Full text of Commercial and Financial Chronicle : January 6, 1894, Vol. 58, No. 1489

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REPRESENTING
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INDUSTRIAL
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3r,he C h r o n i c l e .
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RETURNS.

¥i>r the month of Iiecetuber the decrease from a year ago
reach*, S2‘ 4 |wr cent tn the whole country, and outride of N’e w
York the lo o U 38 4 it ou For the 12 month, the aevregate)
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THE CHRONICLE.

2
THE

STATE

AND

C IT Y

D E fA flT M E N T ,

Sc© p iig c s 5 1 , 53, 53 a n d 541 for ou. btate and City
Department.
All advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.

THE FINANCIAL SITUATION.
The new year opens with no decided change in
affairs. One important and favorable fact is that
there have cot been any conspicuous failures. This is
the time "h en accounts are balanced and such disas­
ters are to be looked f o r ; consequently their absence,
so loDg as it continues, is an encouraging circumstance.
Trade too is no doubt increasing in volume— very
slowly to be sure, but no one could expect any sudden
or faster progress. A significant and encouraging
feature is the condition of foreign exchange. We wrote
three weeks ago, while our foreign bankers were fore­
telling large gr id exports, that the conditions did not
warrant such a forecast and that they would not occur.
Exchange began to decline that very week and the
tendency, with slight fluctuations, has been downward
ever since. An encouraging industrial movement of a
recot structive charact>r which bas been made public
this week is the plan for the Erie Railroad reorgan­
ization through Messrs. Drexel, Morgan & Co. There
was a disposition at first to criticise the conditions pro­
posed, but as they become better known this feeling
has changed. It is very desirable that railroad receiver­
ships should not be prolonged, that interest payments
should be resumed and the properties restored to their
natural status as speedily as p issible. And to have this
movement inaugurated so early in the year has come
as an agreeable surprise and a hopeful omen. The de­
sire will be general that th ism iy prove only a fore­
runner of other similar settlements.
The Atchison receivers issued a statement Thursday
which shows that they too are lookiog for a speedy re­
construction of that extensive system. N o railroad
event would be haibd with greater satisfaction than
the i.-soe of a plan which should meet the approval of
the security hold rs for the reinst itement of the prop­
erty. We are very g lad to notice that among other
things the receivers take the occasion to deny unre­
servedly the assertion which has received such general
credence, representing Mr. Peck and Mr. Wilson as
stating that the Atchison system was known to the
management to be insolvent in August last, and that
legal papers were then drawn in anticipation of a re­
ceivership. “ These gentlemen (ihe receivers say) de­
clare lhai. this statement attributed to them is false and
without foundation.” We are extr mely glad to have
the truth clearly set out ou that point, for the assertion
deni* d bas been used widely to discredit the annual
report and to impeach the hones1y of the management.
In our article of la.-t week we showed that the state­
ment was susceptible of a perfectly honorable conclu­
sion even if the report th it it had been made was true,
o f winch w« expressed a doub . Just now is a g o .d
time to disbelieve everything 8-t uflo it to cne dispar­
agement of ! ny iailio d management, or indeed of any
other tn mag meet. The air is full o' just such cre­
ations of i he imagination.
Tnere is one place in which much might be done
we think to put new life into our industries, and vet in

[You LVI1I.

the particular in which action is most urgent affairs
appear to be at a standstill. We refer to Washington,
where about the only progress made this week has been
in the direction of an income tax, a kind of class legis­
lation which does not tend towards restoring confi­
dence. But it was not of that we wished to write.
Neither are we inclined to-day to criticise the lack of
success in pushing the tariff b i l l ; that we know is a
cumbrous undertaking, and a disposition not to let the
legislation lag 13 manifest among those who have the
bill in charge. But we do criticise the utter disre­
gard shown with reference to the growing weakness of
the Treasury situation, and think the criticism is not
only invited but plainly due. We called attention to this
matter last week, and have called attention to it several
times before, and only do so again because a bond i3;ue to
replenish the reserve has become so imperative during
the week. Mr. Carlisle has set out in his report the
authority desired.
Congress cannot bestir itself too
quickly in conferring this authority. To leave affairs
to drift is to invite trouble, while to put 50 millions of
borrowed money into the Treasury would he more effec­
tual than any other single act in restoring confidence
in financial circles at home and abroad. The action of
the Chamber of Commerce this week only voices gen­
eral opinion on this point.
In the money market there is little that is really
new. The bank return of last Saturday showed the
unprecedented surplus reserve of 880,815,150, with
cash holdings of 8207,424,600 and deposits 888,830,900
in excess of loans. With this plethora of unemployed
money, and with a further large addition this
week, it is not surprising that call loans representing
bankers’ balances should almost uniformly be placed at
1 per cent, loans at 1| being exceptional and for small
amounts, making the average a fraction over 1 per
cent.
Renewals have been at 1 to 1^ per cent,
and banks and trust companies quote 2 per cent as the
minimum, while some obtain 2£ per cent, loans by
these institutions standing from day to day, and there­
fore properly ranking as for short time. Money for
fixed periods continues to be offered freely by all
classes of lenders, but the demand is small. The col­
lateral is rather closely scrutinized, but good active
Stock Exchange security is readily accepted. Quota­
tions are 2 per cent for thirty days, 2£ for sixty days,
3 for ninety days to four months and 3-| to 4 per cent
for five to six months. Commercial paper is in good
demand for the best nameB, but there is only a moderate
inquiry for ordinary grades, and the supply is by no
means liberal, owing to the restricted character antici­
pated for the spring trade and the limited mercantile
business in prospect. Quotations are 3-£ to 3 f per
cent for sixty to ninety-day endorsed bills receivable,
4 to 4£ per cent for four months’ commission house
names and 5 to 5^ per cent for good single names h av­
ing from four to six months to run.
The feature abroad this week has been the decline
in the discount rates at nearly all the European centres
caused by liberal disbursements for interest, which have
resulted in free offerings o f money. The cable reports
discounts of sixty to ninety day bank bills in London
1| per cent.
The open market rate at Paris is 2£ per
cent, at Berlin it is 3 per cent and at Frankfort 3£ per
cent, According to our special cable from London the
Bank of England gained £361,077 bullion during the
week and held at the close of the week £24,849,589.
Our correspondent further advises us that the gain was
due to receipts from the interior of Great Britain of

Jakcasy 6, 1894.J

THE CHRONICLE.

£317,000 and of imports of £44,100, of which £19,000
came from Russia, £10,000 from New Zealand and
£15,000 from the Continent.
Foreign exchange has been dull, heavy, lower and
almost featureless this week. A slight demand to re­
mit for interest was noticed on Tuesday, but the in­
quiry was easily satisfied because of the accumulation
of bills over the holiday and after Wednesday it was
insignificant. The lower discount rates at London and
in Germany had some influence upon long sterling and
upon reichsmarks, making the former a little firmer and
the latter easier. There was some buying of long ster­
ling for investment yesterday, but on the whole such
purchases have been comparatively small, probably for
the reason that rates are expected to decline to points
which will make the transactions more profitable.
Bankers see no evidence of the marketing of matur­
ing bills, but they regard it as probable that these have
gradually been disposed of or perhaps exchanged in such
a way as to make no impression upon the market.
Europeans are taking little it any interest in American
securities, except as they trade between the two mar­
kets through the arbitrage houses. The cable and mail
advices show that foreign investors are looking for an
issue of bonds for the purpose of relieving the Treas­
ury, and it is thought that they would prefer to buy
these than to take such railroad properties as are
offered upon the market. The following table shows the
daily changes in the rates of exchange by the leading
drawers.
m_
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The market closed somewhat firmer on Friday . with
nominal rates 4 84 to 4 85 for sixty day and 4 86J to
4 87 for sight. Kates for actual business were 4 * 3 } to
4 84 for long, 4 85} to 4 $5} for short, 4 86 to 4 86}
for cable transfers, 4 83| to 4 83} for prime and 4 82}
to 4 83 for documentary commercial bills.
In the additional reports o f railroad net earnings for
November which have come to hand this week, we have
further evidence of the great saving in expenses which
is being effected by railroad managers, thus making
comparisons of net earnings very much better than com ­
parisons of the gross. The Chicago Burlington St
Quincy statement for the month was issued last Satur­
day, and showed that while gross earnings fell off
$428,368, operating expenses were reduced $472,692,
leaving the net $44,324 better than in November, 1892.
The Norfolk St Western lost $36,262 in gross and re­
duced expenses $46,598, enlarging the net $10,336
The Louisville A Nashville met a loss o f $222,492 in
gross by a redaction of $202,979 in expenses, leaving only
$19,513 loss in net; and the Southern Pacific Company,
while losing $246,567 in gross, saved $159,509ine xpengrs,
leaving $87,058 loss in net. The Kio Grande Western
added $1,947 to its gross earniDgs and reduced expenses
$12,439^ producing a gain in net of $14,386. The
Atchison (including the St, Louis A San Francisco),
though having lost $356,147 in gross, has lost only
$127,135 in net.
The Chesapeake & Ohio, with $62,530
decrease in gross, has only $28,227 decrease in net.

Rrotrnd by Shipp*! by
X . r. Bank*. X . r. Batdt*

Week Ending Jan. ft. IBOft.

Nit Interior
Movement.

(Tarroaey............ ....
.. . —. . . . —a. »7.a05.0t$0 43.411.000 Gain S4.0P4.000
400.000 Oaln. 100,00'>
500.000
Bald
............. ............... .........
Total gold and leg*; lender* ... S7.SC5.000 S3.6I1.000 Uam-44.19ft.0O

With Sub-Treasury
follows.

operations

the

result is aa

S it Ckangt *n
Bank Holding*.

owl of
Bank*.

Into

Week la te i Jaw. ft. IftBft.

Hank*

••aka' U>tartar me.amaat, aa abor« •T.HOft.OOO S3.SI1 OOOUam. M.19 .001.
liVTM uarr oaaiauma .............. 13,*00.000 i0.«00,000 Oaln 3.400.000
Total gold *e« lacal t.nS.ra, . .. m 405,000 St4.01 1.000 Uala S7.394.00

The following table indicates the amount o f bullion
in the principal European banks.
A ltM ry 4. UM .

aft

m

AT
40
or
40
AT
oft*

lh e Denver & Rio Grande, with $211,090 falling off in
gross, loses $128,509 in net. The Minneapolis & St.
Louis loses $48,506 in gross, $25,319 in net; the Mexi­
can National $155,251 in gross, $51,250 in net, and the
Mexican Central $19,788 in gross, $10,504 in net. The
Savannah Americas & Montgomery reports gross of
$37,322, against $52,552, and net of $6,275 against a
deficiency last year of $14,398. The New Y ork O n.
tario & Western has added $45,695 to gross, $35,684 to
net; the Norfolk & Southern $137 to gross, $2,290 to
net, and the Georgia Southern & Florida $7,229 to
gross, $13,965 to net. The Chicago Burlington &
Northern has $11,891 increase in gross but $1,302 de­
crease in net. For October the Columbus H ocking
V d lev A Toledo reports $4,707 increase in gross and
$11,471 increase in net.
The following statement, made up from returns col­
lected by us, show the week’s receipts and shipments
of currency and gold by the New York banks.

|

January 6. IStt.

Odd.

t H iv e r .

TW d L

0441.

S t iv e r .

T o ta l.

A

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S t . l H t . V e 1 0,7 * 7 ,6 0 0 4 8 .8 1 0 ,0 0 >
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l O J i d l . t O 14.HB8.00C

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To ft, t h i s w a a k t « « j t a . o i i 8 t A 0 0 . l t * ftl 1.7 * 1 t«<< 148.194.051
T o t . p r o * , w 'k U A T B t jB f t f t v t . « f t f t . s u t f t i. 4 t e . 0 t e I4 8 .4 4 a .rd 7

f t 3 07 .2 8 1

iSO ift.S ftft 8 II.1 H 1 .S H 7
741 7 0 0 8 4 K

’ Tb» (llri-l iD (br'wren (old sod •liver) given In our table of coin
and bullion In lhe Bank of Herman? and the Bank of Belgium I* made
from the beat eallmale we are able to obtain; In neither eaae le IX
cUlmed In b* i m n l # , $$ (hate b»i>k« mike do rlUUncitoa la tbelr
wrefclj rtlurti*, merely reporting tbo total gobl and pilvcr, but wo
brllcv* ibm dlvtatoo we make la a close approximation.
Norm.—We roc*.re tbc foregoing rwculu weekly by cable, and while*
oot ail of the date given at the bead of tbe column, they are the re­
turn* Uaued neareat to that date—that la. the latcat reported figure#

CRISIS OF 189.9 AND THE
FAILURES.

YEAR’S

No one needs the annual record of failures to
strengthen one’s conviction that the year 1893 has been
in some respects the most trying our industries ever
experienced. T o be sure we have on other occasions
had crises of various degrees of severity and of various
length— the after results lasting much longer than the
existing pressure will last. But while that is true we
think every merchant and banker must feel that the con­
stricting and restraining influences under which busi­
ness has been held and conducted during the last nine
months have been exceptional.
That the failures are
reported to have been numerous and the liabilities large
cannot therefore excite w onder; the surprise must
rather be that they have not been more in number
and more disastrous, and they would have been had not
merchants and bankers in our large cities been con­
servative in their ventures— that is had they not been-

THE CHRONICLE.

4

trading for two or more years in the fear and knowl­
edge of a crisis approaching.
The recorded increase in the number of the in­
solvents and in the amount of their liabilities is
indicated bv the following comparative statement,
which we have made up from Messrs. R. G. Dun & Co’s,
present and past reports. This exhibit covers the
quarterly totals for 1893, the similar totals from the
three previous annual reports, and like figures for 1881
and 1878. We confine the statement to these Bix years
because they include all the returns that are of any
special use at this time— not only the returns of the
previous year, which always afford an instructive com­
parison, but aleo the returns of the most disastrous
four years of which there is any record.
FAILURES

First Quar.

Stcotui Quar. Third Quar. Fourth Quar.

Total.

1893H um bor..........
$.203
Liabilities....... H7.BS8.800

8,199
•1I1.688.B39

4.016
fS8.470.040

8.796
14,812
$80,088,060 $381,422,930

8.119
$82.080,M l

1,084
$18,669,386

8.867
fS 3 .lll.S 6 2

S.689
$80,948,636

3,764
$44,809,494

3,445
18,278
$68,140,877 $189,868,63S

9,168
$97,466,416

9,106
$35,468,436

3,336
10.007
$89,086,144 $180,866,064

9,914
$84,304,304

8,346
$66,637,831

8,113
10,968
$46,334,894 $296,848,497

N o m b e r...........
8.358
2,470
L ia b ilitie s...... $82,078,826 $48,753,940

2,868
$66,378,368

1,800
10,478
$37,172,003 $334,883,132

1892N u m b e r .........
8.884
Liabilities....... H9.t84.840

10.844
$114,044,167

1S91N u m ber...........
3,646
L iabilities....... $42,167,681

1S90K a m ber...........
8.88$
L iabilities....... $37,868,068

1884N o m b e r ..........
8.296
Liabilities....... $40,186,078

187S-

Though the foregoing total for 1893 does not embrace
bank or railroad failures, the aggregate liabilities are
phenomenal— nearly 3 times as great as in 1892 and I f
times the total in 1891 and 1890. Another important
fact is that the average of the liabilities is also large,
being the largest in the whole record— $23,320 against
$22,369 in 1878. Still another significant circumstance
is that even in the first quarter of the year the aggre­
gate liabilities and the average exceeded the similar
figures for every quarter of 1892 and every first quarter
of each of the years in our table, except 1878, while
the second quarter of the same year (1893) was much
the most disastrous, gauged by the amount of liabil­
ities (that total being $121,582,539, or larger than for
the whole year of 1892), with also the biggest average
of any quarter of 1893, the average reaching $38,069.
These facts we may accept as affording a correct rep­
resentation of the course, progress and severity o f the
crisis. They no doubt tally with every observer’ s im­
pressions as to the extent of the disaster; they will,
likewise, we think, shed light upon the origin and
source of the calamity. First of all they show that this
crisis started before 1893. That fact is indicated by the
very large failures, as noted above, in the first quarter of
1893. It is also obvious from the poor condition of the
majority of trades at the close of 1892. The cotton
spinning industry was conspicuous for its prosperity;
but that and the department of groceries were the chief
exceptions to the general state of unprofitableness. As
an illustration we may cite the iron producing inter­
est, which was at the close of 1892 already greatly
depressed; for although the consumption was larger in
1892 than in any previous year, prices were not remu­
nerative except where the works were well situated, of
modern construction, and the management in posses­
sion of plenty of capital. Moreover, the production of
iron had begun to fall off materially before the year
closed. This was shown not alone by the smaller out­
put the last half of the year, but more clearly by the
capacity of furnaces that were in blast which had on the
first of January 1893 materially lessened from the total

[VOL. LYin

I in blast early in 1892. To be sure, afcer that date the
production again increased for a time, but soon once
more began to contract, and continued to lessen month
by month thereafter until November last, when there was
another slight improvement, which improvement has
since continued to develop slowly. These facts are o f
general interest because, with the exception of the tradesmentioned, the iron market is probably representative.
Mr. James M. Swank said in his report six months ago
that although the production of iron was very large,
the prices of most steel and iron products were falling
all through 1891 and 1892, and that the trade began
1893 in a most profitless shape. That agrees closely
with what we said last January in describing the whole
business situation during 1892— “ we have apparently
been in the midst of prosperous conditions without
achieving prosperity.”
Another condition which was abnormal all through
1893 and which was the immediate cause of somany failures and suspensions was the state of the
money market. Our banks were gathering in cur­
rency as they lost gold in 1892, so that there was n o
disturbance in rates until in December when call rates
touched as high as 40 per cent. That was a brief spasm,
but the sensitiveness and lack of confidence which th at
event indicated the country did not recover from ;
what transpired in the money market in 1893 was
but a continuation of the same conditions, aggra­
vated by a continuation of gold exports.
The
discredit our currency imparted to all values, which
had for years been so generally expressed and felt in
Europe, spread rapidly throughout this country a ft p
the December disturbance. It broke out simultane­
ously early in 1893 over a wide section of the West,,
assuming outwardly the shape of a loss of confidence
in financial institutions and resulting in the month of
June in the failure or suspension of about one hun­
dred banks and private bankers, chiefly because the
depositors became distrustful and forced a rapid con­
version of bank assets.
Among the more prominent features of the crisis the
past year none was more distinctive and exceptional
than the bank failures and suspensions. Bank failures
have of course been an incident in every general busi­
ness reverse, but never were they anywhere near so
numerous in so brief a time as they were during the
year just closed. Comptroller Eckels reported the lat­
ter part of September that, including national and
State organizations and private bankers, there were 716
banks and bankers which had up to that date sus­
pended payment in 1893 in the United States; almost all
too occurred within two months. A good many of these
resumed business subsequently. Messrs. R. G. Dun &
Co., however, in their annual statement of December
30 report the number of national, State and savings
banks and private bankers which actually failed in 1893
at 613. But suspension for the time being locks up
deposits quite as effectually as failure. W hether then
we take the larger or the smaller number it matters
little. Either total indicates extreme pressure; for
every one knows that when any organization which
takes deposits stops payment it brings distress to
almost all its customers. Some idea of the contrast this
aggregate of disasters presents with other years is
obtainable through a comparison of the figures o f
national banks, the only class of statistics with refer­
ence to bank failures and suspensions which has been
compiled for a series of years. We subjoin a statement
which we have made up from the Comptroller’ s reports

January 6, 1884.J

THE CHRONICLE.

b_

since 1863 ; the details are omitted as we hare room the first half and the se’eoud half of the year, we give
the subjoined statement, which shows the comparisons
o d I j for the five-year totals.
--------------------National B anks.-----------------for each month and for each quarter.

$97
1,006

Total, including 1892...

4.811

844

1S1

8,786

The foregoing shows that for the last five years end­
ing with 1892 there were Cl banks that failed and 219
hanks that went into voluntary liquidation— that
would be an average of about 12 banks a year which
failed and about 41 banks a year that went into volun
tary liquidation.
Compared with that average wo
have, according to Comptroller Eckels’s report to Con­
gress for the year endiag Oct. 31, 1893, the large num­
ber of 158 banks suspended (of which, however, 86 re­
sumed) and 48 banks which went into voluntary
liquidation. Tnat comparison is not only typical of
the situation but a very forcible expression of the se­
verity of the crisis.
In the foregoing we have not mentioned the condi­
tion of our money market and of business during the
period while all kinds of currency and gold were at a
premium.
Conditions could not be devised which
would be more indicative of the nature of the disorder
we suffered from, of the tension which our industrial
interests endured, and of the intensity of the distrust
that existed. But these matters are all understood aad
need not be repeated; they only ret'nlorce the familiar
conclusion which every fact helps to confirm, that the
crisis was exceptional in its nature and a currency panic
wholly.

CLEARINGS AND SPECULATION.
Our figures of bank clearings for the late year tel
of coarse the same story as the record of meieantile
failures and the reports of railroad gross earnings— a
story of intense depression with a great falling off in
the volume of business. Bank clearings are not
always a perfect guide to the coarse of legitimate trade,
since there ia no way to eliminate the speculative trans­
actions from the totals ; but when the country is passing through a mercantile and financial crisis, with a
universal decline in prices, and with a great falling off
in both speculation and general enterprise, the effect
is perhaps more clearly seen in bank clearings than in
any other record o f trade and business. Statements of
clearings too possess the merit of permitting compar­
isons from week to week and from month to month,
and also comparisons between the different sections of
the country. It is in these particulars indeed, and in
showing the magnitude and intensity of the industrial
paralysis which the country has experienced, that the
results for the twelve months possess most interest.
Taking the total for all the clearing houses, the fall­
ing off from the preceding year isrwoughly eight thou­
sand million dollars. As, however, we are dealing
with large figaree— 54,330 millions in 1893 against
82,381 million dollars in 1892— the ratio of decline is
omul to be by no moans as striking as might be
4 opposed, reaching less than 13 per cent— actually 12-8
per cent. But on examination it will appear that
practically the whole of the 8,000 million dollars
falling off for the year occurred in tbo last six months,
it /odowg, therefore, that if we consider this six-months
period by itself, we get a redaction equal to over 25 per
cent, j o bring out the differences in results between

WOKTULT OLBARCNOa
*
— — -------- :-------------- _ _ — l
Clearings, Total All.
Qtearing* Outside S'eio Turk

HrmtA

1892.

1893.

J anaar t ■rabniary ..
March.......
1*4 qaar..

April........
M W -.........
J a n e ....—

p .c t .

1893,

1892.

p . at.

*
1
1
$
i.lTSO.Si 1.391 5,871.714.528 +4-9 2.389.380.079 3,123.158,582 -f ir s
5,<»l.Slt.l90 5,223.972.803 -8*7 2.015,349,391 1.060.503.737 +1*6
5,410,SM.«H 5.811,088.098 +2-0 2,166,100.029 2.050,419,575 +5-e
10,208.8*3,289 ■ m

Ill

436

1 8 7 8 to 1 8 8 2 .............................
1 8 * 3 to 1 8 8 7 ............................
1 8 8 8 t o 1 8 9 2 .............................

^-Number
Set
Voluntary, Insolvent. Increase.
9
1,639
25
12
71
305
38
137
136
187
221
29
759
33
205
219
61
726

115!

Kumber
Organised.
1.673
388
ISSs to 1S 7S ..........................
1873 to 1 5 7 7 .....................
311
Fite Year Pet teds.

1863 to 18 67.......................

6,570,825,399 0,100,081,884 +WT

5.101,380,951 -2 9 2.144.93?,028 2,026,843,591 -fi-9
5.045,101.911 -H1*7 2,225,502,380 2,004,94 *,890 +7*9
4,949.500,790; -6 -0 1.026.553,723 2,142.484,042 -u r o

M qunr... j U.T8VUS.765 15,090,992.673! - 2 1 0,297,203,131 *,331.294,029 + 1 0
5 s&oath*., 31.224,870,95?j*i,3O*2>O6,901 j -0 -3 12,808,118.53

12.394.313.803

rS-8

1.158.901,833 4,(S53,S4l,S5Q
1.705,395,902 2,075,104,938 -15*0
Ja*»........... t
Aa*a*t. . 3,309.971.193 4,545.180,549-15-9 1.411.933,357 8,010,958,098 —29*8
Rwptamber. 3.311.9401711 1.820,800.017 —SO-?, 1,501,751,111 2,048.201,813 -20*7
54qti*r... 10.071.72S.040,14.0-^.382.840 -22*5 4.070.080.33lj 6,134,324,810 -23*7
0 months 18.100,508.98*7
•j«tob*r ... 4.042,628,018
Kor—i f r . :
iMwmnhm.. 4,078.631.531

15,329.1^,107, —71 17,M7.iaS,8#l
5,138.738.050,-157 1,813,173,059
5,519,910.117 -* S 7 1,915,901.814
4,(734,148,155 -3 1 *| 1.8*3,190,955

18.538.088.742 -5*8
2,38 ’,251,224 —23*1
2,338,0" 5,587 -21*3
2.431,889.784-28-4

itt* qmm. i*,«f4,S©0,385 l0.99t.196.SS2 - m

5.532,571.728 7.130.810.505 -22*6

mjmjmuM'- m

23,069.770.592 75,059,515.337 -10*1

54,330.8»38,3tt

Eere we observe that the downward tendency first
became marked in Jnne, a decline of 8 per cent being
recorded in that month ; from that time on the move­
ment steadily gained force, July showing a decrease of
10*6 per cent, August a decrease of 25*9 per cent and
September a decrease of 80*7 per ceat. In October and
November there was a slight change for the bettor,
each of those months recording a decrease of 85*7 per
cent, but December showed a decrease of 32*4 per cent,
and thus the dosing month proved to be the worst
o? the year. Taking the different quarters, we find an
increase of L*5 per cent for the first quarter, a decrease
of 2*1 per ceat for the second qaarter, a decrease of
22*5 per cent for the third qaarter and a decrease of
28T per cent for the last quarter. By scrutinizing
the figures closely it will be notice 1 that outside
of New York the results have been much bet­
ter than at New Y ork. This applies not only to
the totals for the year, where the falling off
outside of New Y ork is only 10*1 per cent as against
12*8 per cent with New York included, and to
December, where the decrease outside of New Y ork is
only 23-4 per cent as against 32*4 per cent for the
whole country, bat also to most of the other months.
In truth there have been only three months in the
whole year when this was not the case. Up to June
the totals outside this city had shown an increase in
every month, whereas with Now Y'ork included there
were two months which even in that period recorded a
loss. The reason for the poorer exhibits at New York
is found of course in the prominence of fiaancijil trans­
actions here. These were the first to be affeo'.ed early
iu the year (and indeed before the year opened) by the
gold exports and the doubts regarding the stability of
our currency, and it is this same class of transactions
that is now suffering moat from the effects of the
gloomy business outlook, the falling off in railroad
earnings, the steady impairment of the condition of the
United States Troasury, and the uncertainty regarding
tariff legislation. In the following we show the cleariugs for December and the year at a number of the
leading cities.
BASK CLKAtUSOS AT kSADISO CXTI85.
•
---------------- D ecem ber. -----------------

fOOO.OOO*

1393.

1392,

_ omilUM.)
N ew Y o r k . ..

*
3 .2 1 S

§
"
*
3 ,6 0 2 3 , 2 8 9

ChJe**o........
Ilortoh..........
rtilladelpbt*
8k L ou ie. . . .
8 *n JT m ' co.

371
308
263
101
53

493
474
313
117
69

1991.
424
419
290
110
76

1890.

----- J a n u a ry 1 to Dec. 3 1 .— .

1893.

1602.

1891.

1890.

*
*
«
«
$
2 , 9 8 7 3 1 , 2 6 1 3 6 , 6 6 2 3 3 ,7 4 9 3 7 ,4 5 8

359
389
297
98
78

4,677
4.578
3,403
1,139
699

5,138
5,005
3,910
1,231
815

4,457
4,754
3,296
1,140
893

4,093
5,1*1
3,710
1,119
851

6

[Vol. Lvm.

THE CHRONICLE.

—v /— January 1 to Uec. 31.—
— / eemuer.—
(OOO.OOO*
1893. 1892. 1891. 1890. 1893. 1892. 1891. 1890.
*
*
$
omitted )
$
$
#
$
$
7 '3
736
59
772
66
73
706
57
Baltimore...
787
679
760
665
64
59
57
51
Pittsburg ...
641
668
642
751
62
56
55
66
Cincinnati...
491
512
460
475
39
49
42
39
K a n ta atv
524
515
508
5.8
65
501
71
New Orleans
58
361
320
40
366
40
32
329
22
Milwaukee..
400
357
31
323
391
26
37
29
Lonlsvll.c...
392
353
35
34
400
416
Ruflalo........
37
33
301
25
323
363
317
24
34
30
Detroit . ..
367
304
42
43
332
433
31
Wlnnonpolla.
28
215
257
20
29
22
295
295
22
268
29
25
26
288
288
278
21
Providence..
264
24
265
25
297
20
27
268
Cleveland...
267
210
255
23
20
20
185
11
Denver.......
242
226
20
271
16
26
26
209
St. Paul......
Total........ 3,854 5,738 5,159 4,635 51,697 59.354 54,329 58.548
298
244
213 2,631 2,968 2,618 2,2al
224
Other eitlee..
Total all... 4.078 0.034 5,403 4,843 54,331 62,322 56,947 60,829
Outside N.Y. 1,863 2,432 2,144 1,981 23,070 25,660 23,198 23,371

While none of the places in the foregoing show any
increase over 1892, either for December or the twelve
months, when we [come to look at the full detailed
statement, giving all the places having clearing houses,
we find that there are nearly a dozen which are distin­
guished for larger totals than in the year 1892. It hap­
pens that the most of these are in the South. Thus
Galveston has an increase of 5-5 per cent, Houston an
increase of 18-8 per cent, Savannah an increase of 1-8
per cent, Dallas an increase of 3-8 per cent and Waco
an increase of 0-6 per cent. Three of these points also
have an increase for December, namely Houston, Sa­
vannah and Dallas, and N orfolk for that month
(though not for the year) likewise has an increase; but
at Galveston there is a decrease for Decem­
ber of 15-4 per cent and at Waco a de­
crease of 43-4 per cent.
Southern points like
Memphis, Nashville, Birmingham and Chattanooga
show exceedingly heavy ratios of decline for the
year, and still heavier declines for December. Taking
the points in the order named, the losses for the year
are re“*>ectively 35-8 per cent, 39-5 per cent, 34-5 per
cent and 29‘9 per cent, and for December 44-2 per
cent, 65-3 per cent, 50-0 per cent, and 55-0 per cent,
respectively.
In the New England States there are three points
with an increase for the year, namely Hartford, Port­
land and New Bedford, but all three have losses for
December. In the Middle States Binghamton reports
11 *7 per cent increase for the year and 13’ 6 per cent
for December, but is the only point so distinguished in
that section. On the Pacific coast, Los Angeles has
an increase of 15-4 per cent for the year but a decrease
of 19-9 per cent for December. Besides the points
already enumerated, there is one other with an in­
crease for the year, namely Duluth, the gain there
being 2 ’2 per cen t; the same point for December
however, has 28-5 per cent decrease. A t some of the
remoter Western points the losses both for December
and the year are exceedingly heavy; Denver loses 30-6
per cent for the year, 52 per cent for Decem ber; St.
Paul 23-5 per cent for the year, 38-4 per cent for D e­
cember ; Sioux City 27 per cent and 44-G per cent
respectively, and Minneapolis 24-2 and 32-9 per cent.
Even heavier ratios of decline, however, come from
the Pacific Coast, where Salt Lake City shows 40'4
per cent decrease for the year and 55-4 per cent for
December ; Seattle 27‘ 7 per cent for the year, 56-1 per
cent for December, and Portland 3T6 and 51*2 per
cent respectively for the year and month. For the
whole of the Pacific Coast section the decrease is 18'4
per cent for the year and 3Q-5 per cent for December,
ar.d for the Far Western section the declines are much
the same, namely 15-0 per cent and 30-3 per cent respec­
tively. These two groups with New York, which shows
14-7 per cent decrease for the year and 38'5 per cent for

December, mate the poorest comparisons of any. In
the New England group the loss is only 7 -6 per cent
for the year and 22-6 per cent for December, in the
Middle group 9-8 per cent for the year and 20-8 per
cent for December, in the Middle Western 10-2 per
cent for the year and 25'1 per cent for December and
in the Southern group 8-4 per cent for the year and
21-5 per cent for December. The following presents
a comparison of the clearings of the various groups by
quarters for eight years past.
Clearings Reported.
(000s omitted.)

First
Quarter.

8econd
Quarter

$
$
1893 9,879,03c 8,487,72
1892 10,016,731 8,862,70
1891 7,707,648 8,3i8,l2J
1890 8.918.802 9,870,83
1889 8,654,592 8,901,64C
1888 7.120.70C 7,655,70e
1887 8,262,338 8,789,06S
11886 8,526,113 7,565,46(

Third
Quarter.

Fourth
Quarter.

Total
Year.

»
*
*
0,102,64' 0,701,637 31,201,036
7,891,057 9,80I.98C 36.682,469
8,204,134 9,489,416 33,749.822
8,885,188 9,783,782 37.158,608
8,352,995 9,985,872 35,895,105
7,436,340 8,887,282 31,100,028
7,772,015 8,051,141 33,474,556
7,536,017 10,049,234 33,070,830

1893
1892
1891
1890
Total New England...
| 1889
1 1888.
1887.
11886.

1,506,305
1,390,805
1.306,943
1,398,500
1,331,940
1,184,58b
1.200,844
1,157,428

1,427,786 1,113,058 1,266,143
1,411,771 1,300,376 1,588,538
1,345,534 1,337,808 1,409.200
1,545,554 1,364498 1,510,559
1,855,316 1,267,506 1,475,028
1,229,510 1,159,764 1,447,089
1,342,188 1,129,355 1,295,434
1,103,511 1,062,680 1,306,851

5,314,192
5,751,490
5.459,491
5,819,111
5.430,390
5,020,940
4,967,821
4,630,470

fl693.
1892.
1891.
1890.
1889.
1888
1887.
11886.

1,510,442
1,521,957
1,290,388
1,391,218
1,211,753
1,041,669
1,062,564
937,625

1,502,515
1,503,697
1,323,780
1,470,276
1,203,804
1,138,730
1,134,273
928,290

1,198.202
1,419,035
1,318,885
1,420,076
1,237,338
1,100,065
1,053,271
979,795

1,245,724
1,608,730
1,433,689
1,489,82V
1,375,048
1,238,985
1,145.223
1,121,028

5,456,948
6,052,926
5,360,672
5,771,992
5,087,943
4,521,049
4,395,331
3,960,744

(1803.
1892.
1891.
1890.
1889.
1888.
1887
U 886.

1,878,874
1,693,417
1,436.254
1,807,750
1,148,252
1,040,788
982,030
835,367

1,832,490
1308,902
1,589.233
1,526,508
1,215,556
1,133.362
1,151,213
924,508

1,346,225
1,838,277
1,018,501
1,550,176
1,230,117
1,143,718
1,077,103
983,110

1,575,979
2,046,426
1,802.504
1,058,779
1,394,237
1,296,617
1,203,594
1,087,864

0,033,008
7,887,0820,440,4926,044,218
4,908,102
4,014,485
4.413,940
8,830,909-

[1893.
1892.
1891.
1890.
1889.
1888.
1887.
[i860.

277,581
£75,860
290,075
228,029
209,580
209,638
166,675
137,848

209,126
279,510
287,596
260,094
216,650
213,126
208,497
143.156

194,664
301,009
309,297
290,704
230,5? 5
223,539
233,820
170,110

962,478
221,107
392,874 1,179.053
328,247 1,215,215
801,294 1,080,001
902,061245,386
890,049
244,346
829,1
220,190
642,221
191,101

flS93.
1862.
1891.
1890.
18J-9.
1888.
1887.
1886.

549,0E5
494,836
402.090
412,625
362,249
288,135
261,671
166,276

532,499
510,821
444,802
481,969
331,280
347,727
312,729
203,310

328.627
533,752
458,285
478,302
388,949
344,306
286,392
214,454

436,807,
620.545
552,342
513,959
459,'83
408,909
315,998
265,083

1,848,9882,171,954
1,857,5791,880,854
1.591.861
1,389,077
l.lTe^OO*
849,123

1893.
1892.
1891.
1890.
1889.
1888.
1887.
1886.

849.C07
783.884
741,038
711,749
585,099
525,768
481,092
427,314

732.085
712,995
059,( 90
650,411
516,896
449,375
443,794
390,680

494,597
682,397
629,695
618,460
493,951
426,304
417,328
388,607

779.713
637.752
822,048
787,031
683,470
003,954
547.695
490,754

2,856,002
3,117.008
2,852,071
2,768,251
2,279.216
2,005,401
1,889,9091,097,424

1893.
1892.
1891.
1890.
1889.
1888.
1887.
1886.

16,449,797
10,206,970
13.174,881
14,368,673
13,503,465
11,411,281
12,417,214
12,187,971

f 1893.
I 1892.
t 1891.
1890.
1889.
i 1888.
1887.
i 1886.

6,570,764
6,160,289
5,466,738
5,449,871
4,848,873
4,290,581
4,154,870
3.661,858

14,784,827 10,868,975 12,227,110 54,330,709
15,006,457 11,025,903 16,988,654 62,321,984
13,998,204 13,876,805 15,897,452 56,946,842
15,805,648' 14,614,004 16,040,785 60,829,090
18,850,948 13,201,301 15,619,524 56,175,828
12,162,536' 11,840,636 14,127,182 40,511,835
13.881,756'll,969,284 13,379,275 61,147,529
11,258,996 11,334,839 14,511,915 49,293,721
6,297,101
6,233,750
5,650,075
5,934,812
4,949,302
4,506,830
4,592,094
3,693.530

4,676,333
6,134,846
5,672,671
5,728,816
4,848.306
4,404,596
4,197,269
3.798,822'

j

5,525,473
7,126,674
6,408,030
6,256,983
5.633,652
5,239,900
4,728,134
4,402,681

i,069,671
5.059,515
3,197,5203,370,482
0,280,223
8.441,607
7,672,9735,616,801

In extending the comparison back beyond 1892 the
feature already noted above of better results outside of
New York than at New York again appears. The
New Y ork total' under the decrease in 1893 falls
much below the total of most other recent years,
but the total outside of New Y ork for 1898
is really , close up to the largest ever reached
with the single exception of that for 1892. Of course
in this case the number of clearing houses is all the^

THE CHRONICLE.

Sajtbakt e, is9i,]

time iaoreaemg, bat this ia itself is evidence of the
growth of the country, uadsr which clearing house
facilities are required at a grest many points which
former,;, went without them. A t New Y ork bank clear­
ings have b=>en reduced the last two years through the
opening o f the new Stock Exchange Clearing House,
which clears the business of the Stock Exchange in alt
the more active stocks. We annex two tables here, one
showing bank clearings both at N'«w York and outside
New York ia each year since 1877, vrd the other show
ing the number and value of the share sales on the New
York Stock Escharge.
mmmwm.
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in 18S1.

itM0*«Kn ®r*if
TIA4 ft 1*7 m m
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m tto at vmm to m * tto cm

***m

The remark jast made regarding Stock Exchange
business applies a'so to the transactions on the Produce
Exchange. There was liquidation and heavy declines
in piices, but the conditions did not favor speculative
movements, and the volume o f trading fell much below
that of either o f the two years preceding ; in fact was
the smallest for a decade. Reducing flour to wheat
the sales were 1,343 million busheH in 1893, against
1,385 million bushels in 1893 and 3,331 million bushels

Kf*
NUatt.
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14*44«»Ar8
uaiMMfji v t im ^ m m c m Lr*A«J
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A i regards the share islet, St will k* *>»» that, not,
s,.miMhS MbM*, **«&,#»> jtdfTAA w.#:
k m i #«i# «vj iti i
# > a n « .i
withstanding the enormous tran»a:iions at times m the
t.
|
i«HU n i % W i
»»«^r
«,s
4
i&
jn
jt
iaft4Mg>|i
industrial properties, total sale* to 1*93 did not quite
equal those of 18*2, the figures being 80,977,839 Stares
for 1893, again# 88,878,093 shares for 1893, Healing*
were fairly large in tb« early part of the year, but small
COTTON CONSUMPTION A SO OVERLAND
in the latter part,
There was very extensive liquida­
MO VSMJSNT TO JANUARY i.
tion caused by the monetary pressure and the unfavor­
We
bring
down our statement* of overland m ove­
able railroad and bostneas conditions, but there w«a no
ment,
receipt*,
export*, etc., to-day to the first of
speculation. Below we give the share sale* by months.
January, and they now cover the first four mouth* of
•iiiNN 09 mmmm At' fuji amw mm*
the cotton season. The weather ha* favored the rapid
marketing o f the crop, and as a result there ha* com e
into eight during December 1,590,032 bale* again#
1.290,705 bale* in the corresponding month of 1892.
I #
§
r«t ..jmmamii seuabm! *mMaua mas** m a u u * # m u p u m The total amount o f the current crop now visible is
r **
sw ia n a * s«*>**jm» n.»»» so m erM M - M i.m xu t
••sew .* I* -«... • -.- • . ' *» ■- )
mtiMKMf m&MUM’t 5,430,099 bales, an aggregate 073,209 bales more than at
»«*-»'
uiuuiiM ’
the same date last year. Northern spinner* have taken
Sw*’tsn.-wt »
a*iv.u3 i
wmAtejm out little more cotton than in December 1893, and their
s*»r ! S * n * » - sacs*-as., t a - a v s
mt*#**'
A sms. » « i m ; *m ,m m ii » »a***.v:«
takings for the four months exhibit a falling oS from
m uM * #
tM f VW.5SI f toM fti 3
ijtm jm tjm i/n%u#9j9% a year ago of 103,666 bale*.
t illto. i# ,m «ws
m 7i
£CiTTai.ir»
AC# r«ar

^ }t

*.-sf?v.i-4i>is#tt4Mi.

M *M »? f f u a m
Aji’##'«• g# *» M t

A7 '*->1 I'f'H.rM

f**-

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lii t W I 'I S H
sjubjwbs*i

—.
#■
?* »«
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AlAsj*

n « .j« u 7 t
id# vt?. »

'fommn mat

O V E R I.A S D M 0 V 8 M B S T TO ,f A V I A UY

t.#M t ;i
**: | *>

The fro** movement overland in December has been
in exc«t« o f last season but 1« » than in 1891, reaching
n *«.• I»> i j i f j m . ; ■jjm i .it a ils 280,910 bales igpinst 254,293 bale* and 390,664 bales
■ i •- . m >! •
.!
,. respectively. The aggregate since September 1 is
...... ...
I
IMHIlJNlW, 7#ikl#i. IV
S4PLA.ff>81 tb' lefore now #ljghtly greater than in 1892, although
much below 1891. T h e sW for December has been
f
t
**t« «l» 189,814 bales, which compares with 170,676 ' a <*s last
-?

* A,|fU Arkf TJ*

l i t e t l A i H Ih fll.A M t .iW A H t*. i

**i .«

J-

l.

Sr.h» J#». V 'l

I ll K

|V o l . L Y I 1 I .

C H R U J N L U L .fi

year ansi M*%2S9 bales two years ago. For the soisrra
to'.];>!.• the net h
1,IT® bales less than in 1892, but
contrails'll with 1891 shows a doorcase o f
7*U balesi
The details of the whole movement overland for three
year® are appended.

1893.

A m&mu

m m Ifaim iU aU ............. ...............
in*.EmmivUt©,,. . . . . . ............... .
VI* totttiviiie .......................................
Via d skinnatS.. . . . . . . . . . . . . . . . . . . . . . . . .

334,806
117,831
12,641
5,897
60,732
64,913

226,02!
110,984
110,294
10,621
80,563
57,749

4,365

Skippedto m ilk,nut iuehidndabove..

1S91

1892

1393.

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

099,281

5,074

367,192
219,843
m 394
18.221
109,732
76,291
96.953
5,112

698,746 1,007,698

Total to be deducted..........

121,650
18,313
1,540
14,027
9,870
441
4,912
440
28,658

126,392
15,295
1,341
7,070
11,739
648,165
330
7,045

159,514
40.001
319
13,760
27,602
660
4,914
100
6,386

202.883

178,068

253*559

496,408

520,678

754,139

* Tins total includes shipments to Canada by rail, whieh since
’Cpteuiber 1 m 1*93 amounted to 26,241 bales; in 1392 were 24,7?9
fades and in 189J were 32,846 bales,
RECEIPTS, EXPORTS A N D S P IN N E R S ' T A K IN G S .

T ub volume of cotton, 'm rketed through the outports—that is, the net receipts— his been greater dur­
ing the past month than heretofore recorded in
December, having been 1,244,738 bales. The increase
over last year ia consequently very noticeable. The
total for the four mouths is 609,479 bales more than
for the similar period' of last year, and the falling off
from 1891 re tches 595,111 bales. The gain over last
year is shared in by all the important ports except
Galveston, and at Norfolk and Mew Orleans the rate of
increase is heavy.
Foreign, exports also have been
very free in December, reaching 962,848 bales against
590,454 bales last year and 967,173 bales in 1891, The
aggregate for the season to date is much above that
for the preceding year. Our usual table of receipts,
exports and stocks is as follows:
i
Mmrnmt fr m JUcttpU fitmipu
since ' j
since
Sept. 1. 1803, to
Sept, i &1>t~ J j Great
Jan. 1,189*.
1803.
1802. I

The amount of cotton marketed since September 1
in 1893 is thus seen to be 611,209 bales more than in
1892 and 808,842 bales less than _ in 1891.
To
determine the portion which has gone into the hands o f
Northern spinners during the same period we have
prepared the following:
Total receipts to January 1,1 894 , as a b o v e ...— ------- bales.

Frame.

Conti­
nent.

811,013! 354,134
Gnlfmian....—
66,335 67,411
■27,723 84,0201
&e...
31,235
K»w Orleans. ». 1,259,700 SW.lftl 335,643 215,101^ 188.505
I4B.421 131,278 20.7-25
Meftfle............
21,781
Florida ......... ..
S am nnsb..,....
26,8901 220,201
Brtsatwrj\ck, Ae . *2,574 jUBJBh . 2BJS7B
*2,0001 6,330
Charleston....... 278,7m • 237,907j c 94,168 ll,17o| 101,801
Port RoynTJtc. ■84$,iO0 -■ - 'Wif
W^DlSCtCi *... - IPfyggg 188,71bj
ija.'ija
440 ', &7dJ
Wmhin$Vn,3ic
■'
Nortom........
«sJ- a,m<
Wmt Faint. . . . x m ,m
-JS403I
M.bgd ’ i s , 500]
“"’w y m
New Y ork-----USW 193,1*11) C H.28D : 0&,6»1
,40,295 47.3311 ,--80,488]
.2,212

......

Tot*) 1803,..,.

Total

Tot*} 18®?.a L

:20JKs

■27

’-

517,880
21,235

195,79?

3,345

810,339 360,65^
20,725

45,96:

330,50! 134,74!
81,308
.
207,14? i 83f8r
' 41,248'-

, 120,568*;. 2Srii
97,209
48,863
18,500

.304,467
.82,70,8

67,201 1' 98.425

88,iS-83,2-1;
’ 6*55<

228,301

$8.1
10J98 - 8,40
l
...... j1,554,8‘52! 085,563i 84^86:2^70^16 1,280,80
,|8,S06»71rn
801„826| 655,202 ;2J0i'f.8 1,188^1
- .4,m hwt\ i
818.1231 850,073! 3,105,2561.1 315,09

' Great Britain exports Include to the Channel.

5,005,599

Stock on hand commencement, ot year (Sept. 1, 1893)—
At Northern ports.................................

151,524

At Southern ports................................

9 1 ,7 4 7 - 243,271
6,747— 250,018

Total supply to January 1 , 1894...... - - - - - - .....................

5,255,617

)f this supply there has been exported
to foreign ports sineoSept. 1 , 18 9 3 ..2,770,416
Less foreign cotton in clu d ed ...............

8,289—2,762,127

Sent to Canada direct from W est...........................

26,241

Burnt North and South...........................................
Stock on band end of month (D jo. 31 ,1 8 9 3 )
At Northern ports.................... bales.

290,110

At Southern ports .........- ....................

990,693—1,280,803

At Northern interior markets......................... .

5 ,0 6 0 —4,074,351

Total taklugs by spinners since September 1 , 1893-,,.-----—
Taken by Southern spinners............................... - .......................

1,181,266

_

303,000

Taken by Northern spinners since September 1, 1 8 9 3 ....... . .

878,266

Taken b y Northern spinners same time in 1892......................

981.931

Decrease in takings by Northern spinners this y e a r .. .bales.

103,668

The above indicates that Northern spinners had up
to January 1 taken 878,266 bales, a decrease from the
corresponding period of 1892 of 103,668 bales and a .
falling off from the same time of 1891 of 419,805 bales.
AM OU N T OF CROP N O W I N

S IG H T .

In the foregoing we have the number of bales which
has already been marketed this year and the two
previous seasons. An additional fact of interest is the
total of the crop which was in sight on January 1
compared with previous years. W e reach that point
by adding to the above the stock remaining at that date
at the interior towns less stock held by them at the
beginning of the season. In this manner we find the
result for three years on-January 1 to be as follows:

1893 TO-

Stacks
Dec. 31,
Total.
1893.

I:

5,005,599 4,391,3 '0 5,814,441

At Northern interior markets..............................
Dmiact ikiftm tH itOverlain) to New York, Boston, Jto—
Between Interior towns . . . . . . . .
GsilTcston, inland and local m ills ......
Mew Orleans, inland and local mills. ..
Mobile, inland and local m ills... . . . . . . .
8av«*n»h, Inland ami local mills..........
iJhM’lm ton, Inland and local in tils ....
M. Caret!'a porta, inland and local mills.
Virginia porta. Inland and local mills.

1891.

Total r e c e i p t s . .........bales. 4,70*2.599 4,117,390 5,555,441
oathern consumption since September 1 303,000 277,000 259,000
Total to Janua y 1 .................... bale9

OVKtUKD PROM SEPTEMBER 1 TO .fiXUARV 1-

1892.

Receipts at the ports to Jan. 1....... bales. 4,206,19) 3,596,712 4,801,302
Vet shipments overland d aring same time 496,408 520,678 754.139

1893.

1892.

1891,

7

Total marketed, as ab ove....bales.
Interior stocks in excess of Sept. 1.

5,005,599
415,000

4,394,390
351,000

5,814,441 589,051

Total In aifilit..... ............ .bales.

5,420,599

4,745,390

6,403,492

. This indicates that the movement up to January 1
of the present year is 675,209 bales more than in 1892
and 982,893 bales less than in 1891.
; As it will interest the reader to see what has come
into sight each month of the season during t h is ;and
previous years, we jhave prepared the following, which
shows the movement for'the last, four seasons.

_.4
.

Months

1S03.

1892.

1891.

November...........
D ecem ber

511,273
1,632,823
1,686,451
1,590,052

522,552
1,465,067
1.467.066
1,290,705

826,932
2,026,205
1,927,880
1,622,475

860,274'
1,723:759
1,615,981
1,645,229

5,420,599

4,745,390
1,971,753

6,403.492
2,635,215

5 8 4 5 ,2 4 3 ,
2,310,275

6,717,142

9,038,70-7

8,655,518

Total 4 months.
Balance season...
Total crop. —

1890.

Urdug the f.&sdisclosed by the foregoing statements,
W E IG H T OF B A LE S,
wo shall find that the portiou of the crop which, has
' T o furnish a more exact measure of the receipts up to
reached a market through the outports and overland, Jan. 1 we give helow our usual table of weight of bales.
and the Southern consumption, since September 1 this We. give for comparison the figures for the same time
year and the two previous years, is as follows.
in the two previous years.

THE CHRONICLE.

J axuasy 6, 1S94.J

Same
Same
Four Slonths Ending Dee. 31, 1893 peri*d in peri'd i,
1892.
1391.

'T e x a s ...............
LonM ana..........
A labam a..........
Georgia*............
Son-.b Carolina.
Ylririiila............
Forth CaroUn*.
Tennessee, A c ..
Total...........

Average Averayt A vera y
Weight. Weight. Weight

S'umber o f
Bate*.

Weight in
Pound*.

>35,253
1,259.736
1 1 6 ,1 2 1
806.210
321,802
152.071
15 >.958
Bit.OSS

433,171,219
627.063.159
73,503,312
392,292,197
155.719.938
267,912,139
77,901,315
458,333,738

518-97
497-75
552 00
*86-57
493 90
185-31
497-03
49600

532 00
497 10
50300
439 61
431 00
437-27
48510
496-02

523 53
495 90
499-00
436-51
490*81
49424
496-23
50110

5.005,599

2,*36,229,187

196 69

SCO 53

499-31

* laehsilia* Florid*.

It will be noticed that the movement up to Jan. 1
shows a decrease in the average weight as compared
with the same period of la8t year, the average th is
year being 190-69 lbs. per bale, against 500*53 lbs. per
bale for the same time in 1892 and 109'81 lbs. in 1891 _
T H E D B Y GOODS T R A D E D C & IK O D E C E M u E B .

The chief feature of the month, if not the only one
o f any importance, was the revision of prices of
bleached cottons and of wide sheetings. The delay in
changing the prices of the former had a retarding in­
fluence on business iu staple cotton* goods generally
daring the first part o f the month, but when leading
makes were reduced $c. per yard, to the basis o f 8c. for
such makes as "L on sd ale” and " F r n i t o f the Loom ,”
buyers operated more freely. Good sales of bleached cot­
tons were then made for a week or so, bat the demand
then largely gpent itself. Wide sheetings a bo sold
more freely for some days on the new basis of 25e. for
such as Utica and New York Mills 10-4 bleached.
Apart from the foregoing, December's business was
decidedly moderate. Layers pursued a conservative
course in both staple and fancy cottons, although
working on scanty stocks themselves and cognisant of
the fact that stocks in first hand- were in many instances
light and that agents were in not a few cases sold
ahead on staples. Printed fabrics and ginghams were
in much less than average request throughout, and
the dose of the month agents had done much less than
a normal business for spring. xU the close the tone of
the market was dull, but in general prices were steady,
moderate supplies and expectations of au improved
demand early in the year supporting sellers. Print
cloths closed l-16c. lower than the opening price of the
month and very dull.
:
1#
|
m OotfH
Ime
midI
dting
i
7%
2.. 7«»
3..
4. '*7»\«
S_ 7 » l,
ti. 7*1
T . Jhn
0L 7%
9.. 7%
10..
11,. T%
12.. 7%
13,. 7%
U , J* *«
15,. 2*.«
•“ lA

If::

IB»
19.
m ..
52
21..

7%
p i*
7 Hi
7<*
**

2 6.. v?»«
27*. 7 %
2*.. 7 >
29.. *■%
30.

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9
RETROSPECT

O F 1898.

Daring 1893 the United States passed through a
financial crisis of appalling severity. It was much more
than a crisis arising from overstrained mercantile
credits like that of 1857, cr from excessive industrial
development like that of 1873 ; the distress of the past
year came at the end of the silver inflition period
which began in 1878, and it marked the culmination of
events in that disastrous era. The crisis terminated
with a great historic change in the currency standard
of the country’, by the virtual adoption of gold as the
only measure of values when the silver purchase law
of 1890 was finally repealed on the first day of Novem­
ber. Tne new policy of the Government of India in
discontinuing the free coinage of silver for individuals
was announced here on the 27th of June. The World’ s
Fair at Chicago was a prodigious success iu its later
months and served a good purpose in diverting the at­
tention of the people from the gloomy financial situa­
tion. An outline of the new Wilson tariff bill wa3 first
published in Washington on November 27. The course
of the year was strewn with the wrecks of great cor­
porations, which had a deadly effect on prices at the
Stock Exchange. On February 20 came the Philadel­
phia k Reading receivership ; on May 4, National
Cordage ; osS July 25th, Erie ; on August 16th, N orth­
ern P acific; on October 13th, Union P acific; on
December 23d, Atchison, and on the 27tb, New Y ork
& New England,
It seems necessary to follow quite closely the course
of the Bilver agitation in 1893, as business interests in
all parts of the country were bound up with it, and for
a long time the transactions from day to day in every
bank, factory and merchant’s office hung upon the
prospects of silver purchase repeal. The act of July
14, 1890, commonly known as the Sherman Law,
compelled the Government to purchase every month
4,500,000 ounces of silver bullion and to issue
against such purchases legal-tender notes payable
in coin. Early in 1893 it had become painfully evi­
dent that the continued execution o f this law would
rapidly force us to a silver basis of currency values, as
gold was leaving the country in largo amounts while
the gold reserve of the Treasury was steadily declining.
In the first six months of 1893 the net gold exports
from the United States were as follow s: In January,
112,213,553; in February, $12,988,088; in March,
$1,504,991 ; in April, $18,344,979 : in May, $15,205,760: in June, $1,701,544— a total for the half-year
amounting to $61,958,895.
Nothing was accomplished towards securing a repeal
of the silver purchase law iu the first two months, and
there was great disappointment when President Cleve­
land, after his inauguration on March 4, failed to call
an extra session of Congress because he had good reason
to think that repeal could not then he secured. Ou the
15th of April Secretary Carlisle suspended the further
issue of gold certificates by the Treasury for gold
deposited, as this was required by the law of July 12,
1882, whenever the gold in the Treasury " reserved for
the redemption of U. S. notes falls below $100,000,000 ; ” though by the Treasury returns it appears to
have first actually fallen below that limit on the 22d.
Mr. Carlisle's action caused much alarm, as it was
reported that he would no longer redeem in gold the
coin notes issued for silver purchases, and a suspension
of gold payments seemed imminent. On the 20th he
announced that he would pay gold for all notes so long

10

THE CHRONICLE.

{ VOL. 1A I I,

The table below groups in our usual form the salient
as he had “ gold lawfully available for that purpose.’
This did not clearly apply to the #100,000,000 fund, ; statistics for two years:
GENERAL, SU M M A R Y F O R T W O YEARS*
th it week from New York and
exports
and i
,000,000. On Monday the
1893.
1892.
Bosh
and'? positive announcement Coin ami currency in U. 8. Dec. 31..$' 1,764,935,923 1.846, 161,308
24 th
Bank ole*ritiffs In United States...... $, 02,321,984,539 54,330!,S08,322
-ere unanimous in the detf-r- Business
d his 0
331 ,422,939
114,044,167
failures................................. $ ’
90,.977,839
85,875,092
N, Y. Stock.Exchange-shares.
parity between gold and sil-j Bale.--at
33.554,085
,497,878
Sales at Consorted Bxcliaiige.shares,
908,000
Petroleum
cert's
at
.V.
V.
St’
k
Ex.hhls.
481,000
ial obligations or tne uov- j
6,930,700
2,.917.800
“
"
at Consol. Ex. bids.
1,342.,566,745
1,585,154,365
Grain
and
flour
at
Prod.
Bxcli'e.bnsli.
confidence for the time i Cotton at Cotton Ex.-liannc.......bales,
13,359.500
• 46. 915,900
726: 350,047
775,804,599
0 gold reserve was thereafter |Im ports o f tnerelmndise I I ! jn os,)...$
350.874,842
782',551,510
E xports o f merchandise (11 m o3.)..$
47,741,921
5.102,192
Net
exports
o
f
sold
(11
rnos.)..........$
tit expenditures throughout
,’ r U
486,445,527
479:,912.167
Gross earnings 124 roads (11 in os ) .$
4,048
2i630
Railroad
constructed..................
miles.
t had fallen to $80,891,600.
515,949,000
*400,,000,000
Wheat raised.............................bushels.
*1,650,
1,628,464,000
,
000,000
Corn
raised...............................
bushels.
inued to loom up as a spectre
6,717,142
t7.,275,000
C o t t o n r a i s e d .................... .......... .......... b n le s .
10,255,840
m etery cat ilni ion lor the future, and business went Pig iron produced, (tone o f 2,000 lbs.)
0)
Steel rails, Bessemer, (tons 2,000 lbs.)
1,722.098
from bad to worse. On the 5th of June President Anthracite coal.. . (tons o f 2,240 lbs.)
41,803,320
43 , 000,000
32,761,406
Petroleum (runs) production— bids.
30,,457,172
Cleveland announced that Congress would be convened Immigration into U. S. (lO m os.1.......
'493,276
455,908
9,328,803
Pnh. hind sales Irr.end’g .Tune 30) acres
8 ,224,637
in special session between Sept. 1 and 15, and this gave
Note —The sales at the New York Sfcoek Exchange include all shareB
encouragement for a time, but it proved to be too re­ of stock except bank stocks and all trusts except petroleum eertlflcat.es
sold in bairels. Bales at the Consolidated E xchange both in tne ease o f
mote. Tho India silver decree prohibiting farther coin­ railroad stocks and in the ease of p ipelin e certificates represent
the actual sales as com p ile! hy us from the d aily transactions.
age of silverfor individuals was made known hereon the Grain and flour at the Produce Exchange in elude flour reduced to wheat
at 4b> bushels ner barrel. Cot on sales at the Cotton E xchange do n ot
27th. Tne financial crisis made rapid progress, the banks include “ exohanees” of futures. Im migration statistic,!- are given
in New York bad already begun to issue Clearing-House exclusive of immigrants from Canada or Mexieo.
* Ti is is an estimate; Agricultural Bureau’s figures w ill Dot be ready*
t New York brokers’ average estimate.
certificates, and the pressure in monetary affairs was in­ till next week.
The business failures each year, as compiled by the
tense, when the President on June 30 called Congress
together for the 7th of August. The intermediate Mercantile Agencies, reflect in a general way the
period was one of the deepest depression, and hank results of the year so far as disasters are concerned,
failures in ihe West and South paralyzed business in though it should be clearly understood that these fig­
ures are only approximate and cannot, from the nature
many sections.
The details
In July and August there was a prodigious effort to of the case, be made very accurate.
meet the demand for currency, which was so urgent regarding failures and suspensions are given elsewhere
that in the latter month, a premium was paid for in the C h r o n i c l e with comments upon the different
money, often as high as 5 per cent. By the issue of phases of the year’s misfortunes, and in this column it
Clearing-House certificates in New York and other is desired to point out simply those general causes
cities, by imports of gold, and by the increase in national which led up to the year’ s results.
In the first place it may be remarked that the tableehank circulation, there was added to the currency in
compiled by the Mercantile Agency of R, G. Dun &
those two months $128,831,276, as follows:
Im ports ot told in July ami August.................................... $46,398,930 Co. do not include in their comparisons from year to
Clear!mt-Hooso certificates in four cities............................
62,165,01 O
Increase in national bank circu la tion ....
..................
20,267,346 year the failures of banks and other financial corpora­
Total increase two m onths...............................................$128,831,276 tions nor of railroads, and hence the table below isCongress met on August 7 and a bill repealing the supposed to include only the ordinary mercantile^
silver purchase clause of the law' of 1890 was speedily manufacturing and other business failures. But the
introduced in the House and sharply debated until crisis of 1893 was emphatically a banking and currency
Monday the 28th, when repeal was carried by the un­ crisis, and the bank failures of the year surpassed all
expected majority of 131 votes. This was the turning previous records since the national bank system was
point of the whole financial crisis of 1893 ; confidence inaugurated. In the first ten months of the year
was restored like magic ; money] began to come back there were altogether 158 suspensions of national
into the banks, and kept on accumulating, until on Dec. banks, having a capital of $30,300,000, though
30 the surplus reserve of the New York banks reached some of these were very small and weak concerns like
$80,815,150; the Clearing-House certificates were drawn the Dwiggins banks in Illinois. Out of this number
in gradually, and by Nov. 1 all were canceled. After the Comptroller reported that 86 had resumed by O cto­
that decisive vote in the popular branch of the Na­ ber 31; 65, with a capital of $10,885,000, went in to
tional Legislature the country never lost confidence, and recovers- hands, and 7 remained in examiners’ hands,
ultimate repeal was considered certain notwithstanding with a good prospect of resumption. But the failures
the desperate opposition in the Senate.
of State banks and private bankers far exceeded those
The House bill went to the Senate on August 28th, of national banks, and compiling from various sources
and then followed one of the most hitter and prolonged of information. Dun’s Review of December 30 published
contests ever known in the history of our legislation. the following statement representing national and State
Senators from the silver-producing States were joined banks, private bankers and other financial institutions
by many of those from the South, who always wanted suspended in 1893, together with their reported assets
more currency of any sort, and the bill was hotly de­ and liabilities.
SUSPENSIONS O k N A TIO N A L AN D STATE B A N K S , A C.
bated for two months while the business of the country
Stales.
Yo.
Assets.
Liabilities.
languished. The firmness of President Cleveland in New England States___
ir
$9,852,895
$12,546,000
States............................
§5
standing for unconditional repeal finally broke the Middle
41,460.089
43,478,618
Southeastern States......................
go
29,111,842
22,119,514
Souih western States___
ei
opposition, and the bill passed the Senate October Central
29,703,776
States.......... .......................
-14026,254,154
38,766,378
37,457,963
Western States..................................
218 57,264,427
30 by a majority of II votes ; it was concurred in by Pacific
39,554,298
States...........................
31,634,752
26,138,639
the House and received the President’s signature od
T o ta l............................................... 642 $234,345,587 $210,998,808
Nov. 1. By a singular coincidence the last of the
Merchants in general stood the test of 1893 remark­
Clearing-House certificates issued in New York were
ably well.
1 hey were not shown to have been too
canceled the same day.
largely extended in credits, and the failures were less

J axcaby 6, 1894. J

THE CHRONICLE.

than might have been expected considering the par­
alysis for a time in the demand for goods, and the
strangulation caused by the closiog of banks. Manu­
facturing and industrial establishments fared badly and
the great closing down in July and August was one of
the characteristics of this panic year. Weak concerns
were obliged to suspend, but the great vitality of others
was remarkably shown by the test, and after a period
o f enforced idleness they resnmed business in large
numbers after the silver question was regarded as prac­
tically settled by the vote of Augnst 28th.
The Stock Exchanges in New York and other cities
had to bear the shock not only of the general diffienl
ties arising from the silver agitation, currency troubles
and bank suspensions, but also successive cyclones of
depression coming with the collapse o f each o f the
great corporations that went down, viz., Reading, N a­
tional Cordage, Erie, Northern Pacific, Union Pacific,
Atchison and New York & New England. The shrink­
age in prices was enormous, but the strength and vitality
of bankers and brokers was again wonderfully shown,
and great as were the losses failures were very few,
and those that ocurred were chiefly among brokers or
speculative firms largely interested in the securities of
some o f the failed corporations.
The following table (compiled for 1893 as nearly as
possible on the same basis used in prior years) shows
the failures in each quarter for every year since 1879.
____

> n u m L i ra iu x u a in n u trarran ■tatul

Tear*. 1 *t Quarter 2d Quarter.
i--,.

18*41
1882
1883
!--l

I--'.

lt-i
1887
1888

1889
1890
1891
1892
1893

34

Quarter. Ith Quarter ! Total Tear.

•12.777.071 ♦20.111,689 *12.121,122 *20,711^13' *03.732.000
.1 21,117,2*0 10,499,395 10.112,365 30,0004*22 81.135.992
.1 33.338.27t 17.212,619 18.912.893! 32,023,751 lot,.347.304
.1 38,372,81: 27.810,391 32.072,881, .51,612.2.511 172.874.172
.1 10,180.97* 81.201.301 36.027.821. 1.3.321.328 j 2204143.127
. 40,121.031 28.001JOS 23.871.391 2.3,623/575. 12141204121
. 29,081,728 20.7*2.731 274127.030 30,982,029 111.611.119
. 32,161.782 224170331 73,022.350 39.100.296 1074300.911
] 38.881.789 29.229.371 I 22.111.231 1;
123.320.973
.! 12.972.M* j 22.8SO.337,' 39.227.Ot5j 43.728.13f 118.7*4.337
3 7 ,i 3 i .i > 0 - 27,100.116! 33.452.430 89.085.111 1894*36.901
.! 12.167.031 ■'•0.218,030 44,302,491 .33.119.e77 189.803.038
.; 39.281.349 22.989^31 184130.235! 33.111.252 111.1*41.1*7
. 17,338,300 121.382.539 82/470,040 8O.092.CW 331.122.039

Our usual summary o f comparative bink statement*
and various price* in New York on or about the second
of January for three years is brought forward in the
table below. These figure* are in the nature of results
or conclusions reflecting the operations o f the preced­
ing year. The bank statement for examp'e (D o :. 30,
1833), shows quite remarkably the great accumulation
o f currency that took place after the ]>aaic o f 1803 wai
over, and how funda were sent back to New York
from all sections o f the interior almost as quickly as
they were withdrawn daring the summer. T oe sur­
plus reserve o f $80,815,150 is by far the highest amount
over reached, and the deposit* of 1506.437,800, though
by no means as large as the deposits in the summer of
1892, are about 165,000,000 greater than at this time
last year. Money oo call at } of 1 per cent a year is
not without precedent in this market, but this rate
is low enoogh to point out clearly the present
superabundance o f loanable funds. Silver bullion certifi
cates are no longer quoted. The lowest point touched
by them at the Exchange was 62 on June 29, 1893, after
receipt of the news that the Indian Government had
discontinued private coinage.
The small list of rather exceptionally strong railroad
atocks does not reflect the great depression, and only
Rock Island, Erie and St. Paul show a decline that
indicates at all adequately the collapse in stock values
during 1893.
Prices of merchandise make an extraordinary exhibit,
and in such leading articles at wheat, wool and iron it
would seem as if bottom prices must have been reached.

IL

I a these staple products phenomenally low prices
were made in 1893, and their prices yet remain near the
lowest mark.
The fol'owing summary shows the condition of the
New Y ork City Clearing-House Banks, rates of foreign
exchange and prices of leading securities and articles o f
merchandise ou or about Jan. 2 for three years.
S0.UM.iKr 03 OR ABOUT JANUABT 2 18 1892, 1893 AND 1834.

.V. F. <?•/*> H anks
Loans and discounts.............. £
Specie .......................................*
Circulation ...............................s
Net d e p o s it .......................... £
Lfital tender*............................>
Surplus re-cjNe hvid................*
F )/ mw, E s K ange , S ilver—
CalliosuH.....................................
Prime i aper. 60 days..............
8ilv«rl't London p e r o t........
Silver Ortm » e« in N. Y. ...
Prime st» r. bilio Mem.) ported
United tfiultB B tnrtti—

1892.

1893.

18P4.

138.616.400
93.972.rii0
5.537,101
160,218.201
37,814.41 0
17,232,050

137.72240
75,968 3 in
5,5f 4.801
441,5*9,401
42.Ol-.60i
6,839,001.

417,606.900
106,316,-106
13,111,900
500.137,800
101 108.200
80,815,150

3
1*4<» 5%
4a%d.
95
1 85

6
38% 1.
83
188%

597

1 ,1 %
3% » 4
31% d.
*
4 87

6s currency. 1898.....................

115% hbl.
116»* bid.

N. Y. Ontr-sl A Hudson River.
Erie IS V I.. K A W ) ........
latte ftliore >t Michijuu South'll
Mtrhlic to On*r*I : ....... .......
Cuicatro Roc* (aland te Pact Do
IdlneU Ceoir.l ..........................
Chte**«» A N>*'lhwaMt» n. com
Chic. MllaauKeedc St. P com
Del4 w rv Lack «wanna A West
Central of .New Jecurjr.............

116%
34%
12 i ‘a
106
89 Q
109 *«
110*,
82 »a
139
1L3

•
i « <*f I NOT. *« upoa.....................
&S4 ilr**ad s <*ck* —

U rrk n u d tst—

117%bid
113 Si

110 bid.
112x bid.

109
24
12-%
101%
82%
9W»*
112

96%
11%
119%
96
62
90
97%
m S
161*4
113*4

77\

151
126

Outt<«. tuHdltnjr upl'ds, per lb.
7«s
S’ s
Standard •!><-«•log., 36 In.. ..
6%
0%
Wool. Ohio X X ....................lb.
30 * *l
28 ,2 9
Iron. Am-nc-Aoptg, So. 1 ton 10 00-17 00
1.3 00
Sire! rati* at udlla__ ___ ton
30 00
29 00
Auih't* Coal. Wlikea. stove, .ion
390
4 75
Wnrat. No. i rod winter..hush.
1 04 \
79%
Corn. Weal, mlted So. 2. bod
49*4
•its
Cork. m is................... per bb|
10 uO
10 2.3
“u»»r. o-ntilfugsl. «6 deg. . lb.
3 A. e.
Osttrs, Rio So. 7
.......... .lb.
13%
iV*
IViroleuiu rip* Use eerHO's...
5u
|
52%
‘ .Tot now quoted >1 the V. Y. Stock Exchange.
AtlRlCtJI.TCRAL PRODUCTS.

7'»,«
0%
24
11 OO
24 OO
4 45
65*4
43
14 0014 25
2%
18%
80

The season o f 1833 was n >t dutinguuhed for a large yield of
any of itae leading products o f agriculture. O j the contrary,
the crops of wheat, corn and oats were very sin ill while cot­
ton gave a better return. The famous crops of 1891
hid set such a high stindard for the maximum yield o f agri­
cultural product* that the reduced out-turns in 1833 and 1838
seem the greater crop failures. The corn crop in particular
was a serious disappointment in 1893, as this fs the great
home crop, far aurpiaiog the small grain* in importance,
«nd the prospects early in the season were high'y favorable.
Hut the drought worked great d image io ths summer months
and cut d >wn the estimites as the season advanced. The
wheat crop of 1893 is estimated at only 400.0)9,000 bushels, a
decrease of 115,810,000 from 1893, and the emallmt crop since
1-93 except that o f 1890. Com is estimated at l,e50,000,000
luubels, or a little larger than in 1893. Oats are put at
*711,01)0,004,1 bushels, or 31,000,000 bushels lees than the previ­
ous year. But the Agricnltual Bureau report on Jan. 8, 1894,
may change all these estimate figures to some extent.
In cotton production the year was somewhat better than its
predece*sor, and the inclination to plant more heavily was
encouraged early by a better range in price*. Estimates
of the incoming crop vary wid-ly and the figures given below
are from some o f the estimates current among broker*.
The following table shows the crops o f wheat, oorn and oats
as estimated and the crops of cotton aa reported yearly by
lb* Chronicle :
canes o r
Year.

|

wiibat . cobs , oats a » d cottok

Wheat.

Corn.

stsca 1878.

Oats.

Cotton.

Bush.
Bush.
Bush.
Rales.
1879 (Census) 459.483.137 1.754.591.070 407.858,999
8.757,397
1H80............... 498,549,068 1.717.434.543 417385.380 6.509.329
1681............... 383,280,090 1.194.916.000 410.401.000 .3.435,848
1*82.............. 504,185,470 1,617,025,100 488.250,010 0.992.234
1883.............. 421,080,100 1.551.000.893 571,302.400 5,714,053
1684............ 512.705.000 1.795.520.000 583.028.000 5,660,021
1885.............. 357.112.000 1.936.170.000 029.409.018) 0,550.215
1 9 8 6 ............ 457.218.000 1.005.441.000 624.134.000 0,513,023
1687
... 450.329.000 1.450.101.000 059.618.018) 7,017.707
1688
.. 415.800.000 1.087.790.000 701.735.000
0,035,089
1689............. 490.500.000 2.112.892.000 751,515,188) 7.313,726
1-!!»>.............. 399.202.000 1.469.970.000 523.021.000 8,055,018
1891............. 01 i ,7-60.000 2.000.
738,394,OOO 0,038.707
154.000
1882.............. 515.949.000 1.028.464.000 001.035.000 0.717,142
1893 ............. •400,000,1)00 •1,050,000.000 •041,000,000 (7,275,000
•Estimated : Agricultural Department figures not completed.
'N ew York brokers’ average estimate.

The world seemed overstocked with whpat, and prices broke
down to the lowest point for years. Notw iihstanding the im-

THE CHRONICLE.

12

root!.-* decrease in the crop of the United State*, the visible
*u[>ply remained largo and prices continued very law in the
later months, and on Jan. 2,1891, No. 2 red winter sells in New
York at tkV-lc. against 79 Vi'e.ia 1898 and $104s., in 1892. Farmers
in some part* of the We-t have sold wheat as low as 85 cents
a bushel. In cotton the depressed condition of trade in
different parts of the world worked against the price of the
raw material and the crop h is come to market very freely, so
that prices on January 2 are about 2 cents per lb. below those
of last year. The Bureau makes out that the planters were
receiving less for their cotton in November than they re­
ceived in the famous big crop year 1891.
As to prices of products received on farms and t ’ •Nations,
the Agricultural Bureau report gave the following clim ates
in November compared with previous years :
avkkaob pricks rmckivrd

nr

farmers a so plasters

1$88.

1889.

1890.

1891.

1892.

1893.

Cents.
'P®t Inishel . 92-11
B ye, imr bttrfJtei
59*1
Chits*f*er bushel .. .
27-8
Barley, per tnistiel.. 59-6
Cksru* per bushel__ _ 34*1
Cotton, per pound .
8-5

Cents.
69*8
45*7
22*9
42*7
28-3
8-6

Cant*.
83*8
02*9
42-4
64-8
50*6
8-6

Cents.
83-9
77*4
31-5
54*0
40*6
7-3

Cents.
62*4
54-8
31-7
-17*2
30-4
8-4

Gents.
52*1
51*8
28-8
40*6
37-0
0-90

The exports in the fiscal year ending with June 30, 1803,
were only weif sustained in flour, and of this manufactured
product the quantity sent to foreign countries was larger than
ever before. Wheat, though falling much below 1891-92, was
ahead of any other year in the past decade, but cotton was
below any year since 1886, For the five months July 1 to
Dec. 1, the latest yet reported, exports of flour were 2,095,171
barrels against 1,978,195 in 1892; wheat exports in 1893 were
51,019,835 bushels against 56,421,279 in 1892, and cotton exports
2,095,171 bales against 1,976,195 in 1892.
E X PO R T S o r F L O O R , W H E A T , CORK AND COTTON SINCE 1 8 3 2 .

Y ear ended June 30. j ' ^

™

'

Wheat.
Bushels,

Com.

Cotton

Bales.
9,205,664 '106,385,828 40,586,825 4,626,808
9,152,260 I 70,349,012 43,247,490 3,884.233
1895...................
: 10,648.145
84,653,714 51,834,416 3,969,568
1886.......................... 1 8,179,241 I 57,759,209 63,655,433 4,283,723
Bushels.

1883 .......................)
1884 .......................i

1897........................... I
1898............................1
1889 .........................:
1890 ......................
1891 .......................
1892— .....................
3893...........

11,518,449
11,963,574
9,374,803
12,231,711
11,344,304
15,196,769
16,620,339

1101,971,949
65,789,261
46,414,129
54,387,767
55,131,948
157,280,301
117,121,109

40,307,252 4,499,579
24,278,417 4,696,017
69,592,929 4,872,060
101 9 7 >'717 5,020,913
30,768,213 5,820,779
75,451,849 5,891,411
46,037,274 4,431,220

UNITED STATES PUBLIC LANDS.

