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D fW iS jla p * * ,
REPRESENTING T H E IN D U ST R IA L AN D COMMERCIAL IN TERESTS OF TH E U N IT E D STATES.
[Entered aooording to Act o f Congress, in tlie year 1895, by tbe William B. D ana Company , la the office of the Librarian of Congress.]
VOL. 60.
$fcje
SATURDAY, JUNE 1, 1895.
NO. 1562.
with the same week of 1892 the decrease is only 2’3 per cent.
(SJkcanitlt.
Week ending May 25.
Terms of Subscription—Payable In Advance:
For One Y ear.................... .......... .........................................$10 00
For Six M o n t h s ...........................................................
6 00
European Subscription (including p o s ta g e )................... 12 00
European Subscription Six Months (including postage).
7 00
Annual Subscription in London (including postage)— M210s.
Six Mos.
do.
do.
do.
-----A110s.
The Investors ’ Supplement will be furnished without extra charge
to every annual subscriber of the Commercial and F inancial
Chronicle .
S ,
If.’ '
't : T _
...
.
The State and City Supplement will also be furnished without
extra charge to every subscriber o f the Chronicle .
The Street R ailw ay S upplement willlibew ise be furnished with
out extra charge to every subscriber of the Chronicle .
The Q uotation S upplement, issued monthly, will also be furnished
without extra charge to every subscriber of the Chronicle .
File covers are sold at 50 oents each: nostage on the same Is l '
cents. File cover for supplements can be had at office for 65 cents or
mailed for 80 cents.
Clearings at—
New York.............
Philadelphia.........
Pittsburg...............
Baltimore...............
Buffalo...................
Washington..........
Rochester..............
Syracuse................
Wilmington...........
S cranton.............
Binghamton..........
Total Middle......
Boston...................
Providence............
Hartford................
New Haven............
Springfield.............
Worcester..............
Portland................
Fall River.............
Low ell....... ...........
Terms of Advertising—(Per inch space).
New Bedford.........
One time................................. $3 50 I Three Months (13 times). .$25 00
Total New Eng...
).. 43 00
(4 tim es).. 11 00 Six Months
(26
O ue Month
).. 58 00 Chicago..................
(8 “ ) . 18 00 I Twelve Months (52
T wo Months
(The above terms for one month and upward are for standing cards.) Cincinnati..............
Milwaukee.............
Detroit.......... ........
London Agents:
Cleveland..............
Misers. Edwards & Smith , 1 Drapers’ Gardens, E. C., w ill take sub- Columbus..............
8 m ptions and advertisements, and supply single copies of the paper Peoria....................
Indianapolis.........
at Is. each.
Grand Rapids.......
A V I L L I A M B . D A N A C O M P A N Y , P u b lis h e r s ,
Lexington.............
Saginaw.................
P in e S tre e t, C o r n e r o f P e a r l S tr e e t,
Bay City................
Post Office b o x 958.
N E W Y O R K . Akron.......... .........
Springfield, Ohio...
Canton............. ....
Rockford...............
CLEARING HOUSE RETURNS.
Kalamazoo...........
Tot. Mid. West’n.
The following table, made up by telegraph, etc., indicates
1895.
1894.
1895.
P. Cent.
1893.
1892.
$
*
606.671.973 461.423.156
67,048,391
54,433,045
15 594,986
13.-851.02Ö
12.531.176
13.112.374
4.599.399
3,620,289
1,923,490
1,515,625
1.358,419
1,140,743
813,276
1,107.977
774.695
720,382
757,223
682,757
342,000
338,200
712,655,115 551,20», 185
$
I
4-81*6 653.407.114 060.289.152
69.281.423
+23*2
72,328.200
+16 8
14,687,080
16,994.898
—4*4
13,714,495
13 085,126
+27*1
8,762,723
3,818,926
4-26*9
2,198,223
2,032,228
1,448,671
+19*1
1,320,621 :
4-36*2
1.031.706
804,938
-7*0
864.289
796,164
4-11*0
4-1*7
292.700
. 218,400
+29-3 660,638,424 770,704,653
90.551.379
4,965.700
1 968.223
1,326,096
1,415,791
1,235,30»
1,250,902
e92,409
669,307
390,214
104,471,520
74,028,216
4,029,100
1,545,717
1.253.816
1,171,113
1,176,067
1,003,130
630,285
489.323
320.928
85,648,005
+23*3
423*2
427-4
45-8
420-8
45-0
424-7
49-0
43 6»
423-5
423-0
86.986,698
5.093,300
1,939,978
1.863.480
1,373,713
1,281,483
1,180,<50
895,036
672,450
376.274
101,160,267
78,576,580
99,592,955
13,021,450 i 11,709,450
3,390.817
4,270.684
4,831,32:
5.859 550
4,005,»76
5,081,680
3,607,700
3,707,400
1,608 494
1,960,''00
1,036 90»
1,258,892
702,229
871,027
287,163
265,982
227,509
361,0-8
267,041
300,000
152,5*9
269,55h
135,554
153,572
146,304
205,218
178,752
25R557
272^550
137,777,875 111,177,804
426-7
4-11-3
+26-0
421-8
-t-269
44-4
421*2
421*4
414*3
—7*4
458*7
412*3
476*7
-t-13‘3
-H0-4
452-6
47*5
423-9
87,470.263
10,036,550
5.960,214
6,175,661
5.436.784
3,132.400
1,012 200
1,666,956
1,022,333
276.279
338,220
283,220
228,069
227,763
H7.545
93,407,605
15,594,700
7,686,579
6.319.263
5,548,493
8.783.8G0
1,732.665
2,041206
936.750
395,683
331,659
126,5j4,048
138,191,623
-4-7
418-1
-*23-4
+7>
49-5
414 -»
12,130.119
1.587.302
1,400.000
989,406
950,000
927,940
868,879
839,852
129,901
13,934,903
1.642,854
1 986,982
906,091
1,273 956
680.321
756,436
19.823,395
21,316,043
93,542,049
4 609.100
2,238,021
1.469.816
1,201,128
1,280.662
1,107,781
910,410
402,055
106,791,622
260,167
141,647
San Francisco........
Portland................
Salt Lake City......
S eattle.......... ...
Tacoma..................
Los Angeles..........
H elen a...;.............
Spokane.................
Sioux Falls............
Fargo.....................
Total Pacific.....
10.389 2U
1.184.534
1,022.922
460,000
533,311
1,096.213
662,841
349,726
51,514
120.625
15,890.937
10,930,761
1,003,411
828,537
42C 893
505,707
¿*55 285
645.244
312,632
120.489
94.710
15,598,909
Kansas City..........
+22-6 Minneapolis...........
+14-3 Omaha....................
St. Paul................
+15*6 Denver..................
+ 5-1 Duluth...... ........
Joseph.............
4-11*4 St.
Sioux City.............
4-8*9 Des Moines............
4-34*7 Lincoln..................
W ich ita................
.................
4-19*1 Topeka.
$492,200,167
$586,364,107
Seven cities, 5 d a y s........
Fremont................
4-15*4 Hastings................
110,476,926
127,496,268
Other cities, 5 days...........
Tot. other West.
4-18*5
$602,677,093
$713,860,375
Total all cities, 5 d a y s....
4-19*5 St. Louis............. .
174,655,622
208,707,627
A ll cities. 1 day........... ..........
New Orleans..........
-t-18-7 Louisville..............
$777,332,715
$922,568,002
Total all cities for week..
Galveston....,........
.
The full details of clearings for the week covered by the Houston............
Richmond..............
above statement will be given next Saturday. __W e cannot, of Savannah...............
Memphis................
course, furnish them to-day, bank clearings being made up by Atlanta...,........
the various clearing houses at noon on Saturday, and hence in Nashville...............
the above the last twenty-four hours o f the week have to be Dallas...............
Norfolk..................
W aco......................
in all cases estimated, as we go to press Friday night.
Fort Worth............
Our usual detailed figures for the previous week, covering Birmingham..........
the returns for the period ending with Saturday noon, May Jacksonville.... ...
Chattanooga..........
25, are given below, and we also present the results for the Little
Rock*..........
corresponding week in 1894, 1893 and 1892. In comparison
Total Southern..
10.342,423
8,857,375
3,329,552
4,316,232
2,733,858
1,814,000
1,262,983
471,061
1,035,486
223,420
454.875
485,716
54.900
53.218
35,440,099
8,687,1 "1
5,155,805
4.P23.667
4,173,160
2,694,876
1.772.351
1,606,878
605,813
999,4»?
455,048
317,204
485,762
100,000
95,000
82,072,212
419*1
471*8
-82*4
434
4l*4
42*4
—21*4
-22*2
43*6
-49*8
443*4
-0*01
-45*1
—44*0
4-10*5
10.494,650
6.121.362
6.315.985
4,606,052
4,949.680
2.159,044
1.099.631
833,678
799,283
487,805
555,272
363,199
90,632
9109,585
7.939.847
5.356.590
4.521.950
4.347,517
1,010,712
1.541,434
817,497
915,340
601,318
526.371
802,835
76,386
39,476,263
87,696,382
23.791.639
8.269.888
6.800.785
1.723.315
1.797,947
2,068,895
1,453,755
1,836,722
1,014,292
772,980
1,093,376
899,562
809,091
645,000
335,780
298,87e
216.000
320,383
52,866,962
19 698.991
5 946.004
5,069,886
1,564,297
1.101,531
2,054,576
1.674,445
2.340.546
78',018
791,674
1.006.600
814,810
475,000
555.000
335.03S
264,917
175.000
430*8
489*1
4U*4
410*2
463*2
40*7
—13*2
—21*5
429*8
-2*4
48*6
410*4
470*3
416*2
+0*1
21.291.851
8.200 058
5 953,812
2,088,130
2,203,350
1,980.130
1,197.291
1.617.851
987,497
907.573
900.717
890.110
525,643
544.452
543.576
480.000
381,788
19.767.062
6 514,247
0.022,704
1.004.095
1,256,982
2.395.082
1*455.077
2.309,389
1.100,000
1.811,950
825.000
949,110
412.063
551,761
500.563
43.709,307
Total a ll.......... 1,059,102,817
Outside N. York, 452,430,844
839.509,162
87d,08e,006
48,478,734
421-t . 50,643,245
426*2 998,245.030 1,123 179,087
42 OO 448,838,516 ” 462,889,986
11,274,036
Montreal..........
4.955,227
Toronto.......... .
914,322
H alifax...........
952 781
Winnipeg.........
480,894
Hamilton..........
18 57 212
Total Panada.
* Novineiuaedtn totals
7.863,377
4.167.06Î
889.619
881.145
528.913
14.33".11Ö
that the total bank clearings o f all the clearing houses o f the
United States for the week ending to-day, June 1, have been
$922,568,002, against $1,059,102,817 last week and $777,332,715 the corresponding week of last year.
Week Ending June l.
CLEARINGS.
Returns by Teleiraph.
1895.
$382,961,969
60,987,940
41,900,922
9,912,502
66,354,596
17,762,460
6,483,718
1894.
Per Cent.
$312,433,418
53,350,451
36,249,233
9,433,496
59,609,936
16,308,772
4,814,861
with the preceding week there is a decrease in the aggregate
exchanges of one hundred and three and three-quarter mil
lion dollars, of which fifteen millions is outside of New York.
Contrasted with the week of 1894 the total for the2whole
country shows an excess of 26*2 per cent. Compared with
the week of 1893 the current returns record a gain of 6*1 per
cent and the loss from 1892 is 5*7 per cent. Outside of New
York the gain over 1894 is 20 per cent. The increase over
1893 reaches 1*7 per cent, and making comparison
421-6
rll-8
-57*2
427-3
41*9
412-8
445-7
443*4
418-9
42-i
4-8*1
-9*1
429*6
135,000
411,657
10.573 400
5.C76,325
1,322,306
7.752,150
4,301,258
98 i,882
687.268
17.669,325
565,800
13 653,289
946
THE CHRONICLE.
I V ol . L X ,
the Unionist party. We have never had any consider
able confidence in Great Britain's favoring bimetallismThe crops and the current reports respecting them But if we can believe one-half we hear now from Lon
have again been the controlling influence in our mar don and Manchester the bimetallists will get a large
kets. Without doubt winter wheat in sections has suf vote in the next House of Commons and it will comefered somewhat. The usual insects have very likely from both parties. Whenever they secure and repre
done more than the usual harm, and the very hot sent over half the voting population, it will make veryweather in the West this week and last week may very little difference what the minority think respecting a
likely have entailed injury which the subsequent rains gold monetary standard. The two great classes of agri
cannot wholly cure.
But when there is in prog culturalists (including the land owners) and manufac
ress a great speculation in breadstuffs, and when turers are in favor of silver. Of course there are ex
at such a time lengthy telegrams from the far ceptions ; but they represent large interests and largeWest appear describing with much detail “ hot numbers.
winds” blowing and destroying wheat and every green
The death of Mr. Gresham removes a man whose
leaf, and when one's almanac tells that it is May and conduct of the Department of State has been marked
one's knowledge of locality indicates that the winds by rare ability and by wise methods of diplomacy.have just come off the “ Rockies” , one cannot be Next to the Treasury Department no branch of the
blamed if one should happen to label such statements Government has had more perplexing questions to deal
<( fishy.'' Per contra, Thursday night (May 30tb) a with during the last two or three years than the State
telegram from Des Moines, situated very near the cen Department. In some respects the work has required
ter of Iowa, stated that “ copious showers averaging even greater care and skill. Peculiar temptations besetan inch and a half of moisture fell in all parts of Iowa the occupant of the chair of Secretary of State. He is
early this morning and tc-day. The corn, hay, oats and for the time being the guardian of the national honor
other crops were much in need of moisture, and this and the national dignity, as well as the defender and
rain, which prevented the customary Memorial Day protector of the nation's interests in all questions arising
services in nearly every Iowa town, has placed the with foreign nations. To the scheming politician the^
crops past all apprehension. The best yield for years office offers opportunities simply for a meretricious dis
in small grains is expected. More rain is falling to play of patriotism. Such a person is little concerned
night.” Later reports state that this rain of Thursday about other considerations. He may even be making thevisited not only Iowa but the Dakotas, Minnesota, Wis country ridiculous in the eyes of the world. He has
consin, Nebraska, Kansas and Missouri; rain was also attained his end if he has gained notoriety by appealingpredicted on Friday in Illinois and other States. What to the ignoble passions of the less enlightened section
will be the outcome or what is the exact situation of of the population. Mr. Gresham, to his lasting honor
winter wheat now. it would be hazardous to say, be it said, was not that type of a Secretary. He was
though it is sufficiently evident that the estimates of firm in his administration of the affairs of
injury have been greatly exaggerated. Spring wheat the Department, but he never committed thewe think we may say without reservation is doing well. nation to a course of action exoepi after thorough
Cables from London with reference to bimetallism investigation and unless he was fully convinced
have been about as misleading this week as the telegrams that such a step was right and proper.
He had
in America about the crops. There is an election believed the one quality which the head of the State Department
to be in sight in Great Britain and the Unionists are should always have,a j udicial temperament and the power
supposed to have the better chance. Mr. Balfour if of discriminating between right and wrong. Nor was he
the Unionists succeed will be Pjime Minister. Of slow in seeking to retrace a wrong step. His action in the
course he is personally in favor of bimetallism, for he case of the overthrow of the Government of Hawaii is an
has written some of the best and most forcible illustration of this, which will always remain note
things that have been published on that side worthy in our history. In brief he was controlled all
of the controversy. T o turn that fact to the through by high and lofty motives, managing the office^
advantage of the Conservatives, Sir William Yernon in accordance with the best standards and its most
Harcourt, Chancellor of the Exchequer, has just re worthy traditions. To say this is to say that he hasmembered that some time since prominent London served his country with great fidelity and has filled the
bankers and business men who favor the maintenance fullest measure of usefulness which it is possible for aof a gold standard sent him a memorial stating, as Government official to attain.
their opinion, that it would be disastrous to the trade
The Mobile & Ohio Railroad has this week taken a
and credit of the United Kingdom to depart from its step which long seemed in prospect and which removespresent currency system ; so he sent a reply to these the only drawback that has existed to its development,
bankers on Wednesday in which he stated that the pres and prosperity and its enjoyment of complete financial
ent Government will never countenance any change in ease. The property has been exceedirigly well managed,,
the fundamental principles of the monetary system, nor and it will be remembered that a few years ago therewill they in any discussion in which they may be called was some agitation to compel the directors to declare a
upon to take part admit any doubt as to their dividend on the stock, a step which the management,
intention firmly to adhere to the single gold with their conservative instincts, naturally resisted, and
standard. On the other hand “ certain influential very wisely.
Since then we have had severe commer
Unionists are circulating a memorial to Mr. Balfour cial and financial depression, through which the Mobile
urging him not to include in the party platform any & Ohio has passed very creditably.
The one thing
pronouncement in favor of bimetallism.” These declar that has operated to the disadvantage of the company
ations and movements are no indication of any revival has been the existence of a small floating debt. The
or new spirit among the gold monometallists in Great company has been spending in recent years considerable^
Britain; they are only an effort on the one hand to catch amounts for improvements and additions to plant and
and on the other to keep the gold standard voters in equipment, and very naturalLv i n r t of the means to*
THE FINANCIAL SITUATION.
J u n e 1, 1895.1
THE CHRONICLE
pay for these outlays had to be obtained by an addi
tion to the current liabilities. The company held a re
serve of general mortgage 4 per cent bonds in its treasury
which could have been disposed of at any time and the
proceeds used in liquidating the floating debt, but the
management were not willing to sell the bonds at the
price prevailing in the market. The floating debt has
not been large, the balance sheet June 30, 1894,
TeportiDg the amount of the loans and bills pay
able at $631,688. There has been no difficulty in
taking care of this, but it has long been desired
to relieve the company entirely of all floating
■debt.
The management have now determined
to sell $1,250,000 of the general 4s in the treasury,
and to give stockholders the privilege of subscribing
for the same at 65 and interest. The success of the
-arrangement has been fully assured, for a syndicate
lias contracted to take at the price mentioned, without
any commission, the whole or any part of the bonds
now offered which the stockholders may fail to apply
for. The bonds sold on the Stock Exchange yesterday
at 69, so that even at this figure there is a profit to
the stockholders in taking the bonds. But the assump
tion is that the price will advance when the
present arrangement becomes known, and when further
more investors are made acquainted with the fact that
a very important change has been effected in the
character of the issue. T h e . bonds originally were
a currency obligation, but by resolution of the
Board of Directors the entire issue has now been made
payable in United States gold coin of the present
standard of weight and fineness, and an agreement to
that effect has been filed with the trustee of the mort
gage. With this arrangement for the extinguishment
o f the floating debt carried out, the Mobile & Ohio
will be in better position than it has been at any time
within recent years.
Foreign exchange has been firm in tone all the week.
"This is a disappointment to some who were expecting
low and declining rates to continue, followed perhaps
by gold imports in early weeks. Such a course of events
is not at all probable. It should not be forgotten that
the trade balance is now against the United States and
is likely to remain so through the summer; moreover,
in addition to the visible adverse balance we owe the
outside world about 11 or 12 million dollars a month
•of current indebtedness. That being the case we must sell
to Europe a large amount of securities to provide the
necessary exchange to keep the market from a further
advance. Then again the cheapness of money operates
against drawing bills in anticipation of later covering
with cotton or grain drafts, as the proceeds of such
hills cannot be loaned at remunerative rates. But it
may be asked have the loans recently negotiated in
Europe all been drawn against? No, they are the chief
-source of
supply in the market n ow ; those
who have the bills, however, do not seek to sell
exchange cheap, and with interest so lowhereand money
difficult to lend, they would not draw until
the funds were needed. Hence the firm tone this week
has been perfectly natural. There is an absence of
•commercial bills, the outward movement of cotton
being slow and the speculative advance in wheat check
in g exports. A t the same time there has been a good
-demand for remittance by importers of goods and some
inquiry from the arbitrage houses to remit for balances
due on sales of stocks. The chief supply on the mariket, as already stated, has been drawings against secuiHties placed abroad by foreign bankers.
947
Money continues to accumulate at this centre
through the interior movement and the disbursements
by the Treasury. The market seems to be rapidly
approaching a congested condition. Bank officials say
that they cannot get better than 1 por cent for de mand loans, and even this rate is not readily obtain
able ; first-class commercial paper is very scarce, the
offerings are in many cases for long dates, and some
choice single names maturing in December have been
taken at 3 per cent, while others running to January
have sold at 2£ per cent. The city of Boston has been
borrowing comparatively large amounts of money here
at 2£ per cent to November and some three months’
notes made by New Bsdford and other Massachusetts
cities have been taken at 2 per cent, and four months’
at 2£ per cent. New York City has borrowed largely
at 2£ per cent to November in anticipation of taxes,
and some round amounts of money have been loaned
by a trust company on prime stock collateral at 2£ per
cent for six months.
Many of the banks who last fall agreed to reduce
their rate on deposits of interior banks to 1 per cent
recently restored the 2 per cent rate for fear of largely
losing deposits, and now not more than four or five of
the banks which originally made the agreement main
tain a 1 per cent rate. One of the large down-town
banks lost $4,000,000 of country deposits by lowering
the rate, but this did not induce a restoration, and the
officials claim that they are really doing better than
the higher-rate banks, who are carrying large line3 of
deposits upon which they have to pay at least 2'66 per
cent, counting the reserve fund required to be held.
On this showing it is difficult to see how some of the
institutions can make the dividends which they will be
called upon to declare at the forthcoming semi annual
period without again drawing upon their surplus.
Those who have enjoyed participation with theM organ-Belmont Syndicate are of course exceptions.
On call, as represented by bankers’ balances, money
has this week, as stated above, loaned largely at 1 per
cent, in moderate amounts at
per cent, and in
small sums at 2 per cent, and the average has been
about 1£ per cent.
Banks and trust com
panies quote 1 per cent
as the minimum.
The demand for time contracts is only fair, while
the offerings are liberal, and as lenders seek borrowers
the latter can make their own terms. Quotations are
1£@2 per cent for thirty to sixty days, 2 per cent
for ninety days to four months and 2£@3 per cent for
five to seven months on good active stock col
lateral. Commercial paper continues in urgent de
mand and the choicest names are promptly taken,
some of them without the intervention of brokers.
The supply does not increase, though reports from
trade circles indicate some improvement in busi
ness. Re-discounting for the South and West is
small and not general, being confined to a few of the
a anks having an extensive correspondence. Rates for
commercial paper are 2£@2£ per cent for sixty to ninety
day endorsed bills receivable, 2£@3£ per cent for four
months’ commission house and prime four mopths’
single names; 3£@3£ per cent for prime six months
and 4@4| per cent for good four to six months’ single
names.
There has been some little uneasiness felt abroad this
week, caused by reports that Japan’ s occupation of
Formosa would be resisted by the inhabitants and that
the aggressive course of Russia was likely to lead to se
rious complications in the far East. On Wednesday
948
THE CHRONICLE.
[V ol.
LX.
theregwas a report that hostilities between Japan and day from Europe brought £200,000 gold consigned to
Ohina were likely to be renewed at Formosa, and that August Belmont & Co. Payments of gold by the
the French fleet had been assembled at Tien sin, on the Morgan-Belmont Syndicate into the Sub-Treasury this
northwest coast of that island, but there was no con week on foreign account were $955,795 87, making
firmation of the report. Thursday Sir William Ver $14,545,972 67 thus far paid on this account.
non Harcourt said that the Government of Great
The Atchison Topeka & Santa Fe reorganization plan
Britain was acting cordially with Russia and France. it is expected will be declared effective within a few days,
This announcement makes it difficult to explain the more than a majority of the general mortgage bonds hav
situation or at least the rumors. The Bank of ing been deposited with the reorganization committee
England minimum rate of discount remains unchanged under the plan. The Wabash statement of earnings
at 2 per cent. The cable reports discounts of sixty for April has been issued this week. It shows $86,643
to ninety day bank bills in London £ of 1 per cent. gain in gross and $77,966 gain in net. The Southern
The open market rate at Paris is I f per cent and at Railway for the same month reports $32,090 increase in
Berlin and Frankfort it is I f per cent. According to gross and $70,269 increase in net; the Minneapolis &
our special cable from London the Bank of England St. Louis, $18,516 increase in gross, $12,287 increase
gained £346,814 bullion during the week and held at in net; the Chesapeake & Ohio, $52,125 increase in
the close of the week £37,500,376. Our correspondent gross, but $112 decrease in n e t; the Central
further advises us that the gain was due to £20,000 of New Jersey,
$107,019
increase in
gross,
sent to the interior of Great Britain and to the import $136,047 increase in n e t; the Philadelphia &
of £367,000, of which £236,000 were from Australia, Reading, $173,772 increase in gross and $150,£76,000 was bought in the open market and £55,000 843 increase in net for the Railroad Company and
came from other countries.
$245,100 increase in gross but $120,241 decrease in
The foreign exchange market, as already remarked, net for the Coal & Iron Company. Among the grain
has been steady to strong this week, influenced by a carrying roads, the St. Paul shows $203,051 decrease
dearth of commercial .bills and by a good demand from ! in gross, $26,367 increase in net; the Chicago Burling
importers and some inquiry from arbitrage houses. ton & Quincy, $157,502 decrease in gross, $45,030 de
There has been a fair supply of bankers' bills drawn crease in net; the Chicago Burlington & Northern,
against securities recently placed abroad, and these $10,432 increase in gross; $14,222 decrease in net; the
have in great part satisfied the inquiry. Among the Burlington Cedar Rapids & Northern, $2,095 increase
securities likely to be drawn against in the near in gross, $1,069 increase in net; the Iowa Central, $12,future are some bonds of the St. Louis Ter 610 decrease in gross,$1,747 increase in net; and the Kan
minal Association,
the subscription books for sas City Fort Scott & Memphis $24,288 decrease in gross
which were closed by Messrs. J. P. Morgan and $8,858 decrease in net. The Canadian Pacific reports
& Co. on Monday. The market opened firm on that $55,850 decrease in gross and $86,840 increase in net.
day and the Canadian Bank of Commerce advanced the The Brooklyn Elevated has net of $76,220, against
posted rate half a cent, but no ‘ change was made by $68,123 ; the Kansas City Memphis & Birmingham
the other drawers.
Rates for actual business in ster $4,856, against $3,898 ; the Cleveland Canton & South
ling were 4 87@4 87f for sixty day, 4 88@4 88f for ern $12,679, against $1,013 ; the Savannah Americus&
sight and 4 88f@ 4 88f for cable transfers. On the Montgomery $2,217 deficit, against $898 n e t; the Pitts
following day the tone was a shade firmer, but without burg Youngstown & Ashtabula $21,882, against
any material advance in rates for actual business, and $37,675 ; and the Cincinnati Jackson & Mackinaw
then some inquiry was noticed from coffee and other $4,322, against $13,305. The following gives a com
importers and from arbitrage houses.
On Wednesday parison for four years for a number of roads.
the market was quiet and firm, with rates for actual
-—April Earning».■
1895.
1894.
1893.
1892.
business in sterling 4 87 i@ 4 871 for long, 4 88@4 88£
Name of BoaA$
$
$
1
for short and 4 88£@4 881 for cable transfers. Francs
171,697
159,682
174,702
168.103
Net
76,220
68,123
83,843
78,897
and marks were fractionally higher. Some of the Burl. Ced. Rap. & North. .Gross
274,722
272,627
280,364
292,957
Net
72,898
71,829
31,399
60,839
bankers quoted the market strong at the close of the
1,245,621
1,301,471
1,599,214
1,671,317
Net
451,616
364,806
675,214
-4)12,632
day. Thursday was Decoration Day, and yesterday the
1,019,401
912,S82
1,164,473
1,096,64«
Net
401,941
265,894
487,826
market was very firm, with an advance of half a cent
424,85 «
i Gross
741,328
692,203
861,624
734,697
Net
200,935
in posted rates by Brown Bros, and Lazard Freres.
201,047
251,896
162,708
139,364
123.932
270,583
169,188
The following table shows the daily posted rates of
Net
13,384
27,606
117,810
53,202
•Gross 2.838,145
2,495,847
2,990,399
2,757,629
exchange by leading drawers.
Net
795,293
840,323
724,338
683,663
Fri., Mon.. Tues., Wed.. Thurs., Fri.,
.Gross 2,054,183
2,257.284
2,788,637
2,568,913
0 days..
Brown Bros. " ' t(6Sight.....
Baring,
(60 days..
Magoun & Co. ( Sight......
Bank British (60 days..
Mo. America.. ( Sight.....
Bank o f
(6 0 days..
Montreal....... \Sight......
Canadian Bank (60 days..
o f Commerce. <Sight.....
Heidelbach.Ick-(60 days..
elheimer & Co l Sight.....
Larard Freres.. j
87)$
88)$
88
89
88
89
87)$
88(2
87(6
88)2
88
89
§|
Merchants’ B k .(60days.. 88
o f Canada.... ( Sight...... 89
May 27. May 28. May 29. May 80.
87«
87«
87)6
88)6
88 h.
88)6
88
88
88
89
89
89
88
88
88
89
89
89
87
87)6
87)6
88)6
88«
88)6
88
88
88
89
89
89
88
88
88
89
89
89
88
88
88
89
89
89
88
88
88
89
89
89
---- ---------------- j ------ “ •z
May 81
88
89
88
89
88
89
87)6
88)6
88
89
88
89
88)6
89-^
88
89
----
sixty day and 4 881@4 891 for sight. Rates for actual
business were 4 8 7 i@ 4 871 for long, 4 88£@4 881 foi
short and 4 881@4 88£ for cable transfers.
Prime
commercial bills were 4 86£@4 87 and documentary
4 86£@4 861. The Campania which arrived on Sun-
Net
735,788
709,420
45,304
57,475
4,323
13,305
115,655
128,265
Net
87,697
35,950
358,442
..Gross
382,731
103,068
Net
111,926
71,767
73,039
Net
4,856
3,898
143,657
125,141
Net
45.708
33,421
..Gross 1,649,031
1,475,259
Net
745,664
594.821
1,673,155
1,428,055
Net def.171.081 def.50,840
.Gross
108,383
89,400
Net
21,882
37,675
.Gross
32,871
31,489
Net
dei.2,818
898
.Gross 1,393,410
1,366,320
Net
286,918
216,649
960,124
. Gross
878,481
Net
213,085
135,119
Net
806.453
60,153
9,i71
131,061
34,679
432,166
86,462
, 81,173
3,977
130,8r|2
40,796
1,889,975
742,644
1,433,781
67,232
119.196
48,978
38,838
814
1.459.ÖS6
263.387
993,196
137,486
745,049
52.372
10,977
128,897
23,854
422,920
79,405
69,605
de f.6,329
140,316
33,921
122,365
63,650
38,317
12,821
1,466.880
319,322
1,052,952
192,028
The following statement gives the week's movement
of money to and from the interior by the New York
tanks.
THE CHRONICLE.
J une 1, 1895.]
Received by Shipped by Net Interior
Movement.
JV. F. Banks■N. F. Banks
4,466,000 $2,259,000 Galn.$2,207,000
200,000 Gain. 250.000
450,000
aoid..................................................
Total gold and legal tenders...... $4,916,000 $2,459,000 Galn.$2,457,000
Week Ending May SI, 1805.
With the Sub-Treasury operations she result is as
follows.
Into
Bankt.
Week Ending May 31,1805.
Out of
Bank».
Net Change in
Bank Holdings.
Banks’ Interior movement, as above $4,916,000 $2,459,000 Gain.$2.457,000
Sab-Treasury operations................. 11,100,000 10,900,000 Gain. 200,000
Total gold and legal tenders...... $16,016,000 $13,359,000 Gain. 2.657,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
Gold.
France..........
Germany*....
Aust.-Hung’y
Spain.............
Netherlands.
Nat.Belgium*
May 31,1894.
May 30.1896.
Bank of
Silver.
£
£
87,600,376
82,405,033 60,125,861
38,725,821 15,817,629
19,251,000 13,518,000
8,004,000 12.470,000
4,292,000 7,047,000
2,938,000 1,469,000
Total.
£
37,500,376
132,530,894
54,543,450
82,769,000
20,474,000
11,339,000
4,407,000
Gold.
Silver.
£
£
36,042,880
70,974,000 51,164,000
33,307,400 13,463,600
10,281,000 16.384,000
7,918.000 8,650,000
4,507,000 7,037.000
2,997,333 1,498,667
total.
£ t
86,042,880
122,138,000
46.771,000
26,595,000
16,568,000
11,544,000
4,496,000
Tot.thls week 193,116,230 100147490 293,563,720 165 977,613 98.177,237 264,154,880
Tot. prev. w’k 191,838,678 10012UU 291,959,789 163,929,307 98,049,667 261,977,974
* The division (between gold and silver) given in our table of coin
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither ease is it
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we
believe the division we make is a d ose approximation.
Note.—We receive the foregoing results weekly by cable, and while
n ota U of the date given at the head of the column, they are the re.
turns issued nearest to that date—that is, the latest reported figures.
DECISION AGAINST DEBS METHODS,
Our courts appear to have been this week quite ac
tive in announcing decisions affecting more or less
directly commercial affairs. One of these was by the
United States Supreme Court and related to the Geary
Chinese exclusion a c t ; the Court held the act to be
constitutional, incidentally affirming the general right
of the United States to exclude aliens of all kinds.
Another by the same Court covered several cases not
very important wherein the New York Lake Erie &
Western Company and some of its leased lines were
complainants. The matter included in these proceed
ings was express business and business of roads oper
ated under rentals, and the questions raised involved the
construction of an act of the State of Pennsylvania im
posing a tax upon the gross receipts of common carriers
for tolls and transportation. The complainants claimed
that the law was unconstitutional because, among other
things, it imposed double taxation and moreover be
cause the traffic was inter-State commerce business.
The Court decided that the law was constitutional and
the State tax collectible without, as we are informed
by the counsel, determining any new principle. Still
another, and a very interesting decision, which we
have written about in a subsequent article, was ren
dered at a General Term of the Supreme Court of New
York State, and relates to the construction of railroads
paralleling old lines.
Among them all, however, none anywhere near equals
in importance and general interest the final adjudication
in the Debs case by the United States Supreme Court.
The decision comes as a fitting celebration of the
anniversary of the strike out of which the proceeding
arose. It was just about a year ago that the “ Ameri
can Railway Union " called upon the men in the organ
ization working on the railroads of the country to
refuse to handle Pullman cars, the reports current the
last week of June 1894 being that 22 Western roads
949
were tied up and 100,000 men were out of employ.
The first week of July railroad operations at Chi
cago were almost at a standstill, while unrestrained
riots and the wanton destruction of property were a
daily occurrence. Under these circumstances Presi
dent Cleveland ordered Federal troops into Illinois
without waiting for a request from the Governor,
and even in the face of the Governor's protest, while
Judge Woods issued an injunction against the strikers
forbidding them from interfering in any way with the
free movement of inter-State commerce and the rhnning
of the mails. Furthermore, on Monday and Tuesday,
July 9th and 10th, the President also issued two proc
lamations— the first addressed to Illinois and the second
to many other States, establishing a quasi martial law,
and commanding the rioters to disperse, &c.
It is necessary to have in mind all these facts to ob
tain a correct idea of the full significance of the pres
ent decision. As Mr. Debs and his friends did not
obey the injunction order issued by Judge Woods, Debs
and eight other officers of the American Railway Union
were arrested and sent to jail. The proceeding before
the Court this week was a petition of Debs and his
friends for a writ of habeas corpus first made before
Judge Woods and denied, and thereupon taken up to
the Supreme Court, and now by a unanimous decision
again denied. Never before has the power of the Gen
eral Government been exerted to such an extent for
such a purpose as at this date last summer, and the
strikers raised the issue whether the action of the
President and the courts was constitutional in send
ing Federal troops and in issuing an injunction
to suppress the strikers' movements. Justice Brewer
in delivering the opinion of the Supreme Court this
week and summing up its conclusions is very clear,
forcible and broad in his method of expressing them ;
no one can doubt what the views of the court are. He
says: “ We hold that the Government of the United States
is one having jurisdiction over every foot of soil within
its territory, and acting directly upon each citizen $
that while it is a government of enumerated powers it
has within the limits of those powers all the attributes
of sovereignty ; that to it is committed a power over
inter-State commerce and the transmission of the mails;
that the powers thus conferred upon the National
Government are not dormant, but have been assumed
and put into practical exercise by the legislation of
Congress; that in the exercise of those powers it is com
petent for the nation to remove all obstructions upon
highways, natural or artificial, to the passage of inter
state commerce or the carrying of the mail; that while
it may be competent for the Government— through the
executive branch and in the use of the entire executive
power of the nation—to forcibly remove all such ob
structions, it is equally within its competency to ap
peal to the civil courts for an inquiry and determina
tion as to the existence and character of any alleged
obstructions, and if such are found to exist, or threaten
to occur, to invoke the powers of the courts to remove
or restrain such obstructions."
These views fully accord with the opinions expressed
last summer by nearly all classes of our people« The
action of the United Skates Senate was conspicuous for
the unanimity with which political feeling was sunk
in the effort to express full and unequivocal commendar
tion of “ the President and the members of his Admin- i
istration" for “ the prompt and vigorous measures
adopted" “ to repulse and repress by military force the
interference of lawless men with the due process of the
950
THE CHRONICLE.
laws ** and “ with the transportation of the mails ” and
with “ the commerce among the States.”
Senator
Cushman K. Davis in his answer to an application from
a committee of strikers to assist legislation in the
Senate which would stop the Government from
interfering with the enforcement of the proposed boy
cott promptly telegraphed back to Debs and his asso
ciates that they were “ rapidly approaching the overt
act of levying war upon the United States.” Judge
Cooley’s method of expressing his opinion of the effect
of the measures used and the success attained in arrest
ing this lawlessness was prophetic. He said that a
“ great and valuable lesson in constitutional construc
tion has been settled for all time.” The present con
clusions of the Court accord fully with this interpreta
tion by Judge Cooley of the character and teaching of
the whole affair.
We notice that Mr. Debs does not like the decision
and abuses the Court. He says: “ 1 believe I voice
the opinion of a large majority of the American people
when I say that they have no confidence in the Su
preme Court of the United States.” Poor man— he
posed as a hero and a martyr while destroying other
people’s property and trampling on other people’s
rights, under the claim that he had wrongs to redress
and chose to redress them in that unlawful way; now
he wakes up to find himself only an ordinary criminal
and he has no recourse but in abuse of the Court.
Judge Brewer meets Debs’ s case and defines his position
with great accuracy. He says that a most earnest and
eloquent appeal was made in eulogy of the heroic spirit
of those who threw up their employment and gave up
their means of earning a livelihood, not ia defense of
their own rights, but in sympathy for and to assist
others whom they believed to be wronged. The Judge
speaking for the Court asserts that “ we yield to none
in our admiration of any act of heroism or selfsacrifice, but we may be permitted to add that
it is a lesson which cannot be learned too
soon or too thoroughly that under this government of
and by the people the means of redress of all wrongs
are through the Courts and the ballot-box, and that no
wrong, real or fancied, carries with it legal warrant to
invite, as a means of redress, the co-operation of a
mob with its accompanying acts of violence.” It
would we think contribute materially to the happiness
of Debs’s future career and might likewise be useful to
society if while he is serving out the balance of his
time in solitary confinement he could be induced to
make the reading of this decision a daily lesson.
It is not necessary to add even a word in explanation
of the importance to our industries, and especially to
our railroads, of this adjudication. The facts we have
given and the fiadings of the Court we have quoted are
sufficiently explicit to leave nothing more needful.
1IM ITIN C
THE CONSTRUCTION OF NEW
ROADS..
Among the numerous decisions rendered this week
that of the General Term (3d Department) of the
Supreme Court of this S r,ate, in the ease of the A m
sterdam Johnstown & Glovers ville Railroad, is of great
importance as showing the policy which controls the
State and the Courts in the granting of applications
for the building of new roads. Under a law passed in
1892 (Section 59 of Cnapter 676 of the Laws of 1892)
no new road can be built in this State unless the Board
of Railroad Commissioners shall certify that public
[V ol. LX,
convenience and necessity require its construction.
Where a certificate is refused, however, the inorp>rators are given the right to apply to a General Term
of the Supreme Court, and said General Term at its
discretion may order the Board of Commissioners, for
reasons stated, to issue the certificate requested, and it
must be issued accordingly.
That such a provision for the regulation of the
building of new roads is wise and commendable admits
of no question. We have not seen the correctness of
the general proposition disputed by any one. It re
mains to be seen how the rule was applied in the par
ticular case under consideration. The case reached
the Court in precisely the way prescribed in the statute—
that is, application for a certificate was made to the
Railroad Commissioners in the ordinary course, and
this being refused, recourse was had to the General
Term, which has now upheld the Commissioners, and
confirms the refusal.
Little need be said regarding the merits of the appli
cation in this instance. The facts were set out in the
Chronicle of November 24, 1894, when the Commis
sioners declined to issue the certificate asked for. The
Amsterdam Johnstown & Gloversville Railroad, in
corporated July 12, 1894, wanted to construct a steam
railroad between Amsterdam, in Montgomery County,
and Johnstown and Gloversville, in Fulton County, a
distance of about fourteen miles. In refusing the
application, the Commissioners pointed out that from
Aiken (a small settlement about three miles west of
the Amsterdam station on the New York Cmtral) to
Fonda the new road would practically parallel
the New York Central, and from Johnstown to Glov
ersville it would follow a route already occupied
by three existing roads, namely the Cayadutta-Electric,
the Fonda Johnstown & Gloversville and the Johns
town Gloversville & Kingsboro horse road. Con
ceding a very small saving in distance to the new route,
this was really immaterial, and the evidence was undis
puted, the Commissioners said, that the existing roads
are abundantly able to transact all business now offered
or that is likely to be off -red for many years to come.
If, as was claimed, the charges made for transacting
such business are exorbitant, there is a better method
of curing the evil than by inviting superfluous compe
tition. Furthermore, the charging of exorbitant rates
might indicate that there was hardly business enough
to support the existing roads upon reasonable charges,
in which case there would obviously be no occasion to
build another road in a neighborhood already over
supplied with railroads.
Taking this view, the Commissioners refused to cer
tify that public convenience and necessity required the
construction of the road, and takiug the same view we
expressed our approval of the action of the B rnrd after
it was announced. Subsequent to the appearance of
our article two of the gentlemen connected with the
new project called upon us and claimed that in our
comments we had done them and their project a great
injustice. They heartily approved of the law limiting
the construction of new roads; they were prepared
to admit that in the past much harm had been done
because of the absence of such a law; but they
did not think that the provision in the statute
ought to be applied as against their project. We
of course do not pretend to any special knowl
edge in the case. All our comments were based
on the finding of facts as reported, by the Cemnr.ssioners.
In itself the scheme is of comparatively
J u n e 1, 1895.]
THE CHRONICLE
little consequence, and the case derives its importance
solely from the fact that it illustrates the working of
the law and the action of the Commissioners and the
courts under it. We must say, though, that in the
brief conversations we had with the gentlemen referred
to, they did not convince us that the Board had erred
in refusing a certificate— they convinced us only of
their sincerity and honesty of purpose. And it is now
shown that they have been equally unsuccessful in
convincing the Court, though of course the Court made
no independent investigation into the facts of the case*
All this, however, is of little moment.
The
decision of the General Term is of vast in
terest
as showing the interpretation of
the
law by the courts. We all know that judges are slow
to overrule public officials charged with special duties—
especially duties requiring expert knowledge and special
training and fitness, which the courts are not supposed
to possess. And this is a wise rule of action. Hence
it is not surprising to find Judge Herrick, who deliv
ered the opinion, declaring that unless the Court can
see that the decision of the Board of Railroad
Commissioners was founded upon erroneous legal
principles, or that the Board proceeded contrary
to the clear weight of evidence in arriving at its
conclusion upon any question of fact, or that
it has abused the discretion vested in it and has
arbitrarily refused to issue the necessary certificate,
the Court will not undertake to reverse its deter
mination and compel it to issue a certificate. The
Judge well says that the Railroad Commissioners are
vested with the supervision of the railroads of the State;
it is made their special and peculiar duty to investi
gate and inform themselves as to the condition of ex
isting roads, and as to the needs of the various parts of
the State for transportation facilities, and their opin
ion upon these matters, in regard to which a proper
discharge of their official duty requires them to be offi
cially informed, is entitled to respect and consideration.
In his opinion the Judge points out that the privi
lege of constructing and operating a railroad is not
one that exists in the incorporators as a right, it is a
privilege or franchise that is granted by the State.
Prior to the enactment of the law of 1892 it was within
the power of fifteen or more citizens to form a railroad
corporation, and to lay its tracks through any section,
upon securing from the property owners the necessary
right of way. The new law effected a change. It was
evidently intended, says the Court, to restrict the
building of roads not actually needed, in order
to protect not only existing railroads but also
citizens from investing in alluring but profit
less enterprises.
“ The propriety and necessity
of constructing a road was not left to be determined by
enterprising but perhaps ill-informed or ill-advised
citizens, or by those seeking by threats of destructive
competition to levy tribute upon existing roads, but
was placed in the hands of accredited officers of the
State, who should act for and in its behalf in deter
mining whether the interests of the State, and of the
community immediately affected, would be promoted
by the building of a road.”
The Court defines very clearly what a corporation
applying for a certificate is called upon to do. It de
volves upon it to show that its construction is required
by public convenience and necessity. It is not en
titled to the certificate as a matter of right in the
event of no one appearing to oppose its application ; nor
if any one does appear in opposition is he obliged to
951
prove a negative and convince the Board that publi c
convenience and necessity do not require the con
struction of the road. The burden of proof is
upon it to establish the performance by it of the
requirements of the law, and to establish the ex
istence of that condition of affairs which will au
thorize the State authorities to grant a franchise
permitting it to operate its road in the locality pro
posed. “ It is applying for something from the State,
and it must prove its claim to it under the laws, the
same as any person who attempts to establish any other
claim or right.” So also in applying to the Court, the
burden is upon the applicants to show affirmatively
that the Railroad Commissioners have erred in their
refusal to grant the necessary certificate. In deter
mining whether a certificate shall he granted, the Com
missioners are necessarily vested with a large discre
tion. From an examination of the records of the case
the Court reaches the conclusion that the Commission
ers have not abused this discretion, nor yet have they
erred in its exei cise, and that they were abundantly
justified in finding that it did not appear that “ public
convenience and necessity ” required the construction
of the proposed road.
The Court touches upon one other point. It was
alleged that the charges of existing roads were exorbi
tant. Hence the question arises does the charging
of such exorbitant rates (supposing the allegation es
tablished) make a case for the building of another
road. The General Term says not. Why ? Because
the law provides another remedy for such grievance,
namely by application to the Commissioners for a re
duction in rates. By Section 161 of Chapter 565, of the
Laws of 1890 the Commissioners are given power to
order a reduction, and by Section 162 as amended by
Chapter 676 of the laws of 1892, the Courts are vested
with power to compel compliance with all d oisiors
and recommendations of the Board. Hence, says
the Court, the remedy for the present high
charges, if they are unnecessarily high, is not by
building an opposition road, which may cripple those
already in existence and destroy the value of the
investments in them or lead to the purchasing of the
new road by the old companies, but by availing of the
provision of law specially provided for just such emer
gencies. It follows that the allegation that rates are
excessive dees not constitute a sufficient reason for
certifying that public convenience and n ecessity re
quire the construction of the road and hence that the
Commissioners were correct in declining to issue the
certificate on that ground.
These utterances of the Court are sound and whole
some, and will we are sure meet with general approval.
We have already stated that the particular case under
review is of account only because it serves to show the
scope and purpose and operation of a wise provision of
the law. But in that sense it is of very great signifi
cance and importance. The facts in the present case
make it evident that both the Commissioners and the
Courts are determined to give full effect to the intent
of the legislator in incorporating in the law the pro
vision regulating the building of new roads. And this
is an assurance whose beneficial effects can hardly be
over-estimated. It means on the one hand that exist
ing investments in the carrying interest in this
State are not to be needlessly jeopardized and on
the other hand that the waste of capital in the building
of unnecessary new lines is to be prevented as far as it
is possible for the State to make provision to that effect.
952
THE CHRONICLE.
Of course this latter is equivalent to saying that in a
measure the projectors of a new road are to be pro
tected against their own folly, and that guileless in
vestors are likewise to be protected by being deprived
of the temptation to take the securities of such dubious
enterprises. Considering how great has been the loss
and injury to investors, capitalists and the general
public alike from the pursuit so long of the opposite
policy, the change marks one of the most far-reaching
departures ever made in the State.
There is still another consideration which adds
widening interest and importance to the pro
vision of the law referred to.
The statute now
applies to street surface railways as well as to
steam roads. It seems to have escaped notice
that the last Legislature amended section 59 so
as to bring the street surface roads within its provis
ions. Hence the law to-day is that no railroad can be
W ilt in New York State without the consent and per
mission of the State Board of Railroad Commissioners.
And to get the necessary certificate from the Board
the projectors must, the Court has now decided, be
able to prove affirmatively that public convenience and
necessity call for its construction. Altogether, there
fore, it is obvious that ventures which are without
justification or excuse will find it difficult to push
their way into being.
rvoL, l x .
In classing the cable as among the “ few providen
tial and marvelous events” which “ have sown the
seeds of history ” Mr. Depew is not exaggerating the
importance of that great instrument of modern com
merce. When eight hundred years ago Peter the
Hermit preached the sermon which was the prelude to
the First Crusade, Europe was groaniDg under the iron
heel of the feudal system. There was then, Mr. Depew
said, no law but the despotic will of the petty Baron,
and no protection against his exactions and the outrages
of his army of retainers. The Church offered refuge,
but it was not strong enough to protect the weak and
the many against the armed might of the few. The
Crusades broke the power of the Barons, increased the
authority of both the Church and the State, and
brought about that concentration of power which made
possible constitutional government and parliamentary
liberty. What followed Mr. Depew portrays in eloquent
language which we cannot resist quoting : “ They
(the Crusades) opened the way for Runny mede, for
Magna Charta, for the Bill of Rights and for the Dec
laration of Independence. The East had all the culture
of the world. It had all the literature, the arts and the
sciences which existed in that age.
It possessed
organized commerce and enlightened merchants. The
contact of brute force from Europe with this higher
civilization cultivated the paladin and the palmer, and
brought back to Europe a revival of literature, an im
pulse for trade, and an ambition for invention and dis
CABLE AND RAILWAY —AGENCIES OF COM covery. The Crusades founded the universities which
MERCE AND PROGRESS.
gave to the Middle Ages its scholars and philosophers.
Mr. Chauncey M. Depew has recently delivered two They brought out from the libraries the hidden
very notable addresses. Of course whatever Mr. treasures of the ancient world, and through the Greek
Depew says is worth hearing and reading, but these and Latin authors made possible the names whose
addresses are more than that. Mr. Depew is not only works are part of the treasures of mankind. To them
an eloquent and fascinating speaker, but the orations and their results can be traced the telescope, the micro
which he delivers on public occasions show an intimate scope, the compass, and, crowning them all in its
acquaintance with the world's history and a discrimi beneficent influences, the printing press.”
nating and correct judgment as to the course of affairs,
It required 400 years to accomplish these results and
while the purpose always is to turn the t o o n s of his bring Europe up to this standard. Then Columbus
tory to a useful account. In this way his orations are wandered from Court to Court, and the second great
made not merely entertaining but inspiring and in era in modern times— the discovery of the New World,
structive.
“ the most important chapter in the history of the
The two addresses to which we now have reference human race” — followed. Another 400 years elapsed,
are that on the “ Commercial Union of the States,” and then began the third great era with the laying of
delivered before the Detroit Chamber of Commerce on the Atlantic cable, which placed the United States in
the 2d of May, and the magnificent oration on the instantaneous communication with the rest of the earth.
presentation last week to the Chamber of Commerce The meeting of the projectors of the cable— which
o f this city of the painting of Cyrus W. Field and forms the subject of the painting presented to the
the projectors of the Atlantic Cable. In this last he Chamber of Commerce— was not heralded in the public
compared the cable in importance with the Crusades press, says Mr. Depew, “ but the States General of
and the Discovery of America— together marking three , Holland, staking the resources of their country upon
great eras in the world's history to which the develop the issue of religious liberty, the Barons at Runnymede
ment of modern times is to be traced. And the com forcing from the throne with their swords the principles
parison is a very apt one. Who can measure the change of civil liberty, the Continental Congress formulating
in business methods and in the affairs of the world the measures which should dedicate a continent to the
wrought through the agency of the cable. Some of us equality of all men before the law— neither nor all of
still remember the conditions which existed before its them accomplished any greater results for mankind
successful working, but the present generation can than those which will flow in future ages from the
hardly appreciate what a wonderful transformation success of the enterprise started so courageously ” by
that event has produced. As Mr. Depew said, no the projectors of the cable.
power can estimate and no language adequately state
The earlier address of Mr. Depew had for its subject
file benefits derived from the Atlantic cable. Com a theme no less inspiring, and it reveals the same
merce has been revolutionized, communication between keen insight into and analysis of the conditions and
the different parts of the earth infinitely quickened and influences governing the times as the later oration.
intelligence widely disseminated.
The people have The theme, as already stated, was the Commercial
been benefited in cheaper living, better homes, higher Union of the States, and in his speech Mr. Depew un
thinking and broader education; and peace has been dertook to show the influence of commerce as an everpromoted among the nations.
strengthening bond of union of the commonwealths
J u n e 1, 1895.]
THE CHRONICLE.
which constitute the Republic, and noted the agencies
existing and at work for the promotion of such com
merce. Said Mr. Depew: “ We live in an age of as
sociations. Steam, electricity and inventions have so
accelerated the pace of progress, have so re-duplicated
the forces of industry and trade, that the individual
has lost his place. Capital combines in corporations,
not only where it is required in vast sums for railways
and telegraphs, but in lumbering, mining, manufac
turing and store-keeping. Labor combines both in
separate industries and in general federation. The
educator and the scientist discover that development is
so rapid that they also must form associations if they
would keep step with the truth."
SpeakiDg of the work done in extending commerce
by the boards of trade and chambers of commerce
which are established all over the country, Mr. Depew
points out that there is no more beneficent form of
association. It is but a few years since these bodies
existed only in the large cities. Now they have been
created in every village of over a thousand inhabitants.
