Full text of Commercial and Financial Chronicle : June 10, 1893, Vol. 56, No. 1459

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HUNT’ S MERCHANTS’

^

MAGAZINE,

IjU w ssjrjw ,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES*
Sintered aooordlnt? to A c t o l Congress, In the year 1 8 9 3 , by W m . B . D a n a & C o., In the office ot the Librarian of Congress, W ashington, D , O.

VOL. 56.

SATURDAY, JUNE 10, 1893.
Week Ending June 3.

(ftltru m c lc .
Terms of Subscription—Payable in A<1vance:

Terms of Advertising—(Per inch space).

O n e t i m e ..................................... $ 3 50 T h ree M on th s (13 t im e s ). .$ 2 5 00
O n e M o n th
(4 t im e s ).. 1 1 0 0 S ix M on th s
(26 “
).• 4 3 00
T w o M on th s
(8
“
) . . 18 0 0 T w e lv e M on th s (52 “
) . . 58 00
(T h e a b o v e term s f o r o n e m o n th and u p w a rd a re f o r s ta n d in g ca rd s.)

London Agents:
M essrs. E d w a r d s & S m it h , 1 D r a p e r s ’ G a rd en s, E . C ., w ill ta k e subg o rip tio n s and a d v e rtise m e n ts , a n d su p p ly sin g le c o p ie s o f t b e p a p e r
a t I s . e a ch .
B . D A N A A C o ., P u b l i s h e r s ,
W IL L IA M B. DANA. ( W I L L I A M
1
1 0 2 W illia m S tre e t, N E W Y O R K ,
JOHN G. F LO YD .
(
P o st O f f ic e B o x 9 5 8 .

CLEARING HOUSE RETURNS.
T he fo llo w in g ta b le, m a d e up b y telegraph , e tc ., Indicates
th a t th e total b a n k clea rin gs o f a ll the clea rin g houses o f the
U n ited States fo r th e w eek en d in g to -d a y , Ju n e 10, have
been 81,078,369,867, against 8999,135,433 last w e e k and
$1 ,139,454,465 the corresp on d in g w eek o f last year.
Week Ending June 10.
1893.

1892.

Per Cent.

$494,514,085
74,200,684
58,733,833
12,746,970
82,278,628
21,375,580
7,080,659

$543,995,576
82,823.224
67,139,769
12,679,011
86,268.000
19,509,723
6,862,547

-9 1
-1 0 -4
+2-8
40 5
—4'6
+96
+32

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

$750,930,449
148,946,287

$809,277,340
148,294,618

—7 2
+0*5

T otal all cities, 5 d a y s ...

$899,8': 6,736
178,492,631

$958,572,458
180,882,007

-6 -1
—1-3

$1,078,369,367

$1,139,454,465

-5 -4

B oston.......................................

St. L on ls.................................
H ew O rle a n s............................

T otal all oities fo r w eek ..

1893.
*
552,796,731

New Y o r k .............................

F o r O ne Y e a r ......................................................................................$ 1 0 00
F o r S ix M o n th s ..................................................................................
6 00
E u ro p e a n S u b scrip tion (in clu d in g p o s t a g e )........................ 1 2 0 0
E u ro p ea n S u b scr ip tio n S ix M on th s (in clu d in g p o s t a g e ).
7 00
A n n u a l S u b scr ip tio n in L o n d o n (in clu d in g p o s t a g e )___ £ 2 10s.
S ix M os.
do.
d o.
d o.
. . . £ 1 1 0 s.
T h e I n v e s t o r s * S u p p l e m e n t o f 1 6 0 p a g e s is issu ed e v e r y o th e r
m o n th , o n t b e la st S a tu rd a y s o f J a n u a ry , M a rch , M a y, J u ly , S ep tem b e r
a n d N o v e m b er, and fu rn ish e d w ith o u t e x t r a ch a r g e t o a ll su b scr ib e rs
o f th e C h r o n ic l e fo r s ix m on th s o r lon g er.
T h e St a t e a n d C i t y S u p p l e m e n t o f 1 8 4 p a g e s is also g iv e n t o e v e r y
y e a r ly su b scr ib e r o f th e C h r o n ic l e .
S u b scrip tion s w ill b e c o n tin u e d u n til d e fin ite ly o rd e re d s top p e d .
T h e pub lish ers c a n n o t b e re s p o n s ib le fo r re m itta n ce s u n less m a d e b y
d ra fts o r b y P o s t O ffice o r E x p re s s m o n e y ord ers.
F ile co v e r s a re s o ld a t 5 0 ce n ts e a ch , a n d t o n e w su b scr ib e rs f o r a
v e a r on e file c o v e i is su p p lie d w ith ou t c h a r g e ; p o s ta g e o n th e sam e is
1 8 cen ts.

OLBABINGB
Returns by Telegraph.

NO. 1459.

T h e fu ll details o f clearin gs fo r the w eek cov e re d b y the
a b ove statem ent w ill be given n e x t Saturday. W e ca n n ot o f
cou rse furn ish th em to-d a y , bank clearin gs b ein g m ad e up by
th e various clea rin g houses at n oon on Saturday, and hence in
th e a b ove the last tw e n ty -fo u r h ours o f the w eek have to be
in all cases estim ated, as w e g o to press F rid a y n igh t.
W e giv e b elow o u r usual detailed figures fo r the previou s
w eek , co v e rin g th e returns f o r the period en d in g w ith Satur­
day n oon , Jun e 3, as w ell as the com pa ra tiv e totals in 1893.
T ran saction s on the N e w Y o r k S tock E x ch a n g e a n d on the
oth er E xch a n g es as w e ll have been o f greater volu m e than
du rin g the precedin g w eek. C on trasted w ith the corresp on d ­
in g period o f 1893 there is a loss o f 6-5 per cen t in the w hole
cou n try and a fallin g o ff o f 4'8 per cen t outside o f N ew Y o r k ,
the decrease at this city b ein g 7-8 per cen t. In ratio o f in­
crease H ouston leads this w eek w ith 59'8 per cen t, and is fo l­
lo w e d b y D uluth 43-3, H elena 34’8 and L os A n geles 34’ 2 per
cen t. T he heaviest losses are at N ashville, Salt Lake C ity and
L in coln .

Sales of—
(Stocks.............. shares.) (1.251,891)
(Grain............. bushels.) (25,380,750)

Week End'g May 27.

1892.
P . Cent.
§
599,508,943
-7 8

1893.
P. Cent.
$
053,407,114
-1 6 -2

A ,012,409) (4236)
120,676,112) (+227)

(1,168.312) ( -2 8 0 )
'16,385,575) ( —17-2)

B o sto n .....................................
P rovid en ce...........................
H a r tfo rd ................................
New H a v e n .........................
Springfield..........................
W o r c e ste r...........................
P ortland..............
......
L o w e ll.....................................
New B ed fo rd .......................
Fall R iv e r *...........................
T o t a l N e w E n g la n d ...

80,887,842
4,924,400
2,090,882
1,275,971
1.427.420
1,200,167
1,147,003
681,685
504,754
809,282
94,140,121

88.097,784
4,419,500
2,101.647
1,243.551
1,377,024
1,131.404
1,100,000
792,911
485,915

-8 -2
+114
-0 -5
+2 6
+3 7
-to-i
-+ 4*3
-1 4 0
+3-0

100,749,736

-6 0

P hiladelp hia........................
P ittsburg...............................
B altim ore..............................
Buffalo....................................
W a sh in g to n .........................
R o ch ester.............................
S yracu se................................
W ilm in g to n .........................
Bingham ton.........................
T o ta l M id d le ...................

70,613,537
12,515,428
15,270,728
7,526,571
1,858,091
1,533.316
916,398
813,475
270,000
111,317,544

71,167.267
13,900,232
15,627.871
7.400,886
1,914.146
1,492.005
864,749
796,468
256,400
113,480,074

-0 8
-1 0 0
-2 3
+ 0-9
-2 9

Chicago......... ..................
Cincinnati.................
Milwaukee......................
Detroit.............................
Cleveland........................
Columbus........................
Peoria..............................
Indianapolis....................
Grand Rapids.................
Lexington........................
Saginaw............................
A kron...............................
Springfield, O ..................
Bay City*.........................
Canton*............................
Total Middle W estem .

93,604,301
12,100,550
5,682,697
5,700,000
5.251,525
3,312,000
1,786.500
1,463,884
990,394
526,478
388,220
232,675
181,438
247,685
135,182
131,020,662

98.917,677
13,853.400
6,561,924
6,487,805
5,191,202
4,275,900
1.898.200
2,148,953
836,908
431,800
294.S15
219.445
167,929

—54
-1 2 7
—135
-1 2 1
+1-2
-22-3
-5 9
-3 1 9
+18 3
-2 4 4
+ 31 7
+6-0
-t 8*0

141,316,018

-7 3

San F rancisco.,.
Portland...........
Salt Lake City.
Seattle..............
Tacom a.............
Los A n geles....
Helena..............
Great Falls......
Sioux Falls......
Spokane*..........
Albuquerque*..
T otal Pacific.

+ 6-0
+ 21
+5'3
—1*9

86,986.008
5.093,300
1,939,978
1,362.480
1,372,713
1,281.282
1,180,050
672,450
376,274
895,030
100,265,231

—7-0
+ 10-5
-13*3
-7 -3
+14-3
+0-05
+0 5
-28-5
-6 5

69,231.423
14.087,080
13.7i4.495
7,762.723
2,198.223
1,448,671
1,031,700
804,289
292.700
111,231,310

-4 3
-S -2
+4 8
+61
+8-2
+92
+25-7
+80
+340
-2 4

87,470.262
12,630,550
5.950,214
6,175.601
5,430,784
3,132.400
1,012,200
1,566,950
1,022,333
276,279
338.220
228,669
227,753
282,220
147,545
120,074,281

-0 4
-1 9 0
—22-3
-2 3
-2 0
—17*2
—7 0
-23*2
+91
-30*3
+1-1
-1 5 0
+60-9

15,220,504
1,823,524
1,041,563
960,000
812,180
882,234
707,320
229,704
120,996
613,449
154,149
21,798,025

14,079,829
1,689,251
1,910,546
995,742
629,507
657,296
521,941
207,923
130,000

+ 81
+8 0
-4 5 5
-3 0
+29 0
1-34-2
+34-8
1-57
-0 -9

20,825,035

+4*7

12,130,119
1,587,302
1,400,000
989,406
950.000
927,946
868,869
195.273
129,901
839,852
106.790
19,178,816

-0*1

....
-8 8
-1 8-0
-2 4 7
+9-2
-25*4
+ 30+
+14-9
-2 4 5
-3 8

....
-11*1

Kansas City....................
Minneapolis.....................
Omaha..............................
St. Paul............................
Denver.............................
Duluth.............................
3t. Joseph........................
Sioux City........................
Des Moines......................
Lincoln............................
W ichita............................
Topeka.............................
Fremont...........................
H u ich in so n ....................
Hastings*.........................
Emporia, Kan.*...............
T otal Other W estern..

9,791,220
6,040,384
5,928 760
4,490,U63
4,145,133
1,885,523
1,700,000
830,717
811,743
505,380
464,292
412,845
119,721
86,743

9,168,613
7,870,020
5,132,604
5,370,092
4,616,367
1,316,973
1,827,453
1,258,857
837,635
839,066
437,442
334.719
90.000
112,021

468
-23-2
+15*5
-1 6 3
—10 2
+43 2
-7 0
—340
-3 1
-3 9 8
16 1
1-7-3
+33*0
—22-6

10,404,650
6.121,302
6.315,965
4,606,052
4,949,080
2.159,041
1,099,031
833.078
799,283
487,805
555,272
303,199
90,032
81,756

+15*2
-22-9
+17-9
1-19
+13-8
+340
+10-3
-1*6
-12*7
-1 8 9
+57
+199
+18-7
-35*0

37,218,524

39,261,862

-5 -2

40.458
39,558,009

+4-8

St. L ouis..............
New Orleans........
Louisville.............
Galveston.............
Houston................
Memphis...............
Richm ond.............
Nashville..............
Savannah .............
Atlanta ................
Charleston............
Dallas....................
N orfolk.................
W aco......................
Fort W orth ..........
Birmingham.........
Chattanooga.......
Jacksonville* —
T otal Southern

20,670.129
8,362,071
6.869,455
1,884,579
2,001,372
1,585,502
1.874,211
983,045
1,135,510
1,050,037
817,509
998.846
808,400
479,767
581,132
437,223
345,035
275,201
50,833.823

21,239,950
7,282,912
8,082,699
1,570,031
1.252.008
1,956.170
2,610,369
1,854,302
1,369,428
1,277,905
800,000
910,000
1,079,524
461.072
401,670
555,096
479,396

-2*7
+14 8
-1 5 ’0
+20-0
+ 598
-19-0
—28*2
-47-0
—17 1
-1 7 8
+22
+ 98
-2 5 1
+ 4A
+32-3
—'ll 3
-2 8 0

21,291,851
8,2o0.058
5,953,812
2,083.130
2,203,350
1.617,351
1,980,130
907,573
1,197,291
987,497
733,263
900,717
890.110
525,543
644,453
543,570
381,7 88

+7-8
+25-9
-10-1
+30-2
+75-4
-3 0 0
-1 7-3
—49-9
—17-7
-1 0-2
-1 9-4
+0-3
-6 -3
+27-5
-1 -9
+8-6
-7*3

53,183,132

+ 44

50,946.508

+3*3

-6 -5 1,000,001.269
—4 8 447,251,155

“ -4 A

999,125,433 1,068,324.800

T otal a ll................
Outside New York.

” 446,328/702

468 815,837

M on treal................
T o r o n to ................. .
H a lifa x ...................
Hamilton ..............
Total Canada.

10.757,142
6,103.920
1,077.028
747,814
18,690.904

11,101,332
0,474,365
1,298,510
729.908
19.664.115

* Not included in totals.

-3 6
—5 C
-1 7 1
+2 5
—P9

10,573,100
5 076.325
1,322,300
687,268
17,050,325

....

....

-11*3
+30 4
+10 4
+34 4
+23 6
+29-3

THE CHRONICLE

916
wz
THE

state

AJit CITY DEfAfttW EflT,

See p ages 9 8 4 , 98 5 , 9 8 6 , 9 8 7 , and 9 88 for our

State and City Department.
Ail advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.

THE FINANCIAL SITUATION.
The appearance in the daily papers Tuesday morning
of the announcement by President Cleveland of his
purpose to call an extra session of Congress between
the 1st and 15tli of September has had the effect of
reviving hope of an early repeal of the Silver Law and
to that extent of producing a more settled feeling in
business circles. In the remarks accompanying the
announcement, Mr. Cleveland sets out the situation in
a very clear and forcible manner. He well says that
the derangement of our currency is “ the only menace
to the country’s welfare and prosperity,” and that
Congress must deal with the problem, and furthermore
that no one “ can fail to see tnat fear and apprehension
in monetary circles will ultimately bring suffering to
every humble home in our land.”
We think this announcement by President Cleveland
was very timely and should be followed by vigorous
action on the part of business men and the public in
all the various sections of the country to arouse a
sentiment in favor of the repeal of the law, and to
impress Congressmen with the fact that, however tol­
erant of the law public opinion may previously have been,
things have now reached such a critical stage that its
further continuance on the statute books will not only
lead to widespread disaster but will jeopardize
the political fortunes of those who fail to co-oper­
ate in the effort to repeal the measure.
How
deep is the distress already produced and how
widespread the loss of
confidence engendered,
is evident from the runs on the banks in Chicago
and other cities which have been so conspicuous this
week, and the further failures in business circles which
have likewise occurred.
It is a hopeful sign that the need for action is now
becoming generally recognized. For instance, this week
the Charleston Chamber of Commerce adopted resolu­
tions, by a unanimous vote, urging the speedy repeal of
the law. The resolutions declare that the law “ has failed
in all the objects for which it was pissed— the price of
silver has declined, the supply of money through the
agricultural districts has decreased, a check has been
given to the advancement of all commercial, agricul­
tural and manufacturing interests, foreign capital has
been withdrawn from this country, bankers and capitalists
are locking their money up with consequent loss of in­
terest rather than make investments or time loans
under present conditions, and the country is threat­
ened with an unsound currency.” The Chamber also
resolved that a copy of the resolutions be forwarded to
the mayor or commercial bodies of the various cities
and towns throughout South Carolina, with a view to
having meetings held for the purpose of endorsing and
reinforcing the action of the Chamber.
As an indication of the existing drift of senti­
ment this is perhaps no less significant than the
previous action to the same effect by the Commercial
Club of St. Louis, to which we adverted two
weeks ago. For the silver policy of the country has
had a great many friends and supportersjheretofore in

fV0L LVI

South Carolina.
There, as elsewhere, however,
the publio mind is becoming enlightened through
the logic of facts and events. Altogether the
prospect that by the time Congress is called
together in September a majority of the mem­
bers of both Houses may be found ranged on the
side of repeal, must be regarded as far from discouraging.
One thing should be clearly understood, and that is
that compromise measures of any kind will not be
tolerated. What is wanted is an absolute, uncondi­
tional repeal. The country has suffered too much
already to take the risk of a recurrence of further
trouble by a failure to enforce a full remedy. The
present ills can only be cured by comjffetely eradicating
the cause of the trouble— and it would be worse than
folly to sanction any other course.
Hot for a long time past have the shipments of cur­
rency from Hew York to the interior been on so large
a scale as the present week. The returns collected by
us show that the gross shipments have reached no less
than §12,847,000. Fifteen banks report to us ship­
ments ranging from §200,000 to $1,300,000 each, the
amounts in most cases being close to or in excess of
three-quarters of a million dollars. These heavy ship­
ments are the more noteworthy because ordinarily the
outward movement from Hew York at this time of the
year is very small. Tne currency has gone mainly to
the West— Chicago getting a very large proportion of
the whole— and the exceptional demand has arisen from
the runs on the banks at that and other points and
from the recurrence of additional failures, which for the
moment tended further to disturb confidence. The situa­
tion out there has now greatly improved, the withdrawals
by excited depositors having almost ceased as the week
closes, so that before long we may suppose normal con­
ditions in these particulars will again prevail. That
there are good grounds for taking an encouraging view
of the mercantile outlook is evident from the very
satisfactory reports of railroad earnings that have come
in from different parts of the country for the month of
May. One or two special favoring circumstances ex­
isted in that month, tending to make the gains over
last year larger than they otherwise would have been,
and yet if an active interchange of commodities,
the result of both large consumption and large produc­
tion, were not in progress, such heavy earnings would
be out of the question. The state of our currency is
the chief source of trouble ; if relief from that can be
secured, tbe existing depression will probably soon give
way to recuperation and recovery.
A favorable feature this week has been the decline in
foreign exchange rates and the utter demoralization
of the exchange market, thus checking for the time
being further exports of gold— only $1,000,000 having
gone out, and that early in the week. Various cir­
cumstances contributed to bring about that result,
such as lower rates for money in London, higher rates
here, the appearance of some loan bills, which had pre­
viously been absent from the market for several weeks,
and also offerings of bills against exports of produce.
Shipments of wheat have latterly been on a large scale;
the price of the cereal has been low for some time, but
the present week, under the continued financial dis­
turbances, the evident determination of the banks
not to foster speculation in the staple, and the
embarrassment of some
of the elevator com­
panies, the price dropped to the extraordinary
figure of 63 cents a bushel in Chicago and to 71 cents
in Hew York.
The low^ prices have induced very

June 10, 1893.]

THE CHRONICLE.

947'

heavy purchases for European account, though the from the interior of Great Britain. Of the imports,
outward movement has been retarded to some extent £884,000 came from the United States, £40,000 from
by the high rates for ocean freights occasioned Portugal, £56,000 from Brazil, £26,000 from France,
by the sudden large demand for freight room.
This £12,000 from Germany and £149,000 was “ bought.”
scarcity of ocean freight room, however, we may sup­
Foreign exchange was dull and steady until Tuesday
pose, will soon be remedied, as the high rates will attract afternoon, when it began to feel the effect of the lower
vessels from all parts of the world.
In the meantime discount rate in London, and this was shown in an in­
there is a good supply of commercial bills in the creased demand for long sterling. Then followed
exchange market against outgoing shipments.
In dearer rates for money in our market, accompanied by
London the financial situation has so far improved offerings of commercial, arbitrage and loan bills, which
that the Bank of England on Thursday reduced its latter constituted an important feature, these having
minimum rate of discount from 4 to 3 per cent, be­ been absent from the market since early in May, and
sides reporting a further large gain in bullion, chiefly rates fell, the market becoming weak on Wednesday
in imports from Hew York, all of which is necessarily and demoralized on Thursday, when, compared with
reflected in easier conditions here.
Monday, there was a very decided decline, not only in
Money on call, representing bankers’ balances, has sterling but in all Continental rates. The market
been more active this week, chiefly by reason of the opened unchanged on Monday last at Friday’s rates,
heavy shipments of currency to the interior. The which were 4 87 to 4 874 for long and 4 90 to 4 904
range has been from 12 to 2 per cent. The higher rate for short, and Baring, Magoun & Co. advanced the
was made yesterday and the bulk of the business until 60 day rate to 4 88. On Tuesday Brown Bro3. reduced
Wednesday afternoon was at 2 to 34, the average for the short rate to 4 90, and on the following day they re­
the week being probably about 44 per cent, compara­ duced both long and short half a cent, while Baring,
tively small amounts being loaned above that figure, Magoun & Co. lowered the long rate to 4 874- On
though yesterday the lowest rate was 5 per cent. This Thursday Brown Bros, made a further reduction of
branch of the market remains practically in about the half a cent in the short rate, Baring, Magoun & Co.
same condition with respect to supply as it has been for reduced both long and short one cent and the Bank of
the past two or three weeks. The offerings are unem­ British North America lowered both long and short
ployed balances and funds which cannot be placed for half a cent. Yesterday all the bankers made further
fixed periods. The foreign bankers are doing very reductions, the market closing unsettled and weak at
little in call money. The demand comes from com­ 4 86 to 4 864 for 60 day and 4 88 to 4 884 for sight.
mission houses who are unprovided with time loans and The reductions for the week amount to a cent in
from the traders on the Exchange. The offerings long sterling and to fully two cents in sight bills. Rates
by banks and trust companies are somewhat limited, for actual business were 4 84J to 4 85 for long, 4 86J to
most of them requiring exceptionally good collateral. 4 87 for short, 4 87 to 4 874 for cable transfers, and
Time contracts are in fair demand and supplies are 4 83f to 4 84 for prime and 4 834 to 4 83f for documentary
offered only on good security, the Industrials being commercial bills, these being liberally supplied by the
accepted to a limited extent. Foreign bankers have large export movement of grain. Gold to the amount of
within a few days renewed sterling loans which were $1,000,000 was shipped to Europe on Tuesday by Lazabout maturing, and from present indications they are ard Freres, and on the following day it was reported
likely to have a liberal supply of money for employment that Baring, Magoun & Co. would on Thursday ship
in our market.
Rates on first- cla^s collateral are $300,000 for the account of Kidder, Peabody & Co,
quoted at 44 per cent for 60 days, 5 for 90 days to of Boston, but the fall in exchange led to the counter­
four months and 54 to 6 for five to six months. Com­ manding of this order and the movement of gold for
mercial paper continues stagnant.
The demand is the week was confined to the consignment of Lizard
limited to a few city institutions other than banks, and Freres on Tuesday.
the out-of-town trade is nominal. The supply is large
We have alluded above to the favorable returns of
and attractive. Rates are 6 to 64 per cent for 60 to 90 railway earnings for the month of May. The results are
day endorsed bills receivable, 64 to 7 for four months summarized in our usual article on another page, and
commission house names and 7 to 9 for good single are really surprisingly good. The statement covers
names having from four to six months to run. Some over ninety-five thousand miles of road, and shows
exceptionally good double-name paper has been sold a gain in the aggregate of about 34 million dol­
during the week at 54 per cent, and a few very choice lars, or 8 -94 per cent. The returns of net earnings for
single name notes have been placed at 64.
April which have come in this week are not quite as
The Bank of England minimum rate of discount, as uniformly favorable as those which we published last
already stated, was reduced on Thursday to 3 per cent, week. The Illinois Central reports an increase of $132, from 4. This was not surprising considering the fact 690 in gross and an increase of $130,688 in net. This
that the Bank had, within the fortnight, gained over being for April covers of course the month before the
£3,400,000 bullion and that the supplies in the open Fair was opened. The Mexican National reports gross
market have been so large that the unofficial rate fell of $363,811 for April, 1893, against $332,097 for April,
heavily early in the week. Yesterday the cable re­ 1892, and net of $128,415, against $106,165, the figures
ported discounts of 60 to 90 day bank bills in London for this road being all stated in Mexican currency.
only lf@ 1 4 per cent. The open market rate at The New York Ontario & Western has a gain of
Paris is 24 per cent; at Berlin it is 2 f per cent, $4,337 in gross earnings but a loss of $11,901
and at Frankfort 2£ per cent.
The Bank of in net earnings. The Louisville New Albany & Chi­
England, according to our special cable from Lon­ cago also has a gain in gross ($4,077) and a loss in
don, gained £1,383,675 bullion during the week, net ($3,247). For the Toledo & Ohio Central gross
and held at the close of the week £27,485,423. Our is $161,954 against $158,862 and net $51,104 against
correspondent also advises us that the gain was due to $60,479; the Chicago & West Michigan has gross of
imports of £1,167,000 and to receipts of £217,000 $172,785 against $173,782, and net of ,$49,044 against

9 48

THE CHRONICLE

$53,623; the Western New York & Pennsylvania,
gross of $305,105 against $272,856, and net of $94,183
against $100,795 ; the Detroit LausiDg & Northern,
gross of $100,976 against $99,277, and net of $20,950
against $24,107; the Minneapolis & St. Louis, gross of
$130,802 against $140,316, and net of $40,796 against
$33,921, and the Philadelphia & Erie, gross of $439,497
against $409,795, and net of $180,038 against $139,142.
For March the Cleveland Canton & Southern reports
gross of $72,751 against $57,146, and net of $24,337
against $20,947, while for May the Quincy Omaha &
Kansas City has gross of $20,546 against $18,191, and
net of $4,624 against $1,454.
The Northern Pacific makes the gratifying announce­
ment that the subscription for the $12,000,000 col­
lateral trust notes, issued to take up the floating debt
of the company, has been completed. In the Richmond Terminal case the deposits the last few days
under the reorganization plan have been very heavy,
as the limit of time for the deposit of Terminal stocks
and bonds will expire to-morrow. Regarding the Read­
ing plan of readjustment, all that it is possible to affirm
at this stage is that deposits are being made in consider­
able amounts, and that the officials of the company ap­
pear to be untiring in their efforts to carry the plan
through. The Norfolk & Western, which, by one of those
remarkable judicial acts which it is difficult to explain,
was last week placed in the hands of a temporary re
ceiver, was quickly restored to its owners when the real
facts of the case appeared. A plan has been ma
tured for the reorganization of the National Cordage
Company, and thus, one after another, the clouds
which had been hanging over these various corporations
are disappearing.
The following gives the week's movements of money
to and from the interior by the New York City
banks.

M O R T G A G E L IE N S A N D CAR
O B L IG A T IO N S .

[V ol. LVI.

TRUST

The United States Supreme Court has recently
rendered a decision bearing on the rights of mortgage
bondholders as against claims for car trust rentals in
the period preceding the appointment of receivers. The
general principles governing the rights of the two classes
of creditors are tolerably well established, but the pres­
ent decision is interesting because the Court reaffirms
its previous rulings in favor of protecting mortgage
liens as against all claims which are not fairly entitled
to preference over the mortgage liens and also because
it defines very clearly the general limits within which
such claims must be kept. At the present time, when
questions of that character are all the time coming up
in connection with the various railroad reorganizations
in progress, the facts are worth study.
The case under review had its origin a great many
years ago— in fact, way back in 1874, when suit was
brought to foreclose the first mortgage of the Peoria
& Rock Island Railway Company. The case is that of
Thomas vs. Western Car Company, and it arose on the
intervening petition of the car company to compel the
payment of certain amounts for car rentals which the
car company claimed under contracts between it and
the railroad. The claims were vigorously resisted by
the bondholders and the receiver. It is not necessary
to mention all the grounds of opposition, but it is well
to remark that one of the allegations was that the con­
tracts were fraudulent because the officials of the road
making them were at the time large owners in and con­
trolled the car company; also that when the bonds of
the road were offered for sale it was represented that
the proceeds of the sales were to be used in obtaining
the equipment necessary for the operation of the
line, and, furthermore, that the rentals charged for
the use of the cars were excessive and extortionate..
R ec e iv e d b y S h ip p ed b y
N et In terii r
W eak E n d in g J u n e 9 ,1 8 9 3 .
The case went through the various stages of suits of
N .Y . B a n k s- N . Y . B a n k s .
M ov em en t,
this character, the petition of the car company having
$ 4 ,4 2 8 ,0 0 0 $ 1 1 ,3 4 7 ,0 0 0 L o s s $ 6 ,9 1 9 ,0 0 0
Bold.......................................................
4 0 1 ,0 0 0 1 1 ,5 0 0 ,0 0 0 L d s s . 1 ,0 9 9 ,0 0 0
been twice amended, answers filed to each amendment,
T o t a l g o l d a n d le g a l t e n d e r s ___
$ 4 ,8 2 9 ,0 0 0 ! $ 1 *2 ,8 4 7 ,0 0 0 L o s s .$ 8 ,0 1 8 ,0 0 0
a master appointed, exceptions taken to his report, a
decision rendered, entry of the decree of sale made,
With the Sub-Treasury operations and gold exports,
then the decree reopened, the suit finally reachiug the
the result is as follows.
Supreme Court on appeal. In the Circuit Court the
I
n
t
o
O
u
t
o
j
petition was granted m part and denied in part. The
N
e
tO
h
a
n
g
e
it
W e e k e n d in g J u n e 9, 1893.
B ank*.
B anka.
B a n k H olding.
Supreme Court affirms part and reverses part.
B a n k s ’ I n t e r io r m o v e m e n t , a s a b o v e $ 4 ,8 2 9 ,0 0 0 $ 1 2 ,8 4 7 ,0 0 0 L o s s .$ 8 , 0 1 8 ,0 0 0
One of the contentions of the car company was that
B u b -T r e a s . o p e r . a n d g o l d e x p o r t s . . 1 7 ,9 0 0 ,0 0 0
1 9 ,4 0 0 ,0 0 0 L o s s . 1 ,5 0 0 ,0 0 9
T o t a l g o l d a n d l e g a l t e n d e r s ........ $ 2 2 ,7 2 9 ,0 0 0 $ 3 2 ,2 1 7 ,0 0 0 L o s s .$ 9 ,5 1 8 ,0 0 1
the furnishing of cars to the railway was in the nature
of supplies furnished it, that the rental due conse­
The following table indicates the amount of bullion
quently was a current operating expense and a lien on
in the principal European banks this week, and at the the road and its property superior to that of the mort­
corresponding date last year.
gage. The Circuit Court had allowed the car company
$8,162 as the balance due it for the use of the cars
J u n e 8. 1893.
J
u
n
e
9,
1892.
B ank of
during the six months prior to the receivership, in
G old.
S ilv er.
T o ta l.
G old.
S ilv er.
T ota l
%
accordance with the practice in such cases in that cir­
£
£
£
£
£
E n g la n d ........... 27,485,423
27,485,423 26,091,377
26.0; 1,377
cuit, by which the income of the receivership is
68,561,852 61,294,188 119,856.040 62,641.88 * 51.733,425 114,375.307
G e r m a n y * .. .. 33.672.000 11.221,000 44.896.000 37,429,125 12,476,375
49,9' 5,500
charged with the payment of certain classes of liabili- ■
A u s t .- H u n g ’ y 10.383.000 17,442.000 27.825.000
5.769.000 16,531,000 22.300.000
ties of the company incurred prior to the receivership.
N e th e r la n d s ..
2.817.000 7.116.000
9.933.000
3.207.000 6.720.000
9.927.000
N a t.B e lg iu m *
2,853,333 1,426.667
4.280.000
2,912,067 1.456,333
4.369.000
Sums
were also allowed for the use of the cars during
7.714.000 6.468.000 14.182.000
7.590.000 4.681.000 12.280.000
the receivership, and altogether the Circuit Court
T o t . t h is w e e k 153,486.608 94,970.855 248,457.463 145,647,051 93.601,133
239,248,184
T o t . p r e v . w ’ k 151,716.005 94,674,983 246,390,988 144.940,731 93.351,312
2 3 8 ,. 92,073
found that the total due to the car company was $50,775,
• The division (between gold and silver) given In onr table of coin and and on this interest at the rate of 6 per cent was
bnlllon In the Bank of Germany and the Bank of Belgium is made from allowed from June 22, 1885, the date of the filing of
the best estimate we are able to obtain; In neither ease Is It claimed i o
the master's report.
be accurate,as those banks make no distinction In their weekly returns,
merely reporting the total gold and silver, but we believe the division
It will be seen from this very brief synopsis that the
we make is a oloee approximation.
point of chief importance presented for the consideration
N ote .—W e reoelve the foregoing results weekly by cable, and w hl'e
of the Supreme Court was as to the propriety of the
not U1 of the date given at the head of the column, they are the re
m i e i - s u e d nearest to that d a te -th a t Is. the latest reported figures
allowance for the use of the cars for the period of six.

J u*ne 10, 1893.]

THE CHRONICLE.

months preceding the receivership. Discussing this
point Justice Shiras, who delivered the opinion of the
Court, refers to the case of Miltenberger vs. Railroad
Company, where it was held that “ many circum­
stances may exist which may make it indispensable to
the business of the road and the preservation of the
property for the receiver to pay pre-existing debts of
certain classes out of the earnings of the receivership or
even the corpus of the property.” He also points out,
however, that the Court added in that case that “ the
discretion to do so should be exercised with very great
care. The payment of such debts stands, prima facie,
on a different basis from the payment of claims arising
under the receivership, while it may be brought within
the principle of the latter by special circumstances.”
Justice Shiras furthermore refers to the decision in
the case of Kneelaud vs. Trust Company, where the
subject received further consideration. In that case
the Court had declared itself very stroDgly and very
emphatically in favor of the protection of mortgage
liens, where there were not special circumstances justi­
fying a different course, saying that “ the appointment
of a receiver vests in the Court no absolute control over
the property and no general authority to displace
vested contract liens. Because in a few specified and
limited casea this Court has declared that unsecured
claims were entitled to priority over mortgage debts,
an idea seems to have obtained that a Court appointing
a receiver acquires power to give such preference to any
general and unsecured claims.” * * * “ Can any­
thing be conceived which more thoroughly destroys
the sacredness of contract obligations ? One hold­
ing a mortgage debt upon a railroad has the
same right
to demand and expect of
the
Court respect for his vested and contracted priority as
the holder of a mortgage on a farm or lot. So when a
Court appoints a receiver of railroad property, it has no
right to make that receivership conditional on the pay­
ment of other than those few unsecured claims which,
by the rulings of this Court, have been declared to have
an equitable priority. Ho one is bound to sell to a rail­
road company or to work for it, and whoever has deal­
ings with a company when property is mortgaged must
be assumed to have dealt with it on the faith of its per­
sonal responsibility, and not in expectation of subse­
quently displacing the priority of the mortgage liens.
It is the exception and not the rule that such prior ity
of liens can be displaced.”
Following the principles laid down in these cases—
which certainly afford the fullest protection to mort­
gage bondholders— the Court holds that the claim by
the Western Car Company for car rental which accrued
prior to the receivership cannot be maintained, but
should have been disallowed. The case of a corpora­
tion for the manufacture and sale of cars dealing with
a railroad company whose road is subject to a mortgage
securing outstanding bonds is very different, says Jus­
tice Shiras, from that of workmen and employees, or of
those who furnish from day to day supplies necessary
for the maintenance of the railroal. Such a company
must be regarded as contracting upen the responsi­
bility of the railroad company and not in reliance upon
the interposition of a court of equity. Moreover, in its
contract the car company had reserved the express right
to terminate the arrangement and demand possession of
the cars forthwith upon any failure by the railroad com­
pany to promptly pay the interest or the principal of any
of its bonds or other liabilities. Such a provision the Court
reasons shows that the car company was aware of the

949

,

existence of the outstanding bonds, and protected itself
by other methods than relying upon the possible order
of a Court which might appoint a receiver. Further­
more, the fact that the principal officers of the car com­
pany were in control of the railroad company must be
accepted as evidence to the same effect. This portion
of the claim therefore i3 rejected on the broad ground
“ that in proceedings to foreclose a railroad mortgage
it is error to decree priority over the mortgage debt to
a claim for rental of cars accruing during the six
months preceding the appointment of a receiver in the
foreclosure proceedings.”
Of course the claim for rent during the time that the
cars were actually in possession of and used by the re­
ceiver stood on a different footing, and the Court de­
cides that it is within the discretion of the Judge
to decree-such prio;ity for said period, until the
surrender of the cars.
Many of the items in
this portion of the claim were in dispute, and there
was also a conflict of evidence which made it difficult
to determine just how much the Car Company was en­
titled to. The Court fixed upon a basis of compensa­
tion which to it seemed fair and equitable, but this
portion of the case involved no question of general im­
portance. There was, however, one further point of con­
tention, and that was as to whether the Car Company
was entitled to interest on the amounts determined to be
due to it. The Circuit Court, while disinclined to allow
the claim for interest in the broad way in which it wa3
made, had yet deemed some allowance for interest reason­
able in view of the great delay which had occurred in
reaching a final adjudication of the matter. The Supreme
Court, however, refuses to sanction such a course.
Says the Court: “ We cannot agree that a penalty in
the name of interest should be inflicted upon the
owners of the mortgage lien for resisting claims which
we have disallowed. As a general rule, after property
of an insolvent passes into the hands of a receiver or of
an assignee in insolvency, interest is not allowed on
the claims against the funds.
The delay in distribu­
tion is the act of the law; it is a necessary incident to
the settlement of the estate.
We see no reason in de­
parting from this rule in a case like the present,
where such a claim would be paid out of moneys that
fall far short of paying the mortgage debt.”
R A IL R O A D

GROSS

E A R N IN G S

FOR

MAY.

At a time when there are so many disturbing
features in the business situation, it is pleasing to have
such an encouraging statement af railroad gross earn­
ings as that presented in our compilations below for the
month of May. The statement is the best for amount
of improvement of any monthly exhibit published by
us for a long time past. The gains are large and they
are general, coming from every leading section of the
country. In the aggregate the increase is $3 537,074,
or 8-94 per cent.
Certain facts tend to qualify somewhat the signif­
icance of the large improvement shown and hence the
favorable deductions based on the same. Still, as we
shall presently see, even after allowing for special
favoring circumstances, the showing is a very gratify­
ing one, and indicates how large is the consumptive and
productive activity of the country, even under adverse
financial conditions. One element especially in the com­
parison must not be overlooked. We refer to the fact
that the month the present year contained one more
working day than the corresponding month last year,
May, 1893, having had only four Sundays, while May,

THE CHRONICLE.

950

1892, had five. Hardly less important is the circum­
stance that last year the weather conditions were deci­
dedly unfavorable, there having been floods, heavy
rains, etc., over wide sections of the country, while
this year drawbacks of this nature were much less
numerous and were circumscribed within limited areas.
Nevertheless, our statement last year did not show a
loss in earnings. On the contrary, there was an in­
crease in the aggregate, though of course only of mod­
erate proportions. In the year preceding (1891) the
increase had also been only moderate, being indeed
scarcely more than nominal. Still, this does not apply
as regards many of the separate roads. Thus the New
York Central, the Louisville & Nashville and the Mil­
waukee & St. Paul, which are distinguished for heavy
improvement the present year, also had large gains last
year, so that in these instances the record of improve­
ment is continuous. We annex a comparison of the
totals for May and the five months to May 31 for a
series of years past.
M ilea g e.

E a r n in g s .
I n crea se.

Y ear
Q iv en .

Y ear
P reced in g .

M ay.
1889 (180 r o a d s ).........
1890 (160 r o a d s )..........
1891 (137 r o a d s ).........
1892 (113 r o a d s ) .........
1893 (137 ro a d s ).........

M iles.
77,403
85,816
87,220
96,429
95,909

M iles.
74,643
83,589
84,525
93,874
94,122

J a n . 1 to M a y 31.
1889 (129 r o a d s ).........
1890 (153 r o a d s )..........
1991 (137 r o a d s ).........
1892 (142 r o a d s ).........
1893 (135 r o a d s ).........

77,329
84,390
87,220
96,325
95,703

74,601
82,213
84,525
93,769
94,016

Y ear
G iv e n .

Y ear
P r e c e d in g
1
29,816,199
33,117,753
36,655,029
38,242,992
39,536,977

*
I n c . 1,672,041
I n c . 4,565,484
In c.
119,386
In c.
824.832
I n c . 3,537,074

151,201,0! 69 141,413,462
174,175,870! 154.698.652
180,042,038 172,712,257
204,126,016 191,529.058
219,740,879[211,575,015

I n c . 9,788,197
I n c 19,477.224
In c 7,329,181
I n c .12,596.958
I n c . 8,165,861

*
31,488,240
37,683,237
36.774,414
39,067,824
43,074,051

[VOL. LVf.

in widely-separated sections of the country. For in­
stance, the heaviest amount of increase by any road in
our table is that of the New York Central, which is an
eastern trunk line, and which reports a gain of $358,210, this succeeding a gain of $168,966 last year. Close
behind the Central comes the Rock Island, which
might be classed as either a Northwestern or a South­
western line, with $353,-861 increase. Then comes the
Milwaukee & St. Paul, a Northwestern road,
with $288,674 increase; the Illinois Central has
$258,392 gain, a good part of which presum­
ably came from the Fair; the Atchison and Missouri
Pacific, both Southwestern roads, have $265,867
and $174,380 increase respectively ; next in order after
these is the Wabash, a Middle Western road, with
$155,309 gain, following which comes the Great
Northern from the extreme Northwest with $153,324
increase, then the Missouri Kansas & Texas with
$149,402, then two Southern roads, the Norfolk &
Western with $136,654 increase and the Chesapeake
& Ohio with $111,874 increase, &c., &c. It is rather
noteworthy, as indicating the generally improved char­
acter of the exhibits this time, that even the Northern
Pacific has an increase in its total— a result which is in
striking contrast with the heavy losses reported in the
months preceding. The following gives all the large
gains down to $30,000 and also all the large losses
above the same minimum. These latter comprise simply
the Canadian Pacific and the Columbus Hocking Val­
ley & Toledo, the last mentioned having suffered by
reason of the Ohio coal miners’ strike.

The World’s Fair at Chicago was also a factor the
present year, though one whose influence in swell­
ing railroad earnings can easily be exaggerated.
Accounts agree in saying that except at the opening
the attendance at the Pair has been quite small, and
it follows consequently that travel arising from the
same must have been comparatively light. Of course
the Illinois Central has derived important benefits from
the Fair, but its position is exceptional in this respect.
Generally speaking, there are very few roads among
those which contribute returns to our statements that
could have gained greatly from the Fair business, and
in those instances the light attendance has served to
minimize the importance of that influence. Later on
no doubt we may expect that the advantages to result
will be more decided.
As regards the other influences which affected rail
road operations, several of them were adverse and hence
tended to reduce earnings. Thus the strike of the
Ohio coal miners caused important losses to certain
roads, such as the Toledo & Ohio Central, the Colum­
bus Hocking Valley & Toledo, &c. The strike was
settled before the close of the second week, the miners
then returning to work on the old basis, but the early
losses were not fully recovered in the later weeks.
The grain movement in the West was on the whole
larger than last year; the increase, however, was in
special sections.
The cotton movement in the South
was decidedly smaller than a year ago. In the West
there was a falling off in the movement of hogs—
at least if the receipts at Chicago afford any indica­
tion of the movement.
On the whole, therefore— weighing all the favorable
and all the unfavorable factors— the exhibit must be
regarded as very satisfactory. This conclusion is em­
phasized 'fthen we see how large the gains are on many
individual roads and separate systems, and how many
of such gains there are and how they come from roads

P R IN C IP A L CHANGES IN

C R O S S EA R N IN G S F O R M A Y .

Tn p v p o e p e

In crea se*,

N. Y . Cent. & H. R. R R . .$ 3 5 8 ,2 1 0 Louisv. Evans. St. L ___
4 8 ,4 5 9
Cliio. R. I. & P a c ific ........ 353,861 I Minn. St. P. & 8. 9. M L ...
4 8 ,1 6 8
Chic. Milw. <&St. Paul .. 238.67-1 Mexican Central...............
4 7 ,2 3 7
A tell T. v 8 Fe (2 rd 8 .).. 265,867 Mexican National.............
46 3 9 3
Illinois Central................... 258 ,3 9 2 Lake Erie & W estern___
4 6 ,7 3 3
Mo. Pac. & Iron M t.......... 17-4,380 Northern Pacific (2 rd<*.). 4 5 ,5 3 7
3 7 ,8 6 6
W ab ash .................................. 1 55,309 Flint & Pere M arquette..
Gt. Northern Sys (3rd s.) 153,32-4 Bur. Ced. Rapids <fcNor..
33,3 9 8
Mo. K ansas & Texas........ 149,402 Buff. Roch. & Pitrs.........
3 0 ,4 6 1
Norfolk & W estern........... 13 6 ,6 5 4 Louisv. N. A. & Chio........ 3 0 ,0 0 5
Ches. & u h io ........................ 111,874
Clev. Cin. Ch & St. L........
83,884
Total (representing
Texas & P a c ific .................
82.696
35 roads)..................$ 3 ,3 0 2 ,8 4 6
St Louis Southw estern..
58,5 0 4
D ecrea ses,
Pitts. & Western (3 rds.).
54,4 3 7 Canadian Pacific.................$ 1 3 3 ,6 2 4
Int. & Gt. Northern........
51,578 Col. Hock, Y a l & T ol___
39,6 7 8
Denv. & Rio Grande..........
5 1 ,3 0 0
Louisv. & Nashv _____ . . .
5 0 ,3 6 2
Total (representing
2 roads)...................... $ 1 7 3 ,3 0 2
Chic. & East Ills.................
49,8 7 9

As regards the cotton movement in the South, the
gross shipments overland were slightly larger in 1893
at 73,325 bales, against 62,519 bales ia 1892, but the
receipts at the Southern ports were only 102,934 bales,
against 158,652 bales.
R EC EIPTS

OF

CO TTO N

AT

SO U TH ER N

PORTS

IN

MAT

AN D

FROM

JA N U A R Y 1 TO M A Y 3 1 , 1 8 9 3 , 1 8 9 2 AND 1 8 9 1 .
S in ce J a n u a r y 1.

M ay.
P o r ts .
1893.

1892.

1891.

5,069
2
1,090

13,891
5,385
59,238
8,669
71
25,255
3,698
7,003
30
2,083

19,173
38
51,918
4,961
1,178
27,503
6,655
15.8-ir,
32
1,859

N o r f o l k .....................................
W e s t P o in t , & c.................

10,718
6,136

19,623
13,706

26,321
12,598

T o t a l ..................................

102,934

158,652

G a l v e s t o n ..................b a le s .
831 P a s o , & c .........................
N e w O r le a n s ..........................
M o b ile .......................................
F l o r id a ......................................
S a v a n n a h ................................

10,886
5,030
42,369
3,261
46
18,321

C h a r le s t o n ..............................
P o r t R o y a l, & c ..................
W i lm i n g t o n ...........................

1893.
218.881
18,551
530,234
35,268
6,981
150,400
12,707
40.569
103
19,167
177
85,250
35,777

1892.
277,407
22,713
896.170
09,130
4,629
221,345
47,427
79,819
282
24.947
710
141,250
130,4*28

1891.
237,469
13,229
748,063
94,575
4,459
320,685
53,209
171,703
33 7
43,392
1,261
224,063
184,584

168,106 1,154,005 1,916,257 2,097,049

With reference to the grain movement at the West
there was an increase of a little over two million
bushels in wheat.
But the gain was almost entirely
in the spring-wheat markets— Chicago, Milwaukee
and Duluth— and hence benefitted chiefly the roads in
those sections; at most of the winter-wheat ports the
receipts were less this year than last.
In corn there
was a gain for the four weeks ending May 27 of about

THE CHRONICLE

J une 10, 1893. j

951-

three-quarters of a million bushels, the bulk of the in­
In the Southwest the galas are large and numerou
crease, however, having occurred at St. Louis.
In — the losses few and unimportant as a rule.
EARN ING S O F SO U T H W E STE R N G R O U P .
oats the gain is as much as 24 million bushels, and
Chicago and Peoria are chiefly to be credited with it.
M ay.

1893.

A . T .& S .F .+
8 t.L .& S .F .S y s
O en.& R i o G r.
In t. & G t. N o.
R .C .F .3 .& M ...
M o. K . & T e x .
S t. J o s & G r.I.
S t.L . & S o u ’w .
T exa s & P a c.

*
3,435,141
727,875
729,300
318,820
340,159
896,227
97,721
361,886
494,S39

*
8,201,659
695,490
678,000
267,242
341,038
746,835
81,299
803,382
411,613

1
3,130,626
605,962
631,827
279,075
357,783
708,780
61,816
285,374
460,046

1
3,175,982
695,684
756,548
283,312
425,787
703,240
122,303
290,927
503,903

T o t a l ..............

7,401,468

6,729,578

6,634,289

6,956.686

R E C E IP T S O P F L O U R AND G R A IN F O R F O U R W E E K S ENDIN’ 1 M A T 2 7 AN D
8IN C E J A N U A R Y 1 .
F lo u r ,
(b b ls.)
O hicaoo—
4 w k s. M a y , 1893
4 w k s. M a y , 1892
S in c e J a n . 1 , 1893
S in c e J a n . 1 ,1 8 9 2
M ilw a u k e e —
4 w k s. M -.y , 1893
4 Wks. M a y , 1892
S in c e J a n . 1, 1893
S i n c e J a n . 1 .1 8 9 2
8 t . L o u is —
4 w k s. M a y , 1893
4 w k s. M a y , 1892
S i n c e J a n . 1 ,1 8 9 3
S in c e J a n . 1 , 1892
T oledo—
4 w k s. M a y , 1893
4 vrks. M a y . 1892
S i n c e J a n . 1 ,1 8 9 3
S i n c e J a n . 1 , 1892
D e t r o it —
4 w k s. M a y . 1893
4 w k s. MaV, 1892
S in c e J a n . 1 ,1 8 9 3
S i n c e J a n . 1 ,1 8 9 2
C lev ela n d —
4 w k s. M a y, 1893
4 w k s. M a y , 1892
S i a c e J a n . 1 , 1893
S i n c e J a n . 1 , 1892
P eo ria —
4 w k s. M a y , 1893
4 w k s. M a y , 1892
S in c e J a n . i , 1893
S i n c e J a n . 1 , 1892
D u lu th —
4 w k s. M a y . 1893
4 w k s. M a y , 1892
S in c e J a n . 1 ,1 8 9 3
8 i n c e J a n . 1 , 1892
M in n ea o o lis4 w k s. M a y . 1893
4 w k s. M a v , 1892
S in c e J a n . 1 , 1893
S in c e J a n . 3 , 1892
T o ta l o f a l l
4 w k s : M a y . 1893
4 w k s. M a y , 1892
S i n c e J a n . 1 , 1893
S i n c e J a n . 1, 1892

W h e a t,
(b u sh .)

C orn ,
(b u sh .)

O ats,
(b a s h .)

B a rie v ,
(b u s h .)

3,900.177 0 , 112,463
4.027,083 4.780,303
18,683,566 21,033,599
23,548.839 24.081.73C

R ye
(b u sh .)

383,371
330,296
2,102.417
2,387,724

2,136,057
825,690
17.722.272
6,803,715

416.366
757,709
6.018.984
6,092,241

8S.991
194,839
630,574
1,213,357

153,400
202,945
714,972
1.355,565

750,800
680,745
4,583,387
4,163,853

72 500
36,540
42L.400
558.760

632,000
332.000
2,(518.444
1,883,000

212,000
297.000
2,719,800
2,833,075

112,100
77,208
548,300
408,574

87,207
84.056
561.327
506,893

2M .764
454.075
3,134,792
4,123,490

1,733,315
1.131,635
10,428.995
18,593,305

772,925
602,800
3,728,168
3,827,170

7,500
19 ,6 0 )
626,100
1,131,600

30,800
31,304
402,0)51
109,078

5.360
5,*2 6
32,167
35,981

369,500
010.200
1,838,830
1,588,300

461,000
.819,100
3,306,558
3.993,300

1,000

5,100
8,300
36.100
70,400

10,312
9,819
65,481
61,130

239,302
320,015
1,924,608
1,586,125

137,969
38,6(57
939,264
448,854

140.189
143.25 5
820,833
639,406

16.165
38.815
323,771
436,090

20,708
28.753
110.083
120,845

111,104
184,523
690,876
697,426

35,212
36.967
258.709
224,004

16 5,762
156,383
927,265
798,535

64,931
34,830
231.372
2 LI,054

42,0 >0
122
G7.756
10,775

10,650
12.150
97,950
78,225

50,400
48.500
528.150
352,500

611,250
601,200
4,605,340
5,798,700

1.603.800
914.000
0,987,500
4,507,000

12,600
29.500
572.000
693,100

14,400
5,500
64,400
97,902

301,749
369,212
301,749
479,535

1,224,044
994,746
5,056,401
12,258,911

115,386

15,40 ’■
5.700
87,910
73,01)0

4,800
19,200

3,790,010
2,77 L.700
21,306.695
23,091,977
984,763
1,109,087
3,986,146
5.121.89S

8.923,281
0.890.194
56,786.103
54,665.797

293.391
317.383
1,749,191
2,006.036

6,954,423 9.440.539
730,582
6,194,192 6,934,404 1,177,504
44,461,218 39,204,019 9,494,827
53.153,762 35,809,937 11,466,380

I n a d d it io n t o t h e a b o v e t h e r e w a s r e c e i v e d a t K a n s a s C it y d u r in g t h e f o u r
w e e k s t h is y e a r 457,709 b u s h e ls o f w h e a t , 89,033 b u s h e ls o f c o r n a n d 47,04 6
b u s h e ls o f o a t s . S n o a J a n u a r y 1 t h e r e c e ip t s h a v e b e e n 5,024,534 b u s h e ls o f
w h e a t , 1,112,883 b u s h e ls o f e a r n a n d 1^3,583 b u s h e ls o f o a t s .

Taking Chicago by itself, and comparing the results
for the even month, it is found that the aggregate of
the grain receipts at that point in May, 1893, was
14,789,843 bushels as against 11,025,752 bushels iu
1892. At the same point, however, the receipts of
hogs comprised only 463,897 head the present year, a3
against 737,239 head in May, 1892.
R E C E IP T S A T CH ICAGO D U R IN G M A T AN D SIN CE J A N U A R Y 1 .
M a y.
1893.

1891.

W h e a t .b u s h .
C o r n ...b u s h .
O a t s .. b ush.
R y e . , .b u s h .
B a r le y .b u s h .

2,390,513
4,809,903
7,041,153
93,611
449,664

8 >1.090
4,288,568
5,008.916
129,704
739,474

T o t a l g r a in
F l o u r . , b b ls .
P o r k . . .. b b l s .
C u t m ’ t s .lb s .
L a r d ........lb s .
L iv e hogs N o

14,789,843
411,052
1,523
12,712,686
5,398,624
463,897

11.025,752
353,465
3,528
11,292,799
5,383.179
737.239

1893.

1892.

1891.

17,976,728
19,593,302
24,962,894
740,154
5,050,084

6,937,136
23,977,901
21,406,703
1,181,384
6,060,100

3,687,123
23,622,660
21,404,772
906,779
3,923,825

15,756,471 68,323,161
259,923
2,113,148
885
1,951
9,497,209 46,037,249
5,307.490 •20,775,275
560,115
2,274,846

62,623,201
2,419,620
9,307
69,142,002
32,413,512
3,580,666

53,545,459
1,665,065
6,813
98,034.420
36,297,611
3,947.678

741,718
8,S5S,055
5,814,296
120,309
222,093

Notwithstanding the smaller cotton movement, the
more prominent Southern roads, like the Chesapeake &
Ohio, the Norfolk & Western, the Louisville & Nashville
and the Mobile & Ohio, report improved results; on the
-other hand, the smaller roads, or those that are suffer­
ing from financial embarrassment, like the East Tenn­
essee and the Cincinnati New Orleans & Texas Pacific,
show losses.
EARNING S O F SO U TH ER N G R O U P .
M ay.

1893.

C h e s a p e a k e & O h io
C h e s . & t> . S. W . . . .
C in .N .O .& T .P .S y .'i
K a n . C .M e m .& B ir .
L o u ia v . & N a s h v ..
M o b i le & O h io ........
N o r f o lk <fc W e s t ’ll.
S o u t h C a r o lin a ___

*
856,328
18L.310
640,802
65,569
1.758,040
288,708
878,160
89,500

$
$
744 .4541 720,825
167,092'
171,077
648,933
612.564
81,211
81,929
1,707,678 1,496.501
243,48 J
2*6,177
730,596
704,819
92,329
100,173

$
S
^
l
610,997,
474.602
420,404
156,773'
147,7621
151,582
778,08!);
577,566,
536,574
80,639
7 0 ,3 0 4 1
1,577,2161 1,382,68
1,316,324
298 ,0501 287 ,8 9 2 1 252,797
551,710,
53L.037
707,670
70,768
94,712}
80,987]

T o t a l . ..................

4,753,607

4,442,18.1

4,310,046

1892.

'

1891.

4,232,008

1

1890.

!

1889.

18S8.

3 , 573 . 5 0 3 ! 3,279,486

a F o u rth w e e k n o t r e p o r t e d —fig u re s t a k e n s a m e as la st y e a r .

1891.

1890.

1889.

1888.

t
2,392,184
502,015
647,792

$
2,130,322

373,114
629,220
94,734
241,165
480,632

350,694
494,129
84,076
209 ,005
472,006

057,090

...I r K ,

* T h e s e fig u re s I n c lu d e C o lo r a d o M id la n d f o r a ll y e a r s .
a F o u r t h w e e k n o t r e p o r t e d —f ig u r e s t a k e n s a m e as la s t y e a r .

Much the same remark applies to the Northwest,
the decreases being insignificant as a rule, while the
increases are large and general.
EA RN IN G S O F N O R T H W E S T E R N LIN E S .
M ay.

1893.

1892.

B u rl. C e d . R . & N o.
C h ic. G t. W e s t e r n .
C h ic. M il. & S t.P a u I
C h ic . R . I. & P a c . .
D u lu th S. S. & A t l .
G r. N o r t n e r n S y s ..
I o w a C e n t r a l............
M ilw a u k e e & N o r ..
M in n . & S t. L o u is ..
M. S t. P . & S. S. M .
3 t . P a u l & D u lu t h .

*
310,858
354,038
2,540,293
1,610,757
184,013
1,145.494
146,854
161.232
118,366
246,739
157,710

*
277,460
353,2-47
2,251,619
1,256,808
205,666
992,169
123,508
131,708
136,576
198.571
129,930

*
264,823
873.083
2,097,518
1,281,793
172,837
1,024,956
106.320
120,993
134,275
142,932
170,948

*
281,856
858,931
2,000,254
1,591,850
228,790
010,398
127,452
142,972
105,263
176,158
123,040

$
217,716
224,528
1,929,708
1,291.939
197,497
716,935
107,807
94,392
107.800
100,808
101,474

t
194,501
176,213
1,707,065
1,292,825
114,100
743,455
103,030
92.087
103,001
70,534
132,443

T o t a l ....................

7,007,004

6.057,348

6.887,651

5 ,9(9,97 5

5,093,654

4,795,860

1890.

1891.

1839.

1888.

The trunk lines, outside of the New York Central,
the Cleveland Cincinnati Chicago & St. Louis and the
Wabash, show comparatively small changes from last
year.
EA RN ING S O F T R U N K LIN ES.
M a y.

1892.

1893.

B . & O. S ’ W
C .C .C .& S t.L
P e o .& E a s t .
G .T .o f C a nt
C li.& G .T . a
D .G .H & M a
N .Y .C . & H .
O h io & M iss.
W abash —
T o t a l .........

1891.

1890.

1889.

1888.

191,239
1,1S1,238
142,174
1,423,722
262,638
83,187
4,001,613
326,628
1,110,678

*
191,015
1,097,354
133,741
1,414,681
271,918
81,359
3,643,403
31 0 ,1L7
955,369

$
187,830
1 ,026.72S
122,710
1,3G0,101
244,857
75,542
6,471,437
332,703
1,038,647

s
176,466
1,118,853
115,011
1,497,395
278,150
7 2 ,2 3 i
3,435,550
362,001
937,784

*
155,891
1,070,273

$
160,560
850,463

1,443,231
254,277
68,019
8,165,787
313,970
1,023,672

1,405,375
242,683
75,930
3,086,460
292,701
1,002,653

8,723,117

8,098,957

7,863,550

7,993,412

7,495,020

7,110,614

1

t F ou r w eeks.
a F o u r t h w e e k n o t r e p o r t e d —fig u r e s t a k e n s a m e a s la s t y e a r .

S in ce J a n u a r y 1.

1892.

1892.

The other roads in the Middle and Middle Western
States in the great majority of cases report improved
earnings, though a few (among them the Columbus
Hocking Valley & Toledo and Toledo & Ohio Central,
both of which suffered from the coal miners’ strike), re­
port diminished earnings.
EARNINGS O F M ID D L E AN D M ID D L E W E ST E R N R O A D S.
M ay.

1893.

1890.

1889.

1888.

Bu ff, R o c l i .& P i t t .
C h ic a g o & E a s t. 111.
C h ic. & W e s t M ic h .
C ol. H o c k . V .& T o l .
D et. L a n s in g & N o .
E v a u s v .& T e r r e H .
F lin t & P . M a r q ___
Gr. lt a p .& I u d . S y s.
L lliu ois C e n t r a l . .. .
L a k e E r ie & W e s t .
L o n g I s la n d ............
L o u .K v a n s .& S t.L .
L ou ts. N . A . & C h ic .
N . Y . O u t. & W e s t .
P it t s b ’g & W e s t ’ n .
St. L . A . & T . H ----T o l. &, O h io C e n t...
T o l. P e o . & W e s t . .
T o l . S t. L . & K . C ..
W e s t. N . Y . & P a . .
W h e e l. & L . E r i e ..

*
299,053
348,891
177,704
243.309
99,858
109,315
255,615
271,740
1,710,745
296,509
389,215
150,300
281,471
31S,9S2
262,195
128.524
137,290
74,007
186,896
304,300
136,089

*
t
242,944
268,592
299,012
234,313
140,389
160,717
282,987
231,501
95,920
93,761
89,484
100,334
217 ,71»[
211,450
230,211
251,519
1,453,353 1,423,573
251,429
219,830
352,706
300,052
125,74S
107,901
230,91.
258,406
240,301
299.003
187,80.
198,949
100,0010L.29B
125,095
111,231
70,845
72,010
188,421
165,884
280,825
294,149
129,640
104,007

*
194,001
240,415
143,613
259,153
97,299
84,369
247,450
266.448
1,308,898
257,192
329,284
100,511
214.966
190,160
196,295
101,774
145.723
76,268
134,700
297,270
98,214

f
100,418
184,838
114,401
196,753
80,585
72,013
199,335
235,428
1,259,013
186,007
281,032

*
161,105
212,359
128,200
257,680
83,112
65,001
218,545
232,621
1,070,361
157,963
277,889
79,042
186,736
141,979
173,210
70,349
111,817
71,917
37,478
247,542
70,893

0,142,818

5,474,343

5,168,392

4,090,875

4,384,0091 1,000.070

T o t a l ....................

1892.

1891.

95,016
198,393
156,001
205,111
81,829
110,949
74,790!
02.218
292,703
73.4S3]

Among the Pacific roads, the Northern Pacific (in­
cluding the Wisconsin Central, which is not separately
given this time), reports, as already stated, a gain,

THE CHRONICLE,

962

as against losses in the month preceding, whereas the
Canadian Pacific has again suffered a decrease.

d r o ss E a r n in g s .
N am e o f R oad.

EARNINGS OF PACIFIC KOADS.
1892.

1893.

M ay.

1891.

1890.

1889.

1888.

i
C a n a d ia n P a c i f ic .. 1,669,000
N o rth e r n P a c ific .)
2 21 0.70 71
W ls .C e n t .lia e s . J
212,400
■Rio G r a n d e W e s t .a

*
1,702,624
1,724,375
440,790
215,350

*
1,002,920
1,902,772
390,705
204,950

*
1,390,350
1,904,771
452,494
162,047

t
1,177,421
1,632,186
341,290
107,528

*
1,077,615
1,537,289
303,017
103,544

3.992.107

4,0!-3,145

4,101,353

3,976,262

3,258,425

3,022,035

T o t a l .....................

a Fourth week not reported—figures taken same as last year.

GROSS E A R N IN G S A N D M IL E A G E IN M A Y .
M ile a g e .

Gross E a r n i n g s .
N am e o f R oad%

1893.

St. L .A S . Fran.8ys
A tlanta A Florida—
Balt. A Ohio Southw.
Birm ’ham A Atlantic
Brooklyn Elevated..
Buff. Roch. A P itts..
Burl. Ced. R. 6c Nor..
Canadian Pacific-----Carolina Midland—
Char. Cin. & Chic—
Chesapeake A Ohio..
Ches. O. & So. West’n .
Chic. A East Illinois.
Chic. Great Western
Chic. Mil. A St Paul.
Chic. Peo. A St.Louis.
Chic. R. Isl. 6c P a c ...
Chicago & Ohio River
Chic. 6c West M ich...
Cin.Georg. & P o r ts...
Cin. Jack. A M ack___
* Cin. N. Oi l. A Tex. P.
*Ala. G t. Southern..
^N.Orl. A Northeast
* Ala. 6c Vicksburg..
’ Vicks.Shrev.&Pac.
Cin. Northwestern. . .
Cinn.Portsm’ th & Va.
Col. & M aysville...
Clev. Akron A C o l...
Clev. Cin.Ch. A St. L . .
Peoria A East. Div.
Cleverd 6c M arietta..
Col. Hock. Val. A Tol
Colusa & Lake............
Current River.............
Denv. A Rio Grande..
Ties Mo. No. 6c W est.
L e t. Bay City A Alp.
B et. Lansing & Nor ..
JDal. So. Shore A A tl..
* £ . Tenn.Va. & G a.Elgin Joliet A East . .
Evansv. 6c Indianap.
Evausv. & Richmond.
Evansv. 6c T. Haute.
Flint 6c Pere Marq. . .
Fort Worth A R io G ..
Ga. South. & Florida.
Gr.Rapids &Indiana.
Cin. Rich. & F t. W -.
Traverse City.........
Musk. Gr. R. 6c Ind
tGr. Trunk of Canada
*Chic. A Gr. Trunk.
*D et.G r.H av.AM il.
G t. N o —S.P. M .A M .
Eastern of M inn..
Montana Central..
G ulf A Chicago...........
Humeston 6c Shen . . .
Illinois Central..........
Ind. Dec. A Western.
Internat’l & Gt. N o ..
•*Intcroceanic (Mex.).
Iowa Central...............
Iron Railway...............
Kanawlia 6c M ich___
K an. C. Clin. 6c S p r ...
K an. C. Ft. S.6c M em ..
Kan. C. Mem. A B ir ..
K an.C ily Pitts.&Gulf
KaD. City Sub. Belt..
K an. C.Wyan. & N.W.
* Keokuk 6c W estern..
Bake Erie All. A S o ...
Bake Erie & Western.
Lehigh A Hud. River.
L ong Is la u d ............. .
Boulsv. Evans. Ac St.L
Bouisv. 6c Nashville..
Bouisv. N. A lb .& Chic
Bouisv. St.L. 6c T e x ..
Macon 6c Birming’m
Mauistioue...................
Mexican Central.......
Mexican N a tion a l....
1Mexican R ailw ay..
Milwaukee 6c North’ll
Mineral Range...........
Minn. 6c St. Louis___
Minn. S t.P .A S.SteM .
Mo. Kaus. ATex.sys.
Mo. Pac. 6c Iron M t..
Mobile A Ohio.............
N . Orleans 6c Soutb'n
N.Y.Ceu. A Mud. Riv.
N . Y . 6c Northern.......
N. Y . Ont. A*V\ est___
Norfolk A tV estei n ..
Northern Pacific... )
Wise. Cent, lines $
PI’ ’ /'
'GVeippii v,|

$
3,435,141
727,875
3,992
191,239
2,801
174,311
299,053
310,858
1,569,000
2,700
9,125
856,328
181,310
34.8,891
354,038
2,540,293
113,355
1,610,757
9,032
177,764
5,823
52,429
207,881
83,323
68,576
23,629
17,129
1,767
22,528
1,187
85,805
1,181,238
142,174
26,576
243.309
2,121
2,845
729,300
29.393
42,300
99,858
181,613
286,724
76,154
29,313
14,799
109,345
255,615
30,281
04,700
212,304
38,698
5,538
15,203
1,423,722
198,720
62,682
970,408
74,096
100,989
3 ,6 3 t
8,500
1,716,745
31,441
318,820
124,921
146,854
4,309
34,132
8,617
340,159
6 ,56y
12,123
22,471
26.833
18,762
5,269
296,569
57,650
389,215
156,360
1,758,040
284,471
50,687
4,154
10,081
700,662
366,238
215,426
161,282
9.S22
113.360
246,73
896.227
2.082,764
288.708
11,854
4,001,613
55,0 U
318.982
8 7 3 ,16t

1892.
$
3,201,659
695,490
7 ,3 7 5

191,015
3.869
167,447
268.592
277,460
1,702,624
3,744
9,448
744,454
167,092
299,012
353 ,2 4 7
2 ,251,619
91,677
1,256,896
5,177
160,717
5,630
53,028
220,169
84,473
59,684
25,539
18,714
1,645
20,323
1,162
84,720
1,097,354
133,741
24.S37
282,987
1,754
4,186
678,000
29,280
30,106
93,761
205,666
300.108
60,425
28,099
9,483
1 0 0 ,3 3 ;
217,749
32,824
58,473
191,100
39,168
4,791
16,490
1.414,681
208.007
60,854
794.003
83,232
114,931
3.012
8,890
1,459,35.5
30,263
267,242
114,800
123,508
2,994
36,011
6,535
344.038
81,211
3,946
4,100
21,329
I7 ,1 6 t
6.294
2 4 9 ,83»
39,275
360,652
107.901
1,707,678
254,466
50,056
7,059
15.921
653,425
319,84s
230,796
131,706
10,813
136,576
198,571
746,825
1,908,394
263,480
13,902
3,613,403
45,286
299.063
736 ,5 0 5
2,210.707 2 ,1 65.170
30a
3 1 0 .H T

In crea se or
D ecrea se.

1 8 93.

1892.

<g
+ 2 3 3 ,4 8 2 7,481 7,478
+ 3 2 ,3 8 5 1,864 1,864
105
105
—3,383
+221
281
281
22
22
—1,068
18
18
+ 6 ,8 6 4
294
294
+ 30.461
+ 3 3 ,3 9 6 1,134 1,083
- 1 3 3 ,6 2 4 6,015 5,767
55
55
- 1 ,0 4 4
175
175
—32
+ 111,874 1,269 1,254
398
398
+ 14,218
480
480
+ 4 9 ,8 7 9
922
922
+791
+ 238,674 5 , 7 2 1 5,721
416
416
+ 18,678
+ 3 5 3 ,8 6 1 3,507 3,456
86
+ 3 ,8 5 5
86
431
+ 17,047
481
42
42
+ 193
345
—599
345
336
33
—12,288
295
295
— 1,150
196
+ 8 ,8 9 2
196
— 1,910
143
143
170
— 1,585
170
+ 122
8
8
+ 2 ,2 0 0
106
106
+25
19
10
+ 1 ,0 8 5
194
194
+ 8 3 ,8 8 4 1,852 1,852
+ 8 ,4 3 3
351
351
+ 1 ,7 3 9
106
106
—39,678
327
327
22
22
+367
82
— 1,341
82
+ 5 1 ,3 0 0 1,646 1,637
150
+113
150
+ 1 2 ,1 9 1
209
209
+ 6 ,0 9 7
323
323
—21,053
589
589
-1 3 ,3 8 1 1,253 1,253
+ 1 5 ,7 2 9
177
177
+ 1 ,2 1 4
156
156
102
+ 5 ,3 1 6
10 2
+ 9 ,0 1 4
165
165
+ 3 7 ,8 6 6
630
630
—2,543
146
146
+ 6 .2 2 7
285
285
+ 2 1 ,2 0 4
432
432
— 470
86
86
+747
26
26
— 1,287
3
37
+ 9 ,0 4 1 3,515 3,505
—9,287
335
335
+ 1,828
189
189
+ 176.405 3,603 3,027
— 9,136
72
72
—13,945
253
235
+ 624
62
62
—390
95
95
+ 2 5 9 ,3 9 2 2,83-! 2,888
+ 1,178
152
152
+ 51,57©
825
825
+ 10,121
5L9
438
+ 23,346
497
497
+ 1,315
20
20
—1,879
142
142
+ 2,082
163
163
—3,879
671
671
— 15,642
276
276
+ 8 ,1 7 7
8»
81
+ 19,363
35
30
+ 2 ,5 0 4
23o
235
+ 1 ,5 9 6
148
118
— 1,025
61
61
+ 46,733
725
725
+ 1 8 ,3 7 5
90
90
+ 2 8 ,5 6 3
361
361
+ 4 8 ,4 5 9
368
368
+ 5 0 .3 6 2 2,933 2,860
+ 3 0 ,0 0 5
537
537
+ 63
166
166
—2,905
97
97
- 5 ,8 4 0
44
41
+ 4 7 ,2 3 7 1,847 1.803
+ 4 6 ,3 9 3 1,218 1,218
— 15,370
321
321
+ 2 9 .5 7 6
362
362
—991
17
17
+ 11,790
33?
335
+ 48,168
995
902
+ 149,402 1,783 1,672
+ 174,380 5 ,3 7 - 5,351
+ 25.228
*637
687
— 1,948
65
65
+ 3 5 9 ,2 1 0 2,096 2,096
+ 9.74.4
61
61
+ 1 9 .9 1 9
4?,
477
+ 1 3 6.-.5 4
1,349
+ 45,537 5,246 5,222
+ 16.511
636
636

[V ol. LVI.

Ohio R iver....................
Peo. Dec. & E v a n s v ..
Paduc. Tenn. A A l a ..
Tennessee Midland
Pitts. Marion A Chic.
Pittsb. Shen. A L. E .
Plttsb. A W estern___
Pittsb. Clev. A Tol.
Pittsb. Pa. A F air..
Quin. Omaha A K . C ..
Rio Grande South’n.
"Rio Grande Western
8t. Jos. & Gr. Islan d ..
St. L. Alt. A T .H .........
St. L. Kennett A S o ..
St. Louis Southw e?u.
St. Paul A Duluth___
Sandersv. A Tennille.
*8an Fran. A No. Pac.
Sav. Amer. A M on t..
Silverton.......................
Sioux City A North'n
South Bound...............
South Carolina...........
Texas A Pacific..........
Tex. Sab.V .A North..
Tol. A Ohio Central.a
Tol. Peoria A W est’n.
Tol. St. L. A K . City .
Wabash..........................
Western Maryland. . .
West. N. Y . A P e n n ..
Wheel. A Lake E rie ..

1893.

1892.