The sales of public lands in the year ending June 8(1, 1898,
fell about 1,104,000 acres below the sales of the preceding
year, but slightly exceeded the sales for 1891, which latter
were the smallest of any year since 1878. Of course the best
and most desirable lands, at least in the older States, have
already been taken up, and iu the newer and remoter sections,
where there is still much vacant land, the fact that the rail­
roads have been obliged to stop building new extensions
keeps the land inaccessible. Besides,the general agricultural
situation has hardly been favorable to the settlement of new
lands, more particularly in the low prices prevailing
for many farm products. In our tables only those lands are
included in each year which were presumably taken for
settlement, as lands patented to railroads or swamp lands to
<.nly transferred from the General to the State gov­
ernments or to railroads, and do not constitute any part of
the lands opened up for settlement or cultivation. The tables
showing land sales were published in the I n v e s t o r s ’ S u p p l e ­
m e n t of September 80, 1893.
MANl FACTE RES —IRON, COAL, PETROLEUM,

The cotton consumption of the United States in the year
ending August 31, 1893, was estimated in the C hronicle's
annual crop report at 3,683.701 bales, against 2,700,471 bales
in 1891-92. Tlie year was far les3 favorable for cotton spinm T4 than m pred. Conor had been, and this was owing mainly
to the financial condition of the country in the last half of that
ymr, from March 1 to September 1. The Fall River manufactunr g COB. p a n to made a good exhibit, of earnings, and
Unny-,.x concerns, with a capital of $31,438,000, paid average
dividends of MW per cent in the calendar year 1893, against
.m2 per cent in 1893, but in the last two quarter* of 1893 the
dit i.h n.jij e mid hardly have been paid from earnings, as
many mills were closed during part of that time.
The trade in woo! and woolen goods opened the year with
every promise of an excellent business, but after the first few
months the financial crisis broke up all prosperity ami iu the
summer many mills were shut down. Late in the year the

[VOL. LYIIL

proposed tariff changes brought in a new element o f uncer­
tainty, and the trade both in goods and the raw material closed
with a tone of depression and prices near the lowest point.
Iron production in the first half of 1893 kept well up to the
ver.v large total of the year preceding and the output o f pig
ir n for the six months was reported at 5,110,468 tons of
2,000 lbs. each, against 5,342,045 tons in the same period of
1892. In the last half of the year, however, under the finan­
cial panic and the almost complete paralysis of industrial
activity, the iron industry suffered extraordinary depression.
In advance of official data it would be hazardous to venture
an estimate of the production for the twelve months, but an
idea of the intensity and magnitude of the depression can be
gained from the monthly record of the furnaces in blast
prepared by the Iron Age of this city. On the 1st of May 251
furnaces were reported in blast having a capacity of 181,551
gross tons per week; from this time on the numberdiminisbed
in each and every month till on October 1 only 114 furnaces
were iu blast, with a weekly capacity of 73,895 tons. After
that, some improvement began, and on December 1 the num­
ber of active furnaces was 130 with a weekly capacity of
99,379 tons.
Notwithstanding the break-up of the Reading coal,
combination early in the year, and notwithstanding
also the very unfavorable financial and business con­
ditions which prevailed in the last half of the year,,
the anthracite coal interests may be said to have had
a fairly prosperous period. Prices at the close of the
year were lower than at the beginning, but production
increased fully a million tons over the unprecedented output
of the year preceding, and consumption seems to have in­
creased in an equally large amount, as tide-water stocks were
reported 721,164 tons November 30, 1893, against 733,458 tons
November 30, 1893. The price of "Wilkesbarre stove coal on
Dec. 31 was about 04 45, against 84 75 in 1893. The total pro­
duction of the year is estimated at 43,000,000 tons, against.
41,893,330 tons in 1892.
The petroleum product fell off during the year. The Buck­
eye runs amounted to 14,517,780 bbls., against 13,925,557 bbls..
in 1892, while the deliveries were 14,638,634 bbls., against
16,631,734 in 1892. The Buckeye stocks Dec, 31 were 18,500,000, against 18,604,442 in 1892, The old Pipe Line runs were
30,457,172 bbls., against 32,761,468 in 1892.
The old Pipe Line runs and deliveries in each calendar year
since 1882 and stocks at the close of the year, and. the exports
for the fiscal years ending June 30, have been as follows :
Ftse’l year end­
ed June SO.

Calendar year ended Decem ber 31.
Buns,
Barrels.
1883 .......
1884
1885 .......
1886 .......
1887
1888 .......
1889 . . . . .
1890 .......
1891
1892
1893

24,385,968
....................
23,704,510
21,225,203
26,043,645
....................
21,819,027
16,259,977
21,519,636
29,130,751
....................
34,486,923
....................
32,761,466
30,457.172

residuum and

Deliveries.
Barrels.

Stocks.
Barrels.

21,967,636
24,053,002
24,086,104
26,396,483
27,347,998
26,470,054
29,472,864
30,628,738
28,761,073
30,502,114
35,707,347

35,715,565
36,872,892
33,539,038
33,367,898
28,357,112
18,595,474
10,904,783
9,295,513
15,354,233
17,395,389
12,200,000

j

XI. S. Exports."

Gallons.

499,786,266
508,302,968
568,106,520
574,555,480
589,554,441
576,982,396
614,511,805
661,845,698
708,220,777
714,808,479
803,680,186

om ‘16 an<1 refined, t o t not including
FOREIGN COMMERCE.

The only feature of special interest in the foreign trade
movement was the large importation of merchandise in the
first half of the year and the sharp falling off in the later
months owing to the financial crisis. In the first six: months
the value of imports of merchandise exceeded exports
oy 868,800,009, The exports of domestic products did
not make a favorable exhibit as compared with former
years, since^ the moderate yield of crops and the low
prices prevailing combined to make the export values
re atively small. The gold movement is indicated below
under trie title of Foreign Exchange. The table of exports
and imports for eleven months ending with November was
published m the C h ron icle of Dec. 23 on page 1061.
CITY BANK MOVEMENTS.

The New York city banks were called upon to sustain a
most extraordinary burden in the summer of 1893, and the
wise and liberal action of the Clearing-House committee is
generally beheved to have averted much more serious dis­
aster to the banking interests of the country. There was no
great pressure on the banks until June and then the drain o f
currency to the “West and South began, Deposits 'were.

THE CHRONICLE.

J anuary 6, 1SS4.]

steadily drawn down from $431,€00,000 on June 8 to $370,302,400 on August 19, which was the lowe-t point of the year, and
by December 30 they had risen to $506,437,800. The surplus
reserve fell off front $20,937,500 on June 3 to a deficiency of
$5,082,023 on July 8, the first time a deficit was shows, and
this was increased to an extreme deficit of 816,545,375 on
August 12, from which point the banks recovered, and on
September 9 again showed a surplus amounting to $2,968,375.
This surplus continued to increase, with very little variation,
until the close of the year, and reached the unprecedented
maximum of $80,815,150 in the last statement made on
D e c e r n r 30, The maximum surplus prior to 1893 was
reached <-n July 80, 1885. when it touched $64,724 l‘X). The
bank officers acted promptly in June in authorizing the issue
of Clearing-House certificates and the fust were issued on
June 21. They were taken by the banks in large amounts
during July and August, and the highest amount outstanding
at one time was reached on Augis- 29 ($88,28),000) which
amount so remained until September 6, after which date they
were gradually retired and the last were canceled on Novem­
ber 1. In the crisis of 1873 $26,565,000 certificates were issued
in 1884, $24,915,000, and in 1890-91, $15,203,000,
m H »tx

axi> miximck

DEfostrs o r sew m u s ctrr

hank *.

Minimum.
18 8 2 ,...,- - ..,. ............
$J22#8« 3 ,2O0 July 29 #277,»3o,i««(( Nov. 45
)N~3.................................. . 377,378,700 July 14 279.944.200 J U r, 31
1884
........................
363,544,400 JVI». 18 2m t:-.W ,K >0 June 2 1
Altx. 22 31O.81SJ40O jr*ii. 3
1885
................................................................................
I48 6....................................
3SMUW0,800
13 3 45,708,500 8vpt- 11
1867..... .............. ................
31*2.77 W OO Frb. 12 311,1*3.5,900
24
1 8 8 8 .......... . . . . . . . . . . . . .
421,8*4,300 Oct, g o 371.305,900 Jan. 7
1889........ .................. .
445,707.500 Ju ly «l S05rrti»>,OOO Dee. 14
1 1 9 0 ,,,. . . . . . . . . . . . . . . . . . . . J 431,508,600 PeK Hi 37C .74A 800D bcl 13
. . . . . . . . . . . . . . . . .......
4 & 5 6 0 6 6 6 0 b « e . 281 3*3,491,500 June 13
1892, „ .
...... ... .
&43,«<S3.1t'»Jtua» I n 4 4 4 3 7 0 ,1 0 0 Dee. 24
1893............. ! ........ ..I I I .!!
S0 6 .4 3 7 6 0 0 Liv . 30 37 0,30 2,10 0A ii«. 19

MAXIMUM AMU MINIMUM SCMM.CS I M t t T I FOE TME1TE TEAKS.

Mm
xm s..... .
imm............. .

$10^5 jMO Apri
!0,f»O7..* 7 J s?
4%‘jtn us*
64,724 ,100July

13

much sensitiveness and occasional stringency to borrowers on
stocks, the rate for call loans touching 60 per cent in March
and 40 per cent in the stock panic the first week of May. But
it was not till June that the great pressure began to be felt, as
the demand for money from all parts of the country caused a
steady drain on the New York banks. A climax was reached
on the 29th when money was loaning to stock borrowers a3
highas 74per cent and several large banks then took out $6,000,000 of Clearing-House certificates and offered money freely,
breaking the call loan rate down to 3 per cent. This relief wasonly temporary, the market dragged on through July and
August with an enormous pressure on our banks for currency
to ship out-of-town, and early iu August the currency famine
was so great that a premium was paid to money brokers for
currency of any sort—gold, silver, silver certificates, coin
notes, national bank notes, greenbacks—anything with which
to pay bills. This premium often went as high as 5 per cent,
or $30 to get $1,000 in money, and it lasted into the early days
of September.
The additions to the currency of the cauutry in July, August
and September, (mostly in the first two months) were: in net
imports o f gold $51,641,013, in bank Clearing-House certifi­
cates issued in New York and other cities $63,152,600, new
national bank circulation $29,976,707, a t tat of $144,769,720
brought in to relieve the great money famine of 1893, besides
$4,128,818 of coin note* issued by the Treasury against silver
purchases.
After the House vote in favor of silver repeal on August 28,
the whole j-cccm changed. Money began to come back into
the banks, until they were finally overloaded with it, and rates
on call declined in December to
of 1 per cent per annum.
The following table shows the range of call loans in New
York each wtek, and also the quotations for prime short-date
commercial paper:
CALI

LOAKft AXD COMUKKCIAL I'ACRR IK 1893.

4£f3
Ko%*. 11 1 WmitmStng
Prim*
WlNSk
Call
Prime
•del. 0.,770,8m Mm, 17
Frif-tiiy.
Papur.
Friday.
Loans,
.....................
6**t «:007.>1pMmy 22
1689..................
24, ,7120I5l* IjS **. 24 j .<u. e .......... 4- 9 7
Jnlf 7., ....... 3 *25
8 *12
lN*H. ..............
36# %5#»,
4,
00 Bee. 18
- 13.......... 2 >9* 8 5%#e ii ** 14.. ____ 3 *20
8
1NS7.....................
,150 Jan,
,3153
m
Jun^
25
*
*
I%r*
5
■
M
21.,
s *12
......
1
3
*11
I ss-8....,___. . . . .
jm jm Jm%*
Mt I'M-r. 21*
•* 27..... .
1 # 4
;;>h ; ** 2$.., ...... , 2 *78
8 *12
1 8 8 9 . . ***„.,
2i* 014 llCJNOJilts*
F«b
3.........
i.
*
a
|
4
t%
9
f*
*
«
•(Am
g*
4
.,
.....
|
2
*51
%
m2
isno,..
t$; m i 050 Jan.
•* lu......... 1 *1 * 5 }& *§% |1
25 m pz 13
2 m (% H *12
U.v
Jus,
24,
** 17........ 2 * 0 In #u 1j “ 1$.. ...... 2 * a
*12
m.
\000 *Jmu
15
•• ‘44......... 2**S1S |u — 1 ** 2&.. .... ..J a # 7
tio
.
HJ
I f Meb. 8.......
3 *12
1 ..
2 W M 12
•* to........
2
m *s
•* 8 ..
2 &0
8 *10
>< 17.......
l V* 20 0 tNUS}, :\ 4* m , -v.......1 3 * 7 |8: -*12
vomm&n zxtmkmm.
!% * 7
“ 64........
0 rotn. p *•* 21 , , ,. : 2 * 5 -7%
The foreign exchanges played a most important part in the
“ 31............ 3
.. * 2 5
&mm
**
2 ■» 5 ■'7%
7........... 3
:5*a97 ?Oct* 0.. ..... 1*99 3 rnhrecord of 1893. Inning lb first six months of the year «ter!- April
* 5 0 mn
" 1 4 .......
*f 13,.. ... 1%9 3 0 WH
" 21.......
ing exchange rule ! high enough to permit of the steady
3
i *l4 * 0
mi ‘2
" as,.,..-,.
,»*-| i
export of gold, as the imports of merchandise during that M»y ■
W4Ltt U
r. 11.
1
i
5 *6
I
••M:
# 7
*%*10 r
10.
,,i i
4%*5%
period were unusually heavy white (tut exports of ttetmstfe “ M
it.*
■m 5 h h m l|
, j I
ih 4 *5
merciundiMt were light. The net export* of gold for the half,
m s 1*1%*8 13
i%„ ,4 #4%
1
1
1Jmm
0 At)
1
l 1# -4*®s -j %
year amounted to $61,938,896. The jjft-xt apprehension that
0 .. .. . .
a 12 m ml
2
IH *3%94 k*
1
15,
1%
3%*4%
the currency of the United .State* would he debswwl ton ail*•! »
2 3 ...* ....
t mm
i h m \ w4 \
ver standard caused stocks and bonds to lie sent hom<- f. r
30..........
III.
1$ *12
IH :-3%*4%
sale and prevented foreign investor* from making new par
chases. After the mi Idle of June there was a decided change I
EATLROAP ANP Mfil3SLLAJfTO!JS STOCK*.
in the condition o f affairs, and on account of the extreme | The history of the stock market daring 1808 presents a
monetary stringency rite, of aaefa xage fell off precipitately, |gloomy picture. Long before the silver difficulties had pre­
bank* rs' demand halts di'-.dining fro n -t H,i; ( early to 4 83*
cipitated panic upon the bUMae^a community, the stock market
near the close o f the month. Gold in small amounts was1 1 had already hmn tid ied with calamity arising from the most
then first ordered in London for exp irt tn New York, and a*
The first gr *at aliook of
money here remained at panic prices during July and August, 1i!i@ year cam© la the Philadelphia Sc H^adiog receivership,
the actual net imports of foreign g«>|.| into the United States j which occurred on Monday, February 20. after the payment
during the three months July to S<* temher, inclusive, j had been made on Febnt try 1 of fall interest of 5 per cent on
amounted to $71.64‘ J)13. This acquisition of gold was effect­ all three hMtiav«*f preferr©d toe »m * hoods. Tins great coled in part by means of sterling loans and was also made pos- I Itfise wm accompmoied by enormox-. sales, and on that day,
Bible by the expectation of a speedy repeat of the silver pur­ J February 2bt the number of shares - dd at the N. Y. Stock Exchase law. Late in the year there was less foreign buying of |eliangi* reached the high ’ t total ever recorded, amounting to
our investments than had been expected after the silver l.i«9,902 shares, of which 930,155 were of Philadelphia &
trouble waa out of the way, exports of domestic products I Reading t$5H ‘shares). The heaviest day*a bud.ness prior to
were light, sterling loans had to be settled and remittances |dd§ was on February It, 1892, in the upward boom tn Readfor January coupons made, and in the first half <>f December I mg lifter the lm*es of Jersey Cmtral and Lehigh Valley, and
sterling advanced, so chat a small amount of gold was shipped, |then the total sales reached 1*387*407 share*, of which 553,513
but tbi* wax only temporary, and st the clote demand *t»rl- j were of Reacting, The National Cordage stock dividend of
ing hills sold at 4 86,
j 190 percent wm distributed in February, 1893, and the* im r1 H i V»VKV MARKET,
j tret drifted on without much hope or animation until, the .first
The money market in 1893 was subject to the mo*t violent week in May * when a severe panic again occurred as % conse­
convulsions sn-J the rat** for call loan* went from .the quence of the National Cordage receivership and the breaks
extreme of ,4 per rent to , of I per cent per annum. In no do wn in the financial management of that company.
previous ■star have we a r*e jfd o f money lending below i per
After May the stock market simply kept pace with the
rent D icing the first five months o f the year there was financial prospects of the country. By June 30 matters had

THE CHRONICLE.

H

become so bad that President Cleveland issued his call for
Congre- a to meet on Aug, 7, and this gave encouragement
(o ra short time, but the financial prospects were too dark to
permit of long improvement, and with the Erie receivership
on July 25th the market drifted into the deepest depression of
the year, many stocks touching their lowest prices on July
26 and 27. There was no radical and permanent improvement till the vote in the House of Representatives on Aug. 28
in favor of silver repeal, and then there came a responsive
rise in the prices of stocks and bonds that placed the market
on a new level from which it never again fell back to a
similar condition of despondency. There was much dis­
couragement during the long and dragging debate ip the
Senate, and the Union Pacific receivership on Oct. 13 caused
new doubt and apprehension; but when the obstruction to
silver repeal was finally broken and it became known by the
26lh there was another sharp advance in stocks all along the
line which cuiuminafced about the 3Jth, foil >wed by reaction,
as usual. There was but a dull and dragging market from
this time until the end, and the Atchison receivership on Dec.
23, followed by the New York & New England collapse on
the 27tb, served to close the year with a feeling of great
depression.
The following table shows the volume of sales at the New
York Stock Exchange for a series of years.
SALES

AT

THU NEW Y O R K STOCK EX CH AN G E SINCE

’‘ Railroad and
Miaeel aneons
Stocks.

Railroad and
Miscellaneous
Bonds.

Shares.

$
246,769,410
281,768,100
499,955,200
660.659.400
587,237,500
347,127,330
345,914,057
398,825,425
401,829,220
383,715,000
485.857.400
351,851,450

1891.

Government
Bonds.

State
Bonds.

$
18,555,850
17.046.150
14.905.150
15,261,200
12,793,500
7,110,400
6,573,700
3.698,850
2,625,500
1,460,800
1,729,100
2,143,250

$
26,571,260
6,986,500
2.826,900
14,673,053
20,394,411
15,306,800
5,188,285
5,932,350
4,870,400
3,475,100
4,793,950
3,5 92.800
* This includes all stocks (except bank stocks) and also trust certitioates, die., sol 1 in the ‘ 'unlisted” department, except petroleum cenitioates sold by barrels.
18 82.......
1883
1884
1885
18 86
1887
1888
18 89
18 90
18 91
1892
1S93.......

110,307,271
97,049,909
....................
....................
96,154,971
....................
92,538,947
....................
100,802,050
....................
84,914,616
....................
65,179,106
....................
72,014,600
....................
71,282,885
....................
69,031,689
....................
85,875,092
80,977,839

The following table shows the opening, highest, lowest and
closing prices of leading groups of stocks during the year 1893.
RA N G E 01 ’ L E A D IN G STOCKS IN 1 8 9 3 .

Trunk Lines—
Baltimore & Ohio___
Boston & A lbany___
Canaan Southern___
E r ie .............................
Lake Shore...............
Michigan Central___
N. Y. Cent. & Hudson
Penns) U'ftuia...........
Coal Road—
D el, Lack. 1- Western
Delaware & Hudson
Lehigh Valley
New Jersey Central N. Y . Sn»q. <fc West’ n.
Phila, & Reading ..
Weat'n <feSouthwest'll—
Ateb. Top. <v Sun he.
Chic. Burl. & Quiney
Chic. Mil. .k St. Paul
Chic. & Nintiiwost’n
Cliie. B. I. & Pacific..
Great N' rthern, pi el.
Dlinoie C entral.........
Missoni 1 P.<eilto........
Wabash p ref............
I ’ncitlc R ars —
Canadian PaeSflo.. ..
Central P a c ific ........
Northern Paciflo.......
Do
do pref.
Southern Pile.Oatnv'y
Union P acitle.........
Bouthern Reads—
Ohcsrpeake & Ohio
Bast Tcnn. Va, & Go.
Do
1st prof.
Louisville & Nashv ;■
N orfolk & West. pref.
Texas & Pacitle........
MifK'dlaneeHa—
A m cr. Cotton O il___
Am . 8uj/fir........ ........
Amcr. Tobacco C o ... |
Ch*e 'go Gns___. ....
D istilling & Cattle F. I
Nat.) iiUlii ('ttTiltifZ*1,___I
National Lend C o___;
Norflt Aftierier e
!
Pacific Mall SP_____
V . S. Rubber C o.........
Western Union T el..
Pipe Line Certificates
SilverRulifnn Cor fit's

94
208

50
24

128 Li

1041

109%

1F54%
151
134
f 58%
126

18!%

52%

54%
195
34%
7%
104
79%
9*2
46%

J u ly
July
Ju ly
July
July
Aug.
July
Deo.

27
20
27
26
31
21
26
18

97%
227
58%
26%
134%
108%
11 I'd
55%

127 July
102% Ju ly
29% Aug.
84 July
8 Ju ly
12 July

27
20
8
26
27
29

175 Nov.
139 Jan.
02 Jan.
132% Jan.
k I % Jan.
53% Jan.

Jan.
Feb.
20ui
Jan.
' 48
Jan,
Apr.
_ 12 I
Apr.
8 x 96T
Jan. 251 981
Jan. 27 48
3! 1 6 U
2 7 ; 130
2T ft-7
37
21 112
23 14
25

(Vot,, H I U ,
REVIEW OF 1693 BY MONTHS.

J anuary .—The year opened with a quiet feeling in finan­
cial circles and the loan market was well supplied with funds.
The renewed gold exports and (he failure of Congress to take
any action looking towards silver repeal were the chief features.
On call loans the rates weie as high as 7 per cent in the early
part of the month but. soon fell off, and dura g the latter part
the average rate was 3 per cent. Prime short-date commercial
papsr was quoted first at 5^(3 6 and later at
per
cent. The New York City banks accumulated funds rapidly
and their surplus reserve stood at S8.943.450 on the 7th,
§15 610.450 on the 14th. §32.539,600 on tbeSlst and §23.143,300
on theSSih. Foreign excharge wasftrongtbroughouf and bank­
ers’ sterling bills ranged on actual dealings at 4 85%@489!<2 for
60 days and 4 87}.^<g4 87% for demand. The Bank of England
rate was 3 per cent at the beginning of the month and was
reduced to
ori the 26th. The imports of merchandise for
the whole United States exceeded exports by §7,494.S9S; net ex­
ports of gold were §12,313,553; net exporis of silver were
$3,b81,362 Silver bullion certificates sold as high as 8i% and
as low as 83.
At the Stock Exchange there was a tone of moderate
confidence and the most active business was dona in special
stocks, which were traded in heavily, each one for particular
reasons. The demand for investment bonds was fair and
prices were generally well sustained and in some cases ad­
vanced. The slight uncertainty at first about the
payment of interest on the Reading preferred income
bonds was. removed by the definite announcement that the
full interest of 5 per cent on all three issues would
be paid on Feb, 1, though it was generally understood that mon­
ey had been borrowed for this purpose. There was some activity
in the low-priced bonds and the issues of Southwestern roads
were strong, as also the Northern Pacifies. In the stock
market Western Union Telegraph was strong and touched 101
on account of the new interest in this stock since Mr. Jay
Gould’s death. Manhattan Elevated was also very strong,
selling up to 174?^ on the prospect of controlling new lines for
rapid transit. Denver & Rio Grande preferred was strong on
the resumption of the 1 per cent quarterly dividends. The
industrial stocks were leaders in speculative activity. Sugar
selling much higher and touching 132%, Lead 52J^ and
National Cordage 143^ on the expectation of a stoex divi­
dend of 100 per cent, which was soon declared, and a pool in
the st--ck was reported as clearing net profits of over $1,800,600. Distilling & Cattle Feeding was very weak and broke
down to 86^ on the failure to corner whiskey, which had bten
attempted in expectation that Congress would pass a law in­
creasing the internal revenue tax. The Del. & Hudson and
other coal stocks were helped by the severe cold weather.
N. Y. & Northern was higher on the reported purchase of con­
trol by Mr. J. P. Morgan.
Among leading events of the month an agreement was
made to lease the Brooklyn City Railroad to a syndicate at 10
per cent per annum on the stock ; the Phila. & Reading
negotiation with Speyer & Co., reported as a sale of collateral
trust bonds, proved afterward to be only a loan of §3,000,000 ;
the Central Railroad of Georgia reorganization plan was
issued by the Hollins Committee; the Central & South
American Tel. stockholders voted an increase of $3,000,000
stock to duplicate its lines on the west coast of South America;
the Manhattan Elevated managers applied for an extension
of their lines : National Cordage listed $10,000,000 new stock ;
Chic. Bur. & Quiucy offered §100 new stock and $100 in new
consol 7 per cent mortgage bonds to each holder of 13 shares
of stock; tbeN . Y. & Northern was reported as purchased
by Mr. J. P. Morgan : the San Antonio & Aransas Pass Rail­
road was taken over by the Southern Pacific.

o K U A K Y ,- -xn mis moDtii me exports or gold were con­
. r iS -------tinued on a large scale and the possibility of selling Grovern56f jnent bonds to replenish the Treasury stock of gold was much
112
1
di>cussed. The question of Mr. Cleveland’s calling an extra
82%
23
135
session of the new Congress in March to repeal the silver law
7 100
99%
25
was also talked of, as the prospect of getting any repeal in the
5'
21
present session became less and less hopeful. The New York
24%
7 13)
banks in the second week furnished the Treasury $6,880,000 gold
88%
06 July 27
90% Jan. 16
in exchange for notes and greenbacks. The stock market was
28%
16% Dec. 30
29% Jan. 23 16f
demoralized by the great collapse in Phila, & Reading under
16
3% Aug. 19
18% Feb. 14
the McLeod management and the appointment of receivers on
47 .
15% Aug, 16
50% Feb.
6
33%
17% Sept. 15
35% Jan. 16
the 20th. Money rates became much closer, and while call
39%
15% July 26
42% Jan. 27 18
loans ranged at 1(5 3 per cent early in the month towards the
close they ranged much higher, with 4 per cent as an average
22%
12% July 26
26 Apr.
6
3%
% J uly 3
and exceptional loans made at 6@12 per cent. The surplus
5% Feb.
4
33
10 June 3
35% Feb.
3
reserve of the city banks ran down as follows : O ^the 4th it
72
39% Dec, 28
77% Jan. 21
was m e w , 00°; OB the n'K-*1*,24°,S75; on the ISA, §13,37
16% July 19
39% Jan, 23
60.3,900 , and on the 25th, $9,384,775. Foreign exchange was
9%
I % July 28
11 J an. 19
very strong during most of the month and on actual transac43%
24 July 20
51% Mar. 3
tions rates the last week were 4 864^ for 60 davs 4 88LC for
I l l ’ s 61% July 31 134% Fob. 6 81
121
demand and 4.88% for cables. The Bank of England rate
43 July 31 121 Jan.
3 70
90
39 July 31
94% J an. 21 OF
remained ax 2/£ per cent. The imports of merchandise into
12 July 31
66%
66% Jan.
8
23
the country exceeded exports by $12,770,254 ; the net exports
138
7 Aug. 25 1.47 Feb. 10 120
of gold were §12 988,068 ; net exports of silver $993 307.1 Sil46
18% July 27
52% Jan. 21 23
10
2% Aug. 10
IT % Mar. 24
VeA.bM !l<& cf rli,i0« es
9t 83% and 8i% as the extremes.
27%
8 % .Tuly 27
27% Jan.
3
At the otock Lxchange there was much irregularity. The
46
17 Aug. 17
60% Apr. 18
Reading
preferred
income
bonds
were weak after the nav9(5%
67% July 26 10t Jan. 20
53%
52% Jan. ig
ment of interest on them, probably in anticipation of the
79% Dec, 18
S3
62 Juno 29
84% Jan. ■ 18
great;collapse which began on the 17th, when all Reading
securities broke heavily and started on that downward move
• New certificates.^trust receipts, le t asst. paid, t Trust receipt
p er S ' P
• * In November, lilt, July. 1) Dollars per share n.
which brought the general mortgage 4s to 76, the first pre­
ferred incomes to 49, the seconds to 35,^ and the thirds to 25%, as

34%

98%
77%

9% D ec.
69% July
46% July
84% July
51% July
100 Ju ly
86 Jul'y
16% July
9% Ju ly

30
26
26
26
31
27
18
26
26

36% Jan.
103% Jan.
83% Jan.
116% Feb.
89% Jan.
142% Feb.
104 Jan.
60 Jan.
26% Feb.

16

21
23

JASVABY 6, 18W.J

THE CHRONICLE.

15

the lowest prices In February, The Northern Paeifieosan 1 Chi­ : all the industrial# recovered sharply from the lowest points
cago & Northern Pacific- 5, were active, and towards the close touched by then, Tne extra dividend o f 10 per cent on Sugar
were l-.wer on the opposition to the management of the held that stock no until it sold ex-dividend and then it fell off
Northern Pacific company. Kiehtn- n I Terminal bonds were |to 113*1', but quickly recovered. There was much aellin : and
active on the nope# of the Ltrex-1-Morgan plan. In the j cl-jsli* out of accoanw under the money pressure an® also
stock market D suiting & (Jafclie Feeding declined to 84 a# ; co-sider mle buying to c ivershort slies, tfter the election
the lowest point md aftwwardsreimted, fluctuating widely. of .Mr, Me Leo I as President o f th*- New York & Ne v England,
The other industrial stock* were active. Sugar twins cotwpic- ■on the Uth, the stock soon dropped off t:> 31, but closed the
ttoas, and OistHge sailing a- high at 73 ex UK) per cent divi­ m sorb higtor. Northern Pacific was weak after the annual
dend, bttt afterwards declining sharply with toe rest o f tit »-t? meeting and touched 43 soon rallying. A reduction in the
gtocks. Cotton Oil stock was particularly strong on the ad­ prices of anthracite weakened the co ders, and the bad stuicvance in the price of lard and cotton oil. New York & New ' meat of earning* is February was prejudicial t> Heading.
England a dd a* Ingh as -51 ra u»« *-a.-ly part o f thr month. Northern P icdi j protected to.aitt" strong up to 4t oil reports
The Readicg -took had been weakening for spare days, a id on : of a new plus t <fund the floating dent A - money became
i-ror *.-!ro recovered taeir position rapidly. Reading secaFriday the 17th broke brat ily on enormous #ih# a ttr ib u te d
mainly to M -n * , Wraamaker. U dan, and other member* of : titles became stronger w h n i was k >.v<i that Drexet & Co.
the Philadelphia syndicate, who had long been managers of the i were again in touca with the uiauugeinent and would ad­
Tennessee C >al wan
compsnv. Oa Saturday the weakness continue 1, and on M >n- vance money to buy the April coupon?
day Feb* 20 the stuck pin i- reached it# height, and site* at ; pure active on the purchase o f a black o f 25,003 shares by
the New Y- rk Stock E t isa--.ro- exceede 1 any previ.sui day on Mr. Inman,
Among the principal events of the month it may he menrecord, the total number of shares sold being !,470.003, of
which 963 155 were Pnifa. & Beading f$30 share#}; the , tinned that the LmSgh Valley rental was reduced hr agree­
largfst day's business prior to this was in the bo»m in ment t i 3 per cent per annum for a tim e; the Northern
Heading on Feb II, 1-92 when the total a.de* reached 1,837.467 Pacific directors made answer to the criticisms of the investishares, uf w hich 333,372 were B-xdtog, The whole market ■gating committee; the Oregon Pacific sale for March 1 was
was greatly demoralized by this break in the Reading pool p • |KJticl; a contract was reported between the Panama
and the appointment of receiver* for the company, which oc­ Raima 1 and the N. Am, Ntv. Co. for taking their Atlantic
curred on the 20th. New York & New E igUad, also under -i-im -r s ; at tbe sale in Sin Francisco 43,003 shares o f
McLeod control, became weak and declined to
The 3. Francisco A N. Pacific sto-k were bought for the Seligindustritt Mocks were generally among tm weak-s; of the : nun* at f 330,000; We#t. N. Y. & Penn, gave notice o f nonlist, owiog mainly to tbe fact that little was known of their ptymeot of the e mpoa due April 1 on the second mortgage
finances, and money lenders threw them out when offered as bonds; Mr. J. W . Reinhart was elected President of Atchison:
collateral for loans. There was no failure o f coos-tpieBce the Grand RaibHU A Ind. Railroad proposed to fund coupons
among stock brokers, and the panic wt* attributed only to from Mar. 1, 1803, to 1930; default war made on Little R. &
the rash financiering of the Reading Company, Northern Memphis coupons du« Mar 1 , and tbe funding of fou rc tenons
Pacific preferred became weak on the adverse report of the v a, propow d; I*r*ns N. A. & Chic, proposed to issue $3,000,stoekholder*'committee and declined to *5 4,»oon rallying
900 prof, am! |0,(wtU 00 eomroon stock in place o f its $ 12 ,000,The large gold export* were an important feature tbi* 000 common, nod 31,000.000 more of pr- f. stock for use aa
month. Among other ev. ate tbe Columbus Hocking Valley t>**<led ; the 8 t. Louis & Cape Girardeau Railroad went into
& Toledo suit was decided in favor of the defendants. Ifamr*. reoirer’a hands ; Bell Telephone decided to i-sue the remain­
Winslow, Lanier & O a ; th»- M mhaUau Elevates! correspon­ ing stock of 32.500.000 ; Eiison Electric Illuminating decided
dence with the Rapid Transit 0»mm osin a m took place; f i r m 1, t« inet»-*!-•- it* stock to 310,000,(03; N. Y. Central & Hudson
Morgan & Co, accepted the Richmond Terminal prop -a l to River RR proper*! to iocreans «i» stock io 3t00.000.009 nnd
examine the property s i b i view to Morgan fataiitm ; tb« the company ptirchttei the N. Y. ft Northern RR. of Mr. J.
Connecticut E io r UR. was b.vt -1 to H -son A Maine: the Die P. Morgan : the PhtL & R-ad. rociver*' n ueni-nt was issued
bold•Moder-Dam<>n Safe Co, wan organiz'd won acapit >1 o f on Monday !h** i 8tb, alss c.immllteu for the bondholders was
*5,000.00»; tbe Old Colony Railroad * i . absorbed by the N.Y. film ed in N. Y.: Mr. Felton, the President, w** appointed
New Haven & Hartford an-t th.. stock limit of th*- iatt-r com ­ r*<-ivrr f.-r the Cm, N.O. & Tex. Pacific RR -, the Phil, & Read,
pany waste t»- raised to *!i> .>.»
>. the Northern I’ l ill
receiver* applied for the issue of c-r ilici1.-. but after sards
director proposed to evil the St. Paul & Northern Pacific withdrew their application temporarily ; the Kings County
Mock in the treasury to meet the floating debt, and a special Elevated submitted a plan for financial relief; Norfolk A
meeting wa*called for April *0. hut th- ;U n was afterward We-teru p t—'.l it# divui.-nd on the prof.: th*- Sm Antonio &
abandoned; the Ohio & MU*. and the BalUmore & nhirr South­ Atai - « P#w RR new 4 twr cent#, guaranteed by Houthnro
western cotwolMtsition was aonnuccv-1 t ■ u k - plat-- lab-r; Pacific, were rogatiated with a syndicate; Mr. J, !J. ittntan
Mr. CtMki Psttonn te*i**n»4 the N. Y . & Nt-w England pre-i teuglti 33,001-* shares of T-nn---- - tkiil fit Irofi from Mr, IV
denev; the Pnlia. & leading receivers! w*-rw anpcdntrd on Ite te h ltm t the Typewriter cumhination was formed,
Monday the 3fith.
At'Rtt- - 1'ti •large gold exports this month caused a reduoMakch.—'There was some dhcouragement this n ..nth th-it tkm iw the gold reserve of the If. K. Treasury *ud there waa
bo »;»•> mi Msalrm of Cungrem w«- catted to sut* « rvpeal of much dis«tt»i<m a* W» a decline below the |l0*),000,00t) limit,
the silver law, hut the President hud no confideijce that such which actually inecurro-i for the first time on the 22d, On
a vote could be obtained. The financial market* were dia April 17 8ecret»ry Catfish, tssavd an or-h r m ausftetttS the
HBfbad by tlw «rtn ge*or in r-t o-y and *- all bias- ruled at further issue of g id c»riittoitei for go! I deposited in the Tretmvery high rat*» during the first three » i - k-. At the Ammk ury a* require*! fa the not of duly It, lK«t.. whenever th** gold in
Exchange there wa* much depression a* there w r e no favor­ the Treasury re—rv^d for the redemp i >n -»f U. 8. not*** fulls
able element* strong enough to counteract the effect of tight tek>w3IOt) W>i,i» 0 ” This er»ate*l anme alarm *nd on the 20th
money, gold export* present and pro*f*»et»ve. and theov* r the Secretary annbuacrd that the Treasury wool I pay gold
shadowing iaftwnme o f the previous Omsk-down in mcti for ail Treasury not-- « j long m h« h id ‘ -gold lawfully avail­
stocks a* R-ading. New Eoglsnd and Dwtilling it Caulu able for that purpose." Tbt# still left the matter in doubt,
Feeding. Honey on call loaned as high a* 60 per c ent fwr an­ and the expor a of r dd that week from New York and
num th* early part of the month and md not rotes to normal B stun were nearly HMK 0,'KW. On Monday the 24th came
rates until the third week, ranging higher again towards tbe President €tev<Imfi’s very decided antiounceinrnt that " t h e
ch ae. The surplus reserve* of the city bank* stood at M.503,- President and hi* t'lbluet are absolutely harmonious in the
1S3 on the 4th ; f t 643.375 on the 11th"; 4fi.it8S.i2A oa the !3o>,
'••rminstioti P» exercise every p *» *-r conferred upon them
and 39,248.300 on the 23th. Foreign exchange was demoml- to maintain tbe publrc credit, to keep the public faith, and to
vem by the close money market and
for sterling bill* preserve the j. riiy between gold and Stiver and between all
declined about tbe middle of the month to 4 8 P , for tracker-' financial ohhgshoos of tbe Government." Failures of bank*
613-days and 4 W ( for demand, but immediately advanced to Australia were very heaw.owing mainly to the land specula­
when money became easier and clnaed much *tr»nger at * W tion* of r» cent years to tbe color he*. Money ruledatbigh rates
and4S8: commercial bilks were in very small supply. Tne owing to the timidity of lender#, and on time loans with
Bank of England discount rate remained at 2 !-j p-rceni, tm- collateral a# al si on commercial paper rate# were much above
w»fl* o f merchandise in Match were 320, 146.938 in exoe** of the usual prior* at tbi* season, and fi g St per cent were the
the export* ; the n«*t export of gold was »l„W4,#9l . net *x- price* towards the close. On call loans the figures were also
Wirt of solvtr Si .TA.*i.2*». The range of silver certificates io nigh during the latter half of the month and ranged from
New York mm 831* to m \ .
3 .t 15 p*-r cent with 5 »s an average on the bulk of business.
There wa* much depression in stocks and bonds, owing to The surplus reserve of our city banks stood at $10,ft63,f»75 on
the tight money, and tbe large trade balance against the the 1st ; *4.212,950 on the ith : * 11.073.560 on the 15tb;
country indicated a further continuance o f gold export* in the *14,788,200 on the 22d, and $12,156,150 on the 29th.
future. The decrease in net earnings of railroad*, in t o n * - Foreign exchange wan firm with a narrow market early in
quence of hud weather and low freight rates, a d the collapse the month at 4 hfi1, for long sterling and 4 88 for demand, but
m February of the speculation in certain leading *tock*. had a advanced sharply the third week, owing to the heavy gold
depressing tofluence. The Pbtladelphiu A Reading income exports and aopreh-nsioo about silver, ruling very high at
bond* at 45, Blt^i and 22J4 touched lower price* than before, 188 and 4 89jff, with some excitement; afterward prices reacted
and Northern Pacific 5a touched 67. Chicago ft Erie income* and became vaster a# the gold exports fell off. The Bank of
declined to 8fi'4 nut recovered quickly, and the Erie 2-1 con
England rate remstned at
per cent. Imports Of merchan­
sol# fell off to u,i but dosed much tetter. Stocks were broken dise into the United State*# exceeded the exp >rta by
by tight money in the early part of the month, and the in *17.140.835 ; net exnort# of g*dd were *18,311,979 ; net exports
dtettrists, a# usual, suffered most from this cause. Hiigar ex- of silver. *1,4215.789. Silver certificate# in N. Y. ruled be­
dividend drc'ined to 92^. Iwa-I to 85, Tobacco to 90. Uistiliing tween 82/| and S5» i.
« Cattle Everting to W, Generol Electric to Uh and National
Duinew*, tack of confidence and depression were the prevail­
Wroaga to 87J^. Cotton Od stock wa* strong on account «l ing characteristics in the Slock Exchange markets, There
the high price torUrd and for cotton oil. and reached 51 Ml hut wa# a comparatively *ma!i business in bond#, with very few

16

THE CHH0N1CLE.

points of interest, The Richmond Terminal bonds were first
stronger and afterwHrds weak when the announcement was
made of tlie Drexel-Morgan reorganization to be undertaken
o n terms to be made known after the bonds were deposited.
Phila. & E nding bonds advanced When the outline of the
Drexil sjrndii ate plan «a s known late in the month, but the
advance was soon lost. Erie 2d consols d id ued on feats that
a reduction in interest would be asked of the bondholders,
Stocks were stronger early in the month than they had been
late in March, with the better earnings on the taihoads and
the approaching World’s Fair traffic as the chief causes for
suppor . But with large gold exports and the decline in the
Government rest rve and a possible issue of bonds much
talked of, the tone soon became weak and many stocks
marked a large decline before the month was out. The
so-called “ industrials” were leaders in the downward
movement, as usual. Distilling & Cattle Feeding was
conspicuous in the decline, touching 22% after the President’s
unsatisfactory report and the prospect of an issue of bonds.
Toledo Ann Arbor & North Micb. broke from 40 to 10% on
the speculative dealings of ils Vice-President, and a receiver
was appointed on the 29th. Manhattan Elevated fell from
170% to 144 during the month, when it was understood that
the diiectors were not <isposed to accept the teims for exten­
sions offered by the Rapid Transit Commissi mers. Reading
was strong after the proposal of the Drexel syndicate to reor­
ganize. and the stock touched 30, Put afterward fell beck
materially. At the close of the month dulnes3 and depression
were the notable features.
Among the events of April worthy of notice may be men­
tioned the vote of the Cleveland Canton & Southern Railroad
to is;ue 1st class pref. stock; a proposal was made by the
Clev. Cinn Chic. & Sr. Louis Railroad Company to issue a
new 5 per cent blanket mortgage for §110.000.000; the Mobile
& Ohio suit was decided in favor of W. Butler Duncan and
tbe company: the N. Y. Su=q & West, gave notice of consoli­
dation with tlie Hudson River Terminal Co. and proposed to
issue §13,000.000 ot pref. stock non-cumulative, and tbe same
amount i f common, and to exchange the old stocks for new;
Mr. A. A McL"od resigned as Pres idem and receiver of Read­
ing and Mr. Jusi ph S. Harris was elected President from May
1 and then appointed receive!: the West. N. Y, & Penna.
Railroad went into receiver’s bauds; the Manhattan Elevated
plans of Mr. Spencer were accepted by the Rapid Transit Com­
missioners with modifications: Messrs. Drexel, Morgan & Co.
armour ced that they would reorganize Richmond Terminal
on turns to be ai nounced after the deposit with them of its
securities; the Edi-on Electric Illuminating Co. increased its
stock from §0,500,000 to §10,000,C00; a decision against Gen­
eral Eltctrio was made in Sr. Louis in favor of the Goebel in­
vention; tbe Non hern Pacific board did not accept the Ives
proposition for payiog the floating debt; the Pullman Com­
pany gave notice ot an increase of 20 per ceut in stock to
stcckbi,llers ar p .r; the Canadian Pacific sold in London
$7,289,000 of the St. Paul Minneapolis & Sault Ste Matie
Railway 4 p ir cent guaranteed bonds at 9 1 ; an outline of
the Reading reorganization plan was published.
M a y .— There was a severe panic at the Stock Exchange the
first week in May, precipitated by tbe break in National Cord­
age stcck from 57 on May 1 to 15}7 after appointment of re­
ceivers cn the 4th, There were several important failures of
stock-brokerage houses. Tbe numerous and heavy failures of
barks in Australia, the advance in the Bank of England rate
to 4 per cent, our large exports of gold from New York, the
continued anxiety about the silver question, and the failu es
of several banks in the West, were ail events of depressing in­
fluence during this month.
The rates for money on call ranged from 1 to 40 per cent,
the average rate after the panic of the first week being 3 d 4
and Inter evi n 2% per ctnt. Prime commercial paper was
quoted at 6% to 8 per cent, and in the secmd week as hi°-h as
10 per cent. The surplus rf the cirv hanks stood at $ 2^35 lio on the 0 h, $17,795,025 on the 18th, $24,422,175 on the 20;h
and $25,439,925 on the 27th. Foreign exchange was demoral­
ized by tbe high rates for money in the first week, but after­
ward ruled strong, and exports of gold were large ; the actual
rates for sterling bills in the latter part of the m nth were
4 85%-% for 00 days, 4 89%-% for demand and 4 89%-90 for
cables. Ibe Bank of EngUDd rate on the 4th was advanced
from 3% to 3 per cent, on the llili to 3%, and ou the 18th to 4
per cer.t. at which it remain *d till the close. The U. S. trade
hguivs showed an excess of imports over exports of merchan­
dise amounting to $6,999,880 Tue net exports of gold were
$lo 215,<60 and of silver $1,293,258. The range of silver
bullion certificates in New York was: highest, 84%; lowest 84.
In the market for securities there was a great collapse io
values and a panic at the Stock Exchange ou Thursday and
Inday t ’ e 4th and 5th o f the month. Oa Weduesdav National
Cordage had opened at 49% and broke to 35%, declining fu r­
ther to 18% on Thursday, receivers being appointed for the
company that evening. This precipitated a panic and on
Friday Cordage further declined to 15%, having fallen since
, }
’ General Electric touched 58, having declined
from 9 i/s ; Sugar touched 62, from 99% on May 1 ; Chicago
Gas sold at 59. Irom 88%. Money on cal I was bid up to 40 per
cent. S. v. V, lute and three other brokerage firms suspended
There was a very snarp reaction from the lowest prices and
nearly all stocks closed the day much higher. The market
'• us subsequently very irregular and sensitive but without
any real animation throughout the month. Several stocks
touched still lower prices, the industrials being weakest—

[VOL. LV III.

Cordage declining to 9%, Distilling & Cattle Feeding to 13,
Nat. Lead to 26 and Am. Cotton Oil to 30. The Northern
Pacific, Missouri Pacific and grangers were weak. The Aus­
tralian Bank failures came in the latter part of the month,
and caused London selling of such American stocks as were
held largely in that market. The terms of the Richmond
Terminal plan of Drexel, Morgan & Co. were made public on
the 24th, and caused a decline in the East Tennessee stocks
and the Terminal stocks and 5 per cent bonds by reason of the
onerous terms itnpcsed. AraoDg bonds the prices were very
fairly held as a rule and there was no excessive realizing ; the
Northern Pacifies wire among the weakest bonds.
The leading events of May were the stock panic in the first
week, with tne failures of S. V. White and several other stockbrokerage firms ; the continued large exports of gold ; tbe
further decline in the Treasury gold reserve ; the exten­
sive bank failures in Australia, including nearly all the
banks in the colonies ; the sale of the Charleston Gin. &
Chicago Railroad in foreclosure ; the proposed issue of
$5,000,000 new stock by the Great Northern Railroad Com­
pany ; the appointment of a receiver for National Cordage on
the 4tb; the issue of $2,000,000 Terminal bonds by N. Y. Susque­
hanna & West.; the determination to issue bonds by the
directors of the Distilling & Cattle Feeding Company ; the
proposed issue of $15,000,000 collateral trust bonds by Northern
Pacific ; the appointment of a receiver for Toledo St. Louis &
K. C. on the 19th : the publication of the Richmond Terminal
plan in full on the 24th ; the appointment of a receiver for the
Baltimore & Lehigh road (formerly Maryland Central); the
notice on the 2l)th of the wiihdrawal of five leading distil­
leries from the Distilling & C. F. Company ; the sale by Gen­
eral Electric of 15,000 shares of the Edison Illuminating Co.;
the issue on the 27th of the Phila. & Reading reorganization
plan ; the sale on the 29th of the East & West Alabama Rail­
road in foreclosure.
J une.—This was a month of great distress in financial
circles. The banks ran down rapidly in their surplus under
the extraordinary demand for currency in all directions, rates
for money on call advanced to very high figures, touching 74
per cent on the 29th when the climax was reached, and the
money panic was then broken by the taking out of $6,000,000
Clearing-House certificates by several lirge banks and the
offering of blocks of money freely on call reducing the rate to
8 per cent. The first certificates were taken on the 21st. On
the 5th President Cleveland had announced that Congress
would be called together in special session between September
1 and 15, but under the great financial pressure he issued on
the 30th a call for Congress to convene on August 7. Gold
went out freely early in the month, but exports then ceased
and a small amount was afterward engaged in London for
shipment to this country. On the 27ih came the important
news that the Government of India had decided to 6top the
coinage of silver for individuals and had fixed the value of the
rupee at 16d. for the purposes of exchange, this dausing a
speedy decline in our silver bullion certificates here to 62
on the 29th, which was the lowest point of the year.
The rates for money on call were quoted at 2@5 per cent early
in tbe month, but quickly advanced and touched 12 per cent
in the second week, then 2-5 per cent as a maximum the next
two weeks, and finally 74 per cent the last week of the month,
when tbe average rate paid on stock brokers’ business was
about 15 per ceut throughout, and on the 29th the stringency
was broken by the offering of money by the banks, as men­
tioned above. Prime paper was quoted at 6 @9 at first and 8
@15 towards the close, but busintss was almost nominal. The
surplus reserve of our city banks on the 3d was $20,987,500 ;
on the 10th, $14,420,900 ; on the 17th, $S,776,800, and on the
24th, $5,481,975. _ Foreign exchange was unsettled by the
great stringency in money here, while rates were easier in
London, and during the month the tendency was downward,
with a demoralization in rates at the close owiDg to the
money panic. Opening at 4 86%-% for long bills, 4 89-9%
for demand and 4 89%-90 for cables, the rates fell off 4@5
points by the 23d and finally plunged downward to 4 80-81,
4 82%-S3 and 4 83-3% at the end. Gold was exported the
first two weeks, but was afterward ordered from London in
small amounts for shipment here. The Bank of England rate
opened at 4, was reduced to 3 on the 8ffi and to 2% on the
loih, at which it remained. The U. S. trade figures showed
an excess of imports of merchandise over exports amounting
to $4,247,975, while net exports of gold were $1,701,544 and of
silver $v,430,284. The range of silver bullion certificates in
New York was from 83% as the highest down to 6.2 on the
29>h and 69 at the close on the 30th.
Stocks and bonds were much depressed, with great irregu
larky prevailing and some large declines in stocks. Tna
general list of railroad bonds held up fairly against the weak
ness m stocks, but the market was very narrow and any large
sales caused a fail in prices. Stocks were much unsettled and
We? o n ? m bad to, worse until in the money panic on the 29th
and 30th many of them touched the lowest prices of the year
up to that date. The Phila. & Reading plan announced in
May strengthened, the securities for a while but on the 21st
o F t ,1CJ vas abandoned and the stock touched 13 ou
the 24-h. New England declined after the election, Mr.
” c™
remaining in the presidency, and on the 16th sold
at 19%. Some temporary strength was given bv the an­
nouncement on the 6th that Congress would be convened
early in September. Denver & Rio Grande and Union Pacific
feJl off heavfiy on account of the collapse in silver. The
National Cordage plan came out hut the stock did not revive.

J aSCABT 8, 1394,1

THE CHRONICLE,

17

The chief event* of this month have been referred to above.
The industrials were generally weak on large sales, and rfugar
i» l,l down to ~~li on the 26;n anti Tobacco common touched Oa the 1st was issued President’s Cleveland's call for Congress
5.j: , on the 97th. but revived afterward when the 3 per to m e t Aug. 7 : toe D-nver & Rm Grande RR. pass- <1 its pre­
ferred dividend ; the Phila. & Reading receivers' certificates
cent •{aaiterly dividend was declared.
Among the princioal events of Jm e a receiver was appoint­ fur $3,545,523 were ordered; the bank failures in Denver oc­
ed for the Little Rock & Memphis railroad; she Norfolk & curred in the third week, and the failures afterward in Mil­
Western negotiated $>.099,009 of 100-year bonds and $>,040,090 waukee, Indian a polK Louisville and other cities further west
of preferred stock with a *ya lica'.e for |>,350,000 cash ; on the were numerous; the Sui Antonio & Aransas Pass RR. listed
6th appeared President Cleveland’s announcement that its new 4 per cent bonds, the authorized issue being $21,680,C ongr»s would be called in special session between Sept. 1 000: the B . A’ . New England & Northern RS. was incorporated
and IS; Win. Cramp &. Sons Ship & Engine Building Co., to build a N. Y. City connection for the New York & New
capital #30,000,000, was formed; the Manitoba & Northwest­ England; receivers for the Erie road were appointed
ern Railroad went to a receiver; the Reading Speyer July 25.
loan was extended; the N. Y, Clearing House decided to
AtrocsT.—This was a month of extraordirary tension in
is-ue ceriificate, if needed and on^he 21st the first were taken monetarv affairs. Toe general distrust throughout the coun­
o u t; the New York Susquehanna & Western new stocks were ter was evinced by the withdrawal of money from banks and
listed ; the Northern Pacific collateral trust notes for $13,000.- s a v in g s backs, leading to a currency famine and t ie payment
fcflO were offeredlo stockholders; the Philadelphia & ead- of a high cash premium for currency of any sort, fh e im­
iug receivers asked nerrmsslon to issue certificates; the St. port* of gold from London, the taking out o f new currency
Louis Chicago & At. Paul radr, ad went to a receiver; the by national banks, and the large issues of Clearing-House cer­
N'a Ratal Cordage o ’an was i-sued: the Reading plan was tificate* in New York and other cities finally relieved the pres­
abac don ed on the 31st, not having received the full amount of sure; Congress met on the 7th and after long debate the House
a.-*sent* required; the Panama Rail rood assumed control by of Representatives passed the silver repeal bill on Monday the
lease of the Atlantic steamers o f Pacific Mail; the Philadel­ : 8th by the famous majority o f 131 votes, and the bill then
phia Traction Op. voted to increase t « stock from $7,000,000 went to the Senate. Au immediate revival o f business con­
to $9,000,000; on the 27th was received the news that the fidence took place after the House vote and the tide of depres­
Government of India w uhl suspend the coinage of silver for sion fairly turned.
1 he Northern Pacific RR. went into the
private parti's; on the 23th several of the city banks took hand* of receivers An the 15th.
out $0,080,000 of Clearing H o d * certificates and offered
Call monev was stringent the first week, touching 51 per
monev freelv. breaking down the extreme rate* for loan*; cent and averaging 6 per cent, but afterwards tue rates de­
the Seattle Lake Shore Jt E istera Rtilnwid went into rec-iver s clined, ruling no higher than S d " per cent with 5 as the
hands ; the U. a Leather Co. listed $0,000 000 debentures.
average. A remaiksWe feature, however, was the demand
J clv .—This was a m mtn of continued anxiety, with nu­ for currency of al‘.»ort<. gold, silver or note*, in consequence
merous bank failures «t the Wort, v.rv strrngeni rates for of toe panic throughout the country, which had le i to them.-ney and extreme depression at the Sio *k Exchange. Tin- Ucarding of tnon-y withdrawn from circulation. A prem­
banks commenced to deposit Government bond* to take out ium wa* first paid early in August,—and it I*|ted throughout
new circulation, sad gold began to m we th>s way from Lyn­ the month, varying from 1 to 6 per cent, without regard to
don to relieve our money prewure; receivers* wereappointed for ihe kind of money obtained Commercial imper was almost
ErielS.Y. lake Erie & West.) in the 25th; ibe decline in secu­ nominal at 8 a 12 per cent and then at IO-«f 15 per cent for therities reached it* extreme point » >the 26th and Mill of Judy, te n grade-*. The city hanks were much below their legal
when many stock* touched toe lowest prices of the <-n ire requirement and the defied *tr*ei at $14,917,800 on the 5th;
year. President Cleveland’.-, call for Congr-** to »> «w W ' on $10 .>4.3.475 on the 12sh ; $12,045,800 on the 18th and $0,737,The inaxioiu u amount o f Clfariog florae
August 7 became known on July t, and had an esc-Hem 675 un the 26Ut.
effect, but the r«e«h o f Congr* -*i>n»l act inn wa» yet quite c-rtlflcate*. $.».2*»,000, was outstanding on the 29th io 31st.
uncertain, and in the mean time alarm «a< growing rapidly tiictlirig exch ,r.g- was irregular, but with the currency
and failure-, w»re incr-a-mg. The high rates for money de­ » .rcity h--re * »d ,nlvam - in the Hank rate In London, rates
moralised fvr ign exchange, #»d to the last week os tie- w. re generally low and much gold w « imported. Hankers
month over $ 2, 000,080 in gold was shipped from L w d w t., tiill, sold -. 1*!v in the month at 4 -SH-* 4 tor 60 days, 4 83 4 84
this country. Moocv on Mil went a* high a - 20 and 83 per for d niand and 4 84 '*-85 for cables, then advanced by the
and cihte*. sod closed
cent the first two weeks, then It per cent, and finally in th • Nith fully $ potato for dema d
last wee* touched “3 per Cent. Tins* loan* were w »r.etv ob
•-iM «bai lower. The Bank of England rate opened at 2**,
tamable and prime commercial paper was almost nominal at per cent »n-l «ra» advanced on ttte 3d to 3, on the lOthto 4
quotation* ot 8 to 12 per cent. The city hanks showed a stir* o,d on th- 2 Ish to 5 per cent. The United State* trade rcg uv of $1,3$t.733 on the l*t and afterward* » deficiency b*» torru showed sn excess of extorts over imports amounting to
w the legal requirement of #3.009,*$S on the 8th; $1,789,190 $l5,0§(,924 : a ret import o f $40,622,329 gold, and a net i-xon the 13tb; $1,250,530 on the Sid, and §4.301,875 00 she m b; l-'.rt of ($1,598,991 *il»«r. Silver bullion certificate* in New
the demand for currency was enormous and th- New York York sold b tween 727J and 78}{.
Clearing-Hcu** certificates outsundingon July rifth wereovvr
la Slock Exchange securities there was «iM great deprea$25,000,009. FoWfgti exchange, after opening fairly, became - ion. After Congre-* met oath** 7ib and «>-til the favorable
quite) unsettled by the stringency m inaovy, and o u n »$ the v ue in the House on the 29;h there was suspense in regir-1 to
last week in toe month prices on actual **!-« were quote 1 a* the outcome of the silver repe.d dehato, hut after the 28th
low as 4
l ot banker*’ fiodav*, l 82 , S3 for *Ptnanda»d catne a decided improvement in feeling aod a sharp upward*
4
for m i lev. and b-tween $2.nte,iWf and $4,000,00J turn in stock*. TH-d» .ding* in Goverem-ot bond* were ac­
gold was shipped from Ivvodon. The Bank of England rate tive early m the month ami prices recovered to U'2 l , for the
remained at 21* per cent throughout the month. The foreign c upon 4s of 1807. The demand for railroad bouu* w*a at
commerce of too United States resulted for the fir«t tun- this limes better in the first half of ihe toon'll, with a--me for* iga
year in an exces* of export* o f merebaodiw over import-, buying, but afterward the market fed off and when the apthis ext-*-** being §5,037,790; there were net Import* of pointnirnt of receiver* for Northern Pacific was made on the
§5,778,401 gold and AxporPtof #4.<«ff,*7« silver. Silver bullion 15th, pries a declined sharply, the lowest points touched for
certificates in New York ranged between 6* and 7$||.
the* N, P. securities twlttg Ihi' for 1st mortg. bonds, 80 for 2 lp,
Government bonds in July were active, as they had a!« ■ 60 tor 3 is, 244j for c >t)*«d. 5s. 151, for t>r*-f. stock and 3\ for
been in June, and at the lower prices many bsads were sold eomtoon, Sp>calat«ve mo. >* roue sharply in the first week « f
by savings* hanks and other institutions, and were purchase 1 Augun on a reaction from die »xuvnie price* made in the
mostly by national hank* t * u-e for circulation. The tjteop >n last days of July, which in many care* proved to i»? the lowest
4s of 1807 « ltd a* tow as liri. At toe Stock Exchange tner- of the year, there win a tcranibie by the tear* to cover their
wa» a slight revival of confidence and m ir« tkm irw in pm-short sal-* before the meeting of «,‘oogrcss on the 7th. Aft*ron the first day of the month, when PrerideUt Otevehwd's warel the market became dull and fell off materially as the
call was teu-d for Congress to in - t on August 7 But this debate in the House drags* d on slowly, and prices were again
lasted only a short time, and t«e cxifftoe rate* for money, much depressed ari< r t«e appointment of Nor?hern Pacific
under the great pressure on the banks for Currency to be receiver* r-n the 15th. and the emnarrassment later of a pr. m(hipped West and South, depressed price* of ail teettfttw* m entStock Exchange firm that had teen loaded up with
until the vwrv lowest prices o f the v-ar were reacned on many municipal bond*, usually the choicest o f investments, but
stocks toward* the close o f this month. The bank failure* in entirely unsalable to tbi« crisis. Th* vote of the 23th gave a
the last half of the month and the during o f many factories new turn to affairs and the month closed with a very much
and other industrial establishment* m alt part* of tbs country tetter feeling all around.
added to the general distrust, and when tear selling tec i n ­
Among the principal event* o f \usiut were ihe imports of
active there waa little support given even to the test suck*. gold from abroad amounting to ? 10.822,529 net; the advance
Bet-rivers were appointed for the N. Y, Lake Erie & Western in the Bank o f England rite from 2>., t o 5 p-r cen t; the
(Erie) Railroad on ToesJay. the 2.5th. and oo the 26th and 27,1, meeting of Congress on the 7tb an f the vote in th- House on
the depression became more revere, and many stocks touched the 28th. with a majority of 181 in favor o f silver repeal ; the
the lowest price* of the year. N. Y. Central then sold at 02, General Electric plan t*> sell ire-—t* to an auxin-try company
Erie at TV. Pennsylvania Railrea i $V) shares) at 48 t . Haiti for $4,300,000 cash to meet it* floating d*bt : the appointment
mote & Onto at 57. Dei. Lack. & West. 127, Central of New of a receiver for the Pittsburg Akron A Western Railroad;
Jersey 94, ILL & Hudson 103?^, Real tog IS*-*. Lake Sbor- the listing of $2,284,000 more stock by the Commer ml Cable
108, Atchison 12 !* , Mweoarl Pacwo 18U, Burlington & Quincy 'Jompanv, raising the capital to the full amount of 610,000.000 ;
69'a, 8 f. Paul 40*t', North west $41*, UititOM Central 86. Man­ he abrogation on th- 8tn of the Lehigh Valley Railroad lease
hattan Elevated I<i0, Western Union $7M< General Electric io Reading ; the Union Pacific plan for extending or meeting
31(4, Chicago G w 48J<. Sugar M U , Lead IB#, American Cot­ its 8 per csnt sinking fund bonds due Hept. 1 ; the appoint­
ton Oil 24. There *aa some London buying at th *-* extreme ment o f receivers for Northern Pacific on the 15th ; the pass­
prices, and a reaction took place which made the cloeiDg ing of dividends by the Ain. Strawboard Company and by
Price* of the month better.
• Tburber, Wbyland * Co,; the appointment of receivers for

1118
j ar ----

THE CHRONICLE.

the Phila. Reading & New England Railroad, the Nicaragua
Canal Construction Co. and tbe Equitable Mortgage Co.
S e f t e m b f r .—This month opened with the general improve­
ment in Deling that sprang up immediately after the repeal
vote in the House of Representatives on August 28. The pre­
mium for currency disappeared early in the mouth and our
city banks on the 9th showed a suiplus reserve above their
legal requirement for the first time since July 1; and by the
end of the mouth this surplus had run up to $21,120,500. Tne
Rank of England rate was gradually reduced from 5 to 3%
per ce-nt. The debate on silver repeal in the Senate was con­
tinued wearily and caused much disappointment in business
circles throughout the country. The rates for money on call
were easy and ruled at 2@7 per cent, the average rate being
4 per ceilt most of the month; commercial paper was very
high at first, ruling at 12(318 per cent, and finally declining
\to 7%(3f) per cent, but with little business doing. The pre­
mium on currency soon declined to 1 percent and disappeared
entirely in the first week of the month. The city banks imroved rapidly in their reserves, and from a deficiency of
1,567,525 below the legal requirement on the 2d. they showed
a surplus n serve of $2,966,375 on the 9th. $10,601,700 on the
16th, $17,609,950 on the 23d and $24,120,500 on the 30th.
N. Y . Clearing-House certificates had also been reduced by
the 29th to $25,315,000. Foreign exchange became much
stronger for 60 days bills after the middle of the month as
money declined in London, and from 4 82-% at the opening
they closed st4 84-%, while demand bills closed at 4 86-% and
•cablesat 4 87-%, near the opening price, having sold about 1%
points lower around the 15tb. The Bank of England rate was
reduced frcm 5 to 4 per cent on the 14th and to 3% per cent
■on the 21st. The U. S. trade figures showed au excess of
$25,679,209 in the exports of merchandise over imports, a net
import of $5,242,083 gold and a net export of $2,827,293 silver.
The prices of silver bullion certificates ranged between 73
and 75%.
•
Amoi g investment securities there was a quick response to
the silver repeal vote of Aug. 28. Government bonds ad­
vanced to 112 for the coupon 4s of 1907 and there was no
longer an inclination to sell them. Railroad bonds met with
-a good demand at ri.-ing prices, and there was a very decided
accession of confidence in all classes of investment bonds, and
many of tbe lower-priced bonds soon marked an advance
which brought them up 5@ 10 points higher than the lowest
prices of July. In the latter part of the month tbe strength
and activity decreased, owing to the unsatisfactory cordition
o f affairs in Washington. ArnoDg leading hoods the Erie 2d
consol. 6s, which touched 53 on July 26, sold in Sept, at 76 ;
Ixiuisv. N. Alb & Chic, consol. 6s from 82% in Aug. rose to
97% ; M. K. & T. 1st 4s from 69 to 78 ; Cbes. & Ohio 4% per
■cents from 61% to 74% ; do. R. & A. 1st 2-4s from 70 to 79 ;
Rio Grande Western 1st 4s from 54 to 68; Atchison 1st 4s from
■63% to 76 ; Hocking Valley consol. 5s from 74 to 88. Stocks
weie active and higher early in the month, rising quickly after
the repeal vote in the House but afterwards reacting to some
extent During the last half of the month the market was
sluggish, being held in check by the delay in the Senate. The
industiial stocks were the most active and Distilling & C. F.
advanced on the theory that the whiskey tax would be in­
creased. New Yotk & New England sold higher on the talk
•of a New York terminus. Chicago Gas was a leader in activ­
ity and the quarterly dividend of 1% per cent was declared in
3 trip.
Among the principal events of the month affecting finan­
cial matters the Northern Pacific receivers were authorized to
issue S5.fiOO.OOH of certificates ; the new steamship line of the
■Cbea, &. Ohio Railroad from Newport News to British and Con­
tinental ports was inaugurated ; the Evansville & Terre Haute
Railroad was thrown into the hands of a receiver (apparently
by misrepresentation) and quickly released ; the Lake Superior
Consolidated Iron Mines Company was formed with $30,000,000 capital; tbe Southern Pacific (of Cal.) decided to issue a
new blanket mortgage, partly to cover prior bonds; the N. Y.
Susq. & West. $2,000,000 terminal mortgage 5s were issued ;
in National Cordage affairs tbe first of several proposed com­
panies was organized under the title of L. Waterbury & Co.
(limited), with $2,400,000 capital; the Cleveland Canton &
Southern and the Chicago Peoria & St. Louis railroads ana
die Lombard Investment Company went into receivers’
I'ands ; the N. Y. New England & Northern Railroad Com­
pany (a terminal line for N. Y. & New England)obtained per­
mission to build from Brewsters to New York City ; the N Y
Penn. & Ohio sought to collect its rental from the Erie ; the
Jarvis-Conklin Mortgage Trust Company went into receivers’
baDds; receiver- for Wisconsin Central were appointed Sept
27; the Louisville & Nashville Railroad proposed to issue
$o,000,00(l new stock, to be held in its treasury until re­
quired.

O c to ber .— This was a month of renewed anxiety and
suspense, owing to the long-continued debate and obstruction
■tothe will of the majority in the U. S. Senate. On the 13th
■receivers were appointed for tbe Union Pacific Railroad.
There was n o definite progress made with the silver repeal
4rill until the 24th ; a compromise measure had been ctrcu
rated quietly aDd received rhe approval of nearly a majority
of Senators, and then tbe firmness of President "Cleveland in
holding for unconditional repeal completely broke Up the op­
position and led to the final passage of the bill in the Senate
on the 30th by a majority . f 11, The Stock Exchange marivifs responded quietly to the new prospect of early repeal,

rvox, i v ] f i

and decided buoyancy marked the last week of the month,
the highest prices being generally reached on Monday the 30th,
The Clearing-House certificates in New York and Boston
were reduced very rapidly during October, as the banks in ­
creased their surplus, and in tbe latter city the last were
canceled by the 20th and in New York by Nov. 1. Money
on call i ecatne very easy and ruled no higher than 3 per cent,
with the rates 1(32% per cent late in the month, while prime
commercial paper declined from 6%@3 per cent early to 5%
®6% late in the month. The surplus reserve of the New
Y oik City banks was $28,628,725 on the 7th; $33,896,050 on
the 14th ; $42,640,775 on the 21st, and $48,787,475 on the 28th.
Foreign exchange had a declining tendency from tbe increase in
cotton bills and the belief that a repeal of our silver law would
stimulate foreign buying of our securities. From 4 85-% (3%
for bankers’ demand on sterling in the first part, rates fell off to
4 83% -% on the 27th, and60days,then sold at-4 80% -% and ca­
bles at 4 83%-84, but all closed somewhat firmer, owing to the
sale of stocks here for foreign accoun t for the purpose of realiz­
ing profits on the advance. The Bank of England rate was re­
duced on Oct, o from 3% to 3 per cent and remained at that
throughout. The U. S. trade returns showed an excess of
$36,044,000 in the exports over imports of merchandise, a net
import of $1,073,000 in gold and net export o f $2,055,000 in
silver. The price of silver bullion certificates in New York
ranged at 73%-74.
The market for securities was dull and depressed during
most of the month and until the 23d, when the purchase of
40,000 shares of Lackawanna by Mr. W. K. Vanderbilt was
followed tbe next day by the news that the silver obstruction
in the Senate bad broken down, and then a boom in stocks
was inaugurated which culminated on the 30th. The inter­
national yacht races drew off a great many stock brokers and
traders in the early part of the month, and the obstruction to
the repeal majority in the Senate was a continuous cause for
discouragement up to the 23d. The Virginia funded debt
bonds 2—3s of 1991, having first come on the list in
September, were active, selling from 51% to 53%. The ap­
pointment of receivers for tbe Union Pacific Railroad on Oct, 13
caused lower prices for its bonds and stock and also depressed
Atchison securities. Missouri Pacifies and other Southwestern
specialties. Distilling & Cattle Feeding stock advanced on
the reports of a probable increase in tbe whiskey tax. N. Y.
& New England was advanced to 36% on the large talk about
obtaining a New York terminus next year. The coal stocks
were strong, led by Del. & Lack , which had already risen
sharply before the Vanderbilt purchase. After the 24th the
whole market was pushed up in the general buoyancy that
came when repeal in the Senate appeared to be an assured
fact and the. climax was reached by most stocks ou Monday
the 30th, when St. Paul touched 68%, Burlington & Quincy
87%, Rock Island 72%, Atchison 22%, Missouri Pacific 29%,
N. Y. Central 104, Lake Shore 129, Erie 15%. N. Y. & New
England 35%. Reading 22%, Lackawanna 171, Jersey Cen­
tral 119%. Western Union Telegraph 93%. Chicago Cas 69%,
General Electric 51, American ouear 105%. Cotton Oil 39%.
Among the principal events of the month may be men­
tioned the default of Northern Pacific on its second mortgage
bonds and the appointment of receivers for its branch lines ;
the Florida Central & Peninsular purchased the stock of the
South Bound Railroad, $2,033,000; the Kentucky & Indiana
Bridge defaulted and a receiver was appointed ; the Winona
& Southwestern Railroad made default; receivers were ap­
pointed for the Sioux City & Northern ; Atchison gave notice
of the extension for five years of its guarantee fund notes due
on Nov. 1 ; receivers were appointed Oct. 11 for tbe Chicago
& Northern Pacific ; the Lehigh Valley coal operators’ agree­
ment was completed on the 60 per cent basis ; National Cord­
age proposed to issue new first pref. stock and retire the
$4,361,090 of Security Corporation bonds ; N. Y. Penn. & Ohio
brought suit against Erie for its rental; the Union Pacific
Railroad went into receivers’ hands on the 13th ; in the Co­
lumbus Hocking Valley & Toledo $8,000,000 suit tbe N. Y.
Supreme Court General Term reversed judgment and decided
in favor of Bdden and the company against Judge Burke and
others ; the Nashville Chat. & St. L. RR. postponed its divi­
dend to Feb. 1; the Ives ticket was elected in Northern Pacific
without opposition ; the Speyer loan was extended for three
months bv Reading ; Mr. W. K. Vanderbilt purchased 40,000
shares of Del. Lack. & West, stock ; the Cleveland & Marietta
RR was taken over by the Penna. Railroad ; a receiver was
appointed for Detroit Bay City & Alpena ; on the 24th the
Fort Worth & Denver City receivers were appointed; the Gen­
eral Electric Company offered its stockholders the right to
subscribe for $1,500,000 stock of the “ Street Railways & Illu­
minating Properties.”
Qh the first day of November the silver repeal
btll finally passed the House of Representatives and received
the President’s signature. On the same day in New York the
last of the Clearing-House loan certificates were can­
celed, thus wiping out the last visible sign of the financial
ciisis. t he el* ction 3 on the 7ch resulted in an overwhelming
majontv against the Democratic party in New York State,
where Maynard was a candidate for judge of the Court of
Appeals, and in Ohio, where Mr. McKinley, of tariff tame,
was the Republican candidate for Governor, this vote being
interpreted as a protest against radical reductions in the pro^u^e.s' Congress soon after the elections adjourned
till the opening of the regular session Dec. 4, On the 27th
the House Committee in Washington announced the pro­
posed tariff changes in the bill to be presented to Congress.

J anvary

THE CHRONTOEK

a, 1894.j

19

Hon* v .. u c si! became excessively rasy as fund.* accam uliLd for the Lake Hue Alliance & Southern; the Uni m Pacifip
in b a it, and rare* ruiet at 1@2 per cent throughout, the re-orgaiustation committee was app dtited.
DeciMBER.—Dulness ai d d-pr-ssion were the characteris­
average on stookbrafct-r*>’ loans being about 1 % per cent.
Prime ronaaietuai paper ruled at oaaper cent at the opening tics of business this month, and the year ended most gloom­
but declined until 3%9-V^ percent was quoted towards the ily. Congress assembled on !b*» 4tb,at>d the President’s mes­
close. Tbeioc*ea»eot money in our city bank* from the contin­ sage contained not hi *g essentially new in its recmimendauous flow of currency froui the interior was somethin* unpr ce- tions. The reported Secretary Carlisle wa* delayed until the
dented, On <be 4tt>'the batiks held $33,013,> <•( .-orpin* re­ 21st. and it suggested the issueof new bonds on ceriain terms
serve, on the Urn 147,328.725. « » the letn f63.-170.4T3 and on and a very moderate increase in internal revenue taxes. Mr.
the 85th $70,'.r> 175. Foreign exchange ruled low at the Geo. C. Magoun, the banker, died on the 30th, and on the 23d
opening, but not tow enough to permit of gold imports of any receivers were appointed for the A ’chis >n Topek t & Santa Fo
importance, anti rates became Sri tier as the m o n t h advanced. Railroad. O t the 27th the New York & New E island went
The supply of commercial bills was moderate, money was into receivers' hands. The city banks reached the maximum
higher id London than in Mew York, and foreigners were nut of the year in their surplus reserve on Dec. 30, when the total
purchasing our investments largely. Backers' rates on actual held was $83,815,159 agnmst $84 784,100 on the 80th o f July,
business were 1 SIL for 80 d*ys, 4 84 for dem ind and 4 sf i , ; 1885. which wa* the highest point ever recorded prior to 1893.
for cables atrfr In the month, and 4 8d:4, 4 86*4 and 4 83*4 ! Money on call was v. rv easy and fell below 1 per cent a
respectively to-var 1 the end. Toe B ink of England raw re­ year, loins being made at % »f 1 p -r cent to H| o-r cent per
mained at IS per cent. Tlie returns of foreign commerce in; annum Prime camtperct d paper sold at 8*« >448 per cent,
November showed an excess of merchandise exports over im­ rh- New York City Links on D.*.-. 2 held $7ti,096,900 of surports amounting to 812,385,1*00. net i m p o r t s of 14,143,0 JO gold plus r e -r v -; on »h- ?th $78 385 425. on the Khh $76,108,825;
and net exports <>f $1,168,000 silver. Silver bullion c-rttfiaate* on the 23J *77,9.17,775. and on the 30th $80,815,150. Foreign
were scarcely *><>ld at the Bo-ud but were quoted at TO1* kTG1,. exchange became firmer in December, owing mainly to the ex­
At tne Stock Exchange the shsro advance in arc irities! cessively easy rate* for money here, which were lower than
which took waoe late 10 O toiler on the sitver repeal prospect the rates (thread, and th® consequent demand for bankets’ bills
culminated in the list few days o f that month and «»• fal­ to make remittance.* for ’ ami try coupons and to settle sterl­
lowed by a decided reaction during the tint half of November, < ing loins: a small amount of go’d was exported to the Con­
There were also exceptionally large deetines in some o f th e 1 tinent, but rat* a became -asi» r late in the month ••» d were
industrials, particular* in General Electric, winch declined to I quot-d a» i 83 ’j'- for bankers* 89 day hill*. 4 88 for demand
33) j on the 21’ h, and in Sugar, which dropped from 102)4 on the j and 4 *0** for cables. The Bank of England rate remained
9th to 94 by 1 be 33th aui then to 8 ) after tint 27tn when anehaag-d »« 3 p- r c-nt.
The B oak Exchange markets were very dull, except for a
the prooo-e>t r d u e l >a of I4 cent per lb, In the duty on r<»
fined rugats was anuonoe**!
National L ad »ioek a)-* moderate inv. -tm**nt demand in the early p*rt of the month,
declined to 22** 00 the 2-th on the proooaed ’ arid change and and th- Ise'c ot^sntmatioa eaablerl the bears to depress prices,
Distilling A t aid - Feeding declined to 25>4 on the talk Rtslrx* i etroiogs did nor make * favorable showing and the
regarding to- protMbi* change, in the Intern*! revono •tax. tvriir hdl c o t s ' I in . I -meat of uncertainty which was «tmeBut the general tone at the Stock Exchange greatly tmprov d | wh»< prej ih cial, *0 that there wa* little b»-i* {• r any move­
in the hut ten days of the month, owing partly to the excel ment lending to streeg beu prioe*. A nu•niter of *(H*cial
lent demand for railroad and mi-cellaneou* bond*. This •dock* ••towed w n ito *• at one n o t or another, and uteae
demand began with the higher grads of m irtgage 0-wd* for hfeak-downs iod i-nc-d the whole list m-re or less. General
investment » n l »eio extended to *<tme o f the popular low-, Electric * >11 d >vo » f>»rp!y but afterw »rd* recover* d on better
priced
in ludtug second mortgage and tnonmr bond* reuurt# a- t >t - oompunt ’* oroioecta A -n. Sug ir sold to ver
which were t.k —1 freelr at rut-g ptHtes. Reading eref an the tnritT agitatio 1 an 1 Distilling A C. F. broke again on
income bond* were dull and lower after she r port o f Mr the. belief that the tax «n tfkitkw would not t o much InN Y. & New K 'g lm l fell quickly on the tilth
little, the aoeouatant, w«« presented on the I6«h, Th > new 1 ore« - f
Virginia Ion dog bonds 84a o> t9»l were nought at a Ivxocm-• I to '.9"a 0O ram r* of tr tub! •in toe company. Western Union
prices
R id r « 1 -arnmgs began to improve and stock* decltn -1 m «t-rnt-ly on th* smaller •arnlttga. though the H i
gained »tr-ngth to the latter part of the m noth, cl wing with t»T c-o t dtvi l -il l arx* d*<'l»r*l. T ti» was t*»c general situa­
a much feeder too*. Western Union Telegrapn was advanced tion « f the market prior to the Atchison receivership, which
<*.'curr»,l lit* on Biturday the 231. This n*w c>ltip*>‘ in
on what was reported s* a pool movement,
Among 1i*e •ven's of the month no', mentioned above, th. Atchison, follow*,! by th* receivership for N. Y. A New Eng­
Baltimore A Obio mad* a temporary loan in London . f * 1. land, an th- 37th. tbr-w a etoud over e v -m n a g , nod the.
35i*.<>k>; the H>i nu de A Ohio H m'nw-.n-ru c «i» >1 d»ti »o month and v**- t M with great heaviness. AtchHon touched
went into eifecs Nov. I j the negouad ta itin » control of the , 9 ', . N. V A New England \ . tJ-m-ml K l-.tri- i>l'8, Dis.
Cbcsapeaxe Onto & Sonthwe.ttirn by i/m isn l'a A Nashville, , i f ; F H , M .. P ictio 2 » , 8 t PauIM‘l , Burl. A (Jnincy 7-t
with * giuraniy by Illinois O n irsl, were in p- »gr»*i b it n •
Among tie events o f D-veal hr r tb» Jarvis, Conklin Comcompleted ; th* Pud ». * ftaadng Speyer Pun « M extend-*! M St'* re iRgto’Xitt >n plan v u i*aued ; the Savannah Florida
for three am ot-s; foreclosure * nts were brought on the j & Western Kdlraad *x<onMd a blanket mortgage for$r 0,0J0,Toledo Ann ,trl>>r A North Michigan mortgage* ; M»» Cino, ( 000: th* Pennsvirinia SulriMd Company purchased a conJackson & Msckinsw and the Cina L*f>»n*n * Nor hern trolbng inter* -' in th- Toledo Peoria & Western ; n -tnirate
negotiated for c- im iMdaMon: also th* Ctov.Un i I. .rain A rvc-ivrr
aapoteteil for Union Pacific Denver A < ulf ; the
Wheeling an l the Cleveland & S »nth w-» rro ; th- Bransrt'le Utah Cent r*l railroad went into r-v i> v r'» bands; the Wrat* T*rr* iUu e le-uetl t> ,00ft,U00 new »t gk : th- L wlvvlll* A -m N. Y. A Penn, phut of w n f$ «sita fii» was its- e d : th®
Nashville tv tie of <3,000,000 new stock was aoorovs.1. hut the L .-,g I land Traction Co, decide*! to absorb the 1 10 elway
stock m- rely m l I 10 the umtunry; the St, L ot * tercbantV I (Brooklyn)#«««etn ; the Ninartgut Cm al plan of m rg m iz a Bridge Company was absorbed ny the T-rraia«l RR* Ass
•ion cam - ou t; Mr. I m c u R*ce filed hi* »uit to remove the
Moo. f vtetrnc power was mated on the E d« Canal; th* Wi* Phils. A R -iltn g receivers m l proxi— w*r<* s-rught to elect
eonsna Mum, A Pa-ifie at a formal *ai* w ». bought In by the him President *»f tftt> c rapxoy in J tnuarv; the Soul hem
.Rack Island ; the People's Ons Light A Coke Chain toy i ;hl- PaciH. o ' <: dtf inn > li-ted i < fin. C >o«ol. g il l U due 1937;
cago (i*e) sold $$,809,008 bunds t * a N. Y. S*n l.. »:- : th- the Colttmbu* Saniii*ky A Hooking Eulr ud w h for tied by
Chrvriaad Akr«t> A <nlumhoa stuckhol ten voted by « otre consnli i itrw of to* Cohimbus Sh*write- A II viking n <d the
majwtty to l*»a* $ 1,000,090 enoaol bond* and n suit was S,n |,i«ky A C»iu n m* H urt l,;. w ; th- C»i**. Ohio A S luthbrought to ar.jora them ; asieeree-rf forgrt-wtr* wa* entered westem * n report- (1 a* sa il by M*. II tatiugt >n to the III.
■geiiHt the O c rgia South *ra & Florid* R d lr o u l: Lvu-*- Central and reottvers were afterward appoint**!: a plan of
n i b New M a s ; & Chic*gi off red $i,$n.00l) new r-orgaoixtti >-i * 1* issued for the Thurber. Whvland Co.;
prefem d stock to stockholders a>- 4fl; th* Toledo A Ohio C->o- r*c-iv*r» *rer •*p;> dttad for th* A ciiLoa Topelot & S in ’a Fo
u s l Extensiun RK, went tau> reoctveFs ttends on the 1 > h ; too on th* i fcl; the Central P a -H - 1 ,» o was reputed a* modified;
Hmrhrr-Wbsinnd Company went to rec-ivets >n the 18 <i; D-tr iit Ltnung & N *r»h-ro g**« notice o f default Jan. 1: a
the le’bigh Vsl *y BE, empl iyee* oatsT-d <u n strike on th* receiver f <r th - N, Y. St N-w England railroad wat appointed
tilth ; th* Nstnnal Clwlsg. circular containing th- reo-gtn* on the f i f t h ? the N. Y A N >nh* rn railroad wa< sold in fore­
usatwm p«*n was ismwd under date o f November 2 ) ; n new closure f *r $■ .A)J,o *0 an 1 purchased tn N, Y. Oen ral interest;
finnaaal |dm « . * proposrsI nr ihe utanagersof lb - Knnst* the new U, B. Co-dig*; On, was incorporated in New Jersey
City Memphis A Birmingham RE.; » wceiv-r was apnomt* 1 to take over th* a*r*m of the National Cordage Co,

9

R A N G E 01

R A IL R O A D A N D M IS C E L L A N E O U S BONDS A T N. Y. STO CK E X C H A N G E IN 1893.
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OCTOJIKII

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IVOL. LA 1(1.