/ They are something more than boards of trade. They
I concentrate the energy, the business tact and the proI gressive spirit which develop the village and make the
town. They invite capital, they stimulate enterprise,
they create the conditions which attract populations.
“ They do more; while in no sense political, they per
form the highest public duties.
They know that
extravagance or corruption increases taxes, that taxes
make it more expensive to transact business, and that
the town in which business can be most cheaply done
will defeat its rivals. They become good government
clubs, and enforce efficiency in the public service and
purity and ability in public office. They are the sources
of commercial and national union in a republic."
Mr. Depew dwelt upon the magnitude of the coun
try's commerce, and the part played by the railroads in
creating and furthering it. He cited figures to show
the vastness of the railroad system, and the immense
amount of transportation work done by it, and also
the cheapness with which the service is rendered. With
these statistics our readers are familiar. In an elo
quent manner he described the influence of the modern
agencies of business and intercourse. “ The railroad
is am expression of commerce, and the iron rails, in
terlacing and intertwining through the States, are
bonds of union. The electric telegraph is a medium of
commerce, and the wires stretching north, south, east
and west keep all our peoples in daily touch with each
other. The telephone is the voice of commerce, and
New York speaks to Chicago and Chicago to San
Francisco in familar and family conversation. * *
Every dispatch which flashes over the wires, every voice
which is heard through the long-distance telephone,
and every train which thunders across the continent
are messengers of peace and union."
Mr. Depew touched likewise upon one other feature,
namely the change in the attitude of the public to
wards the railroads. Not so long ago the State legis
latures met mainly to cripple the operations of rail
ways and depreciate their properties, but the time has
come when the people of the United States with few
exceptions are recognizing the fact that the farm, the
factory, the mine, the mill and the railroad are insep
arably and independently connected, and that the pros
perity of any one of them benefits all, and an injury to
any one of them is an injury to the rest. 'It is also
generally admitted that whatever position the railway
may have taken in the past, it no longer asks anything
»53
except to be considered in the same light as other occu
pations and other properties. To illustrate how little
it really does ask, Mr. Depew said the position of the
railway could be accurately stated in the language of
the mate of the whaling schooner when the surly cap
tain had offered him, because of his success in captur
ing one of the monsters of the deep, promotion, honor
able mention, and a share in the profits. Said the
mate: “ Capting, I don't want no promotion. I don't
want no honorable mention. I don't want no share in
the profits. All I want is common civility, and that
of the darndest, commonest kind." The railroad wants
no more. It wants simply fair treatment.
THE IT A L IA N ELECTIONS— ORISP PS
TRIUMPH .
The Italian people have not been slow in coming to
a decision in regard to their Parliamentary preferences.
It was on May 8 that King Humbert signed the decree
dissolving the Chambers and ordering a general elec
tion for the 26th, at the same time fixing the date for
the opening of the new Parliament for June 10. The
elections were held on the day appointed, and the re
sult, as we are now assured, is in the last degree satis
factory to the King and his ministers.
The Chamber
of Deputies consists of 508 members, and of these 349
in favor of Crispi and his policy have been elected. In
some forty odd districts re-balloting will be necessary;
and it is confidently expected that the re-balloting will
increase the Government majority. It is beyond all ques
tion a great triumph for Crispi— all the more so that
no special programme was submitted to the electors
and that clerical influence was not in any way exerted.
It is entitled to be regarded as a fair election; and we
have a right to consider the result as an honest expres
sion of Italian sentiment.
The only reasons given by the King for dissolution
were the agitation and excitement which had become
so pronounced in the Lower Chamber, and because it
was deemed desirable to bring the Chamber into har
mony with the new electoral lists. The popularity of
Crispi and the opportunity which is again offered
him may be estimated by the fact that he was elected
in not fewer than nine districts. Attempts have been
made to belittle the victory, and there has been some
rioting ; but importance is to be given to neither.
There are many reasons why more than ordinary
interest has been attached to these elections in the
Italian Peninsula. The Kingdom has been passing
through a very trying ordeal. It is notorious that cor
ruption has prevailed among the public officials. The
Banca Romana scandals have smirched the reputations
of some of the most prominent men in connection with
the Government, that of Crispi not excepted. Of
course nothing has been proved. The trial of the
bank officials, from which so much was expected*
proved a failure; and although the finger of suspicion
steadily points to the late Prime «Minister Signor
Gioletti and others, there does not appear to be any
strong determination to push inquiry with a view
to bringing the offenders to justice. With a weaker
man in power there is no
saying to what
dangers the prevailing suspicion and distrust might
lead. The situation is all the more delicate, all the
more beset with danger, that the nation has for years
been suffering from many of the ills which come from
an impoverished exchequer, that the masses of the peo
pie are'poor, and unable to bear the burden of taxa-
954
THE CHRONICLE.
rvoL. l x .
tion which a needy government has imposed upon statesmen, politicians and financiers, are weary of the
them. In such circumstances it is of the utmost im burden, and call loudly on the Government to withdraw
portance that a man with inflexible purpose be at the from an alliance which they consider of much more
helm. Events have proved again and again that there advantage to others than to themselves. As the result
is not available among Italian statesmen a stronger of the elections there is excellent reason for believing
hand than that of Crispi. Iu his seventy-sixth year that better counsels will prevail, and that the Triple
he has all the intellectual vigor and energy of Alliance will be saved.
his earlier days, thus affording another example that
In view of the present situation in the East— a situa
in Europe at least political activity is not detrimental tion which is not yet free from difficulty— as well as in
to health and longevity. Not since Cavour was re view of the peculiar state of things in Africa, not for
moved by death from that work the necessity for getting European enmities and jealousies, we cannotbutwhich he himself had created, and from those scenes regardthe victory won by Signor Crispi at the ballotin which he found so much delight, has Italy devel box as fortunate and as having a powerful bearing on
oped a more capable political leader ; and one of the the question of peace or war. In our article of last
chief lessons read to us by the latest election is that the week on the situation in the East we had occasion to
people have faith in him more than in any other. Con refer to the prophecies of evil which were current,
fidence in the administration is what is wanted in the based on a supposed possibility of the breakicg
present crisis; and, considering its increased strength, up of the Triple Alliance through the defection
there is good reason to hope that the Government of Italy. With a weak hand at the helm of affairs,
machine will work smoothly and that Italy will enter and with a country torn by internal dissen
upon a career of prosperity.
sions, such an outlook would not be wholly
Not for Italy's sake alone, however, is there cause without a shadow of reason. But with Crispi at the
for gratitude at the turn events have taken. There is head of affairs and with a united people at his back,
reason for regarding the result of the elections as a there is not only no cause for alarm but abundant
blessing to Europe and to the world at large. On an cause for confidence.
Crispi, after Bismarck, has
important occasion not long since Signor Crispi said been the staunchest upholder of the Triple Alliance.
that the peace of the world depended upon France. After the enforced retirement of Bismarck, he lost no
That was true enough at the time. It is true in a time in coming to an understanding with his successor,
certain sense to-day. The same thing may be said, Chancellor Caprivi; and we may rest assured that he
and almost at any time, of any one of the great will not voluntarily withdraw his country now from an
Powers. There are occasions, however, when there is alliance which he considers absolutely necessary for her
special reason for apprehending danger from one par- j own individual well being as well as for the good of
ticular source more than from any other. Tnere was Europe and of the world at large.
special reason for dreading the action of France when
The new Parliament will not meet, as has been
at one time she seemed on the point of attacking already stated, until June 10. As the programme of
Germany, and when at another time she seemed the Government will be made known through the
on the point of invading Italy. Italy has ac speech from the throne, but not before, the event will
quired importance from a different cause. Sinoe be awaited with some impatience, and in some quarters
the establishment of the kingdom she has been accord probably with some anxiety.
ed an important place in the community of nations,
and having gradually grown in influence she has been
OREGON IMPROVEMENT COMPANY.
fully admitted into the rank of the great Powers. In
the partition of Africa she was fully recognized ; and
Attention has of late been called to the Oregon Im
as a member of the Triple Alliance she has powerfully provement Company by the contest, still pending,
contributed daring the last ten years to the mainten respecting the election of officers. On December 1,
ance of the peace of Europe. It would be nothing 1890, the company was unable to pay its first mortgage
short of a calamity if she were in any way backing down, coupons. A receiver was appointed, and it was thought
or retiring from the proud position to which she' has reorganization would follow. The present management
attained.
If she were proving unequal to the task however came to the front, raised the funds needed to
she has assumed in Africa, it would lead to a fresh meet the over-due coupons and obtained the discharge
scramble, and would lend encouragement to France of the receiver. The company has since met promptly
and probably Eussia to embarrass the British Power in its obligations. Now dissatisfaction is expressed and
the great work she is carrying on both in the north prominent stockholders talk of ousting the manage
and the south of the Dark Continent. If she were, ment. It is even said that the old managers in charge
through inability to meet expenses, finding it necessary at the date df the receivership may be reinstated.
We have no desire to take part in the existing contest,
to retire from the Triple Alliance, France and Eussia
might each find opportunity— the one to attempt the but in view of the frequent inquiries that have been ad
recovery of Alsace-Lorraine, the other to carry out dressed to us within a few months past respecting the
long cherished schemes in the Balkan regions.
company's property and business, it seems timely to state
It is no exaggeration to say that for some years past , as briefly as possible a few facts concerning the enter
the Italian Kingdom has been receiving close attention prise. Tne present officials claim that their inability
from the statesmen of Europe— by those who court the to Bhow better results for the stock is due to acts ante
continuance of peace and by those who are willing, if cedent to their accession or to events over which the
not even eager, to seize the first opportunity to carry company has had no control. Oar review may perhaps
on advantageous war. The depressed condition of in some measure substantiate this claim. But nothing
Italian finances has been suffieient reason for this out we may say or leave unsaid should be understood to
side watohfulness. Italy, it is well known, is carrying indicate that we approve of the refusal of the officers
more weight in the shape of debt and taxation than to allow a stockholder to examine the stock register—
she can bear; and not a few of her people, including with this action we have no complacence. We write
J une 1, 1895. |
THE CHRONICLE.
especially for the benefit of those who are interested in
the company's securities.
The Oregon Improvement Company was organized in
October, 1880, under the laws of Oregon. The position
of the enterprise in its early days was stated in
the following interesting paragraph published by
the Boston “ Transcript” under date of February,
1881 \
The first subscription circular of this company was issued
last October. The objects o f the corporation, as therein set
forih, wete to purchase and operate the Seattle & Walla
Walla RR., of twenty-four miles, and the connecting coal
m in e; to develop about 160,000 acres of wheat lands in
Washington & Oregon, and to purchase and develop timber
lands. For this $'2,525,000 was at first desired, but the project
was afterwards enlarged, so as to receive subscriptions of
$5.< 00.000 cash, for which $5,000,000 six per cent bonds and
$5,00 >,0 )0 of stock were issued. At the present market price
of the stock and bonds of the company, the original investors
have almost doubled their money, and that at the outset of
the enterprise. The following is a list o f the properties pur
chased, together with their cost price :
LIST OP PROPERTIES.
Co&t.
1. 8eattle <ft Walla Walla Railroad, including extension and
improvements............................................... ................. ........... $575,000
2. The properties of the Seattle Coal & Transportation
Oo„ including the Newvastle Coal Mine, entire stook........ 1,000,000
3. Agricultural and timber lands in Eastern Washington and
O regon.......................................................................... . . . . . . . . . .
420,000
4. Properties of ths Portland Lutmer & Manufacturing Co.
160,000
5. Two lumber flumes with timber lards.................... . . . . . .
100,000
6. Dock property of the Ceion Lumber Association in San
343,000
Francisco, intended for a general o >al depot.......................
7. Coal bonkers at Seattle and San Francisco........ ............. .
150,000
8. Two steam oollier-, building ....................................... .
700,0 0
9. Two steam colliers, purchased...............................................
400,000
Total cost . . . .........................................................................$3,850,000
"Working capital rem aining.......... ............................................ 1,150,000
$5,000,000
Thus $1,150,000 remains in the treasury as a working capi
tal, though half of this may yet be invested in productive en
terprises At leist half a mi lion will be kept as quick assets
of the company. The above-mentioned properties are already
earning about $500,000 per annum, and it is estimated that
when the four steam collieries are in operation next Septem
ber, the company will have net earnings from all sources of
between $800,000 and $1,000,000.
It will be seen therefore that from the very first the
company's interests have been greatly diversified, em
bracing steamship property on the Pacific, railroads,
coal properties, lands and miscellaneous sources of in
come.
Since 1881 the company's capital stock has been in
creased from five millions of common stock to seven
millions of common and $321,800 of preferred stock.
Its first mortgage bonds have been reduced by the sink
ing fund to $4,087,000, but on the other hand consoli
dated mortgage bonds for $6,474,000 have been issued
and are now in the hands of the public. On the com
mon stock dividends were paid in 1883 to a total of 7£
p8r cent; in 1888 of
per cent; in 1889 of
per
cent; in 1890 of 3 per cent. No dividends have been
paid on the common stock since 1890. The increase
of capitalization has been concurrent with an expansion
of the company's property; hence before examining the
earnings and the cause of failure to earn dividends it is
desirable to ascertain precisely of what the assets now
consist.
E irly in its history the company sold its agricultural
lands, and its property at the present time mainly em
braces its steamship lines, coal properties and railroads.
The steamships are operated by the Pacific Coast Steam
ship Cempanv, and run from San Francisco “ to all
important points on the northern and southern coasts
of California, and to Portland, Oregon, British Columbia
and Alaska." They number twenty in all, of which
eight (5 iron, 2 steel and 1 wood) of an aggregate ton
nage of 11,022 belong to the Oregon Improvement
Company and 12, aggregating 7,983 tons, belong to
the Pacific Coast Steamship Company, 4 of these last
being iron and 8 wood. The entire capital stock
955
($2,000,000) of the Steamship Company is the property
of the Oregon Improvement Company.
The railroad properties aggregate 216 miles, of which
137 miles are narrow gauge and 79 miles standard.
They are detached, being situated in several different
localities, and to a considerable extent, as subsequent
events have shown, the money expended upon them
was spent ill-advisedly. Four separate corporations
own the railroad lines, the securities of these corpora
tions being all owned by the Improvement Company.
The difficulty of operating the roads economically is
apparent when we say that one of the companies (the
Pacific Coast Railway Company) has an eighty-mile
line in Southern California, built into agricultural dis
tricts as a feeder to the steamship business, that an
other (the Columbia & Puget Sound Railway) is near
Seattle, Wash., and does almost exclusively a coal busi
ness, carrying the company's coal to tide water; that a
third (theSeattle & Northern Railway) liesover 80miles
north of Seattle, running from Anacortes, on the coast, to
Hamilton— a local line of small earning capacity; and
the fourth (the Port Townsend Southern Railway) is
in two parts, one part 15 miles in length being about
60 miles southwest of Seattle, and the other part 27£
miles in length being 50 miles northwest of that city.
The railroads are mostly laid with light rails, partly as
low as 40 lbs., and with the exception of the Columbia
& Puget Sound Railway, which has the company's coal
traffic, give no adt quate return on the capital invested.
The railroads were almost entirely built prior to
the company's default in December, 1890, only 7
miles, we believe, having been completed since that
time.
The coal properties, as the earnings show, are un
questionably valuable. Large shipments to this coun
try of foreign coal, particularly of the Australian pro
duct, have prevented the coal becoming the source of
profit that it otherwise would have become, but it is nev*
ertheless a valuable article. The coal]from the Franklin
mine is described by the company “ as being one of the
best steam coals produced on the Pacific coast, although
its friable nature operates against its large or success
ful introduction as a house fu el." The coal from the
New Castle mine is of a lignite character and has been
used partly for house and partly for steam purposes.
These are the principal coals produced by the com
pany's proprietary corporations, the Seattle Coal &
Transportation Company and the Franklin Coa 1 Com
pany.
The coal lands at New Castle embrace
2,083 acres and at Franklin 3,050, a total of 5,133
acres.
As our space is limited, we will now pass to a con
sideration of the earnings of the several properties.
Below in two tables are given the gross earnings for the
years 1885 to 1894, inclusive, of each of the constituent
properties, and the total gross earnings of the
Oiegon Improvement Company. In two other tables
immediately following are shown the net earnings, be
fore deducting taxes, general expenses or fixed charges,
for the same properties :
GROSS EARNINGS.
P ort
Tear to
t Pacific
Nov. 30— Ooa*t SS.
1*94........ ,.$2,478,936
1893........ . 2,536,341
1892........ . 2,585,105
1891........ . 2,825,839
1890........ . 2,981,345
1889........ . 3,010,367
1888........ . 2,097,968
1887........ . 2,638,750
1886 ....... . 2,155,304
1885........ . 1,920,937
Pacific
Coast Py.
$118,147
181,920
176,742
193,957
155,490
185,377
260,783
193,004
158,721
116,760
Col. <t Puget Seattle <6 Townsend
Sound Pii. North. Py. South. Py.
$324,837
$40,201
$11,111
346,916
57,765
15,246
315,649
71,283
23,613
333,044
62,307
38,001
397,656
........
10,473
3*2,259
.........
....... .
469,084
........
.........
290,-67
.........
......
167,291
......
.
214,494
.........
.........
t Including Oregon Improvement Company’ s vessels.
956
THE CHRONICLE.
V Rents,
Lumber
Year to
Coal Ban Fran- Steam Lands <£ Yards,
Rfír. 30— part ment, cisco.
etc.
Total o f all.
Collier. Flumes.
1894.........$660,294 $16,929 $102,327 $4,522 $1,039 $3,758,403
7,529
3,898,418
1893_____ 681,842
16,598
45,829 8,832
9,713
3,891,975
ÏB92......... 632,937
19,490
*29,264 28,179
7,881
4,300.960
1891......... 598.345 19.812
206,141 15,633
517 4,407,821
1 8 9 0 ....... 663,479 18,561
179,123
1,177
........
4,361,660
113,330 3,072
1889......... 650,122
17,133
........
4,891,674
1888....... 1,178,181
14,690
269.533
1,435
........
4.060,971
1857......... 667,873
14.486
253,583
2,408
........
2.946,107
1886......... 307,588
15,663
141,192
348
........
2,882,207
1885......... 366,599 107,003
149,459 6,955
* Steamer “ Eastern Oreyon,” wliosel earnings in 1891 had heen
$88,9(3, was destroyed by fire Deo. 2,1891.
T Also called “ Beale Street Wharf.”
NET EARNINGS.
IV ol. L X
any lively expansion in business would certainly benefit
the steamship traffic. The railroads must always be
expensive to operate, since they require separate super
intendents and officers, and they will demand consider
able outlay to make their physical condition equal to
that of most other roads of the region in which they
lie. The coal mines, provided their supply of coal
holds out, should be increasingly valuable. Rumor
has it that a plan is on foot to lease the property of the
Oregon Improvement Company to a prominent railroad
company. Such an arrangement, provided the lease be
of a suitable character, would seem likely to be desir
able. By itself the Improvement Company has not a
few difficulties to contend against. Attached to a
great railroad corporation the Oregon Improvement
Company could furnish it with coal, with railroad ac
commodations in Seattle and with steamship connec
tions of value.
Pori Town
Year to
Pacific
Pacific Orl d Puget Seattle <& send South
ern
Ry etc.
Jiff®. 30— Coast SB. Coast Ry. Sound RR. Rorth.Ry.
def. $ i 0,888
$5,212
1894........... $403,843
$24,771
$151,121
def. 13,028
12,933
1893
. 438,263
53,662
137,283
20,425
def. 11,237
1882........... 421,751
60,025
130,588
6,148
net
24,669
1891........... 506,934
91,899
126.240
5,787
1890........... 330,079
58,410
172,565
86,319
172,244
1869........... 410,731
1888........... 817,189
112,750
199,517
.1887........... 7( 9,484
110,014
132,968
1886........... 520,577
51,748
59,757
46,266
77.033
1885........... 4¿7.404
Lumber
Rents, San
Total
Steam
Lands <& Yards,
Year to Coal Be- Franetc.
o f all.
Cottier.
Flumes.
Hjav. 30— parlment. cisco.
$758,147
$24,659
def.$2,660
def.$454
1894
.................. $145,889 $16,674
112 def. 1,240 netl,893 801,787 fflLau£t%^t%i<&0mm&Ktivd%UQllsU<
18.93........ 155,*76 16,033
& zxoB
2,872 812,560
1892........ 174,681 19,306 def.24,704 netl8,853
1,910 909,499
4,967
1891........ 88,‘ 47 18,454 net 39.431
[From
our
own
correspondent.]
746,527
221
43,959 def.
868
18&0........ 15 3,161 13,213
785,569
23,913 def. 2,425
1889........ 82,069 12,718
L o n d o n , Saturday, May 18,1895,
1,097,731
86,258 def.11,992
1888........ 382,363 11,646
1,144,144
37,526 def.15,143
1887........ 158,816 10,479
Rates
in
the
money
market
continue to decline in spite of the
739,769
30,433 def. 6,430
4,593
M ia ........ 79,088
632,461 efforts of the larger banks to keep them up. The supply is
12,515 def.
96
1885........ 29,438 39,901
Wifh the aid of these tables it seems to us t&lerably
clear why the Oregon Improvement Company with its
iiew obligations created to build railroads and for other
acquisitions is less well situated than formerly for earnkig dividends on its stock. In 1888 the company
showed gross earnings of $4,891,674, the largest in its
history. Since tben there has heen a steady decline,
due in considerable measure unquestionably to the
depression in the Far West, but to no insignificant
extent to other causes of not a temporary nature. In
1889 the steamship earnings aggregated over three mil
lions of dollars, being about 70 per cent of the total
earnings of the Oregon Improvement Company. The
rival railroad lines which have since been completed up
and down the coast have both drawn away traffic and com
pelled the doing of business by the steamships at lower
rates. The consequence* is that the steamers fail to
produce the amount of money which they formerly did.
The Pacific Coast Railway has had its earnings
affected by an extension of the Southern Pacific Rail
way, and the other lines as also the Pacific Coast Rail
way have felt severely the dull times, the lumber busi
ness, which is an important factor, having been cut
down to a minimum. The coal business tends to increase.
In 1888 it was abnormally swelled by a coal famine
occasioned by a strike in the Australian mines and by
other causes.
In conclusion it may be said that so long as the com
pany remains independent in its operations its earn
ings are likely to fluctuate. The steamships, which
still furnish two-thirds of the gross earnings, cannot
be expected to suffer any less from competition in the
future than in the past. On the other hand the ca
pacity of the West for “ booming” is well known, and
* Unfortunately the company’s reports for the last three years have
not been as explicit as those for the years preceding, so that we cannot
asBhrtain down to the present time what the several steamship lines
are earning It is instructive, however, to note that tee Southern
California route, which was formerly the most profitable and which in
1887 earned $1,533,042 gro->s and $535,549 nen, in 1890 earned only
»759 729 and had a defloit after p a jiog operating expenses of $33,077.
In 1891 its gross earnings were $ 03,651 but its net earnings were
duly $ li0.487. Similaily, the other routes which have been brought
into competition wuh railroad lines, namelv the Oregon and the North
cHlifori la routes, show a «oueideraDle deoline in earnings. The form
er had net earnings ia 1891 of $52,9 LI and i n 189 J o t $39,48 ■< con
trasting with $89.371 in 1885 and $128,704 in 1886, and the latter
Mad nor earnings in 1891 of $12,331 and ia 1890 of $15,644, against
$21,642 in 1887 and $33,142 in 1889.
. . . . ... • .
. .
To offset in part this loss the net e irnings of the Alaska roifte have
trcrea8ed, being $127,047 lu 1891 and ouly $22,377 in 18»6. The
Puget Sound route also shows
increase, but of a variable character,
™ie net earnings being at different periods as follow s! In 1891, $183,M 9 in 1890, $222,909} in 1888, $256 [sic]; in 1885, $95,383.
increasing, although speculation is expanding in every direc
tion and trade is steadily improving. The prices of commod
ities are gradually rising—not much as yet but still satisfac
torily. For example, the average price of wheat in the
principal markets of England and Wales rose last week Is.
per quarter.
There has been a pause this week in the silver market and
the price is slightly lower. The rise that has recently taken
place is entirely speculative, and it has been so quick and
rapid that both India and China have ceased buying. Y et
the speculators are exceedingly powerful and well-informed,
and they show no abatement of confidence. Nothing has
yet been decided respecting the coming Chinese loan, for it is
not yet settled what compensation Japan is to get for
giving up Port Arthur.
Earnest efforts are being
made by the Hong Kong & Shanghai Bank, sup
ported by powerful interests in London on the one hand
and by syndicates of both German and French bankers on the
other hand, to get the loan. It is said that the German Gov
ernment is strongly supporting the German banks. In Lon
don the impression is that China can pledge revenues suffi
cient to justify a loan of 40 millions sterling or perhaps a
little more, but that it would be altogether rash to lend much
more. On the Continent it is asserted, on the contrary, that
the first instalment of the loan will be for 50 millions sterling,
and that a further large loan will follow after a while. The
Continental bankers are insisting, however, upon a European
control not merely o f the Customs revenues but of other
taxes, and it is not believed here that China will agree to that.
What is thought probable is that the administration of the
Customs will be extended to some other taxes which will be
specifically pledged to the loan.
Business on the Stock Exchange has received a further
check, this week owing to apprehensions in the South A fri
can market. As was mentioned last week, there was very
great difficulty at the last settlement in carrying over South
African securities. The account open was the largest that had
ever existed and it was found physically impossible to carry
it through, even though brokers and dealers kept their staffs
at work through the night. In consequence there was a sharp
fall in prices, and on Monday one dealer was declared a de
faulter. He was a person of comparatively small means, but he
had speculated on an immense scale and had been unable at the
settlement to obtain ■!#§ loans which he asked for. The sale
of his stocks caused a further fall. On Tuesday there was a
slight recovery, but weakness returned on Wednesday when
another member of the House who had been in joint account
with the person just referred to was likewise declared a de
faulter. Since then some of the smaller dealers have sent
out circulars to the brokers intimating that they would be
unable to carry over at the settlement next week as they
usually have done hitherto. This created* very general
alarm, as it was sup nosed at first that the whole of
\
\
\
1
THE CHRONICLE
J u n e 1, 1895.]
the dealers would act in a like way. Quickly, how
ever, it become known that the larger dealers would give
the usual accommodation, and late on Thursday there was
some recovery. The sales during the past ten days have been
enormous, and it is believed now that the market is in a
healthier and a sounder state than it has been for two or
three months. Probably the speculative account will be
found next week to have been so much reduced that there
will be a sharp recovery. There is no doubt at all that specu
lation had become quite wild during the last few weeks ; but
it is also certain that the break-down was largely due to the
mismanagement of the Stock Exchange Committee in not
giving the necessary accommodation, and to the failure of
both brokers and dealers to provide themselves with sufficient
staffs.
The apprehensions in the South African department have
checked business in all directions, although the first result
was much larger dealing in the American department. At the
end of last week the buying of American securities of all
kinds was exceedingly large. Early this week, however, the
buying fell off, and about the middle of the week the fear of
further difficulties in the South African department led to a
good deal of selling of American securities. On Thursday
morning there was very much apprehension in all depart
ments, but as soon as it became known that the New York
Central Company had sold to the Messrs. Morgan their unis
sued shares in the Treasury a recovery took place, it being
generally assumed that this meant a great revival of con
fidence in the United States. Since then there has been a
further increase . in business. There is a good demand for
bonds by investors and a large speculative demand for shares.
The British railway market shared in the general dullness,
caused by the apprehensions in the South Africanjdepartment,
and the dullness was increased by a judicial decision that the
London Chatham & Dover Company had for years past been
charging too much between London and Calais. The recov
ery in the American market, however, has again improved
British railway stocks. Inter-bourse securities have likewise
been weaker, owing largely to the fall in South Africans, but
to some extent also to the Ministerial crisis in Austria-Hun
gary.
When the dispute between Count Kalnoky, the AustroHungarian Chancellor, and Baron Bauffy, the Hungarian
Premier, was settled a couple of weeks ago, it was hoped thaf
the personal influence of the Emperor would be sufficient to
put off any further crisis for a time. But the hope has proved
fallacious and Count Kalnoky has resigned. He has strong
clerical sympathies, and he is accused in Hungary not only of
ignorance of Hungarian affairs but of a strong dislike of
Hungarian policy regarding the Church ; and it is alleged
that he allowed his personal feelings to color his attitude.
The feeling in Hungary became so strong that the Emperor
has felt compelled to accept the Count’s resignation, although
his general conduct of foreign affairs is approved of by all
parties. The internal troubles in Austria-Hungary naturally
give rise to the fear that the Triple Alliance will break up.
The insurrection in Cuba, too, is weighing upon the bourses,
On the other hand there is a more hopeful feeling respecting
Italy.
In spite of the sharp fall in South African securities and the
apprehensions it has excited, there is no loss of confidence.
The general feeling is that the shake-out has made the
market much safer, and that before very long there
will be a general recovery. The best opinion is that there
will be a plentiful supply of money at the settlement which
begins next Wednesday, that the “ bull” account will be found
sufficiently reduced, and thatj carrying-over rates will be
light. Since late on Thursday there has been considerable
buying by powerful people, and the feeling in all depart
ments has changed greatly for the better.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, & o.,
compared with the last three years:
1895.
May 15.
£
1894.
May 16.
1893.
May 17.
1892.
May 18.
£
X
£
Eirculation.................................. 25,790.580 25,058,035 20,589,590 25,592,000
Public deposits.......................... 8.442,118
7,034,959
5,478.120
6,837,022
JRher deposits.......................... 34,871,939 29,760,824 29,9o0,024 31,195,535
Government securities............. 13,424,600
9,891,422 11,208,101 11,250,001
Other securities......................... 19,710,815 20.522,072 30,087,080 27.232,040
Reserve o f notes and coin......... 27,959,874 24,751,835 13,323,312 16,048,2)4
Coin A bullion, both departm’ts 36,950,451 33,009,900 23,102,902 25,190,244
Prop.reserve to liabilities..p. c. 04 5-10
65 15-16
30 1-16
43)¿
Bank rate......................per cent.
2
2
*4
2
Consols, 2% per cent.................. 105 13-13
100 7-16
97%
97%
Silver.......................................... +30J$d.
28 l-10d.
37%d.
40 3-16d.
Clearing-House returns............ 109,519,000 130,728,000 155,878,000 137,143,000
+ May 10, 1825.
* May IS,, 1893.,
957
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 :
May 17.
Interest at
May
Bank
Open
R ate- Market
2
Paris................
Berlin.......... .
Hamburg.........
Frankfort........
Amsterdam....
Brussels ......
Vienna. .........
St. Petersburg.
Madrid ...'
Copenhagen...
3
3
3
2X
2X
4
6
10.
May 3.
Bank
Open Bank
R a te. Market R a te.
m
m
1«
1%
m
S
IX
SX
5X
4
2
3
3
2X
2X
2
IX
IX
IX
IX
IX
IX
SX
6X
3
3
3
2X
2X
4
26.
Bank
Open
R a ts. Market
Market
2
IX
IX
IX
IX
IX
IX
SX
April
Open
IX
3
1%
8
2X
2X
IX
IX
IX
IX
4
4
3
6
0
5%
6
bx
6
5
5
5
6
6
5
3%
3%
3%
SX
SX
3%
SX
SX
Messrs. Pixley & Abell write as follows under date o f
May 16 :
5
Gold—Enough inquiry exists to prevent any bars reaching the Bank.
£14,000 has been reoeived and £100,000 has gone to the Cape. Arri
vals: South Africa, £124,000; River Plate, £10 ,0 0 0 ; West Indies.
£53,000; total, £187,000.
Silver-W ith very good demand and rather scanty supplies, silver
advanced to 30%d., but more silver oomiDg on the market than was
wanted, the price has since fallen slightlv to 30%d. A rrivals: New
York, £145,000; Cape Town, £2,000; West Indies, £10,0 0 0 ; total.
£157,000.
*
’
Mexican Dollars—The last price for these coin was 30%d. Supplies
are intermittent.
The quotations for bullion are reported as follows :
GOLD.
London Standard.
SILVER.
May 16. May 10.
8.
77
8ar gold,fine....os.
Bar gold, parttng.oz
Span, doubloons, os.
0. S. gold coin. ...oz.
Gterman gold ooin.oz
77
73
70
70
d.
9
9%
8
3%
ÍX
*.
77
77
73
76
76
London Standard.
May 16. May 10
a.
de
9 Bar silver, fine. ..os.
9% Bar silver, contain
8
ing 5 grs. gold., ox.
3X Cake silver......... os.
4% Mexican dollara..oz.
d.
SOH
SOX
81
33 1.16
30%
SOX
am
3CÎ4
The rates for money have been as follows :
Interest allowed
tor deposit» by
Open Market Rate».
London.
Apr. 10
"
26
May 3
“ 10
.. 17
Bank Rills.
trad e BOI».
Disc’t H'»e
Joint
Three
Four
Six
Three Four
Six
Stock At 7 to 14
Month» Month» Month» Month» Month» Month» Bank». Call. Day».
lidflT-
____
i
~X ~ ÍÜT
1@1% l%@l% IXmX X
1@1% 1%®1% 1% X
1
1% 1% X
1@1%_____________________
i%@m
X
lS-10-74'15-16-1
94-13-10 13-16 15-16-1
13-16 13-16-% 1 6-10-1
94-13-16 13-10:% %-15-ie
13-16
% I %®1
X
The following shows the imports of cereal produce into th e
United Kingdom during the first thirty-seven weeks of the
season oompared with previous seasons:
IMPOSTS.
_
1894-5.
Imports o f wheat-owt. 49,908,566
Barley......................... 19,574,124
Oat»............................. 9,858,927
Peas............................. 1,747,999
Beans........................... 3,168,902
Indian corn................. 18,123,314
F lo u r .............. .......... 14,145,120
1893-4.
42,094,431
23,938,222
9,126,283
1,823,086
3,870.066
24,376,358
13,730,379
1892-3.
42,479 288
12,526.800
9,021,436
1,604,608
3,138,197
21.101,830
15,055,802
1891-2.
46.451.508
14,500,886
9.442,575
2,113,762
2,511,253
19,692,017
14.373.951
Supplies available for consumption (exclusive of stocks on
September 1):
_
V'
^
1894-5.
1893-4.
1892-3.
1891-2.
Wheat imported.cwt.49,908.566 42,094,431 42,479 288 46.451.508
Imports of flour......... 14.145,120 13,730,379 15,055,302 14.373.951
Bales of home-grown. 16,332,656 17,387,460 20,351,118 23,979,405
Total...................... 80,386,342 73,212,270 77,886,208 84,804,864
1894-5.
1893-4.
1892-3.
1891-2.
Aver, price wheat week.22s. 44.
24s. 9d.
26s. 4d.
31s 7 d .
Average price, season..20s. Od.
25s. l i d .
26s. 8d.
34s. 9 d .
The following shows the quantities of wheat, flour and
maize afloat to the United K ingdom :
__
Wheat.................qrs.
FlaHr, equal to qrs.
Maize..................qrs.
This week. Last week.
3,499,000 3,318,000
268,000
305,010
257,000
188,000
G n g lls h F i n a n c i a l
1894.
3,680,000
376.000
603.000
1893.
3,416,000
305.000
500.000
« l a r K e u - P e r C a b le .
Tbe daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending May 31:
London.
Sat.
Silver, per o z . . . ............. 30%
Consols, new, 2% p. cts. 1063le
For account................. 106%
Fr*eh rentes (mParis)fr. 102-60
Atoh. Top. & S. Fe. com. “ 1"%
Canadian Paoiflo............ 5338
Chic. Milw. & St. Paul.. 69
Illinois Central. . . . . . . . . 98%
Lake Shore................ .
Louisville & NashviUe.. 60%
Mexican Central 4 s ..... 68%
N. Y. Central & Hudson 104%
N. Y. Lake Erie & West. 13%
2d consols.................... 72%
Norfolk & West’n, pref.
Northern Paoiflo, pref.. 20%
Pennsylvania................ 54
Phil. <fe Read., per share 10
Southern Ry., com ........ 14%
do
pret’d ............. 41
Union Pacific........ ........ 15%
Wabash, n- e f.................
First assessment paid.
Mon.
Tues.
Wed.
30iiia 30%
30%
1063,6 106% 106%
106% ¡106% 106%
02-6 ¿X 102-40 02-42%
11%
54%
69%
98%
11
53%
68%
10%
68
Thürs.
Fri.
30%
30%
106% 106%
106% 106%
02-47% 102-40
11%
68%
53%
54%
98%
11
54%
68%
98%
98
59%
67%
104
60
60
104%
14
72
59%
67%
104%
13%
71
104%
104%
71
70%
71
21
54%
10%
20%
54%
10
19%
54%
54%
9%
20%
54%
10
15%
40%
14%
61
68
14%
41%
15%
20%
12%
9%
66%
1.%
98
11%
40
14%
958
IH E CHRONICLE.
C o m m e r c i a l a n Ä ^ U s c c X I a u c o u s HLexxJB
I m po rt s a n d E x p o r t s f o r t h e w e e k .— The following are
the imports at New York for the week ending for dry goods
May 23 and for the week ending for general merchandise
May 24; also totals since the beginning of the first week in
January.
f o r e ig n im po r ts a t n e w f o r k .
|
For Week.
Dry Goods.......
Gen’l mer’dise.
1892.
1893.
1894.
$1,624,589
8,752,912
$1,770,994
8,426,467
1895.
$1,016,426
4,674,452
$2,563,091
6,551,864
Total.......... $10,197,461 $10,377,501
$9,114,955
$5,690,878
Since Jan. 1.
Dry Goods....... $52,450,660 564,617,151 $36,733,059 $64.341,402
Gen’l mer’dise. 183,018,737 212,478,998 142,92 8,788 147,253,112
Total 21 weeks $235,469,397 $277,098,149 $179,661,847 $211,594,514
EXPORTS FROM NEW FORK FOR THE WEEK
For the week..
Prev. reported.
1892.
1893.
$6,812,608
159,532,588
$5,973,145
184,088,865
1894.
1895
$6,792,361 $7,200,542
146,508,355 135,853,753
Total 21 weeks. $166,345,196 $140,062,010 $153,300,719 $143,054,295
The following table shows the exports and imports of specie
at the port of New York for the week ending May 25 and
since January 1, 1895, and for the corresponding periods in
1894 and 1893:
EXPORTS AND IMPORTS OF SPECIE AT NEW FORK.
Gold.
Great Britain............
West Indies...............
M e xico ......................
South America..........
Allother countries..
Total 1895..........
Total 1894..........
Total 1893 ........
Silver.
Exports.
Week.
Imports.
Since Jan. 1
$8,087,500
11,916,400
5,772,036
7,344,271
$1,500
2,988
822,354
258,9 8 i
$4,488 $34,201,549
4,434,375 41,814,350
4,539,582 61,128,218
Exports.
Week.
Since Jan. 1.
\mncejan. )
$997,633 $13,472,546
200,720
“
4,473.753
1,527,152
'*1 ,5 1 0
133,040
¿0,8*20
Week.
$816,680 $12,332,166
Germany....................
West Indies...............
Mexico........................
South America-_____
A lother countries.
11,025
83,637
399
484,442
17,277
26,828
12,814
14,092
$873,389 $12.928,946
515,815 15,368,320
692,455 11,168,877
$53,734
9,330
33,413
Total 1895..........
Total 1894........
Total 1893..........
49*000
5,903
176,639
50,796
,210,683 $19,S52,923
77,068
7,803,131
10,551
5,105,606
Imports.
Great Britain............
1,806
18,898
Since Jan. 1
$40,730
3,364
3,809
111,459
247,269
170,438
13,551
$590,620
601,442
1,963,644
Of the above imports for the week in 1895 $1,510 were
American gold coin. Of the exports during the same time
$4,488 were American gold coin.
ol.
LX
— Messrs. Redmond, Kerr & Co., in their advertisement in
to-day’s Chronicle, offer investors several issues of invest
ment bonds and guaranteed stocks. Detailed information
and quotations can be had on application at their offices in
New York and Philadelphia.
—The Joint Executive Reorganization Committtee o f th&
Atchison gives notice that after June 10th deposits of securi
ties will only be received with the c msent of the committee,,
and upon such terms as they may impose.
—A choice list of State and city bond issues suitable for
New York Savings Bank investments is advertised in
our municipal columns by Messrs. Bloiget, Merritt & Co. of
Boston.
—The Union Pacific first mortgage bondholders’ committee,
C. C. Rawlings, Secretary, 80 Broadway, request the ad
dresses of bondholders. See advertisement.
City Railroad Securities—Brokers’ Quotations.
Bld.
Ask.
Atian. Ave., B’klyu —
Con. 5s, g.. 1931..A&O 107 110
Impt. 5s, g., 1934.. J&J
98
Bleek. St. & Fui. F.—Stk. 29
31
lstm ort., 7s, 1900. J&J {110% 112 's
B’ way &7th Ave.—Stock. 194 197
lstm ort., 5s, 1904. J&D §106% 108 ia
2d mort., 5s, 1914.J&J {109 111
B’way lst,5s,guar.l924 {112
2d 5s, Int. as rent’i.1905 {IO434 106%
Consol 5s, 1943...J& L 1133s 113%
Brooklyn City—Stock.... 164 166
Consol. ôs, 194x...J&J 112
__
Bkiyu.Crosst’nôs. 1908 105
Bkl’n Q’nsCo.&Suh.lsi {101 103
Bklyn.C.&N’wt’ wn—otk 200 ......
ôs, 1 9 3 9 ............ ........ {108% 109%
Brooklyn Traction..........
10
12 Si
52
Central Crosstown—Stk. 185 205
lst M., 6s, 1922...M&N {118
Cen.Pk. N.&E.Rtv.—Stk. 160 164
....
Consol. 7s, 1902...J&D {114
Christ’p’r&lOth SL—Stk. 150 155
ls t mort. 1898 . . . A&O 105 108
Bld.
Columbus & 9th Ave. B*.
D. V. JS. B. & Bat’v —Stk.
1st, gold, 5s, 1932. J&D
S crip .............. ...............
Eighth Avenue—Stock...
Scrip, 6s, x9l4 .............
42d& Gr. 8t. Fer.—Stock
42d8t.& Man.&St-N.Av.
lstm ort. 6s, 1910.M&8
2d mort, income 6s .J &J
Long Tsland Traction___
Le* .Ave.&Pav.Ferrv 5s.
Metropolitan Traction...
Ninth Avenue—S tock...
Second Avenue—Stock..
1st mort.,5s, 1909. M& v
Debenture 6s, 190». J &J
Sixth Avenue—stock ...
1st mort., 5s, 1937. J&J
Twenty-Third St.—St’ k.
Deb. 5s, 1903 ............
Union Ry—S tock...........
1st 5s, 1942...................
westchest’r, 1st,gu.,5s.
Ask.
00^
C CO
1»H
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending May 28 and from January 1 to date :
[V
1091*
165
114 V 116
{103 104%
305
103
305 315
57
60
{116 1161*
57
60
11
11%
10734 108%.
94 ta 95
149
148 152
108 109%
103 104%.
216 220
178 180
119
300
100 105
103
{i04% 106%
{ 98
1
9 And accrued interest.
Gas Securities—Brokers’ Quotations.
GAS COMPANIES.
Brooklyn Gas-Light........
Central............ 7...
Consumers’ (Jersey City).
Bonds............................
Citizens’ (Brooklyn)__ _
Jersey City & Hoboken..
Metropolitan—Bonds.......
M u tu al (N. Y...................
Nassau (Brooklyn).........
Scrip..................... ......
N. Y. & East Riv. lst 6s..
Preferred ...............
^nmnioTi
.
Bid. Ask.
GAS COMPANIES.
Bid. Ask».
People’s (Brooklyn). ..... 90
135 1>0 Peoples’ (Jersey City).... 170 ...... %
77 Metropolitan (Brooklyn). 175
72
99
205
97
66
1st6s................ . ...... 105 108*”
18Ö“ 200
175
108
105
168 17Ï"
195 197
210
106
100
100 102%
89
90
Common................
64 % 55%:
____
57
47% 49 >a Western Gas
59
28
29 % Ronds, 5s.. ___ _ ___ 87
88%
Auction Sales.—Among other securities the following, n o t
regularly dealt in at the Board, were recently sold at auction t
By Messrs. R. V. Harnett & Co.:
Snares.
Bonds.
2 BlonniDg Grove Park
$10,000 Knickerbocker Phos
Ass’n. $450 e a ch ...$ 3 0 each.
phate Co. bs. 190 i ............... $100»
100 Amer. Ex. Nat'i Bank...158% $1,000 Receiver's C -rfc. of
580 Knicker. Phosphate (Jo..$50
the Lanoa-ter & Hamden
Ry., due Nov. 1, I s 9 5 ........ $50*
By Messrs. Adrian H. Muller & Son:
Shares.
8 New Jersey Zinc & Ir.Co. 84
15 Watreu RR. Oo.............. 160
22 Niagara lir e Ins. Co...... 130
—Messrs. Speyer & Co, willreceive subscriptions for $5,000,- 20 Baok Siate of New York. 105%
4 Cent.Tr.Co.of N. Y.1O20&1026
000 Allegheny Valley Railroad Company 4 per cent general
Mercantile Trust Co.
35
mortgage gold bonds at 104 and accrued interest, principal ICO
4 Peter Cooper Fire Ins. Co. 130
and interest unconditionally guaranteed by the Pennsylvania
2 Broadway Fire ins. C o ..l2 5 1s
Railroad Company by endorsement on each bond. Of the 25 Four ih Nat. Bank. N. Y .18 7
10 Lawyer»’ Title Ins. Oo. ..136
bonds now offered $4,000,000 are issued for the purpose of re 54
N. Y. Produce Exch. Bk.124
tiring a like amount of 7.3 per cent bonds maturing March 1,
, Bonds.
1896. The subscription boi ks will open on Wednesday morn $1,000 Warren RR. Co. 2d M.
7s.
1900,
A&O.....................
ing, June 5, at 10 o’clock, and close at 3 o’clock P. M., or $1,000 Columbus & Ind. Con.11438
earlier, on the same day, the right being reserved to reject
Ky. 1st s. f. 7s, 1904, J&J.. 120
Bonds.
$1.000 Jersey City 6». funded
debt bonis, 19 -9, F&A ...117% .
$.',090 City of Bayonne. Hud
son Co , N J., os, refunded
assess, bouds, 1911, J& J...107%:
$3,0 io City of Syra;use 7s,
HR, aid. i900, J v t _______ 114
$5,090 Town of Gravesend
5s, imorovHmsnt bouds,
series of Ja y 2 7, 189 <.......100'
$3,oo > Ths Eufaula Water
Works Co., A ia , 1st 5s,
193.3, F&A .................... . . . 25
$3,o00 Consumers' Brewing
Co. of N. Y., Limited, 6s,
190 , J & J ______ i ..............100
any applications and to award a smaller amount than applied
for. A simultaneous issue will be made in London by Messrs.
aulitug and gfimmctal.
Speyer Brothers.
—The Mexican Congress has finally approved and ratified
A lexander M. White, J r..
the contra ct made between the Mexican Government and Messrs George Barclay Moffat.
Samuel Hermanos, of London, New York and Mexico, for
M o f f a t & W
h i t e ,
the furnishing of $2,000,000 worth of rolling stock and equip
ment for the Tehuantepec Railroad, including bridges, ma
BANKERS,
chine shops, tugs and lighters for the harbors and steamship 3 0 P I N E
S T R E E T ,
N E W
Y O R K
for lighthouse service. In addition, it is understood that
INVESTMENT SECURITIES.
Messrs. Hermanos are negotiating for the improvement of
the termanal harbors at Coatzacoalcos and Salina Cruz.
S a m u e l O. D avis & C o .,
—The subscriptions for the $4,500,000 Terminal Railroad
Association of St. Louis 5 per cent bonds offered by Messrs. J.
BANKERS,
P. Morgan & Co. in New York and by Messrs. J. S. Morgan
& Co. of London were largely over subscribed, as were also the
N O . 4 0 W A L L S T ., N E W Y O R K .
Edison Electric Illuminating Co. bonds offered later in the
S a m u e l D. D a v is .
C h a s . B. V a n N o s t r a n d ,
week by Messrs. J. P. Morgan & Co. and F. S. Smithers & Co.
—The Kansas Pacific consolidated first mortgage bond
Spencer T r as k & C o . ,
holders’ protective committee, Frederick D. Tappen, Chairman, announces that after June 30 $10 per bond will be re
BANKERS,
quired from those depositing with the Mercantile Trust Co., 2 7 Sc 2 9 P I N E S T R E E P ,
N E W Y O R K ..
under the bondholders’ agreement, subject to full discretion
65 Stale Street, Albany.
of the committee to remit such requirement in special cases.
IN V E S T M E N T S E C U R IT IE S .
f i a t xk zxs7 % n zz\\z.
DIVIDENDS.
When
Payable.
Per
Oent.
Name o f Company.
R a ilr o a d s .
Dela. & Hudson Canal (quar.)...
Little Miami, guar, (quar ) ........
Phila. Wilmington <fe Baltimore.
IRiseel ia n e o n s .
Consolidated Gas of N. Y. (quar.)
Southern Cotton Oil.....................
U. 8 Leather, pref. (extra)........
Books closed.
(Day8 inclusive.)
1%
2
3
.Tune 15 May 30 to June 16
June 10 June 1 to June 9
July
1 May 29 to July 1
2
3
1
June 15 June 4 to June 16
June 15 May 26 to ------June 10 June 2 to June 10
W A L L S T R E E T , F R ID A Y , M A Y 3 1 , 1 8 9 5 .- 5 P . M.
The Money Market and Financial Situation.—The vol
ume of business has been restricted during this week in W all
Street. London has been less interested than usual in Amer
icans, on account of the holidays there, and the continued
reports of injury to our crops have induced a feeling of cau
tion on the part of investors and speculators at home and
abroad.
The winter-wheat crop has doubtless suffered somewhat,
and cotton in some seetions is not as promising as could be
desired, but on the other hand spiing wheat is reported gen
erally to be in excellent condition, and where corn was in
jured by frost it has been replanted and may yet turn out an
average crop or better.
The improved industrial conditions which have been men
tioned from time to time in these columns seem to be fully
maintained. The United States Leather Company has de•clared a special dividend of one per cent on its preferred
«took, and the reported better outlook for the U. S. Rubber
Company has caused an advance in its stock from about 41 to
a fraction over 47 within a few days.
One of the most important events o f the week is the an
nouncement to-day that a majority o f the Atchison bonds
have been deposited under the reorganization plan, and that
the plan will soon be declared operative.
There is no change to note in the money market.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 2 per
cent. To-day rates on call were 1 to 1% per cent. Prime
commercial paper is quoted at 2% to 3% per cent.
The Bank of England weekly statement on Thursday
showed an inorease in bullion of £346,814, and the percentage
of reserve to liabilities was 63'40, against 64-38 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease of 1,875,000 francs in gold and
an increase of 3,900,000 francs in silver.
The New York City Clearing-House banks in their statement
of May 25 showed an increase ip the reserve held of $4,418,500 and a surplus over the required reserve of 140,005,150,
against $37,587,900 the previous week.
1895.
May 25.
Capital................
Surplus..............
Loans A diso’nts.
Circulation........
Net deposits.......
Specie..................
Legal tenders....
Reserve held.......
Legal reserve___
Differen’ tfrom
Prev. week.
$
9
62,622,700
71,951,500
500,098,700 Ino .4,795,600
13.321.400 Ino.
54,400
561,903,400 Ino. 8,125,000
69.584.400 In o. 788,300
110,866,600 Ino .3,630,200
180,451,000 In o.4,418,500
140,475,850 (Ino .2,131,250
Surplus reserve 40,005,150’In o.2,387,250
1894.
May 26.
1893.
May 27.
9
59,922,700
71,545,100
466,776,900
9,991,000
574,19«,800
99,724,600
121,«26,800
221,151,400
143,549,700
$
60,422,700
71,367,500
415,901,600
5,620,*00
436,724,700
70.657,100
63,961,000
134,621,100
109,181,175
77,601.700 25,439.925
Foreign Exchange.—The foreign exchanges have been dull
and steady, with the tone of the market strong during the
week. Arbitrage movements are insignificant, and the de
mand from all sources is limited.
To-day actual rates of exchange were as follow s: Bankers
sixty days sterling, 4 87%@4 87%; demand, 4 88%@4 88% ; ca
bles, 488%@4 88%.
Posted rates of leading bankers are as follows :
May 31.
Prime bankers’ sterling bills on London.,
Prime com m ercial....................................
Documentary commercial................-II!!
Paris bankers’ (francs).............................
Amsterdam (guilders) baakers............. ”
Frankfort or Bremen(reichmarks) b’ kers’
S ix ty ltay».
4
4
4
5
87%®4
86%, ®4
86 % »4
17%<î>5
Demani.
88% 4 88%®4 89%
87 !
............
86%
............
1 6 V 5 16 % »5 15»8
41/1« <¡»403,6 f 4uô1(i'» i0;%
9r>%<»955ie I
^5i*'@9ò9lS
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling ^@1-10 premium ; Charleston, buying par
959
THE CHRONICLE.
JüNffi 1, 1895.]
selling % premium; New Orleans, bank, $100 premium ,
commercial $1 00 discount ; Chicago, 60@75c. per $1,000 pre
mium; St. Louis, 75@80c. per $1,000 premium.
United States Bonds.—Government bonds continue firm,
des at the Board include $40,000 4s, registered, 1907, at
The following are the closing quotations :
Interest M ty
Periods 25.
May
27.
May
28.
May
29.
May
30.
May
31.
3.-Mob. * 97 * 97 * 97 * 97
2s..........
96%
4s, 1907 • ......resr. j.-J a n . 112*8 112*8 112*8 *112*8
*Xll*8
4s, 1907. ......c o u p . 5—Ja n . *113
1131« * 113 *113
113%
4s, 1925.
Q.-Feb. *122% * ' 22*s *123% *123%
*123%
Q.-Feb. *122% 123% 12338 *123%
4s, 1925
123%
5s, 1904.
