Full text of Commercial and Financial Chronicle : July 28, 1894, Vol. 59, No. 1518

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H fW iS jrtriif,
REPRESENTING- TH E INDUSTRIAL AND COMMERCIAL INTERESTS OP TH E U N ITED STATES
[Entered according to Aot of Congress, in tlie year 1894, by tbe William B. D ana Company , in the office of th e Librarian of Congress.]

VOL. 59.

SATUBDAY, JULY 28.1894.

3 h e

W eek E n d in g J u ly 13.

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Sale* o f—
(Stock*............... shares.)
(G ra in .............. bushels.)

1893.
P . Ceni
$
549,735,559

<707,788)
(24,603,725)

(1,530,582
(26,320,125

New B e d fo rd .....................
T o ta l N ew E n g l a n d ...

75,543,871
5,257.630
2,849,381
1,478,431
1,142,251
1,357,962
1,214,593
665,834
557,216
414,145
89,981,314

85,333.321
6.088 900
2,360,278
1,699.824
1,355,649
1.394 3 In
1,218,645
667,631
747,296
441,925
101,337,780

58,448,626
13,386,055
18.651.190
4,036.470
1.548,268
1,263.421
861,796
756,474
332,100
715,106
94,284,403

67,050,278
13,194,044
13.556 882
7.743.6Ì7
1,585.759
1,516 861
1,044,031
950,076
322,201
106,963,748

72,244,411
13,251,700
4,089,479
5,376,540
4,609,433
2,853,000
2.236,208
1,362,552
715,000
413,693
286,186
256.989
196,746
164,519
147.862
108,204,218
11,346,90z
856,074
900,000
468,090
480,672
645,423
607.639
219,85b
116,504
150,630
15,541,162

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P e o r ia ............

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

CLEARIN G H OU SE R E T U R N S .
The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, July 28, have been
$762,955,208, against $801,551,503 last week and $909,587,146
the corresponding week of last year.
W eek E n d in g J u ly 28.
1894.

1893 .

S io u x F a lls .........................

$32 6 ,6 3 4 ,1 4 0
55,679,580
44,894,778
9,941,775
62,932,281
16,153,860
4,91 1 ,0 5 5

$4 5 1 ,9 3 8 ,1 4 1
6 6 ,4 0 3 ,4 5 8
47 ,9 0 0 ,2 2 7
10,900,344
61,45 3 ,2 9 0
1 3 ,2 5 2 ,2 0 9
4,8 9 9 ,4 8 5

-2 7 -7
-1 6 * 1
- 6*3
- 8-8
+ 2-4
+ 2 1 -9
+ 0*2

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

$ 5 2 1 ,147,469
110,894,278

$3 5 6 ,7 4 7 ,1 5 4
100,94 8 ,9 2 7

-2 0 * 6
+ 9*9

Total all cities, 5 d ays....
A ll cities, 1 day . . . . . . . . . . . . . . .

$632,041,747
130,913,461

$757 ,6 9 6 ,0 8 1
151,89 1 ,0 3 5

-1 6 * 6
-1 3 * 8

Total all cities for week..

$762,955,208

$909 ,5 8 7 ,1 4 6

T o ta l M id d le W e s te r n .

P e r Cent.

N ew York...............................
B o sto n ...............................
P h ila d e lp h ia ............ . . . . .
Baltimore.......................... .
C h ica g o ...... . . . . . . . . . . . . . . . . .
St. L o u is ....... . . . . . . . . . . . . . .
N ew O rleans. . . . . . . . . . . . . . . . .

-1 6 * 1

F r e m o n t..............................
T o ta l O th e r W e s te r n ..

1894.
$

P . C ent »
—20*0

(-53*8)
(731.301) (-43*6)
(-0*5) (21,161,500) (+105-6)
83,832 828

-0 - 3
—254
—6 3
-1 1 2

2,776.032
1,775.259
1.283.056
1,329,412
1,295,781
772,019
672,097
445,623
98,914,907

—3*4
—23*4
+ 1-8
—1 2 7
—13-8
-9 -3
—3*6
4 S ‘l
—10 6
—1 7 2
—9*1
+6*2
+8 8
—48 8
+2 4
—16-3
—15 1
—13 7
+13-9

-11*9

58,438,327
13,890,556
18,509,898
4,451,125
1,818,273
1,408,617
8'4,878
807,481
388,700
659,960
97,547,855

78,610,226
11,530,700
4,802,732
5.497,535
5,540,126
2,875,600
1,269,900
1,512,811
787,857
255,203
386 24o
276,710
225,000
172,437
175,618
113,916,933

-8 1
+ 14 9
—11-9
—2 2
—10 8
-0 8
+ 56 1
—9 9
—9'2
+62*1
—25 9
—7*1
—12*6
—4*6
—15*8
-5*0

72,350,148
15,108,000
4,267,914
5,518.616
5.158.289
3,339.600
2,342.775
1.365,814
803,024
501,219
290,180
321,689
248,149
143,211
156,618
111,915,276

—13-7
+34*5
—2 0 1
+ 0-6
-8 * 1
+13*2
+67*0
—1 8 0
—12-8
+44*9
—27*3
+ 9 '2
—3 0
—17*8
—1*1
—6*8

10,692.434
1,270,979
800,000
574.598
387.187
706 931
647.1.V7
220.417
140,941

+61
—32 6
+12 5
—18*5
+24-1
-8 .
-2 1 5
-0 3
-1 7 3

—24*8
—25*8
+ ifj
—33"!
—y 2
+24 0
—21*5
—19‘6
—9*0

+9*6
—9*0
—13 8
-2 1 8
-2 5 0
+17*7
—11*9
+1*6
+22*4
—22*8

—47*9
—2 4
-1 6 7
—17 5
+3 1

15,440,624

+0*7

9.821.421
941,833
937,277
431,098
462,336
723,605
640,743
209,808
127,204
98,661
14,195,325

4,335,772
4.842.513
5,049,061
3,893,489
1,420 445
1,731,587
1,825,000
435.785
782,021
509,552
462,163
328,727
73,000

+88 8
—161
-1 4 8
-8 7
+59 6
+43 2
—26 2
+27 2
+82 9
-9 0
—37*4
+17*3
+12 1

9.311,993
4.890.252
4.920,054
3,379,562
2.451,501
2.148,496
1.620,141
541.159
1.040,000
379,143
266,221
327,0o9
93,423

8,187,911
4,074,361
4.303,581
3.556,09i
2,266,534
2,479,008
1.347,160
554,392
1,039,171
463,472
289,213
385,614
81,844
62,900
29.029,254

25,669,115

19,436,589
6.509,753
6.425,199
1.738,475
1.635,107
2,803,073
1,234,475
1.554,398
687,616
788,157
885.920
875,227
600,000
450,000
264.371
329,760
172,579
45,770,699

18.374.737
6.698,142
4.779,903
1,826.980
1,298,741
2,356,853
1,156,426
674,144
792.973
942,993
984,517
704,652
285,011
320,000
259.449
304,743
251,702
41,997,971

+ 5 '8
-2 8
+34 3
-5 9
+26 9
—2 3
+6-7
+130*6
-1 3 3
—164
-1 0 0
+242
+75 4
+40-6
+ 1-9
+ 8 '2
—31*4
+9 0

955,065.730
405,330,171

The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank 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.
We give below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur­
day noon, July 21, as well as the comparative totals in 1893.
Compared with the preceding week, the aggregate exchanges
801,551,503
show a decrease of fifty-one and a-half millions of dollars, the T o t a l a l l .......................... 382,811,uoO
O
u
ts
id
e
N
ew
Y
o
r
k
....
loss at New York being thirty millions. Twenty-six of
the cities record gains over the corresponding week of 1893,
12,252,665
but in the total for the whole country there is a decline of 16’1
6.501,064
1.223,435
per cent. The most important gains are at Memphis, 130*6
606,921
per c e n t; Kansas City, 88'8 ; Peoria, 76*1; Waco, 75*4 ; Lex- W in n ip eg .* .........................
ingtoD^62*l, and Denver, 59 6 per cent. The heaviest losses
19,589,085
have been at Buffalo, 47'9 per c e n t; Wichita, 37*4 ; Portland,
Oregon, 32*6, and Chattanooga, 31*4 per cent.
t *N ot in c lu d e d in to ta ls .




Week E n d 'g J u ly 14.

1804.
$
418,740,453

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 Twelve M onths (52 “ ) .. 58 00
(The above term s for one m onth and upward are for standing cards.)

Cl e a r i n g s .
R e tu rn » by Telegraph.

NO. 1518.

—8 0

- 2 0 -9

+2*2
+38-0

+ 1 3 1 — 81,399,034

-6 * 6

21.768,433
6.4 L6.725
7,128.689
1.821,882
1.719,644
2,827,900
1,356,529
1.356,968
972,476
363,633
983,140
815,103
Ò li,178
715,000
291,118
430,464
204,628
50,185,510

+1*6
+2 9
+16 9
+3*1
+32-2
+9*2
+19*7
+62*4
4-2*2
—3 3
+ 4 -8
+90*0
+91*4
4-0-3
+18*9
—18*4
+ 7 -a

-1 6 -1

852.934,628

—13*8

—
-ò 5

404,157,907

-5 * 7

11,497,221
5,790,350
1,160.110
778,126

+6 6
-5 0
+5*9
—226

10.797,136
6,314,380
1.423.307
602,219

-6 * 9
+17*5
+5*4
—¿1 2k

19,226,107

+19

19,137,342

-3 9

132

THE CHRONICLE.

TH E F IN A N C IA L SITU ATIO N .
The events and disclosures of this week have not
tended to encourage the hopes recently entertained of
an immediate favorable turn in industrial affairs. I n ­
deed on some days it looked, as if the end to tariff
legislation and its disturbing effects was about as far
off as it was a ' month ago, though as the week closes
the outlook is much more promising, the general idea
being that the bill, which has now got back to the Confer­
ence Committee, has a good chance of survival in some
shape. The change in prospects that occurred last
Friday and was more fully developed on Saturday and
subsequent days, was due to the excitement and ex­
treme irritability exhibited, and to the intemperate
speeches made in the Senate by a few members of that
body following the publication of President Cleveland's
letter to Chairman Wilson of the Ways and Means
Committee referred to by us a- week ago. Such a
heated condition of feeling in any legislative body
growing out apparently of insufficent reasons is quite
apt to cool under a discussion like that which has been
in progress. Just this has happened in the present
case, and as the majority in both Houses profess to
want the bill passed, a way will most likely be found
for reaching that end, either by adjusting differences or
by acquiescence in what cannot be changed.
Congress probably understands how intense the pub­
lic wish is to have this disturbing subject out of the
way. We referred to that feeling last week and would
not speak of it again only some over-ardent friends of
tariff reform urge the House to •spend the summer
over this contest if they cannot otherwise secure the
end they desire. Our industries cannot bear that
strain. Besides, there is no need for such a sacrifice,
whatever view one may hold with reference to tariff
legislation. The stand on the question at issue which
the House took originally in the bill it passed, which
it has again taken in the conference held, and
which it now has once more proclaimed on the reap­
pointment of its Conference Committee, have together
placed the views of the majority of the House before
the country in an unmistakable form whatever
be the character of the bill in the final result
reached. In addition to all that, Mr. Cleveland's
letter and the episode in the Senate this week
have sharply defined the relative positions of the two
legislative bodies, and have relieved the members of the
Lower House from the reproach, if there be any re­
proach, arising from an assent to certain portions of
the Senate bill to which the House has so persistently
objected. Yielding now is only yielding to compulsion
for the sake of relieving the industries of the country
from the paralysis that prevails and which cannot be
relieved so long as this tariff discussion goes on.
Another affair, very different in character, and of
which the public was notified early in the week, has
added materially to the prevailing disquietude. We
refer to the revelations with reference to the Atchison
income accounts. Ho announcement within any re­
cent date has seemed so incredible as the brief notifi­
cation that for the last four years the income of
the system has been over-stated in the aggregate
amount of seven million dollars. Investors are
largely interested in that property and it is
hardly necessary to say that they have taken the
company's Securities, relying fully upon the accuracy of
the^earnings reported. To have a strongly supported
suspicion now thrown upon the record that has been kept




[VOL, L1X.

and published from month to month and from year to year
ever since the reorganization could not fail to be pro­
foundly disturbing. We have written upon the subject in
a subsequent article, and would only say here that if the
charge is found on further investigation to be true,
strangest of all will be the fact that any management
could be willing to live in such a fool's paradise, with
little more than the turn of a hand between honor and dis­
honor. Misrepresentations constantly repeated during
a period of such length by officials in high repute, the
untruth of which was certain to be detected some time,
is so unparallelled a condition that it seems as if an
explanation of some sort must be disclosed when Mr.
Little's examination is completed.
Within the last few days reports have been current
on the Street that the Secretary of the Treasury con­
templated a new issue of bonds for the purpose of re­
plenishing the gold reserve. These reports we are as­
sured have no foundation. They may be based upon a
remark said to have been made by Senator Gorman
that unless the tariff bill should be passed there would
have to be a new issue of bonds, and also upon the fact
that the withdrawals of gold for shipment to Europe
this week will reduce the net^gold in the Treasury to a
low point. This latter fact, however, is no longer of
the importance it was before the Government revenue
had increased so materially. Then again there is
nothing in the tone of the market for bonds to indi­
cate that a new issue of Government securities is ex­
pected ; indeed the price of the 5 per cents is very firm,
which could hardly be the case if dealers felt that they
had reason to look for an additional issue. Moreover,
with the prospect of an early ending of the suspense
over the tariff and an expected revival of business, it is
hardly credible that the Administration would deem it
wise to complicate the situation by issuing bonds under
the resumption act.
About the only feature of interest jaffecting the
money market is the extremely conservative course pur­
sued by some of our banks whose deposit line has of late
considerably increased, especially through deposits by
their largest city customers. Attention has been called
the last two weeks to the fact that the trust companies
were out of the market for time money and for com­
mercial paper, for the reason that early in the month
they were disbursing interest and dividends, and more
recently they have been meeting large drafts from mer­
chants who, having kept their money with the trust
companies for the small interest they received, were
now withdrawing these balances for use in their busi­
ness. This withdrawal of money by merchants seems this
week to have extended to those of the associated banks
in which a few depositors have in the aggregate large
sums of money. There is therefore a feeling among
bank officers that their cash should be well held for
employment in business, which is improving now, and
is likely further to be stimulated on the ending of sus­
pense over the tariff. Some of them say they are look­
ing forward to a decided improvement in rates before
the fall months close.
There is no change in the market for money, and
really none can be expected until conditions materially
improve and employment is given to the vast accumu­
lations at this center. Money on call, representing
bankers' balances, loans uniformly at 1 per cent at the
Stock Exchange, at the banks and at the trust com­
panies, though loans with the latter which stand undis­
turbed are sometimes made at 1|- per cent. There i
only a small demand for time loans. Brokers repre

J uly 28, 1894.]

THE CHRONICLE.

133

senting bankers, domestic as well as foreigD, and insti­- and
Friday it was announced that Lazard
tutions other than city banks and trust companies, aree Freres, Heidelbach, Ickelheimer & Co. and Ladendaily seeking to place contracts, even offering some­- burg, Thalmann & Co. would ship $4,800,000 to-day,
what extraordinary inducements as to collateral] and1 making the exports for the week $5,300,000. The
yet they do not succeed in making many engagements.. market, which had closed firm each day until ThursLenders no longer stipulate for really first-class security,, day, became a little easier on that day, the demand
except in a few instances among the foreign bankers,, having been partially satisfied by the shipments of the
and even those do not refuse loans on good Stock Ex­- metal, and it was then stated that further exports
change security with a fair assortment of Sugar. Ini for the week would depend upon the urgency of the
other cases a first-class dividend-paying stock will1 inquiry for Saturday's steamer. One fact may be
form the basis of the loan, while in the3 regarded as of some importance in this connection, and
remainder will be found only fairly active stocks orr that is, that the gold coin which is being supplied at the
low-priced bonds. Quotations on ordinary to goodl Sub-Treasury for export is of little better weight than
collateral are 1 per cent for thirty and 1£ per cent fori* that heretofore sent, and it results in more satisfactory
sixty days, 2 per cent for ninety days to four months,, returns when melted. The following table shows the
2 \ per cent for five and 3 per cent for six to eightt daily changes in exchange by leading drawers.
months. There[is a good supply of commercial paper and
F ri..
M on.,
T u e s„
W ed..
T h u rs ..
F ri..
J u ly 20. J u ly 23. J u ly 24. J u ly 25. J u ly 26. J u ly 27
it gives promise of increasing, for there are some branches B row n B r o s .... {60 d a y s .. 8 7 « 88
88
88
88
88
\ S ig h t...... 89
89«
89«
89«
89«
89«
of business which are fairly active; in those departments B aring,
(6 0 d a y s .. 88
88
88
88
88
88
M ag o u n & Co. (S ig h t..# .. 89
89
89
89
89
80
of trade when merchants use up the money they have B an k B ritis h (6 0 d a y s .. 88
88
88
88
88
88
N o. A m erica.. ( S ig h t..... 89
89
89
89
89
89
kept comparatively idle since the spring they will B an k of
{60 d a y s .. 88
88
88
88
88
88
M o n trea l........ 1S ig h t...... 89
89
89
89
89
89
borrow freely for the later season's business. The C an a d ian B an k {60 d a y s .. 88
88
88
88
88
88
m erce. ( S ig h t....... 89
89
89«
89«
89«
89«
inquiry is chiefly confined to out of town, local banks H oeidf Ceibomach
.Ick - {60 d a y s .. 88
88
88
88
88
88
89
89
89
89
89
being out of the market. Eates are 3 per cent for sixty e lh e im e r & Co <S ig h t...... 89
87«
87«
87«
87«
87«
L a zard F re re s... [60 d a y s ., 8897 «
i S ig h t......
89
89
89
89
to ninety day bills receivable, 3^ to 3f per cent for four
89
M e rc h a n ts ’ B k. $ 60 d a y s .. 88
88
88
88
88
88
89
months commission house names, 4 to 4£ per cent for o f C a n a d a .... ( S ig h t...... . 89
89«
89«
89«
89«
prime and 4-J to 5-J per cent for good four to six months
The market closed firmer on Friday at 4 87£ to 4 88
single names.
for sixty-day and 4 89 to 4 89£ for sight. The rates
The Bank of England minimum remains unchanged for actual business were 4 87i to 4 87| for long, 4 8 8 |
at 2 per cent. There have been but few and unim­ to 4 88| for short, 4 88-g- to 4 88f for cable transfers,
portant changes in the open market rates for money at 4 86f to 4 87 for prime and 4 86£ to 4 8 6 | for docu­
London, Paris, Berlin and Frankfort, and the tone is mentary commercial bills.
on the whole firm. It is announced that the city of
The Pennsylvania Eailroad, in its statement for
Paris is about to borrow 117,000,000 francs—$23,400,- June, is again obliged to report very heavy losses in
000—but the foreign bankers insist that the movement earnings. The general strike of the coal miners, it
of gold to the Continent this week has nothing will be remembered, continued until June 18th, and in
whatever to do with this loan.
The cable some of the regions the men refused to obey the order
reports
discounts of sixty to
ninety day
to return to work on that day, and were still out at the
bank bills in London f of 1 per cent. The open close of the month. The coal traffic being one of the
market rate at Paris is If, and at Berlin and main items of freight on the Pennsylvania, the road
a t Frankfort it is also I f per cent. According to our suffered severely from that cause in June, the same as
special cable from London the Bank of England gained in the month preceding. In addition, towards the
£149,457 bullion during the week and held at the elose close of June there came the railroad strike, which
of the week £38,664,055. Our correspondent further greatly and generally interrupted traffic, though
advises us that the gain was due to receipts from the the most serious phase of that disturbance did not oc­
interior of Great Britain of £141,000, to imports of cur until July. Besides, comparison is with very fa ­
£96,000 (of which £83,000 was from Australia and vorable earnings last year, there having been a gain
£13,000 from India), and to exports of £88,000, of then of $189,627 in gross and of $266,482 in net on the
which £53,000 was to Sweden and £35,000 to other lines east of. Pittsburg and Erie, and a gain of $434,329
Continental points.
in gross and of $407,518 in net on the lines west
The market for foreign exchange has been dull and of Pittsburg and Erie, or together $623,956 gain
generally firm this week, influenced by the conditions in gross and $674,000 gain in net. The statement for
which prevailed last week, viz., a steady demand and the June, 1894, now submitted, shows a loss in gross earn­
absence of bills in sufficient volume to meet current re­ ings on the Eastern lines of $1,620,181 and a loss on
mittances. The inquiry has been increased this week the Western lines of $1,164,402, or together $2,784,583.
by the sale of fairly large blocks of Atchison and Union The company is enforcing most radical economies, and
Pacific bonds. The supply of bills has been almost in­ in June reduced expenses more than a million dollars on
significant.
As was the case last week, cotton the Eastern lines and more than half a million dollars
futures are held at figures so high as to be on the Western lines, or over 1^ million dollars combined.
unprofitable ; there have been few or no loan And yet even under these great reductions, owing to
bills drawn, for the reason that money cannot the tremendous losses in gross receipts there is a de­
be loaned to the least advantage here, and almost all crease of $605,073 in net earnings on the Eastern
sources of supply seem for the moment to be closed. system and a decrease of $653,351 on the Western
Consequently the demand has to be met with exports system, or over 1£ million dollars together. The
of gold. The fact that there was no steamer sailing losses, however, are somewhat smaller than for the
for the Continent during the middle of the week month immediately preceding—that is, for May we had
caused remittances to be delayed until Saturday, and $2,904,188 decrease in gross and $1,685,595 decrease
there was only $500,000 gold shipped on Tuesday, in net on the combined system, while for June the
and this by Barip
Magoun & Co. On Thursday decrease is $2,784,583 in gross and $1,258,424 in net.




13F

THE CHRONICLE.

[VOL.

L1X,

The following furnishes a comparison of the earnings Erie in the same month lost $488,262 in gross*
and $243,558 in net earnings.
The Northern
of the Eastern lines for a number of years.
Central, one of the Pennsylvania Riilroad lines operated
L in e s e a s t o f
1889.
1890.
1891.
1893.
1892.
1894.
separately, reports for June gross of $493,411, against
PITTSBUKG.
$653,105, and net of $137,975, against $227,588; th e
$
$
$
$
$
June.
$
G ross e a rn in g s ....... 4,162,281 5.782,462 5,592,835 5,440,655 5,172,004 3,931,020 Allegheny Valley, another Pennsylvania road operated
O p e ra t’g ex p e n se s. 3,337,447 4,352,565 4,429,410 4,083,099 4,114,919 3,164,111
766,879 separately, reports gross of $151,558, against $235,791r
824,834 1,429,907 1,163,425 1,357,556 1,057,085
N e t e a rn in g s ...
and net of $42,239, against $85,479. The Western
J a n . 1 to J u n e 30,
G ross e a rn in g s ....... 26,248,176 33,885,417 32,695,452 31,475,411 31,958,511 2 =*,004,238 Maryland has a small increase in both gross and net,,
19,593,765
22,982,260
22,467,326
O p e ra t’g e x p e n ses. 19,377,458 25,049,951 23,838,014
and the same is true of the San Francisco & North
N e t e a rn in g s ... 6,870,718 8,885,466 8,857,438 9,008,085 8,976,251 8,410,473
Eor the year to date—that is for the six months to Pacific. The Pittsburg Youngstown & Ashtabula has.
June 30—gross earnings, it will be observed, have fall­ gross of $92,101, against $188,830, and net of $20,242>
en off in the enormous sum of $7,637,241, and net against $88,567.
For the current weeks of July the returns are getting
earnings in amount of $1,964,748. In addition there
much
better. According to present indications thehas been a decrease of $4,636,366 in gros3 and of
exhibit
for the third week of the month will be the best
$1,734,844 in net on the Western lines. The combined
we
have
had for a long time—that i3, the percentageloss therefore for the six months has been $12,273,607
of
decrease
will be smaller than in any weekly return
in gross and $3,699,592 in net. As showing the econ­
omy in operations which has been enforced, it is only for some months. Only 36 roads have as yet furnished
necessary to say that expenses were reduced over 8£ returns for that week, so that our present figures are
merely preliminary; for these 36 roads the loss is only
million dollars in the six months.
The Chicago & North Western company has also 11*91 per cent. Not a few of the roads actually show
issued its June return, though the figures cover only larger earnings than a year ago—a new development. In
the gross earning3, it not being the practice of thi3 part the improved results doubtless are due to the fact
company to furnish monthly reports of net earnings. that traffic delayed in the first and second weeks by
As the figures are given out, they show gross receipts the railroad strike came forward in the later weeksof $2,440,044 for June .1894, against $2,912,244 for Some of the roads, too, are now beginning to compare
June 1893, being a decrease of $472,200. I t is im with diminished earnings last year. But whatever theportant to understand, however, that the results for the explanation, the significant, the encouraging fact is,
present year are based on 5,030 miles of road, while that the comparisons are now much better; and we ar&
those for last year are based on only 4,273 miles. The inclined to think, too, the improvement will continue.
company has changed the method of reporting the The change as compared with the two weeks preceding
earnings. Ever since the operations of the Milwaukee is of course very decided. We have again brought for­
Lake Shore & Western have been merged in those of the ward our statement for the first week of July, the Chi­
N orthw estern—that is, ever since last September—it cago Milwaukee & St. Paul and some other roads hav­
has been the practice to include the earnings of the new ing now furnished their returns for that week. In it»
Toad not only in the totals for the present year but final shape the statement covers 76 roads, and the de­
also in those for the previous year, so as to have the crease is 32-26 per cent. For the second week of the
figures for the two years on the same basis and make month the decrease is 26*31 per cent, the statement
the comparison correct. But now for June the Lake covering 72 roads.
The following gives the week’s movements of money
Shore & Western earnings, while included in the
present year, are not added to the earnings for last to and from the interior by the New York banks.
year, the results being taken just as stated in 1893
N e t In te rio r
Received by Shipped by
M ovem ent.
N . T . Banks- N . Y . B a n ks.
before the new road was absorbed. We do not know
$5,20 1 ,0 0 0 $ 3 ,0 0 5 ,0 0 0 G a in .$ 2 ,1 9 8 ,0 0 0
■what the Lake bhore oc Western earned m dune ±oyo, as
........................................
1 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0 L o s s ,
900,000
■we have been unsuccessful in our effort to obtain the f i g T o t a l K om andlegal ten ders.... $ 6 ,1 0 1 ,0 0 0 $4,005,000 G ain .$ 2 ,096,000*
Tires, but in June 1892 its earnings were nearly four hun
Result with Sub-Treasury operations and gold exports.
dred thousand dollars—actually $398,283. I t follows
N et Change i n
O ut o f
I n to
that on an even basis three or four hundred thousand^
W eek E n d in g J u l y 27, 1894.
Ifa rik H oldings.
B a n k s.
B anks.
dollars would have to be added to the $472,200 decrease B a n k s ’i n t e r io r m o v e m e n t, a s a b o v e $6,10 1 ,0 0 0 $ 1 ,005 .ooo! G a in .$ 2 ,0 9 6 ,0 0 0
shown in the company’s return for June. I t is a fairr 8 a b - T re a s . o p e r a n d g o ld e x p o r ts . 1 4,800,000 2 0 ,1 0 0 ,0 0 0 1L o )s. 5 ,3 0 0 ,0 0 0
T o ta l g o ld a n d le g a l t e n d e r s ....... $ 2 0,901,000 $ 2 4 .1 0 5 .0 0 0 lU o ss.$ 3 ,2 0 4 ,0 0 0
assumption that this decrease in the gross receipts has8
been attended by an equally heavy reduction
Amount of bullion in principal European banks.
expenses.
J u ly 27. 1893.
J u ly 26. 1894.
B ank of
For some days Philadelphia dispatches have been
lo t a l.
Silver.
Gold.
Total.
Silver.
Gold.
dilating upon the good showing which the Reading
£
£
£
£
*£
£
29,577,571.
38,634,055 29,577.571
Company would make in its June return of earning
R ag lan d .......... 38,624,055
119,860,000
51,063
000
73,848,441 51,266,229 125,114,670 68.792.000
owing to the very heavy shipments of anthracite in that GFrance.......
e rm a n y * .... 85,019,000,11,673,000 ' 43,693,000 30,627,750 10 209,250 40.837.000
A.ast.-Hang’y 10,688,000 16,405,000 27.033.000 10.574.000 16.402,000 26,976,000month. The return has now come to hand and it is
7,928,000 9.226.000 17.154.000 7.916.000 6.5'i2,000 14.418.000
S p ain ........ .
favorable document, especially in comparison with the N e th e rla n d s .. 4,524 000 6.935.000 11.459.000 2.817.000 7,021,000 9.838.000
poor exhibits made by the railroads generally. N a t. B elgium * 2,959.333 1,479,667 4,439,000 2,699,338 1,349 687 4.049.000
96,984 893 270,555,725 153,003,654 92,551,917 245,555,571
For the Railroad Company there is a decrease of TT oot.t. tho riesvw.week’k 173,570,829
173,227,033 96.644.397 '268,371,430'152,394,712 98,251,833 248,646,57s.
$27,442 in gross earnings and an increase of $124,986 * T h e d i v i s i o n ( b e t w e e n g o ld a n d s ilv e r ) g i v e n i n o u r t a b l e o f c o in ,
in net earnings, and for the Coal & Iron Company a n d b u ll io n i n t h e B a n k o f G e r m u u y a n d t h e B a n k o f B e lg iu m i s m a d e
f r o m t h e b e s t e s t i m a t e w e a r e a b l e to o b t a i n ; i n n e i t h e r c a s e i s i t
there is an increase of $250,683 in gross receipts and c l a im e d t o b e a c c u r a t e , a s t h o s e b a n k s m a k e n o d i s t i n c t i o n i n t h e i r
an increase of $196,554 in net earnings. Tne Central w e e k ly r e t u r n s , m e r e l y r e p o r t i n g t h e t o t a l g o ld a n d s i l y e r , b u t w e
t h e d iv i s i o n w e m a k e i s a c lo s e a p p r o x i m a t i o n .
of New Jersey, another anthracite carrier, has also b eNl ieo vt ee ,—W
e r e c e i v e t h e f o r e g o i n g r e s u l t s w e e k l y b y c a b le , a n d w h i l e
submitted its June return; it shows $100,872 de­ n o t a l l o f t h e d a t e g i v e n a t t h e h e a d o f t h e c o l u m n , t h e y a r e t h e r e crease in gross and $48,878 decrease in net. The t a r n s i s s u e d n e a r e s t t o t h a t d a t e - t h a t i s , t h e l a t e s t r e p o r t e d f ig u r e s ,




J uly 28, 1894.]

THE OHROJSLCLE.

135

that the income of the company has been overstated in
TH E ATCH ISO E DISCLOSURES.
the sum of $7,000,000 does not encourage the taking
The developments of the week regarding the Atchi' of very favorable views, and gives to the matter a very
son Topeka & Santa Fe property have been of a de­ serious look. At the same time the careful critic will
cidedly unpleasant nature. The committee in charge avoid prejudging the case before both sides have their
of the reorganization of the company has given out a evidence in in fact before even one side has its evi­
statement based on investigations into the books and dence in, for a3 yet we know only the nature of the
accounts of the concern, made by Mr. Stephen Little, charge, not what it is based upon. In other words, we
the expert accountant, which seems to point to start­ remain wholly in the dark as regards the method or
ling irregularities in the reports of the company’s in­ way by which the overstatement of the income has
come. In brief the charge is (we quote the exact been reached. I t seems almost incredible that an over­
language used in the committee’s statement) that statement of that amount should have been attempted
“ during the period from July, 1889, the date of the or been possible. Mr. Little’s declaration to that effect
last reorganization, to December, 1893, the date of the naturally counts for a great deal, especially as the re­
appointment of the receivers, the income of the com­ organization committee, composed of gentlemen of high
pany has, in his (Mr. Little’s) opinion, been over-stated character, after having presumably been f ally informed
in an aggregate amounting to $7,000,000.”
by Mr. Little upon what the charge rests, and under­
This is a serious charge. It is all the more serious standing full well its gravity, have been willing to give
because it is made on the responsibility of a man publicity to the announcement. The fact remains,
thoroughly familiar at once with methods of account­ however, that we have nothing tangible upon which to
ing, and—what in this case is equally important—with base an opinion.
railroad operations and affairs. The committee make
I t was at first very generally assumed that the excess
a slight error in speaking of July, 1889, as ff the date of $7,000,000 referred to rebates granted to shippers
of the last reorganization.” The reorganization plan which had not properly been deducted from earnings,
was not submitted until October 15, 1889, and all in­ but had instead been charged to capital account.
On
terest charges were adjusted on the old basis up to the this assumption, there would be no difficulty in
1st of October of that year. The point, however, is arriving at a conclusion, and that in speedy condem­
not material, and has no bearing upon the fact at issue. nation both of the business policy which permitted the
We presume July 1, 1889, was selected a 3 the starting practice and of the book-keeping methods which under­
point for the investigation, because it happened to be took to make the rebates appear as part of the
near the date of the reorganization, because it was the company’s income. But Mr. Little is quoted in the
beginning of a fiscal year, and because an entirely Few York Times of Wednesday as saying that he
new system of accounting was inaugurated with that desired it to be distinctly understood that he had
date.
never said that the over-statement was made up of
I t is unfortunate from every standpoint that the pub­ rebates. He bad never said what it was, but simply re­
lic has absolutely no facts or information as yet upon ported facts as he found them. Beyond this, Mr. L ittle
which to base a judgment concerning this startling an­ declined to speak, and very properly, for he is of
nouncement. If the charge in the bald and unquali­ course acting in a confidential capacity toivards the
fied way in which it is put out shall be sustained—if it reorganization committee.
shall appear that the discrepancies are not the result
Mr. Little, it should not be forgotten, has not yet
simply of variations in the treatment of bookkeeping submitted any report to the reorganization committee.
items, regarding which there might be honest differ­ He has simply informed the committee of certain facts
ences of opinion—then the situation does not need which appear thus far in his examinations. His report,
characterization. I t reveals a state of things so serious we understand, is far from complete. The charge of
and so indefensible that there ought to be no difficulty an over-statement of the earnings is based simply on his
and not a moment’s hesitation in bringing the culpable investigation of the books and accounts in the Western
parties to account. As the case stands we have offices. The books here in the East he has only begun
no means of testing the statement or of determining to look into. This encourages the hope that the ap­
whether it is subject to any qualification. I t will be parent discrepancies may yet be removed, though
remembered that at the time of the occurrence of candor compels us to say that those informed concerning
the receivership we pointed out that not only their nature regard such an outcome a 3 exceedingly
had the representations of the management unlikely. But if the books themselves do not afford a
regarding the condition of the property in the period satisfactory explanation, there is still a possibility th at
immediately preceding the receivership proved deci­ the management, when they get Mr. Little’s figures,
dedly misleading, but that if their published state­ may be able to explain the matter to the satisfaction of
ments and reports were to be relied upon the company fair-minded men.
ought to have had about five million dollars of net
While not wishing, therefore, to minimize the seri­
earnirgs available with which to pay the January ousness of the situation, and having no desire to defend
interest, whereas the announcement was that it had no or justify the management, or to palliate any acts of
money available for that purpose, while the amount theirs, we think it simple justice to suspend judgment
of loans and bills payable was reported nearly as and withhold criticism until Mr. Little’s report appears
large as six months before. That discrepancy has and all the details are open to inspection. The reor­
never been explained. A large corporation like the ganization committee should take measures to secure
Atchison, however, ha3 so many requirements for the prompt publication of the report when Mr. Little
money, on capital and other account, that we have has completed his labors. And they should see to it
always felt that the matter could and would be that no material fact is omitted or withheld. For the
cleared up.
honor of American railroad management it is to be
The fact that now Mr. Little, speaking through the hoped that it will be possible to remove all ground for
reorganization committee, declares without reservation suspicion against the administration of the Atchison




186 1

THE CHRONICLE.

[“VOL. L1X.

be handicapped, and the man of small resources who
thought of erecting a house or a store or a factory
hesitates, and is consumed by fears lest the venture
may, owing to the bad times, prove risky and doubt­
ful. The fact that in periods of this kind materials
can be purchased very cheaply, as is the case now,
is an incentive to build, but in too many instances
counts for comparatively little in the face of
the other factors of larger and controlling impor­
tance.
Under the circumstances it is a gratifying and an en­
couraging feature that though considerably less work
of this character has been undertaken than in the
years immediately preceding, yet faith in the con­
tinued growth and development of the country has
continued strong, (it being recognized that the exist­
ing situation is exceptional and abnormal), and
plans have been laid for the construction of new
new buildings involving the expenditure of a great deal
of money. In these remarks we are referring more
particularly to the new buildings projected in the first
six months of the present calendar year. The
Record and Guide” of this city has published
the statistics for this period for New York City and
Brooklyn, and from “ The Economist” of Chicago we
have the record for the city of phenomenal growth on
Lake Michigan.
These figures for the six months to June 30 are
especially useful because in a measure they reflect the
building to be done in the succeeding six months—that
is, they afford some indication of the probable outlays
in this way. The weather permitting, building of
course goes on all through the year, but the months
from May to October are the most favorable for such
work, and no doubt a very large proportion of the
B U IL D IN G O PERA TIO N S I N N E W Y O R E projects for which plans have been filed and permits
AN D CHICAGO.
obtained during the first six months will be carried to
In view of the great depression in trade and^business completion during the last six months. One consid­
which has existed for a period of twelve months or eration of course must always be borne in mind in
more, and the check which this has imposed upon new connection with the records of building statistics, and
Ventures and enterprises in every department^of ¿in­ that is that as the figures represent simply buildings
dustrial activity, one might suppose that the effect projected, it does not necessarily follow that the build­
would be to bring building operations—that is, the ings will in every case be erected ; some of the projects
-erection of new buildings—almost to a standstill. But may be abandoned. We think, however, there is less
notwithstanding the gloomy surroundings, sueh has likelihood of an important reduction in that way
fortunately not been the case. The building statistics in the proposed outlays the present year than in pre­
reflect the adverse mercantile and financial conditions ceding years. With everything in a state of depression
which have prevailed, in showing a very decided con there was certainly no inducement for speculative ven­
traction in the aggregate of the outlays in this way, tures of any kind, and we know of the existence of no
and yet the work of providing new buildings—either to other circumstance which might have induced the
replace existing structures of an inferior class or to taking out of permits for fictitious or problematical
occupy vacant land—keeps steadily going on^and^the projects to any considerable extent. In fact it seems
to us that all the industrial and financial conditions
totals still continue of very large magnitude.
As an element in business activity, the,se (^building were such that plans would not be filed except where
operations are of course of considerable consequence the desire actually existed to carry out the under­
I n the large cities especially they are a very important takings.
If we are correct in our reasoning, then the figures
factor. They furnish a means of investment to
for
1894 afford a better and more accurate indication
capital, give employment to large numbers of men
of
the
amount of work of this character actually in con­
.and create a demand for all the various and manifold
templation
than is usually the case. In presenting
^articles and materials needed in the erection of the
figures,
we
shall
begin with Chicago—not because the
-structures—which latter is tantamount to saying that
they affect practically every branch of trade. Under outlays for that city are larger than those for New York,
th e stress of hard times these building operations for they are not, but because it was expected that there
naturally fall off. At such a period work of this the change would be most decided. It was hatural
•character which may have been contemplated is apt to suppose that after the Fair there would be a very
to be deferred to a considerable extent until the state great reaction at Chicago, since preceding and during
c f things becomes more propitious. With the general the Fair all transactions were on such an exceptional
outlook uncertain the capitalist keeps his money well scale. Many persons looked for a complete collapse and
i n hand, instead of letting it out, the builder is apt to 5a great efflux of population. Especially in building

property. The public will not convict the mana­
gers except upon clear and undisputed facts. At
the same time it is everywhere recognized that the
charge made against them is a very grave one, and that
they must meet it and dispose of it when the facts are
presented in regular form.
There has been some discussion as to what official is
to he held accountable for the irregularities in case
they shall be confirmed. I t is a regrettable circum­
stance that two high officers of the Atchison, namely
Mr. Manvel, the President, and Mr. Magoun, the
Chairman of the Board of Directors, have died within
comparatively recent periods. The integrity of neither
one of these men was ever called in question while
they were alive, and the public will be slow to believe
anything to their discredit now that they are
dead.
The irregularities alleged concern the finan­
cial and accounting departments. The report for
1889-90, the first issued under the new manage­
ment, defines the duties of some of the officials
under the changes then introduced, and as bear­
ing upon the point in question we quote from that
report without comment the following paragraph touch­
ing the assignment of work to the President and/VicePresident : “ The office of the President, which had been
in Boston, was located at Chicago, on the line, and the
President was relieved of the administration of the
/Financial and Accounting branches of the service,
which were placed distinctively in charge of the VicePresident, in Boston, under immediate direction of
Chairman and Board, thus permitting the attention of
the President to the operations and general physical
/benefit of the properties.”




J uly 28, 1894.J

THE CHRONICLE.

137

operations a decided set-back was thought likely.
Coming now to the statistics for New York, we find!
To provide for the requirements of the Pair the out­
here also a very large amount of work in progress, or in.
lays for new buildings in the years preceding the hold­
contemplation, notwithstanding the checks imposed bying of the Exposition had been perfectly enormous.
business depression. At the same time, however,,
Thus in the calendar years 1890, 1891 and 1892 plans
there is a much more decided contraction as compared
were filed for 36,531 new buildings, having an aggre­
with the year preceding than was the case at Chicago.
gate frontage of 875,178 feet (165 mile3 of buildings !)
Of coarse the character of the structures in this cityand estimated to cost $164,787,300. To many out­
is entirely different from that of the structures in
siders it seemed that in these new buildings ample pro­
Chicago, and if the figures given are to be relied upon
vision had been made not only for the period of the
we hardly put up as many buildings in four years a&
Pair, but for many years the reafter ; that as a result
Chicago does in one year. It is a striking fact, how­
thei^e would be little or no inducement for further
ever, that the plans filed the present year contemplate?
additions for a long time—that indeed it would
an expenditure in the aggregate of over 27f million
be difficult to utilize the exceptional number of
dollars. Last year in the first six months the estimated
buildings, already provided. When, afterward, the
cost of the new buildings for which plans were filed
panic developed, all doubt on this point seemed fore­
was as much as $43,007,813. But this is hardly a fair
closed—there could be no question that there would be
comparison. The 1893 total was swelled by two large
very little building in the near future.
items. It included the new cathedral at an estimated
Now what do the statistics show ? In the calendar
cost of $5,000,000, on which work has been in abeyance*,
year 1893 of course the outlays (the Fair prepara­
and also St. Luke s Hospital, which is now in process'
tions having been substantially completed) were only
of completion, and which figured for $1,000,000 in th e
about half those in the years preceding, and yet it
total. By eliminating these two structures, the aggre­
is a noteworthy fact that instead of the complete stag­
gate for 1893 would be reduced to $37,007,813, and
nation which had been expected, plans were filed in
this .would compare with the $27,779,160 for th e
that year for 8,265 buildings to cost $28,517,700, and
present year.
In 1892 the estimated cost of
this after the 36,531 buildings costing $164,787,300
the buildings projected, accerding to the plans filed,
provided in the three years preceding. Now for the
was $39,252,583, in 1891 $34,500,816. The number
first six months of 1894 we have projects for 5,670
of buildings projected on which these figures of cost
more buildings to cost $17,720,640, making altogether
are based was 1,297 in the six months of 1894, 1,552
for the four and a half years a total of 50,466 new
in the six months of 1893, 1,814 in 1892 and 1,589 in
buildings at an estimated cost of over 211 million
1891. While the estimated cost of the 1,297 buildings
dollars. As already pointed out, to say that plans
planned in New York is $27,779,160, the estimated
have been filed is not the same as saying that the
cost of the 5,670 buildings projected in Chicago is b u t
buildings have been constructed. And yet even with a
$17,720,640. And this contrast brings out strikingly
very liberal allowance for projects that may have been
the difference in the character of the structures in the
abandoned the totals would still be of astoundiug
two
cities, the average cost per building in Chicagomagnitude.
being but little over $3,100, while the average in New
Comparing the new buildings planned in the first six
York is, over $21,000. The following gives the num­
montns of this year with those planned in the corres­
ber and cost of the buildings for which plan? were
ponding six months of last year, we find that the
filed here in New York for each of the six months, in.
aggregate cost for 1894 is only half a million dollars
comparison with the figures for the same months of
less than the aggregate for 1893, while the number of previous years.
buildings provided for is actually much larger. That
NEW BUILDINGS PROJECTED IN NEW YORK CITY.
is to say, the plans filed contemplate 5,670 buildings,
1894.
to cost $17,720,640, in 1894, against 4,850 buildings
1893.
1892.
1891.
N o.
Cost.
N o.
Cost.
last year to cost $18,235,895. For the first six months
N o.
Cost.
N o.
Cost.
$
$
of 1892 of course the totals were very much larger_ J a n u a r y ................ 141
3,026,650 174 3,958,097 195 2,600,730 141 3,207,95®plans for 6,716 buildings estimated to cost $28,840,400 F e b r u a r y ............ 155 2,599,585 173 4,550,521 238 5,007,403
219 3,992,020
M a rc h .................... 230 3,081,970 301 6,328,620 396 8,041,400
313 5,607,920
having been filed in that period—but as already said A p r il...................... 258 5,438,310 354 8,837,625 440
10,528,040 370 7,784,175
268 8,235,245 310 *13155625 203 5,702,450 310
the building operations then were of entirely excep­ JMu ay........................
8,760,150
n e ....................... 239 4,747,500 240 t6 ,177,325 342 7,300,500
230 5,087,99»
tional magnitude by reason of the preparatjons making
T o t a l.............. I 1297 27,779,160 1552 43,007,8131 1814 39,252,583
1589 34,500,816
for the Fair. In the following we show the number
O^IacladBs the Cathedral of Saint Jolm the D ivine to cost $5,000,and estimated cost of the buildings projected in
t Includes St. Luke’s H ospital to cost $1,000,000.
Chicago for the first six months of the last four years.
The falling off from last year extends to all theNEW BUILDINGS PROJECTED IN CHICAGO.
No. o f
Feet
different classes of buildings—that is, to flats and tene­
Estim ated
Jan. 1 to June 30—
Bldgs.
Frontage.
Cost.
ments, to private dwellings, to office buildings, etc.—
6,068
149,177 . $22,877,700
1892.
The
6,716
156,402
28,840,400 and to practically all sections of the city.
4,850
130,489
18,235,895 Record and Guide has divided the city up into seven,
5,670
129,193
17,720,640
leading districts, and from its tabulations for this
One feature regarding these building operations in and previous years we have prepared the subjoined
Chicago should not escape notice. We refer to the statement. I t will be observed that in the 23d and
comparatively inexpensive character of the new struc­ 24th Wards, the only sectioa where the average cost peF
tures. The average cost per building of the buildings building comes near to that of Chicago, figuring out
projected in 1894 figures out but little over $3,000. about $5,000 per building, the totals show very similar
Even in 1892 the average was not much over $4,000 per results to those in Chicago—that is, the number of build-building. From this it is evident that the new build- f ingsprojected is semewhat larger than last year, beingmgs in Chicago consist chiefly of the smaller and less 1423 against 415, while the cost is a little smaller,,
; costly class of structures.
I
being $2,154,510, against $2,290,701.



fea

138

THE CHRONICLE.

DISTRIBUTION OP NEW BUILDING PROJECTS IN NEW YORK.

N o.

Cost.
$
9,634,275
4,638,195
3,473,015
5,020,275
1,001,200
1,857,690
2,154,510

1892.

1893.

1894.

F irs t H a lf-Y e a r.

I No.

Cost.
$
12,862,722
5,112,955
5,725,185
*14036250
533,000
2,447,000
2,290,701

N o.

[YOL.LÎX.

—in Chicago as early as April, and in Hew York and
Brooklyn in May.

Cost.
$
10,615,650
6,488,325
6,404,370
10,468,365
552,600
2,098,855
2,624,418

TH E I T A L I A N V IC T O R Y A T K A S S A L A .
The victory won by the Italian troops at Kassala, on
the Abyssinian border, reported in the early part of the
week, seems to have been a cause of special gratification
to the Italian Government, if we are to judge from the
39,252,583
T o t a l ..................................
1297 27,779,160 1552 43,007,813 1814
He telegraphed to the
* Includes Cathedral, of St. John the D ivine, to cost $5,000,000, and St. language of King Humbert.
-Lute's H ospital to cost $1,000,000.
officer commanding that the capture of Kassala was a
In Brooklyn the new work projected is smaller than triumph of civilization, giving peace to the people of
in either Hew York or Chicago, measured by estimated the district under Italian protection and assuring the
cost, while the falling off from the years preceding is commerce of the Soudan. We are not told how many
quite noteworthy. Thus the estimated cost for the six troops were engaged on either side, nor what were the
months of 1894 is only $7,040,895, against $11,45^,444 losses. It would appear, however, that the place was
for 1893, $11,953,084 for 1892, $12,330,837 for 1891 in the hands of the Mahdists, and that it was held by
and $13,563,325 for 1890. The number of buildings them to the inconvenience of honest traders between
projected is 1,759 (of which 709 were brick and 1,050 the Red Sea Coast and the Soudan.
The advantages of this triumph of Italian arms are,
frame), against 2,199 in 1893 (of which 867 were
brick and 1,332 frame), and 2,380 in 1892. The aver­ it may be found, less immediate than prospective.
age cost is also quite low, being for 1894 about Italy, for several years past, has been working hard—
sacrificing life and spending money—to build up a
$4,000 per building.
I t will be interesting now to bring the three cities great colony at the mouth of the Red Sea, and south­
together, as far as the estimated cost of the buildings is ward toward the Indian Ocean. Her object has been
concerned, so as to show the aggregate of the expendi­ two-fold—trade and an outlet for her surplus popula­
tures contemplated. Accordingly we give the fol­ tion. Italy began with a station on the Bay of Assab,
opposite Aden. Massowah, together with much of the
lowing.
ESTIMATED COST OP NEW BUILDINGS PROJECTED.
adjacent territory, was taken possession of by an Italian
F irst six months. 1894.
1893.
1892.
1891.
garrison in 1885, by arrangement with Great Britain.
N ew York C ity ..$27,779,160 $43,007,813 $39,252,583 $34,500,816
K ings C ounty... .7 ,040,895
11,452,444
11,953,084
12,330,837 Year after year Italy extended her influence, until in
T o ta l....... . . $34,820,055 $54,460,257 $51,205,667 $46,831,653 1889 an arrangement was concluded with the King of
Chicago................ 17,720,640 18,235,895
28,840,400
22,877,700 Abyssinia whereby the whole of that country, includ­
T otal..............$52,540,695 $72,696,152 $80,046,067 $69,709,353 ing Shoa, was brought under Italian protection.
In
consequence
of
a
recent
treaty
with
the
native
powers,
Altogether, the estimated cost of the new buildings
for which plans were filed in the three cities for the the entire coast more to the south, stretching from
six months reaches the large total of 52-J million Cape Hafun to the mouth of the Juba, a distance of
dollars. In the same period of 1893 the total was 72^ 800 geographical miles, also came under Italian pro­
million dollars, in the six months of 1892 it was 80 tection. With the exception o f. Great Britain, Italy
million dollars. But the aggregate last year, as we has no rival in those waters and on those coasts. E ng­
have already shown, was swelled by some exceptional land, however, is no rival. On the contrary, it is a
items here at Hew York, and in 1892 the figures at convenience to England to have Italy so situated; and
Chicago were of special magnitude because of the it has been by England's assistance as well as by Eng­
influence of the Fair. As representing work actually land's approval that things are as they are south of the
undertaken or likely to be undertaken, the falling Gulf of Aden and the Red Sea coast.
It was in 1890 that Kassala was first made known to
off in 1894 as compared with 1893 can not be accepted
us.
The name was new. negotiations were opened
as a measure of the difference between the two
years. We have already given our reason for thinking at Haples in September in regard to the spheres of
that the projects for the present year are more fully influence of England and Italy on the Red Sea coast.
bona fide than those of any previous year. At the same Sir Evelyn Baring and General Sir Francis Grenfell
time it is reasonable to suppose that the occurrence of represented England on the occasion. A difficulty
the panic last year necessitated the abandonment of a arose somewhat suddenly, when it was expected that
good many projects for which plans had been filed, matters were about to be settled amicably and to the
entire satisfaction of both parties. Italy desired to
thus reducing the 1893 totals very materially.
An encouraging feature, too, is found in the returns occupy Kassala, taking the ground that the place
for June, the last month of the half year. At Hew belonged rather to Abyssinia than to Egypt. England
York, if we eliminate St. Luke's Hospital, the number was not unwilling to recognize the right of Italy to
of buildings projected in June stands precisely the occupy the place in the event of military necessity,
same in both years, being 239, while the estimated provided that the Egyptian right to re-occupy the dis­
cost is but little less, or $4,747,500 for 1894 against trict when necessary to maintain order was fully
$5,177,325 for 1893. At Chicago plans were filed for reserved. To this Italy refused to consent, and the
■835 buildings in June the present year, against only conference came to an end. Hopes were expressed,
751 in the same month last year, and the estimated however, by both governments and by the pre^s of
cost is $3,115,600, against $2,249,450. In Brooklyn, both countries to the effect that further consideration
the projects cover 376 buildings, against only 205 build­ would speedily lead to a satisfactory solution of the
ings in June, 1893, and the cost foots up $1,465,838, difficulty. Ho formal conference on the subject has
against $1,179,848. Thus there has been a decided since been held. It would appear, however, from the
change for the better, and we may note, furthermore, fact that the place had fallen into the hands of the
that the improvement began even earlier than in June Mahdists that neither England nor Italy has been

:8 o u th o f 14th S tr e e t.......................
B e t. 14th a n d 59 t h s t s .....................
B e t. 5 9 th & 125th, E . o f 5 th A v e .
B e t. 59th & 125th, W . o f 8 th A ve.
B e t. 110th & 125th, 5 th & 8 th av e s.
N o rth o f 125th S t r e e t.....................
23d a n d 24th w a rd s ..........................