$
67,500
66,553
26,789
17,005
2,830
34,620
140,580
68,785
2 9 ,2 6 ‘
20,547
47,805
1 31,400
97,721
123,524
1,852
3 6 1 ,83t
157,710
355
4 6 ,5 5 '
43,691

S
53,711
60,062
22,0 3 2
17.343
2,912
26,330
105,249
51,386
27,569
13,19^
55,5 3 6
134,350
81,219
101.298
2,259
303 ,3 8 2
121,930
319
45,301
39,339
6,370
30,742
13,000
9 2,8 -9
411,643
3,201
1 44,231
72,010
138,421
9 55,369
82,985
2^ 0,300
129.640

6 ,0 0 0

33,970
15,000
89,5 0 0
494 .3 3 9
3.89S
137 ,2 9 0
74.607
136 .8 9 6
1,110,678
92,9 4 3
301 ,3 0 0
136,039

M ile a g e .

In crea se or
1893.
D ecrea se.

+ 8,783
+ 6 .4 9 1
+ 4 ,7 5 7
— 333

1 8 92.

215
254
119
135
25
178
214
77

-8 2
+ 7 ,7 9 0
+ 3 5 ,3 4 0
+ 17,390
61
+ 1 ,6 9 3
134
+ 2 ,3 5 5
172
—7 ,7 3 1
501
—2,950
+ 16,422
445
239
+ 2 4 ,2 2 8
—407
20
+ 5 8 , ©04 1,222
24S
+ 27,780
3
165
+ 1 ,2 5 7
300
+ 4 ,3 5 2
— 370
20
96
+ 3 ,2 2 8
136
+ 2 ,0 0 0
270
—3,329
+ 8 2 ,8 9 6 1,497
+697
38
316
- 6 ,9 4 1
247
+ 2 ,5 9 7
451
— 1,525
+ 1 5 5 ,3 0 9 1,933
221
+ 9 ,9 5 3
+ 23,5 0 0
640
+ 6 ,4 4 9
255

215254
88
135
25
178
214
77
61
134
172
501
445
239
20
1 ,2 2 2

248
3
165
300
20
96
136
270
1 ,4 9 7
33

316
247
451
1 ,933
205
640
255

Total (137 road s)... 4 3 ,0 74,031 3 9 ,5 36,977 + 3 ,5 3 7 ,0 7 4 95,809 9 4 , 1 2 2 .
* Only three weeks of M ay in each year.
1 For four weeks ending M ay 27.
a Includes Toledo Columbus & Cincinnati in both years.
| Includes Colorado Midland for both years.
GROSS EA R N IN G S FROM J A N U A R Y 1 TO M A Y 31.
N am e o f R oad.

1893.

1892.

In crease.

$
$
$
Atch. T od . A S. Fe S v s.; 1 6 ,0 25,079 14,681,703 1 ,343,376
299 ,4 7 0
3,5 4 6 ,7 3 2
3 ,2 4 7 ,2 6 1
St. L. A S- Fran. S y s ..
Atlanta A Florida...........
33,225
3 4 ,3 5 d
1,0 3 5 ,0 9 6
1 ,041,836
Balt. A Ohio Southwest.
14,812
) 6 ,7 5 6
Birmingham A Atlantic.
38,7 3 6
837,976
799 ,2 4 0
Brooklyn Elevated.........
1 ,343,467
92,035
Buff. Rocli. A Pittsburg.
1 .251,382
1,603,263
Burl. Ced. Rap. A N o ...
1 .561,108
8,029,211
7 ,532.582
Canadian Pacific.............
21,0 0 6
21,861
Carolina Midland...........
823
60,164
Charleston Cin. A Chic..
60,987
107,093
9 82,433
875 ,3 4 0
Chesap.AOhio Southw..
356,333
3,7 4 2 ,7 0 4
4,0 9 9 ,5 3 7
Chesapeake A Ohio........
184,727
1,736,244
1,551,517
Chic. A East’n Illinois..
1,719,642
1,823,248
Chic. Great W estern___
462,238
Chic. Milw. A St. P au l.. 12,607,935 1 2 ,1 45,697
505 ,0 8 2
45,853
5 53,935
Chic. Peo. A St. L ouis..
6 6 6 ,7 0 4
7,2 7 7 ,3 9 2
6,610,683
Chic. Rock Isl. A P a c ...
22,245
7 62,614
7 84,859
Chic. A W est Michigan.
889
25,253
26,142
Cin. Georg. A Portsm’th
18,913
284.924
266,011
Cin. Jackson A M a c k ...
1,5
3
0
,2
1
6
1
,5
79,369
■*Cin. N.O. A Texas Pac.
3.575
673 .0 9 0
676,665
*Ala. Great Southern
72,522
5 45,846
47 3 ,3 2 1
*N. O. A Northeastern.
2 32,752
212,539
* Alabama A Vicksburg
197,077
* Vicksb. Shrev. A Pac.
207 ,2 1 8
7,723
7,831
Cincinnati Northwest’n.
14,220
1 0 4,6 T9
90,459
Cinn. Ports. A Virginia.
5,495
5 ,769
Columbus A Maysville
3 82,473
410,861
28,388
Cleve. Akron A Col........
5 ,4 6 1 ,3 1 4
5 ,5 96,936
Clev. Cin. Chic. A St. L . .
665,509
704,415
Peoria A Eastern.........
141,341
130 ,6 6 0
10,681
Cleveland A M arietta..
56.341
1 ,323,779
1 ,2 6 7 ,4 3 d
Col. Hock. Val. A Toledo
572
8,214
8,786
Colusa A Lake..................
72,445
75,154
Current River..................
1 03,080
3 ,532,628
3,4 2 9 ,7 4 8
Denv. A Rio Grande___
153,904
Des Moines Nor. A West
159,218
43,5 8 0
152,012
200,592
D ct.B a yC ityA Alpena.
467 ,7 9 2
20,112
488,204
Dot. Lansing A North’n.
809,625
Dul. So. Shore A A t l ...
791,428
2,2 3 9 ,4 7 5
2 ,354,449
•East Tenn. Va. A G a ...
58,252
391,509
333 ,2 5 7
Elgin Joliet A E ast........
8 .134
1 46,476
138,312
Evansv. A Indianapolis.
14,824
59,2
3
1
44.407
Evausv. 6c Richmond...
33,441
529,594
496 ,1 5 3
Evansv. A Terre Haute.
1 ,232,320
Fliut A Pere Marquette.
1,2 5 2 ,1 9 8
14,097
147,988
162,085
Ft. Worth A Rio Grande
41,849
Ga. South’n A Florida..
346,031
3 06,182
962 .5 5 2
9 73,530
Gr. Rapids 6c Ind iana...
195,029
194 .5 2 9
Ciu.Rich.A Ft. W ayne.
544
23,652
23,103
Traverse City...............
75,0 1 8
Mus Gr. R. A lu d ___
64,018
7 ,397,254
7 ,5 4 5 .4 2 0
tGr. Trunk of Canada..
1,511.430
’•Chic. A Gr. Trunk....
1 ,320,066
4 0 .,7 7 4
4 3 2 ,9 )3
"D et. Gr. H. A M ilw ...
40,070
Great Nor. St. P. M .A M.
4 ,6 14.453
4,6 8 4 ,5 2 3
3 73.068
Eastern of Minnesota.
368 .7 1 0
4 7 1 ,9 6
13,075
485 042
Montana Central.........
15,214
2,111
17,325
Gulf A Chicago.................
54,562
59.434
Humeston A Shenani’h
7 ,5 1 0 ,3 )2
415 ,3 4 1
7,9 2 5 .6 6 3
Illinois Central................
.............
189,661
Indianap. Dec. A W e s t..
175,863
1 ,404,225
3 0 7 . see
Int. A Great N orthern..
1,712.091
756.219
879,027
122,803
Iuteroceanic (M ex.) . . .
741,063
7 23,613
17,450
Iowa Central.....................
13,284
17,467
4,183
Iron Railway....................
119.921
Kanawha A Michigan ..
146,329
....
1 1 6,6 37
129,879
Kan. City Cliu. A S p r ...
16.758
62,3 1 9
2,069,991
2,007,672
Kausas C. Ft. S. A M em ..
4 46,802
Kan. City Mem. A B:r .
461 ,2 0 5
14,403
Kan. City Pitts. A Gulf.
39,5 5 0
21,139
18,411
62,3 4 0
Kansas Citv Sub. B elt..
82,857
20,517
Kali. City Wy. A N . W ...
140.398
13 7,906
2 ,492
Keokuk A Western___
1 43,860
151,359
1 ,101,014
Lake Erie A W estern ...
1,334.531
146,483
32,969
L. Erie Alliance A S o ...
3 3.42 L
452
f Aliio-V) ,Vj TTurtsrm Riv***’
214.5 36
155.-8*44
6 8 .6 4 2

D ecrea se

$
1 ,1 3 0
6 ,7 4 0
1 ,9 4 4

3 9 ,1 5 5
496 ,6 2 9
855-

1 0 3 ,6 0 4

........ ..
4 9 ,1 5 3
2 0 ,2 1 3
10,141
108
265
1 3 5 ,6 2 2
3 8 ,9 0 6

1.2,709'
5 ,3 1 4
13,1 9 7
12 3 ,9 7 4

13,878........
1 0 ,9 7 8
500
11,0 0 0
148,166
183.364
3 1 ,2 1 9
4 ,3 5 8
4 ,8 7 2
.... .........
13,7 9 8

............
3,592.

7,499..............

THE CHRONICLE.

J une 10, 1893.]
N am e o f R oad.

Long Island......................
Louisv. Era nsv. <&St. L.
Louisville & Nashville..
Louisv. N. Alb. & Chic..
Louisv. St. L. &-T e x a s..
Macon <fc Birm ingham ..
M anistique........................
Mexican Central.............
Mexican National...........
t Mexican Railway.........
Milwaukee & Northern.
Mineral Range.................
Minneapolis & St. Louis
Minn. St. P. & S. Ste. M.
Missouri K. <fe T ex, sys..
Mo. Pacific & Iron M t..
Mobile & Ohio...................
N. Orleans <fc Southern.
N . Y . Cent. & Hud. R iv..
New York & Northern..
N . Y. Ontario & W est’ l l ..
Norfolk & W estern.........
Northern Pacific......... >
Wiscon.Central Lines >
Ohio & Mississippi.........
Ohio R iv er........................
Paducah Tenn. & A la ..
Tennessee M idland...
Peoria Dec. & E van sv..
Pittsb. Marion & Chic..
Pittsb. Shen. & L. Erie.
Pittsburg & Western___
Pittsb. Cleve. & Tol.
Pittsb. Paines.® F ’pfc..
Quincy Omaha & K . C ..
Rio Grande Southern...
*Rio Grande W e ste rn ...
St. Jos. & Grand Island.
St. L. A lt.& T .H .B r’chs.
St. Louis Southwestern.
St. Paul & Duluth...........
Sandersv. & T ennille....
*3an Fran. & No. Pacific
Savan. Amer. & M ont..
Silverton............................
Sioux City & Northern.
South Bound.....................
South Carolina.................
Texas & Pacific...............
Tex. Sabine V al. & N .W .
Toledo & Ohio Central a
Toledo Peoria & W est’n.
Tol. St. L. & Kan. C ity..
W abash................................
W estern Mary land.........
W est N. Y . <fc P a .............
W heeling & Lake E r ie ..

1893.

1892.

*
1,4 1 6 .8 1 6
786 ,9 9 9
9,001,294
1,269,034
25 3 ,9 9 8
27,852
59,877
3,364,788
1 ,8 79,840
1,292.278
697,458
43,360
692,612
1,194,3^6
3 ,829,952
10,724,878
1,402,502
55,162
18,473,508
237.034
1,423,283
4 ,191,469

$
1,3 13,452
5 14,149
8 ,458,352
1,209,233
257 ,2 9 6
3 1 ,91C
66,503
3,1 6 9 ,3 1 2
1 ,641,726
1 ,3 3 1 ,3 0 '
643,133
54,281
729,082
1 .121,637
3,3 1 4 ,8 9 6
10,308,713
1,401,964
58,905
1 7 ,6 -3 ,9 1 0
1 96,873
1 ,2 51,573
3 ,770,029

789.698
40,211
176,710
421 ,4 4 0

9 ,5 25,774

10,474,364

........

1 ,7 34,605
3 02,006
132,828
92,243
349,182
16,324
151,613
607,206
311 ,4 4 7
123,066
108,353
250,836
808,972
504,941
653,222
2,086,581
669,68 i
2,573
277,517
215,658
13,913
155,372
95,967
596 ,0 7 4
2 ,7 47,608
22,079
815,920
380.385
715,849
5.322,737
445,599
1,4 6 3 ,8 6 4
600,312

1,6 3 8 ,5 7 6
249,659
71,925
69,765
328,885
16,851
140,543
550,010
238,613
118,941
111 ,6 0 4
225 ,7 7 4
883,547
4 44,379
5 70,519
1 ,6 61,729
6 68,838
2,185
2 68,074
187,068
13,398
157,865
67,302
5 7 4,5 46
2 ,5 2 5 ,7 6 0
18,297
703,292
399,643
802,238
5 ,359,035
370,746
1 ,3 3 6 ,3 3 :
5 5 5 ,3 4 0

In crea se.

$
23,38 i
271.950
542,942
59,851

D ecrea se.
»

3,298
4 ,018
6,626
19 5 ,4 7 6
2 3 5 ill 4
39,0 2 9
54,3 2 5
10,921
36,4 7 0
68.669
485 ,0 5 6
416,165
533
3,743

9G.029
5 2 ,3 4 7
€ 0 ,9 0 3
23.478
20,2971

948 ,5 9 0
.............
.............
.............
530

11,070
57,196
72,8 3 4
4,125
3,251
24,062
60,562
82.703
4 24,852
846
393
9,413
28,590
515

74,575

2,493
28.665
21,528
2 21,848
3,782
112,628
19,263
86,389
36,298
74.853
1 27,527
44,972

Total (135road8)___ 2 19,740,879 2 1 1 ,5 7 5 ,0 :5 10.935,281 2.7 69,417
N et increase.......................

........

* Only three weeks of May in each year,
t To May 27.
a Includes Toledo Columbus & Cincinnati in both years,
t Includes Colorado Midland for both years.

C O T T O N A C R E A G E , S T A N D A N D C O N D IT IO N
1893*

The tendency at the South this spring has been to
increase the area devoted to the cultivation of the
staple. Perhaps this was to be looked for after the re­
duction in acreage last year, and yet in view of the
large available supply of cotton in the markets of the
world the expectation had been entertained in certain
quarters that producers would rigidly limit planting.
Earnest efforts were made by representative men in
various States, more particularly in Texas and Arkan­
sas, to induce farmers to reduce acreage, stress being
laid upon the possible dangers from an opposite course.
These arguments at .first appeared to fall flat. Later,
however, facts made an impression that could not be
accomplished by argument— that is, the downward
tendency of the price of the staple undoubtedly served
to make the increase of acreage more moderate than
would otherwise have been the case.
Another circumstance which also operated to an
extent to keep down acreage has been the overflow in
* N o te .—T he present Acreage Report lias been prepared without the
supervision of Mr. William B. Dana, who has always previously given
the Report his personal attention. On that account it has been deemed
best to omit the review of the previous season’s crop, which has
usually appeared as an introductory to this Acreage Report,
ft Mr. Dana has also concluded to drop a part of his work on the A n ­
nual Cotton Crop Report in September—more specifically the extended
review of European and American consumption, which has formed a
feature of the Reports in the past. This review having always been
written by Mr. Dana, and being the result of special study and inves­
tigation on his part, no attempt will be made to supply its place here­
after. AU the other matter, however, and the statistical tables will be
continued as heretofore, under Mr. Dana’ s direction. Mr. Dana has
been ill recently, and takes this step to lighten his labors.

953

the Mississippi Valley, though the effect of this has
not been so great as a year ago; for while iu the current
year the inundation is mainly confined to counties in
Louisiana and Arkansas bordering on the Mississippi,
last year the Red R:ver in Louisiana and the Arkansas
and other rivers in Arkansas overflowed as well as the
Mississippi itself. A summary of the facts with regard
to the flood this year, so far as we have been able to
obtain them, will be found in the details for the
separate States further below.
The investigations we have made this year regarding
the plant have been very full and complete a3 usual,
but in consequence of retarded development are not so
conclusive as in an average year. Telegraphic reports
supplementary to our mail advices, however, enable us
to present the situation as it is on the 7th of June. In
this manner we have learned that the plant is improv­
ing perceptibly in many localities under the influence
of the favorable weather which has prevailed during
the past two weeks. Altogether, the plant seems to be
in better condition in Texas, Florida and Alabama than
elsewhere in the South, although backward generally.
With these explanations, we give the following sum­
mary by States of the information respecting this year’*
growth and its present surroundings, which we have
received by letter and telegraph from our correspond­
ents throughout the South. A study of these data will
help the reader to form a correct opinion a3 to the
spring promise of the cotton plant.
V i r g i n i a . —There was no particular difference between the
date o f planting this year and last, beginning about the 20th
o f April and being completed by the middle of May. Seed
came up rather poorly this year. Since growlh began the
weather has been rather too cool and too dry, injuring the
plant in some sections and making replanting necessary to a
fair extent. Stands as a general thing are fairly good. Fields
are in good condition. Acreage has apparently increased
about 8 per cent. Fertilizers—An increase in the takings of
commercial sorts is to be noted, but there has been a decrease
in the use of home-made manures.
N o r t h C a r o l i n a . —Planting began in the earlier sections of
North Carolina about the first of April, but seeding did not
become general until towards the close of the second week of
that month. Work progressed satisfactorily, planters meet­
ing with no especial hindrance, and was finally completed be­
tween the 10th and 15th of May, or about one week in advance
of 1892. Our reports on germination are somewhat contra­
dictory, but it would seem that early-planted seed got the
best start, adverse meteorological conditions interfering with
late planting. On the whole, however, it may be safely stated
that seed came up fairly well. The development of the plant
was retarded by too low temperature during the latter part of
April and the first three weeks of May, but latterly conditions
have been generally favorable, and growth has been quite
satisfactory. Some replanting has been necessary, but not to
any considerable extent, and moreover mainly in sandy lands.
Stands.—The plant is, as a rule, smaller than usual at this sea­
son of the year, although growing nicely at present; at the
same time the stand secured averages good, varying in differ­
ent sections from poor to “ never better.” The conditions
which served to check the growth of cotton bad a like effect
on foreign vegetation, and in consequence weeds and grass
have not become troublesome to any extent. In fact at this
writing not only are fields well cultivated, but tte plant is
making excellent progress in development. Acreage has been
increased to an appreciable extent, and in some sections the
addition to area is practically as great as was the decrease
last year. Taking the State as a whole, however, the decline
of 1892 has not been fully offset, the gain in acreage being
about 11% Per cent. Fertilizers.—A veiy considerable increase
in the use o f commercial sorts is to be noted, but there has
been little or no change as regards home-made manures.
S o u t h C a r o l i n a . —There was no material difference in the
planting season this and last year, except that a few farmers
bpgan work a little earlier; but for the whole State the finish

954

THE CHRONICLE.

was not more than two or three days in advance of 1892. As
r rule the seed germinated well, but growth was checked
during April and the first two weeks of May by too low
temperature at night. Another drawback during a portion
of the same period was deficiency of moisture. Despite these
adverse conditions the plant is in the main healthy-looking,
though small. A change for the better in the weather set in
about May 18, since which time a decided improvement in
condition can be seen. Late telegraphic advices denote that
the weather continues about as desired, and as a result the
present outlook is more encouraging. There are so many
causes to which the necessity for re-planting can be traced
that it would be a very exceptional season in which none
would be required. It is a fact that only a limited amount
has been done this year, and that mainly in light or sandy
lands, where high winds and lack of rain had caused the plant
to die out. Stands—As may be inferred from the foregoing,
nothwithstanding the retarded development in the early part
o f the season, a good stand has been obtained. Furthermore,
fields are generally well cultivated. Acreage—The tenor of
Our returns on this point is that there has been an appreciable
increase in the area devoted to cotton; in some cases the
addition nearly covers the reduction made in 1892, while in
others a fair gain over 1891 is indicated. After consideration
of all the facts we have been able to gather, our conclusion is
that acreage is about 12 per cent greater than a year ago.
Fertilizers—A material increase in the takings of commercial
sorts has taken place. On the other hand the high prices
obtainable for cotton-seed at the oil mills led farmers to sell,
and as a result the use o f home-made manures records a
considerable falling off.
G e o r g i a . —On the average the planting season was about
on a par with last year in Georgia, beginning in some sections
about the middle of March and finishing generally in the first
week of May. While the season in April this year was in
some respects more favorable than in 1892, there are com­
plaints that temperature was below normal. With regard to
germination our returns are quite full and they indicate that
the seed came up well. In fact some correspondents state
that the start was excellent. Since growth began the meteor­
ological conditions have been, as in many other sections of the
South, mainly unsatisfactory. At times there has been too
much rain, adversely affecting crops on low lands and nights
have been too cold. Growth has therefore been backward
and the plant is smaller than usual. One correspondent aptly
describes the appearance of the plant near the close of May by
stating that “ it is hugging the ground closely.” On the whole
the crop has an unfavorable start, being rather behind last
year. Replanting has been carried on to a considerable ex­
tent in a number of sections, cold winds having wrought
damage. On the first of June the situation in Georgia was
not very encouraging, but since that date an improvement is
to be noted as the result of more favorable weather. Stands
range from poor to good and average only fairly good, but
some of the replantings are only just now reaching a standAcreage.—Planters started in with the intention of appreci­
ably increasing acreage, but declining prices for the staple
have caused many of them to modify their views, and in con­
sequence only a moderate addition to last year's area has been
made—say about 7 percent. Fertilizers.—It the returns made
to the Georgia Department of Agriculture of the amount of
fertilizers inspected are any criterion, the takings of commer­
cial sorts have largely increased. To partly offset this gain it
can be said that cotton seed, which generally forms the basis
of domestic compounds, has been freely sold to oil mills this
year on account of the high prices.
F l o r i d a .— Our replies indicate that planting did not begin
until a little later than in an average year, or say about the
dosing week in March. The work, however, was prosecuted
without any hindrance, and in consequence was completed
before the close of April, or fully two weeks earlier than in
the preceding year. With regard to germination the informa­
tion wc have received is quite satisfactory; a few say that
seed came up fairly well, but many others unusually well.
In Florida, as elsewhere in the cotton belt, there have been
some drawbacks to the development of the plant, but here
they have not been of a serious character. Suffice it to say
that up to about the middle of May- the weather was a little
too col "a t times, especially at night, the effect of which has
been to hold back the plant slightly. It is healthy looking not­
withstanding and very little replanting has been required.

[VOL. LVL

Stands are good in general, and in some instances are reported
very good: in fact they are stated by valued correspondents to
be the best and most uniform for several years. The lands, as s
rule, received more thorough preparation this season than
usual, and the fields are now clear of weeds and grass and in
good condition. Furthermore, since the advent of higher
temperature the plant is growing finely, and at this writing
the prospect is the best in a number of seasons. Acreage has
been largely added to, and it would seem that the falling off in
1892 has been more than made good, particularly in the long
staple districts; a careful analysis of the returns leads us to
estimate the increase in the whole State at 35 per cent. F er­
tilizers—The productiveness of the soil has been greatly in­
creased in a number of localities by a much more liberal use
of commercial fertilizers. It is also to be noted that home­
made manures have received slightly more attention. Still
there are portions pf the State in which neither kind is used.
A l a b a m a . —It is very evident from our returns that planting
was begun earlier this year in Alabama than in either o f the
two preceding years. In a few instances seed was put into
the ground as early as the first of March, and work had become
general by about the twentieth of the month. Subsequently
quite satisfactory progress seems to have been made, and with
but few exceptions planting was finally completed by the first
of May, or much in advance of last year. The tenor of the
returns on germination varies with locality, some sections
stating that seed came up poorly, many more well, and others
very well. But making allowance for all eonflicting reports,
we believe we are safe in stating that in the State as a whole
seed germinated well. The weather during April was rather
cool and furthermore too dry. With the first of May there
came a change, but apparently not for the better, for while
the temperature continued too low, the precipitation was exces­
sive at some points, washing out crops. Since the middle of
May the weather has improved and development has conse­
quently been very rapid. From various causes,—heavy wash­
ing rains, low temperature, defective seed, etc.,—more than
the usual amount of replanting has been necessary. The
stand secured ranges from poor to very good, and averages
fairly good. But it must be remembered that since the first
of June the comparatively favorable conditions of weather have
worked much improvement. In fact, our latest telegraphic
advices indicate a fairly promising outlook in Alabama.
Acreage—The tendency with regard to acreage has been almost
uniformly in one direction this season iu Alabama—that is
towards an increase. In some districts the addition to area
has been as high as twenty per cent, but on the other hand one
or two report a small decrease. Our returns seem to warrant
us in placing the gain at 7 per cent. Fertilizers—According
to the Commissioner of Agriculture of the State the takings
of commercial fertilizers show an increase o f about 25 per
cent, and there has also been a slightly greater use of home­
made manures.
M i s s i s s i p p i . —The high stage of the water in the Mississippi
River since early in May has not as yet resulted in any breaks
in the levees which guard the rich cotton territory of this
State, and it is only such plantations as lie outside of the em­
bankments that have suffered from overflow. Back water
from the Yazoo River has also inundated some lands in W ar­
ren and Sharkey counties. Altogether the overflow from
all causes may be said to have been confined to the two coun­
ties mentioned, and in the aggregate the area involved is in­
considerable. Furthermore, as the river is now steadily fall­
ing, fears of inundation have practically passed, though re­
cent heavy rains have created a little new apprehension.
With regard to the planting season our replies indicate
ihat for the State as a whole it differed little, if any, from
a year ago. Of course, in some sections planting began earlier
than in 1892, but in others work commenced later. Germina­
tion has varied widely in different localities but the general
tenor of our returns is that early-planted seed came up rather
poorly in a number of localities as a result of too much rain
and cold weather. Late plantings, however, did much better.
On one point our correspondents pretty well agree and that is,
that weather conditions have been unfavorable throughout
the greater part of the season to date, an excess of rain and
deficiency in heat serving to check development. As else­
where in the South, however, an improvement is to be
noted in many localities during the closing week of May, con­
tinuing up to the present time, and giving a more promising
appearance to the plant. At some points, however, the rain-

J une 10, 1893.J

THE CHRONICLE]

fall has been in excess within the past few days. As the
above would seem to foreshadow, replanting has been
necessary to a greater extent than in an average year, and in
some places has only just been completed. Stands secured
range from not good to good, and average about fair, but de­
velopment is less forward than in 1893. Fields have been
very grassy in a number of cases, but where dry weather has
intervened farmers have been able to get actively to work.
Still, on the whole crops are somewhat grassy yet. Acreage
—In Mississippi, as in the States heretofore reviewed, there
has been some increase in acreage, but the addition has been
quite moderate and has been almost wholly in the valley. We
make the average gain about 5 per cent. Fertilizers—In those
districts where fertilizers are used we find that there has been
a small increase over last year in the takings o f the commer­
cial varieties, although compared with 1891 there is a material
decrease. On the whole, however, fertilizers do not re.-eive
much attention.
L o u i s i a n a . —Since the 23d of May, when the first break
occurred in Louisiana, there have been several crevasses in
the levees along the west bank of the Mississippi River. The
most serious of these has been in East Carroll Parish (at Lake
Providence), and the effect, it is stated, will so far as that
particular parish is concerned, be as disastrous as in 1893,
when over half the cotton area had to be abandoned. For the
whole State, however, the overflow has not been so bad as
last year, for it will be remembered that then a considerable
section along the Red River was inundated as well as that
along the Mississippi, whereas in the current year the flood
has been in the Mississippi Valley alone. As much of the
overflowed territory is still under water, there is considerable
uncertainty as to how much of it, if any, will be replanted in
cotton this year. With regard to the remainder of the State,
reports indicate that the season during February and the
greater part of March was uncommonly favorable, and that
farmers were able'to prepare the ground early. At the time
of planting, however, the soil was extremely dry, which of
course interfered with the putting in of the seed, so that it
may be said that while on the average the start this year was
earlier than a year ago there was no appreciable difference
in the date when planting was completed. Lack of warmth
hindered germination in the early season, and that adverse
circumstance was heightened later on by heavy rains, which
caused the soil to pack. Altogether, therefore, seed came up
rather poorly. The causes which operated to check develop­
ment and give the plant a poor start also had the effect of
rendering necessary a greater amount of replanting than is
ordinarily the case. In Louisiana, as elsewhere, the weather
has been more favorable since about the middle of May.
Stands—At the close of May stands did not average better
than fair, and there was considerable foreign vegetation in
the fields. ' But the warm and comparatively dry weather
which has prevailed latterly has enabled farmers to prosecute
vigorously the work of cultivation and has likewise worked a
marked improvement in the appearance of the plant. Tele­
graphic reports this week, however, indicate that there has
been too much rain since Saturday last and crops are becoming
grassy. Acreage.—There has been an increase in the acreage
under cotton, but it has been less than early indications pointed
to. It is evident that there will be a loss in area on account of
overflow in East Carroll, Madison, Tensas, Catahoula and Con­
cordia parishes. Making due allowance for this it appears to us
that the gain in acreage will not reach more than 2 per cent.
Fertilizers are not used to any great extent, but at the same
time planters have increased in a small degree their takings
of commercial sorts.
A r k a n s a s . —What is true of Louisiana this year applies
also to Arkansas, but in greater degree. A portion of the
cotton area of the State along the Mississippi River and south
of Helena was overflowed, and the water has not yet fully
receded. A t the same time the inundation has been
less serious than that of a year ago, for it will be remembered
that bottom lands along the Arkansas, St. Francis and
White rivers were then also involved as well as the
Mississippi Valley. Territory in over a dozen counties has
been overflowed more or less, but the greatest damage has
been done in Chicot, Desha, Crittenden, St. Francis and Mississisippi counties. Where the water has run off replant­
ing is now in progress.
Leaving out of considera­
tion for the present the inundated territory, our reports
enote that planting did not begin so early as in the

9c 5 ,

preceding year, but was completed at about the same date.
Early plantings—seed put in the ground before the first o f
May—in a number o f instances did not come up well, but
aside from that the start seems to have been fairly satisfactory.
On the whole the best reports on germination come from tire
Eastern and Central sections. Growth has been slow ir»
consequence of cold weather at nights, and excessive precipi­
tation has likewise been against the best interests of the plank.
No appreciable improvement in the weather took place until
near the close of May, and the better conditions prevailed
only a few days, for about the 28th very heavy rains set in
which continued until June 1, and did considerable damage.
Outside of the overflowed district replanting has been neces­
sary to a moderate extent. Telegraphic advices of date June 7
denote that the weather has been a little more satisfactory the
past few days. Stands range from fair to good—one reply
states not good—but fields were grassy in some localities,
sufficient time since good weather set in not having elapsed to
enable farmers to cultivate thoroughly. Acreage—The question
as to acreageis somewhat complicated on account of the uncer­
tainty as to what proportion of the overflowed land will bo
re-planted in cotton. But making proper allowance for that
fact, it seems to us that there has been a gain of about 3 per­
cent. Fertilizers have received a little more attention,
T e n n e s s e e .— There was nothing in the early spring condi­
tions to retard farm work, and as a result planting operations
began about as in an average year and were completed gen­
erally before the middle of May. On the whole, therefore, the
season was about one week in advance of 1892. Progress
would have been even more rapid, owing to the early start,
but general rains set in, interfering with out-door work, and
were followed about the 20th o f April by cold weather, which
did material damage to the young plant, which was just be­
ginning to sprout. Seed, however, came up fairly well as a
rule. After growth began, and continuing throughout th e
greater part of May, the weather conditions were not such as
would conduce to the welfare of the plant. About the 20tl\ o f
the month an improvement was noticed and cotton began
to grow out nicely, but these better conditions were of short
duration, extremely heavy rains having fallen in the last days
of May and the first days of June, damaging crops in low
lands. The rainfall during May at Memphis is the heaviest
on record. Telegraphic advices just as we are going to press
denotea change to slightly more favorable weather again. Rain,
frost, etc., in truth almost all the various meteorological con­
ditions which adversely affect vegetation—are responsible for
an amount of replanting piuch greater than in an average
season. Some cultivated land in the counties bordering on
the Mississippi has been overflowed, but the acreage involved
has been comparatively slight. Stands are fairly good, but
fields are somewhat grassy, planters having had insufficient
time since the recent heavy rains to do much cultivating.
Acreage has been increased in a number of localities, but in
others there has been some decrease. Altogether, we judge
there has been a gain of about 5 per cent. Fertilizers are
very little used in Tennessee.
T e x a s . —The commencement of planting was very irregular
in Texas this year, many sections being forced to wait until
after rain fell, the ground beiDg too hard to plough. Seeding
was completed however in the larger part of the State at
about the same date as in 1892, except in Northwest Texas,
where the delay on account of drought was greatest. Still by
the 26th of May planting had been finished everywhere.
Where rain fell the seed came up about as well as usual but
elsewhere the start was irregular. After growth began and
up to the first of May the conditions of weather were un­
favorable in general, insufficient precipitation and low tem­
perature checking development. Durirg the past month,
however, the conditions have been almost uniformly favor­
able. There is always some replanting, but there has been no
more than ordinarily this year. In fact, owing to the scarcity
of seed, farmers exercised more care than usual in order to
avoid replanting, and this was one of the causes for the lata
planting. Stands—It must be remembered that in the north­
western portion of the State sufficient time has not elapsed
for cotton to reach a stand, but elsewhere in Texas the stand is
good though the plant is not as well advanced as in an aver­
age year. The fine weather which has prevailed of late has
enabled farmers to clear the fields of weeds and grass. Act eage—Notwithstanding the efforts made in the early spring b y
the Commissioner of Agriculture and other leading men in

THE CHRONICLE.

9 56

the State to bring about a decrease in acreage, the tendency
has been pretty strongly in the opposite direction, planters as
a rule ignoring.the arguments advanced. The increase, how­
ever, has not been as radical as at first looked for, averaging
for the whole area not over 8 per cent, whereas two months
ago it was feared that last year’s decrease would be more than
made up. Fertilizers are not used to any extent.
I n d i a n T e r r i t o r y .— Taking the Territory as a whole, the
plaining season was a few days later than in 1893, for although
in some districts seeding began as early as the first of April it
did not become active uutil after the middle of the month,
and proceeding slowly was not finished until the close of the
third week of May. A few of our correspondents state that
seed came up well, but the majority of the reports range from
poor to only fairly well. Unfavorable conditions ef weather
—excess of moisture and lack of warmth—prevailed during
the period when germination was in progress, and are respon­
sible for the unsatisfactory start. These same deterring in­
fluences have continued all through the season up to within
about the last ten days, hindering development and ren­
dering necessary a larger amount of replanting than in an
average season, although probably not more than last year.
Stands.—In one or two instances the stand is said to be good,
but the general concensus of opinion is that it is rather poor
and lacks vigor. Our mail advices indicate that fields were
grassy as a rule, but late reports by telegraph denote that
there has been improvement in this respect, and that develop­
ment of late has been much more satisfactory. Acreage.—
Notwithstanding that neither of the last two crops has made
saiisfactory return to the farmers, there has been a very de­
cided tendency towards increase of area this year. Some re­
port the addition to have been as high as 50 per cent, and
others say 20 and 10 per cent. On the other hand, in a few
districts cotton culture has been practically abandoned. In
our judgment 25 per cent will cover the increase in the Ter­
ritory. Fertilizers receive very little attention.
CONCLUSIONS.

We sum up our conclusions briefly as follows:
First — As already remaiked, an inclination to en­
large cotton acreage is apparent throughout the South
this season, notwithstanding the efforts put forth in a
number of States to prevent such a result. But as the
reader will observe by consulting the tables below, the
aggregate addition to the area the present year has not
been so heavy as the decline recorded last year. We
have referred so often in previous reviews to the diffi­
culties encountered in acquainting ourselves with the
situation regarding acreage that it is unnecessary to
re state them here. Suffice it to say then that the cur­
rent season has been no exception, reports from locali­
ties almost identical varying widely. But to avoid so
far as possible error from such conflicting statements our
sources of information have again beenfurther extended.
floods in the Mississippi Valley have, as in 1892,
thrown an element of uncertainty into the considera­
tion of area, but the overflow is not so extensive as a
year ago and has been given due weight in our State
summaries. The changes this year as we have made
them up for each State have been as follows :
E s tim a te d f o r 1893.

States .

A crea ge,

1892.
In crea se.

Noitli Carolina...............
South Carolina................
Georgia............................
Florida.................... •.........
Alabam a...........................
M ississippi.......................
T exas..................................
Arkansas...........................
Tennessee........................
Other States & Ters . * . . .

8 99,CO
1.807.000
3 .097.000
178.000
2.591.000
2.673.000
1.091.000
3.836.000
1.371.000
651.000
162.000

D ecrea se.

11 'a per c’t.
12 per cent.
7 per cent.
35 per cent.
7 per cent.
5 per cent.
2 per cent.
8 per cent.
3 per oent.
5 per cent.
13>s per c’t.

A cres,

1893.
1,002,885
2,023,810
3,313,720
210 ,3 0 0
2,775,580
2 ,8 06,650
1,112,820
1 ,1 42,880
1,415,220
6 83,550
1 83,870

........

T o t a l ... ..................... 18,362,000 7 29 per ct.
19,701,385
* The p la n tin g of cotton in the Indian Territory has considerably
increased, and there has been a fair gain in Virginia, etc. W e judge
therefore, ihat there has been an increase in other States and Terri
ton es o f about 1 3 ** percent.

[Von, LVI.

This shows a net increase over 1892 of 7'29 per cent,
making the total 19,701,385 acres in 1893, against
18,362,000 acres in 1892.
It is proper to state that we have revised our figures of
acreage for 1892 and the years preceding, to correspond
with the Census office totals for 1889-90. The Census
results for the last-mentioned year have only just been
completed, which will account for the fact that the re­
vision was not made sooner. The Census reports the
aggregate of the area planted in cotton in the United
States in 1889-90 as 20,172,896 acres. Our figures for
the same season were 20,309,480 acres, showing a dif­
ference of only 136,584 acres. Of course, in case of
the separate States the differences are in some in­
stances larger than this. We have, however, made all
our results accord with those of the Census. In the
subjoined statement we give the Census figures for
1889-90 and adjust our results for previous and subse­
quent years to conform thereto.
CO TTON A C R E A G E F O R T H E Y E A R S N AM ED — ( 0 0 0 3 O m i t t e d ).

S ta tes.

1892-93 1891-92 1890-91 1889-90 1888-89 1887-88

North Carolina..........
South Carolina..........
Georgia........................
F lorid a.........................
Alabama......................
M ississippi..................
Louisiana.....................
T e x a s ...........................
Arkansas...................
Tennessee...................
A ll others.....................

899
1.807
3 ,097
178
2,594
2,67.?
1,091
3,836
1,371
651
162

1,124
2.0C8
3,366
222
2,760
2,937
1,283
4,506
1,718
723
191

1,147
2,028
3,48(
229
2,8 4 f
2,997
1,296
4,251
1,718
745
174

1,147
1,988
3 ,346
227
2.76S
2,882
1,271
3,933
1 ,7 0 ’,
745
171

1,136
1,988
3,149
223
2,708
2,798
1,246
3,676
1,668
723
1C6

1,136
1,968
3 ,4 4 9
221
2,708
2,73 7
1 ,222
3,501
1,619
723
164

Total acreage___

18,36*

20,838

20,910

20,173

19,781

19,428

7,314
6,93?
6 ,550
7,013
Total production___
9,039
8,656
Increase in acreage.. * l l '8 8 p *0 35 pc 3 '6 5 p.c l*9?p.c 1-82 p.c 2-49 p.c
Incr’se in prod’ tion.. *25-71 p 4*42 p.c 17 05pc 5*46 pc *1*18 pc 7-74 p.c
167
194
169
16
165
Product per acre,lbs.
203
* Decrease.

Second— With regard to the maturity, cultivation
and condition of the plant the conclusions reached are
as follows:

(1) A s to maturity — Although the early spring
weather was favorable and the planting as a rule a
little ahead of last year, the crop is Jure 7th what
may be called a late one. This nm aik applies of
course in varjirg degree to different sections, for there
are some districts much better advanced than others.
In this respect all of Texas, except the dry northwest,
Florida and Alabama, n ay be said to be best situated
and Arkansas the worst. On the whole the season
thus far has been somewhat notable for low tempera­
ture, and the month of May for low excessive precipita­
tion.
(2) Cultivation has been kept up very satisfactorily
all through the season in the Atlantic States.
In
Alabama and Texas there have been periods when out­
door work was interrupted, but fields are now in fine
condition.
Louisiana and Mississippi were getting
into good shape at the date of our latest mail advices,
but the recent heavy precipitation there as well as in
Aikansas and Tennessee has given grass and weeds a
fresh start. A material increase in the use of commer­
cial fertilizers is reported.
(3) Condition of the plant now is, therefore, with
local exceptions, good in the Carolina?, Alabama,
Florida and Texas. In Georgia the outlook is some­
what uncertain, but on the whole fair. The States of
least promise seem now to be Arkansas, Tennessee and
Mississippi. As heretofore noted the plant is back­
ward generally, hut this in itself is of no great im­
portance with favorable conditions hereafter.

THE CHRONICLE

f J une 10, 1893.]
DEBT

STATEM EN T

MAY

31,

1893.

The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business May 31, 1893.
I N T E R E S T -B E A R I N G
I n t 'r ' t
P a y ’le

T itle o f L o a n .

DEBT.
A m o u n t O u tsta n d in g .

A m ount
Is su ed .

R eg is ter e d .
4V6&, F ’ n ’ d L o a n . 1891
C o n t in u e d a t 2 p . c. Q . - M .
4 b, F ’ d e d L o a n . . 1907 Q . - J .
4 b, R e f ’ d ’g C e r t l fl c ’ s. Q . - J .
A g g r e g a t e e x c l ’d ’g
B ’ da t o P a c . H R .

C ou pon.

T o ta l.

$250,000,000 $25,364,500
740,859,930 480,737,700 $72,80O,S5O
.40,012,750

$25,364,500
559,598,550
72,000

1,080,872,650 512,102.200

585,035,110

72.860.850

D E B T O N W H IC H I N T E R E S T H A S C E A S E D S IN C E M A T U R I T Y .
A p r . 29.
F u n d e d L o a n o f 1891, m a t u r e d S e p t e m b e r 2 ,1 8 9 1 .. $76 c,000 (X)
O ld d e b t m a t u r e d a t v a r io u s d a t e s p r i o r t o J a n u ­
a r y 1 ,1 8 8 1 , a n d o t h e r i t e m s o f d e b t m at u r e d a t
v a r i o u s d a t e s s u b s e q u e n t t o J a n u a r y 1 ,1 8 8 1 ......... 1,402,490 20

M a y 81.
$744,200 00
1,446,810 28

A g g r e g a t e o f d e b t o n w h ic h i n t e r e s t h a s ce a s e d
s i n c e m a t u r it y ................................................................... . . . .$2,2 28,490 20

12,101,010 28

D E B T B E A R IN G NO IN T E R E S T
L e g a l- t e n d e r n o t e s .................
1340,881,016
O ld d e m a n d n o t e s .........................................................................
55,847
N a t io n a l B a n k n o t e s :
R e d e m p t i o n a c c o u n t ...................................................................................... 20,887,e o o
F r a c t io n a l c u r r e n c y .............................
............................ $15,270 ,43 8 62
L e ^ s a m o u n t e s t im a t e d a s l o s t o r d e s t r o y e d .............. 8,175,934 0 1
------------------------6,900,504

0C
50
25
62

A g g r e g a t e o f d e b t b e a r i n g n o i n t e r e s t ...................................................$374,524,768 37
C E R T IF IC A T E S

AND

N O T E 3 IS S U E D

L E G A L -T E N D E R N O T E S A N D

ON

D E P O S IT S

OF

P U R C H A S E S OF S IL V E R

C la ssifica tio n o f C e r tific a te s a n d N o te s .

I n th e
lY e a s u r y .

C O IN

AND

B U L L IO N .

In
C ir c u la tio n

A m o v >>t
I s s tn d.

#3. S24.07O1* ! 01.469.909 $104,794 639
6,650,912 322,115,592 328,766,504
825,000
10,05 ,000
17,780.000
10,684,69 i 1 3 2 ^ 05 ,183 143,189,874

957

THE SILVER L A W AND A N E X T R A SESSION OF
CONGRESS.
President Cleveland o i Monday evening, June 5, officially
announced that he intended to call an extra ses-iou of Con­
gress not earlier than the 1st nor later than the 15th of Sep­
tember, unless unexpected contingencies should necessitate
an earlier meeting. The President, according to the reports
n the daily press, further said:
“ While there has been no mystery or secrecy in regard to
my intention in this matter, I think it not amiss that our
people should be informed authoritatively that the time is at
hand when their Representatives in Congress will be called
upon to deal with a financial condition which is the only
menace to the country’s welfare and prosperity.
“ It is well for the people to take up the subject for them­
selves and arrive at their own con cisions as to the merits of
a financial policy which obliges us to purchase idle silver
bullion with gold taken from our reserve. One does not need
the eye of a financier to see that this gold thus subtracted
from the ^Government’s stock is eagerly seized by other na­
tions for the purpose of strengthening their credit at our ex­
pense.
“ It does not need the art of statesmanship t i detect the
danger that awaits upon the continuance of this operation.
Already the timidity of capital is painfully apparent; none
of us can fail to see that fear and apprehension in monetary
circles will ultimately bring suffering to every humble home
in our land.
“ I think that between now and <he meeting of Congress
much depends upon the action of those engaged in financial
operations and business enterprises. Our vast national re­
sources and credit are abundantly sufficient to justify them
in the utmost faith and confidence. If instead of being
flightened they are conservative, and if instead of gloomily
anticipating immediate disaster they contribute their share of
hope and steadiness, they will perform a patriotic duty and at
the same time protect their own interest?. The things just
now needed are coolness and calmness in financial circles, and
study and reflection among our people/’

Afirerpirate o f c e r t i f ic a t e s ............................... t n . 486.273 $573,045,744 $594,531,017

Stock

R E C A P I T U L A T IO N .
M a y 31,
1893.

C la ssifica tio n o f D e b t.

D e b t o n w h ic h In t. h a s c e a s e d . .

A p r . 30,
1893.

$
585,035,110 00
2 ,191,010 26
374,524,708 37

In crea se or
D ec r e a s e .

$
585.034,810 00
2.228.490 20
375,144,403 87

$
I . 303 00
D . 37.480 00
D . 619,695 DO

901,750,888 03

962,407,704 13

D . 056 875 50

C e r t iflc a t e s a n d n o t e s o f fs e t b y
a n e q u a l a m o u n t o f c a s h in
594,531,017 00

596,010,621 00

D . 1,485,004 0C

A g g r e g a t e o f d e b t . I n c lu d in g
c e r t if ic a t e s a n d n o t e s ................. 1,550,281,905 63 1,558,424,385 13

D . 2.142,479 50

C A S H IN T H E T R E A S U R Y .
G o ld —C o in .................................................................................. $115,046,742 06
B a r s ............................................
80,871,667 7 0 - $ 1 8 6 ,5 18,609 70
S i l v e r — D o ll a r s ......................................................................... 301.27H..-16 00
S u b s id ia r y c o i n .................................................................... 11,394,010 37
B a r s .................................................................................
. 114,289,13-1 55— 486,902.505 92
P a p e r —L e g a l t e n d e r n o t e s ( o ld is s u e ) ..............
2?,H58,H92 81
T r e a s u r y n o t e s o f 189 0..............................
1 0,6-4,6 91 00
G o ld c e r t i f ic a t e s .................................................................
3 ,32»,6 70 00
S ilv e r c e r t i f ic a t e s ...............................................................
0,050,912 00
C u r r e n c y c e r t i f ic a t e s ..................................................... ,
825,000 00
N a t io n a l b a n k n o t e s ........................................................
5,248.455 2 8 — 54,387,421 (9
O t h e r — B o n d s , in t e r e s t a n d c o u p o n s p a id , a w a it ­
i n g r e im b u r s e m e n t ...........................................................
2 2 ,8 8 1 4 0
M in o r c o in a n d f r a c t i o n a l c u r r e n c y ................................. 586,924 53
D e p o s it s in n a t 'l b in k d e p o s i t a r ie s —g e n ’ l a c c ’t . .
11,649,142 54
D is b u i s i n g o ffio e r s ’ b a l a n c e s ..................... ....................
3,995,439 23— 16,254,367 70
$754,122,984 47

A g g r e g a t e .,
D E M A N D L IA B IL IT IE S .

G o ld c e r t i f i c a t e s . . . . ................................................. $104,794,639
00
S i l v e r c e r t i f ic a t e s ...................................................... 326,706,504
00
C e r t ific a t e s o f d e p o s i t a c t J u n e 8 , 1 8 7 2 ....... 17,789,000
00
T r e a s u r y n o t e s o f l o 0 0 ....................................................... 143,lw 9,Q7 4 00—$594,531,017 00
F u n d f o r r e d e m p . o f u n c u r r e n t n a t ’l b a n k n o t e s
5,674,694 84
O u t s t a n d in g c h e c k s a n d d r a f t s ........................
4,566,941
39
D is b u r s in g o f fi c e r s ’ b a l a n c e s ............................. 24,511,366
74
A g e n c y a c c o u n t s , & c .............................................
3,273,310
20— 38,020,813 1’
G o ld r e s e r v e ........................................ $95,048,640 00
N e t c a s h b a la n c e ................................ 26,510,514 3 0 .........................................121,505,154 S(
A g g r e g a t e ...............................................................................................................$75 4,122,934 47
C a sh b a la n c e in t h e T r e a s u r y A p r . 30, 1 8 9 3 .............................................. $121,482,903 81
C a s h b a l a n c e in t h e T r e a s u r y M a y 3 1 ,1 8 0 3 .......................... ...................... 121,565,154 30
I n c r e a s e d u r in g t h e m o n t h ................................................... .............................

$32,250 49

B O N D S IS S U E D IN A I D O F P A C IF IC R A I L R O A D S .
I n t . r e p a id b y C o m p a n ies. B a la n ce
In terest
I n te r e s t
a ccru ed
B y T ra n s­ B y ca sh pay- o f In te r'r t
p a id b y
and not
p a id by
m ’t s ;5 p .c .
th e U . S. p o r t a t io n
sta n d in g .
y e t p a id .
n e t ea rn in g s. th e U . f .
S e r v ic e.
P r in c ip a l
O u t­

t
C e n . P a c ific . 25,885.120
K a n . P a c ific . 6,303,000
U n l’ n P a c ific 27,230,5‘ i2
C e n .B r . U .P . 1,600,000
W e s * - P a c ific 1,970,560
B lo u x C. A P . 1,628,320

$
*
647,128 38,207,074
157,575 9,722,043
680,918 40,482,062
40,000 2,401,808
49,201 2,791,468
40,708 2,392,440

$
0,810,756
4,157,497
13,810,391
561,241
9.367
204,£87

*
$
658,283 30,738,031
5,504.540
438,410 26,233,882
8,927 1,893,020
2,782,101
2,188,051

04,623.512

1,015,587 96.057,405

25,553,658

1.103,620 89,400.216

T o ta ls

—

C l e a r in g - H

ouse

T r a n s a c t io n s .— T h e

STOCK E X C H A N G E C L E A R IN G HOUSE TRAN SACTIO NS.

-— S h a r e s , both s id e s . — ,

A g g re g a te o f in te re s t a n d n o n -

N am e
o f R a ilw a y .

E xchange

subjoined statement includes the transactions o f the Stock
Exchange Clearing-House from May 29 down to and includ­
ing Friday, June 9; also the aggregates for June to Decem­
ber, 1892, and January to May. 189?, inclusive. 1 he figures
for the portion of May, 1892, du iirg which the Cleat ingHouse was in operation are dropped from the statement.
C le a r e d .
M onth—
1892.
J u n e ..........
J u ly ...........
A u g u s t ....
S e p t ...........
O c t o b e r ..
N o v e iu b 'r .
D ecern b ’ r.
1S93.
J a n u a r y ..
F e b ru a ry .

March....

A p r il.........
M a y , ____

T o ta l V a lu e .

-------- B a l a n c e s , o n e s i d e . --------. S h eets
S h a res. V a lu e S h a r es. C x s h . C l e a r 'd »

$
16.684,000
1,041,048,200
9,807,300
699,313.200
13,908.480
977,583,000
18,857,800
1,268,000,000
20,720,300
1.358.733.000
16,519,200
L 113.800,000
25.221.100 1,758,000,000

1,598.750
1,120 100
1.657. *00
2.055,800
2,325,800
1,831,500
2,687,300

28.544.500 2,084.709,000
25,108.900
1,744,400 000
24.591.100 1,690,000,0'N)
20.802.500 1 ,4 ?1 ,- 00.000
28.209.500 1,738,900,1*00

3,000,000
2,587.900
2,703.800
2,311.300
2,8 9,500

T o t .y e a r 249,109,080 16,870,780,400

-— S h a r es, both s id e s .— »
C le a r e d .

T o ta l V a lu e .

$

$

94 568.700
7 4 .18C.1O0
107.386.000
128.603 500
148.692 000
128.975.000
192.500.000

1,433,971
974,700
1.301.000
1.697.500
1.701.400
1,417.800
2.317.400

2 M .700.000 3.300.5or>
172.701.000 3.529.000
167.900.000 3,784,100
153,300 000 2,331.000
161.110.000 4,870,100

5,895

6.886
6,183
6,252
6.862
5,706
e ,6 0 3

6.839
6.151
7.080
0.005
7.20J

26,749,150 1,740,611,200 28,‘ 1 9 ,0 :7
75,742
---------- B a l a n c e s o n e s i d e . ---------- S h e e ts
S h a r e s . V a l u e ^ h a i c s . C a s h . C le a r 'd .

$
£
$
May 2 9 .. 961 ,1 0 0 5 7 ,2 0 0 ,0 0 0
8 3 .2 0 0
4,50*9,000 109,300
“ 3 0 ......................................................... Holiday..

316

75.100 3 600,000 119,300 204
3L.. 914,400 45,500,000
74.300 3.w00.000 116,500
293
June 1.. 851,900 46,800,000
2.. 844,200 49,900,000
77.100 3,600,000 103,7 j0 294
rot. wk..3.571,600 199.400.000 309.700 15.500.000 419,300 1,197
Wklastyr2,493,800 13S,700,COJ 233,100 11,75 4,600 180,2
973
June 5..1,208,300 72,600,000
97.200 5 .2 0 0 .0 0 0 90.5 0 0
319
59.500 3.4 0 0 .0 0 0 56,^00
282
6.. 608,800 37,500,000
69.500 3.7 0 0 .0 0 0 53.5 0 0
291
7.. 780,100 57,600,000
287
8.. 686,400 36,800,000
69,900 3,3C0.0C0 7 5 .4 0 0
9.. 671,600 39,400,000
70.200 3 ,‘•00,000 47.0C0
285
366,300 19,400.000 323,300 1.464
rot. w k ..3 .955,200 24 3 ,9 0 0 ,0 0 0
W klastyr4,023,COO 2 3 5 ,1 0 0 ,0 0 0
347,100 18,498,900 309,500 1,349
The stocks cleared now are American Cotton Oil common,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com­
mon, Chicago Rock Island & Pacific. Delaware Lackawanna
& Western, Distilling & Cattle Feeding, General Electric,
Louisville & Nashville, Manhattan, Missouri Pacific, Na­
tional Cordage common. New York & New England. New
York Lake Erie & Western. Northern Pacific preferred,
National Lead common Philadelphia & Reading, Union
Pacific and Western Union.
N e w J e r s e y S t a t e B a n k s . —The Department of Banking
and Insurance has furnished us a statement o f the condition
of State Banks in New Jersey at the close of business on
April 1, 1893. From it and from the latest statement of the
condition of national hanks—that of May 4 —we have pre­
pared the following, which gives the results for all the banks
in New Jersey. The total for July, 1892, of boih State and
national banks is also given for purposes of companion.

iTHE CHRONICLE

958

i*)E \ V J E R S E Y .

dumber................. •.....

N a t . B a n k sa S ta te B a n k s,
A p r i l 1,
M a y 4,
1893.
1398.
22
99

jR esou rces—
L o a n s a n d d is c o u n t s ................... . $54,6*8,285
42,641
O v e r d r a f t s ........................................
S t o c k s , b o n d s, & c ....... .............. 12,11 *,156
6,851,873 I
H u e fro m reserv e ag en ts
2,687,900 )
X>uc f r o m b a n k s a n d b a n k e r s .
2,556,576
B a n k in g h o u s e , f u r n . a n d f ix .
881,131
O t h e r re a l e s t a t e .........................
2,826,960
S p e c i e ................. . . . . . . . . . . . . . . .
2,450, L28 1
L e g . t e n . n o t e s & c e r t , o f d ep .
4 0 6 ,5 5 5 )
B i l ls o f o t h e r b a n k s .................
280.313
C u r r e n t e x o . a n d t a x e s p a id .
300,537
P re m iu m s on U . 8 . b o n d s —
1,307,770
O t h e r r e s o u r c e s ............................

T otal.
1893.

121

120

$62,927,143
232,117
12,925,904

$57,476,316
269,028
13,363,299

1,010,418
287,982
93,578
116,674

10,559,091

14,629,353

2,844,508
474,709
2,943,634

2,772,32'
431.955
2,619,889

327,841

3,184,524

3,537,846

27,230

313,543
300.537
1,500,218

135,227
330,343
1,728,042

$98,206,558

$98,294,205

$16,368,810
12.204,749
3,88 ',102
52,261

$10,237,405
11,312,537
3,767,228
149 ,»84

59,788,933

59,465,517

4,867,692
1,013,873
30,108

4,747,031
604,053
10,920

$95,203,558

$96,294,205

T o t a l ........................................... $83,704,225 $11,502,333
L ia b ilit ies $1,780,460
C a p it a l s t o c k p a id i n ................... $14,588,350
1,132,035
S u r p lu s a n d u n d iv id e d p rofits. 11,072,714
3,880,102
C i r c u l a t io n o u t s t a n d i n g ...........
48,871
3,390
d i v id e n d s u n p a id .......................
51,761,099 /
I n d i v i d u a l d e p o s i t s .....................
7,787,026
240,238 }
O t h e r d e p o s i t s ................................
238,943
4,598,749
H u e to b a n k s and b a n k ers —
504,102
509,771
-’N o te s a n d b ills p a y a b le .........
10,000
20,103
O t h e r l i a b i l i t i e s .............................
§86,704,225

T o ta l.

C IN C IN N A T I.

T otal
1892.

$8,418,858
189,606
807,748

i 92,41*8

$11,502,333

N o te .—T h e a m o u n t ($327,841) u n d e r S t a t e b a n k s o o p o s i t e le g a l t e n d e r n o t e s ,
£ te , is g iv e n in r e p o r t s o f S ta te b a n k s as “ c u r r e n c y .’ '

C
P

o n d it io n

o f

h il a d e l p h ia

, P

N

a t io n a l

it t s b u r g

, C

B

a n k s

in

in c in n a t i,

N
K

e w

Y

C

o k e

a n s a s

C

it y

it y

, N

,

e w

O r l e a n s , D e t r o i t a n d S a n F r a n c i s c o . — Mr. Jas. H. Eckels,
•Comptroller of the Currency, has furnished us this week ab­
stracts of the condition of the national banks in the abovenamed cities at the close of business on Thursday, May 4.
Prom them and from previous reports we have prepared the
following, which covers the results for May 4 and Maich 6,
1893, and for purposes of comparison the figures for last year
<May 37) are given:
M a y 4,
1893.
49

M a r c h 6,
1893.
48

M a y 17,
1892.
48

N E W Y O R K . C IT Y .
b e r ............... ..........................
R es o u r c e s —
L o a n s a n d d is c o u n t s , i n c lu d ’g o v e r d r a f t s . . $307,372,243 $32^,445,104 $365,3 2 945
S ttno ici lkr s
o, h
Mrn
S
7
DUO
QQ
RQ-i
o n ’ - i ~r Vinw
S
b ee n
n dd os. &
c
37.855,032
38,653,587
39.517,896
l>u.e f r o m b a n k s a n d b a n k e rs.
36,114,097
32,332,983
32,670.259
B a n k in g b o u s e , fu r n it u r e a n d f ix t u r e s ........ 11,8«5,823
11,394.404
11,381.632
O t h e r re a l e s ta te a n d m o r t g a g e s o w n e d ..
717,280
992,404
1,115,345
< ?o ld c o in and c e r tific a t e s .................................... 57,55 4,055
5 7 ,1 .6 ,9 7 2
78,047,251
S ilv e r c o in a n d c e r t if ic a t e s .................................
6,017,438
4,400,168
7,150,827
i legal t e n d e r n o t e s a n d c e r t i f ’s o f d e p D sit.. 3 4 .5 16,199
32.937,810
42,346, L57
B i l ls o f o t h e r b a n k s ..............................................
1,224,785
1.054 108
1,587,158
■ E x ch a n g es f o r C lea rin g H o u s e ......................... 74,391,729
85,931,623
C u r r e n t e x p e n s e s a n d t a x e s p a i d ....................
1,211,480
772,038
1,292,316
• P rem ium s o n U . S. b o n d s .................................. .
547,719
6 :5 .3 0 6
769,686
O t h e r r e s o u r c e s .........................................................
3,870 702
3 ,6 i7 ,3 4 8
3,040,005
jNu m

62,541,703

T o t a l .........................................................................$572,758,212 $593,323,947 $616,293,187

Liabilities—

C a p it a l s t o c k p a id in .......................................
$19,810,000
‘ S u r p lu s a n d u n d iv id e d p ro fits ......................... 59,948,759
C i r c u l a t io n o u t s t a n d in g ......................................
6,103,443
d i v i d e n d s u n p a id .....................................................
223,383
i n d i v i d u a l d e p o s it s ................................................. 286,985,310
O t h e r d e p o s it s ............................................................
1,054,611
H u e t o b a n k s a n d b a n k e r s . ............................... 168,483,706
O t h e r lia b ilitie s ........................................................
150,000

$49,650,000
58 , 287,303
6,031,558
175 23
284.898,089
864.355
193,417 619

$49,600,000
57,^20,098
5,824,658
148.705
293,373,-40
1,011,338
293,078 195
0,433

T o t a i ........................................................................ *573 ,75«,312 $ 593 , 333,947 $040,293,187
M a y 4,
M a r c h 6,
PH I LA D E LPH I A.
1893.
1893.
d u m b e r ......................................
41
41
R es o u r c e s —
H -oan s a n d d is c o u n t s , in c lu d in g o v e r d r a f t s . $96,655,813 $94,795,175
s t o c k s , b o n d s , & c...........................................................
9,032,900
8,969,514
iO u e f r o m r e s e r v e a g e n t s ....................................... 11,734.706 13 ,-6 5 .4 5 4
K )u e fr o m b a n k s a n d b a n k e r s ..............................
8,582,222
7,873,154
IB a n k ’g b o u s e , fu r n it u r e a n d fix tu r e ® ............
3 .805,661
3,679,475
(O t h e r re a l esta te a n d m o r tg a g e s o w n e d . . .
357,857
077.149
‘ G o ld c o in a n d c e r t ific a t e s ........................................
7 ,001,092
7,553.9 0
'S ilv e r c o in a n d c e r tific a t e s .
..............
4 , 13 9 ,8 13
2.477.018
jL cg a l t e n d e r n o t e s a n d c e r t ’ f s o f d e p o s i t . .
8,792,639
7,557,055
/Jills o f o t h e r b a n k s.
. ......................................
271.276
213,187
E x c h a n g e s f o r C le a r in g H o u s e . . .
9,078.865
7,900,224
• C urrent e x p e n s e ? a n d t a x e s p a id
108,44 3
596,600
JP rem
iu m o n U. S. bon d s.
...................................................................................
450,5S0
4 l i , 103
'O t h e r r e s o u r c e s ..........................................................
1,706,404
1,442,5 2

M a y 17,
1892.
41

T o t a l ........................................... ......................... $46,178,329
L ia b ilitie s —
C a p ita l s t o c k p a id i n .............................................. $9,100,000
S u rp lu s a n d u n d iv i d e d p r o f it s ..........................
3.622,010
2,756,360
C ir c u la t io n o u t s t a n d i n g .....................................
D iv id e n d s u n p a i d .................................................
90,551
20,790,800
I n d iv id u a l d e p o s i t s ..............................................
O th e r d e p o s i t s ..........................................................
711,735
D u e t o b a n k s a n d b a n k e r s ................................
8,099,723
l,0 0 i,1 5 0
O th e r l ia b ilit ie s ........................................................
T o ta l.

K A N SA S C IT Y .

N u m b e r ..........................................................
R esou rces—
L o a n s a n d d is c o u n t s , i n c l u d ’g o v e r d r a f t s .
3 t o c k s , b o n d s , & c ....................................................
D u e f r o m r e s e r v e a g e n t s .....................................
D u e f r o m b a n k s a n d b a n k e r s ........................
b a n k in g h o u s e , f u r n it u r e a n d f i x t u r e s . . . . ,
O th e r rea l e s t a t e a n d m o r t g a g e s o w n e d . . .
G o ld c o in a n d c e r t if ic a t e s ...................................
S ilv e r c o in a n d c e r t i f i c a t e s . . . . . .....................
L eg a l t e n d e r n o t e s a n d c e r t ’ f s o f d e p o s it ..
B ills o f o t h e r b a u k s ................................................
E x c h a n g e s f o r C l e a r i n g - H o u s e ........................
C u rr e n t e x p e n s e s a n d t a x e s p a i d ...................
P r e m iu m s o n U . S. b o n d 9 . ...............................
O th e r r e s o u r c e s .........................................................

C P IT T S B U R G .

R esou rces—
^ o a n s a n d d is c o u n t s , in c lu d in g o v e r d r a f t s
,8 t o o t s , b o n d s. A c ....................................................
W .ie f r o m re s e r v e a g e n t s ....................................
D u e fr o m b a n k s a n d b a n k e r ? .......................
b a n k i n g h o u se , fu n itu re a n d fix t u r e s . ..
/O t h e r rea l e s t a t e a n d m o r tg a g e s o w n e l . .
'G o ld c o in a n d c e r tific a t e s ....... ..............
/S ilv e r c o in a n d c e r t ific a t e s .............................
.L e g a l t e n d e r n o t e s a n d c e r tifl. o f d e p o s it ..
B i l ls o f o th e r -b a n k s
fR x c h a n g e s f o r C le a r in g -H o u s e .. . . . .
t l tt OVi
„ id
I ,4 ..
‘C dutrf rr eo n
e x piOTi
e n suno
e s 0,1.4
a n d ttia. Vx Ae As w
pa
9 ’ r e m in m s o n U n it e d S ta te s b o n d s ..
fO t h e r r e s o u r c e s ..........................................

.7.7.7’

M a y 4,
3893.
27
$ 41,501 952
4.128.64*
4,123,044
3,090,237
1,878,003
2,782,875
923,676
3,256,900
921,913
2,558,376
? 5 0 ,001
2,075’ -533
. - .
.
176,210
197,574
330,719

M a rch 6 ,
1893.
26
$38,780,255
3,800,678
4,2 /9 .7 2 2
1.588,990
2,060,648

958.402

3.3o0,5«3
877,078
1,897,853
182,995
1,478,. 2 L
207,687
151.182
291,702

M a y 17.
1892.
26
$38,874,792
3,05' ,386
5,285, 43
2,099,603
2,559,693
8 /9 .4 2 1
2 ,9 99,7-9
9 -7,310
2,769,170
483,102
1,7 9 9 ,8 .7
100,356
181,295
330,063

$00,486,100

$63,017,040

•Capital stock paid In ......... ........................ »U.100,(»0 $10,900,000
S u r p l u s a n d u n d iv id e d p r o fit s ..........................
8 534 805
8,328,888
..C i r c u l a t io n A
n l os tta
nn
nd
. l in
l i .g
..
lint
1,575,310
^ D iv id e n d s u n p a id .................
59,874
x tn d iv id u a l d e p o s it s .............
....................
35,381,954
32,022,1 L5
O t h e r d e p o s it s .....................
................................................269,101202,055
H u e t o b a n k s a n d ban k er 5
....................
6,501,907
6,707,0 4
O t h e r l ia b ilit ie s ................... .
......................
126,604
30,000

$10,900,000
7,748,835
1,4 08,430
.95,914
35,384,705
317,829
7.061,237
50,000

i S

S

f e - ...........................................................

..7*7*7.!

T o t a l..

$64,083,233

1’955*080
*153)782

$61,083,233

$60,480,100

$03,017,040

)

$46,178,329
M a y 4,
1893.
9

M a y 17,
1892.
13

$28,390,782
0,928,877
3,110,8*8
3/270,6 >3
4o0,745
30,967
1,440,907
418.838
2,o 18.814
258,931
24*2,633
2 i'8,087
419,984
263,993

$28,588,403
6,910,208
4,125,034
3,503,284
417 ,148
30,967
1,201,634
706,724
3,927,267
514,491
237,827
97,749
497,488
196,519

$17,918,070

$50,954,741

$9,100,000
4,012,162
2,591,230
3,452
20.849,768
74 5,532
9,851,326
762,600

$9,100,000
3,538,032
2,091,600
13,523
22,102,347
896,028
12,857,662
295,549

$47,918,070
M arch 6,
1893.

$50,954,741
M a y 17.
1862.

10

10

$18,609,949
1,968.574
1,983,112
1,786,360
398,403
313,211
1,151,235
429,112
1,442,552
196,697
591,482
58,313
58,000
111,345

$18,106 564
1,996,233
3,407,084
1.846/, 77
406,959
335,211
965,922
491,618
1,3 1 8 .5 /4
316,894
703,713
62,553
67,000
111,903

$17,119,483
2,031,514
3,720,371
1,384,703
382,511
278,205
1,189,293
288,278
1,096,44 1
368,822
382,832
71,400
88,503
97,412

T o t a l ..............................................................
$29,158,375
L ia b ilities —
C apital s t o c k p a id i n ................................................ $0,550,000
S u rp lu s a n d u n d iv id e d p r o fit s ...........................
903,721
C ir c u la t io n o u t s t a n d i n g .........................................
405,000
D iv id e n d s u n p a id ......................................................
992
I n d iv id u a l d e p o s i t s ..................................................
9,887,006
O th e r d e p o s i t s ..............................................................
84,640
D u e t o b a n k s a n d h a n k e r s ....................................
10,651,956
O th e r l i a b i l i t i e s ..........................................................
635,000

$30,257,035

$28,499,828

$ 8 ,800,000
,

$0,800,000
1,288,540
450,000
1,309
9,892,600
94.884
9,972,435

. . $29,158,375
M 'iy 4.
NEW ORLEAN S.
1893.
N u m b e r .......................................................... ...............
10
R eso u rces—
o a n s a n d d is c o u n t s , in c lu d in g o v e r d r a f t s1. $14,860,894
S t o c k s , b o n d s , & c........................................................
4,22/,>-34
D u e f r o m r e s e r v e a g e n t s ................... .................
1,149,168
D ue f r o m b a n k s a n d b a u k e r s ......... ................
805,687
B a n k in g h o u s e , fu r n it u r e a n d fix t u r e s ........
597.821
O th e r re a l e s t a t e a n d m o r tg a g e s o w n e d . . .
31,2.-8
G o ld c o in a n d c e r t i f ic a t e s ...................................
631,293
..
I,3 b8.7 78
.
1,828,471
B ills o f o t h e r b a n k s .........................
77,407
.
1,554,223
E x c h a n g e s f o r C l e a r in g -H o u s e —
170,131
C u rr e n t e x p e n s e s a n d t a x e s p a i d .
126,268
P r e m iu m s o n U . S. b o n d s ..................
60,416
O th e r r e s o u r c e s ........................................
. $27,484,079
S u rp lu s a n d u n d iv id e d p r o fits .
C ir c u la t io n o u t s t a n d i n g ...............
D iv id e n d s u n p a id ...........................

.
.
.

O th e r d e p o s it s

T o t a l .......................................................................

E R A N C IS U O .

N u m b e r .......................................................................
R esou rces—
L o a n s a n d d is c o u n t s , i n c lu d ’g o v e r d r a f t s .
S t o c k s , b o n d s , Jtc........................... ......................
D u e f r o m r e s e r v e a g e n t s ...................................
D u e f r o m b a n k s a n d b a n k e r s .........................
B a n k in g h o u s e , f u r n it u r e a u d f i x t u r e s . . . .
O th e r r e a l e s t a t e a n d m o r tg a g e s o w n e d . . .
G o ld c o in a n d c e r t i f ic a t e s ...................................
S ilv e r c o in a n d c e r t i f i c a t e s ..............................
L e g a l t e n d e r n o t e s a n d c e r t 'f s o f d e p o s i t .
B ills o f o t h e r b a n k s ..............................................
E x c h a n g e s f o r C le a r in g -H o u s e .....................
C u rr e n t e x p e n s e s a n d t a x e s p a i d . . ............
P r e m iu m s o n U . S. b o n d s ...................................
O th e r r e s o u r c e s ......................................................
T o t a l ............................................................
L ia b ilities —
C a p ita l s t o c k p a id i n ..........................
S u rp lu s a n d u n d iv id e d p r o f it s .........................
C ir c u la t io n o u t s t a n d i n g .....................................
D iv id e n d s u n p a id ....................................................
I n d iv id u a l d e p o s i t s ........................
O th e r d e p o s it s
....................
D u e t o b a n k s a n d b a n k e r s . ..............................
O th e r l ia b ilit ie s .......................................................
T o ta l.

100,000
$30,257,035
M arch 6 ,
1893.
10

$28,499,828
M a y 17,
1892.
10

$ 1 5 ,8 3 0 ,ls 4
4,254,731
1,337,409
949,836
582.227
31,288
612/244
1,425,474
1,717.467
90,399
2 , lS 6 , 2 i 0
90,469
127,094
82,740

$12,040,288
3,235,314
1,844,778
1,017,252
652,373
65,346
1,024,167
1,477,122
1,807,586
09,914
861,114
109.208
155,000
76,776

$29,317,867

$24,422,268

$3,025,000
2,799,484
836,692
12,530
17,509,330

$3,025,000
2,592,464
8 i7 ,H 3
17,415
18,784,007

$3,025,000
0,603,302
838,095
12,924
14,908,957

2,555,705
145,932

3,039,953
401,835

2 ,283,930
9 0 ,000

. $27,484,679
M a y 4,
1893.

N u m b e r .........................................................................
8
R esou rces—
L o a n s a n d d is c o u n t s , i n c lu d in g o v e r d r a ft s . . $17,298,378
S to c k s , b o n d s, & c ..................................................... .
1.805,285
D u e f r o m r e s e r v e a g e n t s .....................................
1,440 437
1,078,999
D ue f r o m b a u k s a n d b a n k e r s — ...................
10,803
B a n k in g h o u s e , fu r n it u r e a n d f ix t u r e s .........
O th e r rea l e s t a t e a n d m o r tg a g e s o w n e d —
___
92,722
G o ld c o in a n d c e r t if ic a t e s .................................. .
1 007,110
S ilv e r c o in a n d c e r t ific a t e s .................................
"1 '3 ,9 0 s
69.4.428
L e g a l t e n d e r n o t e s a n d e e r t ’e a t e s o f d e p o s it .
B ills o f o t h e r b a n k s
134,589
303,763
E x c h a n g e s f o r C le a r in g H o u s e ..........
C u rr e n t e x p e n s e s a n d t a x e s p a id . . .
44,485
218,000
P r e m iu m s o n U n it e d S t a t e s b o n d s ..
150.229
O th e r r e s o u r c e s ..............................................

SAN

9 6,907
450,600
493
,076.291
11 ,'
90.439
782,905

...

Due to banks and bankers..
Other liabilities...................