Q.- Feb. *116 *116 *116 *116
*116
5s, 1904
Q.- Feb. *116
116% 116% *116
-4 *116
C *xl00
6s, our’oy,’ 95.. .reg. f. & J. *100 *100 *100 *100
Jjj *xl01
68, our’oy,’96...reg. r. & j . *103 *103 *103 *103
68, aur’cy,’ 97. .reg. r. & j . *106 *106 *106 *106
*x!03
c
6s, our’ey,’98...reg. T. A J. *109 *109 *109 *109
fcd *xl06
6s, cur’oy,’ 99...reg. T. & ò. *111 *111 *111 *111
*x08%
4s, (Oher.)1896.reg. Mareb. *100* *100* *100% *100%
*100%
4s, (Cher.) 1897.reg. March. *100* *100* *100% *100%
*100%
4s, (Cher.) 1898.reg. March. * ¡0 0 * *100% *100% *lOO*t
*100%
4s, (Cher.) 1899.reg. March. * ¡0 0 * *100% * L00% *100%
*100%
' This is tbe price bid at the morning board, no sale was made.
United States Sab-Treasury.—The following table shows
receipts and payments at the Sub-Treasurv.
Date.
May
“
“
«
“
25
27
28
29
30
31
Receipts.
$
8,475,575
3.053.763
6,980,781
2,793,868
3,431,435
Total 22,735,422
Payments.
$
7,130,612
3,319,403
2,150,163
2,416,229
Coin.
$
83,484,431
83.261,822
84,231.654
8 ‘ .219,658
. Holiday .
2,500,785 85,150,182
Balances.
Coin Cert’s. Ourrsney.
$
9
428,761 60,021,411
609,231 59,795,910
76«,713 63,446.314
1,085,278 63,570,284
1,067,050 63,588,038
17,517,192
State and Railroad Bonds.—State bonds have been neg
lected. Sales reported at the Board include $31,000 Virginia
funded debt 2-3s of 1991 at 60% @60%, $16,000 Virginia 6s de
ferred trust receipts stamped at 6%@6% and $30,000 Tenn.
settlement 3s at 87.
The railroad bond market has been less active, and covered
a more limited range of issues than it did during the early part
of the month. Prices of the active list have been generally
steady,with changes mostly limited to fractions. Among the
exceptions are Brooklyn Elevated lsts and Union Elevated
lsts, which have advanced from 103% and 102 to 108 and 105%
respectively since our last quotations. Minn. & St. Louis
con. 5s are 1% points higher at 101%. Oregon Short Line 6s
have been the most active on the list and have advanced to
101% on the appointment of a receiver for the company in
place of the Union Pacific receivers, and more definite arrange
ments for the payment of interest on the bonds. W abash issues
are strong, and the seconds are over a point higher than they
were last week. Readings have all declined on liberal of
ferings. St. Louis Southwest, issues have been active and
strong. Northern Pacitics continue to be prominent, and
some issues are higher than lasfr week. Union Pacific bonds
have been conspicuous on the list, but somewhat irregular,
some issues having advanced and some having declined.
Other active issues include the Atchisons, Chesapeake &
Ohio, Mo. Kan. & Tex., Southern Ry., Tex, & Pac. and Ore
gon Improvements.
Railroad and Miscellaneous Stocks.—The stock market
has been irregular under continued unfavorable reports of the
crop prospects and a lack of interest in Americans at London,
Naturally the grangers and internationals have been most
affected by these influences, but declines, where any have oc
curred , are generally only fractional. The coal stock s have been
neglected and the announcement that the output for June will
be restricted, as was that o f May, produced no perceptible
effect Manhattan sold down to 112% on Tuesday on rumors
that the current business of the company will not warrant
the continuance of a six per cent dividend.
Of the industrials American Tobacco has come into prom
inence and sold on Tuesday at 116%, the highest point reached
by it since February, 1893, on rumors o f an extra dividend.
Distilling has regained a part of the decline of last week on
limited sales, although the conditions appear to be unchanged.
Chicago Gas has lost about a point. General Electric is
strong, gelling at 35% on Wednesday. Pacific Mail sold at
29% on Tuesday, the highest since lb92, but on Wednesday
dropped 3 points on news of the loss of one of its steamships,
since which it has recovered, closing at 29%. Tenn.
Coal & Iron has weakened and lost about 3 points.
American Sugar has been relatively dull and weak. U. S.
Leather has been somewhat unsteady, the common fluctuat
ing between 20% and 23% and the preferred selling at 93 and
97% on the same day. The latter was strengthened by the
announcement of a special 1 per cent dividend and closes to
day at ex. div. 94%. U. S. Rubber was unusually active on
Wednesday and to-day, selling up to 47% on rumors of more
harmonious relations between rival’concerns.
960
THE CHRONICLE.
rV0L. L X .
N E W Y O R K S T O C K E X C H A . N G E - 4 0 r / F # S T O C K S f o r w eek ending M A Y 8 1 , a n d sin ce J A N . 1 , 1 8 0 5 .
HIGHEST AND LOWEST PRICES.
Saturday,
May 25.
Monday,
May 27.
Tuesday,
May 28.
Wednesday
May 29.
Thursday,
May 30.
8%
83,
7%
8
7 7e 8h
*1% 10,
*138 13,
*1%
l«i
63% 64
*63% 65
63
633
*52
53
53
53
52% 521,
543s 543,
53% 533,
53% 53»101%102^ 101% 102J< 100% i o n ,
19
19
*19
20
*19
19^
22% 223,
22% 22?,
22% 23»«
*150 ....... *151 ....... *150 .......
80% 813,
81% 82
8078 811«
55% 55^f *55% 553f
55
55%
101 102
6738 68
67% 68% 66% 671,
1207a 12u7í
121% 121% 121 121
98% 99%
98% 99% 97% 983,
*144 146
145 145 *144% 148
69% 70% 69% 70% 68% 69%
38
39
89
39
39
39
*114 115 *114 115 *113% 115
44% 45
4376 44%
44% 45
89% 89% 89% 89% 89% 89»i
26% 263,
26
26% 25% 26%
*63
68
*63
67 * ........ 67
131%132
132 132
132 132
16338 163% lt}278 16276 160%162
*14% 15%
15% 157t *15
16
47
47%
*47% 48
48
48
*45
50
*45
50
*45
50
128
128
*132 135 *133 135
95% 95%
97
*95% 96% 97
9% 10%
10% 10% 10% 10%
*30
33
*32
33
*32
33
24%
21% 25% 24% 25% 24
83
83
83% 84
83
83
14578 1457g *146 147 *146 147
'8 6
88
85
85
*86
88
9% 11
9
9%
8%
8%
59% 57% 58%
59% 59% 59
10%
10% 1038 10% 10% 10
28% 28 7s 2838 28% 28% 28%
116% 116% 116 116% 112% 116
10078 10078 100% 100% 9978 100%
17% 18% 18% 18% 17% 18%
84% 84%
85
81% 83% 84
45
45%
44% 46
43
44
16%
17
*173s 18
17% 17%
32%
32% 32% 32% 32% 32
280s 29% 28% 29% 28% 28%
23
23%
24
24% 24
24
7%
73
*1%
I»,
62% 6212
52% 523
53% 531,
101 1011,i
18% 181,
22% 221,
*150 .......
80% 81i>
54
541,
100 100
66% 67i<
121 121
97% 987
*144% ..
68% 69\
37% 381,
*114 115
43 % 44
89% 891,
25% 26
65
65
xl29% 130
162 162
*14% 15
*46% 47is
*45
50
*128 130
96% 96%
9%
9%
*30% 33
23% 24%
82
82
146 146
*86
88
10% 11%
5«
58%
10% 10%
27% 28%
113 114%
100% 100%
16% 17%
83% 83%
44% 45%
16% 16%
31% 32%
28
28%
23
23%
*65
90
101% 102%
101% 101% 102% 102% 102 102
17
*16% 17
17% 173s 17% 17% 17
*70
72
*70
73
72
72
72
72
31
32
32
32% 32% 31% 31% 31
11% 12%
13% 13% 1178 13
*13% 13%
27% 27% *26 ........
*27% ____
42% 42% 42 % 45% 43% 44% 43% 43%
*210 ........ 213 213
*203 ____
18% 18% 18% 18% 18% 18%
*18% 19
12% 12% 11% 12% 10% 11% 10% 10%
29
33% 31
32%
33
35
35% 36
4% 4%
4
4%
4% 4%
5
5
15
15
*........ 15
15% 15%
5%
5%
5%
5%
5%
5%
5%
5%
19% 20
1978 20% 2038 20% 19% 20
* .
13 *........ 13 *........ 13 *........ 13
24% 24% *25
28
*26
29
*26
29
*8%
9
8%
8%
8%
8%
8%
8%
*6
6%
*6
6%
6%
6%
6%
6%
18% 19% 18% 19%
19% 1978 19% 20
*19
21
19% 19%
*20
21
*20% 21
*52
53
52
52
*52
53
*51% 53
30% 30% *29
30%
30
30
*28
30
19
19
*113% 114% *113% 114% *113% 115 *113% 115
66
64
64
54% 57% 60
54
54
7%
7%
7% 7%
7%
7%
7%
7%
15%
16%
15% 16
17
173s 16% 17%
*30
32
31
31
*28% 30% *28% 31
95
95
*91
95
*91
95 *........ 95
116% 116% *116 118
114% 114% *116 118
19% 20%
20% 20% 20% 20% 19% 20
14
14% 1378 14% 13% 14% 13% 13%
39% 39% 39
39%
40
40% 39% 40
12% 12%
13% 1338 1278 13% 12% 13
*2% 3
*2% 3%
3
3
3%
3%
*45% 48
*451* 48
*45% 48
*451a 48
81
81
*78
81
*78
81
*78 “ 81
13% 14%
14
14%
15%
15%
14% 14 78
*6
6%
6
6%
6%
6%
6%
6%
9
9%
9%
9%
9
9%
9
9%
19% 1978 19% 20% 19% 20% 19% 20
14% 13% 14% 13% 14%
14% 14% 14
45%
45% 46% 46% 46% *44% 46% 45
*5
6
*5
6
*5
6
27% 27%
27% 28
29
29
75% 75%
76% 76% 75% 76
117% 118% 116 117% 116 117%
99% 99% 99% 99% 100% 100%
114% 116% 114 115%
11478 117
112 115
114% 114% 113 113
74% 747s 73% 74% 73% 73%
144% 144% 144 144% 144% 145%
19% 20% 19% 19% 19% 20%
33% 34% 34% 35% 34% 35%
34% 34% 35%
34% 34% 34
88% 89%
89
88% 88% 89
5%
6
5%
5%
5%
6
13%
13%
13
13
13% 14
27% 28% 28% 29% 26% 28%
i «n%
1 6 0 % ........ * 153 ........
170% 170% 172 172
172% 17278 171 172
*67% 67% *67% 67% *67% 67% 67% 67%
26% 28%
29
29
29% 28% 29% 28
83
88
85
90
3% 4%
3%
3%
3% 4%
5%
6%
5%
5%
5%
6%
21%
21%
20%
23
22%
233s
21% 23
97% 94% 95%
94% 957e 96% 97% 93
41% 41% 41% 41% 41% 45
40% 41
9278 93% 92% 93% 92% 92%) 92% 92%
' These are bid and asked; no Bale made.
28% 29
*75% 76%
118% 118%
9938 99%
111% 114%
114% 115
74% 75%
145% 145%
19
19%
32% 33%
34% 34%
88% 89%
6
6%
14% 14%
27
27%
Friday,
May 31.
7% 7 7,
*1% is,
62% 620,
53%
101%
*18%
22%
*150
81
53
53»!
1018*
19»,
22«,
___
81»,
54»,
STOCKS.
A c t iv e B B . S t o c k s .
Atchison Topeka & Santa Fe
Atlantic Sr. Pacific..................
Baltimore & O hio..................
Canadian Pacific .
Canada Southern__________
Central of New J e r s e y .......
Central Pacific.......................
Chesapeake & Ohio...............
Chicago * A lto n .
Chicago Burlington & Quinci
Chicago & Fas tern Illinois..
66% 67», Chicago Milwaukee * St. Paul
120% 120»,
Do
pref
98% 987, Chicago A Northwestern___
*144% 146
Do
pref
68 7s 693, Chicago Rook Island A Pacific
38
38», Chicago St. Paul Minn. Om
*114 115
Bo
pref
*44
45 Cleve. Cinoln. Chic. A St. L ..
*88% 89»,
Bo
pref
26
26 Columbus Hooking Val. & To!
66
66
Bo
pref.
129% 1297, D elaw are* H u d son .............
*160% 162 Delaware Lackawanna* West
15% 15% Denver & Rio G-rande..........
47% 47%
Bo
pref.
*45
50 Evansville & Terre Haute...
*128 132 Great Northern, pref______
9678 967, Illinois Central. . . . . . .
10
10 Iowa Central________
30% 30%
Bo
pref.
24% 24% Lake Erie * Western_______
82% 82»« _
Do
pref.
146% 146% Lake Shore * Mich. Southern
*86
88 Long Island.......................
10% 11% Long Island T raction ______
58% 58% Louisville * Nashville.
9% 10»s Louisv. New Alb. * Chicago
28% 28%
Do
pref.
112% 114% Manhattan Elevated, consol.
99% 100% Michigan Central..........
17% 17% Minneapolis & St. Louis.......
83% 84
Bo
is t pref.
45% 457e ,, ,
Bo
2d pref.
17% 17% Missouri Kansas * Texas..
31% 32
Bo
pref.
28% 28% Missouri Paniti«. ___ _
23
27 Mobile * Ohio________
H
o
0
►
Sales o f
the
Week,
Shares
Range for year 1895.
Lowest.
Highest.
20,865
3% Jan. 3<i 9% May 13
%Feb. 2r
2 May 13
1,301 49 Mar.
65% Jan. 18
211 1 33 Mar. E
1,051 48 Jan. 3C 55% May 17
3,37£ 81% Feb. IE 102% May 18
16C 12% Feb. C 20% May 13
8,41, 16 Jan. 2£ 23% May 11
147 Jan. £ 150 Apr. 26
77.43C 69 Mar. 4 82 May 27
1,431. 50 Jan. IS 57 May 8
925
102 May 27
65.87C 5378 Mar. £ 68% May 17
30t 114% Mar. 21 121 May 24
25,941 8739 Mar. < 100% May 17
60< 137 Feb. 14 145 Jan. 25
16,471 60% Jan. i 70% May 25
2,251 28% Mar. E 39 % May 18
104 Mar. 3( 114% May 11
2,055 35% Feb. 1£ 45% May 24
235 82 Jan. 1( 89% May 17
2,571 16 Jan. 2£ 277s Apr. 1
96 55 Jan. £ 69% Mar. 27
2,122 123 Mar. 9 133% Jan. 18
1,04( 155% Mar. 8 166% Jan. 18
30C 10% Jan. 2£ 16% May l i
80( 32% Jan. 2£ 48% May 11
30 Feb. 2C 51 May 11
IOC 100 Jan. 28 133 May 22
827 81% Jan. 4 98 May 13
2,765
5% Jan. 2E 10% May 25
27 19 Jan. 31 33 May 24
15,09S 15% Feb. 11 25% May 27
1,01C 69 Jan. 28 84 May 24
1,635 134% Jan. 2 148 May 13
25 83% Apr. 19 88% Jan. 5
7,40C
5 Mar. 25 13% Apr. 25
7,347 467s Mar. 12 61 May 11
5,968
6 Mar. 6 10% May 24
2,010 20 Jan. 4 29% May 18
14,083 104 Jan. 2 11978 May 7
1,180 91% Mar. 4 102 % May 16
6,140 14 May 23 18% May 27
3,085 79 May 23 85 May 27
3,560 39% May 23 46 May 27
1,735 12% Jan. 30 18 78 May 11
6,559 21% Jan. 29 33% May 8
6,707 18% Mar. 11 29% May 17
4,655 13% Mar. 20 27 May 31
101%101% New York CentraF* Hudson!
981 92% Mar. 15 104 May 16
*17
17% New York Chicago * St. Louis
710 11% Feb. 20 18% May 13
*70
73
450 65 Apr. 23 72 May 25
Bo
1st pref.
3L
31
785 24 Fëb. 21 34% May 17
Bo
2d pref.
10% 12 New York Lake Erie * West’n 18,590
7% Mar. 9 14% May 13
*......
27%
100 16 Feb. 26 30 May 13
43% 45 N.Y.&N.E. ,tr. recs.allins.pd
4,169 29 Jan. 29 45% May 27
*211 ........ New York New H av en * Hart.
10 193 Mar. 20 213 May 29
18% 18% New York Ontario & Western
2,925 15% Jan. 3 19% May 11
9% 10% New York Susq.& West.,new
8,925 10% May 28 14% Jan. 21
28% 3178
Bo
pref. 13,656 29 May 28 43% Jan. 18
4
4% N orfolk* W estern...____
2,010
2 Mar. 5
6% May 13
15 »4 15%
386
9% Mar. 4 19% Jan. 18
Do
pref.
5% 5% Northern P a cific.............
2,408
8% May 13
2% Jan. 28
19% 19%
5,888 13 Feb. 27 27 May 11
Bo
pref.
*........ 13 Ohio Southern________
19% May 1
*25
28 Oregon R’y & Navigation Co.
50 17 Apr. 5 29 May 13
*7
9 Oregon 8h. Line & Utah North
230
9% May 13
3% Jan. 29
6
6 Peoria Decatur * Evansville
510
3 Feb. 4
7 May 13
19% 19% Philadelphia* Reading
23,285
7% Mar. 4 21% May 13
*19
21 Pittsburg Cinn. Chic. & S t L.
100 15 Jan. 12 22% May 13
52% 52%
230 43% Jan. 30 54 May 13
Do
pref.
*29% 30% Pittsburg & Western, pref ...
200 28 Apr. 17 33% Jan. 3
19
19% Rio Grande Western..............
500
19% May 22
*114 115 Rome Watertown & Ogdensb.
112% May 4 117% Jan. 21
64
64 St. Louis Alt. * T en e Haute.
3,310 35% Feb. 15 66 May 28
*7% 7% 8t. Louis Southwestern____
4,625
77e May 25
4^dt Jäiu 25
15% 15%
8% Jan. 29 17% May 25
Do
pref. 14,571
*30
32 at. Paul * Duluth__________,
3 18 Feb. 5 31% May 18
*90
95
20 90 Feb. 4 95 May 11
Do
pref.
*115 117 St. Paul Minn. * Manitoba...
405 104 Mar. 8 116% May 15
Southern
Pacific
Co................
20% 20%
1,442 16% Apr. 17 20% May 21
13% 13 % Southern voting trust, oertif.
8»sJan. 29 1478 May 10
6,751
39% 39% Do., pref. voting trust, cert.
4,428 29% Jan. 29 41% May 11
12% 12% T e x a s * Paoifio... . . . . . . . . . . . .
8% Jan. 30 1378 May 13
7,123
4% May 14
*2% 3% Toledo Ann Arbor * N. Mich.
78 Feb. 14
200
41 Jan. 14 41 Jan. 14
*45% 48 Toledo & Ohio Central.. . . ...
*78
81
Do
pref.
5 73 Jan. 14 81 Mar. 21
7% Mar. 14 17% May 11
14% 14% [Jnion Pacific..........................
3,487
7% May 14
3% Feb. 11
*5%
6% jn ion Paoifio Denver * Gulf.
1,950
5% Mar. 6 9% May 13
4,943
9%
9% tfabash............. .......................
19% 20
Do
pref. 14,823 12% Jan. 29 2078 May 13
13 % 14% Wheeling * Lake Erie______ 17,3351 8% Feb. 28 15% May 14
9301 35 Feb. 25 48 May 15
*44-si 46%
Do
pref.
2% Mar. 1 6% May 14
*5
6 Wise. Cen. Co.,voting tr. otfs.
110
1
1
m is c e lla n e o u s S t o c k s .
1,270 18% Feb. 13 30% May 13
26% 28 American Cotton Oil Co........
272 62 Feb. 18 7978M ay 13
*74
75
Do
pref.
117% 118% American Sugar Refining Co. 157,763 86% Jan. 3 119% May 22
1,042 90% Jan. 8 100% May 18
Do
pref.
100 100%
115% 116% American Tobaooo Co............ 62,177 84% Feb. 21 117 May 27
311 103% Feb. 27 115 May 25
Do
pref.
112 115
74
74% ' Chicago Gas Co„ trust reo’ts .. 35,799 70 Mar. 5 78% Jan. 11
3,302 L26 Jan. 29 L45% May 31
145 145% -Consolidated Gas Company..
20% 21% : )is.& C.F.Co.,tr.ctf. all ins.pd 85,570 13% Mar. 20 24% May 13
34% 3 5 V Cenerai Electric Co................ 33,850 257s Mar. 4 377s Mar. 25
34% 35%: rational Lead Co.................... 10,462 26% Feb. 16 38 Jan. 18
1.666 78% Jan. 28 91 May 17
Do
pref.
88% 887e
2,763
2% Jan. 30
7 May 13
*57s 6 j forth American Co................
900
8 Mar. 8 14% May 24
*13% 14% <Cregon Improvement Co____
18,282 20 Jan. 26 29% May 28
28%
29%
j’ aoffio Mail.............................
*151 ........ ] 3ipe Line Certificates............
95% Jan. 4 .81 May 10
750 .54 Jan. 2 L77 May 2
171 173 IHillman Palace Car Company
fiver Bullion Certificates___ 10.000 60 Jan. 10 68% Apr. 1
28% 2 9 V Tennessee Coal * Iron.......... . 19,890 13% Jan. 29 2978 May 31
220 74 Apr. 17 88 May 27
Do
pref.
6,731
4%
4% 1Jnited States Cordage Co___
27s Feb. 11
8% Jan. 4
6,198
5 Feb. 11 13% Jan. 4
Do
pref.
7%
7%
7 Feb. 27 24% May 3
21% 21% lJnited States Leather C o ___ 34,205
x94% 94%
Do
pref. 16.594 58 Feb. 27 87% May 27
45% 47% 1Jnited States Rubber Co___ 38,517 38% Mar. 5 47% May 31
8,679 86 Jan. 29 93 % May 10
92% 92% Vestem Union Telegraph....
THE CHRONICLE.
J u n e 1, 1895.]
961
NEW YORK STOCK. EXCHANGE PRICES (Continued)—Ii\LáCTJF® STOCKS.
I nactive Stocks
fl Indicates unlisted.
May 31.
Ask.
Bid.
R a ilr o a d S tock s.
Albany A Susquehanna........1 0 0 170
12
Balt. & O. 8. W. pref., new.......100
10
B allevine & South. 111. pref...... 100 ___
103
Boston A N. Y. Air Line pref ..100 101V
20
Brooklyn Elevated ................. 100 19
23
Badalo Rochester A Pittsburg.100 21
Preferred.................................. 100 58
60V
Burl. Cedar Rapids A Nor........ 100 45
Cleveland A Pittsburg............ 50 155V
10
9
Des Moines & Foi t Dodge____ 100
Preferred.................................. 100
6
Duluth So. Shore & Atlantic 1i .100
6V
Preferred ...........
100 12
13V
16%
Flint A Pere Marquette............ 100 15
P referred ................................100 î 45
1
Gr. Bay Win. A St. P. tr.r e o .... 100
1%
3%
Preferred trust reots.............. 100
2V
Houston & Texas C en tra i....... 100
Illinois Central leased tines....100
9
Kanawha A Michigan................100
10V
5
6
Keokuk & Des Moines...............100
16
Preferred.......................... .....1 0 0
1
4
Louisv. St. Louis A Texas........ 100
Mahoning Coal....... . . . . . . . . . . . 50 115
Preferred.................................. 50 106
Metropolitan TractionH............100 1 94V
Mexican Central...............
100
2V
Mexican National tr. ctfs........ 100 t 2%
Minn. &St. L.,tr. rects., all p d ..l0 0 t 38
Preferred, tr. rects., all p d ...l0 0
65
68
Morris A Essex.......................... 50
New Jersey & N. Y ____ ______ 100
Preferred.................................. 100
N. Y. Lack. & Western..............100
Norfolk & Southern..................1 0 0 65
6
Peoria & Eastern........................100
4V
Rensselaer & S aratoga...........100 180 185
Rio Grande Western pref........ 100
* No price Friday ; latest price this week.
Range (sales) in 1895.
Lowest.
I nactive Stocks .
1FIndicates unlisted.
Highest.
....
Apr. 12 May
....
101V Apr. 103 Feb,
....
19 Apr. 24 May
58 Jan. 60 Apr.
45 May 45 May
156 Jan. 157V Jan.
5V Feb. 10V May
30 Jan.
2 V Mar.
6% Apr.
5 V Mar. 1338 May
9 Apr. 17 V May
34 Apr. 45 May
V Feb.
2 May
I V Feb.
4V May
IV Mar.
86 May 88 Jau.
8 V Feb. 10 Apr.
3 Jan.
6 May
13V Mar. 15 V Jan.
I V Apr.
I V Apr.
6
83 V
8
1V
25 V
46 V
156
Apr. 103
Mar.
Apr.
4
Feb. 38
Jam 66%
Feb. 164
Jau.
116V
65
2
180
30
Jan. 118 Feb.
Apr. 66 Apr.
Jan.
5V May
Jau. 183 Apr
Mar. 46V May
t Actual sales.
May
May
May
Jan.
rUndicates actual sales. J
May 31.
Bid. I Ask.
Range (sales) m 1895.
Lowest.
Toledo Peoria & Western........ .100
Toledo St. L. A Kansas City H. .100
6V
712 6 V May
M is c e lla n e o u s S t o c k s ,
Adams Express......................... .100 144 150 140 Jan.
American Bank Note Co 1Í___
391« 41 37 May
American Express................... TOO U17 118 109 Feb.
Amer. Telegraph A C able..... .100 Ì 95V
89 Mar.
Bay State Gas I f ..................... . 50
”22
13 Mar.
Brunswick Company............... .100
312 I V Apr.
Chic. Juno. Ry. A Stock Yards. 100
89 Feb.
P referred .............................. .100
Colorado Coal A Iron Devel.. 100 t 10
4 Mar.
.100 Î 27t4 28
23 V Mar.
Preferred............................... 100 70
50 Feb.
Columbus A Hocking Coal___ .100 t 8%
2V Jan.
Commercial Cable................... 100 155
145 May
Consol. Coal of M arylan d..... 100 30
35
28V Apr.
Edison Electric Illuminating.. .100 J 99*2
94 V Mar.
Erie Telegraph A Telephone .. 100
45 V Feb.
.100
30 V Feb.
.100 3012 30% 23V Jan.
Preferred.......... ..................... .100 1x88V
81 Mar.
Lehigh A Wilkesbarre Coal .
20 Jan.
Maryland Coal, pref................. .100 50
70* " 50 Jan.
Michigan-Peninsular Car Co.. .100
.100
52 Jan.
Minnesota Iron......................... 100
6OI2 39V Mar.
National Linseed Oil Co.......... 100 28 V 29V 17% Jan.
.100
5 Jan.
9?a
New Central Coal. . 7 . . . . . ........ 100
8
10
6 Jan.
Ontario Silver M in in g ....____ 100
9
12
8 V Mar.
Pennsylvania C o a l................. 50 310
310 Jan.
100 74
76
69 Apr.
.100
3
2 Jan.
4
.100 17
12% Jan.
20
100 11
7 Mar.
100 I Id* 12
8 V May
U. 8. Express. T........ ............... 100 40
43
36 May
U. 8. Rubber preferred........... 100 t 96
97
92V Feb.
Wells, Fargo E xp ress............. 100 Í108V 110 104 Feb.
Highest
8
May
148 Apr.
37 May
119V Mayl
96V May
24 Jan.
4 V May
95 Jan.
105g May i
28 May
70 May
9V May
152V Mayl
33 V Jan.l
102 Jan.
59 V May
41V Mar.
33 May
92 May
20 J an.
50 Jan«
58 V May
60 May
29 V May
12 May
8 V Apr.
10V May
320 Jan.
69 Apr.
4V May
20 Apr.
12 V May
23 V Jan.
45 Jan.
97 May
11IV May
NEW YORK STOCK EXCHANGE PRICES.—STA TE BONDS M A Y 3 1 .
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid.
Ask.
Alabama—Class A, 4 to 5 ....... 1906 107V
Missouri—Fund..............1894-1895
Tennessee—6s, old........ 1892-1898
Class B, 5 s .............................1906 107
North Carolina—6s, old..........JAJ
6s, new b on d s.........1892-8-1900
Class C, 4 s . . . . . . . . . . . . ...........1906 96
Funding act.......................... 1900
do
new series......... ...1 91 4
96
Currency funding 4s............1920
New bonds, J A J ........ 1892-1898
Compromise, 3-4-5-68...........1912
Arkansas 6s, fund,Hoi.1899-1900
Chatham R R .................................
2V 11
1
3s.............................................1913 86V 87
2V
do. Non-Holford 150
Sbecial tax, Class I .....................
1
Redemption 4s........ ............1907 90
2V
1 *10 ‘
7s, Arkansas Central RR ...
Consolidated 4s....................1910 102 107
do
4V s.................. 1913 100
Louisiana—1
7 s, o o n s ..... . . . . . . ¿914
6s.......................................
1919 124
Penitentiary 4V s................. 1913 100
Stamped 4s.......... .................... .
South Carolina—4Vs, 20-40.. 1933 107 112
Virginia funded debt. 2-3 s...l9 9 1 60V 61
New oonols. 4s..................... 1914 97
98
6s, non-fund..........................1888
2
6s, deferred t’st reo’ts. stamped.
7
IV
6V
New York City Hank Statement for the week ending
May 25, 1895. W e omit two ciphers (00) in all cases.
BAN KS.
(00s omitted.)
Capital Surpl's Loans,
Specie.
Legáis. Deposits
New York City, Boston and Philadelphia Banks:
Ba n k s .
N. Y o r k .*
Apr. 27__
May 4 ....
« 1 1 ...
“ 18 ....
“ 2 5 ....
B o s to n .*
May 11___
“ 18 ....
“ 2 5 ....
Capital A
Surplus.
Loams.
Specie.
Legáis. Deposits.+
$
$
$
$
480.504.6
86.216.9 516,600,5 131998 574,936,9
Bank of New York.. $2,000,0 $2,038,,7 $13,630,0 $1,300,0 $2^080,0 $13,180,0
484.912.4
89.254.9 526,998,1 131979 664.607.4
Manhattan Co......... 2.050.0 1,957, ‘ 13,146,0 1.142.0 6.048.0 17.327.0
438.928.5
96,088,3 537,832,8 132380 661.301.5
964,
11,345,3 1.466.0 2.984.0 14.131.7
Merchants’ — ------ 2, 000,0
495,303,1
1072364 553.778.4 132670 695.175.8
9.166.0
972.0 2.429.0 8.994.0
Mechanics’.............. 2, 000,0 2,188,
19.130.2 2 .874.5 6.791.1 23.723.4
1108666 561.903.4 133214 606.671.9
500.098.7
0
America.................. 3.000. 2,149,
0
4.490.0
882,0 4.353.0
430,
441.0
Phenix.................... 1.000.
69.351.8 163.826.0 10.569.0 5.503.0 153.305.0 7.366.0 96.914.4
19.699.7 7.694.2 4,801,9 28.089.8
City........................ . 1,000,0 3,042,
69.351.8 164.093.0 10.705.0 5.944.0 154.291.0 7.459.0 97.039.4
750.0
1,820,6
31,
344.8
226,7 1.891.8
Tradesmen’s...........
69.351.8 163.539.0 10.911.0 6.426.0 156.188.0 7.363.0 90.551.4
25,771,5 2,923,7 7.317.7 28.377.5
300.0 7,273,
Chemical..............
3.969.9
600.0
770.6
546.5 4.540.3 P h ila.*
155,
Merchants’ Exch’ge
29,5 23.0
101.502.0 6.047.0 64,562,1
6.040.4
484.1 2.307.1 6.042.4 May 11 ... 35.810.3 103.554.0
Gallatin National... 1, 000,0 1,614,
“ 18... 35.810.3 103.879.0
31,2 93.0
104.928.0 6.134.0 73,586,9
300.0
1.521.9
160,4
305.5 1.609.7
229,
Butchers’ADrovers’
“ 25
32,4 14.0
105.477.0 6.144.0 67.048.4
35.810.3 103.980.0
2.610.0
400.0
305.0
295.0 2.570.0
405,
Mechanics’ onTrad’s
1,068,2
200.0
179,
132.0
186.1 1.031.1
Greenwich..............
* We omit two ciphers in ail these figures, t Including for Boston and Phlla
600,0
3.022.6
492,
233.9
652.3 2.636.9
Leather Manufac’rs
1,688,8
300.0
240.6 1.936.4 delphia the item “ due to other banks.”
113,
284,3
Seventh National...
1
.
200.0
675.2
3.315.6
143.2
502,
2.739.7
State of New York..
0
23.988.0 1.209.0 4.416.0 19.466.0
Miscellaneous and Unlisted Bonds :
American Exchange 5.000. 2,345,
0
20.770.3
451.8 6.347.0 17.382.8
Commerce.............. 5.000. 3,620,
0
5.958.1 1.071.5
835.7 5.853.6
Broadway.............. . 1.000. 1,631,
7.167.8 1.690.6
934.4 7.685.6 Boston Un. Gas tr .certs.. 5s.
979,
Mercantile. . . . .. . . . . 1,000,0
Metropol. Tel. A Tel. 1st 5s
422,7
672.4 3.179.5 Brooklyn W. A W . 1st. g.. 5s. 10« h. Mlch..Penin. Car 1st 5s. . ..
2.288.8
589.9
473,
Pacific..............
95 a»
1.500.0
964, 12.323.3 1.347.0 3.161.3 14.564.8 Ch. J UÜ.& S. Y ds.—Col.t.g.,5s 107 b. Mutual Union Teleg.—6s g .. *109 b.
Republic.......... .
450.0
980,
5.887.1
905.7 1.122.5 6.442.7 Col. C. A I. Devel. gu. 5s....... * 95 a. N. Y. A N. J. Telep. gen. 5s.. 103 Ve.
Chatham.................
200.0
264,
2.061.6
243.0
443.0
3.136.1
Colorado Fuel—Gen. 6s..........
People’s ..................
Northwestern Telegraph—7s. *111 t>.
700.0
5.390.9
667.2
649.8 5.317.9 Col. A Hock. Coal A I .—6s, g.
676,
North America.......
People’s Gas A C. i 1st g. 6s.
15.929.9 3.697.7 1.187.3 18,878,4 Cons.Gas Co..Chic.—1st gu.5s 88 b. Co., Chicago— 5 2d g. 6s. 107Vb.
Hanover.................. 1, 000,0 1,903,
500.0
2.757.0
3.173.0
346,
399.7
760.0
Irving__ ... ...........
Consol. Coal conv. 6s___. . . . . 103 b.
1st oons. g. 6s.....................
97 b.
2.984.2
600.0
546.5 3.734.1 Det. Gas oon. 1st 5s................ * 65 b. Pleas. Valley Coal—1st g. 6s. * 97 Vb,
538.1
396,
Citizen’s . . . __ ......
2,612,8
500.0
132.6
586.5 3.034.5 Edison Eleo. 111. Co.—1st 5s . 108 b. South Yuba water Co.oon.6s.
274,
Nassau.............. .
760.0
4.046.5
401.6 1.070.8 4.510.9
831,
Market & Fulton...
Do
of Bklvn,. 1st 5s....
Sunday Creek Coal 1st g. 6s.. 98 b.
2.974.0
821,0
630.0 3.324.0 Equit, G.-L., N.Y., oons. st. 5s. 112 b. U. S. Leather—S .f. deb.,g.,6s *113Vh.
23,
Shoe A Leather...... 1,000,0
9.788.0 1.575.2 1.023.0 11.034.0 Equitable G. A F.—1st 6s___ * 95 Vh. Western Union Teleg.— ¡ ... 107 b.
Corn Exohange...... 1, 000,0 1,133,
4.439.5
966.3 1.026.0 6.021.1 Henderson Bridge—1st g. 6s. *112 b. Wheel. L.E.APi**s Coal 1st 5s 64 Vh.
203,
Continental............. 1, 000,0
214.4
300.0
1.889.5
283.5 1.850.0 Illinois Steel deb. 5s.............
411,
Oriental..................
U n listed B o n d s.
Importers’ A Traders 1.500.0 6,581, 22.639.0 3.682.0 2.701.0 23.019.0
Non-conv. deb. os___ ______
Comstock Tunnel—Ino. 4 s..
7 b.
2 , 000,0 3,148,
24.889.3 3.157.6 5.994.4 29.867.6 Man hat. Beach H. A L. g. 4s. 48 b. Mem.ACharleston—Oon 7 g.
Park.................. .
250.0
111.8
253.6 1.012.7
1,045,7
139,
East River__ .....
892.2
3
.
200.0
a*
N
ote
.—
“
b”
indicates
pries
bid
;
*
price
asked.
*
Latest
price
this
week
19.606.0
4.043.6 19.793.7
2,067,
Fourth National__
8.779.0 1.418.0 3.607.0 12.084.0
542,
Central National.... 2 , 000,0
300.0
5.166.0 1.105.0
952.0 6.481.0
Bank Stock List—Latest prices this week. (*Not listed.)
593,
Second National....
750.0
3.417.6
510,8 1.020.0 4.220.9
379,
Ninth National......
BANES. Bid.j Ask.
BA NES. Sid. Ask
BANES.
Bid. Ask.
500.0 7,200,
25.595.9 5.887.2 4.772.7 28.951.7
First National........
9.539.9 2,028,5 1.627.8 11.922.3
221,
Third National__ _ 1, 000,0
120
300.0
1.455.6
265.3 1.493.4 America...... 203 210 Garfield____ 300
90,
163,1
N.Y. Nat. Exchange
19th Ward.. 125 135
250.0
352.0 3.051.0 Am. E x ch ... 158 160 German Am . 115 Ì25
548,
2 . 666.0
456.0
Btweiy....................
130 150
N.
America.
200.0
204.1
3,011,5
509,
693.1
3.491.7
New York County..
Oriental. . . . 200 240
750.0
491.4 2.855.5 Broadway... 240 260 Germania.... 300
264,
2.837.1
353.6
Gorman American..
175
500.0 1,174
15,902,2 1.291.7 4.625.2 20.105.7 Butchs’ &Dr. 150 160 Greenwich.. 160
Chase National........
270 300“
100.0 1,026
874.1 7.514.1 C ential........ 117 125 Hanover...... 315 330
7.081.1
768.4
Fifth Avenue.........
500
155
200,0
2,811,4
680.4
298.7 3,445,3
647
German Exchange..
110 125
200,0
3.085.9
614
492.2
367.6 3.777.6 Chatham...... 350 40Ó Im. A Trad’s’ 500 550
Germania ...............
5.774.1
500.0
548
733.0 6.719.6 Chemical ... 4100 4800 Irvin g .......... 135 150 Prod. Ex.*..
863.4
United States.........
Republio.... isT * 160**
440
Leather Mfs’ 160 180
300.0
521,
4.873.1 1.024.8 2.094.2 6.996.2
Lincoln.......- ........
Seaboa d . .. 168 169
615
4.095.2
200.0
135 150
583,
883.2 5.492.3
910.7
Garfield............... .
300
Manhattan.. 187 192
1.905.7
200,0
316
217.2
288.2 1.926.7 Columbia....
Fifth National.......
4.756.2
773
300.0
828.7
998.3 5,936,1 Commerce... 182 187 Market A Pal 217 225
Bank of the Metrop.
ShoeA Le’th 90 102
Mechanics’ .. 183 190
2.672.0
200.0
297
261,0
512.0 2.857.0 Continental. 125
West Side............
500.0
5.455.0
489.0 1.496.0 6.766.0 Com Exch.. 281 300 M’chs’ A Trs’ 140 165 Southern... 140 165
231
Seaboard.......... .....
1.710.0
200.0
240.0
347
375.0 1.645.0 East River.. 135 150 M ercantile.. 161 190 Stateof N.Y. 103 V 109
Sixth National.......
105
Merchants’ .. 131 140
234
10.292.8
952.4 2 . 220.0 11.088.3 llt h Ward... 200
Western National.. 2, 100,0
Tradesman’ s
95
4.661.0 1.136.0
300.0
Meroh’ts Ex. 115 125
881
913.0 5,4-'4,0 Fifth A ve.... 2500
First Nat. Br*klyn..
410
......
416
Fifth*...........
554
2.732.7
500.0
Metropolis..
2,865,5
54,3
811.5
Sout hern National..
12.160.4
Mt. M orris.. no ......
344,
557.1 3,874,7 14.844.3 First. ....____ 2500
Nat. Union Bank__ 1,200,0
1.583.7
500.0
129
18,8
319.8 1.403.8 First N., 8 .1 . 115 125 Nassau___ _ 150 165 Un’d States 180
Lihert.v Nat. Bank.
Western .. 111
New York .. 220 235
3.603.8
445.4
313
442.9 3.087.9 14th Street..
N.Y. Prod. Exch’ge. 1, 000,0
West Side.. 280
Fourth ___ 180 190
N.Y.Co’ nty. 540
Total_____ . . . . . . 62,622,7)71.951.5 500,098.7 69,584.4 110,866.6 561.903,4 Gallatin........ 300 ....... N.Y. Nat. Ex. 100 125*'
$
133.669.5
133.669.5
133.669.5
134.674.2
134.574.2
$
$
68,203,9
69,728,2
69.440.0
68.796.1
69,584,4
962
THE CHRONICLE
BOSTON, PHILADELPHIA
AND BALTIMORE STOCK EXCHANGES.
EF* S h a re P r ic e s — n o t P e r C e n tu m P r ic e s .
Active Stocks.
IT Indicates unlisted.
fVOL. LX.
Saturday,
May 25.
Monday,
May 27.
Tuesday,
May 28.
Wednesday,
May 23.
Thursday,
May 30.
Friday,
May 31.
Atolt. T. & 8. Pe (Boston). 100
8
8*8 8 % 87
778 8%e 7»ie
7%
7%
7%
Atlantic & Pac.
“
100
1% 1^8
*1%
1% 1%
* 1%
2
Baltimore & Ohio (Balt.).100 *63
64
63% 63% *63% "64" *62% 63%
*63
64
Balt. City Pass’ger “
25
72
72
*71% 72%
*71%
72%
Baltimore Traction “
25 183g 18»« *1838 18% 18% 183s 18% 18%
18% 18%
BaltimoreTrac’uU (Phil.). 25 1838 183g l*3a 1638 18% 183e *18
18%
18% 18%
Bostoa & Albany (Boston).100 Î......... 210
209 209% 209 209
209 209
209% 209%
Boston & Lowell
“
100 ' .........204
203% 203%
204
204
’203
204
Boston & Maine
“
100 168 169
168 169
Ì68** 168 168% 169
168% 169
Central o f Mass.
“
100 *14% 15
14% 14% *14% 15
15
*14
15
Preferred
“
100 . . . .
60
60
60
58
*57
60
Chic Bur. & Quin. “
100 807g 8138 ‘ 81% 82
80% 81% 80% 81%
80% 81%
Chic. Mil & 8t P. (Phil.). 100 673g 677s 67% 68
663a 673s 6 6 % 67%
66%
67%
Cho.O.&G.vot.t.c. “
50 12% 123s 12 % 12 %
1 2 % 13
12 % 12 %
13% 13%
Oit.8t.R y of Indtf "
100
39% 40 »8 41
413s 41% 41%
41% 41%
Electric Tract i’n
“
50 *73»8 73»S *73
73% 73% 73 V# *73% 73%
*73% 74
Fitchburg pref.. (Boston). 100 *89*« 90 »4 90
90
89% 89% 90
90
90
90%
Lehigh Valley.. ( Phila.). 50 37% 38
37% 377e 37% 37% 37% 37%
37% 37%
Maine Central (Boston). 100
133% 133%
133%
134%
Metropol’n Trac.it (Pnil). 100 94»« 9478 94% 94% *94»« 95
94% 94%
94
94%
123s 1238 12 12
Mexican Cent’l (Boston). 100 12
12»8
11% l l 7t
11 % 11 %
N.Y.&N.E.,tr.rec.§ “
100 42% 42% 44
45% 43% 44% 43% 43%
43% 44%
Prefer! ed.tr. rec. $ “
100 80% 80% 80% 85
84
84
*83
84
83
83
Northern Central (Balt.). 50 ■68% . . . .
*68%
*63% 70
*69
70
Northern Paciiio (Phila.)\00
5%
55a 5%
5% 5% " 5% " 5%
5%
5%
5%
Preferred
100 20
2u% 2 0 % 20 % 20
20% 20
20
*19%
19%
Old Colony.......(Boston) 100 ’ 178% 179
178
178% 178% 178 178
176% 178
Pennsylvania...(P h ila .). 50 52% 527g 52% 53% 53
53% 52% 53
52% 53
People’ sTraction
“
50 60»8 60% 60% 61
60% 61
60% 6078
61
6178
Phila. & Heading.
“
50 911,« 9?g 9u13 10
9%
9%
9% 9 u le
9»,« 9HltJ
Philadelph Trao. “
50 82% 827g 83
83
82% 82% 82% 82%
82% 83
Union Pa< iflo. . . f Boston). 100 14% 14% *15
15% *13% 14% *11
14%
*14
14%
it lis c e lla n e o u s S t o c k s .
Ana.Sug’r Refin. If (Boston) . . . . 118»8 118V 117% 118% 116% 117% 116 117%
117%118
Preferred........
“
99% 99% 99% 99% 99% 99% 99% 100
100»8 100%
BeU Telephone..
“
100 2 j 2 202% 200 201
201 202
2 01 % 202
201 202
Bost. & Montana.
“
25 50
52
52% 54% 53% 54% 53% 54
53
54
Butte & Boston..
“
25 15% 16% 16% 1678 16% 17
16% 16%
16
16%
Calumet & Hecla
“
25 290 295
295 305
300 304
299 300
295
300
Canton C o .......... (Balt.). 100
’ ........ 71
*68
70
Consolidated Gas “
100 61% 61% *6 1% 62
61% 61% 61% 61%
61% 61%
Elec.Sior. Bat’yU(PAtZa.),100
28
28%
28
28
28
28
Preferred H
“
100
'28% “ ¿ 8%
28
28
Erie Telephone.(Boston). 100 57% 57% 57% 57% 57
57% 57
57%
57
57%
General Electric.
“
100
33% 33% 33% 34% 34% 35%j 347s 35%
35
35%
Preferred........
f*
100 ........ 65
63
63
63
64 i 63
63
64
64%
Lamson StoreSer.
“
50 24% 24% 24% 24% 24% 24% 24% 24%
24% 24%
I/ehi’b Coal&Nav. (Phila.) 50 48
48
47% 47% 47% 47%
47% 48
47
47
N. E. Telephone (Boston). 100 71
71
*71
72
71% 71% 72
72
72
72
Unit’d Gas Imp.K(Pfula.). 50' 70% 70% 70% 70% *70
70% 70% 71
71% 7178
Welsbaob Light 1i “
5 *443a 45
45
45
44% 45
45% 467s
47%
47h
West End Land..(Boston)....
*2 %
2%
2%
2%
29ie 2% 29i6 2%
2% 27e
_____ 6 All instalments paid.
* Bid and asked prices; no sale wa- made.
U Lowest is .ex dividend.
Inactive Stocks.
Bid.
Ask.
Prices oj May 31.
Catawissa........
1st preferred
Connecticut & Pass..
Connecticut River
Consol Tract of N.J.U
Delaware&Bound Br.
Flint & Pere Marci... 1
Preferred
____ _
Hestonviile Paeseng. 1
Preferred 11.............
Hunt. & Broad Top...
Preferred................
Kan. C’yFt.S. & Mem.|
Preferred.................
Mine Hill & 8. Haven
Nesqueboniug V a l...
North American Co..
North Pennsylvania.
.100
.100
. 50
50
50
. 50
.100
100
100
.100
100
.100
100
. 50
50
50
50
.100
100
. Ö0
50
50
100
50
.100
. 50
50
100
100
.100
100
. 50
50
.100
50
50
100
.100
100
100
92
92%
262 264
32%
3
48%
48
51
20
22
138 139
255 260
28
29%
13
43
14
46
59%
33% 34
53% 54%
16
18
50
69
64.
66% 67
54%
83
8
Inactive stocks.
Bid.
Ask.
Boston United Gas, 2dm. 5s.. 1939 56% 58
Burl. & Mo. River Exempt 6s, J«feJ 114% 115%
Non-exempt 6s.......... 1918, J«feJ f 104% 105%
! Plain 4s.........................1910, J&J 98 |100
Ohio. Burl. A Nor. 1st 5,1926, A«feO 103% 103%
2d mort. 6s.................1918, J&D 98 I 99%
Debenture 6s..............1896, J&D 97 100
Chic. Burl.* Quincy 4 s ..1922, F&A 93% 95
Iowa Division 4s.......1919, A&O
96 I 98
Chic. <feW.Mich, gem 5s, 1921, J&D 82 î 85
Consol, of Vermont, 58.1913, J&J
Current River, 1st, 5s..1927, A&O
Det. Lans. & Nor’n M. 7s. 1907, J&J
Eastern 1st mort 6 g,1906,M&8.
Eree.Elk.&M.V.,1st, 68.1933, end.
K. C. C.&Spring.,1st,5g.,1925, A&O
K 0. F.8.&M . con. 6s, 1928, M&N
IK.C. Mem. & Bir.,lst, 2s,1927, M&8
¡K.C. Bt. Jo. & C. B., 7S..1907, J«feJ
L. Rock & Ft. By 1st, 7 s .. 1905, J&J
Louis.,Ev.&St.L.,1st,6g.l926,A&O
I 2m., 5—6 g ...........................1936,A&O
U ar. H. A Ont., 6s....... 1925, A&O
Mexican Central,4 g ... 1911, J&J
1st oonsol.inoomes, 2 g, non-cum.
2d oonsol. inoomes. 3s, non-onm.
N. Y. & N.Eng„ 1st,78,1905, J&J*
1st mort. 6s................ 1905, J&J
2d mort. 6s..........................1902,F&A
Ogden. & L.C .,C om 6s...l920,A *0 U6
Inc. 6s.....................................1920
■Ru tland, 1st,6s.......... 1902,M&N i i T *
§100
Sales
of the
Week,
Shares.
Range of sales in 1895.
Lowest.
13,295
60
39
5
1,765
3,527
32
5
191
3% Jan.
50 Jan.
49% Mar.
69% Mar.
14% Jan.
14% Jam
206% Mar.
196% Jan.
160 Jan.
100
5 Apr.
48 Feb.
19,612 69% Mar.
22,600 54 Mar.
2,394 11% May
1,895 34% Feb.
119 70 Apr.
238 82% Jan.
1,454 27% Mar.
15 125% Jan.
552 81 Apr.
1,955
5% Jan.
3,904 29 Jan.
479 59% Feb.
64 Jan.
4*,497 2% Jan.
492 13 Feb.
83 178 May
4,250 48% Jan
7,071 43 % J an.
10,715 3»3i6 Mar.
757 76 Apr.
143
8 Mar.
27,516 86% Jan.
2,140 90 Jan.
318 175% Apr.
25,7111 33% Jan.
17,5271 9 Mar.
591 280 Mar.
. . . . . . I 67% May
480 60 May
220 27% May
100 28 Apr.
621 45% Feb.
7,871 2578 Mar.
227 60 Feb.
291 22% Feb.
104 40% Mar.
232 66 Feb.
1,715 67 Apr.
3,016 36 Mar.
700
2 Jan.
2
65
72%
18%
18%
May
Jan.
Apr.
May
May
210 % Apr.
204 May
170 May
16 May
60% May
82 May
68 May
13% May
42 Mar.
87 Jan.
90% May
39 May
134% May
106% Jan.
13% May
45% May
85 May
69 May
7% May
25% May
180% Jam
53% May
61 % May
10 % May
99% Jan.
17% May
18
21
22
14
21
22
IS
15
13
14
27
17
31
9
3
8
11
31
3
7
27
27
24
13
14
19
10
31
18
2
10
119% May 18
100 % May 31
210 May
51% May
17 May
305 May
91% Jam
65% Jan.
34% Feb,
32% Mar.
59 May
37% Mar.
70 Mar.
25% Apr.
49% Jam
72 Mar.
72% Mar.
47% May
331BMay
20
27
28
27
16
2
13
18
13
25
23
16
5
28
9
31
9
Bonds.
Bid. Ask.
People’s Trac. trust certs. 4s..1913
Peridomen, 1st ser.,5a.l916, Q—J
Phila.& Erie gen. M. 5g.,1920, A&O
Gen. mort., 4 g ..........1920, A&O
Phila & Read, new 4 g., 1958, J&J
1st pref. income, 5 g, 1958, Feb 1
2d pref. income, 5 g, 1958, Feb. 1
3d pref. Income, 5 g, 1958, Feb. 1
2d, 5s.......................... 1933, A&O
Consol, mort. 7 s......1 9 1 1 , J&D
Oonsol. mort. 6 .......1 9 1 1 , JAD
ImprovementM. 6 g., 1897, A&O
Com M.,5 g.,stamped,1922,M&N
Terminal 5s, g ........1941, Q.—F.
Phil. Wilm. & Balt., 4s. 1917, A&O
Pitts. C. * St. L., 7 s ....1900, F&A
Rochester Railway, con. os ..1930
3chuyl.R.E.8ide,lst 5 g.1935, J&L
Union Terminal 1st 5s,.,.......F&A
94% 95
101% .........
117 119
102%
70
70%
34% 35
2 1% 21%
163«
16
117
129
118
102% 103
95
96
103
102 __ M
115»«
103 105
109% 110
Bonds,— Baltimore.