146
97
176
232
57
166
423

250
182
232
320
25
178
415

244
184
229
454
43
186
474

July

28, 1894 J

THE CHRONICLE.

139

continuously on guard; and it would also appear that a
and give the needed opportunity for the development
good feeling exists between the two countries from the
of their resources. Such an alliance for such a pur­
further fact that a joint Anglo-Italian campaign is pose would command approval.
suggested against Khartoum, the capital of the Soudan.
I t remains to be seen what will be the immediate
A glance at the map will show that Kassala lies on
outcome. If Italy, in consequence of paucity of
the main road from Massowah to the Soudan. As
defenders, should be compelled to abandon Kassala, it
one of the chief reasons for Italy's presence in that
will most undoubtedly be a loss to civilization. If
part of Africa is to cultivate trade with the Soudan, it is
she should be able to hold on unaided it will be a mis­
of the utmost importance to that Power that she be not
fortune for England ; for Italy will then be justified
deprived of its use and of such protection as it may
in claiming Kassala by right of conquest. If the present
afford. On the other hand, ulimate reclamation of
emergency should bring Great Britain and Italy into
the Soudan for Egypt is an essential part of England's
closer relationship, many possible evils will be pre­
mission in that country. Kassala lies close to the Atvented, and in many ways desirable results will be
bara River, one of the principal affluents of the Kile, facilitated.
useful for purposes of transport', and, commanding one
of the principal highways for the movement of troops,
W E STE R N N E W YORK & PEN N SYLVAN IA BONDS
especially to Upper Egypt, it is not possible for E n g ­
RECEIVED.
land to consent that it should be held unconditionally
The packages of Western New York & Pennsylvania RR.
by any other Power. I t has to be admitted that this Bonds shipped from Germany to New York on or about
victory over the Mahdists, if Italy shall be able to hold July 5, and which, as stated last week, it was feared were lost
her own single-handed, will give a new aspect to the or stolen, have since been received by the Trust Co. in this
city to which they were consigned. The unusual delay has
question of ownership. Remembering the experience been owing to the method of shipment, the customary plan
which England has had with the Mahdists, it is ex­ being to send by registered mail. In this case they were
tremely doubtful whether Italy has forces enough in sent by parcels post express and no notice given to the Trust
that region to make her victory secure. It is evidently Co. until several days after the arrival of the “Lucania.”
the prevailing sentiment among Italian military men
themselves that the victory may be undone unless the IM P O R T S AN D E X P O R T S OF GOLD A N D
S IL V E R A T S A N FRANCISCO.
troops are reinforced. A garrison of 2,000 is said to be
We
have
received this week from the Collector of Customs
necessary to hold Kassala. The only other means of
at San Francisco the details of imports and exports of gold
safety besides reinforcements is to continue to advance. and silver through that port for the month of June, and
The advance, however, must be made on Egyptian they are given below, together with the figures for the pre­
territory; and this constitutes a serious difficulty.
ceding months, thus completing the figures for the fiscal year
The suggestion of an Anglo-Italian campaign against 1893-94. Imports were less in June than in May, the amount
Khartoum has much to recommend it. The Mahdists of gold received reaching $39,970, of which $11,536 was in
are the enemies of both Italy and England. King coin; and of silver there came in $205,500, of which $89,237
was bullion. There has been received during the twelve
Humbert calls the victory at Kassala a triumph of months a total of $2,693,636 gold and $2,127,060 silver, which
civilization, and says the commerce of the Soudan is compares with $5,508,193 gold and $2,661,829 silver in 1892-93.
secured. The King's wish, we fear, is father to the The shipments of gold during June were $19,135, all coin, and
thought. Much is to be allowed for that enthusiasm the exports of silver have been $395,702 coin and $989,000
which victory, even on a small scale, never fails to bullion. For the twelve months thé exports of gold have been
$1,202,443 against $1,110,013 in 1892-93 and $13,142,267 silver
create. But the King's language accords ill with that of has been sent out, against $13,870,228 in 1892-93. The exhibit
the military authorities, who see danger ahead. Great for June and the twelve months is as follows :
Britain, which has for several years let the Mahdists
IMPORTS OP GOLD AND SILVER AT SAN FRANCISCO.
severely alone, might do well to take advantage of Italy'
GOLD.
SILVER.
MONTHS.
emergency. She has just cause to desire the punish­
Coin. Bullion Total.
Coin.
Bullion.
Total.
ment, if not the extinction of the Mahdist forces. 1893-94.
$
$
$
$
J u ly .......... 171,930 29,820 201,756
17,018
72.104
89,122
The murder of Gordon, as well as that of other brave A ugust__ 31,747 40,150 71,897 115,637
92,817 208,454
September 373.424 123,740 497,164
38,011 170,^09 208,420
men, will not be forgotten. These forces were diiven O ctober.. 323,290 288,297 611,587
78,118 117,631 195,749
504,520 46,726 551,246
33,325 129,564 162,889
south only to bring about the death of Emin Pasha- November.
December. 274,736 31,027 305,763
12,893 122,272 135,165
January...
8,867 24,323
33,190
159,558 112,767 272,325
and to ruin the province which he had nursed and de February..
6,758 258,377 265,135
3 4 ,«42 148.998 183,840
13,990 16,559
30,549
20,06
veloped with so much care. They are in full possession of March.......
79,601
99,661
A pril.........
40,705
9,985
50,690
35,121
61,047
96,168
M
ay...........
7,541 27,148
34,689
Khartoum ; and they dominate the entire Kile Valley June.......... 11,536
153,205 116,562 269,767
28,434
39,970
116,263
89,237 205,500
np to the region of the Lakes. Ko m atter what T’1.12 mos.
1,769,050J 924,536 2,693,63611 814,051 1,313,009 2,127,060
arrangement might be come to with the Congo Free
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
State no matter how France and Germany might be
GOLD.
SILVER.
pacified—a continuous territory between Cape Town MONTHS.
Coin. BulVn Total.
Coin.
Bullion.
Total.
and Cairo is impossible until the Mahdists are put out of
1893-94.
$
$
$
$
$
the way. Great Britain alone is not likely to make a J u ly........... 98,980
50
99,030
529,026 202,956
731,982
August___ 180,693
180,958 1,336,661 232.000 1,568,661
fresh war on those savage Arabs single-handed. Parlia­ September 88,625 265
210
88,835 1,651,510 184,100 1,835,610
O ctober... 145,250
307 145,557
930,710 158,500 1,089,210
ment would not sanction any such war, on the ground November. 122,372
100 122,472
885,667 486,800 1,372,467
December. 114,789
114,789
629,831 406,90o 1,036,731
of expense alone. An Italian alliance, however, might January. . 137,377
137,377
437,844 391,400
829,244
February..
92,870
92,670
371,254
413.600
784,S54
command encouragement. Such an alliance would be March....... 123,177
123,177
229,477 477.600
707,077
ril.......
62,165
62,165
327,178 573,496
900.674
a gain to Egypt, and therefore a gain to England. AMpay..........
16,278
16,278
445,297 455 758
901,055
June..........
19,135
19,135
395,702
989.000 1,384,702
It would be a clear gain to Ita ly ; for it would rid her
of an obstacle which makes her possession of Masso­ T’1.12 mos 1,201,511 932 1, 202, 443! 8,170,157 4,972,110 13,142,267
wah and her protectorate of Abyssinia comparatively
N ew Y ork S tate B anks .—Mr. Charles M. Preston, Super­
valueless. It would be a gain equally to the Congo
Free State, to France and to Germany, because it intendent of the New York Sta'ie Banking Department, has
furnished us a detailed statement of the condition of the
would secure quiet to their several spheres of influence. *State banks in New York on Thursday morning, June 7, 1894.




140

THE CHKÖN1CLE.

F r om it and from previous reports we have prepared the fol­
io wing, which gives the results for June 7 and March 1, 1894,
a, ud November 28, 1893. The aggregates for these State banks
■do not include either savings banks or trust companies.
_
____ _____ _____
J u n e 7,
M ar. 1,
N o v. 28,
NEW Y O R K STA TE.
1894.
1894.
1893.
N u m b e r..................................................................
205
204
203
Resources­
'Ll oaris a n d d is c o u n ts, in c lu d ’g o v e rd ra fts ..$163,8 9 i,£07 $157,673,500 $160,164 094
:S t o cks, b onds, &c................................................. 14,808,630 12,539,510
9,817,704
D u e fr o m b a n k s a n d b a n k e rs .......................... 26,596,619 24,168,187 22,901,848
B a n k in g h o u se, f u r n itu r e a n d fix tu re s ........
7,237,137
6,899,718
6,496,749
O t h e r re a l e s ta te a n d m o rtg ag es o w n e d ....
2,306,994
2,138,187
2,070,785
S p e c ie ........................................................................ 17,187,247 14,978,572 20,554,072
L ég a l te n d e r n o te s, c e rtif ’s o f deposit, &c. 28,606,151
25,230,821 21,713,401
C u r r e n t e x p e n se s £ n d t a x e s p a id ...................
940,816
708,065
1,162,595
C a s t i t e m s ............................................
15,897,265
15,589,485 25,918,035
- O th e r re s o u rc e s .........................................
681,694
847,675
697,539
T o t a l................. ; ........................................... $278,003,760 $260,713,770 $271,496,822
L ia b ilitie s —
*C ap ital sto c k p a id i n ............................................ $32,584,710 $32,757,308 $33,175,258
S u rp lu s a n d u n d iv id e d p ro fits .......................... 28,244,727 27,100,566 28,570 566
In d iv id u a l d e p o s its .............................................. 184,191,806 171,074,450 178,886,734
796,006
829,466
1,087,403
O th e r d e p o s its .......................................................
D u e to b a n k s a n d b a n k e rs ................................. 31,«'31,125 28,119,383 28,527,435
O th e r lia b ilitie s ......................................................
1,155,386
832,597
1,249,426
T o ta l ................................................................$278,003,760 $260,713,770 $271,496,822

'Stock E xchange Clearing -H ouse Transactions. — The
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from July 16 down to and includ­
ing Friday, July 27 ; also the aggregates for January to June,
inclusive, 1894 and 1893.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

Sfonth—

<— Shares, both sides.—» .-------Balances, one side.------ - Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Clear'd

-Jan., 1893.
Y eb., 1893.
J d a r., 1893.
A p r., 1893,
H a y , 1893.
J u n e , 1893.

28,544,500
25,108,900
24,591,100
20,802,600
28,209,600
17,190,700

■6 m o s .... 144,447,200
J a n . , 1894, 18,£63,(00
F eb ., 1894. 12,847,600
M ar., 1894. 15,912,900
A p r., 1894. 14,728,000
H a y , 1894. 39,140,800
J u n e , 1894. 13,185,700
<3 m o s ....

J u ly
“
“
•“
“

2,064,709,000
1744 400,000
1,690,000,000
1,421,300,000
1,738,900,000
1,016,900,000

6,8
6,151
7,080
6,005
7,200
6,395

9,676,209,000 15,154,500 955,911,000 19,604,500
1,088,600,000
1,354,000
69.100.000 2,041,000
784.800.000
1,035,400
56.200.000 1,396,900
1.076.441.000
1.452.100
81.800.000 1,928,700
868.700.000
1.384,300
77.200.000 1,418,900
1.250.300.000
1.551.100
91.700.000 1,938,500
842.800.000
1,147,800
65.300.000 1,484,000

39,670

7,924,700

210,700,000
172,701,000
167 900,000
153.300,000
161,110,000
90,200,000

*

3,300,500
3,529,000
3,784,100
2,331,000
4,870,100
1,789,800

95,178,000 5,881,641,000

3,000,000
2,587,900
2,703,800
2,311,300
2,869,500
1,682,000

441,300,000 10,208,000

6,830
5,598
6,581
6,401
6,689
6,088
38,196

<—Shares, both sides.—, --------Balances, one side.------- Parties
Cleared. Total Value, Shares. Value Shares. Cash.Olear'ng
$
$
$
16. . 640,000 42,300,000
51,400 2,972,000 183,300
289
17... 674,900 46,300,000
51,500 3,100,000 76,500
295
18... 623,000 36,600,000
53,900 3,000,000 64,500
234
19. . 415,000 26,400,000
46,300 2,500,000 46,300
257
20. . 488,100 34,000,000
40,700 2,500,000 48,810
276

ffiot. w k .,. 2,846,000 185,600,000
W klastyr5,137,100 290,100,000
J u ly .23. . 493,000 29,100,000
“ 24. . 774,300 53,200,000
*“ 25. . 462,800 33,800,000
“ 26. . 480,200 28,600,000
2 7 . . 476,600 33,900,000

243,800 14,072,000 419,400 1,401
433,700 21,300,000 644,000 1,541
44,000 2,300,000 49,100
287
67,000 4,100,000 22,900
305
42,900 2,900,000 74,600
269
46,400 2,700,000 41,300
281
42,200 2,800,000 56,400
268

T ot. "wk. .2,686,900 178,600,000 242,500 14,800,000 244,300 1,410
W klastyr6,617,100 349,600,000 590,600 26,700,000 986,800 1,634

'IThe stocks cleared now are American Cotton Oil common
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com.
isnon, Chicago & Northwestern, common, Chicago Rock Island
îfe Pacific, Delaware Lackawanna & Western, Distilling &
Cattle Feeding, General Electric, Lake Shore & Michigan
Southern, Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New York & New England, New
Y. L. E. & West., North. Pac. pref., National Lead common,
SPhila. & Read., Uri, Pac. and Western Union.

[From our own correspondent.]
L oudon, Saturday, July 14, 1894.

'The strikes in the United States have made an exceedingly
Q)ad impression here. Our public does not understand the
,§reat strength of the American system of Government, and
accustcrred though it is to strikes at home it greatly exag
gerates the probable damage in your case. Therefore it is
¿attaching a significance to the rioting which really does not
belong to it. That, no doubt, will pass away after awhile,
but for the moment the consequence is that business is greatly
¿restrict ed.
Practically the public refuses to engage in any kind of new en­
terprise. For example, the Manchester Sheffield & Lincolnshire
^Railway Company has got authority to extend its line to
^London, and recently it applied for about 4% millions sterling
at© carry out the works. Four per cent is to be paid on the
¿money during construction, and^its subscribers are to have




I Vol. LIX.

the option of converting half into preference shares entitled
to 4 ^ per cent, while next year there is to be an allotment at
par of 25 per cent of debenture stock, which is at a premium
of 50 per cent. Yet the public applied for less than 10 per
cent of the amount asked for, so that the underwriters have
had to take over 90 per cent. Underwriters for all that do
not seem to be discouraged.
As stated in this correspondence last week, the Bank of
New Zealand ha^ been authorized to issue 2 millions sterling
of new shares guaranteed a minimum of 4 per cent interest
by the Government of the colony, and an underwriting
syndicate has been formed to subscribe the whole amount.
It is understood that the syndicate is powerful, but it is very
doubtful whether the public will apply. As a natural conse­
quence of this state of feeling banks are unable to employ
their surplus funds. The rate of discount in the open market
is little better than % per cent, and this week, although the
fortnightly Stock Exchange Settlement was going on, money
has been frequently lent at 34 per cent. The general quota­
tion, however, is % Per cent.
The Commercial Banking Company of Sydney was one of
the banks which failed last year and was reconstructed. It
had always been considered one of the very best of the Aus­
tralian banks, and to the last moment its credit was high,
When it was reconstructed one condition was that depositors
were to leave their deposits with the bank for 5, 6, 7 and 8
years, dating from the time at which the respective deposits
fell due. Now a notice is issued that the Bank is prepared
to pay off within a month all the deposits maturing on or
before August 31st, 1899. The sum is believed to amount
to about 2 millions sterling, but only a small proportion is
held in this country. As the bank had undertaken to pay
4)4 per cent upon these deposits, it will effect a considerable
saving by the redemption.
The India Council on Wednesday offered for tender 40
lakhs of rupees and sold the whole amount at an average
slightly under Is. OJ^d. per rupee. The applications were so
large that it was able to sell an hour or two later by special
contract about 15 lakhs. The demand for remittance is,
therefore, very good; but the price is lower than h is been
obtained for several weeks, mainly because the Indian Gov­
ernment has decided to convert 27 crores of 4 per cent rupee
paper, and it is thought that much of this paper will be sent
to India and so will compete with the Council’s drafts as a
means of remittance,
There have been rumors all the week of serious difficulties
upon the Stock Exchange, owing to the fall caused by the
American strikes. The rumors are much exaggerated, but
undoubtedly there have been serious losses, and a few mem­
bers of the Stock Exchange are greatly embarrassed. Money,
however, is so plentiful and cheap that all who are in credit
are able to get accomodation, and it is believed that most of
those who have suffered will be assisted by their friends.
Business, however, is almost at a standstill. The public is
holding absolutely aloof. There is less investment than is
usual at this season of the year, and speculation is almost
killed. The general impression is that professional operators
have for some time past been buying quietly under the con­
viction that the fall in prices had been carried to far, and
that there must before long be a recovery. The inference
drawn is that professional operators are tied up and unable
to take advantage of the further fall. The public is quite
unwilling to do so, and members of the Stock Exchange are
loudly complaining that never have they known business to
be worse.
The premium on gold at Buenos Ayres has fallen to 259 per
cent. But there is no increase in business, and it is evident
that it will take at least a year or two for any material im­
provement. In Brazil the losses caused by the civil war are
telling upon the country. And there is great depression in
Chili. The state of India is likewise causing apprehension ;
and there is much fear that some of the reconstructed Aus­
tralian banks will be unable to meet the interest on their
deposits.
Upon the Continent business is nearly as quiet as here at
home. The Italian Government has been defeated on an
important question in its financial proposals, and there is
much fear that those proposals cannot be carried through the
Legislature. In Spain the session of the Cortes has come to
an end without passing the Budget or approving the commer^
cial treaty with Germany. Consequenty, the war of tariffs

July

THE CHRONICLE.

28: 1894.]

141

between Spain and Germany will go on ; and there are loud *Supplies available for consumption (exclusive of stooks om
complaints already from Cuba that the measures adopted by September 1):
1892-93.
1891-92.
1890-91.
Germany are seriously injuring the island. Unless the Spanish Wheat ................. ew t.5 61893-94.
,7 3 5 ,6 Ì0 55,044,124 59,719,970 50,471,561
of flo u r ......1 6 ,8 3 7 ,5 2 2 17,907,676 17,256,811 13,982,270
Government can obtain some assistance in Paris, it is not Imports
8ales o f hom e-grown.19,309,159 23,850,488 28,392,561 32,169,967
easy to see how it can continue to pay its way. In France
T otal..................... 92,882,291 96,802,288105,369,342
96,623,798
there is a great accumulation of unemployed money ; but the
,1893-94.
1892-93.
1891-92.
1890-91.
public is disheartened and is"doing little.
Aver, price w heat w eeb.26s. 4d.
26s. 8d.
29s. 2d
38s. 7 d .
Average price, se a so n ..2 5 s. 7d.
26s. 9d.
34s. Od.
34s. 9 d .
The rates for money have been as follows:
The following shows the quantities of wheat, flour aad
maize afloat to the United Kingdom:
I n te r e s t allow ed
O ven M a rk e t R a t e s .
fo r d e p o s its by

«
L ondon

Ju n e
“
“
“
J u ly
.“

8
15
22
20
6
13

T ra d e B ills .

B a n k B ills .

D is c ’t H ’si

rió
I

J o in t
S ix
Three F o u r
S ix
T hree T o u r
S to c k A t 7 to 14
M o n th s M onths M onths M onths M o n th s M onths B a n k s. OaU. D ays.

~2~
2
2
2
2
2

11-16-M
%® N -11-ltì
H® 9-lde H

11-16-% H i® - m
%® - m ® - m
%@ - i @ — i
H® % % ® i l
u ® - %® - i
H® — li-16-16 i

® m I li ® Ué
® m m ® m
® m in ® m
®in m ® in
® - m® @ — 1H® -

H
H
H

1
1
1
1
1
1

m ® m
m@2
m ® m
m ® m
m® m® —

H

In te re st a t

Bank
Open
R a t e ■ M arke

P a r i s . . ...............
B e r lin .................
H a m b u rg .........
F r a n k f o r t........
A m s te rd a m ...
B ru s se ls .......
V ie n n a ...............
S t. P e te r s b u r g .
M ad rid ..
C o p e n h a g e n ...

2H
3
3
3
2%
3
4
5%
5
SU

m
m
m
IH
IH
19Í
SH
5
5
UH

J u ly 6.

J u n e 29.

J u n e 22.

Bank
Open B a n k O pen B a n k
O pen
R a t e . M arket R a t e . M arket R a te . M a rket
2H
3
3
3
2H
3
i
5H
6
3H

2
1H
1%
m
i%
i%
3H
5
5
2H

2H
3
3
3
2H
3
i
5H
6
3H

2
m
i%
i%
m
i%
s%
5
5
3H

2H
3
3
3
2H
3
i
5H
5
3H

2
m
1%
m
1%
m
SH
5
6
SH

Gold—There has been sufficient demand for Paris and Holland to
absorb all recent arrivals of bar gold. The Bank has received £109,000, of which £82,000 came from A ustralia: and £3 9 ,0 0 0 has been
withdrawn, of w hich £27,000 w en t to Stockholm. A rrivals: India,
£127,255; West Indies, £ 5 8,106; Australia, £82,000; South Africa,
£107,000; Brazil, £ 4 ,0 0 0 ; New Zealand, £ 8 ,0 0 0 ; total, £386,361
Shipments July 6 : Gibraltar, £2,0 0 0 ; Bombay, £5,000.
Silver—Since la st w eek a few special orders have kept the market
steady, there being no large supply. To-day the arrival o f the Chili
packet, and sales from New York, have forced the price down to 28H>d
A rriv a ls: United States, £7 8 ,0 0 0 : Chili, £ 6 8 ,0 0 0 : West Indies
£ 1 5 ,0 0 0 ; total, £161,000. Shipments July 6 : Bombay, £5 9 ,6 0 0
China, £ 4 9 ,0 0 0 ; Japan, £5,000; total, £113,600.
Mexican Dollars—The demand for these coin has decrea sed, ow ing
to the cessation of th e premium lately obtainable in the Straits. To
day business has been done at 28%d. Arrivals from N e w York
£ 2 7 ,0 0 0 . Shipments July 6 to Straits, £ 2 1 ,2 0 0 .

B a r g o ld , fin e __ oz.
B a r gold, p a rtin g .o z
S p an , d o u b lo o n s, oz.
U . S. g o ld c o i n . . .oz.
G e rm a n g old eoin.oz

s. d.
77 9
77 9H
73 9
76 i l i
76 iH

SILVER.
L o ndon S ta n d a rd .

s. d.
77 9% B a r silv e r, fin e . ..oz.
77
B a r s ilv e r, c o n ta in 73 9
in g 5 g rs. g o ld ..o z .
76 4% C ake s ilv e r ...........oz.
76 i l i M ex ic an d o llars..o z.

m

Mon.

Tues.

Wed.

285s
101%
10138

28Hi6
2815iß
1015g 1015g 1015g
1015a 1015e 1015g
01-27% 01-32% 01-47% 101-55

66%
60*9

93
133

4658
55
100
14
75%

14%
50%

8%
103s
14

Fri.

Thurt.

28%
28%
1015g 101%
101% 1015g
101-55 101-4&

67%
60
93
132
45%
54
100
13%
74%

x67%
595g
93%
132%
46%
54
9934
14%
74%

68%
59
93
132%
46%
54
99%
14
74%

93
133
46%
54 '
99%
14%
74%

14%
13
50%
50%
8°8
8%
10%
8%
14
J 13%

13%
50%
85g
8%
14

13%
50%
8%
8%
13%

13%
50%
9 "
9
13%

60%
93
133
46%
54%
100%
13%
75%

68%

N ational B anks .—The following information regarding
ational banks is from fcbe Treasury D epartm ent:
x

RECENTLY ORGANIZED.

4 .9 6 7 - The F irst National Bank of Alexis. Illinois. Capital, $50,000
, Q„Q H enry Tubbs, President. C. A. Tubbs, Cashier.
4.9 6 8 The Commercial National Bank of Bozeman, Montana. Capi-

* nor.

tal, ¡630,000. ------ , President. George L. PUmsev. Cashier

4,969 The National Bank of Kasson, Minnesota. Capital, *50,000!
:
r- 8 Sling erland, President. E. E. Fairchitd. Cashier
4 ,9 7 0 -T h e Wick N itionat Bank of Youngstown. Ohio. Capital, $300,000 . Joh i C. Wick, President. Charles J. Wick, Cashier.
CORPORATE EXISTENCE EXTENDED.

2,158 T h^First National Bank of San Jose, California, until Ju ly 11
2,160 Th^N ational Exchange Bank of Steubenville, Ohio, uutil J u ly
CHANGE OP LOCATION,

472—The location of the D eposit National Bank, Delaware County.
to the Deposit National Bank, Broom®
County, N. Y.; change approved July 2 1 ,1 8 9 4 .
v

The quotations for bullion are reported as follows:
J u ly 12. J u ly 5.

Sat.

Silver, per oz................. d
Consola,new , 2 %per ots,
do for account.. . . . .
Fr’oh rentes (inP aris)fr.
U. 8. 4s o f 19 0 7 ..............
Canadian P acific....... .
C ile. MU. & St. P a u l....
Illinois C e n t r a l..........
Lake S h o r e ............ .
Louisville & N ashville..
Mexican Central 4 s . . . . .
N. Y. Central & Hudson.
N. Y. Lake Brie &West’n
do
2d eon s............
Norfolk & Western, pref.
Northern Pacific p ref...
Pennsylvania...................
Phil. & Head., per share
Union Pacific...................
Wabash p r e f .............

(fo m m c rc la X a tn l m i s c e l l a n e o u s U r n s

Messrs. Pixley & Abell write as follows under date of
July 12:

GOLD.
L o n d o n Sta n d a rd .

E n g l is h F in a n c ia l m a r k e ts —P e r C a b le .

London.

The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows :
J u ly 13.

1892.
1,935,000
314.000
6 2 8 .0 0 0

The daily closing
quotations for securities,
&c., at ttLondon,
1*0
Kvr AnVvln n«
11_______ ____ 1 •
i
'

H
U
U
U
U
U

H

*
This week.
L ast week.
1893.
Wheat................. q rs. 2,892,000 2,975,000
3,108,000
Flour, equal to qrs.
275,000
298,000
300,000
M aize..................qrs.
519,000
541,000
444,000

IN LIQUIDATION.

!,099-T h e First National Bank of Denison, Texas, has gone into vol-

•*>'*»'>“ « • a»«»*
:,401 The Gate City National Bank of Texarkana, Arkansas h as

J u ly 12. J u l y 5 .
a.
28%

d.
28%

28%
30%
28%

29%
31
29H

by re80MiM‘ S S f t i S
INSOLVENT.

¡,401—The B lack H ills National Bank of Rapid City, South D akota is
.

°n July 13 plaoed in & hands of

I mports and E xports for the W eek .—The following are
the imports at New York for the week ending for dry good®
The following return shows the position of the Bank o ] S & t . ^ J L S 0 ™ k ending.*» general m erchaldisl
Jamiary &1SO total3 smce the begmnmg of the first week in
England, the Bank rate of discount, the price of consols, &c,
FOREIGN IMPORTS AT N EW YORK.
compared with the last three years:

1894.
J u ly 11.
£
C irc u la tio n ....................................... 26,042,910
P u b lic d e p o s its .
.................... 7,508,548

1393.
1892.
1891.
J u l y 12.
J u ly 13.
J u l y 15.
£
£
£
26,920,890 26,567,435 26,465,650
5,493,668
4,201,178
3,494,633
34,427,404 32,509,417 37,152,165
G o v e rn m e n t s e c u r i tie s ................ 12,970,083 13,707,044 13,290,491 12.423,006
25,227,414 24,894,172 30,461,943
19,113,811
16,601,953 15,952.483
29,584,701 26,719,388 25,968,033
P ro p , r e s e rv e to lia b ilitie s , .p. c. 65 15-16
47%
44 15-16
39
B an k r a t e ........................ p e r c e n t.
2
2
2%
2%
Consols, 2% p e r c e n t.................... 1019-16
99%
96%
96%
2.
33d.
39%d.
46%d.
109,986,000 117,583,000 135,369,000

The following shows the imports of cereal produce into the
United Kingdom during the forty-five weeks of the season
compared with previous seasons:
-!
1893-94.
1892-93.
Im portsofw heat.ow t.56,735,610 55,044,124
Barley............................27,644,313 14,624,115
Oat»................................ 11,621,101 11,953,105
P e a s ............................ 2,053,997 1,940,217
4,592,164 3,589,667
Beans...........................
Indian eo ra ......... .
32,143,230 27,664,912
Flour*............................ 16,837,522 17,907,676




1891-92.
59,719,970
15, 370,337
12.839,672
2,434,232
3 , 566,923
25,264,182
17,256,811

1890-91.
50,471,561
15,4 *1.061
13,600,698
1,800,314
2,724,064
25,703,565
13,982,270

For Week.

1891.

Dry Goods.......
Gen 1 mer’dise.

$2,584,780
7,571,079

1892.
$2,473,008
7,572,098

1893.

1894.

$2,814,232
6,785,984

$1,756,679
9 ,104,387

$10,155,859 $10,045,106
$9,600,216
$67,453,750 $68,658,188 $81,526,683
233,342,864 249,599,619 277,773,084
Total 29 weeks. $300,796,614 $318,257,807
$359,299,767

$46,017,744
196,401,89»

T otal...........
Since Jan. 1.
Dry G o o d s...j.
Gen’l mer’dise.

$10,861,066

*242.419.642

The imports of dry goods for one week later will be found
m 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 24 and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1891.
For the w eek ..
Prev. reported.

1892.

$7,184,772
$6,919,031
189,252,110 218,465,841

1893.

1894.

$7,014,714
$7,24 1 ,1 7 7
193,183,184, 200,079,326

Total 29 weeks. $196,436,882 $225,324,872
$200,997,898 $207,320.50 »
w iu m j a u o w a m e exports and imports of s n e c i A
the port of New York for the week ending j X 21 and E
a m u S * ’ 1894> aUd f°r the corresP°udinS periods in 189S

THE CHRONICLE

r 142

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Im ports.

Exports.
Gold.

Since J a n . 1.

Week.

Week.

Since Jan. 1

G reat B ritain............
France..........................
G erm any.....................
W est In d ies................
M ex ico ........................
South Am erica..........
A ll other cou n tries..

$14,588,800
$2,500,000 17,857,999
800,000 27,850,000
12,040,469
47,205
516,167
4,582
851,785

$440 $1,686,084
6,227,096
1,659,567
627,415
7,268
36,405
7,592
442,421
5,785
84,388

Total 1 8 9 4 ...........
Total 18 9 3...........
Total 1 8 9 2 ...........

$3,304,582 $73,752,425
5,500 68,681,975
45,805,863
Exports.

$21,085 $10,763.376
9,241.296
1,173,893
6,352,103
44,583
Im ports.

Silver.
G reat B ritain.............
W est In d ies................
South Am erica...........
A ll other cou n tries..
v

Total 1 8 9 4 ..........
Total 189 3 ...........
Total 1892...........

Since Jan. 1.

Week.

Week.

Since Jan. 1.

$486,950 $17,986,401
201,000
139,100
126,816
37,835
704,413
14,557
36,411

2,275
180
800

$10,303
99,041
3,409
291,025
153,672
287,822
28,420

$501,507 $19,231,976
1,123,500 17,794.714
44,000 12,335,790

$3,655
30,149
77,467

$873,692
2,199,086
1,267,075

$400

Of the above imports for the week in 1894 $7,980 were
American gold coin and $1,258 American silver coin. Of the
exports during the same time $8,804,582 were American gold
coin.
City R ailroad S ecurities—Brokers’ Quotations.
B id .
A tla n . A v e ., B ’k ly n —
Cou. 5s, g ., 1 9 3 1 ...A & O
G en . M . 5s, 1 9 0 9 ... A & O
I m p t . 5 s , g., 1 9 3 4 ...J & J
B te e k . S t. & F u i. F .—S tk .
B ’w ay & 7 th A v e .—S to c k .
l s t m o rt., 5s, 1 9 0 4 . J & D
2 d 5s) In t. a s r e n t ’1.1905
P ^ o o k ly n C ity —N e w s tk .
B ’k ly n C ro s s t’n 5 s . 1908
B ro o k ly n T r a c tio n .............
C e n tr a l C ro s sto w n —S t k ..
C en . P k .N .’& È . R i v —S tk
C onsol. 7s, 1 9 0 2 ....J & D
C h r is t’p ’r & lO th S t.—S tk .
I s t m o rt., 1 8 9 8 ---- A & O

B id . A sk .

A sk .

D. D. E . B . & B a t’y —S t k . . 132 135
1 s t, g o ld , 5s, 1 9 3 2 ..J & D 105
103
99 101
100
E ig h th A v e n u e —S to c k - . . . 250
100 105
30
4 2 d & G r. S t. F e r .—S to c k 300
108
55
4 2 d S t.& M an .& S t.N .A v . 50
185 188
106 uj'pp!' 1 1 s t m o rt. 6s, 1 9 10..M & S 110 112
2 d m o rt, in c o m e 6 s . J & J 53
108
H . W . S t. & P . F e r .—S tk . 200
108
1 s t m o rt., 7 s, 1894. .J & J 100
103
1 0 9 7h i:o * s L o n g I s la n d T r a c tio n ........ 14 s8 15
M e tro p o lita n T r a c tio n —
169
167
114*4 112*s N in th A v e n u e ...................... 139
S eco n d A v e n u e —S to c k ... 132 135
105
l s t m o r t . , 5s, 1909.M&JS 102
1 2 12 14
S ix th A v e n u e —S to c k ........ 200 206**
150
T
h
ird A v e n u e ...................... 184 184
120
115
l s t m o r t . , 5s, 1 9 3 7 .. J & J 115
150 155
T w e n ty -T h ird S t.—S to c k . 290
110
D eb. 5.8, 1 9 0 3 ................... 100
140 145
105

.......

___

N. Y. and Brooklyn Bas Securities—Brokers’ Quotations.
GAS COMPANIES.
Brooklyn Gas-Light........
Central...... -—
Consumers’ (Jersey City).
Bonds.............................
Citizens’ (Brooklyn)........
Jersey City & Hoboken..
Metropolitan—Bonds.......
Mutual iN. Y ....................
Nassau (Brooklyn).........
Scrip.................. -..........
People’s (Brooklyn).

Bid. Ask.
103
105
50
85
180
105
150

1Ö0'

107
"62"
60*

155

GAS COMPANIES.
Peoples’ (Jersey City)---Metropolitan (Brooklyn).
W illiamsburg..................
Bonds, 6 s .......................
Fulton Municipal.............
Bonds, 6 s ......................
Eguitable...........................
Bonds, 6s. — ..... ...*...
Standard pref.. . . . . . . . . . . .
Common......... .

Bid.
170
132
135
105
125
105
100

80
25

136

140
127*

i*8*2*
*3*0*

*70*

—The reorganization committee of the Northern Pacific
Railroad announces that its last circular to the second, third
and consolidated mortgage bondholders has so increased the
deposits of bonds under the committees’ agreement that a
majority of the third mortgage bonds has been secured and
the trust certificates issued for the same have been listed on
the New York Stock Exchange. The committee calls the
particular attention of bondholders to the facts that while the
second and third mortgages cover only the so-called main line
of 2,136 miles, the consolidated mortgage, though a junior
lien on the same main line mileage also holds the first lien on
branch lines of 1,184 miles and in addition thereto 36 per
cent, or $5,080,000 out of $13,977,000 of first mortgage bonds
on other branch roads of 614 miles, which is 36 per cent, or
224 miles, thus constituting for the consolidated mortgage
bonds a total first lien mileage of 1,408 miles. Experience in
many cases, and a careful study of this particular railroad
problem, have convinced the committee that prompt and
united action by the three classes of main line bondholders
represented by it will secure important economies and re­
forms now greatly needed, and may result in the control of
the property by the mortgage creditors for a longer or shorter
period after reorganization, with full protection to their re­
spective liens, and with the best obtainable results to all in­
terests. The deposit of a majority of the third mortgage
bonds makes it more important that the holders of the con­
solidated bonds should also deposit their bonds with this com­
mittee, that they may participate in the reorganization thus
assured.
—The attention of investors is called to the advertisement
of Messrs. H. Amy & Co. on the first page of our I n v e s t o r s ’
Supplement , issued to-day, offering the first mortgage 7 per
cent bonds of an ore smelting company in Durango, Col.
Messrs. Amy & Co. invite an examination of this security,
which they recommend as a desirable investment.
— An attractive list of municipal bonds will be found ad­
vertised in our State and City Department by Messrs. W. J.
Hayes & Sons, New York, Boston and Cleveland,




[VOL. I

IX.

—The Knickerbocker Trust Company’s branch office,
which for several years has been at No. 18 Wall Street and
No. 3 Nassau Street, has been moved to the new building of
the Manhattan Life Insurance Company, No. 66 Broadway,
running through to New Street, the first floor of which it oc­
cupies. The Knickerbocker Trust Company has also
elected a new President, Mr. Robert Maclay having been
chosen at the last meeting of the board of directors. Mr.
Maclay is widely known among conservative and substantial
business men. As President of the Knickerbocker Ice Com­
pany he has successfully conducted that business twenty
years. He also is Vice-Pr esident of the Bowery Savings Bank
(which has nearly $60,000,000 in deposits) and director in the
People’s Bank.
— The committee under the trust indenture of the Union
Pacific Railway Company dated September 4,1891, consisting
of Mr. J. Pierpont Morgan and others, advises holders of Union
Pacific Railway Company 6 per cent collateral trust notes,
maturing August 1st next, in view of the early maturity of
these notes and of the financial condition of the Union Pacific
Railway Company, not to press the collection of the principal
at present; it being understood that the interest shall be
regularly paid and that neither the trustees nor the committee
shall waive any of their rights or powers on behalf of the
note holders under the trust indenture or bind themselves not
to sell the collateral whenever they may deem it advisable to
do so.
—The protective committee of the first mortgage bond­
holders of the Duluth & Manitoba Railroad Company an­
nounces that holders of more than a majority of the first
mortgage bonds having signed the agreement of April 4 last,
the same is therefore operative. Bondholders who have
signed the agreement are requested to deposit their bonds im­
mediately with the New York Guaranty & Indemnity Com­
pany, and to receive therefore negotiable certificates of de­
posit. Bondholders who have not signed the agreement
should do so and make deposit of their bonds before Aug. 15,
after which date their assent will be accepted only on such
terms as the committee may impose.
—The Western New York & Pennsylvania Reorganization
Committee has limited the time for depositing the securities
of the company under the present penalty until Sept. 17, in­
clusive, after which date the penalty will be 2 per cent on the
bonds and scrips and one per cent upon the shares until Oct.
15, inclusive, after which date no deposits will be received.
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. R. Y. Harnett & Co.:
Shares.
500 Jolm P atten Manufac­
turing C o....................... 20
306 U niversal Lasting Ma­
chine Co....... ................... 20

200
25
54
40

Shares.
Weber Piano Co.............. 3
N at Park Bank...............282
H W. Downs C o ..........$50 lo t.
H ornellsville Wat. Co. 50 lo t

By Messrs. Adrian H. Muller & Son :
Bonds.
$10,000 W. & J. Sloane 6s
Deb. Bonds, 1910. J& J.__1 0 0 5s
$3.000 kindtrhook& H udson
Ry. Co. 1st 6s, 1909. Dec.,
1893, Coupous o n ................. 10
$1,000 B u tte City (Montana),
Water Co. 1st 6s. 192 1 ........ 8 0
$2,000 Escanaba Water Wks.
Co. 6s, 1911, April, 1894,
Coupon on ..................- ........ 5 -1 0
$ l,0 0 o Homer W aterw orks
Co. 1st 6s, 1905, Jan., ’94,
Coupons on .......................... 10
$4,000 Kankakee Water Co.
6s, 1912. January, 1894,
Coupons o n ........................
5
$1)0»
o Green Island Water
common ............. J
Co. 6s, 1908. March, 1894,
3 N. Y . Produce E x B a n k .122
Coupon on ................................. 5
100 Phénix Insurance Co. of
$2,000 Consol. RR. Co. of Vt.
Brooklyn.......................... H I
5s, 1913 .................
85^
31 U. S. Projectile Co,.........100
5 Standard Gas L. Co., p f. 79^1 $1,500 Ogdensb. & L. Champ.
RR. 1st <onsol. 6 s.............. . 10214:
25 B ’klyn Traction Co., p f.. 60
35 B ’klyn Elev. RR. C o ..... 10*4 $2oO Ogdensb. & L. Champ.
RR. Income Bonds.................. 5
Bonds.
$3,000 D etroit & Bay City
$2,000 Harlem & Portchester
RR. 8s, Guar. M & N .121* & in t.
RR. 1st 6s, 1903. A&O....11858
$15,000 Sibley Mfg. Co. 1st
6s, 1903. F&A......................10078

Shares.
25 Nat. Bank of Commerce. 175%
12 LeatherM frs.Nat. Bank. 192
9 Market & Fulton Nat.
Bank..........v.......................214
1 New London Nor. E R ... 186
1 Farmers’ Loan & Tr. Co.736
2 Amer. Powder Mills Co. 102
3 Hannibal Bridge Co....... 100>4
47 Terre H aute & Ind. R R .lO ltg
23 U. 8. Life Ins. Co............ 124
283 Crown Point Iron Co---- 10
50 Addison RB. Co............... 4 5 1fl
15 P hénix Nat. B an k........... 121*3
20 Pratt & Whitney, )

S

a

t *

a uÄ F in a n c ia l.

S pen cer T ra sk & Co.,
B A N K E R S,
I W ALL

STR EET,
NEW
S t a t e a n d J a m e s S t r e e t s , A lb a n y ,

YORK.

>nds a n d S to ck s B o u g h t a n d S old o n C om m ission. D e a le rs In S ta te , C ity and

S amuel D. D avis & Go.»
BANKERS,
N O . 4 0 W A L L S T ., N E W Y O R K .

Sam uel

D,

D a v is .

Ch a s ,

B,

Y a n N o strano,

THE CHKONICLE.

J uly 28, 1894. (

To-day’s actual rates of exchange were as follows: Bankers*
sixty days sterling, 4 87%(g4 87%; demand, 4 88%@4 88%;
cables, 4 88%@4 88%,
Posted rates of leading bankers are as follows:

^ixje |p a t x k t x * 7 (& K Z Ú U .
D I V ID E N D S .
Name o f Company.

Per
When
Cent. Payable.

R a ilr o a d s .
Cin. Ham & Dayton, com. (quar.)
-Great Northern, pref. (quar.)___
K . C. St. L. & Chic., pf. gu. (quar)
Louis. & Mo. River, pref., guar..
Rome Wat. & Ogd., guar, (quar.)
S t. P. Minn. & Man., guar, (quar.)
Toledo & Ohio C en t, pf. (quar.).
’W rightsville & T en n ille..............
B an k s.
Corn E xchange...............................
Lincoln National (quar.)..............
N ew York National E xchange ..
T r u s t C o m p a n ie s .
Farmers’ Loan & Trust (quar.)..
-Hamilton, Brooklyn (quar.)___
K ings County. Brooklyn (quar.).
Nassau, Brooklyn..........................
People’s, Brooklyn (q u a r .).......
m is c e lla n e o u s .
Am. Soda Fountain, com. (quar.)
do
do
l s t p f (quar.)
do
do
2d pf. (quar.)
B lackw ell’s Durham Tobacco.
Central Gas of New Y o r k ...........
Procter & Gamble, com. (annual.)
N ew E u g. Telep. &Teleg. (quar.).

Booles Closed.
(D ays inclusive.)

1%
3

Aug.
4 July 24
Aug.
1 July 20
Aug.
1 ---------Aug.
1 ---------Aug. 15 Aug. 1
Aug.
1 July 15
Aug 20 Aug. 11
— ------

6
2ia
3

Aug.
Aug.
Aug.

1 Ju ly 27 to Aug. 1
1 July 26 to July 31
1 ---------- t o -------------

5
2
2
3
2

Aug.
Aug.
Aug.
Aug.
Aug.

1
1
1
1
1

Aug.

4 ---------- to ----------

1%
1H
l*a
31«
1%

21«)
l 1«^
2 >
3
2
12
1

July
July
July
July
Ju ly

21
26
27
27
26

to Aug. 5
to Aug. 1
to ---------t o ---------t o ---------to Aug. 2
to Aug. 20
to -----------

to
to
to
to
to

July
Ju ly
July
Aug.
July

31
31
31
2
31

July 21
Aug.
1 July 21 to ---------Aug. 15 Ju ly 26 to Aug. 15
Aug. 15 Aug. 1 to Aug. 15

W A L L STR E ET. F R ID A Y , JU L Y 2 7 , 1 S 9 4 -5 P . M .

The Money Market and Financial Situation.—The devel­
opments of the week have not been calculated to stimulate
our languishing markets. The long-continued struggle over
th e tariff bill seemed to be approaching an end of some sort,
when all was again thrown into uncertainty by the quasi
-contest between the President and the Senate. And now
who can foretell the outcome ?
The whole market for railroad securities was depressed
•early in the week by the damaging reports about Atchison.
The expert accountant employed to examine the books had
intim ated that in the four years 1889-1893 the net income of
the company had been reported in the monthly statements
and annual reports as over $7,000,000 greater than it really
was. This has not been met by the officers with a prompt
-denial, and it is generally accepted as true. It is not right to
prejudge any case, or to condemn any person unhear d, and
therefore the full statement of expert Little and the explana­
tion of the officers, if there is any explanation, will be awaited
w ith the deepest interest.
It is hardly possible to comment on our market this week
without recalling the events of the corresponding week last
year. Then we were in the midst of the financial crisis ; on
J u ly 25 the Erie road went into receivers’ hands, and on the
26th and 27th many stocks touched the lowest prices of that
-disastrous year. Bad as the depression is at present, it is well
to remember that we are certainly on the road to recovery,
-and last year at this time we had not even made any progress
towards silver repeal.
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 3 to 3% per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £149,457 and the percentage
of reserve to liabilities was 66'65, against 66’06 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
Prance shows an increase of 8,075,000 francs in gold and
1,450,000 francs in silver.
The New York City Clearing-House banks in their statement
of July 21 showed an increase in the reserve held of $66,300
end a surplus over the required reserve of^$74,113,600, against
$73,941,375 the previous week.
1894.
J u ly 21.

Dffiren'sfrorm
tre t), week.

1893.
Ju ly 22.

1892.
Ju ly 23.

$
61,622,700
72.145.800
482,642,600
9,980,600
589.100.800
91.044.800
130,344,000
221.388.800
147,275,200

$

$
60,422,700
71,594,800
409,191,500
6,025,300
390,476,200
63,853,300
32,509,200
96,362,500
97,619,050

$
60.372.700
67.439.700
480,378,200
5,455,400
524,047,600
91,257,800
62,817,900
154,075,700
131,011,900

_ Surplus reserve 74,113,600 I n c . 172,225 Df.1256,550

23,063,800

C apital..................
S u rp lu s................
Doans & disc’n ts.
C ircu lation .......
N et deposits.......
S p ecie...................
Legal tenders___
Reserve held.......
Legal reserve___

Dee.
Dec.
Dec.
In c.
Deo.
In c.
Dec.

87,600
li. 8,200
423,700
209,800
143,500
66,300
105,925

Foreign Exchange.—The market for bills has been very
strong all the week and gold shipments have been renewed on
-quite a large scale. There are very few commercial bills
offering against present shipments and only moderate offer­
ings against future exports, while as to securities the conclu­
sion is inevitable that our stocks and bonds are not now in
favor with foreign buyers, even at the depressed prices ruling.
Total shipments of gold this week amount to $5,300,000, of
which $4,800,000 goes to morrow,




143

Sixty Days.

J u ly 27.

Prime bankers’ sterling hills on L ondon.. 4 87 Ja@4 88 4
Prime com mercial............ . ................... 4 86%@4 87
4
86 1*
5 171a@5 1678 5
40316@40%
Frankfort orRrem en (reichmarks) b’nkers 9538@951a

Demand.
89 @4 891a
15®8@5 15
4038 ®40716
95% 0957s

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buving
par, selling % premium; Charleston, buying par, selling %
premium; New Orleans, bank 75c. premium ; commer­
cial p a r ; Chicago, 15c. per $1,000 premium; St. Louis, 50c,
per $1,000 discount.
United States Bonds.—Government bonds were more in
Interest Ju ly
Periods 2 i:

J u ly
23.

Ju ly
24.

Ju ly
25.

J u ly
26.

J u ly
27.

2s, ........................ reg. Q.-Mch. * 96 * 96 * 96 * 96 ‘ 98 * 96
4s, 1 9 0 7 ... .........re«. Q .-Jan. -114 *114 *114 *114 *113% 113%
4s, 1907.
..coup. Q .-Jan. *114 *114 *11438 115 *114ia *1141*
5s, 19 0 4 .............. reg. <5..- Feb. *118 *118 *118 *118 *118 *118
119
5s, 1904............ coup. Q - Feb. *11914 *119 *119 *119 *119
6s, eur’oy,’9 5 ....r e g . J. & J. *101 *101 *101 *101 *101 *101
6s, our’cy,’96 ___reg. J. & J. *104 *104 *104 *104 *104 *104
6s, cur’cy,’97___reg. J. & J. *107 *107 *107 *107 *107 *107
6s, our’cÿ,’9 8 ___reg. J. & J. *109 *109 *109 *109 *109 *109
6s, our’cy.’99._..reg. J. & J. *112 *112 *1)2 *112 *112 *H 2
104 * 95 * 95 *100 *03-5*a
4s, (Cher.)’96-99.reg. March. A 95
‘This is th e Drice bid a t che m orning board ; no sale was made.

United States Snb-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
Date.

Beeeipts.

P aym en ts.

July 21
“ 23
“ 24
“ 25
“ 26
“ 27

$
2,375,247
2,499,463
2.468.225
1.805.226
1,926,140
2,077,065

$
2,746,686
2,626,172
3,494,698
1,779,882
1,978,912
2,240,282

Total

13,151,366

14.866,632

Coin.
$
76,969,349
76,213,675
76,053,042
75,883,085
73,590,980
70,602,761

B alances.
Coin Cert’s. Currency.
$
2,078,449
1,913,248
1,779,861
1,924,000
1,975,926
2,073,614

$
56,950,987
57,745,051
57,012,593
57,063,760
59,251,167
61,978,480

Coins.—Following are current quotations in gold for coins:
S overeign s..........$4 87
Napoleons............ 3 88
X X Reichmarks 4 80
25 P esetas......... . 4 80
Span. Doubloon s. 15 55
Mex. Doubloons. 15 55
Fine gold bars... . par

@$4 91
® 3 95
® 4 90
@ 4 90
@15 75
@15 75
@% prem.

Fine silver b ars.. — 6234® — 63 *a
Five f r a n c s .......— 90 @ — 95
Mexican dollars.. — 51 @ — 52
Do uncoin’c ia l..------@ — —
Peruvian s o ls ..... — 5 0 ^ ® — 52
English silv er___ 4 80 @ 4 90
U.S. trade dollars — 55 @ — 65

State and Railroad Bonds.—Sales of State bonds at the
Board include $148,000 of the Ya. 2-3s of 1891 from 58% down,
to 58 and $5,000 S. Car. 4%s at 100%.
Railroad bonds have been dull as a rule while the Atchison
issues have been active at declining prices, owing to the re­
ports of an over-statement of earnings during the past few
years. Such a fact, if true (and it has yet met with no sub­
stantial denial), is unquestionably damaging to all the Atchi­
son securities and would naturally prejudice foreign holders
against them even more than our own people. To-day the
Atchison 1st 4s close at 70% and the 2d class A at 21.
Other bonds have been dull and prices not strong as a rule,
but the Richmond Terminal issues hold their own very well.
Among the more or less popular bonds the Iowa Central 1st
5s sell about 90, M. K. & T. 1st 4s at 78%, Northern Pacific
1st 6s at 108%, Rock Island Exten. 5s at 101%, Ontario &
West, refunding 4s at 85%, Phil. & Reading geni. mort.
4s at 75%, Rio Grande We3t. 1st 4s at 63%, Scioto Valley
& New England 1st 4s, guaranteed, at 69. These prices
give an idea of the present standing of a number of bonds
that rank among those that are believed to be well secured,
for both interest and principal.
Railroad and Miscellaneous Stocks.—The stock market
has been dull, even for a midsummer period, and the indus­
trials have again taken most of the business. On Monday
there was some activity and railroad stocks were sold down
on the Atchison reports. Sugar has led in point of activity,
and under the general impression that the Senate bill will
pass, including the % cent on refined sugars, or else that the
whole tariff bill will fail and the McKinley law remain un­
changed, the price advanced to 105% on Tuesday and closes at
102%. Distilling & Cattle Feeding has been very weak, ap­
parently owing rather to the methods of financing than to
fear of injury from the tariff, and closes at 18%, against 19%
last week. St. Paul, Burlington and Rock Island are dull, and
holders are waiting for some better showing of earnings.
Atchison declined under the bad reports to 3 on Monday, and
closes at 3%. Missouri Pacific has held up very fairly
against the Atchison influence and possibly against some
selling for the bear side. To-day the Wheeling & Lake
Erie pref. sold from 37 down to 32% at the morning board;
the August dividend has been passed. Richmond Terminal
has been active at times, closing to day, “ 5th instalment
paid,” at 14%. National Lead is duli, U, S, Leather doses
at 9% and L, I, Traction at 14%,

THE CHRONICLE.

144

fV o L . L 1 X .