M f . - L ...............................................................$182,318,336 $157,744,830 $170.!984,676
L ia b ilities—
^ P ^ t a l^ s t o c ^ p a id i n . . . .
..•........................$22,765,000 $22,765,000 $22,650,000
S u r p l u s a n d u n d iv id e d p r o f it s .,
L ia b ilities —
17.234.915
35.830,350
‘C ir c u la t io n o u t s t a n d in g .............
8,084.480
3,699,410
3,4(51,.i50
^ D iv id en d s u n p a id ......... .................
............
393,221
41,297
140.897
i n d i v i d u a l d e p o s it s ..................... .
...........
95,489,471
90,8O.<, 722
♦O ther d e p o s i t s ...............................
...........
163,714
179.453 10U^ 0 3 ' 5 m I d i v i d e n d s u n p a id ..
Tr n ii in id n a l ilo n n a it
(O n e t o b a n k s a n d b a n k e r s ___
...........
22,791.014
23,07l,t.53
28,114,931
O t h e r lia b ilitie s ................................
O th e r d e p o s it s ............... ...........
...........
510,000
450,0b0
100,000 D u e t o b a u k s a n d b a n k e r s .,
T o t a l.,
O th e r l ia b ilit ie s .........................
.$162,318,336 $157,744,880 $170,984,676

53* obeT...........................................

M arch 6 .
1893.
13

N u m b e r .....................................................................
R eso u rces—
Los*ns «fc d is c o u n t s , i n c lu d in g o v e r d r a f t s . $27,370,525
6,893,202
S tock s, b o n d s , & c .................................................
D u e f r o m r e s e r v e a g e n t s ..................................
2 ,6 4,980
D u e f r o m b a n k s a n d b a u k e r s ...........................
3,02 ',3 3 7
K a u k in g h o u s e , fu r n it u r e a n d f ix t u r e s ....
373,745
O th e r re a l e s t a t e a n d m o r t g a g e s o w n e d . .
33,159
G o ld c o in a n d c e r t i f ic a t e s .................................
863,065
S ilv e r c o in a n d c e r t i f ic a t e s ...............................
299,765
L e g a l t e n d e r n o t e s a n d e e r t i f ’s o f d e p o s it ..
3,387/243
B ills o f o t h e r b a n k s ..............................................
339,890
E x c h a n g e s f o r C l e a r i n g - H o u s e .....................
229,968
C u rr e n t e x p e n s e s a n d t a x e s p a id ..................
62,705
P r e m iu m s o n U n it e d S t a t e s b o n d s ...............
397,883
O th e r r e s o u r c e s ......................................................
2 5 8 ,. 97

D E T R O IT .

$94,930,446
9,026,980
14,671,837
9.239,407
3,507,335
359,557
14.610,859
3,228,599
10,478,686
279,906
8,632,710
185 529
l-i0,459
1,390, 96

[VOL, LVI,
M a y 4,
1893.
13

$1,400,000
1/208,140
l,3 0 u ,? 2 0
82 4
10,002,795
280,888
6,170,000
3,C73,7 4

$29,317,867 $24 ,4 4 2 ,2 6 8
M a rch 6 ,
M a y 17
1893.
1892.
8

$17,048,345
1 .8 1 -.2 8 5
2 ,0 5, 48
1,004,686
l o .8 0 3
9 z,722
995,100
107,008
982.7->9
110.380
3 10 ,4u l
37,498
220,500
143,1)18
$25,579,853

$25,575,980

$4,400,000
1/21L/285
1,242,210
325
10,68-’ ,*'58
20S.077
7 ,3 9 8 ,9 /3
335.575

$4,400,000
1,250,854
377 ,4 0 0
166
11,456,550
305,018
7,038.972
57,000

$24,503,191 $25,579,853
M ay 4
M a r c h 6 . '93.

2

8

$17,288,601
916,785
2,701,847
1,502,958
17,154
184,475
1,128,002
200,883
980,739
120 ,076
260,505
53,214
108,500
74,521

$25,575,900
M a y 17, *92 ■

2

$6,733,799
220,500
11,411
410,136
340,140

$6,582,190
239,500
1 ■'4,579
503,003
346,140

$5,960,471
238,715
100,368
380,525
340.823

1,062.080
30,900
31,503
5,000
193,014
1,043
26,750
8.720

1,409,225
52,080
9,057
3,500
262.352
1,493
, 28,280
6,240

1,087,085
34,785
13,473
7,000
222,580
3,818
33,500
0,784

$9,088,256

$9,532,143

$2,500,000
1,324,760
88,100
430
3,743,472
100,4 d0
1.331,0u4
..............

$2,500,000
1,25 ,707
fcO.OoO

$9,089,266

$9,682,148

ai5

3 ,939,479

111/271
1,682,855

$8,429,922
$2,500,000
1,175/387
8 9 ,100
31 6
3,320,700
102,557
1,235,562
$8,429,01

THE CHRONICLE.

J ure AO, 1893,J

H aow eturg1® am m crctal g u g lis h U ru s i
[From our
L

(rwn correspondent.]
o n d o n , Saturday, May 37, 1898.

959

'

stood that the break-down of the negotiations for the loan was
due to the King. The London houses which were negotiating
insisted upon a real foreign control, arguing that while they
fully trusted M. Tricoupi, they had no assurance that ho
would remain in office for any length of time, and that they
had no confidence in any other Greek public man. M.
Tricoupi, it is said, would have given way, but the King ob­
jected partly on dynastic grounds and partly believing that it
was derogatory to the country. Until the objections o f the
King can be overcome it is hardly probable that the money can
be raised. There is also a fear that a break-down in Spain
cannot be much longer postponed, and the difficulties of Italy
are manifestly increasing. Nevertheless, quotations on the
Continental bourses have been well maintained, as already
said, with the exception o f those for Greek stocks. In Lon­
don there has been a recovery of from 1 to 3 in Australian
Government bonds during the week. Australian bank shares
have also risen somewhat and South American securities are
fairly firtm So likewise are British railway stocks ; and after
the shake-out last week in South African gold, diamond and
land shares there has been steadiness this week. In the
American department hardly anything is doing. Up to
Thursday afternoon the inclination here was to sell, but on
that afternoon a telegram reporting that there were indica­
tions that Congress would soon be called together to repeal
the Sherman Act led to a rise all around in quotations, but
there was no material increase in business.
According to the Vienna correspondent of the Times, the
Russian crop prospect is exceedingly bad. In the southwest
districts up to the northern frontier o f the governments of
Kieff and Podolia, more than three-fourths of the wheat sown
in the winter months is entirely lost, while the rape is almost
completely destroyed and the rye is seriously damaged, and
there is great scarcity of food for cattle. Throughout W est­
ern and Central Europe, too, the prospect is unfavorable,
owing to the long continued drought. During the past week
or two there has been some rain but nothing like sufficient.
Even yet in most countries there is time lor material im­
provement if the drought comes to an end, but it is greatly to
be feared that the hay crop will be very deficient, whatever
happens.
The rates for money have been as follow s:

The 4 per cent rate is attracting gold in large amounts.
During the week ended Wednesday night the Bank of Eng­
land received, net, £881,000, the larger part from New York,
and it is expected that within a very few days nearly as much
more will be received. Owing to this and to the general
belief that the worst of the Australian crisis is now over, the
joint-stock banks began to operate more freely upon Tuesday,
when business was resumed after the Whitsuntide holidays.
But on Wednesday apprehension sprang up again, and rates
hardened. The chief cause of the revival of apprehension
was the forced closing of large accounts which had been
carried over at the last Settlement. There were also rumors
that some merchants in the Australian trade were in difficul­
ties. The rumors have not so far been confirmed ; but after
such a series of banking disasters they are only too likely.
Lastly, a fall in the shares of the Trustees, Executors &
Securities Insurance Corporation created alarm. The corpo­
ration was founded about five and a-half years ago with a
capital of 3 millions sterling in £10 shares, o f which £3 were
called up, leaving a liability of £7 per share. In its early
days it founded a large number of trust companies, in which
it is raid to be still largely interested ; and it will be recollected
that it took an active part in the efforts to help Messrs,
de Murietta & Co. Reports were circulated this week that
the corporation has given guarantees broadcast and that
some of the companies in which it is interested would have to
make a call upon their shareholders. The reports have been
contradicted, but so great was the alarm among shareholders
that they have been paying 5s. per share to get rid of their
liability. For the last day or so, however, confidence has
again somewhat revived, mainly owing to the strong Brnk
return issued on Thursday afternoon, and the discount rate in
the open market has declined to about 3jg per cent.
The last Settlement on the Stock Exchange was one of the
most difficult experienced for a long time, owing to the call­
ing in of loans by the joint-stock banks. Fourteen members
of the House suspended, and a considerable number o f others
were helped temporarily by their friends. As the accounts
I n t e r e s t a l lo w e d
O p en M a r k e t R a t e s .
of these latter have been closed this week, it is expected that
1 0r d e p o s i t s h y
some of them at all events will be declared defaulters at the
B a n k B ills .
T r a d e B i l ls .
O U c ’ t IT a t
Settlement which begins on Monday ; and it is also antici­
A t 7 t o 14
Four
Four
S ix
T h ree
S ix
S to c k
T h ree
pated that the joint-stock banks, more particularly the Aus­
M o n th s M o n th s M o n th s M o n th s M o n th s M o n th s B a n k s. Call. -D a tii.
tralian banks, will again call in large amounts from the Stock
1
1
A p r . 21 2 X i x © - i % ® - m ® - 2 ® 2 M 2 ® 2 X 2
IX
Exchange. So great is the anxiety of members in conse­
2^@ 3
2^@ 3
IX
•* 28 2 X 2 X ® - 2 « @ - 2 X @ - 2 ^ @ 3
m
m
3
@
3
&
3
®
3
«
i
X
3
&
S
X
3
3
X
@
M
a
y
5
I
X
iu
m
®
quence that whereas usually they do not begin to prepare for
2
2X
"
12
- m ® - su ® - 4 @ — 4 @ — £ & •m
the carrying over of their accounts until the first day of the
3
“
19 4
4
m
3X
4X@ - m ® 3
Settlement, which will be Monday, this time they began on
“
26 £ U & — £ <3> — 4 & - m ® - 1 X @ - £ X @ 2*
3X
Wednesday. Up to the present they have found no difficulty
The Bank rate of discount and open market rates at the
in arranging for all the accommodation they require at from
chief Continental cities now and for the previous three w eeke
5 to 6 per cent, and unless something quite unforeseen occurs
have been as follows:
there is reasonable ground for the belief that the banks will lend
much more freely next week. This attitude of the banks lias
M a y 19.
M a y 12.
M a y 5.
M a y 26.
R a te s o f
helped very materially to dispel alarm.
In terest a t
B
a
n
k
B
a
n
k
B
a
n
k
O
p
e
n
O
p
e
n
O pen
B
a
n
k
O
p
e
n
The India Council again offered for tender on Wednesday
R a t e . M a r k e t R a t e . M a rk et R a t e . M a r k e t R a t e . M ark ed
60 lakhs of rupees in bills and telegraphic transfers, and sold
2
2
2X
2X
2X
2X
2X
2X
a trifle over 43 lakhs, nearly all in transfers, at the minimum P a r is .....................
3
3
3
4
3
4
3X
B e r lin ...................
2X
price on which it has insisted for some months past, namely, H a m b u r g ...........
3
4
3
3
3
4
3
2X
3
3
4
3
3
3X
2X
Is., 2%d. per rupee. Money in India is still in very strong iT r a n k fo r t ........... 4
3
3
2X
2X
m
m
2X
2X
demand, the official minimum rates ranging from 7 to 8 per A m s t e r d a m —
3
2%
3
3
lu
2X
2X
2X
cent, and the rates are decidedly higher in the open market. V ie n n a ................. 4
4
4
4
3H
3X
3X
sx
4X
4X
4X
4X
4X
<X
4X
iH
Even so, the Indian banks whose head offices are in London 3 t . P e t e r s b u r g .
6
5
6
5
5
5
5
5
are remitting only sparingly. In the present stale of our CMoapdernidh ................
4
4
3
3
3*
a g e n ...
3X
SX
money market they are unwilling to put large amounts of
The following return shows the position of the Bank of
bills in circulation, and consequently they have not the usual
England,
the Bank rate of discount, the price of consols, &c.,
resources to buy. They are confining their purchases almost
entirely to India Council telegraphic transfers, which gives compared with the last three years:
1893.
1892.
1891.
1360.
them the money on the next day after the purchase, and they
M a y 24.
M a y 25.
M a y 27.
M a y 28;
are neglecting silver, which has remained for the greater part
£
£
£
£
25,530,170
24,647.730
24.549.390
C ir c u la t io n .......................................... 26,723,940
of the week at 37%d. per ounce.
7,016,936
0,577,944
6,399,511
d e p o s i t s ...................................
6,387,939
In spite of the renewed uneasiness at the Stock Exchange OP tuhbelic
30,336,910
32,982,549
r d e p o s i t s .................................... 29.211,127
2 5 .9 8 0 ,9 9 9
9,941,882
this week there has been no very great change in quotations. G o v e r n m e n t s e c u r i t i e s ................. 11,203,101 11,256,001
15,505,65
Apart, indeed, from the forced closing of accounts, very little O t h e r s e c u r i t ie s ....................... .— 29.106,279 26.911.652 31,321.350 21.109,515
16,598,524
16,069,579
R e s e r v e ................................................... 13.794,095
13,056,280
business has been done. The only stock that has fallen G o ld a n d b u llio n .............................. 24,067.035 35,678.694 24,267,309 2 1.755,67
37^
14 H
42
heavily is Greek. It is now feared that Greece will not be P r o p , a s s e t s t o lia b ilit ie s , p e r c t .
2
5
3
able to pay the July coupon, for it is thought impossible just B a n k r a t e ............................p e r c e n t . 98 43-16
97 11-10
93 9-1 0
C o n s o ls 2 % p e r c e n t .........................
now tbatpt'" ‘'an hnrrow even a small amount. It is under
316,000
1(6.215,000 97.235.00
C le a r in g H o u s e r e t u r n s ............... 99,24^ ,000

THE CHRONICLE,

960

Messrs. Pixley & Abell write as follows under date of

[V ol. LVI.
d is b u r s e m e n t s

May 25:
G o ld .— N o c h a D g e lia s o c c u r r e d In t lie g o l d m a r k e t s i n c e w e la s t
w r o t e , a n d t lie w h o le o f th e a r r iv a ls h a v e b e e n p u r c h a s e d b y th e B a n k
o f E n g la n d , th e t o t a l a m o u n t in g t o £ 3 4 9 ,0 0 0 . A r r iv a ls :
A u s tr a lia ,
£ 3 0 , 0 0 0 ; C h in a , £ 5 2 , 0 0 0 ; B o m b a y , £ 2 9 , 0 0 0 ; N a t a l , £ 4 8 , 0 0 0 ; K i v e r
P la t e , £ 5 4 ,0 0 0 ; t o t a l, £ 2 1 3 ,0 0 0 .
S ilv e r .— A f t e r r e m a in in g s o m e d a y s a t 3 7 % d ., th e m a r k e t g a v e w a y
y e s t e r d a y to 3 7 % d . T h is w a s c h ie fly o w in g t o t h e d is in c lin a t io n o f
In d ia n b u y e r s t o r u n a n y r is k p e n d in g t h e is s u e o f th e r e p o r t b y L o r d
H e r s c h e ll’ s C o m m itte e , c o u p le d w it h th e f a c t t h a t a ll th e In d ia n
C o u n c il D r a ft s w e r e n o t s o ld .
A t t h e r e d u c t io n t h e m a r k e t is s t e a d y .
M e x ic a n D o lla r s .— I n s y m p a th y w it h s ilv e r , th e s e c o in a re a ls o lo w e r ,
a n d th e n e a r e s t r a te is 3 7 % d .

GOLD .
L o n d o n S ta n d a r d .

M a y 25.

B a r g o l d , fin e . . o z .
B a r g o l d , c o n t a i n ’g
24 d w t s . s i l v e r . .o z .
Span, d o u b lo o n s .o z .
tJ. S. g o l d c o in . . . o z .
G e r m a n g o ld c o in .o z

s. d
77 9

».
77

d.
9

77

9%

73

m
m
4J4

77
73
76
76

0 ),
9k
Ik
ik

76
76

S IL V E R .
L o n d o n S ta n d a r d . M a y 25. M a y 18

M a y 18.

B a r s ilv e r , fin e ., o z .
B a r s i lv e r , c o n t a in in g 5 g rs. g o ld . o z .
C a k e s i l v e r ............o z.
M e x i c a n d o l la r s .......

T o t a l ........................... 7 9 , 7 7 3 , 0 0 6

ic M
37 %

1 3 ,8 8 7 ,3 8 6
1 0 ,5 8 7 ,8 0 8
1 ,5 1 9 ,2 4 2
2 ,2 1 2 ,4 2 1
2 0 ,4 6 8 ,9 2 1
1 2 ,2 8 8 ,5 9 8

1 8 9 0 -9 1 ,
4 0 ,9 0 1 ,1 2 7
1 2 ,2 8 8 ,5 9 8
2 9 ,0 3 3 ,0 0 1

1 8 9 0 -9 1 .
39s. 6d,
33s. l i d ,

3 ,4 1 6 ,0 0 0
3 0 5 ,0 0 0
5 0 0 ,0 0 0

37H

1 8 8 9 -9 0 .
3 8 ,7 5 8 ,7 8 4
1 1 ,9 7 1 ,1 5 4
8 ,8 6 9 ,9 4 4
1 , 4C; 9 . 4 6 6
2 ,4 0 3 ,9 0 2
2 8 .8 6 7 ,7 9 1
1 2 ,9 2 9 ,8 7 2

1 8 8 9 -9 0 .
3 8 ,7 2 8 ,7 8 4
1 2 ,9 2 9 ,8 7 2
3 7 ,8 7 6 ,8 0 0
8 9 ,5 3 5 ,4 5 6
1 8 8 9 -9 0 .
33s. 2 d .
30s. 2d.

1892.
2 ,4 2 3 ,0 0 0
3 0 5 ,0 0 0
3 3 8 ,5 0 0

1891
2 ,5 5 9 ,5 0 0
3 0 3 .0 0 0
3 6 0 .0 0 0

N

a t io n a l

The daily closing quotations for securities, &c., at London
are reported bv cable as follows for the week ending June 9 :
Sat.

M on.

lu e s.

W ed .

T h u rs.

S r i.

37%
37%
S i l v e r , p o t o z ...................... d
3 7 1 5 ,6 3 8 %
38%
38%
C o n s o l e , n e w , 2 % p e r e t a . 9 8 i s ;6 9 8 m le 9 9
99% 6
9 8 i% 6 99% e
do f o r a c c o u n t ........... 9 9
99 k
9 9 i ]0
99%
9 9 31«
Frkh r e n t e s ( in P a r i s ) ! r . 9 8 2 2 k 9 S * 3 7 k 9 8 4 2 % 9 8 2 7 % 9 8 - 4 2 % 9 8 - 3 5
U. 8. 4 s o f 1 9 0 7 ..................
Canadian P a c i f i c ................ 78 %
"9 k
78 %
79k
78%
79%
O h io . M i l . & S t . P a u l . . . .
69
70
69%
08k
69%
70 k
89*3
I l l i n o i s C e n t r a l ....................
90%
92
92%
92%
93%
Lake S h o r e ............................. 1 2 3
123
325
125k
125%
120k
L o u is v ille & N a s h v ille ..
66k
66k
(>314
66%
64%
M e x i c a n C e n t r a l 4 s .........
60
59 k
60
60%
60k
61k
H. Y . C e n t r a l & H u d s o n . , 0 3 1 *
103%
104%
105
104k
105 k
V. Y. L a k e E r i e & W e a t ’ n 1 7 1 4
17k
18%
18k
IS k
18%
92
do
2 d c o n s ........... ..
93
93
92%
92
93k
23
■ o r f o l k A W e s t e m .p r e f.
24 k
23%
24%
24k
24
34
W orth e r n P a c i f ic p r e f . . .
35
34%
34k
34
34%
P e n n s y l v a n i a ......................
51%
51k*
51k
51k
51%
51k
P h ila d e lp h ia
R e a d in g .
9
9
9
9k
8k
29%
U n i o n P a c i f i c .........................
19%
27k
2 b 34
29%
30
W a b a s h p i e f .........................
15 3 4
16k
17%
l '. %
17k
17%

Revenue

a n d

E

x p e n d it u r e s

C u tI n t e r ' M i s c ’l
lo ta l.
tom s. ! R ev 'tu F und. S 'rcet

I
J u l y ...
A u g ...
B e p t...
O c t .. .
N o v ....
D e c ....
J a n ........
F e b ___
M a rch ..

Apnl...
M a y ....

17,205
18,272
17,210
16,36*

t

14,866
14,063|
13,780!
14,154!
11,269 13,051!
17,255 14,743,
21,102 12,053
16,501 11,208
19,66!
12,931
15,908’ 11,729!
16,4.25 13,212

5
257
551
43
548*
55
146!
207,
312,
322!
384j
43

2,243
1,144
852
70S
1,420
2,034
1,848
2,407
1,520
1,880
2,292

*
S i,571
34,038
31,841
31,830
28,795
34,778,
35,210
30,8 8S
34,433
29,601
S0,0?2|

C u stom s.

1

i
14,552
12,50^
11,946
13,06h
12,480
12,511
11,911
12,189
12,134
12,422
13.050

.—

11 m os. 189.178 145.8061 2.071 19,108 350.7031 183,205
13S.763

%
142
111
836
112
114
287
159
57
212
417
270

a n k s

8,547 303,250

171,642 122,461 23,090 15,215 332 ,4 0 8

.—

C O R P O R A T E E X IST E N C E O P N A T IO N A L B A N K S E X T E N D E D .
2 ,1 1 6 — T h e G r ig g s v ille N a t io n a l B a n k , G r ig g s v ille , I llin o is , u n t il J u n e
2 ,1 9 1 3 .
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are
the imports at New York for the week ending for dry goods
June 1 and for the week ending for general merchandise
June 2 ; also totals since the beginning of the first week in
January.
F O R E IO N IM P O R T S A T N E W Y O R K .

F o r W ee k .

1890.

1891.

1892.

$ 1 ,3 1 4 ,7 2 4
6 ,6 5 0 ,4 3 3

1893.

D r y G o o d s ..........
G e n T m e r ’d i s e .

$ 1 ,8 4 1 ,6 7 4
7 ,4 3 5 ,6 0 9

T o t a l ..............
S in c e J a n . 1 .
D r y G o o d s .........
G e n T m e r ’d is e .

$ 9 ,2 7 7 ,2 8 3

$ 7 ,9 6 5 ,1 5 7

$ 8 ,2 7 3 ,1 3 ?

$ 8 ,4 7 2 ,9 5 5

$ 6 5 ,0 7 8 ,2 0 2
1 6 1 ,1 4 0 ,0 8 4

$ 5 3 ,5 7 5 ,4 4 5
1 8 1 ,5 8 1 ,3 9 4

$ 5 4 ,0 4 4 ,2 7 8
1 8 9 ,6 9 8 ,2 5 7

$ 6 6 ,4 8 1 ,3 5 8
2 1 9 ,0 8 7 ,7 4 6

$ 1 ,5 9 3 ,6 1 8
6 ,6 7 9 ,5 2 0

$ 1 ,8 6 4 ,2 0 7
6 ,6 0 8 ,7 4 8

T o t a l 2 2 w e e k s . $ 2 2 6 ,2 1 8 ,2 8 6 $ 2 3 5 ,1 5 6 ,8 3 9 $ 2 4 3 ,7 4 2 ,5 3 5 $ 2 8 5 ,5 6 9 ,1 0 4

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 f oreigu ports for the
week ending June 6 and from January 1 to date:
EXPORTS FR OM N E W Y O R K FO R TH E W E E K .

F o r th e w e e k ..
P rev. rep orted .

1890.

1891.

1892.

1893.

$ 5 ,2 4 7 ,6 3 6
1 3 9 ,9 7 1 ,2 9 5

$ 7 ,6 1 0 ,7 6 2
1 4 1 ,5 7 5 ,8 2 4

$ 8 ,0 4 4 ,4 0 7
1 6 6 ,3 4 5 ,1 9 6

$ 7 ,1 7 2 ,9 0 7
1 4 0 ,0 6 2 ,0 1 0

T o t a l 2 2 w e e k s . $ 1 4 5 ,2 1 3 ,9 3 1

$ 1 4 9 ,1 8 6 ,5 8 6 $ 1 7 4 ,3 8 9 ,6 0 3 $ 1 4 7 ,2 3 4 ,9 1 7

The following table shows the exports and imports of specie
at the port of New York for the week ending June 8 and since
January 1, 1893, and for the corresponding periods in 1892
and 1891:
E X P O R T S AN D IM P O R T S OF SP E C IE A T N E W Y O R K ,

E x p o r ts .

Im p o r ts.

G old .
W ee k .

S in c e J a n . 1 .

S o u t h A m e r i c a ..............
A l l o th e r c o u n t r ie s ..

$ 3 ,7 5 6 ,3 0 0 $ 1 5 ,6 2 5 ,9 5 7
1 7 ,9 9 0 ,1 0 2
2 5 ,4 5 3 ,1 0 0
2 ,7 5 4 ,6 0 0
6 ,4 2 3 ,8 0 1
1 3 ,4 6 8
1 ,1 2 2 ,6 7 0
1 ,0 1 0 ,0 2 0

T o t a l 1 8 9 3 ..............
T o t a l 1 8 9 2 ..............
T o t a l 1 8 9 1 ..............

$ 6 ,5 1 0 ,9 0 0 $ 6 7 ,6 3 9 ,1 1 8
1 .8 4 7 ,5 6 5
2 5 ,4 7 5 ,2 0 9
5 9 ,7 8 6 ,(5 6
6 ,4 1 4 ,8 3 5

G r e a t B i i t a i n ................
G e r m a n y ...........................
W e s t I n d i e s .....................

W eek.

N .B k .
I n te r 'i Red'p. M isc’l
R e v ’u t F u nd. S ’rces

15,468
15,105
14,121
13,081
12,059
14,329
17,391
10,7S3
10.415
13.831
13.122

t
39,720
20,738
23,935
3 1 ,872
27,911
31,809
35,003
27,482
29,425
31,098
32,755

W ee k .
$

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

1 2 ,1 9 9

$ 1 2 ,1 9 9
4 ,2 0 0
7 4 ,5 6 0

S in c e J a n . 1
$ 2 ,1 2 5
4 ,1 2 9 ,6 0 0
4 7 8 ,6 4 0
9 3 ,3 2 1
3 3 ,4 7 9
3 3 5 ,5 4 3
4 5 ,0 9 7
$ 5 ,1 1 7 ,8 0 5
6 ,1 2 6 ,3 4 1
1 ,6 4 5 ,0 1 7

I m p o r ts .

S ilv e r .

Through the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of May. From
previous returns we obtain the figures for previous months
and in that manner complete the statement for the eleven
months of the fiscal years 1892-93 and 1891-92,
r e c e i p t s ( 0 0 0 s omitted).
o v e r n m e n t

B

E x p o r ts .

gom nxerctal and B lis c e lla u e u n s
G

*
1,098
1,201
1,668
1,221
1,755
1,39*
1,488
1,519
1,20*
1,038
1,023

4 ,9 1 1 — T h e E o c k w a ll C o u n ty N a t io n a l B a n k o f R o c k w a ll, T e x a s . C a p i­
t a l, $ 5 0 ,0 0 0 . T . W . B a ile y , P r e s i d e n t ; F r a n k J o n e s , C a s h ie r .
4 ,9 2 0 — T h e N a t io n a l B a n k o f D e c a t u r , I llin o is .
C a p it a l, $ 1 0 0 ,0 0 0 .
K il b u r n H . R o b y , P r e s i d e n t ; B . O . M c R e y n o l d s , C a s h ie r .

E n g llt li F in a n c ia l J l a r k t n - p o r C a b le .

L ond on.

34,426
39,253
31,077
32,373
33,771
30,873

%
2,823
489
415
5,171
359
326
6,073
704
24*
1,706
4,073

The following national banks have
recently been organized:

8 2 ,2 2 2 ,7 2 6

L a st w eek.

%
13,063
5,094
0,083
10,977
11,784
13,149
10,522
11,502
13,414
12,705
12,908

38 %
io «

The following shows the quantities of wheat, flour ai d
maize afloat to the United Kingdom:
T h is w e e k

*
21,530
13,974
15,109
14,500
14,013
10,930
10,980
13,637
14,557
15,589
14,751

*
37,24'.
32,081
28,917
31,881
30,749

3SM

1 8 9 1 -9 2 .
31s.
6d.
34s. 8d,

W h e a t .............................q r s . 3 , 5 7 8 , 0 0 0
F lo u r , e q u a l to
q r s . 3 1 7 ,0 0 0
W a i r a ..............................o r s . 5 1 4 , 0 0 0

%
915
641
725
93
1,108
818
902
811
740
532
662

»
7,048
330
247
5,153
305
275
7,104
322
079
5,096
383

11 m o s . 179,755 147,940 27,002

8 6 ,9 4 8 ,8 2 2

1 8 9 2 -9 3 .
A v e r , p r ic e w h e a t w e e k .2 7 s .
O d,
A v e r a g e p r ic e , s e a s o n .,2 6 s , 8 d ,

M ay....

*
14,235
13,478
12,654
11,682
13,432
14,952
13,038
13,495
13,840
12,872
11,368

N .B k
P en ­
I n ­ R ed 'p l o t a l .
s io n s. te r e s t F u n d .

d.

Supplies available for consumption (exclusive o f stocks cr
September 1):
1 8 9 1 -9 2 .
4 7 ,4 4 8 ,0 0 5
1 4 ,7 4 6 ,0 8 4
2 4 ,7 5 4 ,7 3 3

F e b ....
M a r c h ..
A .p ril...

*
15,051
17,632
15,291
14,353
15,844
18,381
18,209
17,049
17,114
15,271
15,500

O rd i­
n ary.

37J6

1M PO RT8.

1 8 9 2 -9 3 ,
W h e a t ........................e w t 4 3 . 4 1 3 , 6 6 2
I m p o r t s o f f l o u r ............1 5 , 4 0 5 , 7 7 6
S a le s o f h o m e - g r o w n . 2 0 ,9 5 3 ,5 6 8

S e p t . .. .
O ct....
N ov—
D e c ....

P en ­
sio n s.

d.

1892-93.
1891-92.
1890-91.
Importsofwheat.cwt.43,413,662 47,443,005 40,901,127
1 4 ,5 6 9 ,1 0 5
9 ,9 2 6 ,4 2 3
2 ,1 5 9 ,1 2 2
2 ,6 0 8 ,8 3 6
2 0 ,2 9 3 ,3 2 1
1 4 ,7 4 6 ,0 8 4

A a g ...

O rdi­
nary.

1891-92.

N .B k .
I n ­ R ed'p. T ota l.
terest. F u n d .

37 H

The following shows the imports of cereal produce into the
United Kingdom during the first thirty-eight weeks of the
season compared with previous seasons :

B a r l e y ....................................1 3 , 1 6 9 , 6 7 1
O a t s .......................................
9 ,3 9 2 ,9 2 1
P e a s ...................................... i 1 , 6 2 0 , 9 6 3
B e a n s ...................................
3 ,2 0 7 ,1 3 7
I n d i a n c o r n .................... 2 2 , 1 3 9 , 2 0 6
F l o u r .................................... 1 5 , 4 0 5 , 7 7 6

J u ly ....

Jan......

The quotations for bullion are reported as follows:

W

(0 0 0 s o m it t e d ).

1892-93.

20tal

~ $
4,138 34,300
1,107 < 28,885
1,098 28,001
1,401 28,500
1,064 26,917
1,950 29,083
2,129 31.59J
1,727 30,756
1,288 30,049
2,404 29,074
2,057 28,499

2,717 20,909 325.714

G r e a t B r i t a i n ................
F r a n c e ................................
G e r m a n y , .........................
W e s t I n d i e s .....................
M e x i c o ................................
8 o u l l i A m e r i c a ..............
A ll o tlie r c o u n t r ie s ..
T ota l 1893
T ota l 1892
T ota l 1891.

S in c e J a n . 1.

$ 5 6 8 ,3 0 2 $ 1 1 ,2 3 3 ,3 8 2
1 3 2 ,1 9 8
1 8 6 ,2 0 0
1 8 5 ,2 0 0
3 3 8 ,8 1 7
3 4 ,0 0 0
660
3 7 ,5 3 3
2 7 ,5 8 9
$ 7 8 7 ,5 0 2 $ 1 1 ,9 5 6 ,3 7 9
5 1 1 ,1 5 0
1 0 ,2 5 4 ,9 2 9
5 6 0 ,5 7 7
6 ,7 7 4 ,0 1 0

W ee k .

S in c e J a n . 1.
7 8 7 ,4 4 0

.............
763i
7 ,2 4 7
1 ,1 9 6
$ 9 ,2 0 6
4 6 ,1 9 6
3 ,7 8 1

2 8 ,8 9 7
7 1 9 ,4 1 6
3 6 2 ,7 2 6
7 4 ,3 7 1
$ 1 ,9 7 2 ,8 5 0
5 9 9 ,9 3 9
7 7 1 ,7 3 9

Of tlie above imports for the week in 1393 $3,068 were
American gold coin and $50 American silver coin. Of the
exports during the same time $6,500,000 were American gold
coin.
— The 75th annual meeting of the shareholders of the Bark
of Montreal was held on Monday, the 5th inst., and a report
of the proceedings may be found in other columns of this
issue. Two dividends of five per cent each, aggregating
$1,200,000, were paid from the profits of the year and $691,425
carried forward to the credit of profit and loss in addition to
the surplus of $6,000,000. In December last the bank was
appointed financial agent to the Canadian Government in
England. The remarks of the President, Sir Donald A*
Smith, and those of Mr. E. S. Clouston, the General Manager,
will repay perusal.

THE CHRONICLE.

J une 10, 1893.]

The movement of breadstuffa to market ia indicated in the
statement below, prepared by us from the figures of the New
York Produce Evehaoge. We first give the receipts at
Western lake and river port9, arranged so as to present the
comparative movement for the week ending June 3, 1893,
and since August 1. for each of the last three years:
R kce ip ts a t —

W h e a t.

F lo u r .

C o rn .

O ats.

B a rle y .

g a tH tittg and ^ m a u c ta l.
B A X K IO F

75,761
31,925
158,224

Milwaukee...
Duluth........
Minneapolis.

1,723
3,170
5,000
17,385
3,300

T o l e d o . ..........
- C l e v e la n d ....

fit. Louis......
P e o r i a .............

■Kansas City.

679,325
22 L,950
749.606
1,029,520
103,100
55,956
10,000
83,138
15,000
69,001

2,964.857
33,150

2,528,004
377,000

139.100
29,725
5,000
821,035
182,800
49,077

84.495
81,00)

3,0)0
46,317
35,000
301,350
593,800

23,655
23,700

2,600
0,660
12,000
700

8L
1,200

61,236
Tot.wk, '93.
187,855
£96,4:88 2,919,599 4,231,741 3,881,471
213,629
64,510
Same wk,’92.
2(59,136 2.630,813 2,688,832 2,161,388
Same wk,’91.
123,400
58,015
180,108 2,097.634 3,295,568 2,533,072
S in c e A u g . 1.
1392-93...... 11,163,836 232,011,182 106,105,631 99,511,872 29,331,530 6,937,582
1891-92...... 10,968,471 202,545,067 106,389,018 90,175,805 30,534,510 14,111,811
1890-91......
9,217,542 101,614,417 87,635,112 82.61S 931 23.154.307 4,129,144

The receipts of flour and grain at the seaboard ports for th e
-week ended June 3, 1893, follow:
C orn,
b u sh .

O a ts,
b u sk .

649 ,0 0 0
41,6 5 3
298,343
159,503
323 ,8 1 7
15,1 1 0
27,6 8 8

503 ,9 5 0
1 30,760
65,6 4 8
78,4 8 9
13,0 0 0
5,448
27,763

1 ,600

Tot. w eek.. 3 3 6 ,7 3 4 2 ,5 2 2 ,0 7 2 1.,515 ,1 1 9
825 ,0 6 1
W eek 1 8 9 2 .. 3 7 8 ,6 4 4 c1,694,576 1.,091,118 3.,243 ,9 7 7

2 ,2 5 0
8 6 ,3 3 7

F lo u r.
A t—

b b ts .

W h e a t,
bu sk.

N ew Y o r k ... 132,806 1.493,625
B oston........... , 69,39 4
89,1 5 0
M on treal. . . . 11,063
284 ,4 1 6
254,663
Philadelphia.. 41,913
Baltimore___. 64,73 L 252 ,0 3 2
R ichm ond. . .
4 ,400
18,8 3 2
New Orleans,. 12,427
12 6 ,2 9 4

B a rley ,
bu sk.

R ye,
b u sh .

23,200
650
16,373
3 ,8 0 0

43,8 73
6 2 ,1 5 3

Below are the rail shipments of flour and grain from
Western lake and river ports for four years:

■Flour............ ___ bbls.

1893.

1 8 92.

1 8 91.

1890.

W ee k
J u n e 3.

W ee k
J u n e 4.

W ee k
J u n e 6.

W ee k
J u n e 7.

226 ,7 9 0

2 0 3 ,1 4 0

2 0 7 ,3 0 6

1 29,952

602 ,2 1 6
854,382

2 91,235
478 ,3 9 2
852,778
82,715
33,4 7 8

4 6 1 ,9 1 4
445 ,6 8 3
7 8 2 ,2 1 7
29,544
49,4 5 2

175,174
1,591,811
1,841.845
88,004
67,4 7 0

T o ta l... ................. 2 ,8 3 9 ,9 8 4

1 ,738,598

1 ,7 68,809

3 ,764,304

W h e a t........ ....h u s h .
■Corn............ .................
O ats.............
Barley.........
R y e .............

The exports from the several seaboard ports for the week
■ending June 3. 1893, are shown in the annexed statement:
E x p o r ts
fr o m —

N ew York
B o ston ...
Montreal
PM ladel.
Baltim ’re
N . Orl’ns.
Norfolk..
N . News.
Portland.

F lo u r .

O ats.

R ye.

P ea s.

B u sh .

B u sh .

B b ls .

B u sh .

B u sh .

B u sh .

8 54.466
2 05,184
273,205
109,143
503,414
295,598

2 1 3 ,3 4 0
6.245
4 69.427
46,000
2 25.427
169,681

139,571
69,8 9 6
14,692
21,131
59,6 3 4
1,414
6,960

116,200

3 1 3 ,2 9 8

365 ,5 7 4

19,553

4 5 ,8 8 6

206 ,6 6 6

436 ,6 1 0

105,971

34,161

W h e a t.

C orn .

T ot, week 2,2 4 1 ,0 1 0 1,130,120
8 ’ me time
1 8 9 2 ... 2 ,5 8 5 ,5 8 4
505,215

19,553

248,162

6,717
39,169

1,212

I n s t o r e a t—

C orn ,
b u sh .

T H E R EPO R T
of the Directors to the Shareholders at their 75th Annual General
Meeting held 5th June, 1 8 9 3 , w as then read as fo llo w s:
The Directors beg to present the 75tli Annual R eport showing this
result of the Bank’s business of the year ended 30th April, 1893.
Balance of Protit and Loss Account 30th April, 1 8 9 2 ___ $5G 5,615 3 3
Profits for the year ended 30th April, 1 8 9 3 , after deduct­
ing charges of management, and making full provision
for all Bad and Doubtful deb ts............................................... 1 ,3 2 5 ,8 1 0 20
Dividend 5 percent, paid 1st December, 1 8 9 2 . ..$ 6 0 0 ,0 0 0
Dividend 5 per cenf, payable 1st June, 1 8 9 3 ___ 6 0 0 ,0 0 0

$ 1 ,8 9 1 ,4 2 5 5 3

1, 200,000 00
Balance of Profit and Loss Account carried forward........

$ 6 9 1 ,4 2 5 53

The figures in the accompanying statement show the Bank’ s position
to he a satisfactory one in every respect, and the shareholders are also
to hs congratulated upon the very fair results of the business of the
past year.
The Overdue Debts secured and unsecured show a reduction o f
$3 3 8 ,0 0 0 in tile aggregate as compared with the statement of the sam e
date in the year 1892.
The Directors have to report that the Bank was appointed Financial
Ageut of the Government of Canada in England by Order-in-Council
at Ottawa in December last, and the leased premises in Abckurcli Lauo
have been enlarged to m eet the requirements of the necessarily in ­
creased staff of olerks there.
During the past year a branch of the Bank lias been opened at
Vernon, B. C., where it Is expected a moderate and safe business w ill
he done.
The Head Office and all the Branches have passed through the usual
inspection during the year.
onald

A. Sm

it h

,

President,

O a ts,
b u sh .

379 ,0 0 0
N e w Y o rk .......... . 5 ,7 81,000
7 7 0 ,0 0 0
2 1 8 ,0 0 0
15,0 0 0
Do a flo a t...,.
510 ,0 0 0
A lb a n y ...............
5 ,000
7 ,000
Buffalo............... .. 3 ,9 7 4 ,0 0 0
2 9 2 ,0 0 0
300 ,0 0 0
Chloago............. ..19 ,9 1 9 ,00 0 2 ,3 8 5 ,0 0 0
793 ,0 0 0
Milwaukee........ 1 ,422,000
9 ,0 0 0
3 0 ,0 0 0
.1 1 ,4 0 3 ,00 0
T oled o............... . 2,4 4 8 ,0 0 0
1 4 4 ,0 0 0
21,000
12,000
Detroit............... . 1 ,3 49,000
38,0 0 0
O sw ego.............
St. Louis........... .. 3 ,416,000
3 3 0 ,0 0 0
168 ,0 0 0
35 4 ,0 0 0
Do aflo at... .
3 ,000
2,000
Cincinnati........
3 ,000
.
175,000
12,000
89,0 0 0
.
1S5,000
25,0 0 0
M ontreal.......... ..
5 11,000
3 9 ,0 0 0
2 9 2 ,0 0 0
Philadelphia.. . . 1,0 1 7 ,0 0 0
266 ,0 0 0
127,000
108,000
27,0 0 0
2 39,000
P e o r ia ............... .
Ind ianapolis...
125,000
26,0 0 0
36,000
161,000
56,000
Kansas C ity ... . 1 ,0 30,000
4 5 1 ,0 0 0
725 ,0 0 0
86,000
B a ltim ore ..........
7 ,000
21.000
M inneapolis... .1 0 ,3 4 7 ,0 0 0
1 35,000
54,0 0 0
9 ,000
On Mississippi.
On Lakes............ 2 ,7 26,000 2 ,4 5 3 ,0 0 0 1 ,9 6 4 ,0 0 0
4 4 8 ,0 0 0
15,000
On_oanal& river 2 ,672,000

____

R ye,
b u sh .

21,000

1 5 ,0 0 0
4 ,000
64,0 0 0
1 4 7 ,0 0 0
5 7 ,0 0 0

6,000
10,000
2,000

__

5 ,000

B a r le y ,
bush..

1,000
56.0 0 0
5 .000
43.0 0 0
4 .000
45.0 0 0
55.0 0 0

2,000

4,000
20,000
35.0 0 0

44,0 0 0

88.000

10,000
6,000

4,000

4 5 ,0 0 0
3 ,0 0 0

4 .6 3 6 .0 0 0
3 .3 4 2 .0 0 0
3 .3 6 9 .0 0 0
4,5 4 9 ,3 9 1
6 .167,955

16,000

2 4 .0 0 0

111,000
5 7 6 .0 0 0
560 .0 0 0
4 5 0 .0 0 0
304,859
6 97.400

S t a t e m e n t 3 0 t h A p r i l , 1 89 3 .
L ia b ilities,
Capital S to c k ................................................................................... $ 1 2 ,0 0 0 ,0 0 0 0 0
R est............................................................................$ 6 ,0 0 0 ,0 0 0 00
Balance of Profits carried forward..............
691 ,4 2 5 53
G

en eral

$ 6 ,6 9 1 ,4 2 5 53
Unclaimed Dividends.........................................
4 ,6 7 5 69
Half-yearly Dividend, payable 1st June,
1 8 9 3 ........................................................................
6 0 0 ,0 0 0 00
—------ --------------

3 7 7 .0 0 0
3 9 3 .0 0 0
4 1 1 .0 0 0
1 4 6 ,2 7 4
58 6 ,8 1 1

New York & New Jersey B ridge.—A t the meeting of
stockholders the following new board of directors was elected:
John B. Kerr, Jouis Windmuller, James T. Woodward, Fred­
erick Potter, William H. Ely, W. F. Dunning, JohB H.
Wissner, of New York City: John Loughran, Chas. H. Swan,
of Brooklyn ; N. Lockwood, Buffalo, N, Y .; Willard H, Mase,
Matteawan, N, Y .; John C. Adams, Newburg, N, Y,

7 ,2 9 6 ,1 0 1 22

$ 1 9 ,2 9 6 ,1 0 1 22
Notes of the Bank in circulation...................$ 5 ,1 2 5 ,3 7 7 00
Deposits not hearing in te re st........................ 7 ,5 5 6 ,4 0 2 23
Doposits bearing interest................................. 1 9 ,5 4 2 ,4 2 4 87
Balances due to other Banks in Canada___
173 18
------------------------ 3 2 ,9 2 4 ,3 7 7 28
$ 5 1 ,5 2 0 ,4 7 8 5 0

1,000

Totals—

June 3 ,1 8 9 3 ...7 0 ,3 6 8 ,0 0 0 8 ,1 8 3 ,0 0 0
M ay 27, 1 8 9 3 ...7 0 ,1 5 7 ,0 0 0 5,6 2 8 ,0 0 0
June 4 ,1 8 9 2 ...2 7 ,9 1 0 ,0 0 0 4 ,4 7 8 ,0 0 0
June 6 ,1 8 9 1 ...1 6 ,4 7 7 ,4 0 5 5 ,6 0 6 ,8 3 7
June 7, 1 8 9 0 ...2 4 .7 9 1 .1 3 7 14.214.009

The annual meeting of the Shareholders of the Bank of Montreal w as
held yesterday, at 1 o’clock, in the Bank building. Am ong those pres­
ent w ere: Sir Donald A . Smith, Hon. G. A . Drummond, Hugh M cLen­
nan, Jas. Burnett, G. F. C. Smith, IV. II. Meredith, J. M. McCarthy, Jas.
Shearer, John Crawford, Jas. O’Brien, Arthur Earle, Deputy Chairman
Bank oftdverpool; Captain Benyon, John Morrison, A . II. Lunn, R . B.
Angus, Hector Mackenzie, Jam es Tasker, B . A . Boa3, E. B . Greenshields, Sir Joseph Hickson, W . C. Macdonald, IV. J. Buchanan, H o n .
D. A . Macdonald,JH. R. Drummond, M. Burke, K. G. Starke, R . W .
Shepherd Jr., H. G.’ Strathy, 4V. R. Miller, Peter Bell, J. McCarthy, D r.
McCarthy, H. Joseph, J. L . Marler, Peter Mackenzie, W illiam M ac­
kenzie, John Hague, J.J.B. M «Loa, A . Maonider, E. 8 . Clouston,
General Manager.
On the motion of Mr. John Crawford, Sir Donald Smith, President of
the Bank, was voted to the chair; and on the motion of Mr. G. F. C.
Smith, seconded Iby Capt. Benyon, Messrs. James Burnett and W. J .
Buchanan were appointed to act as scrutineers and Mr. A . Macnlder,
Chief Inspector of the hank, was requested to act as Secretary.

D

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, June 3, 1893:
W h e a t,
b u sh .

M ONTREAL,

PROCEEDINGS A t T t HE ANNUAL MEETING OF
^ SHAREHOLDERS HELD JUNE 5th , 1893.
-i
-------' (From the Montreal Gazette of June 6tb, 1893.)

R ye.

B b l s . i m b s Bush.QO lbs Bush.bti lbs BusK.3'2 lbs B u sh A S lbs B u . 56 lb*
C h ic a g o ..........

93 L

A ssets.

Gold and Silver Coin Current......................... $ 2 ,2 0 2 ,6 7 1 59
Government Demand N otes............................ 2 ,7 4 7 ,3 3 1 0 0
Deposit with Dominion Government re­
quired by A ct of Parliament for security
of general bank note circulation...............
2 6 0 ,0 0 0 00
Due by Agencies of this Bank
and other Banks in Foreign
Countries................................ $ 8 ,9 0 5 ,6 3 3 78
Due by Agencies of this Bank
and other Banks in Great
Britain..................................... 2 ,1 1 8 ,2 4 4 65
----------------------- 11,023,833 43
Government Bonds, India Stock, t o . . ........ 1 ,8 3 4 ,0 0 0 00
Notes and Cheques of other Banks.....................
9 3 5 ,7 8 0 99
--------------------- $ 1 9 ,0 0 3 ,6 6 7 00
Bank Premises at Montreal andBranches.
6 0 0 ,0 0 0 00
Current Loans and Discounts (rebate inter­
est reserved) and other Securities and
A ssets...........................................................................3 1 ,7 6 2 ,7 8 6 58
Debts secured by mortgage or otherwise..
4 5 ,2 0 6 51
Overdue debts not specially secured (loss
provided f o r ) ............................................................
1 08,818 41
------------------------ 3 1 ,9 1 6 ,8 1 1 5 0

$ 5 1 ,5 2 0 ,4 7 8 5 0
S. CLOUSTO

E.
B

an k

M

op

M

on treal

o n treal

,

,

3 0 th April, 1 8 9 3 .

>

5

.

__

962

THE CHRONICLE.

T H E P R E S ID E N T ’S A D D R E S S .
T he P resid en t th en s p o k e as fo l l o w s : G e n tle m e n —In m o v in g the
ad op tion o f the rep ort, w h ich y o u w ill o b se r v e is a v e r y s h o rt one, m y
ta sk is easy. Y ou w ill see b y th e r e p o rt th a t th e p rofits fo r th e y e a r
a fte r d ed u ctin g ch arges o f m an a g em en t a n d m a k in g fu ll p ro v is io n fo r
b a d and d ou b tfu l d eb ts are $ 1 ,3 2 5 ,8 1 0 20, a n d a d d in g to that the
a m ou nt b ro u g h t o v e r from la st yea r, $ 5 6 5 ,6 1 5 3 3, m akes a ltog eth e r
$1 891 425. T h e d ivid en d s p a id a m ou n t to $ 1 ,2 0 0 ,0 0 0 , le a v in g as an
ad d ition a l a m ou n t to be b rou g h t fo rw a r d th is yea r, $ 1 2 5 ,8 0 0 2 0, m ak­
in g alto g e th er $ 6 9 1 ,4 2 5 53 a t cr e d it o f p ro fit an d loss, in a d d ition t o
th e re st o f $ 6 ,0 0 0 ,0 0 0 , o r 5 0 p e r ce n t o f the a ctu a l ca p ita l o f tn e Bank.
W e b e lie v e th a t in p u ttin g this sta tem en t b e fo r e y o u p r o v is io n has
b e e n m ad e fo r e v ery th in g in th e shape o f b ad d eb ts. A\ e b eliev e that
it is an a ctu a l statem en t o f th e con d ition o f y o u r affairs, an d th a t y o u
ca n co u n t on h a v in g w h a t is hero sh ow n fo r the g o o d o f th e Share­
h old ers, and lo o k in g t o all th e circu m sta n ces , w e con sid er that the
statem en t is a v e r y s a tisfa cto ry one. T he busin ess o f th e p a st yea r
w a s, e sp e cia lly in O n ta rio and Q u ebec, sa tisfa ctory . T h ere lias b een a
v e ry la rge in crea se in m a n u fa ctu res, e s p e cia lly in th e c o tto n a n d w o o l
b usin ess. D ry good s, w h ich ha d n o t b een v e r y s a tisfa cto ry fo r a yea r
o r tw o , has sh ow n great im p ro v e m e n t w ith in th e la st tw e lv e m onths,
an d it is b elie v e d th is w ill con tin u e. Som e o f ou r frien d s h ere w ill
k n o w th a t th e B o o t an d S hoe business, on e o f th e im p orta n t in ­
d ustries o f the cou n trv , w a s m ost u n sa tis fa cto ry a t on e tim e, b u t we
a re h a p p y to say that in it also there is a v e r y g rea t im p rovem en t.
L um ber d u rin g th e la s t y e a r w a s m u ch b etter than fo r s om e years p re ­
v io u s ly , an d it is e x p e c te d th a t the im p rov em en t w ill con tin u e. W heat
w a s d isa p p oin tin g , as th e q u a n tity w a s n o t e q u a l to th e p rom ises o f
th e e a rly p a r t o f th e season. The q u a lity w a s e x c e lle n t ; n o th in g cou ld
h a v e b e e n b etter, b u t u n h a p p ily the p rice w a s e x cep tion a U y lo w , a n d
th a t, o f cou rse, to ld a ga in st th e farm ers. S till w ith a ll th a t w e b elie v e
th a t as a w h o le th ey are in a v e ry in d ep en d en t p o sitio n , an d that th e y
ca n lo o k u p on th em selves as b e in g a t least as w e ll o ff as th e fa rm ers o f
a n y o th e r co u n try o f w h ich w e h a v e a n y kn ow ledg e. H a y has b e co m e
a fa c t o r in the e x p orts , and it w ou ld , p erh a p s, he w e ll th a t the fa rm ers
o f th e co u n try should g iv e even m ore a tten tion t o th is th a n th ey h a v e
d o n e in th e past. W e Know th a t ch eese and ca ttle h a v e b een a s ou rce
o f v e r v g rea t p rofit to the a gricu ltu ra lists, d istrib u tin g som eth in g lik e
$ 2 0 ,0 0 0 ,0 0 0 a m on g them la s t yea r. W hile in O n ta rio a n d Q u ebec, also
in B ritish C olum bia, and in a g rea t m easure in th e L o w e r P rov in ce s,
ev e ry th in g has been su ccessfu l, as I h a v e said, it w a s n o t so to the
sam e e x te n t in M an itob a and the N orth w est. T h ere th ey h a d a g reat
shrinkage in the q u a n tity o f grain , o w in g t o th e e x c e p tio n a lly d ry
w ea th er ju s t a sh ort tim e b e fo re th e rip e n in g o f th e cr o p , so th a t the
v o lu m e fo r e x p o r t w as m u ch sm a ller than w a s e x p e c te d , and w h en to
th is is a dded th a t th e p rice th ey re c e iv e d fo r th e g r a in w a s fro m 20 to
2 5 p e r ce n t, o r even m ore, less than in th e p re ce d in g y e a r, w e a t on ce
see th a t it p u t th e p e o p le there a t a v e r y g rea t d isa d va n ta ge. W e are
glad , h o w ev er, to k n o w th a t a t p res en t th e p r o s p e cts th ere are
e x c e lle n t.
O u r frien d , Mi*. A n gu s, has ju s t retu rn ed from
th e N orth w est, an d h e te lls us he h a s n e v e r seen a b etter o u t­
lo o k fo r a g o o d an d ea rly h a rv est than is to b e fo u n d there
a t this tim e.
The sp rin g w a s som ew h a t la te, b u t a t p resen t
the cro p s a re m ore fo rw a r d th a n th ey h a ve b e e n fo r som e y ea rs back,
an d w ith o rd in a rily fa v o ra b le w ea th er fr o m n o w on w a rd s we m ay
lo o k u p o n it th a t w e sh a ll h a v e a v e r y g o o d s h o w in g fr o m th e N orth­
w est. Im m ig ra tion fo r the p resen t y e a r is so fa r a t lea st eq u a l to that
o f th e p a st, an d w e are h a v in g a v e ry e x c e lle n t class o f p e o p le com in g
in to ou r com m u n ity . In sp ea k in g o f this w e should ju s t allu d e to the
fa c t th a t perhap s due ca re h a s n o t b een ta k en in s om e p a s t yea rs o f
se n d in g in to th e co u n try assisted em igra n ts o f th e v e r y b est class.
A m o n g s t the C rofters there h a ve ce rta in ly b een sen t s om e w c m ig h t
ju s t as w ell h a v e b een w ith ou t, b u t that is n o w k n o w n on th e oth er
side, an d w e m ay feel assured th a t v e r y m u ch great* r a tten tion w ill be
g iv e n to th e su b ject in th e future. B u t ev e n th e C rofters are m uch
b e tte r o ff than th ey w e r e in their o w n cou n try . W h a t is rea lly re­
qu ired in assisted im m igration is n o t th a t cla ss w h o a re useless on the
o th e r side, b u t th ose w h o a rc w illin g t o w ork , a n d so b e co m e go o d
settlers here. These a re th e p eop le w h o sh ou ld b e en cou ra g ed to com e
t o Canada. W e h a v e en d ea v ored to s h o w w h a t w a s th e busin ess o f the
la s t yea r, an d w h at w e m a y e x p e c t d u rin g th e cu rre n t y e a r in the
m atter o f crop s. U n fortu n ately w e find th a t o n e o f o u r ra ilw a y s in
th e N orth w est is o r w ill b e ob lig ed to d efa u lt in its interest; a fa c t v ery
greatly t o be regretted. T hat ro a d has d on e a v e r y g r e a t d eal fo r the
co u n try in o p en in g u p the n orth ern p a rt o f M a n itob a, y e t p erhap s it
w e n t som ew h a t fa ste r th a n th e c o u n try req u ired ; a n d w h ile w e are
so rry th a t a n y should suffer in con seq u en ce o f it, a t th e sam e tim e it
w ill he a w a rn in g p erhap s t o others n o t to a ttem p t to push fo rw a rd
e x c e p t as th e req u irem en ts o f th e cou n try dem and. (H ear, hear.)
W e should con sid er v e r y w e ll in e v e r y ca se b e fo r e w e g o to E urope
t o ask f o r m on ey that a n y th in g w h ich is u n fortu n a te in its results
a lw a y s affects ev en thatw Th ic h ,if a ssisted fro m th e o th e r side, w ou ld be
o f the gre a test b en efit t o us here. Y ou a ll k n o w th a t th ere has b een in
an oth er p a rt o f th e w orld a v e r y u n fo rtu n a te sta te o f affairs in resp e ct
to busin ess, an d that a g rea t m a n y b a n k s c o n n e cte d w ith A u stra lia
h a v e b een ob lig e d to suspen d. T h ere h a v e b een n o fe w e r than fo u r­
teen o f them , h a vin g a d e p o sit o f s om e £ 9 0 ,0 0 0 ,0 0 0 , o r $450 ,0 0 0 ,0 00 .
S uch co u ld n ot p oss ib ly o cc u r w ith o u t ca u sin g g r e a t d istu rb a n ce in the
m o n e y mark* t. H a p p ily , h o w ev er, th a t is d isa p p ea rin g n o w and, w ith
the v e ry g rea t resou rces o f A u stra lia , n o d o u b t in a fe w y ea rs it w ill
h a v e re c o v e re d all it has lo st b y re c e n t even ts. W hile sp ea k in g o f this,
i t is a sa tisfa ction to us to k n o w th a t w e a re to b o c o n n e cte d m ore
clo s e ly w ith the tra d e o f A u stra lia th a n w e h a v e b een heretofore. A s
y o u w ill h a v e heard, w ith in a v e ry sh ort tim e th ere is g o in g to b e a line
o f steam ers, th e first o f w h ich w ill a rriv e a t V a n co u v e r w ith in the
p re s e n t m on th , and I h a v e no d ou b t th a t a tra d e w ill g r o w up b etw een
o u r o w n cou n try and A u stralia w h ich w ill be m u tu a lly a dvantageous.
T he g reat b en efit w o h a ve d e riv e d a lrea d y from th e d ir e c t trad e w ith
J a p a n and C hina is w ell k n ow n , and fro m o u r clo s e r in tercou rse fo r
busin ess w ith the great isla n d con tin en t o f A u stra lia w e m a y ind eed
lo o k fo r a v e r y g reat d ea l in th e d ev elop m en t o f fo r e ig n com m erce.
N o w , co m in g f o r a m om en t to ou r ow n city o f M on treal, w e m ay tak e a
re tro s p e ctiv e v iew . In 1 84 4 there was som eth in g o v e r 4 4 ,0 0 0 in­
h a b ita n ts h e r e ; in 1871 w e had 107 ,00 0 a n d an assessed va lu e o f
$ 5 0 ,5 9 9 ,0 0 0 , th e rev en u e b e in g $ 80 5 ,0 0 0 . T o d a y the p o p u la tio n o f
th e city p ro p e r m a y b e p u t d ow n a t 225 ,00 0 .
I f w e cou n t
in th e suburbs, the p op u la tion w ill fa ll n o t fa r sh ort o f 300 ,00 0
The assessed v a lu e o f th e city p ro p e r is $ 1 3 6 ,0 0 0 ,0 0 0 , o r th erea b ou ts’,
w ith a re v en u e o f $ 2,5 05 ,0 0 0 . T hat sh ow s vei*y g r e a t a d v a n ce indeed
fo r the city o f M on treal. L e t us look n o w a t t l i e B a n k o f M on treal
itself. We find that in th e y e a r 1 81 7 it had a p a id -u p ca p ita l o f $350.000 , in 1871 it ha d $ 6 ,0 0 0 ,0 0 0 , w ith a rest o f $ 3 ,0 0 0 ,0 0 0 , a n d in 1893
th e p aid-u p ca p ita l is $ 1 2 ,0 0 0 ,0 0 0 , w ith a rest o f $ 6,0 00 ,0 0 0 . W e beIIeve th a t a t no tim e d u rin g th e la st s ev en ty -fiv e y ea rs w a s th e B an k
or M ontreal in a b etter p o s itio n m e v e r y w a y fo r the p u rp oses fo r
w h ich it is intend ed , th a t o f g iv in g the b est d iv id en d p oss ib le to the
shareholders, w hile p rop erly s a fe g u a rd in g th eir ca p ita l, a n d p rom otin g the d e v elop m en t o f the m ateria l interests o f C anada than it is at
this tune. \\it inn th e last few m on th s this b a n k lias, as y o u a re a w a re
t *?1-1 &PP‘ ,n ,tyd Hie financial a gen t o f th e D o m in io n G ov ern m en t, a n d
I think it w ill in- adm itted on all hands to be a fitting th in g that til
should b e th e a gen ts o f the G ov ern m en t o f Canada. (H ear, hear*!)
A t th e sam e tim e, T th in k we m ay fe e l ju s t pride, in that w e h a v e an
in stitu tion in C an a d a w h ich is fu lly ca p a b le o f fillin g such a n im p o»ta n t p o sition , and ot this th e G ov ern m en t in fo rm e d its e lf b e fo re
m a k in g the a p p oin tm en t. It is the d esire a n d it is th e aim o f you r
d irectors t li a i ^ i L oud on the b a n k sin uld b e a p la ce w h ere sh a reh old ers
an d C anadians gen era lly w ou ld n a tu ra lly g o, assu red th ey w ill h a v e a
S 2 ^ Btoa l ,.lTmr - ' V e.,,a v e m E ngla n d a t the p re s e n t m om en t in
ch a rg e o f the bank a genth m an w* II tried in this c o u n tr v , Mr. I aii"*
m w h om w e have cause
h a v e ev*-ry co n fid e n ce W e trust that ail

[VOL. LVI,

th e sh a reh old ers, as w e ll as th e frie n d s o f th e b an k, w h e n th e y
g o to th e o th e r side, w ill fe e l th a t in m o n e y m atters w it h re s p e ct
to w h ic h w e ca n e x te n d a ssista n ce o r a d v ice , th e y w ill a lw a y s
b e cord ia U y r e c e iv e d a t th e B a n k o f M o n tre a l in L o n d o n .
I
m a y h a v e said t o o m u ch a lrea d y , b u t I w ill ju s t a d d tn a t
w h ile m in e w a s an ea sy ta sk to -d a y , s e e in g th a t th e state­
m en t is so s a tis fa cto ry , it is a lso a v e r y p le a s in g d u ty to m y co d ire ct­
o rs and m y s e if to p re s e n t such a re p o rt. I m a y he p e rm itte d to s a y
th a t p e rs o n a lly I h a v e b e e n co n n e c te d w ith th e B o a r d o f D ire c to r s f o r
m o re th a n tw e n ty -o n e y e a rs, an d w h ile I ta k e n o p e rs o n a l m e rit f o r
a n y th in g w ith in th a t tim e, I th in k it is v e r y e v id e n t th a t th e busin ess
o f th e b a n k h a s b e e n w e ll a tte n d e d to b y th o se w h o m y o u h a v e em ­
p o w e r e d as y o u r T ru stees n o t o n ly d u rin g th a t t im e b u t t h ro u g h o u t all
th e y e a rs fr o m th e co m m e n ce m e n t o f th e b a n k ; a n d I h a v e n o d o u b t
th a t in m a k in g y o u r s e le c tio n fro m tim e to tim e y o u w ill a p p o in t th o se
w h o w ill co n tin u e t o ta k e an e q u a lly g r e a t in te re s t in th e affairs o f th e
in stitu tio n , a n d th a t a t th e e n d o f a n oth er tw e n ty -fiv e ye a rs, o r a n oth er
se v e n ty -fiv e y e a rs, th e y w ill b e a b le to g iv e a s ta te m e n t q u ite as satis­
fa c t o r y as th a t to -d a y . (A p p la u se .) I h a v e n o w t o m o v e , s e co n d e d b y
the H o n . M r. D ru m m o n d , th a t th e r e p o rt o f th e D ire c to r s n o w re a d b e
a d o p te d a n d p rin te d f o r d istrib u tio n a m o n g s t th e sh a reh old ers.
T he m o tio n h a v in g been fo r m a lly s e co n d e d b y S en a tor D rum m on d>
th e G e n e ra l M a n a ger su b m itte d th e fo llo w in g statem en t:
T H E G E N E R A L M A N A G E R ’S REM AR K S.
Mr. E . S. C lou ston sa id : I h a d in te n d e d t o r e s tr ic t m y re m a rk s th is
y e a r e n tir e ly to a f e w e x p la n a t o r y co m m e n ts o n th e B a la n ce S heet
su b m itte d to y o u to -d a y , a n d I w ill o n ly d e p a rt fr o m th a t in te n tio n t o
the e x te n t o f p o in t in g o u t b riefly th e ch a r a c te r is tic s o f th e p e r io d
w h ich has e la p s e d s in ce I la st h a d th e p le a s u re o f m e e tin g y o u . I t has
b een a y e a r o f fin a n cia l d istu rb a n ce , a n d n o t w ith o u t a n x ie ty t o th o se
e n tru ste d w ith th e m a n a g e m e n t o f b a n k in g in stitu tio n s. W e co m ­
m e n ce d w ith a p e rio d o f fin a n cia l p le th o ra , t o b e s u cce e d e d b y a strin ­
g e n cy o f e x c e p tio n a l a cu te n e ss. W e h a v e h a d a b a n k in g crisis in
A u s tra lia o f u n e x a m p le d s e v e rity , a m o n e y p a n ic in L o n d o n a n d a v e r y
u n s a tis fa cto ry co n d itio n o f aftairs in th e U n ited S ta tes, a risin g ch ie fly
fro m th e v e x e d s ilv e r q u estion . T h e w o r s t a p p e a rs t o b e n o w o v e r ,
b u t u n til th e silv e r a n d c u rre n c y q u e stio n s in t h e U n ite d S ta tes a re
settled w e ca n h a rd ly h o p e f o r a th o ro u g h re tu r n o f co n fid e n ce e ith e r
there o r in L o n d o n . T h a t th is w ill b e s e ttle d , a n d th a t s a tis fa c to r ily ,
I h a v e n o d o u b t, as m a tte rs h a v e a rriv e d a t a s ta g e w h e re th e g r e a t
co m m o n sen se o f th e A m e r ic a n p e o p le w ill a ss e rt its e lf, a n d th e v ie w s
o f th e th e o ris ts an d d e m a g o g u e s w ill b e r e le g a te d t o th e b a c k -g r o u n d
f o r a p e rio d a t a n y rate.
a In M on trea l, a lso , w e h a v e v e r g e d o n tro u b le s in th e s to c k m a rk er,
b u t these ca m e a t a p e rio d w h e n a little ju d ic io u s le n ie n cy a n d a ss ist­
a n ce on th e p a rt o f fin a n cia l in s titu tio n s a lla y e d a p p re h e n s io n a n d
tided the crisis o v e r w ith o u t d ifficulty.
In th e m id st o f a ll th is u n re st an d fin a n cia l e x c ite m e n t it w a s a
sou rce o f r e lie f a n d a ssu ra n ce t o th ose h a v in g ch a r g e o f fin a n cia l m at­
te rs in C an ada to fe e l th a t th e c o m m e rcia l b u sin e ss o f C an ad a w a s in
a sou n d co n d itio n a n d th a t tra d e o n th e w h o le had b e e n fa ir ly satis­
fa c to r y d u rin g th e p a s t y e a r. P ro fits h a v e b e e n re d u ce d b y c o m p e t i­
tion iii so m e ca se s, b u t on th e o th e r ha n d th ere h a v e b e e n f e w e r b a d
deb ts, th e r e c o r d o f fa ilu re s s h o w in g a b o a t $ 1 2 ,0 0 0 ,0 0 0 a g a in st $ 1 6 ,
0 0 0 ,0 0 0 fo r th e p r e v io u s y e a r.
T H E G R A IN T R A D E
has n ot b e e n q u ite so s a tis fa cto ry , o w in g t o lo w p rice s , b u t th ere h a s
been a d e cid e d im p ro v e m e n t in lu m b e r, and th e p r o s p e c ts a head a re
g o o d . T here is no g r e a t s p e c u la tiv e iDilation. W hat in fla tio n th e re w a s
in the S to ck M arket h a s a lre a d y la r g e ly co r r e c t e d it> e lf, a n d if th e b a n k s
w ill o n ly a c t w ith ca u tio n a n d circ u m sp e ctio n , n e ith e r e n c o u r a g in g
s p e cu la tiv e v e n tu re s n o r re fu sin g ju d ic io u s a ssista n ce , th ere is n o
reason w h y th e c o m in g y e a r s h o u ld n o t lie a s a tis fa cto ry o n e f o r C an­
ada. rt m u st b e a y e a r o f ca u tio n , h o w e v e r , as th e c o n d itio n o f affairs
in th e U n ite d S ta tes is n o t re a s su rin g a n d w o m a y b e m o re o r less
a ffected b y i t o w in g to o u r co m m e rcia l re la tio n s w ith th a t co im tr y . I t
sh ou ld also b e a p e r io d o f e c o n o m y , a n d th a t a p p lie s to g o v e rn m e n ts ,
cities and m u n icip a litie s as w e ll as th e co m m e rcia l co m m u n ity : f o r w e
h a v e b e e n s p e n d in g to o m u ch m o n e y ; t o o m a n y su b sid ies to ra ilw a y s ,
to o m a n y e x p e n s iv e w o r k s a n d t o o m u ch g o o d m o n e y w a ste d . T h o se
h a v in g ch a rge o f th e p u rse strin gs w ill d o w e ll t o d ra w them tig h tly
d u rin g th e c o m in g yea r.
R E F E R R IN G TO T H E S T A T E M E N T
b e fo re y o u , th e re is n o th in g th a t ca lls f o r s p e c ia l m e n tio n , as th e re
h a v e b e e n n o g re a t ch an ges. T h e p ro fits f o r th e first h a lf o f th e y e a r
w e re lo w , as o u r b a la n ce s in L o n d o n and N e w Y o r k y ie ld e d a p o o r re ­
turn . D u rin g th e w in te r, h o w e v e r, r a te s im p r o v e d , a n d w e w e r e a b le
to s h o w resu lts fo r th e y e a r o f a b o u t 11 p er cen t. T h e o v e r d u e d e b ts
h a v e b een re d u c e d b y re a liza tio n s a n d a d d itio n a l a p p ro p ria tio n s , a n d
u o w sta n d at $ 1 5 4 ,0 0 0 —n o t a v e r y ld r ^ e su m c o n sid e rin g t h e size o f
o u r business. I b e lie v e th a t w e h a v e fu lly a p p ro p ria te d f o r e v e r y th in g
b a d a n d d o u b tfu l, an d th e sh a reh old ers m a y re st a ssu red th a t w e h a v e
ra th er un d er-estim a ted th a n o v e r-e stim a te d o u r assets. I th in k it w ill
b e fo u n d that w e h a v e co m e th ro u g h th e tr y in g tim es o f th e p a s t y e a r
w ith a d d ed p re s tig e an d cr e d it to th e in s titu tio n e v e r y w h e re , a n d w h ile
k eep in g o u rse lv e s in a sou n d co n d itio n w e h a v e b e e n a b le to m e e t th e
le g itim a te d em an d s o f o u r cu sto m e rs a n d e x te n d a id o n im p o r ta n t
o cca s io n s.
I t is n o t n e ce ssa ry t o s a y a n y th in g a b o u t th e stren gth o f o u r fin a n cia l
p o sitio n . T h e sta te m e n t sp e a k s f o r its e lf.
O u r la rge ca p ita l, w h ile a p r o te c tio n to th e n o te -h o ld e r a n d d e p o sito r,
ca lls fo r th e c o n s ta n t e m p lo y m e n t o f la rge sum s to cr e a te p ro fits, a n d ,
as d e p o sits in this c o u n try a re lim ite d , w e a t o n e tim e th o u g h t o f en­
co u ra g in g th em fro m E n g la n d a n d S co tla n d , b u t o n e n q u iry w e fo u n d
th a t th o u g h th e re w o u ld h a v e been n o d ifficu lty in o b ta in in g th em in
co n sid e ra b le a m ou n ts, th e A u stra lia n b a n k s w e re w illin g to p a y a
hig h er ra te o f in te re s t th a n I f e lt c o u ld b e m ad e p ro fita b le h ere, so w e
a b a n d o n e d th e id e a , and I am g la d n o w th a t w e d id so. In fa c t, th ou g h
o u r la rge ca p ita l a o d sm all d e p o sits te ll s e rio u sly a g a in s t o u r d iv id e n d
ea rn in g p o w e r , still th e v e r y sm a lln ess o f the la tte r is a g re a t e le m e n t
o f s e cu rity in a crisis lik e t h a t w h ic h o v e r to o k A u stra lia . S uch a c r is is ,
I a m h a p p y t o say , is n e v e r lik e ly to vis it th is co u n try , as o u r b a n k in g
system a n d p ra ctice a re ra d ica lly d ifferent.
I t is m y ea rn est d esire t o k e e p th e shares o f t h e b a n k e n tire ly o u t o f
th e re a lm o f s p e c u la tio n an d p la c e them in th e sam e c a t e g o r y as G o v
e m in e n t .securities, w h e re th e s h a reh old ers m a y b e a ssu red o f u n
d o u b te d s a fe t y a n d e n jo y a fixed D iv id e n d . W ith t h a t o b je c t in v ie w
y o u w ill u n d e rsta n d th a t it is m y a im m o re to m a in ta in a n d in cre a se
th e h igh sta n d in g o f the ban k ra th e r th a n a tte m p t to fo r c e la r g e
profits.
T H E D ISCU SSIO N .
Mr. J o h n M orrison th o u g h t th a t a d e ta ile d sta te m e n t o f th e d isb u rse
m erits and losses sh o u ld b e su b m itte d to th e S hareholders a t th e c l o - e
o f e a ch yea r.
Mr. J o h n C ra w fo rd th o u g h t th a t, in v ie w o f th e u n p re ce d e n te d
ca la m ity w h ic h h a d s w e p t o v e r A u stra lia , b oth th e D ire c to r s an d th e
S h a reh old ers o f the B a n k o f M o n tre a l m ig h t w e ll jo in h a n d s in m u tu a l
co n g ra tu la tio n a t th e re su lt o f th e y e a r ’ s o p e ra tio n s. I t w as a p le a s in g
fe a tu re t o see th a t th e y w ere c o n tin u a lly a d d iu g t o th e ir p rofit an d lo ss
a cco u n t, w h ic h n o w s to o d at $ 7 0 0 ,0 0 0 ; b u t he w a s o f o p in io n th a t th e y
should n o t s to p a d d in g t o it u n til it h a d re a ch e d a t le a st $ 1 ,0 0 0 ,0 0 0
T he D ire c to r s ha d sh o w n a n o m in o u s s ile n ce re g a r d in g bon u ses
W as it to b e in fe rr e d fr o m th a t th a t th e term w a s p r a c tic a lly
o b s o le t e ? F ro m w h a t lie lea rn ed fro m o u tsid e rs it a p p e a re d t o h im
th a t there w a s a s p e c u la tiv e m an ia a b ro a d , a n d e v e n m th a t co m m u ­
n ity. It s h o u ld b e v ig o ro u s ly rep ressed. H e spok e o f t h e «x p e n se s o f
the b a n k b e in g g re a te r in p ro p o rtio n than those o f o t h e r b a n k s, and

