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§) W iife lg § b w 0 f" fi* r, REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES [Eatered according to A ct o f Congress, in th e year 1894, hy th e William B. Dana Company, in th e office of th e Librarian of Congress.] ......... 1 " ........... ........ ■ — ■ — 1 —■ VOL. 59. SATURDAY, JULY 14, 1894 3pue ©famiitle. Week Ending July 7. New Y o rk ......................... Terms of Subscription—Payable in Advance : For One Y ear......... ........................................................... $10 00 For S ix M onths.......................................................................... . 6 00 European Subscription (including p ostage)..................... 12 00 European Subscription Six Months (including p ostage). 7 00 Annual Subscription in London (including p ostage)___£ 2 10s. Six Mos. do. do. do. ...£ 1 1 0 s . The I nvestors’ Supplement of 160 pages is issued every other month, on the la st Saturdays of January, March, May, July, September and November, and furnished w ithou t extra charge to all subscribers of th e Chronicle for six m onths or longer. The State and City Supplement of 184 p ages is also given to every yearly subscriber o f the Chronicle. F ile covers are sold a t 50 cents each, and to n ew subscribers for a year one file cover is supplied w ithou t ch arge; p ostage on the sam e is 18 cents. Terms of Advertising—(Per inch space). O n etim e....... .......................... $3 50 Three Months (13 tim es). .$25 00 (26 “ ) .. 43 00 One Month (4 tim es).. 1 1 0 0 Six Months Two Months (8 “ ) .. 18 00 Tw elve Months (52 “ ) .. 58 00 (The above term s for one m onth and upward are for standing cards.) London Agents: Messrs. E dwards & Smith, 1 Drapers’ Gardens, E. C., w ill take sub scriptions and advertisem ents, and supply sin gle copies of the paper at Is . each. W I L L I A M B . D A N A C O M P A N Y ., P u b l i s h e r s , P in e S tr e e t, N . W . C o rn er o f P e a r l S tr e e t, F ost Office B ox 958. NEW YORK. Sale» of— (Stock»............. shares.) (Grain ............. bushels.) B oston............................... P rovidence....................... H a rtfo rd ........................... New H a v e n ..................... Springfield........................ W orcester............ ......... P o rtlan d ........... . .......... Fall R iver........................ Low ell............................... New B ed fo rd ................... T o tal New E n g la n d ... P h ilad elp h ia.................... P ittsb u rg .........................-, B altim ore......................... Buffalo........................... • • W a s h in g to n .................. R ochester......................... Syracuse........................... W ilm ington..................... B ingham ton..................... Scranton *......................... T o tal M iddle................ Chicago............................. C incinnati......................... M ilw aukee....................... D etro it.............................. Cleveland......................... C olum bus......................... P eo ria................................ Indianapolis.................... G rand R apids.................. L exington ........................ CLEARIN G H OU SE R E TU RN S. The following table, made up by telegraph, etc., Indicates that the total bank clearings of all the clearing houses of the United States for the week ending to-day, July 14, have been $851,099,807, against $877,917,944 last week and $989,454,359 the corresponding week of last year. T o tal M iddle W estern. San F rancisco.................. Salt L ake C ity................ Los A ngeles..................... Week Ending July 14. Clearings. Returns by Telegraph. 1894. New Y o r k ........................... Boston........ ......................... P h ila d e lp h ia ............___ Baltim ore...____ . . . . ___.... Chicago.................................... St. L o u is ...................... New Orleans . . . ---------------- $378,540,403 69,999,886 50,021,029 12,923,657 61,697,437 18,553,840 5,610,480 $468,677,017 76,524.199 53,952,885 11,855,467 72,827,969 18,318,298 5,487,705 -19-2 - 2-1 - 7*3 + 9‘0 -15-3 + T8 + 2‘2 Seven cities, 5 days ... Other cities, 5 d a y s ........... $597,346,732 110,974,372 $702,643,540 125,408,716 -15-0 -11-5 Total all cities, 5 d ays.... AU cities, 1 day. . . . — .......... $708,321,104 142,778,703 $828,052,256 161,402,103 Total all cities for week.. $851,099.807 $989,454.359 -14-5 -11*5 -14-0 1893. Per Cent. T o tal Paoiflo................. Week End’g June 36 1894. 1893. P. Ceni 1894. P. Cent « $ $ 468,561,950 550,827,250 —14 9 414,364,703 —82*7 (413.716) (505.636) (—18‘2 (644,062) (—68-l l (15,141,750, (7,069,600) (+114 2) (45,412,575) ( - 7 8) 84,477,255 94,3)9.572 —JO 4 71.133,301 —11-8 4.819.900 5.700.200 —15 4 3,897,000 —30-8 3,018,568 3,257,177 1,549 307 —31*0 —73 1,7*5,768 1,726 576 —005 1,248,849 —70 0 1,568,346 1,648.299 —5-5 1,071,190 —14-5 1,191,179 1,426.988 - 1 6 0 1,089,220 —9-3 1,370.020 1,383.065 908.857 -9 4 -7 9 686.496 856.787 —19 9 582.639 —31-5 638.307 708,065 —24 0 552.4 0 1) —7 4 375,063 416,450 —10 4 335,540 -6 3 99,769,502 111,446,119 -10-5 82,428,320 —13'4 65,241,983 69,452 651 53,535,756 —10*7 —0*1 14.077,973 12,774,103 +10 2 13.304.523 +6‘2 16.378,694 14.643.775 + 1 1 3 11.147.020 —23-4 4,056.577 8.315,085 —51 2 3,099,8o2 —58 5 1,916,566 1,747,187 1,583 852 -3 0 +9 7 1.811,446 1.648 926 1,272.687 - 1 8 4 +9 9 833,190 1,058.101 —20 1 1,026.144 +20-4 707,0)4 860.698 627,191 —43*1 —17 9 351,900 326,206 204,200 -3 -9 +7 9 651,942 1.633,371 105,275,343 110,826,727 85,761,524 -17-6 -6 0 77.329.476 85,461,543 -6*0 78,518 851 -9 1 13.551,900 11.149.250 + 2 1 5 12,388,850 +5-7 3.520,435 6,082,731 —42 1 3.705,975 —24-3 5,663,600 5,680,810 -8 -4 4,702,788 -0 3 4,913,954 6,266.460 —5 5 4,637,285 -6 7 3.159.400 2,915,600 2,672.300 —20-2 -7-7 2.432,321 1,607,500 +51-3 1,375,275 —17-1 1,6X1,184 1,359,228 +18*5 1,320.740 —28-9 825,000 849.154 722,636 -16-5 -2 8 803.683 +10-4 335,113 265.264 + 3 6 8 —7-0 286.417 280,855 367.938 —23 2 311.010 —25‘3 232,187 178, *00 - 1 0 9 216.906 —30 9 136,979 —6*5 235.711 224,165 —39-2 136,238 116.999 —40 3 177,193 150,240 +3-2 169.936 -4 1 114,060,340 122,216,971 —6'7 - 6 7 111,331,969 +4*3 7,822,293 10.382.688 . -24*7 11.807,967 776,444 824,254 —30-5 l,502,58d -4 8 3 913,6«+ 983,214 —18-1 856 860 +60 433,187 442,397 —30-7 732 9+9 - 4 0 9 457,800 - 3 4 6 3'1,900 446.767 —28-0 610.061 +186-7 590.874 369.5 9 +59 9 490,526 —30-3 696.813 —25 5 519.241 185,722 221,040 -1 6 0 321,978 +73-2 129,671 110,855 131,410 -1 3 +T$ 108,014 91,470 15,340,682 - 2 3 8 16,055,053 -1*7 11,693,006 7,740,853 5,527.274 5.170,692 4,789,818 3 676.929 1,323.581 l,6a4.819 623.053 805,295 363,983 896,515 464.578 100.457 32,670,847 -3 8 +6 2 -1 9 7 -3 4 6 -3 + 0 +617 —10 3 —10 3 +12 +281 -41-9 +4-3 —25 1 -1 0 6 7.147.258 5.050.0+2 4,810,807 3.811.307 2,419,276 2.29+.590 1,230,108 603.658 882,722 315,6x8 274.020 476.300 80,000 29,402,566 -9 -1 —8 0 —186 -6 -3 —38 0 +296 —25-1 T o tal O th e r W estern.. 7.450,581 5,868,236 4,161.020 3,133,895 2.426,119 2.139,611 1.610.954 558.706 815,000 374,189 232,268 484.395 76,275 29,217,249 21.043.777 6.689,951 5.625.351 1.899.198 1.774.167 2.9)4,234 1.302.472 1.046,959 1.048.820 1.054,407 798.438 939,526 362,410 467.0o0 323.283 332,2+9 315.098 48.0U.340 -1 -8 +9 4 +20 4 + 12 -6 6 +9 6 +28 8 +11 0 -8 9 —9-1 —26-8 -6 8 + 60 0 +51-7 -2 6 +19 0 -39-1 18,295,761 5.891,467 4.631,084 1,416.+80 1.579,951 2,255,676 1,252,661 1.188,900 766.695 629 902 883,084 833,812 515,227 608,2 >5 314,687 299 077 200,000 41,465,518 —2*6 —161 —1*1 —226 —11*5 T o ta 1S o u th e rn .. . . . . . . 20,663.212 7,209.541 6,654.340 1.922,390 1.656 896 3.195.242 1,340,041 1.155,391 955,231 958,460 592,377 875,955 666,092 693,273 315,000 395,258 191,855 49,340,554 —13 3 ■H> 3 —29 A -5 -7 877,917,944 i 991,339,936 40y,3o6,»9i 440,512,686 —1V4 780 809,552 360,444,849 —24-1 —i n -13*7 -t-6 3 —167 —18-9 * •• -iF a T h e f u l l d e ta ils o f c le a r in g s for' t h e w e e k c o v e r e d b y t h e above statement will be given next Saturday. We cannot, of course, furnish them to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week have to be in all cases estimated, as we go to press Friday night. Our usual detailed figures for the previous week, covering the returns for the period ending with Saturday noon, July 7, as well as the comparative totals in 1893, are given below. Compared with the preceding week, the aggregate exchanges show an increase of ninety-seven millions of dollars, the gain at New York being over fifty-four millions. Twenty-five of the cities record gains over the corresponding week of 1893, but in the total for the whole country there is a decline of 11'4 per cent. The most important gains are at Duluth, 61*7 per cent; Waco, 60 6 ; Los Angeles, 599 ; Peoria, 51*3; Fort Worth, 51-7 per cent. The heaviest losses have been at Buffalo, 51 2 per c e n t; Portland, Oregon, 48'3 ; Wichita, 41*9, and Milwaukee, 42*1 per cent. NO. 1516. T o ta l a ll......................... O u tside New Y o rk .... H am ilton ....................... W innipeg.*....................... T o ta l C a n a d a ............. . *Not Included in totals. ■fZ-9 -7 1 9,511,494 6.694.778 1.379,160 761,329 11,355,222 9,151,412 1.762.421 1,039,201 —18 2 -37-8 —21 7 —20-7 9,195,501 4.668,045 1.023,342 527,129 17,346,751 23,308,256 -3 5 0 15,414,017 +18-6 —0-4 —41-9 +19-0 —12*6 -11-4 +10-9 +18 9 —23 3 —106 +109 +9 8 +38-6 +129 THE CHRONICLE. 44 [Y ol . L lX responded to by several hundred thousand men at Chicago and other railroad centres, and as no one could really know the exact outcome, the threats and the We think it can be said with good reason that all claims retarded progress towards recovery. Tuesday the influences which have been so long and so seriously night the orders for a general strike in Chicago were disturbing business affairs are now in the way of issued; Wednesday its failure became obvious, and speedy removal. How serious the interruption has been is strikingly illustrated in our review to-day on Thursday it was seen to be little more than a farce. subsequent pages of railroad earnings for the month of In the meantime negotiations had been in progress to June, and more especially for the six months ending get the labor classes to strike in other cities, and the head with June. We give the returns from 124 roads for official of a large labor organization issued an order for six months and 76 more roads (which have not yet is that purpose. But there was very little disposition sued the June figures) for five months. Taken together shown anywhere to respond, the men exhibiting more these roads cover 148,000 miles out of the 178,000 sense than their leaders. Even in California Thurs miles of road in the whole country, and they show a day and Friday the railroads appeared to be in much loss of gross earnings in the period mentioned of 741- better shape, though the wrecking of the train on the million dollars compared with the earnings of last Southern Pacific road between Sacramento and San year. If the same percentage of decrease here disclosed Francisco, killing the engineer and three privates in be assumed for the systems not included in our state the regular army, which occurred on Wednesday, in ment we would have for the entire railroad mileage of dicated the desperate and lawless character of the men the country a decrease in gross earnings of about 100 foremost in the movement there. After the proclamations, the event this week of chief inillion dollars in the first six months of 1894. What a. radical difference between the two years that change importance connected with the strike has been the ac introduces. A very large part of this 100 million dol tion of the Senate. I t will hold a conspicuous place in lars would have gone this year, as it did last year, history, being notable for the unanimity with which all into reproductive work, had it been earned. I t political feeling was sunk in the effort to express full, Consequently represents chiefly the demand which has clear and unequivocal commendation of the President's been withdrawn from the iron, the rail, the car pro action. We do not remember any previous occasion ducers and the many other markets of the country when the like has occurred in a body divided into two through the losses of that one industry. And yet the political parties. The wording, too, of the resolution employes on these roads would further weaken this passed was as remarkable as the act itself. great agent for creating work, and indeed if they could Not a doubt can cross any mind after reading it that would stop every industrial movement in the land, the intention was to support the President fully in what because forsooth some men cannot in such times get he had done and to discourage the lawless proceedings in full pay. What is stranger still, they think apparently progress. I t not only by its terms endorses “ the that dead industries can be used as stepping stones to prompt and vigorous measures adopted by the Presi higher wages. We have written on this point in a d en t" and the “ members of his Administration to re subsequent article to which we would refer our readers. pulse and repress by military force the interference of The strike situation has materially improved during lawless men with the due process of the laws" and the week; indeed the last few days the movement has “ with the transportation of the mails " and with “ the been steadily and everywhere losing ground, the men commerce among the States," but also asserts that returning to work in large numbers and the railroads such action has “ the full sympathy and support of the rapidly getting in active operation again. And yester law-abiding masses of the people," and that the Presi day it appeared as if there was nothing left for the strike dent and his Administration “ will be supported by all leaders to do except to declare the strike at an end, so departments of the G-overnment and by the power and that reports that this step was under consideration or resources of the entire nation." This action was in had been determined upon did not occasion surprise. duced by a speech of a Senator referred to in another President Cleveland's first proclamation was published on article, and brings out clearly how averse public opinion Monday and his second on Tuesday. Saturday, Sunday in the United States is to lawlessness, and how quickly apd Monday mob rule seemed to be well-nigh triumph and firmly riotous proceedings and methods unite the ant, freight cars being destroyed by the hundreds; this people in opposition to any movement carried on, even was especially true of Chicago and vicinity on the first in part, by means of such agencies. These affairs have occupied the public mind almost day mentioned, the area of lawlessness widening on the subsequent days. The first proclamation was addressed to the exclusion of other matters this week. And yet to the rioters in'Illinois and established in effect a progress in various directions has in the meantime q u p i martial law ; the second, like in character, was been making towards a better business outlook. The addressed to many other States named in the instru tariff bill has been thrown into a conference commit ment, in which violence was being used by the strikers tee, and the reports are that a settlement of the differ in interrupting the movement of the trains and de ences between the two Houses is not improbable stroying railroad property. Defeat of the boycott the coming week. Then also the Treasury situ seemed to be assured almost immediately thereafter— ation continues to improve and instead of the large that is to say the riotous proceedings were suppressed loss in cash so many anticipated in July, there has in large measure, and the destruction and detention of been no loss, notwithstanding the 7 i million dollars ears and trains was stopped in good p a r t ; but the pub of gold interest which fell due on the first of the month. lic was kept in a state of suspense and anxiety the first Indeed the Treasury opened the month with $64,873,half of the week by the threats of the labor lead 024 of gold, whereas on the 12th of July, the last ers to call out all labor in Chicago; in return we have as we write, the same item was deed labor of every kind, it was said, was $64,892,787, having in the interval met the demand to leave work in every part of the country. As for interest and all other current demands. So the claim was made that these calls would be at once too the cash balance, which was 159 millions TH E F IN A N C IA L SITU A TIO N . J uly 14, 1894.] THE CHRONICLE. 45 on July 1, on July 12 was still 158£ million, open market rate at Paris I f per cent; at Berlin tbe rate is having been down to a little less than 156 million on also I f per cen t and at Frankfort it is I f per cent. AccordJuly 7. The prospect is now that this item instead of ing to our special cable from London the Bank of England a large decrease for the month is likely to show an in lost £395,010 bullion during the week and held at the crease. We understand that Mr. Gage, President of the close of the week £38,506,347. Our correspondent First National Bank of Chicago, has offered the Gov further advises us that the loss was due to the ship ernment $1,000,000 gold in exchange for currency, and ment to the interior of Great Britain of £465,000, other hanks of that city have offered upon the same to the export of £39,000 (of which £27,000 was to Spain), and to terms other amounts of the metal, which the Secretary to Sweden and £12,000 has accepted and which will be shipped to New York the import of £109,000, of which £82,000 came as soon as the existing railway disturbances have wholly from Australia, £9,000 from Portugal, £8,000 from India and £10,000 was bought in the open ceased. Last Saturday's hank return showed some unex market. The market for foreign exchange was influenced on pected changes, principally in loans, due to the fact that the statements of the Liberty and National Union Monday, as it was towards the close of last week, by banks were included for the first time, thus augmenting the small supply of bills resulting from the inter loans and other items by the amounts in these two ruption in the movement of staples to the seaboard banks. The increase in loans was also due to the fact caused by the strike at Chicago and in that vicinity. th at coupons in course of collection were counted. I t was then difficult to say how soon this The statement showed an increase of $13,709,400 in movement would become free, and bankers who loans. The decrease of $1,263,400 in specie and a gain had round amounts to remit regarded it as of $2,409,900 in legal tenders made the increase in res probable that they would be compelled to erve only $1,146,500. This small gain in cash, not ship gold, though they were disposed to de withstanding the large gain by the banks from the inte fer shipments as long as possible in the hope If money rior movement and from Government interest disburse that the situation would change. ments, was no doubt due to the fact that the disburse could be loaned here at any reasonable rate, there ments of cash over the counters of the banks were, would be some inducement to draw bills in the expec larger than in average weeks because of interest and tation of covering them with cotton drafts later in the coupon payments in cash. Thè deposits were aug season, but with money almost unlendable such mented $15,260,500, representing the gain in loans and operations were out of the question. The situation at in cash, and the surplus reserve was decreased $2,668,- Paris favored gold shipments. There the open market discount rate was 2 per cent, due to the 625, leaving it at $72,134,725. There is no change in the market for call loans, and fact that at the French capital the principal discount bankers' balances remain at 1 per cent, with renewals ing is done by the Bank, thus enabling that institution at this figure, while banks and trust companies quote 1 to control the rate. Exchange at Paris on London to 1%per cent. There is a smaller amount of money was 25 francs 15% to 16% centimes, due in part to trade offering on time. The merchants, who were in the conditions but mainly to the fact that English capital market with their idle capital during June, now find was being sent to Paris in considerable amounts to take employment for it, and the trust companies are not yet advantage of the comparatively high discount rate free from demands for July disbursements. The there against the very low rate in London. With inquiry is very light, otherwise there would probably sterling strong in this market, therefore, so long as the be some advance in the rates. Quotations are situation in Paris remained unchanged gold exports 1 per cent for thirty days, 1^ per cent for were probable. On Tuesday the tone of the market sixty days, 2 per cent for ninety days to was firm, but there was no urgent demand by re four months, 2% per cent for five months and 3 per mitters. On Wednesday Heidelbach, Ickelheimer & Oo. cent for six to eight months on first-class collateral. decided to send $600,000 gold, a much smaller amount There is an increased supply of commercial paper, bor than they expected to send early in the week, and the rowers desiring to secure funds while rates remain at bills against this shipment seemed to make some im current figures and before they advance. There is a pression upon the market, for it grew easier in the good demand, though banks, trust companies and afternoon. The improvement in the railroad situation merchants are out of the market as buyers, and there had some influence, and on Thursday the market was does not seem to be an accumulation of good names. still easier, though the business was very small. The Quotations are 3 per cent for sixty to ninety day bills opinion was expressed by a leading banker that a ma receivable, 3 to 3% per cent for four months commis terial decline in exchange is a question of only a short sion house names, 3% to 4 per cent for prime and 44 to time. With the revival of business rates of money 5^ per cent for good four to six months single names. must gradually harden, thus encouraging speculative Paper is closely scrutinized and none but the best will sales of bills to be covered with cotton drafts. The following table shows the daily changes in the rates of sell freely. One of the leading foreign bankers who has recently exchange posted by leading drawers. Fri., Thurs., Wed., returned from Europe reports a confident feeling Mon., Tues.. Fri.. Ju ly 6. Ju ly 9. Ju ly 10. Ju ly 11. Ju ly 12. Ju ly 13. abroad regarding American securities, and he looks for Brown B ro s.... j 87« 87« 87« 87« 87« . 87« 89 89 89 89 89 i Sight....... 89 a revival of the speculative and investment demand as 88 83 88 88 88 [ 60 d a y s.,. 88 89 89 89 89^6 89« Sight....... 89« soon as the railroad situation improves. The indus Magoun & Co. Ì[; 60 88 88 38 88 88 d a y s.. 89 89 89 89« 89« sig h t..... I l k trial situation in Germany is excellent and prospects No. America..):¡60 88 88 83 88 88 days.., 88 89 89 89 89 89 M ontreal........\ ! Sight......, 89 of good crops in France make the conditions there Canadian 88 83 88 88 88 . 88 (60 days. Bank 89 89 89 89 89 encouraging. The Bank of England keeps its of Commerce. i Sight.... . 89 88 88 88 88 88 <60 days. . 88 89 89 89 89« miminum rate unchanged at 2 per cent, elhelm er & Co ) Sight.... . 89« 89« 87« 87« 88 87« 88 . 88 89 89 89 89« though sixty to ninety day bank bills in London are Lazard Kreres... ■i Sight.... . 89« 89« 88 88 38 88 ‘88 (60 days. . 88 89 89 89 89 discounted at f of 1 per cent. The cable reports the of C anada— 1 Sight.... . 89« 89 THE CHRONICLE. :4 6 The market closed dull and steady on Friday at 4 87-J to 4 88 for sixty day and 4 89 for sight. Bates for actual business were 4 87 to 4 87i for long, 4 88 to 4 88£ for short, 4 88^ to 4 88|- for cable transfers, 4 86£ to 4 86| for prime and 4 86 to 4‘86^ for documentary com mercial bills. The Champagne brought $50,000 gold from Havre in transit to Cuba. The report of the Agricultural Bureau at Washing ton issued this week shows that as far as the crop is concerned which in its importance to the country trans cends every other crop the situation the 1st of July was very satisfactory, the general average condition of corn being reported as high as 95. At the same time the acreage is stated to be over four million acres larger than last year. The two facts combined make the promise for a large crop of this cereal at the moment unusually bright. Of course between now and the harvest the outlook’may chaage very materially. There have latterly been complaints from certain sections of the need of rain, and as was the case last year it may happen that dry weather will injure and reduce the size of the crop. But thus far at least there has been no ground for serious apprehensions, and if the prom ise of a large crop shall be realized, the effect in reviv ing our lagging industries will be very important. The high condition of the crop seems to be general to nearly the whole country, as may be seen by the follow ing» giving the figures for the leading producing States where most of the averages are either close to 100 or above 100. Thus both Iowa and Minnesota stand at 100, Missouri at 101, Illinois 99, Indiana 96, Kansas 96, Nebraska 96, Wisconsin 98, Texas 94, &c. ACREAGE AND CONDITION OF CORN ON JU LY 1 . O th. S tates & T e r’s. 8,023 98 7,429 6,497 9* 6,247 6,180 92 5,670 3,560 96 3,456 »,737 93 ».710 7,202 93 6,547 7,365 94 6,241 991 95 972 937 94 919 1,029 97 887 3,650 89 3,476 3.108 .9 2 2,988 2,952 90 »,894 1,273 88 1,278 » 0 ,8 4 5 2 0 ,2 2 7 75 70 75 72 80 81 84 67 78 77 95 7,075 6,310 5,505 3,527 2,852 5,952 5,572 1,002 929 896 3,411 3,018 93 2.953 90 1,299 2 0 ,2 9 6 1890. 9,560 7,011 95 97 8,771 7,154 3,712 2,940 5,314 4,763 1,113 1,055 815 3,622 94 85 93 91 94 89 98 90 3,604 2,827 3,543 3,073 1,102 977 769 4,116 2,760 1,367 21,7 0 9 87 91 2,816 1,383 2 1 ,4 3 9 e 1 Acreage. Acreage. j Condition, j j Acreage. ■"i 1891. Acreage. 101 In d ia n a ..................... 96 O hio........................... 92 K ansas...................... 96 96 N eb rask a........... W isconsin................ 98 M ich ig an ................. 93 M innesota................ 100 T e x a s........................ 94 89 K e n tu ck y ................. 90 P e n n sy lv a n ia ......... 82 » I 1892. f i § © Ö Condition, f I o w a ......................... 100 Illinois....................... 99 1893. i St a t e s . 1 Condition. 1894. ■§ g 1 94 96 88 95 93 82 90 87 91 90 95 95 93 T o tal................... 96-0 7 6 ,8 4 « 93-2 7 2 ,0 3 6 81-1 70,627 92*8 76,204 P e r cont o f inc. or + 6 ‘0 dec. in acreage.... +2*0 -7 -3 +5-9 dition is placed as high as 95, while for Iowa it is only 78, for North Dakota 68, for South Dakota 44 and for Nebraska but 40. The general average of the spring-wheat States dropped pretty nearly 20 points between the 1st of June and the 1st of July. The settlement of the coal strike during June had the effect of starting up before the dose of the month of a number of the iron furnaces which had to be banked when the supply of fuel was cut off, and this resumpion of work is reflected in the monthly records kept by the “ Iron Age." The “ Age” finds that there were 107 furnaces in blast the 1st of July with a weekly capacity of 85,950 tons, against 88 furnaces with a weekly capacity of 62,517 tons the 1st of June. Before the strike, that is on the 1st of April, the number of active furnaces was 144 and the weekly capacity 126,732 tons. From this it is evident that the gain up to the first of the month had been comparatively small. Doubtless resumption would have been on a much greater scale except that the miners returned to work so late in the month that there was hardly time enough to furnish the iron makers with their usual supplies of coal, and besides this in certain districts the men were still out at the close of the month. Furthermore, the railway strike in Chicago the latter part of June introduced an entirely new disturbing element. We note that the “ Age” states that the resumption of work among the bituminous coal and coke furnaces up to the first of the month had been confined practically to the Pittsburg district. Now that the railway strike bids fair very quickly to be a thing of the past, we may expect that many other fur naces will soon go into blast again, and as a conse quence the figures the 1st of August should be of a very much more encouraging nature than those for the present month. The following statement, made up from returns col lected by us, shows the week^s receipts and shipments of currency and gold by the New York banks. -8 -1 Received by Shipped by N. Y. Batiks• N . Y. Banks. Week Ending July 13, 1894. O nrrency _________ , S a id _________ _ _ .. ____ Net Interior Movement. $5,954,000 $3,599,000 G ain.$2,355,000 700,000 300,000 S ain . 400,000 T o tal gold and le g a l te n d e rs ___ $6,654,000 $3,899,000 Gain.$2,755,000 , With the Sub-Treasury operations and the gold exports the result is as follows. Week Ending July 13, 1894. 3 -l;7 1 ,9 7 1 IEP“ Three ciphers (OOO) om itted from acreage figures. fV o L , L 1X , Into Banks. Out of Banks. Net Change in Bank Holdings. B anks’in te rio r m ovem ent, a s above $6,654,000 $3,899,000 Gam.92,755,000 S nb-T reas. o p er and gold ex p o rts. 13,600,000 14,850,000 Loss. 1,250,000 T o tal gold a n d le g a l te n d e rs ....... $20,254,000 $18,749,000 Sain.$1.505,000 As regards the other cereals, the situation is not so The following table indicates the amount of bullion satisfactory. The condition of oats, for instance, is in the principal European banks. put at only 77‘7 (against 88*8 last* year and 87*2 in 1892), and the condition of spring wheat but 68’4, July 12, 1894. July 13, 1893. Bank of against 74T in 1893 and 90*9 in 1892. The condition Gold. Silver. Total. Gold. [' Silver. lotal. £ of winter wheat, however, is'given as 83-9, against 77*7 £ £ £ "i £ Bngland......... 38,506,347 38,506,347 39,581,701 39,581,701 last year. The average for cotton is placed at 89*6 France............ 73,059,537 50,766,970 123,826,507 68.613.000 50.886.000 119,538.000 against 82*7, and the average for potatoes 92-3 against G erm any*.... 33,742,500 11,247,500 44.990.000 30,083,350 10,037,750 10 ,111,000 A ust.-H ung’y 10,535,000 16,396,000 26.931.000 10.399.000 17.103.000 37.802.000 94*8. 7.918.000 9.208.000 17.126.000 7.916.000 6, 111,000 11.357.000 Spain............ 1894. Corn.................... . W inter w h ea t... . . . 83-9 Spring w h eat...,. . . 68-4 Oats...................... E y e ...................... Barley.................. P otatoes.............. Cotton................. Tobacco.............. . . . 81-0 1893. 93-2 77-7 741 88-8 85-3 88-8 94-8 82-7 93-0 1892. 81-1 89*6 90-9 87-2 92-8 920 90*0 86-9 92-7 1891. 92-8 96-2 94-1 87-6 93-9 90-9 95-3 88-6 91*1 1890. 93*1 76-2 94-4 81-6 92*4 88-3 91-7 91-4 88-2 1889. 1888. 90*3 93-0 920 75*6 83-3 95 9 94-1 95-2 96-6 96 0 9 1 ’9 910 95*1 95-7 87*6 86*7 899 . ... P The outlook'for spring wheat appears to vary a great deal amongAhe^different^States. ^ In Wisconsin the con- Motherlands.. Nat.Belgium* 4.522.000 6.971.000 11.493.000 2,893,333 1,446,667 4,340,000 Tot. th is week 171,176,717 96,036,137 267,212,854 Tot. prev. w’k 170,917,004 96,267,516 267,184,520 3.816.000 7,015,000 3,799,333 1,399,667 9.861.000 1.199.000 93,303,117 315,113,701 93,809,500; 216,667,377 * The division (between gold and silver) given in our table o f coin and bullion in the Bank of Germany and the Bank of Belgium is m ade from the best estim ate we are able to o b ta in ; in neither case is it claimed to be accurate, as those banks m ake no distinction in th eir weekly returns, m erely reporting the total gold and silver, but we believe the division w e m ake is a close approxim ation. N ote.—We receive the foregoing results weekly by cable, and w hile not all of the date given at the head of the eolumn, they are the re turns issued nearest to th at date that is, the latest reported figures. J uly 14, 1894.1 THE CHK0N1CLE. 47 inaugurated against the railroads be conclusive to SE N A TO R P E FFER A N D TH E M ISLED those who are taking part in the boycott of its lack of S T R IK E R S . wisdom ? No strike has a chance of success in this Senator Davis of Minnesota and Senator Gordon of country that is opposed by the voice of the people, and Georgia deserve the thanks of the public for having so there never was an occasion when that voice was so promptly and forcibly protested against and character unanimous in opposition as now. Under these circum ized the treasonable nature of Senator Peffer's utter stances the further and longer the strike extends the ances this week. Under any but such threatening con more disastrous it must prove to those engaged in it. ditions as have existed recently, when his remarks un Then again how can labor be benefitted by the bank challenged so obviously tend to encourage and inflame ruptcy of those who employ labor ? Any one can see the spirit of rebellion rampant in a large part of the that the insolvency of the firms and companies engaged country, it would be making too much of the Kansas in productive work is not only threatened but made ^Senator's speeches to give them so great prominence. imminent by a wide and general boycott movement, Who could quarrel with his grotesque statement that he such as that which has been attempted in this instance. would vote to abolish the Senate. He no doubt judges Even when a strike is confined to one trade its tendency the Senate and the effect of his vote in putting it out of cannot help being harmful within the narrow circle of •existence from the standpoint of a few of his Kansas its influence, for it is a harsh though sometimes no •adherents, for he states that his friends wrote express doubt a necessary remedy that labor may wisely try as ing a hope of the Senate's abolition. These Kansas a last resort. But if tried on a larger scale it is almost friends measure the mission and usefulness of that body impossible by that means to succeed in securingthe ob by their own representative. Mr. Peffer thinks, as we ject sought; its operation in that case is destructive, and gather from his words on various occasions, that legisla if prolonged it can but destroy the weaker class, and, if tion can create wealth and, carried far enough, will make we can imagine it further prolonged, it could not fail to -every poor man rich, if not also every rich man poor. throw into bankruptcy all firms and corporations but Now as the Senator has been in Washington about a the strongest concerns. The reason for this is th at year and a-half and has not as yet done anything of that commercial men cannot stop their expenses except in Mnd for his neighbors or even made a start towards small part. Even if labor leaves and wages lessen «doing it, the course now urged is certainly logical, to there is interest on stock and plant and borrowed capi do away with that body and make another. His fan tal, there are rent and taxes and personal expenses, with tastic thought does not end there, however, for he hundreds of lesser things that go on without interrup proposes an organization one-half the size of the pres tion, all of which the usual business income pays. For e n t—that is, the two Senators from each State made these reasons a wise merchant or manufacturer or rail into one member of the new chamber. Of course his road manager would never let a disagreement proceed idea would be—if he has any complete idea, which is to the limit of a strike if he could properly respond to doubtful—to have a more ignorant and facile body the requirement. with Peffer as the Kansas representative and other A distinctive feature too applying to the present occa revolutionists representing other States, He said sion is that our business men have suffered under a long something too about a dictator; possibly he had it in strain already, and more must have been weakened by mind to also assume that position himself. the events of the year which has passed since the panic A more grotesque, pitiable and school-boy perform than is generally known. Hence failures are easily ance can scarcely be imagined. But enough of t h a t ; produced, more easily than at any epoch for a long we must add, though, that it passes our comprehension period. Now in the face of these facts and this con how any body of men in even the most benighted por dition, assume that the employes in all trades in tions of the country can hereafter follow such a lead Chicago and elsewhere, which was the purpose of ing. What we especially purposed to refer to to-day the leaders, should have gone out on strike, was the lack of wisdom this strike shows. We write not engaging in riot, but simply taking a simply in hope that our words may fall under the continuous holiday; assume, indeed, that the notice of and lead some who are now following blind “ grand spectacle” which Mr. Peffer so glibly and so guides to think and act for themselves not only in the heartlessly described should have been experienced present contingency but in every similar emergency. “ when all the workmen of the country had stopped There is no sentiment which has developed so much work, when all the life of the communities would be at witality in this country of late years as care for the an absolute standstill like the silence of a Sunday wage earner. I t should not be called a sentiment morning, when everything would be paralyzed and in though, for it is an an active force striving to better ert.” Is it not a reasonable suggestion that when the their position within all possible limits. Senator Davis men came back proposing to take up their tools at the only expressed the view of the great body of people of end of that week or four weeks of Sundays that they all classes when he said that “ the Senator from would have found in many cases instead of employment Kansas speaks of the rights of labor; in the ab an assignee's notice to meet them ? stract I am with him. No one denies that there Moreover it becomes the wage-earner to study are before the American people, to be settled through how the strike would have affected him if the charac legislation, great questions as to the rights of labor ter of this movement had become as wide in extent as and capital. Nobody denies that.” No doubt so far the leaders tried to make it. A general abstention as it lay in his power the Senator would do all he could from work could only have resulted in anarchy and to relieve, elevate and increase the profits of labor. starvation. As the wage class is not usually provident, That such an idea governs public opinion is shown by a large portion of the strikers would be the first among the wide sympathy which is always extended to the the number to be in want for the necessaries of life; if striking men whenever the.conditions make it possible. prolonged, the families of the less wealthy employers Should not the fact that the nearly unanimous voice of would soon be no better off. This would follow una *the country on this occasion is adverse to the movement voidably not at all from design. The large majority of 48 THE CHRONICLE. business men—all except the very rich—would lose their incomes and could not help others however much they desired, while even the charitable institutions would be crippled, for all food would be at extreme prices. But it is foolish to continue the description of the suffering which would follow. A general strike is impossible, and can be but the dream of an insane man. The idea of Mr. Debs was no doubt that the fear of the situation threatened would drive the rail roads to a compromise; or it is possible that he looked to anarchy and revolution as the way out. If the lat ter was his hope, he must know extremely little of his own country. If, on the other hand, he ex pected to force a settlement through a fear of what the wage-earner could do towards producing chaos, his judgment was equally at fault. In this case any com promise was out of the question; even if the railroads desired it, the public could not allow it. Employers might as well have a season of enforced idleness now —they might as well begin at once to experience Mr. Peffer’s elysium where a “ Sunday Morning Silence” uninterruptedly reigns, followed if need be by general bankruptcy and starvation, as to continue business with their employes in control, telling them what they should and should not take into their cars and stores, and what contracts they should be permitted to carry out and what not, as to put off the issue by compromise to another day. ____________________ PRO M ISE AN D PERFORMANCE. Not the least remarkable fact in connection with the very remarkable labor troubles with which the country has been afflicted during the last two weeks is how completely the leaders in the American Railway Union, the cause of all the disturbances, have lost sight of the original aims and purposes of the union as declared by themselves. The American Railway Union has had only a very brief existence, and is but little more than a year old, a permanent organization having been ef fected on April 11, 1893. This union was to be on a different basis from that of any previous union of em ployes. Within its fold there were to be embraced all daises of railroad laborers instead of only one or two of the higher classes each by itself, as had been the pre vious practice, and its aims and purposes were likewise to be attained in an entirely different way, and above all by peaceful methods. Railroad managers have experienced a great deal of annoyance and trouble in the past at the hands of their men, acting as organized bodies, and hence the first feeling on the announcement of this new body com prising all classes of employes was undoubtedly one of apprehension lest the new association should undertake to provoke further strife and discord with the roads. But the leaders took pains to quiet any such feelings of uneasiness. They declared that their intentions were entirely pacific, that they were opposed to the methods of the old organizations, which instead of ad vancing the cause of labor had operated to its detri ment, and that their desire was to restore harmony and good will between the men and their employers. They also gave expression to their views in a public statement setting out the plans and purposes of the union. It will be instructive to recall a few of the utterances con tained in this statement, to show the spirit that ap parently dominated the movement at its inception. For instance, what could be more accurate as a matter of fact, or more reassuring as a"declaration of policy, or more promising as an outline for future work than these fYOL. L1X, remarks which we find at the very outset—‘‘Never has there existed that mutual confidence, without which it were misleading to assume that peace, amity and good will prevail. At best, therefore, this relation between employer and employe has been little better than an enforced compliance with conditions rarely satisfactory to either party.” I t would be the object of the new union, the leaders claimed, to correct this situation and bring about a better condition of things. It was also to be the aim to avoid the mistakes of the old orders in other respects. For instance, the organ izers of the new movement had decided views on the powers possessed by the chief officers of labor orders. Here is what they say on that point in the statement al ready referred to: “ The mere dictum of an individual determines whether a strike involving thousands of em ployes and millions of dollars shall or shall not occur. He is in this sense an absolute monarch. * * Such autocratic power vested in a single person is not only dangerous to a degree that defies exaggeration, but is at war with the American idea of government, in which one-man rule has no place.” In view of what has transpired all over the country the last few days it isdifficult to see how the recent actions of the men in control of the union can be reconciled with these u t t e r ances of theirs delivered only a little over a year ago; or are we to assume that arbitrary, autocratic and dic tatorial powers when asserted by them are less objec tionable than when exercised by the heads of other orders ? As the matter stands, no more sweeping con demnation of their own course could be framed than that which is contained in the words above quoted. The idea of strikes and boycotts, and the making of senseless and unreasonable demands, was also to be rel egated to limbo—to be a thing of the past. On this point, as on other points, the leaders declared them selves in no uncertain tones. Speaking of the harass ing of the railroads by the presentation of petty griev ances, they said: “ The subject of grievances and griev ance committees has itself become a grievance th at cries aloud for correction. The petty complaints th at ceaselessly arise among employes and keep them in a state of agitation and unrest have brought odium upon organizations and weakened their power for good in diections where real grievances demand adjustment. The very term f grievance committee 3 has become a reproach and a by-word. * * * For every com plaint that is remedied another takes its place, and thus they multiply until railway officials lose patience and seek refuge in refusal to make further concessions. Such petty grievances as are herein indicated ought not to exist at all, and once correct methods of organi zation are inaugurated will entirely disappear.33 Not less emphatic was their position regarding strikes. “ The history of railroad strikes, as conducted by railroad organizations, is a recital of brave but hope less struggle, of strikers defeated, impoverished, black listed, pursued and driven to the extremity of scab bing or starvation. * * * The policy of present organizations has filled the land with scabs who swarm in the highways and byways awaiting anxiously, eagerly, the opportunity to gratify their revenge by taking positions vacated by strikers. Thoughtful men have no difficulty in accounting for the failure of rail road strikes. Neither are they at a loss to suggest a remedy. Organized upon correct principles, governed by just laws and animated by unselfish purposes, the necessity for strikes and boycotts among railway em ployes will disappear.” The American Railway Union 6806 J uly 14, 1894.] THE CHRONICLE. was to heed the lesson of experience, and the pro tection of members in all matters relating to wages and their rights as employes was to be the principal purpose of the organization. The new order was in express terms “ pledged to conservative m eth ods,w and it was distinctly declared that “ while the rights of members will be sacredly guarded, no intemperate demand or unreasonable proposition will be entertained.” “ Corporations will not be per mitted to treat the organization better than the organ ization will treat them. A high sense of honor must be the animating spirit and even-handed justice the end sought to be attained. Thoroughly organized in every department, with a due regard for the right wherever found, it is confidently believed that all dif ferences may be satisfactorily adjusted, that harmon ious relations may be established and maintained, that the service may be incalculably improved, and that the necessity for strike and lockout, boycott, and black-list, alike disastrous to employer and employe, and a per petual menace to the welfare of the public, will forever disappear.” The leaders of the new movement closed their state ment to the public with the following touching appeal, than which nothing could be higher in aim or loftier and nobler in tone and sentim ent: “ With this declaration of its purposes and with boundless faith in its con quering mission, the American Railway Union conse crates itself to the great cause of industrial emancipa tion. I t comes with a message of greeting and good cheer to all organizations and all men who stand pledged to the sacred work of lightening the burden and lifting up the bowed form of labor. It hails with a glow of satisfaction the signs of the times indicating with un erring certainty the coming of the new and better era when heart, brain and conscience, in holy alliance, shall be the controlling power in human affairs. In this spirit it enters upon its chosen field and will labor with all the zeal, devotion and ability at its command to attain the cherished objects of its high ambition.” I t is thus evident that the birth of the new organiz ation appeared like a very promising event. No doubt very many railroad laborers were induced to join the new union because of its announcement that it was to be conducted on totally different principles from those which had governed other organizations of railroad employes—that the strike, the boycott, and other ob jectionable methods of warfare, were to be discarded, and that only peaceful and harmonious measures were to be employed. I t is likewise reasonable to suppose that these sugared sentences were inserted as a kind of decoy. At all events the union grew in membership and strength. But the character of the organization has entirely changed. The occurrences of the last few weeks bear eloquent testimony to the fact that the power which the union acquired has not been used in the way originally contemplated. All its high aims and purposes have been abandoned, its peaceful inten tions have been thrown to the wind, and war has been declared upon everything and everybody. Never has an organization of railroad men started under such hopeful auspices and never has such an or ganization failed so utterly to live up to its declared purposes. The new organization was to do away with even the necessity for strikes, but it has itself inaugurated the most senseless, the most causeless, the most wanton strike known to history. I t was pledged to “ conserv - 49 ative methods,” but its methods have been desperate and revolutionary. By its own express declaration, “ no intemperate demand or unreasonable proposition ” was to be entertained by it, and yet never was a demand made upon the railroads which was both more intem perate and more unreasonable than the one which led up to the present difficulty. The strike did not arise out of any differences regarding terms of employ ment. There was no disagreement as to wages, no grievances, no complaint of any character. The men were ordered out and left their work simply because a certain car manufacturer had a difficulty with his men and could not be brought to terms, and the railroads refused, at the dictation of the American Railway Union, to take sides with the men against said car manufacturer. This is the sum and substance of the offending of the railroads, and the Railway Union, in its endeavor to accomplish its purpose by bringing outside pressure to bear first upon the car manufac turer and then upon the railroads, undertook to stop railroad operations, to destroy commerce between the States, and its leaders countenanced, if they did not actually aid and abet, riot and violence. The ab surdity and criminality of the movement was cer tain to bring about its quick defeat—just as has hap pened. I t seems to have been forgotten that it was this same Railway Union which inaugurated and carried through the strike on the Great Northern system. The circum stances in that case were different, however, in that there was at least a plausible reason for the strike, the men feeling dissatisfied with their pay, which had been reduced, and with some other things. The Great Northern was finally persuaded to submit the matters in dispute to “ adjudication,” and the result of that ad judication, as announced by the press, was that the strikers gained “ nineteen-twentieths” of the points they had contended for. Our comment at the time was that it would have to be left to future develop ments to determine whether the settlement was a wise one. I t might be positively just (we have no means of judging whether it was or not), yet the danger was that in the present temper of the laboring classes it would have the effect of leading them to think that any demand they might make, whether just or un just, would have to be granted, thus removing all restraint upon hasty and ill-advised action. This is what has happened, and the connection between the Great Northern strike and the more recent strike is apparently very close. The Northern strike was settled in the early part of May. The in sane demand upon the part of the Railway Union that the railroads discontinue the use of Pullman cars came the la tter part of June. I t deserves to be noted that the Northern strike was marked by the same scenes of violence and disorder (though of course on a smaller scale) as the more recent troubles, bridges being burned, cars overturned, tracks obstructed, &c., thus indicating similar methods of warfare. The quotations we have given above serve one other useful purpose besides showing that the acts of the leaders of the Railway Union have been utterly at vari ance with their professions. These quotations, and in fact the whole tenor of the statement of the union promulgated at the time of its formation, establish incontrovertibly the fact that the men at the head of the order have not acted in ignorance or without a full u n derstanding of the character of the work they had un dertaken. These men, as the utterances referred to 50 n THE CHRONICLE. prove, possess thorough acquaintance with the history of past strikes, and are on record as testifying to their impotence and general failure as agencies for promoting the welfare of the employes. I t follows that they must be held fully accountable for their acts. They can not escape on the plea that they were trying an experiment intended to benefit the laboring classes and had no idea of the harm that might flow therefrom. By the public they have already been adjudged morally guilty for the liyes that haye been sacrificed, for the property that has been destroyed, for the damage that has been inflicted upon all business interests, and for the suffering and privation which has been entailed upon the laboring classes, especially the poor unfortunate employes who because of their obedience to the mandate of the union find themselves deprived of their positions. These leaders have row also to face an indictment by the Federal grand jury. If it can be shown that they have been legally as well as morally guilty, then they should be made to suffer the full consequences of their acts. S I X M ONTHS’ L IS T IN G S ON TH E N E W Y O R K STOCK EXC H ANG E. As shown by our table given below the total listings on the New York Stock Exchange for the first half of this year has been smaller than in any corresponding six months since 1885. Including both stocks and bonds the additions to the list from January first to Ju ly first amount to only $183,766,540, and but $62,625,000 of this sum is represented by new issues. During the first half of 1893 the total listings were $286,705,900, of which $141,271,600 were new issues, and during the last six months of 1893 the total listings were $200,342,761, including new issues to the amount of $91,744,561. These figures show such a remarkable falling-off this year that it may be interesting to present them in the following tabular form. We include also in the table the figures showing the list ings of securities issued to replace old securities, ' ‘ refunding issues," as we shall have occasion later to refer to the amounts under this classification. LISTINGS FROM JANUARY 1ST TO JUN E 30T H , 1 8 9 4 . Total Listings. B onds...................................$120,280,500 S to c k s................................. 63,486,040 Total stocks and bonds $ 1 8 3 ,7 6 6 ,5 4 0 New Issues. R efu n d . Issues. $55,475,000 $61,092,500 7,150,000 56,336,040 $ 6 2 ,6 2 5 ,0 0 0 $ 1 2 0 , 4 2 8 ,5 4 0 LISTINGS PROM JU L Y 1ST TO DECEMBER 30TH , 1 8 9 3 . Total L istings. B on d s....................................$132,397,400 S to c k s .................... 67,945,361 Total stocks and bonds $ 2 0 0 ,3 4 2 ,7 6 1 New Issues. R efu n d . Issues. $54,566,500 $77,830,900 37,178,061 $30,767,300 $ 9 1 ,7 4 4 ,5 6 1 $ 1 0 8 ,5 9 8 ,2 0 0 LISTINGS FROM JANUARY 1ST TO JU N E 30T H , 1 8 9 3 . Total L istings. B on d s...................................$156,406,000 S to c k s ................ . ............... 130,299,900 Total stocks and bonds $286,705,900 New Issues. R efu n d . Issues. $84,705,500 $29,522,500 56,566,100 24,859,800 $141,271,600 $54,382,300 I t will be noticed that the listings since January 1st of newly-issued stocks amount to only 7 million dol lars, while the figures under the same heading for the first half of last year are about 56£ million, and for the last half a little over 37 million. The new bond issues, it is true, show a slight increase on the listings during the last six months of 1893, but, as will be seen by the subjoined table, they are less than in any corresponding six months since 1886. The following table shows the total listings on the New York Stock Exchange of both stocks and bonds during the first six months of each of th e last ten years. The classification is in accordance w ith principles explained in former articles. [Vol. L1X SIX MONTHS’ LISTINGS ON NEW YORK STOCK EXCHANGE. Old issues Replacing new ly listed. old securities. B on d s. New issues. 1894 (6 m os.).. $55,475,000 1893, do . . . . 84,705,500 42,178,000 29,522,500 156,406,000' .... 113,896,100 8,956,000 40,041,900 162,894,000 1391, do . . . . 134,974,700 16,187,000 61,747,000 21 2 ,9 0 8 ,7 0 0 270,810,250 3 6 8 ,5 1 6 ,5 0 0 1892, do Total. $713,COO $64,092,500 $ 1 2 0 ,2 8 0 ,5 0 0 1890, do . . . . 94,735,250 2,971,000 1889, do . . . . 127,627,000 4,361,000 108,856,000 240 ,8 4 4 ,0 0 0 1888, do . . . . 152,159,422 4,192,000 147,474,078 3 0 3 ,8 2 5 ,5 0 0 1887, do . . . . 94,094,000 9,550,000 53,236,000 1 5 6 ,8 8 0 ,0 0 0 1886, do . . . . 37,625,000 27,802,390 13,725,300 79,152,690 1885, do 43,786,000 9,250,000 6,567,000 5 9 ,6 0 3 ,0 0 0 .... S to c k s . 1894 (6 m os.).. $7,150,000 1893, do . . . . 56,566,100 $48,374,000 24,859,800 13 0 ,2 9 9 ,9 0 0 1892, do . . . . 25,460,100 25,125,250 58,470,055 109,055,405- 1891, do . . . . 58,594,441 1890, do . . . . 70,641,550 10,390,747 161,163,846 $56,336,040 $ 6 3 ,4 8 6 ,0 4 0 52,529,200 141,123,641 242,196,143; 1889, do . . . . 38,893,800 2,820,000 127,057,374 168,771,174 1888, do . . . . 34,904,332 2,874,275 80,566,968 118,345,575« 1887, do . . . . 47,446,391 30,143,426 74,808,333 152,398,150- 1886, do . . . . 