NEW YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending J U L Y 2 7 , and since JAN. 1, 1894.
H IGHEST AND LOWEST PRICES.
Saturday,
J u ly 21.

Monday,
J u ly 23.

3%
3% 3%
*% 1
'8 1%
73
73%. .73% 73
*62% 63%
*63
64
*48*2 49% *48% 49%
*106% 107 *2 *106% 107%
163s 16% 16% 16%
142 142
*140 142
75% 75% 74% 75%
59% 59%
*118 119
*104% 105
*141 143
67% 67%
*35% 36%
*114 116%
*36% 37%

57%
*118
103%
'140
66%
35%
'114
35%

58%
119
104%
143
67%
35%
117
36%

Tuesday,
Ju ly 24.

3% 3%
3% 3%
'% 1
%
%
*71% 73
*71% 73
63%
*62% 63% *63
49
49
49% 49
106% 108 *106% 107%
16% 16%
17
17
140 142 *140 142
74% 75% 74% 75
58% 58%
119% 119%
104% 104%
143 143
6 6 % 67
35% 36%
114 117
*35
36%

*16% 17% 17% 17% *17
*60
66
60
60
60
130% 130% 130% 130% 130%
163% 163% 163%
*6% 7
*12
14

8%

25% 27

8%

10 % 10 %
S......... 53
98% 98%
91% 91%
9
9
*33
35
*15% 16%
*65% 67%
129% 129%
*86% 89
44% 45%
*7
8
*23% 26%
*1% 5
115 115%
94
94
*4
5
*12
20
*13
16
*12% 13% 13% 13%

*......... 53
*99 102
*90% 92
*9
9%
*32
35
*15% 16%
*65% 67%
*129% 131
*86% 89
45% 45%
7% 7%
26
26
*1% 5
115% 115%
*93
95
*4 . . . .
* 20 %

26
*18

W ednesday, Thursday,
Ju ly 26.
July, 25.

57% 58%
'118 119
104 104
141 142%
65% 66%
*35% 36%
116 116
35% 36%

18
60
130%
163%

*17% 18
*60
66
131% 131%
162 162

*25% 26%

26% 26%

'......... 53
*99 102
90% 90%
9% 9%
*33% 35
*15% 16%
*65% 67%
129% 130
89
89
45% 45%
*7
8
*23% 26%
*1% . . . .
115% 116
'9 4
95
*4 ___
*13 ___
*12% 13

53
*99% 102
91
91%
*9
10
34
34
*15% 16%
*65% 67%
129% 129%
87% 87%
45
45%
6% 6%
*22
26
*1% 5
114 115%
94
95%
3% 4
17
17
12% 12%
21 % * 20 % 21 % * 20 % 21 %
21
21
26% 23% 26
24% 24% 23% 24%
20
17% 17% 18% 18% *18
20

98
*12%
*60
*25
*13%

98
98
98
14% *12% 14
68
*60
68
27
*25
28%
13% 13% 13%
*27
29
14% 14% 14% 14%
178 185

14% 14% 14%
*14% 14% *14
*40
41
*40
*3% 4
*3%
*19%
4
4
3%
*13% 14% 13%
*14
18
*15
*12
20
*12
*4% 6
*4%
*2% 3% *2%
17% 16%
*17
*10% 12
11%
*41% 43
*41%
12% 12% 12
*17
18
17%

14%
14%
41
4%
19%
3%
13%
25
20
6
3%
17
11%
45
12%
17%

97% 97%
*12% 14
'61% 68
*25
27%
13% 13%
28% 28%
14
14
175 185

96% 97%
*12% 14
'6 2
68
*25
28%
*13% 14
*27% ___
14% 14%
175 185

14% 14% 14%
*14
14% 14%
40% 40% *40%
*3%
*18% 19% *19%
3%
3% 3%
12% 13% 12%
*15
25
*15
15
15
*13
4%
5
5
*2% 3
*2%
16%
17
17
* 10% 11%
10%
*42
45
*42
18% 18%

14%
14%
41
4%
3%
13%
18
17
4%
3
16%
10%
45

17% 17%

< *3%
*7

*3% 4% *3% 4% *3% 4%
8% *7
8
*7
*7
9
*22
*22
26
26 ! *22
26
*85
*85
95
95
*85
95
104% 104% * 102 % 105
101 104%
17% 17% 17% 18% 17% 18
8% 8%
8% 8%
8% 8%
4% *4
4%
4
4% *4
*34
*34
35
*34
35
35
75
*69
75
*69
*69
75
*10
8% 9
8% 9%
8% 9
*3% 4
3
3% 3% *2
3
*6
6
6% *6
6% *6
6% *6
*13% 14% 13% 13% 13% 13% *13% 13%
10 % 10 % 10% 10 %
9% 10%
10% 10%
*41
42% 42% 40
43
41%
3
*1% 2%
2
2
1% 1%
3

4%
8%
26
*85
95
*101 104
17% 17%
*8% 8%
*4
4%
*34
35
*69
75
*22

§*26% 27%
f*68% 70

26% 26% *26% 27% *26% 27%
70
69
69%
70
70
70

\ 101%

102 % 101% 105% 103% 105% 103% 104%

*101

102 %

94
94
85% 86

94%
94% 94% 94
86
86
86
86
103
102% 102%
74% 73% 74%
75% 73
*6
7
7
*6
7
*23% 26
*23% 26
26
126 *123% 125 '123% 125
19% 17% 18% 17% 18%
36% 36% 35% 36%
36
37% 38%
39% 38% 39
84
84
84% 83% 85
2% 2% *2% 3
3%
12% 12%
14
12% 12
*14% 15%
'......... 84
84 '......... 84
160% 159% 160% 156 158

94% 94%
85% 86

102

75
75% 74
*6
*6
7
*23%
*23% 26
124 125
123%
18% 20
17%
36
36% 35%
*38
37%
39
83%
83% 84
*2%
2% 3
12%
*14% 16
*......... 84 '.........
160%
1 59% 160

102

*101

18% 18%

18% 18%

18

21 % 21 %

20 %

20 %

21 %

*35
35
36
*35% 37
*34%
36
36
*34
36
85% 85% 84% 8538) 84%
* These are bid and asked: n o




18% *17% 18
20 %

20

36% 35
*34%
36
85% 84%
sale made.

20 %

Friday,
Ju ly 27.

STOCKS.

Sales of
the
Week,
Shares.

Range for year 1894.

Lowest.

H ig h est

A c tiv e H R , S to c k s .
3 July 23 16 Mar. 14
3% 4% Atchison Topeka & Santa F e. 12,035
3% 4
610
% Jan. 2 1% Mar. 28
*% ....... Atlantio & P acific.. . . .
*%
%
310 67 Jan. 2 81% Apr. 6
*71
73 Baltimore & O hio.......
*71
73
200 62 %June 11 73% Jan. 18
*63% 64% 63% 63% Canadian P acific........
2,005 47 Jan. 3 52% Mar. 31
49% Canada S outhern........
49% 49% 49
104 Mav 31 117% Mar. 8
106% 108 '106% 108 Central of New Jersey
810 16 May 21 20% Apr. 7
16% 16% 16% 16% Chesapeake & O hio. . .
150 130 Feb. 12 142 J u ly 5
140% 142 '140 142 Chicago & A lto n .........
74% 74% 73% 75 Chicago Burlington & Quincy 27,682 73% Jan. 3 84% Mar. 21
52 June 1 55 Feb. 27
Chicago & Eastern Illin o is...
93 May 23 97 Jan. 18
Do
pref.
57% 58% 57% 58% Chicago Milwaukee & St. Paul 69,085 54% Jan. 3 65% Apr. 6
80 116 Jan.
123% Mar. 13
118% 118% '.........118%
Do
pref.
2,933 97 Jan.
104 104% Chicago & Northwestern
110% June 7
104 104
9 135% Jan.
145 Apr. 9
142% 142% 142% 142%
Do
pref.
72% Apr. 7
65% 66% 65% 66 Chicago Rock Island & Pacific 12,321 61% Jan.
1,200 32% Jan.
41% Apr. 7
35% 35% 35% 35% Chicago St. Paul Minn. <fc Om,
30 109% Jan.
116 Apr. 16
116 116 '114 117
Do
pref.
970 31 Jan. 10 41% Mar. 19
36 Cleve. Cincin. Chic. & St. L..
35% 35% 36
78 Jan. 18 88 May 12
Do
pref.
100 15% Ju ly 11 20% Mar. 31
*16% 17% Columbus H ocking Val. <fe Tol
*17% 18
50 57% May 23 66 Jan. 12
*55
65
*55
65
Do
pref.
1,360 126% Ju ly 9 144% Apr. 7
130% 130% 130% 131% Delaware & Hudson
554 158 May 21 170% Jan. 16
163% 163% Delaware Lackawanna&West
162 162
9% June 6 11% Apr. 16
*8
10 Denver & Rio Grande
*8
10
1,900 24 June 22 34% Apr. 11
Do
pref.
26% 26% 27% 27%
||% Jan. 19
7 July 16
E.T.Va.&Ga.,cert. 3 d a ss’tpd,
11% June 23 13% June 22
Do 1st pref., cert. 3 d a ss’tpd,
200
4% Mar. 28 10% Ju ly 23
Do 2d pref., cert. 3d ass’tpd,
51 July 17 68 Apr; 20
. . . . . . 53 E van sville & Terre H aute___
53
30 100 Jan. 4 106 Apr. 9
*99% 102 Great Northern, p ref.............
*99% 102
315 89 Ju ly 9 95 Max. 29
91% 91% *90% 91% Illinois Centr'al.......................
Q
Q Iow a Central...........................
320
6 Jan. 2 11% Apr. 3
10
*9
400 23% Jan. 4 39% Apr. 9
32% 33
35
*33
Do
pref
120
13%
Jan. 12 17% Mar. 30
15%
15%
Lake Erie & W estern.............
*15% 16%
63 Jan. 3 70 Mar. 31
*65% 67%
Do
pref
453
118%
Jan. 3 133% June 2 0
131
131
Lake Shore & Mieh. Southern
130% 130%
160 87 May 22 100 Jan. 2
*86% 88% ' 86 % 88 % Long Islan d ..................
5,020
40%
Jan.
12 52% Mar. 31
45%
46
45% 46%
Louisville & Nashville
225
6 June 5 10 Jan. 22
7% 7% Louisv. N ew Alb. & Chicago.
*7
7%
200
19
July
9 40 Jan. 6
26
26
26%
*22
Do
pref.
1% Apr. 2
1% Feb. 7
*1% 5 Louisville St. Louis & Texas.
2,400
127% Apr. 26
113
Mav
23
114%
114%
Manhattan Elevated, consol..
114% 115
187 94 July 23 100% Feb. 3
96 Michigan Central.....................
95% 95% '94
1,375
3% July 25 13% Apr. 7
3% 3% M inneapolis & St. L., tr. rects
3% 3%
105 15% July 20 38% Apr. 9
18
18
Do
pref. ,tr. rects.
*16
18
620
12
June 23 16% Apr. 7
*12% 13% Missouri K ansas & T exas___
*12% 13
400 18% June 25 27% Apr. 9
Do
pref.
*20% 21% *20% 21
24,095
18%
Jan.
5 32% Apr. 7
23% 24% 23% 24% Missouri P acific...
101 15% Jan. 3 22 May 15
*18
20 Mobile & Ohio___
*18
20
74 Apr. 18
70
Jan.
19
Nashv. Chattanooga&St.Louis
2,166 95% May 24 101% Mar. 30
97% 97% New York Central & Hudson
97
97
13% May 22 16% Apr. 9
*12 % 14%; New York Chicago & St. Louis
*12% 14
64 May 21 75% Feb. 3
*62
68
*62
68
Do
1st pref.
26 July 12 34% Apr. 2
28%
Do
2d pref.
*25
28% *25
930 11% June 25 18% Mar. 28
14
14 New York Lake Erie & West’n
14
14
110
25% May 21 39% Mar. 27
Do
pref.
*27% . . . .
810 || 3% May 19 ||14% Jan. 23
14% N.Y.& N .E ., tr. recs.2dins.pd
13% 13% *14
178 July 11 195 Mar. 15
'181 184 New York New H aven& flart.
'181 185
6 Apr. 26
5% May 24
New York & Northern, p ref..
1,048 14 June 25 17% Apr. 6
14% 14% 14% 14%|New York Ontario & Western
510 13% Ju ly
16% Mar. 14
14% 14% 14% 14%INëw YorkSusq. & W est.,new
535 36 May 21 46% Mar. 5
40
40
Do
pref.
40
40
3 4 July 3
7% Apr. 3
3% 3% Norfolk & Western
17% Jan. 19 26 Apr. 9
20
Do
pref.
*18% 19% *19
6% Mar. 20
1,080
3% June 22
3% 3% Northern P acific..
3% 3%
6,119 12% May 21 23% Mar. 30
Do
13% 13%
pref.
12% 13
25
Ohio
S
o
u
th
ern
....
*14
*14
18
110 10 June 20 30 Mar. 7
17 Oregon R’y & N avigation Co.
*13
*13
17
4% Jan. 2 10% Apr. 6
600
4% 4% Oregon Sh. Line & Litah North
*4% 5
5% Mar. 31
3 June 23
*2% 3 Peoria D ecatur & E vansville.
*2% 3
6,980
14%
May 21 23% Mar. 14
Philadelphia
&
Reading.........
17%
17%
17
17%
350 10% July 12 15% Apr. 6
10 % 10 % *10% 12 Pittsburg Cinn. Chic. & St. L.
42 July 20 53 Apr. 7
45
*42
Do
pref.
*42
45
4,420 || 2 Jan. 15 12% J u ly 18
R.&W.P. Ter.,tr. r.4 th asst.pd
12% Feb. 7 18% Apr. 6
1,075
Do
pref.
tr.
rects.
18
18
18
18
15 Feb. 1 15 Feb. 1
Rio Grande W estern................
Do
pref.
5% Apr. 5
4 Jan. 4
*3% 4 St. Louis Southwestern...........
*3% 4
7 July 11 11 Apr. 5
78
Do
pref.
7
7%
*7
8
22% Jan. 18 27 Apr. 23
*23
26 St. P aul & D uluth.....................
*22
25
88 Jan. 8 95 Mar. 29
Do
pref.
*85
95
*85
95
150 100 Jan. 6 107 May 5
4 0 1 104% St. P aul Minn. & M anitoba...
105 105
17% Ju ly 23 25 Mar. 14
1,950
Southern
Pacific
C
o
...............
17% 18%
17% 18
7 Jan. 2 10% Apr. 5
1,520
8% 8% Texas & Pacific.........................
8% 8%
3% July 10 11% Apr. 3
235
Toledo
Ann
Arbor
&
N.
Mich.
4%
4% 4% *4
34% Ju ly 2 38 Jan. 30
35 Toledo & Ohio Central.............
*34
*34
35
75
Jan. 2 75 Jan. 2
Do
pref.
75
*69
*69
75
8% July 27 22% Mar. 31
8,445
8% 8% Union P a c i f i c ........................
834 9
6% Mar. 29
3%
July
23
100
3 Union Pacific D enver & Gulf.
*2
3
8% Apr. 6
5% July 10
6% Wabash........................................
*6
6% “ *é"
18%
Apr. 9
12%
Jan.
2
1,850
Do
pref.
13% 13% 13% 13%
9 Ju ly 27 13% Apr. 6
2,558
9% Wheeling & Lake E r ie .._____
9
9% 10
51%
Apr. 2
32%
Ju
ly
27
3,023
Do
pref.
39
40% 32% 37
8% Apr. 2
1% July 23
350
*1% 2% *1% 2% Wisconsin Central Company.
M is c e lla n e o u s S to c k s .
40 26% Mar. 2 32% Mar. 3 0
*26% 27% *26% 27% American Cotton Oil Co.........
367 63 Jan. 2 76 May 3
Do
pref.
*68% 70% * 6 8 % 70
75% Feb. 1 109% May 4
329,471
American
Sugar
Refining
Co.
101%
103%
10L%104%
1,753 79% Jan. 2 97% May 5
Do
pref.
93% 93%
94
94
69% Jan. 2 94% Apr. 12
3,839
American
Tobacco
C
o
..........
86%
87%
86
86
237 91% Feb. 16 105 J u n e 25
Do
pref.
104 104
102 102
58%
Jan. 3 80 Ju n e 25
39,150
Chicago
Gas
Co.,
trust
rec’t
s
..
73%
74%
73% 74
5 June 26 13% Apr. 4
*6
7 Colorado Coal & Iron D ev el..
*6
7
21
Jan.
3 27% Apr. 4
Colorado
Fuel
&
Iron..............
*23%
26
*23% 26
1,150 121% Ju ly 27 140 Apr. 2 0
121% 124 Consolidated Gas Com pany..
123% 125
30% Feb. 6
17%
July
25
75,675
D
istilling
&
Cattle
Feeding
Co
18% 19%
17% 19
2,515 30% Jan. 3 45% Mar. 8
36% General Electric Co..................
36
36
36
42%
Apr. 3 0
22
Jan.
2
3,787
National
Lead
Co.....................
37% 38% *37% 38%
968 68 Jan. 2 88% Apr. 30
Do
pref.
83%
84
84% 83
5%
Mar.
17
2%
June
25
420
North
American
Co—
___
.
.
.
2% 2%
*2% 3%
200 11% July 7 17% Apr. 2
14 Oregon Im provem ent Co____
*12
*12
14
19
Jan.
30
13%
May
15
Pacific
Mail...............................
*14% 15% *14% 15%
79 Jan. 15 90% June 9
83 Pipe Line Certificates.............
83
174
Apr.
13
152
Ju
ly
9
2,152
Pullm
an
Palace
Car
Company
i.56% 156% 157 157
64 Apr. 26 67 Jan. 2 0
Silver Bullion Certificates___
2,975 14% Jan. 3; 20% Mar. 6
16% 17% 17% 17% Tennessee Coal & Iron_____ _
62% May 2; 71 Apr. 2
Do
pref.
5,700 15% May 19 23% June 18
21
21 % United States Cordage Co___
20
20%
269 33 May 18 41 J u n e 1 9
Do
pref.
35% 35%
34
34
260 33% May 22 43 Apr. 5>
34 United States Rubber Co....... I
34% 34% 34
84% 84% 84% 84% Western Union Telegraph----- 6,785 80% Jan. 3 87% Mar 6

35
36
84%
|| Old certificates.

1 2d assessm ent paid.

THE CHRONICLE,

J uly 28, 1894.1

145

NEW YORK STOCK EXCHANGE PRICES (Continued)—IN A C TIV E STOCKS.
Ju ly 27.

I nactive Stocks

Bid.

ITIndicates unlisted.

Range (sales) in 1894.

Ask.

Lowest.

J u ly 27.

I nactive Stocks.
][ Indicates unlisted.

Highest.

R a ilr o a d S to c k s.
Albany & Susquehanna......... ..1 0 0 167 175 166 July 176 Apr.
135 Mar. 135 Mar.
B elleville & South. 111. pref...... 100
100 June 100 June
Boston & N. Y. Air Line p ref.. 100 100
13
10 July
Brooklyn Elevated If.................. 100 11
17 Feb.
20 Jan.
23
24% Apr.
Buffalo Rochester & P ittsburg. 100
62
61 Apr. 61 Apr.
Preferred.................................... 100
491«
Burl. Cedar Rapids & Nor.........100
50ia Feb. 52 Apr.
Central Pacific....................
100 11
IOI4 June 17 Mar.
Cleveland & Pittsburg............... 50 150
147 Jan. 154% May
6
Des Moines & Fort D odge.___.100
7% June
5ia Jan.
14 Jan.
33 July
Preferred....... ............................ 100 28
4% 514 41« July
Duluth So. Shore & A tlantic II .100
8 Apr.
15 Jan.
Preferred H....... ........................ 100 13
17
19 Apr.
14 Apr. 16% Apr.
F lin t & Pere Marquette..............100
P r e fe r r e d ...,......... .
100
44% Apr. 45 Mar.
51«
Georgia Pacific Trust ctf sH. . . . 100
4 Jan.
5
Gr. Bay Win. & St.P . tr .rec___100
7% Mar.
Preferred trust r ects...............100
2% Jan.
Houston & Texas Central......... 100
3% Apr.
Illinois Central leased lin e s. . . . 100
86% Jan. 92 July
Kanawha & M ichigan.................100
9% Apr.
7*4
7% June
Keokuk & D es M oines................ 100
Preferred.....................................100 13
12 ja n .
13 ju n e
1438
L. I. TractionIF................ . . . . . . ___
12% June 22 Apr.
Louisv. E vansv. & St. L. C ons.100
5 Feb.
6 Feb.
Preferred.................................... 100
Mahoning Coal....... ..................... 50 93
Preferred................................... 50
.1 0 7 Mar. 107 Mar.
.'112 July 120 May
Metropolitan Traction]]............ 100
Mexican C e n tr a l.................... -.100
.1 6% Feb.
8% Apr.
Mexican National........................ 100
......... '148 Jan. 157 "M ay
Morris & E sse x ............................ 50
N. Y. Lack. & W estern............... 100
.........110% Jan. 114% June
......... 51 Jan. 59% Apr.
Norfolk & Southern.....................100
5 %' 4 % Feb.
3
Peoria & Eastern....................... *.100
6 Ju ly
150
Pitts. Ft. Wayne & Chicago___100
.........1149 Jan. 154 May
P itts. & W estern p f..................... 50 20
26
20 July 29% Apr.
Rensselaer & Saratoga...............100 177 182 172% Feb. 180 Apr.
gom e Wat. & Ogdensburgh__ 100 :I13ia .........109% May 114 July
* No price F rid ay; la test price this week.
t A ctual sales.

( \ Indicates actual sales .)
Bid.

Range (sales) in 1894.

Ask.

Highest.

Lowest.

St. Louis Alton & Ter. H aute... 100 30
34
20 Jau.
35 Apr.
P referred ....... ...........................100
150 Mar. 167% June
Southern Ry,—when issu ed ............
10
10 %
Preferred
do
do ............. t 34%
34% July 34% July
Toledo Peoria & W estern.......... 100
15 Apr. 17 Apr.
Toledo St. L. & Kansas City 1T.........
3
2 Mar.
2 Mar'
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 xp ress.......................100
Amer. Telegraph & Cable......... 100
Brunswick Company.................. 100
Chic. June. Ry. & Stock Y ard s.100
P referred....................................100
Colorado Fuel & Iron, pref....... 100
Columbus & H ocking C oal....... 100
Commercial Cable.................... ..1 0 0
Consol. Coal of M a r y la n d ...... 100
Edison E lectric Illum inating... 100
Interior Conduit & Ins. C o....... 100
Laclede G as.................................. 100
Preferred.....................................100
Lehigh & Wilkesbarre Coalfl . . . . . .
Maryland Coal, p ref......... ........ .100
M ichigan-Peninsular Car C o.. .100
Preferred. ................................. 100
Minnesota Iron......... .................. 100
National Linseed Oil Co. . . . . . . . 100
National Starch Mfg. Co............100
New Central Coal......................... 100
Ontario Silver M in in g ..............100
P ennsylvania Coal...................... 50
Postal Telegraph—Cable H..............
Quicksilver M ining......................100
Preferred............................
100
Texas Pacific Land Trust......... 100
U. S. E xp ress................................ 100
U. S. Leather preferred 11................
U. S. Rubber preferred.............. 100
Wells, Fargo Express ................ 100

150
47

153

89
3

91
5

tlll%

72
68
: 7%
130
27%
93
97
55
16% 17
68 %

40

55

18

20

6
8

10

6

300
55

10

9

325
65
3
2%
12
18

148

May 154% Jan.

108 ’ ’j'uly 116 "Ä pr.
85 Feb. 90 Jan.
3 June
5 Mar
96 Apr. 97% Apr
50 ja n .
70 Apr
4% Jan.
9% Apr
140 Mar. 150 July
28 Jan.
31 Mar.
93 Feb. 104 Apr
36 Apr. 55% May
15 Jan. 18% Aprj
59 Jan.
73 Apr
22 May 22% May
47%
45
16
7
7
6%
298

June 59% Feb]
52 Mar]
Feb.
Feb. 25 Jan.
Ju ly 11 Mar
Feb.
8% Mar
Jan.
12 May
Feb. 315 June

3 "F eb.
1% ja n .
15 Feb. 17% Mar.
7% Jan. 10% Apr.
57 Jan.
50
48 Jan.
54
; 56
56% 52% June 68% Apr]
Í 90% 91
80 Jan. 95 June
112 117
109 Ju ly 128 Jan.

SEW YORK STOCK EXCHANGE PRICES.—STA TE BONDS J U L Y 27.
SECURITIES.

Bid.

Ask.

Alabama—Class A, 4 to 5 ........1906
Class B , 5 s ....... ......................1906
Class C, 4 s .............................1 9 0 6
Currency funding 4 s ............. 1920
Arkansas—6s, fund,H oi.1899-1900
da. Non-Holford
7s, Arkansas Central R R .............
Louisiana—7 s , cons.................* 3 1 4
..................
Stam ped 4 s ............
New eonols. 4 s.......................1914

100

103

SECURITIES.

103
92 100
92%
2

10

150
1

12

110
100

94% 97

New York City Hank Statement for the week ending
July 21, 1894. We omit two ciphers (00) in all cases.
Ba n k s.

(00s omitted.)

Capital Surplus Loans.

Bank of New York. 2,000,0
Manhattan Co......... 2.050.0
Merchants’............... 2,000,0
Mechanics’............... 2, 000,0
America.................... 3.000.
P h en ix .................... 1 .000 .
City........................... 1, 000,0
Tradesmen’s............
750.0
Chemical..... ....... - .
300.0
Merchants’ Exch’ge
600.0
Gallatin National... 1,000,0
Butchers’& Drov’rs’
300.0
Mechanics’ & Trad’s
400.0
G reenw ich.......
200.0
Leather Manufac’rs
600,0
Seventh National...
300.0
State of New York. 1 .200.0
American Exoh’ge.. 5.000.
C om m erce........ . . . 5.000.
Broadway................. 1. 000.
Mercantile............... 1, 000,0
Pacific.......................
422,7
Republic... . . . . . . . . . . 1.500.0
Chatham..................
450.0
People’s........ ......... .
200.0
North America........
700.0
H a n o v e r ............. 1,000,0
Irving...... ..........
600.0
600,0
Citizens’. . . . . . . . . . . . .
N a s s a u ....... . . . . . . .
500.0
Market & F ulton ...
750.0
Shoe & L eather..... 1, 000,0
Com Exchange.. . . . 1,000,0
Continental__ ____ 1,000,0
Oriental...................
300.0
Importers’ A Trad’s 1.500.0
Pam........ ................ 2,000,0
East River..............
250.0
Fourth N a tio n a l... 3.200.0
Central N ational.. . . 2, 000,0
Second N ational....
300.0
Ninth N ational.....
760.0
First National .....
500.0
Third National....... 1,000,0
N .Y .N at Exchange
300.0
B o w e ry ................
250.0
New York County..
200.0
German-American..
750.0
Chase National.......
500.0
Fifth Avenue.,.. . . . .
100.0
German Exchange..
200,0
Germania....___ ...
200,0
United S ta te s .......
500.0
Lincoln......... .
300.0
Garfield....................
200.0
Fifth National .. . . .
200,0
Bank of the Metrop
300.0
West Side.............
200.0
Seaboard
......
500.0
Sixth N ational......
200.0
Western National.. 2 .100.0
First Nat., Br’klyn.
300.0
Southern National..
5<i0,0
Nat. Union Bank..; 1, 200,0
Liberty Nat. Bank;.
500.0
_ Total... .__
61.622.7




2.060.9
1.931.3
1,018,2
2.121.3
0
2.249.5
465,9
0
2.805.1
155.6
7.233.2
161,8
1.592.2
273.6
410.4
168,1
546.0

120.0

498.1
0
2.291.5
0
3.669.3
0
1.601.3
1.136.9
470.8
969.8
958.0
318.2
642.4
1,911,0
345.8
428.3
286.0
793.7
261.2
1.247.2
240.9
419.2
5.652.2
3.120.4
140.6
1,995,7
559.0
566.0
382.2
7.243.5
206.0
133.0
551.5
554.7
302.4
1.135.6
1,029,5
604.1
602.5
619.9
516.4
528.1
316.3
719.2
294.5
240,1
343.4
190.7
862.3
683.4
259.8
81,6

$

14.400.0
12.638.0
9.707.1
10.052.0
19.335.7
4.460.0
21.363.6
2.383.3
26.401.6
3.712.6
6.236.6
1.310.3
2.050.0
1.165.6
2.982.0
1.693.9
3.325.0
21.358.0
23,195,9
5.768.4
7.735.9
1.965.3
11.755.8
5.102.3
2.254.8
5.278.3
16.997.6
2.660.0
2.697.2
1.863.3
4.813.6
3.316.0
7.047.5
4.927.3
1.800.0
22.281.0
25.060.6
1.046.0
21.184.6
8.596.0
3.877.0
3.892.9
24.565.1
8.193.4
1.365.4
2.596.0
2.865.9
2.512.9
13.845.2
5.915.5
2.537.7
2.853.8
5.146.6
5.423.9
3.916.6
1.807.0
4.643.6
2.287.0
4.288.0
1.672.0
10.816.9
4.5 0 4 .0
2.115.1
. 7,380,8
1,398,0

Bid.

Ask.

Missouri—Fund........... '..1894-1895 100
North Carolina—6s, oíd........... J&J 30
Funding act........................ 1900 10
New bonds, j & J ..........1892-1898 15
Chatham RR ....................
..
2%
Special ta x , Class I .......................
2%
Consolidated 4 s ......................1910 98
6 s ....................................
1919 124% 1 2 6
Rhode Island—
6s, oou .. 1893-1894. ....................... 100

Specie. Legáis. Deposits.
2,280,0
2.4 1 1 .0
1,735,9
1.398.0
1.842.1
696.0
6.770.8
381,8
6.724.3
787.6

1.210.8

127.7
370.0
134.8
537.2
269.2
93,5
2.196.0
2.985.3

.

1 008.1

1.547.6
587.6
2.031.9
1.147.9
226.6
1,047,8
4.550.7
635.6
635.7
590.6
535.0
477.0
1.623.8
1.059.6
235.0
4.363.0
4.835.0
129.9
4.727.0
430.0
929.0
789.7
2,983;8
1.667.1
98,7
452.0
956,4
575.3
4.794.3
894.6
262.9
474.6
1.265.9
1.580.7
856.7
227.1
784.7
272.0
971.0
269.0
1.848.9
1.157.0
147.7

1 .102.1

256.2

$

5.920.0
3.461.0
5,288,3
2.906.0
6.623.8
1.708.0
4.115.0
310.0
8.555.7
788.1
1.798.7
46 6 .3
685.0
168,8
385.3

18.840.0
15.563.0
14.890.6
10.908.0
23.737.6
5.42 3 .0
28,3 7 6 ,9
2.435.4
34.3 1 4 .0
4 .5 0 4 .4
6,736,7
1.742.9
2 .515.0
1.117.6
2.717.7
'¿Vi,5 2.007.5
365.4
2.37 4 .3
5.200.0 20.182.0
7.02 4 .0 23.903.8
893.5
5.771.1
2.145.9
9.11 9 .4
1.036.6
3.311.4
3.762.6 15,3 7 1 ,4
2.02 4 .6
6,811,0
573.9
3 .299.7
1.215.2
6 .144.9
4.940.3 2 3 .5 7 2 .2
702.3
3 .2 2 5 .0
606.0
3.486.4
943.4
2 .9 6 6 .0
919.5
5 .065.9
843.0
4 .100.0
2.336.0
9 .465.1
1.615.5
7.038.1
428.0
1.850.0
7.827.0 2 8 .5 9 7 .0
4.269.5 3 0 .183.2
247,3
1 001.2
3.680.8 25.731.9
7.200.0 14.460.0
2.405.0
6.478.0
800.9
4.76 5 .6
3.627.7 24.145.2
1.838.0 10.485.2
299.7
1.350.1
46 6 .0
2,933,0
318.8
3.701.9
749.8
2.976.2
1.781.6
1.11 2 .4
651.9
485,8

.

1,221,2

1,008,2

688.0

326.2
1.306.9
828,0
909.0
443.0
1.510.6
529.0
670.1
1,889,2
,41 9 ,2

7204^8 482,642,6 9L 044J3 1303440

SECURITIES.

Bid.

Ask.

South Carolina—4%s, 20-40.. 1933 100 100 %
6s, non-fund............................ 1888
2%
1%
Tennessee —6s, o ld .. . . . . 1892-1898 60
60
6s, n ew b o n d s......... 1892-8-1900
do
new series................1914 60
Compromise, 3-4-5-6S........... 1912 70
3s
.
.
■ 1913 78
79%
Virginia funded debt, 2-3S...1991 57% 58
6s, deferred bonds..................... .
6%
7%.
6s, deferred t ’st reo’ts, stam ped.

New York City, Boston and Philadelphia Banks :
Capital A
Ban k s . Surplus. Loans. Specie. Legáis. Deposits, t Circ’l’n Clearings.
N. Y ork.*
$
$
$
•Tune 2 3 .... 131,727,1 468,283,4 98,462,9 1213018 573.6 3 6 .5
4 2 8 .3 3 5 .6
“ 3 0 .... 131,727,1 470,044,1 92,486,4 1256514 573.337.8
4 1 4 .3 6 4 .7
July 7 .... 133,768,5 483,753.5 91.223.0 1280613 588,5 9 8 ,3
468,5 6 1 ,9
“ 1 4 .... 133,768,5 482,730.2 90.835.0 1304875 589.5 2 4 .5
4 4 8 .7 7 6 .7
“ 2 1 .... 133,768,5 482,642,6 91,044,8 1303440 589.1 0 0 .8
4 1 8 ,7 4 0 ,5
B oston .*
July 7 ... 69,351,8 174,395,0 10.855.0 10.003.0 174.017.0
8 4 .4 7 7 .3
“ 1 4 .... 69,351.8 173,820,0 11.010.0 10.186.0 171.909.0
8 3 .8 3 2 .8
“ 21 ... 69,351,8 171.958,0 10,894,0 10,602,0 168.884.0
7 5 .5 4 3 .9
P h ila .*
July 7__ 35,810,3 107,700,0
65,242,0
116.626.0
37.8 7 8 .0
“ 1 4 .... 35,810,3 108,868,0
123.669.0
3 7 .9 8 4 .0
5 8 .4 3 8 .3
“ 2 1 .... 35,810,3 109,45 7,0
117.633.0
3 7 .994.0
5 8 ,4 4 8 ,6
* We omit two ciphers in all these figures. t Including for Boston and Phil a
deipbia tbe item “ due to other banks.”

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
m isc e lla n e o um Bonds«
Ch, Jun.& S. Yds.—Col.t.g.,5s
Colorado Fuel—Gen. 6s..........
Col. & Hook. Coal & L—6s, g.
Consol’n Coal—Convert. 6s.
Cons.Gas Co..Chic.—lstgu .5s
Denv. C. Wat. Wks.—Gen.g.Ss

liltscei lan ean a Bonds.
Peoria Water Co.—6s, g ... . .
Pleas. Valley Coal -1 st g. 6s.
Procter <fc Gamble—1st g. 6s 111 b.
..... . Sunday
Creek Coal 1st g 6s..
82 %b. U. S. Cordage—1st col. g., 6s. 82 b.
U S. Leather—S.f. deb.,g.,6s 108 %b.
109 b.
East River Gas 1st g. 5s........
W heel.L.E& P.Coal-lstg,5s 70 a.
Edison Elec. 111. Co.—1st 5s . 106 b.
U n listed B onds.
Equitable G. & F.—1st 6 s.... 94 b. Ala. & Vicks.—Consol. 5s, g .
Henderson Bridge—1st g. 6s. __
Amer. Dei). Co. Col. tr. 5s ...
Comstock Tunnel—Ino. 4 s..
Hoboken Land & lm p.—g. 5s
3 b.
Mich.-Penin. Car 1st 5s, g __
Geo. Pac—1st 6s g. ctfs........ 102 b.
Mutual Union Teleg.—6s g .. 108 b. 2d mort. income . . . . . . . . . . .
Northwestern Telegraph—7s. 107 b. Consol. 5s, g. ctfs........ -. 42 b.
People’s Gas & C. \ 1st g. 6s.
Income 5s. c t f s ........... ...
10 b.
Cd., Chicago__ f 2d g. 6s. 102%a. Mem.&Charleston—Con. 7 g.l
Note.—“ b” indicates price b id; “ a" price asked * Latest prioe this week

Bank Stock List.—Latest prices of bank stocks this week.
Bid. Ask.
BANKS. Bid Ask.
190 210
300 315
Am. E xch... 150% 154 Garfield...... . 400
116
220 250
Butchs’&Dr. 160
Germania.... 300
120
150
i50
310 325
360 400
140
Chemical__ 4100 4800 Im. & Trad’s’ 520 550
fJifcy.
425
135 150
Citizens’....... 137 150 Leather Mis’ 180 210
.....
L in coln ....... 525
Columbia__
Commerce... 173 178 Manhattan.. 186 190
Continental. 120 .... Market& Ful 210 215
Corn Exch.. 280 290 Mechanics’.. 178 180
140 165
25
Mercantile.. 170 200
East River.. 141
llt.h Ward...
133 .
Msvch’ts Ex. IK) 120
Ftfth Ave.... 200Ò
...... Metropolis.. 425 500
Fifth.............
M.t. Morris.. 150
___*
First N., S .I. 112 125 Murray Hill
Nassau....... 160 105
14th Stieet..
Vew York... 215 222
fourth ....... 192 197
BANKS.

BANKS. Bid.
N.Y. Co’nty 500
N.Y.Nat. S ». 110
Ninth. __ 115
125
N. America. 140
Oriental.... 220
170
270
People’s .... 266

110

Ask
690

120

124%
165
260
295
125

Produoe Ex.
Republio.... 153 160
Seaboard... 170 . . . . . .
.....
Second .. . . . 300
Seventh ... 1.20 ......
107 120
St. Nicholas.
L4Ó
Stateof i.Y . 105 108
Tnird. .... 108 112
rradesm’n’s
100
__
Un’d State- 175
Western
110 115

THE CHRONICLE.

146

r v o L . L iX i

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES
Active 8tocks,
f Indicates unlisted.

j y
Saturday,
Ju iy 21.

S h a r e P r ic e « — n o t P e r C e n tu m P r ic e « .
Monday,
July 23.

Tuesday,
Ju ly 24.

W ednesday,
Ju ly 25.

Thursday,
Ju ly 26.

Friday.
Ju ly 27.

Sales
of the
Week,

Bange of sales in 1894.
Lowest

H ighest

3% Ju ly 23 16% Mar. 2 9
4% 17,853
Atch. T. & 8. F e (Boston). 100
1
230 •62% Jan. 5 1 %Mar. 14
Atlantic & Pac.
“
100
72
67
it Jan. 4 81 Apr. 9
*70
.........
*70
.
.
.
.
.
.
Baltimore & Ohio (B alt J .100
125 J an. 17 129 Apr. 19*125
1 st preferred
“
100
*115
108
Jan. 31 119 May 12
*110%
*110
*110
2d preferred
“
100
994 13% June 30 17% Apr. 9
*14% 14%
14
13 78 ’ l 3 7e 1378 14% 13 78 13%
Baltim ore Trac’n .(P h il.). 25 14
198
Ju ly 2 212 Apr. 30
343
206
206
206
205
206
206
206
206
206
206
206
206
Boston &Albany <Boston). 100
108 182% Jan. 10 191 J u ly 19191 191
*191
191 191 '191
Boston & L ow ell
“
100 *1QO
147
126
Jan. ¿ 5 150 Apr. 17
x
l4
7
81
147%
147%
147%
147%
147%
147%
147%
147%
147%
147%
Boston & Maine
“
100 *
11
10% July 2 4 14% Mar. 10
*10
11
*10
10% 10% *10% 11
*10
Central of Mass.
“
100
*40
46
Jan. 3 49 Mar. 14
47
47
*46
Preferred
“
100
13.464 73% Jan. 3 84% Mar. 21
Chio.Bur.&Quin.
“
100 75% 75 % 74% 75% 74% 75% 74% 74% 74% "74% 73% 75
54%
Jan. 3 65% Apr. 6
9,070
57%
58%
57%
58%
57%
58%
58%
58%
58
59
59
%
59%
Chic. Mil. & Bt. P . (P h il.).100
15
10 June 7 25 %Mar. 13
*10
*10
10
*10
10
Chic. & W. Mich. (Boston). 100
*
*
•50
•45
June
6 '50 Jan. 3
•50
Cleve. & Canton
“
100
*
2 Feb. 24
2% Jan. 16
2
2 *
1
2
2 *
P referred ....
“
100
373
70
66%
June
l 81 Feb. 7
69%
70
69%
69%
*69%
70
70
70
70
70
Fitchburg pref.
“
100
45 29% Apr. 25 35 Jan. 10
33
33% 33*«
34
34
34
Hunt. & Br. Top. (P h ila .). 50
10 47
May 7 52 J u ly 1 1
50% *49% 50% *49% 50%
51
Preferred
“
50 *49% 50% *49% 50% 51
739 36 May 21 423s Mar. 13
38% 38%
Lehigh V alley
“
50 38% 38% 38% 38% 38% 38% 37% 37% 37% 37% *110
101
Jan.
16 114 Apr. 5
5
112
*112
114
114
*112
Maine Central (Boston). 100
3,663 x96% Jan. 6 122 Apr. 12
118 118% 117% 118%
117 117% 117% 117% 117% 118
Metropolitan Trao. (P hil) .100 *
5^8
Jan.
2 93s Apr. 3
500
7
6%
*6%
7
6%
7
*6%
6%
7
7
7 He
M exican Cent’l (.B oston). 100
*14
Î3% May 19 ÎU% Jan. 23
14%
15
15
14% 14% 14% 14% 14% 14% *14
N.Y.&N.E ,tr.rec.§ “
100 *14
*43
24%
Mar.
20
43% July 2 A
45
48
*43
43
's
43%
43%
43%
*43
48
47
Preferred,tr.rec.§ “
100 *43
66 July 17 68% Feb. 23
*66% 67
*66
Northern Central <B a lt.). 50
*3%
3%
June
23
415
6% Mar. 21
3%
3%
3%
*3%
3%
Northern Pacific (P h ila .). 100
662 12% June 25 233s Mar. 31
13
13% *12% 13% 12% 12% 13
* 13
14% l- i 78 13
Preferred!
“
100 * *14
*
170%
Jan.
2
*179
180
180
June 11
178
178
180
179%
179%
180
179 179
Old Colony...... (Boston). 100
1,790 48 Jan. 5 52% Apr. 7
48% 49%
48% 49
49% 49
49% 48% 49
48% 49
P en nsylvan ia.. (P h ila .). 50 49
2178
Jan.
20
28%
Feb. 1
*17
*15
*15
*15
*15
*15
Philadel. & Erie.
“
50
7% May 21 11% Mar. 12
8% 8U ie
8,548
8% 8*16 8%1
8%
89,6
87-6
6"ie
Phila. & Beading
“
50
t83%
July
2
115%
Apr. 11
6,664
95%
95%
96
95%
96
96%
95%
95%
96% 96%
Philadelphia Trao. “
50 95% 96
4% May 24
7% Mar. 5
*1% 6
*4% 6
6
Summit Branch (Boston). 50
22%
Mar.
31
838
July
27
5,846
9
8%
8%
8%
8%
\8%
10%
8% 8%
8 7s 9%
Union Pacific
“
100 *10
3 227% Mar. 21 234 June 1 9
*232 233
232 232 *231%
231 231
u m ted Cos. of N. J. fPhil a.) 100 *231 232 *231 232
78
Ju
iy
17
2%
Jan.
26
*114
530
1
%
iLi
*1%
11
«
1%
*6
6%
*1%
WesternN.Y. &Paf P hila.). 100
m is c e lla n e o u s S to c k s.
75%
Jan.
24
38,724
109%
May
4
104
101%
103
103%
104%
101%
Am. Sug’rRelLn.H (Boston) . . . . 102 102% 101%105% 103% 105%
925 79 Jan. 3 97% May A
94
94% 94% 94% 94% 93% 94
94%
95
94% 94% 95
“
Preferred.........
204
Ju
n
e2
R
163
Feb.
26
197
234
198
197
197
197 197% 1 J8 199
196 198
B ell T eleph on e..
¥*
10< 195 196
150 22 July 21 29 Apr. 5*22% 22%
22
*21%
*21
22
22
22
*21% 22
22
Boat & Montana
*
2i
7 7s Ju ly 23 11% Apr. 9
850
8% 8%
*8
8
8
8
8
7% 7 l®i#«
8% 8%
B utte & B o sto n ..
“
21
32 265 June 22 302 Jan. 1 8
*275
276
276
276
*272
*275
275
275
275
Calumet & H ecla
“
21
66
Jan. 18 80 July 2
40
*77%
77%
78
79
77%
79
485 53% Jan. 3 66% Apr. 8
65% 65% 65% 63% 65% 65% 65% *65% 65%
65% 65% 65
Consolidated Gas
“
42
Feb. 21 48 June 6»
32
46%
*46
46%
46%
46
46
46
46
46% 45% 46
*46
Erie Telephone (Boston).
909 3038 Jan. 3 45 %Mar. 8
35% 3b%
36% 36% 36% 36% 36% 35% 36
*36
G eneral E lectric.. “
56
Jan.
4 75 Mar. 8
62
*60
7
60
60
62
62
Preferred........... “
12% Jan. 2 26 Apr. 7 T
*20
2L
*2(1
*20
*20
*20
21
Lamson Store Ser. “
55 Mar. 11
50
May
23
210
51%
51% 51% 51% 51%
51% 51
51% *50% 51% 51
51
Lehi’h Coal&N av. 'P h il.)
51 49 Feb. 28 63% June 1562% 62% 62%
62% *62
62% 62% *
*62
Q
5% Mar. 1 9
2% June 27
100
335 U 7s July 3 12% Mar 20
2% 2%
2% 2% *2% 2%
2% 2%
2% 2%
2% 2%
West End Land. ( Bost’n t . .
Î
Old cexts
t
E
x
rights.
* Bid and asked prices; no sale w as made
§ 2d instalm ent paid.
3%

Inactive Stocks.
Prices of J v ly 27.
A tlanta « Charlotte (B alt.).100
Boston & Providence (Boston). 100
Camden & A tantic p f. (Phila.). 50
C a t a w is s a ...............
“
50
“
50
1st preferred.........
2d p r e fe r r e d .......
“
50
Central O h i o ......... (B all.). 50
Chari. Col. & A ugusta
“
100
Connecticut & P a ss. (Boston). 100
Connecticut B iv e r ...
“
100
Delaware &Bound B r.(P htla.) .100
F lint & Pere M arq ... (Boston). 100
P refe rred ................
“
100
H ar.Ports.M t.Joy*L. (Phila.). 50
Kan. (7yFt.S.& M em . (Boston). 100
P referred.....................
“ 100
L ittle Schuylkill....... (Phila.). 50
Maryland C en tra l....
(Bali.) 50
Mine H ill & S. H aven (Phila.). 50
N esq uehon in gV al....
“
50
Nortnern N. H ... . . . . . (Boston). 100
North P ennsylvania. (Phila.). 50
Oregon Short Line. . . ( Boston).100
Pennsylvania & if . W. (Phila.) 50
Butland....................... (Boston).100
P refe rred ........... .
100
Seaboard & Roanoke. (Balt.) 100
1 st p r e f e r r e d ........
“
100
West E n d ,...................., (Boston). 50
Preferred............ .
“
50
West J e r s e y .............. (Phila.). 50
West Jersey & A tla r,
“
50
W estern M aryland.. (B alt.). 50
Wiirn. Col. & A ugusta
f*
100
Wilm ngt’n& W eldon
“
100
Wisconsin C en tra l... (Boston). 100
•Preferred............ .
“
100
Woro’st.N ash. &Boch.
“
100
MISCELLANEOUS.

3 78

Bid.

3»ie

Ask.

3 3 - 311^
%
%
70
70

3% 4
3% 3%
1
%
%
~ÌU .........
72
72

Inactive stocks.
Bonds—Boston.

Bid.

V U nlisted,

§ And accrued interest.

3%

Ask.

71
85% At.Top.& 8.F.100-yr.4g.,1989, J&J
21
2d2%-4s, g., Class A ..1989, A&O
260
78%
Boston United Gas 1st 5s................
50%
4% 2d mort. 5 s.............. ............... 1939
116
52% Burl. & Mo. R iver E x e n p t 6s, J&J
106
Non-exempt
6
s
...¿
...1
9
1
8
,
J&J
52
50
94
P lain 4 s .......................... 1910, J&J
52
103
Chic. Burl. & Nor. 1st 5,1926, A&O
101
2d mort. 6 s . . . . . . .....1 9 1 8 , J&D
10u%
Debenture b e.........1 8 9 6 , J&D
225 235
94
Chic. Burl.& Quincy 4 s ..1922, F&A
96
Iow
a
D
ivision
4
s
.....1
9
1
9
,
A&O
15
ÏÔ*
65
Chic.&W.Mlch. gen. 5s, 1921, J&D
40
33
fc6%
Consol, o f Vermont. 58.1913, J&J
84
65
Current River, 1st, o s ..1927, A&O 60
15
10
70
75
D
et.
Lans.
&
Nor’n
M.
7
s
.1907,
J
&J
40
65% Eastern 1st m ort 6 g.l906,M & S .. 120 122
65
I ree,E lk. &M. V .,lst, 68.1933, A&O 123 124%
Unstamped 1st, 6 s . . . . 1933, A&O 122 123
67
65
K.C.C.&Spring.,1st,5g.,1925, A&O 62
53%
80
K C. F .8.& M . con. 6s, 1928, M&N 78
148
32
29
K.C. Mem. & B ir.,lst,5s,1927, M&S
86
122%
C. St. Jo. & C. B ., 7 s ..1907,
J&J123%
4% K .
4
82
95
L. Rock & F t. S., 1st, 7 s ..1905, J&J
45
2% Louis.,Ev.&St.L.,1st,6g.l926,A& O 100 101%
1%
90
2m ., 5—6 g . . . . .......1 9 3 6 , A&O 8>
72
70
Mar. H. & Ont., 6 s....... 1925, A&O 101 103
53%
54
Mexican Central, 4 g . . .1911, J&J
11
1st oonsol.incom es, S g, non-cum. 10
47% 48
7
6
2d consol, incom es. 3s, non-cum.
77%
77
N. Y. & N .Eng,, 1 st, 7 s ,1905, J&J - 110 110%
56
lu
6
1st mort. 6 s . . . . . P. . . . . 1905, J&J 105
20
2d mort. 6 s .. . . . . . . . . . 1 9 0 2 , F&A r 98% 100
Ogden. & L.C .,C on.6s...1920,A&O ¡102 lu 3
20
Inc. 6 s ........... .................. .....1 9 2 0
100
Bu tland, 1 st,6 s ........1 9 0 2 , M&N illO 111
1% 2
2d, 5 s............................ 1 8 9 8 ,F&A ìle o 101
25
115 120
Bonds.—Philadelphia
Allegheny V al.,7 3-10s, 1896, J&J 104% 105
102 %
Atlantic City 1st 5s, g., 1919,M&N
•50
•35
6% Belvidere D el., 1st, 6 s ..1902, J&D 111
8
Catawissa, M., 7 s ......... 1900, F&A 115
57
58
Clearfield &Jen., 1st, 6 s. 1927, J&J
Connecting, 6 s ......1 9 0 0 - 0 4 , M&S
3% 4
D
el. & W a Br’k, 1st, 7 s .1905, F&A 128
1
1%
77% Easton & Am. IstM. ,5 s.1920, M&N 108%
77
46% Elmir. & Wilm., 1st, 6 s .1910, J& J. 116% 118
46
2% 2% H unt. & Br’d Top,C on.5s.’95,A&O 103
8 % Lehigh Nav. 4% s.......... 1914, Q—J 110 111
8
1
1 % 2d 6 s, g o l d ....... . . . . . 1897, J&D 107% 107%
General m ort. 4%s, g .l9 2 4 ,Q —F 104%
40
48
,102%
Lehigh VaJ. Coal 1st 5s, g . 1933, J&J
Lehigh
V alley, 1st 6 s ...1898, J&D 109 ¡109%
82
2d 7 s . . . . ...........
1910, M&S 133% il34
Consol. 6 . . . . . . . . . . . . . . 1 9 2 3 , J&D 120 %
18
18%
North Penn. 1 st, 7 s ....1 8 9 6 , M&N 106
157 158
125
Gen.
M. 7 s....... ,.....« ..1 9 0 3 , J&J
80
81
P ennsylvania gen . 6s, r..!910, Var
153 154
118%
Consol. 6s, e
........1 9 0 5 , Var
67% 67%
Consol. 5s, r ................... 1919, Var 114
X
1%
Collat. Tr. 4% g ...........1913, J&D
53
52
Pa. & N. Y. C a n a l,7 s...1906,J&D 124
32% 33

83
258

A llouez M in g ,a sstp d (Boston). 25
Atlantic M in in g ......
“
25
City Passenger B B ... (B alt.). 25
B ay State G a s .......... (Boston). 50
B oston L a n d . . . . . ....
“
10
Centennial M in in g..,
**
10
E lectric T ra ctio n .... (Phila.). 50
Do
do tr.rcts.
“
F ort Wayne Electric^ (Boston). 25
Franklin M in in g .....
“
25
Frenchm ’n’sB a y L ’nd
“
5
Illin o is Steel ................
“ 100
Kearsarge M in in g ....
“
25
Morris Canal guar. 4 . (Phila,). 100
Preferred guar. 1 0 .
“
100
O sceola M in in g .......(B oston ). 25
Pullm an Palace C ar..
“
100
Quincy M in in g .......
“
25
Tam arack M in in g ....
“
25
U n ited Gas Im pi.
(Phil.).........
W ater P o w e r .,.......(B o sto n ). 100
W estin g .E lec.lstp fd .fBoston). 50
A ssenting____________ **
. 50
* P rice includes overdue coupons.