Atlanta & Chari., 1st 7s, 1907, JfcJ
Baltimore Belt, 1st, 5s.1990, M&N
Balt. C. Pass. 1st 5s..... 1911, M&N
Balt. Traction, 1st 5s,.1929, M&S
Exten. & impt. 6s___19 »1, M&S
No. Balt. Div., 5s.......1912, l&D
Baltimore & Ohio 4 g., 1935, A&O
Pitts. & Conn., 5 g. . .1925, F& A
Staten Island, 2d, 5 g,192o, J&J
Bal.&Ohio S.W.,lst,4%g.l990, J&J
CapeF.AYad.,8er.A.,6g.l9l6, J&D
Series B., 6 g . . . . . ........1916, J&D
Series C., 6 g . . . ...........1916, J&L
Cent. Ohio, 4% g ............1930, M&f
Cent. Pass., 1st 5s.......1932, M&N
City & Sub., 1st 5s........ 1922, J&D
Chari. Col.&Aug.ext.58.1910, J<teJ
CoL & Green v., 1st 5-68.1917, J&J
Ga.Car. &Nor. 1st 5 g.,1929, J&.
Georgia Pac., 1st 5-6s...l922, J&J
North. Cent. 6 s .............. 1900, J&„
6s.................
1904, J«teJ
Series A, 5s..................1926, J<&
4 % s..............................1925, A&C
Piedm.&Cum., 1st, 5 g.1911, F&A
Pitts. & Connells. 1st7s.1898, J&J
Southern, 1st 5s..........1994, J&J
Virginia Mid., 1st 6 s ...1906, MLAt
2d Series, 6 s .............. 1911
3d Series, 6 s ..............1916, M&r
4th Series, 3-4-5s...... 1921, M&fr
5th Series, 5s............. 1926, M&6
West Va C. & P. 1st, 6 g.1911, J&J
West’s.N.C. Oonsol. 6 g.1914, J&.
Wilm. Col. & Aug., 6s.. 1910, J&L
8%
42
26
4
4%
71
73
19% 14%
39% 40
70% 71
91
92
ViMVUU vuo. A AN. U . . (A/tlL
233%
AUegleny* V a l!^ 3-l^s,* 1 8 ^ , J&J 105 10S
Went Jersey...............
«
Atlantio City 1st 5s, g., 1919,M&N 99%
West Jersey & Atlan.
“
26
27
Belvldere Del., 1st,6 «.. 1902, J&D 111
Western N.Y. <&Penn
“
87e 9% Buffalo Ry. com 1st, 5s.......... 1931
Wisconsin Central...fBosk
5
5% Catawisfta, M .,7s.................. 1900,F&A
Preferred................
“
25
Choc. Okla. & Gulf, p ior lien 6s..
Worc’st.N ash.&Roch.
“
120 130
Citizens’ St.Ry.of lnd.,oon.5s.l93d
M ISCE LL AN EO U S.
Colurnb. St. R y„ 1st, con. 5s.. 1932
Allouez Min’g, asstpdfftosfc . 25 •85 1-00 Coltmib. O. CTosstown, 1st,5s. 1933
Atlantio Mining........
«
25 15% 16% Consol. Traot. of N. J., lst,5 s.l»33
Bay State G asfl.......
fjj
50 10% 10** Del. & B’d Br’k, 1st, 7«. 1905, F&A
Boston Land.............
“
10
4
4% Easton & Am. lstM .,5s.l920, MAN 107% . . . . . .
Centennial M ining...
«
10
1
1% Elmir. AWilm., 1st, 68.1910, J&J 1 1 9 % .......
Fort Wayne Elect. 11..
“
25
2
1%
Hestonviile M. A F ,, con. 5s..1924 103 ........
Franklin M ining....i
“
25 16% 17
Hunt. & Br’d Top,Oon.5a.’95,A&u
106
Frenchm’n’s Bay L’d.
“
5'
2
1%
Lehigh Nav. 4%s...........1914, Q—J 1 1 1 % ........
Illinois 8teel...............
«
100 59% 60
2d 6s, gold........................... 1897,J&D
109
.........
Kearsarge Mining....
“
25; 1»% 14%
General mort. 4%s, g. 1924,0—1
.......
Osceola Mining..........
“
25' 28% 29% Lehigh Val.Coai lst5s,g.l933,J& J 105
99 %
Pullman Palace Car.
“
100 172 173
Lehigh Valley, 1st 6 s ...1898, J&D
Pennsylvania Steel.. (Phil*
100
2»
2d 7s..................................... i9 io , MAP
PrefenedlT.............
“
100 26% 27%
Consol. 6...............................1923,J&D
,
M ISCE LLAN EO U S.
Quincy Alining. ( B o s t o
25. 116 120
Newark Passenger, con. 5s...1930
86% Baltimore Water 5 s ...1916, M&N
Tamarack M ining....
*•
25
140 North Penn. 1st, 7 s .... 1896, M&N
104
1
Funding
1916, M«feN
Water Power.............
“
1001
1
1%
Gen. M. 7s............................ 1903,J&J
Exchange 3%s............ 1930, J&J
Westingh. Elec. <teM..
“
50 32% 33
Pennsylvania gen .6a,r..l910, Var
Virginia
(State)
3s,n
ew
.1932, J&J
PreL, cumulative.
“
50 52
52%
Consol. 6s, 0
1905, Var
Funded debt, 2-3s.......19» l, J&J
. B o n d s — Boston.
Consol. 5s, r..................... ...1919, Var
117%
Chesapeake Gas, 6 s .... .1900, J&D
At.Twp.diS.F. 10o-yr.4 g.,198 j &j ! 73% 74
CJoUat. Tr. 4% g...........1913, J&D 107
Consol. Gas, 6 s „..^ .....1 9 1 0 , J&D
2d 2%-4s, g., Class A. .198! L&O 24% 25
Pa. & N. Y. Canal, 7a... 1906,J&D 126
5s .................. „ ........„1 9 3 9 , J&J
Boston United Gas 1st 5s...
76
78 < Con. 5s...................
1939. A&O 103%
Equit.aHe “ ->.«. * a .......r I
P rice includes overdue coupons.
IT Unlisted.
§ And accrued interest.
t Last price this week.
Philadel. «te Erie.
Rutland.............
Preferred........
Southern...........
.Preferred........
west End...........
Preferred.......
Highest.
9 > May 11
123
103%
U 4%
108
104
108%
102
90%
110
80
55
55
103
109
111
107
110
83
112
113
116
116
106
99
109%
95%
112
115
la
87
103
106%
114%
116
123%
104
115%
103%
104%
109
93
81»«
53
60
110
111%
107%
110%
U4
113
113%
100%
110
95%
. . __|u
106%
115%
121%
"7 3 % 74“
60% 60%
109 __ r_116%'
106%| 106%
-----1
963
THE CHRONICLE
¿UNE 1, 1895.]
NEW YORK STOCK EXCHANGE PRICES (C o n tln n eV -A C T IV E BONDS M A Y 31 AND FOB YEAR 18 9 5 .
IClosing Range (sales) in 1895.
Closing Range (sales) in 1895.
Railroad and Miscel. B onds. Interni Price
Miscel, B onds. Infer’ i Price
Period
May 31.
Lowest.
Highest.
Highest.
Lowest.
Period May 31.
Pao.
of
Mo.—2d
ext.
5s..
1938
J
&
J
106*2
Jam
103 Mar.
A tier. Cotton Oil, deb., 8g.l900 Q - F 110 b. 110*4 Feb. 113*« Apr.
St.L. A Ir. M t.lst ext.,5s.1897 F & A *l02*2b. 100 Mar. 103% Jam
62 Mar. 75 May
AuTop.&S.F.—100-yr.,4g.l989 J & J 7378
...........................
1897
2
d
,7
g
M
*
N
103»«
102 May 104 Jam
24%
16*8 Mar. 27*4 May
2d 3-4s, g., Cl. “ A’’ ..........1989 A A 0
Cairo Ark. <feTexas,7 g.1897 J * D 102%
97 Mar. 103*2 May
Col. Midland—Cons., 4 g.1940 F A A * 26 a. 17 Mar. 28 *2 May
Gen.R’y A land gr.,5g.l931 A & O 78*ab. 74% Apr. 80 *« May
48 b. 44*8 Jan. 50% Apr.
Atl. & Pao —Guar.,4 g .... 1937
Mobile
A
Ohio—New,
6
g
.
.
1927
J
&
D
120
b.
115
Mar. 120% May
2%
Mar.
6
May
4»«b.
J
A
J
W. D. income, 6s............. 1910
General mortgage, 4s. . . . 1938 M & S 69
62 Mar. 69*4 May
86 Mar. 108 May
Brooklyn Elev.—1st, 6 g ..l9 2 4 A A O 108
Nash.
Ch.
A
St.
L.—1st,
7s.
1913
132
a.
J
*
J
130
Mar.
132 Feb.
84*«
Mar.
106
May
1053i
Union Elevated.—6 g . . . . 1937 M A N
Consol., 5 g .....................1928 A & O 100 a. 98*2 Apr. 102 Mar.
Canada Southern.—1st 5s 1908 J A J * m % a . 109 J an. 112 May Nat’l
Starch
Mfg.—1st,
6s.1920
M
&
N
97
b.
90
J
an.
97 May
105
107
Jan.
102*2 Mar.
2d, 5s................................ 1913 M A 8
56 a. 50 Jan. 56 May N. Y. Central—Debt ext.4s .1905 M & N 102 b. 102 Mar. 104*4 Apr.
Cent.Ga.-S.AW.lstcon.5s.1929
1st,
coupon,
7s.................1903
J
&
J
124
b.
120*2
Jan.
124*4
Jam
111
b.
I
ll*
«
Feb.
112
Feb.
Central of N. J.—Cons.,7s. 1899 Q—j "
Deben., 5s, coup., 1884..1904 M & S 108 b. 105*2 Apr. 109*2 Jam
Consol., 7 s............ .......1 9 0 2 M A N 119 b. 114 Mar. 121 Jan.
N.
Y.
A
Harlem,
7s,
reg.1900
M
&
N
116
b.
119*2
Apr.
115%
May
General mortgage,5 g ...l9 8 7 J A J 116*4 I l l Jan. 117 May
R. W. A Ogd., consol., 53.1922 A & O 117*2 113*« Apr. 119 Jam
Leh. AW.B.,con.,7s, as’d. 1900 Q -M 105*«b. 101% Mar. 108 Jan.
West
Shore,
guar.,
4
s
....2361
J
*
J
105%
106
May
103%
Feb.
“
mortgage5s.l912 M A N 87 b. 85 Mar. 92 Jan.
N. Y. Ohio. A St. L.—4 g . .. 1937 A & O 103%a. 101*8 Feb. 104*2 Mar.
Am. Dock A Imp., 5 s ....1921 J A J l]3*«b. 111*4 Apr. 114*« Jan. N.
Y. Elevated—7s........... 1906 J & J *110 b. 107*2 Jan. 110 May
Central Pacific.—Gold, 6s. 1898 J A J 104 b. 101*4 Feb. 105 Apr. N.
Y. Lack. A W .-ls t, 6s. 1921 J * J 133 b. 131 Mar. 135 May
Ches. A Ohio.—Ser. A, 6 g.1908 A A 0 118*4b. 117 Apr. 121 Feb.
Construction,
5s............. 1923 F & A 116 b. 113*4 Feb. 116*4 May
Mortgage, 6 g . . . . .......... 1911 A A O Il7*«b. 116*« Apr. 120 Mar. N.Y.L.E.AW—1st,Oon.,7g.
1920 M & S *!33*«b. 125*2 Mar. 134 May
110*«
110%
May
M
A
N
103*8
Mar.
1st consol., 5 g ................ 1939
2d
oonsol.,
6
g
.................1969 J & D t 69 a. 155% Feb. t71 May
69*« Mar. 8 l 38 May
General 4 »«s, g ................ 1992 M A 8 80
Dook,oonsol., 6s,g. 1935 A * 0 130 a. 126 Feb. 131 Jam
R. A A. Div., lstCon.,4g.l989 J A J 971«b. 9 1 Feb. 97 May N.Long
Y. N. H. A H.—Con. deb. otfs A & O
137 J an. 145 May
“
2d con.,4g. 1989 J A J * S7 a. 85 Apr. 8778 May
92*2 May
88 Jan.
95 Mar. 99 34 May N. Y. Ont. A W.—Ref .4s,g. 1992 M & S 92*4
Eliz. Lex.ABigSan.—5g. 1902 M A 8 99*4
112
J
A
D
............1939
Consol.,
1st,
5s,
g
110 Feb. 113 May
Chic. Burl. A Q.—Con., 78.1903 J A J 120%b. 118 Mar. 121*2 May
N.Y.Sus.AW.—Istref.,5sg.l937
104
J
&
J
108
J am
101*4
Feb.
102
a.
101%
May
M
A
N
98*8
Mar.
Debenture, 5s........... ....1 9 1 3
Midland of N. J., 6s, g . 1910 A * 0 *115%b. 115 Apr. 119 Jam
98*8 Mar. 104*« May
Convertible 5s................ 1903 M A 8 104*«
60
b.
J
&
J
Norf.
A
W.—100-year,
5s,g.l990
70
Apr.
48
*«
Feb.
96%
Jan.
93*2
Feb.
95
b.
F
A
A
Denver Division 4s........ 1922
92
86% Feb. 92 May No. Pacific—1st, coup., 6 g. 1921 J & a 117%b. 112 Feb. 118 May
Nebraska Extension, 4s. 1927 M A N
A
&
()
General,
2d,
coup.,
6
g.
1933
103*«
May
99
b.
81%
Mar.
117
b.
115
*s
Mar.
120*8
Jan.
Han.&St.Jos.-ConB.,6s.l911 M A 8
General, 3d, ooup., 6 g..l9 3 7 J & D 69%
49*2 Mar. 72*2 May
Chic. A E. 111.—1st, s. f.,6s. 1907 J A D *116*«b. 114*« Feb. 117 *« May
Consol, mortgage, 5 g ...l9 8 9 J A D 40*2
24 Jan. 44 May
Consol.. 6 g ......................1934 A A O 123*« L21*2 Apr. 125*« Jau.
Col. trust gold notes, 6s. 1898 M * N * 87*sa. 70 Mar. 88*4 May
96 Feb. 100% Apr.
General oonsol., 1st, 5e ..1937 M A N 100*2
Chio.
<
fe
N.
Pao.,
1st,
5
g.1940
A
&
0
t
48
t37
Jan. t49 May
»
91*2b.
92
May
77 Mar.
Chicago A Erie.—1st., 5 g.1982 M A N
Seat. L. S. A E., 1st, gu.6.1931 F & A 1 45 b. t38 Jan. 150 Apr.
Income, 5s.......................1982 Oct. * 26 b. 14% Mar. 29 May
M
&
S
No.
Paoifio
&
Moat.—6
g.,193»
41%a.
30
Mar. 41 Mav
90*« Jan. 96 May
Chio.GasL)i&C.—1st, 5 g . . 1937 J A J 96
Ohio. Mil. & St. P.—Con. 7s. 1905 J A J 127 b. 125 Feb. 128 May No. Paoifio Ter. Co.—6 g..,193d J & J 102 b. 96 Jan. 102% May
108
%b.
Ohio
&
Miss.—Con.
s.
f.,7s.l898
J
*
J
107
Mar. 108*2 May
1st, Southwest Div., 6s. .1909 J A J 116 b. 11458 Mar. 116% Jau.
Consol., 7s....................... 189b J & J 108 %b. 107 Jan. 108% May
1st, So. Minn. Div ,6 s ... 1910 J A J 118 b. 115 Mar. 118 May
Ohio
Southern—1
s
t,6
g
.
.
.
1921
J
&
D
S3
b.
96 Jam
81
May
lst,Ch.APao.W .Div.,5s.l921 J A J 113*« 109*« Feb. 113*2 May
General mortgage, 4 g ... 1921 M & N 32 b. 29% May 52% Aar.
Ohio.A Mo. Kiv. Div.,5s. 1926 J A J 106 *«b. 104 Feb. 107 May
J
&
J
O
m
aha*St.
Louis—4
g
.
.
.
1937
42
b.
t44
May
13n J an.
107*4 Jan. 110 May
Wise. A Minn., Div., 5 g.1921 J A J 110
97 Jan. 100*2 Mar.
Terminal, 5 g ...................1914 J A J 110 b. 108*2 Feb. 110% Ap . Oregonlmpr. Co.—1st, 6 g.l91u J & D 99%
A
&
0
Consol.,
5
g
......................1939
49
55
Mar,
44 May
Gen. M., 4 g., series A ... 1989 J A J * 91 »ab. 87 Feb. 93 May
Mil. & Nor.—1st, con., 6s. 1913 J A D 119 b. 116 Jan. 120 Feb. Ore. R.ANav.Co.—1st, 6g.l909 J & J 111 b. 106% Jan. 111% May
J
&
D
91
b.
Consol.,
5
g
......................1925
t73 Jan. 195 May
Ohio. A N . W.—Consol.,78.1915 Q—F 140*« 138 May 143% Jan.
Coupon, goid, 7 s ............1902 J A D 122 %b. 120 Apr. 123*4 Feb. Penn. Co.—4*2 g., coupon. 1921 J & J 115 b. 109*2 Jan. 115 May
Sinking fund, 6s............. 1929 A A 0 113 a. 115 Apr. 120 Jan. Peo. Deo. A Evausv. —6 g.1920 J & J 101 b. 92 Feb. 103 May
Evansv. Division, 6 g . . . 1920 M & 8 100 b. 93 Mar. 97*2 Jam
Sinking fund, 5 s............. 1929 A A O 108*2 106*« Apr. 110% Jan.
2d mortgage, 5 g............. 1926 M * N 35 b. 25 Feb. 35*4 May
Sinking fund, deben., 58.1933 M A N *108 *ab. 105*« May 110 Jan.
Phila.
A Read.—Gen., 4 g.1958 J * J 77 %a. 67 Jan.
79 M ty
M
A
N
1045a
May
*106
a.
108
Jan.
25-year debenture, 5 s...1909
35 a. 18% Mar. 37 »« May
1st pref. income, 5 g.......1958
Extension, 4 s..................1926 F A A 100 b. 9S*s Mar. 102*4 Feb.
21
»4b.
2d
pref.
income,
5
g
.......1958
24*2 May
9%
Mar.
126
Jan.
130
May
Chie.R.l.APao.—6s., coup. 1917 J A J 129*«
16 b.
3d pref. income, 5 g .......1958
6*2 Mar. 18% May
Extension and coL, 5s... 1934 J A J 105*« 100 Feb. 105*2 May
J
&
J
Pittsburg
A
Western—4
g.1917
83*2
80
Ain-.
84*2 Jam
92%
May
30-year debenture,5s...1921 M A 8 92 %b. 83 Mar.
63 Jan. 77% May
Chic. St. P. M. A O.—6s....1930 J A D 130 *aa. 122 Feb. 129 May Rio Gr. Western—1st, 4 g. 193 j J * J 77%
M
*
N
St.
Jo.
&
Gr.
Island—6
g
..l9
2
>
i
62% May
151
Feb.
Cleveland A Canton.—5 s.. 1917 J A J 30 b. 82 Feb. 94 May
122 Jan. 122 Jan. 3t. L. & San Fr.—6 g., 01.B. 190n M & N 114 b. 111% Apr. I l o *2 May
C. 0. C. A I.—Consol., 7 g.1914 J A D
M
*
N
114
b.
116
Jam
....................1906
6
g.,
Class
0
.
111
Mar.
General consol., 6 g .___ 1934 J A J *Í22Í¿b. 119 Feb. 123 Apr.
General mortgage, 6 g ..l9 3 i J & J llO'ab. 102 Jan. 110*2 May
O.C.C.Adt.L.—Peo.AE.,4s.l940 A & O 80*«b. 74 Mar. 81 May
A
&
0
53*2
Cons.
guar.
4s,
g
.............1990
5
i
Jam
49
Mar.
17 Apr. 27*« May
27
Income, 4s....................... 1990 April.
76 May
Col. Coal A Iron.—6 g.......1900 F A A * 95 a 92 May 95 Jau. St. L. So. West.—1st, 4s, g.l98o M * N 76 b. 62 Jan.
2d, 4s, g., in co m e .......... 1939 J * J 36%
37*8 May
16*a Jau
OoLH. Val. A Tol.—Con. ,5 g.1931 M A 8 91 b. 86*« Mar. 94 May
88 Jan. 98 Apr. St.P.M. AM.—Dak.Ex., 6 g . 191 o M * N 116'a 115 May 11 u*2 J am
95
General, 6 g ..................... 1904 J A D
J
*
J
122
May
1st
oonsol.,
6
g
...............
193o
121*4 115*2 Mar.
Denver A Rio Gr.—1st, 7 g. 190o M A N *114 b. 112% May 115*2 Apr.
u
reduoed to 4*« g. J & J 104 b. 100*4 Jau. 104 May
79 J an. 87*4 May
1st consoi., 4 g................ 1936 J A J 87*8
J
&
D
90
May
91 a. 84*« Apr.
Montana Extension, 4 g.1937
90 Feb. 99*a Jau.
Dul. So. 8b. & Atl.—5 g .. .1937 J A J 98*«
65% May
52 Jau.
Ft. W. ADenv.City.—6 g . 1921 J A D * 72*2b. 65 Feb. 74*4 Jau. San A n t.* A.P.—lst,4g.,gu.,’4 >J & J 65*2
112 Jan. 117 Jau.
90 May 93% May Sav. Fla. * West.—lst,6g,1931 A & O
Gal.H,AHanAn.-M.AP.D.lst,5g M A N
93*4
M
*
N
98
Jam
97
b.
So.
Car.
&
Ga.—1st,5
g
....l9
1
9
95
May
91
»ab.
J
A
D
87
Jan.
93*8
Jau.
Gen. Electric,deb. 5 s ,g ... 192*
86 Mar. 96 May
61 Feb. 69 May so. Paoifio, Aria.—6 g ..l9 0 9 -lo J & J 95%
Hous. a T. Cent., gen. 4s,g. 1921 A A O 69
*110*
2b.
111
Feu.
A
&
O
So.
Paoifio,Cal.—6
g
....
1905-12
109*2
Jan.
Illinois Central.—4 g ........ 1952 A A O
1st consol., gold, 5 g .......1937 A & O 91 b. 88 Feb. 93 May
99*«b. 98 Jan. 10J Apr.
4s, g .................................. 1953 M A N
Int. A Great Nor.—1st, 6 g.1919 M A N 118 b. 117 Feb. 120 Apr. So. Paoifio, N. M.—6 g .......19 ti J & J *100 b. 99*2 Jan. 105*2 May
84*2 Jan.
96*2 May
78*2b. 67*4 Mar. 79*« May Soutueru—1st cons. g.. 5s. 199 i J * J 95%
2d 4-5s..............................1909 M A S
79*2 Feb. 90 May
E. Teun. reorg. lieu4-5s. 1933 M * S 90
84*4 Mar. 91 May
91
IowaCentral.—1st,5 g ....l9 3 o J A D
E. T. V .* G.—1st, 7 g ... 1900 J * J 113 *4b. 111*4 Feb. 113 4 May
Kings Co. Elev.—1st, 5 g „1 92 5 J A J 84 b. 68 Jan. 85 May
Con.o g ........ ................1956 M * N 107*4 102 % Feb. 107% May
90% Feb. 96 *« May
95*«
Laclede Gas.—1st., 5 g ....l9 1 9 Q - F
Georgia Pao. lsc 5-6s, g.1922 J & J 110*2 b. 107*« Mar. 113*2 May
Lake Erie A West.—5 g .... 1937 J A J 117 a. 112*« Jan. 117 May
Knoxv.
* Ohio 1st 6s, g.192 5 J & J *114 *4a, 111*2 xMar. 114 Feb.
J A190o
J 117*8 116 Apr. 118 Jau.
L.
8hore.—Con. op., 1st, 7s.
Rich. A Dauv. oon. 6s, g.1915 J * J 120% 118 Jan- 120% May
Consol, oou^/., 2d, 7s.......1903 J A D 124 *«b. 123 Mar. 124*« May
J * J *114 b. 109 Feb. 115 May
West.No.Gar.lstcou.6s,gl914
Long Island.- 1st cou.,5 g .l9 o 1 Q—J 121 b. 117*4 Jan. 119*2 May
88 May
99 b. 95% Feb. 99 May Tenn.C. 1. * Ry. Tea. D.,1st,6 g A & O 87 b. 77 Jau.
General mortgage, 4 g ..!9 3 o J A D
78 Mar. 92% May
J & J 92
Birmingham
Div.,
6
g
.
.
.
l
9
l
?
Louis. & Nash.—Cons., 7s.189a A A Ü 108 *«b. L07 Apr. 110% Mar.
83*2 Jan.
94 May
N .O .A Mobile, 1st, 6 g ..l9 3 o J A J 120-ab. 115*« Feb. 120 J an. Texas * Paoifio—1st, 5 g..20Jo J * U 93%
21*2 Jau.
31% May
31
2d, income, 5 g. . . . . . ...200o March
“
“
2d, 6 g .. 193o J A J *102 b. 103 *« Mar. 104 Jan.
M
&
N
1
»2 J am !
176
Mar.
*t
85
a.
Tol.
Auu
Ar.
&
N.
M.
—
6
g.
1921
114
Feb.
J
A
D
119*2
May
119*«b.
General, 6 g .....................193o
71*« Mar. 82*i May Toledo * Ohio Cent.—5 g.1935 J * J " I l l b. 107*« Feb. 110 May
Unified, 4 g .................. 194o J A J 82*4
J
*
D
57
Feb.
171
May
70*2b.
Tol.
St.
L.
*
Kan.
O.—6
g.,1916
79
Jan.
85
Jan.
Nash.Fl.ASh.-lBt,gtd.,5 g.’3, F A A * 82 b.
Kentucky Central.—4 g. 1987 J A J 89*2b. 83 Jan. 90 May Union Paoifio—6g ........1 8 9 8 J * J 106-4 102*2 Mar. 106*2 May
M
*
»
89
Mar.
98
Jamj
96%
Ext.
sinning
fund,
8
.....1
8
9
9
Louis. N. A. & Oh.—lst.,6s.l91o J A J 111 b. 106 Jam 113*« May
139 Apr. t46 May,
Collateral trust, 4*«.......191» M * N
93*2 Feb. 1013s May
Consol., 6 g ............ ........ 1916 A A O 10138
83 Feb, 96*« May
Gold 6s, col. trust notes. 1891 F & A 95 *2
Louis.St. L. A Texas.—6 g.1917 F A A 56 b. 55 Feb. 56 Mar.
Kan. Pao.-Den. Div., 6 g.1899 M * N 107 %b. 103 *« Mar. 10s Jam
Manhattan consol. 4s........ 199o A A O 100 b. 96 Jau. 100*4 May
M
&
N
62 Feb. 78 Jam
72
1st
oonsol.,
6
g
............1919
Metro. Elevated.—1st, 6 g.1908 J A J *121 *«b. 118*2 Jau. 121*2 Apr.
88 Jau. 102% May
Oregon short Line—6 g..l922 F * A 101%
2d, 6s................................1899 M A N 107 b. 106 May 109 Feb.
39 Feb.
53 May
A
*
O
Or.S.L.AUt’
UN.—Cou.5g.19l9
51
Mich. Cent.—1st, cons., 7s. 1902 M A N 118 *4b. 117 May 121*8 Jan.
U.P.Deu. AGulf.com. 5 g. 1939 J * D 40 *4b. 32 Feb. 43 May
Consol., 5 s .......................1902 M A N *io5 b. 107 May 109*« Apr.
40
May
J
*
J
64 Jam
44%
U.
S.
Uord.—1st
col.,
6
g
..l9
2
l
Mil. Lake Sh. A W.—1st, 6 g. 1921 M A N 128*ab. 127*« May 131 Feb.
91% Feu. 98 Apr.
Exten. A Imp., 5 g..........1929 F A A 112 b. 109 Apr. 115 J an. Virginia Mid.—Gen.M., 5s. 1936 M * N 96
107
Apr.
M
A
N
106*2 104*8 May
81 Jan. 93*« May Wabash—1st, 5 g .............. 1939
Mo. K. A E.—1st 5s, g., gu. 1942 A A O 92*4
63% Feb. 77 May
2d mortgage, 5 g....... ...1939 F & A 76*4
79% Feb. 88 *4 May
J .l9
AD
M.
K. A Texas.—ls t,4 s ,g
9 o 87%
108
May
102
*4
J
an.
44 Feb. 60 *4 May West. N. x. iKPa.—1st,5 g. 1937 J & J 107 b.
2d, 4s, g .......................... 1990 F A A 58*2
t 23*« Jan. 131 Apr.
2d mortgage trust reets.1927 A * 0 t 31
83 Mar. 95 J an.
95
Mo. Pao.—1st,con., 6 g..„.1920 M A N
110
May
106
Jan.
3d, 7s...............................1906 M A N 108 b. 103 Mar. 110 May West. Uu. Tel.—OoL tr. 5s. 193d J * J 110 b
Pao. of Mo.—1st, ex., 4 g.1938 F A A 103 *«b. 100 % Mar. 104*2 May Wise. Gent. Go.— 1st, 5 g.,1937 Ij * .1 57 *«a 1 44 Mar. 57% May_
N ote.—“ b ” indicates price bid ; “ a ” price asked ; the range is made up from actual sales only. * Latest price tins week, t Trust receipts.
R ailroad
and
NEW YORK STOCK EXCHANGE PRICES—(.Continued).—IN ACTIVE BONDS— MAY 3 1 .
S E C U R IT IE S .
B id .
A sk.
Railroad Bonds.
(R o c k E x c h a n g e P r i c e s ./
A l a b a m a M id .— 1 s t , g ., g u a r .. 1 9 2 8
A . T . & 8 . F — S d , 4 s , G la s s B .1 9 8 9
C h ic a g o & S t. L o u .— 1 s t , 6 8 -1 9 1 5 *ÍC 6 *
*70
• !<h . m a d . 1 s t , g . , o n .............. . . . 1 9 3 6
A t l . k P a c .— 2 d W . D ., g u . 6 s ,.1 9 0 7
B a l t . 4« O h i o — 1 s t . 6 s . P a r ir B 1 9 1 9 1 1 5
SECURITIES.
Baltimore & Ohio—(Con.)
73
W'. Va. A Pitts.—ist, g., 5s.. 1990
B. A O. S. W., 1st, g., 4*28...1990
Monon. River, lstg .,g . 5 s...1919
Cent’lOhio Reor.—1st, 4*ss.l930
Ak.A Ch. June.—1st,g,5s,gu.l930
Brooklyn Elevated—2d, 5 s...1915
Rmuiaw ‘V Ar W*r>—1«t. &
1
Bid. Ask.
SECURITIES.
Baft. R< oh. A Pitts.—Gen., 58.1937
KoOh
P.. 1st, 68..............1921
110
Roch. & Pitts.—Cons.lst, 68.1922
114
Bari Ced. Rap. A No.—1st, 5s. 1906
Consol. A collât, trust, 5 s ... 1934
11Ò
Minn* A 8t. L.—1st, 7s, gu ..l92 7
Iowa C. A West.—1st, 7s....1909
104
Oed. Rap. I. F. A N., 1st, 68.1920
*101 103
1st, 5 s . .. . ................ ........ 1921
77
78%
........ .......
Bid.
Ask
96 ........
*121
119% 120*2
108 ........
.........
*135”
106 107
104
*95
98
964
THE CHRONICLE
[VOL. L X
NET» TOftK. STOCK. EXCHANGE PR 1CES.—IN ACTIVE BONDS—/Continued)—M A Í
SECURITIES,
Bid.
Ask.
Gent. BR. A, Bank.—Col. g,5s.l937 92%
Cent, of N. J.—Conv. deb., 6s.1908
Central Paciflo—Gold bds, 6s, 1895 i o i
Gold bonds, 6s.....................1896 104%
Gold bonds, 6s......................1897 104%
Ban Joaquin Br., 6s..............1900 105
Mort. gold 5s...................... ..1939
Band grant, 5s, g.................. 1900 93%
Cal. & O. Div., ext., g. 5 s ...1918
West. Pacific—Bonds, 6s___1899 io e '
Mo. Railway (Cal.)—1st, 68.1907
50-year 5s...........................1938 92
Ches. & O.—Pur. M. fund, 6s. 1898 107%
wiaig Valley—1st, g., 5 s ....1940
Warm Spr. Val., 1st, g. 5s.. 1941
Gaes. O. & So.West.—1st 6s, g.1911
8d, 6s...................................... 1911
60
Ob. V.—Gen. con.lst,gu.g,58.1938
Chicago & Alton—8. F., 6s___1903 115
corns. A Mo. River—1st, 7S.1900 113%
0.1 ija
-I ann 108
Si. L*. Jacks." A Cbicl—2d, 7s". 1898 *107%
Mlss.R. Bridge—1st, s. f., 68.1912 *106
Cbtc. Burl. & Nor.—1st, 5 s ....1926 *104
Debenture 6s...............
1896 *95
Cb e. Burling. A Q.—5s, s. f..l9 0 1 *104%
Io v a Div.—Sink, fund, 5s.. 1919 107
Sinking fund,4s............ ...1919
97%
<*lain, 4s.............................. ..1921
87%
101
Chio. A Indiana Coal—1st 5 s.1936
Cbi. Mil. A 8t. P.—1st,8s,P.D.1898 112% 113
ad, 7 3-10S, P. D ...................1898 118 120
1st, 7s, $ g., R. D ...................1902 *123% 125
1st, I. A M .,7s......................1897 *117 119
1st, 1. A D., 7s......................1899 ‘ 118 124%
let ,C. A M .,7s......................1903 125
ist, I. A D. Extension, 7 s ...1908 *130
1st, La C. A Dav., 5 s . ...... 1919 107
Ist, H. A D .,7 s .................... 1910 127
1st, H. A D., 5s.................... 1910 *106%
Obicago A Pacific Div., 6 s ..1910 118
Mineral Point Div. 5s.......... 1910 106% 107
0. A L. Sup. Div., 5s............1921 106
Fargo A South., 6s, A ssu...l924
Ino. oonv. sink, fund, 5 s ....1916
Dakota A Gt. South., 5s___1916 107
Mil. A Nor. main line—6s ... 1910 117%
Colo. &Norw.—30-year deb.Ss. .1921 106% 107%
Escanaba A L. S. 1st, 6 s....1901
Des M. A Minn.—1st, 7 s ....1907
Iowa Midland—1st, 8s........ 1900 ‘ 115 ......
Peninsula—1st, conv., 7 s ... 1898
........
Ohio. & Milwaukee—1st, 7s.1898 ÍTÓ%
Win. A St. P.—2d, 7s..........1907
128
Mil. A Mad.—1st, 6s............1905 *111
Ott. O. F. & St. P.—1st, 5 s .-1909 107
Northern 111.—1st, 5s........ ia io 108%
Ch.R.I.&P—D.M.&F.D.lst4s.l905
1st, 2%s..............................1905
60
Extension, 4s....................1905
Keokuk A Des M.—1st,5s.. 1923 99 100
Chic. St. P. A Minn.—1st,6 s ...1918 127 127%
St. Paul A S. C.—1st, 6s.......1919 126%
Ohio. A W. Ind.—1st, s. f., 68.1919 T07
General mortgage, 6s.......... 1932 117
CHn Ham. A D.—Con. s. f ., 7S.1905 115
2d, gold, 4%s........................ 1937
Oin. D. & Ir’n—1st, gu. 5s, g.1941
103%
d e v . Ak. A Col.—Eq. A 2d 6S.1930
C.C.C. A St. L., Cairo div.—4s, 1939
8t.Lou.Div.—lstcol.ts’t48,g. 1990 92
92%
Spring. &Col.Div.—1st,g. 4s. 1940
WhiteW.VaLDiv.—lst,g. 4s. 1940
89
Cin.Wab.&M.Div.—lst,g.4s,1991
Uin. I. St. L. A C.—1st,g.,48.1936 *96
Consol, 6s..............................1920
Cin.San.&Cl.—Con.lst.g.5s, 1928 108
.Col.Cin. A Ind.—1st, 7 s, s.i .1899 111 111%
Consol, sink, fund, 7s.......... 1914
Cin.&Spr.—1st,C.C.C.&I.7S.1901
115
Cleve. Lorain A Wh.—1st, 5s.193b T07 109
d e v e & Mab. V.—Gold, 5 s ... 1938 112
Del. Lack. &W.—Mort. 7 s....1907 130%
Syra. Bing. & N. Y.—1st, 7s. 1906
Morris A Essex—1st, 7s___1914 141 141%
Bonds, 7s.................... .....1 9 0 0 116
7s of 1871...........................1901 117
1st, com, guar., 7s............1915 142 143%
Warren -2d, 7 s . . . . ............ .1900 114
.AH.Can.—Pa.Div.,coup.7s.l917 143
Albany A Susq.—1st, gu.,7s.l906 125
1st, cons., guar., 6s.......... 1906 119 119%
Reus. & Bar.—1st, coup., 78.1921 142
Denver d t y Cable—1st, 6s. ..1908
Deuv. Tramway—Cons. 6s, g.1910
Metropol. Ry.—lst,gu. g.6s,1911
Denv. A R. G.—Imp., g., 5 s ... 1928 85%
Det. Bay C. & Alp.—1st, g.,6s.1913
Det.M. AM .—L. g. 3%s,ser.A.1911 24
25
•Jaiuth A Iron Range—1st os.1937 96
96%
Erie—1st, extended, 7s.......... 1897 106
2d, extended, 5s....................1919 114
3 1, extended, 4%s.................1923 108
4tb, extended, 5s^................1920 114% ........
5:h, extended, 4s.................. 1928 102
1st, con., g., f ’d, 7 s ..............1920
133
Reorg., 1st lien, 6 s ..............1908 106 112
B. N. Y. A E.—1st, 78...........1916
W.Y.L.E. AW.—Fnd. oou. 5s. 1969
Col. trust., 6s....................... 1922 Í 05” i i o ”
Boff. A S. W.—Mortg. 6 s ....1908
Jefferson—1st, gu. g. 5 s ___1909 Í02%
Coal & RR.—6s......................1922
Dock A Im pt.,lst 6s, cur’cy.1913 Í08*
Eareka Springs—1st, g., 6 s ...1933
Evans. A T.H.—1st,cons.,6s..1921 *110
1st, general, g., 5 s ............... 1942
......
Mt. V ernon 1st 6 s ............... 1923
E.<feT.S.-^-'Ul.Co.Br.lst,g.,5s.l930
Ev.&RjcK.—1st gen.5s,g.gu,1931
Evans. A Indian.—1st, con s..l926
95
Flint A P. Mara.—Mort., 6s. ..1920 ÌÌ4% 116
1st con. gold, 5s ...................1939 87%
Port Huron—1st, 5s ............ 1939 87% 91
SECURITIES.
Bid.
Ask.
Fla. Cen A Pen.—ls t g . 5 s .... 1918 T08
1st con. g., 5 s ....................... 1943
Ft. Worth A R. G.—1st g., 5s..1928 58
62
Gal. Har. A San Ant.—1st, 6s.1910 99
2d mort., 7s......................... .1905 102
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Ga. So. A Fla.—1st, g. 6s........ 1927
Grand Rap. & Ind.—Gen. 5s.. 1924
G. B.W. A St. P.—1st, con. 5S.1911 50
2d inc. 4s............................... 1906
6
Housatonio—Cons, gold 5 s .... 1937 120 % 122
N. Haven A Derby, Cons.5s..l918 113
Hous. AT. C.—Waco A N. 7S..1903 110
1st g., 5s (int. g td )..............1937
110
Cons. g. 6s (int. gtd)............1912 102 %
Debent. 6s, prin. & int. gtd.1897 *85
90
Debent. 4s, prin. & int. gtd.1897
84
Illinois Central—1st, g., 4s ...1951 ’110
1st. gold, 3% s....................... 1951 103
Western Line, 1st, g. 4s ....1P51 102 102 %
Cairo Bridge—4s............... ..1950 99
Springf. Div.—Coup., 6 s ....1898 103 H
Middle Div.—Reg., 5s..........1921 111
C. St. L. A N. O.—Ten. 1., 7s.1897 107% 108
1st, consol., 7s....................1897 107% 108
Gold, 5s, oouj o n ............... 1951 119
Memp, Div., 1st g. 4s.......1951
Ced. Falls & Minn.—1st, 7s.. 1907 120 140
Ind. D. A Spr.—1st 7s, ex. op. 1906
Ind.D.AW.—2d, 5s, g.,tr.rec..l948
Ind. Ills. & Iowa.—1st, g, 4s.. 1939 83
85%
1st, e x t , g. 5s........................1943 93
95
Int. A G. N’n.—3d, 4s, g ____1921
33
35
Kings Co.-F.El.,lst,5,g.,gu. A. 1929
75
Lake Erie A West.—2d g., 5s.1941 104% 105
L. S. AM. Sou.—B.AE.—■New 7s.*98 108%
Det. M. A T.—1st, 7s............1906 125
Lake Shore—Div. bonds, 7s. 1899 lllSg 112
Kal. All. A G. R.—1st gu. 5S.1938 114
Mahon’ g CoalRR.—1st, 5s.1934 115%
LehighV.,N.Y.—1st gu.g.4%s.l940
103%
Lehigh V.Term.—1st gu, 5s,g. 1941 109%
Lehigh V’y Coal—1st 5s,gu.g.l933
Litchf. Car. A West.—1st 6s. g.1916
Little Rock & M.—1st, 5s, g..l9 3 7
Long Island—1st. 7 s ...............1898 108% 109%
Ferry, 1st, g., 4%s............... 1922
95%
Gold 4s...................................1932
N. Y. A R’way B.—1st, g. 5s.1927 102
2d mortg., i n o ..................1927 37% 43
N.Y.AMan.Beaoh.—1st, 7s, 1897 100
N.Y.B.AM.B.—1st con. 5s, g. 1935 100
Brookl’nAMontauk—1st,6s. 1911
1st, 5 s ................................. 1911
No. Shore Br.—lstcon.5s,g.l932
104
Louis.Evans. A St. L.—Con.5s.1939
40
Louis.*Nash.—Cecil. Br. 7s.. 1907 107%
E. H. & Nash.—1st 6s, g ....l9 1 9 115
Pensacola Division, 6s........ 1920 102 %
St. Louis Division, 1st, 6s... 1921 123
2d, 3s...................................1980 65
Nashv. A Decatur—1st, 7s.. 1900 112
S. f.,6s.—8. A N. Ala............ 1910 108
10-40, gold, 6s......................1924 100%
50-year 5s, g.,....................... 1937
100
Pens. A At.—1st, 6s, gold. ..1921 102
Collat. trust, 5s, g ............... 1931 106
Lou.N. Alb. ACh.—Gen. m.g. 5 s. 1940 73% 74%
Manhattan Ry.—Cons. 4s.......1990 100
Memphis A Chari.—6s, gold.. 1924
1st con. Tenn lien, 7s.......... 1915 105 110
Mexican Cent. Consol.—4s, g.1911
1st, cons, income 3s, g ......l9 3 9
Mex. International—1st, 4s,g.l942
Mexican National—1st, g., 68.1927
2d, income, 6s, “ A” . . . . ....... 1917
35
2d, income, 6s, *f B ” ............ 1917
9%
Michigan Central—6s..............1909
Coupon, 5s..............................1931 116
Mortgage 4s...........................1940 101
Bat.C.AStrgis.—Ist,3s,g.gu.l989
Mil. L. S.&W.—Conv. deb., 5 s.1907 i o i ’ 107
Mich. Div., 1st, 6s.................1924 126%
Ashland Division—1st, 6s ..1925 125%
Minn.* St. L.—1st, g. 7s........ 1927 140 144
Iowa Extension, 1st, 7s.......1909 124 126%
Southwest Ext.—1st, 7s.......1910 124% 127
Pacific Ext.—1st, 6 s ............1921 118
Minn. A Pao.—1st mortg., 5s.1936
Minn.St.P. A8.S.M—1st o.g.4s.l938
Missouri Kansas A Texas—
Mo.K.AT.of Tex.lst,gu.5s.g.l942
84
Kansas City A P., 1st,4s,g.. 1990
74%
Dal. & Waco—1st, 5s, g u ....l9 4 0
Missouri Pacific—Trust 5 s ... 1917
78
1st coll., 5s, g ............
1920
St L.&I. M.~Ark.Br.,lst, 7S.1895 T03%
Mobile A Ohio—1st ext., 6s... 1927
St. L. A Cairo —4s, guar.......1931
Morgan’s La. A T.—1st, 6 s....1920 T12
1st, 7s......................................1918 124%
Nash. Chat. * St. L.—2d, 6 s.. 1901
N. O. A. No. E.—Pr. 1., g., 6s..1915 I I I
N. Y. Central.—Deb. g. 4 s ....1905 103
N. J. June—Guar. 1st, 4 s ...1986 100
Beech Creek—1st,gold, 4 s.. 1936 '106% 106%
Osw. & Rome—2d, 5s,g.,gu.l915
Utica A Bl. Riv.—4s, g., gu.1922 '104
N. Y. A Put.—1st, g., 4». gu.1993 '100
N. Y. N. H. A H.—1st, rev I s . 1903
N. Y. & Northern—1st, g. 5 s.. 1927 116
N. Y. Susq. & West.—2d, 4% s.l937 80
Gen. mort., 5s, g ................. 1940 81
N. Y. Tex. & Mex.—1st,4s,gu.1912
North’n Pacific—Divid’d scrip ext.
55
James River Val.—1st, 6S...1936
Spokane A Pal.—1st, 6s.......1936
73
St.Paul & N. P.—Gen., 6s..1923 120 123%
Helena ARedM’n—lst,g., 6s. 1937
Duluth AManitoba—lst,g.6sl 936 75
Dul.&Man Dak.Div.—Ist6s.l937 78
Cceur d’Alene—1st, 6s, gold. 1916
Gen. lst,g., 6s.................... 1938
Cent. Washington—1st,g.,68.1938
SECURITIES.
31.
Bid.
Ask.
Norfolk & South’n—1st, 5s,g. 1941 105
Norfolk & West.—General, 6s. 1931 117
New River 1st, 6s.................1932 110 115
Imp. A Ext., 6 s .................. 1934
Adjustment M., 7s...............1924
Equipment, 5s.......................1908
70
Clinch Val. 1st 5s................ 1957
60
63
RoanokeASo.—1st, gu. 5s, g.1922
Scioto Val. A N. E.—1st, 4s,. 1990 79
79%
Ohio A Miss—2d consol. 7 s ...1911 116
Spring.Div.—1st 7s...............1905
General 5s............. ...............1932
Ohio River RR.—1st, 5s..........1936 102
Gen. g.,5 s..............................1937
82
86
Oregon A Califor.—1st, 5s, g.1927
Oreg. RyANav.—Col.tr. g..5s.l919
65
Penn-P.C.C.A8t.L.Cn.g.4%sA1940 109 110
Do
do
Series B . . . . . . rl«>9
P.C.AS.L.-lst,0.,7s...............1900 115
Pitts. Ft. W. A C.—1st, 7 s ...1912
141%
2d, 7 s ................................. 1912
3d, 7s...................................1912 130
Ch.St.L.AP.—1st,con.5s,g.. .1932 114
Olev. & P.—Cons., s. fd., 7 s.1900 116% 118
Gen. 4%s, g., “ A” ............1942
St. L.V. A T . H.—1st,6s., 78.1897 *107 107%
2d, 7s...................................1898
2d, guar., 7s...< ................. 1898
Gd.R. AI.Ext.—lst,4%s,G.g. 1941
107%
Peo.AE.-Ind.B.AW.-lst,pf.78.1900 113
Ohio lnd.AW.—lstp ref.5 s..l9 3 8
Peoria A Pek. Union—1st, 6s .1921 Ì 12 '
2d mortg., 4%s................ ...1921
70
Pitts. Cleve. A Tol.—1st, 6s... 1922
Pitts. A L. Er.—2d g. 5s, “ A” . 1928
Pitts. Mo. K. A Y.—1st 6s___ 1932 129
Pitts. Painsv. & F.—1st, 5 s ...1916
95
Pitts. Shen. A L .E.—1st,g.,5s.1940 •83
87
1st consol. 5s......................... 1943
Pitts. & West.—M. 5s, g.1891-1941
78
Pitts.Y’gst’n&A.—1st, 5s,con.l927
Pres. A Ariz. Cent.—1st, 6s, g.1916
2d income 6s.........................1916
Rio Grande So.—1st, g., 5 s ... 1940
St. Jos. & Gr. Is.—2d inc........ 1925
15
Kan. C. A Omaha—1st, 5s.. 1927
St. L. A. A T. H.—Term. 5s.. 1914 105% 106%
Bellev. A So. 111.—1st, 8s...x896 104
Bellev. & Car.—1st, 6s......... 1923
Chi.8t.L. APad.—lst,gd.g.5s 1917
St. Louis So.—1st, gd. g. 4s.1931 *86
90
do
2d income ,58.1931
Car. AShawt.—1st g. 4S....1932
St. L. A S. F.—2d 6s, g., ol. A . 1906 114
General 5s........ . . ...........1 9 3 1
94% 100
1st, trust, gold, 5s............... 1987 77
79
Kan. City A S.—1st, 6s, g ...l9 1 6
Ft. S. A V .B .B g .-ls t, 6 s ... 1910 ICO"
Kansas Midland—1st, 4s, g.1937
St. Paul A Duluth—1st, 5s. ...1931
2d mortgage 5s.....................1917 102%
Bt. Paul Manu A M.—1st, 7 s..1909 113
2d mort., 6s..............
1909 116
Minneap. Union—1st, 6s___1922 117 120
Mont. Cen.—1st, guar., 6 s ..1937
118
1st guar. g. 5s.................... 1937 102 % lo3%
East. Minn., 1st div. 1st 5s. 1908 102%
WilmarASiouxF.—1st, g,58.193?
San Fran. A N. P.—1st, g., 5s.l919
Southern Railway—
Alabama Central—1st 6 s ...1918
Atl. A Char.—1st, pref., 7 s..1897
Income, 6s........................ 1900
Colum. A Green.—1st, 5-6s. 1916
12
E. Oenn. V. A Ga.—Di vis. 5s 1930
116
Ri oh. A Dan.—Eq. s. f. g. 5s. 1909
98%
Deben. 5s, stam ped.........1927
94%
Vir’a Mid.—Serial ser.A, 6s. 1906
Series B, 6s......................... 1911
Series C, 6s......................... 1916
Series D, 4 -5 s.................... 1921
Series E, 5 s . . . . . . . ..............1926
Series F, 5s......................... 1931
Wash.O.&W.—1st our.gu. 4s.l924
Ter.RR. As’n of St.L.-lst,4%s.l939
Texas ANew Orleans—1st,7s.1905
Sabine Division, 1st, 6s.......1912 '110
Consol. 5s, g . . . . . . .. . . . . . . . . .1 9 4 3
Tex. & Pac., E. D.—1st, g. 6S.1905
Third Avenue (N.Y).—1st 5s, 1937
120
Tol. A. A. 3c Cad.—6s............... 1917
69%
Toledo A. A. A G ’ dTr.—g. 68.1921
80
Tol. A. A. A Mt. PI.—6s.......... 1919
Tol. A. A. & N. M.—5s, g........ 1940
T. AO.C.—Kan. A M., Mort. 4S.1990
80
Tol.P.&W.—lst4s,ine.f’ d.eou.July 72
73
Ulster A Del.—1st, eon.,6.,5s.192« 104
Union Pacific—1st, 6s............. 1896 105%
1st, 6s..................................... 1897 106%
1st, 6s.................................... 1899 107
Collateral Trust, 6s..............1908 98
Collateral Trust, 5s..............1907 75
Kansas Paoiflo—1st 6s, g . ..1895 106%
1st, 6s, g ............................. 1896 107% 107%
C. Br. U. P - F . 0., 7s.......... 1895
Atch. Col. * Pac.—1st, 6s... 1905 40
45
Ateh. J. Co. A W.—1st, 6s... 1905 40
4L
U. P. Lin. A Col.—1st, g., 5s. 1918
41
Oreg.S.L.AU.N.,col.trst.,5s.l919 *27%
Utah A North.—lBt, 7s........ 1908 100
Gold, 5s...............................1926
Utah Southern—Gen., 7s ..1909 68 '
Exten., 1st, 7s..................1909 68
Valley R’y Co. of O.—Con. 63.1921 35
Wabash—Debenture, Ser. A .. 1939
Debenture, Series B ............ 1939
29%
Det. A Chic. Ext. 1st, 5s, g ..l9 4 0 96 100
No. Missouri—1st, 7s..........1895 103u
St L.K.C.&N.—R.E.&RR.7S.1895
103%
St.Charles Br*ge—1st,6s. ..1908 106*
West. Va. C. & Pitts.—1st, 6s. 1911
Wheei.&L.E.—1st. 5s, gold...lyiS6 104% 105
Extension A Imp, g., 5s.......19S0
92
Wis. Cent, income 5s..............1937 *11
Mo price Friday; these are the latest quotations made this week. V o r lU is o e lia u e o U • a n d U n lis te d B o n d s .- S e e 3d page preceding.
965
THE CHRONICLE.
J une 1, 1895.]
Roads.
AND
Latest Earnings Reported.
WeekorMo
1895.
1894.
Jan. 1 to Latest Date1895.
1894.
*
9
$
901,777
1Interoo. (Mex.) WkMay 11
868,606
41,672
51,454
676,506
571,545
31,121
Iowa Central.... 3d wk May
31,268
14,202
2,931
Iron R ailw ay... A pril........
17,071
4,877
366,325
32,761
ja ok .T . dcK. W. A pril........
192,881
66,488
8,976
3.176
8,039
3,544
Jamest’n &L. £ . March.......
RAILROAD EARNINGS.
133,600
Kanawha& Mich 3d wk May
151,878
9,088
6,699
67,226
74,179 1,640.596 1,819,967
3d wk May
The following table shows the gross earnings of United K.C.F.ScottdeM380,552
353.222
18.161
13,306
K.C. Mem.ds Bir. 2dw k May
States railroads (and also a few Mexican and Canadian roads) Kan.C. N. W .... April
105,578
72,614
16,231
22.043
4,158
1,691
348
852
Kan.G.&Beat. April
for the latest period reported. The statement includes every
128,715
9,726
C. Pitts.
G ..May
192,804
7,047
3d&wk
road from which regular weekly or monthly returns can be K.
