.—1st, 7s, g u ..l9 2 7
*103
Iow a C. & W est.—1st, 7s
1909
101%
Ced. Rap. I. F. & N., 1st, 6S.1920
83%
1st, 5 s.................................. 1921
97% 99
C.Ohio—Ool. & C in.M .lst,4% s.l939
*120
lent. R R . & Bank.—Col. g .5 s .l9 3 7
*113% 118
Chat. Rome & Col.—Gtd g .5 s .l9 3 7
102% 103
Sav.&W est.—lstcon .gtd .5s.1929
95
Gent, o f N. J.—Conv. deb., 6 s .1908
'115
105
'100
80
' 86
75%
115
95
91
76
THE CHRONICLE,
198
fVoL. L1V.
NEW YORK STOCK EXCHANGE PRICES.—IN ACTIVE BONDS—r Continued)—JA N U A R Y 29.
SECURITIES.
Bid.
Ask.
Central Pacific—Gold tods, 6s, 1895 1 0 6 % .......
G old bonds, 6 s.......................1896 10778 .......
G old bonds, 6 s....................... 1897 108% H O
San Joaquin Br., 6 s ..............1900 4 0 9
M ort. gold 5 s.......................... 1939
103*2
Land grant, 5s, g ................... 1900 4 0 1
West. Pacific—B onds, 6s___ 1899 106*2
No. R ailw ay (Cal.)—1st, 6s. 1907
50.year 5 s............................ 1938 100
Gbes. & O.—Pur. M. fund, 6s. 1898 109%
6s, gold, series A ....................1908 1 17 119
d ie s . O. &So.W est.—1st 6s, g.1911 1 0 7 110
80
76
2d, 6s....................
1911
Chicago & A lton—1st, 7 s ....... 1893 1 03 %
120
119
Sinking fund, 6 s....................1903
Louis. & M o. R iver—1st, 7s. 1900 4 1 8 *2 119*2
2d, 7 s.................................... 1900
Bt. L. Jacks. & Cbic.—lst,7 s.l8 9 4 106%
1st, guar. (564), 7 s ............ 1894 106*4 108
Miss.R. Bridge—1st, s. f., 6S.1912 106
Okie. Burl. & Nor.—Deb. 6s. ..1 8 9 6
Chic. Burling. & Q.—5s, s. f..l9 0 1 104%
Iow a D iv.—Sink, fund, 5 s ..1919 114
94
95
Sinking fund, 4 s ..................1919
893s
Plain, 4s...............
1921
98
Chic & Indiana Coal—1st 5s. 1936
Chi. Mil. & St. P.—1st,8s,P.D . 1898 122 124
126
2d, 7 3-1 Os, P. D ....................1898
1st, 7s, $ g., R. D ....................1902 124 125
1st, L aC rosse D ivision, 7s. 1893 4 l8 * e 119
1st, I. & M., 7 s .......................1897 121*2 123
1st, I. & D., 7 s .......................1899 4 1 8
1st, C. & M., 7 s.......................1903 124
1st, I. & D. Extension, 7 s ... 1908 126*2
1st, La C. & D av., 5 s............ 1919 102*2
1st, H. & D., 7 s..................... 1910 122*2
103
1st, H. & D., 5 s..................... 1910
Chicago & Pacific D iv., 6 s .. 1910 116 117
Mineral Point Div. 5 s .......... 1910 101 102*4
O. & L. Sup. D iv., 5s............. 1921 102 1 04
Fargo & South., 6s, A ssu ... 1924 4 1 0
Inc. conv. sink, fund, 5s___ 1916 4 0 0
D akota & Gt. South., 5 s . ... 1916 100 I0 0 7s
Mil. & N or. main line—6 s ... 1910 111*2
105%
Ohie.&N.W.—30 year deb. 5s, 1921
Escanaba & L. S. 1st, 6s___ 1901 4 0 7 ’
Des M. & Minn.—1st, 7 s___ 1907 125
Iow a Midland—1st, 8s.........1900 4 2 4
P eninsula—1st, c o n v .,7 s ...1898 120
Chic. & M ilwaukee—1st, 7s. 1898 115 118
Wiu. & St. P.—2d, 7s............ 1907
Mil. & M ad.—1st, 6 s............ 1905 * 112*2
Ott. C. F. & St. P .—1st, 5 s ..1909 1 0 7 108
Northern 111.—1st, 5 s .......... 1910 *104
4
0.
R .I.& P .-D .M .& F. D. 1st 4s.7 1905
1st, 2% s................................ 1905
Extension, 4 s ..................... 1905
Keokuk & Des M.—1st, 5 s .. 1923
955s
Ohio. St. P & Kan. City—5 s .. 1936
Minn. & N. W.—1st, g., 5 s.. 1934
Ohio. St. P. & Minn.—1 st,6 s ...1918 122*2 123%
St. Paul & S. C.—1st, 6s....... 1919 122*2 123%
Chib. & W. Ind.—1st, s. f., 6 s .1919
General m ortgage, 6 s...........1932
Oin. Ham. & D.—Con. s. f., s.1905 124
2d, gold, 4% s.......................... 1937
Oin. I. St. L.& Chic.—lst,g.,4s,1936 V9 4 '
C o n so l, 6s.........................
1920
Gin. Jack. & M ac.—1st, g., 5s. 1936 *80
Olev. Ak. & Col.—Eq. & 2d 6s. 1930 92
C.C.C. & St. L ., Cairo div.—4s, 1939
88
8t.Lou.D iv.—Istcol.ts’t4s,g.l99 0
8pring.&Col.Div.—lst,g . 4s. 1940
W hiteW .Val.Div.—1st, g. 4s. 1940
Cin.SaD.&Cl—C on.lst,g.5s, 1928 105
01.
Col. Cin. & Ind.—1st, 7s,s.f.l8
99 117
115*2
Consol, sink, fund, 7 s .......... 1914
Oleve. & Mah. V.—Gold, 5 s ... 1938
Hi
Colorado Midland—1st, g., 6S.1936
C olu m b ia * Green.—1 s t,6 s . ..1916 100
2d, 6 s........................................ 1926
Del. Lack. & W.—Convert. 7s,1892
104
M ortgage 7 s....................... .1907 4 3 2 %
Syra. Bing. & N. Y .—1st, 7s. 1906 128
Morris & Essex—1st, 7s___ 1914 140% 14L 76
Bonds, 7 s ..............................1900 1 14
7s o f 1 8 7 1 ...........................1901 1 23 125
1st, con., guar., 7 s.............1915 1 3 6
137
Del. & Hud. Can.— 'oupon 7s, 1894 109 % 110 %
Pa. D iv., coup., 7s................ 1917 139 142
Albany & Susq.—Ist,g u .,7 s.l9 0 6 4 2 8
1st, cons., guar., 6 s...........1906 4 2 0
Rens. & Sar.—1st, coup., 7S.1921 140 %
D enver City Cable—1st, 6 s . ..1908
98*i 99%
D env. & R. G.—Im p .,g ., 5 s ... 1928 *75
76
E . Tenn. Va. & Ga.—1st, 7 s... 1900 111 113
Divisional 5s...........................1930 1 06 %
Itft ext., gold, 5 s ....................1937
71%
68
Eq. & lm p .,g .,5 s .................... 1938
78% 80
90
Mobile & Birm .—1st, g .,5 s.. 1937
Alabam a Central—1st 6 s. . . 1918
115
Erie—1st, extended, 7 s ...........1897 114*4
2d, extended, 5s..................... 1919 115 %
3d, extended, 4% s..................1923 1 0 7 % 108*4
4th, extended, 5s................... 1920 111%
¡5th, extended, 4s....................1928 101
1st, cons., fd . coup., 7s.........1920 132 136
Beorg., 1st lien, 6s................ 1908 110
B. N. Y. & E .—1st, 7 s .......... 1916 1 35 135%
N. Y. L. E. & W.—Col. tr.,6s.l92 2 110 112
Funded coup., 5 s .................. 1969
Incom e, 6s.............................. 1977
Buff. & S. W.—Mortg. 6s___ 1908
Jefferson—1st, gu. g. 5 s ___ 1909 104 105
C o a l& R R .—6s....................... 1922
Avans. & T .H .—1st,c on s.,6 s.. 1921 119
Mt. V ernon—1st 6 s ...............1923 112
Sul. Co. Branch—1st, g., 5s. 1930
Evans. & Indian.—1st, con s. .1926 110 111
Flint & P. Marq.—M ort., 6 s ... 1920 120 122
1st con. gold, 5 s......................1939
101%
P ort H uron—1st, 5 s ............ 1939
101*4
Fla. Cen & Pen.—1st g. 5s___1918
F t Worth * R. G .— 1 st
5« . 1 9 >al
SECURITIES.
Ask.
103
Gal. Har. & San Ant.—1st, 6s. 1910
98
Gal. H. &S. A .—2d m ort., 7 s .. 1905
West. D iv., 2d 6 s ............ ...... 1931
77
Ga. So. & F la —1st, g. 6s.........1927
81% 83
Grand Rap. & Ind.—Gen. 5 s .. 1924
Green B. W. & St. P.—1 st 6s. .1913 *85
37%
37
2d incom e, all subs, p a id .........
Housatonic—Cons, gold 5 s.. . . 1937 103% 104%
102%
N. H aven & Derby, C ons.5s..l918
Hous. & T . C.—W aco & N. 7s..1903 112
1st g., 5s (int. gtd>................ 1937 103 104%
Cons. g. 6s (int. g t d ) .. ......... 1912 101%
64*4 64%
Gen. g. 4s.(int. gtd )......... ...1 9 2 1
83
Debent. 6s, prin. & m t. gtd.1897
63
Debent. 4s, prin. & int. gtd.1897
r105
109
Hlinois Central—1st, g., 4s .. .1951
90%
1st, gold, 3 % s .........................1951
104%
Springf. D iv.—Coup., 6s-----1898
M iddle D iv.—R eg., 5s.......... 1921 112 %
C. St. L. &N. O.—Ten. 1., 7 s .1897 111
1st, consol., 7s.................... 1897 112 115
2d, 6s.................................... 1907
Gold. 5s, c o u p o n ................ 1951 ’111*4
97
Memp D iv., 1st g. 4 s ....... 1951
Dub. & S. C.—2d D iv., 7s ...1 8 9 4 100
88
93’
Ced. Falls & Minn.—1st, 7s. .1907
Ind. D. & Spr.—1st 7s, ex. cp.1 906 113%
73% 7 4 ’
Kanawha & M ich.—M ort. 4s. 1990
Kan. C.Wyan.&N.W.—1st, 5 s .1938
L. Sh. & M. So.—C. P.&A.—7S.1892 104
Buff. & Er.—New bonds, 7 s .1898 114% 116
Det. M. & T.—1st, 7 s.............1906 123 129
Lake Shore—Div. bonds, 7s. 1899 117% 11778
108%
Mahon’ g Coal R R .—1st, 5s. 1934
Kal. All. & G. R .—1st gu. 5S.1938 106
LehighV.,N.Y.—1st gu.g.4% s.l940 100*4
Lehigh V.Term .—1st gu, 5s,g. 1941 109 110
98
Litchf. Car.& West.—1st 6s. g.1916
L ong Island—1st, 7 s ................ 1898 117 119
100 %
N. Y . & R ’w ay B .—1st, g. 5s. 1927
33
2d m ortg., m e ............ .
1927 ’ 24
Smithtown&Pt. Jeff.—1st,7s 1901 108
70
82*4
Louis.Evans.&St. L.—Con.5s.1939
109
Louis.& N ash.—Cecil. Br, 7 s .1907
E. H. & Nash.—1st 6s, g ...,1 9 1 9 113
Pensacola Division, 6 s.........1920 107 112
St. Louis D ivision, 1st, 6 s... 1921 118
62%
2d, 3s.................................... 1980
Leb. Branch E xten sion .. .1893
111
118
Nashv. & Decatur—i st, 7 s . .1900
8. f.,6s.—S. & N. A la..............1910
1 0 A 0 , gold, 6s.......................1924 100 %
1937 101 %
50 year 5s, g .,.............
Pens. & A t .- 1st, 6s, g o ld .. .1921 106% 108
Collât, trust, 5s, g ................ 1931 *10158
80
82
Lou.N.Alb.&Ch.—G en.m .g.5s.l940
86
Lou. N. O. & T ex.—1st, 4 s . . . . 1934
2d m ort., 5 s ............................ 1934
Louis. St. L. & T ex.—2 d g , 6 s ..1917
Manhattan R y.—Cons. 4s.......1990
Memphis & Chari.—6s, g old .. 1924 100 101
1st con. Tenn lien, 7 s...........1915 116
M exican National—1st, g., 6 s.1927
2d, incom e, 6s, “ A ” .............. 1917
2d, incom e, 6s, “ B ” .............. 1917
M ichigan Central—6s.............. 1909 119 122%
Coupon, 5s............................... 1931 112 115
100
M ortgage 4 s ............................ 1940
Mil. L. S.&W.—Conv. deb., 5s. 190' 1 06
Mich. D iv., 1st, 6s..................1924 119% 123
Ashland D ivision—1st, 6s ..1925 1 23 126
Incom es............................................ '112
Minn.& St. L.—1st, g. 7 s.........1927 '118
Iow a Extension, 1st, 7s.......1909 1 19 % 125
72
2d m ortg., 7 s....... ..................1891
Southwest E xt.—1st, 7s.......1910 1 08
98
Pacific E x t.—1st, 6 s .............1921
70
80
Im pr. & equipment, 6s........ 1922
Minn. & Pac.—1st m ortg., 5 s.1936
Minn.S.Ste. M. & A tl.—1st, 5s. 1926
Minn.St.P.&S.S.M—1st c.g.4s. 1938
M o.K .& T —K.C.&P., 1st, 4s, g. 1990 7 5 78 76
88 %
Dal. & W aco— 1st, 5s, g u ....l9 4 0
90
Missouri P acific—Trust 5 s ... 1917
1920 ‘ 8 3%
1st coll., 5s, g ...............
St.L.&I. M .~A rk.B r.,lst, 7S.1895 1045a 1 06
112
M obile & Ohio—1st ext., 6 s... 1927
82
St. L. & Cairo—4 s ,g u a r ..,.. 1931
Morgan’s La. & T.—1st, 6 s ....1 920 106
1st 7s.
.
...
1918 120 125
112
Nash’. Chat. & StÏL.—2d," 6s !.’ 1901
New Orleans & Gulf—1st, 6s .1926
N. O. &. No. E.—Pr. 1., g., 6s.. 1915
N. Y. Cent.—Deb. g. 4 s .......... 1905 100
102
N. J. June—Guar. 1st, 4 s ... 1986
Beech Creek—1st, gold, 4 s .. 1936
98
9 8%
108
N. Y. N. H. & H.—1st, reg. 4 s .1903
N. Y. & Northern—1st, g „ 5s. 1927 107% 110
61
2d, 4 s...................................... :i9 2 7
61%
N. Y . Susq. & West.—2d, 4 % s.l9 3 7 *81
86% 88
Gen. m ort., 5s, g ................... 1940
North’n Pacific—D ivid’d s’erip ex t. 100
105
James River Val.—1st, 6s.. .1936
Spokane & Pal.—1st, 6s.......1936 100
St.Paul & N. P.—Gen., 6 s .. 1923 120
Helena&RedM’n—lst,g ., 6s. 1937
Duluth&Manitoba—lst,g .6 sl9 3 6 102 1« 4
Dul.&Man Dak.Div.—Ist6 s.l9 3 7
101%
Cœur d’A lene—1st,6s, g o ld .1916
Gen. ls t ,g ., 6 s..................... 1938
103
Cent. W ashington—1st, g. ,6s. 1938
100
116
N orfolk & West.—General, 6 s .1931
New R iver, 1st, 6 s .......... ...1 9 3 2 116 118
Im p. & E xt., 6s...............
1934 114
Adjustm ent M., 7 s ................ 1924 109
Equipm ent, 5s........................ 1908
C linch Val. 1st 5s..................1957
96
98
Scioto Val. & N. E.—1st, 4s,.1990
80
80%
Ohio & Miss—2d consol. 7 s . . . 1911 121
Spring.Div.—1st 7s................1905! L12
General 5s.......................
19 321 .......
Ohio R iver R R .—1st, 5s.......... 1936,
io c T
Gen. g .,5 s ................
1937
87%
Oreir. R r & N a v —Col fcr. ff..5s,1919
so
1No price Friday; these are the latest quotations made this week
Bid.
SECURITIES.
Bid.
Ask.
Penn.R R .-P .C .& S.L.-lst,c.,7s.l900
Pitts. Ft. W. & C.—1st, 7 s... 1912 137 139%
1912 137
2d, 7 s..................
3d, 7 s .................................... 1912 131 135
Clev. & P .—Cons., s. fd ., 7 s .1900 120 122
Gen. 4% s, g., “ A” ............ 1942 105% 106%
St. L. V. & T. H.—1st, 6s., 73.1897 111 112
2d, 7 s .....................................1898
2d, guar., 7 s ........................1898
P eo.& E .-Ind.B .& W .-lst,pf.7s.l900 114 i'1 7 ”
Ohio Ind.&W'.—lstp re f.5 s.-1 9 3 8
Peoria & Pek. Union—1st, 6s .1921 110
72
2d m ortg., 4% s.......................1921
Phila. & Read.—3d p ref. convert
Pitts.C.C&St.L.—Con.g.4% sA1940
Pitts. Cleve. & T o l —1st, 6 s ... 1922 112 114
Pitts. & L. Er.—2 d g. 5s, “ A ” . 1928
Pitts. Me. K. & Y .—1st 6s.......1932 125% 127
95
Pitts. Painsv. & F .—1st, 5 s ... 1916
Pitts. Shen. & L. E .—1st,g.,5s. 1940
Preso’t & Ariz. Cent. 1st, 6 s,g .1916 ........ .........
2d incom e, 6s.......................... 1916
93
Rich. & Danv.—Debenture 6s. 1927
83
Equip. M. s. f .,g ., 5 s............. 1909
A tl. & Char.—1st, pref., 7 s ..1897
do.
Incom e, 6s____1900
Rio Gr. Ju nct.,1st,guar.,g.,5s.l938
35
40
St. Jos. & Gr. Is.—2d in c .........1925
Kan. C. & Omaha—1st, 5 s .. 1927
St. L. A. & T .H —2d pref. 7 s ..1894 104% 109
2d m .in c. 7s............................ 1894 103%
D ividend bon ds..................... 1894 * 55
B ellev. & So. 111.—1st, 8 s ...i8 9 6 110
110
Bellev. & Car.—1st, 6s.......... 1923
Chi.St.L.&Pad.—lst,g d .g .5 sl9 1 7 102
84
St. Louis So.—1st, gd. g. 4s. 1931 *81
*65
do
2d in com e,5 s. 1931
_
Car. & Shawt.—1st g. 4 s-----1932 * 7 7
St.Lou.&SFr.—2d 6s,g., cl. A .19 06 1 1 2 % 114
E quip., 7 s ............................. 1895 1 0 0
95
General 5 s................................1931
1st, trust, gold, 5s..................1987 *80 __
105
Kan. City & S.—1st, 6s, g ...l 9 1 6
95
Ft. S. & V. B. Bg. -1 s t, 6s. . . 1910
St. Paul & Duluth—1st, 5s___ 1931 108
2d m ortgage 5s..............
1917 102
St. Paul Minn & M.—1st, 7 s .. 1909
2d m ort., 6 s..............................1909 i Ï 7 ” 118 U
Minneap. Union—1st, 6s-----1922 *111
Mont. Cen.—1st, guar., 6 s ..1937 115
1st guar. g. 5 s......................... 1937 100 100%
East. Minn., 1st div. 1st 5s. 1908 102
98
San Fran. & N. P .—1st, g., 5S.1919
77%
Sav. Amer. & M ontg.—1st 6 s .1919
101
South C arolina- 2 d , 6s...........1931
So. Pac. Coast—1st, guar.,4s. 1937 .......
Texas Central—1st, s. f., 7s. ..1 909
1st m ortgage, 7 s ....................1911
Texas & N ew Orleans—1st,7 s .1905 *110
Sabine D ivision, 1st, 6 s....... 1912 *104%
Tex. & P ac., E. D iv.—1st, 6s. 1905 *102
Third Avenue (N.Y).—1st 5s, 1937 111% 114
93
Tol. A . A . & Cad.—6 s................ 1917
Tol. A. A. & Mt. PL—6s.......... 1919
87
87 %
Tol. A. A. & N. M.—5s, g .........1940
Ulster & D el.—1st, con .,6.,5s. 1928 100%
Union Pacific—1st, 6s.............. 1896 107
1st, 6 s....................................... 1897 108%
1st, 6 s...................................... 1898 110%
98%
Collateral Trust, 6 s...............1908
Collateral Trust, 5s. . ........... 1907 *85
Kansas P acific— 1st 6s, g ...l 8 9 5 108%
1st, 6s, g . .............................1896 108-4
C. Br. U. P .—F. c., 7 s ...........1895 100
83
87
Atch. Col. & P ac.—1st, 6 s... 1905
80
Atch. J. Co. & W .—1st, 6 s... 1905
80
84
U. P. Lin. & Col.—1st,g., 5s. 1918
83%
Oreg.S.L. & U.N. ,col.trst. ,5s. 1919
Utah & North.—1st, 7s.........1908 107 110%
Gold, 5 s................................ 1926 *105
Utah Southern—Gen., 7s ..1 9 0 9 102 104%
E xten., 1st, 7 s ....................1909 101 104
Valley R ’ y Co. o f O.—Con. 6s. 1921 104 105
Wabash—No. Missou—1 st,7 s .1895 106% 107%
St.L.K.C.&N.—R.E.&RR.7S.1895 107%
St. Charles Br’ ge—1st,6s.. .1908 *107*8
West. Va. C. & Pitts.—1st, 6 s .1911 *100
W heel.&L.E.—1st. 5s, g o l d ...1926 105
107
Extension & Im p, g., 5s.......1930 *95%
.M is c e lla n e o u s B o n d s .
Amer. W ater Works—1st 6 s .. 1907
1st cons. 5s, g ......................... 1907
Cahaba Coal Mm.—1st g. 7 s .. 1907 1C 8 112
Chic. Jun.&S. Y ds.—Col.t.g,5s,1915
Colorado Fuel—Gen. 6 s .........1919
95 .........
Col. & H ock. Coal & I.—6s, g . .1917
Consol’n Coal—Convert. 6 s... 1897
106
Cons. G a sC o.,C h ic.-lstg u .5 s.l9 3 6 .85
87
Denv. C.Wat.Wks.—Gen.g. 5S.1910
Det.Un.Depot&Stn—1st g. 4 s.l9 3 8
E dison Elec. Hi, Co.—1st, 5 s .1910
io"6%
Equitable G. & F.—1st 6s....... 1905 * 97 %
Henderson B ridge—1st g. 6s. 1931 lU 9 s
H oboken Land & Im p.—g. 5 s . 1910 *104
Mutual Union Teleg’h—6s, g.1911 107
Nation’ ! Starch M fg.—1st, 6a,1920 10.i% ¡0 3 %
Northwestern Telegraph—7 „, 1904 *104
People’ s Gas & Coke >1st g.6s,1904 102
99
Co., C hicago.........> 2d g. 6s, 1904
99%
Peoria Water Co.—6s, g.......... 1919 *100
Pleas. Valley Coal—1st g. 6s. 1920
97*4 i b i
P roctor & Gamble—1 st,g., 6 s .1940
West. Union Tel.—7 s ... 1875-1900 *110
U n lis t e d . B o n d s .
92
Ala.&Vicks.-Conso#.5g., 1921. A&O
95
70
2d M., incom e t ill’ 94,1921.. A&O
80
Vicks. & iVlerid.,lst 6s, 1921. A&O 103 105
A tlanta & Chari.—1st 7s,1907.J&J 116- 118
Com stock Tun.—Inc.4s, 1919.M&N
28
30
G eorgia P ac.—1st 6s, 1922— J&J 102*4 103
Consol. 5 g., 1923........
A&O
63*4 64%
16
Incom e 5s — ...............................
17
78
Little R.&M em .— lst5g ,19 37.M & s
79
Mein.&Chavl. Cous.7 sr..l915.J&J 112
117
THE CHRONICLE.
J anuary 30, 1892.J
199
ABSTRACT PROM REPORTS OF TH E N A TIO N AL BANKS M ADE TO TH E COM PTROLLER D E CEM BER 2, 1801.
Depos its.
1891.
( M aine............
i) N. Hampshire.
5i V erm on t.........
S B oston...........
5 Masp., other .
* Rhode island,
g C onn ecticut...
1 Total Div.No. 1
79 10,£80.000
6.205.000
51
7.210.000
50
52,400,000
55
£07 45,517,500
59 20,277,050
84 23,274,370
5s5 165,863,920
«b
2.689,453
1,607,198
1,811,710
13,924,915
15,371,975
4,708,612
7,490,833
47,604,696
Individual.
$
12,485,182
8,260,193
7,975,062
104,860,335
67,979,961
17,729,519
£0,460,578
249,750,830
f New Y ork City
1 Brooklyn.........
A lb a n y ..........
2 N. York, othei
S New J e r se y ...
B Philadelphia..
• P ittsb u rg .......
*1 Penna., o th e r .
1 Total D iv.N o.2
49 49.600.000
1.352.000
5
1.550.000
6
£65 32,984,060
95 14,318,350
43 22,931,315
26 10.900.000
298 37,419,890
7b7 171,055 615
37.950,180
1.893.000
1.297.000
10,132,621
6,433,606
13,435,803
6,247,557
15,860.537
93,250,304
269,304,113
12,905,610
6,863,240
87,868,398
46,665,727
88,230,653
31,137,516
94,712,968
637,688,225
f
Z
3
B
3
“
ig
1
2,133,985
l ì 13,243,260
43
3,533,015
12
2.575.000
1
252,000
36
4.575.000
24
2,534,310
156 2 8 ,8 4 ty 7o
959,436
4.293.000
1,254 624
1.017.000
100,000
2,221,650
594,359
10,440,069
D ela w a re___
Baltim ore . ..
Maryland, oth.
W ashington...
Diet. Col., oth.
V irginia..........
West Virginia.
T otal Div.No.3
Other.
$
172,991
300,960
98,030
315,495
193,550
96,599
41,445
1,422,070
Loans <£ dis Gold and
Gold
counts. (In cl’u gold O.H. Treasury
overdrafts.) certificates. certificates
$
. *
$
21,869,272
675,554
63,720
280,383
11,880,319
27,630
340,647
14,212,347
15,520
147,323,811 3,436,335 5,359,180
105,148,122 2,473,325
267,86;
439,338
211,380
36,878 216
348,250
47,826.969 1,553,46."
385,139 056 9,199,051 6,293,540
1,499,223
99,720
50,000
586,178
264,834
£02.884
517,262
361,313
3,6 814 14
308,688.975 10 105,258 61,149,675
137,297
9,100,625
•465,310
367,115
8.815,110
296,500
99,818,651 3,206.225
640,200
50,285,542 1,168,195
304,050
90,457,567 8,857,423 1,221,450
37,463,077 2,205,91*
486,900
103,787,670 4,339,479
449,560
708,417.217 ¿0,386.901 65,013,645
Surplus.
Oapital.
É. ^
4,500,753
49,734
23,602,319
208.295
8,724,562
130,000
9 ,4 .0 ,2 6 4
99,814
858,337
13,568,930
718,356
5,555,068
50,00t
66 220,2331 1,276,199
5,370,066
30,906,925
9,588,211
7,613,523
642,010
15,763,507
6,578,695
76,462,937
195,987
2.367,030
275,330
547,311
25.115
906,521
421,601
4,738,895
2,900
28,380
5,610
50,930
5,500
318,680
5,86!
136,65*
17,90(
26,00t
53,78<
95.9K
7 5 8 ,10(
13,304
51,26113,841
12,405
204,075 104,399
65,254
16,970
130,901
84,013
23,116
40.648
119,368 673,< 92
71,C6h
67,707
747,471 497,475
40,94
30,585
44,625
31.80<
111,888
56,79£
227.658 100,219
1,955,289 1,726,501
2M8,05’4
274,660
493,326
241,463
416,690*
189,343
99 3,48 0
101,232
3,510,417
173,589
814,610
529,972
1,007,145
9,004,281
700.» 00
269,20<
253,030
427,700
5,757,500
374,190
43,390
62,940
120,000
47.420
8,055,370
3.794,751
3,2 5 i,5 1 4
6,097,316
3,627,154
5,825,256
2,015,089
13,789,335
1,638,360
30,424,517
2,248,276
5,594,082
11,463,261
13,658,354
103,431,265
110.000
50,000
313,684
110,876
330,000
837,194
277,878
2,660,465
238,604
6,181.429
5,498,774
117,85
9,947,334
250,142
41,734
3,989,178
7,756,70!
216 939
2,942,948
43,451
15,014,631
152333
2,044,034
32,268
45,485,723 1,120 688
66,042
3,450,759
£42,662
11,229,027
20,373,422
535,457
23,536,519
450,726
157,450.564 3,508,897
( C incinnati___
0 C lev ela n d .. ..
3 Ohio, other . . .
g Indiana...........
2 C hicago___ . . .
5 Illinois, other.
• D etroit............
a M ichig’n. other
• M ilwaukee___
$ W isconsin,oth.
L Total Div.No.5
2,4nO,oOO
13
9.100.001
8.050.001
1.735.000
10
7,010,702
214 26,5 LO, 4 00
4,017,616
1G< 12.427.000
21 20.800.000
9.315.000
5,704,628
182 16,504,000
4.400.000
620,000
8
98 10,844,600
3,095,238
3
850,000
475,000
72
1,798,185
6.245.000
721 115,731,000 36,261,369
20,527,916
13,732,455
55,790,479
33.154*643
65,332 ^ 9 9
49,141,037
10,605,004
27,895,507
4,919,898
22.299,264
303,398,702
1,045,421
96,399
589,944
785,653
296.788
927,378
383,435
100,492
314,452
144,079
4,684 541
5 :9 .2 1 7
27,047,871
730,419
20,198,829
67,937,133 2,885,797
34 .9)5 ,236 2,307,637
88,006,425 13,015,699
52,057,660 2,381,415
683,730
15,453,582
33,193,880 1,346,269
646,055
5,019,404
22,651.778 1.289,864
366,471,798 25,806.132
Des M oines...
Iowa, o t h e r ...
St. Paul______
M inneapolis...
Minnesota, oth
2 St. L o u is.........
a St. Joseph.......
£ Kansas C ity...
© Missouri, oth’r
4 K an sas...........
1 Nebraska, oth.
1 North Dakota.
South Dakota.
1 Total Div.No.6
4
700,000
147 12.790.000
5
4.800.000
t
4.500.000
54
5.272.000
9 10.700.000
4
2,000,000
11
7.800.000
59
4.680.000
149 13,126,990
9
4,000,000
131
9,528,700
33
2.315.000
44
2,861,200
665 85,073,890
309.000
2,787.618
1,283,000
660.000
1,041,612
1,451,500
187.500
940.500
713,720
1,808,343
570.600
1,593,265
449,054
623,900
14,419,612
1.386.966
26,771,679
8,981,022
9,607,859
14,521,967
17,823,676
3.274.966
9,488,694
8,122,484
18,789,882
8,568,427
15,074,204
6,200,129
4,482,972
153,094,927
183,944
2,318,197
( N e v a d a ...........
2 San Francisco.
5 California,oth.
2 O regon............
£ W ashington...
1 Total Div.No.7
2
282,000
2
2.500.000
33
5.425.000
41
4.365.000
64
6.590.000
142 19,162,000
103.000
800.000
1,407,218
796,410
1,581,282
4,687,910
330,703
4,037,977
14,210,745
8,913,087
11,910,232
39,402.744
104,751
212,231
591,431
36,431
944,844
f
j
■
2
5
J
g
9
1
200,000
Si
50
8.700.000
575,000
8
32
4.640.000
12
1.125.000
387,502
6
13
2.750.000
11
1.245.000
135 19,622,502
33,815
2,021,597
148.000
634,200
217,115
11,000
889.000
223,750
4,178,477
309,038
23,331,360
1,823,770
14,397,680
2,531,797
475,210
3,745,092
2,451,893
49,065,840
A rizon a...........
C olorado........
Id a h o ..............
M on ta n a ........
New M exico ..
Oklah’a & I. T.
U ta h ................
W yom in g.......
Total Div.N o.8
780,314
68,138
268,103
185,013
144,471
1,446,039
527,343 4,374.90c 24.817,151
69,264
219,830
784,305
30,71!
30,512
461 600
546,045
340,890 2,807.448
337,945 468,621 2,242,074
653,229 1,747,19* 7.817.049
199,465 319,824 2.432,267
612,646 3,881,088
894.195
3,258,199 3,114,420 45.242.982
72,623 103,764
167,568 8 8.174
107,12107,649
39,799 260,760
3,65!
13,248
161,132 105,301
50,443
51,607
603.512 1,469,339
647,546
2.486.000
8 :3 ,1 0 0
1.623.000
1,192,691
4.341.000
218,650
1.235.00 0
1,044,096
4.214.000
4 ¡9,700
1.165.000
1,797,500
3.625.000
193,225
810,000
4,435,613
25,121,650
414,000
1.600.000
1,137,800
4,901,500
2,797,965
10,423.290
2,207,207
10,455,500
72,000,940 17,379.09.
427,174
533,214
Lea.tencFr»
<£ u. S. ctfs.
o f deposit.
9
300,407
192,812
219,613:
5,409,356
1,821,442
597,452
795.466
9,335,548
11,100
1,357,30<
66,78!
1,129,410
147,000
57,070
21,550
2,790 210
22
14
31
18
29
13
10
11
207
10
10
71
55
501
184,231
498,820
49,016
47,247
250,000
49,220
95,331
$
94,434
118,155
79,19!
216,881
572 955
127,99t
236,23F
1,445,848
Silver
Treasut'y
certifie’ tes
$
99,349
77,824
27,226
1,717,895
483,630
232,192
321.382
2,959,4»8
136,636
624,138
367,815
145,491
72,499
505,777
284,254
2,138,610
r North Carolina
South Carolina
G eorgia...........
F lo rid a ...........
ft A la b a m a . . . .
£ Mississippi___
4 New Orleans..
** Louisiana, oth.
» T e x a s ..............
£ A rk an sas.......
i Louisville
I Kentucky, oth.