17,548,350 22,251,300 88,726,200 1 2 8 ,5 2 5 ,8 5 0 1885, do . . . j 9,695,266) 2.700,000 35,430,000' 4 7 ,8 2 5 ,2 6 0 N o t e —Applications for the listing of Trust Company receipts and o f securities marked “assented” (if preparatory to reorganization), or o f securities stamped “assumed” or “assessm ent paid”—the securities' them selves having previously been listed—are notinoluded in this table. I t is not surprising that the new issues of stocks and bonds which make up the foregoing totals for thisyear should be so insignificant in amount, as it is a wellknown fact that the new construction undertaken sincethe panic of 1893, either by railroad or industrial com panies, has been far less than in any equal period of time for many years. According to figures recently published by the Railroad Gazette, there have been but 495 miles of new track laid in this country since th o first of January. This total is 530 miles below the new mileage built in the first half of 1893, over 705 miles; less than in the corresponding period of 1892 and only one-third of the track built in the first half of 1891. Eorthe entire twelve months of 1893 the estimated railroad construction was 2,600; in 1892 it was 4,648; in 1891 it was 4,620; in 1890 it was 5,657; in 1889 5,696; in 18887,028 and in 1887 it was 12,983. The Sixth Statistical Report of the Inter-State Commerce Commission, an abstract of which has been recently received, gives the total increase of railway mileage in the United States for the fiscal year ending June 30, 1893, as 4,897*55.. A thought of some importance which accompanies thisreference to new construction is that much of the new capital represented by recent issues of securities has n o t been used for extensions but for the improvement off tracks already in existence, for turn-outs and side tracks, and also for the enlargement and betterment off terminals and equipment. A considerable amount of: such work has been done lately from the standpoint of pure economy. To keep expenses at a minimum it is, necessary that the facilities and accommodations should be such as to enable a road to do the greatest possible^ amount of work on every mile of its track. Obviously this end is promoted by all the improvements referred, to above. I t might reasonably have been expected from the fact that so many roads and industrial concerns wereforced into insolvency by the panic of 1893 that tho listings since the first of the year of securities issued to replace old securities would have been large in amount. The first of the tables given above, however,. J u l y 14, 1894.] THE CHRONICLE. show that the total listings under this head of both stocks and bonds was only $117,428,540, against $108,598,200 during the last half of 1893 and $54,382,300 in the first six months of the same year The largest half-year's listings of refunding issues were reported in 1890 when the total reached $431,974,096 Eeorganizations would no doubt have been a more important feature since January 1st if the recovery from our industrial depression had been more speedy As it is, many plans for rehabilitation which were agreed upon months ago have been deferred because of the unfavorable industrial and financial conditions which have prevailed. We give in following table listings of railroad bonds with a brief statement of the purpose of each issue. LISTINGS OF RAILROAD BONDS. 51 pany and to furnish working capital for the extension of its business. The balance of the issue, $8,600,000,. is owned by the Lehigh Valley BE. Co., which also owns all the capital stock of the Coal Company. The ChicagoMilwaukee & St. Paul listed in June $3,000,000 more of its general mortgage 4s, the proceeds being used fo r improvements. The amount of this issue is $19,130,000, of which $17,806,000 is now listed, and the remaining$1,324,000 is held in the treasury of the company. There have been but few large listings of railroad stocks, the most important in amount being the $16,900,000 of preferred issued by the Baltimore & Ohio Southwestern in exchange for Ohio & Mississippi secu rities. This preferred stock may be added J o the list from time to time up to $20,000,000. Hew cumulative four per cent preferred stock of the Florida Central & Peninsular Eailroad to the amount of $4,500,000 is alsoamong the new listings. The issue was made in ex change for an equal amount of an old issue of noncumulative five per cent second preferred stock. Hew common and new preferred stock of the Hew York Sus quehanna & Western aggregating nearly 6 millions was another important addition to the Stock List. The above, and all the other newly-listed railroad stocks, are included in the following statement. Com pany a n d title o f loan. A m o u n t. Purpose o f Issue. Halt. & Ohio Southwestern— 1 st consol. 41* 8. . ................... $9 ,0 8 0 ,0 0 0 I T . . . 1 st incom e A 5 s .. .. 8 343 0C 0SIn exchange for Ohio & 1 st incom e B 5 s .........8,869^000$ M ississippi securities, Balt. Belt. 1st 5 s ......................... 6,000,000.Cost of road. Buffalo & Susq. 1st mort. 5 s......... 9 0 0 ,0 0 0 .Cost of road. Ches. & Ohio 1 st consol, 5 s ......... 5 4 ,0 0 0 .Refunding. Chicago B. & Q. consoL 7 s . . . . . . . 1 ,500,000.Construct’n and equip’t. Chicago M. & St. P. gen. m. 4 s ... 3 ,000,000.Im provem ents. Chicago & N. Pao. 1st m. 5 s........ 175,000-Im prov., etc. (formerly held as coll, for loan.) Chicago R. I. & Pac, dehen. 5 s .. 1,500,000.Im provem ents. Chicago & W est Ind. gen. m. 6 s. 240,000-E xten. and im provem ’ts, Cin. Sandusky & Cleveland— LISTINGS OF RAILROAD STOCKS. 9 4 ,0 0 0 .Refunding. 1st consol. 5 s ................... . Com pany a n d Class o f Stock— A m ount. Purpose o f Issue. Clev. Cin. Chicago & St. L — Ba'L & O. 8. W. preferred...........$16,900,000.For O. & Miss, securities. Ches. & Ohio com mon.......... 1 0 .0 0 0 . 1n exch. for preferred. Cairo Div. 1st M. 4 s ................... 113.000.B onds of 1889 ju st listed. Chicago & Alton com mon,.. 2.5 0 0 .0 0 0 . Redeem ing St. L. J. <fc St. Louis Div. coll. tr. 4s 3 4 1 7 000 i purchase St. L. Chic. 1st M. bonds. * < A. & T. H. m ain line. Chic. Gt. W estern 4 p. c. deb___ 1 9 ,5 0 0 .In exch. for C. St. P. & K . General mort. 4 s ........................ 2,000,000. Construction and equip’t. C. securities. Do do pref. A ........... 23 ,4 0 0 .In exch. for C. St. P. & K.. 307,000.Im prov’s and additions. Clev. & Pitts, gen. M. 4 ^ 8 ........... C. securities. E vans. & T. H. 1st gen. M. 5 s ... 2 2 6 ,0 0 0 .Equip., term inals, &c. Chic. M. & St. P. p referred ......... 50.000. Conversion of other com P la. Cen. & Pen. 1st cons. M. 5s. 6 9 8 ,0 0 0 .Savannah extension, etc. panies’ securities. Florida Cent. & Pen. cum pref.. 4 .500.000. 1n exch. for old pref. Grand Rapids & I n d .. . . . . . . 1 7 5,000.Refunding. Y. N. H . & Hartford com ....... 1 9 1 ,7 0 0 .Conversion of other com— Lehigh Val. Coal Co. 1st M. 5 s .. 1,5 0 0 ,0 0 0 .Cost of property, etc. . „ „ „ """ panies’ securities. i>0 do 1,900,000. Im prov., extensions, etc. . Y. Susq. & W. n ew com ........... 2 ,400,000.Cost of Wilkesb. & East.. Do do new com . . . . . . 9 7 8 ,9 0 0 .In exch. for old common. Louis. & Nash Unified 4 s . . . . . . . . 1 7 8 ,0 0 0 .Im provem ents. Do do new pref............ 2 ,548,600.In exch. for oid pref. Missouri K. &T. of Tex. IstM . 5s 2,635,000.E xten sion s. orfolk & W estern preferred 2,000,000. For Col. & Con. Ter. stock. M ontana Central IstM . 5 s ......... 7 0 0 ,0 0 0 .Im prov’ts, additions, etc- Phi La. & Reading com mon........... 1 ,0 78,000.Conv. of pref. bonds, etc.. Rome W. & Ogdensb. common . 500,000. Improvements), etc. N. Orleans & N. E. prior lien 6 s. 1 0 0 ,0 0 0 .Im provem ent and equip. H.Y. B’klyn & Man. B. ls tc o n .5 s . 245,000. Im provem ents. Total of RR. stocks (6 months) $33,700,100 Y. Central & H. R. deb. c t f s .. 1 0 ,0 0 0 .Im provem ents. The total listings of industrial and miscellaneous U tica & B lack R. guar. 4 s ........ 5 0 0 ,0 0 0 .Refunding. N. Y. & Putnam 1st consol. 4 s .. 4 ,000,000.Reorg. exch.for old secur. stocks, including $500,000 of bank stock, amounted to N. Y. Susq. & W. term inal 1st 5s 5 6 0 ,0 0 0 .N ew construction. only $29,785,940, as is shown by the table subjoined. Ohio Southern 1st 6s. — . . . . . . . . . 187,000.E xten . and im provem ’ts' LISTINGS OF INDUSTRIAL, ETC., STOCKS. Pittsburg McK. & Y. 1st 6 s . . . . . 6 0 0 ,0 0 0 .Old issues. C om pany— A m ount. Purpose. St. Paul M. & M. consol. 41* 9. . . . 1 7 8 ,0 0 0 .Construction of branch. Edison Elec. Ilium. (N. Y.) com. $5 0 0 ,0 0 0 .New construction. San Ant. & Aran. P. 4s of 1943 2 ,0 49,000.Refunding, im p’ts, etc. Tennessee Coal & Iron Co. com . 10,900.In exch. for oth. secur’s. So. Pacific of Cal. 1st consol. 5 s. 12,600,000. Acquiring new roads and United States Cordage, common 1 5 ,6 2 0 ,1 0 0 .) In exchange for old Guaranteed, 6 per c e n t......... . . 6,000,000. > National Cordage serefunding. Preferred................... . ................. 5 ,4 0 4 ,9 4 0 .) curities. Tol. & O. Cen —West. div. 1 st5 s.. 3 8 8 ,0 0 0 .Term. prop, and equip’t Wells, Fargo & Co., c o m m o n .... 1 ,750,000.For Southern Pacific ex c ... „ ., . press privileges. *Cn* N. J. RR. & Canal Gen.M. 4s. 5 ,6 46,000.Refunding. Southern National Bank, co m ... 5 0 0 ,0 0 0 .New stock ; capital re Wabash 1st M. 5 s ......................... 1,001,000. Refunding. duced from $1,0 0 0 ,0 0 0 . W heeling & Lake Erie — Total industrial & bank st’k s ..$29,785,940 E xten. & imp. 5 .............. ............ 4 3 ,000.In exch. for Tol. Belt. The amount of industrial bonds listed during the Iasi six months has been only $15,697,000, as follows : Among the railroad bonds belonging to the ex LISTINGS OF INDUSTRIALS, ETC., BONDS. ceptionally small class of those issued for the con Company— A m ount. Purpose. Edison Elec. 111. Co. of N. Y.— struction of new road we may mention the Missouri :lstM .7 t« ........................................ $ 750,000.New construction. Illinois Steel Co. deb. 5 s.............. 7,000,000. Additions im prov., e te . Kansas & Texas in Texas first mortgage 5s for $2,635,- Nat. Linseed Oil deb. 6s............... 1 ,4 00,000.Floating debt. People’s Gas-L. 1st consol. 6 s ... 4 5 0 ,0 0 0 .New construction, etc. 000. The bonds are guaranteed by the Missouri Kansas U. S. Cordage 1st M. coll. tr. 6 s.. 6,076,000. In exch. for Nat. Cord» West. Union coll, tru st 5s............ 2 1 ,0 0 0 .Refunding. & Texas, and they were issued against 132 miles of road Total (6 m os.)............................... $15,697,000 which constitutes part of the main line to Houston and Street railway bonds to the amount of $14,340,000 toward San Antonio.. The Chicago Burlington & have been admitted to the list. They are of the fol Quincy consolidated 7s for $1,500,000 sold in April lowing description : were reported to be for the extension from Sheridan, LISTINGS OF STREET RAILWAY BONDS. Wyo., to Billings, Mont., 120 miles. This line is now C om pany— A m ount. Purpose. Atlantic Ave. B ’klyn) im prov.5s. $ 1 ,500,000.Improvem ents. in process of construction and is expected to be fin Broadway & 7th Ave. (N. Y.) 1st 5 s . . . ................................. 7,650,000.Laying Broadway cable? ished by next December. Of the $12,600,000 Southern consoL ,, . . . and imp ovem ehts. City 1st M. 5 s ... ........... 4,140,000.For “trolleying ’its lines* Pacific of California 1st consolidated 5s listed, $3,569,- Brooklyn City & Sub. (of Balt.) 1st M. 5^.. 1,050,000. Additions and improv. 000 were for new road and $9,531,000 in exchange for Total streetry. bonds (6 m os.).$14,340,000 the underlying bonds provided for in the mortgage. Of State and city securities there have been but two The Lehigh Valley Coal Company first mort listings. Both issues were made to replace old securi gage 53 for $3,400,000 listed since the beginning ties. They are $4,140,000 of Hew Orleans constitu of the year are part of an issue of $12,000,000 tional 4s and $4,392,500 of 4£ per cent 20-40 year t® pay for the properties of the Coal Com-' South Carolina bonds. Tot. listings of R R .bonds(6m os).$31,711,000 « 52 THE CHRONICLE. [VOL. LIX, ordered back again until the 18th of June, and even R A IL R O A D GROSS E A R N IN G S FOR JU N E then many of them did not at once obey the order, A N D TH E H A L F -Y E A R . feeling dissatisfied with the settlement effected. In the Our statement of railroad gross earnings this time Clearfield and Beech Creek regions, for instance, both reveals very striking results. With the figures for very important producers, the men were still out at June we have the half-year complete, and if ever there the close of June, and in fact have not yet returned to was a previous period of six months in the entire his work. So the strike may be said to have been in tory of United States railroads when there was such progress to its full extent for two months, and partly a remarkable combination of adverse factors, conditions after that. As a disturbing element in industrial affairs this and influences, and when the losses in earnings reached such tremendous magnitude, singly and collectively, coal strike excelled any previous labor trouble which the country ever experienced. We went at length into then we are not cognizant of the fact. Following the panic of last year industrial inter the matter in our review of the earnings for May, and ests have been greatly depressed. Some depression will only say here that as a result of the strike the it would have been difficult to avoid in any roads were deprived of their customary tonnage in coal event. As it happened, the depression was greatly —this being a very important item of freight with intensified by a number of very remarkable events. nearly all roads ; that inability to get fuel necessitated The proposed tariff changes under disoussion at the closing up of many industrial establishments, cut Washington were a disturbing agency through the ting off these classes of freight too and throwing many whole six months, and had the effect of check men out of employment; that the roads found diffi ing both the domestic and the foreign trade. Im culty in securing coal for their own use, so that train ports of foreign merchandise fell off to very small pro service had to be curtailed, in one instance notice portions. Foreign goods of course after being received being given that for the time being traffic would have at the seaboard are distributed by the railroads over to be restricted ; and finally with the large numbers of the country. Hence with the contraction in the im men idle, directly and indirectly, the consuming and ports, the volume of merchandise traffic of the roads was purchasing capacity of the population was very greatly reduced and general business depression likewise opera restricted. The effect of the strike upon the iron and ted to reduce said merchandise traffic. This traffic is, most steel trades can be gauged by the record of the iron of it, of a class which takes high rates and hence the furnaces in blast, as kept by the “ Iron Age.” On the 1st falling off was in some of the best paying kinds of of April the number of active furnaces was reported at freight. I t is not necessary to determine how far the 144, with a weekly capacity of 126,732 tons; on the 1st loss in imports was directly due to business depression of June the number was reported only 88, with a and how far to the proposed tariff changes, but the weekly capacity of but 62,517 tons—a reduction of extent of the loss is a matter of importance. So we over one half. To the roads running through the may note that according to the report of the Bureau of great iron and coal districts the loss of traffic in these Statistics the aggregate value of the imports at all ways was enormous. I t is to be noted, too, that the ports for the five months to May 81 was only $284,100,- roads in the coal districts suffered more severely than 000 in 1894 against $387,503,000 in the corresponding others during the whole six months from the general period of 1893, a decrease of $103,403,000. As a result prostration of our industries, since of course under the of this diminution in imports the Customs revenues of depression prevailing the demand for coal was greatly re the Government were very greatly curtailed, and the duced, so that the shipments over the railroads had cash balance in the Treasury dropped to very low very heavily fallen off even before the strike came. We figures; and anxiety regarding the Treasury condition get an idea of the combined effects of the strike and of acted as a further check upon business activity. The business depression from the decrease in the shipments Government early in the year issued 50 millions of over the Pennsylvania Railroad, the largest coal carrier bonds to re-enforce its balance and restore the 100 in the country. According to a statement in the Phil million gold reserve, but in the later months the adelphia Ledger of July 9, the total tonnage of coal resumption of gold exports upon a large scale created and coke over that system in the six months to June 30 the present year was only 6,582/730 tons, against a new feeling of apprehension in certain quarters. Fully as disturbing as any of these have been the 10,310,336 tons in the corresponding six months of labor troubles, which have been of unusual extent and 1893, showing a decrease of 3,727,606 tons, or about 37 of unusual magnitude. In times of business stagna per cent. What made the coal strike additionally dis tion, when it becomes necessary to lower wages, labor turbing was that the strikers were very riotous nearly disputes are always quite common. We need not refer everywhere, necessitating the calling out of the State to the numerous small difficulties which developed militia to preserve the peace in many of the States— between employers and employed in various trades and Pennsylvania, Ohio, Colorado, Illinois, Indiana, Iowa, industries. Several great movements only require Maryland, Alabama and West Virginia. Another serious labor disturbance during the six mention here, these having been of general effect and months was the strike of the employes of the Great importance. First and foremost stands the strike of Northern Railroad. This prevailed during the last the bituminous coal miners. This extended to practi cally every State where bituminous coal-mining is carried half of April, and for a period of two weeks the opera on, and as bituminous coal is found in nearly all parts tion of the system was almost completely stopped. of the country, that means that very few sections The strikers in this case also were riotous and violent, escaped the effects of the strike. The mines on the and after destroying more or less property and inflicting line of the Norfolk & Western, where colored laborers great losses upon the company, the matters at issue are employed, formed a conspicuous exception. None were finally settled by a so-called adjudication by busi of the anthracite mines were involved. The strike ness men. During April and May too we had the began on the 21st of April, and it is estimated that Coxey troubles. These were of little consequence in fully 150,000 miners stopped work. The men were not Uhe Fast, but in the West, and especially in J uly 14, 1894.] THE CHRONICLE. 53> the sparsely-settled districts of the Far West, which greatly reduced the demand for coal for domestic the Coxey tramp armies did considerable mis and family use; and of course business depres chief. They stole engines and even trains, blocked sion also acted adversely to these coal carriers the tracks, and in special cases prevented the move the same as to the others. Up to the end of April ment of passengers and freight, making it neces the shipments of anthracite in 1894 were only sary for the United States troops to intervene at some 10,245,675 tons, against 13,200,139 tons in 1893, a de points. After the arrest and conviction of Coxey him crease of 2,954,464 tons. In May a little of this loss self, in May, in Washington, for violating the law, the was recovered, the strike at the bituminous mines movement fizzled out. Finally towards the latter part operating to the advantage of the anthracite carriers, of June we had that greatest of all disturbances—the the shipments for that month being 3,793,303 tons in general strike of railway employes inaugurated by the 1894, against 3,707,081 tons in 1893, and in June a American Railway Union. We say the greatest of all very noteworthy gain occurred, though we have not the disturbances, though in one sense it was not so yet the figures for that month. important as the coal strike, having been much less A further decidedly unfavorable feature was the low prolonged and less extended and less wide-spread in price of wheat. In May the quotation dropped to be its action. But it tied up for the time being about low 60 cents a bushel in both New York and Chicago. every road running into Chicago, stopped commerce Such prices leave the farmer in very poor condition, between Illinois and the rest of the country, and and diminish the purchasing capacity of the entire West because of the lawless action of the strikers and ern agricultural sections. Besides this, the last wheat the riots to which this led, threatened the very crop was short, and the other cereal crops were only a foundations of society. The strike began on June fair average, so that the grain movement fell off. At the 28th, but reached its most serious phase the present Western primary markets the receipts for the half-year month, so that while it counted as an adverse feature in 1894 were only 43,450,984 bushels, against 73,641,128 in June, its worst effects will show in the returns for bushels for the half-year in 1893, and the receipts of July. The chief centre of disturbance was in Chicago, all kinds of grain, including wheat, were 177,687,194 but the whole of the territory from that point west and bushels, against 203,426,082 bushels; the receipts of southwest to the PacificOoast was to some extent involved, flour were slightly larger in 1894, being 6,389,507 bbls., and also much of the territory in the Middle Western against 5,557,260 bbls. At the seabord the receipts of States and even parts of the South. In California rail wheat were only 14,605,864 bushels, against 35,841,766 road communication with the East was barred for bushels, and the receipts of all kinds of grain, includ quite a longtime (one overland train which left Chicago ing wheat, 65,958,766 bushels, against 86,599,043 bush on June 27 and another which left June 29 not reach els; the receipts of flour were 10,072,130 bbls., against ing Los Angeles till July 12), and the United States 8,952,271 bbls. Government, besides sending troops to Chicago and Under these various adverse influences, the state some other points, found it necessary to employ the ments of earnings grew worse during each and every army to open up both the Northern Pacific and the month of the half-year. In January our statement Union Pacific. showed a loss of 12‘25 per cent from the total for last Floods likewise interfered seriously with the rail year ; in February the ratio of loss increased to 12*54 roads during the six months and did great damage to per cent, in March to 13*05 per cent, in April to 14*86 railroad property and interrupted railroad operations per cent, in May to 17*55 per cent and in June the in certain sections for longer or shorter periods of falling off was heaviest of all, reaching 21*48 per cent. time. In Pennsylvania the Pennsylvania Railroad In amount the loss was $4,819,853 in January, $9,056,sustained heavy losses in this way, the overflows having 927 in June. Here is a summary of the monthly re been, according to the reports, second iu their disas sults prepared from our monthly statements. trous effects only to the great floods in the Conemaugh Mileage. Earnings. Changes. P .C . Period. Valley iu 1889, which led to the dreadful catastrophe 1893. 1894. 1894. 1893. at Johnstown. But there were also extensive floods in Miles. Miles. $ $ $ the same month in Colorado ; and on the North Paci J a n u a ry (123 roads) 90,951 93,893 34,528,140 39,347,999 —4,819,853 12*25 93,638 32,454,502 37,108,705 t-4,054,203 12-54 Febr’ary (123 roads) 95,945 fic Coast—in Washington, Oregon, British Columbia, March. (129 roads) .. 98,640 90,105 39,141,981 45,019,395 —5,877,414 13-05 April (125 roads). ... 98,046 95,447 34,871,1*0 40,955,889 —0,084,703 14-86 Montana, &c.—the floods were unprecedented in extent, May 18,953 90,531 30,561,050 44,343,051 —7,782,001 17-65 (129 roads). . . . . railroad communication being in some cases inter Ju n e (123 roads) ... 95,404 94,292 33,099,804 42,150,791 —9,050,927 21-48 rupted for a couple of weeks, and the Northern Pacific, For the six months taken together our table (cover the Union Pacific and the Great Northern having all ing substantially the same roads as those on which the suffered heavy losses. These latter floods occurred foregoing summaries are based) shows a loss in the large towards the close of May and the effects were felt all sum of $41,616,077—15*85 per cent. But this com through June. prises only the roads which make early preliminary Besides all this, railroad rates were in a very unsatis returns, the aggregate mileage embraced being factory condition. In the West the situation became 98,213 miles—a large total, but far from comprising so bad that the railroad presidents found themselves the entire railroad mileage of the country. Quite a obliged in May to enter into a new agreement, taking number of other roads make regular monthly reports the power of making rates entirely out of the hands of but only when the results are actually audited, so that the traffic managers. In the South there was trouble for these roads we have as yet only the figures for the among the roads in the Southern Steamship Association five months to May 31. In view of the and very low rates were made, which continued until importance of knowing approximately the ex the end of the half-year and beyond. I t should be tent of the falling off in earnings of United stated, furthermore, that while the bituminous coal States railroads in the half-year we have roads suffered because of the business depression »brought these roads for the five mouths together in a and the coal strike, the anthracite coal roads had their j separate table at the end of this article. We thus find traffic and earnings reduced by the mild winter weather, that there are 76 of such roads, that their mileage is 54 THE CHRONICLE. ¿■50,559 miles, and that in the five months they sus tained a loss in earnings of $32,890,576. Adding this to the $41,616,077 loss on the roads which have re ported for the full half-year, and we have an aggregate loss of no less than $74,506,653 or 16’52 per cent, as follows : Miles of Road End of Period. Gross Earnings. [VOL. LIX. and the third the Florida Central & Peninsular, which is operating a larger mileage. Including these four, there are only 17 roads altogether which have any increase at all, large or small, out of the 124 reporting for the six months, and only 12 roads out of the 76 reporting for the five months. PRINCIPAL CHANGES IN GROSS EARNINGS FO R 6 MONTHS. Increases. $397,301 Balt. & O. Som hw ’n f 8* $396,658 232,471 Chicago Gt. Western. 396,461 109,363 Texas & P acific......... 356,048 $ $ $ 103,220 Gr.Rap. & In d , (4 r’ds) 353,742 i . 2 4 ro a d s 6 m o n t h s . . . . 220,840,659 ,262,456,736 41,616,077 98,213 97,101 Kan. C. F t.8. <fe Mem. 338,055 7 6 ro a d s 5 m o n th s .... 155,758,264 188.648,840 32,890,576 Total (representing 50,559 50,045 Chicago & Gd. Trunk 322,239 4 roads)................ $842,355 Louisv. N. A. & Chio. 308,850 G ra n d t o t. ( 2 0 0 r ’ds). 376,598,923 451,105,576 74,506,653 148,772 147,146 D ecrea ses, Lake Erie & Western 302,476 Atcli.T.&S. Fe. (2 rds.) $5,169,811 Toledo & Ohio C ent.. 300,438 Northern P acific....... 3,475.470 Rich.& Danv.(4 r’d s). 278,880 Y.Cent.& Hud. R.f. 2,869,958 Flint & Pere M arq.. . 277,754 th e falling off which has occurred in the gross receipts If. Chic. Mil. & St. Paul. 2,532,069 Tol. St. L. & K. City. 228,109 Lake Shore & M. So.. 2,434,339 Dul. So. Sh. & A tl__ 288,154 K)f our railroads. The mileage covered ris very large— Missouri Pacific........ 2,066,801 W heeling & L. E r ie .. 216,899 North’n (3 r’d s).. 1,724,180 Nash. Chat. & St. L .. 205,817 148,772 miles—though a few thousand miles of this Gt. Louisville & N ash v.. 1,513,757 Chic. & West M ich ... 202,832 C. and Can. So. 1,381,000 St. Paul & D u lu th ... 202,699 covers Mexican and Canadian roads ; but the entire Mich. Canadian Pacific....... 1,322,911 Louisv. Ev. & St. L .. 188,553 & Rio Grande. 1,266,745 St. Louis Alt. & T. H. 163,953 mileage of the country is roughly 178,000 miles. More Denv. Wabasb........................ 1,196,804 St. Jos. & Gd. Island. 140,517 Grand Trunk.............. 976,695 Rio Grande Western. over, as we see, for 50,559 of the 178,000 miles] repre Chio. Rock 154,196 Ial.& Pac. 961,747 Rio Grande South’n . 138,638 & O hio.. 864,336 Chic. Peo. & St. L ___ sented the loss for June is not included, not yet having Chesapeake 128,728 Clev. Cin. Ch. &St. L. 768,479 Burl. C. R. & Nor . . . . 121,648 Chic. & E ast Illin ois. 645,069 Memphis & Cha’ston . been^ reported. This loss we know to have been large. Inter. 119,212 & Gt. N o rth ... 581,269 M exican N a tio n a l... 107,541 Bearing that in mind and that the New England roads, Buff. Roch. & P itts.. 580,766 Louisv. St. L. & T ex. 100,773 Mo. K ansas & Texas. 493,033 which are also understood to have sustained heavy de West. N. Y. & Penn.. 482,082 Total (representing St. Louis Southwest’n 464,429 59 roads).............. $40,511,003 creases, are practically unrepresented in our tables, and E. Tenn. Va. & G a ... 399,383 1894. 1893. Decrease. 1894. 1893. further that some large roads which must have had heavy losses, like the Lackawanna, the Lehigh Valley, &c., are likewise missing from the results, the conclusion seems wholly warranted that if we could have returns from all the roads in the country, the ag gregate falling off in gross receipts for the half-year would foot up close to 100 million dollars, if it did not go above that figure. # The moment the extent of this falling off is men tioned it becomes evident that it has been itself the most important factor in the depression in trade and industry which has marked the course of the six months. With 100 million dollars less earnings the . roads had 100 million dollars less to pay out—to spend; •and that means tens of thousands of men thrown out c f employment in the railroad industry ]apd other tens of thousands in other industries; and it means dimin ished pay and smaller time for those still retaining employment. It also means diminished returns (or no return at all) to large numbers of stock and bond holders. We need hardly say that the losses by the separate roads and systems are in proportion to the aggregate loss that is, exceedingly large. The Pennsylvania has a decrease of almost 9£ million dollars for the five months to May 31—$6,017,059 of this coming from the Eastern lines and $3,457,812 from the Western lines. The Atchison for the half-year has $5,169,811 decrease, the Northern Pacific $3,475,470 decrease, the New York Central $2,869,958 decrease, the St. Paul $2,532,€69 decrease, the Lake Shore $2,434,339 decrease, the Missouri Pacific $2,066,801 decrease, the Great Northern $1,724,180, the Louisville & Nashville $1,513,757, <&c., &c. The Union Pacific has not yet reported for May, but for the four months to April 30 lost $3,142,‘632. For the five months to May 31 the Reading, with the Coal & Iron Co., has a loss of $3,125,792, the Bur lington & Quincy a loss of $2,886,638, the Baltimore & ’Ohio a loss of $2,258,816, the Southern Pacific a loss of $1,841,659, the Northwest a loss of $1,633,932, &c. T h e following furnishes a full list of all the changes 'above $100,000. I t will be observed that there are no in creases at all of that amount among the roads reporting fo r the five months and only four among those reporting fo r the six months, two of these being Mexican roads, Fla. Cent. & P en in ... Mexican Central........ Interoceanio (Mex.)„ Kan. C. P. & G ulf___ t E stim ate based on quarterly returns. PRINCIPAL CHANGES IN GROSS EARNINGS FO R 5 MONTHS. Decreases. tla/.V A O RAH Penn. (E.& W .P.& E.)f $9,474,871 Cin. N.O.& T.P.(5 r*ds) * $613,608 Union Pac. (11 rds.)*. 3,142,632 Col. Hock. Val. & Tol. 414,110 Phil.& R.and Coal & I. 3,125,792 Fitchburg....................... 380,646 Chic. Burl. & Quincy.. 2,886,638 Chic. Burl. & North’n . 344,094 N. Y. L. E. & W est....... 2,621,039 Chicago & E rie............. 302,943 Balt. & Ohio (2 r’d s).. 2,258,816 A llegheny V alley........ 288,364 South’n Pacific (6 r’ds) 1,841,659 Chic. St. P. M. & O m .. 278,994 Chic. & Northwestern. 1,633,932 Ches. Ohio & Southw.. 176,414 Central of New Jersey 1,280,709 Illinois C entral........... 742,644 Total (representing 637,710 Northern Central........ 41 roads)................ $32,445,615 * Figures for this road are only for the four months to April 30. t The gross on Eastern lines decreased $6,017,059 and on Western lin es $3,457,812. As regards the showing for the month of June, that, as already stated, is the poorest of the half-year, the decrease being $9,056,927, or 21*48 per cent. When speaking of the May result, we said that the month would remain memorable as the worst experienced in the downward course of earnings which had been in prog ress so long. But obviously June will be memorable for a still worse result. It is worth nothing, however, that we are comparing with very good earnings for June last year, as may be seen by the following, show ing up to 1894 successive gains in earnings for a great many years past. Mileage. June. Year Given. Miles. Year Preceding. Miles. 1890 (151 ro a d s)......... 1891 (138 ro a d s ).. . . . . 1892 (138 to a d s )....... 1893 (143 r o a d s ) ...... 1894 (123 ro a d s )........ 81,719 85,734 93,396 98,016 95,404 79,671 83,215 91,405 96,028 94,292 Jan. 1 to June 30. 1890 (146 ro a d s )........ 1891 (138 ro a d s )........ 1892 (139 ro ad s)......... 1893 (143 r o a d s )........ 1894 (124 ro a d s )........ 83,155 88,557 96,945 100.894 98,213 81,147 85,948 94,354 98.906 97,101 Earnings. Year Given. Year Preceding $ 33,793,874 35,647,157 42,739,485 45,242,556 33,099,864 $ 31,167,583 38,916,213 39,783,121 42,984,427 42,156,791 Inc. Inc. In c. Inc. Dec. $ 2,629,291 1,730,939 2,956,364 2,258,129 9,056,927 216,641,296 193,477,369 Inc .23,163,927 228,646,601 219,971,775 Inc. 8,674,826 263,979,286 245,344,841 Inc .18,634,4:25 280,290,131 268,145,109 Inc .12,145,023 220,840,659 262,456,736) Dec .41,616,07 The Atchison in June lost as much as $1,206,088, the Northern Pacific $972,927, the New York Central $696,894 (this is based on the company's estimate for the quarter ending June 30, the actual earnings for Ju n e not yet having been reported), the St. Paul $521,029, the Rock Island $493,466, the Great Northern $458,628, the Missouri Pacific $443,224, the Canadian Pacific $432,873, the Wabash $379,746, &c., &c. These losses in many cases are larger than they otherwise would be because last year passenger earnings had been increased by the World's Fair. In the following we show all the changes above $30,000, in. J uly 14, 1894.] THE CHRONICLE. our usual form. There are only two roads which, have gains of any magnitude, namely the Norfolk & West ern, which, not being involved in the coal strike, was enabled greatly to increase its coal traffic, and the Florida Central & Peninsular, which, as already said, is operating a larger mileage. PRINCIPAL CHANGES IN GROSS EARNINGS IN JU N E . „ . Increases. Norfolk & W estern....... Florida Cent. & P en in . $77,016 Chicago Gt. W estern.. * $91,162 56,353 Inter. & Gt Northern. 88,514 West N. Y. & P e n n ... 87,494 Total (representing B. & O. Southwestern. 80,877 2 roads)— ......... $133,369 Wheeling & Lake Erie 78,788 klPPfpn cpfi Pitts. & West. (3 rds.)*. 77,590 At. T. & S. Fe (2 r’ds). *$1,206,088 Louisv. N. A. & C hic.. 73,623 Northern P acific......... 972,927 St. Louis Southwest’n. 66,700 N. Y. Cent. & Hud. Rf. 696,894 Duluth So. 8h. & A tl.. 63,115 Chic. Mil. & St P a u l.. 521,029 Flint & Pere Marq . . . 56,966 Chic. Rock Isl. & Pae. 493,466 Gr. Rapids (4 rds.). . . 53,857 Gt. Northern (3 r’d s).. 458.628 Rich. & Danv. (4 r’d s). 52,025 Missouri P acific-....... . 443,224 Lake E rie'* Western. 49,837 Canadian P acific......... 432,873 Rio Grande W estern.49,750 W abash.......................... 379,746 Texas & P acific............ 49,353 333,053 Burl C. Rap. & N o r .., Grand Trunk................ 46,170 D enver & Rio Grande. 256,200 Toledo & Ohio Central. 42,294 Mo. K ansas & T ex a s.. 230,019 Chicago & West M ich. 36,567 Clev. Cin. Ch. & St. L. 199,900 Iowa C en tral*............. 35,189 Buffalo Roch. & P itts. 191,439 St. Louis Alt. & T. H .. 34,492 C h icago* East Illinois 190,837 Tol. St. L. & Kan. C ... 33,859 Chesapeake & O h io ... 185,176 Minn. & St Louis....... 32,619 Louisville & N ashville 182,494 Nashv. Chat. & St. L .. 31,967 E a st Tenn. Va. & G a.. 101,301 St. Paul & D uluth....... 30,967 Chioago & Gd. Trunk. 93,605 Total (representing 54 roads).............. $8,912,674 For three weeks, tE stim ate based on quarterly return. The grain movement at the West was generally smaller than in June of last year, the receipts of wheat at the principal points having been 5,794,528 bushels for the four weeks ending June 30, 1894, against 8,910,842 bushels in the correspondiug four weeks of 1893, the receipts of corn 8,063,287 bushels against 12,900,885 bushels, and the receipts of oats 7,344,527 bushels against 11,491,367 bushels. [RECEIPTS OP FLO UR AND GRAIN FO R FOUR W EEK S ENDING JUN E 30, AND SINCE JANUARY 1. Biour, ( bbls.) Wheat, (bush.) Corn, (bush.) Oats, (bush.) Barley, (bush.) 4 w ks. J u n e , 1894 248,400 4 wks. J u n e , 1693 143,890 S in ce J a u . 1,1894 1,196,170 S in ce J a n . 1,1893 890,787 70.800 53.700 518,765 625,700 Bt. Louis— 4 w ks. J u n e , 1891 4 w ks. J u n e , 1893 S in ce J a n . 1,1691 S in ce J a n . 1,1893 103,213 76,102 623,714 654,814 Toledo— 4 w ks J u n e , 1894 4 wks. J u n e . 1893 S in ce J a n . 1,1891 S in ce J a n . 1,1893 450.450 755,700 3.767,915 5,561,037 87,750 1,206,000 73,190 68,250 905,000 182.700 817,650 4.101,000 3.682,670 522,800 3,900,441 2,986,500 192,921 1,770,960 509,770 308,745 2.799,730 594,795 1,533,647 17,383,399 4,798,405 3,526,675 19,749,760 4,624,613 1,501 557,500 627,600 1,958 10,037 66,099 412,179 6,100 35.700 44.800 577.700 439,400 2,650,300 2,384,330 52,000 470.0J0 2,539,200 3,917,658 4.100 15.200 52,30-i 106,110 6.80( 4,800 11,494 9,522 72,268 78,173 115,946 2o6,000 1,905,969 2,246,531 85,253 105.460 132,000 170,000 757,347 740,212 1,100,98a 1,037,150 1,400 6,3 2^4.193 336,806 16.672 23,803 143,444 138,883 42,862 127,502 738,020 823,378 40,920 134,213 39.447 229,848 311,054 790,100 303,156 1,192,113 27,799 270,75 '77,296 19,650 22,400 128,550 123,650 33,600 47,400 270,050 590,550 644.450 973.500 508,850 1.770,900 8.153.170 8,401,300 5,296,990 9,352,20o 4,200 3,500 549,600 576,200 4,200 1,800 69,6)0 67,400 4 w ks J u n e , 1894 694,357 4 w ks. J u n e , 1893 725,675 S in ce J a n . 1,1894 1,982,038 S in ce J a n . 1,1893 1,185,648 752,143 1,894,125 5,944,623 7,700,524 Detroit— Duluth— Minneapolis- 4 w ks. J u n e , 1894 4 w ks. J u n e , 1893 S in ce J a n . 1,1894 S in ce J a n . 1,1893 3,104,660 3.916.941) 19.986,270 26,253,155 Kansas City— 4 w ks. J u n & 1 8 9 1 4 w ks. J u n e ; 1893 S ince J a n . 1,1894 S inoe J a n . 1,1893 21,305 99,133 117,233 115,386 154,229 6,000 7,292 27,385 9.540 1,271 Since January 1. 1893. 1892. 481,734 1,246,021 6,992,727 10,333,578 4,933,691 9,423,448 70,966 81,921 115,030 273,069 76,988 190,931 1.582.3U 5,284,519 1893. 1,675,530 5,068,876 19,222,749 9,723,822 39,447,682 29,929,879 8,471,976 33,333,965 34,386,342 194,112 682,189 722,075 586,086 4,439,889 5,323,153 20,601,526 82,972,481 89,584,198 417,605 2,198,702 2,416,780 1,272 3,173 2,516 19,002,202 68,841,898 60,357,590 9,887,057 37,316,388 26,226,265 701,962 3,765,602 2,790,791 T o ta l g ra in 11,624,148 21,361,037 F lo u r., b b ls. 268,969 303,632 P o rk . ...b b ls. 269 565 C u tm ’ts .lb s . 15,155,353 14,320,341 L a rd .......lb s. 7,080,526 5,450,990 L ir e h ogs No 662,565 516,148 I 892] 8,612,66» î 33,701,723 32,938,739 1,375,476 6,596,18© , 83,224,790 t 2,S37,225 -, 10,579» 88,144,204 42,330,56® 4,282,62», As regards the cotton movement in the South, the gross shipments overland in June 1894 were only 30, 776 bales, against 52,134 bales in June 1893, and th<* receipts at the Southern outports 58,381 bales against76,357 bales. RECEIPTS OF COTTON AT SOUTHERN PORTS IN JUNE, AND FROM _________ JANUARY 1 TO JUNE 3 0 , 1 8 9 4 , 1 8 9 3 AND 1 8 9 2 . June. Ports. 1894. G a lv e s to n ................ b ales. E l P a s o , &c............... .... N ew O rle a n s ....................... M obile................................... F lo rid a .................................. S a v a n n a h ................. ......... B ru n sw ick , & c,............... C h a rle s to n ........................... P o r t R o y al, &c................ W ilm in g to n ........................ W a sh in g to n , & c ............ N o r f o lk .... ......................... W e st P o in t, &c............... T o ta l............................. 1893. Since January 1. 1892. 4,698 2,447 25,114 605 205 15,896 919 559 2,844 388 5,818 3,471 34,811 1,327 101 15,111 2,188 2,518 58.381 76,357 1894. 1893. 1892. 827 7,307 1,270 82,122 2,355 78 17,422 2,020 4,171 1 1,318 194,852 14,994 596,067 51,468 11,602 227,405 47,593 59,129 37,557 29,976 224,699 22,022 565,045 36,595 7,082 165,511 12,707 43,945 103 19,994 1-yrr 284,714 2 3 ,9 8 » 928,292 71,485 4,707 238,767 49,447 8 3,99» 28» 26,265 8,249 3,266 10,544 7,044 141,677 94,219 93.499 39,043 151,794 137,472 3,376 85,652 1,506,592 1,230,422 2,001.90 » Notwithstanding the smaller cotton movement, Southern roads on the whole did better than those of any other group, the loss on the following being only $508,233, or 9T8 per cent. EARNINGS O F SOUTHERN GROUP. 1894. 1893. 1892. 1891. 1890. 1889. $ $ $ $ $ i C h esap eak e & Ohio 655,317 840,523 823,185 +689,815 605,041 407,996E. T e n n .V a. & G a - • 345,246 446,547 483,277 . 519,600 568,357 472v771 K an.C .M em . & B ir. «67,767 «71,839 78,040 82,293 78,543 69,941 L o u isv . & N ash v .. 1,531,350 1,713,844 1,716,196 1,510,466 1,485,274 1,371,855. M em phis & C h a r.. 95,684 93,994 99,230 104 881 128,367 112,12 a M obile & O h io ....... 247,439 259,748 248,093 250,653 258,007 216,807 N a s h .C h a tt.& S t.L . 832,255 350,288 400J 86 303,359 275,359 259,175. N orfolk & W e s t’n b 840,820 *763,804 731,235 702,797 690,914 554,87» R ichm .& D anvilleS 876,865 824,840 900,844 963,931 923.919 811,724 S o u th C a ro lin a .... 68,000 81,195 83,013 97,406 83,391 76,507 T o ta l.................. 5,026,781 5,335,014 5.614.U9 5,249.201 5,097.202 4,353.777 a F ig u re s h e r e f o r 1394 a n d 1893 a re sim ply th e to ta ls o f th e e a rn in g s f o r t h e fo u r w eek s o f t h e m o n th a s re p o rte d in th e w eekly r e t u r n s ; t h e m o n th ’s e a r n Ings u s u a lly ex c e e d th e w eek ly e 3 ti , n a te s q u ite co n sid e rab ly . + D oes n o t in c lu d e th e E liz a b e th to w n L e x in g to n & B ig S an d y ro a d in th i s a n P> p rece d in g y e a rs . * F ig u res a re a p p ro x im a te , sa m e as f o r th is y ear; a c tu a l e a rn in g s w ere l a r g e r . b In c lu d in g S cioto V a lle y & N ew E n g la n d a n d S h e n a n d o a h V a lle y f o r a ll t h e y e a rs . § In c lu d e s t h e w h o le R . & D . sy ste m . If we contrast this loss on leading Southern roads with the loss in some other groups, we find the differ ence in favor of the South to be very decided.- For in stance, the Southwestern roads contained in the fol lowing show $2,377,107, or 26-85 per cent, decrease. EARNINGS OF SOUTHWESTERN GROUP. 1892. ........... 1894. 143,689 1,104,579 117,100 1,279|060 " 3 ,1 1 2 51,690 128,695 Total of all— 4 w ks. J u n e , 1894 4 w ks. J u n e , 1893 S in ce J a n . 1,1894 S in ce J a n . 1.1893 W h e at.b u sh . C o m ... b u s h . O a ts ., b u s h . R y e ., .b u s h . B arley.bush. June. 7,745 7,499 46,621 41,389 4 w ks. J u n e , 1894 4 w ks. J u n e , 1893 S ince J a n . 1,1891 S in ce J a n . 1,1893 Cleveland— 4 w ks. J u n e , 1894 4 w ks. J u n e , 1893 S in ce J a n . 1 . 189i S in ce J a n . 1,1893 Peoria— 4 wks, J u n e , 1894 4 w ks. J u n e , l693 S in ce J a n . 1,1891 S in ce J a n . 1,1893 June. 1894. Bye, 65,516 69,506 682.189 722,735 Mttwaukee- RECEIPTS AT CHICAGO DURING JUN E AND SINCE JANUARY 1 . (bush,) CTlicOfl')— 4 wits. J u n e , 1894 243,0i7 447,258 5,206.917 4,312,361 117,430 4 w ks. J u n e , 1893 265,735 963,799 8.735,503 8,102,512 225,632 S ince J a n . 1,1891 2,198,702 5,068,876 39,418,542 33,358,965 4,4:42.859 S in ce J a n . 1,1893 3,443,913 19,265,398 30,413,931 3l,6j4,115 5,327,011 ä s 1,344,578 6,794.528 8,063,287 7,344,527 203,512 147.474 1,374,63c 8,910,842 12,900,885 11,491,367 446,992 149.683 6,389,507 43,450,984 70,883,961 52,448,201 9,531,692 1,372,853 5,557.260 73,641,12* 62.699.730 55.005,440 1.950 110 1891. 1890. 1889. $ 3,256,425 ; 2,846,195 1 166,373 724,764 710,209 775,285 711,169 260,276 296,072 372,085 345,116 776,618 737,499 2,083,921 1,860,588 123,755 62,880 292,043 276,015 418,865 493,348 2,523,543 172,308 593,366 756,608 277,793, 359,805 616,875 2,094,190 143,66» 545,539 696,20® 272,715366,71® 654,11®. A t Chicago the receipts of grain for the even month 123,991 94,298-. in 1894. were only 11,624,148 bushels, against 21,361,037 262,292 212,908 467,160 447,077,• bushels in 1893. In the closing days of the month the T o ta l....... 8.854.860 1,088.387 8 508.494 receipts got down to very small figures on account of a F ig u re s h e r e f o r 1894 a n d 1893 a r e sim p ly th e to ta ls o f t h e e a rn in g s f o r th e s o f th e m o n th a s re p o r te d in t h e w eek ly r e t u r n s ; th e m o n th ’s e a r n the strike. From the following it will be observed that finogusr uwseek u a lly e x c e e d th e w eek ly e s tim a te s q u ite co n sid e rab ly . the^ receipts of hogs for the month were larger than a For the tbree^Pacific reads given the loss is 1,455*year ago. 550, or 36*51 per cent. THE CHRONICLE 56 [Y ol . L1X. EARNINGS OF PACIFIC KOADS. June. Can. Pacific........ N o rth ’ll Pacific.. Rio Gr. W est’n... 1894. $ 1,458,000 904,719 168,800 1893. 1892. 1891. Gross E a rn in g s. 1890. 1889. $ $ $ $ % 1,890,873 1,793,277 1,606,482 1,403,000 1,342,885 1,877,646 2,060,069 1,895,832 1,930,404 1,797,877 218,650 230,798 221,705 119,779 156,183 Nam e o f Road. 1894. Burl. Ced. R. & N o... Canadian Pacific....... Carolina M id lan d ... T o ta l................. 2,531,519 3,987.069 4,084,144 3,724,019 3,489,587 3,260,021 Char. Cin. A C h io... Char. Sumter & N o .. Chesapeake & O hio.. The trunk lines approach more nearly to the South Chic. & East Illinois. Ohio. Great Western. ern roads than any other, but even these show $1,801,- Chic. Mil. & St. Paul. Peo.A St.Loiils. 995 decrease, or 18*84 per cent. This is much better Chic. Chic. R. Isl. A P a c ... Chic. A West M ich... than for any other group except the Southern, but Cin. Georg. A P orts.. Jack. A Mack__ may be misleading, as we have not the returns of some Cin. Cinn.Portsm’th A Va. Col. A M aysville... of the principal systems, as for instance the Pennsyl Olev. Cin.Ch. A St. L .. Col. San’ky. A Hook.. vania, the Erie and the Baltimore & Ohio. Colusa A Lake............ Current R iver............ EARNINGS OF TRUNK LINES. Denv. A Rio G rande.. Det. Lans’g A N orth.. 1894. June. 1893. Dill. So. Shore A A tl.. 1892. 1891. 1890. 1889. E. Tenn. Va. A G a__ $ $ S Elgin Joliet A E a st.. $ $ $ B. Sc O. S.W | 453,767 131,444 169,416 159,584 Evansv. A Indianap. 531,644 ( 193,975 Evansv. A Richm’d .. Oh. &Miss. ' 302,017 304,926 305,935 296,523 C.C.C.&St.L 1,008,204 1,203,104 1,301,019 1,060,750 1,124,254 1,123,706 Evansv. A T. H au te.. F la Cent. P e n in ... G.T. o f Ca.* 1,604,569 1,937,622 1,808,486 1,724,160 1,884,343 1,932,239 Ft. Worth A A Rio G r.. 273,334 Ch. &G. T* 366,939 334,757 324,326 335,288 345,355 Flint A Pere M arq... 90,083 D.G.H&M* 103,003 110,777 103,277 102,533 97,833 Gadsden A Att. Un. N.Y.C.&H.+ *3,500,412 4,197,308 3,641,198 3,571,802 3,328,000 3,392,832 G e o r g ia ................. . South. A Florida. 831,343 1,211,094 1,112,683 1,050,387 Wabash.... 976,965 1,035,9X5 Ga. Gr.Rapids A Indiana. Total....... 7,761.717! 9,563,712 8,804,912 8,326,072 8,226.781 8.333.967 Cin. Rich. A F t. W .. Traverse C ity.. . . . * F o r five week«. Musk. Gr.R.A Ind.. + Includes Borne W atertow n & O rdensburg fo r all year, Gr. Trunk of Canada! Chio. A Gr. Trank. 1 i E stim ate based on q u arterly retu rn s. Det. Gr.Hav.AM il.i No.—S. P. M. A M. For the other roads in the Midddle and Middle Gt.Eastern of M in n ... Montana C entral.. Western group the loss is $1,102,766, or 27*80 per Gulf A Chicago........... Humeston A Shen . .. cent. Internat’l A Gt. N o .. EARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS. Interoeeanio (Mex.) .* Iowa Central*............. Iron R ailw ay.............. June. 1894. 1893. 1892. 1891. 1890. 1889. Kanawha A M ich ___ Kan. C. Clin. A S p r... $ $ $ I $ $ Kan. C. Ft. S. A Mem.. Buff. Roch. & P itt. 112,417 303,856 254,642 236,308 198,508 147,467 Kan. C. Mem. A B ir .. Chicago & E ast. I ll 171,094 361,931 Kan.C.Pittsh. A Gulf. 298,507 314,008 247,415 186,029 Chic. Sc W est Mich «108,859 «145,426 151,40» 145,443 130,211 106,570 Kan. City Sub. B e lt.. Kan. C. Wyan. A N. W* D et. Lansing & No. «79,356 «91,999 95,098 100,125 97,276 85,372 Kan.C.A B eatrice.* B vansv.& T erre H. 78,535 107,121 98,191 90,498 83,620 65,909 Keokuk A W estern... F lin t & P . M arq.... 188,042 243,008 212,069 220,074 225,240 176,272 Lake Erie All. A So. . . Or. Rap.& Ind. Sys. 198,283 252.140 263,206 246,871 276,663 227,963 Lake Erie A Western. L ak e Brie Sc W est. 257,948 307,785 262,391 238,455 231,410 180,876 Lehigh A Hud. River. Louisv. Evans. A St.L Lou.B vans.& St.L. 102,641 130,978 108,786 108,852 95,784 87,615 Louisv. A N ashville.: Louis. N.A. ScChic. 241,799 315,422 285,175 239,299 231,424 201,727 Louisv. N. Alb. A Chio. N. Y. Ont. & W est. 375,618 374,198 332,939 272,515 191,530 164,428 Louisv. St.L. A T ex.. P itts b ’g & W est’n. *216,852 294,442 200,712 218,497 195,090 183,471 Louisville Southern.. St. L. A lt. Sc T. H . . 78,210 112,702 116,643 100,715 95,233 84,851 Macon A Birming’m . M anistiaue............. Tol. A nnA r.& N .M . 80,310 88,978 84,880 88,228 94,335 73.663 Memp. A Charleston. Tol. Sc Ohio Cent... 103,637 145,931 16\920 147,356 180,503 129,302 Mexican C e n tr a l..... Tol. Peo. & W est.. 60,399 ' 80,608 72,047 71,212 72,485 68,317 Mexican N ational___ Tol. St. L. & K. C.. 115,733 149,592 152,245 149,265 132,854 58,749 Mexican R a ilw a y ...t W est. N .Y . Sc P a.. 231,000 318,494 276,187 304,324 304,112 261,322 Minn. A St. L o u is .... W heel. Sc L. B rie .. 65,089 143,877 126,578 113,224 100,619 66,507 Mo. Kans. A T ex.sys.. Mo. Pac. A Iron Mt-. Total............. 2,863,822 3,986,588 3,569,126 3,389,798 3,161,321 2,558,410 Mobile A Birm ’gham. Mobile A Ohio............ Mont. A Mex. Gulf .. a Figures here for 1894 and 1833 are simply th e to ta ls of th e earnings fo r th e fo u r weeks of th e m onth as reported in th e weekly r e tu r n s ; th e m o n th ’s earn- Nashv. Chit. A St. L. N. Orleans A South... mgs usually exceed th e weekly estim ates qu ite considerably. N. Y.Cen. A Hud. Rivi * Figures fo r fo u rth week n o t reported; ta k e n sam e as la st year. N. Y. Ont. A W est.. . . Norfolk A W estern__ Northern Pacific....... For the if or th western group the decrease is Ohio River................... $1,772,335 or 23*77 per cent. Peo. Dee. A E van sv.. Pitts. Marion A Chio. EARNINGS OF NORTHWESTERN LIN ES. Pittsb. A W estern*... Pittsb. Clev. A Tol* Pittsb. Pa A Fair*. June. 1894. 1893. 1892. 1891. 1890. 1889. Rich. A D an ville....... Georgia P acific___ $ $ $ $ Char. Col. A Aug . $ B url. Ced.R.& No. 273,684 319,854 338,421 268,340 Col. A G reenville.. 209,427 2X0,267 ©hie. Gt. W est ... 262,209 Rio Grande South’n. 353,371 444,212 368,416 325,784 242,092 Rio Grande Western. Chic.Mil.A S t.P .) 2,584,777 2,147,615 1,949,876 2,007,204 2,004,9711 2,383,942 Quin. Omaha A K. C .. Milwau.&No.. ) 153,535 141,009 124,901 '97,744 Sag. Tuscola A Huron Chic. B. I. Sc Pac. 1,223,697 1,717,163 1,470,910 1,287,693 1,237,679 1,279,620 St. Jos. A Gr. Island.. D u lu th S.S.& A tl. 175,554 288,669 207,956 220,699 228,524 214,355 St. L. Alt. A T. H .. . . Gt . N o rth ern Sys. 982,837 1,441,465 1,142,663 1,026,244 918,106 701,434 8t. L. K ennett A So.. Iow a C en tral....... *123,110 Louis Southwes’n . 158,299 153,799 117,589 114,177 109,416 8t. St. Paul A D u lu th .. . . M inn. Sc St. Louis. 133,928 166,547 178,191 133,240 99,489 103,945 San Fran. A No. P ac.. S t. P a u l & D uluth 125,636 156,593 184,048 167,025 111,153 106,707 S iv . Amer. A M ont.. T o ta l.............. 5,684,597 6,857,512 5.877,770 5,319,206 5,072,784 Bher.Shrev.A South.. Silverton.................. . * Figures fo r fo u rth week n o t reported; ta k e n sam e as la st year, South Carolina......... . Texas A Pacific.......... Tol. A. Arb. A N. Miob G R O S S E A R N IN G S A N D M IL E A G E IN J U N E . Tol. A Ohio C entral.. Tol. Peoria A West’n. Gross E arnings. Mileage. Tol. St. L. A K. City . N a m e o f Road. Wabash......... Increase or West. N. Y. A P en n .. 1894. 1893. Decrease. 1894. 1893. Wheel. A Lake E rie.. $ $ $ Atoll. T.A 8. F e S y s... 2,099,854 3,178,769 —1,078,915 7,458 7,481 St.L. A S.Fran. Sys.. 566,443 693,6 L6 —127,173 1,864 1,864 B alt. A Ohio South w a 453.767 534,644 —80,877 917 917 Birm ’ham A A tlantic 1,562 2,363 —801 22 22 B rooklyn E levated .t 130,129 140.325 —10,196 20 17 Buff. Rooh. A Pittsb 112,417 303,856 —191,439) 334) 294 1893. Mileage. Increase Decrease r 1894 . 1893. $ $ $ 273,68 4 319,85 4 —46,17 0 1,13 4 1.134 1,458,00 3 1,890,87 3 - 4 3 2 ,8 7 d 6,32 7 6,015 2,46 3 55 2,49 1 —25 55 10,35 3 207 9,82 L +52 9 20 7 8,30 3 7,50 ) 13 9 139 +80 U 655,34 7 840,52 3 —185,17 6 1,26 9 1,269 171,09 4 361,93 l —190,83 7 480 51 5 262,20 3 922 353,37 L - 9 1 ,1 6 2 92 2 2,333,94 2 2,904,97 L —521,02 9 6,03 6 6,086 50,00 L 74,70'7 313 —24,70 6 31 3 1,223,69 7 1,717,16 i —493,46 3 3.57 3,571 108,8513 145,42 5 7 57 5 575 —36,56 5,49^ t 42 42 5,785 1 -2 9 5 45,63'7 55,56, 345 —9,92 3 34 5 24,34 24,17> ! 10 3 106 +17 2 99'7 1,295 1 11 19 —29 3 1,008,20< t 1,208,104 : —199,90<3 1,85> ) 1,850 53,155 54,634 , 27;i 272 —1,48 i. l,30i > 21 22 1,90( • —60 ) 8,20? 10,45' —2,2411 82 812 472,20( ! 728,401 > —256.20 1,65' 1,646 79,351 334 91,99£ i —12,64 1 334 175,55’ 238,66£ - 6 3 ,1 1 > 58£ * 589 345,246 446,54'/ —101,30] 1,26? 1,265 55,561 182 —10,42< 181 16,728 28,525 15(5 156 --- 11,79a 8,201 13.72C —5,51' 105 102 78,535 107,22] 16f 165 —28,68( 155,98] 99,628 926 +56,35E 666 15,325 27,12] 146 146 —11,791 186,042 243,005 63£ —56,96f 639 531 72? 1] 11 —192 78,102 86,945 307 307 —8,»4C 65,928 285 69,984 —4,055 285 152,872 436 436 194,484 —41,612 32,871 33,447 —5,57€ 86 86 3.44S 5,244 26 26 —1,79( 9,092 13,965 37 37 —4,373 1,604,568 1,937,622 —333,05? 3,506 3,515 273.334 366.93S —93,60?. 335 335 90,083 108.003 , —17,920 18£ 189 770,160 1,245,844 —475,684 3,70£ 3,709 71,983 107,792 72 72 —35,809 140,694 87,829 256 256 + 52,865 2,425 2,646 —221 62 62 9,000 95 8,976 95 + 24 200,924 289,438 —88,514 825 825 141,409 519 113.686 519 + 27,723 81,416 116,605 497 497 —35,189 2,411 5,020 20 —2,609 20 27,682 23,386 173 142 + 4,496 22,269 20,445 + 1,324 163 163 296,942 307,672 671 671 —10,730 67,767 71,839 —4,072 276 276 32.482 13.723 235 187 + 18,759 25,240 23,852 35 35 + 1,388 14,148 18,5 i4 175 175 - 4 ,3 7 6 639 690 20 —51 20 27,605 28,263 14« 148 —6 )8 3,785 6,713 61 61 —2,928 257,948 307,785 —49,837 725 725 42,764 48,711 —5,947 90 90 102,641 13>,978 368 —28,337 368 1,531,350 1,713,844 —182,494 2,955 2,943 241,799 315,422 —73,623 537 537 33,088 51,545 166 166 —15,457 45,349 49,912 130 —4,563 130 4,180 5,418 97 97 —1,238 10,582 8,065 44 44 + 2 ,5 1 7 95,634 98,394 —2,710 330 330 688,541 680,414 + 3,127 1,860 1,860 334,272 326,344 + 7,928 1,219 1,219 254,916 225,206 321 321 + 29,710 133,928 166,547 355 355 —32,619 611,658 841,677 —230,019 1,945 1,783 1,484,935 1,928,159 —443,224 5.375 5,375 18,306 20.330 —2,024 149 149 247.439 259,743 —12,30 ■ 687 687 90,000 84,643 + 5 ,3 )7 388] 388 350,288 382,255 885 810 —31,937 5,793 8,498 65 —2,70o 65 3,500.412 4,197,306 —696,39 t 2,395 2,321 375,618 374,198 47 + 1,420 477 840,820- 763,804 + 7 7 , >16 1,567 1,556 904,719 1,877,616 —972,927 4,623 4,623 55,188 65,826 215 —10,633 215 58,019 73,945 334 —15,926 334 2,415 3,394 25 —979 25 66,3 <5 105,051 227 —3 8,6)6 227 32,468 62,064 —29,596 77 77 19,083 28,421 61 —9,333 61 669,010 639,778 —29,232 2,208 2,208 114,525 132,740 —18,215 564 564 41,099 42,995 —1,896 191 191 29,433 32,120 —2,632 199 199 31,848 47,962 180 —16,114 172 1«8,800 218,550; —49,750 529 529 19,660 22,768 134 134 —3.103 11,517 11,738 —221 67 67 , 61,183 87,462 - 2 6 ,2 79 445 445 78,210 112,702 —34,4)2 239 . 239 2,149 1,815 + 3 i4 20 20 274,300 341,000 —68,700 1,223 1,223 125,636 156,593 —30.957 248 248 77,923 77,222 +7*H 165 165 32,900 41,617 —8,7 17 300 300 17,463 19,191 —1,723 155 155 6,500 9,079 —2,579 20 20 68,000 81,195 —13,195 270 270 409,314 458,637 —49,353 1,499 1,499 80,310 307 86,978 —6 ,6 6 J 307 103,637 145,931 —42,294 368 308 60,699 80,608 —19,90 * 247 247 115,733 149,592 —33,859 451 451 811,348 1,211,094 —379,746 1,935 1,935 231,000 318,494 —87,494 629 629 65,089 143,877 —78,783 260 260 1,099,864 42,156,791 - -9,056,92 7 5,404 >4,29 2 * For three weeks only, i For five weeks ended June 30. I Estim ate based on quarterly returns. a Includes Ohio A M ississippi for both years. J olt 14, 1894.]) THE CHRONICLE GROSS EARNINGS FROM JANUAR Y 1 TO JU N E 30. N a m e o f Road. A tc h . T o p . & S .F e S y s ... S t. L. & S. F r a n . S y s .. B a lt. & 0 . S o u th w e s t.« . B irm in g h a m & A tla n tic B ro o k ly n E l e v a t e d ........ B uff. R o ch . & P i t t s b u rg . B u rl. C ed. R a p . & N o .. . C a n a d ia n P a c ific .............. C a ro lin a M id la n d ............ C h a r le s to n C in. & C hic.. C h ar. S u m te r & N o rth ’n C h e s a p e a k e & O h io ........ C hic. & E a s t ’n I llin o is .. C hic. G r e a t W e s te rn ___ C hic. M ilw . & S t. P a u l . . C h ic .P e o . & S t. L o u is .. C hic. R o c k Is l. & P a c . . . C hic. & W e s t M ic h ig a n . C in. G e o rg . & P o r ts m ’th C in. J a c k s o n & M a c k ... C in n . P o r ts . & V irg in ia . C o lu m b u s & M a y sv ille O lev. C in. C hic. & S t. L . . C o lu sa & L a k e ....... ........... C u r r e n t R iv e r ...... ............ D e n v . & R io G ra n d e D e t. L a n s in g & N o rth ’n . D u l. So. S h o re & A t l ___ E a s t T e n n . V a. & G a . . . E lg in J o lie t & E a s t ........ E v a n s v . & In d ia n a p o lis . B v a n s v . & R ic h m o n d ... E v a n s v . & T e r r e H a u te . F l i n t & P e r e M a r a u e tte . F la . C en t. & P e n in s u la r. F t . W o rth & R io G ra n d e G a d sd e n & A ta lla U n .. . G e o rg ia ............................. G a. S o u th ’n & F lo r id a .. G r. R a p id s & I n d i a n a . .. C in. Rich.<& F t.W a y n e . T r a v e r s e C ity ................. M us. G r. R. & I n d ........ G r. T r u n k o f C a n a d a ... C hic. & G r. T r u n k . . . . . D e t. G r. H . M ilw ___ G r e a t N or. S t. P . M.& M. E a s te r n o f M in n e so ta . M o n ta n a C e n t r a l.......... G u lf & C h ic a g o ................. H u m e s to n <&S h e n a n d ’h I n t . & G r e a t N o r t h e r n .. I n te ro o e a n ic (M ex .) . . . t I o w a C e n t r a l................... * I r o n R a ilw a y ___. . . . . . . . K a n a w h a & M ic h ig a n .. K a n . C ity C lin. & S p r . .. K a n s a s C. F t. S.& M e m .. K a n . C ity M em . & B i r . . K a n . C ity P itts . & G u lf. K a n s a s C itv S u b . B e l t.. K a n . C ity Wy. & N. W . .* K a n . C ity <fe B ea trice * K e o k u k & W e s te rn ........ L . E r ie A llia n c e & S o ... L a k e E r ie & W e s te r n ... L a k e S h o re & M ich. So. L e h ig h & H u d s o n R iv e r Iio u isv . E v a n s v . & S t. L. L o u is v ille & N a s h v ille .. L o u isv . N . A lb . & C h ic .. L o u isv . S t. L. & T e x a s .. L o u isv ille S o u th e r n ___ M a c o n & B irm in g h a m .. M a n is tiq u e ...... .................. M e m p h is & C h a r le s to n . M e x ic a n C e n tr a l.............. M e x ic a n N a tio n a l............ M e x ic a n R a ilw a y ............ M ich . C e n t.. & C an. S o .. M in n e a p o lis & S t. L o u is M isso u ri K . & T e x . s y s .. M o. P a c ific & I r o n M t.. M o b ile & B ir m in g h a m .. M o b ile & O h io ................... M o n te re y & M ex. G u lf. N a sh v .C h a t.