THE CHRONICLE.

20

189 3 —C o n t in u e d .
JULY.

BO N D S.

Se p t ’ b e r . O c t o b e r .

Low.High Low. High
Low.High Low.High Low.High Low. High Low.High Low.High Low. High Low. High

Low High

Low. High

B a ltim ore &: Ohio—
111 111
113 -113
116 -116
1st* F ark e rsb ’ g B r. II
108M-U0 110 -111 lllk -11 2 k
lio k -n ik 110 -111 108 -109k 107 -107k
G old , 19*JA. coup...... 5 112^-112^ ll0k-110k u o k -n ik
107k -10?k
R eg istere d ........
108 -108
C o n so l., sold , 1 9 8 8 ..3
105 -105
102k*102k
A k . A; i hlc. Juuc...... A
101k-102
103k*103k 103k 104
I U O . S W . - l s t , 19JICI 106J4-100M 107%-107% 108k-108k 107k-107k
B a r . Ac Smith C a r - l o t 107 -107
100k-102
90
-100
96k- 98
95
96k
100 -100k 101 -101k
102 -102
B eech C r e e k .- 1 s t , g ..4
l0Ck-100k
R e g is t e r e d .........
9 9 k - 99k
99k- 99k
B o st. H .T . A: W e s.d e b A 100 -102 io ik -io ik 99k- m i 99 - 99k 99k-100
B u ll. K och. A Pitmb.
97 - 98k 06k- 98 98 - 98 98 -100 99 - 99k
G eneral .................
A 99*trKK»» ioo -io ik 98 - 98k 98k- 99 07k - 98k 98 - 98k
115 -115 112 -112 115 -115 715 -116 123 -123
R . A P ., lo t. 1 9 2 1 . 0 121 -123 120 -120
112
-112 113 -113 114k 115 115k-119k 116k-116k
114
-114
113
-113
118k-H9
117 -118 118 -119
C o n sol.. 1 st........
B rooklyn E levated
100 106 107 -111k 106 -108 107 -108
lo t . 1 9 2 1 .................... 0 116 -117}* LlSk-119 120 -120k 116 -117k 113 -116k 114k-U5
95 - 95 9 1 - 9 1 9 4 - 9 4
2d m ort., 1 9 1 3
3 -5 0 1 - 9 5
109k-113k
107 -112k 98k-103 100k-108 102* 107* 100k 105 93k-100k
Union E l .-1 * 1 ,1 9 3 7 0 116 -117k 117 -117** 117 -117k 117 -117k 113 -114k
B u rl. C . R a p . A No.—
100
-101
102k-104
95 -100k 91 - 99 100 -102 100 -104 103 -10Jk 101k-102k
101«-104k 101 -104k1163 -104k 102k-103k
l o t ...................................
,, 9 0- 93 92 - 93k
94k- 96
94k- 94k
99k- 99k 98k- 99k 96 - 97k ••••
C on sol. 1st A col. tr.A 07 -100
97-97
Registered
101 -101
C . R . I .F .& N .,l s t ....... « 105 -105
85-85
91 - 91
1 st, 1 9 4 1 ...................A 00$6- 92
103 -103
100 -100
I .C .A W . , 1st. 1 9 0 9 .7 . . .. - ............ - ............ - .. .
- .. . 1100 -105
Cauadn Southern—
105 -106k 106 -107k 105k-107k 16Ck-107k 105k-106k 105 -107 •99 -103k 99 -102 102k-104k 103 -106k 106k-109 108 -109k
1st, gunrnnteed ..
99 -10? 101k-103
2d m ortg n g c ............... A 102 -103k 102 -103k 99k-101k 101H-102kjl02 -10.°k 99 -100k 98 - 99k 95 - 96 *93k- 98 96 - 99
- .... 101 -101 101 -103
08 -100 99 -101
104 -104 103k-104k
C ent. O ., reortr.. 1 st..4k
104k-104k
I08k-109
Col. A C . A lla.. » 3 » .4 k
79 - 81
8 5- 8 5 80-80
Cent. K K . A B .. tin . A
61 50 - 55
35 - 39k 37k- 40
34-36
S r t . A W .,1 st COH..U.A 67k- 7l*k 65- 69
61k- 65
- .... 37 - 38 34 - 34
35 - 40 37 - 38
T ru st r e c e ip t s .........
62k 51 - 51
Cent, ol New J e rse y —
115 -115 115 -116 113k-H3k L13k-H4k
112 -113 110k-112
Consol.. 1 S 9 9 ............ 7
112 -114k
118 -118 118 -118
120 -1 2 2
C onvertible. 1 9 6 2 ...*
121 -121k
G en. M .. 1 9 S
S 7 ......
108%-lllM l l l k - U 2 k 110 -111k lllk -112 k I10k-112k 10 0 k-lllk 104k-108 102 -107 107k *109 108 -109* 109k-112 112)4-114k
R egistered1..
..A 1 0 S k -lllk 111* -111k 110 -111k 110 k -lll 110 -111 108 -109k 105 -107k 102 -108 107k~108 107 -108* 109 -110 lllk -11 2 k
L e h .A W .B .-—Assent 7 lOOk-HO
10Ck-108 106k-107L 104 -105k 104 -105 103 -104 100 -103 100 -100 105 -109 108 -100k I 0 0 k -I 08 k
97 - 08 100 -100 98-98 95 - 98 90 - 98 90- 90 92 - 98 91 - 95 92k- 94 98 - 08k
M ortgngc. 1 9 1 2 . ..A 95 - 95
A m . Dor!i A Im
I p... . 5 io8k-ioe 109 -109k 109k-109k 109 -109
I08k-109 105 -106 100 -102 104 -105k 105 -107* 108 -109 llOk-HOk
Central Pucifi
G old , 1 S »A .
06 -106 I05k-105k 103k 103k 101k-101k 103 -103k 103k 104 103 103 10ik-105k
. 6 104 -104% 105k-106 106k-106k
G old , 1 8 0 0
106k-106k 106k-107 06k-107 106 -106% 103k-103k 100 -101k 103k-103k 101k 103 103k 103k I04k-105k
105k-l00k! —
G old, 1 S 9 7 .
,6 106k 107k 166 -107 106k-107 106k-107k 108 -108k 107 -107 104k-104k 101k 102k 104k-105k 104 -lW k 104 -104 105k-105k
G old , 1S 9S.
..0 I08k-109k
108 -108k 108k-108k 109 -109 108 -108k 106 -105k ioik-ioik 104k 106k 104 -106k 105 -106 105k-100k
San Jonquiu B r . . .
111 -111 uok-nok
109 -109k
102 -103
102 -102k
109k*109k
Land grants
•A
100 -101 100k-100k
104k-104k
100 -100
W estern Pnc ...........
107 -108k
105 -105 105k-10ok 106 -107k
108k-10Sk 108k-108k 108k-110 108 -108 104k-105k 102 -102
_ Oily. 94k- 94k 94 - 94k 94 - 94
N o. o f C a l., A9 year..A 95*(- 96 95*- 96k 96 - 96k
90 - 92k 91k- 92k 90 - 92k
Chcsapen ke Ac Ohio
P. m on. tund................(i 108 -108
110 -110
109 -109 108k-108k 108k-10Sk
109k-109k
108k-108k
S e rie s A , gold, 1 9 0 S I) 116k-117 117k-H7k 117k-H7k 116 -116k 116 -116
111 -113 109 -112 113 -115 111 -113k 115 -115 116 -117
M o rt., 1 9 1 1 ................. 6 116 -117 118 -118 117k-117k 115 -115k U4k-Hok
111)6-114
110 -115 U2k-114 114 -115 116 -117k
1 s t, con., g .t 1 9 3 9 ....A 102k-104 103k-106 103k-105k 105 -106 100k-103k 97 -101k 91k 100k
97k-101k 101 -104k •101k 04k 101k-103k
R e g istere d ..................
100 -100 100k-100k
G e n e ra l, 1 9 9 2 ........ 4 k 79*- 82*i 82*- 85* 81 - 83* 8 1 k - 83k 77k- 82k 76 - 80 66 - 77
61k- 70k 67 - 74k 67k- 75k 74k- 77k 71 - 78
l l . A A . d i v . . l » t con‘2 -4 78*- 81
81*- 82* 81 - 82 8 0 k - 81% 78k- 81 77k- 80k 74 - 78 70 - 76k 76 - 79 76k- 81k 81 - 84k 83k- 86k
1 s t, con so l., 19S9..-1 81 - 82* 84 - 84k .... - __
80 - 82k 76 - 78
77 - 77 84k- 84k 85 - 86k
2d con so l., 1 9 8 9 — 4 77 - 78* 78k- 80
79 - 79 7 8- 7 9
70 - 76 7 7 - 8 ^ 79k- 82
_
C r. V a l., 1st. 1 9 1 0 A
98 -100
90- 90 99k- 99k
C h es. O. A S . W ........... 6 105 -107 105 -106
... - .... 108 -108k 107 -107
103 -103 99 - 99k
104 -105
100 -103
2 d m o rt., 1 9 1 1 .......... 0 72k- 73
70 - 70k 70k- 70k 70 - 71 65- 65
50- 60
C hicago A A l t o n Sinking fund, 1 9 0 3 . 6 117k-H7k
U7k-117k 117k-H7k 115 -115 115 -115 110 -115 llOk-HOk
L .A M o .K . l s t , 1 9 0 0 .7 U 9 k -U 9 k 115k -H 5k H 2k-112k 115k-H5k 115 -115 114 -114
113 -113
2 d , 1 9 0 0 ................... 7
112k-H 2k
108 -108 109 -109
! S t . L . J . A Ch. 1 st.*94 7 105 -105 105 -105 106 -106 101k-101k 101k-101k io ik -io ik
101 -101 102k 102k
io ik -io ik 103 -103k
1st, g u a r. 1 S 9 4 -. .7
101k-102
2 d , g u a r .. 1 S 9 N ...... 7
109 -109
C h ic .B u r.A ; N or.—1 s t.A
105 -105
101k-102k 101 -101 99 -101 97k- 99 97k- 97k
98k- 98k 102 -102
Chic. B u rl. A Q u in c y Consolidated ..............7 119k-121 118k-120 117k-U9k 119k-121k 118k-121 117)6-121
10Sk-114k 110 -115k 115 -117k llCk-119k 119 -122k 121k-123k
S in k , fund, 1 9 0 1 ...... A 103%-104 104k-105k
102k-102k 101k-102k 102k-102k 100 -100
100 -101 103 -103
99 -102
Debenture, 1 9 1 3 ...... A 101k-102k 101 -102k 101k-102k 100k-101k 98k-100k 97 - 99 8 7 - 9 9
8 3 - 8 3 S6 - 96 96 - 98 97 - 97k 97 - 99k
C o nvertib le, 1 9 0 3 ...A 106k-108k 105k-108 102 -104k 103 -105 100 -104
97k-102k 89k- 99 92k-100 97 -100k 98 -101k 100 -103 101 -103k
lo w a D I v .-s i n k . fd...A 106k-106k 105k-105k
104 -104
100 -100
105k"106
* lo w a D I v .. 1 9 1 9 ....... 4 05k- 96 95 - 95
95- 96 93k - 94k 93 - 94 90k- 93k 87 - 89k 86 - 89 90 - 90k 91k- 92k 91k- 93 93k- 95
D enver D iv ., 1 9 2 2 ...4 93k- 94k 91k- 92k 92 - 93
91k - 91k 90k- 91
88 - 90k
8?k- 87k 8 9- 90
P lain , 1 9 2 1 .................4
84k- 85
80- 80
N ebr’ sk a E x t.,1 9 2 7 .4
- 88k 88 - 88% 87k- 88 87 - 87k 85 - 86k 83k- 8ok 83 - 84k 79k- 83k 83 - 84k 84 - 86k 84k- 37 86k- 87k
R e g istere d ...................
87k - 87k
Chicago A E. Illin o is—
1st, sinking fund....... 6 113*6-114 114 -114 114k-H4k 114k-116
108 -108 110 -112 112 -1 1 2 113 -114k 114k IH k
114k-114k n ik -iiik
1st consol., go ld ......... 6 121 -121k
123k-123k 121 -121 118 -120 120 -120
116 -116 113 -115
G e n . m o rt., 1 9 3 7 . ...A 100 -102k 101k-102k 101 -1 02 101 -103
97 - 99k 96k- 98 94k- 96k 93k- 95 95 - 96k 95 - 99 *97 - 99k 98 -100k
Chic. G a s L . A C—1 st..A 90k- 91k 90k- 92k 90 - 90% 89k - 90k 85- 90
83 - 86k 75 - 82 70 - 82 80 - 84 81k- 85k 84k- 86 86k- 89k
C h i c .A ln .C ’ l R y - l s t . A 100 -100k 100 -101 ,100k-101 100 -101 101 -101
92 - 96 .... - ....
Chic. J tine.A: Stk.Y ds.A 100k-100k
100 -100
97k- 97k 97k- 97k... - ....
C h ic. M H w . A- S t. P . l s t , P. D ., 1 8 9 8 .......... 8 110k-120k H5k-H6 115k-H5k 115 -117
115 -115k 114k-116
115k-H6 116k-117
108 -110k 110k-113k
2 d , P. D ., 1 8 9 8 .......7*3 .... - .... 120k-123 120k 121k 120 -121k 120 -120
118 -118
1st ,gold, R . D, 1 9 0 2 .7 123k-126k 126 -126 125 -125 126k-127k 125 -125
121k-121k
....
- .... 123k-125
116k-ll8
Il7k-H
7k
1st I. A M . D iv ..........7 119
122 119 -121k U8 -120 119k-122 115k-117H 116 -116
108 -110k H2 -H 2
118 -118k .... - ....
1 s t I . Ac D. D iv ..........7 ....
I20k-121 121 -121
125 -125
112 -112k H2 -114k 116 -116
1st C. A: HI. D iv ........ 7 125 -125
125 -125 125k-125k 125 -125 125 -125
116k-116k .... " .
122k-122k 123k-126
C on sol., 1 9 0 A ........... 7,120k-128 (125 -127k 126k-127k 127'-129 125 -128k; 125 -126 '120 -121k U9 -119k
122k-122k 122 -122 125 -125 127 k -1 28k
1 st I . Ac D . E xten...... 9,126)6-127)6 .- .. - ....|l27 -127
.. . - .. ..
121 -122 123 -124
116
-120k
117k
117k
124 -129
1 st So. W e s t. D iv ..... 0,113
-113 jll4 -114k .- . . - ....1 1 3 -114k 114 -114 109k-lU .... - .... 102k-106 105 -110
109k-H0k 114 -114 1 1 5 k -1 1 5 k
Ast L a C. Ac D a v .........31 103 -103k 103)6*104 j .... - . . . . 104 -106
95 - 95
101 -102k
i st So. M inn. D iv ..... 6 1113 -115 j116 -110k 115 -116 I14k-115k
111 -115 112M-113 108 -110 106 -108 109 -111 110 -112k 112k-115 1 1 5 k -1 1 6 k
1 st II. A D . D iv ......... 7 ; 123k-123k 12:1 -123 |.... - .. . I23k-123k 123 -123
110k-113
122k 122k
116
-118k
118
-121
123
-123 126 - 26
1st II. A D. D iv ...
3I 1C>2 -103 I... - ....1 0 4 -104
,04*(-105 161 -104
- ... 100 -ioo 100 -101

•Ex-Interest*

101 -103k 106

-10

THE CHRONICLE,

J aHTTaby 6, 1894.]

21

1 $ 9 3 —C o n tin u e d .
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fVoL, L V III.

THE CHRONICLE.

22

1 § 9 3 —C o n t in u e d .
1

NOV’BER

DEC’ BHR.

Low.H igl Low.High Low.High
Low.High Low. Iilffl Low. High Low.High Low. High Low. High Low. High Low.Iligl
_
_
60 - 60
do - 74
D e l . B . C .d L A I p .—
95 - 96
95 - 97
6654- 9654
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98
-100
100
101
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D u lu t h A: I . R . - U t . 3
96 - 99
97*103
91 - 93
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9 9 * 102
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87 - 87* 8 7 * - 88
89 - 89* 85 - 86*1 8 5 * - 86* 86* - 87
89 - 91
9 2 * - 93* 9 1 - 9 4
E . R . G a s - 1 st. \94U 5
E . T e u ii. V n. tfc ( • « . 102 -102 105 -1(8 108 -108
l i t ........................................7 108 -108* 108*-108* 107*-107* 107*-109 107*-107* 1C7 -108
101 -101 105 -105
9 9 * - 9 9 * 102 -102 103 -103
89 - 92* 84 - 91* 83 - S o* 88 - 89* 80 - 8 9 * 80 - 9054
90 - 92
C o n s o l., 1 . 1, 1 9 3 6 .. 9 IK)*- 02* 9 0 * - 9 3 * 92 - 93* 9354- 94
37 - 38*
4 0 * - 40*
32 - 32
63 - 54* 6 0 - 6 2
_ .
7 2 * - 72*
E q u ip . A I n p t . . k — 5
98 - 98 . . . . - . . .
98 - 98
9 2 * - 94
9 7 * - 98
K n o x . Sc O .—l i t . g .. ti 100 - 100* 102*-104* 100 - 100* 10154-10254 100 -101 101 -101
A l a b a m a C c u t . —l i t . f i 100 -100
97*-106 102*-106 * 103 -104*
90*-100
99 -107
120 -127* 117 -122* 120 -123* 110*-117 106 -111
E d iso n E . I l l . C o .—l i t . 5 112 -121
88 - 93* 9 1 * - 95 96 -100
97 - 9 9 * 9 7 * - 9 9 * 94 - 9 7 * 93 - 95* 90 - 9 3 * 89 - 91
K H z. L e x . A Bltr. 8 . . . . «> 00* - 00* 99 -101
91 - 9 2 * 93 - 95
8
3
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99 - 99* 98 -100
99- 100
E q u l t .G n * . S t F .—l e * .9 100 - 101* 101 -101
105 -105* 105*-106
E q a i t .G a s N .Y .—193*2 .5
_
_
_
110 -110 110 -110
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E r ie 108 -108 109 -111 108 -108
107 -107* 111 -1 1 3 *
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106 -1 0 7 * 109 -109
11254-11254 111*-112 111 * - 111 *
‘2 d. E x t ., 1 9 1 9 ..............5
11654-11554
105 -1 0 5 *
103 -103
104*-104*
10854-10854
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. . . . - . . . . 110 -110 108 -108
109 -109* 110 -110 109 -109*
4 t h , E x t .. 19-JO............3
_
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5 t h , E x t . , 1 9 2 8 .......... 4
120*-127
126
-130
123
-129
L29*-130* 120* - 121*
l i t , c o m o !., v o i d ........ 7 137 -139* 18854-139* 134 -135 13254-13154 132 -134 128 -132
101 - 101* 101* - 101* 101**102 102* - 102* 102* - 102*
119 -121 122 -122
122 -123
C o m . « o ld , 1 9 3 5 . . . 6 122 -12 2 125 -125
125 -125
128*-128*
B u ll. N . Y . Sc E .—1 i t . 7 1 3 4 * 1 3 4 *
132*-132 *

Low.High

JANUARY

FEBR’RY

Ma r c h .

MAT.

APRIL.

JtTNB.

Ju l y .

A ugust

S e p t ’ b e r ! OCTOBfcH

BONDS.

N . Y . L . E r ie A W e s t . —
93 -101
99 -105
C o i l a t . triiMt, 1 9 2 2 6
F u n d .c o u p .. 1 9 9 9 .5 8 8 - 0 0
89 - 9 1 *
J e ffe r s o n K R . —l i t f f .5
C h ic . A K ., 1 s t , ff. . 4 - 5 101*-103 103 -1 0 3 * 100*-103
4 1 * - 4 4 * 37 - 4 3 * 36 - 41
E t .A : I n d ’ p .c o u ., 1 9 2 9 .9
E v . Sc R i c h . - i f t , *3 i .3 100 -100
99*-100
95 - 96
E vansv. A T . H a u t e —
«

1 st.

120 -122

95 - 9 8 *

9 3 * - 98

88* -

94

101 - 101* 101* - 101* 100 -101
100*-102 95 - 99 95 - 99
35 - 3 9 *

35 - 36

38*- 41*
109 -109
95 - 9 8 *

110 -110
95 - 95

95 - 97

116 -119

120 -120

118«-118?4

K en ., 1 0 4 2 ............5
117 -117

53 - 91

100 -100
8 7 -9 6
20 - 35

_

6054- 7654 6 7 * - 76
_
_

87 - 90
2 3 -2 8

111 -1 1 4 * 114*-115

F lin t Sc P e r e 1 1 a r q .—l

121 -121
1 s t c o n s ., e .. 1 9 . 1 9 . . . 3
P t . H u r . D l v ., 1 s t . . ..3
F l . C . dt P .— 1 s t , 1 9 I S . 5
F t .W .d fc D e n v .C .—1 s t .6
F t . W . dt I t io G . - l s t . S
G a l x . H . dt H . ol ’ s a . 3
Galv. H a r. A San An.—
1 s t , 1 9 1 0 ......................... 6
2 d , 1 9 0 3 . . . . ................. 7
W e s t e r n D iv — 1 st
.5
M . dt P . i t i v . , 1 s t . . . . 5
G e n .E l e c .- l t e b ., 1 9 J -J .5
Oft. S o . dt F l a . —l s r , k . o
G » . C a r . 4 N . - l g t ....... 3
G r . R a p . A 1 n d .—G e n .5
G r . B a y W i n . dt S t . P . -

99*-100
97 - 08

97*- 97*

08 - 100*
00*- 67*
70 - 71

98 -1 0 0 *
66 - 66*
71 - 72

103 -103
06*- 97*

100*-101

98 - 98
93 - 94*
97 - 97
9 8 * - 9 8 * 99 -101
ebH- < m 6 5 * - 6 5 *

99 - 9 9 *
97 - 97

116 -116
9 4 * - 96
92-94
99 -100*
64 - 6 5 *

107*-107*
103 -103 103 -103 102 -102
97 - 9 7 * 97 - 97
94 - 9 5 *
9 6 * - 9 6 * 96 - 97
82 - 96
9 3 * - 9 9 * 97*-100
97*-101
8
0
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8
0
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82-82
97 - 9 8 *

102* - 102*

114 -114

__
_

111 -111

94 - 95

9354- 9354
9254- 9254 91 - 94
_

92 - 97
64 - 6 4 *

67 - 92
6 1 * - 62

66

- 75
60 - 6 2 *

85-95

94 - 95

74 - 87
6 0 * - 61

100 -102

94 - 9 4 *
8 2 * - 86*

9 2 * - 94
6 2 * - 72

93 - 9 3 *
6 7 * - 80

1 6 * - 18

110 -112

100*-102 102 -102

106 -106
103*-105

94 - 9 7 * 9 4 - 9 4
109*-109 * 107*-109
103 -103

101 -101

99 -100
59 - 60

L24 -127
2 4 * 124*
124 -127* 125 -1 2 9 * 22 -123
108 -108 109 -115

1 0 8 * -1 0 8 *
1 0 7 * -1 0 7 *
10 9 *-1 0 9 *
---- - . . . .
133 -1 3 3 *
_

... - . . . .
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9154- 9154 9 7 - 9 8
33-38
. _

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115 -1 1 6 * 118 -118
_
95 - 95
-

116 -117 U 6 * -1 1 6 *
97 - 97
96 - 9 7 * ----- - ----- ---- - . . . .
___ - ___
_
66 - 75
6 1 * - 73
70 - 80
60 - 6 0 * 6 0 * - 6 0 * 6 0 * - 6 0 *
6 2 * - 64
_

90-93

90*- 91*
7 1 * - 81

24-25
110*-114

, .. - ..
95 - 95
_

90 - 9 0 *
71 - 8 0 *

90 - 9 0 *
70 - 7 5 *
75 - 75
_
_

_

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20

- 20
115 -1 1 6 * 117 -1 1 7 *

100 -103 1 0 3 * -1 0 4 * 105 -105
100 - 100* 100 -100
6054- 6054 . . - . . . . 68* - 63

104 -104
LOO* 100* 99*-100

103 -106

112 -112
94 - 94

106 -JL09
102*-104
6 2 * - 66
82-82

■- - -

_
11154- 111 * 1 U * - 111 * 111 * 111 *
115*-116* 11754-11754 119 -1 1 9 * 117 -117 116*-117 113*-117
96-07
99 -100
9 7 * - 9 7 * 100 -100
....
101 - 102*
10154-10154 100 -100
95 - 95
08 - 98
■82-82

101 -101
102*-105
98 - 9 9 *
95*- 95*
106 -1 0 7 *
... - ___

6 0 -7 5

100 -100

9 7 * - 98

93*- 93*

100*101

___

112 -112

106 -108* 107 -1 0 8 * 104*-107 * 105*-107 107 -107* 10 6 *-1 0 7 * LOO -1 0 3 *
106 -106 107 -107
---- - . . . . 1 0 3 -1 0 3 * 103 -105* 101 -103
67 - 70
67 - 70
6 4 * - 68
66-67
6354- 6654 63 - 6 5 * 6 2 * - 63
95 - 95
82*- 82*
80-80
80-80
92*- 03*
103 -104 105 -106

15 - 1 6 * 1 7 - 2 4
108 -110 109*-112

___ -

92

74 - 7 8 *

75 - 75

104 -109 106 -106
3 7 *- 39* 3 6 - 3 8
20-22
28 - 3 2 * 3 2 * - 3 2 * 20 - 25
H o n , A St. J o .—Cons. 9 U 6 * -1 1 6 * 116*-117* 113*-115 114 -115* 114 -115 114 -114*
H en d ers’ u 9 ’ dfft— 1 -t .b
110* 110*
U o u s u l'c C o n .,1 9 3 t ..5 U 4 * -1 1 4 * 114*-115
112 -113
115 -115 115 -115

88* -

67 - 76
_

93 - 95
94 - 9 4 *
60-83

89*- 90*

116 -116

99 -100

1 st, 6 », tr. re c e ip ts__
2 d inc., all sub s. paid.

H o u s. A T e x . C ent.—
1 st. so ld , 1 9 3 7 ......... 5
C o n sol., eold, 1 9 1 2 . .6
G eneral, so ld , 1 9 2 1 .4
D eb en tu re, 1 8 9 * ...... 9
D ebenture, 1 8 9 7 ...... 4
Illin o is C entral—
G old. 1 9 5 1 * .............. 354
1st Bold. 1 9 5 1 ........... 4
G old . 1 9 3 2 .................. 4
C niro B iid g e , 1 9 3 0 .4
SpriiiBf. I l ly ., 1 9 5 8 .6
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G old , cou p ............... ,5
M em o, lt i v ., ls t ,B ..4
D ub. .V 8 . c . . 2 d d iv .7
Cedar F . A- ill ..1 st ...1
III. S t e e l-D e b ., 1 9 1 0 .3
ln d . 111. Sc I um n —1 ni..<i
Ind . D. A S p r.—lst,+ .7
T rust re c e ip ts..............
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Intern* 1 d tG t. Nortb’ n -

90 - 9 7 *
92 - 93
30 - 34
_

100 -100

110 -110

118 -118

92 - 94
30 - 30
_

67 - 74
_
_

5754- 67)4

101*-102

100* - 100*
100* - 100* 100 -100

1 0 0 * -1 0 5 *

101 -101
99 - 9 9 *

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1 0 5 * -1 0 5 * 105*-106
107 -107
112 -1 1 3 * 1 1 3 * -1 1 3 * 11354-11454 111*-114

_

9 5 *- 95*

_
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72 - 72
77 - 77

78*- 78*
75 - 75

124 -124
12454-12154 L24 -1 2 4 *

112

-

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■ 134 -134
09 -1 1 1 * 111 -112
Lll* -112
112 -118
- 72 j 71 - 7 2 * 6854- 7054 67 - 70
3 2 - 3 6 1 35 - 37
8 7 * - 89
88 - 90 * « * - 8 7 * 85 - 8 7 *
7 8 - 7 8 j 7 8 * - 7 0 * 7 7 * - 70
78 - 7 8 *
8-4 - a > * 8 5 * - 86 | 85 - 86* 8 6 - 8 7
9 9 * -1 0 2 * 102*-103 *' L03 -1 0 3 * 1 0 1 -1 0 3 *
9 4 * - 05
0 5 * - 97 ! 89 - 95
8 9 * - 91
8I% - S7«i 86 - 86* ' 83 - &>* 8 4 * - 86
m h o K r l o i E W — Isi
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101*103
03 -103
L04*-104*
JL. S h o r e A .11fell. So. - f

Coupon o il..................
2d , 1 9 0 9 ................. 4 X -3
3d , 1 9 2 1 ...
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Io w a Cent.—1st, Bol d. .3
K a n .d t M lrh .— 9 9 0 1
K e n tu ck y C .. 1 9 8 7 ...... 1
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L18*-118* 119 -110
1 st eo n .. »•••«».................. si 17U-HftU! IT .119U

K v ;..te «st

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_

107 -109
6354- 66

L06 -1 0 8 *
63 - 67

100

-106
101 -1 0 4 * 105 -1 1 1 *' 110 -112
50 - 6 3 * 5454- 6954 .... - .... 60 - 60

22

76 - 78
73 - 77
-73 - 75
74 - 75
7 2 * 73
85 - 8*
83 - 8 3 * 8 0 - 8 0
8554- 87
LOO*-102* 02* - 102* 9 0 - 9 3
101*-103
0 2 * - 9 2 * 90 - 90
80 - 83
71 - <79 *70 - 73
77-80
109*-112
112 -113
11*-113
L06*-107
101 -103* LOO -101
98 -100
95 - 97
8154- 85

12 -114

16

t coupon off.

80 68* 81 82 -

83
71
82
90

109 -111
6 2 * - 68

1 0 9 * -1 1 1 *
64-66

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73 - 7 5 *

8554- 8354
75)4- 75)4

81 - 8 2 *

82 - 87

109 -1 1 1 * LI4 -114
L06*-106* LOO -112
L 2 0*-1 2l*

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22

73 - 7 9 * 76 - 83
8154- 8454 8 0 - 8 5
111*-113
L07*-110
L08 -1 0 9 * L 09*-ll2
95 - 96
95 - 93
L01 -101
99 -101

112 -112

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75 - 81
70 - 71
82 - 82
89 - 90

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113 -1 1 3 *
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12

1131^ i i 41^ - 1.ifi*

10 -110

L10*-110*

L16*-117* L17*-12l
_
15 -116M

L20*-121*
17 -118

THE CHRONICLE.

JiNTiSTf 8, 1S£4,]

23

1193— C o n t i n u e d .
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M lli I l f t o « U 'i r ^ 103 -if* 107 - n o y m s toon i t m e i m m % -m %
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us
112 -115% U 2 j* -m
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m u »t - » M 91% 0*5*; . . . - . . . . .. ..
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M . * t H.Jg. Pr, r » #1

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120 -126
106 -106
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no

- .... its

THE CHRONICLE

24

[ vol , Lvin,

I §93— C o n t i n t ie d .
JANFABV F kb a’nr. MARCH.

A PRIL.

Ma t .

JOI.Y.

ACGtIST. Se p t ’b e r . October . NOV’ BER. D ec ’ b e r ..

BON OS.

Low.High Low. High Low. High:|Low.High Low. High Low.High Low. High Low. High Low. High Low. High Low. High Low.High
N e w Y o r k C e n tr a l-*
E x t e n s i o n . . ....................5 1 0 1 -101V 102 -10254 102%-103% 1102%-102%
R e g i s t e r e d . . . . . . . . . . . . . . - . . . . . . . - . . . . .... - ...\ 102$$-102£$
N.Y. 0 ,& H . - l »t,cp. .7 121%-123% 123 -12* 122%-12* ! 123%-123%
l o t , r e * .......... . . . . . . . 7 *12tH-122k; 123 -123 123%-124 . . . . - .
Orb.. 1SS-I-1 0 0 1.,.5 IO7%-108% «W-108% 100 -107 !i07%-107% 107
R egistered.......... 5 ... - ... 108%-1Q8% 105%~lO8&jlO0%-lO7 107
. . . . - . . . . 10(5 -106
D eb .reK .C N O 1 0 0 1 . 5
..;1G2%-102% 10254-103 j 1025|irl025jj 99
D e b t c e r t * , , e x t . , g.-l
R e s S it e r e r f..........
N . .1. J u u c , , 1 s t , e t t ..4
Deb.. b . ( *00-1005. i - - ... 102%-102% , - ....J 10254-103M
Harlem—I n t . c o u p _____ 7 118 -119% 120 -120%
115
1 s t , r e a r .......... .............. 7 119 -119 119 -119}$ HS%~118%jll8%-119 115
W e s t S h o r e , g u a r . .4 101%-102%;101%-103% I00%~l02%j 99%~102 100
101}$ 102}4 101*5^-103
H eir in to r e d . .. .. ..
90%~101%j 99%-lG0% 99
O s ,& R o m e , ‘i d . 1 0 1 5 5 109 -109%: . .. - ...
M o h a w k Sc- M a l o n e ,, . .
rr. Y . c u t e . & s t , jl . —
1 s t ....................................... 4
f - 97^4 97%- 99% 97% - 98}$ 95 - 96% 93
Registered...........
4
i - 96
. . . - . ..

N. Y. Elevated—1st......7 no%-m%;iio
N. Y.SrN.E.- 1st, 1005-7

-ni}4 110

100%-106%
12l%-123 118 -120
117%-117%
-107% 108 -107 104 -105
-107 108%-106% 104% -lG i^
108%-106%
-1003$ 99 -100% 99 - 99
99 - i

116
114
101
103

.... - ....
-119%; 119}$-122
-117% 118 -120
-104% 102 -104
-103 101 -103

97 -100

.... - ....
120%-123%
118 -122%
103%-108
104 -106

99 -100% 101 -101

123 -125% 12S%-125%
124%-124% 122%-125
106%-107% 107 -107
105 -106*%
106% 106%
100 -101% 101 -101%
98 - 99 100 -100%

99%-. 99%
-117% U8%-119 u r n -u r n
-116% 118 -118 115 -115
- 101%
99%-101% *94 - 99%
- 09
- 101% *97%-101
105% 405%

- 95%

92%* 95%

-110% 110% - 110% 110 -110% 109%-110%

- 95
- 81
-108

119%-119%

N . Y . N . H . « f c I I . - 1 s t . 4 ...................

114 -114%
114%-U5
93%- 97%
92 - 95%
101 -105

97%- 99
95 - 98
102 -102

89%- 93

92%- 95

115%-XlO

108 -108% 108W-110

.17 -117 116%-117%
.16 -117
97%-103% 102%-104 103%~104%;
97%-101% 101}$-103 100W-103
100%-10Q%

91% - 96
95 - 97
89 - 92%
109%-112 111 -113M 113 -113%.
114%-114%

104 -104

New York Sc NortU’ n—

1 s t , g o l d . . . . . . ........ . . . . 5 104 -104 109 -109
100% - 100%
108%-108%
2 d , B o ld , 1 9 2 7 — . . . . 4 71 - 81}$j 75 - 75
773$- 84 j SO - 84
51%- 51%
T r u s t r e c e ip t s ....
79 - 79 . . . .
t. Y . O n r . & W e s t u —
1 s t , g o l d . ................. . . . 5 106%-108% i106%-108% 106}$-10S J100J$-108 106%-107 102 -104% 102 -103% 97%-103 102 -106 104%-106 106%-109 106%-107%.
H e !., 1 s t , 1 9 9 2 ...
83% - 85% 85 - 86}$
80 - 83} 82%- 81% 82% - 85
- 83%i 83%- 81% 82 - 84% 8 0 - 8 3
78% - 81% 76 - 80% 78 - 81
N . Y . S iis t j. Sc W e a t ’ n
R e f u n d i n g . . . . ............ . 5 105 -105% 106 -106% 106%-107% 106%-107% 105 -107% 1033$~105
102
-104% 105%-106% 106 -106%
98 -101%
J2d m o r t „ 1 9 3 7 . . . . 4 % 8S - 9 2 % 91}$- 92
90 - 90
91}$- 91% 9 2 - 9 2
90 - 90%
90 - 90
G e n , , c o l d , 1 9 1 0 ........ 5 96 -100
97 - 99
97 - 97
98 - 99
90 - 93% 95% - 98
87%- 87% 87% - 92
94%- 94% 90 - 94
94}$- 98
95 - 95
M I d P d o ! N . J . , 1 s t . . . 6 118 -118}$ 118 -120 120%-120% 117 -117 113%-116 112%-114% 111 -111 107 -111 113 -113 112%-113 113 -114 115%-116%:
T e r r a , , 1 s t , 1 9 4 3 . g . .5
101%-103% 103%-103%
N o r . Sc S o . — 1 s t , 1 9 4 1 . 5
102 -1 0 2
98 - 98
95 - 95
97 - 98
N o rfo lk & W e s te r n —
G e n e r a l ................ . . . . . . <j 123%-12-i 124%-124% 123 -123
-120
118 -118
1 0 0 y r , m o r t . , 1 9 9 0 . 5 90 - 90
88 - 91}$ S3%- 84 ! 83 - S3
8 l% - 82
N e w R i v e r —1 s t .......... 0 117 -117
105%-105%
C l i n c h V a l . , 1 s t & e q . 5 i — - . . . . j 92}$- 92}$
M d . & W . , 1 s t , 1 9 4 1 .5 1 90 - 91
89 - 90
85 - 87 | 84%80 - 80
84%- 84% 83 - 84
N o rth e r n P a c ific —
G e n . 1 s t , l a n o g r a n t . 0 T15% -U 7% n 5% -118 11556-11’
116 -118 115 -117% 114 -117 107%-113% 100 - 110% 104%-109 104 -109% 108%-110% 109%-111
R e g i s t e r e d .................6 j134 $6-117}$ 110}$-118
115 -116% 115%-117% 115 -116 111 -116% 105 -111% 97 -108% 100%-10G 103 -105 108 -n o
*106 -109%
G e n ., I. g r „ 2 d , 1 9 3 3 6 112}$ 114 U3-%-115 113 -113% 111 -113% 109%-112 109 -110 106%-109% 80 -101
88 - 90% 85 - 91% 87 - 90% 88 - 89%.
R e g i s t e r e d ............ ...b 'jllO -111}$ 112 -112
85 - 87
85 - 85
87 - 87
G e n . , g o l d , 3 d , 1 9 3 7 , 6 106 -10 7 100 -108 104%-105% 107 -107% 105 -107% 98%-102
85 -100
60 - 81
65 - 69% 65 - 6S
- 70
71 - 72
C o n s o l . . 1 9 8 9 ........ . . . 5 ! 6 6 % - 72% 67 - 72% 6 7 - 7 1
67%- 72
30 - 36
60 - 65
58%- 69
31%- 36
39% - 61% 24% - 44% 30%- 38
27%- 35%
C o l. t r . n o te * , 1 8 9 8 .6
95 - 95
I> Iv , s c r i p , e x t e n d * d .
104 -104
90 - 90
S t . P a u l Sc N o . P a c . , 6 117 -121 117}$-118}$ 118 -118 118 -118
112 -112 103 -103 100 -106 105%-109% no -n o
114%-114%
S p o k a n e t f c P a l . s . 1 ..6 8634- 8934
GO - 92
90 - 92% 87 - 87
80 - 80
50 - 50
53 - 53
H a l . & M a n „ 1 s t . . . . . 6 98}$-100% 101 -101% 101 -101 101 -101
06% - 56%
D a k . D iv . 1
......... 6 ___
_
N o . P a c . T e r . C o . , 1 s t .6 100 -102 102 -104 102 -103% 100 - 10 1 % 103%-103%
82 - S2
95 - 98
N . P . & l i o n . , 1 s t , sr..6 84 - S8}$ 87%- 89}$ 83 - 83
80%~ 83
79%- 80
50 - 60
52 - 52
47 - 48
50 - 50
30 - 48%
C h i c . & N o . P a c . , 1 s t .. 72}$- 77}$ 74% - 80% 74%-. 78% 73% - 77
- 68
67%- 73
35%- 54
72
39% - 48% 39% - 44% 43 - 48% 41%- 48%.
S e a . L . S . & E . , 1 s t ... 6 80 - 9 2 % 8 9 - 9 0
85 - 88%
82%- 82%
- 65
40 - 46
81%
50 - 54
50 - 60
54 - 54
T r u s t r e c e i p t s .................... - . ..
52 - 53
50 - 55
50 - 54
O h i o I i i d , Sc ** © s t e r n .—
I n d . B . i f e W . , l s t . p f . 7 l U 3 -113 113 -113 112 -112
O h i o Sc M i s s i s s i p p i —
j
C o n s o l , s i n k . f u n d . . . . 7 !109%-109% 109%-112 111 -111 110 -110
109 -109% 108%-108%
103 -103
107%-108 110 -110 109%-110
C o n s o l . , 1 8 9 8 .......... . . . 7 109
109% 1109%-UO 110%-110% 110 -110% 110%-110% 107%-109
102 -104 105%-107 107%-107% 110 -110
i id , c o n s o l . , 1 9 1 1 ....... 7 . . . .
. . . 1 1 8 -120%
110 -110
1 s t S p r i n g V i v ___ . .7

1120

O h i o R i v e r —I s r ........ . . 5 100%.100%101 -101
10 1 -1 0 1
G e n ’ I, 1 9 3 7 , g o l d . . . . 5
- 85
O h i o S o u t h e r n —1 s t. .. (j
6 107 -109 109 -109 107%-109 108%-109 105%-106 105 -105
98%-101
- 101% 100 -100%
-101
93 - 9e%.
G e n . , g o l d , 1 9 1 5 1 ....... 4 ! 63 - 64
61%“ 63% 60% - 62% 60% - 63
51%- 58% 50 - 53% 44% - 50
40 - 45%
- 50
48 - 50
50 - 51
- 52
O m a h a & S t . h .—1 s t . . 4 ; 08
60 - 62
36%- 36%;
E x f u n d e d c o n p o n ...4 | 55
5 6 -5 6
O r . Sc C . —1 s t g . , 1 9 A 7 . 5
93 % - 93%
92 - 92
O r e g o n R * y Sc R a ? . 1 s t . . . . . . . . . . . .................... CfJlOS - lio w ;
109%-112 110 -110% 109%-110% 108%-110%
99 -100% 10 1 -1 0 1
95 -102 102 -103 103
C o n s o l . , 1 9 * 2 3 ............... 5 88 - 01% : 90 - 02% 9 0 - 9 1
92-92
88% - 90
86% - 88
80 - 81
60 - 64
65
C o l l a t . t r u s t , 1 9 1 9 . . 5 80 - 81
81-81
77 - 78% 75 - 79
70
70
O r e g . I m p . C o . —1 s t . .. « 102 -103% 1102%-105 102%-103% 103 -104%
100 -103% 96 - £
97% 89% - 94
92 - 96
90
*98
- 99
> -100
C o n s o l . , g o l d , 1 9 3 9 .. 5 1 61% • 64 j 61%- 67
63 - 64% 59 - 62% 48%- 58
46 - 52%
48%
45 - 49% 43 • 50%
►- 55% 49 - 56%;
P e n n s y lv a n ia C o .—
1 s t , c o u p o n ..................4 % 106 - 106% 107%-107% 108%-108% 109%-110%
107%-109% 108 -109 102 -106% 104%-105 107 -108% 107
107%-108% 10S%-110
R e g i s t e r e d .............. 4 %} . . . .
..|106%-106%
108 -108 108 -108%
102%-105 106
105%-105% 105 -100
P i t t s . F t . W .d k C .—l s t . 7 137 137% 130%-137 135%-137
136 -136 135 -136
129 -129
132 -132 135 -135
S d . f 1 9 1 1 ? .................. . ? 135 -135 135%-135% 135%-135%
130^
3 d . , 1 9 1 1 5 ................... 7 130%-133
131 -131
127 -129%
P e n n . R R . , 1 9 4 3 , g ..4
102%-103
G e ,r , & P ,—C o n »i.» .lc l.7 118%-110
119 -120
110%-117
115 -117 116. -116
117%-117%
G e n . , 19 4 1 , s e r . 4 . 4 %
109%-199%
8 I . L . V . & T . H , —l s t . 7 107% 308 108%-109 108%-109
108%-109% 108%-109 108 -108
107%-107% 107%-108% 109 -109‘2 d , g u a r . , 1 8 9 8 . . . . . 7 110 -110 110%-110% 108%-UO
109%-109%
105 -105
G r , R . » f c I a d . , | 9 4 1 .4 % 99%-100% 100 -101 101%-102%
106 -106 108 -108
102%-102% 101%-103
99 - 99
99%
99%;
100% - 100% 102 -102
P e o p l e s , G » S 'C .,C h i . 2 d fi 103%-104%
103 -103% 103%-104% 102 -103
98 - 98
95 - 97 101 -10 1
LOO -102% 97%-10O
1 s t , g u a r . , 1 9 0 4 ......... 6
89% - 94
89% - 90
P e o , D e c . Sc E v a n s w
1 s t , 1 9 2 0 .........................6 103 103
103 -104 101 -101 100%-100% 103 -103
2 d , 1 9 2 6 . . . ..................5
0
70% 70% - 72
«9 % - 70% 65 - 65
65 - 65
38 - 65
36 - 50
E v a n s v . D i v . , 1 s t .......6
34 - 40
- 37
105 -105
98 - 98% 05 - 95
89 - 89
•90
84% - 85
P e o . Sc E a s t . —1 s t , c o n . 4
• SO
- 79
77 - 77% 77 - 77% 74 - 75% 66 - 74
68%
72
65 - 69
58 - 61
71% 68 - 69% 68 - 71%
I n c o m e , 1 9 9 0 ...............4
• 74
- 26% 21 - 2 5 % 2 1 - 2 2
20% - 21
18 - 19% 18 - 19
12
14
18
15
10
16% - 18
P e o . Sc P e k . U n .—1 s t . . 6
18 - 21
16
110 % -U l
107 -107 105 -105%
‘I d m o r t . .
41A
107%-108%
75 - 75
73 - 72
05-65

* £i-iatorgst,

.....

THE CHRONLCLE.

J ascaey 6, 1804.]

25

IS 9 S — C o n tin u e d .
B O N O S.

J an u ary Febr ’by-. March .

A p r ic
Ma y .
J une . | J in e .
AUGUST. SEPT'BER. OCTOBER. Nov ’ ber , Dec ’ beb *
Low-Higb Low.High Low. High Low. High Low. High Low. High Low, High Low.High Low.High LOW. High Low.Hlgb
Low.High

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P h tla . A; R e a d tn g ( i m r t l ....................... 4 83^- 85*4 76 - U% 72H- 785, 735-4- 78), 59*4- 77 05)4- 70
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D eferred in co m e___ h t m - m
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4 -5
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9754- 9754 400 -Ml MOW-MU*..
.... - .... uk -its 101 -M l 101 -101
M erle. B , 19 4 - ....... fi}*:i0*J|-tt#M
99 -100
100 -10054 10056-101M
1«5*-MS5* ... - ...
P l r t B .C l.A T o l .-l o t B ... J u s 112
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MW 8*34- 88 85 - 875* S3W- saw 7754* Ml, 72 - 77
F H lfk .d . W e n t .- I X I 81 - 82 « K - 8314: 83
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B0 - 90
M o rtg a g e, 1 9 4 1 ........5 ... - ...
S3 - 83 »M- S5?4 80 - 80
P len a. V al. C o a l- lat.U ... - ...
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4
K lch m 'd Oc D n n v ille-C o n .o l -----------« 1 « •Mft ! * » -U ! IWS4-W9 w
108 1® -160 107 -WS54HW -M554 MS -1035, 103J4-109 los -n o no -11154 100 -in
D eben tw re,....... .
«
»
< * > -# «
05 - 85 ' Cut m j -» - si ■88 - » * ,
SO - 90 91 - 8354 « -9 2
87 — . C o b . >1., told. 19 3 0 3 67 - 7S« 7154- ?» j «# - JW4j
•775,' J«4- 7S 70 - 75 ... - ....' « - 70
•
- ...
T re a t r e c e ip t * ......... '
07 - 73
70 - 7454 7 0 - 7 3
W «* h . o . A \V „ l* t I
3 0 -5 6
R ic h . A \V. P i. T e r .~
T » « « .............
0 71 - 77 ’ 755*- tm\ 7» - * H ' 7«S4- W * » - M * 58 - SO
........... .
T m * t r e ce ip t* .......
uh m ® - 50 4* - 47- *6 - Sd 48-5254 42 - 10
C ott„ tat, c a t .r . c ... . 5 *3 - 4854 MW- it
t*H- *BU » - IS ■ 2114- 40 Uh- 27H
- ....
- ..... si?*- 21?*
T rn *c r e ce ip t* ........
UH- 77.W IS - •» 15H- Si 21 - %m 19?*- 2154 SO - 24H 18 - 21*4
I— • - — i K l« O r. June— l* t . * 3
•p... m - m
: « » C * m L.
,.*w - .... .... - ....
K io Ur&nde Wontk’ a. .3 : 80 - SO . . . - ...
7*5*- 77 765*. 771, 74 - 7754 70 - nu‘ as - *
U l o ( ; . W . - l * i , 1 9 3 9 » 7654- Tl%, 715*- 78
5* - «*h « - « I «SM- <*
07?4- 7454 ® - 74
K . t V A O , . « . tM .ex ..t{U 3 M -U «fitM -115 11454-115 til}* 11* 1105*-US n o 11* .10454-UM* 104 -vrm U»,v*-m ]l ® 44-11054 11044-11254 112 -114
I t. .1 Mi, IS.- 1 9 5 5 I
... j o t -101 I.............
.... - .... 100 -101 101 -101
St. J o . A <rd I * l.-I * t «
- 99 ; »m b*h 9t - u h sesc w
... - ..... 7* - 7«H ... - .. *07 - 8934 07 - 71
K a « .C . A Oot.. I»t 3 :S - 7B
7*k 735*' 71 ... - ..
» t . C ool* A lt. A T . II.I m .............................. 9 'to# -toe torw-KWh
•...Jtm - i « iMH-iot** ton* to,*, too -1015t
j « -102 too -MS 10254-MS 1®54-1W5*
dd, p m . . . ................. 7 ia*54- 100410154-M I 54to; 1915,1(8* -Jfes too -101 10054-10054 ....
» -W j 994,10a 1®54-108*4
9 8 -9 0
Jrf. In.-omr ...................» i*n* W15*
Ml -1015* tonp-ioev, or?* too 1 se - u »
98
m
W - 9*W *1® -10154 10154-1®
D ividend hood*......... t> « !
M
6d - 875,
..i « * - « • ; . tot -tot .... - ...
C b. *•>«, I ..A 6 » d.. I ,t.3 ' !3l54-16!?*;
tot -KO
m 10?
B elie. A Ma. 111. -I »»* . 11054- 11**,
'U054-U0H ... - .. ; ... - ...
St. I .o u i. A Iron ?t«.~
1*«. « « t r u l « k . ..
5 10754,ttm* un -I4«dioo«i-UB<4 t o u » t « s >- , !■ 14, mt
m .mu m - sm » -100 ® -1® 1® -Ml 102 -10254
i d . I N » 7 ............
7 s.^H-tf/r taf S '-cK P i ■ u-.vtin -toe s-t
t’.,i4K a|{]M tt
M1S4-to*5* M
- «
*54-1095, 103 -10*
A r k .n .n . Men neb
7 ’ .. l « -1.3454.1* -lo w lt*B*-l04»* I'B
!0i ■m+t*>H » -WO '37 - » ’* 1«J -100 100 -1®
1 ® -Mi'M
C a iro A rk . A T n w . l ' m -KM
;l»4H-tO«*
» - ®i 9754- 8754 97)4- 8754
10454*10*54' a» - m ‘ & -*8
m - h Ih - m
lie n .e o tM o i.A I,
3 •*,<* *,***
-tt
am79 ! 70 - rt
75
80
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72 - 78*4
r lam ped. t „ r
. 3'
m - #» m - -«*t 86ft- ® ( « * - • » ; j; « - W
« - 78
! " “ • •*"!
St. I,. A Sun Prt«M.—
*4. cla m A .................. It ... - . u s t t - m w 'm -113
im -urn >06 '166 ; .**. - ..*4
-| i« -lot 107 -107 10154'10454 109 -197*4
©*«•• » ..................... It OlhrUSH t W 4 l » ( UX54-U6 b i s u in ■m i u m *m Ml -109 *:
1»J5* 107 Ml?*-KM
085<-l®56
© » « * » c .................. ..•« iU H -l»tH jl* H -l»5 f »u -v 1M IHH U4V IU -111 L * . » ... ;*01 -m .l®
jt® 1 « l « f -IM MIX 1075# &9M~i
lletterol m a tt........... « 106*4 W*H tU -Ml H - - » « 111 u t m w -n o
i<n -uhh
m
m
w
va
m
-m
»e « p * w i i « B « « .........«.js ; » » .
im - m L
*1.54- Wt*| ... - - .
m •m
77 * 7 %
C a a u i. 4 » » r tc « * p , .,4 ! mu
- 53 .63 - i i
60 - 5* 40. - bl
50 - 59
*4H m - mm,
•7H- •
6754- 66 j
is - ®
l « t . t ra »t, lfl*-7
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79 - 78
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- .. . ;
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1*1, llis n
, «M*r *7 ! m ■mm m - w
m*t- m mt- eok ■m * u ■51 - 0. M - 6754 6644- 60?1 54 - DO*. *60)4- 0054 55 - 01)4
* 4 !« « .. 1 # * * .............1 U -•2664* *
SM* 2454* W5» mm- » 1 n - w ?! St - 54
m - ti 1154- 1*54 16 - 185, 1*54- 18)4 tow- m UMr*>
si. I*. A l». 1.1. 1017 3 .... - ... |107 l m ... . ... \m ~im .
AOS -103
1W - 1® m -103
® -100 1 » -1®
P l.P .M I n n . A 3 l « n . 1M. l » 0 9
f ;m -MH ■ ■ t » -n o u t - m . - ,» ,j
107 - 1.10 I® -1® !.... - ...
*ld Biorlit.. I HIM,
» 1.17*4-138 117 j * »
11* -u * um -tm m m -om 111 - i u UO -113 iU* -11* 113 -US 11.1 -113 114 -117
D akota Kxteaalnn
« U7H U7HU«h H» 117
llft + U ft i IU -118 ;IU »U6
10854 11054 11354 US i l l -11654 113 -110 111 -110
coitumi., ev op ..
-imtfmtt-umtj » -ME*’ I ® - 120,1111 -121 IU -110 :11154-110 111 -US
11* -116 11754-11954 tm tr m
K e d o e e d io .... 6W t«o -tot® 109*4 loss. IDffW-l® j-M -19SW t « .10656*162 -1665* M» -MW& 07
97
WJ4-IW5* 1® *102*4 ioi - 10m
K r « l « r r e * ............. lf,*n*-loOH
too -1 <*»
» « ( * « * g * | „ l , t ,4 m - 91 *054- 804* ’ •54- « ' «0H- 80 - »ih « - 80S » -m 79 ~m m - 87 88 - 87 87 - S3 m ~ q0
It m a t e red ........
I - - * ' ■ "* - * h - M notnnn , > » ! . . tat •
e us -t w i.... - ... u« -us 118 -118 in n s US -110 m -m
-103 1086(-l®5k u o -110 UO - l i t n s m m i
l* t. W a r ., 1 0 3 7 .. 3 10654-1665610254-1025* 10454-1® S*J» - 1® IMOM-IM m -1m *44- »o?*
90 -1®
-w
90^-100
® - ®
K. .’ lin n ., l* t . 1»U N «3KM 101 j l « -.1® i ® -tt* ji m -so* ;1*586-198 10654-1*0* . . . . - .....
Baa A n, A A r. Pa** - f
7910 f r u , l receip t* .fi ■OK- 7154 71.5<- n .7* . 78 ; 7 i - 7tw 70 - 71 I'7 0 - 7 9 8 7 - 8 7
I 9 ‘l « < r » « r r . e l p i . t
H1 70 - ion « - 70 07 - S7
7 i* . 71*4- n ;.-mf- » ! 70 - 7&
l* t, 1 0 1 3 , s o ld . * » .4 ...
.....
;
52 - 67
>3 - m%
•00 5754- ®
« - 97
«*■ ,,,.J
M.P.a n .P . l . t . 1 0 , » 3 9754-»*
8«tt»A in, 6fe Slow .-J*,.*,!
- 6..J
mt- m 5*54- 605*
W. V ,A N .K .,l» t .l0 ? 4 !M ; t l
7* * 77 79 - 75 mt - 72?* 72
7* - 74 705*- TOW 73-75
1 SO - DAI -n - 78
«
<ci4 «* (im*
04MraHtr C a r p .- l o t . . « tn um 97?*- »®t, «m- m : mu- m : 70 - MU 70 -7 0
S oatb C a r o lin a 1® - 1®
! « . « » A p r .,'9 1 . cp tt I0SS4 lO'-H I0M4- !'>’•
» ® « -M W 6 j«
-l®
id. 1031 . - ..............« 4? - «$ .... - ....
1 7»w- » W : ... - - - ... - ... •
Incom e*............ ...........,i to - is?*!.... - ....
- * **
s o . P acific, ( ; « | - 1*, . « m
u,W 1U>« H i m -us 11**4-113*. u s -in \m ~um 11* - i u .107 -107 107 -M7 Ml -l® 10454-I8454 10754-1®
to* CUM)., maw... 3. 0Mf-« § 4
87?*: ® 6< •SM m - M S M - MV; M - 94‘*; 91 - or, 9354- 935* 83 - 9154 90 - 8454 90 - 01 OT - ®
A n. A N .W ., l . t . 'd l 3 » - SB4* 88 m mn mim - <m m - m •m -m 8JM-.M S3 - *4 8154- 83W 8954- 815* » - » 0 «
« o . P a c., A rlr... ]*t
41«| -irr«* wfip-ton M0 ■w-t m -mo m - »m m i- mu
98 - 98
9354- 95 m u - os
91 - 91K 93 - 951
- 1® t ® 5 4 - l ® » t « -M l 1O»W-1O34,.101«<.1M4C1<K> -Wi
s » . P a r - N. * le x .-l* t .t t i<>* -M.tW i-e.
mm
T enn , C oal A i r o n 70 - 76
70 - 8254.... - ... 7754- 775* 74 - 76 75 - 70 73 -7 6
<r«B »e * * e e D l r M n 8^ 4- «» * ; m 8*
: oa _ ificen «m -^«J#
a*6«Ai «m
76 - 75 m - *.
70 - 78
7 0 -.7 4
70 -. 81 >*«
Bit* M l*.. I*t . ... B 91
®-* 91
T . H I L » f « ( . l ,.- l * t .* w 975* 00
9 7 -8 7
86 -9 6
.........I

8»K- 89« 90-91

9 0 -9 1

9954- 01

91H~ WU

>,--rt 6fi *e*.'

J

h
, .. - . . . L ...
> - - 5 76H- »1
7 « - SOW 77
V
L .g— 5B1 2m - 2*

■73 I 77 - 78
2W4
®<4

10254-1925*1102 -192
59 - 71W 59 - ® 6454- 72
17 - 19H 13 - 1» MM- 17 m t 18«

m -

74

<58 - 76
15?*- 2154

- 8054 *72,%- 78A
- W 18 - 23

tvou lvici.

THE CHRONICLE.

26

18 9 3 — C o n c lu d e d .
JA N U A R Y

BO SUM.

Low.High

F ktjr' r y . M a r c h .
L ow .H igh

Low.High

JU N E.

A P R IL .

JULY.

Low.High L o w ,H ig h Low.High L ow .H igh
Low.High Low.Hlgh Low .H lgh L o w . H ig h Low. High

109 -110
11356-116 11354-116 111 -115 100 -110 10554-10654 107 -110
08 - 995$
* o l . A . A . A : C .» u n i t* M ~ W 4
107 -108
T o t . A . A . A N . M m T h i .0 108 -108% 106 “ 107* 106 -108
30 - 3054 30 - 3054
- 93
1 * 1 , e # W M » L » 1 9 I 0 ..,,8 j 00 - 98$& 93 - 93
106 -1125s 100 -100
113
-113
T a U A J U & G , T . ~ l » t . , « 1 1 3 -110 115 -H 6
90 - 90
9854-10154 9954-101
T o l . A . A . A m . I * l.-« | l0 2 -107% 104%-lOfl
105 -106 102%-103% 100 -102% 102 -104 103 -105
T o l.i i- O h l o O n U - l * » t .i i '106 -107^ 107%-10S54 107 -10854 108%-109 1O2M-10554
70 - 70
7254- 74
76
80
191L 1! SO -81 8054- 80% 8054- SOM 79 - 80J4
- 63
53 - 57%
5 5 -6 0
58 - 63
6054- 75
81 - 80
m - 85
* f*o t.B f.Io A : K .C . —'1 * 1 .« 88% - 9054 85 - 90
. ...I 93% - 95
100
-100
103
-10354
Vlm, & O r i .- l M t , c o n ..5 103 -103%
•Third A w « * n e * { X .Y .)

ini. u r n ..... .

5 332H~m% ii8%-ns% 11354-11454
-10254

C o lo n P a c ific ­
106 -106% 106 -107 10654-107
is t. 1 8 9 6
« 105 l05&
i ll t , 1 8 9 7 . . . ........
« IOG%-107 i06%-10?% 10694-10754 10794-1075$
tm t 1 8 9 8 ...............
6 108J4-109 10894-109J4 1C8 -109 10854-109
l „ t , 1 8 9 9 — ......
-6 109 -110* 10954-110 10954-1095$ 110 -110
S in k in g lund .................. 8jl0354-10654 105 -105% 101 -10154 10154-10194
R e g lo t o r e d ..........
C o l l a t e r a l T r e a t .......5 ...
101 -101 100 -100
C o ll a t e r a l T r u s t ........6 . .. .
68 - 6954
6 5 -7 0
C o ll a t e r a l T r u s t ....41* 07 - 7354 73 - 73
9754- 9SM 9754-100
C o l. t r . notes*. ’ Hd, g .6 : 9854-102% 9854-100
JB L an .P ttc.-lal. 1 8 9 5 6 106% - 106% 101 -104
J0654 10554
1 s t , 1 8 9 6 .................... «i06% -10 6%
D e n v e r D W ............... <> 110%-11Q54 111 -11154 11154-1115$ 11254-11354
i i o « - a i f c 10954-111 10954-m
1 s t . c o n w o l ...................6 10S%-112
C e n t. B r a n c h , s . t - 7 . . . . - ....
S4 - 85
81 - 84
A t . C o l . A P n c . —1 s t . « 8 1 - 8 6 % 85 - 8«
82 - S2 .. . - ----A t . J . C o . & W . , l o t . 6 82 - 82
105%-108
10354-10554
© rear. 8 b . l . i n e —l » t . . H 106%-109
10354-10654
O r . * b . t . . Ac U .S . . c o n .5 7 8 80Ji 79 - 79% 77 - 77H 71 - 7654
t ’ o t I i U ,T « f „ 1 ! > M » , s 5 60>j- 82M . . . . - . .. ... ~ ...
U ta h S o u t h e r n —L ie n .7 100 -103 102 -102 102 -102
. . . . - ... 10054-10154 101 -101
E x i ’ n , 1 s t , 1 0 0 0 ...... ? :! « > -103
69 - 71% 71 - 73
D . P a c . D e n . * (J .C o n .5 « 8 « - 7536 70%- 74
... - ....
B n .P a c .I ..« 5 C o i..t » t 3 8 4 - 8 1
U . S . l e a t h e r - 1 9 1 5 - (i — - . . . . . . . . - t .. .
104 -104
C t t t b JL N o r t h ’ l l - 1 s t . 7 . . . . - . .. .
V i r g i n ia m id la n d —
84 - 85
84 - 80
G e n e r a ! , 1 9 3 0 ........... 5 77 - 82% 83 - 83
8 4 -8 4
84 - 86
8254- 84
G e n ., g u a r . s t a m p e d . 5 j 8054- 82
W abash—
105 -105% 10454-100 10554-1065f
1 s t , g o l d . 1 9 3 9 ........... 5110254-105
7854- 80
•id m a r t ., g o l d . 1 9 3 9 . 5 7954- 82% 7S%- 80% 77J4- 79
.3454- 37
34 - 3454 3254- 34
D e b . I n c .. 1 9 3 9 , s . B - 6 37 - 39
S t . l r . K . C . d t N . K ’ 1 E .7 107 -107 107%-107% 10254-104% 103 -103
N o . M o . - l s r . l S 9 5 ? 10454-105% . .. - . .. . 105%-105% 106 -106
S t . C . B ’ s e , 1 s t , 1 9 0 - . 6 109 -109 109 -10954 110 -110
99%-101
0 . d fc C h . E x t . 1 9 4 " . . 5 98%- 99% 99%-100% 9854-100
W . N . Y . <St P e n n . - l s t .5 102 -103 10354-105 10254-104% 10254-104
30 - 32
26 - 29% 25 - 27M
i d JU.f 8 . , 1 9 i 7 . .. 3 - 5 3G%- S3
W . U n io n T e l e g r a p h —
C o u p o n ............................7 ---- - ___ 113 -113 111 -111
11254-11256
C o l l a t e r a l t r u s t ....... 5 L0354-106 104 -105 103 -105 103M-104M
W b e e l ’ g ifc L a k e E r i e —
l » t ........................................5 104 -10454 107 -107 10454-10454 10454-105
C o n s o l ............................. <» ___ - ___ 76M- 78M 79-X- 7 9 «
_
_
_
_
W h e e l . D i v . , 1 s t ........ 5
102%-102%
W h . I - I . t P . C o a l . . .5
W l a . C e n t. C o ., 1 s t , g ..5
I n c o m e , 1 9 ; J 7 . . . . . ....... 5

N O V’ BER. D e c ’ b b b .

A U G U ST. SE P T ’BER OCTOBER.

10654- 106% 10254-10354 100 -103 10254-104%
10754- 10754 1035s-10454 100 -102 104%-105
10754- 1095$ 104 -10654 101 -102% 103 -108%
110 --U054 104 -104 102 -102 104 -107
10194-10254 101%--1025$ 10154-10254 98 -103%

106 -107
10654-107
108 -108%
109 -10954

111 -114

11354-H554

105 -106% 10754-108
74 - 78
80 - 8654
6 2 -6 4
6354- 64
100 -101% 99 -100%

10154-104%
10254-105%
103%-105M
104 -107%

102 -104%
L02%-104%
104 -106
10454-106%

100 -100

103 -105
104 -105%
105 -10654
106%-107
98 -100

102 -102

65%- 66
97
50
97

j 50 - 5754
60 - 6254
6 7 -6 8
| 7254- 86
95 - 9854 94%- ■99%
1101 -101
103 - •103
105 -105
. - ....;1 0 9 -109
10954-10954
105 -107M 103%- -105 100 -1055$ j 88 - 99
96 -- 96%
59%- 65
V0 ■■ 70
75 - 80

71 - 75
48 - 48
77 - 82% 8054- 91
103%-10354

49 - 50
88 - 91%
102%-104%
101 -10354
10954-10954 10954-10954 106 -108% 107 -10954
94
8254- 89%
91 - 9554 6 5 - 8 5
8254- 89

40 - 60

60 - 60

98 -101541 80 - 895 8454- 89
57%- 64
52 - 60
54 - 54
90 - 90
90 - 90
75 - 75
96 -100
42 - 49
3954- 50
60 - 6854 4754- 62
75 - 77
10S%-104 100 -103% 98 -101 103 -105%

81 - 90
68 - 83
47 - 5754 4454- 48%

10054-10354 9754-102
6554- 70
67 -71
72 - 72
77 - 85

101 -101
H - 71

9854-103
68 - 73
25 - 25
102 -102
L00%-1015$
101 -102%
100
-101
10054-102%
98%-100
105 -106 101% 106
100 -100 10154-101%
93 - 1
9954-10054 99%-10054 9754- 9754 95 - 97
102 -103 102 -102% 96 - 9954 94 - 9654 95 -100%
19
-2154
18 - 20% 21 - 2354
23 - 26% 2254- 2354
109 -109

7 7 -7 7
79% - 79%
73 - 80
87H- 82H 90 - 9354 87 - 87
88 - 89*4 88 - 88
3 3 -3 3
3 0 -3 5
30 - 30
2 5 -2 5

73 - 77%

40 - 40

70 - 73
72 - 73
102%-103%
72 - 7854
20 - 25
105 -105%
106%-10654

110 -110

110 -112

103 -103
95 - 95

74% - 90
4 8 -5 1

*0154-103%
74%- 78%
2554- 2554
10254-105%
102%-102% 104 -106
10154-102 105 -106
-100
95 - 98
9954-101 100 -103
2054- 25% 22% - 2554

101%-105
70 - 75
2154- 25
101 -10154

95%-104% 95 - 9754

97% - 98

45 - 50

105 -10654 103 -10454 104%-10454

100 -104
98% 10254 93 -10154 93 - 99
6 0 -7 3
60 - 70
71 - 7754 69 - 74
19 - 23*
2154- 22
25 - 28
27 - 30

102%-104

85 - 85
40 - 43

3754- 46

74 - 7454 7754- 7854
79 - 79
7754- 79

81 - 8254 79 - SO
8154- 8254 79 - 80

10254-105

48 - 48

11354-11354

L01%-10254 102 -107

11254-H254
10654-107%

101%-101% 10154-103

107 -10754

9 4 -9 4

94 - 94

6 5 -7 2
71 - 7554 68% - 72% 69% - 72
60 - 70
69 - .70
82 - 87
20 - 21 19 - 20 12 - 1354 9 - 1 5

9954-101
102 -104
20% - 24

6 8 -6 9

6 8 -7 0
68 - 75

1054- 12

75% - 75%
69% - 70
14 - 14

* E x -i n t e r e s t .

COURSE OF PRICES OF G O V ER NM EN T S E CU R I T I E S E 0 R T H E Y E 4 R 1893.
[Compiler! from sales mails at the .Vew Y ork Stock E xchange ]
C oupon
B lids.

Coupon
Bonds.

R e g is b r e d B o n d s .

‘ 548, 1891.
6s, c u r ’ey 0a, cur'cy
4a, 1907.
ex t.a t2 p e 4s, 1907.
1898.
1899.
Jan u ary.
O p e n in g .......... .......................
H ig h e s t .... . . . ........................
L o w e s t .— .............. .................
•Cloalne.........................................
F eb ru ary.
O pening .......................... ............
H ig h e st . . . . . . . . . . . . . . . . . . . . . . . .
L o w e s t ... ...........................
C l o s i n g ....... .......................... .
H a r e li.
O p e n i n g -------. . .
....................
H ig h est .......................................
L o w e s t .......................... ..............
C lon in g .........................................
A p ril.
O p en in g . . . . . . . — ....... .........
H ig h e st .....................................
L o w e s t ....... ...............................
C lo s in g ................................... .
T in y .
O p e n in g ....... . ...........................
® L ow e s t . . . . . . . . . . . . . . . ............
C lo s in g .........................................
June.
O p e n in g ........ ........... ...........
H i g h e s t .................
L o w e s t ................................
C losin g
..
..."

x ll3
114
113
114
113
113
112%
m u

....

___

—

112%
112%
112%
U25s
H IM
111%

....

m n
113
s ffiX
x lll%
111%
11254
m u

m u
n ix
H2M
1U «
m u
n m
112%
m u

«3M
114%
U3M
11451

U 3M
11354
112%
113

U 3«
m u
U3M
1WM
....

113
113
112M
113
99%
09%

110%
110%

■.

R e g is t e r e d B o n d s .

0s, cur'cy 6s, cur’cy
454s, 1891,
4s, 1907. ext.at2pc 4s, 1907.
1898.
1899.
J u ly .
O pen in g.......... ........................
H ig h e s t...............
.......
Lowest.......................................

110M
H IM
108
108

A u g u st.
108
Opening....................................
H i g h e s t . .. .. .. .. . .. .. ......... .
108
L o w e s t . . . . . . . . . . .....................
112
C losin g.....................................
S e p te m b e r .
112
Opening........... .................
112
H ig h e st...................................
L o w e s t . . .. .. .. .. . .....................
m is
Closing............ .........................
H IM
O c to b e r .
Opening.. ..... .........................
111
Highest.................... ...............
H IM
111
L o w e s t.... . . . .......... .............
Closing................. ....................
H IM
N ovem b er.
Opening........................... . . . .
112M
Highest.................................. .. . 114
Lowest— .............................
112M
Closing.......................................
111
D ecem ber.
Onenmg..... ........ .....................
115
H ig h e s t,....................................
115
L o w e s t . . ., .. ,- .......................
m
Closing . . . . . . . . . . ...................
111

97
97
97
97

....

lir a
111M
10854
108M

108
1G8
108
108

108
111M
107%
H IM

11054
110M
___

110
no

110%
u m
110%
11154
65M
95%

9514
9SM
)

112
U3M
ns
xii354
11354
114
113
113

....

....
....

Jaki aky 6, ISti.j

THE CHliONiOLE.

27

COURSE OP PRICES OF S P I T E SECURITIES DU R I N G TI IE Y E A R 1893.
(Com piled from aefual sales at the Hew Y ork Stock Exchange ]
JUNE.
JULY. AOOC9T. SEPT’BgR. OCTOBER.
Febb’ by. Jt 1Iti'H. aphtl.
MAY.
Low.Hiub IsOw.High Law.High Low. High Low. High Low. High. Low,High Low, High Low. High Low. High
93 - 93 fl&lft- 97
103 -10rlH 109 -100 100 -100
A&b*atfM3L A, 4 so 5,1906. UXftft-lOl immm 10t -1<W§*
Ciati
_____ —
■
%_
D'2 -104
106 -U
Claa* B,Ss,180ft .. ............104 -lift*
90M- 90^
m i- m i
91 - Hi
90 - 90
89 - 80
Cmrreocf l a n d i n g *830.-. ...
10 - 10
Atiaaum*---6s, **i fol?ord“
9 -9
8 - ’S’ 12 - 18
U - 14
W - 15
17 ~ 17 T * - i s
7*11 fLP. bTS N■'•C
10 - 12
7a. Mia#.O. A Red K...
92 - 92* 95 - 95
95 - sis'
9 4 -9 4
Con «*>l , 4s...
m - »7M «M: w
'm i m
Forth C ^ -ste a —
00 -100
GooaoL4a, S O .....

No v ’ bbr

Januaby

SBCUfUTIES.

JSZ -tfeJ
-m
€», 1919.
So. Carolim—Von™'t»n«S., 6* rift- .2f4
::: - : : : : . i s : « - w i k Teaneaso*—
**» I n*‘ «a 1CB
Now Setiiement. 5s, 1913.. ...,. - ..
H^S<*UesB6m,fe'. 1013 . 74 - 7554 » fm '« * - m
71 - 71 j 74 - 74
C om pronto ’ & & & .* 1912 ' 71 - 74*
flrgiala—►otul.debt.ft •--» . — - ...
8s, Ooferr’d um i receipt* — - ...
Treat receipt*. (UmacC 7 - ?
&i m
:
........ ao - 4r*

2 -2
7 l% - 73

115 -113

■’*■ - *■

xcrU^KWtt

«7 - a#

TO - i m

IK- 19ft

64-65

100 -10

117 -117

Bft- 2

100 -100 103 -107
97 - 97 . . . . - . . .
70 - 71*6 68 - 70

OEC’ BEB .