1 Tennessee.......
1 Total Div.N o.4
133.000
206.555
95,513
98 182
97,583
Silver,
2,217,045
86,167
96,13(
34,662.018 1,243,680
20,000
13,171,284 1,651.535
618,759
10,000
12,332,108
774,573
16,640
15,741,544
26,582,910 1,194,648 1,556,950
99,093
42,160
4,992,368
16,949,729
759,575
102,470
12,310
10,064,007
291,298
24,211,848 1,068,820
56,320
1,324,137
15,000
11,197,713
22,226,626
820,158
27,740
175,144
6,030,321
27,370
237,210
22,440
5,018,798
205,398,319 10,344,797 2,005,530
694,537
6,507,588
14,506,08b
11,923,044
14,618.654
48,249.909
43.765
1.674,170
1,692,844
1,357,705
1,534,772
6,303,256
214,23b
25,163,744
1.312,187
15,810,412
2,608.858
457,282
4,951,597
2,894,511
53,442,824
44,505
1,944,097
282,425
812,542
188,752
12,902
641,113
275,601
4,201,937
'*8',49<
1,620
28,080
38,190
52,530
760
9,800
60
73,670
360
137,180
106,071 438,367 3,029,46986,710
33,800 1,087,000512,208 141,967 3,178,669
393,437 257,196 2,095,024
349,159 808,810 7,861.891
471,791
188,326 1,803,551
86,783 136,762 1,192,275
228,766
83,542
816.49227,850
13,536
465.725155,66f
77,515
630,863
2,458,444 2,184,821 22,160.959
2,oo0
22,578
290,073 102,119
44,477 165,129
55,534
32,500
103,772
47,407
51,936 1,210,269
52,115
23,091
154,067 110.977
44,83£
90,863
128,254
226,057
135,332
87,265
75,6» 5
122,577
24,006
58,291
41.889
36.561
1,386,'¿52 2,153,4«;
151,161
1,150,864
523,978
501,000
418,101
2,391,055255,996,
1,338,961
383,322
1,067,354
419,059
422,151
371,222337,714
9,731.938
2,600
30,600
184,149
88,027
174,236
479,612
465
4,000
21,060
15,919
28,997
70,441
1,470
19,948
1 0 ',9 9 4
49,289144.359
317,060
3,094
260,380
10,235
116,986
27,923
7,921
66,7 88
21,434
514.7«!-
49,070
6,306
28,551
2,868
22.481
24,839
3,156
137.274
11.776
1,173,530
71,729.
536,715
88,718
51,345
109,313
44,565
2,087.691
vw
Orleans.
tì
hilaclelphia.
. York.
Total fo r U. S. .. 3,692 677,356.437 228,221,530 1.602,052,766 18.433,769 2,001,032,624 91,889.586 85,091,765 12,101,922[ 1881569» 10261V354
O
Öl
»0
£
0
I f
S
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+e5»
I®
4
is
li
§
s?
T otals fob
•
Is
1
§
c
¡s
1
O
0
r
iè
<
1
j
0
R eserve
■S
1
1
s3
H sì*5 2 r
§
ft*
0
rQ
1
§
Cities , Ac.
if
i
•
M
£
0
GQ
H
OQ ¡3
ÖQ ä s
§
H
**
Resources. Mill’s. Mill’s. Mils Mil’s Mill’s. MU’s Mil’s MU’s MU’s MU’s Mil’s Mil’s MiU’s. Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s Mil’ns. Mil’ns. MU’ ns ^
Loans........ 147-3 308-7 9 1 8-8 9 0 5 3 7 5 3 0 9 7-6 15-0 11-2 27-0 20-2 88-0 15-4 5-0 2-2 13-2 12-3 2 6 0 17-0 11-2 6 5
9 1 1 1 ,0 9 0 2 .0 0 1
4-7
•4
Bds for circ.
69
4-0 1-4 1-2
•5
•5
•1
*?
•9
•7
1-2
•5
•4
•0
•5 1-3
•3
•1
*3
137
37
•3
154
•3
•1
•3
2-9
•1
•5
Oth.U. S. bds
•2
*7
#4
•3
•X
•1
•3
•J
•4
•3 1-4
•5
•1
•2
l 4
•3
10
24
4-5 2 6 1 2-0
•3
Stkg, bds,Ac.
4-3
•4 1-3
•1
•1 3-4
3-7
•1
2-0 1-2
■7 2-0
•2
•4
•2
-6
v75
53
12»
Dae fr.banks 3 5 7 37-7 2-5 3-0 17-8 5-7 5"4 1-2 3-4 1-9 6-4 4-2 19-7 3-0 1-4
•7 1 6 8
186
•5 3 8 *3-4 3-9 4-5 3-0
354
2-8 32*5
•3
3-7 3 3 1-5 1*1
Real estate..
•2
•9
•9
*3
•5
-0
•3
•1
•0
•4
•5
•2 l-o
50
•8 1 1
34
84
8-8 71-3
•6 1 0 1 2-7 3-0 1-8
&.coin Actfs
•6
*7
18-8
•
9
1-4
•
1
2-7
1-7
47
•6
1-2
l-o
1-7
•
0
1
3
0
■3
•8
177
1-9
•1
4-9
2-4
•5 1-0
cil.coinActfs
•8
•1
*2
•2
1-2
1 >
•8
•1
•0
•2
•2
•1 1-3
■3
16
31
4-6 23-8
0. tend notes
■4
4 9 2-4 1-1
•4
•8
6 5 1-2
•5 l-o
*5
•5
47
■8 2-2 1-1
•2
•5 3-4 1-3
57
94
U.S.ctfs. dep
•9
l-o
•1
2-9
1-2
1-4
i
•8
8
9>
•9
Nat.bk notes
•
1
l-e
•
3
•
1
•2
•3
•3
•2
•1
•9
•3
6
14
•1
•a
•3
•1
•2
•1
•1
20
Cl’r’gH.excb 10*6 6 4 8
•1 1 0 0 1-8 2-3
•9
•
5
*7
7
0
-2
3
•
2
•
4
•
8
1-5
•1
•4
•5
•2
165
1-0
108
1-8
Other res’ces
•4
•1
61
•1
•6
*8
•8
•6
•3
17
2-2
•5
•2
•1
37
•4
•2
•4
•3
•7
•3
•2
54 '
Totals....... 324-8 568-3 17-6 14-4 153-4 5 7 1 48-8 14-3 2 5 5 1 6 1 45-2 38-7 150-2 23'4 9 1 I F e 32-2 19-2 43-8 37-7 1 9 8 9 7 1 ,5 4 2 1 ,6 9 6 3 .3 3 8
Liabilities.
Capital stock 5 2 ’4 4 8 6 1-4 1-6 22-9 10-9 13-2 2-6 3-6 4-9 9-1 8-1 20-8 4-4
4-0 2 ‘5 24 1
436
•7 4-8 4*5 10-7 7-3
•8
677
Surplus fund 13-9 37-9 1-i* 1-3 13-4 6-2 4 3 l-o 1-8 1-1 2-5 t-7
•0
•8 1 0 3
•7
1-4
•9
•3 1-3
135 2 2 8
9-3
•0
•5
U adi. profits.
•5
•2
•3
3-4 1-4 1*5
•8
*5
•3
5-4 1 8 0
3 ’2
41
*5
•4
*7
"3
•2 1-2
•8
67
•3 1*1
■7
108
4-2
5-8
Circulation..
•5
•4
•4
•1
3-4 1-3 l-o
•8
•4
•5
•0
•8
•1
•2
23
1 13
•5
•8
•9
•4
•2
•5
13d
Due to dep’rs 105-2 270-8 13-0 6-9 88-5 31-6 23-8 9-5 13-9 5-9 31-6 13-8 65-0 11*0 5-2 1-4 9 5 9 0 18-1 9-0 9 1 4-1 7 4 8
8 7 3 1 .6 2 1
Duetobanks 43-2 1 8 6 1
•3 4 0 2 2 5 5-5 4-9
•9 5-1 2-6 1 1 1 8-4 5-2 1-9 3 7 9
4 43
•2 2-8 3-0 9 7 3-8 5 0 5 6-2 3-0
63
•1
Other liab’s..
•5
•2
•3
•1
•3
•8
•2
•1 1-9
•1
7
30
•4
•3 1-2
37
Totals....... 224*8 5 6 8 3 17-6 14-4 153-4 5 7 1 4 8 8 14-3 2 5 5 1 6 i 45-2128-7 150-2 2 3 4 9 1 1 3-« 32-2 19-3 4 2 8 37-7 19 8 9 7 1 .5 4 2 1 ,6 9 6 3 .2 3 8
!
THE CHRONICLE.
200
[VOL. LIY,
Latest Earnings Reported
IttM X s lr a e w i
R o ad s.
Week or Mo
1891-2.
1890-1.
Jan. 1 to Latest Date.
1891-2.
189C-1.
AND
a ilr e a tl
The I nvestors’ Supplement, a pamphlet o f 150 pages >
contains extended tables o f the Stocks and Bonds o f Rail
roads, and other Companies, with remarks and statistics con
cerning the income, financial status, etc., o f each Company.
It is published on the last Saturday o f every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular sub
scribers o f the Chronicle. E xtra copies are sold to sub
scribers o f the Chronicle at 50 cents each, and to others at
$1 p er copy.
The General Quotations o f Stocks and Bonds, occupying
s lx pages o f the Chronicle, are published on the t h ir d
Saturday o f each month.
RAILROAD EARNINGS.
'
Latest E a m m g s Reported.
BOADS.
Week or Mo
A labam a MidPu. Septemb’r
A llegheny V al.. November.
A toh .T . & 8.F e.. 2d wk J an.
H a lf o w n e d . . . 2a w k Jan.
Total system. 2d w k Jan.
8t L .& S a n F .. 2d wk Jan.
H a lf ow n ed .. 2d wk Jan.
Tot.S.L.*S.F. 2d wk J an.
A gg. t o t a l .. 2d wk Jan.
A tla n ta * Char.’' O c to b e r...
A tlanta & Flor’ a D ecem ber.
A tlanta * W .Pt. November.
B.&O.EastLines D ecem ber.
Western Lines D ecem ber.
fPnfo |
Decem ber.
Bal.&O.Soutiiw. 3d w k Jan
Balt. & Potom ac O ctob er. . .
B a t h * Ham ’nds O c to b e r...
Bir. & A tlautio. Decem ber.
BIr. Sh. & Tenn. R November.
Buff. Roch. A Pitt 3d wk Jan.
Bur. C.Rap.&N D ecem ber.
Oamden & A tl. November.
OanadianPacitlc 3d wit Jan.
C p.F ’r&Yad.Val D ecem ber.
Car.Cum.G&Ch. O c to b e r...
Car. M id la n d ... O cto b e r...
Cen.RR.& Bg.Co J u ly ..........
Central o f N. J .. D ecem ber.
Central P acific.. November.
Central o f S. C .. O cto b e r...
Ohar.Cin. &Chic D ecem ber.
Chari est’u & Sav November.
Char. Sum.&No. Decem ber.
Ghatt’n’ gaU ni’n O ctob er...
Oheraw. & Dari. Nov ember.
Cheraw. & Salisb O ctob er. . .
Ches. & O h io.... 3d wk Jan.
Ches.O. & S. W. December.
Chic. Bur. & No. November.
Ohio. Burl. & Q. November.
C h ic.* East.111. 3d wk Jan
Chicago & E rie. November.
Ohic.M il.&St.P. 3d wk Jan.
Ohio. A N ’thw ’ n . D ecem ber.
Ohic.Peo.&S.L.t 3 d w k Jan.
Ohio. R’ k l.& P .o December
Chic.St.P.&K.O. 2d wk Jan.
Ohio. Bt.P. M. &t>. November.
Ohio. & W. Mien 3d wk Jan.
Gln.Ga. & Ports. D ecem ber.
O n . J a c k * Mao. 3d wk Jan.
Cln.N. O. & T .P . 2d wk Jan.
Ala. Gt. South. 2d wk Jan.
N. Orl. & N. E. 2d wk Jan.
Ala * Vioksb. 2d wk Jan.
Vicas. Sk. & P. 2d wk Jan.
E rlanger Syst. *2d w kJan.
Olnn. Northw* n . D ecem ber.
O n . P orts. & V.. D ecem ber.
Col. & Maysv. D ecem ber.
Oln.Wab.&Mieh. Decem ber.
Oev.Akron& Coi 2d w kJa n .
Clev. & Canton.. November.
CJl.Cin.Ch.&S.L 3d wk Jan.
Peo. & East’n. 3d wk Jan.
O e v . & Marietta Decem ber.
Color. Midland. 2d w k Jan.
Col. H. V. & Tol. Decem ber.
Col. Shawnee&H 2d w kJan.
Colusa & L ake.. D ecem ber.
Conn. R iv e r ___ December.
Current R iv e r .. 2d w k Jan.
D eny. & R io Gr. 3d w k Jan.
D es Moin. & No. D ecem ber.
D es M. & N ’ west D ecem ber.
D el.B ay C.&Alp Decem ber.
D e tL a n s’g & No 3d wk Jan.
Duluth S.S.&Atl 3d w kJan.
Duluth & Winn. D ecem ber.
E.Tenn. V a. &G a. 3d wk Jan.
E lgin Jol.&East. Decem ber.
Eliz.Lex.& B.S... O c to b e r...
Evans.& Ind’plis |3d w k Jan.
E v an sv. & T. H. 3d wk Jan.
jjttehburg........... [November.
Flint. & P . Mara. 2 d w k Jan.
F loren ce______ 'O cto b e r. . .
F lor. C en t.* P . D e cem ier.
F t W. & R io Gr. 3d w k Jan,
6 a . Car’la * No. O c to b e r ...
G eorgia RR....... November.
1891-2.
1890-1.
$
$
43,693
213,276
510,002
23,310
533,31
94,800
22,698
1 1 7 ,4 9 '
650,809
75,437
14,503
45,649
,537,342
475,545
,012,887
42,274
157,522
5,727
6,247
17.057
43,224
306,104
42.058
293,000
46,103
3,263
6,940
416,641
,176,896
,390,900
10,607
14,033
57,501
9.537
10,179
9,562
2,982
156,119
209,932
208,980
,872.681
79,700
215,507
442,408
,183,176
16,928
,353,133
62.790
677,727
25,445
5,513
11,738
71,226
29.790
21,279
10,365
10,903
143,563
1,954
19,490
673
50,803
15,665
56,304
241.374
29.483
30,539
38,500
244,678
9,282
1,653
85,988
1,833
165,500
10,394
19,389
39,618
18,630
26,647
7,074
162,070
49.717
76,318
6,408
20,967
596,515
57,066
5.182
143,124
3,896
9,951
173,880
49,903
218,473
560,923
34,082
595,004
100,872
33,316
134,188
729,192
80,107
15.593
45.115
1.628.127
548,028
2,176,155
46,284
162,827
4,453
3,257
20,167
48.594
394,957
40,049
347,000
42,590
4,171
7,064
496,982
1,155,408
1.401.127
10,675
14,100
55.852
15,000
8.852
8,573
3,586
156,700
202,781
221,100
3,541,110
79.517
255,939
549,913
2,585,817
21.523
1,482,967
74,229
831,445
24,882
5.089
11,235
63,959
29,957
20,504
11,456
8,837
134,713
1,740
20,767
985
61.852
17.338
60,055
219,248
30,189
29,831
37,016
285,753
12,706
2,218
91,337
1,279
168,500
12,130
25,795
21,600
18,365
30.116
11,931
123,877
77,123
86,948
6,262
21,758
605,632
58,093
5.494
171,300
3,451
24.607
159.728
Jan. 1 to Latest Date.
1891-2.
| 1890-1.
2,345,236 2,385,787
1,094,560.
991,128
66,063
48.259
11,160,623 1,039,386
196,732
186,842
64,623
47,064
233,906
261,358
1,421,978 1,273,292
119, 530
439, 341
19,169, 896
5,689, 233
24,878, 724
142, 257
1,466, ,109
22 , 391
50, 191
192, 680
147, 532
3,S86, 340
761, 170
1,134, .000
583, 357
37, 531
130,783
427.324
,657,734
,661,895
,319,529
121,786
,415,444
21,575
78,238
175,002
129,672
,303,982
760,665
869,000
555.209
23,294
14,201,767
15,504,798
84,368
163,842
666,783
139,477
83,712
95,197
20,999
488,756
2,339,016
1,998,782
31,827,897
220,957
2,443,319
1,669,787
29,314,075
65,752
17,183,902
151,509
7,232,950
74,678
68,494
34.858
126,271
59,018
41,008
24,845
22,754
273,896
21,551
247,016
12,474
744,036
31,655
662,720
688,588
90,285
346.010
70,498
3,289,500
22,911
29,224
1,114,826
2,666
442,300
131,769
215,540
422,930
51.827
82.860
85,571
363,924
727,571
662.011
18,934
59,611
6,476,282
109,085
36,296
1,491,118
13,277
112,392
1,649,473
13,663,726
14,683,529
95,168
137,048
614,561
78,206
96,749
98,655
20,161
445.170
2,161,684
1,881,038
32,314,854
220,761
2,494,317
1,334,271
28,038,207
47,099
16,971,132
119,477
6,274,536
67,922
67,507
33,603
135,883
57,404
41,569
23,678
21,305
279,839
20.238
227,813
9,459
603.170
31,433
526,903
693,160
80,691
334,835
72.872
3,078.900
16,414
25.648
1,129,414
3,795
432,500
120,139
221,097
520,416
53,431
80.648
57,149
472,854
591,482
682,012
18,474
62,114
6,495,470
106,938
34,231
1,212,437
11,383
52,973
1,629,543
Geo. So. & F la .. December.
757,375
71,858
736,696
76,290
G eorget’n & W ’ n O ctob er. . .
34,301
3,386
32,472
3.217
Gr. Rap. & In d .. 3 d w k Jan.
38,277
111,691
106,404
39,199
Cin.R.&Ft. W. 3d wk Jan
20,782
7,137
19,522
7,282
Other lin e s __ 3d wk Jan.
8,715
3,215
9,320
3,175
Total all lines. 3d wk Jan.
48,629
141,188
135,246
49.655
Grand T ru n k ... Wk.Jan 23 338,190 336,861' 1,013,756
997,581
Chic & G r.T r. Wk.Jan.16
148,441
71.333
148,291
71,992
Det.Gr.H &M. Wk.Jan.16
38,914
19,022
39,647
19,823
Great N orth’n St. P. M. & M . Decem ber. 1,289,385 974,945 11,711,787 10,135,917
East, o f Minn. Decem ber. 114,960
666,968
40,887 1,179,127
Montana Cent. December. 112,433 116,485
882.759
741,148
Tot. system . Decem ber. 1,516,779 1.132.318 14,173,672 11,944,032
Gulf & Chicago. Decem ber.
43,221
44,190
4,865
4,886
Housatonic....... O c to b e r...
147,233 149,391 1,300,375 1,316,418
Humest’ n&Shen Decem ber.
171,904
16,000
169,830
17,233
Hutch.&South’n Decem ber.
6,721
3,000
Illinois Centr’l .. D ecem ber. 1,723,611 1,692,786 18,629,730 16,916,137
486,294
Ind.Dec.&W est, D ecem ber.
464.086
56,129
52,526
In. & Gt.North’n 2 d w k Jan.
127,871
64,575
132,276
65,622
130.364
Iow a C entral... 3d w k Jan.
96,205
49,606
34.880
34,590
3,221
Iron R a ilw a v ... Decem ber.
37,116
3,258
763,944
J’k’n v .T .* K .W . December
609,772
76,110
71,889
Kanawha&Mich 3d wk Jan.
15,801
15,698
4,766
6,483
7,713
Kan. C. Cl. & 8p. 2d w kJan.
3,949
11,428
5,594
K.C.F.S. &Mem. 2d w kJan.
175,435
137,890
86,211
70.375
K. C.Mem. & Bir. 2d w kJan.
43
430
43,582
21,315
22.420
Keokuk & West. 2d w k Ja n .
14,679
14.340
7,717
7,170
75,094
L. Erie All. & So December.
68,007
6.668
6,143
L. Erie & West . 3d w k Jan.
188,887
163,635
64,070
63,381
407,789
L e h ig h * H u d .. D ecem ber.
366,717
30.222
32,603
L. R ock & Mem. 2d wk Jan.
26,277
36,998
11,782
18.499
Long Isla n d ___ 3d w kJan.
181.842
179.788
56,642
60,391
442,005
L ouis.* M o.R iv. November.
384,956
42,637
36.915
44,466
Louis. Ev.&St.L. 3d wk Jan.
76,815
14,762
26,745
Louisv.&Nashv. 3 d w k Jan. 324,820 338,310 1,012,045 1,052,400
Louis. N. A&Ch. 3d wk Jan.
130,961
126,937
42,482
41.421
212,472
Louisv.N.O. & T. 3d w k Jan.
251,153
64,122
85,049
Lou. St.L.&Tex. 3d wk Jan
34,174
19,571
12,057
7,394
166,132
Lynchb. &Dur’m December.
114,787
14,073
14,000
71,323
100,962
Memphis & Chas 3d wk Jan.
22,552
33,687
396,315
381,201
{M exican Cent... 3d wk Jan. 147,683 136,168
212,880
fMex. N a tion al. 3d w k Jan.
224,298
70,866
74,447
3,939,707
4,106,961
{M exican R’ way Wk Jan. 2
66.500
81.500
Mil.L.Sh.&West 4th w k Dec
72,118
64,495 3,527,714 3,848,568
77.559
83,894
26.333
Milwaukee &No 3d wk Jan.
30.792
147,402
125,468
Mi ner al R ange.. D ecem ber.
13,300
11,377
1,817,280
1,510,844
Minneap. &St.L. D ecem ber. 149,838 134.274
M. St.P. &S.S.M. December. 280,769 144,053 2,580,676 2,013,371
455,091
Mo.Kan.&Tex.i> 3d wk Jan. 142.284 153,467
437,587
Mo.Pac.&IronM 3d wk Jan. 423,55.1 420,765 1,286,108 1,168,873
243,060
256.364
Mobile & B irin .. November.
30,240
28,844
Mobile & O h io.. D ecem ber. 331,512 346,550 3,495,777 3,441,847
883,462
443,674
Monterey&M.G Decem ber.
75.343
72.344
Nash.Ch.&StL.e December. 434.689 347,203 4,739,442 3,784,634
293,892
265,400
N. Jersey &N.Y. December.
24.263
21.345
159,190
173,415
New Orl. * So’n December.
19.263
20,817
N. Y. C.& H .R .e Decem ber. 4.050,980 3,388,413 44,264,060 40,204,882
N. Y. L. E. & W . D ecem ier. 2,641,562 2,377,635 30,685,633 29,204,700
N. Y. Pa. & Ohio November. 593,078 592,409 6,464,843 6,664,466
N. Y .& N .E n g .. November. 529,768 506.715 5,729,016 5,546,348
511,729
509,515
N. Y .& North’n . D ecem ber
35,215
36,707
133,421
146,252
N. Y .O n t & W.. 3d wk Jan.
46,839
50,349
N.Y. Susq. & W.. December. 135,030 130,048 1,656,523 1,592,083
509,511
492,088
N orfolk * W est.. 3d w k Jan. 153,693 175,097
581,803
505,758
N’theast’n(S. C.) O c to b e r...
59,750
65,598
North’n Central. November. 575.468 536,141 6,206,971 6,125,337
961,302 1,214,883
Northern Pacific 3d wk Jan. 313,560 381,092
248,428
253,308
86.283
Wis. Ct. Lines. 3d w k Jan.
85.655
N.P.& W.Cent. 3d w k Ja n . 399,843 466,747 1,214,610 1,463,311
248,594
274,976
80,513
O h io * M iss....... 3 d w k Jan.
86.087
24,766
26,150
12,625
Ohio R iver......... 2d w kJan.
12,383
554,861
538,773
Ohio Southern.. 4th wk Deo
13,273
13,008
556.086
451,885
Omaha & St. L .. November.
49,640
45,070
Oregon Imp. Co. November. 363,773 392,482 3,911,590 4,175,153
Pennsylvania .. Decem ber. 5,796,829 5.305.319 67,426,841 66,202,260
44,419
45,199
Peoria Dec.&Ev. 3d wk Jan.
16,809
16,654
488,459
478,351
P etersbu rg.----- November.
38,551
39,531
Phila. & E r ie ... November. 429,331 438,295 4,782,504 4,755,781
Phila. & R ead’g D ecem ber. 1,881,522 1, 686,111 22,049,212 20,965,656
C oal& IronC o. Decem ber. 1,784,423 1,606,377 21,489,780,19,161.556
TotalbothCos. Decem ber. 3,665,945 3,292,488 43 ,53«,994 40,127,212
--37,636
44,502
3,446
3,396
Pitts. Mar. & Ch. D ecem ber.
262,295
337,440
Pitt.Shen.&L.E. Decem ber.
30,794
22,815
Pittsb. & West’n November. 122,636 127,362 1,355,320 1,357,694
450.407
452,184
Pitts.Clev.&T. November,
45,690
44.279
269,184
284,798
26.564
Pitts.Pain.&F. November.
27,512
103,982
93,473
35,269
34,727
Total system 3 d w k Jan.
1,268,533
1.190,698
108,099
95,953
Pitt. Y oung. &a . November.
274,155
303,300
Pt. Royal & Aug. O ctob er. . .
29,981
34.793
329,899
326,767
36.280
Pt.Roy.&W.Car. O ctob er. . .
44,488
134,595
139,443
9,567
Pres.&Ariz.Cen. December
11.088
254,627
262,626
24,078
24,127
Quincy O.&K.C. Decem ber
515,700 523.500 6,017,700 5,775,000
Rich.&Danvilie. Decem ber
164,600 184.200 2,243,815 2,274,980
Vir. M idland.. D ecem ber
960,845
967,248
82.900
89,100
Char. Col. &Au. D ecem ber
869.580
846,419
76.900
82.880
Col. & Greenv. D ecem ber
971,925
80,740 1,042,648
79,600
West. No. Car. Decem ber
1,885,775
2,057,870
213,800 180.200
Georgia P a o .. D ecem ber
148,817
16 3,160|
12,720
11,490
W ash.O .* W .. D ecem ber
150.408
162,302
12,925
12,000
Ashv. & Spart D ecem ber.
13,201,820
13,656,366
223,755
272.715
4th
w
k
D
ec
Total Sys’ m.
307,490
303,101
25,204
25,775
Rich. & Petersb. November.
28,538
10.565
R io Gr’ de South. 3d w k Jan.
111,875
97,450
36.500
£9,275
Rio Gr. W est.. 3d w k Jan.
Rome W. & Ogd. D ecem ber. 333,351 304,457 3,985,972 3,946.240
102,587
106.647
8,648
7,623
Sag.Tuscola&H. December.
48,542
49,560
26,730
26,870
S t.L .A * T.H .B ’6 2d w k Jan.
216,796
219,146
70,700
78,000
St-.L. Southw’m . 3d wk Jan.
1,494,225
1,824,430
St.P aul& D ul’ tb Decem ber. 135,950 115,430
45,941
54.158
S.Ant.&Ar.Pass. 4thwk Oct.
19,983
19,303
10.054
10,039
g. Fran.&N.Pac. 2d w kJan.
400,629
502,979
44,895
46,987
D
ecem
ber.
Sav. Am. & Mon.
2,421,057
2,690,752
269,372 245,279
Sav.Fl». & West O ctob er. . .
105.674
125,468
8,090
13,341
S ilv erton ........... Decem ber.
312,091
444,559
29,692
40,000
Sioux C it y * No. D ecem ber.
So. Pacific Co.—
Gal.Har.&S.A. November. 425.689 422,531 4,130,584 3,950.756
956,808 1.072,794
Louis’ » W est.. November. 121,631 107,388
Morgan’ s L&T. November. 699,903 633,684 5,082,909 5,047,661
202,900
217,029
29,330
25,552
S. Y .T .& M e x November.
T ex. & N. Orl November. 165,481 169,648 1,523,353 1,735,696
12,009,806
12,048,017
1,358,804
Atlantic sys.d. November. 1,471,616
Pacific system November. 3,296,352 3,008,466 34,267,518 32,181,494
1 otal o f all November. 4.797,968 4.385.626 46 315,535 44.270.441
THE CHRONICLE.
J anuary 80, 1892.]
R oads .
Latest E arnings Reported.
W eekorM o 1891-92.
1890-91
Jan. 1 to Latest Date
1891-92.
1890-91.
$
$
(50 Pao. R R .—
Coast Div. (Cal; November. 207,536 175,130 2,175,511 2,139,668
Bo. D iv. (Cal.) November. 679,732) 537,580 6,317,565 5,950,568
A rizona D iv .. November. 190,305) 176,810 1,871.720 1,850,209
New M ex. Div. November.
92,722
90,936
970,768
957.589
South Carolina Decem ber. 124.570 149,762 1,660.497 1,563.619
Bpar. Un. & Col O ctob er. . .
110,374
10,994
11,438
103,505
Staten Isl. R. T. D ecem ber.
58,435 1,035,601 1,005,196
63,894
StonyCl.&CM t.. Novem ber
1,662
52,884
1,666
51,868
Bttmmit Branch. December. 112,988 110,171 1,239,820 1,123,756
Lykens Valley D ecem ber.
75,354
83,050
942,479
955,567
T ot’l both Co’ s Decem ber. 196,037 185,525 2,232,297 2,079,320
Tenn. M idland.. December.
25,449
22,800
212,371
218,390
Terre H. & Peo Septem b’r.
34,571
288,646
T exas & Pacific 3d wk Jan. 114,364 135,507
353,505
393,445
T ex.8.V al*N .W Decem ber.
5,314
48,184
5,008
52,933
Tol. A , A .& N .M D ecem ber.
81,172 1,024,117 1,127.209
84,187
T ol. Col. & Cin. 3d wk Jan,
4,477
15,065
4,898
14,717
23,932
Tol. & Ohio Cent. 3d wk Jan.
22,184
77,037
73.135
Tol. P. & W est.. 2d wk J an.
22,428
41,985
16,537
33,386
27,564
Tol. St. L .& K .C . 3d wk Jan.
41,026
114,599
84,602
Tol. & So. H aven D ecem ber.
1,962
1,852
27,290
26,642
26,749
U lster & D e l___ November.
28,322
360,616
346,248
Union Pacific—
Or.S.L. &U. N., November. 656,423 671,698 6,963, 061
,881,912
Or.Ry.& N . Co. November. 573,305 558,551 5,274. 528
,469,218
571,743 502.774 5,303. 78 0
Un.Pac.D.&G. N ovember
,278,206
15,531
Bt.Jo.&G’d lsl. 2d wk Jan
46) 184
20,045
26,222
A ll oth. lin es.. N ovember 2,315,318 2,187,121 20,746, 030
.032,847
Tot.U.P.Sys. November. 4,228,723 3,993.124 39,116, 384
,852,907
61,522
Osnt.Br.&L.L. November. 105,569
773, 918
918,893
Tot. cont’led November. 4,334,298 4,054,646 39,890) 302 40 ,771,800
89,934
78,752
665, 245
M ontana U n.. November.
876,773
2,672
L eav.T op. & 8. November.
27, 876
2,481
28,869
Man. Al.& Bur. November.
3.598
2,848
38, 003
35,277
84,272
96.013
Join t,ow n’d ... November
731, 124
940,918
Grand total. November. 4,376,434 4,102,653 40,255. 864 41 ,242,260
14,766
V erm ont Valley December.
13,900
188, 632
192,628
W abash.............. 3d wk Jan
259.000 233,000
767, 000
648,000
7,431
Wab. Chest.&W. O ctob er__
7,088
57, 073
51,782
25,951
Wash. Southern. October
28,938
241) 194
233,207
W est Jersey....... November. 104.000 107,096 1,365) 665
,331,382
90,959
93,883 1 , 011 , 367
W.V.Cen.&Pitts. November.
895,693
22,761
12,550
W est Vir.&Pitts. O ctob er. . .
161, 059
93,038
56,507
54,794
W estern o f Ala. November.
520, 858)
500,560
68,000
60,800
W est.N.Y. &Pa. 3d wk Jan.
175, 000
190,900
18,793
20,023
W h eelin g * L. E. 3d wk Jan.
65, 947
60,158
W il. Col. & A ug. O ctob er. . .
95,860 101,371
773, 903
803,937
8,529
W rightsv. & T en . D ecem ber,
6,289
84, 998
91,069
3,607,
Zanes. & O h io... lstw k Sept
3,4191
98, 586
101,224
* Figures co v e r on ly that part o f m ileage located in South Carolina
t Earnings given are on w hole Jacksonville Southeastern System.
a The figures from Jan. 1 to date include corrections fo r the first three
m onths o f each year, b Kansas C i t y * P acific included in both years.
e W estern and Atlantic included in D ec., 1891, but not in 1890.
d Includes earnings from ferries, etc., n ot given separately. 1 M exican
ourrenev. e Includes Rome Water. & Ogd. in both years fo r D ecem ber
and the tw elve months.
For the 3d week of January there is a slight decrease in the
aggregate of roads below. Some of the roads report results
on one less working day the present year, and bad weather has
also been somewhat of an influence in many cases of loss
3d week o f January.
Balt. & Ohio S ou th w ...
Buffalo Roch. & Pittsb.
Canadian P acific...........
Chesapeake & O hio.......
Chicago Milw. & St. Paul.
Chic.Peoria & St.Louis..,
Cincinnati Jack. & Mack.
Cleve. Cin. Chic. &
P eoria & Eastern.
F t. W orth & R io Grande.
Grand Rapids & Indiana
Cincinnati R. & Ft. W .
Other lin e s ...................
Grand Trunk o f Canada.
Jowa Central...................
Lake Erie & W estern ...
L on g Island.....................
Louisv. E vansv. & St. L.
Louisville & N ashville..
Louis. N. A lbany & Chic
L ouisville N. O. & Texas.
L ouisv. St.Louis & Texas
M emphis & C harleston...
M exican Central..............
M exican National .........
Milwaukee & N orthern..
Mo. Kansas & T exas.......
M o. Pacific & I r o n M t...
N ew Y ork Out. & W est...
* Norfolk & W estern .......
N orthern P acific..............
Wisconsin Central lines
-O h io & M ississippi.........
P eoria D ecatur & Evansv.
P ittsburg & W estern.......
R io Grande W estern.......
St. Louis Southw estern..
Texas & P a cific................
T oledo Col. & Cincinnati.
T oledo & Ohio C en tral...
T oledo St. L. & Kan. City.
W abash....... .......................
W èstern N. Y. & P en n ..
W h e e lin g * Lake E r ie ...
1892.
1891.
$
46,284
4S.594
347.00C
156,700
79.500
549,912
21,522
24,882
11,235
219,248
30,188
168.500
18,365
30,116
123,877
6,262
21,758
3,451
38.277
7,137
3,215
338,190
49,606
4,766
64,070
56,642
14,762
324,820
42,482
64,122
12,057
22,552
147,683
70,866
26,333
142,234
423,551
46,839
153,693
313,560
86,283
80,513
16,809
35,269
36,500
70,700
114,364
4,477
23,932
41,026
259,000
60,800
20,023
$
42,274
43,224
293.00C
156,119
79,700
442,408
16,928
25,445
11,738
241,374
29,483
165,500
18,630
26.647
162,070
6,408
20,967
3,896
39,198
7,282
3.175
336.861
3 i,88G
6,483
63,381
60,391
26,745
368.3 LO
41,421
85,049
7,384
33,687
136,168
74,447
30,792
153,467
420,765
50,349
175,097
381,092
85,655
86,087
16,654
34,727
39,275
78,000
135,507
4,898
22, L84
27,564
233,000
68,000
18,793
Increase.