3%

Bonds.

Bid. Ask.

112
Pa. & N. Y. Ca., con. 5s.19.39, A&O
Perkiomen, 1st ser., 5 s .1918, Q—J ib o
Phila.& Erie gen. M. 5g.,1920, A&O 114
Gen. m o rt.,4 g . . . . . ..1 9 2 0 , A&O 102
Phila & Read, new 4 g., 1958, J&J 75% 75%
1st pref. incom e, 5 g, 1958, Feb 1 29% 29%
20%
2d pref. incom e, 5 g, 1958, Feb. 1 20
3d pref. incom e, 5 g, 1958,Feb. 1 15% 16
119%
2d, 7 s ....................................... 1933, A&O
Consol, mort. 7 s.........1911, J&D 125
Consol, mort. 6 g ..........1911, J&D 113
Im provem ent M. 6 g ., 1897, A&O 105 % 106%
Con. M.,5 g.,stam ped.1 9 2 2 .M&N 99 100%
Terminal 5s, g ........ 1941, Q.—F. 104% 104%.
33
35
Phil. Read. & N. E. 4 s ............. 1942
Incom es, series a ................1 9 5 2
Incom es, series B .................. 1952
302%
Phil. Wilm. & Balt., 4 s .1917, A&O
P itts. C. & St. L., 7 s . . . .1900, F&A 116
SchuyI.R.E.Side.lst 5 g.1935, J&D 109
S teuben.& Ind.,lstm .,5s.l914, J&J 107%
United N. J ., 6 g ............. 1894, A&O 102
Warren & Frank.,1st,7s,1896,F&4 106
B o n d s .—B a lt im o r e .
,
A tlanta & Chari., 1st 7s, 1907, J&J 116% 117
Incom e 6 s .. . . . . . . . . . . 1 9 0 0 , A&O
Baltimore Belt, 1st, 5 s .1990, M&H 102 102%
Baltimore & Ohio 4 g ., 1935, A&O 102% 103*3
P itts. & Conn., 5 g ...l 9 2 5 , F&A
96
Staten Island, 2d, 5 g.1926, J&J
98
Bal.&Ohio S.W .,lst,4% g.l990, J&J
CapeF.&Yad.,Ser. A .,6 g .l9 16, J&D
63
62
Series B., 6 g . . . . . . . . . . 1916, J&D
Series C., 6 g ................1916, J&D ......... 62
Cent. Ohio, 4% g ......... ,.1930„M&S 104 105
Chari. Col.&Aug. 1st 7 s .1895, J&J 10 L% 101%.
Ga.Car. &Nor. 1st 5 g ..l9 2 9 , J&J 83% 84%
North. Cent. 6 s ..... . . . . . 1 9 0 0 , J&J 112 113
6 s .. . . . . . . . . . . . . . . . . . . . . 1 9 0 4 , J&J 115 120
Series A , 5 s ...................1926, J&J 112% ..........
4%s . . . . . . . . . . . . . . . . . . . 1 9 2 5 , A&O
95 100
Piedm.& Cum.,1st, 5 g.1911, F&A
Pitts. & Connells. I s t 7 s .l8 9 8 , J&J 109%
Virginia Mid., 1st 6 s. ..1 9 0 6 , M&S 116 116%
2d Series, 6 s................1911 M&S 116 116%
3d Series, 6 s ............... 1916, M&S 108 109
4th Series, 3 - 4 -5 s .....1921, M&S 80
5th Series, 5 s .. . ......1 9 2 6 . M&S 99 100
West Va C.& P. 1 s t ,6 g.1911, J&J 103 104
WePt’LN.C. Consol. 6 g.1914, J&J 105% 105%
Wilm. Col. & A ug., 6 s ..1910, J&D 114%
MISCELLANEOUS.

Baltimore—City H a ll66.1900, Q—J
Funding 6 s . . . . . . ......«1900, Q—J
West Maryi’d B B . 6 s ..1902, J&J
Water 5 s ..............1 9 1 6 , M&N
Funding 5 s . . . . . . . ....1 9 1 6 , M&N
E xchange 3% s........1 9 3 0 , J&J
Virginia (State) 3s, n ew .1932, J&J
Chesapeake Gas, 6 s . . . . .1900, J&D
Consol. Gas, 6 s.
...1 9 1 0 , J&D
5 s ....................................1939, J & [
Eauitabl» Gas.
■ 1 9 ,Q *

t L ast price thw Wo®k.

x ex-rights.

111
111
112
121
121

112
112
114
122
122%

71%
106%
1L4
103
HO

72%
107%
114%
103%
. . . kM

THE CHRONICLE.

J uly 28, 1894.]

147

NEW YORK STOCK EXCHANGE PRICES (Continued)-A C T IV E BONDS J U L Y 27 AND FOR YE A R

1894.

Closing Range (sales) iñ 1894
R ailroad and Miscel . B onds Inter't Price
Period J u ly 27
Lowest.
Highest.

Closing
R ailroad and Miscel . B ondsi.. Inter’t P rice Range (sales) in 1894.
Periot J u ly 27 Lowest.
Highest.
Amer. Cotton Oil, deb., 8 g .l9 0 0 Q - F 115 b. 111 Feb. 115 Ju ly Mo. Pac. (Con.),—3d, 7 s ..
^ M «fe N 107 b. 103 Jan. 112 Apr.
At.Top.&S.F.—100-yr.,4g.l989 J & J 70%
67 Jan. 77% June
? F «fe A 98 %b. 95 Jan. 100% May
2d 3-4s, g., Cl. “A”........... 1989 A & O 21
20 July 38% Mar.
3 J «fe J 103 b. 99 Jan. 106% Apr.
Col.Midland—Cons., 4 g.1940 F & A 19
18% July 32% Mar.
£ F <& A 103 b. 100% Feb. 10338 May
Atl. «ft Pac.—Guar., 4 g ___1937
40 b. 41% June 53% Apr.
' M«fe S 106 a. 102 Jan. 109 Apr.
W. D. income, 6s...............1910 J & J
2%b. 2% Jan.
6% Mar.
7 J «fe D
97 Mar. 103% May
Brooklyn E lev.—1st, 6 g ..l9 2 4 A & O 90
90 July 107 Jan.
!; A «fe 0 * 75%a. 71 Jan.
81 Apr.
Union Elevated.—6 g ___1937 M & N 85
82 June 99% Apr.
1 J «fe E 113
111%
Jan. 117% May
Canada Southern.—1st 5s 1908 J & J 109% 105% Jan. 111% June
M <fc S * 61 b. 57% Jan.
63
May
2d, 5 s ................................... 1913 M & S 106
102 Jan. 105% Apr.
*J «fe J 129 a. 125% Jan. 130 May
Cent. G a.-S.& W .lstcon. 5s. 1929
46 a 32 Jan. 51 Apr.
A «fe O v100%b. 98 Jan. 102 Jan.
Central of N. J.—C on s.,7s.l899 Q - J 113 b 112% Jan. 115% June
M«fe N 93 %b. 88 Jan. 94% June
Consol., 7 s ..........................1902 M«fe N *123 b 121 Feb. 124 Apr. N. Y. CentralM«fe N *103 b. 10 L% Jan. 104% Apr.
General mortgage, 5 g .. .1987 J & J 115
110% Jan. 116% June
JJ «fe J 124%b.
Jan. 128% JuneDeben., 5s, coup., 1884.
Leh.«fcW.B.,con., 7s, as’d. 1900 Q -M 108 %b 105 Jan. 111 May
jM «fe S 109 b.
Jan. 110 Feb.
“
m o rtgage5s.l912 M & N 97 b 100 Feb. 103% Mar.
M«fe N 118%b.
Jan. 120% A pi.
Am. Dock & Imp., 5 s ___1921 J & J lJ2%b 108% Jan. 113 June
A <fc 0 11634b. 113% Jan. 117 May
Central Pacific.—Gold, 6 s .1898 J & J 100%b 102 July 107% Apr.
Lj «fe J 104
L00%
Jan.
105% June
Ches. <fc Ohio.—Mort«, 6 g.1911 A & O 117 b 115% Jan. 119% Mar.
A «fe O 101
97% Jan. 100% Mar.
1st consol., 5 g ....... ..........1939 M & N 105% 101% Jan. 106% Apr.
>J «fe J 110 b.
113
June
General 4%s, g .................. 1992 M & S 72%
70% June 77% Apr.
J «fe J 130 b.
134 JuneR. «ft A. D iv., lstc o n .,4 g ,1 9 8 9 J & J 89%b 84 Jan. 92% May
F «fe A 114 b. 110 Feb. 113 %May
“
2d c o n .,4 g .l9 8 9 J & J
78% Jan. 88 Mar. N.Y.L.E.«ftW>M «fe S 133%b. 131% Jan. 137 Apr.
Eliz. Lex. & Big San.- 5 g. 1902 M& S 97%b. 96 Jan. 100% Feb.
J «fe D t 72 b. ■70 May 86 Mar.
Chic. Burl. & Q.—Con., 7s. 1903 J <& J 120%b. 119 Jan. 123% June
A «fe O ............. 125 Apr. 129 May
Debenture, 5 s....................1913 M & N 98%
97 Feb. 102 Apr. N. Y. Ont. <fcW.M «fe S 85%
82% Jan. 86 May
Convertible 5 s .................. 1903 M& 8 102 b. 101% Jan. 105 Apr.
J «fe D 109% 107 Jan. 110% May
Denver D ivision 4 s __ __ 1922 F & A 94 b. 90% Feb. 94% Apr.
J «fe J 104
103
July 107% Apr.
Nebraska E xtension, 4 s. 1927 M <fe N 88 b. 85% Jan. 92% Apr.
A <fe 0 117 b. 115% Apr. 117% May
Han. «ft St. Jos.--Cons., 6s. 1911 M & 8 118 b. 115% Jan. 119% Feb. Norf.«fcW.J <fc J
74%
Apr.
74% Apr.
Chic. <&E. 111.—1st, s. f .,6 s .1907 J <fe D 114%b. 111% Jan. 118 May
Md.«feWas
J «fe J 85 a. 78% Apr. 81 .Apr.
Consol., 6 g ..... ............ ...1 9 3 4 A & O 121%b. 118% Jan. 123 June No. PacitioJ «fe J 108% 105 %J an. 114% Mar..
General consol., 1st, 5 s ..1937 M & N 97%
97 May 101% Apr.
A <fc O 72 %b. 7138 July 89% Mar.
Chicago & Erie.—1st., 5 g.1982 M & N 97 a. 91% June 100% Apr.
J «fe D 50 b. 46% July 64% Apr.
Income, 5 s ......................... 1982 Oct. : 27%b. 27% July 35% Apr.
Consoi. mortgage, 5 ,
J «fe D 23%b. 23 July 34% Mar.
Chic. Gas L. & C.—1st, 5 g .. 1937
& J 86 b. 82 Apr. 89% June
M<& N
Chic. Mil. & St. P.—Con. 7s .1905
<&
125 %b. 126 Feb. 130% Apr.
A «fe O 1 40 %b.
June 48% Apr.
1st, Southwest D iv., 6 s .. 1909
<fe
112%b. 112 Jan. 116% May
F «fe A f 43 b. t
Jan.
55 Apr.
1st, So. Minn. D iv., 6 s ... 1910
<fe
113%b. 111% Jan. 117% June
M «fe S 25%b. 25 July 38% Mar.
1st, Ch. «fcPac. W.Div. ,5 s. 1921
108 b. 107 Jan. 111% June So. Pacific Ter. Co.J «fe J 93 b. 93 July 101% May
Chic.«ft Mo. Riv. D iv., 5s. 1926
<&
104 b. 101% Jan. 108% June Ohio <fe Miss.—Con. e
J «fe J 107%b.
Jan. 112 June«
Wise. & Minn., Div., 5 g.1921
105 %b. 101 Jan. 109 May
J «fe J 108%a. ■
Jan. 111% «lune
Terminal, 5 g .....................1914 r &
106%b. 105 July 109% June
J «fe D 89 a. 91 May 97 Mar.
Gen. M., 4 g., series A ... 1989 r «ft
General mortgage, 4 ¡
90%
90 Jafi. 92% June
M «fe N 35 b. 35 July 48% Jan.
Mil. «ft Nor.—lst,co n .,6 s,1 9 1 3 r & D 116 b. 112% Jan. 118 Apr. Omaha «fe St. Louis—4 s
J «fe J 46
42 Feb,
50 Apr.
Chic. «ft N. W.—Consol.,78.1915 Q - F 141 %b. 138 Jan. 141 Mar.
J «fe D 99%
92% Jan. 103 Apr.
Coupon, gold, 7 s ............1 9 0 2 J & D 121
121 July 127 May
A «fe O 55%
46 J an. 60 , Mar.
Sinking fund, 6 s...............1929 A & O 121
Ore.
R.«fe
Nav.Co.116 Jan. 121 Apr.
J «fe J 104%
June 108% Mar.
Sinking fund, 5 s ...............1929 A & O '111
107% May 112 Mar.
J «fe D 61 b. 60 Jan. 74 Apr.
Sinking fund, deben., 5 s .1933 M & N k105
106% Jan. 112% Apr. Penn. Co.—4% g., coupon.1921 J «fe J 110 b. L06 Jan. 113% M a r
25-year debenture, 5 s . . .1909 M <fe N 105
104 Jan. 109 Apr. Peo. Dec. <fe Evansv. - 6 g
J «fe J 85 b. 74 Jan.
87% May
Extension, 4 s ....................1926 F & A
97 Jan. 100 Apr.
M «fe S 85 b. 74 Mar. 87 M ay
Chic, Peo.«fc St. Louis—5 g.1928 M & 8 95 a.
M «fe N 27 a. 19 Jan.
28% Apr.
Chic.R.I.&Pac.—6s., coup 1917 J & J 125 %b. 123 Jan. 129 Apr. Phila. <fc R ead.—Gen., 4 j
J «fe J 7534
67% Jan.
78 Mar.
E xtension and col., 5 s ... 1934 J & J 101 %
97% Jan. 104 Apr.
30
27 June 39% Mar.
30-year d eb en tu re ,5 s... 1921 M & 8 91%
90% June 95 Feb.
19 b. 18% May 27% Mar.
Chic. St. P. M. «ft O.—6 s ....1930 J & D 125 b. 119% Jan. 127% May
3d pref. income, 5 g
16
13% May 21% Mar.
Cleveland <fc Cauton.—5 s .. 1917 J & J 75 a. 70 Mar. 84 Jan. Pittsburg <fe WesternJ «fe J 84 a. 80% Mar. 88 Apr.
C. C. C. & I.—Consol., 7 g.1914 J & D t12S%b.
Rich. «ft Dan v.—Con.,
J & J 116%b. :06% Jan. 118% June
General consol., 6 g ........1934 J «fe J
117 Jan. 120 Mar.
A «fe O t. 73 34b. 65 Jan. 174% J u ly
C.C.C.&St.L.—Peo.& E .,4s.l940 A «fe O 70
72 Jan. 84% Apr. Rich. «feW.P. Ter.-Trust, 6g.l89': F <& A t 55 b. 4Ó Jan. 157% Apr.
Income, 4 s ..........................1990 April.
Con. 1st «fe col. trust, 5 g.191« M «fe S 1 26%
18
15 Jan. 20 Apr.
18 Jan. ' 27% Apr.
Col. Coal & Iron.—6 g ....... 1900 F <fc A
95 Jan. 100 May Rio Gr. Western—1st, 4 g.1939 J <fc J 63%
62 July 71 Apr.
Col.H.Val.&Xol.—Con. ,5 g.1931 M «fe 8 85
81% May 91 Feb. St. Jo. <fe Gr. Island—6 g .
M «fe N 66%
61% June 69% Apr.
General, 6 g ....................... 1904 J «fe D ' 85%a. 86 June 92% Feb.
M «fe N lll% b . .01 Jan. 113 Apr.
Denver «ft Rio Gr.—1st, 7 g.1900 M«fe N 112 b. 113 May 113% May
M <fc N m % b . :.01 J an. 113 Apr.
1st consol., 4 g................. 1936 J «fe .1 72%
General m ortgage, 6 g. 1931 J «fe J 88 b. 82 Jan. 98 Apr.
71 July 79 Apr.
Det. B. City & Alpena—6 g. 1913 J «fe J
50 Jan. 50 Jan. St. L. So. W est.—1st, 4s, g
M«fe N 54
54 July 62% Apr.
Det. Mac. «ft M.—Ld.grants.1911 A ft O 22 b. 23 Jan.
2d, 4s, g., in c o m e .........
27% Apr.
J «fe J ' 14%
14% July 20% Apr.
Dul. So. Sh. «ft A tl.—5 g .. .1937 J «fe J * 95 b. 93 Feb. 102 Apr. St.P.M.«feM.—Dak.Ex., 6 g
M«fe N 118 b. 1.15% Jan. 121 Apr.
E. Tenn.V. <fcGa.—Con., 5 g .l9 5 6 M «fe N 97%a, 86% Jan. 101% Apr.
J «fe J 116%
.15
J an. 122 Mar.
K noxville & Ohio, 6g __ 1925 J <fc J 107 b. 96 Jan. 110 June
“
reduced to 4%
J «fe J 100 b 97% Jan. 102% JuneFt. W. «ft Den v. City.—6 g . .1921 J «fe D * 67%b. 66 Jan. 79% Apr.
Montana E xtension, 4 g.1937 J «fe D 85%a. 84 Jan.
89% Apr.
Gal.H.&SanAn. M.«ftP.D.lst,5g M«fe N 91
90 May 92% Apr. San Ant.<& A.P.—ls t ,4 g.,gu.,’43 J «fe J 5 1 V
50% Jan. 59% Apr.
Gen. E lectric, deb. 5s, g . . .1922 J «fe D 85 b. 68 Jan. 89 May South Carolina—1st, 6 g . .
Feb.
110
Feb.
Hous. & T. Cent., gen. 4s, g. 1921 A «fe O 62 b. 60 Jan. 66 Mar. So. Pacific, Ariz.—6 g .. 1909-10 J «fe J 88 b. 91 Feb. 94% «Ian.
Illinois Central.—4 g .........1952 A «fe O '101%^ 100 Feb. 102% June So. Pacific, Cal.—6 g ___1905-12 A «fe O 104%
1
Ju
ly
108%
Mar.
Int. «ft Great Nor.—1st, 6 g.1919 M «fe N 109 %b. 110 Jan. 116 Apr.
1st consol., gold, 5 g ....... 1938 A «fe O 90 a. 85% May 98 Apr.
2d 4-5s...................
1909 M <fe 8 62 b. 60 June 68% Apr. So. Pacific, N. M.—6 g ....... 1911 J <fc J 95 b. 94%
July
98%
Apr.
Iow a Central.—1st, 5 g ___1938 J «fe D 90
86 Jan. 95 Apr. Tenn.C. I. <feRy.—T en.D .,lst,6 g A «fe O 79%a. 75 Jan.
85% Apr.
Kings Co. E lev.—1st, 5 g .. 1925 J «fe J 79%a. 79 Jan. 85 Apr.
Birmingham D iv., 6 g .. .1917 J «fe J 82%a. 77 Jan.
87 Apr.
Laclede Gas.—1st., 5 g ___1919 Q - F
88
81 Jan. 89 Apr. Texas <fe Pacific—1st, 5 g ..2 0 0 0 J «fe D 81%b. 72% Jan.
85 May
Lake Erie <fe West.—5 g__ 1937 J «fe J 113%b. 110% Jan. 115% Apr.
2d, incom e, 5 g....-........... 2000 March
2134
17%
Jan.
26% Apr.
L. Shore.—Con. cp., 1st, 7 s . 1900 J «fe J 118 h 118 Jan. 121% May Tol. Ann Ar. <fe N. M.—6 g.1924 M «fe N * 60 b. 55 Mar. 70
Apr.
Consol, coup., 2d, 7 s . . . . .1903 J «fe D 123 b. 122 Jan. 125% May Toledo <fe Ohio Cent.—5 g.1935 J «fe J 103%b. 1
108
May
Long Island.—1st con., 5 g.1931 Q - J 114% 113 Jan. 116 May Toledo Peo. «ft West.—4 g.1917 J «fe J 68%b.
July
84% Mar.
General m ortgage, 4 g .. 1938 J «fe D 99 a. 93% Feb. 99% May Tol. St. L. <feKan.C—6 g . . 1916 J «fe D f 60 a.
July 164 Apr.
Louis. <fe Nash. Cons., 7 s. 1898
<fe O lll% b . 109% Apr. 113% Mar. Union Pacific—6 g . . . , ........1899 J «fe J 104% ]
111 Apr.
N.O. <fc Mobile, 1st, 6 g ..l9 3 0
«fe J 112 b. 112% Jan. 117% June
E xt. sinking fund, 8 ........1899 M «fe 8 96 b. 90 June 103 Feb.
“
“
2d, 6 g .. 1930
«fe J 100 a. 97 Jan. 104 Apr.
Collateral trust, 4%........1918 M «fe N 40 a. 40 May 49 Jan.
General, 6 g .......................1930
«fe D 112%b. 109% Jan. 116 Mar.
Gold 6s, col. tru st notes. 1894 F «fe A 82 b. 82 Jan. 92% Apr.
Unified, 4 g . . . .........
1940
«fe J 71 b. 71 July 77% Apr.
Kan. Pae.-Den. D iv., 6 g.1899 M «fe N 104% 1 01 Jan. 109 May
Nash. Fl.«fcSh.-lst,gtd.,5 g.’37
<fe A 95 a. 76 Feb. 90 Feb.
1st consol., 6 g ...............1919 M «fe N 79 %a. 72 June 97 Mar.
Kentucky Central.—4 g. 1987
«fe J 82%b. 82 Jan. 85 May
Oregon Short L in e - 6 g ..l9 2 2 F «fe A 80%
75 Jan.
92% Mar.
Louis. N. A. & Ch.—1st.,6s. 1910
«fe J 108 b. 108 Jan. 113% Mar.
Or.8.L.«feUt’hN.—Con.5g.1919 A «fe O 40 b. 40 .Tuly 56% Apr.
Consol., 6 g ........... •........... 1916 A <& O 92 a. 83 June 100 Mar.
U.P.Den.«feGulf,con., 5 g.1939 J «fe D 33
31% June
Apr.
Louis. St. L. <fe Texas.—6 g.1917 F <& A ' 50 b. 55 July 61 Apr. U. S. Cord.—1st col., 6 g .,1 9 2 4 J <& J 82 b. 70 May 48%
87% J u n e
Metro. Elevated.—1st, 6 g.1908 J <& J 117%b. 116 Jan. 121% June Virginia Mid.—Gen.M., 5s. 1936 M«fe N 92%b. 70 Jan. 92%
Ju ly
■2d, 6 s ................. . . . . . . . . . . 1 8 9 9 M «fe N 108 b. 107 Jan. 111 Apr.
“
“
stam ped guar.. M «fe N 92%b. 72 Jan.
92% J u ly
Mich. Cent.—1st, cons., 7 s .3 902 M «fe N 121 b. 119% May 124% Mar. Wabash—1st, 5 g ................. 1939 M «fe N 103%
] 02 Jan. 107% Apr.
Consol., 5 s ......................... 1902 M «fe N 104 b. 106 Mar. 107 May
2d mortgage, 5 g.............. 1939 F <& A 69%
69% July 79 Apr.
Mil. Lake Sh. &W.—1 st, 6 g.1921 M«fe N 125 %b. 124 Jan. 130 Apr.
Debent. M., series B ....... 1939 J «fe J 25 a. 21 Mar. 28% Apr.
Exten. & Im p., 5 g.......... 1929 F <& A 110%b. 105% Feb. 110% Ju ly West. N. Y. <&Pa.—1st, 5 g.1937 J «fe J * 97
b. 97 July 101% May
Mo. K. «ft E.—1st 5s, g., gu.1942 A «fe O 76
76 July 83% Mar.
1927 A <fe 0 1 20%
2d m ortgage..............
18% Feb. 22 Jan.
M. K. & Texas.—1st, 4s, g.1990 J «fe D 78%
78 Jan.
83% Apr. West. Un. Tel.—Col. tr., 5 s.l9 3 8 J «fe J 105%b. ] 03 Jan. 109 June
2d, 4s, g .............................. 1990 F «fe A 39%
38 June 48% Apr. Wise. Cent. Co.—1st, 5 g ..l9 3 7 J «fe J 54 a. 51 June 76% Mar.
Mo. Pac.—1 st,con., 6 g ___1920 M <fc N
94%a. 87 Jan. 101 % Apr.
Incom e, 5 g .......................1937
* 10 a.
9 June 18 Feb.
N ote.—“b” indicates price bid ; “a” price ashed ; the range is m ade up from actual sales only. * Latest price th is w eek, t Trust receipts«

NEW YORK STOCK EXCHANGE PRICES—(Continued).—IN AC TIVE BONDS—J U L Y 27.
SECURITIES.

Bid.

Ask.

SECURITIES.

B. <feO.—dons, m ort., gold.5s.1988
Railroad Bonds.
W. Va. & P itts.—1st, g., 5 s ..1990
(Block Exchange Prices,)
B. «fe O. S. W., 1st, g., 4 % s...l9 9 0
Alabama Mid.—le t , g., guar.. 1928
87
Monon. River, 1st g.,g. 5 s. . . 1919
4 . T. «&S= F —2d, 4s, Class B .1989
Gent’lO hio Reor.—1st, 4% s.l930
Col. Mid. 1st, g ., 6 s..............1 9 3 6
72%
68
Ak.«fe Ch. Juno.—1st,g,5s,gu,1930
«•«»atio & Danv.—1st g., 6 s ..1917
Bost. H. Tun. «fe W.—15eb. 5 s .1913
AtL A Pac.—2 d W. D., gu. 6 s,.1907
Brooklyn Elevated—2d, 5 s . . . 1915
Balt. & Ohio—1st, 6s, Park B .1919 118%
Brunswick <&W’n—1st, g. 4s, 1938
** g °id ......... .......................... 1925; * 112%
Bufi. Ro h. <&P itts.—Gen., 58.1937




Bid. Ask.

SECURITIES.

*112% ......... B.R.«&P.—Roch. * P ., 1st, 6 s .1921
Roch, «ft P itts.—Cons. 1st, 68.1922
Burl Ced. Rap. «ftNo.—Is t,5 s.l9 0 6
Consol. <fe collât, trust, 5 s ... 1934
*104 106
Minn, «ft St. L.—1st, 7s, g u ..!9 2 7
*
104
Iow a C. «ft West.—1st, 7 s___1909
101%
Ced. Rap. I. F. «ft N ., 1st, 68.1920
60
62%
1st, 5 s ...... ............................ 1921
G.Ohio—Coi. «ft Cin.M.lst,4%s. 1939
97
98% Cent. RR. «ft fu n k .—CoL g.5«.1937

Bid.

Ask.

124
117 119
105% 106%
*97% 98
102

•mrnmmm

*88

......

148

THE CHRONICLE.

[V o l .

L1X,

NEW YORK STOCK EXCHANGE PRICES.—IN A C TIV E BONDS—f ContinuedJ—J U L \ 27.
SECURITIES.

Bid.

Ask

Cent, of N. J.—Cony, deb., 68.1908 116ia 118
Csntrai Pacific—Gold bds, 6s, 1895 100
Gold bonds, 6 s .. .................. .1896 100 is
Gold bonds, 6 s ....................... 1897 loot*
Ban Joaquin Br., 6 s...............1900 1031*
Mort. gold 5 s ...........................1939
99
Land grant, 5s, g....................1900
Cal. & O. D iv., ext., g. 5 s ... 1918
103%
1051*
West. Pacific—Bonds, 6 s___1899
Wo. Railway (Cal.)—1st, 6 s .1907
50-year 5 s ............................ 1938 90
Qhea. & O.—Pur. M. fund, 6 s .1898 107 1081*
6s, gold, series A ....................1908 117 1181*
Craig V alley—1st, g., 5 s___1940
Warm Spr. Val., 1st, g. 5 s ..1941
Ohes. O. & So.West.—1st 6s, g.1911 1001*
2d, 6 s.........................................1911
O h .V .-G en .con .lst,gu .g,5s.l938
Chicago & Alton—S. F., 6 s __ 1903 115
Louis. & Mo. River—1st, 78.1900 117%
2d, 7 s . . . . . . .................... ....1 9 0 0
Bt. L. Jacks. & Chic.—2d, 7S.1898 1071*
Miss.R. Bridge—1st, s. f., 68.1912 f105i*
Ohio. Burl. & Nor.—1st, 5 s___1926 103 104
95
Debenture 6 s ............... .......1 8 9 6
Ohio. Burling. & Q.—5s, S. f ..l 9 0 1 106
Iow a Div.—Sink, fund, 5 s .. 1919 *106
961*
Sinking fu n d ,4 s............ ...1 9 1 9
Plain, 4 s . . ................................ 1921 89i*
97
Ohio & Indiana Coal—1st 5 s .1936 96
OM. Mil. & St. P.—lst,8 s,P .D .1 8 9 8 116 1171*
H*2d, 7 3-10s, P. D ....................1898 120 123
1st, 7s, $ g., R. D ....................1902 1231« 1231*
V 1st, I. & M., 7 s....................... 1897 1131* 114%
lU s t , I. & D., 7 s ....................... 1899 1151*
1st ,C. & M .,7 s....................... 1903 124 126
1st, I. & D .E x te n s io n ,7 s ...1908 126>* 129
¡¿ let, La C. & D av., 5 s............ 1919 105
g i s t , H. & D., 7 s ......................1910 123 1241*
„ 1st, H. & D., 5 s ......................1910 104
L Chicago & Pacific D iv., 6 s .. 1910
117%
Mineral Point D iv. 5 s....... ..1 9 1 0 l104i* 1061*
ffO. & L. Sup. D iv., 5 s............. 1921 1051* 107
Fargo & South., 6s, A s s u ...l9 2 4 115
jjln c. eonv. sink, fund, 5 s . . . . 1916 971*
¡¡4 Dakota & Gt. South., 5 s___1916 104
f Mil. & Nor. m ain lin e—6 s ...1910 ‘116
Chicago &North western—
107%
30-year deb. 5 s . . . . . . ............. 1921
Escanaba & L. S. 1st, 6 s ....1 9 0 1
D es M. & Minn.—1st, 7 s . . ..1 9 0 7
Iow a Midland—1st, 8 s......... 1900 120
Peninsular—1st, conv., 7 s ...1 8 9 8
Chic. & Milwaukee—1st, 7 s .1898 110%
Win. & St. P .—2d, 7 s.............1907
Mil. & Mad.—1st, 6 s ............ 1905 1141*
Ott. C. F. & St. P .—1st, 5 s .- 1909 *107
Northern 111.—1st, 5 s ....... „ 1 9 1 0 *107
CJh.Peo. &St.L.—Con.1st,g.5s. 1939
96
Chicago Rock Island & Pacific—
80
D. M. & F. D. 1 st 4 s ...............1905
60
1st, 2%s................................1905 50
Extension, 4 s ......................1905
Keokuk & D es M.—1st, 5 s .. 1923
99
Ohio. & St.L.(Atch.)—1st, 6 s ..1915
Ohio. St. P. & Minn.—1 s t,6 s ...1918 126 128
St. P aul &S. C.—1st, 6 s....... 1919 126% 127
Ohio. & W. Ind.—1st, s. f., 6s. 1919
General m ortgage, 6 s ...........1932 117% 118%
Cto Ham. & D.—¡Don. s. f., 78.1905 119%
2d, gold, 4*38...........................1937 95
Gin. D. &Ir’n—1st, gu. 5s, g.1941 98
98%
O ev . Ak. & C o l—Eq. & 2d 6S.1930
0 .0 .C. & St. L., Cairo div.—4s, 1939
Bt.Lou.Div.—lstc o l.ts’t4s,g. 1990 90
92
Spring. &Col»Div.—lst,g . 4s. 1940
WhiteW.Yal.Div.—lst,g . 4s. 1940 87
Cin.Wab.&M.Div.—Ist,g .4 s.l9 9 1
90
Oin. I. St. L. & C.—Ist,g .,4 s.l9 3 6 93
94%
C on sol, 6 s................................ 1920
Cin.San.&Cl.—C on .lst,g.5s, 1928 103
Cl.Col. Cin. & Ind.—1st, 7 s,s.f.l8 9 9 *114
Consol, sink, fund, 7 s . . . . . . . 1914
Cleve. & Mah. Y.—Gold, 5 s ... 1938
Columbia & Green.—1st, 6 s. . . 1916 100
Del. Lack. &W.—Mort. 7 s ___1907 133%
Syra. Bing. & N. Y.—1st, 78.1906 129 132
Morris & E ssex—1st, 7 s___1914 142
Bonds, 7 s ......................... ...1 9 0 0 *113% 115%
7s of 1 8 7 1 ........................... 1901 120
1st, con., guar., 7 s.............1915 138
Del. & Hud, Can.—Coupon 7s,1894 1025s
Pa. D iv., coup., 7 s.................1917 140 143
Albany & Susq.—Is t,g u .,7 s.l9 0 6 131 133
1st, cons., guar., 6 s......... .1906 *120
Bens. & Sar.—1st, coup., 7 s.l9 2 1 144
D enver City Cable—1st, 6 s. ..1 9 0 8
D env. Tramway—Cons. 6s, g .1 9 1 0
Metropol. Ry,—lst,g u . g .6 s.l911
Denv. & R. G.—Imp., g., 5 s ...1928
D uluth & Iron Range—1st 5s. 1937
92
E . Tenn. Va. & Ga.—1st, 7 s ...1900 112 112%
D ivisional 5 s...........................1930
Eq. & Imp., g., 5 s...................1 9 3 8
73
77
Mobile & Birm.—1st, g .,5 s ..1937
Alabama Central—1st 6 s ...1918 100
I r ie —1st, extended, 7 s ...........1897 *108%
2d, extended, 5s.....................1919 115
8d, extended, 4%s..................1923 108
4th, extended, 5 s . . . . ............. 1920 110 114
eth. extended, 4 s....................1928 100
1st, con., g., f’d, 7 s ...............1920
130*
Reorg., 1st lien, 6 s.................1908 105
B . N. Y. & E.—1st, 7 s ...........1916 129
N. Y. L. E. & W.—Col. tr.,6 s.l9 2 2
Funded coup., 5 s.................... 1969 *67%
Buff. & S. W.—Mortg. 6 s ....1 9 0 8
Jefferson—1st, gu. g. 5 s ___1909
100
Coal &RR.—6 s....................... 1922
Dock & Im p t.,lst 6s, cur’cy .1 9 13
Eureka Springs—1st, g., 6 s ... 1933
E vans. & T.H.—1st, cons., 6 s .. 1921
108
1 st, general, g., 5 s ..............1 9 4 2
Mt. Vernon 1st 6 s ..............1 9 2 3

SECURITIES.
E.&T.H.—S u l.C o.B r.lst,g.,5s.l930
Ev.&Rich.—1st gen .5s,g.gu .l931
Evans. & Indian.—1st, con s.. 1926
Flint & P. Marq.—Mort., 6 s. ..1 9 2 0
1st con. gold, 5 s ......................1939
Port Huron—1st, 5 s .............1939
Fla. Cen & Pen.—1st g. 5 s .... 1918
1st con. g., 5 s ......................... 1943
Ft Worth & R .G .—l s t g . , 5 s ..1928
Gal. Har. & San Ant.—1st, 6 s .1910
Gal. H. & 8 . A.—2d m ort., 7 s ..1905
Ga. Car. & Nor.—1st, gu. 5s, g.1929
Ga. So. & Fla.—1st, g. 6s.........1927
Grand Rap. & Ind.—Gen. 5 s. .1924
G. B. W. & St. P.—2d inc. tr. rects
Housatonic—Cons, gold 5 s.. . . 1937
N .H aven& D erby, C ons.5s..l918
Hous. &T. C.—Waco & N. 7S..1903
l s t g . , 5 s (int. g t d i...............1937
Cons. g. 6 s (int. gtd)............ 1912
Debent. 6 s, prin. & int. gtd.1897
Debent. 4s, prin. & int. gtd.1897
Illinois Central—1st, g., 4s ...1 9 5 1
1st. gold, 3% s......................... 1051
Gold 4 s ......................
1953
Cairo Bridge—4 s ....... ............1950
Springf. D iv.—Coup., 6 s ___1898
Middle D iv.—Reg., 5s.......... 1921
C. St. L. &N. O.—T en.l., 7s. 1897
1st, consol., 7s.....................1897
2d, 6 s .....................................1907
Gold, 5s, cou p on.................1951
Memp, D iv., 1st g. 4 s ....... 1951
Ced. F alls & Minn.—1st, 7s. .1907
Ind. D. & Spr.—1st 7s, ex. cp .1906
Ind.D.&W.—1st 5s, g .,tr.reo ..l9 4 7
2d, 5s, gold, trust receip ts.. 1948
Inc. M. bonds, trust receipts .
Ind. Ills. & Iowa.—1st, g, 4s., 1939
Iht.&G. N’n—ls t , 6s,g................1919
Kings C o.-F.E l.,lst,5,g.,gu. A. 1929
Lake Erie & W est.—2d g., 5 s .1941
L. S. &M.80U.—B.&E.—N e w 7 s .’98
Det. M. & T.—1st, 7 s.............1906
Lake Shore—Div. bonds, 7 s .1899
Kal. All. & G. R —1st gu. 5s. 1938
Mahon’g C o a lR R —1st,5 8 .1 9 3 4
LehighY.^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
Idtchf. Car.& West.—1st bs. g.1916
Long Island—1st, 7 s ................1898
Gold 4 s .....................................1932
N. Y. & R’w ay B.—1st, g. 5 s. 1927
2d m ortg., in 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. & Nash.—1st 6 s, g ....l 9 1 9
Pensacola Division, 6 s ......... 1920
St. Louis Division, 1st, 6 s ... 1921
2d, 3 s . . . ..........
...1 9 8 0
Nashv. & Decatur—1 s t,7 s .. 1900
S .f., 6 s —S. & N. A l a ............1910
10-40, gold, 6 s ....................... 1924
50-year 5s, g .,....................... .1937
Pens. & At.—1st, 6 s, g o ld ... 1921
Collat. trust, 5s, g .................1931
Lou.N.Alb.&Ch.—G en.m .g.5s.l940
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, 6 s, “A” ...............1917
2d, incom e, 6 s, “ B ”............. 1917
Michigan Central—6s ...............1909
Coupon, 5s....... ....................... 1931
Mortgage 4 s .............................1940
Bat.C.&Strgis.—Ist,3 s,g .g u .l9 8 9
Mil. L. S.&W.—Conv. deb., 5S.1907
Mich. D iv., 1st, 6 s..................1924
Ashland Division—1st, 6 s ..1 9 2 5
Incom es.............................................
Minn.& St. L.—1st, g. 7 s ......... 1927
Iow a E xtension, 1st, 7s....... 1909
2d mortg., 7 s......... . . ..............1891
Southwest E xt.—1st, 7 s.......1910
Pacific E x t.—1st, 6s ............. 1921
Impr. & equipment, 6 s.........1922
Minn. & Pac.—1st m ortg., 5 s .1936
Minn.St.P.&S.S.M!—1st c.g .4 s.l9 3 8
Mo.K.&T.—K.C.&P., 1 st,4s, g.1990
Dal. & Waco—1st, 5s, g u ..,. 1940
Missouri Pacific —Trust 5 s. . . 1917
1st coll., 5s, g . . . . .................. 1920
St L.&I. M .--A rk.B r.,lst,7s.l895
Mobile & Ohio—1st ext., 6s ... 1927
St. L. & Cairo—4s, guar....... 1931
Morgan’s La. & T.—1st, 6 s__ 1920
1st, 7 s . . . . . . . . . ......................... 1918
Nash. Chat. & St. L.—2d, 6 s .. 1901
N. O. &. No. R. -P r. L, 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. & Rome—2d, 5s, g.,gu .l915
U tica & Bl. Riv.—4s, g., gu.1922
N. Y. & Pa*.—1st, g., 4 a. gu.1993
N. Y. N. H. & H .—1st, rear 4 s. 1903
N. Y. & Northern—1st, g. 5 s .. 1927
N. Y. Susq. & West.—2d, 4%s. 1937
Gen. mort., 5s, g .................... 1940
N. Y. Tex. & Mex.—lst,4 s,g u .l9 1 2
North’n Pacific—Divid’d scrip ex t.
Jam es River Val.—1st, 6S...1936
Spokane & Pal.—1st, 6 s....... 1936
St.Paul & N. P .—Gen., 6 s ..1923

L *' No price Friday; these are the latest quotations m ade this week.




Bid.

Ask.
50
110

115%
80
103
*93
*58
90

60
100

100

10% 16
117%
113%
105
103 103%
101%

90

86

97% 100
9/% 98%
105
112
110

110%
114
*98

103

77% 79
109% 110%
102%

113
126,
114
110
112

*99
105

107

95
111% 113%
37% 43
102 105
102

45

110%

110
113%
57
110% 112
104
100
*95
98%
98
62
97% 98

70

114
93
Í04** 105%
123
124% 127
120%
116
127
140
114
111
72%

100%
111

124%
108
103%
100

103
107

102
101 %

116
86
91

92
93

24

30

SECURITIES.
Northern Pacific—(Continued.)
Helena&RedM’n—lst,g ., 6 s. 1937
Duluth&Manitoba—lst,g .6 sl9 3 6
Dul.&Man Dak.Div.—Ist6 s.l9 3 7
Cœur d’Alene—1st, 6s, gold. 1916
Gen. 1st, g., 6 s..................... 1938
Cent.Washington—lst,g .,6 s.l9 3 8
Norfolk & South’n—1st, 5 s,g .1941
Norfolk & West.—General, 6 s . 1931
New River, 1st, 6s ................ 1932
Imp. & E xt., 6s....................... 1934
Adjustment M., 7 s .............1 9 2 4
Equipment, 5 s................
1908
Clinch Val. 1st 5 s..................1957
Roanoke&So.—1st, gu. 5s, g.1922
Scioto Val. & N. E.—1st, 4s,.1990
Ohio & Miss—2d consol. 7 s ... 1911
Spring.Div.—1st 7s................1905
General 5s................................1932
Ohio River RR.—1st, 5 s.......... 1936
Gen. g .,5 s ................................ 1937
Oregon & Califor.—1st, 5s, g.1927
Oreg. Ry& Nav.—Col.tr. g ..5 s.l9 1 9
Pan. Sink.F’d Subsidy—6s, g. 1910
Penn.-P.C.C&St.L.Cn.g.4%sA1940
Do
do
Series B .......
P .C .& S.L.-lst,o.,7s................ 1900
P itts. Ft. W. & C.—1st, 7 s ... 1912
2d, 7 s ................................... 1912
3d, 7 s ..................................... 1912
Ch.St.L.&P.—1st,con .5s,g... 1932
Clev. & P .—Cons., s. fd., 7 s. 1900
Gen. 4%s, g., “ A” ............. 1942
St. L. V. & T. H .—1st, 6s., 78.1897
2d, 7 s ..................................... 1898
2d, guar., 7 s........................ 1898
Gd.R.&I.Ext.—1st,4%s,G.g. 1941
Peo.& E.-Ind.B.& W .-lst,pf.7s.l900
Ohio Ind.&W.—I s tp r e f.5 s ..l9 3 8
Peoria & Pek. Union—1st, 6s .1921
2d mortg., 4%s....................... 1921
Pitts. Cleve. & Tol.—1st, 6 s ... 1922
P itts. & L. E r —2d g. 5s, “A ” . 1928
Pitts. Mc. K. & Y.—1st 6s___ ,1932
Pitts. Painsv. & F.—1st, 5 s ...1 9 1 6
P itts. Shen. & L. E.—1st,g .,5 s.1940
Pitts. & West.—M. 5s, g.1891-1941
Pitts.Y ’gst’n&A.—1st, 5s,oon .l927
Pres. & Ariz. Cent.—1st, 6s, g.1916
2d incom e 6 s ........................... 1916
Rich. & Danv.—Debenture 6s. 1927
Equip. M. s. f., g., 5 s............. 1909
Ati. & Char.—1st, pref., 7 s .. 1897
do.
Incom e, 6 s .... 1900
Wash.O.&W.—lst,4s,gu .cy.,1924
RioGr. June.—1st, gu., g., 5S.1938
Rio Grande 8o.—1st, g., 5 s ... 1940
St. Jos. & Gr. Is.—2d in c......... 1925
Kan. C. & Omaha—1st, 5 s .. 1927
St. Louis A. & T. H .—
Bellev. & So. 111.—1st, 8 s ... 1896
Bellev. & Car.—1st, 6s..........1923
Chi. St. L. &Pad.—1 st, gd. g. 5 s 1917
St. Louis So.—1st, gd. g. 4 s .1931
do
2d in com e,5s. 1931
Car. <feShawt.—1st g. 4 s . . . . 1932
St. L. & S. F —2d 6 s,g., cl. A .1906
Equip., 7 s .............................„ 1 8 9 5
General 5 s................................ 1931
1st, trust, gold, 5 s . . . . ...........1987
Consol, guar., 4 s .................... 1990
Kan. City & S.—1st, 6s, g ...l 9 1 6
Ft. S. & V. B .B g. —1st, 6 s . . . 1910
K ansas Midland—1st, 4s, g.1937
St. Paul & Duluth—1 s t,5 s . . . . 1931
2d m ortgage 5s. . .................... 1917
St. Paul Minn & M.—1st, 7 s .. 1909
2d mort., 6 s......................
1909
Minneap. Union—1st, 6 s ___1922
Mont. Cen.—1st, guar., 6 s .. 1937
1st guar. g. 5 s ....... .................1937
East. Minn., 1st div. 1st 5s. 1908
Wilmar&SiouxF.—1st, g ,5 s.l9 3 8
San Fran. & N. P .—1st, g., 5s. 1919
South Carolina—2d, 6 s...........1931
Income, 6 s...............................1931
So. Pac. Coast—1st, g u a r.,4 s.1937
Ter.RR. As’n of S c.L .-lst,4% s.l939
Texas &New Orleans—1st,7s. 1905
Sabine Division, 1st, 6 s....... 1912
Consol. 5s, g .................
1943
T es. & Pac., E. D ,—1st, g. 6 s.l9 0 5
Third Avenue (N.Y).—1st 5s, 1937
Toi. A. A. & Cad.—6 s..............1 9 1 7
Toledo A. A. &G’dT r.—g. 6s. 1921
Tol. A. A. & Mt. PI.—6 s...........1919
Toi. A. A. & N. M.—5s, g.........1940
T.&O.C.—Kan.&M., Mort. 4 s.l9 9 0
Ulster & D el.—1st, con.,6.,5s. 1928
Union Pacific—1st, 6 s.............. 1896
1st, 6 s ...................................... 1897
1st, 6 s....................................... 1898
Collateral Trust, 6 s___. . . . . 1908
Collateral Trust, 5 s...............1907
K ansas Pacific—1st 6s, g ...l 8 9 5
1st, 6s, g ....................
1896
C. Br. U. P - F . o,, 7 s ...........1895
Atch. Col. A Pac.—1st, 6 s... 1905
Atch. J. Co. & W.—1st, 6 s ... 1905
U. P. Lin. & Col.—1 st,g., 5s. 1918
Oreg.S.L. & U.N. ,col.trst.,5s. 1919
Utah & North.—1st, 7 s ......1 9 0 8
Gold, 5 s................................. 1926
Utah Southern—Gen., 7s ..1 9 0 9
E xten., 1st, 7 s.................... 1909
Valley R’y Co. of O.—Con. 6s. 1921
Wabash—Debenture, Ser. A .. 1939
Det. & Chic. E xt. 1st, 5s, g .,1 9 4 0
No Missouri—1st, 7 s . ......... 1895
St L.K.C.&N.—R.E.&RR.7S.1895
St. Charles Br’ge—1st,6 s... 1908
West, Va. C. <&P itts.—1st, 6 s .1911
Wheel.&L.E.—1st. 5s, g o ld ...1926
E xten sion <&Imp, g., 5 s .....1 9 3 0

B o r ftL iscellau eo as and. U n lis te d B o n d s .

Bid.

Ask.

70%
70%
101

106

42
102%
115
111

77
68% 69%
117
107% 110

79
103
iïé * *
134%
133

99
85
49
104
104

114
116% 123
107
106%
99 101
109
108% 112
64
108 115

55
89
85

102

98
69

100

95

85
47%

103

106

*80
111%

77%
69
40% 42

114%
104
110
117% 118%
110
101
102
87

99

*90
106
117
70

75
75

*70
101%
103%
104
104
80
60
102
102%

74
101%
103%
104%
104%

*35
30
25
.........

103
104
104
40
40

sT "
86

98
103
105% 106
106
106

^®e 3d page preeadiug

THE CHRONICLE.

J uly 28, 1894.]

R o a d s.

149
L atest E arn ings Reported.
WeekorMo

AND

§ & iJ ttr a d i t t M l i g c m c .
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
furnished without extra charge to all regular subscribers o f
the C h r o n ic l e .
I he General Quotations o f Stocks and Bonds, occupying six
pages of the C h r o n ic l e , are published on the th ir d S a tu r­
d a y o f each month.

RAILROAD EARNINGS.
Latest E arn in gs Reported.
R oadb.

Week or Mo

Adirondack___ M ay____
Ala. M idland... M ay__
Allegheny V al. June ...
Annap. W. A B .. A p ril...
Ark. M idland... M ay__
Atch.T.&8. F e. 2d wk July
B t L. & San F 2d wk July
A tlantic A Pac 2d w k July
Col. Midland.. 2d wk July
Agg. t o ta l... 2d w k July
AtlantaAChar.a A pril...
A tlanta A W. P M ay__
Austin & N’w est M ay__
B.AO.EastLines J u n e ...
W estern Lines J u n e ...
T o t a l.......... J u n e ...
BaLAO.Sou’w.d 3d wk July
Bath A Ham’nds M a y .. ..
B ir.A A tlan tic.. J u n e ...
Brooklyn E le v .. 3d w k July
Bnft.Rooh.APitt 3d w k July
Bur.C.Rap. AN Istw k Ju ly
Camden & A tl.. M ay...........
OanadianPaeitic 3d wk July
Gar.Cum.GACb- A p ril...
Oar. M idland.... J u n e ...
Central of N. J .. June ...
Central Pacific.. M ay__
Central o f 8. C-. A p r il...
Char. Cin. AChic. J u n e ...
Charlest’nASav A p ril...
Char. Sum. & No. J u n e ...
Chat’aua Lake.. M ay___
Cheraw.&Darl.. M ay__
d ie s. & O h io .... 3d wk July
Ohes. O. & So.W. M a y __
Chic. Bur.A N o M ay__
Chie. Bur. & Q.. May ...
Chie.& East. I ll. 2d w k July
Chicago A E rie. M ay...........
Ohio. &t. West’n 2d w k July
Chio.Mil.ASt.Pf 3d w k July
Ohio.AN’thw ’n / J u n e .........
Ohic.Peo.AS.L... 2d w k July
Chic.R’k I .& P .. J u n e ...
Ohio.St.P.M.AO. M ay___
Chic. & W. Mich. 3d w k July
Cin. Ga. &Ports. June ...
Cin.& Kent. Sou M ay_____
Cin. Jack & Mac. 2d wk July
Oln.N.O. A T .P . J u n e ...
Ala. Gt. South. J u n e . ..
N.Orl. & N. E. June ...
Ala. & Vicksb. J u n e . ..
Vicks.Sh. A P . June ...
Erlanger Syst. June . ..
Cin.Ports. & V.. J u n e ...
Col. A Maysv. June ...
d e v . Akron&Co. 3d w k May
CL Cin.Ch.&S.L. 2d wk July
Peo. A E ast’n. M ay...........
Col. Newb. A L. A pril.........
Col, H. V. & Tol. M ay...........
Ool. Shawnee AH J u n e .........
Colusa & L ake.. J u n e .........
Crystal...............M ay............
Oumb’ld Valley M ay...........
Current R iver.. 2d wk July
Denv. & Rio Gr 3d wk July
D etL ans’g AN o 3d wk July
DttluthS.S.AAtl. 2d wk July
Duluth & Winn.. M ay...........
E.Tenn.Va. A Ga 2d wk July
Elgin.Jcl.AEasi J u n e .........
Eureka Springs. A p ril.. . . . .
Evans A ind’plis 2d wk July
Evans. & R ich .. 3d wk July
Evtousv. & T. H. 2d wk July
Fitchburg...........M ay............
Flint AP.Marq. 2d wk July
Florence............. A pril...........
FLd.Cnt. &Panin J u n e .........
Ft. W. & Rio Gr IJ u n e .........
«ads. & Att. D.. J u n e .........
Georgia RR....... I3d wk July
Ga.Car’la A No IMay...........
« co .S o .A F la ... jJ u n e.........
wr. Rap, A In d .. 2d wk July
Cin. R .APt. W. 2d w k July
Traverse City. 2d wk July
Mus. G. R. A 1. 2d wk July
_ Total all lin«a. 2d wk Ju ly
GrandTmnk .. W kJuly21
_Chic. A Gr. Tr. Wk J’ne 30




1894.
13,988
36.356
151,558
4,009
6,861
308,664
93,776
42,207
16,522
461.169
5i;490
32,654
22,149
1,313,747
359,779
1,673,526
121,947
1.512
1,562
28,835
67,881
36.347
64.249
355.000
4,603
2.466
1,219,425
1,116,827
6,162
10,350
52.578
8.300
3,454
4.512
192,339
161,875
139,380
2,516,316
19.000
172,574
42,564
448,708
2,440,044
13,962
1,223,697
661,973
27,575
5.494
932
9,877
251.000
102.000

82,000
32.000
30.000
497,000
24.348
997
16,064
166,693
116.663
5,204
104,886
53,152
1.300
711
60,013
694
108,900
18,347
44.356
8,773
76,555
55,563
5,788
4,225
1.622
12,326
557,764
40,259
14,854
155,981
15,325
531
18,656
46,510
65.929
31,719
6.466
1,402
2,212

41,799
353,923
52,109

1893.