& S t. L o u is. N . O rle a n s & S o u th e rn . N . Y . C en t. & H u d . R ivJ. N .Y . O n ta rio & W e s t’n . . N o rfo lk & W e s te rn .......... N o r th e r n P a c i f i c .. . ........ O h io R i v e r ................... .. P e o r ia D e c. & E v a n s v .. P it ts b . M a rio n & C h ic .. P it ts b u r g & W e s te rn * ... P it ts b . C leve. & Tol.*.. P it ts b . P a iu e s . <&F ’p t* Q u in c y O m a h a & K . C .. R ic h m o n d <fc D a n v ille .. G e o rg ia P acific............. C h a r. Col. & A u g ........ C o lu m b ia & G re e n v ... R io G ra n d e S o u th e r n ... R io G ra n d e W e s te rn ___ B ag. T u s c o la & H u r o n .. S t. J o s . & G ra n d i s la n d . S t. L . A lt.& T .H .B r’c h s . S t. L . K e n n e tt & S o u th .. S t. L o u is S o u th w e s te r n . S t. P a u l & D u lu th ............ S a n F r a n . & No. P a c ific . S a v a n . A m e r. & M o n t.. S h e rm a n S h re v e . & S o .. S i l v e r t o n ........................... S o u th C a r o lin a ................. T e x a s & P a c i f i c .. . .......... T o l. A n n A rb . & N. M .. T o led o & O h io C e n t r a l .. T o led o Peoria<& W est’n . 1894. 9 14,715,444 3,558.939 2,909,926 10,911 917,621 1,075,454 1,762,313 8,137.086 21,644 81,912 79.071 4,082,517 1,475,348 1,674,476 13,678,295 425,794 8,032,807 724,325 31,623 291.501 117,121 4,906 5,904,458 7,667 63,578 3,022,901 497,418 741,943 2,474,103 493,012 126,531 51,516 524,920 1,204,258 1,203,771 120,220 3,137 614,163 417,202 886,442 180.995 24,197 47,573 8,357,191 1,440.037 458,580 4,167,379 399,155 699,027 19,951 56,800 1,413,941 1,189,397 788,642 19,534 173,834 138,333 1,871,847 492.539 155,425 109,795 145,968 5,520 177,622 32,753 1,498,587 9,382,241 200,529 683,912 9,204,954 1,289,757 195,622 293,011 34,833 30,798 615,966 4,289,753 2,106,138 1.589,224 6,169,000 791,540 4,178,598 10,667,243 127,308 1,592,385 565,694 2,251,538 48,032 19,800,855 1,742,711 4,779,884 6,3 52,074 301,433 375,257 16,032 547,419 273,041 119,992 110,998 4,171,928 848.983 322,795 274.738 161,105 956,028 54,094 457,733 612,063 13,315 1,958,491 624,751 364,909 207,923 129,296 9,852 587,639 2,929,348 496,382 666,823 400,339 1893. 9 19,203,847 4.240,347 3,306,584 17,171 999,847 1,656,220 1,883,961 9,459,997 23,510 77,496 80.726 4,946,853 2,120,417 2,070,937 16,210,364 554,-522 8,994,551 927,157 31,635 340,300 128,843 6,799 6,672,937 10.555 63,886 4.289,646 581,406 1,030,097 2,873,486 460,673 178,054 70.362 609,757 1,482,012 806,470 189,530 5,121 666,715 414,694 1,150,442 235,830 30,616 76,061 9,333,886 1,762,276 530,627 5,930,367 476,502 572.872 19,971 63,009 1,995.210 1,080,034 865.961 22,486 171,349 133,082 2,209,902 539,337 52.205 107,018 152,789 6,481 182,363 40,189 1,801,063 11,816,580 269,838 872,465 10,718,711 1,598,607 296,395 342,704 33,730 66,223 735,178 4,057,282 2,213,679 1,576,092 7,550,000 859,708 4,671,631 12,734,044 141,591 1,666,845 536,213 2,457,355 63,660 22,670,813 1,805,981 5,011,231 9,627,544 373,507 432.786 19.748 681,293 383,178 141,492 132,184 4,395,309 921,877 320,386 259,752 299,743 1,110,224 58,310 598,250 776,016 13.781 2,422,920 827,450 384,482 262,435 127,695 24,603 679,049 3,285,396 515,675 967,261 461,068 tT o June 23. t E stim ate ba ted on quarterly returns. a Includes Ohio & M ississippi for both years. N am e o f Road. Increase. $ $ 4,416 488,403 681,408 396,658 6.260 82,226 580,766 121.648 1,322.911 1,866 1,655 864,336 645.069 396,461 2,532,069 128,728 961,747 202,832 12 48,799 11,722 1,893 768,479 2,888 32,339 397,301 2,508 ........ 126,155 308 1,266,745 83,988 288,154 399,383 51,523 18,846 • 84,837 277,754 69,310 1,984 52,552 264,000 54,835 6,419 28,488 976,695 322,239 . 72,047 1,762,988 77,347 20 109,363 2,485 5,251 103,220 2,777 1,103 232,471 13,132 29,481 2,409 14,986 1,601 57 6,209 581,269 77,319 2,952 338,055 46.798 6,821 961 4,741 7,436 302,476 2,434,339 69,309 188,553 1,513,757 308.850 100,773 49,693 35,425 119,212 1894. Tol. St. L. & Kan. City. W abash................ ......... West N. Y. & P a ........... Wheeling & Lake E r ie . 1893. 9 651,397 5,337,254 1,316,418 528,337 Increase. T o ta l(124r o a d s).... 220,840,659 262,456,736 Net decrease............ . Decrease 9» 9 879,506 6,534,058 1,798,500 745.286 228,109 1.196,804 482,083 216,899 1,080,998 ROADS REPORTING FOR FIV E MONTHS. J a n . 1 to M ay 31. 1894. A d iro n d a ck .................... Alabama M idland.......... A llegheny V alley........... Arkansas M idland......... Balt. & O.—East lin es.. West lin es.. Bath & Hammondsport. Cam. & A tlantic & Brs.. Central of New Jersey.. Chautauqua Lake.......... Che raw & Darlington. Ches. Ohio & So’w estem Chic. Burl. & North___ Ohio. Burl. & Q u in cy... Chicago & E r ie................ Chicago & N orthwest. Chic. St. P. Minn. & Om. Cin. N. O. & Tex. P a c ... Ala. Great Southern.. New OrL & No’e a s t .. Alabama & Vicksburg Vicks Shrev. & Pac. Col. Hock. Val. & T o l... C rystal......... .................... Cumberland V alley....... Duluth & W innipeg___ F itch b u rg ............ ........... Georgia Carolina & No. H oosac Tun. & W ilm .... Houston E. & W. T e x ... Illinois Central.............. Ind. Dec. <fc W estern .... Long Islan d ..................... M exican International. N. Y. L. E. & W estern. a N. Y. Susq. & West......... Norfolk & Southern....... Northern Central........... Oconee & W estern........ Ohio Southern.............. . Oregon Im provem ’t Co. Pennsylv. (east P. & E.). Western lin es___. . . . . Petersburg -....... ............. Phila. & Reading RR.. . . “ “ Coal & I. P itts. Shen. & L. E r ie ... Pqrt Royal & A ug.......... Rich. Fred. & Potom ac. Richmond & P e te r sb ... Sav. Fla. & W estern__ Southern Pac. ( 6 roads). Staten Isl. Rap. T rans.. Stony Clove & C. M ts... Tex. Sab. Val. & No. W. U lster & D elaw are... Union Pacific (11 roads) West Jersey & Branches West Va. Cent. & P itts.. Western M aryland... Wrights. & Tennill6.. 1893. 67,458 221,223 795,293 32,305 6,187,459 1,741,306 7,883; 254,594 4,535,861 15,557 36,325 809,938 665,967 12,796,691 908.248 11,526,744 2,931,892 1,392,000 551.000 467.000 204.000 206.000 914,830 4,283 285,360 50,486 2,574,194 289,000 14,387 164,578 7,205,781 137,880 1,363,637 883.118 9,198,635 645,554 190,463 2,203,735 13,019 243,734 1,496,506 22,085,896 13,542,188 231,219 7,312,246 7,876,854 137,427 127,538 297,677 138,646 1,361,313 17,306,136 334,790 7,895 17,931 136,503 *9,246,766 533,105 372,560 425,997 31,653 Increase. Decrease. $ 70.977 190.726 1,083,657 33,003 7,612,167 2,575,414 8,762 233,280 5,816,570 21,250 42,994 986,352 1,010,061 15,683,329 1,211,191 13,160,676 3,210,886 1,665,351 738,133 589.726 226,846 213,552 1,328,940 6,934 343,244 106,510 2,954,840 202,053 14,296 179,515 7,948,425 183,935 1,415,973 886,445 Í 1 ,819,674 667,483 186,369 2,841,445 5,725 294,804 1,487,697 28,102,955 17,000,000 244,208 9,050,187 9,264,705 152,634 132,275 341,393 152.421 1,360,70J 19,147,795 339,404 9,036 22,079 140,35 *12,389,398 604,038 455.421 450,57 30,042 Total (76 roads) . . . . 155,758,264 188,648,840 Net d e c r e a s e ......... 3,519 30,497 21,314 86,947 91 4,094 288', 364 698 1.424.708 834,108 879 1.280.709 5,693 6,669 176,414 344,094 2,886,638 302,943 1,633,932 278,994 273,351 187,133 122 ,7 2 6 22,846 7 ,552 414,110 2 ,651 57 ,8 8 4 56,024 330,646 14.937 742,644 46,055 52,336 3,327 2,621,039 21,929 637,710 '7,294 5 i,0 7 0 "8,809 604 1,611 6,017,059 3,457,812 12,989 1,737,941 1,387,851 15,207 4,737 43,716 13,775 1,841.659 4,614 1,141 4,148 3,856 3,142,632 70,933 82,861 24,574 161,261 33051837 32890576 107,541 * For th e Union Pacific w e have the figures only for the four m onths 1,381,OJO to April 30. 68,168 493,033 2,066,801 Stock E xchange Clearing -H ouse Transactions. —- The 14,283 74,460 subjoined statement includes the transactions of the Stock 205,817 15,623 2,869,958 63,270 23 L,347 3,475,470 72,074 57,529 3,716 133,874 110,137 2 1,500 21,186 223,381 72,894 138,638 154,196 4,216 140,517 163,953 466 464,429 202,699 19,573 54,512 Exchange Clearing-House from July 2 down to and includ ing Friday, July 13 ; also the aggregates for January to June, inclusive, 1894 and 1893. STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS. ,—Shares, both sides.—* > -------B alances, one side.——, Sheets Cleared. Total Value, Shares. Value Shares. Cash, Clear’d tto n th — $ J a n ., 1893. Feb., 1893. M ar., 1833. A p r., 1893. M ay, 1893. J u n e ,1893. 28,514,500 25,108,900 24,591,100 20,802.500 28,209,500 17,190,700 2,084,709,000 1,744,400,000 1,690,000,000 1,421,300,000 1,738,900,000 1,010,9 i0,000 3,000,000 2,587,900 2,701,800 2,311, iOO 2,889,500 1,082,000 0 m o s .... J a n ., 1894. Feb., 1894. M ar., 1894. A pr., 1894. M ay, 1894. June,1 3 9 4 . 144,447,200 18,363,000 12,847,000 16,912,900 14,728,000 19.140,800 13,185,700 9,670,209.000 1,088,600,000 784.800.000 1,076,441,009 838.700.000 1,259,300,000 842.800.000 15,154,500 955,911,000 19,001,500 39^070 1,354,000 69,10 (.000 3,041,000 6,830 1,035,400 56,-2 M),0)0 1,3.40,900 1.452.100 8L.80 >,»0) 1,928,740 1,384,300 77,3)0 000 1,110,990 6,401 1.551.100 91,700 0*0 1.038,509 6,689 1,U7,S00 __________________ 05,300,00) 1,484,000 ________ 6,098 6 m o s .... 95,178,000 5,861,041,000 210,700,000 17-2,701,000 107,900,100 151.100,000 181,110,0)0 9 ’,2)0,090 3,300*500 3,529 000 3,781,100 2,331,000 4,870,100 1,719,800 6,839 6,161 7,080 6,005 » s 7,924,700 441,300.00011,208,000 38,198* t— Shares, both sides.—, Cleared. Total Value. •-------Balances, one side.--------Parliest Shares. Value Shares. Cash. C lear'n£ 14,751 $ 9 9 91,4 LO July 2 .. 435,600 26,900,000 40,900 2,100,000 37,200 265 356,048 “ 3 .. 439,200 27,600,000 19,293 43.600 2,500,000 48,400 259 300,438 “ 4 ............................................... ..H O L ID A Y . ............................. ........ ... 60.729 “ 5 .. 271,900 17,500,000 32,100 1,800,000 34,000 218 “ 6 .. 395,000 27,500,000 32.600 2,000,000 67,900 270 Tot.w k.. 1,541,700 99,500,000 W klastyr2,908,300 201,127,000 149,200 8,400,000 187,500 1,012 317,200 20,208,600 330,400 1,034 58 THE CHRONICLE. /—Shares, both sides —% /--------Balances, one side.------- . Sheetd Cleared. Total Value. Shares. Value Shares. Cas h. Clear’s $ $ $ J u ly 9 . 668,000 46,500,000 57,200 3,600,000 72,700 293 M 10. . 664,100 45,800,000 50,900 3,200,000 79,300 282 « 11 . . 482,600 32,300,000 33,900 1,998,000 89,800 267 « 12. . 631,100 47,000,000 46,500 3,400,000 84,000 288 « 13. . 411,400 31,400,000 35,500 2,400,000 49,700 253 [VOL. L1X. 15 per cent on an average. At first the miners were inclined to subm it; but they were roused to resistance by proffers of aid from the Miners’ Federation. The struggle of course will seriously affect all branches of business in Scotland, and cannot fail to injure trade in England also. The foreign trade is exceedingly bad ; and, as has often been mentioned in this correspondence, there are considerable difficulties in Tot. w k. .2,857,200 203,000,000 224,000 14,598,000 375,500 1,383 W klastyr4,086,300 243,200,000 388,200 20,200,000 509,200 1,451 Staffordshire, Lancashire, Yorkshire and Scotland. But the The stocks cleared now are American Cotton Oil common, home trade until now has been steadily improving. Week 'American Sugar common, Atchison, Chicago Burlington & after week the railway traffic returns show most gratifying «Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com. increases. At the Stock Exchange Settlement which began on Tuesday mon, Chicago & Northwestern, common, Chicago Rock Island -<fe Pacific, Delaware Lackawanna & Western, Distilling & morning and ended on Thursday afternoon, borrowers were ‘Cattle Feeding, General Electric, Lake Shore Sc Michigan able to get at 1% per cent from the joint-stock banks what Southern, Louisville & Nashville, Manhattan, Missouri money they required. As there had been a heavy fall in Pacific, New York Central, New York & New England, New most securities, especially those of the United States and Y. L. E. & West., North. Pac. pref., National Lead comm on, South America, there were large differences to pay, and it was feared that difficulties might occur. But so far there has Phila. & Read., Un. Pac. and Western Union. been no failure announced, although it is understood that I p D t i s t a r t j f ( & Q \ n m z x c w l ^ U Q l i s U ^ z w 8 several members of the Exchange had to get assistance. On the provincial Exchanges, especially those of Liverpool, Manches [From our own correspondent.] ter and Glasgow, it is believed the difficulties have also been L o n d o n , Saturday, June 30, 1894. patched up. The public is holding quite aloof and business As this is the last week of the month, of the quarter, and of continues utterly stagnant. President Cleveland’s reassuring th e half-year, there has been during the past two or three statement respecting the financial condition of the United ►days a little more demand for money. But the supplies are States cheered the market for a day or two; but the Pullm an *so abnormally large that rates have been little affected. In boycott and the fear of labor troubles generally have caused the open market the rate of discount is only about % per a return of stagnation. The market has been singularly little cent, and the rate of interest for short loans has often been as affected by the murder of President Carnot, though for a dow as % per cent. On Thursday, which was pay day on the moment there were apprehensions that it might lead to Stock Exchange, about % per cent was charged for loans for unpleasantness between France and Italy. The fear has now a week. But that was exceptional; the rate generally through passed away, and there is much gratification felt at the the week has been no better than % per cent. The Bank of election of President Casimir-Perier. England now holds over 39% millions sterling in gold, and Business naturally is almost at a standstill in Paris, and large amounts are still on the way. During the month ending both in Germany and Austria-Hungary there is also great to-day it is estimated that the shipments of the metal from quietness. Matters are drifting both in Italy and Spain. It Bombay alone aggregate nearly three quarters of a million is not found at all easy to constitute the Italian Alcoho •sterling. A considerable amount has also been shipped from Monopoly, which is being hawked about in London, Paris China. Formerly China used to send a good deal of gold to and Berlin, capitalists not showing any inclination to join. India, but now the metal is coming to Europe instead. In A rumor that a disagreement had occurred between the Com ¡spite, however, of the extraordinary abundance and cheap, mercial and the Anglo-American cable companies caused a fall ness of money the spirit of enterprise is entirely absent. early in the week in Anglo-American securities, but it is The India Council has been again fairly successful this believed here that there is absolutely no foundation for the week in the sale of its drafts. On Wednesday it offered for rumor. tender 45 lakhs, and sold the whole amount at Is. Id. per The rates for monev have been as follows: rupee. Later in the same day it sold 20 lakhs, some at Interest allowed Open Market Rate». Is. 1 l-32d. and the remainder at Is. 1 l-16d. per rupee. Thia « fordeposits by Ö week the sales of gold by the natives in India have not been B ank Bills. Trade Bills. « Disc’t W st Jo in t so large as for some time previously. But it is believed that if S ix Three Four Six Stock A t I to li. Three Four the exchange falls to about Is. 0%d. per rupee there will be «1 Months Months Months Months Months Months Banks. OaU. Days. very large exports of gold. Early in the week it was reported May 25 94 1 - 1 @ — 13-16® 1M®194 1/4®'94 1/4@194 1 2 th a t there was more activity in the Indian wheat market June 1 2 11-16-M 11-16-94 1«® - 1>4®2 1J4@2 1J4@2 H 94 1 1 11-16-94 “ 8 1«® 2 11-16-94 94 1M&1H U4®ih> 1«@194 owiDg to the greater firmness in London ; but since then the 1 « “ 15 2 94® - 1«@ - 1M®194 1>4@194 1«@2 94 market has received somewhat of a check. Except for this “ 22 2 94® « - 1 @ - 1 @1« lJ4®Hi Hé@194 1 94 slight,!approvement in wheat, business is exceedingly inactive “ 29 2 «-11-16 94@ % %@1 i m a i n ® ! * 1«@194 1 % 94 all over India, and on Thursday the Bank of Bengal reduced The Bank rate of discount and open marke t rates at the its rate of discount from 5 per cent to 4 per cent. Bearing in chief Continental cities no v and for the pr evious three w e e k s m ind the large amount of money locked up in the Presidency have been as follows : treasuries, this lowering of the rate is a striking proof of the June 8. June 15. June 29. June 22. utter absence of demand for money. There is a rumor in Rates of India that the Government proposes to convert the 4 per cent Interest at B an k Open Bank Oper. Bank Op«f< B ank Open Rate. Marker Rate. Mark, t Rate. Marke R ate. Market rupee paper into a 3% per cent stock. It can do so by giving 2 2K 2« 2 m three months notice, and the rumor is so far believed that the Paris............... 2« 1« 2« 3 194 3 194 3 m 194 price fell from about 104% to a little more than 103%. But Berlin............... S3 3 3 3 194 194 Hamburg....... 194 194 there are doubts whether, when the premium is so small, the Frankfort....... 3 3 3 m 3 1% 194 m 2« 2« 194 conversion can be effected. Of course the Government has A m sterd am ... 2« 194 2« 194 194 3 3 3 3 194 194 194 194 a lar^e amount of monev locked up which it could use to pay Brussels ..... 4 4 3H Vienna............ 4 4 394 3« 3« off those who refused to convert; but if it did so, it would St. Petersburg. 5 « 5 5 5 5 5 « 5 « 5« 5 5 5 5 5 5 5 5 Madrid........... increase the circulation and help to defeat its own policy. 3M 3« 3« 3« 3« Copenhagen... 3)4 3« 3« The Jong-threatened coal strike in Scotland has broken out, Mesrs. Pixley Sc Abell write as follows under date of and very nearly 70,000 men are out of employment. Both «ides appear very determined, and it is feared that the June 28: ¡struggle will last longer than even the great strike in the Gold.—As reported a w eek ago, there h a v e again been dem ands for the Continent, w hich have absorbed som e of the arrivals. So far th is Midlands last year, which continued for over 4% months. has not caused any premium on Bank buying rates. The Bank h as The Miper»’ Federation of England is pledged to support the received £302,500. ' Arrivals—B om b ay, £79,000; Natal, £102,000; Chile, £5,000; total, £186,000. Shipm ents to Bom bay, June 21, Scotch miners, and it is understood that the employers in £12.500. Silver.—From 2 8 i5i6d., the nriee w e quoted last w eek, there has been .England will support the employers in Scotland. In fact it looks som e reaction, and although the demand has n ot been a bad one, ¡as if Scotland had been chosen by both sides as the battle sunplies have more than sufficed. To-day th e market is stead y a t i85sd. Arrivals—New York, £101,000; Chili, £41,000; total, £ 1 4 2 ,0 0 0 . field to determine whether wages are or are not to be lowered. Shipments June 21—Bombay, £120,350; Hongkong, £23,999; Shang £5,000; Calcutta, £22,500; total, £171,849. The quarrel arose out of notices served by the employers to j hai, M exican Dollars —There are no transactions in these coin to report, .reduce wages from 12% to about 20 per cent, or say, roughly, and the quotation is quite_nominal. Shipm ents to Penang, £ 2 0 ,0 5 0 . THE CHRONICLE, J uly 14, 1894.J The quotations for bullion are reported as follows: GOLD. June 28. June 21. London Standard. B a r gold, fin e... .oz. B ar gold, parting.oz S p an , doubloons, oz. U. S. gold coin .. .oz. "German gold coin.oz s. 77 77 73 76 d. s. 9H 77 9% 77 9 73 i h 76 76 i h 76 d. 9 9h 9 ih ih The National Bank of Kasson, Minnesota, by T Kasson, Minn., and his associates. SILVER. London Standard, June 28. June 21. d. B ar silver, fine. ..o*. 28% 28 15-16 Bar silver, containing 6 grs. gold..oz. 29 1-16 Cake silv e r..........oz. 30% M exican dollars..oz. 29% 29 5-16 31% 29% d. The following return snows the position of the Bank of England, the Bank rate of discount, the price of consols, &c,, -compared with the last three years: 1894. 1893 June 27. "Circulation............. ........................ Public deposits.............................. •Other deposits............................... G o v ern m en t se c u ritie s............... O th e r sec u rities........................... R eserve o f notes an d coin......... C oin & bullion, b o th d ep artm ’ts Prop, reserve to liabilities, .p. c. B ank r a te ........................p er cent. onsols, 2% per c e n t.................... S ilv e r............................................... Clearing H ouse re tu rn s............. . £ 25,442,695 8,554,036 34,569,547 10,131,408 20,088,206 30,671,101 39,313,793 70% 2 June 28. £ 26,624,295 7,378,969 32,159,316 11,208,017 20,200,109 19,944,713 30,119,008 50% 2h 1892. 1891. June 29. £ July 1. £ 26,696,610 7,629,583 31,737,231 11,255,920 28,335,790 17,572,007 27,818,647 47 7-16 26,458,990 6,869,684 35,171,769 9,941,733 31,812,949 18,245,211 28,254,201 43% 2 * J u ly 2. The following shows the imports of cereal produce into the United Kingdom during the forty-three weeks of the season compared with previous seasons: IMPORTS. 1892-93. 1891-92. 1890-91, 50,750,118 55,472,798 47,543,336 14,115,249 15,187,410 15,183,378 11,269,656 12,071,948 12,745,991 1,863,626 2,372,347 1,704,205 3,443,901 3,378,861 2,640,121 26,374,174 23,267,211 24,190,621 17,202,881 16,402,739 13,601,939 8. Slingerland, CORPORATE EXISTENCE EXTENDED. 2,179—The First National Bank of Colorado Springs, Colorado, u n til June 2 4 ,1 9 1 4 . IN LIQUIDATION. 251—The First National Bank of M ystic Bridge, M ystic, Conn., h a s gone into voluntary liquidation by resolution of its stockhold ers dated May 10, to take effect May 2 1 ,1 8 9 4 . 2,461—The Merchants’ National Bank of Deadwood. South Dakota, has gone into voluntary liquidation by resolution of its stock holders dated June 8 ,1 8 9 4 . INSOLVENT. 2,351—The German National Bank of Denver, Colorado, is in so lv en t, and w as, on Ju ly 6, placed in the hands of Zeph. T. H ill, B eceiver. 3,524—The State National Bank of W ichita, K ansas, is in solven t, and w as on June 29 placed in the hands of Cyras A. Leland, receiver. B o n d s H e l d b y N a t io n a l B a n k s .— The 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 public moneys in national bank depositaries on June 30. * th 101 3-16 98 11-16 98 9-16 95 11-16 28%d. 31%d. 40%d. 45%d. 98,354,000 100.670,000 109,503.000 158,450,000 1893-94 Itn p ortsofw h eat.ow t.53,689,994 H arley........................... 26,622,876 O a ts............................. 10,991,851 P e a s ........................... 1,999,694 B eans............................. 4.366,851 Indian corn ................... 29,885,465 F lo u r............................... 15,965,967 59 TT. 8. B onds H eld Ju n e 30, 1894, to Secure— Description o f B onds. Public Deposits i n B a n ks. Bank C irculation. Total H eld. Oarrency 6 s..................... 2 per cen ts......................... 4 per cen ts........................ 5 per c e n t s . . . . . . . . ........... $1,195,000 1,013,000 12,078,000 450,000 $15,292,000 22,711,850 153,837,950 4,849,950 $16,487,000 23,724,850 170,915,950 5,299,950 Total........... ................ $14,736,000 *201,691,750 $216,427,750 Ch a n g es in L egal Tenders and N a t io n a l B a n k N o t e s to July 1.—The Comptroller of the Currency has furnished us the following, showing the amounts of national bank notes June 1, together with the amounts outstanding July 1 Supolies available for consumption (exclusive of stocks on and the increase or decrease during the month; also the September 1): changes in legal tenders held for the redemption of bank 1893-94. 1892-93. 1891-92. 1890-91. notes up to July 1. W h ea t.................o w t.53,689,994 50,750,118 55,472,798 47,543,336 Im p irts Of flour......... 15,965,967 17,202,881 balJS o f h o m e-g ro w n .1 8 ,9 2 7 ,0 1 5 2 3 ,2 0 0 ,4 7 5 16,402,739 13,601,939 2 7 ,5 8 5 ,2 2 2 31,594^589 T otal..................... 88,582,976 91,153,474 99,460,759 92,739,864 1893-94. 1892-93. 1891-92. 1890-91. Aver, price wheat w e e i.2 3 s. l i d . 26s. 9d. 29s. 6d. 39s. Od. Average price, se a so n ..2 5 s. 8d. 26s. 9d. 34s. 2d. 34s. 7 d . The following shows the quantities of wheat, flour and maize afloat to the United Kingdom: Wheat.............. qrs. F lo o r , e q u a l do T his week. L a st week. 3,029,000 3,210,000 q rs. M a k e ................. q r s . 3 3 3 ,0 0 0 5 1 7 ,0 0 0 3 3 7 ,0 0 0 6 0 3 ,0 0 0 1893. 3,360,000 334.000 442.000 1892 2,440.000 275 00"> 737,000 E agiisli Financial m arkets—Per Cable. The daily closing quotations for securities, &c., at London ore reported by cable a3 follows for the week ending July 13 : London. Bnvar, per o z . . . ...........d •Consoni,new , 2% per ots. do for account......... F i ’j u rentes (inP aris)fr. U. 8. 4s of 19 0 7.............. Canadian Paolflo............ ■Calc. Mil. & 8t. P a u l.... Illinois C e n t r a l......... Lake S h o r e ................. Louisville & N a sh v ille.. -Mexican Central 4 s ___ N. Y. Central & Hudson. H . Y. Lake Erie &West’n do 2d con s............ N o 'folk &, Western, pref. NorthernPaolflo p ref... Pennsylvania................... P hil. & Read., per shaie Union Paoiflo.............. . Wabash p ref................... Sat. H on. Tues. Wed. Thnrs. F ri. 28 Hi, 28H 16 28Hxe 28% 28% 28% i o i ° i e 1015,6 1U1°XQ 101716 101316 10138 1013s 1013s 101% 101% lOlllxfi 100-80 100-75 100-80 100-75 100-75 00-82% N ational B a n k Notes— Amount outstanding June 1 ,1 8 9 4 .................. Amount issued during Ju n e............................. Amount retired daring Ju n e................... Amount outstanding July 1,1894.*. 65% 60 91% 131 44% 54% 99 34 13% 73% 65% 6038 92 131 45% 5434 100 13% 74 65% 60% 91% 131 44% 54% 100 14 74 65% 60% 92 131 45% 54% 99 14% 74% 60% 92 131% 45% 54% 99 14% 74% 14 49% 8% 11 14 13% 49% 7% 10% 13% 14% 4S3s 8% 11% 13% 13% 49% 8% 10% 13% 143s 4.9% 8% 11% 14 14% 49% 8% 11% 14% M ar. 1. 5 9 ,2 8 9 A p r. X. M ay 1. J u n e x. J u ly . X. * $ $ $ $ tnsolv’t bk8.. 1,574,814 1,660,578 1,589,575 1,572,783 1,496,261 Liquid’g bks.. 4,926,545 4,877,356 4,914,959 4,956,177 5,143,271 Eted’o’g undr. act of ’74..* 19,829,451 19,671,493 20,727,251 20,102,474 20,051,191 26.330,810 26,209,427 27,231,785 26,631,434 26,690,723 ' A odoI June 20,1874, and J u ly 1 2 ,1 8 8 2 . Coinage by U nited States Mints.—-The following state ment, kindly furnished us by the Director of the Mint, shows the coinage at the Mims of the United States during the month of June and the six months of 1894. Ju n e. S ix M onths. Value. Pieces. 68,257 323,239 193,672 $ 1,365,140 3,232,390 968,360 $ 1,912,704 38,254,080 1,956,851 19,568,510 210,283 1,051,415 35 87 585.203 5,565,977 179 466,179 1,325,000 350.203 179 233,090 331,250 35,020 431 3,840*431 4,993,252 750,455 Total silver............. 2,141,561 599,539 9,584,569 3,244,005 Five cen ts.................. One cent..................... 379 379 19 4 N a t io n a l B a n k s .— The following information regarding national banks is from the Treasury D epartm ent: Double eagles___. . . E agles......................... 4 .9 6 4 — The Citizens’ National Bank of M artinsville, Indiana. Capital, Half eagles................ *50,000. J. T. Cunningham, P resident; W. D. Frazee, Cash ier. Quarter e a g le s ......... 4 .9 6 5 —The Union National Bank of H untingdon, P en nsylvan ia. Dollars___. . . . . . . . . . Capital, *50,OOo. H . J. McAteer, P resid en t; R. J. Mattern, Total g o ld .............. Cashier. 4 .9 6 6 —The First National Bank of Lake City. Iow a. Capital, $50,000. Standard D ollars.... 8. T. H utchison, P resident: C. Korslund, Cashier. H alf d o lla rs.............. 4 .9 6 7 —The First National Bank of Alexis, Illinois. Capital, $50,000. Quarter d ollars....... Henry Tubbs, President; 0 . A. Tubbs, Cashier. D im es......................... RECENTLY ORGANIZED. $26,631,434 $ 1 ,1 1 4 ,3 8 5 1 ,0 5 5 ,0 9 6 According to the above the amount of legal tenders on deposit July 1 with the Treasurer of the United States to redeem national bank notes was $26,690,723. The portion of this deposit made (1) by banks becoming insolvent, (2) by banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the first of each of the last five months: D enom ination. APPLICATIONS TO ORGANIZE* NATIONAL BANKS. 108,625 Amount on deposit to redeem n ational bank notes Ju ly 1, 1894 .........:...... .......................... $26,690.723 * Circulation of National Gold Banks, not included in above, $93,937 <£pmm ereiai unti WCi$t£lVd\WQxx$ gem s The First National Bank of Washington, North Carolina, by A. M. Dumay, Washington, N. C., aud his associates. The National Bank of La Grange, Indiana, by Solomon Rose, La Grange, Ind., and his associates. The First National Baak of Dunoan, Indian Territory, bv M. W. Carrico» Fort Worth, Tex., aud his associates. ^ L. . 2 $207,150,682 $207,259,307 L egal Tender Notes— Amount on deposit to redeem n ation al bank notes June 1 ,1 8 9 4 . ......................................... Amount deposited during J u n e..................... Amt. reissued & bank notes retired in June. Deposits by— 65% 60 92% 131% 45% 55 100% 13% 75 $1,163.732 1,055,107 Pieces. Total m in o r. . . . . . . 758 23 Total co in a g e..__ 2.727,522 6,165,539 Value. 48 120 4,079,886 58,874,125 431 1,920,216 1,248,313 75,045 2,987,141 5,540,641 149,357 55,406 8,527,782 204,763 22,192,237 62,322,893 60 THE CHRONICLE. [V ol, LIX, I mports and E xports por thk W eek .—The following are F oreign Trade of N ew Y ork —Monthly Statement.—I n the imports at New York for the week ending for dry goods addition to the preceding tables, made up from weekly July 5 and for the week ending for general merchandise returns, we give the following figures for the full months, July 6; also totals since the beginning of the first week in also issued by our New York Custom House. The first state January. ment covers the total imports of merchandise. FOREIGN IMPORTS AT N EW YORK. For Week. 1892. 1891. D ry G oods....... Gen’l mer’dise. $1,977,053 6,661,701 IMPORTS INTO NEW YORK. 1893. 1894. $2,585,556 9,537,967 $2,612,947 10,249,403 $1,121,097 6,718,338 $8,638,754 $12,123,523 T o ta l........... Since Jan. 1. D ry Goods....... $61,937,244 $63,905,392 Gen’l m er’dise. 219,528,375 234,004,173 $12,862,350 $7,839,435 $76,339,506 $42,774,144 265,125,465 179,988,900 Total 27 weeks. $281,465,619 $297,909,565 $341,464,971 $222,763,044 The imports of dry goods for one week later will be found in our report of the dry goods trade. The following is a statement of the exports (exclusive of specie) from the port of New York to foreign ports for the week ending July 10 and from January 1 to d a te : EXPORTS FROM NEW YORK FO R TH E W E EK . 1892. 1891. F or the w eek .. Prev. reported. $7,792,489 $6,470,888 176,508,627 204,489,725 1893. 1894. $9,791,342 176,157,504 $6,388,536 187,392,425 Total 27 weeks. $182,979,515 $212,282,214 $184,948.846 $193,780,961 The following table shows the exports and imports of specie at the port of New York for the week ending July 7 and since J a n u a r y 1,1894, and for the corresponding periods in 1898 and 1892: EXPORTS AND IMPORTS OF SPECIE AT NEW YORK. Im ports. Exports. Gold. G reat B ritain............ France.......................... Germ any— - ............. W est In d ies................ South Am erica.......... All other cou n tries.. T otal 1 8 9 4 ........... Total 1893........... Total 189 2 ........... Silver. Week. Since Jan . 1. $14,588,800 $750,000 15,357,999 350,000 26,450,000 1,090,000 11,990,300 47,205 511,585 25,800 851,785 Week. Since Jan. 1 $46,470 970,018 41,881 $1,685,644 6,178,846 1,659,567 618,557 28,813 55,585 414,119 7,582 79,669 $2,215,800 $69,797,674 $1,121,536 $10,665,215 2,000 68,674,475 1,151,515 7,098,988 1,936 6,281,051 1,303,921 44,712,913 Exports. Im ports. Since Jan. 1. Week. Week. Since Jan. 1. $243 Germ any..................... W est In d ies................ M ex ico ......................... South A m erica........... All other cou n tries.. $453,700 $17,038,851 201,000 139,100 120,316 16,000 37,835 687,956 36,411 " 2 ,2 9 0 243 194 $9,768 99,041 1,309 282,530 142,620 263,796 27,609 Total 18 9 4 ........... Total 1 8 9 3 ........... Total 1892........... $469,700 $18,261,469 1,061,070 15,730,123 449,551 12,145,032 $2,970 29,984 289,725 $826,673 2,130,814 1,118,302 G reat B ritain............. 1893-94. Month. 1892-93. Dry Goods. General Mereha/nMse. Total. Dry Goods. General Merchan dise. Total. 9 9 9 9 9 9 J u ly .............. 13,318,391 27,303,538 40,621,929 10,647,408 29,27*0,898 39,918,295 9,036,188 27,419,045 36,455,233 14,160,961 31,447,888 45,608,849 A u g u st........ S ep te m b er.. 7,193,336 18,874,404 26,067,740 10,627,801 30,958,792 41,586,503 5.795 631 27,360,894 33,156,525 12,274,605 31,813,021 44,087,626 O c to b e r . . . . 4,497,140 26,384,962 30,862,102 8,312,459 34,800,644 43,113,103 N o v em b e r.. D e c e m b e r.. 4,97iJ,ÖÖd 28,215,063 33,218,729 11,197,286 31,291,016 42,488,302 J a n u a r y .... 8,976,930 26.993.965 35,970,895 18,370,078 38,477,843 51,847,921 8,355,097 23,821,975 32,177,072 14,002,275 31,850,453 45,852,728 F e b r u a r y ... 7,561,718 35.517,997 43,079,715 12,897,876 44,457.928 57,355,804 M a rc h .......... A p ril............ 8,044,653 29,239,646 37,284,299 10,214,034 37,724,873 47,988,907 5,013,252 30,257,420 85,270,672 10,997,095 35,263,882 46,260,977 M a y ---------8,701,397 27,447,542 31,148,989 7,245,201 35,254,887 42,499,486 J u n e . ........... T o t a l.,. 86,467,899 328.866,451 415,333,850 140,947,074 407,611,519 548.558,593 EXPORTS FROM NEW YORK. CUSTOMS RECEIPTS. A t New York. Total Merchandise. Month. 1893-94. J u ly ....................... A u g u s t............... S e p te m b e r.......... O c to b e r................ N o v e m b e r........... D ecem b er........... J a n u a r y ............. F e b r u a r y ......... M a rc h ................... A pril..................... J u n e ...................... $ 32,651,140 35,045,433 32,998,412 31,126,356 31,472,483 31,208,080 80,037,691 27,394,451 31,301,980 27,990,338 28,086,944 30,032,539 1893-94. 1892-98. ¥ 28,263,673 J u l y ............. 30,781,807 A u g u s t....... 26,911,052 S ep te m b er. 31,338,003 O c to b e r.... 33,478,750 N o v e m b e r.. 32,928,158 D ecem b er.. 24,801,864 J a n u a r y . . . . 22,769,856 F e b r u a r y ... 27,902,594 M arch ......... 26,765,137 A p ril........... 30,767,496 M ay............. 31,773,627 J u n e ............; 1892-93. 9 9 10,220,988 8,188,589 7,964,784 7,537,621 6,314,546 5,646,395 8,315,655 7,424.174 7,448,490 6,733,598 6,238,318 5,181,443 12,304,197 13,179,931 11,342,120 10,339,857 9,951,430 10,571,142 15,291,902 12,439,460 12,805,884 9,717,453 9,969,280 9,337,791 87,214,601 137,250,465 T o ta l.............. 369,346,347 347,482,017 — The committee of the first mortgage bondholders of the St. Joseph & Grand Island Railroad Co., Frederic P. Olcott, Chairman, calls the attention of bondholders to the necessity of depositing their bonds immediately. After July 81st de posits will only be accepted subject to such penalty as may be determined. The committee states that the hopes of a suc cessful contention of the bondholders’ rights at the hearing which is to be had before the United States Circuit Court at St. Paul on the 19th inst. would be strengthened by the im mediate efforts in aid of the committee. Auction Sales.—Among other securities the following, not Of the above imports for the week in 1894 $49,981 were American gold coin and $194 American silver coin. Of the regularly dealt in at the Board, were recently sold at auction s exports during the same time $1,130,800 were American gold By Messrs. R. V. Harnett & Co. : coin. Shares. Shares. City R ailroad S ecurities—Brokers’ Quotations. B id . A sk B id . A sk . D. D. E . B . & B a t’y —S t k . . 132 1 s t, g o ld , 5s, 1 9 3 2 ..J & D A lla n . A v e ., B ’k ly n — 103 G en . M . 5s, 1 9 0 9 ...A & O 105 I m p t . 5 s , g., 1 9 3 4 ...J & J B le e k . S t. & F u i. F .—S tk . 108 B ’w a v & 7 th A v e .—S to c k . 180 1 s t m o rt.. 5s, 1 9 0 4 . J & D 106 106 B ’w a y 1 s t, 5’s , g u a r.1 9 2 4 106 2 d 5s, in t . a s r e n t ’1-1905 103 C o n só l 5», 1943___J & J 108 B ro o k ly n C ity —N e w » tk . 169 111*4 B ’k ly n C r ô s s t’n 5 s . 1908 105 14 C e n t r a l C ro s sto w n —S t k .. 150 115 fieri. P k . N.& E .R iv .—S tk 150 ” C onsol. 7s, 1 9 0 2 ....J & D C h r is t’p ’r & 1 0 th S t.—S tk . 145 1 s t m o rt., 1898 — A & O 105 110 E ig h th A v e n u e —S to c k .. . . 30 42d & G r. S t. F e r .—S to c k 4 2 d S t.& M an .& S t. N . A v . 184 1 s t m o rt. 6s, 1 9 1 0 ..M & S d m o rt, in c o m e 6 s .J & J H . W . S t. & P , F e r —S tk . 1 s t m o rt., 7 s, 1894. .J & J 108 H L o n g I s la n d T r a c tio n ....... M e tro p o lita n T r a c tio n ... 170 N in th A v e n u e ............ ....... 113 S eco n d A v e n u e —S t o c k ... 1 s t m o rt., 5 s, 1909.M&JS 16 S ix th A v e n u e —S to c k ........ T h i i a A v e n u e ...................... 1 s t m o rt., 5s, 1 9 3 7 .. J & J 155 T w e n ty -T h ird S t.—S to c k . D eh. 5 s, 1 9 0 3 .................... 2 120 137 110 112 100 102 250 100 105 300 50 55 110 112 55 200 10 t 14% 14% lliJ 116 139 115 132 135 102 198 183 115 290 100 183“ —... N. Y. and Brooklyn Gas Securities—Brokers’ Quotations. G A S C O M P A N IE S . B id . A sk . B ro o k ly n G a s -L ig h t.......... 103 107 105 C e n t r a l............... C o n s u m e rs ’ ( J e r s e y C ity ). 59 ' 6 2 " 85 60 C itiz e n s ’ (B ro o k ly n ) ........ ..... J e r s e v C ity & H o b o k e n .. 180 M e tro p o lite n —B o n d s __ __ 105 M u tu a l ¿N. Y . .................. 150 155' N a s s a u ( B r o o k ly n ) ........... lö o “ 7Ö P e o p le ’s (B ro o k ly n ). G A S C O M P A N IE S . P e o p le s ’ ( J e r s e y C ity )— M e tro p o lita n (B ro o k ly n ). W i l l i a m s b u r g ...................... B o n d s , 6s ............. ........... F u lto n M u n ic ip a l............... B o n d s, 6 s ........................... E q u i ta b l e .............................. B o n d s, 6 s........... ................. S ta n d a rd p r e f . . . . . . . . . . . . . C o m m o n .................. B id . 170 130 138 104 125 105 180 100 80 25 A sk . 135 145 ...... 184 30 25 Importers’ & Traders’ National B a n k ............. 557 10 Highland Mineral Spring Water Co........................ $5 lo t. B onds. $1,000 M ontclair Club 2d 6s, 1909. A.&Q.......................... 55 By Messrs. Adrian H. Muller & Son : Shares. 150 N. Y. & West Va. Coal & Iron Co......... ................... $2 5 0 lot. 250 P ine Mountain Iron & Coal Co_______.....$ 1 0 0 lot. 100 German-Amer. B a n k .. . U S 1* 10 Lawyers’ Title Ins. C o..1 3 6 25 Tradesmen’s Nat. B ank. 75 B onds. $5,000 North. Pao. Term. Co. of Ore. 1st 6s, 1933. J.&J. July, 1894, Coup, attached. 88 $10,000 Jersev City 7 s Water Scrip, 1913.' M.&N.............1265s Bonds. $30,000 B ’w ay & 7th A venue RR. 5s, 1904. J.&D. ........108 *4 $22,000 Dry Dock E. B ’way & Batt. RR. Geni. 5s, 1932. J.&D.............................. .......... 109*4 $3,000 N. Y. & N. J. Teleph. Co. 5s, 1920. M.&N........... 99% $17,000 Kinderhook & Hud son Ry. Co. 6s, 1909............ 25 $5,000 Butte City Water Co. of Butte, Mont., 6s, 1 9 2 1 .. 7 0 $6,000 The Southern Land Imp. Co. 1st 6s, 1897...... $50 lo t . % 'ä u M u Q a u  J Ç tn a tïJ C ia l. S amuel D. D avis & Go., BANKERS, 127 —The time for depositing Western New York & Pennsyl vania stock for payment of assessment expires on July 14, after which a penalty of per cent will be exacted. Over 75 per cent of all the stock has already paid the assessment, and Over 95 per cent of the second mortgage bonds have been de posited under the plan. Foreclosure will be proceeded with immediately. 7 Jersey City Insur. Co. (Jersey City)................... 76 5 Bank of Montclair, N. J .1 9 5 32 Southern Loan & Trust Co...................................$13 lot. 50 Corn Exchange B a n k ...2 8 4 N O . 4 0 W A L L S T ., N E W Y O R K . Samuel D. D avis . Chas . B. V an N ostrand. S pencer T rask a C o ., BAN K ER S, 10 WALL STREET, NEW YORK. State and James Streets, Albany. B o n d s a n d S to ck s B o u g h t a n d Sold o n C o m m issio n . D e a le rs in S te te , C ity a n d R a ilro a d B o n d s. O o rresp o n d en ae in v ite d . J uly THE CHRONICLE. 14, 1894. J 3pxje jan k ers’ (gaiette. DIVIDENDS, Name o f Company. When P er Cent. Payable. R a ilro a d s . 21« H ancock & Calumet...................... 31« l Huntingdon & Broad Top. pref.. 2ifl5 do do com .. 1 Long Island (q u a r .)..................... 5 Mill Creek & Mine H illNav.& RR. Mount Carbon & Port C arbon... $2 90 3 Northeastern of S. C ................... 21« P hila.& Trenton guar. (quar.)... 21« Schuylkill Valley Nav. & RR— 21« Unit. N. J. RR.&Can.guar. (quar.) F ire In s u ra n c e . Broadw ay.............. ............... Citizens’ ............ ................ Continental............ ............... Farragut................ - ............. O -erm an -A m erican ...... . . . G erm ania........... .................... G reenw ich........................... . K ings County (Brooklyn). N assau (Brooklyn?).............. Niagara................................... P acific.................. ............. Pfienix (Brooklyn).............. S tu y v esa n t............................. 5 31« 7-70 3 10 5 5 6 5 5 5 5 3 H enderson B ridge............... Maryland Coal pref............ 2i« 1 m is c e lla n e o u s . Books Closed. (D ays inclusive.) to June 3 0 July 3 0 . 1 Aug. July 12 July 122 July July 10 July 12 July 10 1 July Aug. 5 July On dem. On dem. 1 July 3 July July 10 On dem. 2 July 5 July On dem. On dem. 2 July Aug. July to to to to to to 26 — — — — — — — — — — — to Ju ly 31 to ---------t o ---------t o ---------t o ---------to ---------to ---------to ---------to — ----t o ---------t o ---------t o ---------to ---------- 61 To-day’s actual rates of exchangee were as follows: Bankers’ sixty days sterling, 4 87@4 87%; demand, 488@4 88%j cables, 4 88%@4 88%. Posted rates of leading bankers are as follows: Sixty Days. J u ly 13. Prime hankers’ sterling bills on London.. Prime c o m m e r c ia l........... . . . . . . . . . . . . . . Documentary commercial............. ............ . Paris bankers (francs)................................... Amsterdam (guilders) b a n k e r s ............ Frankfort or Bremen (reichmarks)b’nkers 4 4 4 5 Demand. 4 89 87G ® 4 88 86 1a@4 86% 86 ®4 86% 17ifi®5 167b 5 15°8®5 U 40389407, 403,6® 40% 9538®957i6 The following were the rates of domestic exchange on New York at the under-mentioned cities to-day: Savannah, buying par, selling % premium; Charleston, buying par, selling % premium; New Orleans, bank $1*50 premium; commereial 80c. premium ; Chicago, par ; St. Louis, 50c.@75c. per ,000 discount. United States Bonds.—Government bonds h» ve been quiet but steady, with the tendency slightly upward. Sales at the Board this week amount to $56,900 4s and $31,000 coupon 5s. Quotations are as follows: 1 July 21 to Aug. 1 11 Ju ly 11 to Ju ly 12 WALL STREET, FRIDAY, JULY 13. 1 8 9 4 -5 P. M. The Money Market and Financial Situation.—Business on the Stock Exchange for the week now closing has been in fluenced more or less by the great boycott in the West. But that the value of railroad securities should have been dis turbed so little by the condition existing there is a matter of some surprise, and it furnishes evidence that those values have now reached a point where they are believed to rest upon a comparatively solid foundation. Interest J u ly Periods 7. J u ly 10. J u ly 11. J u ly 12. J u ly 13. 2 s. -___________ reg. Q.-Moh. * 96 * 96 * 96 * 96 ‘ 96 * 96 4s! Ì 9 Ó 7 ... .........reg. Q .-Jan . 1131« 1133s *11338 1131« 1133i *1131« 113% 11331 *1135s 113% 114 4s| 1 9 0 7 . . . . . . . . coup. Q .-Jan. 114 5s! 1904...............reg. Q,.- Feb. *11778 *117% *11778 *11778 *11818 *11814 5s, 1904............ coup. 0 - Feb. *1177s *1173i 11818 *117 78 118*4 118% 6s’. our’evf’9 5 ....r e g . J . & J. *101 *101 *101 ,*101 *101 *101 6s, our’cy!’9 6 ___reg. J. & J. *104 *104 *104 ,*104 *104 *104 6s! our’cy!’97 ___reg. J. & J. *107 *107 *107 ‘ 107 . *107 *107 6s, our’ey!’98 ___reg. J. & J. *109 *109 *109 1*109 *109 *109 6s! our’ey!’99 — reg. J. & J. *112 *112 *112 1*112 *112 *112 w*» cade. ‘TM sis tb e price bid at th e m orning Hoard: no United States Sub-Treasury.—The following table shows Date. R eceipts. P aym en ts. $ 3,256,689 4,415,101 3,004,030 3,230,404 2,534,448 5,362,610 $ 3,078,522 3,848,626 3,600,065 2,578,502 2,483,662 3,981,943 Total 21,803,282 19,571,320 July 7 3 io £“ a13 the whole community. The prompt and vigorous acti< President Cleveland did much to restore confidence, and on Wednesday the news was so reassuring that quotations on the Stock'Exchange were stronger and the recovery was marked. Crop reports continue to be favorable, especially of corn and as stocks of merchandise are generally very light throughout the country, the prospect of better railroad earn ings is good. The decline in foreign exchange here, and the better senti ment in London as to the temporary character of our railroad boycott, and the determination of our Government to sup press disorder at all hazards, have also been good features the past few days. The open market rate for call loans during the week on stock and bond collaterals has been 1 per cent, all the busi ness being at that figure. To-day rates on call were 1 per cent. Prime commercial paper is quoted at 8 to 3% per cent. The Bank of England weekly statement on Thursday showed a decrease in bullion of £395,010 and the percentage of reserve to liabilities was 65'91, against 63'63 last week; the discount rate remains unchanged at 2 per cent. The Bank of France shows an increase of 14,300,000 francs in gold and a decrease of 7,475,000 francs in silver. The New York City Clearing-House banks in their statement of July 7 showed an increase in the reserve held of $1,146,500 and a surplus over the required reserve of $72,134,725, against $74,803.350 the previous week. J u ly 9. Coin. $ 81,675,621 81,667,564 81,537,358 80,738,774 80,648,816 80,611,916 Balances. Coin Cert’s. Currency. $ 1,084,112 1,306,949 1,411,375 1,536,365 1,629,772 1,541,976 $ 51,557,007 51,908,702 51,337,947 52,663,942 52,711,280 54,216,543 State and Railroad Bonds.—The sales of State bonds a t the Board have been limited, including $12,000 Tenn. settlement 3s at 78% to 79 and $37,000 Virginia 2-3s of 1991, at 58%. Railroad bonds have been somewhat unsteady in view of the general condition. Pressure to sell in the early part of the week caused a corresponding weakness in prices, but more hopeful news as the week advanced has restored confi dence. Atchisons have been most active; the comparatively large sales of first 4s on Wednesday failed to reduce the price, which has remained within a fraction of 75, closing at 74%. Other active issues have included Reading 1st pref. incomes at 28 to 29, closing at 29}4; Chic. Rock I. & P. ext. 5s at 100% to 101%, closing at that, and the various Northern Pacific issues, the 2d and 3d morts. being the subject of contest be tween two committees for control ; to-day there were con siderable sales of lsts, closing at 107% for coupon bonds. In this company and many others the plain ques tion will be presented to bondholders whether the per manent fixed charges shall be reorganized on the basis of earnings made in the disastrous year 1893 94. It is pos sible, however, to give securities a first claim on in come if earned, without being a positive obligation every year, and if bondholders can only be assured of receiving what a road earns they can not get any more out of a prop erty. The main thing is to have the assurance made doubly sure, so that no prior lien can afterward be placed ahead of their securities, in whatever form they may be issued. * Railroad and Miscellaneous Stocks.—The stock marke 1892. Differ en’8from 1894. 1893. has been dull throughout the week. The industrials have J u ly 9. J u ly 8. Prev. week. J u ly 7. been most active, as usual, and have shown the widest fluctu $ $ $ $ 60.422.700 60.372.700 ations. The effect of the new tariff (in case we have any) re C apital.................. 61.622.700 71.594.800 68.260.700 mains a matter of uncertainty as to sugar, and the American S u rp lu s................ 72.145,800 Loans & dise’n ts. 483,753,500 I n c .13709400 418,685,900 492,187,400 Sugar stock sold on Monday down to 94% and on Wednesday 5,515,400 up to 99%, closing at 99 to-day. Chicago Gas has ranged 5,71 },300 10.334.700 In c . 646,700 C ircu lation . . . . N et deposits........ 588.598.300 I n c .15260500 398,679,300 530.730.700 S p ecie................... 91, 23,<'00 Deo. 1,263,400 61.703.700 90,675,200 between 78% and 72% ex. div., closing at 76%. The decree L egal tenders___ 128.061.300 Inc .2,409,900 32,884,100 57,584,500 has been made in Chicago and the insiders have estimated its R eserve held....... 219.284.300 Inc .1,146,500 94.587.800 148.259.700 probable effect upon the stock. Of railroad stocks the largest L egal reserve___ 147,149,575 Inc .3,815,125 99,669,825 132,682,675 sales have been of C. B. & Q. at from 73% to 76, closing at 75 ; St: Paul at 58% to 60, closing at 60 ; Rock Inland at Surplus reserve 72,134,725 D ee.2,668,625 Df.5082,025 15,577.025 65% to 67%, closing at 67%; Reading at 15% to 17%, closing at Foreign Exchange.—The demand for foreign exchange has 17%. These figures show how comparatively slight has been been limited this week, but the offerings of commercial bills the influence of the great railroad strike in the West upon the were also small in consequence of the interruption to trade roads most affected thereby. Pullman stock has been dealt by the strike. There has been an indisposition to draw in moderately between 152 and 158%, at which it closes. Gen against future shipments of cotton, and bankers’ rates were eral Electric has m et'with a fair business the past two weeks, firm, with a slight advance early in the week. It is reported under the reports of new and valuable contracts for work th a t some sterling loans have been made here, and this, with made by the company, and the price is steady around 37%. better news from Chicago and the prospect of iarger mer Distilling & C. F. sold down to 21% this afternoon on re chandise shipments, has produced an easier tone lately and ports of* a tax of $1 per gallon only, but closed at ,22%. slightly lower quotations. ^Continental exchange was rather Among the unlisted, Tobacco closes at 89 against 87% last stronger than sterling. Thé shipments of gold for the week week; Lead at 38%, against 38%, and L. I. Traction at 14%, against 14%. amount to $600,000. 62 THE CHRONICLE, rvoL. Lix, NEW YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending J U L Y 13, and since JAN, 1, 1891, HIGHEST AND LOWEST PRICES. Saturday, J u ly 7. Monday, Ju ly 9. Tuesday, Ju ly 10. W ednesday Ju ly 11. Thursday, Ju ly 12. Friday, Ju ly 13. STOCKS. Sales of the Week, Shares Range for year 1894. Lowest. H ighest. A ctive R II. Stocks. 5k 5 5 51 6 5 51 4 5% 53s 5% 5k 5 5% Atchison Topeka & Santa Fe 5,643 4% June 23 16 Mar. 14 % l 1“2 '% l 18 *% 118 *7S lk 150 78 7 *73 1 A tlantic & Pacific..................., % Jan. 2 1% Mar. 2 8 71 71 70 7138 *70 7 l i 2 *70 71 70% 70k *70 71% Baltimore & O hio................... . 605 67 Jan. 2 81% Apr. <£» *63% 64k 63% 63k2 64% 6418 *63% 64 1 *63% 645 65% 65% Canadian P acific..................... 235 62!% June 11 73% Jan. 1 8 *48 49 48% 4831 285 47 Jan. 3 52% Mar. 31 Canada Southern______ ____ 106% 10*84 108 108 *107 IO71 a 106% 106k *106% 107 108% 108% Central of N ew J ersey .. . . __ 305 104 Mav 31 117% Mar. 8 16% 16k 16% 16k1 16% 16ki '1 6 17 16% 16% Chesapeake & O hio................. 16% I 6 7 1,408 16 May 21 20% Apr. 7 *138 142 *138 142 *138 142 *138 142 *138 142 *139 142 Chicago & A lto n .....................J 130 Feb. 12 142 Ju ly &-■ 74% 75k 7 4 78 76 73% 743 i 7 3 78 753 74% 75% Chicago Burlington & Quincy 77,298 73% Jan. 3 84% Mar. 21 74% 75 Chicago & E astern Illin o is.. 52 June 1 55 Feb. 27 93 May 23 97 Jan, 18 Do pref. 58% 5 9 3j 58% 593 8 58% 59 7f 59% 59k 58% 59k 59% 60 Chicago Milwaukee & St. Paul 66,220 54*4 Jan. 3. . 65% ATO. ff *117 119 116% 117k *117% 119 119 119 118 1187f 119% 119% _ 311 116 Jan. 123% Mar. 13 Do pref. 104 104% 10334 104k 103% 104 104 105k 104% 1053f 105% 105% Chicago & N orthw estern___ 4,400 97 Jan. 11038 June 7“ *140 143 140 140 *137% 142k *138 142k *140 142k *140 142% 150 135% Jan. Do pref 145 Apr. 9 66 6 6 % 60 % 66 ^ 65% 67k 65% 66 k 66 % 6 6 % 6678 67% 20,331 61% Jan. 723s Apr. 7 ' 35 35 *35 36 35 35% 35% 35k 34% 35k 36 36 1,475 32% Jan. 4138 Apr. 7 116 116 114% 114k *114 116 *114 116 *114 117 *115 117 410 10938 Jan. Do pref. 116 Apr. 16 34 36 34% 3 4 7f 35 35 *35 36 35% 36% *35 36 e. Ci] 1,245 31 Jan. 10 413s Mar. 19 t. L ... Do 78 Jan, 18 88 May 12; pref. 16 16 16 16 *15% 15% 15% 15% *15 15% 15% 15% 410 15 % July 11 20 78 Mar. 31 <te To] *60 66 *60 66 *60 66 *60 66 *60 66 *60 66 Do 57% May 23 66 Jan. 12 pref. 1 2 6 34 127% 126% 126% 127% 128 128% 129 12934 129% 129% 129% 2,080 126% Ju ly 9 144% Apr. 7" *158% 159% 158% 159 *158% 159k 159% 159% 159% 159% 159% 160% 2,827 158 May 21 170% Jan. 16*8 10 *8 10 7 9% June 6 1178 Apr. 1 625 25 25% 26 25% 25% 26% 27 *26 27% Do 801 24 Ju n e 22 34% Apr. 11 pref. •*6 *6 7 7 *5% 7 6 6 *6 *6 7 7 : 100 II38 Jan. 19 6% May 2 4 *1 1 % 14 *11% 14 *11% 14 *11 *11 13 *11 13 13 11% June 23 13% June 2 2 ; *6% 8% '6% 8% *6% 8% *7 ‘7 9 *7 9 9 4*2 Mar. 28 8 May 24 *51 *51 55 55 53 53 *51 53 53 *51 55 55 383 53 Ju ly 6 68 Apr. 20* *100% 104 *100% 104 102 102 *100% 104 *100% 104 ....... 65 100 Jan. 4 106 Apr. 9 *89% 90% 89 90% 89% 89% *89% 90% *89% 90% *89% 90% 391 89 Ju ly 9 95 Mar. 29 *9 9% 9 9 *8% 9% *8% 9% *8% 9% 9 9 200 6 Jan. 2 11% Apr. 3 32 32 *30 33 *30 33 *31 *30 33 *30 33 33 Do 100 23% Jan. 4 39% Apr. 9 pref. 15% 15% 15% 15% 15% 15% *15% 16% *15% 16% *15% 16% 5Eri< 600 13% Jan. 12 173s Mar. 30 *65% 67% 65% 65% *65% 67% *65% 67% *65% 68% *65% 68% Do 10 63 Jan. 3 70 Mar. 31 pref. 128% 128% 127% 128 1273sl28% 1 2 i 129 128% 129 129% 130 ] 2,620 118% Jan. 3 133% June 2 0 *87 88 88 90 *86% 89 *87 89 87% 87% *86 89 ] 304 87 May 22 100 Jan. 2 43% 44% 43% 44% 43% 44% 43% 4:4:% 44% 44% 44% 45% ] 10,724 40% Jan. 12 525s Man:. 31 *7 7 7 7% 6% 6% *6 *6 7 *6 7 7 ] 225 6 June 5 10 Jan. 22; *20 19 20 23 19% 19% *19 21 21 22 23% 24 Do 985 19 Ju ly 9 40 Jan. 6 pref *1% 5 *1% 5 *138 5 *1% 5 *1% 5 ] *1% 5 13s Apr. 2 1% Feb. 7 114% 114% 114% 114% 114 114% *114% 116 *115 116 *115 116 B 685 113 May 23 12738 Apr. 26-: 9 4 % 95 93 93 *__ 95 *93% 95 I *93 25 95 June 29 1003s Feb. *7% 9 7% 7% 7 7% 7% 8 8 7% 7% 7 b 420 7 July 13 13% Apr. 7' *24 31 25 25 *25% ......... *25 30 *25 *25 30 30 Do 100 25 Ju ly 3 38% Apr. 9« pref. ,tr. rects *12% 13 12 12 *12 12% *12% 12% 13 *12% 13% B ouri 13 1,130 12 June 23 165s Apr. 7 sas & T exas__ *19% 20% 19% 19% 19% 19% 20% 20% 20% 20% *20% 21% Do 410 18% June 25 27% Apr. 9 pref 25% 25% 25% 26% 25% 26% 25% 27 26% 26% 26% 27 B 12,990 18% Jan. 5 32% Apr. 7 *18 20 *18 20 *18 20 *18 *18 20 *18 20 20 B 15% Jan. 3 22 May 15* *65 72 70 Jan. 19 74 Apr. 18 95% 96% 95% 96% 96 96 97 96% 96% 96% 97 97% > 4,046 95% May 24 10178 Mar. 3 0 *13% 14 *13 14 *13 14 *13% 14 13% 13% *12% 14 h 200 13% May 22 16% Apr. 9 68 *60 68 62 62 62 62 *60 '6 0 68 68 Do 21 64 May 21 75% Feb. 3 1st pref. *25 28 *25 28 *25 28 *25 *25 27 26 26 28 Do 100 26 July 12 34% Apr. 2 2d pref. 13% 13% 13% 13% 13% 13% 13% 13% 13% 14 14 14% 5 4,845 11% June 25 185a Mar. 2 8 & West’n 24 28 27% 28 29 28% 28% 28% 28% 29 Do 381 25% May 21 39% Mar. 27 pref. *81s 9 9 9% 9 9 9 9 9% *9 9% 9% 5 800 11338 May 19 ||14% Jan. 23.. *175 180 *177 182 178 180 *177 182 *177 183 JS 52 178 Ju ly 11 195 Mar. 15 5% May 24 6 Apr. 2 6 *14% 14% 14% 14% 14% 143s 14% 1434 14% 15 *14% 15% N 749 14 June 25 173s Apr. e 1& Western 13% 13% 14 14 13% 13% *13% 14 13 78 13 78 14% 14% B 165s Mar. 14 725 135s Ju ly '37% 39 *38 39 39 “38 39 39 39 39 *38 39 Do 180 36 May 21 46% Mar. 5 pref. .........Ï oik & 7% Apr. 3 55 4 J uly 3 3% 3% *191^ 20 19% 19% *19% 20 I0 *18% *19% 20 Do 15 1758 Jan. 19 26 Apr. 9 pref. 3% 3% 3% 3% *3% 3% 3% 3% 3 % 3 % *3% 3% N 510 6% Mar. 2 0 3% June 22 13% 1334 13% 13% 13 7s 14 14% 14% 14 14 14% 14 Do 3,275 12% May 21 233s Mar. 3 0 pref *20 40 *20 24 *20 *20 40 40 C *20 40 *20 40 *12 *12 20 20 *12 20 *12 *12 20 20 O 10 June 20 30 Mar. 7 *4% 6 *4% 6 *4% 6 *4% 6 O *4% 6 4% Jan. 2 10% Apr. 6 3 *2% 3% *2% 3% 3 3 3 *2% 3% *3 3% P 3 June 23 5 %Mar. 31 310 15% 16% 15% 16% 16% 16% 16% 17% 17 17% P 17% 17 18,000 14% May 21 23% Mar. 14 *10 11 *10 11 *10 11 *10% 11 10% 10% 10% 10% P 220 10% July 12 15% Apr. *43 43% 43 43 *42% 43 42% 43 *42% 43% 43 43 Do 408 42% July 13 53 Apr. 7 pref. 11 11% 10% 1 L% 11 11% 1L% 11% 11% 11% li% 11% R ¡V.P. 8,303 112 Jan. 15 11% June 8; r. r.4 th a sst.p c 17 *16 18 17 *16 Do *16 18 *16 18 18 *16 18 50 12% Feb. 7 18% Anr. 6 pref. tr. rects. 15 Feb. 1 15 Feb. 1 Do pref. *3% 4% *3% 4% *3% 4% *3% 4% *3% 4% *3 4% St 4 Jan. 4 5% Apr. 5 . '7% 8 Do 7 Ju ly 11 11 Apr. 5 *7 »8 300 *7is pref. *22% 26 *22% 26 *22% 26 *22% 26 St. P aul & DulUth. *22% 2 i *22% 26 22% Jan. 18 27 Apr. 2 3 *87 92 92 *87 *87 95 92 *87 *87 95 *87 95 88 Jan. 8 95 Mar. 29 Do pref. *102 *102 103 103 *102 *102 *300 St. P aul Minn. & M anitoba... 75 100 Jan. 6 107 May 5 18 18% 18 18% 17% 17% 18 18% 1 7 78 18% 17% 18 Southern Pacific C o ............... 1,891 17% Ju ly 10 25 Mar. 1 4 8% 8% *8% 8% 8% 8% 8% 8% 8% 8% 8% 8% Texas & Pacific......................... 7 Jan. 2 10% Apr. 51,550 *3 *3% 5 5 *3% 5 '3% *3% 5 Toledo Ann Arbor & N. Mich. 3% 3 k 5 3% July 10 11% Apr. 3 100 *34 37 *34 37 *34 *34 *34 31 *34 35 34% J u ly 2 38 Jan. 30Toledo & Ohio Central............. 35 35 *70 *70 75 75 *70 *69 *65 75 *69 75 75 75 Jan. 2 75 Jan. 2 75 Do pref. 10% 10% 10% 11 10% 11 Union P acific............................ 9 June 25 22% Mar. 31 11 1 0 78 1 0 % 10% 1 0 % 11 3,585 *3 4 *3 3% *2% 3% *3% 4 Union Pacific D enver & Gulf. 3% June 27 3% 3% *3% 4 100 6% Mar. 29 6 6 *5 7 5% 5% 8% Apr. Ô» 6% 6% *5% 6% Wabash................... .................... 5% Ju ly 10 6 1,035 6% 13% 13% 13% 13% 13% 13% 13% 14% 14 14% 14% 14% 3,264 12% Jan. 2 18% Apr. 9* Do pref. 10% 11% 10% 11% 9% May 18 1378 Apr. e2,650 9% 1 0 % 10% 10% 10% 10% 10% 10% Wheeling & Lake E rie. . ......... 43% 43% 42 43% 41 42% 42% 42% 42% 42 s4 42% 42% 1,430 41 Ju ly 10 51% Apr. 2 Do pref. 8% Apr. & *4 5 *4 5 *4 *4 *4 4% Wisconsin Central Company. 6% May 11 5 5 4% *4 M is c e lla n e o u s S to c k s . 27 27 27 27 26% 26% 27 27% *27 27% 27% 27% American Cotton Oil Co....... . 860 26% Mar. 2 32% Mar. 30 *69 70% 69% 70 *68% 70 *68% 70 *69 70 70 70 190 63 Jan. 2 76 May 3 Do pref 94% 95% 94% 97% 95% 97 96% 99% 97 99 97% 99% American Sugar Refining Co. 235,320 75% Feb. 1 109% May 4 91 91% *91 92 91% 91% 93% 94 92% 93% 94% 94% 1,294 79% Jan. 2 97% May 5 Do pref. 86% 87 86 86% 87 94% Apr. 12: 87 86% 88% 88% 88% 88% 89% American Tobacco Co 5,436 69% Jan. *101 L04 104%104% 104% 104% 104%104% 104 L04 102 102 161 91% Feb. 16 105 Ju n e 25Do pref. 77% 78% 73% 76% 72% 74% 72% 75 7 3 78 74% 74% 76% Chicago Gas Co., trust reo’t s . . 