Low. High Low,High

9« - m " 9 6 -

97

M - 94

97

9 7 -

105 -105

t«M- rUi 74 - 75"

SIM- 5254 SIM- 6394 5994- MM si'M- 6794
""| "s - 7" 9 - 994

”” -

5 - s’

Q U O T A T IO N S O F S T E R L I N G E X C H A N G E F O R E V E R Y B A Y IN T H E Y E A R

1893.

[Compiled from the quotations o f leading bankers ]
Angeat.

March.
February.
w a . Sight, F id . Sight.
4 m-7 m u 4 f83< 8*Sft-»
* m i m u 4 MtWMgf*

80 d. Sight
•Ol

i

*m
#?-*♦***»

«7-U »*4ft
4 *-?M

lH7l *

* K7-M
4 *?~h | w»
6U-" u m m

ft ST
87
fFlt *s 4?
«m

Si­
4m
im
4 no

4 »7
4m

* mu

*4 «7$a aw*t
S*3

*

■* 8#
4 @@

m .7u *mM

« m -f,

S.

H a # !

H o lid a y .

9M*-WS.M
tln'xl*.
«m*-r to-M

sin .

4 a* 4 aa

4 hi

t m

s$4J 4 «3
g.

4 8.1 4 86 82*14 S3 14
4 84 # ft! 8 4 4 >5K

aRsa S T S
s«

A tm

S SS &pj£|

ftft>fb 87 *4

muJ?~7ms
m us 87. s
874ft

^

87 > «hs-4 SM*-- 81-*4 4 83
S 3 H - ^ J 6 Holiday.
4 mU SV6 014: .

# 82-5 #87.4

®mr*
ftiu
*
jpi ‘

HiH-5 *554-7 6154-2 8*3-7

mu-3’*7 ! »

844

ft,

MM

8144 * 84^-5

SH 84-544 8*-?u WU-9 hiM-5

3K

it n a a
rtH-¥
8
«'H4*
ftw#-S m W tl§4Mmu~9
-fH-a ftii; 5

SKi

.^4§itma «#7 *ft«P
4 *^7 *m

October, November.
S e o te m b 'r.
00 d. S ight. 60 d. Sight. 60 4. Sight.

«sj.f I # 2*4 7^64
8lM S7.‘4
‘ ftaiftrftmM A if^ U 4: 1
a 4 -4*4H>>

SMft i

•K M « »
* S6 40»
« m*

« r~n m u

f t.

ft ft4-l

5 3 ' * # ^-i-8
«»ft-R 4 9
ftiSrfttftft

it**il6a>.
m-M

UWb.«8T 4 90
4*9

4 M.U

* 8ft

£ £ 5 8

M3-4H
Si -4* 84.3
S‘-H 84«-3
81-lft 84H-5

687-W »

* m-u m u WHft.7f“**"
*t*Bj &h%

f

w

S.
81*4 8 85*4
4 81 4 06
s H«
83M-4
8i|4»4

4 ^3-4 4 h5-I» nilij-ft ftft-$ft
4H4.4 4 8V6
' 0.

a

......... 4^484-M MU.7
fllU-S

»

♦4 .< s s « i ®
» - « 8714-8 « « M Hi-5 93MA
4 81-Si X i.6 »'«, «l

S.

81-L'

.

“4M-6 M.ilMay.
WPWMrS,,

4 «7 i» 4 « * H 4 -T * *» *-V* « > , 4 *7 * 0 0 . * «•> 4 BOi* 4 M« 4 At « MM 4 "»■< 4 off, * »•
* ASM * « n « 4 H4<4 4 87M 4
«!»l 4 ♦> t«M9 4<F7 4«0 4 '■•■ 4 ASM4 * .
4 »-• 4 8*
4 — 4 «*t* 4 ' •>» 4 H.I * 94* * t*M 4 81 4 84 491W48414*

COURSE OF PRICES OF B A IL B 0 A D

A N D M ISC ELLA N E O U S STOCKS FOR T H E Y E A R 1893.

The followir.ft tabtm. prepared in the u-util nt vie tor i lt>- < «K05l( I.E show the monthly highest and lowest prices of stocks
•old at the N. Y. Stock Exchange. Tht*»al*"Of rout <1 lot* of 10Q*twre. and upward* are t»krn as the standard for prices, except
in the case of tho»e stccks that are wild mainly tn sun II amount*, and for which no price* in 100 share lots can be obtained.
(Compiled from
of stock* st tb* Sew York Stock ExchAnxe.)
8TO C H K

J S K I’ AKT r * » « * « * r

M * » ri» ,

4P R U .

M AY.

Jew s.

3Ct-V.

A UOU6Y. Hkwr'Btra. OCTOBCR

N’OY'nRR. DKC'BXa.

l-era. H igh L * . II 1* b : L e o , ||ig h t o w . H igh Low , H igh Lerw.Bigfe LbWeHyrli L o w . H igh t o w .H IB k L iw .llt g h L o w . H ig h
H A 1L R O A P 0 ,
A l b « m f 4k H m m » mb mmm»
A l c M w i B T u ft. Ai H, F e ..
A U s s l le 4t e a c i a .
B a l t i m o r e Ac O k la . , . . .
Bmn
,1
cmrtm
R m lu 4k. I I , f t . W . - r r * l
B e f e ll C‘ re * li... .
B o * t .4 l’ S . V , f t i r - l w , p r f
B r o o k ly n E le r n lr *
.
B a f . R «efei. 4k
P rel
B a r , Cl, H « p . 4k: N o r t h .
t 'n n n d l o o F n c t S e
C a tn n dn - o u r h e r o ...........
Ile ifty r WmH o 4k M l « « ......
€ fw t r m ! o i X m t J e m y .
C f u t r t l F t t e t f t d ... ■ . ..
C f c n r l . C * l . 4 a t a . it.
C l t e .o p . « l f A: i r h l o V o i t n * u u , i c e r t ........

C W « « « l l l A lt o n
F r « l ........ ................
C3kl€* B a r i . 4k < | » l» e y

lft« - I O
MftM 165M —
- . . . . 164 -165
F i * m u SIMsot*- 34M, a t - tta*»
1 %
*
* « «fft L *
« * - M4
« * , » n » ta - BSM *0 - « K m * ftofi
« l t - M : ftft w ftMft s s y - fto y
« « .• w
a*t- *«■ * - TSi- 4M- «
*M
&M
. . . . - . .. | M O ' M M m * m n
m
-tm w tv tM -m n ' .. - ... : : : : : : :
- *
; a s - *7
»M
4AM »
m
- if
s* » M t
JB - * M !
»
86M- 1M9*. fti * m%\ m - 86
r r - ft»
m - ftft I,*** ftft - ftft
Sft - ftft
m
S7 - BOM' M M - *>M m i - 4 1 *
6*M f-74*
S4M- M M j i « H - s «

196 - 1 «
i* N r * ^ S
» - 3M
75 - 9SJ4
7 « 4 - »3
AM- 4
. .. - . . . .
m -m
30*4- «
so - m
76 - 70
fto y - 67
57M- 81
««M MM

t k S M liiM 11* -1*0 jlH M -121
t l*
swj» M W t t - SB ; 17 - StTf*
25 - ftft i

-tS2

10494-lUM 00^ 1.10
» M - *9S4 ^2 * 26
•m - 19

m

~ M

S5!ft“ S ill
ftiftftr *3
K 0 -IIS

*794- M M W M - X M
ftiNiow,, - ....
141

-4M

*

1

-

C M « . 4 e t t n o ie r n 1*1. .
f^i * 7S^' 66 «
ft^4» f f
B r e l ............................... . ..
Mil *1W%|
C lt fe .
P a n t.
7f>H HB44 76 - 9*M, 749*- :*».*
P rof....
. .
t z it M ^ y . is o iF ls i
C W e . «Sc M o r t b w f o * . .,.
F r e l . ....... .
-M S
liiftftrlftft 1 1 1
C l l ie , R t ! , 4 e P ttclfte , .
Sllse-* 8ft
MM,
C k lc . (44. P a u l .51. A- O
d 55k*
47Hr
P r r f . . . . . . ...
117 -|!F»| lift - H I t l t f -119
C l e e . t i n . t M r . A 9 |. 1,.
m u - m u cftSft- 32*4
F r # f , ......
f® fifty* ^7 1* b i K »
0 1 e v e . ftc
gaMPe
155 -IA7H tS A H -W jW lM
!.-.7M
C ot. (to r it. y « l . e
iftl#
1
rJh r+t ■
- TIM 6 '
71

1 lS#^dluM#*sC

lit

27

171ft-

trifft* 08

ftW#“ m U
m - ft&y
us
m
iftB r ^ 3 4
9014- »tM
151 - I M
•.•o h 29
70

...* .:

I8C -1 7 6 106 -167
1894- 21*4 BM- TO
244- 2*4 i - 3
» * 4 - 7 S « 0754- 7444
. . . *» . . . . . . . * . . . .

.

.... - .... .... - .... .... - . .. .
18 - SSOM
20
ftft - 23
»
- 27*4 TO - so w . . . . - . . . . 20
.... * ....
. . . . - . . . . 70 - 70
5 0 -5 0
B7M 74*4 7444- TO
7354- 7544 Vi - 73M 7054- 7694
S»M - 47
45 - 49
48 - 63*4 m * r 63)4 *47M - M «
,
84 -10494
w w o m 108 -1*0*4 11 5 -i2 m 112 -lift
10 - 2091 io j4 - m i
m - w
l«M - 71
l»M - 22*4 2 0 - 2 1
„
•«
1

l»M r S»M ISM- 19*4 ISM -. 1794

W M- « a *
6 iy -

‘

i m -iflo
1M4- TOM
*W- 2M
86*4- 7794
.... * ....
3 - 4

to o - t o e
24 - u
s i - aai* 23 - MM
76 - 80
*6 - m
75M 7«M <# - 79
*4S.M- MM M M - SOW

m y mi

-144M

Oft - 6 6 k
a#
7584- 70H
iis ? 4 4 » y
1104ft H S R
H O -145

150 -I M
160 -ISO
IBM- 7CH ISM- 239* im - i m
1744- a w
2 - 29* IM - a
1*4- i
*M - 1*4
97 - te w M M - 7394 saw - « M 08 - 7044
76 - 76
. . . . - .....

00 - 0 t
02 - 06H
00
- 70N
<v<M- 7-5M «
u s - n « y n s -in t i
105 - 1 1 1 XO89ft40C9ft
188 HO il3T -140
ftft - S l y *06 - 74
90 - 6 0 i s s - * i y
112 - I l f *106^-110
83 - I«94 » - «•.’ «
85 - 91
83 - 87
148 - 1.5* 146 - i s s y
si - m
10-22
m - m u 60
*9P

12714-104

*

« w - St

1694* 1»
_

16*4- 10*4 1*44- *1M
m
_

14)4- 20)4

140 “140 130 -141
-t* i
131 -1X15 m u - i m
. M..
»
« ,... .... - ....
7744- 88*4 *7844-8144 73M- 81M
7144- WM 7 9 - 8 7

ia>

..

st - m
6# - e»M 6 4 - 5 5
s o y - or
85-01
m> - » 54
4994- ««M 60M- *844:16044- 03
lo o - a s
101 - n m i m i U 7
W M - eo*» W jr-tO lH
IM -189
m
-la s
m
-la s
9054- 9754
5194- 02
TIM- 72
U - 30
319*. 30M
27J4- 82
os - n o
04 -10244 105 -106H
25 - 42M 30 - 3644 30*4■ 3054
76-83
78 - MM 70 - 70
136 -147 m
-14 0 145 -145'
I4J4- » « 4 1194- 1744 17 - 2154
m*4~ m u m - m
r,T - *u

—

69 - 6S
»3 - m n
TOM- <Wt
tU H -l M
0844-10744
138 -140
m i 7244
S3 - 3 9 «
105 - i m t
SOM- 3 « 4
71-98
U8M-148
IBM- TOM
no - m

67 M- 02
m - lo o
U2 M - 89*4
U S -12154
10254-10054
X13854- HO
05*4- 7194
3044- S8J4
u o y -in
M M - 37*4
80-81
148 -ISO
2094- 22-W

... ~ ....
IWM-100
s o w - 0094
U 0 -12194
07 -100*4
13044-13*94
*(5244-7144
3254” 40M
1UM 118
8494- TOM
80-90
1-18 -150
1854- TOM
er, - 05

[Vol. l\in.

THE CHRONICLE.

28

I 8 9 3 —C o n t!n u e < l,
Ja n u a r y
STOCK S.

D e l a w a r e Se llu d n o n ...
D e l. D o c k , dfc W e s t e r n ..
D e n v e r Jk R io t lr n n d e ..
D en S I . Sc F i . » . ...............
P r e f . . . . ......... ............. * . . . .
D u lu t h S . S* Ac A t l ..........
K a .i T e n n . V a . S c U o . . . .
1 s t p r e f ........ ...................
E v a n s v i lle & T . H o m e ,
f l i n t Sts C e r e M a r t i .........
P r o f . . . . . ............................. .
G r e a t N o r th e r n , p re f.. .

FEBR'RY.

l a k e S h o r e ..........................
Const I s l a n d ............... . •
L o n . E v . Sc S t . L . - C o u .
L o u is v ille dk N a s h v ille .
JLonlsrv.New A lb.i& C U ic.

14 - 14
2-3%r 25%
76 - 82
127%-132
105%-118%
25 - 25%
49 - 49
71%- 77%
23%- 27

10% - 12%
21 - 25

SM- 12H

10 - 10
21%- 24% 21 - 22%
76 - 79% 75 - 7S%
126%-131 124%-129
107 -115 107 -109%
24 - 27
23 - 25
47%- 49
73 - 76% 72% - 75%
22%- 25% 21 - 24

24%- 27% 2<w- Z5«

M a n h a t t a n C o n s o l......... 153 -17-154 156 -169
9 - 11
M a n h a t t a n B e a ch C o ...
5 -1 1

12% - 28
9 - 9
21%- 23%
76%- 80%
126%-13i%
106 -110%
25 - 25
72%- 76
18%- 24

‘2 d p r e l . .. . . . . . . .. . . . . . . .
N . Y . L a c k . «fe W e s t ........
N . V . L a k e E r ie Ac W e s t .
P r e l . . ............- ..................
N . Y . & N e w E n g l a n d ...

18%- 20
16% - 19
76%~ 78
68 - 68
35 - 38% 3356- 37M
112 % - m . . . . ~ ___
23M- 2 6 « 20% - 25%
53 - 58 ! 47%- 56%
44% - 52%^ 28% - 51
256 -262%! 253%-201
_
_

7%- 9%
12 - 12

0% - 7%
11 - 13

ie% - 21
67%- 76
118%-128
100 -107
22 - 24

N o r f o lk Ac S o u th e r n —
N o r fo lk & W e s t e r n .........
P r e l ........................................
N o rth e rn P a c i f i c ..............
P r e f . . . . ................................
O h io Ac M i s s is s i p p i.........
O h io S o u t h e r n ....................
O regon R y . & N a v . C o.
D r e g , S h . L » Ac U ta h N o.
P e o r i a D e c . Ac E v a n s v ..

68%- 73% 64 - 70
___ _

9% - 9%
37 - 39%
1 6 -1 8 %
45%- 50
22 - 24%
43 - 49
74%- 84%
21%- 25
16%- 18%
7 - m
Pit 11a. & 'R e a d in g ............ 48%- 53%
P i t t s . C I n n .C h . tfc S t . L 19 - 21%
P r e f ...............................
60% - 62
P i t t s . F t . W . & C . , g u a r . 15i%~155
S p e c ia l . ...........................
P i t t .A : W . —P r f.t r .r e c t s 33 - 37%
173 -176
R ic h m o n d Ac W e s t 1*1 .
7 - 10%
T r u s t r e c e ip t s ................
_
2 d a s s e s s m e n t p a id ..
P r e f ........................................ 30 - 39
T r u s t r e c e ip t s ............
R i o G r a n d e W e s t e r n .... 2 2 - 2 2
v P r e f .. ....... . ..........
62 - 62%

i Bx-dlxldend.

AUGUST. Se p t ’ b b r . OCTOBER. NOV’BER. D ec ’ b e r .

60 - 00
8 - 9H
8156- 37M
UH- 1856
30M- 5056
21M- 25
44 - 46
74 - 78
18%- 24
16% * 18
25 - 51%
18%- 20%
55 - 62
156 -158

ie % -1 8 %
68%- 70
34%- 35
112 -113
19 - 22%
43% - 49%
21 - 34

17 - 20%
73 - 76
35 - 41
113 -113
19M- 22%
46 - 49
29 - 34%

7 -8 %
31%- 32%
15%- 17%
38 - 44
21%- 22%
43 - 43
72%- 76
18 - 20%
14 - 17
22% - 28
17% - 19
56 - 57
156 -150

9 - 10%
..

35 - 43
_

36 - 39%

...

..

* Bx rights.

10 - 10

i

-

5M

_

6 -

17
67%
35
___
20M
42
30%

1L - 12%
1S%- 21%
30 - 37%
18 - 20%
H IH -U SH
83 - 85
*99%-104%
•00%- -06
12%- 15%
57 - 65%
23 - 29%
112 -112
15%- 18%
33 - 38%
19%- 24%
202%-210

67 - 72% 55%- 67
59 - 59
8 - 8
29%- 32%
16 - 17%
38 - 44%
18%- 21
42%r 44%
71 - 74
18%- 19
13%- 14%

59 7 26%12%32 15 25 50 12%10 -

59
8M
30%
16%
39
18
42
69
15
13

22%- 30
1556- 20%
19 - 21
16 - 18%
56%- 60
49%- 50
151%-15S% 149 -154

B'A- 10M

256-

8H

37 - 38H 18 - 27H

16 - 22
21 - 21 . . . 60 - 61% 59%- 61% 60 - 60

Low.High
127%-136%
157%-168%
9 -1 1
30% - 34%
6 - 6%
5% - 6%
13 - 13
....

100 -107

3 - 5 H
848 -260
89 - 94%
6% - 8
22% - 30%
10 - 10

18 - 28%
9M- 11M
M M - 19
18M- 23M
10 - 14
136 -139%
55 - 60
96%-102

11 52 20 99% 7M- 17H 10 15 - 34
21%16%- 23% 17 14M
59
25%
....

9 -1 3
11 - i m

13%
55%
23%
99%
15
29%
23%

%-

53 - 57
50 - 50
8M- 7
2 0 -2 8
*12%- 14
31%- 36%
14%- 15

52 - 55
39 - 42
6M IGH7 18M11 -

754
20H
12H
SIM
14

57 - 57% 39% - 60
12 - 12
10% - 11%
8% - 12
4 -1 0
4. - 4%
12%- 18% 1 2 - 1 5
14 - 15
15%- 15%
50 - 56
40 - 50%
145 -151% 144 -144
135 -135
33 - 37% 30 - 37%
165 -165 151 /“-151
% - 3%
%- 2«
m - sh

9% - 13
_

27 - 31% 28 - 34%

f let assessment paid.

_
96%-102%

34 - 39
_

8% - 13H
_
25 - 37%
, _

l l H - 13H

11 - 12%
17 - 21%
21% - 28%
13 - MM
140%-146
60% - 61
100%-104%

10% - 13%
18%- 23%
20H - 29%
13 - 16
145%-150
58%- 60
100 -104
_

12%- 14%
22%- 26%
■23M- 27H
MM - 17%
150 -154%
65 - 75
101 -103%
_

13 - 14%
22%- 27%
20H - 27%
15%- 22%
149 -154%
70 - 70
x97% 103%
—

12M- MM
57 - 60
23 - 25
106%-106%
12M- 18H
26% - 34
20 - 30
188 -200

13 - 18
55 - 68
24 - 34
107 -107
13%- 16
29 - 32
26% - 36%
191 -197%

16M- 18
65% - 69
29 - 33
108%-110
13% - 15%
28% - 32
25% - 35
197 -198

13 - 16%
6 8 -6 8
28 - 32%
111 -111%
13%- 16
31% - 33%
9% - 31%
196 -198

5 -5 %
7 - 10%
16%- 17% 14%- 17%
_

%

9M- 12M
15%- 18% 13H - 1 7 «

31 - 4 2 %

41 - 4923
40%- 46% 1 1 4 - 49M
50 - 50
_
6 - 6
0 - an
19 - 22H 2 3 « - 21M 20 - 22
19M- 21M 19 - 22%
4 - 7
m - 9
8Hr 9M 6% - 8
6M- 7%
15M- 24M ISM- 2oH 18%- 25% 20H - 23M 18% - 24%
U H - 15
17M- 19

32 - 43
4 2 -1 6
25H - 40
7 - 9
8M- 11
6M- 9
e% - 8
7 - 8H
7M- 9
3 -4 %
o — 5
12%- 18% 14% - 21% 15%- 23%
H % - 13% 1?% - 16% 14%- 16%
41%- 43
45 - 51
48%- 53
141 -145 147 -147

25 - 30% 25 - 32
6 -6 %
m - sm
6% - 8%
4M- 7
17 - 21%
19% - 23
16 - 16% 10 - 15
51 - 55% 40% - 49
149%-151

25 - 29
150 -160
m 1 -

28 - 30% 28 - 33% 30 - 33% 27 - 32
100 -160 170 -175
.... - ....
1 - 1
ih
ti - m
+h - m
2M S - 4M
s . 3% SM- 3M

16M- 18H
17 - 1SH 12 - 18M 10 - 12%
59%- 59%

_
- ..
125- 133% 120%-129%
4% - 4%
3 - 3

6 - 6
90 -102% 99%-103%

5 -5 %
8 -1 2
8 - 12%
9 - 12%
12%- 14% 14 - 15% 14% - 18%

S - 13%

46M- 51M 39%- 53%

.... - ....
10M- 16H
10% - 11%
8M- 11
9 4 - 114
3S - 45
38% - 43% 34 - 42%
5
5
SM
2 « - SM 2H - 2k.

_

8 - 10%
13%- 20
16%- 34%
e% - i s
140 -142%
79 - 80%
92 -102
9M45 18 ___ -

43%- 53

116%-134% 122%-135
4 - 4
m - i

119%-133% 100 -125% 105 -119
3 - 5
4 - 4
4 - 5

30 - 32% 29 - 31% 18 - 25

15 67 30 ___ 175636%23%-

5 -7 %
12 - 12

240 -210
210 -210
2% - 2%
2% - 2%
91% - 94%
01 - 94% 91 - 98
89 - 94
88 - S8
83%- 88%
7 - 7%
6 - 8
7% - 8%
5H - 6H
24 - 29
20 - 28
1S%- 22
mm- im
9
9
10
- 11
10 - 10
.... - —
5% - 5%
.. - . . . . 12 - 12
12M- 12M
_
_

7&r 9% 7H - 8
79%- 86% 87% - 92
80 - 91
94 - 98
96 -103
11%- 11%
9% - 10%
6 -1 1
9% - 13%
10 - 12% 10 - 12%

11%- 13%
19%- 24
34 - 46%
16 - 25%
145 -149%
86 - 88
98 -106%

6 -7 %

12M- 15^ 13 - 16%
65 - 72

9H- 13
... _

.... -

6% - 7%
15 - 16

5 - 7

7%

19M- 20M

105 -105
1S856-172M 144 -170% 115 -145
7 - 8
5 - 5
8 - 8%

33% - 36% 32%- 39% 35% - 42% 29 - 35%

....

5 -

64%- 72% 61%- 68% 47% - 66% 52 - 58% 49 - 58%
8% - 16
9 - 12% 13 - 16
14%- 19
14 - 20
9 -1 5
10 - 13% 14 - 17%
14%- 18
_
_
_
_
_

16 - 20
lOVC- IBM
5 -1 5
14%- 19
2 6 -3 8
P r e l ...................... . . .
10%- 15
12 - 14%
SOM- 34M 22M- 30X 17 - 25
N . Y . O n ta r io Ac W e s t ... 18 - 19% 1756- 19
16M- 1751 16%- 18% 11%- 16% 13%- 15%
N . Y . P a . Ac O h io ........ .
%%
56M
%~
%
56U
P r e f ............................ . ••••
1 - 1
H- 2
1 4 - 1H
1 - 1H
Vd%
H%
N . Y . S u sq . Ac W e s t . —
17%- 21% 15M- 2056 IBM- 19M 18 - 19H 1 3 « - 16M 12 - 14%
P r e l ............................ ...........

Jt o y .

.... - ....
. . . - ..
16%- 18% 14%- 17%
10 - 18% 12% - 16% 13%- 15% 15 - 18% 15 - 19
61%69
66
71
67
70
67 - 70
69 - 71% 53 - 70% 55 - 64
xll9% -125 104 -121 109 -119 117%-123% 119%-129% 12G%-130% x l l 9 % - 129
99 -102%
92% - 97% 96%- 99
90 - 96
90 - 95
94 -100% 90 - 99
9% - 10
10 - 10
16 - 16
9 -1 6
21%- 22
_

21% - 21%
100 -100

11 - 11
10%- 11%
9% - 10% 10% - 10%
M ic h ig a n C e n t r a l ............ 104 -10(5% 104%-106% 103%-105 105 -108%
M in n e a p . Ac S t . L o u i s ... 17 - 19M 16M- 18M 14 - 17% 15 - 15%
13%- 16
47 - 49
45 - 45
44M- 185s 43 - 43
45%- 45%
39%39%
19M1951
M in n . S t , P . <fc S . S . M -.
M o . K a n s a s Sc T e x a s ... 1S%- 16
ISM- U H 13%- 14% 13 - 14M
25 - 28% 235122% - 25
21 - 27H
55%- 60
5i'4~ 66% 48 - 56% •ioH- 54
33
37
24
- 33%
30 - 33%
31M- 36%
151%-155 153%-154% 150 -163 148%-152%
N a g h v . C h a t t , Ac S t . L . . . 83 - 88
88 - 90
88 - 8 9 » 8 5 - 8 8
N . Y . C e n t. & H u d . R i v . 108%-111% lOS^-llOM 103%-109% 105 -109%
_
_
N . Y . C h ic . tfcS t. L o u i s .

JUNE.

248 -250
3 - 3
4 - 4
4 - 4
G%~ 7%
97%-102 100%-103% 92 -100% 87% - 93% 86 - 92%
86 - 86
5 -6 %
6 -0 %
8 -8 %
6%- 8
m - 9%
18%- 21% 12 - 19%
31%- 31% 19 - 28
28 - 30
ii - u
13 - 13% 10 - 11

N e w s t o c k .........................
L o u ls v . S t. I .. & T e x a s

MAY.

Low . High |Low. H igh jLow . High Low. High Low.Hiah
Low.Hlgh Low.Hlgh Low. High Low. High Low. High Low. High
102%-121 1107%-115 111%-121% 119 -131% 128%-138%
124 -137% 125 -130% 126%-133 120 -127 119 -123%
m % -i 3 9
127 -147 % 1 3 0 % -H l |135%-150 146%-171% 165%-175
H8%-1&6% 142%-155% 137%-147% 140%-148% I3151-112J4 137}4-149%
9% - 10% 10%- 10%
8% - 10%j s % - io % ! 9% - 11%
1 3 « - 1556 10%- 14%
15 - 16% 16 - 17
16%- 18% 10%- 18
87H - 32%
35 - 49% 21 - 38% j 27 - 30%: 27% - 31% 28 - 31
62%- 67% m i - 5«% 51 - 55% 53 - 56% « M - 5356
0 - 0
6 - 7
& - i'A
6 - 6
8 - »M 7H - 8M S - 8M 6 - 6H
8K-- »?t
26 - 26
6 - 6
7 - 7'A
5 - 5%
7H- 8
7 - 9
5% - 9
U % - 14% 12 - 13% 10 - 12% 10%- 10%
15 - 16
17M- 19M 1 6 4 - 17
15% - 21% 16 - 19% 11 - 14
25 - 25
2 8 -3 0
24 - 28
29 - 32
MM
MM
%%
%%
HM
3 - 4
H- 3M
HH
3% - 5
351- i'A
5%
5H - 8
23 - 22
10 - IS
. ..
26%- 33% . . . . S2H- 33
2M- 2M
2 - 3
0 - 9
1 - B'A 2J4- i
9 - 1151 9 - 9%
6 - 10%
75 - t>3% 70 - 85
63 - 90
80 - 95
70 -135
115 -152 144 -161 148 -151% 143%-li9 131 -141% 134 -137
14
- 18% 15 - 16%
14
15
lo
%
15%
17 - 21% 16 - 19%
18 - 18% 15-%- 18
2 0 -2 3
55 - 55
45 - 45
59% - 59%
77%- 77%
100 -105 101 -114 106 -110 107%-109
132%-137% 140 -142% 135% -lilM 133%-140 115 -135 106 -117 100 -110
3 - 5
....
.. - . . . .

K i l l i n ' ................................
« r . B ay W i n . & S t . I * . T r u s t r e c e ip t s ................. 13M- I4*f H % - 13%
P ro *. tr u s t re ce ip t^ . . • 2 7 « - 21% 22 - 22
200 -260 259 -259
H o u sto n A: T e x a s C ent.
5 « - CM 0 * - 7
06M-103W
I lli n o is C e n t r a l ................. 80 -101
91 - 91
L e a s e d lin e , 4 p. c ........ 8 8 - 8 8
8 - 10
8»- n
I o w a C e n t r a l....................
80 - 33
2»M- 37
K a n a w h a «.V M ic h ig a n . 13M- H H 14 - 14%
K c o k . i k D o s S l o l u e s ....
K in g s t o n & P e m b r o k e
C a k e E r ie & W e s t e r n ...

MARCH. 1 APRIL.

.

13 - 18% 15 - 17% 15 - 16
10 - 15% 15 - 20
40 - 40

13%- 16
15 - 16%

THE CHRONICLE.

JiXtTARY 6, 1884.1

29

1 § » 3 —C o n t in u e d .
STOCKS.

pdtXTJAKY FSBS’flY . Mar c h .

A pr il .

MAY.

J its*.

J[*LV.

A ugust. Sept ' ber OcrroBKR X o r ’BER. DECBER,

fLow.High Loir.Big! Low.High Low.Higfc fatw.Hlgb |Low.High Low.High Low. High Low. High Low. High Low. HIgh Low. High

R om e W o t. 4k O aden.b rm - u » * u i i n k uom - u i b u o K -m 107J4-110 1O5H-H0
_
»
974- Bik .... - ...
8J»- m-m.... - ...
iit* J o s . <dk O r. I*lautl~
i $t. Lottl# A llo a tk. T* II : 35 - 35 . ... - ... . SI - 33 ■3S - 82
30 - 37H

100 -107J4 98^-101
_
32M- 32M 2 0 - 2 7
150 -150

104 -105 105 -108 L0?^-111 10SJ61U
_
ii
- .... 25 - 25
SSM- 22M
22 - 27M
H5 -145 U5M-145M
9 5 -9 5
4 - S?4 m - am 5 - AM
1 ' '*M
8 - i«. 7 « - MB o - 10k 8 - 1 0
24B- 27B 2AM- 28h 24M- 90% 27 - as
92 - 93^ 100 -100
90 - 95
88 - 90
i02 -1O0 10254 100 105 AMH 105 -107
_
2*:>4 -204
*•**
•***

i
—
ISO -1S044 .... - ...
_
_
*
4 - 5
i ll- 1% « « - ~H 4 - 1
«M- 7* &B- 7 ; s - oh m - m
IS - IS ISSd- H I. 1C, U«t IS - lit, 10 . I2Js SB- MSN 0 - 1W6 7 - 0
P r e le r r e d .................
:
27
S44
22 - 20
S«. P aul dL D u lu th ....... 41M- lit, t-’ H- trt, « b - is
11 - tiB 38 - io n 30 - S»
lOtfk-iOfi itHSr-lOd 104 -100 im -105 100 -103 ,100 -10S3* 101 -101 'DO - 97
P ref.
, ...................
■i l l -list* list*'lira, lUH-tlAk u s -1UB HO AM 105 -110 ■95
Ht. P aul *IIdb .
9SM-102
_
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1.... *
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S ou•it C a ?«Hum . «,
Senthero* P acific C o ...... 33M- » 4 s i - S3H 31 - SS i « M - 33
17%,- IBM'■ISM- 10% 19 2SM- SOB S»M- !aw 17B- S7S» is - mn 17M- 21
e -1 0
SK7B- 0* 7 - 8H 0.H- 7H «B - «M 5 - KM OB- 7M <84- 0
TM- 8M <m- oh
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8 - 9 . ... - ...
8 -9
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im - w h is - is», U*s u *. 9 - UK
T ex an Ac P a c. Hand T r
!) - 10B SB- 10
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M2M-M3 HO -15?«-} 153 -100 Ml -185
T h ir d A vi*nne(H orne)-.
37*4- MU S? - «>H 30*- ail* i«B - io
7 - 10M 7H- MH 7 - m
7B- I2'i 8 - I lk 7 - 1 0
f « l . A . A . & No. M ich
7.B- 16
m- m
40
40
4«
m
27 - 32
.:*> - m
44 ~ « '.,ee. - ...
40 - 43 » M - ts
31 - H5 3 8 - 4 0
T o l.J fc O h io C entral
22M- 23
40 - 40
- ... -75 -7 7 ^ 73 - 74 10 - 73 . , . , - .... 0 7 - 6 7
70 - 70
74 - 74
Fret ............ ................... * 79 - SS ooo. ~ « . 7S -/7S
75 - 7®
3 - 14
- .... I*.,* - .... S - s .... - .... .... - ....
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T o !, tit. I m 4k K n n .C itl U - 17
.
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2? - 31 W - “ *•t'nloi) P a c ific .............. : SB - C3k M S- i l k U - K k 3IB- SSI. a s « - *
« H * ‘ K U B - z«H »*M -« . « i»k *
17 - S«M M% -*s4
1»M- 21
Cat on l*ac. P en . & -Halt 1«M MM !* - M* 13 k- lit* 11 - I*M *Me l»
7 - l‘JH 8 - #M 5 - 7
C - 8k AM- 7
»M- AM 4k- 7k
D oited ( o n p a ' s , S . J .
:*.*'*- * »►»
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140 -143
Vtlcm A B la ck f i l l e r
W a b a .ii .......... ............... i i - is
7B' SB .SB- s
n s is* to - III* »H i i * 8 - » .
AM- 5M ON- 8k (l%- 0
7M- »H OM- 8
F r e t ....___ , __________ _ sB t- s « s nm- M‘ . sOft- W i so - & h im - i m UH ITH lo - i m u h - m i 14 - 17H U - 17B 16 - 17k
ISM- 17,4
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W h e e l In# A 1#, E rie .... IB*- S3* 1 » , KH, 14 - ISM im - »" h n«M-17
10 - MB 12 - 14?, 12B- 10% UH- ISM 19M- ISM
F r e t , . . . . . . . . . . am- stu 4i . « k s i - « s AS iSB- 57
<4H- AIM -11 - 50J4 m t- tit, 4144- 48 42M- ASM St - ASM 47 - 545,
7
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A m erican . ..................... i i f ~ m a f t c i t o t t m - m m -IJ-K U.IB-UTH m a is v » A tm 100 -108 look-MO UO A17 m A17H i l l -117 ’
40 - 41
m - m m ’ u h 3* - fit At - W
finite*! stnten.............. .
43 - m 50 - 55 60 - 56 •n - AIM 4®M- At
iXS- IPS 4 0 - 1 3
144 -Uh U# -147 m u .14© m Am 180 -130 125 -135 120 -120 128 -ISS
W eila, Ea tifo & C o ...... 140 -14h^ l4« -I*» %m4*u» 140

Ht* L o u K >nu finer *»....
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m - «i
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OTH-Jwa Pel -IDO too -100 04 - 8S 7$ - n
...
**. f A w r o tis .
s
m - 44 as • as 24 - r«A» » - *JM 3* - SO 7BM- 39k •29 -385C M k- SI
A m o r. C o tto n O il Co .
m tr iTH m - M « - SI* 4tMr
P r e f ..
94 - 72
tt » - k# 70 - S3H 7» - m u m - 7*m 68 - TIM » - c« m « B '0 S
BO - 7?M TO - 7714s ou - cub
A user. 0 U t. Tete*rn.t*h «5 * - « i f « > .w-f SB - Sd§4 4*M MM 53 * 40 50 - W
m - m
» - 45
m - u
U -4AM 40 - 40
l o i r . H o i Kola C o... CIM IAOH IllH IHH tDSH ism* MM-107H « - » H r m - «
mi* « B 04M- W
83 - SUM A6M-1D6B so - im m *T8M- HJ?4
P r e l................................ «9t» lO»H tfiipUM m -is®
W 'i « M «S1M- K-M
« B - ssb S8 - » M ! * m - 9o »6 -« 4
«e -M»B «** - MB 77 *
m - tn, is - m MM- 7ftM 77 - 83 m - 9 o
A m o r .T e l. A C a b le Co. W • « t * ' « » - » * * OOKe. SO at * m
HIM- 68
m - 89
» -w
- 78 ASM* 67
A m erica n T o b a c c o Co n » -i2 i ixm *m % » -« « H WM-iin
m - m
*0 - 7»M m - to
T7M- BO 7S‘M *SN 08 - *tk
P r o f ...........................
-as
■
m
aoo
«K -* «a l« t “t o m « B - m b
7A - 81 00 - OBi
* 9f
B7M- BUM' ao - m>M
usH -nobi
lt r o o .f fl.-h Co
7 - TM * - m l
4 - 1 j 4 - 4 .... - .... AM- AM
»H- SB o x r*e. » tee. a
- »„,J
- «*,,! .... * ...
C e m . 4k t o . A m . T rP * b n a -n s n o -w*H ,M. - , efc. *.e, * »*..
59 - K-.H m t - Tin. 39 - 70B, 40 - 55 I
Chlcmnn C an
,* . m ¥ MM M B '
u h ACM 'IBM ASM- <w
sBk - m t
- » t v 31* a ;* ta
-.-e
»
,.fe « *oT,
IJIrtdcitd .c r ip ..... ..
ee «*.*,.{
« ,e..| , - ...,'PIO P30 1*10 A*Z> I Tfi -1*80 t«0 -140
.**e - »,A,
m - si **** *
C h ica g o J a uction K 'j *01 -Iffli 9©I#-10S MM* HIS tot -tot
*,,» 91
m
m
s».i
93 - 85
............ |
Chi©. Jam*, H r.* *»r#f ,
* « - e. ».**.*, * f.
»f, »
- a,.,| - ... * .44#(*.k. “ ....
.... *
-• *
l l r t t n r f t in ., R k’ lro . 103 - m >1» -im 100 -10014 IWB-IOOH *-■* - *#*!t«SB*l«H
.... - ... J ... - ....
M - AA
.... - ....
..... — ___
...... - ....
.... - .... ere.. - ..... 9.*. * A,.. l
C laflta i l l . IL Co.
i i« . m s ist - m
9 .,4* P ref. . . . .... ...... ,,* 4,... 101 -MB .... u4i - .... ..... *
,.,r «•
fk
,.4. - ... .... .... - ....
»
(tlJi....
.
.
.
j
...
..J
.... « ....
C om m e rcia l C able
-«
.
*
*
*
■
t,,,. m -im IM -18S *#»,. - ...
ConoolldafeO lia o ...... VUI-Hi IZ5H-IMS iso -132 I » B in i* » «
- i » ;u s -vet mM-UUM 120 -137 l«B -tSSB 1*» -col
I ll.t llP * A; C at. F. Co
m *. <m* m - n s 30 - »7B « B - MM is »w m C-M M g i f - m\4 M - 23B 1KM- 27 a*N- sab 3AM- MB MM- »>M
E fil.on K lee. 1’ to ie . Co UtM-IMB 122 -131 im istr m Am inu -ISOM UH -MKB m *pet i 7IB- m j «7 - MB SW -103 ! BA - t«,
BOM- i*»M
„
, . * .....
W I m h d e c . I f . , R 'k lr a
101 -101
.
KfiaitaM e ( . a t C o .
I® ~1«3 j
*«® - 1 »
eoo - ... too ~im
C leaeral l l e d r l t C o.... w m -m u
m -m % B7 -I'wt* m ■ »7B « m - tab 30 - 72M as - $iW 37M- 4S*B 40B-A2
saw- *«K' s in - »»M
. . am
.
_
m
m ■1
m -m
. . . * . . . J ... ... - a *.!
***., *
. m Am
... - ....
< I»W A > lo ck T c l eoh .
....
—
.... «0 ,..J .... m - 67 4-1 - 53 41 - 41 40 - 4« I
In te r io r C ond. A fa n
ii. - 03
S2M- STCM
6 0 -7 1
0 1 -6 0
-. „ , j ... "» ....
Illto o U S teel
- ... ... * *»*,!
m - m
... - ...J ... - .... i
.d . .... .... m
4M- 7
I i - 18
L a cled e Gam. HI. I.o o U M B- »
so - t m
M B ' MM aOM* 2i h I » « - 21H HM- 1»
m - i m 13 - 1SN ISM- WNi i«M- to i IS - MM
57
02
P re f
60 -S8MI 06 - 71« 68K- 6BM
n - 74 n - 74i4 «s> - w * m - 7i
« * « - m i ! m - m I IS - 55 ; 5 5 - 6 2
-* ... .... - .... .... *
.... - .... „ M - .... .... - . . . J •et - »...] 10 - to
* ...
* ....
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§7 - n
• a.
M le h .'P e n ln . C a r , (:©
PWC-102S' w s -io o
fmH-tw
MM- MM
m - so .... - .... m - m
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- .... saw- 8BM 4BM- « ,
_
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■
.
—
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m
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1354*41234 134 -147
_
affu* A4i*i svu* m
m - 57
»B - 17B 7*4~ 11
_
|.
10 - 15
f
1*«
paid.
7 - UM
SOM-Id a«*e**tn«ttf paid
18M- 26M l« k - 20M
13 « 23M SIMP ref
.................... ,
U 0«-nSH 10® *17 m u m
48 m -hob 39 -101 4 0 - S t
_
I#t »ot*e*a*went paid
VS - S3
- na
*-2d
paid
46 - 0644 49 - UH 4 2 - 4 8
Wat. L in «*ed Oil Co
m - n
mi*~ m **B STM 30 - 87 sti £ u
l»H- 22M 1*M- 21M m m - 1»M iOM- IBM I 7 « - IB 17 - SOB ZOM- 39
I K« airi4«n.-|.

[V ol . LV IU .

THE CHRONICLE.

30

I § 9 3 —C o n c l u d e d .
JANUARY PXBR'RY.I MARCH.
STOCK S*

A rOUST. S e p t ’ be r

JULY.

JtrxE.

Ma y .

APRIL.

OCTOBER No v ’ b k r . D ec’ iieh .

Low. High'Low.High Low.High Low. High Low. High Low.H igh Low. High Low.High Low. High LOW.High Low. High Low. High
44k* 62k
02fe- 90 j
25Hr 3446,
102 -103k'
9flk-103fe,

N a t io n a l L e a d C o ............
N a t. S t a r c h ftlfg . C o ....

N . V . A Texn*» L a n d .
N o rth A m e r ic a n C o ----O regon lin p ro v ein ’ t Co

38*4- 60
88 - 95
2 0 ^ - 27
89^-101
82 - 93k

35 - 42k
78k - 9 lk
20k* 24k
82 - 90

8fe10 - life
9 - Ilk
19k- 1 9 « 18 - 2 lk 19k 26 - 27k 23 - 26fe 22k 14k 62k - 54
64M- «4fei 01k -

P h i la . C o.» N a t. G n s ..
P ip e L i n e O r i l flea tee.

36k 79k 10k
93 85 97 9 -

44k
87fe
28
93
88k
97
Ilk

20
67
12
80

18k - 31
- 37H 27 - 33
- 81
6 5 k - 72k •18 - 09
0 - 9
- 17
7 k - 10fe
00 - 00
-8 7
23 - 31
2 5 -0 2

8 - 10k
Ilk
19k
25k 20 - 25fe 17k - 23k
15
68k 60% - 70% 55k - 67

7H - »W
10 - 10
17% - 20%
5 « * %

P u llm a n P a la c e C a r ...
R i g h t * ....... ......................
R . 1. P e r k in * Ilorsetth.. 109 -109 |109fe-110
83 - 84k| 83%- 84k S2%- 83% 82% - 83% 84 - 84k 02 - 83k
S i l v e r B u l'lo n C e r t s ...
43fe- 44
50 - 50
54*.- 56k
S o u t h e r n C o tto n O i l ...
42k - 40k! 43 - 46k 42 - 58k 51k - 60k 33 - 67fe 3 4 k - 45
U . S . R u b b e r C o ...........
69 - 91
93 - 99 X90 - 99
70 - 81k
94J4- 90 | 92k - 97
94fe-101

| 94 k - 98k

92%- 96% 88fe- 96k
08 - 68

80)4- 88%

75 - 75

_

_

5 - 6
9fe- 12
I l k - 17

5 - ok
9 - life
14 - 19fe

23 - 25

8H

8% - 18%
55%- 68%

2M- 6%
8 -1 0
9% - 11%

57%- 61% 67%- 68% C8 - 1 2 k

170 -180 164 -174fe 133 -103k 132 -165
13k - 16fe

190k-199*fe| 192k-198k 100k-197fe 197k-206

W e s t e r n Union T e l ........
W e n t ln g h . E le c ., 1 » ' pt"
A M N itP il...........................

4% -

24%- 32% 25k - 29k
67%- 74% 70 - 80k
8 - Ilk
8 - 11%

21%- 29%
63 - 69%
6 - 8 %

155 -173k 166 -177

22k03 10k49 40 -

28k
78
12
49
55

21 - 26
63 - 71
6 - 0k

m - 5%
11 - 13%
16%- 19

3k- 5
12 - 10
13 - 1 0k

72 - 75k 7 6 k - 7 9 k
47fe- 47fe
170k-175fe 162 -175

69 - 75%

72%- 78% 73 - 75k

7 3 k - 74

70%- 70%

25 - as
0 5 -7 7

17 - 29
5 1 -6 8

29 - 35
75 - 77

29^j- 45
75 - 89k

79%- 84% 0 7 k - 83

72%- 81

78 - 84k

8 0 k - 93%

38 - 44fe 3 9 k - m i
84 - 90fe.
8 3 k - 89
6 - 6k
85% - 91% 81 - 9 2k

2 0 k - 20k

40k - 40k . .. . -

. ..

- .... ....

- .... .... -

. .. .

....

x Ea-dlvideud.

Clearings for relegrapli.—Stuck Exchange Clearing'
— Shares, both sides.—.
Cleared. Total Value.
House Transactions.—The subj fined statetnent covers the
$
clearings for the current week, usually given on the first page Dec. 25.
26. .1,400,100 06.709,000
of the Chronicle, but which on account of the length of the
“ 27. .1,05 4,100 49,200,000
2 1 ..1,3 >3.400 59.500,000
other tables is crowded out once a month. The figures are
“ 29 1,079,900 52.900,000
received by telegraph from the leading cities. It will be
Cot. wfe. .4.877,500 223,300,000
observed that as compared with the corresponding week of
Wklastyr3,137,200 194,500,000
1893 there is a lo-»s in the aggregate of 25’4 per cent. New Jan. 1.
“
2. .1,198,400 52,900,000
York exhibits a decrease of 29’3 per cent, Boston 4 5 per cent,
3 .1,037,001 53 000,000
Philadelphia 24‘2 per cent, Chicago 21'3 per cent, New Orleans
4. . 977,9 )0 53.200.000
“
5. .1,13),000 60,700,000
28-2 per cent, St. Louis 11'5 per cent and Baltimore records
Fot. wk. .4,348,20 >225,800,000
an increase of 1 8 per cent.

-------Balances one side.--------. Sheets
Shares. Value Shares. Gash.Olear’d.
$

HOLIDAY..................
115,400 4,890,000
90,100 3,30o,000
95,300 3.700,000
87,100 3,400.000

W eek Ending J an u ary 0.
1894.

18: 3

P er Cent.

$446,939,793
95.787 657
57,602,014
13,307,432
75,665,917
20,205,177
9,962,386

$631 807,014
100.277.834
75,991,381
13,039.096
90.025.333
2 >,842.523
13,449,500

-2 9 3
- 45
-2 4 -2
+ 1-8
-2 1 * 3
—11-5
- 2 8 ’2

Seven cities, 5 d a y s ........

$719,360,376
134,620,261

$933,402,d34
171.022.411

-2 4 * 6
—21*3

Total all cit'es, 6 d a ys...

$853,880,637
166,034,817

$1,124,485,095
211,457,702

-2 4 1
-3 1 * 7

$1,018,915,454

$1,305,942,797

-2 5 * 4

Bt. L ouis....................................

Total all cities for week .

Another table, cur usual monthly detailed statement of
transactions on the various New York Exchanges, has also been
crowded off of the first page. The results for the twelve months
of the current year are, however, given below and for purposes
of comparison the figures for the year 1892 are also printe d.
Twelve Months, 1893.
D escription.

P a r Vmu<
or i/ueintily

Stock | Hi,'*
RR. bonds..
Gov’t bonds
Btate bonds.
Bank stocks

8C.977.839
t7.S^.*4.<205 j 4550260910 00*3
$351 $5.. 450 $261,029,820 74*2
|2.113. 50
$2,373,335 llo*7
#11.792.800
$2,281.415 00*2
$e» 1.0AO
$1,301,0*8 154*2

A ctual
Value.

Twelve Months, 1892.

Aver'ge P a r Value
P rice. or Quantity.

j

A ctual
Value.

A v er t
Price

85,875,092
$7,670.128977 j 4871014202 635
$38 ,85'.41)0 $3 75.683.2S 1 774
$1,7 i9,100
$L,d9 1,985 1152
$4,793,9 >0
$2,208,257 401
$90.',9-0
$1,123,193 157 4

T o ta l. . . $790i*0i 4315 $1.817210510 00*9
$8,163.413419 |5 2753209:8 04*4
8.4' H.OO0 $5,299,876 00c.
Pet Tm.bbls
20.730.0ro 111,577,187 55fec.
Cotton..bis.
40.915.HOO $1.97.4873725 M*2*< 7
43.459.500 $ 1,7448)0510 $10 33
Grain, bush. l,SA2,60d‘ 4o $949,717,83'
70fec. 1,585,151,305 $1.*270272282 801-lOc
Total value
If7,74013091(
f8,2;0O0OJ85

The transactions of the Stock Exchange Clearing-House
from December 25 down to and including Friday, January
5, also the aggregates for June to December, inclusive, iu
1893 and 1892 are given in tabular form below.
STOCK KACHASOK CLEARING HOUSE TRANSACTIONS.

Monlh.-

-— Shares, both sides.
C leared.
Total Value,

Jone,1892.
July, 1892.
Aug., lsiiv.
Be p i . 1802.
Oct., lb,.2.
N ot .,
Dec., is.,2.

ld.rtM

9,1507

X) 1,041,048,200
090.313,200
» ; 7.583.000
1,208.000.000
1.,'.58.733.000
1,1X3.80*4,000
1,7. f ,000,000

18.99b.4fcK)
----------18.K7J ..■KM)
2o 7 20.;«U»
10.M9.vofl
2- ,2 1,100

7 m o § .... ls J I.H H jb o

b ’. - l o ’ i7 ;| 4 0 0

June. 1*93. 1 7 ,1 0 . . . . l.ni«,9*>0.000
July, 1893. 10.08^,100 1,100.000.**uo
AUu'.. IH'.t.S. 1 7,m )0,40 0
0 0 1 ,3 0 0 ,0 X)
Sept., lbU3. 10.0 O
..Mn) 030.4Oo.OOO
Oct., lb.Li. 10.OO4.7OO 1 .1 7 ^ .4 0 0 ,0 0 0
N ot ., IbuS. 10.biu.iu*
8 82 .8 3 0 , *00
Dec., 1803. 18.730,0**0 1.034,100,1)00
7 m os... Ildb,.li4.bj0 7 ,3 3 3 .0 3 0 ,4 0 0

- B a la n c e s , o n e s id e .------ „ Sheets
S h a r es . V a lu e S n a res, O x sh . C le a r 'd .
$
■15
1.598,750
01.600,700
5,885
1.120,100 74,180,100 1,433.971
074,700
5,888
1,057,400 107.380.000 l.SOL.oOO
0,1«3
2.055.800
128,003.500 1,097,500
0,2o2
2.32A.800 148.022.000 1.701.400
6,832
1,831.600
128.975.000 1,417,800
5.790
2,087,M)O 192,50i),o00 2,317,100
0,003
13.27d.05O 87l.0Ou.2OO 10.001.377 42,407
1.082,000
00.200,000 1,78),800
0,305
1,70*',300
83.100.000 ..............
2,762.500
6,015
1.470,200
73.900.000 2.329.200
6,882
1.380.000
72.100.000 1.083.000
6.956
1,783,500
00.6OO.OoO 2,043. iOO
0.081
1.018 100
0*.5.->8.Ut)0 2,240,100 b.304
1.551.000
74.80 * **00 .031,000
0,201
ll.3 ll.7 0 0
591.058.000 15.181,101) 44.438

173.500
142,800
134,200
115,400

328
321
322
315

387,900 15,200.000 569.900 1,286
337,300 22,400,000 2S6.100 1,170
HOLIDAY...................
103. L00 3,700,0 .J IA *.100
333
9 1,900 4, L i-r.000 L32.700
315
73,400 3 2 >0.000 12 1.200
315
73,000 3,800,009 105,500
318

Wk-lastyr3.8l0,700 253,800,000
Cura r in g s .
R eturns by Telegraph.

$

341,400 14,800,000 518,500 1,281
393,900 28,000,000 385, LOO 1,252

The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com­
mon, Chicago & Northwestern, common, Chicago Rock Island
& Pacific, Delaware Lackawanna & Western, Distilling &
Cattle Feeding, General Electric, L ike Shore & Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New York & New England, New
York Lake Erie & Western, Northern Pacific preferred,
National Lead common, PhiladelDhia & Beading, Union Pa cific and Western Union.
DEBT

STA TEM EJT

D E C E M B E R 30,

189S.

The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business December 30, 1803.
INTER EST-BE AR IN G
Title o f Loan.

Int'r'i
Pay'lt

A m oun t
Issued.

DEBT.
A m o u n t Outstanding.

Registered J Coupon.
4kB. F’n’d Loan. L891
Continued at 3 p. 0. Q .-M .
4s. E’ded Loan.. 1907 g.-j.
4s, Ref’d’g Certitlo’s. g .-j.
Aggregate excl’d’*
R’d* to Pan. RK.
liJUiST

$250,000,000 {25,30 4,5001
..
.
740,872.050 489,003.700 $70,007,000
40,012,75(.
............ I
...........

Total.
$25,364,600
559,010,700
04,110

1,030,881.800

OSS WfctlUtl IN TER EST

W .0 39.310
H A S UEAoEl* ra.m ,* M A T U R IT Y ,

0 f a891- mature2 S ’ Ptetnber 2 ,1891.. ^ Z T a a 'J w
Old debt initured at various dates prior to Jauuary 1. 1801, aud other Items ot- debt niuured at
various dates subsequent to January 1 ,1831........ 1,333.3*0 26
A rgregate of debt on which Interest has ceased
s noe maturity................................................................... $1,939,380 26

B*“ « ? $ > V o b
1,316,430 26
$1,913,530 26-

DEBT BEARING NO INTEREST
Legal-tender notes...............................................
aai m « n n
Old demand notes ...................................
...................... ...........$340,681,010 00
NatlOQalBtnknor.es:
...................................... .........
55,047 50
Redemption account..................................
*>q mu ana n n
...................... «,-•
17* Wi 33,015’908 7 5
Fractional curreuoy ........................
Less amount estimated as lost or destroyed.-. ’.’. '. . . . s ' i 7 >\m o ,
— 1
:----------6,900,504 62
Aggresate o f debt bearing no interest......... ............................... $375 053 ^75 37
0B RT19IC A l ES AN D NOTES ISSUED ON DEPOSITS O**1 COIN A N D
L B G A L -T E V D E R NOTES AN D PU RCH ASES OP SI jVER B U L LIO N , i
------------------------------- j----------------------------------- —
Classification o f Certificates and N otes.
Gold certiticates....................................................
Silver certith a ’ es.................................................
Currency certiticates..........................................
I'reasury notes o f 1890......................................
1tvrrwt, ■■•to -'f‘

I n the
Treasury.

In
Circulation

Am ount
Issued.

*75.5M> *77.4Iv,179 *77,487,769
5,0SS.h01 8S9.945.650j 334,584,504
40,000
89,045.UOi
39,085,009
1,191,834 151.965,367 153,160,151
*6 310 3

9-w.mm .and sit 424.

January 0,

1S84.J

THE CHRONICLE.

31

shipped for China has actually been diverted to India
and during the past two or three weeks more particularly the»
'December 31, ) November 30.
In crease or
OBmuUatien of Debt*
demand has been extremely strong. The officials in India are
W 3,
1803.
Decrease.
unable to find that the coinage of the native mints is specially
i
$
t
active, neither are they aware that uncoined silver is being
Inwrett-D^anng
... 585.030.310 00 565.030.2*0 <X
I* 00 00
1.013.53d 20
1,830,390 W
D, 25,850 00 used instead of coin in trade transactions.
D #bt an w hich lo t . hm 400006 ..
Therefore opinion
370.653.078 8 7 874.5-0,715 bl L 2,033,m OO
Ombt hearts* o o la w rest . ......
here differs as to whether the shipments are due to specula"
kggr&inte at inm tm t &»<! boo *
tion pure and simple, or to the demand for hoarding and for
*83,&>3.krt7 IS 961,589.318 13 1 .2,037,801 O0
the arts being stimulated by the fall in price. Most people
O M O okUa and note*
>te* offset
offset b ji
j
mn a<jaai aoionatt o f c u l t to |
seem to think that there is a very strong speculation, that the
601.317,424 08
00 L 5,088,122 00
the Tre&amy
natives believe either that the Government will have to im­
A sm
o f debt, ia c la d to *
pose a heavy duty or to re-open the mints, and that in either
!
M7.W.S.31!
IS
U
S
6
V
#
7
.«IS
IIS
i .r .m /r a a o e
and note*.......
case the price of silver will rise. Here in London it is gener­
CASH IN T H E T R E A S U R Y .
ally thought that there will be a duty imposed upon silver,
<3old—Coin......... .................. .......................... m «a 4.2*4 xa
but nothing is aa yet decided.
84.6
9,»0>
ut-UW^ot/EW
1*
Bars
. ..
•illwar—d o 1far*...... ................ — *........ .
. 9d*.«N3,iwS 00
A little while ago theDirectors of the Industrial and Gen­
U.«3*.«6* 5-i
S u h m ti& j c o i n . . . . . . . . . - .......
— 550.310.5 IS 76
B a ra-.,.... .. .. ...... ................................. ... . 1 « ;.* j7 » ? 4
eral
Trust—the largest of all the trusts—proposed recon­
4i;ta».iMw z*
Paoer—Lcs»t tender notes (uM tesne) . . . . ...
Treataarj art‘ es o f U M ...... .............. ......
00
struction, admitting that out of 3J£ millions sterling of assets
7 >,5*0 uO
G old een lffe«tea.... . . . . . . . .
.... .... .......
5,0 £*,95 4 <o
g ttm
. . . . . . . . . . . . .............. .................
nearly a million sterling had been lost The shareholders re­
40J*Jt 00
C arroocf ©*<tifloat««-... -- —
N*6ton*$ baaK a m e e ._______________ _
. . . l 4,357*8*9 44— 03,*40.153 88 fused to confirm the Directors’ proposal, and the Directors in­
Otoe*—Baud*, totertest *ud O.up ns fM, J.4»»U U .105 17
-----tmr ipelm t> i»f»««aeat».....---- vite 1 a committee of shareholders to examine into the
Minor coin and fractional earreoey.. , . . . ....... .
»*Mm BB
accounts. The committee has issued its report this week. It
OsDOSit* In n*t’i o .ok deposi mtim -sreol acc't.. iijm sm m
Oiib * *tn« offlcers* balance*.......................
m ~ 10.184.334 4-9
states that die depreciation of the assets exceeds £1,000,000,
TOrTeilmm and it proposes that the share capital, which amounts to 2%
Jt
......
DEMAND LIABILITIES.
millions sterling, shall be cut down to one-third, or a little over
H a u le irttfto e te e . . . ....................... ..................... .— #77.4 <#7*180 o&
£#13,000, A report coming from a committee nominated by
’ w e re e n ta ca te s . . . -- --. . . . . . ------- m
..
oo
3mom*at 4®&mi%act Jane *
the Din-.jfprs, and yet
condemnatory of tha Directors, has
. _ _ ja r y note# o f 1*#J........ ............ .
.. . . . I a 3 .lf .| 5 t 80-1801,317.424 00
an d f o r r e d w a r e s RHamftnmc a e t ’l b a n * n o te *
44
made a very strong impression here. It has added to the
Qafcifet&aiajr«& »«***mt a m fi* ... . . . . . . . . . . . . . . . . .
$0
difficulties of all the trusts, and has made it almost inevitable
O ia d a n u se o » e « m * tmtnaam. . . . ....................... .
3 ».^ y .0 7 0 f J
A r e a e r f t e a > * 8 f t * » ... ......................... .
. ..
4**?Bk« n
43.031.741 01
that many o f them will have to be liquidated. Certainly the
<told r*s*rr«,
............ .
m
N ftO M ft
.................
*. 4*21*36 4 t ............. .
W lS J ia S 43
universal opinion is that there should be a searching inquiry
^imTu.Tot 03 into the affairs of nearly alt o f them.
Om6 &*f*j»c**ii t**«
Mmwmbw.t M, 1RRI ...................
O u 9 balance to to# Ttwaaianr unto enaer #t. 18W*.............
. . . ¥0,315.5 0 <s
The Stock Exchange is closed to-day, and will likewise be
D4NP9M M I d n r t n a U i 3 l 3 N ,08t 40 shut on Monday an I Taos lay; e *a*. ju »ntly thsre has been
ail through th * w »ek a very n ttur.il disinclination to engage
B>sm ISSUED 13# AID o r P A C iric RAILROADS,
in n •v risks; p-acti -ally business has bean almost suspended.
Al*
iff <D
wmwoak%»*.;
^
Even investment has bs -a oa an o » ;s slingty small scale. The
e^pai trnmm AMMppr |
Mmms f^rm
v !.S 9»4 ‘ is o s ■
U<*4*
*» j Bm T?*m*
dearness of money and the report on the Industrial an 1 Gen­
4*4 m
m
m'Uiff.t. , >*•••**
i#.
m* **4d. «4* 0 . $4 Shreus*» mtmmtap.
'' * eral Trust ad ! ■l to th •stagn ttiou. 1n the American depart­
ment prices h tvo all gives war, an ! there is much discouri
i
^ » ....
»
•
omu
m s « mjtmjat
W %M0
ag «n tit owing to the weakness ia New York, the rumors that
Aim. pnfflSe.
*.*18.195
ItM W *Mhim
4 -s'l 9 US have been telegraphed from that city of impending troubles,
Oni'n PMiflts« » t* an.ess 4vmgsd
Ovo.Br. t/.P, 13300,000]
493500
*.»"? UMV.IU the fear that Atchison will go into the hands o f a receiver and
Wmk p»*tiaff lansws*/ 88.1*1 *m A»i
v^WkiMi.vn* th- announcement o f the closing o f the St. Nicholas Hank. In
ii**x C. A P. L W J * ' <«JS4» *,44%jml
iUASi
«pite of atl this, however, the general impression ia that trade
To«aI*. -.»* mjsmmi 1 ,5 a.7 » vtjmjm **jm*SM
i.im jw tTv *Hi a*t
is improving, and that business will be better early in the new
year.
I ^ a u e t a n j3 (£ a m m c t c t a l ^ u g lis b
V pon the C miinent the Bourses have been very quiet. The
Greek Government, as has bean already mentioned in this cor­
! F^nm oar own oomvjwomint,)
respondence, has put an end to the funding arrangement made
tOWTXMs, Saturday, December 23, 1*93.
All through the week money ha. been in exceedingly strong with the bondholders.and has offered to pay 50 per eentin paper
demand. The Bank of England ha* lent a very considerable or SO par cent in gold on the January coupons. Further, it ia
amount to the outside market, and in that market the rate for understood that it has almost completed arrangements with a
loan* for a week up to a fortnight has ranged from about 2% syndicate of French bankers for an advance, one condition
per cent to about 8tsj per cent. The most frequent rate, how­ being that it shall transfer to the syndicate revenues already
ever, has. been about 3 t, p..r cent. Since the end of the coal pledged to the monopoly bmdnolders. Protests have been
strike coin and notes have been flowing out from London to the made by several of the Continental governments, notably the
provinces in considerable amounts, and in addition to ail this German, and on Thursday a meeting of British bondholders
on Thursday tlie million and-a half sterling borrowed by the was co n v e o -i by the Council of Foreign Bondholders. After
India Council on 6 months’ bill* had to be paid, while yester­ the meeting the r -iairman. Sir John Lubbock, 'sent astrong
day a considerable instalment of the Now South Wales loan protest to the Greek Government. In Italy the hopes inspired
foil due. The general expectation here is that the stringency by the formation of a Crispi administration appear to be al­
will continue to the end of the year, hut that very early in ready calming down. The declaration of p ilicy has not made
January money will become both abundant and cheap, and a good impression even in Berlin and Vienna In Paris it hag
mad,- a decidedly bad impression, and generally the prospects
will continue so for several months.
The bill empowering the Indian Government to borrow 10 of Italy are not thought as good as they were a week ago; in .
millions sterling in London has become law, and it is under­ deed in Paris it is openly predicted that the bankruptcy of Italy
stood that a new loan will be placet! early in the new year. will occur within six month*. That, however, appears to bean
extravagant prediction. The Italian finances are ina bad way,
As yet there is no sign of an increased demand for the India
Council * draft*. Qa Wednesday it offered as usual 50 lakhs but if the new government acta boldly and wisely, it can pay
of rupees, but less than one-third of a lakh u-m applied for, its way. The negotiations between the French bankers and
and the price offered was under the minimum fixed by the the Spanish Government have as yet come to nothing, On
Council; consequently no allotment wa# made, Almost nine the other hand, the Argentine Congress has at length con­
months of the financial year are now over, and the Council firmed the settlement of th® debt concluded by the govern­
has not yet realized by its sales quite 8‘ j' millions sterling. ment wity the Rothschild Committee, This has made a good
The demand for silver for India continued very active up to impression here, and it ia expected that there will be after
Wednesday evening, and thn price w a s run up to 8 3 5 - 16d. Christmas a ratrked improvam »nt in ArgeatiaeBecuritiea. Is
per ounce, but on Thursday it felt back to 3 2 ^ 1. per ounce. , is understood that negotiations for commuting the guarantees
There is much discussion here as to what can be the , to the rail way companies will be immediately begun.
The following return shows the position of the Bank o f
cause of the extraordinary demand f ir silver for India, England.
«•«•*•. «-«h*
i>■<- •t u t , the •• toe o f o >nsolf, &c>.
U turns out that m i d, 0f the metal which was compared with the last three years:
R E C A P IT U L A T IO N .

THE CHRONICLE.
lews.

1892.

1891-

ISO >.

Die. 20.

Dec. 2L.

Dec. 23.

Dec. 21

X

£

X

Circulation................................. 25,301.715 35,191,980 K,«!K,U5
**,893,335
Public ilnpOBHn.........................
1,32:1,781
1,758.595 5.713.077
5,*23.15*
.10,251,OS’
Other depusttl........................... £7,708,18* 29.88B.856 29,078,010
OOTerBoient securities............. 8,887,518 11,253.058 10,101,963 10,111.138
Other securities........................ 2l.8lM.tW8 35,078,865 28,613.113
28.800.086
Reserve..................................... 18,119,701 15,527,011 14,010,991
11.901,812
Sold and lialllon........................ 25.091,170 24,5(!».im 23,193,101
23,811.187
Prop, assets to liabilities p«r ct,
50 3-10
15%
10
119-16
Bank rate.....................per emit.
3
3
354
5
Consols S « per cent..................
07 15-18
07 5-16 95 6-lfl
07 0-18
Clearing Home returns.............IIS.0'2,000 118,791,000 120.101,0(10 113,393,000

Tiie following shows the imports of cereal produce into the
United Kingdom during the first sixteen weeks of the season
compared with previous seasons:
IM P O R T S.

1893.
1892.
Importsofwheat.0wt.20.3iir-I.fl09 22.511,305
Barley . . . ..................1 1 ,570 ,2 15
7.384,212
O ats. ......................... 4,6.52.320
4,952,729
Feae
.....................
890,096
818,473
B e a n s ......................... 1.532.117
1.507,153
Indian co rn ............... 8.904,604 10,060,683
F lo o r ........................... 6.593.173
7,001,420

1881
1800.
27,131,776 20,481.552
9,553,302
8.812.558
4.675,791
4.267,198
1,016 089
534,843
1,389,902
863,238
5,799.335
8.791.314
5,023,754
4,524.387

Supplies available for consumption (exclusive of atocto or
September 1):

G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . — Through t h e
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of December. From
previous returns we obtain the figures for previous month,
and in that manner complete the statement for the calendar
years 1893 and 1892.
r r o k ip t s

maize afloat to the United Kingdom:
This week.
Wheat.................qrs. 2,732,000
Flour, equal to qrs.
........
Maize.................... qrs. 410,000

Last week.
2,631,000
330,000
463,000,

1892
2,199,000
501,000
345,000

1891
2 157,500
443,>>oO
229,000

E n g lis h E la itn o ta l i d a r K s i i - e e r m u m

The daily closing quotations for securities, See., ai Lond,.D
arerepoiiel bv cable as follows for the week ending Jan. 5 :
London,

Sat.

Silver, per o z ................ 0 31%
Oons0is,n ew ,2 *t perote. 981 a
do fo r account........ 9*0(1
F r’olirentes (in Paris)fr. 98-25
U. 8. 4s of 1907.............
7414
5>%
Okie. Mil. & 8t. P a u l...
Illinois Central.............. 93*4
12**3
42*4
Louisville A Nashville.
Mexlean Central 4a___ 53
N. Y . Central & Hudson 102
N. Y. Lake Erie & Weat’i i 4%
763*
do
2d con s..........
N orfolk & Western, pref 19%
Northern Paoiflo p ref... 19
Pennsylvania.................. 49*4
9*4
Philadelphia & Beading.
Union Paoliie................... 18%
WAbash p r e f ................ 1338

M

ots.

31*3

«
0

Tues.

Thurt

Wed.

m

31*2
31%
81%
98L.S 989,3 9STi e
981-13 9811,. 98%
97-85 98 00 98-17%

31%
98%
98
98*12*2

74
57 *3
93%
124
44%
xol
102%
14%
76
19 %
19%
49*s
9
13%
13%

74%
58%
93
124
4 5 *8
49*2
101*4
14%
77*4
19%
IS
49%
10%
19%
14*4

56
93 %
123
43%
50*2
99%
14%
77*2
19%
18%
49%
9%
18
13%

73%
57*4
93
•23 *3
45%
49*2
100%
13%
76*4
19%
18%
49%
9*2
18%
13%

© u n x m e rcta l a n d J U is c e lla u e u its H e w s
C h a n g e s in L e g a l T en ders a n d N a t io n a l B a n k N o tes to
J a n u a r y 1.—The Comptroller of the Currency has furnished

frtOOa o m i t t e d ) .

1892.
Cus­
toms.
fa n .....
F e b ....
March..
April...
ila y ..,.
June...
July....
A u g...Sept—
Oct. . . .
N o r ....
Dec —

InterH
fi e v ’ite

*
21.102
16,501
19,6*5
15,90S
15,425
14.964
14.684
12.145
12,570
11,000
10.216
9, L53

lotal.

i

12,053
11,263
12,931
11,729
13.212
14,003
14,6S9
10,563
11,469
12.736
12,0>4
12,056

?

t
35.210
30,48S
312
34.433
322
184 1,88> 29,801
80,972
43.
30,984
120] 1,533 31.C2G
106! 1,1831 24,057
544 25,290
707;
25,018«,
1,0331
m 25,019!
1,0391 1,707
3,0321 1,103 25 , 344 !

*207

N.Btc.
Inter'! Red'p. Mite'. Total.
Rev'Uf Fund- S'rces

Cus­
toms.
*
17,391
16,78^
16,415
13.83J
12,692
14.618
17,205
18,272
17,210
16,366
14,269
10,*08

o is h x jk s B m

\4ay....

Ju n e ...
July....
Autr...
3 e p t....
O c t .. ..
N o v .. ..
D ec—

*
31,590
30.750
30,049
29,074
29,482
31,219
34,571
34.033
31,841
31,836
28,795
33,213

1892.

tf.Bk.

Ordicnary.

PenInTotal.
sions. terest. Fund.

S
18,209
17,049
17,114
15,271
15,500
17,102
17,791
21,642
14,443
16,667
16,063
16,059'

*
13,088
13,495
13.840
12,372
14.26*
12,411
11,168
1 l,20t
10.787
10,34t
12,S3<
13,76t

1*3 m os. 2 0 3 /2 0 152,17;

$
159
57
212
417
270
20]
257
551
43
543

Hin t h .Ooo* o-mr.T4d.t >

1893.

fan .......
Feb . . . .
VLarch..
A pril...

$
2,129
1,727
1.28S
2,404
3,012
1,560
2,243
1,144
852
768
DO 1,420
146 1,915

«
11,911
12,18-^
12,134
12,42?
13,478
14,780
14,8*6
14,063
13,736
14,154
13,051
14,844

848,247 191,3*0 1«1,623 2,979 19,492 375,459

J2 mos. 173,33ft!148,763 7.404 h

1893.
1892.
1891.
1890.
Wheat..................owt.20.365,909 22,544,305 27.431,773 20.t3L.552
Im ports o f flour......... 6, *93,473
7,001.420
5,023,7,34
4,321.837
Tiles o f home-grown. 8,193.655
8,732,033 11,223,059 13,162,000

T otal..................... 35,158,037 38,277,758 43,633,589 33,938,439
Aver, price wheat week.26s. 9d.
26s. 4d.
36s. 101.
32s. 4 d .
Average p rice, season. .27s. Od.
23s. Id .
37s. Id .
32» 2>.
The following shows the quantities of wheat, flour hi o

[VOL. L V I I I

$
7,104
322
079
5,090
3S3
262
7,127
397
198
2,582
2,909
233
i?.292

t
902
811
740
532
662
491
418
291
220
496
1,882
969

$
39.253
31,677
32,373
33,771
30,874
29,206
40,094
33,596
25,098
30,035
32,084
31,027

N.Bk.

Ordinary.

PenIn- Ited'v. lotal
sions. terest Fund.

i
16,980
13,637
14,557
15,539
14,658
15,513
15,051
17,632
15,291
14,353
15,844
18,242

$
10,522
11,562
13,114
18.705
12,903
12,122
14,235
13,478
12,654
11,632
13,432
14,942

%
6,673
704
243
1,766
4,073
28S
7,048
330
247
5,153
365
276

*
1,4SS
1,519
1,206
1,038
1,023
1,018
915
641
725
693
1,108
817

%
35,003
27,482
29,425
31,098
32,602
28,941
37,249
32,081
28,917
31.881
30,749
31,277

7.P14 390,398 187,347 f5 -«.65' 27,231 12,191 380.425

B o n d s H e l d b y N a t i o n a l B a n k s .—'Cue following

interest­
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure pubiic moneys iu national oauk
depositaries on December 31.
IT. S. Bonds field D
Description o f Bonds.

Oorrenoy 6s.
2 D em ents...
4 per cents. .
T o ta l.

31 .189 3. to Secure—

Public Deposits
in Banks.

Bank
Circulation.

Total Held.

$1,170,000
1,063,000
12,203,000

$16,077,000
22,651,350
167,233,250

$17,247,000
23,714,350
1 '9 ,4 3 0 ,2 5 0

$14,436,000

■*20',961,600

$220,397,600

I m p o r t s a n d E x p o r t s f o r t h e W e e k .— The

following are
the imports at New York for the week ending for dry goods
Dec. 28 and for the week ending for general merchandise Dec.
29; also totals since the beginning of the first week in January.
F O R E IG N IM PO RTS A T N E W Y O R K .

For Week.

1890.

1891.

1892.

1893.

us the following, showing the amounts of national bank notes Dry G oods....... $1,499,926
$2,361,845
$3,105,314
$1,360,325
Dec, 1, together with the amounts outstanding Jan 1, Gen 1 mePdiae.
5,135,072
11,130,136
7,769,227
4,261,179
and the increase or decrease during the month; "also the
$6,634,998 $13,491,981 $10,874,541
$5,621,504
changes in legal tenders held for the redemption of bank
Since Jan. 1.
notes up to January 1.
Dry G o o d s ..... $146,144,028 $116,798,415 $128,540,351 $118,541,911
Gen’l mer’dise.

national Bank .Vote.
Amount outstanding Deo. 1 ,1 8 9 3 .
Amount Issued during t> -o..............
Amount retired during D ec ...........

£208,850,788
$520,107
928,868

391,081,893

406,742,424

448,762,787

416,716,756

Total 52 weeks. $537,225,921 $523,040,839 $577,303,138 $535,257,667

408,761

Amount outstanding Jan. 1,1 893 *............

£203,442,027

Legal Tender Nolee—
Amount on deposit to redeem national bank
notes Dec. 1, 1893..........................................
Amount deposited during D e o ......................
Amt.reissued A la n k notes retired in D ec..

$21,250,279

specie) from the port of New York to foreign ports for the
week ending Janmry 1 and from January 1 to date :
EXPO RTS PROM N EW Y O R K F O R TH E W E E K .

$3,022,911
928,868

2,094,043

Amount on deposit, to redeem national bank
notes Jan. 1. 1893............. ................. .........

$23,344,322
' Circulation o f National Gold Banks, not included in above, $96,817

£1891.
For the w eek..
Prev. reported.

$6,608,447
348,269,043

1892.

1893.

1894.

$8,724,306
381,670,325

$6,321,667
383,865,823

$6,920,860
370,590,736

Total 52 weeks* $354,877,490 $390,394,631 $390,187,490 $377,511,596

The following cable shows the exports and imports of specie
According to the above the amount of legal tenders on at the port of New York for the week ending Dec. 30 and since
deposit January 1 with the Treasurer of the United States to January 1, 1893, and for the corresponding periods in 1892
redeem national bank notes was §23,344,322. The portion of and 1891:
this deposit made ( l ) b y b a n k s becoming insolvent, (2) b y
____________ E X P O R T S A N D IM P O R T S OF S P E C IE A T N E W Y O R K .
banks going into voluntary liquidation, and (3) by banks re­
Exports.
Imports.
ducing or retiring their circulation, was a3 follows on the first
Gold.
of each of the last five months:
Week.
Since Jan. 1.
Week. Since Jan. 1.
Depotite by—
Innolv't bks,.
Liqnid’g bks..
E e d ’o'g undr.

S ep t. 1.

1

O ct. 1.

$
*
1,008,983: J , 103,809
4,812,312 4,831,253

Nov. 1.
$

Dec. 1,

$
1,335,614 1,179,084
4,732,400 4,666,659

Jan. 1 .
$
933,514
4,337,173

aot o f ’74..‘ 14,423,838,14,792,126 15,129,924 15,404,536 17,573,635
Total....... . 20,245,163'20,727,188 21,197,938 21,250,279 23,344,322

* Aot of Jane 20,1874, and July 12,1882.

Great Britain..........
France......................
Germany.................
West Indies..............

Mexico.....................
8o nth Am erica........

All otter countries.
Total 1893.
Total 1892.
Total 1891.

$ ............ $16,700,707
17,990,102
27,660,000
26,935
8,268,887
19,468
5,000
1,194,670
1,013,420

$30,238,642
8,877,678
13,386,791
15,205
7,593,952
63,061
21,162
1,834,345
9,681
161,956

$11,935 $72,845,254
659,812, 71,269,280
61.462 7R.065.848

$16,048 $62,156,425
39,450] 8,527,486
27.148- 32.068.927

January 6, 18t4,]

THE CHEtmCLE.
Exports.

S U cer.

Hreat Britain...........
F ra n ce ......................
G erm any...................
West Indies..............
M e x ico ......................

Im p o r ts .

W ee k .

Since Jan. 1.

*826,823

132,467,504
132.19s.

Week.

§326.923 #33.401,221
832-60
718.289: 23,293.916
JO.-78
68 6.S U 20,961,478
_______________________
306,060,

Total 1893.