74,583
4,606
75,035
5,001
Kan.C. Sub. Belt 3d wk May
obtained. The first two columns of figures give the gross Keokuk ds West. 3d wk May
142.659
123,762
5.347
6,346
earnings for the latest week or month, and the last two col L. Erie All.& So. April
24,705
26,421
5,323
7,266
68,165
60.520 1,298,005 1,154,409
umns the earnings for the calendar year from January 1 to L. Erie dc West.. 3d wk May
120,797
37,982
142,584
Lehigh dc Hud.. April
31,969
and including such latest week or month.
986,863
943,302
282,732 290,192
Long Island....... April
52,147
62,848
Los. Ang. Term. April
15,981
14,618
Jan.
1
to
Latest
Date.
Latest Earnings Reported.
543,213
Louis.Ev.&St.L. 3d wk May
505,920
26,816
26,158
R oads.
Louisv.deNashv. 3d wk May 337.950 331,645 7,018,611 7,183,550
1894.
1895.
1894,
Week or Mo 1895.
965,112
Louis. N.A.&Ch. 3d wk May
53,691
47,775 1,101,433
147,929
144,172
7,364
6,946
Lou. SbL.dc Tex. 3d wk May
$
$
25,793
24,637
5,615
5,231
Macon
&
Birm..
April
42,502
56,319
15,6721 14,225
Adirondack.......(March........
11,470
39,586
1,313
9,217
Manistique........
April
57,131
47.040
47,040
57,131
Ala. Midland... January...
477,302
405,010
Memphis&Chas
17,270
19,730
3d
wk
May
659,901
745.923
206,955 170,260
Allegheny Val.. April.
{Mexican Cent.. 3d wk May 176,991 166,700 3,597,301 3,299,146
19,431
23.563
7,072
8,331
Ark. Midland... March
563,872
635,505
Mexican Inter*!
228,259 204,238
Atoh. T. dc S. Fe. 3d wk May 563,759 490,444 10.726,757 10,597,641 IMex. National. March
77,094
77.663 1,673,437 1,629,199
99,574 2,132,185 2,155,825 Mex. Nortnem.. 3d wk May
St. L. & San F. 3d wk May 107,323
154,188
148,178
51,209
60,317
March
56.015 1,380,555 1,206,278 {Mexican R’way
89,381
Atlantic & Pac 3d wk May
56,743 1,289,481 1,153,933
70,151
11
Agg. tota l... 3dwk May 760,463 646,033 14,239,498 13,959,744 Mexican So— . WkMay
165,844
171,483
9,133
9,447
Istwk
May
126,962
117,767
36,547
41.866
Atlanta ds W. P. March.......
608,277
619,437
32,135
31,101
204,632
188,597 Mmneap.A St.L. 3d wk May
9,678
12,296
Atlan. & Danv.. 3d wk May
3,303,400
4,090,856
146,823
55,100 Mo. Kan. & Tex. 3d wk May 176,358
48,869
17,157
19,275
Austin dc N’west March.......
8,160,380
8,005,344
375.000
Mo.Pao.
dclron
M
384.000
3d
wk
May
B.dsO.East Lines A pril........ 1,286,931 1,269,277 5,007,806 4,944,667
327,166
211,599
Central Br’ch. 3d wk May
16,000
9.000
387,721 361,650 1,677,157 1.390.878
Western Lines April........
Total........... 3d wk May 393.000 391.000 8,216,943 8,487,546
Total............ April........ 1,674,652 1,630,927 6,684,963 6,335,545 Mobile
dc Birm.. 1st wk Apr
6.431
5,098
Bal.&O. Sou’w .. 3d wk May 108,004 101,853 2,360,225 2,297,069 Mobile dc
Ohio.. A pril........ 265,914 251.909 1,049,885 1,033,809
73,615
173,448
70,803
Bangor&Aroost. March.......
381,175
430,681
Mont.dsMex.Glf.
105.000
90,481
A
pril.......
4,825
5.140
1,647
1,784
Bath & Ham’ nds March.......
7,378 Nash.Ch.ds St. L. April........ 387,189 364,997 1,505,497. 1,542,603
5,353
1,434
1.997
Bir. dc Atlantic.. April........
7,028
5,408
Nevada
Central.
1,969
2,008
March___
712,678
889,438
34,584
41,537
Brooklyn E lev.. 3d wk May
67,139
71,304
24,339
25,885
48,463 N. Jersey dsN.Y. March___
44,614
48,463
44,614
Brunsw’k&West January...
33,849
25,393
New
Orl.
&
So’n.
5,937
5,856
April.......
1,069,016
932,434
21.421
Butf.Roch.&Pitt 3dw k May
47,965
N. Y. C. & H. R .. A pril....... 3,450,229 3,272,785 13,286,047 12,995,639
66,040 1,336,372 1,385,933 N.
65,570
Bur.C.Rap.dcN. 3d wk May
Y. L. E.ds W.. March___ 2,199,579 2,030,241 5,853,408 5,400,318
134,744
134.586
56,405
54,097
Camden dc A tl.. March.......
769,041
910,268
N.Y.Pa.
dsOhio. February
445,024 364,651
CanadianPacifio 3d wk May 325.000 322.000 5,556,948 6,168,597 N.Y.Onbde
W.. 3d wk May
75,640 1,278,161 1,235,266
68,369
17,004
11,879
2,632
2,650
Car. M idland.... April
410,453
550,657
N.Y.Susq.dsW..
March....... 191,816 151,768
399,394 426,m67 1,187,414 1.471.879
Cent, of Georgia;March
66,720
62,114
ASouth’n. February.
26,688
30,258
Central of N .J ..'A p ril........ 1,019,401 912,382 3,705,417 3,466,414 Norf.
3,542,887
Norfolk
dc
West.
3,505,357
222,694
Central Pacific.. IMarch....... 1,014,879 983,778 2,637,829 2,632,738 North’n Central 3d wk May 133,184
1,775,272
1,998,127
510,601
444,078
A
pril........
67,247
53,241
53,241
Charlest’n&Sa v.1J anuary...
67,247
13,145 North’n Paoifio. 3dw k May 282,290 262,011 5,412,836 4,957,229
5,680
5,680
13,145
Char.Sum.dc No.'January...
10,530
7,359
2,245
1,806
27,040 Oconee ds West. A pril........
29,003
Oheraw.&Dari.. March.......
9,179
16,605
232,582
248,365
River........ 3d wk May
13,177
13.663
Ches. A Ohio.. . . 3d wk May 192,634 127,400 3,53 4,234 3,237,566 Ohio
59,071
60,615
Ohio
Riv.dc
Chas
11.520
April........
15,881
488,516
539.441
Ches.0.dcSo.W.. March
197,205 161,632
237,545
280,395
6,252
7,365
528,077
526.587 Ohio Southern. 3d wk May
Chic. Bur. & No. A pril........ 139,364 128,932
83,547
43,729
49,223
Omaha
de
St.
L
..
22,104
February.
Chic. Bur. A Q.. A pril........ 2,333,145 2,495,647 9.032.107 10,280,374 Oregon Imp. Co.
862,387
749,445
319,513
Chic. A East
69,431
42,556 1,369,607 1,272,533 Ow.F.Rou.&G.R March....... 251.196
3d wk May
2,711
3.524
Maroh.......
557,259
614,451
Chloago A Erie. March
247,798 204,253
17,838,528
Ohio. Gt.West’n. 2d wk May
64.842
54,783 1,196,508 1,256,876 Pennsylvania... April......... 5,205,472 4,764,016 19,436,910
296,782
345,403
14,018
16,080
Chic.Mil.& St.P. 3d wk May 474,564 476,619 9,559,744 10,545,118 PeoriaDeo. deEv . 3d wk May
136,369
121,363
Petersburg........
50,518
45,406
March.......
8,958,430
8,174,142
Ohio. A N’thw’n. April__ _ 2,138,257 2,177,470
771,951
780,691
297,325
Phila.
dc
Erie.
Maroh....... 297.740
271,462
348.109
Chi c.Peo.ds St.L. 3d wk May
23,347
11,793
5.684.015
6,348,712
1,475.259
1,619,031
A
pril........
5,432,337
PbUa.&Read’g.
4,471,154
Chic.R’ k I .A P .. April........ 1,137,905 1,373,370
1,428.055 7,190,130 5.740.016
Cliio.St.P.M.AO. April........ 466,349 511,921 1,897,339 2,269,919 I Coaldelr.Co... A pril........ 1,673.155 2,903,314
13,538,842 11,424.031
Total both Cos A pril......... 3,322,186
562,200
602,982
Chic. A W . Mich. 3d wk May
27.843
23,899
12,013
13,437
3,234
3,486
165,732 Pitts. Mar. dc Ch. A pril.........
240,702
Choo.OkL A Gif. March___
74,912
56.421
131,950
190.066
6,492
Pitt.Shen.dcL.E.
14,918
3d
wk
May
19,370
18,679
Oin.Ga. A Ports. A pril.......
5,236
5,161
443,941
548,656
23,984
33,160
412 Pittsb. ds West-. 3d wk May
905
905
412
Gin. A Kent. Sou, January..
222,977
284,505
9,663
15.563
Pitts. Cl. dsToi. 3dw k May
232,354
216,689
Ciu.Jaok.A Mao, 3d wk May
9,627
8,918
86,560
93,752
5,215
Pitts. Pa. A F. 3d wk May
5,780
Cin.N.O. AT. P. A pril.......
291.000 249.000 1.089.000 1.144.000
772,606
946,994
38,862
54.503
Total
system..
3d
wk
May
455.000
468.000
Ala. Gt. South. A pril.......
109.000 100.000
268,456
375,237
89.400
385.000 Pitt.Young.dcA. A pril........ 108.383
427.000
98.000
N. OrL A N. E, April.......
77.000
72,640
77,644
18,308
20,096
169.000 Quinoy 0.dcK.G. A pril........
165.000
Ala. A Vioksb. A p r il.;...
37.000
34.000
174,858
162,529
65.043
58 576
173.000 Rich.Fr’ksb.dcP. Maroh.......
170.000
38.000
Vicks.Sh. A P . A pril.......
35.000
81,582
75,163
29.558
29.234
Rioh.
dc
Petersb.
March.......
Erlanger Syst. April.......
573.000 495,000 2.319.000 2.326.000
118.365
132,481
5,378
7,037
66,723 Rio Gr. South’n 3d wk May
77,773
Cin. Ports. A V. April........
18,831
21,509
707,129
766,592
44.800
45,000
330,133 Rio Gr. West’n .. 3d wk May
338,339
Clev.AkronACo. 3d wk May
15.544
16.440
33,511
35,836
7,830
9,221
183,891 Sag.TusoolaAH. A pril........
226,790
Clev.Can. A So.. 3d wk May
9,936
8,683
20,277
19,427
7.923
7,103
Cl.Cin.Ch. A St.L 3d wk May 253,881 221,259 4,978,222 4,548,993 Sag.Val. ds St. L. Maroh.......
504.366
488,431
15,900
23,950
3d
wk
May
S
t
L.
A.
dc
T.
H.
364,224
410,986
Peo. A East’n. March___
150,308 137,065
9.378
11,211
1,828
3.000
350,109 St.L.Ken’ etdsSo. April........
423,612
Cl. Lor. A Wheel. 3d wk May
15,836
25,818
59.400 1,799,587 1,585,131
73,600
5031508 ! St. L. South w’m . 3d wk May
486,502
CoL M idland.... 4thwkApr,
38.544
45,272
359.076
368,588
28,042
4thwkApr.
31.631
808,008
St.PauldcDul’th
752,934
191,904 232,655
O oL H .V .A T oi. April........
-----------i igan
^ ^ p Maroh....... 139,979 102,932
324,377
463.067
201,747
294,831
Col. Sand’y A H. 3dwk May
7,909
7,239
225,480
217,497
15,874
13,720
5,109 8. Fran.ds N.Pao. Istwk May
4,620
Colusa A Lake . April.
1,000
1,000
153,845
157,569
5,700
2d
wk
May
7,409
Sav.
Am.
A
Mon.
2,764
2,218
Crystal............... March
830
1,120
382.627
319,124
167,002 Sav.Fia. dc West. January... 319,124 382,627
170,724
OumbTdValley. March
61,110
61,728
101,798
123,442
3,783
4,046
8her.8hrev.de
So|2d
wk
May
Denv. A Rio Gr. 3d wk May 131,400 121,50< 2,410,354 2,339,022
68,393
53,597
5,034l
5,076
383,899 8ilverton........... December.
414,697
Det.Lans’gANo. 3d wk May
19,866
17,439
So.
Pacific
Co.—
65,530
69,493
28,741
Det. A Mackinac M arch....
24,817
936,956
1,124,795
303,628!
403,676
GaLHar.dcS.A
Maroh.......
517,504
650.441
30,720
Dulutha.S.dfcAti. 3d wkMay
42,590
265,095
301,377
91,952!
96,613
Louis’aWest.. Maroh.......
366,801
Eigin.Joi.de East April.
364,538
10 i,620 82,118
Morgan’ sLdsT. March....... 514,374 426,662 1,617,258 1,358.472
15,654
14,408
5,461
Eureka Springs. March
4,617
51,096
54,747
18.538
18,260
N.Y.T. AM ex. March.......
108,690
99,694
Evans. A Ind’plls' 3d wk May
5,460
5,178
404.077
412,325
Tex. AN. Orl.. March....... 142,179 139.850
36,207
32,797
Evans. A Rich.. 2dwk May
2,156
3,042
3,049,591
3,592,523
Atlantic sys.6. March....... 1,196,892 986,725
401,063
393,886
Evansv. A T. H. 3d wk May
20.0 6 17,2 ;o
Paoifio system March....... 2,564,171 2,545,8171 7,000,245 6.904,552
4,658
5,448
FindlayFtWAW January.
5,448
4,658
Total of all.. Maroh....... 3,761.063 3.532,542 10,592,768 9,954,143
Fitchburg.......... M arch...
587,196 541,661 1.580.108 1,474,110
So.
Pac. of Cal Maroh....... 862,356 820,7771 2,285,113 2,247,943
952,765
942,013
Flint A P.Marq. 3d wk May
47,740
37,139
508,546
618,280
So.Pae.of Ariz Maroh....... 225,524 181,026
59,710
53,440
Fld.Cnt. A Penin Istw k Jan
59,710
53.440
221,736
269,439
79,370
So.Pao.ofN.M.
Maroh.......
97,605
100,817
142,515
Ft.W. A Rio Gr. 3d wk May
5,144
5,465
423,363
127,147
Northern Ry.. March
1,978
2,46
Gads. A Att. U. April.
700
416
6,768,984
6,£95
803
293.248
313,709
Southern
R
y
...
3d
wkMay
507,840
467,086
Georgia R R ....... 3dw k May
18,470
17,953
173,590
204,541
67,818
78,117
248,517 8taten Isl. R. T. Maroh
246,287
Ga. Car’la A No April........
50,562
51,838
3.541
3,470
1,457
1,126
291,299 atonyOl.dsOMt.. Maroh
253,424
Geo. So. A Fla.. April........
63,022
61,167
293,763
397,626
88,232
113,047
691,773 Summit Branch. April.
761.109
Gr. Rap. A Ind. 3d wk May
29,572
37,458
252,106
254
809
81.133
31,514
Lyk. Val. Coal A pril........
142,540
164,375
Cin. R.A Ft.W. 3d wk May
8,343
6,767
545,869
652.435
144.56) 169,365
i’ot’l both Co’s A pril........
19,633
16,527
Traverse City. 3d wk May
644
933
2 2,369,625
33,798 Texas dc Pacific. 3d wkMay 102,213 101,766 2,514,7
Mus. G. R. A I. 3d wk May
46,373
1,585
2,468
14,744
14,500
3,652
3,320
Tsx.S.ValdcN
W
April
887,743
Tot. all lines 3d wk May
988,377
49,202
38,568
405,067
389,967
14,692
18,886
Grand Trunk... WkMay 25 342.866 323,158 6,563,678 6,752,622 Tol.A.A.ANo.M. 3d wkMay
535.569
587,815
17,029
20.4
»1
fol.de
Ohio
Cent.
3d
wkMay
1,102,494
Ohio. A Gr. Tr. Wk M ayl8
998,743
51,596
54,516
324.569
360,15
15,7o2
22,993
352,115 Tol. P. dc W est.. 3d wk May
Det.Gr.H.AM. Wk May 18
336,901
17,175
17,632
497,544
602,761
2-,595
34,681
ToL St. L.dsK. C. 3d wk May
Great North’n—
74,012
66,878
28,321
24,973
St. P. M. A M. April........ 843,221 491,275 3,136.585 2,584,058 Ulster dc D el__ Maroh.........
East of Minn.. April........
241,699 Union Pacific—
333,453
67,721
61,632
3,124,976
Un. Pac. R R .. March....... 1,075,573 1,078,896 2,986,43
403,524
Montana Cent. April........ 130,391
479,339
52,605
992,159 1,092,912
Or.S.L. dc U. N Maroh....... 354,834 390,8-2
Tot. system. April........ 1,041.333 605,512 3,949,37
3,229,281
211,647
141,lv3
68,883
50,634
8t.Jos.AGd.Is. March.......
13.321
Gulf <s Chicago. April........
13.817
2.984
3,241
33,843
18,157
10,856
5,916
Kan.C.AOm. March.......
Hoos.Tun.AWil, April........
10,597
15,164
4,342
3,132
385,534
24u,874
26,200
12,500
Tot. it. J. AG. I. 3d wk May
Hous.E.AW.Tex April........
137,161
166,549
36,000
27,927
327,166
211,599
16,000
9,000
Oent.Br........ a 3d wk May
Humest’uASheD April........
38,553
6,700
32.900
9,155
ACh.C0l.AP. ( vra-nnh
Illinois Central. April........ 1,448,960 1,347,425 6,056,704 5,752,118
96,095
68,006
37,328
25,409
Ach.J.C.& W > Ma 0n.......
127,806
Ind. Deo.AWest 3d wk May
6,714
168,086
9,201
5,163,406
4,577,188
1,791,165
1,639,644
Gr’
dtotal.*c
March.......
In, A Gt. North’n 3dwk May
1.138,154
1,416.831
46,262
59,815
I t a ilr o a d ItxM tigjcw cr.
$
p 966
R
o ad s
THE CHRONICLE.
Latest Eamxngt Reporten.
,
Week or Mo
1895.
1894.
Jan. 1 to Latest Date.
1895.
1894.
Un. Pac.—Con.
U. Pao. D. A G. 3d wk Apr.
Ft W’th&D.C 4th wk Apr.
Wabash............ 3d wk May
Waco & Northw March.___
West Jersey.... March___
W.V.Cen.A Pitts April........
West Va.A Pitts February.
Western of A la . March.......
West. Maryland April........
West-N.Y. A Pa 3d wk MAy
Wheel. A L. Erie 3d wk May
Wrlghtsv. A Ten. April........
9
9
$
57,135
63.936
821,702
822,274
21,311
20,631
354,169
349,938
227,8.* 5 193.532 4,379,044 4,211,745
15,972
13,6-8
42,232
58,990
112,41(
121,990
298.420
278,095
91,376
86,310
313,063
3 3,976
21,222
23,231
43,742
44,139
41,385
40,011
128,974
120,617
92,586
91,649
355.547
324,83 1
5.3,500
35,70o 1,105,312 1,029,053
16,507
22,697
446,024
458,500
7,626
5,481
26.844
25,120
* Figures given do not include Oregon R y .A Nav., Un. Pao. Denver A
Gulf, Denver Leadviile & Gunnison, Montana Union and Leavenworth
Topeka A South western.
a These figures include results on leased lines.
b Inoludes earnings from ferries, etc., aot given separately, t Mexi
can ourrenov. c Inoludes only half of lines in which Union Paoifio has
a half interest.
Latest Gross Earnings by Weeks.—The latest weekly earn
ings in the foregoing are separately summed up as fol
lows :
For the third week of May our detailed statement
covers 77 roads, and shows 8'44 per oent gain in the aggre
gate.
2d week o f May.
Atch. Top. A San. Fe.......
St. Louis A San Fr........
Atlantic & Pacific.......
Atlantio A Danville......
Balt. & Ohio Southwest.
Brooklyn Elevated.........
Buffalo Rooh. & Plttsb’g.
Burl. Ced. Ran. A North.
Canadian Paoifio............
Chesaueake A Ohio........
Chicago A East. Illinois
Chicago Milw. A St. Paul
Chlo. Peoria & St. Louis.
Chic. & West Michigan...
Cln. Jackson A Mackinaw
Cleve. Akron A Col mu b up
Cleve. Canton A South’n
Cleve. Cln. Chio. & St. L.
Clev. Lorain A Wheel'g..
Col. Sand’sky A Hocking.
Denver & Rio Grande__
Detroit Lans’g & North’®
Duluth So. Shore A Atl
Evansv. A Indianapolis.
Evansv. 4c Terre Haute..
Flint A Pere Marquette.
Fr, Worth A Rio Grande.
Georgia.............................
Grand Rapids A Indiana
Cincinnati R. A Ft. W ..
Traverse City................
Musk. Gr. Rap. A led .
Grand Trunk o f Canada..
Chic. A Gr. Trunk........
Det. Gr. Haven A Mil..
Indiana Decatur A West.
Intern’l A Gt. North’n ...
Iowa central..................
Kanawha A Michigan__
Kan. City Ft. S. A Mem.
Kan. City Pittsh. A Gulf.
Kan. City Suburban Belt.
Keokuk A Western........ .
Lake Erie A Western__
Louisv. Evansv. A St. L ..
Louisville A Nashville...
Louisville N. A. A Chic
Louisville St. L. A Texas.
Memphis A Charleston..
Mexican central.............
Mexican National...........
Minneapolis A St. Louis.
Mo. Kansas A Texas......
Mo. Pacific A IronM t__
Central Branch.............
N. Y. Ontario A Western
Norfolk A Western..........
Northern Pacihc.............
Ohio River........................
Ohio Southern.. . . . . . . . . . .
Peoria Dec. A Evansv...
Pittsb. Shen. A L. Erie..
Pittsburg A Westeru......
Rio Grande Southern___
Rio Grande Western......
St. Josenh A Gd. Island.
St. Louis Alt. A T. Haute.
St. Louis Southwestern..
Southern Railway..........
Texas A P a cific....____
Tol.Ann Arbor AN.Mich.
Toledo A Ohio Central...
Toledo Peoria A West’n..
Toledo St. L. A Kan. C...
Wabash.............................
Western N.
A P en n..
Wheeling A Lake E rie...
Total (77 r o a d s ).......
Net increase (8-44p. c .'..
1895,
1894
$
563.75S
107,323
89,381
12,*96
108,01)4
41,537
47.965
65,57«
325.000
192,634
69.431
474,564
23,34
27,84
9,627
16,440
9,936
253,831
25,818
7,»09
131,400
19,860
42,591
5,46i
20,076
17,740
5,144
18,470
37,458
8,343
933
2,468
322,185
51,596
17,175
9,201
59,815
31,268
9.(88
67,226
9,720
4,606
5,3*7
68,160
26,810
337,950
53,691
6,946
19./30
176.99
77,094
34,101
176,956
3t4,o00
9,000
68,369
133,184
282,290
13,177
7,365
16,080
14,918
54,503
7,037
45,000
12,500
23,950
73,600
313,709
102,213
18,886
20.101
22,99a
34,681
227,85 o
58. 00
16,50/
$
490,444
99,574
56,015
3.678
101,853
34,5-4
21,422
6«,04o
322,001
127,400
42,556
476,619
11,793
23,8b9
8,918
15,544
8,683
221,259
15,836
7,239
121,500
17,439
30,720
5,178
17,270
37,139
5,465
17,953
29,5.2
6,76?
644
1,58C
317,774
54,510
17,632
6,714
46,262
3 l;1 2 1
6j<-99
74,179
7,047
5,001
6,34b
60,520
26,158
331,645
47,775
7,3o4
17,270
lo8,700
77,663
32,135
1*6,523
375,000
16,0o0
75,640
222,6b4
262.011
13,66a
6,2 j2
14,ul8
6,492
38,862
5,378
44,800
26,2015 900
59,400
293,248
101,766
14,692
l7,o*2b
15,752
28,595
193,532
35,7 Ov
22,697
6,338,606 5,845,253
-
.......
[ Increase. [ Decrease.
9
73,315
7,749
33,366
2,61o
6,151
6,953
26,543
3,000
65,231
26,875
11,554
3,944
709
896
1,253
32,622
9,982
670
9,90i
2.427
11,871
282
2,806
10,601
517
7,386
1,576
289
883
4,411
2.487
13,553
147
2,389
2,676
7 ,6 1;
65S
6,3o5
5,916
2,460
10,291
1,966
30,155
9,000
20,279
1,113
2,06*
8.426
15,641
1,659
2dt
8,050
14,2o0
20,461
447
4,194
3.972
7,241
6,086
34 323
22,800
9
470
2,055
321
2,920
457
6,953
395
999
418
569
” 7,000
7,271
89,510
486
Interest Charges and Surplus.—The following roads, in
aidition to their gross and net earnings given in the foregoing,
also report charges for interest, See., with the surplus or deficit
above or below those charges.
-Inler’ t, rentals, etc.—.r-Bal. o f Net Earns
1895,
1894.
Roads.
$
*
Chic. Burl. & Quincy. Apr.
815.000
797,248
Jan. 1 to Apr. 30___ 3,260.000 3.188,990
Kan. C. Ft.S. & M ....Apr.
106,366
110,276
July 1 to Apr. 3 o___ 1,113,366 1,143,346
Kan. C. Mem. A Rir.. Apr.
13,870
39.969
July 1 to Apr. 3o___
117,571
396,968
1895.
*
1894
9
def 19.707
43.075
df.2SO.273 535,762:
dei. 3,298
1,65086/ >02 76,662
def.9.01 l def.36.07L
42,213 df.223,757
ANNUAL REPORTS.
Pacific Mail Steamship Company.
CReport for the year ending April 30, 1895.)
The full report is not yet ready, but the prelimiaary state
13,700 ment prepared for the annual meeting is as follows:
30, 1395.
Receipts.
I
Expenses.
Pass earnings........ $1,040,776 C6 I Generatand e x tc reMail earrings------..
57,373 18 1 pairs of steamers. $150.0"10 00
Freight earnings ... 2,543,942 15 |Steame expenses... 2,352,032 37
Misc. e a r n i n g s ........
49,6« 8 66 Ageucy expensrs...
738,942 64
Cent. Am. subsidies.
65,000 00 |Geueral expenses__
6 ,45 -*29
M exicau sunsidy----15,000 < 0 I[u t„ oisc. and oo n ..
25,425 74
Mise. receipts..........
12o,300 30 |' harter of steamers
11,215 00
Exchange
.........
167,108 85 Gen. at er. and olher
Charter of steamers
28,763 18 (, exp. of steamers...
30,170 87
E A R N IN G S A N D E X P E N S E S F O R THIS T E A R E N D IN G A P R IL
139,714
.....
Net Earnings Monthly to Latest Gates.—The table fc l.
Lowing shows the net earnings reported this week, A ful 1
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in the* e
columns, and the latest statement of this kind will be fou ro
in the C h r o n ic l e of May 25, 1895. The next will appear in
the issue of June 22, 1895.
-Gross Earnings.Net Earnings.-—
1895.
1894.
1895.
1894.
Roads.
$
$
$
$
Br’klyn Elevated.a.. Apr.
171,697
159,582
76,220
68,123'
Jan. 1 to Apr. 30 ...
768,045
607,018
355.901
225,001
July 1 to Apr. 3 0 .... 1,581,295 1.450,600
669,707
533,103
Burl. Ced.R. A N o.a. .Apr. 274,722
272,827
72,898
71,829»
Jan. 1 to Apr. 3 0 ..¿. 1, .49.419 1,201.969
348,916
338,046
Canadian Pacific.a..Apr. 1,245,621 1.301,471
451.646
364,806Jan. 1 to Apr. 3 0 .... 4,601,948 5,218,597 1,397,2 74 1,335,736Cent.of N. Jersey.a. Apr. 1,019,401
912,382
401,941
2 6 ',8 9 4
Jan. 1 to Apr. 30___ 3,705,417 3,466,414 1,276,*84
944,6*3
Ohesap. A O hio..a...Apr. 744,329
692,203
200,935
201,047
Jan. 1 to Apr. 30___ 2,981,534 2.*5“>,368
_
I |
886.218
917,310
July 1 to Apr. 3 0 .... 7,983,709 7,773,988 ¡2,587,221 2,622,409
Chic.Bur.& North.b.Apr.
139,364
128,932
13 384
27,606528.077
526,587
Jan. 1 to Apr. 30___
80j378
114,733
Chic.Burl.& Quin.b.. Apr. 2,338.145 2,495,647
795,293
840,323
Jan. 1 to Apr. 30___ 9,032,107 10,280,374 2,979,72 7 3,724,7o2Chic. M. & St. P .a ..Apr. 2,054.183 2,257,234
73 s,788
709,420Jan. 1 to Apr. 30___ 8.132,321 9,034,640 3,006, <78 2.955, 26
July 1 to Apr. 30....22,927,411 26,684,295 8,340.440 9,5.7,681
Oin. Jack. & Mack. b.. Apr.
45,304
57,475
4,323
13,305
Jan. 1 to Apr. 3o . . .
188,866
205,725
18,779
34,717
July 1 to Apr. 3 0 ....
534,082
532,054
86,351
78,863Cleve. Canton A So.. Apr.
53,261
40,556
12.679
1.013
Jan. 1 to Apr. 3o___
197,478
158,243
3-.,988
2,953
July 1 to Apr. 30___
573,440
577,454
104,276
62,400
Eureka Springs......M ar,
5,461
4,617
3.014
654
Jan. 1 to Mar. 3 1 ....
14,108
15,654
7,262
7,568
Iowa Central........ b. Apr.
115,655
128,265
37.697
35,950
Jan. 1 to Apr. 3 0 ....
481,608
585,397
156,7*7
198.465
July 1 to Apr. 30___ 1,339,313 1,593,009
453,887
590.527
Kan. C. Ft. S. A M.a. Apr.
358,442
382,731
103,068
111,926
Jan. 1 to Apr. 3 0 .... 1,442^795 1,587,920
436,173
469,289
July 1 to Apr. 30___ 3,856,817 4,123,736 1,200,768 1,220,0 j 8
Kan.C. Mem. & B.a..Apr.
71,767
73,0.39
4,«56
3,898Jan. 1 to Apr. 30___
317,754
353.184
4 2 ,9 .4
50,23 3
July 1 to Apr. 3 0 ....
874.692
931,752
159,784
173,211
Minn. A S t.L ouis.a.. Apr.
143,657
125,141
45,798
33.421
Jau. 1 to Apr. 30___
522,318
516,672
200,625
181,305July 1 to Apr. 30___ 1,516,385 1,442,227
655,325
573,5 1
Phlla. & Reading...... Apr. 1,649,031 1,475,259
745,664
594,821
Jan. 1 to Apr. 30___ 6,348,712 5,684,015 2,651,876 2,216.372
Deo. 1 to Apr. 30___ 7,900,640 7,’436,'527 3.256,737 2.996,599
C o a l* Iron Co...... Apr. 1.673,155 1,428,055 df.17',031 def.50.810Jan. 1 to Apr. 3 0 .... 7,190,130 5.740,016 df 197.920 df. 255,785
Dec. 1 to Apr. 3 0 .... 8,778,385 8,019,327 df:3<35,348 df.138,331
Total both Co’s.....A p r, 3,322,186 2.903,314
574,583
5 4 3 /8 1 .
Jan. 1 to Apr. 30___13.538,842 11,424Ì031 2.4 53,9 S6 1.960,587
Deo. 1 to Apr. 30___16,679,02515,455.854 2,871,389 2,858,268
Pitts. Youngs. & A ... Apr.
108,383
89,400
21,882
37/175Jan. 1 to Apr. 30___
375,237
268,456
110,378
86,306
Bay. Amer. <fe Mont...Apr.
32,971
31,489 def.2.218
898
Jan. 1 to Apr. 30
142,742
142,385
4,813
1,133
404,1*1
July 1 to Apr. 30___
372,450
62,301
28,242
Southern Railw ay.a. Apr. 1,398,410 1,366,320
286,918
216,619Jan. 1 to Apr. 30__ 5.654,283 5,889,240 1.5 »<2,168 1,518,414
July 1 to Apr. 30 ...14,400,422' 14,104,153 4,682,033 4,081,763
Texas Central—
Jan. 1 to Mar. 31___
62,839
44,400
11,435
1,937
960,124
873.431
W abash.b.................. Apr.
213,085
13-6.119
Jan. 1 to Apr. 30___ 3,726, 78 3,648.«63
871,5 l
715,442
J u lv l to Aur. 3 0 .... 10,012,904 10,864,763 2,549,025 2,380,366Whltebr’st Fuel C o...Apr............................... . . . . . . d et 2,378
15,204
Jan. 1 to Apr. 30..........................................
18,470
35,192
July 1 to Apr. 30............................................
50,908 " 117,918a Net earnings here given are after deducting taxeB.
b Net earnings here given are before deduoting taxes.
6,190
633,067
493,353
[ V o l . LX.
Total rects. ’ 14-95.$4.037,372 38
Total exp. 1394-5.$3,375,240 41
Total reots ’93-94.$3,834,093 00 | Total exp. 1893-4.$3,358,«31 00
Receipts over expenses 1894-95...........................................$712,631 97
Receipts oxer expenses 1893-94.................... ......................... $475,463 00
“ As compared with the results of the previous year, there
has been an increase ia the gross earnings of $253,779 and an
increase in the expenses of $16,609, making a net gam of
$237,170 over the business of last year. The sum of $150,000charged to the expenses for general and extraordinary repairs
of steamers is unexpended, and is carried to the credit of the*
fund for this character of repairs, which fund on April 80,
1895, amounted to $345,088. Loans and bills payable, which
on April 30, 1894, amounted to $504,399 06, have been entirely
liquidated, thus leaving the company free from all indebted
ness. In addition the company has purchased and paid for a
steamship of 5.500 tons carrying capacity, cosiiag, delivered
at Panama, $171,28928; alsoacoalstoreshipforuse in Panama
Bay, at a cost of $21,488 75.”—V . 60, p. 837.
Central Pacific Railroad.
(R eport fo r the year ending Dec. SI, 1894»)
Abstracts of the annual report and the President’s remarks
together with the balance sheet will be found on subsequent
pages.
„
,
.
,
From the Southern Pacific Company s report we nave the
Central Pacific earnings and income account for 1894, which
are compiled for the C h r o n ic l e as follows, in comparison
with previous years.
EARNINGS AND EXPENSES.
1894.
Miles of road (average) .................
1,360
Earnings—
®
Passengers.......... ............................ 4,845,735
Freight............................... ............ ,7,,710.4G1
Miscellaneous..................................
466,774
1893.
1,360
$
5,545,750
8,226,998
488,477
1892.
1,360
«
5,671,753
8.701,478
239,759
Total.............................................13,022,971 14,261,225 14,612,930
Expanses —
1,926,678
1,630,165
Maintenance of way,&c................ 1,672,956
1,316, "24
Maintenance of equipment............. 1,220,321 1,244,750
4,662,«29
4,699,204
......... - 4,370,113
Tran sports tion
999,180
General........................................
905,465947,772
Total.......................................... 8,168,858
Net earnings.................................... 4,854,113
Per ot. operating exp. to earnings
62-72
8,521,890
5,•’ 39,335
59-76
8,905,411
5,707,579
60-94
1893.
$_nA
144,594
1,360,000
11,470
54,069
547,154
647,452
584,775
599,700
1894.
Receipts—
Income from operations..................
Rental under lease..........................
Other receip ts................................
Sinking fund and iut. on investm'ts
"United States requirements.. . . . . .
Interest on C. P. notes and bonds
held by trustees of land grant SI.
Land sales.........................................
81,909
51,423
1892.
1,360.000
22,872
546,076
577,041
80,167
60,000
121.148
76,550
__________________
Total.................................. . . . . 1,589,147
Payments—
Sinking fund receipts, U. S. re
quirements and land sales as
above, apt lioable when used for
the pavmeut of deht and not
available for dividends............. 1,380,484
Dividends, 2 per cent .................
--Miscellaneous..............
105,901
2,639,949
2,707,311
1,268,479
1,345,510
458
1,321,439
1,345,510
825
Total.. . . . . . . . __. . . . . . . . . . . . . . . . 1,486,385
Balance, surplus.........................
102,762
Other items............. ....................... dr.*916,085
Surplus Jan. 1................................. 3,385,«68
2,614.447
25,502
dr 26,751
3,3b 7,108
2,670,774
36,537
dr.57,287
3,407,860
Balance Dec. 31......................... 2,572,536
3,385,858
3,387,110
* This item is “ less settlements on account of former years and read
justment of values of investments.”
The operations under the lease and the resultsto the S >uth
ern Pacific Company, lessee, for the years ending December
SI, 1882, lfc93 and 1894 were as follows :
1893.
1892.
$
$
14,261,225
14,612,990
Burnings—HRs., steamers, e tc -----13,022,971
53,683
133,662
Other ittm s.........
95,274
Total ...........................................13,118,245 14,319,908 14,746,652
9,526,696
9,204,557
Operating expenses, eto*............... 8,723,233
3,316,365
3,293,678
Interest on funded debt................. 3,353,926
185,000
185,000
Sinking fund rcquiiem ents.............................. 185,oi>0
577,048
584,775
TJnited 8t»ies requirements.............................. 599,701
279,669
267,181
Betterments and additions............................... U .l,7e7
1894.
13,834,778
Total................................................................... 12,973,85213,535,191
861,874
Net profit for year............................
144,593
784,717
496,126
575,283
Balance to make up rental................................
1,360,000 1,360,000
Rental payable by 8o. Pac. Co.......
* Includes also taxes and rentals.
Evansville & Richmond—Evansville & Terre Haute.—
H. C. Barlow, President of the Evansville & Terre Haute, was
this week appointed receiver of the Evansville & Richmond.
This appointment is in pursuance of the plan by which the
bonds of the Richmond Company are to be exchanged for
preferred stock of the Terre Haute company.—V . 60, p. 835.
Fitchburg.—In the I n v e s to r s ’ S u p p l e m e n t of April 27 we
published an article giving the terms of the principal deben
tures bonds issued by railroad companies. W e did not then
have the facts relating to the debentures of the Fitchburg
Railroad Company, but through the courtesy of Mr. D. A.
Gleason, the company’s Treasurer, we have since been fur
nished with them. The company has never issued any mort
gage bonds and its outstanding debentures, excluding the five
millions due the State of Massachusetts, aggregate something
over fifteen million dollars. None of its issues of debentures
is convertible into stock, none is subject to call before matu
rity, and none has a sinking fund. The following shows the
form in which they are issued, the date of" the issue and the
date of maturity of course differing with different loans :
STATE OF MASSACHUSETTS.
^ '
_
$ 1,000 .
F itchburg R ailroad Company .
B oston , Feb. 1, 1887.
No........
_
No........
T he F itchburg R ailroad c-ompany
will pay t o .......... - .......................or order, on the first day of February,
one thousand nine hundred and thirty-seven, the sum of omc thousand
dollars, at the office of the Fitohourg Railroad Company, Boston, and
will pay the coupons hereto attached as the same become due. .Prin
cipal and interest payable in lawful money of the United States. This
bond can be registered, the registration to be certified hereon by the
Treasurer, and is subject to successive registrations or transfers to
bearer ................ . .................. , at the option of the holder.
........ »Treasurer.
"
............... . ............ , President.
$ 1,000.
[L. 8.]
U nited States o p A m e r ic a .
—V. 60, p. 794.
INCOME ACCOUNT.
-V. «0, p. 928.
GENERAL INVESTMENT NEWS.
Atchison Topeka & Santa Fe.—There have been deposited
$67,000,000 Atchison general mortgage 4 per cent bonds
with the joint reorganization committee, or $2,000,000 more
than a majority. A meeting of the joint executive commit
tee was held Friday at which, it is understood, only routine
business wa* don©. Within a f&w days it is thought the plan
will be declared effective.—'V. 60, p. 927.
Angus’ a & K n ox v ille—Central R ailroad o f G eorgia.—
Messrs. Paul Lang don, Jr., of Augusta, Ga.; Joseph D. Weed,
of Savannah, and J. M. Edwards, of R. T. Wilson & Co., of
New York, are acting as a committee to unite the holders of
the first mortgage bonds of the Augusta & Knoxville (Cen
tral of Georgia system) for mutual protection at the fore
closure sale.—V. 60, p. 838.
City Electric (Little ftosk, A rk,)—Judge Williams, in the
Federal Court in Little Rock, Ark., has confirmed the sale of
the Capitol A City Electric Street Railway Companies in
that city to Henry O. Hiarstick, trustee, of 8". Louis, for
$630,000. The road w«s sold April 18, and will now be reor
ganized.—Vol. 60, p. 718.
967
THE CHRONICLE
J unk 1, 1895.]
Georgia Southern & Florida.—The purchasers of this prop
erty at the recent foreclosure sale have selected Wm. Checkley
Shaw, of Baltimore, as President; W B. Sparks, who has
been receiver of the road since 1891, General Manager, and
H. M. Powers, of Macon, Treasurer.—V. 60, p. 928.
G ulf & Inter-State.—A press despatch from Topeka, Kan.,
May 25, says that Judge Hazen, of the District Court, has ap
pointed Horace M. Dake, of Brookfield, Mo., receiver of this
railway, better known as the North & South Road.
The Kansas Company has never done any work beyond se
curing subscription to its stock. The work being done in
Texas is by a distinct corporation, though the work was begun
as the Texas division of the line.—V. 60, p. 835.
Holmesbnrg Tacony « Frankford E lectric.—This street
railway company of Pniladelphia has issued $850,000 first
mortgage 5 per cent coupon 30-year gold boods, free of all tax.
The trustee Is the West Philadelphia Title & Trust Co. The
bonds are secured by a first mortgage upon the entire prop
erty of the company now owned or hereafter acquired.
Little Roek & Memphis.—The sale of this railroad, under
decree of the Federal Court, has been postponed for the third
time to Oct. 17.—V. 60, p. 711.
Louisville Evansville & St. Louis.—Notice is given to the
holders of bonds of the Illinois'& St. Louis Railroad & Goal
Co. (merged in Louisville Evansville & St. Louis), the princi
pal and interest of which fall due on June 1, 1895, that no
provision has been made for the payment of either principal
or interest by the company but that any or all of such bonds
will be purchased by the New York Security & Trust Co. at
their par value, with interest to June 1, 1895, upon presenta
tion at its office, No. 44 W all Street, New York City.—Vol.
60, p. 873.
Manhattan Elevated.—The Central Trust Company gives
notice that it is prepared to redeem at once the first mortgage
bonds of the New York Elevated Railroad Company (which
have been called for payment on Jan. 1 next) at the rate of
$1 120 for each bond, less interest at the rate of 3 per cent per
annum on that amount from the date of presentation to Jan.
1. The Trust Company reserves the right to withdraw this
offer or to increase the rate of discount at any time.— V . bU,
p. S73.
/
Metropolitan Traction Company.—Regarding the invest
ments of this company the C h r o n ic l e was recently informed
by parties believed to know the facts that they include the
entire capital stock of the Metropolitan Street Railway and
the Columbus & Ninth Avenue Road, a majority of the capi
tal stock of the Belt Line and the Broadway & Seventh
Avenue companies, a part of the capital stock of the Fortysecond Street & Grand Street Ferry Company and 30 shares
of the Twenty-third Street Company. The controlling inter
est in the stock of the latter company, formerly owned, is un
derstood to have been sold some time ago. The statement
that the company owns a majority of the stock of the Qixtn
Avenue Company is erroneous, nor, it is understood, does it
hold a controlling interest in the Ninth Avenue Company.
, V. 60, p. 795.
I Mobile A O h io .-T o discharge floating debt incurred for
I additions and improvements, this company
s to 1 stccfc[holders $1,250,000 general mortgage 4 per cent gold bands at
»65 and interest, at which price the issue has b®en .^ u^ ‘
written by a syndicate. These bonds are secured by the genI eral mortgage of 1888 for $10,500,000 of
|been canceled for the sinking fund and $601,500 will remain
l in the treasurv. By a recent vote of the board of directors
I the entire issue is “ payable in United States gold coin of the
968
THE CHRONICLE
[V ol . LX.
present standard of weight and fineness.” An agreement to
that effect has been filed with the trustee of the mortgage. As
a result of the improvements and additions that have been
made the company’s figures show an increase in seven years
of 115 per cent in the total number of tons carried one mile,
and an increase in train mileage of 49 per cent. This fund
ing operation will place the company in the matter of current obligation s upon a cash basis and enable it to handle with
greater economy its growing traffic. Full particulars regard
ing the offering and the growth of the company’s business
are given in our advertising columns.—V. 60, p. 177.
Montgomery Tuscaloosa & Memphis.—The prospects for
the completion of the Montgomery Tuscaloosa & St. Louis
Railroad from Montgomery to Tuscaloosa, a distance of 105
miles, are said by the Montgomery A dvertiser to be
brighter than ever. For several years the road has lain in an
unfinished state, burdened with debt. A foreclosure suit has
been begun and the road is expected soon to be sold. The
bondholders expect to buy it free of all incumbrances and
to sell! it to capitalists who will oomplete the line at once.—
New York News Bureau.—V. 60, p. 562.
New Orleans Traction.—An official statement shows gross
earnings as follows:
Oregon Short Line & Utah Northern—Union Pacific.__
A t St. Paul, on Tuesday, Judge Sanborn handed down his
order appointing J. M. Egan as Receiver of the Oregon Short
Line & Utah Northern Railroad in place of the Union Pacific
receivers. The Court orders the transfer o f such property as
within the jurisdiction of the Eighth Circuit of the United
j lies
States Court to Mr. Egan, who was appointed Receiver by J udge
Gilbert of the Ninth Circuit. The conditions imposed are
that the American Loan & Trust Company shall pay $447,000
the amount of interest due Feb. 1, 1895, on the first 6s of
1882, and interest on that sum, and that the new receiver
shall pay all subsequent interest maturing on the first m ortgage bonds as they shall become due. If any subsequent
coupon on the first mortgage bonds is not paid within thirty
days o f its maturity the trustees shall then file a supplemen
tary bill and the old receivers may then be reinstated after
a hearing. Similar applications will be made at Portland and
San Francisco for the parts o f the road in other circuits.
The committee representing the consolidated mortgage
bonds state that they are prepared to meet the overdue first
mortgage interest, as required by the Court, and that the
separate receivership is therefore assured.
Regarding the receivership the following telegram, signed
by the Union Pacific receivers, has been received bv Judge
NOVEMBER 1, 1894, TO APRIL 30, 1895—SIX MONTHS.
6
^-Orescent City RR.—. ^-N. O. Oily <&Lake.-. Total N.O. Dillon from St. Paul:
6 months— Old power.
Electric.
1894-5........ $56,595
$106,604
1893-4.........115,868
................
Old power. Electric.
$98,079
$333,878
326,726
................
Traction.
$589,156
442,594
The New Orleans Traction is now operating about 115 miles
o f track, of which 100 miles is electric.—V. 59, p. 1007.
New York & New England.—The Senate Committee on
Railroads of the Massachusetts Legislature reported a bill as
asked for to incorporate the purchasers of the property and
franchises of the New England Railroad with not over $5,000,000 preferred and $20,000,000 common stock, the preferred
to receive 5 per cent; the name of the company yet to be de
cided upon.—V. 60, p. 836.
New York Lake Erie & Western.—It is learned from a
trustworthy source that foreclosure proceedings are soon to
be instituted and that default will be made on June 1 on the
funded 5 per cent bonds of 1885. It is believed that there
will have to be a considerable assessment on the stock. The
new plan will be announced shortly.—V. 60, p. 874.
New York New Haven & H artford.—The Connecticut
Senate has passed the resolution regarding debenture cer
tificates of the New York New Haven & Hartford Railroad
with the House amendments. It provides that in case of
increase of stock, holders of debenture certificates may sub
scribe for additional debentures in the same proportion as
stockholders take the new stock, subject to prior approval of
two-thirds of the Board of Directors. Ten days’ notice is to
be given by mail to resident stockholders and by advertise
ment to non-resident stockholders—Y. 60, p. 930.
New York Pennsylvania & Ohio.—This road is leased to
the New York Lake Erie & Western for 32 per cent of the
gross earnings. The fiscal year ends Sept. 30 and the results
to the N. Y. P. & O. for the quarter and the six months end
ing March 31 were as follows:
3 months
end.Mar.31—
1895.........................
1894..........................
6 months—
1894-5......................
1893-4.......................
—V. 60, p. 562.
Rental.
Other
income.
$11,746
11,746
Charges.
$343,121
356,027
Balance,
surplus.
$135,387
60,627
$17,322
17,322
$695,468
710,240
$313,789
286,505
Northern Adirondack—Northern New York.—This rail
road was sold in foreclosure at Malone, N. Y ., on Saturday,
the 25th inst., and bid in for the bondholders for $450,000,
subject to the first mortgage of $77,000 and interest. On
Monday a new company, the Northern New York RR., was in
corporated at Albany to take over the property.—V.58, p. 178.
Ogdensburg & Lake Champlain (Including Saratoga &
St. Lawrence.)—Earnings for the quarter and the nine months
ending March 81 have been reported as follows :
3 months
Gross
Net
end. Mar. 31. Earnings. Earnings.
1895...............$172»1§?
$89,628
1894............... 147,863
69,693
9 months.
1894-5.............$589,074 $199,108
1893-4............. 609,696 187,287
Other
Ihcome,
$1,006
1,684
$2,557
3,282
Fixed
Charges.
$67,983
65,896
$202,551
199,461
Balance.
sur. 22,651
sur. 5,481
def. $886
def. 8,892
Loans and bills payable March 31, 1895,
5,000, against
$60,000 on December 31, 1894.—V. 60, p. 392.
Old Colony.—This company’s four per cent registered deb
entures to a total of $500,000 are offered for sale by Messrs. R.
L. Day & Co. of Boston. The proceeds will be used to retire
a like amount of 6 per cent bonds due June 1.—V. 60, p. 874.
Oregon Railway & Navigation.—This company having
made default in the payment of the interest upon its collateral
trust bonds dated Sept. 2, 1889, and secured by deposit of
Washington & Idaho and Oregon Railway Extension Com
pany first mortgage bonds, notice is given that the American
Loan & Trust Company, as trustee under the said mortgage,
will sell at public auction, to the highest bidder or bidders, on
Thursday, the 27th day of June, 1895, at 12 o’clock noon, at
the New York Real Estate Salesroom, No. I l l Broadway, New
York, the said securities held by it under the mortgage. A
plan of reorganization which, it is said, meets the approval
of the several committees representing the various interests
in the property has been prepared; No facts regarding it
however are obtainable.—V . 60, p. 930.
Judge Sanborn decides that receivers are to retain all funds up to June
i . No moneys in tlieir hands are to be applied toward payment of
interest; American Loan & Trust Company must pay over to present
receivers first mortgage Short Line interest due February last, with
interest on coupons to date of payment, and new receiver to take
property subject to obligation to pay first mortgage interest as i t
accrues.
*
*
*
Judge Sanborn refuses to authorize issuance of receivers’ certificates
as advertised by consolidated mortgage committee bearing 6 per cent
Interest, to be sold for ninety five (95), but feels bound to follow the
order made by Judge Giibert authorizing 5 per cent cer,ideates to be
surjeot to hen of Dil.on mortgage on both property and revenues
Judge Sanborn requires Storey to stipulate that hearing prematurely
b£i bilI1.M r to-day before Judge Gilbert at Portland be con
tinued until next Monday so that all parties could appear and obieot
to receivers’ certificates, to the selection of Mr. Egan, aud for full
hearing on all questions.
The committee representing the collateral trust mortqaqe
bonds, of which Mr. S. Eudicott Peabody is chairman, an
nounces that a plan has been prepared for the reorganization
of the Oregon Railway & Navigation Company which meets
with the approval of the several committees representing the
various interests in that property. The holders of the bonds
represented by the committee to the amount required by the
mortgage have requested the American Loan & Trust Com
pany of Boston, as trustee, to offer for sale the shares of the
Oregon Railway & Navigation Company held as collateral
for the bonds. The sale will take place in this city June 25
and it is important that the bondholders act together for the
protection of their security at this sale. Holders of the bonds
who have not yet deposited them with the committee are no
tified that the committee will continue to receive deposits at
the American Loan & Trust Company, of Boston, and the
New York Guaranty & Indemnity Company, of this city up
to June 10, after which date bonds not deposited will be’ ex
cluded from participation in any action taken by this com
mittee. The committee, in association with one representing
foreign bondholders, now represents all but a small portion of
the issue.—V. 60. p. 930.
Orange Mountain Cable.—This road will be sold on June 4
in pursuance of an order of the Court of Chancery, subject to
all mortgages and taxes thereon.
Parallel Roads In New York State.—The State Railroad
Commissioners say the decision handed down by the General
Term on Friday the 24th inst, sustaining their ruling in refus
ing to grant permission for the building o f the proposed
Amsterdam Johnstown & Gloversville Railroad, is important
it being the fiist time such a matter has been brought before
the courts for decision.' The law requires new roads to get
certificates authorizing them to build their lines from the
State Commissioners and permits them to appeal from the de
cision of the Commissioners to the General Term of the Su
preme Court. In this case the Board for the first time refused
to grant such authority on the ground that the proposed
road would parallel thp Fonda Johnstown & Gloversville
line, and that neither public necessity nor convenience re
quired the building of another road. It is pointed out that
this decision is doubly important, owing to the fact that Sec
tion 59 was amended by the last Legislature so as to include
street surface railroads in its provisions. Consequently here
after no railroad or street railway can be built without com
pliance with Section 59.—V. 60, p. 901.
Philadelphia & Reading—Regarding the contract with the
Finance Company of Pennsylvania and also concerning the
Delaware River Terminal bonds, matters briefly mentioned in
the Chronicle last week, the Philadelphia Ledger on Monday
said:
J
The receivers of the Reading Railroad, in carrying out their plans to
permanently reduce the fixed charges of the Reading Companies, are
reported to have effected a re-arrangement of the Coal & Iron Company s contract with the Finance Company of Pennsylvania, which, it
is stated, will materially reduce the annual rate of compensation heretofore paid the finance Company by the Reading Companies, but
extends the life of the contracts. The old contract, under which the
finance Company was to receive for five years, which has yet upwards
of two years to run, an annual payment o f $150,Out), and which was
extended for about one year additional with a payment of $75,000 per
annum, are to be canceled, and a new contract has been made bv the
receivers which will extend for a period of 10 years from April 1st.