121,597 58% Jan. 3 BO June 2 5 *6% 7% *6% 7% *6% 7% *6% 7% *6% 7% *6% 7% Colorado Coal & Iron D ev el.. 5 June 26 13% Apr. 4 *24 26 *24 26 21 Jan. 3 27% Apr. 4, *24 26 *24 26 Colorado Fuel & Iron.............. 26 *24 26 *24 127% 127% 128% 128% *126% 128 1,115 122% Jan. -29 140 Apr. 2 o 126 126% 125% 125% 127 L27 Consolidated Gas Com pany.. 23% 24 23% 24 23% 24 23% 24% 23% 24% 21% 24 D istilling & Cattle Feeding Co 25,280 20% Jan. 2 30% Feb. 6 36% 36% 36% 37 36% 36% 36% 36% 36% 37% 37% 38 General Electric Co.................. 15,505 3038 Jan. 3 45% Mar. 8 37% 38% 37% 38 9,455 22 Jan. 2 42% Apr. So 37% 37% 37% 3«% 37% 38% 38 38% National Lead Co..................... 82% 83 83 83 83 83 83% 83% *83 915 68 J an. 2 88 % Apr. 3o 84 83% 83% Do pref. 5% Mar. JLy 3 2% June 25 3 785 2% 2% 2% 2% 3 North American C o............. 2% 2% 3 2 78 2% *1 2 13 14 *11 150 1178 Ju ly 7 17% Apr. 2 13 *11 13 *11 13 Oregon Im provem ent Co____ 11% 11% *11 *14% 15 *14% 15 14% 14% 14% 14% 15 750 13% May 15 19 Jan. 3o15% 14% 14% Pacific M ail............................... *84 *84 *84 *84 *84 *84 79 Jan. 15 90% June 9 P ipe Line Certificates............. 155 155% 152 154% 152 153 5,027 152 Ju ly 9 174 Apr. I 3 158 159 15858*158% Pullm an Palace Car Qompany 154% 158 64 Apr. 26 67 Jan. 2 q Silver B ullion C ertificates.... 18% 18% 18% 1 8 78 18% 18% 18% 18% 18% 18% 18% 15% Tennessee Coal & Iron............. 2,810 14% Jan. 3 20% Mar. ß 62% May 2 71 Apr. 2 Do pref. 20% 21% 20% 21 20% 21 21 21% 21% 22 6,540 15% May 19 23% J u n e lg 21% 22% U nited States Cordage Co___ 36 35% 35% *36% 38 37 33 May 18 41 Ju n e l a 574 37 37 38 38 Do pref.i 37 37% *35 35% 35% 35 382 33% May 22 43 Apr. 5 37 35 *35 *35 34 United States Rubber C o ..... 36 36 34 83 83% 82% 83% 82% 83% 83% 84% 83% 84% 84% 84% Western Union Telegraph___ 14,868 807s Jan. 3 87% Mar -6 4 ïfceee are bid and ashed: no sale made, ¡¡¡,0-1|Old certificates, 12d assessm ent paid < THE CHRONICLE J uly 14, 1894.] 68 NEW YORK STOCK EXCHANGEE PRICES (Continued)—IN A C TIV E STOCKS. J u ly 13. I n a c t iv e St o c k s ITIndicates unlisted. Bid. R a ilr o a d S to c k s. Ask. 167 175 130 100 * 10 ......... 23 62 51 11% 12% 150 6% 7% 28 3% 4% 13 16 Preferred.................................... 100 Georgia Pacific Trust ctfsIT___ 100 Gr. Bay Win. & St. P. tr. rec___ 100 Preferred trust rects...............100 H ouston & Texas Central_____100 Illinois Central leased lin es___ 100 K anawha & Michigan.................100 Keokuk & D es M oines................ 100 Preferred.....................................100 L. I. Traction IT................ . ...._ JLouisv. E vansv. & St. L. Cons 1100 Preferred.................................... 100 Mahoning Coal........................... 50 Preferred.................................... 50 M etropolitan Traction^............. 100 Mexican Central.......................... 100 M exican National........................ 100 Morris & E ssex ............................ 50 N. Y. Lack. & W estern ............. 100 Norfolk & S o u th e r n ....______ 100 Peoria & Eastern...................... ..1 0 0 P itts. Ft. Wayne & Chicago___ 100 P itts. & Western p f..................... 50 Rensselaer & Saratoga...............100 R~>u)e Wa,t.& Ogrtenshureh___ 100 4 4% 5% 6 Range (sales) i n 1894. Lowest. 167% Julv 135 Mar. 100 June 10 July 20 Jan. 61 Apr. 50% Feb. 10% June 147 Jan. 5% Jan. 14 Jan. 4% Ju ly 15 Jan. 14 Apr. 44% Apr. 4 (% Indicates actual sales.) If Indicates unlisted. Bid. Ask. 176 Apr. 135 Mar. 100 June 17 Feb. 24% Apr. 61 Apr. 52 Apr. 17 Mar. 154% May 7 34 June 31 July 8 Apr. 19 Apr. 16% Apr. 45 Mar. St. Louis Alton & Ter. H au te...100 P referred .............................. ...1 0 0 Toledo Peoria & W estern..........100 Toledo St. L. & Kansas City IT- - Virginia Midland................ ioo M is c e lla n e o u s S to c k s . Adams E xp ress.............................100 American Bank Note Co IT.......... American E xpress .'i......... 100 Amer. Telegraph & Cable......... 100 Brunswick Company.................. 100 Chic. Juno. B y. & Stock Y ard s.100 Preferred................................. ..1 0 0 Colorado Fuel & Iron, pref....... 100 Columbus & H ocking Coal....... 100 Commercial Cable....................... 100 33 165 35 185 147 44 Î109 152 48 Jan. 7% Mar. 2% Jan. 86% Jan. 7% June 3% Apr. 86% Jan. 9% Apr. 7% 8 5 13 12 Jan. Î 1438 1434 12% June 5 Feb. 13 22 6 Interior Conduit & Ins. C o....... 100 107 "Mar. 107 Mar. 112% 112 July 120 May 6% Feb. 8% Apr. 2 1153% 148 Jan. 157 May 110% Jan. 114% June 55 51 Jan. 59% Apr. 3 5% 4% Feb. 6 Ju ly 150 149 Jan. 154 May 20 125 26 Jan. 29% Apr. 177 182 172% Feb. 180 Apr. 1T2 113% 109% May 113 June 'N o price Friday; latest price this week. i A ctual sales. Preferred....................................ioo n e w t o r e s t o c k e x c h a n g e p r i c e s .—STA TE &xabama—Class A, 4 to 5 . . . . . 1906 Class B, 5 s ......... .............. ...1 9 0 6 Class C, 4 s .............................. 1906 Currency funding 4 s .............1920 Arkansas—6s, fund,Hoi. 1899-1900 do. Non-Holford 78, Arkansas Central R R ............. Louisiana—7 s, eon s____ ____1914 New eonols. 4 s.......................1914 Missouri—Fund.............. 1894-18.95 99 100 92 90 2 155 1 110 95 100 100 12 12 100 SECURITIES. BANKS. Capital Surplus L oans. Bank of New York. Manhattan Co____ Merchants’............... Mechanics’. . . . ........ America............... Phenix...................... City........................... Tradesmen’s............ Chemical......... J Merchants’ Exch’ge Gallatin National... Batchers’* Drov’rs Mechanics’ & Trad’s Greenwich.... . . __ Leather Mannfac’rs 8 eventh National... State of New York. American Exch’ge.. C om m erce........ . . . Broadway........ ....... Mercantile............... P acific..'................ Republic................... Chatham ................. People’s........ ........... North America....... Hanover.............. . I r v i n g ............... Citizens’. . . . . . __ . . . Nassau........ ............ Market & F ulton... Shoe & Leather....... Corn Exchange....... Continental............. Oriental.................... Importers’ & Trad’s P a r k .......___ . . . . . East R iver.._____ Fourth N ational.... Central National.... Second N ational.... Ninth National....... First N ational...... Third National........ N. Y. Nat. Exchange B o w e r y ................ New York County.. German-American.. Chase National... -Fif tfe Avenue........H German Exchange.. Germania........ United States.......... Lincoln____ _. . . . . . Garfield.................... Fifth N ational. . . . . Bank of the Metrop West Side............... Seaboard ...... Sixth National........ Western National.. First Nat.. Br’klyn. Southern National.. Nat. Union Bank,,.. Liberty Nat. Bank.. Total.............. 9 $ Specie. Legals. Deposits. 2.060.9 14.340.0 2,foo,o 5.410.0 2.050.0 1.931.3 12.695.1 2.442.0 5.854.1 2, 000,0 1,018,2 9,82 U 1,698,W 2.982.0 2,000,0 2.121.3 10.292.0 1.391.0 2.519.0 3.000. 2.249.5 0 19,484,t 1,839,3 5.617.1 1.000. 0 465,9 4.524.0 676.0 1,361, 1, 000,0 2.805.1 21,235,“ 6,738,7 7,170, 750.0 155,t 2,342, 380,S 355, 300.0 7.233.2 26,689, 6.676.1 9,396, 600.0 161.5 3,750, 726.4 488.1 1,000,0 1.592.2 6,582, 1.209.5 2.063.0 300.0 273.6 1.595.8 479.4 131,3 400.0 410.4 2.005.0 7»0,0 380.0 200.0 168,1 1.147.8 131.1 173, 600,0 546.0 2.917.5 877,9 536.7 300.0 120.0 1.654.7 269.2 213.6 1.200.0 498.1 3.448.3 90,2 568.8 5.000. 2.291.6 0 21.603.0 2,281,0 4.416.0 5.000. 3.669.3 0 22,684,5 3.124.2 8.515.5 1.000. 0 1.601.3 5.737.1 1.001.6 734.6 1,000,0 1.136.9 7.963.3 1.554.0 1.255.7 422,7 470.8 2.041.9 591.1 1.013.7 1.500.0 969.8 11.565.4 2.137.9 2,941,9 450.0 858.0 5.054.9 1.130.3 2.013.7 200.0 318.2 2.132.8 217.2 875.3 700.0 642.4 5.398.8 1.048.2 1.615.8 1, 000,0 1,911,0 16.667.5 4,537,5 5,226,7 500.0 345.8 2.650.0 598.0 498.2 600.0 428.3 2.809.9 480.0 630.5 500.0 286.0 1.872.0 588.0 961.5 750.0 793.7 4.711.5 887.6 581.3 1,000,0 261.2 3.333.0 771.0 475.0 1, 000,0 1.247.2 7.133.3 1.614.2 3.180.0 1,000,0 240.9 4.865.8 1.140.9 2.007.1 300.0 419.2 1.836.0 229.2 473,5 1.500.0 5.652.2 21.871.0 4.374.0 7.187.0 2, 000,0 3.120.4 25.289.8 4.786.3 4.860.6 250.0 140.6 1.055.4 129.4 283.4 3.200.0 1.995.7 21.415.1 4.725.4 2.471.7 2, 000,0 559.0 8.514.0 465.0 5.591.0 300.0 566.0 3.835.0 932.0 2.213.0 750.0 382.2 3.873.4 693.5 785.3 500.0 7.243.5 24.700.3 3,248,2 3,260,6 1,000,0 206.0 7.916.5 1.620.0 1.318.1 300.0 133.0 1.357.2 108)8 261.7 250.0 551.6 2.615.0 452.0 576.0 200.0 554.7 2,826,4 910.8 411.6 750.0 302.4 2.326.3 816.2 672,7 500.0 1.135.6 13.835.4 4.780.8 1.535.1 100.0 1,029,5 5.824.9 889,2 1.070.5 200,0 604.1 2.574.3 245.6 006,2 200,0 602.5 2.884.0 464.6 380,2 500.0 519.9 5.418.8 1,255,1« 460.7 800.0 516.4 5.291.1 1,558,1 785.9 200,0 628.1 3.948.1 859.0 5r7,7 200,0 316.3 1.806.2 212.1 336.7 300.0 719,2 4.807.2 774.1 1.738.6 200.0 294.5 2.329.0 205.0 809.0 500.0 240,1 4.392.0 985.0 1.029.0 200.0 343.4 1.685.0 271.0 425.0 2 .100.0 190.7 10.991.8 2.154.8 1.424.0 3Gi‘ » 862.8 4.542.0 988.0 475.0 506,0 683.4 2.090.9 141.0 697.0 1,200,0 259,8 7.834.3 1.079.4 1.267.0 500,0 81,6 1.547.3 255.2 400.7 61.622.7 72.145,8 483,75 X 5 9Î 722XÔ 1280613 2 ,000,0 Bid. $ 17.940.0 18.030.0 12,6 36,0 10.687.0 22.925,9 5.150.0 31.405.3 2.457.2 35.636.3 4.191.6 7.363.7 1.758.3 2.580.0 1.100.1 3.190.1 1,922,9 2.671.8 19.083.0 24.982.0 5,606,7 8.409.5 3.535.5 14.486.4 6.726.6 3.438.2 6.640.2 23.632.3 2.965.0 3.460.1 2.893.6 4.922.4 4.093.0 10.216.0 7.471.7 1.921.5 27.547.0 30.612.0 1.053.9 24.734.2 13.075.0 6.320.0 4.546.8 24.279.2 9.646.1 1.315.2 3.152.0 3.777.3 2.933.1 18.465.0 6.625.8 3.115.8 3.689.8 6.691.5 0,063,4 5.067.0 2.035.8 0,067,1 2.877.0 5.791.0 1.710.0 12.222.4 4.900.0 2.138.0 8.743.1 1.733.9 55 50 I Highest, Jan. 35 Apr. Mar. 1673a June. Apr. 17 Apr. Mar. 2 Mar* 148 May 154% Jail. 108 " J u ly 116 Apr.. 85 Feb. 90 Jan. 3 June 5 Marl 96 Apr. 973a Apr 50 4^ 140 28 93 36 15 59 22 Jan. 70 " X p iJ Jan. 9% Apr Mar. 145 Mn,r Jan. 3 1 Mar» Feb. 104 Apr Apr. 553a May Jan. 18% Apr Jan. 73 Apr May 223a May 47% June 59% Febl 50 45 Feb. 53 Marj 17^4 16 Feb. 25 Jan. 10 8 Apr. 11 MarJ 9 7 Feb. 83a Marj 10 61* Jan. 12 May 325 298 Feb. 315 June» 106 Feb. 106 Feb* 55 65 2% 1% Jan. 3 3 " F eb . 12 15 Feb. 17% Mar. 18 9 10 7*3 Jan. 10% Apr. 50 54 48 Jan. 57 Jan. : 54*2 56 523a June 68 % Apr I 89 91 80 Jan. 95 June* 109 109 July 128 Ja n . BONDS J U L Y 13, Ask. North Carolina—6 s , old........... J & J 30 Funding a ct.............................1900 10 New bonds, J & J ......... 1892-1898 15 Chatham R R ................................... 2% 5 Special ta x , Class I . . . . . . . . . I" " 2% 5 Consolidated 4 s ...................... 19*10 99 103 6 s . . . ........................................1919 124% 126’ Rhode Island—6 s, co u .. 1893-1894 South Carolina—4%s, 20-40.. 1938 98 102 6 s, non-fund.............................1888 1% — New York City Bank Statem ent for the week ending July 7, 1894. We omit two ciphers (00) in all cases. 72 7 Lowest. 20 150 15 2 45 17 8 6 8 290 100 Ask. 68 6% 125 27% t 99 66% 1112 1 7 Bid. 89 5 2 30 Preferred....................................100 SECURITIES. 88 16% Preferred.................................... ioo June Apr. Feb. (008 omitted.) J u ly 13. \ R ange (sales) i n 1 8 s4 . I n a c t iv e S t o c k s . Highest. SECURITIES. Bid. Tennessee - 6 s, old......... 1892-1898 6 s, new b o n d s......... 1892-8-1900 do new series................ 1914 Compromise, 3-4-5-6s........... 1912 New settlem ent, 6 s ...............1913 5 s ................................................1913 3 s ................................. . . ..........1913 Virginia funded debt, 2-3S...1991 6 s, deferred bonds......................... _6 s, deferred t ’st rec’ts, stam ped. 60 60 60 70 Ask* — 78 79%. 58% 59 6 % 7%* 6 % 7% New York City, Boston and P hiladelphia B anks: Capital <fc Bank s . Surplus. Loans. Specie. Legats. Deposits.] Oirc’l’n Clearings. N. Y ork.* $ $ i June 9 .... 131,467,8 465,403,7 1004755 1191628 570.880.2 436.227.8 “ 1 6 .... 131.727.1 485,733,6 99,889,6 570.483.7 443,983,9“ “ 2 3 .... 131.727.1 468.283.4 93,462,9 1191079 573,636,5 428.335.6 “ 3 0 .... 131.727.1 470,044, L92,486,4 1213016 1256514 573.337.8 414.364.7 July 7 .... 133,768,5 483.753.5 91.223.0 1280813 583.598.3 468.561.9 B oston .* J une 2 3 .... 69.351.8 172*581,0 11.122.0 10.556.0 169.134.0 72.118.2 “ 3 0 .... 69.331.8 174.140.0 11,293,0 10.185.0 170.326.0 71,133,3July 7-... 69.331.8 174.395.0 10,855,0)10,003,0 174.017.0 84.477.3 F h ila .* June 2 3 .... 35.810.3 105.596.0 39.621.0 116.512.0 56 868, 8 “ 3 0 .... 35.8 LO ,3 106.024.0 38.696.0 116.299.0 63,535,8 Ju’y 7 .... 35.810.3 107.700.0 37.878.0 116.626.0 65 242 O* * We omit two ciphers in all these floures. t Including for Boston and Phua deipbia tbe item “ due to other banks.” Miscellaneous and Unlisted Bonds.—Stock Ex. prices. „ M is c e lla n e o u s B an d « . filiiceK a u eiiu s su u d t. Ch, Jun.& S. Yds.—Col.t.g ,5s 102 b. Peoria Water Co.—6 s, g . . . . . Colorado Fuel—Gen. 6s........ . Pleas. Valley Coal—1st g. 6s. Col. & Hock. Coal & I.—6s, g. "93 a. Procter & Gamble—1st g. 6s 109 b. Consol’n Coal—Convert. 6s. *101 D. Sunday Creek Coal 1st g 6s.. 97 b. Cons.Was Co..Chic.—lscgu.os 82 %b. U. S. Cordage—1st col. g., 6s. 79 b. Denv. O. WahWks__»en.g.5s S. Leather—S.f. deb., g., 6s 107%b* Det. Gas con. 1st 5s................ 56 b. U. Western Union Teleg.—. , . . 108 b. East River das 1st g. 5s........ 95 b. Wheel.L.E&P.Coal—1st g,5s 70 Edison Elec. 111. (Jo.—ist 5s . 106 b. U n listed B onds. Equitable G. & F.—1st 6s__ t*U b. Ala. & Vicks.—Consol. 5s, g. Henderson Bridge—1st g. 6s. Amer. Deo. Co. col. tr. 5s ... Hoboken Land & Imp.—g. 5s Comstock Tannei—Ino. 4 s .. 3 b. Mich.-Penin. Car 1st 5s, g .... Geo. Pao—1st 6s g. ctfs........ 102 b. Mutual Union Telèg.—6s g .. ii<* "b. 2d mort, incom e................ . ....... Northwestern Telegraph—7s. 107 b. Consol. 5s, g. ctfs........ _r. 40%b, People’s Gas & C. > 1st g. 6s. Income 5s. ctfs............. 9%bCo., Chicago.... 5 3d g. 6s. Ioo""b.J Mem. &Charleston—Con. 7 g.| . . . . . . N o t e .—“ b ” indicates price b id ; “ a ” price asked. * Latest prioe this week Bank Stock List.—Latest prices of bank stocks this week. BANKS. BicLj Ask. BANKS. Bid Ask. America...... 190 210 Gallatin........ 300 325 _ _ Am. E xch ... 150% 153 Garfield........ _ German Am. 115 ........ Broadway... 225 250 Butchs’&Dr. 165 Germania.... 300 Central...... 120 Greenwich.. 150 450 Hanover....... 310 325 Chatham...... 360 400 m m Hud. River.. _m Chemical__ 4100 4800 Im. & Trad’s’ 510 550 City.............. 425 Irving___ _ 135 150 Citizens’....... 135 150 Leather Mfs’ 190 200 Columbia__ 200 Lincoln .. . . . 525 Commerce... 174 177 Manhattan.. 185% 190 Continental. 120 130 Market* Pul 203 225 C6rn Exch.. 280 ‘290 Mechanics’., 175 185 Deposit........ 25 M’chs’ & Tra’ 145 16> East River.. 140 165 Mercantile.. 195 11th Ward... 130 140 Fifth A ve.... M"vch’ts Ex. 108 120 Fifth............. Metropolis.. 400 500 F irst...,,....... 2500 Mt. Morris.. 160 First N., 8 . 1. 112 125 Murray H ill .... ..... 14th Street.. Nassau.__ _ 150 167 Fourth,, . . . . . 190 200 New Fork... 214 225 BANKS. Bid. A s k . N.Y. Oo’nty 500 600 T N.Y. Nat.Ex 110 120 Ninth.......... 116 X22 19th Ward.. 125 N. America. 145 Ì65** Oriental... . 220 240 P a cific...... 170 Park......... . 270 290 People’s .... 275 300 Phenix........ 116 122 Produce Ex. Republic.... 152 105 Seaboard... 170 S econ d ...... 300 Seventh... . L20 Shoe* Le’tlr 107 St. Nicholas. Southern... 160 Stateof N.Y. fc’05 Tdird....... . 100 112 Tradesm’n’s 75 Un’d States Western ... 112%, West Side .1 THE CHRONICLE. 64 [VOL. L1X. BOSTON, PHILADELPHIA AND BALTMOBE STOCK EXCHANGES Active Stock«, f in d ica tes unlisted. Saturday, Ju ly 7. M onday, July 9. Tuesday, Ju ly 10. Wednesday, Thursday, July 12. Ju ly 11. Friday, Ju ly 13. 5 5% 5% 5% 5 5% 5 5% 5 116 53le 5% 5% Atoll. T. &<8. F e (Boston). 100 1 1 *......... 1 1 *% 1 *____ *% 1 *% 1 *71 73 A tla n tic * P ao.. :? ......... *69% *69 ......... *69 ......... Baltim ore & Ohio CBoUJ.100 *125 ......... 1st preferred “ 100 *....... ! 1 1 5 " * " " " Î Ï 5 ” *115 ......... ÏÏ6** *112“ il6*" *......... 11 ’« 2 d preferred £ iOO 13% 13% 14 14 14 14% 14 Baltim ore Trao’n /P A w J . 25 14% 14% 14 205% 205% 205 205 204 204 202% 202% 203 204 Boston &A lbany( Boston) -100 202% 202% -190 190 190 *IHQ% ___ *189% ......... 190 190 190 *189 190 Boston & Low ell • 100 146% 146% 145% 145% 146 146 * ; . . . : 14 7 *147 148 *147 148 Boston & Maine 100 *.____ *10% 11% 11 *10% 11% *10 % 1 1 % 11 11% Central of Mass. “ 100 *43 48 *......... 47 *......... 47 Preferred a ft 100 74% 75% 74% 74% 74 7 5 % 73% 74% 74% 75% Chio.Bur.&Q nin. “ 100 74% 7659% 59% 59% 58% 59% 58% 59% 58% 59% 59% 59% *10 Chic. Mil. & St. P .jfP A i^ -100 59 15 *10 ____ *10 ......... *10 ......... *10 ......... *......... -50 Ohio. &W. Mich. (B oston).100 * .................... *50 * .................... '50 e i e ve. & Canton “ 100 * " " “ ‘‘50*- *......... '50 * ” 2 "2 .................... . 2 * P refe rred .... 100 70 *63 H *67 ......... *69 ......... *68 69 Fitchburg pref. “ lo o 69% 69% *68 33% 33% 32% 33 31 31 H unt. & Br. Top.CPÄifa.,»- 50 52 52 52 *51 51% 52 51 51 Preferred »0 36% 36% 36% 36% 36% 36% 36% 37% Lehigh V alley “ 80 36% 36% 36% 36% *111 112 *111 112 116 111% 112 111 i l l 111% 112 112 112 7 7% 6% 6% *6% 7 6% 6% *6% 7% *6% 7% 9 9 9 9 9% 9% 9 9 N.Y.& N.E.,tr.reo. “ IOC *38 41 * ¿Lft * „ 45 * . . . . . 42 41 41 P r e fe r r e d ,tr .r e c .“ IOC *66 66% Northern Central (S ca t.). DC 3% 3% 3% 3% 3% 3% 3% 3 % 3% 3% Northern Pacific (Phyla.). IOC 14% 14% 14 *14 14% 14 13% 13% 13% *13% 14 Preferred IOC 13 180 180 180 180 179% 179% 179% 180 179% 179% 179 179 Old C o lo n y .... 48% 48% 48% 48% 48% 48% 48% 48% 49 48% 48 P en nsylvan ia.. (P hyla.), oc 48 Philadel. & Erie. “ 8$ 8% 8ï%; 8 8%e " 8** "*8% ” 8% “ 8%" ” 8% ’"8% ‘""8% " ’8% ”88% Phila. & B eading “ j>c 90 87% 87% 88 84% 84% 87 Philadelphia Trac. “ 5C 85% 86% 84% 85 *4% 6 *4% 6 *4% 6 *5 6 Summit Branch (B oston). 5C 10% 10% 11 10% 10% 11 10% 10% 10% 10% 10% 10% Union Pacific ‘ io c *233 234 234 *233 234 United Cos.of N .J IOC *232% ......... *2232%......... *233 1% *......... 1% * 1 5o * ___ W estem N.Y.& Paf P hila. ).10( m i s c e l l a n e o u s S to c k .» . 97% 99 97% 98% 96% 99 95% 96% 94% 97% 94% 95% Am. Sug’rBefln. H(Boston)----93% 93% 93% 93% 94% 91% 91% 91% 91% 93 90% 92 ^referred......... 191 192 191 191 189% 190 189 190 187 190 B all T eleph on e.. ** 10< *190 191 22% 22% 22% 22% 23 23 *22% 23 23 23 23 23 B a st. & Montana ‘ 2; 8% 8% 8% 8% *8% 8% *8% 8% 8% 8% *8% 8% B u tte * B o sto n .. " 2. *972 *270 *270 ......... *270 ....... . 272 274 Calumet A H ecld *77 79 * fiO *77 80 *77 79% Canton C o . . . . . . . fBaW./-iOJ 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% 65% *65 Consolidated Gas lo< 45 45% 45% 45% 45% 45% 45% 45% 46 46% *45 Erie Telephone f Bo* ton). 10] 1 *45 37 37% 37% 38 36% 36% 36% 36% 36% 36% 36% 36i< G eneral E lectric.. ‘ 10J *66 67 *60 65 * „ ___ 65 65 65 io Preferred........... *20 ......... *20% 21 21 21 21 20% 20% 21 Lam son Store Ser. 5 ) *20 ......... 50 50% 50% 50% 50% 50% 50% 50% Lehi’h Coal&Nav. 'PA»*.) 8 ) 50% 50% 50% 50% 61 61% 61% 62% 62% *61 63 61 61 N.Eng. Telephone (Bost’n)lO* ) 62% 62% 61 2% 2% North Am erican. (P h il.). 1(W 2 2 2 2 2 2 1% 2 1% 2 2 2 W est End L a n d .. (Bost’n ) . . . * Bid and asked prices: no sale w as made. 31nactive Stocks. Bid. Ask. Inactive stocks. B o nds—B oston ■ Bid. Ask. Sales of the Week, Bange of sales in 1894. Lowest 75% Jan. 24 109% May 4 79 Jan. 3 97% May 4 163 Feb. 26 204 June 23 22% July 12 29 Apr. 5 8 Feb. 14 11% Apr. 9 265 June 22 302 Jan. 18 66 Jan. 18 80 July 2 755 53% Jan. 3 66% Apr. 8 10 42 Feb. 21 48 June 6 2,455 30% Jan. 3 45% Mar. 8 8 56 Jan. 4 75 Mar. 8 103 12% J an. 2 26 Apr. 77 155 50 May 23 55 Mar. 11 44 49 Feb. 28 63% June 15 5% Mar. 19 2% June 27 160 745 i 1% July 3 12% Mar. 20 t E x rights. 31,256 771 285 1,013 725 14 Bonds. Pa. & N. Y. Ca., con. 5s.19.39, A&O 74% Perkiomen, 1st s e r .,5 s .l9 1 8 , Q—J P h ila.* Erie gen. M. 5g.,1920, A&O 26 82% Gen. m ort., 4 g . . . . . . .1920, A&O 59% Phila & Bead, new 4 g„ 1958, J&J 1st pref. incom e, 5 g, 1958, Feb 1 116% 2d pref. incom e, 5 g, 1958, Feb. 1 106 3d pref. incom e, 5 g, 1958, Feb. 1 94% 2d, 7 s............................ 1933, A&O 103% Consol, m ort. 7 s . . . . ..1 9 1 1 , J&D 102 Consol, mort. 6 g ....... .1 9 1 1 , J&D 101 ImprovementM . 6 g ., 1897, A&O 94% Con.M .,5 g.,stam ped,1922,M&N 97 Terminal 5s, g ....» .1 9 4 l , Q.—F. 65 Phil. Bead. & N. E. 4 s ............. 1942 88 Incom es, series a ................... 1952 62 Incom es, series B . . . ............. 1952 71 Phil. Wilm. & Balt., 4 s .1917, A&O 122 H20 P itts. C. & St. L., 7 s ....1 9 0 0 , F&A Eree.Elk. & M .V.,lst, 68.1933, A&O ) 122 Schuyl.R .E.Side,lst 5 g.1935. J&D Ì2 2 " Unstamped 1st, 6 s . . . . 1933, A&O >120 S teu b en .& In d .,lstm .,5s.l9l4, J&J 65 K.C. C.&Spring.,1st,5g.,1925, A&O > 60 United N. J ., 6 g ............ 1894, A&O 80 K O. F .S.& M . con. 6s, 1928, M&N ! 78 Warren & Frank.,1st,7s,1896,F&A 31 K.C. Mem. & B ir..lst,5s,1927, M&S r 28 >120 B o n d s ,—B a ltim o r e ! K. C. St. Jo. & C. B ., 7 s ..1907, J&J123% Atlanta& Charl., 1st 7s, 1907, J&J 90 L. Bock & F t. S., 1st, 7 s .. 1905, J&J 75 Incom e 6 s .. . . . . . . . . . . 1 9 0 0 , A&O Louis., Ev.&St.L., 1st, 6 g .l9 2 6 , A&O 101% Baltimore B elt, 1st, 5 s .1990, M&N 2m ., 5—6 g . . . . . . . . . . .1936, A&O 90 Baltimore & Ohio 4 g ., 1935, A&O Mar. H. & Ont., 6 s....... 1925, A&O 101 103 53% P itts. & Conn., 5 g ...l 9 2 5 , F&A M exican Central, 4 g . . .1911, J&J 53 Staten Island, 2d, 5 g.1926, J&J 12 10 1st consol.incom es, 2 g, non-eum, Bal.&Ohio S.W .,lst,4% g.l990, J&J 7 6 2d consol, incom es, 3s, non-cum, CapeF.&Yad.,Ser.A.,6g.l916, J&D N. Y. & N .Eng,, 1st, 7 s ,1905, J&J- 109 110 Series B., 6 g . . . . ......1 9 1 6 , J&D lstm o r t. 6 s .. . ....- ...1 9 0 5 , J&J 105 105% Series C., 6 g . . . . . ........1916, J&D 2d mort. 6 s . . . ..... . . . 1 9 0 2 , F&A 99 100 Cent. O hio,4% g . . . . . ...1 9 3 0 , M&S Ogden. & L.C .,C on.6s...1920,A&O 102 lu 3 Chari. Col.&Aug. 1st 7 s .1895, J&J Inc. 6 s ........................................1920 Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J B u tland, 1 st,6 s.............1902,M&N î l l l North. Cent. 6 s ..... . . . . . 1 9 0 0 , J&J 2d, 5 s............................ 1 8 9 8 ,F&A 100 6 s..................................... 1904, J&J Bonds.—Philadelphia Series A , 5 s......... ....1 9 2 6 , J&J A llegheny V al.,7 3-10s, 1896, J&J 104% MISCELLANEOUS. 4% s................................ 1925, A&O 102% •37% A tlantic City 1st 5s, g., 1919,M&N A llouez M in g .a sstp d (Boston). 25 •25 Piedm.& Cum .,1st, 5 g.1 9 1 1 , F&A Belvidere D el., 1 st, 6 s. .1902, J&D 111 14 8 “ 25 A tlan tic M ining......... P itts. & Connells. I s t 7 s .l8 9 8 , J&J 115 56% Oatawissa, M., 7 s ......1 9 0 0 , F&A C ity P assen g er B B ... (B alt.). 25 56 Virginia Mid., 1st 6 s . . . 1906, M&S 7% 7% Clearfield &Jeff., 1st, 68.1927, J&J B a y S tate G as.............(Boston). 50 2d Series, 6 s . . . . . ..........1911 M&S Connecting, 6 s . . . . . . 1900-04, M&S 1% 4 B oston L a n d . . . . . . . . . “ 10 3d Series, 6 s ....... .....1 9 1 6 , M&S 1 1% D el. & H d Br’k, 1st, 7 s .1905,F&A 128 C entennial M in in g ... “ 10 4th Series, 3 -4 -5 s .....1921, M&S 1093s 71% Easton & Am. IstM. ,5 s.1920, M&N 108% E le c tric T ra c tio n .... (Phila,). 50 71 5th Series, 5 s . . . ......1 9 2 6 , M&S 40% Elmir. & Wilm., 1st, 6 s .1910, J& J. 116% 118 40 Do do tr .rc ts . “ West Va C. * P. 1st, 6 g . l 9 l l , J&J H unt. & Br’d T op,C on.5s.’95,A& 0 101% 2% 3 ► F o r t W ayne Electrical (Boston). 25 Wert’I.N.C. Consol. 6 g.1914, J&J 8% Lehigh Nav. 4 % s .......l9 1 4 , Q—J 109% 8 F ra n k lin M in in g ..... “ 25 Wilm. Col. & A ug., 6 s ..1910, J&D 2d 6s, gold....................1897, J&D 107% 1% 2 F re n ch m ’n ’s B a y L ’n d “ MISCELLANEOUS. General m ort. 4%s, g .1 9 2 4 ,0 —F 101% 48 Illin o is S teel . . . . . . . . “ 100 45 Baltimore—City H all 6 s .1900, Q—J Lehigh Val. Coal 1st 5s,g. 1933, J&J 102% 102% 4% 5 K earsa rg e M in in g .... “ 25 F u n d in g 8 s ............1 9 0 0 , Q—J Lehigh Valley, 1st 6 s ...1898, J&D 108% 109% M orris C anal g u ar. 4 . (Phila.). 100 West MaryPd B B . 6 s ..1902, J&J 2d 7 s ......... ....................1910, M&S 132 P re fe rre d g u ar. 1 0 . . “ 100 Water 5 s . . . . . . . . ........ .1916, M&N Consol. 6 . . . . . . . . . . . . . . 1 9 2 3 , J&D 121 ... - O s c e o l a M i n i n g .......(Boston). 25 18% 19 Funding 5 s . . . ..... . . . 1 9 1 6 , M&N North Penn. 1 st, 7 s ....1 8 9 6 , M&N 106 ^ P u l l m a n P a lace C a r.. “ 100 158% 160 Exchange 3 % s........1 9 3 0 , J&J Gen. M. 7 s ....... .........» ..1 9 0 3 , J&J 122% 82% Q uincy M i n i n g ....... ■*,* 25 81 Virginia (State) 3s, n e w .1932, J&J Pennsylvania g en . 6 s, r..!9 1 0 , Var T am arack M in in g .... “ 25 154 158 Chesapeake Gas, 6 s . . . . .1900, J&D Consol. 6s, c ............ 1905, Var 117 63 U n ited G as Im p t. ( P h il .) ....... Consol. Gas, 6 s .. . . . . . . . . 1 9 1 0 , J&D Consol. 5s, r . . . . . . . . . . . . 1 9 1 9 , Var 113 1 i% W ater P o w e r.. . . . . . . .(Boston). 100 5 s . . . . . . . . . ..................... 1939, J&J Collat. Tr. 4% g ...........1913, J&D W e stin g .E le o .lst\&<L(Boston). 50 50% 51 Pa. & N. Y. C anal,7s..-19Q 6..T *n 124 36 - - - Rquitfthl«» dim, fa —f ° ,!) ‘ A ssenting “ ■ 50 35 U n listed . | A n d accru ed in te re st, t L a s t p ric e th is w eek. x e x rig h ts. 33Uhii* Price includes overdue coupons. Prices of Ju ly 13. A tla n ta & C h a rlo tte (Balt.). 100 84% 85% B o sto n & P ro v id ence (Boston). 100 250 255 ...... Camden A A ta n tio p f. (Phila.). 50 4% O a ta w is s a ............... 1 s t p re fe rre d ......... 50 52 49% Sd p r e f e r r e d ....... • ■ 8x C e n tra l Ohio........... . (B e tii.).5 0 ...... C h ari. Col. & A u g u sta “ 100 C o n n ecticu t & P a s s . (Boston). 100 235 225 C o n n ecticu t K iv e r ... “ 100 D e la w a re * B o u n d B r.(P iliifl,).100 F lin t & P e re M a rq ... (Boston,). 100 ÏÔ " 13 34 P r e f e r r e d ...— . . . . “ *00 30 „ H a r.P o rts .M t.J o y * L . (Phila.). 50 84 8% 12% k m - CPy F t. S. & Mem. (Boston) . 100 50 P r e f e r r e d ............ . ‘ 100 40 65% L ittle Schuylkill....... (Phila.). 50 65 M aryland C e n tr a l.... ,(£<*&) 50 M ine HU1 & S. H av en (Phila.). 50 66% 67 54 N e sq u e h o n in g V a l.... “ 50 N o rth ern N .H ..............(Boston). 100 N o rth P en n sy lv a n ia . (Phila.). 50 86 6 5 O regon S h o rt L in e. . . ( Boston). 100 P en n sy lv a n ia & N. W . (Phila.) 50 4% 2 B u tla n d ......................... (Boston). 100 72 P re fe rre d ................ X00 70 50 S eaboard A B o a n o k e. (Balt.) 100 1 s t p r e fe rr e d ..------“ 100 47% 47% W est E n d ........... .(Boston). 50 P re fe rre d .............. . , 50 77% 78 56 W est J e rs e y ..................(Phila.). 50 55 20 W est Je rse y & A tlan . . 50 14 W estern M a ry lan d .. (Balt.)._50 W iim . Col. & A u g u sta “ 100 Wilm n g f n * W eldon “ 100 4% 5 W isconsin C e n tr a l... (Boston). 100 25 P re fe rre d .................... “ 100 W orc’st.N ash.& B och. “ 100 115 117 it.Top. &8.F. 100-yr. 4 g.,1989, J&J 2d2%-4s, g., Class A ..1989, A&O Joston U nited Gas 1st 5s................ 2d mort. 5 s . . . .........................1939 lurl.&Mo. B iver E xe n p t 6s, J&J Non-exempt 6s....... ..1 9 1 8 , J&J P lain 4 s . . . ................. ..1 9 1 0 , J&J Ihic. Burl. & Nor. 1 st 5,1926, A&O 2d mort. 6 s . . . . . . .....1 9 1 8 , J&D Debenture 6 s . . . . .....1 8 9 6 , J&D )hio. Burl.& Quincy 4 s ..1922, F&A Iow a D ivision 4 s .....1 9 1 9 , A&O H ighest 6,910 4®8 June 25 16% Mar. 29 1% Mar. 14 75 •62% Jan. 5 67*4 Jan. 4 81 Apr. 9 125 Jan. 17 129 Apr. 19 108 Jan. 31 119 May 12 2,324 13% June 30 17% Apr. 9 120 198 Ju ly 2 212 Apr. 30 8 18278 Jan, 10 190 Apr. 23 21 126 Jan. 15 150 Apr. 17 70 11 Jan. 20 14% Mar. 10 46 Jan. 3 49 Mar. 14 84% Mar. 21 28,142 733s Jan. 65% Apr. 6 16,450 5438 Jan. 25% Mar. 13 10 June *50 Jan. 3 *45 June 2% Jan. 16 2 Feb. 24 2 66%, June l 81 Feb. 7 260 29% Apr. 25 35 Jan. 10 23 47 May 7 52 J u ly 11 790 36 May 21 42% Mar. 13 101 Jan. 16 114 Apr. 5 1,062 x96% Jan. 6 122 Apr. 12 370 538 Jan. 2 9% Apr. 3 290 3% May 19 14% Jan. 23 24% Mar. 20 41 Jan. 8 66*8 July 2 68% Feb. 23 6% Mar. 21 3*3 June 23 929 394 12% June 25 23% Mar. 31 140 170% Jan. 2 180 June 11 3,988 48 Jan. 5 52% Apr. 7 2178 Jan. 20 28% Feb. 1 23*,368 7% May 21 11% Mar. 12 t83% July 2 115% Apr. 11 10,007 7% Mar. 5 4% May 24 9% June 25 22% Mar. 31 1,930 227% Mar. 21 234 June 19 2% Jan. 26 1% Jan. 12 ¡9 Bid. Ask.! 109 114 101 76 76% 28% 29% 20 *a 21 15% 118 125% 126 117% 105% ___ 100 30 32 5 __ 5 101 102% 116 109 107 102 116 117 102% 103 102 % 53% 63% 62 63 101% i o i % 83 ILO 115 112 85 112 120 112% 108% 109 116 116% 116 1116% 108% 109 98 's 103% 104 101% 105 113 113% 115 121 122 121% 102% 103 71 72 106% 107 1 L4 1115 103 '103% 109 ...... THE CHRONICLE. J u l y 14, 1894.] 65 NEW YORK STOCK EXCHANGE PRICES (Continued)-A C T IV E BONDS J U L Y 13 AND FOR Y E A R 1894. R a il r o a d a n d Closing R ange (sales) i n 1894. Closing Railroad and Miscel. B onds. Inter' Price Range (sales) i n 1894. P rice Periob J u ly IE Perioc J u ly 13 Lowest. Highest. Lowest. Highest. M i s c e l . B o n d s . In te r't Q - F 114i2b. I l l Feb. 114% June 5 M «fe N 107 b. 103 Jan. 112 Apr. |J «fe J 7 4 78 ? F «fe A 99 a. 95 Jan. 100% May 67 Jan. 77% June i A «fe C 25 b 24% June 3812 Mar. !*j <fe j 99 Jan. 106% Apr. iF <& A 21 b 21 July 32% Mar. 1 F «fe A 102 %b. 100% Feb. 10338 May 44 b 4 1 12 June 5314 Apr. ........... ^ M «fe S 102%b. 102 Jan. 109 Apr. 2ttb U «fe J 7 J «fe D *100 a. 97 Mar. 1033g May 212 Jan. 614 Mar. : A «fe C 90 75 b. 71 Jan.' 81 Apr. Brooklyn E lev.—1 90 July 107 Jan. LA <fe c rM <fe s 85 b. 82 June 99 %Apr. Union Elevated. l J «fe D *112 b. 111% Jan. 117% May M «fe S 60 b. 57% Jan. SJ <fe J 109 b. 105% Jan. I l l 12 June Canada Southern. 63 May ;M«fe S 105 b 102 Jan. 105% Apr. Nash. Ch. & St. L.? J «fe J 126%b. 125% Jan. 130 May ........... * 46 b 32 Jan. 51 Apr. A «fe O 100i4b. 98 Jan. 102 Jam >M A N 93 b. 88 Jan. Q—J 11314 b I I 212 Jan. I I 512 June Nat’l Starch Mfg.94% June M «fe N 102 %b. 101% Jan. 104% Apr. iM A K *122i2b. 121 Feb. 124 Apr. r J A J 113% IIOI2 Jan. 11678 June * J <& J 123 123 Jan. 128% June ' Q -M 108i2b. 105 Jan. 111 May ^ M A S 108 b. 107 Jan. 110 Feb. 94 b. 100 Feb. IO318 Mar. ¡M A N >M A N 118 b. 116% Jan. 120% Apr. J «& J *112%b. 108 12 Jan. 113 June A «fe O 116 %b. 113% Jan. 117 May Am. Dock & Im p., 5 s ... SJ <fe J 101 b. IO314 Jan. 107% Apr. LJ «fe J 103 100% Jan. 105% Juñe A <fc 0 100% A <& 0 118 a. I I 512 Jan. 119% Mar. N. Y. Chic, «fe St. L.—4 g . . 97% Jan. 100% Mar. M <fe IS 103 1014* Jan. 106% Apr. N. Y. Elevated—7 s........... >J «fe J 110 b. 108% July 113 Ju n e M <& fi 72 70% June 7713 Apr. i J «fe J 130i4b. 127% Jan. 134 June J «fe J 90ia F «fe A 114 b. 110 Feb. 113% May 84 Jan. 92% May J A J * 81 a. 78i8 Jan. 88 Mar. N.Y.L.E.&W.>M & S 133%b. 131% Jan. 137 Apr. M «fe S 98 a. 96 Jan. IOOI2 Feb. J <& D * 72 a. t7 0 May 86 Mär. A «fe O 128 b. 125 Apr. 129 May J «fe J 12014 119 Jan. 123 %June M «fe N 96 b. 97 Feb. 102 Apr. M «fe S 85% 82% Jan. 86 May M«fe fi 104 a. 101 13 Jan. 105 Apr. J «fe D 109 b. 107 Jan. 110% May F «fe A 95 b. 90i8 Feb. 94% Apr. N. Y.Sus.«feW.—lstref.,5 s £ r J «fe J 104 b. 103 Ju ly 107% Apr. Midland of N. j ., 6s, g . . M «fe N 88%b. 8512 Jan. 9213 Apr. A «fe O 117 b. 115% Apr. 117% May M «fe S 119 a. I I 514 Jan. I I 912 Feb. >J «fe J 74% Apr. 74% Apr. J «fe D 115 b. I I I I 2 Jan. 118 May Chic. & E. 111.J «fe J * 80 a. 78% Apr. 81 Apr. A «fe 0 *124 a. I I 8 I2 Jan. 123 June J «fe J 107% 105% Jan. 114% Mar. M «fe N 98 97 May 10178 Apr. A <fe 0 7238b. 713s July 89% Mar. M «fe N * 95 a. 9 1 I2 June IOOI2 Apr. J «fe D 49 46% July 64% Apr. 30 a. 3113 Jan. 3518 Apr. Oct. J «fe D 23% 23 Ju ly 34% Mar. J & J 86 b. 82 Apr. 89% June Chio. Gas L. & C.—1st, 5 g . M «fe N Chic. Mil. & St. P —Con. 7s J «fe J 126 b. 126 Feb. I 3012 Apr. A «fe O t 42% t 4 0 June 48% Apr. J <fc J 11514 a. 112 Jan. I I 6 I2 May F «fe A t 40 b. f4 0 Jan. 1st, Southwest D iv., 6s. 55 Apr. J «fe J 114 b. 111% Jan. 117% Juñe No. Pacific <& Mont.—6 g. 1st, So. Minn. D iv., 6 s .. M «fe S 26 b. 25 Ju ly 38% Mar. J «fe J 10813 107 Jan. I I I I 2 June No. Pacific Ter. Co.—6.g.. J «fe J 100 a. 95 Jan. 101% May J «fe J J «fe J 107 %b. 106 Jan. 112 Ju ñ e IOII2 Jan. 10818 June J «fe J 105i2b. 104 Jan. 109 May J «fe J 107%b. 106 Jan. 11178 June J «fe J 10634 105 July 10913 Juñe J «fe D 91 a. 91 May 97 Mar. M «fe N 35 b. 35 July 48% Jan. J «fe J 90%a. 90 Jan. 92ie June J & D 117 a. 11213 Jan. 118 Apr. Omaha <fe St. LouisJ «fe J 42%b. 42 Feb. 50 Apr. Mil. & Nor. Q—F 141 b. 138 Jan. 141 Mar. Gregon Impr. Co.—1 J «fe D 98 92% Jan. 103 Apr. J «fe D 53 b. 46 Jan. 60 Mar. 121 July 127 May A <fe 0 J «fe J 102 A A O 118 b. 116 Jan. 121 Apr. 101 June 108% Mar. J «fe D 60 b. 60 Jan. 74 Apr. A A O * llli4 b . 10713 May 112 Mar. J «fe J 1 1 0 78a. 106 Jan. 113% May M «fe N *111 b. IO6 I4 Jan. 11213 Apr. J «fe J 86 b. 74 Jan. M «fe N 106 104 Jan. 109 Apr. Peo. Dec. <fc Evansv.87% May F <fe A 98 b. 97 Jan. 100 Apr. M «fe S 90 a. 74 Mar. 87 May M «fe S M «fe N * 22 b. 19 Jan. 28% Apr. J «fe J 125 J «fe J 76 Chic.R.I.&Pac.123 Jan. 129 Apr. 67% Jan. 78 Mar. J «fe J 10114 29% 27 June 39% Mar. 9714 Jan. 104 Apr. M «fe S 91 a. 9012 June 95 Feb. 21 18% May 27% Mar. J «fe D 125 15% 13% May 21 % Mar. 11912 Jan. 12713 May J «fe J 82 a. 80% Mar. 88 Apr. Cleveland & Canton.J «fe J 75 a. 70 Mar. 84 Jam Rich. <fe Danv.J «fe D J «fe J 115%b. 106% Jan. 118% Ju n e A «fe O t 70 b. t6 5 Jan. t7 4 Apr. J «fe J 115 b. 117 Jan. 120 Mar. F <fe A t 55%b. t4 0 Jan. 157% Apr. C.C.C.&St.L.A «fe O 75 a. 72 Jan. 8413 Apr. April. * 18 a. 15 Jan. 20 Apr. M «fe S i 25% t l 8 Jan. 127% Apr. J «fe J 65% F «fe A * 98 a. 95, Jan. 100 May 65 May 71 Apr. M «fe S * 85 a. 81 78 May 91 Feb. St. Jo. <fe Gr. Island- ■ eg M «fe N 64 %b. 61% June 69% Apr. J «fe D * 8512a. 86 June 9213 Feb. 8t. L. <&San Fr.—6 g. M«fe N 109 %b. 101 Jan. 113 Apr. 6 „ C l a s s C ....... M «fe N 109%b. 101 Jan. 113 Apr. D enver & Rio Gr.M «fe N 113 May I I 312 May J «fe J 92 b. 82 Jan. 98 Apr. J «fe J 69 b. 7 1 12 June 79 Apr. M «fe N 54%b. 54 July 62% Apr. D et. B. City & Alpena—6 g.1913 J «fe J 50 Jan. 50 Jam st. L. So. West.—1st, 4s, 2d, 4s, g„ incom e......... J «fe J 14%b. 14% July 20% Apr. Det. Mac. & M.—L d.grants.i911 A A O 27 a. 23 Jan. 2713 Apr. M «fe N *118 b. 115% Jan. 121 Apr. Dul. So. Sh. & A tl.—5 g .. .1937 J «fe J 95 a. 93 Feb. 102 Apr. St.P.M.«feM.—D ak.Ex„ 6 j J «fe J 116 b. 115 Jan. 122 Mär. E. Tenn.V. <feGa.—Con., 5g .l9 5 6 M «fe N 9712 b. 86 I2 Jan. 101 12 Apr. “ reduced to 4*2 g. J «fe J 99 %b. 97% Jan. 10 2 % Ju n e K noxville & Ohio, 6g ___1925 J «fe J 107i2b. 96 Jan. 110 June Montana E xtension, 4 g.193' J «fe D * 85 b. 84 Jan. F t. W. «fcDenv. City.—6 g ..l9 2 1 J «fe D 66 66 Jan. 7 9 78 Apr. 89% Apr. Gal.H.&SanAn. M .& P.D .lst,5g M «fe N 91 b. 90 May 925s Apr. San Ant.«fe A.P.—1st,4 g.,gu.,’43 J & J 50 b. 50% Jan. 59% Apr. Gen. E lectric, deb. 5s, g . . .1922 J «fe D 87 68 Jan. 89 May South Carolina—1st, 6 g . . 105 Feb. 110 Feb. J «fe J 88 b. 91 Feb. 94% Jam H ous. & T. Cent., gen. 4s, g . 1921 A <fe O 62 b. 60 Jan. 66 Mar. So. Pacific, Ariz.—6 g . . l 9 Illinois Central.—4 g .........1952 A «fe O 101 b. 100 Feb. IO214 June So. Pacific, Cal.—6 g ---- 1905-12 A «fe O *105 b. 106 July 108% Mar. 1st consol., gold, 5 g ....... 1938 A «fe O * 90 a. 85% May 98 Apr. Int. & GreatNor.—1st, 6 g.1919 M <fe N 109i2b. 110 Jan. 116 Apr. 2d 4-5s.................................1909 M «fe S 61 a. 60 June 6 8 12 Apr. So. Pacific, N. M.—6 g . . . . .1911 J «fe J 95 b. 9 4 78 July 98% Apr. 86 Jan. 95 Apr. Tenn.C. I. <&Ry.—T en .D .,lst,6 g A «fe O 83 a. 75 Jan. 85% Apr. Iow a Central.—1st, 5 g ___1938 J <fe D 9012 Birmingham Div., 6 g ..,1 9 1 7 J «fe J 86 a. 77 Jan. K ings Co. E lev.—1st, 5 g ..l9 2 5 J «fe J * 7912 a. 79 Jan. 85 Apr. 87 Apr. 87 81 Jan. 89 Apr. Texas <&Pacific—1st, 5 g ..2 0 0 0 J <& D 80% 85 May Laclede Gas.—1st., 5 g ___1919 Q—F 72% Jan. 2d, incom e, 5 g..................2000 March 22% 26% Apr. Lake Erie & West.—5 g__ 1937 J & J 111 b. IIOI2 Jan. 11513 Apr. 17% Jan. L. Shore.—Con. cp., 1st, 7 s .1900 J «fe J *117i2b. 118 Jan. 121 % May Tol. Ann Ar. <fe N. M.—6 g.1924 M «fe N * 75 a. 55 Mar. 70 Apr. Consol, coup., 2d, 7s....... 1903 J «fe D 120 b. 122 Jan. 12513 May Toledo <fe Ohio Cent.—5 g.1935 J «fe J *103 b. 104 Jan. 108 Mäy 84% Mar. 113 Jan. 116 May Toledo Peo. <fe West.—4 g.1917 J «fe J 79 a. 78% Jan. Long Island.—1st con., 5 g.1931 Q - J General mortgage, 4 g .. 1938 J «fe D * 98 b. 93% Feb. 99 78 May Tol. St. L. <feKan.C—6 g . .1916 J «fe D t 58 a. 58% Jan. 164 Apr. Louis. & Nash. Cons., 7 s .1898 A «fe O I l l b. 109 %Apr. I I 313 Mar. Union Pacific—6 g . . ........... 1899 J «fe J 104 b. 103% June I l l Apr. Ext. sinking fund, 8 ........1899 M «fe S 92 b. 90 June 103 Feb. N. O. & Mobile, 1st, 6 g . . 1930 J «fe J 11214 b. 11213 Jan. I I 712 June Collateral trust, 4%........1918 M «fe N 40 May 49 Jam “ “ 2d, 6 g .. 1930 J & J 100 a. 97 Jan. 104 Apr. Gold 6s, col. tru st n otes. 1894 F <fe A 82 b. 82 Jan. 92% Apr. General, 6 g ..................... .1930 J «fe D 112 b. 10913 Jan. 116 Mar. Kan. Pae.-Den. D iv.,6 g.1899 M «fe N 104 b. L01 Jan. 109 Mäy Unified, 4 g ........................ 1940 J <& J 69 b. 72% Jan. 7 7 13 Apr. 1st consol., 6 g . . . . ........ 1919 M «fe N 77 72 June 97 Mar. Nash. Fl.«fc S h .-lst,gtd .,5 g.’37 F «& A 95 a. 76 Feb. 90 Fëb. Oregon Short Line—6 g ..l9 2 2 F <fe A 78% 75 Jan. 92 % Mar. K entucky Central.—4 g. 1987 J «fe J * 8232b. 82 Jan. 85 May Or.S.L.&Ut’hN.—Con.5g.1919 A «fe O 4 0 b. 40 July 56% Apr. Louis. N. A. <fe Ch.—Ist.,6 s.l9 1 0 J «fe J 107i2b. 108 Jan. I I 312 Mar. U.P.Den.&Gulf.oon., 5 g.1939 J «fe D 33 31% June 48% Apr. Consol., 6 g . , .....................1916 A «fe O 88 b. 83 June 100 Mar. 55 July 61 Apr. U. S. Cord.—1st col., 6 g ..l 9 2 4 J & J 79 b. 70 May 87% J an e Louis. St. L. & Texas.—6 g.1917 F <fe A 55 Metro. E levated.—1st, 6 g.1908 J «fe J 11818 116 Jan. I 2 1 I2 June Virginia Mid.—Gen.M., 5s. 1936 M «fe N 90 b. 70 Jan. 90 Apr. “ “ stamped guar.. M «fe N 90 b. 72 Jan. 90 Apr. 2d, 6 s ................................... 1899 M «fe N 108 b. 107 Jan. 111 Apr. Mich. Cent.—1st, cons., 7 s .1902 M «fe N 120i2b. 119% May 12413 Mar. Wabash—1st, 5 g ................. 1939 M «fe N 102% L02 Jan. L07% Apr. 2d mortgage, 5 g.............. 1939 F <& A 72 70 Feb. 79 Apr. 106 Mar. 107 May Consol., 5 s ......................... 1902 M «fe N Debent. M„ series B ....... 1939 J <fe J 20 b. 21 Mar. 28% Apr. Mil. LakeSh.&W.—1 st, 6 g.1921 M «fe N 125i2b. 124 Jan. 130 Apr. E xten . & Im p., 5 g.......... 1929 F <& A 109 b. 105% Feb. H o is July West. N. Y. & P a —1st, 5 g.1937 J «fe J 97 %a. 97 July 101% May 2d m ortgage..1................. 1927 A «fe O ! 20% 18% Feb. 22 Jan. Mo. K. & E.—1st 5s, g., gu.1942 A «fe O 76 b. 76i2 June 83% Mar. 83% Apr. West. Un. T e l—Col.tr„5S.1938 J & J 105 %b. 103 Jan. L09 June M. K. & Texas.—1st, 4s, g.1990 J «fe D 78i2b. 78 Jan. 51 June 76% Man. 2d, 4s, g .............................. 1990 F <fe A 4113 a. 38 June 48% Apr. Wise. Cent. Go.—1st, 5 g ..l9 3 7 J «fe J 54% Income, 5 g ............... ....1 9 3 7 * 10 b. 9 June 18 Feb. Mo. Pae.—1st, eon., 6 g ___1920 M «fe N * 94 b. 87 Jan. 101% Apr. N ote .—“b” indicates price bid ; “a” price asked ; the range is m ade up from actual sales only. * Latest price th is week, t Trust receipts* NEW YORK STOCK EXCHANGE PRICES—(Continued J.—I2Y<4C2TF.E7 BONDS—J U L Y 13. SECURITIES. Bid. Ask Railroad Bonds. (Stock Exchange Pries».) 90 A lab am a Mid.—le t, g„ gu ar..1928 86 A. T. A S, p —id, 4s, Class B .1989 Col. Mid. 1st, g„ 6 s ...............1936 *77*" ‘ 7 9 ' A tla n tic <fe Danv.—1st g„ 6 s ..1917 Atl. A P ac.—2 d W. D„ gu. 6 s,.1907 B alt. A Ohio—1st. 6s, P a rk B .1919 116 121 ....................... 1925 *112% i s , g o ld ... SECURITIES. B. <feO.—Jons, m ort., go ld ,5 s.l9 8 8 W. Va. <&P itts.—1st, g., 5 s ..1990 B. & O. S. W., 1st, g., 4 % s...l9 9 0 Monofi. River, ls t g .,g . 5 s ... 1919 Jent’l Ohio Reor.—1st, 4% s.l930 Ak.«fc Ch. Juno.—1st, g,5s,gu. 1930 Bost. H. Tun. <fe W —Deb. 5S.1913 Brooklyn Elevated-=r2d, 5 s ... 1915 Brunswick A W’n—1st, g. 4s, 1938 Huflt. Ro h .«¿P itts.—G en .,5 s.l9 3 7 Bid. Ask. SECURITIES. Bid. ......... 115% B . R.«feP.—Roch. P ., 1st, 68.1921 123 Roch, «feP itts.—O ons.lst, 6s.1922 105 Burl Ced. Rap. & No.—1st, 5 s.l9 0 6 105% Consol. <fe collât, trust, 5 s ...1934 104 105% Minn. <fe St. L.—1st, 7s, g u ..l9 2 7 Iow a C. A West.—1st, 7 s ...: 1909 Ced. Rap. I. F. <&N., 1st, 6 s.l9 2 0 101% 60 1st 5s 1921 58 C. Ohio—Col. <feCimM.1st,4%s. 1938 97" 98% Cent. RR. A Lank.—Col. g ,5 s ..1937 ...... Ask. 125 117% 106% 97 ...... THE CHRONICLE. 66 I Vol. L1X. NEW ¥08«: STOCK EXCHANGE PRICES.—IN AC TIVE BONDS—fContinued.)—JU L Y 13. SECURITIES. Bid. Ask. 113 SECURITIES. E.&T.H.—3ul.C o.B r.lst,g.,58.1930 Ev.&Rlch.—1st gen .5s,g.gu .l931 Svans. A Indian.—1st, con s.. 1926 Flint & P. Marq.—Mort., 6 s . . . 1920 1st con. gold, 5 s......................1939 Port Huron—1st, 5 s ............. 1939 Fla. CeD & Pen.—l s t g . 5 s ....1 9 1 8 1st con. g., 5 s ......... ...............1943 Ft Worth & R .G .—l s t g . , 5S..1928 Gal. Har. A San Ant.—1st, 6 s. 1910 Gal. H. &S. A.—2d m ort., 7 s .. 1905 Ga. Car. &Nor.—1st, gu. 5s, g.1929 Ga. So. A Fla.—1st, g. 6s......... 1927 Grand Rap. & Ind.—Gen. 5 s. .1924 G. B. W. <6 St. P.—2d inc. tr. rects. Housatonio—Cons, gold 5 s .... 1937 N. H aven A Derby, C ons.5s..l918 Hous. &T. C.—Waco A N. 7S..1903 1st g., 5s (int. g t d ) . 1937 Cons. g. 6s (int. g t d ) ....-----1912 Debent. 6s, prin. & int. gtd. 1897 Debent. 4s, prin. A int. gtd.1897 Illinois Central—1st, g., 4s ...1 9 5 1 1st. gold, 3% s........................,1951 Gold 4 s ....................................1 9 5 3 Cairo Bridge—4 s . . . . . . ......1 9 5 0 Springf. D iv.—Coup., 6 s___ 1898 Middle D iv.—Reg., 5s........... 1921 C. St. L. A N. O.—Ten. 1., 78.1897 1st, consol., 7s.................. ..1 8 9 7 2d, 6 s..................................... 1907 Gold, 5s, cou p on .................1951 Memp, D iv., 1st g. 4 s ........1951 Ced. Falls & Minn.—1st, 7s. .1907 Ind. D. & Spr.—1st 7s, ex. cp .1906 Ind.D.&W.—1st 5s, g .,tr .r e c ..l9 4 7 2d, 5s, gold, tru st receip ts.. 1948 Inc. M. bonds, trust r e c e ip ts---Ind. His. & Iowa.—1st, g, 4 s.. 1939 Int.&G. N’n—lst,6 s,g ................1919 K ings C o.-F.E l.,lst,5,g. ,gu. A. 1929 Lake Erie & West.—2d g., 5s. 1941 L. 8. &M.Sou.—B.&E.—N e w 7 s .’98 Det. M. A T.—1st, 7 s............. 1906 Lake Shore—Div. bonds, 7 s. 1899 Kal. All. & G. R.—1st gu. 5S.1938 Mahon’g C oalRR.—1st, 5 s .1934 LehighV.^N.Y.—1st gu.g.4% s.l940 Lehigh V.Term.—1st gu. 5s,g. 1941 Lehigh V’y Coal—1st 5s,gu .g.l933 1atehf. Car.& W est.—1st 6s. g.1916 Long Island—1st, 7 s ....... .....1 8 9 8 Gold 4 s ..................................... 1932 N. Y. & R’w ay B.—1st, g. 5 s. 1927 2d m ortg., i n c . . . . ...............1927 N.Y.&Man.Beach.—1st, 7s, 1897 N.Y.B.&M.B.—1st con. 5 s,g .l9 3 5 Brookl’n&Montauk—1st,6s. 1911 1st, 5 s ..................... 1911 Louis.Evans.&St. L.—Con.5s.1939 Louis.& Nash.—Cecil. Br. 7 s ..1907 E. H. A Nash.—1st 6s, g ....l 9 1 9 Pensacola Division, 6 s ......... 1920 St. Louis Division, 1st, 6 s ...1921 2d, 3 s..................................... 1980 Nashv. A Decatur—1st, 7 s ..1900 S. f.,6s.—S. & N. A la..............1910 10-40, gold, 6 s....................... 1924 50-year 5s, g .,......................... 1937 Pens. & At.—1st, 6s, gold. ..1921 Collat. trust, 5s, g .................1931 Lo u.N. Alb. &Ch.—Gen. m. g. 5 s. 1940 Manhattan Ry.—Cons. 4 s....... 1990 Manito.S.W.Coloniza’n—5s ,g .l9 3 4 Memphis & Chari.—6s, gold .. 1924 1st con. Tenn lien, 7 s...........1915 Mexican Cent. Consol.—4s, g.1911 1st, cons, incom e 3s, g.........1939 Mex. International—1st, 4 s,g .l9 4 2 Mexican National—1st, g., 68.1927 2d, incom e, 6s, “A” ...............1917 2d, incom e, 6s, “ B ” . . . ........1917 Michigan Central—6 s...............1909 Coupon, 5s................................1931 Mortgage 4 s ............................ 1940 Bat.C.&Strgis.—Ist,3s,g.gu .l939 Mil. L. S.&W.—Uonv. deb., 5 s .1907 Mich. Div., 1st, 6s.................1 9 2 4 Ashland Division—1st, 6s ..1 9 2 5 Incom es....... ......... ..................... Minn. A St. L.—1st, g. 7 s .........1927 Iowa E xtension, 1st, 7s....... 1909 1891 2d mortg., 7 s................. Southwest E xt.—1st, 7 s....... 1910 Pacific E x t.—1st, 6 s ............. 1921 Impr. & equipment, 6s.........1922 Minn. A Pac.—1st mortg., 5 s. 1936 Minn.St.P. &S. 8.M—1st o.g. 4s. 1938 Mo.K.&T.—K.C.&P., I s t ,4 s ,g .l9 9 0 Dal. & Waco—1st, 5s, g u ..,.1 9 4 0 Missouri Pacific —Trust 5 s .. .1917 1st coll., 5s, g .........................1920 St L.&I. M .~A rk .B r.,lst,7s.l895 Mobile A Ohio—1st ext., 6 s ...1927 St. L. & Cairo--4s, guar....... 1931 Morgan’s La. & T.—1st, 6s 1920 1st, 7 s .............................. 1918 Nash. Chat. A St. L.—2d, 6 s .. 1901 N. O. &. No. L.—Pr. 1., g., 6 s.. 1915 N. Y. Central.—Deb. g. 4 s___1905 N. J. June—Guar. 1st, 4 s ... 1986 Beech Creek—1st, gold, 4 s .. 1936 Osw. A Rome—2d, 5s, g.,gu .l915 U tica A Bl. Riv.—48, g., gu.1922 N. Y. A Put.—1st, g., 4s. gu.1993 N. Y. N. H. A H.—1st, re». 4 s .1903 N. Y. & Northern—1st, g. 5 s .. 1927 N. Y. Susq. & West.—2d, 4% s.l937 Gen. m ort., 5s, g .................... 1940 ST. Y. Tex. A Mex.—Ist,4s,gu .l912 North’n Pacific—Divid’d scrip ex t. Jam es River Val.—1st, 6 s ...1936 Spokane A P al.—1st, 6s___ 1936 St.Paul A N. P .—Gen., 6 s ..1923 Oant. of N. J.—Conv. deb., 6 s .1908 117 O in eralPacific—Gold bds, 6s, 1895 lO O hi Gold bonds, 6 s ....................... 1896 1005a Gold bonds, 6 s....................... 1897 100% San Joaquin Br., 6 s............... 1900 103 Mort. gold 5 s . . , ...................... 1939 99 Land grant, 5s, g....................1900 Cal. & O. D iv., ext., g. 5 s ...1918 West. Pacific—Bonds, 6 s---- 1899 1031« 104% No. Railway (Cal.)—1st, 6S.1907 50-year 5 s ............................ 1938 "90"‘ 108% Ohss. A O.—Pur. M. fund, 6 s .1898 6s, gold, series A ....................1908 i l 7 " ‘ 118% 95 Crsug Valley—1st, g., 5 s---- 1940 Warm Spr. Val., 1st, g. 5 s .. 1941 •Oles. O. & So. West.—1st 6s, g.1911 50 2d, 6 s .........................................1911 Ob. V.—G en .con .lst,gu .g,5s.l938 licago A Alton—8. F ., 6 s — 1903 114% Louis. & Mo. River—1st, 78.1900 1175& 2d, 7 s ............... 1900 St. L. Jacks. & Chic.—2d, 7 s.l8 9 8 1051« Mlss.R. Bridge—1st, s. f., 68.1912 105 Ohio. Burl. A Nor.—1st, 5 s___1926 1031« Debenture 6 s ................ -.........1896 95% 43410. Burling. & Q.—5s, s. ¿..1901 *105% Iow a D iv.—Sink, fund, 5 s .. 1919 Sinking fu n d ,4 s.................. 1919 96% Plain, 4 s....... . , .............. 1921 89% 98 Chic & Indiana Coal—1st 5 s .1936 95 Ohi. Mil. & St. P —1st,8s,P .D . 1898 116% 117 123 120 2d, 7 3-10s, P. D ......... .......... 1898 1st, 7s, $ g., R. D ....................1902 123% 123% 1st, I. & M .,7 s....................... 1897 114 1st, I. & D., 7 s........................1899 116 ls t,C . &M„ 7 s ....................... 1903 123% 125 1st, I. & D. E xtension, 7 s. ..1908 126% 134 1st, La C. & D av., 5 s ............ 1919 105 1st, H. & D .,7 s ......................1910 123 124% 1st, H. & D .,5 s ......................1910 104 Chicago A Pacific D iv., 6 s .. 1910 116% 117% 104 Mineral Point D iv. 5 s .......1 9 1 0 O. & L. Sup. D iv., 5 s . . . . . . . . 1921 Fargo & South., 6s, A s s u ...l9 2 4 Inc. conv. sink, fund, 5 s___1916 *97% Dakota & G t. South., 5 s___1916 104 Mil. & Nor. m ainlin e—6 s ... 1910 116 10 i% Clilc.&N.W.—30 year deb. 5s, 1921 Bacanaba & L. S. 1st, 6 s___1901 D esM . & Minn.—1st, 7 s ....1 9 0 7 Iow a Midland—1st, 8 s.........1900 Peninsula—1st, conv., 7 s ...1 8 9 8 Chic. A Milwaukee—1st, 7s. 1898 11050 ' Win. A St. P —2d, 7 s.............1907 125% MU. & Mad.—1st, 6 s ............ 1905 114 Ott. C. F. A St. P.—1st, 5 s .- 1909 107 ¿.»Northern 111.—1st, 5 s.......... 1910 107 96 Oh.Peo. &St.L.—C o n .lst,g .5 s.l9 3 9 O R.I.&P.-D.M .&F. D. 1 st 48.1905 50 1st, 2%s.................................1905 48 Extension, 4 s ......................1905 Keokuk A D es M.—1st, 5 s .. 1923 *99% lOO .... Chic. & St.L.(Atch.)—1st, 6 s ..1915 Chic. St. P. & Minn.—1 s t,6 s ...1918 125% Iz7 St. Paul &S, C.—1st, 6 s....... 1919 Chic. A W. Ind.—1st, s. f., 6S.1919 127% General mortgage, 6 s...........1932 <Cin Ham. A D.—Con. s. f., 7s. 1905 1937 2d, gold, 4*28............... 98 Cin. D. A Ir’n—1st, gu. 5s, g. 1941 Olev. Ak. & Col.—Eq. A 2d 6 s.l9 3 0 C.C.C. A St. L., Cairo div.—4s, 1939 92 8t.Lou.Div.—lstc o l.ts’t4 s,g .l9 9 0 90 Bpring.&Col.Div.—lst,g . 4s. 1940 *84 89 VniiteW.Val.Div.—lst,g . 4s. 1940 87 90 Cin.Wab. &M. Div.—lst,g .4 s.l9 9 1 Uin. I. St. L. & C.—Ist,g .,4 s.l9 3 6 91 C onsol, 6 s................ 1920 Cin.San.&Cl.—C on.lst,g.5s, 1928 103 ......... Ol.Col. Cin. & Ind.—1st, 7 s,s.f.l8 9 9 114 Consol, sink, fund, 7 s .......... Cleve. A Mah. V.—Gold, 5 s ... 1938 O fiumbia A Green.—1st, 6 s . . . 1916 *100 2d, 6 s ...................................... DaL Lack. A W — Mort. 7 s .... 1907 *130 *129 131% Syra. Bing. & N. Y.—1st, 7s 142 M o rris* E ssex—1st, 7 s__ 113% 1 1 5 s Bonds, 7 s ............................. 7 s of 18 7 1........................... 1901 120 1st, con., guar., 7 s........... . 1915 13s% Del. & Hud. Can.—Coupon 7 102% ......... ....... 1917 140 Pa. D iv., coup., 7 s .. Albany A Susq.—1st, gu.,7s, *131 1st, cons., guar., 6 s.......... 121 Bens. A Sar.—1st, coup., 7s *134 Denver City Cable—1st, 6 s ... D env. Tramway—Cons. 6s, g. Metropol. Ry.—lst,g u . g.6s Denv. A R. G.—Im p .,g., 5 s... Duluth A Iron Range—1st 5s 91 K. Tenn. Va. <fe Ga.—1st, 7s... 110 112% D ivisional 5 s.......................... *110 1st ex t., gold, 5 s ................... *39 Eq. & lm p .,g .,5 s.................... 1938 *70 75 MobUe & Birin.—1st, g., 5s.. 1937 Alabama Central—1st 6 s... 100 Erie—1st, extended, 7 s ......... . 108% 2d, extended, 5s................... . *115 Sd, extended, 4%s............ *108% 110 1 4 th , extended, 5 s.................. 112 t u, extended, 4 s................... 100 1st, con., g., f d , 7 s .............. Reorg., 1st lien, 6 s............... 1908 *105 B. N. Y. A E .—1st, 7 s.......... 1916 128 N. Y i L. E. & W —Col. tr.,6s Funded coup., 5 s ................... *67% ‘"7 5 ” Buff. A S. W.—Mortg. 6 s ....1908 Jefferson—1st, gu. g. 5 s 1909 Coal A RR.—6 s......................1922 Dock A lm pt.,lstG s, cur’cy.1913 Eureka Springs—1st, g., 6 s ... 1933 E vans. A T.H.—1st,cons.,6s. .1921 110 1st, general, g., 5 s ................1942 Mt. Vernon 1st 6 s ............... 1923 * No price Friday; theoe are the latest quotations made this week. Bid. Ask SECURITIES. Northern Pacific—(C ontinued.) 105 Helena&RedM’n—lst,g ., 6 s .1937 52% Duluth&Manitoba—lst,g .6 sl9 3 6 Dul.&Man D ak.Div.—Ist6 s.l9 3 7 115% Cœur d’Alene—1st, 6 s, gold. 1916 Gen. 1st, g., 6 s ......................1938 *80 Cent. Washington—1st,g .,6s.l938 103 Norfolk & South’n—1st, 5 s,g .l9 4 1 *92 Norfolk A West.—General, 6 s .1931 60 New River, 1st, 6 s ................1932 100 1934 Im p. A E xt., 6 s ....... *91 Adjustment M., 7 s ................ 1924 Equipment, 5 s . . . . . ................ 1908 Clinch Val. 1st 5 s . . . . ......... .1957 32 Roanoke&So.—1st, gu. 5s, g.1922 *11 Scioto Val. A N. E.—1 st,4 s,.1990 11738 Ohio & Miss—2d consol. 7 s ...1 9 1 1 113 Spring.Div.—1st 7s................1905 105 General 5s................ . . . . . . . . . 1 9 3 2 104 101 Ohio R iver RR.—1st, 5s...........1936 105 Gen, g .,5 s ................................1937 96 Oregon A Califor.—1st, 5s, g.1927 80 Oreg. R y& Nav.—Col.tr. g.. 5s. 1919 Pan. Sink.F’d Subsidy—6 s, g. 1910 98 9/% 98% Penn.-P.C.C&St.L.Cn.g.4%sA1940 Do do Series B ......... P. C. <feS.L .-l st,e. ,7 s ................ 1900 105 P itts. Ft. W. A C.—1st, 7 s ... 1912 2d, 7 s ....................................1912 109% 3d, 7 s ................. 1912 110 Ch.St.L.&P.—1st,con.5s,g... 1932 Ciev. & P .—Cons., s. fd., 7S.1900 113% Gen. 4%s, g., “ A” ............. 1942 St. L.V.& T. H.—1 s t , 6 s., 7 s. 1897 *93“ 100 2d, 7 s ..................................... 1898 2d, guar., 7 s . . . . .................. 1898 i ’dô" Gd. R. &I.Ext.—lst,4% s,G. g. 1941 Peo.& E.-Ind.B.& W .-lst,pf.7s.l900 Ohio Ind.&W.—ls tp r e f.5 s ..l9 3 8 *77% 79 Peoria & Pek. Union—1st, 6 s .1921 109% 111 2d mortg., 4%s.......................1921 *75 Pitts. Cleve. & Tol.—1st, 6 s ... 1922 102 % P itts. A L. Er.—2d g. 5s, “A” . 1928 112 % 113 Pitts. Mc. K. A Y.—1st 6 s___ 1932 Pitts. Painsv. A F.—1st, 5 s ... 1916 il4 " Pitts. Shen. & L .E .—1st,g .,5 s.1940 110 Pitts. & West.—M. 5s, g.1891-1941 110 Pitts.Y ’gst’n&A.—1st, 5s,con .l927 99 Pres. A Ariz. Cent.—1st, 6 s, g.1916 105 2 d incom e 6 s ........................... 1916 Rich. & Danv.—Debenture 6 s .1927 95 111% 113% Equip. M. s. f., g., 5 s............. 1909 Am. A Char.—1st, pref., 7 s .. 1897 do. Incom e, 6 s . . . . 1900 Wash. O.&W.—1st, 4s, gu.cy., 1924 37% 43 Rio Gr. Juno.—1st, gu., g., 5S.1938 Rio Grande So.—1st, g., 5 s ... 1940 98 St. Jos. A Gr. Is.—2d in c......... 1925 Kan. C. A Omaha—1st, 5 s .. 1927 111 St. Louis A. <fc T. H .— 45 109 110% Bellev. & So. 111.—1st, 8 s .,.1 8 9 6 Bellev. A Car.—1st, 6 s . ........ 1923 '112 Chi.St.L.&Pad.—1st,gd.g.5s 1917 St. Louis So.—1st, gd. g. 4 s. 1931 116 do 2d incom e ,5 s .1931 57 Car. & Shawt.—1st g. 4 s ....1 9 3 2 109% 110% St. L. & 8. F.—2d 6 s, g., cl. A . 1906 104 Equip., 7 s ................................ 1895 100 General 5 s................................1931 90 1st, trust, gold, 5s.................. 1987 97 Consol, guar., 4 s .................... 1990 Kan. City A S.—1st, 6 s, g ...l 9 1 6 63 Ft. S. & V. B. B g .- 1 s t , 6 s . . . 1910 98 K ansas Midland—1st, 4s, g.1937 St. Paul A Duluth—1st, 5 s___1931 *55 2d m ortgage 5s....................... 1917 110 St. Paul Minn A M.—1st, 7 s ..1909 2d mort., 6 s .................. ....¿ ..1 9 0 9 Minneap. Union—1st, 6 s ___1922 70 Mont. Cen.—1st, guar., 6 s ..1937 85 1st guar. g. 5 s ......................... 1937 East. Minn., 1st div. 1st 5 s. 1908 Wilmar&SiouxF.—1st, g,5s.193s San Fran. A N. P .—1st, g., 5a.i919 '116 South Carolina—2d, 6 s...........1931 98 Income, 6 s . . . . . . . ...................1931 So. Pac. Coast—1st, guar.,4s. 1937 id i " 106 Ter.RR. As’n of S t.L .-lst,4% s.l939 '122 Texas &New Orleans—1st,7 s .1905 '123% Sabine D ivision, 1st, 60____ 1912 Consol. 5s, s ......... . 1943 118 Ten. A Pac., E. D.—1st, g. 6 s .1905 115 Third Avenue (N. Y).—i s t 5s, 1937 123 140 Toi. A. A. & Cad.—6 s ................ 1917 130 140 Toledo A. A. csG’dT r.—g. 6 s. 1921 113 Tol. A. A. A Mt. P i.—6 s ....... ..1 9 1 9 110 Toi. A. A. & N. M.—5s, g......... 1940 T.&O.C.—Kan.& M., Mort. 48.1990 72% Ulster A D el.—1st, con., 6 .,5s. 1928 Union Pacific—1st, 6 s . . ..........1 8 9 6 80 1st, 6 s . . . . . . ...... .1897 1st, 6 s ............. 1898 70 Collateral Trust, 6 s ...............1908 100 Collateral Trust, 53 ...............1907 Kansas Pacific—1st 6 s, g ...l 8 9 5 1st, 6 s, g ................................ 1896 '111 C. Br. U. P - F . c., 7 s...........1895 '124 Atoh. Col. 4 Pac.—1st, 6 s ... 1905 Atch. J. Co. & W.—1st, 6 s ... 1905 108 U. P. Lin, A Col.—1 st,g., 5s. 1918 103 Oreg.S.L.&U.N.,col. trst.,58.1919 Utah & North.—1st, 7 s ......1 9 0 8 103 Gold, 5 s .................. 1926 105 107 Utah Southern—Gen., 7s ..1 9 0 9 '102 E xten ., 1st, 7 s.................... 1909 101% 103 Valley R’y Co. of O.—Con. 6 s .1921 Wabash—Debenture, Ser. A .. 1939 '116 Det. A Chic. E xt. 1st, 5s, g ..l9 4 0 85 No Missouri—1st, 7 s ...........1895 ’Vo" 93 ât L1.K.C.&N.—R.E.&RR.7S.1895 St. Charles Br’ge—1st, 6 s ... 1908 ”24 ’ 30 West. Va. C. & Pitts.—1st, 6 s .l9 1 1 78 Wheei.&L.E.—1st. 5s, g o ld ... 1926 E xtension & Imp, g., 5s....... 1930 F o r f f i i s e l la n e » u s aad Bid. Ask. 70% 7o% 101 102 % 115 111 77 70 112 ......... 110 101 85 ____ 79 49 10 3 " 103% ......... 103% 133 132 132 115 116% 106% 106% 100 % 102 % 113 110 64 87 82 95 92 70 85 47% 103 88 106 92 110 % 79% 70 49% 114 104 110 117 119 Ï1Ô" 112 98% 102 88 '103 90 106 115 62 78 78 75 73% 101% 103% 103% 103% 103% 76 56 100 100 103 104 40 40 35 *33 100 79 98% 103 105% 105% 106 102% U a l i s t e d B o n d s .- S e e 31 page preealing 14, J oly —■ "" 1894.] ------------- ---------------— R oads. fttttje s ir a m t AND The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con tains extended tables o f the Stocks and Bonds of Railroads, <and other Companies, with remarks and statistics concerning the income, financial status, etc., o f each Company. I t is published on the last Saturday o f every other month—viz., «January, March, May, July, September and November, and is Jum ished without extra charge to all regular subscribers o f the C h r o n ic l e . Ihe General Quotations o f Stocks and Bonds, occupying six pages of the C h r o n ic l e , are published on the t l i i r d S a t u r d a y o f each month. RAILROAD EARNINGS. Latest E a rn in g s Reported. Week or Mo 1894. 1893. J a n . 1 to L atest Date. j 1894. I 1893. » $ $ 5 I 67,458 70,977 Adirondack___ IM ay........... 13,988 13,337 Ala. M idland... M ay........... 221,223 190.726 36,356 32;901 A llegheny Vai. May........... 135,392 240.847 795,293 1,083,657 A nnap. w . & B .. A p ril......... 14,049 17,359 4,009 4,085 Ark. Midland. M ay_____ 33,003 32,305 6,861 4,973 A toh.T .*S. Fe. 4th wk J ’ne 560,263 936,273 14,715,444 19,203,847 8t. L. & San F 4thwk J ’ne 156,504 228,500 3,558,939 4,240,347 Agg. to ta l... 4th Wk J ’ne 716,767 1,161,772 18,274,383 23,444,194 A tla n ta * Char a 263,301 226,446 51,490 57.819 .Atlanta & W. P April......... 148,427 159,580 32,618 27,412 Austin & N’west March....... 65,789 55,100 17,157 17,914 B.&O.EastLines 1,242,791 1,653,838 6,187,459 7,612,167 Western Lines M ay........... 350,428 511,010 1.741,306 2,575,414 Total........... . M ay........... 1,593,219 2,164,848 7,928,765 10,187,581 Bal. & O. Sou’ w.d lstw k July 2,995,997 3.425.937 86,071 119.35 Bath & Ham’nds May........... 8,762 7,883 1,512 1.834 Bir. & A tlantic.. J u n e ......... 17,171 1,562 10.911 2.363 Brooklyn E le v .. Wk Ju ly 7 946,963 1,031,048 29,342 31,201 BuftRooh.&Pitt lstw k July 51,283 71,650 1,126,737 1,727,870 Bur.C.Rap. & N 4th wk J ’ne 81.873 95,598 1,762,313 1,883,961 233,280 C am den* A tl.. M ay........... 254,594 64.249 58,959 OanadianPacitic lstw k July 347,000 431.000 8,484,086 9,890,997 Car.Cum.G&Ch. 15,863 17,735 4,603 3,227 21,644 23,510 Oar. M idland.... 2,466 2,491 Central of N. J .. M a y ......... 1,069,446 1,263.969 4,535,861 5,816,570 Central Pacific.. 1,117,190 1,154,365 3,749,928 4,113,298 Central of S. C.. A p ril........ 39,356 36,807 6,162 7,797 81.912 77.496 Char.Cin.&Chic. J u n e ......... 10,350 9,821 265,036 267,207 Charlest’n&Sav A pril......... 57,166 52.578 Char.8um.& No. 79,071 80,726 8,300 7,500 C hat’qua Lake.. M ay........... 21,250 15,557 3,454 4,904 42,994 36,325 Cheraw. &Darl.. M ay: ......... 4,512 5,924 C hes.A Ohio__ lstw k July 136,270 175,023 4,218,787 5,121,876 986,352 809,938 Ches. O. &So.W. May ......... 161,875 185,229 665,967 1,010.061 Chic. Bur. &No . M ay........... 139,380 224,002 Chic. Btir. & Q.. M ay........... 2,516,316 3,290,842 12,796,691 15,683,329 C hic.* East. III. 4th w k J’ne 38,131 92,597 1,475,348 2,120,417 908,248 1,211,191 C h icago* Erie. M ay.......... 172,574 232,998 Ohio. Gt. West’n 4thwk J ’ne 72,128 101,861 1,674,476 2.070.937 Chic. Mil. & 8t.Pt 4thwk J ’ne 724,106 828,92 13,678,295 16,210.364 Chio.&N’thw ’n.. M ay........... 2,568,315 3,157,076 11,526,744 13,160,676 554.502 425,794 dhlc.Peo.*S.L ... 4thwk J ’ne 18,694 16,893 Chio.R’k I . * P . . 1,223,697 1,717,163 8,032,807 8,994,554 Ohic.St.P.M.&O. M ay........... 661,973 637,853 2.931,892 3,210,886 964.016 751,685 Chic. & W. Mich. lstw k July 36.859 27,360 31,635 31,623 Cin. Ga. & Ports. 5.494 5,789 4,404 3,613 ■Gin.& Kent. Sou 1,532 1,307 302,237 352,358 O n . J a c k * Mac. lstw k July 10,736 12,058 O n .N .O .& T .P . 247,000 343,016 1.392.000 1,665,351 738,133 551.000 Ala. Gt. South. M ay........... 95,000 144,791 589.726 467.000 N .O rl.& N . E. 80,000 113.000 226,846 204.000 Ala. & Vioksh. M ay: ......... 38.000 33.000 213,552 206.000 Vicks. 8h. & P. M ay........... 34.000 33.000 Erlanger Syst. 488,000 672,807 2.820.000 3,433,608 117,121 128,843 Cin. Ports. & V.. 24,176 24,348 6,799 4,906 Col. & Maysv. 