Wheat,
bush.

C om .
Oats,
bash.
SusA,
030,000 1,660,000
130.000
33,000
Dn a floa t----- 1,215,000
55,000
tlb a n y ...............
215.000
60.000
713,0 0
inffalo............ . 2.787,000
307,000
161,000
15 ,000
Do afloat___
672,000
Ohloaga.............. 19,950,000 2,658,000
657,000
030,000
Do afloat___
20.000
17,000
883,000
Milwaukee.........
9,000
inlutb................ 9,177,000
209,000
Dn afloat___
24,000
Toledo............... 2,008,000
519,000
100.000
.... ...
D<> afloat —
19,000
25.000
Uetroit............... 1,036,000
D o afloat. ..
330.000
20.000
O sw ego .......
53,000
350.000
51,000
St ijoula........ . 5,416,000
38,000
14.000
Do afloat___
11.000
7,000
21.000
'ln o ta n a tj.........
431,000
15.000
Bee ton ................ 1,097,000
_____ _
153,000
32,000
Toronto..............
l.ooo
96,000
627,000
Montreal............
461,000
139,000
176.000
Philadelphia ---117,000
161.000
134,000
Peoria .............
79,000
(ndlanajioiif __
78,000
1 -4 .000
10,000
27,000
Causae City---- 545,000
-lolttmore____ _ 1.357,000 1,042,000
132,(100
M inneapolis,,.. 12,251,000
161,000
23,000
51,000
On MteahMippi.,
T otals —
Dec. 3 0 ,1 8 9 3 ..9 0 .2 3 0 ,0 0 0 8,323,000 3,770,000

Rve,
B arley.
bush.
bush.
48,000
31,000
8,000
81,000
5,TOO
60,000
64,000 1,010,000

Sew Y ork....... . 18,045,000

2,915
G45

660
110,003
43.SS9

AU other countries.

The visible supply of grain, comprising the stocks in granar y
at the principal points of accumulation at lake and seaboard
ports, Dec. 30, 1893:
In store at—

193.000
517,117

South America.......

Since Jan. 1.

S3

33,1-2,058
3.061.522

Total 1892.
__________________
3,082,836
Total 1891.
Of the above imports for the week in 1893, 829,170 were
American sold com and 8842 American sflrer coin. Of the
exports during the same time $31,9:55 were American gold
c o la .

-

212,000

38,000
94,000
125,000
33,000

11,000
25,000

. ,

1(1,000

2,000

30,000
170.000
54.000

-1,000
—M*fsrs. Charles Head & Co. announce that they will
35,000
167,000
deal in New York New Haven & Hartford c-mv rib ie de­
2 i.OOO
benture 4 per cent binds and other Consolidated Railroad
57.000
55,000
37,000
securities. Also United States Leather Company common
______
and preferred stocks.
1,000
i,uoo
2.000
—The Boston Safe Deposit & Trust Co. have issued a very
8,000
useful manual—“ Coupons, Where Paid," It is a comprehen­
61,000
sive list of all classes o f securities the coupons of which are
20,000 193,000
payable in Boston.
—Messrs. Cushman. Fisher & Co., Boston, offer in another
5 -3 ,0 0 0 2.219,000
column an attractive list of bonds, including the issues o f the lire 23,1893..80,028,000 7,239.000 3.811,000 609.000 2.511,000
cities of Boston, Taunton, New Bedford, Milwaukee, Omaha, fie,-. 31. 1392..81,29 1.000 11,426,000 6,341,000 1,190,000 2,205,000
Jan. 2, 1892..45.668,72* 7,081.196 3.963,579 2,315,983 2,271.543
etc., etc.
J an, 3. 1391. 2 .,347,075 2,737,505 3,79 5,603 476,501 1.059,344
—City of Pawtucket, ft. I., geld 4s are offered at par and
—Messrs. Parkinson '& Burr. Boston and New York, have
interest by Messrs. Biodget. Merritt & Co., Boston. iSee
compiled a list of bonds, showing yield at market price on
advertisement in State and City Department.
Jan. 1st.
B r e a <lef u lie

F ig u r e *

B rou gh t

F ron t

F are

5 0 — H ie

movement of breadstuff's t> market is indicated in th„
statement below, prepared by us from the figures of th> N »w
York Produce Exchange.
We first give the rec-ip s at
Western lake and river ports, arrange,! so as to prt»»«at tfc.
comparative movement for the week ending Dai, 3J, 18*a
and since August 1. for each o f the last three years:
M

Btrey

Ttmtt,

i «-

B m h . 48tv

4«J.)WW&, ntuASOU. S w A M S .
4«,JS»f
SSWK#i r,rm.m\

CV.eare
Batata. .
Xlae*Molh.
.Detroit.......

CieveUcd-.
S t Louis,...

KttNMiCtttr.i

tff.UWI

arniM,:
lAMjSKtf
tJMj \CW<G\ » l » ,
masT!
W.4J7',
» ,« ? !
4A»»
M« 846 tMt0U
#.«rt MM40
*>
*»,T*
WMMK

To*.«lt.-W3.

uw
•fjM
mjwof
•turn

6SJB*

m km

•*.87, |
4*7 V
at.o.

7,7 »

7J&*

m$M |
iujtmi m ats
i

tM

•sme •r.’vs.
9«m» wfc/tt
***** Am. i.

pAWj
*1*.|9'

Bw*
BaS?

im.tsu »j**3 M* MtioKH tM W i
i
ta n ,- i B U d
1
M M f » ! M M N .P t \mmiM* «1,?$?.<
iseiMsy i^nmn
198*..,,.
e.mjka'm.ttXiM
Ms u m
I0W...
lt.Tl.V7 UtUMMWi
m jm jm k h m h I;ushuui
The xeceipfcs of flour and grain at the seaboard porta for U e
wmk ended Dee. 30, 1393, follow:
Wheat.
Corn,
Flow,
OeUt,
Marie*,
Rye.
4U—
554*.
but*
bush. bath.
bath,
*a»A.
S ew Y ork. ..847,961 231,925 1.114,100 502.950 82 580
mo
Bouton........... 5 3 ,-09
55.347 291,570 193,200 4 260
Montreal .... 21,285
10.400
72,369 J3.500
Philadelphia. 63 ,*»6

W O m o n ..... It 9.179

Klch.-i.on ! ...
* e » Orleans.

3.773
7,31’.

» « . -week.. 847,i.27
Week 1892 3 0 M B ’.

29,364
219.876
18,426
7 1.099

1*0.791
54,000
7.04O
40,874

257,0 IS
438, A ll
4.462
412,542

9,600

iT tt t

1.9 *2
48,108

Below are the rati shipments of flour and grain from
Western lake and river porta for four years:
1892.
1393.
1891,
1892,
Week
Week
Week
Week
Jan. 2.
J n n 2.
Dee. 31.
Dee, 30.
Floor............Mils. 471,915
321,0*1
3* >,950
457,083
t.099.52 i

746.340
! ,393.29a
1,272.310
382.496
100,370

3.171,9*0
1,695 A 49

T otal.............................................. 5,82:1,96.5

3.801.891

733, m l
HI 0,93 8

1.110,-10

461,1 U

370,909
96,658

131,352

Mrpm-ts
from—
UewYork
Boetnr .
Portland.
F btladel.
Balttm're
N. Ori'ne
8 . News.
Norfolk
Montreal
T.?t WPAk

WA«U,
Bush.
r>n1,735
122,127
43,293
170.4!'.'
82, *61

Cam.
Bush,
305,332
84,967
24.705
101,871
s v .i e i
272,? 45
81,128

Flour.
Bbh.
1*7,701
29,689
1.461
21,296
3 2 ,-4 7
950
169

Oats.
Math.
49.490
2,3*0
10,250
—
10,527
*m
m
mrn

Rye.
Bush.

Pent.
Bush.
13,015
30,303

981,928 1.018,009
139,3 46

213,006

66,129

220.997

79,243

N. V. a n d l l r o o k l f n U aa S e c u r i t i e s — B r o k e rs ’ Q u o ta tio n s .
a .A » C O M P A 5 i RH.

6.1.9 COM PANI EH

B hl. |A «k.!

Mi}tmpalitm (Brcokiyai,
WHU,tit. hi,u»M......... .
C«olfml.. - . a,..... UO
*>*>,Br*mkijro
- : 00 . Botitl*. *’>*,,---- ------Fallen Municipal....... .
Mm’mf
•&Ho mam.-.. IIW
M«stroi»#lli*3»->3a8d«. -... 107
KquHa'de..........................
MatttmlIK* Y . n . . 145 im
JBciiul*. On. . .»•** ..... .
^•**A*tt
...... . 100
Stan daft! p r e f...... .. . . .
..... ....... ....... a..*.- ...... Ym
..........
B r w k lr a O a«-lJgttt......... UO

,115

Bill. A *k.
UO
135
100
13*1
105
IMS
100
15

150
105
190
SO
32

Auction hales—Among other st curttiee the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Mes-w. R, V. Harnett & Co.:
I

Sh a re s.

Sh a re s.

5 Tburher Whjrl*ndfY>..pM. 241s 50 Chatham Nat. llauk......... 365
I

By Messrs, Adrian H, Muller & Son :
Share*.

M o n th .

8 6 ,0 0 0 Me ttoju'lltn ii Perry 1st
5*. 193 , Ma n ..................... l)9U
f 1,000 Asm . id tile A tn m olof
colurntha Cnlleise 2d 5a,
1900, .I.V-D............................. 00
f5.00V Georgia Car. <fc Nor.
RK, 1st .is, 1429, .TAJ ......... 81
83.000 S olu s Bay & South.
KK. *-t 5*. 1924, J& I ........ 90
£ 8 0 0 Illinois Central RR. 5s,
sierllnu, 1905. J A D ...........81,200
87(J.tlU'. E au Tettti. [.and Co.
1st mnrt. bouda..................... 20

1 S . Y Bowery Fire In*. Co. 76
5 S’ . Y. U fa in*. * Tru«t Co.«H I%
‘2 Phils. A Trenton UK. uo, .229*4
5 Warren HR. C « ................. 133
1 National Park B m k . . . . 301
3 Merchant*' Sat. B a n k . . . . I l l
16 U. 8 T n t«t Co. lv *-tllv.l...»01
1 Clinton Halt 6 « «w U tln n . 45
80 Frankltn Sattenal Hank. 101
2 SafctyCarH i-aUus.VUght'
ta g Cn................................ 55
fiOTh itrfcet- W11}•i and c o „ p n i. <i

^ iu ik t u g a u d g tim n c ia H .
S amuel

BANKERS A SD

D.

O E A LEB 8

D a vis
IS

&

Go.,

INVESTMENT 8E0DKITUS*.

NO. 14 W I L L NT., NBVF V O K K ,
Bam d r l D. D a v is ,

Oha ». B. V an N ostrawo

Wwmtwr N. Y. Htor»*r*•’YnhA-»«/*»

_____ _

THE M ER C A N T IL E NATIONAL BANA
OF T H E C IT 5 OF N E W Y O R K ,

......

1892 .. 1.139.425

B.1I.B H. * B .W v-8lk . .120 125
* 9 s ^ s \ s e s s i i \ u o .......... I aI. « » R 6*. 19*2. 3 .ell WO
S.-Ot,....................... .
95 w
-mk. .
so
» « inert-. 7», 1800 3 *3 107 ........ KlibtfcAvonm, s to ck .... 240
-•!>!■
UCt ...........1IM
B V i f 4 7 ll : 4 n . . - m o c k . 1 9 0
____
47.1 A <ir St. Ker.-Stk. 300
1*1 m a n . . 19*44 JAIi 100 ......
85
m art. 4*, l<>.» J .t l lo o ...... . •20 -1.4 MAu.A SI N \v. ...
S«I man. fi«. 1910.,-MA - 130 ill*
BHnylat.&ASOar.mi M» ...
57
2d IK luc a *r.n i'l Ilia'. sn
___
2d mart Jncom* 6*,J4J'
11. W. St. A !•. P cr -S Ik 200
Jfceakiy* a w - N - « w - ik .':o a ,s«5
Ul mart., 7s. 1894 3 63,104
>i •'•
......
tide c & s . 5-,
J.4J : h-j tin ::U*t»R i -IrinO Traction, — i 1#•»
■nwklyn TrStlan
. , is
16 :MWi-epoltiatt fructioa .. s106 r T
Oen'rsi
Ntfc 13S i........ Ninth-Avenue................. 130 133
Second A v eou e-S tock ... 118 122
1*4m en .«•. in v .M .t s t is iso
102
1»t tuort. a», 1909. MAN
C*r.. Pk. S.A K.Hiv ~0tk l i t 150
Ceneaf. 7a, I W I ...J * B ) »
Slitli Avenoo—s u c k ...... 190
CbrtAtVr* lots84 • 8U*.
. 130 Third Avenue.................. 16J TtS
115
1«t mart, 1898 . . . 4 * 0 105 ...... i -t mart,, 5*. 1937 3 -v3
le.uti third-t a „Lh IP0

6.7*9.888 3,522,316

The exports from the several seaboard ports for the week
ending .Dec, 3d, 18SW, are shown in the annexed statement:

m.i. A«k.

i Bid. A»k.

50 Market A Pulton Sat. Bk.210

613,777 2,533.995 1,001.938 109.020
800,781 510.7*0 394,111 213 451

W heat............. lra*k. 528,47,8
C o m ........................... 2,8 *9,891
O ca................... 2,1.11. .22
B arley........................ 355,774
Bye....... .....................
68,713

City K ill road Seenritles—Brokers' Quotations.

,51A21
8,293

74,537

No, 191 Broadw ay.
C a p ita l.
8 1 ,0 0 0 ,0 0 6 1 **arpln » F u n d . - *1,1100,009
WILLIAM t*. BT. JOHN. President. I YRSOBRICS B. 80HSN0K. <’»*alei
3AME8 V. LOTT. A««UUuit Cashier,
ACCO UNTS S O L IC IT E D .

THE CHRONICLE.

t
g h je

fB a n lu r s '

Foreign Exchange.—The market for sterling bills has been
dull, and the tendency is towards lower .rates. Money in
London is easier, and a relaxation in Continental cities is also
expected. To-day actual rates of exchange were as follows;
Bankers’ sixty days sterling, 4 83%@4 84; demand, 4 85%@
4 86%; cables, 4 86@4 86%.

(g a z e tte .

D IV ID E N D S .

When

Name o f Company.

Rail rood*.

Payable

Ann. Washington & Faltlrnorc..
Boston A J*rov in cnee (q u a r.)...,
Borlliji' tors- Cedar tiap a N«nh '
Little SfebnylkiH Nav. RR. A Coal
M ice Hill A 8dhn> l)ti)I Haven. ~i
Northern o f N. It. (quar,).........Old Colony (quar»)------------------Oregon Kail w ay *v Nav. (quar.).
Paterson A Ltu,l»on River..........:
Paterson & K a m s p o ....----------- ;
Pittsfield A Norih Adam s*...— i
Port! end Saco & P ortsm outh....
B ock T&laid A P eoria ...................
Ter r© Ha uie & in dtanapoits.....
Ware R iv er..............
—
. ...

3

2Eg
3%
Sklj
m
1%

Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
J an.
Jan.
Jan.
Jan.
Jan.
Jau,
Feb.
Jan.

Books Ol
(D ays inch

to
2 _
l ——---- to

1 Jan. 10
32 Jan. 2
15 ------ 1 --------l — —-

i?

Demand.

Sixty Days.

January 5.

—

to
to Jan.
to
to
to

[Vou LVIII.

4 g6ks®4 87
Prime bankers’ sterling bills on L o n d on ..:4 84 ® 4 85
I Prime c om m ercia l............ - ........................ j l 8 1q
-3*9
Documentary comroerei .1........................... 4 S2%a>4 83
Pans bankers (fta u r a l.......... ........ ............. 5 20 a s 19% 5 IS tsa S 17*9
4 0 ® ,«»4 0%
Alusteruain (guilders) bankers .................I 40%®40||§
Frank tort or B rem6n(reionmarks)b’nkers1 34rt394.78 J _ j^ £ ? 8 9 9 5 1e

The following were the rates of domestic exchange on New
— ---— TO
York at- the under-mentioned cities to-day: Savannah, buying
3 --- ---- - to
% discount-, selling parts % premium; Charles on, buying 1-16
to
3 --- —
) ---—- - to
a1*
discount, selling 1-16 premium; New Orleans, bank, par; com­
3
15 --------- to
2Lj
1 Dec. 21 to Jan, 5 mercial,'$1 00 discount; Chicago 73c. per $1,000 premium;
St, Louis, 60c. premium.
3
1 ------ - to
3 -------- to
3>a
United States Bonds.—Quotations are aa follows:
UankM,
Fifth Natiomil........ .
to
Po
do
(e x tra )........ .
1 Jan. 2 --------Jan. Jan. Jan. Jan. Jan.
Interest Dec.
Jan.
2 ---- —— to
West S i d e . . . . . . . . . — ................... j e
b.
2.
3.
4.
1.
Fericds 30.
M t w e l Ia o e o u * .
American T obacco coin (quar.).; 3 l
'
95
*
95
*
95
*
•
95
*
95
Q,-Meh.
..r
e
g
.
2
s
,.................
7 Jan. 25 to
. 14
Bo
do
r»ref. (qmi!*.}.: 2 \ Feb.
*112
112%
113 *112
4sl la u ? ...............teg . c i-J a n . *112
J*
112%
’
XI
12
*112%
<
3
112%,
O.-J
a
n
.
‘
l
i
s
t
!
4e,1 907............coup.
Q
*102 *102 *102
'102
8s, our’oy,’9 5 ___reg. J. & J. *10J
VVAI.I, S T R E E T . F R I D A Y , JA N U A R Y" 5, 1 S 9 4 - 5 P . M .
4
4

I

The Money Market and Financial Situation. — The
year has opened with dull markets and much depression at
the Stock Exchange, but who can question the fact that we
are in a position infinitely better than last year at this time?
Then we had much higher prices, but were rushing on
towards the Reading and National Cordage disasters, and the
far greaCer panic caused by the silver illusion. Now we have
come back to a sound standard of currency values, and after
the country has had time to recuperate there can be no doubt
of the steady improvement in general business.
There is a striking contrast between the imports of foreign
merchandise in the first part of 1893 and those at the present
time. Then there was a demand for luxuries of all sorts as
well as for staple goods, and the tendency was towards lavish
expenditure in all directions. Now, extreme economy is the
order of the day, and foreign goods are ordered cautiously,
which indicates a dull business truly, but also indicates that
less gold will be needed to pay for foreign goods and that
importers will wait to see the demand close by before they
stock up too heavily.
Our railroad situation is somewhat critical, particularly in
regard to those companies in the hands of receivers. It is of
the utmost importance, not only for the present purpose but
also for the reputation of American railroad investments, that
the reorganization of these companies should be conducted on
a fair and equitable basis, with all due regard to the rights of
each class of stock or bond holders. In a time like the pres­
ent, when railroad earnings are near a minimum, it is hardly
fair to reorganize a company on the basis of present in­
come—an average of the past five years would be
a more rational basis. Again, is it not possible to use
preferred stocks more generally to assure those who are
entitled to income ahead of common stockholders that they
shall first receive whatever the property can yield ? It seems
useless to mortgage railroads in such a way'that they must
very probably go to default again within a few years, and on
the other hand preferred stockholders are well assured of
their rights if the terms of the reorganization prevent the
issue of mortgage bonds or other liens ahead of them.
Some of the best financiering done for our railroads of late
years has been in the issue of stock at par for capital ex­
penditures required, and if the roads are not too heavily
mortgaged the preferred stocks will rule higher and be more
available for use in raising capital.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 1% per cent,
the average being 1% per cent. To-day rates on call were
1 to 1% per cent. Prime commercial paper is quoted at 3%
to 4% per cent.
n The Bank of England weekly statement on Thursday
showed aD increase in bullion of £861,000 and the percentage
of reserve to liabilities was 41’44 against 45-69 last- week : the
discount rate remains unchanged at 3 per cent. The Bank of
France shows a decrease of 13,150,000 francs in gold and
4,600,000 francs in silver.
The New York City Clearing-House banks in their statement
of Dec. 30, It93, showed an increase in the reserve held of
81.774,900 and a surplus over the required reserve of $80,815,150, against $77,937,775, the previous week.
1893.
Dec. 30.
Capital ....... .
Bnrplns. ,, . ..
LoaDH and dise’tfDiroolatlon___ ..
Net deposits....
Specie.
. . . ...
Legal tenders..
Reserve b e ld ....
Legal reserve...
8 orpins reserve

60,422,700
71.596,30(3
417,606.900
13.1 1 l,«O0
fil 6,437.800
106,316.400
101,108,200
207,424,1 00
146,009,450

Differerisfrom
Frev. week.
$
I n e .1,319,900
Dec. 144,600
Inc. 7,59ii, 100
I n e .1,795.700
Ine. 2,979,200
I n c .4,774,900
Ine 1,897,52.5

80,815,150 In e .2,877,375

1892.
Dec. 31.

1892.
Jan 2.

$
8
60,422,700 59,372,700
69.191,600 66,007.900
437,722,000 43-1,s i s , 400
5,554.600
5,53 7,400
44-1,589,4011 466,2 18.200
75,964,300 95.9 72,7O0
42.01S.0OO 37,414.400
117,981,900 133.746,600m , u ? , 3 0 116,554,550
6.839,550

17.232.nso

6s, our’oy,’ 96-----reg.
8s, our’oy,’97-----reg.
6s, our’ey,'9 8— reg.
6st oar’cy.’99.

J.
J.
J.
J.

&
&
*
&

J.
J.
J.
J.

*104
*107
*110
*112

H
O
a

*104
* !o 7
*uo
*U 2

*104
*107
*110
* li2

*104
*107
*110
*112

*104
107

*110
112

*Xtols thepr.oe bid at cue morning board; no hiue w.m made.
Coins.—Following are current quotations in gold f nr coitxsr
Sovereigns.-------- $4 85 -@$4 90
Nai oieons.......... 3 85 ® 3 9i)
X X Reiclim aiks 4 70 @ 4 80
25 P e s e ta s _____ 4 75 @ 4 8 5
Span. Doubloons. 15 55 @ 15 75
Mex. Doubloous.15 55 @ 15 75
Fine gold bars—
p a r @ 14 prem.

Fine silver b a rs— — 68% @—69%
Five francs ........... — 90 @ — 95
Mexican dollars.- - — 55 @ —56
Do u u com m eicia l------ * @ — —
Peruvian s o l a . . . . . . . — 53 @ — 54
English silv er......... 4 80 @ 4 90’
U.8. trade d olla rs.. — 60 @ — 65

United States Sub-Treasury.—The follow ing table shows
receipts and payments at the Sub-Treasury.
Balances
Date.

Keceiptt.

| Paym ents.

30
1
2
3
4
5

*
3.156,125

3,729,208

2,753,2 ’ 5
2,774,59 f
3,347,604
5,0U4,345

3,133,*30
5,404,434
4,413,241
3,835,654

Total

17.035.S98

20,565.767

Dec.
Jan.
“
“
“
“

Coin.
60,900.521
HOLIDAY.
60,641,54
57,734,896
56,204, t>66
57,148,803

Coin Oert’s.

Currency

507,873

29,359,652

510,793,
595,721!
794.639
905,946

29,295,703
29,487,589
29.753,265
29,816,512

State and Railroad B onds—Sales of State bonds includ$10,000 Va. 6s def’d. trust reepts, stapd., at 6% ; $5,000 Term.
eettlt. 6s at 107 ; $1,000 settlt. 8s av 72% ; $2,000 Ala, class C
at 98%.
Railroad bonds have been without animation, and there has
been very little of the usual January investment business yet.
When it does spring up it is likely to run on the high-class
bonds, which are considered sure to pay their interest. The
strict first mortgage bonds of railroads now in de­
fault will come in for a good share of attention, as their
prices are generally shaken down by the receiverships. There
was a little movement to-day in Chicago & Northern Pacifies,
which sold up to 46%: Atchison bonds are also stronger, the 1st
4s selling at 69%, which is better than just before the receiver
was appointed; Louisville New Albany & Chic, consol. 6s
have sold more freely around 95 and the general 5s at 66;
Northern Pacific 2d mortgage 6s are quoted down to 80, with
few sales; Erie 2d consol. 6s are dull around 75 and the
holder of $4,000 bonds worth now $3,u00, by contrib­
uting $900 in cash, will receive $5,000 in the new blanket 5s;
Texas Pacific 1st os were bought freely up to 76%; Read­
ing bonds are a little stronger on the election prospect
and promise of the plan of reorganization.
The rights
of bondholders ought to be looked after very sharply in
these times of default, and they can not be too prompt in
organizing and employing counsel to protect their interests.
Railroad and Miscellaneous Stocks.—The stock market
has been relatively dull, and wherever there has been a weak
point it has been attacked by the bears with the usual result
of forcing prices down one or two points. But the general
range is now so low that a rally seems to be due in the ordin­
ary course of speculative operations. There has been some
evidence of better buying here and there, and Western Union
was _relatively stronger than other stocks and seems to
inspire some confidence as a dividend payer. This morning
the special attack was' on Missouri Pacific and Louisville &
Nashvijle, with the result of forcing the prices down to 18%
and 41%, but this seems to be without much significance. It
is known that the Missouri Pacific floating debt is held mostly
by the directors. Atchison was a little stronger and sold up
to 12, as the situation of the company appears less discouraging
than some of the others. Aniong the industrials Sugar has been
distinguished for a decline to 75%, without any new facts
known to the outside public, and even the probable effects of any
specified rate of duty they can hardly estimate very closely.
At the clo-e to-day the tone was barely steady and there was
more strength and activity in bonds than in stocks.

THE CHRONICLE.

J akcaky 0, 1894.]

35

N E W Y O R K S T O C K E X C H A N G E — 4 C 2 T V E S T O C K S f o r week e n d in g J A N U A R Y 5 , 1 8 9 1 , a n i f o r y e a r 1 8 9 3 .
H IGH EST A X D LOWEST PKICES
Saturday.
Dec. 30.

M 'tiday,
Jau. 1.

9 V 10%
*%
1 **
87% 07 %
•71 ____

n 58M S %
74%

75*s

56%
•116 U S
98
08 V
• lit
13a

T

•105 111
35% 33%
; i s % " is %
•60
68
130 130
*101 163

n

J

h

•4a
ll»
83%
•6
33%

sc
Da*
«H>
7
23%

*61%
12*.*
101
42%
8%
*1%
193%
95%

10J ;
44%'
6%
3
123%
95%

C3

36% 27
13
13
*23
23%
20% 21% '
15% 15%

9% **12%
W k "V i%
*2

jr -j

.a >a

*20
*21
*4

»
38
6

17% 17%
* l« % 12
*40% 44
12
2%

4
8
*2*
•80
*101
20%
7%
5%
28
*70
17
**%
£ f

12%

4 ,
8%
2§ 1
SS !
100
20%
7%
*»%:
45
80
IS
5

l
I

I-*

%
t
t
*
l
i

;

&

45% 48%
*3%
5 [
*
1

61% | %

i
1
*
«
|
;*
«
t
I

%
%

*7»V
16SV
'i * v
*40

MV

:

It
8 2 'a

f

Tuesday, Wednesday,
Jan. £
: Jan. 3.

Thursday,
Jan. 4.

Friday,
Jan- 5.

STOCKS.

Sales of
tiie
Week.
Shares.

R ange fo r year 1893.
Lowest.

Highest*

A c -liv e K i t . S t o c k * .
11%
9% l i % ! 10% U % t 11
9% Bee. 30 36% Jan. 16
1 1 % 12 Ate hi sou Topeka «fe Santa F e. 46,4-43
. %
%|
*%
Atlantic & P acific........
60o
1 Bee,
%
5% Apr. 29
%
69
67
67%; 68
70 Baltimore A Ohio - ..........
68
69 I 70
454 54% July
97% Jan. 24
*71% 72%! 71% 72 % ’ v-% 72% | 72% 72% /Canadian Pacific....... .
1,100 66 July
90% Jan. 16
48%
47% 46%. 49
49 Cminula Southern . . . . . . . . . . . . .
47% 48%' 47
,203 34% July
58% Jan. 16
Central of New Jersey......., ..
1 1 3 ii3 % : 111 112 I 113% 114 j 114% 11
1.090 84 July 26 132% Jan. 21
16% 16%' 16% 17
16% 16%
17% 17% Chesapeake & G% you tr. c e rt
12% July 26 25 Apr. 6
f ISO 140
136 140 f 134
4 3 0 140 Chtcago A Alton ............. .
126 Aug. 16 145% Feb. 1
73% 75%; 73% 75% 74% 76%
74% 76 Chicago Burlington A Quincy
28.8 69% July 26 103% Jan. 21
Chicago & Eastern I llin o is ..,
51 Aug. 21 7*2% Jan. 25
in;
Bo
p rof
94
94
*5i
95'% 95%: 94
85 Alt*. IT 105 Jan, 23
50%: 30% 37% Chicago Milwaukee & St. Paul 150,560 4 6% July. 26 83% Jan, 23
55
5 0 % 54% 55 % 55
Bo
pref
117% 117%
117 117
11C UO I 116 116
474 100 July 26 126 Jan. 23
99
99% CliJeatgo A Northwestern ...... 11,997 .84% July *2t: 116% Feb. 1
97*4 98H
97
m m 98% 09%
I>o
11r*11
IBS 138 !* 134 138 j 135% 135% "137 138
10Q 128 Alt*. IS 146 Jan. 20
63% 64%; d iic a a s Rock B lan d A Pacific 21,523 51% JuB 81 89% Jan. 23
01% 63 j 61% 63%i 62% 64%
Chicago
St,
Paul
M
im
.
&
ura.
33
33 >a 32% 3 2 % 8S% 35
1,77*» 24 J ujy 26 58% Feb. 9
34% 35%:
08 110
it}105 | 109% 109%
Bn
pref
105 112
200 94 Aiur. 23 121 Feb. 3
35%,; 34% M % Cievc\ ( Ineln. Chic. A St. L..
3,585 25 July 26 60% J an. 23
XiH 3 4 % 34% 34% 3 5
Bo
prof.
78
78 1
25 74 Oct. 16 98% Jan. 30
19% *30% Cohtndoia HocMng. Val, A To!
20
"»Vi" * i» % ; • 19" "lV*% 20
32% Jau. 19
075 11% Aug.
*60
00
Bo
pref.
60
5S % A it*. 2 73% Jan. 17
&$ I * m
'SO
66 i **m
129 «a 130% 130 i m f 332 135%: 134% 130 Be h*ware A H u dson ___. . . . . .
5,907 102% J u ly 26 139 Jan. 27
1*51** 161% m m i6 2 % 162 m 65 ’ x lb 3 % l6 5 % Bela ware f gtekaw aimacfcWjesi
1.788 127 July 2' 175 N or 3
*#% 10%
Denver A Mio B rand© . . . . . . . .
8 % J w1y 13 18 % Jan, 21
gggt% 31
i*t>
p ref,
30
30% 30% 31%
31% 31%
M l 5 *24 July 19 57% Jan. 23
%
1
*%
% Bast Tennessee T a. A O n ......
% J n ly 3
5% Feb, 4
*%
*%
15
*5
Bo
Sstpsef.
r5
15
*5
15
15
10 June 3 35% Feb. 3
f>
5
*1
5
Ite» *
2d pro!.
*1
n
5
*1
2 July 7 11% Feb, 3
55 Braunsvm# A Terre H a u te.. . .
55
*48
*48
100 48 Bee, 2*2 152 Jan, 12
•50
SO
m
100
102 103
100 100
1,050 lOO Ju ly 27 142% Feb. 7
low 100
Oreat Northern, p ro f..............
1 J o ., 86 Ju ly 1*1104 Jan. 25
90%: illinote C ontra!.« .„ , . ....._____
80% 80% m
90 j 90
89% 00
7
6%
Iow a o n t r a l . . . . . . . . . . . . . . . . . .
0
0
400j 5 July 251 II Jan. 25
«% !
28
24 | 23% 26%: "26
24
*22% 24
Bo
pref.
* ,» ™ 12 July 27s 37 Jan. 16
1,100
■13% 14 Lake .Erie A Western . . . . . ____
14
14
14%} 14
14
14%
1.40ft! 12% Ju ly 27j 25% Jan. 14
*62
04
63% 6 3 % #3
Bo
prof.
63 | ■«i% m
1221 53 July 31 j 82 Jan. 18
119% 120 j 11*% 120% 120 i s o y 121 r n
Cake » o » A Mieh. Southern
4,247s 104 July 31 134% Apr. 8
99% 5f%J
■*%
L..-SC B lin d ..............................
99% 1,00 I *99% 101
turn, 90 Ju!y 27 118 % Ja-n. 21
43 V* 44**! 43% 18%; 41% 4 4 % ji.ou 0 rlllr A Nashville............ 69,331; 39% I tec. *28 77% Jan. 21
u » » 43 \
*8
t» 1 *8% 9 jlauitev. New Alb. A Chicago.
0 * 8; 8 % J uty 27 j 27 J an. 14
84»
s%
«*•
8*»
ft
ft 1 *1% . 5 |lA**ii»e'|lle: s i. Imiiite A; Tesm.*,
ft f
■m
*1%
, 4 2% N or. 27. 27% Jan. 16
122 ! ■ *. 123
124 ‘ 122% 123 |Manhattan Elevated, e o o*ol.. 3/2 59 100 J nly 26 174% J an. 13
22 123
*00
m
00
07’ Michigan Central................
MtiH M M 97
115 70 % A » g. 2 1 1108% A pr. 8
mm
10
10
m | 10
j t
11% 11 %|Mlan-* apoU» A i t . E , tr. reeta,
10
1,1.8ft I 6 A itg. 8 1 19 % J an. 14
30 I 2S
Pi j
l*o
pref.. tr. recta
*20
80
8311 18 July 31 U 9 Jan. 16
*13%
8 Ju ly 19 16 Jan, 25
1
4
i
Mteic*«ri
K
sn»n*
A
T
o
a
a#
13H T f % 1 3 V 1®
325
13%
24
25 f
po
m f.
23 1 23%
•-'VH 28
1.75'
* l :i% J nly 27! 28% J an. 16
»%
h.c
18%
2
!
Paeifle
.
.
.
.
.
.
.
.
30,435’
10%
J illr 20f 60 Jan. 21
u<>» S#%| a»«*
i» S
950
0% July 2 6 ; 37 Feb, 18
15«9 15% 13% 15% I t i *17% 0 0 Moh.1% A Ohio . . . . . . . . . . . . j
m
08
US [Nashg.CTtftlKuNws^iiAsEBtrttiJi
55 Aug. 141 90 Apr. 18
.....
W7% New York Ceiitrai A lin d e n
90% 0 8 % 05%
#7% ! 97
15,624 92 July 26 111% Jnn, 25
15 m m York Chicago A SE
14
8O0
9 "4 July in 2 0 % Apr. 8
18% 14
* 1 3 ^ H i 14 % 14%
m 1 •00
m | ’ Oft
I
Bo
tut p re f..1
m
45 Ju ly 26; 78 Jan. 23
30 j
*20
m
*27
lOO; IS July
41 Apr, 5
Bo
2 d p r e fJ
9 0 1 30
7% July 26; 20% Jan.
14% 14^1 14% 14%. u % M m 13% 14%|New York I ak* Erie A W«***pn; 4*120
15o if* July 2i* 88 Jan. 24
*2*1
2S%|
IN*
pfftE'
20% a n w
»% u
9% Bee. 30 52% Jan. 17
9% 10% New York A N*'W Kogimtiil ,, 74,711
7% 10 t
7% !« > .
90 188 eept,2s 202% Jfth. 18
18# %m *180
,t**'*'*’ "| 100 its* N«*« 5 or& NV« ii »y« » ' a Hart.
105 i
.* h«’i-. IfT 88 Jan, 24
.........jKpw York A Northern, p rof..
544, 15V " 15% »*% T s % ‘ 15% N# w York O ntario a W miern
11 Jsily 18 19% Jan. 20
T fii d
14 M
14 M V 14% 15 | 15 15%[New 5'orfe fe**»*|, A West.., now- 1,560 h July 27 21% Jft«. 23
41k
41 « Ml 4,f
4*I:%1
Ilti
40
41
It
p u tt;
1.721 ill Aug. I*' 73% Jan. 23
. . . . JNlirfolk A Vt&*U’t n ,. . . .
?>% July 311 9% Jan. 10
*18*. 20%! 20
100 16% Ju ly 19) 39% Jan. 23
S o’ t ; Y i % ;
Bo
*35%
p m ic
4 % 4 % ^Northern Pnclflie.......
4%
47
......
M% Ait*. 191 18% Feb. 14
4%
«%
4%:
4%f
Bo
1«% 17%;
18% I t 1 IS ' 18%' 10% 18
pref j 6,-1Ml 1ft% Aug, ml 50% Feb,
•g*.* if>lil«l A M lwiM ippi.......
..***»! 11 July *>-». 25 Feb. l
*20
*SM!
49 Jau. 25
•20
m
*o> [Ohio Southern. ,
,5#
no
« . . . » . f 3 8 May
' 00 2ft Bub, 2 H S4% Jan. 28
*24
24
*J
>
ifrwgon
ICy
a
NaOcwBott
Co
$4
*99
m
24
m
25 Jan. 10
5%
4.20
1% Bee.
4%
5% O irgon ah. Line A Utah North
4%'
4%
I
4%
4
610
ft | •4% a
■ •
:- ’
4 July 26; 18% Jnn. 21
5
10% 20 pnliadelpld t A llrm ttli£........
17% i f *
17% IP%
17% IS
0,120 12 Jul • 2»! 53% Jan. 25
100 JO Bee, 28' 21 % Jan, 24
*11
12
12
m
1;2 “ M I
•It
14 ;i*itint«irg <Tnn. CTilc. A s i. 1..
40 July 27 62 Jan, 24
Bo
pref.;
*41
44 J *40% 14 j *40% 44 ) * 10% 45 I
*2%
t% him, 1 0 'ilia Feb, 3
2% Rich. A W3 ICT«rtnT, tr. rert«
2,100
*2%
2% 10 Aug. 24 ; -18 Feb. 6
B#
p r o l tr.. t o o ts .;
I «#«*** i
10 O c t ft! 22 Jnn, 25
”:Rlo iJ rmiiio We# tern., * ........:
4 0 Sept. 6 62% Jan, 28
Bo
pref.-,
4%
5% July 31
7% Jan. 18
1,350
#3%
4
4% St* B ools 8on.tli'Wc4tofm.
*3 ' 4
■ 4 f
*
n%
6 July 26' 1ft Jan. 18
1,035
7%
«
B
o
prof.
»
7%;
t»
J
«%
?
*24
22
Aug.
H»;
47%
Jan. 18
112
27 | 25
26 St, Paul A B a t M U k . *■*......
•24
fft
•24
• ii
86 Bee. 2 9 ’ 108 Jan. 36
8s
Bo
prof.
Iff f
*80
lift
July
27
1
16
%
Feb. 14
102
102%
m,.
Paul
m
a
n
.
A
HM&itmm...,,
1.04
32
n*«i
401
•101 105
2 0 % 20%
2,86*2 17% lief*L 15] 35 % Jan. 16
21 % Southern Paeitlo Co.
f t { 20% ■-•IV 21
|l
J.J
7%
!
11
J
an. 19
4% July 9-8!
Jan.
1,650
7
8 % T rx iw 4 Pacific.......................i
7»,
7%
1 ‘4
5 Toledo Ann Arbor A N. Sfieh J
5% Bee. 30 40% Jan. 31
nm
0%;
«% !
5%j
5%
«%
*38
*38
*88 45 { *as
22% Aug. 29 50 J an. 17
45
43
45 T«rt#ilo A B blo OewKnl.**..»*.|
*TO
HO
§0
Bo
p re f. | * 50 67 i e p L l l i 85 Jan. 7
75
*70
7S i •T(,
SO
27
17H 1**% Ctitan Paci f i c,
7,590 15% July 26,
IS
17% i i ! 17% 18%
,
!
I«%
f»
380
3% Caiof* Pari fir IteSTCr A tlu lf.i
•4
4% Bee. 28 18% Jan. 16
•1%!
3 1 •4%
5 I
m
•iOO’ 5% July 31 12% Feb. 9
6 1
0% W f t t m a i t . . . . . . . . . . . . . . . . . J
11% • m
0
0m
13%
13
14 i 13% 14 j
0% July -iflj 201. Fi'ti. 7
Bo
pref. | 4/155
f.*4» 18%
12% 13%; WheeriBjr A L ata E rin.. . . . . . . J 2,205 10 July *i»l! 23% Jan. 17
12%
12% 13 ] 12% 1 3 V
67% Jan. 1 7
f S 0 : 31 July
4»>»; *17
4®^ §
Bo '
prof J
47%. 47
47%;
15% Jan. 2 3
105
6 | *4.%
«v
4% Bee,
ti%'WL»ci>n«lti Centrml C om pany^
«% !
*4%
,tf l»c.ell*i*»e«*«ifc S toctea ,
2S% 28% tS
09%i 2S% 28% 28% 5W% American Cotton Oil C o.........! 3,173 24 July 26 51% Mar. 3
61 I 63%
65
63
65 ! 6S
0B
10*
pref.:
1,2091 50 Ju ly 26 84 Feb. 14
77% 79 V 77% 78 % ;American Sugar Refining Co, 159.377 01% July 31 134% Feb. 6
70% S0% 78% 70
S i% 82 :
79% 82%' 80% i t I •Sf*% s m
‘J,327' 60% July 31 104% fan. 19
Bo
pref.
09% 71 %! 70
7 0 | 72% 72 V 73 ’ 73 Am erican Tabasco C o. . . . . . . 2
3,007 43 July 31 121 Jan, 3
•90
35 I *P0
95 ( 03
05 1 *90
175.’ 75 July 3 1 1 1 0 % Jan. 3
®8
Bo
p r e f/
00% 01% f .80% 61 ! 01% 62 %f 61% 62% Chicago Oak Co., B ast roc*t»..; 46.493' 39 July 31: 9 4 % .fan. 21
*8
*10
12
*7
t o : *7
10
......
H% A ug. 29 25% Feb. 7
10 Colorado c « n l a Iron B ev el..
1.330 1.7% Aug, 1ft 72 Feb. 14
22
21
23%
24 ! *23% 24%;Colorado Fuel A Iron . . . . . . . .
24
125 ism 1 123 1211
123% 2*1 : 125 126 Consolidated Oa* Company .
675S’108 July 27.144 Jan. 20
22% 24% Di*tiUiti*r A Cattle Feeding Co 70,167 1 2 J u l f 3 1! 66 % J an, 3
21%
21% 22%
20% 13
32% 33% f 30% 32% .81
:u>< 32% 33% Oen^rst felsottio0t>.. . . . . . . . . . : 40,0U 30 July 29 114 % J an. 16
20 j- 110
1.918 \7 Atig, 25 f|147 Feb. 10
2 0 V U9% 10%:Na.tio«fti Cordage Co., n e w ...
19% *20
20 122 A »»%. 23 119 % J an. 2 0
"42
4 « \ "42
4S I H i
IS : *42
47 ■
Bo
p r e f.,
22%' 22% 23%'' '28% M ’-; 24% 25% ’Natloiial t a d C o .. . . . — — ; 8,858 18% J u lr 27 52% Jau 21
22
6S I 0 7 ’
l)o
p r e f .:
48
m . 09 69 i 69% 00 %j
075 48 July 2 0 96 Jan. 20
3%
3”% 3 V;North American C o ...... . . . . . .
2% Aug. K1: 11% Mar, 24
3%'
1,370
3%
9%
*11
15 I *11.
8 Aug, SH 21% Feb. 9
*1.1
Ml,
15 .Oregon Im provement C o ......
V> ! *13%
13
* 240
8% July 27j 27% Jan* 3
14,
15 .Pacific M ad . . . . . . . . . . . . . . . . . . . .
♦IS
i # I •SO
m . so
. ..s,. 79 I; Pipe Line- CertMlcatea. . . .. ....
m
4,000 52% Jan. 38 79 % Bee, 15
102% 102% 162% i#i5 ; 165 187
165 165 IPiillrnati
1,104 132 Aug. 1 1206 Apr. 12
Palace Car Company
f
.. 02 June 29 84% Jan. 18
Silver Bulli^fi
f ,3 10 10 % All g. 10 37% J an 14
Coal A Iron ,______
14% 14 V
14% I t v
15V
t b
15V l5%;Tenne«3Mso
15V
. . . . . . 59 July 31 102 Jan. 3 1
Bo
prof..;
•39
300 17 Aug. 17 00% Apr. 3 8
40
*40
4ft " 40
4 0 : 40
41 f ia lt o l 8tate.« Rubber Co
m ! 40% 63%
85*, 84% 85% Western Union Telegraph .. . 113,200 67% July 26 101 Jan. 20

‘ These are M 4 and m k m l: an sale made

I Old eertlfioatea*

i First Instalment paid.

! Second Instalment paid.

[V ol .LV III.

THE CHRONICLE.

36

NEW YORK STOCK EXCHA.NHE PRICES (Continued)—liYACTIFE STOCKS.
Jan

I n a c t i v e St o c k s
f Ind icates unlisted.

Bid.

K a llr o a d S to c k *.
A lb a n y & S u squehann a.............

5.
A sk .

R a n g e ( s a le s ) i n 189 3 .

R a n g e ( s a les ) in 1 8 s

J a n . 5.

I n a c t iv e St o c k s .
H In d ica te s un listed .

H igh est.

L o w e s t.

(% Indicates actual sales.)
B id .

A sk .

.

H ig h es t.

L o w e s t.

TOO
162

170

.1 0 0
17
14
B rooklyn Elevated f ----- --------- .1 0 0
29
Butlulo Rochester A* Pittaburg. 100
bu
l
o
o
7
-A
P referred.......................................
SO
B ari. O d n r Rapids & N or........ .1 0 0
14
.1
0
0
1
5
%
C entral Pacific................................
50 14*4
6ia
1
0
0
5
1
*
D f » Moines A Fort D o d g e ----35
.1 0 0
0
D iluth Ho. niiore *5; A tla n tio !i .1 0 0 :
14
15
Preferred 11................................... 100
17
.1
0
0
Flint A Pere M arquette.............
P referred....................................... 100 . . . . . . . . . . .
3
6
.1
0
0
G eorgia Pacific T ru st e t f s H ...
3%
5*4
G r. Bav W in. & S t P. t r .r e o ... .1 0 0
.
.
.
.
..........
100
Preferreil trust re cts..............
2*4
100
.1 0 0
10
7
K an aw h a A* M ich igan ................ .1 0 0
5
K eoku k A D es M oin es................ .1 0 0
.1 0 0
.
.
.
.
L oulav. E v a n sv . & 8 t. L . C o d a . 1 0 0
.1 0 0
24
3 5 is
L ou. N . A . & C h ic.,p re fe rred . .1 0 0
105
50
IcO
50
.1 0 0
50 j i s i
N . Y . Lack. A W e stern .............. 1 0 0 ; n o % i i i
53
100
4
P eoria & E a ste rn .......................... .1 0 0
8
14
8
Pitta. F t. W ayn e A C h ic a g o ... 100
26
27
P itts. A W estern p f ......................
50
R en sselaer A S a ratoga.............. .1 0 0 175
R om e W a t .A O g d e n sb u rg h .. . 1 0 0 1 08is llO i s
19
30
Bt. Louis A lto n A T er. H au te.. .1 0 0
P referred....................................... .1 0 0 145

....

150
98
19
20
70
45
16is
135
4
22
5
11

1 414

4d

Aug. 175
Aug.
D ec
Hept.
Ju ly
Deo.

1 0 2 is
41*4
37
86%
65
29%

8

N ot.
Jan.
Jan*
J an.
Jan.
.Ian.
Jim .

I M lw e e lla i i e o i is S t o c k s .
A d am s E x p r e s s ............................... .3 00
Am erican B ank N ote Co 11___
Am erican E x p r e s s ........................ .1 0 0
A m er. Telegraph A C ab le......... .1 0 0
100
100
100
100
Colorado Fu el A Iron, p re f— .1 0 0
C olum bus A H o ck in g C o a l___ 1 0 0
Com m ercial C a b le......................... .1 0 0
Consol. Coal o f M a ry la n d ......... .1 0 0
Edison E lectric Illu m in atin g.. 100
100
L aclede G a s ...................................... 1 0 0
P referred ........................................ 1 0 0
I.ekiKk <fe W ilkesburre Coal H .
M aryland Coal, p r e f.................... 100
100
Preferred........................................ 1 0 0
100
N ational L in seed O il C o ............ 1 0 0
N ation al Starch MfK. C o ............ 100
New C entral C o a l.......................... 100
100
P en n sy lva n ia C oal. .T ................. 5 0
100
Postal TeloKraph— C able IT___

si % J an.
24
M ar
1414 Jan.
32
Jan.
23
Jan.
77*3 Jan.

Ju ly
Ju ly
July
Sept.
A u g.

14% ja n .
D ec.
3
June
11
2 9 7e Jan.
O]
71-2 Mar.
86
91
Feb.
10
14*<* Jan.
Sept.
5 7e Oct.
5 78 O ct.
30
9
A uk.
27
M ar.
4 7 1« beb.
34
D ec.
45
O ct.
M ar.
100
Mar. 1 0 0
1
0
5
M
ay
105
M ay
136
99*4
50
3
140
2b
150
9 9 ts
20
145

* N o p rice F r id a y ; la te st p rice this w eek.

Aug.
A uk.
Ju ly
A uk.
A u g.
A uk .
A uk.
N ov.

163
114
60
9%
156
4 2 i*
179
1 1 2 is
37%
1501$

17

M ay

Jan.

Virginia M id la n d ........................... . 1 0 0

M ar.
Jan .
Feb.
Jan.
Feb.
Apr.
Feb.
Jan .
M ay
M ai

Q uicksilver M in in g .......................
P referred........................................
T e x a s Pacific L a n d T r u s t........
U. 8. E x p r e s s ..................................
U. S. R ubber p re fe rred ..............
W ells. Fargo E x p r e s s ................

$150
48
no
86

Jan.
___
100
A u k . 1 2 0 % Feb.
92*o Feb.
65> k A u k .
4
June

151
52
114
90

134

93%
55
60
5
;
7%
180
117
* 24
26
........ . 7 1 %
; 97
32*4
16
15
9%
65
70
48
*25
22
22
46
40
55
70

23 h
8
280
50

100
100
10
100
100
47
100
82
1 0 0 $123*4

49*2
64
I t 's
6
6

25*4
8%
9%
315

260

Aug. 1 6 0

Jan.
Sept.
D ec.
J u ly
Feb.
M ay
A uk
Dec
auk.
Au k .
N ov.
A uk-

109
111*2
293s
185
31
131

Jan.
Jan .
Jan
M ar.
Jan .
Feb.

26
74%
25
67

Jam
Feb*
Jan .
A p r.

D ec. 1 0 0 78 Jan .
M ar.
41
Jan .
J u ly
Ju ly
3 4 % Jan
A uk.
I D 's Jan .
June 3 0 0

M ar.

83%} Feb
16% M ay
3%» F eb.
1
%
Dec.
2 i4
1 1 %! D ee.
20
F eb.
15
734 O ct.
1 3b ! Feb.
52
43
AUg.
7 0 1* Jan .
51
Aug.
99
Jan .
85
120
N o v . 1 5 0 A p r.
55

4 7 % N ov.

i A c tu a l sales.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS JAN U ARY 5.
S E C U R IT IE S .

B id .

A la b a m a — Claes A , 4 to 5 .........1 9 0 6
C lass B , 5 b .................................. 1 9 0 6

95
97
93

C urrency fu n ding 4 s .............. 1 9 2 0
A rk a n sa s^ O B .fu u d .H o l. 1 8 9 9 -1 9 0 0
da. N o n -H olford
7 s , A rk a n sa s C entral R R ...............
L o u isia n a— 1
7 b , c o n s.................... 1 9 1 4
N ew eonols. 4 s .......................... 1914
M isso u ri— F u n d ................ 1 8 9 4 -1 8 9 5

4
150
2
110
94%

A sk .
102
105
97
96
12
10
96

S E C U R IT IE S .

B id .

N ew Y o rk — 6 s , lo a n .................... 1 8 9 3
N orth Carolina— 6 s, o l d ............ J& J
F u n d in g a c t ................................ 1 9 0 0
N ew b on d s, J & J .......... 1 8 9 2 1 8 9 8
C hatham R R ...... .................................
Sp ecial t a x , C lass I ..........................
C onsolidated 4 s ........................ 1 9 1 0
6 s ...................................................... 1 919
Rhode Isla n d — 6 s , c p u .. 1 8 9 3 -1 8 9 4
South C a r o lin a -G s , n on-fu nd.188 8

New York City Rank Statement for the week ending Dec.
SO, 1893, is as follows.
We omit two ciphers (00) in all cases,

B a ik of N ew Y ork.
M mhattan Co..........
Merchant s’ .................
Mechanics’ .................
Am erica.......................
Phenix..........................
C ity................................
Tradesmen’ s..............
Chemical......................
Merchants’ E xch’ge
Gal Intin N ational...
Butchers’A Drov’ rs’
Mechanics’ A Trad’ s
Greenwich..................
L*jither Manufac’rs
Seventh National...
State uf N ew York.
American Exch’ ge..
Commerce...................
Broadway...................
Mercantile.................
Pacific..........................
Republic....... . . . . . . .
Chatham........ ..........
People’ s .......................
N orth Am erica........
H anover.....................
Irv in g .........................
Citizens’ ......................
N assau.........................
Market A F u lto n ...
St. Nicholas.............
Shoe A Leather........
Corn Exchange........
Continental...............
Oriental.....................
Im porters’ A Trait’ s
Park............................
East R iver..............
Fourth National—
Central National___
Second N ational...
Ninth National.......
Flrat Nation a '.......
Third National.........
N .Y .N a t Exchange
Bowery........................
New York County.
German-American.
Chase National......
Fifth Avenue..........
German Exchange..
t M f m u i l ..................
Doited States.........
LIT coin........................
Garfield......................
Fifth National ..
Bank o f the Metrnp
W est Side.................
Seaboard
___
Sixth National.......
Western N ational..
First N at., Br'klyu.
Bon>hem National..

C a p ita l S u r p lu s
$
2,000,0 2.101.4
2.050.0 1.669.4
976.2
2,000,0
2,u00,0 2.067.5
3.000.
0
2.220.9
1.000.
0
463.9
1,000,0 2.739.0
193.5
750.0
800.0 7.321.9
177.0
600,0
1,000,0 1.584.0
300.0
318.9
424.7
400.0
170.1
20h,0
548.5
600.0
300.0
ic y , a
1.200.0
504.0
2.449.8
5.000.
0
3.570.6
5.000.
0
1.000.
0
1.555.6
1,000,0 1.114.7
422,7
469.6
1.500.0
B64.9
953.8
450.0
333.2
200.0
700.0
651.4
1.000,0 1.928.0
345.6
500.0
600.0
465.6
500.0
286.1
750.0
822.5
1,000,0
1.000,0
1.000,0
300.0
1.500.0
2,000,0
250.0
3,2t'0,0
2,000,0
300.0
760.0
500.0
1,000,0
300.0
250.0
200.0
760.0
600.0
100,0
200,0
200,0
500.0
300.0
200.0
200,0
300.0
200.0
600,0
200.0
2.100.0
300,0
1,000.0

291.3
1.251.9
294.6
425.2
5.700.8
3.135.6
187.4
2,130,5
543.3
511.0
352.4
7,316,4
140.2
161.3
540.5
570.1
314.0
1.185.7
1.036.0
628.1
586.6
512.4
449.8
600.6
330.6
773.7
202,2
246.6
341.6
220.6
837,7
166,6

L o a n s , j S p ecie.

L e g a ls . D ep o sits.

$
$
11.940.0 2.320.0
11.495.0 5.292.0
8.305.0 2.900.9
8.081.0 1.301.0
16,717,7 3.465.3
4.377.0 1.054.0
18.294.1 12,828.0
315.2
2,098,8
22.698.0 8.335.3
503.6
3.856.7
5.526.8 1,210.8
1.523.8
335.0
2.360.0
185.0
3 66,0
1.051.7
3.046.3
450.8
178.7
1,44 8,5
153.7
2.689.3
26.156.0 3.308.0
18.073.2 3 ,'3 4 .0
5.233.5
804.3
7.916.5 1.649.4
2.373.4
561.0
9.606.0 2,193,7
5.261.2
613.3
242.3
1.744.9
4.866.8 1.120.0
19.042.2 5,951.u
2,25 *,0
4bO,3
2.4
35, c820.9
2,< 30,0
5J4.9
4.565.9
b46,6

$
$
3.630.0 13.800.0
3.040.0 16.899.0
2.747.2 12,095,9
7.894.0
2.050.0
2.484.8 18,547.3
393.0
4.433.0
2.472.5 29.795.7
531.1
2,293,4
2.420.0 25.946.0
758.3
4.251.3
1.988.3
0,161,0
457.2
1.797.1
440.0
2.410.0
197,9
1.063.0
423.1
2,468,9
295.1
1 .6 6 /, 6
921.8
2.403.1
3.528.0 17.847.0
9.946.7 21.550.0
985.4
4.914.0
1.5
9,3 8.313.1
782.6
3.394.2
2,47 2,9 12.029.5
1.442.1
6.850.2
696.0
3.021.4
1.606.4
6.033.8
2.189.9 18.276.5
686.0
2.570.0
7 /0 ,t
3.515.4
49 h, o
2.533.2
699.7
4.469.0

364.0 1.508.0
2.787.0
8,660,8
432.3 2,116 0
4.337.5 1.423.6 2.126.0
630.2
19ft,5
l,706,t
19.118.0 4.811.0 7.990.0
21,311,6 5,052.3 6.182.8
308,6
126.0
1.047.4
20.67U,5 4.875.7 3,3ft5,i
6.623.0 1.399.0 2.967.0
856.0
722.0
4.049.0
837.7 1.103.2
3.183.7
21.849.1 3.921.9 4.048.8
5.981.1 1.585.0
448.9
85,4
246.5
1.178.9
2.500.0
478.0
576.0
7 6 ft,4
2,907,
106.9
637.4
468.4
1.091.1
9.681.8 4.443.6 3.634.5
5.415.0
8e5,o
934.8
2.513.0
258,ft
616.6
2.531.6
328.6
692.9
4.684.3 1.391.6
838.5
781.0
4.338.6 1.075.7
488.2
927.1
3.510.2
204.8
455.2
1.663.6
656.6 1.427.6
4.073.5
2.053.0
290.0
426.0
706.0
860.0
4,000,0
1.627.0
175.0
220,0
9.709.6 2.185.5 1.166.9
4.398.0
311.0
886,0
1.836.1
64,0
435.0

3.797.0
9.221.2
7.125.4
1.914.1
25.630.0
28.579.8
1.039.5
23.802.0
10.470.0
6.052.0
4.414.3
22.978.7
0,776,0
1.102.1
3.148.0
3.345.0
2.211.6
15.921.8
6,0-12,4
3.142,2
3.201.1
6,368,6
6.245.9
4,996,8
1.861.4
6,5>'4,G
2,291 0
4.947 0
1.360.0
10,6*0.0
4.487.0
1.482.2

Total..................... 60,422,7J 71.596.3 417,606,9 1063104 1011082
506,437,8

S E C U R IT IE S .

30
10
15
2%
5
2%
3%
96
ICO
118
125
100
2
1%

B id .

A sk .

T ennessee --6 s , o ld .......... 1 8 9 2 -1 8 9 8
6 s , n ew b o n d s ...........1 8 9 2 -8 -1 9 0 0

........

—

C om prom ise, 3 -4 -5 -6 s .............1 9 1 2
N ew settlem en t, 6 s .................1 9 1 3
5 s ............................ .........................1 9 1 3
3 s .......................................................19 1 3
V irgin ia fu n ded d ebt, 2 - 3 S ...1 9 9 1
6 s , deferred b o n d s .............................
6 s , deferred t’ st r e c ’ts, stam p ed -

107
100
102
96
72%
555s 5 6
6
7

New York City, Boston and Philadelphia Banks:
Vapual <fc
Surplus.

Ba n k s .
(00s omitted.)

A ek .

N. Y o r k .*
Dec. 2 . . . .
“
9 ...,
“ 16----“ 2 3 . .. .
“ 3 0 . .. .
B o s t o n ,*
Dec. 16 ___
“ 2 3 ....
“ 3 0 ....
Plil I n . *
Dec. 1 6 . .. .
“ 2 4 ....
“ 3 0 . .. .

Loans.

$
$
132,527,8 409,490,1
132.649.2 412.343.0
132.649.2 415.421.9
132.019.0 4L6.287.0
132.0
9,0
417.606.9

Specie.

Legals. D eposits, t Circ’ Vn C lea rin g.

$
$
1043688| 93,5 84,4
1049095 94,856,5
1035482 96,508,4
1045207 98,129.0
1063164.1011082

$
138582
136021
134564
132565
131119

*
500.968.6
537.606.6
501.964.6
514,500,9
428,132,1

64.642.9 165.959.0 11.765.0 9,695,0 157.082.0 9.025.0
64.642.9 168.318.0 11.957.0 10,054,0 156.851.0 8.844.0
64.642.9 165.945.0 12,590,0|l0,021,0 158.104.0 8.867.0

86.165.3
81.738.4
67,451,6

35.810.3
35.810.3
35.810.3

60.033.5
62.188.5
49,187,0

97.967.0
97.905.0
97.307.0

99.738.0 5.323.0
99.487.0 5.323.0
100.930.0 5.220.0

32.199.0
32.581.0
33.337.0

* ti e om it tuto ciphers i n all these floures.
delpbia, the Item “ due t o other bunks.”

$
487,345,2
492,8'»2 3
495,551,'.
498.847.7
506.437.8

+ In c lu d in g

tor Boston and Phl/a

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M i s c e lla n e o u s B o n d s .
M i s c e l la n e o u s B o n d s ,
Ch, J u u .A S. Y d s .—C o l.t.g ,5a
95 b. P e o p le ’ s G as A C . ) 1 s t g. 6 s .
95 b.
C olorado F u el—G en. 6 s ...........
C o., C h ic a g o -----) 2d g. 6 s .
95 b.
Col. <fc H o ck . C oa l & I . —6s, g * 95 a Pleas. V a lle y C o a l- 1 s t g . 6s.
95 b.
C on sol’ u Coal—C o n v e rt. 6s.
10L b. P r o c te r A G a m b le — 1st g . 6s
Cons.G aa C o..C h ic.—l s t g u .5 82 a. S u n d a y C reek C oa l 1 s t g 6s..
D env. C. W a t .W k s .—G e n .g.5 W e s te rn U n io n T e le g .— . . ♦ i i Y b.
D ot. Gas co n . 1st, 5a ..................
W k e e l.L .R A P .C o a l— 1st g 5e
70 a.
E ast R iv e r G as 1st g. 5s.........
80 y j .
U n lis t e d B o n d s .
E d ison E le c . 111. C o .—1st, o s . 103 taa. A la . & V ic k s .—C on sol. 5 s , g .
E q u ita b le G. A F .—1st 6 s ___
93 t).
V ic k s . A M e n d . 1st 6s .......
H en d erson B r id g e —1st g . 6s. * .0 6 b. A m er. D ob. Co. c o l. tr. o s . . . " ¥ K a .
H obok en L a n d & I m p .—g . 5s
C o m sto ck T u u n e i—I n c . 4 s ..
9 D.
M ich .-B en in . C ar 1 s t 5s, g ___
00 ’ b. Geo. P a c —1st 6s g. c i f 3 .........
90 a .
M u tu al U n io n T e le g - 6 s g ._ m i
b
2d m o rt. i n c o m e ....................
N ational S ta rcb M fg .— 1 s t6s.
89 a.
C on sol. 5s, g. c t f s .............
30 a .
N o rth w e ste rn T e le g r a p h —7s.
i n coin e 5s. c t f s .......................
10 a.
P eoria W a te r C o.—6s, g ......... . . . . Mero.ACliarleston—Con. 7 or
N ote *—** 6 ” indicates price b i d ; “ a ” price asked• * Latest price this week

Bank Stock L ist.--Latest prices of bank stocks this week.
B a a J fS ,
A m e r ic a .......
A m . E x c h .. .
B o w e r y .........
B ro a d w a y . ..
B u tc b s ’ A D r .
C e n tr a l.........
C h a s e .............
C hatham .......
C h em ical —
C it y ................
C itizen s’ ........
C o lu m b ia ___
C o m m e r c e ...
C o n tin e n ta l.
Corn E x c h ..
D e p o sit.........
E ast R iv e r ..
U t h W a r d ...
F ifth A v e .. ..
b ift h ...............
F ir s t..............
F irst N., S. I.
Fou rth.

B id.

A sk . |

185
145

200
150

230
170
110
450
3 :0
4000
4 25
135
215
172
120
260

260

-BA N K S.

......

112

!G a lla tin .........
,G arfield.........
G erm an A m .
'G erm an E x ..
G e rm a n ia __
(G re e n w ich ..
! H a n o v e r .......
'H u d . R iv e r ..
Till. A T ra d ’ s ’
1r v i n g . .
j Lea th er M fs ’
L in c o ln .........
M a n h a tta n ..
M a r k e tA Ful
M e ch a n ics’ ..
M ’ c lis ’ A T r s ’
M e r c a n t ile ..
M e rch a n ts’ ..
M e r ch ’ ts E x .
M e t r o p o lis ..
M t. M o r r is ..
M u r r a y H ill

190

200

TVew Y o r k .

140

..

125
.........

400
4800
155
180
130
3u0
155
......

2000 . . . . . .
......

2500

B id

A sk .

BANKS.

B id.

A sk

300
120
325
! 55
310
150
5o0
140
210
180
210
170
150
200

N in t h ...........
19th W ard .
is o
.....

350
600
160
225

275”
115
160 1

110
450

190
225
190
200
225
150
125
500

S o u t h e r n .. .
S ta te o f N. Y . 100»fl
T h i r d . ..
.....

220

235

W * « t s id e ’

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

93

......

114

THE

J a m a h y 6, 1884.J

CHBONICLE.

37

BOSTON, PHH.AUEJLFHJA AND BALT! SO BE STOCK EXCHANGES.
A c t iv e S t o c k i .
f I Meat*# unlisted.
Ateli. T A 8. Fe ( Bottom ) . 100
Atlantic A Pac.
"
100
Baltimore A Ohio (Bati.j.lOO
1st ptvierred
"
IOO
24 preferred
*•
100
Baltimore Tc&e'n.fPhU.). 25
Boston A Albany , Motion,
Boston * L ow ell
**
Boston A Maine
'*
Central o f M u *
**
100
Pro tarred
C bic.B ar.A Q m o
“
100
Chic. Mil. A St. P.tPkU .,
Chic. AW. X leb.LBoM eiu.lO0
Cieve. A Canton
*'
100
Preferred___
“
Fitchburg pref.
"
100
Hunt. A Br, Top. (Phila ,
Pre'erred
•*
50
Lehigh Valley
“
50
Maine Central (B atten>.100

E F S h a re P r ic e s — n o t P e r C e n tu m P r ic e s .
Saturday,
Deo. so

M onday,
Jan. 1.

9%
'%
*67 4

10%
1

j
*

16%
200
___ r,
133
*i3
*43
74%
56%

16%
200%
185
139%

*
;
l
*
l
[
*
l

*•50
*2%
72
33

73%
57%

;
1
*

73
35

’
:
;
;
;

37
37%
*5%
5%
w% 10%
ioo
5*
30
35
P -e'erred ___
*•
100
0
northern Central (B ait,). 50
4 N 4%
northern P acino(PtiUa./
E
18% 18%
Preferred
**
100
0
>
Old Co o n y .... fB orloni.100 170% 170%
48
43
*
*
.'5
PhiiS. A Heading
**
6'*14
89
39
PtuladelphtaTrac“
50
;
Summit Branch (B ottom . 50
17%
17%
Union Paetnc
•• 100
t: Rd e l C.)« o f n.J.'Pfiila , 100 222%
3%
W r. tern .5*. Y. A Pa/ PAita-LlOO
t
H i m * U a iie e a • x m x a s .
A
80%
81%
A at.Bas'rReBa.5 (B ottom ____
*
m
84
Preferred_____
14
....
*
IS4
Boll T eleph on e..
«■
lo o I n
J
27% 27%
Best A Montana
"
25
8%
6V
B atteA B oston,.
26
#
3ui>
Calumet A Heel*
"
M r-_'i>:%
-.
*
Canton Co....... . (B a lt.).lo o ; ...
»
Coaw.dtdated<ias
•*
10*>...
43
»
Erte Telephone (B ottom .lOOi *2%
General Electric..
•'
IOO 3JI- 3 3 %
*
|
63
P referred ... . . . .
“
100 *57
*
1 2 % 13
Lain *«n BtoroSsr.
**
50
l
ly h t'b OosOANar ' FMLj SO
52% 52%
N .Eng,Telephone/Bosi'rtilOO
%
3\
Barth American. fP k U ,).U »
3%
SO
10%
Weat Bad Land.. rBotf’n/ . . . .
:
* Bid and naked mneeat So sal* w*a ma<le

at, y. A * , Eng.

*•

In a ctiv e S t o c k s .

Bid.

Ath.

.

Tuesday,
Jan. 2.

Wednesday,
Jan. 3.

9 % 11
%
%
68
68

10% n %
V
%
.
«
123

Thursday,
Jan. 4.
11%
V
67%

115*
A
67%

109% I t 9%
. . . __
16% 16%
16% 16%
200% 201
200% 200% 200% 200%
183 185 *183 185
184 191
133 134% 130 130% 130% 133
12
*13
12
12% 12%
*4 0
46
49
46
-3 % 75
74V
75
73V
76 H
55% 56%
54% 55 V • 55% 56%
25
**50
*•50
•so
•50
*9
*2%
*2
72
72
72%
72
72%
72
r____
......
51% 51%
51
51% SI % SI
36% 37
37% 3 7 %
36% 37
105 10*
105
105
105 1( 5
99% 99%
96% S»-% 98% a s v
5%
5%
5%
5%
*3V
7% 10
9%
7%
« ! 10 %
30% 33%
30
33
3o
31
......
i\
4V
4V
4%
4%
4%
16% 17 V
)-% 19
1 7 % 18 V
170% 170% 171 173% 173 173%
48% 48%
18% 48V * 49% 48V
25
21
25
8>s,* 9
0
»%
9%
9»Ve
HO
99% 90
90
80% 90
17% 17%
22# W 22 mi,.
2%
•2 %

17%
2%

u % 12
•62% -7 51
*68
70
•125
n c 9 110
*16% 16V
20014 200i*
184 184
132% 132%
*12
12%
46% 46%
74% 7SV
5UV 57V
...... ......
*•50
*72
34
•51
37%
105
97%
5V
9%
34
*67
4V
17
•172
4m
9V
89%

19% 18% •18%
*2-2 s $30 *220
2%
2V
2% ' 2 %

18%

76
76% 80V
77 V
79
79% 83
79
81
81%
184 185
184% 185% 185
27
27%
27
27
27
0
0
<*%
9
9%
29 s 2m
800
'im
298
*41
60
53% 54
••>»% 51%
13% 4 3 % 43%
*43
30% :« %
32% 33%
5*1%
50
56
58
58
57
13
It
14%
ViH 13
3t% m
52
52
M%
53
53
5J
53
52
3%
#***•• ******
10% 11
10 % 1 0 % 10%

Inactivs stocks.

Sales
Friday,
Jan. 5,

i_W eek,
Shares.
41.392
310
25

Range o f sales In 1893,
Low est.

Highest.

9 % Dec.
1 Dec.

36% Jan.
4% Jan.
56% July
97% Jan.
..... ..,1 3 5 Feb.
20 110 Aug. 29 122 Jan.
127
20 29% Jan.
317
26,227 Feb.
72i
10'200 Feb.
339
1,173 Jan.
115 10% July 27 22% Feb.
113 46 Jan. 3 62% Feb.
15,434 69% July 26 103% Jan.
26,600 46% July 26. 83% Jan.
__
20 Deo. 9 49% Feb.
200 50c. Sept. 19
6 Feb.
2 N’ov. 29 19% Feb.
100
73
156 69 Jilt}' 31 95 Feb.
34
1 29 July 31 40%
..
Jan.
189 •18 Aug, 16 56 Jan.
3SV
2,189 29% Aug. 3 e s Jan.
100
39 00 Nov. 13 130 Feb.
1(8
2,500 69 Aug. 1 150% Jan.
sv
505
5 June 29 13 Jan.
10V 23,770
9% Deo, 30 52 Jan.
36 ,
917 30 Dec. 30.102 Jan.
68
66% July 26 70% Jan.
t-M
6,915
3 % A u g . 18] 18% Feb.
17V
5,805 15% Aug. 16! 50% Feb.
173
69 165 Aug. 22 221 Feb.
4(-V
3,713 46% Dec. 18! 55% Jan.
24
........ 20 Sent. 29 35 Jan.
10
37,913 6%e July 27 26% Jau.
90
1,329
1 U l % Feb.
5 July H i 9% Apr.
18%
1,573 15% July 26 42% Jan.
12 1U» Aug. 30 232% Mar
2 S o t, 23; 7% Jau.
605
2%

7 9 % 77 V 7SV 32,6*7 62 July 31 134%
81% 82
1,678 66% July 31 104%
91V
1S6 186
050 166 July 26 212
186
2T%
26V 27
3.154 15 July 18; 34%
»V
1,279
5 July 27 12
299 *293 300
104 •47 July 31 320
*62
65
62% Deo.
72%
54
*5 3 % 54
65
255 50 July
43% *43
40 36% Aug.
43%
50%
34
......
114%
11,091 31% Di­
*55
50
57
133 44 Aug, 23 119
n % *13% 15
769
26%
52 V 52
52
54%
323 46% All*.
53
*53% 54
101 47% Aug,
61%
11%
'3 %
240
2% Aug,
10%
10% 10%
1,059
9% July
18
1

Bid. A>k.

Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Feb.
Feb.
Jan.
Jan.
Jan.

16
14
2T
13
IS
24
6
8
26
14
14
21
23
3
33
6
12
9
27
6
28
16
17
IB
23

6

6
6
27
16

2

8
12.
27
13
24
8
19
27
10
17
21
18
10
16
16
18
20
2
20
23
4

Bid. Ask,

Bonds.

(*ru'tt o f Jtsimnry
Perktonwa, 1st »er,,5*.1918, %—J!
B o n d s - B oston ,
A L Top,A .8,F J,5o-vr.4«..l§g9,JA .I .■ <18% 38V ‘
Atlanta A Charlotte, ,.tl,
- 1 ' ozim .X.'B& J& aa, * , « ) 113 l i t
, 32 ; 82 V
20 2»*»4*, if., Cl#Boston A Providence (Bos'wal.lOO m i
tieo. mart., 4 g .......... ls»20, AAO HK(%.........
i 7-8 ; 7i*
Csiifml 0 » , is t a ,.........
Cl* after. A A tautle pf. (PM la.t, 56 20 1 25 ■
PhiU A RaaA. new 4 «.. 1958, JAJj '.••>% 70%
a
3
C S 'M b '.'i
M w r t . R . . . - - , . . . . . . ,...,103!* ;i fill 1
l« t pref. incom e, 5 g. lit./S, Fob 1; 33 : 33%
. . . . . . i,__T.. Burl. A Mo. &te**r M xt JBl’t
*111 114%
Itt
2<1 prof.incom n, 5 %, 1958, Feb. li 21%' '*
....... i 52
........ 1918,JA Ji >104 104%
N«ri*«x»sipi
11 p m ftrrw i..... . . .
3«i pref. Income. 5 g , 1058. Fob. 1
i,
■
. 1 2d, 7 -........................... Im U, AAO 113
Cm%ml Ohio. ........
! 50
FlaJn 4 # ..
i, , __, Cbir-, Burl. A Nor. lst5 .1 0 2 «, AAO 101
tom
C lurL 0®L A- Ausrmtm
*'
%j&Qi
Consol, m ort. 7s........ U iU , JAIM 127
1A
t «X»
C&attmtu-Qi <<&P m *. iBotfoni. I00j
_____i o t i , JAI» ; 00
24 w o rt.
C onsol.m ort. 6 is.........l u l l , JA D 121
C-iafietilic iit E l w - r , , ,a
10Q! 220 J
........ 1890. J a D , .aas..4tl0 :
1
I>#t* wmm & fkm w l BtJ.Pkdm,). it A).
Chic. fltirl.A Qnt&rij4 *,.H > 2 ff P/4A ; . . . . . ! . . . . . . :
<1| t‘ 7% 99
FUat A Fwne M i m .. ,
t&Qj %% ? 15
f«w a Divinlira 4;(....... 1019, , U 5 1 ______ ■- ________J
50
. ; Phil. Head. A 5 . K. 4 * . . . . . . . .
40
W .M idi, «r it. 5a, 10*21, j a h ; SI)
IhrslAfte-tL..
**
im \ m
Income*, eerie- a ,..........
MM ■ &0
:**.*«. - Con*©!. «»f v « n » o iit, 5» ,1913t JAJ
iPhO*>) . 50
Incomes.scries i i ,..........
...... .
K mu Cf j Ft, &»* mrnm, \MmAm\ %m
- CYtrrcul RiVT'f, l.#5E 5#..1»27, A A u , SO 1. . . .t,.,r., ::rPhil. WRm. A Ball,, 4 *. 1917,
......
Prstarrwl
“
100
£J%t. lafttui. A Not' d
lift 116
c m * . C. A 8!. I ., 7*. ...1 9 0 0 .
it*
K. Cttjf M,mm. A Bttm. ** 100: -****•;j......... i. I ikftterB 1»t mort
15•’kee,.*!* bridge, 6 «, 11(36,
f rce-.EIA, AM-V.,1 it, 0t,X #1^* A ^ O 1
ip m a ,)., m .
-hdiuy! .K. I „,-ide. 1*t 5 *.15*39.
J 106%
r>9. . .1033, AAO . *20
■Alcul»ea.A;tit»l,,l*tm,.A*.t5H4
fj?>-«**!iis {f»‘4 i« i, 1
A tm w .. UtotttmhlQW:
101%
M *ry I»s4 O c f i t r i U i Jktil) 50! .........!
7l» •; United v .J .,0 * ..........18 .1,
>: 102
1C*€ . C.A 8|*rt » g. *.1 ?0 ,5 if..l0 2 5 ,A A o ff
. 502§t M&_N , ..
W m m m h b . H*r«& iPAUu.K m '
K & F,S*JlM.
» 2 ,-WermB A Fr*aj£,,i»t. t a,1896,
100
M mqudmmim Y*L*. .
**
§01
fC,C. M o a . A flit., i «V
K ortaem H.
\tomtom, 100
K .(‘, #t. J«>, 4c C. B.» * -.1907, J 4%J
Bonds.—Baitimore.
North
Wmulm.
50!
71 iAil I a m A ( J t o t « l i i 7 #* i
le. Brnk At ¥%, 8.. 1*1*1 .,
110 m
Oregon & xon h im ..J B m U m }. 100
iBwifflft 0 « .„ .......... .'ii
A?# 5% Lou W ,E f. AM.t. L. t i » t,< f . 1.020*A AO }tOS2 1«j 2 1
.......
50.'
2a» ., 5—0 or.............. A 9M * A i O k ..,*
HmlUm***#
l A , hm.VJ
B
., ****** **,,
. lO o
M i l . II. ^ Oat.,
, l#-25. A4eO , . iti#iUmwre A Ouio 4
If
F rel«T «4 *,**..*** *,
i oo ;
Mextern*!
4 « . n m , j s U \ -*«
::::::
t*hcm?4 k fUmmk®. ( M ) 100>
; ......
u*m i $nm m
l# pm fm xm i,..**.,,,,
**
io o ;
i«,
i ,-e.
......
^
Ea4..*-***,.«**..90mtnmfa 00; 40
10%
t . A Wt&K
‘.<905. JAJ- 108% I tO
,***»,**..
**
5o
.......
t> . . . . -----,1 » 0 5 .J * J l o i im §
SO
1*
W«#t I m m j * * * * ,._ .. (Philm.y. 50*
.it. 6 e.......... . 1968, FA A
Iteriwa C., 6 if.****.
1 ...... ......
w m t 4m m f k
**
Oo
IB
0^ 4 tii Ai~< . Cuti.es., ,1926*A AO 1,00
1 .......
m t*m M t iy i a .«
1. 60i
t m . , ........ .........................*.1920 i ........
j
100
ua*.
**
100
ar,
Bu m n, ls t .6 * .. . . . . . -10U2.MAA ‘ 99
80
,
**
it«*
lU0»a n o
............ 16 9 8 .FA A
m. i
Wl*M».O0tii
(Barton}-* lOol * *5
110 115
“ ‘i % :
8 o n o t , —P h iia cie H h ia
F r « f ® r » t »■»**.,***.
** ' lOOi
105
Alle^ttetiT V *te,73-M K ImW*
104% 109
Woto'it.5n#h.ARoch.
w
100 i Y r \ i 2 5 ” ; AtUatlc y'itf 1st 5*. g.* 1019, M&N: IOO
105
4 % i...............................1925,
fu rn'n * t* 1 , l* t, 6*.* U*0iJ#J*klj
ati^crr.ietA^Koc’A,
07 100
Cum., 1 aC» 5 g. HU 1, FA A
MtUlBK* **..**
25;
t * u * iswa, M ,,7 a .,. . . . 1000, FAA | 113
(
40DnBftilfi. lut/B.Wliii, I4&J 108 103%
M to ln f.,.* .,
**
3^1 tl-%
Ciaarfs'r14 A I *?,&,, 1 at, n*. i m i , J,kJ 115
Virginia MuL, U t 6a...HK»J, .Mtk8 n o
112
.
gl:$^ WmmGttK#? B S**, iBmUk. 251
24 Horten, t H .... .... ...1 0 1 1 Mufea 110 112
B%f i i » f « G a »-a * ,..,,
jBr'kr, l i t , 7a ,1005,, f a a | 124
, 50|
7 ? 7%-! D»L A
......
temum I jamhIcm&Ai ca, lutMte5*. 1920, MAN j 107
3 : 3%
lo t
! ...... .......
.
na iaj >|i.eti ?a*...
5«-X010, JA .I,!
4 • Eimisr* A Wi
t#|
3 A
! 95%
5tb .«.-rte
Fart W
i *xi % . . . .. West Va C.
I 103% 103%
3t%i S%7 Him t. A BF dTwp.Cci
Frao&ita M la te f.
NjjH>% u
tm
%m\ ieh Mai 4 % "----. . . . 10 14,, % - j U*6 % ......
Ff#m«fcin‘n'ai
E*t»4
6«, g-»>!
.... . . . 1-807,, j &d I 100
m
... W ilm .flol.
3
3%
If
-8%m'l
0sort. 4
, g . 182-4, % -- f I s !
1€*» 35 , 40
We
Ml
IC«4.."6
MU,
7
l* t 61I...1S9S, JA B 108
m:
... B aittm oteXt2 113
7 % t^iii ^rh V-jhH
M in*1- .*n ’ -i.tr i ,
_______,.1300, q - j 112 111-...10X0, MAS* 132 %
i M
... ■ Fandtiiifl
1001 „ „ „ .
_^
Btnl&rtwi m M , to .
■**
fOo!
W-*t Muiryi’-! n s 0A.. 15U2, .TAJ 113
Cooiiol. 6 ...................... 1922, JA D
120*9-.
■
Water 5 s ................... 1910, MAN! U-7 Ut>
£ all Man
C #r..
**
100
ijmi, M. 7 a .. . . . . . . . ___ 1003, J
.
f t t a i i a g 5 s .. . . . . . . . . . 1 9 ’. 0, "
Q <nrrirrf H i n i n a r . .. . ..
"
25
100 100%
;Fwaiiisfivaiita *cea. 6a, r.. 1910, Var 120 . ___
Exelian kp 3 % s ..___..1940
Hiuinh*,..
#J
2r.
63
70
C*mmL 6s, e ' ........1 9 0 5 . Vr.r 1 1 6 % U d
vttitAtf Oiw i i a c > a5 <i.
;
105 V
O 'o a o l.is , r . . . . . . . . . . .-1919, Var 112m . . . . . .
w*^*r F o w f t r . . Hodtm*, io o
112 % 113
. Collst- Tr. 4% g .......... 1913, JAH
HOomiof.
0e....—..
WOKlUfe- FIro, l «t
>. 50;
99V 100
' Pa. A h\ Y. C anal,7a.. 1900,JAD 1*19% l i t * ii 5. ---------- -------------AmmtUtm
**
. ?>0:
t07 108
Fa. 4 N. Y. Ca., c^irs. 5s. 1939, AACi . . . . . . it 03 'B qnltahi. o « « »-___

V llV.ll
p

i\

m

k L’ nilsted.