1894, under which the finance Company will receive an annual com
pensation of $50,000 for acting as fiscal agent for the Reading Coal &
Iron Company.
THE CHRONICLE.
J une 1, 1895.]
The receivers have also induced the Pennsylvania Warehousing &
Safe Deposit Company to provide a sinking fund for the Beading Dela
ware Bi *er Terminal bonds, which is to equal $ 100,000 in 2 »years. A
trustee to he appointed for this sinking fuod is to hold the bonds paid
to them each year until the maturity of the period named, when, if
there has been no default in payment of full interest on the bonds
during that time, the $100,000 bonds in the sinking fund are to be
canceled.
We understand that these two new arrangements just about con
cluded by the receivers will result in permanently reducing the fixed
charges of the Beading Railroad and Coal & Iron Companies $120,000
per annum, and that the charges on the Delaware Biver Terminal
bonds are thus brought down to about the average net earnings from
the wharf properties for t ‘>e past year or two, while the compensation
to be paid to the Finance Company is considered to be a fair and satis
factory valuation for the service to be rendered. The two new con
tracts have been approved by both the Beading Bailroad and Coal &
Iron Company boards of managers, the Olcott-Earle Reorganization
Committee and the boards of directors of the Finance and Warehouse
companies, and now awaits the approval of the United States Courts.
969
R e p o r ts <iwd jEjacwnijewts.
C E N T R A L PACIFIC RAILROAD COMPANY.
ABSTRACT OF THE ANNUAL REPORT FOR THE YEAR
ENDING DECEMBER 31, 1894.
OPERATIONS UNDER LEASE.
The income from operations for the year under the lease is
shown in detail by the Southern Pacific Company’s table No.
16 [in pamphlet report]. A comparative summary of the
results for the past two years is furnished by the statement
following :
;
.-------Tears ending Dee. 31.-------,
1894.
1893.
Inc. or Dec.
—The results of operations for April and the five months of
Gross earnings, rail
the fiscal year—Dec. 1 to April 30—have been as follows :
road and steamers.$13,022,970 58 $14,261,224 95 Dec.$l,238,254 37
R a il r o a d Co m pany —
,----------April.--------- > /— Dec. 1 to April 30.— .
1895.
1894.
1891-95.
1893-94.
$
$
$
$
Gross receipts............... 1,649,030 1,475,259
880.438
Operating expenses.... 903,367
7,900,640
4,643,903
7,436,527
4,439,928
Operating profit... .
Net from other sources
745,663
41,748
594,821
34,664
3,256,737
254,280
2,996,599
210,948
Total.........................
Deduct—
Equipment payments..
Terminal trackage........
Improvements, etc.......
Proport’n year’s oh’ges.
787.411
629,485
3,511,017
3,207.547
69,274
50,000
6,569
705,000
.........
47,281
50,000
704,470
405,670
250,000
72,550
3,525,000
495,237
250,000
111,345
3,522,350
Total.........................
Balance, deficit.............
830,843
43,432
801,751
172,266
4,253,220
742,203
4,378,932
1,171,385
Gross receipts............... 1,673,155 1,428,055
Operating expenses.... 1,804,862 1,440,518
Colliery improvements.
37,156
35,439
Perman’t improvem’ts.
2,218
2,938
8,778,385
8,950,454
194,456
18,822
8,019,327
7,974,219
173,514
9,925
Gross expenses........... 1,844,236 1,478,895
Loss from mining........
171,081
50,840
122,209
Proport’n year’s oh’rges 106,000
9,163,732
385,347
530,000
8,157,658
138,331
569,380
173,049
915,347
707,711
172,266
173,049
742,203
915,347
1*171,385
707,711
345,315
1,657*550
1,879,096
Co a l & I ron Co .—
Balance, deficit............. 277,081
P. & B. AND C. & I. CO.—
Defioit of Bailroad Co..
43,432
Deficit of C. & I. C o .... 277,081
Def. both oomDanies..
—V. 60, p. 930.
320,513
Beorganlzation Plans, ete.—The following is an index to
all defaults, reorganization plans, the names of all reorganiza
tion committees andall statements respecting the payment
of overdue coupons that have been published in the Chron
iciiE since the April edition of the Investors’ S upple
ment was issued, all earlier facts of this nature being set forth
in that publication. It does not, however, include matter in
to-day’s Chronicle .
The following abbreviations are used: Plan for reorganization
or readjustment plan ; coup, for coupon payments ; def. for
default; Com. for committee.
i Volume 60.
Page.
Atchison System—
Colorado Midland.......coup. 747
do
do
.........Com. 872
Chicago & West M ich ...coup. 748
Georgia South. & Fla__ plan. 928
Kan. Citv Water Works.coup. 929
Louisv. Evansv. & St. L..Com. 873
Volume 60.
Page.
Milwaukee St. B y........ ...d ef. 929
Norfolk & Western..........Com. 874
Northern Pacific........... plan. 930
Ohio Southern................. Com. 874
Peoria Deo. & Evansv.. Com. 930
Sav. Americus & Mont., pi an. 874
Rental steamers and
track .......................
Interest receiv ed....
31,585 84
63,688 50
16,019 50
42,663 54
Total receipts... .$13,118,244 92 $14,319,907 99 Dec.$l,201,663 07
Operating expenses,
railroad &steamers
Taxes and rentals...
Int. on bonded debt.
Sinking funds of the
company................
U. S. Thurman A ct
requirement..........
Betterments and ad
ditions....................
$8,168,857 93 $8,521,889 78
554,380 03
682,667 67
3,353,925 55 3,293,677 50
185,000 00
185,000 00
599,700 90
584,77518
111,786 71
267,180 64
Tot.expenditures$12,973,65112 $13,535,190 77
Net income from op
erations for the y’r $144,593 80
Deficit to make guar
anteed rental paid
by Southern Pacific
Company...........................................
Dec.$353,03l 85
Deo.128,287 64
Inc.$60,248 05
..
Inc.14,925 72
Dee.155,393 93
Deo.$561,539 65
$784,717 22
Deo.$640,123 42
575,282 78
. ; ................ ......
Rental guaranteed
under lease 10^93 ......................... $1,360,000 00
.........................
To show in this table a comparison of the corresponding
items for the two years there is included charges to income
from operations made by this company, and which do not ap
pear in charges made by the lessee, they being for obligations
accruing in 1894 but payable in 1895, namely: for taxes in
California, assessed and accrued in current year but due and
payable in April. 1895, $124,053 87; for accrued interest to
December 31, 1894, on coupons which become due chiefly on
April 1, 1895, amounting to $304,702 50. There are also items
entered in current earnings which were at the close of the
year uncollected from shippers, other individuals or compa
nies. These items of expenses and income will be settled in
accounts between the lessor and lessee companies as payments
or collections are made therefor.
The income from operations shows a net decrease for 1894
compared with 1893 of $640,123 42. This is due to a falling off
in gross earnings of $1,238,254 37, attributable for the greater
part to the general depression of business throughout the
country and to increased competition for the traffic of the ter
ritory served by this company’s lines As a partial offset to
this decrease in earnings there was a net reduction of $561,539 65 in the charges to operating expenses, rentals and bet
terments.
EARNINGS.
Rochester (Street) Railway.—Earnings for the quarter
,------- Tears ending Dec. 31
—,
1894.
1893.
and the nine months ending March 31 have been reported as
Passenger...................
$3,828,043
27
$4,590,102
54
follows:
Mail...............
583,044 35
556,816 50
3 months
Gross
Net
Other Interest,
end.Mar.31— earnings, earnings, income, taxes, ete.
Balance.
1895.....................$187,100
$59,086 $7,081
$73,210 def.$7,043
1894..................... 174,375
66,939
1,439
57,250 sur.11,128
9 months—
1894-5.......... ,...$601,558 $236,718 $17,409 $219,852 sur.$34,275
1893-4,................ 568,123
252,804
4,368
175,500 sur.81,672
Ino.$15,566 34
Ino.21,024 96
Express........................
Excess b a g g a g e ......
Sleeping car...............
Freight.........................
Car mileage........ .
Locomotive mileage.
Telegraph..................
Rental of b’ldings, etc.
Sundry.....................
218,932 71
53,076 43
162,638 32
7,710,461 29
250,604 84
51,757 71
44,897 00
64,196 58
55,318 08
173,393 01
60,528 38
164,910 02
8,226,998 47
267,519 78
53,11612
44,958 00
65,600 00
57,282 13
Inc. or DeeS
in 1894.
D.$762,059 27
1.26,227 85
I. 45,539 70
D. 7,45195
D. 2,271 70
D. 516,537 18
D. 16,914 94
D. 1,358 41
D. 6 1 0 0
D. 1,403 42
D. 1,964 05
Loans and bills payable March 31, 1895, $121,609, against
$278,193 on Deo. 31, 1894; funded debt, $4,407,000, against
Total...................... $13,022,970 58 $14,261,224 95 D. $1,238,254 37
$4,121,600.—V. 60, p. 850.
Passenger earnings show a decrease o f $769,059 37, of which
Troy City (Street) Railway.—Earnings for the quarter and
the nine months ending Mar. 31 have been reported as follows: $492,901 09 was in through and $269,158 18 in local business.
3 months
Gross
Net
Other Interest, Balance. The decrease in through earnings is due to the low trans-Conend.Mar.31—
earnings, earnings, income, taxes, ete. surplus, tinental rates made to the W orld’s Fair in Chicago iu 1893
1895................................ $98,063 $41,208
$781 $29,050 $12,939 having been continued to the Sau Francisco Midwinter Fair
1894................................ 86,381
37,214
2,359 28,313 11,260 of 1894. The decrease in local earnings was caused by both
9 months—
1894-5............................. $329,312 $158,101 $1,867 $89,437 $70,531 lower rates and the general depression of business along the
1893-4............................. 310,997 153,415
4,757 86,821 71,351 company’s lines.
Of the decrease in freight earnings, $441,655 43 was in local
Loans and bills payable March 31, 1895, $118,301, against
freight, $13,936 46 in through and $60,945 29 in company
$66,650 on Dec. 31, 1894.— V. 60, p. 303.
Toledo Ann Arbor & North Michigan.—The new sale of freight.
OPERATING EXPENSES.
this road is to take place at Toledo, July 2, the assets o f the
The following furnishes, in a condensed form, a statement
company to be divided into four parts, consisting of two
transports, Ann Arbor Nos. 1 and 2, the bridges and rolling of the operating expenses, comparatively, for 1894 and 1893:
,------- Tears ending Dec. 31------- .
Inc. or Dee•
stock, and the real estate and right of way. The court directs
1894.
1893.
in 1894.
that not less than $50,000 shall be accepted for each of the G ross e a r n in g s ........ $13,022,970
58 $14,261,224 95 D. $1,238,254 37
transports, that the right of way and real estate must bring
at least $2,500,000, and the rolling stock $5,000.—V. 60, p. 838, O p e r a tin g E xp en ses :
Maintenance of way
Union Pacific.—It appears that the Chronicle failed to
I. $42,790 96
and structures....... $1,672,955 52 $1,630,164 56
1,244,750 15
D. 24,425 78
report the payment in February last o f the January, 1895,
Mainten’ee of equip’t. 1,220,324 37
4,699,203
52
D.
329,090 52
Cond’tingtransport’n.
4,370,113
00
coupon on the collateral trust 6 per cent bonds. As pre
D. 42,306 51
947,771 55
General expenses___
905,465 04
viously reported the July, 1894, coupon on Utah & Northern
first mortgage 7s was also paid in Feb., 1895.—V . 60, p. 925.
Total......................... $8,168,857 93 $8,521,889 78 D. $353,031 85
Union Street Railroad (Dover, N. H.)—This road will be E arnings over Oper
sold in foreclosure July 6.
ating E xpenses ____$4,854,112 65 $5,739,335 17 D. $885,222 52
970
THE CHRONICLE.
The reduction in the total charge of $353,031 85 amounted to
4*11 per cent, which is about the same rate as the reduction
of 4'54 per cent in the total miles run by revenue trains.
In maintenance of way and structures there was a net in
crease of $42,790 96. The principal items of increase were
for snow service, $29,770 46 ; for renewal of rails, $131,482 93.
There was a decrease in repairs of roadway, $52,488 13, in ties
and structures, $67,325 54. There were 81 ‘76 miles of track
renewed with new steel rails ; and 392,151 ties were used in
renewal.
Maintenance of equipment shows a net decrease of $24,425 78;
the principal cause for which was an increase in repairs of
locomotives, amounting to $119,593 88, offset by a decrease of
$98,004 40 for car repairs and $41,369 85 in repairs of transfer
and river steamers.
Under the title of Conducting Transportation the net re
duction made was $329,090 52, which amounts to seven per
cent of the charge for 1893.
Under the title of General Expenses there was a decrease in
1894 of $42,306 51. The principal portion of this sum was a
reduction in legal expenses amounting to $33,040 47.
[V ol. LX.
company, that such stock of materials should be owned and
carried by the lessor company. An inventory of the fuel
material and supplies in stock on Central Pacific lines wa s
taken, values were fixed thereon, and the amount was trans
ferred in the accounts between the companies, placing the
ownership in the lessor company. This transfer of materials,
and the sum of $1,536,631 85 represented thereby as of Dec.
31, 1894, has been ordered and directed by resolution of the
stockholders of this company at their annual meeting held on
April 9, 1895, and by subsequent formal action of the Board
of Directors.
Of the decrease in assets for stocks, bonds and property
owned, the amount of $695,472 44 is for loss and depreciation
in values of stocks and bonds which for a number of years
have stood on the books of the company at the rates o f cost.
This amount has now been disposed of by assuming the charge
for the loss, as previously referred to under the subject of Income.
UNITED STATES GOVERNMENT ACCOUNT.
The relations between the company and the Government
arising out of the so-called “ subsidy” bonds have during the
INCOME.
past year been the subject o f some Congressional considera
The following is a comparative statement of general income tion and of much newspaper discussion. It seems unnecesary here to state more than the current operation of the
o f the company for the past two years:
_
.— : Years ending Dec. 31-----, account. The payments which have been made to the United
States by the company under the requirements of the Acts of
R eceipts :
1894.
1893.
Income from operations....................... $144,593 80
.............
C ingress, including the Thurman Act, have been stated by
Rental from Southern Pacific Company
under lease.............................................
10,000 00 $1,360,000 00 the Departments of the Government in two ways.
The credits to the company as reported by the United States
Sinking funds of the company for cash
paid from income by Southern Pacific
Treasury Department in statement of the public debt are as
Company, lessee, and earnings on in
follows :
vestments...............................................
647,451 67
547,154 06
Sinking F und in the U nited States T reasury :
United States Thurman Act require
Deposits by the com pany.................................................
$4,893,252 24
ment, paid by Southern Pacific Com
Interest
and premiums received.............$2,129,689 33
pany, lessee...............................................
599,700 90
584,77518
Land sales, for cash and on time............
51,42134
76 550 00 Less, premiums D a i d . . . . . . ....................... 1,322,933 81
Iuterest on C. P. RR. Co.’s notes held
-------------------806,855 52
by trustee of land grant mortgage,
Total in Sinking Fond.................................................
$5,700,107 76
paid by Southern Pacific Co., lessee..........32,748 89
I nterest R epaid by Company :
Interest on bonds held by trustee of
land grant mortgage as an investment
49,160 97
60,00000 By transportation service...... ...............$7,208,945 63
By cash for 5 per cent of netearnings..
658,283 26
Express Company’s contract, propox-.
, ti°n received during the year.............
32,000 00
-------------------7,867,228 89
Miscellaneous rece ip ts.........................
22,069 90
11,46990
Total to credit of company Deo. 31,1894............... $13,567,336 65
$1,589,147 47 $2,639,949 14
E x p en d itu res :
"" ' ’
Sinking fund receipts, United States
requirements, land sales and interest
as above, applicable when used for
the payment of debt but not availar
dividends.............. : .................. $1,380,4 83 77 $1,268,479 24
Land department expenses..................
62,637 51
Corporation expenses.............................
43,263 83
’ ’ 458 32
Dividends Feb. 1 and Sept. 15,1893, at
2 per cent per annum..........................
...............
1,345,510 00
$1,486,385 11 $2,614,447 56
Balance surplus for year........................ $102,762 36
$25,501 58
Balance of account January 1...............$3,385,858 49 $3,387,108 49
Less settlements on account of former
years and readjustment of values of
investments................................
916 084 73
26,751 58
$2,469,773 76 $3,360,356 91
Balance to cri dit of profit and loss
Decerhber 31st...................................... $2,572,536 12 $3,385,858 49
Details of the amounts in above statement will be found in
the several income accounts of the company furnished by the
tables E to H in the report [pamphlet] of the Secretary and
Auditor. The deduction from the balance account of former
years, amounting to $916,084 73, is comprised of the following
items : certain taxes in California for the years 1880 to 1885,
which were in litigation and subse quently re-assessed and paid
under a special Legislative Act, $220,612 29; losses in values of
stocks and bonds of railroads, coal and other companies, cov
ering the period from 1875 to 1889, now written off to profit
and loss, $695,472 44.
ASSETS AND LIABILITIES.
In addition to the above, the Secretary of the Treasury
transmitted to the Home of Representatives on March 28,
1894 (Ex. Doc., 168), “ schedules o f claims amounting to
“ $3,974,646 14, allowed by the accounting officers of the
“ Treasury in favor of the Southern Pacific Company and the
“ Central Pacific Railroad Company, their branches and leased
“ lines, for transportation services performed for the C-overn“ ment, and remaining unpaid,” as follows :
Amount of claims contained in judgments of the Court of
q a i m s ........ . . . . . . ............................ ................................... $2,614,747 32
Claims allowed, not In ju dgm en ts....................................... 1,359,898 82
Total claims reported for appropriation..................... $3,974 646 14
A.n analysis of the schedule of the Seen taiy ot the Treasury
indicates that the claims therein cover transp >rtatioi services
on the lines owned or leased and operated by the Central
Pacific Railroad Company prior to April 1, 1885, to the
amount of $942,420 07 ; and for transportation on the same
lines operated by the Southern Pacific Company from that
date and terminating, excepting for a f e w items, with June
30, 1892, to the amount of $3,032,226 07. The former amount
is payable to the Central Pacific Railroad Company, the latter
amount to the Southern Pacific Company. The sum of the
above amounts makes a total credit to the companies as re
ported bv the U. S. Treasury Department to December 31.
1894, $17,541,983 79.
The U. S. Commissioner of Railroads, pursuant to the A ct
of Congress providing for his appointment and duties (2d
Stat.,169), has annually examined the accounts of the com
pany and determined the amounts currently due to the United
States under the Pacific Railroad Acts of 1862 and 1864 and
the Thurman Act of 1878. For the amounts so fixed pay
ments have been annually made or provided by the company..
Following is a summary of these accounts to date :
The assets and liabilities of the company are shown in de
tail in table A in the accompanying report [pamphlet] of the
Secretary and Auditor. The following statement gives the
changes made therein during the past year :
Amounts due United States as ascerI ncrease in A ssets :
New construction and equipment..................................
$123,878 22
Sinking funds in United States Treasury being Thur
man Act requirement....................................................
599,700 90
Sinking funds of company, annual in
come of funds per fable C.......... ...........$647,451 67
For redemption of land bonds per table D.
67,649 6 7 715,101 34
Fuel, materials and supplies on hand,
purchased from Southern Pacific Co..........................
1,536,631 85
Current accounts..............................................
80,261 71
D ecrease in L iabilities ;
Current accounts....................................................
153,935 19
Total.......................................... ............. ......................... $3,209,509 21
D ecrease in A ssets :
Stocks, bonds and property ow ned........ $717,454 69
* Land contracts, reduction in amount
held.............................................................
54,163 33
I ncrease in L iabilities :
Funded debt as per table B....................... 1,169,000 00
Sinking funds, uninvested balance........
707,574 65—2,648,192 67
Net increase in balances to credit of income accounts
561,316 54
T o t a l.................................. ............................................ $3,209,509 21
Prior to the present lease the Southern Pacific Company
bad cwred all fuel, materials and supplies required in the
maintenance and operation of the Central Pacific lines. Under
the teims of the lease in effect on January 1, .1894, the propo
sition was made by the lessee, and has been agreed to by this
. tamed by United States Commissioner
of Railroads to Dec 31,1893............. $13,671,558 45
For tbe year 1894............................
599,700 90
v
.
------- ----- *--------$14,271,259 35
Income from investment of sinking
fund in United States Treasury...................................
806,855 52
Due from United States for transporta
tion charges on non-aided. and leased
lines:
To Central Pacific Railroad Co....... $1,068,101 67
To Southern Pacific Company........ 2,295,549 51
---------------------3,363,651 18
Total received or retained by United
States to Dec. 31,1894...................................................
$18,441,766 05
The difference between the total sums in these accounts is
$899,783 26, which represents charges for transportation ser
vices rendered tbe Government on non-aided and leased lines
since July 1, 1892, in excess of payments made on account
thereof. This company has continued to meet all of its cur
rent obligations to the United States arising out of the Acts
of Congress relating to the subsidy bonds. On the other hand,,
the Government has failed to make payments in large amounts
for transportation services on non-aided and leased lines.
The United States subsidy bonds are now maturing. The
first instalment of these, amounting with interest to about
$6,564,000, became due on January 16, 1895, and arrangement
was made for their payment from the sinking fund. Time
THE CHRONICLE.
J u n e 1, 1895.]
971
3klie Commercial 'J'imes.
maust now impress upon the Government the necessity, in its
protection, o f proposing to the company some plan which it
can accept, prescribing a final settlement. No such plan can
foe considered practicable which requires payments beyond
c o m m e r c i a l
e p i t o m e .
the earning power of the aided line.
Respectfully submitted,
F r id a y N ig h t , May 31,1895.
ISAAC L. REQUA.
There has been a lessened movement o f first-hand parcels
of many leading commodities, attributable in pare to a mid
President.
week holiday and the turn of the month. The dis ribution of
supplies from hands of retailers and jobbers is, however, sus
COMPARATIVE GENERAL BALANCE SHEET DECEMBER 31.
taining satisfactory volume and a cheerful tone prevails in
ASSETS.
commercial circles. Speculative dealings in staple products
1894.
1893.
•Construction and E quipment :
have continued upon a liberal scale but with less buoyancy
Amounts standtnK on the books
and excitement than during the preceding week, the recent
o f the company for the construc
noticeable demand from the outside trading public having be
tion of railroad and telegraph
come somewhat curtailed, Reports upon crop conditions from
lines, side-tracks, bridges, build
ings, shops, machinery, tools,
all sections of the country were very conflicting bat in gen
telegraph instruments, furni
eral have served to convey an impression that the growth of
ture, right-of-way, real estate,
cotton and grain has been retarded, but positive injury and
wharves, piers, snowsheds and
galleries, transfer and ferry
loss probably not so serious as previously claimed. Iron and
steamers, river steamers, barges,
locomotives,cars,snowplows,etc.$169,323,125 17 $169,218,574 47 metals and their finished products are securing a steady in
New equipment........... .....................
1,891,847 38
1,872,519 86 crease of attention from consumers.
At the close there was a limited export demand for lard on
$171,214,972 55 $171,091,094 33 the spot and prices advanced a trifle, closing with sales at
S tocks. B onds and P roperty Ow n e d :
6*90c. for prime Western and
for prim i City. Re
16,800 shares stock, Newport News
)
fined for the Continent was quoted at 7’25c. The speculation
& Mississippi Valley Co...............
$168 00
$565,337
92
275 shares stock, Chesapeake &
in lard for future delivery at this market has been at a stand
.................. J
Ohi o Railway <jo........ J.................
still, but prices have made a slight improvement in sympathy
-34,495 shares stock, Coos Bay,
3,449 50
136,871 30 with an advance at the Wes% where “ shorts” have been buy
Oregon, Coal Co............... .
400 acres of land in Coos County,
ing to cover contracts.
Oregon............................................
Fractional United States six per
cent bond.......................................
Stock in river transportation lines
.233 shares stock, Colfax & Forest
Hill Commercial Co ....................
Ogden Union Railway & Depot Co.
bonds and property.....................
Sacramento Levee, bonds and
property.........................................
«Company ’ s Sinking Funds :
,For redemption of first mort. bonds
For redemption of land grant bonds
19,406 72
19,845 82
120 00
80,000 00
120 00
80,000 00
2,330 00
4,000 00
235,905 70
235,769 20
20,000 00
36,890 37
$361,379 92
$1,078,834 61
$9,220,073 88
2,193,729 58-'"
$8,572,622 21
2,126,079 91
$11,413,803 46
•United States G overnment — As
per settlements by U. S. Commis
sioner of Railroads, under Acts of
1862,1864 and 1 8 7 8 Bond and interest accountto credit
BB of company..................... ..............
$9,036,04171
Sinking fund in U. S. Treasury___
5,235,217 64
$10,698,702 12
$14,271,259 35
$13,671,558 45
.F uel , M aterials and Supplies on
H and—
Materials for shops..........................
Oil and waste....................................
Coal....................................................
Wood .................................................
Materials for roadway.....................
Sleeping car linen...........................
C urrent A ssets—
Cash on hand...................................
Accounts receivable........................
Bills receivable................................
Southern Pacific Company........... .
UncoUected income balances........
U nadjusted A co’ nts—Contingent..
U nited States Government —
Amounts due this company for
transportation on non-aided and
leased roads, over all requirem’ts.
X and Contracts — Deferred pay
ments on time sales........................
Total assets
$8,710,007 89
4,961,550 56
$872,439 32
7,392 60
176,670 33
221,784 29
243,379 29
14,966 03
$1,536,631 85
$34,460 67
27,003 80
4,500 00
$58,168 22
100,050 42
4,500 00
874,585 86
468,92168
1,075,110 07
$1,506,226 18
$145,165 34
$1,141,074 54
$145,165 34
$1,068,16167
$1,068,16167
$973,983 70
$1,028,147 03
...............$202,491,584 02 $199,922,738 09
LIABILITIES.
1894.
•Capital Stock—
Authorized issu e...$68,000,000 00
Less amount held in
company’s treas..
724,500 00
----------------------- $67,275.500 00
F unded D ebt (Table B, pamph. rep.) $60,100,000 00
U nited States B onds. ...................... $27,855,680 00
1893.
$67,275,500 00
$58,931,000 00
$27,855,680 00
«C u r r e n t L i a b i l i t i e s —
Bills payable—Trustees land grant
mortgage........... .............................
Accounts payable.............................
Unclaimed coupons ......................
Unclaimed dividends.......................
Aocrut'd int., uninatured coupons.
^Second installment of taxes for
1894, due 1895...............................
Fund for renewal of locomotives
and cars........................................
$400,000 00
346,878 77
41,875 00
50,166 00
280,170 00
$1,000,000 00
249,091 24
5,»30 00
67,198 00
124,053 87
210,030 34
$1,322,219 24
$119 71
$1,453,173 98
S inking F unds uninvested—‘Co........
$676,891 38
Sinking F unds uninvested, to credit
►'of land trustees................................
$544,935 22
B alance of A ccount—
Profit and loss balance (Table E,
. pamph. reportK............................ $2,572,536 12
Used for redemption of land bonds
(Table F, pamph. report)............. 10,444,713 28
Used for sinking funds at the o unpany (Table G, pamph. report).. 17,296,894 69
Used for United States require
ments (Table H, pamph. report). 14,271,259 35
$3,385,838 49
$44,585,403 44
$44,024,086 90
$514,132 24
10,317,226 94
16,649,443 02
13,671,^58 45
Total liabilities.............................$202,491,584 02 $199,922,738 09
D A ILY CLOSING PRICES OF LARD FUTURES.
M a y ............. .
J u ly .............
September.................... o.
Sat.
685
6'95
Mon.
6-85
6*95
Tues.
6-85
6 97
—
—
—
Wed.
7 ‘00
715
7-30
Ihurs.
Eri
7 05
7-25
For pork there has been very little inquiry, but pricis were
quoted unchanged, closing at SIB 50@$14 25 for mess, $13 50
@$15 25 for short clear and $12 59@$13 for family. Cut meats
have sold slowly, but prices have been without change, clos
ing steady at 5%@8c. for pickled bellies. 12@10 lbs. aver
age, 5J^c. for pickled shoulders and 9@ 9^c. for pickled
hams. Beef has been unchanged and quiet, closing
at $8 for mess, $9@$10 for packet, $11@$13
for
family and $18@$20 for extra India me3S. Beef hams have
been firmer, closing at $19 50. Tallow has had a fair
call at unchanged prices, closing firm at 4%c. Oieo stearine
has declined and the close was easy at 8c. Lard stearine was
quoted nominally unchanged at 83^@8^c. Cotton-seed oil
has been in better demand and firm, closing at
23@24c. for prime crude and 27@27J£c. for prime
yellow. Butter has been dull, closing easy at 12@18c. for
creamery. Cheese has been in demand at advancing prices,
closing firm at 5@7]^c. for State factory, full cream. Fresh
eggs have been freely offered and prices have declined, closing
at I2%@l3c. for choice Western.
Coffee has ruled about steady and gained in tone. All de
sirable mild grades sold well in some cases at higher figures,
and staple quality of Brazils secured increased attention,
Rio No 7 quoted at 16c. for flat bean, good Cucuta at 19^c*
and standard Java at 27@27i£c. Contracts for future deliv
ery were offered with some freedom, but readily absorbed
and prices held fairly steady, closing without much tone.
The following were the final asking prices:
ja n e ............. ,.1 4 ,30o. ( 8ept.. . . . . . . . ..1 5 ‘05o. I D eo.. . . . . . ....1 4 ’ 90o.
July..................14 85o. Oot.................... 1510c. Jan....................I4*80o.
A u g ...............15'OOc |Nov................... 14 95o. I Maroli............... 14'70o.
Raw sugars were slow of sale and up >n landing pircels
fractional shadings of cost have taken place. Foreign advices
are les3 stimulating. Centrifugals quoted 3
for 96-deg. test
and muscovado 2 15-16c. for 89-deg. test. Refined sugars were
very dull, but held at former rates ; granulated quoted at 4% c.
Other staple groceries slow of sale but steady.
For Kentucky tobacco the demand was quiet but prices
were firmly maintained; sales 150 hhds. Sted leaf tobacco
was in slightly better demand and steady; sales for the week
were 1,390 cases, as follow s: 250 cases i893 crop, New Eng
land Havana seed, 4@7c,; 250 cases 1892 crop, New Eigland
Havana seed, 16@31c.; 50 cases 1892 crop, New England seed
leaf, 27c.; 150 cases 1893 crop, Pennsylvania Havana seed,
9 ^ 'a iic .; 100 cases 1892 crop, Pennsylvania Hivanaseed,
10@ llc.; 140 cases 1893 crop, Zimmer’s, ll@ 1 2 ^ c .; 150 cases
1892 crop, Wisconsin Havana, ll@ l3 c .: 100 cases 1893 crop,
State Havana, 4@8c., and 200 cases 1892 crop, Pennsylvania
seed leaf, 8@16c.; also 600 bales Havana, 65c @$1 05, and 200
bales Sumatra, 90c. @$2 90 in bond.
The speculation in the market for Straits tin has been quiet
and prices have declined in response to weaker foreign ad
vices, closing at 14’40c. Ingot copper has been quiet but
steady, closing at 10'60@10’65c. for Lake. Lead has adv anced a trifle, and the close was firm at 3’25@3 30c. for do
mestic. Spelter has also improved slightly, closing firm at
3 60@3 65c. for domestic. Pig iron has been quiet and witho ut change at $10@$12 50 for domestic..
Refined petroleum has further declined, closing dull at
7- 85c. in bbls., 5 35c. in bulk and 8 50c. in cases; crude in bbls.
has been nominal; naphtha, 9c. Crude certificates have con
tinued to decline, cl »sing at $ l 51 bid. Spirits turpentine has
been quiet but steady, closing at 29^0. for regulars and 30c.
for machines. Rosins have been in light supply and firmly
held, closing at $1 62]^@$l 65 for common to good strained.
W ool has been quiet and without change. Hop3 have baeu
dull but about steady.
972
THE CHRONICLE.
C O T T O N .
Friday Night , May 31, 1895.
T h e M o v e m e n t o p t h e C r o p , as indicated b y our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 29,020 bales,
against 29,065 bales last week and 30,565 bales the previous
™*king the total receipts since the 1st o f Sept., 1894,
? ono
bales, against 5,821,273 bales for the same period of
1893-4, showing an increase since Sep.l, 1894, of 1,960,129 bales
Receipts at—
Sat. I Mon. I Tues. | Wed. I Thurs.
Galveston........
Velasco, & o ....
New Orleans..
M obile..............
Florida.............
Savannah........
Brnnsw’k.&o.
Charleston.......
Pt. Royal, &o.
W ilm ington....
Wash’ton, &c.
Norfolk.............
West P oin t...
N’port N., «fee.
New Y ork........
B oston .............
Baltimore........
Philadelph’a <feo
Tot’ls this week
151
375
......
332'
......
1,648
311
47
1,149
1,330
297
576
1,352
2
2,624
243
798
836
......
357
1,532
7
11
282
2
o
1
1
95
25
......
84
14
463
......
......
......
87
......
82
92
339
434
......
......
10
2,913
4
367
......
713
131
•». . . .
101
4,995
4,685
2,027
Fri.
Total.
214
1,430
341
341
1,973 10,076
29
363
720
563
214
5,743
4,759
563
958
5,743
947
217
238
51
1,727
643
958
209
100
238
51
456
643
130
3.283 11,117 29,020
oept. 1,1894, and the stock to-night, compared with last year,
1894-95.
This Since Sep.
Week. 1,1894.
1893-94.
This Since Sep.
Week. 1,1893.
G alveston...
1,430 1,649,095
Velasoo, <fec.
341
73,428
New Orleans 10,076 2,556,664
Mobile..........
363 235,989
Florida........
25,373
Savannah...
4,759 929,743
Br’ wick,&o
563 151,734
Charleston..
958 426,457
P.Royal,&o.
5,743 157,206
Wilmington..
6 234,227
Wasn’n, &c
928
N orfolk........
947 *466,421
West Point
217 285,300
N’p’tN.,&o
41,721
238
New Y ork ...
51 137,046
B osto n ........
1,727 152,215
Baltim ore...
643 116,507
Philadel.,<&o.
958 141,348
997 997,684
576
40,270
3,165 1,831,129
228 198,718
35
34,856
1,973 943,857
632
96,352
160 337,287
. 77,813
179 189,267
499
2,262 486,013
364 237,176
183
60,480
70,178
64
98,182
603
58,494
787
63,017
Receipts to
May 31.
Stock.
1895.
1894.
19,385
20,626
165,614
10,074
94,224
13,894
22,634
1,768
28,666
21,562
1,631
20,314
11,841
4,886
20,837
947
450
221,770
7,300
11,041
9,985
24,576
983
3,789
219,149
7,600
7,614
.6,187
Totals....... 29,020,7,781,4021 12,208 5,821,272 532,3421 447.035
* 5,486 bales added as correction of receipts since Sept. 1.
In order that comparison
may bei made
with
other —
years, we
^ i- 1 ,1!
/»
•
tTO nnl Atrr
Receipts at—
1895.
Galves’n,<fcc.
New Orleans
M obile........
Savannah...
Char*ton,&o.
Wilm’ton,&o
N orfolk.......
W. Point,dec.
All others...
1,771
10,076
363
4,759
6,701
6
947
455
3,942
1,573
3,165
228
1,973
160
179
2,262
547
2,121
2,815
9,621
857
2,582
768
249
2,520
1,690
4,484
3,999
12,214
880
5,937
942
1,284
2,629
3,415
3,144
2,475
7,347
944
6,191
1,713
472
4,251
2,815
4,788
Tot. this wk.
29,020
12,208
25,586
34,444
30,996
1894
1893.
Since Sept. 1 7781,40215821,272 4905,106
1892.
1891.
1890.
In addition to above exports, our telegrams to-night also
mve us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
I
Str
l_____ t » *i i •
n
"
*
ON SH IPBOARD , NOT CLEARED— FO R
May 31 at —
New Orleans...
G alveston......
8avannah____
Charleston.....
Mobile______
Norfolk ..........
New York........
Other ports .. .
Great
Other Coast
Britain. France. Foreign wise.
8,487
10,161
None.
None.
2,000
None.
4,200
5,000
1.229 11,833
None.
769
None.
2,500
None.
6,000
None. None.
None. None.
400
9.000
None.
3.000
640
1,116
200
200
None.
3,500
None.
None.
Leaving
Stock.
Total.
22,189
12,046
2,700
6,200
2,000
3,500
13,600
8,000
143,455
7,339
19,934
22.4B6
8,074
17,337
208 170
35,332
Total 1895...
29,848
1,629 33,102
5,656
70,235
462,107
Total 1894...
Total 1893...
16,4 8
18,617
2,889 21,657
8,135 28,139
7,353
5.803
48,357
60,693
398,678
420,705
Speculation in cotton for future delivery at this market
has been conducted upon a more conservative basis. Advices
from the South were generally looked upon as indicating a
backward condition of plant, and that served as an influence
to prevent much selling, but the outside trading element ap
peared content with previous investments and buying orders
were curtailed. During Saturday trading was irregular, but
generally upon a higher basis o f cost, stimulated by a rumor
that a prominent Liverpool house was about to issue a small
average estimate, and a net gain of 8 points took place. The
demand, however, was principally to cover short contracts,
a,nd not being followed up to any extent on Monday, the value
line settled off 5 points, a tameness in foreign advices contribut
ing to a feeling of depression here. Tuesday’s dealing was in the
mam between local operators, very few outside orders coming
to hand, and after a decline of 4 points prices recovered to
the level of the previous evening. During Wednesday foreign
advices were a shade firmer, and weather reports poor, which
served to infuse greater strength and raised cost 6 points net.
Thursday was observed as a holiday. A t the close to-day
prices show a decline of about 6 points from Wednesday
under tame accounts from Europe and better weather advices
from the South. Cotton on the spot dull at 7 5-16c. for mid
dling uplands.
The total sales for forward delivery for the week are 730,3C0
bales. For immediate delivery the total sales foot up this week
3,700 bales, including 1,148 for export, 752 for consumption,
— for speculation and 1,800 on contract. The following are
the official quotations for each day of the past week—
'fa y 25 to May 31.
Rates on and off middling, as established Nov. 22, 1893,
y the Revision Committee, at which grades other than
................................o. 1*4 on.
_____iDgFair..................... v8 on.
Strict Good Middling....... i* on.
Good Middling................... 6ie on.
Strict Low Middling........ s16 off.
Low Middling. . . . . . . . . . . . 7,e off.
Striot Good Ordinary.. . . . 13,6 off.
Good Ordinary............... o.
Good Middling Tinged.. .
Striot Middling Stained..
Middling Stained.............
Striot Low Mid. Stained..
Low Middling Stained... .
offEv en7S2 oft7{8 off29S2 off1% off •
On this basis the prices for a few of the grades would be t>s
follows:
222
UPLANDS.
2,052
56 Good O rdinary..,............... .
680 Low Middling.............................
175 M iddling....................................
Good Middling..........................
45 Middling Fair............................
61
GULF.
246
950 Good O r d i n a r y .................
Low Middling............................
4,487 M iddling....................................
Good M iddling...,.................. ...
Middling Fair............................
STAINED.
r*-cC r
T i n » , , ut;u
were to wreat Britain, 2,00,
to France and 18,711 to the rest o f the Continent. Below ar<
the exports for the week and since September 1,1894.
Export*
from—
[VOL. LX.
S a t.
M on T ues W ed T h ,
6H
6318
6*8
7518
7t>8
83,«
73s
7 «ifl
8*4
63te
6*8
75,6
7B8
83lft
6%
615x8
73g
7Hl6
8 I4
K
CÖ
23
0
w
Tb.
F r i.
67ia 6i*
7%
73,6
c6
79ie 75s
715lf
7*8
O
8*,« 81*
tt
T ues W ed T b .
67X6
718
7»ie
7*8
8718
F r i.
S a t. M o n T o e s W e d
6ig
73ie
7«s
8I3
fa «
718
7»ie
7*8
8*1«
S a t. i M o n
F it.
75,6
75s
83j 6
Low Middling.............................
513x8 6
515x8,
Middling.............................
6i5le Holi 6*8
6*8
6*8
¡Strict M iddling........................ h
733v Z.32 75sa day. f 82
Week Endino May 24.
From Sept. 1,1894, to May 24 1896 Good Middling Tinged............. 738
7*1« 75, K 738
75,6
Exported to—
Exporte i to—
Oreat
Conti Total Great
MARKET AND SALES.
Conti
Brit’n. France nent. Week. Britain. France nent.
lo ta .
The total sales o f cotton on the spot and for future delivery
Galveston......
Velasoo, Ac....
New Orleans.. 13,354
Mobile A Pen.
Savannah.....
Brunswick.....
Charleston*... 4,641
Wilmington..
N orfolk.........
West P oint....
N’p’t News, Ac
New York...... 13,449
Boston............
7,477
Baltimore.......
2,234
Phlladelp’a ....
647
Total............ 41,802
Total, 1893-94. 18,495
* Including Fort Royal.
1,004 1,004 801,307 212,413 323,695 1,337,415
275
276
67,508
57,608
150 8,610 22,114 850,609 457,122 647,910 1,955,641
89,245
31,120 120,365
......
63,132 27,160 443,310 533,602
74,745
28,649 103,394
1,102
5,743 254,585 18,791 213,603 486,979
56,044 4,160 138,232 197,436
2,532 2,532 140,393
43,691 184,084
70,871
36,287 107,158
32.827
32,827
555 1,744 15,748 434,837 39,090 260.243 734,170
.........
7,477 262.187
2,557 264,744
200 4,546 6,980 103,944 7,155 145,015 256,114
647
56 85S
19,150
76,008
2,007 18,711 65,620 3,290,584 765,891 2,390,970|6,447,445
10.440 28.935 2,768,34 01577,095 1,585.125 4 930.460
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
column which shows at a glance how the market closed on
same days.
SALES OP SPOT AND CONTRACT.
■POT M ARKET
CLOSED.
Sat’d a y.
Monday
Tuesday
Wed’day
Thur’d’y
Friday..
Total.
D oll at 1,8 adv..
Quiet at 1,8 dee.
Dull...................
Quiet at ixe adv.
Quiet at lie dee.
Ex
Con- Spec- Con
port. sump. ut'Vn tract. Total.
1,148
237
82
79
500
737
800 2,030
100
179
Sales o f
Futures.
129.000
147,300
168.000
147,100
....
354
400
754
140,900
1,148
752
1.800
3,700
730,300
f u j S iL cs and P rices of F utures are shown by tho
following comprehensive table.
►si
•4 ®
®
H*£f
P- | sSag*
F8-s^
«•aS«
p ct p
sg® E f
&a£S
9
Q $ O
p
» ' p
•ö o ^
SS9P®
s’äs.g'
E*© ® Pi
9S£§f
gsgl
lf
P ®,vvs M
P ®V*1
© 3 .& ®
® © © &•
fc i© m p
ft
¿nl
O '
® © ® 2
S
P’®
OB'*® &
P
fR |
T'w
*w©5 «•a*-»g?'-S «•aSi* 0 » oc
S£g F5*Bl &SS P*r*5 ggg
* :|
3|»9
so*
80 s
d H
3
e: »
<g! w
a
I
, *
onp
H IJ
EbOioJS life
E^m CS©
8
I s?f E 0 9 3 30^8 Son *3
80
9S 8
Vj <JQ^ S3<io^
S-Si*
eii®
*©
so St
»
£**«J
h -SP
P .C -J O
^ - : v*
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* * § .
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r ,!
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no .
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C0<4
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973
THE CHRONICLE.
J une 1, 1895.]
on
Po
M ©
®
»
o ®
m
* &
*4
►» « 3 0 *
«• A
to
►*
■4
oi
©
►
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® 1
-3 -3
0 0
oq'
COM
©
1
ö
<1
CD
00
1
1895.
1894.
1893.
1892
Stock at Liverpool........ hales. 1,642,000 1,610,000 1,573,0001,635,000
Stock at London.......................
7,000
6,000
5,000
9,000
Total Great Britain stock. 1,649,000 1,616,000 1,578.000 1,644,000
3,300
16,000
Stock at H am burg...............
25,000
26,000
Stock atB rem en ... . . . . . . . . . . . . 328,000 190,000 166,000 143.000
27.000
18,000
3tock at Am sterdam . . . .........
18,000
15,000
200
200
Stock at R otterd am ...............
200
200
7.000
10,000
15,000
16,000
Stock at Antwerp............
Stock at Havre...........
465,000 436,000 403.000 440.000
7,000
9.000
Stock at Marseilles..................
5,000
7,000
98.000
Stock at Barcelona................
109,000
77,000 106.000
20,000
19.000
Stock at Genoa.........................
52,000
10,000
19,000
27.000
Stock at Trieste . . . . . . . . . . . . . . .
20,000
29,000
Total Continental stocks.-1,037,200 815,200 765,200 773,500
Total European stocks
2,686,200 2,431,200 2,343,200 2,417,500
India ootton afloat for Europe. 155.000 161,000 205.000 317.000
Amer. oott’n afloat for Europe. 160.000 135,000 128.000 163.000
25,000
17,000
47,000
25,000
Egypt.Brazil,&o.,afltforE’r’pe
Stook in United States ports.. 532,342 447,035 481,398 655,230
StookIn U. S. interior tow ns.. 101,628 123,963 201,857 230,583
12,920
22,383
3,443
4,348
United States exports to-day.
Total visible supply.......... 3,674,553 3,326,641 3,410,803 3,821,233
Of the above, totals of American and other descriptions are as f oUows:
_
jA.iyi>£t*xccty%
Liverpool s to o k .........h a le s . 1,530,000 1,363,000 1,314,0001,418,000
Continental stooks. . . . . . . . . . . . . 956,000 663,000 645,000 605,000
American afloat for E urope... 160,000 135,000 128,000 163,000
United States s to o k ............. .
532,342 447,035 481,398 655,230
United States interior Btooxs.. 101,628 123,963 201,857 230,583
United States exports to-aay.
22,383
3,443
4,348
12,920
Total American....................3,302,353 2,735,441 2,774,603 3,084,733
East Indian, B razil, die. —
Liverpool s took ....................
112,000 247,000 259,000 217,000
London stook. . . . . . . . . . . . . . . . . .
7,000
6,000
5,000
9,000
Continental s t o o k s .............
81,200 152,200 120,200 168,500
India afloat for Europe............ 155,000 161,000 205,000 317,000
Egypt, Brazil, &o., afloat........
17,000
25,000
47,000
25,000
Total East India, &o.......... 372,200 591,200 636,200 736,500
Total American....................3,302,353 *2,735,441 2,774,603 3,084,733
Total visible supply.......... 3,674,553 3,326,641 3,410,803 3,821,233
378d.
4iied.
43u d.
48]fd.
Middling Upland, Liverpool..
771«0.
7%c.
7«io.
Middling Upland, New*York..
51i«d.
5d.
5>ed.
Egypt Good Brown, Liverpool
SOgd.
68gd.
63ad.
5i%a.
Peruv. Rough Good, Liverpool
4 iad.
3°8d.
4 i«d.
4d.
Broach Fine, Liverpool..........
37sd.
3U16d.
4!8d.
4d.
Tinnevelly Good, L iverpool..
%
J®“ The imports into Continental ports the past week have
been 81.000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 347,912 bales as compared with the same date
of 1894, an increase of 263,750 bales over the corresponding
date of 1893 and a decrease o f 143,680 bales from 1892,
-3 -3
%
M §
1 S .® :
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tow_to
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7*36
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The following exchanges have been made during the w eek :
*12 pd. to exoh. 800 June for Aug.
*27 pd. to exoh. 500 June for Deo.
*06 pd. to exoh. 1,000 J’ne for July.
•11 pd. to exoh. 1.400 J’ne for Aug.
*04 pd. to exoh. 200 Aug. for Sept.
*05 pd. to exoh. 300 July for Aug.
*24 pd. to exoh. 1,000 July for J’ne.
05* • M O
» U K H O
■
bo
M M
•
05
! i ^ v ) H c o a ( O H a H ^ ^ O ) ! m q d o >m m o o o <m < I ; rf»oD toba
00
• OC O bO O V< ** 05 -J M
a cn
O D O ® W tO O S b S M O
OCCObOOSW
M MllkM* hObSMbSM OSMbOM CO MbO■
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* Includes sales In September, for September, 28,100; SeptemoerOctober, for October, 229,600; September-November, for November,
413,600; September-Deoember, for December, 1,162,oou; SeptemberJauuary, for January, 3,175,3 M>; September-Februar v, for February,
901.90«; September-March, for March, 4,373,10«; September-April,
for April, 620,200.
*03 pd. to exoh. 400 June for May.
*19 pd. to exoh. 200 June for Oct.
•26 pd. to exoh. 800 June for Dec.
*05 pd. to exch. 600 Sept, for Nov.
*04 pd. to exch. 200 July for Aug.
*04 pd. to exoh. 500 Aug. for Sept.
*07 pd. to exoh. 300 Aug. for Oct.
T he V isible Supply of Cotton to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (May 31), we add the item o f exports from
the United States, including in it the exports o f Friday only.
m
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* Louisville figures “ n et” In both years,
t This year’s figures estimated,
t Last year’s figures for season to date revised.
The above totals show that the interior stocks have decreased,
during the week 13,321 bales and are now 22,335 bales less
than at same period last year. The receipts at all the towns
have been 393 bales less than same week last year and since
J Sept. 1 are 1,833.593 bales more than f o r same time in 1893-91.
THE CHRONICLE,
974
Q u o t a t i o n s f o r M i d d l i n g (Jo t t o n a t o t h e r M a r k e t s . —
Below we give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the w eek.
C L O SIN G Q U O T A T IO N S F O B M ID D L IN G CO T TO N O N —
May 31.
Satur.
Mon.
6 7a
6%
6%
6\
■Galveston. . .
N ew Orleans
M obile..........
S avan nah...
C h a rle sto n ..
W ilm in gton .
N orfolk ........
B oston . . . . . .
B a ltim ore..
Philadelphia
A u g u s ta . . . .
M e m p h is....
St. L o u is. . . .
H o u s to n . . . .
C in cin n a ti..
L o u isv ille ...
6®8
6%
76,6
73m
7ia
7
6%
e iiie
7
7
Tue*.
618,8
6^8
6%
63,
60s
6«s
6 0 ,6
6*8
6Si
65g
65s
6\
6\
738
73,6
78s
7
613,8
6131k
611,6
7
7
75,6
73,e
70s
7
¿13,6
613,8
7
7
Wednes.
613,6
615,8
6%
63,
■- 658
658
6%
75ie
•73,6
7*>8
7
613,8
6 7s
6%
7
7
Frx.
Thurs.
7
6 ll,6
613,8
63,
6®8
63,
75,6
7?ie
7°a
7
6>3,«
6 78
6 78
7*8
7
2
H
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
N ew berry.........
A tla n t a ......... .
S’a Little R o o k .... 6*8
R a le ig h ......... .
Columbus, G a.
63a M ontgom ery... H1«
S e l m a .....___ _
6%
Colum bus, Miss
6*4 N ash v ille. . . . . .
613,8
Shreveport.......
N
atch
ez........
.
6%
E u fau la......... ...
R e c e i p t s f r o m t h e P l a n t a t i o n s . —The following
6
7
6%
......
tabe
indicates the actual movement each week from the plantations.
'The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
-movement from the plantations o f that part of the crop which
finally reaches the market through the outports.
W eek
JBndino—
Apr,
May
“
”
**
*
Receipts at the Porte. St’k at Interior Town*. Rec’ptsfrom Plant'n*
1893.
1894.
1895.
1893.
1894.
1895.
1894.
1893.
1895.
20...... 13.141 44.394 69,985 280.21' 7 181.945 180,641 18,605 26 298 43,833
3...... 30,938 38,823 56,937 259 203 170,936 165,978 9,874 24,814 36,274
10...... 80,150 27,850 41.900 243 ose 156,917 148,553 14,033 12.831 24,475
17...... 32,025 21,604 80,565 229.625 147,049 137,822 19,084 12,736 19,334
21...... 25.359 21,602 29,065 213,479 134.495 111,859 9,313 9,048 8.602
81...... 25,588 12,2.8 29 020^01,857 123,983 101,628 13.964 1,676 15,789
The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, 1894, are 7,825,695 bales; in
1893-94 were 5,869,069 bales; in 1892-93 were 4,978,329 bales.
2.—That although the receipts at the outports the past week
were 29,020 bales, the actual movement from plantations wasonly 15,789 bales, the balance being taken from the stocks ai
the interior towns. Last year the receipts from the plantations
for the week were 1,676 bales and for 1893 thev w e n
13,964 bales.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s i n c e S e p t . 1 .—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter st
largely into detail as in our regular monthly report, but al1
the principal matters of interest are given. This weekly
publication is o f course supplementary to the more extended
monthly statements. The results for the week ending May 31
and since Sept. 1 in the last two years are as follows:
1894-95.
May 31.
Week.
Shipped—
Via St. L o u is ............................
Via C a iro ....................................
7,394
3,979
Via E va n sv ille........... ..............
Via Louisville..._____ ________
Via < incinnati.............................
Via other routes, A c...................
47
2,123
751
1,564
Total gross overland............ Deduct shipments Overland to N. Y., Boston, &c .
Between in t-iior towns_______
Inland, &c., from South.. . . . . . . .
1893-94
Since
Sept. 1.
Week.
Sept.
911,035
328,390
545
3,817
184,748
175,422
136.015
3,221 t594,902
2,439 226,987
13,703
106
7,369
2,050 119,772
918 102,307
1,558 124,094
15,858 1,739,972
10,292 1,189 134
3,379
375
2,751
547.116
30,469
73,689
1,454
55
1,648
289,871
21,698
98,007
Total to be ded u cted.............
6,505
651,274
3,157
409,576
Leavin g total net overlan d '..
9,353 1.088,698
7,135
779,558
* Including m ovem ent by rail to Canada.