$
4,010
5.370
54,000
581
107,505
4,595
706
3,000
3,469
791
40
1,329
14,726
689
1,061
4,673
Decrease
$
200
563
503
22,126
265
38,193
146
445
921
145
1,717
3,749
11,983
43,490
20,927
11,135
11,515
3,581
4,459
11,183
2,786
628
3,510
21,404
67,532
5i574
155
542
2,775
7,300
21,143
421
1,748
13,462
26,000
201
For the 2d week of January our statement covers 81 roads
and shows 5'10 per cent gain.
2d week o f January.
1892.
1891.
Prev’ly report’ d /60roads)
Chicago & Grand Trunk..
d n .N .O . &T.Pac. (5 roads)
Cleveland A kron & Col. . .
Col. Shawnee & Hocking.
Current R iv er..................
Detroit Gr. H. & M il.......
Duluth So. Sh. & Atlantic
Int. & Gt. Northern.........
Kansas City Clin. & Spr..
Kan. City F t. S. & M em ...
Kansas C. Mem. & Birin.
Keokuk & W estern...........
Little R ock & M em phis..
Ohio R iver..........................
St. Joseph & Gr. Island..
St. L. Alt. &T. H. Brches.
San Francisco & No. Pac.
$
6,147.292
71.333
134.713
17,338
12,706
1,279
19.022
28,645
64,575
3.949
86,211
21,315
7,717
11,732
12.625
20,045
26,730
10,039
$
5,829,563
71,992
143,563
15,665
9,282
1.833
19.823
29.195
65,622
5,594
70,375
22,420
7,170
18,499
12.383
12,531
26,87o
10,054
6,697.316
6,372,434
T otal (81 roa d s)............
Net increase (5-10 p.c.)
Increase.
Decrease.
559,492
1,673
3.421
15,833.
" * '5 4 7
" " 2Ï 2 !
7,514
55 4
801
550
1,047
1,645
"i',105
*6,717
110
15
588,728
324,882
263,846
Net Earnings M onthly 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 Chronicle of January 23.
the issue of February 20.
The next will appear in
------Gross Earnings.— ,,-----Net Earnings.------->
1891.
1890.
1891.
1890.
Roads.
$
$
$
$
Canadian P a c ific .«..D e c . 1,914,814 1,548,491
882,197
57 5,62 9
Jan. 1 to Dec. 31. ..2 0,241,096 17 ,032,316 8,009,660 6,450,466
C en t.ofN ew J erseya D ec. 1,155,408
1,176,896 507,573
501,872
Jan. 1 to Dec. 3 1 ...1 4 ,2 0 1 ,7 6 7 13,663,726 6,091,817 5,907,026
Chesapeake&Ohio.a.Dec.
772,055
639,627 200,477
155,656
Jan. 1 to Dec. 3 1 ...
8,817,470 7,719,614 2,283,202 1,766,776
Ju ly 1 to Dec. 3 1 ...
4,802,025 4,111,668 1,303,098 1,151,934
Chic. Mil. & S t.P aulaD ec. 3,092,050 2,453,280 1,372,438
955,604
Jan. 1 to Dec. 3 1 ...2 9 ,8 6 0 ,8 3 8 26,810,830 10,566,725 8,941,859
Ju ly 1 to Dec. 3 1 ...1 7 ,5 5 3 ,0 3 5 15,196,421 7,058,900 5,629,900
Clev.Cin. C.& St. L. .aD ec. 1,275,743 1,183,492
379,696
318,601
Jan. 1 to Dec. 3 1 ...1 3 ,5 7 3 ,2 0 1 13,161,025 4,320,462 4.281,675
Ju ly 1 to Dec. 3 1 -.. 7,312,212 6,886,812 2,248,127 2,083,367
Colorado Fuel C o___ D ec........................
29,978
35,914
Ju ly 1 to D ec. 3 1 ...
........
158,832
158,776
Iow a Central b .........D ec.
183,711 155,002
66,589
43,872
Jan. 1 to D ec. 3 1 ...
1,802,529 1,688,076
539,459
506,754
Ju ly 1 to Dec. 3 1 ...
1,024,752 938,066
345,310
298,313
Kan.C. Ft. S.&Mem. aD ec.
458,894 411,524
149,664
124,844
Jan. 1 to Deo. 3 1 ...
4,812,776 4,822,426 1,429,258 1,375,284
July 1 to D ec. 3 1 ...
2,581,275 2,471,610
839,393
724,056
Louisv. St. L .& T e x .. D ec.
58,544
36,561
23,469
13,518
Jan. 1 to Deo. 3 1 ...
486,108 399,307
213,359
168,937
Ju ly 1 to Dec. 3 1 ...
273,698 216,255
125,194
91,930
N.Y.L.E.&W estern.cD ec. 2,641.562
2,377,635 803,464
708,896
Jan. 1 to Dec. 3 1 ...3 0 ,6 8 5 ,6 3 3 29,201,700 9,991,328 9,495,401
Oct. 1 to D ec 3 1 ...
8,199,732 7,604,798 2,712,419 2,5 67,8 56
N. Y . Sus. & W e s t.b .D e c .
135,030 130,048
63,225
62,659
Jan. 1 to Dec. 3 1 ...
1,656,523 1,592,083
748,790
701,115
P ennsylvania............ Deo.
5,796,829 5,305,319 1,562,709 1,596,111
Jan. 1 to Dec. 3 1 ...6 7 ,4 2 6 ,8 4 1 66,202,260 21,479,396 21,221,705
L in esw estofP .& E .D ec.
D eo. 193,087
D e c . 455,774
Jan. 1 to Deo. 3 1 ...
D e c .1,003,645
I n c . 333,491
Phila. & R e a d in g ....D ec. 3,881,522
1,686,111 907,684
699,649
Jan. 1 to Dec. 31 . ..2 2,019,212 20,965,656 10,199,616 9,027,055
C o a l* I r o n C o.......Dec. 1,784,423
1,606,377 72,324
9,868
Jan. 1 to Dec. 31.21,489,780 19,161,556
545,122 d f. 112,803
Total both Co’ s ....D e c . 3,665,945
3,292,488 980,008
709,517
Jan. 1 to D ec. 31 .43,538,994 40,127,212 10,744,739 8,914,250
St.L. A.& T .H .bchs.b Nov.
125,315 123,578
60,166
54,642
Jan. 1 to Nov. 3 0 ...
1,298,935 1,211,484
557,250
515,023
Whitebr’ stF u el C o.tN ov .........................
t9,893
t l7 ,7 l2
Jan. 1 to Nov. 3 0 .............................
81,572
152,360
t37,179
t69,247
Ju ly 1 to Nov. 3 0 ............................
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
c Net earnings are here given after deducting taxes on property.
* A fter deducting proportion due roads operated on a percentage
basis, net in December, 1891, was 8560,738, against 8478,707 in 1890;
for 12 m onths to D ecem ber 31, $7,387,459, against $6,876,549, and
October 1 to D ecem ber 31 $1,995,477, against $1,867,717.
t Decrease in Novem ber and Ju ly 1 to N ovem ber 30 is explained as
fo llo w s : $2,000 was charged off in November, w hich really is a charge
on whole year and rental o f mine ($1,300 per m onth), w h ich last year
was taken out at end o f year now charged m onthly. The railroads are
taking 50 to 100 per cent m ore coal on contracts w hich are low er than
prices to general trade, reducing the average price.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
7,200
r-In ter’t, rentals, <&c.s , -Bai. o f Net E arns.1891.
1890.
1891.
1390.
Roads.
$
$
5,124,600 5,172,579
264,611
312,590 Ciev.Cin.Chic & 8t L. t)ec.
220,309
224,780
159,387
93.821
jf e t decrease (0~93 p .c.).. . ..........
47,9791
-------July 1 to Dec. 3 1 ... 1,290,342 1,300,223
-7 8 3 ,1 4 4
957,785
t Includes in both years K n oxville * Ohio, ! Kan. City Ft. 8. & M .Dèc.
89,847
88,210
59,817
30:004
file ¡Southern.
July 1 to Dec. 31 . .
54!3,832
537,027
187,029
295,561
1,230
202
THE CHRONICLE.
ANNUAL REPORTS.
[V ol. L1V.
com pany fo r the purpose o f its incorporation and fo r im provem ents
upon, or to, its property, to the am ount o f the value thereof. The stock
to be issued from time to tim e, in such sums and in such m anner and
fo r such purpose as the board o f directors m ay determine, the board or
directors being authorized, and they hereby are authorized, to take all
the necessary proceedings fo r the issue o f thestock and the filing o f the
necessary certificates.
Delaware Lackawanna & Western Railroad.
( For the year ending Dec. 31, 1891.J
The resolution was freely discussed at the meeting, the re
The annual report of this company consists of a brief income
account and balance sheet, issued in circular form, and the sult being its unanimous adoption. In accordance with the
statements of four years past have been compiled for the resolution and under the authority conferred by the stock
holders upon the board of directors, they have prepared the
C h r o n i c l e as b e lo w :
formal assent for execution by the stockholders according to
EARNINGS AND EXPENSES.
the instructions which accompany it. The legal requirements
1891.
1890.
make it important that the assent shall be executed without
1889.
1888.
$
$
$
$
delay. These assents will only be used when stockholders rep
G ross rec’ts all sou rces.. 43,232,422 38,247,62240,688,645 41,849,754
resenting two-thirds in amount of the capital shall have
Operating expenses....... 33,546,135 30,653,586 32,499,859 33,894,591 united in the proposed action. The increase will become
121,474
Betterments, equip., &c..
967,605
223,577 240,019
practical only should occasion require, and then only to meet
Total expenses............ .* 34,513,740 30,877,163 32,739,878 34.016,065 the occasion.
J o h n E . S e a r l e s J r ., Secretary.
H ot receipts...................... 8,718,682 7.370,459 7,948,767 7,833,689
Atchison Topeka & Santa F e .-I n regard to the issue of
INCOME ACCOUNT.
equipment bonds noticed in last week’s C h r o n i c l e , a
Boston exchange says: “ These were additional to those
1891.
1888.
1889.
1890.
<c
mentioned in the annual report. The new issue, together
$
$
$
N et receip ts...................... 8,718,682 7,370,459 7,948,767 7,833,689 with the $2,100,000 of advances made for equipment already
Interest and rentals....... 5,218,419 5,222,375 5,328,494 5,418,226
received, gives the company an equipment debt of nearly
Balance, surplus................ 3,500,263 2,148,084 2,620,273 2,415,463 $5,000,000. The new issue was, however, demanded by the
D ividends ( 7 p er c e n t)..
1,834,000 1,834,000 1,834,000 1,834,000 rapidly-growing traffic of the line and the big business sure
Balance after dividends. 1,666,263 314,084
786,273
581,463 to come this year.”
Called Bonds.—The following bonds have been called for
The reports show that 9*21 per cent was earned on the stock
in 1891, against 10 per cent in 1890, 8‘20 in 1889,18'35 in 1888 payment:
_
M i s s i s s ip p i R i v e r B r i d g e Co .—Bonds numbered 108, 205,
and 11-97 in 1887.
237, 373, 432, 471 and 620 are to be redeemed on April 1, 1892,
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
by Messrs. John Paton & Co., N o . 5 2 William Street, New
1891.
1889.
1890.
1888.
York. Interest will cease April 1.
Assets—
$
$
$
$
R R .. build’gs, equip’t,
Canadian Pacific.—The Canadian Pacific Railroad Com
coal lands, & c......... 34,538,226 34,804,646 34,804,646 34,804,646 pany propose at the coming session of Parliament to ask for
Stocks and
bonds
power
to issue stock in place of debentures, as now author
8,789,440
8,829,966
5,687,090
ow ned, cost.-.......... 5,873,340
*117,203
N et cash & cur. accts *2,582,749 *2,672,237
*654,209 ized, should the shareholders at any time deem it advisable.
1,506,339
1,738,297
1,742,228 Mr. Van Horne says that the company is laboring under
M aterials, fuel, & c ... 1,361,914
T ota l..................... 44,356,229 44,670,312 45,449,586 46,031,049 restrictions the like of which are not imposed on any other
company in Canada or the United States, and there being no
Liabilities—
S to ck ........................... 26,200,000 26,200,000 26,200,000 26,200,000 longer any necessity for such provisions, as the Government
3,667,000 loan has been paid, it would be unfair to the Canadian Pacific
3,674,000
3,667,000
Funded debt................ 3.674,000
Surplus accou n t....... 14,482,229 14,796,312 15,582,586 16,164,049
were it obliged to raise money that must eventually be re
Total liabilities.. 44,356,229 44,670,312 45,449,586 46,031,049 quired for improvements in such a disadvantageous manner
as debentures, and thus adding to fixed charges, more partic
ularly when the position of the common stock is taken into
*N et balance betw een liabilities and assets.
The statement of items on both sides of the account which consideration. With reference to a probability of any im
go to make up the above net balances of $117,203 in 1890 and mediate issue, which is causing the weakness, the directors
say it is not in view at all at present. As a matter of fact,
$654,209 in 1891 are as follows :
they cannot issue new stock until the present shares are at
Accounts receivable, as follows:
1890.
1891.
$979,552
$1,010,903 par.
Goal on hand (less than m arket valu e).
1,268,527
1,451,070
Cleveland & Pittsburg.—The general mortgage 4 ^ per
1,158,898
1,985,113
1,741,136
1,766,255 cent series A bonds, guaranteed by Pennsylvania R. R. Co.,
1,714,939
1,474,472 were listed this week on the New York Stock Exchange. In
Loans and sundry accounts r e ce iv a b le ...
688,807
938,109 another column is given at length the application made to
T o t a l..... .................................................... $7,551,860
$8,625,922 the Exchange, which gives folly the facts relating to this is
sue of bonds.
Less accounts payable, vie.—
P ast due dividends, interest and ren ta ls.. $152,904
Colorado Coal & Iron —Colorado Fuel.—Negotiations are
$112,906
Del. L. & W. div., payable Jan. ’ 91 and ’ 92
458,500
458,500 pending between these companies looking to t-ome sort of an
¡Rentals payable after January 1 .............. 1,749,982
1,695,455 alliance wfaich shall do away with needless competition. The
S ta te taxes payable after January 1.........
446,706
326.154
D ecem b er pay-rolls, payable in January.
769,531
797,612 properties are in close proximity, and it is thought might be
B onds and m ortgages....................................
496,851
496,851 operated more economically under one management Nothing
T ouchers due and payable after Jan. 1 .. 1,951,599
1,498,191 has yet bten agreed upon
Sundry obligations,account o f transport’n 1,408,583
2,586,042
Connecticut R iver.—Reports for the quarter and six
Total
$7,434,657
$7,971,713 months ended Dec. 31 to the Railroad Commissioner of Massa
B alance o f accounts receivable................
$117,203
$654,209 chusetts were as follow s:
* Of which $4,443,559 has been paid since close o f year.
GENERAL IN V E ST M E N T N E W S.
American Sugar Refining Company.—The following cir
cular has been issued :
To the stockholders o f the American Sugar Refining Co. .The annual meeting was held at the company’s principal
office, in Jersey City, on January 13th. 318,207 shares of
stock were represented in person or by proxy. Reports were
presented by the President and Treasurer showing the results
o f the year’s business and the condition of the company,
copies of which are annexed. By a unanimous vote Messrs.
Theodore A. Havemeyer and Joseph B. Thomas were re
elected to fill the vacancies in the board of directors caused
by the expiration of their term of office. It was stated, on be
half of the directors, that refined sugar has reached so low a
price that the successful operation of the business requires, in
order to obtain the most satisfactory results, that the company
shall be ready to meet the increased consumption to which the
low price leads; and shall also be ready, should occasion occur,
for the acquisition of other refining properties in the interest
of the enlargement of the business, with its consequent econo
mies. To this end the following resolution was presented :
Resolved, That, with the assent in w iting of stockholders represent
ing two-thirds in value of the existing capital stock, the cap
ital of the company be increased by the amount of $25,000,000, one-half in common and one-half in preferred, the addi
tional stock to be paid for in cash at par or to be used in
payment for land and other property to be acquired by the
r-Quar. end. Dec. 31— ^-Six mos. end. Dec. 311891.
1890.
1891.
1890.
m
^
(p
$
598,549
Gross earnings................. 286,004
290,315
604,368
342,020
159,081
355,357
Operating expenses....... 164,433
Net earnings...........,.
Other incom e...................
121,571
8,937
131,231
8,700
249,011
22,825
256,529
20,433
T ota l......................
C harges.............................
130,508
27,169
139,934
22,070
271,836
57,015
276,962
50,292
Surplus.......... .............
103,339
214,821
226,670
116,964
Edison E lectric Illum inating Co.—The following directors
have been elected : A. A. H. Boissevain, R. R. Bowker, C. H.
Coster, Charles E. Crowell, Thomas A. Edison, J. Buchanan
Henry, E. H. Johnson, D. O. Mills, George Foster Peabody,
F. S. Smithers, Spencer Trask, Henry Villard and J. Hood
Wright.
H. B. Claflin Company.—The report for six months ending
December 31, 1891, says : “ During the autumn of 1890 the de
pression which prevailed at monetary centres did not seri
ously affect general trade. In the spring of 1891 its influence
became serious. During the autumn the depression still pre
vailed and was indeed intensified by unseasonably warm
weather, which delayed the distribution of heavy merchan“ Our net profits for the last six months were $303,435. This
amount added to $354,661 net profits on the spring business
gives a total of $658,096 for the net profits of the calendar
year 1891. This result compares as follows with the four
years given in our prospectus : 1886, $692,000; 1887, $766,000;
1888, $706,000; 1889, $784,000.
—
*
“ In view of the fact that the conditions prevailing through
out the year 1891 were more unfavorable than those of any
vear since 1884. this exhibit is by no means discouraging.”
J a n u a r y 30,1892.]
THE CHRONICLE.
The income account for six months is thus stated :
Net earnings, after p aying all expenses o f every k in d ,............ $303,439
Interest on first preferred stock (h alf-year).................................
70,004
$233,430
Interest on second preferred stock (half-year)............................
84,639
Rem ainder fo r com m on sto ck .......................................................... $148,790
T w o quarterly dividends, aggregating 4 per ce n t....................... 136,288
Surplus on autumn bu siness............. .............................................
Surplus reserve fo r com m on stock carried fo rw a rd ...................
$12,502
266,833
Present surplus reserve fo r com m on sto ck .................................. $279,336
International & Great Northern.—A plan for the reor
ganization of the International & Great Northern Railroad
Company was this week agreed upon by the committees rep
resenting the first and second mortgage bondholders respect
ively and the Gould interest, though no formal agreement has
yet been signed.
The plan provides that the first mortgage will remain as it
is, principal and interest, and will receive for arrears of in
terest and interest on the interest to November, 1891, one-half
cash and one-half funded interest bonds, secured by first
mortgage coupons drawing 5 per cent interest and payable
one-sixth each year. The second mortgage bondholders will
receive third mortgage thirty-year four per cent bonds, with
foreclosure penalties and rights, after six years, for interest
accrued and not paid up.to Sept. 1, 1891, inclusive.
The first mortgage bondholders will receive the coupons
payable in May, 1892, in cash, and the second mortgage hold
ers will receive one-half of the September coupons and all of
the March coupons of 1891 in cash. The second mortgage
bonds from Sept. 1, 1 91, will draw interest at 4% percent
for six years, until the first mortgage interest bonds are paid
off, and five per cent thereafter, until the end of the bond,
provided the interest is paid promptly when due. If a legal
default occurs the interest will return immediately to six per
cent.
The stockholders will furnish by assessments the money to
meet the cash requirements o f the proposed reorganization.
This is estimated at between $13 and $15 a share. The stock
holders refusing or not paying the assessments will be supple
mented by other stockholders, who have in advance agreed to
furnish the money necessary for the reorganization.
No foreclosure proceedings will be consummated, provided
a friendly reorganization plan is carried out. But if necessary
the second mortgage will be foreclosed by the joint committee
of the first and second mortgage bondholders.
L ouisville New Albany & Chicago.—Dow, Jones & Co.
quote parties interested in this company as making the follow
ing statement: “ Louisville Southern is under control of people
who are largely interested in Louisville & New Albany. Chesa
peake & Ohio is making arrangements to use the Louisville
Southern, and Richmond Terminal people are perfecting plans
looking to the sending of traffic over the New Albany road,
and this is going to increase revenue. The New Albany
road has just purchased 1,000 freight cars, and is pushing im
provements in terminals to prepare for the new business.
Manhattan Elevated.—The N. Y. Court of Appeals, by a
unanimous opinion of the Judges of the First Division, except
one not sitting in the case, has decided that a property holder
cannot recover damages against the elevated railroads of IJJew
York if his property has been increased in value since the build
ing of the road, and it cannot be shown that it would have in
creased more had the road not been built.
The decision was rendered in the cases of Nathan Bohn and
others and Peter Somers and others against the Metropolitan
Elevated Railway Company, both cases involving the same
questions. The decisions of the lower court in favor of plain
tiffs are reversed and new trials granted. In his opinion,
Judge Peckham says in conclusion :
203
grow th o f the city in that direction p reven ted it and caused an
in c ease in value, what m aterially lies in the fa ct that t.hi« grow th
w as not caused by the railroad 1 As I have already rem arked, the
fa ct that there has been no dam age is the m aterial fa ct, and n ot the
reasons w hich in truth prevented the injury from occurring. I f it did
not occur, then clearly the lot ow n er has suffered nothing. He receives
all the benefits attaching to the general grow th o f the city w h ich
causes the enhancem ent in value o f his ow n lots, but he is not perm it
ted to recover from defendants alleged damages w hich in fa ct he has
never sustained.”
Marietta & North Georgia.—Messrs. Olcott, Cary, Kissel,
Boody and Carmichael have been constituted a committee
representing all interests, and will shortly submit a plan of
reorganization. The Receiver reports recent gross earnings
as follows: August, $18,182; September, $18,261; October,
$21,184, and November, $16,122.
New York Stock Exchange—New Securities Listed.—The
Governing Committee have added to the list the following:
B uffalo R ochester & P ittsburg R t .—$827,000 additional gen
eral mortgage 5 per cent, making the total amount listed $2,871,000.
Chicago & E rie RR.—-$863,000 additional first m ortgage g o ld 4 -5
per cent bonds o f 1892, m aking the total am ount listed $12,000,000.
Cleveland & P ittsburg R R .—$3,0 o0,000 general m ortgage 4
per cent series A guaranteed gold bonds.
D enver City Cable R y .—$84,000 additional first mortgage 6 per
cent gold bonds, making the total amount listed $3,397,0 0.
E astern R y. of M innesota.—$450,000 additional first division
first mortgage 9 per cent guaranteed twenty-year coupon and regis
tered bonds, making the total amount listed $4,700,000.
H oboken L and & I mprovement Co.—$50,000 additional first m ort
gage 5 per cent gold bonds, m aking the total am ount listed $1,500,000.
L ehigh V alley R y . (of New Y o r k ).—$ 1,000,000 additional first
m ortgage 4 aij per cent guaranteed g old bonds, m aking the total
am ount listed $10,500,000.
Norfolk & Western.—The Maryland & Washington Divi
sion first mortgage 50-year 5 per cent gold bonds were listed
this month on the New York Stock Exchange, and are now
freely dealt in. On another page will be found an abstract of
the mortgage. The Maryland & Washington Division is the
reorganized Shenandoah Valley, extending from Roanoke,
Va., to Hagerstown, Md., 238 miles, and was acquired by the
Norfolk & Western at foreclosure sale Sept. 30, 1890. The line
gives the Norfolk & Western direct connections with the
manufacturing districts of Pennsylvania and Maryland and
points North.
Ohio &■ Mississippi.—At Cincinnati, Jan. 27, the Circuit
Court of Hamilton County handed down decisions in the
Ohio & Mississippi Railway litigation. In the action o f quo
warranto in the name of the State of Ohio by the prosecuting
attorney against the Ohio & Mississippi Railway Company,
wherein James H. Smith, Edwards Whittaker and Edward
H. R. Green were joined as defendants, the court de
cided that the acts of the Ohio & Mississippi Railway Com
pany. as a corporation, in excluding from the board as direc
tors Messrs. McKim, Walsh and Fahnstock, and in recogniz
ing Messrs. Whittaker, Green and Smith as directors, was
illegal and in violation of law. This decision is in favor of
the Baltimore & Ohio party.
Philadelphia & Reading.— The statement for December,
the first month of the fiscal year 1891-2, shows the following ;
R ailroad Company .
.---------------December---------------- .
1890.
1891.
$
Gross receip ts.............................................. 1,686,111
Gross ex pen ses................. ..........................
986,462
$
1,881,522
973,838
Net ea rn in g s.......................... ...............
Other net r e ce ip ts.
......... ...................
699,649
33,706
90 7,684
39,970
T o t a l . . . . . . . . . ......... .
Deduct—
Perm anent im provem ent.
Proportion year’s charges.
733,355
94 7,65 4
49,783
611,769
18,418
625,000
T o ta l.........................................................
Surplus...........................................................
661,552
71,803
643 41 8
304,236
Coal & I ron Co .
Gross receipts............................................... 1,606,377
1,784,423
1,511,127
“ The value o f the’ easements taken, w e have seen, was m erely nom Operating ex pen ses................................
1,623,943
inal, and the sole question w hich remains is, therefore, has the ow ner
Net earnings.................
suffered any dam age or injury whatever w hich has heen caused b y this
95,250
16 0,480
Deduct—
taking, fo r i f there has heen no dam age there can be no recovery. To
73,765
74,392
ascertain the fa ct whether there has been damage, an excursion into Colliery im provem en ts___
11,618
13,764
the realm s o f possibilities as to what might have happened, but Perm anent im prov em en t..
68,000
6 5 ,5 0 0
did not, is n ot perm itted. The inquiry whether the land w ould Proportion year’s charges
have been injured i f certain circum stances had n o t occu ried
T ota l....................
153,383
153,658
w h ich n o t on ly prevented such iiy u iy , but enhanced its value,
is w holly immaterial. The question is, what in fa ct has been Deficit o f Coal & Iron Co . . . .......
58,133
6,824
the actual result upon the land remaining? Has its actual m arket Surplus o f Railroad C o ..............................
71,803
304,236
value been decreased b y the taking, or has the taking prevented an
enhancem ent in value greater than has actually occurred, and if so,
Surplus o f both com pan ies.................
13,670
297,417
to w hat extent? The am ount o f such decrease in the value o f the re
m aining land, or the am ount o f the difference between its actual mar
Philadelphia & Seashore.—A dispatch from May’s Land
ket value and what it would have been w orth if the railroad had not ing, N. J., Jan. 28, said: “ It has been decided that the sale of
taken the other property, is the am ount o f the damage which the de
fendants should pay. If, on tl\e contrary, there has been neither de the Philadelphia & Seashore Railroad will take place on Feb.
crease in value caused b y the railroad nor any prevention o f an 23. The Tuckahoe & Cape May City Railroad will be sold at
increase from the same cause, how can it be truly said that the lot the same time. The road is nearly completed.”
ow ner has been injured to the extent o f a farthing? The absence o f
Poughkeepsie Bridge—Philadelphia & Reading.—Presi
injury m ay have been the result o f the general grow th o f the city by
reason o f w hich the particular p roperty has grow n in value with the dent McLeod, of the Philadelphia & Reading R. R. Co., con
rest o f the city. It is the fa ct not the cause, w h ich is material. Where firms the report of the acquisition by his company of the
it appears that the property left has actually advanced in value, unless
it can be shown that but fo r the act o f defendants in taking these ease Poughkeepsie Bridge system. The negotiation for the transfer
m ents it would have grow n still m ore in value, the fa ct is plain that it was made with the Delaware & New England Company,
has n ot been damaged.
which holds nearly all -of the stock of the Bridge Co. and all
“ It is said the lo t ow ner is him self entitled to the benefits accruing
to him from the general rise o f property caused b y a general grow th o f of the Central New England & Western R. R. stock. The de
the city in that vicinity, and that the causes o f such grow th are too in tails o f the negotiation have not been officially made public,
definite and uncertain and problem atical to perm it the railroad to take but are reported by the Philadelphia Inquirer to be as follow s:
advantage o f it upon the question o f damages. Of course the lot owner
“ The 179 miles owned by the Central New England &
is entitled to the benefits arising from these sources. I propose to take
no course w hich shall rob him o f them. None other ought to or in fa ct Western and the Poughkeepsie Bridge are to be organized into
can have them. It is not a question o f perm itting the lot ow ner to one company and a blanket mortgage for $6,250,000 placed
have these benefits. H ow is he despoiled o f them when, upon an in upon the entire property.
It will be a first lien upon the
quiry whether he has sustained dam age from the conduct o f the de
fendants, it clearly appears that he has not ? I f it appear that he railroad and bridge from Campbell Hall to Hartford. These
w ould have sustained dam age but fo r the fa ct that the general bonds will bear 4 per cent interest and will have the guaran-
THE CHRONICLE,
201
tee of the Reading Railroad besides enjoying the security af
forded by the traffic contracts with the Boston & Maine and
New England roads.” * * * “ There will also be two series
o f incom e bonds, A and B. The bridge bondholders are to
get 75 per cent in first mortgage bonds and 37 per cent in
series B incomes (12 per cent of this being for two years’ inter
est, including the 1891 and 1892 coupons). The holders of the
Central New England & Western first mortgage bonds get
par in new first mortgage bonds for their holdings. After four
years the bonds bear 5 per cent interest. These bonds are
held by a few persons.”
The $1,750,000 C.N.E.&W.gen. mort.representing the funded
floating debt,will be given an equal amount in series A incomes.
The Delaware & New England will receive for their holdings of
$4,250,000 of bridge stock and $1,600,000 of Cen. N. E. & W .
stock 25 per cent of their face in series B incomes. The Bridge
bondholders’ committee are said [to be dissatisfied with the
proposed arrangement, and may ask for a receiver and fore
closure. The mortgage specifies that the company must be in
default for one year before receivership proceedings are begun,
and the year will expire on February 1.
Railroads in New York State.—The following, for the
quarter ending December 31 are as reported to the N. Y . Rail
road Commissioners:
KINGS COUNTY ELEVATED.
r-Quar.end.Dec. 31.—, r~6 mo.end.Dec.31
1891"
1890.
1890.
1891.
$
$
$
$
418,533
378,544
Gross earnings....................... . . . 220,249 235,360
274,735 276,535
Operating expenses.............. . . . . 147,966 142,204
N et earnings..................... .......
Other incom e.........................
T ota l.................................. . . . .
Interest, rentals, taxes, &c. . . . .
72,283
76
72,359
47,061
93,156
143
103,809
238
141,998
276
93,299
50,276
104,047
95,440
142,274
100,626
41,648
8,607
43,023
Surplus.............................. . . . . 25,298
NEW YORK & NORTHERN.
^-Quar.end.Dec.31.—*/—6 mo.end. Dec. 31.
1891.
1890.
1890.
1891.
$
$
$
$
249,041 275,274
Gross earnings....................... . . . . 115,553 126,677
195,191 221,472
O perating expenses....... — . . . . 94,115 113,637
Net earn in gs................... . . .
Other in com e.........................
21,438
13,040
1,049
53,849
232
53,802
2,983
T ota l................................... ... .
Interest, rentals and taxes. . . . .
21,433
20,625
14,089
31,236
54,081
39,450
56,785
51,711
B alan ce.................................. Sur. 8 1 3 D f.l7 ,1 4 7 Sur. 14,631 Sur.5,074
LVol. LI 7
R e p o r t s
a n d
d o c u m e n t s .
NORFOLK & WESTERN
ABSTRACT
RAILROAD.
OF FIRST MORTGAGE MARYLAND
WASHINGTON DIVISION.
&
DATE AND PARTIES.
The indenture is made the 15th day of December, 1890, be
tween the Norfolk & Western Railroad Company, of the first
part, and the Mercantile Trust Company of New York, of the
second part.
THE SHENANDOAH VALLEY RAILW AY.
Under statutes of the States of Virginia and West Virginia
the Shenandoah Railway Company was created a corporation
and was named in a certain deed of conveyance to it from the
Fidelity Insurance, Trust & Safe Deposit Company, trustee,
and A. Moore, Jr., special commissioner, dated the 29th day
of November, 1890, and succeeded to and became the owner of
the said line of railroad of the Shenandoah Valley Railroad
Company, together with all branches, sidings and other ap
purtenances of the said line of railroad, and all real estate,
rights of way, rolling stock, and all property, real, personal and
mixed, and all corporate powers and franchises belonging or
appertaining to the said the Shenandoah Valley Railroad,
(which was sold under foreclosure on September 30, 1890). •
The Washington & Western Railroad Company was incor
porated under an act o f the General Assembly of Virginia
approved December 20, 1889, with authority and power to
construct, equip and operate a railroad commencing at a
point on or near the Potomac River, opposite to or in the
vicinity of Washington, District of Columbia, running thence
to a point in Virginia on the line of the Shenandoah Valley
Railroad Company, to be thereafter determined, with the right
to extend the same to the West Virginia State line. By articles
of consolidation and merger dated the 2d day of December,
1890, between the said Washington & Western Railroad Com
pany and the said Shenandoah Valley Railway Company, the
capital stock, property, rights and franchisee of the Washing
ton & Western Railroad Company were consolidated with and
merged into the Shenandoah Valley Railway Company.
The said Shenandoah Valley Railway Company, by deed
dated the 15th day of December, 1890, sold and conveyed to
the Norfolk & Western Railroad Company all its railroads,
property, franchises, &c., including the capital stock, prop
erty, rights and franchises of the Washington & Western
Railroad Company, consolidated and merged into it, and the
Norfolk & Western Railroad Company, in accordance with
resolutions duly adopted by its stockholders and board of
directors, purchased the railroad, property, franchises, &3.,
of the Shenandoah Valley Railway Company.
St. Louis Alton & Springfield.—The foreclosure sale of
this road is announced to take place at an early date. The
sale is to satisfy the var'ous judgments against the road and
end the proceedings which caused the appointment of a re
ceiver in October, 1890. It is said that the line will probably
be purchased by the Wabash. It was formerly part of the
Wabash St. Louis & Pacific, but has been operated as an in
dependent line since 1886.—R. R. Gazette.
PURCH ASE M ONEY M ORTG AG E.
Trust Companies o f New York and B rooklyn.—The semi
By the deed of conveyance of the Shenandoah Valley Rail
annual reports o f the companies below for the six months
ending Drc. 31, 1891, have teen made to the Banking Depart road Company it was agreed that the Norfolk & Western Rail
ment at Albany, and are given in addition to those published road Company should, contemporaneously with the execution
and delivery of the said deed of conveyance, create an issue
ip last week’s Chronicle, on pages 160 to 162, inclusive:
o f bonds to the amount of $10,000,000, bearing interest at the
BROOKLYN TRUST COM PANY (BROOKLYN.)
ratejaf five-per cent per annum from January 1st, 1891, and
Resources.
June 30,1891. Dec. 31,1891. maturing January 1,1941, to be known as its Maryland &
$119,000
$145,000 Washington Division—first mortgage five p er cent gold bonds,
B ends and m o rtg a g e s.......................................