5 And accrued Interest.

I Last price this week.

THE

[VOL, L V I lC ? ’

OHHOM CLE

r s'l OCK EXCHANGE HRllHS (Continim \.}-ACTIVE BONDS JAN. 5, 1894, A N D F 0 R Y E A R J * 9 %
NEW YORK
GloVng Range (sales) in 1893.1
&AIL&OAD ANP MlSOEL. BONDS. ] Inter* *1 Price
Lowest. | Highest.
Ptrtoit.Jun.

iUnSOADAUD MtSOkt*. bondsJt^

Olos’ n g 1
. Range (sales) in 1893.

: ^

,103 Nov, 108% Jan.
Pao.ot Mo.—2dexten.5s.1938 J * J] 99
MobUe * Onio—N ew ,6 g ..l9 2 7 J & D i l l b .1108 Sept. 115% Apr
63*2 Deo.
General mortgage, 4 s ...1 938 M & 8 "06 b. 44 July
Nash. Oh. * 8 t .L .- ls t , 7s. 1913 J & J jl2 3 b. 117 A u g. 130 Jan.
IQO-yssir tucnuie,»B.......1989 Sept.
Nov. 105 Feb»
. 100
.............1928
A
*
O1
.......
Con.,
5
k
.
45% D eo, ‘ 71% .Ism.
Ati. A !'»•. —Ull«r. 4 g . . . . l 9 3 T —
»S%
N.Y. Centl—Debt E xt., 4 s .1905 M & 8 j01% l).! 97 Aug. 103 Mar.
2 Dee. I 11% Jan.
July 125% Deo,
W.D.lCC., 6 » ..—---- —' " T n i . u $
* 1O0 Aug. 120% Mar.
1st, ooupon,7s..............-■'-9 o a iiL 41
Brookl'n E svat’ d H t.6 ,g .l9 2 * A & 0 100.
Aug, 108^ Jaxio
Dabea.,5s, coup., 1884.. 1904 M & 5
99 July 109% Dee.
CfHi. tjoa tH .-H '.,5 « ......... 1008 J * J lo o ts
N.
Y.
*
Harlem—7
b
.
reg
-1900
M
&
N
116%
l
l
^
Aug, 119*fl Feb.
58
1913 M & b lU i 0. 93% Sept. 1103% Jan.
115 Feb.
R.
W.
*
O
g
d
.-C
o
n
.,5
s..l9
2
2
A
&
0
j
l
l
4
103
July
99% Feb.
O a t . o l l - s ' * w V l s t c o n . 5 « / » 135 it, r a t Decs j 70% Jan.
N.
Y.
Chic.
*
St,
L.
—
4
g
.
.
.
1937;A
&
0|
96%
)
89%
Aug.
113%
Deo,
Central of N. J .-C o n * .,78.1899 Qr-J
J b. 110% AUK. 116 Mar.
N. Y. Elevated—7s „ .% ...1 9 0 6 J & J
O b -105 July
i’onsol 7 r
......1 9 0 ^ 'I a N 118 b. 118 May 122 Feb,
131 Feb.
N.
Y.
Lack.
*
W.—1
s
t
,6
s
..1921
J
*
1
1
2
6
bJ117%
Aug.
102 a u r . '114% Dee.
114 Jan.
General mortgage, 5 K- •1
^ ) 1
100 Sept, HO Jan.
Construction, os..............1923 T ' f tlP-H P'.ISni
10U
L eh .*W .B „eou .,7e,a 8'd.l9 00 <■>-,
N.Y.L.E.&W.—1st,00^,78.1920151 & SjlJJ b. 120% Aug, 139% Jan,
90 July 100 Apr.
53 July 105 Feb.
do. mortgage, 5 ».........J S i, It , N>.......
2d consol., 6 g ................. 1969 J & D *4%
A
uk
.
'
I
l
l
Dec.
J
108%b.
luO
A m . Dotk * Im p .,» « . . . . 1921'J *
Long Dock Couaol.,6 g .. .1 9 3 o! A & 0|126 a. 119 Oet. 125 Feb.
Central Faeifliy-Gold,6s.-1898 J * J 103%b. 101% Aug. 109% Jan.
76
Aug, 86% Feb.
N. Y. O. * W.—R e t 4 s ,g ..l9 9 2 M & 8, 83%
Cbes. A Ohio—M ort.,6 g . . 1911A & 0,11 & b. 110 Sept, j 18 Feb.
9 7 ^ AW* 109 Nov.
Consol. 1st, 5 g ............19®2 ^ f
90 Aug ;106 Feb.
le t consol,,5 g ................. 1939 M & S 103
1 0 7 Mar,
98
July
N.Y.8us.*W .—latref., 5 g-1937 J & J ;1 0 i
61% Aug. ; 8o% Feb.
Geu, 4 % s,g ............ o V i S oo t1 ? 8, 72%
Midland o f N. J „ 6 g___ 19 10 jA & 0 116 b. 107 Axis. 120% Mar.
70 Aug. 80 % Dee.
K .A A .D iv ,,H ie o m ,2 -4 g .l9 8 9 J & Ji 84%
90 Jan.
81%
May
S o r t * W.—100-year, 5 g .1990 J &
do 2d com , 4 g, ..1 989 J & J 78 b. 68 Aug. I 82 1)ee.
91 Jan.
*88 a. 80 July
M d.*W ask. D iv.-1st.5 g. 1 941 J &
Elta,Lex.&BlK8am -6 g.1902 M & S, 99 il. 88 Sept. 101 Feb.
Feb.
118
100
AU£.
107%
North.Pao.—1 st,co u p .,6 g -1921 ,J &
Chic. Bari. * %.—C o n „7 s .l9 0 3 J & J|119% 108^i July 123% Doo.
80 Au sr* 115 Feb.
80
b.
General,
2d,
coup.,
6
g
.
.
1933
A
&
1102%
Jan.
D ebentnre.oe...................... 1913W* N 98 a. 83 Aug.
Feb.
108
60
Aug,
60
General, 3d, ooup., 6 g...1937,J &
Convertible5s................. ..1903;M & 8 191 A 89% July 108% Jan.
24 Aug. 74 Feb.
Consol, mort., 5 g ............ 1989% & D 30%
Denver Division, 4e...... 1922 F & A 88 b. 87 c seyt. i 94% Jan.
July
95
93
June
Col. tr. gold notes, 6 s ..-1898 M & N
Nebraska E xtrusion,4s.1927 M & -N 8o%b. 79% Aug. 88% Jan.
35% Aug. 80% Feb.
Ohio. & N .P .—1st, 5 g . . . 1940 A & O 46%
108 AUg. 116 Apr
Chic. A £ .I l l . - l s t , s . f . , 68.1907,1 & D|ll5
89% Feb.
North. Pao. & Mon.—6g-..1938|M & 8 40 a. 30 Deo
;123%
Mar
OCt.
115
A
&
.
ConsoL.Bg....................... 1934
82 Nov. 104 Fab.
90
a.
North.
Pao.
Ter.
Co.—6
g
.
.
1933
J
&
J
General eousol. le t, 5 s.. 1937 M i S ; 99 a.I 9 3 Aug. 1103 Apr
Aug.
112
Feb.
102
106
Ohlo*M .lss.—Cons,a.I.,7s.l898|J & J
87 July 103% Feb.
Chicago A Erie—1st,5 g .-.1 9 8 2 M * Hi* 99
Consol., 7 s........................1898jJ & J„ 106% 103 Aug 110% Mar.
Incom e, 5s....................... 1982 Oot’b’r 25 i 20 July , 44% Jan,
109
Jan.
93
Dee,
Ohio S ou th ern -let, 6 g ...1 9 2 1 'J & D 94 b.
Cblo. Gas L. A C .—l e t ,5 g. 1937 J & Ji 86 I 70% Aug. I 92% Feb.
40 Aug. 64 Jan.
General mort., 4 g .......... 1921 iM & N 43
Chic, MU. A St.F.—Oon.7s. 1905 J & J 125 I 119 Allg. 129 Apr.
68
Jan.
365s Deo.
Ouu.ba & 8t. Louis—4 g.,.1937|J & J
1st,Southwest Div., 68.1909 J & J 'l l 2 1 105 AUg. 115% Dee,
90 Aug. 105 Feb.
Oregon Imp. Co. -1 st, 6 g .l9 1 0 ;J & D
A J 112% 306 AUg.
lst.S o.M in . Div., 6s___1910
32 Aug, 67 Feb.
Consol., o g ......................1939 A & O
103 Aug. 112 May
lst,Ch.*Pai!.W .D iv., 58.1921 J & J ;107
97 Oct. 112 Mar.
Ore.
R.&
Nav.Oo,—1st,
6
g
19091J
&
J
Apr.
J "102 a. 97 AUg. X05
Ohio. A Mo. Ktv.Div., 5a. 1926'J
60 Nov. 94% Feb.
C o n sol„5 g ....................... 1925!J * D
J 103 b, 98 July 1108 Apr.
Wls. A Minn. Div.. 5 g .,1921 J
102^4
July 103 July
Pennsylvania—4s,
g
------1943
M
&
N
J,*i0 5 b. 98 July 109 Jane
Term inal,5 g ..................191i|J
A J fl07 b .jl0 2 July 110% Apr
Pa. Co,—4% g., cou p on ___1921
j ! 90 b. 86 July 1 95 Apr.
Gen. M .,4 g .,eerie8 A .-.1989 J
&
J
*75
b.|
75
Oct). 104 Mar
Peo,
D
eo.*E
v
a
n
sv
.—6
g
.,1
9
2
0
1) l i e b, 105 Aug.
i Nov.
M D.Alior.—le t,e o n ., 68.1913 J
7 > Dee. 105 Feb.
Evansville Div., 6g -----1920 M A S *75
Dee.
120 Sept.
Chic, AM. W.—Consol., 78.. 1915 Q—F 138
M
A
N
72 Feb.
20
24
Deo.
2d
m
o
r
t
„
5
g
..........
.........
1926
Nov.
Coupon, gold, 7 s............. 1902 J * D 12i%0.| 117 July
59% Aug. 85% Jan.
Khila. & Bead,—Gen,, 4 g.1958 J A J 70
Stating fund, 6s.............1929 A * 0 1 * 1 5 1 ). 109 J uly 115 Feb.
76% Jan.
33
20
July
.......
1958
1st
pref,
inoom
e,
5
g
100 AUg. 1109 Jan,
Staking fund, 58.............1929 A & 0,109
21 34
14% Aug, 70 Jan,
2d pref. incom e, 5 g ....... 1958
103% Mov. 112 Feb.
Staking fund deben’.,5s.1933'M * N|.
62% Jan.
18
I
t
JuLy
3d
pref.
Income,
5
g
.......
1958
June jlo6% Mar.
35-year debenture, 5 .. . 1909 M & 5 103%b.
88 Apr,
Pittsburg & Western—4 g . 1917 J A J 83^b. 72 Aai
Aug. 98 Jan.
Extension, 4s....... - .........1926 F & A * u 5 a.
111%
Nov.
J
A
J
Aug,
107
b.
102
Rich.
A
D
a
n
v
.—C
on.,6
g
..l9
1
5
Chlo. F eo.& S t.L ouis—5 g .1928 61 & S:*95 a. 93 Aug. 100 Mar.
60 Aug. 78% Mar.
Consol. ,5 g ........................1936 A tfe O t 70
Ohio. K.1.&Pao.—6 «,cou p . 1917 J & J 122 b. 114 July 126% Dee.
F
&
A
83%
Feb.
Aug,
140
f4
4
RiOh.&W.
P,Ter.-Trust,6g.
1897
88 July 102 81 Dec.
Extension and co l.,5 s— 1934 J & J , 98
115% Aug. 52 Feb.
Con, 1st & col. trust, 5 g. 1914 M & 8 f 18
30-year debent.5 b.......... 1921 M & S! 92%a. 88 Sepc. 97%. Feb.
78 Feb.
54 Auj
Rio G. Western—1st, 4 g.,19 39 J & J 70
Ohio. St. P. M. 4 0 . - 6a....1 9 3 0 J & D,120%t>. 110 AUg 123% Nov.
St. Jo. & Gr. Island—6 g .. 1925 B1& N 69 a. 67 Nov\ 96 Jan,
80 Nov. 92% Apr.
C lev elan d *C an ton —5 — 191** J * J 34
F
&
A
103%
Jan.
Aug.
1023-3
95
St
I*.
A
lr
o
n
M
t.
1st
ext.
5s.’97
C. C, C. A 1.—CodboI., 7 g-1914 J &U‘ 126%b. 119 May 126% Dec.
N 1013-jb. 94 Aug. 109 Apr.
2d, 7 g ................................1897
115
A U g . 122% Feb.
General consol., 6 g ....... 1934 J * J
J
&
D
104%
Mar.
99
b,
95
Sept.
Cairo
Ark.
&
Texas.
7
g
.
.
1897
58 Aug, 79 Jan.
C.C.C.ASt.L.—P e o .* E .4 s .l9 4 0
Gen. B’y A la n d g r .,5 g ..l9 3 l A & O 72 a. 60 Aug. 90% Jan,
12 Aug. 26% Jan.
Inoonie, 4 b ........................ 1990
M
E
&
N
114%
Apr.
102
St.l*.
ASan
Fr.—6
g.,01.B_1906
99%
Deo.
9L Nov. 106 Jan,
Coi. Coal & Iron—6 g .........1900
6 g., Claes C------ ..... ...1 9 0 6 M & N 102 b. 99% Dec. 114% Apr.
25 Deo. 67 Jan.
Col.M idland—Con., 4 g ...l 9 4 0
General mort., 6 g .......... 1931 J & J *82 b. 94 Dec. 111% Apr.
74 Aug. 94% Jan.
OoLH.Val.ATol.—Con.,5 g . 1931
50 Aug. 68 Apr.
St, L. So. West.—1st, 4s, g . . 1989 M & N 56%
82% Aug. 99 Apr.
General, 6 g ...................... 1904
J 17%
28% Feb.
12 July
2d, 4 b, g.. In oom e............1989
112 J uly 119 Apr.
Denver & B io G.—lBt,7 g.1900
& N 115 b. 109% Aug. 119% Apr.
8.P.M.AM.—Dak. E x., 6 g.1910
71 .luiy
88% Feb.
le t consol., 4 g ..................1936
&
J*
123%
Mar.
L17i»a.
I
l
l
*u
®
1
st
consol.,
6
g
.................1933
74 Jan.
Det, il. City * Alpena—6 g . 1913
57% Dee.
& J 98 %
97 Aug. 103% Apr.
do
reduced to 4 % g ..
20 J u n e 1 40 Jan.
D et.M ac.AM .—L’dgran tfi. 1911
&
D
92
Nov.
M
ontanaExtenslon,
4
g
.
1937
90
A
ug
9
90 July 103 Apr.
DnL So. 8h. & Atl.—5 g __ 1937
& J
San A. AAran. P .—Is t ,6 g .l9 1 0
f5 5 Sept. 76 Mar,
94 Apr.
E.Xenn.V * G .—C on .,6g,195 6
80 Ocl.
&
J
60
Aug
A
u
g
52
543s
1st,
4
g.
gu..............
1943
92% Aug. 104% Feb.
K noxville A Ohio, 6 g ...l9 2 6
Seattle L.S.AE.—lst.gu. 6 .1 9 3 1 F & A oO a, 40 Aug. 92% Jan.
Ft. W. A D eu v .O lty —6 g ..l9 2 1
61% Nov. 101 Apr.
M
&
iS
99
Apr.
70
Sec’ ty C orp.(N .C ord.)lstcon.6s
May
9o Nov. 97% Feb.
G al.H .& 8,*u .-M .*P .D .l8t,5 g.
80. Car.—1st, 6 g .,e x ooup. 1920
105 May 103 Nov,
B an. A 8t. Jos.—Cons., fj--. 19 i .
108 AUg. 117% Feb.
&
So. P ao.,A ria.—6 g ....... 1909-10
91 b, 92 Oct. 100% Jan,
Hone. AXex.C.—Gem 4e, g.1921
58% Nov. 70 J an,
80. Paoitlo,Oal.— 6 g ---- 1905-12 A <fe
102 ^b. 104% Oet. 115 Feb,
aitaoiB central—4 g ...........1952
99 Deo. 105 Mar.
97% Jan,
1 st, consol., gold, 5 g ___1938 A &
89 Dee.
July 113 Apr.
Xnt. * Gt. No.—1st, 6 g — 1919
80. P acidc,N . M.—6 g .........1911 J &
Nov. 105 % Feb,
93
July 72% Feb.
2d 4-58.............
1909
95%
A
Tenn.C.X. &Ry.—T e n .D .,lst,6 g
75
74 Aug. 95 Feb.
Iow a Central—le t, 5 g....... 1938
July 90 Feb.
Birm. D iv., 6 g ................. 19 17 J &
95 % Jan,
77
70 Jul)
Aug. 87 Apr.
Kentucky Central—4.g___ 1987
Tex.
A
Pao.—1st,
5
g
...........
2000
81 Jan,
J
K ingeC o. El.—l s t ,5 g ___ 1925
59 July
Nov. 103% Feb.
76%
2d, inoome, 5 g ..................2000 Mareb. 2 0 %
13 Juiy 29% Jan,
Aug. 87% Jau.
LaeledeGae—let, 5 g .........1919
M
&
N
108%
Jan.
Tol. A. A. & N. M.—6 g ....... 1924
Lake E r ie * West.—5 g ___195*
L03 Jan
113 Feb.
Tol. * Ohio Cent.—5 g ....... 1935 J & J 105
100 Aug. 109 Apr.
L. Shore—Con. op., 1st,7 s .1900 J * J
121% Deo.
J
&
J
Consol. cou p .,2 d ,7g....... 1903 J & D
Tol. Peo. A West.—4 g ....... 19 17
78%b. 70 Sept, 88% Dec.
123 % Oct.
Tol.'St.L. A K an.C .—6 g . . 1916 J & D 60 b, 48 A u g. 90*a Jan,
L o n g ls l’d—1st,c o n , 5 g . . 1931 <4—J
116% Feb.
Onion Paoiflo—6 g .......... . .1899 J & J 1035«b. 102 A ug. 110 % Jan.
General mortgage, 4 g.,1 9 3 8 J & D
98 Dec.
Sittktagfuud. 8s................ 189a M & 8 95 b. 9 3 Dee. iOO N ov .
Louis. * Mash.—Cone., 7a.1898 A * O
113 Jan.
Collar, trust 4 % ................ 1 9 1 a M & JS
73% Jan.
M.O. * M o b . l s t , 6 g ....... 193i J & J
48 J u ly
123% Apr.
do.
2 d ,6 g ......... 1930 J & J
Gold 6s, col. trust notes. 1S94 F & A 80 b. 72% Aug. l02% Jam
110 Feb.
General, 6 g ...................... 1930 J & D
Kan. Pae.-D en.D 1V.-6 g.1899 M & JS
LOG Nov, 113% Apr
19°8 Apr.
Unified, 4 g .......................1940 J & J
lstoou sol.,6 g ............... 1919 M & « 83 b, 77 Oct. 112% Apr.
83% Feb.
Oregon Short Line—6 g .. 1922 F 8s A 81
NaBh,Fl.*tSh,—la tg td .5 g .’37 i ' & A
70 Oct. 109 Jan,
101 Mar.
Louis.M .A. * O h .—1st,6 b. 1910 J & J
Or.S.L, AUt’hN.—Con.5 g.1919 A & O 48
111 Jau,
45% Nov. 80% J a n
U.P.Den.A Gulf oon. 5 g .l9 3 9 J & D 42
C onsol.,6 g ...................... I91t A & O
109 Jan.
39% Aug, 75% Jan.
Onion Elevated—6 g . ....... 1937 M& fl 94
Lotas. St. L. A T exas—6 g .l9 1 7 F & A
91% Dec. Ll7% Apr.
98% Jan.
M etro. Elevated—1 st,6 g .l9 0 6 J & J
Virginia Mid.—Gen. m „5s, 1936 M & X 70
86 Apr.
120 Dee.
70 Deo.
2d, 6e............................... 1899 M & M
do
stamped guar. m & a 71 b.
86 Apr.
108% Feb.
Dec.
M10H.Cent,—1st,o o n .,7 s.. 1902 M & K
Wabash—1st,0 g ..................1939 M & JS 10238
July 106% Apr.
Aug. 1123% O et
2d mortgage, 5 g .............1939. F & A 7538
Consol., 5s ......................1902 M & M
Aug. 10 6% Apr.
82% J a n
July
Debent. M., series B ....... 1939 J &
M U.LakeSh.&w.—lst.6g .19 21 M & K
115 July [127% Jau.
July
39 J a n
*20 b.
E xten. & Im p .,5 g ........ 1929 F & A
West Shore—Guar., 4s....... 2361 J &
97% Aug. 109% Jan.
101%
July 104% Deo
M. K , * T.—1st 4s, g .........1990 J & D
69 Aug, 83 Nov.
West. N, Y. A Pa.—1st, 5 g.1937 J
Aug. 105 Feb.
99 b.
2d, 4 e,g ............................ 1990 F & A
27% July i 50% Jan.
21
2u mort. .................. ' . . “ .19271* &
Aug. 83 J a n
M o.ra b id 0— 1st, oon., 6 g.1920 M * M
West. Un. TeL—Col, tr,,5a.1938 J <& 104%a.
86 Oet. 113 Mar.
Aug. 10 ?% Dec.
3d, 7 s................................1906 M & N
Wis. Cent. Co.—1st, 5 g ......1937 jJ &
100 Aug. 115% Apr.
Aug, 92% Jan,
67
I ‘ac, 0IM0.—1st, e x „ 4 g.1938 F & a t?yj
93 Aug,
Aug. 102 d«u,
Jan.
og
Incom e, 5 g ............ ..
19371 ••»<. io
* s a i » oepu
*oi
35 xFeb.
13%a
Sept. \ gg
Moris— " b " indicates price ltd ; " a ” pprice asked ; Uie Hange is made up iroiu actual sales only. * Latest price tins week, t Trust receipts,
Amur. Cotton O il,dob., 8 g.lgOOj Q - F 112
A L 1 ch>A9.F,~ lO ^vr XC.1989J & J 1)9%
....1 9 8 9 A & O 3.1

JOi

A u g. 1 1 4 % Jan.

63% July i 83% Feb.
29 July
57% Jan.
50 May ] 57 Jan.

NEW YOKE STOCK EXCHANGE PEICES-fContinued).-I N A C T I V E BONDS—J A N U A R Y
SECURITIES.

Bid. Ask.

SECURITIES.

Bid. Ask.

SECURITIES,

Bid.

Ask.

(mm

Railroad Bonds.
(Stock Mxolumge Pricet.j
Alabama Mid.—1st, g „ gnar..l92lA. T. * S. F.—2d, 4s, Class B .1989
Ool. Mid. 1st, * .,6 s ...............1936
Atlantic At Danv,—1st g., 68,-1917
Atl. * Far. 2d W. D., ell. 6 s..1907
Balt. * Ohio—1st, 6s, Park B.1919
S«. void....... ........................... 1925
* No nrln* FrlSavt Giawo are the

B. A O .— Ions, mort,., g old,5s.l98 ?
W. Va. & Pitta.—1st:g „ 5 s..1990
B. & 0 .8 . W., 1st, g „ 4% s...l99C
*84
90
Monon. River, 1st g.,g. o s ... 191 fl
Oent’lOhio Keur.—1st, 4 % s.l930
95
A k .*C h .J u n o.—Ist,g,5s,gii.l930
Best. H. Tun. & W.—Deb. 5 s .1913
Brooklyn Elevated—2d, 3-58.1918
112
Brunswick & W’n— 1st, g. 4s, 1938
112%
Butt. Rn li. & Pitta,—Geh.. 5s.19.37
latest onot) ti 'i a unade this weeV

B.
R.&P,—Roch.
F 1st, 6122\|
s .1921
Reel). & Pitts,—C ons.lst, 6s.l922 U 5
117%
Burl Ced, Rap. & No.—1st, Ss.1906 101%
Consol. & collat. t r u s t,5 s ...1934
100
Minn. & St. L.—1st, 7s, gu.,1927 115
103 h
103
Iow a C. & West.—1st, 7s
1909 100
__m
99%
Ced. Rap. I. F. & N „ 1st, 6S.1920 90
1st, 5s..................................1921
80
95
85
C.
Ohio—Co). *C in .M .lst,4% s.l939
98
..... *ient, RR, A- r a n k —Del v.kc u n *
- — A-

THE

JANUARY 6, 1894. J
NEW YORK STOCK
KKt'URfTU-U.

EXCHANGE

■ Bta. , a *h .

39

CHRONICLE.

P B I C R S .— I N A C T I V E B O N D S — f C o n tin u e d J — J A M J .A R Y 5 .
SECURITIES.

B id.

Ask,

MBCOKiTIES.

Bid.

Ash,

Northern P acific—(Continual.)
22
Helena ABetiM’u— 1st,a;.. 6s. 1937
<
to'toi .......
Fto'.Ato;toft —;--i u-y.iSs.sr.sru.UCi:
r.uhniev Manitoba— 1st. n.iis 1938 * 5 8 "
Hi';.,. I t o. ; . ; . ; - r, i/'llto -. ! r,:
OBliS. i>#____ ...___ Jat’tj H to ---iiio " i! Dul.AMan i ukM ov. ! sttH. 1037
Cteur d’ Aleve—1st. 6s, iroi.i .1916
Gold head*; 6s ...................... 1897 502 >4........ "•tat A P. Marq.—Mort.. 6 «,..1 9 2 0 1 U ' i l l ' s
....... ; S en . lst^R., 6 s.....................1 9 3 8
1at eon. sold , 5*.......... ..........1939.
* »» Joaquin Br.. t o . .............1900 ‘ 106
.......
96 1 Pen t, Wiishmrti m— 1 st .-.'..lis. 19 3 1
Port Huron—1st. 5 s ............ 1939
Hurt, A 5 a . . . . ...................1939' •
.......
....... Norfolk a- Soath’ n—lBt. os.s;, 1941
w
Land grant, 5s, t .................. 1900
90
----P'a. <>» Pen.—Hi •_-, 5?--- 1918 10.5
1st POD.
....... ............19-13
Sort, e -v ''■ esr.—U a.iern l.tr.ieN l
118
C. * 0 . Div., r V . . if, S s.......1918 ......... ...
60‘s
New River, 1st, 6s ................ 1932 105
f W . Pacific—B oatls,to
1899' 103 ...... ■Ft Went, V R . - 1st e., 58..1928
100
Itnp. A E xt,, 6s.......................1934
S o. Kaliway (CfeD— 1 st,6 s .1907 . . . . . . ....
Gal. Bar. A S ao A m .—1st,6a .1910,
AdUtstutent M l,7 s................ 1024
toGit'!:. H. v 8. A.—2d toon.. 7s. .19078
■
. ‘ ............ ...... rXi....
Equipment, 5*.......................... 1908
M e l. & Pao. Div., 2d 6s ....1 9 3 1
ckea. * O .—Fur. M. fo o d . O s.! * '.» 106 AOS
......
C linch Val. U t 5 «................... 1957
.. < . k .A6VQ!
»*«•»* l*-»•
•-.», »-V-»
**! —i-'i., SB.
_ .......
„
Oil. i.flit,
Nor.—1st,
5s,, ,g.19’
29 ‘ 71
6e.. gold,. series A — ............
190«; .........
i t.., ;*'-***»
. . . . . ! RnftDPke.VSo.—Ist.e-u. 5s, e.1922
:••• ... • . . . :
................... i
r. t;s........ i*>-J7
.......
Seloto Val. A X . E.—1st. ‘ *,.1990
74
Warm Spr.VfiL, 1st g 5 s ..1911 . . . . . . . ----- Grand Rap. A I n d .-G en . $ *..1924
115
22
Ohio .v M fss-2 d o o o so l. 7S...1911
to h e th O .A lo .W 'w t-to t 6s, g . t o l l *100»t 103 '<y. B. W. A Sr. C.—2.1 in*, tr. reels. *15
2-1, 6 s.......................................1 9 1 1 * ......... 50 1Hoasatoaic—Cons, gold o s .. . . ! 93 * I l2 h ....... Spdair.Div.—1st 7s...................... 1905
....... • General 5s................................. 1832
S .H a ven ADert’ V, Cons.09.. 1918
Oh. V .-U en.con. tot.jra.£,5s. 1935
Ohio River RR.— 1st, 5s.......... 1936
•'Mow. A T . C.—Waco A X. 7s..1903 104
C hlcaco A Alton- 9. F ,,6 s .... 1808
Gen. g .,5 s .........
1937
107
UioU. & Mo. River—1st, 7 s.1900 i l l
D t k . 5 * tin t g - ! - .............. 1037
Oregon A Califor.—1st, 5s. g. 1927 (,771*
Cctnft. e. to tint. gt(l!.............1912
95* 103
2d, 7 3 . . . . . . . . . . . ................. 1900 n o g
8L E . J a ck ».A C h h * .-lrt,7 ». I b:m *
Ores. Kv A K a v.—Col. tr. g. ,5s. 1919
93
Pan. Sink.F'cl Subsidy—6s. g. 1910
Hehem. is, prin. & int. gtd.1897
MIsaJR. Bridge—1st,».
Co. 1912 102 .........
t tvttn.- P. C. CAS t,.to Cu. g. 4 ‘us A 19 -10 10 0 >« 1011®
” *•’ •
' Illinois Centra.'— 1st,
is ...1 951 10S
Ohio. Burl. 4 K o » . - l « t ,5 * -----1926 102
Do
do
Series B ......... 100‘s 1011®
Debenture Os..........................1896 ....................
l« t ,* t ...l.3 * 4 « ........ 1.............1951
P.C, a « . to-lst,o.,7 a ................ 191K1
117
Cairo Bridge—4*................... 1950
OuB. Burling. * Q,—5 s , f . .1901 l o a n . . . . .
' —
Pitta, Ft. W. A C,—1st, 7 s ...1912
135
Iow a D iv.-fO nk. fund, S s.,1919 I d .
urf.
Div.—Coup., 6l ___1898 103 M
24, 7 s ................................... 1912
135
Sinking fund.-to................1 9 1 9
93
le W r . - R t g , 5s.......... 10*21 107
Plain, 4 » , ............................... 1921
3(1. 7 s..................
191*2 127 132
C, St. !. A N. O.—Ten. 1 „7«.18»7
79
Ch.St.to.fcP,—tor,cou.5s,in .1932 114
let. consol., 7s.....................1897 109 M
U.0
Uhle A tndi-ssia Coal—1st 6s. 1936
Olev. A P.—Cons., s. fd „ 7s. 1900 *114
OM. M il A St. P .-l«J }o J P .D .1 8 9 S M6>»
24. 6 s . . . ...............................1807
Gen, IMs, g.. “ A” ............. 1912
2d, 7 3.10s, P. o . . . ............. Id as 115
UoM, 0*. eottpon_________ 1951
St, to V .A T . 11.—1st, 6s., 7s, 1897 **106 110
1*1, 7s. $ g „ B. D...................1902 121
Mettip. Dtv.. 1 st t . 4s.......1951
1st, 1 .4 ft., 7 s.......................1397 114
2d, 7s............................... ...1 8 9 8 109 109
Dob, A 8. 0 .- 2 4 Dir., 7s . . . 1804
2d, guar., 7s.........................1898 108 109
95
1st, L A D .,7 » ... ........... ....1 8 9 9 I l l ' s 119 : 0 4 . Fails A Mfuti.—1st, 76 .100 7
Ud. IvA i.K xl. 1st.-l ‘as.U.g.HH t
1st ,& A XL, 7 s . . . ......... .....11*03 XiO
';£»<!,D . A Bpr,—1st 7s, e x ,e p . 1806
1st, L A D .E xten sion,7 s ... 1909 'ISO ........ 1 tad.D A W .-l e t .*. c..*r.rec..l*.H7
i¥i*» Pee. A it.-Im l.B. A W .-let.p l.78,1900 108 iia “
.....
Ohio In il.A W .-totp ret.5 s..1 9 3 8
1st, La C. A Dav., 5 *............ 1019 100 .........■: 24, 5», gold, tru-t receipt* •501s
....... I Peoria A Phk. Union—1st, 6s .1921 i o o "
1st, H. A II., 7 *..................... 1910' 120 ....... Ine- M, hoods, trust receipt* . . . .
73
'id mortg,, 4% s........................ 1921
64
1st, H. A D „ 5 s . . . . ...............1910 100 .........1 Inti. IN-. .2 !■>•.(■ - i
Is. inN' i
Chicago A Pacific Dr,-., e* . 1910 11 t ......
i » U . , . V 8-lH '.i)« ,c ............... 1010
Pitt*. Clove. A Tot.—1st, 6 *...1922
Miner*! Point IM v,5».......... 1910 lo o
73 ....... Pitta. A L. Er.—2d g. 5s. “ A” . 1923
....... K to**<> F.JSh.l«i,5,tr.atu.A.I820
a A L . Sup.Xrtv., 5 s........... 1921*101
100
Pitt*. Mo. K. A Y. —tot Us___ 1932
......... Luke Erie A *A.-*1.-24 g., t o .l U l l
Fargo A South., 6s, A m u . ..1924 *169 ....... U « . A M. 60. - B.A K.—New 7* .‘98 H I M
Pitta. Pit ins v. A F . - l - t , 6 » ...1 9 1 6
too. con s. sink. futti!,a«-----1016 l o t *
. . . . : Del. M. A T .- H r , 7 a ... . . . . . 1006 123
Pitt*. Shea. A L .K —lat,k .,5 s.l9 4 0
83
D a k o ta * (it. South., fit. ... 1910 *lCO ........ 2 ta k e shore— Div. bond*, 7 i . I IS® i m
Pill* A W eat.-M . 5a, X 1601-1941
Pitt*. Y'g.at'ttAA.—1 *4, 5a.con.1927
MU. A Nor. main line—t o ... l»D>. U 3%
Kal. All. & <1. R. -1st gu.59.103s 106
0 tic.AN. W.—30 year .led. 5s, 1921 -J im s . . . . . . . Mrth.my Coal RB - U l , 5s. 1931 108
Pre*. A ADz. Cent,—1st, 6s, g.1916
Escoaaba 4 th . B, 1st, t o . . .,1901 i . . . . . . ......... D*higitV.,N.Y,~1*r, g tu fc d W O M i
104
3d Incom e Os............................1916
Dos M. A Mian.—1st, 7 s ,..,1907 ........ . . . . . . D eblih V .iV r r.j.-i* . ga. to,K .19ll 105”
Rich. A Dane. ~D. u. tuuroto.1927 ‘ 80
93
Iowa Midland—1st. 3. ......... 190.. . . . . . . . . . . . . I’ l l l‘-M. Car A West. —U t e * .g , 1918 ------ - 85
95
Buttle.
M. s.
„ g „., 55s..............1009
Kq16hB.il.
A ff.,g
s............ 1909
P*ain*ai»— 1st, c<mv,, 7 a . , . l 8 9 » ....... . ....... l e s t islan d -1 s t, 7 » .......1 *4 108 .........
AO, A Char.—1st, pref., 7a.. 1897
N. Y. A K'way B .- l s t .g . i s . 1U27 .........: —
Ohio. A M ilw au k ee- 1st, 7*. 1898* 109*
do.
Incom e, 6s-----1900
Win. A St. P .-.M . 7 . ........... 1907 *t24
.......
2d motttr., m e ................. . ! 0 ‘J7
W ksh.n.AW .-lst.48.giho}*.. 1934
3 7 4 .........
Mil. A Mad.— !* ;, t o ---- .,.,1 9 0 5 ;* 1 1 0 *
.......
S.Y.AM.H..1! 1st, 7s, 1 907
RloU r. Juno.— tot, gtt., g „ 59.1938
Ott G 1 A -I. P .~ le t, S* t M>0 106
. . . . . . H S „Y .« . * > » .« ,_ t.*tc„ b .5 m M 0 3 »
Bio Unutdc 80.—1st, v,, 5 s ... 1940
Northern 111,- 1 s t . 5 * . . . . . . 1819 106
----- • B tooki’eAM oatauk— l* t,M ,l9 U
i t . Jos. .* Ur. la.—3 d litis....... . 1925
OSePco, * 8 t . l » —C «n .l* U t5 s, 103tf
Kua- C, A Omaha— l-t . 5 s ..1927
05
1 st. t o . . ............................. 1911
C K.LAP.-D.M .A f . D, 1st 4 0 905
total*. Kt »B*-A st, l„ --Ooti.3s.Hi3U ' T d n " ' SI to, A. A l.H —8d pref. 7 s .. 18 01 103 \
102 >®
i « . 2>*"..................
1905
Horn*. A N a s h ,-O H ). B r.7«.. 1007. ....... 1 to ! ■ 2d at, Inc. 7a......................... .1894 l o l
E ii«u *ien . As................... .1005
E- 11. A N tt.oi.-U t to , K ..., 19114 l i t
till ; Dividend hernia..................... 1894
o a o t a k A lk M M.- 1 s t , 5s.. 1923
106*
l’en*.t. <iU DtvtetoO. t o .........1026; 105-*»UO« 1 ill •v. Jto-. -1 i, 81
Okleosv A St. I,t.ti.*(-! -t. «» ,. ( 015
fit. Lotto Division, 1st, 6* . . . l 0 2i :
BeUev. A t '. t i . - l - t . tk*......... 1923
Ohio. s i. I*. A >Stun.-1*1,6* ,101« .1.
2 4 ,3 * ...................................
I Pool . . . . . .
i Ohi.84.toAPad.—1 sl.ml.g.hs 1017 ■ioo'
....... 1030
8U Paul A 8. C\- 1.1, t o .......19l0 123
1 , .1393. ____
81. toxu.* 80, —let, gd. g. 4 s . 1031 *75
. f*t>. Braaclt ExtotudMi,
Ohio. A W. I n d .-l e t , *, f., 6*. 1019
do
2d Income ,5a, 1031
75
>'a*hv. A Dec Aur—1st,7s
,7*. I90tl 107
Doaeral Btorttruge. t o . , ____1932 116 118
B,
A N. Ala. .....1910 1 ....... .
> O r . ABhaWt.—I s i g . 4 a . . ..1 932
Chlts-AW em M ick —S s ,.........1921
1 0 - 10, gold, t o .......... ....... 1034' *90
102
i8t
to
A
8,
F
.-2
d
Us,
g..
Oh
A
.
1906
10O
•to U&m. A I '.- C o n .s .f .. 7*. 1805 i i T ' : . ! - 1 3 0 •tear •:>». «f.--------- ---------- 1937
E q u ip .,7 a ...........................,1 8 0 5
ad. *old. 4>*«..............
1937
Pm *. A At..- Ur, t;,, g o ld ...1921
' General 5 s ................
.1031 *7a”
03
CIS, 1». A lt*ti - 1* t, fflt. *,.,4.194 i " ! ! ! . . iii
CktllaE. trust, '••■ g .............. .1031
70
tot, trust, gold, 5a.................. 1087 *50
O n *. A k - A C o L - let. A 2d 1,., 10*30
tom N.AI1.
n • : —n tti.g.hs.H'l'l
■
(Smsol.
goar.,
4
s
.
.
,
,
.............
1990 *40
66
a c . e . A « t . i - , < ,»ir...ti, —t*. 193'.
Manhattan Ky.—Cotta. Is ---- .10*,tt>
toil;. A a. - toil. IH. to 1916
94
S3
Hi.Ltm.lH v . - 1 « . «>U;s w*.,-. 100Oi
“
■ • ■•« < -•
.
•■ ..• : >..
Ft. 0. A V. IS. UK. - I S(, t!a.. .1910
H tth fA P lU B
1st, g. 4s. 1940'
Mt tiipbi* A Chari —t o , goia.. 1924
K .1 ii'.i ■Midland—1st, 4s, g. 1937
*s. Hill*
H i ••••r,. iNcf;; uea, 7
. r •n HO
110‘s
8t. Hut) A Duluth—1st.5s. ... 3931 110
' »> *-'•46.AM.) iV. :
.lin tI,
105
Me.xti.ati Cent. Coe*oi, —l» . if. 1011
24 mortgage 8s .................. ..1 017
ain. I. ft .
A C.— U u . , 1-.IW3*.
tot, t'*rj»*. tti’ -mt.,*- 3s, g......... 1939
;8h i' .nl Minn A 51.—1st, 7 » ..l» 0 9 105
OhMot ,6 * .......... .
. . . . . . . l»2<t
Mextren Sauom ti—i t .4..»ts l.-g :
2dtn «rh ,d * ............................ 1909 117
Oth.«*Ji.ACL—C tiu.i.o.e as, 1323 ic o
Mlnneup. Union—lnt. Os — i 922
*24. mcotu**, 6- " C*............. 1017
0 1 'Jot, Cut. A JhiL— i *t,
1 s!.S U S '1* <13**
114
*2a, Infi.tti' . e*. ’* is ’*...........1917
Mont, CV11. I at, guar., Us.. 1937
OhnaoL *lok. fu nd, 7 *.......... 1» J T
96*9
... Miehlfion Central—6.* .....___ 1908
1 la t guar, g. 5a.......... ............. 1037
C e r e . A Mail. V ,-4 4»id ,A s. .1336'. ..............
Coupon, 7>
1031 111 113
East. Minn., tot div, tot 58.1908
OutoinblaA U t c e r , i ,lt ....... .........
Hun Fran. A N. P.—t o t,g ., fln.Hllit
M o tu 1. *• 4* .................... . . . l u to
2*1, to................................ i-Wi, .........• lia U .'.A .a ttg -to t,3 s ,g .* il,1 0 * 0
south C arolina- 2 d , o s .......... 1031
Del. iM k . A W .- Mart. 7s - -. 1907 120 , ......... Mn. I.. 6-AW.—
Incom e, on .. . . . . . . ... . . . . . . 1 9 3 1
. l « k. to. UMrt
SjrTa. Bing. A N, V— U t. 7*.ltHW' 137 ..1 ...
Mich, Div.. i - 1, t o . . .............. ,1924
03
tow. Fill.;, Coast— tot, sranr..4*.lU37
IM
M o m e A ^ T i tut. 7*......1914;*138V 139H
t.-r.K ll.A - tiof .-t.l.. toi.Ht!*. 1939
AahiAOtl D)Vh-. »u—ls t .t o ..1920
125
Bond*. 7*....... .
......1 9 0 0 ; . . . . . .
Itustmm* . . . . . ...................................
Texas A New Orleans—lat,7a. 1905
115
7» o f 1871..........
Saume Dt vUiuii, tot. 0 *........10 12
.........1001 H i t - , ......... Mtnn.A at. to - tot. g. 7*.........1927 ....................j
115
let, con., gttar., 7*............. 1015
Ifltfi 137 134
luat* E x te n s io n , 1 *1, 7 *.........loot* 11.5 : .......1 O otlsohun.g.................
1913 91
Del. A U ud. t:;*u.— 'ous-m 7-. 1 i94 l o t 's .
113
HO : 2d wurtg., 7 a .......... ...1 8 9 1 115 i........ Third Avenue ( » . Yi.—1st 5», 1937 l U
P f D or.,coup.. 7 s . . . . . ........ 1917 13* .........
Southwest Ext. —1st,7*........1010 115 ......... Tat. A. A. A Cad.—(to.............1 0 1 7
Albany A 8BKJ.—l»t, tpt.,7» 1906 187*» t*4«M
Pacm e E x t-~ ls t. Os.............1921 107 .........! Toledo A. A. at U*d Tr.—g. tin. 1021
to l. eons,, guar., t o : ....... iv o e 116 117
Isipr. A eduiuiuuii!, 6*........ 192*2 110 ......... Toh A. A. A Ml. P L - d a .:........ 1919
Bens. A Bar.—let, eotij,.. 7*.1921
32
..R illu s . A Pac.—lat tu«ng,,5a.H t36
. . . . . . Toh A. A. A N. M.—5a, g.........1910
Denver City CaMe—tot, «* . . in t o
....... M lnn.m .p .40 “ M -t o t n g .4 s .i0 3 ,
......... l'.A ().C .-K .ii!.A M ., Mart. to. 1900
75
751*
D ear. T ram w ay-C on*, to . «• in to
....... 'M o .K .A T ,-K .t".A P .,l9 t,i»,g .H m o
Ulster A Del.—lst,coa.,U „5s. 1028 100
100‘s
70
Metrow;6 K y .-U t.g u . tt.to.1311
....
Da*. A Ware—1st, Ss, gu....ls).iu
Uoion PiteilK*—l» l, 6 * ............. 1890 1014.1
D m v . A K- O— l a p . , 3*. ..1926
60
Missouri Pui itio—Trust 8 *...1 0 1 7
tot, * » ......................................I - to 102 ioz’1®
Jtolovh * ton . Bator.; - l e t .‘.s.1937
.......
1st Coll.. •’»*, k.1920
tot, 6*..........
1898 1021s
66
B. Tenn. V*. A tia - l « t , 7s. i .mjo 107M .......; « t i—A 1. M -A rk.H r,,1st,7s. 1895
Collateral Trust, tia...............190b *75
*99 low
DtvieloBel 5*......
i » 3<> 100
. . . . Mobile A Ohio—1st e x t.,6 s ... 1027 100
Collateral Trust, 5 s...............1907
l»« •*>, gold, 5 * ....................1937
.......
«t. to A O u r o ~ 4 s ,g u t t
1931
Katina* Pacific—1st 6a, R ...1 8 0 3 i ’o T i 10T ’
* S •kl®Pa S -,5«....................1938
....... Morgan's to*. A T .—tot, 6a— 1020 ’ 110 115
1st, 6s, g ........................ ....1 8 9 6 103*s 104
Mobile A B lm t.—1st,
1037
.......
let, 7*.1 91s
C. Br. U. V .- F . c., 7e.......... 1895
123
Atat.ama C en trel- U ; «* . l a p
95
Nash. Chat. A 6*.. to.—2d, Os.. 1901
Atch.
Col. A Pac.—1st, 6 s... 1905 'iT ti 56 "
110
S t t o - lM . extended. 7 » ........... 1807 109
,
llOOM N . O . A . N o . f c -Pr. I .,g .,8 » ..l0 1 5
AtCll. J. Co. A W.—tot, 6 s...1005
116
*6 , exten d ed ,3*........
1919 h i
N. Y. Central.—Hen. g. * * ....1 9 0 5 TOO**
U. P. Din, A CoL— la t ,g „5 « . 1918 *40
34. extended. 4>*«...........
1023 u i ; v i’o i
X . J. June—Go.ir 1st,4 s . . , Hut; *95
Oreg.S.L.A U.N.,wti.tr»t.,5s. 1919
50
ith ,ex ten d ed ,
*109 1 ,
Beech Creek—1st, gold, 4s . . lyttu 9 9 4
Utah A North.—1st. 7*......... 1608
5th, extended, « . ....................l-rja
Gold. 5 s................................ 1026
99 101 ; OsW .A K<»»*5—2>1. 5*,(?.,««. 1015 107 1 1 1
let, con.,
f <1, 7 * .............. 1926 125
Utah Southern—Ueu,, 7S...1909 *80
O tiea A US. Kir. -t o , g „ gu.1922 1 0 0 ‘s
85
Beorgy 1st lien t o .......... . 1908 ...............
Is , y . N. H. A H .—to!,rets I s 1903
Extort., tot, 7a....................11*09 *76
80
N. Y. A Northern—1 s t,« '..1 9 2 7
g ? • * • * K - i e t . 7 . .......... 1916*1261,123
Valley ify Go. o f O.—Coil, 6 s .1021
f* X. U B. A W.—DM, tr.,to.t922 - n o
2 4 ,4 * ......................................1927
Wabash—Debenture, 8er. A .. 1939
fu n to d e o j}* ,, 3 * ......... ..........1M « !
N. Y. Basil, a West.—2d* 4%». 1937 *b7
Dot. A.Ctiio,lixt. 1st, 5s, g .. 1940 97
99
89
Biff. AH. W'.—Mortg. B a.... il<(js
* Gen, inoVt., fts, g ....... .
1040
No. Missouri—1st, 7o.......... 1606 102 V
05
jr * S «m o n -ltt, gn. g. 5» ....190*.. ........ 140
S Y. T ex. A Mk a isM a.xn.1012
dt.L.K.C. AN.—B.E, ARE. 7s. 1895 106*4 106”
Coal A R B .—Be.................... 1922; ...................... Nortli'n Pavim— Divid'd.*enp ext
ShOharle* Br'ge— tot, 6 s ... 1903 105
Bwlnxis—1st. < „ u* ..1 933
.................
Jatues River V u i . - l s t , « » . . . l 93a
West, Va. C. A P llts .-to t . 6 s .1011
*•**«'• * TJK*— 1st.*on*.,6a , . 10811 ........ H i 5
Spokauo A Pah—1 st,6s........im ts
tW Iieel.A U E .-tot. 5s, g old., .1926 i o T
m
'St. v ricriii. g.. s« .......... ■1917 » ft5 10<I
8t.Pt.ui A N. P.—Gen., 6s .. 1923 114
115’4 ! Extension Al t on. K., is.
• “ a p rlo t r i l l ! ; II.. ae w e th e l a t e s t q u o t a t i o n * m a d e till* w e e k .
» n r <
t
m I l „ l l > t < - < 1 B o n d - d e e 3 d p a j o nreomlluir.
C. ft. & B-—Chat R.AC.jrtd *.1037 .................... IL&T.n.— w*. Vernon l a t t e .1923
Cent. o f
J.—Coov. ceo.. « s .19 0 v ........ .......
-a l. * ■>. Kr. 1 st, g „ 5s..........1030;

S

39

THE CHRONICLE.

40
lu x r je s t m e n t

R oads.

[VOL. I/V III

I

L a te s t E a r n i n g s R e p o r te d ,

W eek orM o

1893. I

j J a n . 1 to L a t e s t D a te .

1892. | 1893.

| 1892.

I
Gr. T run k —Con.
i
$
$
17,628
DeLGr.H.AM WkDec. 10
22,019 1,074,079 1 , 1 5 7 , 0 5 3
Great North’n a ilr o a d
In te llig e n c e .
ot. P. M. * M. November. 1,540,156 1,642,105 12,579,011 12,328,002
East, of Minn November. 175,886 181,315 1,244,015 1,177,191
Montana Cent November.
89,154 112 029 1,019,328 1,095,248
Tot. system. November. 1,805,190 1,935,449 L4,842,354 14,600,441
3 he I nvestors’ Supplement , a pamphlet o f 150 pages
2,054
16,376
Gr. P.Wal. & Br. September
1,453
17,189
4,964
contains extended tables o f the Stocks and Bonds o f Rail­ G u lf* Chicago. November.
34,079
40,095
6,272
1,1 17
7,360
7,803
Hartsville........ September
775
roads, and other Companies, with remarks and statistics con­ Hoos.TuD.&Wil. November.
2,966
33,847
3,467
32,576
52,323
Hous.
E.AW.Tex
55.034
November.
cerning the income, financial status, etc., o f each Company.
15,259
1 0 ,1 0 0
123,313
Humest’n&Shen November.
132,306
It is published on the last Saturday o f every other month— Hutch.&8outh’ n August___
11.104
7,937
46.148
49,223
1,709,13)
1,830,594
20,269,177
17,506,796
Illinois
Central.
November.
vie., January, March, May, July, September and November, Lnd.Deo.* West. November.
36,521
389,580
31,855
460,154
and is furnished without extra charge to all regular sub In.&Gt. North’n 4th wk Dec* 106,326 151,092 4,089,336 4,195,895
42,022 2,037,841 1,768,950
41.606
Unteroc. (Mex.) WkDec. 16
leribers o f the Chronicle ,
41,685 1,925,770 1,924.395
39.607
Iowa Central. . 4th wk Dec
3,652
4,289
33,440
36,911
The General Quott tions o f Stocks and Bonds, occupying Iron Railway. November.
74,798
78,891
Jack. T. & K. W November.
8,522
six pages of the C h r o n icl e , are published on the third Kanawha* ieb 4th wk Dec
7,954
356,770
365,428
5,085
Kan.C. Cl. &8p. 3d wk Dec.
5,879
316,784
334,166
Saturday of each month.
97,940 4,533,736 4,888,159
K.C.F.S.&Mem 3d wk Dee.
79,448
28,947 1,082,99) 1,097,198
K.C.Mem.ABir 3d wk Dec.
29.009
2,302
7,752
67,289
196,268
K. C. Pitts. A G. 1th wk Dec
3,107
3,971
231,932
Kan.C. Bub.Belt 3d wk Dec.
126,304
RAILROAD EARNINGS.
7,015
Kan.C. Wv. AN W 2d wk Dec.
329,594
11,473
326,171
379,802
8,638
6,616
Keokuk A West. 3d wk Dec.
395,637
L a te s t E a r n i n g s R e p o r te d .
J a n . 1 to L a te s t D a te .
7,526
L. Erie All. A So. November.
6,572
72.672
75,731
R oads.
L. Erie A West.. 4th wk Dee 102,142 120,720 3,509,588 3,558,483
W eek o r M o
1893. I 1892.
1893.
1892.
44,474
Lehigh A Hud.. December
41,517
589,401
475,596
42,282
Little Rock A M. October. ..
54,318
$
3,300,292 3 , 3 4 2 , 6 2 8
Long Island
143,236 Louis.* Mo.Riv. Septemb’r.
Adirondack----- October...
148,234
13,897
15, 195
41,330
318,523
52,508
3 4 6 ,7 6 1
Septemb’r.
Allegheny Vai. November. 179,515 228, 93
,265,069’ 2,,411,883 Louis. Ev.&St.L. 3d wk Dec.
27,801
37,535 1,703,375 1 , 5 0 1 , 4 0 5
Ark. Midland. October...
77,225 Louisv.&Nasliv 4th wk Dec 456,795 612,667 20,476,942 2 1 , 8 5 9 , 4 7 7
63,9551
12;296
11.49(5
Ateh.T.&8. Fe* 3d wk Dec. 708,889 720, 403 38,,092,657 38,,655,843 Louis.N.A.* Ch. 4th wk Dec
69,444
80,90: 3,467,896 3 , 2 7 2 , 1 8 2
Bt. L. & San F 3d wk Dec. 154,739 170, 013 8.,408,660 Si,820,245 lou.St.L.&Tex November.
493,252
53,432
32,798
5 8 4 ,0 0 5
Agg. total... 3d wk Deo. 803.(528 890, 41646,,501,319 47 ,476,088 Macon & Birm.. November.
7,110
62,662
6.176
6 7 ,7 4 1
Atlanta* Char.o Septemb’r.
511,934'
519.103 Manches.&Aug. Septemb’r.
49,423
58, 966
1,251
10.844
i;759
9 ,7 5 7
B.AO.EastLiues November. ,491,928 1, 566, 476 17 ,440,145 18.,168,904 Manistique------ November.
720
72,013
719
8 1 ,4 2 6
Western Lines November. 494,7371 572,,062 5.,979,803' 5 ,724,570 MeinphisAChas. 2d wk Dec.
31,463 1,339,837 1 , 3 7 5 , 1 1 6
31,449
Total.......... November. ,986,6(55 2, 138,,538 23!,419,953 23:,893,474 iMexican Cent. 4tli wk Dec 241,506 231,292 7,980,600 7 , 9 1 5 , 8 8 9
Bal.*0.8ou’ w / 4tbwk Dec 168,161| 190, 386
665,686, ,806,445 Mexican Inter’L November. 165,8'
234,986 1,839.172 1 , 8 7 4 , 0 5 4
Bath&Ham’nds November.
32,967
31,518 IMex. National.
4, 848
5,125
Dee 108,878 161,212 4,210,083 4 , 6 8 8 , 0 0 4
Bir. & Atlantic.. November.
37,860 IMexican R’ way 4thwk
26,537
1,811
3, 671
58,501
56,537 2,936.647 2 , 9 2 8 , 8 6 4
Wk
Dec.
16
Brooklyn Elev.. 4tli wk Dec;
,898,867 Mineral Range* 3d wk Dec.
45,010
54. 129 ,835,655
1 6 6 ,1 1 2
5,441
157,101
5,66'
Buff.Roch.&Pitt 4th wk Dec1 79,957
81, 150 ,396,450 ,204,266 Min neap. ASt.L. November. 157,745 206,252 1,652,712 1 , 8 4 2 , 8 6 8
Buffalo & Snsq. October. ..
22.005
M.
St.P.
AS.S.M.
51,959
3,241,234
69,699
3 ,1 7 6 ,9 8 0
3d
wk
Dec
Bur.C.Rap. * N 3d wk Dec.
88,076
95,526 4,116,415 4,228,986 Mo.Kan.&Tex.. 3d wk Dec. 222,504 210,816'10,103,338 9 , 5 4 3 , 6 9 0
Camden* Atl.. October. ..
758,595
730,238
49,787
46,708
4th wk Dec 735.000 878,000 24,989,255 27,684,662
CanadianPacitlc 4th wk Dec 522.000 601,000 20,915,436 21,409,352 Mo.Pac.&lrouM
Mobile A Birm. 2d wk Dec.
8,897
............
8,375
Car.Cum.G&Ch Septemb’r.
31,6741
19.246 Mobile A Ohio.. December.
1,373
2,6361
343,944 327,730 3,333,730 3 , 3 4 1 , 6 8 4
Car. Midland — •November.
6,010
55,866
58,329 Mont. A Mex. Gli October. .. 1 10.000
5,197
............
855,489
Central of G a... October. .. 603,080 614,480
Nash.Ch. ASt.L.
382,037 425,045 4,350,243 4 , 7 0 7 , 1 6 2
Central of N. J .. November. .174.569 1, 109.786 13.392,673 13,0'i8,565 Nevada Central November.
3 0 ,7 2 0
2,646
4.470
31,272
Central Pacific.. October. .. 1,396,350 1 ,399,906 12,194,043 12,434,710 N. Jersey AN.Y. Septembr.
2 1 0 ,6 9 2
35,508
218.340
32,706
August---Central of 8 . C.. Septemb'r.
6,650
74,071
70,653 NewOrl.ASo’n.. November.
6,631
20,041
1 3 0 ,4 7 5
19.031
117,368
Char. Cin. * C h ic . November.
15,277
133,664
134,658 N.Y.C.AH.R---- November. 3,897,430
15,760
4,063,509 43,130,386 4 1 , 7 4 4 , 9 9 0
Charlest’n&Sav October. ..
44,881
519,753
498,365 N. Y. L. E. A W. November.
41,611
2,583,144 27,230,778 28,403,788
Char.Sum.* No. November.
13,000
138,971
134,512 N. Y.Pa.AOhiO-. October... 2,396,373
13,500
6,164,925 5 , 9 7 6 , 8 3 0
Chat’qua L a k e .. October. ..
5,752
4,675
50,351
46,500 N. Y.AN.Eng... Septemb'r. 707,226 675,520,
............ 4,626,467 4 , 5 3 9 , 6 3 5
Cheraw.&Darl.. O ctober...
8,843
74,660
66,075 N.Y.ANorth’ n.. November.
10,093
45,810
543,635
5 2 2 ,8 9 5
42,352
Ches.& Ohio___ 4th wk Dec 208.286; 239,231 9,839,801 9,960,163 N.Y.Ont, AW .
86,419! 3,901,140 3 , 4 7 3 , 7 6 0
84.691
Ches. O. &.S. IV . An.trust--- ' 187,193 207,151 1,529.73 5 1,414,795 N.Y Susq. AW .. 4th wk Dec
149,820
1,643,151
1
,
5 9 5 ,3 6 3
November.
163,241
Chic. Bur. & No. November. 199,102! 187,211 2,195,773 2,007,081 Norf. A South’ n
3 9 3 ,5 8 6
35,933;
399,094
36,070
Chic. Bur. & Q.. November. 3,,094,534 3 ,522,902 35,460,253 36,868,126 Norfolk A West. November.
152,993
9,969,490,
9
,
8 7 9 ,2 8 7
4th
wk
Dec
154,53l|
Chic.* East. Ih.j3dw k Dec., 100,144 107,001 4,416,400, 4,109,296
theast’n (S.C.) Septemb’r.
34,9821 473,669
4______
6 7 .5 2 7
36,010
Chicago* Erie .'November.1 302.363 245,786 3,116,321 2,544,842 N’
North’n
Central
623,008
6,350,589:
6,554,673
November.
540,498
Chic. Gt. West’ n 3d wk Dec.
74,685 100,534 4,231,923: 4,951,923 North’ n Pacitie§ November. 1,734,838 2,392,042 22,024,652 27,040,268
Ch.J.R.&U.8.Y. Septemb’r. 219,659 250,391
2,3171
Chio.MIL* 8t.P( '4thwk Dec 758,829 977,642 33,860,021 35,060,209 Oconee A West November.
A Miss...... October. .. 350,143! 393,694' 3 , 4 5 8 , 2 4 8 ! 3 , 4 9 6 , 8 0 6
Chio.*N’ thw’n/ii November. 2 .677,974 : ,166,866129,698,916 31,222,825 Ohio
Ohio
River
7____
8 4 , 4 2 2 i,
7. 7. .6., 3
3d
wk
Dec.
12,897|
17,748
. .8 3
Ch.io.Peo.*8.L,6|3(iwkNov. | 22,196!
24.973
............1
...........
65,379
60,992
613,623 600,815
Chic. R’k I. & P .. |December. 1,400,958 1 538,166 19,541,526 18.701,056 Ohio Southern.. November.
Omaha
A
St.
L..
42,433
54,548
453,531
484,635
October.
..
Chio.St.P.M.&O.; November. 845,291 965,394 7,588.815 8.360,823 Oregon Imp. Co.
350,6051 350,768 3,253,207 3,282,692
Chic. & W. Mich.!3d wk Dec.
23.322
40,146 1,828,525 1,961,826 Pad.Tenu.AAla. October...
October...
18,630
17,7781 243,534 166,905
Cin. Ga. & Ports. November.
65,021
4,764
63,613
5,717
Tenn.
Midl’d..
October.
16,8521
20,435'
178.746! 155,676
Cin. Jack * Mac.14th wk Dec
713,007 Pennsylvania...
16.582
666,216
20,316
November.
5,288,152
6,017,282
61,072,376 62,906,919
Cin.N. O. * T . P-iNovember. 333.000 346,754 3.632,937 3,856,952
17,266
837,332. 832,679
Ala. Gt. South. November. 186.000 165,513 1,612,959 1,626,866 PeoriaDeo.AEv. 3d w k D e c . ! 13.5571
November.l 38,047
38,927
484,297 493,374
N. Orl. & N. E. November. 161,000 134,789 1,293,745 1,185,557 Petersburg.
4,397,475 4,383,309
Ala. & V'icksb. |November.
74.000
526.573
556,315 Phila. A Erie... October...! 495,303' 585,284
58,581
-------------------------'19,101,570
18^762,607
Vicks. 8h. * P. November.
495,431
502,336 Phila. A Read’g. October. ..;2 ,127,430 2,248,219
71.000
61,569
Coal Air. Co.c.;October. ..2,923,623 2,076,865
............
Erlanger 8yst.|November. 825,000 767,206 7,561,645 7,728,026
Total both Cos. October. .. 5,051,053 4,325.083
............
Cin. Northw’n h November.
1.865
19,065
19,045
1,627
6 ,9 0 2 .2 3 5
Lebigh
Valley.
May..........
1,490,781
1,567.463
7,132,453
Cin. Ports. * V..‘November.
21,726
238,920
245,618
21,809
3 6 ,7 5 6
31,459
3,930
2,107|
Col. * Maysv. N o v e m b e r .
13,567
992
13,139 Pitts. Mar. A Ch. 'November.
1,108
3 9 0 .8 9 8
501,482
Pitt.Sben.AL.E.
December.
31,576
40,489,
Clev. Akron & C o. 3 a w k D e c .
975,407
952,451
16,626
19,650
CL Cin. C h .& S .L . 3 d w k D e c . 245.496 288,510 13,388,030 14,427,293 Pittsb. A West O ctober... 144,599 124,739 1,343,258 1 , 1 6 3 , 5 1 8
Pitts. Cl. A Tol.!October...
5 3 4 ,7 5 8
t88,697
62,770
82,895
Peo. & EaBt’n. O c t o b e r . .. 160,743 164,473 1,451,836 1,486,202
Pitts. Pa. A F. October.
2 6 6 ,5 8 7
36,904
313.191
28,585
Clev. * M a r ie t t a 4 t h w k 8 e p .
249,017
7,971
10,102
245,699
Total
system..
4thwk
Deo
2
,
3
6 6 ,4 7 8
60,822
58,617
2,689.658
Col. Newb. & L. S e p t e m b ’ r.
48,573
6,720
32,374
4,198
82,729 105,103 1,222,085 1 , 3 4 2 , 1 8 5
■Col. H. V. & T o l . D e c e m b e r . 214.363 299,734 3,268,296 3,372,585 Pitt.Young.AA. November.
Pt.
Roval
A
Aug.
Septemb’
r.
1
6 9 ,3 7 1
23,108
202.905
22,79
li
OoL8hawnee*H O c t o b e r . ..
67,604
73,417
1 9 2 ,6 2 3
22,12l! 231,758
29,640
Colusa &Lake.. N o v e m b e r .
27,902 Pt. Roy. AW. Car. Septemb’r.
2,550
2,500
23,862
November.
Quincy
O.AK.C.
2
5 8 ,3 2 6
241,080
23,734
18,598
C r y s t a l ................. O c t o b e r . ..
1,023
12,737
13,368
1,315
Current R i v e r . . 2 d w k D e c
2,034
2,894
151,629
192,410 Rich’ d A Danv. 3dwk Dec. 225,815 242,690
Georgia
Pac..
3d
wk
Dec.
52,506
54,775'
Denv. * R i o G r. 4th w k D e c 157.900 241,300 7,721,580 9,197,212
632,995
51,099
62,463,
Dee. M .N o . * W . N o v e m b e r .
624,028
22,179
33,004
382,728 Ricb.Fr’ksb.AP. October. ..
365,938
5,311
Det.BayC.&Alp. O c t o b e r . ..
17,008
300,863 K.Nic’ lsv.lr A October. ..
28,608
342,526
24,518
Det.Lans’g&No 3 d w k D e c .
325,688
312,220
28,094
16.322
22,605 1,163,686 1,214,853 Rich. A Petersb. November.
6,749
DuiuthS.8.*At). 3 d w k D e c.
676,475
15,37 5
475.845
25,044
34,719 2,012,271 2,155,149 Rio Gr. South’ u. i3d wk Dec.
38.000
Duluth & Winn.. O c t o b e r . ..
42,000 2,204.546 2,520,962
10,304
18,520
114.150 Rio Gr. West’n.. 3d wk Dec.
211,471
8ag.TascoiaAH.
November.
114,572
9,231
117,395
11,133
E.Tenn.Va.* G a 3 d w k D e c . 122,763 124,151 5,542,666 6,120,560
7,620
77,957
E lg in .J o l .A E a s i N o v e m b e r .
8,119,
78.629
92,320
70,909
878,855
774,319 Sag.Val. A St. L. October.
3d
wk
Dee.
St.
L.
A.
A
T.
H.
30,350
Eureka Springs.iO c t o b e r . ..
34,460 1,512.51*2 1,477,099
5,726
7,092
67,604
67,434
27,438
3,668
Evans & fnd'plib 3 d w k D e c .
2,685!
26,098
5,839
7,470
353,021
369,396 St.L.Keu’etASo. November.
St.L.Southw’rn. 4tli wk Dee 173,940 173,564 5,078.561 4,646,616
Evans. * R i c h . . 3 d w k D e e .
1,320
2,685
Evansv. & T. H. 3 d w k D e c .
23,087
25,907 1,355,840 1,265,447 St. Paul A Dul’tb November. 151,387 217,659 1,620,374 1,944,418
Fitchburg............ N o v e m b e r .
235,033: 195,053 1,521,083 1,345,207
611,581 641,724 6,755,399 6,900,192 San Ant.. A A. P. October.
13,121
F l i n t * P .M a r q .. j3 d w k D e c .
846,140
12,980
807.242
40,055
57,457 2,647,798 2,784,601 8. Eran.AN.Pae. 3dwk Dec.
Florence............ IS e p t e m b 'r .
37,323
483,033
52,553
8.719
449,987
3,689
102,273
26,468 Sav. Am. A Mon. November.
Sav.Fla. A West. Septemb'r.
F i.O n t. A: IVnit: .) m u ;........
99,629
2,093,812 2,212,423
97.6<
Ft. W . * R i o G r | N ov em b e r
“ 8,000
91,557
12,548
45,703
63,326
44,578
344,436
348,982 Silverton........... November.
28,570
Gads.* A t t . U ..jN o v e m b e r .
30,742
157,865
696
1,184
8,701
150,759
13,011 Sioux City A No. M ay..........
Georgia R R ........ 4 t h w k D e e
20.000
181,050
211,042
20,500
38,195
51,467 1,419,738 1,508,575 South Bound— November.
Ga. Car’ la A N o N o v e m b e r .
67,126
46,311
252,221 So. Pacific Co.—
479,905
Gal.Har.AS.A October. .. 423,594 476,257 3,510,005 3,703,049
Geo. 8o. A Fla. ..I N o v e m b e r
70.707
69,538
734,910
690.905
Georget'n & W ’u S e p t e m b ’r . !
Louis’a West.. October... 113,191 109,598
2.288
8 5 9 ,9 1 9
2,693
31,944
913,471
33,464
Morgau’sLAT. O ctober... 613,359 609,067 4,315^3231 4,250^543
Gr. Ran. * Ihd.. 3d w k D e c .
29.318
52,007 2,137,100 2,438,383
N.Y.T. A Mex. October...
Cin K .* Ft. W . 3d w k D e c .
0,766
8,910'
33,345
35,823
212,9561
203,989
418.164
481,814
Tex. AN. O rl.. October. .
Traverse C i t y . 3d w k D e c .
1,190
592
153,606 153,105 1,466,4711 1,373,808
54,736
50,095
1,090
tftu. G. R. * I, 3d wk DM.
Atlantic sys.f/. November. 1,444,105 1,549,834 11,987,88S 12,050,647
2,949
134,635
180,191
Total all lines. 3d w k D e c .
Pacific system November. 2,797,031 2,937,872 32,378,852 32,835,315
87,766 65,056 2,739,994 3,155,124
GraudTrimk.. . W k D e c . 3()l 346.901 360,818 20,008,684 19.9)3,415
Total of all.. November. 4,241,139 4,487,706 44,366.740 44,886,462
Chic. * Gr. Tr. W k Dee, 16 1 61,906
73,892 4,070,734 3,581,059
Arizona D iv.. October. .. 200,901 208,841 1,693,683 1,639,412
▲HD

THE CHRONICLE.

J a XCa EV 8, 18U.J

Boaps.

Latest E a m tn gs Reported.
W u korU e

So.JPae Co f o n t
!
tC tw Se ix In'? October.

1892.

IS03.

$

!.

W ,154;

$

95,187
992,201

2cm . 1 to L a test D a is,

1393.

£

789.319:
9,110.361

41

For the month o f December 36 roads uvll that have fttrnislied

1392.
statements as yet>show aggregate resultsfas follows:
>4--- ——5.-.5.
—....^
..s_,—LJ\. :..-.^.nA; 1J.-A
--•- 5
v
837,325

8 .5 4 1 ,1 8 3
>■0 11 ,390 ;
Sootts C&sottBik ,November. ? Ill,500! 122*672, 1,185,533 1,205,299
9181
1,2711
16,049
8 ml? tut No?.€mr
:
1 3 .2 2 3
34,599
80.270
Spat, Css, &COL .#epttmb*r,s 11.6341 9.876
67.503,
70.948 961.200 991,339
S ia litrlfL R. T ■November, j
3,230
i %22
44,241
BiefcyCtSfCSfi. JOctoUer. .. I
5 5 .1 9 6
S-asmii?Bmwk.yxn ember.; 109.4 t i l 123.154 1,167.530 1,209.446
90,279
Lykeaa Valle? ”Nav€tiab«T / 1
995.576
2 ottos; 213,432 2.178,106 2.195.024
T o n both Oo ■ Novejnto-r
T «x * « & P a c ific 5libw fc D «c ’ 247.941 253.729 7,312.358 6,987,701
7,450
52,205
5,747'
T « x- 8, V#14?K,W 1NrtrewM* r, i
45,920
TOLfi&mtoO tm u ■4Hiw b l>c*r. 3 7,3* 4 1 5SV&37; 1,041.728 1,995.2 U
23*331. 954,140 969,559
T o t F, * We**:. id * k Dot*.4 21,8641
48,729 1,727,947 2 178,859
T at « t .L A K . C t d « k Dee. { 90,6881
37.2041
m *em
371.045 • 363,439
OU&tfrJelieL ...
...
Ctetoa PadUe— ■
021,1.78; 5(972,648
530,681
5,
j
O r.S X . tk V . N OetoW c . ..
O f M r. f a N.Oft
.... 465,23« 675,519.1 3,.122,880! 3,.913,892
g^O
JJOSl 4,,823.384
5
m
,
2
m
l
4,
443*76*
0 . Pa*. I t 4c 0 , CtetotNMK-..
s&sou; 29,700! 1,.169,47 L 1,
8L.Jo.4tGdJ*L Itliw k Dec
■2,iV
i.V
2t:
\,i.
,093,012,
,855^71
19.720,524
fljl a l t e r O ^tuter. «
T o t0 .F -8 | ». October. - ,190,570 •M93.260 30,196,134:35,,460,591
826,678
1.,118,265
*2,603
C eoL B r.& L X , ftot *>!*♦•r. .
661.966]
59,341
904,105'
Montana 0 b . . O etob or.»
S.3531
Lemv, Top. t&fL»>«tnlw’F. *
27.946
m m m
35,055*
4.510
3,9*4
34.101
MtuoLALdfe Bar, October* ,
0f*w& tofe*4 / O c to b e r. .. ? ,615,294 4,<«S,03« 31,.383,035'37,,070,901
•
| 145,188 352,882
7 « a n o x i TM ief bei»frt»i/r.j
S73.O0O 13, ,740,257 14,,108,446
W th**'.'. . . . . . . . . 4 si* wit Iter*
62,561*
7M 5
48,§S©
7,303'
Wat* C bea 4r W, A - i f » t , , . J
,474,010 ,494.016
W eft £%rm f, *...„ Octabcr. . I 125,412 14%S$$
08*124 96.t0#f ,!^5.235 ,002.677
.
3^,253; 306,23 2- 248,223
Weak Vatfe Pit to , m ptm u^T. f .34,7'**1
Wmlk Man U*'t V»v* :.•1*<* $9,9911 89,75# .110269
60,
73,090 .384,369 .360.4INI
W M .M .Y .* FW 24 wk I*** .
35,66" 3#A56 ,524,235 4:i*.i,603
Wbmmh M I*. Erie 4tbw6i Ito**!:
4.SO#
21.707
17.740
2,171-'
W R O A d iK P ra . f*U*»I* r j
459,5*29 7* 8.31,4
48 J #
W it C o t A A & 4 .'^rrjiu-mb.’r. j
6.117
6.1S-7
Wrfjt&tor.AT**s Kwi*'! h r t J

* tpcladen C at 3434. Us 1893 » a 4 1892 tor w.*«*k %o4 pear to dale.
» I&cJadrft H U t w k fe A N orthers l o t oil teHodi*.
§ lo e la d f * Wie. C o& tul to 8eptr*a6er 26 ia r la tire for b o t l } « a n .
a
clMt port of
14n|4^4 la Ite m tk c m m lir m
e The huaute«e o i the L* UU& Volley o a d l^eEUch A WUkeet*arr^ 4e
portspexiiA to sot laelodeH. 4 foclu-lra e o m ia t* Cram lerrW*. etc.

Month o f Ptcem ber.

1S93.

j

1802.