Jan. 1 to L atest Date.
1894.

1893.

$
$
70,977
67,458
221,223
190,726
946,852 1,319,449
14,049
17,359
32,305
33,003

13,337
32.901
235,791
4,085
4,973
606,«84
111,748
56.398
27,867
802,897 L9,087,423 25,243,875
263,301
226,446
57,819
192,234
176,856
28,429
104,499
97,154
15.077
1,708,713 7,530,520 9,320,880
523,416 2.088,631 3,098,830
2,232,129 9,619,151 12,419,710
121.851 3,227,8X4 3.668,551
8,762
7,883
1.834
10.915
17,171
2.363
29,809 1,005,415 1,091,715
71,650 1,268,110 1,871,170
67,994 1,798,660 1,951,955
233,280
2154,594
58,959
428.000 9,177,086 10,747,997
15,863
17,735
3,227
21,644
23.510
2,491
1,320,297 5,755,286 7,136,867
1,330,248 4,866,755 5,443,546
39,356
36,807
7,797
77.497
81,454
9.821
265,036
267,207
57,166
81,790
79,156
7,500
21,250
15,557
4,904
42,994
5,924
36,325
203,327 4,586,103 5,528,530
986,352
809,938
185,229
224,002
665.967 1,010.061
3,290,842 12,796,691 15,683,329
87,183 1,502,592 2,301,243
908,248 1,211,191
232,998
73.077 1,743,619 2,224.996
580,822 14,762,027 18.022.200
2,912,2*4 13,966,78 16,072,920
592.730
454,334
19.114
1,717,163 8,032,807 8,994,554
637,853 2;931,892 3,210,886
802,954 1,026,628
32.114
31,635
31,623
5,789
6,125
4,545
1,721
362,844
312,114
10,486
343,614 1.643.000 2,0<>H,965
877,962
65 <,000
139,829
695,726
549.000
106.000
266,846
23*,000
4o;ooo
246,552
236.000
33,000
662,443 3.317.000 4,09*,051
128,843
117,121
24,176
6,799
4,906
1,293
378,240
334,40 i
18,093
261,726 6,22 ,611 7.194,329
665.443
596,343
142,108
26,092
32,946
3,849
914,830 1,328,940
243,309
54,634
10,555
7,667
1,900
6,934
4,283
1,342
343,244
285.360
77,631
67,337
65,074
1,707
,621,846
104,400 3,264,801
645,124
549,921
21,267
128,677
829,169
49,980
106,510
50,480
25,345
,048,094
89,671 2,622,665
460,673
493,012
65,987
21,442
28,218
8,028
191,728
8,002
134,088
76,836
56,753
1,922
662,329
548,421
28,568
954,840
647,629 2,574,194
590,732
53,578 1,289,901
58,230
65,352
12,847
806,470
99,628 1,203,771
189,530
120,220
27,121
5,121
723
3,137
722,424
667,281
19,547
202,053
34,536
289, 00
414,694
417,202
69,984
236,*37
4 3 ,2 l 6
952,415
250,697
194.035
8,507
33,145
26,522
1,168
81,407
2,329
52,539
601,786
55,230 1,225,511
,538,545
401,546 9,352,015
762,276
79,170 1,440,037

1894.

1893.

Jan. 1 to L atest Dale.
1894.

1

1893.

Gr.Tr’k (Con.)—
*
$
$
Det.Gr.H.AM. Wk J ’ne 30
18,223
22,069
458,580
5 3 0 ,6 2 7
Georget’n A W’n A pril.........
2,527
12,694
4,155
15,291
Gr. P.Wal. A Br. A pril.........
1,537
1,611
6,453
7,023
Great North’n S t l . M . A M . J u n e ......... 770,160 1,245,844 4,167,379 5,930,367
East, of Minn J u n e ......... 71,983 107,792 399,155 476,502
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
Gulf A Chicago. J u n e .........
2,646
19,951
2,425
19,971
H artsV ille......... A p ril.........
420
299
3,300
4 ,9 9 3
Hoos.Tun.AWil. J u n e .........
2,978
3,348
17,735
17,274
Hous. E. AW.Tex M ay...........
32,495
27,417
164,578
179,515
Humest’n AShen J u n e .........
56,800
8,976
9,000
63,009
Illinois Central. J u n e ......... 1,349,768 1,952,406 8,529,757 9,900,831
Ind.Deo.AW est. J u n e .........
27.270
165,150
35,957
219,892
In.AG t. North’n 3d w k July
48.764
57,088 1,549,662 2,162,316
llnteroe. (Mex.) Wk Ju ly 7
34,324 ■ 1,271,415 1,144,492
40,558
Iowa Central. . 3d wk July
896,211 1.001,420
32.294
29,172
Iron R ailw ay... J u n e .........
2,411
19,534
5,020
22,486
Jack. T. A K. W M ay...........
424,663
56,005
58,339
435,041
Kana wha AMich 3d wk July
191,522
6,606
5,105
186,449
Kan.C.Cl. A Sp. 2d w k July
4,486
3,419
145.899
141,563
K.C.F.S.AMem 2d w k July
36.295
66,630 1,958,643 2,340,162
K.CiMem.ABir 2d w k July
9,492
515,815
15,393
569,545
K. C. Pitts. A G. 2d w k July
3,702
172,008
7,523
59,321
Kan.C. Sub.Belt 2d wk July
122,791
6,841
5,946
119,952
Kan.C.Wy. AN W 3dwk June
145,968
6,174
4,617
152,789
Kan.C.ABeat. 3dwk June
5,520
230
213
6.481
Keokuk A West. 2d wk July
191,176
6,517
5.824
195.397
L. Erie All. A So. J u n e .........
32,753
6,713
3,785
40,189
L. Erie A W est.. 3d w k July
63,247 1,674,179 1,992,046
66,671
Lehigh A H u d .. J u n e ....... .
200,529
48,711
42.764
269,838
Long Island___ M ay........... 375,510 389,213 1,363,637 1,415,973
Louis. A Mo.Riv. April____
100,181
33,548
24,778
132,318
Louis.Ev.ASt.L. 3d w k July
743,458
30,681
26,640
965,508
Louisv. AN ash v. 3d wk July 364,485 379,155 10.115,764 11,988,516
Louis.N. A. A Ch. 3d wk July
66,606 1,413,387 1,810,595
59,923
Lou.St.L. A Tex. 2d wk July
210,826
9,659
7,709
315,920
Louisv. S o u th .. 2d wk July
311,292
11,221
9,976
362,794
Macon A Birin.. J u n e .........
34,833
5,418
4,180
33,730
Manches.AAug. A pril.........
3,630
1,122
604
5,721
Manistique........ T une.........
30.798
8,065
10,582
66,223
Memphis AChas. 2d w k July
649,609
17,656
17,902
771,667
IMexioan Cent. 3d w k July 138,596 131,616 4,724,142 4,429,486
Mexican Inter’]. M ay........... 163,751 173,743
883,118
886,445
[Mex. National 3d wk July
63,567 2,319,071 2,407,672
72,284
Mex. Northern M ay...........
268,906
58.409
tMexican R’way Wk Ju ly 7.
54,158 1,649,237 1.630,25
60,013
Minneap.ASt.L J u n e ......... 133.928 166,547
791,540
859,70
Mo.Kan.ATex. 3d wk July 172,066 192,513 4,662,605 5,228,54
Mo.Pac.AIronM 3d w k July 360,207 401,883 11,514,222 13,917,28
Mobile A Birm 2d w k July
135.899
4,435
3,778
150,43
Mobile A Ohio. June
247,439 259,748 1,591,261 1,666,84
Mont. A Mex. Gif June
565,694
84,643
90,000
536,21
Nash.Ch.ASt.L June
350,289 382,255 2,251,538 2,457,35
Nevada Central April
9,254
4,283
2,‘¿ 26
15,87
N. Jersey AN.Y F eb ru ary.
42.799
20,306
19,435
41,97
NewOrLASo’n .. June
48,032
8,498
5,793
63,66
N.Y.C.AH .R.. .e June
3.500,412 4,197,306 19,800,855 22,670,81
N. Y. L. E .A W . June
2,180,421 2,668,683 11,379,056 14,488.35
N.Y.Pa.AO hio,. May.
413,227 621,980 2,100,773 2,942,75
N. Y. A Putnam. April,
174,101
48,675
46,725
178.95
N. Y. Ont. A W . 3d wk July
93,145 1,992,908 2,062,99
86,138
N.Y.Susq. A W .. May
645,554
151,388 169,663
190,463
Norf. A South’n. May
46.447
40,369
Norf oik A W est. 3d w k July 213,094 195,087 5.373,410 5,583,7
N’theast’n (S.C.) April
'250,278
62.447
50,963
277,4
North’nCentral. June
493,411 653,105 2,697,147 3,494,5
North’n Pacific. 3d w k July 186,662 364,810
15,589
Oconee A West. J u n e .........
1,592
2,570
7,317
Ohio R iver......... 2d wk July
331,627
16,851
13,297
407,209
Ohio Southern.. Istw k Ju ly
10.677
17,147
181.657
Omaha A St. L .. May.
27,219
45.678
243,138
Oregonlm p. Co. May.
310,940 347,942 1,496,506 1.487,697
Pennsylvania... June
4,162,281 5,782,462 26,248,177 33,885,417
412,692
PeoriaDec. AE v. 3d wk July
19,762
487.392
14.691
231,219
Petersburg......... May
50,421
46,326
244,208
Phila. A E r ie ... May
309,608 507,784 1,354,245 1.991,448
Phila. A R ead’g. June
1,997,307 2,024,749 9,309,553 11,074,936
Coal A ir. C o... June
2,348,984 2,098,301 10,225,838 11,363,006
TotalbothCos. June
4,346,291 4,123,050 19,535,391 22,437,942
16,032
3,394
Pitts. Mar.ACh. June
2,415
19,748
168,687
Pitt.Shen.AL.E, June
46,105
198,739
31,260
581,100
Pittsb. A W est. - June
727 ,9 8 2
100,076 151.740
290,973
Pitts. Cl. A Tol. June
410,762
89,648
50,400
127,857
41,053
P itts. Pa. A F. June
154,124
26,948
1,130,879
60,109
1,484,483
Total system.. 3d wk July
47,018
447,338
Pitt.Young.&A. J u n e .........
7 2 5 ,7 8 5
92,101 188,830
127,538
14,929
132,275
Pt. Royal A Aug. M ay...........
13.409
129,247
120,245
19,326
25,643
Pt. Roy. AW. Car. A pril_____
110,998
132,184
22,768
Quinoy O. A K.C. J u n e .........
19,660
Rich’d A D anv. 3d wk Ju ly 158,886 153,313 4,610,843 4,8 7 3 ,9 3 6
910,953
990,065
32,266
Georgia P ac.. 2d wk July
30,733
317,243
350,085
Char C.AAug. 2d wk J uly
12,646
14,108
291,376
276,073
7,818
8.149
Col. A Green v. 2d wk,July
Total............ 2d w k July 190,839 207,5051 6,001,529 6 ,3 3 6 ,8 4 6
297,677
341.393
74,164
63,300
Rich.Fr’ksb. AP. M ay...........
138,646
152,421
32,893
Rich. A Petersb. M ay...........
28.348
167,013
6,341
306,084
Rio Gr. South’n. Istw k Ju ly
5,908
46,900 1,033,503 1,239,174
31,425
Rio Gr.West’n.. 3d wk July
54,094
58,310
Sag.TuscoiaAH. J u n e .........
11,738
11,517
34,855
8.943
38,498
7,633
Sag. Val. A St. L. M ay...........
652,563
828,976
28,680
24,140
S t L. A. A T. H. 2d wk Ju ly
13,315
1,815
2.149
13,781
8t.L.Ken’etA8o. J u n e .........
73,400 2,118,039 2,640,833
8t.L.Southw’rn, 3d wk Ju ly
62,100
624,751
827,450
SLPaulA D ul’tb J u n e ......... 125,636 156,593
127,038
147,449
San A n tes A .P . January... 127,038 147,449
364,909
384,482
26,061
S.Fran. A N.Pac. 4th wk J’ne
25,991
207,923
262,435
41,617
32,900
Sav. Am. A Mon. J u n e .........
8av.Fia. A West. M a y ....... 199,492 227,696 1,361,313 1,360,709
137,286
137,190
5,230
4,378
Sher.Shrev. A So 2d wk July
9,852
24,603
9,079
6,500
Silverton............ J u n e .........
62,220
23,390
72,810
17,506
Sioux City A No. March.......
107,892
80,967
17,150
April.........
23,286
South B ou n d ...
So. Pacific Co.—
1,289,194
1,499.203
371.741
GaLHar.AS.A April.......... 352,238
391,368
477 ,0 1 0
84,880
67,455
Louis’a W est.. May...........
Morgan’sLAT. M ay........... 463,556 430,160 2,234,551 2,196,850
9 2 ,0 1 6
89,836
20,57 L
17,846
N.Y.T. A Mex. M ay...........
636,390
521,703
Tex. A N , O rl.. April.......... 117,626 149,262
A tlantic sys.6. May........... 1,021,426 1,045,433 5,039,828 5,460,098
Pacific system M ay........... ‘ ,603,470 3,112,519 12,266,778 13,687,698
Total of all . M ay....... 3,624,896 4,157,951 17,306,606 19,147,795
So. Pac of Cal M ay........... 738,672 908,570 3,849,774 4,213,981
891,224
851,472
So P ac.of kriz M a y ....... 163,410 164,727
426,999
384,674
77,472
75.061
So Pac of J. M M ay...........

THE CHRONICLE.

150
R oads.

L atest E arnings Reported.
Week or Mo

1894.

1893.

$
68,000
657
9.476
89,282
2,330
82,938
71,773
154,711
103,553
2,544
17,722
47,214
12,433
42,086
31,698

Jan. 1 to Latest Date.

2d week o f July.

1893.

1894.
9
587,639
4,943
44,523
334,790
7,895
462,28b
409.610
871,896
3,208.796
20,475
547,226
765.401
427,489
732,292
136,503

679,049
5,092
37.308
339,404
. 9.036
652,300
553,240
1,205,540
3,539,343
26,150
573,761
1,087,282
496,430
983,307
140,359

81,195
¡South Car. & Ga J u n e .........
639
S ou th * N or. Car. A pril.........
7,722
Spar. CJn. & Col. A p ril.........
91,134
Staten Isl. R. T. May...........
2,762
StonyCl. &CMt.. M ay..........
110,561
Summit Branch. J u n e .........
96,408
Lykens Valley June . . . a-.
206,969
Tot’lb o th Co’s June . . . . . .
102,999
Texas & Pacific. 3d w k July
Tex.S.Val*N.W J u n e .........
4,071
Tol.A.A.&No.M. 3d wk Ju ly
18,336
46,775
Tol. & Ohio Cent. 3d wk July
16,669
Tol. P. & W est.. 2d w k July
33,742
T ol.St.L.& K .C . 3d wk Ju ly
^Ulster & D el__ M ay..........
36,851
Union Pacific—
Un. Pac. R R .. M ay........... 1,188,715 1,510,993 5,377,513 8,975,703
Or.S.L. & U. N M ay........... 423,456 648,202 1,964,293 2,589,370
Or.Ry. & N.Co M ay........... 246,070 343,567 1,130,414 1,517,549
236,614 356,672 1,107,258 1,668,373
U .P a c.D .& G . M ay....... ..
640,692
439.610
89,671 143,290
F t W’th&D.C. M ay...........
433,991
83,954
356,438
70,681
St.Jos.&Gd.Is. M a y .......
76,997
51,103
10,213
12,093
Kan.C.&Om. M ay...........
637,271
4 8 3,13“
12,861
18,*278
Tot.St.J.&G.I. 2d wk July
215,567
184,335
Cent.Br........... M a y .. . . . . .
38,116
39,431
Aeh.Col.&P. >
247,603
166,156
41,053
35,210
Aeh.J.C.&W5 M ay......... .
323,077
150,788
34,804 101,833
Montana U n .. M ay...........
18,269
18,490
Man.Al.&Bur. M ay...........
3,998
5,085
Gr’d total. M ay........... 2,533,221 3,454,118 11,779,988 15,843,516
W abash........... 4th w k J’ne 265,806 393,226 5,337,254 6,534,058
81,981
67,227
15,824
11,823
W aco & Northw.
604,038
533,105
W est Jersey....... M ay........... 121,750 147,257
455,421
372,560
W.V.Cen.& Pitts M ay...........
56,717 105,606
116,950
113,425
32,484
34,976
W est Va.& Pitts. A p ril.........
195,727
205,854
W estern of Ala.. M ay...........
39,447
33,436
556,570
532,274
West. Maryland. J u n e ......... 106,863 105,998
1,863.400
68,600
1,385,018
64,900
W est.N.Y. &Pa. 1st wk Ju ly
836,337
585,279
29,299
19,433
Wheel. & L. Erie 3d wk July
7,954
7,275
1,868
1,742
Wil.Chad.&Con. A pril.........
247,372
214.401
52,120
42,601
Wil. Col. & Aug A pril.........
37.216
36,143.
7,174
Wri ghtsv. & Ten. J u n e .........
4,49o
t Includes Milwaukee & Northern for all periods.
* Figures given do not include Leavenworth Topeka & Southwestern.
a Figures cover only that part of m ileage located in Soutn Carolina
b Includes earnings from ferries, etc., aot given separately, t M ex i­
c a n currency, c Includes only half of ines In whieo Union Pacific has
a half interest. «{Includes Ohio & Mississippi in both years.
e E sti­
m ate based on quarterly returns, f In June, 1894, Mil. Lake Shore &
W estern included, but not for 1893. Previous m onths this road in­
clu d ed in both years.

Kan. City Mem. & B irm ..
Kan. City Pittsb. & Gulf.
Louisville St. L. & Texas.
Memphis & Charleston..
Mobile & B irm ingham ...
Richmond & Danville—
CharrCol. & Aug___. ..
Columbia & Greenv. ..
St. Joseph & Gd. Islan d ..
St. Louis Alt. & T. Haute.
Sherman Shreve. & S o ...
Toledo St. L. & Kan. C...

[VOL.
1894.

1893.

$
9,492
7,523
6,341
5,824
7.709
9,976
17,902
3,778
13,297

$
15.393
3,702
5,946
6,517
9,659
11,221
17,656
4,435
16,851

30,733
12,646
8,149
12,861
24,140
4.373
12,433

32,266
141108
7,818
18,278
28.68>
5,230
16,669

Total (72 r o a d s ) ........ 4,522,204 6,137,405
Net decrease (26*31 p.o.).
.............

increase.

LIX.

Decrease.
$
5,901

$
3,821
895

246

693
1,950
1,245
657
3,554
1,533
1,462

331

69,612

5,417
4,540
852
4,236
1,684,813
1,615,201

We bring forward our statement for the first week of July
once more because a few additional large roads have reported
their results for that week. The loss in the aggregate, it will
be seen, is 32*26 per cent.___________ _____ ______________
1st week o f July.
Prev’ly reported (67 r’ds)
Chicago Great Western..
Chicago Milw. & St. Paul
Current R iv e r ...............
Interooeanie (M ex.)........
Kan. City Clin. & Spring.
Kan. City Ft. S. & Mem..
Louisville & Southern ..
Mexican R ailw ay............
Sherman Shreve. & S o ...

1894.

1893.

$
$
3,788.892 5,443,114
80,982
26,579
312,317
646,410
1,744
802
34,324
40,558
4,147
3,995
63,624
50,501
8,305
8,869
54,158
60,013
3 ,6 12
4,265

Total (76 roads)............ 4, ¿95,726
N et decrease (32*26 p. c )

6,341,485

Increase.
$
65,101

6,234
152
5.855
77,34¿

Decrease.
$
1,719.323
54,403
334,093
942
13,123
564
653
2,123,101
2,045,759

Net Earnings Monthly to Latest Dates.—The table fal­
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
Latest fclross Earnings by Weeks.—The latest weekly warn­ in the C h r o n ic l e of July 21. The next will appear in the
issue of August 25, 1894.
ings in the foregoing are separately summed up as follows:
r— Gross E arn ings.——,,-----y e t E arning*.—
Our preliminary statement of earnings for the third week
1893.
1894.
1894.
1893.
of July covers 36 roads and shows a loss of 11*91 per cent.
$
Roads.
*
8
3d week o f July.
Balt. & Ohio Southwest.
Brooklyn Elevated..........
Buffalo Roch- & Pittsb’g .|
Canadian Pacific..............
Chesapeake * Ohio.........
Chicago Milw. & St. Paul.
C h icago*W est Michigan
Denver & Rio Grande—
Detroit Lans’g & North’n
Evansville & Richmond..
G e o r g i a . ...................................

Grand Trunk of Canada.
Intern’l & Gt. North’n ...
Iow a Central...................
Kanawha & M ichigan.. . .
Bake Erie & W ester n ....
liouisv. Evansv. & St. L
Louisville & N ashville...
Louisville N. A . & Chic.,
M exican Central..............
M exican National............
Mo. K ansas & T e x a s .....
Mo. Pacific & Iron Mt___
New York Out. & West’n.
Norfolk & Western..........
Northern Pacific____—
Peoria Dec. & E v a n sv ...
Pittsburg & W estern.......
Richmond & D a n v ille...
Rio Grande Western.......
■St. Louis Southw estern..
Texas & P a c ific ..............
Tol.Ann Arbor &N.Mich.
Toledo & Ohio C entral...
Tol. St. L. & Kan. C ity...
Wheeling * Lake E r ie ...
Total ,36 r o a d s ) ....,...
N et decrease (11*91 p.o.)

Decrease.

Increase.

1894.

1893.

$
121,947
28,835
67,881
355,000
192,339
448,708
27,575
108,900
18,347
1,62 i
18,656
353,923
48,764
32,294
6,606
66,671
26,640
364,4*5
59,923
138,596
72,284
172,066
360,207
86,138
213,094
136,662
14,691
47,018
158,886
31 425
6 ¿,100
103.553
17,722
47,214
42,086
19,433

$
$
!
96
121,851
29,809
71.650
______
428,000
203.327
___
580.822
32,114
4,500
104,400
21,267
1,922
19,547
__
401,546
57,088
3.122
29,172
5,105
1,501
3,424
6 (,247
30,631
379,155
66,606 -!• ft
6,980
131,616
63,567
8,717
192,513
401,883
93,145
18,007
195,087
361.810
19,762
60,109
5,573
153,313
46.900
73,400
554
102,999
18,336
439
46,775
3,341
38,742
29,299

4,122,291

4,679,565
........

$
9 74
3,769
73,000
10,988
132,114
4,539
2,920
300
891
47,623
8,324
........
4,041
14,670
6,683
........
20,447
41,676
7 ,0 0 /
178,148
5,071
13,091
15,475
11,300
614
9,866
613,531
557,274

56,257
........

of July our final statement covers 72
per cent loss in the aggregate .
2d week o f Ju ly.

1894,

1893.

$
$
Previously rep’d (39 r’ds) 3,118,107 3,846,159
308,664
606,881
Ateh. T io . & Santa Fo....
111,748
93,7i 6
St. Louis & San Fran..
56,398
42,207
Atlantic & Pacific.........
16,522
2 7,867
Colorado M idland.......
87,183
19,000
Chicago & East, lliin ois.
584,604
322,707
Chicago Milw. & St. Paul
261,726
166,693
Clev. (Jin. Chic. & St. L ..
694
1,707
Current R iver..................
49.98C
44,356
Duluth So. Shore & Atl.
76,555 ,
89,071
East. Tenn. Va. & Ga —
8,002
4,225
Evansv. & Indianapolis..
2,833
1,621
F van sville & Richmond,
28.56}
12,326
e v a n sv . & Terre Haute
40,259
53,578
F lin t & Pere Marquette..
34,946
27,096
Iow a Central...........
3,419
4,486
66.63b
36,295




Decrease.

Increase.
$
64,319
ri_____
....

1

9
792,371
298,220
17,972
14,191
11,345
68,183
261,897
95,033
1,013
5,624
13,116
3.777
1,212
16,242
13,319
7,850
1,067
30.341

151,558
235,791
Allegheny V alley__ June
Jan. 1 to June 3 0 ....
948,852 1,319,4 i9
Cent, of N. Jersey, a. June 1,219,425 1.320,297
Jan. 1 to June 3 0 .... 5,755,286 7,136,867
Chesapeake & Ohio.a—
July 1 to June 3 0 .... 9,004,108 10,349,765
27,270
35,957
Ind. Deo. & W est.. June
Jan. 1 to June 3 0 . . . .
165,150
219,892
Ju ly 1 to June 3 0 ....
337,870
504,931
Nevada Central........Apr.
2,226
4,283
Jan. 1 to.Apr. 3 0 __
9,254
15,879
Ju ly 1 to Apr. 3 0 ....
24*700
39,753
N.Y.L.E. & West’n.c. June 2,180,421 2,668,683
Jan. 1 to June 3 0 __ 11,379,056 14,488,357
Oct. 1 to June 3 0 ....1 8 ,6 8 4 ,8 1 3 22,369,229
Northern Central b . June
493,411
653,105
Jan. 1 to June 3 0 ___ 2,697,147 3,494,551
Penn, (east P. & E .).J u n e 4,162,281 5,782,4.62
Jan. 1 to June 3 0 ....2 6 ,2 4 8 ,1 7 7 33,885,417
L in esw est P. & E .. June
D ec.1,164,402
Jan. 1 to June 3 0
D ec.4,636,366
P eoria& E ast’n ...a ..M a y
116,663
142,108
Jan. 1 to May 3 1 ....
596,343
665,443
July 1 to May 3 1 ___ 1,492,821 1,592,376
PhUa. & R ea d in g ....J u n e 1,997,307 2,024,749
Jan. 1 to June 3 0 .... 9,309,553 11,074,936
Dec. 1 to June 3 0 .... 11,062,064 13,043,303
Coal & Iron Co__ June 2,348,984 2,098,301
Jan. 1 to June SO....1 0 ,2 2 5 ,8 3 3 11,363,006
Dec. 1 to June 3 0 ___ 12,505,148 13,068,352
Total both Co’s __ June 4,346,291 4,123,050
Jan. 1 to June 3 0 ___19,535,391 22,437,942
Deo. 1 to June 3 0 ___23,567,212 26,111,655
188,830
92,101
Pitts. Youngs. & A .. .June
725,785
Jan. 1 to June 3 0 ....
447,338
77,222
77,923
8an F r.& N .P ac.a__ June
384,482
364,909
Jan. 1 to June 3 0 ___
876,278
808,337
Ju ly 1 to June 3 0 ....
105,998
106,863
Western M aryland..June
556,570
532,274
Jan. 1 to June 3 0 ....
842,980
792,312
Oct. 1 to Ju n e 3 0 ....

85,479
42,239
446,231
318,938
572,332
523 454
1,837,632 2 ,7 il,4 6 6

3,016,930 3,202,934
11,568
2,145
49,921
17,682
147,216
70,910
1,143
517
3,880
484
9,468
2.755
"963,947
720.389
2.878,043 *4,677,912
¡5,244,270 *7,411,826
227,588
137,975
738,082 1,043,256
824,834 1,429,907
6,870,718 8,835,465
Deo. 653,351
D ec-1.734,844
3,076
def.14,590
59,529
38,169
267,742
173,575
851,862
976,848
3,870,167 3,950,939
4,826,783
4,650,394
15,138
211,742
63,308
df.155,996
52,053
df.38,546
837,050
1,188,590
3,714,169. 4 ,0 1 4 ,24Î
4,611,848 4,878,836
88,567
20,242
295,763
135,006
31,113
32,841
98,697
102,469
297,045
265,396
32,418
35,217
154,086
159.602
246,362
227,399

a N et earnings here given are after deducting taxes.
b N et earnings here given are before deducting ta x es.
c Net earnings here given are after deducting ta x es on property,
* After deducting proportion due roads operated on a percentage
basis, net in June. 1894, was $543,429, against $758,133 in 4893; for
six months from Januarv 1 to June 30, $1,889,372 in 1894, against
$3,425,204 in 1893, and for nine m onths from Ootober 1 to June 3 0 ,
$3,582,579, against $5,435,926.

Interest Charges and S u r p l u s .— The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
Roads.
Peoria & E astern ...... May
Ju ly 1 to May 3 1 ___
8 an Fran. & No. Pac ..J u n e
Ju ly 1 to June 3 0 ....

-Inter't, rentals, <&c.- -Bal. o f Net Earns.1894.
1893.
1894.
1893.
$
36,802 def.51,392 def.32,726
36,802
404,319 df.231,244 d f,137,077
404,819
17,450
15,499
13,663
17,342
210,271
56,933
86,741
208,463

J uly 38, 1894,J

THE CHRONICLE

¿i
Month of
NORTHERN PACIFIC—
May.
G ross earnings.................................................... $1,037,463
813,875
■Operating ex p en ses..........................................

Aug. 16, ’91,
to M ay 3 1 ,’94,
$11,948,589
7,596,183

N et earnings.................................................. $223,588
M iscellaneous incom e................. «....................
13,088

$4,352,406
403,013

_
$236,676
Charges preceding 2d m ortgage.....................
456,569

$4,755,419
4,466,281

def.$219,893
O ther charges.......................................................
473,737

$289,138
4,553,750

def.$693,630 def.$4,264,612
N ote . —Above figures do not include results on lines in hands of
branch receivers.

151

GENERAL BALANCE SHEET JU N E 30. 1894.

Assets.—
Cost of road and e q u i p m e n t .....................
Material on h an d......................
Other property and assets
Current accou n ts...'...........
Cash on h a n d ............ .

1894.
,$2,651,925
12,034
16,105
39,929
93,379

T otal....... ................ .
L iabilities.—
Capital stock............ ........ .
Funded d eb t................ ... . .
Current accou n ts................
Other liab ilities.................
Renewal account, balance.
Profit and l o s s ._ ......... .

,$2,813,373

T otal.................................

.$2,813,373

. $ 2, 000,000

.

660,000
27,684
23,911
1,983
99,794

ANNUAL REPORTS.

GENERAL INVESTMENT NEWS.

Chesapeake & Ohio Railway.
(For the year ending June 30,1894.,)
In advance of the complete report the following statement
is made from early figures issued. The results show that in
1898-94 the company, after charging off all miscellaneous
items, earned the interest on all its bonds and a small sur­
plus, viz.: $14,057. This road is one of the large soft coal
•carriers and has had to meet three strikes of miners since
January 1st, including the great strike from the middle of
April till the latter part of June. A considerable amount of
work in the way of betterments has been done during the
year and included in operating expenses and the high physical
condition of the property is reported as fully maintained.

Atchison Topeka & Santa Fe.—In regard to the unpleasant
report that Hr. Stephen Little, the expert accouniant, has
found a deficiency of $7,000,000 in the Atchison’s income, as
given out during the four years prior to Jan. 1, 1894, no defi­
nite official statement has yet been made. Mr. Little’s figures
are looked for in a few days.
8
The Secretary of the reorganization committee gave out
the following information :
“ During the period from July, 1889, the date of the last
reorganization, to December, 1893, the date of the appoint­
ment of the receivers, the income of the company has, in his
(Mr. Little’s) opinion, been overstated in an aggregate amount­
ing to about $7,000,000. He finds that the accounts of the
receivers have in all respects been accurately stated. He ex­
pects to make a detailed report to the committee on Tuesday
afternoon as to his examination of the Western books, and
meanwhile is examining the Eastern books.”
With regard to the first rumors that Mr. Little had discov­
ered large sums of rebates to shippers on the Western books
which had not been properly charged, the following state­
ment was m ade:
“ When Mr. Little went West he had full instructions to
make a most thoiough examination, with a view to develop­
ing all facts, favorable or unfavorable, relating to the prop­
erty. The officers of the company instructed the Western
bookkeepers and auditors to furnish every facility to Mr. Lit­
tle for his examination, and on his return to New York he re­
ported to the committee that he had had full access to every
account. Mr. Little told the committee that he had discoyered
at the West certain accounts which he as an auditor or con­
troller would not have considered proper. But the Western
officers said that all the accounts were forwarded to New
York and these items would be found to be properly charged
on the books of final entry. To determine the facts Mr. Lit­
tle at once set to work on the books here, and whenever he
reaches a definite conclusion, no matter what it may be, it is
the intention of the reorganization committee to place’ the
facts promptly before the public.
“ These accounts do not affect the floating debt or any cash
item. On the contrary, Mr. Little found the floating debt to
be $200,000 less than the estimates which had beqn furnished
to the committee upon which it based its plan of reorganiza­
tion, especially-with reference to the assessment on the stock.
Nor do the doubtful accounts affect those kept since the ap­
pointment of the receivers, which were found to be entirely
satisfactory. They go back two or three jears, and if they
are not found to be explained by the capital and other ac­
count books at the East, they may reduce the volume of earn­
ings as they have been given in the company’s annual reports.
This is the practical question, and if the earnings are found to
have been less than reported, owing to rebates or other
charges not having been properly deducted, the basis on
which the reorganization was projected having been changed,
perhaps the terms of tbe plan will have to be altered.”
The Boston Transcript says: “ The late developments in
Atchison affairs make it necessary for the reorganization
committee to proceed carefully and with full deliberation.
The Boston News Bureau understands, therefore, that the
committee will first determine exactly what Mr. Little’s
charges mean, and that when any plan is put out mow it will
be complete and cover the treatment not alone of the main
system, but also of the Atlantic & Pacific, the Colorado Mid
land and possibly the St. Louis & San Francisco. A member
of the reorganization committee said yesterday, after the
meeting in New York, ‘ We thought it best to give out Mr.
Little’s findings exactly as we received them, without waiting
for his written report; if we did not it would leak out. He is
very positive of this $7,500,000 over-statement of earnings
since the reorganization, but I understand Mr. Reinhart
denies it, and it may be necessary to refer the matter to a
third party. The Atchison management will not be con­
demned unheard, and Mr. Little has made no written report
for anybody to answer yet. Every facility and every
book account has been given by the management to
Mr. Little, The committee must be impartial, although Lon­
don charges us with being the committee of the Atchison
management. The rebates are really a past and minor m at­
ter, as they were all paid long ago and before the receivership.
It is, I believe, charged that they were not properly entered in
the earnings, but they are not in the floating debt, and do not
appreciably affect the report of the last fiscal year, on which
we are figuring. Mr. Little makes up his $7,500,090 of over­
statements from a variety of matters, covering a period em-

EARNINGS, EXPENSES AND CHARGES.

1890-91. 1891-92.
1892-93.
1 893-94
1,027
1.078
1,278.
1,269.
$
$
$
$
■Gross earnings................. .8,127,111 9,004,600 10,336.810 9,044,108
•Operating exp en ses....... .6,083,518 6,731,732 7,132,761 6,027,127
Miles operated.................. .

N et earnings . . ................ ..2,043,593 2,272,868
•Other in co m e...................
18,520

3,204.049
23,680

3,016,981
3,820

T o ta l............................ ..2,062,113 2,272,868 3,227,729 3,020,801
Deduct—
In terest on bonds............. .1,745,129 1,798,095 2,738,304 2,948,111
R entals................ ..............
10,916
2,621
Ross on elevator.............. ..
16,419
8,165
14,412
9,788
D iscount, exchange, &c. ..
69,145
64,372
48,001
46,219
Total............................. .1,842,302 1,881,548 2,800,717 3,006,732
•Surplus................................
391,320
427,013
14,068
Tbe balance to credit of profit and loss June 3 0 ,1 8 9 4 , w as $ 6 3 4 ,1 9 4

Boston & Albany Railroad.
(For the year ending June 30, 1894. J
This is the first of the large railroads to report for the year
ending June 30. The pamphlet report is not yet at hand, but
from the statements in the Boston papers the earnings,
<fec., for 1893-94 are obtained, and the statistics for four years
compiled for the C h r o n ic l e as fellows :
OPERATIONS AND FISCAL RESULTS.

1890-91.
$
3,883,452
4,373,988
958,782

1891-92.
$
4.018,100
4,725,913
1,119,303

1892-93.
$
4,234,029
4,888,350
1,047,496

1893-94.
$
3,902,724
4,016,900
1,240,653

Total earnings..
Operating expenstsMaint. of way, &c .
Maint. of equip.......
Transp. ex p en se s...
G en era l.....................

9,216,222

9,863,316

10,169,875

9,190,276

1,565,151
1,189,433
3,876,126
177,041

1,610,859
1,453,656
4,154,324
184,344

1,898,463
1,2 75,495
4,392,173
183,958

1,551,875
647,809
4,346,284
174,3 ¿0

Total (incl taxes)
N et earnings....... .

6,807,751
2,408,471

7,403,183
2,460,133

7,750,089
2,419,786

6,720,288
2,469,988

Darnings—
P assengers................
F reigh t.......................
Mail, express, e tc ...

INCOME ACCOUNT.

N et earnings......... .
Disbursements—
Rentals paid.............
In terest on debt__
Dividends (8 p. c.)..

1890-91.
$
2,408,471

1891-92.
$
2,460,133

1892-93.
$
2,419,786

1893-94.
$
2,463,988

78,000
662,900
1,600,000

78,000
517,067
1,800,000

78,000
3 12,bOO
2,000,000

78,000
381,410
2,000,000

Total disburses.
Balance, su r p lu s....

2,340,900
67,571

2,395,067
*65,066

2,390,900
28,886

2,459,410
10,578

* Deducting Government claim allowed, $43,006, leaves surplus
$22,061.

Norfolk & Southern Railroad.
(For the year ending June 30, 1804.)
The results for the year ended June 30 were as below:
EARNINGS, EXPENSES AND CHARGES.

Gross e a r n in g s................
JExpenses..............................
Net earnings......... . .........
Add other incom e............ .........
Total...............................
Deduct—
Interest on bonds..............
"Taxes...........
Gther charges.....................
D iv id en d s.....................
T o ta l..............................
Balance, s u r p l u s ..........




1891-92.
$

1892-93.
$
437,160
299,056

1893-94.
$
435,383
289,234

74,229
10,654

138,104
3,010

146,149
2,811

141,114

148,960

31,250
33,000
8,259
8,592
1,605
9,182
(4 p. e.) 80,000 (4 p. c.) 80,000
121,114
20,000

130,774
18,186

152

THE CHRONICLE.

bracing $177,000,000 of gross earnings. He disputes the im ­
provement account, as it appears to have been estimated and
taken in round sum out of the expenses, and in even dollars
instead of a footing of items of dollars and cents. Mr. Little
also deducts some advances to companies as worthless, and
maintains they should have been charged off long ago, instead
of being carried in the accounts as assets. He also claims that
certain charges for carrying certain freights were practically
worthless and should not have been entered as earnings; but
of course this will all now be thoroughly investigated.”
President Reinhart has issued the following statement as
to reports of operations hereafter:
“ Commencing with the new fiscal year beginning July 1,
1894, the reports of the approximated and actual results from
operations of the Atchison Topeka & Sante Fe Railroad Sys­
tem will be grouped to show the figures of the system and
lines in accordance with their mortgage obligations and liens.
The Atchison system proper, of 6,633*52 miles, operated on this
date, includes the same lines as formerly, excepting one-half
of the Atlantic & Pacific Railroad, Western and Central di­
visions, and the Colorado Midland Railroad. The St. Louis
& San Francisco Railway system of 1,390*50 miles includes the
St. Louis & San Francisco Railway and one-half of the
Wichita & Western Railway. The Atlantic & Pacific Rail­
road, both divisions, is shown separately instead of being in­
cluded one-half in each of the Frisco and Atchison systems,
as heretofore, and the Colorado Midland Railroad’s operations
are likewise exhibited separately. The operations of the Gen­
eral Railroad system, 9,321*28 miles operated, are aggregated
as heretofore. Figures are shown for the same periods in the
preceding year in the new grouping, so that comparisons are
had.”
Baltimore & Eastern Shore.—A decree for the sale of the
Baltimore & Eastern Shore Railroad under the mortgage fore­
closure proceedings instituted by the Scranton Steel Company
and the Atlantic Trust Company of New York has been filed
in the United States Circuit Court in Maryland. The Atlantic
Trust Company is trustee under a mortgage to secure the first
issue of bonds of the railroad company made in 1890 and
under a supplementary mortgage made in 1892. The railroad
company failed to pay interest on the bonds from January 1,
1891. It is decreed that the amount due on principal and in­
terest is $1,798,827, and unless this amount is paid within ten
days the railroad and other properties of the company will
be sold at Salisbury, Md.
Chicago Milwaukee & St. Paul.—Some pertinent remarks
upon the subject of economy in railroad expenses are attrib­
uted to Vice-President Ripley, of St. Paul. He says: “ I
would not have believed it possible and can scarcely credit
now that we earned $600,000 during the two weeks’ strike.
We have perhaps been too accustomed to judge matters
everywhere by what they are in Chicago. The fact is that
our local business was fairly good all through the strike.
This brought us through with a comparative loss of less than
50 per cent for the two weeks. We are now doing a much
better business than we anticipated and the chances are good
for improvement. Economies deemed impossible a year ago
are now being practiced. It is within bounds to say that op­
erating expenses are 20 per cent less than they were even two
months ago. A sample of this is afforded by the new train
schedule on Atchison. By lessening the number of trains and
reducing the equipment, a saving is made of $1,900 a day,
while the service will still be good. Another illustration is
afforded by the saving in mileage in Rock Island, which
amounts to 3,500 train miles a day over 1892. Compared
with last year the decrease is much greater.”
Chicago St. Paul Minneapolis & Omaha.—The usual divi­
dend on the preferred stock heretofore paid July 20th will be
paid August 20th. This change is in accordance with the
announcement made in the last annual report, which said :
“ The transfer books have heretofore been closed on the 30th
of June and 31st of December, preparatory to semi-annual
dividends upon the preferred stock, payable on the 20th of
July and January respectively.
“ This practice of closing the transfer books upon the last
day of each half-year and before the accounts for 6uch halfyear can be written up has been handed down from an early
period, when the business and accounting of the company
were much less extended than they now are, and has been at­
tended with some inconvenience, inasmuch as it required that
the results of the last month of each half-year be estimated.
In order to remedy this difficulty, it is proposed to change the
dividend periods so that the transfer books shall be closed on
the last of July and January, instead of June and December,
and that the dividends be hereafter paid a month later than
formerly, or approximately upon the 20th of August and 20th
of February.”
Columbus Hocking Valley & Toledo.—The Auditor reports
that the loss in net earnings during the first half of this year
will not exceed $230,000, and makes an approximate state­
ment for the year ending June 30, 1894, as follows:
N et earnings July to D ecem ber, 1893............................... .........
E stim ated n et earnings 1st six m onths, 1 8 9 4 ....... .............. .

$769,503
462,123

Total for year ending June 3 0 ................................................ $1,231,626
F ixed charges 1 8 9 3 ...................................... ................................ . 1,108,637
$122,989
Dividend on preferred s t o c k . . , , . . . . ................... .................... ..

100,000

Balance of surplus.....................................................................

$22,989




[Yol. LIX.

“ During thi8 period there were practically seventy-four
idle days, incident to the strike among the coal miners. Our
daily earnings are now running over $2,000 in excess of the
same period last year.”
Denver Leadviile & Gunnison.—Under the reoent decision
of judges Sanborn and Dundy, at St. Paul, the owners of the
Denver L°adville & Gunnison road which was formerly
operated by the Union Pacific will resume control of the
property and will begin to operate it under a new manage­
ment on August 7. The Central Trust Company has been
substituted as trustee of the mortgage in place of the New
England Trust Company. The committee representing the
bondholders express the belief that the road can be made
profitable by economical management. A report for the
information of bondholders is being prepared and will be
made public, it is-said, early in August.
Great Northern.—A telegram from Portland, Oregon, says
that the new traffic arrangements between the Great Northern
and the Oregon Railway & Navigation Company will go into
effect at once. This will give the Great Northern a through
line from Minneapolis and St. Paul to Portland, by way of
Spokane. The new arrangement is not a lease but a division
of gross receipts on a percentage basis.
Kansas City Northwestern—Kansas City Wyandotte &
Northwestern.—The Kansas City Northwestern Railroad
Company, successor to the Kansas City Wyandotte & North­
western RR. Co., has filed in Kansas City, Kan., a mortgage
for $3,500,000 in favor the Mercantile Trust Company of New
York as trustee. The mortgage was executed to cover bonds
issued by the new company in accordance with the plan of
reorganization. The bonds bear 5 per cent interest and ma­
ture in 1933, being payable in gold. Of the issue $900,000 of
the bonds are preferred, constituting series “ A.” and the pro­
ceeds of these will be used in paying the purchase price of the
road at the sale in January last and other expenses under the
receivership. The proceeds of the remainder of the issue are
to be used in betterments. The road belongs to the Missouri
Pacific.
Kansas Pacific.—The Kansas Pacific Bondholders’ Commit­
tee, Silas B. Dutcher, Chairman, have begun suit in the U. S.
Circuit Court in the name of John Quincy Adams against
Russell Sage and the estate of Jay Gould to recover $11,000,000. Under the deed of trust executed to Russell Sage and
Jay Gould about $3,000,000 of the capital stock of the Denver
Pacific Railway Company was deposited with trustees as col­
lateral security for the payment of the Kansas Pacific consoli­
dated bonds.' These securities have been taken out of
the trust, and it is claimed their proceeds were applied by the
trustees to their individual benefit. The bill pravs that the
executors of Jay Gould and Russell Sage be decreed to account
accordingly, and that Russell Sage and George J. Gould be
removed from the trusteeship.
Minneapolis & St. Lonis.—The plan of reorganization, it i&
reported, was favorably received at a meeting of stockholders
held this week. Both classes of the old stock will be assessed
$25 a share, for which they will receive a like am ount of new
first preferred stock at par bearing 5 per cent cu mulative in­
terest. A syndicate will take of the $2,500,000 fir st preferred
any unsubscribed balance, and the non-assenti ng old stock
will be wiped out under the foreclosure proceedings.
Otherwise the present outstanding stock will not be dis­
turbed, except in that the old preferred will be entitled to but
5 per cent, after which the common stock will be entitled to
5 per cent, and any surplus which may remain after the pay­
ment of the fixed charges, 5 per cent cumulative on the first
preferred and 5 per cent each on the second or old preferred
and 5 per cent bn the common, will be divided equally be­
tween the last two classes of stock named.
The cash realized for the new first preferred will be applied
in connection with the new $10,000,000 consolidated bonds to
pay off the $3,887,000 improvement and equipment bonds, the
old consols, the seconds and the back interest on all bonds.
Of the new bonds $4,718,000 will be retained in the treasury
to take up underlying bonds as they mature. The plan has
not yet been officially made public.
Montgomery & Eufaula.—In the Federal Court at Mont­
gomery, Ala., Judge Bruce has given judgment to the Farm­
ers’ Loan & Trust Company of New York against this road
for $1,640,000, being the principal of its bonds and interest
since July, 1893..
New York Stock Exchange—New Securities Listed.—
The following have been listed this week :
Cleveland Cincinnati Chicago & St . L o n is R ailway Company ,
St . L ouis D ivision .—F irst collateral trust mortgage 4 per cent gold
bonds, $2 083.000, making total am ount listed *7.250,000. P roceeds
of these bonds have been used to retire the remainder of the m ortgage
obligation Of the St. Louis Alton & Terre H aute road.
N orfolk & Southern R ailroad Company.—Additional issue o f
first m ortgage 5 per cent gold bonds, $40,000. m aking total am ount
listed $700,000. These bonds have been issued for term inal im prove­
m ents at Norfolk, Va.
Northern P acific .—Tru st Co.’s receipts for general third m ortgage
bonds.

E ast T ennessee Virginia & Georgia R ailroad Company .—En­
graved certificates of deposit of th e riichm >nd Terminal Reorganiza­
tion Committee for East Tennessee Virginia & Georgia Railroad equip­
m ent and im provem ent 5 per cent gold bonds.
P ittsburg F ort Wayne <feChicago R ailro >d Comp any.—A dditional
issue of guaranteed special stock, $1,916,253, making total am ount
listed $18,877,403. This stock, which is issued for im provem ents and
additions to the property, w ill he placed upon th e list on August 10.

J cly 28, 1894.]

THE CHRONICLE.

Northern Pacific.—The committee of which Mr. Adams is
Chairman has informed the Stock Exchange Committee that
out of the $11,461,000 of 3d mortgage bonds listed at the Board,
$5,788,000 “ have either been deposited, as provided in the
agreement, or their owners have filed with the Committee an
agreement so to deposit them as soon as the Trust Company’s
receipts have been admitted to the list. The Committee or­
dered that the Mercantile Trust Company’s certificates for
these bonds be placed on the Stock Exchange list.
— A committee has been formed to represent the Northern
Pacific third mortgage bondholders exclusively. It consists
of Messrs. C. B. Van Nostrand, of S. D. Davis & Co., and Mr.
Ruckgaber, of Schultz, Ruckgaber & Co., New York; and
Evan R. Dick, of Dick Bros. & Co., and Charlemagne Tower,
Jr., Philadelphia. Tnis committee states that it is satisfied
that under normal conditions the Northern Pacific can earn
much more than the interest upon its first, second and third
mortgage bonds, and it is the purpose of the committee to
insist as a condition of any reorganization that the integrity
of the third mortgage shall be preserved or the bonds paid off
in cash at par and interest. A bondholders’ agreement is
being prepared and a deposit of bonds with the New York
Ctuaranty & Indemnity Company will be called for. In the
meantime the bondholders are requested not to deposit their
bonds with any other committee.
Oregon Pacific.—The sale of the Oregon Pacific Railway
has been postponed till September by the Oregon Circuit Court
owing to the demoralized condition of the railroads in the
country.
Oregon Railway & Navigation.—Receiver McNeill of this
company has petitioned the United States Circuit Court at
Portland, Oregon, for leave to issue $750,000 of 6 per cent re­
ceivers’ certificates, payable semi-annually, $500,000 to take
priority of the first mortgage bonds, and the proceeds to be
used in repairing the road and satisfying unpaid claims for
labor and material and $250,000 to be subject to the lien of the
first mortgage bonds, but prior to the consolidated mortgage
bonds. The first class of certificates are not to be sold at less
than par and the second at not less than 95 per cent of par
value.
Pacific Railroads.—On July 21 Mr. Reilly, of the com­
mittee on Pacific railroads, submitted a report on the bill to
adjust the indebtedness of the Central and Union Pacific
Railways to the Government. The report was voluminous
and said that all the former bills designed to meet the present
situation contemplated the extension or funding of the entire
indebtedness of these companies, and applied the amount in
the sinking fund to the credit of the companies on their in­
debtedness to the Government. The first mortgage bonds of
both companies bear interest at 6 per cent, as do the Govern­
ment bonds. The indebtedness of the Union Pacific Com­
pany upon the maturing of the bonds will be something more
than $100,000,000, exclusive of $15,000,000 in the sinking fund.
The Central Pacific’s indebtedness will be nearly equal to this
amount, exclusive of $12,000,000 in their sinking fund.
The report shows that the interest on the first mortgage
bonds has been regularly paid by the companies, but the prin­
cipal of the Government bonds, which Ì3 a second mortgage,
has been more than doubled by the accumulation of the
interest in excess of all reimbursements, and no one believes
that this debt can be paid to the Government at maturity.
The annual interest on the first mortgage bonds has been a
heavy drain upon the earnings of the companies, and if the
first mortgage is to be continued with priority of lien it would
be futile to attempt any adjustment of the Government’s in­
debtedness on that basis. The annual fixed charges on this
account in the case of the Union Pacific amount to over
$2,000,000 a year and of the Central Pacific to over $1,600,000.
The committee has accordingly directed their efforts to the
extinguishment of this lien, and by the provisions of the ac­
companying bill the amount in the sinking fund is applied to
that purpose, upon the condition that the company shall pro­
vide for the payment of the remainder of the bonds and the
discharge of the first mortgage. The effect of this would be
to give to the Government a first instead of a second lien upon
the property of the companies. The committee believe that
such disposition of the sinking fund under these terms is of
more advantage to the United States than would be its appli­
cation as a credit on its own debt. This course would be ad ­
vantageous to the companies, and it is within their ability to
comply with the provisions of the bill.
The Government must continue to pay interest on the sub­
sidy bonds until their maturity. The bill provides a method
of ascertaining the amount due to the Government on Jan. 1,
1895, and also that the bonds of the companies of that date
shall be given for the amount, bearing 3 per cent interest,
payable semi-annually, together with a stipulated payment on
account of the principal. These semi-annual payments on
account of principal are graduated. For the first ten years
they are to be one-half of 1 per cent of the whole amount ;
to be gradually increased each succeeding ten years for a
period of fifty years, when the debt will be canceled. It is
said that the terminal properties of the Union Pacific at
Omaha, Kansas City, and other points, are estimated to be
worth $15,000,000, and will add greatly to the security of the
Government.
Section 18 of the bill provides that in case of default in re­
spect of any obligation or condition for which any lien now
exists in faVor of the United States upon any property of any
of thè companies, or in case of any proceeding brought by any




153

person claiming to be the holder of any other lien upon the
property, the Attorney-General may enforce the claim and
foreclose any such lien of the United States, by sale or other­
wise.
Unless some adjustment is effected of this matter, fore­
closure seems inevitable, and this may involve the necessity
of the Government being compelled, in order to protect its
affairs, to pay off the first mortgage, thereby involving an
additional outlay of public money on these roads of more
than $40,000,000 above the sinking fund, which would make
the aggregate of Government investment about $170,000,000.
Peoria Decatur & Eyansrille.—The first mortgage bond­
holders’ committee of the Peoria Decatur & Evansville Rail­
way Company have declared the agreement dated April 3,
1894, effective and binding, and have directed their counsel,
Wheeler H. Peckham, to cause forclosure proceedings to be
commenced under the first mortgages of both the Peoria or
Main Line division and the Evansville division. Bondholders
desiring to join in this movement are requested by the com­
mittee to deposit their bonds with the Atlantic Trust Com­
pany on or before Sept. 1, for which they will receive engraved
certificates.
Philadelphia $ Reading —The statement of earnings for
June and for the seven months of the fiscal year beginning
with December 1, compared with the same periods in the pre­
vious year, is shown below ;
/---------- Ju ne.---------- , ,— Dec. 1 to June 30.— ,
1893.
1894.
1892-3.
1893-4.
$
$
$
$
Gross receipts................. 2,024,749 1,997,307 13,043,303 11,062,064
Operating exp en ses___ .1,172,987 1,020,459 8,2 L6,520
6,411,670

R ailroad Company-

N et e a r n in g s..........
Other net r e c e ip t s .......