1 Revised.
Th aforegoing shows that the week’s net overland movement
this year has been 9,353 bales, against 7,135 bales for tbe
wetk in 1894, and that for the season to date the aggregate net
ove>laud exhibits an excess over a vear ago of 309,140 bales.
In Sight and Spinners’
Takings.
R eceipts at ports to M ay 3 1 ___ _
N et oveiland to May 31...............
Southern consum ption to M ay 31
1894-95
Week.
Since
Sept. 1.
1893-94
Week.
Sinct
Sept.
29,020 7,781,402 12,208 5,821,272
9,353 1,088,698
7,135 799,*58
10,000 639,000
8,000 595,0. 0
Total m ark eted ......................... 48,373 9,509.100 27,343 7,195,830
44,293 * 10,532
47,797
Interior stocks in e x c e s s ............ *13,231
Came into sight during w eek.
T ota l in signs M ay 31.............
North’n spinnerstak’ gsto May 311
35,142
9,553,393
16,811
7,243,627
9.796 1,977,104 38,566 1,451,753
* D ecrease during w eek.
It will be seen by the above that there has ocme mtc sight
during the week 35,142 bales, against 16,811 bales f
the
same week of 1894, and that the increase in
cum in sight
to-night as compared wi h last year is 2,309,766 bales.
[V ol. LX.
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 .—Reports to us by tel
egraph from the South this evening denote that rain has been
quite general during the week. In districts of Eastern and
Sou hern Texas the precipitation has been quite heavy and
some damage to the crop is claimed to have resulted. Else
where as a rule the rainfall has not bsen excessive. la the
early part of the week the weather was too cool in many sec
tions, but toward the close higher temperature is reported.
At some points in Arkansas and Mississippi rain is said to be
needed.
Galveston, lexa s.—W e have had rain on four days of the
past week, the rainfall reaching three inches and twentyfour hundredths. Average thermometer 75, highest 82 and
lowest 68.
Palestine, lex a s.—Rain has fallen on four days of the past
week to the extent of four inches and ninety-one hundredths.
The thermometer has averaged 71, the highest being 86 and
the lowest 56»
Huntsville, Texas.—It has rained on four days of the week,
the precipitation reaching four inches and fifty-three hun
dredths. The thermometer has averaged 75, ranging from 62
to 88.
Dallas, lexa s.—Rain has caused grass and weeds to grow
rapidly and cotton needs work, particularly in Eastern and
Southern Texas. Heavy rains over East Texas have washed
the land and injured the crop. We have had rain on three
days of the week, the rainfall being two inches and eighteen
hundredths of an inch. The thermometer has ranged from
52 to 92, averaging 72.
San Antonio, Texas.—W e have had rain on three days dur
ing the week, the rainfall reaching 23 hundredths of an inch.
Average thermometer 75, highest 88 and lowest 62.
Luting, Texas.—It has rained on five days of the week, the
rainfall being two inches and five hundredths of an inch.
The thermometer has averaged 73, the highest being 92 and
the lowest 54.
Columbia, Texas.—W e have had a precipitation of five
inches and four hundredths on five days of the past week.
The thermometer has averaged 74 and ranged from 62 to 86.
Cuero, Texas.—There has been rain on four days of the
week, the rainfall being one inch and seventy-three hun
dredths. The thermometer has ranged from 64 to 88, aver
aging 76.
Brenham, Texas.—W e have had rain on five days of the
week, the rainfall reaching five inches and two hundredths.
Average thermometer 75, highest 88 and lowest 62.
Belton, Texas.—There has been rain on three days of the
past week,the rainfall reaching sixty-six hundredths of an inch.
The thermometer has averaged 71, the highest being 92 and
the lowest 50.
Fort Worth, lexa s.—The week’s rainfall has been one inch
and ninety-eight hundredths, on three days. Tne thermome
ter has averaged 72, ranging from 54 to 90.
Weatherford, Texas.—W e have had rain on three days of
the week, the rainfall reaching one inch and ninety-three
hundredths. The thermometer has ranged from 56 to 88,
averaging 72.
New Orleans, Louisiana—W e have bad rain on three days
of the week, the rainfall being five inches and five hunderedths. Average thermometer 77.
Shreveport, Louisiana.—There has been rain on five days
of the week, the precipitation reaching one inch and sixteen
hundredths. The thermometer has averaged 73, the highest
being 88 and the lowest 61.
Columbus, Mississippi.—The sandy lands need rain. There
have been showers on three days of the week, the rainfall
being thirty-four hundredths of an inch. The thermometer
has averaged 73, ranging from 54 to 93.
Leland, Mississippi.—Telegram not received.
Meridian, Mississippi.— Telegram not received.
Little Rock, Arkansas.— We have had three light showers
during the past week, the precipitation being sixty hun
dredths of an inch. The thermometer has averaged 71, the
highest beiDg 87 and the lowest 56.
Helena, Arkansas.— Crops near here are suffering for rain,
but ten miles distant there has been plenty. We have had
light rain on four days of the week, the precipitation reach
ing eleven hundredths of an inch. The thermometer has aver
aged 73, ranging from 54 to 90. During the month of May
the rainfall reached two inches and thirty hundredths, on ten
days.
Memphis, Tennessee.—It rained on two days in the early
part of the week, the rainfall being seventeen hundredths of
an inch, but latterly the weather has been dry and sultry.
Crops need raip. The thermometer has ranged from 54 6 to
92 6, averaging 72 3.
Nashville, Tennessee.—It has rained during the week, the
precipitation reaching one inch and one hundredth. Average
thermometer 68, highest 91 and lowest 48.
Mobile, Alabama. —Crop reports are conflicting. W e have
had rain on four days of the week, to the extent of two
inch and six'y-seven hundredths, The thermometer has av
eraged 75. the highest being 86 and the lowest 66. During the
month of May the rainfall reached five inches and fifty hun
dredths.
Montgomery, Alabama.—The report of the Commissioner of
Agriculture makes the decrease in cotton acreage for the State
of Alabama 14 per cent. The takings of commercial fertilizers
have fallen of 25 per cent, but hom?-made minures show an
increase of 15 per cent. There has been rain on five days dur
ing the week, the precipitation being forty-eight hundredths
THE CHRONICLE.
J une 1, 1895.]
of an ioch. The weather now is hot and dry and crop shows
much improvement. The outlook is excellent. The ther
mometer has averagpd 72, ranging from 62 to 82.
Selma, Alabam a.—The weather is very favorable and culti
vation is progressing rapidly. The rainfail during the week
has reached one inch and fifty-eight hundredths. The ther
mometer has ranged from 61 to 88, averaging 74.
Madison, F lorida.—The crop looks well. It has rained on
two days of the week, the precipitation being eighty hun
dredths of an inch. Average thermometer 77, highest 88 and
lowest 68.
Albany, G eorgia.—Telegram not received.
Savannah, Georgia.— We have had rain on five days of the
week, the precipitation reaching one inch and fifty-two hun
dredths. The thermometer has averaged 74, ranging from
62 to 86.
Columbus, Georgia.—There has been rain on two days of
the week, to the extent of one inch and four hundredths.
The thermometer has averaged 73, the highest being 89 and
the lowest 54.
Augusta, Georgia.—It has rained on four days of the week,
the rainfall being two inches and forty-nine hundredths. The
thermometer has ranged from 65 to 99, averaging 70.
Charleston, South Carolina.—There has been rain on four
days of the week, the precipitation reaching two inches and
forty-eight hundredths. The thermometer has averaged 74,
the highest being 85 and the lowest 62.
Stateburg, South Carolina.—The weather is more seasonable
as the week closes. We have had rain on three days, the pre
cipitation reaching ninety-four hundredths of an inch. The
thermometer has averaged 67*9, ranging from 47 to 87.
Greenwood, South Carolina.—Cotton is improving, but
much replanting has been necessary. The crop is two weeks
late on the average. It has rained on each day of the week, the
precipitation reaching one inch and fifteen hundredths. The
thermometer has ranged from 52 to 90, averaging 71.
W ilson, North Carolina.—Telegram not received.
The following statement we have also received by telegraph,
showing the height o f the rivers at the points named at
8 o’clock May 30, 1895, and May 81, 1894.
May 30, '95. May 31, '94.
Feet.
Feet.
11‘2
3-8
96
13-6
6-9
7-0
1-2
18-6
2-9
24-4
New Orleans.......
Memphis.............
Nashville.............
Shreveport..........
Vicksburg............
O u r C o t t o n A c r e a g e R e p o r t . —Our cotton acreage report
will probably be ready about the 6th of June. Parties desiring
the circular in quantities, with their business card printed
thereon, should send in their orders as soon as possible, to
ensure early delivery.
I n d ia C o t t o n M o v e m en t F r o m
all
P o r t s . —The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to May 30.
B O M B A Y R E C E IP T S AN D SH IP M E N T S F O R F O U R Y E A R S .
Receipts
This
Since
Week. Sept. 1.
>94-5 5,000 1,000 6,000 22,000 325.000 347.000
30.000 30.000 44.000 651.000 695.000
’ 93-4
'92-3
60.000 60.000 37.000 677.000 714.000
'91-2 4.ÖÖÖ 72,000 76,000 58.000 719.000 777.000
Shipments for the week.
Shipments
74.000 1.274.000
56 000 1.543.000
86.000 1,5« 0,000
75 000 1.477.000
since Sept. I
Conti
nent.
Great
Britain,
Oaloatta—
1894-95...
1893- 94... 1,000
Madras—
189495...
1893- 94... .........
All others—
189495...
1893-94...
Total a l l 189 4-95...
1893-94...
i ’ ooo
Great
Britain. Continent.
Total.
5,000
6,000
Total
6,000
20,000
22,000
55.000
28,000
75.000
6,000
23.000
10.000
17.000
16.000
40.000
7.000
6.000
7.000
6.000
16.000
25,000
65.000
52.000
7,000
11,000
7,000
12,000
28,000
68,000
97,000
124,000
125.000
192.000
EXPORTS TO EUROPE FROM ALL INDIA.
1894-95
This
week.
Combay...........
All other ports.
6,000
7,000
Total.........
13,000
1893-94.
Since
Sept. 1.
This
week.
1892-93.
Since
Sept. 1.
This
week.
Since
Sept. 1.
347.000 30.000
125.000 12.000
695.000
192.000
60,000
9,000
714.000
126.000
472,000
887,000 69,000
840,000
A l e x a n d r ia R e c e ip t s
and
42,000
S h ip m e n t s .— Through arrange"
ments we have made with Messrs. Davies, Benachi ft C o.. of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week o ; tne previous tw o years.
1894-95.
1893-94.
1892-93.
2,000
4,534,000
This
Since
week. Sept. 1.
13,000
4,857,000
This
Since
week. Sept. 1.
5,129,000
This
Since
week. Sept. 1,
Exports (bales)—
To L iverpool. . . . . . . .
To Continent..........
2,000 261,000
316,000
4.000 306.000
1.000 258.000
3.000 282,000
1.000 290.000
Total Europe.........
2,000 577,000
5,000 564,000
4,000 572,000
Reoel pt s (can t ars*)___
This week___
Slnoe Sept. 1.
* A o intar i s 98 pounds.
M a n c h e s t e r M a r k e t . —Our report received by cable to
night from Manchester states that the market is firm for both
yarns and shirtings. Production is being curtailed moder
ately. W e give the prices for to-day below and leave those
for previous weeks o f this and last year for comparison :
1895.
8 * lbs.
fthir tings.
i t s Cop
Twist.
Ap.26
May 3
“ 10
“ 17
“ 24
“ 31
1894.
Oott’r
Mid. 32« Cop.
Twist.
TTnldi
a
5<*8
5®8 0638
5®s 0638
5Ui60638
5\ 0 6 h
513^^613
s.
4
4
4
4
4
4
d
a.
2 ®6
2 ®6
2 ®6
2iflff8
3 06
3i#®6
n
4
2
2
3
3
4
<1.
d.
*•
321.2 6318 97%
6
®
67s
3*®Ss>
30s 63le -»718
321.2 ........... Hol
327g. 6
« 6 7s
3 7e 61)6 •®678
8 li lbs.
Shirtings
Oott’n
Mid
ITpl't
*
i. 1
4 III4 9 7 0
4 1013*6 11
4 1 0 is »6 10
4I16
3I61*
31616
4 10 « 6
4 10 « 6
4
4I16
9
9
8 e a I s l a n d C o tto n M o v e m e n t . — We have received thi(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 (May 31) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893-94. are as follows.
1894-95.
Receipts to May 31.
1893-94.
Stock.
This
This
Since
Since
week. Sept. 1. week. 8ept. 1. 1895.
Savannah.........................
Oharleston........................
Florida, &o......................
7 64,195
__
5,298
5,139
....
Total............................
7 74,632
1894.
7 54,156
2,210
3,561
524 1,56397
414
181 1,093
7 59,927
802
....
3,070
The exports for the week ending this evening reach a tota 1
of 24 bales, of which 24 bales were to Great Britain, — to France and — to Reval, and the amount forwarded to
Northern mills has been 54 bales. Below are the exports
tor the week and since September 1 in 1894-95 and 1893-94.
Exporte
from —
Savannah...
Oharl’ t’n.&c
Florida, &o.
New York..
Boston.......
Baltimore..
Week Ending May 31. Since Sept. 1, 1894.
North’n Mills.
Great Fr’nce
Great Fr’nce
Brit’n. <tc. Total. Brit’n. <6c. Total.
Since
Week. Sept. 1.
18,085 2,441 20,526
2,913
53 2,966
765
765
4,338 3,118 7,456
8,357
8,35?
391
391
' " ‘¿41
5 29,070
49 1,413
4,172
........
"2 4
......
........
24
.......
24 34,849
...........
5,612 40,461
....... »
54 34,655-
18 32,150 4,417 36,567
-- 22,142
Total 1893-4
18
A con sidera b le portion o f the Sea island c o tto n sn ip ped t o
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 May 31 at Savannah, for Floridas, common,
8c.; medium fine, l l ^ c . ; choice, 15V£c.
Charleston, Carolinas, medium fine, 22c. to 24c.: fine, 28c. ;
extra fine, 30c. to 35c., all nominal.
Cotton Consumption
and
Overland Movement
to
June 1..
—In consequence of the small movement during May, we
omit givifcg the usual extensive details <f the overland move
8l,00( ment. Below, however, we present a synopsis for the month
77.000 of May and for the nine months of the season to June 1.
The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales less than the sam<
week last year, For the whole of India, therefore, the tota)
shipments since September 1,1894, and for the corresponding
periods of the two previous years, are as follows:
Shipments
(o all Europe
from—
Alexandria, 'Egypt,
May 29
Total........
Shipments this week. Shipments since Sept. 1.
Great Conti
fa r Great Conti
Total.
Brit’n. nent. Total. Britain nent.
975
1894-95.
1893-94
1892-93.
62,705
51,136
Gross overland for May..................bales.
73,325Gross overland for 9 months.......... ........ 1,739,972 1,188,64: 1,162,262
12,826
25,96 1
38,656Net overland for May................................
Net overland for 9 months........................ 1,088,698 779,029 799.361
Port receipts In May................................... 153,135 126,013 129,905Port receipts in 9 months......................... 7,781,40 5,819.49' 4 898,630
293,813 230,931 264,175Exports in May.......................................
Exports in 9 months................................. 6,447,44* 4,930,061 3,999,693
Port stocks on May 31............................. . 532,342 455,62S 496,313
Northern spinners’ takings to June l __ ’ ,977,104 1,450,66i l 597,415
639,000 i 93,000 573,000
Southern spinners' takings to June l ..
Overland to Canada for 9 months (in
49,003
97,148
46,002
eluded in net overland)____ ________
1,118
17,742
41,197
Burnt North and South in 9 months__
1,919
11,351
11.468
Stock at North’n interior markets June 1
149,254 142,975 138,561
Came in sight during May.......................
Amount of crop in sight June 1............... 9,553,393 7,240,526 6,347,991
266,685 369,151
..........
Dame in sight balance season..................
7,527,211 6,717,142
Total c r o p . .. . ! . .. . ................ ...................
496-24
49905.
503-71
Average weight of bales ..........................
976
THE CHRONICLE.
N e w Y o r k C o t t o n E x c h a n g e — T w e n t y -f if t h a n n u a l
M ee tin g .—The twenty-fifth annual meeting of the New York
[V ol. LX.
J u t e B u t t s , B a g g i n g , & c .— J u te b a g g in g has b e e n in re
stricted d em a n d d u rin g th e w e e k u n d e r re v ie w , b u t prices re
Cotton Exchange was held on Tuesday, May 28. President
Rbd. Siedenburg and Secretary Robinson presented a com m ain as last q u oted , v iz .; 4 ^ c . f o r 1 % lb s,, 4 ^ c . fo r 2 lbs. a n d
bined report, which was in part as follows :
4 ^ c . f o r stan dard grad es in a jo b b in g w a y . C a r-loa d lots o f
In briefly reviewing the events of the past year we feel that we have standard b rand s are q u o te d a t 4J^c. f o r 1 % lb 3., 4 % c . fo r 2
occasion to express to you satisfaction and encouragement at the
result shown. Although the general depression so long prevailing in lbs. a n d 5c. f o r 2J^ lbs. f . o . b. at N e w Y o r k . J u te butts a re
aU branches or trade and finance has continued unabated during the
larger part of the year under review, failures have been few and uu- n o m in a lly u n ch a n g ed a t l ^ c . fo r paper q u a lity an d l ^ c . f o r
iinportant, and the members of the Exchange have eDjoyed a fairly m ix in g and l % c . f o r b a g g in g q u a lity.
satisfactory degree of prosperity.
While the business of the Exchange has undeniably suffered in comS h ip p in g N e w s .— T he e x p o rts o f c o t to n fr o m th e U n ite d
mon with similar organizations, and while the volume of transactions
has been somewhat reduced, it is a matter for congratulation that States th e past w eek , as p e r la te s t m a il retu rn s, h a v e rea ch ed
53,309
bales. S o f a r as th e S ou th ern p orts a re co n ce rn e i , these
during the last few months cotton has to the fullest degree particip• I"® general revival of business, and we may therefore ooafi are th e sa m e e x p o rts rep orted b y telegra p h a n d pu b lish ed in
de ndy express the hope that we have entered upon an era of renewed
the C h r o n ic l e last F rid a y .
W it h reg a rd to N e w Y o r k w e
trade activity and commercial prosperity.
'Happily, with the adjournment of Congress the agitation of Anti- in clu d e th e m a n ifests o f a ll vessels clea red u p t o T h u r s d a y .*
Option legislation has ceased to be a feature detremental to the „
_
„
Total baits.
interests of this and kindred Exchanges, and it is earnestly hoped N
ew Y ork —T o Liverpool, per steamers Cnflo, 3 ,1 8 6 .....
that the advocates of such legislation will recognize the present
Runic, 3,004............................................................................... 6,190
system of trading in products for future 'delivery as a beneficiai and
To Hull, per steamers Francisco, 2,827___Ohio, 4,431....... . 7,2 53
indispensable feature o f business methods in this age of advancement;
To London, per steamer Manitoba, 1 ...............................
1
and that in future all efforts in the direction of adverse legislation
i’o Havre, par steamer La Gasoogne, 555 . . .
....... . . . . . . .
555
will be abandoned. No better evidence could be afforded of the good
To Bremen, per steamers Fulda, 4 7 6 .... Crave, 644............. 1,1 20
results of the present system than the faot that, although through the
To Hamburg, per steamers Amalfi, 45 ..Dania, 2 18..........
2 63
unprecedentedly large yield of the cotton crop of 1891-95 prices
To Antwerp, per steamer Rhyaland, 261.................................
2 61
reached the lowest point since 1848, the decline in values was gradual
To Christiana, per steamer Thlngvalla, 100............................
1 00
and the enormous supply at no time caused a violent break or a New Orleans —To Liverpool, per steamers Louisianian, 7,628
panicky feeling, which would have been inevitable had the old method
....Nicaraguan. 7.343 ........
14,971
o f trading obtained, under which during the free marketing of the
To Havre, per steamer Benrath, 6,503. .........................J „ . ‘ 6,503
crop forced sales for immediate delivery often became a necessity.
To Barcelona, per steamer Catalina, 3,276........................
3,276
The transactions in cotton for future delivery have aggregated Galveston —To Liverpool, per steamer Paulina, 5,®52............... 5,052
32,110,100 bales against 40,962,300 bales last year and 52,450,500 Boston—To Liverpool, per steamers Ottoman, 2,528 upland
bales in 1S93.
and 85 Sea Island...... Philadelphian, 1,133 ... Roman,
Reported sales of spot cotton compared with the two previous sea
2,130 upland and 11 Sea Island ...Soythia, 1,133 ............ 7,020
sons are as follows :
118
Baltimore —To Liverpool, oer steamer Rossmore, 1 1 8 ............
1894-95.
1893-94.
1892-93.
To Rotterdam, per steamer Durango, 100. . . .......... .
....
io o
Philadelphia —To Liverpool, per steamer Pennland, 1 ,0 2 1 .... 1,021
253,753 bales.
295,575 bales.
419,167bales.
During the past year twenty-nine memberships have been trans
T otal................................................................................................. 53,809
ferred and eighteen new members have been admitted. The total
number of memberships outstanding remains at 454.
T h e p a rticu la rs o f th ese sh ip m en ts, a rra n g ed in o u r us a l
The Executive Committee reports that with the exception of fo r m , are as fo llo w s :
»
‘'*ie °. ces
the building are rented, yielding a gross rental
Hull <&
Bremen Rotlero f $58,000, against $66,«18 36 last year. In view of the fact that this
LiverLonHam- dam (ê Ohrist- BareeCommittee had to meet the keen competition of new and attractive
oool.
dm.
burg. Antw'p. iana. Iona.
Havre.
Total.
office buildings erected in the immediate vicinity of the Exchange, the New York. 6,190 7,259
555 1,383
261
100
15.748
careful and conscientious manner in which the members of this Com N. Orleans.
6,503
......... 3,276 24.750
mittee have discharged their duties deserves special acknowledge Galveston.. 14,971
5,052
.....................
5,052
ment on the part of the members of the Exchange.
Boston. ...
......................
7,020
The report of the Finance Committee, as embraced herein, is very Baltimore.. 7,020
118
100
........
........
218
satisfactory, the actual expenditures not having reached the esti Philadel'a.. 1,021
.....................
1,021
......... ....... ........
mates made at the beginning of the year, while the receipts show an
excess as compared with the estimates.
T ota l. . . . 31,372 7,259 7,058 1,383
361
100 3,276 53,809
_
operations of the Inspection Bureau show that from May 1st,
1894, to April 30th, 1895, inclusive, there have been inspected 48,900
Below we add the clearances this week of vessels carrying
bales and certificates have been issued for 49,392 bales. During the cotton from United States ports, bringing our data dow i to
same period there were withdrawn 101,273 bales o f certificated cotton the latest dates:
and 14,319 bales of inspected cotton for which certificates of grade
had not been issued, leaving certificates outstanding on April 30th, G \ lvb 8Ton —To Hamburg—May 25—Steamer White Jacket, 1,004.
1895, on 45,506 bales. .The reclamations upon the Bureau amounted Ne w O rleans —To Liverpool -May 2 5 -Steamer Dalton, 680___May
I® ®E
1,}7
an<* the balance on hand in the guarantee fund is
28 Steamer Orion, 5 ,0 6 4 ....May 31—Steamer Barbadian, 7,6 Lo.
$20,992 89, guaranteeing the grade of 45.506 bales.
To Havre May 25 Steamer Arabian Prince, 150.
<Th® subject of the poor quality of bagging and irregular methods of
To Hamburg May 29 -Steamer Dalaoerbta, 1,522.
packing cotton has been brought to our attention by the New Orleans
To Antwerp—May 25 Steamer Arabian Prince, 750.
and Galveston Exchanges and: has been fully considered by the Board.
To Barcelona -May 29—Steamer Miguel Gallart. 2,380.
As, in our opinion, the insurance companies are the proper parties to
To Genoa—May 28—Steamer Spanish Prince, 3,458.
remedy the evils complained of—inasmuch as they would, by abolish Port Royal —To Liverpool—May 2 8 -Steamer Pontiac, 1 ,4 1 0 .....
ing', them, be more benefitted than anybody else a letter has been
May 30—Steamer Palentino, 3,231.
addressed by this Board to the Board of Underwriters, urgently ad
To Havre—May 28 -Steamer Pontiac, 1,102.
vising the adoption of the rules regarding more careful packing and Norfolk —To Hamburg—May 24—Steamer L imbsrt’ s Point, 2,532.
covering of cotton passed by the above-named Exchanges.
B oston— To Liverpool May 2 3 -Steamer Saohem, 3,546__ May 2 1 Your Exchange was represented at a conference of delegates of the
Steamer Cephalonia, 733 ...M ay 27 -Steamer Angiomau, 1,861
principal eommercial bodies of the United States with the Secretary of
....M a y 28—Steamer Lancastrian, 1,337.
Agriculture, held in Washington on April 15, t-,95. with a view to im B altimore To Liverpool—May 22 -Steamer Ulstermore, 2,210 upland
and 24 Sea Island.
proving the present system of Agricultural Reports. Recommenda
tions in regard to a better service, una> imously adopted by representa
To Havre -M ay 28 Steamer Govloo, 200.
tive members o f the Exchanges dealing in the products of the country,
To Bremen -May 25—Steamer Wittekind, 4,196.
will undoubtedly be adopted by the Department of Agriculture, leadTo Hamburg—May 29 Steamer Italia, 350.
mg to more reliable crop information and statistics than the business P h il a d e l p h ia —To Liverpool—May 2 4 —Steamer Ohio, 617.
world has hitherto been able to obtain from this auth >riry.
Cotton freights the past week have been as follow s:
«i
o
g
m
ì
q
.of, 1Jle O’ atuitv Fund shows assets of
$1 ¿2,380 fO, of which $80.000 is loaned on real estate and $40,230 90
is on deposit with the New York Life Insurance and Trust Comnanv.
Satur.
Mon.
Tues. Wednes. Thurs.
Fri.
Assessments due and unpaid, $43'>. Acorued interest. $1.720. Total
total liabilities, $47,375; assets over liabilities. Liverpool, steam.d
6s*
664
*16
116
116
^IVfvOv«
....
....
referenoei i ° the estimates prepared by the Executive Committee Manchester......d .
251*
25t*
It will be seen that there will probably be a surplus for the coming Havre, asked....e.
25t*
251"
251*
year o f $7,550 from the building a d $ >00 from the Exohange, based
....
....
Do
la ter......e
....
• •mm
upon dues at $50, making the total profit $8,150.
8
*8
*8
*8
In view o f the very favorable condition of the finances the Board Bremen, J une ... d
....
Do
la ter... d.
....
....
....
recommends that the dues for the coming year be fixed at $ 5 0 «n d that
each membership be oredited with the sum of $20 from the earnings Hamburg, steamd
hi
*8
*8
>
H
o f the building.
8
CB
Do
steam.d.
25t
251
251
251
25t
Ams’dam, steam.c.
25t
251
201
201
201
O
E g y p t i a n C o t t o n C r o p . —The report of the Alexandria
Koval, v. Hamb.d.
ft
“ 64
116t
“ 64
“ 64
“ S4
General Produce Association upon the condition and prospects
Do v. H ull...d.
351
35t
351
35t
351
of the new cotton crop at the end of April is as follows :
...
....
....
....
Barcelona.........,d.
Cotton sowing has been earlier this year than in 1894. It commenced
28t
28t
28t
281
281
to February and continued through March and April, and with some G enoa............... d.
few exceptions it is now terminated. The weather was warm and Trieste, June 8 ..d.
“ 64
“ fl4
“ 6t
“ fi4
“ 64
favorable in February and early March, but turned to almost cold in Antwerp, steam.d.
3 *3
332
332
332
3.*2
April. As a result the early sowings of the Southern districts of the Ghent, v. Antw’p.d
*6
*8
%
*8
u6lt3t gained largely by tlie early warmth* and are well forward. But
the late sowings of the end of March and April during the colder
t Cents net per 100 lbs.
* And 5 per oent.
weather were less favorable. These latter form the larger part o f the
Li v e r p o o l .— B y cable from Liverpool we have the follow in S
Lower Egypt crop. The prejudice, however, has not been of import
ance, although re-sowings and replanting have been necessary in some statement of the week’s sales, stocks, &c., at that port:
districts. In general the young plants are now growing well
In the Fayoum and Upper Egypt the sowing was done about the
usual time, and the crops have made a very good start. To sum ud
May 10 May 17. May 24. May 31
the general condition of the crop is up to average, being ten to fifteen
days earlier than last year, when sowing was purposely delayed. It is Sales o f the w eek ........b a les.
46.000
48.000
75.000
56.000
Of which exporters to o k ....
generally reported that the area sown is more than iu 1894 growers
2,690
2,400
1,800
900
Of which speculators to o k ..
being eneouraged to this by the high prices ruling in March and April
3,700
700
1,100
1,000
Several of our correspondents speak of an increase of 5 to LO per oeut Sales American.................
42.000
47.000
54.000
72.000
Actual export.................. .
and in the Fayoum even more. On the other hand, others put the
5,000
7,000
7,000
9,000
quantity as equal to last year.
Forwarded.............................. .
66.000
58.000
66.000
59.000
Total stock—Estimated............ El,680,000 1,681,000 1.675.000 1.642.000
_MIt-Ailfl is the quality that again predominates in Lower Egypt
Of whioh American—Estim’d 1,572,000 1,570,000 1.560.000 1.530.000
The districts which produce white and Binala qualities are being more
and more planted with Mit-Atifl. The trials of Zafiri, Abbassi and Total import o f the w eek ... . . .
75.000
66.000
4t,000
61.000
Of whioh A m e r ic a n ..........
Psycha qualities are of less importance than in 1894. In Upper E^yot
69.000
57.000
36.000
53.000
and Fayoum Ashmuni is still almost the only quality planted. Water Amount afloat...................
118,000 104,000
94.000 104,000
is plentiful and irrigation consequently easy.
Of whioh American.............
110,000
88.000
78.000
75.000
977
THE CHRONICLE.
J une 1, 1895.1
The tone of the Liverpool market for spots and futures ea> h in sympathy with the decline in wheat and under realizing
day of the week ending May 81, and the daily closing pricts sales by longs, prompted by heavy receipts. The spot market
was moderately active but at lower prices. The sales in
of spot cotton, have been as followscluded No. 2 mixed at l ^ c . over July f. o. b. afloat^ steamer
mixed at 57J£c. in elevator and yellow at 58)£@38^c. de
Spot.
Saturday Monday. Tuesday. Wed'day. Thursd'y. Friday.
livered.
Market, ) Harden’s
1:45 P. M. ¡j tendency.
Mid.Upl’ds.
378
8,000
500
Sales. . . . . . .
Spec. & exp.
Quiet.
3%
32732
10,000
5C0
7,000
300
Futures.
Quiet at Stead» «
Market, ) 1-64
@ 2-64 at part’lly
1:45 P. M. j decline. 1-04 deo.
Market, )
4 P. M. J
Firm.
Easier.
Barely
steady.
Quiet.
Quiet.
8mall
Harden’s. Harden’s. inquiry.
327S2
10,000
500
3%
3%
8,000
400
7,000
300
Steady at
Steady at Steady
2-64 ad 1-04 @2-04 partially
vance.
advance. 1-04 deo.
Firm.
Quiet.
Quiet and
steady.
The opening, highest, lowest and dosing prices o f futures
at Liverpool for each day are given below. Prices are cn
the basis o f Uplands, Low Middling clause, unless otherw se
stated:
E3®“ The 'prices are given in pence and 6iths.
3 63-64(7.. and 4 0 1 means 4 1-64d.
S a t., M ay 2 5 .
M on., M ay 2 7 .
Thus: 3 63 means
T u es., M ay 2 8
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
a.
3 56
3 66
3 60
3 67
3 68
8 69
Oct.-Nov.... 8 69
Nov.-Dee... 3 60
Dec.-Jan.. 3 61
Jan.-Feb.... 8 62
Feb.-Mch. 3 63
Mch.- April.
May...........
May-June..
June-July..
July-Aug...
Aug.-Sept..
8ept.-Oct...
8 65
8 56
3 60
3 57
3 68
3 69
3 56
3 00
3 61
3 62
3 63
3 65
3 66
8 60
8 57
3 68
3 69
3 69
3 60
361
3 62
3 63
3 56
3 55
3 56
3 57
3 58
3 59
3 69
3 60
3 61
3 62
8 63
W e d ., M a y 2 9 .
3 63
3 53
3 63
3 51
3 55
3 66
3 57
3 58
3 59
3 59
3 01
3 53
3 53
3 53
3 54
3 56
3 56
3 57
3 58
3 59
3 69
3 61
3 52
3 52
3 52
3 54
3 55
3 55
3 56
3 57
3 58
3 69
3 60
3 52
3 52
3 52
3 54
3 55
3 55
3 56
3 57
3 58
3 59
3 60
T h u r s ., M a y 3 0
3 60
3 50
8 50
3 51
3 52
3 53
3 53
3 54
3 65
3 56
3 57
3 51
3 51
3 51
3 53
3 53
3 54
3 54
3 55
3 58
8 57
3 58
3 50
3 50
3 50
351
3 52
3 53
3 53
3 54
3 55
3 56
3 57
3 51
3 51
3 51
3 52
8 53
3 64
3 54
3 55
3 56
3 67
3 58
F r l ., M a y 3 1 .
Oaen High Low. Clos. Open High Low. Clos. Open High Low. Clos.
d.
d.
d.
d. d.
d.
d.
d.
d.
d.
d.
d.
May-June..
June-July.
July-Aug...
Aug.-Sept..
Sept.-Oct...
Oct.-Nov..
Nov.-Dee...
Dec.-Jan....
Jan.-Feb....
Feb.-Mch.
Mch.-April.
3 52
3 52
3 52
3 53
3 54
3 54
3 55
3 66
3 57
3 68
3 59
8 53
3 53
3 53
3 64
3 58
3 50
8 57
3 68
3 59
3 60
3 61
3 52
8 62
3 62
3 53
3 54
3 54
3 65
3 50
3 57
3 58
3 59
3 63
8 53
3 63
3 54
3 66
3 56
8 57
3 58
3 59
3 60
3 61
3 55
3 55
3 55
3 56
3 67
3 58
3 58
3 59
3 60
3 61
8 62
3 65
3 56
3 55
3 58
8 67
3 58
3 60
3 59
3 60
3 61
3 62
3 65
3 55
3 55
3 56
3 57
3 58
3 58
3 69
3 60
3 61
3 62
3 55
3 55
3 65
3 56
3 67
3 58
3 59
3 59
3 60
3 61
3 62
3 53
8 53
3 53
3 54
3 55
3 56
8 57
3 57
8 58
3 59
360
3 53
3 53
3 53
3 54
3 58
3 56
3 57
3 59
3 58
3 59
3 61
3 53
3 53
3 53
3 54
3 t>5
3 56
3 57
3 57
3 58
3 59
3 60
3 53
3 53
3 53
354
3 55
8 56
3 57
3 57
8 59
3 69
3 00
B R E A D ST U F F S.
Friday , May 31, 1895.
Only a moderate business has been transacted in the market
for wheat flour. Offerings of winter-wheat flour have been
very limited, owing to scarcity, and holders havebeen rather
extreme in their views. Spring-wheat grades have been more
plentiful, but prices have been firmly maintained in sympathy
with the improvement in wheat. Rye flour has been in ex
tremely light supply and prices have ruled strong. Corn
meal has been sparingly offered, owing to small supplies, and
prices have been firm. To-day the market for wheat flour
was dull and easier.
The speculative dealings in the market for wheat futures
have been moderately large and prices have steadily ad
vanced on continued good buying for investment, stimulated
by further reports of crop damage through unfavorable
weather conditions. In the spot market shippers have been
very limited buyers, but prices have advanced with futures.
The sales Wednesday included No. 2 red winter at J^c. over
July, f. o. b. afloat. To-day the market was moderately ac
tive at declining prices under liquidating sales by “ longs,”
prompted by more favorable weather advices from the West.
The spot market was quiet. The sales included No. 1 hard at
about 5 ^ c. over July, f. o. b. afloat; No. 2 red winter quoted
at }£c. over July f. o. b. afloat.
Sat.
80%
8)%
81%
81%
81%
82%
83%
Mon.
80%
8o%
81%
81%
82
82%
83%
Tues.
81%
82%
83%
S3 %
83%
84%
85%
Wed.
81%
81%
82%
8 <%
83%
85%
Thurs.
W
Pi
m
F ri.
80
81
81%
81%
....
83%
Mon.
56%
57%
58%
Thurs. Fri,
....
s<a
S
P
57%
^ 2,
58%
Wed.
577e
58%
59%
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Sat.
32%
May delivery................
Juue delivery......... 0. 32%
33%
July delivery..............
September delivery... .0.
Mon.
32
32%
33
32
Tues.
32%
33%
34
34
Thurs.
Wed.
33%
33%
34
84%
Fri.
323*
33%
33%
The following are closing quotations:
FLOUR.
Pine................. V bbl. $2 50® 2 70 Patent, winter.......... $4 20®$4 35
S u p e r fin e ............. 2 70® 3 10 City mills e x tra s..... 4 20® . . . .
Extra, No. 2 ............... 3 00® 3 25 Rye flour, superfine.. 4 00® 4 50Extra.No. 1 . . . . . . . . . . 3 25® 3 50 Buckwheat flou r..... . . . . ® — •
C le a r s .......... . . . . . . 3 40® 3 80 Corn meal—
Western, &o........ . 2 80® 2 90
Straights. . . . . . . . . . . . . 3 85® 4 35
Brandywine........
3 00
Patent, sp rin g......... 4 40®$4 75
[Wheat flour in saoks sells at prices below those for barrels.]
GRAIN.
Corn, per bush—
0.
West’ u m ix e d ......
87
No. 2 m ixed.........
81%
Western yellow ...
82
Western White___
85
34% Rye—
Western, per bush.
44
State and Jersey..
33%
37% Barley—No. 2 West’n
State 2-rowed.......
State 6 -row ed .....
0.
77 ®
80 9
75 ®
79 ®
32 ®
36 ®
32%®
36%®
W h ea tSpring, per bush..
Red winter No. 2 ..
Red winter........ .
White.....................
Oats—Mixed, per bu.
White......................
No. 2 mixed..........
No. 2 white............
0.
58 ®
57%®
57 ®
57 ®
. ...
....
. ...
....
....
®
®
®
®
®
0.
59
58%
59
59
•••»
....
....
___
..M
The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician o f 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 May 25, 1895,.
and since August 1, for each of the last three vears:
Receipts at—
B arley.
Oats.
B ye.
Com .
W heat.
Flour.
B bls.im bs Rush.QO lbs Bush.56 lbs Bush.32 lbs BushAH lbs B u.56 lbs.
Milwaukee...
Duluth.......
Minneapolis.
Toledo.........
Cleveland....
it. Louis......
Peoria..........
(ansae City.
55.154
40,300
170,712
1,775
4,190
8,230
14,847
10,350
2,020,338
27,950
101,135
186,535
259,851
047,790
162,100
75,472
50,208
168,816
42,600
37,953
34,200
71,000
15,117
22,000
126,200
435,100
2,424,119
411,000
15,603
73,345
36,800
533
2,200
38,269
25,040
234,665
863,100
2,400
3,005
20,929
22,325
........
2,105
438
1,800
21
6,300
48,086
123.004
Tot.wk, ’95.
305,658 1,732,460 2,751,905 4,014,056
48,435
133,521
347,079 1,576584 2,911,389 2.872,061
Same wk,’94.
152,021
82,008
Same wk,’93.
299,754 3,068,266 2,578,865 2,979,942
Sines Aug. 1.
2.410.537
80,290,310
30,724,567
1894-95...... 10,204,471 133,717,017 67,248,405
1893-9A .... 11.245.898 138.012,711 133,771,000 104,230,760 28,028,923 3.176,821
1892-93...... 10.887.348 219.091,8-3 101,880,887 95,027,401 2^,673,681 0.836.340
The receipts of flour and grain at the seaboard ports for the
week ended May 25, 1895, follow :
*
Receipts at—
Flour.
bbls.
Wheat.
bush.
108.839
681,000
79.3i5
185.533
44.690
11,995
Corn.
bush.
401.700
240.105
146,089
87,379
313.913
8,080
14,697
Oats,
bush.
730,400
142,060
41,304
83. '92
52,6 >9
3,323
51,894
Montreal.............
Philadelphia.......
Baltimore........ ...... 06,95)
2.000
Richmond... ...... ..
New Orleans......,.. 13,307
Total week....... 319,597 2,597,902 1.213.043 1,103.917
W60 K io
y i.............
599,014
436,141
, ipv/,uuj
sjo
,axx
.. 381,712 i1,190,605
Week
1894..........
Barley.
bush.
as-
1,200
5,043
1,888
•• e .. .
~
6.243
800
ow
1.888
2,146
w,**«
The total receipts at ports named in last table from Jan. 1
to May 25 compare as follows for four years:
1895.
6.274,768
1894.
7.881.442
1893.
0,931,331
1892.
7,342,161
Wheat..............hush. 12.935 656
13,871.787
C om ................
Barley............. ......... 1,500,159
154,717
Rye................. .
9,903.834
21.705,817
13 32).119
1,753,679
105,792
18.871.331
18.417.003
10.180,243
2.618.056
418,458
39,011,618
56,211,722
19 826.731
2,651,235
2,285,794
42,376,572
51,798,241
56,444,996
120,037,080
Receipts of—
Total grain
The exports from the several seaboard ports for the week
ending May 25, 1895, are shown in the annexed statement:
There has not been much activity to the speculative dealCorn.
Wheat.
ings in the market for Indian corn futures and early in the
bush.
bush.
Esports from—
.. 490 038 518,621
week prices declined under realizing sales by “ longs,”
112,011
prompted by a heavy movement of the crop, but subsequently
17,714
there was a rally in sympathy with the rise in wheat and on
77,142
less favorable crop advices. The spot market has been
345
less active and prices have followed futures. The sales
329.755
Newport News.,..
Wednesday included No. 2 mixed at % c. under July in ele M ontreal.... ...... 227,722 227,370
vator and % c. over July delivered; also steamer mixed at
Total w eek...... ..1.038,463 1,284,095
i y c . over J uly f . o. b. afloat. To-day the market was lower Same time 1894... ..1,455,594 930,769
Tues.
57%
58%
59%
Early in the week the market for oats for future delivery
was weaker under selling by “ longs” to realize profits,
prompted by an increased movement of the crop, but subse
quently unfavorable weather advices from the West and sym
pathy with the improvement in wheat and corn caused an
advance. The spot market has been moderately active.^ The
sales yesterday included No. 2 mixed at 3 3 J^@3 3 J^c. in ele
vator and No. 2 white at 37^0. in elevator. To-day the mar
ket declined under improved weather advices from the Wesfci
The spot market was weaker. Toe sales included No. 2
mixed at 32%c. in elevator and No. 2 white at 37c. in elevator.
Flour...............
D A ILY CLOSING PRICES OP NO. 2 RED W IN TER W H E A T .
May delivery.............
Juñe d elive ry ........
July d e liv e ry ........
August delivery...........0.
September delivery. ...0 .
October delivery. —
December delivery..
D A ILY CLOSING PRICES O F NO. 2 M IXED CORN.
Sat.
May delivery........ .........e. 575a
July delivery.— . . . . .. . o . 583s
September delivery— o. 59
Flour.
hbis.
57.475
33.939
Oats.
bush.
3,437
Rye.
bush.
Peas.
bush.
12,011
27,242
73,45k
2.040
9,733
57,685
910
8,154
25,703
198.599
277,407
25,202
3,437
955
978
THE CHRONICLE.
The destination of these exports for the week and since
Sept. 1, 1894, is as below. W e add the totals for the corres
ponding periods of last year for comparison:
,
«— — Flow .— ----- , --------- Wheat.•------- > ,---------- Corn.--------- .
Exports for
Week Since Sept. Week Since Sept. Week Since Sept
week and since May 25. 1,1891. May 25.
1,1894. May 25.
1,1894.
Sept. 1 to—
hols.
bbls.
bush.
bush.
bush.
bush.
United Kingdom
701.938 24,482,109
Continent........... 382,125 11,882,836
B. A C. America..
2,400
18.366
West Indies......
6,964
©rit, N. A. Col’S..............
2,870
Other countries.
111.743
117,035
37 920
12.160
16,127
15.169
183
6,460,569
944/ 68
967,705
911,192
320.991
27,745
889.160 12.852,299
385.055 5,935.731
551
145,214
8,852
894,871
'..........
73,861
477
30,958
T otal............... 1,086,463 36.454.888 198,699 9.622,270 1,284/95 19.491,934
Total 1894.......... 277,407 10,085,419 1,456,594 39,711,942 986,769 45,260.612
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, May 25, 1895, was as follows:
Wheat,
In store at—
bush.
New York.................. 5,120,000
Do
afloat.......
64,000
Buffalo..................... 1,784,000
Do
afloat......
Chicago................... 19,438,000
Rye,
bush.
Barlev
bush.
60,000
240,000
1,419,000
61,000
P0,000
362/00
44,000
45,000
4,534,000
2,094,000
35,000
279 000
4,000
23.000
17,000
4.000
1,000
Com.
bush.
Oats
bush.
430,000
283,000
411,000
450,000
10,000
628,000
¿55.000
155.000
VO,000
944,000
11,000
648,000
43,000
Montreal................... 261.000
223,000
61,000
41.000
Indianapolis............
205.000
Kansas City.............
Baltimore.................. 5H3.000
Minneapolis............. 12,618,000
12,000
102,000
Cincinnati.................
14.000
95,000
77.000
86,000
171,000
339,000
5,000
728 Ö00
648,000
5.000
1,259,000
75,000
5.000
1.012.000
615,000
Total May 25.1895.54,244,000
Total May 18. 1895.56.484.000
Total May 26.1894.« 1 .3,-<0,000
Total May 27.1893.7O.i57.000
Total May 28.1892.29.448.000
8.978,000
7,566.000
7.648,000
5,628,000
3,696,000
7,390,000
6,833,000
2,847,000
3,342,000
3,175.000
THE
been reported in both sheeting and drills, while brown osnaburgs are also occasionally higher, and heavy sail ducks are
advanced 5 per cent. In bleached cottons prices are firm, with
a moderate business reported. Fitchville 4-4 bleached advanced
J^c. per yard. Wide sheeting quietly firm. Business in colored
cottons irregular. Denims quiet and in some instances barely
steady. Ticks and cheviots firm. Cottonades, plaids, etc,, in
moderate demand at steady prices. Cotton flannels and
blankets firm, with limited sales Kid-finished cambrics,
silesias, percalines, satteens, twills and other finished linings
quiet at previous prices. Stiff linings in reduced demand and
prices generally weak and irregular. Fancy printed fabrics
in light work irregular, with an indifferent demand;
more staple varieties quietly firm. Some business doing in
new dark fancies, but prices not determined upon yet. Dark
dress ginghams in fair request. Staples quietly firm. Print
cloths have been in moderate demand and firm at 2 13-16c.
for extras all week.
1895.
Stock o f Print Oloths—
May 25.
At
Providence,
64
squares
1.00J
At Fall River, 64 squares................... 23,000
33.ÒÒÒ At Fall River, odd sizes.... ................ 69,000
2,000
7,000
12,000
138.0ÒÓ
90,000
81,000
20,000
90,000
199,000
291,000
71.000
181,000
113,000
139,000
On Mississippi River
On Lakes..................
On canal and river...
13,000
7,000
Duluth..................... 10,011,000
Toledo......................
Detroit.....................
8,000
rvoL. l x .
14,000
6.000
1,000
9,000
1,000
10,000
15,000
10,000
137,000
149,000
301,000
660,000
611,000
145,000
183,000
101,000
393,000
371,000
DRY GOODS TRADE.
1894.
May 26.
263,000
451,000 ;
138,000 ;
1893.
May 27.
73,000
8,000
Total stock (p ieces).... ............ 247,000
852,000
81,000
W o o l e n G o o d s .—The supplementary demand for heavy
weight woolens and worsteds for men’s wear has been the
chief contributor to the week’s business, but has been of
moderate volume, the clothing trade showing little disposi
tion to move freely with re* orders. They are largely confin
ing themselves to further purchases of plain staples and do
not appear to have made up their minds as to what direction
popular taste in other fabrics will take. Agents handling
black and blue cheviots, diagonals, & c., are in generally good
position, but fancies in a number of directions have not sold
at all well. Prices are without material change. The de
mand for cotton- warp cassimeres has been irregular and quiet
for satinets, Kentucky jeans and cotton worsteds. Over
coatings have been in somewhat better request for rough
faced varieties. Cloakings quiet throughout; sackings and
mohair mixtures firm in price. The demand for moha rs has
been a feature in the dress goods business for fall, and out
side of these business has been moderate. Both staple and
fancy dress goods are firm in price. Flannels and blankets
have moved quietly with prices well maintained.
F o r e ig n D r y G oods . —Dress goods for fall have been in
quiet request in woolen and worsted makes, but some good
orders have been taken for mohairs of all grades and varie
ties. Silks have been ordered moderately. Both dress goods
and silks in reputable makes are against buyers. Business in
ribbons, laces, hosiery, linens, etc., without particular feature.
Trade in seasonable lines has been irregular and prices are
also irregular.
o r k , F r i d a y , P. M., May 31, 1895.
The market for staple cottons developed no clear feature of
importance during the early part of the week, and the appar
ent demand was moderate on home account. There was,
however, a good business for export, mostly in brown drills,
and rumors of trades in progress with some large home
buyers conducted with considerable secrecy.
Meanwhile
•the market for raw cotton was still advancing, and the effect
o f the combination was seen on Wednesday in the announce
ment of further advances in brown goods made by several 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 G o o d s
leading agents. The holiday yesterday practically made
The importations and warehouse withdrawals of dry goods
an end of business o f any account for the week, and at this port for the week ending May 30, and’ since
there have been no further developments o f the renewed January 1, 1895, and for the corresponding periods of last
upward movement. The advances just referred to cannot year are as follows:
fail, however, to have an effect on the general market during
g
s
H
s.
«
the early part of the coming month, as they appear to dispose
=t© » 3 2 9 ^ 8
effectually of the impre ssion existing in some quarters that with
g g>t; 3-0 5
S p ir is i
H.& m m
the generally indifferent business done during May sellers
pF: frag
IFriag
p
Pu 5
■ ‘ fj; er
S
would be disprsed to accept bids with less reserve in order to
f
j
3
o
ô
secure a larger trade during June. The position of plain sta
hi pr
p
:
m•
Eg*
ples has in fact been growing stronger as the weeks have
0!
e
have passed, leaving the market still poorly supplied with
B
M
•p.
•unsold stocks, and the heavily oversold condition of important
sources of supply daily becoming more evident. In season
©M
C OM
5
able fancy cotton fabrics business has been indifferent and
fcOMWCO
'toV !
CO ffc o COM
*o » n
©©M coco
< ie * 3 < )M M
M M
. . . _.
»
has not yet recovered from the check imposed by late cold
M tO
C O Q ^ IQ O M
to <i co woo
© CO If* CD ©
coìr
weather. In the woolen goods division the market has ruled
©CO
HMMH
quite uneventful.
© M
© 00© 00©
M U>
oo ft
00¿f*t0<l¿-^
Jf*$*
a “
D o m est ic C o t t o n G o o d s .— The exports o f cotton goods
to3
Ü
>
to
if*
if*
C
3
IoVom©Vj
colo
S
from this port for the week ending May 27 were 6,141
coot
Ol to 00 CO CO
<1
if*
M
tO
fcO
M
if* to <1 tfh. PC
on©
packages, valued at *246,112, their destination being to the
g
Ö Ol
points specified in tlm table below:
New Y
1,043
6,911
1895.
1894
Week. Since Jan. 1.
Week. Since Jan. 1
Ma y 27.
G reat Britain........ ............ .
Other European....................
C hina.................................. .
India.......... ............................
Arabia..................................
A frica.....................................
West Indies............................
M exico.......................... ........
Central America...................
South A m erioa ..... . . . . . . . . .
Other Countries..............
Total.................................
China, via Vancouver*,...
287
121
2,755
1,351
90
232
70
236
829
170
6,141
2,566
1,294
19,298
3,067
10,971
3,663
7,510
1,369
4,526
21,526
2,494
51
34
906
200
35
205
20
1,140
54
2,754
1,545
39,881
4,469
8,600
3,294
8,822
756
2,581
17,023
1,277
78,284
7,800
2,645
....
91,002
8,878
Total................................ 6,141
$6,084
* From New England mill points direct.
2,645
99,880
....
00
<|»U
o
4
i M
C»C0t0O«3
O
»© COCotoneo
m ©
©oolobilo
© © M© CO
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COif* ©M«0|f*l^
03 01
MODtoo*»
—©
O*if*© —©
CJltOܻCO00
C0if*C*©©
The value of the New York exports for the year has
been $3,505,113 in 1895 against $4,913,131 in 1894.
o - tO O» M O* ©
M Q0
CJ* © 30 Q l CO
It is difficult to estimate bow much business has been done
o<i <0©CJ»p-t0
in brown goods during the week. There have been some
good sales for export and indications of some large transac
MtCtO*»
O*m'Vtü*©
tions in Southern sheetings and drills put through on the 00 Î 0303
CO **
COco to coot
quiet, but the general demand has again ruled moderate. The CO <0<0 03 00 » 0 3 ©
© **
©locoto'S*
tone of the market is evidently strengthening again for coarser 05
c* toco CO K) CO 0*03
.yarns makes, as a number o f advances of % g. to
have if* Ico — © 0 3 tO 0*03
03
►—
60,559
63,321
62,726
41,264
26,933
to
254,803
40,289
904,335 . 460,774
N ew Y o bk
M
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<o§
THE* CHRONICLE.
JUNE 1, 1895.1
979
A
$TATE
AND
C lT Y
D tfA D T M ^ N T .
T E R M S O F S U B S C R IP T IO N .
T he I nvestors’ Supplement will be furnished
without extra charge to every animal subscriber of the
C ommercial an d F in a n c ia l Chronicle .