Gross earnings (36 roads) 19,107.116 22,358,166

-Decrease.
2,951.050

■■'■- ■
Per Cent.
13-1*

It will be seen there is a toes on the roads reporting in the
amount of |-2,9,51,030, or 13-19 per cent,
Net Earnings Monthly to Latest Dates.—The table fo l­
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 Chbonicle of December 23. The next will appear in

the issue o f January 20, 1394.
-Grass E a rn ings,—■Net Earnings,——
1893,
1892.
1893,
1832.
$8
$S
S
$
At, T. A S .P e .......b .k o f c .3,475*695 3,742,275 1,209,163 1,304,235
Jan. I to Not. 30... .85.950,323 36.419,262 11,314.010 11.272*030
Ju ly i to N#t , 8 0 .... 16 .4 0 1*645 18,43 i t0 3 ! 5,856.978 6,230,147
i i L A #aa Fr.J>.Ni>T,
723,119 810,086
-227,461
2 5 7 ,5 2 4 :
Jwti. I to N or. SO. » „
7 ,9*39375 8.293,703 2,670,299 3,097,389
July 1 to N or. 3 0 . ...
3,013,97s 4,319,193 1,326,206 1,761,529
A c g r # f S t c b N ot . 1,198*914 1.551*901 1,433,024 1,500,759
J au. 1 to -Not. 3 0 .... 43,M6>.303 44.713.080 13,9# L30S 11,370,019
3aH* 1 to Not . 3 c». , . .20,075,623 22.750,829 7,183,184 8,051,676
3,590
Bm M& BmmmmiU ..NOV.
5.124
1,948
3 ,1 4 6
18,513
Tito. 1 to N or, 3 0 ....
32,307
31,519
1 6 ,2 1 3
A Qtilo* N or,
768,775 831,306
242,710 2 7 0 , 9 3 7
Jmn. I to Nor. 39,...
0*147,130 0,120,125 2,975,139 2.513.581
Talr h p > Nor. 30.
4.200,280 4 *.564*226
*
1,497,647 1,53*5,081
187,211
66,743
Chic.Bar. A North.bNor. 100,102
63,045
785,418 708,897
Tut*. 1 to > V t. 3 0 ..., 2,195*773 2.007,081
CJhic. Burl. A Q u la.b Nov. 3.004,514 3,522,902 1.415,048 1.371,321
J ao. 1 to Nor. 40....35*460,27*3 38,809.120 12,672,319 12,924.841

Mm4$,

Col. IT. V, A T o !....b O ct

321,117

310,«1O

181*795

15 V321

d m . 1 t o Oct 11. .
2,705*5 U 2,778.817 1.221,313 1,283,932
Oetu A B. OthAdAb.Nor.
637.619 948,009 297,971 418,179
Jan. 1 to Nor. 30,... 7,156,1*40 t A l n .% 12 2,902.737 3***89,960
line* in w h ict 17Qioo P orlfic Iumi* half toteroat. A lo c la lc* frum 8«p»
Jaly I to Nor, 30__ 2,#48,045 M<LV3*3 1,121,617 1,831,815
t* a»brr 1 earntcice »t Milwaukee Loire Shore A W t« t * r i in both year*. NuC*A»
5,726
7,092
3,674
4,509
I
if «£»<w i A
totOtieherf oafy
f Et^UwSeo Mhto A
Ja#. 1 to'Oct 31.... 07,604
87,431
30,081
31,076
M i^n *ippt to both p m * o 4 fr o m /a o a a i'f 1 U>
4 « t«
4*.*'»‘SUtt>4Kii.b -Nor. 70.767
69,5 J#
27 762
13,797
J**», 1 to Not. 30..,.
734,040 690*903
122,071 178,505
I*6t«st
Ears liift by Wftfct*—*Tbfc telttft w ^ k fj
JitfT 1 tb Nor. 30.,.,
320,240 324,325
61,214
91,389
tutnnsp* in fh#* fot^eHug vre t » p r a M y ramm^l tip ax lollowni L»>#t*r. A N**t*v»b. No# 1,73 4117 1*030,004
753,391 _ 772,901
J»n 1 Nor. 3G .../A*70^,7#2
” ;19,(#28,
- - - - - - 0.,689,(20$ ■
•fo r ibo fourth wtrk
D* >-fiibrr our probusmary elatcmaal
7,041,370
duly I to Ncof, 30..,., 8,68!,074 #,,054,,612 8.,179,(80? 3*040,,738
C6tws t i r*8i*l8. au4 £imw» 15*51 p-y ceiu lott ta lh**A$fgTi?g&t0k
.473 fl«. 261 •891,,0 7 0 301.874
Sfcxt**A« Crairal... Nor,
“»4 7,
SOS 2,(884,Sl§ 2,858,603
TiiSu I to N#r. 3 0 . . . 7.,f#I,M
111 week, of [Petmtshw.
1393,
fktr€*M €
M93, j
• 881 438,3?3 *139..023
3S3,,630
M«sxiiaau» Nt-tloa#!.... Not.
4,
'*L878, 1.23 '*1,499,oi a
3,*80#,£90
3
a
s
*
1
t*»
N
o
%
%
3o....
(240,017
#
•
f
•
a
164,101
B J t.A Ohio #o»*ihwiN»t*.
71,(049
00,868
a , « s S41®.iL. A #t t^ociOM-., Nor, 1ST,,745 268,(251
IttMMMK
4,A43.,86« §4ts,833
943
i to N#r, 30..... 1,652,
M tm pM fW
45.01-0'
54*43MI
9,119 ‘
Bttffalo Bocft* a FtuebV.
065
530851,432
B 78,
7f,»57
3u|y I to Nor. 3>.
t.J#3
On®Mias
....
7»,6C»0 N. Y, Out. A
524,9<N» 601,000}
,504
3
1
2
5
,Jf0
98,000
63,,222
-Nor.
.... * T.!
C^cimfieake A Ohio...,..
330.,3(1
•to.!H5
3##,. I to Not. 30.... 3,,012,,226 3,,193,,043 054,,934 Oil,
C^lcair® MUwt M i t l*a»l..
758,829 9 7 7 J t a i
210,811
704 465,Oil
Italy 1 to Nor, m . ... 1,,826,2 i t t,,801,.478
!0ttt, Jaclrsio© A Maokiaiw
10,58'J
i!<5
3.734
18,,403
13, 1 7 $
35,.933
36,,670
A 8ott-«ti.erB No?.
Dearer A lit« Oraode.,.
157*0991 241,300!
83.4011 Norfolk
cWtrrr--!
100,094 093,,588 140,,557 1-4.4,,070
Iiir. !.I# Nor f
0«or»ia..............
51.467}
.!• 133
13,272
<#r»o«i Trunk o f r*n a4 a.
04«|»O1 9MMM5!
A W#Mb*®A*NAF* 832,,228 $88,,490 237,*579 227,,94$
13,#17
la ic r a l A # f»
*., j
.571 2,,048,331 2*604,316
44.76#
.
151*0*2
1 to Nor, 30,.,, 0,,237,766
low# Ciasrml ..***,**.***.,.?
41.645
7M i
80,078
65,086
its,,503 198*,586
At# Oxsftd#
.b.,Nur.
Kaaawha A M ichigan..
“ Jiil
*353
m.%
774*418 $46.859
2
,748
i
,1
1
0
7
-,062
Jar*.
1
I#
N#7,
30.
,**
Eaa. City Ittlab. A tftilf
7.7 If
2.3 2
5.450
|«lf 1 to Nov. 30..... 084,784 1*200.,072 40?,484 460,.633
Lalte Erie A UTeetera..*. J lOf.llf
1 i -574
17,*321
5*2*553
6*270 «!*U4*307
155,872 A#*?, Atort
Lofttif'llfl# A M#*h%Ilie .. < 456.795 6i2,687i
483,,023
SO.521 143832
3##. 1. to Nwr. 30,..^, 4 toI f f
,t, ,1
m b I*. If- Allm n f A C h k ;
m a t
11,458
Mexican C catra!............ .!
241,50* a3t,3Mf
10,2* 4
00utfe#rri Factor Ck*„—M ^slcoo NaOonat
105071 It f72121
; Atlaoifc ifftois..bNor. 1.144,*105 1,Sif.,88* 817328 067,,313
M M t
M#» FaclSe A Irr-n Mh.. - 735,000
117,000
STSgCtttlt
J*s. I to Nor, 30.. U*S®i7,*#88 12*0S0,847 8.833.115 3.311.485
..
,
N. V-0&MU90 A W«*tcr?*,
#4#80l
1*72# sFtactfi#iftaltatai,b..ffov, f ,707,#31
T & f,15#,505
. ......%, . $.....
....... .....1,096;
.......0 7 5
Norfolk A We*tern.......
ru n 1
S5,.--7!
j - m , I to Nov. 30. .32.37***32 82,935.813 12.892,#70 X3,084,753
58,617
T U iibu rt A W«*ati»ro.....|
<NVt0j|J
7. mi
Total of *U b ..Nor. 1.211,13'« 1*1x7,706 i,076*330 1,763*38# '
0t-Joaepfe A (M . inland.. {
i».50»X
8*200
3«i.. I to Nf*v, ;io.. 4 4,366,740 44,8M,iQ2 16,225,034 16,316.238
. ,. r
#t. U »ii #aik«M tin.,
174.940 17
17to
Taxa* A
151119
Whftotor
t0 Kuf! »'o VffV.
........
........
15,236
5,947
.«.'. i
3.7*9
Toledo A OMoOtotml.. I
J8,563
37,171
55*937’
I Oft. 1 t# NAW, SO*,**
148*211
72,880**.r..:,rr 1 £0.000
W e8w ili.,»».. .* ,* * ... ..... | 11**0)90
T?3.O0O
lotjy 1 to No?, 3(6...
........
........
64,707
28,787
W beellBf A LaAe Erie .. )
i.5<49
i
ik NctowrAtnir* heft* irlrco nre #ftor ttodnctlru? toll#
t* 2T«t carutitr* i»»tn rtvoo arc twfon# OcMluotlnr Uie*.
V7l7«is3i
I * 4 ft#?0***t trtittc otto r «r#m *0tarcM f‘ »r r e jo t o t rcpLircramitt and
Net
11SC*! p.
... yaa,*.* 1
i#0«sf#l * • $0®s*W&I!#»¥!«*■• 4|*i>li€MtolctoffU'ert*8to» tonMh toffarember
* f& dhdce Ohio A Ikla*! iipt*t is i« tb yeAr#and for 11 iriaaiOf #838.744#
, kw#I#»t #14*».A#8 l**f
fill# $11
Aaralltol ft.tl0**789;, Mwiieiui itoliar# .aro froAtod m wioiratoot to 80
Our filial Malern^a rd *»rts tog* for t)m third week of itelit.#
Utilfetd914*9’‘"’i mouer, »ii<I all fP-jinoirttoa Defttul 20 per coot I#
Dec* ruber ooretji 6fi it nil at, 1 ailo w# a ktai of 11 71 p r eeoL
in th rkaboro itow»-

oof arlfra
I
aurcorr. < Tot Col. A Ot»,u*o.-i4*4
fo5 the W4fk os0 *tsc4 Jaix. 1 3n hulls jeort. / liscitol** oaljr half of

1S93,
im
,
A
♦
,52 s^rf«*i 5,420.397 6,217,474
A tA
Tep A lattf# F ® :\ i 7,
710,40-1
{ ;7,i Tl'l
SH-f-mita A 8en Fran i
17«,*H4
#5,5 :?*
Baric cs«JL jkip. a N orth ..
88,07«
Clere. Aknron A C*»iaro»* :
10*6XI
:
Dmlstf^ff. 8..% m k m t m , ,.
2^,911
44,719
FHnt A Pen Mxru
4«,*155
»T,uw:
CBr r un . A ^irinr
5379
Kan. « , Ft. 0. A Mem___
97*940
79,4 41
004*47
K#n- Oir stern-, A film.
33.00V
M im > r*i
.» :
5,662
5,4 41
© W A S U V w r . . ...
12397
17,7*8
21.^44
5117131
To]*4#Eeori#
30.3 *>0
34,(80
to«Sx ail •k r fjBftt**
§SM
4 Ffi,
TB*lt
If »00O
Wt&Ai 0$ ?m0'0‘t ... .. ,; 0*857,855 7,5il*399:
Nef df ♦’Tea*# il t *71 pxA.: **»*..*.
* Ibeltil## Oiufsuto Mlrtla»4 in Iwili yerr?.

B e*rest

1
#V2*03!
U*- 14
:
rf ,...f- 1
7.1M)
3,67.5
it, 462
794.
rt f
19.493
62221
4,SSI
1*4-47
4.116
. -, # »- .........
hi
61.907! r»t5,5U
883,514
#
60.-370-

Interest Charge* and Sttrplas.—The following roads, in
addition to their gro wand net earning* given in the foregoing,
also report charges for interest, do,, with the surplus or deiicit
above a t below those charges.
!

4803,
S

rta,U%b,

Afch. T. A «. Fa. , N#r. t t t ,000
Inly I to Mur. 3 E.». 4.,710*000
'%$?h,000
: St L. A 0.
4 Ttfijr 1 to N<»v, ML... 1,428,,900
ACTfc^to tiittal... Nat. I.. *000

6 ,138, o m
830,m o
lato 1 to 'N0v. 80..., 9<(130,,000
I>®mrrr A Bf«
.N«r. 204..747
July 1. to Nor, 80,... 1 *012,500

Italy 1 to Nor.
Cliic, Hurl. A Qatttcy. Nut ,

i After adding oilier inromc.

IB0SL

of

1801.
$

^07***'“

.1892,
$

019;,000 m i i 4.63 1459,.235
4 ,505,000 M,4l«,97$ 12,070,,147
275,,000 def.67.Mo d e l 17, 47<r
! ,378i,000 dcf.98,,794, 386,,529
1 T9 4,000 1246,,02.4 1441,,759
5.*070,,000 14818484. 12,456,,676
$15,,075 585,,646 556,.246
3,959,,015
St,965,326 3*542,
88,,224 183,,221
233,,25$
t,12$.728 112 ,017 753.,087

THE CHRONICLE.

42

GENERAL IN VESTM EN T N E W S.
American Straw Board.—Treasurer Moore, in a circular
letter to the stocahjlders of the American Straw Board Com­
pany, says :
Th e records show th a t from Tulv 1. 1 3 8 9 . to N ov, 3 0 , 1 8 9 3 , up w ard
o f 4*700,*m»0 has been e x p e n d 'd in ad dition s an 1 im p rove m en ts. T h e
hills and accounts payable h a v e been reduced to a m oderate sum .
D iv id en d s have been p tid at the r *te o f 2 per ce n t q u a r t s ly until the
la6t. tw o qu arters o f the present year, in June last the trade o f the
co m p a n y , like the business o f uearlv every o th e r i •d u stry, began to
fall off, and in August the ord ers received w ere 75 per cen t lesa than
th e usu ul num ber. The m a n a g em en t deem ed it w ise and pru len t to
pass the regu lar qu arterly dividends.
The books 8'iow th a t the
m aou fiiotu iiu g aud sellin g exp en ses have been largely reduced since
th e orgauiz m e n . and fu rther radical reductions are being n u d i to
m e e t the exigen cies of the ti ne<. L irgA su m s o f m oney h a ve been
a d d u c e d a t various tim es *o th e co m p a n y at a groat personal saeiitico
t o th ose w ho have financially aided it sinoe its orgAuizacion.
BALANCE SHEET.
D e c . 31 ’ 9 2 . N o v . 3 0 , ’ 9 3 .
ASS'tS—
R eal estate, p a te n ts and m achinery.
A d d itio n s and m i m ovem e n ts ..........
N ew Portage con struction accou n t.
O heateitow u con struction a c c o u a t..
P erson al p ro p e rty .....................................

Me< oliaudbe.......................................

S u p p l i e s .........................................................
B ills r e c e i v a b l e .........................................
A c co u n ts re c e iv a b le ................................
Su spen se a co o u u t.......................................
C a sh ...................................................................
B o n d s iu h ands o f T r e a s u r e r .............
Sinking fu n d ......................................

$

.6,17 4,(306
4 1 ,0 1 0
. 1 7 s ,6 7 0

101,9^8
374, 9 i
3 6 8 .7 8 6
7 3 ,3 2 5
5 6 0 ,3 4 7
1 1 .3 7 2
4 S ,9 4 l
114. 00
8 3 ,1 2 6

T o ta l a sse ts......................................................................8 ,1 4 0 ,6 6 0
L ia tr ititie s —
-Capital sti c k ............................................................................6 ,0 0 0 .0 0 0
A c c o u n ts p a y a b le.................................................................
4 3 .7 2 6
B ills p a y a b le..................................................
5 5 4 ,5 5 9
O hestertow n con stru ction accou n t...........................
4i
B o n d s ............................................................................................1 ,1 9 5 ,0 0 0
B o n d iJtere&t .......................................................................
2 7 ,0 2 5
3 2 0 ,3 0 4
S u r p lu s .......................
T o ta l lia b ilitie s..........................................................v 8 , 1 4 0 ,6 6 9

$

6 ,3 8 7 ,8 9 0
1 4 4 ,9 1 6
i 9 ,8 1 6
1 6 6 .4 S 5
2 7 4 716
22 9 094
1 8 .4 0 5

361.S40
14 945
1 2 ,3 32
1 9 ,0 0 0
3 ,7 o l

7 ,7 6 2 ,674

6,000,000
8 0 ,4 6 9
1 9 1 .1 2 2

l, 10 o.o«0
21,^20
3 6 9 ,4 6 2
7 ,7 6 2 ,6 7 4

Atchison Topeka
Santa Fe.—The receivers of this com­
pany have issued an official statement which gives important
explanations that refute many of the unauohorized reports
that have found their way into print. Tne circular is as
follow s:
C able dispa tch es published b y th e A m erican press in d ica te th a t som e
E n g lish new sp apers h a ve given cu rrency recently to certain in a cc u ­
rate statem en ts, te e^raph ed orig iu a lly fro m • liicago and purporting
to have been m ade by M r. G eorge R. P e c*, the G e era! S o licitor o f the
A tch ison s> ste m , and M r W ilson , recen tly ap pointed on e o f the re­
ceivers o f th e property of th e com p an y. In these alleged e x tra c ts
from in terview s these gen tlem en are represented as s a y iu g th a t the
A te h iso u system w a s know n to be in so lv en t aR earlv as la st A u gu st,
a n d th a t le g a l papers w ere theD draw n in an ticipa tion o f a reeeivershi p.
B oth th ese g en tlem en declare th a t the sta tem en ts attrib u ted to them
are fa lse and w ith ou t foun dation.
T h e financial conditiou o f the A tch ison C om pan y w as c le a ily and
a ccu rately given in th e sta te m e n t o f tb e directors issued D ecem b er 2 * .
sh o w in g that its W e stern accounts w ere norm al, w hich is confirm ed
b y the fa ct th a t the p a y-ro lls fo r Novem i er, w hich agg regate m onttily
fo r tue en tire sy ste m o f 9 ,3 4 5 m iles o f railroad abo u t $ 1 , m o .o u u . w«*re
practically D ot delayed, e x c e p t du ring a few d ays iu w h ich the re­
ceiversh ip m a tters w ere under discu ssion. Th e p a y m en t o f these
rolls is n o w about com p leted.
T h e con ditio n o f th e sy ste m , in clu d in g th e St. L o u is & Sa n F ra n ­
c is c o , A tla n tic & P acific. C o'ora do M idland, a n d all other a u x ilia ry
com p au ies, is as g iven in th e directors’ siat< m e e t o f D -c e m b e r 2 3 ,
w h ich sh ow s total dem and and tim e loans and notes w ith collateral
due fro m D ecem b er. 1&93, to June, 189 4 , +6 3u0,«<uu, and total coupon
in terest and o h e r fl< e d o b l:g itions due J an u ary 1, in s t.. # 3 ,9 0 \uoo.
Since the ap p oin tm en t oi receivers the loans h a v e been con tin ued and
the collateral held in ta ct for th e com p an y
T h is practically le it e s the A tehisou C om pan y, for its e lf and all its
a u x ilia rie s, in addition to th e floatin g debt abo ve stated, ow iu g but
$3,9oO ,O uo, bein g the agg regate a m o u n t o f the iu tercet due Jan u ary 1,
1894.
Tn ere has been no sta tem en t g iven to the p u b lic o f an y k in d from
official sou rces su g gestin g financial reorganization, so th a t all reports
pu blish ed in A m e ric a aud E u rope o f proposed ass- asm ent o n stock
and the return o f second m ortgag e bonds ro in com e bonds, or o f the
disintegration o f the sy stem , h a ve no otlicial basis.
U pon th e return of ih e sid e n t R ein h art from E u rop e h e w a s con fid e n t o f the ability o f the com p any to p y its interest ou J m u ary 1,
and g a v e exp ression to this belier w ith out hesitation. Th e con dition
o f th e n egotiation s w as such th a t h e saw no reason to ch ange his
v ie w s until the aftern o on o f M onday, t in 1 - t h d ay o f Deot-mber,
w h en it becam e know n to the officers o f th e com p an y th at ch airm a n
M agou n could n o t po ssib ly su rv iv e m ore than a few da ys. T h is fa ct
a d d ed m a n y com p lication s to th e situation a id upou the sam e dav.
fro m ad vices received from abroad Mr. R einhart becam e satisfied th a t
th e com pany could n o t raise the m oney necessary to pass th e 1st of
Ja n u a ry , althou gh en cou ra gem en t w as still held out by th o *e largely
in terested iu the c >inpauy th a t th e su m required m ig h t be provided.
T h e officers o f the com pany then found them selves cou tronted by tois
s itu a tio n : W ith u n certain ty as to w heth er the full a m o u n t required
to p ay th e January in terest could ue s. cured and the ex p e cte d death
o f th e C hairm an o f the B oard, in the then un settled condition o f the
m a rk et, both here aud abroad, it appeal ed to be alto g eth e r probable
th a t the prices o f the com p an y's secu rities w ould fa il, thu s depreciat­
in g the value o f the bonds held as collateral fo r the flo a tiu g dent.
E v e n i f the m onev required cou ld h i v e been borrow ed by the com an y and paid o u t a s in te re st. the loan s m ig h t ha ve been pressed to
e fau lt. th e in tegrity o f the sy stem aud m e in terests or the stock ­
holders! and all classes o f ered ito js w ould have been en dan g ered, aud
th e m on ey thu s borrow ed specially fo r the p a y m e n t o f in terest cou d
n o t be returned.
U nder the. circu m stan ces a m eetin g o f the directors wras convened
and i t w as determ in ed 10 be th eir du ty to la k e such step s as m igh t
b est con serve the iu te ie sts or the com p an y, n s stock holders, bmul
h o ld e is and cred itors, and to p reven t the disintegration o f tne system ,
and n o t to oppose the ap poin tm en t o f rece iv ers if asked fo r by those
w hose in terests it w ould no to preserve an d p ro te ct the p ro p erty as a
w hole.
it w as la te ou M on d ay, D ec. 1 8 , w hen th e officers o f the com p any
b ec a m e feutit-fled th a t p ro m p t action w a s necessary to p ro te ct a d in ­
te re sts

S

rvoL. l v i i i ,

On the a f e r n o o n o f the fo llo w in g d ^ p ’ F i » » 1 * - U p-p * o b er l ° t h ,
counsel representing the A tch iso n and 8 t. Louis & Ran Francisco
C o m p -n ies. aud the counsel o f the T ru st C o m p a n ie s Trustees o f th
iu«*rigages c o v e iiu g all tb e properties o f th e railroad com p anies bega11
the preparation o f the n ecessary p a p e r s w hich w ere e o m p 'eted o u
T h ursd ay D ecem ber z l s t . on w hich (lay cou n sel le ft fo r tbe W e s t t o
s m m i t th e p a p ers to Tudge C aldw ell a t L i t t e Rock, Arkansas. Prior
to Tupsd iy no suggestions w ere marie, nor p apers draw n up or step s
o f any kind taken tow ard the ap p oin tm en t of receivers.
U n d er ordinary circu m stan ces it would n o t be im p ortan t to state
these foots, but the m isrepresentations th at have been cab led a b r o a d
coupled with the n am es o f officers o f the A tch i ou S ^ t e m ren der it
desirable that the e x a c t fa c ts should be sta te d aud kn ow n.
J. W . R F IN H ART,
J. J. M cC O O K ,
J. C. W IL S O N ,
N e w Y o rk, Jan uary 4 , 1 8 9 4 .
R ec e iv e r s .

Atlantic <fe P acific.—The receivers just appointed for the
Atl otic & Tactile Railroid, which i3 a part of the Atchison
system, are Messrs Reinhart, McCook and Wilson. This ac­
tion is in accord with the order of Judge Caldwell, of Little
Rock, as to keeping intact the entire system.
B* ooklyn Elevated.—The President states in an address to
the stockholders, that:
“ On Jan uary 1st. 1 8 9 3 , you r C om pan y h ad a surp lus o f $ 1 9 5 ,2 9 5 .
o f w h i-h $ l « 7 ,3 S • w as earned during 1 8 9 2 . T h is w as after p a y iu g all
bac tax**s that w ere due to th e ( ity o f B rooklvn sin ce the orga n iza­
tion o f the com p ai y . D uring the yea r 1 8 9 3 you r com p an y h a s a s ­
sum ed control o f 3 2 -1 0 m iles of railroad con stru cted un der the ch arter
o f th e Seaside & B. B E l. RR. ^ o ., to w it, fro m Fultou S treet aud V a n
S ic k e n A ven u e to the e n t r a n c e d C ypress H ills C em etery l 4 10 m iles,
and fro m the intersection o f 5th A v en u e and 3 8 th S treet to 3 d A v e Due, an d along 3d A ven u e to 6 7 th Street, l 8 -1 0 m iles
Niue new s ta ­
tions fo r the accom m odation o f passen gers w ere th ereby ad ded to
vou r
system , w hich
now
con sists o f 2 0 - LO m iles o f double­
track raiiroad, w ith the
n ecessary third tra ck s, sidings, shops
and yard trucks. D u rin g th e year i 8 9 2 .-i7,314 ,6 4 0 p asseu gers w ere
transported ove r you r system , w h ile during th e yea r 1 8 9 3 , w ith about
ihree m iles o f addition al road operated fo r fou r m ou th s, the co m p a u y
tra sported 3 5 ,9 2 6 ,3 5 5 passengers, a decrease o f about 34» per cent,
i he resu lt o f this d ecrease, to g eth er w ith the ir creased fixed ch arges,
has been that, in stead o f earning a surplus, th e operation o f you r r a il­
road in 1883. a fte r p r y in g op erating e x p en ses an d all fixed ch arges,
iuclud in g ta x e s , legal exp en ses, e ’ c., has resu lted in a red u ction o f the
surplus from $1 9 5 ,2 9 5 88 to a surplus $ 1 7 8 ,1 8 * 9 1 . * * * A pro­
test lias already been made b y au in d ign an t pu blic, n o t aga in st the
u e. bu t agaiu st the abuse, o f the privi eges accorded to the su rface
roads, in being perm itted, w ith out restraint, to op erate cars a t a rate
of speed w hich should D ever be tolerated u p on su rface ro a d s op erated
th rou gh th e crow ded streets o f a grea t city.
* * * G eneral con ditions w e tru st w ill soon im p ro v e , and ev e n tu a lly
you r profits w illl be sw elled bv th e irrepressib le” grow th o f thi9 grea t
city. In the m ea n tim e the u tm o st econ om y h a s been practiced b y
your m an a gem en t, and all salaries and w ages reduced from 3 3 to 1 0
per cen t, w hile a t the sam e tim e th e train service is being im p ro v e d
and sm okin g cars ad ded to all trains to m e e t the po pu lar d e m a n d .
W e sincerely hope soon to 1 e able to rep o rt increased ea rn in g s, an d to
restore to our fa ith fu l em p loy ees their fo rm e r w ages.

The statement for the quarter ending September 30 shows
the following :
l Q9 2 .
G ross earn in gs............................................................. $ 4 3 3 ,6 7 4
O p e ia tiu g e x p e n s e s ................................................... 2 5 9 ,8 2 7

1893.
$ 3 9 2 ,7 8 1
2 6 0 ,3 1 7

N e t e arn in gs.............................................................. $ 1 7 3 ,8 4 7
O ther in com e................................................................
2 ,5 7 8

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

T o t a l .............................................................................$ 1 7 6 ,4 2 5
Interest, ren tals and t a x e s ................................... 1 8 1 ,0 7 3

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

B ala n ce................................................................. d ef.

$ 4 ,6 4 8

def. $ 6 1 ,5 4 2

Charlotte Columbia & Augusta.—This road was operated
by the original receivers from June 17, 1392, to July 31,1893, at
a net loss of 8142,063, after paying $274,875 for interest and or­
ganization expenses. The present receivers have operated the
property since the date last mentioned at a profit of $49,351,
having paid $19,146 for interest and organization expenses.
The cash on hand is stated at $2,073 on December 31, the bal­
ance of the profit of $49,351 being made up of material and
accounts due from agents, individuals, railroads and com­
panies.
Receivers were appointed for the C. C. & A. on August 1,
1893, but the operation of the road was continued by the
Richmond & Danville R. R. until December 1, 1893, under
separate accounting.
The C. C. & A. Co. is in default on its 6 per cent con.
mtge. coupons maturing July 1, 1893, and Jan. 1,1894; also on
its first mortgage 7 per cent coupons due January 1, 1894.
Cleveland Canton & Southern.—TheU. S. Court at Cincin­
nati granted this week the application of the receivers to issue
$1,000,000 receivers’ certificates. The issue of these certifi­
cates was assented to by a majority of the junior bondholders,
and will return to the company’s treasury about $2,000,000 of
bonds pledged as collateral.
Columbia & Greenville.—The operation of the Columbia
& Greenvilie by the receivers of Richmond & Danville from
June 17, 1892, to December 31, 1893, resulted in a profit of
$44,646, after payments of $151,547 for interest and organiza­
tion expenses. The cash balance December 31, 1893, is $26,640, the balance being represented by materials on hand and
the amounts due from agents.
The net loss to the R. & D. Company from operating C. &
G. R. R., and its leased line. S. U. & C., from Octooer 1,
IS85, to June 16, 1892, $551,887. The coupons of July, 1893,
were taken up by the Reorganization Committee under
special agreement with the bondholders. The coupons of
January, 1894, are not provided for.
General Electric.— It is stated that this company has de­
cided to concentrate all its departments at Schenectady.
Electrical, engineering aud designing departments are being

Jancaky 6, 18S4.]

THE

CHRONICLE.

removed from the Lynn works and Prof. Thomson will make
Schenectady his headquarters.
The main offices of the company at +4 Broad Street, New
York, are to be removed to Schenectady by February 1, and
most of the force transferred. Vice-President Griffin and
four department managers will have their headquarters at
Schenectady, where the selling department will be trans­
ferred. and there will be a local department in this city, in
charge of Mr. Hughes.
Georgia Central.—At Washington, D. C., Jan. 4, at the
final hearing in the case of the Farmers’ Loan & Trust Com­
pany against the Georgia Central, before Justice Jackson,
attorneys agreed that bids should tie made separately on the
Georgia Central Railway and the Southwestern Railway, and
that a unit bid should also be made; that if the separate bids
should aggregate the amount of the unit bid the roads should
be sold separately, and that one-third of the indebtedness due
the Farmers' Loan & Trust Company be paid by the South­
western R id road Company and two-thirds by the Georgia
Central. July 1 is the date of sale.
The Richmond Terminal Company’s holdings of 42,000
shares of stock of the Georgia Centra! road were not repre­
sented at the latter company’s annual meeting in Savannah,
at which the following directors were elected by the votes of
7,999 shares: H. M. Comer (President), Abraham Vetsburg,
Joseph Hull, G. J. Mills, H. R Jackson, C. H. Phinizy, 8. R
Jaques. E. P. Howell, U. B. Harrold. James Swann, J. B.
Holst, W. S. Tison and L. T. Turner.
Georgia Pacific.—Under the original receivers Georgia
Pacific showed a deficit of $279,353 from June 17, 1893, to
July 31, 1893; under the present receivers it showed a sur­
plus of $114,089 from August 1 to Dec. 31.1893. Payments for
interest, etc., in the fir-t stated period were $456,214, and in
the second $145,943. Georgia Pacific’s cash teUnee in hand
estimated! December 31, 1893, is $5,099. the balance of the
$114,089 surplus above stated being represented by items of
due from agents and conductors, and railroid, Post Office
Department and individual accounts.
So payments of interest on Georgia Pacific bonds have
been made since July, 1892. The first mortgage coupons due
January 1, 1893, were purch tsed by Messrs. Clyde and Stone,
and against the July 1, 1393, coupon, the reorganisation com­
mittee advanced 3** per cent on deposited first mortgage
bond*.
Louisville Evansville Sc St. Lnni*.—At Indianapolis. Jan.
4, Judge Woods placed the Louisville Ev»n*vtll» & St. Louie
Consolidated Railroad in the hands of E. O. Hopkins and
James H. Wilson as receiver*. The action * u taken upon an
application for a receiver made by Thomas Barrett and James
a . Wilson on behalf of the creditors and stockholder* of the
road. The road baa 3®) miles of track and extend* from
Louisville to St. Louis, It was lately controlled by the syndi­
cate of which D. J. Mackey, of Evansville, wa* the bead.
The application alleges that the funded debt, which h in
mortgage bonds upon the railroad property, is flO.OOO.fXK);
that there is a floating debt o f $800,000, of which $50 >.009 is
past due; that the pay-roll* for the months o f November and
December have not been paid.
Sen fork A S en England.—At a meeting of the director*
on Thursday the following resolution was adopted ;

ll'Mntet.l. f a s t ttw Court tie renur-ord In u M f u i no prrsaaue'O r e ­
ceiver ot ib e property o f this n tm p ea y w ho f» either penmoattr raterested. Jo the w o u rtlle so f any rival marpantt/tn or who i* believed to
renroat at. either d lm -tir or tadto-etty, »o s "hostile i t i m m
In the
opinion o f uma Board the appatutm em at Them** tr, ru n m *«t« per<*»sijp*rt reeMvet o f this company** property pending n s n u m t l n

geuM lean to the proteetion sad preservation at *»)<t property and

SresTfy sM in s o -h ft s p e e d y and s n ija fa cto rs re o rg a u tr* t t.m o f tfcts

com pany a* « m U provide the tends to pay the Interest 4 g . » « .! to bfe

coarse 'iuo upon Us mortgage bonds, sad so prevent the fowel<*sure of
sou stockboblers
S en fo rk * N orthern.-The stockholder# o f the Now Y.>rk
•k Northern Railroad Company bold their adjourned annual
meeting on Thursday and elected the following new board of
directors; J, P. Morgan, Jr,, Frank R. Waller, Albert II. Dil­
lard, William R, Townsend. George W. Martin, Charles W ,
King. Mortimer F. Smith, Harry G. Currier, Joseph W. MoCurdy, Walter B. Horn, < F. Cox, Samuel Barton and W.
H- Paulding, The total vote cast was <54,000 share*. of which
47,000 shares were voted in favor of the new board,
New York Lake Erie A Western.—The reorganization
plan was issued just prior to January 1, and it will be found
at length in the advertising columns of the <'HSoxtCLE.
The plan is very simple and easily understood. It pro­
poses a blanket mortgage for an authorized amount of
$70,1)00,000 at 3 per cent and calls upon the second
consolidated mortgage bondholders to furnish new cash
capital to the extent of 22<j per cent of their present
holdings, for which cash they receive the new 5 jwr cent
blanket mortgage bands at 90, and they can then also ex­
change their tU for the new 5*. at par. * Thus the holder of
$4,000old bonds puts in $9ft0 in cash and takes $5,00<i new bonds.
The particular advantage o f the new 5 pet cent mortgage
is in the fact that It has the right of immediate foreclosure In
o»*C of future default, whereas the present second con­
solidated mortgage has the right of foreclosure only after de­
fault on six successive coupons, and the rights of bondholders
are represented as being doubtful. Die new mortgage, it Is
stated, will also cover move property than the second consoli­
dated.
There is no assessment on the stock and no syndicate
agreement to raise money. The second consolidated mort­
»0J m orie.g e on Its property, ftn-i promote th - best im e r e .u of ell lie
creditors

43

gage funded coupon bonds and the funded coupon bonds o f
1885 are treated the same as the second consolidated mort­
gage bonds, while the small issue of income bonds, $508,000,
will be exchanged at par for the new fives, on condition that
each holder subscribes for new bonds at 90 in an amount
equal to his present holdings. Full particulars of the plan,
the amount of new bonds reserved, and the advantages
claimed for it will be found in the advertisement in another
column.
A special meeting of the stockholders of the New York
Lake Erie & Western Railway Co. will be held on Tuesday,
March 6. for the purpose of voting on a resolution consenting
to the execution and issue of a mortgage aggregating 870,000,000. The transfer books of the common and preferred stockswill close January 15.
Sew York Stock Exchange— New Securities Listed.—The
following have been listed this week;
N o r f o l k & W e s t e r s . —$3,781,000 100-year bond®, m akin g
total listed $12,265,000.
Philadelphia A Frankford—Philadelphia A Reading.—
It is reported that the bondholders' committee have adopted
a plan by which the funds are to be provided for the comple­
tion of the Philadelphia & Frankford road and the payment
of the overdue interest on the bonds. The Philadelphia &
Frankford Railroad mortgage is for $500,000 of 5 per cent
bonds, and the stock of the company is held by the Reading
Railroad,
Philadelphia A Reading.—The annual election takes place
on Monday tne 8tb, and it is reported that President Harris
already hul ls proxies much more than sufficient to elect his
board.
In Philadelphia, January 3, Judge Butler, in the United
Stales Circuit Court, banded down an opinion in the proceed­
ings btouifht by I -sac L. Rice against the Philadelphia &
R-adtog Railroad Company's receivers. He sends the matter
to Special Master Crawford for the hearing o f testimony, but
only on several points in the petition. The opinion of Judge
Butter divide* tne subjects of the petition into several dif­
ferent eia«e«. As to the first, which relates to the Boston
A Maine and the New York & New England stock matters,
tin* judge say*:
As re-poets the allegation- contained in sections 4 to 28, I
do not deem a reference neottwary, in so far as they relate to
the acts or conduct of the receivers. In the light of their
answer and of what was said at the hearing, 1 see nothing
biatuank* in the ac<» and omissions imputed to them. The
only reference which the Court orders upon this subject,
which it the great burden o f the petition, is that the Judge
thinks the charges made against Mr. McLeod should ba inves­
tigated with a view of me naming whether he is probably
accountable in respect to the transactions referred to and
should therefore lx; proceeded against.
As regards the second matter, which is the only other one
of any great importance in the petition, namely, that the re­
ceiver- did r ot abandon the !,ebigtr Valiev lease earlier than,
they did. and that they paid rent to the disadvantage of the
Reading Company, the Judge says : “ While I incline decid­
edly to the belief that the receivers were justified by the cir­
cumstances m doing as they did. yet in view of the large
amount in volved, and the fact alleged that the petitioner was
not afforded an opportunity of bung heard before the re­
ceiver* acted, I think these matters should b<* referred to the
Master to take such proofs as may be offered.”
The only other »ubj<?ct which tne Court refers to the Matter
is the allegation in respect to the receivers’ failure to comply
with the provisions of the order appointing them with respect
to an inventory and the accounts, as to which the Judgeaays:
*' I deem it wise to refer ttiLs subject to the Master for inquiry
and report,"
AH tne other subjects, such as that the receivers discrim­
inated in favor of the Lehigh Valley Railroad, that the re­
ceiver* failed in their duty respecting’ the alleged issue by the
company of $8,700,009 of income bonds, that the receiver*
recognized an illegal contract of the purchase of 10,000 care
made by the company immediately before the appointment
of the receivers, and several others o f like character, the Court
r-‘fu - d to refer to the Master at all, saying, in regard to some
of the allegation*, that ** there is no doubt the petitioner has
proceeded on insufficient informations, and, in view of the
respondent#* denial, I feel no hesitation in refusing a refer­
ence.”
With respect to the allegation that Mr. Harris had promo­
ted tin* adoption of the late plan of reorganization, the Court
stud that what he did wa- in pursuance of the order of the
board of the company, and that, as President of the company,
he had a tight to promote a scheme for reorgmiz ition.
Finally tits < mr s od that it would hold tne petitioner, Mr.
Rice, responsible for the payment of the costs of the inquiry
if he failed altogether, and partially to the extent that he
should fail.
—The Speyer syndicate has renewed the Reading loan of
$2,500,090 for throe months on the terms which were proposed
at th«* time of the extension last October. It is understood
that the Reading receivers deposited an additional $300,090
collateral,
—In Philadelphia, December 80, Judge Arnold, in com m on!
Pleas Court, granted to H. P. Goldschmidt- & Co, and Th
Barrett. New York stockholders of the Philadelphia <fe Bewfing Railroad Co., a writ o f mandamus on the officer* of the
company to permit the complainants to inspect the stock

44

THE CHRONICLE.

iv o t . l v i u

ledger or the list of shareholders of the company and make
e G T o m m e r r ia l j i n x e s .
copies thereof.
Richmond & Danville.—The receivers of the Richmond &
Danville system have issued a statement of operations cover­
COMMERCIAL EPITOME.
ing the period from June 16, 1893, to July 81, 1893, when
F k i d a y N i g h t , Jan. 5,1894.
Messrs. Huidekoper and Foster were receivers; also from
Aug. 1, 1893, to Dec. 81, 1893, when Messrs. Spencer, Huide­
Some increase in movement of staple articles of merchan­
koper and Foster were receivers. The Richmond & Danville dise is noticeable, but buyers adhere to cautious methods and
proper was operated by receivers Huidekoper and Foster from refuse to invest beyond the requirements of immediate neces­
June 16, 1892, to July 31, 1893, with the following results:
sity. An improved tone has developed in the wheat market,
Cash from R. A D . Co................................................................
$180,428 in consequence of a falling away of receipts at Western locali­
Earnings....................................................................................... 13,454,755 ties and an increased foreign business at the seaboard, and a
Miscellaneous sources .............................................................
297,518
Traffic balances collected.........................................................
424,316 reflection of that gain is found iu the increased attention
Rentals and old accounts........... .......................................... ..
775,038 given flour. Corn secures fair export demand at better rates.
Cured meats are quiet. Advices from the winter-wheat
Total receipts..................................
$15,432,055
localities report crop conditions promising. A noteworthy
$3,249,482 feature of the current week was the decline in price o f both
Interest and ren tals....................
Car trust payments, etc...........................................................
486,368
Interest on receivers’ certificates...........................................
56,400 raw and refined sugars to the lowest level known to the trade.
O th er oper. ex p en ses (partly prior to J u n e 1 6 )......................... 3 1 ,4 9 8 ,4 8 0
The following is a comparative statement of stocks o f
Caen on hand....................
141,325 leading articles of merchandise at dates given:
Total payments...................................................................$15,432,055

From August 1 to Nov. 30, under present receivers, results
were :

1893.
Dec. 1.

1894.
Jan. 1.

Pork.......................... .......... bbls.
Lard.........................
Tobacco, domestic .
Cash on hand....................................................
247,419
Tobacco, foreign ....
Coffee, Rio................
$3,836,984 Coflee, other.............
Ooffee, Java, Ac....... ........ mats.
For December receipts are estimated at §1,101,053 and Sugar
.......................
disbursements at $75 ,506, showing an estimated cash balance -ingar ....................... .......boxes.
Jan. 1, 1894, of $343,547, after allowing for Nov. 30 cash bal SiA^ar........................ . .bags, Ac.
Meiado......................
ance. Interest and rentals to be provided for Jan. 1, 1894, Molasses,
foreign .. . ........ hhds.
follow, exclusive of Georgia Pacific and Columbia&Green ville: Molasses, domestio.
W estern N orth C arolina i n t e r e s t ....................................... ..................... $ 7 5 ,9 3 0
Hides......................... ........... No.
Roswell i n t e r e s t ..................................................................................
1,137 Ootton.......................
3 ,0 0 0
F ran klin & P ittsylvan ia in terest ............................ ...............................
Rosin........................
R iohm ond Y o rk R iver A C hesapeake 1 s t m ortgag e interest. .
1 6 ,0 0 0 Spirits turpentine...
Rental Char. & Kapidau..........................................
17,650 T a r ........................... ........ bbls.
R ental A . A C. A ir L ine (interest on 1st m o rtg a g e)........................ 1 4 8 ,7 5 0
Rloe, E. I .................
R e n ta l N orth Carolina R. R .......................................................................... 1 3 1 ,0 4 4
Rice, domestio........
In terest on receivers’ certifica tes.............. , ............................................
2 8 ,8 0 0
Linseed ..................
Car tr u s ts ...................................................................
1 8 .6 0 0 Saltpetre....................
J u ly , 1893, R. & D . 6 per cen t coupons w ith in te re s t.................. 1 8 5 ,3 0 7
Jute butts ...............
Manila hemp__ .. .
T o t a l.............................................................................................. $626,219 8isal hemp.............. ........ bales.
C ash balan ce as a b o v e ...................................................................................
3 4 3 .5 4 7
Flour................bbls. and sacks.
Cash deficit Jan. 1.................................................................... $282,6.2

2.207
7,872
16,266
45,751
114,263
17,493
66,566
85
None.
184,846
None.
317
1,800
191,300
161,119
21,290
2,081
1,880
4,500
2,100
None.
4,000
7,000
None.
7,120
188,6' 0

6,498
10,078
15,722
43,679
122,514
12,697
52,173
101
None.
106,492
None.
108
1,200
182,600
237,372
30,697
1,852
2,180
3,250
2,900
None.
5,500
7,700
2,056
4,641
213,700

Receipts ...............................................................
$3,536,984
Operating expenses....................
$2,998,103
In terest an d ren ta ls ........................................

5 9 1 ,4 5 7

The amount of interest in default on securities which were
left undisturbed by the plan of reorganization, exclusive of
Georgia Pacific and Columbia & Greenville, is $582,775, as
follows : R. & D. consolidated 6s $179,910; R. & D. deben­
tures $302,940; York River seconds and stock $24,925; C. C.
& A. firsts, $70,000. This does not make any allowance for in­
terest and commission on floating debt (in arrears from Aug.
1, ’92, about $400,000) or on any of the bonds affected by the
reorganization plan.
Southwestern of Georgia.—The directors of this railroad
adopted a series of resolutions at a meeting held recently.
These resolutions provide that the President and Mr. J. S.
Baxter shall take the road out of the control of the Central
and collect the money due from the latter, form anew organi­
zation, purchase, under the car trust plan, or lease, sufficient
equipment to conduct the business of the line. They declare
the intention of the Southwestern to provide funds necessary
to meet any liability under the tripartite bonds, also its pur­
pose to secure by purchase or consolidation the Montgomery
& Eufaula and the Mobile & Girard roads. They direct the
officers to make a mortgage at not over 5 per cent to a New
York trust company on all the property of the road. Of this
mortgage $2,750,000 is to be used to provide for the Southwest­
ern liability under the triparite bonds and to pay for equip­
ment and betterments. Two millions of the bonds are to be
used to acquire the Montgomery & Eufaula and to pay for bet­
terments on that line, $1,250,000 for the Mobile & Girard.
—A committee owning and representing over 85 per cent of
the Denver City Water Works Company 5 per cent general
mortgage bonds, Edward E. Poor, Vice-President National
Park Bank, New York, chairman, having been constituted
for the protection of their own interests, now invite all bond­
holders to co-operate with them. Bonds should be deposited
with the Central Trust Company. Depositors will be re­
quired to pay $5 per bond for the ordinary expenses of the
committee at the time of making such deposits. The time
for deposit has been limited to January 10, after which date
bonds will only be received upon payment of $5 per bond in
addition to the regular contribution of $5 per bond for ex­
penses.
—The Reorganization Committee of the Nicaragua Canal
Construction Company, Mr. J, R. Bartlett, Chairman, an­
nounce that they have received assent of over 60,000 shares
o f the capital stock,being more than a majority, and that the
reorganization agreement is declared operative and in
full effect. The time for depositing the stock is limited to
February 5, and all stockholders who fail to deposit their
stock may be excluded from the benefits of the proposed re­
organization.
—An interesting review of the operations of Virginia roads
during the year just closed appeared in the Richmond Times
of December 31. The article was written by Mr. Robert
Lancaster Williams, of the well-known banking house of
Messrs. John L. Williams & Sons, of Richmond.

1893.
Jan. 1.
11,2557,266
18,8m
42.492
268,198
15,515
41,718
None.
None.
279,625
None,.
None.
3,200
287,900
300,643
19,091
1,957
3,311
7,500
4,500
None.
14,000
44,250
None.
3,494
223,800

Lard on the spot received increased attention from export­
ers early in the week and prices advanced a trifle, but later
trade became slow and the improvement was lost, closing at
7%c. for prime City, 8'35c. for prime Western and 8-75c. for
refined for the Continent. The speculation in lard for future
delivery at this market more active but prices have weakened
slightly under liberal receipts of swine at primary points.
D A I L Y CLOSIN G P R IC E S O F L A R D F U T U R E S.

Sal.

January............................ 8Y8
February....................................
May.................................. 7*95

iTon.

«

p)
vj

Tiles.

8‘25
8T5
8 00

Wed.

8'10
7-95
7 91

lh u rs.

8’ 15
7*95
7*95

Fn-

8-15
8*00
7*90

Pork has sold moderately well at steady prices, closing at
$13 75@$14 50 for mess.
Cut meats have been quiet but
steady. Tallow has advanced to 5 3-16c. Cotton-seed oil has
been quiet but steady at 29@29J^c. for prime crude and 34e.
for yellow.
Coffee was firm early in the week, but toward the close lost
tone. Rio quoted at 18%c. for No. 7 ; good Cucuta at 21@
21J^c., and interior Padang at 23)^'324c. Contracts for future
delivery advanced on foreign buying orders, but demand be­
coming satisfied, prices weakened. To-day there is renewed
strength on small crop estimates.
The following are the final asking prices :
Ja n ..................17 20c. I A p r .................. 16*25c. I J u ly .................. l5*65o.
F eb.. ............... 16*80o. M ay ................._.16T5c. A ug .................. 15'50o.
M oh .................16*50c. I J u n e ................15*95c. |S e p t .................. 15*35o

Raw sugars have been dull and lower, closing unsettled.
Centrifugal quoted at 2%c. for 96 deg. test and muscovado at
2%c. for 89 deg. test. Refined sugars have declined to the
lowest cost on record without attracting unusual demand;
granulated 4c. Other staple groceries moderately active.
For Kentucky tobacco the demand has been slow but
prices have held steady. Seed leaf tobacco has attracted very
little attention, but prices have been without change. S lies
for the week were 759 cases, as follows : 100 cases 1892 crop,
New England Havana, 18j50c. ; 150 cases 1892 crop, Penn­
sylvania Havana, ll.*ai2c. ; 300 cases 1892 crop, Ohio, 10c.;
100 cases 1892 crop, Wisconsin Havana, 8 a 10c., and 100 cases
sundries, 6 g 32c. ; also 400 bales Havana, 68c. @81 10, and 150
bales Sumatra, $2 80.g$4 20.
For Straits tin the market has been slow and prices have
declined, but at the close the tone was steady at 20*35c.
Ingot copper has been in slow demand, but prices have held
steady, closing at 10c. for Lake. Lead has continued slow,
but prices have made no important change, closing steady
at 3*17^c. for domestic. Spelter has declined, but the close
was steady at 3*45c. fqr domestic. Pig iron was quiet at
$11@$14 50 for domestic.
Refined petiolumis unchanged at 5*15c. in bbls., 2*65c. in
bulk and 6*25c. in cases; crude in bbls. is quiet, Washing­
ton closing at 6c. in bbls. and 3*50c. in bulk; naphtha
5%c. Crude certificates have been dull, closing with sellers
at 69c. Spirits turpentine has advanced on stronger Southern
advices to 29^@30J^c. Rosin is dull and unchanged at $1 25
@$1 27^ for common and good strained. W ool is quiet but
steady. Hops are dull and unchanged.

THE CHRONICLE.

J anuary 6, 1834.]

In addition to above exports, our telegrams to-night also
give us the following amouits of cotton on shipboard, not
.cleared, a* the . porta mmed. W e add similar figures fo r
New York, which are prepared for our special use by Messrs,
Lambert & Birrows. 24 Beaver Street.

C O T T O N .
January 0, 1894.
T h e Movement o f t h e C hop, as indicated by our telegrams
from the South to-night, is given below; For the week ending
this evening the total receipts have reached 19),703 bales,
against 330,140 bales last week and 291,975 bale® the previous
week; making the total receipts since the 1st of Sept., 1893.
4,317,902 bales, against 3,691.854 bales for the same period of
1892-3, showing ao increase since Sept. 1. 1893. of 656,10s bales.
F r id a y N ig h t .

R ec'ipu at—

Hon. j T ua . ; Wed.

Sai.

Tfl urs.

Fri.

ON SHIPBOARD, NOT CLEARED—FOR
Jan b at—

Total.

G alveston-------- 5.552... RJ.1G_.5U32. *.927 3,198 3,618 27,938
916
Velasco. Ac —
.....
.......
91S
' '-I . . . . . . f . . . . . .
New O rleans.. 23,751 13,150. 6,907 10,949 I t 973 5,779 77,504
393
1,825
382 1,910
210
M obile...............
225
1,951
.....
........
991
F lo rid a .., j .......
.........
9»l|
........
3,330
S avan nah. . . . . .
MW 2,53 7 3 055 1,055 3,211 15,193
------371,
614
= «
.........
Bruasw'k, Ac.
7,262
950 2,114
654
202
C h a rie.ton ....... 2 ,2S * 1,010
Ft. R oyal, Ac. 1,337
........
.........■ 5»**8, 10,165
211
319, 1,579
W ilm ington___
300
325 . . . . . . j' 3.2 91!
..... | ......
12
Wash'ton, Ac.
19
2,912
N orfolk.............
587 5,876 1.330
1,910
921.; 1 3 .5 U
105
8,459
West P oin t...
1 J 0 ? - - . . j 3,101 2,209 1,074
2,389
N’port N., Ac.
........ • 2.389,!
3,94 7
Hew Y o r k ......
t a o 1.071
400
3C0j l . o u
665
813 1,686
705* 7,210
Boston . . . . ___
2,397
371
3.80*
B altim ore_____
601
..... .j ......
.........i 3 .1 0 ,;
176!
52 «
146
120! 1,191
FMladel (*•**<!
22!
-• v l
Xot'la tW » w e e k it4 > 3 l 82,029) 23.S4J 32.823, 22,311 30.663(190,703

The following shows the week's total receipts, the total since
1893-94.
rM » fiiiue Sep.
Week. 1, 1893.

keetlpU Is
Jan. S.
G alveston ...
Velasco, Ac.

New Orleans
M o b ile .......
F lo r id a ......
S avan n ah ...
Br'wtek.A*
Charleston..
P.Boynl,Ae
Wilmington,.
Wash’ s, AC
N o rfo lk .......
Weet Point

N ytX .A e
New Y o rk ...
B o s to n ....... .
B altim ore...
P U !a,le!.,A c

1392-93.

!

ThU .finer Sep.
Week. | 1 ,1 892 . f

Stork.
im L

i

1995.

184.271
372938 839.911 19,560 639,435
125.100
948
34,7*1!
765!
IJ 8 5
28.669
77.504 I J 13.549
1,035,266 380.469 350,000
3,611
134,431!
4.951 151,150
44,481
46.714
931
35,775,
369
21,413.
15.108 743.201 11,266, 61 6J3® 130,6.46 117,147
49,945
*.458 130,805;
614
12 .2*2
8.000,
3.956 a to . *06
7.282- 263.742
54 979
90,729
a ,,,* '
„j
43.323'
10.195
344!
4,579. 163.696
5.279 143,956.
« * ,4 6 l
19.065
15.8'
19
UHtTj
Iff
2,501 1*9.119
13.541 357,128
93,050
43 5 >*
8,459 175,301! 3.673 166.051
24,183
U T il
30,519! 1,117
2,389
14.2*0
6.828'
1,020
32,480
2.725
3.947,
27,538 327.620 305,320
7.2 10
51,818
4,162
50.632
ua.ooo
31,» 00
3,80-2
32,299
5,426
3 1 .5 V
25,954*
30,507
1,191
20,901
1,597
24,515'
1 1,49 J
9,396

l a order th a t c o m p a n a o tt m a y lie m a d e w ith o t h e r vi-ara, w
givt? t e i o w t h e to ta l* at leading fiort* f o r * ix iw-asone.

Galvea’n.Ao,
New Orleans
M ob ile.........
« iTaanah...
CbarMra.Ao.
WUm’ toa.Ao
N o r fo lk .......;
W. Point,Ac.-

AH others., J
f

j 1803, j 1*93, | 18 0 1, j 1890. ) I860,

93.891
77,-501
* 4,951
15.1(11
17,427'
4.501
13,5411
10,948:
17,755

20,145
5 t .l8 0 ,
3,611,
11,266
3.956'
5,296’
2.50U
5.16 J'
32,737!

32,00 1
90,237,
8 ,101
18,330
7.1 3b
t jlff
14.222(
13.711
35,7*5!

3.1.5 40
8 7 ,(5 *
11.417;
40.501
6.613
4 615*
ff 1,022
17 444
17,886;

15-074*
5U 9M
7.3 1.6
17 162
3,398
1,113
13 191
1 2 .0 1 1 :
17.865!

New O rleans...
Galveston........
Savannah.........
Cliarlestoo— .
M obile..............
N orfolk............
New Y ork........
Other p o r t ------

Great
Other
Britain. France. Foreign
23.000
35,518
14.000
21,500
9,000
31.000
9,600
35.000

Total 18 91... 178,627

9,313 15.002
8.33
15,707
4.000 30.000
3.000
3,000
None.
None.
None;
4.50 l
8.050
200
None. 28.000

I
I

i

fiXfhirtM I#—
I (sm&fA1Ttybat
mm
mk.

50,781
66,846
51,100
27,950
9,000
39,600
17,850
63,00 :

333,705
118.423
79,546
61,779
37,714
53,450
209770
61.045

96,933

16,817

325.13 1

75,358
5S 159

16.317
13,717

204 022 1 942,397
209,522 1,117,672

960.432

Speculation in cotton for future delivery at this market has
been of a more animated character. The movement was upm
a bullish basis and stimulated by a very marked falling off
of the supply reported received at interior towns and an in­
creased firmness with indifferent offerings of cotton by South­
ern holders. Tbo+e developments were looked uoon »s strong
evidence in confirmation o f previous predictions that the
crop movement would shrink rapidly about the turn of the
calendar year, mnduhe influence served to revive desire for
investment and create a quick demand to cover short engage­
ments. Cable reports advised a stronger feelingat Liverpool.
D> tie-tic spinners have refused to follow the advance
and complain of poor prospect for goods. The Exchange,
taking a sp*ei»j holiday, adjourned from Friday even­
ing last until Tuesday o f the present week, when
trading opened vigorously and prices rapidly advanced 18
p sins, with but slight re action from the highest. 8ome
little irregularity was shown during Wednesday but a net
gain made of 5 punts to which 10 points more was added
y. aterdav at the start; but that gain became an attraction for
- 'ini la rg e holder- to realize profits and the liquidation of
long engagements caused re-action and reduced the net ad­
vance for the day to 4 $5 points. At the close the market is
unsettled but generally ruling lower in cons* quence of the
previous elimination of short interest and absence of freah
ip-.-culative demand. The sale of cotton on the spot has been
land*.
The total sales for forward delivery for the week are 874,7t)0
halc». For immniiate delivery the total sales foot up this week
HJM bat.-,, including — - f o r export, 351 for consumption,
— for speculation and 18,500 on contract. The following are
toe official quotations for each day of the past week—Otc-ember 39 to January 5.
Btt -s on and off middliar. m established N >v. 22 by the
Revision Committee, a; which grades otlnr than middling
may be delivered on contract:
_ ___
Pair ......................... .
e iftiiln i Fair.............

SuR* Good MMilUog

j

S Ik

..

Oi««t ttiddiiog
..........
strict 1/1 w Mid.UIng........

U>* Middling ..............

eo. ; G ood O rdinary____

on

...a . 1%

*; >(,<! \t il.tllotr Tinged .

off.

Even,

_ on. i --------*
____
___
1(1
strict
llltig
s___
u m o___
I.. ’t-u nil.
“MU
............
- ................
*m do. Middling St lined .......... ?,'« off.
» t . o ff Htrtnt I/iw Mid St linn I.. » s s off.
»t# off. 1/Mr Middling audoul... 1% off.
w ,a off. .

Strict Good Ordinary.......
21,271
5.9 0S4 j O i thi* bam the prioasi for a few of the grades would be a*
follow*:
7,325
14.705
CPLANG8.
S a t. l i o n T n t « W e d T l* . F r t .
7.410
............
......
.
.
.
.
<
h*
>
4
Ordinary
3,107
i * l6l»
m
i
5
7%* \
:
.
..........
7®g
11. *52 M M ih»«......................... .........
s
i
715- ? • «
«• .«
' 12,886 ! •
i-.g . ................. .
S*4 ‘ 8» , ,
as1
1
8’ e i 8t » „ 8t»i»
20.930 |Middling f a i r ..............................
GULP.
S a t . j H o it T in** W e d T i t . P r l ,
159.119

j

ttie exp orts fo r the w eek and since Septem ber 1.1883.

m*t*rU

2,955
6,242
3.100
150
N one.,
1.10 0 ,
None. |
N o n e .;

32,725

Blnoe

Wmk MntMm J*m,

Total.

Total 1803...
84,308 27,488
Total 1692.-. 108,1174 29,572

126,034 214,230 217,177 j i30t»2ej
SepA li 43 47,(102; 3691,9 >4i5011.507
!4#2,IViAb 992,0 U |I/iw MiddlUiif . . . . . . ___ . . . . . . .
'.'ll be exports for the week ending this evening reach a total MiddliQi? . . . ..... ........... ...............
Of t7d,7b« bales, of which 129,966 were to Great Britain. 11,331 Good m m u six ........ ...........
.
to Franee and 37,42* to the r*-et of the Continent- Below are
T op this wk.! 190.702;

f

Leaving
Stock.

Coast­
wise,

moderate; prices higher closing at 8 l-16c. for middling up­

T o ta ls....... 190,70-2 4,317,062 126.054 3.691,854 1,085.564 1.166 419 I

JCeeetpU a t~ | 18(14

45

m. i. ust*. >Jan. 5, Im*

Kep-frfM

8TAIHKD.

«
3»
a
®
a

j
.

a
XS:
a
o
a

m. .
■7^ ’
S he
9 >4
91l«

BH
»%

S a t . JH o w

W ed

te.w Middling........ ................... .
MWdUliif.............................
Holt-1 H oli­
8tr! e 1 MWd Hog . . . . . . . . . . . ___ day. | day.
</„o l Middling T i n g e d ...,,,...

61>H

7>s
70Hj
7>*i«

7 -,s
l 3 'rt
8

P j
S he
8 »e
1 9 'ie

7}t«
778
|h«
8*9
93!€

The

F r i.

6 ” l*
7««
72’30
Sl-tR

611,*

7=b' S
7'f‘ s ,

\
8>,«
KMM&. \ W ,
MARKET A HP SALES.
GmlrmUm*.
74^41
T#iimo, A#,...,;
The total Bales of cotton on the spot and for fata re delivery
mMtl wmtj
HawQrtmn*..
tojm ii jm\
i99jpm $mMf each day during the week are indicated in the following
M m m fa P m .'
m,fm statement. For the convenience of the reader we also add
tof MMm iiojiftij $$tjM a column which shows at a glance how the market closed on
mm
awteJL. ,,,j
m*md H
same days.
QkMlmLm:*., ii
tlsITft! wiMm
ttJFtfa
Wita*flit ton J
M,i.i.i I
m,&70
SA L E S o r S P O T AN D C O N TRA CT.
ffiwfntk....... J IMAM
f M$
at;m
mM&t «M*«]
S a les o f
SPOT MARKET
W*#i Point,.,. *
Ex­
mMz
(Jon- |Sine*
Futures.
CLO
SE
D
.
W‘p 'i
JmcI
7n g5£.l Total
port, m m p. uPt*
iM.hm
mjm
SNnr Tgfft.,,, njm
IMBij W7jml M il j i040M m M t
Boston.,,, t,lf 0UB4S
-1
miWi
mjm Safday
H o lid a y s
Monday ■
8 » i y ., %UM
m. p?j ft£SS W.074]
9jmm
Tuesday:
.... i 15,200 15.2001 155,900
Q't
fa
at*y,
%
ad
sm
Mto 11,079 WedMay inarm at *i« adr.
sm
133 ... 3,100 3 , 2 3 3 1 174,900
~r ------- 1---------!
Thur'd'y Itaaty at *is ad.
200
2 6 1 1 186,700
dl
msmi ii
157,200
Friday,. *iiet............
571 .. . .
....
*— (
67
^*1, vm,m.
m.*ml m,%mln?tmnh,imtA\
:%,isTicitf
674,700
Total
16,500
18.75l|
251)
*laeio^ing Ron 8ojal.
J

tVOL.LTin.

THE CHRONICLE.

46

1 HK Salks and Pricks of Futures are shown oy the

following comprehensive table.

1B94

18P 3

1892.

l i z t l l L o X n .01.::.v:.l’.a!!f: 1>38?:™o° 1,60ff8 8

20.000

T o ta l G reat B ritain etook. l . a » 6 , W 0 1 ,u 0 ? r a }{ 1 ,4 7 o ’ 4 0 0

Itock MBremem®:::::::::::::

g

1891
942,00 0

ftS S
19.000 u 22,000

962,i 00
3,300
143.000
1 1 ,000

Stock a t A m s t e r d a m ...................
1 8 ’ ,nn
300
500
300
Stock a t R o tterd a m ......................
200
5 .0 0 0
5.000
5.000
Stock a t A n tw e rp ...........................
1 3 ,0 0 0
2 5 ^ ,0 0 0
167.000
3 9 2.oOO 423,' 00
Stock at H a v r e ................................
8.000
3.000
8.000
Stock at M a r s e ille s .......................
f .0 0 0
7 3 .0 0 0
67,000
75.000
Stock a t B a rc e lo n a .......................
4 S ’Xa a
6.0 00
6 ,0 0 0
8,000
Stock at G en o a ................................
f ’OOO
7,000
10.000
16.000
Stock a t T r ie s t e ............................
1 “ .o o o
6H4.K00 522,7 00 432,800
T o ta l C ontinen tal stocks. _ 7 i - 6 . 2 0 0
rp..I „i Furrinpan stocks . . . . 2 , it
-UO
,oO0 i ,0 0 0 , / 0 0 1 ,<J94,800
Ind ia cotton afloat for E u rop e .
5 1 ,0 0 0
4 7 ,0 0 0
|L000
&4 5 ,0 0 0
A m e r .e o tt'n afloat fo r Europe.
6 1 5 ,0 0 0
3 5 o ,0 0 0
6 3 0 ,0 0 0
o 7 3 ,0 0 0
E g ypt. B ra z il.& c .a flt for E r p e
5 6 ,0 0 0
5 8 ,0 0 0
6 0 ,0 0 0
5 0 ,0 0 0
Stock in U nited States p o r t a - 1 .2 35 ,5 6 4 1 .4 6 6 ,4 1 9 1 ,3 2 7 ,1 9 4
9 1 o ,5 8 &
Stock in U . S. Interior t o w n s ..
4 8 1 .9 7 7
4 7 3 ,6 5 5
6 2 3 ,5 5 0
o l3 ,7 o l
U nited S tates ex p o rts to -d a y .
~ ? .ni11 _ 3 0 ,6 ( 5 — 3 9 . i i d — d i /7 5 4
Tntftl v isib le flUBbly . . . . . . 4 ,b i 3 | ( 4 ‘2 4 ,3 9 0 ,0 1 9 4 , / 0 7 , 5 5 7 3 ,5 2 3 ,b91.
O f the above, totals o f A m erican and other descriptions are as fo llo w s :

► -3-4
► —
J-J > -4-3 <
© -ia <P -3C*
CD®
CO+■

Tt m S d o e k
.bales. 1,162,000 1,376,000 1,238,000
ContSental stocks....... ........ 805,000 557,000 4 20,000
American afloatCfor Europe—. 615,000 355,000 680,000
s fq ’ vm
United Slates stock...........
United States interior stocks- 481,977 473,6o5 629,550
United8tates exports to-day.
2?,001 30,645
39>113 .

►
<
©
*

Total American.................. 4,171,542 3,958,719 4,281,857 3,020,091
E a st In d ia n , B ra sil, d c. -

3-00-3
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OCT

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^

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Liverpool stock .........................

00

^

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s - - ° o
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©

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. j 25
cc©*--3"*
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-3-3 £
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-3WH**<
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—
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289,000

20,00a

99,800
45.000
50.000

21,000

69,000

The imports into Continental ports the past week have
been 106,000 bales.
,
. . .
The above figures indicate an increase in the cotton m sight
to-night of 216,723 bales as compared with the same date
in 1893, a decrease of 91,815 bales as compared with the
corresponding date of 1892 and an increase of 1,091,851 bales
as compared with 1891.
AT t h e I n t e r io r T o w n s the movement— that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail in the
following statement.

►
Kj

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- -c -s -►o
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-

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231,000
11,000
10?,700

5

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to

* ©© > ©® ► ®-3 ►
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<
<
©
9
©
© •-© <
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Kit®®
W®
op:
i o p : i op: i op:
0000►
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OOQDC00

if- tO <75 tO
CO10°
-l tO
a cd p
^»
0000
•I1
toto
to
to
©Cto
D 2
** 0
OOI
i or
o
10
00

224,000

Total East India, &o........... 444,200 4 * 0 ,i0 0 425,700 503,800
T o tll American ................. 4,171,542
3,958,719 4,281,857 3,020
Total visible supply.........- 4,6 i5,74 2 4,399,019 4,707,557 3,523,891
Price Mid. Upl., Liverpool.......
4&ltd.
63gd.
4d.
5&i*d
P rice Mid. Upl., New Y ork —
8 ii6o.
9 l5is0.
77lti0.
9*80..

©®®-j

© ©

22I ’non

3,500
Loudon s t o c k . . . . ..........................
107,800
C ontinental stock s........................
^
In d ia afloat for E u r o p e ................................... 5 1 ,047.000
00
E g y p t, B razil, <fec., afloat................................. 5 8 ,053.000
00

>•
-3-3 ^ -0-3 ^
OC-3 © •o© •
*- IfOP
i ar1:

►
-3-3
®. J.O ◄
©
QOOD ®
Wit^CO**
« ©®**
i OP:
I op:
i • «:
<J®©oo <1-40-4
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653.000
333.000
573.000
915,586
513,751
31,754

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• Includes sales In September, tor September, 1.700; SeptemberOetober, for Ootobor, 207,800; Septomber-Xovember for Xovember
717,900.
’

-S-COtP
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V* co coVro to

to"co

to

s
ill

The following exchanges have been made during the week:
•17 pd. to cxeh. 300 Mob. for May. I ’09 pd. to exob. 300 Feb. for Mch
•09 pd, to exob. 300 Fob. for Mch. -08 pd. to exch. 200 May for June.
•16 pd. to exob. 200 Mch. for May. |

T h e V is ib l e S u p p l y

op C otton to-night, as made up by cable
telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the alloat are this week’s returns >
V a n d consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Jan. 5), we add the item of exports from
the United .Shit, . including in it the exports o f Friday only.
and

07 <JCn©Q0<lCT; OtoCOC -qMli'CI©© toC ClCOCD© CO© h- -JCl8-4to I
C 04CO©-* to©. tCfcOOCfc©C&C7CDO>Oi«0•«*•© ©If-*-•©©®OOtO1^-4 © ^
C |CitP-OOOOO' -t©CC0© —©8-4|fatO®0'*-©OCOOOOitA.>-‘COOCi3tOI
* Louisville figures “ n e t” lu b oth years.
IT b is yea r’ s figures estim ated.
J L a st ye a r's figures are for Sh erm an, T e x a s.

The above totals show that the interior stocks have decreased
during the week 10,453 bales and are to-night 8,322 bales
more than at the same period last year. The receipts at all the
towns have been 18,238 bales more than the same week last
year and since September 1 they are 314,509 bales more that?for the same time in 1892-93.

THE

JANTAHY 6, 1884,)

CHRONICLE.

fJCOTATIOSS FOR .MIDDLING COTTON AT OTHER MARKETS.—
Beljw we .rive closing quotation* of mid.ifitig c otton it Sou* aeni and other principal cotton markets fore ich dav of the week.
Weak ending
Jan. a

C L O S IN G Q U O T A T I O N S FO B . H I (I D L I N G C O T T O N O N —

Satur, I

GilVi-ston

New Orleans

7»te

M onile........
Savannah ,
O ian eetoa
Wilmington
Jforfotk.......
Boston -----

j
|
i
1

• y .q ,
1 ....... . i
Sq,
Ptniadetpala
Augusta .. .
1*9
{
7 - ,a ;
Memphis ...

Baltimore

St. Louis ....

Houston .. .
Cincinnati

7%
7H

Man.

Pass.

Wed lit*.

Thun.

I
!
*

7 't «
7q
71 „
7%
7 9k
7>9
7 *s
7*s is
7S»
SM
7q
7 4*
TH
7 ’-*
7*i#
7%

7 is
7 - ,7%
7*18
7*4
7N,

7*s
7 ha
7M
7%
7-*a

*
!
=
-

:

l» fa
7k
$ 18
7k
7q
7*18
7 <4
7»,
7%

Fri.

Zita
l ‘u
44*
7^
rq

73g
8
7~%
6 7I«,
7*.« %
%
7H
7H
7H
7H

71 8

®’ w
7 ‘s
8 ,»
7*, « A
7%
7%
7'IS
7%

7*9
7%
:
Louisville.
The closing quotations t> d iv (Friday) at other trap ir'.aat
Southern markets were m follows.
7 [ NewtieTry........ 7
A tla n ta ............
7H Lh'le Kook ...
7>« i RaWsh........... 7%
Colutnuua. Ga.
«V Montgomery...
7 ISolm*........ .
7 *s
7 Nashville.......
Coin mints. M m
7*« I Shreveport.,— #»•»«
7*s » s W u x .........
'Sai’aatu
R eceipts from the P lantations. —ftie following table
indicates the actual movement each week from the plant m oos.
The figures do not include overland receipts nor Southsro
consumption; they are simply a statetn -at of the weekly
movement from the plantations of tiat part of the crop which
finally reaches the mirket tnr itiga the outturns.
Rtctip'l -it ’ Ke Porte. SPkat Interinr Taurns. Bte’ptt from Pt-mfru.

M lit J*fti-iU l«Si-St4IMP. ->t lw is 1st* -99 19* A* 1 * <M1«*
u x o i - ■ok IBM .'*"
X..... in.isi itss& ssessai A t.,* .* s te e r;

*» oo».*6a»i i'Siai»s]«a«.j».»'«*

IS...

as»aw

aftfteft* *M « VI Sn.O'O
After**
iwjjpSi tssjtenw.-w *■*.77* SO* I6S

OT.9“ I tll.S ft «*>..'<> -07 tea MS 1«"

ttejov i» 9 * »i.Srt»;*Jooii

j.1 SIS i o s d s * > , i i
«•&*•* ***.*«•* 17a (O te .in
snpae i-seus. im.-.Qs'exoMt, k «.»s iu»vw
MUA4*
Jam »
The above statement shows; l —That the total r-oeipta from
the ptaotatioos since ifajs. 1 in ISM are 4.715.771 0»k*«; in
1892-94 were 1 ,0 3 ,sto bibw; in 1811-d were 3,$*13,1114 Mias.
S.—That although the rweeipto at toe .imports toe ptun, week
were 195,705 hales, the actual movement from clan ration- w t180,349 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantationfor the week were 131,215 biles and for 1892 they w eie
193,93$ bales.
O verland Movcbsst for the W eek and since S ept. l . —
W e give below a -italenient nba-vtag the overland in >veo»er,t
for the we-k and since .8 vtetn’i-r t. At the returns retch a*
by telegraph late Friday night it i« tm pi—tb!-" to eoP-r «o
largely into detail »a to oar retuisr m mth<y report, hut ail
the principal matters of interest are given. Tbi* weekly
publication is of course nupplementary to the more extended
moathly awtem-nta. The r«*u!t*i for the week ending J*a. 5
■and #4nc<* S.-pt, l in, the |«n two years are m follows;
J a n u a ry

.Mxmien —

5.

1893-94
■k%ne*
w*sk S*pt. 1.

1.89; -93
Wmm.

&#"0€ x

S' 0.072 13.3#7; ts § m%
1*8 073; $•&**¥ Vt 4***8
U.ftSi*)
N.4-.7
hm t I M P
'Mi%| W$f 4
W]73*:. auT'if
VI* inker i ia ta i. A**...................
-.a l
74 7571 m07w
Total <ro«» o»«rt*fi«J------ ------- 41.301 719.##i ; m t$&7} 7M.BM
tOtSue! Oi}mwNIi—
H OverlAut! to N. Y.,Boston, A c .. 1rt,t' u 137.49$: ItadlOf 1.34 f 30
t ItfOt if.304
BatWMtn tnsvter town#........ .. *
* <**:
Isla n d, A c., from S o u th ............
3 ,8 *S
3f37ii m,*M7
VIA St. "OlU l*..,...
Via C a ir o ......

19,ft) a
........... ........• IP .e lS 1

Via iiaSUhal........... ............ ..
415
Vl* Evaasvtlle...................... i .......
VI* Umisvttl*.... ........... .........
7 ,i i i
v » i i|8i iBKati,...... ...___ ... I i.o -3

Tot*) to N» d#daot«d..........

2 0 ^ -1

319.784' 18*73-

188,813

w . HoFteEtotal ect orcrl»ad‘
2 , J13I a io .7 0 4 17,23 4j Ni7.2St
S *Iaciu,i‘.ng a>#v«i»»M o, rail to 0*a*<i*.
The foregoing shows that the week's net overland lanreinwi i
;hu ymr has been 23.372 bales, against 17.224 bale, for the
week in
and that tor the season to date the atrgreg tUt net
fefWland exhibits a decrease from a rear ago of 24.511 bates.
fa flfthl 48*1 8}: mnerp
Taking..

1893-94
H\ns*
kept. 1.

188293

ktne$
kept. 1
ptoeeipot at ports to Jsn. a....... 1VO 701 t.3»t,!>ea tlrt.ortt 3 6 <1 *St
Vetovsrl»nd to Jan. ft...............
6to.7,,s 17. "91 *37,2*:
Watt.

IjpBSttwrB wtMaisJitteB tftSmitr S ! IT,Ova*
f

s i - .o o t .

Total a-.*rk*tMt ........... . „ . „ . ; 2 ' 5|T ,« 7 « !'4,t7e..a<iTi

■ItMteriorstock*Insxoe#«..... . . . ’ 10,453;

Came fate »ighi
week .2*20,! - 1;
PftteUJlsight I»n 5..... ................. 5

'BSpmasrsiak'olco Jan. 3.'

..... .

seN .sil

Watt.

i*..Afw*<

292,00#

■y.-V 1,19’.

“5.79;*,

34-.ti"ii

183,479;
1,479; __ <.*60,15(1
»U‘ ,r*7 ..... 1,020,333

feevTcss*. 'itirlog week.
Is will be seen by the ahove that there b*ts come into sight
Oie «*■•'», 2 ’<,* li boles, against 153,479 f,ai-■- !>,< u i>
wme week of 1803, ai d that the increase in Amount in sigln
to-night ft* compared with last year is 716.622 liaies.