1,293 997 378,240 334,408 Olev.Akron&Co. 3d wk May 16,064 18,093 CL Cin.Ch.&S.L. 4th wk J ’ne 303,544 358,893 5,904,458 6.672.937 523,335 479,680 Peo. & E ast’n. 115,455 138,489 26,092 32,946 3,849 Col. Newb. & L. 5,204 914,830 1,328,940 Col. H. V. & Tol. M ay........... 104,886 243,309 54,634 Ool.Shawnee&H J u n e ......... 53,152 10,555 7,667 1,900 Colusa & L ake.. 1,300 6,934 4,283 1,342 Crystal............... M ay___. . . 711 343,244 285.360 77.631 Oumb’ld Valley M ay........... 60,013 63,886 63,578 2,768 Current R iver.. 4th wk J ’ne 2,136 49,400 113,100 3,072,301 4,402.746 D env. & Rio Gr, lstw k July 607,037 514,666 25.631 Det.Lans’g&No. lstw k July 17,248 741,943 1,030,097 77,760 63,157 DuiuthS.S.&Atl. 4thw kJ’ne 106,509 50,480 25,345 D uluth Sc Winn.. M ay......... . 8,773 E.T enn.V a.* Ga 4 thw kJ’ne 126,830 170,572 2,474,103 2,873,486 460,676 493,012 65,987 E lgin. Jcl.&East J u n e ......... 55.563 21,442 28,218 • 8,028 5,788 Eureka Springs. A p r il...... 178,054 126,531 7,657 E vans & ind’pli& 4thwk J ’ne 4.805 70,362 51,516 3,000 2,773 Evans. * R ich ., 4thw k J’ne 609,757 524,920 32,790 24,515 fivausv. & T. H. 4thw k J ’ne 557,764 647,629 2,574,194 2,954,840 Fitchburg........... 75,152 1,204,258 1,482,012 55,842 F lin t * P.Marq.. 4thwk J ’ne 65,352 58,230 12.847 14,854 Florence............. A pril......... 806,470 99,628 1,203,771 155,981 Fld.Cnt. APenin 120,220 189,530 27,121 15,325 F t. W. & Rio Gr 5,121 3,137 723 531 Gads. & Att. U-. J u n e ......... 685,484 633,063 18,769 18,900 Georgia RR....... ( lstw k July 289,000 202,053 34,536 46,510 t'jtk. Car’la & No 417.202 414,694 69,984 65.929 Geo. S o .* F la ... I 920,696 1,193,311 42,869 34,254 Gr. Rap. A Ind..! lstw k July 187,569 242,190 6.360 6,574 C in.R .*Ft.W .! lstw k July 25,120 31,977 1.361 923 Traverse C ity. lstw k July 50,327 79,078 3,017 2,754 Mus. G. R. & I. lstw k July 1,183,712 1,546,556 53,607 44,505 Total all lines. lstw k July Grand Trunk .... W kJuly 7 313,650 408,262 8,670,841 9,742,148 79,170 1,440,037 1,762,276 52,109 Chic. & Gr. Tr, Wk J’ne 30 458,580 530,627 22,069 18,223 Det.G r.H .*M . Wk J ’ne 30 12,694 15,291 4,155) 2,527 Georget’n * W’n A pril......... L atest E a rn in g s Reported. Week or Mo 1894. $ 1,537 2,425 |la ilr o a x t Roads. 67 THE CHRONICLE. 1893. $ 1,611 2,646 J a n . 1 to L atest Date,, 1894. $ 6,453 19,951 1893 Gr. P.Wal. & Br. April 7,023 G u lf* Chicago. June 19,971 Great North’n St. I .M . AM . J u n e ......... 770,160 1,245,844 4,167,379 5,930,367 East, of Minn J u n e __ 399,145 71,983 107,792 476,502 Montana Cent J u n e ......... 140,694 87,829 699,027 572,872 Tot. system . J“u n e ......... 982,837 1,441,465 5,255,561 6,979,741 H artsv ille ......... A p ril......... 3,300 420 299 4,993 Hoos.Tun.&Wil. M ay........... 3,910 14,387 3,088 14,296 Hous. E.&W.Tex M ay........... 32,495 164,578 27,417 179,515 Humest’n&Sheu J u n e ......... 56,800 9,000 8,976 63,009 Illinois Central. M ay........... 1,453,663 1,739,507 7,205,781 7,948,425 Ind.D eo.* West. M ay........... 137,880 30,216 33,707 183,935 \ In .*G t.N orth ’n lstw k July 42,562 50,733 1,456,503 2,045,943 Ilnteroc. (Mex.) WkJune23 41,796 40,789 1,189,397 1,080,034 Iowa Central. . lstw k July 23,211 29,647 19.534 Iron R a ilw a y .. J u n e ......... 2.411 5,020 22,486 Jack. T. & K. W A pril......... 366,324 66,487 67,065 379,036 Kanawha&Micb lstw k July 180,240 4,801 6.406 176,150 138,3?,3 Kan.C. Cl. & 8p. 4thwk J ’ne . 6,907 5,991 133,082 K.C.F.S.&Mem 4thwk J ’ne 91,965 1,871,847 2,209,902 85,206 K.C.M em.*Bir 4th wk J’ne 22,322 492.539 21,330 539,337 155,425 K. C. P itts. & G. 4thwk J ’ne 8,942 4.942 52,205 Kan.C. Sub.Belt 4th wk J',ne 109,795 7,657 7,987 107,018 Kan.C.Wy.&N W 3dwk June 6,174 4,617 145,968 152,789 KaD.C.&Beat. 3dwk June 5,520 213 230 6,481 Keokuk & West. 4thwk J ’ne 177,622 8,696 8.038 182,363 L. Erie All. &So. J u n e ......... 6,713 32,753 3,785 40,189 L. E r ie * W est.. lstw k July 54.580 67.671 1,553,167 1,868,734 Lehigh A H ud.. J u n e __ _ 200,529 42,764 48.711 269,838 Long Island__ M ay........... 375,510 389,213 1,363,637 1,415,973 Louis.* Mo.Riv. A p ril.. . 100,181 24,778 33.548 132,318 Louis.Ev.&St.L. lstw k July 700.578 16,666 30,681 901,146 Louisv.&Nashv. lstw k July 266,405 389,635 9.471,359 11,108,346 Louis.N.A.&Ch. lstw k July 74.501 1,313,493 1,673.108 23,736 Lou.St.L7& Tex. 1stw k July 203,017 7,395 9,866 306,261 Louisv. South .. 4thw k j ’ne 293,011 15,813 16.296 342,704 Macon & Birm .. J u n e ......... 31,833 5,418 4,180 33,730 Manches &Aug. A pril......... 3,630 1,122 604 5,721 30.798 M anistique____ Tune......... 10,582 8,065 66,223 Me mphis&Chas. 4thw k J ’ne 615,966 32,753 33,917 735,178 1Mexican Cent. lstw k July 137,435 113,970 4,427,188 4,171,252 Mexican Inter’l. M ay........... 163,751 173,743 883,118 886,445 ' tMex. National. lstw k July 59,803 2,177,778 2,273,482 71,640 210,497 Mex. Northern. April......... 56,309 i Mexican R’waj Wk June30 59,711 1,589,224 1,576,092 63,749 791.540 Min neap. &St.L\ J u n e ......... 133.928 166,547 859.708 M o.Kan.&Tex.. lstw k July 149,117 176,973 4,327,715 4,848,604 Mo.Pac.&lronM lstw k July! 222.831 375,172 10,890,074 13,109,217 127,308 5,410 Mobile * Birm. tth w k J’ne 5,434 141,591 M obile* Ohio.. J une . . . . 247,439 2 5 9 ,’ 48 1,592,385 1,666,845 565,694 Mont. & Mex. Gli J u n e ......... 81,643 90.000 536,213 Nash.Ch.&St.L, J u n e . . . . . . 350,288 382,255 2,251,538 2,457,355 7,028 Nevada Centra! March....... 4,045 2,008 11,596 42.799 20,306 N. Jersey &N.Y. February. 19,435 41,971 48,032 NewOrl.&So’n .. J u n e ......... 8,498 5.793 63,660 N.Y.C.AH.R__ J u n e ......... 3.500,412 4,197,306 19,800,855 22,670,813 N. Y. L. E. A VV M ay........... 2,024,206 2,501,614 9,198,635 11,819,674 N. Y.Pa.&Ohio.. M ay........... 413,227 621,980 2,100,773 2,942,756 174,101 N. Y. & Putnam. April......... 48,675 46,725 178.958 N .Y .O n t. &W . lstw k July 76,091 1,817,406 1,882,072 74,695 615,554 N.Y.Susq. & W. M ay........... 151,388 169,663 667,483 190,463 Norf. ASouth’n May........... 46.447 186,369 40,369 Norfolk & West. lstw k J uly 171,308 197,191 4.951,192 5,208.422 250,278 N’theast’n (S.C.) A pril......... 62.447 277,406 50,963 North’n Central. M ay........... 428,463 610,295 2,203,735 2,841,445 North’nPacitio. June ..r ... 904,719 1,877,646 6,152,074 9,627,544 13,019 1,163 O con ee* West May........... 5,725 2,489 301,433 Ohio River......... 4thwk J ’ne 16,457 373,501 15.297 10,677 Ohio Southern.. lstw k July 17,147 154,43» 197,460 40.251 Omaha * S t. L .. A p ril, 33,152 Oregon Imp. Co. M ay.. 310.940 347,942 1,496,506 1,487.697 Pennsylvania... M ay., 4,247,368 6,061,287 22,085,896 28,102,955 386.20 > 450,013 17,227 PeonaDec.&Ev. ls t w k July 10.948 231,219 50.421 Petersburg........ M ay........... 244.208 46Ì326 Phila. & E r ie ... M ay......... 309.608 507,784 1,354,425 1,991,448 Phila.& Read’g. M ay......... 1,628,230 1,964,059 7,312,246 9,050,187 Coal& Ir.Co... M ay_____ 2,136,837 2,054,637 7,876,854 9,264,705 Total both Cos. May......... 3,765,067 4,018.696 15,189,100 18,314.892 16,032 19,748 3,394 Pitts. Mar. &Ch. J u n e ....... 2,415 137,427 152,634 34,396 Pitt.Shen.&L.E. M ay......... 29,223 547,419 681,293 Pittsb. & West-- 3 wks June 66,395 105,051 273,041 383,178 62,064 Pitts. Cl. & Tol. 3w k s June 32,468 119,992 141,492 28.421 P itts. Pa. & P. 3 wks J une 19,083 941.021 1,217,254 65,179 Total system .. 3dwk June 41,624 354,249 - 536,955 Pitt.Young.&A, M a y ...___ 86,781 161,718 127,538 132,275 14,929 Pt. R o y a l* Aug. M ay. . . . . . . 13,409 129,247 120,245 19,326 Pt.Roy.*W.Car. A p ril......... 25,643 110.998 132,184 22,768 19,660 Quino.y O.&K.O. J u n e ......... Rich’d & D anv. lstw k July 137,657 153,313 4,309,585 4,548,622 876,963 957,834 35,957 27,980 Georgia P ac.. lstw k J uly 336,000 332,637 15,614 Char C.&Aug. lstw k July 9,842 281,846 268.209 8,457 Col. & Green v. lstw k July 7,108 Total............ lstw k July 182,587 213,341 5,801,031 6,110,665 297,677 341,393 74,164 63,300 Rich.Fr’ksb.*P. M a y ...---138,646 152,421 32,893 Rich. & Petersb. M ay........... 28,348 167,013 306,084 6,341 5,908 Rio Gr. South’n. lstw k July 975,178 1,150,374 40.150 19,150 Rio Gr.West’n .. lstw k July 54,094 58,310 11,738 Sag.Tuscola&H. J u n e ......... 11,517 27,222 29,555 7.637 6,945 Sag.Val. & St. L. A p ril......... 612,063 776.016 31,670 28,120 St. L. A. & T. H. 4th wk J ’ne 13,315 13,781 1.815 2,149 St.L.Ken’et*8o. J u n e ......... 72,500 2,002,591 2,495,420 44,100 8t.L.Southw’rn. lstw k July 827,450 624.751 St. Paul A D ul’th J u n e ......... 125,636 156,593 147,449 127,038 San Ant. A A .P . January... 127,038 147,449 384,482 364,909 77,222 77,923 S.Fran.* N.Pac. J u n e ......... 207,923 262,435 41,617 32,900 Sav. Am. & Mon. J u n e ......... Sav.Fia. & West. M ay........... 199,492 227,096 1,361,313 1,360,709 129,296 127,695 7,439 6,608 Sher.Shrev.* So 4thwk J’ne 9,852 24,633 9,079 6,500 Silverton............ J u n e ......... 72,810 62,220 23,390 17,506 Sioux City & No. March....... 107,892 80,967 17.150 23,286 South B ou n d ... April......... 679,049 587,639 81,195 South Carolina. J u n e _____ 6 8 .000 So. Pacific Co.— Gal.Har.&S.A April.......... 352,238 371,741 1,289,194 1,499,203 392,130 323,913 84,282 58,818 Louis’a W est.. A p ril.. . . . . Morgan’sL&T. A pril......... 412,528 406,769 1,771,000 1,766,690 71,445 71,990 23,693 20,894 N.Y.T. & M ex. April......... 636,390 521,703 Tex. &N, O rl.. April......... j 117,626 149,262 4,414,665 4,018,402 A tlantic sys.6. A p ril. . . . . . 968,811 1,044,724 Pacific system A pril......... 2,758,756 2,855,480 9,663,308 10,575,179 Total of all.. M ay........... 3,624,426 4,157,951 17,306,136 19,147,785 CoastDiv(Cal.) £ A p r il.... 863,159 909,158 3, 111,102 3,305,411 Sou.Div. (C al) 726,497 688,062 Arizona D iv .. A p r il...... 179,516 183,328 349,527 309.613 80.952 87.877 NewMexJDW-J April......... THE CHRONICLE. 68 L atest E a rn in g s Reported. R oa ds. Week or Mo 1894. 1893. Ja n . 1 to L atest Date. 1894. i t h week o f June. 1893. [Vol. L1X, 1894. $ 1893. $ Increase. $ Decrease. $ $ 3,000 22 r 2,773 5,092 Evansville A Richmond.. 4,943 639 South*; N or. Car. 24,515 32,790 8,27537,308 Evansv. A Terre H aute. 44,523 7,722 Spar. Un. & Col. 75,152 19,310 55,842 339,404 Flint A Pere M arquette.. 334,790 91,134 Staten Isl. R. T. 60,406 52,482 7,924 9,036 Grand Rapids A Indiana. 7,895 2,762 BtonyCl. ACM t.. 1 2 ,'6 0 964 11,196 541,739 I Cincinnati R. A Ft. W-. 379,348 111,018 Summit Branch. 1,782 683 1,099 456,832 j 337,837 103,744 Lykens Valley 3,802 1,298 2,504 Musk. Gr. Rap. A Ind . 998.571 1 Kanawha 717,185 214,762 Tot’lb o th Co’s 7,113 1,499 8,612 A M ichigan___ 100,466 3,011,138 3,385,862 Kansas City Clin. A Spr.. Texas & Pacific. 6,907 5,991 916 22,079 17,931 3,898 Tex.S.ValAN.W 6,759 91,985 85,206 Citv Ft. S. A M em .. 536,119 Kan. 514,844 20,444 Tol.A.A. ANo.M. 992 22,3 22 21,330 Kan. City Mem. A Birm .. 999,080 709,947 31,819 Tol. A Ohio Cent. 4,942 8,942 4,000 Kan. City Pittsb. A G ulf. 461,068 400,339 23,142 Tol. P . A W est.. 330 7,657 7,987 879,506 Keokuk A W estern......... 651,397 45,816 T ol.St.L .A K .C . 658 8.696 8,038 140,359 136,503 36,851 Ulster & D e l— 15,813 "’ *"49*3 16.296 Union Pacific— 33,917 1,164 Memphis A Charleston.. 32.753 Un. Pao. R R .. April......... 1,092,567 1,372,204 4,188,798 5,464,710 Mexican N ational......... .. 98,807 1,365 97,442 Or.S.L. A U. N A p ril....... 442,831 615,129 1,540,836 1,941,167 4,038 63,749 59,711 884,344 1,173,982 Mo i>ile A Birmingham... Or.Ry.AN.Co April......... 219,540 304,517 5,410 24 5,434 870,644 1,311,701 U .P a o .D .A G . April......... 213,668 291,407 1,160 16,457 15.297 497,401 Richmond A D a n v ille... 349,938 84,407 130,886 F t W’th&D.C. April 130,831 12,216 143,047 350.037 285,757 73,084 72,586 St.Jos.AGd.Is. April 25,817 981 26,798 64,705 9,853 40,890 12,269 Kan.C. &Om. IApril, 8,435 1,287 9,722 Char. Col. A Aug........... 598,250 20,812 457,733 14,054 Tot.St.J.AG.I. 4th w k J’ne ...... 6,281 1,336 Columbia A Greenv. .. 7,617 176,136 Rio 146,220 36,492 37,830 Cent.Br...........April 1,289 14,300 Grande S ou th ern .... 13,011 Aeh.Col.&P. ) Arn-il 22,450 76,950 206,550 54,500 130,946 34,852 40,049 Ach.J.C.AW $ 3,550 31,670 St. Louis Alt. A T. Haute. 28,120 221,244 Sherman 115,984 87,160 36,358 Montana U n .. April. 831 7.439 Shreve. A S o ... 6.60-4 13,184 Toledo Peoria 14,492 2,834 3,960 Man.Al.ABur. April 7,21623,142 15,926 A West’n .. 2,395.514 ,153,764 9,248,766 12,389,398 Tol. St. L. A Kan. C ity... Gr’d total.*e April 11,747 45,816 34,069 265,806 393,226 5,337,254 6,534,058 W estern N. Y. A P e n n .. Wabash ........... 4thw kJ’ne 21,100 105,400 84,300 66,157 55,604 13,372 12,759 W aco A Northw. April 604.038 533,105 121,750 147,257 West J ersey.. . . . M ay. 59,292 1,806,362 9,001,152 7,254,082 Total (75 r o a d s ) ........ 455,421 372,560 56,717 105,606 W.V.Cen. A P itts M ay. 1,747,070 116,950 Net decrease (19-41 p.o.). 113,425 32,484 34,976 W est Va. A P itts. April 162,291 37,434 166,407 30,940 Western of Ala.. April The following will furnish a comparison of the weekly 450.571 104,642 425,997 100,937 West. Maryland. May. 84,300 105,400 1,316,418 1,798.500 results for a series of weeks past. W est. N. Y. A Pa. 4thwk J ’ne 774,870 555,038 29,584 26,651 Wheel. A L. Erie lstw k July W EEKLY GROSS EARNINGS. 7,954 1,742 7,275 1,868 Wil.Chad.ACon. A p ril....... ,—;— Changes.------247,372 52,120 214,401 42,601 Wll. Col. A Aug. A p ril....... A m ount. 1893. Period a n d num ber o f roads 1894. 30,042 31,653 5,022 4,836 Wrightsv.ATeri. M ay......... $ P. ct. included. t Includes Milwaukee A Northern for a ll periods. 380,107 dec.910,947 14-28 1st w eek of Jan. (70 roads) 5,469,160 * Figures given do not include Leavenworth Topeka A Southwestern. 2d week of Jan. (72 roads) 5,809,388 495,466 dec.676,078 10-42 a Figures cover only th at part of m ileage located in South Carolina 3d week of Jan. (68 roads) 5,833,371 8-31 362,076 dec.528,705 ft Includes earnings from ferries, etc., aot given separately, i M exi - 4th w eek of Jan. (68 roads) 7,546,386 969,717 d e l,423,331 15-87 can currency, c Inoludes only half of lines in which Union Pacific has dec. 6 70,595 10-44 426,216 5,755,621 1st week of Feb. (74 roads) a half interest, d Includes Ohio A Mississippi in both years. 710,789 dec. 98 L,272 14-62 2d week of Feb. (73 roads) 5,729,517 957,055 d e l,006,274 14-47 week of Feb. (76 roads) 5,950,781 Latest Gross Earnings by Weeks.—The latest weekly sarn- 3d 062,363 dec.958,561 13-57 4th w eek of Feb. (75 roads) 6,103,802 ings in the foregoing are separately summed up as follows: 991,361 dec.3 40,277 12-02 1st w eek of Moh. (77 roads) 6,151,084 167,145 dec.823,090 11*55 Our preliminary statement of earnings for the first week 2d week of Mch. (78 roads) 6,339,355 419,391 deo.984,913 13-28 3d w eek of Mch. (78 roads) 6,434,478 of July covers 42 roads and shows a loss of 22‘89 per cent. 4th w eek of Mch. (82 roads) 8,806,220 10, 239,682 de 1.433,462 14-00 1st w eek of Apr. (75 roads) 6,047,298 6, 994,302 deo.947,004 13-54 ,936,702 dec. 87 3,164 12*50 2d w eek of Apr. (72 roads) 6.063.538 Increase. Decrease. 1893. ls f week o f J u ly . 1894. ,758. 565 dec.835,295 12-36 3d week of Apr. (74 roads) 5,923,270 4th w eek of Apr. (71 roads) 7,010,960 8,.440,306 dc 1,42 3,346 16-16 8 $ 8 8 33,282 1st week of May (74 roads) 5,556,188 6,,633,145 d e l,077,057 16-24 86,071 119,353 Balt. A Ohio Southwest. ......... . 1,859 2d w eek of May (69 roads) 5.230.539 6,,387,004 d e l, 156,465 1 8 T 0 31,201 29,342 Brooklyn Elevated.......... 71,650 20,367 3d w eek of May (73 roads) 5,541,967 6 ,881,451 d e l,339,584 J.9'47 51,283 Buffalo' Roch. A P itts___ 4th week of May (91 roads) 8,311,249 IO! 093,86; do 1,782,618 17-66 . . . . . . . . 84,000 431,000 347,000 Canadian Pacific.............. 175,023 38,753 1st w eek o f June (75 roads) 5,471,365 6 ,985,066 d e l,513,701 21-67 136,270 117,460 d e l, 490,852 20-94 2d week of June (76 roads) 5,626,608 9,499 27,360 36,859 Chicago A W est Michigan 9 49 839 do L,388.286 19-98 1,322 3d week of June (74 roads) 5,561,553 10,736 12,058 Cin. Jackson A Mackinaw 001,1 >2 d e l,747,070 19-41 7,254,082 4thw eek of June (75 roads) 63,700 49,400 113,100 Denver A Rio Grande— 695,797 deo.846,178 22-89 25,631 8,383 1st w eek of Ju ly (42 roads) 2,849,619 17,248 D etroit Lans’g A North’n 131 18,900 18,769 34,254 42,869 8,615 Grand Rapids A Indiana Net Earnings Monthly to Latest llates.—The table fol Y14 6,574 6,360 Cin. Rich. A Ft. Wayne 438 lowing shows the net earnings reported this week. A full 923 1,361 detailed statement, including all roads from which monthly 263 2,754 3,017 Mus. Gr. Rapids A Ind. 94,612 returns can oe obtained, is given once a month in these 313,650 408,262 Grand Trunk of Canada. 8,171 columns, and the latest statement of this kind will be found 42,562 50,733 Intern’l A Gt. North’n . . . 23,211 29,647 in the C h r o n ic l e of June 28. The next will appear in the 1,605 4,801 6,406 Kanawna A Michigan___ 13,091 issue of July 21, 1894. 54,580 67,671 Lake Erie A W estern___ 14,015 16,666 30,681 Louisv. Evansv. A St, L , Gross E arnings.---- ,,---- Net E a rn in g s.— —% 123,230 266,405 Louisville A N ashville... 389,635 1893. 1894. 1894. Ì893. 50,765 74,501 Louisville N. A. A Chic. 23,736 Roads. * $ $ $ 2,471 7.395 9,866............. Louisville St. L. A Texas. 174.635 120,129 22,195 41,400 Chic. A W. Mich.........May 23,465 113,970 137,435 67,052 615,486 781,731 134,035 Jan. 1 to May 3 1 .... 71,640 59,803 11,837 27,856 Det. Lans. A N or.a..M ay 176,973 149,117 101,000 16,125 83,659 17,961 152,341 375,172 222,831 Mo. Pacific A Iron Mt__ 418,062 489,407 47,478 83 ,7 5 0 Jan. 1 to May 3 1 .... 1,396 Edison El. Il.Co., N.Y. June 74,695 76,091 N ew York Ont. A West’n . 52,504 85,611 101,351 34,198 25,883 171,308 197,191 375,645 687,755 609,856 232,303 Jan. 1 to June 3 0 .... 17,147 10,677 6,470 6,182 20,106 24,004 7,110 Ed. El. ill. Oo., Bkiyn..June 6,279 17,227 10,948 Peoria Dec. A E v a n sv ... 153,331 83,207 186,880 67,518 Jan. 1 to fune 3 0 .... 15,656 153,313 137,657 7,977 27,980 35,957 36,253 258,611 59,621 Flint A Pere Mar.a. ..May 187,781 5,772 15,614 9,842 272,873 287 ,9 3 0 Jan. 1 to May 3 1 .... 1,018,216 1,230,004 1,349 Louisv. N. A. A C .a...M ay 8,457 Col. A Green. ........... 7,108 298,573 233,604 76,818 106,656 433 6,341 Rio Grande Southern__ 5,908 269,637 370,338 Jan. 1 to Ma y 3 1 ___ 1,047,958 1,283,185 21,000 19,150 40.150 Rio Grande W estern....... 921,759 942,394 July 1 to May 31 ___ 2,902,683 3,034,848 28,400 44,100 72,500 St. Louis Southw estern.. 46,872 140,940 148,915 35,199 Minn. A St. Louis.a...M ay 18,676 81,790 100,466 69 (,161 657,612 228,176 212,824 Jan. 1 to May 3 1 ___ 1,982 18,462 Tol.Ann Arbor AN.M ich. 20,444 1,807,951 623,403 657,124 1,583,169 July 1 to May 31 . . . 43,124 Toledo A Ohio C entral... 31,819 11,305 2,933 Ohio River...........b ...M ay 26,651 29,584 Wheeling A Lake E r ie .. 66,923 18,843 22,942 54,654 246,245 3 0 ’,631 84,033 101,866 Jan. 1 to May 31 ___ 901,205 Philadelphia A Erie. May 2,849,619 3,695,797 55,027 Total (42 roads)......... 507,7->4 80,554 231,155 309,608 846,178 634,717 N et decrease (22*89 p.o.) 345,908 Jan. 1 to May 3 1 ___ 1,354,245 1,991,418 1,178 11,984 Whitebreast Fuel Co.May For the fourth week of June our final statement covers 75 36,311 76,051 Jan. 1 to May 31 ___ roads, and shows 19-41 per cent loss in the aggregate. 121,942 Ju ly 1 to May 3 1 ___ 119,097 A p ril......... A p ril........ M ay........,. May........... M ay........... M ay........... M ay........... lstw k July May 1......... lstwfe July lstw k July 4thwk J’ne 4th wk J ’ne May............ 4 th week o f June. 657 9.476 89,282 2,330 85,584 85,731 171,315 81.790 3,187 18,462 43,124 15,926 34,069 31,698 1894. 1893. 8 8 Previously rep’d (30 r’ds) 4,790,239 5,746,330 936,273 Atch. Top. A Santa F e ... 560,263 156,504 228,500 St. Louis A San Fran.. 81,873 Burl. Ced. Rao. & North. 95,598 Chicago A East. Illinois. 38,131 92,597 79,170 Chicago A Grand Trunk. 52,109 101,861 Chicago Great W estern.. 72,128 18,694 16,893 Chic. Peoria A St. Louis. 18,106 Otn. Jackson A Mackinaw 15,455 303,544 368,893 Clev. Cin. Chic. A St. L .. 2,136 2,768 18,223 22,069 D et. Gr. H aven A Milw.. Duluth So. Shore A A ti.. . 63,157 77,760 126,83C 170,572 East. Tenu. Va. A Ga . .. 4,805 7,657 E vansv. A Indianapolis.. Increase. 8 32,512 - m'm Decrease. 8 988,603 376,010 71,996 13,725 54,466 27,061 29,733 1,801 2,651 55,349 3,846 14,603 43,742 2,852 a Net earnm gs acre given are after deducting taxes. , b N et earnings here given are before deddoting ta x es. interest Charges and Surplus.—The following roads, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., wicn cue surplus or deficit above or below those charges. Roads. Chio. A West Mich....May Jaa. i to May 31 ___ Det. Laus. A N o r __ May Jan. 1 to May 3 1 .... F lin t A Pere Marq...May Jan. 1 to May 3 1 . . . . t—Inter't, rentals, dkc.—. '—Bat. o f Net B a rn s.—. 1893 1894. 1893. 1894. 8 8 8 8 32,758 3 3,698 def. 10,563 8,702 163,791 16 >,23 3 def.96,739 def.29,203 26,211 def. 13,735 def.8,280 29,860 131.36 2 df. 102,128 d ef.47,612 149,606 51,076 4 s 5 3 7 ddf.14,823 11,084 250,322 13,861 : 37,608 259,012 THE CHRONICLE. 14, 1894.] J uly 69 payment for betterments made during the year 1892. The annual tour of inspection of the President and directors was made in October last, and they were impressed with the amount and character of the work done on the road during the last year. To complete the second track, of which there remains unfinished 201 miles, according to the estimate of Mr. Thomas Rodd, Chief Engineer of the Pennsylvania Company, would require an expenditure of $2,500,000. The road is fully able at present, with the betterments made last year, to take care of the traffic for some time to come.” The annuql report is mainly statistical, and a summary of figures in comparison with the previous two years has been prepared for the C h r o n ic l e , as below: ANNUAL REPORTS. Chicago Junction Railways & Union Stock Yards. (’F o r the y e ar en ding Ju n e 80,1804.) The Hon. Chauncey M. Depew, President of this company, remarks in his report that the various permanent betterments to the Stock Yards property in Chicago have been completed and the results are satisfactory. The entire business of trans ferring and handling cars within the Stock Yards is now done by the transit department of the Chicago Company with its own plant, and the substantial benefits which have EARNINGS AND EXPENSES. been derived from this business have fully justified the action 1892. 1893. 1891. of the board in advising the outlay for this purpose. In com $ g s— $ $ pleting their payments for the switching plant of loco F rEeaigrnhint............................................... 8,719,530 , 7,919,351 7,224,614 motive engines, &c., the Chicago Company issued equip Passengers.................................... 3,033,558 3,231,839 4,598,926 818,463 ment trust lease warrants, secured upon said plant, Express, &e......................................... . 706,235 836,127 for $200,000. These warrants bear interest at the rate of six 11,659,144 12,769,832 T otal..... ........................................ 12,659,667 per cent and are payable in five equal instalments annually, Exoenses— terminating in 1899. The principal and interest of these war- Conducting tran sp ortation ........... 3,147,743 3,896,969 3,839,974 vants are guaranteed by this company. “ In this connection Motive power...................................... 1,993.085 2,316,823 2,119,802 1,188,865 912,259 1,351,842 Maintenance of w ay......................... it may be stated that the Chicago Company has recently in Maintenance 1,294,542 925,878 1,083,257 of cars......................... stituted a charge upon the handling of cars of live stock simi General exp en 495,895 501,619 551,857 ses.............................. lar to that hitherto collected upon cars of dead freight, as 7,480,584 9,193,094 8,946,732 Total exp en ses................... Ihere seemed no reason for a discrimination between the two 3,576,738 3,712,935 N et earnings..................................... 4,178,560 •classes.” gain or loss from operatin The report says : “ It is gratifying to be able to state th a t N et —8,329 —9,609 —4,118 N ew castle & Beaver V alley RR., the aggregate live stock receipts of the company show an in 3,567,129 3,708,817 Total n et incom e......... ............... 4,170,231 crease of 6,509 cars over last year. A very large gain is found in hogs and sheep and some decrease in cattle. 'She increase The Pennsylvania Co., lessee, ha3 made the following pay in hogs reached the enormous figure of 871,672, making a to ments : tal of over seven millions; while sheep were close behind 1892. 1891. 1893. • $ $ $ with an increase of 603,899, making a total of over three mil ... 1,330,000 1,380,000 1,380,000 Dividends on regular s t o c k ...... lions. The decrease in cattle was due to the abnormal condi Dividends on special stock ......... .. 952,532 1,006,194 1,105,328 tion of business which prevailed during many months of the Int. on 1st and 2d mort. bon d s..... 728,700 723,700 728,700 140,000 140,00 ) 140,000 year. That this was due to extraneous causes, now ceasing to Interest on 3d m ortgage bonds. 19,000 19,000 19,000 M iscellaneous........................ operate, is clearly shown by the fact that fully five-sixths of that decrease occurred between July 1 and December 31, 3,273,894 3,373,028 T otal.......................................... ... 3,220,232 1893, and only one-sixth between January 1st and June 30th, N et incom e as above.................... ... 4,170,231 3,567,129 3,703,817 1894. It is now a thing of the past, and from this date on Paid as above for rental............ . „. 3,220,232 3,273,894 3,373,028 w ard receipts may be expected to equal those of the same Paid to sinking fund................... . . . 104,100 104,100 104,100 months in 1892. 3,377,994 3,324,332 3,477,128 “ A comparative statement of live stock receipts for the last 231,689 845,899 Profit to lessee .............................. 189,135 two years is as follows : COMPARATIVE STATEMENT OP LIVE STOCK RECEIPTS FO R YEARS ENDING JUN E 30, 1893, AND JUN E 30, 1894. Cattle. Calves. Hogs. She-ev. Portes. Cars. t r e n d i n g J u n e | 3^ 0,717 211,103 6,222,601 2,513,368 92,648 284,476 Y e30,e i894S. JUn.e | 3,082,886 200,761 7,094,273 3,117,267 S I,742 290,985 L a s t 9 day s e s tim ’t ’d. I n c r e a s e ............ ........... D e c re a s e ....................... 377,831 871,672 603,899 10,342 10,906 6,509 “ In view of the unparaled depression which has prevailed during the past year in all classes of business and in agricul tural industries, from the effects of which your company was not exempt, the fact that during the last six months your company substantially recovered its normal business is worthy of special comment.” The financial results for two years are shown below : INCOME ACCOUNT. Dividend from U. S. In terest.............. . P aym ents— Dividend. S u rp lu s............. ............................................ 1892-93. $ 210,638 1,624,577 6,700 1893-94. $ 21,835 1,724,412 8,593 1,841,915 1,754,840 113,232 796,850 910,000 120,921 644,025 910,000 1,820,081 21,834 1,674,946 79,894 BALANCE SHEET JUNE 3 0 . 1894. 1893. j^ssds $ $ P urchase account.......................................................22,627,043 22,662,494 3,194,940 In vestm en t a c c o u n t....—«..................................... 3,194,940 103,000 E quipm ent................................................................... 59,437 553,320 Union 8. Y. & T. Co............... 389,964 48,000 Suspense account.............. ............. ..................... -. 59,936 367,733 Cash.......................... 540,268 26,871,588 T o ta l................................... L iabilities— _ Capital s t o c k ........ ...................................................13,000,000 Collateral trust bonds...........................................1 0 ,0 0 0 ,0 0 0 Incom e bonds........................................... 2,897,000 A ccrued in t e r e s t .................... 329,650 Sundry creditors ........................................................................... Dividends p ayable..... . . . . —.............................. 455,000 Surplus a cco u n t................ 168,105 From incom e account........................... 21,834 26,929,487 _ 13,000,000 10,000,000 2,864,000 322,250 .^4,450 455,000 173,893 79,894 T o t a l...................................................................... 26,871,588 26,929,487 Pittsburg Port Wayne & Chicago Railway. ( F o r the y e a r en d in g Decem ber 81,1893.) This is the most prominent of •the Western leased lines of the Pennsylvania system, Mr. Charles Lanier, the President, remarks in his rep o rt: “ Since the close of the year the board has authorized and •caused to be issued $2,107,819 in guaranteed special stock in The H. B. Claflin Company. • ( F o r the h a lf-y e a r en d in g Ju n e 30,1894.^ This industrial corporation makes its report for the first half of 1894. Mr. John Claflin, the President, remarks : “Uncertainty in regard to the tariff prevented a normal recovery from the business depression caused by the late panic, and trade conditions during the entire season were extremely unfavorable. In volume of merchandise our sales were slightly larger than those of the spring of 1893, but in, aggregate value they were 18 per cent smaller. We reckon the average fall in merchandise prices within twelve months at more than 20 per cent. Our net profits for the six months were $242,877 70. For the corresponding period in 1893 they were $317,263 08. “ It seems likely that conditions will improve during the autumn. A settlement of the tariff question on the lines pro posed by the Senate would probably be less harmful than a continuance of the uncertainty which now prevails. An evident failure of all tariff legislation would undoubtedly be followed by a speedy revival in trade.” The following figures taken from the Treasurer’s report show the financial condition of the corporation on June 30. N et earnings after paying all taxes, salaries 1893. and expenses of every kind for half-year....... $317,263 Interest on first preferred stook for half-year.. 65,008 Interest on second preferredstockfor half-year $252,255 77,118 1894. $242,878 65,008 $177,870 77,118 Remaihder for eommon stook............................ ..$ 1 7 5 ,1 3 7 $100,752 Two quarterly^divldends....................... (4 ^ p. c.) 172,309 (3p.o.) 114,873 Balance on spring bu sin ess.............. ................... sur.$2,828 Surplus reserve for common stock carried for w ard ........................................................................... 549,248 def. $14,121 301,601 Surplus reserve for common stock June 3 0 .....$ 5 5 2 ,0 7 6 $287,480 Earned for common stock in the spring of 1 8 9 4 .....2 63-100 per cent BALANCE SHEET JUN E 30. 1893. Gash....... ................................. ......................... $1,744,228 180,905 Cash divs. paid on aco’t of spring profits. 2,118,535 B ills receivab le................... ......................... 3,603,529 Open accounts receivable......... .............. 5,437,559 Merchandise.............. ..................................... 2,739.181 Store property................................................. 27,197 Stable................................................................. 14,622 H orses, trucks, wagons, etc........................ 1894. $1,637,790 152,187 1,621,352 2,701,374 5,061,733 2,739,182 27,197 14,622 T otal.................................................... . . . $15,865,760 Liabilities. Capital............................................................. $9,000,000 5,360,634 Open accounts p a y a b le................................ 638,614 Foreign exchange and loan account......... 549,248 Surplus reserve . ......................................... . 317,263 Profits on spring b u sin e s s......................... $13,955,437 $15,865,760 $13,955,437 Total $9,000,000 3,969,228 441,730 301,601 242,878 TO THE CHRONICLE. GENERAL INVESTMENT NEWS. Alabama Great Southern.—The Central Trust Company advertises for sale the stock of the Alabama Great Southern Railway Company, Limited, deposited with it as collateral under the Cincinnati Extension mortgage. The sale is fixed for Aug. 22, and will convey, free of any lien or claim, the title to a controlling interest in the Alabama Great Southern Railway Company, Limited, and the Cincinnati New Orleans & Texas Pacific Companies. It is reported that a syndicate has been formed to purchase the property at the sale in the interest of the Richmond Terminal Reorganization. A tlantic & Pacific—The committee of first mortgage bond holders now consists of Francis S. Bangs, President of the State Trust Company, J. G. McCullough, Otto T. Bannard, President of the Continental Trust Company, G. J. Wetzlar, of J. D. Probst & Co., and William Basset of Boston. They call for deposit of bonds with the State Trust Co., 36 Wall St., New York, or the Shawmut National Bank, Boston, The Atchison plan makes no provision whatever for the Atlantic <Ss Pacific bonds, and there have been rumors that a proposal would be made hereafter to cut the bonds in half by scaling the principal 50 per cent, or by reducing the interest to 2 per cent per annum. Atchison Topeka & Santa Fe.—In opposition to the Atchi son reorganization plan a committee has been formed to pro tect the interests of the stockholders. It is composed of Theo dore W. Myers, Benjamin F. Tracy, J, H. Neale, Henry Clews and E. N. Tailer, of New York, and M. Y. B. Edgerly of Springfield, Mass. This committee will prepare a plan of reorganiz ation, and it already has an agreement prepared under which stockholders are asked to deposit their shares. The fight is against the large assessment on the stockholders. Baltimore & Ohio.—On a subsequent page will be found an abstract of the first mortgage securing the issue of $15,000,000 of 40-year 4 per cent terminal gold bonds, to the Mercantile Trust Co., of New York, as trustee, by the Baltimore & Ohio Railroad Co., which has just been filed. This covers the present issue of $8,500,000 in bonds recently placed in London by Brown, Shipley & Co., and an additional loan of $6,500,000, to be issued from time to time as the company may desire on new property and improvements. Accompanying the record ing of the mortgage there were also recorded two leases, one from the Real Estate & Improvement Co. of Baltimore City and one fronfHerbert Rush Preston to the Baltimore & Ohio Railroad company, leasing certain terminal property in Baltimore (the Central Baltimore & Ohio building), the Cumberland yards, the Brunswick yards, the Ben wood, W. Va., yards, the Met ropolitan Southern Railroad, the Philadelphia terminals and the Pittsburg yards, the title to these properties being vested in other than the Baltimore & Ohio Railroad Company, the aggregate rental of which is $375,000—Central building, $75,000; Brunswick yards, $50,000; Cumberland yards, $40,000; Ben wood yards, $50,000, and the Pennsylvania prop erties at Philadelphia and Pittsburg, $160,000. The mortgage is also secured by 1,200 first mortgage 5 per cent bonds of the Metropolitan Southern Railroad Com pany, amounting to $1,200,000; 45,000 shares of stock of the Schuylkill River East Side Railroad Company, amounting to $2,250,000; 23,990 shares stock Metropolitan Southern Railroad Company, $1,199,500; 1,990 shares stock Washington & West ern Maryland RR. Co., $99,500, and 485 shares stock George town Barge, Dock, Elevator & Railway Company, $24,250. Clarksville & North Carolina.—Pursuant to an order of the United States Circuit Court of the Eastern District of Vir ginia, the Clarkesville & North Carolina Railroad will ¡be sold at public auction a t Soudan, Virginia, on August 22, 1894. East Tennessee Virginia & Georgia.—At Knoxville, Tenn., July 7, this railroad was sold by Special Master Joshua W, Caldwell. The sale was made by order of the United States Court, and covered properties under the equipment and im provement mortgages; also under general mortgages. The properties under the firs, class of mortgages were bid off at $1,250,000. The price bid for the second class of mortgage properties was $250,000. The properties as a whole being offered were bid in by Samuel Spencer, representing the Southern Railway Company, for $1,505,000. Prior to the sale Special Attorney Wimbush, representing the State of Georgia, gave notice that the sale did not carry with it any rights other than in existence under present arrangement with the East Tennessee Virginia & Georgia Railroad, so far as using the right of way over the Western & Atlantic, the State road,was concerned. The Southern Railway Company, being the only bidder, was declared the purchaser. Equitable Mortgage Co.—The N. Y. T rib u n e reports the reorganization of this company, which went into the hands of receivers in August last with liabilities of about' $16,000,000, as practically completed. The business of the company was chiefly in Western mortgages, against which, as collateral, it issued debenture bonds in series of $100,000 each, through local trust companies or individual trustees. The outstanding bonds at the time when the receivers were appointed amounted to about $8,500,000 in this country, $4,000,000 in England and nearly $1,500,000 distributed else where. Mr. Horley, the Auditorjfwho was appointed by the Court to examine the books, acoounts and property of the company, has just made his report. This report, with the schedules, •fully sustains the accounts filed by the receivers to March 1, fVoL. L1X. The accounts of the receivers, as filed in court, made the amount of the assets a little over $18,000,000 and the liabili ties about $16,000,000. The Auditor finds the amount of the assets to be greater by several hundred thousand dollars than the receivers reported, and the liabilities about the same. The T rib u n e reports that the plan is without any substan tial opposition, and has the assents of nearly all the Ameri can bondholders. So far as the English creditors are con cerned, while a large majority of them have assented, the consent of the English courts will first have to be obtained be fore the scheme can be carried out. Practically all the Dutch holders of securities have assented. Louisville & Nashville.—The preliminary report of earn- . ings for the year ending June 30 has just been submitted, the figures being partly estimated. The surplus shown amounts to about 3 per cent on the capital stock. In view of the unfavorable business conditions prevailing throughout the country, it is believed by the directors to be for the best interests of the stockholders that the company’s resources should be kept in hand. It was, therefore, Resolved. That this Board does not deem it expedient to declare a dividend out of the net earnings of the company for the fiscal year ended June 30, 1894. The income statement is as follows: 1894. 1893. (Estim ated.) (A ctual.) Changes* $ $ ^ Gross earnings........................... 18.960,877 22,403,639 Dec. 3,442,762 Operating exp en ses.................11,813,569 14,382,643 Dec. 2,569,074 N et........................................... 7,147,308 Proportion expenses to earns. 62-31 Interest and rentals.................. 5,064,260 T axes............................................. 600,517 8,020.996 Dec. 873,68864-20 4,911,258 In c . 153,002 579,538 I n c . 20,979 Total fixed charges.............. 5 ,6 6 1,777 Balance.......................................... 1,482,531 Other incom e.............................. 340,757 5,490,796 In c . 173,981 2,530,200 Dec. 1,047,669 416,109 Dec. 75,352 Total surplus. ..................... 1,823,288 Loss on Georgia Railroad......... 24,784 141,067 Loss on other roads .................. Settlem ent of Hardin Co. su it..................... 2,946,309 70,978 127,043 225,737 D ec. Total lo s s ............................... 165,851 Available surplus....................... 1,657,437 D i v i d e n d s ................................................. 423,758 Dec. 2,522,551 Dec. 2,112,000 N et surplus................... 1,657,437 Dec.1,123,021 Dec.46,194 In c . 14,024 225,737 257,902 865,113 410.551 New York & New England.—At Boston, July 10, the hearing was begun before Darwin E. Ware, Special Master, in the matter of the proposed issuance by the receivers of the N. Y. & New England RR. of $1,000,000 receivers’ certificates. Vice President & General Manager Odell testified, that there was but $25,000 in the treasury of the New York Sc New England road, and that, in his opinion, the construction of new bridges, new cars, the laying of new rails, ballasting, and paying of old traffic balances could be met only by the issue of receivers’ certificates, or in some other way unknown to him. There were now about 8,000 freight cars owned by the road and 1,000 additional were imperatively needed in the business; 6,000 tons of new steel rails were needed ; 3,000tons have been already ordered, 1,000 tons having been laid ; the rails cost $24 a ton ; 8,800 tons of steel rails were laid last year ; renewals would average about 10 per cent per annum. In order to preserve the property, the witness said, $50,000 must be spent to ballast the road. Traffic balances between the Erie, West Shore, Philadelphia Reading & New Eng land] and] New York, New Haven & Hartford were made up and paid weekly. —The statement for the quarter ending March 81, the first quarter of the fiscal year, shows tb|e following : Gross earnings.............................................. Operating exp en ses......... .......................... N et earnings................... .............................. Other incom e....................... ........... I............ ............ 1893. 2,161 1894. $1,124,993 918,733 $206 ,2 6 0 1,142 T otal........................................................... Interest, rentals and t a x e s ........... ......... $207,402: 459,592 Balance, deficit............................................. $2 5 2 ,1 9 0 N orthern Pacific.—The Reorganization Committee of the Northern Pacific Railroad Company, of which Mr. Adams is Chairman, is now prepared to receive deposits, under its agree ment of Feb. 19th last, of second, third and consolidated mort gage bonds. The depositaries are the Mercantile Trust Com pany of New York, the Pennsylvania Company, Philadelphia, and the Deutsche Bank of Berlin. They will issue negotiable certificates of deposit, which will be listed on the Stock Ex change as soon as a majority of each class of bonds has been de posited. The committee now represents by deposits and assents $5,558,000 second mortgage bonds, $5,830,000 third mortgage bonds and $18,137,000 consolidated mortgage bonds, and asserts that united action by the main line bondholders wiil result in such a control of ¡the property as will secure to them the best attainable results, having due regard to their respective legal positions. Bondholders are referred for fur ther detailed information to this committee’s circular No. 6, of July 3. —The following eommititee has been appointed to, Rep resent the second mortgage bonds of the Northern Pacific Railroad C o: Johnston Livingston, chairm an; Luther Kountze (Kountze Bros., bankers, New York?) Dumont Clarke (President of the American Exchange Na-tionaj Bank); Henry S. Redmond (Redmond, Kerr Sc Co,, J uly 14, 1894.1 THE CHRONICLE. bankers, New York); Chas. S. Fairchild (President New York Security & Trust Co.); S. E. Kilner, Secretary estate Frederick Billings, 120 Broadway, New York. The committee publishes notice that it is of the utmost importance to the second mort gage bondholders that their interests be represented by a com mittee wholly free from any alliance with junior securities, and holders of the seconds are requested to deposit their bonds with the New York Security & Trust Co. in exchange for its negotiable temporary receipts. A circular setting forth the plan of the committee and a bondholders’ agreement is in course of preparation. Oregon Bailway & Navigation.—Messrs. John Crosby Brown, James Jackson and Robert Fleming have been named as a committee to act for holders of the collateral trust bonds of the Oregon Railway & Navigation Company for the pro tection of the holders of such bonds. A call is made for the deposit of bonds with the U. S. Trust Co., 45 Wall St,, where copies of agreement for bondholders to sign may be obtained. Oregon Short Line & Utah Northern.—The committee for the consolidated mortgage 5 per cent bonds and the collateral trust 5 per cent bonds gives notice that an agreement has been prepared in accordance with the terms of which the bondholders are asked to deposit their bonds at the office of either the American Loan & Trust Company in Boston or the New York Guaranty & Indemnity Company in New York, and copies of the agreement may be obtained at either place. Messrs, P. A. L.Yan Ogtrop (Chairman), Roelvink, Brockman, R.Van Rees, Rahusen, Berlage and Boon Hartsinck of Amster dam, Holland, have consented to act as a committee to repre sent the consolidated mortgage and collateral trust bonds held there, and intend to work in harmony with the committee here, and it is the purpose of this committee to act in har mony with the General Reorganization Committee in carry ing out any scheme which will promote the bondholders’ interests. The circular is signed by Messrs. S. Endicott Pea body, Chairman, Boston; W. G. Oakman, President New York Guarantee & Indemnity Co., New York; W. S. Fitz, Boston; George C. Lee, of Lee, Higginson & Co., Boston; Howland Davis, New York; N. W. Jordan, Boston; Moorfield Storey, Gounsel, Boston. Toledo Ann Arbor & North Michigan.—The Reorganiza tion Committee of the Toledo Ann Arbor & North Michigan Railway Company gives notice to the bondholders of the road and of its various divisions to deposit their bonds with the Central Trust Company and to receive therefor the receipt of the Trust Company. This call is made before the publication of the plan of reorganization for the purpose, so far as pos sible, of preventing any delay between the time of publica tion of the plan and the receipt of a sufficient number of bonds to enable the reorganization to proceed immediately. In the estimation of the committee the road has been opera ted with marked success by the receiver, and under his man agement has been placed in a much better condition than it ever has been, and is capable now of being operated at less expense than at any time during its history. Union Pacific.—The reorganization committee, of which Hoh. Calvin S. Brice is chairman, has issued a circular to bondholders under date of July 10, calling for the deposit of bonds. The circular states that “ the committee, with the assistance of the receivers, has investigated the financial con dition and earning capacity of the several companies com prised in the system, with a view to the ultimate reorganiza tion of the whole system, so far as this shall be found practic able and desirable. Inasmuch as any plan of reorganization should be based upon a readjustment of the debt to the United States, the committee’s first efforts have been directed to ar ranging the terms of such readjustment. This debt, with in terest, amounts to about $70,000,000, subject to reduction on account of sinking fund amounting to about $14,000,000. It Is subject to prior first mortgage liens securing bonds amount ing to about $38,000,000. Both the Government debt and the prior bonds will mature at various dates up to J 899, beginning w ith Aug. 1, 1895. “ Your Committee has strenuously endeavored to procure a prompt adjustment of the Government debt, and is now awaiting Congressional action on the subject. Sufficient progress has been made by hearings before the committees of the Senate and House and before the Executive Depart ment to warrant the conclusion that a fair readjustment is practicable and may possibly be brought about at short notice provided a sufficient number of holders shall, by depositing their securities pursuant to this call, indicate their desire for reorganization, and confer upon the committee the power re quisite to enable it to act efficiently in the premises. For this and other reasons the Committee believes that the inter ests of all classes of security holders require the immediate ■concentration of the more important issues, and therefore in vites all holders of bonds and stock in the Union Pacific sys tem enumerated below to deposit the same under a prelim inary agreement which has been prepared for their protection. This agreement (copies of which may be obtained from any c f the depositaries named herein) provides that in case any de positor shall be dissatisfied with the plan of reorganization when submitted by the Committee, or in case no plan shall be submitted before the fourth of March next, he may withdraw his securities without charge within thirty days thereafter.” A full list of the bonds to which the call for deposits applies is appended to the circular, and will be found on another page in the advertising columns of the C h r o n ic l e . ESP’ F o r o t h e r i t e m s o f I n v e s t m e n t N e w s s e e p a g e 7 4 . 71 fjte p o r ts a n d D o c u m e n ts. BALTIMORE & OHIO RAILROAD COMPANY. FIRST MORTGAGE SECURING 4 % PER CENT TERMI NAL GOLD BONDS DATED 1894, DUE JUNE 1, 1934-PRESENT ISSUE $8,500.000—ADDITIONAL ISSUE $6,500,000 FOR NEW PROPERTY v AND IMPROVEMENTS. PARTIES. The Baltimore & Ohio RR. Co., hereinafter termed the “ Railroad Company,” party of the f ir s t part; the Real Estate & Improvement Company of Baltimore City, party of the second part, Herbert Rush Preston, of Baltimore, Md., party of the th ird part, and the Mercantile Trust Company, of New York, as trustee, hereinafter termed the “ Trustee,” party of th q.fo u rth part. (FORM OF BOND.) United States of America, State o f M a ryla n d . T he B altimore & Ohio R ailroad Company. FIRST MORTGAGE FOUR AND A-HALF PER CENT TERMINAL GOLD BOND. $1,000 N o ......... For value received, the Baltim ore & Ohio Railroad Company prom ises to pay to the hearer hereof, if this bond be not registered, or to the registered holder hereof, if registered, $1,000 in gold coin of the U nited States of America of or equal to the present standard of w eight and fineness, on the first day of June, A. D. 1934, at the agency of th e Railroad ^Company in the city of New York, w ith interest thereon at the rate of 4 »a per cent per annum, payable semi-annually at said agency in like gold coin, on the first days of June and December in each year, upon the surrender of the annexed coupons therefor as they severally m ature, and u ntil paym ent of said principal sum. Both principal and interest of this bond are payable w ithout d e duction for any ta x or assessm ent w hich said Railroad Company m ay be required to retain or deduct therefrom under any present or future law of the U nited States, the States of Maryland, Pennsylvania or West Virginia. This bond is one of a series of bonds of the Railroad Company issued and to be issued in pursuance of the mortgage or deed of trust herein mentioned, not exceeding in the aggregate $8,500,000, and such additional amount of bonds of like form and denomination as m ay be issued under the conditions and lim itations specified in said m ortgage or deed of trust, the total am ount to be secured by said mortgage or deed of trust n ot to exceed $15,000,000. All of said bonds issued or to be issued are and shall be equally secured by and subject to the term s and provisions of a m ortgage or deed of tru st dated June 30th, 1894, executed by the Railroad Com pany and the Real Estate & Im provem ent Company of Baltimore City and Herbert Rush Preston to the Mercantile Trust Company of New York, Trustee, conveying the terminal property, tracks and improve m ents thereon as therein described, located at Baltimore, Philadelphia, Pittsburg, Brunswick, Cumberland and Ben wood; and also by the assignm ents to the trustee of the rentals reserved to be paid by the Railroad Company to said Land Company and to Herbert Rush P reston ; to which mortgage or deed of trust reference is made w ith the sam e effect as if herein fully set forth. This bond is accepted and held by the owrjer thereof upon the under standing betw een its holder and the holders of all the other bonds issued or to be issued under said m ortgage that all of said bonds shall be equally secured thereunder and shall have equally the sam e lien s and priorities upon the properties therein m entioned conveyed or to be conveyed to the trustee as security for the same, irrespective of the dates of the issue of the said bonds or of the tim e of the acquisition of said subsequently acquired properties. Said mortgage als'o assigns to said Trustee, as additional security for said bonds, the first m ortgage bonds of the Metropolitan Southern Railroad Company, amounting to one m illion two hundred thousand dollars, bearing interest at the rate of five per cent per annum, secured by a m ortgage of date May 26th, eighteen hundred and ninety-four; also forty-five thousand shares of th e stock of the Schuylkill River East Side Railroad Company, am ounting to tw o million two hundred and fifty thousand d ollars; and all the shares of capital stock of the Metropolitan Southern Railroad Company, the Washington & Western Maryland Railroad Company, the Georgetown Barge Dock E levator & Railway Company, except ten shares of each Company. This bond shall pass by delivery, unless it has been registered on the books of the Railroad Company at its agency in New York, but after registration of ownership duly certified hereon no transfer excep t upon said books shall be valid, unless the last registration shall have been to bearer, and this bond shall be subject to successive registra tions and transfers to bearer, in the sam e way. at the option of the ow n er; the registration of the bond shall n ot restrain the negotiability of the coupons by delivery merely. If default shall be m ade in the payment of any instalm ent of in terest due on this bond the principal hereof may be made due and payable, as provided in said mortgage or deed of trust. This bond shall not becom e valid until the certificate endorsed hereon shall have been signed by the Trustee or its successor in said trust under said m ortgage or deed of trust. I n Witness Whereof, the Baltimore & Ohio Railroad Company has hereunto caused its corporate name to be signed by its President, or its Vice-President and its corporate seal to be hereto affixed, and the sam e to be attested by the signature of its Secretary, this first day of June eighteen hundred and ninety-four. The B altimore & Ohio R ailroad Company, by P resident A tte s t: Secretary. or Vice-President. (FORM OF COUPON.) The Baltimore & Ohio Railroad Company w ill pay to bearer tw entytwo dollars and fifty cents in gold coin of the United States, at the agency of said Company in the city of New York, on the first day of , being six m onths’ interest on its First Mortgage Terminal Bond number for one thousand dollars. $22 50. Treasurer. (The form for the coupon of those bonds of the denomination of five hundred dollars being similar, excep t as to the amount.) PROPERTY CONVEYED BY THE B. & O. RR. CO. The Baltimore & Ohio Railroad Company, for the purpose of securing the payment of the principal and interest of the said bonds, conveys to the trustee the following stocks and bonds, more fully described in the mortgage: 72 THE CHKOMCLK Title o f stocks an d bonds— Total issue. Metropolitan Southern Railroad C o .F irst mortgage 5 per cent gold bonds dated 1894, due 1944...................................................$1,200,000 Capital stock, $50 s h a r e s .................. 2,000,000 Schuylkill River E ast Side RR. Co.— 4,500,000 Capital stock, $50 shares . ........ W ashington & W estern Maryland RR. C o .Capital stock, $50 shares................................. 100,000 Georgetown Barge Dock Elevator & Ry. Co.— 24,750 Capital stock, $50 shares............ .................... A m t. conveyed to trustee. $1,200,000 1,199,500 2,250,000 99,500 24,250 Said last two mentioned corporations being incorporated under the laws of the United States and owning railways in the District of Columbia, which, in connection with the Metropolitan Southern RR., will constitute a continuous line of railroad from the Metropolitan Branch of the Baltimore & Ohio to and into the cities of Washington and Georgetown, in the District of Columbia, the ten shares of their stock not deposited with the trustee is held to qualify directors. Said mortgage of the Metropolitan Southern RR. Co. is addition ally secured by a stipulation in a lease dated May 26,1894, be tween the Metropolitan Southern RR. Co. and the Baltimore & Ohio RR., that an annual rental of $60,000 shall be paid by the B. & O. in case of any default in the payments of this bond for the benefit of the trustee thereunder. PROPERTY CONVEYED BY THE REAL ESTATE & IMPROVE MENT COMPANY. The said Real Estate & Improvement Company of Balti more City conveys unto the Trustee the following parcels of lands, the same being leased by it to the B. & O. at the rentals named under leases of even date herewith. This Real Estate is fully described in the Mortgage. BEAL ESTATE TERMINALS, ETC. L ateral D im ensions or A rea o f Land. 1. Lot at n. w. com er Batlimore and Calvert Sts., Baltimore, containing general office building of B. & O. RR. Co............................1 0 2 x l0 3 1sft. 2. Transfer yard of B. & O. RR. Co. at Brunswiek,*Md.,with all tracks,round houses, etcll 139 acres. 3. Storage and shifting yard near ( ity of Cumberland, Md., w ith tracks, machine shop, round houses, etc.Ti.............. ...... ........... 87*2 acres. 4. Terminal property at Benwood, Marshall Co., W. Va., ex ten d in g 3,958ft. along, the Ohio River, excepting 6*6 aeres right of w ay of Ohio River RR. Together with shops, round houses, transfer track and coal trestle and the loop line connecting old m ain lin e B. & O. w ith the Benwood-Bellaire Bridge over Ohio R iver............................................... . 104*7 acres. Yearly R ental Payable by B . <6 O. $75,000 50,000 40,000 And the said Herbert Rush Preston conveys to the trustee the following properties fully described in the mortgage. 2. „ 3. 4. 5. 6. 7. 8. 9. . g. 10. REAL ESTATE IN PHILADELPHIA. A pproxim ate Lateral Dii m ensum s or Area. Lot w ith factory in 15th Ward, on south side of Callowhill St., excepting a triangle con veyed to Schuylkill River E ast Side RR. Co. 150f t.x 4 2 5 x l5 7 x 3 7 9 hi Land fronting on w est side of St. David St. and lying east of Schuylkill River E ast Side V — / ..................-..........5 1 2 f t .x ll6 1ax4841sx72x245 Lot w ith three story brick and stone m ill and other buildings a t southw est corner 24th and W alnut Sts., extending to right of wav of Schuylkill River E ast Side RR ................ ‘62ft.x232 hsx62x251*3 Yearly g ro u n d ren t of $1,350, payable w ith out deduction for taxes, upon a certain w harf lot with buildings, dock, etc., at s. w. corner Lombard and Chinpewa Sts., in 7th Ward . .......................... - .. 1.............................78ft.x424js x l0 0 x 4 8 7 12 Lot w ith im provements in 30th Ward at n. w. corner Sutherland Ave. and Bainbridge St. dnd adjacent to Schuylkill River E ast Side R R .... . ..........................................3 7 8 12 ft.x89x396x9412 Lot on northerly side of Gray’s Ferry road in 26th Ward IT--- . . . . . . . . . . . ---- ¡k............ 5*992 acres Lot in 1st Ward, near Ark Lanelf. 4 acres Lot contiguous thereto!!.................................™ 25s acres Those continuous lots of ground in or near the 1st Ward as fo llo w s: a. Lot near Snyder and Delaware Aves., reaching Delaware River!!.................... 