S tock investm ents (market v a lu e)..................
2,230,950
2,468,065 and should execute, under the same date as the date of the
A m ou nt loaned on co lla te r a ls.......................
8,478,331
7,853,368 said deed o f conveyance, to secure said bonds, a deed of trust
A m ount loaned on personal securities.........
398,136
361,886
R eal estate (estimated v a lu e )..........................
150,000
150,000 or mortgage to The Mercantile Trust Company of New York,
Cash on hand and on d e p o s it ..........................
661,609
655,840 as trustee, which should be a first lien and charge prior to all
Other a s s e ts ....................................................
70,198
80,491 other liens and charges upon said premises, so that the said
T o t a l..........................
$12,108,225 $11,714,650 mortgage should be, and for all purposes have the same effect
and be entitled to the same equities as, a purchase money mort
Liabilities.
Capital stock paid in ......................................... $1,000,000
$1,000,000 gage to secure the price agreed to be paid for the property
1,321,405
....... ........... conveyed.
Surplus fu n d ............................................ ...........
U ndivided p rofits....................................................................... 1,403,188
The bonds are in the denomination of $500 or $1,000 each in
Deposits in t r u s t .......... ................
545,305
530,970
General deposits, payable on dem and..........
9,160,535
8,684,531 the form following :
D iv. Ju ly 1,1891, charged out June 3 0 ,189 1
40,000
......... .
[FORM OF THE BONDS.]
O fher liabilities...........................— , . . _____________ 40.980 _____ 95,961
U nited States op A merica .
T o ta l...............
$12,108,225 $11,714,650
Supplementary.
N o.—
States op V irginia and W est V irginia .
$— —
Interest and profits received last 6 m onths.
$300,756
$291,538
Norfolk & W estern R ailroad Compant .
Interest credited depositors same period ..
119,368
115,702
MARYLAND & WASHINGTON DIVISION.
E xpenses o f institution same p e r io d ..............
34,962
39,903
D ividends on capital stock same period . . . .
80,000
100,000
First Mortgage Five P er Cent Gold Bond.
D eposits on w hich interest is allow ed ............
9,645,206
9,168,430
“ The N orfolk & W estern R ailroad Company acknow ledges itself in
Bjftte o f interest on sam e...................... ...........
1 to 4
1 to 4
debted to The M ercantile Trust Company o f New York, or hearer, or, i f
NEW Y O R K G U A R A N TY & IN D E M N ITY COMPANY.
registered, to the registered holder hereof, in the principal sum o f $
,
w hich indebtedness it prom ises to pay in United States gold coin o f the
Resources.
June 30,1891. Dec. 31,1891. present standard of weight and fineness, on th e first day o f January,
S toek in vestm ents Imarket v a lu e )................. ...................
1,612,294 1941, at the office or agency o f the said N orfolk & W estern RailroadA m ou nt loaned on c o lla te r a ls ................. .
.................
1,661,000 Company in the city o f Philadelphia or New Y ork, and also to p a y
R eal estate (essimated valu e)..... .....................
100,000
100,000 m eanwhile, in like gold coin, at the office or agen cy o f the railroad
Cash on deposit.............
520
841,291 com pany in Philadelphia or New Y ork, interest on said prin cip al sum
Other assets..... ..................
200
15,958 half-yearly on the first days o f January and July in each year, a f the
T ota l......... ................................ . . . . . . . ..........
$100,720
$3,730,542 rate o f five per centum per annum, on the presentation and surrender
o f the coupons annexed as they severally becom e due.
“ This bond is one o f a series o f bonds numnered consecutively from
■Capital stock paid in ...........................................
$100,000
$2,000,000
Surplus fu n d ....... , ............................................... _
720
500,000 one upwards, not to ex ceed in the aggregate $10,000, “ 00, the paym ent
U ndivided p r o fits ......... .............................. : . . . ' ....................
32,786 o f all o f w hich is secured b y a deed o f trust or m ortgage bearing even
General deposits payable on d em a n d .. , ........................
1,196,225 date herewith, m ade by the N orfolk & W estern R iilroad Company to
M ercantile Trust Company o f New Y ork, to* which reference Is
O ther liabilities...........................................»...... ................... ■_______1,531 The
hereby made fo r a description o f the roads, property and franchises
T o ta l................... ........................................$100,720
$3,730,542 m ortgaged, and the nature and extent o f tne security and the rights o f
Supplementary.
the holders o f said bonds under the same, and for the p rovisions there
Amt,, int, and profits received last 6 m onths........................
$7,420 of. and term s and conditions upon w hich the said bonds are Issued and.
A m t. int. credited depositors same p e r io d ............ ............
549 secured.
■
E xpen ses o f the institution same p e r io d ............................
9,760
“ The principal and interest o f this bon d are payable w ithout d ed u c
A m t. deposits on w hich interest is allow ed. .......... ........
1,196,225 tion fo r any United States or State ta x whatsoever which the said rail
B ate o f interest on s a m e ....................... . . . . . — .._____________ .
3
road com pany is or m ay he required b y law to retain therefrom , the said,
railroad com pany hereby agreeing to pay the same.
p F Jb’ u r o t h e r R a ilr o a d an d In v e stm e n t N ew s see P a g e 2 0 7 *
J a n u a r y 30, 18S2.J
THE CHRONICLE.
‘ This bon d shall pass b y delivery o r b y transfer on the books o f the
said N orfolk & W estern R ailroad Company, but after a registration o f
ownership, certified hereon b y the Secretary or Transfer A gent o f the
said railroad com pany, n o transfer, ex cep t on its books, shalL he valid
unless the last preceding transfer shall have been to bearer and
transferability b y delivery has been thereby re stored ; but this bond
shall continue susceptible o f successive registrations to bea rer at the
op tion o f the holder, and registry shall not restrain the negotiability o f
the coupons b y delivery m erely.
“ This bond shall n ot becom e valid until the certificate indorsed here
on shall have been signed b y or on beh alf o f the trustee under said
m ortgage or deed o f trust.
“ I n Witness W hereof The N orfolk & W estern R ailroad Company has
caused its oorporat e seal to be affixed, and this bond to be signed b y its
President and Secretary, the
day o f
in the
year 189 .
“ Norfolk & W estern R ailroad Company ,
“ By
“ Secretary."
W ith coupons thereto attached for interest thereon to be
come payable semi-annually from January 1st, 1891, up to and
including January 1st, 1941, in general form and substance as
follows, except as to the date of payment:
Clark, purchasing committee under a plan and agreement for
the reorganization of the Shenandoah Valley Railroad, dated
August 5, 1890, the party of the first part hereby authorizing
and directing such delivery for the purpose of carrying out
the terms and conditions o f said plan and agreement of reor
ganization.
2. Bonds to the amount of $2,500,000, or the proceeds thereof
shall be reserved in the hands of the party of the second part;
$2,000,000 thereof to provide, by construction, purchase or
otherwise, for an extension from any point on the line of the
railroad hereby mortgaged to a point at or near the Potomac
River, opposite Washington, D. C.; and $500,000 thereof to
provide, by construction, purchase or otherwise, for a line o f
railroad into Washington from a point at or near the Potomac
River, opposite Washington, D. C., and for terminals in the
District of Columbia.
All extensions, terminals, branches, improvements and addi
tions acquired or made by means of bonds issued hereunder,
or their proceeds, shall immediately become subject to the
lien of this mortgage.
[FORM. OF COUPON.]
"9
The N orfolk and W estern R ailroad Company w ill pay to the bearer,
on the first day o f
at its office or agen cy in the city of
Philadelphia or New Y ork,
dollars in gold coin,
being six m onths’ interest on its M aryland & W ashington D ivision first
m ortgage gold bond No.
“ Treasurer."
And with a certificate thereon of the trustee in general form
and substance as follows :
[TRU STEE’ S C E R TIFICATE.]
“ This bond is one o f those issued under and secured b y the m ortgage
or deed o f trust within mentioned, and m ade b y the N orfolk & Western
R ailroad Company to The M ercantile Trust Company o f N ew York,
trustee.
“ The M ercantile Trust Company , Trustee .
“ By
President."
AMOUNT OF BONDS N EVER TO E X C E E D $10,000,000.
The aggregate amount of all the bonds secured by this mort
gage shall at no time exceed $10,000,000, but may at all times
be equal to that sum ; and after the payment and cancellation
of any bonds an equal amount of bonds may, at the option
of the party o f the first part, be made and issued in lieu of
those paid and canceled, it being intended that the whole
amount of bonds to be secured bv this deed of trust or mort
gage shall not exceed at any time $10,000,000, but may at all
times be kept up to that amount, and that this mortgage shall
be a continuing security for such bonds.
P R O PE R T Y COVERED B Y TH E M ORTG AG E.
“ All and singular, the railroad lately of the said Shenan
doah Valley Railway Company (and previously of the Shen
andoah Valley Railroad Company), beginning at a point at
or near Hagerstown in Washington County, in the State of
Maryland, and extending thence through Washington County,
in the State of Maryland, to a point on the Potomac River at
or near Shepherdstown, in the State of West Virginia, thence
through Jefferson County, in the State of West Virginia, and
through the counties of Clarke, Warren, Page, Rockingham
and Augusta, in the State of Virginia, to a point of intersec
tion with the Chesapeake” & Ohio Railroad at or near
Waynesboro, and crossing said railroad and extending thence
through the counties of Augusta, Rockbridge, Botetourt and
Roanoke, in said State, to a point of intersection with the Nor
folk & Western Railroad at or near Roanoke, with certain
branches therefrom, making together about two hundred and
fifty-five and ohe-half miles of single track railroad, together
With all branches, sidings and other appurtenances of the said
line of railroad, with the tolls, incomes, rents, issues and
profits thereof, and all real estate, rights of way, easements,
fixtures, rolling stock, machinery, tools and equipments, and
all other personal property thereto belonging“, and all property,
Teal, personal and mixed, and all corporate powers and fran
chises heretofore belonging or appertaining to the said rail
road lately of the Shenandoah Valley Railway Company, and
previously of the Shenandoah Valley Railroad Company.
And also all and singular, all the line of railroad formerly
of the Washington & Western Railroad Company, beginning
at a point on or near the Potomac River, opposite to or in the
Vicinity of Washington, in the District of Columbia, running
thence to a point in Virginia, on the Maryland & Wash
ington Division of the Norfolk & W etem Railroad Com
pany, formerly on the line of the Shenandoah Valley Rail
road, with the right to extend the same to the West Virginia
State line, and all property, real, personal and mixed, and all
chartered rights and franchises heretofore belonging or apper
taining to the said Washington & Western Railroad ComPany
* , V And any extension from any point on the
line of the radroad hereby mortgaged formerly of the Shen
andoah Valley Railroad Company to a point at or near the
Potomac River, opposite Washington, D. C., and any exten
sion into Washington from a point opposite Washington, D.
C., and all terminals in the District of Columbia, and any
other extensions of the said line of railroads hereby mortgaged,
and any short branches thereof and improvements thereon
that may hereafter be acquired by the party of the first part
hy construction, purchase, or Otherwise, with the proceeds of
any of said bonds secured by this mortgage by construction,
-purchase Or otherwise.”
^
’
HOW BONDS A R E To EE fBECED.
I. Bonds to the amount of $7,500,000 shall forthwith bo d€
livered to Louis Fitzgerald, George C. W ood and Frank P
205
PROCEEDINGS IN CASE OF DEFAULT.
In case of default in the payment of interest on any o f the
bonds, when such interest shall become due, and such default
shall continue for the period of six months, or in case of any
default in the observance or performance of any other matter
or thing to be done or performed by the party of the first part,
according to the requirements of the bonds and of this mort
gages, and such default shall continue for the period of six
months after notice in writing to the party of the first part to
observe or perform the duty or obligation required, or in case
of default in payment of the principal of the bonds, or any of
them, when they mature or otherwise become payable, then
the party of the second part (the trustee) or its successors in
the trust, is authorized, either personally or by its attorneys
or agents, to enter into and upon the premises hereby conveyed,
or any part thereof, and to hold and occupy the same ; and in
its discretion may apply to any court of competent jurisdiction
for the appointment of a receiver of the mortgaged property;
and it is hereby expressly covenanted and agreed that such
court shall forthwith appoint a receiver, with the usual powers
and duties of a receiver in like cases, and that if such receiver
be nominated by the holders of a majority of the bonds which
these presents are executed to secure, then such appointment
shall be made by the court as a matter of strict right to
the party of the second part and to the bondholders repre
sented by it.
TRUSTEE M A Y SELL.
The party of the second part, or its successors, with or with
out actual entry, and acting either directly or by attorneys or
agents, may sell and dispose of the premises and property
hereby conveyed, as an entirety, at public auction, in
such place within the State o f Virginia as the said
party of the second part may designate, and at such
time as it may appoint, having first given notice o f
the time and place of such sale by advertisement published
not less than three times a week for six weeks in a newspaper
or newspapers in the cities of New York, Philadelphia and
Roanoke, and to adjourn such sale from time to time at dis
cretion, and to make sale thereof in any other manner au
thorized by law, and to make and deliver to the purchasers
good and sufficient deeds of all the right and title of the
party of the first part to the premises so sold, and apply the
proceeds to the payment of the principal of such of the bonds
as may be at the time unpaid (whether or not the same shall
have previously become due), and o f the interest which shall
at that time have accrued and be unpaid, without discrimina
tion or preference, but ratably to the aggregate amount of
such unpaid principal and unpaid interest.
P R IN C IP A L
MAY
BE
D E CLARED
DUE.
In case of any default, as aforesaid, and its continuance for
six months after notice in writing, then the principal of all
the bonds shall, at the election of the trustee become im
mediately due and payable, and if requested so to do by the
holders of one-third in interest of the bonds then outstand
ing, by an instrument in writing signed by them, or by their
attorneys in fact duly authorized for that purpose, it shall be
the duty o f the party of the second part to elect to declare
the principal sum due as aforesaid.
A
M A JO R IT Y
OF BONDHOLDERS
M AY
CONTROL.
But if a majority in interest of the holders of such bonds
instruct the party of the second part to refrain from making
such declaration, upon such terms and conditions as such
holders shall designate, in such case it shall be the duty o f
the party of the second part to comply with such instructions,
notwithstanding any request on the part of other bondholders,
and such holders of a majority in interest of said bonds out
standing may annul “or reverse the declaration, if already
made by the party of the second part; but the action of the
party of the second part or of the bondholders, in case o f any
one default, shall not affect or impair the rights of the party
of the second part or of such holders in respect to any sub
sequent default.
DUTY
OF
TRUSTEE TO
FORECLOSE.
It shall be the duty of the party of the second part to pro
ceed forthwith to exercise the powers of entry or the power»
of sale hereby granted, or both, or to take appropriate legal
proceedings to enforce the rights of the bondholders under
these presents.
First—^If the default .consists in the non-payment of interest
or principal of any of the bonds, by a requisition in writing
20K
THE CHRONICLE.
f vo>. L1V.
in writing to the party of the first part, and to any other existing
trustee or trustees, sixty days before such resignation shall
take effect, or by such shorter notice as said party of the first
part and such other trustee or trustees may accept as adequate.
Any vacancy in the office of trustee, occurring in any manner
or at any time, may be filled by appointment of the party of
the first part, provided that such appointment shall be ratified
and approved by any judge, for the time being, of the Circuit
Court of the United States for the Southern District of New
York, and notice to the bondholders shall be published in
two newspapers of general circulation in the city of New York,
for thirty days, specifying the time and place of the appli
cation for such approval and ratification. In case it shall
prove impracticable to fill any vacancy which may have oc
curred in said trust in manner as aforesaid, application on
behalf of all the holders of the bonds may be made by the sur
viving or continuing trustee, or, if the trust be wholly vacant,
by holders of the said bonds to the aggregate amount of
$100,000, to any court of competent jurisdiction, for the ap
pointment of a new trustee or trustees ; and upon such ap
plication a majority in [interest of the bondholders shall be
entitled to nominate the corporation, person or persons to be
so appointed by such court, and their nominee shall be ap
pointed without giving other security than its or his accept
W HEN TRU STEE M A Y R E LE A SE PROPERTY.
If at any time any portion not part of the railroad tracks of ance of the trust.
BONDS M U TILA TED OR DESTROYED.
the premises mortgaged cannot be advantageously used for
In case any bonds issued hereunder become mutilated or
any cause, the same may be exchanged for other lands, tene
ments or hereditaments of equal value, or be sold, or other destroyed, it shall be lawful for the party of the first part to
wise disposed of, and the party of the second part shall, if so issue new bonds of like tenor or date, and bearing the same
requested, convey the same by release or otherwise; provided serial numbers, for delivery in exchange for or in lieu of bonds
that any lands, tenements or hereditaments acquired by ex so mutilated or destroyed ; but the party of the first part may
change shall be conveyed to the party of the second part for require such proof of loss and such indemnity as it shall deem
the further security of the bonds, free from any incumbrance proper.
In witness whereof the said parties hereto have caused
or lien prior to these presents, and that the proceeds of any
lands, tenements or hereditaments so sold, or disposed of, or a these presents to be signed in their respective corporate names
sum equal thereto, shall be transferred to and held by the by their respective duly authorized officers, and sealed with
party of the second part for the further security of the bonds. their respective corporate seals, attested by the signatures of
1 he party of the first part may from time to time dispose of their respective secretaries, the'day and year first above writ
N orfolk & W estern R ailroad Company ,
such portion of the equipment, rolling stock, machinery and ten.
By
implements of the railroad mortgaged as may have be
F. J. KIMBALL,
come unfit for use, replacing the same by new of the value of
A ttest:
President.
that sold, which shall thereupon become under and subject to
SEAL
this mortgage. The party of the second part may, in like (
A.
J.
H
emphill ,
Norfolk &
manner, consent to any changes in the location of the track or •j
Secretary.
alterations or changes of station-houses, depots, shops or other ( Western RR. Co.
The Mercantile Trust Company ,
fixtures, but any tracks, premises or property acquired in sub
By
stitution for any released, altered or changed shall be con
LOUIS FITZGERALD,
veyed on demand to the party of the second part and shall be
A ttest:
President.
come subject to this mortgage.
Í
SEAL
H
.’
C.
D
eming,
TRU STEE SHALL PURCHASE A T FORECLOSURE IF REQUESTED
•< Mercantile
Secretary.
B Y TH REE-FOU RTH S.
( Trust Company.
In case of foreclosure sale or other sale of the premises under
a decree of court, if the holders of three-fourths of the out
standing bonds secured by this mortgage shall, in writing, re
CLEVELAND & P IT T S BURG RR. CO.
quest the party of the second part to purchase the premises
A P PLIC A TIO N TO NEW Y O R K STOCK E XCH AN G E.
for the use and benefit of the holders of all the outstanding
bonds secured by this mortgage, the party of the second part
Clevela nd, Ohio, January 8, 1892.
is fully authorized, in its discretion, to make such purchase,
The Cleveland & Pittsburg Railroad Company hereby makes
and hold the property in trust to dispose of the same in such
manner as the holders of three-fourths of the outstanding formal application for the listing on your Exchange of $3,000,000 Four and One-Half Per Cent Bonds, Series “ A ,” Nos. 1 to
bonds shall, in writing, request or direct.
3,000 inclusive, of the $10,000,000 issue provided for under a
COM PANY SH ALL NOT TAKE ADV A N TA GE OF ST A Y LAWS.
The party of the first part covenants that it will well and general mortgage of this company’s property, equipments and
truly pay the said bonds and interest thereon, according to the franchises, as per indenture of mortgage made December 1,
true tenor thereof, and that it will not in any manner avail 1891, between this company as first party and the Farmers’
itself of any stay of proceedings or take advantage of any Loan & Trust Company of New York as second party, a duly
extension law, stay law, valuation law, redemption law or any attested copy of which is herewith submitted.
The proper corporate title of the company is the Cleveland &
other law of the States in which such property is located,
which may impair or impede the rights or remedies of the Pittsburg Railroad Company. Organized by act of the Legis
lature of the State of Ohio, March 14, 1836, as revived March
holders of the bonds.
11, 1845, and extended into the State of Pennsylvania under
COUPONS P A ID SH A LL ALW AYS BE CANCELED.
authority of an act of the Legislature of that State April 18,
The party of the first part further covenants and agrees that 1853, as revived April 11, 1862.
when the interest coupons annexed to the bonds secured hereby
The route of this company’s road is as follows: From Cleve
are paid by the party of the first part, or by any person or cor land, Ohio, to Rochester, Pa., with branches extending from
poration for or on its behalf, they shall be canceled; and that Wellsville, Ohio, to Bellaire, Ohio, and from Bayard, Ohio, to
no purchase or sale of any of the said coupons or interest New Philadelphia, Ohio. All trains are run between Rochester,
separate from the bonds from which such coupons have been Pa., and Pittsburg, Pa., a distance of twenty-six miles, over
detached, or on which such interest shall accrue, and no ad the tracks of the Pittsburg Fort Wayne & Chicago Rail
vance or loan upon the same, and no redemption of any way under a trackage arrangement. The company owns
coupons or interest by or on behalf of the party of the first yards, yard tracks, a freight house and an office building in
part, shall, as between the purchasers or assignees of such the city of Pittsburg, Pa.
coupons or interest and the holders of the said bonds, operate
The road is fully completed and in operation. No exten
as keeping the said coupons or interest alive or in force as a sion is contemplated at present. Mileage of single track,
lien upon the mortgaged premises.
198*34; mileage of second track, 8 88; mileage of yard tracks
PR O PE R T Y TO BE K E PT INSURED.
and sidings, 122 *66; mileage operated under trackage arrange
The party of the first party further^ covenants and agrees ment, 25*64; total mileage, 355*52. Gauge of track, four feet
that it will maintain the railroad, terminal facilities, premises nine inches. Rails in all main and second tracks, steel. Rails in
and property hereby mortgaged with all necessary equipment yard tracks are partly steel and partly iron—no record of the
and rolling stock, in good order and condition, and keep all amount of each respectively.
•structures and insurable property hereby mortgaged well and
The equipment of the road is as follows :—Locomotives:
«sufficiently insured, and that in case of loss or injury by fire Passenger (exclusively), 9; freight (exclusively), 39; passenger
the proceeds of insurance Shall be set apart from all other and freight. 18; switching, 31; total locomotives, 97. Passenger
funds and used only in repair or in renewal of the property cars: First class, 29; second class, 16; combination 1; parlor, 2;
injured or destroyed, or for construction, improvements or baggage, express and postal, 24; total, 72. Freight cars: Box,
equipment of any part of the railroad or property included or 500; flat, 20; stock, 100; gondolas, 2,790; total, 3,420. In com
to be included in this deed of trust or mortgage.
pany’s service: Derricks, 2; caboose, 51; other road cars, 2;
TRU STEE M AY RESIGN AND SUCCESSOR BE APPO IN TE D .
total, 55—grand total cars, 3,547.
The following is a statement of the assets and liabilities of
_v The party of the second, part, trustee, may resign and dis
charge itself of the trusts created by these presents, by notice the company as of January 1, 1892 :
sigried by the holders of not less than one-third in amountof the
said bonds then outstanding, with a proper indemnification to
the satisfaction of the party of the second part against the costs
and expenses and all other liabilities to be incurred in that be
half, it being understood and hereby expressly declared that
the rights of entry and sale hereinbefore granted are intended
as cumulative remedies,additional to all other remedies allowed
by law. No action, suit or proceeding at law or in equity
shall be maintained for the foreclosure of this mortgage, or
the enforcement of the lien hereby created, by any person or
party other than the party of the second part, except upon the
failure, neglect, or refusal of the party of the second part to
act within a reasonable time af cer it shall have been requested
so to do as hereinabove provided.
,
Second—If the defah.lt be the omission to comply with any
o f the provisions of these presents other than the payment of
the interest or principal of the bonds, then the requisition
shall be with similar indemnification and by the holders of
one-half in interest of the bonds then outstanding, and such
holders shall have power (with similar indemnification) to in
struct the party of the second part by requisition in writing
either to waive such default or enforce the rights of tne bond
holders by reason thereof.
THE CHRONICLE.
J anuary 3°, 1892.J
Assets.
C ost o f road and equip
m ent.................................
Casli item s and accounts
rece iv a b le ................. .
Total assets-................
$18,150,627 74
888,297 14
$19,038,924 88
Liabilities.
C A P IT A L .
C apital stock, 224,737
sh a re s............................. $11,236,850 00
S crip sto ck ......................
10,464 36
$11,247,314 36
T otat capital account.
BO N D S O UTSTAN D IN G .
Past due issues, 2d and
3d m ortgage, cash with
tru stee.............................
C onsolidated m ortgage o f
1 9 0 0 ............ ...................
C onstruction and equip
m ent...................... î ........
General m ortgage, Series
‘ ‘ A ’ ' ..................................
$5,500 00
1,698,000 00
897,000 00
3,000,000 00
Total b o n d s ...............
M iscellaneous liabilities.
$5,600,500 00
1,9 17,44116
Total liabilities..........
$18,765,255 52
B a la n c e .............................
$273,669 32
The following is a statement of the income and expenditure
in operating the property for the year 1891:
Gross earnings.....................................
Operating expenses.............................
Interest on bo d s ..............................
Other charges to incom e (trackage}.
Total expenditure...................... .
$2,281,387 00
324,970 00
45,325 00
$3,434,252 00
$2,651,682 00
N et p rofit........................................................
$782,570 00
The road is leased to the Pennsylvania Railroad Company
for a period of nine hundred and ninety-nine years from
December 1, 1871, at an annual rental of $786,795 per annum,
payable in quarterly instalments upon the first days of March,
June, September and December, respectively, and in addition
thereto such further sums are to be paid by the lessee in each
and every year as shall be sufficient to provide for and pay
all instalments of interest and all instalments of sinking
fund, and the principal of all bonds which may become
payable during such year by this company.
The $3,000,000 General Mortgage Bonds for which the pres
ent application is made bear the endorsement of guarantee of
the Pennsylvania Railroad Company in the following terms,
viz. :
‘‘ For a valuable consideration the Pennsylvania Railroad
Company hereby guarantees to the lawful holder the due and
punctual payment by the Cleveland & Pittsburg Railroad Com
pany of the interest upon the within bond, in gold coin of the
United States of America, upon the surrender of the proper
coupon, as the same shall from time to time become due, and
of the instalments for the sinking fund, as in the bond pro
vided, and also the payment of the principal of the within
bond, in like gold coin, at the maturity thereof.
“ In witness whereof the said Pennsylvania Railroad Company
has hereunto affixed its corporate seal and caused the same to
be attested by its Vice-President and Secretary the first dav of
January, A. D. 1891.
“ Attest, ............. Secretary...................... Vice-President.”
The disposition made of the present issue of $3,000,000 is as
follows, viz.:
207
the railroad company 6,364 of these bonds, or so many thereof
as may be necessary, as will be more fully seen by reference
to the mortgage, page 14, Section 9.
2d. To provide means to further construct and equip the
railroad of the company, that the same mav be in condition to
transact efficiently and economically all business that may be
offered to it. For this purpose any remainder of these bonds,
after fully providing for the bonded indebtedness above set
forth, may be utilized. See 7th preamble of the mortgage,
page 2.
The bonds will be issued with coupons attached, and made
payable to bearer, but the same may be registered on the books
of the company at the office of the Registrar in New York
City. After registration o f ownership certified on the bond,
no transfer thereof, except on the books of the company, will
be valid unless the last registration shall have been to bearer
and transferability by delivery thereby restored; and the bonds
continue subject to successive registrations and transfers to
bearer at the option of the holder.
The said bonds contain a clause providing for a sinking fund
of not less than 1 per cent of the total amount of outstanding
bonds, to be paid in each and every year to redeem said bonds
whenever the same can be had at their par value or less, as
will more fully appear by reference to section 7, page 12, of
the mortgage.
The amount o f the present issue, Series “ A ,” is $3,000,000;
date of issue, January 1, 1892; maturity of bonds, January 1,
1942; par value of each bond, $1,000. The bonds are numbered
consecutively from 1 to 3,000 inclusive. The rate of interest
thereon is
per cent per annum, payable January and July,
at the agency of the company in the city of New York.
The Trustee of the mortgage is the Farmers’ Loan & Trust
Company, New York. The Registrar of the bonds is Messrs.
Winlow, Lanier & Co., New York.
Very respectfully submitted,
R. F. S m i t h , President.
The Committee recommended that the above described $3,000,000 General Mortgage Four and One-Half per Cent,
“ Series A ,” Guaranteed Gold Bonds, Nos. 1 to 3,000 inclusive,
be admitted to the list.
Adopted Jan. 27, 1892.
Western Maryland.—An ordinance was introduced in the
Baltimore City Council Jan. 21st providing for the sale by the
Finance Commissioners of the city’s interest in the Western
Maryland Railroad to John H. Bryant, of New York, and his
associates for $1,895,000. A communication was also receiv
ed from Bryant’s counsel, renewing the offer of $1,875,000 for
the city’s interest.
On Jan. 27 the Western Maryland directors at a special
meeting adopted resolutions declaring that the offer of Gener
al Bryant and other New York people to the city for control
ling interest in the road was inadequate and disproportionate
to the value of the property, and recommending that if the
city desires to sell its interest it should only do so in the open
market.
Western Traffic Association.—Mr. Roswell Miller addressed
a letter to Mr. Jay Gould, setting forth the difficulties in re
gard to calling a special meeting of the Advisory Board to
consider charges against several companies. Mr. Gould ac
cepted this, saying in his letter: “ I recognize, however, the
force of the objections to a special meeting, as stated by you,
and acquiesce in them, particularly in consideration of your
1st. For retiring the existing indebtedness under the fourth
m ortgage o f the com pany....................................... ........ $1,100,000 statement that, if there shall be no quorum at the next regu
2d. E xch an ged fo r construction and equipm ent Seven Per
lar meeting of the Advisory Board, you will consider it your
Cent Bonds o f the com pany, bond fo r bond .
1 , 010,000 duty to call a special meeting for the consideration of the
3d. For the paym ent o f the unsettled claims o f the Penn
cases recently postponed.”
sylvania R ailroad Company, lessee, fo r im prove
m ents and additions to the prop erty, as per accounts
rendered fo r the years 1887 to 1891, both inclusive
4th. Charged to the Pennsylvania Railroad Company in
open account fo r future settlement o f claims due, or
to becom e due, to that com pany as lessee under the
provisions o f the lease...................................................
588.000
302.000
T o t a l .......................................... ............t............... $3,000,000
giThe Capital Stock of the company consists of 224,737 shares,
o f the par value of $50 each, all common stock.
The Directors of the company, and their places of residence,
are as follows: Charles Lanier, W. C Egleston, J. S. Kennedy,
New York; George B. Roberts, Philadelphia; H. Darlington,
Pittsburg; J. T. Brooks, Salem; J. V. Painter, E. R. Perkins,
R. F. Smith, M. A. Hanna, H. C. Ranney, Cleveland; E. A.
Ferguson, Cincinnati.
The officers of the Company, and their places of residence,
are as follows: R. F. Smith, President, Geo. A. Ingersoll,
Secretary and Treasurer, Cleveland.
The offipe of the Company is at Cleveland, Ohio. The office
of the Company for the transfer of its Capital Stock is with
Messrs. Winslow, Lanier & Company, New York. The Regtrar of the Capital Stock of the Company is the Farmers’ Loan
& Trust Company, New York.
Further information relative to the aforesaid General Mort
gage and the present issue of $3,000,000 thereof, Series “ A ,”
is presented as follows :
The issue of $10,000,000 bonds provided for under the said
mortgage consists of 10,000 bonds of the par value of $1,000
each, and is for the following purposes :
1st. To retire all existing indebtedness under former bond
issues ($1,698,000 only of which are prior in lien to the
bonds of this issue) and unsettled claims due the lessee for
improvements and additions to the property and otherwise.
For this sole purpose there are reserved and held in trust by
—The Atlanta & Chattahoochee Electric Railway, which is
about to go into operation, has 15 miles of track all laid with
56-pound steel rails. The electrical equipment will consist o f
twro 150-horse-power Short dynamos from the Short Electric
Railway Works of Cleveland, O. The car equipment will con
sist of twenty-horse-power Short gearless motors placed on ten
cars. The Short gearless motor is a great advance in electri
cal machinery. First there was the double reduction motor,
with two sets o f gears, then the single reduction with one set.
Now comes Professor Short’s gearless motor, which has not a
cog-wheel about it. This, it is said, does away with 500
pounds of dead weight and saves the friction of cog-wheels,
which by actual test made a difference of 24 per cent in the
power required. That is, the gearless motor does a given
amount o f work with 24 per cent less power than the single
reduction type, which carries one set of gearing.
—Mr. William A. Lombard, banker, of this city, has just
issued a neat quotation sheet of city bank stocks, giving full
particulars concerning book value, dividends, net income to
investors, etc. Mr. Lombard is also well posted on bank stocks
outside of this city, and investors desiring information will
receive careful attention by calling upon or writing him at
150 Broadway.
—Mr. Henry S. Redmond, member of the N. Y. Stock E x
change, offers the first mortgage 5 per cent gold b mds of the.
Chesapeake & Ohio R -ilwav Company (Craig Valley Division}.
This issue embraces $650,000, aod is listed on the N ev York
Stock Exchange. The bonds are a prior lien to the new 4}^
per cent bonds about to be issued, of which an equal amount
will be reserved to retire this issue at maturity. Farther
particulars will be given on application. .
THE CHRONICLE.
203
3£he
I
m
m
o
t
COMMERCIAL
i
C O
fir n e s .
T he Movem ent
EPITOME.
F r id a y N ig h t , Jan. 29,1892.
Early in the week there was much excitement over the re
ports that war with Chili was probable. The flurry caused
some improvement in values of f@od staples. The weather
until within a day or two has been unusually severe, causing
the appearance of ice in our harbor, but not enough as yet to
offer any serious obstruction to navigation. The movement
of the cotton crop has continued to show a marked reduction,
not only from last season but from two years ago; yet prices
show a marked decline, under manipulation in favor of the
“ short” interest, assisted by the large stocks at this and other
American ports. On Wednesday there was a decided revival
of the export demand for wheat and corn. Receipts of wheat
at the West show a material reduction from recent figures,
but are still larger than last year. The coal trade has been stim
ulated by the low temperature and prices have been advanced.
General trade opens for the coming season rather slowly, but
a good year’s business is confidently expected, subject of
course to the drawbacks arising from an active political can
vass.
Lard on the spot has further advanced and closes steady at
a slight reduction from the best prices, closing at 6-40@6-45c.
for prime city, 6‘i-Oc. for prime Western and 7@7'20c. for re
fined for the Continent. The speculation in lard for future
delivery has been active and prices have made some further
improvement, but were feverishly variable under the influ
ence of larger or smaller receipts of swine at primary points,
the Chilian affair and the ups and downs of the corn market.
The slight reduction to-day was due to selling to realize.
D A I L Y C LO SIN G P R IC E S O P T.ARO F U T U R E S.
Sat.