47

W eather R eports by Telegraph.—Our telegraphic ad­
vices irotn the South this rvtning are mainly of a favorable
chaiacter. The rainfall has been light, as a rule, and the
movement of the crop lias consequently been uninterrupted,
Galveston, Texas —W e have had showers on three days
during the week, the precipitation reaching fifty-four hun­
dredths of an inch. The thermometer has ranged from 45 to
70, averaging 38. December rainfall one inch and seventytwo hundredths.
Palestine, T e x a s .— Ham has fallen on one day c f the week,
to ihe exient of four hundredths of an inch. Average ther­
mometer 50, highest 70, lowest 40. Rainfall for the month of
December one inch and seventy-seven hundredths.
Huntsville, Texas.—There has been no rain all the week.
The thermometer has averaged 51, the highest being 60 and
the lowest 82. Rain fell in December to the extent of one
inch and fifteen hundredths.
Dallas, Texas.—Dry weather has prevailed all the week.
The thermometer has averaged 46, ranging trim 23 to 75.
December rainfall eighty-two hundredths of an inch.
San Antonio, lexas.—lt has been showery on oae day of
ti e wees, the rainfall teaching four hundredths of an inch.
The thermometer has ranged from 32 to 76, averaging 54,
December rah fall, eighty-six hundredths o f an inch.
Columbia, Texas.—There has teen no rain the past week,
Av* rage thermometer 53, h ig h e s t 76, lowest 28, December
rainfall three hundredths c f an inch.
Cuero. Texas.—The weathf r has been dry all the week.
The uiermi niBter has averaged 56. the highest being 76 and
ihe lowest 35. Rainfall in December reached eighty-seven
bundreuths of an inch.
Lttling, Textik.—Telegram not received.
Brenham, Texas.—It has been showery on one day of the
week, the precipitation reaching twenty-nine hundredths of
an inch. The thermometer lias isoged front 83 to 74. averag­
ing 54. Ttie precipitation during ihe month of December was
one inch and ninety-two hundredths.
Belton, Texas.— We have bad no rain all the week. Aver­
age thermometer 50, highest 13 and lowest 27. During the
month of December the rainfall reached sixty-four hundredths
ot an inch.
*
Port IVorth, Texas .—Dry weather has prevailed all the
w«sk. The thermometer has averaged 49, the highest being
75 and the lowest 28. During the month of December the
tamfall reached thirty-five hundredths of au inch.
Wmihtr/onl, Texas.—No lain has fallen the jmst week.
The thermometer has averaged 48, ranging from 22 to 74.
Month'* rainfall twenty eight hundredth of an inch.
Sew Orleans, Ixmisiana,—There lws been no rain ail the
week. The thermometer has averaged 57. December rain­
fall two incites and thirty-one hundredths.
Shreveport, Louisiana.—Rain lts»- (alien on one day durtbk ttie weak to the extent o f forty-two hundredths of an
loch. Average thermometer 53, highest 70 to meat 30. The
rainfall in the niuDth of December was one inch and eightytwo hundredths *.»n five days.
<'t/hunlitis.
—The week"* rainfall has been one
inch and ninety-six hundredths, on two days. The therinomei*-r ha* art ra g ed •!•>, ranging front 27 to 80, December rain­
fall, four inches and n i n e t y -five hundredths, on eight days,
L- ii'u.l. M
it,pi -It bus rained during the past week to
the extent of iw •sir-six hundredths of an inch. The thermotneier lit* rsngi d from 37 to 80, averaging 32 S. December
rainfall, two inches and fifty six hundredths, on five days.
Meridian, Mississippi.—Telegram not received.
Little Hnek. Arkansas.—The past week, like the two precedt* ii. ha* been almost springlike, "there lia« been light rain
on Mite,* days of the week, the rainfall reaching sixteen hun­
dredth* * f Aft inch. The thermometer has averaged 47*7, the
highest being At and the lowest 88,
Helena, Arkansas.—It ha* rained lightly on three days of
the week, to the extent o f ninety-seven hundredths of tin inch,
»nd there has been light snow. The thermometer has aver­
aged 46, rsnatng from 26 to 64, During the month of Decem­
ber the rainfall reached three inches and forty-eight hun­
dredth*.
Memphis, Tennessee.—Snow fell lightly on Saturday. We
have had rain on th re e days of the week, the precipitation
reaching nineteen bundrt dilis of an inch. The thermometer
has ranged from 87*5 to 66*5, averaging 47*3. December raintall two inches and sixty-one hundredths, on seven days,
Snshville, Tennessee.—December rainfall three inches and
fifty hundredths on nine days.
Mobile, Alabama.—Rain has fallen lightly on two day» of
the week, and the rainfall reached two hundredths of an luch.
The thermometer has averaged 54, the highest being 74 and
the lowest 30, Rainfall for month of December one inch and
eighty-four faurtdredtiii*. on twelve days.
Montgomery, Alabama.-—There has been rain on two days of
the week, the rainfall reaching sixty-eight hundredths o f an
inch. The thermometer has averaged 51, ranging from 43 to
(R». During the month of December the precipitation waa two
n.chw* and twenty-nine hundredth*.
Selma, Abtlutma.— We ha ve had rain on two days of the
week, the rainfall reaching eighty-live hundredths of au iuch.
Average thermometer 46, highest ON and lowest 25.
Madison, Florida.— We have had rain on two days o f the
week, to the extent of one inch and ten hundredth*. The
thermometer has ranged front - 3 to 16, averaging 66.
( ‘olnmbns, Georgia.—There has been rain » n one day of tin*
week, to tue extent nf twenty-ofiet unitcdth* of an inch. The

....
TH E

48

[Y ou . LiVin,

C H R O N IC L E .

th&fuotn* ter has itvyrngiul 50'
lowest 29, Decern ber rainfall
on tb rvn fi
been rain on three flays of
BcnximU:t/t. Qmri/(«.—Tlmre
ne inch and fifty-two Inmtin; pant wm>k, i|>o rainfall beii
eragel 53, ranging from 38
tlrealhs. The Un rmo me ter ir.i
to p . Kiiilifall foir the month
tWvJVP ItUIQtiredths
-We hare had light rain on three days
4 it;;
Jurm.
i'k the precipitation reaching one inch and
thirty ven hundredths. Tim thermometer has ranged from
29 to C), ave: •aging .'>3. Rainfall for the month of December
three in lies and fifty hundredths.
Charkstot . South" Carolina,— We have had rain on three
days of tit i week, the rainfall reaching two inches and
three huudr dtha Average thermometer 54, highest 08 and
December rainfall four inches and fifty-six hunh n v M t if
■dredtbs.
Slut- burg, South Carolina.—We have had rain on two days
<>f thi wi rk, the precipitation reaching one inch and seven­
teen hundredth-. The thermometer has average! 51'7, the
highest being 07 and the lowest 80. Daring the month of
D-oi.-mher ivj had rain on seven days and the rainfall reached
three nu-ln-s and eighty-one hundredths,
Wilson, North Carolina.—There has been rain on two days
o f ‘the week, the rainfall reaching fifty-nine hundredths o f an
inch. The th-rmometer has averaged 58, ranging from 26 to

M a n c h e s t e r M a r k e t .— Our report received by cable to-night
from Manchester states that the market is firm for yarns but,
quiet for sheetings, in consequence of Liverpool netwa. We
give the prices for to-day below and leave th033 for previous
weeks of this and last year for comparison:
1892-93

1893-94
32« Oop.
Twist.
Dec. i
“ S
“ 15
“ 22
“ 29
Jan. 5

8H tbs.
Shiriings.

d.
<1.
6% a>7%
6U I6»7<ts
63,8 a ? 1*
'4)74,8
60) ®7%
e»|fl 4)7>s

«.
i
5
5
5
5
5

d. s.
j 87
7*4 3)7
7 a>7
fiia « 7
6 »7
6 ®7

Jan. 4, ’ 94.

Jan. 5, ’ 93,

FceL
3-9
6*2
3-0
0-7
8'0

Feel.
7-7
11 0
10 5
28*1
20-2

New O rleans.
M em phis....... ........ Above low-water mark.
Nashville.
Shreveport... . . . . . . . Above low-water m ark.
V ic k sb u rg ....

O verland M o v e m e n t , & q ., t o J a n c a r y 1.—In our editorial
columns to-day will be found our regular statement of
overland movement, receipts, exports, spinners’ takings, &c.,
brought down to January 1.
I n d ia C o t t o n M o v e m e n t f r o m a l l P o r t s .— The receipts
and s npments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Jan. 4.
B O M B AY R E C E IPT S AN D SHIPM ENTS P O R F O U R YEARS.

|Shipments this week.
Shipments since Sept. 1.
Ica r; Great Conti­
Great
ContiTotal.
\BriV?i. nent. Total. Britain nent.
■
’ 03-4'
’ 02-3
'01-2
’ 90-1

2 000 12,000 14,000
......... 9,000 9,000
. . . . . . 5.000; 5,000
. . . . . . 19,000jl9,000

9,000;1I1,000
6,000 102,000
5.0001 52,000
7.0001 62,000

Shipments fo r the week.
Great
Britain.
C alcutta—
1893-94...
1892-93...
Madras—
1893-94...
1892-93...
AJl others—
1893 94...
1392-93...

2,000

Total all—
1893-91...
1892-03...

3,000
2,000

- t iruw*

Conti­
nent.

120.000 40,000
108.000 43.000
57,000 26,000
69,000:57,000

288.000
259.000
163.000
315.000
Shipments since Sept. 1

Great
Britain.

Total.

Receipt§.
This
Since
Week. Sept. 1.

Continent.

Total.

2,000
2,000

2,000
3,000

5.000
7.000

10,000

3,000

19.000
13.000

8,000
6,000

27.000
19.000

1,000
1,000

1,000
3,000

18,000
18,000

22,000
23,000

40.000
41.000

3,000
3.000

6,000
5,000

39.000
34.000

35.000
36.000

74.000
70.000

2,000
2,000

3,000

7,000

E X PO R T S TO E U R O P E F R O M A L L IN D IA .

1893-91,

1892-93.

Shipments
to mil Europe
fro m —

This
week.

Since
Sept. 1.

B o m b a y .. . . . . .
AU otherporte.

14,000
6,000

120,000
74,000

9.000
5.000

T otal..........

20,000

191.000

14,000

This
week.

Since
Sept. 1.

1891-92
This
week.

103,000
70,000

Since
Sept. 1.

5.000
4.000

57.000
74.000

178,000 . 9,000

131,006

R eceipts and shipments.—Through arrangtments we have made with Messrs, Davies, Benachi & Co. 'oi
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
— ------ 1— A l e x a n d r ia

Almaridria, Egypt,
January 3
Beoslpta (eaatara*). . . .
This week___
Since Sept. 1.

1893-91.

j
1

1892-93.

(
1891-92

—

175,000
2,751,000

180,000 1
180,000
1
4,075,000 1
3,379,000
This l Since \f This l Since j This l Since
week, j Sept. I ,1j week, |Sept. 1, week, Sept. 1.
: .. '
Exports (baletfi—
i
i o .Liverpool. . . . .
13,000 155,000 10.000 217,000 13.000 220,000
To C ontinent............ S.OOOj 110,000 11.000 130,000 17.000
82 000
T ota l -Europe....... . 2t.O00l265.00 |21,000 3-17,000 ,
130,000 302.000

Tank's
that
for the week ending
2i!6oo bale- 1" ,’0l)0clntar8 and the shipments to all Europl

4.
7
7
6
5t»
L
4'g

8k£ lbs.
8hirtings.

s. t, «
d i d .
a.
47,6 7% ®Sl2 5 7 h ® 7
4" , b ,T\ ®S>3 5 ?Va>7
s 8 a7
4 5 7 %
5 8 ®7
4 ’• « !73t
4ti :7% 'd iH 5 8 ® 7
4-3m i778 ®S% 5 8 ® 7

4.
2
3
31,
3 <3
3hi
3 'a

Colt’n
Mid
Upld
a
oH
53 i 6
5H
5^
5^

S e a I s l a n d C o t t o n Mo v e m e n t . — W e have received this
(Friday) evening by telegraph from the various ports the
details'of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (Jan. 5) and since
Sept. 1, 1893, the stocks fcon ig tu , and the same items for the
corresponding periois of 1892-93, are as folio w3.
1893-94*
Receipts to Jan. 5.

1892-93.

Stock.

This
Since
This
Since
week. Sept. 1. week. Sept 1, 1891.

Of.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock January 4, 1891, and January 5, 1893.

Oott’n
Hid. 32s Oop.
Twist.
Uplds

Total.................. .

1893.

1,732
7
308

44,040
1,847
2,550

662
464
346

27,035 13,367 11,281
1,033 1,783
952
3,096
196

2,017

49,337

1,472

35,787 15,352 13,263

The exports for the week ending this evening reach a total
of 70 bales, of which 70 bales were to Great Britain, - —
to France and — to Reval, and the amount forwarded to
Northern mills has been 3,356 bales. Below are the exports for
the week and since September 1 in 1893-94 and 1893-93,
Exports
from—
Savannah...
Charl’ t'n, &c
F lorid a.......
New Y ork ..
Boston
B altim ore..

Week Ending Jan. 5. Since Sept. 1,1893.

North'n Mills.

Great France
Great Fr’ncc
Total. BHVn.
Total.
BrWh. (£c.
dcC.

Since
Week. Sept, i r

’ ’ " to

.......

' " “'10

15,700
236

::::::

2,730
'329
70 17,995

T otal........

70

........

Tot. 1892-93

387

58

445

8,797

1,520 17,220
236
i'M i
:

4,042
329

2,118 10,762
892
236 2,295
... ...

2,832 21,827

2,356 13,949

1.337 10,184

404 14,241

We include each week only such cotton as is actually
exported. In other words, a large portion of the Sea Island
cotton shipped to foreign ports goes via New York, and some
small amounts via Boston and Baltimore. Instead of giving
such cotton in the exports for the week in which it leaves the
Southern outports, we follow the same plan as in our regular
table of exports of including it when actually shipped. The
details of the shipments of Sea Island cotton for the week will
be found under the head “ Shipping News,” on a subsequent
page.
Q u o t a t i o n s —Jan, 5— Savannah, Floridas, common, 1 3 c.;
medium fine, 15J^c.; choice, li% c. Quotations are on the basis
of new classification under which prices have been lowered
one to one and one-half cents, the greatest difference being in
the better grades.
Charleston, Carolinas, m dium fine, 30 to 33c.; fine, 80 to
35c.; extra fine, 40 to 50c.
R ice Crop.—Mesirs. Dan Talmage’s Sons in their monthly
rice review, dated December 30th, state:
. I n s o f a r as rice is concerned we have to report extrem e dulnesg,
1 1 look tor more active conditions in present month. They quality
the latter, saying it refers more to the aggregate than to the Individ­
ual, tor wo nave no great expeetion that the latter w ill purchase to
?c.y large extent, as advices from friends in every quarter o f the
L nited States indicate that the policy o f extrem e conservatism yvIU
maintain until the financial, com m ercial and legislative conditions are
m ore encouraging.
. There is a la ck of confidence in the m inds o f many regarding the
future course o f the market on account o f general conditions and de­
pressing factors pertaining to our own article. The ''gen eral conditions quo, unduly low prices in other food products which com pete to
£1 greater or less
16S3 exten
extentt with
W i t h rice.
P,Kr>PrP.iallv in
i n hard
h a p i ltimes
im p ? w
h a n the
f l ) (a
n ee, especially
when
pennies count, such as potatoes, beaus, wheat, corn, oats and the p ro­
ducts thereof; canned.goods, beef, pork, A c., a llo t which fire from 10
p e rc e n t to 39 per cent lower thau at equal date last year. The ad­
van ce which recurred between August and latter October o f 30 per,
fv S „ o ° u
S
1)0611 har®1Jr,m aintained until the present time.
J * ? S* ii'5*1! 1? 0,1.tke ground that the cyclon e on the Atlantic Coast
train ^estrojel most of its crop, and contrary conditions in Louisiana
l m n ‘lt? lL « e-a r H0 “ h6"1' 0.1/ ' with probability o f only one-third the
amount grown the precedm g year. The form er has proven true, but
w a , j,«£ o f f-ojufuana promises to equal that o f 189 L--2, and this,
nnwin?r.r?^ntlie aPonnt parried over, furnishes a supply fo r the
y S^W*1 t0 that consumed last. year. We m ight
wunm,1??!, C * 10 raJl° of movement thus far has been much less, and
greatly quickens the forw ard supply m ay prove
bon
ai<ont
Pep pound low er than at the close o f Oetob e i.a n d all things considered are Cully up to, if n ot above, normal
° t ®n06S *®A » temporary hardening iml,r ° k .. hut the trade w ill s erv e their best iuter?
' by Phrsiung the hand to m outh policy: 1.
Sum! w in
vuPi y o f D6m.®3116 15 ample for ail requirements; 2.
|ftlTsnnnUr iS h ^ t h o e fi“ ''’i0l)tlllSaJ,le at equal price w ith the Domestic
L h l n v n i n W ’ ' " i f ' , ? / February. Patna, in March and (Raunimiitv
Al i 0f 1116 f ofetgn will be of New Crop, superior
Sast
r?, t1}® “ onetary depression throughout the fax
n
h
h
i
l he requirements o f the United States seeurin toe domestic llroeresses ° “ ecm al °r better term s toa u n ow offeree
S ir ih n ln ^h m w 1! ^

THE

J a.s ta SY <5, 18M,]

49

CHRONICLE.

,'rre B .-rrs, B agoixo, & c . ~ Transactions ia jute bagging
during the week under review have been on a limited scale,
but quotations are unchanged at 5 '8c. for 1?4 lbs., 55gc. for 3
lbs. and
for standard grades in a jobbing way. Carload lota of standard brands are quoted at 4 K l o . for l % lbs.,
5c. for 2 lbs. and 5>£c. for t ' - i lbs., t . o . b. at New York. The
market for jute butts has been inactive the past week on the
basis of INC. for paper grades and 2?ic. for bagging
qualitv, on the spot. The deliveries of jute butts and rejec­
tions at New York and Boston during December were only
2,40® bales, against 19,201 bates for the same month last year,
bat for the calendar vear 189® the deliveries reached 37<J,?0i
bales, against only 2^9,1®!) bales in 1892. The aggregate stock
in the hands o’ importers and speculators at sew York and
Bowton on December 31 was ouly 7.700 bales, against 44,330
bales at the com.- onding date in 1891 and the amount afloat
for the United States reaches but 83,794 bales, against 240,245
bales last year.
Shipping News.—The exports of cotton from the United
States the past week, as per l a t e s t m a i l returns, have reached
129,412 bales. So far as the Southern ports are concerns 1. these
are the same exports reported by telegraph and published in
the Chronicle last Friday. With regard to New- York we
include the manifests of all vessels cleared up to Thursday.
Total bales.

L iverpool,—By cable from Liverpool we have the following
statement o f the week's sales, stocks, &c., at that port:
See. IS.
Sales o f the week........ ...b a le s .'
Of which, exporters took . ..;
Of which speculators took ..!
Sales Am erican.............
1

86,000

5,000
500
77.000
Actual export.......................j 13,000.
Forwarded..................—.............
. 85.000

Total stock—Estimated .......... 1,122,000 1
Olwhioh American—Estiui’ d 918.000*
Total Import o f the w eek.........; 128,000.
01 which A m e r ic a n ...............1 96,000
Amount aft ‘a t ...................... : 370.000,
O f which American . ..........
330,000

Dee. 22.

73.000
2 ,ono

1.000

29. | J a n . 5.
41,000; 49,00(1

D ec

1,000.
1,000

1,000

35,000; 42,000
9,000
8,000,
8,000
79.000 50,000' 61,0"
,149,000 1.232.000 1,399,0
943,090 1.066.000 1,162,0
115.000 190.000, 176.000
96.000 168,000! 119.000
400,ooo: 370.000. 340.000
390.000 380,000 830.000
6 6 .0 0 0

The tone of the Liverpool market for spots and futures ear h
day of the week ending Jan. 3, and the daily closing prices
of spot cotton, have been aa follows:
Spot.
Market, >
1:45 ¥. M.J
M iiU p l’d*.
S ale*..........
Spec. A exp.

Saturday Monday. Tuesday. Wednts. TburstTy. Friday.
Fair
i
5

\
i

&©mg.

Fair
Fair
bostnes* Harden'*. basineat
Join*.
doing.

4H

4 ! t«

45js

4»i«

12,000
500

12.000
1,000

12.000
1,000

12,000
1,000

V
Itsw YorjK—To Liverpool, per steamers Xomrdle, 5,396 ...
Sft* IT’iijysi!, ■4*€
L
«••••• -»* v*t * 2
1
m
Futures.
T o Hnil. ptrateamar Biadoo, 3,12b................... ...........
2,12
a
8tend? at
Market, /
To Havre, per eteawem la 8reta*ne, too . ..Mkn,w. 419..
H 6
2-34 adi ym&f»
1:45 r . M.j
To Bremen, per steamers America, 2,011---- Darmstadt.
«Sv«ss(W, : rain?!*.
eUu«,
*
839... Km*. 682.......... .................... ........................ 3,531
To Harofcorg, per steamer
300.............................
3.0
l
Quiet,
mad
Barelr
»4.
Firm*
Firm,
To Hatter‘Uni, per »ieiui,er* Rotterdam, A16 ...epaandaq),
steady.
:
mtmmAt*
500.... Voendaiu. le i................................................. Lino
To Antwerp, per steamer Chicago, 1,563 ........................ 1 583
The opening, highest, lowest ami closing prices of futures
717 at Liverpool for each day are given below. Prices an? on
To Gem,a, per reamer Warm,?!?.............. - ..................
NSW ORCZAK5™To Liverpool, per «t*»tuer* Astronmovr, 0.6.0
... Euekaro, 5,700....Sawrotna. 4,700 ....................... 17.000 the basis of Uplands, Low Middling clause, unless otherwise
To il*t>cSe*ter, per steamer Waango. 4.024----- ----------- 4,024 - rated:'
To Mavra, p o t steamers Tirnmaa And*f*o», 5,350.,., Waatwatar, 5,231.........................................
ionsi
4 a n . •2.
tim u. S i t e . 3 0 .
3 I a a „ J a a . 1*
To Bremen, per steamer Kotgbt Errant,
........ . S'.OOO
To Hamburg. per Weanier Darlington. 2,117 ................... 2,117
*
11
*^
GiAVMTOK—To Liverpool. per steamer Loehraote, 6,211...... 6.211
Bitfh Lout. 01*4.
T-> Maachester, per steamer rtnebarr. 4.170..... .. .......... 4.170
To Havre, per steamers Highlander. 6,451 .-Irooa, 7,124. 13.541
|| 4,
4,
4.
6.
BavaIOUM—To Wntberu. per bark Sanaa. 1.165.................... 1.185 ][ J n . o a r y . .. .
jl 4 m i l i ■4 m T4 I t
To Liverpool, perateaewr tteagore 11**4,5,311.. y u
jj
4
M
4
i
t
i
m
...
i*
II
<JKa*ut»ro»—To Bremen, per Mean*-r Glettble, 8,971.......... * -71 !
jl 4 11 4 U 4 I t 4 14
MiOhwfcfWNtlMMif W h MI,3,073.,.----5.075 | r - e M i t H ,
4
it
4
Hurt Pourr-To Liverpool, par *(#»as«v Athote, 8,«5rt ..... .
6,«!*1
|| 4 I I 4 4« 4 13 * i e
I
i
Newport New*—To Uverpoot, per steamer Slumanitaa*. 1,592 1.593
|; 4 m 1 $$ 4 1$ 4 t a
|
1
I
. •,
,
‘ i - • ■■”ii - i l'.*t . '
js
* u 4 W 4 18 4 19
Wlnoepeg, 1.222....Lacvaettlan. 9.833 ...Parhern, 3,13a. 8.182 Vi*r-JWML,
|: 4 1$ i SI 4 W
4 21
*
jl
:
Baaotmoks—To Liverpoolpern aiM Tarfcmar*. 454 .. ...
1 ■■
\ , 4 m 4 U 4 m 4 23
*
To Bremen. par steamer it, «. Meier. 5,379,.................... 5.379 July A m - . "■
*
f|
*
■ 4 t i 4 t* 4* 1 4 U
ToMamtmrg,par eioMner (Matte, 499.... ........... .........
T it
A » * ..« e v 4
f
’ if
* ■ .
t T m .A o r . L r u u , - f o Ltvarpool. per(taamar Ohio. 481,,.........
Js: •wpAdka ■■
4 23
'■ i
4 «0
To Antwerp, per ateamer I’etmirlTRala, «4S........ ..........
445
F r l „ J n u . jj
W *4„ Jan. 3.
T R a r * „ J a n 1.
Total......... ........................
1*23,112
Below we aiid the clearance* this w,* k of vessel* c erry i n ,
,0 » m Ht*A text. « * * Oym lUsA tsrm. C U a -O w n
Lew . Cl*4,
•ottoa from United State* ports, bringit g our data down 1
6. j A
A
A
A
A
A
A j A
A
6.
6the latest dates;
4 10 4 IT ; 4 10 i IT *1 4 4 Id 4 15 4 15
J a E n a r y .... i 14 *1# * U « U
GU,V»»TV>»—T« Ltverp* 1 - Dee. 30 Steamer Ztnilbar. 7.351....-lax. i l a a ^ r * * .. - < U H I 4 4 S 4 W t l * U ! l t d . * t : * i4 * m 4 15 4 15
—Steamer Paulina, 4 * 4
h a. 5 - Steamer Humton. 8,300.
r e A -M e * . . 4 16 4 t « 4 I t 4 11 1 17 1 18 * 17 4 18 4 17 4 17 * 19 * 13
T“ Bremen - Bee, 30—Steamer Avon*. 7,e.4.N.
* 1 9 .4 t o 4 t» A tO j i 418 4 19 4 m
Meh.-April, 4 I ? ' 4 19 J 4 m ' 4 m
4 18
VRLA6CO—To Bp-tuea-JaR 3-Steam r Win B-sotoot. 3,342
ir*w OBJU4J-To Liverpool - Dee. 23 Srramer. A t -ta. 8.<NK; S e t t - AprU M ar . t l » * » J 4 1 7 1 IS 4 41 * i t t 2 t 4 « s 4 *0 4 St 4 W 4 20
4 21
* e m a , 5,940....IMe, 30-steamer* Oov-reoe, 5 .749 ; uarti****.
M *rJan e. I I I * t l i t s . i t s
l « S 4 * 1 t t t 4 24 Jl 4 t i 4 S3 4 2 t
9.578.. . 1 m . 3 -steam*r Traveller. 6,ICO.... Jan. 5-*«uii<;r Jer.*.Ju!t . 4 * 4 .4 4* 411 411 I 4 M 4 M . I U 4 t o : 4 24 4 SI 4 M 4 23
barter,, 8,062.
4 47 ; 4 S » 4 lid 4 24 425
J
n
l
j
A
a
*
.,.
I
t
s
1
3
«
W
>
i
a
t
46
4
47
4
*3
To Havre -D-r. 28 - steamer BraekOeld.8.160.
IM
A o * .-8 * vt
4 28 1* 26 i 4 *4 4 SI 4 47 4 » i 4 27 4 26 4 *rt 4*7 4 n
To Dunkirk Dee, SO-Stewser Banian r»»er. 2.115.
se.td.-osj,.. '4 * 4 ' i t t h n U R ' < »• 4*6 4 56 * m t m 4 m i •» *25
To ttf-rnrn -3»n 3-«.-«ro>-r LOangO,------.
To flamii irr Dec 30—steamer Valesta. 2-6
To Barcv l, na Jan. 3 Steanwr It-sai h im . 4,10 0 .
gAVASa.tu—T« Opat40 -Jka. 3—Bark Fernand*. SOU.
‘ • ’' - ‘
•
..■ ; , • . - ' ,.
8 R E A D S T U F F S .
Fort Rot At -To Uverjmol Dvo. 30—SteamerJustaa. 4,937 , Jam 3 F r i d a y . January 5, ISM,
Steamer IIUIHI-M. 5.163.
WnJUWUToa—To Liverpool—tkee. 30 -Steamers Oapulet, 6,431; Glou
There has been a trifle more activity to the trading in the
eeater city. 7,627.
Homrout-To Liverpool-Dec. 30-8t*»me:• Iona, 6,900. ...Bmpreev. market for wheat flour. Buyers have shown increased inter­
8,545
est in the situation, but no important transactions have oc­
Bo*r> To Liverpool - Dee, 28-Steamer Kaaa**, 1,019....Deo. 27- curred, as purchasers have not increased their bids, while
Steamer Bo*Ionian. 2.591 ...Dae 2»-steamer Norsataan, 2.137 holders were generally disposed to ask more money to con­
thus, 30-Steamer Oataloai*. 2.t6t» ...J ab. 3—8tea«anr Camiro8WUS, 1 S 2 4.
form with the advance in wheat. City mills have been
BAtrtJtoaa-To Uverpool—Dee, 28 . Steamer Swlsemorc, 2,743.
lowered about 5c, per barrel, resulting in a fairlv active trade.
To Bremen Deo. 40-atearner Karterode, 5.370.
C u n meal has been quiet and the common grade* have weak­
To Botterdam- Dv«. 23-Steamer Brblno, 503.
ened a trifle. Rye u >ur has been dull but steady. Buck­
PltILA.Dat.rHIa-T o Liverpool-Jao. 2-«t«amvr HtlUak l’rlno«,58«.
wheat flour has attracted very little attention, but values
Ootwn freight* the fxwt week have been m follows:
have held fairly steady. To-day the market for wheat flour

W i n ?1

« * ::• i

l

U verp ool. bid, . d
,
Do
aakeit il
Havre . . . . . . . . 4.
30*
Do
later.......4.
....
Bremen, .te a m . .4
Do
later....A
___
Hamburg, steamd.
»l4
Do
taler .4.
....
A na'dam , •team.r. 25 * 2 0 '
Do
later..e.............
S e v a !.................4 .
>.n
D o vU Hull d .............
■Tatia, a iw « » ...8 .i
....
Genoa, .team , .d
* ,«
Trleate. via IluSi.d.
»,*
Antwerp, steam, d.
» ,4
1 C # o u p e r 1 0 0 1 !» .

Mon,

turnto

Wednts

Tkeetrs.
*»

*s3

30*

30*

30-

»«
« ...
»,4

30*
.«»*
6-?a

- a«.
»64

*w

m .

i
i
•
I.
i
3
S
0
J
J
t
1
t

®33
....

*64
*64
....
g l « 3 0 * 25 9 3 0 ' 25 930* 25 930
. ..
....
....
«A7
»»*
*»
*62

.

«.W.
•I#
n»
t i

*16
%s
!#

. .w.
*1*
»?4

....
*Ii
»w
»V4

<. \

j Satur.

was quiet but prices were firmly* maintained.
Then- h is been more spirit to the trading in the market for
wheat futures daring the past week than for a considerable
period back, and prices have made moderate advances on fair
general buying, stimulated by the smallness of the eropmovernent and a material increase in the shipments to foreign
ports. Stronger foreign advices and severe weather in both
the United Kingdom and the Continent also had a beneficial
effect upon value*.
Bosinees in the spot market was slow until yesterday, when
there was a fair inquiry from local millers at advancing
prices. There was also a limited Inquiry from shippers. The
sales included No. 2 red winter at S'qc, under May, f. o. b.
afloat, old No. 1 Northern 71?gC, delivered, and No. 1 hard
spring at P„**, over May in store. To-day the market was
firmer during early ’Change in response to stronger foreign ad­
vice?. but later realizing sales by “ longs’" caused the improve­
ment to he more than lost, closing easy. The spot market
was firmly held, thereby checking trade. The sales included
No. 2 red "winter at 8 ? ^ tyi"- under May delivered,

THE CHRONICLE.

60

DAILT 01.08I.S0 PRICES OP SO. 2 RED W IST Kit WHEAT.
Sat.
delivery. . . . . . . . 0. tiGl4
FertHiury
. . . . . . . e, ......
March tie
.......... c.
Mftv dell vary
714
July iteil'retry__

Fri,
Thurs.
Wert.
66%
65%
67 h
o
es
67 8,
68 ^
6^30
g*
69*4
67%
71 ^
ts
70%
717S
70%
73
Ss
7314
'T'
72U
specula ion in the market for
Man.

Tuts.

>n a limited
Then* hat
Indian corn futures and in the fore part of the week prices
weakened slightly under moderate selling prompted by a
mat* rial increase'In the supply in sight and full receipts; but.
later the loss was more than recovered on buying bv * shorts”
to cover contracts, stimulated by predictions of a decrease iu
the crop movement and in sympathy with the advance m
wheat. Tie-spot market has’ been moderately active, sh’p
n crs having been fair buyers, but with liberal supplies prices
declined, though during the latter part of the week
Home of the loss was recovered in sympathy with the improvi ■merit in futures. The sales yesterday included No. 2
rnixe d u! -I’hifi PHjc, in elevator aud’ 42%@4S*4c. afloat; also
stear tier mixed at 41 }?,<Zli\%c. in elevator. To-dav the mar­
ket opened hither with wheat but subsequently dcclim d
under sales by “ longs” to realize profits. The spot market
was moderately active and Steady. The sales included No. 2
mixed nt -121, .t42J£c. in elevator and 43}jJ<84;3’4'c. delivered;
steamer mixed at 42c. in elevator and yellow at4 S^c, elecator.

nave

B M W CLOSING PRIORS OF NO. 2 MIXED CORN.
J»r>tmry il el fvery. . . .
F ehru itr v riel ivery...
March d e liv e ry ..___ ...c .
Mar delivery........

Sat. Mon.
42 <4
4 ‘2 7«
437ft
•14’ e

Turn.
42 ^
433s
4 i%

Wed.
4 l 7a
42%
43lu
4 4 1*

Thurs.
4m
43 ’4
44^
45%

Fri,
4
4 2%
43*.
44%

On's for future delivery have been quiet and prices have fol­
low* *i i:lo~> ly after corn, J* cdning in the fore part c f the week,
but subsequently advanced on buying by “ shorts” to cover
contracts. Business in the spot market bas been moderately
active and with limited offerings prices have advanced. Yes­
terday the sales included No. 3 mixed at 34@3l}4c. and No. 2
white at 35fo3o3^c. To-day the market was firmer early, but
later reacted with wheat and corn. The spot market was
quiet but steady. The sales included No. 2 mixed at 34J*iC.
and No. 2 white at 35%c.
D A IL Y CLOSING P RICES O F NO . 2 M IX E D OATS.

May delivery.....

.0.

Sat,.
Man.
33%
a
34 >4 .
35>e
•<

Tues.
33%
34
34%

Wed. Thurs.
34
34 k
34 <
34%
35%
35

Fri.
34
341^
35

[VOL. LT HI.

staple and fancy varieties.
c o n t in u e quiet.

Flannels, blankets and carpets-

D o m e s t ic C o t t o n G o o d s .— Th e e x p o r t s o f c o t t o n g o o d s
fr o m this p o r t f o r th e w**ek e n d in g D e s m b e r 31 w e r e 3,935
p a c k a g e s v a lu e d a t 3193,030, t k “ ir d e s tin a tio n b e in g t o th e
1892.

1893.
N e w Y o r k to D ec . 31.

Week.

Tear,

Week.

Year.

63
51
2,42 3
21
3
372
45
258
623
77

5.065
2.079
41, 81
5,562
11.886
6.4 02
20,892
2.436
5 158
51.935
2,9.-8

307
53
4,693
150
425
1
613
23
134
386
74

6 ,0 %
1,785
78,302
5,998
16.267
7,163
17,897
3 ,13 7
6,194
47,028
3,070

T ota l..... ...........................
China, via V ancouver.-----

3,935
....

155,684
33,566

6,659

192,907
18,420

T otal..................................

3,935

189,250

6,659

211,32T

Great Britain.........................
Other E uropean....................
Obina ......................................
India........................................
Arabia...... .........................
* frtca......................................
Vest T n d ies..........................
Wexico....... ............................
Central America....................
Soath Am erica......................
Other countries......................

The value of the New York exoorts for the year has been
39.338.0(52 in 1893, against $9,977,67? in 1892.
Staple cottons have been in quiet request throughout..
Brown sheetings are steady in price, with three-yardand fouryard makes frequently sold ahead, but neither converters nor
jobbers are buying with any spirit, and the export demand
for both sheetings and drills is moderate. Exporters have
purchased about, an average quantity of colored cottons, but
jobbers and manufacturers have operand lightly in denims,,
ricks, checks and s rip s, piail-t, co'tonales. &c. Fine and
medium grade bleacned shir’ings are quietly steady; print
cloth yarn grades it acive. Wide sheetings in limited request
on the new price basis. Kid-finished cambrics and other
linings slow and barely steady. White goods continue gener­
al ly inactive. Both regular fancy prints and printed special­
ties have been in quiet demand only, and staples, iDdigo blues
and shining prints without special feature. Ginghams slow
in all grades. Print cloths are extremely dull, with a down­
ward tendency. 61x61s quoted at 2 lo-16c., but no demand
in sight.
1893.

Stock o f Print Oloths—

Dec. 30.

Rye was without change and dull, Barley was in slow de- BCeld by Providenoe manufacturer**. 1 4 J.000
Fall River m anufacturers................. 142.000
maud but steady.
The following are closing quotations:
Total stock (p ieces) ..................... 281,000
FLOtTR.

Fine..................■$ bl>l. $1 75®$2 10 Patent, winter......... 3 l o ®$3 go
Superfine.................... 1 8 5 ®
2 15 City mills extras___ 3 55® .......
Extra. No. 2 .............. 2 00® 2 25 Rye flour, simerfine.. 2 SO® 2 90
Extra, No. 1 ............... 2 2t>® 2 00 Buckwheat flou r___ 2 75® 2 85
C lears......................... 2 30® 2 75 l orn meal—
Straights.................... 2 80® 3 70
Western. &o........ . 2 55® 2 65
Patent, spring........... 3 75® 4 20
Brandy wiue
2 70
[Wheat flour in sacks sells at prices below those for barrels.]

1892.
Dec. 31.
None.
7,000

1892.
Jan. 1.
1 8 8 ,0 0 0 ’
78,000

7,000

266,000

G io d s . —The p ast week has been quite feat­
department. Orders for s p d u g are without
character, and only an odd-and-end business has been done in
seasonable goods.

F o r e ig n D r y
u reless in th is

Im p ort at Ion s a n d W a r e h o u s e W i t h d r a w a ls o f D r y Cloud a.

The importations and warehouse withdrawals of dry good 8
at this port for the week ending Jan, 4, and since Jan, 1,
Wheat—
c.
1894, and for the corresponding periods of last year are as
C.
Corn, p«r bush—
c.
Spring, per bu sh.. 62 ® 74
follow s:
West’ n m ixed ........ 42 ® 44
B ed winter No. 2 .. 67 rr. 68%
No. 2 m ixed_____ 42h® 43%
B
Bed w inter............ 57 ® 69
s
s
Western y e 'lo w .. 43 @ 45
W h ite .................... 59 ® 69
Western White___ 42 ® 1 4
° IS - r t o S
Oms2_0 5
Oats—M ixed,perbu. 33% ® 36
B ye“
a
gH-Wf o f i
W h i t e .......................... 3 3 % ®
41
O §j
Western, ner bush. 51
56
p
H
No, 3 m ixed.......... 34*.j® P5\t
: vi
State and Jersey.. 5 0
55
a•
No. 2 white............ 35%® 36% Barley—Vo.2 West’n 62
®
o:
o «i
a3.*
Suite 7-ro w e l....... 63
0
65
&i
State 6-rowed.......
£•
GRAIN.

For other tables usually given here see paste S3.

THE DRY GOODS TRADE.
Ne w Y o rk . Friday, P. M., January 5,1894.

The market has passed through a decidedly q
week the
holiday m the early part and the continued New Ye r in­
fluences operating to check the purchases of buyers on the
spot and to keep mail orders within restricted limits. Adtkouvh
new business has been limited, the deliveries of both staple
and fancy merchandise against back orders have been on a
considerable scale and but little surplus production has found
1 Prlmar7 “ arket. This is a good feature and
" as 13e effect of generally offsetting the contracted current
purchases. The tone of the market is undoubtedly
and
there are rarely heard any expressions of belief just now in
pnc? s m the near fature, notwithstanding
W
^ UPCOn1U,° V f a .number«f lines of staple cottons;
but at the 83me time there is a generally prevailing belief that
late revisions m bleached shirtings and wide
rought al important lines of goods to a level fron? which
there will be no further decline, except perhaps in individual
c.t-es. or under exceptional conditions, where the influence of
print (dot is. which have at present a weak appearance may
dir,* ■! ,y ail,-ct converted goods. Collections conUnne fairly
good in both cotton and woolen divisions.
^
Dom'-.stii* W oolens.—There have been a few duplicate
for spring-weight trouserings and suitings of moderate
Z T 1 T T * r«‘T d‘7/’ bin 'he demand generally “
nues
cry light in both all-wool and cotton mixed goods Bivers
still give preference to low and medium-priced varieties over
are
H S’ Pr^ 1 i,rFSu'» r- New season heavy-wei^ts
are making very little progress, and buyers give agenteno
encouragement to show samples. In heavv-wlight overco“t
mgs some business is doing, but nothing like a nonn .l d l
ubind is experienced. Cionlungs are
modM atlf^Quel!
The demand for dress good s has again been slow in both

dull,

in

<105
-J p
tv O

t o 05 M CC t o

1^'ltClOM
05 W C O t- 0 5

III
2

3 I 055-

-®

OtwJ 03 05

*1.0 05 05
tXiCO
WJiTHO
'jt,1 0 3 0 i °~Pr“L3
Hit- C5X. ooVito'LPo
» e> Cl co 0 5 0 0 0 0
is
< 105
OC- H t o P I t o
m
o
*}
o
w
- 1 05
to 05 VJ 05 to
, COb- cc 03
<JPi H 'OtOtO•—
■ ^ 0 5 ^- O
too
3
05 O'GO - 03
K^OOOO
►
B
w
COOS
05 05
o
- 4 i <X CO
O! C3UP<IC5 d
OCCC
O ' | JM-CO
00JOOtoH
030
<1 b b
O
GO <1 tO <1 O
O OilH Vcf 05-1to
05 X O C O
*4 1 -d O
00 0 5
i CO to
i 05 CO

P 'P ’ >P>-tOO

OffiiKHO
Ifs-’ClC-viO

O 05 t v — O
< lH r f = > Q < J

Clo»to<1o
05 p o p * *
‘-ciosLio
Cib N
CJ’rJ*t-<JCO
cr.
o o C v lO lv -'

0 * 4 G tC H

oo

05 > -*0 5 C l ^3

**■ C l t o P» CO

ie*s:-*dO

0 0 C l 05 >4 M

05 <1

CC CD O rf*. O

to 01 00—
*,^Ch-2
0
0<1 o oLilo o
cch u .' p ! t o — o
■_*_*■*• '1

00 S '

co §•

P8S

t-Ci-J[5 0
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pj ^

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CO 05 lO >— O

'-'tooowto I
h ibw ca*

GO H t C . p l tC

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|00 05 { H C<£>U-P V
P CC
.J O
t a cjf I occicovjt-*
cc coatee
CO H tC p i <J
oo<i tociXibio
a o> to —•os

H tO GO 05 05
H H 0 5 0 Cl

jc wcoo o «
'a C30<3'o

b5 H M 05 H

COi-0 5 PI
H tO C l -P. H

H

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P O CD t o p

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<1<3 JHP ICo
tPj-^OO I*
H H 00 to H

CD ^
CO t v

Otv

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popp^-cc

CO CD P CD ■—

I

>— CO 05 P I t o
O IC O H CO
IP O O r - O

1 ° <1 05 o ' p i
O 03 H t o *'1
C l C l 0 0 t v CD

?
®
I

tC)?*■«—to H
H tO 0 3 X i —

p i CO 00 t o P i
pi

to —OCsO

E

THE CHRONICLE.

JAKPAST 6, lt>94.j

S w u

and

C ity D £ ? a n t w £NT*

TERM S OF S U B S C R IP T IO N .
C om m ercial and F in an cial C H R O N IC L E con
*»to* 40 to 0 4 pages published every week.
Slate a n d C ity Supplem ent of C H R O X 1 C L E con­
tains ISO pages published periodically.
Investors’ S u pplem en t of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 1 6 0 pages published
«T e r y

other month.

_________

Subscription to CHRONICLE for one year 0 1 0 .0 0 ,
which includes every issue of both Sdfpusmxsts.
T h e p u r p o s e o r th is S ta te a n d C ity D e p a r t m e n t
is to furnish our subscribers with a weekly addition to and
continuation of the State a .vd City S cra ju tE sr. In other
word*, with the new facte we shall give, the amplifications
and correction* we shall publish, and the municipal laws w»sball analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State asd City S upplehe-vt to as near the current date as
possible. Hence if every Subscriber will note in his St'PPUtmest on the page designated at the head o f each item a
reference to the page where the item in the O m oancm can
be found, he will at alt time* pomem a complete and fresh
cyclopaedia of information respecting Municipal Debts.

51

obliged to suspend any payments, stop progress on the public
works, or pay extortionate rates to secure money to pay its
current expenses in anticipation of taxes. There was bor­
rowed temporarily 0207,800—$110,000 at a 4># per cent rate
and the balance, §97,800, at 6 per cent, and all, with the ex­
ception of 015,000, borrowed of local institutions and a few
citizens.
The limit of indebtedness, exclusive of water debt, as fixed
by the laws o f the Commonwealth, at 2}£ per cent of the
average of the Assessors’ valuation for the preceding three
yeais, amounts to $1,280,620. As our iudebtedness of this
character at the present time amounts to only $210,500, credit
being given for amount of sinking fund, the city has a bor­
rowing capacity of $1,070,120. In view o f the fact that many
cities have been obliged to ask the Legislature for exemption
from this law limiting the amount o f their indebtedness, the
above statement shows our finances to be in a remarkably
excellent condition. The credit of Springfield stands high in
the financial world. It is for us to see to it that during this
year the standard is not lowered.
The cost of the general improvements made during the
year under special appropriations for which no debt was in­
curred amounted to 013,838 and the city starts off in 1891
with available cash assets to the amount of §138.436.

West Virginia Debt.—A plan for the adjustment of the
West Virginia debt has been submitted to the Creditors’
Advisory Board by the directors of the Adjustment Company
which was recently organized by the Mercantile Trust &
Defies it Company of Baltimore. The document reads in part
as follow*:
" Wart Virginia does not recogmz- any du v or obligation
in this tohaJ* exempt to Virginia. Hence these creditors can
never realize anythin* from either State until Virginia has
agreed with W e-t Vi-ginU respecting the amount to be paid.
••Ilia tolieved that oa c irrec* principle* West Virginia
owes to Virginia w ire than $10,000,00.
“ It may be safely assumed that Virginia will not demand
New fo r k City » Bu lge! for 18 04.-T h e E.ard o f £«ti West Virginia totter terms than those on which she has
mate and Apportionment of New York City has finally recently compromised her own bonds,
'' Tlie tegi'Utures o f the two Slates meet biennially and in
pa-se«l and signed the budget for 1801, The total amount of alternate w.irs; hence if the Virginia Legislature, now in
the appropriations for the year is* 43H.68t.317 #9. From this
-ton, adjourns without action, no
tllement o in be con­
i* to be deducted the general fund, 03,800,000, leaving the cluded before the turn oier of 1897. In view o f this fact the
amount of 035,064,25? §3 to be raised by taxation. The in­ pl*n of urt'letnent we submit is as follow# :
■* First—Tus Adjustment Company will offer to surrender
crease over last year’ s budget of $836,324 It ia more than ac- j all the certificate* which may be d-posi e l under the agree­
counted for by the increase o f 0>77,v..»*i 29 in the item for ment o f Oct. 16.1888, in exchange for such an amount of new
State taxes, the increase o f 0377.979 SI in the item for the re­ toads or other avail* a» We t Virginia provide* ts discharge
demption o f the city debt and the increase of 0583.61? SO in tor proportion of the Inter-State debt.
“ Second—A tender of all the dep vote 1 cert i fie ties shall aethe item for interest on the city debt. The Mayor u r i lhai
>input v a peti tion to the Legislature o f Virginia to aut horise
but for th«
increase* the net decrease would hare been i a committee to bring about a settlement with \Ve*t Virginia.
about 0130,000. The total amount o f the appropriation* for j "Third —AU question* touching the appoitionmeot of the
new bunds or avail* tor ww> the dtif rent cla-is* of certifithis year and last year are given in the following statement.
stc* shall to determined by a tribunal o f three, one to be
iwa.
t*»«.
appointed by th Advisory H xtrd. one to to appointed by the
Jk»a» m v m m m Imh......... .
.. 4-j7.ui.t5t m i n . M i . m e» • Adjust men- Company and th* third to be appsintel by the
JU«a
EsaA................. .........
14
i.tHWgOOOOo j
two thu< cbown."

Total f r o m laxative.............. .

934.m ,* t » 84 •45.«W*.957 »** \

Gallatin C .jualj, HI.— Decision# have been rendered by
The amounts allowed for the different department# its the
provt»k»nai estimates for 109* were published in the CSKOEI Judge Allen ia the Oniwd State# Circuit Court at Springc t » o f November 4th, and there has
but little change : field, III,, holding Gallatin County to the payment of 085,000
matte in sny one of the items, although the rout stows an in* 1on county raitroad aid tfcmds the legality of which haa been
•untested. The bond# were issued in 1871 in aid of the con­
crease of 0387.624.
F lssaeial Condition of Springfield, la s * .-M a y o r El struction of the St. Lout* A Southeastern Railroad, and they
toutwi P, Kendrick, of Spriogfbld. M***.. in hi* add re** to |became due in 1*91.
the Ciiy Council this year show* that tht total bonded debt of 1 Coneectirat*# New City.—On the first day o f thi# month
the municipality i**!>te.000 and the U.til o f all tadrbted- j the old borough o f Biagbatnptem, Conn., became the City of
n«w is 01,073.408. The cash assets amount to 0*20,8*7, |.*av- J Derby, Mr. Thomas J. O'Sullivan was inaugurated Mayor.
ing a net debt o f t l A C M l . The funded debt, exclusive of ;
the water debt, lias been reduced 037,300 since the beginning j Honrt 1‘ ro p o sM l* a n d V e | o t l a l l n n « ,- W e have re­
o f las* year. During the twelve month# l&MMXri « f water el ved through the week the following notice* of 1 ond#
bonds and 023.000 of school bonds were issued. The wster ; recently negotiated and bonds offered and to be offered for
department turned o n r to the sinking fund the «um of 034.- [
333, the largest surplus which has ever been available from j Alexandria County, V*.—The County o f Alexandria has
that source.
asked tt»e Virginia L-gistature fur authority to issue bonds to
The Mayor write* a» follow# regarding the sale o f the new ) the amount of $100,000 for road improvements.
securities, the issuance of temporary loan* and the city's j Bust no. Rite*.—. -STATS A S P C it y SbmjDCtfiT, page 21.)—
high credit:
j It i* reported that the B mr<i of Aldermen has authorized the
-ale of 0230,000 of 20-year street improvement bonds.
To- first issue of the water j.an. dtte l April 1, for 0390,000 j
gold 4 Her cent otoipoo toad* running twenty vnr<. were i Hoad Hill to bool Ilf strict. Ohio.—A premium of $'9d was
fortun.-itelv‘ old just tof »re th» financial ptoio began, and j paid for tto *1 per cent school bonds of this district to the
btetigtat tlse hi, h pretuiats of HH Oflfi,« r n tidal pr-trlorn of amount of 04,000, Use sale of which we mentioned last week.
Brigantine, N. .1.—Street improvement bauds to the
##»*•• o* the tMK. Thw was the larg *• premium paid for
mucteipsl bond# touring 4. per cent interest »o Massachusetts amount of $* 1,000 have recently been sold.
during the first half of the rear. The balance of the loan,
Caldwell Count}. Ky,—(Htatk asd C m Srra.KWRKT,
01*70.000, dated October I, 1008, were sold at p ira te time when f ige 137.1- Notice has b«>n given that 6 per cent bonds dated
few cities tsaW sell a 4 per cent I i»n, and the money oil
arch 1, 1882. »"d numbered 47. 41. 139 143. 181. 163, 14.146,
tallied helped the city treasury very materiiltr •“ the pay­ 33,155 and 136 for 01.000 each, and 45, 6. 46. 36, 15. 0, 48. 40,
ment cl ,-tirrent rsewnsre, wtien money could only be tor- 21. 14. 42. 10. 53. 17. 22. 16, 50, 31. 29, 55. 35 and 37 for S .00,
rowed et very high rates.
are colled for redemption, and will to paid at the office of F,
The city during the past summer, in the time of scarcity of VV. Darby. County Treasurer, Princeton, Ky., on March 1,
money almost unprecedented in the financial world, waa not 1894. on and after which date interest will cease.

THE CHRONICLE,

52

Cantos, Ohio.— (S tate a s d C it y S u p p le m e n t , page 78.)—
The City Council will petition the Legislature for authority to
issue $80,000 of electric-light bonds.
Central!*, Wis.—Bonds for water-works have recently
bren voted.
Chicago, 111.—(S t ate and C it y S upplem en t , page 93.)—
Bids are to be received again until noon to-day for the
$00,000 of municipal bonds and $180,000 of water bonds which
were not sold when offered last week. Both issues will be
dated January 1, 1894, bear interest at the rate of 4 per cent
per annum and fall due in twenty years. Principal and inter­
est will lie payable in gold at the American Exchange Na­
tional Bank of New York.
Cincinnati, Ohio.—(S tate and C it y S u p p le m e n t , page
7 8 )—Four per cent paving bonds to the amout of $300,000
■will soon be offered for sale.
Clarksville, Tenn.—Sewerage bonds of Clarksville are
proposed.
Colbert Connty, Ala.—It is reported that $100,000 of road
bonds of this county have been sold at par.
Dallas County, Iowa.—Thomas Wright, County Treasurer,
writes the C h r o n ic le , in reference to an election which took
place on Dec. 28 to vote on issuing $65,000 of court-house
bonds, that the proposition was defeated.
Essex County. N. J.—(S tate a n d C it y S u p p l e m e n t , page
60). The Finance Committee of the Board of Freeholders of
this county have decided to issue $35,000 of 4 per cent bonds
to buy a site for an armory demanded by the State Military
Board.
Everett, Wash.—An election will be held at Everett to vote
on issuing wafer-works bonds.
Galveston. Texas.—(S tate and C it y S u p p lem en t , page
178.)—The $300,000 of 5 per cent 40-year bonds of the city of
Galveston are si ill being otfered for sale, proposals for which
will be received by D. B. Henderson, chairman of the Finance
Committee. The securities are a part of the loan of $1,240.000 authorized in 1891 and known as “ Limited Debt Bonds.”
A city ordinance providing for the issuance, sale and redemp-

N E W LOANS

Descriptive* C ircu la r o f the above

The income of the sinking fund for the limited debt bonds
must be invested in bonds of the State of Texas or in bonds of
the United States.
Gravesend, N. Y.—Proposals will be received until Janu­
ary 13, by John Y. McKane, Town Supervisor, for the pur­
chase of $148,000 of 5 per cent local improvement bonds, pay­
able 40 years from the first interest day following the date of
the bonds.
Hoquiam, Wash.—The $24,000 of C per cent water bonds
which were offered for sale in September last are as yet unsold.
They are still on sale, and bids are also being asked for the
construction of works, the bidder to accept bonds in pay­
ment. Interest on the loan is payable semi annually in.
March and September, at Iloquiam or New York, and the
bonds mature September 1, 1913.
Jefferson Connty, Ohio.—(Sta t e an d C it y S u p p l e m e n t ,
page 82.)—Road bonds of this county to the amount of $10,000
were sold on December 30 to Messrs. Rudolph Kleybolte & Co.
of Cincinnati. The bonds bear interest at the rate of 5 per
cent and run twenty years, witii an’ option of call in ten years.
L ate City, Minn.—Sealed bids will be received until Feb. 12
by W. J. Richardson, Clerk of the Lake City Board of Educa­
tion, for $16,000 of 5 per cent high-school bonds. The securi­
ties will be dated April 2, 1894, interest will be payable annu­
ally, and the principal will mature at the rate of $1,000 yearly,
beginning April 2, 1899, and $2,000 being payable April 2,
1913.
Marshall. Mich.—The citizens of Marshall will vote on
January 15 on the proposition of issuing $50,000 of water­
works bonds.

BONDS.
Sealed proposals will be received at the office of
R. B. Snodgrass, City Clerk o f the City o f Montgom­
ery, Alabama, until 12 o’clock M. on Monday,
January 15th, 1894. for §250,000 City of Montgomery
bonds, or any portion thereof not less than $5,000.
Proposals to be made for five and five and a
half per cent, forty-year bonds and for six per cent
thirty-year bonds.
Said bonds are authorized by special act of the
legislature of Alabama. Approved February 17th,

bond*

LOANS.

8 6 5 0 ,0 0 0

m ailed

anil
upon

Cushman, Fisher & C o .,

OF

PAWTUCKET

GOLD 4s.
Due Aoril. 1923.
PRICE PAR AND INTEREST.

8 1 0 0 ,0 0 0
C IT Y OF OMAHA, NEB.,
5 Per Cent
Improvement Bonds.
FOR SALE BY

Farson, Leach & C o .,
NEW Y O R K .

FOR

SALE

BY

Galveston City Bonds for Sale. Blodget, Merritt & C o .,
The City of Galveston, Texas, offers for sale

$ 3 0 0 ,0 0 0
5 per cent 40-year limited debt bonds of 1891. Prop­
ositions will be considered for all or any portion of
the amount offered. All offers should be addressed
to the Chairman of the Finance Committee, who will
give lull information on application.
I). B. HENDERSON,
Chairman Finance Com.
Galveston, Texas.

$160,000 Gold Water Bonds.

5 0 S ln ic S tre e t, B o s t o n .
Notice is hereby given that on Tuesday, the 30th
day of January, 1894, at 2 o'clock o f said day, sealed
bids will be received for the issue o f bond9, author­
ized by Ordinance of the Council o f the City o f W alla
Walla, County of Walla W alla, State of Washington,
passed and approved June 20,1893, and sanctioned
by vote of the qualified voters o f said city at an elec­
tion held July 27,1893. Said bonds to be issued for
the purpose of constructing a gravity system of
water works. The amount o f Issue, $100,♦ 00, lu de
nominations of $1,0)0 each, payable 20 years after
date and to bear interest at the rate o f 5 per cent,
per annum. Interest payable semi-annually. Princi­
pal and Interest, to be paid In gold coin o f the United
Mates ol America, at some bank in New York < ity,
to be hereafter designated. The City Council reservesthe right to reject any and all bids. Apply
for Information in detail and address all proposals to

HENRY SELLING,
City Clerk, W alla Walla, Washington.

C H IC A G O . I L L .

CITY

THOS. H. CARR,
Chairman Committee on Finances.

City of W alla Walla.

-

NEW

The right to reject any or all bids is reserved.
Application for information will be addressed to

---------- i— i

W A L L H T K K E f.

I $50,000 for alleys and sidewalks.
I $900,000 for water and sewers.

City of Montgomery, Alabama,

New Haven A West Haven Ry. Co..
First Mortgage, Gold, 5s.

it p lk t t lii.

$240,000 for streets.
$50,000 for schools.

8 2 5 0 ,0 0 0

City of Minneapolis, Gold. 4J^s,
City o f Lexington 4J£s,
City o f Milwaukee 5s,
City o f Omaha 5s,
City o f Portland, Oregon, Gold, 5s,
City of Seattle, Gold, 5s,
City of Dnluth, School, Gold, 5s,
City of Ogden, Gold, 6«,
City o f Piqna, Ohio, School, 6s,
Connty of Bay, Mich., 5s,

high-grade

■■—-

tion of this loan requires that the bonds be payable in 40
years after the date of their issue and be optional after twenty
years, interest to be payable in New York and Galveston.
The same ordinance further provides that the proceeds of the
sale of the issue shall be used and expended as follows:

NEW LOANS.

City o f Boston 4s,
City o f Tannton 4s.
City o f New Bedford 4s,

o th er

[V ol.LVIII.

—

Dated W a l l a W a l l a , W a s h ., Dec. 27, lf98.

16 Congress Street,
BOSTON.
$16,000 South Orange Village
Public Building Bonds.
Sealed proposals are invited by the V i l l a g e of
r n ,?ffe’ ^ e ' v J e r s e y , for Sixteen TnousDollars (§16,000) of its 5 percent coupon bonds
of §i,00u eacn, to be known as Public Building
Bonds, payable February 1st, 1910, but redeemable
at the option of the Village after February 1st. 1904,
aopar; any bonds not paid at that date to be re­
deemed in the order of their numbers. Interest
roni February 1st, 1894, payable semi-annually
August 1st and February 1st. Bids at less than par
and accrued interest will not be considered, and the
Board of Trustees reserves the right to reject any
and all bids in whole or in part.
Bids to be opened at the meeting o f the Board of
Trustees January 15tb. 1894. at 8 o’clock P. M.
Address bids at the Council Room, South Orange,
N. J., to
TIM O TH Y B A R R E TT ,
W A L T E R I. MCCOY,

Committee on Finance.

Geo. M . Huston & C o.
bond

and

sto ck

d e a l e r s

.

W e buy and sell outright all Western
Municipal Bonds and Stocks.
We
cheerfully furnish full and reliable in­
formation concerning any W estern se­
curity without charge. Monthly quo­
tation circular mailed to all applicants.
New issues of municipal bonds wanted.

8 0 5 F I N E S T R E E T , S T . L O U IS , ,IIO.

THE

J anuary 6, 1894.]

CHRONICLE.

Morton, Mini).—Waterworks bonds to the amount of $10,000 will soon be voted on.
Napoleon, Ohio.—C. E. Reynolds, Village Clerk, will re­
ceive proposals until January 9 for the purchase o f $60,000 of
water-works and electric-light bonds.
Newport. Ky,—(S t a t e a n d C i t y S u p p l e m e n t , page 159.)—
Five per cent sewer bonds of this city to the amount of $47,200 were awarded on Dec. 29 to Messrs. Rudolph Kleybolte &
Co. of Cincinnati, Ohio.
Norman, 0. T.—The people of Norman will vote on Jan, g
on the question of issuing bonds for water-works.

Sonth Orange N. J.—(State and City Supplement, page
62), Sealed proposals will be received until January 15 for
the purchase of $16,000 of 5 per cent public bu ilding bonds*
Interest will be payable semi-annually on February 1 and’
August 1, and the bonds will mature February 1, 1910, but
may be redeemed at the option of the village after February
1,1904, For further particulars see advertisement elsewhere
in this Department.
Springfield. Ohio.—Improvement bonds of this city to the
amount of $100,000 are under consideration.
Springfield, Mo.— (State and C ity Supplement , page 116.
—The people of Springfield will vote on January 10 on the
proposition of issuing $100,000 of bonds, for an electric light
plant,
St. Albans. V t .— (S t a t e a n d C i t y S u p p l e m e n t , page 17.) —
Notice has been given that b in is o f the village of SC Albans
bearing date o f January 1, 1884, and payable, at the option of
the village, after January 1,189#, to ihe amount of $51,900 will
be redeemed on presentation at the First National Bank of
Boston, Mass., on April 1, 1894, after which date interest will
cease. The bonds called are numbers 520 to 554 inclusive, 557
to 578 inclusive, and 582 to 61S inclusive, for 500 each; and
620 to 645 inclusive, 647 to 688 inclusive and 604 to 710 in­
clusive, for $100 each,
Syracuse. N. V.—(S tate and Cit y S upplement , page 54.)—
City Clerk H. F. Stephens reports to the C hronicle that the
5K per cent refunding bonds of 1S78 which fall due on Feb.
1 will be re-issued, but the rate and time of the refunding
loan ard the date for the sale of the securities have not yet
been determined. The old bonds amount to $37,500.
Sioux City, Iow a.—{S tate and City Supplement, page
110.)—Proposals will be received until Jan. 16 for the pur­
chase of sewer bonds to the amount of $50,000.
Waco, Texas.—(S tate and City Supplement, page 179.)—
A resolution has been adopted by the City Council providing
for the uwudhoe of $36,000 of bonds for additional street im­
provements.
f

Northampton. Mass.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e
29.)~Bonds to the amount of $100,000 for macadamizing
streets have been recommended.
Orange. Mass.—The $15,000 of town water bonds were sold
on Dec, 30 to Mes-r.-s. Gay & Staawooi o f Boston at UK -33.
There were four bids received.
P a w t u c k e t , R . I . — S t a t e and C i t y S u p p l e m e n t , page 31.)
—Pawtucket sewer and highway bonds to the amount of
$650,000 have been sold to Blodget. Merritt & Co. of Boston,
and $350,000 of the securities were taken by the sinking fund
at par, as we have previously reported. The total amount on
which bids were aske 1 was $1,000,000, including $600,000 of
ra! account and highway bonds and $400,000 o f sewer
s. Both of these issues are dated April 1, 1893, and will
mature April 1.1923. Each will bear interest at the rate of 4
percent, payable in gold, A. & O., at the National Bank of
Redemption, Boston, Mass.
Poplar Bluff, Mo.—The people o f this city have voted in
favor of isjuing water-works bonds to the amouat of $10,000.
Quincy, Fla.—Water-works bonds to the amount of $20,000 have been voted.
Red Wing, Minn.—(S t a t e a n d C i t y S u p p l e m e n t , page 106.)
—It is reported that an election will be held in this city on
February 8 to vote on issuing $70,000 of bonds for a wagon
bridge.

B

M ISCELLAN EO U S.
B A N K S

58

M ISCELLAN EO U S.

M ISCELLA N EO U S.

C H O IC E INVESTMENTS

THE

IN

D w lr in *

c h o i c e s h o r t - t i m e r lt jr

m e t-tt* * :* *

R a ilr o a d

H ood*,

and

n e ttin g

#r»I
fro m

5 p e r c e n t t o 7 p e r c e n t , t o t a k e t h e t>l*<-e
e l c o m m e r c ia l p a p e r , a r c in v ite d to w r it e

Lewis

Street Railroad and
M unicipal Bonds.

o r t e le g r a p h f o r 11*1* a n d p r ic e * .

Ci VITAL PAID UP,

-

1DNK

Rudolph Kleybolte & Co.,
IN V E N T M K N T

5 IY

Lamprecht Bros. 6c C o .,

NEW

B .W iL L

W.

j.

BOSTON.

Hayes

&

Sons,

BANKERS,
Cincinnati, Ohio.

re*tai*nta-

Choice invesdment Bonds o f Cities,
Counties and School District*.

Edward M o r t o n & C o .,
53 Broadway, New York.
S p ec la in re :

s i n i M i„

7 K xrkaa ee 1‘l a v - J ; ^ ^

Y e a r . ’ S a o c e e e fn i E x p e r ie n c e .
M end l o r P a m p h l e t .

VY. A. HOTCHKISS,
Seereurr.

QEO. II. LEWIS,
Pretldent.

R A IL W A Y

and

BOND*

Y T O U K ft.

Den ter* i » f (treatment H teuiitir*.

BONDS

X lE L m

M O R TG AG E LOANS

f ir *

A S

OF

» P er Cent and 7 P er (rent Net.
NO COMMISSIONS eharted borrower or lanfar

onto ions* hare prr.rm rood.
S M IT H

&

NAN ANTONIO. TEXAN.

C O .,

SECURE BANK VA U LTS.

C IT Y , QEO. A. LEWIS A CO„ Bankers
CO U N TY
!32 LA 8AU.E STREET,
S C H O O L » « * !' r o u Ultra.
C H IC A G O .

KOMI NO B. KIRBY,
GENUINE
ro B .u H ln - N ln ln i Knstneer and
tlrllllB tg U t,
WELDED CHIiOME STEEL AND IBON
X<t, iMVpSTeMeertB Street, Dearer, Pot
Flat Bar. and S-tilf Plate* and AnmS#
iPKClALTr^-The Expert ®cta»toa#4tnt of Wairst a IloandwidF<m
SAFES, VAULTS, AC.

joh. G , P latt, C . E .,
( OSSLLTI5C ENGINEER

TEXAS.

*m HOOKKH\ , CHICAGO,
m THRBADNBBDftff ST., LONDON,
C A P I T A I, P A ID U P , - ** § 4 ,0 0 0 ,0 0 0
EmmMm trait# from IradlyMoal* and m rpw t*
Uanm, . Am» m m*mt for ilie regtatration and trims *.
fer o f bond* and stocks and the payment o f
mmpfttm, interest and dividends,

.New Y o rk ,

turnettreat* end w atallorri ■*> Katerpriee*.

F R A N C IS

S u n n u R Pint Mori-

tm®m Debenture Band# Merarad by bond* of MU'10 W#U Street, raicipaiJti*-*.
Wntet*. G*» n«<l Railway Chmxmt\\<&.

311-313 Saeert.r

Cable Andrew. - E B N R X T H ."

LISTS' MAtt.KD UPON APPLUjATtOK.

BAN K

e C b lT

OiA r C n u c n i gaeaaon Improved land*
in Io n and Baetero Nebraaka. Bale and DwtraWe

The American Debenture Co.

0 * alert in MUNICIPAL BONDS.
.treat sunear if-mil and other hints grade in

ju

DM,000.

B A N K E H *,

30 f f r « Third Street.

STH K K T

PCD

F ifte e n

NT., NEW t O I I K .

CLEVELAND.

.

(It . F i e l d In t h e W r . t

C. H. W H I T E & CO.,
73 MHO AD W A Y,

C o .,

C h o i r * I a , r a i m e n t , In t b * m e e t ' ' « < m r r « .

PRICES TO SUPS T H * TIMES.!

MAN K EB.1,

Investment
DEB M O IN E S, I O W A .

31

W n ll S tr e e t, N ew Y o r k ,
Arad W a t e r f o r d , I f . f ,

E x a m in a tio n * .

* u j» e r v ii» J © n .

R ep orts

THE WALL STREET JOURNAL.
n lnrulaabt, IIennolal dattr; f i e veer. Semple cow
•ee. DOW, JONES A CO, htbHsbens, U Broad S t

Cannot be towed Cat, or Drilled, and poalUralr
flouiiai- Proof.
O ltn C A K ST E E L W O R K S ,
Sola M .n'fer* In the 0 .8 . B R O O K L Y N .

K, Y.

W M . FR A N K LIN H A LL
BOOKS AC COUNTA ^T AUDITED
New form* de#ign&d for book* of account.
Settlement of Insolvent Estates,
418 Exchange Building, 68 State Street, Boston*,

54

THE CHRONICLE.

|VOL. LVIII.

Yonkers, N. Y.— State and Cit y Supplement , page 56.)—
It is reported that §8,000 of 5 per cent assessment bonds of
this city have been sold to the Yonkers Savings Bank at 101.
Yorkville, S. C.—An ordinance has been introduced in the
Legislature providing for the issuance of water-works bonds.

Walla VVa la. Wash.— C h r o n i c l e , Vol. 57, page 268.)—
Bids will be received until Januiiy 3 0 , by Henry Kelling,
City Civile of Walla Walla, Wash., for §160,000 of 5 per cent
20-year water bonds, both interest and principal to be pay­
able in gold in New York City. The securities are to be of
the par value of §1,000 each and they are issued for the pur­
pose of constiucting a gravity system of waterworks. The
total debt of Walla Walla, as last reported, on July 1, 1893,
was §79,129, including an issue of 6 per cent J. & J. funding
bonds to the amount of §40,000 maturing July 1, 1912, and a
floating debt of §39,129. The assessed valuation of real estate
in 1893 was §2,891,895; personal properly, §1,411,850; total,
§3,792 ,745. The population in 1890 was 4,709.
The City Clerk's advertisement trill be found elsewhere in
this Department.
Waterbary, Conn.—(S t a t e a n d C i t y S u p p l e m e n t , page
40 l-C itv Clerk Win. R. Mattison will receive bids until Jan,
29 for §5 0.0! 10 of 4 p e r cent water bonds, to be dated Jan. 1,
1894. interest J. & J., and issued as follows:
$200,000 on the 1st ilnv of February, 1991.

S T A T E AND C ITY DEB T CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our S t a t e a n d C i t y S u p p l e 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.
Chanute, Kansas.—A recent report issued by J. W . Bu­
chanan, City Clerk, gives the following statistics concerning
the city’s finances. Chanute is in Neosho County.
LOANS—

W h en D u e . I T a x v a lu a t lo n 1 8 9 2 ...........$ 3 7 5 ,0 0 0

I Real valuation (est.)....... 1,370,000

W v n ii W o r k s B o n d s —

6S. semi an., $20,000........ ............I Population in 1893 (e s t ) .........3,600
T otal d e b t.................................. $ 3 4 ,0 0 0 |P opulation in 1 8 9 0 w a s ............ 2 ,8 2 6

INTEREST on the water works bonds is payable at the Kansas,
Fisoal A gency, New Y ork City.

$ 1 0 0 ,0 0 0 on Hie 1st (lay o f vtarcb, 1 9 9 1.
# 1 0 0 ,o 0 0 on the 1st (l iy o f April, ( - ' l l .
$ 1 0 0 ,0 0 0 on the 1st day o f M a y , 189 4 .

Hampden County, M a s s . - ( S T A T E a n d C i t y S u p p l e m e n t ,
The bonds will mature at the rate of §5,000 yearly from page 25,)—AV. C. Marsh, Treasurer. The following report
January 1, 1899, to January 1, 1918, and the remainder on
shows the county’s present financial condition.
January 1, 1919.
County seat is Springfi-ld.

Winchester, Vu —(S tate

and

City S upplement , page 155 )

—The citizens of Winclnster will vote on January 16, on the
question of issuing §30,000 of water-works bonds.
Winton Place, Ohio —In reference to the election which
took place in this village on December 30, to vore on issuing
§23,000 of water-works b o n d s , Village Clerk R. B. Poage
writes us that the p ro D o sitio n was carried by a vote of 82 io
32. The loan is to run 20 or 30 yeais and to bear interest at
tbe rate of 4 ‘ i or 5 per cent, these matters not yet having been
determined.

CHICAGO.

Funded debt Jan. 1 ,’9 1 „ $315,000
4,630
Sinking fu nd...................
Floating debt.................
8,150
Tax valuationin 1893.-97,000,000
Co u r t h o u s e n o t e s —
County p rop erty....... .
592,000
7 S ......... $90,000............Jan, 1,1895
,•510,000 due y ’rly) to Jan. 1,1903 County tax, $0’8 7 : State do. $0'74
Population in 1890 w a s ...135,713
J a il A H. o f C o r r . B o n d s —
3 s, FA A . $200,000. ...A u g . 1, 1906 Population in 1880 w a s .. .104.142
LO ANS—
B k id g f , N o t e s —

4s, J A D ,

W h en D u e .

$25,000___ On demand

INTEREST on tbe ja il and house o f correction bonds is payable at
the First N ational Bank o f Boston, Mass.; all other interest payable at
h e Springfield Institute for Savings, Springfield, Mass.

CHICAGO.

CHICAGO.

The

Title Guarantee & Trust Illinois Trust & Savings
EquitableT rustCompanj/
Bank.
Company
1 8 6 D E A R B O R N S T ., C H I C A G O .

CAPITAL, PAID UP, - S U R P L U S ,.....................

- $500,000
50,000

AUTHO R IZED B Y L A W TO R ECEIVE and ex
eente trusts of every character from courts, corpora­
tions and Individuals. Takes entire charge of estate*
reaf and personal Acts as agent for the registra­
tion and transfer o f bonds and stocks and the pay­
ment of coupons, interest and dividends. A lega
depository for court and trust funds.
INTEREST AL LO W ED ON DEPOSITS of money
which may be made at anytime and withdrawn afte)
Sve days’ notice, or at a Hied date.
TRUST FUNDS AN D TRUST INVESTM ENT!
* r* kept .separate and apart from the assets o f the
womp&ny.
DIRECTORS:
A Z E L P. H AT CH ,
CHAS. H . HULBURD.
M. W . KKRW1N.
GEO N. CULVER,
H A R R Y RUBENS,
M AURICE ROSENFKLD
J -R . W AL SH ,
SAM UEL D. W A R D .
OTTO YOUNG.
OFFICEBB:
J. R. W A L SH , President.
CHAS. H. HULBURD. Vice-President.
SAM UEL D. W A R D , Treasurer.
____ _________
LYM AN A . W ALTO N , Secretary

Jamieson & C o .,
S T O C K S —B O Y D S ,
Members New York and Chicago Stock Exchanges.
187

DEARBORN

STREET,

C h ic a g o , Ilia.
Private wire to New York aud Philadelphia,

Loeb & Gatzert,
M ORTGAGE
136

LA

SALLE

BANKER*

S T R E E T , C H IC A G O .

,„o r ’ * le In large and small amount*
netting Investors S, tst and 0 per cent, secured bi
-wproved and Inoome-bearlng Chicago city property
P r ln c lp n l nnd In le r e a i p n y n b le In G o l d .
CORRESPONDENCE SOLICIT BD.

OF

C H IC A G O , IL L .

CH ICAG O ,

9 2 , 0 4 Sc 0 6 W A S H IN G T O N S T R E E T .

C A P I T A L AN D S U R P L U S , - 8 3 , 3 0 0 , 0 0 9

C apital, p aid -u p .............................. 8 1 ,6 6 0 ,0 0 0
Undivided earning*, including
surp lus...............................................
2 3 9 ,0 0 0
Deposited w ith State A ud itor. .
2 0 0 ,0 0 0

IN T E R E S T A L L O W E D O N D E P O S IT S .
This Bank is directly under the jurisdiction and
supervision of the State of Illinois, is a L E G A L
DEPOSITORY for Court Moneys, and is authorised
w
as TRUSTEE, EXECUTOR, RECEIVER and
ASSIGNEE for ESTATES, IN D IV ID U A L 0 and
CORPORATIONS.

G UARANTEES TITLES TO R E A L ESTATE.
M A K E 8 ABSTRACTS OF TIT LE .

Oiler* in vestors In re al estate securities
protection afforded by no other system oi
doing: business.
Is authorized by law to act as Registrar of Stooki
and Bonds, Executor, Reoeiver and Trnstee for
Estates, Syndicates, Individuals and Corporation*.
Trust moneys and trust securities kept separate
from the assets of the Company.

o f f ic e r s ;

John J. Mitchell, President.
John B. Drake, Vice-President.
W m . H . Mitchell, 8econd Vice-President,
W m . H . Reid, Third Vice-President
James 8 Gibbs, Cash’r. B. M. Chattel!, A ss’t CasM’ f
r ^
„
DIRECTORS
John McCallery,
John B. Drake*
L. Z. Lelter,
W m . H .Reld,
Wm. H. Mitchell,
John J. Mltche
V m . G. Hibbard,
J. C. McMullin,
B. Shipman,
j , Ogden Armour*

T. w»sir«ll

C O R R E SP O N D E N C E S O L IC I T E D .

1850.
1898.
OFFICERS:
G W YN N G ARNETT. President.
A.
H. SELLERS, Vloe-President.
AR CHIBALD A . 8T EW AR T , Secretary.
CHAS. R. L A R R A B E E , Treasurer.
FR A N K H. SELLERS, Trust Officer.
IN T H E C IT Y O F N E W Y O R K .
DIRECTORS:
Gwynn Garnett,
Cha*. w . Drew.
O F F IC E R S ."
^ • ^ • K erfo o t,
John P. Wilson.
G E O R G E H . B U R F O R D , P resid en t.
g 9 ra«e & Ch« 9 *
Bdson Keith,
g* Shortail.
Geo. M . Bogne.
C. P . F R A L E IG H .... ...................................... S e c r e ta r y '
John DeKoven,
A . H . Sellers.
W H E E L W R IG H T ................... A ssistan t Secretary
Samuel B. Chase,
WM. T . 8T A N D E N ........................................
A ctu a ry
COUNSEL:
A R T H U R C. P E R R Y ............................................Cashier
7 *w
John P. Wilson,
A. W . Green,
A . M. Pence,
IOHN P. M UN N ...................................M edica l D irector
FIN AN CE C O M M ITTE E.
GEO. G. W IL L IA M S ............. Pres. Chem . Nat, Bank
JU LIU S C A P L IN ............................................. D ry Q o o d ,
JO HN J. T U C K E R ................................................. Builder
Successor to
ffi. H . PE R K IN S , J r ., Pres. Im p. & T rad ers’ N at. B ’ k

The United States Life
Insurance C o.

A . G. Becker,

HERMAN

SCHAFFNER

Sc C O .

COMMERCIAL PAPER,
154 La Salle Street,

- Chicago, III

A. O. B L A U ap TEH, Member N. Y. Stock Exchange.
v * BAK ER , Member Chicago Stock Exchange!

'V. O . Slaughter & C o ,
b a n k e r s

J o h?l,tr 0rS w S^fiSP,u.l ^ , pians 6 f L IF E IN S U R A N C E
N y A, ? L B T ERM P O L IC Y w hich
mdtmidt4.
? K d th»e Kreau-rt possible am o u n t o f
eve[; t o f death, at th e low est possiand tlle G U A R A N T E E D
e f e n Y o f i UT6s' » e I t tosuer“ S S ? l n d % “ fe h ai n athS
tn accordan ce w ith^hS1! legal r ®fe rye v &lue th e r e o f
(wllcfes.
th th term8 and con(tition8 o f these
desiring to represent th e Com pany
are invited to address J . s . G A F F N R V <3nn«r
'Titandent. o f A gen cies at H om e O ffic£
’
P

,

t l l - 1 1 3 LA SA L LE ST R E E T,

C H IC A G O , IL L S .
Chicago S ecurities Bough

and S old .

'

A rch ’d. J. C . Anderson,
P U B L IC A C C O U N T A N T ,
1 2 7 W a t e r S tre e t,
NEW Y O R K