213s acres b. Lot near McKean St., extending 504 feet along low w ater mark of Dela ware R iver......... . .............. .............. 4% acres c. Lot extending easterly along centre line o f Snyder Ave. 1,110 feet, together with all riparian rights thereof and the piers, docks and wharves there^ o n f . ...................................I,11 0 ftx 2 7 4 13 x l,132x262 Land, etc., in the First Ward described as fo llo w s: a. Lot, w ith buildings, etc., thereon, at s. yr. corner of Dickinson and Ash s tr e e ts ___ 85 ft.x l5 9 x 8 5 x !5 9 b. Lot southward from Dickinson Street, together with privileges and improve m ents.......... ............................................... . 178 ft.x 3 6 3 x l7 8 x 3 6 3 c. Lot commencing at centre line of Meadow ......................... 118 ft.x389x37x380 Property in Sixteenth Ward as fo llo w s: a. Wharf lo t with buildings and improve m ents on s. e. side of Delaware Avenue, 2 8 2 feet southwest from Laurel Street, and extending to Delaware R iver.........8 2 ^ ft.x 2 0 0 x 8 2 1ax200 b. Lot and wharf on s. e. side of Delaware Avenue, 365 feet s. w. from Laurel 8 t... 80 ft.x l5 0 x 8 0 x l5 0 c. Lot 25 feet in breadth on s. e. side of Del aware A venue, between Poplar and Laurel streets, extending to Delaware River with riparian rights and im provem ents, especially Pier No. 4 0 ..... . ........... ......... ITE xcepting right of way of Schuylkill River E ast Side RR. Co. REAL ESTATE IN PITTSBURG. 11. Lot in Sixth Ward extending from Greenough Street, opposite Gas Street, across B. & O. RR. to low-water mark of Monongahela l*092aere® River, etc ................................................ . 12. a. Tract in Sixth Ward near property of Pittsburg Gas Co. and extending 645 feet along low w ater line of Mononga ......... . . . . . . . . . . . . hela R iver............................ ......................... b. Tract in Twenty-third Ward extending along,right bank of Monongahela River 386 feet, subject to right-of-way P itts burg & Connellsville RR............................ « ................ ............. c. Tract in Twenty-third Ward corner Melancthon and Lafayette streets, and ex tending 903 feet along low-water mark of Monongahela R iver................... ........... 14*123 d. Tract in Twenty-third Ward at corner Vespuscius and Lytle streets, and extend ing 2,160 feet along low-water mark of Monongahela River, w ith all rights and im provements, excep tin g therefrom the land conveyed to the Pittsburg & Con 25*1 n ellsville R R ............... .......... ...................... . 13. Those adjacent lots in the Sixth Ward, situ ate as fo llo w s: a. On the Monongahela River, exten d ing along the sam e about 273 feet.......... 273 ft.x 3 1 6 x 178x135x85 b. Adjoining a and extending from loww ater line 316 feet to Bluff Street, e tc .. ....... .............. c. Adjoining a and extending 60 feet along the Monongahela R iver............ . . . ........... ............................ . d. Adjoining b and extending along loww ater line about 275 feet, and thence to Bluff Street......................................................316 ft.x 268x251x 2 7 5 E xcepting therefrom a strip 100 feet wide, also the portion conveyed to the Pittsburg & Connellsville RR. e. Along Second A venue and contiguous to the B. & O. RR., otherwise the P itts 85 ft.x 64x85x60> burg & Connellsville RR............................ f . On southerly line of right-of-way of Pittsburg & Connellsville RR., and ex tending along low-water line 330 fe e t... ..................... Together w ith all im provem ents, riparian rights, etc. ^E xcepting right of w ay of Schuylkill River E ast Side R. R. Co. Together with all the tracks, terminal buildings, coal piers, wharves, freight stations and improvements now or hereafter located upon any of the above-described real estate in the State of Pennsylvania; together with the rentals which shall be reserved by the indenture of lease about to be made to the Baltimore & Ohio Railroad Company by the said Herbert Rush Preston at an annual rental of $160,000. ALL BONDS EQUALLY SECURED. 50,000 Tota l rentals payable therefor by B. & O, RR. Co................$215,000 T)Subject to right of way of B. & O. RR. m ain track. PROPERTY CONVEYED BY MR. PRESTON. _ 1. [VOL. L1X , Said property is conveyed to the trustee for the equal bene fit and security of all the holders of the said bonds issued and to be issued hereunder, without preference, priority or dis tinction as to lien or otherwise of any over the others by reason of priority in time of issuing, etc. CONDITIONS UPON WHICH THE $6,500,000 OF BONDS MAY BE ISSUED. The bonds to be issued first under this mortgage shall not exceed $8,500,000, which amount may be executed forthwith,, and such sum in addition thereto, not exceeding $6,500,000, as may be issued for the purposes and to the respective amounts provided in this Article. Said reserved issue of $6,500,000 bonds shall, from time to time, be delivered to the Railroad Company, on resolution of the Board of Directors of the latter to that effect, upon the following limitations and conditions, which must be strictly complied with:— The Railroad Company must first furnish the Trust Company a verified certificate of its Chief Engineer endorsed by its President, or by a Vice-President, stating that subsequently to the last issuance of bohds secured hereunder improvements, such as construction of depots, stations, tracks, shops, round houses, grain elevators, storage warehouses, freight and transfer sheds, or buildings of a similar nature, have been made and p a id f o r to an amount equal to that of the bonds asked to be issued by the Railroad Company, said improve ments being either upon property described in this mortgage or upon property acquired subsequently to the execution of the mortgage in pursuance of its terms. O r said certificate shall state that a like amount has been expended in the acquision of additional terminal property actually conveyed to the T ru st Com pany. No such bonds shall be certified until Counsel appointed by the Trust Company shall have delivered to it a certificate setting forth in the case of property additional ly acquired, that the title is good and marketable, and is free and clear of all liens or encumbrances created by the Railroad Company, other than the present mortgage. And in the case of improvements, that said improvements, and the property on which they are erected, are free and clear of mechanics’ and material liens, and of all mortgages and encumbrances created by the Railroad Company other than the present mortgage. No additional bonds, part of the reserved issue of $6,500,000, shall be certified or issued, without a like certi ficate of counsel, to the effect that no liens or encumbrances exist at that time upon any of the properties included in thismortgage which have attached between the time of its execu tion and of such additional bond issuance. All title to new acquisitions shall be conveyed to the Trust Company in mortgage, for the purpose hereof, with like force and effect as though said property had been origin ally included herein. No additional bonds shall at any time be certified or delivered by the Trust Company, in case, at the time, the Railroad Company shall be in default in the payment of the interest or principal on any of the bonds secured hereby. J uly 14, 1894,] or in the performance of any of the herein stipulated agree ments. . By “ Additionally acquired property” is meant not improve ments but real estate the title to which is not conveyed by this indenture. INCOME RECEIVED BY TRUSTEE FROM BONDS, ETQ The Trustee shall collect all interest and dividends hereafter paid upon the bonds and stocks hereby conveyed; and shall apply all said income towards the payment of the interest upon the Mortgage Bonds secured by this Indenture as the same becomes payable. And all additional securities received by the Trustee shall become and be part of the Trust fund, subject to all of the provisions of this Indenture. The voting power belonging to all stocks conveyed to the Trustee shall at no time be used to authorize any additional shares of capital stock or any mortgage or other lien upon any of the property represented thereby which will, in the opinion of the said Trustee, impair the security to the holders of said Mortgage Bonds hereby created. It is provided that the Trustee shall not be liable to pay any oalls or assessments which may be or become due upon any of the stocks hereby conveyed; the said party of the first part hereby assuming all liability therefor. DEFAULT FOR SIX MONTHS. In case of default for six months in the payment of in terest on any of the bonds hereby secured, or of default for any period in payment of principal when due, or of failtire to pay any lawful taxes or assessments, or to keep th e property free from any lien prior hereto, or of failure to ob serve any of the covenants herein contained, then, in either of such events, the trustee shall, upon the written request of the holders of o n e -th ird in amount of the said bonds secured hereby and then outstanding, and upon adequate indemnity against all costs, forthwith demand, enter upon and take possession of all and singular the railroads of the Metropolitan Southern, of the Washington & Western Maryland and Georgetown Barge Dock, Elevator & Railway companies, and all the estate, premises, rights and franchises hereby converyed by the Real Estate & Improvement Company of Baltimore City, and Herbert Rush Preston, rand operate the same, making from time to time all needful'and proper re pairs, and additions, and receiving all revenue thereof, and after deducting the expenses of such operation, reasonable re pairs and additions, all lawful taxes, etc., the Trustee shall apply the remaining revenue therefrom, without giving pref erence, priority or distinction to one bond over another, to the payment— F ir s t , of the interest due on the bonds then outstanding hereby secured in full, in the order in which such interest shall become due thereon. Second, in case the principal of said bonds shall have be come due, then to the payment of the principal p ro ra ta . Or the said Trustee, upon the written request of holders of a like amount of said bonds, shall proceed to sell the said stocks and bonds, estate, real and personal, and terminal premises hereby mortgaged, as an entirety or in parcels as the Trustee shall determine, to the highest and best bidder at pub lic auction in the City of Baltimore, or at such places as the said Trustee may designate. Notice of the times and places of such sales shall be given by advertisements published not less than twice in each week for three months in one or more news papers published in the cities of Baltimore and New York. Sale so made shall be a perpetual bar both in law and in equity against the parties of the first, second and third parts and all persons claiming the said described premises and property, or any part thereof. After deducting from the proceeds of sale all expenses incurred for taxes, assessments, etc., the Trustee •shall apply the residue of the money therefrom to the pay ment of the whole amount of the unpaid principal of said bonds then outstanding and of the interest at that time ac crued and unpaid, pro ra ta , without preference or priority, and ratably to the aggregate amount of such unpaid principal and unpaid interest. Or the said Trustee shall, upon the written request of the holders of a like amount of said bonds then outstanding, pro ceed to enforce the rights of the bondholders by suits in equity or at law, as the Trustee being advised by counsel learned in the law shall deem most effectual to protect and enforce such rights ; it being understood that the rights of entry and sale hereinbefore granted are intended as cumulative remedies additional to all other remedies allowed by law. No holder of any bonds or coupons secured hereby shall have the legal right to institute any action in equity or in law for execution of the trust thereof or for the appointment of a receiver, without first giving thirty days’ notice in writing to the Trustee of the fact that default has occurred and con tinued as aforesaid, nor unless the holders of one-third of the said bonds then outstanding have made request in writing to the Trustee as above provided, and have afforded it a reason able opportunity to proceed to execute the powers herein before granted, it being intended that all proceedings in law or equity shall be instituted for the equal benefit of all holders of said bonds and coupons outstanding. And it is hereby further agreed that neither the Trustee nor the holders of the bonds or coupons secured hereby, or any of them, shall sell the premises hereby mortgaged, or any part thereof, or institute any suit, action or proceeding in law or equity for the foreclosure hereof, otherwise than in the manner herein provided. 73 THE CHRONICLE. In case of default for s ix months in the payment of the semi-annual interest on the bonds hereby secured, or any of them, then the holders of o n e -th ird in amount of the said bonds then outstanding may by an instrument in writing instruct the said Trustee to declare said principal sum to be due and payable, whereupon the whole principal sum of each and all of said bonds then outstanding shall forthwith be due and pay able. But such declaration may be annulled or reversed before the entry of any decree of sale under this mortgage in any judicial proceeding, and before the advertisements of any sale hereunder by the Trustee, by the holders of a like afhount of the said bonds secured hereby, by an instrument in writing. In the event of any sale of the stocks, bonds, estates, real and personal, hereby mortgaged, either by the Trustee or by judicial Pro ceeding, the whole principal sum of each and all of the said bonds then outstanding and intended to be hereby secured shall forthwith be due and payable. In no other case and for no other purpose, except as in this article provided, shall the principal sum of any of said bonds become due and pay able before the date fixed in such bonds for the payment thereof. At any such sale the Trustee may, with the assent in writing of the holders of at least o n e -h a lf of the bonds hereby secured and then outstanding, bid for the property on behalf of all hold ers of the bonds secured by this instrument in proportion to the respective interests of such holders in the said bonds and the coupons thereto belonging. Nothing, however, herein con tained shall authorize the said Trustee to bid a sum exceeding the whole amount of the said bonds then outstanding, with the interest accrued thereon, and the expenses of such sale if the whole property be sold, or an amount reasonably propor tionate thereto for any part of the said property. The bonds and overdue coupons aforesaid shall be received in payment of the purchase money of any property sold a t such sale as equivalent to so much of the said purchase money as would be”distributable and payable thereon. The Railroad C om pany covenants upon reasonable request to make, at its own expense, all such deeds of further assur ance as shall be reasonably advised or required. POWER OF THE TRUSTEE TO RELEASE THE PROPERTY MORTGAGED. The Trustee shall have power to release from the lien of these presents any part of the hereby mortgaged property which in the judgment of the President and Directors of the Railroad Company shall be unnecessary for use in connection with the operation of the said railrpads and terminals and their business, or which may become disused by reason of the change in the location of any station-house, depot, shop or other building connected with the said railroads and termin als. P ro v id e d , always, that the proceeds of any sale or other disposition of the property so released shall be invested either in the improvement of any remaining part of the mortgaged premises, or in the purchase of other property, real or personal, which property so purchased, as well as any that may be acquired in exchange as aforesaid, shall be subject to the lien of these presents. WAIVER OF BENEFIT FROM APPRAISEMENT, ETC., LAWS. The Railroad Company agrees to waive the benefit of all stay, exemption, extension, valuation and appraisement laws now or hereafter existing. And the Railroad Company also covenants that it will pay all taxes and assessments on the property hereby conveyed as they shall become due and pay- i APPOINTMENT OF TRUSTEES. In case at any time hereafter the Trustee shall resign or be removed by a court of competent jurisdiction or otherwise, or shall become incapable to act in said trust, the successor or successors to the said Trustee shall be appointed by the hold ers for the time being of a m a jo rity in interest of the bonds secured hereby and outstanding, by an instrument or concur rent instruments signed by said bondholders or their attor neys. Provided, nevertheless, that in case this method of ap pointing a trustee shall at any time after reasonable exertion prove impracticable, the new trustee may be appointed upon application to any court of competent jurisdiction upon appli cation of the holders of one-eighth in interest of the amount of said bonds then outstanding. BONDS MAY BE REGISTERED AS TO PRINCIPAL. Any Of the bonds secured hereby may, on payment of the fee established therefor, be registered in the natne of the holder or in the name of any nominee on the books oc the said Railroad Company at Baltimore, or in New York, or such other places of registration as it may designate. Dae extin guishment and cancellation of registration stamped or endorsed upon the bond by the said party of the first part will restore the negotiability thereof; but this article shall apply to the principal of the bonds only and not to the coupons. The Railroad Companv covenants that it will keep open an agency in the City of New York for the payment of the prin cipal and interest of the bonds hereby secured. SHOULD COUPONS BE PURCHASED, TO BE NO LOGGER SECURED. . No interest coupons annexed to the bonds secured hereby afterpaym ent or purchase by the Railroad Company, or by any person or corporation making such payment or purchase with funds furnished directly or indirectly by said R nlroad Company, shall, after such payment or purchase be considered as secured by this mortgage as against the holders of bonds or coupons secured hereunder. 74 THE CHRONICLE. INTEREST AND PRINCIPAL TO BE TAX FREE. The interest and principal of the said bonds shall be paid without deduction for any part of any tax or assessment which the Railroad Company may be required to retain or deduct therefrom by any law of the United States of America or of the States of Maryland, Pennsylvania or West Vir ginia. BUILDINGS TO BE KEPT FULLY INSURED. 3?h e [V ol . L lX . © o m m e r c ia l COMMERCIAL f in ie s . EPITOME. F r i d a y N ig h t , J u ly 1 3 , 1 8 9 4 . Dealings in all kinds of merchandise have been of an ex ceedingly limited character. The continuation of labor* troubles in alarming form upon the Western railways, and fears for awhile entertained that the disturbances would ex tend to Eastern lines, served as a quieting influence upon business, merchants feeling unwilling to risk delays in trans portation and possible loss of goods. Large quantities of freight in transit when the strike was ordered have been block aded on the roads, entailing serious loss on perishable com modities. Within the last three days Federal and State au thorities have greatly subdued the previous riotous attitude of the strikers, and passenger and freight service is now ex ecuted with sufficient regularity to create hope of an early return to normal conditions. It is calculated that with re newal of codfidence regarding transportation, the demand for staple commodities will become active. Speculation in leading staples has been moderate and conservative. Crop reports, through Government and private sources, have dif fered but little. Cotton is regarded as progressing finely; hay promises a large yield; winter wheat is harvesting in accord with previous favorable estimates; spring wheat indicates a shortage; oats also short, and latterlv complaints of drought have come from the corn States. Export orders for cerealshave been moderate. Lard on the spot has sold moderately well and prices have ruled about steady, closing at 7*30c. for prime Western, 6%c. for prime City and 7 55c. for refined for the Continent. The speculation in lard for future delivery at this market has been dull and prices have declined under the practical settlementof the railroad troubles at the West. The R diroad Company shall at all times keep fully insured the buildings on the premises hereinbefore described, now erected or which may hereafter be erected, to the extent of the value of the same, as far as the rules of the in surance companies permit. Any payments made by said in surance companies shall be applied to the re-building of im provements of like or similar character to those destroyed. A list of the insurances thus effected shall be deposited with the Trust Company. The Railroad Company hereby covenants that when the terminals in Georgetown in the District of Columbia, under the charters of the Washington & Western Maryland RR. Co. and under the charter of the Georgetown Barge Dock & Elevator RR. Co. shall have been completed, that it will cause the property itself to vest in the said Trustee in lieu of the stocks of the said companies hereinbefore assigned. And the Railroad Company hereby covenants that when the Act of Congress of the United States shall permit the consolidation of the said Western Maryland RR. and the Georgetown Barge Dock Elevator & Railway Co. with the Metropolitan Southern RR. Co., that said consolidation shall be affected and the stock of the said new consolidation shall be deposited with the trustees herein mentioned in substitu tion for the stocks and bonds of the constituent com panies. It is further agreed that when the Consolidated Company has the right so to do, it may transfer its road and property, represented by the said stocks and the said mortgage bonds DAILY CLOSING PRICES OP LARD FUTURES. of the Metropolitan Southern RR. Co., to the Trustee herein, Sat. Mon. Tices. Wed. Ih u r s . FrU 7-30 7 -3 0 as security for the bonds issued under this mortgage ; and Ju ly...................................... 7-35 7-45 7-40 7 3 5 ....... . . . ........................... 7'35 7-30 7-30 7-30 Septem ber....... when said consolidated road and property are so conveyed to Pork has been firmly held, but demand has been quiet, the Trustee herein they shall become subject to all the trusts and provisions in this mortgage contained, and the 3 closing at $14 00 @ $14 25 for mess, $13 50 @ $16 50 for short clear and $15 50 @ $16 00 for family. Cutmeats received in said stocks of the constituent companies shall be delivered to the B. & O. RR. Company, and the said bonds of the Metro creased attention and prices advanced sharply early in thepolitan Southern RR. Co. canceled and destroyed, and the week, owing to shutting off of supplies from the West by the railroad strike, but at the close the market was weaker un mortgage securing the same released. der the resumntion of traffic, closing at 8 @ S%c. for pickled, bellies, 12 19) 10 lbs. av., 6%c. for pickled shoulders and 12c. for pickled hams. Beef has been quiet at $8 @ Southern.—An E v e n in g P o st dispatch from Raleigh, N. C., $8 50 for mess, $8 @ $10 for packet. $10 @ $12 for July 13, says: “ Mr. Samuel Spencer, the President of the family and $15 @ $17 for extra India mess. Beef Southern Railway Company, on his return from the sale of hams have been unchanged at $21. Tallow the Charlotte Columbia & Augusta Railroad, talked about the has been fairly active at a slight advance, closing at 4%c.; organization of his road very freely. Among other things he lard stearine has been dull and nominal. Oleo stearine has said that the Georgia Central could not be incorporated at been firm but quiet at 7%@7%c. Cotton seed oil has re present with the new Southern Railway system, on account of ceived increased attention and the close was firm at 29c. for complications, but that it would in due time become a part of prime crude and 33c. for prime yellow. Butter is dull and th at system. There will be two main divisions of the new easier at 14@18c. for creamery. Cheese is in fair demand system,” said Mr. ^Spencer. “ The old Richmond & and firm at 7%@9%c. for State factory full cream. Fresh Danville system will constitute the eastern division, eggs are quiet and easy at ll% @ 1 2 c. for choice Western. with W. H. Green as General Manager, and the Raw sugars were steady in price and refiners have expressed old East Tennessee Virginia & Georgia system will con a willingness to take all stock guaranteed to arrive before thestitute the western division. A. Henderson, of Knoxville, end of current month. Centrifugal quoted at 3%c. for98-deg. Tenn., General Manager. All the headquarters will remain test and muscovado at 2 ll-16c. for 89-deg. test. Refined sugar as they are for the present. The law requires that the head in more active demand, prices showing advance; granulated quarters of the eastern division (the old Richmond & Dan at 4}^c. Other staple groceries quiet but steadily held. ville) shall remain at Richmond, Va., but the road will be Coffee scarce and firm on spot, especially full standard operated from Washington, D. C. All the old officers will be qualities, but low grades offered with greater freedom to ar retained,” continued Mr. Spencer, “ and given positions as far rive at shrinking rates. Rio quoted at LQ%c. for No. 7 flat as practicable, but the force will be considerably reduced by bean and 16c. for cafe das aguas; good Cucuta, 20%'32Q%c.? reason of the consolidation.” and interior Padang, 23@23%c. In contracts some irregular The deed conveving the Charlotte Columbia & Augusta ity shown, but offerings proving moderate and well managed, Railroad to the Southern Railway Comoany was filed at sellers retained fair advantage, the market closing about Charlotte, N. C., on Wednesday. Of the $100,000 bid for the steady for all months. Following were final asking prices. property, $10,0v0 was paid in cash, and there was delivered ly...................15-35c. O ct....... ............. 13-75c. J au ...................... 1 2 " 9 5 c to Special Master Hagood $489,000 first consolidated mortgage Ju Aug..... ............. 15 •One. N ov.....................13-350. F eb .................... 12-85-c. bonds of the Cnarlotte Columbia & Augusta Railroad S e p t ............... I 4 ,25e. D e c .................13-25C . M a rch ............... 12-75C . Company, with all unpaid coupons attached. Kentucky tobacco has been m slow demand, but prices have been without change and steady. Seed leaf tobacco has been in slightly better request at steady prices. Sales for the —The reorganization committee of the Union Pacific Rail week were 1,450 cases including: 750 cases 1892 crop, Wis way has issued a call for the deposit of the securities of that consin Havana, 9 a l l ^ c .; 250 cases 1892 crop, State Havana, 8= company and sixteen of its subordinate lines. The commit @ llg0.; 75 cases 1892 crop, New England Havana, 20@45c.; tee states that its first effort has been'directed to the read also 550 bales Havana, 68c.@$l 05, and 450 bales Sumatra, justm ent of the company’s debt to the United States. Suffic $2 90@$4 50. ient progress has been made in that direction to warrant the The speculative dealings in the market for Straits tin have conclusion that a fair readjustment may possibly be brought continued dull, but prices have been without important about at short notice, provided a sufficient number of holders changes and the close was steady at 19 35c. Ingot copper has shall, by depositing their securities pursuant to this call, been without change and quiet, closing at 910c. for Lake. indicate their desire for a reorganization, and confer upon Lead has been in slow demand, but steady at 3'50c. for do the committee the power requisite to enable it to act effic mestic. Spelter has been quiet, closing at 3 45c. for domestic. iently in the premises. For this and |other reasons the Pig iron has been unchanged at $9 75@$13 for domestic. committee believes that the interests of all classes of se Refined petroleum has been steady at 5T5c. in bbls., 2-65c. curity holders require the immediate concentration of the in bulk and 6'25c. in cases; crude in bbls. is unchanged, more important issues. Deposits may be made in exchange Washington closing at 6c. in bbls. and 3-50c. in bulk ; naphtha for proper trust receipts with the Mercantile Trust Company 5% c. Crude certificates have been steady, closing at 84c. of this city ; the American Loan & Trust Company, Boston ; bid. Spirits turpentine has sold slowly and prices have de J.S. Morgan & Co., London;also with Adolph Boissevain & Co., clined to 29t£@30c. Rosin has been quiet, but steady at Amsterdam. As soon as possible application will be made to $1 35@$1 37% ror common and good strained. Wool has been list the certificates of deposit upon the Stock E x ch a n g es of moderately active and steady, Hops have been dull and de iiew York, Boston, London and Berlin'. pressed. J uly 75 THE CHRONICLE. 14, 1894.J In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs. from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building. this evening the total receipts have reached 5,910 bales, ON S H IP B O A R D , NO T C L E A R E D — F O R against 10,119 bales last week and 12,806 bales the previous L ea vin g J u ly 13 at— week; making the total receipts since the 1st of Sept., 1893, Stock. Great France. Other Coast Total. 5,899,686 bales, against 5,026,458 bales for the same period of Foreign wise, B rita in . 1892-3, showing an increase since Sept. 1,1893, of 873,226 bales. 43,995 636 C O T T O N . F riday N ight , July 13, 1894. T he Movement of the Cr o p , as indicated by our telegrams Receipts at— Sat. G alveston......... Velasco, &o___ N ew O rleans.. M obile............... F lo r id a ........... S a van n ah ......... Brunsw’k,&c. C harleston....... P t. Royal, &o. W ilm in g to n .... Wash’ton, &c. Norfolk.............. W est P o in t... N'port N ., &o. N ew Y ork......... B o s to n .............. B a ltim o re......... Philadelph’a &c 240 28 6 13 ...... ...... 1 Mon. Tues. 60 ...... 509 9 8 ..A ... 700 7 582 »...at 26 ...... 3 263 ...... 2 ...... 24 Wed. Thurs. 86 73 38 3 127 7 397 ......... 79 ... 175 2 ...... 25 F ri. 1 508 44 8 10 144 ......... 47 131 Total. 468 508 1,446 40 10 1,574 156 131 53 158 None. None. None. None. None. 2,450 1,700 N on^ None. None. None. None. None. None, None. Total 1 8 9 4 ... 4,308 None. 12,730 Total 1 8 9 3 ... Total 1 8 9 2 ... 19,229 13,430 4,376 2,316 14,678 13,320 New O rlean s... S a v a n n a h ...... Charleston....... M obile.............. N orfolk............. Other p o r t -.... 348 252 300 250 None. 2,500 None. None. 330 None. None. 600 None. None. 8,800 3,000 252 300 850 None. 2,500 11,250 4,700 7,9108,48314,773 4,769 7,408 153,93621,646 3,650 20,688 262,920t 3,658 2,242 41,941 31,308 298.530 463,255- Speculation in cotton for future delivery at this market again proves of an exceedingly limited character. With the ...... 396 present crop months and even September selling inside of 60 35 12 145 125 19 ......... ......... 7c. the bears are unwilling to assume an aggressive attitude,, .....a .....a 104 and the dull condition of general trade, together with prom 104 ...... ...... ...... ...... ...... ...... ......... ...... ...... ising growing crop prospect serve to prevent investment. 165 29 50 5 81 There has been some buying of early fall months by local 597 ......... 597 262 operators as an offset to sales of cotton on th e spot at low 42 61 52 104 On Saturday reports that the drought had been • 5.910 prices. T ot’ls th is w eek 429 1,393 1,068 837 478 1,700 broken in Texas induced free selling by the small longs an d The following shows the week’s total receipts, the total since Sept. 1, 1893, and the stock to-night, compared with last year. prices receded 5 §6 points, closing tamely, and during Monday a further decline of 4 points was made under the influence of Stock. 1893-94. 1892-93. very favorable crop reports and an absence of buying orders, Receipts to This Since Sep. This Since Sep. 1893. J u ly 13. 1894. The Government crop report was made on Tuesday showing Week. 1 ,1 8 9 3 . Week. 1 ,1 8 9 2 . condition slightly below some previous local estimates, and a>. G a lv esto n ... 22,378 8,162 468 1,003,231 674 1,038,159 momentary display of strength was made, but the fact that Velasco, &o. 56,414 43,590 508 118 90,807 the official exhibit was above last month and last year soon N ew Orleans 7,751 1,574,156 44,831 1,416 1,860,223 6,108 turned market in buyers’ favor again. During Wednesday M obile........... 40 197,944 27 167,916 4,769 and yesterday the market was strong enough to gain a few F lo r id a . . . . . . 36,391 10 28,159 points, principally upon influence of local demand for fall S a v a n n a h ... 16,941 1,860 777,869 1,574 961,858 8,783 months, to balance sales of cotton to spinners and exporters. 98,041 Br’wick,&o 854 140,265 To-day the tone continues weak with about 5 points los3 un C harleston.. 14,154 156 338,029 929 283,841 15,623 der some evidence of a desire to liquidate August. The sale 80,788 P.Royal,&o 131 427 of spot cotton has been fair but offerings free and prices lower, Wilmington.. 4,116 closing at 7^c. for middling uplands. 53 189,544 77 159,740 2,368 Wasn’n, &c 499 The total sales for forward delivery for the week are 291,209' N o rfo lk ........ 9,908 12,230 bales. For immediate delivery the total sales foot up this week 396 489,547 1,747 283,775 W est Point 239,119 142 194,427 100 11,856 bales, including 6,210 for export, 5,446 for consumption, 61,512 N ’p’tN .,& c 21,955 104 348 — for speculation and 200 on contract. The following are N ew Y o rk ... 70,529 224 47,831 165,186 151,886 the official quotations for each day of the past week— B o s to n ......... 165 100,301 3,700 July 7 to July 13. 334 118,940 5,400 B a ltim o re... 597 66,004 11,914 60,906 426 8,561 Rates on and off middling, as established Nov. 22 by the 262 Philadel.,&o. 65,825 67,634 1,105 5,710 9,581 Revision Committee, at which grades other than middling T o ta ls........ 5 ,9 1 0 5,899,686 15.762 5,026,458 283,608 3 4 0 4 7 1 may be delivered on contract: In order that comparison may be made with other years, we give below the totals at leading ports for six seasons. Receipts at— 1894. 1893. 1892. 1891. 1890. 1889. G alves’n,&o. N ew Orleans M o b ile......... S a v a n n a h ... Char*ton,&o. Wilm’ton,&o N o rfo lk ....... W. Point,&o. A ll o th e r s... 976 1,446 40 1,574 287 53 396 104 1,034 792 7,751 27 1,860 929 77 1,747 490 2,089 1,592 7,684 185 1,103 252 79 251 392 4,635 696 3,981 149 1,873 744 68 551 3,172 2,938 40 849 5 349 186 18 12 79 962 122 718 38 472 443 1 3 20 135 Tot. this wk. 5,910 15,762 16,176 14,172 2,592 1,952 Since Sept. 1 5899,6«6 5026,458 7078,373 6884.614 5783.896 5504.606 The exports for the week ending this evening reach a total of 25,157 bales, of which 16,626 were to Great Britain, 85 to France and 8,446 to the rest of the Continent. Below are the exports for the week and since September 1, 1893. fro m — Week Ending July 13. From Sept. 1,1893, to July 13 181 Exported to— Exporte l toGreat Conti Total Great Conti France France lotal. B rit’n. nent. Week. Britain. nent. G a lv e s to n ....... 558,346 98,361 508 2,610 6,928 N ew O rle a n s .. M obile & P e n . S a v a n n a h ....... B ru n s w ic k ...... C h a rle s to n * ... W ilm in g to n ... N o rfo lk ............ W e s t P o in t.... N ’p’t N ew s, &c N ew Y o rk ....... 854 9,498 314 32 508 8,533 854 ......... ......... 85 5,029 14,612 314 299 331 764,295 33,574 111,798 38,555 231,737 63,309 156,567 76.497 46,721 470,312 227,422 43,487 26,536 410,600 000 32,697 2,600 16,206 350 18,563 117,217 773,924 35,701 431,614 1,606,509 1,086 35,160 372,203 516,698 30,155 71,310 153,751 401,694 99,095 167,404 14,850 171,767 19,4fi7 95,964 46,721 234,255 733,130 2,503 229,924 152,361 201,863 12,315 33,851 F a i r ............................ ....... M id d lin g F a ir. ............ . . . S tr ic t G ood M id d lin g .. G ood M id d lin g ............... — S tr ic t L o w M id d lin g ... L ow M id d lin g ................ S tr ic t G ood O rd in a ry .. . . . U PLAN D S. G U LF. S T A IN E D . 85 Th. F ri. 61,6 63t 73,6 713 81,6 61,6 6% 7 3 ,6 71« 81,« 6 6 l l 10 718 77ie. 8 M on T ues W ed T il. F ri. 6516 65,e 7 77,6 7% 6 5ie •7 77,6 7% 85,« M on T ues W ed T li. 6 'i e 6118 6% 7^6 7Lj S ij« 7^3 81,« S a t. 6»8 7116 71« 7131P 88s 6518 7 7h6 7% 85,« S a t. G ood M id d lin g ”T in g e d ................ 5 7s 6 ls ie 7G a 7M öt» i« 6 \ 63l¡52 73,« 7 7 ,6 ta i 85,6 6^4 61516; 73s 7 U 18 8M F ri. 5 i3 ie 5 '3 ie 51316 534 6% 63t 6% 6i i is. 63I32 631#32 63 Ï32 62833. 7 3 ,6 73,6 7*8 MARKET AND SALES. The total sales of cotton on the spot and for future delivery each day during the week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a glance how the market closed on same days. SA LES O F SPO T AND CONTRACT, SP O T M A R K E T C L O SED . T otal. 16,62(5 M on T u es W ed 61-8 613le 714 7 916 818 G ood M id d lin g ............................ .. 8,416 25,157 2,854,156 585.911 1,676,572 5,116 639 T o ta l.............. S a t. G ood O r d in a r y ............................. . T o ta l. 1892-9H.. 23,523 839 15,006 38,368 2.288.207 543.078 1,407 612 4.239 395 * In c lu d in g P o r t R oyal. 6,034 o ft. G ood O r d in a r y ................ ,o . G ood M id d lin g T i n g e d ... E ven. S tr ic t M id d lin g S ta in e d .. 7sa off. M id d lin g S ta in e d ............... 7 ,e oft S tr ic t L o w M id. S ta in e d .. 2932 off.. L o w M id d lin g S t a i n e d .. .. oft. On this basis the prices for a few of the grades would be as follows: Sat’d a y . Monday Tuesday Wed’daÿ Thur’d’y F riday.. B a ltim o re ........ P h ila d e lp ’a . . . . on. on. on. 516 on. off. off. i» .a1oft. 78 S te a d y ................ Steady at lie dc. Steady ................ Steady ................ Steady ................ Steady at lie dc. E x p o rt. 1,750 240 1,100 2,050 4 0 670 Con- Spec- Con sum p. utl ’t ’n tract. 474 520 1,284 1,107 1,000 761 .... 6,210 5,4461 .... Total. Sales o f Futures-. 2,224 960 2,334 3,457 1,400 1,431 48,10O> 51,500 69,8004 5 ,9 3 0 31,300 44,600 200 11,856 •291,201 200 _ .... .... 76 THE CHRONICLE. T h e S a l e s a n d P r ic e s o p F u t u r e s a r e s h o w n f o llo w in g c o m p r e h e n s iv e ta b le . <® e, ii iO'gi ® QQ* 4® ®^ ® ® I g S g- Q hj® ? oü& B© <3>£¡ 00 a¡ a 9 §, O B-® tí*® P OD® Pi p T 84-gH.1 ■5«03 ^ P efr, ^ OItJSP® oö-ES* ® o ®P E*o> P OB'*® ® ® i WOJ : p : «<i1 P H •• M : » : m e: o> ft t** m •qt© uu © ©itoM J»h| ® ftv* a -l© »SB 51 tiO 00° CO 0505 ► OC3D CP CDCD 9 CD ft© 9 W S ft© 0505 «W Ó 05 05050 05 CDCD®© CDCD®CO OM O ft Ito w acó to <j ftft ► toco ® toco 9 OOlto i a.®: 99 w 0505 Ö05 C5G50G5 t®e COCOw.CO COCfO 9 EflitoÉ <& a ? ,g <D COVi H <10* • w° CO 059 ► CDCD to J M' to 0505005 CDCD®© O'CH > 0505 ¡J ©© 9 -J MM*1 COCO C5 b> -4 ft 5 CHCHM**< ó co 2 i a.®: i a® : ft c» ft-a c ft © ©®© ’to ft©__<i_ to -1-4 ^ -4-4 <4 o ó ® OO 2 fcOfcS *4 — JW *4 t oi®; i 9®: COCO ® to 03 f t ito to 5 ft© coto ® to 03 *4 , apo; 03 •JvlOffi >-a o^t® H up S ® O 3.H-.® m c > ® p. ti-® m so P P^Vj as W 80 o* ert-M &■» g plHH ■5: *«i b y th e g 0*5)32© no Qfrjaog. e 2 f£ ® C5 ® S4 QQ©©3 fi-* ! fa r ? : £?& «a : p . <*5 E 8pi5 f i Ä q goc to*g. fewS » p ■ »a o s ’* s p : i $ O S• 1 a ®• ft w 2 ® ii ®^ ^ ® Pi 00& VÍ sJOgD ' w®!* ft > 0505 ■ 4 CDO 9 OO »a J M 0505005 CDC D°CO >-*KA o to © ft Í CD© ®. i a.®: 9 < |© 9 COO^CO ch© O» ft Mió h. ©ow H ^ 9.T* CD ® WV1 a -j o w® _®»_ 0505 $ CDCO 9 o o 19 ; -4 0505Oft CDCD°CD to M to © ft J CO© ® ItoltoM** 1« r : ftft <5 9 ftft « 4 i a^: to ft© % ft-1 ¡4 tótó ® COÓ ® ©<ft «4 too*-.*« a® : 00 iOO 1'? < tí MM2*4 18.®¡ -1-10-1 <¿o®ó COM CO -f-l üj oMoM ® 9©; lo -1-10-1 etOó^ ° ó05 tótó te 1 ft f « ij <i Ii* M » 5. ® M& 05® sg » a ooW® « a. oo___ _ >■ 05 ® CD 9 Cii I s»r: IP* a 05005 CD©® © Ü»<1 05 to ft© % CÓ© ® OOQOM** 1 ®.®: 0505005 O < 1 0 0 COCO-®CO c ó ó ® ó CH05 OX COCO O to. to ó ó ° t¿ -4-1 5to ÖO ftO 2«4 9®: W -4-10-1 M<JO<l o©°<£> ó ó 0000 Ü! <105° óW ► - i-i ► < •4 9 MÓ a> WOO^ 1 a it: I9«: o 20-1 ■ t'lO S -1— MM®M H H ° P 0 0 3 M ftlto 03 -JO to < MM ® ftft *4 o< i *■ © ft i a.? i or1 © -4-4©-i llO J. lg Ü T 00 ® coco *4 > <1<I % CÄ « O© 2 OP05 4 C i a.®: C J i -1-10-1 $ 0©M°0 5H» M MM > - i-i ► -4-1 ► 9 ÓÓ 9 OÓ ct> CD00 o° °o tow q 05 Ö J 05* <1<1o<i oco o COO co 0300 ox to -J-J ^ to -J-J % MM ft MM2 coco f t 9® tp —i<i o — I -J -J O-J M kÓ°M M M °M ^IM ft ft-J ft O M > to ► <i-a *?*? 5 *?*? < *?*? < *?*í < ts) to 9 tato tótó 9 tótó ® tótó 9 —I *u H te to C«CH I o_M I aj-1: i a i0: I a®: l ar: to ft 00 O 00 <j<i©-a -j*aio-ci ^*ao<i -a*ao<i <l-JO»q totaw tt) tote® to tótór tótó® tó tótó®tó tótó® ti 03-J ft oo -J ft -JOt 03 f t O -J > -3-3 ¡J -a-a i 1*? ■? tocó ® tótó tótó tótó 9 ©oo coto ^ 03 tO Mito X i a: ia : ia ia i a„M: u i Ito: o 0-3 O -J -3 -3 0 -3 -3-30-3 iI o w I O to to to M to CUCÓ®03 ft 00 00© © 03 f t f t to A ver 7-37 7*35 —J -3 -3-3 ^ -3-3 5to tocó 00 03 9 tocó 9 ©Ito ► * ftft ** w M *i© 1 O»-4! ©-4 i a t a»; Ito W® oc to o ® o MMOM -3-30-3 10-3 ---------- -3-30-3 ---------- -3— ---------co w °w ° ODCD 00 -3-3 tótó 03lto H i a»; 03 03 w 03 03 1 f tft ft © I I 1 «; : 1 «: : I It: IP m I I ► ► 11 S £3 1 > ® 1 1 1 «: : 1 a; : 1 «: i a: : I I I I I 9; : i «: : 1 9: : I i: Ml I 1I 1 n l I 1*: ► ◄ ft t 1 J 1 I ii ia -3-30-3 I 1 ! ^ 9 I l ► ► ► £3 1 1 £ S *1 1 1 £ 1 1 : i a i : 1 a: : 1 a: I I i I ► ► £ 11 3 tg : 19 : : l l ► £3 I I S : Ia Ii * Includes sales in September, for September, 1,700; Septem berOctober, for October, 207,800; September-November for N ovem ber. 717,900; September-December, for December, 1,862,400; September* January, for January, 7.039.900; September-February, for February. 1,486,8t>(; September-March, for March, 6,514,900; September-April, for Ajiril, 1,766,20«; September-May, for May, 5,844,400; SeptemberJ u n e, for June, 2,184,500. I® “ For exchanges sqe page 79. T he V isible Su pply of Cotton to-night, as made up by cable and telegraph is as follows. The Continental stocks, as well as those for Great Britain and the afloat are this week’s returns, and consequently all the European figures are brought down to Thursday evening. But to make the totals the complete figures for to-night (July 13), we add the item of exports from the United States, including in it the exports of Friday only. [VOL. L1X, 1894. 1893. 1892. 1891. Stock at L iverpool.........b ales. 1,331,000 1,376,0001,549,000 1,071,000 6,000 7,000 9,000 15,000 Stock at London______ ______ Total Great Britain stock. 1,337,000 1,383,000 1,558,000 1,086,000 4,700 Stock a t H am burg.................... 35,000 14,000 6,000 Stock at Brem en......................... 154,000 141,000 126,000 106,000 23.000 Stock at A m sterdam ................ 13,000 17,000 26,000 Stock at Rotterdam ................... 200 200 200 300 Stock at Antwerp........... . 13,000 10,000 7,000 9.000 Stock at H avre............ 394,000 3S7,000 414,000 235.000 Stock a t M arseilles................... 7,000 8,000 10,000 8.000 73,000 101,000 94,000 Stock at B arcelona................... 94.000 9,000 Stock at G enoa........................... 13,000 24,000 17,000 Stock at T r ie ste......................... 35,000 29,000 48,000 44.000 Total Continental stocks.. 737,200 734,200 748,200 535.000 Total European s to c k s__ 2,074,200 2,117,200 2,306,200 1,619,000 India cotton afloat for Europe. 78,000 65,000 89.000 80,000 Amer. cott’nafloat for Europe. 6*1,000 82,000 77.000 45.000 Egypt,Brazil,& c.,afltforE’r’pe 30,000 30,000 24.000 18.000 Btocxin U nited States p o rts.. 283,608 340,471 494,563 253,917 Stock In U. S. interior to w n s.. 76,577 120.466 165,696 86,667 1.789 3,162 United States exports to-day. 1,232 4.356 Total visib le supply...........2,609,617 2,759,493 3,158,248 2,105,746 Of the above, totalsofm erioan and other descriptions are as follow s: jA.wi6rt(/(ui— Liverpool stock..............b ales. 1,125,000 1,121,000 1,316,000 846.000 Continental sto ck s............... 563,000 606,000 550,000 355.000 American afloat for Europe. . . 66,000 82,000 77,000 45,000 United States stock.................... 283,608 340,471 494,563 253,917 United States interior stock s.. 76,577 120,466 165,696 86,667 United States exports to -d a y .___ 1,232 4,356 1.789 3.162 Total American....................2,115,417 2,274,293 2,605,048 1,589,746 E ast In d ia n , B ra sil, Ac. — Liverpool s t o c k ........................ 206,000 255,000 233,000 225,000 London sto c k ................. 6,000 7,000 9,000 15,000 Continental stocks.................. 174,200 128,200 198,200 178,000 India afloat for Europe____ _ 78,000 65,000 89,000 30,000 Egypt, Brazil. &c., afloat......... 30,000 30,000 24,000 18,000 Total E ast India, &o........... 494,200 485,200 553,200 516,000 Total Am erican......................2,115,417 2,274,293 2,605,043 1,589,746 Total visible supply............. 2,609,617 2,759,493 3,158,248 2,105.746 Middling Upland, L iverpool.. 3i516d. 4^d. 3i516d. 4qsd. Middling Upland, N ew York.. 7^ 0. 8 l i6<3. 7q c. 85ie0. Egypt Good. Brown, Liverpool 5d. 55led. 4i516d. 6 m4 . Peruv. Rough Good, Liverpool 5Hj«d. 6J«d. 6d. 9d. 4d. 47lfid. 3 i5 lftd. 47j6d . Broach Fine, L iverpool........... rinnevelly Good, L iverpool... 3%d. 4^4d. 3i5ied. 4Jed. ¡¡¡2p The imports into Continental ports the past week have been 54,000 bales. The above figures indicate a decrease in the cotton in sight to-night of 149,876 bales as compared with the same date of 1893, a decrease of 548,631 bales from the corresponding date of 1892 and an in crease of 503,871 bales over 1891. A T t h e I n t e r io r T o w n s the movement—that is the receipt8 for the week, and since September 1, the shipments for the week and the stocks to-night, and the same items for the corresponding period of 1892-93—is set out in detail below, i lBi l l l i l _ __ H O 8§ 4 1 oolo to ; ito ito; oc! tOOC»! Ü«CDCT> C5 M §g 8«! 05 CH OCC9»’ <IO^WfcO o < io O tf*> fcO 05 MM M C*£totfitoWaOMtOCOfcölOM|l».Ü«COCölO*ö^l Üx050500tD050005W05&OM 05 M j^^l 00 O CD00 M 05 rC CDp i < 1 ^ CDOt^tO^lÜi^CD^tí^OCO HS Vol0Vj\0t0W^^^I0Ml0VV|\0CD\0^CDC0'V|Üi'M05,í0ÜiMl0 05V ©to CD»íOC*3CD-iO-1tOfcDOCO<J»-»<ICtíCDOOCDCC<J0050^0tOOMCJ*OtO COM CO<1 fcO CDO M CD05 05 O 05 O <i 05 M fcOO 00 M ^ 05 CO© M CO § O M bO<J' Ol CD» CO M* o fcoo5co; oio«05o»m ; <itow; Ot COGOQOW • <J COCPOCM • »^<1GD. to M p ; COM WHJO M CO w • ! MCJ1 s r f !• O lCO fll^Q O M ^!* OO OC mWMH’ omi w. • 00M MMMj^* wmm m 08 Cnb0O5M» 05 0 oVo^lMOOCJ»CO^b»MOiCJitOCobx^ t0 00t0 05 tO ^ O tOCOjfto.; <1*. M CO05 00CO 05 <100000^3 CO03^305 cowo ^ CO00 <1 CDW» C0MÜl<Jt3OWWOO<J<lQ005G0C0Mt0C0CDCDCDtf^O 1 a . w to» •to CD' c* M to M O» M M Mi« M CH35 to CCCHCH CDM : a tc M CD• 00 M O« Ol to O 05 W* to to CD CHtc CO00 W Oí 05 0 05. 1 to CHW M MM to M M O W ^ X to to 0 to l-A35W Ol COto t3 M 35 CHCHCH05 O X tow COCHO to •DlOOCO05 M M CHw CDWWM to CDCDtOMCH CDO M05 CHlf^ M M © CDC>00 »ft O O M M M Oa0 0 0 05 05 O WM 35 MM M O CDCDCH05 MW M 0 to WCC C Cfl 0505 tc M 05 05 CCO oc OC(X O CHCP tc M 05 »^ £toCOGOCOGC 05CJI M CDI-i to O CHw oo00 0 CD to COCOCDto M a © M CDOQDQO •to0 05 M - j Sg to »2g! CO^ s t^-MM 05: 00 CO* O»t0 *-* M W M M 05 tO05 tO • C0OCD05M! 00 M 05O O O M 000500»M M ! MMOtf^W* 010M0501' MOMOCDtf^CJttSOMCsCJ'QOCO tO GO 00co to 00 CO05 §2 S-S-3 MW MMMp»aiO W WM to (to W ftM 1 © © M- Vatolo wVito ft'ft ft'Vq'*-ico'Mftlto-jl-* QO-3 ©fttoftko*-; < i- tsiuu; MO ® © © O Ito® ito© h*© o OPM© © ft M -1©O bS©O• «)' ©ft ©• C00DltoOC'*3-Jftft©W 00O-lftftftO00 ; * Louisville figures “ n e t” iu both years. t This year’s figures estim ated. 1 Last year’s figures are for Sherman, T exas. The above totals show that the interior stocks have decreased during the week 2,809 bales and are now 43,889 bales less than at same period last year. The receipts at all the towns have been 2,583 bales less than same week last year and since Sept. 1 are 427,415 bales m ore than for same time in 1892-93, J uly 14, 1894.] THE CHRONICLE. 77 W e a t h e r R e p o r t s b y T e l e g r a p h .— Advices to us by tele Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s . —Below we give closing quotations of middling cotton at South - graph this evening from the South are generally of a very favorable character. Rain has fallen in almost all localitiesduring the week and the crop has as a rule been benefitted C L O SIN G Q U OTATION S F O B M ID D L IN G COTTON ON Week ending thereby. Reports from Texas are on the whole quite satisfac F ri. Wednes. T hurs. J u ly 13. Tues. S atur. M on. tory, but in some sections of the State moisture is claimed to 6 78 6 78 615ie 6 78 6 78 G alveston ... be needed. 6 78 6 78 6 78 6 78 6 78 New Orleans 6 78 6% G alveston, Texas.— The weather has been favorable for 6% 6 % 6% 6% Mobile.......... 6 78 6 78 6 78 6 78 Savan n ah ... 6 7e 6 78 crops. We have had rain on one day of the week, the precip 7 7 7 7 7 C harleston.. 7 7 7 7 7 7 W ilmington. itation reaching tenhundredths of an inch. The thermome 711 « 71 i 6 7He 7 iie Norfolk......... 7% 7he 73l6 ter has averaged 78, ranging from 69 to 87. 7316 7316 B o sto n ......... 734 73ie 714 738 73b 738 738 738 73s B altim ore... P a le stin e , T exas.— W e have had rain on two days of the 75g 7*16 Z?1S 7»16 7°e 7®I6 Philadelphia 73ie 7®16 73le 7»16 week, the rainfall reaching twenty-two hundredths of an A u g u s t a .... 73le 7316 7*16 7}te 7 116 M em p h is.... 7he 7ha 7he inch. More rain is needed. The thermometer has ranged Ziie 7 116 7 x16 71x6 St. L o u is. . . . 7 I18 7He 6 78 6 78 6 78 615ie 6 78 6 78 H ouston ... from 62 to 98, averaging 80. , „ , 738 738 738 73s 738 73g C in cin n ati.. H u n ts v ille , le x a s .—There has been rain on one day oi tn a 7!fl 7 1« 7 1« 7% 7M 7H Louisville week, the precipitation reaching sixty-five hundredths of an The closing quotations to-day (Friday) at other important inch. Average thermometer 80, highest 98 and lowest 62. Southern markets were as follows. D a lla s , Texas .—Crops are doing well. It has rained on N e w b e r r y ...... ......... two days of the week, the rainfall reaching sixty-three hun A tla n ta ............. 6 38 L ittle R o c k .... 6 % R a leig h ............. 7 ® 7 18 6 % M ontgom ery... 65s Columbus, Ga. 678 dredths of an inch. The thermometer has averaged 78, the S e lm a .............. 6 L3 N a sh v ille......... 7 Columbus, Miss 638 highest being 98 and the lowest 58. N atch ez........ . 6 n ie Shreveport....... E u fau la........... S a n A n to n io , T exas.—D ry weather has prevailed all the R e c e i p t s f r o m t h e P l a n t a t io n s .— The following table indicates the actual movement each week from the plantations. week. Rain would improve cotton. The thermometer hae . The figures do not include overland receipts nor Southern averaged 82, ranging from 66 to 98. C o lu m b ia, Texas .—The corn crop is made and is generally consumption; they are simply a statement of the weekly movement from the plantations of that part of the crop which good. In some places cotton needs rain. There has been rain on two days of the week the precipitation being thirty-seven finally reaches the market through the outports. hundredths of an inch. The thermometer has ranged from , . Receipts a t the Ports. St’k at Interior Towns. Rec’pts from Plant’ns, 68 to 96, averaging 82. Week Cuero, Texas.— A. good crop of corn has been secured, nut E n d in g — 1894. 1893. 1892. 1894. 1893. 1892. 1894. 1893. 1892. cotton in some localities would be benefitted by rain* ^ There 30,526 25,296 18,697 218,864 187,899 112,131 18,807 11,338 6,865 has been rain on one day of the week, the rainfall being ten J u n e 8 ... 6,664 hundredths of an inch. Average thermometer 85, highest 102 “ 15....... 25,194 20,876 18,813 204,922 166,902 99,982 11,552 “ 22....... 19,643 23,096 .12,069 193,908 150,762 92,347 8,629 6,956 4,434 and lowest 68. . • . “ 29....... 16,474 19,938 12,806 182,624 135,393 85,585 5,190 4,569 6,044 L u lin g , T exas.— W e have had only a trace of ram the past J u ly 6 ....... 12,874 16,384 10,119 174,544 125,780 79,386 4,794 6,771 3,920 week. Moisture would be of benefit to *the crop. The ther “ 13....... 16,176 15,762 6,910'165,696 120,466 76,577 7.328 10,448 3,101 mometer has averaged 84, the highest being 102 and the The above statement shows: 1.—That the total receipts from lowest w e s t 66. uvf. _ the plantations since Sept. 1 in 1898 are 5,900,097 bales; in Bren h am , Texas .—The weather has been dry all the wee* 1892-93 were 5,018,290 bales; in 1891-92 were 7,188,140 bales. and the crop is needing rain badly. The thermometer has 2.—That although the receipts at the outports the past week averaged 82, o a , ranging inugius from 66 v/v, to 98. w. . , were 5,910 bales, the actual movement from plantations was B e lto n , Texas .—Hot winds have damaged corn; the ram 3,101 bales, the balance being taken from the stocks at was beneficial. There has been rain on three days of the the interior towns. Last year the receipts from the plantations week, the rainfall being one inch and nine hundredths of an for the week were 10,448 bales and for 1892 they were inch. The thermometer has ranged from 64 to 104, averag 7,328 bales. ing 84. . F o r t W o rth , Texas.— W e have had rain on two days of the O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s i n c e S e p t . 1 .— week and crops are good as a rule and doing well. The rain We give below a statement showing the overland movement for the week and since September 1. As the returns reach us fall reached seventy-five hundredths of an inch. Average by telegraph late Friday night it is impossible to enter so thermometer 78, highest 97, lowest 59. W eath erford , le x a s .—Cotton is in good condition and doing largely into detail as in our regular monthly report, but all the principal matters of interest are given. This weekly nicely. It has rained on three days of the week, the rainfall publication is of course supplementary to the more extended being four inches and forty-two hundredths. The thermo monthly statements. The results for the week ending July 13 meter has averaged 78, the highest being 96 and the lowest 60. New O rleans, L o u is ia n a .—Rain has fallen on five days of and since Sept. 1 in the last two years are as follows: the week, to the extent of one inch and twenty-four hundredths« 1892-93. 1893-94. The thermometer has averaged 72. . J u ly 13. Shreveport, L o u is ia n a .—We have had rain on four days of Since Since Week. Week. Sept. 1. the week, the rainfall reaching seventy four hundredths of an Sept. 1 inch. The thermometer has ranged from 63 to 95, aver S hipped— 914 605,840 1,153 472,243 aging 77. Via St. L ouis............... Colum bus, M is s is s ip p i— W e have had rain ©n two days of 484 231,271 1,055 202,713 Via Cairo..................... 142 138,752 the week, the precipitation reaching ninety-one hundredths of 13,756 Via Hannibal............. 14,069 an inch. Average thermometer 78, highest 95, lowest 60. 7,369 V ia E v a n s v H le ..... . . 2,246 128,685 290 130,481 V ia L ouisville............ . M e rid ia n . M is s is s ip p i.—Telegram not received. 681 107,824 783 106,160 V ia Cincinnati............ 395 163,320 L e la n d , M is s is s ip i.— W e have had rain during the week, the 407 128,948 Via other rou tes, &o. rainfall reaching one inch and six hundredths. The ther 5,834 1,227,606 2,878 1,223,825 T otal gross o v e r la n d ............ mometer has averaged 74'9, the highest being 89 and theD educt shipm ents— 2,089 298,6^0 lowest 61. 1,024 299,370 Overland to N. Y ., B oston, &c. 427 24,333 3 21,886 B etw een interior t o w n s . . . . . . . L ittle B o ck, A rk a n sa s .—Copious rains have fallen on two 359 72,461 days of the week, to the benefit of all crops. The precipitar 519 102,652 In lan d , & o.,from S o u th ........... tion reached two inches and ninety-two hundredths. The 2,875 395,394 1,546 423,908 Total to be d e d u c te d .......... thermometer has ranged from 60 to 90, averaging 74*6. 1,332 799,917 2,959 832,212 L eaving to ta l n e t overland* H elen a, A rk a n sa s .—The weather has been rather cool for In clu d in g m ovem ent by r a il to Canada. cotton the past week, but no damage is reported. Rain has The foregoing shows that the week’s net overland movement fallen on two days, on one of which constantly for seventeen this year has been 1,332 bales, against 2,959 bales for tbe hours. The rainfall reached three inches and forty-one hun week in 1893, and that for the season to date the aggregate net dredths. Average thermometer 74, highest 88 and lowest 58. overland exhibits a decrease from a year ago of 32,295 bales. M em phis, Tennessee.—The crop outlook is fine. The weather is now clear and hot, but there has been light rain on three 1893-94. 1892-93. days of the week, the precipitation reaching fifty-seven hun tn S igh t a n d Spinners' „ . Sine* _ , Since Takings. dredths of an inch. The thermometer haB averaged 76, the Week. 8 ep t, i . Week- Sept. 1 highest being 90 and the lowest 62*3. N a sh v ille , Tennessee.—Rain has fallen on two days of the 5,910 5,S99,686 15,762 5,026,458 R eceipts a t ports to July 13 ......... 2,959 832,212 week, the rainfall reaching thirty-five hundredths of an ineh. 1,332 799.917 N et overland to Ju ly 1 3 ......... 9,000 624,000 The thermometer averaged 74 and has ranged from 50 to 90. Southern consum ption to July 13 10,000 645,000 M ob ile, A la b a m a .—The crop is developing finely. We have Total m arketed. . . . . . , 17,242 7,344,603 27,721 6,482,670 411 *5,314 *2,809 t8,I68 had rain on five days of the week, to the extent of one inch Interior stocks in ex cess. and ninety-four hundredths. The thermometer has ranged, 22,407 Came in to sig h t during w eek. 14,433 6,474 502 from 68 to 91, averaging 78. 7,345,014 T otal in sig h t Ju ly 13.............. M ontgom ery, A la b a m a .—All crops are doing very well. Bforth’n sp in n e r s ta k ’ga to J ’ly 13 ......... 1,523,382 ......... 1,680 634 Cotton especially is looking more vigorous and cleaner than * Decrease during week. t Less than September 1. ever before. We have had rain on two days of the week, theIt will be seen by the above that there has come into sight rainfall reaching ninety-nine hundredths of an inch. Average during the week 14,433 bales, against 22,407 bales for the thermometer 77, highest 84 and lowest 68. Selm a, A la b a m a ,—Rain has fallen nearly everywhere m same week of 1893, and that the increase in amount in sigh< this locality and crops are good. There has been rain on two to-night as compared with last year is 870,512 !:ales. 78 THE CHRONICLE. «days during the week, the precipitation reaching one inch and three hundredths. The thermometer has averaged 77, 4he highest being 89 and the lowest 63. M a d iso n , F lo r id a .—The plant is looking well but there has been too much moisture. Rain has fallen on each day of the past week, the rainfall being three inches and ninety hundredths. The thermometer has averaged 79, ranging from 67 to 89. Colum bus, G e o rg ia .—There has been rain on two days dur ing the week, to the extent of two inches and thirty-eight hundredths. Average thermometer 77, highest 88 and low est 63. S avan n ah , G e o rg ia .—We have had rain on five days of' the week, the rainfall reaching four inches and thirty-one hun dredths. Average thermometer 77, highest 93 and lowest 66. A u g u sta , G e o rg ia .—Accounts from the crop are as a rule favorable. Condition is good, but at some points there has been rather too much moisture, and grass is troublesome. There has_ been rain on three days of the week, the precipita tion reaching one inch and ninety-eight hundredths. The thermometer has averaged 75, the highest being 90 and the lowest 60. C harleston , S outh C a ro lin a .