February delivery.. . . . e. 6-73
M arch delivery........ ___ O. 6-81
M ay delivery............ ___ 0. 6-96
Mon.
684
6 94
7-08
Tues.
6-76
6 8t
6-99
Wed.
6 •'72
6-88
6 91
Thn*.
6-80
6-87
7-03
Fri.
6-78
6-85
7 02
Pork has met with a moderate demand and the close is
steady at $9 75@$10 50 for mess, $9 25^ $9 50 for extra prime
and $12 50@$14 50 for clear. Beef has been d u ll; extra mess
$7(3$7 50, packet $8 50@$9 50, family $10@$12 per bbl; extra
India mess $16 50<®$19 per tierce. Beef hams are firmer and
close at $13 50@$14 per bbl. Cut meats have further improved,
and there were liberal sales to-day, including pickled bellies,
10gl2 lbs. average at 6J£(a6%c., pickled hams at 9c., and
shoulders at 5c. Tallow is firm at 4 ^ c., with a fairly active
business at the close. Stearine is easier at 73^@7%c. in hhds.
and tcs. Oleomargarine is firmer and quoted to-day at 4% ®
5c. Butter is steady at 24®32%c. for creamery. Cheese is
firm at 10%@12c. for State factory, full cream.
Coffee on the spot has been active and prices have made a
decided improvement. Rio No. 7 is quoted at 13%® 14c. To
day’s sales included Rio No. 7 to arrive at 13%® 13%c. and
Santos No. 7 to arrive at 14% @ 14% c . and No. 6 at 15%c.
Mild grades have been in fair request at a further advance in
prices; good Cucuta i3 quoted at 2lc. The sales to-day in
cluded interior Padang at 24%c. The speculation in contracts
has been more active, and prices have advanced on buying
by “ shorts” to cover contracts, stimulated by the report of an
epidemic in Santos, which will cause, it is said, a considerable
delay in shipments.
The close was steady, with sellers as
follows:
F ebruary......... 13-OOc
M a r c ii............12*75o
A p ril.................12-45c.
I M a y ............
12'30o. A u g ............... 1 1 -95c
June................. 12-20o.
Sept...................11-90c
I J u l y . .............. 12 00c. . O ct.................. 11-75C
— an advance of 20@55 points for the week.
Raw sugars have been quiet and prices are a trifle easiei
closing at 3c. for fair refining Muscovado and 3 7-10c. fc
standard centrifugals, 96-deg. test. Refined sugars have bee
moderately active, but at easier prices; quoted at 5@ 5% j. fc
crushed and 4@4%c. for granulated. No further sales hav
been made of boiling-grade molasses, which is quoted nom
nally at 13c. for 50-deg. test. A t the tea sale on Wednesda
the offerings were much smaller, but prices were again d<
pressed.
Kentucky tobacco has met with a better demand, mainl
for export, and sales for the week are 350 hhds., at full prices
on the basis of the advance quoted last week. The movemer
in seed leaf also has been on a more liberal scale, the sak
aggregating 1,500 cases, as follows: 400 cases 1887-8 crop«
Pennsylvania Havana, 12%c.; 300 cases 1890 crop, State Hi
vana, 13® 30c.; 500 cases 1890 crop, Wisconsin Havana, 12%(j
14%c.; 150 cases 1890 crop, Pennsylvania Havana, 13® 35c
and 150 cases sundries, 6%<®35c.; also 600 bales Havana, ~70c (
$1 15, and 200 bales Sumatra, $2 25@$3 15.
Refined petroleum is quoted at 6-45c. in bbls., 7-70c. in cast
and 3‘95c. in bulk ; naphtha, 5-50c.; crude in bbls., 5-80c. an
in bulk, 3*30c. Crude certificates close dull at 62c. Spii
its turpentine is higher at 35c.@35%c., owing to reduce
stocks. Rosins are quiet at $1 37%<®$1 40 for strained. Wo<
meets with a better demand, as there is no immediate pros
pect of the removal of import duties. Hops have advance
and are still wanted for export.
Straits tin, though dull, is more firmly held, and quoted a
19’800. Ingot copper has declined to 10%c. for Lake, but a
the.demand the market has been more active, though particu
lays o f transactions are withheld. Domestic lead advanced o
sKonger foreign advices, selling at 4-22%c.-, but receded an
c|ofed at
Rig iron is quiet and lower at $15 for N<
2 Southern and $16@$16 50 for No. 2 Northern.
of
T T O
N
.
F r i d a y , P. M., January 29, 1892.
t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 130,607 bales,
against 102,638 bales last week and 162,788 bales the previous
vceek.^ making the total receipts since the 1st o f Sept., 1891,
5,427.540 bales, against 5,261,659 bales for the same period of
1890-91, showing an increase since Sept. 1.1891, of 165,881 bales.
Receipts at—
lu es .
Wed.
5,013
5,183
3,164
2,617
........
. .....
.......
........
5,413 18,360
472
1,045
4,023
289
6,213
229
é
2,397
.......
381
1,708
3,534
1,333
......
630
........
... . ..
449
279
1,298
275
......
675
1,027
688
332
Mon.
Sat.
G alveston.......
E l Paso, & c...
New O rlean s...
M obile....... .
F lorida.............
S avan nah.......
B runsw’k, &c.
C harleston___
P ort Royal,&c
W ilm ington. . . .
Was&’gton.& c
N orfolk............
West P o in t ...
N’ w p’ tN ’ s,&o.
New Y ork .......
B oston .............
B altim ore.........
Philadelph’a.&c
2,975
.......
5,320
702
2,376
......
507
2,630
......
1,635
........
. .....
9L
347
257
534
238
••••••
914
1,532
1,140
945
......
1,130
960
1,018
693
......
1,106
543
. .. . ..
433
......
144
521
Thurs.
F ri.
429
369
......
97
66
Total.
2,438
1.941
11,829
189
119
1,962
4,216
425
21,290
1,941
5 i,iè è
2,926
119
Ì4,6 07
4,216
4,961
348
87
1,035
866
1,223
521
413
5,983
348
1,771
87
5,743
3,349
1,223
4,775
4,M i
5,983
1,614
Totals this week 15,610 20,452 30,878 14,338 15,386 33,943 130,607
For comparison we give the following table showing the
week’s total receipts, the total since September 1, 1891, and
the stock to-night, compared with last year.
Receipts to
Jan. 29.
1891-92.
Stock.
1890-91.
This Since Sep.
Week. 1 ,1 8 9 1 .
This Since Sep.
Week. 1 ,1 8 9 0 .
21,290 945,950
1,911
26,318
51,158 1,798,995
2,926 211,936
119
20,439
14,607 832,032
4,216 137,572
4,961 403,845
1,303
1,771 140,509
1,997
87
5,743 407,053
3,349 247,162
29,846
1,223
49,083
4,775
4,844
71,974
5,983
52,918
1,614
48,608
18,651 837,602
18,096
1,838
67,634 1,555,040
9,357 237,636
33,782
484
26,461 876,320
3,185 154,361
12,467 374,294
625
29
3,895 165,480
3,463
182
24.486 496,124
10,786 263,916
2,483
55,735
56,157
6,237
59,193
1,594
3,894
42,726
1,440
31,119
1892.
1891.
452,144
34,937
81,442
......
347,292
45,047
105.564
6,947
74,775
94 ,700
13,146
60,869
11,769
27,802
52,785
4,505
2,214
384,427
23,0Q0
14,089
9,943
60,562
18,836
24,156
119,712
Ì8 .0 0 0
17,323
6 ,9 30
T otals........ 130,607 5,427,540 195,103 5,261,659 1,259,771
935,477
G alveston ...
E l Paso,&c.
New Orleans.
M obile. . .
F lorid a.........
3 a v a n n a h ...
Bruns., &o.
Charleston ..
W ilm ington.
N orfolk.........
W est Point.
NwptN.,<fce
New Y o r k ...
Boston..........
Baltimore__
Phil’del’a, &c
82,652
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons._____
Receipts at—
1892
1891
1890.
Gaiv’ston,&c
New Orleans
M obile..........
S av an n ah ...
Charl’ st’n,&e
Wilm’ gt’n,&e
N orfolk.........
W’t P oint, &c
A ll o th e r s ...
23,231
51,158
2,926
14,607
4,961
1,858
5,743
4,572
21,551
20,489
67,634
9,357
26,461
12,496
4,077
24,486
13,269
16,834
20,312
61,323
6.355
17,692
4,o63
4,285
10,054
11,165
23,516 .
Tot. this week
130,607
195,103
159,265
1889.
1888.
1887.
12,312
45,344
9,582
15,626
8,851
1,758
12,639
20,911
2.8,281
7,217
34,493
5,036
14,347
8,026
2,364
6,470
8,722
11,993
12 ,2 6 0
48,714.
3 ,1 14
13 ,293
7 ,1 07
1,2 73
13,265
14,417
17 ,305
155,354
98,668
130,753
Since Sept. 1. 5427,540 5261.659 4962,425 4474,367 4583,627 44 86,382
The exports for the week ending this evening reach a total
of 132,705 bales, of which 78,293 were to Great Britain, 17,(HU
to France and 37,336 to the rest of the Continent. Below hre
the exports for the week, and since September 1, 1891.
Exports
from—
Week Ending Jan. 29.
From Sept. 1,1891, to Jan. 29,1882
Exported to—
Exported to—
Great
Conti Total Great
Conti
Total.
Brit’n. France nent. Week. Britain. France nent.
1,900 25,447
Galveston...... 23,517
New Orleans.. 29,216 15,090 26,890 71,223
2,400
Savannah ......
Charleston....
Wilmington...
Norfolk..........
West Point...
3,195
1,575
New York...... 10,245
6,287
3,797
Baltimore......
Pb.ll adelp’a,&c
401
2,400
3,195
1,100
490
1,496
1,100
1,575
4,601 15,239
6,287
512 é,836
401
518,257 49,820
601,662 283,026
34,593
166,483 25,601
80,829 4,819
112,913 5,550
65,953
115,764 7,900
76,389
13 764 2,548
251,210 16.970
115,569
60,022 6,245
11,019
89,9él 688,008
352,012 1,239,700
201,819
396,933
125,076
44,487
21,568
12,383
273,539
100,413
145,233
68,752
16,812
881.909
113,699
3,971
59,833
600
125100
.L Ü Ï9
Total............ 78,293 17,076 37,336 132,705 2,301,440 401,509 1,028.409 3,737,353
Total. 1890-91. 109.462 14.895 38,8561163.213 2.087,434 418,28a11,203,673 8-.Î09 \8 ’
THE CHRONICLE.
J a n u a r y 30, 18S2.J
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs,
Carey, Yale & Lambert, 24 Beaver Street.
On Shipboard, not cleared—f o r
Jan. 29 at—
Great
Other CoastB ritain. France. Foreign wise,
Leaving
Stock.
Total.
N ew O rle a n s...
G alv eston .........
Savannah.........
C h a rle sto n .. ..
M ob ile...............
N orfolk .............
New Y o rk .........
O ther p o r t s ....
18,726
15,982
4.000
6,500
3.000
10,000
1,200
21,000
30,663
4,072
1,800
None.
None.
None.
450
None.
32,221
2,682
14,100
9,500
None.
5.000
3.800
9.000
1,077
2,138
2,400
600
700
2.000
None.
None.
82,687
24,874
22,300
16,600
3,700
17.000
5,450
30.000
369,457
57,778
83,264
58,175
31,237
35,785
378.977
42,487
T ota l 1 8 9 2 ...
80,408
36,985
76,303
8,915
202,611
1,657,160
T otal 1 8 9 1 ... 129,315
T otal 1 8 9 0 ... 83,017
13,112
4.169
82,162
60,177
13,708
22,937
238,297
170,300
697,180
525,267
The speculation in cotton for future delivery at this market
opened the past week under a feeling of much depression and
prices declined rapidly. There was concerted manipulation
in the “ sho^t interest” both here and at New Orleans, which
finally had a depressing effect upon Liverpool. Another ele
ment of weakness was the )>elief that the return of better
weather at the South will cause a renewal of an excessive
movement of the crop. The crippled condition of the bulls
and their timid action prevented them making any strong
stand against the bears, who were favored also by the un
usually large stocks at this port. On Wednesday an early de
cline was followed by some recovery, but a fresh decline
took place when it was seen that receipts at the interior towns
would probably show a material increase over last week. On
Thursday a stronger report from Liverpool was followed by a
stronger opening, but the improvement was very short
lived, and was succeeded by a sharp decline. To-day the
market opened buoyant on a comparatively better report
from Liverpool, but the demand soon subsided, and prices run
off 8 @ 10 points, bat at 48 @ 54 points below the best figures
o f last week, the demand became active and the close was firm
at a slight recovery. The summer months declined most,
narrowing the range between March and August to 45 points.
Cotton on the spot declined l-16c. on Tuesday and again on
Thursday. To-day the market was quiet at 7 ^ c. for middling
uplands.
The total sales for forward delivery for the week are 797,400
bales. For immediate delivery the total sales foot up this week
1,527 bales, including — for export, 1,527 for consumption,
---- for speculation, and — in transit. Of the above — bales
were to arrive. The following are the official quotations for
each day o f the past week—January 23 to January 29.
UPLANDS.
| S a t.
O rdin ary.............................. $ lb.
S trict O rdinary............................
G o o d Ordinary.............................
S trict G ood Ordinary..................
L o w M iddling...............................
S trict L ow M iddling...................
M idd lin g................ .......................
G ood M iddling.............................
S trict G ood M id d lin g ...............
M iddling F a ir .............................
F a ir ...............................................
514
GULF.
M o n jT n e s | W e d
55a
6*3
61316
7316
Th*
75i
71* 16
83X6
8%
9%
S a t.
O rdinary...............................$ lb.
S trict O rdin ary............................
'G ood O rdinary.............................
S trict G ood O rdinary..................
L ow M iddling...............................
Strict L ow M iddling...................
M iddling................. 7.............
G ood M iddling.............................
S trict G ood M iddling................
•Middling F a ir...............................
F a i r . . ...................................
5%
6
6^8
73i6
7 »16
713X6
8
8 "16
8916
913
Qlo
STAINED.
S a t.
G o o d O rdinary....................$ lb.
S trict G ood O rdinary..................
L o w M iddling...............................
M iddling........................................
43t
53s
6 I4
7 316
53x6 518
5s16 59x6 5ia
ft716 6 ‘ 16 63s
£ Il0 63*
71«
i l *
7 316
73a
73s
738
7916 ? 4 *
7!516 7?8
7’s
71*16
8ia
8ia
sal6 811x6 81!i6 81x6
85s
91a
91!«
9 116 9
M on T ues W ed T h .
58s
6
6^8
Zn16
Z?16
71316
8
8316
8916
918
QU
59X6
■51*16
613x6
7*a
K?16
51016
613x6
718
7 13
7*a
73i
7\
71*16 71*16
8*4
814
S’a
813
9’ iß 97X6
M on T ues W ed
4%
53s
6H
73x6
b”l6
g?U
71s
Î c 1! 0
5“ i 0
6 3is
718
518
5>a
6%
O -K H H
3 9®p
5
B 9-®*
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F r i.
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71x6
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514
618
71x6
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Saturday
M on d ay ..
Tuesday..
W ed’d a y .
Thursday
F r id a y ...
Con- . Spee- Tran
sum p. uVt’n sit. Total.
Quiet at i X6 d ec,
D u ll....................'
Q u ie t a ilje d e c.
Q u iet....... ...
Quiet at 1x6 dee.
Q u ie t..................
866
95
50
177
72
267
T o ta l...
T he Sa l e s
1,527
and
P r ic e s
of
following comprehensive table;
....
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!►
<
• hi
I I:
SA L E S O P S P O T A N D T R A N S IT .
E x
port.
tel-4 J -J
®»3MN açeo r-i .ÄÄ te
® ©ite H S'®??© gOlÇDO
<29.0« P 9Î ° à P 9.w i Os*
.0* ite®
&
CD©
*4 QOO^
a
00 o 7*
f» ¿ O ® * »O*
fi S*
fcÔ°
to
©
m arket and sales.
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SPOT M A RK ET
CLOSED,
$
a
<J0ä
•*?*? 5
F r i.
5ia
5^8
6%
71x6
7716 77X6
7 i i i 0 711X6
778
778
8316 8 316
8716 87x6
9
9
93s
933
o n j® o
: :
1 «y*:
10 :
1& :
1ò ; :
O»
M
! 1
05
: 1 <i o ©<i <^<30<l S' 1
1î
* 1 te*M©te* K>i-**A w 1
tò * •
1 CO00 00 0^3 05 <1
f-* if*-
a ile6
83a
9
5*3
578
6%
F ooo®,-o®
©<j
0
i *
7616
71«
a
Qgg>3.
o 3.£.a I2.£.g
B O ® ?
1® ® 2P*
►Î-® m P ri*®
P ®P
s’ « o
IS P
0-(
E.p p :
p*,te*p
s-rp • p.f-8» g i g
Q*do>5:
• ©• I
T h . 1F r i .
5H
5^8
6*3
209
H
g
►e
<
®
0^00 s? Ohjoo®
o2,Ha
0 ® > GD © © 3D
So ® Œ
►te® Œ
tr©
P a - •
B ®sopt
®®
‘T’ -p foS
• CO
: p.*-> S' P"
•
j
p
• §•’ N>
®
»
p;
• *5 • GO
® ®
866
95
50
177
72
267
Sales o f
Futures.
85,600
163.400
J40,200
101.400
150,600
156,200
The following exchanges have been made during the w eek:
•10 pd. to exch. 2,800 Feb. fo r Mob.
•12 pd. tp exeb. 100 May fo r June.
•01 pd. to exeb. 200 Feb. fo r Aug.
•11 pd. to ex eb. 100 A pr. fo r May.
•69 pd. to exeb. 800 Feb. fo r S6pt.
•43 pd. to exeb. 1,200 Feb. for J ’ ne.
•21 pd. to exeb. 1,300 Feb. fo r A pr.
•40 pd. to exeb. 100 Feb. fo r June.
•06 pd. to exeb. 100 Jan. for Feb.
•05 pd. to exeb. 100 Jan. fo r Feb.
•31 pd. to exeb. 1,000 Feb. for May.
•30 pd. to exeb. 1,000 Feb. fo r May.
•08 pd. to exeb. 300 Feb. fo r M cb.
•07 pd. to exeh. 200 July for A u g.
•11 pd. to exeb. 100 Mob. fo r A p r.
•39 pd. to exeb. 100 Apr. fo r Aug.
•49 pd. to exeb. 500 Mob. fo r A ug.
*08 pd. to exeb. 300 Jan. fo r Feb.
•06 pd. to exeb. 1,000 Feb. fo r M ob.
•30 pd. to exeh. 1,500 Moh. fo r J ’ne.
•07 pd. to exch. 30 » Feb. fo r Mob.
•06 pd. to exeb. 2,000 Feb. fo r M cb.
•17 pd. to exeb. 100 Feb. fo r A pr.
•20 pd. to exeb. 100 Mob. fo r M a y .
T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up b y cable
and telegraph, is as follows. The Continental stocks, as well as
■4
those for Great Britain
O» Ol © and the afloat are this week’s returns,
wwbo"»
all
.... 1.527 797.40P and consequentlyI ö
P:the European figures are brought dow n
w
to Thursday evening.
But to make the totals the complete
are shown by the figures for to-night
(Jan. 29) we add the item of exports front
C<8®W
Ite
00
<
1
he United States, including in it the exports of Friday only.
THE CHKONIOLE.
210
1892.
Stock at L iv e rp o o l......... bales. 1,653,000
1 0 ,0 0 0
Stock at L on d on .......................
1891.
956,000
1890.
992,000
15,000
1889.
685,000
T ota l G reat B ritain stock . 1,663,000
2 ,2 0 0
Btock at H am burg.....................
137,000
Stock at B rem en........................
2 2 ,0 0 0
Stock at A m sterdam .................
400
Btock at R otterdam .................
5,000
S tock at A n tw erp ......................
275,000
Btock at H a vre...........................
7,000
Btock at M arseilles....................
80,000
Stock at B arcelona...................
9,000
Stock atG ^ n oa...........................
15,$00
Stock at T rie s te .........................
976,000 1.,007,000
2,300
3,300
165,000 142,000
6 ,0 0 0
18,000
300
400
6 ,0 0 0
7,000
164,000
203,000
3,000
3,000
90,000
90,000
691,000
2,800
14,000
6 ,0 0 0
1 0 ,0 0 0
10 ,0 0 0
1 2 ,0 0 0
300
500
98,000
3,000
29,000
5,000
7,000
T ota l Continental stock s....... .
505,700
435,600
181,600
552,600
2 0 ,0 0 0
6 ,0 0 0
Q u o t a t i o n s f o b M id d l i n g C o t t o n a t O t h e r M a r k e t s . —
2 2 ,0 0 0
T otal visible su pp ly ...........4,605,923 3,524,253 3,075,254 2,787,696
Of tbe above, the totals o f A m erioan and other descriptions are as follow s
668,000
396,000
500,000
935,477
450,421
23,655
787,000
359,000
470,000
695,567
315,409
14,678
554,000
135,000
391,000
939,294
380,439
6,363
gr T otal A m erican................... 4,196,323 2,973,553 2,641,654 2,406,096
East In d ia n , B razil, <tc.—
L iverpool stock.......................... 242,000
288,000 205,000 131,000
L ondon stock.........................
10,000
20,000
15,000
6,000
C o n tin e n ta lsto ck s...................
102,600
109,700
76,600
46,600
In d ia afloat fo r E u rop e............
28,000
80,000 113,000 146,000
E g y p t, B razil, & c., afloat.........
27,000
53,000
24,000
52,000
Week ending
Jan. 29.
G alveston...
New Orleans
M obile..........
S avannah...
C harleston..
W ilm ington.
Norfolk........
B oston .........
B altim ore...
Philadelphia
A ugu sta. . . .
Memphis . . .
St. L o u is ___
C incinnati..
L ouisville...
fjg ly ig ê p o
ggtt g-O 80 2.P3
5*8» 83
, » F-« P ® ®* ri- <©• ©£•
: ?° s b : m m H q : o E : a
/-s'*
f i l l B B S (3<5
(3 B 00
®B ooà’â.85 CR
O» «rgfcg;©g|>
® -
® ?0 ® ® : 3 : ©P
H f P P . - . 80 .
ooo’o 0
S’
0S
.o 80 • P P : v: : :
M
M
1-1'
■m m to <i
ex<i
co m eo h ® cx cx m to
"tOMMM 00Ci Cl COto 01Cl V COlA© lUM© CDOM to tOto© V CD©Vi V
© COM 01MCOM-4 Oi Ci tOCX© Mto o Cl M 01< 11—MOKI MCl O t®
oeociOtocxcxooocîcxûoexexoï-'tooirfk-toMMexciOooooiMci
M
M
M
H tO
CO MM
MM
Ci tO MCO
m ; ©00 HGOOiOì^.X M p JS© 00©Ci-J ^
COOi^OiVcoVj^qrfv* CO; 'wTotOOMOC^^VcO^Vlrfv^MbiCPC»
01 ©MtOODtO©^COH; oo! <JOOOUOOO<IrfvtO©ÛOOCiCi«£CO<Ω©QD
CO <10itOtO©CJ<^©OD» tfv, M<J©MOOCötOOi<lOi<lW©<l©©cOM<l
M
M
MM
CO
M
MM
M M M M M iA
p i CcpitOCôjt-M tO<lM;
COCî
J -'M Ç O 05<I©©M
V I 'o 'm MOO-ita* Cl to'®®1 -4 ■ MOtOMVlODMVlOOto'toaiQOOOCXMuo
to talMO-lWMO-Jm! Cl! M-lt0l^t0M00O-4*—©ClOOGOMOOOClOO
1 ©-4OC0CXC0CXMCX. M . lf-œi^tO<l©MO<ltOOCXOOlOOOOtO-4
* Louisville ugures “ n e t ” in both years,
t This year’s figures estimated,
f Last year’s figures revised; see item on p age 212.
CJI
Shipm’ ts Stock
This
week. Jan. 30.
W
A
Mto
to
MM MMM<J M
© p H to
MpM
. WJ^vtotOMMfK
Tocco MQOO»
Oi ^ 00CJ»© MCOCiMrfv©V) Ci© CO© O» MCO© GO
©tf^©OD©Ü»^.©i-<]»iw©©»(wOiCO©©COOOïOMOiMOO©©Ü»tOÜ?<I
1 QO^J©©M©^K>GO<10i©Ü«CO<l©K>MCiCO©M©©^©tO©CiÜ«Ci
M ovement to Jar m ary 30, 1891.
Receipts.
(OO
M
cx M
to
CXit-MMCX-4 tOCX tOCOMtOOtOOtOWtOCO-d^l^MMCOOOlOCKlta<1MM^OM0 1 ^ - P p p “ Ç0 -4 CXOCO-4tOCXtvMCX-4>—00
ci m m c m Vio 'c ci© cxodmV m o VV i © 00.00 cjiVViV-MCiooVoi
MCiOOlt-CiCOCO^lNlCXMCXClMM-IMMtOOlMMMOlUOWOOex-O
CXMtOOlCXCXCXOOOltOCOMMCOCKlMQOOCXMCOtOOlMtOlf^OtOrOM
Since
Sept. 1,’ 90.
3,583,895 1115,734 1
M
K>
M
^MM J-US© M
©JS JStO
MJSC0
HCOHHHHOî
<KOOOWÎOOO COCO Ci üThco kTo V to<f<KJ»'cOco <k» © V © c* © m
CiMCCÜ»CO©ÜlC5M<JtJ©COt0CDU*“COCi^**M>*©O500C7i©<l©00©
ÜlCOQDÜ!»f*bO©©M^IGC©OOÇ£>MMMQOCOCCC7'©©tf^©COO*-©tO<l
This
week.
M
0
p
To
*0
01
Shipm’ts Stock
This
week. \jan. 29.
M
o
o
a
CO
0
Ü»
p
gp
Tues.
73x6
718
718
n
7316
71x6
7
7
7
6 78
7
7®8
738
713x6
71i 6 " 18
7 is
■ 718
7
6 78
7%
7»8
733
7 7S
71x6
73x6
7 ;'xe
75X6
714
714
Wednes.
Thurs.
718
7 .
7
6 78
7
6 7s
7
79X6
738
713x6
71X6
71x6
71x6
71x6
7
7
6 7a
714
7 14
F ri.
6 7s
7916
73a
71316
Z1!®
7
7
7 14
734
73x6
73 X6
7
615x«.
6 7s
6 78
7
6 78
6 7s,
71«
7%
7 \
71x6
7
7
714
73x8
Week
Receipts at the Ports. St’kat Interior Towns. Rec’pts from PlanVns,
E n d in g —
1889-00 1890-01 1891-92 1889-90 1890-91 1891-92 1889-9011890-91 1891-9»
Dec. 24..
81..
8..
15..
22..
29..
248,408 270,782 230.796 444,468 550.410 632,099 294,330 314,806 255,432
218,610 246.989 228,169 455,725 538,652 644,980 229,897 235,231 241,059>
139,826 217,177 230.205 433.198 513,751 629,550 117,299 192,276 214,775
158.868 174,855 162.788 388,848 490,972 627,004 114,518 152,076 160,242
146,892 178,943 102.688 352,157 456,930 605,907 110.201 144.901 81,541
159,265 195,103 130.607 315,4091450,421 576,253 122,6171188,594 100,95 »
The above statement shows: 1.—That the total receipts from
the plantations since September 1,1891, are 5,947,884 bales; in
1890-91 were 5,697,510 bales; in 1889-90 were 5,264,275 bales.
2.—That, although the receipts at the outports the past week
were 130,607 bales, the actual movement from plantations was
only 100,953 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 188,594 bales and for 1890 they w er»
22,519 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1 .—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending Jan. 29
and since Sept. 1 in the last two years are as follows:
1891-92.
M ovem ent to Jar m ary 29, 1892.
Receipts.
CO
M01
M
C iM
ta*
i^cotoco^i^-Aoi taMM-iMM-4MCotoeoci<itociCoooo^ciCiC5
00Ci CO®
Oi 00© 50IOUIO tOCXp oo O
Cto to 00 Oi -4 tv It*COIf- to COM
mV to^o
i^- -J
Vi to
comV ' oicì—
coo
o co'bi-Qcc'oVi
C
XO -1 to 0i if- to
to ©
to —
to O
<1JS- O -1I'm
M'oi~Vico
ta COC
JIMcI-oco
tal to If- COW«CJ
O CO111- <1-4 MM-1CX00COte Ci CD-lit. if».Ci Ci MO co to COc O ti o ta 00CO
This
week.
1 70,982] 13,726,599 1
H*
M
MM
OM MM
MtOMtO 00 >-* Mto
W CXon CO-1COCOCl Cl CX V(CXto C 00 MCO©Cl ©Vico to MCOCl Ci MCO
-OClie-OlCl-JCXit-OlClCstOCXOOlCXtOCXClMCXie-OOOCXOaoCMaito
©W©CX©t0O01M<lt-CX-ac0CXK»'t0Mif».aLt®CXCl©WW©®WW00
714
Mon.
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 o f that part of the crop which
finally reaches the market through the outports.
79,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,081,670 bales as compared with the same date
of 1891, an increase of 1,530,669 bales as compared with the
corresponding date o f 1890 and an increase of 1,818,227 bales
as compared with 1889.
A t t h e I n t e r i o r T o w n s the movement—that is the receipt8
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period o f 1890-91—is set out in detail in the
fo<'owing statement.
o g-® PB g B
P S.1
* zfü BEL&
7316
7 16
718
7
7
7
718
711x6
738
7 78
71l6
7* 16
7*X6
n t a ............
6 Hift I Little R o c k . . . .
63* N ew b e rry ................... .
Columbus, G a.
6 % I M o n tg o m e r y .. 6 %
R a le ig h ..............
7
Columbus,M iss
6^4 I N ashville . . . . . . 7
S e lm a .................
6%
6iixe 1N a tc h e z ...........
6i6ie S h r e v e p o r t ....
6*8
E ufaula......... .
R e c e i p t s F r o m t h e P l a n t a t i o n s .— The following table
T otal visible su p p ly ...........4,605,923 3,524,253 3,075,254 2,787,696
P rice M id. U pl., L iverp ool—
4 i 16 d.
5 i i 6d.
6 i i 6d.
5^d.
P rice M id. U pl., N ew Y o rk —
7 13C.
9» i 6o. 10i516c.
9i&i6<*.
5^ “ The imports into Continental ports this week have been
i?§-® s k i l l s ir®I
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
T otal E ast India, &C........... 409.600 550,700 433,600 381,600
Total A m erican................... 4,196,323 2,973,553 2,641,654 2,406,096
W BJg 0 U H 03 f f O 50 S5
LIT.
Below we give closing quotations of middling cotton at South»
em and other principal cotton markets for each day o f the week .
T otal E uropean sto ck s.. .. 2,215,600 1,481,700 1,442,600 872,600
In d ia cotton alloat fo r E urop e.
28,000
80,000 113,000 146,000
A m e r.co tt’ n afloat fo r E urop e. 479,000 500,000 470,000 391,000
E gypt,B razil,& c.,afltforE ’r’pe
27.000
53,000
24,000
52,000
Btock in United States p o r t s .. 1,259,771 935,477 695,567 939,294
Stock in U. S. interior to w n s .. 576,253 450,421 315,409 380,439
U nited States exports to -d a y .
20,299
23,655
14,678.
6,363
A m erican—
L iverpool s t o c k .........b a l e s . 1,411,000
C ontinentalstocks..................... 450,000
Am erican afloat fo r E u r o p e ... 479,000
U nited States S to ck ................... 1,259,771
U nited States interior s to ck s.. 576,253
U nited States ex p orts to -d a y .
20,299
[VOL.
January 29.
Week.
Shipped—
Via St. L ou is...............
V ia C airo....................
V ia H annibal.............
V ia E vansville...........
V ia Louisville............
V ia Cincinnati____ .
Via other routes, &o.
T otal gross overland................
Deduct shipments—
Overland to N. Y ., B oston, <fcc..
Betw een interior t o w n s .............
Inland, &e., from S o u th ............
17,305
6,936
3,342
1,274
4,325
2,244
2,672
Since
Sept. 1.
1890-91.
Week.
426,924 126,143
259,458 10,863
1,626
141,379
24,995
1,076
4,586
128,588
87,665
5,910
1,867
117,047
Since
Sept. 1.
413,768
208,6057 7 ,232
18,934
141,452
130,875
116,216
38,098 1,186,056
52,071 1,107,082
17,216
639
1,240
222,583
44,341
61,521
13,165
1,879
2,924
189,195
76,576
54 ,160
19,095
328,445
17,968
319,931
L eaving total net overland*.. 19,003 857,611 34,103
* Including m ovem ent b y rail to Canada.
t Revised.
787,151
T otal to be deducted...........
The foregoing shows that the week’s net overland movement
this year has been 19,003 bales, against 34,103 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 70,460 bales.
1891-92.
I n Sight and Spinners’
Takings.
Week.
Since
Sept. 1.
1890-91.
Week.
Since
Sept. 1.
R eceipts at ports to Jan. 2 9 ......... 130,607 5,427,540 195,103 5,2 61,0 50
Net overland to Jan. 29................. 19,003 857,611 34,103 787,151
Southern consum ption to Jan. 29 1 2 ,0 0 0 309,000 1 1 ,0 0 0 286,000
T otal m ark eted ..........
Interior stocks in ex cess.
161,610 6,594,151 240,206 6,3 34,8 10
*29,654 520,324 *6,509 435,851
Came into sight d aring w eek. 131,956
233,697
T otal in sight Jan. 2 9 ..............
7,114,475
6,770,661
1,477,461
The above totals show that the interior stocks have decreased
1,423,1ST
* D ecrease during week.
during the week 29,654 bales, and are to-night 125,832 bales
more 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 38,243 bales less than the same week last during the week 131,956 bales, against 233,697 bales for the
year, and since Sept. 1 they are 142,704 bales more than for the same week of 1891, and that the increase in amount in sight
earn i time in 1890-91.
to-night as compared with last year is 343,814 bales.
J a n u a r y 30,1892. j
THE CHRONICLE.
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegrams this
evening denote that dry weather has prevailed over the greater
portion of the South during the week. In fact there has been
practically no rainfall except in the Southwest, and there it
has been light, as a rule. The temperature has also been
higher and the crop movement has progressed without hin
drance.
Galveston, Texas.—W e have had rain on one day during
the week, the precipitation reaching eighteen hundredths of
an inch. The thermometer has ranged from 34 to 62, aver
aging 48
Palestine, Texas.—It has been showery on one day of the
week, to the extent o f ten hundredths of an inch. Average
thermometer 44, highest 68, lowest 20.
Huntsville, Texas.—There has been rain on two days of the
week, to the extent of seventy-four hundredths o f an inch.
The thermometer has averaged 46, the highest being 72 and
the lowest 19.
Dallas, Texas.—It has been showery on one day of the week,
the precipitation reaching eleven hundredths of an inch. The
thermometer has averaged 44, ranging from 16 to 72.