J cnk 10, 1893. J

THE CHRONICLE

w e n t o n t o u rg e th e p u b lica tio n o f the g r o ss losses. IIo also fa v o re d
th e p a y in g o f d iv id en d s q u a rterly , an d sa id th a t the a d op tion o f su ch a
p o lic y w ou ld ele v a te th e B a n k o f M on treal to th e h ig h est p in n a cle o f
p o p u la rity .
T he P resid en t—T w ou ld ju s t say to Mr. C ra w ford th a t in th e m atter
o f b o n u ses w e shall b e q u ite as g r e a tly d elig h ted as he ca n p o ss ib ly be
t o g iv e a b on u s. 11c k n ow s v e r y w e ll th a t a t the tim e a d ivid en d o f Id
p e r c e n t w a s p a id b y this b a n k , it w a s n o d ifficu lt m atter to g e t 8, 9 or
1 0 p e r ce n t fo r m on ey th rou g h ou t C anada. T o -d a y it is rea lly n o easy
m a tte r to g e t b e y o n d 5 p e r ce n t o n g o o d s e cu rity , w h ile a fe w years
a g o y o u co u ld g e t 7 an d 8 p e r ce n t on rea l e sta te an d o v e n higher. I
th in k th a t w ill b e o n e rea son , as ho w ill see, w h y th e B a n k o f viontreal
as w e ll as oth er ban k s c a n n o t to-d ay m ak e th e sam e re tu r n to share­
h old ers as th ey d i d in form er years. Mr. C ra w fo rd lias giv en a w ord
o f ca u tio n in re s p e ct t o sp ecu la tion . I c a n assure him that the D ire c t­
o rs w o u ld n e v e r fo r o n e m o m e n t len d th em selves to th e support, o f
ra sh s p e c u la tio n o r a n y th in g lik e s to c k ga m b lin g, and I tru st th a t in
the fu tu re, as in the p ast, the B an k o f M on treal w ill d o e v e r y ­
th in g in its p o w e r t o
d isc o u ra g e these.
A s t o ex p e n se s , r
th in k m y frie n d is som ew h a t in e rr o r w h en he spea k s o f
th e
e x p e n se s
o f th e
B ank
of
M on trea l b e in g
re la tiv e ly
la rg e r th a n th o s e o f sm a ller b a n k s. The fa c t is th e y a re sm a ller
th a n th o s e o f oth er b an k s, a n d w h ile th e D ire c to r s k n o w th a t
th e y h a v e a sta ff equal t o e v e r y th in g th a t is req u ired o f th e b an k, m en
o f a b ility an d e x p e r ie n ce , m en in w h om th ey h a ve e v e r y con fid en ce,
t h e y a re a w a re th a t in m a n y in sta n ces the sala ries iu t lie B ank o f M o n ­
t r e a l are n o t e q u a l to th o s e g iv e n b y som e oth er ban ks. B u t th e d iffere n t m e m b ers o f the s ta ff a re th o ro u g h ly lo y a l to th e b a n k , a n d I do
n o t th in k y o u w ill find a m o n g s t th em a n y w h o i f tem p ta tion w ore
o ffe re d them in th e w a y o f sa la ry w o u ld ca re to ch a n g e elsew here.
S till [ w is h to s h o w th a t th e ex p e n se s o f the B a n k o f M on trea l a re re l­
a tiv e ly less th a n those o f m o st o f th e ban ks. A s to th e p u b lica tio n o f
g ro ss lo sses spoken o f b y M r. C ra w ford , th o m a tter has been referred
t o b efore, and it w ill b e fo r th e co n sid e ra tio n o f th ose D irectors w h o
m a y b e a p p o in te d b y y o u to -d a y , w h o m a y b e r e lie d u p o n t o d o what
th e y b e lie v e w ill be m o st to the a d v a n ta g e o f th ose w h ose trustees
t h e y are. C o n ce rn in g a q u a rterly d iv id e n d it w ou ld b e a v e r y n ice
t h i n " in d e e d i f w e co u ld h a v e a d iv id e n d q u a rte rly in stea d o f halfy e a rly . I t w ou ld en ta il som e m ore w ork, uo d ou b t, b u t tli**> first o b je c t
o f tho D irectors o f th e B a n k o f M on trea l has b een to b rin g th e d iv id e n d
t o th a t p o in t a t w h ich it shall a p p ro a ch as n e a rly as p o s s ib le in ch a r­
a cte r to a d e b e n tu re o r b o n d in p o in t o f r e g u la rity o f in terest, th a t is,
a ste a d y y e a r ly d iv id e n d o f ten p e r cen t. H a v in g , as w e b eliev e, n o w
a rriv e d a t th is p o in t, it m a y b e w e ll fo r a fu tu re B oa rd to co n s id e r the
s u b je ct o f q u a rte rly d ivid en d s. I am su re th a t w e a re gla d to listen to
a n y su g g estion s fro m m y frien d Mr. C ra w fo rd o r a n y oth er sh a re­
h o ld e r w h o tak es as d eep an in terest in th e affairs a n d g r o w th o f tho
b a n k as h e does.
T h e H on . D . A . M a cd on a ld con g ra tu la ted the d ire cto rs an d th o m a n a ­
g e r o n the p re ca u tio n s th e y h a d in d ica ted fo r th e co in in g yea r, as ho
b e lie v e d that- th e s ta b ility o f th e co u n t r y w a s n ot su ch as to w a rra n t
b a n k s u n d e rta k in g la rg e s p e c u la tio n s o f a n y k in d . H e h op ed that the
p ro s p e cts o f th e y e a r w h ich ha d been la id b e fo re th e m eetin g w ou ld be
re a lized , b u t t h e y m u st b e a r in m in d that w ith th e la te s o w in g iu
M a n ito b a a n d the e a rly fro s ts w h ich m ight co m e , th ere w a s d a n ger
a h e a d in th a t p r o v in c e . H e had n o d ou b t that th e D ire c to r s d id the
b e s t th ey co u ld , b u t th e S h a reh old ers sh ou ld b e ta k en som ew h a t into
th e co n fid e n ce o f th e b o a rd . I t w o u ld be g r a tify in g to th e S hareholders if
a sta te m en t w ere ren d ered to them s h o w in g th e e x p e n d itu re s o f th e
b a n k an d th e sala ries p a id to all th e em p lo y e s o f th e in stitu tion . H e
w is h e d to k n o w if it w ere tru e th a t th e D irectors h a d u n d erta k e n to
b u ild a r e s id e n ce f o r th e M anager.
T he P resid en t—1 m a y , w ith ou t hesita tion , say th a t it is the in te n tio n
o f th e B oard that a h ou se sh ou ld b e b u ild fo r th e G en eral M inager.
A ft e r s om e fu rth e r rem a rk s b y Mr. M a cd on a ld re g a r d in g th e sala ry
o f th e G en era l M a n a ger and th e e x p e n d itu r e on th e propose*i resid ence,
w h ic h w ere s a tisfa cto rily rep lied to b y the P re s id e n t and Mr. D ru m m on d ,
M r. B u rn e tt said th ere w ere s om e d etails a b o u t the m a n a g e m e n t o f the
b a n k w h ich o n ly the D ire c to r s sh ou ld k n ow , an d sta tem en t o f losse s w as
o n e o f these. T h e S hareholders sh ou ld h a v e co n fid e n ce en ou g h in the
D ir e c to r s t o le a v e to them th e d etails. A s to th e ex p e n se s o f th e ban k,
h e w o u ld th in k le ss o f the D ire c to r s if th e y h a d n o t the b est m en in the
co u n try , and th e b est-p a id m en in th e co u n try . H e d id n o t k n o w w h at
th e sa la ry o f th e G en era l M a n a ger w a s, b u t lie sh ou ld h a v e th e h ig h e st
rem u n era tion o f a u y m an in a sim ila r p o s itio n in C anada. N o co m ­
p a n y o r b a n k e v e r ca m e t o g r ie f b y s e cu rin g th e b est m en a v a ila b le ,
a n d p a y in g them th e b est salaries.
T h e m otion fo r th e a d o p tio n o f the r e p o rt w a s th en ca rrie d un an i• inonsly.
T H A N K S TO D IR E C T O R S A N D O F F IC E R S .
M r. H e c t o r M a ck en zie m o v e d :
T h a t th e th a n k s o f th e m eetin g b e p resen ted to the P resid en t, V ice P re s id e n t an d D ire c to r s fo r th eir -a tten tion to th e in terests o f th e
B ank.
T his w a s s e co n d e d b y M r. J am es T a sk er an d a g re e d t o u n an im ou sly.
T h e P resid en t—F o r m y c o lle a g u e s an d m y s e lf I b e g to say that, in
v ie w o f th e d iscu ssion w e h a v e h a d o n this o cc a s io n , it is o u r ea rn est
d e sire o n all o cc a s io n s t o ta k e o u r sh a reh old ers and con stitu en ts in to
o u r co n fid e n ce m o s t fu lly and iu e v e r y re s p e ct in w h ich w e b e lie v e it
is in th eir o w n in te re s t tliat. w e s h o u ld d o so. T h ere a re m an y things
w h ich sh ou ld n o t g o o u t t o th e g e n e ra l p u b lic w ith iv g a rd to the m an a ge in e n t an d affairs o f a ban k; but y o u h a v e h e r e to fo ie , an d L feel q u ite
sure y o u w ill in th o futue, h a v e th a t c o n fid e n ce in th ose y o u p u t o u t lie
B o a r d o f D ire c to r s th a t y o u w ill fe e l th eir on e ea rn est d esire an d o n ly
a im is to d o th a t w h ich is b est in y o u r o w u in terests, th e y them selves
b e in g sh a reh old ers to a la rg e a m ou n t. W e th a n k y o u v ery m u ch fo r
th e co n fid e n ce y o u h a v e p la c e d iu us, an d I am sure th a t th e d ire cto rs
w h o m a y co m e in to-d a y w ill d o th eir u tm ost t o co n tin u e the p ro sp e ri­
t y o f the* b an k. I th a n k y o u m ost h ea rtily fo r y o u r v o t e <>f thanks.
M r. R. B. A n gu s m o v e d :—T hat th e th a n k s o f th e m eetin g b e g iv e n
t o the G en era l M anager, the In s p e cto r, th e M anagers au d oth er officers
o f the b an k fo r th eir s e rv ice s d u rin g th e p a st yea r.
I n m o v in g th e r e s o lu tio n lie s a id :—I h a v e p ecu lia r p leasu re in m o v ­
in g th is re s o lu tio n o f thanks t o th e e x e c u t iv e officers. It is n o t so lo n g
s in ce I w as o n e o f them
I h a v e th e h o n o r o f k u o w in g m a n y o f them
p e rs o n a lly , a u d am w e ll a w are o f the lo y a lty a n d z e a l with w h ic h they
a re a ctu a te d in th e d isch a rg e o f th eir d u ty. I h a v e also d u rin g the
p a s t y e a r b een an in terested d ire cto r o f th e b a n k and w a tch e d its
p ro g re ss , an d I am fu lly a w a re o f the g r e a t a m ou n t o f th ou g h t, in d u s­
try au d g o o d ju d g m e n t d isp la y ed b y th e le a d in g officers o f the b in k in
th e ir w ork. T h e r e fo re I ask y o u t o jo in m e u n a n im ou sly iu thanking
y o u r e x e c titiv officers fo r the g o o d serv ices th ey h a v e re n d e r e d to the
in s titu tio n d u rin g the p a st yea r.
T h is w a s secon d ed by M r. W. H. M eredith an d u n a n im ou sly e a rn e d ,
th e G en era l M a n a ger b rie fly r e tu r n in g thanks.
M r. J am es O’ B rien m o v e d : T h a tth e b a llo t n o w o p e n fo r th e e le c tio n o f
d ire cto rs be k ep t o p e n u n til th ree o ’ clo ck , un less fifteen m in u tes e la pse
w ith o u t a v o t e b e in g ca st, when it shall b e clo s e d , a u d un til th a t tim e
a n d f o r th a t p u rp o s e o n ly this m e e tin g b e con tin u ed .
T h is w a s secon d ed b Mr. B. A . B oas and ca rried .
On tlie m o tio n o f Mr. J o h n M orrison , a v o t e o f th a n k s w a s te n d e re d
th e C hairm an.
T IIE D IR E C T O R S E L E C T E D .
S u b seq u en tly th e s cru tin eers rep orted that th e fo llo w in g w a s the re ­
s u lt o f th e e le ctio n o f d ire cto rs : S ir D on ald A . Sm ith, K. C. M. G.; H on.
G e o r g e A. DrufriTiiond. Messrs. A. T. P a terson . H u gh M cL en n a n , E. B.
G reen sh ield s, W. C. M cD on a ld , M. C.; Sir J oh n C ald w ell A b b ott, lv. C.
M , G.; R. B. A ngus an l W. H . M eredith.
The President, an d V ice P resident in the o rd in a ry cou rse o f things
w ill be e le cte d a t to -d a y 's B >ard m eeting.

m s

Govern me ut Purchases of Silver.—The following shows
the amount of silver purchased to date iu June by the Gov­
ernment.
Ounces
offered.

Ounces
p u rch a sed .

8 9 0 .0 0 0
“
5 . . . .................................. 1.2 *2.000
“
7 .......................................
9 6 0 .0 0 0
“
9 ....................................... 1,1 4 9,80 0
*L ooal p u rc h a s e s ...................

6 2 0 ,0 0 0
5 5 0 .00 0
3 6 0 .0 0 0
5 9 7 ,8 0 0

T o ta l in m on th to d a te ......... 4 ,2 9 7 ,8 0 0

P ric e paid.
$ 0 -8 3 0 0 ® * 0 -8 3 0 5
* 0 -8 3 0 0 * * 0 8 312
* 0 -8 3 5 5 ® * 0 -8 3 8 0
*0 -8 2 0 8 ® * 0 -8 3 2 0

2 ,1 2 7 ,9 0 0 * 0 - 8 .9 8 ® $ 0 -8 3 6 0

* T h e lo ca l D urchases o f e a ch w eek a re n o t r e p o rte d t ill M on d a y o f
th e fo llo w in g w eek.

United States Sab-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
I
D ate, j tiecexpls.
*
5 ,1 0 0 ,8 1 8
4 ,8 7 7 ,9 * 3
6 ,2 0 9 ,9 0 1
5 ,8 8 5 ,0 0 8
3,862,t.57
2 ,9 7 0 ,6 9 3

$
2 ,1 9 6 ,7 4 0
3 ,2 1 1 ,7 0 0
7 ,1 9 3 ,9 7 4
2 ,8 5 1 ,9 3 0
4 ,8 * 0 ,0 5 6
2 ,4 6 9 ,0 8 0

T o t a l1 2 9 ,2 0 7 ,0 7 0

2 2 ,8 1 3 ,4 8 0

June
“
*'
'•
“
‘-

3
5|
6
7j
8;
9|

B a la n ces

P a y m en ts .

C oin .
58.0*02,198
5 9,1 2 3 ,2 2 1
5 9 ,0 9 5 ,7 3 2
6 2 ,0 3 0 ,5 9 2
6 2 ,9 3 1 ,0 8 7
0 3 ,2 1 7 ,9 6 6

C oin C ert's.
$
1 ,7 2 4 ,7 2 0
1 ,6 1 7,88 l
1 ,6 0 6,42 8
1 ,7 7 4 ,5 5 0
2 7 8 ,4 9 6
3 0 5 ,4 1 3

O u rren cy .
$
21,846,7*45
2 2 ,4 9 8 ,8 4 6
2 1 ,5 5 3 ,7 2 4
2 1,4 83 ,8 2 1
2 1,0 01 ,9 8 1
2 1 ,2 3 9 ,7 9 3

City Railroad Securities—Brokers’ Quotations,
A tlantic A v .,B ’ k lyn .S t’ k.
Gen. M., 5s, 1 9 0 9 ...A & O
B l'okerS t. & F m .F . —Sfck.
ls t m o r t ., 7s., 1900-.J&J
Sr’ dw ay fe 7ta A v. -S t’ k ..
1st m ort., 5a, 1904 .J& D
3d mort., 5a, 1 9 1 4 ...J& J
3 ’ way le t, fie, g u .......’ 24
2nd 5a, int. aa rent., ’ 05.
Brooklyn C ity—N ew Stock
B ’ klyn croa a t’ n fie.. 1908
Bkn.C’y& N 'n 5 8 ,1938-J&J
Central C rosstown—St’ k ..
le t m ort., 6a,1922.M & N
Ctent. Pk.N .& E .R iv .—Stk.
Console. 7a, 1902 ...J & D
Ory D k.E .B .& Bat’ y—Stk.
ls t m o r t .. 78, 1 89 3 ..J& D

N.

100
25
108
182
104
104
1C4
92
235
107
100
150
115
150
116
103

i Dry D ock EL B ’ y & B.—
S c r ip ...................................
i Eighth A v .—Stook.............
1 E ighth A v .—Scrip, 6a, 1914
42a & Gr’ nd St. F ’ ry—Stk.
1st mort., 7e, 1893. A&O
J 42d St. Manh.& S t.N .A ve.
........
1st mort., 6a, 1910.. M&8
2d M,, in co m e ,6 a ....J & J
240 | Honat. W .SL& P .F ’y —Stk.
1st m o rt, 7a, 1 8 9 4 ..J&J
105
Ninth A v e ............................
Se ond A v e .—S to o k ...........
120 | la t mort., 5a, 1909. M&N
Sixth A ve.—S tock ..............
Third A v e .............................
140 | la t M., 5a, 1937.
J& J
T w enty-third S t —S to ck ..
30
111

|
95 100
257 ........
105 110
300 ........
1 0 2 ........
70 72
110 113
60. 64
200 .....
1 0 4 ....... .
127 134
. . .. 1137
100 103
... 210
180 185
1 1 3 ....... .
300 ....... .

and Brooklyn Gas Securities—Brokers’ Quotations,

G A S C O M P A N IE S .

Bid.

180
110
Mutual (N . Y . ) .................. 140
160
100
87
M etropolitan! B rooklyn).. 115

A sk.

G A S C O M P A N IE S .

120

Bia.
130

105
130
105
170
lhfi
Standard p r o f..................... 80
Do
com ..................... 35

143
91
122

A sk
i'08
135
175
84
40

Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction.
By Messrs. R. V. Harnett & Co.:
Shares.
50 C orn E x ch a n g e B a n k ........2 >5
I 5 0 N ation a l P a rk B a n k ......... 3 0 2

S h a res.

797 W o rk m a n .S ta n d . B’ k Co $25
15 E m p ire S tate B a n k ......... 120

B y M e s s r s . A d r i a n H . M u ll e r & S o n :
Shares.
Shares.
4 M echanics* Nat. B a n k ... 1 9 ^
25 T h ird A v e n u e UR. C o ... 181
4 P e o p le ’ s Fire Ins. C o___ 89
1 0 H a n o v e r F ire Ins. Co — 130
5 5 W ashington Trust Co ...1 8 4 h ? 1000 North A la b a m a F u rn a ce *
33 C itizens’ Fire Ins. C o ___105
F ou n d ry & L and C o ___ $8 r it
150 G lens F a lls F ire In s. C o .5 3 o
B on d s.
$ 2 5 ,0 0 0 H o ls ton S alt & P ia s ­
| 10 U nited S ta tes Trust C o ..8 5 0
te
r
Co.
1st
o
s
............. .............. 82
84
M
ech
a
n
ics’
Nat.
B
a
n
k
...
175
,
| 10 T h u rb er-W h yla u d Co. p f . 72**
;

R a n k in g and Jftu a u c ta l
THE MERCANTILE NATIONAL BANK
O F T H E C IT Y OF N E W Y O R K ,
N o. 191 B r o a d w a y .

C a p ita l.

-

$ 1 ,0 0 0 ,0 0 0 j S u r p lu s F u n d ,

-

$ 1 ,0 0 0 ,0 0 0

W ILLIAM P. 8T. JOHN. President. |FREDERICK B. SCHHNOR. Oaahltr,
JAMH8 V LOTT, Assistant Cashier.

A C C O U N T S S O L I C IT E D .

S pencer T

rask

& Co.,

B AR K E R S .

1 0 W a ll S t., N e w Y o r k .

10 C o a s r e a . S t., H o .t o n

A lb a d f.

P r o v id e n c e .

Members o f New Yorli and Boston Stock Exchanges,
IN V E S T M E N T

S E C U R IT IE S .

S a m u e l D. D a v i s & C o .,
BANKERS

AND

DEALERS

IN

IN V E S T M E N T 8E C U R IT L E 8*

NO. 4 4 W I L L S T ., N E W Y O R K .
Sa m

uel

D. D

a v is ,

M em ber N Y. S tock E xch an ge.

C h a s . B . V a n N o » t k a i?o .

THE CHRONICLE.

96T

[Y o u L\ 1.

B a n k e r s ’ s i x t y d a y s s t e r l i n g , 4 8 4 :i i '@ 4 8 5 ; d e m a n d , 4 S 6 ? 4 @
4 8 7; c a b le s , 4 8 7 @ 4 8 7 % .
P o s te d ra tes o f le a d in g b a n k e rs a re a s fo llo w s :
m V fD E N H S ,
J u n e 9.
P a in e o f C om pany.

P er
Cent.

B o sto n & A lb a n y (q u a r.l...............
C h ica go & E ast Ilia. p ref. (quar.)
C lev. Gin. Ohio. & St. L. p f.(q u a r.)
M orris & E ssex (guar ) ..................
N. T . Cent. & H ud. R iv e r (quar.)
N . Y . & H a rlem .................................
R u tla n d ...............................................
M is c e lla n e o u s .
A m e rica n S ugar R efillin g p r e f...
“
•*
com . (quar.)
C hicago Gas (q u a r.)........................
C o m m ercia l ( a ble <quar.).............
G en eral E le c tr ic p r e f .....................
In te rn a tion a l B ell T e le p ...............
M a ry lan d C oal p r e f . . . . .................

2
1%
lb
an2
lb
4
2

W hen
P ayable.
June
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly

30
1
1
1
15
1
1

B o o k s Closed.
(D a y s inclu sive.)
J u n e 11
----------- t
J u n e IS
June 9
J u n e 16
Ju n e 1 6
------------t

J u ly
3 J u n e 13
3 (
June 26 J u n e 26
lb
J u ly
1 J u n e 22
1%
J u ly
1 J u n e 20
3b
5
J u ly
1 Tune 10
J u ly
1 J u n e 18
2b

to J u n e 30
o --------------to J u ly 2
t o June 30
to J u ly 16
t o J u ly 2
o --------------to J u ly

4

toJ u n e2 6
to J u ly 2
t o J u ly z
t o J u ly 1
to J u ly 2

- A t ra te ui 7 p e r c e a t p e r annua), sem i-annu al on p a r t q u a rterly on
x e uainder.

W A L L STR EE T, F R ID A Y , JUNE 9 , 1 8 9 3 - 5 P. M.

The Money Market and Financial Situation—A d i s t i n c t
p o i n t h a s b e e n m a d e t h is w e e k i n t h e d e f i n i t e u t t e r a n c e o f
P r e s i d e n t C le v e l a n d a n n o u n c i n g t h a t a s p e c i a l s e s s io n o f C o n ­
g r e s s w i l l b e c a l l e d b e t w e e n t h e fir s t a n d t h e f i f t e e n t h o f S e p ­
t e m b e r , o r e a r lie r th a n th a t i f n e c e s s a r y .
T h is m o v e t o w a r d s
s o m e p o s i t i v e a c t i o n is h e l p f u l i n f i n a n c i a l c i r c l e s , w h e r e n o t h ­
i n g is m o r e d a m a g i n g t h a n a l o n g c o n t i n u e d u n c e r t a i n t y as
t o m a t t e r s o f s u p r e m e i m p o r t a n c e t o u c h i n g b u s in e s s in t e r e s t s .
T h e s o b e r s e c o n d t h o u g h t o f o u r w h o l e c o u n t r y is g e n e r a l l y
a p r e t t y s o u n d a n d c o n s e r v a t i v e t h o u g h t , a n d i t is o n l y i n t h is
w a y th a t w e c a n e v e r c o n s id e r th e v o x p o p it li v o x d e i. I n th e
p r e s e n t c a s e t h e s i l v e r l a w o f 1890 is w o r k i n g s u c h p a lp a b l e
i n j u r y i n a l l q u a r t e r s — w h e t h e r w e l o o k a t t h e i m m e n s e lo s s
o f g o l d , t h e f a il u r e s a r i s i n g f r o m lo s s o f c o n f i d e n c e a n d d e ­
s tr u c t io n o f c r e d it , o r th e l o w p r ic e s o f w h e a t , c o t t o n a n d
o t h e r d o m e s tic p r o d u c ts — th a t it w o u ld s e e m as i f n o im ­
p a r t ia l , h o n e s t a n d i n t e l l i g e n t m a n c o u l d f a i l t o v o t e f o r its
r e p e a l.
T h e r a ilr o a d g r o s s e a r n in g s a re k e e p in g u p r e m a r k a b ly w e ll,
a s m a y b e s e e n f r o m t h e e x t e n d e d ta b le s p u b lis h e d in th e
C h r o n ic l e th is w e e k , th o u g h w e k n o w v e r y w e ll t h a t ra te s
a r e a t a m i n i m u m a n d n e t e a r n i n g s a r e o n l y m a d e b y s t r ic t
e c o n o m y . T h e W o r l d ’s F a i r b u s in e s s is b e g i n n i n g t o f e l l a n d
f r o m t h e fir s t o f J u n e i t w i l l b e a l a r g e i t e m i n t h e e a r n i n g s o f
C h ic a g o r o a d s , as t h e n u m b e r o f v is ito r s h a s h e r e t o fo r e b e e n
k e p t d o w n b y th e g e n e r a l k n o w le d g e th a t t h e e x h ib it s w e r e
n o t a ll r e a d y .
N e w Y o r k h a s s e n t la r g e a m o u n t s o f c u r r e n c y W e s t th is
w e e k , to h e lp th e b a n k s o u t o f t h e ir m o n e y tr o u b le s , a n d o n
t h e o fh e r h a n d w e h a v e a v e r y fa v o r a b le tu r n in t h e d e c lin e
h e r e in fo r e ig n e x c h a n g e o n a r e d u c tio n o f a fu ll 1 p e r
c e n t, f r o m 4 t o 3 p e r c e n t, in t h e B a n k o f E n g la n d
ra te .
W h ile th e W e s t a n d S o u th a r e c a llin g f o r m o re
m o n e y i n 6 p ite o f o u r is s u e o f o v e r § 4 ,0 0 0 ,0 0 0 n e w c u r r e n c y
e v e r y m o n t h , h o w is i t t h a t a g o l d c o u n t r y l i k e G r e a t B r i t a i n
ca n m a in ta in h e r e q u ilib r iu m in t h e f a c e o f s u c h g ig a n t ic
c o n v u l s i o n s a s t h e B a r in g c r is i s a n d t h e r e c e n t A u s t r a l i a n
d is a s t e r s , a n d y e t , w i t h o u t m a k i n g a n y f o r c e d o r fi c t i t i o u s
is s u e s o f c u r r e n c y , k e e p t h e r a t e o f i n t e r e s t i n L o n d o n a t 3 @ 4
p e r c e n t ? T h is is a q u e s t i o n w o r t h y o f s o m e s t u d y .
T h e o p e n m a r k e t ra tes f o r c a ll lo a n s d u r in g th e w e e k o n
s t o c k a n d b o n d c o l l a t e r a l s h a v e r a n g e d f r o m 2 t o 12 p e r
c e n t, th e a v e r a g e b e in g 4 % p e r c e n t. T o -d a y ra tes o n c a ll
w e r e 5 t o 12 p e r c e n t . C o m m e i c i a l p a p e r is q u o t e d a t 6 t o 7 p . c .
T h e B a n k o f E n g la n d w e e k ly s ta te m e n t o n T h u rs d a y s h o w e d
a n in c r e a s e i n b u l l i o n o f £ 1 ,3 8 3 ,7 0 0 , a n d t h e p e r c e n t a g e o f
r e s e r v e t o lia b i l it i e s w a s 4 (L oo, a g a i n s t 41*58 la s t w e e k ; t h e
d is c o u n t ra te w a s r e d u c e d fr o m 4 t o 3 p e r c e n t. T h e B a n k
o f F r a n c e s h o w s a n i n c r e a s e o f 2 7 5 ,0 0 0 f r a n c s i n g o l d a n d
1 ,4 2 5 ,0 0 0 f r a n c s in s ilv e r .
T h e N e w Y o r k C it y C le a r i n g - H o u s e b a n k s in t h e i r s t a t e m e n t
o f J u n e 4 s h o w e d a d e c r e a s e in t h e r e s e r v e h e l d o f 1 5 ,7 8 0 ,8 0 0
a n d a s u r p lu s o v e r t h e r e q u i r e d r e s e r v e o f § 2 0 ,9 8 7 ,5 0 0 , a g a in s t
§ 2 5 ,4 3 9 ,9 2 5 t h e p r e v io u s w e e k :

S ixty D a y s.

P rim e b a n k e rs ’ s te r lin g b ills o n L o n d o n .. 4
4
4
5
F ra n k fo r t o r'B r e m e n (re ich m a rk s ib ’ n k e r e

86 •®4 86*2 4
83% '@ 4 84 1
83% -@ 4 8 3 % ’
2 0 ® 5 19% 5
3913i6® 3 9
9 4% »94% |

D em an d,
88

® 4 88%

1S% @5 1 7 b
401ie « 4 0 i 8
95 b » 95 b

The f o l l o w i n g w e r e the r a t e s of d o m e s t i c e x c h a n g e on N ew
York a t t h e u n d e r - m e n t i o n e d c i t i e s t o - d a y : S a v a n n a h , b u y i n g
% d is c o u n t , s e llin g p a r @ % p r e m iu m ; C h a rle s to n , b u y i n g
p a r , s e l l i n g % p r e m i u m ; N e w O r le a n s , b a n k , § 1 5 0 p r e m i u m ,
c o m m e r c i a l 7 5 c .; S t. L o u is , 81 0 0 p e r § 1 ,0 0 0 d i s c o u n t ; C h i c a g o ,
$1 25 p e r S l,0 0 0 v d i s c o u n t .

United States Bonds.—Q u o t a t i o n s

a re as fo llo w s :

In terest J u n e ^J u n e
P erio d s
3. | 5.

2s , ............

.T e g . Q . - M c h . * 99

4 9 ,1 9 0 7 ............. c o u p . Q .-J a n .
6 s, c u r ’ c y ,’ 9 5 . . .. r e g . J . & J.
6 s, c u r ’c y ,’ 9 6 ___ r e g . J . & J.
6 s, o u r’ c.y,’ 9 7 __ r e g . J. & J.
6 s, c u r ’e y ,’ 9 8 __ re g . J .
J.
6 s, c u r ’c y ,’ 9 9 ___ r e g . J . & J.

1* 99
* l l l i 4 *111%
*112 % *112%
*1 02 % *102%
*105 1*105
*108 |*108
*111 % *111%
*113 % *113%

June
6.

June
7.

* 99
*1 10 %
*112
*102%
*105
*108
*111%
*113%

* 9Sb
nos*
’ I l l 's
*102b
*105
*107b
*111
‘ 113

•TMsis thepriee bid at the morning board; aoMiewaa made.

State and Railroad Bonds.— S a le s o f S t a t e b o n d s a t t h e
B o a r d i n c l u d e : § 3 ,0 0 0 A l a b a m a , C la s s A , a t 100 , $ 1 ,0 0 0 C la s s C
a t 9 4 % , a n d $ 3 0 ,0 0 0 V i r g i n i a 6s d e f ’ d t r u s t r e c e i p t s a t 4.
T h e m a r k e t fo r r a ilr o a d b o n d s h a s b e e n e x t r e m e ly n a r r o w
a n d a lm o s t fe a tu r e le s s . R e a d i n g b o n d s , o f w h ic h m e n t io n w a s
m a d e la s t w e e k , s h o w s lig h t im p r o v e m e n t c o m p a r e d w it h
t h e lo w p r ic e s , a b o u t t h e lo w e s t o f t h e y e a r , t h e n r u lin g .
R o c k I s l a n d 5s h a v e b e e n i n s o m e d e m a n d , o n t h e p u b l i c a t i o n
o f t h e r e s u lts f o r t h e la te fis c a l y e a r .
R ic h m o n d T e r m in a l
b o n d s h a v e b e e n q u ie t a n d w e a k , lin g e r in g n e a r th e lo w le v e l t o
w h ic h th e r e o r g a n iz a tio n p la n r e d u c e d th e m . T h e in v e s tm e n t
d e m a n d f o r b o n d s is v e r y l i m i t e d , s o t h a t f l u c t u a t i o n s i n p r i c e
d o n o t c o u n t f o r m u c h , a n d s l i g h t r e c e s s io n s a r e n a t u r a l .
B u t it s h o u ld b e o b s e r v e d th a t m a n y e x c e lle n t b o n d s a r e n o w
o b ta in a b le a t p r ic e s s e n s ib ly lo w e r th a n p r e v a ile d a f e w
m on th s a ge.
A t th e s a m e t im e it s h o u ld b e s a id th a t c o n s id ­
e r in g th e s h a k in g u p t h e s t o c k m a r k e t h a s e x p e r ie n c e d , b o n d
v a lu e s h a v e b e e n r e m a r k a b ly w e ll m a in ta in e d .

Railroad and Miscellaneous Stocks.—T h e w e a k n e s s i n t h e
s t o c k m a r k e t r e fe r r e d t o i n o u r la s t r e p o r t r e c e iv e d a s u d d e n
c h e c k o n T u e s d a y u p o n th e a n n o u n c e m e n t fr o m W a s h in g t o n
t h a t t h e P r e s id e n t h a d p u b l i c l y e x p r e s s e d h is d e t e r m in a t io n
t o c a l l a n e x t r a s e s s io n o f C o n g r e s s i n S e p t e m b e r t o d e a l w i t h
th e s ilv e r q u e s tio n . T h e u p w a r d m o v e m e n t , h o w e v e r , w h ic h
o c c u r r e d w a s n o t s o g r e a t as m ig h t h a v e b e e n e x p e c te d , m o s t
o f t h e lis t , i n s y m p a t h y w i t h C o r d a g e , r e a c t i n g a f t e r a s m a l l
r is e .
S till L o n d o n b o u g h t q u ite fr e e ly o f h e r s p e c ia ltie s , a n d
t o -d a y , t h o u g h d e a lin g s w e r e n o t la r g e , a m u c h m o r e c o n f id e n t
fe e lin g p r e v a ile d , fo r e ig n e x c h a n g e h a v in g fa lle n s h a r p ly a n d
t h e s ta te o f a ffa ir s in C h ic a g o h a v in g g r e a t ly im p r o v e d .
S t.
P a u l, L a k e S h o r e a n d L o u is v ille & N a s h v ille r e fle c t e d t h e
m o r e h o p e fu l v ie w ta k e n b y fo r e ig n m a r k e ts, a ll o f th e m b e in g
h ig h e r th a n la s t w e e k . T h e in c r e a s e in e a r n in g s o f t h e I llin o is
C e n t r a l f o r t h e m o n t h o f M a y is q u it e i n a c c o r d w it h id e a s o f
w h a t th e C h ic a g o F a ir s h o u ld d o f o r r o a d s e n jo y in g th a t tr a ffic ,
b u t o f c o u r s e t h e Illin o is C e n tra l o c c u p ie s a n e x c e p t io n a l p la c e
a m o n g t h e C h i c a g o x-oads .T h e N . Y . C e n t r a l ’ s r e p o r t o f g r o s s
e a r n in g s f o r M a y w a s a ls o r e m a r k a b ly g o o d a n d th e s to c k w a s
b e n e fitte d t h e r e b y .
B a l t i m o r e & O h i o , o n M o n d a y o n a s i n g l e s a le o f 1 0 0
s h a r e s , f e l l t o 6 7, t h e l o w e s t p r i c e r e c o r d e d f o r it ixx m a n y
yea rs.
I t is r e p o r t e d th a t t h e c o m p a n y , in v ie w o f t h e l o w
r a te s f o r t r a ffic p r e v a ilin g , is a b o u t t o in s tit u t e c e r ta in
e c o n o m ie s , a n d a p p a r e n t ly i t w a s b e c a u s e o f th is r e p o r t , lo o k e d
u p o n in a n u n fa v o r a b le lig h t, th a t th e p r ic e d e c lin e d . I t
c l o s e s t o - d a y a t 74. R i c h m o n d T e r m i n a l l i a s b e e n o n e o f t h e
w e a k e s t p o in t s in t h e m a r k e t , a n d f r o m 2 % @ 2 % la s t F r id a y
f e l l y e s t e r d a y a s l o w a s % , b u t t o - d a y t h e l a s t s a le w a s m a d e
a t 1 % ca s h . T h e G o u ld s to c k s h a v e b e e n ir r e g u la r a n d T e x a s
P a c ific W e d n e s d a y m a d e a n e w d o w n w a r d r e c o r d ; M a n h a tta n
o n th e o th e r h a n d w a s s tr o n g e r u p o n th e re s ig n a tio n o f f o u r
1893.
D ifferen'sfrom
1892.
1891
J u n e 4.
P rev. week.
J u n e 4.
J u n e 6.
o u t o f t h e f i v e m e m b e r s o f t h e R a p i d T i-a n s it C o m m i s s i o n .
T h e r e h a s b e e n ta lk as t o w h a t s h o w in g t h e W e s t e r n U n io n ’s
$
$
$
$
C tp lta l................... 60,4 22 ,7 0 0
6 0,3 7 2 ,7 0 0 60.7 72 .7 0 0 s t a t e m e n t o f e a r n i n g s t o b e is s u e d n e x t w e e k w i l l m a k e , b u t
S a rp ln s.................. 7 1,367,500
6 7,9 0 6 ,3 0 0 6 4.3 66 .7 0 0 t h e s t o c k a f t e r s o m e d e p r e s s i o n c l o s e s a t 8 3 % a g a i n s t 8 1 % l a s t
L ia n a and dieo’ te 416 .69 0 .2 0 0 T n c. 7 8 8 ,6 0 0 4 9 2 ,70 1 ,7 0 0 3 86 .2 3 6 .4 0 0 F r i d a y . T h e c o a l s t o c k s a r e w e l l h e l d , C e n t r a l o f N e w J e r s e y
5,570,500 D eo.
C ir cu la tio n ..........
50,2 00
5 ,7 2 3 ,6 0 0
3,4 3 9,70 0
r e c o r d in g a g a in f o r th e w e e k o f 4 p o in ts . R e a d in g s o ld a t
N et d ep osits......... 431 .11 1 .2 0 0 D e c .5 ,3 13,500 5 4 2 .0 6 1 .0 0 0 3 3 3 .88 2 .4 0 0
S p e o i e ................... 7 0,1 56 ,4 0 0 D ec. 5 00 ,70 0 104 ,03 5 ,8 0 0 5 9,7 5 1 ,3 0 0
18 o n T h u r s d a y a n d f e l l t o - d a y a s l o w a s 1 5 % , c l o s i n g a t 1 6 % .
J o g a l ten d ers___ 58,6 83 ,9 0 0 D e c.5 ,2 8 0 ,1 0 0 5 5 ,1 5 9 ,2 0 0 4 2 ,9 0 6 ,9 0 0
N o r th e r n P a c ific p r e fe r r e d , f o r n o s p e c ia l r e a s o n s o fa r a s
H sse rv e h eld ___ 128,840,300 D ec.5 ,7 8 0 ,8 0 0 159 .19 5 .0 0 0 102 ,65 8 ,2 0 0
k n o w n , f e l l t o 3 1 % o n M o n d a y , b u t w a s h i g h e r t h is a f t e r n o o n
L ig a lr e s e r v e ___ 1 07 ,852,800 D e c .1,3 2 8,37 5 1 3 5 ,5 1 5 ,2 5 0 9 5,9 7 0 ,6 0 0
b y s e v e r a l p o in ts .
I t is a n n o u n c e d t h a t t h e s u b s c r i p t i o n t o
th e c o lla te r a l tra s t n o te s h a s b e e n c o m p le te d .
Sum iun re»erx-p
2 0 .9 87 .5 0 0 D e c 4 .4 5 2.42 5 ! 2 3,6 7 9 ,7 5 0
6 ,6 8 7 ,6 0 0
N a tio n a l C o r d a g e h a s b e e n e x t r e m e ly w e a k a n d th e r e o r g a n ­
F o r e i g n E x c h a n g e . — T h e r a t e s f o r s t e r li n g e x c h a n g e w h i c h i z a t i o n p l a n , w h i c h w a s m a d e p u b l i c t o - d a y , p r o v i d e s f o r is s u ­
f o r s o l o n g h a v e r u l e d B tr o n g s u d d e n l y d e v e l o p e d w e a k n e s s i n g b o n d s a n d a d d i t i o n a l p r e f e r r e d s t o c k .
T h e D is tillin g &
o n T u e s d a y , in c o n s e q u e n c e o f l o w e r d i s c o u n t s i n L o n d o n , C a t t l e F e e d i n g d t f e c t o r s a r e s a i d t o h a v e p l a c e d e n o u g h o f t h e i r
th e B a n k ra te b e in g re d u c e d o n T h u rs d a y a n d fr e e d r a w in g
$ 8 ,0 0 0 ,0 0 0 o f b o n d s t o p r o v i d e f o r p r e s s i n g o b l i g a t i o n s , a n d
a g a in s t f o r e i g n p u r c h a s e s o f s t o c k s , a n d w h e a t a n d o t h e r j n o t w i t h s t a n d i n g a l l s o r t s o f r e p o r t s t h e s t o c k h a s b e e n s t r o n g .
c o m m o d i t y 's .
P r e s i d e n t C l e v e l a n d ’s s t a t e m e n t p r o d r r c e d a T h e S u g a r C o m p a n y h a s d e c l a r e d a s e c o n d q u a r t e r l y d i v i d e n d
g o o d e f f e c t o n t h e m a r k e t . G o l d s h i p m e n t s h a v e b e e n c o n - ' a t t h e r a t e o f 12 p e r c e n t p e r a n n u m , a n d t h e s t o c k s o l d a s
f i n e d t o t h e 81,000,000 s e n t o u t T u e s d a y . T h e m a r k e t t o - d a y 1 h i g h a s 90 t o - d a y .
G e n e i'a l E l e c t r i c , a s u s u a l , h a s c o m e i n f o r
w a s w e a k a n d u n s e t t le d . A c t u a l r a t e s o f 'e x c h a n g e a r e : it s s h a r e o f a t t e n t i o n a t v a r y i n g p r i c e s .

THE CHRONICLE.

J une 10, 1893. J
new

YORK STOCK EXCHANGE—A C T IV E STOCKS Jor week ending JUKE 9 , and since JAN. I , 1 *9 3 .
H I G H E 8 T A N D L O W E S T P R IC E S .

S aturday,
J une 3.
2 3 78
"2%
*68
76
49%
‘ IO d
18%
*138
84

24*«
3%
72
76
49%
108
19
142
85%

66% 67%
115
11618
1 0 6 ^ 1063*
7 0 % 71%
37% SB1*
*112
116
3 9 % 39%

M on d a y ,
J u n e 5.

*94%
67%
*115%
1 06 %
140
70%
3 6%
113
40%
20
'6 4
120
13838
*13%
46
%
*10
3%
* 135
*113
89
*6%
1 9%
17
70
121
9S%
63
16 %
19%
124%

*13
16
1 4 78 15
14
14
54
54

*13
14%
13%
53
6%
23
1 2%
3 1%
*13%
*28
*55
*12%
11
17
*14
*52
1%
*16%

*0
*10 %
-3 b
* 1 00
109
28
6 78
*7%
39%
*75
27
'9 %
*713
15%
14*8
493s
*8

24%
14
33%
14%
32
68
14%
12 hi
17%
16
56
2%
18

T u esd a y.
June 6

W ed n esd a y ,
J u n e 7.

T h u rsd a y ,
J u n e 8.

F rid a y,
J u n e 9.

2 4% 25b)
215a 25
2 3% 24%
24% 2 4 %
2 4%
3
2*9
2%
'2
*2
3
3
2b!
■2*4
71
72
72
74
67
6 7% 7 1%
67
71
76
77
77
7 6% 76a,
77
*77% 77bs *77
49% 50*2
5 0%
49% 50
49% 50%
5 0%
50
106
106 *1 05 % 108
*106
308
1 0 7 7a 11 8*3 110
19
18% 19
19% 19%
1 9% 2 0%
19 b 19b)
140
142
*136
140
*135
*135
140
86% 87%
87b
8 4 % 8 6%
8 5 % 86=s
85% 8 6 b

*20% 21
72
*64
120*4 1 20 %
138
138%
*1234 15
4.5 78 4 6
%
%
10
10
3 7g
4
*137
139%
113
113
87% 88
6%
6%
23
*20
*17
IS
70
70
1 2 0 % 1 21 %
100
100
62
62 %
1 6 % 16%
20
1 2 6 ia 127%
97 % 97%
* l l i 4 12
*27
30
11
11
*19% 20%
3 i % 36
19
19
*85
90
1 00 % 1 01 %
14
14
75
29
29
17
17*e
34
21
23%

22
14
33*4
*13
*r
*60
*12
*1 1%
168s
*14*4
*52
2%
*16%

^Bo -

*11%
*27
*11
2 0%
34%
20
85
10 .%
14
*27
17
34%
2 1%

95%
9 4% 94%
94b) 94 h> 95*4 95%
68%
68%
67% 68=3
68
6 7% 6 8 7«
117
ll6 ia ll7 b i
115% 115% *115 % 117
1 07 % 104
105% 1 04% 104% 1 0 4 b) 105
140
71
72%
72%
71% 73
71=8 72%
38%
38%
37% 37%
3 7 % 38*4
38
114
*112 116 *110
*110 113
115
41
41
41
41% 41%
40% 41
83
83
*20
20% *2C% 20%
20%
20
20
65%
*64
120% 121
120% 121
121=8121=8
121
139% 1 39% 140
139% 13S19 140%
139
14
13% 13%
* t3% 14% *13% 14
473s
47 b) 48
4733 4 7 %
4 7 b 48 b
b)
%
%
%
%
%
b
20
20
*10
20
*10
15
15
2%
2 7«
3%
3
2 7S
2%
2b
*
1 3filn 1 37
137
136
*113
115
115
*113
115
*112bi 115
HW
88
9034 91
90
9 0%
90%
7
*6%
7
7
7
C78
6 7r
20
19% 19%
20
20
19% 1 9%
17%
17% 17%
18
18
1 7 78 18
70%
70
70
70
70
*69% 71
121% 1 21 % 123% 1 2 1 % 1 2 2
122% 123%
99%
*99% 101
99
9 9 b. *99)9 10 L
64
65
66%
645s 65
64=8 6 5%
16%
16%
16
16
16% 16%
16%
*
*
191 q
19
19
123%
120% 126
125=8 125
1201a 125
*96% 99%
98
93
12
12
*11
12% *11
*11
12
32*9
30
*28
33
*29
33
*28
11%
n%
11% *11% 11 7S *11% 11%
20% 20%
20
20%
20%
20 34 21
36
3 3 % 35
34
34%
3 4 % 36%
•*
21
20% *19
* J9
20
21
85
90
*84
*84
90
90
*85
10138 102
10214 1 02% 102% 102
102b
It
14% 14%
14% 14%
14% 15
63%
29% *28
26% 26%
28
32
28%
1 7% 18
1 7%
17% 1 7%
17% 17%
*36
38
36% 36 %
22%
23%
22
2 1 % 22%
22
23%
16
14%
13%
54
23
13
34%
15
32
63
14%
11%
17%
16
58
2%
18

*13
14*8
1 3 78
*53
6%
22 34
13%
33
*13
*28
*55
*12
*11
17%
*14
‘ 52
1%
16b)

*13
16
1 4 78 14%
14% *13%
53
54
23
13%
34
15
68
15
11%
18=8
17
56
2
16%

23
12%
32=8
14%
*28
*55
*12%
10%
17
14
52
1)8
15

16
14^8
14%
53

*13
14=e
13%
54

23
23
13
12%
33
33%
*14%
15
*28
32
*55
63
14
12)9
10%
1 0 78
16
17%
*14
14
52%
52
78
1%
17
15 b)

16
14b
14%
54
23
13%
33%
15%
33
63
12%
1 0 78
18
17
52%
1%
16

STOCKS.

A c t iv e R K , S to c k s .
2 5 b A tch ison T op . A S an ta F e ___
A tla n tic <fe P a ciflo ....................
3
75
B altim ore *fe O h io .....................
C anadian P a c i f l o .......................
78
51% C anada S o u th e rn ......................
C entral o f N ew J e r s e y .............
n o
19% C hesapeake <fc O ., v o t. tr. ce rt.
142
C h ica go B u rlin g to n <6 Q uincy.
88

Sales
o f the
W eek,
Shares.

R a n g e o f sales Ln 1 893.
L ow est.

H igh est.

48,5 28 23=8 M a y 15 3 6% Jan .
1,200
2% Juno 5
2 ,6 9 6 67 J u n e 5
1,000 7 3 % M ay 17
5 ,595
442 104% May 5
9 ,195 1 7 b M a y 5
75
5 4 ,9 8 0 8 i % M ay 13 103% Jan .

95% 95%
Do
p r e l.
4 3 0 94% J u n e
68 b 6 9 b iJhioagoM U w ankee8t St. Paul. 138,696 66% J u n e
1 17 % 117%
Do
p r e l.
225 115 M ay
7 ,0 1 6 104 J u n o
105*4 106% C hloago <fe N o r t h w e s t e r n ........
35 138
M ay
7230 73 b C h ica go R ook Isla n d <feP a cific. 3 1 ,8 2 0 6 8
M ay
38 b 39% C h ica go 8t. P a u l M inn. <fe Oin. 10,0 20 3 6 % J u n e
‘ lio
113
Do
p re l.
2 10 112
M ay
*41% 43
C leve. C in oln. Ohio. & 8t. L . . .
1 ,9 5 0 3 5 M a y
6
2 0 % 2 l b C olu m bus H o o k in g V al. A T ol.
1 ,9 0 0 2 0 J u n e
72
20 6 2 M ay
2 ,501 120 M a y
1 2 i b 1 2 3 b D elaw are <&H u d s o n .................
D
elaw
are
L
a
c
k
a
w
a
n
n
a
*
West
15,4
36
140*4 141=8
134% M a y
13% 14
1 ,120 13% M ay
D en ver <St R io G r a n d e .............
*17% 48 b
Do
p r e f.
3 ,2 7 0 4 5 7e J u n o
4 ,4 6 9
%
% June
b E a e tT e u n e ss e e V a. <fe G a ........
15
Do
1 st p r e f.
120 10 J u n e
15
3 ,493
Do
2 d p r e l.
3%
3b
2% J u n e
135
135
530 131 M a y
4 00 113 J u u e
1 1 4 b 1 1 4 b G reat N o rth e r n ,p r e f................
90% 92
Illin ois C e n t r a ...........................
4,t>96 8 7 b J u u e
6%
3 iO
6 b Tow a C e n tra l...............................
6 % May
070 19 M a y
*20% 21
Do
p r e l.
18
18% L a k e E rie & W e s t e r n ...............
1,400 16% M a y
7 0 b 71
1,660 67% M a y
Do
p r e l.
123% 125
L ake S h ore & M ich . Southern.
7 ,5 9 3 118% M ay
2 ,6 9 5 9 8 % J u n o
1 0 0 b 1 0 0 b L o n g Is la n d .................................
6 6% 66% L o u is v ille * N a sh v ille ............. 3 »,670 61% J u n e
17
3 ,1 2 5 14 M a y
1 7 b L ou isv. N ew A lb . <fe C h ica go..
100
19
129 131
M anhattan E le v a t e d ,c o n s o l.. 1 1 ,2 5 0 115 M a y
97% 98
820 96
M ay
*11% 12
200 1 1% M a y
M in n eap olis & 8 t. L o u is .........
*29
32
Do
p re l.
43
M ar.
11% 11 b M issouri K ansas A T e x a s ___
1 ,« 1 0 11 J u n e
20% 2 1 b
1,822 1 9% M a y
Do
p re l.
34*4 3 6 b M issouri P a c ific .......................... 1 8 .2 8 0 3 3 b J u n e
*19
300 16 M a y
21
*84
90
Nasli v . C hattanooga5i8t.L ou i s
2 0 0 85 M ar.
103% 104% New Y ork C entral <fc H u d s o n .
4 ,3 6 8 9 8
M ay
*14% 15 b N ew Y ork C hic. <fe 8 t. L ou is ..
585 14 J u n e
*64
20
470 2 6% J u n e
Do
2 d p r e l.
2 8 b 28 b
1 7 b 18 N ew Y o rk L a k e E r le & W est’ n 14,510 16% J u n e
1.200
21
22 b N ew Y o r k & N ew E n g la n d . . . 39,5 90 20=8 J u n e
2 53 % heb.
*13
16 N ew Y o rk Si N orth ern , p r e f ..
10% M a v
14% 15 N ew Y o rk O n tario <te W estern
3 ,1 9 0 14 % M a y
1 405 13 % J un e
1 4 b 14% N ew Y ork S usqueh an. & West.
55% 5534
Do
p re l.
7 o0 53
June
210
1 ,5 8 0 2 2 J u n e
Do
p r e l.
1330 1 3 b N orth ern P a c if lo ........................
2 ,3 8 0 1 2% M a y
33% 35%
Do
p r e f. 19,3 76 3 1 % J u n e
*15
16
O hio & M is siss ip p i....................
500 1 4 % J u u e
*29
34
25
M ay
*55
63
O regon R ’ y <fe N a v ig a tio n C o.
5 0 M ay
*12
O regon 8h. L in e & U ta h N orth
13
300 12% M a y
P eoria D e c a tu r <fe E va n sville.
* 1 0 b 11
1 ,0 0 0 10
M ay
15% 1 6 78 P h ila d elp h ia <fc B e a d in g ......... 9 4,9 60 15% J u n e
*i4
16 P ittsb u rg C inn. C hic. <fe St. L .
luO 1 4 J u n e
*51
53%
Do
p r e f.
160 4 9% M ay
1
i b R ich m o n d & W e st P o in t T e r’l 4 5 ,9 1 3
7e J u n e
1 ,2 0 4 1 5% J u n e
Do
p r e l.
lo b 13b
16
M ar.

7
2
4
6
113
5
5
5

16
79
74
16
16
21
8
21

105

Jan. 2 3
23
126 Jan . 2 3
11030 F eb. 1

121

Feb.

5
5
11
13
31 1 8 b Jan .
3 5 7 % Jan.
5
5 7g F eb .
3 3 5% F eb.
7 11% F eb.
5
3 1 42% F eb.
3
4
15 37 Jan.
15 25% Jan.
15
16 1 3 4 b A nr.
5
2
4 27 Jan.

23
9
3
23
19
27
27
21
23
4
3
3
7
25
25
16
14
18
3
21
21
14

5 174% Jan. 1 3
15
10 19% Jan. 14
16 49 Jan . 16
2 16 Jan . 25
3 28% Jan. 16
7 60 Jan . 21
10
20 9 0 A p r. 18
15 111% Jan. 25
3 20 Jan . 1 7
7
2
1
20
5
16
5
5
3
15
5
7
i<‘)
15
15
2
9
7
18
8
S
16

41
A p r. 5
2 6 % Jan . 2 5
°1
52% Jan. 17
38
19%
21%
73%

Jan.
Jan.
Jan.
Jan .

24
20
23
23

39% Jan . 2 3
I S .b F eb . 14
503 b F eb. 6
25 F eb . 1
°=>
8 4 % Jan. 2 3
25 Jan. 16
18% Jan. 21
5 3 b Jan . 25
2 1 % Jan . 2 4
62 J an . 2 4
12 F eb . 3
43
F eb . 6
25
28
7 b Jan . 18
15 Jan . 18
47 % J an. 18
103 Jan . 3 0
1 16 % Feb. 14
35 b Jan . 16
11 J an . 19
4 0 % Jan . 31
5 0 Jan . 17
85 Jan . 7
4 2 % Jan . 27
1 8% Jan . 1 6
1 2 b F eb. 9
26 b Feb. 7
23 b Jan. 17
6 7 % Jan . 17
1 5 % Jan , 2 9

*6
6
6% St. L ou is S o u t h w e s te r n .........
6%
6
5% M ay 5
6
6%
560
5 7s
6%
5 78
*078
1 .4 0 0 10 M a y 4
11% *10%
11% 11%
Do
p r e l.
*10% 11%
1 0 78 11
iib
ii= «
*33
38
35
*33
30
36
St. P a u l & D u lu th ......................
*33
36
100 3 2 M a y 15
35
*34
38
104
*102
'1 0 2
*102
*102
105
105
104
105
100
M ay 5
Do
p re l.
*102
105
109
*103
110
*103 • 110
450 1 03 % J u n e 6
*108
*108
1 10
8 t. P a u l M inn. & M a n it o b a ...
110
1 08 % 109
2 7 % 27%
28%
27% 28
27% 23%
28
28% S outhern P a o ih c C o ...................
2 ,8 4 0 27=8 J u n e 7
27% 27%
6%
b%
6%
7 % ,T e x a s <fe P a c if ic ..........................
6 7e
6%
6 34
6%
2 ,9 0 0
6% J u n e 7
6=8
6 78
6%
8
9
7 % M ay 29
8%
1 ,435
7%
9b
7%
7%
7%
7b>
7b)
9 b T o le d o A n n A r b o r <fe N. M ich .
50
*39
*39
39% *39
50 T o le d o & O h io C e n tra l.............
M av 15
50
*39
50
20 4 0
*39
50
81
*75
81
*75
7 5 % M a y 11
*75
HI
*75
81
81
Do
p r e l.
*75
81
29% 30
27%
U n ion P a o iflo ..............................
6.670 2 7 J u iie 3
2 8 T& 28=8
2 8% 29%
2 8 % 29
2 7 % 28
10%
9%
9% 10% U n ion P a cific D e n v e r & G u ll.
*9% 10%
9%
9%
9%
930
9% June 8
*9% 10
8
8
7% Ju n e 2
8
8%
8b
8=8 W ab a sh .........................................
3,230
8%
838
8%
8%
8%
1500 1630
1
6
b
15%
June 3
16
16%
16%
17
16
D
o
p
r
e
f.
6
,6
3
3
1
7
b
16%
16%
1 5% 1538 *14
15
15% * 1 4 b 15% W h eelin g & L a k e E r ie .............
*14
34C 1 0% M a y 4
15%
15%
16
53
51
49% *47
56% *4:7
51
22C 4 3 b M ay 5
Do
p r e l.
56%
5 0 % 50 % *47
10
8 M a y 16
8
*8
*8 >9 10b)
8b
38C
8%
8 b W isco n sin C en tra l C o ..............
9
9
9b)
M is c e lla n e o u s M o c k s .
3 4 % 35%
3 4% 36%
35
5 ,1 3 5 3 0 M a y 5 5 1 b M a r
3 4% 35
3 5%
35
36
3 5 b 3 6 b A m e rica n C o tto n O il C o .........
69% 69%
*68
Do
p re f.
6 8% 63%
69%
1,181 68 M a y 5 S4 F eb.
69
69
68
6 8 Te 69
853s 87%
5 9 ,4 0 5 6 2 M a y 5 134% F eb .
8 6 % 87%
A m . S u g a r R e f .C o ....................
87
87b) 8 8 b
8 8 7s 90
8 7 i4 8 8%
8 8 7a
63 M a y 5 1 0 4 % J an .
86
86
87%
8
7
b
87%
D
o
p
r
e
l.
2.748
8 6 % 87%
8
7%
8
7
b
87b
88% 8 8 b
59
A m e rica n T o b a cco C o .............
3 ,4 7 0 5 5 J u n e 6 121 Jan .
58
69
57
57
57
57
57
58
57
55
57
*
*83
175 8 4 b J u n e 7 110% Jan .
86
8 4% 84% *80
86
*81
SO
Do
p r e l.
86
86
M ay 5 9 4 b Jan .
69% 7 0 7a C h loago G a s C o., tru st r e c ’ ts. 9 0 ,4 4 2 5 9
67% 6 9 %
694
63b) 69%
6714 68%
67% 695s
68
940 1 3 J une o 25% Feb.
*14% 16
C olorad o C oal & I r o n D e v e l..
13
13
13
13
1 3 b 14
*13
13b) 1 3 b
*
F eb.
*42
683 40 J u n o 6 7 2
41
41
40% 40% C olorad o F uel <fc Iro n -...........
44
40
41
42
40
40
1.620 113 M a y 5 144 Jau.
*1 26
1 2 8 % 129
129
129
1 28% 1 3 0 b C on solid a ted G as C o . . . ...........
129
129
*126 129
*126
16% 17
18% 19=S;D istilling & C attle F e e d ’ s C o. 6 3 ,9 8 0 13 M a y 22 6 6 % Jan.
1 6 7e 17%
1 7 % 18
17b is !.
18% 19=8
M a y 5 114% Jan .
6 8 % 72*3
69% 71=8
7 0% 7 2 %
7 0 % 72%
68% 714)
7 1 b 72^0 G en era l E le c tr ic C o ................. 65,2 62 5 8
P% M a y 13 ,147 F eb.
12% 1 4 b N a tio n a l C ord a ge C o., n e w ... 31,5 71
16
1 2 % 11%
16%
12
15%
16
16%
15% 16%
510 3 9 M a y 13 118% Jan .
*50
47
47
48
48
Do
p r e l.
60
50
*50
48
60
49
49
6 ,1 9 4 2 6
M ay 5 52% Jan .
30% 31% N a tion a l L e a d C o ......................
30% 30%
29% 3 0 %
2 9 % 30%
30=6
3 0 % 3 0 7q 3 0
2,341 6 7 M a y 5 9 6 Jan .
69% 70%
70
Do
p r e l.
70
70
7 1 b 71=8
69
6 9% 7 0 %
70
70
3,312
8 M a y 4 11% M ar.
8% N orth A m e rica n C o ...................
8b
8%
838
8=8
8b
8%
8%
8%
8%
8*8
8%
18
F eb . 7 21% Feb.
*12
*12
*12
IS
18
*12
18
1,060 1 7 b M a y 4 27% J an .
19
19% 1 9% *18 78 19%
18% 1 8 7a P a cific M a i l .................................
19%
1 8 7a 1 8 7e
19% 1 9 b
20.00C 5 2 b J an . l i . 7 0 b A pr
63% P ipe L in e C ertificates § .........
*62
6 2% 62% *
*63
62
63% 6 4 76 k
2,102 168 J u n e 7 206 A p r
170
170 P u llm a n P a la ce C ar C o ...........
170
168
170
170
170 ' 1 7 0 ~ 170
16S
16S
170
83% S ilv er B u llio n C ertiiica te s___ 30,0 00 8 2 % M ar. 21 8 4 b Jan.
*82% 83% *82% 83% *82% 83
83
83
83)a 8 3 b *83
6,376 16% M a y 23 3 7 % J an
17% T en n essee C o a l & I r o n ...........
16% 163,
17
1 7 % 17%
16% 1 7%
1 6 % 17
16bs 17
1( 7 0 b Ju n e 6 102 J an .
Do
p r e f.
7 0 % 70%
22C 3 3 M ay 11 6 0 % A p r
44
4 1 % 45
46
*41
U n ited S tates R u b b e r C o ........
*41
43
45
*41
46
43
*40
63,067|
8 0 % M ay 5 101 J an .
W
estern
U
nion
T
e
le
g
r
a
p
h
___
83%
83
81 « r 82%
8
2
b
80% 82%
82
81% 8219
81)9
83 =s
it O ld ce rts.
x E x d iv,
§ Prices from both Exchanges.
These are bid and asked; no sale made.

3
14
6
19
3
3
21
7
14
20
3
16
10
20
21
20
24
9
3
4
12
18
12
31
18
20

NEW YORK STOCK EX.CHA.NOE PRICES
n a c t iv e

( C o a t i n u e d ) — IxV^CT/P/£

R ange (sa les) in 1893.

J u n e 9.
I

1_Vol, LVI,

THE CHRONICLE

906

I

St o c k s .

B id .

1! In d ica tes u n listed.

R a ilr o a d S to ck s.
A lb a n y & Susqueh anna..............100 160
B e lle v ille & South. 111. p r e f.......100
B o sto n & N. Y . A ir l i n e p r e f ..1 0 0
28
B ro o k ly n E lev a ted ti....................100
B u ffa lo R och ester & P itts b u rg . 100 i 31%
79
P re fe r re d .......................................100
B u rl. C edar R a p id s & N or......... 100
25
C en tra l P a cific................................ 100
C levelan d & P itts b u rg ................ 50 : i 4 6
D ee M oines & F o rt D o d g e ......... 100 : 6
10
P re fe r re d .....................
100
5
D n lu th s o . Shore & A tla n t ic H .1 0 0
12
P referred 11................................... 100
14
F lin t & P ere M a rq u ette.............. 100
P re fe r re d ...................................... 100
G e o rg ia P a cific IT .........................100
G r. B ay W in. & S t P. t r . r e c . . . . l 0 0 : 7%
P re fe rred tru st r e c ts ................100 ; i 3
3
H o u s ton & T ex a s C e n tra l......... 100
I llin o is Central leased lin e s — 100
9J-2
K a n a w h a & M ich ig a n ................. 100
K e o k u k & D es M o in e s ................. 100
P re fe r re d ....... ...............................100
L o u is v . E v a n sv . & St. L . C on s. 100
P re fe r re d ...................................... 100
M a h on in g C oal............................... 50 *98*
90
P re fe r r e d ..................................... 50
M exioan N a tion a l......................... 100
M inn eap olis A St L. tr. r e c ’ ts.1 0 0 ; 12
P referred tr. l e c 't s ................... 100| £9
M orris & E s s e x ............................. 50 :1 4 1 Si
N . Y . Lack. 6: W estern ................100,
N o rfo lk A S outhern...................... 100j
P e o ria & E a s tern ...........................100 ” T
P itte . Ft. W ayne & C h ica g o -----100, 146
P itts. & W estern p f ...................... 50; : 35%
R en ssela er & S a ra tog a ................100i 3 65
R o m e W at.& O gdenst.urgh — 100 107
S t. L ou is All on A Ter. P ^ u t e .,.1 0 0 1 28

A sk.
170

156

98
32
30%
30
76
83
57
25%
26
147 146
6
22
20
6k!
5%
1 5 Si
17
153e
19
77*2
6
7
11
4
4
88
ii"
11

.........
99
4
32

35%
170
109
35

165% Feb.

Jan .

M ay 102% Jan.
41% Jan .
M ay
37 Jan.
M ay
863s Jan.
May
65 Jan.
M ay
2 9% Jan .
M ay
J u n e 157** Jan.
9% Jan.
M ay
24
Mar
Feb.
14% Jan.
June
32 Jan.
M ay
23 Jan.
Mar.
7 7 % Jan .
Jau .
June
June
A p r.
Jau .
M ay

14% .Tan.
2 9 7s Jan.
7% Mar.
91
Feb.
14% Jan .

16 ”
21 %
47%
100
105

28
Mar
27
June
49
Feb.
t ar. 1 0 0
M ay 105

10
30
1 41%
112
59
4

16
A pr.
M ay
32% M ay
M ay
J u n e 163 M a r.
Mar. 1 14 Jan.
A p r. I 6 0 F eb.
M ay
9% Jan.
156
Feb.
4 ' % Apr.
179 Feb.
112% Jan .
37% May
M ay

29

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

A p r.
M ar.
Jan .
Mar.
M ay

n a c t iv e

f t Indicates actual sales.)
J u n e 9.

St o c k s .

1T In d ica te s un listed .

Highest.

L ow est.

STOCKS.

B id .

St. L ou is A lt o n <fe T . H . p r e f . . . 100 150
T o le d o P eoria <fc W e ste rn ........... 100
13
25
T o le d o St. L. & K a n sa s C ity 11...
6%
V irgin ia M id lan d ........................... 100
M is c e lla n e o u s S to c k s .
A d a m s E x p r e s s ...............................100 140
150
A m e rica n B an k N ote Co IT................
53
55
A m e rica n E x p r e s s ........................ 100 105
115
Anoer. T elegrap h & C a b le .......... 100 : 63
84
5%
B ru n sw ick C o m p a n y ....................100
C hic. J u n e R y . & S tock Y a rd s . 100
P r e fe r r e d .......................................100
C itizens’ G a s o f B r o o k ly n ......... 100 106%
C o lorad o Fuel & Iro n , p r e f........ 100
104
C olu m bus *fc H o c k in g C o a l.........100 : 8 %
C om m ercia l C a b le .......... ............ 100 100
C o n so l C oal o f M a ry la n d .......... 100
27
30
E d ison E le c tr ic Illu m in a tin g . . lOo 105
LOO
In terior C on d u it & Ins. C o .........100
L a cle d e G a s ..................................... 100
17%
P r e fe r r e d .......................................100
57
L eliigh & W ilk e sb a rre C oal U ..........
26
M aryland o a l .................................100
M ich ig a n -P en in su la r Car C o ... 100
' P re fe r r e d .......................................ICO
M inn esota I r o n ...............................100
60
N ation a l L in seed O il C o ..............100
20
25
N a tion a l S tarch M fg. C o ..............100
N ew C en tra l C o a l . .........................100
8
10
O n ta rio S ilv e r M in in g ..................100
16
19
P e n n sy lv a n ia C o a l........................ 50
|P. L o rilla r d Co p r e f..................... 100
IP ostal T e le g ra p h —C ab le IT..........
75
:Q u ick silv e r M in in g —

7—

iT e x a s P a cific L a n d T ru st.
U. S. E x p r e s s ..........................
|U- S. B u B ber p r e fe r r e d .......
iW ells. F a rg o E x p r e s s ........

....1 0 0
___ 100
....1 0 0
....1 0 0
....1 0 0
....1 0 0

2
55
78
140

R a nge (sa les) in 1892.

A sk.

23)
60
83
150

L ow est.

Highest.

150% Mar.
1 4 M ay
8 M ay

150% M ai
14 M a y
17 Jan .

1 45

Ju n e 1 60

113%
80
4
80
93%
106
105
7%
180
26
1 00
41
14%
55%
25
22
97
89
64
19%
12
8
14
300

May
M ay
June
M ay
Jan.
M ar.
M ar.
M ay
F eb
M ay
June
June
M ay
June
J,.n .
Mar.
M ay
M ay
Mar
June
M ay
May
Jan .
M ar.

Jan .

82
13%
2
12
9
55
69
140

F eb. ! 8 3 % F eb .
May I 1 6% M ay
3 % F eb .
M ar.
M ar.
2 0 F eb .
M ay
13% F eb .
M ay
7 0 % J an .
M ay
99 J an .
J an 1 5 0 A p r .

1 20 % F eb .
9 2 % F eb .
9 % A pr.
108 Jan .
93% Jan .
109 Jan .
1 1 1 % Jan .
293g Jan .
185 M ar.
31 J an .
131
Feb.
71 Jan .
2 6 J an .
74% F eb .
25 J an .
29 A p r.
1 0 6 % J an .
1 00 % J a n .
6 9 % J an .
41 J an .
3 4 % Jan
1 1 % J an .
19
A p r.
300
Mar.

1 A c t u a l s a le s

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS JUNE 9.
S E C U R IT IE S.
A la b a m a —Class A , 4 to 5 ........ 1906
Class B, 5 s ................................ 1 906
C lass C, 4 s ..................................1906
C urren cy fu n d in g 4 s .............1 9 2 0
A rk a n sas—6s, fu n d ,H oi. 189 9 -1 90 0
d i . N ^ n -H olford
7 t. A rka n sas C entral R R .............
L ou isia n a —7 8, c o n s ................... 1 914

Bid.

A sk.

100

106

3
8
160
190
3
8
108
93
97
M issou ri—F u n d ...............189 4 -1 89 5 ' 101%

New York City Bank Statement for the week ending June
3, 1893, ie as follows. We omit two ciphers i00) in all cases.
Ban

k

8.

(00a omitted.)
Bank ol N ew Y ork
Manhattan Co........
M erchants’ .............
M echanics’ ..............
A m erica...................
P h en ix.....................
C ity...........................
Tradesm en’ s...........
C hem ical..................
Merchants’ E xch ’ge
Gallatin N ational...
ButcherB’d* Drov’ rs’
M e c h a n i c & Trad'
Greenwich
.......
Leather v.anufao’rs
Seventh National...
State ol N ew Y ork.
American E xch ’ge..
Com m erce.................
B roadw ay.................
M ercantile................
P acific........................
R epublic...................
C hatham ...................
People’ s .....................
N orth A m erica........
H a n over...................
I r v in g ......................
Citizens’ ....................
N assau......................
Market & F u lto n ...
St. N icholas.............
Shoe <fe Leather.......
Corn E xohauge.......
Continental..............
Oriental.....................
Im porters’ & Trail’ s
P ark...........................
East R iv e r ...............
Fourth N ation a l....
Central N ational—
Second N ational___
Ninth N ational.......
F irst Nationa ...
Third N ational___ _
N .Y . N at Exchange
B ow ery......................
N ew York C ounty..
German-American..
Chase National........
F ifth A venue...........
German E xchange..
Germania............. .
United 8iai os..........
L incoln......................
Garfield ..................
Fifth National ___
Bank o f the Metrop
W est Side.............. .
Seaboard
___
Sixth National........
"Western H hiiona!..
First Nat.. B r’ klyn.
Southern National..
T o t a l..;..............

B id .

S E C U R IT IE S .

2 ,no0,o
2.050.0
2,000,0

2,uOO,0
3.000.
1.000.

1.000.
750.0
300.0
6f 0,0
1.000.

300.0
400.0
20 ,0
600.0
300.0

1.200.0

5.000.
5.000.
1.000.
1.000.

422,7
1,600,0
450.0
200.0

700.0

1,000,0

600.0

600,u

500.0
760.0
600.0
5u0,0

1,000,0
1,000,0

2 .0 9 7 .2
1 .7 9 5 .2
1 ,0 1 3 ,8
2 .1 2 6 .7
2 ,2 0
0 2 ,5
40
7 0 .3
2 .6 1
3 5 .7
2 0 5 .9
7 ,2 2 1 ,4
1 9 6 .0
1 .5 0
8 9 .3

318.3
4 3 4 .3
1 7 1 .3
5 7 0 .2

121,6

530.2

2 .2 0
7 2 .0
3 .6 0
6 4 .3
1 .6 0
1 4 .1
1 ,1 0
3 ,4
4 6 3 .7
9 4 3 .9
9 2 6 .7
3 3 1 .9
6 3 8 .3
1 .8 9 5 .1
3 1 8 .8
4 7 1 .2
2 8 2 .1

824.5
1 4 5 .8
2 7 7 .9
1 .2 3 2 .2
2 7 1 .4
4 2 2 .9
5 ,7 h 6,3

300.0
1.500.0
2.000. 3,094,1
0
250.0
1 4 4 .9
3.200.0 2 .0 2 2 .3
2.000.