851,862
76,310

976,848
59,852

T otal..........................
Deduct—
Equipment p ay m e n ts..
Terminal trackage........

928,172
30.000
50.000
106
718,679

Proport’n year’s ch’ges.

4,826,783
346,105

4,650,394
312,841

1,036,700

5,172,888

4,963,235

129,954
50,000

1,006,563
150,000
7,624
5,030,751

718,153
350,000
111,345
4,980,000

705,000

T o ta l......................... 798,785
884,954
6,194,938 6,159,498
B alan ce............................ sr.129,387 sr. 151,746 d f.l,0 2 2 ,0 5 0 d f.l,1 9 6 ,2 6 3
Coal & I ron Co.......
Gross receipts.............. 2,098,301 2,348,984 13,068,352 12,505,148
Operating exp en ses___ 2,026,570 2,066,967 12,570,590 12,235,784
N et earnings............
Deduct—
Colliery im provements.
Perman’t improvem’ts.
Proport’n year’s ch’rges

71,731

282,017

497,762

269,364

52,779
3,764
108,321

67,164
3,110
122,209

403,211
42,498
758,243

291,148
16,762
813,798

192,483
1,203,952
1,121,708
Total.......................... 6 164,864
852,344
D eficit....... .....................
93,133 sr. 89,534
706,190
P. & JR. AND C. & I. Co.—
93,133 sr. 89,534
706,190
852,344
Deficit of C. & I. Co
Balance o£ Railroad Co. sr. 129,387 sr. 151,746 df. 1,022,050 d£. 1,196,263
Bal. both com panies, sur.36,254 sr.241,280 d f.l,728,240d f.2,048,607

Richmond Nicholasville Irvine & Beattyville.—The
bondholders of this railroad are reported as accepting the
proposition for the reorganization of the road. This is shown
by their calling in large numbers at the Louisville Trust
Company for the purpose of depositing their bonds and sign­
ing the agreement.
Southern.—Messrs. Hambleton & Co. of Baltimore write as
follows of the new Southern Railway Company: “ The only
roads in the late Richmond Terminal system yet remaining
unsold are the Georgia Pacific, to be sold at Atlanta Aug. 18;
the Louisville & Southern, Aug. 16, at Louisville; the West­
ern North Carolina and Northwestern North Carolina, Aug,
21, and the Oxford & Clarksville and the Clarksville & North
Carolina, Aug. 2i. By September 1 it is expected the reor­
ganization will have been completed and that the new securi­
ties will be ready for exchange. All indications point to the
addition of the Central of Georgia system to the Southern
Railway Company, after the former road has been reorgan­
ized, but this will not not delay the carrying out of the plan
regarding the Danville and divisional roads.”
T rust Companies in New York and Brooklyn.—In the
I nvestors’ Supplement for July, sent out with this issue of
the Chronicle, will be found the official statements of the
trust companies of New York and Brooklyn fGr the six
months ending June 30, 1894, in comparison with the six
months ending December 31, 1893.
Tbe following is in addition to those in the Supplement.
TJ. 8. TRANSFER & EXCHANGE ASSOCIATION, N. Y.
Resources.
June 3 0,1894.
Stock investm ents (market v a lu e)................................. ............ $235,905
Amount loaned on co lla tera ls...................... .
24,090 :
Cash, on d ep osit.....................
1,227
Other assets..............................
5,564
T o t a l ........................................................
$316,786
Liabilities.
Capital stock.............................. ........................ . ........................... $200,000
Surplus fu n d ....... ..........................
8,861
B ills payable..........................................................
105,000
Other lia b ilitie s ........................................
2,925
T o ta l......................................................................... $316,786
Supplementary.
Total amount of profits during the y e a r ........................

Expenses of institution, same period..............................

$7,467

7,449 .

154

THE CHRONICLE.

Toledo St. Louis & Kansas City.—Holders of the preferred
coupon stock of this company received, in exchange for
former first mortgage bonds on the same property have ap­
pointed a committee consisting of J. M. Quigley of New York,
Halsey J. Boardman of Boston and Charles Hamlin of
Bangor, Me., with power to increase their number to five.
The committee is empowered to prepare a plan for the re­
organization of the company, with or without foreclosure, to
negotiate w th the different parties in interest in devising and
carrying out such plan and to intervene in the foreclosure
proceedings, in order that they may protect their rights to
redeem the road, and in order that they may defend against
claims other than the first mortgage bonds of the company.
Wheeling & Labe Erie.—The Executive Committee of the
Wheeling & Labe Erie board have voted to recommend the
passing of the dividend on the «referred stock for the current
quarter. The following official statement in connection with
the recommendation to pass the dividend is made : “ Th9 action is caused by the large decrease in business during the
quarter, occasioned by the bituminous coal miners’ strike,
which continued for two months and largely diminished the
business of all the Ohio coal roads, and by the American Rail­
way Union strike of railway employes which followed shortly
after. General Manager Blair predicts that the next five
months’ earnings will be the largest in the history of the road.
The coal producers aloDg the line have unlimited orders for
coal, the supply of which in the Northwest lake region is so
low that the coal which was not hauled during the past three
months will have to be carried during the remainder of the sea­
son. The ore business also promises to be unusually large,
the amount of ore already contracted to be carried by the line
exceeding the whole of last season's tonnage by 50 per cent.
For these reasons some of the directors telt that the dividend
should be paid as usual, but the committee decided that they
could not anticipate further business, and that the question
must be determined upon the quarterly earnings of the last
quarter alone.”
Universal Gas (Chicago).—The Universal Gas Company’s
ordinance has become a municipal law without the signature
of Mayor Hopkins, who refused to approve of the measure on
the ground that the backers of the gas scheme were withheld
from him. By a vote of 53 to 14 the ordinance was passed
over the Mayor’s veto.
A Chicago Gas official says: “We are not at all disturbed
by the granting of the Universal Gas Compmy charter. No
one outside of Chicago will put any money into such an
enterprise and we feel positive that Chicago people will not
attempt to raise $30,000,000 or $40,000,000 for mnety-cent gas.
They know ton well that money would be thrown away on
such an enterprise.”
United Mates Cordage.—The reorganization of the Na­
tional Cordage Company into the United States Cordage
Company has been completed. The directors elected the fol­
lowing Executive Committee : F. K. Sturgis, W. W. Sher­
man, Francis Smith, E. F. C. Young, Rudolph Keppler and
John I. Waterbury. The following officers were elected :
President, F. K. Sturgis; Vice-President, W. H. Corbin ;
Secretary and Treasurer, W. C. Lane. The Finance Com­
mittee is composed of Messrs.George G. Williams, F. K.
Sturgis and G. H. Gossler.
Union Pacifie.—Messrs. J. Pierpont Morgan, John A. Stew­
art, E. King, E. E. Anderson and A. E. Orr, the committee
under the trust indenture of the Union Pacific Railway Com­
pany of Sept. 4, 1891, have addressed the following circular
to the holders of the six per cent collateral tru&t notes issued
under that indenture and maturing Aug. 1, 1894:
“The early maturity of the above Botes and the financial condition
of the Union Pacific Railway Company m ake it proper that the com­
m ittee should communicate to you its view s as to the trust which they
represent on your behalf. 1 he trust deed provided for a possible issue
o f ¡624,000,000 notes. Of this amount only $18,710,000 were issued,
and $7,486,000 were redeemed at various dates from sale of collateral,
leavin g $11,224,000 notes now outstanding. The receivers of the
Union Pacific system have regularly d-posited with the trustees of
th is loan ih e monthly instalm ents of interest; and after full delibera­
tion your eom mittee is of the opinion th at if the receivers con­
tinu e to deposit m onthly a sum sufficient, in connection with the
incom e collected on the collateral pledged, to pay interest on the
notes at 6 per cent per annum, the note-holders m ay advantageously
refrain from pressing for paym ent of the principal, or from forcing a
sale of the coll teral pledged for the notes. Negotiations w ith the
receivers have been in progress for some tim e, and, as « resu lt, they
have agreed with the eom mittee that they w ill continue to provide for
the interest, by m onthly instalm ents as above stated, and that they
w ill, if necessary, make application to the court for authority to carry
out this arrangement. In the opinion of the com mittee the collateral
held for these notes is more than adequate for their ultim ate liquida­
tion. Under these circum stances the com m ittee unanim ously advise
the note holders not to press the collection of the principal at present;
i t being understood, however, that the interest shall be regularly paid
and that neither the Irustees nor the com m ittee w aive any of their
rights or powers on your behalf under the trust indenture, or hind
them selves n ot to sell the collateral whenever deemed by them to be
advisable.”

—In the case of the National W ater Works Co., of Kansas
City, against that city, tbe U. S. Circuit Court of Appeals,
Eighth District, bas adjudged the contract of sale legal and
binding on both parties, and the city liable for $3,000,000 as a
fair and equitable valuation.
— The new securities of the Southern Railway, successor to
Richmond Terminal, are quoted by Mr. F. J. Lisman at 7777% for the uew bonds, 33%-34 for the new preferred stock
and 10% for the common, all when issued.




[V o l.

L1X.

5ETx£ C o m m e r c i a l ^ i m e s .
COMMERCIAL

EPITOME.
F riday Night , Ju ly 2 8 ,1 8 9 4 .

There has been no considerable increase this week in the vol­
ume of trade. The discussion of the tariff bill has been so
intemperate and the delayed action so disregardful of the mer­
cantile community that wide discouragement is felt. Conse­
quently operators have generally adhered to the policy of
dealing only to extent of pressing requirements while await­
ing final decision upon proposed changes in the tariff law.
This condition of general business reflects a quieting influence
upon speculative dealings in staple commodities. Crop indi­
cations have on the average been favorable. Corn still suffers
from drought in Nebraska and Iowa, but has received suffi­
cient moisture over some other extensive areas of cultivation
to obtain important relief. Oats crop reports show some im ­
provement and the weather is favorable for harvesting. There
is a feeling of indecision regarding spring-wheat prospects,
but threshing results for winter grain continue to exceed pre­
vious estimate. There are no indications of serious damage to
cotton.
Lard on the spot has continued to meet with a slow trade,
but prices have advanced in sympathy with futures, closing
at 7 37%c. for prime Western, 6*87%c. for prime City au^
7'65c. for refined for the Continent. The speculation in lard
for future delivery at this market has been dull, but priees
have advanced in sympathy with corn, and in response to
stronger advices from the West—where shorts have been b u y
ing to cover contracts—closing firm.
DAILY CLOSING PRICES OP LARD FUTURES.

Sat.
July....................................... 7-22
September..................... .
7'22

Mon.
7-20
7'20

Tuts.
7'25
7'25

Wed.
727
7'27

lh u rs.
7'30
7'30

Fri.
7-32
7'32

Pork has been in limited demand and steady, closing at
$14fa $14 25 for mess, $13 50@$16 50 for short clear and $15
for family. Cut meats have been quiet but steady at 7%(3|8%c.
for pickled bellies, 12@10 lbs. average, 6@6%c. for pickled
shoulders and 11%@ 12c. for pickled hams. Beef has been
steady at $8(d$8 50 for mess, $8@$10 for packet, $10@$12
for family and $l5/a$17 for extra India mess. Beef hams
have been quiet at $21. Tallow has declined but the close
was steady at 4%c. bid. Lard stearine has been quoted nom­
inally at 7%c. Oleo stearine has been fairlv active, closing
firm at 7%c. Cotton seed oil has been dull but about steady
at 29c. for prime crude and 32%(333c. for prime yellow. But­
ter has been in fair demand for choice and firm at 13@19c.
for creamery. Cheese has been in fair export demand and
steady at 7%@9c. for creamery. Fresh eggs scarce and
higher for choice at 13%^ 14c. for Western.
Coffee has found slow and unsatisfactory demand, and with
increasing effort to realize upon parcels to arrive prices weak­
ened. Rio quoted at 16%c. for No. 7; good Cucuta, 20<§20%c.,
and interior Padang, 23 tg23%e. Contracts were again offered
with some freedom in part on European account, but covering
to secure profits prevented sharp decline in prices. At the
close covering of July contracts serves to hold the general
market steady._Following were final asking prices :
July.......... ...15'55c.TOot................ 13-15e~ I Jan....T:.V..'...12;60e
Aug___ ____14'50c. Nov......... ......12 85c. Feb................12*55c.
Sept............13*75o. I Dec....... ........ 12 70o- I March.............12*55c.
Raw sugars were greatly neglected early m the week, but
subsequently secured greater attention ar d close firm.
Centnlugal quoted at 3%c. for 96-deg. test, and muscovado at
2 U-16c. for 89 deg. ttst. Refined sugars are selling very
well at 1he close and firm; granulated quoted 4%c. Other
staple groceries quiet but steadily held.
Kentucky tobacco has been in better demand and firm; sales
250 hhds., principally to exporters. Seed leaf tobacco bas
been in slow demand but steady; sales for the week were 830
cases, as follows: 150 cases 1892 crop, Wisconsin Havana, 9@
11c.; 150 cases 1892 crop, Pennsylvania Havana, ll%@12%c.;
100 cases 1892 crop, State Havana, 10@llc.; 100 cases 1892
crop, Zimmer’s, 12@l4c.; 50 cases 1891 crop, Zimmer’s, 13@
15c.; 80 cases 1892 crop, Dutch, private terms; 50 cases 1891
crop, Dutch, ll@12%c.; 50 cases 1892 crop, New England Ha­
vana, 20(340c., and 100 cases sundries, 6@l8c.; also 800 bales
Havana, 60c.(ft$l 10, and 400 bales Sumatra, $2 80@$4 60.
The speculative dealings in the market for Straits tin have
continued quiet and prices have made no important changes,
closing firm at 18‘85c. Ingot copper has been quiet but
steady, closing at 9'10c. for Lake. Lead has advanced, and
the close was firm at 3-65c. for domestic. Spelter has de­
clined and the close was dull at 3'42%c. for domestic. Pig
iron has been quiet at $9 75@$13 for domestic.
Refined petroleum has been dull at 5*15c. in bbls., 2'65c. in
bulb and 6 25c. in cases ; crude in bbls. is unchanged, Wash­
ington closing at 6c. in bbls. and 3'50c. in bulk ; naphtha 5%c.
Crude certificates have been steady, closing at 82c. asked.
Spiiits turpentine has been dull but steady at 29(329%c.
Rosins have been without change and quiet at $1,27%@$1 fc2%.
Wool has been in better demand and firm. Hops have been
neglected and weak.

155

THE CHRONICLE.

J uly 28, 1894.]

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, n o t
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs.
T h e Movem ent op
from the South to-night, is given below. For the week ending Lambert & Harrows, Produce Exchange Building.
this evening the total receipts have reached 8,9vl bales,
against 8,812 bales last week and 5,910 bales the previous
Leaving
Ju ly 27 at—
Stock. .
week; making the total receipts since the 1st of Sept.,189a,
Great France. Other Coast­
Total.
Foreign wise.
B ritain.
5,907,419 bales, against 5,050,754 bales for the same period of
1892-3, showing an increase since Sept. 1,1898, of 856,66o bales. New O rlean s... 2,128 1,350
38 165
1,001
4,867
388
C O T T O N .
F r i d a y N i g h t , July 27, 1894.
t h e C r o p , as indicated by our telegrams

86
......
16
6
......
34
......
21

G a lv e s to n ......
Velasco, &o___
N ew O rleans..
M ob ile...............
F lo rid a ..............
S a v a n n a h .........
Brunsw’k,&o.
C harleston.......
P t. Royal, &c.
W ilm in g to n ....
Wash’ton, &c.
Norfolk..............
W est P o in t...
N ’port N., &c.
N ew York.........
B o s to n ............
B altim ore.........
Philadelph’a &c

294

74

15

15

30
.........
576
2
.........
98
.........

74
.........
737
2
.........
54
......
235

Thurs. I Fri. ) Total.

Wed.

Tues.

Mon.

Sat.

Receipts at—

112

112

2,024
19
83
339
355

133
2

516
2

6

1

46
5
83
116

24

20

55

None. None.
None. None.
300
None.
None. None.
None. None.
200 11,550
2,400
None.

291
100
375
None.
1,400
None.
None.

291
100
675
None.
1,400
15,550
4,000

7,066
4,805
13,383
3,916
6,020
125.278
20,264

Other port<___

None.
None.
None.
None.
None.
3,800
1,600

Total 1 8 9 4 ...

7,528

1,550

14,638

3,167

26,883

218,897

19,411
18,047

1,163
1,429

7,360
11,004

1,887
1,203

29,821
31,683

261.004
414,133

Savannah____
Charleston.......

Total 1 8 9 3 ...
Total 1 8 9 2 ...

to expand. The principal line of operations during the cur­
rent week was confined to a liquidation of outstanding
275
70
82
engagements, especially for the near months, and the influ­
163
25
ence proved depressing upon the market, serving to place the
61
.........
plane of values at the lowest of the season. Unsatisfactory
......
.........
34 demand from domestic and foreign consumers and a continu­
19
.........
138 ation of excellent crop advices appear to have discouraged
138
.........
.........
.........
holders of “ long ” contracts. During Saturday business was
2671
6 6 ll
769] 3.921 confined principally to settling up of small deals, but offerings
914l
190 1,120!
Tot’ls th is w eek
• T h e following shows the week’s total receipts, the total since exceeded demand and 2(33 points were lost. Monday found
demand very indifferent and the pressure to realize quite pro­
Stock.
1892-93.
nounced, under which there was a net loss of 9 points, and on
1893-94.
Receipts to
Tuesday there was a further decline of 6@7 points, the previ­
This Since Sep. This Since Sep. 1894.
1893.
J u ly 27.
Week. 1 ,1 8 9 2 .
Week. 1 ,1 8 9 3 .
ous depressing influences undergoing no abatement. Wed­
20,598 nesday opened tamely but with smaller offerings and some
7,357
164 1,039,229
G a lv esto n ...
294 1,003,799
56,556
63
43,951
Velasco, &c.
112
anxiety among small shorts to secure profit, 7@8 points net
61,384
43,032
4,141 1,583,176
N ew Orleans
2,024 1,863,530
advance took place. Yesterday prices fell back again 7@8
4,648
3,916
221 168,160
19 197,987
M obile...........
points in consequence of failure of demand and renewed
28,159
36,474
F lo rid a .........
83
13,352 efforts to realize. To-day the feeling is a shade steadier in
4,905
1,274 780,972
Savan n ah . . .
339 962,922
708
140,265
98,041
consequence of small issue of August notices, but no new de­
14,519 mand developing. Cotton on the spot fairly active, closing
14,058
45 287,098
C h arleston ..
355 338,744
427
80,788
P.Royal,&o
4,133 at 7c. for middling uplands.
2,261
26 159,807
W ilmington..
24 189,576
The total sales for forward delivery for the week are 606,400
499
10,463 bales For immediate delivery the total sales foot up this week
7,420
920 285,544
N o rfo lk ........
275 490,017
9 888* bales, including 3,160 for export, 6,326 for consumption,
122
66 194,535
W est Point
163 239,314
— for speculation and 400 on contract. The following are
22,422
61,600
184
N ’p’tN .,& c
61
48,432 140 828 140,239 the official quotations for each day of the past week
70,529
601
N ew Y o rk ...
. ,.. , . __
,,,
,,
3,400 July 21 to July 27.
4,600
243 119,770
B o s to n .........
34 100,335
Rates on and off middling, as established Nov.
bv the
9,063
10,288
67,076
61,491
378
B a ltim o re...
138
Revision
Committee,
at
which
grades
other
than
middling
6,285
9,026
68,371
67,822
1,879
Philadel.,& c.
.........
may be delivered on contract:
T o ta ls.......

2
.........
10
......
......
......
15
......
.........

2
......
16

3,921 5,907,419

5

24

12

.........
70
138

10,205 5,050,754

245,780

290,825

In order that comparison may be made with other years, we
Receipts at—

1894.

1892.

1893.

1891.

1890.

1889.

G alves’n.&o.
New Orleans
M ob ile.........
-Savannah...
Char’ton, &c.
Wilm’ton,&o
N o rfo lk .......
W. Point,&o.
All o th e rs...

406
2,024
19
339
355
24
275
224
255

227
4,141
221
1,274
45
26
920
250
3,101

622
1,899
50
552
289
16
403
144
2,004

290
2,268
153
1,493
264
44
782
479
1,557

165
693
70
28
37
8
254
833
503

80
274
12
253
12
3
8
25
244

Tot. this wk.

3,921

10,205

5,979

7,330

2,596

911

Since Sept. 1 5907,419 5050,754 7096,427 6900.846 5793.133 5508.021

The exports for the week ending this evening reach a total
of 17,265 bales, of which 6,675 were to Great Britain, 370
to France and 10,220 to the rest of the Continent. Below are
the exports for the week and since September 1, 1893._______
E x p o rts
fr o m —
G a lv e s to n .......
V elasco, & c....
New O rle a n s ..
M obile & P e n .
S a v a n n a h .......
B ru n sw ick ..,.,.
C h arlesto n * . . .
W ilm in g to n ...
N o rfo lk ............
W e st P o in t....
N ’p’t News, &c
New Y o rk .......
B o sto n .............
B a ltim o re ..__
P h ila d elp ’a ...

558,346 98,361
102
4,365

1,450

102
4,365

1,150

8,548 11,200
25
23

6,650

370 10,245 17,265

120

T o tal, 1892-93.. 25,228

* Including Port Royal.




3,307

120

31

370

768,660 410,600
500
33,574
111,798 32,697
2,600
38,555
231,737 16,203
63,309
156,567
350
76,497
43,721
4 / 5,604 19,333
227,718
43.487 6,034
26,536
.......
2,!-64,189 586,681 1,692,272

CO1

2,282
3

117,217 773,921
36,052
36,052
431,614 1,610,874
35,160
1,086
372,203 516,698
71,310
30,155
155,201 403,144
99,095 167,404
14,850 171,767
95,984
19,487
46,721
245,283 740,300
2.565 i 230,283
153,819 203,340
13,665
40,301
f l

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

From Sept. 1,1893, to J u ly 27,1894
W eek E n d in g J u ly 27.
E x p o rte 1 to —
E x p o rted to—
C ontiGreat
C onti­ Total
G reat
lo ta l.
B r it’n . France n e n t. W eek. B r ita in . France ' n m t.

4,970 33.505 2,334,259 546,883 1,425,546 4,306,688

Fair.................. -............... c .1 ^ on.
Middling Fair. .................. JS on.
Strict Good Middling....... }a on.
Good Middling................... b\e onStrict Low Middling......... h e on.
Liv
w M
UAlUUUUg
. . . . . . . . . . . . Tie
Low
iddling....................
Strict Good Ordinary....... 1Ai e on.

Good O rd in ary............. o. 1*8 oft.
Good Middling T in ged ...
E ven.
Strict Middling S tain ed ..
oft.
Middling S tained............... 7ie oft
Strict Low Mid. Stained.. 2h 2 oft.
Low Middling S tained.. . . l h
oft.

Otn this basis the prices for a few of the grades would be as
follows:
T il.

F r i.

5 78
6916
7
75,«
7 78

5 78
69,6
7
75)6
7 78

5 7s
69,6
7
75,0
778

W ed

T il.

F r i.

6 1«

6 i*

618

TM.

F r i.

ITIOil T u e s W e d

S a t.

UPLANDS.

51516
658
6^8
The 7 ite
73s
738
7*»,« 715, „
5i5ie

5 78
69ia
7
7°16
7 78

Middling Fair.'.............................
S a t. M om T u e s
GULF.
63 16 63ie 6 is
6i3 16
678
6 78
T516 7 3i0 7H
75«
79)6
7»8
Middling F air............................... 83,« 8 h« 8*8
S a t. M o n T u e s
STAINED.
ie 55«
Low M iddling............................... 51116 5H
65)«
65«
65«
627j2 695¿g
Good"Middling Tinged.............. 71)« 7 li« 7

613le 613,6 613,6
714
7H
7916 79)6 79|6
8%
8*8
84»

7 X4 ,

W ed

55a
55g
65)6 65)6
62o32 6^32 625<i2
7
7
7
5®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
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

Sat’d a y .
Monday
Tuesday
Wed’day
Thur’d’y
Friday..
T otal.

E a s y ...................
Q u iet...................
E asy at h e d e c .
Steady ................
stead y ................
Steady ................

Ex­
port,
300
560
600
500
800
400

Con- Spec- Con­
sum p. u l't’n tract.
700

eoo

1,070
1,758
1,400
800
6,328

....

Total.

Sales o f
Futures.

1,000
1,160
4*00 2,070
2,258
2,200
1,200

27,400
108,700
121,600
144,900
105,100
98,700

400 9,888

6 6,400

156

THE CHRONICLE.

H I h e S ales and P rices of
follow ing com prehensive table.
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^
The imports into Continental ports the past week have
been 37,000 bales.
The above figures indicate a decrease in the cotton in sight
of 145,260 bales as compared with the same date
of 1893, a decrease of o20,606 bales from the corresponding
date of 1892 and an increase of 462,244 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 receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail below.

. 7*09
,900
> 7*11
■ 703

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L iverpool.........bales. 1,247,000 1,291,0001,478,000 1,024,000
6,000
7,000
11,000
16!000
S tock ât L on d on .......................
Total Great Britain stock. 1,253,0001,300,000 Ï ,489,000 1,040,000
Stock at H am burg....................* * 35,’oOO
14.000
6,100
4,700
Stock at Brem en......................... 142,000 129.000 118,000
99.000
Stock a t Amsterdam
12,000
16.000
25.000
22.000
Stock at R otterd am .|...............
200
300
200
300
Stock at A n t w e r p ....... . . . . . . .
13.000
1 0 ,000
7,000
9,000
Stock at H avre..........
374,000 379.000 413,000 222,000
Stock a t M arseilles.............. .
7,000
8,000
11.000
10,000
Stock at Barcelona....... .
77.000 101.000
81,000
93.000
Stock at G enoa.................
18.000
22,000
17.000
10.000
8tock at T r ie ste...................
34,000
31,000
49.000
43,000
Total Continental stocks.., 712,200 710,300
_______ 727,200 513,000
Total European stocks . . . . 1,965,200 2,010,300 2,216,200 1 553 006
India cotton afloat for E urope.
66,000
56,000
53,000
58’000
AHQftT.
Q(f 000
---’^ —
wO,UUU
Amer. fifltiln
cott’n afloat fm-VnitAno
for Europe.
80,000
52.000
39.000
Egypt. Brazil,&e. ,aflt for E’r’pe
28’,000
25,000
15.000
12.000
Stock in U nited States p orts.. 245,780 290,825 445,316 229,854
Stock in U. S. interior to w n s..
65,945
97,788 155,507
66,676
United States exports to-day.
25
6,297
4,033
176
Total «i©
visib
2,566,210 z,y4:A,öDb
2,941,556 l,y
1,958,706
ri**
. le♦ su
* pi p ly
j .. . . . . . 2.420,950 ¿,dDD,^iu
o 8 f7C
totalsofm enoan and other descriptions are as follows:
rv
UfliiOB. 1,00
1,051,000 1,046,000 1,255,000 797.000
Liverpo(>l ow
s tovn..............
c k .............bales.
Continental sto ck s.................... roc
536,000
{.ontmAn+ai
a™
578,000 525,000 335,000
American afloat for E u rop e...
50,000
80,000
52,000
39,000
United States stock .................... 245,780 290,825 445,816 229,854
United States interior sto ck s..
65,945
97,788 155,507
66,676
United States exports to-day.
25
6,297
4,033
176
Total A m erica n ..................................... 1,948,750 2,098,910 2,437,356 1,467.706
E ast In dian , B razil, <£c. ’
,
,'™
Liverpool s t o c k ........................ 196,000 247,000 223,000 227.000
6,000
London sto c k ..............................
7,000
11,000
16,000
Continental stocks..................... 176,200 132,300 202,200 178.000
India afloat for Europe................................. 66,000
56.000
53.000
58.000
Egypt, Brazil, &e., afloat............................. 28,000
25.000
15.000
12.000
Total E ast India, &c....... .
472,200
T otal American”’. . .T;::-.'." y j i i j S o 3 ,0 9 8 ill0 2 ,4 3 7 ;l5 6 1,4671708
K
SUpland,
S i jLiverpool..
f c r - 2 ,4 2 0 ,9 0 0 2 ,5 6 6 ,2 1 0 CÖJTM S M ® p Ö 6
Middling
3 78d.
4!ad.
4 i i 6d.
47 i«d.
Middling Upland, New Y ork..
7c.
8 i i 6c.
71bc.
8 o.
4i5jgd,
E gypt Good Brown, Liverpool
5516 d.
4i3
16 d.
6 ied.
Peruv. Rough Good, Liverpool
5iii«d.
67i 6d.
5 78d.
9d.
Broach Fine, L iverpool...........
4d.
3 i5 I6d.
43gd.
4 7i6d.
Tinnevelly Good, Liverpool...
3 n 16d.
h p
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* Includes sales ln September, io r September, 1,700 ; September ’
October, io r October, 267,800; September-November for Novem ber
717,900; September-December, for December, 1 .8 6 2 ,4 ) •; S ep tem b er,
January, for January, 7.039.900; September-February, for February1,486,800; September-Marcb, for March, 6.514,900; September-April,
for April, 1,766,300; September-May, for May, 5,844,400; SeptemberJune, for June, 2,184,500.
*

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o
o Im -*; œ o
T-1; f t cd h 1î o - a f t h»l o i s »3 f t cc w o gd ao If» f t
M f t H*f t M i*», IH -O fto ; W®-aO!»!OftOOl(»MkaH'©QDMftlf»M<l
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T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up by cable
* Louisville figures “ n e t” iu both years,
and telegraph is as follows. The Continental stocks, as well as
t This year’s figures estim ated,
those for Great Britain and the afloat are this week’s returns
i Last year’s figures are for Sherman, Texas.
and consequently all the European figures are brought down
The above totals show that the interior stocks have decreased
to Thursday evening. But to make the totals the com plete during the week 7,160 bales and are now 31,843 bales less than
same period last year. The receipts at all the towns have
figures for to-night (July 27), we add the item of exports from at
been 550 bales more than same week last year and since
the United States, including in it the exports of Friday only.
Sept. 1 are 448,740 bales more fl an for same time in 1892-93.




J uly

28, 1894. |

THE CHRONICLE.

157

Q u o t a t io n s f o r Mid d l in g C o t t o n a t O t h e r M a r k e t s . —
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 . —The weather at the
Below we give closing quotations of middling cotton at South­ South during the week uSder review, as indicated by our
ern and other principal cotton markets for each day of the w eek, telegraphic advices this evening, has been favorable as
CLOSING QUOTATIONS FO R MIDDLING COTTON ON—
a rule. Needed rain has fallen in Texas and the plant has
'Week e n d in g
J u ly 27.
been much benefitted. At some points in the Atlantic section
Satur.
Fri.
M on.
Tues.
Wednes. Thurs.
there has been too much mpisture. From the remainder of
G alveston ...
613le
6 7«
61316
6%
6%
6 7s
613,6
N ew Orleans
.613le
6%
6%
6%
6k
the cotton belt the reports are generally very satisfactory.
Mobile..........
6 34
6%
6%
6 U 16
6 U 16
61118
Galveston, Texas.—There has been rain on two days during
S a van n ah ...
6 7g
6 78
6 7e
6 78
6 78
6k
C harleston..
7
6%
6%
6%
6 78
6k
the week, the rainfall reaching forty-nine hundredths of an
W ilmington.
6k
6%
6%
6%
6k
6k
Norfolk.........
inch. Average thermometer 82, highest 88 and lowest 75. ^
7
7
7
6 78
. 6 7a
6k
B o sto n .........
7
7
7
7118
7 li6
7li8
Palestine, Texas.—Cotton is doing fairly well. We have
B a ltim o re...
738
73a
714
714
714
714
Philadelphia
77, „
738
738
738
7k
7ia
had
rain on two days of the past week, the rainfall reaching
A u g u s t a ....
71«
7® 7k
7® 7k
7is
7%
718
forty-one hundredths of an inch. The thermometer has aver­
M em p h is....
7
7
7
7
7
7
St. L o u is ....
7
7
7
7
7ha
7 lie
aged 82, the highest being 94 and the lowest 66.
H o u s to n ....
61318
61318
6%
6 78
6%
678
C in cin n ati..
738
73s
738
714
Huntsville, lexas.—Dry weather has prevailed all the week.
714
714
L o u isv ille...
7ia
71«
7i8
71«
714
718
Cotton is doing well but rain would be beneficial. The ther­
The closing quotations to-day (Friday) at other important mometer has averaged 83, ranging from 68 to 98.
Southern markets were as follows.
Dallas, Texas.—Crops are fine. There has been rain on one
A tla n ta .............
L ittle R o c k .... 6 k I N e w b e r r y .....
69,8
Columbus, Ga.
day of the week, the rainfall being forty-six hundredths of an
6 78
6 k M ontgomery... 65s I R a leig h ......... .
Columbus. Miss
| Selma...............
6 k N a sh v ille....... . 7
inch. The thermometer has ranged from 64 to 94, averag­
E u fau la........... .
N a tch ez............ 6918 1 S h revep ort....
6k
R e c e ip t s f r o m t h e P l a n t a t io n s . —The following table ing 79.
San Antonio, Texas.—Cotton is greatly improved. There
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern has been rain on two days, the precipitation reaching fiftyconsumption; they are simply a statement of the weekly nine hundredths of an inch. Average thermometer 83, high­
movement from the plantations of that part of the crop which est 98 and lowest 68.
Duling, Texas.—Cotton is doing well. It has been showery
finally reaches the market through the outports.
on three days of the week, the rainfall reaching thirty-five
hundredths
of an inch. The* thermometer has averaged 86,
Week
Receipts at the Ports. S t’k at Interior Towns. Rec’pts from Plant’ns,
Ending—
the highest being 102 and the lowest 70.
1892. 1893. 1894. 1892.- 1893. 1894. 1892.
1893. 1894.
Columbia, Texas.—Cotton looks splendid. It has rained on
J u n e 22....... 19,613 23,096 12,069 193,908 150,762 92,347 8,629 6,956 4,434 one day of the week, tbe precipitation reaching eighty-four
“ 29....... 16,174 19,938 12,806 182,624 135,393 85,585 5,190 4,569 6,044 hundredths of an inch. The thermometer has averaged 79
J u ly 6 ....... 12,874 16,384 10,119 174,541 125,780 79,386 4,794 6,771 3,920
ranging from 66 to 92.
“ 18....... 16,176 15,762 6,910 165,696 120,466 76,577
7,328 10,448 3,101
Cuero, Texas.—Cotton is very promising. There has been
“ 20....... 12,075 11,091 3,812 159,289 110,269 73,105 5,668
340
894
rain on two days of the week, the rainfall being one inch and
1 27.......
5.979 10.205 3,921 155,507 97.788 65,945 2,197
fifty-two hundredths. The thermometer has ranged from
The above statement shows: 1.—That the total receipts from 70 to 98, averaging 84.
the plantations since Sept. 1 in 1898 are 5,897,198 bales; in
Brenham, Texas.—Cotton has improved. There has been
1892-98 were 5,019,908 bales; in 1891-92 were 7,196,005 bales.
rain on one day of the week, the precipitation reaching forty2.—That although the receipts at the outports the past week eight hundredths of an inch. Average thermometer 83,
were 3,921 bales, the actual movement from plantations was highest 96 and lowest 70.
----- bales, the balance being taken from the stocks at
Belton, Texas.—Telegram not received.
the interior towns. Last year the receipts from the plantations
Fort Worth, Texas.—Telegram not,received.
for the week were ----- bales and for 1892 they were
Weatherford, lexas.—The cotton crop looks promising. We
2,197 bales.
have had rain on two days of the week, the rainfall reaching
The thermometer has
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t . 1. — sixteen hundredths of an inch.
We give below a statement showing the overland movement ranged from 64 to 96, averaging 80.
New Orleans, Louisiana.—Rain has fallen on four days of
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so the week, to the extent of ninety-four hundredths of an inch.
largely into detail as in our regular monthly report, but all Average thermometer 81.
Shreveport, Louisiana.—There has been rain on two days of
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended the week, the precipitation reaching one inch and twenty-five
monthly statements. The results for the week ending July 27 hundredths. The thermometer has averaged 78, the highest
being 92 and the lowest 65.
^ J
and since Sept. 1 in the last two years are as follows:
Columbus, Mississippi.—Crop prospects continue good. It
1893-94.
1892-93.
has rained on four days of the week, the rainfall reaching one
J u ly 27.
inch and sixty hundredths. The thermometer has* averaged
Since
Sine*
Week. Sept. 1.
Week. S ept. 1.
79, and ranged from 62 to 96.
Leland, Mississipi.—There has been rain on three days of
S h ip p e d —
V ia St. L ou is..................................
3,333 612,543
4,716 481,108 the week, the precipitation being one inch and seventy-nine
204 232,569
883 203,957 hundredths. The thermometer has ranged from 61 to 88,
138,802 averaging 74-7.
13,756
14,129
60
7,369
Meridian, Mississippi.—Rust and boll worms are reported
471 131,243
669 130,811
Y ia L ou isv ille............................ .
520 107^983
790 109,637 in cotton in some sections of East Mississippi and West Ala­
V ia Cincinnati...............................
401 164,839 bama. There has been rain on two days of the week. Aver­
Via other routes, &c....... ............
207 129,474
T otal gross overland. . . . . . . . . .
7,519 1,243,283 age thermometer 79, highest 94 and lo west 62.
4,735 1,234,937
Little Bock, Arkansas.—Light rain fell on one day in the
D ed u ct sh ip m en ts—
172 300,177
3,101 303,649 early part of the week and the weather has been dry and
Overland to N. Y ., B oston, &o..
24,527 warm since, but with indications at present of more rain.
78
B etw een interior tow n s . . . . . . . .
8
21,898
290 103,145
In lan d , & c.,from South . . . . . . . .
1,111
74,619
The rainfall reached fourteen hundredths of an inch. The
470 425,220
T otal to be d e d u o ted ..............
4,290 402,795 thermometer has averaged 77’7, the highest being 92 and the
lowest 62.
L eavin g to ta l n e t overland*..
4,265 809,717
3,229 840,488
Helena, Arkansas.—Crops never looked better, although
* In clu d in g m ovem ent by r a il to Canada.
nights have been almost too cool. We have had light rain
The foregoing shows that the week’s net overland movement on two days of the week, the precipitation reaching thirteen
this year has been 4,265 bales, against 3,229 bales for the hundredths of an inch. The thermometer has averaged 76*5,
week in 1893, and th at for the season to date the aggregate net ranging from 62 to 90.
overland exhibits a decrease from a year ago of 30,771 bales.
Memphis, Tennessee.—The crop outlook is fine. Rain fell on
Saturday last, the rainfall being fifty-seven hundredths of an
1893-94.
1892-93.
inch, and the weather now looks threatening: The ther­
I n S ig h t a n d S p in n e r s ’
S in ce
T a k in g s.
mometer has ranged from 64’6 to 93 2, averaging 77*7.
Sine*
Week. S e p t. 1,
W eek. S ept. 1.
Nashville, Tennessee.—We have had rain during the
3,921 5,907,419 10,205 5,050,754 week to the extent of one inch and fifty hundredths. Average
Receipts a t ports to July 2 7 .........
4,265 S09.717
3,229 840,488 thermometer 76, highest 91, lowest 63.
N et overland to July 2 7 ................
8,000 661,000
8,000 640,000
Southern consum ption to July 27
Mobile, Alabama.—Crop reports are very fine. The first
Total m arketed.......................... 16,186 7,378,136 21,434 6,531,242 open boll was reported on Sunday. It has rained on four
tl0 ,2 2 1 *12,481
Interior stock s in e x c e s s............... *7,160
130,846 days of the week, the rainfall being one inch and thirty
hundredths. The thermometer has ayeraged 80, the highest
9,026
Came in to sigh t during w eek.
8,953
T otal in sigh t July 27..............
7,367,915
6, 506",396 being 89 and the lowest 69.
Montgomery, Alabama.—The crop is unusually fine and
North’n sp in n e r sta k ’gs to J ’ly 27
1,554,325
1,691,962 clean. The present outlook is most satisfactory throughout
this section Rain has fallen on five days of the week,
* Decrease during week.
t Less than September 1.
It will be seen by the above that there has come into sight the rainfall being two inches and nine hundredths. The
during the week 9,026 bales, against 8,953 bales for the thermometer has averaged 78, ranging from 70 to 87.
Selma, Alabama.—The crop continues good. We have had
same week of 1893, and that the increase in amount in sight
ram on two days of the week, the rainfall reaching one inch
to-night as compared w ith last year is 867,519 bales.




158

THE CHKONICLE.

and twenty-seven hundredths. The thermometer has ranged
from 65 to 88, averaging 77.
*
Madison, Florida.—The crop is suffering from too much
moisture, and grass is troublesome. We have had rain on five
days of the week, the precipitation reaching four inches and
ten hundredths. Average thermometer 79, highest 89, low­
est 66.
Columbus, Georgia.—We have had rain on two days during
the week, the rainfall reaching one inch and forty-seven hun­
dredths. The thermometer has averaged 78, the highest
being 85 and the lowest 70.
Savannah, Georgia.—Rain has fallen on every day of the
week, the rainfall reaching one inch and thirteen hundredths.
The thermometer averaged 80 and has ranged from 69 to 92.
Augusta, Georgia.—There has been rather too much rain
for cotton in low sandy lands. We have had rain on five days
of the week, to the extent of one inch and seventy hundredths.
The thermometer has ranged from 68 to 88, averaging 78.
Charleston, South Carolina.—We have had rain on six days
of the week. Average thermometer 81, highest 91 and low­
est 73.
Stateburg, South Carolina.—The weather has been cloudy
most of the week, with rain on two days, the rainfall reach­
ing sixty-seven hundredths of an inch. The thermometer has
averaged 77 1, the highest being 86 and the lowest 69.
Wilson, North Carolina.—We have had rain on two days of
the week, the rainfall being four inches and ninety-five hun­
dredths. The thermometer has averaged 82, ranging from 72
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock July 26, 1894, and July 27, 1893.

N ew O rleans___
M em phis.............
N a s h v ille ..........
Shrevep ort.........
V icksburg........... ___Above low-water mark.

Ju ly 26, ’94. Ju ly 27, ’93.
Feet.
Feet.
4-0
9 2
5-6
107
2-9
38
57
0 8
9-3
16-6

J u t e B u t t s , B a g g in g , & e .— The market for jute bagging
has been fairly active the past week and prices have ruled
steady at 6c. for 1% lbs., G%o. for 2 lbs. and 7c. for standard
grades in a jobbing way. Quotations for car-load lots of
standard brands have also been well maintained at 6c. for
lbs., 6J£c. for 2 lbs. and 7c. for 2J^ lbs., f. o. b. at New York.
Jute butts continue inactive, but the close is steady at 1 % g.
for paper grades and %%<s. for bagging quality.
I n d ia C o t t o n M o v e m e n t p r o m a l l P o r t s . —The receipts
and saipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to July 26.
BOMBAY RECEIPTS AND SHIPMENTS FO B FOUB YEARS

Shipm ents th is week. Shipm ents since Sept. 1.
J e a r Great Conti­
Great Conti­
T otal.
BriVn. nent. Total. B rita in nent.
93-4
»92-3
91-2
90-1

Receipts.
This
Since
Week. Sept. 1.

6,000 6 000 47.000 750.000 797.000 8,000
3.000 3.000 42.000 785.000 827.000 7.000
6.000 6.000 69.000 823.000 892.000 8.000
2,000 2,000 103,000 911.000 1,014,000 10,000

1.767.000
1.715.000
1.729.000
2.018.000

According to the foregoing Bombay appears to shove
an increase compared with last year in the week’s receipts o
1,000 bales and an increase in shipments of 3,000 bales, an
the shipments since Sept. 1 show a decrease of 30,000 bale*.
The movement at Calcutta, Madras, and other India porta f >
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon
Tuticorin. Kurrachee and Coconada.
Shipm ents fo r the week.

Calcutta—
1893-94...
1892-93...
Madras—
1893-94...
1892-93...
A ll others—
1893 9 4 ...
1892-93...
T otal a ll—
1893-94...
1892-93...

Great
B rita in .

Conti­
nent.

1,000

1,000

1,000

Total.

Shipments since Sept, .
Great
B ritain . Continent.

Total.

2,000

21,000
11,000

84.000
43.000

105.000
54.000

1,000

22,000
10,000

14.000
6,000

36 000
16.000

2,000

4.000
3.000

6 000
3,000

31.000
27.000

81.000
60,000

112.000
87,000

4,000

5.000
3.000

9.000
3.000

74.000
48.000

179.000
109.000

253,000
157 000

The above totals for the week show th at the movement from
the ports other than Bombay is 6,000 bales more than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:

[Vol. L1X,

the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A lexandria, Egypt,
J u ly 25
Receipts (oantars*)....
This w e e k ....
Since Sept. 1.

Exports (bales)—
To L iverp ool.............
To C ontinent.............

1893-94.

1892-93.

1891-92.

1.000
4,976,000
This
Since
week. Sept. 1.

5,1 3 é’Òth]
This
Since
week. Sept. 1.

4,651.000
T his
Since
week. Sept. 1.

6,000 320.000
4,000 306.000

308.000
2,000 328.000

327.000
2,000 269.000

2,000 636,000

2,000 596,000

T otal Europe......... 10.000 626.00
* A cantar is 98 pounds.

This statement shows that the receipts for the week ending
July 25 were 1,000 cantars and the shipments to all Europe
10,000 bales.
M a n c h e s t e r M a r k e t . —Our report received by cable to ­
night from Manchester states that the market is quiet for
yarns and steady for sheetings. The demand for cloth is
good but for yarn poor. We give the prices for to-day
below and leave those for previous weeks of this and last year
for comparison:
1894.
32s Cop.
Twist.
J’e 22
“ 29
July 6
“ 13
“ 20
“ 27

d.
648
6
6
5 78
5 78
578

1893.
Oott'n
Mid. 32s Cop.
TTplds Twist.

8H lbs.
Shirtings.

d. s. d. s.
®61516 4 104fl®6
® 6% 4 9 ®6
U>6\ 4 84fl®6
»6% 4 8 ® 6
®6% 4 8 ®6
®6% 4 7hs®6

d.
84fl
8
74fl
7
7
6*8

d.
d.
d.
4.1-»« 6 78 ®7%
3151S 6 7a ®7%
643|g®7Sg
315t, 6 78 ®75s
3>5ie 6% ®74g
3^8 63t ®74a

bo
oo
oo

MQC

s.
5
5
5
5
5
5

d. s.
6h5®7
6»*®7
64fl®7
7 *®7
7 ®7
7 ®7

d.
4
4
4
4
4hj
44s

Oott'n
Mid.
TJpldt
d.
443

A7i#
43s
443

442
44s

S e a I s l a n d C o t t o n M o v e m e n t .— We 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 27) and since
Sept. 1, 1893, the stocks to-night, and the same items for the
corresponding periods of 1892-93, are as follows.
1893-94.
Receipts to J u ly 27.

1892-93.

Slock.

This
Since
This
Since
week. Sept. 1. week. Sept. 1. 1894.

8avan n ah ......... ................
Charleston.........................

54,175
2,212
3,571

1 35,457
6,093
3,775

Total..............................

59,958

1 45,325

974
339
823

1893.
1,735
392
190

2,136 2 ,317

The exports for the week ending this evening reach a total
of — bales, of which — bales were to Great Britain, — to
France and — to Reval, and the amount forwarded to
Northern mills has been — bales. Below are the exports for
the week and since September 1 in 1893-94 and 1892-93.
Exports
+'rom—

Week E nding Ju ly 27. Since Sept. 1 ,1 8 9 3 . North'n Mills.
Great Fr’nce
Great Fr’nce
Total.
BriVn. <£c. Total. BriVn. <êc.

Savannah...
Chari’t ’n, &c
Florida, &e.
New Y ork..
B oston ........
B altim ore..

22,932
386
125
3,671
5,410
72

2,326 25,258
17
403
125
2,299 5,970
5,410
72

Since
Week. Sept. 1.
18,057
1,227
3,141
rnrnmmmm

T o ta l..___

.........

.........

32,596

4,642 37,238

22,42»

Tot. 1892-93

250

.......

250 20,311

1,901 22,212

22,807

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations July 27 at Savannah, for Floridas, common,
13c.; medium fine, !5j^c.; choice, Yl%c.
Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 to
30c.; extra fine, 30 to 40c., all nominal.
E x c h a n g e s .— T h e f o llo w in g exchanges have been made

d u r in g t h e w e e k :
•22 pd. to exch. 200 Oct for Jan.
•07 pd. to exch. 200 Sept, for Oct.
•12 p i . to exch 2,400 Aug. for Oct.
•48 pd. to exch.. 100 Aug. for Mch.
•35 pd. to exch. 200 Aug. for Jan.
EXPOBTS TO EUROPE FBOM ALL IN D IA .
•16 pd. to exch, 700 Oct. for Dec.
•05 pd. to exch. 200 Aug. for Sept.
1893-94.
1892-93.
•28 pd. to exch. 1,000 Aug. for Deo.
1891-92
Shipm ents
•21 pd. to exch. 1,000 Aug. for Nov.
to a ll Europe
This
Since
This
Since
•36 pa. to exch. 1,000 Aug. for J an.
This
Since
fro m —
week.
Sept. 1.
week.
•22 pd. to exch. 5,500 Sep. for Jan.
Sept. 1.
week.
Sept. 1.
•08 pd. to exch. 200 Dec. for Jan.
Bom bay............
6,000 797.000
3.000
6,000 892.000 ■30 pd. to exch. 3,600 Aug. for Dec.
A llotherp orts.
9,000 253.000
3.000
6,000 171.000 •13 pd, to exch. 1,000 Aug. for Oct.
•22 pd. to exch. 400 Aug. for Nov.
T otal.......... 15,000 1.050,000
6,000 98 i,000 12,000 1,063,000 •06 pd. to exch. 2,500 Aug. for Sep.
•44 pd. to exch. 300 Aug. for Feb.
A l e x a n d r ia R e c e ip t s a n d S h ip m e n t s .— Through arrange' •5<> pd. to exch. 100 Aug. for Mch.
•14 pd. to exch. 300 Aug. for Oct.
ments we have made with Messrs. Davies, Benachi Sc, Co., of •08
pd. to exch. 100 Oct. for Nov.
Liverpool and Alexandria, we now receive a weekly cable of * '29 pd. to exch. 100 Aug. for Dec.




8 k lbs.
Shirtings.

•37 pd. to exch. 100 Aug. for Jan.
•31 pd. to exch. 1,000 Aug. for Deo,
•37 pd. to exch. 1,400 Aug. for Jan.
•29 pd. to exch. 6.700 Aug. for Dec.
08 pd. to exch. 100 Nov. for Dec.
•05 pd. to exch. 1,300 Aug. for Sep,
•56 pd. to exch. 200 Aug. for Apr.
•05 pd. to exch. 200 Ju ly for Sept.
•2*8 pd. to exch. 1,800 Aug. for D eo,
•08 pd. to exch. 100 Sept for Oct.
•2 1 pd. to exch. 1,500 Aug. for Nov,
•13 pd. to exch. 1,100 Aug. for Oct,
•21 pd. to exch. 100 Aug. for Nov*
04 pd. to exch. 500 Aug. for Sept.
•03 pd. to exch. 5,200 Aug. for Sep.
•26 pd. to exch. 300 Aug. for Dec.
•18 pd. to exch. 1,500 Aug. for Nov.
•25 pd. to exch. 2,000 Aug. for Deo
•24 pd. to exch. 2,000 Aug. for Deo.
•10 pd. to exch. 400 Aug. for Oct.

THE CHRONICLE.

J uly 28, 1894.]

W e a t h e r R e c o r d F o r J u n e . —Below we give the ther*
mometer and rainfall record for the month of June and pre­
vious months of this and the two preceding years. The fig­
ures are from the records of the Signal Service Bureau, except
at points where they have no station, and at those points they
are from records kept by our own agents.
March.

April.

1894. 1893. 1892

1894. 1893. 1892

Therm om eter

V IR G IN IA .
N orfolk.—
H ig h e s t... 88*C 78*0 72*0
L o w e s t.... 24 *< 24*0 2l*C
A v e ra g e ... 52*5 40*0 44*0
N . C A R ’L A .
W ilm inqtonH i g h e s t ...
L o w e s t....
A v e ra g e ...
W eldon.—
H ig h e s t...
L o w e s t....
A v e r a g e ...
C harlotte—
H i g h e s t ...
L o w e s t....
A v e ra g e ...
Raleigh—
H ig h e s t....
L o w e s t....
A v e ra g e ...
M organtcn —
H i g h e s t ...
L o w e s t....
A v e ra g e ...
8. C A R O L ’A
Charleston.—
H i g h e s t ...
L o w e s t....
A v e ra g e ...
Statebv/ro.—
H ig h e s t....
L o w e s t....
A v erag e..
C olum bia—
H ig h e s t....
L o w e s t__
A v e r a g e ..
Evergreen—
H ig h e s t....
L o w e s t ..
A v e ra g e ...
G E O R G IA .
A ugusta.—
H ig h e s t...
L o w e s t....
A v e ra g e ..
A tla n ta .—
H ig h e s t...
L o w e s t___
A v e r a g e ...
S ava n n a h .—
H ig h e s t..
L o w e s t....
A v e ra g e ...
C olum bus.—
H i g h e s t ...
L o w e s t....
A v e ra g e ..
Rom e.—
H i g h e s t ...
L o w e s t....
A v e ra g e ...
fo r s y th .—
H ig h e s t...
L o w e s t....
A v e ra g e ...
F L O R ID A .
Jacksonville.
H ig h e s t...
L o w e s t....
A v e ra g e ...
la m p a .—
H i g h e s t ...
L o w e s t__
A v e ra g e ...
litu s v ille —
H ig h e s t....
L o w e s t. . .
_ A v e ra g e ..
Tallahassee—
H ig h e s t...
L o w e s t__
A v e ra g e ...
ALABAM A
biontQQm’v
H ig h e s t...
L o w e s t....
„ A v e r a g e ...
Mobile.—
H ig h e s t...
L o w e s t....