E. H. Gay & Go., 100*76; Brewster. Cobb & Estabrook, 100*51.
The securities are dated June 1,1895, interest will be payable
semi-annually on June 1 and December 1 and the principal
will mature at the rate of $4,000 yearly, beginning June 1,
1896.
Caroline County, Md.—Proposals will be received until
June 4, 1895, by George A. Deabyne, County Clerk, for the
purchase of $5,000 of 5 per cent county bonds. The securities
are dated April 1, 1895, interest is payable semi-annually on
April 1 and October 1, and the principal will mature April 1,
1900.
T he State a n d Cit y Supplement will also be fur
Cedar Rapids, Iow a.—It is reported that $50,000 of 4 ^ per
nished without extra charge to every subscriber of the cent 5-10 year refunding school bonds of Cedar Rapids have
been awarded to Farson, Leach & Co. at 101*518.
C hronicle .
T he Street R a il w a y S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle .
T he Quotation Supplement, issued monthly, will
also be furnished without extra charge to every sub
scriber of the Chronicle .
Choteau, County, Montana.—Choteau County bonds num
bered 53 and 54 will be paid on or after June 23, 1895, by John
C. Duff, County Treasurer.
See official advertisem ent elsewhere in this Department.
Columbiana, Ohio.—It is reported that this city has sold
$38,000 of bonds for the construction of water works and an
electric-light plant.
Cuyahoga County, Ohio.—Five per cent 10-year bridge
TERMS for the Chronicle with the four Supple
bonds of this county to the amount of $50,000 have recently
ments above named are Ten Dollars within the United been awarded to E. H. Gay & Co. at 108*291. Thirteen bids
States and Twelve Dollars in Europe, which iu both in all were received for the bonds.
Danvers, Mass.—Proposals will be received until to-day by
oases includes postage.
Terms o f Advertising—(P er inch space.)
O n e t i m e . . . . . . . . . .. . . . . . . . . $3 50 I Tnree Months (13 tim es)..$25 00
One Month
(4 times).. 11 OO Six Months
(26 tim es).. 43 00
ffwo Months
(8 times).. 18 00 |Twelve Months (52 times).. 58 00
iThe above terms for one month and upward are for standing cards.)
T b e p u rp o se o f this S tate a n d City D e p a r tm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City Supplement to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.
A. P. Learoyd, Town Treasurer, for the purchase of $18,500
of 4 per cent school building bonds. The securities will be
dated June 1, 1895, interest will be payable semi-annually in
Boston, and the principal will mature in equal amounts in
from one to twenty years.
Des Moines, la.—City Treasurer C. A. Ryden will pay on
or after July 1, 1895, twelve bonds of the issue known as
second renewed funding and judgment bonds. The securities
called are those numbered from 57 to 68, both inclusive. The
entire issue is subject to call at any time.
An official advertisem ent o f this bond call will be fou n d
elsewhere in this Department.
Dnbnqae, Iow a.—Proposals will be received until June 10,
1895, at the office of the City Recorder, for tbe purchase o f
$200,000 of 4 per cent gold refunding bonds. The securities
will be dated January 1, 1898, interest will be payable semi
annually and the principal will matdre in 20 years, both prin
cipal and interest to be p tyable at the office of the City Treas
urer or iu New York, as the purchaser may desire.
Duqnesne, Pa.—The citizens o f Duquesne will soon vote on
B o n d P r o p o s a ls a n d N e g o tia tio n s .—We have rt- issuing bonds for the construction of water works.
seived through the week the following notices of bonce
El Paso, Texas.—It is reported that bids will be received
recently negotiated and bonds offered and to be offered for until June 21 for the purchase of water-works bonds.
sale.
Elyria, Ohio.—Street improvement bonds of Elyria to the
Aitkin, Minn.—This city will issue 5 per cent electric-light amount of $12,968 were sold on May 27 to Seasongood &
Mayer of Cincinnati. The securities bear interest at the rate
bonds to the amount of $10,000.
of 6 per cent and mature in from one to six years.
Amboy, Minn.—Water-works bonds to the amount of
Fresno, Cal.—J. W . Shanklin, City Clerk, reports to the
$4,000 have been voted.
Chronicle that sealed bids will be received until June 17 for
Ashtabula, Ohio.—It is reported that $33,000 of 5 per cent tbe purchase of $40,000 of sewerage bonds. The securities
bonds of Ashtabula have been sold to Messrs. Seasongood & will be dated July 1, 1895, will bear interest at the rate of
5 per cent, payable semi-annually, and will mature at the rate
Mayer.
of $1,000 yearly from date.
Atlantic City, N. J.—Proposals will be received until June
Fulton, Mo.—Proposals will be received until June 15,
8, 1895, by Emery D. Irelan, City Clerk, for the purchase of
$775,000 of 5 per cent water bonds. Interest will be payable 1895, by John N. Judd, City Clerk, for the purchase of $12,000
semi-annually in gold on June 1 and December 1, and the of 5 per cent electric-light bonds. The securities will be dated
principal will mature iu 30 years. The present debt of the July 1,1895, interest will be payable semi annually on Janu
ary 1 and July 1 at the National Bank of Commerce, St.,
city is about $100,000.
Louis, Mo., acd the principal will mature in 20 years, with an
Austin, Tex.—A call has been made for the payment of al] option of call, in consecutive order, at any time after 5 years.
outstanding 10 per cent bonds of Austin that were due Jan. A sinking fund of 15 cents on the hundred dollars valuation
uary 1, 1895, and interest on same will cease after July 1 has been provided to pay interest and principal at maturity.
1895. The bonds will be paid at the office of J. S. My rick’
The city’s present debt consists of $12,000 of water-works
City Treasurer, with accrued interest to date of presentation’^ bonds; sinking fund, $6,000. The assessed valuation for 1894
was $1,500,000; real valuation, $3,000,000.
Belleville, N. J.—Proposals will be received until June 14,
1895, by Henry W . Underwood, Chairman of Township Com
Hamilton County, Ohio.—East Court Street extension
mittee, for the purchase of $65,000 o f 4 per cent coupon bonds o f Hamilton County to the amount of $42,000 were sold
macadam improvement bonds. The securities will be dated on May 25 to the Citizens’ National Bank for a premium of
July 1, 1895, and will mature July 1,1925, with an option of $900. The securities become due in 20 years. The bids re
call after July 1, 1915. A second proposal will also be re ceived were as follows: Atlas National Bauk, $42,205 and ac
ceived at the same time for the purchase of the above-men crued interest; S. A Kean, Chicago, $42,420 and interest; Ru
tioned bonds, the city to pay off on and after July 1, 1901, dolph Kleybolte & Uo., par and accrued interest and a pre
three of said bonds in each odd year and two in each even mium of $218; German National Bank, $42,215 50 and accrued
year, a final payment of five bonds to be made July 1, 1925. interest; S. Kuhn & Sons, $42,212 50 and interest; Seasongood
Principal and interest will be payable in gold and the bonds 6 Mayer, par and $74 premium, with interest up to date of
will be delivered on or abouti-j uly 1, 1895.
delivery; Market National Bank, $42,642 13 and accrued in
terest; Citizens’ National Bank, $42,900 and accrued interest;
Brockton, Mass.—On May 27,1895, the city of Brockton S. Simon & Co., $42,599 99 and accrued interest; N. W. Har
sold $40,000 of 4 per cent registered school bonds to G. A. ris & Co., Chicago, $42,039 and accrued interest.
Fernald & Co. at 101*61 and accrued interest. Other bids
w ere: Blodget, Merritt & Co., 101*38; N. W . Harris & Co.,
Hinsdale, N. H.—Electric-light bonds of this town to the
101*175; Blake Bros. & Co., 101*173; R. L. Day & Co., 100*816; amount of $10,000 have been voted.
980
THE CHRONICLE.
Holland, Mich.—City Clerk George H. Lipp reports to
the Chronicle that at a meeting of the Common Council of
the city of Holland, Mich., held May 21, 1895, the $18,000
electric-light and water bonds were awarded to Messrs. N. W .
Harris & Co., as per their bid. The bids were as follows:
N. W . Harris & Co., Chicago, 111., $18,523 and interest from
date of bonds to date of delivery of same.
Mason, Lewis & Co., Chicago, 111., $18,365 and interest to
July 1, 1895.
E. H. Gay & Co., Chicago, 111., $18,233 50, interest and fur
nish blank bonds.
Farson, Leach & Co., Chicago, 111,, $18,207 and interest.
C. J. Dekoo, Holland, Mich., $18.180—$12,000 to be deliv
ered and paid for July 1, 1895, and $6,000 to be delivered and
paid for August 1, 1895, and accrued interest.
The Indiana Trust Co., Indianapolis, Ind., par, interest to
date of delivery and a premium of $14 on each bond.
W . J. Hayes & Sons, $18,207 and furnish the blank bonds.
Kings County, N. Y.—Proposals will be received until June
6,1895, by Henry H. Adams, County Treasurer, for the pur
chase of a $250,000 4 per cent registered public building im
provement loan. Interest will be payable semi-annually on
May 1 and November 1, and the principal will mature at the
rate of $25,000 yearly from May 1, 1910, to May 1, 1919.
Mankato, Minn.—The people of Mankato will vote July 9
on issuing $10,000 of bonds for an electric-light plant.
V ol. I X
securities will be dated July 1, 1893, interest will be payable
semi-annually on January 1 and July 1 at the office of the
City Treasurer, and the principal will mature July 1, 1923,
Both principal and interest will be payable in gold.
Further particulars regarding the securities and the re quirements o f the sale will be fou n d in an advertisement else
where in this Department.
Pulaski, Tenn.—It is reported that electric-light bonds of
this city to the amount of $8,000 have recently been dis
posed of.
Riverside, Calif.—An election will be held soon to vote on
issuing $40,000 of electric-light bonds.
Rockville Centre, N. Y.—On May 25,1895, the village o f
Rockville Centre sold $29,500 of 4 per cent water bonds to
L. W . Morrison, of New York, at 100*25 and accrued inter
est. Interest on the loan is payable semi-annually, and
$9,500 of the prjjhcipal will mature January 1,1915, $10,000
January 1, 1920, and $10,000 January 1. 1925, both principal
and interest to be payable at the Bank of Rockville Centre.
Santa Ana, Cal.—Electric-light bonds of Santa Ana to the
amount of $18,000 will probably be issued.
Sharpsburg, Pa.—Five per cent school bonds to the amount
of $8.000 were sold on May 23 to Messrs. Street, Wykes & Co.
Marion, Ala.—Six per cent 30-year water bonds of this for $8,249. Six bids in all were received. The securities m a
town to the amount of $25,000 will probably be offered for ture in from 7 to 14 years.
sale at an early date.
Springfield, Mo.—A vote will be taken June 8 on issuing
Monroe Country, Fla.—Bonds o f this county to the amount $60,000 of bonds for the construction of an electric-light plant.
of $500,000 have been authorized by the Legislature.
Syracuse, N. Y.—Bonds of this city to the amount of $500,Norwood, Mass.—A four per cent water loan to the amount 000 have been authorized for water-works purposes.
of $8,000 was awarded on May 22 to Messrs. Brewster, Cobb
& Estabrook at 104*55. The lowest bid was that of Messrs.
Terre Haute, Ind.—Notice has been given by Charles
Blake Bros. & Co., of Boston, offering 102*27.
Balsh, City Treasurer, that 10-20 year high-school bonds of
Terre Haute will be paid on presentation at the Central Trust
Norwood, Ohio.—A vote taken on the question of issuing Company, New York. Interest on these securities ceased
$30,000 of electric-light bonds resulted in favor of the propo May 20, 1895.
sition.
Thomasville, Oa.—There is a current report to the effect
Painted Post, N. Y.—An election will be held June 10 on that
$150,000 of bonds will probably be issued for water
issuing $20,000 of bonds for a system of water-works.
works, but we are notified by one of the city officials that
Pittsburg, Pa.—It was noted in these columns last week Thomasville does not contemplate the issuance o f bonds for
that $5,625,000 of 4 per cent Pittsburg bonds had been this purpose.
awarded to James Carothers on his bid of 108*72. Since our
Thompsonvllle, Mich.—It is reported that water works
last issue we have received from City Comptroller Gourley bonds
of this municipality to the amount of $3,000 will be
the following full list of the bids made for the bonds:
issued.
Am’ to f bonds Price bid Gross am’ t
Names o f bidders.
bid for.
per $100. o f bid. Premium.
. . . . . . . . ..........
W. R. Thompson & Co....... $625,000 105*01
(Maturing in 1925.)
Freehold Bank....................
500.0 O 108*33
.............................
(Maturing in 1925.)
108*72 $6,115,500 $490,500
James Carothers............. j 5.625.000
3.825.000 108*81
4,161,982 336,982
R. L. Day & Co., Boston___ 3.625.000 105*07
193,927
6.250.000 105*2
6,576,450 326,400
Pittsburg Trust Company ', 4,350,000 105*7
4,492,250 242,250
( 2,000,000 104*81
2,084,200
84,200
Rational Bank West’n Pa.
3.825.000 10514
4,021,605 196,605
Rud. Kley bolte & Co.. Cin.
5.625.000 101*25
5,864,061 239,064
E. P. Rollins & Sons, Boat.
1.600.000 103*39
1,861,020
61,020
J. & W. Seligman, N. Y ...
Third Nat. Bank. Boston. £ 3,825,000 106*9235 4,089,824 264,824
Lee Higginson, Boston... )
Fidelity Title & Trust Co... 3,825,000 107*0895 4,098,173 271,175
Farson. Leach & Co., N. Y . )
N. W. Harris&Co.,Chicago > 5,525,000 104*009 5,850,505 225,505
Kountze Bros. & Co., N. Y. >
105*90
5,957,107 332,107
D rexel& C o....................... \ g 'g lg ’ggo 105*61
5,940,701 315.701
100,000 108*353 Av.................................
($10,000 maturing every three years.)
J 200, OuO 108*037 A,v
............................
Philip F. Kelly.
] ($20,000 maturing every five years.)
200,000 106*171 Av. .............................
[ ($20,000 maturing every three years.)
The bonds are to be issued for the following purposes :
Bridge bonds.................$1,500,000 Publie safety bonds........$500,000
Water bonds.................. 2,noo,oo0 Boulevard bonds............. 500,000
Public park bonds ....... 1,750,0. 0
Of the total amount bonds for $4,250,000 are to be issued
this year—$1,500,000 for bridges, $1,000,000 for water works,
$1,000,000 for public parks, $500,000 for engine houses, etc.,
and $250,000 for boulevard purposes, leaving the remaining
$2,000,000 to be issued not earlier than May 1, 1896. Interest
is payable semi-annually on May 1 and November 1, the secu
rities being subject to the right of the city to redeem one
tenth of the entire issue every three years from May 1, 1895.
Principal and interest are payable by the Pittsburg Trust
Company and the bonds are free from all taxation.
It is reported that the Dupont Powder Company has brought
suit to test the legality of these newly-sold Pittsburg bonds.
Wapakoneta, Ohio.—Six bids were received on May 28 for
the purchase of $5,000 of electric-light bonds of this village,
and the loan was awarded to the First National Bank of
Wapakoneta for $5,020 25.
Winchester, Mass.—Proposals will be received until June
3, 1895, bv Thomas S. Spurr, Town Treasurer, for the pur
chase of $30,000 of 4 per cent sewerage bonds. The securi
ties will be dated June 1, 1895, interest will be payable semi
annually on June 1 and December 1, and the principal will
mature at the rate of $5,000 yearly from December 1, 1917, to
December 1,1922.
STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since
the last publication of our S t a t e an d C i t y S u p p l e m e n t .
Some o f these reports are wholly new and others cover items
of information additional to those given in the S u p p l e m e n t
and of interest to investors.
B ridgeport, Ct.—W . A. Bostwick, Mayor. The figures o f
indebtedness, valuation, etc., as given in the following state
ment have been taken from a special report to the Chronicle
from Bernard Keating, City Auditor.
Bridgeport is in Fairfield County. In 1889-90 the town and
city of Bridgeport were consolidated, the city assuming the
town’s debt.
-Principal—
LOANS,— Interest.— .
When Due.
Outstandfg.
NAME AND PURPOSE.
Bate. Payable.
City funding b on d s...1873 7 J
&J
July 1, 1900
$150,000
& J
Municipal bonds........ 1878 5 J
July 1, 1908
150,000
do
do ..........1885 3*2 J & J
July 1, 1915
125,000
Corporate bonds........ 1889 4 J
& J
July 1, 1919
400,000
City bonds..................1894 4
............
1924
500,000
Court-House (town bonds). 4 ^ J & J
July 1, 1910
150,000
Subject to call after July 1,1900.
Porter County, Ind.—A call has been made for the pay
do
do
. 4
J & J
June 1, 1918
150,000
Subject to call after June 1,1903.
ment of bonds known as new court house bonds of Porter
County and numbered 83, 34, 35, 36, 37 and 38. They will be
TOTAL DEBT, Et c .—Tbe bonded debt on April 1, 1895, was
paid at the Farmers’ National Bank of Valparaiso, Ind , on $1,625,000; floating debt, $14,500; total debt, $1,639,500; sinking
July 1, 1895, on and after which date interest will cease.
fund and cash, $224,044; net debt, $1,415,456. The total city and
town debt on October 1,1893, was $1,469,600, against $1,705,008 in
Portland, Ore.—Proposals will be received until June 18, 1892. The floating debt included in the total in 1892 was $405,008.
1895, by Frank T. Dodge, Clerk of the Water Committee, for the
CITY PROPERTY .—The city owns property (parks, buildings, ete.>
purchase of $200,000 of 5 per cent Portland water bonds. The which it values at $1,108,780.
«Tu
n e
981
THE CHRONICLE
1, 1895. J
DEBT LIMITATION.—The city’s charter provides that the city debt
cannot be increased except by issue of bonds authorized by the Legis
lature o f the State. There can be no increase of debt by tem
porary loans. The city is obliged to live within its income, except when
an issue of bonds may be necessary for some special purpose and is
authorized as above.
ASSESSED VALUATION.—The city’s assessed valuation has been
as follows:
T O T A L G R A N D L IST .
Years.
1887...............................$16,110,855
1880............................. 11,626,267
1870.................
12,139,873
1860....................
7,988,442
Tears.
1894...............................$56,623,579
1893...........
54,301,107
1892............................. 25,522,181
1891..............
24,881,585
1890............................ 24,012,457
TAX RATE (per $1,000) in 189495 was $11-00.
T o w n o f H a r t fo r d D ebt :
Consolidated bonds*.1889 3
J & J
July 1, 1909
Jan. 1, 1905 >
10-25 bonds............. 1880 4*a J & J
Subject to caU at any time. 5
Town n o te s ................
4 to 6 ....
On demand.
* Non-taxable.
PAR VALUE.—The city’ s bonds are all for $1,000 each.
INTEREST on all of the city bonds is payable at the city treasury;
on the town bonds at the town treasury.
T O T A L DEBT, Et c .—The subjoined statement shows Hartford’ s
total municipal debt, the sinking fund held by the city against the
same, and the water debt, on'the first of April, 1895,1894 and 1893;
also the town’s debt and sinking fund on October 1,1894,1893 and
1892.
Apr. 1, ’95.
Apr. 1, ’94.
Apr. 1, ’93.
$2,260,000
Total debt (including water).. .$2,285,000
$2,060,844
359,563
336,453
Assets (see below).....................
397,511
PO PULATION.—In 1890 population was 48,856; in 1880 it was
27,643 (including town, 29,148); in 1870 it was 18,969. The estimated
population in 1895 is 58,000.
Hartford, Ct.—Leverett Brainerd, Mayor. Below we give
the statement of the financial condition of the city of Hart
ford as corrected to April 1, 1895, by means of the report of
C. O. Strong, City and Town Treasurer.
The town and city of Hartford, in the county of the same
name, although identical in area, have separate governments
and separate debts. The debts of both are given below.
C it y o f H art fo r d D e b t :
Capitol bonds........ ..1872
Funding bonds----- ..1893
Water..................... ..1874
do ..................... ..1892
do ..................... ..1881
do ..................... ..1893
do (Reservoir). ..1893
6
4
6
5
5
4g.
4
J
J
F
J
J
J
J
&
&
&
&
&
&
&
J
J
A
J
J
J
J
Jan.
July
Aug.
July
July
July
July
1,
1,
1,
1,
1,
1,
1,
1897
1918
1899
1900
1906
1918
1918
$1,000,00C
290,000
202,000
48,000
45,000
475,000
200,000
Net city debton April 1....$1,887,489
970,000
Water debt included above*___
25,000
Temporary loans included.......
Oct. 1 ’ 94.
Total town debt (additional).. .$ l,i5 4 ,9 8 i
Assets....................................
224,846
$1,900,437
970,000
Oct. 1, ’93.
$1,105,581
155,502
$1,724,391
770,000
289,844
Oct. 1, ’92.
$1,245,581
247,212
Net town debt on October 1 $930,135
$950,079
$998,369
* The water department is self-sustaining, raising from water rents
from $25,000 to $40,000 each year above interest on its bonds and all
expenses, except when new reservoirs are under construction.
The city’ s assets as given above for 1895 include sinking fund
proper $309,623; other assets, $87,888.
ASSESSED VALUATION.—The oity’s assessed valuation and tax
rate have been as follow s:
Years.
Beal Estate. Personal Property.
Total.
Tax Bate.
..................
$51,334,565
..........
1894.................................
1893............ $35,256,847
$15,453,465
50,710,312
1892.................................
..................
48,881,080
$10*75
16,629,086
47,225,324
20*50
1890............ 30,596,238
1889............ 30,171,885
16,048,479
46,220,364
20*50
1888............. 27,847,349
19,500,122
47,347,471
20*50
POPULATION.—In 1890 the population of Hartford was 53,230;
in 1880 it was 42,553; in 1870 it was 37,743.
N E W LOANS.
N E W LOANS.
N E W LOANS,
750,000
o«>n non
*5eu»u w
84,981
$ 5 0 ,0 0 0
$ 2 0 0 ,0 0 0
City of Portland, Ore., New York Savings Bank Monroe County, Wis.,
FIVE PER C E N T
S Per Cent Water Works Bonds.
Of f ic e
of
)
T h e W a t e r C o m m it t e e o f t h e Ci t y o f __ >
P o r t l a n d , O r e ., May 21,1895.)
Sealed proposals will be received at this office
until Tuesday, JuDe 18, 1895, at 3 P. M., for the
whole or any part of two hundred thousand dollars
(8200,000) o f the bonds o f said city, in denomina
tions o f one thousand dollars (Jl,00n) each, dated
July 1st, 1893, payable thirty (SO) years from date,
and bearing interest at the rate of live (5) per cent
p r annum, payable on the first days o f January and
July o f each year. P r in c ip a l a n d in t e r e s t
payable in U. S . G old Coin at the office o f the
treasurer o f said city, said bonds to be paid for and
delivered to the purchaser on the first day of July
1895.
These bonds are issued under authority of an act
o f the legislative assembly o f Oregon, passed Feb
ruary 16.1893, the proceeds to be used for the con
struction o f water works, and will be delivered with
coupons attached for interest from July 1,1895.
The successful bidder will be required to deposit
within forty-eight hours after the award of the con
tract an approved certified check for 5 per cent of
the par value o f the amount o f bonds bid for, paya
ble at Portland, Oregon, to the order o f the Clerk of
the Water Committee o f the City o f Portland, Ore
gon, as liquidated damages in case the bidder should
fall or neglect to take and pay for the bonds accord
ing to the terms o f the proposal and the contract.
The right to reject any or all bids is reserved.
The sealed envelopes containing proposals should
be addressed to the undersigned, and marked
“ Proposals for Purchase of Water Bonds.”
By order o f the Water Committee,
FRANK T. DODGE,
Clerk of the Water Committee.
Court-House Bonds.
IN V E S TM E N TS .
Sp a r t a , W is ., May 2d, 1895.
Bids will be received until July 1st, 1895, at 1
8}£s o’clock p. m., by George P. Stevens, County Treas
State of Massachusetts Gold
urer o f Monroe County, Wisconsin, for tbe pur
City of Providence Gold
4s chase of Fifty Thousand Dollars (850,000) o f
City of Providence Gold
The bonds will be dated July 15th, 1895. Five per
5s cent
annual interest will be payable at the office o f
the said County Treasurer at Sparta, Wisconsin.
4s The first payment of interest will be from date of
Monroe County Court-House Bonds.
City of Cambridge
City of Cleveland
•
4s
City of Cleveland
•
6s
City of Minneapolis
• 4}¿s
BANKERS,
72 B R O A D W A Y , S E W
YORK.
City, County and First Mortgage
Railroad Bonds.
L IS T S
M A IL E D .
BOND CA LL.
FO R SALE B Y
Blodget, M erritt & Co.,
16 CONGRESS S T R E E T ,
ROSTON.
$ 1 1 ,0 0 0
Village o f College Point, N. T .
C. H. W hite & Co.,
ssue to March 1st, 1896.
The principal of the bonds will mature at the
rate of Five Thousand dollars (85,000) annually on
March 1st, 1890, to 1905, both inclusive. A special r
tax is provided for to pay the Interest and principal
as the same shall become due.
GEORGE P. STEVENS, Co. Treasurer.
Water Bonds.
COUNCIL BLUFFS, IOW A.
City Treasurer’s Notice.
To Robert Fulton Cutting, Nassau Street, New
York City, N. Y., and to the present owners and
holders o f the following Bonds. Notice is hereby
given that the fallowing City Improvement Bonds
amounting to 810,000, issued June 1st, 1884, num
bered from 1 to 80 inclusive, denomination of 8500,
running twenty years or optional auy time after ten
years, wi l be paid June lsr, 189-S by presenting the
same to the National Park Bank. New York City»
and that the interest will c e a s e upon the same at
that d a te
J- Acu. yG O
RHAM,
that date.
Treasurer.
~
..
-r__
BOND CALL.
The Board of Trustees of the village of College
Point, N. Y., hereby invite bids for the whole or
- O
any part of eleven fi,0H)— wenty-year four per
cent water bonds of said village, as authorized by
Chapter 883 of the laws o f the State of New York of
1893. Bids are invited and will be received by the
Trustees of the village, at their rooms in PoppenOFnOKOFTHBTBB^^O.OHOTBA0CO^MOKT.J
hausen Institute, College Point, N. Y., up to 2
o ’clock, P. M., June 3d, 1895, when and where all
bids will be opened. All proposals must be accom
On the 23d day of June, 1895,1 will pay the fol
panied by a certified check drawn to the order of
F. R. Clair, Esq., Village Treasurer, for five per cent lowing-numbered Choteau County Bonds, to w it:
Io f the amount bid, tbe balance to be paid by the No. Fifty-Three and No. Fifty-Four (Nos. 63 & 64).
successful bidder on or before 12 o’clock J une 28th,
1895, at 'b e Ninth National Bank, 407 Broadway, Interest on same will cease on and after said date.
JNO. C. DUFF,
New York, when and where ihe bonds will be deliv
ered. The Board reserves the right to reject any or
Treasurer of Choteau County, Montana.
all bids.
Choteau County, Mont.
982
THE CHRONICLE.
Medford, Mass.—Barter E. Perry, Mayor ; Parker R. Litch
field, Treasurer.
The following statement has been cor
rected by means of an official report for the year ending
February 1, 1895.
*
/----Interest.■--„ ,-----------Principal,—-------- >
NAME AND PURPOSE.
P. 1Ct. Payable.
When Due. Outstand'g,
Play-ground bonds___1894 4
$7,000
J <fc J
July 1, 1904
do
do ___ 1894 4
14,000
J & D
Dec. 1, 1914
Public building bonds .1893 4
45,000
J & J
July 1, 1913
do
do .1894 4
56,000
M &. N
Nov. 1, 1914
Sewer bonds................. 1894 4
20,000
July 1, 1905
J & J
do
................. 1894 4
10,000
A <fe ()
Oct. 1, 1905
do
................. 1894 4
12,000
July 1, 1906
J & J
................. 1894 4
10,000
do
A & O
Oct. 1, 1906
do
................. 1894 4
12,000
July 1, 1907
J & J
do
.......................... 4
July 1, 1915
10,000
J & J
do
................. 1894 4
10,000
Oct. 1, 1915
A & ()
do
.......................... 4
July 1, 1924
10,000
J & J
................. 1894 4
10,000
do
A & 0
Oct. 1, 1924
W ater works___. .1890. c
July 1, 1900
75,000
4
J & J
125,000
July 1, 1910
do
............. 1890. o 4
J & J
July 1 , ’99 t o ’16 72,000
do
..............1894.. 4
J & J
($4,000 due yearly.)
do
............. 1894.. 4
A <fc O
Oct. 1, 1914
25,000
............. 1894.. 4
do
A & 0
Oct. 1, 1919
25.000
do
Dec. 1, 1922
............. 1894.. 4
J & D
45.000
68,000
Unfunded debt. .1890-1-2-4 3U&4 ..
1895-1898
Perpetual
14,609
Permanent debt.................. 6
. Perpetual
15,472
Perpetual care fund............
There is also a fund known as the Bradbury Fund, amounting to
$11,252. This is invested in the Medford Savings Bank and is not
included in estimating the city’s indebtedness.
LOANS—
INTEREST—WHERE PAYABLE.—The bonds and interest on
same are payable at the Howard National Bank of Boston. All notes
and interest on same are paid by City Treasury.
TOTAL DEBT, ETC.—The city’s bonded debt on February 1,1895,
was $593,000; floating debt, $68,000; permanent debt, $30,082.
On March 1, 1894. the total debt was $430,592; sinking funds,
$50,000; net debt, $380,592. The water debt (included) was $322,000.
ASSESSED VALUATION and tax rate have been as follows.
Property is assessed at about market value.
N E W LOANS.
M U N IC IP A L
BONDS
FOR INVESTMENT. #
,--------------- Assessed Valuation.----------- —, Rate o f Tax
Tears—
Real.
Personal.
Total.
per $1,000
$2,296,300
$15,289,350
<fcli-80
1894.................. $12,993,050
1893.................. 12.179,575
2,725,000
14,904,575
15-80
1892...................................................................
11,241,080
14-80
1891..................
8,525,100
1,984,165
10,509,265
14-60
P O P U L A T IO N —In 1890 population was 11,079; In 1880 It was
7,573 ; in 1870 it was 5,717.
Bay City, Mich.—Hamilton M. Wright, Mayor; William
Keith, Comptroller. This statement regarding the finances
of Bay City has been corrected to June 1,1895.
Bay City is in Bay County. The debt was principally in
curred for water, but the water revenue does not fully meet
the interest on the water bonds. A consolidation with West
Bay City was authorized in 1891.
LOANS—
When Due.
LOANS—
When Due.
City H all B onds—
Waterworks B onds—
5s, M&N, $25,000... .May 1,1909 8s, A&O, $ 6 0 ,0 0 0 ....Oct. 15,18954s, J&D, 25,000... .June 1,1907
($20,000 due yearly) to 1897
4s, J&D, 25,000... .June 1, 1912 8s, A&O, $ 1 8 ,0 0 0 ....Oct. 15,1898
4s, J&D, 2 5 ,0 0 0 ....June 1,1922 8s, F&A, 1 0 ,0 0 0 ....Feb. 16,1899
B ridge B onds—
8s, M&S, 8 0 ,0 0 0 ....Mar. 1,1900
5s, M&S, $25,000...... Sept. 1,1920 ($20,000 due yea’ly to Mar. 1,1903
4s, J&J, 48,000...... July 1,1904 8s, F&A, $19,000....F eb. 16,1904
($12,000 every five years) to 1919 8s. F&A, 8 0 ,0 0 0 ....Feb. 16,1905
Local I mprovement B onds—
($10,000 due yea’ly)to Feb.16,1912
5s, ... ...,$ 1 2 ,0 0 0 .. ..Sept. 1,1895 8s, A&O, $ 2 0 ,0 0 0 ....Apr 15,1913
5s, ... . .., 27,500.. . -Aug. 1,1896 5s, M&N, 25,000___May 1,1906
5s, ... . .., 29,500.. . .Aug. 1,1897 5s,M&N, 2 5 ,0 0 0 ....May 1,1911
5s, ... . ... 26,500.. . .Aug. 1,1898 5s, M&N, 12,500... .May 1 , 191T
5s, ... . .., 10,000.. . .Aug. 1,1899 5s, M&N, 12,500... .May 1,1918
INTEREST on the 8 per cent water bonds is payable at the City
Treasury; on all other bonds at New York City.
TOTAL DEBT, ETC.—Total bonded debt June 1,1895, $640,500;
sinking fund assets, $48,000; net debt, $592,500; water debt, included'
in total debt, $362,000. The city has no floating debt.
ASSESSED VALUATION.—In 1894 the assessed valuation (which
is 70 per cent of actual value) of real estate was $8,457,355; per
sonal property, $2,542,613; total, $10,999,968; total tax rate (per
$1,000), $23-22. In 1890 the assessed valuation of real estate was
$7,827,775; of personal property, $2,407,330; total, $10,235,005.
POPULATION.—The population in 1890 was 27,839; in 1880,.
20,693. Population in 1894, 30,043.
N E W LOANS.
S o u th D a k o ta , 1 0 -y e a r
C h ic a g o , 2 0 -y e a r
M ilw a u k e e , lO ^ -y e a r
B o s t o n , 3 0 -y e a r
«
G le n s F a lls , 1 5 1 -2 * y e a r
N e w to n . 2 0 -y e a r
.
N E W LOANS.
-
-
4*28
-
•
.
-
.
.
4s
5s
4s
4s
4s
Street Railway 20-Year Gold 6s
D E T A IL S
ON
REQUEST
N. W. HARRIS
8g
o
p
Medford is in Middlesex County.
[VOL. LX.
BANKERS,
A R T IC U L A K S
U PO N
A P P L IC A T IO N .
1g W A L L ST R E E T ,
NEW Y O R K .
N E W LOAN.
I4KMBL TS OF THE NEW YORK AND BOSTON
STOCK EXCHANGBS.
DBALBRS IN COMMBRCIAL PAP BR.
38
g
STATE
N ASSAU
STREET,
S T .,
BOSTON,
NEW
YORK.
City o f Schenectady, N. Y.,
PRICE AND FURTHER PARTICULARS UPON
APPLICATION.
Farson, Leach & Co.,
2 W A L L S T R E E T , NT. Y .
B O N D S.
8 2 0 0 ,0 0 0
County of Monroe, N. Y., Court
House, 3 % per cent.
Average time to run 14J4 years.
Legal fo r New York Savings Banks.
Price and Particulars upon Application to
C. H. Van Buren & Co.,
BAN K ER S AND BR O K ER S,
60 B R O A D W A Y , M EW Y O R K .
M U N IC IP A L BONDS.
NO IN CO M E T A X .
The securities offered by this Company are
selected with great care, and are flrst-olass
investments for individual buyers, legatees,
trustees, banks and savings banks. More than
have been sold by us In the last three years.
Send for our list of bonds and make use of ou r
experience.
German-American
Investment Co.,
g 3 W A L L S T .. N E W Y O R K .________
8100,000
Greenwich, Conn.,
County and City Bonds
4 Per Cent Bonds,
EXEMPT FROM INCOME TAX
DUB 1915.
by late decision of the Supreme Court of the
United States.
Our complete facilities afford the choicest
selections in
Street, Wykes & Co.,
MUNICIPAL SECURITIES
offering the lowest debt rate together with the
largest population obtainable.
Correspondence respectfully Invited.
W h a n n & S c h l e s i n g e r , Rudolph Kleybolte 8b Co.,
BANKERS,
3 W a l l S tr e e t, N e w Y o r k .
has ever occurred in a security sold by this
Company.
FIFTY CLASSES OF BONDS
Registered Water 4s.
Blake Brothers & Co.,
NO DEFAULT OF
PRINCIPAL OR IN TER EST
IN V E S T M E N T B A N K E R S ,
___________CINCINNATI. O.__________
B O N D CALL.
THE
C IT Y
TREASURER
OF DES
M O I N E S , I O W A , will pay the following Bonds
o f said city on or after July 1st, 1895: Second
Renewed Funding and Judgment Bonds, 1Z Bonds,
Nos. 57 to 68, both inclusive
Dks Moines , Ia „ May 24, 1895.
C. A. RYDEN, City Treasurer.
44 W A L L STREET.
-
NEW Y O R K .
High-Grade
C IT Y , CO U N TY AN D S T A T E
BONDS,
Netting 4 to 7 Per Cent Interest.
We make a specialty o f High-Class Securities
suitable for permanent investment.
Correspondence solicited.
SPRAIN, DICKINSON & CO., Bankers»
_____________________ 10 Wall 8treet, New York.
W
A f i P A TVT'FQ SELECTED WA8H¥ f XX XV XV i l . IN I O IN G T O N STATE
COUNTY, CITY AND SCHOOL.
J N O . P . D O R R <Sc C O ., S e a t tle , W e e k .
June
THE CHRONICLE.
1,1885
FINANCIAL,
W . N. Coler & Co.,
ix
------------------------------ ?
CHICAGO.
Loeb
&
%usnxvmt&. »
Gatzert,
MORTGAGE BANKERS,
125 L A S A L L E S T R E E T ,
BANKERS.
M U N ICIPAL BONDS
O F F IC E
OF
THE
C H IC A G O
First Mortgages for sale in large and small amonnti
netting investors 6, {% and 6 per cent, secured b j
Improved and income-bearing Chicago city property.
P rin c ip a l and In te r e s t p a y a b le In G o ld .
A TLA N TIC M U TU A L
CORRESPONDENCE SOLICITED.
34 NASSAU STREET
A. o . SLAUGHTER, Member N. Y. Stock Exchange
WM. V. BAKER, Member Chicago Stock Exchange
W . J. Hayes & Sons,
A.. O. Slaughter & Co.,
BANKERS,
RANKERS,
Dealers in M U NICIP AL BONDS,
1 1 5 -1 1 7 L A S A L L E S T R E E T ,
Street Railway Bonds, and other high grade in
vestments
BOSTON, MASS.,
C le v e la n d , O h io,
Exchange Plaoe.
3 1 1 - 3 1 3 S u p e rio r S t.
CabU Address. “KENNETH.”
The Texas Land & Mortgage
Company, Ltd.
C A P IT A L ,
.
.
.
$ 2 .5 0 0 ,0 0 0
This Company is prepared to undertake the col
lection o f loans and interest in Texas and to report
upon foreclosed and other properties. Apply to
C H IC A G O , IL L S .
C h icago S e c u ritie s B o u gh t a n d S o ld .
CITY, MASON, LEWIS & CO., Bankert
C O U N TY
171 LA8ALLE 8TREET,
SCHOOL b e n d f o r l i s t s .
CHICAGO
A. G. Becker & Co.,
C. E. W E L L E S L E Y ,
P. O. Drawer M. M.,
D a lla s, T e x a s ,
Or to the Office in England, 2 Suffolk l.ane, London.
M O R TG AG E LOANS
IN
T E XAS.
T P e r C en t an d S P e r C ent N e t.
(INCORPORATED)
C O M M E R C IA L PAPER
154 La Salle S t, Chicago. 111.
Jamieson & Co.,
S T O C K S —B O N U S ,
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS S M I T H & CO .,
Members New York and Chicago Stock Exchange!
187
S A N A N T O N IO . T E X A S .
M U N IC IP A L
AND
R A IL R O A D
BO N D S
A n d a ll L o c a l S e c u ritie s B o u g h t and S o ld .
N EW Y O R K , B R O O K L Y N AND J E R
SEY C I T Y B ON D S A S P E C IA L T Y .
W. E. R. SMITH,
16 BROAD STREET,
-
NEW Y O R K .
Long distance Telephone :
Cable Address :
“ XU GORTLANDZ.”
“ RUDERATION, N. Y „
Haight & Freese,
Bankers & Commission Stock Brokers,
53
BROADW AY,
NEW
YO RK .
S T O C K S , B O N O S A N D G R A IN
Bought and Sold at 1-16 Commission.
S p oe lal a tte n tio n given to o u t-o f-to w n ae
counts.
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
YIELDING AN INCOME
4%
TO 6 %
BONDS
DEARBORN
Private wire to New York and Philadelphia.
1850.
1895.
The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
This old and reliable Company now has the exper
ience o f forty-five years of practical Life Insurance,
which has taught it that the sine qua non of success
is the adoption of good plans of insurance, and the
pursuit o f a liberal policy towards Doth its Insured
and its Agents. These essentials it possesses In an
eminent degree, but judiciously tempered by that
conservatism which is the best possible safeguard of
the policy-holder. Its contracts are incontestable
after two years. They are non-forfeiting, providing
generally for either paid-up policy or extended In
surance, at the option of the polioy-holder. It gives
ten days o f grace in payment of all premiums. Its
course during the past forty-five years abundantly
demonstrates its absolute security.
A ctive and, su ccessfu l A gen ts, w ishing to rep
resen t th is Com pany, m ay com m unicate
w ith th e P resid en t at the H om e Office,
2 6 1 B roadw ay, New Y ork.
INVESTMENT BONDS.
A Mounts o f Banks, Bankers and Individuals
received on favorable terms.
NATIONAL BANK REFERENCES FURNISHED
Uptown Office, 1132 Broadway.
H O L M E S & C O.,
61
BROADW AY,
-
-
NEW Y O R K .
BANKERS AND BROKERS.
Members o f the N. Y. Stock'iExchange.
STREET,
C h ic a g o , I l l s .
OFFICERS:
G E O R G E H . B U R F O R D ................ P resid ent
C. P. FRALEIGH.......... ..............................Secretary
A. WHEELWRIGHT................ Assistant Secretary
WM. T. STAND EN...................................... Actuary
ARTHUR C. PERRY..................................... Cashier
JOHN P. MUNN............................. Medical Director
FINANCE COMMITTEE:
GEO. G. WILLIAMS............. Pres. Chem. Nat. Bank
JOHN J. TUCKER..........................................Bunder
E. H. PERKINS, JR,, Pres. Imp. & Traders’ Nat. B’t
JAMES R. PLUM.......................................... Leathe
Bliss, Fabyan & Co.,
M E W Y O R K , B O S T O N ,P H I L A D E L P H I A .
SELLING AGENTS FOR LEADING BRANDS
BROW N
and B L E A C H E D S H I R T I N G S
an d S H E E T IN G S .
PR IN T S, DEN IM S, TICK S, D U C K S, AO.
T o w e l* , Q n llta , W h it e G o o d * an d H o * l* r y .
D rills, Sheetings, die., for Export Trade.
R . T. Wilson & Co.,
HANKERS »AND "COMMISSION MERCHANTS
W a l l s t r e e t , N ew Y o r k .
N ew Y o r k , January 22,1895.
The Trustees, in conformity with the Charter
o-f the Company, submit the following state
ment of its affairs on the 31st of December*
1894.
Premiums on Marine Risks from
1st January, 1894, to 31st
December, 1894....................... $2,760,920 6 2
Premiums on Policies not
marked off 1st January, 1894 1,106,515 77
O
■■—
Total Marine Premiums........ $3,867,436 39’
Premiums marked off from 1st
January, 1894, to 31st Decem
ber, 1894...........................
$2,840,284 9 »
Losses paid during the
same period....................$1,411,292 89
Returns of Premiums
and Expenses............$624,154 64
The Company has the following assets, vi&t
United States and City of New
York Stock: City Banks and
other Stocks............................. $8,247,455 OG
Loans secured by Stocks and
otherw ise.................................. 1,043,500 00Real Estate and Claims due the
Company, estimated at............ 1,009,845 30
Premium Notes and Bills Re
c e iv a b le ...................................
855,69314
Cash in Bank............................... $ 184,238 44
Am ount.................................. $11,340,731 88
SIX PER CENT INTEREST on the outstand
ing certificates of profits will be paid to the
holders thereof or their legal representative©
on and after Tuesday, the fifth of February
next.
FIFTY PER CENT o f the outstanding certifi
cates o f the issue of 1890 will he redeemed and
paid to the holders thereof, or their legal rep
resentatives, on and after Tuesday, the fifth o f
February next, from which date interest on
the amount so redeemable will cease. Th©
certificates to be produced at the time o f pay
ment and canceled to the extent paid.
A DIVIDEND OF FORTY PER CENT 1»
declared on the net earned premiums o f the
Company for the year ending 31st December,
1894, for which certificates w ill be issued on
and after Tuesday, the seventh o f May next.
B y order o f the Board,
JT. H . C H A P M A N , S e c r e t a r y »
TRUSTEES î
SECURE BANK VAULTS.
Investment Stocks & Bonds, drain, Cotton,
and all securities that are dealt iu on the
New York. Chicago, Philadelphia or
Boston Stock Exchanges, bought
and sold for cash or car
ried on margin.
Branch Office: 35 Congress Street, Boston,!Mass.
IN S U R A N C E CO.
G E N U IN E
WELDED CHROME STEEL AND IRON
Round and Flat Bars and 5-ply Plates and Angles
FOR SAFES. VAULTS, Ac.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.
CHROME
STEEL
W ORKS,
Kent Ave., Keap & Hooper Sts.,
8ole Man’Pars In the U. 8.
BRO O KLYN . N. Y .
We receive accounts on favorable terms.
We allow Interest on deposits.
We make collections at all points.
We draw our own bills of exchange.
We transfer money to all parts of the world
We buy and sell bonds and stocks.
We Issue letters o f credit.
We furnish a daily market letter free.
C H A R L E S A. B ALD W IN * CO..
4 0 - 4 2 W a l l S tr e e t,
-
-
NEW YO R K
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
James G. De Forest,
William DeGroot,
William H. Webb,
Horace Gray,
Charles P. Burdett,
Henry E. Hawley,
William E. Dodge,
George Bliss,
John L. Riker,
C. A. Hand,
John D. Hewlett,
Gustav Amsinok,
N. Denton Smith,
•
Charles H. Marshall,
Charles D. Leverich,
Edward Floyd-Jones,
George H. Macy,
Lawrence Turnure,
Waldron P. Brown.
Anson W. Hard,
Isaac Bell,
Joseph Agostini,
Vernon H. Brown,
Christian de Thomsen
Leander N. Lovell, „
Everett Frazar,
William B. Boulton,
George W. Quintara,
Paul L. Thebaud,
John B. Woodward,
George Coppell.
J. D. JONES, President,
•
w. H. H. MOORE, Vice-President
A . A. BAVEN, 2d Vice-President
THE CHRONICLE
X
W OODW ARD
& STILLM AN , IN M AN , SW AN N & Co
MERCHANTS
OOTTON MERCHANTS,
16 to 22 WILLIAM STR EET,
N ew Y o rk .
YOR K.
LX.
'gitmuctecL
©Jöttfltt.
© û llû U .
NEW
[V O L
Walter I . Hatch,
Henry Prescott Hatch,
Arthur Kelvin Hatch
Members of N. Y . Stock and Produce Exchanges,
W . T. Hatch & Sons,
96 Broadway & 6 Wall St., New ToA .
Dealers In Investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex.
ohange for the purchase and sale on commission o f
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
eight.
O OTTOX O P A L L G R A D E S SU IT A B L E TO
W A N T S O F A M E R IC A N SPINNERS.
L e h m a n , St e r n & Co., Limited, New Orleans, La.
L e h m a n -D u r r Co., Montgomery, Ala.
LEHMAN
BROS.,
R IO R D A N & CO.,
F. H. Prince & Co.,
C O M M ISS IO N M E R C H A N T S ,
BANKERS
Cotton, Grain, Stocks.
Nos. 16-22 William Street,
NEW YORK.
M EM B ER S OF T H E STOCK, COTTON, COF
F E E A N D PR ODUCE E X C H A N G E S ,
H I G H G R A DE I N T E S T M E N T S
Orders executed on the above Exchanges as well
Members of New York and Boston Stock Exchanges
as In New Orleans, Chicago and foreign markets.
Hubbard Bros. & Co.,
COFFEE EXCHANGE BUILDING,
NEW
Henry Hentz & Co.,
COM M ISSION
YORK.
M ERCH ANTS,
Cotton Commission Merchants.
1 6 to 2 2 W i l l i a m S t ., N e w Y o r k .
Members New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange,
New York Coffee Exchange, Chicago Boat d o f Trade.
Orders executed on the Exchange also for pur«hase and sale o f ootton for future delivery in New
Orleans and Liverpool. Liberal advances made on
ootton consignments.
EXECUTE ORDERS FOR FUTURE DELIVERY
COTTON,
A t the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
P R I C E , R E I D & C O .,
COFFEE,
N o r fo lk , Y a .
Spedai attention given to orders for cotton for
foreign or domestic shipment.
G R A IN AND PR OVISIO NS,
J , o . BLOSS.
GEO. H . CHURCH,
J . O. BLOSS & CO .,
COTTON
At the New York Coffee Exchange, and
Hopkins, Dwight & Co.,
CO TTO N , COTTONSEED
COMMISSION
Gustavus C. Hopkins,
C arles D. Miller.
F re d e ric Z e r e g a f t C o .
B r e m e n Co r r e s p o n d e n t s
MERCHANTS
R oom 32* C otton E x c h a g e B u ild in g .
_
„
M cF ad d e n , Z e r e g a f t C o .
B. F. E v a n s , Special.
Geo. Copeland & Co.,
Lucius Hopkins Smith.
Samuel Hopkins.
T heo . H. P rice ,
W. G. McCormick .
R. G. M. Stu art -W ortley .
Price, McCormick & Co.
BANKERS AND BROKERS,
COTTON B R O K E R S ,
N ew Y o r k .
N o. 7 2 B road w ay , N ew Y o r k .
Ootton landed at mills from Sontharn markets a
specialty. Orders for future delivery contracts
executed on New York Cotton Exchange.
Members: New York Stock Exchange,
New York Cotton Exchange.
New York Produce Exchange.
Chicago Board o f Trade.
Pa u l Bch w arz .
b.
A. fatm an . Special.
Fatman & Schwarz,
C O M M IS S IO N M E R C H A N T S .
1 W i l l i a m S tr e e t, N e w Y o r k .
Members New York Cotton, Coffee and Produce
Exchanges.
COTTON
Geo.
w
.
b a il y
.
J. A . Mon tgo m ery
Geo. W . Baily & Co.,
COMMISSION MERCHANTS,
COTTON AND NAVAL STORES.
C o tto n E x c h a n g e B ld g .
NEW Y O R K .
Execute Orders for Future Delivery of Cotton.
Correspondence Invited.
C O TTO N AND CRAIN
FOR F U T U R E D E L IV E R Y .
Frederick Paxson & Co.,
STOCK
D RBXEL
BROKERS,
B UILD IN G,
P H IL A D E L P H IA .
Private wires to New York Stock and Ootton
Exchanges and Chicago Board o f Trade.
R ichard Price Morgan .
Ed w a r d R. Morgan .
Dw ight C. Morgan ,
NEW YORK.
P H IL A D E L P H IA .
-
p lis c je lla t u e flu s .
SO U TH ERN PRODUCE
L iv e r p o o l c o r r e sp o n d e n ts
1 2 9 P o a rl S tr e e t,
O IL
BANKER,
AND
M ERCHANTS,
W h . Ba y .
Colorado Mining Stochs a Specialty.
Weekly Market Letters and Quotations sent on
Application.
No. 1 BROADWAY, NEW YORK.
INVESTMENT SECURITIES.
St ro o t,
Geo. H. M°Fadden & Bro.
M. T. MAINE.
B A N K E R S AND B R O K E R S,
C o lo r a d o S p r in g s , C o lo r a d o .
A. S. Van W ickle,
NEW Y O R K .
COTTON
William P. Bonbright & Co.
At the New York Produce Exchange
and the Chicago Board of Trade.
M ERCHANTS,
a il W i l l i a m
MA S S .
N EW YORK.
NEW YORK.
*
BOSTON,
43 COTTON EXCH ANGE,
J . Spencer Turner,
J
SUCCESSOR TO
B r in c k e r h o fi, T u r n e r & C o .,
MANUFACTURER AND DEALER IN
Rich. P. Morgan & Sons,
R A IL W A Y EXPERTS
D W IG H T ,
IL L IN O IS ,
U. S. A .
H a v in g e x te n d e d e x p e r ie n c e in t h e c o n s tr u c tio n
an d o p e ra tio n o f railw ays, w e offer ou r s erv ices as
I n d e p e n d e n t E x p e r t s t o e x a m in e and rep ort
u p o n th e ch a ra te r and C o n d it i o n o f t h e Co n *
STRUTION and EQUIPMENT Of RAILW AYS and also
th e ir Sa f e N e t E a r n i n g c a p a c i t y . W e h a ve
r e c e n tly e x a m in e d f o r capitalists and rep orted
se p a ra te ly u p o n n early all o f th e principal railroads
w e s t o f C h icago betw een Canada and M exico.
Jos. O. Osgood, *
M. Am. Soc. C. B.
C o n su ltin g E n g in e e r.
Reports on Investment Properties for Bankers
and Investors.
■'■ . , ,
Examinations in regard to physical condition and
character, earnings, management, needs, value, etc.
R a i lr o a d L o c a tio n an d Construction*
120 B R O A D W A Y ,
-
•
N E W YO R K
COTTON SA IL DUCK WM. FRANKLIN HALL
AND ALL KINDS OP
COTTON CANVAS FELTING DUCK,
CAB COVERING BAGGING.
RAVENS DUCK, SAIL TWINE, ftc.,
POPE “ AW N IN G ” STRIPES.
AGENT
U N IT E D S T A T E S B U N T IN G C O .
A full supply all Widths and Colors, always In
Stock.
1 0 9 D u a n e S tre e t, N e w Y o r k .
BOOKS
ACCOUNTANT
A U D IT E D
New forms designed for hooks of account.
Settlement of Insolvent Estates.
418 Bxehange Building, 58 state Street, Boston
John 0 . F. ^Randolph, E, M.,
Fifth Avenue Hotel,
(School of Mines Graduate, I860.)]
M a d is o n S q u a r e , N e w Y o r k .
Consulting Mining Engineer-
The largest, best appointed and most liberally
managed hotel In the olty, with the most oentral
and delightful looation.
HITCHCOCK DARLING ft 0 0 .
15 BROAD STREET, NEW Y O R K .
Ca b l e A d d r e s s ,
RHOSGOG,
New Y o r k .
@FedFRASER