300.0
750.0
500.0

1,000,0

300.0
250.0
200.0

750.0
500.0
100.0
200,0

200,0
500.0
300.0
200.0
200,0
300.0
200.0
500.0
200.0

2.100.0

300,0
1,000,0

60
0 6 ,1
5 3 1 .7
3 4 8 .8
7 ,2 3 0 ,0
1 3 0 .2
1 6 6 .8
525, 2
5 5 9 .6
2 9 3 ,8
1 .1 9 8 .7
9 5 7 .3
6 2 4 .0
5 6 3 .6

543.5
4 3 8 .6
4 8 1 .1
3 1 8 .5
7 6 4 .5
2 7 8 .5
2 3 4 .2
3 5 0 .0
2 8 0 .2
8 4 2 .4

182.0

.4 2 2 ,7 7 1 ,3 6 7 ,5

L oa n s, j Specie. L cgals. Deposits.
$
H .60% 0
1 2 .6 5 6 .0
f , 5 2 8 ,6
8 .1 6 9 .0
1 4 , 7 9 - ,5
3 .7 8 0 .0
1 3 ,9 5 8 ,6
2 .4 7 2 .7
2 3 ,' 7 9 ,7
3 .5 6 2 .7
5 .4 3 7 .5
1 .6 8 4 .2
2 .4 8 5 .0
1 .2 6 3 .3
3 .1 1 6 .6
1 .6 1 4 .1
3 .3 0 9 .1
1 8 .0 7 7 .0
1 8 .4 1 7 .3
5 .1 5 2 .6
7 .4 6 9 .0
3 .0 0 9 .6
8 .5 0 2 .0
6 .1 1 8 .8
1 .9 8 2 .1
4 .9 9 4 .3
1 3 .1 6 3 .4
2 .7 3 7 .0
2 ,7 2 2 ,8
2 .7 2 7 .6
4 .1 4 9 .2
2 .2 9 6 .1
2 .7 8 5 .0
7 .8 7 6 .0
3 .5 6 8 .6
1 .9 7 0 .0
1 9 .7 9 7 .0
2 i> ,4 l0 ,8
1 .1 1 4 .4
1 7 .2 5 6 .3
7 .0 7 9 .0
5 .0 3 7 .0
2 .9 9 5 .7
2 0 ,1 1 5 ,7
5 .2 2 0 .6
1 .4 9 0 .7
2 .6 3 4 .0
3 .2 4 5 .7
2 .6 8 9 .7
1 0 .9 6 7 .4
5 .3 6 9 .0
2 .8 5 0 .3
2 .8 5 8 .0
4 .9 1 7 .8
5 .1 7 1 .8
4 .0 9 5 .4
1 .9 1 6 .6
4 .8 3 8 .9
2 .3 5 7 .0
3 .6 8 2 .0
1 .7 3 0 .0
8 .9 5 6 .6
4 .6 5 6 .0
2 .6 8 0 .5

S E C U R IT IE S .

B id .

1 ,8 5 0 ,0
1 .3 *2 ,0
8 2 4 .8
7 0 6 .0
1 .4 9 8 .3
5 2 5 .0
6 ,0 1 6 ,6
2 6 9 .2
4 .1 9 1 .7
4 5 7 .9
7 7 2 .0
2 3 i ,V

210.0
137, o
4 4 1 .7
2 5 2 .1
5 1 ,8

l ,2 l f ,0

1 .6 5 9 .6
1 ,0 1 5 <

8«. 0,6

158.4

1 .6 8 9 .6
8 1 7 .3
1 6 3 .0
6 3 4 .2
3 .0 3 7 .8
3 8 3 .9
3 4 1 .7
2 2 1 .5
4 7 7 .1
1 8 8 .4
3 6 6 .0
1 .0 4 9 .8
9 7 5 .1
I 7 4 ,r
4,2-* 9 ,0
5 .9 5 6 .6
98.1
3 .7 6 9 .4
1 ,1 6 8 ,0

8 2,0

4 3 6 .7
1 .7 2 1 .2
1 .1 5 2 .4

88.1
5 0 8 .0
7 0 5 .6
3 1 2 .9
3 .1 9 5 .3
1 ,0 2 5 , t

1 3 ,'

3 2 7 .0
1 ,3 4 8 .
7 0 3 .8

1.111.8
3 1 6 .0
8 6 0 .3
4 1 7 .0
6 6 7 .0
2 7 8 .0
1 .8 8 3 .7

1.012.8
2 6 0 .6

1 .5 5 0 .0
4 .1 3 0 .0
1 ,0 7 0 ,5
8 3 4 .0
2 .6 2 3 .4
2 9 9 .0
3 ,2 23,«
3 5 « ,8
2 .4 1 6 .5
7 « 7 ,i
5 6 7 .7
2 9 4 .0
4 2 0 .0
1 7 3 .7
41* ,9
2 9 2 ,:

1 1 ,0 0 0 ,0
1 5 .1 8 7 .0
8 ,9 0 4 ,9
6 .1 4 7 .0
1 4 .8 5 2 .5

3.142.0

n k s

.

N. Y o r k .
M a r 0 ...
" 1 3 ...
“
20 .
“ 2 7 . ..
June 3 ...
B oston . 1
M ay 2 0 ....
‘ * 2 7 ....
June 3
P h i l a .*

] Capital A
Surplus.
13 .606,0
130,606,0
131,790,v
131,7 0,2

Specie.

5

2*8

Legals. Deposits, t CircVn Clearings.

425.728.2
42<*,827,7
416.901.3
415,901,6

70,168,7 51,159,4 433,971,7 5.598.0
70,»02,9 55,708,6 4 <4,865, v- 5 ,6 ,3 ,5
7 1 .2 3 1 .1 62.861.9
~ i | 438,0?-3,3
................1 5.589.1
70.657.1 63,964,0 4 <6,724,7 5.620,7
1 3 1 ,7 9 0 2 4 1 0 ,6 9 1 ,2 70,156,4 58.683.9 431,411,2 5,57u,o
64.642.9 150,653,1
64.642.9 149,956,9

6.539.2
6,561,6

$
897.188.1
750.410,4
659.748.6
553.407.1
552.796.7

7,194,1 130,685,1 0.120,9
0,744,5 127.021,6 6.069.0

97.859.7
80.986.7

64.042.9 149,770,5 6.383.3 5 ,8 7 1 ,0 93,612, e 6.104.0 80.887.8
2 0 .0 3 4 .5
2 ,4 7 5 ,5
M a v 2 0 ___
35.793.7 102,875,0
2 1 .9 0 6 .0
28.332.0
102.414.0 3.581.0 76,471,5
35.793.7 102,795,0
“ 2 7 ...
101.955.0 3.594.0 69.231.4
3 .9 0 2 .8
28.484.0
4 .0 6 1 .0 June 3___ 35.793.7 102,666,Oj
102.047.0 3.574.0 70.613.5
27.984.0
1 .8 3 5 .8
2 .8
3 0 ,0
* W e omit two ciphers in all these figures. + I n c lu d in g , f o r B o s t o n a n d P h lla
1 .2 3 0 .3
d e lp h ia , t h e i t e m “ d u e t o o t h e r b a n k s .”
2 .7 4 7 .4
1.905.3

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.

.5 4 9 ,7
2 .5 1 4 .1
1 .0
5 ,01 4 .1 1 7 .0
2 .2 8 5 .3
1 3 .0
i 2 ,3 M l s c e l l u n e o i i H B o n d * * .
Ch, Jun.cfc S. Y d s.—C ol.t.g ,5s
5 -4 ,8
4 .6 1 9 .3

1,015,2

A sk.

98
••••«!
62
72
99
105 »*
90
6 9% 7 1 %

New York City, Boston and Philadelphia Banks:
IS
Ba

Capital S urplus

A sk.

N ew Y o r k —6s, lo a n ___ ..........1893 101
S.C. (co n t.)—B ro w n c o n s o l.6 s .1 8 9 3
........... J & J
30
T e n n e ss e e —6s, o l d ..........189 2 -1 89 8
..........190 0
10
C o m p ro m ise , 3 -4 -5 -6 s............ 1912
15
1 8 9 2 1 898
N ew se ttle m e n t, 6 s ................1 913
2
C hatham R R ...............
5
5 s ................................................... 1913
2
5
S p ecia l ta x , ( lass I . .
3 s ................................................... 1913
102
C on solid a ted 4 s ........... ..........1910
97
V ir g in ia —6s, o l d ................................
127
6s, c o n so lid a te d b o n d s ...................
6 s . .................................... ......... 1919 1 2 0
R hod e Isla n d —6s, c o u .. 1 8 9 3 -1 8 9 4 100
6s, co n so lid a te d , 2d s eries, re c ts .
South C arolin a—6s, n o n -fu n d . 1888
213
68, d e fe rre d t’ s t r e c ’ts, s ta m p e d .
Iks

7.348.9

M i s c e l la n e o u s B o n d s.
P eople’ s Gas & C. \ 1st g. 6s.
Co., Chicago ... > 'd g. 6s.
Pleas. Valley C oal-1 st g 6s.
*100 b. P rocter & Gamble— 1st g. 0s
* 85 a. Sunday Crr-ek C* al l s t g 6s..
W estern Union Teleg. - * .
W heel.L E A P .C oal l s t g 5s
89%b.
U n lis t e d B o n d HO a .1 Ala. & V ick s.—Consol. 5s, g.
Vicks. & Merid Isi 6s .......
* 9o b.
105 b. A tla n ta <fc Chari.—1st 7s___
Comstock T un nel—Inc. 4 s ..
00 a. Georgia Pacific—1st 6s g __
*106 b.
N a t io n a l S t a r c h M f g . — 1st 6 s .
Consol. 5s, g .........................
92 b
N orthwestern Telegraph—7s.
Peoria W ater Co —6s, g ........ * a00 b. Mem.&Charleston—Con. 7 g
C olorado Fuel—Gen. 6s..........
Col. & H ock. Co;il & I. - 6s, g
C onsol’n Coal—Convert. 6 s ...
Cons.Gas Co .Chic.—1st gu. 5s
D euv. C. W at.W ks —Gen.g.Ss
D t. Gas con. 1st o s.................
E st R iv e r Gas si g. 5s------Edison E lec. 111. Co. —1st 5s .
E quitable G. & F.—1st 0s___
H enderson Bridge -1 st g. 6s.
H oboken Land <fc Im p.—g. 5s
Mich.-Penin. Car 1st 5s, g ...
Mutual Union T eleg.—6s. g ..

7 2 2 .7
3 .5 2 6 .3
1 .1 1 3 .4
1 0 ,3 3 6 ,4
7 4 2 .5
6 ,2 0 4 , 1
4 80,
2 .9 3 9 .5
6 .'5 ,6
4.700.9
1.4
1,4l 4 ,8 o l,2
3 6 1 .9
2.051.0
47*2,5
3 .0 6 4 .9
3 3 8 .0
2.864.2
7->4,l
4 .4 5 8 .0
410, t
2 .4 1 0 .4
3 .3 2 7 .0
5 2 8 .0
8 9 7 .0
7 .6 6 0 .7
4 6 0 .6
4 .3 0 9 .3
6f 4 ,6
2 . 18 2 .0
3 .7 9 3 .0 2 1 .7 3 2 .0
N o t e .— “ i>” i n d i
2 .5 1 8 .0 24,7«6,*2
25 ,
I /O 6.6
7 6 3 .9 1 6 , 7 3 : , 5
1 .3 6 8 .0
8 .1 9 8 .0
BANKS.
Bid.
8 9.0
6 . 15 5 .0
6 7 2 .4
3.4
2 ■',0
205
3 .2 1 5 .0
1 7 .7 6 3 .6
3 1 ,4
5 .5 0 6 .9
B o w e rv ........ 300
2 2 8 ,2
1 .3 6 1 .5
B ro a d w a y ... 255
4 2 9 .0
3 .3 6 3 .0
B utchs’ &Dr. 180
10-S2
3 .6 3 9 .3
C e n tra l....... 135
3 3.0
2 .5 0 1 .0
450
9 b 3 9 1 3 ,0 9 6 ,9
Chatham......
5 5 . ,2
6 .0 8 3 .8
C
hem
ical___
4000
6 3 9 .8
3 .3 1 7 .9
C it y ............. 400
5 b * .8
3 .5 1 1 .6
Citizens’ ....... 150
5 3 7 .7
6 .0 1 5 .3
C olu m bia... 275
9 9 3 .2
6 ,lu 3 ,9
C om m erce... 190
31-1,8
5 ,< 0 1 ,0
132
190 .1
2 .0 4 5 .0
C om E xch .. 250
6 3 0 .1
5 .7 4 2 .4
1 8 7 .0
2 .4 7 0 .0
145
7 3 4 .0
4 .2 9 5 .0 1 1th W a r d ...
121.0
1 .5 2 0 .0 F ifth A v e .... 2000
8 0 7 .3
9 .3 0 7 .1
F ifth ..............
1 6 0 .8
4 ,7 2 6 ,0
F irst....... .. *2500
3 7 7 ,7
2 ,3 7 8 ,8 F irst N., S. I.
10

.416.1)90,2 70,:66.4 58,693,9431,411,2

.....
......

at.es p r i c e bid ; " a ” p r i c e asked.

* L a te s t p r ice

ICO a.
* 95 %b.
107 b.
1 )2%b.
70 b.

12 8.
x89 b.
46

a.

this week

Bank Stock List.—Latest prices of bank stocks this week

14th S treet.. 175
Fon~fb .« .......

Ask.

B AN K S.

2 5
150
Get man A m .
3^5
262% German E x..
200
G erm ania__
G reenwich ..
«00
4S00

H um. R iver..
Iin. & Trad’ s’

165

Leather M fs’
L in co ln .........
M anhattan..

192
275

Bid.
300
400
120
3 *0
330
150
330
150
590
150
225
450
185

M ehacuics’ .. 170
170

155
M erch’ ts Ex. 128

202

Mt. M o rn s..
Murray Hill 3C0
\assau..........
New Y o r k ...

Ask.
320

025
175
240
240

B A N K S.
N. Y . Co’ nty
N .Y . Vat. E l
Ninth.
...
19th W ard..
N. Am erica.
Oriental ...
Park.............
People’ s ...

Bid.
630
125
114
190
100
240
180

120
Produce Ex. 132
R epublic___
Seaboard . . . 176

Seventh ... 130
178
230
130
152%
110
140
Stateof V.Y. 112
500
105
Tradesm ’n’ s 110
Un’ d States
163
W estern .. 112
230
Wes*
_ 225

Ask
*
124
175
250
305
140
180

154
115
•14
220
114

THE CHRONICLE.

J une 10, 1893.]

9(57

BOSTON, PHILADELPHIA AND BALTIMORE STOCK SXCHANHES.
H T S h are P ric e s — n o t P e r C e n tn m P ric e * •

A c t iv e 8 t o c k s .
f I n d ic a te s u n lis ted .
A to li. T. & 8. F e (B o s to n ). 100
A tla n t ic & P a o.
44
100
B a ltim o r e & O h io ( B a lt J .100
1 st p re fe rr e d
44
100
2d p re fe rr e d
“
100
B a ltim o r e T ra c’n . (\PAiLL 25
B o s to n & A lb a n y f B o s to n ). 100
B o sto n & L o w e ll
44
100
B o sto n & M a in e
“
100
C e n tra l o f M ass.
“
100
P re fe r re d
44
100
O h io.B u r.& Q u in .
44
100
C hic. M il. & 8 t. P . (P h il.). 100
C hic. & W . M ich . (B o s to n ). 100
C lev e. & C an ton
“
100
P re fe r r e d ___
44
100
F itch b u rg p r e f.
44
100
H u n t. & B r. T op . (P h ila ) . 50
P re fe r re d
44
50
L e h ig h V a lle y
44
50
M a l t ) C en tra l (B o s to n ). 100
M e tro p o lita n T ra c. ( P h il). 100
M e x ica n C en t’Jf. B osto n ). 100
N. Y . & N . E n g.
44
100
P re fe r r e d ___
44
100
N o rth e rn C en tra l (B a lt .). 50
N orth ern P a ciflo (P h ila .) .1 0 0
P re fe r re d
“
100
O ld C o lo n y .. . . (B o sto n ) . 100
P e n n s y lv a n ia .. (P h ila .). 50
P h ila d e l. & E rie .
“
50
P h ila . & R e a d in g
44
50
P h ila d elp h ia T rao. 44
50
S u m m it B ra n ch (B o s to n ). 50
U n ion P a cific
“
100
U n ited Cos. o f N . J. (P h ila .) 100
W estern N .Y M P d ,( P h ila .) . 100
M is c e lla n e o u s S to c k s .
A m .S u g’ rR efln .fl (B o s to n )___
P re fe r re d ..........
44
B eH T e le p h o n e ..
*•
100
B ost. & M on ta n a
44
25
B u tte & B o s t o n ..
44
25
C alu m et & H e c la
44
25
C an ton C o ............ (B a lt .). 100
C o n so lid a ted G a s
44
100
E rie T e le p h o n e (B o s to n ). 100
G en era l E le c tr ic .. 44
100
P re fe r re d ............
44
100
L a m so n S tore Ser. 44
50
L e h i’ h C o a l& N a v . 'P h il.) 50
N .E n g . T e lep h on e <B osV n ) 100
N orth A m e r ic a n . (P h il.). 100
W e st E n d L a n d .. (B o sV n )___
* B id an d ask ed p rices;

S atu rd a y ,
J u n e 3.
24
s
70

24=8
3
70

*

24*
3
67
'1 1 7 *

120
21
21
19%
211
211
‘ 188
*184%
*
163
163
15
14
15
k
__ 52
49
85%
8 4 * 85*4
67%
66* 67*
*29*
*
*4
*14
*14
84% 84>, *
*35
*35
50
50
50
47
47*
47
*120
98
9 9 ia 99%
8
8
7%
21*
2 2 * 23%
66
65
66
*13* 13*
3 3 * 33%
187
187
50*
50
26
"2 5
8%
83s
9 8 * 98*,
*6
2 7 * 27%
223
223
*4*
4%
85% 87%
8531 86%
19 L 192
21
21
6 7o
6%
290
*285
K
70
*
57
*44
45
67* 72*
*89 ICO
*
18*
51
51%
*56
8*
8*
13*2 1 3 *
n o sa le w a s
B id .

in a c tiv e S to c k s .

Prices o f J u n e 9.
A tla n ta & C h a rlo tte (B alt.) .1 0 0
B o sto n & P ro v id e n ce (B oston ) .1 0 0 2 50
21*
O am den <feAtantic p f. (Phila.) 50
O a ta w issa .........................
44
50
1 st p r e fe r r e d ..........
44
51
50
2d p r e fe r r e d ............
44
50
u e n tr a l O h io ...............
(B all.) . 50
100
C hari. CoL & A u g u sta
44
C o n n e cticu t & P a ss . (Boston) .1 0 0
C o n n e cticu t R iv e r .. .
44
100 2 25
D e la w a re & B ou n d B r . (Phila.) .1 0 0
F lin t & P e re M a r q ... (B oston) .1 0 0
P r e f e i r e d . ....................
“ 100
38*
H a r.P o r ts .M t.J o y & L . (Phila.) 50
K an. (Jy F t. 8 . & M em . (Boston) .1 0 0
P r e fe r r e d ...................
100
100
K . C ity M em . & B ir m .
L ittle S c h u y lk ill........ (Phila.) . 50
M a n ch ester & L a w .. (Boston) 100
M aryland C en tra l___
(Balt.]) 50
M ine HiU & 8. H a v en (P hila.) . 50
67
50
N esq u eh on in g V a l___
44
51*
N orth ern N . H ...............(Boston) .1 0 0
80*
N orth P e n n sy lv a n ia . (P hila.) . 50
O regon S h ort L in e . . . (B oston ) 100
12*
P en n sy lv a n ia & N. W . (P h ila .;) 50
R u tla n d ...........................(B oston) .1 0 0
P re fe r r e d ..................
100
S eab oa rd & R o a n o k e . (B alt.) 100
1 st p r e fe r r e d .............
4*
100
W est E n d ....................... (Boston) 50
56
P re fe r re d ...................
44
50
79*
W est J e r s e y ................... (P hila .) 5 0
W est J e rs e y & A tla n .
44
50
18
W estern M a ry la n d ..
(B alt.) . 50
Wilm. C ol. & A u g u sta
44
100
W ilm ingt’ n A W eld on
44
100
W isconsin C e n t r a l... (B oston). 100
8*
P re fe r re d ..................
44
100
W o r c ’st.N a sh .& R oeh .
44
100
M ISCELLAN EO US.

A llo n e z M in in g ......... (Boston)
A tla n tic M in in g ..........
44
C ity P a ssen g er R R . . . (B a lt.)
B a y S tate G a s............. (Boston)
B o sto n L a n d ...............
44
C entennial M in in g ...
44
F o r t W ay n e E le c tr ic ^
44
Yranklin M in in g ........
44
P ren chm ’ n ’s B a y L ’ n d
44
H u ron M in in g .............
44
I llin o is S t e e l .............
44
K e a rs a rg e M in in g ___
44
M orris Canal gu ar. 4 . (Phila.)
P re fe rred guar. 1 0 .
44
O s ce o la M in in g ........... (Boston)
Pnllm aD P a la ce C a r ..
44
Q a in c y M in in g ............
44
T a m a ra ck M in in g ___
44
T h om .E a rop .E .W eld lJ
44
U n ite d Gas Im p t.
(P h il,)..
W a te r P o w e r ............... ( boston's
II E n listed .

M onday,
J u n e 5.

25
25
25
50
10
10
25
25
5
25
100
25
100
100
25
100
25
25
100
TOO

$ A n d a ce iu e d

12*
32
186
50
26
8%
9 7%
6*
27*
223
4%

2 4%
3
67%

T uesday,
J u n e 6.
24*
*2%
68

25%
3
71

120
20%
20% 21
212
*210 2 1 1 *
186% x l 86 186
163
163
164
14
14
14
49*
49
50
86%
85% 86%
68%
07% 68%
5
843s
36
50
4 7%

*4
*14
84
*35*
50
47

W ed n esd a y ,
J u n e 7.

34
50*
47%

23%
*2*
71

25*
3
71

23*
2%
73%

25%
2%
74

120
21
21
*210 211
*
186
*161
14
14
" 4 9 * 51
85% 86%
6 7% 68%
*4
*14
83%
34*
47

47*

TOO

98%
9 9 * 100
98 1 0 0
8%
8
8%
7%
7%
22
23*
2 2* 22*
23*
67
65
66
6 5 * 65 *
69
69
69
13*
1 3 * 13%
1 2 * 12%
34*
32% 3 3%
32% 3 3 *
1S6
186
186
186
187%
50*
50
5 0%
5 0 * 50%
26
26
26
8%
8%
9%
8%
8%
98
97
97
97% 97%
*6
8
6 7e
27%
28% 28%
29
29
2 2 3 * *223*
*223*
4%
4%
4%
4%
4%

In a c t iv e s t o c k s .

R a n g e o f sales In 1393.
L o w e s t.

H igh est.

4%

36*
4*
97*
135
122
29*
2 27
200
178
22*
62*
103*
83*
49*
6
19*
95
40*
56
62
130
150*
13
52
1 02
70*
18*
50*
2 21
55*
35
26*
142*
9*
42*
232*
7*

Jan.
Jan.
Jan.
F eb .
Jau.
Jan.
F eb.
F eb .
Jan.
F eb.
F eb .
Jan .
Jan.
F eb .
F eb.
F eb .
F eb .
Jan.
Jan.
Jan.
F eb.
Jan.
Jan.
Jan.
Jan.
J an .
F eb.
F eb .
F eb .
Jan.
Jan.
Jan.
F eb .
A p r.
Jan.
M ar.
Jan.

16
14
27
13
18
24
6
6
26
14
14
21
23
3
3
3
6
12
ft
27
6
28
16
17
13
23
6
6
6
27
16
26
8
12
27
13
24

8 7% 88%
87
86
88
88
86
86
190
189
189
169
21
21*
21* 22*
6
6%
6%
6*
289
289 *235 2 9 0
*55
60
54
54
54^
55
4 5 * 4 5 * *44
45*
6 9 * 7L*
7 1 * 72%
90
90
90
90
16*
16* 16*
51* 51*
51
51*
58
57%
58
*8
*8*
13* 13*
1 3 * 13%

13,346 6 9
M ay
416 70 M a y
844 180 M a y
1,632 1 9 * M a y
1,773
6 June
53 2 8 5 M ay
65 M a y
2,387 5 4 J u n e
7 433s A p r.
M ay
12,706 6 0
186 8 0 M ay
237 i 5 * J a u .
573 5 0 M ay
1 55
M ar.
8 M ay
30i
7 12 123a M a y

5
5
13
15
7
5
22
8
12
5
29
3
16
8
11
15

134*
104*
2 12
34*
12
320
72*
65
50*
114*
119
26*
543s
61*
11*
18

F eb .
J an .
Jan.
Jan.
J an .
J an .
Jan.
A p r.
J an .
Jan.
Jan.
F eb .
F eb .
Jan.
Jan.
J an.

6
19
27
1C
17
21
18
10
16
16
18
20
2
20
28
4

22*
21
210 210
186 186
163
163
14% 14%
*49
51
86% 87%
68%
68
*14
*83
35*
50*
46%
‘ 121
105%
■7%
21*
65
67*
12%
33
187
50*
26 Lo

2 4 * 25%
2%
2%
7 5 % 75%
*130
*118
122
22% 23
210
210
186
186
* 1 64
13% 14
49* 49*
86% 87%
68% 69%

Sales
o f the
W eek,
Shares.

15
8
0
13
18
5
3
10
29
9
3
13
15
29
7
11
5
21
21
20
1
2
15
1
1
8
15
5
16
2
12
31
2
27
3
2
31

*4
84

F rid a y ,
J udo 9.

31,824! 2 3 * M ay
5541
Juno
279 G8 J u n o
Feb
Jao.
4 .2 6 0 1 1 9 * J u n o
39
Jan.
44
M ay
A p r.
975 133s J u n o
335 4G J a n .
10,7 32 8 i 7a M ay
12,600 6 6 * M ay
M ay
28
4*4 A p r.
M ay
13
67 8 0
M ay
15 3 3 * F eb .
828 49
F eb.
3 ,6 2 9 4 4 * F eb.
L20 M a y
6 ,0 6 6 98 J u n o
1,590
7*4 M a y
9 ,9 9 4 2 0 * J u n e
623 62 J u n e
15 6 7 * J u u o
3 ,2 8 0 123s M ay
2 0 ,7 0 6 32
Juuo
39 L84 M a y
6 .2 7 7 5 0 J u n e
810 24
M ay
64,1 11
7 78 M a y
1,110 9 7
Juno
100
6 J an .
June
1,075 27
31
June
M ay
1 ,018

*

8 6% 8 7 *
87% 88%
8 7% 88
87
87
87%
88%
86% 88%
192 193
190
190
191% 190
*20* 2 1*
20* 20*
2 0% 2 0 *
7
7
*6*
7
6
6%
290
290
2 8 9 * 2 90
*289 290
*
*
70
70
54% 55
55
55
54% 5 5 *
*45
45
45
45
72
69
71
71
72%
71%
90
90
90
90
90
90
*17
18
1 6 * 17
51
51*
51
51*
51
51
*
*
57% *
58
58
8*
8*
8*
*8*
*8
1 3 * 13%
13% 1 3 *
1 3% 13%
m ade.
A sk.

T h u rsd a y ,
J u n e 8.

5

*4
*14
83

5
83%
36
52
47

35* *
50* *
47
46%
125
108% 109
113
8
7%
7%
22*
21
22*
66
■64
65*
67*
*67
68
12%
13% 13%
33*
3 3 * 35%
187
*184
5 0 * 50%
50%
2 6 * *27
7 % 8%a
104
105
93

97
*6
2 8 * 28%
29
2 24
2 24
*223
*4%
4%
4%

B id . , A sk.

W estin g . E le e tr io — (B o sto n ). 50
2 5 * 27
87*
B o n d s —B o s t o n ,
A t.T o p .& S .F .lO O -y r.f g.,1 9 8 9 , J& J
79*'
22
2 d 2 % -4 s ,g ., C la s s A .,1 9 8 9 , A&O
47*
5
B u rl. & M o. R iv e r E x e m p t 6s, J&
N o n -e x e m p t 6 s ............ 1 91 8 , J& J
51
P la in 4 s .......................... 1910, J& J
C liie. B url. & N or. I s t 5 ,1 9 2 6 , A&O 100
101
2 d m ort. 6 s ................... 1918, J& D
D eb en tu re 6 s ................1896, J& D
100
C hic. B u rl.& Q u in cy 4 s . . 1 922, F & A
I o w a D iv is io n 4 s ........1 91 9 , A & O
C h ic.& W .M ich . gen . 5s, 1 9 2 1 , J& D
93
C on sol, o f V e rm o n t, 5 8 .1 9 1 3 , J& J
95
8 3 * C u rren t R iv e r , 1 st, 5 s ..1 9 2 7 , A&O
D et. L a n s. & N or'n M. 7 s. 1907, J& J flOO
E astern 1st m o rt.6 g . ..1 9 0 6 ,M&S
I ree.E lk . & M. V „ 1st, 6s. 1933, A & O i i 9 *
U n sta m p ed 1st, 6 s ----- 1 9 3 3 , A&O
119
K .C .C .& S p rin g ., 1st, 5 g .,1925, A&O
75
K C. F .S . & M. c o n . 6s, 1 92 8 , M&N
98*
K.C. M em . & B ir .,1 st,5 s,1927, M&8
K.
C. St. J o . & C . B ., 7 s . .1 9 0 7 , J& J
L. R o c k & F t, 8 ., 1st, 7 s .. 1 905, J&J
L ou is., E v.& S t.L ., 1st, 6g. 1926, A & O
2 m ., 5—6 g ...................1 93 6 , A & O
14
5 0 I M ar. H . & O u t., 6 s ........1 925, A&O
3*
E xtern 6 s ...................... 1 92 3 , J& D
M ex ica n C en tra l, 4 g . . . 1 91 1 , J&J
57
57*
1 st co n s o l.in c o m e s , 3 g , non-cum .
15
2 d c o n so l, in co m e s , 3s, n on -cu m .
8
8*
N. Y . & N .E n g ,, 1st, 7 s, 1905, J & j
117
l s t m o r t . 6 s ................... 1 90 5 , J& J
80
110
2 d m ort. 6 s ................... 1 90 2 , F & A
57
97
O gden. & L.C ., C om b 's.. .1 9 2 0.A & O
I n c . 6 s ......................................... 1920
R u tla n d , 1 st, 6 s ............. 1 90 2 , M&N
2 d, 5 s ..............................1 8 9 8 ,F& A

29*

Bonds.

| B id . A sk.

P e rk io m e n , 1 st s e r .,5 s . 1 91 8 , G—J
P n ila .& E rie gen . M. 5 g .,1 9 2 0 , A&O 113
G en. m o rt., 4 g ........... 1 92 0 , A & O
P h ila & R ead , n e w 4 g., 1958, J& J
6 9%
32*
1 st p re f. in co m e . 5 g , 1 958, F e b 1
23
2d p re f. in co m e , 5 g, 1 95 8 , F eb. 1
16=*
3 d p re f. in co m e , 5 g , 1 95 8 . F e b . 1
2 d , 7 s ...............................1 89 3 , A&O 1 0 2 *
C on sol, m o rt. 7 s ..........1911, J& D 124
C on sol, m o rt. 6 g ..........1 91 1 , J& D
I m p r o v e m e n tM . 6 g ., 1897, A &O
C on. M .,5 g .,s ta m p e d ,1 9 2 2 ,M&N ..........
P h il. R ea d . & N. E. 4 s . , .........1942
In co m e s , series a ..................1952
P h il. W ilm . & B alt., 4 s . 1917, A&O
P itts. C. & St. 1m, 7 s . . . . 1 90 0 , F&A
P o ’k eep sie B rid g e , 6 g .1 9 3 6 , F& A
S ch u y l.R .E .S id e .ls t 5 g.1 9 3 5 , J & D
Steuben. & I n d ., 1 s t m . ,5s. 1914, J &J
U n ited N . J ., 6 g ............. 1 89 4 , A&O
W arren & F rank., 1st,7 s ,1 8 9 6 ,F& A
B o n d s . — B a l t i m o r e . ___
A tla n ta & C h a ri., 1st 7s, 1 907, J&J

69*
33
23*
16%
126
118
103
..........

........
i i s " 115*
106
108
107% 108
102
io 6
115% 1 16%
102
99
101

B a ltim o re B elt, 1st, o s . 1990, M&N
98
B a ltim o re & O hio 4 g ., 1 93 5 , A & O 100
P itts. & C onn., 5 g . . . l 9 2 5 , F & A
S taten Isla n d , 2 d, 5 g .1 9 2 6 , J& J
B al.& O hio S. W .,1 st,4 * g . 1 990, J&J 1C6
C a p e F .& Y a d .,S e r.A .,6 g .l9 L 6 , J& D
Series B ., 6 g ..................1916, J & D
S eries C., 6 g ................. 1 91 6 , J& D,
Cent* O h io, 4 * g ............. 1 93 0 , M&S
C hari. C ol.& A u g. 1st 7 8 .1 8 9 5 , J&J 101
G a. Car. & N or. 1st 5 g . . l 9 2 9 , J&J
96*
N orth . C ent. 6 s ..................1900, J& J 113
6 s ........................................1 9 0 4 , J & J 114
Series A , 5 s .................... 1926, J& J 110
4 * s ................................ 1 925, A & O
100
A U egken y V a l^ 7 y ^ O s I lS iib , J&J 108
109
P ie d m .& C u m .,ls t , 5 g . 1 91 1 . F & A
A tla n tic C ity 1st 5s, g ., 1 919, M&N
102
P itts. & C onnells. 1st 7 s . 1898, J & J 110
B elv id ere D el., 1 s t ,6 s .. 1 90 2 , J& D
O ataw issa, M ., 7 s ......... 1 90 0 , F& A
•40
•50
1 1 5 * V irgin ia M id ., 1st 6 s . . .1 9 0 6 , M&S n o
2 d S eries, 6 s ...................1911 M&S n o
C learfield & J eff., 1st, 6 s. 1927, J& J
6*
118*
3 d S eries, 6 s .................1916, M&S 105
C on n ectin g . 6 s ......... 1 9 0 0 -0 4 , M&S
90
85
4 th S eries, 3 -4-5 s....... 1921, M&S
9% 1 0 * D el. & B ’ d B r’k , 1 st, 7 s. 1905, F & A 1 2 4 * ..........
5 th S eries, 5 9 ............... 1926, M&S
96
E aston & A m . ls t M .,5 s . 1 92 0 , M&N ......... 107
4%
n
E lm ir. & W ilm ., 1st, 6 s. 1910, J & J . 1 1 8 * ’ ........ W e st Va. 0 .& P 1st, 6 g . 1 91 1 , J& J 106
6
W e ft’ *. N.C. C onsol. 6 g .1 9 1 4 , J& J
85
9% H u n t. & B r’d T o p ,C o n .5 s .’ 9 5 ,A & 0 ......... 1 0 1 *
8%
Lehigh N av. 4 * s ............1914, Q—J 108 |......... W ilm . CoL & A u g .. 6 s .. 1910, J& D 114
12
MISCELLANEOUS.
2d 6 s , g o ld ..................... 1897, J& D 110
4
5
110*
B altim ore—C ity H a ll6 s . 1 9 0 0 ,Q—J
G en eral m o rt. 4 * s , g . 1 9 2 4 ,0 —F 103
....
F u n d in g 6 s ..................... 1900, Q—J
Lehigh V a lley, 1st 6 s ... 1898, J& D 1 0 7 * . . ..
W est M aryl’ d R R . 6 s . . 1902, J&J 110
2d 7 s ................................ 1910, M&S ......... 1 3 2 *
6%
7*
W ater 5 s . . . . . . ........... 1 916, M&N
80
C on sol. 6 .........................1923, J& D 1 0 6 * .......
N orth P en n . 1 st, 7 s . . ..1 8 9 6 , M&N ..........108
193
E x ch a n g e 3 * s ........................1930, J&100
J
G en. M. 7 s ....................... 1 90 3 , J& J
26% 2 6 *
V irgin ia (State) 3 s, n e w . 1932, J& J
67
173
P en n sy lv a n ia g e n . 6 s , r ..l9 1 0 , V ar
129
171
'C hesapeak e G a s, 6 s .........1 900, J& D 103
C onsol. 6 s, o
.............1 90 5 , V ar
115
120
110
C ousol. G as, 6 s ..................1910, J& D 1 11 %
C onsol. 5s, r ................... 1919, V ar 1 1 3 * .
138
140
100
C ollat. T r. 4 * g ........... 1913, J& D
IP on itable
6 s .......1 9 1 3 . A & O lu 8
5 9 * 60
Pa. & N. Y . C a n a l,7 8 ...1 9 0 6 ,J& D
Q4
Pa & N. Y . Cl*., con . AA 0 5 s .l9 3 9
B a ltim o re B e lt 5s . . .
......... ........
in terest.
L a st p rice this w eek

106*
91
90*
91
103
97*
1 13 %

1 10 %
112
112
97
107%
90
117

114
118
100*
67%
105
112
101%
109
99

THE CHRONICLE,

9H8

[VOL. L V I

NEW YORK STOCK EXCHANGE PRICES (Continued.)— A C T I V E BO N D S J U N E 9, A N D F O R Y E A R 1S93.
•Ra i l r o a d

and

M

is c b l

. B

on d s.

\Glotfng R a n g e (sa les) in 1893,
7 n f o % ( P ric e \----------------------- \ P m od .'J u n e 9, L ow est.
Highest.

^

nti 7 l 8 t ,c o n ” 7 8 - 1902 M &

* ® s a g « a s s r 8 8 ist

........... . . . . 1 9 9 0
M o . P a o i f l o - i s t , oon., o g .1 9 2 0
......... . ..1 9 0 6
. P a c .o f M o .—1st, e x .,4 g ,1 9 3 8

F A
M &
M A
F A

N o t e .—“ b ” in d ica tes p rice bid ;

an d

Olos’ ng R a n g e (sa les) in 1 89 3 .
M is c e l . B o n d s , I n te r ’st P rice
P eriod. J u n e 9
Lowest.
H ighest

Pao. o f M o.— Sd e x t e n .58.1938 J & J 107%
106% Jan .
M ob ile & O h io—N ew , 6 g . . l 9 2 7 J & D 109
09 J u n e
G en era l m o rtg a g e , 4 s . . .1 9 3 8 M A S 5 5% b . 55 M a y
N ash. Ch. & S t.L .—1st, 7 8 .1 9 1 3 J & J 125 b. 125
Jan .
C on ., 5 g ...............................1928 A & O 103% a. 101% M ay
N. Y . C ent.—D e b t E x t ., 4 s . 1905 M & N 100
9 9 % M ay
1 st, o o u p o n ,7 8 ................ ..1 9 0 3 J & J 122% b. 121% Jan .
D e b e n .,5 s , co u p ., 1 8 8 4 . .1 9 0 4 M A S 106 % b . 106 M ar.
N. Y . A H a rlem —7 s ,r e g .1900 M A N 118
115 M a y
R . W. & O g d .—C on., 5 s . .1 9 2 2 A & O 110 b. 110% M ay
N. Y . Ohio. & St. L .—4 g . . .1 9 3 7 A & O 94% a. 93
M ay
113ia Apr.
N. Y . E le v a te d —7 s ................1906 J & J 109%
109% J u n e
118 M ay
N .Y . L a ck . A W .—l e t , 6 s ..1 9 2 1 J & J* 128% a. 12.1% J u n e
1 0 8 7s Jan.
C o n stru ctio n , 5 s ............ .1 9 2 3 F & A 110% b. 110
Mar.
104 M ay
N .Y .L .E .A W .—I s t ,c o n .,7 g .l9 2 0 M & 8* 132% a. 132 M a y
95 Jan .
L o n g D o c k , 7 a .. . 7 . . . . . . . 1 8 9 3 J & D
101 Jan .
108% Jan.
C on sol., 6 g ....................... 1935 A & O 123 b. 122 Jan .
108 M ar.
2 d c o n s o l., 6 g ................ ..1 9 6 9 J A D 91%
114ia M a y
8 9% June
N. Y . O. A W .—R e f. 4s, g .. 1992 M A 8 8 2% b . 82
M ar.
99% June
C on sol. 1st, 5 g ..................1939 J & D 104 b. 103% J u n e
77ia M ay
N .Y .S us.A W .—l s t r e f . , 5 g .1 9 3 7 J & J 104 b. 105
Jan.
78 >a Jan.
M id lan d o f N . J ., 6 g . .., 1 9 1 0 A A O 1 1 4 b. 113% M a y
77 Jan .
N orf. & S outh.— 1st, 5 g . . . l 9 4 1 M A N 9 8 a. 93
June
117ia M ar.
N orf. & W.—100 -year, 5 g .1 9 9 0 J & J
98 >a M a y
81% M ay
M d. A W ash. D l v .- l s t ,5 g.1941 J & J 8 5 a. 84% A p r.
100 M a y
N orth .P a c.—l s t ,c o u p .,6 g .l 9 2 1 J & J 116 b. 115 M a y
90ia M ay
G en era l, 2 d, co u p ., 6 g . . l 9 3 3 A & O 109
85 M a y
109 J u n e
G en era l, 3 d, c o u p ., 6 g . . l 9 3 7 J & D 101%
101% J u n e
1133a Jan .
C onsol, m o rt., 5 g .............. 1989 J & D 64
118 M a y
58
M ay
Chio. A N . P .— 1st, 5 g . . . 1 940 A A O 69
66 Jxxne
9 7 M ay
N orth. P a o. & M o n .—6 g . . . 1938 M A 8 7 9% a , 7 9 % M ay
95 M a y
N orth. P a o . T er. C o.—6 g .,1 9 3 3 J & J
35 M a y
100
Jan .
O b io A M iss .—C ons. s .f.,7 s . 1898 J & JI108 b 108% Jxxne
84 June
1 25 Feb.
C o n so l., 7 8 ...........................1898 J A J I108
108
June
113 A p r.
O hio S ou th ern —1st, 6 g . . . l 9 2 1 J & DI105 a 105% M a y
I ll
M ay
G en era l m o rt., 4 g ........... 1921 M & N 5 0 b
50 J u n e
Om aha & S t.L o u is —4 g . . . l 9 3 7 J & J l ............. 60
F eb.
O regon Im p . Co. - 1 s t , 6 g .1 9 1 0 J A D 9 7 b
99 J u n e
C o n so l., 5 g ......................... 1 939 A & 0| 5 2
48% M ay
O r e .B .A N a v .C o .—1st, 6 g . 1909 J A J * lU 0 % a , 108 Jan .
Con801.,5 g ........................... 1925 J & D * 86% b
88 Jan .
Pa. C o.—4 % g ., c o u p o n ....1 9 2 1
& J 109
106 Jan .
P eo. D e e .A E v a n s v .—6 g .,1 9 2 0
A J 103 b. 100% M a y
E v a n s v ille D iv ., 6 g ___ 1920 I M & 8 9 6 a. 98
M ay
2 d m o r t .,5 g ....................... 1926 M A N * 6 7 a. 65
A p r.
Phila. A R e a d .—G e n ., 4 g .1 9 5 8! J & J 69%
67 34 J u n e
1st p re f. in co m e , 5 g ........1958
F eb.
32%
32 M ay
2d p ref. in o o m e , 5 g ........ 1958
F eb.
22%
21 M a y
3d p re f. in e o m e , 5 g ........ 1958
F eb.
1 6%
16 M ay
P ittsb u rg A W estern —4 g .1 9 1 7' J A J 86
J an .
81
R ich. A D a n v .—C on ., 6 g .,1 9 1 5>J A J 107
103 J an .
C o n s o l.,5 e ........................... 1936 A A O * 6 5 b. 67 Jan .
R ich. A W .P .T e r.-T ru s t,6 g . 1897 F & A 59x4
56
M ay
Con. 1st & co l. tru s t, 5 g .1 9 1 4 [ M A S
25%
24% Jxxne
Rio G . W estern —1st, 4 g .,1 9 3 9 1 J & J 75%
74 M ay
St. J o . & Gr. Isla n d —6 g . . 19251 a & n 82 b. 86
M ay
St L . & I r o n M t. 1 st e x t. 5 s .'9 7 F A A 101 b. 100% M a y
2 d , 7 g ....................................1897 M A N 103 %b. 104 M ay
C airo A rk . A T e x a s . 7 g . .1 8 9 7' J A D 99
99
Jxxne
G en. R ’ y & la n d g r .,5 g ..l 9 3 1 A A O 83
80 J u n e
St.L. & San F r —6 g .,C l.B .1 9 0 6 I M A N 109 b. 1C9 M a y
6 g., C lass C ....................... 1906 M A N 109 b. 111
M ay
G en era l m o r t., 6 g ............1931 J A J 105 b. 106% Jan.
St. L. So. W est.—1st, 4s, g . . 1989I M A N 63 b. 62% M ay
2 d , 4 s, g „ I n o o m e .............. 1989I J A J 23% a. 22
M ay
S .P .M .A M .—D a k . E x ., 6 g .1 9 1 01 M A N *113 b. 115
M ay
1 st c o n s o l., 6 g ...................1933I J A J 118%
118
M ay
A J* 102 %b. 100 Jan .
do
re d u c e d to 4 % g . .
A D 89 b. 88
M o n ta n a E x te n s io n , 4 g .1 9 3 7
Jan.
A J 7 0 a. 70
San A . A A r a m P .— 1 s t,6 g . 1916
M ay
A J 68 %b. 66
1 st, 6 g ......................... . . . . . 1 9 2 6
Jan.
A A SO a. 8 1 % J u n e
S eattle L .8 .A E ,—1st, gu. 6 .1 9 3 1
Seo’ t y C o r p .(N .C o r d .)ls to o n .6 s M A N
8 0 a. 7 0 M ay
113ia M ay
So. C ar.—1st, 6 g . ,e x o o u p .1 920
*106 a. 105
M ay
63% M ay
So. P a o ., A xiz.—6 g ........ 1 9 0 9 -1 0 J A
98 b. 9 7 A p r.
1 00% Jan .
80. P a cific, C al.— 6 g . . . . 1905-12 A A
113 b. 113
M ay
107 M ay
1 s t ,c o n s o l..g o ld , 5 g ___ 1938 A A
9 4 b. 93
A p r.
63 !a M ay
So. P a cific, N . M .—6 g ..........1911 J
1 03%
103 M a y
8 1i* M a y
T enn .C . I. A R y .—T e n .D ., 1st, 6g A A
80 M ay
84 Jan.
B irm . D iv ., 6 g ....................1 9 1 ? J A
83 b. 83
June
99% Jan.
T ex. A P a o .—1st, 5 g ........... 2000 J A
72
7 1 % June
78 J u n e
2 d , in o o m e , 5 g ....................2 000 M areb. 19
17% M ay
1081* Jan.
T ol. A . A . A N. M .—6 g ........ 1924 M A N * 9 0 a. 103 J an
117 Ju n e
T ol. & O h io C en t.—5 g ........ 1935 J A J 105)8
102% M ay
118 J u n e
T ol. P e o . & W e st.—4 g ........ 1917 J A J * 7 5 % b . 7 6
M ay
113ia Feb.
T ol. S t.L . & K a n . C.—6 g . . 1 916 J A D 6 2 b. 6 0% M ay
9 3% Juno
U nion P a o iflc—6 g ................. 1899 J A J 110
109 J an .
108 Ju n e
S in k ln g fu n d . 8 s .................. 1893 M A S 102 % b . 101 M ar.
119 Jan.
C olla t. tru st 4 % ..................1918 M A N
6 8 a. 65
M ar.
108 A p r.
G o ld 6s, co l. tru st n o te s . 1894 F A A
95
M ay
115 J une
K a n . P a e .-D e n . D iv .-6 g .1 8 9 9 M A N 109% b. 109% M ay
8OI4 Jan.
l s t c o n s o l .,6 g ................. 1919 M A N 105 a. 104% Jxxne
9938 M ar.
O re g o n S h ort L in e —6 g . . 1922 F A A 101%
1 00% M ay
103 M ar.
O r.S.L . A U t’ hN .—C on.5 g.1 9 1 9 A A O 66% b. 65% J u n e
9 9 % June
U .P .D e n .A G u lf con . 5 g .1 9 3 9 J A D 67%
66% M ay
87 Ju n e
U n ion E le v a te d —6 g ..........1937 M A N 114 a. 113
M ay
116 Jan.
V lrg in ia M id .—G en. m .,5 s , 1936 M A N
SO
77
Jam
103% J une
do
s ta m p e d g u a r. M A N * 8 2 a. 80% Jan .
W abash—1 st, 0 g ....................1939 M A N 101
- — — 117% M ay
100
M ay
1 0 4 % M ay
2 d m o rtg a g e , 5 g .............. 1 9 3 9 . F A A 7 2 % b . 71 M a y
1 22 % M ay
D e b e n t. M ., series B ........ 1939
J 25 b. 25
June
1 0 4 M ar.
W est Shore—G n ar., 4 s ........2361
A J 100%
9 9 % A p r.
7 73i J u n e
W est. N. Y . A P a .—1st, 5 g .1 9 3 7
A J jl O l b. 102 Jan .
A 43
4 0% M ay
2 d m o rt., 3 g ., 5 s o ................1927
A O 23%
22% J u n e
N * 1 0 1 % b J l0 2
Jxiue
1W est. U n .T e L —Col. t r ., 5 s .1938
A J|103
103
M ar.
N 109 a. 103
M ay
!
W
is.
C
ent.
C
o.—1
st,
5
g
.......1937
M ar.
&
Ji
8
3
a.
87
& 99 a. 1 9 3 % A p r.
In e o m e , 5 g .......................... 1937
......... 1 2 0 b. 25 A p r.
a p rice a sh e d ; tb e R a n ge is m ad e u p fr o m a ctu a l sales o n ly . * L a te s t p r ic e this w eek .

A m er. C otton Oil, d e l ) . , 8 g ,1 90 0 j Q—P
A t.T op .& S .F ,—1 0 0 -y r .,4 g .l9 8 9 J A J
2d ‘J % -4s, g.. Cl. “ A " ___ 1 ? 8 ? A & O
100 -y ear Incom e, 5 sr........1989 Sept.
A tl. & P a s.— G uar, 4 g ----- 1937
W .D . Inc., 6 s .......................1910 J & J
B ro o k l’ n E le vat’ d 1st, 6 , g . 1 92 4 A & 0|115
C an. Sontii.—1st gn ar., 5s 1908 J & J
2 d ,5 s ..................................... 1913 M & S
C ent. G a.—3 & W. 1 st con . 5 s,’ 29
C entral o f N. J .—C o n s .,7 s .1899 Q - J
C onsol., 7 s .......................... 1902 M & N
G en era l m ortg a g e, 5 B ..1 9 8 7 J & J
L ek .A W .B ..corn ,7 s, aBvd . 1900 Q - M
d o. m o r t g a g e e s ..........1912 M A N
A m . D o c k & Im p ., 5 s ----- 1921 J A J
C en tra l P a cific— G o ld ,6 s ..1 8 9 8 J 4 1 *
C h e s . A O h io—M o r t., 6 g .. 1911 A A O
1st e o n s o !.,5 g ....................1939 M A N
G en . 4% s, g ________
1992 M A S
R . A A .D i - J l s t o o n .,2-4 g. 1989 J & J
do
2 d o o n .,4 g ...l9 8 9 J A J
C liic. B n rl. & Q.—C o n .,7 s . 1903 J A J
D e b e n tu re, 5 s ..................... 1913 M A N
C o n ve rtib le 5s....................1903 M A S
D e n v e r D iv is ion , 4 s ........1922 F A A
N ebraska E x te n s io n , 4 s . 1927 M A N
C h ic. A E . 111.—1 st,s.f., 68.1907 J A D
C o n s o l.,6 g .......................... 1934 A A O
G en era l con sol. 1 s t ,5 s ..1 9 3 7 M A N
C h ica g o A E rie—le t , 4-5 g .1 9 8 2 M A N
In co m e , 5 s .......................... 1982 O ot’ b’r
C h ic . G a s L . A C .—l e t , 5 g . 1937 J & J
C hio. Mil. A S t.P .—C on .7 s. 1905 r & j
1 s t ,S ou th w est D iv ., 6 8.1 90 9 r a j
1 st, S o.M in . D iv ., 6 8 ....1 9 1 0 r a J
le t.C h .A P a o .W .D iv ., 5 s . 1921 f & J
Chio. A M o . R iv . D iv ., 5 s. 1926 r a j
W ls. & M inn. D iv ., 5 g . .l 9 2 1 r & j
T erm in a l, 5 g ..................... 1914 r a j
G en . M ., 4 g., series A . . . 1989 r & .1
M il.A N or.—1st, oon ., 6S.1913 r a d
•Chic. A N . W.—C onsol., 7 s . . 1915 Q - F
C ou p on , gold , 7 s ................1902 J A D
S inking fu n d , 6 s ................1929 A & O
S inking la n d , 5 s ................1929 A A
S in king la n d d e b e u .,5 8 .1 9 3 3 M A
2 5-y ea r d e b e n t u r e ,a ... 1909 M A
E x te n s io n , 4 s .....................1926 F A
Chio. P e o . A S t. L o u is —5 g . 1928 M A
C h io .R .I. A P a o .—6s, o o u p . 1917 J A
E x te n s io n and c o l . , o s . ..1 9 3 4 J A
8 0 -y e a r d eb en t. 5s........... 1931 M A S
C hio. St. P . M. A O .—6 s ___ 1930 J A D
C le v e la n d A C anton—5 . . .1 9 1 '’ J A J
C . C. C. A I .—C on sol., 7 g .1 9 1 4 J A D
G en eral con sol., 6 g ........1934 J A J
C .C .C .A St.L.—P e o .A E .4 s .1 9 4 0 A A O
In co m e , 4 b...............
1990 A p ril.
C ol. C oal A Iro n —6 g ......... 1900 F A A
C ol. M idland— Con., 4 g ._ .1 9 4 0 F A A
OoLH. V al. A T ol.—C on.,5 g . 1931 M A S
G en eral, 6 g .........................1904 J A D
D e n v e r A P.io G.—1st, 7 g .1 9 0 0 M A N
l s t e o n e o l ., 4 g ................... 1936 J A J
D e t .B . C ity A A lp en a —6 g . 1913 J A J
D e t.M a c .A M .—L 'd g ra n ts.1 9 1 1 A A O
D n l S o . 8h. A A tl.—5 g ___ 1937 J A J
E .T e n n .V A G .—C o n .,5 g . 1956 M A N
K n o x v ille A Ohio, 6 g . . . l 9 2 5 J A J
E U z. L e x . A B ig S a n .—5 g .1 9 0 2 M A S
P t. W .A D e n v .C i t y —6 g . . 1921 J A D
G a L H .A S ,A n .-M .A P .D .ls t ,5 g. M A N
H a n . A S t. J o s .—Cons., 6 s .1911 M A S
H oxia.A T ex.C — Gen. 4 s ,g .l9 2 1 A & O
I llin o is C entral—4 g ........... 1952 A A O
In t. A G t.N o.—ls t ,6 g . (E x.) 1919 M A N
2 d 4 % -5 s ............................ 1909 M A S
I o w a C entral—1st, 5 g ........1938 J A D
K e n tu c k y C entral—4 g ___ 1987 J A J
K in g s C o. E l,—1 st, 5 g ___ 1925 J A J
L a o le d e G as—1st, 5 g ......... 1919 Q - F
L a k e E rie A W est.—o g ___ 1937 J A J
L . Shore— Con. c p . ,1 s t ,7 s . 1900 J A J
C onsol, c o u p .,2 d ,7 s ........1903 J A D
L o n g I s l d—1 s t ,eon ., 5 g .,1 9 3 1 Q - J *
G en era l m ortga ge, 4 g .,1 9 3 8 J A D
L ords. A N ash,—Cons., 7 s. 1898 A A O
N .O . A M o b . 1 s t ,6 g ........1930
A J
do.
2 d, 6 g ......... 1930
A J
G en era l, 6 g ........................ 1930
A D
U n ified . 4 g .........................1940
A J
N a sh .P l.A S h .—1st gtd .5 g .’37
L ou is. N .A . A Ch.—le t, 6 s. 1910
C on sol., 6 g .........................1916
Louie. St. L. A T e x a s —6 g . 1917 p _
M e tro . E lev a ted —1st, 6 g . 1908*j &
2 d . 6 e „ . . . „ .......................1899 M &
M^

R a il r o a d

to "

114% Jan.
83% Feb.
5 7 % Jan.
5 7 Jan.
71% Jan.
11% Jan.
120% Mar.
107% Feb.
103% Jan.
70% Jan.
116 M ar.
122 F eb.
112% A pr.
110 Jan.
100 A pr.
109% F eb.
109% Jan.
118 Feb.
106 Feb.
8 5% F eb.
8 2 % Feb.
80 Feb.
121% A p r.
102% Jan .
108% Jan.
94% Jan.
8 8 % Jan .
116 A p r.
123% Mar.
103 A p r.
103% Feb.
4 4% Jan.
9 2% Feb.
129 A p r.
114% A p r.
116% Feb.
112 M ay
105 A pr.
108 A pr.
108% A p r.
95 A pr.
115 F eb .
138 Jan.
123 Mar.
115 Feb.
109 Jan.
112 Feb.
106% Mar.
98 Jan.
100 Mar.
125 Jan.
101% Feb.
97% Feb.
123 Mar.
92% A pr.
119 M ay
122% Feb.
7 9 Jan.
26% Jan.
106 Jan.
67 Jan.
94% Jan.
9 9 A p r.
119 Apr.
88 % Feb.
7 4 Jan.
4 0 Jan.
103 A pr.
9 4 A pr.
104% Feb.
101 Feb.
101 A pr.
9 7 % Feb.
117% Feb.
7 0 Jan.
105 Mar.
113 A pr.
72% Feb.
9 0 Feb.
87 A pr.
103% Feb.
87% Jau.
113 Feb.
119 Jan.
122% Jan.
116% Feb.
9 6 Jan.
113 Jan.
123% A p r.
110 Feb.
119% A pr.
8 3 % Feb.
101 Mar.
111 Jau.
109 Jan.
9 8 % Jan.
118% Feb.
108% Feb.
122% A pr.
106% A p r.
127% Jan.
109% Jan.
82% Feb.
5 0 % Jan.
113 Mar.
115% A p r.
102 Jan .

NEW YORK STOCK EXCHANGE PRICES—(Continued).—IN A C T IV E BO ND S— J U N E
S E C U R IT IE S.

Railroad Bonds.
(S tock E xcha nge P rices.)
A la b a m a M kl.—1 st, g., g u a r ..1928
2 d , 4e, Class B ...................... 1989
A .T .A S .F .—Col. M id .1s t,g .,6 s.1936
A tla n tic & * )a n v .—1st g ., 6 s ..1 9 1 7
A tl. A P a o.—2d W. D .,g u . 6 s,. 1907
B a lt. A O h io—1st, 6s, P a rk B .1 9 1 9
_ a » ,g o ld ......... .............. ............1925
* Mo P ile s F fld a T i these a re th e

B id.

A sk.

S E C U R IT IE S .

B ’J £2 -— 3one- m ° r t ., g o ld ,5 s .1 988
W. Ya. A P itts.—1st, g ., 5 s ..1 990
B. A O. S. W ., 1st, g., 4 % s ...l 9 9 0
I M on on . R i v e r ,ls t g .,g . 5 s . -.1 9 1 9
C en t'lO h io R eor.—1st, 4 % s .1 930
103
A k .A Ch. J u n o.—1st,g,5s,gxi.1930
Boat. H . Tun. & W .—D eb . 5 s .1913
B rooklyn E lev a ted —2d, 3 -5S .1915
114
|B ru n sw ick A W ’n - l s t , g. 4s, 1 938
111
Rixfi. R •b . A P itts.—G en .. 5S.1937
la test q u ota tion s m ad e t,hi^ y B9g7

B id .

A sk.

S E C U R IT IE S .

108% Jam
1 15 % A p r
6 3 J am
130 Jam
105 F eb ,
103 Mar.
124 Feb.
108% Jam
119% F eb.
115 F eb.
9 9 % F eb .
111% Jam
131
F eb.
114 J am
1 39 % Jam
1 02 % A p r.
125 F eb .
105 F e b .
8 6 % F eb.
108% Jan .
1 07 % M ar.
120% Mar.
98 J u n e
9 0 Jam
9 1 J am
118 F eb.
115 F eb.
1C8 F eb .
7 4 F eb.
8 0 % Feb.
8 9 % F eb.
104 Feb.
112 F e b .
110% M ar.
109 Jan .
6 4 Jan .
68 Jan .
105
Feb.
67 F eb.
112 M ar.
9 4 % F eb.
110% A p r.
104 M ar.
105 F e b .
72
F eb.
8 5 % Jam
7 6 % Jam
7 0 Jam
6 2 % Jan .
88
A p r.
I ll
F eb .
7 8 % Mar.
8 3 % Feb.
5 2 F eb .
7 8 F eb.
9 6 J am
1 03 % Jam
109 A p r.
104% Mar.
9 0 % J an .
1 14% A pr.
1 1 4 % A p r.
111% Apr.
68
Apr,
28% F eb.
1 19 % A p r.
123 % Mar.
103% A p r.
9 1 Jam
76 M ar.
7 6 M ar.
9 2 % Jam
9 9 A p r.
106 F eb .
100% Jan ,
115 F e b ,
9 7 % Jam
10534 Feb.
95
Feb.
95 % Jam
81 Jam
2 9 % J am
108% Jam
109 A p r,
81 Jam
90% J an .
110% Jam
1 05% F eb.
7 3 % J am
102% J am
1 13% A p r.
1 12 % A p r.
109 J am
8 0 % Jam
7 5 % J an .
1 17% A p r.
86
A nr.
8 6 A p r.
1 0 6 % A p r.
8 2 % Jam
3 9 Jan .
103% F eb.
1 05 F e b .
3 3 J am
1 0 6 J am
9 2 % J am
35 F eb.

9.
B id .

A sk.

B.
R .& P .—R o c k , t P ., 1 st, 6 s . 1 921123
Roclx. ,fc P itts.— Cons. 1st, 6s. 1922
118
Burl C ed. R a p . & N o .— I s t ,5 s .l 9 0 6 100
101
C on sol. & co lla t. t r u s t ,5 s .. . 1 9 3 4
95
100
104%
M inu. & St. L .—1st, 7s, g u ..l 9 2 7
101%
I o w a C . & W est.—1st, 7 s ___ 1909 100
‘ 9 8%
___
C ed. R a p . I . F . A N ., 1st, 63.1920 100
91
1 st, 5 s ..................................... 1921
90
96
C. O h io— Col. & C lu .M .1 st,4% s. 1939
97% 1 0 6 '
Rent. R R . A B an k —Col. e .5 s . 1 937
79 ' 8 l" “

June 10, 1S93.J

THE CHRONICLE.

96i>

NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—f C ontin ued )- JUNE O.
S E C U R IT IE S .

B id .

A sk.

S E C U R IT IE S .

B id .

Ask,

S E C U R IT IE S .

B id.

AflK

N orthern P a cific—(C o n tin u ed .)
:.& T .H .—Mt. V ern o n 1st 6s .1 9 2 3 112
C . R . & B .—Chat. R .& C .,g td .g .l9 3 7
mil. C o. Br. 1st, g .t 5 s ........... 1930 100
S pok an e <fc P a l.— 1st, 6a....... 1936
*30
C ent, o f N. J .—C onv. d eb ., 6 s. 1908
97
E v .& K ich .— 1st g e n .5 s,g .g iL l9 3 1
98
S t.P au l «fc N . P .—G e n ., 6 s . .1 9 2 3
C e n tra l P a cific—G old b d s, 6s, 1 895 105
118
106
111
Kvans.
<
fe
In
d
ia
n
.—
1st,
c
o
n
s
..1
9
2
6
H
elen
a&
R
edM
’
n—1st,g.,
6
s.
1937
G o ld b o n d s, 6 s .........................1 896
Flint & P . M arq.—M ort., 6 s . . . 1920 114
DuluthtfcM anitoba—ls t ,g .6 s l9 3 0 *87
90
G o ld b o n d s, 6 s .........................1 897 *10714
92
97
D u l.& M an D a k .D iv .— IstGs. 1937 —
1st co n . g o ld , 5 s ....................... 1939
San J o a q u in B r., 6 s ................1 900 109
93
94
97
Cceur d ’A le n e —lst,G s, g o ld . 1916
P o r t H u ron — 1st, 5 s .............. 1939
M ort. g o ld 5 s .............................1939 100
99
G en. l s t ,g ., 6 s ...................... 1938
Fla. Cen <fe P en .— 1st g. 5 s . . . .1 9 1 8
L a n d gran t, 5s, g .....................1 900
1st con . g., 5 s ...........................1943 *97*s 99
Cent. W ashington— 1st,g.,Gs. 1938
C. & O. D iv ., e x t., g. 5 s ........1918 107
108
N
o
rfo
lk <fc W est.—G e n e ra l, 6s .1 9 3 1 116
Ft W orth & R . G —l s t g . , 5 s ..1928
64*2 65
W est. P a cific—B on d s, 6 s — 1899
Gal. H ar. <fc San A n t.—1st, 6 s. 1910
N ew R iv e r, 1st, 6 a .................1932
N o. R a ilw a y (C al.)— 1st, 6 s .1 907
9
4
95
Im
p
. & E x t., 6 s........................1934
Gal. II. & S. A .—2d m ort.. 7 s . . 1905
100
5 0 .y e a r 5 s ...............................1938
110
M ex . <fc P a c. D iv ., 2 d 6 s ___ 1931
A d ju s tm e n t M ., 7 s ..................1924
C b e s . <fe O.—P u r. M . fu n d , 6 s .1898
115
E q u ip m e n t, 5s..........................1908
G a. Car. & N or.— 1st, gu. 5 s , g l 9 2 9
6a, g o ld , series A ..................... 1908 i i T
C lin ch V al. 1st 5 s .................. 1957
Ga. So. & F la .—1st, g. 6s......... 1927 *70
87
C ra ig "Valley—1st, g., 5 s — 1 940
R o an ok e& S o.— 1st, gu. 5s, g .1 92 2
100
G ran d R ap . & In d .—Gen. 5 s .. 1924
W arm Spr. V a)., 1st, g. 5 s .. 1941
22
S cio to V al. & N. E .—1 s t ,4s,. 1990
74
G. B . W. & S t. P .—2d in c. tr. re c ts .
C b e s . 0 . & So. W est.— 1st 6s, g .1 9 1 1 107
75
113
O h io <fe M iss—2 d co n so l. 7 s . . . 1911
H ou sa ton ic—Cons, g o ld 5 s ___1937 110
115
2 d , 6 s ...........................................1911
112
S p rin g .D iv .—1 st 7 s .................1 90 5
O b. V .- G e n .c o n .ls t .g u .g ,5 s .l9 3 8
111
N. H a v e n & D erb y , C ons. 5 s..1918
........
120
G en era l 5 s .................................. 1932
H ous. & T . C.—W a co <fc N. 7 s ..1903 105
C h ica g o & A lto n —S. F ., 6s — 1903 115
O h io R iv e r R R .—l e t , 5 s............1 936
118
107
99
1st g ., 5s (int. g t d )..................1937
L ou is. & M o. R iv e r —1st, 78.1900 115
G en . g . , 5 s ................................. 1937
103
85
C ons. g. 6s (int. g t d )............. 1912
2 d , 7 s .......................................1900
O regon <&C a lifo r.—1st, 5s, g .1 9 2 7
100 *e
St. L. J a ck s. <fc C h ic.—I s t ,7 s .l8 9 4 101*4
D eb en t. 6s, p rin . & int. gtd . 1 897
O reg. R y <feNav.—C o l.tr . g ..5 s .l9 1 9 >70 .........
M iss.R . B rid g e—1st, s. f., Cs.1912 103
D eb en t. 4 s, p rin . & int. gtd. 1 897
99hj
Pan. S in k .F ’ d S u b sid y—6s, g. 1 91 0
C hic. B u rl. & N or.— 1st, 5 s ----- 1926
Illin ois C entral—1st, g., 4s ...1 9 5 1 107
•)P eim .-P.C.C<feSt.L.Cn.g.4*2sA1940
1st, g o ld , 3*28...........................1951
D e b e n tu re 6 s ............................1 896
94*2
101*2
Do
do
S eries B .........
C h ic. B u rlin g . <fc Q.—5s, s. f.,1 9 0 1 101%
C airo B rid g e—4 s ..................... 1 95 0 *97*
P.C.<feS.L.-lst,c.,7 s ..................1900
S p rin g!. D iv .—C oup., 6 s ___ 1898 105
I o w a D iv .—Sink, fu n d , 5 s .. 1919 104
106
P itts. Ft. W . <& C.—1st, 7 s ... 1912
S in king f u n d ,4 s ...................1919
M id d le D iv .—R e g ., 5s........... 1921 107
92*4
127*2
C. St. L . & N. O .—T en. 1., 7 s .1897 108
109
2 d , 7 s ......................................1912
P la in , 4 s ..................................... 1921
3(1, 7 s ........................................1912 125
C h ic & In d ia n a C oal— 1st 5 8 .1 9 3 6
1st, c o n s o l., 7 s ...................... 1897 108
109
C lev. <fc P :—Cons., s. fd ., 7 s . 1900 116*2
C h i. M il. & St, P .— 1st,8 s ,P .D .1898 115
l i6
2 d , 6 s .......................................1907
2 d , 7 3 -10 s, P . D .................... 1898 *117
G old , 5s, c o u p o n .................1951 115
G en. 4*28, g ., “ A ” ............. 1942
C h.S t.L .& P .— 1st, co n . 5s, g . .. 1932 1 04
1st, 7 s, $ g . , R . D ..................... 1902 *124
*96
M em p, D iv ., 1st g. 4 s ........1951
St. L .V .& T .H .—1 s t ,6s., 7 s . 1897
D u b . <feS. O —2d D iv ., 7 s . . . 1894 100
1st, I. & M . ,7 s ......................... 1897 *115*4 119
109
2 d , 7 s ........................................1898
93*
Ced. F a lls & M in n —1st, 7s. .1 9 0 7
1st, I. & D . , 7 s ................,. . . . 1 8 9 9 116*2
2 d . gu ar., 7 s ...........................1898 105
In d . D . & S pr.—1st 7s, e x . c p .1 9 0 6
1 st ,C. & M . , 7 s ........................1903 124
G d .R .& I.E x t.— 1st,4*2S,G.g. 1941 101
1st, I. & D . E x te n s io n , 7 s . . .1 9 0 8 124
122*2
103
In d .D .& W .— 1st 5s. g .,t r .r e o ..l9 4 7
|P eo.< feE .-Ind .B .& W .-lst,p f.7s.l900
2 d, 5s, gold , tru st r e c e ip t s .. 1948
1 st, L a C. & D a v ., 5 s .............. 1919 105
O h io tnd.& W .—1st p re f. 5 s .. 1938
126
1st, H . <fe D ., 7 s ....................... 1 910 122
In c. M. b on d s, tru st r e c e ip t s ___
104
P eoria <fc P ek . U n io n —1st, 6s .1921 108
1st, H . & D . , 5 s ....................... 1910 100
Ind. Ills. <fc Io w a .—1st, g, 4 s.. 1939
83
2 d m o rtg ., 4*23........................ 1921
60
C h ica go & P a cific D iv ., 6 s .. 1910 118
Int.& G .N ’n —ls t ,6 s ,g .................1919 *134
70
ICO
L03
K
a
n
a
w
h
a
&
M
ich
.—M
ort.
4
s
.
1990
75
M in eral P o in t D iv . 5 s ........... 1 910
78*4 P itts. C leve. <fe T o l.—1st, 6 s ... 1922
io i”
P itts. & L . E r.—2d g . 5s, “ A ” . 1928
91
C. & L. Sup. D iv ., 5 s ............. 1921 105*2 107*2 K ings C o .-F .E l.,ls t,5 ,g .,g u .A .1 9 2 9 *
101
P itts. M e, K . & Y .—1st 6s....... 1932
F a rg o & S outh., 6s, A s s u .. .l 9 2 4 110
L ake E rie & W est.—2d g ., 5 s . 1941
P itts. P a in sv . <fe F .—1st, 5 s . . . 1916
I n c . co n v . sink, fu n d , 5 s ___ 1916
L. S. <fc M. S o.—B .& E .—N ew 7 s .’ 98 110
404*2
P itts. Shell. <fe L. E .—ls t ,g .,5 s . 1940
D a k o ta & G t. S outh., 5 s — 1916
106
D et. M. <fc T —1st, 7 s ............. 1 906 *115
L a k e Shore—D iv . b on d s, 7 s . 1899 112
83
P itts. <fe W est —M. 5s, g 1891-1941
M il. & N or. m ain lin e—6 s . .. 1 910 110
116
K al. A ll. & G. R .—l s t g u . 53.1938
P itts .Y ’ g s t’ u<feA.—1st, 5 s,co n . 1927
© h ic.& N .W .—3 0 y e a r deb. 5s, 1921 1 0 4
L06
P res. & A riz. C ent.—1st, 6s, g .1 9 1 6
M ahon’ g C oal R R .—1st, 5 s . 1934 *105
E sca n a b a <fc L. S. 1st, 6 s — 1901
L eh ig h V .,N .Y .—1st gu .g .4*23.1940
D e s M . & M in n .—1st, 7 s . . . . 1907
1 0 1 78 ; 2 d in co m e 6 s .............................1916
83
L eh igh V .T erm .—1st gu. 5s,g. 1941 *
I o w a M id lan d —1st, 8 s ..........1900
|R ich . <fe D a u v.—D e b e n tu re 6 s . 1927
90
110
P en in su la —1st, c o n v ., 7 s . . . 1898 120
E q u ip . M. s. f ., g ., 5 s .............. 1909 *77
85
L itch f. Car. A W est.—1st 6a. g . 1916
95
A tl. <fe C har.—1st, p r e f., 7 s .. 1897
C hic. & M ilw a u kee— 1st, 7 s. 1898 113
L on g Isla n d —1st, 7 s ................. 1898
116
W in. & St. P .—2 d, 7 s ............. 1907
do.
In co m e , 6 s — 1900 *95
N. Y . <fe R ’ w a y B .—l s t , g . 5 s. 1927 ■'100
W ash.O .& W .—ls t ,4 s ,g u .c y .,1 9 2 4
M il. & M a d .—1st, 6 s ............. 1905
2 d m o rtg ., i n c ...................... 1927
37^
R io Gr. J u n e .— 1st, gu ., g., 5S.1938
O tt. C. F . & St. P .—1st, 5 s . - 1909 103
N .Y .& M a n .B ea ch .—1st, 7s, 1897 1 0 0
110
R io G rande S o.—1st, g ., 5 s . . . 1940
N orth ern 111.—1st, 5 s ..........1910
N .Y .B .& M .B .—1st con . 5s,g. 1935
103
102
C h .P eo. & S t.L .—C on .1st,g .5 s . 1939
St. J o s. <fc G r. Is.—2 d i u o ......... 1925
B ro o k l’n& M on tauk— ls t ,6 s .l9 1 1
C .R .I .& P .-D .M .& F . D . 1 st 4s. 1905
K a n . C. <&O m aha— 1st, 5 3 .. 1927 *
1st, 5 s ..................................... 1911
72
St. L . A . & T .H —2 d p re f. 7 s .. 1894 *100
1st, 2*2S..................................1905
Louis.Evans.<fe St. L .—C on .5 s. 1939
80
E x te n s io n , 4 s ...................... 1905
2 d m . in c. 7 s .............................. 1894
L ou is. & N ash .—C ecil. B r .7 s ..1907 118
100
K e o k u k <fe D e s M .— 1 s t ,5 s . . 1923
D iv id e n d b o n d s ....................... 1894
101*2
E . H . <fc N ash.—1st 6s, g . . . . l 9 1 9 ‘ 110
P e n s a co la D iv is io n , 6 s ......... 1920 106
C h ica go & St. L ou is—1st, 6 s.. 1915 106
B e lle v . <fc So. 111.—1st, 8 s . . . i 8 9 6
110
n o
C hic. St. P . <fe M inn .—1 s t ,6 s . . .1 9 1 8 118*4
St. L ou is D iv is io n , 1st, 6 s ... 1921 ’ 105
B e lle v . <& Car.—1st, 6 s ........... 1923
110
Clii.8t.L.<fePad.— 1st,gd .g .5 s 1917 ......... ........
St. P a u l & S . C.—1st, 6 s ........1919 120
2 d, 3 s .......................................1980
St. L ou is S o.—1st, gd . g. 43.1 93 1
C hic. & W . I n d .—1st, s. f ., 6 s . 1919
L eb . B ra n ch E x te n s io n . . .1 8 9 3
do
2 d in c o m e ,5 s . 1931
G en era l m o rtg a g e , 6 s ........... 1932
114
N a sh v . & D eca tu r— 1 s t,7 s . . 1900
Car. <&Shawt.—1st g. 4 s -----1932
C hic. & W est M ich .—5 s , ..........1921
8. f.,6 s .—S. & N. A la .............. 1 910
®in H a m . & D .—C on. s. f., 78.1905 117
St. L. <fc S. F .—2d 6s, g ., ol. A . 1906 108
1 0 -4 0 , g o ld , 6 s .........................1 924
112
2 d , go ld , 412s............................1937
E q u ip ., 7 s ...........................
1895 *100
5 0 y ea r 5s, g .,.......................... 1 937 * 9 8 ” 1 0 3 "
Cin. D . & I r ’ n —1st, gu. 5s, g. 1941
G en era l 5 s .................................. 1931
90
95
P en s. <fc A t.— 1st, 6s, g o l d .. . 1921 •100%
C lev . A k . & C ol.—E q. <fc 2 d 68.1930
C ollat. tru st, 5 s, g .................1931
1st, trust, g o ld , 5s............. ...1 9 8 7
1043*
C.C.C.
St. L ., C airo d iv .—4s, 1939
L ou.N .A lb .& C h .—G e n .m .g .5 s.l9 4 0
C onsol, gu ar., 4 s ..................... 1 990 *60
6 2 1a
69*2 71
S t.L o u .D iv .—ls t c o l.t s ’ t4s,g. 1990
M anh attan R y .—C ons. 4 s ....... 1990
K a n . C ity <fc S.—1st, 6s, g . . . l 9 1 6
89
93
953j
91
S p rin g.& C ol.D iv .—ls t ,g . 4s. 1 940
M an ito.S .W .C olon iza ’ n—5s ,g .l9 3 4
F t. S. & V .B .B g . - 1 s t , 6 s . . . 1 910 105
W hite W .V a l.D iv.—1 st,g. 4s. 1940 *85
M em phis & C hari.—6s, g o ld .. 1 92 4
K a n sa s M id lan d —1st, 4s, g .1 9 3 7
Cin. W ab.& M .D iv.— ls t ,g .4 s . 1991
St, P a u l & D u lu th —1st, 5 s — 1931 •105
1st con . T en n lion, 7 s ........... 1915 1 0 0
96
2d m o rtg a g e 5s.........................1917 *
Cin. I. St. L. <fc C.— 1st,g.,4 s. 1936
M ex ica n Cent. C on sol.—4s, g .1 91 1
89
105*2
St. P a u l M inn <fe M .—1st, 7 s . . 1909 111
C on sol , 6 s .................................. 1920 104
1st, con s, in com e 3s, g ......... 1 939
C in.San.& C l.—C o n .ls t,g .5 s , 1928 *105*2
M ex ica n N ation a l—1st, g ., Os. 1927 *99
2 d m o rt., 6 s ................................ 1909 *115*2
M inn eap . U nion—1st, 6 s ___ 1922 116
C l.C ol. C in. & In d .— 1st, 7 s ,s .f.l8 9 9 v110
2 d , in co m e , 6 s, “ A ” ................1917
I M on t, C en.— 1st, gu a r., 6 s .. 1937
C onsol, sink, fu n d , 7 s ........... 1 914
2 d , in co m e , 6s, “ B ” ..............1 917
1st guar. g. 5 s ........................... 1937
i0 2 * i
C lev e. & M ah. V .—G o ld , 5 s . .. 1938
M ich ig a n C entral—6 s ................1909 113
1 E ast. M in n ., 1st d iv . 1st 5 s . 1908 102
C o lu m b ia & G reen .—1st, 6 s . . . 1916
C ou p on , 5 s ..................................1931
114
San
F
ran.
*fe
N.
P
.—1st,
g.,
5s.
1919
*96
2 d , 63........................................... 1926
M ortg a g e 4 s .............................. 1940
102
S outh C a ro lin a —2d, 6 s ........... 1931
D e l. L a ck . & W .— M ort. 7 s . . . . 1907
B at.C .& S trgis.—I s t ,3 s ,g .g u .l9 3 9
In co m e , 6 s ..........- .................... 1931
Syra. B in g. & N . Y .— 1st, 78.1906
Mil. L. S.<feW.—C onv. d eb ., 53.1907 104
So. P a c. C oast—1st, g u a r .,4 s . 1937
M orris <fc E ss e x — 1st, 7 s ___ 1914 1 36
M ich . D iv ., 1st, 6s................... 1 924
137
|
T
er.R
R . A s ’n o f S t,L .-ls t ,4 * « a .l9 3 9
B o n d s, 7 s ................................ 1 900
A sh la n d D iv isio n —1st, 6s ..1 9 2 5
T e x a s C entral—1 s t ,s. f ., 7 s . . . 1909
7s o f 1 8 7 1 .............................. 1901 1 17*
I n co m e s ....................................
100
112
1st
m
o rtga ge , 7 s ..................... 1911
1st, co n ., gu ar., 7 s .............. 1915 130*2 133
Minn.»fc St. L .—1st, g. 7 s ......... 1927 106
[Texas & N e w O rleans—1 st,7 s. 1905
D el. & H ud . C an.— C oup on 7s, 1894 103*2 104
I o w a E x te n s io n , 1st, 7s....... 1909 110
118
Sabine
D iv isio n , 1st, 6 s ........1912 105
P a . D iv ., co u p ., 7 s ..................1917 1353s
2 d m o rtg ., 7 s ............................ 1891 100
T h ird A ven u e (N .Y ).—1st 5s, 193~
112
A lb a n y & S usq.—1st, gu.,7s. 1906
S ou th w est E x t .—1st, 7 s ....... 1910
125
T ol. A . A . <&Cad.—6 s .................191
1 st, co n s ., gu ar., 6 s ..........*1906
90
P a cific E x t .—1st, 6 s ............1 9 2 1 100
116
105
T o le d o A . A . A G ’ d T r.—g. 6s. 1921 *90
R ens. & Sar.—1st, c o u p ., 78.1921 139
Im p r. & eq u ip m en t, 6s......... 1922 1 00
141
116
jTol. A . A . <fe Me. P i.— 6 s........... 1919
92
D e n v e r C ity C able—1st, 6 s . . . 1908
M inn. <fc P a c.— 1st m o rtg ., 5 s. 1936
98
T ol. A. A . & N. M .—5 s, g ......... 1940
D e n v . T ra m w a y —C ons. 6s, g .1 9 1 0
M inn.S t.P.& S.S.M —ls t c .g .4 s .l 9 3 8
M e tro p ol. Ky.—ls t ,g u . g .6 s .l9 1 1
M o.K .& T .—K .C .& P ., 1st, 4s, g. 1990
7 2 »s U lster & D e l.—1st, coii.76.,5s
U nion P acific— 1st, 6a.............
D e n v . <fe R. G .—I m p .,g ., 5 s . ..1 9 2 8
D a l. & W a co—1st, 5s, g u ..,.1 9 4 0
1 06 V ....
107 1108
D u lu th & Iron R a n g e—1st 5s. 1937
M issouri P a cific—T ru st 5 s ...1 9 1 7
90
98
' 1st, 6 s .......................................
I0S
........
3E. T enn . V a. <fc G a.—1st, 7 s . . . 1900 107
1 st c o ll., 5s, g ...........................1920
74
1 07 ns
C olla tera l T ru st, 6 s .............
100
........
D iv is ion a l 5 s .............................1930 102
St L .& I. M .~ A r k .B r .,ls t,7 s .l8 9 5
99
101
1 C olla tera l T ru st, 5 s .............
85
........
1st e x t., g o ld , 5 s ..................... 1937
M ob ile <fc O h io—1st e x t., 6 s ... 1927
45
K ansas P a cific—1st 6 s, g . .
103
........
£ q . <fc Im p ., g ., 5 s ...................... 1938
St. L . <fe C airo—4s, g u a r ........1931 *80
1st, 6 s, g ...............................
’ 103
........
M ob ile <fe B iirn .—1st, g .,5 s .. 1937
M orga n ’ s L a . <fe T .—1st, 6s— 1 920
C. B r. U. 1?.—F. e., 7 s..........
100
A la b a m a C entral— 1st 6 s . ..1 9 1 8 *100
1st, 7 s .......................................... 1918 124
_____
1 905
E rie —1st, e x te n d e d , 7 s ........... 1897 107*2 109
N ash. Chat. <fc St. L .—2 d , 6 s .. 1901
, 87
A tch . J. Co. <fc W .—1st, 6 s ... 1905
N ew O rleans *fc G u lf—1st, 6s .1 9 2 6
.1 80
2 d , e x te n d e d , 5s.......................1919 *111
U. P. L in. <fc C ol,—1 s t,g ., 5s. 1918
N. O. <fe. N o. L . -P r . 1., g ., 6 s.. 1915
3 d, e x te n d e d , 4*ss................... 1923 *105
77
O reg.S .L .<feU .N .,col.trst.,5s.l919
i01*4i
N. Y . C en tra l.—D eb . g. 4 s ----- 1905
4 th , e x te n d e d , 5s..................... 1920 109
iio
U ta h <fc N orth .—1st, 7s......... 1908
5 th , e x te n d e d , 4 s .....................1928 100
N. J. J u n e—G uar. 1st, 4 s . . .1 9 8 6
102
G o ld , 5 s ....... ........................... 1926
1 st, co n ., g., f ’d , 78 ................1920
B eech Creek—1st. go ld , 4 s . .1 9 3 6
U ta h S outhern—G en ., 7 s -..1 9 0 9
99
103
R e o rg ., 1st lien, 6 s ..................1908 *100
Osw . <&R o m e —2 d, 5s, g .,g u .l9 1 5 104*2
107
E x te n ., 1st, 7 s ..................... 1909
U tica & B l. R iv .—4s, g., g u .1 9 22 102
B . N. Y. & E .— 1st, 7 s ........... 1916
98*2
V a lle y R ’ y Co. o f O —Con. 6 s .1921
85
N. Y . N . H . & H .—1st, re g 4 s. 1903
N. Y . L. E . & W .—Col. tr .,63.1922 ..........
W abash—D e b e n tu re , Ser. A . . 1939
N. Y . <fc N orthern—1st, g 5 s. 1 927
F u n d ed co u p ., 5 s ......................1969
” 85
108
No. M issouri—1st, 7 s ........... 1895
2 d, 4 s ........................................... 192
106*2
B uff. <fe 8. W .—M ortg. 6 s . . . . 1908 *100
80
St.L.K.C.cfeN.—R .E .tfeR R .7 s.l39 5 102
J efferson —1st, gu. g . 5 s ___ 1909 *100
93
1 0 4 7a
.... N. Y . Susq. & W est.—2 d, 4 * s s .l9 3 7 *90
8t.Charle9 B r’ g e —1st,6 s .. . 190S
C o a l & R R —6 s ......................... 1922
G en. m o rt., 5s, g ................... 1 940
93
E u re k a S prings— lBt, g., 6 s . . . 1933
6 S h W est. V a. C. <fc P u ts .— 1st, 6 s. 1911
.... N. Y. T e x . <fc M ex.—1st,4 s,g u .1912
W h eel.& L .E .—1st. 5 s, g o l d ...1 9 2 6 ,
E v a n s. & T .H .—1 st,c o n s .,6 s .. 1921 - i i ' f "
N orth’ n P a cific—D iv id ’ d s crip e x t
107
5s....... 1930,
98
1st, gen era l, g ., 5 s ..................1942
J am es R iv e r V a l.—1st, 6 s ... 1936
*9*6* I E x te n s io n <&Im p .