San Antonio, Texas.—There have been showers on four
days of the week, the rainfall being twenty-four hundredths
o f an inch. The thermometer has ranged from 34 to 72, aver
aging 53.
Duling, Texas.—Dry weather has prevailed all the weekAverage thermometer 52, highest 66 and lowest 39.
Columbia, Texas.—There has been rain on two days of the
week, the precipitation reaching thirty hundredths of an
inch. The thermometer has averaged 48, the highest being 66
and the lowest 30.
Cuero, Texas.—Telegram not received.
Brenham, Texas.—W e have had one shower during the
week, to the extent of eighteen hundredths of an inch. The
thermometer has ranged from 34 to 67, averaging 50.
Belton, Texas.—It bas rained heavily on one day of the past
week, the precipitation reaching one inch and sixty hun
dredths. Average thermometer 42, highest 67 and lowest 17.
Weatherford, Texas.—There has been one shower the past
week, the rainfall reaching eleven hundredths of an inch.
The thermometer has averaged 44, the highest being 72 and
the lowest 15.
New Orleans, Louisiana.—The week’s rainfall has been one
inch and thirty-five hundredths, on seven days. The ther
mometer has averaged 55.
Shreveport, Louisiana.—Rainfall for the week thirty-six
hundredths of an inch. The thermometer has ranged from
30 to 71, averaging 50.
Columbus, Mississippi. —Dry weather has prevailed all the
week. Average thermometer 40; highest 66; lowest 20.
Leland, Mississippi.—No rain has fallen during the week.
The thermometer has averaged 47*3, the highest being 70 and
the lowest 27.
Little Rock, Arkansas.—The weather has moderated and is
now spring-like. Rain has fallen lightly on two days of the
week, to the extent of forty-nine hundredths of an inch.
The thermometer has ranged from 27 to 62, averaging 44.
Helena, Arkansas.—No farm operations are being carried on
in consequence of the cold weather. Business is dull. It has
rained lightly on one day of the week, and there are indica
tions of rain this morning. The rainfall reached twenty
hundredths of an inch. Average thermometer 41, highest 55
and lowest 26.
Memphis, Tennessee.—Rain fell on Friday last to the extent
of thirty hundredths of an inch, but the remainder of the
week has been dry. The thermometer has averaged 43'4, the
highest being 66-2 and the lowest 23*5.
Nashville, Tennessee. —Telegram not received.
Mobile, Alabama.—The weather has been dry all the week.
The thermometer has ranged from 33 to 66, averaging 49.
Montgomery, Alabama.—The weather has been dry and
cool all the week, with frost on four days. Average ther
mometer 44, highest 60 and lowest 28.
Selma, Alabama.—The weather has been clear all the week.
The thermometer has averaged 44, the highest being 60 and
the lowest 28.
Auburn, Alabama.—No rain all the week. The ther
mometer has averaged 40-4, ranging from 15 to 63.
Madison, Florida.—W e have had no rain the past week.
The thermometer has ranged from 35 to 71, averaging 53.
Columbus, Georgia.—The weather has been dry all the week.
Average thermometer 43, highest 56 and lowest 28.
Savannah, Georgia.—There has been but a trace of rain on
one day of the week. The thermometer has averaged 49, the
hightest being 68 and the lowest 32.
Augusta, Georgia.—The weather has been clear and pleas
ant all the week. The thermometer has averaged 44, ranging
from 23 to 65.
Charleston, South Carolina.—W e had have no rain the past
week. The thermometer has ranged from 29 to 66, averag
ing 48.
Stateburg, South Carolina.—The weather has been fair to
clear and cold during the week. Average thermometer 42*1,
highest 66'6 and lowest 25.
211
Wilson, North Carolina.—No rain has fallen the past week.
The thermometer has averaged 40, the highest being 60 and
the lowest 20.
The following statement we have also received by telegraph
showing the height o f the rivers at the points named at 3
o’clock January 28, 1892, and January 29, 1891.
Jan. 28, ’92.|Jan. 29, '91
Feet.
6-5
21*8
12-7
8-2
261
New O r le a n s ....
M emphis............
N ash v ille...........
Shreveport.........
Vicksburg...........
Feet.
11-0
161
21-8
23-9
300
I n d ia C o tto n M o v e m en t f r o m a l l F o r t s .— T h e receipts,
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Jan. 28.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this week.
Shipments since Sept. 1.
Year Great Conti
Great
B rit’n. nent. Total. B ritain
’91-2
9,000 9.000
13.000 13.000
»90-1
»9-90 3,000
3.000
>88-9 21,000 34.000 55.000
Conti
nent.
6,000 71.000
13.000 92.000
48.000 189.000
61.000 158.000
Receipts.
Total.
This
Week.
77.000
105.000
237.000
219.000
36.000
55.000
67.000
76.000
Since
Sept. 1.
263.000
481.000
590.000
471.000
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts o f
19,000 bales and a decrease in the shipments of 4,000 bales, and
the shipments since Sept. 1 show a decrease of 28,000 bales»
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipments for the week.
Great
B ritain.
C alcutta—
1891-92...
1890-91...
Madras—
1891-92...
1890-91...
All others—
1891-92...
1890-91...
Total all—
1891-92...
1890-91...
Conti
nent.
Shipments since Sept. 1.
Total.
Great
B ritain.
Continent.
Total.
1,000
1,000
4.000
5.000
15.000
19.000
19 .000
24.000
1,000
1,000
2,000
14.000
16.000
10,000
13,000
24.000
29 .000
2,000
1,000
3,000
20,000
18,000
26,000
28,000
46,000
46 ,000
3,000
3,000
6,000
38,000
39,000
51,000
60,000
89,000
99,000
The above totals for the week show that the movement from
the ports other than Bombay is 6,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since September 1,1891, and for the corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
1890-91.
1891-92.
Shipments
to all E urope
fr o m —
This
week.
1889-90.
Since
Sept. 1.
This
week.
Since
Sept. 1,
9,000
77.000
89.000
13,000
6,000
105,000
99,000
3.000
9.000
237,000
99,000
9,000
166,000
19,000
204,000
12,000
336,000
All other ports.
T ota l..........
This
week.
Since
Sept. 1.
A l e x a n d r ia R e c e ip t s
S h ip m e n t s .—Through arrange
and
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A lexandria, Egypt,
January 27.
1891-92.
1890-91.
1889-90.
Receipts (cantars*). . . .
This w eek___
'■iince Sept. 1 .
110,000
t3,814,000
100,000
3,152,000
85,000
2,708,000
Since
This
week. Sept. 1.
This
Since
week. Sept. 1.
Since
This
week. Sept. 1 .
7.000 225.000 13,000 201,000
3.000 107.000 3,000 113,000
3.000 200,000
2.000 94,000
T ota l E u rop ei....... 10,000 332,000 16,000 314,000!
* A cantar is 98 pounds.
F ile vised.
5,000 294,000
Exports (hales)—
To L iverpool t ...........
To C on tin en ti...........
This statement shows that the receipts for the week ending
Jan. 27 were 10,000 cantars and the shipments to all Europe
10,000 bales.
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 easy yarns and
steady for shirtings. The demand for both India and China
is poor. We give the prices for to-day below, and leave those
for previous weeks of this and last year for comparison:
1890-91.
1891-92.
8 ^ lbs.
Shirtings.
32s Cop.
Twist.
d.
d.
De.24 6?t ©7*2
» 31 63i ® 7 \
Jan. 8 6*2 © 7J*
“ 15 6»8 © 7%
“ 22 6% ©7h»
“ 29 !6ilie'® 71s
s.
5
5
5
5
5
5
d.
6
6
5
5
6
6
s. d.
© 6 11
© 6 11
©6 9
©6 9
© 6 10
© 6 10^2
OoWn
Mid. 32s Cop.
Twist.
Uplds
d.
4^4
4^16
4
4 116
41«
4 ii6
d.
d.
8% ®8®8
8öiß® 8 ®8
851(5®8®8
s 1* ©8*2
8316©87i 6
8*16-»8716
81* lbs.
Shirtings.
s.
6
6
6
6
6
6
d.
s.
4 12'®7
4i2 ® 7
4*2©7
4*2®7
4 ©7
4 ©7
d.
3
3
3
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3
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Oott'n
Mid.
Uplds
d.
5*8
5 3is
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5*18
5-he
51Xft
212
THE CHRONICLE.
[Vol. LTV,
S t . L o u is C o t t o n R e c e ip t s .—At the end of May last year
O rleans —T o L iverp ool, p er steam ers A m erican, 2,500
an addition was made to the St. Louis cotton receipts and N e w Governor,
5 ,7 4 0 ....Hugo. 5 ,0 8 2 ....J .W . Taylor, 6 ,8 0i> ....
Knight o f St. George, 10,652___Leonora, 5 ,8 0 0 ___ Louisishipments of 46,245 bales for through cotton, omitted in the
auian, 7,8 00....M a d rileñ o, 7 ,6 00___ Ram on de Larrinaga,
8,0 00................................... ..................................................
^
reports of the St. Louis Iron Mountain & Southern Railroad
To H avre, per steamer M ontevidean, 6,9017..*.'p er‘ ship
during the period from the last week of January to the close
Charlie Baker, 3 ,1 0 6 ....... .......................... .......... .................
To Dunkirk, per steam er Cape Corrientes, 5 , 2 5 0 .. 7 7 1 7 7 ’.
o f April, 1891. The Secretary of the St. Louis Cotton Exchange
To Bremen, per steam er Norse King, 5 ,5 0 0 ......................7 . . !
has furnished a detailed statement of these figures by w eeks,
To Hamburg, per steamers Europa, 8 0 0 ....Feliciana’, 1,200
....G a licia , 1,5 00........................ .................................................
and proper revision of the interior towns and weekly and
G alveston —To L iverpool, per steam ers Daventry, 7 ,0 8 0 ....
overland statements is therefore begun this week.
Jess more, 5 ,9 4 4 ...................................................... . . . . . . . . 7 7
To H avre, per steamer Redcar, 4 ,7 0 0 ..................1 7 7 7 7 7 7 "
^
974
*
10 007
5.250
5 500
*
3,500
13 024
4!700
J u t e B u t t s , B a g g in g , & c .— T he d em a n d fo r ju te b a g g in g
To Bremen, per steamer A valon, 2 ,8 5 5 ............................. 7 7 1
2,855
d u rin g th e w eek u n d er re v ie w has b een lig h t, b u t th ere has M o b il e —To Liverpool, per steam er Angerton, 7 ,1 10.................1 7,110
•Brunsw ick —To Liverpool, per steam er Storra Lee, 2,087 . .7 .1
2,087
been n o disposition to shade quotations, w h ic h ru le at 5 % c . fo r Charleston —T o Salerno, per brig Selina Stanford, 1,1 50......... . 1,150
\%
lb s., 6c. fo r 2 lbs. a n d 6 ^ c . fo r standard grades. The Wilmington —To Bremen, per steamer Bertie, 4 ,7 0 0 ......... ......... 4,700
To Ghent, per bark Stella, 1,855..................................................
1,855
offerin gs o f ju te butts are ligh t, a n d rep orted transactions
l k —To Liverpool, per steam ers Buckingham , 6 ,1 9 0 ....
h ave been o n the basis o f l% c . fo r paper grades an d ^ @ % c . N o r fo
Sicilia, 1 ,5 6 0 ...............
7,750
fo r b a g g in g q uality.
B oston —To L iverpool, per steam ers Lake Superior, 1 ,5 0 7 ...!
Palm yra, 2 2 2 ....P h iladelp hia, 3 ,3 2 3 .......................................
5,052
E a s t I n d ia C r o p . —Messrs. Gaddum, Bythell & Co.’s report
To Antwerp, per steamer Cremon, 2 7 7 .......................................
277
23 2
dated Bombay, December 26, says:
Supplies into the up country m arkets show som e Increase over those
of last week, as ow ing to the harvesting o f the grain crops being alm ost
over, m ore labor to work the gins and pick cotton is available, and
from now we expect to see a marked increase in supplies. The, crop
news is still good, but the w eather is cloudy and rain threatening in
som e parts o f Berar and Khandeish. The Broach crop has not had such
good weather this week as hitherto, but there is nothing yet that can be
complained of. Bhownuggur and Dhollera districts have had rather
warm er weather, w nich has caused the flowers to drop in some districts.
H and samples have com e to hand, the quality o f which is good.
Bengals are com ing dow n very slowly.
Under date of Calcutta, December 28, the second report on
the Madras cotton crop has been issued, as follows:
The second report shows the condition o f the crop at the end o f
November. The total area sowir with cotton is estimated at 1,090,935
acres. In A nautapore the crop is a com plete failure. Only in Cuddapah
and Coimbatore it is estim ated to exceed an out-turn o f eight annas,
that is half an average crop. In the other districts the out-turn is
estimated to vary from a quarter to less than half the usual crop.
To Yarmouth, per steamer Yarm outh, 15 0....................... .......
B tLTiMOBE—To Liverpool, per steam er Circassian, 1,105..........
To Havre, per steamer Ashburne, 5 4 9 .......................... ............
To Bremen, per steamer Am erica, 1 ,1 2 8 ...................................
To Hamburg, per steamer Gothia, 7 0 2 ........................................
To Amsterdam, per steamers Patapsco, 500 ...P . Caland,
1 ,0 5 0 ......................
150
1,105
549
1,128
702
1 ,5 5 0
Total
155,214
T h e p a r tic u la r s o f t h e s e s h ip m e n t s , a r r a n g e d in o u r u s u a l
f o r m , a r e as f o l l o w s ;
Am s'dam,
YarHavre Bremen AntGenoa mouth
L iver
dt Dun- dt 3am - werp <t dk Sal- (ê St.
pool. Hull. kirk. burg. Ghent. erno. P ierre. Total.
New Y ork . 8,026 2,219
490 1,739 2,413
350
2 15,239
N. Orleans. 59,974
15,257 9,000
84,231
G alveston. 13,024
.... 20,579
4,700 2,855
M o b ile .... 7,110 ...... ...... ......
__ __ _ 7,110
___ .
Brunswick. 2,087 ...... ...... ......
2,087
Charleston............... ...... ...... ......
__ 1,150 ......... 1,150
Wilmingt’n ......... ...... ...... 4,700 1,855
_^
6,555
N o r fo lk .... 7,750 ...... ...... ...... ...... __ ___
7,750
...... 277
B osto n . . . .
5,052 ......
5,479
B altim ore. 1,105
549 1,830 1,550 ...... ......
5.034
T h e E x p o r t s o p C o tto n from New Y ork this week show an
increase compared with last week, the total reaching 15,239
bales, against 9,074 bales last week. Below we give our
usual table, showing the exports of cotton from New York,
Total ....1 0 4 ,1 2 8 2,219 20,996 20,124 6 ,0 9 5 1,500
152 155,214
and the direction, for each o f the last four weeks; also the
total exports and direction since Sept. 1,1891, and in the last
Below we add the clearances this week o f vessels carrying
column the total for the same period of the previous year.
cotton from United States ports, bringing our data down to
EXPORTSOF COTTON (BALES) FBOM NEW TOBK SINCE SEPT. 1, 1891.
the latest dates:
Week E nding—
Same
p eriod
previous
year.
Jan.
15.
Jan.
22.
Jan.
29.
Total
since
Sept. 1.
L iv e r p o o l.................. 10,608
Other B ritish p o rts.. 3,055
5,710
2,392
6,354
820
8,026
2,219
206,972
44,268
207,552
36,753
T o t . to G t . B b it ’ n . 13,663
8,102
7,174 10,245
251,240
244,305
236
.........
230
.........
490
.........
16,970
20,428
202
Exported to—
Jan.
8.
H a vre...........................
O ther F rench p o rts..
480
.........
T o ta l F b e n c h ___
480
236
230
490
16,970
20,630
B r e m e n ............ .
H a m b u rg ....................
Other p o r t s ................
789
650
871
904
167
2,233
749
510
261
839
900
2,413
20,369
33,256
39,085
18,039
35,111
34,515
T o t . to N o . E u bope
2,310
3,304
1,520
4,152
92,710
87,665
Spain, Italy, & o.........
A ll o t h e r .....................
750
4,004
2
150
350
2
20,334
655
24,859
157
T o t a l Sp a in , A c ..
750
4,006
150
352
20,989
25,016
9,074 15,239
381,909
377,616
G r an d T o t a l . . . . 17,203 15.648
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 f C o t t o n at
New York, Boston, Philadelphia and Baltimore for the pait
week, and since September 1, 1891,
New Y o r k .
from —
B o st o n .
P h il a d b l p h ’ a
B alt im o r e .
This
This
TM»
Since
Since
Since
week. S ep t.l. week. Sept. 1. week. Sept. 1
This
Since
week. Sept. 1
N. Orleans. 5,109
Texas........ 2,702
Savannah. 10,086
2,174
Florida......
119
So. Carol'a. 1,309
No.Carol’a.
Virginia... 1,931
Northn pts
Tenn., Ac.. 4,775
F oreign....
251
252,804
218,015
228Ì329 1,300
5,197
4,791
86,109
28,840
124,279
869
66 18,038
49,083 4,033
4,676
100
52,838
5,274
2,282
48,000
42,746
269,959
67,130
1,901
8,152
1,031
46,994
1,511
87,409
398
40,935
1,286
G alveston —To L iverpool—Jan. 2 2 —Steamer Twickenham, 6 ,5 2 5 ....
Jan. 26—Steamer Manin, 5 ,7 42___Jan. 2 7 - Steamers Sandfleld,
5,416; Zoe, 5.864.
Ne w oblea ns —T o L iverpool—Jan. 23—Steamer Yesta, 6 ,7 5 0 .......
Jan. 2 5 - Steamer Copernicus, 6 ,2 0 0 __ Jan. 26—Steamers P ro
fessor, 4,750; West Indian ,4 ,5 4 2 ...J a n . 2 8 -S team er A stronom er,
6,550.
To H avre—Jan. 25—Steamer Bellova, 6 ,5 0 0 ....Jan. 27—Steamer
Soawfell, 5 ,5 3 8 ... Jan. 2 8 —Steamer Penpol, 3 ,0 5 2 ....Jan. 2 9 Steamer County of Salop, 3,067.
To Bremen—Jan. 23—Steamer Gerona, 7 ,2 0 0 ....J a n . 27—Steamer
Wennington H all, 4.558.
To Hamburg—Jan. 23—Steamer Helvetia, 400.
To A ntw erp—Jan. 2 3 —Steamer P ort Jackson, 1,603.
To B arcelona-Jan . 26—Steamer Hernan Cortez, 7,100.
To G en oa -J a n . 2 8 —Steamer Romsdal, 4,967.
Savannah —To O p orto—Jan. 23—Bark Audaoia, 300.
N orfolk —To L iverpool—Jan. 23—Steamer Madrid, 1 ,5 0 9 .... Jan. 2 7 Steamer Alisa Craig, 1.686.
West P oint —T o Bremen—Jan. 28—Steamer Barden Tower, 1,100.
Ne w po r t N e w s —T o L iverpool—Jan. 28—Steamer Madrid, 1,575.
B oston —T o L iverpool—Jan. 1 9 —Steamer Lancastrian, 2,7 74.......
Jan. 21—Steamer Lake Huron, 1,8 43___Jan 23—Steamer N orse
man, 1 ,1 6 1 ... Jan. 26—Steamer Bostonian, 509.
To A ntw erp—Jan. 2 3 —Steamer W andrahm ,------B a l t im o r e —To L iv erp ool-J a n . 18—Steamer Sobraon, 2 4 8 __ Jan. 2 0 Steamer Mentmore, 1,4 64___ Jan. 2 2 -S tea m er Bairow m ore, 64
___Jan. 2 6 —Steamer M ongolian, 2,021.
To Havre - Jan. 27—Steamer Prodano, 1,496.
To R otterd a m -J a n . 2 0 —Steamer Urbino, 2 5 0 ....J a n . 2 2 -S tea m er
Rubenstein, 146.
To A ntw erp —Jan. 1 8 —Steamer Ism ailia, 146.
Philadelphia —To L iverpool—Jan. 20—Steamer British Prince, 401.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
Sib W il lia m A rmstbong , steamer (Br.), from New Orleans for H avre,
with 5,300 hales of cotton, stranded Jan. 19, at Cobb’s Island,
about 25 m iles north o f Cape Charles. A oargo o f 685 bales o f
cotton arrived at Norfolk, Jan. 25. The ship lies in nine feet o f
water. It w ill require a haul o f 1,200 feet to float her, and her posi
tion is a perilous one in the event o f easterly weather. T w o o f
the Merritt W recking steamers are at w ork on her, and if good
weather prevails she w ill be floated In a few days. The rudder
and rudderpost are gone and she is leaking, but her pum ps are
keeping her clear and the cotton is not m uch wet.
Cotton freights the past week have been as follows:
1 Satur.
Mon.
Tues.
Wednes. Thürs.
Fri.
532
esa
“ 64
1164
U64
“ 84
61,501 4,195 183,020 Liverpool, steam d.
434,574 1,286
....
....
....
....
....
....
Do
b id ...ei.
374,742 1.987
44,652 7,022 155.920 Havre, s te a m ...d.
8 10
816
816
S16
816®782 816®732
....
__
....
....
....
Do
............ d.
....
SHIPPING N e w s , —The e x p o r t B o f cotton from the United
*4
H
H
*4
states the past week, as per latest m ail returns, have reached Bremen, steam .. d.
*4
732
....
....
....
....
....
D o via Ham.cL
....
155,214 bales.
Hamburg, steam .d.
732
7£2
782
7 2
732
732
Total bales
N e w Y o b k —To L iverpool, p er steam ers A nglia, 4 1 4 ....G a llia .
....
... .
....
....
....
Do
..........d.
29 7— St. Hubert, 1,150___St. Oswald, 1,087___ Taurie,
....
Amst’d’m, steam, d.
816®732 816®732 816®782 816®732 si 6 ® 7sa
4 ,1 09---- W yom ing, 9 6 9 ......... ..................................................... 8,026
....
....
....
....
....
I n d ir e ct...........d. 816®73î
To Hull, per steamer Francisco, 2 ,2 1 9 ......... ............ ................ 2,219
1 4 ®» a
19g j ^4® 932 *4®932
To Havre, per steamer La Gascogne, 4 9 0 ..................................
490 Reval, steam ___ d.
To Bremen, per steamers Eider, 739 ... H avel. 1 0 0 ...............
839
....
....
....
....
....
Do
................ d.
T o Hamburg, per steamers Amalfl, 5 0 ___Dania, 200 . . .
38
30
38
38
38
38
Forest Holme, 5 0 ___Rhaetia, 6 0 0 ...........................................
900 Barcelona,steam d.
T o Antwerp, per steamers Friesland, 3 7 9 ___Othello, 386
Genoa, s te a m ...d. iSgt® J4
1B64
1564
156 i
1564
1564
. . . Parkfleld, § 0 0 .... St. Marnook, 1 ,1 4 8 ...............................
2,413 Trieste, stea m ... d.
1764
176i
“ 64
1764
1764
932
T o Genoa, per steamer Werra, 3 5 0 .............................................
350
96i 3
96*
9 64
96i
964
T o St. Pierre, Martinique, per schooner Jeremiah Smith, 2 ..
2 Antwerp, steam .d. 9« 1 ® ®S S
This year 28,470 1,002,389 19,349
Last year.. 29.136 844,633 18.526
L iv e r p o o l .— B y ca b le fr o m L iv e rp o o l w e h a v e th e fo llo w in g
»statem ent o f th e w e e k ’ s sales, stock s, See . , at th a t p o r t:
BaleS o f the w eek............ bales.
O f w h ich exporters t o o k ....
O f w h ich speculators t o o k ..
Bales A m erican..........................
A ctual ex p o rt..............................
Total stock—E s t im a t e d .......
Of whioh A m erican—Estlm’ d
Total im port o f the w e e k .........
Of w h ich A m erican..............
A m ount afloat........... .
O f w hich A m erican................
Jan. 8.
Jan. 15.
52,000
2,000
5,800
45.000
6,000
75.000
1.467.000
1.236.000
121,000
95.000
380.000
370.000
63.000
2,800
9.000
56.000
6.000
64,000
1.545.000
1.307.000
148.000
133.000
315.000
305.000
Jan. 29.
54.000
47.000
3.000
1,600
4.000
2,700
46.000
38.000
4.000
7,000
81.000
82.000
,614,000 1.653.000
,371,000 1.411.000
153.000 128,000
137.000 114.000
260.000 245.000
250,000 235.000
The tone of the Liverpool market for spots and futures each
day of the week ending Jan. 29, and the daily closing prices
of spot cotton, have been as follows:
Saturday Monday. Tuesday. Wednes. Thursday. Friday.
Spot.
Fully
Fully
Market, ?
Harden’g. supported
1:45 p. M. j malnt’ned
4%
4%
M id.Upl’ds.
8,000
1,000
Bpeo. & exp.
Futures.
Quiet at
Market, ? partially
1:45 P. M.J 1-84 dec.
M arket, ?
4 P. M. J
4%
Quiet.
4%
Moderate
demand.
Quiet.
4%
10,000
1,000
5,000
500
8,000
500
8,000
500
8,000
1,500
Barely
steady at
i-64 dec.
Easy at
5-64 de
cline.
Very
steady at
2-64 adv.
Dull.
Quiet at
2-64 de
cline.
Very
steady.
Easy.
Barely
steady.
Quiet.
Firm.
Barely
steady
The opening, highest, lowest and closing prices of futures at
Liverpool for each day are given below. Prices are on the
basis of Uplands, Low Middling clause, unless otherwise stated:
S a t., J a n . 2 3 .
Feb.-Mch...
Mch.- April.
Aprtl-May..
May-June..
June-July...
July-Aug...
August......
Aug.-Sept..
Sept.-Oct...
January.....
Jan.-Feb....
Feb.-Mch...
Mch.-April.
April-May..
May-June..
June-July...
July-Aug...
August.....
Aug.-Sept .
Sept.-Oct...
213
THE CHRONICLE.
J a n u a r y 30, 1892.]
M on ., J a n . 2 5 .
T u e s .. J a n . 2 6 .
Open High Low. Clos. Open High Low. Otos. Open High
a.
ft.
ft.
ft.
A.
A.
A.
A.
A.
d.
4 08 4.06 4 06 4 06 4 07 4 07 4 07 4 07 4 02 4 02
4 06 4 06 4 06 4 06 4 07 4 07 4 07 4 07 4 02 4 02
4 06 4 07 4 06 4 07 4 0 7 |4 08 4 07 4 08 4 02 4 03
4 09 4 10 4 09 410 4 11 411 4 11 411 4 05 4 06
4 12 413 412 413 414 414 414 414 4 08 4 09
4 15 416 415 416 4 17 417 417 4 17 411 412
419 4 22 419 4 22 4 20 4 20 4 20 4 20 414 4 15
4 22 4 22 4 22 4 22 4 23 4 23 4 23 4 23 417 418
424 4 25 4 24 4 25 4 26 4 26 4 26 4 26 4 20 4 20
Low. Clos
A.
4 01
4 01
4 01
4 04
4 07
4 10
413
4 16
419
A.
4 01
4 01
4 01
4 04
4 07
4 10
413
417
419
Indian corn declined early in the week, owing to the e x
cessive quantities marketed at the West, for which there was
only a moderate demand, whether for export or home u se.
But on Thursday there was a recovery in values, owing to a
freer export movement and some abatement in the deliveries.
It became evident that farmers would not market their crops
at recent low prices. To day spot prices were rather firmer,
but contracts for the spring months did not sustain an
early advance. The dearer prices on the spot checked the
export demand, but No. 2 mixed brought 51%c. afloat, and
steamer mixed 49J^c.@49^c. in elevator.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Wed.
Thurs.
Mon.
Tues.
Sal.
49%
48%
48%
48%
February delivery.........e. 49%
40%
48%
48%
48%
M arch d e liv e r y ............... o. 49%
48%
49%
48%
48%
A pril delivery................. o. 49%
49%
48%
48%
48%
May d e liv e r y .................. c. 48%
48%
47%
....
48
Jane delivery.................o. 43
48%
__
....
48
Ju ly delivery................. o. 48
F ri.
4 t%
49%
49%
49%
....
....
Oats declined sharply under increasing supplies, but this
morning opened at a smart recovery, which, however, was
not sustained.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Wed. Thurs.
Mon.
Tues.
Sat.
35%
35
34%
35 t
36
February delivery..
3H%
35%
35%
35%
..O.
March d é liv e ry ....
36%
37%
36%
36%
36%
M ay d e liv e r y ......... .
F ri,
35%
36%
37
Rye has materially declined, with more activity at the re
duction, including 40,000 bushels No. 2 Western at 9434c.
afloat and 94c. for early arrival. Barley is partially lower,
No. 2 Milwaukee going at 69(§70c. and six-rowed State at 71c.
Buckwheat met with some renewal] of export demand at
the recent decline, 10,000 bushels being taken at 57c.
The following are closing quotations :
FLOUR.
Pine
............ « bbl. $2 50® $3 15 Patent, w inter............$4 7 5 ® $ 5 00
S u p erfin e................... 3 00 ®
3 35 City shipping extras. 4 90 ® 5 00
E xtra, No. 2 .............. 3 50®
365 R ye flour,superfine.. 4 40 ® 4 75
425
F ine. 3
65® 4 10
E xtra, No. 1 .............. 5 80®
Clears ........................ 4 20®
4 60 Corn meal—
4 85
Western, A c. 2 95 ® 3 10
S traigh ts.................... 4 50®
Patent, spring............ 4 85® 5 15
B r a n d y w in e ........ 3 2 0 ^ 3 2 5
Buckwheat flour per 100 lbs., $1 65 ® $1 75.
[W heat flour in sacks sells at prices below those fo r barrels.]
GRAIN.
Corn, per bush.—
O.
0.
Wheat—
West’n m ix e d ....... 46 ® 51%
. 90 ® l 07
Steamer No. 2 ........ 49 ® 50
.1 0 2 ® 1 03%
48 ® 52
. 87 ® 1 05
Western w h it e ___ 47 ® 52
. 93 ® 1 03
Rye . 35% ® 38
OatsWestern, per bush. 92 ® 94%
. 3 7 % » 42
8tate and J ersey.. 90 ® 95
. 36% ® 37
. 38% ® 39% B arley—No. 2Wes t’n. 69 ® 71
State, 2 row ed . .. 63 ® 65
. 55 ® 58
State, 6 row ed........ 68 ® 72
The movement o f breadstuffs to market is indicated in the
statement below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at
F r l., J a n . 2 9 .
T h u rs., J a n . 2 8 .
Western lake and river ports, arranged so as to present the
W e d ., J a n , » 7 .
comparative movement for the week ending Jan. 23, 1892,
Open High Low. Clos. Open High Low. Oíos. Open High Low. Clos. and since August 1, for each of the last three years:
A.
4 02
4 02
4 02
4 05
4 08
411
414
417
4 20
d.
4 02
4 02
4 02
4 06
4 09
412
415
4 18
4 20
A.
4 00
4 00
4 00
4 03
4 06
4 09
412
415
418
A.
ft.
4 00 4 02
4Ó0 4 02
4 01 4 02
4 01 4 05
4 07 4 08
410 411
413 414
416 417
418 419
ft.
4 02
4 02
4 02
4 05
4 08
411
414
417
4 19
A.
4 01
4 01
4 01
4 04
4 07
410
413
41«
418
A.
4 02
4 02
4 02
4 04
4 07
410
413
418
418
A.
4 00
4 00
4 00
4 03
4 05
4 08
411
414
417
A.
4 00
4 00
4 01
4 04
4 06
4 09
412
415
417
A.
A.
4 00 4 00
4 00 4 00
4 00 4 01
4 03 4 04
4 05 4 06
4 08 4 09
411 412
4 14 4 15
417 417
B R E A D S T U F F S .
F r id a y , January 2 9 ,1 8 9 2 ,
The markets for flour and meal were quite firmly held early
in the week in anticipation of a war with Chili, but on Tues
day and Wednesday were quite depressed by the more peace
ful aspect of affairs, and yesterday developed steadiness in re
sponse to the better grain market. To-day the market was
dull and prices were barely steady at our revised quotations.
The wheat market has been quite variable as to prices, as
well as unsettled in tone. The Chilian troubles early in the
week caused an advance. Their prospective peaceful ad
justment caused on Tuesday some decline. The resumption
of free buying for export on Wednesday caused a steadier
market, supported by smaller receipts at the West in con
junction with reports of some injury to the fall-sown crop by
severely wintry weather. There was a large export business
on Wednesday and Thursday, including No. 2 red winter at
$l*02j^(g)$l*03%, in store and afloat, and No. 1 Northern
¡spring at $ l ’04%, afloat. To day the market was again ac
tive for export, Nr». 2 red winter going at $ 1 * 0 3 f. o. b., but
there was a slight decline in speculative values, under sales
to realize.
DAILY CLOSING PRICES OP NO. 2
Sat.
Mon.
February d e live ry ... . . . 0 . 102% 103%
103% 104%
March d e liv e ry .........
103% 104%
April delivery..........
102% 103%
M av d elivery .. . . . . . . .
101% 101%
J une d elivery....... ...
J u ly d e l i v e r y .....,..,
99%
99%
RED WINTER WHEAT.
Tues.
Wed.
Thurs.
102% 102
102
103% 102% 102%
104% 103% 103%
102% 102
102%
101% 100% 100%
99%
98%
98%
Fri.
102%
102%
103%
101%
94%
98%
Oats.
Com.
Wheat.
Flour.
Bbls.imb Bush.dOlb- 3uih.5e lb Busíi.32 lb»
972,916 l,t20,860
397,431
117.387
Chicago......
99,000
37,610
151.350
60,555
Milwaukee..
173,558
Duluth.......
788,340
Minneapolis.
2,500
153,100
60,200
1,400
Toledo.........
31,852
18,377
38,475
2,753
Detroit.. .
36,016
11,906
23,100
4,646
Cleveland....
238,615
84,386
251,356 1,353,090
3t. Louis....
261,000
534,
6
C
K
14,500
3,600
"'eorla........
224,727 1,898,310 3,086,599 1,837,843
Tot.wk. ’92
189,474 1,400,376 1,156.660 1,464,836
3ame wk.’91.
221,515 1,072,667 3,115,951 1,173,722
Same wk.’OO.
Since Aug. 1.
1891-92...... 6,315,652 152,e39,071 59,861,243 57,401,343
189C-91...... 5,751,687 69,923,369 47,139,808 50,531,088
6,270,132 83,610,707 80,739.859 45,389.707
1889-90....
Receipts at—
Barley.
Rye.
BushAH lb Bu. 56 lb»
392,061
81,879
15,129
263,400
2,900
10,667
1,500
98,000
40,800
2,300
10,452
806,438
632,505
558,414
113,149
103,053
100,453
20,948.144 12,393,034
22,687,643 2,668,953
16,959,320 3,975,496
The receipts o f flour and grain at the seaboard ports for tt e
week ended Jan. 23, 1892, follow :
F lour,
bbls.