—Rain has fallen on five days durin g the week, to the extent of two inches and twenty nine hundredths. Average thermometer 75, highest 90, lowest 64. S tateburg, South C a ro lin a .—Crops are greatly improved, but grass is also pushing up rapidly. There has been rain on four days of the week, the rainfall reaching one inch and ■sixty-six hundredths. The thermometer has averaged 74'3, the highest being 86 and the lowest 60. W ilso n , N o rth C a ro lin a .—There has been rain on one day o f the past week, the precipitation reaching one inch and three hundredths. Average thermometer 77, highest 86, low est 64. The following statement we have also received by telegraph, ¿showing the height of the rivers at the points named at 8 o’clock July 12, 1894, and July 13, 1893. J u ly 12, ’94. J u ly 13, ’93. Feet. Feet. 4*5 14-7 10-9 16 3 3-0 30 1*1 7'2 4-5 29-0 [Vol. LIX, Alexandria Receipts and Shipments.—Through arrange' ments we have made with Messrs, Davies, Benachi & Co., of Liverpool and Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The follov ing are the receipts and shipments for the past week and fot the corresponding week of the previous two years. A le xa n d ria , Egypt, J u ly 11. 1893-94. 1892-93. 1,000 4,973,000 T h is Since week. Sept. 1. 5,135,000 T h is S in ce week. Sept. 1. 1,000 4,661,000 T h is Since week. Sept. 1. Exports (bales)— To L iverp ool. . . . . . . . 310.000 To C ontinent............. 12,000 297.000 304.000 6,000 324.000 327.000 3,000 262.000 6,000 628,000 3,000 589,000 Receipts (can tars*).... This w e e k .... Since Sept. 1. T o ta l E urope......... 12,000 607.00 * A cantar is 98 pounds. 1891-92 This statement shows that the receipts for the week ending July 11 were 1,000 cantars and the shipments to all Europe 12,000 bales. M a n c h e s t e r M a r k e t . —Our report received by cable to night from Manchester states that the market is quiet for both yarns and sheetings. Stocks of b ith yarn and goods are accumulating. We give the prices for to-day below and leave those for previous weeks of this and last year for comparison: 1894. 32* Cop. Twist. d J’ne 8 o^e “ ÎSIÔ^ « 22 6*8 “ 29 6 July 6 6 § 13 5 78 1893. OotVn M id. 32* Cop. TJplds Tw ist. 8H lbs. Shirtings. d. s. d s, d. ®6I&1« 4 1 0 ^ 9 6 9 9 ®61&16 410ifl® 6 8 ^ /®t>% 4 9 ® 6 8 ®6% 4 8>a®6 7 ^ ®6% 4 8 ® 6 7 ® 6 i5 1fl 4 10ifi®6 d. 41-18 4 116 411 « yi°i6 4 315lß 8H lbs. S h irtin g s. d. d. s. d. s. 63i ® 7 sa 5 4ia® 7 678 ®7% 5 6*8 ®7 6 v8 ® 7 3 t 5 6 ^ 9 7 6 78 ®7% 5 6 i 3 lf ia 7 5 8 5 61*97 6 78 ®7®8 5 7 ® 7 d. 1 4 -4 4 4 4 OotVn M id. TJpldt d. 43a 41* 4 1« 4716 4% 419 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 (July 13) and since Sept. 1,1893, the stocks to-night, and the same items for the J u t e B u t t s , B a g g in g , & c . —Business in jute bagging has corresponding periods of 1892-93, are as follows. been fairly active during the week just closed, but prices have undergone no change. The quotations this evening are 5%c. 1893-94. 1892-93. Stock. for 1% lbs., 64£c. for 2 lbs. and 6%c. for standard grades in a Receipts to J u ly 13. This Since This Since .jobbing way. Car-load lots of standard brands are quoted at week. Sept. 1. week. Sept. 1. 1894. 1893. for 1% lbs., 6J^c. for 2 lbs. and 6%c. for 2}£ lbs. f . o. b. 2 54,175 a t New York. There has been a quiet market tor jute butts S avan n ah ___ . . . . . . . ___ 8 35,456 984 1,824 2,212 5,973 356 302 a t l% c. for paper grades and 2% c. for bagging quality. Florida, & c........................ 10 3,571 808 3,775 460 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 12 59,958 Total................... ......... 8 45,204 2,148 2 ,5 8 6 and saipments of cotton at Bombay have been as follows fcr the week and year, bringing the figures down to July 12. The exports for the week ending this evening reach a total BOM BAY R E C E IP T S AN D S H IPM E N T S F O B F O U R Y E A R S of 26 bales, of which 26 bales were to Great Britain, — to France and — to Reval, and the amount forwarded to Ship m en ts th is week. Sh ip m en ts since Sept. 1. Receipts. Northern mills has been 35 bales. Below are the exports for Great C onti T ear Great C onti T his Since the week and since September 1 in 1893-94 and 1892-93. T otal. Week. Sept. 1. B riV n. n en t. Total. B rita in nent. N ew O rleans___ M em phis............. N a s h v ille .......... S hreveport____ Vii».lrsbnrp|‘_T, ’93-4 3.000 3.000 46.000 744.000 790.000 15.000 1.745.000 ’92-3 2.000 2.000 41.000 779.000 820.000 11.000 1.701.000 ’91-2 68.000 813.000 881,000 9.000 1.713.000 ,90-1 2,000 6,000 8*,ÖÖ0 103,000 908.000 1,011,000 8.000 1.992.000 According to the foregoing Bombay appears to show an increase compared with last year in the week’s receipts o •4,000 bales and.an in crease in shipments of 1,000 bales, a n t the shipments since Sept. 1 show a decrease of 30,000 bales. The movement at Calcutta, Madras, and other India ports f i the last reported week and since the 1st of September, for two years, has been as follows. “ Other ports” cover Ceylon Tuticorin. Kurrachee and Oooonada. S e a I s l a n d C o t t o n M o v e m e n t . —We Exports . from — Savannah... Chari’t ’n,&c Florida, &e. New Y ork.. B o ston ........ B altim ore.. T otal........ Week E n d in g J u ly 13. Since Sept. 1 ,1 8 9 3 . N orth'n M ills. Great F r’nce Great F r’nce Total. BriVn. (ÉC. Total. B r it’n. <£e. Since Week. Sept. 1. 2,326 25,258 403 17 125 2,299 5,958 5,410 72 25 18,057" 1,227 10 3,141 ......... 22,932 386 125 3,659 ""*26 5,410 72 26 32,584 4,642 37,226 35 22,425 ..... 171 19.851 1,901 21,752 51 22,777 "**26 26 Tot. 1892-93 • 171 A considerable portion of the Sea Island cotton shipped to foreign ports goes via New York, and some small amounts via Great C onti Great Boston and Baltimore. Instead of including this cotton for Total. B rita in . nent. B rita in . Continent, Total. the week in which it leaves the Southern outports, we follow the same plan as in our regular table of including it when •Calcutta— 3,000 1893-94... 3,000 20,000 83.000 103.000 actually exported from New York, &c. The details of the 11,000 1892- 9 3 ... 43.000 54.000 shipments of Sea Island cotton for the week will be found Madras— 1893- 9 4 ... 21,000 14.000 35.000 under the head “ Shipping News,” on a subsequent page. ......... 1892-93... 10,000 6,000 16.000 Quotations July 13 at Savannah, for Floridas, common, A ll others— 13c.; medium fine, 15J^c.; choice, 17%c. 1893 9 4 ... 4.000 4 000 29.000 74.000 103.000 Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 to 1,000 1.000 1892- 9 3 ... 2,000 27.000 56.000 83,000 30c.; extra fine, 30 to 40c., all nominal. Total a ll— 1893- 9 4 ... T e x a s C o t t o n C r o p . —The Galveston D a ily News published 7.000 171.000 7.000 70.000 241.000 1892-93... 1,000 1.000 2.000 48.000 105.000 153.000 in its issue of July 7 the second of its crop reports for the The above totals for the week show that the movement from current season. Reports from every cotton-producing county the ports other than Bombay is 5,000 bales m ore than the same in Texas are included, and they represent the condition of week last year. For the whole of India', therefore, the total cotton about the first to third of July, the dates on which the shipments since September 1, 1893, and for the corresponding reports were made. The returns are summarized as follows t The returns are very full, coming from 399 points, representing 142 >$eriods of the two previous years, are as follows: S h ip m en ts fo r the week. Shipm ents since Sept, « E X PO R T S TO E U R O P E FR O M A L L IN D IA . ’S hip m en ts •So a ll E urope fr o m — 1893-94, T h is week. B om bay............ A ll other ports. T o ta l.......... 3.000 7.000 Since Sept. 1. 1892-93. T h is week. Since Sept. 1. 790.000 241.000 2,000 2,000 820,000 153,000 10.000 1,031,000 4,000 973,000 1891-92 T h is week. Since Sept. 1. 881,000 165,000 ...... 1,046,000 counties, and covering th e entire cotton-producing area of the State. These reports show th at the conditions could scarcely he Improved in any w a y ; they show that the fields are clean and the farmers in every section are well up w ith their work. The cotton plant is sm all and in a few localities a little late, but is healthy and vigorous, and present conditions point to a full yield. These indications, however, apply to the present alone, and in the absence of rain for ten days after the average date of the reports, which is July 3, all m ay be reversed, and probably w ill be so, as numerous correspondents state. Corn is already feeling ihe need of rain, and unless it comes soon the b iillian t pros pects of last month for the corn crop w ill never be realized, and th e yield w ill be very m aterially cut down. Cotton, however, has not yet, THE CHRONICLE. J ULY 14, 1894.1 E x c h a n g e s . —The following exchanges have been made during the week: •41 pd. to exch. 300 Aug. for Mch. •21 pd. to exch. 100 Aug. for Dec. •02 pd. to exch. 200 Aug. for Sept. •15 pd. to exch. 100 Aug. for. Nov. •20 pd. to exch. 200 Oct. for Jan. •22 pd. to exch. 500 Aug. for Deo. •23 pd. to exch. 500 Aug. for Dec. •29 pd. to exch. 500 Aug. for Jan. •09 pd. to excb. 100 Aiig. for Oct. •07 pd. to exch. 200 Oct. for Nov. •16 pd. to exch. 200 Aug. for Nov. •09 pd. to exch. 3,000 Aug. for Oct. •15 pd. to exch. 2.500 Aug. for Nov. 13 pd. to exch. 2,500 Sept, for Nov. •30 pd. to exch. 200 Aug. for Jan. •07 pd. to exch. 200 Sept, for Oct. •22 pd. to exch. 100 Aug. for Deo. •03 pd. to exch. 100 July for Aug. •23 pd. to exch. 500 Aug. for Deo. •30 pd. to exch. 1,"00 Aug. for Jan. •04 pd. to exch. 2,600 Aug. for Sep. ■24 pd. to exch. 1,400 Aug. for Deo. •25 pd. to exch. 3,000 Aug. for Deo, •10 pd. to exch. 100 Aug. for Oct. •23 pd. to exch. 800 Aug. for Dec. •20 pd. to exch. 100 Oct. for Jan. •09 pd. to exch. 500 Aug for Oct. •26 pd. to exch, 200 Ju ly for Dec. E u r o p e a n C o t t o n C o n s u m p t io n to J u l y 1 .— We have received to-day by cable Mr. Ellison’s cotton figures brought down to July 1. The revised totals for last year have also been received and we give them for comparison. Spinners’ takings in a c tu a l bales and pounds have been as follows: Great B rita in . October 1 to J u ly 1. F o r 1 8 9 3 -9 4 . Takings by sp in n ers.. .bales Average w eight of bales.lhs Continent. Total. 2,638,000 3,471,000 6,109,000 464 478 470*1 1,261,164,000 1,610,644,000 2,871,808,000 F o r 1 8 9 2 -9 3 . 2,143,000 3,147,000 5,290,000 Takings by spinners., .bales 494 466 Average w eight of bales.lbs. 477-5 Takings in pounds.................. 1,058,948.000 1.466.837.000 2,525,785,000 Oct. 1 to J u ly 1. Bales o f 400 lbs. each. 000s omitted. 1893-94. Total. Conti Total. nent. 258, 4,027, 326, 7,180, 114, 2,647. 451, 337, 3,667, 3,314, 4,285, 3,549, 7,506, 6,669, 2,761. 2,614, 736, • 837, 147. Great B rita in C onti n e n t. Spinners’ stock Oet. 1. 68, Takings to Ju ly 1....... 3,153, 8npply........................... 3,221, Oonsumpt’n 39 weeks. 3,120, Spinners’ stock Ju ly 1 Weekly Consum ption, 00s omitted. in October................ In N ovem b er.. . . . . . In D ecem b er........... In J a n u a ry .............. In F ebruary............. In M arch.................. In April..................... In May....................... In J u n e ......... ............ 1892-93. Great B ritain ; O CO |C i ! '-¿Tco according to the reports received, shown anv signs of needing m ois ture excep t in a few isolated cases. The h ot w eather has been beneficial in prom oting growth and destroying insects, and u nless the drouth continues far into July the yield of the staple will be a fu ll one. 79 101, 80,0 80,0 80,0 80,0 80,0 80,0 80,0 80,0 80,0 171,0 171,0 171,0 171,0 171,0 171,0 171,0 171,0 171,0 91,0 91,0 91,0 91,0 91,0 91,0 91,0 91,0 91.0 6,765, 6.046, 719, 572. 168,0 88,0 150,0 88,0 154,0 88,0 88,0 1 143,0 143,0 88,0 143,0 88,0 88,0 161,0 88,0 166,0 88.0 168,0 80,0 62,0 66,0 55,0 55,0 55,0 73,0 78,0 80,0 The foregoing shows that the weekly consumption in Europe is 171,000 bales of 400 pounds each, against 168,000 bales of like weights at the corresponding time last year. The total spinners’ stocks in G reit Britain and on the Continent have increased 81,000 bales daring the month, and are now 118,000 bales more than at the s a m s date last year. T h e A g r ic u l t u r a l D e p a r t m e n t ’s J u l y R e p o r t .— The following statement showing the condition of cotton was issued by the Department of Agriculture July 10 : The returns for o t t o n make the average condition 8 9 ’6 against 83'3 in June, showing an im provement in condioion of 1*3 points. The con dition in July, 1893, was 82*7. The averages by States are as fo llo w s: Virginia, 87; North Carolina, 9 1 ; South Carolina, 83; Georgia, 7 3 ; Florida, 93; Alabama, 37; Miss issippi, 83 ; Louisiana, 94; Texas, 9 9 ; Arkansas, 97; Tennessee, 73. The reports show slight general improvement of condition through out the cotton belt. In the five States Virginia. Alabama, Miss issippi, Louisiana and Tennessee there has been a decline while in the States of North Carolina, South Carolina, Georgia. Florida and Texas there has been an im provement in the condition of the orop. According to the above, the average weight of the deliveries in Great Britain is 478 pounds per bale this season, against 494 pounds during the same time last season. The Continent al deliveries average 464 pounds against 466 pounds last y ear, and for the whole of Europe the deliveries average 470*1 The June and July averages, compared with the June and pounds per bale against 477*5 pounds last season. Our dispatch also gives the full movement for this year and las t July figures of previous years, are as follows: year in bales of 400 pounds. 1892. 1890. 1889. 1891. 1894. 1893. Oct. 1 to J u ly 1. Bales o f 400 lbs. each, 000s omitted. Great Conti B ritain. nent. States. 1892-93. 1893-94. Total. Great Conti Total. B ritain. nent. Spinners’ sto o l O o t l Takings in O ctober... 68, 316, 258, 285, 326, 601, 114, 308, 337, 228, 451, 536, Total supply......... Consump. Oct., 4 wks 384, 320, 543, 364, 9(27, 684, 422, 320, 565, 352, 987, 672, Spinners’ stock Nov. I Takings in November. 64, 326, 179, 388, 243, 714, 102, 352, 213, 411, 315, 763, Total supply......... Consump. Nov., 4 wks. 390, 320, 567, 364, 957, 684, 454, 248, 624, 352, 1,078. 600, Spinners’ stock Deo. 1 Takings in December . 70, 403, 203, 545, 273, 948, 206, 323, 272, 514, 478, 837, Total supply......... Consump. Dec., 5 wks 473, 400, 748, 455, 1,221, 855, 529, 329, 786, 440, 1,315, 769, Spinners’ stock Jan. 1 Takings in January.. 73, 394, 293, 488, 366, 882, 200, 240, 346. 416, 546, 656,' Total supply......... Consump. Jan., 4 wks. 467, 320, 781, 364, 1,248, 684, 440, 220, 762, 352, 1,202, 572 Spinners’ stock Feb. 1 Takings in February. 147, 399, 417, 443, 564, 842, 220, 264, 410, 376, 6 Î0 , 640 Total supply......... Consump. Feb., 4 wks. 546, 320, 860, 364, 1,406, 684, 484, 220, 786, 352, Spinners’ stock Mch. 1 Takings in March....... 226, 387, 496, 454, 722, 841, 264, 299, Total supply......... Consump. Mar., 5 wks 613, 400, 950, 455, 1,563, 855, Spinners’ stock Apr. 1 Takings in April......... 213, 293, 495, 459, Total supply......... Consump. Apr., 4 wks. 506, 320, Spinners’ stock May 1 Takings in May........... No. Carolina So. Carolina G eorgia....... F lorid a ........ A labam a...T M ississippi.. L ouisiana... Texas............ A rk an sas... Tennessee... » a •'s a s « £ a S 84 Hi 76 92 88 91 95 94 97 78 91 83 88 88 78 87 93 98 87 1«2 88 86 94 87 99 82 97 89 73 92 jft a ’-s 81 83 86 96 80 80 84 84 80 85 88 91 87 89 91 91 82 81 75 90 91 94 88 86 90 85 84 87 77 87 « a s ?8s js 8S ai a 8S *5 g 8s 95 80 80 90 89 88 88 91 89 73 77 80 85 94 87 91 90 95 93 82 98 97 94 92 93 85 84 84 85 87 95 95 95 91 95 89 86 89 89 93 84 85 78 84 80 86 88 -90 83 87 85 91 90 92 95 90 92 83 79 82 a i s 1 The average given above for all the States is the average as given by the Department. T h e F o l l o w in g a r e t h e G r o s s R e c e i p t s o f C o t t o n at New York, Boston, Philadelphia and Baltim ore for th e past week, and since September 1,1893. NSW YORK. Receipts BOSTON. P h i l a d e l p h ’a B a l t im o r e . Since This Since This This Since This 8inee week. S e p t.l. week. S ep t.l. week. Sept. 1 . week. Sept. l . 6,625 2,796 909 1,270, 572, No. Carolina V irginia.... 10 1,004 59 95 386,757 221,996 239,357 102 20,119 70,217 18,843 101,324 434, 419, 698, 718. T e n n ., & c... 124 70,529 10,565 367 106 790 563, 275, 853, 440, 1,416, 715, Total........ 11,622 1,139.889 Last year.... 6.267 1,119,913 2,193 2,281 708, 752, 288, 232, 413, 384, 701, 616, 954, 361, 1,460, 684, 520, 292, 797, 352, 1,317, 644, 186, 320, 590, 515, 776, 835, 228, 297, 445, 489, 673, 786, Total supply......... Consump. May, 5 wks 506, 400, 1,105, 455, 1,611, 855, 525, 390, 934, 440, 1,459, 830, Spinners’ stock June 1 Takings in Ju n e......... 106, 315, 650, 450, 756, 765, 135, 332, 494, 430, 629, 762, Total supply......... Consump. June, 4 wks 421, 320, 1,100, 364, 1,521, 684, 467, 320, 924, 352, 1,391, 672, Spinners’ stock July 1 101, 736, 837, 147, 572, 719, a tj> Average .. 88-3 89-6 85-6 82-7 85-9 86-9 85-7 88-6 88-8 91-4 86-4 87-6 N. Orleans... Texas......... Savannah... The comparison with last year is made more striking by bringing together the above totals and adding the average weekly consumption up to this time for ths two years, £ a 8s •••••••• 367 11,695 425 83,532 1,487 103,859 923 3,310 9,739 67,675 209 60,309 524,734 1,290 92,449 2,121 252,700 580,235 1,146 94,585 2,454 235.396 1,170 67,926 • •••••••• M. 54,058 284,597 100,136 28,017 S h i p p i n g N e w s . —The exports of cotton from the United States the past week, as per la te st m a il returns, have reached 30,063 bales. So far as the Southern ports are concerne l , these are the same exports reported by telegraph and published in the C h r o n ic l e last Friday. W ith regard to New York we include the manifests of all vessels cleared up to Thursday. Total bales. Ne w Y ork —T o Liverpool, per steam er Bovic, 4 ,9 4 3 ....C ufio, 1.133 ..................... ......................................................................... 6,126 To Hull, per steam er Francisco, 3 ,3 7 2 ....................................... 3,372 To Havre, per steamer La Normandie, 85 .. .............. ......... 85 To Bremen, per steamers Saale, 647 ....^ itte k in d , 2 ,0 1 9 .... 2,666 To Hamburg, per steam er Amalfi, 352........................................ 352 To Antwerp, per steam er W esternland, 9 1 1 ................ ............ 911 To Gottenbarg, per steam er Virginia, 2 5 0 . . . . . . . . . . . ....... . • 250 To Lisbon, p -r steam er Vega, 1 5 0 ................ ........................... . 150 To Genoa, per steam er Italia, 3 0 0 . . . . . . . . . . ... . . . . . . . . . . . . 300 To Naples, per steam er Keoapriuz F ile 1rioh Wilhelm, 4 0 0 . 400 V w Orleans - C o Liverpool, per steam er William Ciiffe, 3,905 3,905 To Havre, per steam er Coneordia, 2,748............... .. ___ 2,748 To Barcelona, per steam ers Kaflir Friuoe, 1,450 ...P io IX ., 1,479 ........................................................................................ ........ 2,929 To Genoa, per steamer Kaffir Prince, 2 , 2 5 2 . . . . .................. . 2,252 THE CHRONICLE. 80 W ed ,, J u ly 1 1 . Total bales. N o r f o l k —T o H a m b u r g , p e r s t e a m e r S t a g , 5 0 . ........ . . . . N e w p o r t N e w s —T o L i v e r p o o l, p e r s t e a m e r S h e n a n d o a b , 4 4 5 . . B o s t o n —T o L i v e r p o o l, p e r s t e a m e r s C e p h a lo n ia , 2 7 1 . . . . C o l - umbian, 19 . . Michigan, 26 Sea Islan d ....O ttom an , 1 0 0 .. 50 445 28o Total................... ...... ......................... ...... .............. - ............- ........... 30,083 The particulars of these shipments, arranged in our usual form, are as follows: N ew York. N. Orleans. N orfolk .... N’p’t News Boston....... Baltimore.. Philadel’a.. ________ T o ta l. . . . V h n n .i J u ly 1 2 . F r l„ J u ly 1 3 . Open H igh Low. Olos. Open H igh Low. Oloe. Open H igh Low. 0 1 « , 4 d d. d. d. d. d. d. d. d. d. 4. 416 B a l t i m o r e —T o B r e m e n , p e r s t e a m e r S t u t t g a r t , 2 , 4 2 1 ................... P h il a d e l p h ia —T o L i v e r p o o l, p e r s t e a m e r S o u t h w a r k , 2 8 5 . . . . . [You LìX. Ant- L isbon B rem en werp <£ a n d Genoa L iver<£H am - Gotten- Baree- a n d pool. H ull. Havre. burg. burg. lona. Naples. Total. 150 700 14 612 85 3,018 1,161 6.126 3,372 2,929 2,252 11,834 2,748 ..... 3,905 50 __ ...... ...... 50 445 445 ...... ...... ...... 416 416 ...... ...... ...... 2,421 ...... ...... ...... 2,421 285 285 ......... ......... 11.177 3,372 2,833 5.489 1,161 3,079 2,952 30,063 J u ly - A u g ... A u g .-S e p t.. S e p t.-O o t... O ct.-N o v .... N o v .-D e e... D e c .-J a n .... J a n .- F e b .... F e b .- M c h .. M ch. -A pril. 3 53 3 53 354 3 55 3 53 3 57 3 58 3 59 3 61 3 62 3 51 3 54 3 55 3 56 3 57 3 68 3 59 3 60 3 62 3 63 3 53 3 53 3 54 3 55 3 56 3 57 3 58 3 59 3 61 3 62 3 54 3 54 3 55 3 56 3 57 3 58 3 69 3 60 3 62 3 63 3 54 3 54 3 55 3 56 3 57 3 58 3 59 3 60 3 62 3 63 3 55 3 55 3 56 3 57 3 58 3 59 3 60 3 61 3 62 4 00 3 54 354 3 65 3 56 3 57 3 58 3 59 3 60 3 62 3 63 3 55 3 55 3 56 3 57 3 58 3 59 3 60 3 61 3 62 4 00 3 55 3 55 3 56 3 57 3 53 3 59 3 59 3 60 3 62 3 63 3 55 3 55 3 66 3 67 3 58 3 59 3 60 3 61 3 62 40i 3 55 3 55 3 53 3 57 3 58 3 59 3 59 3 60 3 62 3 63 3 55 3 55 3 56 3 67 3 53 3 59 3 60 3 61 362 4 00 B R E A D S T U F F S . F riday, July 13, 1894, There was hardly a market for wheat flour until WednesBelow we add the clearances this week of vessels carrying day, when a moderate business was done both for local and cotton from United States ports, bringing our data down tc foreign account at fairly steady prices, stimulated by the the latest dates: „ | „, N ew Orleans—To Liverpool—Ju ly 11—Steamer Inventor, 3,464....... bullish tenor of the Government agricultural report; but Ju ly 1 2 -8 tea m er Professor, 2,300. yesterday the market again relapsed into dulnes3. Rye flour To Bremen—July 11 - Steamer Broomhaugh, 1,960. h a .a been in light supply and well maintained in price. Corn To Hamburg - July 7 - Steamer Valesla, 650. Norfolk—To Liverpool—Ju ly 11—Steamer Leonora, 854. Boston—To L iv erp ool-Ju ly 6—Steamer Catalonia, 2 6 8 ....... J u ly 7 - meal has moved slowly, but values have held steady. To Steamer Kansas, 1 __ J u ly 10 -Steam er Philadelphian, 4 5 . day the market for wheat flour was dull and unchanged. Baltimore—To Liverpool—June 28—Steamer Montezuma, 32. The speculative dealings in the market for wheat futures To Antwerp—Ju ly 3—Steamer Norse K ing, 299. have continued spiritless and no radical changes have occurred Cotton freights the past week have been as follows: in values. Early in the week prices made fractional gains on some buying by shorts to cover contracts, stimulated by re Fri. T u ts. W tdnes. TKurs. S a tu r. M on. ports of unfavorable weather in the United Kingdom and 564 e84 564 564 L iv er p o o l, stea m .d 364 B64 stronger foreign advices. During early’Change on Wednesday .... % *8 % .... $9 M anches’r, s’t ’m .d. the market further advanced on the bullish interpretation of 25t 25t 251 25t 25t 22t H a v re, ste a m ...d . thè Government report, but subsequently realizing sales by ..... .... : .... .... .... Do la te r .___ d. “ longs” caused what improvement there was to ba lost. In 27%t 27%t 27%t 27%t 27%t B rem en , ste a m , .d. 27%t the spot market shippers have been fairly active buyers at firm : .... .... .... .... .... .... Do l a t e r ... d. prices. Their purchases for the week amount to about 750,000 % % % % bushels. The sales yesterday included No. 2 red winter at % H am bu rg, stea m d . •*8 .... .... .... .... .... % c. under September f.o.b. afloat, No, 2 red Toledo and No. 2 .... Do la ter..d . 251 25t 25t 25t 251 r e i Detroit at l% ^ l ^ c . under September delivered. To-day A m s’dam , steam .c. 25t .... .... .... .... the market was a trifle steadier during early ’Change on un .... .... Do la te r , .e. favorable crop accounts from the Northwest and reports of ^ 64 n 64 Ü64 B e v a l, v ia H u ll.d . U 64 “ 64 1164 unsettled weather abroad, bat later weakened in response to S16 D o v . H am b d. 316 316 3ie 316 S16 easier foreign advices and under predictions of a free move 816 S16 s16 B ’lo n a , d ir e c t ...d . 816 316 S16 ment of the new crop. The spot market was moderately active 532 G en oa, s t e a m ...d . 532 532 532 b32 532 and steady. The sales included No. 2 red winter at about 316 T r ie ste, v .G en oa,d . 316 3ie 316 316 3ie %c. under September f.o.b. afloat and No. 2 red Toledo on Antwerp, steam . d. 382 332 332 •*83 3S2 3S2 private terms. t Cents n et per 100 lbs. DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT. Liverpool.—By cable from Liverpool we have the following -o+omoTif /vF firn vxroalr’a astiaci aln/Vlra fire*. iti. I,listi DOrt! J u n e 22. J u n e 29. Bales of the w e e k ........b a le s . Of which exporters took . . . Of which speculators took .. Sales A m erican........................... Actual exp ort.......................... . Forwarded................................... Total stock—E stim ated............ Of whioh American—Estlm ’d Total im port o f the w eek ......... Of which A m erica n ............ Amount afloat..................... Of w hich Am erican................ J u ly 6. J u ly 13. 50.000 48.000 57.000 54.000 2,300 1,800 1,200 2,000 200 800 400 300 45.000 41.000 47.000 45.000 11.000 10.000 10.000 5,000 54.000 64.000 57.000 58.000 1.471.000 1.429.000 1.373.000 1.331.000 1.241.000 1.203.000 1.159.000 1.125.000 22.000 19.000 26.000 , 24,000 17.000 12.000 12.000 18,000 36.000 35.000 35.000 37.000 25.000 22.000 25.000 26.000 The tone of the Liverpool market for spots and futures ea< h day of the week ending July 13, and the daily closing prices of spot cotton, have been as follows:_____________________ Tuesday. Wednes. Thursday. Spot. Market, 1:45 F. M. I n b uyer*' In b u y e rs ’ M o d e ra te dem and. f a v o r. favor. E a sie r. Q u iet b u t ste a d y . M id .U p rd s. 31516 315ie 31516 B a le s. . . . . . . Spec. & exp, 7,000 700 8,000 500 8,000 500 F utures. Market, 1:45 p. J 6,000 8,000 500 500 Q u iet. Market, rket, ? D u ll b u t P. M. J s te a d y . 4 F. Q u ie t a t 2-64 d e c lin e . B are ly steady. S te a d ; at S te a d y a t S te a d y a t p a rtia lly p a rtia lly 1-64 @ 2-64 Ì-64 dee. 1-64 dec. a d v a n c e . S te a d y . S te a d y . S te a d y . Steady. The opening, highest, lowest and closing prices of future® at Liverpool for each day are given below. Prices are on the basis of Uplands, Low Middling clause, unless otherw se stated: __________ . S a t., J u ly 7 . ¡lion., J u ly 9 . T u ea., J u ly 1 0 Open H igh Low. Oloe. Open H igh Low. Olos. Open H ig h Low. Oi>»* d. d. d. 4. d. 4. d. d. d. d. d. J u ly -A u g ... A u g .-S e p t.. S e p t.-O o t... O e t.-N o v .... N o v .-D e e ... D e c .-J a n .... J a n .-F e b .. . F eb .-M ch .. M ch--A pril. 3 56 3 56 3 58 3 59 36i 3 61 3 62 3 63 4 00 4 02 3 57 3 57 3 58 3 59 3 60 3 61 3 62 3 63 4 01 4 02 3 56 3 56 3 58 3 59 3 60 3 61 3 62 3 63 4 00 4 02 3 57 3 56 3 58 3 59 3 60 3 61 3 62 3 63 4 01 4 02 3 55 3 55 3 56 3 57 3 58 3 59 3 60 3 61 3 63 4 00 3 65 3 55 3 57 3 58 3 59 3 60 3 61 3 62 3 63 4 01 3 54 3 51 3 56 3 57 3 58 3 69 3 60 3 61 3 62 4 00 3 54 3 54 3 56 3 67 3 58 3 59 3 60 3 61 3 63 4 00 354 3 54 3 56 3 57 3 58 3 59 3 60 3 61 3 62 4 00 3 55 3 55 3 56 3 57 3 58 3 59 3 60 3 61 3 63 4 00 3 54 3 54 3 56 3 57 3 58 3 59 3 60 3 61 3 62 4 00 3 55 3 55 3 56 357 3 58 3 59 3 60 3 61 3 63 4 00 F ri. Wed. Thurs. Tues. Mon. Sat. 59% 59% 60 59ia 59% July delivery.................«o. 59% 59% 603s 60 60% 6078 August delivery............ .o. 60% 6138 6158 621« 6118 62 September delivery....... o. 613s 64% 65 65% 6558 655s December d e liv ery ..—.o. 65 A tr ifle m o r e in te r e st h a s b e e n s h o w n in t h e m a r k e t fo r I n d ia n c o r n fu tu r e s a n d p r ic e s h a v e s t e a d ily a d v a n c e d o n m o d e r a te b u y in g , stim u la te d b y th e s m a ll m o v e m e n t o f th e cro p , th o u g h t h is h a s b e e n c a u se d to so m e e x t e n t b y t h e r a il ro a d tr o u b le s a t t h e W e s t a n d rep o rts o f a n u n fa v o r a b le c o n d itio n o f t h e g r o w in g cro p , d u e t o t h e la c k o f m o is tu r e . I n t h e sp o t m a r k e t p r ic e s h a v e a d v a n c e d s h a r p ly , a n d th is h a s h a d a t e n d e n c y to c h e c k b u sin e s s. S h ip p e r s, n e v e r th e le s s , h a v e b e e n m o d e r a te b u y e r s. Y e s te r d a y t h e s a le s in c lu d e d N o . 2 m ix e d a t 47% c. in sto r e , 4 8 ^ § 4 8 ^ c . d e liv e r e d a n d 49J^c. f. o. b. a flo a t. T h e m a r k e t w a s h ig h e r e a r ly i n th e d a y , b u t la te r d e c lin e d u n d e r r ep o rts o f t h e f a ll o f n e e d e d r a in s a t th e W e s t. T h e s p o t m a r k e t w a s fir m b u t q u ie t. T h e sa le s in c lu d e d N o . 2 m ix e d a t 4 7 ^ c . in sto r e a n d 48@ 483^c. d e liv e r e d . DAILY CLOSING PRICES OF NO. 2 MIXED CORN. Wed. Thurs. F ri. Tues. Sat. Mon. 47% 46% 47% 46 46ie July delivery................... o. 45% 475a 47% 47 47 47% August delivery..........o 46% 47% 47% 47 47^8 September d elivery.. . . . c. 46 % 47%, 44% .... 44% 44% December delivery........c............ O ats fo r f u t u r e d e liv e r y h a v e b een q u ie t, b u t p r ic e s h a v e a d v a n c e d o w in g to t h e s m a ll m o v e m e n t o f t h e cro p a n d in s y m p a t h y w it h t h e r ise in c o rn . B u s in e s s o n th e sp o t h a s b een q u ie t, a n a d v a n c e in p rices h a v in g c h e c k e d tr a d e . Y e s te r d a y ’s tr a n sa c tio n s in c lu d e d N o . 2 m ix e d a t 52c. in e le v a to r a n d N o . 2 w h it e a t 52c. i n e le v a to r . T o -d a y t h e m a r k e t w a s w e a k e r fo r t h e c u r r e n t m o n th in a n tic ip a tio n o f a n in c r e a s e d m o v e m e n t o f t h e crop f r o m th e W e s t; o th e r m o n th s w e r e firm er . T h e sp o t m a r k e t w a s q u ie t a n d u n c h a n g e d . T h e sa le s i n c lu d e d N o . 2 m ix e d a t 52c. i n e le v a to r a n d N o . 2 w h ite a t 5 2 c, in e le v a to r . d I il y closing prices of no . 2 MIXED OATS. F ri. Tues. Wed. Thurs. Mon. Sat. 44 46 % 45 46% 46% Ju ly delivery_______ ..c,0.. 46 34% 34% 34% 34% 34% August d elivery.. .. . . . o,0.. 34 33 32% 32% 32% 32% 0. 32% September d elivery---- o. 33% 32% 33% 32% 32% October delivery...........e . 32% T h e f o llo w in g a re c lo s in g q u o ta tio n s: FLOUR. Pine ...... sa bbl. $1 75® $1 95 Patent, w in ter........... $2 90® $3 30 Superfine..................... 1 85® 2 15 City mills e x t r a s ..... 34 5 Extra, No. 2 ............... 2 00® 2 25 Rye flour, superfine.. 2 70® 3 10 Extra, No. 1 . .............. 2 20® 2 50 Buck wheat flour......................® . . . . Clears.......................... 2 30® 2 65 Corn m eal— S traights..................... 2 65® 3 55 Western, &o............ 2 50® 2 60 I Patent, spring. ......... 3 50® 4 25 B r a n d y w in e........... 2 80 ' [Wheat flour in sacks sells at prioes below those for barrels.] e. Corn, per bush— 0. 0. Wheat— West’n m ix ed ..— . 46 67 Spring, per b u sh .. 53 No. 2 m ixed....... . 47 B ed winter No. 2 .. 591c® 60ifl W estern y e llo w ... 47 61 52 47 Western White— 61 53 R ye— 53 Oats—Mixed,per bu. 52 Western, per bush. 56 59 51 State and J ersey.. 52 53 52 Barley—No.2 West’n .... 53 52 State 2-rowed........ .... State 6-row ed.— E x p o r t s o f B r e a d s t u f f s f o r J u n e , 1894. — The .... 0 . ■» 49 48 'CD 49 TD 49 TD 57 'CD 58 ® .... ® .... follow ing, made up from the statement issued by the Bureau of Statistics, shows the exports of domestic breadstuffs from the under-mentioned Customs districts of the United States for the month of June, 1894 and 1893, and for the twelve months ending June 30, 1894.___________________________________ _ 1893-4. Breadstuff» Exports. Twelve Months. 1893. 1894. Quantities Qu'nt/ities Value, Quantities Value, Bariev, bush. B a ltim o re ............ B o s to n ..... . . . . . . N ew O rle a n s ....... N ew Y o rk ......... P h ila d e lp h ia ....... P a c . c n s t. d is ts .. O th e r cu s. d is ts .. 7,184 T o ta l, b a r l e y ..... 7,124 B a ltim o re ............ B o s to n .................. N ew O rle a n s ....... N ew F o r k ............ P h ila d e lp h ia ....... P a e . o u s t, d is ts .. O th e r c n s . d is ts .. 197,984 55ä,392 47,072 1,399,873 149,821 538 381,504 Corn, bush. 20,654 14.039 81,035 3,512 459,490 213,824 4,853,226 6,325 3,512 480,144 227,863 4,740,586 358,497 10,343,329 714,133 89,893 182.944 6.937.091 384,223 252,527 7,968,460 110,222 196,416 26,735 447,383 16,424,949 823,899 656,722 145,306 4.504.091 290,372 67,925 250,310 21,307 14,878 188 167,507 2,314,539 1,052,941 16,997,425 J The condition of winter rye as stated July 1 st w as 93-9, of spring rye 81-7 and of all rye 87. Ju ly 1st, 1893, the conditions were, w inter rye, 83 -8, spring 89, and all rye, 85-3. Condition has fallen 6 points since June 1st. . , „ _ . , _ . . _ .__t The av erag e condition of barley has declined about 6 points sinoe 48,487 last report, standing July 1st at 76*8. Last year at the sam e date the 2,127,783 condition was 88 *8. 6,414 E x p o r t s o f B r e a d s t u f f s , P r o v is io n s , _ C o tto n a n d 2,182,684 P e t r o l e u m . —The exports of these articles during the month 4,658,230 3,148,954 3,817,933 8,027,164 2,079,991 - 160,924 7,418,527 2,732,244 1,260,497 4,744,889 2,312,171 63,425,655 29,311,723 Oorn-meal, bbls. 21,083 4,848 57,194 1,699 5,214 1,934 B a ltim o re .......... 50,996 110,206 6,092 2,554 3,380 1,644 B o s to n ................ 864 2,197 28 10 121 40 N ew O r le a n s .... 193,698 46,940 545,344 16,418 66,043 23,670 N ew Y o rk .......... 1,020 2,743 P h ila d e lp h ia .... 656 1,413 P a e . c o s t, d ists. 20,798 3,369 47,463 1,606 2,296 1,017 O th e r c n s. d is ts .. 289,115 766,560 61,777 22,287 77,054 28,311 T o ta l, co rn -m e a l Oats, bush. 477,746 1,444 45,223 1,474 44,461 1,361,081 3,047 121,753 3,157,849 103,569 258,327 665,726 720,437 280,692 5,671,352 1,995,441 2,350 249,600 645 464,002 385,328 71 7,044 13,303 13,954 1,680 84 1,633,560 4,121,880 7,549 1,680,109 2,166,792 19,500 83,016 2,323 23,038 1,103,605 34,484 9,712,406 238,279 44,747 27,421 45,571 24,135 95,451 59,875 37 58,941 26 34,014 62,801 5,998 61 116,405 38,773 3,434 35 60,106 417 17 17,711 ' " ”239 8 7,520 19,070 190 232 553,156 7,930 91 85 226,651 ' 21,467 2,001 7,685 769 2,883 144,906 T o ta l, o a t s ......... 41,603 16,221 B a ltim o re .......... B o s to n ................. N ew O r le a n s .... N ew Y o rk ........... P h ila d e lp h ia .... P a c . c u s t. d is ts . O oher cu s .d is ts . 146,760 840,UOO 450 92.000 60.000 500 2,830 4,403 14,850 25 2,482 1,200 14 64 i o ta l, o a tm e a l. 1,142,540 Oatmeal, lbs. Bye, bush. B a ltim o re .......... B o s to n ................ N ew O rle a n s . .. N ew Y o rk ........... P h ila d e lp h ia .... P a c . c u s t. d is ts . O th e r c u s .d is ts . T o ta l, r y e ........... Wheat, bush. B a l tim o r e .... .. B o s to n ................. N ew O r le a n s .... N ew Y o rk ........... P h ila d e lp h ia .... P a c . c u s t. d is ts . O th e r c u s .d is ts . T o ta l, w h e a t....... Wheat-flour, bbls B a ltim o re ............ B o s to n .................. N ew O rle a n s ....... N ew Y o rk ......... P h ila d e lp h ia ....... P a c . c u s t. d is ts .. O th e r c u s .d is ts .. T o t.,w h ea trflo u r. Totals. Baltimore.......... B o s to n .................. N ew O rle a n s . . . . N ew Y o rk ............ Philadelphia...... P a c . c u s t. d is ts .. O th e r c u s .d is ts .. 178 28 233,272 1,149,516 653,548 140,266 33,848 8,826 499,700 2,050,552 403,379 83,229 347,511 93,217 649,870 155,572 3,362,951 15,568,073 1,868,973 8,214,566 421,743 112,654 6,944,500 26,819,740 1,291,032 6,159,525 1.362.440 4,221,624 6,626,992 1.594.441 1,194,958 4,402,853 1,214,082 5,293,224 16,536,991 68,032,263 1,137,640 1,165,008 82,272 3,895,031 475,518 249,075 962,276 ,066,034 ,236,251 811,683 ,221,021 ,121,577 ,220,081 ,761,077 369,010 321,378 346,895 595,077 083,683 646,583 415,104 161,777,73 16,437,724 7,966,820 (¿ ran d t o t a l .. ♦ V a lu e ol e x p o rts fro m P acific d is tr ic ts f o r t h e m o n th o f J u n e , 1894 : Ban F ra n c isc o , C a lifo rn ia ....................................... ...................... — .................. ^ - s ’SSa P u g e t B o u n d ,W a s h in g to n .............................................................................. ••• 07,320 W illa m e tte , O reg o n ...................................................... ..................... .................... _ _ _ _ _ _ T o t a l ........................................................................................................ ............ $249,075 tV a l u e o f e x p o rts fro m o th e r c u s to m s d is tr ic ts f o r t h e m o n th o f J u n e , 1894: $6,284 S u p e rio r, M ic h .......................... $281,493 R ic h m o n d , V a .............. 5,730 N e w p o rt N ew s, V a .................... 222,518 Ö sw eg a tch te , N . Y ........ 5,113 C h ic ag o , 111.................................. 125.861 tsrazo», T e x a s ................ 3.108 D u lu tn , M in n .............................. 99,675 C orpus C h ris ti, T e x a s . 2,140 D e tro it, M ichigan ..................... 86,490 S a lu ria , T e x a s ......... ... 1,389 M iam i, O h i o .............................. 55,i 00 1P a s o d e l N o rte , T e x a s . H u ro n , M ich ig an ....................... 47,685 G a lv e s to n , T e x a s ..................... I9,0o0 | T o ta l,,......................................... $962,276 N o r a .—T h is s ta t e m e n t in c lu d e s a b o u t 88 p e r c e n t o f t h e e n t ir e e x p o r ts o f t h e a r tic le s n a m e d tro m a ll p o rts o f t n e c o u n try . A g r ic u l t u r a l D e p a r t m e n t ’s R e p o r t o n C e r e a l C r o p s J u l y 1.—Tiie Agricultural Department issued on the 10th inst. its report on the cereal crops for the month of June, as follows : The July returns to the Statistician of the D epartm ent of A gricul ture m ake the follow ing averages of conditioa: Cora, 95; wiuter w heat, 83'9; spring wheat, 68*4; all wheat, 7*rd; oats, 77 ‘7; w in tir rye, 9 3 ‘9; spring rye, 81*7; all rye, 87; b an ey, 7 6 ‘8; rioe, 9 1 -1; potatoes, 2'3 tobacco, 81. of June, and the twelve months, for the past three years have been as follows : W h e a t....h u . C o m ...b u s h . V alues. W h ’t & flour. C o m & m e a l. B r ’d stu ffs.. P ro v isio n s *. C o tto n ........... P e tr o l’m ,& c. June. 12 Months. June. 12 Months. 3,450,012 87,958,280 10,622,683 117,104,075 9,265,085 152,803,086 1,194,958 16,536,991 1,214,082 16,331,033 1,211,041 14,760,459 8,827,323 162,374,739 16,086,052 190,593,723 14,718,819 219,225,151 2,732,244 63,425,655 4,744,889 44,851,447 3,016,865 73,770,003 W h e a t.b u s h . F lo u r .. .b b ls. T o t. h u s h .. 12 Months. June. Quantities. 1891-92. 1892-93. 1893-94. Exports from O. S. O ats & m e a l. B a rle y ........... 126,483 230,836 199,176 121,336 92 178 517,751 11,275,247 7,534,176 721,242 168,708 280,048 523,030 38 L,532 4,113,824 2,763,861 109,969 184,112 667,472 6,88 ,547 5,059,416 791,062 26,500 44,<)00 1,911,900 1,238,928 5,548,051 4,362,278 30,604,256 21,951,302 553,938 4,027,426 2,734,209 754,893 189,745 294,800 642,368 24,862,705 15,047,711 872,995 47,405 88,924 975,838 6,193,275 4,033,622 402,298 1,411,410 640,228 3,450,012 2,183,553 10,622,683 8,106,177 87,958,280 59,124,2¿7 869,422 230,341 784,043 190,275 29,883 8,823 526,774 1,923,244 63,194 216,648 63,535 190,271 389,342 112,016 ¡»The prelim inary acreage of corn as reported by correspondents show 106 per cent as compared with the acreage of 1893, being an in crease in round numbers of 4,000,000 acres, or 76,009,000 acres, against 72,000,000 last year. The averages of the principal States a r e : Ohio, 101: Michigan, 102; Indiana, 103; Illinois, 104; Wisconsin, 102; Minne sota, 116; Iowa, 108; Missouri, 109; Kansas, 110; Nebraska, 118; Tennessee, 104; Texas. 105; Kentucky, 102. The average condition of corn is 95; against 93 2 last JUly. The averages in the principal States are: Ohio, 92; Indiana, 96; ILlinois, 9 4, Iow a, 10J; Missouri, 101; K ansas, 96; Nebraska, 96; Texas, 94; K entucky, 90; Tennessee, 89; . _ Michigan, 93. , __ _ The condition of winter w heat is 83 -9 against 83'2 in June and 17'1 last July. • . The percentage of the principal States are as fo llo w s: New York, 97; Pennsylvania, 98; Kentucky, 88; Ohio, 96; Michigan, 92; Indiana, 95; ILlinois, 94, Missouri, 91; K ansas, 56; California, 51; Oregon, 97; W ashington. 97. , ' . A , . The condition of spring wheat is 68'4 against 88 in June and 7 4 -l in July, 1893. The fall since last report is nearLy 20 points. State averages are: Minnesota, 74, Wisconsin, 95; Iowa, 78; Kansas, 69; Ne braska, 40; South. Dakota, 44; North Dafcota, 63; Washington, 85; Oregon, 98. The average condition of both winter and spring wheat or all w heat for the country is 79*3 per cent. . . . . The condition of oats has declined a little over 9 points since June report, being 77*7 against 87-0 last month and 88'8 for the month of Value, T o ta l, c o r n ... B a ltim o re .......... B o s to n .............. New O r le a n s ... N ew Y o rk ......... . P h ila d e lp h ia ... P a c . o u st. dists. O th e r cu s. d is ts .. 81 THE CHRONICLE. J uly 14, 1894.] 11,559,567 225,800,394 20,830,941 235,445,170 17,735,684 292,995,153 $ $ $ $ $ $ 6,686,406 127,156,560 13,399,401 167,539,921 14,204,955 230,137,795 1,337,551 30,078,283 2,373,948 24,805,386 1,764,418 41,537,039 348,102 11,264,693 121,336 1,002,793 126,483 92 102,413 4,234,216 315,176 1,094,951 39,259 2,233,720 29,089 1,751,257 227,863 1,468,564 3,512 2,182,684 7,966,820 161,777,730 16,437,724 195,911,615 16,448,977 288,925,000 17,382,843 174,131,614 14,219,681 161,785,974 15,079,474 162,987,284 5,199,161 210,599,645 6,859,891 188,727,595 7,790,988 256,910,425 3,631,415 40,697,785 3,939,182 41,540,778 3,472,761 44,191,001 34,180,239 587,206,774 41,456,478 587,965,962 42,792.200 753.013,710 T o t. v a lu e . * In c lu d in g c a ttle a n d ho g s in a ll m o n th s a n d y e a rs. N ote .—All the above figures are based on the m onthly prelim inary returns issued by the Bureau of Statistics, and cover about 98 per cent of tbe total exports of breadstuffs, oil and provisions, au d n early 100 per cent of cotton. duM a The movement of breadstuffs to market is indicated in tne statement below is prepared by us from the figures of the New York Produce Exchange. We first give the receipts at Western lake and river ports, arranged so as to present the comparative movement for the week ending July 7, 1894^ and since August 1, for each of the last three years: Receipts at— Rye. Barley. Oats. C om . Wheat. F lo u r. Bbls.WSlbs Bush.QO lbs Bush.56 lbs Bush.SH lbs Bush.48 lbs Bu.56 lbs. C hicago......... M ilw aukee... D u lu th ......... M inneapolis. T o le d o ....... D e tro it.......... C le v e la n d .... i t . L o u is....... P eoria........... K ansas C ity. 8,107 15,770 79,331 1,058 600 5,390 6,685 2,250 201,190 3,250 14,462 9,538 183,960 341,220 133,800 49,626 76,697 142,945 10.200 6,666 2.930 4,500 2,478 1,814 178,960 183,350 3,716 187,995 118,000 13,436 700 32,000 3,250 3,146 300 15,238 34,678 69,825 110,000 400 •• ... 600 8,400 157 1,200 8,353 41,500 549,552 585,188 969,111 119,191 T o t.w k , ’94, 16,225 24,899 201,957 2,498,513 2,650,509 1,796,630 Same w k ,’93. 53,842 128,122 298.182 2,999,290 1,626.632 2,748,999 Same w k ,’92. Tines Aug. 1. 3,358,098 28,388,330 114,754,774 145,461,146 1893-94....... 13,002,483 148,724,749 1892-93....... 12,640,419 233,420,937 121,657,025 113,091,869 23,333,427 7,103,490 1891-92....... 12,579,171 218,968.595 120,655,939 104,433.365 31,429,784 14.443,540 The receipts of flour and grain at the seaboard ports for the week ended July 7, 1894, follow: Flour, Receipts at— bbls. New Y o rk ........ . 117,410 B o sto n ........................ 55,8')6 M o n trea l.. ................ 10,087 P h ila d e lp h ia ............ 44,182 B altim o re................... 37,017 R ic h m o n d ................ 2,374 N ew O rlean s ........... 8,600 Wheat, bush. Barley, bush. 36,681 240,531 8,828 4,047 2,400 666,200 311, u42 767,943 789.189 T o ta l w e e k ......... 275,478 1,287,329 W e ek 1893................. 438,528 3,059,129 1,212,006 1,037,185 Rye, bush. 25,550 1,225 430 ""9 6 0 28,155 16,244 The total receipts at ports named in last table from Jan. 1 to July 7 compare as follows for four years: 1894. Receipts of— F lo u r..................... b bls, 10,347,606 1893. 9,390,799 1892. 9,476,483 1891. 7,993,600 W h e a t................b u s h . 15,873,193 C o r n ............................... 32,625,069 O a t s ............................... 18.390.581 B a r le y ............................ 1,781, lo4 R y e . . . . 1*3,838 38 900,895 26.3S0.9l0 23.305.548 2,652,646 716,038 50,524,623 61,915.248 27,1 5.515 3,005.165 2,580,801 20,428.940 21,277,569 17,425,584 1,817,776 331,831 68,813,785 91,956,067 145,162,355 «1,271,700 T o ta l g ra in 82 THE CHRONICLE. [V ol. L1X The exports from the several seaboard ports for the week packages, valued at i.284,843, their destination being to the ending July 7, 1894, are shown in the annexed statement: points specified in th-* tab j el >w Wheat. bush. Exports from— N ew Y o rk ............ .. 462,768 .. 208,506 .. 68,000 N ew O rle a n s ....... .. 16,000 Com. bush. 254,433 6.J50 26,979 5,430 Flour. bbls. 85,540 20,436 22Ì857 21.Í38 1,051 20,275 Oats. bush. 2,048 Bye. bush. 292,992 574,191 216.821 270.993 892 1,509 3,557 285,338 17,160 ............ 55.806 38,580 The destination of these exports for the week and since Sept. 1,1893, is as below. We add the totals for the corres ponding periods of last year for comparison: .Exports for week and since Sept. 1 to— --------- Flour.--------- , ---------Wheat.---------« ----------Com.-----*— « Week Since Sept. July 7. 1,1893. Ibis. bbls. U n ite d K ingdom 170123 C o n tin e n t............ 5,091 8. & C. A m erica.. 9.204 W e s t In d ie s ........ 27,773 B r it. N . A. Col’s.3,428 O th e r c o u n trie s .. 1,202 7,336,328 1,829,881 1,316,383 1,183,095 373,641 37,562 New Y ork to J uly Week Since Sept. July 7. 1.1893. bush. bush. 654,374 24,524,725 249,967 20,204,943 ............. 27,279 ............. 30,180 Week Since Sept. July 7. 1,1893. bush. bush. «0,974 27,803,024 175,349 20,947.904 6.597 141.479 35,092 743,008 6,000 141,756 ............. 112,288 1894. 1893. Week. Since J a n . 1 . Week. Since J a n . 1 . 10. 54,414 N o rfo lk ............. P o r tla n d ............................................................................................. ......................... T o ta l w e e k ......... .. 904.341 S am e tim e 1893... ..2,690,667 Peas. bush. Great B ritain.......................... Other E uropean..................... C hina...................................... India.......................................... Arabia...................................... A frica........................................ West In d ies................ ............ M e x ic o ........................................... Central America..................... S juth A m e r ic a ..................... Other countries...................... T otal................................... China, v ia V ancouver*.... 24 67 3 ,2 0 0 1 ,5 5 0 515 226 12 29 761 7 6 ,3 9 1 3 ,2 3 7 1 ,9 7 9 4 6 ,2 7 2 4 ,5 7 9 1 3 ,1 8 3 4 ,4 7 3 1 0 ,1 1 8 987 3 ,7 9 4 2 2 ,6 1 8 1 ,7 7 9 86 17 66 445 10 263 40 95 1 ,1 3 7 46 2 ,1 1 9 821 1 6 .5 0 4 2 ,2 5 6 5 ,1 4 3 5 ,8 2 1 1 0 ,3 1 0 1 ,1 7 7 21554 2 6 ,1 0 7 1 ,3 8 3 1 1 3 ,0 1 9 1 0 ,7 8 8 2 ,2 0 5 7 4 ,1 9 5 1 4 ,0 4 5 Total................................... 6 ,3 9 1 1 2 3 ,8 0 7 * From New England m ill p oin ts direct 2 ,2 0 5 8 8 ,2 4 0 The value of the New York exports since Jan. 1 has been $6,082,700 in 1894 against $4.899,225 in 1893. T o t a l .................. 216,821 11,607,590 Business in staple cottons on home account has been mo 904,341 44,942,281 292,992 49.390.359 T o ta l 1892-93....... 270,992 12,052,026 2,690,667 78,876,780 571,491 31,815,069 notonously dull, but some fair sales of brown sheetings and The visible supply of grain, comprising the stocks in granary colored goods have been effected for export at irregular prices. at the principal points of accumulation at lake and seaboard There has been a limited inquiry from converters for heavy ports, July 7,1894, was as follows: makes of brown cottons, and some manufacturers have taken Wheat, Corn, Barley oddparcelsof no material volume of denims. In other respects Oats, Bye, I n store at— bush. bush. bush. bush. bush. the business transacted has been small throughout in tnese N ew Y o rk ..................... 8.771.000 943.000 592,000 17.000 Do a flo a t........... 332,000 208.000 70.000 lines. Bleached shirtings are still quite inactive under A lb a n y .......................... 63.000 1,000 40.000 and in all grades sales are B u ffa lo .......................... 1.249.000 289,000 36.000 14,000 deferred price revisions, 23.000 Do a flo a t......... small. Wide sheetings are inactive at previous prices. C h ic a g o ........................ 17,699,000 1,735,000 6,000 95,000 124,000 Cotton flannels and blankets dull. Kid-finished cam Do a f l o a t......... M ilw a u k e e ................... , 968,000 2,000 2,000 1,000 brics and other linings slow, without change in prices. W hite goods dull and irregular. Sales of dark 4,726,000 27,000 Do a f l o a t......... fancy prints were on a reduced scale but at steady T o le d o ............................ 2.123.000 51,000 3,000 D e t r o i t .......................... 1.080.000 1,000 2,000 prices, with little demand for light work. Ocher regular 15,000 O sw ego.......................... 145,000 8,000 prints inactive. There is no change in ginghams, the demand S t. L o u is ....................... 2,355,000 70,000 1,000 7,000 Do a flo a t........... continuing very moderate throughout from dress styles to 1,000 2,000 staples. Print cloths at the close of the week have sold at 1 9 /0 0 1,000 B o s to n ........................... 328.000 46,000 4.000 T o r o n t o ........................ 102.000 49,000 2%c. for extras, but there are not many sellers willing to 62,000 M o n tre a l......... ............. 598.000 1,000 8,000 meet the demand thereat. 26,000 P h ila d e lp h ia ................ 232.000 68,000 196,000 97.000 Ì55,154 101,000 5,000 P e o r ia ............................ 84.000 I n d ia n a p o lis ................ K a n s a s C itv ................. 230.000 B a ltim o re ..................... 541.000 M in n eap o lis................. 8,907,000 S t. P a u l ......................... O n M ississippi R iv e r. 40.000 O n L a k e s ...................... 1,826,000 O n ca n a l a n d r i v e r ... 1,712,000 781,000 747,000 15,000 526,000 405,000 ‘i?,ooó T o ta l J u ly 7,1894.54,115,000 T o ta l J u n e 3 0 ,1894.f 4.657,000 T o ta l J u ly 8, 1893.61.820,000 T o ta l J u ly 9,1892.23,124,090 T o ta l J u ly 11,1891,11,805,887 5,277,000 6,441,000 8,534,000 1,083,000 3,964,867 2,317,000 2,677,( 00 3,016,000 5,452,000 2,794,518 221.000 257.000 362.000 237.000 214,637 66.000 14,000 131,000 21.000 33.000 2.000 54.000 19.000 1,000 6,000 2,000 2,000 1894. Stock o f P r in t Cloths— J u ly 6, Held by Providence m anufacturers. 294,000 F all River m a n u fa ctu rers...............786,000 1893. J u ly 7. 139,000 105,000 1892. J u ly 8 . 7,000 None. Total stock (pieces)..................... 1,080,000 244,000 7 ,000 F o r e ig n D r y G o o d s . —There 92.000 86,000 390,000 455.C00 82,412 has been no change whatever in this division of the market. Business in seasonable lines is small and further business for fall appears to have been largely choked off by the apparent near approach of the passage of the new tariff. Im p o r ta tio n s a n d W a r e h o u s e W ith d r a w a ls o f D ry G o o d « . The importations and warehouse withdrawals of dry goods at this port for the week ending July 12, and since Jan. 1, N e w Y o r k , F r i d a y , P. M., July 18, 1894. 1894, and for the corresponding periods of last year are as The dominating influence in the market this week has again follows : been the labor strikes and the continued obstruction of freight facilities to Western markets. Western merchants have not only refrained from placing new orders but have stopped all shipments from this market except a few by water route for the time being. At the close of the week there is a hopeful feeling that the strikers have been subdued and that there is little danger of further interference with transportation. The withdrawal of such an important purchasing factor as the West has of course reduced business in both the primary market and jobbing circles very materially, but more particularly in the former, and neither the Southern nor Eastern trade purchased with any degree of liberality to compensate for it. No change in the general situation of the market is looked for in a week of such exceptional outside conditions, and none can be re ported. Buyers find sellers just as easy to deal with in most directions as before, but the latter are making no special efforts to attract demand. There may be some demonstration of such character next week if the present promise of return of distribution facilities to a normal condition is fulfilled. D o m e st ic W o o l e n s . —There have been reports made by some agen ts of a fair supply of reorders and occaisonal new business coining to hand, but these have been very excep tional, and no indication of general conditions, which reveal an exceedingly slow market this week—slow even in compari son with recent experiences. The demand is running too much in given directions to be of general support, and whilst there are agents anxious to meet buyers in a number of lines of both staples and fancies, there are a few so well situated that they are practically outof the market; these chiefly handle wors ted cheviots, clay worsteds and one or two popular mixtures. There is no business yet for next spring. Overcoatings are inactive for both this season and next, and only a quiet busi ness is doing in cloakings. Satinets, doeskius, cotton-warp cassimeres, etc., are inactive. Flannels and blankets dull but steady. Carpets slow. Woolen and worsted dress goods quiet for both staples and fancies, with sackings selling at irregular prices. D o m e st ic C o t t o n G o o d s .— The exports of cotton goods fromj| this port for the week ending July 10 were 6,391 THE DRY GOODS TRADE. THE CHEOJS LCLE. [J uly 14, 1894. State The bonds are exempt from City D£?ahtm£Nt. purposes. and terms of subscription . Commercial and Financial CHRONICLE con tains 4 0 to 6 4 pages, published every week. State and City Supplement of CHRONICLE con tains 1 8 0 pages, published periodically. Investors’ Supplement of CHRONICLE (a Cyclo paedia of Railroad Securities) contains 1 6 0 pages, published every other month. ________ Subscription to CHRONICLE for one year $ 1 0 .0 0 , which includes every issue of both Supplements. Terms of Advertising—(Per inch space.) One tim e ............................... One Month (4 tim es).. Two Months (8 tim es).. (The above term s for one $3 50 I Tnree Months (13 tim e s)..$ 2 5 00 11 00 Six Months (26 tim es).. 43 00 18 00 | Twelve Months (52 tim es).. 58 00 month and upward are for standing cards ) Che purpose of this State and City Department is to furnish our subscribers with a weekly addition to and continuation of the State and City Supplement. In other words, with the new facts we shall give, the amplifications and corrections we shall publish, and the municipal laws we shall analyze in the “ State and City Department,” we expect to bring down weekly the information contained in the State and City Supplement to as near the current date as possible. Hence if every Subscriber will note in his Supple onMENT the page designated at the head of each item a reference to the page where the item in the Chronicle can be found, he will at all times possess a complete and fresh cyclopaedia of information respecting Municipal Debts. S alt Lake City.—The limit of indebtedness which, under the Territorial act of July 80, 1886, was four per cent of the assessed valuation, was increased to six per cent under a special act of Congress approved Feb. 22, 1894, which pro vides as follows: B e it enacted, &c., That Salt Lake City, in the Territory of Utah, may become indebted to an amount in the aggre gate, including existing indebtedness, not to exceed 6 per cent on the value of the taxable property within said city, to be ascertained by the last assessment for Territorial and county taxes previous to the incurring of such indebtedness; and all bonds and obligations in excess of such amount given by said city shall be void. The Utah Legislature assented to the increase in an amend ment of the law which was passed Feb. 26, 1894. Counsel advise that this Territorial action was unnecessary. Bond Proposals and Negotiations.—We have re ceived through the week the following notices of 1 onds recently negotiated and bonds offered and to be offered for sale. Attleborough, Mass.—(C hronicle , vol. 58, pages 691 and 1118).—The $40,000 of Attleborough water supply bonds of fered for sale June 30 were awarded to the First National Bank of Attleborough, their’s being the highest bid. The loan bears interest at the rate of 4 per cent, payable semi-annually, and matures July 1, 1924. Both principal and interest will be payable at the office of the Boston Safe Deposit & Trust Co. Ashland, Ohio.—(Chronicle , v. 58 p. 1002 and vol. 59, page 37.)—Proposals will be received until July 30 for the purchase of $10,500 of Claremont Avenue improvement bonds maturing at the rate of $750 semi-annually from August 1, 1895, to Feb ruary 1, 1902, and $5,000 of Centre Street improvement bondsmaturing at the rate of $500 semi-annually from August 1, 1895, to February 1,1900. Interest on both loans will be pay able at the rate of 6 per cent. An election was to have taken place on July 7 to vote on issuing $45,000 of water-works bonds, but C. G. Ducomb, Village Clerk, writes us that on account of a mistake in ad vertising, the election has been postponed until August 4. The total indebtedness of the village is at present $10,000. Its assessed valuation for 1893 was $1,200,000. The popula tion according to local figures is 4,000. Becket, Mass.—Five per cent water bonds to the amount of $20,000 have been voted by the fire district. Brooklyn, N. Y.—(Chronicle , vol. 58, pages 565, 691, 744, 786, 787,831, 876, 953, 1045 and 1118.)-Halsey Corwin, City Comptroller, will receive proposals until July 20 for the pur chase of registered bonds of the city of Brooklyn as follows: LOANS— L o c a l Tm p . B o n d s - When Due. 48, J&J, $100,000 ....J a n . 1, 1921 4s, J&J, 100.000 ....J a n . 1, 1922 M a in S e w e r R F o n d .— e l ie f a n d E xten. 4s, J&J. $100,000 ....J a n . 1 ,1 9 3 1 4 b, J&J, 100,000 ....J a n . 1 ,1 9 3 2 N. Y. & B r o o k l y n B r i d g e — 4s, J&J, $100,000 ....J a n . 1, 1926 4s, J&J, 75,000 ....J a n . 1 ,1 9 2 7 P erm an en t W ater L oan- 48, J&J, $100,000 ....J a n . 1 .1 9 1 3 S o l d ie r s ’ m ent— and S a il o r s ’ M o n u 4s, J&J, $ 50,000......... Jan. 1 ,1 9 2 5 83 all taxation except for State BrooRville, Ohio.