No

o r io e F r id a y ;

these are the latest quotations made this week,

F or fflUcellaneo m A Unlisted B onds—See 3d page preceding.

THE CHRONICLE.

970

[V ol. L V V
Latest E a m x n g s R eported.

in o E s tm e n T

Week o r Mo

JlXD

fla ilr o a d

I n M I x g e it c je .

The I nvestors’ Supplement, a pamphlet o f 150 pages
contains extended tables o f the Stocks and Bonds o f Rail­
roads, and other Companies, with remarks and statistics con­
cerning the income, financial status, etc,, o f each Company.
It is published on the last Saturday o f every other month—
vie,, January, March, May, July, September and November,
and is furnished without extra charge to all regular sub­
scribers o f the Chronicle.
The General Quotations o f Stocks and Bonds, occupying
six pages of the Chronicle, are published on the th ir d
S a tu r d a y o f each month.

RAILROAD EARNINGS.
Latest E a m xn gs R eported
R oads.

Week or Mo

1893.

1892.

Jan. I to Latest D a te,

R oads.

Jan. 1 to L a test D ale,
1 89 3 .

1892.

9
12,231,
5 7 ,4 6 0
55,2 65
A p ril.........
12,2 80
A d ir o n d a ck —
230,6221 2 1 2 ,18 3
7 8 5 ,7 2 6
A lle g h e n y V ai. A p r il.........
842 ,81 1
A tch .T .& S . Fe* 4 th w k May 1 ,098,348 1,033,581 1 6,0 25 ,0 7 9 14,6 81 ,7 0 3
2 5 2 ,60 6
2 3 3 ,44 5 3 ,5 4 6 .7 3 2 3 .2 4 7.26 2
8t. L. & San F 4 th w k M a y
5 8,06^
^ 3 2 ,6 8 5
Col. M idland
4th w k A p r
5 0 ,7 4 5
660 ,13 9
A gg. t o t a l... 4 tu w k M a y 1,350,954 1,2 6 7,92 5 1 9,571,811 1 7,928.965
71,430
2 0 5 .48 2
A tla n ta Char, a M a rch .......
6 6 .7 1 4
198 .53 6
3,992|
A tla n ta & F lor’ a M ay............
33.2 25
34,355
7,375
B .& O .E astL ines A p r il......... 1 ,523.469 1,5 6 0,39 2 5 ,8 3 5 ,7 1 7 6 ,119,109
W estern Lines A p ril.........
499,403| 494,561 2 ,0 6 5 ,8 8 6 2,0 2 3,41 7
T o ta l............. A p r il......... 2 ,022.871 2 ,0 5 4,95 2 7 ,9 5 1,60 3 8 ,1 4 2,52 6
B al.& O .S outhw . 4th\vkMay
63,6 70
59,8 13 1 ,0 3 5,09 6 1 ,0 4 1,83 6
1,967
B ath & H am ’ nds A p r il.........
6,614
1,853
6,928
14,8 12
B ir. <fe A tla n tic. M a y ............
2.801
3,869
16,756
B ir.S h .& T en u .R A p r il.........
16,901
8 2 ,1 3 2
72,592
16.069
57,0 52
B rooklyn E lev_. Ith w k M a y
8 3 7 ,9 7 6
7 9 9 ,2 4 0
5 5 ,5 4 6
B u ff.R och .& P itl 4 th w k M a y 102,332
86,6 43 1 ,3 4 3 ,4 6 7 1 .251,382
B ur. C.R ap. Sc N M ay............
3 10,858
2 7 7 ,4b 0 1 ,5 6 4,10 8 1 .603.263
51,3 50
1 7 0 ,31 9
Cam den & A t l .. A p iil.........
166.176
53.9 77
5 45 ,00 0
561 ,00 0 7 ,5 3 2 ,5 8 2 8,029,211
C anadianPacitic 4 tb w k M a y
C ar.C um .G & C b. M arch.......
4,585
12,6 36
3,291
9 ,7 2 8
Car. M id lan d ___ M ay...........
2,700
2 1 .0 0 6
3 ,744
21.861
C entral o f N. J_. A p r il......... 1 ,164,473 1 ,096,643 4 ,5 5 2 .6 0 0 4.3 8 5,51 1
Central P a cific.. M a rch ....... 1,082,707 1,109,597 2 ,9 5 8 ,9 3 3 3,0 6 1,79 3
C entral o f S. C .. M arch.......
10.7 89
31,6 49
11.0 50
3 0 .5 3 0
Char.Cin.& Chic. M ay............
9 ,1 2 5
60,9 87
9 ,4 4 3
60,1 64
C harlest’ n& Sav M arch.......
70,6 38
2 0 6 ,6 3 3
65,4 87
197,778
C har.Sum .& No. A p ril.........
9,500
64.7 09
9 .153
54,099
C h era w .& D a rl.. M arch.......
32,4 44
10,683
8,728
24.7 48
2 88 ,05 4
Ches. & O h io ___ 4 th w k M ay
2 4 6 ,40 2 4 ,0 9 9 ,5 3 7 3,7 4 2,70 4
181,310
Ches. O. & .8 .W . M ay............
9 8 2 .43 3
1 6 7 ,09 2
8 7 5 ,34 0
Chic. B ur. & No. A p ril.........
2 70 ,58 3
7 8 6 ,06 0
169,188
6 6 6 ,14 7
Chic. B ur. Sc Q. A p r il......... 2,9 9 0.39 9 2 .7 5 7,62 9 1 2 ,3 92 ,4 8 7 12,087,569
C hic.& E ast. III. 4th w k M ay
9 6 ,1 9 4
7 5 ,1 2 4 1 ,7 3 6,24 4 1,5 5 1,51 7
C h ica go Sc E rie. April
225,551
9 7 8 ,19 3
2 3 6 .7 4 6
965,625
Chic. Gt. W est’ n 4 th wk M ay
126,637
116 ,32 8 1 ,7 1 9,64 2 1 ,823,246
C h.J. R & U .S .Y . A p r il.........
183,687 2 0 3 ,3 4 3
8 2 1 ,28 1
9 2 5 ,82 6
C hio.M il.ifcSt.P, 4thw k May 799,61 6 6 9 8 ,35 7 12,6 07 ,9 3 5 12,145,697
C hic.& O h io Riv. 4th w k M ay
2.237
1,496
Chio. & N ’ th w ’ n A p ril . . . 2,305,607 2 ,3 5 6,21 4 9,0 1 2,90 4 9 ,357,168
C h ic.P eo.& S L.6 4th w k M ay
34,218
30,934
5 5 3 ,93 5
505,082
Chic. R ’k l . & P . . May.
1,610,757 1 ,256,896 7 ,2 7 7,39 2 6 ,610,688
Ohic.St.P.M .&O. A p r il.........
5 9 9 ,2 i6
628 ,50 5 2 ,5 7 3,03 3 2 ,644,010
Chic. & W. Mich. 4th wk M ay
56,453
51,1 35
784 ,85 9
762 ,61 4
Cin. Ga. Sc Ports. M ay........
5,623
5 ,6 3 0
26,142
25,253
Cin. J a ck & M ac Ith w k M a y
18,626
15,703
284 ,92 4
266,011
C in.N . O .& T .P 3d w k May
71,587
70,5 26 1 ,5 3 0,21 6 1 ,579,369
A la .G t. South. 3d w k M ay
27,8 32
27,2 08
676 ,66 5
673 ,09 0
N. Orl. & N. E. 3 d w k M ay
22,7 83
19,691
5 4 5 ,84 6
473 ,32 4
A la . Sc Vicksh. 3d w k M ay
8,408
7 ,9 8 9
2 1 2 ,53 9
232 ,75 2
V ick s. 8h. & P . 3d w k M ay
6 ,1 0 4
5 ,8 9 4
197 ,07 7
207 ,21 8
E rlanger 8yst. 3 d w k M ay 136 ,71 4
1 3 1 ,30 8 3 ,1 6 2 ,3 4 4 3,1 6 2,64 3
Cinn. N orth w ’ n. M ay.
1,767
1,645
7 ,7 2 3
7,831
Cin. P o r t 9. & V.. M ay.
22,5 28
20,3 23
104 ,67 9
90,4 59
Col. & M aysv. M ay............
1,137
1,162
5 ,495
5,760
C lev.A kron& C o. 4th wk M ay
28,7 58
25,5 88
410 ,86 1
382,473
C lev. Can. Sc So. A p ril.........
85,0 00
63,9 72
Cl. Cin.Ch.& S.L. 4th wk M ay 4 3 3 ,11 3
361 ,38 8 5,4 6 1,31 4 5,5 9 6,93 6
P eo. & E ast’ n. Ith w k M a y
53,572
4 0,1 50
665 .50 9
704,415
C lev. & M arietta 4th wk May
11,603
7 ,8 1 0
141,341
130,660
Col. N ew b. & L. M a rch ...
7.237
6 ,005
21,945
14,622
Col. H . V. & T o l. M ay............
243 ,30 9
2 8 2 ,98 7 1 ,3 2 3,77 9 1 ,267,435
C ol.S h aw nee& n 4th w kA p r
16,976
14,932
2 3 8 ,43 6
194,841
C olusa & L a k e .. May. ..
2,121
1,754
8 ,786
8,214
C onn. R iv e r....... M a rch .......
9 7 ,7 4 2
9 3,1 54
264 ,46
255,378
C urrent R iv er. 1thwk M ay
2,845
4 .186
72.4 45
7 5 ,1 5 4
D en v. Sc R io Gr Ith w k M a y 232 ,60 0
2 1 3 ,6 0 0 3 ,5 3 2 .8 2 s 3,4 2 9,74 8
Des. M .N o .A W M ay —
29,393
2 9,2 ^ 0
1 53,904
159,218
D et.B ayC .& A lp M ay............
42,3 00
3 0,1 06
200 ,59 2
152 ,01 2
D et.L a n s’g&No 4th w k May
29,5 18
2 6 ,4 f4
4 8 8 ,2 0 4
4 6 7 ,79 2
DuluthS.S.&Atl. 4th wk M ay
71,331
63,7 66
791 ,42 8
809,625
D u lu th «fc W inn.. M a rc h .. . . .
22,677
14,675
5 5,9 04
37,308
E.Tenn.Va.<fc Ga 3d w k M av
99,7 41 2 ,2 3 0,47 5 2 ,354,449
9 3 ,4 i7
E lgin. Jol.& East M ay..........\
76,1 54
60,4 25
3 9 1 .50 9
3 3 3 ,25 7
E vans & ln d ’ plis ttliw k M a y
8,803
8,581
146 ,47 6
133,342
E vans. Sc R ic h .. 4th wk M ay
5 ,5 3 4
2 ,8 4 0
69,231
44,4 07
E va n sv. & T. U. 4th w k M ay
34,8 53
3 2,0 62
5 2 9 ,5 9 4
4 9 6 ,15 3
F itch b u rg ........... A p ril.........
5 9 4 .8 3 2 2,307,21l| 2,2 8 2,82 3
609 ,49 8
Flint <ft P.M arq., Ith w k M ay
67.321 1,2 3 2,32 0 1,2 5 2,19 8
7 9 ,9 5 8
■F lo re n ce ............. M arch..
18,168
5 .4 6 7
45,383!
13,693
F t. W. Sc R io G r M a y .. . .
30,281
3 2,8 24
1 6 2 ,08 5
147.988
G eorgia R li ....... A p i i l .. .
87,502
1 0 5 ,0 9 3 ;
4 9 0 ,5 2 6
490,4 29
Ga. Car’ ia & No M arch..
5 4 ,1 5 3
15,026
137,433
40,518
Geo. 8o. dc F l a ... May.
64,7 00
53,473
348,031
3^ 6 .182
G eorget’ n & W’ i . M arch.. . J
4,44b
4 ,2 7 9
11,1 35
12,438
G r .R a p .& In d ... 1th wk May
69,447
58,9 13
9 6 2 ,5 5 2
9 7 3 ,5 3 0
Cin. K .A F t W . 4thw k May
12,927
12,519
1 9 4 ,52 9
195 ,02 9
O ther lin e s .... ■IthwkMay
6,631
6,995
87,671
93,1 27
k T otal all line*. 4thw k May
89,004
78,4 27 1 .2 4 5,96 6 1 .2 6 6 .6 8 4
Grand T ru n k ... Wy J u n e 3 369 ,41 3
3 6 1 ,5 4 0 7 .766,667 7 ,9 0 6 ,9 6 0
C ldc. G ^ T r. Wk M ay20
66,704
68,671 1,3 8,066 1 ,511,430
D eL G r.H .& M . Wk M ay20
20,626
20,4 25
4 01,774
4 32 ,99 3
G reat N orth’ n—
St. P. M. Sc M. M a y ..
9 70,408 7 9 4 ,00 3 4 ,6 8 4,52 3 4 ,6 4 4 ,4 5 3
East, o f Minn May
7 4 ,0 9 6
83,2 32
368,7101
3 7 3 ,0 6 8

G r.N or.—(Con.)
M on ta n a Cent M a y ...........
T ot. syste m . M a y ...........
G .B a y W .& 8 t. P. M a rch .......
Gr. P .W al. & Br. M a rch .......
G u lf& C h ica go. M a y ...........
H a r t s v il l e ......... M a rch .......
H oos.T u n .& W il. M a rc h .......
H u m est’ n&Shen M a y ............
H u tch . & Sou th’ n A p r il.........
Illin o is C en tra l. M a y ...........
In d .D e c.& W est. M a y ...........
In .& G t. N orth ’ n I th w k M a y
lln te r o o . (M e x .) W k M a y20
I o w a C entral.
I th w k M a y
Iron R a ilw a y .
M a y ...........
K anaw h a& M ieb 4th w k M ay
K au C. Cl. & S p . I t h w k M a y
K .C .F .S .& M e m . 4th w k M ay
K .C .M e iu .& B ir. 4 th w k M a y
K. C. P itts. & G. M a y ...........
Kan.O. 8 u b .B elt M a y ...........
Kan.C.W y.& N W M a y ...........
K e o k u k <fc W est. d w k M ay
L.
E rie AM
ll. a&y S
o.
...........
L. E rie & W e st.. I th w k M a y
L eh ig h & H u d .. M a y .
L o n g Is la n d — 4 th w k M a y
L o u is .& M o.R iv. M a rch .......
L ou is.E v.& S t.L . I t h w k M a y
L ou isv.& N a sh v. 4 th w k May
L ouis.N . A .& Ch. I t h w k M a y
L o u .8 t .L .& T e x . 4 th w k M ay
M a co n & Birrn.. M a y ----M anches & A u g . M a rc h ...
M a n istiq u e ......... M a y ----M euiphis& Chas. 2d w k M ay
!M e x ica n C ent. Ith w k M a y
M e x ica n In te r’ l F eb ru a ry .
fM ex. N a tion a l. I t h w k M a y
I M exican R ’ way Wk M ay27
M ilw a u kee & No 4 th w k Mav
M in eral R an ge. M a y ...........
M iuu eap.& S t.L , M a y ...........
M.
St.P. &I tS.S.M
. ay
hwkM
M o .K a n .& T e x .. 4th wk May
M o.P ac.& Irou M 4th w k M ay
M ob ile & B irin . i d w k M ay
M obile Sc O h io .. M a y ...........
M ont. Sc Mex.G H vi a rch .......
N ash.Ch.& S t.L . A p r il.........
N ew O rl.& S o’ n .. M a y ...........
N. J e rs e y & N .Y . M arch.......
N .Y .C .& H .R — M a y . ____
N. Y. L. E. cV W. A p r il.........
N .Y .P a .& O h io .. M arch........
N. Y .& N .E n g ... M a r c h .....
N .Y .& N orth ’ n .. M a y ..........
N. Y . Out. Sc W .. 4th w k M ay
N. Y Susq. Sc W .. A p r il.
N o rf. & S o u th ’ n a p r il.
N o rfo lk Sc W est. Ith w k M a y
N’ th e a st’n (8.C.) M a rch .......
N orth ’ n C entral. A p r il.........
N o rth er n Paciti c 3 d w k M ay
W is. Ct. L ines. 3 d w k M ay
N .P .& W .Ceni. 4thw k May
O hio & M iss........ M a y ...........
O hio R iv e r ......... Itliw feM ay
O h io S o u th e rn .. A p r il..........
O m aha <fcSt. L .. M a rch .......
O r e g o u lm p . C o. A p r il.........
P a d .T eun .& A la. M a y ...........
Penn. M idl’ d .. M a y ...........
P e u n sy lv a n ia ... A p r i l ........
P e o ria D e c.& E v Ith w k M a y
P etersbu rg......... A p r il___
P hila. Sc E r ie ... A p r il___
Pliila. & R ead ’ g . A p r il___
Coal«feIr. C o.c. A p r il___
T o ta l b oth Cos. A p r il___
L eh ig h V alley. M a rch .......
Pitts. M ar. & C h . M ay............
P itt.S b e n .& L .E . M a y ...........
P ittsb . & W est
M a y ...........
P itts. Cl.*feTol M a y ...........
P itts. P a . Sc F. M a y ...........
T o ta l system .. 4th w k M ay
Pitt. Young.ifcA . A p r il.........
P t. K o v a l <&Aug. M a rch ........
P t.R oy.& W .C ar. M arch........
Q u in cy O & K.O . M a y ...........
K ich .& D a n . sys. M a rch ........
R ich . Sc P etersb. A p r i l ........
R io G r. S ou th ’ n. ls t w k J ’ ne
R io G r. W est’ u.. 3d w k M ay
S ag .T a scoia & H . A p r il___
S ag.V al. & St. L. A p ril___
St. L. A . Sc T . H. 4 thw k MayS t.L .K e n ’ et&So. M a y............
S t.L .S o u th w ’rn , 4tk w k M ay
S t.P a u l& D u l’ th M a y —
S anders v.& Ten. M a y . . . .
S .F ra n .& N .P a c. 3d w k M
Sav. A m . Sc M on. M ay —
S av.F la . & West. M a rch ..
S ilv e rto n ............. M a y —
S io u x C ity & No. May. . . .
S outh B o u n d ___ M ay —
S ou th C a ro lin a .. M a y . . . .
S oiitlnfcN or.car. M arch..
So. P a cific C o.—
G al.H ar.& S '.A A p r i l...
L ou is’ a W e s t .. A p r i l...
M organ’ sL& T. A p r il...
N .Y .T . & M ex A p r il...
T e x .& N , O r l.. A p ril . .
A tla n tic sys.rt. A p r il...
P a cific system A p r il...
T otal o f a ll.. A p r i l...
C oast D iv(Ca).) M arch ..
S o u .D iv . (Cal.) M a rch ..
A rizo n a D i v .. M ai ch ..
N ew M e x .D iv . M a rch ..
Spar. Un. & C o l.. M arch..
S taten Isl. R . T . A p r i l...
BtopyCl.&c *M t.. M arch ..

1893.

1892.

1 893.

1892.

9
I
»
4 8 5 .0 4 2
4 7 1 ,9 6 7
5 ,5 3 8 ,2 7 6 5 ,4 8 9 ,4 8 8
1 21 ,34 2
5 ,4 1 2
5 ,4 6 1
17,3 25
1 5 ,2 1 4
4 ,571
3 ,9 4 7
8 ,2 5 3
7 ,9 2 8
5 4,5 62
5 9 ,4 3 4
2 1 .7 2 6
1 8 ,5 1 2
7 ,9 2 5 .6 6 3 7 ,5 1 0 ,3 2 2
175,^63,
1 8 9 ,6 6 1
1 ,7 1 2 ,0 9 1 ' 1 ,4 0 4,22 5
879,027|
7 5 6 ,2 1 9
. 7 41 ,06 3
7 2 3 ,6 1 3
17,46713,2 84
1 46,329;
149 ,92 1
146,6371
1 2 9 ,8 7 9
2 ,0 6 9 ,9 9 L 2 ,0 0 7 ,6 7 2
4 6 1 ,20 5 '1 4 4 6 ,8 0 2
3 9 .5 5 0
2 1 ,1 3 9
8 2 ,8 5 7
2 0 ,5 1 7
140,398!
1 3 7 ,9 0 6
1 4 3 ,8 6 0
1 5 1 ,3 5 9
33,4*21!
3 2 ,9 6 9
1 ,4 8 1 ,0 1 4 1 ,3 3 4 ,5 3 1
2 2 4 .5 3 6
1 5 5 ,8 9 4
1 ,4 1 6 ,8 3 6 1 ,3 9 3 ,4 5 2
98.7 71
1 0 6 ,7 3 0
7 8 6 .0 9 9
5 1 4 ,1 4 9
9 ,0 0 1 ,2 9 4 8 ,4 5 8 ,3 5 2
1 ,2 6 9 ,0 8 4 1 ,2 0 9 ,2 3 3
2 5 3 ,9 9 8
2 5 7 ,2 9 6
2 7 ,8 5 2
3 1 ,9 1 0
4 ,5 9 9
3 ,6 6 7
5 9 ,8 7 "
6 6 .5 0 3
5 7 1 ,5 4 4
5 3 1 ,3 0 8
3 ,3 6 4 ,7 8 8 3 ,1 6 9 ,3 1 2
3 7 7 ,91 5
2 4 7 ,2 7 9
1 ,8 7 9 ,8 4 0 1 ,6 4 4 ,7 2 6
1 ,2 9 2 ,2 7 3 1 ,3 3 1 ,3 0 7
6 9 7 ,4 5 8
6 4 3 ,1 3 3
4 3 ,3 6 0
5 4 ,2 8 1
6 9 2 ,6 1 2
7 2 9 ,0 8 2
1 ,1 9 0,30 6 1 ,1 2 1 ,6 3 7
3 ,8 2 9 ,9 5 2 3 ,3 4 4 ,3 9 6
1 0,7 24 ,8 7 8 1 0 ,3 0 8 .7 1 3

1 00 ,98 9
1 14 ,93 4
1,1 4 5,49 4
9 9 2 ,1 6 9
4 5 ,0 4 2
2 ,3 1 9
‘ *2,247
3 ,6 3 6
3 ,0 1 2
1.142
1,328
3 ,1 3 7
2 ,7 8 3
8,500
8 ,8 9 0
5 ,0 9 8
4 ,524
1,7 1 6,74 5 1 ,458,353
31,4 11
30,2 63
1 1 3 ,2 3 0
9 6.1 92
42,9 31
3 7,7 90
4 2 ,1 5 7
27,8 89
4 ,3 0 9
2 ,994
1 0 ,6 3 6
10,7 78
8 .6 1 7
6,535
1 04,46*
1 09 ,59 8
2 2 ,2 2 9
22,4 62
12.1 23
3,946
22,471
4 ,1 0 8
2 6 ,8 3 3
24,3 29
6 ,0 4 2
5,722
5 .2 6 9
6 ,2 9 4
1 0 6 ,3 9 2
7 6 ,2 3 4
5 7 ,6 5 0
3 9 ,2 7 5
1 0 5 ,73 7
9 7 ,9 7 0
3 4 ,8 3 2
38,6 17
49,1 71
30,9 69
5 6 1 ,9 5 0
5 4 2 ,8 0 8
91.451
81,357
1 6 ,5 5 0
16,929
4 ,1 5 4
7 ,0 5 9
1 ,555
1 ,3 3 4
10,081
15.921
2 2 ,0 8 0
23,0 01
2 3 4 ,3 0 0
2 0 4 ,3 0 3
1 6 5 ,80 9
116 ,85 6
124 ,07 5
1 0 5 ,64 4
5 4 ,0 0 0
5 7 .0 0 0
5 6 ,6 1 4
40,9 55
9 ,8 2 2
10,813
1 4 8 ,36 6
1 36 ,57 6
84,161
60,2 68
3 1 8 ,28 6
2 2 9 ,7 3 3
779 ,75 8
7 0 1 ,9 9 3
4,734
4 ,3 3 8
2 3 8 ,7 0 8
2 6 3 ,4 3 0 1 ,4 0 2 .5 0 2 1 ,4 0 1 ,9 6 4
84,814
56,4 88
2 5 1 ,9 8 8
2 2 1 ,6 5 2
3 8 6 .3 4 6
4 1 0 ,9 6 4 1 ,6 6 0 ,7 2 4 1 ,6 6 3 ,0 4 7
11,854
13,802
5 5 ,1 6 2
5 8 ,9 0 5
23,7 87
21,9 77
6 5 ,7 5 8
6 4 ,0 1 2
4 ,0 0 1,61 3 3 ,6 1 3,40 3 1 8.4 73 .5 0 8 1 7 ,6 3 3 ,9 1 0
2,3 7 8,06 5 2 ,4 9 5,23 5 9,3 L8,059 9 .4 3 2 ,9 0 8
6 6 5 ,97 8
5 87 ,51 8 1,7 2 6,69 6 1 ,6 6 5 ,6 7 3
1 ,4 4 0 ,1 0 5 1 ,3 6 0 ,8 8 7
5 5 ,0 3 0
4 5 ,2 8 6
2 3 7 ,0 8 4
1 96,873
1 1 6 .03 4
100,061 1 ,4 2 8 ,2 8 3 1 ,2 5 1 ,5 7 3
143,728
134,939
4 9 7 ,8 1 9
4 8 3 ,4 8 1
43,4 44
4 3 ,6 6 4
139,651
1 4 0 ,6 9 4
2 0 1 ,5 5 2
176 ,53 7 4 ,1 9 *,469 3 .7 7 0 ,0 2 9
77,5 54
76,711
2 1 5 ,2 1 5
2 0 9 ,8 5 1
5 4 2 ,2 8 2 2 ,2 3 1 ,1 5 0 2 ,2 1 2 ,3 1 8
5 6 7 ,1 4 0
I L -,2 3 3
3 68 ,37 9 6 ,9 2 1 ,3 6 9 7 ,7 1 8 ,8 4 2
8 6 ,7 6 3
96,583 1 ,8 0 5 ,5 9 5 1 ,9 7 1 ,8 1 8
7 9 3 ,8 1 0
7 5 3 ,7 0 3 9 ,5 2 5 ,7 7 4 1 0 ,4 7 1,364
3 2 6 ,62 3
3 10 ,11 7 1 ,7 3 4 ,6 0 5 1 .6 3 8 ,5 7 6
17,6^5
14,678
3 0 2 ,0 0 6
24 9 ,6 5 9
5 4 ,3 8 2
4 5 ,5 2 8
2 5 1 ,7 9 4
2 1 8 ,9 5 2
5 2 ,1 2 4
45,440
1 5 5 ,5 7 4
1 4 8 ,61 1
3 3 0 ,7 0 5
3 0 5 ,3 3 6 1 ,1 3 9 ,7 5 6 1 ,1 6 4,40 8
2 6 ,7 3 9
2 2 ,0 3 2
132 ,82 8
7 1 .9 2 5
17,005
17,:- 43
9 2 ,2 4 3
6 9 ,7 6 5
5 ,8 9 5,49 2 5 ,7 4 6 ,7 3 0 2 2 ,0 4 1 ,6 6 8 2 1 ,4 2 3 ,3 7 2
21,1 17
19,5 56
3 4 9 ,1 8 2
3 2 8 ,8 8 5
53,8 45
1 93 ,78 7
53,1 66
1 9 2 ,4 7 2
4 3 9 ,4 9 7
4 0 9 ,7 9 5 1 ,4 8 3 ,6 6 4 1 ,4 6 7 ,6 9 0
1 ,839,975 1 ,701,441 7 ,0 3 6,12 8 7 ,0 3 8 ,0 2 3
2 ,3 1 0,74 9 1 ,6 3 0,30 4 1 4 ,2 5 1 ,2 3 4 6 ,6 9 1 ,3 3 9
4 ,1 5 0,72 3 3 ,3 3 1 ,7 4 5 2 1,2 8 7 ,3 6 1 1 3 ,7 2 9 ,3 6 1
1,5 5 1,62 9 1 ,3 0 6,13 3 4 ,1 8 9 ,2 4 4 4 ,0 2 7 ,8 1 2
2 ,8 3 0
2 ,9 1 2
16,3 24
1 6,8 54
3 4 ,6 2 0
2 6 ,8 3 0
151 ,61 3
1 4 0 ,5 4 3
1 4 0 ,5 8 9
105 ,24 9
607 ,2u 6
5 5 0 ,0 1 0
68.7 85
5 1 ,3 8 6
3 1 1 ,4 4 7
2 3 9 ,6 1 3
29,2 67
2 7 ,5 6 9
1 2 3 ,06 6
1 1 8 ,9 4 1
9 5 ,9 7 8
66,2 49 1 ,0 6 5,33 6
9 2 2 ,3 1 3
1 1 3 ,16 4
122,365
3 6 4 ,2 4 2
3 9 4 ,2 6 5
30,0 41
2 1,8 9
1 0 5 ,13 0
7 6 ,5 7 7
33,1 22
30.0
91 100 ,91 8
8 4 ,6 8 0
20,5 47
18.1 92
1 0 8 ,3 5 5
1 1 1 ,6 0 4
1 ,1 0 3,72 0 1 ,059,600
32,3 77
32,0 47
1 1 9 ,52 8
1 1 6 ,1 2 4
1 1 ,3 5 0
13,758
2 6 2 ,1 8 6
2 3 9 ,5 3 2
4 3 ,9 0 0
4 7 ,5 0 0
8 08,9 72
8 8 3 ,5 4 7
10,0 24
9,246
3 7 ,3 0 5
3 1 ,2 5 4
7 ,6 3 7
8 .1 6 2
29,5 55
2 9 ,0 5 0
3 3 ,1 4 0
3 6 ,2 3 0
653 ,22 2
5 7 0 ,5 1 9
l , *5 2
2,259
1 1 3 ,25 4
94,821 2 ,0 8 6 ,5 8 1 1,66*1*729
1 5 7 ,71 0
1 2 9 ,93 0
6 6 9 ,6 -4
6 6 8 ,8 3 8
355
3L9
2,578
2 ,1 8 5
14,7 53
15,008
2 7 7 ,5 1 “
2 6 8 ,0 7 4
43,691
3 9 ,3 3 9
2 1 5 ,b53
1 8 7 ,0 6 8
284 ,39 9
2 8 8 .8 4 4
842 ,97 7
8 9 6 ,9 4 7
6 ,0 0 0
6 ,3 7 0
13,913
13,3 98
3 0 ,7 4 2
3 3 ,9 7 0
155 ,37 2
1 5 7 ,8 6 5
15,000
13.000
9 5,9 6
6 7 ,3 0 2
92.;>29
8 9 .5 0 0
596,074|
5 7 4 .5 4 6
1,506
1,147
4 ,1 6 5
4 ,1 5 4
3 7 0 .8 2 4 1,499,2031 1 ,4 0 3 ,5 2 0
3 7 1 ,74 1
84,2 82
68,9 96
3 92 .13 o!
3 4 1 ,9 7 5
3 67,469; I,7 b 6 ,6 9 0 ! 1 ,6 4 7 ,7 0 2
4 0 6 ,7 6 9
19,094!
23,6 93
71,445]
6 5 ,2 0 6
1 4 9 ,26 2
1 21 ,5*4
6 3 0 .3 9 0 1 5 3 4 ,3 1 2
1 ,044,724
9 5 3 ,6 7 2 4 ,4 14,665 4 ,(4 0 ,7 7 9
2 ,8 5 5 ,4 8 0 2 ,7 9 8 ,9 4 . 1 0,5 7 5 ,1 7 9 1 0 ,3 0 7 ,7 8 4
3 ,9 6 0 ,2 0 4 3 ,7 5 2 ,6 2 0 1 4,9 8 9 ,8 4 4 ' 1 4,3 48 ,5 6 3
175,154
164 ,68 7
50U,570j
4 4 5 ,(9 6
6 3 4 ,39 8
6 1 3 ,09 9 1 ,9 2 5 ,6 * 3 1 ,7 2 3 ,6 7 4
150,78a
177 ,65 8
5 4 3 ,16 9
4 5 8 , L53
9 1 .6 5 6
81,453
2 4 4 .1 5 5
2 6 8 ,5 7 5
10.643
10,761
28.8 53
2 9 ,5 8 6
7 1 .2 6 0
7 1 ,5 02
2 4 5 ,7 6 9
248,2691
1.727
1.594
3.9*12
4 .3 8 3 1

THE CHRONICLE

J une 10,1898.]
Latest E a rn in g s R eported.
W eek orM o

1892-3.

1891-2.

| J a n . 1 to Latest Bate.
1 89 2 3.

$
Sum m it B ra n ch . A p r il.......
108 ,35 0
1 0 9 .19 6
4 3 0 ,7 2 !
93,764
L y k en s V alley A p ril —
85,61 lj
353 ,03 8
1 9 5 ,1 0 7
T o t ’ l b oth C o’s A p r il........
2 0 2 .11 3
7 8 3 ,30 7
1 2 7 ,3 3 0 2 .7 4 7 .6 0 8
T e x a s & Pacific. 4th w k May
176,8 LI
T ex.S . ValAN .W M a v ...........
3,201
3.8'»8
22.4 79
T o l.A . A.&N.IM . 2d w k Apr.
26,577
19,655|
3 <9,004
T o l.& O liioC en t* lB tw k J ’ ne
41 271
3 7,9 8 8 '
857,1^1
T ol. P . A W e s t .. 4th w k May
21.5 15
20.4 22
3 8 0 ,38 5
T o l.S t. L .& K .C , ith w k M a y
46,8 75
37,592,
7 15,8^ 9
T o l. & So. H a ven A p r i l . . .
2,177|
2,058
6,641
A p r il___
U ls t e r A D el
3 1 ,7 <50
3 3 ,2 8 8
1 0 3 ,5 0 6
U nion P a cific—
O r.S .L . A U. N. M a rch .......
5 1 0 ,00 5
5 5 0 ,6 9 1 1 1 ,3 2 6 ,0 3 8
O r.R y .& N .C o . M arch.......
3 31 ,02 2
326,208!
8 69,464
U .P a o .D . A O . M a rch .......
4 3 4 ,5 5 9
43=.,833 1 ,3 8 6 .8 1 0
St. J o.A G d .Isl Itliw k M a y
2 8 ,8 4 4
2 3 .7 1 2
5 0 4 ,9 4
A ll o th e r lines. M arch. .. 1 ,686,705 1,737,407| 4 ,9 4 6 .4 1 0
T o t.U .P .S je . vi a rch ....... 3,070,501 3 ,1 4 3,90 5 8 .8 5 8 .6 0 9
C e n t.B r.& L .L . March.
110,626
1 06 ,32 4
3 0 4 ,8 0 8
M on ta n a U n . .1Ma> ch.
67.033
90,2 68 ,
1 3 4 ,0 -4
L e a v .T o p . A S . M a r o h ....
2 ,124
2 ,1 7 0
6 ,8 4 ?
M an. A l. A B ur. |M a rch —
3 ,4 1 9
3 ,4 2 7
10,3 49
G r’ nd to ta l /(M a r c h —
3,2 1 7,41 7 3 ,2 9 8,16 1 9 ,2 3 9 ,0 5 7
V e rm on t V a lley ( March.
16,698
14,850]
4 1 ,2 9 8
W abash
4 th w k M ay 4 01 ,07 8
2 9 4 ,4 3 5 5 ,3 2 2 .7 3 7
W ab . Ches. A W. M arch.......
7 ,3 6 7
5 ,5 7 7
2 3 ,0 6 9
W est J e r s e y ....... A p r i l ........
125 ,87 8
1 2 ',9 2 6
451 ,46 8
W .V .C eu .A Pitts A pril .......
98,6 13
8 9 ,9 3 7
349 .18 4
W est V a .A Pitts. M a rch .......
3 6 ,5 3 0
2 5 ,1 1 4
8 1 ,9 7 4
W'est. M a ry la n d .!M a y .
9-%943
82,9 85
4 4 5 ,5 9 9
W e st. N. Y. & P a 4 th wk May
97,0 00
8 7 ,3 0 0 1 1.4 6 3,86 4
W heel. & L. E rie ls t w k J ’ ne
36,1 46
30,5661
6 3 6 ,45 8
W il.C h ad .& C on. M arch
2 ,3 7 0
2.221!
6 .2 0 2
W il. Col. A A u ? M arch
G3,o99
85,207|
1 9 3 ,4 8 0
W rig h ts v .A T e n March,
6 ,6 0 0
6 ,2 0 5

1891-:
$
4 2 3 .3 5 8
318 .37 8
7 4 1 .73 6
2 .5 2 5 ,7 6 0
18,297
2 8 0 ,2 6 5
7 4 1 ,2 8 0
3 9 9 .64 8
8 0 2 ,23 8
7 .8 3 7
1 0 1 ,15 7
1 ,4 8 7.89 6
8 8 3 ,3 9 3
1 .2 7 0 ,7 8 3
4 4 4 .3 7 9
5 ,0 5 0 ,0 5 8
8 ,9 7 6 ,4 8 4
3 17 ,87 3
2 73,091
6 ,4 5 6
9 ,1 4 6
9 ,4 3 8 .7 0 4
4 0 ,7 0 9
5 ,3 5 9 ,0 $5
16,991
4 2 5 .47 1
3 4 4 ,1 6 6
64,5 57
3 70 ,74 6
1,3 <6,337
5 8 5 ,9 0 6
6 ,9 6 5
2 2 3,912

* I n clu d e s C olora d o M id lan d in 1 89 3 and 1 392 b oth fo r th e w eek aud
th e y e a r to d a te.
a F igu res c o v e r o n ly th a t p a rt o f m ilea g e lo c a te d in S ou th C arolin a.
& E a rn in g s giv en are on w h ole J a ck so n v ille S outheastern S ystem .
c T h e b u sin ess o f th e L eh igh V alley au d L eh ig h & W ilk esb arre d e ­
p a r t m e n ts is in clu d e d in 1803. i In clu d es ea rn in g s from fe rrie s , e t c .,
n o t g iv e n s ep a ra tely , } M ex ica n cu rren cy , e T o l. C ol. & C in in clu d e d
f o r the w eek and s in ce J an . 1 in b o th vears. / In clu d e s o n ly h a lf o f
lin e s in w h ich U nion P a cific has a h a lf in terest

Our statement of earnings for the fourth week of May covers
66 roads and shows a gain of 12*47 per cent.
4 th week o f M ay.
A tch . T op . A San. F e Sys*
St. L ou is & S a n F r . Sys.
B a lt. & O hio S ou th w est.
B r o o k ly n E le v a te d ...........
B u ffa lo R och . <v P ittsb ’g.
C an adian P a c ific ...............
C hesap eake A O h io .........
C h ica g o A E ast. Illin ois .
C h ica go G rea t W estern .
C h ica go M ilw . & St Paul.
C h ica g o & O h io R iv e r..
C hic. P e o ria A St. L ou is.
C h ica go A W est M ichigan
Oin. J a c k so n A M ackinaw
C le v e A k ro n A C olu m bus
C lev . Cin. C hic. A St. L ..
P e o ria A E a s t e r n .........
C le v e la n d A M a rietta . .
C u rren t R iv e r .....................
D e n v e r A R io G r a n d e ./.
D e tro it L a n sin g A N orth.
D u lu th 8. 8. A A tla n tic...
E v a n s v . A In d ia n a p olis. .
E v a n s v . A R ic h m o n d ___
E v a n s v . A T erre H a u te.
F lin t A P e re M a rq u ette..
G ra n d R a p id s A In d ia n a .
C in cin n a ti R . A F t. W ..
O th er lin e s ........................
G ran d T ru n k o f C an ad a .
In te rn ’l A G t. N orth’ u . . .
I o w a C en tra l......................
K a n a w h a A M ich ig a n ___
K a n . C ity Clin. A Spring.
K a n . C ity F t. S. A M e m ..
K a n . C ity M em . A Birm
L a k e E rie A W estern .......
L o n g Is la n d ........................
L o u is v . E v a n s v . A St. L
L o u is v ille A N a sh v ille . .
L o u is . N. A lb a n y A C h ic.
L o u is v ille St. L. A T exa s.
M e x ica n C en tra l...............
M e x ica n N a t io n a l.............
M e x ic a n R a ilw a y . .........
M ilw a u k ee A N o rth e rn ..
M inn. St. P. A S . S. M . . . .
M o. K a n sa s A T e x a s ........
M o. P a cific A Iron M t___
N . Y . O n ta rio A W estern
N o rfo lk A W estern ...........
N orth ern P a c ific ...............
O h io R iv e r ............................
P e o ria D e c . A E v a n s v ...
P itts b u rg A W e s te rn ........
R io G ran d e S ou th ern ___
St. J o sep h A Gd. Is la n d ..
St. L ou is A lto n A T. H .
St. L ou is A Soutlrw est’ n.
T e x a s A P a cific ...............
T o le d o A O h io C e n t r a l...
T o le d o P e o ria A vvest’ n ..
T o le d o St. L. A K an.C ity.
W a b a s h .................................
W estern N. Y , A Penn__
W heeling A L ake E rie . -

1 89 3 .

1 89 2 .

$
$
1,098,346 1,0 3 3,58 1
2 52 ,60 3
2 3 3 ,44 5
6 3 ,6 7 0
5 9 ,8 1 3
5 “ ,052
5 5 ,5 4 6
1 02.332
86.6 43
54 H,000
5 6 1 ,0 0 0
288.0^4
2 46 ,90 2
96,1 94
7 5 ,1 2 4
126 ,63 7
1 16 ,32 8
7 9 9 .6 1 6
6 9 8 .3 5 7
2, '3 7
1,496
3 4 ,2 1 8
3 0,9 81
5 6 ,4 5 3
5 1,1 35
18,6 26
1 5,7 03
2S,758
2 5 ,5 8 8
4 3 3 ,1 1 3
3 6 1 ,3 8 8
5 3 ,5 7 2
4 0 ,1 5 0
11,6 03
7 ,8 1 0
4 ,1 8 6
2,845
2 3 2 ,6 0 0
2 1 3 ,6 0 0
2 6 ,4 6 4
2 9 ,o 8
71,331
6 3,7 66
8 ,581
8 ,808
5 ,5 3 4
2.8U )
3 2 .0 6 2
3 4,8 3
67,321
79.9 58
58,9 13
6 9.4 47
12,927
1 2,5 l 9
6,631
6 .9 9 5
365,451
3 6 7 ,61 5
1 1 3 ,23 0
9 6,1 92
27.8 89
4 2 ,1 5 7
10,778
lu .6 i6
8,617
6 ,5 3 5
109,598
104 ,46 4
2 2,462
2 2.2 9
7 6 ,2 3 4
1 0 8 ,39 2
9 7 ,9 7 0
10 5,737
30,9 69
49.4 71
5 6 1 ,9 5 0
5 4 2 ,8 0 8
81,3 57
9 ,451
16,550
16,9 29
2 0 4 ,30 3
234 , '0 0
1 0 5 ,6 4 4
124 .07 5
5 7 .0 0 0
5 4 .0 0 0
5 6 ,6 4
4 0 ,9 6 5
84.161
6 0 ,2 6 8
2 2 9 ,73 3
3 <8,286
7 0 1 ,9 9 3
7 7 9 ,75 8
100 ,06 1
116 ,03 4
1 7 3 ,53 7
20 ,552
7 5 <,703
7 9 8 ,61 0
17,62 >
14,673
19,5 56
21,1 17
66,2 49
9.5,378
16.4 21
1 5 ,3 :6
23,7 12
28,844
3 6 ,2 3 0
3 3 , WO
9 4 ,8 2 4
11 <,*254
1 2 7 ,33 0
1 76 .8 1
47,5 11
6 2 ,8 0 4
2 0 ,4 2 2
2L, >15
3 7 ,5 9 2
46,8 75
2 9 4 ,4 3 5
4 01 .07 8
8 7 .3 0 0
9 7 ,6 0 0
4 1 ,5 7 4
4 7 ,i 40

T o ta l (66 r o a d s )............. 10,1 69 ,1 7 7
N et in cre a s e (12 4 7 p .c .)

9 ,0 4 1 ,4 4 6

* In clu d e s C olorad o M idland fo r b oth yea rs,
t W eek e n d in g M ay 27.

In crea se.
$
64,7 67
19.161
3 ,8 5 7
1 .5 ft
15,689

D ecrease
$

16,0 00
4 1 ,1 5 2
2 1 ,0 7 0
1 0 ,3 o9
1 0 1 ,2 5 9
74 L
3 ,2 1 4
5,318
2 ,9 2 3
3 170
7 1,7 25
13,4 22
3 ,7 9 i

2 ,1 6 4
17,038
14,268

92
5 ,1 3 4
233

........
379

29,9 97
18,431
3 ,0 0 0
1 5 ,6 5 9
2 3 ,8 9 3
8 3.553
7 /,7 6 5
15.97 <
2 5,0 15
4 5,1 07
2 .9 4 7
1,561
2 9,1 29
1,108
5 ,1 3 2
3 ,0 9 0
1 8 ,4 3 0
49,4 l
15.2 93
1,093
9 ,2 8 3
108 ,04 3
1 0,3 00
5 ,5 6 6
1 ,1 5 8 ,4 7 2
1,1 2 7,73 1

-G ro ss E a r n in g s .— ------- Net E a rn in g 8.-----*
1893.
1892.
1 893.
1892.
R oads.
$
9
C hic. A W. M ic h .......A p r.
1
73
,78
2
1 7 2 ,7 8 5
4 9 ,0 1 4
5 3 .6 2 3
6 0 7 ,0 9 5
J a n . 1 to A p r. 3 0 ___
6 0 1 ,8 9 7
9 2 ,6 3 5
1 5 0 .8 9 5
7 2 ,7 5 1
5 7 ,1 4 6
O level. C an .A S o .b ...M a r .
2 4 ,3 3 7
2 0 ,9 4 7
1 8 7 ,8 8 5
Jan . 1 t o M ar 31 —
1 4 5 .92 6
6 1 ,9 0 6
5 0 ,2 3 4
7 0 5 ,6 4 4
5 5 0 ,4 4 5
J u ly 1 to M ar. 3 1 . . . .
2 4 1 ,55 9
1 9 1 ,9 8 1
1 0 0 ,9 7 7
9 9 ,2 7 7
2 0 ,9 5 0
Det. Laus. A N o r .. a . A pr.
2 4 ,1 0 7
3 8 3 ,3 1 6
3 7 4 ,03 1
Jam 1 to A p r. 3 0 ___
6 5 ,7 8 8
7 5 ,7 4 1
3 8 3 ,-1 1
IlUnois C e n t r a l..a . A p r. 1 ,5 4 2 ,9 9 8 1 ,4 1 0 ,3 0 8
2 5 3 ,0 2 3
Jan . L to A pr. 3 0 ___ 6 ,2 0 8 ,9 1 8 6 ,0 5 1 ,9 6 9 1 ,5 9 5 ,7 4 6 1 ,4 6 0,11 1
J u ly 1 t o A pr. 3 0 . .. 1 6 ,4 0 3 ,2 7 8 1 6 ,2 2 7 ,5 8 2 4,4.58,^69 4 ,5 6 6 ,7 5 4
9 8 ,5 1 2
2 6 6 ,79 1
2 6 2 ,7 1 4
L ou isv. N. A. A C . . a . A p r.
1 0 1 ,7 5 9
9 8 4 ,6 1 3
9 5 4 ,7 6 7
2 6 3 ,0 8 3
Jan . 1 to A p r. 3 0 ___
2 9 2 ,0 0 9
8 3 ) ,7 3 9
J u ly 1 to A p r. 3 0 ----- 2 ,7 8 6 ,2 7 4 2 ,5 2 3 ,4 3 4
7 6 5 ,1 0 6
* 1 2 8 ,41 5
3 6 3 ,8 1 1
3 3 2 ,0 9 7
M ex ica n N a tio n a l— A pr.
1 0 6 ,1 6 5
‘ 5 1 4 ,3 5 5
Jan . 1 to A p r. 3 0 ___ 1 ,5 1 3 ,6 0 2 1 ,3 2 4 ,8 3 1
3 9 7 ,6 2 9
1 3 0 ,8 0 2
140.-316
M inn. A St. L o u is .a .. A pr.
4 0 ,7 9 6
3 3 ,9 2 1
1 7 7 ,6 2 5
5 4 4 ,2 4 6
5 9 2 ,5 0 6
2 4 3 ,9 8 4
J a n . 1 t o A p r. 3 0 ___
J u ly 1 t o A p r. 3 0 ___ 1 ,6 5 9 ,0 3 6 1 ,6 7 6 ,2 6 6
6 2 1 ,9 2 5
7 0 7 ,5 9 0
2 85 ,82 1
2 8 1 .4 8 4
5 9 .2 3 6
N .Y . Ont. A W e s t .a .. A pr.
7 1 ,1 3 7
9 5 2 ,5 4 0
1 7 9 ,6 8 3
J an . 1 to A p r. 3 0 ___ 1 ,1 0 9 ,SOL
1 6 6 ,2 6 0
7 0 1 ,4 0 1
J u ly 1 to A p r. 3 0 ----- 2 ,9 9 1 ,4 9 4 2 ,6 2 6 ,3 6 0
6 2 4 ,1 9 2
4 3 9 ,4 9 7
4 0 9 ,7 9 5
P h ila d elp h ia A E rie. A p r.
1 8 0 ,0 3 8
1 3 9 ,1 4 2
4 0 3 ,5 62
Jan . 1 to A pr. 3 0 ___ 1 ,4 8 3 ,6 6 4 1 ,4 6 7 ,6 9 0
4 1 5 ,0 8 7
2 0 ,5 4 7
18,192
4 ,6 2 4
Quin. Oin. A K. C . b . May.
1 ,4 5 4
1 1 L,6 01
J an . 1 to M a y 3 1 ___
3 7 ,3 3 3
3 3 ,1 7 6
1 0 3 ,3 )3
8 ,1 6 2
2 ,2 0 5
7 ,6 1 7
2 ,6 0 5
Sag. V a lle y A St. L ..A p r .
8 ,4 3 4
2 9 ,0 5 0
5 ,5 4 1
2 9 ,5 5 5
J an . 1 to A p r. 3 0 ___
1 6 1 ,9 5 4
1 5 8 ,8 6 2
5L .104
T oledo A 0 . C e n t ...b .A p r .
6 0 ,4 7 8
5 5 9 ,06 1
2 3 8 ,5 2 2
6 7 8 ,6 3 0
1 8 6 ,2 1 0
J an . 1 to A p r. 3 0 ___
6 4 7 .7 5 2
5 1 8 ,0 0 3
J u ly 1 to A p r. 3 0 ___ 1 ,3 0 7 ,6 1 1 1 ,5 7 5 ,9 8 9
3 0 5 ,1 0 5
2 7 2 ,8 5 6
9 4 ,1 8 3
1 0 0 ,7 9 5
W est.N. Y. A P e u u .. b A p r .
3 4 7 .5 5 9
3 2 7 ,9 5 1
J an . 1 to A p r . 3 0 ___ 1 ,1 5 9,56 4 1 ,0 5 5 ,5 3 7
9 8 2 ,2 2 1
J u ly 1 t o A p r. 3 0 ___ 3 ,0 7 7,703 3 ,0 2 3 ,1 4 3 1 ,0 0 3 ,0 4 6
7 ,3 1 7
6 ,0 3 8
W hitebreast F u el C o. A pr.
6 1 .0 6 6
3 5 ,2 7 9
J an . 1 to A p r. 3 o ___
8 8 ,0 7 3
1 0 9 ,9 5 8
J u ly 1 to A p r. 3 0 -----

a N e t ea rn in g s h ere g iv e n are a fte r d e d u ctin g ta x e s,
b N et ea rn in g s h ere g iv e n a re b e fo r e d e d u ctin g ta x e s.
K A fte r d e d u ctin g o th e r e x p e n d itu re s fo r rep a irs, r e p la ce m e n ts and
gen era l e x p e u se s, n e t in co m e a p p lica b le to in te re st on b o n d s in A p ril
w as $77,^7 , a g a in st $ 7 3 ,5 9 1 la s t y e a r, a n d fo r fo u r m o n th s 3 26 9 .4 3 3 ,
a ga in st $ 2 7 6 ,8 1 1 . M e x ica n d o lla rs a re e q u iv a le n t to 8 0 c e n ts U n ited
States m o n e y , au d all d e p re cia tio n b e y o n d 2 0 p e r c e n t is ch a rg e d in
the a b o v e ite m s.

R oads.
Chic. A W est M ic h .. A pr.
Jan . 1 to A p r. 3 0 ----Det. Lans. A N o r ___ A p r .
J an . L to A p r. 3 0 ----Sag. V a lle y A 8 t. L . A p r .
Jan. 1 to A p r. 3 0 -----

r -ln le r 't, ren ta ls,
>—B a l. o f N et E a rn s.-*
1 89 2 -3 .
1891-2.
1892-3.
1 891-2.
$
$
$
$
3 0 ,5 0 4
1 6 ,3 1 6
2 3 ,1 1 9
32.6 98
5 9 ,7 4 6
9 1 ,1 4 8 d e f.3 7 ,9 0 6
1 3 0 ,5 1 1
d e f.2 ,1 3 5
2 6 ,2 4 2 d e f.5 ,2 9 1
2 8 ,2 4 2
1 0 5 ,12 3
1 05,123 d e f.3 9 ,3 3 1 d s f.2 9 ,3 7 9
d e f.9 5 1
3 ,5 5 6 d e f.1 ,3 5 1
3 ,5 5 6
1 4 ,2 2 6 d e f.5 ,7 9 2 d e f.8 ,6 8 2
1 1 ,2 2 6

A N N U A L REPORTS.
364

2 ,0 3 2
3 0 ,1 5 3
7 ,7 6 7
1 8 ,5 0 2
19,1 42
1 0 ,0 9 4

Not Earuiiigs Monthly to Latest Dates.—The table fo l­
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of May 20. The next will appear in the
issue of June 17.

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing ,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.

1,341
19,0 00
3 ,0 5 .
7 ,5 6 5
22.
2 ,6 9 4
2,791
1 ?,6 »7
10,5 34
408

971

........
3 0 ,7 4 1

Camden & Atlantic.
( For the year ending December 81, 1892.^
The annual report says that the increase in gross earnings
of $6,953 was mainly due to an increase in earnings from pas­
senger traffic of $33,214, offset by a decrease in tne earnings
from freight traffic of $14,293. The expeuses suow au in­
crease of $21,116, which occurred principally iu the conduct­
ing transportation and motive power departments ; there hav­
ing bceil a decrease in the cost of maintenance of cars and
maintenance of way expenses, and the general expenses
being about the same as for the previous year. The
net result was a decrease in net earnings of $14,163. The
number of passengers carried during the year shows an in­
crease of 93,098, or 6‘ 1 per c e n t; the rates received for carry­
ing same show that the average earnings per passenger per
mile have not neen sufficient to meet the expenses cttargeable
to this traffic, the net result being a loss of 1 18 100 mills per
mile on each passenger carried. There was a decrease of
9,407 tons in the freight movement, or 3-77 per c e n t ; the
average amount received per mile for moving a ton of freight
decreased during the year 92-100 of a mill, while the cost
increased 31-100 of a mill, resulting in decreased profit of
1 23-100 mills per ion per mile.
<• lhe remainder of the rental of the May’s Landing & Egg
Harbor City Railroad for J891 and 1893 is shown as a sep irate
charge to income account, which has not heretofore been the
case. Tnis rental in previous years has been paid only after
suit, and when paid has been charged to other accounts ; the
suits having resulted unfavorably to the company, the rental
will have to be paid regularly hereafter, and will be a fixed
charge against the income of your line.”
The total charges to construction and equipment accounts
during the year amounted to $25,281.

THE CHRONICLE.

972

[T ol. LVI." i

ing creditors claiming liens or incumbrances upon the prop­
erty from setting up said claims in aDy other Court.
EA RN IN G S AN D EX PE N SES.
Buffalo Rochester & Pittsburg—Clearfield & Mahoning.
1892.
1890.
1891.
1 889.
—The Clearfield & Mahoning Railway, extending from Clear­
$
«
$
E a rn in g s—
$
field
to Dubois, a distance of 25 milej. through some of the
586 .05 4
5 6 2 .8 4 0
5 2 9 ,1 5 6
5 5 7 ,5 1 9
P a s s e n g e r s ........................
134,605 most valuable coal fields of Pennsylvania, was opened to the
1 4 8 ,9 0 4
1 5 7 ,7 2 9
1 3 2 ,10 3
E r e ig lit .............................
87,264 public this week.
8 9 ,2 2 6
8 4 ,‘.’ 4 3
7 5 ,8 8 5
M ail, e x p ress,
—
Canadian Pacific.—Arrangements have been made by the
8
0
7 ,9 2 4
8
0
0
,9
7
0
799,491
7
3
7
,1
4
4
T o ta l gross e a r n in g s ..
670,371 Canadian Pacific Railway Company for a monthly steamship
6 4 9 ,2 5 4
6 6 3 ,7 8 7
5 91 ,85 3
O per. e x p . an d t a x e s ...
service between its Pacific terminus, Vancouver, and the
137 ,o o 3
1 3 0 ,7 0 4
1 5 1 ,7 1 6
1 45 ,29 1
N e t e a rn in g s ............... .
orts of Brisbane, Queensland, and Sydney, Australia, calling
INCOME ACCOUNT.
oth ways at Victoria, B. C., and Honolulu, Hawaiian Islands ;
1892.
1891.
1 88 9 .
1890.
the steamers to be operated in connection with the regular
$
R eceipts—
1 37,553 overland service of the Canadian Pacific Railway. At Syd­
1 5 1 ,7 1 6
1 3 0 ,7 0 4
1 4 1 .29 1
N et e a rn in g s....................
1 ,2 2 5
8 ,165
ney connections will be made with local lines running to all
In te re st, A c ......................
139 ,25 3 other ports in Australia as well as to New Zealand and Tas­
1 5 1 ,71 6
1 3 1 ,9 2 9
1 5 3 ,4 5 6
T o ta l in c o m e .................
mania.
D isb u rsem cnts—
18,0 99
10 ,110
1 0 ,7 7 8
10,378
Central of Georgia.—The dispatch from Atlanta published
9 2,6 20
9 ,620
9 2 .6 2 0
9 2 ,6 2 0
18,1 66 in the Chronicle last week relating to Central Railroad liti­
17,8 27
12,6 97
4 ,4 1 5
O th er in te re s t..................
gation was incorrect as regards the action taken by the Court
(3) 26,4 03
D iv id ’ d on p ro f, s t o c k ..,..
5 ,975 on the petition of Messrs. Alexander Brown & Sons and Simon
5 ,2 4 6
4 ,3 7 5
7 ,0 0 8
M is ce lla n e o u s ............. .
1 26,471
1 3 4 ,8 6 0 Borg & Co. These parlies sought three things, viz.:
1 1 9 ,80 2
1 4 0 ,82 4
T o ta l d isb u rse m e n ts..
First. A consolidation of all the important litigation now
2 5,2 45
4 ,3 9 3
1 2 ,1 2 7
12,6 32
B a la n ce , s u rp lu s ............. ..
pending against the Central Railroad & Banking Company of
Georgia. Second. The stay of the foreclosure of the mort­
Chicago Rock Island & Pacific Railway.
gage securing the Tripartite bonds, until all questions of
( For the year ending Mareh 31, 1893.^
priorities had been determined. Third. The removal of Mr.
The annual report in pamphlet form has come to hand this H. M. Comer as receiver.
■week, and the remarks of President R. R. Cable at length will
Mr. Justice Jackson, oh motion of Messrs. Brown and Borg,
be found on subsequent pages.
consolidated all of the cases, as prayed for, and s’ a ’ed in open
T h e c o m p a r a t i v e s t a t is t ic s f o r t h r e e y e a r s , m a d e u p i n t h e
Court that he would settle all priorities before the road should
u s u a l c o m p le te fo r m fo r th e C h r o n ic l e , a re g iv e n b e lo w :
be sold, and the order staying the foreclosure sale was simply
O PER AT IO N S.
modified to the extent of permitting the pleadings and evi­
1890-91.
1 8 9 1 -9 2 .
1892-93.
dence necessary to the determination of the respective prior­
M ile s o p e ra te d ...................
3 ,4 0 8
3 ,4 5 6
3 ,6 1 0
ities of the different claims involved, preserving the stay in
Operation 3 —
all other respects.
P a ssen g ers ca rr ie d ...........
4 ,8 0 6 ,8 8 6
5 ,4 5 3 ,0 2 3
6 ,0 2 4,27 2
The order of the Court is as follows : “ It is considered, or­
P a sse n g e r m ile a g e ........... 2 0 8 ,6 4 1 ,3 1 6
21S ,913.-492
2 6 4 ,8 7 4 ,9 8 0
K a te p er p.is’ g’ r p. m ile ..
2 198 cts.
2-29 8 cts.
2-113 cts. dered and adjudged by the Court that the foregoing and above
P re ig h t (tons) e a r n e d . ...
6 ,0 0 0 ,1 6 7
6 ,7 9 6 ,6 7 1
7 ,4 7 9,28 6
stated causes with all the intervening petitions in the same
F re ig h t (tons) l m ile * ,... 1 ,1 3 4 ,5 3 5 ,3 5 6
1 ,1 6 7 ,1 5 0 ,2 6 0 1 ,2 6 4 .3 8 7 ,7 9 6
be and the same are hereby consolidated, to which order of
A v . r a t e p . ton p. m il e ...
1*01 cts.
1*05 cts.
1*05 cts.
consolidation the Central Trust Company of New York and
EA RN ING S AND E X PE N SE S.
the Richmond & West Point Terminal Railway and Ware­
189 1 -9 2.
1890-91.
1892-93.
house Company objfCt and except, and the said order of con­
E a rn in g s—
$
$
$
4 .7 6 2 .8 9 4
5 ,2 1 6,76 1
P a ss e n g ers ...........................
5 ,8 4 3 ,1 4 6
solidation is made withaut prejudice to the pending motions
1 1 ,5 1 3 ,8 4 5
E r e i g l i t . ..............................
1 2 ,2 8 9 ,6 3 6
13,3 02 .1 9 6 and o >jections of the said Central Trust Company of New
M a il, e xp ress, ren te, & c.
1 .1 9 6.89 5
1 ,1 8 3 ,6 7 8
1,8 2 5,76 8
York and Richmond & West Point Terminal Company
1 7 ,4 7 3 ,f 3 4
1 8.6 90 ,0 7 5
G ross ea rn in g s ...........
2 0 ,9 71 ,1 1 0
touching the jurisdiction of the Court.
1 2 ,4 1 3 ,7 9 4
O per. e x p en ses & t a x e s ..
1 3,1 4 7 ,0 5 7
1 5,0 83 ,6 8 9
“ It is further ordered that the bill of the Farmers’ Loan
N et ea rn in g s.................
5 ,0 5 9 ,8 4 0
5 ,5 4 3 ,0 1 8
5,8 8 7,42 1 & Trust Company, Trustee, versus the Central Railroad and
Banking Company of Georgia et al., pending in the Western
P e r ce n t o f op e ra tin g e x ­
p en ses to ea rn in g s ........
7 1 ’0 i
7 0 '3 4
71-93
Division, as above set forth, be, and the same is hereby, re­
moved to the Eastern Division o f the Southern District of
* C om p any’ s fre ig h t n o t in clu d ed .
Georgia, and be c o d s belated with said other causes, and pro­
INCOM E ACCOUNT.
ceed with them in said Eastern Division.
1890-91.
1891-92.
1892-93.
“ And it is further ordered that all injunctions m any of
Receipts—
$
$
$
N et e a r n in g s ......................
5 ,0 5 9,84 0
5 ,5 4 3 ,0 1 9
5 ,887,421
the above stated proceedings heretofore granted by the Cir­
F rom land d ep a rtm en t ..
9 8 ,6 5 0
7 0 ,0 0 0
60,0 00 cuit Justice be, and the same are hereby, modified, so as to
O. K an. ocN eb . in te r e s t..
1 ,2 1 6 ,6 6 2
5 2 ,2 0 0
allow all parties to make such pleadings and take such evid­
T o t a l...............................
6 ,3 7 5,15 2
5 ,6 6 5 ,2 1 9
ence that all issues may be brought to trial on their merits
5 ,947,421
V i sb itrsem en ts—
on
or before the 26th day of June, 1893, at Savannah, at
K e u tle a se d r o a d s .............
1 .8 7 1 ,7 4 4
7 7 4 ,1 8 1
738 ,60 2
In te re s t on d e b t ........... ..
2 ,7 1 4 ,9 5 0
2 ,8 1 3 ,3 2 5
3,< 38,786 which time and place the trial of said motions and issues is
M issou ri R iv e r b r id g e s ..
188,538
143 ,85 8
121 ,56 6 assigned.
D i v id e n d s ............................
1,8 4 6,23 2
1 ,3 8 4 ,6 7 4
1 ,846,232
“ In open Court this 27th day of May, 1893.
K ate p er c e n t ....................
(4)
(3)
(4)
“ Approved.
M is c e lla n e o u s ....................
369
625
414
E a r n in g s a n d e x p e n s e s , a n d t h e in c o m e a c c o u n t , f o r f o u r
y e a rs, h a v e b e e n c o m p ile d fo r th e C h r o n ic l e as fo llo w s :

E

T o ta l d isb u rsem en ts.
B a la n ce .................................