A t—
New Y o r k .... .148,240
B o s t o n ....... . 66,098
Montreal....... . 6,019
Philadelphia. . 75,418
B altim ore.. . . 88,534
Richmond* . . 3,650
New Orleans. . 13,329
Corn,
Wheat,
bush.
bush.
617,250 825,375
133,121 1 0 2 6 3 1
600
23,081
12,556 823,156
82,403 1,058,802
10,764
6,515
325,795 220,880
R ye,
B a rley,
Oats,
bush.
bush.
bush.
674,450 150,750 143,375
9,925
6,463
108,360
1,498
48,312 10,425
125,326
4,016
15,000
12,721
3,000
23,206
Total w eek.. 401,278 1,200,721 3,042,258 1,012,375 171,100 158,352
Cor. week *91.258,929 243,549 499,063 467,936 155,837 15,719
* Last w eek’ s receipts; this w eek’s not received.
Below are the rail shipments of flour and grain from
Western lake and river ports for four years:
1892.
Week
Jan. 23.
402,457
1891.
W eek
Jan. 24.
353,291
1890.
Week
Jan. 25.
319,717
1889.
Week
Jan. 26,
259,264
bush. 917,963
W heat.........
C orn ............ ............... 2,948,209
O a t s ... ..... .............. 1,522,076
360,507
B a r le y ...... ..............
122,736
Rye.............. ..............
671,682
1,007,»79
1,176,993
224,603
96,451
372,782
3,896,647
1,331,804
347,8 16
82,034
493,352
764,091
666,295
350,658
52,594
3,177,608
6,031,213
2,326,990
F lo u r .......... ....b b l s .
T o t a l. . . ................5,871,491
214
THE CHRONICLE
[V O L . L I V .
The exports from the several seaboard ports for the w-eb
ending Jan. 23, 1892 are shown in the annexed statement:
home account and for export. Prices are not quotabhr
changed, but are in buyers’ favor in many instances fo r
standards, three-yard and some four-yard makes. Bleached
E xports
Peas.
Wheat.
Oom .
Bye.
Flour.
Oats.
shirtings were much more active in movement against back
fr o m —
orders than in current request, and agents are, in a number
Puah,
Bush.
Push.
Bu*h.
Phis.
Push.
of cases, more anxious to meet buyers than they were a little
New York 734.727 900,817
40,390
87,427 222.239 176,550
B o sto n ... 155,314
33,592 while ago. Colored cottons continue steady and in moderate33,807
3,627
56,442
39,956
Portland
8,6e5
16,178 supply. Fancy white goods, on the other hand, are abuniant
. .. . ..
......
N orfolk.. 115,423
and in excess of the demand, except in finest makes, and
P h llad el.
1,195,314
46,056 165,000
Baltlm ’re 300,373 954.218
350 buyers can often make their own terms for low grade goods.
71,638
The poor Southern business is telling upon these with excep
N. Orl’ns. 403,315 162,463
16,000
5.419
N .N ew s.. 197,818
36,260
tional severity. Standard fancy prints and printed special
B lchm ’d .
ties were quiet so far as new business was concerned, but
■Jot.week. 1,995,665 3,251,619 303,242 426,186 196,177
90,510 printers are still far from having completed their first round
S’ me time
of orders. Wash goods were also quiet at first hands, but
1 8 9 1 ... 323,139 300,100 149,421
13,230 jobbers, through salesmen on the road, are moving consider
5,082
Tne visible supply o f grain, comprising the stocks in granary able lines. Print cloths are still quoted at 3 l-16c. per yard
at the principal points of accumulation at lake and seaboard for 64 squares but there are more buyers than sellers thereat.
Stocks at Fall River are now reduced to a nominal figure.
ports, Jan. 28. 1892: 8
Wheat,
Corn,
Oats,
In store at—
bush.
bush.
bush.
N ew Y ork .........
6,035,712 1,626,538 1,303,133
D o a flo a t.....
328,000
A lb a n y ................
19,400
5,500
Buffalo ......... .
2,824,414
49,109
12,967
D o afloat.......
398,916
Chicago
. . . . . 9,160,582 1,408,679 747,603
Do
a flo a t....
3 2 ',8 8 1
M ilwaukee......... .
482.604
8,349
18,757
Duluth . ............ 7,195,839
Do
afloat___
400,703
T o le d o ................. 1,559,691
315,585 128,129
D etroit..................
817,947
9,485
11,3 0
O sw ego................
20,000
St. Louis. _____ 3,012,920
547,972 195,300
Do
a flo a t...
65.000
C in cin n ati..........
2,000
21.000
B oston..................
192,052
214,414
51,459
T oron to................
107,841
800
21,838
M o n t r e a l.........
472,554
600 111,698
Philadelphia___ _
388,811
994,438 349,342
Peoria......... .
17,088
624,190 306,510
Indianapolis____
13,357
21,000 174,805
Kansas C ity.......
840,561
132,681
72,936
B altim ore_______
96,129
658,878 1,185,278
Minneapolis......... 8,374,878
90,495
33,226
On canal & river.
Tot. Jan. 23 92
Tot. Jan 16.’ 92.
Tot. Jan. 24, 91.
Tot. Jan. 25,’90.
Tot. Jan. 26,'89.
Rye,
bush.
848.831
16,000
19,600
129,591
B ar ey.
bM&tfb.
132,709
71,300
9,800
617,861
579,203
93,332
94,868
261,311
27,074
90,773
59,298
37,480
95,000
52,862
11,710
106,000
9,549
101,390
76,156
17,000
7,116
16,896
8,593
16,874
46,627
103,282
7,500
162,038
17,000
43,717,229 7,219,013 3,647,682 2,083,262 1,861,362
44,090,200 7,732,678 3,511,864 2,130,370 1,792.182
24,263,233 2,675,435 3,475,080 418,126 3,381,470
31,943,604 11,666.722 4,867,939 1,420,113 1,948,819
35,595,734 13,227,609 8,120,300 1,634,414 2,378,766
T H E DRY GOODS TRADE.
Ne w
Y
o r k
,
F riday P. M ., January 2 9 ,1 8 9 2 .
312,000
e
at
g
A
p P p P
••Q
ft*
© 0 0 © © 0 f
•*3 0 » if* © 00
© 0 5 tO ^4 GO
*
Since Jan. 1 ,1 8 9 2 .
©
M
?
Week E nding
Jan. 28, 1892.
to
2
*
H
te
ft
*
2
1
*
p
Of
©
©
à
55
00
a
*
H
M
C
iz
Since Jan. 1 ,1 8 9 1 .
?
c
ft
1
0»
Week E nding
Jan. 29, 189Ï.
«Ci
$
p p
J
$
p M
M
©
2,475,162
1.900,655
2,899,798
1,152,735
1,348,605
t o 00 r * - I C O
O»
M
00
Of
w
00
©
Of
M
94,063! 1 9 ,7 7 6 ,9 5 5 1
H ^ w a c o
o
277,098
165,713
119,659
87,900
17,288
to
t
W
00
M
00
$
©
MO» tOOf <|
tO© ©
to MMto M
© M
05
M
GO
<1
Value.
m
©
he
1
CO
Of
PPPPJ^
coof coVno
to 000500 Of
<1GO <1Of -3
656,292
460,767
765,527
264,124
452,501
1,030,396
678,179
616,557
381,124
65,327
0»
©
Of
©
to
M
2,014,174 1,724
1,840,787 1,894
3,162,147 1,743
1,262,860 3,896
1,338,980 42,153
2,771,583
9,776,955
M
©
00 MtO© tO
MM©Of O»
©
W
a
H
IS
R
te
t
*0
S’
ft
CO M M M M
W M e W k
586,556
394,866
590,070
282,315
292,612
M fc O © C fc * 4
Of < | ^ | © O f
tO © M OC CO
to
p
M
M
p
M anufactures o f —
W o o l .....................
C o tt o n .................
S i l k .......................
.....
F l a x . .......
M iscella n eou s. . . . .
102,9121
i* S °
© 00
© M
w ©
05
M
0<
p
-I y>teooco
cr-9 0?to
. 1,773,604
908,681
799,499
408,296
136,221
05
p
00
©
©
4,026,301 2,130 667,658
9,618,948 51,410 (a,599,211
M
co
W IT H D R A W N F R O M W A R E H O U S E A N D T H R O W N IN T O T H E M A R K E T .
577,941
283,661
196,256
104,013
45,801
COp HW ^
coVViMto
tOCJ*©M<l
M ©GO© tO
p
HM
Of Of M©Of
MQO00 tOOf
tO©05 0500
14,900 !
95,924
WOO © tO O *
©UO M © M
M W O »M W
110,824
p p
O» cop
©M
to Of<|
to MM
pH
w
CO MtO
Of M©
pp
M
©
'M©
©
M<1
M
©to
T o t a l ................. 1 8,951
M anufactures o f—
W o o l .....................
C o tt o n .................
S ilk .......................
F l a x ____ . . . . . . . .
M iscellaneou s .......
T o t a l .................
Ent’d fo r consum pt
Of
H tO
E N T E R E D F O R W A R E H O U S E D U R IN G SA M E P E R IO D .
M
o
CO
©
©OOMOfvl
cr © © co ©
MOf©<x>o«
277,633
151,524
119,080
135,935
29,003
CO
QD
©
921,416
785,928
910,217
363,831
149,239
m
p
Total on m a rk e t. . .
168,099
157,464
108,682
37,676
32,520
1
The value o f the New York exports since January 1 have
been $685,210 in 189 a" inst $921,694 in 1891.
Brown Sheeting havesheen in irregular demand, both on
.
22,701
Mannfactnres o f—
W o o l .....................
C o tt o n ..................
S ilk .......................
F la x ...................
M iscellaneous.. . . . .
8,822
pH pp
OOMrf*©tO
05CD<100 CO
©<105 00CO
2,697,906
9,7 76,9 55
T o t a l ............................... 4,241
15,256
* F rom New England m ill p oints direct.
f i
ce
1 12,474,861 1
16,801
5,900
HHWOlfBSHM S
CD03COO If-
MM
©M
© **
9,912
94,063
2,922
5,900
4,241
'" i
359
21
82
719
46
P
MOf
M
3,130,631 I 3,198 713,175
9,618,948 51,410 2,599,211
12.256
3,000
T ota l......... ........................
China, v ia V an cou ver.........
25
321
2,566
361
184
81
573
28
363
76
8,696
1,793
670
134
1,514
141
660
2,642
112
787,000
I m p o r t a t io n « o f D r y G o o d s .
9,754
95,924
38
2
1,354
300
p
©
Of
p
00
©
©
105,678 1 12,749,579 154,608
Week. Since Jan. 1.
265
141
1,512
604
321
2,599
1,767
515
665
3,646
221
■ ~*¿ >
1
49
46
238,000
1890.
Jan. 25.
294,000
15,000
3,000
The importations of dry goods at this port for the week
ending Jan. 28, 1892, and since Jan. 1, and the same facts
for the corresponding periods o f last year are as follow s:
1,698
8,951
Week. Since Jan. 1.
Great Britain..........................
Other E uropean......... ..........
China........................................
In d ia .........................................
A rabia................ .....................
A frica ......... .............................
W est Indies......... ...................
M ex ico......... ................. .
Central A m e r ic a ...................
South A m e r ic a ................. ....
Other c o u n tr ie s ....................
1891
°
1891.
Jan. 24.
321,000
466,900
None.
improvement noted last week
has been well sustained, and under the invigorating influence
of ^extreme cold the demand for heavy-weight goods from re
tailer up to manufacturer has expanded. The local trade has
been _in the market this week to some purpose, and with the
interior and far West and Northwest again placing good
orders, business has been more active than for a very long
time past. While the chief request has been for overcoat
ings, suitings and trouserings have done well. In these,
low and medium-priced lines, with style to recommend them,
have figured prominently, cheviots and friezes from $1 25 up
wards selling freely, with all worsted and mixtures from $1 50.
Cotton-warp, cassimeres and satinets have been in fair de
mand, but doeskin jeans are still neglected. Fancy cloak
ings are in free request. All-wool and worsted dress goods
continue well sold up and very steady in price. The cold
weather has caused more freedom in re-orders for flannelsand blankets, which have moved more readily than of late.
F o r e ig n D r y G o o d s . —Both seasonable goods and spring
assortments have been in fair request during the week, al
though in the latter, specialties in fancy drees goods in allwool and worsted makes and in silk fabrics practically
monopolize attention to the exclusion of staple lines. Printed
silks are in extensive request. In men’s wear woolen and
worsted goods a considerable number of orders have beenplaced for fine overcoatings and fancy suitings. Linen
goods of all descriptions are firm, with decidedly moderate?
supplies coming forward.
T o t a l .................
Ent’ d fo r consam.pt
1892
N e w Y o r k to J a n . 26.
Total stock (p ieces)..............
D o m e s t ic W o o l e n s . —The
T otal at the p o r t ... 110,649
The demand for all classes of cotton goods has been slow
duting the week at first hands and the volume of new busi
ness instead of increasing, as expected, compares unfavora
bly even with recent dull trade. This is not easily explained,
as the number of buyers from widely separated points now
in the maiket is fully up to the average for the time of year.
Yet for some cause or other buyers appear to content them
selves with looking around and placing a small order occa
sionally. Good deliveries of bleached cottons and printed
goods are being made against previous transactions, the for
warding department being in fact the only division in which
any semblance of activity is noticeable. The tone is generally re
ported unchanged, and no quotable alteration has been made
in prices; but at the sam etim e.it is not difficult to detect
here and there an easier tendency in staple lines of domestics,
other than colored goods, as agents who were not fortunate
enough to get well under contract last month see stocks accu
mulating. It may be that this is encouraging buyers to hold
off in anticipation of the tendency becoming more pro
nounced and business at a decided decline proving practica
ble. The jobbing trade has been almost entirely confined to
filing mail orders. The extreme cold of part o f the week
reduced spot attendance to very slim proportions, and per
sonal selections all round have been insignificant. Collections
are generally steady, but as previously noted, irregularity is
complained of in some Southern sections.
D o m e s t ic C o t t o n G o o d s . —The exports o f cotton goods
from this port for the week ending January 28 were 4,241
packages, valued at $244,271, their destination being to the
points specified in the table below:
1892
Stock o f P rin t Oloths—
Jan. 23.
Held b y Providence m anufacturers. 206,000
Pall R iver m a n u fa c tu r e r s ....... . . . . 32,000
Outside speculators (est)...................
None.
«H
>
»
s
H
to
>
oc
C£
M
THE CHRONICLE.
J a n u a r y 30, 18&3.J
State
and
2 !5
held in the sinking funds. The following shows the debt,
City B etotmewt. assets,
&c., on the 1st of October of each of the last two years
as now reported:
T E R M S O F S U B S C R IP T IO N .
1891.
B onded debt (inol. w ater d ebt)...................... $10,776,250
1890.
$9,091,250
Com m ercial and Financial C H R O N IC L E con Floating debt...................................................... 1,598,693
1,528,693
tains 40 to 64 pages published every week.
Total d ebt.................................................... $12,374,943
$10,619,943
2,402,964
State and City Supplement of C H R O N IC L E con Sinking funds, & c................... ........................... 2,669,302
Net debt on O ctober 1 ....................................... $9,705,641
tains 184 pages published several times each year.
$8,216,979
W ater debt (included ab ove).......................... $6,553,000
Investors’ Supplement of C H R O N IC LE (a Cyclo
The increase in net debt of $1,488,662 during the year 1891
paedia of Railroad Securities) contains 160 pages published was mainly due to the construction of sewers and the building
«every other month.
_____ ____
Subscription to CHRONICLE for one year $10.00,
which includes every issue of both S u p p l e m e n t s .
of school-houses, all of which, as Mayor Potter says, were not
merely improvements but necessities, and will be a permanent
benefit to the city.
P a w t u c k e t . —The
following report of Pawtucket’s debt o n
T b e purpose o f tbis State and City D epartm ent December 1 1891 we take from Mayor Carroll’s inaugural
is to furnish our subscribers with a weekly addition to and
«continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ States, and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e
m e n t on the page designated at the head o f each item a
reference to the page where the item in the C h r o n i c l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
CITY
address:
Net debt, general accoun t................. ........................ $1,021,411
Net debt, sewer accou n t..............................................
328,075
Net debt, w ater accoun t.............................................. 1,250,639
Net city debt D ecem ber 1 1 8 9 1 ................................................$2,600,125
Increase o f debt during 1891—
Sewer account, construction.......................................
$49,000
General accoun t................................................. ...........
219,159
T otal........................................................................... $268,159
Less decrease in w ater d ebt........................................
1,024
T otal net increase 1891.......................... ..................................
267,135
Net city debt D ecem ber 1 1 8 9 0 ................................................$2,332,990
The city’s assessed valuation is reported to have increased
$700,000 during the past year.
W o o n s o c k e t . —Mayor Daniel B. Pond in his inaugural
stated that the receipts for the year ending Dec. 11891 had
been $820,369 44, while those for the previous year were $510,860 82, leaving an increase of $309,508 62 for the year. This
increase of receipts is substantially accounted for by an in
crease in the loan account of $100,000 and by the sale of city
bonds amounting to, including the premium received, the
sum of $304,413 11. These bonds were issued on account of the
Water Works Department—$100,000 to take up the floating
debt of like amount and $100,000 to cover proposed permanent
improvements.
W e received on Jan. 27 from City Treasurer Samuel P.
Cook much fuller information concerning the city’s finances,
and we correct and give below such portions of the report
contained in our S t a t e a n d C i t y S u p p l e m e n t as need altera
tion. The details of Woonsocket’s bonds outstanding at
present are as follows :
FINANCES IN RHODE ISLAND.
The mayor in each of Rhode Island’s four cities has reported
the financial condition of his municipality since the beginning
o f the present year. It is interesting to note that the debt of
Pawtucket is nearly 10 per cent of its assessed valuation, the
•debt of Providence about 7 per cent of its valuation, that of
Woonsocket nearly 6 per cent of the valuation, while in New
port the municipal debt is much less than 1 per cent of the as
sessed valuation, The difference in the case of Newport is
largely owing to the fact that this city is supplied with water
by a private company, whereas the other three have built and
operated their own water works, for which they have incurred
•debts of a considerable amount.
N e w p o r t . —The new Mayor of this city, Samuel R. Honey,
says in his inaugural that although Newport ranks second of
all Rhode Island cities and towns in the valuation of real and
personal property for purposes of taxation, it ranks last of the
LOANS—
«— Interest.— ,
-P rincipal,When Due.
cities, both in respect to its population and to its bonded debt. NAME AND PURPOSE.
Bate Payable.
Outstanding.
Funding bonds, “ A ” .1 8 8 4 .. 4
J & D
Deo. 1 ,1 8 9 2
$120,000
Mayor Honey’s address contained no figures concerning the
($10,000 yearly.) to Dec. 1 ,1 9 0 3
do
do
“ B ” .1 8 8 7 .. 4 F & A
Aug. 1, 1907
200,000
city’s finances, but William G. Stevens, City Clerk, has sent
W ater bon ds......................... 4
A &O
Apr. 1 ,1 9 1 5
I 300,000
us this week a copy of the report in our S t a t e a n d C i t y S u p
Subject to call after A pr. 1,1895
w orks, fu nding__ 4
M & N Nov. 1 ,1 9 1 6
100,000
p l e m e n t , which he has corrected to date.
W e give below the W ater
do
im provem ’t 4 M & N Nov. 1 ,1 9 1 1
100,000
bond table and total debt statement.
The subjoined statement shows Woonsocket’s total munici
LOANS-— Interest.— i ,----------- P rincipal,-----------, pal debt, the sinking fund held by the city against the same,
NAM E AND PURPOSE.
Bate. Payable.
When Due. Outstanding.
RR. aid ,N .& W . R R .& S .B . Co. 6
A &
OA pr. 1, 1895
$48,000 the water debt, and the city’s floating debt, on the first of De
S chool house............................... 4
M &
SMch. 1, 1905
30,000 cember of each of the last three years.
.............................. 4
do
J &
D Dec. 1, 1906
16,000
I
do
...............................
S e w e r s ........................................
do
.........................................
do
and street im provem ’t
4
4
4
4
J
M
F
A
& J July 1 5 ,1 9 0 9
&
N N ov. 1, 1916
&
A Feb. 1, 1918
& O A pr.15, 1921
16,000
35,000
98,000
70,000
The subjoinedstatement shows Newport’s total municipal
Bonded d e b t..
Floating debt.
1891.
1890.
1889.
,$820,000 $630,000 $640,000
. 25,000
105,000
65,000
Total d ebt............................................... $845,000 $735,000
Deduct sinking fu n d s.................................. 79,943
59,626
Cash and unpaid taxes. . ............................ 30,285
29,987
$705,000
48,431
35,580
debt and the sinking fund held by the city against the same
on the 1st of January of each of the last three years.
Net debt on Decem ber 1 st................... $734,772 $645,386 $620,989
-LOisju.
1891.
W ater debt included a b o v e .......... ...........$500,000 $300,000 $300,000
1890.
T ota l funded d ebt................................ $313,000
$243,000
$243,000
The city owns real estate and personal property valued at
Sinking fu nds....... .................................. 44,363
26,876
35,447
$764,242. Woonsocket’s assessed valuation (about % actual
Net debt on January 1 ..................$268,637
$207,553
$216,124
value) and tax rate for a series of years have been as follows :
The sinking fund receives yearly $9,000.
W e were informed last year by Mayor Thomas Coggeshall
that property in Newport was assessed at from 50 to 60 pe r
cent of its actual value, and that statement was made in our
S u p p l e m e n t . City Clerk Stevens now writes us that although
the above may be practically correct it is not technically so ,
as the law requires that the assessment be made at actua 1
market value. The city’s valuation for this year will not be
made up until some time in March.
P r o v i d e n c e . —In that portion of Mayor Potter’s address
which was devoted to finances, he gave the city’s debt and
assets on Sept. 30 1891, that being the close of the last fiscal
year. The statement in our recent S u p p l e m e n t was corrected
by one of the city officials to the same date, but we notice in
the present report a transfer of $400,000 from floating to
bonded d e b t, and a difference of $36,516 in stating the amount
Beal
Years.
Estate.
1891....... .......... $10,989,700
18 90.................. 8,587,000
18 86...................
.............
18 82..........................................
Personal
Property.
$1,777,850
1,827,680
............
.............
Bate o f Tax
Total.
p er $1,000.
$12,767,550
$13«50
10,414,680
13-50
9,511,185
1300
9,083,880
12-20
In reference to the city’s financial standing, Mayor Pond
writes as follow s:
“ When the appropriations and expenditures for certain per
manent betterments, and especially the water works construc
tion improvement and Manville extension accounts, are taken
into consideration, it will be seen that there is no increase of
our debt for current expenses. In fact, that we have more
than paid our ordinary expenses. I wish to emphasize this
point, because the impression prevails in the minds of some of
our citizens that we are not paying our current expenses as we
go along.
“ The financial condition of our city is certainly gratifying,
and the taxpayers may be pardoned if they contemplate the
situation with some degree of complacency. To recapitulate
THE CHRONICLE.
216
Our floating debt is substantially wiped o u t; instead o f hay!11?
a large number o f notes upon the market at possibly high
rates of interest, the debt is consolidated in a long loan at a low
and fixed rate of interest. The permanent improvement and en
largement of the water works is provided for in a similar way.
Our receipts exceed our current expenses, and in this respect
we are upon the 6ound basis advocated by many of our citizens
o f ‘ Pay as you go.’ ” ______ ___________
BUFFALO'S FINANCIAL STATEMENT.
Mayor Charles F. Bishop, of Buffalo, began his official duties
with the first of January. In his inaugural he gave a very com
plete statement of the city’s finances. From it we learn that the
city paid,of its bonded debt in 1891 a total of $637,846 98; that new
bonds were issued during the same period reaching $700,510 35;
consequently the bonded debt has increased $62,663 37 during
the late year. In the following statement of the city s total
debt and sinking funds the figures for Jan. 1 1892 are taken
from the Mayor’s message while those of the previous year are
as published in our State and Cit y Supplement .
Jan. 1 1 8 9 2 .
T otal funded debt (including w ater d e b t)— $10,049,400
271,539
Sinking fu n d s..... ..............................................
Jan. 1 1 8 9 1 .
$9,986.736
280,457
Net debt on Jan. 1 . . . . ............. ................ $9,777,861
W ater debt (included a b o v e ) ....................... $3,435,882
$9,706,279
$3,435,882
The Mayor states the purpose and amount of each loan in
cluded in the present bonded debt as follows :
W ater l o a n . . . . . . ....... . $3,435,882 School lo a n ..........................$347,500
1,645,000 D eficiency loan ,................ 165,000
Park lo a n ......................
80,000
725.000 Market lo a n ..... ................
City and County H all.
1J§*000
752.000 Plank road lo a n ..........
Buffalo & Jam est’ n RK
70,000
600.000 Court-House loa n ............
B. N. Y . & Phil, R R ....
50,000
675.000 Chicago fire lo a n ............ Trunk sew er.................
45,500
200.000 Swing bridge lo a n ............
H ertle A venue se w e r..
V
olunteer
relief
loan
—
25,000
238.000
B ud Avenue sew er___
8,985
200.000 Tem porary lo a n ................
B ailey A venue se w e r..
60,000 T ax lo a n .:.......................... 611,533
B ab. and S. S. sew er...
The outstanding bonds of the city bear interest as indicated
in the subjoined table.
A m ount
Bate.
o f Bonds.
4 per cen t..................... $1,143,526
200,000 3*2 per ce n t..................... 3,992,408
887,083
350,000 3 per cen t.....................
200,000
Am ount
Rate.
o f Bonds.
7
per ce n t..................$3,276,382
6
5
per cent...............
per cent...............
4*2 per ce n t.......... ..........
The assessed valuation of the city is given by the Mayor for
1891, and the same figures appeared in our S tate and Cit y
S upplement . The total value of property exempt from taxa
tion is reported as $19,736,615.
Buffalo’s new charter went into force with the inauguration
of the municipal government for this year. It is expected that
the city expenses will be less, that the needed improvements
will be made at smaller cost, and that the waste of moneys
raised by taxation will be greatly checked if the changes em
bodied in this new charter are faithfully executed.
Delaware’s Financial Showing.—State Treasurer Burnite’s accounts were examined on Jan. 20 by the Legislative
Committee. The State’s bonded debt was shown to be $684,750 and its assets $1,013,385. These figures are given in the
following statement in comparison with the corresponding
report of a year ago, taken from our S tate and Cit y Su p p l e
ment:
Jan. 1, ’ 92.
T otal bon ded d e b t............................................ $684,750
T ota l assets........................................................ 1,013,385
A ssets In excess o f d eb t..........'...............
$328,635
Jan. 1, ’ 91.
$899,750
1,082,440
$182,690
From the above itwill be seen that owing to a decrease in
the bonded debt the excess of assets over liabilities has in
creased $145,945 during the year just ended. The total re
ceipts of the general fund for the year were $599,815 98;
expenditures, $570,812 66. The receipts of the school fund for
the same period were $319,812 47 and the expenditures
$146,244 97.
V irgin ia State Debt.—The Virginia Legislature has this
week ratified the Olcott plan for the settlement of the State
debt, and a sub-committee of three from the House Finance
Committee and two from the Senate is now engaged in pre
paring a bill for carrying out the details o f the contract.
B o n d P r o p o s a l and Negotiations.—We have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Albany County, N. Y.—(State and Cit y Supplement , page
47.) On February 4, $30,000 of Albany County bonds will be
offered for sale to the highest bidder. Auction to take place
at the office of County Treasurer John Bowe, Albany, N. Y.
The bonds will bear interest at 4 per cent, payable semi-an
nually, and principal will mature on March 1 1911. This
[V ol. LIV,
issue will be registered and will replace the same amount o f
war loan bonds due March 1 1892.
Bay City, M ich.—(State and Cit y Supplement , page 103.)
Bay City will offer for sale this spring 5 per cent City Hall
bonds, interest payable semi-annually and principal due May
1 1909.
Bay County, Mich.—(S tate and Cit y Supplement ,page 103. >
Bonds of this county to the amount of $60,000 have recently
been purchased by Farson, Leach & Co., o f New York. The
bonds bear annual interest at the rate of 5 per cent, and $30,000 of the principal matures in fifteen years and the remaining
$30,000 in twenty years.
Boston, Mass.—(S tate and C it y S upplement , page 22.)
City debt certificates to the amount of $1,062,000 are offered
for sale to-day by Treasurer Turner. The certificates will
bear interest at 4 per cent, and $772,000 will mature in 1911,
$190,000 in 1912, and $100,000 in 1922.
Chelsea, Mass.—(State and C it y Supplement , page 24.)—
Bonds to the amount of $181,000 will soon be issued by the
city of Chelsea. City bonds amounting to $250,000 w ill
mature on July 1 1892. The city Treasurer now holds
$69,000 in cash, which will be applied to the redemption of
these bonds, and the remainder, $181,000, will be refunded
by the new issue.
Cheyenne, W yo.—(S tate and Cit y Supplement , page 138.)
Cheyenne has recently sold bonds to the amount of $121,000.
Denver, Col.— (State and Cit y Supplement , page 142.)
Public improvement bonds o ' this city to the amount of $320,000 remain unsold. These bonds bear 4 per cent interest and
mature in 1904.
Dubuque County, Iow a.—A call has been made for county
bonds issued March 1 1889, Nos. 13 to 20. These bonds are
for $1,000 each and they will be paid on March 1 1892, after
which date interest will cease.
Erie County, Ohio.—This county has been authorized by
the Legislature to issue deficiency bonds.
Flushing, N. Y.—(S ia t b and Cit v Supplement , page 51).—
The Board of Supervisors of Queens County have granted the
town of Flushing permission to issue bonds to the amount of
$15,000 for the purpose of paying one-half the expense of
building an iron bridge over Flushing Bay. Tae town o f
Newtown will pay one-half the cost of this bridge.
Green County, N. V.—(State a n d C it y S upplement , page
52.) The Green County bonds sold on Jan. 20, and previously
described in this “ Department.” were purchased largely by
the Dry Dock Savings Bank of New York. This bank held the
original 7 per cent issue which the new bonds are to refund.
Hennepin County, Minn.—(State and Cit y Supplement ,
page 112.) Hennepin County A% per cent Court House bonds
to the amount of $50,000 have been sold to the Farmers’ & Mechanics’ Savings Bank of Minneapolis.
Lynn, Mass.—(State and Cit y Supplement , page 28.) The
Treasurer has been authorized by the City Council to issue
bonds to the amount of $200,000. Of this amount $150,000will be used for refunding portions of the water debt and
$50,000 to cover additional water loans.
Mansfield, Ohio.—(State and Cit y Supplement , page 88.)
The Ohio Legislature has authorized the Board of Education
of the city of Mansfield to issue bonds.
Neenah, Wis.—(State and Cit y Supplement , page 109.) It
is piobable that this city will bond itself to the amount o f
about $50,000 for new water works, which are now under
consideration.
Newark, N. J.—-(State and C it y Supplement , page 66.)—
Controller Connelly is quoted as saying that the new water
bonds of this city will all be taken by local investors before
February 1, the date when the sale was to have been opened
to outside bidders.
Newtown, N. Y.—The Board of Supervisors of Queens:
County have granted the town of Newtown permission to
issue bonis to the amount of $15,000 for the purpose of paying
one-half the expense of building an iron bridge across Flush
ing Bay. The town o f Flushing will pay one-half the cost o f
this bridge.
Snohomish County, Wash.—This county has recently sold
6 per cent bonds to the amount of $60,000 for which a pre
mium of $2,300 was paid.
San Francisco, Cal.—(St a te and Cit y S upplement , page
149.)—During this month the Funded Debt Commissioners
have redeemed and canceled 6 per cent City Hall bonds due
in 1899 to the amount of $30,000. In order to retire these
bonds at the present date the Funded Debt Commissioners
found it necessary to pay a premium of $500. The saving ta
the city of San Francisco in interest coupons will, however,,
amount to about $12,000.
Tonawanda, N. Y.—(State and Cit y Supplement , page 59.>
—This village will sell water bonds on February 15 to the
amount of $150,000, rate of interest not to exceed
per cent
per annum. The interest will be payable January and July
of each year, and the principal will mature January 1, 1912*
With the proceeds of these bonds it is purposed to buy the ex
isting system of water works within the village, and to make'
extensive additions and improvements to the same.
Winona, Minn.—This city has recently sold $50,000 of 5 per
cent bridge and water bonds. The total amount of these:
bonds authorized is $140,000.
THE CHRONICLE.
30, 1892.]
Jan u ary
W orcester, Mass.— (S t a t e a n d C i t y S u p p l e m e n t , page 35.)
—The city of Worcester received eight bids on January 27 for
the funded city loan of $500,000 in registered 4 per cent certifi
cates to mature April 1 1905. The loan was awarded to Kid
der, Peabody & Co., of Boston, and Kinnicutt & De W itt, of
Worcester, at a premium rate of 102 ’77 and accrued interest.
The other seven bids were as follows : 101’77, 101-915, 102-07,
102-59, 102-668, 102 69 and 102-76.
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 60.)
This city has sold $79,000 of 4 per cent assessment bonds and
$25,000 of redemption bonds. A total premium of $998 was
paid for both issues. The redemption bonds mature in 1895,
and of the assessment bonds, $24,000 mature in 1893 and
$55,000 in 1894.
S T A T E AND C iT Y DEBT CHANGES.
W e subjoin reports as to municipal debts received since the
publication last week of our S t a t e a n d C i t y D e p a r t
m e n t . ' Some of these reports are wholly new and others cover
items of information additional to those given in the S u p p l e m e n t , and of interest to investors.
217
Bonded debt Dec. 1891. $67,700 Total valuation 1 8 9 1 .. .$1,623,105
County has no floating debt.
A ssessm ’t about 23 actual value.
7,000 State ta x (per $ 1 ,0 0 0 )..
Sinking fund (about).......
$5 50
Net debt 1891 (about). . .
60,700 County ta x (p. $1,000).
$1100
T ax valuation, rea l.........1,014,970 Population in 1890 w a s........15,757
T a x valuation, personal. 608,135 Population in 1880 w a s .___ 16,065
Iow a—Scott County.—W e printed recently in this Depart
ment a statement of the debt and valuation of Scott County.
During the present week we have received a report from
Henry C. Stinck, Jr., County Treasurer, containing the details
o f the outstanding bonds, which are incorporated in the following.
County seat is Davenport.
LO A N S—
When Due.
C o u r t H o u se B o n d s —
5s, J&J, $20,000......... Ju ly 1 ,1 8 9 2
5s, J&J, 20,000......... July 1 ,1 8 9 3
Interest payable in Davenport.
Total debt Jan. 1 1 8 9 2 ... $40,000
12,000
Sinking fu n d .....................
Net debt Jan. 1 1 8 9 2 ___
28,000
Kansas—Osborne County.—The following statement of the
debt and valuation of Osborne County has been recently re
ceived from Treasurer E. J. Botkin.
County seat is Osborne.