92*0 90*0 91*0 104*0 103*0 101*0
43*0 42*0 45*0 45*0 58*0 02*0
03*G 72*0 70*0 80*0 74*0 81*0

84*0 81*0 80*0
27*0 20*0 24*0
01*0 60*0 53*0

80*0 87 0 87*0
48*0 45*0 43*0
07*0 70 0 00*3

88*0 87*0 90*0
50*0 52*0 47*0
72*4 72*0 71*9

90*0 93*0 95*0
54*0 03*0 58*0
77 0 78*4 7 8 0

80*0 82*0 79*0
20*0 34*0 20*0
57*4 52*3 50*9

84*0 80*0 83*0
42*0 40*0 45*0
03*4 07*0 03 4

80*0 80*0 90*
44*0 50*0 48*'
70*9 09*7 70*1

93*0 91*0 98*0
50*0 00*0 55*0
74*2 70*5 75*4

83*0 80*0 83*0
24*0 19*0 17*0
59*3 54*0 43*2

91*0 90*0 87*0
35*0 41*0 43*0
00*3 00*8 05*4

98*0 94*0 8540*0 50 0 47*
70*7 71*1 00*3

92*0 92*0
60*0 52*0
76*8 75*4

H ig h e s t... 81*0 83*0 83*0
L o w e s t.... 22*0 23*0 18*0
A v e r a g e ... 59*1 57*5 53*1

91*0 94*0 86*0
4 2 0 43*0 37*0
00*3 71*0 0(5*8

95*0 95*0 93*0 100*0 99*0 99*0
40*0 40*0 42*n 53*0 01*0 50*0
73*1 74*0 72*1 7J*8 79*4 77*4

85*0 85*0 80*0
23*0 20*0 20*0
54*0 53*0 51*0

85*0 88*0 87*0
45*0 37*0 39*0
05*0 07*8 03*0

91*0 90*0 90*0
41*0 48*0 43*0
05*5 08*0 09*0

85*0 85*0 78*0
25*0 23*0 21*0
58*0 54*4 45*0

93*0
35*0
04*0

80*0
23*0
01*8

91*0 93*0 90*0 107*0 97*0 95*0
41*0 40*0 45*0 50*0 .00*0 57*0
37*0 72*0 70*4 . 79*0 78*0 79*0

81*0 80*0 81*0
24*0 16*0 17*n
53*3 50*6 48*0

89*0 87*0 80*0
42*0 38*0 23*0
03*2 05*2 01*8

90*0 90*0 85*0 102*0 94*0 93*0
40*0 50V 45*i' 51*0 59*0 54*0
70*3 68*3 6,**4 77*0 76*5 77*0

80*0 78*0 78*0
24*0 18*0 17*0
52*0 50*5 39*0

85*0 88*0 84*0
42*0 38*0 42*0
04*0 05*7 02*2

88*0 80*0 80*0
44*0 48*0 4 0 v
70*0 08*8 09*3

97*0 93*0 91*0
48*0 59*0 54*0
77*0 70*0 75*0

H ig h e s t... 84*0 81*0 80*0
L o w e s t.... 20*0 14*0 20 0
A v e r a g e ... 54*0 49*0 48*0

90*0 94*0 91*0
39*0 3,1*0 33*0
03*0 04*0 01*4

88*0 87*0 89*t
40*0 40*0 43*0
09*0 07*0 00*7

99*0 95*0 95*0
49*0 53*0 52*0
7d*0 7d*0 70*3

H ig h e s t...
L o w e s t....
A v e ra g e ...

85*0 82*0 77*0
24*0 21*0 11*0
50-5 52*2 43*0

88*0 80*0 84*0
37*0 33*0 33*0
05*4 00*4 59*4

93*0 89*0 87*0 101*0 94*0 94*0
40*0 50*0 8b*f. 48*0 00*0 50*0
72*j 70*8 00*0 77*5 77*0 75*0

H ig h e s t...
L o w e s t __
A v e ra g e ...

81*0 82*0 84*0
19*0 11*ii 10*0
52*6 48*8 47*1

91*0 90*0 88 0
34*0 31*0 30*0
59*2 02*0 61*2

92*0 91*0 90*0 101*0 93*0 102*0
39*0 40*0 40*0 44*0 55*0 50*0
07*6 07*5 68*1 77*2 74*0 79*9

H ig h e s t....
L o w e s t....
A v e ra g e ...
Clark&dale—
H ig h e s t...
L o w e s t....
A v e ra g e ...

87*C 78*0 74*0>
27*C 26*0 «7*0
00*1 54*0 50*1

84*0 89*0 80*0
41*0 44*0 35*0
02*0 05*8 0 0 0

90*0 87*0 80*0
49*0 50*4 49*0
70*0 t9*0 70*0

94*0 90*0 92*0
53*C 601 01*0
75*0 70*0 70*1

87*f 79*0 73*0
23*C 33*0 23*0
54*7 40*S 45*£

85*0 89*u 84*0
32*0 34*0 2*i*0
57*0 61*0 55*8

95*0 91*0 92*0
45*0 41*1 41*0
09*1 00*7 08*4

97*0 94*0 97*0
45*0 58*C 50*0
75*1 74*5 70*0

85-r 77*0 71*0
20-C 18*0 21*0
58-C 50*0 47*0

88*0 89*0 78*0
35*i 39*0 31*0
59*0 03*0 57*0

92*0 90*0 89*0
41*0 44*1 48*0
71*0 07*0 08*0

90*0 90*0 80*0
♦8*C 58*u 00*0
70*0 74*0 76*0

89*r 78*0 74*0
21*C 21*0 23*0
50*C 48*2 40*0

80*0 91*0 82*0
34*0 37*(J 30 0
68*0 02*7 57*2

92*0 90*0 91*0
21*0 45*0 45*0
70*0 00*1 07 0

97*0 91*0 90*0
40*0 57*(! 52*0
70*0 74*2 70*0

75*(1 88*f> 80*0
2O*0 18*0 20*0
49*1 43*1 39*5

80*0 77*0 85*0
32*0 29*0 22*0
49*0 00*4 43*8

82*0 82*0 75*0
38*o 45*0 40*0
00*8 01*2 57*6

90*0 83*0 87*0
45*0 58*0 01*0
0 8 3 08*4 08*8

84*0 78*0 78*0
32*0 20*0 23*0
01*0 50*0 55*0

88*0 87*0 80*0
44*0 500 42*0
05*0 08*0 84*0

89*0 88*0 89*0
45*0 54*0 53*0
72*0 72*0 72*0

93*0 94*0 91*0
59*0 00*0 67*0
77*0 78*0 78*0

Camden—

87*0 81*5 75*0
28*0 21*5 24*1
00*4 53*0 50*8

80*0 88*5 82*9
39*0 43*0 30*5
03*0 07*1 00*0

91*0 93*0 88*5
44*0 49*0 50*3
71*6 70*4 70*2

98*0 89*0 93*9
58*0 01*0 03*5
78*0 75*7 75*0

Corning -

90*0 82*5 77*9
24*0 20*1 24*0
00*4 54*4 51*8

93*0 91*0 83*5
38*0 40*0 32*0
03*b 09*2 02*0

86*0 79*0 72*0
18*0 20*0 20*0
58*3 53*2 50*0

89*0 88*0
31*0 34*0
59*1 04*5

95*0 95*0 93*5 100*0 95*0 97*8
40*0 47*8 48*4 51*0 02*0 03*5
72*3 71*2 71*4 78*3 77*5 78*8
90*0 93*0 90*0 95*0 93*0 92*0
40*0 411*0 40*0 41*0 55*0 01*0
03*8 07*0 0d*0 75*4 73*0 70*0

hrookhaven—
Kosciusko—

H ig h e s t...
L o w e s t....
A v e r a g e ..
Waynesboro H ig h e s t...
L o w e s t....
A v e r a g e ...

H ig h e s t...
L o w e s t....
A v e ra g e ...
Selena—
H ig h e s t...
L o w e s t....
A v e r a g e ...

Fort Smith—

TENNES’E.
Nashville.—

H ig h e s t. .
L o w e s t. ..
A v e ra g e ..
Kemphis.—
H ig h e s t...
L o w e s t....
A v e ra g e ...

81*0 77*0 80*0
18*0 12*0 lk*0
51*0 48*0 41*0

90*0 8*.*0 80*0
34*0 34*0 31*0
00*0 03*0 59*0

90*0 89*0 87*0
40*0 40*0 44*0
00*0 00*0 07*0

98*0 89*0 97*0
42*0 58*0 54*0
77*0 75*0 77*0

80*0 81*0 81*3
23*0 10*0 17*7
50*0 51*1 48*5

89*0 89*0 83*5
41*0 38*0 38*7
03*2 05*2 61*9

90*0 90*0 80*0
44*0 52*0 48*0
09*1 08*8 08*6

5l*o 59*4 59*0

H ig h e s t...
L o w e s t....
A v e ra g e ...

79*0 75*0 78*0
20*0 14*0 17*0
53*2 40*9 45*5

87*0 83*0 87*0
37*0 85*0 32*0
59*8 59*0 59*0

87*0 87*0 85*0
43*0 45*0 44*0
64*1 00*4 00*9

90*0 88*0 93*0
45 0 50*0 00*0
74*4 76*9 75*1

H ig h e s t. . 77*0 78*0 78*0
L o w e s t.... 12*0 10*0 2*0
A v e r a g e ... 51*8 40*8 43*5

89*0 87*0 8*2*0
30*0 30*0 24*0
58*7 02*3 59*0

89*0 9 V0 83*t
38*0 40*0 43*0
05*0 04*8 09*1
88-0 80-0

90*0 91*0 85*0
40*0 42*0, 35*0
04*0 68*9 63*0

92*0 94*0 72*0
41*0 49*0 47*0
71*4 70*7 71*0

97*0 93*0 95*0
53*0 59*0 05*0
77*4 7 VI 78*2

Ishwood.—

82*0 79*0 77*0
19*0 13*0 17*0
58*7 41*4 48*0

88*0 84*0 82*0
35*0 39*0 32*0
02*0 04*2 59*0

90*0 88 0 93*0
40*0 57*0 03*0
70*0 74*2 70*2

Wier—

8R*0 81*0 83*0
31*0 20*0 27*0
84*0 57*0 50*0

87*0 89*0 85*0
44*0 51*0 42*0
06*0 70*0 00*0

8l*n 78*0 78*0
23*0 30*0 25*0
00*0 57*0 54*0

85*0 88*0 80*0
41*0 44*0 45*0
03*0 70*0 00*0

88*0 90*0 88*0
39*0 47*0 45*0
09*0 00*2 08*8
93*0 92*0 91*0
43*0 54*0 51*0
73*0 73 0 73*0
89*0 90*0 89*0
48*0 50*0 53*0
03*0 7o*3 74*0

75*0
22*0
49*0

84*0 80*0
40*0 36*0
03*0 60*0

88*0 80*0
40*0 40*0
07*0 70*0

88*0 93*0
02*0 02*0
75*0 79*0

90*0 88*0 84*0
22*0 23*0 25*0
47*3 57**< 55*7

88*0 88*0 87*0
44*0 48*0 42*0
07*2 70*0 00*0

94*0 92*0 93*0
47*0 50*0 52*0
75*4 73*4 73*4

98*0 91*0 90*0
00*0 65*0 6s*0
81 *C 79*5 78*4

87*0 84*0 84*0
82*0 28*0 29*0
66*0 01*0 00*0

85*0 90*0 88*0
48*0 53*0 43*0
09*0 72*0 09*4

81*0
S7*0
39*0 32*0 33*0
08*0 85*2 02*1

89*0 90*0 88*0
54*0 53*0 40*0
72*0 73*0 71*8

88*0 85*0 87*0
38*0 34*0 38*0
07*0 03*8 82*4

87*0 89*0 80*0
50*0 50*0 48*0
09*8 71*9 70*8

88*0 78*0 82*0
29*0 28*0 20*0
82*8 5 i* 1 58*2

89*0 85*0 83*0
47*0 40*5 42*0
08*2 08*7 00*3

88*0 84*0 81*0
25*0 21*0 24*0
01*0 50*0 54*8

90*0 88*0 37*0
43*0 44*0 42*0
0i*O 09*0 00*9

78*0 78*0 77*0
30*0 27*0 27*0
00*0 57*0 58.0

83*0 82*0 82*0
51*0 49*0 44*0
09*0 09*0 00*0

83*0 80*0
24*0 24*0
53 5 5l*0

90*0 85*0
43*0 42*o
00*5 00*8

95*0 93*0 92*0
40*0 57*0 53*0
75*0 7o*0 75*0
93 0 90*0 91*0
53*0 5S*0 58*0
75*0 70*0 75*4
90*0 91*0 90*0
49*0 50*0 50*0
73*0 76*3 74*8
89*0 80*0 88*0
45*A 50*0 49*0
72*8 73*0 72*8

92*0 95*0 94*0
82*0 68*0 07*0
78*0 80*0 77*8
93*0 94*0 92*0
05*0 68(1 64*0
79*0 81*0 78*9
89*0 94*0 88*0
01*0 68*0 07*0
70*5 79*4 77*4
95*0 90*0 90*0
0)*5 03*0 05*0
77*5 77*3 70*4

890
44*0
07*0

94*0 93*0 93*0 100*0 9i*0 93*0
45*0 51*0 47*0 52*0 03*0 02*0
74*0 72*0 73*0 79*0 78*0 79*7
90*0 87*0 85*0 101*0 95*0 95*0
52*0 54*0] 50*0 54*5 05*0 05 0
74*0 74*0 72*0 78*0 79*0 79 0
91*0 loo*o 87*0
101*0
42*0 49*0 5o*0
58*0
71*5 74*5 71*0
81*0
93*0
98*0
42*0
57*0
74*0
78*0

82*0
49*0
00*0

9'M
55*0
75*0

93*0 93*0 93*0
40*0 54*0 58*0
71*0 70*0 75*5

A R K A N S ’8

Uttle Rock.—

88*0 81*0 79*0
25*0 23*0 25*0
00*4 54*3 52*0

94*0 93*0 97*0
57*0 00*0 09;O
75*0 81*0 82*0

June.

90*C 93 0 87*0
40*0 37*0 38*0
01*0 08*0 07*0

97*0 93*0 94*0
49*C 59*C 58*0
75*0 74*0 70*3

90*0 90*0 90*0
50*0 03*0 05 0
77*0 79*0 78*0

May■

82*0 88*0 83*0
20*0 19*0 18*0
51*0 54*0 61*0

L'.lanH—

1894- 1893. 1892.

April

1394. 1893. 1893. 1894. 1893. 1892. 1894. 1893. Lötiü. 1894. 1893. 189*2.

M I8 S I3 S ’P I.
lolumbus.—
H ig h e s t...
L o w est ...
A v e r a g e ..
V uCK8 U a—
H g h e s t...
‘«owe t ...
V. » m e ...

93*0 90*0 93*0
4«*0 49*1 40*0
69 0 00*0 07*0

L o w est.’. ..
A verag e...
Florence—
H ig h e s t... 81*0
L o w e s t.... 19*0
. ^.Y?rasre-.. 55*0
LO U IS’N a

H ig h e s t....
L o w e s t. . . .
, A v erag e...
Liberty H ill—
H ig h est....
L o w est__
„A verage..
Lhewuville—
H ig h e st....
L o w e s t. . .
_ A v erag e...

1894. 1893. 1892

March.

Thermometer

80*0 87*0 83*0
37*(, 40*0 33*0
50*0 00*0 58*0

H ig h e s t..
L o w e s t....
„ A v e ra g e ...
Jyewton—
H ig h e s t...
L o w est__
A verage. .
Bwyningham

H ig h e s t...
L o w e s t....
^ A v e r a g e ...
«wireveport.—
H ig h e s t...
L o w e s t....
-A v eraere ...

May.

159

98*0 94*8 97*0

78*5 76*0 77*7

9i*0 98*0*
54*0 oo'O
74 9 78*7

TEXA S.

Salveston.—

84*f

87*0 90*0 91*0
04*0 70*0 01-0
75*0 80-4 79*0

H ig h e s t....
L o w e s t...
A v erag e..
Palestine.—
H ig h e s t...
L o w e s t....
A v e r a g e ...

70*0 78*0 72-0
38*0 39*0 32-0
03*2 01*8 58-0

80*0 80*0 79*0
58-0 53-0 51*0
71*8 71*2 09*2

8 5 0 82*0 84*0
27*0 25*0 22*0
80*0 68*0 51*0

89-0 92*0 86-0
43*0 42-0 44*0
70*0 70*0 08*0

H ig h e s t....
L o w e s t...
A v erag e...

83*0 82*0
32*0 23-0
59*6 55*0

4f0

H ig h e s t... 92*0 90*0 89*0
L o w e s t.... 24*0 2)*0 18*0
A v e r a g e ... 58*0 50*0 51*0

95*0 97*0 92*0
47*0 40*0 89*0
08*0 09*8 00*8

99*0 107*0 100*0 101*0 104*0 100*0
51'0 42*0 48*0 55*0 0j*O 48*0
74-0 72*4 72*7 78 0 80*0 79*8

H ig h e s t...
L o w e s t....
A v e ra g e ...
Huntsville.—
H ig h e s t...
L o w e s t.. . .
A v e r a g e ...

93*0 80*0 87*0
32*0 35*0 23*0
05"o 02*2

99*0 97*0 98*0
43*0 48*0 48*0
74*0 74*3 73*8

94*0 95*0 98*0
52*0 51*0 50*0
77*3 70*0 78*2

97*0 9S*0
05*0 54*0

83*5 80*0 82*0
29*5 85*0 29*0
01*9 55*9 57*2

90*0 90*5 81*0
44*0 43*5 43*0
71*3 72*0 70*2

92*5 94*0 92*0
50*0 52*0 44*0
75*7 75*4 74 *5

98*0 95*0 95*0
82*0 54*0
79*1 79*3

H ig h e s t....
L ow est ...
A v e ra g e .
Arlington—
H ig h e s t....
L o w e s t....
A v e ra g e ...

85*0
28*0
59*1

85*0
20*0

92*0 85*0 91*0
47*0 41*5 41*0

98*0 95*0 95*5 101*0 100*0 10l*0
48*0 48*5 42*0 54*0 59*5 53*0
75*8 74*1 74*0 80*0 80*0 80*0

91*0 88*0 85*0
27*0 19*0 21*0
5s*0 54*2 51*o

92*0 93*0 93*0
43*0 36*0 42*0
07*u 70*8 62*0

90*0 98*0 98*0
43*0 45*0 42*0
72*0 72*0 03*0

99*0 93*0 95*0*
72*0 58*0 52*0
84*0 79*0 73*5

IN D IA N T.
Oklahama—
H ig h e s t.... 83*0 84*0 82*0
L o w e s t.. . . 19*0 9*0 9*0
A v e ra g e . . 52*3 50-ci 44*8

85*( 95*0 93*0
33*< 34*0 31*0
03 9 02 4 59*2

89*0 83*0 91*2
4 0 0 38*0 41 0
03*2 85*4 00*o

97*5 101*0 93*0
48*0 52*0 49*1
75*4 78*2 75*0

lusiin.—

Abilene.—

San Antonio.

Longview—

Rainfall.

77*0 75*8 75*0
92 0 92*0 91*0
50*0 43*0 43*0
74*0 72'0 72-0

90*0

98*0

09*0

74*4

51*6 09*0 87*7 03*3

March.

02-0 59*0 54*0

April

1894. 1893. ia»3. 1891. 1893.

92*0
45*0
74*0

62*0

May

98-0 90*0 95*0
5i*0 80*0 52*0
78-0 78*9 78*0
97*0 98*0
58*0 73*5
78*0 75*0

81*0

82*0

June.

1894. 1893. 1802. 1894; 1893. 1892.

V IR G IN IA .

Norfolk.—

R a in fall, Id 2*94 3*32 3*01
13
14
D ay s ra in .. 13

2*11 2*07 0*80
14
12
15

3*47 0*79 3*70
11
11
8

3*30 8*38 4*83.
8
13
8

N. C A R ’NA

Wilmingt’n -

93*0
04*0
83*0

R a in fa ll,in
D ays r a in ..

2*27 2*40 2*09
la
10
15

0*78 1*02 1*13
10
!1
8

4*80 5*01 1*01
15
10
9

3*00 5*58 0*13
11
13
22

R a in fa ll,in
D ay s rain ..

2*13 2*23 2*62
9
5
13

2*79 0*96 4*33
10
9
9

4*13 3*21 3*57
11
11
8

2*00 5*50 5*12
9
19
13

R ain fall,in
D ays ra in ..

1*04 1*74 4*05
11
9
8

2*43 1*04 3*50
11
9
8

2*27 4*23 2*23
10
10

3*08 5*43 5*51
,u
14
10

R ainfali.iD
D ays ra in ..

Weldon.—

89*0
34*0
02*0

91*0
42*0
08*0

99V.
42*0
70*0

85*0 84*0 84*0
ÒÌJ*0 55*0 51*0
71*0 72*0 09*0

90*0 90*0 88*0
00*0 55*0
75*3 70*0 74*0

67*4 94*0 92*0
04*2 09 0 04*0
73*2 80*0 78*9

Raleigh—

2*14 1*59 3*29
n
13
13

1*74 1*40 5*57
9
a
8

7*51 5*30 3*10
L5
13
10

1*75, 4*15 4*84
11
10
7

82*0 83*0 83*0
30*0 2S*0 22*0
5 9 8 50*0 52*0

88*0 87*0 88*0 92*0 92*0 920
48*0 42*0 45-OJ 51*0 50*0 46*0
08*4 09*0 05*3 71*0 73*0 71*6

98*0 95*0 90*0
50*0 0*3*0 57*0
78*0 79*0 79*2

R ainfali.iD 0*85 1*16 3*50
D ays r a in
0
11
7
3. C A R O L ’A

2*15 3*70 4*05
8
11
7

3*10 3*97 4*22
7
9
9

2*70 7*14 8*00
10
11
7

82*0 80*0 81*0
35*0 34*0 29*5
84*2 00*7 501

80*0 87*0 84*5
53*0 48*0 49*0
72*0 72*3 70*0

91*0 90*0 88*9
49*0 57*0 4T-8
09*6 74*0 73*8

97*0 94*0 93*0
53*0 07*0 57*0
77*4 79*5 77*9

3tateburg—

83*0 88*0 87*0
22*0 21*0 19*0
55*0 54*5 52*0

91*0 92*0 93*0
401*0 39*0 40*0
00*0 05*0 60*0

93*0 93*0 95*0 101*0 100*0 102*0
43*0 40*0 42*0 52*0 57*0 51*0
03*0 71*0 77*0 7d*0 79*0 79 0

81*0 83*0
83*0 33*0 20*0
81*3 55*4

89*0 89*0 86*0
45*0 48*0 44*0
09*0 72*0 05*0

93*0 91*0 9*3*01 97*0
44*0 53*0 52*01 52*0
68*0 720 74 0 1 70*11

82*0 79*0 78*0
32*0 31*0 31*0
03*0 01*0 59*0




Charlotte—

96*0
50 0
80*0

Horganton.-

Charleston—
R ain fall,in
D ays rain .

1*78 3*07 2*84
9
14
7

0*53 1*10 0*31
10
9
7

3*47 3*36 3*03
21
13
7

3*38 16*50 10*3217
20
13

R ain fall,in
D ays rain ..

2*52 1*33 3*83
«
9
7

1*4*2 0*05 ISO
4
6
7

1*40 3*91 2*90
5
10
10

1*33 7*27 5*91
0
15
11

R ainfaU .in
D ays ra in ..

2*09 1*20 3*78
11
8
8

1*37 0*47 1*43
4
0
0

1*09 3*79 2*59
10
10
0

2*83 8*53 3*12
13
10
14

R ainfaU .in
D ay s rain ..

1*00 1*03 4*7(1
9
13
5

2*4*2 1*83
0
5

2*89 4*40 1*88
10
12
4

3*27 6*07 9*1818
4
10

Columbia.—
Evergreen—

160

THE CHRONICLE
March.

Rainfall.

April.

May.

June.

1894. 1893. 1892. 1894. 1893. 1892. 1894. 1893. 1892. 1894. 1893. 1892.
G E O R G IA .

Augusta —

R a in fa ll,in
D ay s ra in ..

2-04 2*81 4*55
6
10
10

2*17 0*97 1*34
9
3
0

3*49 3*22 2*95
11
7
10

9*12 7*71 4*83
12
15
15

R a in fa ll.in 2-98 2*43 5*71
D ay s ra in .. 11
12
10

3*00 2*48 4*75
9
11
8

1*49 4*40 1*37
12
9
0

1*29 4*05 4*05
0
15
13

R a in fa ll,in
D av s ra in ..

0*04 2*20 0*1
0
3
0

5*03 2*22 2*17
14
0
11

2*97 8*50 0*00
11
14
15

181 2*84 0*51
4
3
3

2*00 1*31 2*52
4
5
I

4*55 0*09 1*52
0
11
7

7*80
8

4*70 0*90
10
3

3*74 5*85
3
10

1*80 4*30 0*55
5
0
3

3*36 0*24 2*70
10
0
5

2*21 0*79 5*55
4
12
9

Atlanta.—

Savannah.—
Columbus.—

2-81 3*87 4*13
11
8
7

R a in fa ll.in 3-21 3*22 9*03
D ay s r a i n ..
5
0
7

Rome.—

R a in fa ll,in
D ay s ra in ..

pai
3

4*40
9

Forsyth.—

R a in fa ll.in 8-71 2*51 10*08
D a y s ra in ..
7
7
8
F L O R ID A .

JacksonvilleR a in fa ll.in
D a y s ra in ..
T a m p a.—
R a in fa ll.in
D ay s ra in ..

3-12 8*90 0*70
15
7
9

0*88 2*07 0*11
4
3
2

1*49 4*18 1*34
11
5
9

4*93 4*00 0*38
12
13
19

1-71 0*57 1*58
10
0
6

1*30 1*34 0*31
4
7
3

0*92 2*07 3*03
«
10
10

9*15 10*89 12*41
19
21
27

R a in fa ll.in 0-64 3*83 1*30
D ay s r a i n ..
14
4
7

0*17 1*72 1*08
4
2
*
3*55 5*70 0*85
7
2
3

0*93 3*80 3*80
8
10
11

4*49 0*07 8*70
13
10
IS

2*08 4*27 1*02
4
5
4

1*28 3*95 7*75
8
7
14

Zitusville—

laUahassee—

R a in fa ll.in
D ays ra in ..
ALABAM A.

4-45 0*87 T40
12
7
5

R a in fa ll.in
D ay s ra in ..

4-88 2*89 11*89
14
8
8

3*49 4*18 T14
13
8
9

2*50 0'9fl 2*50
11
8
10

2*45 3*08 8*83
7 . 13
13

R a in fa ll.in 11*51 3*97 S’52
D ay s ra in .. 14
15
9

1*98 3*72 3*10
12
10
15

1*44 0*04 1*49
14
11
7

1*84 0*03 4*09
15
20
10

3*35 2*10
3
4

2*08 8*31 2*71
9
0
9

4*20
13

Montgom’v.—
Mobile.—
Selma—

•R a in fa ll.in
D a y s ra in ..

0*82 10*80
8
7

Newton—

R a in fa ll.in
D ays ra in ..

5*21
7

5*92
6

4*82
5

R a in fa ll.in
D ays ra in ..

4*48
5

3*27
0

2*80
4

Birmingham
Florence—

[Vol, LIX.

T h e JhiX PO R TS o f ( J o t t o n from New York this week show an
increase compared with last week, the total reaching 11,200
bales, against 5,658 bales last week. Below we give our
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1,1893, and in the last
column the total for the same period of the previous year.
BXPORTSOF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1 , 1 8 9 3 .

Week E n din g—
Exported, to—

Ju ly

6.

L iverp ool...................
Other B ritish ports..

J u ly

13.

Ju ly

20.

Ju ly

27.

Same
p e rio d
p revio u s
year.

Total
since
Sept. 1.

3,890 6,126
312 2,170
2,026 3,372 2,778
112

346,333
129,351

376,064
86,273

T ot . to Gt . B rit ’n. 5,916 9,498 3,090 2,282

475,684

462,337

513

85

19,108
225

31,875

513

85

Havre...........................
Other French p orts..

Total F rench . .. .
Bremen . . . . . . . . . . . . . .
H am burg........ ............
Other ports.............. .

...... .....

400

370

400

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

370

19,333

31,875

1,111 2,666 1,099 1,950
936
352
494 1,129
269 1,161
575

55,872
27,479
89,700

47,390
25,738
73,247

T ot .to No .E urope 2,316 4,179 2,168 3,079

173,051

146,375

Spain, Ita ly , &c.........
All o th e r . . . . . . . . . . . . .

4,701
950

67,041
5,191

45,808
1,962

Spain , &g ..

5.651

850

.....

5,469
.........

5,469

72,232

47,770

Grand T otal __ 14,396 14,612 5,658 11,200

740,300

688,357

Total

850

SHIPPING) N ew s . —The exports of cotton from the United
States the past week, as per latest mail returns, have reached
14,219 bales.
Total bales.

New York —To Liverpool, per steamers Cevic, l,6 5 9 ....8 e rv ia ,

R a in fa ll.in
D ay s ra in ..

5*94 3*49 2*82
13
9
8

4*71 3*70 10*44. T79 2*00 2*02
7
a
8
5
9
13

R a in fa ll.in
D ay s ra in ..

8*04 2*68 2*57
8
12
8

4*03 3*13 9*07
13
5
13

R a in fa ll.in 8*68 3*83 4*72
D a y s ra in ..
5
7
7

4*83 2*12 3*44
5
3
4

1*92 8*08 3*88
4
0
3

R a in fa ll.in 8*93 4*11 4*80
D ays ra in ..
9
7
6

4*24 4*85 7*90
8
5
13

5*17 5*44 2*15
7
10
5

511 .................................................
1*01
To Hull, per steam er Galileo, 112. .. ............................ .........
5
To H avre, per steam ers Guildhall, 2 3 4 __ La Touraine, 136
To Bremen, per steamers Em s, 1 0 0 ___Willehad, 1 ,8 5 0 ........
To Hamburg, per steamers Rhaetia, 580 ...Sorrento, 5 4 9 ..
5*19 5*32 5*40
14
12
To Genoa, per steamers Fulda, 7 5 6 __ Plata, 1 ,0 6 5 ....V ic ­
17,
toria, 2,850_________
2*25 7*45 4*05
To
Naples, per steam er Geliert, 798 .......................................
8
10
8
B o s t o n — To Liverpool, per steam er Roman, 293............................
To
Windsor,
per schooner Josephine, 3 8 .....................................
2*33 7*40 10*59
B a l t i m o r e —To Bremen, per steam er Darm stadt, 1,458 ____ _
8
7
10
P h i l a d e l p h i a —To Antwerp, per steamer Switzerland, 109.......
3*38 0*44 2 94 San F rancisco —To Hamburg, per hark Philip Nelson, 4 6 . . . . . .
11
8
5
To Japan, per steamer China, 1,075 ....................................

R a in fa ll,in 6*34 1*54 11*09
D a y s ra in ..
9
8
9
M IS S IS ’P I .

2*95 3*15 5*84
0
5
10

3*74
5

2*02
10

R a in fa ll.in 5*59
D ays ra in ..
9
L O U IS ’A N A

2*73
7

2*00
0

New Orleans-

Shreveport.—
Grd. Coteau-

LibertyHill—
Oheneyville—

1*84 4*50 2*35
9
5
12

9

2*41
3

0*51
13

Columbus.—

R a in fa ll.in
D ay s ra in ..

5*98 3*00 0*90
9
0
9

4*05 3*22 9*14
0
7
9

2*00 4*40 3*87
5
9
7

R a in fa ll.in 6*27 3*91 0*97
D ay s ra in .. 15
11
11

4*02 3*05 0*70
9
7
14

0*71 9*57 0*49
13
14
8

R a in fa ll.in 9*72 2*14 3*92, 4*02 9*00 11*47
D a y s ra in ..
9
5
8
8
9 11
Olarksdale—
R a in fa ll,in 7*50 1*08 1*20 3*77 8*97 5*11
D ay s r a in .
0
3
7
5
13
4
¡Brookaven—
R a in fa ll.in 5*40 3*12 8*00 5*71 3*40 0*70
D ay s ra in .. 11
9
8
10
9
5
Kosciusko—
R a in fa ll.in 5*50 0*41 5*90 1*79 1*57 12*30
D ay s ra in ..
0
3
7
2
10
2
WaynesboroR a in fa ll.in 0*85 2*07, 8*10 2*30
3*84
D ay s ra in ..
0
0
5
4
A R K ’(NBAB.

0*54 9*11 3*87
4
0
8

Vicksburg.—
Leland—

0*71 3*03 3*35
0
4
0

1*72 9*01 3*25
4
0
8
4*91 11*28 2*07
0
4
7

0*78
0

1*40 5*98 1*10
2
3
8

5*38 3*10 0*40
<?
3
0

4*81 8*40 2*41
0
4
4

1*07 5*72 0*39
4
7
20

Little Rock.-

R a in fa ll.in
D ay s ra in ,.

9*08 4*47 2*55
10
9
9

4*19 5*80 7*53
12
10
12

381 13*25 9*02
8
10
14

0*20 4*70 2*48
10
4
10

R a in fa ll.in 10*00 3*73 4*48
D ay s ra in ..
8
5
7
F it Smith—
R ain fall.in 6*82 2*28 2*71
D ays ra in . 10
0
It
Camden—
R a in fa ll.in 11*87 4*41 4*05
D ay s rain .. 11
5
4
Corning—
R a in fa ll.in 0*01 2*89 2*27j
D ay s r a in ..
9
8
5
T B N N E a ’iu.

7*92 9*08 8*12
10
8
14

1*77 10*08 4*23
12
10
10

1*13 0*95 0*37
4
10
10

0*50 7*89 4*91
13
11
5

2*53 7*61 10*59
9
20
12

1*20 4*02 5*00
7
12
11

7*77 7*57 8*05
11
7
9

1*58 7*81 0*53
7
1
10

0*55 10*24 0*01
1
8
8

Helena—

2*00 10*21 7*23
9
9
5

Nashville.—

R a in fa ll.in
D ay s ra in ..

2*09 3*37 4*10
9
10
12

4*05 4*11 7*45
9
11
15

R a in fa ll.in 10*90 1*95 4*05
D ay s ra in .. 12
8
9
Ashwood—
R a in fa ll.in 3*53 3*18 5*15
D a y s ra in ..
7
6
10
Wier—
R a in fa ll.in 4*10 2*89 4*00
D a y s ra in ..
5
7
8
TEXAS.

8*45 5*48 8*20
11
9
14

Memphis.—

4*5s' 7*52 11*13
12
5
10
3*08 3*47 7*30
4
9
10

Galveston.—

Total..................................................................................................... 14,219

Bremen
Genoa Nova
L iver<&Ham- Ant- and Saotia <£.
pool. Hull. Havre, burg. werp. Naples. Japan.
New York. 2,170
112
370 3,079 . . . . . . 5,469 .........
0*33 8*18 2*80 Boston.......
293 ................................................................
38
2
12
Baltimore............................................ 1,458 .....................................
Philadel’a................
.....................................
109
.......................
4*04 3*00
San F ran .............................................
46 ....................... 1,075
0
13
0*09
15

4,671
798
293
38
1,458
109
46
1,075

The particulars of these shipments, arranged in our usual
form, ¿re as follows:

0*91 4*84 3*71
8
12
10

8

2,170
112
370
1,950
1,129

T o ta l.__

2,463

112

370 4,583

109 5,469 1,113

Total.
11,200
331
1,458
109
1,121
14,219

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
N e w O r l e a n s —T o Liverpool—July 23—Steamer Costa Rican, 4,365.
C h a r l e s t o n T o Warberg—July 2 A—Bark G iovanni Battista, 1,450.
B o s t o n — To L iverp ool-Ju ly 20—Steamers Pavonia, 2; Sachem, 1.

To H alifax—July 26—Steamer Olivette, 25.

P h i l a d e l p h i a —To Antwerp—July 13—Steamer Switzerland (addition­

al), 120.

Ootton. freights the past week have been as follows:
Satur.

Mon.

Tues.

Wednes. T h u n .

Fri.

Liverpool, steam .d 91S8®564 9128®564
564
564
B64
584
....
....
....
....
....
Manches’r, s’t ’m.d.
....
8*07 0*35 9*30 1*40 3*84 2*18
Havre,
steam
...d
.
25t
25t
251
25t
25t
25t
13
5
9
10
13
7
Do
s p o t....... d.
20t
20t
20t
201
201
20t
25t
25t
25t
251
25t
251
2*53 7*31 4*03 3*55 4*74 5*01 Bremen, steam ., d.
12
14
9
10
12
12
....
....
....
....
....
....
Do
la t e r ... d.
5*70 13*34 7*40 2*00 2*39 4*00 Hamburg, steam d.
*9
*9
*8
13
12
15
7
10
....
....
....
....
Do
later..d.
....
....
1*59 8*28 0*05 3*81 5*00 «*87 Ams’dam, steam.c.
25t
251
25t
25t
25t
251
a
0
12
9
7
10
Reval, via H ull.d.
“ e4
1164
“ 64
“ 64
“ 84
“ 64
2*69 8*59 5*28
2*01 5*41
Do v. Hamb d.
310
3ie
316
S16
316
316
9
8
10
5
10
B’loua, d irect.. .d.
816
3ie
S18
316
316
31S
1*00 2*98 0*38 9*89 7*54 4*20 Genoa, ste a m ...d. a64'®&32 964®532 964®532 964®532 964®532 984®632
2
Do v.M’s’l’Sj&c.d.
9
10
8
281
28t
4
28t
281
281
28t 12
3ie
316
316
3ie
316
s16
1*83 4*90 4*18 4*03 5*35 9*77 Trieste, v.Genoa.d.
7
12
10
9
Antwerp, steam ,d.
7
3S9
3S9
*84
764
t Cents n et per 100 lbs.
3*85
1*83 4*37
2*95

R a in fa ll.in
D ay s ra in ..

1*90 0*88 1*45
14
8
11

1*42 5*70 1*14
0
7
7

R a in fa ll.in
D ay s ra in ..

4*59 3*07 4*70
10
9
8

0*47 3*37 4*80
4
12
10

R a in fa ll.in
D ay s rain ..

0*29 1*92
3
4

0*10
1

R a in fa ll.in
D ay s ra in ..

1*00 0*00 2*59
7
1
10

1*23 0*28 1*08
2
7
5

6*49 5*70 0*12
0
0
0

3*30 0*98 1*34
8
3
0

R a in fa ll.in 0*80 2*14 1*75
D ays ra in ..
4
8
9
R a in fa ll,in 4*35 1*20 2*49
D ay s ra in ..
0
2
10
Longview—
R a in fa ll.in 7*07
4*00
D a y s ra in .. 14
7
Arlington—
R a in fa ll.in 5*20 3*92 4*27
D a y s ra in ..
7
4
10
IN D IA N T.

2*05 2*18 0*10
0
9
3

1*14 3*30 0*89
4
5
0

1*90 3*83
9
0

2*45 2*15 2*91
4
5
7

T0O 4*74 2*97
11
3
5

3*82
7

4*25 2*79 3*74
4
11
12

1*24 6*07 3*97
7
9
7

2*02
5

5*40 1*08 2*75
4
7.
0

2*31 7*01 5*28 1*45
4
0
0
6 !

2*82 3*12 1*33
11
8
12

1*87 1*53 11*90
10
12
14

48.000
50.000
44.000
51.000
9*93 10*82 Sales of the w eek............bales.
Of which exporters t o o k ....
1,800
2,100
2,300
2,000
9
10
Of which speculators t o o k ..
800
200
500
2*04 6*77 Sales Am erican____________
41.000
45.000
37.000
45.000
7
8
11.000
Actual exp ort___________. . . . .
10.000
8,000
8,000
Forwarded.................... ..............
64.000
54.000
51.000
53.000
2*00 4*07
Total
stock—Estim
ated............
1.373.000 1.331.000 1.287.000 1.247.000
0
8
Of which American—Estim ’d 1.159.000 1.125.000 1.083.000 1.051.000
Total im port of the w eek .........
19.000
.22,000
15.000
20.000
1*00 2*48
Of which American________
12.000
17.000
5,000
14.000
5
o
Amount afloat..........................
35.000
36.000
42.000
45.000
Of w hich Am erican................
22.000
25.000
26.000
28.000

Palestine—
Austin—

Abilene.—

San Antonio.

Huntsville.—)

Oklahoma—

R a in fa ll.in

4*79 1*25 3*11
8
2
11

. t In a p p re c ia b le .




5

3

1

3*71
0

5

Liverpool .—By cable from Liverpool w e have the follow ing
statement of the w eek’s sales, stocks, &c., a t th at port:
J u ly 6.

J u ly 13.

J u ly 20. J u ly 27.

28,

JULY

THE CHRONICLE.

1894.]

161

The tone of the Liverpool market for spots and futures each stimulated by the continued dry weather at the West. The
day of the week ending July 27, and the daily closing prices spot market was firmer but dull. The sales included No. 2
of spot cotton, have been as follows:
mixed at 50%c. in store and yellow at 51^c. in store.
DAILY CLOSING PRICES OP NO. 2 M IXED CORN.

Spot.

S a tu r d a y M on d a y. T u e sd a y. W ednes. T h u rsd ’y . F r id a y .

Market. ?
1:45 F . M. ]

Q u iet.

M o d e ra te
dem and.

Mid.TJpl’ds.

31516

31516

Sales...... .
Spec. & exp.

6,000
300

8,000
300

Q u iet.

329S2
7,000
500

I n b u y e rs ’ H a r d e n ’g.
fa v o r.

328S2

3293a
10,000
500

12,000
800

Q u ie t.

3% ’
8,000
800

Sat.
July delivery....................c.
,c. 46%
A ugust d elivery.............o
.0 47%
September delivery........o.
,C. 46%
October d e liv e r y ..........c.
c............
November d elivery........c.
.0............
December delivery........c.
c. . . . .
May delivery....................c.
,c............

Mon.

48%
43%
48%
48%

__

45%
....

Tues.

48%
49
48%
48%
48
46%
....

Wed.

Thurs.

48%
48%
48%

49%
49%
48%

47
45
45

43
45%
45%

F r i.

50%
50%

49%
49%
48%
47%
47%

Oats for future delivery have been quiet, but the distant
months have made slight advances in sympathy with the im­
F utures.
S
te
a
d
y
a
t
S
te
a
d
y
a
t
S
tea
d
y
a
t
S
te
a
d
y
a
t
Q
u
ie
t
a
t
provement in corn ; the near-by deliveries have weakened a
Market, )
a rtia lly
2-64 d e ­
1-64 d e ­
1-64 a d ­ 1-64 @ 2-64
Q u iet.
1:45 p. M. j p1-64
trifle under expectations of increased supplies. The spot
dec.
c lin e .
c lin e .
vance.
d e c lin e .
market has been quiet and prices have declined in anticipation
Market, ? 8 te a d y .
B a re ly
B are ly
B
a
re
ly
of larger arrivals from the West. Yesterday the sales included
S te a d y .
S te a d y .
4 P . M. £
ste a d y .
s te a d y .
s te a d y .
No. 2 mixed at 40@40^c. in elevator and No. 2 white at 41%c.
The opening, highest, lowest and closing prices of futures in elevator. To-day the market was firmer in sympathy with
at Liverpool for each day are given below. Prices are on the rise in corn. The spot market was firm but quiet. The
the basis of Uplands, Low Middling clause, unless otherw se sales included No. 2 mixed at 40@40%c. in elevator and No.
2 white at 41@4l%c. in elevator.
stated:
H T The p rice» a r e g iv e n in pence a n d Qdths.

3 63-64d. a n d 4 01 m ea n s 4 l-64d.
B a t . , J u l y 21.

DAILY CLOSING PRICES OP NO. 2 M IXED OATS.

T hu s : 3 6 3 m eans

H o n , , J u l y 2 1.

Sat.
.0. 38%
,0. 32%

T u i n J u ly 2 d .

Mon.

39
33
32%
32%

C. 31%

.0. 32
OpenHigh Low. Clot. OpenHigh Low. Diet
A.
J u ly ..............
J u ly - A u g ...
A u g .-S e p t..
S e p t.-O c 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 55
3 55
3 553 56
3 57
3 57
3 58
3 59
3 61
3 62

d.
3 55
3 55
3 56
3 57
3 57
3 58
3 59
3 60
3 61
3 63

A.

A.

A.

A.

A.

A.

A.

A.

A.

A.

3 55
3 55
3 55
3 56
3 57
3 57
3 58
3 59
3 61
3 62

3 55
3 55
3 56
3 57
3 57
3 58
3 59
3 60
3 61
3 63

3 51
3 51
3 51
3 55
3 56
3 57
3 57
3 59
3 60
3 61

3 51
3 51
3 55
3 56
3 56
3 57
3 58
3 59
3 60
3 62

3 51
3 51
3 51
3 55
3 55
3 56
3 57
3 58
3 59
3 61

3 51
3 51
3 51
3 55
3 56
3 57
3 57
3 58
3 60
3 61

3 50
3 50
3 50
3 51
3 52
3 53
3 53
3 55
3 56
3 58

3 50
3 50
3 51
3 51
3 62
3 53
3 51
3 55
3 57
3 58

319
319
3 50
3 50
3 51
3 52
3 53
3 51
3 55
3 57

3 50
3 50
3 50
3 51
3 51
3 52
3 58
3 51
3 56
3 57

W e d ,, J u l y 2 5 .

J u ly .......... .
J u ly -A u g ...
A u g .-S e p t..
8 e p t.-O e 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.

OpenHigh Low. .Olos.

T h a n . , J u ly 2 6 .

F r i . , J u ly 2 7 .

Open Sigh Low. Cioè. Open High Low. Olos. Open High Low. Otoi,
d.
a.
a.
A.
A.
A.
A.
A.
A.
A.
A.
%
318
318
318
319
3 50
3 50
3 51
3 52
3 51
3 55

3 50
3 50
3 50
3 51
3 51
3 52
3 53
3 51
3 56
3 57

3 1 8 3 50
3 48 3 50
3 1 8 3 50
319 3 51
3 50 3 51
3 50 3 52
3 51 3 53
3 52 3 51
3 51 3 56
3 55 ' 3 57

3 50
3 50
3 50
3 51
3 52
3 53
3 51
3 55
3 56
3 58

3 51
3 51
3 51
3 52
3 53
3 53
3 51
3 55
3 57
3 58

3 50
3 50
3 50
3 51
3 52
3 53
3 53
3 55
3 56
3 58

3 50
3 50
3 50
3 51
3 52
3 53
3 51
3 55
3 57
3 58

318
318
3 48
3 49
3 50
3 51
3 52
3 53
3 55
3 56

3 50
3 50
3 60
3 51
3 52
3 53
3 54
3 55
3 57
3 58

3 48
3 48
3 48
319
850
3 51
3 52
3 53
3 55
3 561

3 50
3 50
3 50
3 51
3 52
3 53
3 51
3 55
3 57
3 58

B R E A D S T U F F S .

Tues.

39
32%
32%
32%

Wed.

38%
32%
32%
32%

Thurs.

38%
32%
32%
32%

The following are closing quotations:

F ri.

39

33%

32%
33%

FLOUR.

F in e.................. $ bbl. $1 75® $1 95 Patent, w in te r ..........$2 90® $3 30
Superfine..................... 1 80® 2 10 City m ills ex tra s.......
3 45
Extra, No. 2 . . . . . . . . . . 2 00® 2 25 Rye flour, superfine.. 2 65® 3 10
Extra, No. 1 ................ 2 20®
2 50 Buckwheat flour.................. ® . . . .
2 60 Corn m eal—Clears........................... 2 30®
S traights..................... 2 65®
3 50 Western, &e............ 2 50® 2 6 0
Patent, spring............ 3 50® 4 00
B randyw ine.......... .
2 80
[Wheat flour in sacks sells at prices below those for barrels.]
Wheat—
Spring, per bu sh ..
Red winter No. 2 ..
Red w in ter............
W hite......................
Oats—Mixed,per hu.
W hite......... ............
No. 2 m ixed ...........
No. 2 w h ite.............

c.
51 ®
54%®
50 ®
51 ®
40 ®
41 ®
40 ®
41 ®

GRAIN.

0.
65
55
58
58
41
55
41
42

Corn, per bush—
West’n m ix e d ......
No. 2 m ixed....... .
W estern y e llo w ...
Western White___
Rye—
Western, per hush.
State and J ersey ..
Barley—Vo.2 West’n
State 2-rowed.......
State 6-rowed.......

0.
50 ® 52
51%
51 ® 53
51 ® 53
___ ®
___®
___®
__ ®
.... ®

....

The movement of breadstuffs to market is indicated in the
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 21, 1894
and since August 1, for each of the last three years:
Receipts a t—

Flour.
W h ea t.
Corn.
Oats.
B arley.
R ye.
B b ls .im b s Rush.60 lbs B ush. 56 lbs Biish.SH lbs B u sh A 8 lbs B u .56 lbs.
C h ic a g o .......
50,995
298,907
995,010
820,087
8,650
9,200
M ilw aukee...
9,600
126,899
21,050 ■ 105,000
1,600
8,780
119,695
D u lu th .........
570,079
21,865
M inneapolis.
192,130
61130
T o led o...........
1,577
617,200
10,800
6,100
13,700
D e tro it..........
1,050
85,411
8,587
22,014
C le v e la n d ....
12,180
13,172
1,077
12,849
23,695 1,090,782
8 t. L o u is.......
468,240
185,855
5,188
P eo ria ...........
5,850
50.700
189,150
180.600
3,500
4,800
K an sas C ity.
65,805
621

F r i d a y , July 27, 1894.
The market for wheat flour during the week under revie w
has been exceedingly dull and stupid. Buyers have not shown
the slightest interest in the situation, and while quoted rates
have not been lowered to any extent, it has been intimated
that bids reasonably near quoted prices would not go begging.
Rye flour has been steadily held, owing to light supplies.
T o t.w k , ’94.
251,912 3,111,388 1,758,988 1,337,370
13,750
41,668
299,506 3,028,379 2,203,877 2,292,563
12,227
Trade has been quiet. Corn meal has been well held in sympa­ S am e w k ,’93.
13,365
Sam e w k ,’92.
302,014 1,231,230 1,192,580 2,265,689
100,979
12,241
thy with the advance in the grain. To-day the market for Sines A u g . 1.
wheat flour was dull and unchanged.
1893-94. ... 13,340,004 151.323,911 147,826,363 116,590,264 28,110,780 3,408,516
There has not been much animation to the speculative deal­ 1892-93. . . . 13,209,121 238,989,510 127,273,832 117,280,151 29,100,049 7,139,863
ings in wheat futures and prices have steadily declined under 1891-92....... 13,116,833] 226,607,930 123,615,8831109,706 8081 31,662,463 14,510,813
general selling, prompted by dull and depressed foreign ad­
The receipts of flour and grain at the seaboard ports for the
vances, an unexpected increase in the supply in sight and a week
ended July 21, 1894, follow:
continued heavy movement of the new crop. In the spot
F lo w ,
W heat,
Corn,
Oats,
Barley.
R ye.
m arket shippers have been less active buyers, but local millers Receipts a t—
bbls.
bush.
bush.
bush.
bush.
rk ................. 69,805 1,392,725
123,125
385,251
have shown more interest. Prices have declined with fu­ BN oewstoYn o................
17,600
36,646
71,520
151,287
tures. Yesterday the sales included No. 2 red winter at Ik e , M o n tre a l.................... 13,630 145,739
2,000
7,700
ila d e lp h ia ............
46,705
392,613
18,758
70,636
800
under September delivered and % c . under September f. o. b. BP ha ltim
o re ................... 54,131
510,016
71,291
11,739
1,742
afloat; No. 1 Northern at 8c. over September f. o. b. afloat R ic h m o n d ..................
800
9.070
12,601
2,218
N
ew
O
r
l
e
a
n
s
...........
15,795
96.798
41,967
57,168
.......
No. 2 Toledo at lc. under September delivered. To-day
the market was stronger during early ’Change, in sympathy
T o ta l w e e k ......... 237,512 2,548,96L
371,328
689.032
23,112
7,550
13,893
with the advance in corn, but later weak foreign advices W eek 1893................. 363,464 2,521,204 1,616,653 875,860
The total receipts at ports named in last table from Jan. 1
caused a decline. The spot market was quiet. The sales in­
cluded No. 2 red winter at ^ c . under September f. o. b. afloat to July 21 compare as follows for four years:
Receipts of—
1894.
1893.
and No. 2 soft Toledo at lc. under September delivered.
1892.
1891.
F lo u r.................. h b ls . 10,905,762
10,161,341

10,105,616

7,439,030

W h e a t ............... b u s h . 19,621,663
C o m ........................
33,514,197
O a t s . . . ....... ................... 19.794,734
B a r le y ............................ 1,781,104
R y e....................
169,601

44,454,649
29,574,521
25,223.289
2,667,796
757,704

54,879,771
64,092.595
30.140,071
3,062,483
2,751,950

24,057,897
23,229,812
18,885,142
1,821,781
357,821

T o ta l g r a i n ............ 74,831,299

102,677,959

154,926,870

68,362,453

DAILY CLOSING PRICES OP NO. 2 RED W INTER W HEAT.