6 ,6 2 1 ,8 3 3
d e f. 2 4 6 ,68 1

5 ,1 1 6 ,6 6 3
su r.5 4 8 ,5 5 6

“ H

ow ell

“ E

mory

sur.2 0 1 ,8 2 1

E. J ackson,

“ Circuit Justice.

5 ,7 4 5,60 0

Sp e e r ,

‘ ■District Judge.’
The motion to remove Mr. Comer was continued until the
26th, on motion of the counsel for Messrs. Brown & Borg.
R R ..b u ild in g s , equ ip .,& c.
6 8 ,4 5 0 ,9 7 6
Judge Jackson, in passing upon this motion, took occasion to
S tock s & o’ds ow n ed , &c.*
9 ,3 0 1 ,2 0 3
A d v a n ce s .............................
2 8 ,3 5 2 ,0 6 8
caution the receiver against taking a part on any side or in
M aterials, fuel, <&c...........
9 3 3 ,3 7 4
1 ,2 0 6,13 7
favor of any interest.
Cash an d ca sh ite m s ........
1 ,4 2 2 ,6 6 0
2 ,1 0 3 ,5 5 4
Central of Georgia—Richmond Terminal.—Mr. Isaac L.
T otal a ss e ts ................. 1 0 8 ,46 0 ,2 8 3
1 1 2 ,0 9 2 ,6 8 1
1 1 6 ,16 3 ,6 3 8 Rice has filed his answer in the suit brought by the Richmond
L ia b ilities—
Terminal Company to annul the purchase by’ the directors of
4 6 .1 5 6 .0 0 0
4 6 .1 5 6 .0 0 0
B o n d e d d e b t ......................
5 1 .1 5 2 .0 0 0
that company of Georgia Central Railroad stock, and to re­
5 5 ,3 5 2 ,0 0 0
5 9 .4 9 0 .0 0 0
C orts. o f in d e b t e d n e s s ...
1 .0 5 0 .0 0 0
cover the 81,000,000 paid therefor. Mr. Rice enters general
A d d ition aud im p. a c c ’ t..
8 .2 1 3.00 0
8 ,2 1 3 ,0 0 0
8 ,2 1 3,00 0 and specific denials. He denies having any knowledge of the
A cco u n ts p a y a b le .............
3 ,6 1 8,66 8
1 ,5 5 2 ,5 0 9
1 ,2 8 3,64 5
Ih co m e a c c o u n t .................
2 70 ,61 5
8 1 9 ,1 7 2
1 ,020,993 existence of a syndicate formed to sell the securities of the
Georgia company. He expressly alleges that the bonds of
T otal lia b ilit ie s .......... 1 0 8 ,4 6 0 ,2 8 3
1 1 2 ,0 9 2 ,6 8 1
1 1 6 ,1 6 3 ,6 3 8
that company were so valuable that a piominent banking
house bought §2,000,000 of them outright at 95 and interest,
* In clu d e s b on d s in sin k in g fu n d .
and that when the plaintiff subsequently publicly offered to
buy all of said bonds at 95 and interest the holders of over
GENERAL IN V E S T M E N T N E W S .
§500,000 of them refused to sell. Mr. Rice therefore denies
Atlanta & Florida.—A deed of the Atlanta & Florida has that the so-called pooled minority stock of the said Georgia
been made to A. Dutenhofer, the purchaser for the Bond- company was unsalable. Denial is also made that the Central
holders Committee, and the road is out of the receiver’s Railroad & Banking Company of Georgia was subject to a
heavy and depressing floating debt. On the contrary, Mr.
nanus.
Rice believed that the property wa3 exceedingly valuable and
K ioxviU e—P ort Royal & Western Can
prosperous, and several months after the sale to the Richmond
lina. At. Charleston, S. C., June 3, Judge Simonton ar
Terminal Company he invested a large amount of money iu
v>'
S ' C1? T£ f e d receiver of the Augusta & Kuos
Georgia Central securities. While in Europe, upon being in­
vfileand Port Royal & Western Carolina roads. He is di formed by cablegram of the proposition to purchase his stock
rected, until the further order of the Court, to operate th at 35, he cabled that he did not desire to sell unless he could
imadsin Connection and as part of the system of the Centra obtain at least $40 a share for it. Upon learning later that all
■Railroad of Georgia.
the other holders of said stock had determined to sell their
9 The 01'der>appointing Mr. H. M. Comer receiver of the tw, shares, he consented to the sale of his stock at the price
roads, was rescinded, and an injunction was issued prohibit named, §35.
G EN E RAL B A L A N C E A T CLOSE O F E A C H F ISC AL Y E A R ,

A ssets—

189 0 -9 1.

189 1 -9 2.
$
9 8 ,6 9 9 ,2 5 0
1 0 ,0 3 3 ,7 4 0

1892-93.
$
102 ,82 0 ,1 2 2
9 ,8 2 5 ,9 9 0
308 ,98 5
1 ,4 6 7,32 3
1,7 4 1,21 8

June 10, 1S93.]

THE CHRONICLE.

Chicago Rock Island & I'ucillc. —AtCliicago, June7,stock­
holders of the Cnicago Rock Island & Pacific Railroad he 11
their annual meeting. The directors whose terms of office
had expired were all re-elected. Subsequently the directors
held a meeting and elected officers for the ensuing year as
follow s: President, R R. Cable, of Cnicago: First VicePresident, Benjamin Brewster, of New Y ork : Second VicePresident, W. G. Purdy, of Chicago ; Third Vice-President,
H. A. Parker, of Chicago.

973

addition to his duties as Comptroller, J. T. Harmer was ap­
pointed assistant to the President, and will represent the Pre­
sident in Boston in the latter’s absence.

National Cordage.—A plan for the financial rehabilitation
of this company has been devi-ed and will be submitted to
the security holders. The liabilities of the company are stated
to be about $1,500,000 in excess of the assets, the latter b-ing
about $10,500,000, as against $12,000,000 of the former. It is
proposed to issue $6,000,000 of collateral (rust 30-year 6 per
Cleveland Canton & Southern.—Holders of 26,000 shares cent bonds, which will cover all the properly of the com­
Cleveland Canton & Southern preferred stock have exchanged pany. There are some $4,000,000 of maturing notes, for which
the same for first preferred and 31,000 shares more have the holders have agreed to accept these bonds, and $1,000,010
agTeed to the exchange under the terms of the circular.
will be held in the treasury to take up prior liers. For work­
Cramp & Sons Co.—A Boston dispatch to Dow, Jones & Co. ing capital the preferred stock will be increased from the
said : ‘ ‘Stock of the William Cramp & Sons Ship & Engine present amount of $5,000,000 to $8,000,000. Of this increase
Building Co., of Philadelphia, was offered in this city for sale the preferred stockholders will te asked to take at par $1 000,for the first time this week, and at 106. Dividends of 2 per cent 000 and the common stockholders $2,000,000. A formal an­
are paid, payable quarterly. The capital stock of the company is nouncement of the plan outlined above w ill be made at once.
—Kieman's of June 9tli said: “ The secured creditors of the
$50,000,000. It employs 5,000 men and has contracts on hand
aggregating $20,000,000. The company’s net earnings exceed National Cordage Co. have agreed to accept at a fair price
20 per cent, not taking into account the premium of $200,000 6 percent debenture bonds for their claims. This will release
recently earned by the New York on her trial trip. Last year a large amount of both raw and manufactured material
the stockholders received, in addition to their regular S per which is now passing rapidly into the hands of distributers
and consumers. An issue of about $5,000,000 bonds will be
cent dividend, a stock dividend of 20 per cent.”
required for this purpose.”
Distilling & Cattle Feeding.—The mortgage of $8,000,Norfolk & Western.—A temporary receivership was or­
000 to the Central Trust Company of New York, to secure the
issue of bouds ordered by the directors has been filed in every dered for the Norfolk & Western RR. Co June 2 by Judge
county where the Tiust has property. There was a special Jackson, in the TJ. S. Circuit Court at Charleston, W. Ya.
meeting of the directors at Peoria, III, June 5, and President The order was made on the application of the assignee of
Greenhut said that the bids for the bonds offered in Chicago Thompson Bros., of Cutlettsburg, Kv., for $44,000 for labor
last week had been opened and considered. One bid bad been and material in the building of the Bluefield division of the
accepted, but President Greenhut refused to name the amount Norfolk & Western Road. On June 5 an order discharging
so li or the price received. He said that it was sufficient for the temporary receiver and dissolving the temporary injunc­
the present needs of the company.
It has been reported tion was granted by the same judge on the depositirg in
court of the amount of the claim.
since that the amount was $800,000 at 75.
On the state of facts as they have transpired, it seems
The company have concluded to shut down for an indefinite
period every distillery controlled by them throughout the incomprehensible that any judge should on an ex-parte apcountry. There are three of the eighty owned bv them now plicaiion have appointed a receiver for a great corporation
like the Norfolk & Western Railroad on a mere claim that
running.
had never been put in judgment. What would be thought of
Long Island.—The statement for the quarter and nine appointing a receiver for the New- York Central Railroad
months ending March 31 is as follows :
Company on some similar claim, without even giving notice
^ Q u a r . end. Mch. 3 1 .—>
- - 9 mos. end. M ch, 3 1 .—, of the application? In the interest of the public and of the
1 892.
1893.
1891-2.
1892-3.
holders of corporate securities this is a case that calls for in­
$
$
C iross e a rn in g s ........... 7 2 8 ,4 7 3
7 2 1 ,8 5 0
vestigation.
3 ,079',662
3 ,1 7 2 ,4 1 0
O p e r a tin g exp en ses. - 5 9 6 ,4 1 1
6 0 6 ,5 1 5
2 ,0 4 1 ,6 3 1
2 ,1 5 0 ,8 4 6
President F. J. Kimball said : “ Regarding the legal pro­
ceedings at Charleston, W . Va., brought by the assignee of
N et e a r n in g s ........ 1 32,062
1 1 5 ,3 3 5
1,0 3 8,03 1
1,0 2 1,56 4
Thompson Bros., contractors, against our company, wre have
O th e r in c o m e ..............
2 3,3 53
2 7 ,6 2 1
5 5 ,0 8 2
104,231
had no notice whatsoever of any suit having been brought
T o t a l ....................... 1 5 5 ,4 1 5
1 4 2 ,95 6
1 ,0 9 3 ,1 1 3
1 .1 2 5,79 5 against our company. Thompson Bros, had contracts upon
I n t., re n ta ls & t a x e s .. 2 1 4 ,7 1 1
2 3 8 ,4 3 8
6 6 0 ,3 4 3
7 1 6 ,3 0 6 our Ohio extension, and at the completion of their work our
S u rp lu s................. d e f 5 9 ,2 9 6
d e t.9 5 ,4 3 2 s u r.4 3 2 ,7 7 0 su r.4 0 9 ,4 8 9 company owed them about $29,000; but before settlement
Lonisvllle New Albany & Chicago.—President Thomas could be made Thompson Bros, failed and made an assign­
has issued a circular to the stockholders o f the Louisville ment, when some twenty of tbeir creditors attached the
New Albany & Chicago Railway Company, in which he amount due them in our hands, thus preventing our com­
pany from making settlement with Thompson Bros. Our
says:
“ The Central Trust Company receipts for stock deposited company has no knowledge whatever of the proceedings
taken
at Charleston, except as appears in the newspaper re­
in accordance with the classification plan of March 7th have
now been listed at the New York Slock Exchange. Iu view ports. Our company is prepared at any time to deposit the
of this, the company suggests to its stockholders who have amount in dispute with the court for distribution. As a mat­
not y et deposited their stock with the trust company, that ter of fact, out of a total expenditure of $7,000,000 upon the
Ohio extension, the amount still due contractors is but $40,they should do sa as soon as convenient.
“ The recent financial disturbances have affected materially 000, which includes the $29,000 due Thompson Bros.'
the quotation of the company’s securities, but there seems
Northern Pacific.—The subscriptions to the $12,000,000
nothing in the condition of the company's business to war­ collateral trust notes were completed yesterday.
These
rant any decline in the value of its shares. The General notes will provide for the entire floating debt; they mature
Manager has just prepared an estimate of the probable result in five years from May 1, and are subject to redemption at
of the fiscal year ending June 30th instant, based upon the par and accrued interest after May 1, 1893. The aggregate
actual results of ten months and estimated for the last two amount of the collateral securing the notes is, at their par
months. It is as follows: Gross earnings for the year ending value, $41,853,000, made up as follows:
June 30, 1893 (two months estimated), $3,327,687; add divi­
N orthern P a cific co n so l, m o r t e a g e .............................................. ^ $ ’ 999*595
dends from C. & W. I. Railway Co., $60,000, and dividends C
h ica go & N orth ern P a cific firs ts ................................................
3.,)00,<>u0
from Belt Railway Co., $14,400; total gross earnings, $3,402- C h ica go & C alu m et T erm in a l “ ................................................ 6 ,0 0 0 ,0 0 0
087, operating expenses and taxes (67>£ per cent), $2,298,- St. P aul & N orth ern P a ciflo s t o c k .............................................. 7 -,;V
C h ica go & N orth ern P a cific
“ ................................................
561; net earnings, $1,103,526; deduct fixed charges, interest, N
orth ern P a cific E x p r e s s
“ ................................................
3 4 3 ,0 0 0
rentals, etc., $948,088; surplus, $155,433.
$ 4 1 ,8 5 3 ,0 0 0
“ It will be seen that the above figures more than justify
the new arrangement of the company’s capital into preferred
Further details as to the issue were given in the Chronicle
and common stock.”
of May 27.
Manitoba & Northwestern.—The trustees of the bond­
Ohio Southern.—Cleveland Akron & Columbus.—Presi­
holders of the Manitoba & Northwestern Railroad were not dent George W . Saul, of the Ohio Southern and Cleveland
provided with the funds necessary to meet the interest due Akron & Columbus Railroads, has announced that arrange­
on June 1 last, and a receiver has been appointed. A meeting ments were being made to build a line from Springfield, Onio,
c f the bondholders for June 14 has been called, at which time to Columbus to connect the two roads.
a full and detailed report upon the state of the line and its
Pennsylvania Company.—The annual report of the Penn­
prospects is expected.
Mexican Central.—In Boston, June 5, at a meeting of the sylvania Company shows: Total income, $2,817,304; ex­
directors of the Mexican Central Railway Company, the penses, interest, &c., $1,587,330, leaving a profit, after ail ex­
organization was completed as follows: A. A. Robinson, Pre­ penditures, of $1,220,973. A 4 per cent dividend on the
sident, in charge of the general business and affairs of the $21,000,000 of stock was declared in March, 1893. and^ after
company, with offices at Boston and City of Mexico; R. R. the payment of this the surplus for the year was $389,973.
Symon, Vice-President, London, England; S. W, Reynolds,
Philadelphia & Reading.—The five persons named to con­
Vice-President and Treasurer, Boston, in charge of the finan­ stitute the trustees who shall hold a major tv of the stock in
cial department; Edward W. Jackson, Vice-Presipent and trust with voting power for seven years are Me-srs. Joseph S.
General Manager, City of Mexico, in charge of operations; J. Harris, E. T. Wilbur, Thomas McKean, R. C. MeMutrie and
T. Harmer, Comptroller, Boston, in charge of the acconnting Joseph F. Sinnott.
department and will report to the President; F. S. Auable,
It should be clearly understood that putting the stock in
General Auditor, Boston; C. A. Browne, Assistant Treasurer, trust simply gives the control of the road. If there is any
City of Mexico; W. A. Frost, Auditor, City of Mexico.
In chance of a dividend, however small, on the Reading stock in

974

THE CHRONICLE.

the next seven years (an event by no means impossible in the
vicissitudes of American railroads) the stockholders would get
their dividends just the same, whether the stock was in trust

[V ol . LVI.

d e p a rts aud B acum etits.
C H IC A G O

OTThe reorganization plan is received with favor by nearly all
parties, except the bears in the stock market, whose interest
lies in having everything wrecked, and the worse the condition of affairs the better they are pleased. There has yet been
no strong argument made against the plan as to any class of
stock or bond holders, and it is hardly conceivable that they
will be so blind to their own interests as not to accept the
liberal offer n ade by the syndicate, who propose to take no
comp*nsation for their trouble, unless it comes in the very
reasonable shape of a premium on the new bonds, which they
agree to take if the secuiity-holders decline to do so.
The fact is not sufficiently emphasized in the plan that the
option to purchase general mortgage coupons for five years is
only an option, and will not be exercised unless it is found
necessaiy. It is merely a financial safety-yalve which the
managers ask for to make them doubly safe in bringing this
property up to a thoroughly sound basis.
There seems to be every reason to anticipate that the Read­
ing plan will be fully accepted, if the stock ard bond holders
have sufficient time to consider it.
—The collateral row outstanding to secure the floating debt
of the Reading Company is as follows : Collateral trust bonds,
§9,801,000 ; general moitgage bonds, $41,000 ; first preference
bonds, $169,0<0; second preference bonds, $119,000; third
preference bonds, $2,200,000 ; Tamaqua Tract bonds, .$100,000 ;
Coal Hill bonds, $44,000; Ely & Riehle bonds, $106,000;
Monteret Iron and Steel Company bonds, $200,000 ; Tamaqua
Hazleton & Newburn Railroad Company, $600,000; Phila­
delphia Newtown & New York Railroad Company, $600,000 ;
Philadelphia Harrisburg & Pittsburg Railroad Company,
$1,100,000; 1.424 shares Market Company stock, $181,000;
total, $14,461,000.
—President Harris has issued a statement in which he says
that the issue of the proposed $22,000,000 collateral trust
bonds will not impair the rights of any o f the company’9 se­
curities. A syndicate representing $29,000,000 is pledged to
carry the plan into effect, if the general bondholders assent
to the purchase of their coupons for five years, and the stock
assents to a seven-year voting trust, but the bondholders are
not required to make any subscriptions to the collateral trust
bonds. President Hanis says this issue of collateral trust
bonds will liquidate the entire floating debt, release from
jeopardy $13,000,000 of securities now pledged for $6,867,000
of debt, pay for all equipment, cancel all prior coupons pur­
chased, and pay all ovet due claims. This plan will preserve
the integrity of the system and the yaluable cenneclionsmade
since 1888, and insure a continuity of policy and manage­
ment.
—The loan of $6,000,000, made by Speyer & Co. to the Read­
ing, has been extended, to give an opportunity for carrying
out the plan for the readjustment of the financial affairs of
the railroad ctmpany.
—The Board of Governors of the Philadelphia Stock Ex­
change have signified their assenttothe plan. This Exchange
has a surplus which is invested in various securities, among
which are Reading general mortgage 4s.
—The London Times says of the plan: “ Of course, on the
face of it, the ircome bondholders and shareholders are liber­
ally, perhaps too liberally, treated, since the so-called assess­
ments on their holdings are only voluntary—the whole onus
of finding the money to pay the company’s floating indebted­
ness falling upon the guarantee syndicate, who are presum­
ably satisfied with the value of the security offered them.
The approval of 90 per cent of the general four per cent
bonds is considered necessary to the proposal to sell their
coupons for five years at par in cash, or in new coupon bonds.
This is not likely to be withheld, but there will be some diffi­
culty in discovering the wheieabouts of all the holders. The
assent of the shareholders to a voting trust *
* is the
only means of warding off a foreclosure and a heavy enforced
assessment. Under the plan the income bondholders lose none
of their mortgage rights.”
—The argument in the case of Arnot vs. Lehigh Valley, in
which the question of the lien to the Reading is raised, was
heard by the Supreme Court at Harrisburg last week.
Richmond Terminal.—The offices of Messrs. Drexel, Morgan
& Co, weTe crowded yesterday with depositors under the reor­
ganization plan, to day being the limit of time fixed for the re­
ception of the Terminal securities. All classes of securities
called for under the plan are coming in and the success of the
reorganization appears to be assured. At a meeting at Louis­
ville the Louisville Southern bondholders accepted the terms
offered them.
Representative holders of Georgia Pacific securities have
communicated to Drexel, Morgan & Co. their willingness to
accept the reorganization plan on the following conditions:
the first mortgage to remain an undisturbed lien on the
property; holders to accept 5 per cent in cash for five years
and 1 per cent in preferred stock. Second mortgage bond­
holders will take 125 per cent in preferred stock; incomes 35
per cent in preferred, and common stock 50 per cent in new
common stock. It is understood that this modification of the
plan will be agreed to.
St. Lonlt Cape Giradean & Fort Smith.—At Jefferson City,
Mo., June 6, Judge Gantt filed an opinion in the Supreme
Lourt confirrmng Mr. Louis Houck as receiver of the St
Louis Cape Giraclean & Fort Smith Railroad.

R O C K

IS L A N D

R A IL W A Y

&

P A C IF IC

C O M P A N Y .

THIRTEENTH ANNUAL REPORT— FOR THE YEAR
ENDING MARCH 31, 1893.
The Board of Directors submit the following report for the
year ending March 31, 1893.
G ro ss E a rn in g s w e r e .................................................................... $ 2 0 ,9 7 1 ,1 1 0 2 5
Opera tin g E x p e n s e s and T a x e s ................................................ 1 5 ,0 8 3 ,6 8 8 5 7
N et E a r n in g s ............................................................................ $ 5 ,8 8 7 ,4 2 1 68
A d d n e t ca sli re c e ip ts o f la n d s o ld ...........................................
6 0 ,0 0 0 0 0
N et in c o m e .................................................................................. $ 5 ,9 4 7 ,4 2 1 6 8
F rom this a m o u n t h a s k een p a id —
F o r I n te re s t o n B on d ed D e b t ...................... $ 3 ,0 3 8 ,7 8 6 06
“ R e m a ls o f L ea sed L in es..........................
7 3 8 ,6 0 2 48
“ R e n ta ls an d T o lls M o. R iv e r B r id g e s ..
12 1 ,5 6 5 92
“ D iv id e n d o n C ap ita l S to c k —4 p e r c t . . 1 ,8 4 6 ,2 3 2 CO
“ l ’ rem iu m on $ 4 4 ,0 0 0 —5 p er ce n t E xt.
ana C ol B o n d s, p u rc h a se d f o r a c ­
c o u n t o f S in k in g F u n d u n d e r the
M o r t g a g e ....................................................
4 14 00
-----------------------5 ,7 4 5 ,6 0 0 4 6
S u rp lu s f o r th e y e a r ...................................................... .

$ 2 0 1 ,8 2 1 2 2

The Capital Stock and Bonded Debt is as follows:
C apital S tock is s u e d ...................................................................... $ 4 6 ,1 5 5 ,8 0 0 0 0
F ra ctio n a l S c-ip co n v e rtib le in to S to c k ...............................
200 00
Six p e r ce n t M o r tg a g e B o n d s .................................................... 12,3*00,000 0 0
F iv e p e r c e n t E x t . a n d Col. B o n d s ..........$ 3 8 ,9 9 0 ,0 0 0 00
L ess B o n d s p u rch a se d f o r a c c o u n t S in k­
in g F u n d ..................................................
2 1 3 ,0 0 0 0 0
-------------------------- 3 8 ,7 7 7 ,0 0 0 0 0
T h irty -y e a r D e b e n tu re B o n d s ....................................................
3 ,0 0 0 ,0 0 0 0 0
S even p e r ce n t C. & S. W . R y . B o n d s, G u a r a n te e d .......... 5 ,0 0 0 ,0 0 0 0 0

Main Line and Branch Railroads owned, leased and oper­
ated by the Chicago Rock Island & Pacific Railway Company,
at the date of this report, are as follow s:
LIN ES O W N E D .

M iles.
C h ica go, 111., t o C o u n cil B lu ffs, Io w a . ................................ 498*81
D a v e n p o rt, Io w a , to A tc h iso n , K a n ..................................... 3 41 -8 4
E d g e i t o n J u n o .. M o., to * L e a v e n w o rth , K a n ..................... 2 0-2 6
W a sh in g ton , Io w a , to K n o x v ille , I o w a .............................. 79
7-50
S outh E n g le w o o d , 111., to S outh C h ica go , 111.....................
W ilto n , Iow a , to M u scatine, I o w a .................... .................... 11-98
6 08
W ilton, Io w a , t o L im e K iln , I o w a .........................................
N e w to n , Io w a , t o M on roe, I o w a ............................................ 17
D e s M oin es. I o w a , to In d ia n o la a n d W interset-, I o w a .. 47*07
M en lo. Iow a , to G u th rie C en ter. I o w a ................................ 14-53
A tla n tic, I o w a , t o A u d u b o n , I o w a .................... .................. 2 4-5 4
A tla n tic , Io w a , t o G r is w o ld , I o w a ....................................... 14-71
A v o c a , Io w a , t o C arson , I o w a ................................................ 17-61
A v o c a . I o w a , t o H a rla n , I o w a .............................................. 11-8 4
4 -5 0
M t Z io n , Io w a , t o K e o sa u q u a , I o w a ...................................
49*66
A lta m o n t, M o., t o 8t. J o se p h , M o...................................
S outh St. J o se p h , M o., t o R u s h v ille . M o ............................. 14*70
K a n sa s C ity, M o., t o A rm o u rd a le . K a n ................................
2 -4 0
S outh O m aha, N eb ., to J an sen , N eb ..................................... 107*05
E lw o o d . K a n ., to L iberal, K a n ............................................... 4 3 9 '5 4
H e rin g to n , K a n ., t o T erral, Ind. T e r .................................... 3 4 9 -0 7
H e iio g t o n , K a n ., t o S alina, K a n ........................................... 49*30
H o rto n , K a n ., t o R o sw e ll, C o lo ............................................... 568 "6 5
F a irb u ry , N eb ., to N elson, N eb ............................................. 5 1-5 3
M cF a rla n d , K a n ., t o B e lle v ille . K a n .................................. 1 0 3 -9 3
D o d g e C ity , K a n ., t o B u ck lin , K a n ..................................... 2o*64
2 ,3 7 9-8 4

T o ta l m iles ow n ed .
LIN ES L E A S E D .

B ureau, 111., to P e o ria , III.......................................................... 4 6 -TO
K e o k u k , Io w a , to D e s Moin* s, I o w a ........................ . . . . . 162 2 0
D e s M oin es, I o w a , to F o r t D o d g e an d R iith v e n , I o w a . 1 43-76
T o ta l m iles le a s e d ..................................................................... . . .

3 5 2 -6 6

T R A C K A G E RIG H TS.

O v er H a n n ib a l & St J o se p h R R .—
C am eron . M o., t o K a n sa s C ity, M o .................................... 5 4-30
O v e r U n io n P a cific R y .—
C ou n cil B luffs Io w a , t o S outh O m aha, N eb ...................
7 -02
L in co ln , N eb ., to B e a trice , N e b ........................................... 4 0 21
K a u sa s C ity, M o., to N orth T o p e k a , K a n ....................... 67-3 5
L im on, C olo., to D e n v e r. C o lo ............................................. 8 9 20
O v er D en ver <fc R io G ra n d e R tt.—
l> enver, C olo., to P u e b lo , C o lo ............................................ 119*60
T o ta l m iles tra ck a g e rig h ts ..................................... ...................

3 77 6 8

T o ta l m iles o f ro a d o v e r w h ich tra in s a re o p e r a t e d ......... 3 ,6 1 0 1 8

The Road is located in different States as follows:
2 36 -1 8 m iles
1,067*75
“
286*35
“
1,125*85
“
293 4 0
“
3 7 6 -3 6
“
1 67 -8 9
“
5640
**

in Illin ois.
“ Io w a .
“ M issouri.
“ Kansas.
“ N ebraska.
“ C o lo ra d o .
“ In d ia n T erritory .
“ O klahom a.

3 ,6 1 0-1 8 m iles.
A d d 200 94
•• o f s e co n d tra ck .
“
9 05
“
*• th ird tra ck .
•• 6 6 9 9 9
“
“ sid e track.
E q u a l to 4 ,4 9 0 -1 6 m ile s o f s in gle tra ck .

Statement showing the details of Earnings and Percentage
of Operating Expenses as compared with the previous fifeal year:
S ources o f R evenue —
M arch 3 1 ,1 8 9 3 .
P a ss e n g e r T ra n s p o rta tio n ................... # 5 .8 1 3 ,1 4 5 9 0
F reig h t
“
1 3 ,3 0 2 ,1 9 6 3 2
M ail
“
4 5 5 ,1 7 8 26
E x p re ss
“
3 4 7 .8 2 8 30
R en ts, In te re st, e t c .................................
7 9 4 ,3 6 8 01
E a rn in g s fr o m C ar M ile a g e .................
2 18 ,7 4 1 23
“
“
T e legra p h L in e s .........
9 ,6 o 2 23
T o ta l G ross E a r n in g s .................... $ 2 0 ,9 7 1 ,1 1 0 25

M arch 31, 1892.
$ 5 ,2 1 6 ,7 6 1 0 6
1 2 ,2 8 9 ,6 3 6 44
4 3 7 ,6 0 7 84
3 3 2 ,1 0 3 26
1 7 7 ,0 0 2 11
2 2 7 ,2 8 9 99
9 ,6 7 4 88
$1.8,690,075 58

J une 10, 1898.]

THE CHRONICLE.

E xp en d itu res—
M arch 3 1 ,1 8 9 3 .
B ro u g h t fo r w a r d .......................................
$ 30 ,071 , 1/0 s j
O p e ra tin g E x p e n s e s ............................ I t,28 \ 0 3 3 92
T a x e s .........................................................
7 9 8 ,6 5 1 0 5

M arch 3 1 ,1 8 9 2 .
%/fi,t>qo,o75 5 S
1 2 ,3 8 5 ,8 0 >39
7 0 1 ,1 9 0 22

N et E a r n in g s ..................................... $ 5 ,8 8 7 ,-1 2 1 0 8
P e rc e n ta g e o f O p era tin g E x p eu s es
to G ross E a r n in g s ............................... 6812,00p e r c e n t
S am e, in clu d in g T a x e s ........................ 71»3l00 p e r ce n t

6 0 2 ilo o p e r ce n t
7 0 > '*,oop e ro e n t

$ 5 ,5 1 3 ,0 1 8 97

P assenger E arnings.—Iu cimparison with previoui year,
Passenger Earnings show an increase of $636,384 84 or
12 01-100 per cent, which is made tip of a decrease in earnings
from connecting lines of 822,677 01, or 2 23-100 per cent, and
an increase in earnings from business originating on our own
line of 8649,061 85, or 15 45-100 per cent.
Total number of passengers carried increased 571,2481.<, or
10 48-100 per cent.
The number of first-class passengers carried increased 581,189J4, or 10 75-100 per cent.
The number of second-class passengers and emigrant pas­
sengers carried decreased 9,941, or 20 60-100 per cent.
The number of passengers carried one mile increased 45,961,488, or 2i per cent.
The average distance traveled by each passenger during the
year ending March 31, 1892, was 40 miles, and during the past
year was 44 miles.
The number of through passengers (passengers delivered to
or received from coanecting lines) increased 20,662, or 9 30-100
per cent, and the number of way (local) passengers increased
650,586^2, or 10 53-100 per cent.
Of all the passengers carried 3,031,714, or 50 32-100 per cent,
traveled west, and 2,992,558,o r 49 68-100 percent, traveled e 1st.
The rate per passenger per mile for the year ending March
81, 1892, was 2 298-1000 cents, and for the year ending March
31, 1893, it was 2 113-1000 cents.
The passenger business at 345 stations shows an increase of
$728,989 03, and at 177 stations a decrease of 8103,694 19.
Tlie number of passengers carried during the year shows an
increase at 342 stations of 812,84414. and a decrease at 179 sta­
tions of 271,596.
F reight Earnings.—Freight earnings for the year in­
creased $1,012,559 88, or 8 24-100 per cent.
The revenue from through freight (freight delivered to or
received from connecting lines) increased $69,653 72, or
1 14-100 per cent, and the revenue from local freight increased
$942,906 16, or 15 26-100 per cent.
Of the entire freight earnings 46 47-100 per cent was from
through freight and 53 53-100 per cent from local freight.
The movement of freight as compared with the previous
year shows an increase of 682,616 tons, or 10 4-100 per cent,
the rate per ton per mile being 1 5-100 cents, the same as for
the last fiscal year.
Gross E arnings show an increase of $3,231,034 67, or
12 20-100 per cent,
- r_
N et E arnings show an increase of $344,402 71, or 6 21-100
per cent.
. O pehatjng Expenses show an increase of $1,899,173 53, or
lo 83-100 per cent.
Taxes increased $37,458 43, or 4 93-100 per cent.
_
Full details of the foregoing, as also statements of Assets
ana -Liabilities, Income Account, and valuable statistical iutormatum, will be found forming a part o f this repirt.
ih e amount.charged to Construed in and Equipment A c­
counts for the year is as follows :
F o r L a u d , L a n d D a m a g e s .............................................................. $ 2 7 9 .4 1 0 01
E n g in e e rin g anti C on tin gen t E x p e n s e s ...............................
7 ,7 * 5 43
M a son ry , B rid g e s an d C u lverts ................... .......................
1 1 3 ,7 8 0 0 1
® <-Jrades, F illin g T restles, e t c .................................
8 .9 1 0 92
w Vi0*1? 1.5’ S hops, Ensiue. H ou ses, W ater Sta tion s, e tc.
3 3 3 .8 9 0 15
N e w M a ch in e ry to r S h o p s .......................................
2,528 00
A U ditiona! S econ d T ra ck (21-100 m ile s )..............................
2 .0 0 9 8 7
A d d itio n a l Side T ra ck (60 3 3-1 0 0 m ile s ).............................
3 8 6 ,0 19 30
N e w E q a ip m e n t .............................................................................
7 84 ,59 5 54
«^,T «asl£a-r?xte,ieic,u (L in coln to J ausen. N e b .)...............
811,1 70 52
s o u th e rn E x te n s io n (M lnco t o th e Rett R iv e r ) ................. 1,318,111 SO
$ 4 ,0 5 0 ,8 7 2 03

L and, L and D amages.—The principal items of expendittires for this account during the year were for the purchase
01 land in the city of Lincoln, Nebraska, for passenger depot,
ireight depot, passenger and freight yards, and for right of
way through the city. By the purchase of this property the
company has acquired excellent terminal facilities in one of
the most enterprising and growing cities in the S tu e o f Ne­
braska, and a large business will be the result.
*3f ^
t -1
1 1i°na! Purchases of land have also been made at Blue
island (the Chicago terminal freight yard), and at Omaha.
A et>., for terminal facilities.
'
Masonry , B ridges and Culverts.—At Blue Island, III.,
a viaduct is in process of construction, which, when com­
pleted, will be, including approaches, 1,538 feet iu length.
Ihis will avoid necesdty of grade crossings in our new yards,
mentioned in last year’s report.
1 ~
Island, 111., the bridge over the Mississippi River
has been improved by strengthening the spans and putting in
new stone a outment at draw.
In Iowa and Missouri new stone abutments have been placed
under seventeen-(17) bridges.
At Colorado Springs a new- viaduct thirty (30) feet wide is
in process of construction at Bijou Street to avoid crossing.
N e w B u i l d i n g s , — N ew- Depots have been built at the fol­
lowing points: At West Pullman, a brick building; at South

975,

Chicago, frame addition, two story; atUrinuell, a brick building with stone trimmings, built j dully by this company and
the Iowa Central Railroad Company.
On Winterset Branch, at crossing of Des M ones & Kansas
City Railway, frame building and wing.
At Beatrice, Neb., Passenger Depot purchased from Kansas
City Wyandotte & Northwestern Ry. Co.
At Philiipsburg, two-story frame Hotel and Eiting House,
At Caldwell, Kan., frame Eating House, with wing.
At Blue Island, III., an Engine House, a Boiler Shop and
Repair Shop, Oil House, Electric Light Plant, an extensive
Water Plant, Ice House, freight Transfer Depot, Coal Chutes,
also Superintendent’s Office, have been erected. These im­
provements are all of the most substantial kind, an 1 consti­
tute a part of the terminals for freight business which have
been built at this place (16 miles from Chicago) during the
past two years. This improvement is intended to relieve our
Chicago terminals and all freightbusinessnotactuallypertainiug to the city of Chicago is now being handled at these
new terminal yards.
V alley Junction S hops,—This improvement consists of
the following buildings and fixtures :
One brick Machine Shop, with iron and slate roof.
One briejr Oil House, steel roof.
One brick Office and Storehouse, steel roof.
Oue brick Engine House, with turn-tables, complete.
Also Storage Sbed, Water Tank, Sand House, Transfer
Table, Coal Chute, Ac. The shops are so located (five miles
west of Des Moines, Io wa,) that they are equally available for
repairs of engines of the Iowa Division, Keokuk & Des
Moines Division and Des Moines & Ft. Dodge Division.
At Altamont, Mo., a new Engine House has been built.
At Beatrice, Neb., a brick Engine House has been purchased
from the Kansas City Wyandotte & Northwestern Ry. Co.
At Goodland, Kan., an addition has been made to the en­
gine house.
At Brooklyn, Iowa, a coal chute has been built.
Large ice houses have bleu erected at the following sta­
tions : At Green River, III. : at Rock Island, 111. ; at Armourdale, Kan.
At Stockdale, 111., ten acres of land have been purchased
on which has been erected two sheds, with stone piers and
gravel roof, to be used as sheep yards. Feed yards have also
been established at Belleville, Kan., and at Roswell, Col.,
where sheds have been built.
New track scales have been placed at 4 1th Street, Chicago,
at Albright, Neb., and El Reno, In i. Ter., to be used in
weighing cars.
Extensive additions have been made to water supply at
Peoria, 111., Washington and Eldon, Iowa and Trenton, Mo.
N ew Equipment.—To the equipment of the road have been
added during the year :
Twelve (12) Locomotives ; six (6) Sleeping cars, in which
this Company ovyns half interest; forty(40) Passenger Coaches;
four (4) Dining Cars; five (5) Combiaatioi Passenger and
Baggage Cars ; four hundred (400) Stock Cars ; six (6) Caboose
Cars ; one (1) Little Giant Steam Excavator.
There has also bsen purchased or built at Com iany's Shops
the following Equipment to take the place of old and worn
out, the cost of which Ins been charged to repairs :
Thirteen (13) Locomotives; six (6) Postil Cars; three (3)
Baggage Cars ; five hundred and sixteen (516) Freight Cirs of
various kinds.
S econd Track .—The second track on South Chicago line
has been extended from Escanaba Aveaue to crossing of
P. F. W . & C. Ry., a distance of 21-100 miles, thus completing
double track on said line.
Side Tracks.—A t South Englewood and Blue Island, IU.,
extensive terminal freight yards have been established, men­
tion of which was made in last year’s report. The new side
tracks at these two points aggregate 31-01 mile3.
Additional side tracks other than mentioned above have
been constructed on the several Divisions of the road aggre­
gating 29 3 J miles; in this mileage is included 3-75 miles of
focond track on the Suburban line between Walden and Blue
Island, 111.
N E B R A S K A E X T E N S IO N .

During the year this line has been extended from Lincoln
to Jansen, Nebraska, 52-26 miles, thus reducing distance be­
tween Chicago and Denver about eleven (11) miles, as well
as opening up a good farming district, from which a large
business can be expected.
Depots and Stock Yards have been constructed at desirable
points and side tracks laid aggreg iting 5-83 miles
SOUTHERN EXTENSION.
'sSMI
The extension of this line from Miaco, Indian Territory, to
the Red River, a distance of 102 miles, men' i me I in our last
year's report, has been completed.
At the crossing of the river it connects, over an iron truss
bridge owned jointly by the two companies, with the railway
of the Chicago Rock Island & Texas Railway Company, a coiporation organized under the laws of the State of Texas, now
constructing a line of road from said junction at the Red
River to the city of Fort Worth, Texas. With the Chicago
Rock Island & Texas Ry.Co., this company has financial and
traffic agreements under which the C. R. I. & P. Ry. Co. sup»
plies all funds necessary to build and equip the road in con-

THE CHRONICLE.

976

Y ol. LYI.

federation of receiving all the stock and all the bonds of the
Texas Company, the latter issued at the rate of $15,000 per
mile of completed road and additional for equipment to an
amount equal to cost of same, not exceeding $5,000 per mile.
COMMERCIAL EPITOME.
The traffic agreement between the two companies provides
F r i d a y N ig h t , J u n e 9 , 1 89 3 .
for interchange of business on an equitable basis. The Chi­
cago Rock Island & Texas Railway is now completed and in
Operations in general merchandise have again been con­
operation to Bowie, Texas, a station on the Denver, Texas &
Fort Worth Railroad, twenty-four and a half miles south of ducted with much caution. A close, careful scrutiny of
the Red River, and when completed to Fort Worth, about credits and the voluntary curtailment of investments by a
August 1st, next, a very considerable portion of the business, large number of buyers restricts the volume of business to
1 oth passenger and freight, to and from the State of Texas, boundaries of early necessities. Speculation in staple com­
will be done by the route.
modities is of very limited character. There has been a very
good export trade in wheat but foreign demand for corn is
T o the officers and employees of the company the acknowl- slow, and shipments of flour are confined principally to the
edg mints of the Board of Directors are due for efficient and
low grades. Cured meats are dull in consequence of high
fait iful services rendered.
cost. Declining prices of dairy products serve as an attrac­
By older of the Board of Directors.
tion for increased foreign orders. The latest advices regard­
R. R. CABLE, President.
ing the cotton crop are promising. Winter-wheat conditions
are maintained equal to one week ago and the spring crop is
C O N D EN SED B A L A N J E SH EE T O F T H E
C H IC A G O R O C K
reported as having a good start in most localities. Corn and
IS L A N D A P A C IF IC R A I L W A Y C O M P A N Y , A P R I L 1, 1893.
oats have made fair progress.
CREDIT BALANCES.
Lard on the spot has been quiet and prices have further de­
Liabilities.
clined, closing dull at 9c. for prime City, 10’loe. for prime
C apital S tock fixed $ 5 0 ,0 0 0 ,0 0 0 ; a m ou nt
Western and 10‘oOe. for refined for the Continent. The
issu ed .............................................................. $ 1 6 ,1 5 5 ,8 0 0 03
speculation in lard for future delivery in this market has
F ra ctio n a l S crip ou tsta n d in g , c o n v e r t­
ib le in to S tock .............................................
2 0 0 00
continued dull, and in the fore part of the week prices de­
----------- -------------$ 4 0 ,1 5 6 ,0 0 0 00
S ix p er ce n t M ortg ag e C ou gon B o n d s ...
4 ,6 5 0 ,0 0 0 00
clined under realizing sales, due to the distress in financial
S ix p e r c e n t M ortgage R e g istered B o n d s 7 ,8 2 0 ,0 0 0 0 0
1 2,5 0 0 ,0 0 0 0 0 affairs at the West; but subsequently the loss was partially
F i v e p f r ce n t E x te n s io n C oup on B o n d s. 3 4 ,2 3 5 ,0 0 0 00
recovered on buying by “ shorts” to cover c antracts, stimu­
F ir e p e r c e n t E x te n s io n R eg ist’ d B o n d s.
4 ,7 5 5 ,0 0 0 00
3 8 ,9 9 0 ,0 0 0 0 0 lated by a brighter outlook in financial circles and small re­
F iv e p e r cen t D eb en tu re C oupon B o n d s. 2 ,9 9 5 ,0 0 0 00
ceipts of swine at primary points. The close was steady.
F iv e p er c e n t D eb en tu re R eg ist’d B o n d s .
5 ,0 0 0 0 0

C o m m ^ rc x a l JJtmcs.

3 0 0 0 .0 0 0
5 ,0 0 0 ,0 0 0
8 ,2 1 3 ,0 0 0
1 ,2 8 3 ,6 4 4
1 ,020,993

C h ica go A S outhw estern R y . B on d s gu aran teed .
A d d itio n and Im p ro v e m e n t A c c o u n t ....................
A c c o u n ts P a y a b le ...........................................................
P ro fit B a la n ce o f I n c o m e A c c o u n t ..........................

00
00
00
50
44

$ 1 1 6 ,1 6 3 ,6 3 7 9 4

DEBIT BALANCES.

A s cts.
C o s t o f R o a d and E qu ip m en t, in c lu d in g a ll B ra n ch
R o a d s ow n ed b y the C om p a n y (E x c e p t So. E x te n s io n ).$100, 389,353 39
Cost o f R ailroa d B iid g e a t R o c k Isla n d .........
7 58 ,52 6 1 0
C o s t o f S outhern E xten sion ( M i u c o ,I .T .,t o R e d R i v e r ) .
1 .672,242 16
C apital S tock and B on d s o f co n n e ctin g ro a d s .................
8 ,7 31.890 35
L o a n s and oth er I n v e s tm e n ts ..
517 ,53 5 31
A d v a n ce s m ad e to th e C h ica go R o c k ’ isla n d ’ & T ex a s
K y. Co. as p e r a g re e m e n t d a ted J a n u a ry 2 , 1 8 9 3 . . . .
3 0 8 ,9 8 4 69
*J' A P. R y . C o. C ap ita l S tock o n h a n d .................
12,1 00 0 0
hand & P ' K y' C° ' S ix I'c r ce n t M ortg ag e B o n d s on
4 00 .00 0 00
C°- F ive p e r ce n t E x te n s io n an d C ol­
4 6 9 .0 0 0 CO
P up d A ccou n t, First" M ortg ag e E x ten s ion and
C ollateral F iv e p e r cen t B on d s p u rc h a s e d ....................
2 13 .00 0 0 0
S tock o f M aterial, F uel, e tc., o n hand
1 ,4 67,322 56
A c c o u n ts R e c e iv a b le ........... ............................
..........
9 08 ,81 2 37
Cash and L oa n s (p a ya b le on d e m a n d )...................... I l l ”
3 14,871 01
$ 1 1 6 ,1 6 3 ,6 3 7 94
IN C O M E

ACC O U N T.

C h ic a g o R o c k I s l a n d & P a c i f i c R
1, 18 9 2 ,

to

M

a il w a y

arch

C o m .-a

n y

,

from

A

p r il

31, 1S93.

1892.

M ay
M ay
J u ly
J u ly
A u g.

2. T o D iv id e n d p a id —1 p e r c e n t ...................
2. “ In terest p a id on C. A S. W . K y. B on d s..III."
1. ( In terest p a id on 6 p e r ce n t B on d s.......
1. ’ In te re s t p aid o n 5 p e r ct. E x t. A Col. B ond s
1,
—1 p e r c e n t _______
Sept. l. II D iv id en dppaaididon
3 0 -y ea r 5 p ct. Deb. B ’ nds
N o v . 1.
D iv id en d p aid —1 p e r c e n t .............
N ov i.
In teres t p a id on C. & S. W. R y . B o n d s . . . . ”
1893.

$ 46 1 ,5 5 8
1 75 .00 0
3 6 3 ,' 00
896 ,43 6
4 61.558
75.000
4 61 .55 8
1 7 5 .00 0

00
00
00
06
00
00
00
00

D A IL Y CLOSIN G P R IC E S O F L A R D F U T U R E S .

Sal.
J u n e d e liv e r y .. . . . . . . . . -C. 1 0 5 0
lu ly d e liv e r y ........ ........e. 10*65
S eptem ber d e liv e r y ____c. 11 0 0

M on.
10-1 0
10*20
11*55

Tues.
10-25
10-3 5
1 0 -8 0

Weil.
10-2 0
1 0-5 0
1 0 -5 0

Thurs.
F ri.
10 05 1 0 1 5
10*20 10*35
10 70 10 85

Pork has sold slowly and pi ices have declined, closing at
$20@$20 50 for mess $ 2 0 50 a$22 for short clear and $31 @
$21 50 for family. Cut meats were without change and quiet,
closing at ll(gll3^c. for pickled bellies, 10@12 lbs. average, 13
@13J^c. for pickled hams and 9@9!4)c. for pickled shoulders.
Beef is without change and steady at $7 50@$9 for extra mess,
$9(oS10 for packet, $10^$12 for family and $133$17* for ex­
tra India mess. Beef hams are quiet but steady at $18. Tal­
low has been quiet but steady at oj^c. Lard stearine has de­
clined to ll% (g l2 c. in hhds and tcs. Oleo stearine is Irwer,
closing at 8 J4 C. Cotton seed oil has been quiet but steady,
closing at 40c. for prime crude and 45@46c. for prime yellow.
Butter is quiet and easy at 16®20^c. for creamery. Cheese
is fairly active and firm at 8@9J^e. for State factory full
cream. Fresh eggs are dull and weak at I d1 ,g l5 % c . for
Western.
Coffee has been held with firmness, but business restricted
by extreme caution among all classes of buyers. Offerings
fair. Rio quoted at 17c. for No. 7 ; good Cucuta 20%c. and
interior Padang 23^<g25c. Contracts have shown considerable
irregularity, chiefly under local manipulation, the market
offering no attraction for fresh speculation. A t the close
to night trading is slow and the tone easy. The fallowing are
the final asking prices:
J u n e ...............X 6 * 1 0 e . I S e p t . . . ............... 15*25c. I D e o ...................... 15-00e.
J u ly ........
1 5 55c. O c t . . .
.........15-15o. J a n . . . . . . . . — ------------A u g .....................15 4 0 c . I N o v .....................1 5 0 5 c . I

Raw sugars have strengthened in value through influence
of stimulating accounts from primal markets, closing with
very light offerings. Centrifugal quoted at4?gC. for 96 deg. test
and Muscovado at 3%c. for t-9 deg. test. Refined sugars more
active and higher ; granulated quoted at 5}£c, O.her leading
groceries neglected.
J an . 2. II ^nterest p aid on 6 p e r ce n t B ond s...............
3 6 3 .00 0 00
Kentucky tobacco has been in light request but prices ho'dJ a n . 2.
In
terest
p
a
id
o
n
5
p.
ct.
E
x
t.
A
Col.
B
on
d
s.
9 1 6 ,35 0 00 firm. Seed leaf tobacco was in fair demand and steady; sales
F eb . l . t D iv id eu d p aid — 1 p e r c e n t ...............
4 61 .55 8 00
M ar. 1. (, In te re s t p a id on 3 0 -y ea r 5 p. c. D eb. B on d s
7 5 .0 0 0 00 for the week 1,600 cases, as follows; 300 cases 1891 crop, Penn­
M ar. 31.
R en t P eoria & B ureau V alley R R ...................
1 25 .00 0 0 0 sylvania seed leaf, 10@14c.; 200 cases 1891 crop, Pennsylvania
M a r.3 1 .
I^enfc K cokuL 6c D es M oines K y .................
158,721 44 Havana, 133^(§30c.; 350 cases 1891 crop, Wisconsin Havana,
M ar. 31. , R<-nt D es M oines 6c Fort D otU e R R ...............
1 42,077 26
M a r.3 1 . ‘ R en t H annibal Sc St J osep h R R .........
4 3 .5 3 8 76 8 / 1> @ llc.: 130 cases 1891 crop, State Havana. 13j20c.; 50
Mur. 31.
P acific R y ., C. B luffs to So. Omaha".
4 5 .0 0 0 00 cases 1891 crop, New England Havana, 23@55c.; 150 cases
M ar. 31. „„ £ en t UU. P a cific K y.. L in coln to B ea trice
15.0 82 00 1891 crop, Zimmer’s, ll@ 1 2 c.; 150 cases 1891 crop, Dutch, 12@
M a r.3 1 .
. JJ- r a c - R y - K a n . C ity to N o. T o p e k a .
3 5 ,9 0 0 28
M ar. 31. <■ S
P 111011 P a cific R y ., Liiuou to D e liv e r ..
5 4 416 47 13c.; 100 cases 1890 crop, Wisconsin Havana, 144£ a 17c.._ and
M ar. 31. ««
5 e.nt D en v er A R io G ran d e R R ......................
1 18 ,86 6 27 150 cases sundries, 7(§35c.; also 700 bales Havana, 72c.@$l 10,
M ar. 31.
121 ,56 5 92 and 500 bales Sumatra, $2 65@$4.
Mar. 31. .. T, la * R e n d s p a id M issouri K iv.B ’ d g e Cos.
I rem ium on $ 4 4 ,0 0 0 5 p e r ce n t E xt. A Col.
The speculative dealings in Straits tin have been moderately
4 1 4 00
M a r . 3 1 . „ - R on d s p u rch a sed fo r A c e ’ t o f Sink. F u n d ,
o p e r a t in g E x p en s es and T a x es from A p ril
active and prices have advanced on speculative manipulation,
1, 1892, to M arch 31, 1 8 9 3 .............
Mar. 31.
B a la n ce ............................
........ 1 5 ,0 8 3 ,6 8 8 57 closing firm at 19'35@l9-65c. Sales for the week were about
1 ,0 2 0 ,9 9 3 44 600 tons.
Ingot copper is without change, and quiet at
10*80c. for Lake. Lead has declined underpressure by holders
$ 2 1 ,8 5 0 ,2 8 2 4 7
to sell, closing easy at 3*75c. Pig iron is quiet and unchanged
1 89 2 .
---------------- -------- at $12 75 *4§15 50.
^1893'.’ B y B ala n ce from p rev iou s y e a r .............................
$ 8 1 9 ,1 7 2 32
Refined petroleum is fairly active and higher at 5’25c. in
bids., 2 75c. in bulk and 5‘85c. in cases; crude in bbls. is un­
“ ^M
a r c h aoi,
31,ini f 9 3 , r.........
° m APIU
1 8 9 2 ’ “ > Ort Q171 1Tnn- Achanged, Washington closing quiet at 5c.'in bbls. and 2‘50c.
‘UillUl
.
Crude certificates have advanced
V R eceip ts fro m Land D ep a rtm en t..................I
’ 6 o l c c o 0 0 l in bulk: naphtha 531c.
and the close was steady at 6 8 %c. asked. Spirits luipentine
$ 2 1 ,8 5 0 ,2 8 2 4 7 I is quiet and a trifle easier at 28%@29c. Rosins are dull and
1893.
easy at $1 25(gl 27J-4 for common and good siiained. Wool
A p ril 1. B y B a la n ce.
$ 1 ,0 2 0 ,9 9 3 4 4 is dull and weak. Hops are firm but quiet.

THE CHRONICLE.

J une 10, 1898.1
C

O

T

T

O

N

.

Friday Night, June 9, 1893.
The Movement of the Crop , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 25,296 bales,
against 25,586 bales last week and 25,859 bales the previous
week, making the total receipts since the 1st of Sept., 1892,
4,930,402 bales, against 6,937,712 bales for the same period of
1891-2, showing a decrease since Sep. 1,1892, o f 2,057,310 bale .
R eceip ts at—

if on.

S at.

G a lv e s t o n .........
E l P a so, & e ..
N e w O r le a n s ...
F l o r i d a ...............
S a v a n n a li..........
B ru n sw ’k , <fcc.
C h a r le s to n ........
P t. R o y a l, &c.
■W ilm ington___
W asil’ ton , &c.
N o r fo lk ...............
W e st P o in t ...
N ’p o r t N ., &c.

122
......
687
6

378
......
2 ,9 5 7
10

739
......
159
......
23
......
195
273
......

340
..........
113
......
1
......
28
57
......

T u et.

Wed.

280
......
2 ,3 0 9

59
..........
598
67

......
918
......
48
......
38
......
91
60
......
449
239

F r i.

T h u rs.

829
......
8
..........
136
......
15
51
......

567
.........
1 ,2 6 3

Total

394
748
477
5
101
1 ,2 3 0
......
106
..........
61
..........
251
45
200

......
253
......
227
..........
16
......
34
75
......
200

1 ,800
748
8,311
88
101
4 ,4 0 4
......
661

977

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
Oarey, Yale & Lambert. 24 Beaver Street.
On S hip boa rd, n o t clea red —-for
J u n e 9 at—

Great
B rita in .

Other
France. Foreign

L ea v in g
Stock,

Coast­
wise.

Total.

1.019
2,057
500
100
N on e.
1 ,0 0 0
N one.
N one.

9,371
5 ,0 ->l
2 500
2,100
N one.
4,600
12.100
9 ,5 0 0

1 08,9£fr
25,6 21
2 3 ,8 4 8
2 2 ,4 9 4
7 .8 1 6
8 ,2 6 7
1 7 9 .4 4 2
2 4 ,6 9 4

N ew O r le a n s ...
G a lv e sto n .........
8 a v a n n a h .........
C h a rleston ........
M o b ile ...............
N o r f o lk ___ ___
N ew Y o r k .........
O ther p o r t s ___

3 ,6 1 7
N one.
N one.
N one.
N one.
3 .0 0 0
2 .5 0 0
5 .0 0 0

3 .0 5 0
N one.
N one.
N one.
N one.
N on e.
1,000
N one.

865
2,964
2 .0 0 0
2 ,0 0 0
N one.
600
8 ,6 0 0
4 ,5 0 0

T o ta l 1 8 9 3 ...

14,1 17

4 ,8 5 0

2 1 ,5 4 9

4 ,6 7 6

4 5 ,1 9 2

4 0 1 ,1 6 4

T otal 1 8 9 2 ...
T otal 1 8 9 1 ...

3 0 ,5 7 9
2 6 .3 1 4

4 .6 5 0
5 ,1 4 0

16.2 99
5,664

6 ,877
5 ,3 3 7

58,4 05
42.555

5 7 8 ,8 2 3
3 0 0 ,7 1 3

Speculation in cotton for future delivery at this market has
been more animated during the current week. For a time614 the tone wa3 rather strong, in response to good trade accounts
561 from Manchester and free sales of cotton on spot at Liverpool,
2 DO but the inquiry was principally to cover “ short” engage­
649
ments. The failure to attraot fresh investment demand and
1,671
667
266
454
........
B a lt im o r e .........
723
728 the receipt of more promising crop advices subsequently
722
P liila d e lp li’ a & c
729
4 ,4 7 7 caused a reactionary feeling. On Saturday there was a sharp
183
2 ,6 3 5
203
upward flurry of 20 poin's, caused by local covering and a
T o t ’ ls tills w eek
25,2 96 few buying orders from Europe and the South, but on Mon­
3 .0 5 4
4 .4 6 2
2 ,4 2 5
3 ,3 3 9
6 .7 8 5
The following show3 the week’s total receipts, the total since day the a ivance disappeared again through absence of fur­
ther demand a n l an effort on pirt of local traders toSept. 1, 1892, and the stock to-night, compared with last year
realize upon small temporary purchases. During Tuesday
S tock .
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
and Wednesday prices were placed on the upward incline
Receipt ts to
again through a forcing process of manipulation, but oper­
This
Since Sep. This
S ince Sep.
J u n e 9.
1892.
1893.
ators were disappointed in the hope of attracting investing
W eek. 1 ,1 8 9 2 .
Week
1 ,1 8 9 1 .
orders from outside sources. Yesterday quite a general im­
G a lv e s t o n ...
3 0 ,6 4 2
1 ,3 0 0 1 ,0 3 3 ,1 5 0
1,903 1 ,1 3 3,46 5
2 2 ,5 8 7 provement in the tenor of current crop advices and the
E l P a so, & c
7 43
329
5 4 ,0 7 7
4 3 ,0 0 6
C h r o n i c l e ' s estimate of increased acreage served to check
8,311 1 ,5 3 5 ,4 3 3
N e w O rleans
9 ,3 4 0 2 ,4 4 4 ,3 9 5
1 3 7 ,53 9 bullish efforts and the market eased off. To-day the weak
1 1 8 ,3 5 3
M o b ile ...........
88
1
3
,0
2
5
1 6 6 .8 3 1
830
2 6 2 .9 7 7
7 ,8 1 6
feeling continued at the opening under tam9 Liverpool re­
F l o r i d a .........
101
2 3 ,1 2 3
2 4 ,7 7 6
ports, but recovered in consequence of a rumor that the
Savannah...
4 ,4 0 4 7 6 2 .4 2 4
2 1 ,7 2 4 Agricultural Bureau estimate had been divulged secretly and
5 ,8 8 8 1,0 0 5,66 8
2 6 ,3 4 8
B r ’ w ick ,& c
140,265
400
made a very low average. Cotton on the spot has been fairly
1 6 7 ,4 3 4
613
661
C h a r le s t o n ..
2 7 9 , LOO
2 4 ,5 9 4
409
4 5 3 ,2 3 8
2 1 ,0 5 3 active and irregular in price, closing at 7 13-lGc. for middling
P .R o y a l.& o
427
uplands.
1 ,5 2 9
W ilm in g ton ..
The total sales for forward delivery for the week are 790,200233
1 5 8 ,3 8 1
1 6 0 ,1 9 0
4 532
735
1 2 ,1 5 5
bales.
For immediate delivery the total sales foot up this week
W ask’ n, & c
755
2 ,3 4 2
N o r f o l k ........
614
2 7 4 ,2 7 4
3 ,5 8 0
5 1 2 ,1 7 6
12,8 67
15.2 37 9 0 47 bales, including 3,677 for export, 3,370 for consumption,
W e st P oin t
561
1 9 2 ,6 5 9
505
3 3 1 ,0 6 6
3,165 ----- for speculation and 2,000 on contract. The following are
2,267
the official quotations for each day of the past week—
N ’ p ’ t N .,& c
2 00
2 0 ,3 2 6
2 ,0 2 9
176
4 5 ,7 3 8
N e w Y o r k ...
6 i9
4 6,8 45
8 7 ,9 3 6
1 9 1 ,5 4 2
227
3 4 6 ,82 5 June 3 to June 9.
05 I
M |
CO
r- I

2S3

T o t a l s ........

1 ,671
728
4 ,4 7 7

1 1 4 ,4 9 3
6 3 ,2 7 8
5 8 ,9 9 9

2 5 ,2 9 6 4 ,9 3 0 ,4 0 2

6 14
1 ,8 6 7
1 ,6 3 3

1 3 0 ,8 6 6
9 3 ,5 5 3
8 2 ,2 9 7

6 ,0 0 0
7 ,3 5 3
13,3 75

6 ,000
2L ,398
10,5 17

3 0 ,5 2 6 6 ,9 8 7.71 2

4 46.356

6 3 7 .22 3

In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
R eceip ts a t—

1893.

1892.

1891.

1890.

1 88 9 .

1 88 3

G a lv e s ’ n.& c.
N e w Orleans
M o b i l e .........
S a v a n n a h ...
C h a r'ton ,& c.
W ilm ’ to n ,& c
N o r f o l k ........
W . Point,<fec.
A ll o t h e r s ...

2 ,5 4 3
8 ,311
83
4,404
661
233
6L4
761
7 ,6 2 6

2 ,2 1 2
9 ,3 4 1
860
5 ,8 8 3
4 09
785
3 ,5 8 0
2 ,4 4 3
4 ,9 8 )

2,29t
1 0,8 6
921
3,765
1,7 1 s
108
2,934
1,637
3,054

762
964
25
2 72
86
6
38
188
2 ,5 1 4

839
1 ,8 3 2
41
712
255
IS
23
136
1,332

1 ,4 0 5
4 ,8 1 0
179
3 ,5 5 9
2 ,0 4 5
73
1,S 77
983
1 ,8 8 0

T o t. this w k .

2 5 .2 9 6

3 0 ,5 2 6

27,303

4 ,8 3 5

5 ,1 8 8

16,812

S in ce Safrt. 1 4930.402 693 7 ,7 12 !6 8 11,216 5771 298 5 4 8 2 .3 9 9 5 4 0 3 745

Tr eexports for the week ending this evening reach a total
of 54,210 bales, of which 26,074 were to Great Britain, 5,203
to France and 23.953 to the rest of the Continent. Below are
the e i ports for the week and since September 1, 1892.
E x p o rts
ft om —
G a l v e s t o n ........
V e l a s c o , & c ....
N e w O r le a n s ..
M o b i le & P e n .
S a v a n n a h ........
B r u n s w ic k ........
C h a r l e s t o n ___
W i lm i n g t o n .
N o r f i lk ..............
W e s t P o in t ___
N ’ p ’t N e w s, & c
N e w Y o r k ........
B o s t o n ...............

W e e k E n d in g J u n e 9
E x p o r t e d to —
G re a t
C o n ti ­
Q rit’ n . F r a n c t n e n t .

.....

3,745

...... .....

729
13,91*

6, RO

6,100

4,008

4,006

T o t a l ...............

26,07*

5,208

oa M 1

4,8d4
3,528

070

22,958

17,806
6,321
4,328
2,004

C o n ti ­
n en t.

ToU i

452,603 133,748
167,510 753,834
17,869
31,0*1
48,910
540,019 318,821
362 162 1,221,055
43,69 5
400
44,033
61,711 24,727
266, S<31 3 5 3 ,2 -9
57,776
2,48 ■
80,755
20,499
66,694
7 ,9 )0
208,501
113,907
74.102
132,031
67,929
t7,691
30,085
127,779
52,236
7,700
59,936
8,833
8,863
415,566 27,563
160,231
603,330
2 0 1 ,6 .7
6,839
208.4 56
10S.780 1 9 3 ,7 2 )
8 2 .0 :9
8,911
15,645
15,229
416
ro
8
! -3
::

1,463
..........

B a lt im o r e .........
P h il a d e l p ’a ,& c

11479
5,321
800
2,004

t q o i . oo

G rea t
T o ta l
W e e k . B r it a in . F r a n ct

729
7,737

......

S a t.

lio n T oes

W ed

T il.

F r i.

5k
5 78
6 7s
7 i ,«
7?,8

5^
5 78
6k
7 l ,«
7 ’ ,o
7 lAie
■? 78
S ',6
S=e
8k
9^

513
5 78
6=4
71,6
71,6
7 H l6
7 7e
8=u
8=8
8=4
91«

5k
0 '8

7 78
8-1,6
8%
83,
9=8

5 7,e
5 '= , b
611,6
7
7=8
7=8
711,6
8 'a
8=16
811,6
91,6

71,6
711,8
7 '8
8 *16
8=8
Sk
9*8

5 ’ ,6
51=16
611,8
7
7=8
7=8
7 ' 3i«.
8 'a
8=js
S ilia
91,8

GULF.

S a t.

T uet

W ed

Th.

F r i.

5k
Gks
7
7*16
7 “ 18
71 = 16
8*8
8
8=8
9
933

5k
6
7
7 516
7 l 116

51 =13
6 i,s
61-16.
7k
7=8
7 78
81,6
8=8
8 916
81-16
9 ',6

54.240 2,207,737 524,153

*>«>•• .14 O 'jo's o i O o i l

1

4,066 2 ?0

0« •
’ 5 5SO 482

5k
511,6 54,
6*3
6*8
6I16
7
61=16 7
7*.
7 ’ 16
75,6
711,6
71116 7 =8
7 1 ',6 i l l *
71 =16
8 ’-8
Sks
81,6
8%
8*16
8 16
8=6
8=8
8*,6
9
81->16 9
9%
9=8
9 =16

O rd in a ry ..........................................
S trict O r d iu a r y .............................
G ood O r d in a r y ..............................
S trict G o o d O r d in a r y .................
L o w M id d lin g ................................
Strict L o w M id d lin g....................
M id d lin g ...........................................
G o o d M id d lin g— ........................
S trict G o o d M id d lin g .................
M id d lin g F a ir................................
F a ir....................................................
S T A IN E D .

S a t.

M on T u cs W ed

G o o d O r d in a r y ..............................
S trict G o o d O r d in a r y .................
Low M id d lin g.................................
M iddlin g..........................................

5
b^
6k)

5
5=8
6k

F r o m S ep t. 1 ,1 8 9 2 , to J u n e 9 ,1 8 9 3
E x p o r t e d to —

..
2,462

U PLAND S.
O r d in a r y .........................................
S ir ic t O rd in a ry ..............................
G o o d O r d in a r y .............................
S trlet G o o d O r d in a r y .................
L o w M id d lin g ................................
S trict L o w M id d lin g....................
M id d lin g ...........................................
G ood M id d lin g ..............................
S trict G o o d M id i l i n g .................
M id d lin g F a ir ......... .......................
F a ir ....................................................

5
0

E o s t o n .........
B a lt im o r e -..
P h ila d e l.,& c.

7 ‘ ]fl

4 1 ',8
5 »,0
51,6
7=8

7

18

5
5=8
6^3
7 'i a

81a
8=8
3

9^13
Th.

F rf.

5
5=8
6

ms

7 he

41=1658,6
67,6
7=8

MARKET AND SALES.

The total sales of cotton on the spot and for future delivery
sacn day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
BALES O F BPOT A N D CONTRACT.
SP O T M A R K E T
CL O SED .

8 a t’ d a y .
M on day
T u e sd a y
Wed* d a y
T h u r’ d’ y
F r id a y ..
T o ta l.

S tead y a t *8 a d ..
E asy at G e d e c.
S teady a t *ie ad.
S tead y .................
E a s y .....................
S tead y a t h e d c .

E x­
p ort.

C on - I Spec-* C onru m p . |vrrn| tract,

_ , .
"o ta l.

S a le , o f
F u tu rf.

1 ,8 0 0
1,277

537|
510.
551
335
3S9
1,048

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

300
1 ,0 0 0
100,
....
....
6 00

837
1,510
1,251
33'
2,189
2 ,925

108^ 00*
1 3 0 .0 0 0
142,8001 4 8 .3 0 0
137 ,40 0
1 2 3 .3 0 0

3 .6 7 7

3 ,370l

...J

2 ,0 6 0

9 ,017

7 9 0 .2 0 0

600

T he Sales and P rices of F ctc res are shown by thefollowing comprehensive table:

THE CHRONICLE

1893.
1 8 92,
1 891
1890.
Stock at Liverpool..........balee. l,5 6 3 !o 6 o 1,644^000 1 ,1 9 4 ,0 0 0 935 ,0 0 0
Stock at L ondon..........................
5 ,0 0 0
9 ,0 0 0
1 8 ,0 0 0
1 1 ,0 0 0

0 *0 ® ®

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9 4 6 ,0 0 0
3 ,500
9 8 ,0 0 0
7 ,000
200
6 ,000
176,000
4 ,0 0 0
81,0 0 0
10,0 0 0
7 ,0 0 0

to ta l Continental gtooks____

3 9 2 ,7 0 0

I ft: :

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II

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6 0 2 .9 0 0

America?,—

Liverpool sto o k ..............b ales. 1 ,2 9 4 ,0 0 0 1 ,4 2 5 .0 0 0
0ontinentalstook8......................
6 3 2 ,0 0 0
5 9 9 ,0 0 0
American afloat fo r E u r o p e ... 1 3 1 .0 0 0
136 ,0 0 0
United States stook.....................
446,356
637 ,2 2 8
United S tatesinteriorstooks..
187,899 218 .8 6 4
UnltedStatee exports to -d a y .
2 ,5 6 2
9 ,982

9 6 5 .0 0 0
4 2 1 .0 0 0
1 2 5 .0 0 0
313 ,2 6 8
127,806
6 ,822

6 2 7 .0 0 0
2 3 0 .0 0 0
60,0 0 0
154 ,6 2 6
27,633
1 ,267

Total Am srloan..................... 2 ,6 9 3 ,8 1 7 3 ,0 2 6 ,0 7 4 1,9 9 1 ,8 9 6 1,1 5 0 ,5 2 6
E a s t I n d i a n , B r a z i l , t t c .—

Liverpool stook............................
London s t o c k ..,...........................
Oontlnental s to c k s ....................
India afloat for Europe.............
Egypt, Brazil, &o., afloat..........

2 6 9 ,0 0 0
5 ,0 0 0
1 23,300
1 7 1 ,0 0 0
5 5 ,0 0 0

2 1 9 ,0 0 0
9 ,0 0 0
1 78,600
2 9 3 ,0 0 0
3 1 ,0 0 0

2 2 9 ,0 0 0 3 0 8 ,0 0 0
1 8 ,0 0 0
11,000
1 7 8 ,9 0 0 11 2 ,7 0 0
2 1 9 ,0 0 0 25 3 ,0 0 0
2 9 ,0 0 0
19,0 0 0

Total E ast In d ia, & e...........
6 2 3 ,3 0 0
730 ,6 0 0
6 7 3 ,9 0 0 7 0 3 ,7 0 0
Total Am erican..................... 2 ,6 9 3 ,8 1 7 3 ,0 2 6 ,0 7 4 1 ,9 9 1 ,8 9 6 1 ,1 5 0 ,5 2 6
Total visible supply............ 3 ,317,117 3 ,7 5 6 ,6 7 4 2 ,6 6 5 ,7 9 6 1 ,8 5 4 ,2 2 6
Price M id. U p l., Liverpool___
‘k3e i .
44ta.
4Sjjd.
6V 1
Price M id. U p l., New Y ork ___
7 L>i 8o.
7 % c.
8580.
12^0
t s r T h e im p o r ts in to C o n tin e n ta l p o r ts th e p a s t w e e k h a v e
b e e n 6 8 ,0 0 0 b a le s.
T h e a b o v e fig u r e s in d ic a te a d e c r e a s e in t h e c o tto n in s ig h t
to -n ig h t o f 4 3 9 .5 5 7 b a le s as c o m p a r e d w it h th e s a m e d a te
o f 1892, a n i n c r e a s e o f 651,321 b a le s as c o m p a r e d w it h t h e
c o rr e sp o n d in g d a te o f 1891 a n d a n i n c r e a s e o f 1,4 6 2 ,8 9 1 b a le s
as c o m p a re d w i t h 1890,
A T t h e I n t e r i o r T o w n s th e m o v e m e n t — t h a t i s t h e r e c e ip t
for t h e w e e k , a n d s in c e S e p te m b e r .1, t h e s h ip m e n ts f o r th e
w eek a n d t h e s to c k s t o -n i g h t , a n d t h e s a m e i t e m s f o r th e
oorresp on d in g p e rio d o f 1 8 9 1 -9 2 — is s e t o u t in d e ta il in th e
fo llo w in g s t a t e m e n t .

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MMMlOaCPtOM
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M © © © X © Oi O' tO© CO M a<]M © M Mo MO’ to C CCMto to MO'
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7 7 7 ,6 0 0

Total visible supply............ 3,3 1 7 ,1 1 7 3 ,7 5 6 ,6 7 4 2,6 6 5 ,7 9 6 1 ,8 5 4 ,2 2 6
Of tbeabovs, tb etota lsof American and other descriptions areas follows:

Iox
I ®co
►
-5

7 5 5 ,3 0 0

Total European stocks------ 2 ,3 2 3 ,3 0 0 2 ,4 3 0 ,6 0 0 1 ,8 1 4 ,9 0 0 1 ,3 3 8 ,7 0 0
Indlaootton afloatfor
‘ Europe.
~
171 ,0 0 0 2 9 3 ,0 0 0 2 1 9 ,0 0 0 2 5 3 ,0 0 0
Am er.oott’nafloatforEnrope.
1 3 1 ,0 0 0
1 3 6 ,0 0 0 1 2 5 ,0 0 0
60,0 0 0
Egypt, Brazil, Ac.,all t f or E ’r’ pe
5 5 ,0 0 0
3 1 ,0 0 0 2 9 ,0 0 0
19,0 0 0
Stock In United States p o r ts . .
446 ,3 5 6
637 ,2 2 8 343 .2 6 8 15 4 ,6 2 6
187,899
2 1 8 ,8 6 4 127 .8 0 6
27,633
Stock In U . 8 . Interior to w n s..
2,562
9 ,9 8 2
6 ,8 2 2
1,267
United States exports to-d ay.