Colorado—Mesa County.—W e had no financial report from
LOANS—
When Due.
o u n t y B onds —
this county for our S t a t e a n d C i t y S u p p l e m e n t . The follow 6s,CJ&J,
$50,000........ July 1 ,1 9 1 5
ing statement has been recently received from T. B. Crawford, 6s, J&J, 3 ,5 0 0 ...... Apr. 1 ,1 9 0 5
Interest payable at Inter-State
County Treasurer.
National Bank, N. Y .
T
otal
debt Jan. 1 18 92___$53,500
County seat is Grand Junction.
Sinking fu n d ........................
585
LOANS—
When Due.
Floating debt ab ou t....... $18 000
Total debt Jan. 1 8 9 2 ...
97’400
T ax valuation, real.........2,016,829
F u n d in g B o n d s —
T ax valuation, personal. 395|883
6s, J&J, $64,500........................1908 Total valuation 1891___ 2,412 712
Subject to call after 1898
Assessment is x4 actual value. ’
Interest payable at Grand Junc State ta x (per $1 ,000 )___
$4 66
tion, Colo., and in N ew York.
County ta x (per $ 1 ,0 0 0 ).... $25 50
B onded debt Jan. 1 1892..$79,400 Population 1890 w a s.......... 4 260
B r i d g e B o n d s—
8s, A pr., $14,900...................... 1905
LOANS—
OH IO.
Kidder, Peabody & C o ., W .
J.
When Due.
C ITY OP WOE,(JESTER
Registered 4s,
Tacom a National Bank,
A P R IL , 1905.
$ 7 5 ,0 0 0
CITY
OF D E T R O I T
3 l-2s,
Lamprecht Bros. & C o .,
First National Bank In the C ity.
T A C O M A , W A S H IN G T O N .
BAN KERS.
P a id -u p C a p ita l..................................$ 2 0 0 .0 0 0
SMr» Itts....................................................$ 1 2 5 ,0 0 0
President,
Cashier,
Vice-President
MUNICIPAL
B o s t o n , M a s s ., 5 3 State S tree t.
N e w Y o r k , 11 W a l l S tree t.
Kidder, Peabody & C o.,
D E V O N S H IR E
STREET,
W . T . ERW IN.
F R A N K ELLIS.
F. H. BALLMANN
Irwin, Ellis & Ballmann,
___________ BOSTON.
~
BONDS.
C le v e la n d , O h io , P e r r y -P a y n e B ’ l d ’ g
D U E D E C , 3 1 s t, 1 9 1 6 .
113
SUCCESSORS TO
8 2 5 ,0 0 0
Morehead, Irwin & Co.,
Oitv of Albuquerque, N. M.,
Stock, Bond and Note Brokers,
NO.
51
30-Year School 6s.
W EST
T H IR D
STREET,
C IN C IN N A T I, O H IO .
In te re s t a nd P rin cip a l P a ya b le in G O L D C O IN . N ew
S T A T IS T IC S -
Y ° r k C ity‘
M IS C E L L A N E O U S .
3 , 2 0 0 , 0 (¿0
0 00 0 0
x o itii debt (tin s is s u e\..................$
)...........................
P O P U L A T IO N .......................................... 8,000
A lb u q iierq u e is t h e c o u n ty seat o f B ern a lillo
C ou n ty and w e b e lie v e t h e b e st c it y in N ew M e x ico .
P r ic e and fu r th e r particulars o n application .
Lombard Investment Co.
C a p ita l, F u lly P a id , $ 4 ,0 0 0 ,0 0 0 .
C H IC A G O ,
7 3 D e a r b o r n S tre e t.
0/
N E W Y O R K ,’
2 W a l l S tr e e t.
&
Chem ical Engineers and
Consulting Chenrst’s.
6 rv
7 %
8
j 1st Mo tg&ge Gold Bonds.
( Gold Debenture Bonds.
1st Mortgage Gold Bonds.
and |O %
National B nk Stocks.
Call or write for information.
150 B R O A D W A Y , NEW Y O R K .
S p e c m t t n s oie WOTksC F urS
205 Sears Building
R o o m s A ls o Y e a r ly C on tracts fo r
iv oou is » 7 oc » 8 , 8l# B r o a d w a y , N e w Y o r k , i
BOSTON.
W . B. B l a c k w e l l , h . O, F is h b a c k . E d m u n d R ice .
G e n e ra l B a n k in g B u sin ess T r a n s a c te d .
_____ S p e cia l A tte n tio n to C o lle ctio n s .
A /T E R C H A N T S N A T IO N A L B A N K ,
„
, PORTLAND, OREGON.
P a id C a p ita l.................................... $ 1 . 000 . 00 »
President..................................... J. LOEV^ENBERG
Vice-President ................................. JAMES STEEL
SELLS SIGHT EXCHANGE AND S
OUAPHIC TRANSFERS, and ISSUES LETTERS
o f CREDIT available throughout the United States
DRAWS BILLS OF EXCHANGE on London
Liverpool, Dublin, Paris, Berlin, Frankfort-on-theMain, and all the principal cities of Europe; also <n
Hong Kong.
COLLECTIONS MADE on all accessible points.
SAN F R A N C IS C O .
T h e First National Bank
O F SAN F R A N C IS C O , CAL,.
FA R SO N , L E A C H & CO .
W IL L IA M : H E N R Y C H A N D L E R
W A L D R O N S H A P L E IG H ,
W ASHINGTON.
C A P I T A L $ 2 0 0 ,0 0 0 .
Dealers in M U N IC IPA L BO N D S.
6 P e r C ent B a n k C e rtifica tes Issu ed .
8 P e r C ent G o ld M ortgages.*
Street Railway Bonds and other high ’grade in
vestments.
10 P e r Cent C ity , C oun ty, S ta te W a r r a n t s .
CORRESPONDENCE SOLICITED.
C L E V E L A N D , O H IO .
/Cable Address\ G r a t t a n h . w h e e l e r , Pres. A. B r id g m a n , Cash.
BO STO N , M ASS.
(.“ KENNETH.” /
$ 5 0 0 ,0 0 0
DUE
Commercial Bank,
TACOMA,
BANKERS,
OFFER FO R 8 ALE
Sinking fu n d ..................... $10,000
79,400
Net debt Jan. 1 1892___
T ax valuation, real.........2,500,000
T ax valuation, p erson a l.2,000,000
T otal valuation 1 8 9 1 ... .4,500,000
State ta x (per $1,000 )............ $4 25
County ta x (per $1 ,000 )........$4 50
Population 1890 w a s......... 12,671
P opulation 1880 w as............ 13,083
P A C IF IC C O A S T .
Hayes & Sons,
BOSTON,
Net debt Jan. 1 1892
$52,915
T a x valuation, rea l........ 1,950,318
T ax valuation, personal. 363,208
Total valuation 1891___2,313,526
Assessm ’t about ^ actual value.
State ta x (per $ 1 ,0 0 0 )...
$410
County ta x (per $1,000).
$11 90
Population in 1890 w a s....... 12,083
Kentucky—Grant County.—County Treasurer D. C. Point
reports the debt and valuation of Grant County as follows.
No statement o f this county’s financial condition was pub
lished in our S u p p l e m e n t .
County seat is Williamstown,
B r id g e B o n d sF lo rid a —Jefferson County.—Treasurer W. M. Girardeau
J ,$ 3 8 ,0 0 0 ..1 0 y rs. from date
reports the financial condition of his county as follows. No j 68,T uJ &
r n p ik e B o n d s —
statement was received from this county at the time that our ! 6s, J&J, $4 4,00 0.-1 0 yrs. from date
In t’ st payable at Co. Treas. office.
S u p p l e m e n t was published.
B onded debt Jan. 1 1892. .$82,000
F
loatin g d ebt......................
7,400
County seat is Monticello.
T otal debt Jan. 1 18 92___ 89,400
M IS C E L L A N E O U S .
T ax valuation, rea l....... $8,206,252
T ax valuation, p ersonal.2,201,963
Total valuation 1891. .$10,408,215
Assessm’t ab’ t M to 13 actual value.
State ta x (per $1,000).............$2-00
County ta x (per $1,000)....... $13-00
A verage school t a x ........... .$18-00
Population in 1890 w as....... 43,164
Bullitt Building,
p h il a d e p p h ia .
UNITED STATES DEPOSITORY.
C A P IT A L ,
.
.
.
$ 1 ,5 0 0 ,0 0 0
SURPLUS,
.
$ 6 1 0 ,0 0 0
S. G. M u r p h y , President. E. D. M o r g a n , Cashier
J A m es M o f f it t , V.-Pres. G. W . K l in e , Asst. Cash
G E N E R A L B A N K I N G B U S IN E S S .
A C C O U N T S S O L I C IT E D .
Seattle, Washington.
1 0 P e r Cent C ity an d C oun ty W a r r a n t s ,
9 P e r Cent F ir s t M o rtg a g e L o a n s .
8 P e r C ent S c h o o l B on d s.
CORRESPONDENT SOLICITED.
The L. H. Griffith Realty &
Banking Company.
218
THE CHRONICLE,
[Y ol . L IV .
Ohio—Mahoning C o u n t T r e a s u r e r John W . Brown has
Massachusetts—Gardner.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 26.)—We have received this week from John D. Edgell, sent us a report of the debt and valuation of Mahoning County.
This county was not mentioned in our recent S u p p l e m e n t .
Treasurer, the details of Gardner’s funded debt.
County seat is Youngstown.
This town is in Worcester County.
Valuation, die.—
LOANS—
When Due.
T a x valuation in 1890.-4,136,802
J & D .., $9 8,00 0......part yearly. Population in 1890 w a s........8,424
T o ta l debt in 18 92........... $98,000 Population in 1880 w a s........4,988
INTEREST is payable at the First N ational Bank, Gardner, Mass.
F unded D ebt—
■6b ,
Missouri—Putnam County.—The following statement has
been recently received from the County Treasurer, L. S. K .
McCutchin. No report for Putnam County was given in our
LOANS—
B ridge B onds—
When Due.
5s, M&S, $60,000......... 1893-1898
B uilding & B ridge B onds—
5s, M&S, $1 0,00 0.........
1892
County ■B onds
------ 5s, M&S, $25,000.......... 1893-1897
5s, M&S, 15,000.......... 1893-1894
Int. payable at Y oungstow n, O.
Total debt Jan. 1 18&2. $110,000
T ax valuation, real....... 15,942,850
T ax valuation, personal. 8,528,600
Total valuation 18 91.. .24,471,450
Assessm ’t about Lj actual value.
State tax (per $ 1 ,0 0 0 ) . .
$ 2 45
County tax (per $1,000)
$ 4 75
I Population in 1890 w a s........55,979
|P opulation in 1880 w as...... 42,871
Oregon—Klamath County.—No statement for this county
appeared in our S t a t e a n d C i t y S u p p l e m e n t . The County
Treasurer, W . E. Howe, now sends the following figures.
County seat is Unionville.
County seat is Linkville.
LOANS—
When Due. T ax valuation, real....... $1,714,882
S t a t e a n d C it y Su p p l e m e n t .
T ax valuation, personal 1,628,831
R ailroad B onds—
6s, M ay,$7 3,50 0........ Oct., 1907&9 Total valuation 1 8 9 1 ... 3,343,713
S ubject to call after Oct., 1892&4 Assessment about 2-5 actual value.
Interest payable at Third National State ta x (per $1,000)............$3 00
County ta x (per $1,000)........$6 50
Bank, St. Louis, Mo.
B onded debt Dec. 1 1891.$73,500 A verage school t a x ................ $4 00
F loating debt......................
4,000 Twp. ta x (per $1,000)............$2 00
T o ta l debt Dec. 1 1 8 9 1 .... 77,500 P opulation in 1890 w a s....... 16,365
Floating debt 1 8 9 2 ... .... $65,000 I T ax valuation, personal. $686,557
Sinking fu nds...................
4,000 |Total assessment 1 8 9 1 .. .1,726,433
Net debt Jan. 1 1 8 9 2
61,000 I Assessment about *3 actual value.
T ax valuation, rea l........ 1,039,876 |Population in 1890 w a s..........2,444
Texas—Lamar County.—John T. Henley, Treasurer of
Lamar County, sends us the following statement of debt and
valuation, which was not reported in our S t a t e a n d C i t y
Nebraska, Boone County.—W e have received this week a S u p p l e m e n t .
statement of Boone County’s debt and valuation, which we
County seat is Paris.
were unable to procure in time for publication in our S t a t e
LOANS—
When Due.
and
B ridge B onds—
Cit y Su pplem en t.
8s, Apr, $5,000.........Apr. 10, 1898
6s, A pr, 3,0 00.........A pr. 10, 1895
6s, Apr. 2,000.........A pr. 10, 1896
County seat is Albion.
LOANS—
When Due.
F u n d in g B o n d s —
Bs. Jan., $20,000.........Jan. 7 ,1 9 0 1
r R a il r o a d B o n d s —
$s, Jan., $33,000.........Jan. 7 ,1 9 0 1
Interest is payable in N ew York.
B ond ed debt Jan. 1 1892...$53,000
Floating d ebt....................... 10,000
•Sinking funds....................... 15,000
Sinking fu n d ..................... $13,561
Net debt Jan. 1 ,1 8 9 2 ___
38,439
T ax valuation, r e a l._____6,315,411
T axvalua tion , p ersonal.3,349,277
Total valuation 1 8 91...9,66 4,68 8
Assessment about 23 actual value.
State ta x (per $1 ,000 ).............$1-67
County ta x (per $1,000)......... $ 4 -75
A verage school t a x .................. 1*25
Population in 1890 w a s___ 37,302
Net debt Jan. 1 1 8 9 2 .... $48,000
Court H ouse B onds—
T ax valuation, real......... 923,496 8s, J&D, $ 2 1 ,5 0 0 ..June 10, 1894
T ax valuation, personal.. 607,095 6s, A pr,
1 2 ,5 0 0 ..Apr. 10, 1904
T otal valuation 18 91___ 1,530,591
J ail B ondsAssessment about 1-5 actual value. 88, Apr.
8 ,0 0 0 .. Apr. 10, 1897
State ta x (per $1,000).............$ 6 -78 Total debt Jan. 1 1 8 9 2 .... $52,000
County tax (per $1,000)......... 21-00
INTEREST
payable at Paris, Tex., and in N ew York.
Population in 1890 w as.........8,683
A ll loans o f this coun ty are subject to call with the exception o f the
Population in 1880 w a s.........4,170
Court House bonds.
New Jersey—Somerset County.—A statement of the
Y irginia—Botetourt County.—The following financial
finances of this county has been received recently from E. B. statement for Botetourt County is sent to us by M. S. Caboon,
Allen, Treasurer, and we publish the same below, as no report County Treasurer. No report from the county was published
appeared in our S t a t e a n d C i t y S u p p l e m e n t .
in our recent S u p p l e m e n t .
County seat is Somerville.
County seat is Fincastle.
LOANS—
When Due.
County Notes.
5s, var....... $77,514___ On demand
Surplus R evenue .
T ax valuation, person’L$6,280,572
Total valuation 1891. .$20,489,273
Assessm ent is 23 actual value.
County ta x (per $1,000)......... $4-00
A verage school t a x ..................$3'00
P opulation in 1890 w a s........28,311
6s, Sept. . . . .$47,818........ On call.
T o ta l debt Jan. 1 18 92..$125,332
T a x valuation, real___ $14,208,701
INTEREST payable at County C ollector’ s office
C H IC A G O .
LOANS—
When Due.
R ailroad A id B onds— '
6s, Jan. (abt.) $68,000. Jan. 1 ,1 8 9 3
Subject to call.
Int. payable at Co. Treas. office.
Total debt Jan. 1,92 ’ (abt.) .$68,000
Sinking fund.......................... 5,866
Net debt Jan. 1 ’ 92 (a bt.).. 62,134
C H IC A G O .
T ax valuation, r e a l.. . . .$2,419,765
T ax valuation, personal 1,929,094
Total valuation 1 8 9 1 ... 4,348,859
Assessment about 23 actual value.
State ta x (per $ 1 ,0 0 0 ).............$4*00
County ta x (per $1 ,0 0 0 )......... $8-00
Population 1890 w a s............ 14,854
P opulation 1880 w a s............ 14,809
C H IC A G O .
Illinois Trust & Savings T he Jennings Trust C o., T h e Merchants’ Loan
AND
1 8 5 D E A R B O R N S T ., C H I C A T O .
Bank,
Trust Com pany Bank,
C H IC A G O , I L 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
INTEREST ALLOW ED ON DEPOSITS.
This Bank Is directly under the jurisdiction and
supervision o f the State of Illinois, is a LEGAL
DEPOSITORY for Court Moneys, and is authorized
to act as TRUSTEE, 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 S. Gibbs, Cashier, B. M. Chattell, Ass’t Cash’r
DIRECTORS:
John McCaffery,
John B. Drake,
L. Z. Letter,
Wm. H. Reid,
Wm. H. Mitchell,
John J. Mitchell,
Wm. G. Hibbard,
J. C. McMullin,
D. B. Shipman.
J. Ogden Armour,
Frederick T. Haskell.
Union National Bank,
C H IC A G O .
P a id -u p C a p ita l.
S u r p lu s ,
$ 2 , 000,000
7t 0 ,0 0 0
CAPITAL, PAID UP,
S U R P L U S ,---------
$500,000
$25,000
DIRECTORS.
AZEL F. HATCH,
CHAS. H. HULBURD,
M. W. KERWIN,
ANDREW C. LAUSTEN
SAAC N. PERRY,
MAURICE ROSENFELD
J. R. WALSH,
SAMUEL D. WARD,;
OTTO YOUNG.
Foreign exchange bought an sold.
Travelers’ .Letters o f Credit and Commerda
Credits issued, available In principal cities through
out the world. Cube transfers made.
J. G. ORCHARD, Mgr. Foreign Dent.
J. B . B r e s s e , Member New York Stock Exchange
D. M. C u m m i n g s , Member Chicago Stock Exchange.
M U N IC IP A L B O N D S
Breese & Cum mings,
BOU GH T AND SOLD.
Send for Lists.
C H IC A G O
1857.
C a p ita l (p a id I n )............................ $ 2 ,0 0 0 .0 6 0
S u rp lu s an d u n d iv id e d pt rfits... 1 ,5 0 0 ,0 0
OFFICERS.
i. R. WALSH, President.
ISAAC N. PERRY, Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON, Cashier.
FRANKLIN JIATHE WAY. Secretary
Securities listed in New York, Boston or Chicagi
carried on conservative margin». Lake Superio:
iron Mining Stocks dealt in.
E S T A B L IS H E D
NEGOTIATES GROUND RENTS in the City of
Chicago. Takes entire charge of estates. Acts as
agent for the registration and transfer of bonds and
stocks and the payment of coupons, interest and
dividends. Authorized by law to receive and execute
trusts o f every character from courts, corporations
and individuals. A legal depository for court and
trust funds.
INTEREST ALLOWED ON DEPOSITS of money,
which may be made at any time and withdrawn after
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets of the
Company.
A regular Banking Business Transacted. Accounts
o f Banks and Bankers, Mercantile and Manufacturing
Firms or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial
and Travelers’ Credits, available in all parts of the
globe, issued. Telegraphic Transfers made with all
principal European and Domestic Points. United
States and other first-class Investment Bonds dealt in.
CORRESPONDENCE SOLICITED.
B A N K E R S AND B R O K E R S ,
111 A N D 113 N O N R O E S T R E E T ,
C H IC A G O ,
C o r n e r D e a r b o r n an d W a s h in g to n S t r e e t ,
Geo. A . Lewis & C o.,
BANKERS,
1 3 2 L A S A L L E S T R E E T , C H IC A G O .
$ 3 ,5 0 0 ,0 0 0
J. W. DOANB, President.!
P. L. YOE. Vice-President
ORSON SMITH, Second Vice-President.
F. C. OSBORN, Cashier.
F. N. WILDER, Assistant Cashier.
TRU STEES.
MARSHALL FIELD,
J. W. DOANEJ
C. H. MCCORMICK,
P. L. YOB
JOHN DE KO VEN,
GEO. M. PULLMAN.
ALBERT KEEP,
A. H. BURLEYJ
JOHN TYRRELL,
E. T. WATKINS,
LAMBERT TREE,
ERMKINE M. PHELPS.
ORSON SMITH.
Banking in all its B ra n ches Transacted«
C IT Y AND C O U N T Y
B O N D S
BOUGHT AND SOLD.
N . W . H A R R IS & C O .,
1 5 W a ll S tr e e t, N E W Y O R K .
B O ST O N
1 1 1C A G P .
CORRESPONDENCE I N V I ED.
I. H . W aggoner,
STOCK BROKER,
Solicits Business in
CHICAGO LOCAL SECURITIES.
Bank, Gas, Street Railroad Stocks and Bonds, Tele
phone and Industrial Securities.
1 7 9 L A S A L L E S T R E E T , C H IC A G O .
J anuary
THE CHRONICLE,'
80, 1893.]
ix 1
and Mto Jm v s @ut o f Ujetu g ark.
N E W EN GLAN D.
Joshua Wilbour.
R IL T IM
Benjamin A. Jackson
W ilbour, Jackson & C o.,
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
Noyes 6c Bridge.
IN V E ST M E N T S E C U R IT IE S .
8 Per Cent Electric Street. RR. Gold Bonds.
8 Per-Cent Water Company. Bonds.
7 Per Cent Irrigation Bonds.
10 Per Cent State o f Wash., County Warrants.
E X C H A N G E B U IL D IN G ,
0 3 S T A T E S T R E E T , B O ST O N , M A S S .
RE.
T h e Am erican
S H A W , M anufacturing Company
F IS H E R * &
B altim ore, M aryland,
BANKERS AND BROKERS,
5 2 W E Y BOSS E T S T R E E T ,
N o.
fP t ts c je X X & tt je m ts .
TH E LARG EST W O RK ERS OF F IB RE IN T H E WORLD
DEALERS IN
M U N I C IP A L
Manufacturers o f
BONDS
AND IN THE
Issues of Corporations Possessing
Strong Municipal Franchises.
CASH
ORDERS
EXECUTED
ON
william
W ilson, Colston 6c C o .,
Binney , Jr .
P E N \SYLVAN IA
Thomas
b.
Rea .
C . W . Branch & C o.,
115
F o u r th . A v e n u e ,
P it t s b u r g ,
P a.
STOCKS, BONDS AND GR1IN. *
Y o r k , P h ila d e lp h ia a n d
S to c k E x ch a n g e s.
P ittsb u rg
PRIT ATE WIRES TO NEW YORK k CHICAGO
g . L.
Boissk vain .
von Hemert 6c C o.,
BOND
AND
STOCK B R O K E R S ,
R O M O K E , VA.
“ E S T A B L I S H E D I S S I .”
Henry
Sproul
BANKERS
6c
C o.,
IN ANY COUNTRY.
J. Spencer Turner,
SUCCESSOR TO
B rlnckerlioff, T urner & Co.,
MANUFACTURER AND DEALER IN
CO TTO N SA IL DUCK
A N D A L L K IN D S OF
COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
RAVENS DUCK, SAIL TWINES, kfu,
ONTARIO” SEAMLESS BAGS,
"AW N IN G ” STRIPES.
A lso. A gents
U N IT E D S T A T E S B U N T IN G CO.
A full supply, all Widths and Colors, always
stock.
N o . 1 0 9 D u a n e S tree t.
State Bark Building,
R IC H M O N D ,
V A .
Private wires connecting with Washington. Baiti
more, Philadelphia, New York, Boston and Chicago
New York Correspondents: Messrs. Moore A
Schley and Prince k White!?.
H. J. YON Hemekt.
MEMBERS O f TH E
N ew
AND
BANKERS AND BROKERS,
Samuel Rea .
Rea Bros. 6c C o.,
CORDAGE
THE
B A L T IM O R E ST O C K E X C H A N G
Sheldon & Binney,
h . Sheldon, Jr .
AND OF
B A G G IN G F O R C O T T O N .
In addition to mills at St. Louis and Charleston
nave Just completed at Greenpoint, Brooklyn, tks
largest, best equipped and best located
B A G G IN G M IL L
BANKERS,
(Members of Baltimore Stock Exchange)!
B A L T IM O R E .
(INVESTMENT and SOUTHERN SECURITIE
BAN KERS,
a specialty.)
28 Westminster St., Providence, R. I.
Correspondence invited and information fur
Transact a General Banking Business. Dealers in nished.
N. Y. Correspondents—mcKim Brothers k Co.
Stocks, Bonds and Local Securities.
PRIVATE TELEGRAPH WIRES TO NEW YORK
AND BOSTON.
V IR G IL I* .
Charles
CORDAGE
JOSEPH G I L L O m
STEEL PENS.
SO LD M EDAL,
paris exposition ,
1889k
THE MOST PERFECT OF PENS»
S EC U R E BANK VAULTS.
S O U T H E R N IN V E S T M E N T S E C U R IT IE S
A S P E C IA L T Y
AND B R O K ER S,
P IT T S B U R G , P A .
MEMBERS OF THE
Davenport & C o .,
New York, Philadelphia and Pittsburv B A N K E R S A N D B R O K E R S ,
R IC H M O N D , V IR G IN IA .
Stock Exchanges.
e s t a b l is h e d ,
1860.
LOCAL SECURITIES A SPECIALTY.
Correspondence solicited and Information fur
Exclusive Private Wire to New York & Philadelphia. nished
about Southern State, Municipal and Rail
road Investment Securities.
New York Reference—CHAS. M. FRY, Esq., Presl
P IT T S B U R G , PA.
dent Bank of New York, N. B. A,
ESTABLISH ED 1 8 7 L
W hitney 6c Stephenson}
BANKERS AND BROKERS,
N o. 57 F O U R T H A V E N U E .
Oldest PittBburg members N. Y. Stock Exchange
E. W . Clark 6c C o .,
BANKERS AND BROKERS,
T H O M A S B R A N C H & CO.,
BANKERS AND COMMISSION MERCHANTS
R IC H M O N D , V IR G IN IA .
Circulars and Information on funding the debts ol
Virginia and North Carolina free of oost; one-eighti
per cent charged for funding. Southern Railroad
and State and Citv Bonds bought and sold.
W ESTERN .
G EN U IN E
WELDED CHROME STEEL AND IRON
In Round and Flat Bars, and 5-ply Plates and Angla
FOR SAFES, VAULTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
C H R O IIE S T E E L W O R K S ,
Sole Man’f ’ers in the U. 8.
B R O O K L Y N , N.'.Y,
ESTABLISHED 1855.
ü n g e n e It. C o le ,
S T A T IO N E R A N D P R IN T E R .
Supplies Banks, Bankers, Stock Brokers and O o i
porations with complete outfits o f Account Books
and Stationary.
t3P" New concerns organizing will have their
orders promptly executed.
Mo. 1 W IL L IA M S T R E E T .
No. 139 South Fourth St.,
P H IL A D E L P H IA .
' 'Transact a general banking business. Allow
Interest on deposits.
Members o f the Philadelphia and New York
Stock Exchanges, and connected by private wire
With New York.
W m. G . Hopper 6c C o.,
Edwards Whitaker .
W hitaker 6c Hodgm an,
3 0 0 N o r th F o u r t h S treet,
Omaha, Nebraska.
T h e Gurley Investment
Com pany,
DENVER,
C a p ita l a n d S u r p lu s ,
COLO.
»
Sam ’ l a. Gaylord ,
Jno.
h . Blushing.
Gaylord, Blessing 6c C o.,
ST. EOUIS.
IN VESTIVI EJVJT B O N D S .
Bonds, Stocks and Investment Securities,
60S FIRST NATIONAL BANK BUILDING,
ffm auciaL
BOND AND S T O C K B R O K E R S ,
2 S S O U T H T H I R D S T ., P H I L A ,
S to c k s an d B on d s bought and sold on Com
mission for Cash, or carried on favorable terms.
I n te r e s t a llo w e d on balances. Correspondence 6 )i P e r C ent 1 0 -1 5 y e a r F ir s t M o rtg a g e
Solicited.
G o ld B on d s.
T R U S T E E -T H E S T A T E T R U S T C O .,
N o. 5 0 W a ll S tre e t, N ew Y o r k C ity .
PARTICULARS UPON APPLICATION.
G. R . Voss,
Commercial Paper,
HANOVER SQUARE.)
Charles Hodgman
$ 5 0 0 ,0 0 0
B AN K ER S AND B R O K ER S,
ST. 1 . 0 I I S .
WE8TERN SECURITIES AND
H IG H
GRADE
M U N IC IPA L
BO N D S
A SPECIALTY.
STOCKS AMD B M D S LO C A L
TO N E W A R K
DEALT IN BY
J. S. R IP P E L ,
7 C lin t o n S tr e e t, N e w a r k , N . JT«
THE CHRONICLE,
X
(Cotton.
© a tttftt.
W OODW ARD
& S T IL L M A N ,
m e :r c :h a ; n t s
M EW
£ inane! al.
Walter T. Hatch,
H enry Prescott Hatch,
Arthur Melvin H atch'
Members o f N. Y. Stock and Produce Exchanges.
IN M A N , SW A N N & Co
*
»6 TO 22 WILLIAM S T R E E T ,
LTV.
[VOL.
W . T . Hatch & Sons,
14 Nassau Street, New York.
COTTON MERCHANTS
YORK.
N ew Y o rk .
®o t t o n o f a l l g r a d e s s u i t a b l e t o
Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex
change for the purchase and sale on commission or
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.
WANTS OF AM ERICAN SPINNERS.
&XHMA N , STERN A CO.,':
New Orleans, La.
& CO..
Montgomery, Ala.
LEH M AN, D U R R
LEHMAN
BROS.,
c o m u s s i o s M t ltt U A M 'S ,
No. 40 Exchange Place,
H enry H entz & C o.,
COMMISSION
MERCHANTS,
1 6 to 2 2 W i l l i a m S tree t, N e w Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
COTTON
at the NEW YORK. LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Also orders for
NEW YORK.
COFFEE
MEMBERS OF T H E STOCK, COTTON, COF
at the NEW YORK COFFEE EXCHANGE, and
F E E AN D PRODUCE E XCH AN G ES,
Ne w Y o r k .
BTRAUSS A CO.,
Savannah and
Ne v Orleans.
Hubbard, Price & C o.,
COTTON
&
C O .,
MERCHANTS
4 8 B R O W N ’ S B U IL D IN G S ,
LIV ER P O O L.
Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale o f Cotton both on spot and for future
delivery.
Crenshaw & W isner,
1 6 Ac 1 8 E x c h a n g e P la c e , N e w Y o r k .
COMMISSION M E R C H A N T S .
Members of the Cotton, Coffee and Produce Exch’s.
AGENCY OF
THE HAXALL CRENSHAW CO.,
RICHMOND, YA.
Standard Brands o f Flour for Shipment to Warm
Climates always on hand.
ORIENT MANUFACTURING CO.,
ORIENT, L. L
Standard Superphosphates.
ÇOTTO N, CO TTO NSEED O IL
AND
SOU TH ERN PRODUCE
COMMISSION
MERCHANTS,
Rwem ÖK, C otton E x ch a n g e B u ild in g .
NEW YORK
fiustavus C. Hopkins. Lucius Hopkins Smith.
Charles D. Miller.
Samuel Uopkius.
Bliss, Fabyan & C o .,
N E W Y O R K , B O STO N , P H I L A D E L P H I A
S e l l in g A g e n t s
BROW N
for
L e a d in g B r a n d s
an d B L E A C H E D S H I R T I N G
an d S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, &C.
T o w e ls , Q u ilts, W h ite G o o d s an d H o s ie r y
Drills, Sheetings, die., tor Export Trade.
Geo. Copeland & C o.,
COTTON BROKERS,
SS4 P E A R L S T R E E T , N E W Y O R K .
BOSTON,
MASS.
HIGH G R A D E I N V E S T M E N T S
Members o f New York and Boston Stock Exchanges
AND
Price, Reid & C o.,
NORFOLK, V A„
Cotton Brokers and Commission Merchants.
Liberal advances made on Cotton consignments.
Special attention given to the sale of Cotton to
arrive or in transit for both foreign and domestio
markets. Orders executed for the purchase and sale
o f Cotton for Future Delivery.
3. O. Bloss.
Geo. H.
Ch u r c h ,
COTTON
22
T h e Short Electric R ail
way Com pany.
Spedai
J. O. BLO SS & C O .,
MERCHANTS,
W illia m Street,
NEW YO R K .
Gearless, Single Reduction
AND
Double Reduction Motors.
W . D . Rountree & C o.,
COMMISSION MERCHANTS,
C O T T O N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.
Orders executed in New York, Chicago A Liverpool
Geo. H . M cFadden& Bro.
COTTON
Hopkins, D w ight & C o.,
B A N K E R S AND B R O K E R S
COTTON EXCHANGE BUILDING,
NEW Y O R K .
.SULPHUR MINES COMPANY
OF VIRGINIA.
'•High-Grade Pyrites, free from Arsenic.
C o .,
Co r r e sp o n d e n t s :
Messrs. Smith, Edwards A Co., Cotton Brokers.
Liverpool,
Jas. Lea McLean & Co*, New Orleans.
STRAU SS
Prince &
G R A IN AN D PROVISIONS
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
Orders executed on the above Exchanges as well
as In New Orleans, Chicago and foreign markets.
STRAUSS A CO.,
Manchester, and at princlpal Cotton Centres
¿on the Continent.ii
F. H .
SLOW SPEED, MULTIPOLAR RAILWAY DYNAMOS.
LINE APPLIANCES FOR COMPLETE
OVERHEAD CONSTRUCTION.
MERCHANTS,
P H IL A D E L P H I !«
CLEVELAND,
OHIO.]
LIVERPOOL CORRESPONDENTS,
F R E D E R I C Z K R E G A & CO .
W M . F R A N K LIN H A L L
W ay land Trask & C o .,
B A N K E R S AND B R O K E R S ,
1 8 W a l l S tr e e t, N e w Y o r k .
Transact a general banking business, including
BOOKS
AUDITED* the purchase and sale on commission o f securitie
dealt in at the New York Stock Exchange.
W a y land T r a s k ,
T heodore Ba ld w in ,
New forms designed for books of acc ountALFRED N. RANKIN.
Settlement oj Insolvent Estates.
418 Exchange Building, 53 State Street Boston.
ACCOUNTANT
American Exchange Bank,
Fifth Avenue H otel,
M a d is o n S q u a r e , K E W Y O R K .
The largest, best-appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK. DARLING & CO.
ST. EOIJIS, M O.
C a p ita l, - 8500,000 I S u rp lu s, - 8 3 0 0 ,0 0 0
PETER NICHOLSON. President.
ALVAH MANSUli, Vice-President.
WALKER HILL, Cashier
W e send items direct to every banking point in
this State._______________________ _________ _____
E. D . Shepard & C o .,
Massasoit H o u se ,
(SUCCESSORS TO
S P R IN G F IE L D , H A SS.
THE BEST-APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
_ _
W . H . C H A P IN .
H E X E D B U IL D IN G , B R O A D S T ., N . Y
AUG. T . POST, Banker,
State, County and City Bonds.
@FedFRASER