Sat.

August delivery.............. o. 56%
September delivery.......o. 57%
October d e liv e r y .......c . 59
„„
December d eliv ery -....o . 61%
May d eliv ery ...............o ............
—

Mon.

54%
56%
....

60

Tues.
i

55%
56%
57%
60%
66

Wed.

55%
56%
57%
60%
64%

Thurs.

54%
55%
57%
59%
64%

F r i.

54%
56
57%
59%
64%

The exports from the several seaboard ports for the week
The speculative movement in Indian corn futures has been
fairly active and prices have scored a material advance. ending July 21, 1894, are shown in the annexed statement:
W h ea t.
Corn.
F lour.
Oats.
R ye.
Buying has been quite general, stimulated by reports of E x p o rts fr o m —
Pea s.
bush.
bush.
bush.
bbls.
bush.
bush .
serious damage to the growing crop by the continued drouth N ew Y o rk .................. 670,529 142,417
90,783
4,099
6,124
B o sto n ......................... 276,139
31,680
m the corn belt. In the spot market prices have advanced M
o n tr e a l................... 257,711
26,679
25,372
sharply with futures, but the higher costs have had a ten­ P h ila d e lp h ia ............ 1 14,050
15,180
o re................... 303,863
6
77,541
dency to check trade. Yesterday’s transactions included No. BN altim
ew O rle a n s .............................
3,078
1,049
^ mixed at 48%@49^c. in store, 50@50^c. delivered and N ew p o rt N e w s ......... 80,398 15,371
5,093
N
o
rfo
lk
.............
.
.............
l%c. over September f. o. b. afloat; also yellow at 50%c. P o r tla n d ...,.............. .............
* sto re and 53c. delivered. To-day the market was active
l w eek .
1,702,690
160,872
248.005
4,114
31,496
and higher on free buying by “shorts” to cover contracts, aTmoetatim
e 1893....... 2,868,627 1,346,572
270.324
371,868
9,083
66,920




r 162

THE CHRONICLE,

[VOL. L1X,

The destination of these exports for the week and since sional large purchases, resulting in a good busines«, with
»Sept. 1,1893, is as below. We add the totals for the corres- grades from 5%c. to 7J^c. showing best results. D vight
ponding periods of last year for comparison:
anchor 4-4 bleached and half bleached advanced to 7}^c.
-F lour.------- W heat.---------,
-C om .Lonsdale and a number of olher tickets will be advanced
E x p o rts fo r
W eek Since Sept,
W eek Since Sept.
W eek S ince Sept.
on August 1. Sales of brown sheetings show some improve­
w eek a n d since J u ly 21. 1,1893.
J u ly 21. 1, 1893.
J u ly 21. 1. 1893.
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
ment to converters, but jobbers are only moderate buyers.
U n ite d K in g d o m 146 637 7,700,661 1,321,558 26.676,810
16,877 27,411,413
■C ontinent............
20,58 L 1,3« 1^863
the Lawrence LL four301,13a 20.s97.90o
76,755 21,109,300 Prices continue irregular, but
S .& C . A m erica..
49,911 1,897,897
............
32,679
13.409
156,225 yard sheetings being sold
up at 4c. have been ad­
W e s t I n d ie s ........
23,>76 1,233,657
............
30,180
44,901
815,905
B rit. N . A. Col’s.
6,925
389,317
vanced
to
4:%c.
per
yard.
There
is a fair export de­
.............
141,756
O th e r c o u n trie s ..
775
38,894
155,154
8,930
121,968 mand for brown goods. Colored goods are in average
T o t a l ................
248,0 5 12.122.289 1,702,690 47,792,713
160,872 49.756.567 request for export, but the home trade is still buying in small
'T o ta l 1892-93__
270,324 12,618,928 2,865,627 84,551,516 1,346,573 34,259.773 lots as a rule, although denims, chiefly in 9-ounce blues, are
The visible supply of grain, comprising the stocks in granary selling rather more freely at steady prices. Wide shetings
at the princiDal points of accumulation at lake and seaboard are quiet, as are cotton flannels ; prices of the latter have been
ports, July 21, 1894, was as follows:
made public by agents this week unusually late, and are from
W heat,
C om ,
Oats,
B arley, 12 to 15 per cent under those of last year. In other direc­
Rye,
I n store a t—
hush.
b u sh .
bush.
bush.
bush.
tions staple goods are unaltered. Fancy cotton fabrics in
N ew Y o rk ..................... 8,857,000
602,000
598,000
17.000
Do
a flo a t..........
473,000
25.000
71.000
17.000
prints and giDghams are steady for leading makes. Fancy
A lb a n y .................................. .........
29.000
9,000
1,000
B u ffa lo ............ ............. 1,208,000
133,000
22.000
25.000
14,000 prints in black grounds are free sellers ; other styles and lines
Do
a flo a t............................
in about average demand. The print cloth market has ruled
•C h ic a g o ......................... 16,530,000
1,033,000
23,O
C
IÓ *99,000
’ii',000
Do
a f l o a t............................
steady on the basis of 2%c. for extras, but only a light busi­
M ilw a u k e e ...................
960,000
'*2,000
ness is reported passing,
Do
a f l o a t............................

D u l u t h .......................... 4,159,000
Do
a f l o a t............................
" T o le d o ............................ 1.371,000
D e t r o i t .......................... 807,000
116,000
O sw ego..........................
8 t. L o u is ...............
3,405,000
Do
a flo a t..............................
• C in c in n a ti.....................
1,000
B o s to n ............................ 19-.000
T o r o n t o ........................
66,000
M o n tre a l....................... 557,000
P h ila d e lp h ia ................ 398,000
84,000
P e o r ia ............................
In d ia n a p o lis ................ 199,000
K a n s a s C ity .................. 340,000
B a ltim o re ..................... 944,000
M in n eap o lis.................. 8,458,000
S t. P a u l ............................... ............
On. M ississippi R iv e r...................
rO n L a k e s ...................... 1,881,000
O n c a n a l a n d r iv e r ... 2,760,000
T o ta l J u ly
T o ta l J u ly
T o ta l J u ly
T o ta l J u ly
T o ta l J u ly

21,1894.53.772,000
14,1894.53.155.000
22, 1893.58,704,000
23,1892.23.068,000
25,1891.14,100,477

16,000
39.000
2,000

20.000
101,000

3.000
7.000

1,000
8,000

5.000
47.000
169.000
4* 7,000

52.000
83.000
4,000
14.000
167,000

12.000

2.000

* i»

14,000

2,000

47,000
7,000

26,000

” 2,000
8,000

4,000

*'2,000

55.000
552,000
75.000

95,010
108.000

3.649.000
3.934.000
7.601.000
6.857.000
3,035,876

1.372.000
1.745.000
2.168.000
5,310,000
1,770,535

208,000
196.000
282.000
215,000
266,866

92.000
90.000
377.000
433.000
74,741

5,500

126,545
14,298

T o ta l................................. 5,500

140,843

W eek. Since Jan. 1.

101
11

445
240
1,849
7
292
68

24
963
16
4,016
4,016

2,261
837
17,249
2,496
6,992
5,828
10,834
1,261
2,614
28,324
1,454
80,150
19,015
99,165

* ffroin New Enmana mill points direct
The value of the New York exports since Jan. 1 has been
$6j655,254 in 1894 against 14.714,981 in 1893.
The business in bleached cotton s has been the chief feature
of the week, a steady inflow of moderate orders, with occa­




19,010
11,247
7,577
13,773
3,729

T o ta l...............................
China, via Vancouver*,...

1.

PP
MMMC*00
CiCi
<1^ © M
coco M
MC* coo© c* m
257,638
131,402
224,848
i 107,250
64,128

W est Indies.........
Mexico..................
C entral America.
"South A m erica..,
O ther countries..

3,348
2,023
55,300
4,880
14,237
4,653
10,541
1,063
4,047
24,612
1,841

M anufactures of—
W ool ....................
C otton .................
811k.......................
F lax ......................
M iscellaneous .......

China.......

In d ia ................ .....
Arabia....................
A frica................... .

102
9
2,880
301
919
180
182
22
58
805
42

2
CO
M
©

55,336
548,625

W eek. S in c e J a n .

G reat B ritain ....,
•Other E uropean.

1893.

395,000

N o n e.

The importations and warehouse withdrawals of dry gooc s
at this port for the week ending July 26, and since Jan. 1,
1894, and for the corresponding periods of last year are as
follows:
H
S
s
£■ 32032
§bl* sM .HRiào
2
offaS-og
e f O Cl
O
0
g
•§:a et
8|

785,266
1,904,328

1894.

24.

None
N one.

I m p o r t a t i o n s a n d W a r e h o u s e W i t h d r a w a l s o f D r y Goods

12,689,594 1 603,9611

uly

1892.
J u l y 22.

159,000
236,000

o o lens.

T o ta l.................
E nt’dforoonsum pt

J

1893.
J u l y 21.

—There are reorders coming to hand
for heavy-weight woolens in more staple lines, such as noted
in previous reports, but the call is generally for small parcels,
even though buyers are met with evidence of light available
supplies and the prospect of scarcity of desirable heavy-weight
fabrics before the end of the season. The market even for
present season goods is affected by the tariff question, but the
full influence of this is seen in the position of business for
next spring. In an ordinary year a fair proportion of spring
orders would have been booked by the end of July ; this year
hardly anything has been done, and neither sellers nor buyers
show any disposition to make contracts until the outlook
Is clearer and there is something like a solid basis upon which
to make prices. Overcoatings and cloakings are without
material change, and in cotton-warp cassimeres, satinets and
other low-grade mixed goods sales are light. Woolen and
worsted dress goods in fair reorder request at steady prices.
Flannels and blankets quiet. Carpets dull.
F o r e ig n D r y G o o d s .— Only a limited amount of business
has been done in this department during the week. The
demand for seasonable merchandise is small and very few
new engagements are being made for fall in any line in face
of the disagreement over the tariff bill and renewed uncer­
tainty as to the outcome.
D om estic W

Total im p o rts. ......

N e w Y o r k , F r i d a y , P. M., July 27, 1894.
Signs of improvement in the demand for cotton goods
noted last week have been even more pronounced this week,
and a fair aggregate amount of business has been done. In
some measure this has been due to the impetus given to sales
•of bleached cottons by the low prices made in leading lines
last week and quoted in last report, but the general busines s
has shown an expansion also. It is not that individual buy­
ers are operating more freely in a general way but th at there
are more of them in the market than for some time past, at­
tending to urgent requirements. The tariff complications
are a restraining influence ever over business jn cotton goods, and with these out of the way it is
highly probable that the trade would proceed to provide
for fall needs with some amount of freedom. Reports
from different distributing centres are fairly encouragiDg> there being a steady movement of merchandise
from second hands, but replenishing is kept well within con­
servative bounds. Prices of staple cottons cm tinue irregular ,
but here and there a slight advance is recorded, following
special prices made to clean up stocks, and the market is not
easier to buy in than a week ago. Woolen goods continue in
an unsatisfactory condition, business for spring being prac­
tically arrested by the tariff situation, whilst for current re­
quirements it is on a light scale only. In all departments of
th e market reports concerning collections are favorable.
D o m e st ic C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending July 24 were 5,500
packages, valued at $250,825, iheir destination being to the
points specified in th^ table below
to

Held by Providence m anufacturers. 306,000
Fall River m anufacturers .................774,000

Total stock (pieces)....................1,080,000

63,000

THE DRY GOODS TRADE.

N ew York

1894.
J u l y 20.

S to c k o f P r i n t C lo th s —
3,000

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JULY 28, 1894.]

State

THE CHK0N1CLK

163

C ity DzfMtrmm,

rate. The total valuation of the city this year is $8,272,300,
against $7,977,000 last year, an increase of $295,300. The fol­
lowing statement giveg the assessed valuation and tax rate in
terms of subscription.
various years since 1880. The assessment is supposed to be
Commercial and Financial CIIROM1CLE con­
made at the rate of about one-half cash value.
tains 4 0 to 6 4 pages, published every week.
Personal Indebtedness Total Assessed Tax Rate
Real Estate. P roperty, to be deducted. V aluation, » er$ l,0 0 0
State and City Supplement of CHRONICLE con­ Years.
1 8 9 4 ....
$8,272,300
$28-80
tains 1 8 0 pages, published periodically.
189 3 ____
______
______
7.977.000
28-20
1
8
9
2
..
..
..$6,611,650
$921,650
$127,300
7.406.000
29-00
Investors’ Supplement of CHRONICLE (a Cyclo­ 1 8 9 1 .. .. ..6,082,600
773,200
137,800
6.710.000
26*80
paedia of Railroad Securities) contains 160 pages, published 1 8 9 0 .. .. ..5,950,000
782,000
137,920
6,594,780
27-00
1
8
8
7
..
..
..
4,917,300
732,700
92,050
5,557,950
27-40
every other month.
______• ■
1 8 8 0 .. .. ..3,919,700
529,100
............
21-00

anb

Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
which includes every issue of both S upplements .
Terms of Advertising—(P e r inch space.)
One t im e .................
$3 50 I Three Months (13 times) ..$ 2 5 00
One Month
(4 tim es).. 11 00 Six Months
(26 tim es).. 43 00
Two Months
(8 tim es).. 18 00 | Twelve Months (52 tim es).. 58 00
(The above term s ior one month and upward are for standing oards )

f i l e purpose of tills State and City Department
is to furnish our subscribers with a weekly addition to and
continuation of the S tate and City S upplement . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and tbe municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S tate and City S upplement to as near the current date as
possible. Hence if every Subscriber will note in his S upple 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.
N E W ASSESSMENTS AND APPROPRIATIONS.
We give below a number of statements showing the results
of recent assessments for taxation, the newly fixed tax rates
in many municipalities, and in a few cases the amount of the
appropriations made to meet the expenditures of the coming
year. For convenience of reference the statements are
arranged alphabetically.
E s s e x C o u n t y , N . J . —The total real and personal valuation
in Essex County is returned as $177,488,900. The amount of
the county tax fixed by the Board of Freeholders is $534,523 27, and the school tax is $485,295 87, making a total of
$1,019,819 14 to be raised.
H u d s o n C o u n t y , N. J.—The total assessed valuation of
property in Hudson County this year is reported as follows:
Real, $135,386,022; personal, $11,921,881; total, $147,307,903.
The county budget is $734,710 and the State school tax $390,582 27. The tax rate will be $5 on each $1,000, which is 30
cents less than year. The valuation figures for three years
are given below:
Tax rate
■Assessed Valuation.-------------------,
Years—
Real.
Personal.
Total.
» er$ l,0 0 0 .
1 8 9 4 -9 5 ......... $135,386,022
$11,921,881
$147,307,903
$5-00
1 8 9 3 -9 4 ......... 130,209,002
11,382,210
141,591,212
5-30
1 8 9 1 -9 2 ......... 123,387,636
10,107,418
133,495,054
5-60

P h i l a d e l p h i a , P a . —The board of revision of taxes in
Philadelphia has prepared a statement showing the total real
and personal property in the city subject to city tax for 1894
to be $769,930,542, of which $766,446,387 is real estate. The
real and personal estate for the year 1893 was $752,763,382,
showing an increase for this year of $17,167,160. The in­
crease for 1893 over the previous year was $17,068,610 ; in
1892 it was $21,793,930.
P it t s f ie l d , M a s s . —The assessors in Pittsfield have com­
pleted their work and the tax rate for this year is fixed at
$16 30 on $1,000 as against $16 80 for 1893 and 1892. The valu­
ation of the city has increased $91,231, being $12,206,985. The
assessors have increased valuations somewhat in the city
centre and correspondingly lowered the valuation of some
property on the outskirts, especially in farming lands, The
tax rate for this year includes: City tax rate, $11 64; county
rate, $1 20; State tax, $0 68, and special tax for debt and in­
terest, $3 28.

B o n d 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.
Alden, Minn.—Water-works bonds to the amount of $5,000
have been voted.
Aurora, 111.—Water-works extension bonds of this city to
the amount of $30,000 will soon be issued.
Beloit, Wis.—Refunding bonds of Beloit to the amount of
$10,000 have been voted.
Bradford, Penn.—(C h r o n ic l e , vol. 58, pages 914, 1002
and 1081.)—It is reported that an election will be held July
31 to vote on issuing $83,336 of improvement bonds.
Brunswick, Me.—(C h r o n ic l e , vol. 58, pages 692 and 1002.)
—Sewer bonds of Brunswick to the amount of $40,000 have
recently been sold at 101*2675. The loan is dated July 1, 1894,
bears interest at the rate of 4 per cent, and matures at the
rate of $1,000 yearly from July' 1, 1897, to July 1, 1936,
Interest is payable semi-annually, both principal and interest
being payable at Boston, Mass.
Canton, Ohio.—(C h r o n ic l e vol. 58, pages 953 and 1118, and
vol. 59, page 38.)—It is reported that $100,000 of court house
bonds of Canton were sold on July 12.
C entral Falls F ire D istrict, R. I.—Charles P. Moies, Dis­
trict Treasurer, writes the C h r o n ic l e , concerning $100,000 of
bonds recently offered for sale, that they were awarded to E.
H. Rollins & Sons, but the firm afterward refused to take
them, their attorneys having questioned the legality of the
issue. There will be a special meeting about August 1 for the
purpose of making them legal, after which the bonds will
probably be disposed of. The securities bear A% per cent in­
terest and are payable at the rate of $4,000 yearly from May
15, 1895, to May 15, 1919.
Cincinnati, Ohio.—(C h r o n ic l e , vol. 58, pages 1045 and
1118.)—Additional paving bonds of Cincinnati to the amount
of $200,000 were awarded on July 21 to the Ohio Valley
National Bank, of Cincinnati, for a premium of $3,522.
Other bids received were as follows:

J e r s e y C i t y , N . J .— Mayor Wanser signed the Jersey City
tax budget this week. The total amount as fixed is $2,889,064 26, but of the amount raised for schools the State refunds
$265,701 14, and also pays to the city $225,000, its share of the
railroad taxes, leaving $2,398,363 12 to be raised by taxes.
The Tax Commissioners have not yet fixed the rate of taxation,
but it will probably be $27 50, the same as for last year.
N e w a r k , N. J . —The following assessed valuation returns
Am ount bid.
were made from Newark: Real estate, $104,665,175 ; personal E. H. Rollins & Sons, B oston .........................................................$203,520
Rudolph K leybolte & Co., C incinnati......................................
203,305
property less indebtedness, $23,559,957; total, $128,225,132. A tlas National Bank, Cincinnati.................................................. 203,250
The loss on personal returns from last year is thought to Seasongood & Mayer, Cincinnati }
German National Bank, Cincinnati, >joint bid......................... 203,121-20
have been caused by the financial depression. The tax rate S. Kuhn & Sons, Cincinnati
)
Western
German Bank, jointly .w ith Rudolph Kleybolte
for Newark last year was $18 70 per $1,000, but the assessors
Co., C incinnati............................................................................. '..202,500
estimate that it may be increased to $19 50 this year, if the Market National Bank, C in cin n a ti................................... .........202,139*13
The loan bears interest at the rate of 4 per cent, payable
valuations of some of the townships in the county are not
at the American Exchange National Bank,
raised. The new figures are given in the table below, with semi-annually
New York City, and matures June 1, 1914, with an option of
corresponding returns for previous years :
call after June 1, 1904.
Total
Total
Clark County, Ind.—(C h r o n ic l e , vol. 58, page 1118.)—
•
Real
Personal
Assessed
Tax p e r
Years.
Estate.
Property.
Valuation.
$ 1, 000 .
Five per cent funding bonds of this county to the amount of
1 8 9 4 ............. $104,665,175
$23,559,957
$128.225,132
$120,000 were sold on July 11 at 103*4. The loan is dated
1893 ...........IB 97,665,790
25,964,764
123,630,554
18-70
1891 .............. 93,548,730
25,772,364
18-20 April 2, 1894, and matures at the rate of $10,000 yearly, be­
119,321,094
1 8 9 0 .............. 88,729,950
25,265,475
113,995,425
18-20 ginning June 1, 1897.
1 8 8 9 ........
82,011,340
20,193,264
102,204,604
Coleman, Texas.—Bonds of Coleman to the amount'of $151 8 8 0 .............. 65,733,315
17,631,095
83,364,410
000 have been voted for water-works.
O r a n g e , N. J .—The tax rate for the city of Orange has been
Columbia, Mo.—School bonds of Columbia to the amount
fixed at $28 80 per $1,000. The increase of 60 cents over last of $30,000 were voted last July and were to be issued in one
year’s rate ($28 20) is chiefly due to the increase in the county year. City Treasurer H. H, Banks now writes us that the elec-




L64

THE CHRONICLE,

[Vol. L1X,

tion was held to be illegal by the courts, and when voted on a July 21 for $75,000 of 4 per cent water bonds due April 1,
second time the proposition failed to carry. There will con­ 1924, is as follow s :
B id.
sequently be no bonds issued.
R. L. Day & Co............................................................................ $107-637
W. Harris & Co............................................... ............... >... 107-587
Croswell, Mich.—The people of Croswell will vote July 30 N.
Blodget, Merritt & Co................................................................. 107-545
on the proposition of issuing $9,000 of water-works bonds.
E. H. Rollins & Co.................. ...................................... ............fc 107-139
Lee, Higginson & Co ................. ■»..........'.................... ............. 107-112
Elizabeth, N. J .—(Chronicle, vol. 59, page 125.)—In refer­ Kidder,
Peabody & Co............................................................... 106-919
ence to $20,000 of bonds recently voted by the Council for the Third National Bank ................................................................. 106-500
erection of a new public school house, John C. Rankin, Jr., Brewster. Cobb & Estabrook.................................................. 106 400
Bros. & Co....................... ,..................................... . 106-210
Mayor, writes the Chronicle that there is some doubt about Lampreoht
Gay & Stanw ood...,.............. -................................................... 106-040
the issue being made. If issued the loan will probably bear Blake Brothers <&Co.................. .................... ......................... 105-550
interest at the rate of 5 per cent.
The loan was awarded to R. L. Day & Co. Interest w ill be
Elm Creek, Neb.—An election will be held in this township payable semi-annually on April 1 and October 1 at the City
on August 14 to vote on issuing 10-year bonds to the amount Treasurer’s office or at the National Revere Bank, Boston.
of $10,000.
Norwood, Ohio.—(Chronicle , vol. 58, pages 877, 916, 955,
F ullerton, Neb.—(Chronicle, vol 58, pages 566 and 744.)— 1004 and 1083, and vol. 59, pages 39 and 84).—Bids will be re­
Proposals will be received until August 9 for the purchase of ceived until July 30 by W. E. W ichgar, Village Clerk, for the
purchase of $1,441 50 of assessment bonds, dated June 21,1894,
$12,500 of water-works bonds.
Greenburgh, N. T.—Bonds of this town to the amount of and payable in equal instalm ents in from one to ten years,
$12,000 will probably be issued for the improvement of high­ the loan to bear interest at the rate of 6 per cent.
ways.
P aw tu ck et, R. I.—(Chronicle vol. 58, page 1004, and vol.
Greenfield, Mass.—(Chronicle, vol. 58, page 1046, and 59, page 84.)—Four per cent 40-year gold bonds to the amount
vol. 59, page 38.)—A 4 per cent loan of this town to the of $600,000 were awarded on July 21 to Messrs. Richardson &
amount of $12,000 will soon be issued, the loan to be payable Clark, of Providence, R. I., for a premium of $51 25 or a total
amount of $600,051 25. Three other bids were received as
within 20 years.
Hamilton County, O hio—(Chronicle, vol. 58, page 1119.) given below:
B id.
_It is reported that this county has sold bridge bonds to the
R. L. D ay & Co., B o s to n ............................................................................. 97Ss
amount of $14,000 for $14,212 50.
Blodget, Merritt & Co., B o s to n ................. ........................................... 98-14
Hillsboro, Ohio.—(Chronicle, vol. 59, page 126.)—Sealed E H. Rollins & Sons, B oston........................................ ..........................99-07
proposals will be received until August 15 by L. Ambrose,
Interest will be payable semi-annually, January and July, in
Village Clerk, for the purchase of $10,000 of water-works Boston. The securities are of the denomination of $1,000
bonds, dated September 1, 1894, and payable at the rate of each and are issued for the following purposes: General
$500 yearly from March 1, 1896, to 1898; $1,000 yearly from account, widening and opening of streets, $300,000; sewer
March 1,1899, to 1903; $1,500 on March 1, 1904, and $2,000 on loan, $175,000; water-works loan, $125,000. The bonds will
March 1, 1905. Interest at the rate of 5 per cent will be pay­ be ready for delivery on August 1, 1894.
able semi-annually.
P erkins County, Neb.—An election will be held in this
Houston, Texas.—(Chronicle, vol. 58, page 1119.)—It is county to vote on issuing $90,000 of bonds.
reported that $100,000 of public school bonds offered for sale
Rushford, Minn.—Water-works bonds to the amount of
July 12 have been disposed of at 102-5. The securities are
dated May 1, 1894, bear interest at the rate of 6 per cent per $10,000 have recently been voted.
Saginaw, Mich.—(Chronicle, vol. 59, pages 42, 84 and 127.)
annum and run thirty years. Both principal and interest
—Below is a list of the bids received on July 19 for $110,000
will be payable in gold in New York City.
Jam aica School D istrict, N. Y.—(Chronicle, vol. 59, page of street improvement bonds and $40,000 of sewer bonds.
Am ount bid.
84.)—One hundred thousand dollars of 4 per cent coupon E. H. Rollins & Son, Boston............ ............................................$154,605
bonds of this district were offered for sale on July 23, but the Cushman, Fisher & Co., B o s to n ................................................. 154,400 00
00
bonds not having been disposed of on that date the sale has Brewster, Cobb & Estabrook, B oston...................................... 154,269 00
National Bank. B oston............................ ......................... 154,162 50
been postponed until August 8. Only one bid was received Third
L Day & Co., B oston................................................................ 154,150 50
on July 23, that from the Jamaica Savings Bank offering to R.
Blake Bros. & Co., B oston .............................................. ............. 154,125 OO
take $50,000 of the $75,000 to be issued August 1, at par, which Lampreoht Bros. & Co., C lev ela n d ....................................... 153,917 00
Blodget, Merritt & Co., B oston ............................. .................... 1 5 3 ,8 0 1 0 0
was rejected.
& Co., T oledo................................................ .................... 153,568 00
Kalispell, Mont.—(Chronicle, vol. 58, page 692.)—Sewer Spitzer
Illinois Trust & Savings Bank, Chicago .............. i ........ ........ 153,525 50
bonds to the amount of $20,000 will be offered for sale at pub­ C. H White & Co., N ew York.................................................... 153,270 00
Farson, Leach & Co., Chicago............................... - ................ 153,150 OO
lic auction on July 30. The loan will bear interest at the rate W.
J. H ayes & Son, Cleveland.................................................... 153,150 00
of 6 per cent and will becomeadue in 20 years, with an option E. C.
Jones & Co., N ew York......*........................... .................. 152,415 00
Rudolph K leybolte, Cincinnati....................... .......................... 152,256 OO
of call in 10 years.
8.
A.
Kean,
Chicago....................................................................... 150,750 00
Lawrence, Mass.—(Chronicle , vol. 58, pages 1002 and
The bonds were awarded to E. H. Rollins & Son, of Boston,
1046, and vol. 59, page 126.)—One of the city officials reports
to the Chronicle that the proposition to issue 4 per cent M a s s . Both loans bear interest at the rate of 5 per cent and
bonds to the amount of $350,000 has been referred to the run from one to five years.
committee on finance.
Sangamon County, 111.—An election will soon be held in
Lima, Ohio.—Paving bonds of Lima to the amount of $30,000 this county to vote on issuing $75,000 of bonds.
have recently been sold at 104-3.
San Jacinto and Pleasant Yalley Irrig a tio n D istrict,
Lincoln, Neb.—An election will probably beheld at Lincoln Cal.—(Chronicle , vol. 58, page 957.)—Proposals will be re­
ceived until August 7 for the purchase of bonds of this district
to vote on issuing $100,000 of bonds.
Maquoketa, Iowa.—Sewerage bonds to the amount of $12,- to the amount of $130,250.
Schoolcraft, Mich.—Bonds will probably be issued for
500 are under consideration.
Medford, Mass.—(Chronicle , vol. 58, pages 565, 1082 and water-works.
St. Johns, Mich.—(Chronicle, vol. 58, pages 566, 745 and
1120.)—Sewer bonds of Medford to the amount of $40,000
878, and vol. 59, page 85.)—Ten thousand dollars of 5 per cent
have been authorized by the Council.
M illbnry, Mass.—Bonds of Millbury to the amount of sewer bonds offered for sale July 23 have been a wared to
Lucius A. Trowbridge of Chicago, 111., for $10,110. Eight
$30,000 have been authorized by the Council.
in all were received for the loan. The bonds will be
Monroe County, N. Y.—(Chronicle, vol. 59, page 84.)—Two bids
August 1,1894, and will mature at the rate of $2,000
hundred thousand dollars of 3% per cent county bonds dated dated
yearly
from October 1,1901, to October 1, 1905. Interest will
August 1, 1894, and payable at the rate of $50,000 yearly from be payable
semi-annually on April 1 ond October 1.
Feb. 1, 1904, to Feb. 1, 1907, were sold on July 17 to the
St. Paul, Minn.—(Chronicle , vol. 58, page 1048.)—Sealed
Greenwich Sayings Bank, New York, at 100*76. Five bids in
all were received for the loan. Interest will be payable semi­ bids will be received until August 18 by J. J. McCardy, City
Comptroller, for the purchase of 550 certificates of indebted­
annually on February 1 and August 1.
ness of the city of St. Paul of the denomination of $500 each,
Morris County, N. J .—(Chronicle , vol. 58, page 1083.)— issued
anticipation of the collection of taxes of 1894. They
The question of issuing bonds for macadamizing roads in this will beindated
August 15, 1894, and will become due August
county has recently been under discussion. It was proposed 15, 1895. Interest
at the rate of 6 per cent will be payable
that a loan of $1,000,000 should be created for this purpose. semi-annually. Bids
must state distinctly how much will be
The only outcome up to the present date is the adoption of a offered in dollars and
cents for each certificate over and
resolution requesting the Board of Chosen Freeholders to ex­ above par and accrued interest.
pend the sum of $25,000 during the coming year for new stone
Summit, N. J.—Bonds of this township to the amount of
roads.
have recently been sold to the Howard Savings Insti­
Mount Yernon, N. Y.—(Chronicle , vol. 58, page 1046.)— $100,000
of Newark at 102 1-16. The bonds become due at
Sealed proposals will be received until August 7 by the Com­ tution
mon Council of the city of Mount Yernon for the purchase of various times, the last payable in 10 years.
Sunbury, Pa.—Harry Landon, Town Clerk, writes the
$65,000 of tax-relief bonds, Interest will be payable semi-an­
nually at the rate of 5. per cent, and the bonds will become Chronicle that an election held July 17 to vote on issuing
due August 7, 1897. Both principal and interest will be pay­ $10,000 of bonds resulted almost unanimously in favor
able at the office of the City Treasurer. The bonds will be of the proposition. The Town Clerk also states that an offer
to take the bonds at 3% per cent has been accepted.
delivered to the purchasers on or before August 25, 1894.
Swarthmore, Pa.—(Chronicle , vol. 59, page 39.)—Borough
Newton, Mass.—(Chronicle vol. 58, pages 917, 955 and
1048, and vol. 59, page 126.)—A list of the bids received on Treasurer J. S. Kent writes the-Chronicle that on July 25th




THE CHRONICLE.

J u l y 2 8 , 1894.1

it was decided by vote that Swarthmore should borrow $16,000
for road and sewer purposes. The matter of determining the
nature of the securities to be issued was left to the Borough
Council and will be decided later.
Tampa, Fla.—The people of Tampa voted on July 14 in
favor of issuing $850,000 of sewer and bridge bonds.
Terrace Park, Ohio.—Sealed bids will be received until
August 16 by C. D. Crawford, Village Clerk, for the purchase
of $3,091 83 of sidewalk bonds. The loan will be dated Aug.
1, 1894, will bear interest at the rate of 6 per cent, payable
semi-annually, and will mature at the rate of $300 yearly
from August 1, 1895 to 1903, and $391 83 on August 1, 1904.
Wakefield, Mass.—Gas and electric-light bonds of this
town to the amount of $180,000 have been voted. The bonds
will be issued October 1, 1894, and will become due at the rate
of $3,000 yearly from 1895 to 1904; $6,000 yearly from 1905 to
1914, and $9,000 yearly from 1915 to 1924.
Wichita, Kan.—The people of Wichita will soon vote on
issuing $10,000 of bonds, the loan to bear interest at the rate
of 6 per cent and to run 10 years.
Wilkinsburg, Pa.—(C h r o n ic l e , vol. 58, pages, 566,917 and
1048.)—At an election held in Wilkinsburg on July 24 the
proposition to issue $100,000 of street-improvement bonds was
defeated.
Winston, N. C.—At an election to be held August 7 the
people of Winston will vote on issuing $100,000 of water­
works bonds and $60,000 of funding bonds.
PWooster, Ohio.—It is reported that this city has sold $14,400 of refunding bonds for $14,920.
Yonkers, N. Y.—(C h r o n ic l e , vol. 58, pages 694, 746, 957,
and vol. 59, p. 128.)—On July 23 the following bids were
received for $57,000 of 4 per cent registered school bonds of
the city of Yonkers.
Street. Wykes & Co....................................................................................108’H
B enw ell & E v e ritt............ ........................................ .......................... . 107’55
Quigley & T u ttle...................................... .................................................107
Parson, Leack & Co........................................ .............. .......................... 105'57
D. A. Moran & Co............................ ............ . . . . . . .................................1 0 5
People’s Savings B an k ........................................ ................................... 102-52

N E W LOANS.
PRO PO SA LS

FOR

$ 5 0 0 ,0 0 0

Interest on the loan will be payable semi-annually on April
1 and October 1. Two thousand dollars of the principal will
mature April 1, 1925, and the remainder at the rate of $5,000
yearly thereafter to April 1, 1936. The bonds will be dated
and delivered August 1, 1894. ,
t lYonngstown, Ohio.—(C h r o n ic l e , vol. 58, pages 694, 832
879, 917 and 1084, and vol. 59, page 39.)—Bids will be re­
ceived until August 13 by J, Howard Edsvards, City Clerk,
for the purchase of $14,000 of East Federal Street paving
bonds, due at the rate of $1,400 yearly from October 1,
1896, to October 1, 19u5, and $900 of Holmes and Spring streets
sewer bonds, due (part yearly) from October 1, 1895, to Octo­
ber 1, 1899. Both loans will bear interest at the rate of 6 per
cent, payable semi-annually, principal and interest to be pay­
able at the office of the City Treasurer. Bids must be for each
block of bonds separately, and the purchaser must be pre­
pared to take the bonds not later than August 14, 1894.

STATE AND CITY DEBT CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our S tate and City S upplement *
Some of these reports are w holly new and others cover item s
of information additional to those given in the S upplem ent ,
and of interest to investors.

Union County, Pa.—(C h r o n ic l e , vol. 58, page 1048.)—The
following statistics concerning the financial condition of
Union County have been sent to the C h r o n ic l e by D. P,
Higgins, Treasurer.
County seat is Lewisburg.
LOANS—
JP
T
iSifiî Due. County has no sinking fund.
B ridge B onds—1889-1894—
Tax valuation, real.__ $3,833,200
Tax valuation, personal 1,354,811
5s, M&S, $11 ,0 0 0 ....Sept. 1, 1895
4s, J&D, 36,000... .June 1, ’97-’05 Total valuation 1 8 9 4 ... 5,188,011
($4,000 due yearly.)
State ta x (per$ 1 ,00 0 )..
4-00
8'00
Int. payable at County Treasury. Co. ta x (per $1,000)___
Total debt July 2 4 ,1 8 9 4 ..$ 4 7 ,0 0 0 Population in 1890 w as....... 17,820

N E W LOANS.

N E W LOANS.

State of Massachusetts

Safe Investments.

G o ld 3 l - 2 s , 1 9 2 0 a n d 1 9 2 4 .

W ater Bonds of Portland, City of Detroit, Mich.
G o ld 4 s , N o v ., 1 9 2 4 .
Oregon.
Office of the water Committee of the l
City of P ortland. Ore., J u ly 18,1894. f
S ealed p ro p o sals w ill b e re c e iv e d a t th i s office
u n ti l M onday, A u g u st 6 th , 1894, a t 3 P . M., fo r th e
w h o le o r a n y p a r t o f tw o h u n d re d th o u s a n d d o llars
(1300,000) o f th e b o n d s o f said c ity in d e n o m in a ­
tio n s o f o n e th o u s a n d d o lla rs ($1,000) ea ch , d a te d
J u ly 1st. 1893, p ay a b le th i r ty (30) y e a rs fro m d a te
a n d h e a rin g I n te r e s t a t t h e r a t e o f five (5) p e r c e n t
p e r a n n u m , p a y a b le o n th e firs t d ay s o f J a n u a r y a n d
J u ly o f e a c h y e a r. P rin c ip a l a n d in t e r e s t p a y a b le
in U. S. g o ld co in a t t h e office o f t h e T re a s u re r o f
s a id city, said b o n d s to b e p aid fo r a n d d e liv e re d
to t h e p u rc h a s e r o n t h e fif te e n th d a y o f A u g u st,
1894, t h e b id d e r to p ay th e a c c ru e d in t e r e s t fro m
J u ly 1st, 1894, to d a te o f d e liv e ry in a d d itio n to th e
p ric e bid; also f o r p u rc h a s e o f th e w h o le o r a n y
p a r t o f th r e e h u n d re d th o u s a n d d o lla rs ($300,000) o f
t h e sam e serie s o f b o n d s, to b e p a id f o r a n d d e liv e r­
e d to t h e p u rc h a s e r o n th e f ifte e n th day o f S e p te m ­
b e r, 1894, t h e b id d e r to pay th e a c c ru e d in t e r e s t fro m
J u ly 1st, 1894, to d a te o f d e liv e ry in a d d itio n to th e
p ric e bid. T h e s e b o n d s a re is s u e d u n d e r a u th o rity
o f a n A c t o f th e L e g is la tiv e A ssem b ly o f O regon,
p a s s e d F e b ru a ry 10th, 1893. T h e p ro cee d s to be
u s e d f o r th e c o n s tru c tio n o f w a te r w o rk s a n d w ill
b e d e liv e re d w ith co u p o n s a tta c h e d f o r in t e r e s t
fro m J u ly 1st, 1894. T h e s u c c e s s fu l b id d e r w ill be
r e q u ire d to d e p o s it w ith in fo rty -e ig h t h o u rs a f t e r
t h e a w a rd o f t h e c o n tra c t a n ap p ro v e d ce rtifie d
c h e c k fo r five p e r c e n t o f th e p a r v a lu e o f th e
a m o u n t o f b o n d s bid fo r, p a y a b le a t P o rtla n d , O re­
g o n , to t h e o rd e r o f th e C lerk o f th e W a te r Com ­
m itte e o f th e C ity o f P o rtla n d , O regon, as liq u id a te d
d am ag es in ca se th e b id d e r s h o u ld fail o r n e g le c t to
ta k e a n d p ay f o r t h e b o n d s ac co rd in g to t h e te rm s
o f t h e p ro p o sal a n d t h e c o n tra c t. T h e r ig h t to
r e j e c t a n y o r all b id s is re s e rv e d . T h e s e a le d e n ­
v e lo p e s c o n ta in in g p ro p o sals sh o u ld b e a d d re s s e d
t o t h e u n d e rs ig n e d a n d m a rk e d “ P ro p o s a ls f o r p u r ­
c h a s e o f W a te r B o n d s.”
B y o rd e r o f t h e W a te r C o m m ittee.
F R A N K T. D Q D G E,
C lerk o f th e W a te r C o m m ittee.

$ 3 6 ,0 0 0
Dawson Co., Montana,
5% Bonds.
B id s w ill h e re c e iv e d b y th e B o ard 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
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 ($1,000), 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 five p e r c e n t, p ayable, sem i-an n u ally . S aid
b o n d s w ill b e p ay a b le tw e n ty y e a rs fro m d a te o f
issu e, o r a n y tim e a f t e r te n y e a rs, a t th e o p tio n o f
t h e c o u n ty , A re is s u e d fo r th e p u rp o s e o f r e f u n d ­
in g 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 ­
cip a l p ay a b le a t t h e C hase N a tio n a l B a n k o f N ew
Y o rk City.
B y o rd e r o f t h e B o a rd o f C o u n ty C o m m issio n ers.
A L E X . S. G IL L E S P IE , T re a s u re r.




165

WE O FFER !

W o b u r n , M a s s ...........................................................4 s
B u r lin g t o n , Y t......................
.4 s
P a w t u c k e t , R . I . , g o ld ....................................... 4 s
G o ld 4 s , J u l y , 1 9 1 8 .
M id d le to w n , C o n n ...........................................3 * 6 5 s
7s
P r ic e s a n d P a r t i c u l a r s u p o n a p p lic a t io n . C h ic a g o , III.,....................................
T o le d o , O................................
414s
C a n to n , O ., s c h o o l...................................
5s
F r a n k lin C o ., O .......................................................6 s
S
u
m
m
it
C
o
.,
O
...........................................................5
s
4 0 W a te r S tr e e t, B o sto n , M a ss.
M e ig s C o ., O ........ ...................................................... 5 s
M id d le p o r t , O ........................................................... 6 s
D e fia n c e , O ., s c h o o l ..............................................6 s
D e G r a ff, O ................................................................. 6 s
M a r t in ’s F e r r y , O .................................................6 s
C ity o f N e w Y o r k 3J^s.
S u p e r io r , W i s ........................................................... 6 s
C ity o f B r o o k ly n 4 s .
D a v ie s s C o ., I n d ..............................
6s
C ity o f E lm ir a , N . Y ., 4 s .
G r e e n C o ., I n d ..........................................................6 s
C ity o f D e t r o it , M ic h ., 4 s .
W e l l s C o ., I n d ...........................................................6 s
C ity o f D e r b y , C o n n ., 4 s .
C a s s C o ., I n d ..............................................................6 s
C ity o f S a l t L a k e , U t a h , 5 s .
H u n tin g t o n , I n d .............................................
6s
C ity o f T a c o m a , W a s h ., 5 s .
T ip to n , I n d ..............................
6s
C ity o f D e n v e r , C o l., 4 s .
W in a m a c , I n d ........................................................... 6 s
O u r c ir c u la r m a ile d u p o n a p p lic a t io n .
G r e e n fie ld , I n d ...................................
6s
D e c a t u r , I n d ...............................................................6 s
J a s p e r C o ., I n d ....................................................... 6 s
F a r m in g to n , 111........................................................6 s
2 W A L L S T ., N . Y .
L i t t l e F a l l s , M in n ................................................. 6 s
S o u th S t i l l w a t e r , M in n ......................................6 s
W in d o m , M in n ...........................
5s
S t . J o s e p h , M ic h ., g o ld .......................................6 s
H u n t s v i l l e , M o ......................................................... 5 s
V a lle j o , C a l., g o ld .......... ......................................6 s
F lo r e n c e , A l a ........................................................... 6 s
L e a s e d in p e r p e t u it y to t h e D e l a w a r e & W a y n e s b o r o , P e n n a .......................................... 4%s
A lb a n y , I n d ., s c h o o l................
6s
H u d so n C a n a l C om pan y.
C r o o k s t o n , M in n ........ ..............................................6 s
Dividends 6 14% Per Annum.
L a G r a n g e , I n d ............................'..........................6 s
B lo o m in g t o n , i n d .................................................... 6 s
P A R T IC U L A R S ON A P P L IC A T IO N .
W in n e b a g o C ity , M in n ....................................... 6 s
U n iv e r s it y P l a c e , N e b ......................................... 6 s
S u p e r io r R a p id T r a n s it C o ..............................6 s
5^s
44 W A LL STREET,
N E W Y O R K . C r e t e , N e b ................
C e n tr a l C ity , C o l . , ........................
7s
A b e r d e e n , W a s h .......................................G o ld 6 s

City of St. Louis, Mo.

R. L. Day & Co.,
July Investments.

Farson, Leach & Co.,
Guaranteed Stock

Rome & Clinton RR. Co.

Street, Wykes & Co.,
$ 2 5 0 ,0 0 0

6%Modesto Irrigation Dist. Gold Bonds

P R IC E A N D D E S C R IP T IV E C IR C U L A R
ON A P P L I C A T I O N ,

I n t e r e s t P a y a b le S e m i- A n n u a l ly .
P a id b y t h e p o 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 f e r e n c e s ap p ly to

W . E. H O L B R O O K ,
6 0 W a l l S t ., N e w Y o r k .

W. J. HAYES & SONS,
4 0 - 4 2 W A L L S T ., N E W Y O R K .
C L E V E L A N D , O.

/

(B O S T O N , M A S S .

16 H

THE CHEOmCLE.

Personal property is assessed at actual value; real estate at 40 per
cent of actual value.
OPTIONAL.—The 4 per cent bridge bonds are subject to call.
TAX FREE.—The $36,000 of bonds are exempt from State tax.

Helena, Mont.—(S t a t e a n d C i t y S u p p l e m e n t , page 133.)
—Elbert D. Weed, Mayor ; Stephen Carpenter, City Clerk.
The following statement of the debt valuation and general
financial condition of Helena, Mont., has been corrected to
May 1, 1894, by means of an official report signed by the
Mayor and City Clerk.
Helena is the county seat of Lewis and Clark County. All
bonds issued by the city are subject to call ten years before
date of maturity.
LOANS—
When Due. Bonded debt May 1, ’94. $391,500
Gen . F und Series —
F loating debt.................. 241,113
7 s, J&J, $11,500.........................1904 Total debt May 1 ,1 8 9 4 . 632,613
R edemption F und—
Sinking fund and ca sh ..
39,224
6 s, J&J, $100,000....... J u n e l, 1911 N et debt May 1 ,1 8 9 4 ...
593,389
Sewerage F und—
Tax valuation..................15,623,000
6 s, J&J, $150,000......................1908 Tax value about % real value.
6 s, J&J, 130,000......................1909 Tax rate per $1,000 1 8 9 1 ...$ 1 8 ’00
Tut. payable in New York & Helena. Population 1890 w a s............. 13,834

In connection with the facts as reported in the foregoing
the following statement is made regarding the authority
under which tbe various bond issues were made and the
legal debt limit of the city.
$150,000 of bonds for sewer purposes were issued under
authority of an act of the Territorial Legislature, approved
September 17, 1887. The $130,000 of bonds for sewer pur­
poses were issued in 1889 (before the adoption of the State
Constitution) under authority of an act of the then Territorial
Legislature approved February 28, 1889. Both of these issues
of bonds for sewer purposes were submitted to a vote of the
qualified electors of Helena (as provided for by the acts above
referred to) and carried. The $100,000 of bonds for general
purposes were issued under authority of an act of the State

NEW

LOANS.

German-American
Investment Co.,

NEW

Legislature approved March 5, 1891, and were issued to take
up outstanding warrants.
The provisions of the State Constitution (adopted October 1,
1889,) restricting indebtedness of cities, etc., are as follows:
S e c t io n 6, A r t ic l e X III.—“ No city, town, towrship or
school district shall be allowed to become indebted in any
manner or for any purpose to an amount, including existing
indebtedness, in the aggregate excaeiing 3 per centum of the
value of the taxable property therein, to be ascertained by
the last assessment for State and county taxes previous to
the incurring of such indebtedness, and all bonds or obliga­
tions in excess of such amount given by, or on behalf of such
city, town, township or school district shall be void. Pro­
vided, however, that the legislative assembly may extend the
limit mentioned in this section by authorizing municipal
corporations to submit the question to a vote of the taxpayers
affected thereby, when such increase is necessary to construct
a sewerage system or to procure a supply of water for such
municipality, which shall own and control said water supply
and devote the revenues derived therefrom to the payment of
the debt.”
The value of the taxable property in the city of Helena,
ascertained by the last assessment for State and county taxes,
was $15,623,000. It will be noticed that the total net indebted­
ness of the city is $593,389 64 and of this amount $280,000 is
for sewerage purposes, leaving $313,389 64 as the total net
indebtedness of the city exclusive of the amount expended
for sewerage purposes. It will also be noticed that 3 per
cent of the taxable property in the city of Helena is $468,690.
Manitou, Col.—(C h r o n ic l e , vol. 58, page 1003.)—D. L.
Sterling, Mayor. The following statement regarding the
finances of Manitou has been taken from a special report to
the C h r o n ic l e received from F . E . Boynton, Treasurer. No
report from this city appeared in our recent S u p p l e m e n t .
Manitou is in El Paso County.
Bonded debt Ju ly 1 ,1 8 9 4 .$ 8 8 ,8 0 0
Water debt (included)....... 74,000
F loating debt (about)......... 20,000
Total debt Ju ly ! , ’94 (abt.) ,108,800

LOANS.

MUNICIPAL

BONDS

FOE INVESTMENT.

Blake Brothers & Co.,
» 8 S T A T E S T R E E T , B O ST O N .
5

NASSAU

S T ., N E W

YORK.

N e ttin g from 4 P e r C ent to 6 P e r C ent.
Write for description of choice securities issued
by cities of good financial standing, with population
ranging from 20,000 to 150,000.

Q, H, W H IT E & CO.,
BAN KER S,
T2 B R O A D W A Y ,

-

NEW YO R K .

W. N. Coler & Co.,

M UNICIPAL BONDS.
34 NASSAU STREET.

BAN KER S,

Geo. M. Huston & Co.

Street Railway Bonds and other high grade in
vestments.
3 1 1 - 3 1 3 S u p e H o r S t j ,^
y E x ch a n g e ^ a c e ^ ^

40-42 Wall St.,
N ew Y ork

Cable Address, •’KENNETH.”




C in cin n a ti, O hio.

Choice Investment Bonds of Cities,

LISTS MAILED UPON APPLICATION.

Edward Morton & Co.,
53 Broadway, New York.
S p e cia ltie s :
M U N IC IP A L ,
S T R E E T R A I L W A Y BONDS
and
B A N K STO CK S.

MORTGAGE LOANS
IN

TEXAS.
7 P e r C ent an d 8 P e r C ent N et.
NO COMMISSIONS charged borrower or lender
until loans have proven good.

FRANCIS SMITH & CO.,
SAN ANTO N IO , T E X A S .

BANKERS.

W . J. Hayes & Sons,
Dealers in MUNICIPAL BONDS.

Investment Bankers,

Counties and School Districts.

P A R T IC U L A R S UPO N A P P L IC A T IO N .
C ity YoungStoW n, O h io .........................5 s and 6 s .
C ity T o led o , O h io.............................. 5 s.
C ity O m aha, N eb ......... .........
5 s.
C ity P o rtla n d , O re.............................5 s.
C ity A u ro ra , 111....................
6 s . MEMBERS OF THE NEW YORK AND BOSTON
A shttry P a r k , N. J . . . . . .......................5 s .
STOCK .EXCHANGES.
A n d erso n , l a d ............. ..................... 6 s .
S k a g it C ou n ty, W a s h ......................6 s .
DEALERS IN COMMERCIAL PAPER.
Irion C ounty, W is ...........................
6 s.
R ic h fie ld S p rin g s, N. Y . . .............. .4 s.
D u n k ir k , ‘ N. Y ; . .....................
4s.
L a iisln g b u rg , N . Y ............................ 4 s .

CITY BONDS

M ISC ELLA N EO U S .

3 0 W e s t T h ird S tr e e t,

July Investments.

A nd o th e r C h oice M u n icip a l B on d s for In ­
v e stm e n t by S a v in g s B a n k s an d T r u s te e s.
D e s c r ip tiv e C ir c u la r s upon A p p lica tio n .

Tax valuation 1 8 9 3 ...... $744,000
A ssessm ent about *3 actual value.
Total ta x (per $1,000).........$37'00
Population in 1890 w a s.......1,613

Rudolph Kleybolte & Co.,

5 2 W A L L S T ., N EW Y O R K .
(Ground Floor, opposite Custom House.)
C h icago Office: 6 0 7 T a c o m a B u ild in g .

[Vol. LIX,

BON D AND

STOCK

DEALERS

We buy and sell outright all Western
Municipal Bonds and .Stocks. We
cheerfully furnish full and reliable in­
formation concerning any Western se­
curity without charge. Monthly quo­
tation circular mailed to all applicants.
New issues of municipal bonds wanted.
80S P I N K S T R E E T , S T . L O U IS , M05

James N. Brown & Co.,
BANKERS,
6 2 C ed ar S tr e e t,
NEW Y O R K .
MUNICIPAL, COUNTY, SCHOOL AND
TOWNSHIP BONDS

BOUGHT

AND

SOLD.

Chronicle Numbers Wanted.
J a n . 3 an d M arch 7 , 1 8 8 5 ; A p ril 3 ,1 8 8 6 ;
F e b . 2 5 , M arch 1 7 , A p r il 7 , 1 4 , M ay 1 2 ,
J u n e 3 0 , 1 8 8 8 ; Oct. 1 9 , 1 8 8 9 ; D e c . 2 7 ,
1 8 9 0 ; J a n . 1 7 , 1 8 9 1 ; D ec. 1 0 , 1 8 9 2 ; a lso
S u p p lem en ts M arch , 1 8 9 2 , and J a n ., 1 8 9 3 .
F ifte e n cen ts a copy w ill b e p a id fo r a n y
o f th e a b o v e.
W M . B . D A N A & CO.,
7 6 ^ P in e S tr e e t,
NEW Y O R K .