—School bonds of Brookville to the amount of $8,000 were sold on July 2 to Seasongood & Mayer, of Cincinnati, for $8,225. Tea bids were received for the loan, ranging from $8,025 to $8,560, but being, as was considered, conditional bids, the $225 premium was accepted, “ because the purchaser was present to examine the records before bidding.” The loan bears interest at the rate of 6 per cent. Bryan, Ohio.—Bids will be received until July 21 for the purchase of $3,000 of village water-works bonds. The loan will bear interest at the rate of 6 per cent. Central Falls F ire D istrict, R. I.—Bonds of this district*to the amount of $100,0JO are offered for sale by Chas. P. Moies, District Treasurer. The securities bear 4 ^ per cent interest and are payable at the rate of $4,000 yearly from May 15, 1895, to May 15,1919. The district will have no floating debt after this bond issue is sold. Its present bonded debt is $25,000, all of which is provided for by a sinking fund. The as sessed valuation in 1893 was $6,312,693; tax rate per $1,000 is $4; population, estimated, 15,000. The Central Falls Fire District comprises the southerly portion of the town of Lin coln, adjoining Pawtucket on the south, and covers an area of about three-fourths of a mile square. W ater is supplied by the city of Pawtucket, the district owning the street mains. Charleston, W. Ya.—(Chronicle vol. 58, pages 692, 953, 1045 and 1081.)—The $50,000 of 6 per cent 20 year bonds of Charleston were awarded on July 9 to Seymour, Bar to & Co., of New York for $52,006. A list of the bids received is as follows: A m o u n t B id. Seymour, Barto & Co., New York................. .............. ................$52,006 00 Farson, Leach & Co ........................................................................ 51.387 00 Illinois Trust & Banking Co., Chicago.............................. ......... 51,235 00 Hartford Steam B. inspeo. & Ins. Co.................................. . 5 1 ,5 8 0 0 0 N. W. H arris & Co ............................................................................. 51,415 00 E. H . Rollins & Sons ............ ........................................................... 51,670 00 Dietz, Dennison & Prior. ....................... ......... 50,685 no R. Kleybolte & Co., Cincinnati....................................................... 51,096 50 Lamprecht Bros. & Co............................ ........................................ 51,260 00 Interest on the loan is payable annually. Chicago Sanitary D istrict, Ills.—(Chronicle , vol. 58, page 1081.)—It is reported that only two bids were received on July 11 for the $3,000,000 of 4 p ercen t bonds and that both bids were rejected. The loan will mature at the rate of $150,000 yearly from July 1, 1895, to July 1, 1914, both inclusive, and interest will be payable semi annually in Chicago on the 1st of January and July. The bonds were to be sold in lots of $25,000 and multiples of that sum, each purchaser being re quired to take a pro rata share of short and long time bonds. Colfax, Wash.—(Chronicle , vol. 58, pages 877 and 879.)— The $5,000 of water bonds and $12,000 of general municipal bonds of this city, recently offered for sale, were awarded to Messrs. E. D. Shepard & Co., of New York, for $5,075 and $12,180, respectively. Interest at the rate of 6 per cent is pay able semi-annually and the bonds will become due in 20 years. The water bonds are part of an authorized issue of $52,000 and the general municipal bonds of an authorized issue of $30,000, both of September 19, 1891, the remainder of the loans having previously been sold. Davis, W. Va.—The citizens of Davis will vote on issuing street improvement bonds. Dawson County, Mont.—Bids will be received until August 14 at Glendive by Alex. S. Gillespie, County Treasurer, for $36,000 of 5 'per cent refunding bonds, due in 30 years and subject to call after 10 years. Interest and principal will be payable at the Chase National Bank in New York City. Particulars are given in the County Treasurer's advertisement elsewhere in this Department. D istrict of Columbia.—(Chronicle , vol. 58, page 1082.)— It is reported that the committee has decided in favor of is suing the $7,500,000 of sewer and street extension bonds. East Point, Ga.—Town Clerk R. F. Thompson will receive bids until August 7 for $7,000 of 6 per cent 30-year schoolhouse bonds, dated July 1, 1894. The bonds are for $103 each, and interest will be payable semi-annually (January and July) at East Point or Atlanta as the purchaser may prefer. A sinking fund sufficient to pay both interest and principal has been provided for. The town has no other indebtedness and its total assessed valuation is $400,003, the real value being about $633,033 ; tax rate in 1894 per $1,030 is $4*50. The population is esti mated at 1,500. The 1 own Clerk's advertisement giving further particulars regarding this offering will be found elsewhere in this Depart ment. Gallon, Ohio.—(Chronicle of May 26,1894.)—Bids will be received until August 6th by City Clerk C. F. Eise for th a r purchase of 6 per cent bridge bonds to the amount of $15,000, The securities will be dated September 1, 1894, and will mature as follows: $4,000 in 10 y ea rs......... ..........1904 I $4,000 in 12 y ea r s................... 1906 4,000 in 11 y e a r s ................. 1905 | 3,000 in 13 y e a r s ...................1907 The bonds are issued in pursuance of an ordinance author izing the issuance of bonds for the construction of a bridge 84 THE CHRONICLE. [Vol. L1X. New Ulm, Minn.—(Chronicle vol. 59, page 39.)—Below is across the tracks of the New York Pennsylvania & Ohio Rail road Company at or near the intersection of East Street and a list of the bids received on July 3 for the $14,000 of general fund bonds : W alnut street. B id . Gogebic County, M ich.- (Chronicle, vol. 58, pages 787 and C. C. Garland & Co., Minneapolis, M in n .................................$14,000 00 1046.)—1The 175,000 of county road bonds maturing July 2, The State Savings Bank, St. Paul, Minn...................... .............. 14,070 OO ietz, .Dennison <s Prior, Cleveland. O h io ........................... . 14,080 00 1909, were awarded on July 8 to C. H. White & Co. of New D Rudolnh Kleybolte & Co., Cincinnati, Ohio............... ................. 14,140 OO York at par, the interest rate having previously been changed W. J. H ayes & Sons, Cleveland, Ohio.............. ............................ 14,147 OO from 5 to 6 per cent. The county will pay the cost of print Mason, Lewis & Co., Chicago, 111........................ ......................... 14,147 OO Winona Deposit Bank, Winona, M inn......... .......... ................... 14,353 OO ing the bonds and incidental expenses, not to exceed $500. Western German Bank. Cincinnati, Ohio............................... . . 14,365 00 Eight bids in all were received for the loan. N. W. Harris & Co., Chicago, H I ................................. ................ 14,409 30 Lyon, Gary & Co., Chicago, I d ...... .............................................. 14,561 00 H arvard, Neb.—(Chronicle, vol. 58, page 1046,)—Water The loan was awarded to Lyon, G iry & Co., of Chicago. works bonds to the amount of $7,500 have recently been voted. H erkim er Union Free School D istrict, N. Y.—Bonds of The bonds are dated July 15, 1894, bear interest at the rate of this district to the amount of $10,000 were sold on June 25 to 5 per cent, payable annually, and run 30 years. the First National Bank of Herkimer at par. The loan bears Northfleld, Minn.—M. W. Skinner, chairm an of the interest at the rate of 4 per cent and matures at the rate of Finance Committee, will receive proposals until J uly 20 for $1,000 yearly from January 1, 1895, to January 1,1904. the purchase of $40,000 of 20-year water bonds. Interest not Hudson County, N. J .—(Chronicle, vol. 59, page 38.)—It to exceed 5 per cent will be payable semi-annually, both prin is reported that on July 12th $100,000 of new lunatic asylum cipal and interest to be payable at St. Paul, Chicago or New bonds payable at the rate of $10,000 yearly from January 1, York, as desired by the purchaser. The bonds will be dated 1911, to January 1, 1920, were sold to Messrs. R. L. Day & Co. July 1, 1894. The city’s total debt consists of $14,000 of bridge bonds; at 100-17. Interest at the rate of 4)^ per cent will be payable semi-annually on January 1 and July 1. The bonds are to school debt, additional, $18,000. The assessed valuation for 1894 is over $1,000,000; actual value over $3,000,000. Popula be registered and may be exchanged according to law. Ipswich, Mass.—(Chronicle, vol 58, pages 1002, 1046 and tion, according to local figures, is over 3,000. Norwood, Ohio.—(Chronicle , vol. 58, pages 877, 916, 955, 1982.)—ih e $100,000 of 4 per cent water bonds of Ipswich were awarded on July 2 to 'Messrs. Lamprecht Bros. & Co. of 1004 and 1083, and vol. 59, page 39.)—The election to vote Boston. The loan is dated July 1,1894, and will run thirty on issuing $50,000 of water-works bonds will be held July 25. years, pay able at the Old Colony Trust Co., Boston, Mass. In Olean, N. Y.—(Chronicle , vol. 59, page 1120.)—The $16,100 terest will be payable semi-annually on January 1 and July 1. of sewer bonds and $13,600 of street-improvement bonds Jacksonville, Fla.—(Chronicle, vol. 58, page 744.)—It is were awarded on July 10 to Street, Wykes & Co., for $16,120 reported that the city of Jacksonville has sold $900,000 of and $13,620, respectively. All of the bonds bear interest at the rate of 5 per cent. Other firms represented were Edward water-works and improvement bonds at par. C. Jones & Co., New York; Benwell & Everitt, New York; Jam aica School D istrict, N. Y.—One hundred thousand D. A. Moran & Co., New York, and I. W. Sherrill & Co., of dollars of 4 per cent coupon bonds of this district will be Poughkeepsie. Both loans are dated July 2, 1894, $10,000 of sold July 23. the street-improvement bonds maturing at the rate of $l,00d Kings County, N. Y -(C hronicle, vol. 58, pages 692, 787 yearly from July 1, 1895 to 1904, and the remaining $3,600 at and 832.)—Sealed proposals will be received until July 19 by the rate of $400 yearly from July 1,1895 to 1903; sewer bonds Henry H. Adams, County Treasurer, for the purchase of at the rate of $2,b00 yearly from July 1,1895 to 1901. Interest $350,000 of 4 per cent registered bonds. Interest will be pay on the street-improvement bonds will be payable annually, able semi-annually on May 1 and November 1. One hundred that on the sewer bonds semi-annually. and fifty thousand dollars of the amount known as “County Falatka, Fla.—The question of issuing bonds to the amount Farm Loan” will be dated May 1, 1894, and mature May 1, 1904, and the remaining $200,000 known as “Armory Bonds”' of $60,000 is under consideration. Parsons, Pa.1- (Chronicle , vol. 59, p. 38.)—John J. Ken will mature at the rate of $30,000 yearly from May 1, 1903, to ney, Treasurer, writes us in reference to the street improve 1907 and $50,000 on May 1, 1908. __ bonds recently authorized, that they have already been “ ~KnoxvilieTTeniK—It is reported that sewer bonds to the ment disposed of. The amount of the issue was $2,500. amount of $35,150 have recently been sold. Pawtucket, R. I.—(Chronicle , vol. 58, page 1004.)—Bid» M arshall, Minn.—Proposals will be received until July 30 will be received until July 21st by Frank M. Bates, City for the purchase of $25,000 of village bonds. Melrose,Mass.—(Chroniclevol. 58, pages565,832and877.) Treasurer, for $600,000 of 4 per cent 40-year gold bonds, in Pronosals will be received until July 16 by George Newhall, terest to be payable semi-annually, January and July, in Town Treasurer, for the purshase of $50,000 of 4 per cent 30- Boston. The securities will be in denomination of $1,000 year water bonds dated June 1,1894. Interest will be payable each, either registered or coupon, and they will be issued for semi-annually in June and December, principal and interest to be payable at Boston or Melrose. The total debt of the the following purposes : General account, widening and town is at present $863,000 ; water debt, additional, $249,000. opening of streets, $300,000 ; sewer loan, $175,000; water The estimated population for 1894 is 10,825. works loan, $125,000. The bonds will be ready for delivery Milwaukee, TTis.—(Chronicle, vol. 58, pages 877,916,1003, on August 1, 1894. 1046 and 1083.)—Water-works bonds to the amount of $100,For further information concerning this bond offering see 000 are proposed, the loan to bear interest at the rate of 5 per the Gity Treasurer's advertisement elsewhere in this Depart cent. Monroe County, N. Y.—Sealed proposals will be received ment. until July 17 by A. McVean, Treasurer, for the purchase of P e rth Amboy, N. J.—Bonds to the amount of $10,000 will $200,000 cf 3)^ per cent county bonds dated August 1, 1894, be issued for the construction of an almshouse, the loan to and payable at the rate of $50,000 yearly from Feb. 1, 1904 to bear interest at the rate of 5 per cent. Feb. 1, 1907. The bends will be issued in either coupon or P ortland, Ind.—It is reported that Portland has sold registered form, with interest payable semi-annually on Feb. $40,000 of bonds for waterworks. 1 and Aug. 1, both principal and interest to be payable at the Portsmouth, Ohio.—Proposals will be received until July office of the County Treasurer or at the American Exchange 31, at the office of H. F. Thompson, City Clerk, for the pur National Bank, New York, at the option of the purchaser. chase of $60,000 of city bonds. They will be issued to pay Napoleon, Ohio.—Sealed proposals will be received until temporary loans of the city and will be dated August 1, 1894. July 21 for the purchase of $60,000 of village water-works Interest at the rate of 5 per cent will be payable semi-annu and electric-light bonds. The bonds will be dated July 1, ally on February 1 and August 1, the bonds to become due at 1894, will bear interest at the rate of 5 per cent, payable semi- the rate of $5,000 yearly, beginning August 1, 1896. anuually on January 1 and July 1, $20,000 of the principal Quitman, Ga.—(Chronicle , vol. 58, page 1083.)—Bids will maturing in 10 years, $20,000 in 15 years and $20,000 in 20 be received until August 1st for the purchase of $20,000 of 6 years. Both principal and interest will be payable at the per cent water-works and electric-light bonds of the town of office of the Village Treasurer. Quitman. The securities will mature part yearly from 1900 The total debt of Napoleon, including this issue, is $67,000. to 1924, and interest will be payable semi-annually (January Its assessed valuation, which is from 25 to 33 per cent of and Julv) in Qaitman or in New York City. Quitman has no actual value, in 1893 was $674,875.* fr debt, fts assessed valuation is $1,000,000 ; tax rate per $1,000 “ “New Y<ntTCity.—(Chronicle, vol. 58, pages 691, 692,“ 745, is $4; estimated population, 2,500. 787, 1046, 1120, and vol. 59, page 39.)—On July 12 Comptroller Rome, N. Y.—K. S. Putnam, Chamberlain, writes the Ashbel P. Fitch awarded $250,000 of assessment bonds of the Chronicle that an election held at Rome on J uly 3 to vote city of New York to Messrs. Harvey Fisk & Sons at 101'07. on issuing $10,000 of city-hall bonds resulted in favor of the Interest will be payable semi-annually on May 1 and Nov. 1 proposition. at the rate of 33^ per cent, the bonds to become due November Mich.—(Chronicle vol. 59, page 42.)—Bids will 1,1899. The following is a list of the bids received for the beSaginaw, received until July 19 for the purchase of $110,000 of loan: B idders.*' WWIWB A m ount. Rate. street improvement bonds and $40,000 of sewer bonds. Both H arvey Fisk & Sons......... $250,000 101*o7 loans wid bear interest at the rate of 5 per cent and run from L. W Morrison................................ 50,000 101-03 one to five years. Farson. Leach & Co.......................- ........................ 250,000 1 (0 63 St. James, Minn.—(Chronicle , vol. 58, pages 832 and 879.) Blake Bros. & Co......................................................... 250,000 100*41 H ollister & Bwbcock..................................................... 250,000 100*i5 —The village of St. James sold $30,000 of water-works and Edward C. Jones & Co........................................ 250,000 100*10 electric-light bonds ou July 6 to N. gVY. Harris & Co. of Chi cago for a total premium of $1,700. The loan will bear inter$1,300,000 Total amount Md fo r .. , July THE CHE0N1CLE. 14, 18941 85 K est at the rate of 6 per cent and will run 20 years. The fol N.) at the National Park Bank, New York, and will mature lowing is an official statement of the finances of the village May 1, 1934, witb an option of call after ten years from date of issue. previous to the sale of the above-mentioned bonds : The city’s total debt, including this issue, is $53,000; sinking T ax valuation, rea l.........$202,326 Total ta x per $ 1,0 0 0 ............ $21 50 930 fund, $3,222; net debt, $49,778. The assessed valuation for Tax valuaiion, personal. 139,774 Population in 1890 was....... 414 1894, which is two-thirds of actual value, is $1,875,901; total Total valuation, l - 9 3 __ 342,094 Population in 1880 w as....... A ssessm ent about % actual value. tax (per $1,000), $20 25. St. Johns, Mich.—(C h r o n ic l e , vol. 58, pages 566, 745 and Pa.—(C h r o n i c l e , vol. 59, page 39.)—James 878 )—Sealed bids will be received until July 23 by Dewitt H. P. Waynesboro, Wolff, Treasurer, writes us in reference to the $15,000 of Hunt, Village Clerk, for the purchase of $10,000 of 5 per cent street bonds recently voted, that they have sewer bonds. The loan will be dated August 1,1894, and will alreadyimprovement been sold to a New York party. They bear interest mature at the rate of $2,000 yearly from October 1, 1901, to at the rate of 4 ^ per cent, payable semi-aanually. October 1,1905. Interest will be Dayable semi-annually on Wells, Minn.—The citizens of Wells will vote on July 24 April 1 and October 1. These bonds are part of an issue of $30,000 authorized at an election held March 19, 1894, $10,000 on the proposition of issuing $18,000 of water-works bonds, of the amount having been sold on May 14 for $10,005. Wellsboro, Pa.—Bids will be received until July 23 by the The total bonded debt of the village, including this issue, is Board of Education of Wellsboro for the purchase of $11,500 $70,000. The assessed valuation for 1894 is $1,731,370; esti of 4 per cent registered school bonds. The loan will be dated mated real value, $3,000,000. The population at present, July 1, 1894, and will run 25 years, payable at the option of according to local figures, is about $3,500. the board at any time. Stoneham, Mass.—It is reported that the people of StoneW illim antic, Conn.—Four per cent sewer bonds of Williham have voted in favor of purchasing the water-works at a mantic to the amount of $50,000 will soon be issued. cost of $667,000, for which bonds will probably be issued. W inton Place, Ohio.—(C h r o n ic l e , vol. 58, page 1123.)— Tacoma, Wash.—It is reported that bonds of Tacoma to the Village bonds to the amount of $1,500, bearing interest at the amount of $500,000 .bearing interest at the rate of 5 per cent, rate of 6 per cent, were sold on July 9 to the German National will be issued to refund a like amount of outstanding war Bank of Cincinnati for $1,601. Seven bids in all were re rants, $400,000 of which are now bearing interest at the rate ceived, of which the following is a list: A m o v n t B id. of 10 per cent. The city’s present bonded indebtedness in German National Bank, Cincinnati.............. . ............................... $1,601 cluding $1,750,000 of light and water bonds is $2,590,000. R. K leybolte & Co., Cincinnati................ . ......... .................. 1,552 50 Transylvania County, N. C.—(C h r o n ic l e , vol. 58, page Atlas National Bank, Cincinnati...................................................... 1,587 50 & Mayer, Cincinnati....................... . ......................... 1,591 25 957.)—The election held June 30 to vote on issuing $60,000 Jof Seasongood Jno. Wentzel, Cincinnati ............................ . ................................ 1,530 railroad aid bonds resulted in favor of the proposition. The A. M. Ross & Co., Ilion, N. Y ............................................................. 1,525 loan will bear interest at the raté of 6 per cent and will ma Dietz, Dennison & Prior, Cleveland, O.......................... ............. 1,575 ture in 30 years. The bonds run 15 years, with an option of call after 10 years. Vergennes, Vt.—Bids will be received until July 20 for the Worcester County, Md.—Proposals will be received until purchase of $20,000 of coupon bonds, the loan to bear interest July 17 by the Commissioners of Worcester County for the at the rate of 4 per cent and run 20 years. purchase of $25,000 of 5 per cent bonds. Interest will be pay W axahachie, Texas.—Water-works bonds of this city to the able semi-annually on January 1 and July 1, and the bonds amount of $6,000 will soon be issued. The loan will bear in will mature at the rate of $500 yearly from January 1, 1895 terest at the rate of 6 per cent, payable semi-annually (M. & to January 1, 1944. The loan will be free from county taxes’ N EW LO A N S. N E W LO AN S. $ 200,000 C IT Y O F P A W T U C K E T . Bonds of the City of El Paso, Texas. Proposals for $ 6 0 0 ,0 0 0 Z ^ P er C ent Forty-Year Gold Bonds. N EW LO A N S. German-American Investment Co., 5 2 W A L L S T ., N E W Y O R K . (G ro u n d F lo o r, o p p o site C u sto m H o u se .) The Oily o f E l Paso, Texas, w ill receive sealed bids u n til F riday, J u ly 2 0 ,1 8 9 4 , at 5 o'clock Of f ic e o f t h e C i t y T r e a s u r e r , ) P . M„ a n d not thereafter, at the office o f the P a w t u c k e t , R . I„ J u n e 29, 1894. ) S ealed p ro p o sa ls a d d re s s e d t o F r a n k M . B a te s , City City C U r k o fth e O iiy o fE l Paso, Texas, fo r T re a s u re r, P a w tu c k e t, R . I., e a c h e n d o rs e d , “ P r o the follow ing M unicipal B onds : C h ica g o O ffice: 6 0 7 T a c o m a B u ild in g . p o sal f o r L oans,V w ill b e re c e iv e d a t t h i s office u n til ? F i r s t .—E l P a s o C ity W a te r B o n d s, n u m b e re d fro m o n e to o n e h u n d re d a n d se v e n ty -liv e , b o th n u m b e rs 3 o ’clo ck P . M., S A T U R D A Y , J u ly 21, 1894, f o r th e in c lu siv e, a n d fo r t h e su m o f o n e th o u s a n d d o lla rs w h o le o r a n y p a r t o f t h e fo llo w in g lo a n s to t h e c ity e a c h ; b e a rin g in t e r e s t a t th e r a t e o f s ix p e r c e n t p e r o f P a w tu c k e t, p rin c ip a l a n d I n te r e s t p a y a b le in gold a n n u m ; d a te d O cto b e r ' s t, 1893; re d e e m a b le a f t e r fifte e n y e a r s ; a n d a b s o lu te ly d u e a n d p a y a b le th i r ty c o in : y e a rs a f t e r O cto b e r 1st, 1898; in t e r e s t pay a b le a t th e 1. G e n e ra l a c c o u n t, w id e n in g a n d o p e n in g s tr e e ts . C hem ical N a iio n a l B a n k o f N ew Y ork, o n t h e firs t d ay s o f A p ril a n d O cto b er. T h e se b o n d s h a v e b een L o a n th r e e h u n d r e d th o u s a n d d o lla rs ($300,000) o n c o n te s te d in th e c o u rts, a n d d e c la re d v a lid a n d s u b b o n d s o f s a id city , d a te d J u ly 1,1894, d u e J u ly 1,1084. s e q u e n tly a p p ro v ed by t h e a tto r n e y g e n e ra l o f t h e 2. S ew er lo a n . O ne h u n d r e d a n d seventy-five; S ta te o f T e x a s as v a lid a n d b in d in g o b lig a tio n s u p o n t h e C ity o f E l P aso, a n d re g is te re d by t n e C om p th o u s a n d d o lla rs ($175,000) o n b o n d s o f s a id city, tr o lle r o f t h e S ta te o f T e x a s . B o th in t e r e s t a n d d a te d J u ly 1,1894, d u e J u ly i, 1934. p rin c ip a l a re pay a b le in gold. 3. W a te r W o rk s a c c o u n t lo a n . O ne h u n d r e d a n d S e c o n d .—E l P a s o C ity W a te r W o rk s B o n d s (k n o w n as a rte s ia n w ell bonds) n u m b e re d fro m one tw e n ty -fiv e th o u s a n d d o lla rs ($125,000) o n b o n d s o f t o tw en ty -fiv e, b o th n u m b e rs in c lu siv e, ea ch o r t h e s a id city , d a te d J u ly 1,1894, d u e J u ly 1,1934. s u m o f o n e th o u s a n d d o lla rs ; b e a rin g in t e r e s t a t R e g is te re d o r c o u p o n b o n d s w ill b e is s u e d in th e t h e r a t e o f s ix p er c e n t p e r a n n u m , d a te d O c to b e r 1st, 1889, re d e e m a b le a f t e r t e n y e a rs ; a b so lu te ly d e n o m in a tio n s o f $1,000 ea c h . d u e a n d p a y a b le a t tw e n ty y e a rs a f t e r d a te : in t e r e s t E a c h o f th e a b o v e s e rie s o f b o n d s t o b e a r i n t e r e s t p a y a b le a t t h e C hem ical N a tio n a l B a n k ol N ew Y ork, o n t h e firs t d a y s o f A p ril a n d O cto b e r in e a c h a n d a t t h e r a t e o f f o u r (4) p e r c e n tu m p e r a n n u m , p a y e v e ry y e a r. a b le se m i-a n n u a lly in gold, J a n u a r y 1 a n d J u ly 1. A s u it w as b ro u g h t to e n jo in t h e is s u a n c e o f t h e s e T h e in t e r e s t co u p o n s w ill h e p a y a b le a t t h e N a b o n d s a n d d e c id e d i n fa v o r o f t h e C ity by t h e F e d tio n a l B a n k o f R e d e m p tio n , B o s to n , M a s sa c h u s e tts. T h e s e b o n d s h a v e b e e n re g is te re d b y t h e C om p B o n d s w ill h e re a d y f o r d e liv e ry A u g u s t 1, 1894. tr o lle r o f t b e S ta te o f T e x a s, a s re q u ire d b y th e law . A c c ru e d i n t e r e s t w ill b e a d d e d to p ric e b id . U n r e r th e la w s o f th e S ta te o f T e x a s , th e s e b o n d s c a n n o t b e sold f o r le ss t h a n p a r a n d a c c ru e d inT h e r ig h t is re s e r v e d to r e j e c t a n y a n d a ll b id s. F u r th e r in f o r m a tio n c a n b e o b ta in e d o f t h e u n B id - a re re q u e s te d o n e a c h is s u e a n d o n b o th com b in ed . d e rs ig n e d . T h e c ity h e re b y re s e rv e s th e r ig h t to r e j e c t an y F R A N K M. BA TES. a n d all bids. C ity T re a s u re r. A d d re s s s e a le d b id s to B . S C A T L IN , C ity C lerk. E i P aso , T e x a s. C ity Y o u n g s to w n , O h io ..................5 s a n d 6s. C ity T o le d o , O h io .............................. 5 s, C ity O m a h a , N e b ............................... 5 s . C ity P o r t l a n d , O r e .............................5 s. C ity A u r o r a , 111.......... 6s. A s b u ry P a r k , N. J ..........................•■•5s. A n d e rs o n , I n d ......................................6 s . S k a g i t C o u n ty , W a s h .......................6 s . I r o n C o u n ty , W i s ................................6 s . R ic h fie ld S p rin g s , N . Y ...................4 s . D u n k i r k , N. Y .................... 4s. L a n s in g b u r g , N . Y .............................4 s . July Investments. C ity o f N ew Y o rk 3K s. C ity of B r o o k ly n 4 s . C ity o f E lm i r a , N. Y ., 4 s. C ity of D e t r o i t , M ic h ., 4 s . C ity of D e rb y , C o n n ., 4 s . C ity o( S a l t L a k e , U ta h , 5 s . C ity o f T a c o m a , W a s h ., 5 s . C ity o t D e n v e r . C ol., 4 s . O u r c i r c u l a r m a ile d u p o n a p p lic a tio n . Farson, Leach & Co., 2 W ALL S T ., N .Y . July Investments. A n d o t h e r C h o ice M u n ic ip a l B o n d s l o r I n v e s tm e n t b y S a v in g s B a n k s a n d T r u s t e e s . D e s c r ip tiv e C i r c u l a r s u p o n A p p lic a tio n . C IT Y BONDS N e ttin g fro m 4 P e r C e n t to 6 P e r C e n t. W r ite f o r d e s c rip tio n o f ch o ice s e c u ritie s is s u e d by c itie s o f g o o d fin a n c ia l s ta n d in g , w ith p o p u la tio n ra n g in g f ro m 20,000 t o 150,000. C. H. W H IT E & CO ., B A N K E R S, $ 3 6 ,0 0 0 Dawson Co., Montana, T2 BRO AD W AY, - NEW Y O R K . W . J. Hayes & Sons, 5% Bonds. B A N K E R ^, B id s w ill b e re c e iv e d by t h e B o a rd o f C o u n ty C o m m issio n ers a t G len d iv e, D aw so n C o u n ty , M on ta n a , u n til A u g u s t 14th, 1894, fo r t h e p u rc h a s e o f Dealers in MUNICIPAL BONDS. th irty -s ix b o n d s o f t h e d e n o m in a tio n o f O ne T h o u s a n d D o lla rs ($ l,0o0), e a c h b e a rin g i n t e r e s t a t th e S tr e e t R ailw ay B o n d s a n d o th e r h ig h g ra d e i n r a t e o f five p e r c e n t, p ayable, sem i-a n n u a lly . S aid b o n d s w ill b e pay a b le tw e n ty y e a rs fro m d a te o f v e stm e n ts. issu e, o r a n y tim e a f t e r te n y ea rs, a t t h e o p tio n o f 311-313 8 n p .rio rs t.,d( 40-42 W all St., th e c o u n ty . A re is s u e d f o r >b e p u rp o se o f re fu n d ing o u ts ta n d in g in d e b te d n e s s . I n te r e s t a n d p rin cipal p ayable a t t h e C hase N a tio n a l B a n k o f N ew 7 E x c h a n g e P l a c ^ ' ' :: New York, Y ork C ity. By o rd e r o f.th e B o a rd o f C o u n ty C o m m issio n ers. 1 Cable A ddress, “ K E N N ET H .” S ta te " ECALEX. S. G IL L E S P IE , T re a s u re r 1 THE CHRONICLE, 86 S T A T E AND C ITY D E B T CHANGE We subjoin reports as to municipal debts received since tb* last publication of our State and City Supplement. Some of these reports are wholly new and others cover items of information additional to those given in the Supplement > and of interest to investors. Hoboken, N. J.—Lawrence Fagan, Mayor; James Smith, Treasurer. The following statement regarding the financial condition of the city of Hoboken has been corrected to May 7, 1894, by means of a special report to the Chronicle . Hoboken is in Hudson County. [V ol. LIX. the w ater debt, and the city’s floating debt, on May 7 ,1 8 9 4 , and i n 1893, 1892 and 1891. M ay 1 ,1 8 9 4 . 1893. 1892. 1891. Total bonded d e b t ....$1,035,500 $1,094,750 $1,224,350 $1,131,350 Sinking fünds....... ...... 879 4,556 28,156 43,291 N et d e b t................. $1,034,621 $1,090,194 $1,196,194 $1,088,059 F loating debt............... $116,673 $131,224 " $110,215 $138,318 Tbe sinking fund receives yearly a portion of the license fees and m oneys collected from assessm ent after certificates are paid. CITY P R O PE R T Y —The city owns parks, public buildings, a w ater system and other assets am ounting to over a m illion dollars. A SSESSED VALUATION—The city’s assessed valuation (about 66 per cent of the cash value) and ta x rate at different periods h a v e been as follow s : B eal Personal B ate o f Tax Total ,-----------P rin cip a l.----------P roperty. Assessed V aluation , per $1,000 * Years. Estate. LOANS..$ 2 0,905,800 W hen Due. O utstand’g. 1 8 9 3 .... $1,989,395 $20-80 $22,895,195 B ate. Payable. NAME AND PURPOSE. 1,023,455 21,304,555 21-90 $54,000 1 8 9 2 .... .. 20,281,100 Feb. 1, 1905 F & A Judgm ent, 1875— r 7 A 19,354,300 1,671,890 26-40 1 8 9 1 ....... 21,026,190 Ju ly 1, 1899 30,000 clo 1889....... 413 J & J .. 17,275,600 1,622,862 1 8 9 0 .... 18,898,462 24-70 Aug. 1, 1907 45,000 A 413 F & B&C School-house, 1887.r 1,491,300 17,112,400 25-36 100,000 1 8 8 7 .... .. 15,621,100 Ju ly 1, 1910 J & J do 1 8 9 0 .. 4 1,284,447 14,860,047 21-81 10,000 1 8 8 0 ....... 13,575,600 A & O Oct. 3, 1896 Water bonds, 1 876.. 7 D 9,500 A & O Oct. 2, 1902 PO PU LA TIO N —In 1890 population w as 43,648; in 1880 it w as do 1 8 8 2 ....r 6 D Apr. 1 2 ,1 9 0 3 5,000 5 A & O do 1 8 8 3 ....r D 30,999 ; in 1870 it w as 20,297. 20,000 Nov. 1 ,1 9 1 0 do 1 8 9 0 ..... 4*2 M & N 15,000 M & N Nov. 1, 1902 Engine house, 1892.. 6 Moline, 111.—(S t a t e a n d C i t y S u p p l e m e n t , page 95, and B 13,000 Fire house, 1892---- 4*2 M & N Nov. 1, 1907 Aug. 1, 1908 7,000 C h r o n ic l e , vol. 58, page 1003 )—Wm. C. Bennett, Mayor. do 1 8 9 3 .... 4*2 F & A Jan.,’9 5 ,to l9 0 0 25,000 The following statement has been corrected by means of a J & Volunt’rb ’nty,ser.I.o 6 D 1 $4,000 yearly £ 337,000 report from Charles G. Carlson, Ci ty Clerk. J & D Deo. 1, 1898 6 Redemption, 1 8 7 8 .. 0 A 75,000 F &A Feb. 1, 1899 do 1 8 7 9 .. e 6 A Moline is in Rock Island County. 196,000 M & N Nov. 1 5 ,1 9 0 1 do 1881.c&r 5 c 60,000 M & 8 Sept. 1, 1910 Citv H all, 1 8 8 0 ..e&r 5 Wat. Wks. & E lec. L’t—Cont.— LOANS— W hen Due. A 24,000 Nov. 1, 1912 P olice Dept., 18 9 2 .. 4*2 M & N Bridge Bonds— 5s, M&S, $ 2 ,5 0 0 ... .Sept. 1 ,1 8 9 6 10,000 5s. J&J, $7,0 0 0 ....... July 1 5 ,1 8 9 4 Total debt Ju n e 1 ,1 8 9 4 . A & O Oet. 1, 1898 Public hath, 1 8 8 8 .. .r 4 $66,500 B ($1,000 due y ’rly) to Ju ly 1 5 ,1 9 0 0 T ax valuation, re al....... 1,33.2,465 “ o,” c o u p o n bonds; “r,"registered bonds. 5s, M&N, $ 3 ,0 0 0 ....Nov. 1 ,1 9 0 6 Tax valuation, pers’nal. 679,954 ater WorksTotal valuation 1 8 9 3 ... 2,012,429 PAR VALUE OF BO NDS—A is $1,000; B i s $5,000; C is $10,000, 68,WM&S, $ 5 0 ,0 0 0 ... .Sept. 1 ,1 9 0 3 A ssessm ent is actual value. Subject to call at any time. Total ta x (per $1,000)......... $68'60 D is $500. ater Wks. and E lec. LightPopulation in 1890 w a s .. . . 12,000 IN TER E ST on registered bonds is payable at the City Treasurer’s 58,WM&S, $ 4 ,0 0 0 ....Sept. 1 ,1894-5 Population in 1880 w a s___ 7,800 office. Coupons are payable by tbe F irst National Bank o f Hoboken, ($2,000 due yearly.) and interest on water bonds at Water R egistrar’s office. IN T E R E ST on th e $7,000 bridge bonds and the w ater w orks and q e b T E t c .—The subjoined statem ent shows Hoboken’s electric-light bonds is payable in Moline; on the other bonds in N ew to ta l m unicipal debt, the sinking fund held by the city against the sam e, York City. ^zIntiresL^r JS N EW N E W LO A N S. LO A N S EAST POINT, GA. $7,000 School House Bonds. S ealed p ro p o sals w ill b e re c e iv e d u n ti l A u g u s t th e 7 th , lt>94,12 M., f o r th e sa le o f $7,< 00 o f S ch ool-house B o n d s, b e a rin g 6 p e r c e n t p e r a n n u m in te r e s t, p a y a b le sem i-aD n u ally a t th e office o f T o w n T re a s u re r, in E a s t P o in t, o r in A tla n ta , a t th e o p tio n o f p u r c h a se r, t h e b o n d s to b e o f th e d e n o m in a tio n o f iloO e a c h a n d to r u n 30 y e a rs fro m J u ly 1st, 1894. E a s t P o in t is a g ro w in g su b u rb , s ix m iles s o u th o f A tla n ta a t t h e ju n c tio n o f th e C e n tra l R R . a n d th e A tla n ta & W e s t P o in t R R . P r e s e n t p o p u la tio n 1,500. A ss e s s e d v a lu a tio n o f r e a l a n d p e rs o n a l p ro p e rty 1400,000, r e a l v a lu e $ri00,0J0. T o ta l d e b t in c lu d in g th i s proposed is s u e o f b o n d s $7.0u0; th e t a x r a t e fo r 1894 is 4J6 m ills o n t h e d o lla r. T h is is s u e o f b o n d s is a u th o riz e d by a special A c t o f th e G e n e ra l A sse m bly o f G eorgia, a p p ro v e d by t h e G o v e rn o r a n d r a t ified by a u n a n im o u s v o te o f t h e qualified v o te rs o f t h e to w n . A sin k in g fu n d o f $3Mb"88 a n n u a lly ha« b e e n p ro v id e d to p a y off t h e b o n d s a t m a tu rity ; also a su fficien t a m o u n t to m e e t t h e in te r e s t s e m i-a n n u a lly i n J a n u a r y a n d J u ly o f e a c h y e a r. A n y f u r th e r in f o r m a tio n w ill be c h e e rfu lly fu rn is h e d b y R . F . T H O M P S O N , C le rk o f C ouncil, E a s t P o in t, G a. T h e r ig h t to r e j e c t a n y a n d a ll b ia s is re s e rv e d . W. N . Coler & Co., BANKERS. MUNICIPAL MUNICIPAL FO R BONDS IN V E S T M E N T . BONDS S U IT A B L E F O R Savings Banks and Trustees in New York State. P a r t i c u l a r s u p o n a p p lic a tio n . P A R T IC U L A R S U P O N A P P L IC A T IO N . R. L. Day & Co., 4 0 W a t e r S t r e e t , B o s to n , M a s s . MTCMRKRH OF THE NEW YORK AND BOSTON STOCK juXCHANGES. DEALERS IN COMMERCIAL PAPER. $ 100,000 C IT Y OF BUFFALO NON-TAXABLE 3 1-2 Per Cent Registered Refunding Bonds. Blake Brothers & Co., » 8 ST A T E S T R E E T , BOSTON. 5 N A SSAU S T ., N E W YORK. D a e $ 1 0 ,0 0 0 a n n u a l l y fro m J u l y 1 , 1 8 9 5 to J u l y 1 ,1 9 0 4 . P r ic e a n d P a r t i c u l a r s u p o n A p p lic a tio n . Street, Wykes & Co., M UNICIPAL BONDS. 34 NASSAU STREET. N EW LO A N S. 44 W A LL STR EE T. - NEW Y O R K . Rudolph Kleybolte & Co., MORTGAGE LOANS IN Geo. M. Huston & Co. Investment Bankers, 3 0 W e s t T h ir d S t r e e t , C in c in n a ti, O h io . B O N D AND S T O C K D E A L E R S W e b u y a n d sell o u tr ig h t a ll W e s te rn M u n icip al B o n d s a n d S tocks. We c h e e rfu lly fu rn is h fn ll a n d re lia b le in fo rm a tio n co n c e rn in g a n y W e s te rn se c u rity w ith o u t ch a rg e . M o n th ly q u o ta tio n c irc u la r m a ile d t o all ap p lican ts. N ew issu e s o f m u n ic ip a l b o n d s w a n te d . 80S PINK ST R E E T . ST. LOUIS, ML©», NO COMM ISSIONS c h a rg e d b o rro w e r o r le n d e r u n ti l lo a n s h a v e p r o v e n good. Choice Investment Bonds of Cities, FRANCIS SMITH & CO., Counties and School Districts. S A N A N T O N IO , T E X A S . L IS T S M A IL E D U P O N A P P L IC A T IO N . $250,000 Edward Morton & Co., 6%Modesto Irrigation Dist. Gold Bonds 53 Broadway, New York. ¡^ T I n t e r e s t P a y a b l e S e m i-A n n u a lly . P a id b y t h e po w er o f ta x a tio n . F ir s t lie n o n th e la n d . F o r b a n k a n d o th e r r e fe re n c e s a p p ly to W . E. H O LBRO O K , 6 0 W a l l S t., N ew Y o r k . TEXAS. 7 P e r C e n t a n d 8 P e r C e n t N e t. S p e c ia ltie s : M U N IC IP A L , ST R E E T R A IL W A Y BONUS and BANK STOCKS. James N . Brown & Co., J BANKERS, 6 2 C e d a r S tre e t, - NEW Y O R K . M U N IC IP A L , C O UN TY , SC H O O L A N D T O W N S H IP B O N D S BOUGHT AND SOLD. Wm. Fisher & Sons, B A N K E R S A N D B R O K E R S, 2 3 S o u th S tr e e t, B a lt i m o r e , M d THE CHRONICLE. J uly 14, 1894.] Norwich, Conn.—(S ta te a n d Cit y S u pplem en t , page 89.) —Calvin S. Harwood, Mayor. The following statement has been corrected by means of a special report from J. H. Keep, Auditor. Norwich is in New London County. The city and town have separate governments, keep separate accounts, and have separate debts. V — Interest.— , ,----------Principal.LOANSNAME AND PURPOSE. Cit y op Tow n Bate. Payable. N o r w ic h D e b t . City debt bonds, ref., 1883 . Court h o u se .,........................ . Sinking fund bonds of 1877. do do 1878 Water fund bonds.................. do do 1890......... op .. 4 .. 7 .. 5 .. 5 .. 6 .. 5 A & O J & J A & O A & O .J & J J & J W hen Due. Oct. Jan. Apr. Apr. Jan. Jan. 1, 1, 1, 1, 1, 1, OutstancTg. 1913 1905 1907 1908 1898 1910 $125,000 164,000 160,000 *150,000 150,000 50,000 N o r w ic h D e b t . semi-an. 1905 Court house bonds.............. .. 7 sem i an. 1913 Town debt bon d s.................. .. 4 Subject to call after 1893, Town deposit fund.............. .. 6 annually * Of th ese $100,000 are refunded w ater bonds. PAR.—The city’s bonds are all for $1,000 each. 87 which are held at $650,000. In the year 1893-94 the regular feceip ts o f the w ater works were $48,510 81; expenditures $25,851 7 2 ; interest on bonds $16,500; surplus $6,159 09. ASSESSED VALUATIO N.—The city’s assessed valuation and t a x rate have been as follow s, real estate being assessed “ at % cash valu e.’ B eal Personal B ate o f Tate Tears. Estate. Property. Total. p e r $1000. 18 9 3 ................ $8,062,744 $1,999,4'76 $10,062,220 $10-00 1892................ 7,981,334 2,087,514 10,068,848 10 00 1891................ 7,857,9.24 2,023,101 9,881,025 10-00 2,129,351 9,955,810 9-50 1 8 9 0 .............. 7,826,459 1887................ 7,539,329 2,381,600 9,920,929 9*50 1883................ 7,392,767 2,658,058 10,050,825 9-00 7,438,097 2,976,028 10,414,125 8-00 1880........... The tow n grand list on October 1 ,1 8 9 3 , w as $13,693,115; ta x rate (per $1,000), $5-00, this being additional to city ta x as above given. P O PU LA TIO N .—In 1890 population of city w as 16,192; in 1880 it was 15,112 (including town, 21,145) 160,000 175,000 P arkersburg, W. Va.—(C h r o n ic l e , vol. 58, pages 692, 916 and 1047.)—W. H. Smith, Jr., Mayor. W. H. Ogdin, 13,301 Clerk, The figures in the following detailed statement con cerning the city’s finances have been taken from a special re TAX FREE.—All the issues of city bonds are exempt from taxation. port to the Chronicle. INTEREST on city bonds is paid by city treasurer, and in some oases This city is in Wood County. in B oston also. TOTAL DEBT.—The subjoined statem ent show s the city’s total debt on the 15th o f May of each of the la st four years. 1894. 1893. 1892. 1891. Total bonded debt of city.......$799,000 $799,000 $799,000 $799,000 Certificates outstanding......... 165,431 165,431 165,431 165,431 T o ta l.............. ..................... $964,431 $964,431 $964,431 $964,431 Balance in treasury............... 23,961 28,811 21,175 31,678 N et debt on May 1 5 .........$940,470 935,620 $943,256 $932,753 Water debt included a b o v e ...$300,000 $300,000 $300,000 $300,000 Total tow n debt A pril 1 ,1 8 9 4 , w as $335,000 ; sinking fund, $20,986 66; cash on hand, $12,282 87; ta x es due, $64,000. The tow n ’s total debt on September 1 ,1 8 9 1 , w as $314,471. The sinking fund receives yearly ^ m ill on city arid tow n list. CITY PROPERTY.—The city owns property valued at $1,182,111. This inoludes buildings, fire department, etc., as w ell as w a terw o rk s, LO ANSW hen Due. Interest payable at City Treasury. Total debt Ju ly 1 ,1 8 9 4 ..$ 2 4 0 ,0 0 0 I m pr ov em en t B onds — 5s. July, $ 65,000....... Ju ly 1, 1914 Water debt (included). . . . 80.000 R e f u n d . B onds , S e r . A, B & D— SinkiDg F un d..................... 30,396 6s, J&J, $ 1 1 ,0 0 0 ..................... 1906 N et debt July 1, 1894__ 209,604 6s, F&A, 20 0 0 0 ........................1912 Tax valuation, real....... 3,540,046 5S.J&D, 14,000....................... 1909 I Tax valuation, personal. 1,943 162 St r e e t P av . & S e w e r ’e B ’ds .— Total valuation 1893 ___5,483,208 5s, June, $5 0 ,0 0 0 __ June 1, 1910 A ssessm ent about *2 actual value. Total ta x (per $1,000)......... $27-50 W a te r Wo r ks B onds — 6s, J u l \ , $ 80,000....... Ju ly 1 ,1 9 0 4 Population in -1890 w as___ 8.408 Subject to call after Ju ly 1 ,1 8 9 4 . Population in 1894 (e st.)...1 0 ,0 0 0 In addition to the amount required to be set aside out of annual levy and paid into the sinking fund, the city is re quired each year to pay not less than $5,000 of the refunding bonds until all are retired. The amount of these bonds taken up and paid out of the levy for 1893 was $10,000. M IS C E L L A N E O U S . C H IC A G O . C H IC A C O . Title Guarantee & Trust Company Jamieson & Co., OF S T O C K S —B O N D S , e m b e rs N ew Y o rk a n d C hicago S to ck E x c h a n g e s . CHICAGO, 187 DEARBORN STR EET, C hicago* I l ia . 9». »4 Sc 96 WASHINGTON STREET. Capital* paid-up.............................$1*690*000 Undivided earnings* Including surplus............................................. 939*000 Deposited with State Auditor. . 900*000 GUARANTEES TITLES TO REAL ESTATE. MAKES ABSTRACTS OF TITLE. Oilers Investors In real estate securltle protection afforded hr no other system of doing bnslnees* Is authorized by law to act as Registrar of Stock* and Bondi, Executor, Receiver and Trustee for Estates, Syndicates, Individuals and Corporations. Trust moneys and tru st securities kept separate from th e assets of th e Company. CORRESPONDENCE SOLICITED. OFFICERS: GWYNN GARNETT, President. A. H. SELLERS, Vice-President. ARCHIBALD A. STEWART, Secretary. CHAS. R. LARRABEB, Treasurer FRANK H. SELLERS, Trust O'Boer. DIRECTORS : Gha*. W. Drew, Gwynn Garnett. John P. Wilson, W .D. Kerfoot, Bdson Keith, Horace G. Chase, Geo. M. Rogue. John G. 8hortall, A. H. Sellers. u< Ai John DeKoven, Samuel B. Chase, COUNSEL: W. 0. Goudy, John P. Wilson, A. W. Green. A. M. Peno#, A. G. Becker & Co., (INCORPORATED) SCHAFFNER IN THE! CITY OF NEW YO RK . O F F IC E R S . P r iv a te w ire t o N ew Y o rk a n d P h ila d e lp h ia . G E O R G E H . B U R F O R D , P r e s id e n t, Loeb & Gatzert, MORTGAGE BANKERS, 195 LA SALLE ST R E E T , CHICAGO. F ir s t M o rtg ag e s fo r sa le in la rg e a n d sm all a m o u n ts n e ttin g in v e sto rs 6, a n d 6 p e r c e n t, se c u re d by im p ro v ed a n d in c o m e-b ea rin g C hicago c ity p ro p erty . P r i n c ip a l a n d I n t e r e s t p a y a b le In G o ld . C O R R E S P O N D E N C E S O L IC IT E D . 6% and 7% Cold Morto’ao’es. I n te r e s t A llo w ed fro m D a te o f R e c e ip t o f M oney E. S. DREYER & CO., M o rtg a g e B a n k e r s , - C H IC A G O , I L L F ir s t M o rtg ag e L o a n s o n Im p ro v e d P r o d u c tiv e R eal E s ta te C e n tra lly L o c a te d . 80 Y e a r s B u s in e s s W i t h o u t L o s s t o I n v e s t o r s . A d d re s s a ll co m m u n ic a tio n s to E a s te r n Office 0. P . F R A L E IG H ....................... .....S e c r e t a r y A. W H E E L W R IG H T ................... A s s is ta n t S eo retarv WM. T . ST A N D B N ......... ................................... A c tu a ry A R T H U R C. P E R R Y ............................................ C ash ie r JOH N P . M U N N ...................................M edical D irector* F IN A N C E C O M M ITT EE. GEO. G. W IL L IA M S ............... P r e s . C h em . N a t, B a n k JO H N J . T U C K E R ..................................................B u ild e r . H . P E R K IN S , J r ., P r e s . Im p . & T r a d e r s ’ N a t. B ’k T h e tw o m o s t p o p u la r p la n s o f L I F E IN SU R A N C E a re t h e C O N T IN U A B L E T E R M P O L IC Y w biob gives 1 1 t h e in s u re d th e g r e a te s t p o ssib le a m o u n t o f In d em n ity in t h e e v e n t o f d e a th , a t th e lo w est p o ssi. ble p r e s e n t ca sh o u tlay ; a n d th e G U A R A N T E E D tNCOMB P O L IC Y w h ich em b ra c e s e v e ry v alu ab le featurs: o f In v e s tm e n t in su ran ces an d w h ich in th e s v e n t o f a d v e rs ity o v e rta k in g t h e in s u re d m a y b e used as C O L L A T E R A L S E C U R IT Y F O R A LO A N, to th e e x t e n t o f th e f u ll le g al r e s e r v e v a lu e th e r e o f ' In a c c o rd an ce w ith t h e te r m s a n d co n d itio n s o f the*# policies. G ood A g en ts * « strin g t o re p r e s e n t th e Com nan-» a r e In v ited to a d d re s s t h e P r e s id e n t a t H o m e Office 8 A a to r B a ild ln g , 9 P in e S t r e e t , N ew Y o r k BONDS n A kl r \ O Y IE L D IN G TO 6% AN IN C O M E OF CITY, MASON, LEWIS & CO., Bankers COUNTY 171 LASALLE STREET, SCHOOL s e n d f o r l is t s . CHICAGO. The Mutual Benefit AM Z I DOD D , P r e s id e n t. & CO. , 154 La Salle Street, • Chicago, 111. A sse ts (M a rk e t V a lu e s) J a n . 1 ,1 8 9 4........... 853,346,092 L ia b ilitie s (N. Y. a n d M ass.» S tan d ard ). . . . 49,742,302 S u rp lu s ................................................................... 8,603,790 S u rp lu s, by fo rm e r N. Y. S ta n d a rd , (A m . Ex. p e r c e n t R e s e r v e ) ............................ 6,385,707 A . O. S L A U G H T E R , M em b er N . Y . S to ck E x c h a n g e W M . V. B A K E R , M em b er C hicago S to ck E x c h a n g e PO LIC IE S ABSOLUTELY N O N -FO RFEITA BLE AFTER SECOND Y EAR. A. O. Slaughter & Co., I n C ase o f L a p se t h e P o lic y is c o n t i n u e d i n f o r c e a s lo n g a s Its v a lu e w ill p ay f o r ; o r if p re fe rre d , a P a id -u p policy f o r its fu ll v a lu e is is s u e d in e x c h a n g e . A f te r t h e seco n d y e a r P o lic ies a r e i n c o n t e s t COMMERCIAL PAPER, BA N K E R S, 1 1 6 -1 1 7 L A S A L L E S T R E E T , CHICAGO, ILLS. C M eac« S e c u r itie s B e n g h t u n d S e id , 1894. 5usi ness t Furniture. I Î Filing Office V Desks Cabinets F i x t u r e s a n d S p e c ia l W o r k t o o r d e r . £ • THE GLOBE C O . . S Ä » , r.I L I F E IN S U R A N C E C O ., N E W A R K , N. J SUCCESSO RS TO H E R MA N 1850. The United States Life Insurance Co. able, a n d a ll r e s tr ic tio n s a s to resid en ce, tr a v e l or o c c u p a tio n a r e rem o ved .' C a s h l o a n s a r e m a d e t o t h e e x t e n t o f 50 p e r c e n t o f t h e re s e r v e v a lu e , w h e re v a lid a s s ig n m e n ts o f t h e policies c a n b e m a d e a s c o lla te r a l s e c u rity . L o s s e s p aid im m e d ia te ly wpon co m p letio n s n d approve} o f proofs- SECURE BANK VAULTS. GENUINE WELDED CHROME STEEL AND IRON n R o u n d a n d F la t B ars a n d 5-plv P la te s a n d A n g i- s F O R S A F E S , V A U L T S , Ac. C a n n o t b e S aw ed Cut, o r D rilled , a n d positively B u rg la r-P ro o f. C H K t ifHS S T E E L W O R K S , Spie Döan’f’ers te the W «&. BROOK LYN • M« THE CHRONICLE. 88 [Voi», ine. Qxvist Œtfmpatxijes. Union Trust Company United States Trust Co. OF NEW YORK. 80 Broadway, New York. - - ........................$ 1 , 0 0 0 ,0 0 0 SURPLUS - - - - - - $4,600,000 c a p it a l Authorized to act as Executor, Administrator, Guardian, Receiver or Trustee, and is A LEGAL DEPOSITORY FOR MONEY. Acts as Trustee of mortgages of corporations, and accepts the transfer agency and registry of stocks. Allows interest on deposits, which may be made at anytime, and withdrawn on five days’ notice, with Interest for the whole time they remain with the oompany. For the convenience of depositors this company also opens current accounts subject, in accordance with its rules, to check at sight, and allows interest upon the resulting daily balances. Such checks pass ___ through the Clearing House. Attends specially to the MANAGEMENT OF BEAL ESTATE and to the collection and remit tance of rents. It makes ample provision in its NEW BURGLAR AND FIRE PROOF VAULTS for the safe keeping of securities placed in its cus tody, on which it collects and remits income. TRUSTEES* Wtn. Whttewright, H. Van Rennsl’r Kennedy* R. T. Wilson, James H. Ogilvie, Wm. F. Russell, James T. Woodward, C. D. Wood, C. Vanderbilt, James N. Platt, G. G. Williams, D. C. Hays, R. G. Remsen, Wm. Alex. Duer, Amasa J. Parker, Charles H. Leland, Samuel F. Barger, Edward King, Robert Goelet, H. B. Wesley, W. Emlen Roosevelt, iv. H. McAlpin, Chauncy M. Depew. Goorge B. Carbartl EXECUTIVE COMMITTEE Wm. Wbitewright, E. B. Wesley, D. O. Hays, C. D. Wood, Wm. A. Duer, James T. Woodward, G. G. Williams W. Emlen Roosevelt. EDWARD KING, President. CORNET,TUB D. WOOD,) VIea.PregldentB JAMES H. OGILVIE, i vice ^residents. AUGUSTUS W. KELLEY, Secretary. J. V. R. THAYER Assistant Secretary. ManhattanTrustCompany. C A P IT A L ..................................$ 1 ,0 0 0 ,0 0 0 . CORNER OF WALL &NASSAU STREETS. A L e g a l D e p o s ito ry f o r C o a r t a n d T r u s t F u n d s a n d G e n e r a l D e p o s its . L ib e r a l R a te s o f I n t e r e s t p a id on B a la n c e s , John I. Waterbary, President. John Kean, Jr., Vice-Pres. Amos T. French, 2d V-Pres, Chas. H. Smith, Sec’y. W.Pierson Hamilton,Treas. Directors 1-94: August Belmont, John Kean, Jr., H. W. Cannon, John Howard Latham. R. J. Cross, John G. Moore, Rudulph Ellis. E. D. Randolph, John R. Ford, James O. Sheldon, Amos T. French, Edward Tuck, John N. A .Griswold. John I. Waterbary, H. L. Higginson, R. T. Wilson. Mississippi Valley Trust Company, C A P IT A L A N D S U R P L U S , TEN MILLION DOLLARS. This oompany Is a legal depository for money» paid Into court, and Is authorised to act as guardian, trustee or executor. INTEREST ALLOWED ON DEPOSITS which may be made at any time and withdrawn after five days’ notice, and will be entitled to interest for the whole time they may remain with the oompany. Executors, Administrators or Trustees of Estates, Religious and Benevolent Institutions and indi viduals will find this Company a convenient de pository for money. JOHN A. STEWART, President. GEORGE BLISS, Vice-President. JAMBS S. CLARK .Second Vioe-Pres’t. HENRY L. THORNELL, Seoretarv. LOUIS G. HAMPTON. Assistant Secretary. TRU57U/S; Wm.H, Macy,Jr„ Daniel D. Lord, George Bliss, Wm, D. Sloane, Wm. Ltbbey, Samuel Sloan. D. Willis James, John C. Brown, G. H. Schwab, Edward Cooper, Frank Lyman, John A. Stewart, W. B’v’d Outf'-D Geo. F. Vletor, Jno. H. Rhoades, Anson P. Stokes, Wm,Bockefeller, W.Wald. Astor, James Stillman. Chas. 8. Smith, ■-.lex. ¥ «'it, John Claflin, Indem nity C o., 5 9 T O 6 5 C E D A R S T R E E T , N. Y . M u tu a l L if e B u ild in g . CAPITAL, - - $3,000,000 SURPLUS, - - $1,000,000 In addition to its special charter privileges, this Company possesses all the powers of Trust Compa nies under the New York Banking Laws; acts as Trustee for Corporations, firms, and individuals, as Executor or Administrator of estates; and Is a legs! depository of trust funds. INTEREST ALLOWED ON DEPOSITS, WALTER G. OAKMAN, President. ADRIAN ISELIN. J r* Vice-President. GEORGE R. TURNBULL, 2d Vice-President. HENRY A MURRAY, Treas. and Sec. J. NELSON BORLAND, Assist. Treas. and Sea DIRECTORS. Samuel D. Babcock, Augustus D. JuilBarO. George F. Baker, James K. Jarvie, Frederic Cromwell, Richard A McCurdy, Walter R. Gillette, Walter G. Oakman. Robert Goelet, Alexander E. Orr, George Griswold Haven, Henry H. Rogers, Oliver Harriman, Henry W. Smith, R. Somers Hayes, H. McK. Twombly. Charles R. Henderson, Frederick W. Vanderbm, ipfliin, Jr,, William C. Whitney, J. Hood Wright. C a p ita l a n d S u r p l u s ................... $ 3 ,0 0 0 ,0 0 0 UNDER 8TATE SUPERVISION. A GENERAL TRUST COMPANY BUSINESS. Allows Interest on Deposits. ' Autborized to act as Executor, Guardian.Receiver. Trustee. &c. Manages Estates. Collects Rents. Becomes Surety on all kinds of Court Bonds. ffiBas Safety Deposit Vaults; a Savings Department. INVESTMENT SECURITIES A SPECIALTY. DIRECTORS. Charles Clark, Geo. H. Goddard, Thos. T. Turner, John D. Perry James Campbell, Wm.F.Nolker, J.T.Drummond, AugustGehner, j . O’Reilly. M.D., 8. E. Hoffman, Julius 8, Walsh, Stm.M.Kennard, D. W. Caruth, Williamson Racon Aug. B. Ewing. Thos. F. Tutt, Breckinridge Jones Elmer B. Adams, David R.Francis, Henry Hitchcock. OFFICERS. ortpgc djjomptg, 5 9 C E D A R S T ., N E W Y O R K . C A P IT A L - $ 2 ,0 0 0 ,0 0 0 SURPLU S 6 0 0 ,0 0 0 T r a n s a c t s a G e n e r a l T r a s t B u s in e s s . A llo w s i n t e r e s t on D e p o s its . L o a n s m o n ey o n B o n d a n d M o rtg a g e . I s s u e s F i r s t M o r tg a g e T r u s t G o ld B o n d s. T a k e s e n tire c h a rg e o f R e a l E s ta te . A c ts a s T r u s te e , R e g i s t r a r , T r a n s f e r A g t, P a y s C o u p o n s. E x e c u te s a l l T r u s t s . George W. Young, President J.uther Kountze, V.Pres. James Timpson,2d V.Pres, Arthur Turnbull. Treas. W1111amP. Elliott Sec. Clark Williams, Ass't Sec’y &Treas. EXECUTIVE COMMITTEE. J u l i u s s. W a l s h , P r e s i d e n t . Charles D. Dickey, Jr. Gustav E. Kissel, DAv i p R. F r a n c is . 1 st Vice-President. Theodore A Havemeyer, Luther Kountze, Breckinridge J ones, 2d Vice-Prest. Charles R. Henderson, James Timpson, Richard A. McCurdy. De Lacy C h a n d l e r Secretary DIRECTORS. Samuel D. Babcock, William Babcock, s. Frisco, Charlton T. Lewis, Charles D. Dickey, Jr., Lewis May, William P. Dixon, Theodore Morford, Robert A. Granniss, Richard A. McCurdy, C O R N E R 4 t h A N D L O C U S T S T R E E T S , Theo. A. Havemeyer, Robert Olyphant Charles R. Henderson, Edwin Packard, rSt. Louis, Mo. James J. Hill, St Paul, William W. Richards, Gardiner G. Hubbard, • Jas. W Seymour, Jr, C a p it a l a n d S u r p lu s , • $ 3 ,0 0 0 ,0 0 Gustav E. Kissel, James Timpson. Luther Kountze, _____ George W. Young. D IR E C T O R S i John T. Davis, Alvah Mansur, Daniel Catlln, Edward S. Bowse. T he A m erican D ebenture Co. Sam’l W. Fordyce, Jno. A. Scudder, Adolphus Busch, Kdwnrd C. Simmons, 463 ROOKERY, CHICAGO, Henry C. Haarstick, Edwin O. Stanar •, 48 THRBADNBEDLE 8T„ LONDON. Wm. L. II use, J. C, Van Blarcom, Chas. D. McLura, Edwards Whitaker, $ 2 , 0 0 0 ,0 0 0 C A P IT A L P A ID U P, THOS. H. WEST, President. Issues Debenture Bonds secured by bonds of Mu JOHN D. FILLET, Secretary. nicipalities. Water, Gas and Railway Companies. A. C. STEWART, Counsel, Executes trusts from individuals and corpoortions. Acts as agent for the registration and trans Executes Trusts of every description* Acta si fer of bonds and stooks ana th* payment of Reglst&r Transfer Agent, eta fooupons interest awd^dlYideads, St. Louis Trust Co., AND t r u s t c o m p a n y , BOSTON, BASS. CAPITAL, SURPLUS, - - $1,000,000 500,000 A legal depository of moneys paid Into Court and for Administrators, Executors, Guardians and Trustees INTEREST ALLOWED ON DEPOSITS. Trustees under Mortgages, Transfer Agents and Registrars of Stock. BOARD OF DIRECTORS. John Q. Adams, David P. Kimball, Oliver Ames, George C. Lord, Edwin F. Atkins, S. E. Peabody, Isaac T. Burr, Albert A. Pope, Samuel Carr, Alexander H. Rioe Benjamin P. Cheney, N. W. Rice. F. Gordon Dexter, R. B. Robbins, Henry D. Hyde, W. B. Thomas. S. BNDICOTT PEABODY, President N. W. JORDAN, Actuary. B. A. COFFIN, Treasurer. OLD COLONY N ew York Guaranty & TR U ST COM PANY. 308 N. 4th Street, St. Louis, Mo. $ 6 0 ,0 0 0 d e p o s ite d w ith S t a t e O fficer to p r o te c t t r u s t l i a b i l i t i e s . AM ER IC A N LO AN 45 and 47 Wall Street. BOSTON, BASS. C a p ita l, • $ 1 , 0 0 0 , 0 0 0 OO S u rp lu s , 5 0 0 ,0 0 0 0 0 T r a n s a c t s a G e n e r a l B a n k in g B u sin ess* ALLOWS INTER EST ON DATLT BALANCES SUBJECT TO CHECK. TRUSTEE U N D ER MORTGAGES. TRA N SFER A G D T REG ISTRA R. BOARD OF DIRECT0R& T. Jefferson Coolidge, Jr., President. Oliver Ames, 2d, C. W. Amory, Martin Brimmer, T. Jefferson Coolidge, Chas. E. Cottlng, George F. Fabyan, George P. Gardner, Francis L. Higginson, Henry S. Howe, Walter Hunneweli, William P. Mason, George v. L. Meyer, Laurence Minot, Richard Olney, Henry R. Reed, Nathaniel Thayer. Stephen M. Weld, Henry C. Weston. T. J efferson Coolidge, J r., President. Geo. P. Gardner , Gordon A bbott, viœ-PresH». C. 8, T uckerman , Vice-Pres, a n d Treas. B. A . P h i p f e n , Secretary a n d A ss't Treas. J oseph G. Stearns Ass't Secretary N ew York Security & Trust Co., 46 W A LL STR EET, NEW Y O R K . ( a r t t a l , $ 1 ,0 0 0 ,0 0 0 I S u rp lu s , $ 1 ,0 0 0 ,0 0 0 CHARLES S. FAIRCHILD, President. WM. L. STRONG, 1st Vice-Pres. JOHN L; LAVxSON, 2dVice-Pres. ABRAM M. HYATT, Secretary. ZELAH VAN LOAN, Asst. Secretary. Authorized to act as executor, trustee, administra tor, guardian, agent and receiver. Receives deposits subject to sight drafts, allowing interest. A legal depositary for court and trust funds' A designated depositary for the reserve of Statf oanks. Accounts of banks and bankers solicited special rates of interest allowed. TRU8TEES. James A. Blair, C. 8. Fairchild, Edward Uhl W. H. Appleton, M. C. l>. Borden, j . u . jaoC auougE Wm. L. Strong, B. Aymar Sands, H. Hoagland, J. W. Sterling, W. F. Buckley, James J. Hill, H.Walter Webb. E. N. Gibbs, 4. G. Nelson, John A. McCall Wm. A. Booth, F. R. Coudert, James Stillman, Knickerbocker Trust Company, ¿34 F IF T H A V E„ CO R . 27T H S T R E E T , Branch office, 6 6 B r o a d w a y a n d 1 9 N ew S tre e t. C A P IT A L AND S U R P L U S , - $ 1 ,0 0 0 ,0 0 6 DESIGNATED LEGAL DEPOSITORY. Acts as Executor or Administrator of Estates and *s Guardian, Receiver, Registrar, Transfer and financial Agent for States, Cities, Towns Railroads tnd other corporations. M o n e y L o a n e d o n B o n d a n d M o r tg a g e . ROBERT MACLAY, Acting President. CHARLES T. BARNEY, Vice r re s dent. JOSEPH T. BROWN, 2d Vice-President) jt'RED’K L. BLDBlUGE, secretary. J. H E * KY • - vu n b e n d . Assist. Secy D IR E C T O R S : ^ ioseph 8. Auerbach, A Ifred L. White, Harry B. Hollins, B. V. Loew, facob Hays, Henry F. Dimock, Charles T. Barney, John P . Townsend 4. Foster Higgins, Charles F. Watson, Etobert G. Remsen, David H. King, J r , Henry W. T. Mali, Frederick G. Bourne, Andrew H. Sands, Robert Maclay, lames H. BresUn, C. Lawrence Perkin», Gen. George J. Magee, Wm. H. Beadlsston* I L Townsend Burden, Chas, R, Flint*.
@FedFRASER