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C o t t o n t o -n ig h t , a s m a d e u p b y c a b le

i Ci efeT i ph i 8® B/ ol.l0W 8* T h e C o n tin e n ta l sto c k s , as X e ll a
i r T r f ° L ^ reat.iB r lV y “ a n d th e a flo a t a r e th is w e e k ’ s re tu rn s
an d c o n se q u e n tly aU th e E u r o p e a n fig u re s are b ro u g h t d o w n
BUot t0 m a ^ e th e to ta ls th e c o m p e t e
t f fe % r ft a d s S i f 1ht- (J,Un,6 ^ ’ . w ? a d l th e it e m o f e x p o rts f r o m
th e t n lte d S ta te s , in c lu d in g m r th e e x p o rts o f F r id a y o n ly

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I8

™Vi!)ri JS0a0;‘ :,ia' Q sopteinuer, 1892, Mr Septe'nber, 1 ,700; 8 eotem
bar S 7 ? 9 o n -f8l,»?«0. S bner,r>420,5,00: Septembor-.Voveinber, for Govern
bar, s 79,900, Septeinber-DeoBmbar, for December. l,Q f 1.50 >: Seatem
)£ v ? m i l '! ™
' ®ePtember-February, for Febru
* i’,
'■forch. for \farob. 9 7 i s .4 i : September
Apri . for April. 3,423,400; Septembor-May, for May, 6,670.2 ) j .
T h e fo lio w m o e s c h a u g e s n a v e b e e a m a d e d u r ia n th
07 pa.
i >q. to exeli.
,„ . x-„„
.... ........... .
•07
eicli. 300 n,,i
Oct rfor
Nov
■29 pd. to exeb. 300 Aug. for D e c
•09 pd. to exch. lo o July for A uk
•10 pd. to exch. 100 July for A uk
‘? 5 !'<]• to exclt. 3.000 A u k . for Nov. ■11 pd. to exeb. 300 July for Aue
•10
pit, ttO
7.300
.Tiltv
•10 i>*!.
o eeXCh.
x ch . 7
.3 0 0 J
u l y fnr
f o r A1u g ,
•23 pd. to exch. 300 A uk . for Nov
•11 p<i. t o e x e b . 3 0 0 J u l y f o r A u g .
•29 pd. to exeb. 101 A u k . for Dec.
n o l " } - ! ° e x c !1' 0 0 0 A u « - f o r J a n .
03 pd. to exob. 500 Aug. for Sept
•08 pd. to exob. 100 Sept, for Oct.
The

Total Great Britain atook. 1,5 6 8 ,0 0 0 1 ,6 5 3 ,0 0 0 1 ,2 1 2 ,0 0 0
Stock at Ham burg......................
16,000
3 .4 0 0
4 ,5 0 0
Stock atB rem en..........................
1 60,000
14 3 ,0 0 0 1 4 2 ,0 0 0
Stool at Am sterdam ..................
18,0 0 0
2 6 ,0 0 0
2 0 ,0 0 0
Stool at Botterdam ...................
300
200
400
Stock at A ntw erp........................
1 0 ,0 0 0
7 ,0 0 0
9 ,0 0 0
Stock at H a vre .............................
393 ,0 0 0
4 4 3 ,0 0 0 2 6 1 ,0 0 0
Stock at Marseilles......................
7 ,0 0 0
8 ,0 0 0
1 0 ,0 0 0
8took at Barcelona.....................
109 ,0 0 0
9 8 ,0 0 0 1 1 1 ,0 0 0
S too k atG en o a.............................
2 0 ,0 0 0
18,0 0 0
1 1 ,0 0 0
Stock at T rie ste ...........................
2 2 ,0 0 0
3 1 ,0 0 0
3 4 ,0 0 0

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s to 15
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tc to

' Louisville tlgures “ n e t” la both years.
' Tbls year’s iigures estimated.
T h e a b o v e to ta ls sh o w t h a t t h e in te r io r s t o c k s h a v e d e c r e a s e d
lu r in g th e week 13,958 b ales a n d are to -n ig h t 3 0 ,9 6 5 b a le s
less th a n a t th e s a m e p e rio d la s t y e a r, T h e r e e lp ts a t a ll th e
tow ns h a v e been 893 bales l e s s th a n th e s a m e w e e k la s t
year a n d s in c e S e p t, 1 th e y are 1,1 9 1 ,2 0 3 oalee l e s s th a n f o r th e
tam e tim e in 1891-93.

THE CHRONICLE.

J une 10, 1893.J

Quotations fob Middling Cotton at othkb MAHKETh.B e lo w w e g iv e c lo s in g q u o ta tio n s o f m id d lin g c o tto n a t S o u th •
ern a n d o th e r p rin c ip a l c o tto n m a r k e ts fo r ear.** l a y o ' t h e w e f t .
CLOSING Q UO TATIO N S F O R M ID D L IN G OOTTON ON

W eek e n d in g
J u n e 9.

S a tu r .

M on.

G alveston ...
New Orleans
Mobile...........
S avan n ah ...
Charleston..
Wilm ington.
Norfolk.........
Boston..........
Baltim ore...
Philadelphia
A ugusta___
Memphis___
St. L ou is___
H o u ston ___
Cincinnati..
L ouisville...

7 31S
7*a
7%
73s
7k!
7*a
7k)
734
7 78
8 >4
7 >9
7=8
79ifl
7*18
7 7s
7 7s

7^18
7 k)
7%
73s
7k!
719
7k!
7 78
7 7a
8*4
7*9
7*8
7»i0
75,fl
7 7a
7 78

T u ts .

7 Bia
7 918
73s
7%
7%
7*9
7*9
71*10
7 7s
8*4
7 k)
75s
7918
7t,a
7 7s
7 7e

T h u rt.

F ri

7 5ie
7»s
73e
7*9
7k!
7*9
7*9
7 7s
7 7s
8*4
7 ^ ® *8
7 l l ie
7 “s
7*k6
7 7s
7 7s

7*9
7»s
7 7 ,6
7*9
7*9
7*9
7*9
7 7s
7 7s
8*4
7 V a °b
71118
7®s
7^8
8

7*9
71*16
71,8
7*9
7*9
7*9
7*9
7 7s
8*4
7 1flfc°8
7*t
7**8
7%
8

T ’s

T ’s

T ’S

a t o th e r im p o r ta n t
N e w b e r r y ....................
R aleigh .............
7 is
S e l m a . . . . . . . . . .........
S h r e v e p o r t....
7ie

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 . — T h e f o llo w i n g tab i*
In d ic a te s th e a c tu a l m o v e m e n t e a c h w e e k f r o m th e p la n ta tio n s
T h e fig u r e s d o n o t in c lu d e o v e rla n d r e c e ip ts n o r S o u t h e r !
c o n s u m p tio n ; t h e y are s im p ly a s ta te m e n t o f t h e w e e k lj
m o v e m e n t f r o m th e p la n ta tio n s o f th a t p a r t o f t h e c r o p w h io l
f in a lly r e a c h e s th e m a r k e t th r o u g h th e ou tp o rta .
W eek ,
E n d in g —

M ay
5 ........
“
1 2 ....
“
1 9 ........
“
2 6 ........
J u n e 2 ........
“
9 ........

R e c e i p t s a t t h e P o r t s . S V k a t I n t e r i o r T o w n s . R e c ’p t s f r o m P la n V n t

1891.

1892.

1893.

44,772
52.519
38.591
33.082
30.996
27,303

60 870
60,127
30.670
36,977
84,444
30.526

30.968 211,869
30,150 187.744
32,625 169,863
25.359 151,932
25,586 140,322
25.296'127.806

1891.

1892.

1893.

1891.

1892.

1893.

283,018
264.971
250.49T
215.202
230.683
218.861

259,203
243.086
229.525
213.479
201.857
187.899

24,660
28.394
20.710
15,151
19,386
14,787

31,976
3 2 ,(8 0
22.196
25,682
19.825
18,807

9.874
14.033
19,064
9,313
18,964
11,388

T h e a b o v e s ta te m e n t s h o w s : 1 .— T h a t the to t a l re c e ip ts fr c n
th e p la n ta tio n s s in c e S e p t. 1 in 1892-93 are 4 ,9 8 9 ,6 6 7 b ales: in
1 8 91-92 w e re 7 ,1 5 0 ,6 4 7 b a le s; in 1890-91 w e re 6 ,9 2 4 ,4 5 2 bales.
2 .— T h a t, a lth o u g h th e re ceip ts a t th e o u tp o rts th e p ast w eek
w e re 2 5 ,2 9 6 b a le s, th e a c tu a l m o v e m e n t f r o m p la n ta tio n s w a
o n ly 1 1 ,3 3 8 b ales, th e b a la n c e b e in g ta k e n f r o m th e sto c k s a
th e in te rio r to w n s . L a s t y e a r th e re c e ip ts fr o m th e p la n ta tio n s
fo r t h e w e e k w e r e 18,307 b a le s a n d f o r 1891 t h e y w e re
1 4 ,7 8 7 b a le s.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s in c e S e p t , l —
W e g i v e b e lo w a s ta te m e n t s h o w in g th e o v e r la n d m o v e m e n
fo r th e w e e k a n d s in c e S e p te m b e r 1, A s t h e l e t u m s re a c h m
b y te le g r a p h la te F r id a y n i g h t it is im p o s s ib le to e n te r s<
la r g e ly in to d e ta il as in o u r r e g u la r m o n t h ly r e p o r t, b u t al
th e p r in c ip a l m a tte r s o f in te re st are g i v e n .
T h is w e e k lj
p u b lic a tio n is o f c o u r se s u p p le m e n ta r y to th e m o r e e x te n d e r
m o n t h ly sta te m e n ts . T h e re su lts f o r th e w e e k e n d in g J u n e 9
a n d s in c e S e p t, 1 in th e la s t t w o y e a r s a r e a s f o llo w s :
1892-93.
J u n e 9.

S in c e
S ep t. 1.

W ee k .

1891-92.
W ee k .

S in c e
S ep t. 1

S h ip p e d —

4 49,653
196,045
138,482
14.020
116.016
103.336
157,940

4 ,3 6 7

Via Cairo...........................................
7ia Hannibal...................................

1,706
13

7ia Louisville..................................
Via Cincinnati.................................
Via other routes, & c.....................

1 ,908
1,771
728

Total gross overland.................

10,493 1,175,492

8,284
1,180
1,658
1 ,801
737

648.018
343,222
161,821
37,5 6 4
200.797
155.998
159,192

13,663 1 ,706.612

D e d u c t sh ip m e n ts —

4,371
283
1 ,510

394,662
61,293
93,775

374,732

6,164

549,730

8 00,760

7 ,499 1,156,882

Overland to N. Y ., Boston, & c ..
Between interior t o w n s .............
Inland, &c., from S o u th .............

7,525
362
1,842

283 ,6 2 0
22,393
68,719

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

9,729

761
Leaving total net overland*..
"In clu d in g movement b y rail t o Canada.

T h e f o r e g o in g s h o w s th a t th e w e e k ’ s n e t o v e r la n d m o v e m e n t
th is y e a r h a s b e e n 764 b ales, a g a in s t 7 ,4 9 9 b a le s f o r the
w e e k in 1892, a n d th a t f o r th e se a so n to d a te th e a g g r e g a te net
o v e rla n d e x h ib its a d e cre ase f r o m a y e a r a g o o f 3 5 6 ,1 2 3 b a le s .
1892-93.
I n S ig h t a n d S p i n n e r s ’
T a k in g s .

,

W ee k .

S in c e
s e p t . 1.

1891-92.
,
W eek.

S in c e
8epU !

Reoelpts at ports to June 9 ...........
N et overland to June 9 ................ ..
Southern consumption to June 9

25,2 9 6 4 ,930.402
764
300 ,7 6 0
8,000 584 ,0 0 0

30,5 2 6 6 ,9 87,712
7.499; 1,156,882
7 ,0 0 0 546,000

Total m arketed. . . . . . .
Interior stocks in excess.

34.0 6 0 6 ,315,162
59,265
13,958

45,0 2 5 8 ,6 90,594
11,719
162,935

20,102

3 3 ,3 0 6 1
. 8,853,529

Came Into sight during week.
Total in sight June 9 .................

6 ,3 74,427

North’ nspinners tafc’gs to J ’ne 9 ................. 1,614,061
* Decrease during week.

e hath

it R e p o r t s

.......... 2 .067.499

I t w ill be seen b y th e a b o v e th a t th e re lias c o m e into sig h t
d u r in g th e w e e k 20,1 0 2 b ales, a g a in st 33,3 0 6 b ales fo r the
sa m e w e e k o f 1892, and th a t th e decrease in a m o u n t in sight
to -n ig h t as c o m p a re d w iih la st y e a r is 2 ,4 7 9 ,1 0 2 bales.

by

T e l e g r a p h . — O ur rep orts b y

g ra p h this e v e n i g in d ic a te
d istricts o f th e S o u th th e
th e r a in fa ll h a s b een

W ed n es.

T h e c lo s in g q u o ta tio n s t o -d a y (F r id a y )
S o u th e r n m a r k e ts w e r e a s f o llo w s :
A t l a n t a ........
7*4
Little K o o k . . . .
7*4
M o n tg o m e r y ..
7*$
Oolumbua, G a .
7*4
Columbus. Miss
7
N ash v ille . . . . . .
73s
B u ta u la ... . . . . .
7»ie N a tc h e z............
7718

W

m

th a t rain lias fa lle n in

d
tele­

a b o u t a ll

p ast w e e k , an d th a t at s o m e p o in ts

q u ite h e a v y .

In a f e w in sta n c e s

lo w

la n d s h a v e been flo o d ed , b u t g e n e r a lly no d a m a g e has re su lte d
b e y o n d in te r fe r in g w ith c u ltiv a tio n . T h e w e a th e r lias tu r n e d
m ore fa v o ra b le a t th e c lo se . T h e M issis-ip p i R iv e r a t M e m ­
p h is is th ir ty -th r e e a n d fo u r -te n th s fe e t o n the g a u g e a n d
r isin g . A d v ic e s f r o m T e x a s c o n tin u e p r o m is in g .
' t a l v e s t o n , T e x a s . — I t h as rained o n tw o d a y s o f th e w e e k ,
th e ra in fa ll r e a c h in g o n e in c h a n d t h ir ty -s ix h u n d re d th s.
T h e th e r m o m e te r has a v e ra g e d 7 8 , th e h ig h e s t b e in g 85 a n il
th e lo w e s t 70.
P a l e s t i n e , T e x a s . — W e h a v e h a d h a rd ra in o n three d a y s o f
th e w e e k , th e p re c ip ita tio n re a c h in g th ree in ch es a n d t w e n t y tw o h u n d re d th s. T h e th e r m o m e te r h a s a v e ra g e d 7 5 , r a n g in g
fr o m 60 to 90.
H u n t s v i l l e , T e x a s . — W e h a v e h a d h a rd ra in on th ree d a y s
o f th e w e e k , th e r a in fa ll re a c h in g t w o in ch e s a n d tw e n ty
h u n d re d th s. T h e th e rm o m e r h as r a n g e d fr o m 62 to 9 4 , a v e r­
a g in g 78.
D a l l a s , l e x a s . — T h e s m a ll g r a in h a r v e s t c o n tin u e s w ith
m o re fa v o ra b le resu lts th a n e x p e c te d . C o rn a n d c o tto n are
d o in g w e ll e v e ry w h e re in T e x a s . T h e re h a s b een h a rd ra in
on o n e d a y o f th e p a st w e e k , th e p re c ip ita tio n re a c h in g on e
inch a n d s ix ty h u n d re d th s. A v e r a g e th e r m o m e te r 7 7 , h ig h ­
est 9 3 , lo w e s t 62.
San A n t o n i o , T e x a s . — W e h a v e h a d g o o d rain o n th ree
d a y s o f tb e w e e k , th e ra in fa ll b e in g o n e in ch a n d th ir ty -e ig h t
h u n d re d th s. T h e th e r m o m e te r h a s a v e ra g e d 8 1 , th e h ig h e s t
b e in g 96 an d tn e lo w e s t 66.
L u l i n g , T e x a s . — R a in h a s fa lle n lig h t ly o n t w o d ay s o f th e
w e e k , to th e e x te n t o f se v e n h u n d re d th s o f a n in c h , T h e
th e rm o m e te r has a v e ra g e d 7 8 , r a n g in g fr o m 6 0 to 96.
C o l u m b i a , T e x a s . — W e h a v e h a d sh o w e rs on th ree d a y s o f
th e w e e k , th e ra in fa ll re a c h in g th ir t y -s ix h u n d r e d th s o f a n
in ch . T h e th e r m o m e te r h a s ra n g e d fr o m 63 to 9 0 , a v e r a g ­
in g 76.
O u e r o , T e x a s . — T h e re h a s b een g o o d ra in o n th ree d a y s d u r­
in g th e w e e k , to th e e x te n t o f o r e in ch a n d e ig h ty -s e v e n h u n ­
d red th s. A v e r a g e th e rm o m e te r 78, h ig h e st 92 an d lo w e s t 6 4 .
B r e n h m n . T e x a s . — W e h a v e h a d b a r d ra in o n tw o d a y s
d u r in g th e w e e k , to th e e x te n t o f o n e in ch a n d n in e ty -n in e
h u n d re d th s o f an in c h . T h e th e rm o m e te r h a s a v e r a g e d 7 6 ,
the h ig h e s t b e in g 99 a n d the lo w e s t 63.
B e l t o n , T e x a s — I t h a s b e e n s h o w e r y on t w o d a y s o f th e
w e e k , th e p re c ip ita tio n r e a c h in g s e v e n ty -fiv e h u n d r e d th s o f
a n in c h . T h e th e r m o m e te r h as a v e ra g e d 7 0 , r a n g in g fr o m 4 8
to 93.
F o r t W o r t h , l e x a s . — T e le g r a m n o t re c e iv e d .
W e a t h e r f o r d , T e x a s . — R a in h as fa lle n o n o n e d a y o f th e
w e e k , th e ra in fa ll r e a c h in g o n e in c h a n d tw e n ty h u n d re d th s .
A v e r a g e th e r m o m e te r 7 5 , h ig h e st 94 a n d lo w e s t 56.
N e w O r l e a n s . L o u i s i a n a . — I t h a s ra in e d on each d a y o f th e
w e e k , th e r a in fa ll re a c h in g th ree in ch e s a n d s ix t y -s ix h u n ­
d red th s. T h e th e r m o m e te r h a s a v e ra g e d 77.
S h r e v e p o r t , L o u i s i a n a . — R a in f e ll o n th e first fo u r d a y s o f
the w e e k , to th e e x te n t o f fiv e in ch e s a n d n in e ty -s ix h u n ­
d red th s.
S o m e d a m a g e re su lte d b u t th e re are n o a n tic ip a ­
tion s o f a n o v e rflo w . T h e th e r m o m e te r h a s a v e r a g e d 7 8 ,
ra n g in g fr o m 63 to 85.
L a k e C h a r l e s . L o u i s i a n a . — Telegram not received.
C o l u m b u s . M i s s i s s i p p i . — T he w e a th e r is n o w g o o d .
The
T o m b ig b e e R iv e r is h ig h a n d s o m e lo w la n d s h a v e b e e n o v e r­
flo w e d .
R a in h a s fa lle n o n th r ee d a y s o f th e w e e k , to th e
e x te n t o f o n e in c h a n d s ix t y -f iv e h u n d re d th s .
A v e r a g e th er­
m o m e te r 7 7 , h ig h e s t 99 a n d lo w e s t 58.
L e l a n d , M i s s i s s i p p i . — I t h a s ra in e d o n fo u r d a y s o f the
w e e k , th e r a in fa ll b e in g th r ee in c h e s a n d f o r t y -t w o h u n ­
d red th s.
T h e th e r m o m e te r h a s a v e ra g e d 7 3 ‘3 , th e h ig h e st
b ein g 85 a n d th e lo w e s t 60.
L i t t l e R o c k , A r k a n s a s . — T h e w e a th e r h a s b een c le a r sin ce
M o n d a y , an d field s are n o w bein g w o r k e d ra p id ly . I t w ill re ­
quire tw o w e e k s o f c lear w e a th e r to g e t crop s clean.
We
h a v e h a d rain o n th ree d a y s o f th e w e e k , th e ra in fa ll re a c h in g
tw o in ch es a n d th ir ty -e ig h t h u n d re d th s. T h e th e rm o m e te r
h a s av e ra g e d 7 1 '6 , r a n g in g fr o m 60 to 88.
H e l e n a , A r k a n s a s . — T h e riv e r is fa llin g s lo w ly , th e to ta l
fa ll h a v in g been th ree fe e t, on e in c h . C rop s o n h ig h la n d s
h a v e b e e n d a m a g e d b y ra in and c o ld w e ath e r. S o m e re p la n t­
in g is in p ro gress in th e o v e r flo w e d te rr ito r y , b u t m a in ly o f
corn . T h e re h a v e b een h e a v y sh o w e rs o n th ree d a y s o f th e
w e e k , th e ra in fa ll re a c h in g tw o in ch es a n d e ig h ty h u n d re d th s.
T h e th e rm o m e te r h a s r a n g e d fr o m 59 to 8 4 , a v e r a g in g 72.
M e m p h i s , T e n n e s s e e . — W e had ra in o n th r ee d a y s in t h e
ea rly p art o f th e w e e k , b u t d u r in g th e la tte r p o rtio n th e
w e a th e r has b e e n m o re fa v o ra b le , an d it is n o w c le a r a n d h o t.
C o m p la in ts o f grass a n d w e e d s are g e n e r a l. T h e r iv e r is
th ir ty -th r e e a n d fo u r -te n th s fe e t o n th e g a u g e an d r isin g .
T h e r a in fa ll re ach e d one in ch an d tw e n ty -th r e e h u n d re d th s.
A v e r a g e th e rm o m e te r 7 3 -3 , h ig h e st 8 8 -3 a n d lo w e s t 60 3.
N a s h v i l l e , T e n n e s s e e . — T e le g ra m n o t receiv ed .
M o b i l e , A l a b a m a . — T h e cro p is in fa ir c o n d itio n a n d d e v e l­
o p in g p ro m is in g ly in m o s t section s. T h e re are so m e c o m ­
p la in ts o f e x c e ssiv e rains a n d g ra ss. T h e w e a th e r is c le a r as
th e w e e k closes. T h e first b loo m w a s re p o rte d i n W i l c o x
C o u n ty , A la b a m a , o n M a y 8 1 . W e h a v e h a d ra in o n s ix d a y s
d u r in g the w e e k , th e p re cip itation r e a c h in g fo u r in ch es a n d
th ir ty -o n e h u n d re d th s. T h e th e r m o m e te r h a s a v e ra g e d 78,
r a n g in g fro m 6 7 to 86.
,____ , ____

THE CHRONICLE.

S80

M o n t g o m e r y , A l a b a m a .— ¥ e h a v e ha d rain on s ix (lays d u r ­
in g th e w e e k , th e p re c ip ita tio n re a c h in g t w o in ch es an d
n in e ty -.-ix h u n d re d th s, b u t as th e w e e k closes th e w e a th e r is
c le a r. Crops are q u ite g r a ssy . R iv e r s are re c e d in g slo w ly .
T h e th e rm o m e te r h a s ra n g e d fro m 63 to 8 3 , a v e r a g in g 76.
S e l m a , A l a b a m a . — H e a v y rains cau se d a suspension of
w o rk in lo w la n d s fo r severa l d a y s. T h e w e a th e r is n o w clear
b u t la c k o f m e a n s p rev en ts th o ro u g h c u ltiv a tio n . I t has
rained on fiv e d a y s o f the w eek a n l th e r a in fa ll has been tw o
in ch es an d fo r ty -e ig h t h u n d re d th s. A v e r a g e th e rm o m e te r
7 8 , h ig h e st 94 a n d lo w e st 63.
A u b u r n , A l a b a m a . — C rops an d fr u it h a v e b een in ju re d to
s o m e e x te n t b y ra in .
S u g a r ca n e a n d p o ta toes are fine.
We
h a v e ha d ra in d u r in g the w e e k to the e x te n t o f tw o in ch es
a n d e ig h ty -tw o h u n d re d th s. T h e th e rm o m e te r h a s av e ra g e d
7 o -3, th e h ig h e st b e in g 87 a n d the lo w e st 6 ‘3 ’5.
M a d i s o n " , F l c r i i a . — ' W e are h a v in g too m u c h ra in b u t no
d a m a g e has resu lted as y e t.
I t has ra in e d o n s ix d ays d u rin g
th e w e e k , to th e e x te n t o f tw o in ch es a n d ten h u n d re d th s.
T ile th e r m o m e te r has a v e ra g e d 7 3 , r a n g in g fr o m 64 to 91.
C o l u m b u s , G e o r g i a . — T h e re has b een r a m on fiv e d a y s d u r­
in g th e w e e k , th e r a in fa ll re a c h in g t w o in ch es a n d s e v e n ty n in e h u n d re d th s. T o o m u c h ra in , an d crop3 are b e c o m in g
g r a s s y . T h e th e rm o m e te r h a s ra n g e d f r o m 68 to 89, a v e r­
a g in g 77.
S a v a n n a h , G e o r g i a .— T here h as been r a in o n fiv e d a y s o f
th e p a st w e e k , to th e e x te n t o f t w o in ch e s a n d tw e n ty -n in e
h u n d re d th s.
A verage
th e r m o m e te r 7 8 , h ig h e s t 89
an d
lo w e st 69.
A u g u s t a , G e o r g i a . — T h e w e a th e r h a s b e e n w a r m , w ith
h e a v y rains o n fo u r d a y s o f th e w e e k , th e p re c ip ita tio n r e a c h ­
in g tw o in ch es an d se v e n te e n h u n d r e d th s. C ro p a c c o u n ts are
im p ro v e d . T h e p la n t lo o k s b e tte r b u t g ra ss is tro u b le so m e
P la n te rs are b u s y w ith c u ltiv a tio n . C rop is f u lly th r e e w eeks
la te . T h e th e rm o m e te r h a s a v e ra g e d 7 7 , th e h ig h e st b e in g 89
a n d th e lo w e st 65.
C h a r l e s t o n , S o u t h C a r o l i n a .— W e h a v e h a d r a in o n fo u r
d a y s o f th e w e e k , to th e e x te n t o f se v e n in ch e s a n d t w e n t y se ve n h u n d re d th s. T h e th e r m o m e te r h as a v e r a g e d 7 7 , ra n g ­
i n g f r o m 66 to 89.
S t a t e b u r g , S o u t h C a r o l i n a .— C o tto n h a s a g o o d sta r t, b u t
grass a n d w eed s are g r o w in g . W e h a v e h a d ra in on fiv e d ays
d u r in g th e w e e k , the p re cip itation r e a c h in g t w o in ch es an d
s e v e n ty -s e v e n b u n d r t d ih s .
T h e th e rm o m e te r h as ra n ged
f r o m 65 to S3, a v e ra g in g 7 6 '1 .
W i l s o n , i i o r t h C a r o l i n a . — W e h a ve h a d ra in o n fo u r d ays
o f th e w e e k , th e r a in fa ll b e in g fo u r in c h e s a n d fo r ty -o n e h u n ­
d r e d th s .
A v e r a g e th e rm o m e te r 78, h ig h e st 88 a n d lo w e st 68.
T h e fo llo w in g sta te m e n t w e h a v e a lso r e c e iv e d b y t e le g r a p i
s h o w in g th e h e ig h t o f th e r iv e r s a t th e p o in ts n a m e d a t £
o ’c lo c k J u n e 8 , 1 8 93, a n d J u n e 9, 1892.
J u n e 8, *93.

J u n e 9, ’92.

F ee t.

F e e t.

16*5
33 2
24*7
20 0
46 1

17 4
33-9
12-2
31*7
481

New Orleans.............. Abovelow -w ater mark.
M e m p h is ..................Above low-w aterm ark.
Nashville — ............. Above low-water mark.
Shreveport.................Above low-water mark.
VlcksOurg................... Abo ve low-w ater mark
C otton A

creage

R e p o r t . — I n ou r e d ito ria l c o lu m n s w ill

h e fo u n d to -d a y o u r a n n u a l c o tto n a c re a g e r e p o rt, w ith an
a c c o u n t a t le n g th o f th e c o n d itio n o f th e p la n t in each section
-of th e S o u th .

T h e rep o rt has been prep a red in c irc u la r fo r m

a n d the circ u la rs m a y be h a d in q u a n tity w ith b usin ess card
p rin te d thereon.
I n d i a C o t t o n M o v e m e n t f r o m a l l F o r t s .— T he receipts
a n d .h ia m e n ts o f c o tto n a t B o m b a y h a v e b e e n as fo llo w s for
t h e w e e k a n d y e a r , b r in g in g th e fig u re s d o w n to J u n e 8.
Bo m

b a y r e c e ip t s

a n d s h ip m e n t s f o r

S K ip m e m s th is w e e k .
Ita r

G r ea t j O o n liB r iV n . n e n t .

fo u r

years

C o n ti­
n e n t.

R e c e ip ts .
T h is
W ee k .

T o ta l.

8inc€
S ept. 1.

’ 92-3
’ 91-2 8.000 30.000 38.000 60.000 749 000
815.000 69.000 1.546.000
•90-1 2 .0 0 0 6 .000 8 .0 0 0 93.000 -AoioOO; 9w3a.uuu
9 /.uuu
3 .0 0 0 47,000
9-9Q>,1..0Jl)'11.000,2S 000 3 37,000 lolCQDO l , 319,000 50,000 1.872.000
2.092.000
j S h ip m e n ts f o r th e w e e k
S h ip m e n ts s i n c e S ep t. 1.
G rea t
B rita in .

T o ta l.

R ecord

2,000

G rea t
B rita in .

C o n tin e n t.

10.000
8,000

40.000
23.000

50.001
36,00(

6 ,000
13.000

16.001
31,001

......

2,000

Total.

l.coo

1,000

10.000
18,000

3.000
2.0C0

3.000
2.000

22.0 0 0
29,000

4 3.000
58.0 0 0

65 001
S7,00(

42.000
55.000

89.000
99.000

131 001
154.00C

5.000
3,( 00

5.000
3.000

E X P O R T S TO E U R O PE F RO M A L L IN D IA .

1892-93.

[

1891-92.

S h ip m e n ts
to a ll E u r o p e
fr o m — ‘

T h is
w eek.

Bombay.
Allother ports.

30,0 0 0
5 ,0 0 0

744.000
1 31,000

38.0 0 0
3,000

81 5 .0 0 0
154.000

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

35,000

875,000

41,000

9 69,000

S in c e
\ T h is
S ep t. 1 . | w e e k .

Since
Sept. 1.

F or

M a y . — B e lo w

This
w e ek .

8,000
6 ,000

S in e s
S ept. 1.

933,000
18 i,00C

14,000 1,115,000

and p re­

T h e fig u re s are fr o m th e record s o f th e S ig n a l S e rv ic e B u r e a u ,
e x c e p t a t p o in ts w h e r e th e y h a v e n o sta tio n , a n d a t th o se
p oin ts th e y are f r o m record s k e p t b y o u r o w n a g e n ts .
F eb ru a ry.

M a rch .

A p r il.

M ay.

T h erm o m e ter

1893. 1892. 1891.

1893.

892.

891

70-0
23-0

65-0 78-0
19-0. 24-0
41-0 49-0

78*0
24*0
40*0

72*0
24*0
44*0

74*0
23*0
•43*0

87*0
4"-0
00*0

83*0
330
50*(

84*4 1
33*4 1
53-1 J

93*0
46*i
67*0

89*0
44*0
64*0

76*
31*0
52-3

69*0

76*0
20*0
54*0

74*1
27*0
50*1

72*C
30*0
52*2

89-0
44*0
0j*8

S0*0
35-0
00*0

82*0
36*0
50*<
6 2 0 ; 69*0

80*C

70*0

49*i.-

85*0
41*0
08*0

73* P 74*(
23*0 23*0
45*f 44*5

89*0
34*0
61*0

84*0
28*0
55*8

85T
29 X,
5S*7

91*0
41*0
6o*7

92*0
41*0
68*4

89*0
34*0
04*4

77*0
18*0
500

71*0
21*0
47*1

89*0
39-u
03*0

78*0
31*0
57*0

85*0
26*0
01*2

90*0
44*0
07*0

89*0
48*0

90*0
38*0
05*4

91*0
370
02-7

82*0
30*0
57*2

90*0
45*0

91*u
45*0
67*6

52*0
45*0
61*2

75*0

L893.

89*2. 89 L. |lJ
1893. 1892. 1891.

V IR G IN IA .
S o r fo lk .—

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

42-0

N .C A R ’L A .
W ilv iin g to n -

H ig h e s t ..
L o w e s t ...
A v e r a g e ..
W e l d o n .—

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

80*0

43-9

42 3

79*0
23*0
49-1 j 40*8

67-0
26-0
45*0

63-0
20-o

23*i

73-0

21*0

C h a r lo tte —

H ig h e s t ..
L ow est—
A v e r a g e ...
R a le i g h —

H ig h e s t ...
L ow est—
A v e r a g e ...

68*0

43*8

17-0
43*8

! 78*0
21*0
48*2

74*»
2.3-1
40*0

64-0
18*<
395

65-0
24-0
45'4

1 6S*0
18*0
43*1

60*0
20*0
39*0

0-1-0
22*0
40*2

77*0
29*0
00*4

05*0
22*0
43*8

78*0
23*0
5 5"i

78-0
33-0
56-0

73*0
32-0
53-0

70*0
26*0
56*0

76*0
28*0
5o'U

74*0
34*»
55*0

87*0
50*0
08*0

80*i
42*(
04*0

80*0
38*0
65*0

72-0

21*0

M r r r g a n tz n —

H ig h e s t ...
L ow est.
A v e r a g e ...

70*0
23*i'
45*8

00*1

68*0

80*0

40*0 32*0
57*6

59*5

54*0
72*0

89*C
53*0
72*0

92*0
51*0
70*0

3. C A R O L ’ A
C h a r le s t o n .—

H i g h e s t ...
L ow est—
A v e r a g e .. .
8 t a t e b u r g .—

H i g h e s t ....
L ow est—
A v e r a g e ..
C o lu m b ia —
H i g h e s t . .. .
L ow est —
A v e r a g e ..
E vergreen H i g h e s t....

L o w e s t ..
A v e r a g e ...

68*6

88*0

18*8

1

81*5
21*5
530

75*0
24*7
50*8

73-8
28*7
50*J

88*5
43*0
07-1

82*9 82*9
30*: 32*5
00*6 63*0

93*0
49*0
70*4

88*5
50*3
70*2

89*8
43*8
08*1

74*0
39-0
51-

69-0
23-0
49-7

82*5
20*1
54*4

77*9
240
51*8

69*8
26i
40’ e

91*0
40*0
09*2

83*5
32*0
tMH

95*0
47*8
71*2

93*5
48*4

0

99*5
41*2
70*2

73*0
32-0
44-0

09*0

22*0
47*5

79*0l 72*0
20-e 20*0
53*2 50*0

93*0
40*0
07*0

90*0
40*0
60*6

74*1
31-0
50*8

70-0
28*0
51-0

81*0
23*0
54*3

790
25*0
52*0

790
300
52*0

91*0
42*0
08-9

85*0
35*0
03*0

90*0
31*0
05*0

94*0
49*0
70*7

92*0
47*0
71*0

93*0
42*0
69*0

79*0
18*0
51*4

77*0
17*0
48*0

73*0
23*0
47*0

84*0
89*0
04*2

82*0
32*0
59*0

86*0
23*0
63-0

90*0
47*0
60*2

83*0

45*i

6S-8

89*0
42*0
07*4

)

81*0
20*0
57‘ t

83*0
27*0
50*0

78*0
35*0
50*0

89*P
51*0
70*0

85*0
42*0
00*0

83*0
3P0.
05-2

92*0
54*0
73-0

91*<
51*0
7 31

91*0
50*0
70*6

>

78*0
30*0
57*0

78*0
25*0
51*0

73*0
35*0
52*0

R8-i
44-0
70*0

80*0
45*0
00*0

82*0
37*0
04*0

90*0
50*(
75*3

89*t
53*<

•
84*0
27*0
47-0

0
)
6

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

75*0 09*0
22*0 2 V 0
4t**0 47*0

84-0
40*1
03*0

80*0
36*0
00-0

84*0
30*0
62*1

78*' 70*0
36*0 32-0
53 "2 54*9

0
9

88*0
23*0
57*7

81*0
25-C
oi>*7

80*0
2 9T
53-8

88*0 87*(
48’ U 42*<
70*0 0 0 0

87*1
35*(
00*5

0
0
6

84*0
2V0
0l*c

84*0
29*0
eo*L

82*0
3v0
01*6

90*i
53*(
72*6

8S*i
43*i
094

73*6
330
50-

27*0

86*2
28*5
01*4

Sfi’ 0
34*0
01-5

G E O R G IA .
A u g u s t a .—

H i g h e s t ...
L o w e s t ....
A v e r a g e ..
A t la n t a .—

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

70*0 65*0
30-G 26-0
40*2 4 7 8

•
■

S a v a n n a h .—

H ig h e s t ..
L ow est—
A v e r a g e .. .

81*0
34-0
57*1

75*0
32-0
54*0

C o l u m b u s .—

H i g h e s t . ..
L ow est—
A v e r a g e ..
B o r n e.—

H i g h e s t . ..
L ow est—
A v e r a g e .. .

73*0
37*0
52-1

880
27*C
47*0

86*0

74*i

55*0
71*0

80*(
46*<
70*i

87*0
40*0
09*0

92C
50*0
73*4

93*(
52*

734

92*0
52*0
72*0

86*.
34-t
074

93*0
57*0
75*0

920
52'<
75*0

92*0
54*0
72*8

88*0
46*0
07*0

f 0T8\fth.—

H i g h e s t ...
L ow est—
A v e r a g e .. .
F L O R ID A .
J a c k s o n v ill e .

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

820

41*4
62(

la m p a .—

H i g h e s t . ..
L o w e s t ___
A v e r a g e ...
litu s v ille —
H i g h e s t . ..
L ow est...
A v e r a g e ..
la lla h a s s e e H ig h e s t
L ow est.
A v e r a g e ..

83-0
44*<
67*0

79*0
380
03*0

0
i
0

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9 r 'd C o t e a u -

1890-91.

w e g iv e th e th e r ­

the m o n th o f M a y

viou s m o n th s o f th is a n d la s ty e a r s a n d th e tw o p re c e d in g y e a r s .

J a sper—

•Calontta—
1 8 9 3 -9 3 ...
1891- 9 2 ...
Madras—•
1892- 9 3 ...
1891- 9 2 ...i ......
A it others—
18929 3 ...
1 891-92...
T :>tali»il1 3 9 2 -9 3 ...
1 3 9 1 -9 2 ...

C o n ti­
n e n t.

eather

m o m e te r a n d r a in fa ll re co rd fo r

ALABAM A

S h ip m e n t s s i n c e S ep t. 1.

G rea t
T o ta l. B r i t a i n

W

[Y o u LVI

H i g h e s t . .. .
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41**

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THE CHRONICLE.

J une 10, 1893.]
F eb ru a ry.

M a rch .

A p r il.

M ay

F eb ru a ry.
R a in fa ll.

T h erm o m e te

1893 1892 1891

1893 1892

1891

1893 1892 1891.

1893 1892

1391.

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TEXAS.
G a lv e s to n .—

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78-5
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H i g h e s t . .. .
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103-0 100*C
4 2 0 48-0
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P a le s tin e .—

97-0
40-0
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84-0
20-0
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82-0
43-0
02-2

77-5
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54-4

74-0
330
58-i

80-0
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H u n t s v il le .—

H i g h e s t . ..
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90*0
50M
78*2

88-0
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92-0
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L o n g v iew —

H i g h e s t . .. .
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H i g h e s t . .. .
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A v e r a g e ...

78*0
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89-0
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95-5
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710
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93-0
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92*0
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IN D IA N T.
O k la h o m a —

H i g h e s t . .. .
L o w e s t ___
A v e r a g e ...

74*0 72-0
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84-0
80-0
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F eb ru a ry.

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81-0
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M ay.

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M a rch

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R a in fa ll.

1893. 1892. 1891.

1893. 1892. 1891.

1893. 1892. 1391.

1893. 1892 1891.

V IR G IN IA .
404
15

530
12

5-10
10

3-32
13

3-01
14

809
18

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11

3-76
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2-94
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18

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1-13
16

1-15
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10

1-04
9

1 03
8

454
13

2-90
11

4-80
10

223
9

2-62
13

8-30
20

0-90
9

438
10

334
7

3-21
1!

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14
8

7-40
10

3-30
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1-74
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405
11

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17

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11

2-79
5

4-23
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2 28
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0-17
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3 '5 *
12

3-14
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1-59
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329
13

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9

5 57
11

5-80
13

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10

R a in f a l l.i n . 0-00
D a y s r a i n . 1 12
8. C A R O L ’ A

2-84
0

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12

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11

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405
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9

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N. C A R ’ N A .

W e ld o n .—

R a in f a ll.in
D a y s r a in ..
C h a r lo tte —

R a in fa ll.in
D a y s r a in ..
R a le ig h —

R a in fa ll.in
D a y s r a in ..
M o r g a n to n .—

297
17

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10

0-99
12

307
14

2-84
7

8-59
14
5-47
12

110
10

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7

5*03
10

4*83
10

3*22
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9*03
0

5*9
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3

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0

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0

4

3

15

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12

2'22 2*17 1 1-87
14 1 6
11
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3

5

8

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229

418
11

1-84

2-73
10

8-11
15

2*51 10-08 12*49
7
8
13

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0-55

1*45

0*87
10

0*77
11

0-32
0

8-9o
16

0-7*

4*02
13

207

0-11
2

1*7.

R a in fa ll.il}
D a y s ra in ..

1*71
8

1*13
9

0-98
4

0*57
10

1-58
0

3*24
8

1-34
7

0*31
3

2*77
10

2-07
9

D ays r a in ..

3*15
13

2*09
10

P85
13

3-83
14

1-30
7

4*43
8

1*72
4

10“
2

4*45
13

3*86
10 j

2*93
7
*

2*57
4

1-95
9

0*87
12

1-40
5

0*12
8

5*70
2

0-85
3

2*26
4

427
4

1"02 * 0*90
5
2

R a in f a ll.in
D a y s ra in .

4*92
11

3-01
9

8-43
10

2-89 ll*9 t
8
8

0*73
15

4* 13
8

1-14
9

l-9fl

0-93
11

255
8

3*46
10

D a y s ra in ..

3‘ 05
15

2 09
5

4 -7 '
19

3-97
15

8*52
0

09*;
10

3*7*2
12

310
15

1*«5

0-04
U

1*49
7

0*07
7

R a in fa ll.in

4*89

5-00 1 0 0 7
14

0-8 2 10*80

7*0*'
10

3*35

2-16

1*45

2-71

2-15

7-43
0

3-72 11*20
5
13

2-04
7

7-49
0

0 ‘9*!
0

3-01
5

2-08
4

6-17
11

255
7

2-43
7

4*96 11*00
12
10

8C4
8

1*91
0

3

2*92
4

6

0
3*03
10

T a m p a .—

R a in fa ll,ir:
D a y s r a in ..
M o n t g o m ’ y .—

D a y s ra in ..
L O U IS ’ A N A
Yen; O r le a n s R a in fa ll.in

3

0-69
4
12

2-42
9

8*7*
14

0-51
7

2071
5 j

3-3«
13

2 '2 m 4-07
4
3

2*41
4

7*92
8

7*96
0

3-29
10

1*57
5

5

257
8

4*92
10

004
2

7-42
15

3*49

2*82

2-67
8

3-70 10-44

0 *2o
2

2-62

0*78

1-58
10

3-03
9

2-78
1C

2*68
8

2*57
8

3 11
12

3*13
5

907
13

2*9?
11

4*50
12

235
0

0-83
7

D a y s ra in ..

2*03
7

2-04
0

8*42
9

3*83
5

4*72
7

800
0

2*12
3

344
4

0-80
6

8*08
0

3*83
3

1-29
3

R a in fa ll.in

2*18

374

5 38

4*11

4*»0

5 57

4*85

7-90
13

409

544

2-15

1*68

R a in fa ll.in
D a y s ra in ..
M IS S IS ’ P I .

4*54
11

3 08

5*9?

1*54 12-09
8

3-15

5*84
10

1*73

2*41

1*47

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

5*08
8

172

0*97
7

3*00
6

0-90 U-20
0
9

3-2*2
7

914
0

3*53
0

4-40
9

3-87
7

1*79
a

R a in fa ll.in

4*05
10

422
18

3*91
11

0-97 10*51
10
11

3 05

6-70
14

309

9-57
14

0-40

100

R a in f a l l,i r
D a y s ra in .

7-50

3'90

8-19
10

2-14

392

4-73

9-06 11-47
11

3*92

0-1]

3*87

4'0 4

5-36
6

T

4*80
11

1*08
3

1-20
7

572
15

8-97
5

5-11
13

325
5

3*25
0

340
fr

0-87
9

3*90
4

7*08
14

312
9

8-00
8

3-34
7

3-40
5

0-70
10

5*4*
6

11-28
7

2-07
4

0-53
5

0*37
3

2 0 0 12*10

0-41

5-90 18*5'

1-57 12-00
10
2

5*20

5*93
8

1-10

2*35

8-40

2*41

Ood^

...J

9-02
10

2*3810

4-23
10

3 ‘OS
7

10*59
20

2-0814

L i b e r t y H ill—

s

V ic k s b u r g .—

C la r k s d a le —

R a in f a ll,ir
l)a v s ra in .

K o s c iu s k o —

R a in fa ll.in
D a y s ra in ..
R a in fa ll.in
D a y s ra in ..
A K R ’ NCJAS

0-82
2

5-81

6*90

2*67

8-10

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

5*48
13

3-44
11

3*99
12

4*47
9

2-55
0

5'4>
12

5*8
10

753
12

3*29
11
2*44
5
3*00
11

4*50
12

3-81

5*81
10

5*00
9

0-99
13

3 78
5

44*
7

8-80
10

9M18 8-12
H
10

311
10

2-51
11

075
7

2-28
6

2*71
11

4*32
14

7-89
11

4-91
5

R u ln fa ll.ln *4*21
D a y s ra in ..

4-79
2*89
8

2*27
5

10-21
0

7-2.i
5

R a ln fa ll.il.
D a y s ra in .

3*03
7

385
12

1*05
2

F o r t S tn ii h—

R a in fa ll.in

....

(6*68
10

C a m d en —

10

C o m in g —

R a in f a ll.in
D a y s ra in ..
T E N N K S ’ K.

9*30
13

8"2v“
10

2-07
9

R a in fa ll.ii.
D a y s ra in ..

4*88
12

2-73

0*90
18

3-37
10

4-10 10 31
12
15

411
U

7-45
15

2-24
11

7*81
14

4*C3
12

2*3fr
0

0-3S
13

3-15
10

4*07
15

l*9o
8

4*05
9

7*37
14

5-48
11

82**
14

2*72

D a y s ra in ..

13-34
12

7-4-1
15

1*75
4

0-94

3-71

7*25
15

3*lf*

5*15 1039
13
10

7 5 2 1 11 3
10
12

4*25
10

82

0-05

C-59

5-23
10

1* 4
4

S a s h v i lle .—

A sh w ood —

R a in fa ll.in
D a y s ra in .
D a y s ra in .
TEXAS.

iu s tin —

4*30
9

1-98
8

7-18
13

2-89
5

4-00 11*43
10
8

3-47
0

7-30
10

2 25
11

l*9}i
14

1*52
8

4-35
10

0 8s
H

1*45
11

25
12

5-70

1-14
7

1-73
5

2 -9 '
9

0-33
4

0*25
4

1*25
12

5-05
9

1*92
5

2-07
9

4*7i
8

2-012

3 37
4

4*80
10

8*95
13

4-90
12

4T S
9

1-07
0

o-oo

1-70
0

0'2u
3

0-29
3

1*92
4

2*05
4

0-33
4

1*04
5

0-7H
1

0-0*
1

2*59
10

l*7v*
0

<*-2'
*

1*0“
5

1*11
0

0-71
11

2-14
8

1*75
9

1-18

2*18
0

0-10
3

0*05

2-00
4

3-50
7

1-20
2

2*49
10

5
2*07
4

2-15
4

2-91 13-74
7
7

312
7

252
3

4-00
7

3*5n
8

279
4

8 ’ 7-i

12

5 14
7

6*07
9

3-97
7

2824

0-81
5

0-92
2

S-02
4

427
10

2-79
7

1-08
4

2-75
0

4-04
5

7 01
0

5*2“
0

1*77
10

0*44
1-25
2
4 J

S *ll
11

3*04
8

3*12
8

1*33
12

430
8

1-53
10

1-90
14

5*92
10

0

A b i l e n e .—

R a in f a ll.in
D a y s ra in ..
San A n to n io .
R a in fa ll,!
D a y s ra in ..
U unts\>U le.—

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

2

R a in f a l l.i n
D a y s ra in ..
A r lin g to n —

1-32

3-88
9

7-02
15

0-05
4

1-30
7

1 2 lj
5

391
10

2"9o
10

1 «5
8

R a in fa ll.in
D a y s ra in ..
IN D IA N T.

4-82
15

4-41
10

3-70
13

1-2*'
11

3-78
8

0 99
13

0*4")
4

1-43
0

1 30
4

3*70
10

2-59
0

2-92
10

O k la h o m a —

7-50
14

10

5

13

12

4

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

7

12
8*59
9

P a le s t i n e —

D a y s ra in .
7-58
12

3
500

307
14

5

5-01
10

R a in fa ll,in
D a y s r a in ..

4'23
9

E vergreen —

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

3*87
11

493
11

5-03
12

C o l u m b i a .—

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

2*23
13

0*101 T 2
1 1 7

L o n g v iew —

S ta te -b u r g —

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

11

1-31
9

7*05
11

F L O R ID A .

D a y s ra in .

C h a r le s to n —

R a in fa ll.in
D a y 8 ra in ..

10*1*
20

4*44

R a in fa ll.ii,
D a y s ra in .

W U m in g t'n —

R a in f a l l.i n
D a y s r a in ..

5*7
12

7*80
11

N o r fo lk .—

R a in f a ll.in
D a y s r a in ..

2"4 8
10

0*7J

2*30
3

R a in fa ll.in
D a y s ra in ..
90*0
500
08*3

S a n A n t o n io .

H i g h e s t . ..
L ow est—
A v e r a g e .. .

8*5(
19

1*3
0

B rooka ven —

A b ile n e .—

H i g h e s t . ..
L o w e s t ___
A v e r a g e ...

3-41
11

0*9*

W io g in s —

M e m p h is —

H i g h e s t . .. .
L o w e s t ...
A vera ge.

R a in fa ll.in

R a in fa ll.in
D a y s rain ..

N a s h v ille .—

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

5-10
0

8-44
10

J a sper—

T E N N E S ’E.
H ig h e s t.
L o w e s t ___
A v e r a g e ..

R a in fa ll.in
D a y s r a in ..

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

72-0
24-0
4V8

C o r n in g —

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

4*73
12

4-5
10

1893 j 1892 [1 8 9L
— 1------- —
3 25 ! 2*9.
4 37
11

T a lla h a s s e e —

F o r t S m ith -

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

R a in fa ll,ir
D a y s ra in .

R a in fa ll.in

L ittle R o c k -

H ig h e s t ...
L ow est—
A v e r a g e .. .

545
15

2*81
10

IM08 1802 1891
—
—

A t l a n t a .—

R a in fa ll.in

A R K A N S’S
H ig h e s t ..
L ow est —
_ A .v e r a g e ...
H e le n a —
H ig n e s t ..
L o w e s t ___
A v e r a g e ...

R a in fa ll.in

3*71
13

1892 1891

“

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

2-90
8

1893

CO

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

5*2*
13

1891

*SS

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

1892

A u g u s t a .—

702352*i

V i c k s v g—

H g h t s t ..
’ .o w e t ..
A v i r a t e ..

1893
U B O R G IA .

C o l u m b u s .—

H ig h e s t ..
L o w e s t ..
A vera ge .

981

0*67
4

0-09 2-22
8 1 10

+ I n a p p r e c i a b le .

2-95
4

1*95
0

5*7*5, 0-12
0
0

1-857

4"5«
10

3*30
5

2-368

0"S9
6
2-97
5

THE CHRONICLE.

982

A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— T h r o u g h a r ra n g e ­
m e n ts w e h a v e m a d e w ith M e ssrs. D a v ie s , B e n a c h i & C o ., of
L iv e r p o o l a n d A le x a n d r ia , w e n o w re c e iv e a w e e k ly c a b le of
th e m o v e m e n ts o f c o tto n a t A le x a n d r ia , E g y p t . T h e fo llo w in g
•re th e re c e ip ts a n d s h ip m e n ts f o r th e p a st w e e k a n d f o r the
corre sp o n d in g w e e k o f th e p re v io u s t w o y e a r s.
A l e x a n d r i a , E g y p t,
T u n e 7.

1 8 9 2 -9 3 .

1 8 9 1 -9 2 .

1 8 9 0 -9 1 .

5 ,1 2 9 ,0 0 0

9 ,0 0 0
4 ,6 4 9 ,0 0 0

3 ,0 0 0
4 ,0 0 7 ,0 0 0

Heoelpte (e a n t a r e * )....
T h is w eek ___
S in ce S ept. 1 .

T h is
w eek.

Exports (b a les)—
T o L i v e r p o o l.............
To Ckm tlnent.............

S in c e
S ep t. 1.

5 .0 0 0 2 8 7 .0 0 0
8 .0 0 0 2 9 8 .0 0 0

T otal Europe_____ 1 3 , 0 0 0 5 8 5 , 0 0 0
* A o a n ta r I e 9 8 r o u n d s .

S in c e
S ep t. 1 .

T h is
S in ce
w e e k . S ept. 1

1 .0 0 0 3 1 7 .0 0 0
6 .0 0 0 2 4 4 .0 0 0

2 ,0 0 0 2 7 7 ,0 0 0
4 , 0 0 0 2 2 5 .0 0 C

T h is
w eek.

7 ,0 0 0 5 6 1 ,0 0 0 l

6 ,0 0 0 5 0 2 ,0 0 c

1893.
T w ist.

May 5
4‘ 12
“ 19
“ 26
J’ ne 2
“
9

d.
d.
7
® 7*8
7
® 7 78
6% ®75 b

s.
5
5
5

6*S '3>73S 5
6 34
5

a.
b. a.
6 ®7 2
6 ®7 2
4ks®7 1
3 ia ® 7
4Li®7

0
18)

J o t e B u t t s , B a g g in g , &

O otV n
3 2 s O op.
M id .
T w ist.
TJplds

d.
d.
6^
f4t^16 638
4 3ie 638
630
638
638
4%
c.—

M ay 19.

d.
® 7 7 16
®73s
'®73j*
'®738

8.
5
5
5
5
'd)71Q 5
<® 7 1q 5

8 H lbs.
S h ir tin g s .
d.
8.
2 ®6
lisa>6
lifl® 6
2 -®6
2
2

d.
7
6^
6^
7
7
7

O otVr
M id
TJpld

a.
4
3W lfl
4 716
I4s3is
1"

T ra n sa c tio n s in ju t e b a g g in g

to -n ig h t is a t 4> £c. fo r
sta n d a rd g ra d e s.

w e ll m a in t a in e d .

lb 3 ., 5 c .

June 9.

T h e to n e o f th e L iv e r p o o l m a r k e t f o r sp ots a n d fu tu r e s e a c h
l a y o f th e w e e k e n d in g J u n e 9, a n d th e d a ily c lo s in g p r ic e s
h a v e b e e n as f o llo w s :

M arket,
1 :4 5

f

S a tu r d a y M o n d a y .

?

. m.]

Good
demand.

M ia .u p v a s .

W ed n es.

T S u rtcT y .

F r id a y .

Firm.

Steady.

Good
In buyers’ business
favor.
doing.

Steady.

4 3a

4%

43s

1 0 ,0 0 0
1 ,0 3 0

1 5 ,0 0 0
1 ,0 0 0

1 4 ,0 0 0
1 ,0 0 0

1 0 ,0 0 0
1 ,0 0 0

4 5ie

4 “ 18

4 51S
1 2 ,0 0 0
1 ,0 0 0

T u esd a y.

1 5 ,0 0 0
1 ,5 0 0

F u tu r e s .

M a rk et, 1
1 :4 5 r f i l . J

Firm at
2-64 advance.

Steady at
vance.

Easy at
3-64 dod in e.

Firm at
4-64 advanoe.

M a rk et, ?
4 P . M. J

Steady.

Barely
steady.

Firm.

Steady.

3 -6 4 a d -

Steady at Steady at
1-64 departially
dine.
1-64 adv.
Barely
steady.

Easy.

a t L iv e r p o o l f o r e a c h d a y are g iv e n b e lo w . P ric e s are o n
the b a sis o f U p la n d s , L o w M id d lin g c la u s e , u n le ss o th e rw ise
s ta te d :
S a t., June 3 .

M o n ., J u n e 5 .

T u e s ., J u n e 6 .

T h e c lo se
O pen H ig h L o w . O los.

fo r 2 lb s. a n d 5 } £ c . f o r

J u te b u tts c o n tin u e q u ie t a t t % i . fo r p ap er

g ra d e s a n d \ % a . fo r b a g g in g q u a lit y .

J u n e 2.

of s p o t c o tto n ,

h a v e b e e n o f fa ir ly s a tisfa c to ry p ro p o rtio n s th e p a st w e e k ,
a n d p rices h a v e b e e n p r e tty

M ay 26.

Sales of the week............. bales.
4 6 ,0 0 0
2 9 ,0 0 0
5 3 ,0 0 0
1 0 0 ,0 0 0
Of which exporters too k ___
2 ,0 0 0
3 ,0 0 0
1 ,0 0 0
1 ,0 0 0
Of whioh speculators too k ..
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
Sales Am erican_____ __________
4 1 ,0 0 0
2 6 ,0 0 0
4 8 ,0 0 0
7 0 ,0 0 0
Actual e x p o r t ............................
6 ,0 0 0
8 ,0 0 0
5 .0 0 0
6 ,0 0 0
forw arded....................................
5 3 ,0 0 0
3 4 ,0 0 0
4 6 ,0 0 0
6 6 ,0 0 0
Total stook—Estim ated______ 1 , 5 8 2 , 0 0 0 1 , 5 7 4 , 0 0 0 1 , 5 7 3 , 0 0 0 1 , 5 6 3 , 0 0 0
Of whioh American—Estlm ’ d 1 , 3 3 2 , 0 0 0 1 , 3 2 1 , 0 0 0 1 , 3 1 4 , 0 0 0 1 , 2 9 4 , 0 0 0
Total Import of the week
4 9 ,0 0 0
3 4 ,0 0 0
5 0 ,0 0 0
6 2 ,0 0 0
Of whioh A m erican.. . .
3 7 ,0 0 0
2 5 ,0 0 0
3 5 ,0 0 0
3 9 ,0 0 0
vmount afloat....................
8 0 ,0 0 0
8 7 ,0 0 0
7 9 .0 0 0
5 3 ,0 0 0
O f whioh Am erican____
7 0 ,0 0 0
7 5 ,0 0 0
7 0 ,0 0 0
5 1 ,0 0 0

S pec. & e xp .

1892.

8^4 lbs.
S h ir tin g s .

3 2 * C op .

L i v e r p o o l .— B y c a b le fr o m L iv e r o o o l w e h a v e th e f o llo w i n g
sta te m e n t o f th e w e e k ’s sa les, s to c k s , & c ., a t t h a t p o r t:

S p o t.

-M a n c h e s t e r M a r k e t . — O ur re p o rt re c e iv e d b y cab le to -n ig h t
fr o m M a n c h e ste r sta te s th a t the m a r k e t is fir m fo r b oth y a r n s
a n d sh e e tin g s. M a n u fa c tu r e rs are in g e n e r a l w e ll u n i e r c o n ­
tra c t. W e g iv e th e prices fo r to -d a y b e low an d leav e th o se
fo r p re v io u s w e e k s o f this a n d la st y e a r fo r c o m p a r is o n :

[V ol. LVI.

June...........
June-July..
In ly-A u g...
Ang.-Sept..
Sept.-Oct...
O ct.-N ov....
N ov.-D ec...
Dec.-Jan__
Jan.-Feb__
Feb.-M ch...

O pen H igh L o w . O los. O pen H igh L o w . O los.

a.

d.

d.

d.

d.

d.

d.

i.

d.

d.

d.

<L

4 15
4 15
4 17
4 19
4 20
4 22
4 24
4 25
4 27
4 29

4 16
4 16
4 17
4 19
4 21
4 23
4 24
4 26
4 28
4 29

Ho
” 5
4 17
4 19
4 20
4 22
4 24
4 25
4 27
4 29

4 16
4 16
4 17
4 19
4 21
4 23
4 21
4 20
4 28
4 29 1

4 10
416
4 18
4 20
4 21
4 23
4 25
4 26
4 28
4 30

4 17
4 17
4 19
4 20
4 22
4 24
4 25
4 27
4 28
4 30

4 16
4 16
4 17
4 19
4 21
4 22
4 24
4 20
4 27
4 29

4 16
4 13
118
4 19
4 21
4 23
4 21
4 20
4 28
4 30

4 12
4 12
4 14
4 16
417
4 19
4 21
4 22
4 24
4 20

4 15
A 15
117
4 19
4 20
4 22
4 23
4 25
4 27
4 29

4 12
4 12
4 14
4 16
4 17
4 19
4 21
4 22
4 24
4 20

415
A 15
A1Y
4 19
4 20
4 22
4 23
4 25
4 27
4 29

N e w Y o r k C o t t o n E x c h a n g e — A n n u a l E l e c t i o n .— T he
a n n u a l ele ctio n o f officers an d m a n a g e rs o f th e N e w Y o r k
C o tto n E x c h a n g e w a s h e ld o n M o n d a y , J u n e 5 .
T h e re w as
n o op p osition tic k e t an d the sittin g officers w e re w ith on e or
t w o e xce p tio n s re-e le c te d . T h e fo llo w in g w ere th e su c c e ssfu l
c a n d id a te s : P re sid e n t, J . O . B le s s ; V ic e -P r e s id e n t, R u n h a r d
S e id e n b u r g ; T reasu rer, W a lt e r T . M ille r ; M a n a g e rs, M eyer
H . L e h m a n , T h eo. P . R a lli, W i l l i a m R a y , S te p h e n F . R u ssell,
W e d ., J u n e 7 ,
T h u r a ., J u n e 8 .
U e o r g e B re n n e c k e , A d . N o r d e n , R . H . R o u n tre e , T . M . R o b in F r l ., J un e 9 .
gP“ » b . J . H a r d in g , J r ., W . J. H o ch sta e tte r. Isa a c B . F ro e O pen H ig h L o w . Olos. O pen H igh L o w . O los. O pen H ig h L o w . O los .
iig h , C h arles M . C a lh o u n , H e n r y S c h a e fe r, R . P. M c D o u °-a ll
a n d G e o rg e A . C h a p m a n ; T ru stee G r a tu ity F u n d (to serve
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
th r ee ye a rs), L . C . L a th r o p ; In sp ec to rs o f E le c tio n , C . M a y June........... 4 20 4 20 4 20 4 20 4 19 4 20 4 18 4 18 4 19 4 19 4 10 4 16
h o ff, J . W . M oses a n d S. F . P a r ro tt.
June-July.. 4 20 4 20 4 20 4 20 4 19 4 20 418 4 18 4 19 419 4 10 4 1 «
J uly-A ug... 4 22 4 22 4 22 4 22 4 21 4 21 4 19 4 19 4 20 4 21 4 18 4 18
S h a p i n g N e w s . — T he e x p o rts o f c o tto n fr o m th e U n ite d
Aug.-Sept.. 4 23 4 24 4 23 421 4 23 4 23 4 21 42L 4 22 4 23 4 19 4 20
S ta te s th e p a st w e e k , as per l a t e s t m a i l re tu rn s, h a v e reached
Sept.-Oct... 4 25 4 25 4 25 4 25 4 21 4 25 4 22 4 23 4 24 4 24 4 21 4 21
oo,4^4 bales.
S o fa r as th e S o u th e rn ports are con c e rn e d , these
Oct.-Nov.... 4 27 4 27 4 27 4 27 4 20 4 26 4 24 4 25 4 25 4 26 4 22 4 23
a r e th e s a m e e x p o rts rep o rted b y te le g r a p h a n d pu b lish ed in N ov.-D ee... 4 28 4 29 4 26 4 29
4 23 4 28 4 20 4 20 4 27 4 27 4 24 4 24
t h e C h r o n ic l e la st F r id a y .
W i t h re g a rd to N e w Y o r k w e Dec.-Jan— 4 30 4 30 4 30 4 30 4 29 4 30 4 27 428
4 28 4 29 4 26 4 36
in c lu d e th e m a n ife sts o f a ll vessels c le a re d u p to T h u rsd a y .
Jan.-Feb__ 4 31 4 32 4 31 4 32 4 31 4 31 4 29 4 29 4 30 4 30 4 27 428
Feb.-Mch. . 4 33 434 4 33 4 34 4 33 4 33 4 31 4 31 4 31 4 32 4 29 4 29
New York—To Liveroool, per steamers Alaska, 1 , 7 5 9 T. . o. .ta l b a tes
Nomadic, 2 ,5 6 5 ... Servia, 4 , 3 2 8 ...............
»
To Hull, per steamers Draco, 1 4 8 ....H in d o o , 2 ,3 7 9 ...............
2827
To Harve, per steamer La Bretagne, 1 ,1 8 3 ........1 4 «3
F r i d a y , J u n e 9, 1 8 9 3 .
To Bremen, per steamers Em s, 100 — Strassburg, i , 6 5 9 " "
1759
To Hamburg, per steamers Moravia, 7 0 0 ___ Rugla, 1,155
i ’115-5
T h e re h a s been a fu r th e r d e c lin e in th e m a r k e t fo r w h e a t
To Antwerp, per steamer Westernland, 1,250 . . . . . .
i ’ 250
flou r, p a r tic u la rly in th e c h o ice r g r a d e s o f sp r in g , as th e m ills ,
N a w O rleans —To Liverpool, per -steam ers Buenaventura,
2 e>00
Eleotrieiau, 4 ,2 0 0 — Traveller, 4 ,4 0 0 ___
11 100 o w in g to th e s c a rc ity o f fu n d s , are d isp o sed to fo rc e sales.
T o H a m b u rg, per steam er G rassbrook , 400. . . . . .
4 0 0 T h e lo w g ra d e s, h o w e v e r , in c o n se q u e n c e o f a m o d e ra te d e ­
a. JF2.VeraSniz’ Per steamer Raveusdale, 787 ......... .............
7 0 7 m a n d fr o m ship p ers a n d sc a r c ity o f su p p lie s, h a v e h e ld c o m ­
Savannah—ToBarcelona, per brig Cbanito, 525.
.........
kok
p a r a tiv e ly s te a d y . R y e flo u r has m e t w ith a fa ir tra d e an d
B oston —To Liverpool, per steamers Ce.ih ilonla, 3'sd” ".Kansas’
as sup p lies are s o m e w h a t lim ite d , f u ll prices w e re o b ta in e d .
B altim o re - T o Havre,"per steamer Alina, i".9 4 6 ""U .....................
1 9 4 6 C o m m ea l h a s so ld w ith a fa ir d e g ree o f fr e e d o m a t s te a d y
WTr??I? a,nbu,'s ',per s-earner Polynesia, 1 0 0 . . . . . ..........
’? ™
v a lu e s, T o -d a y th e m a r k e t fo r w h e a t flo u r w as fa ir ly a c tiv e
Philadelphia To Antwerp, per steamer Pennsylvania, 93 ""
93
a n d s te a d y in resp o n se to th e a d v a n c e in w h e a t.
T otal..
T h e re w as a sh a rp break in w h e a t v a lu e s e a rly in th e w e e k
3 5 ,4 2 4
u n d e r a c tiv e liq u id a tio n b y th e “ lo n g ” in te re st, d u e to re­
C o tto n fre ig h ts th e p a st w e e k h a v e b e e n as f o llo w s :
ports o f tro u b le in fin a n c ia l c irc le s a t th e W e s t a n d a free
m o v e m e n t o f th e cro p in th e N o r th w e s t ; th e n c a m e a s lig h t
S a tu r .
M on.
T u ts .
W ed n es. T h u rs,
F ri.
r a lly o n th e p o o r s h o w in g o f th e K a n s a s S ta te B o a rd o f
L iv e r p o o l, steam .d
A g r ic u ltu r e , b u t y e s te r d a y th e m a r k e t a g a in w e a k e n e d u n d er
66A
3J3
832
6S2
3.S2
SS2
Do
later,.d.
rep o rts o f fa ilu re s, b oth here a n d a t the W e s t , a n d a m ore
H a v re , reg . lin e .d .
fa v o ra b le rep o rt b y th e M isso u ri S ta te B o a rd th a n g e n e r a lly
S16
Sto
216
S16
D o ou tsid e str.d.
a n tic ip a te d .
l a t h e 3p ot m a r k e t sh ip p e rs h a v e b een active
B rem en , s te a m .. d .
b u y e rs a t d e c lin in g p rices, a n d y e s te r d a y th e ir p u rch a ses in ­
>8
*6
°32
D o v . H a m b .d .
c lu d e d N o . 2 red w in te r a t J£c. u n d e r J u ly f . o. b, a flo a t; N o .
H a m b u rg, steam d.
1 N o r th e r n a t
u n d e r J u ly d e liv e re d ; a n d N o . 2 h a rd
>8
**
hs
%
»o
...........d.
w in te r , d e liv e ry b e tw e e n J u n e 20 a n d 2 8 , at
<§%<'■ ov e r
A m s'd a m , steam .c.
J u ly f . o. b. aflo a t.
L o c a l m ille r s h a v e also b een m o d e ra te
18*
21*
21*
21*
21*
21
*
Do
la te r..c.
b u yers.
T o -d a y the m a r k e t to o k a d e c id e d tu r n fo r the
B fival, s te a m ___ d. l l 64®318
b etter, a n d the s p e c u la tio n w a s a c tiv e on a b risk d e m a n d fr o m
S16
s
17
3
~
si
«
’
*>°
..................d.
“ sh o rts” to co v e r c o n tr a c ts , s tim u la te d b y au im p r o v e m e n t
B ’ lona, d i r e c t ...d .
in th e fin a n c ia l s itu a tio n a t th e W e s t a n d rep o rts o f crop
” «*
1164
” 64
“
I4
l
l
64
G e n o a , s te a m ...d .
d a m a g e in F ra n c e .
T h e sp o t m a rk e t w a3 m o d e r a te ly a c tiv e
6sa
532
682
632
5S2'®316 53 i® 310 fo r e x p o r t and firm e r. S a le in clu d e d N o . 2 red w in te r at
T rieste, v. Lond* n d.
” 64
“ 64
l l «4
”
6.
U
64
U
64
A n tw e rp , stea m , d.
u n d e r J u ly f . o . b. aflo a t a n d u n g ra d e d r e d w in te r a t 7 0 ,8
SS2®7#»4
8S2®764 8SS®76« 8J» ® 764
71J^c. E x p o r t sales fo r th e
w e e k w e re a b o u t 1 ,5 9 9 ,0 0 9
b ushels.
i.

B R E A D S T U F F 5 .

THE CHRONICLE.

J une 10, 1893.]

D A IL Y GLOBING P E IO E S O P N O . 2 UBD W IN T E R W H E A T .

M on.

Sat.

lu e s.

....

W ed .

T h u rs.

Fry.

70%
72%
74
7138
Jnne delivery.............
73 \
72*0
74
72*3
72*4
75*s
July delivery----------74%
70
74 H
75 %
74 %
77
August delivery........
76
7
7
%
7
6
%
7
6
%
78
7
8
%
September delivery..
80
77%
79
....
77 %
....
Ootober delivery —
82%
80
H
82
81%
82%
81%
December delivery __ .
T h e s p e c u la tiv e d e a lin g s in I n d ia n c o rn fu tu r e s h a v e been
f a ir ly a c tiv e , b u t a t d e c lin in g p rice s, d u e to th e c o n tin u e d
h e a v y m o v e m e n t o f th e c r o p , th e u n se ttle d c o n d itio n o f
a ffa irs in fin a n c ia l circles a t th e W e s t a n d in s y m p a t h y w ith
t h e b re a k in w h e a t. I n th e sp o t m a r k e t su p p lie s w ere m o re
p le n tifu l a n d sh ip p e rs w e re m o d e ra te b u y e rs a t lo w e r p rice s.
T h e sales y e s te r d a y in c lu d e d N o . 3 m ix e d a t4 6 1 ^ c . in e le v a to r
a n d 4 7 c . d e liv e r e d ; also N o . 3 w h ite a t 4 9 c . d e liv e re d . T h e
m a r k e t t o -d a y w a s fa ir ly a c tiv e an d h ig h e r o n th e b r ig h te r
o u tlo o k in fin a n c ia l c irc le s W e s t a n d in s y m p a th y w ith the
ris e in w h e a t.
T h e sp ot m a r k e t w a s firm e r b u t q u ie t.
S a les
in c lu d e d N o . 2 m ix e d a t 4 7 @ 4 7 1 ^ c . in e le v a to r a n d 4 7 ]^ c . d e ­
li v e r e d ; also N o . 2 w h ite a t 4 7 c . in e le v a to r.

0

D A I L Y CLOSIN G P R IC E S O P NO . 2 M IX E D CO RN .

S a l.

M on.

June delivery.................... e. 4 7 %
July d elivery............... ...o . 4 7 %
August delivery............. .0. 4 7 %
September d e liv e r y .....o . 4 8 %

46%
46%
47%
47%

T u e t.

W ed .

Thun.

F r i.

47 %
47%
4?
48%

46%
47
47%
47%

46%
46%
47%
48%

47%
47%
48%
49

I n the fo r e part o f th e w e e k th e m a r k e t f o r oats w as d e ­
p re sse d , d u e to th e b ad o u tlo o k in th e fin a n c ia l situ a tio n at
th e W e s t an d a lib e r a l cro p m o v e m e n t, b u t su b s e q u e n tly , on
a d e m a n d f r o m “ sh o rts” to c o v e r c o n tr a c ts, th e lo ss w a s
f u lly re c o v e r e d .
T o -d a y th e m a r k e t w a s a trifle str o n g e r in
s y m p a t h y w ith th e a d v a n c e in w h e a t a n d co rn .
D A I L Y CLOSING P R IC E S O P NO. 2 M IX E D O A T S.

June delivery.....................o.
July delivery.................... o.
August delivery________ o.
September delivery........o.
R y e has been
lo w e r .

in

S a l.

M on.

T u es.

W ed.

35%
35
33%
32

35
31%
33 %
31 %

35%
34%
33%
31 %

35 %
34%
33%
31 %

s lo w

dem and

and

Thun.

35 %
35%
34
31%

Fr .

36 %
35%
31%
32%

v a lu e s are w e a k a n d

FLOU R.

F in e ...................* bbl. s i 8 0 ® $ 2 10 Patent, winter.......... . $ 3 7 0 * 8 4 00
3 80 •? 3 90
1 9 5® 2 45 City mills e x tr a s ....
Superfine.....................
2 9 0 ® 3 25
Extra, No. 2 ............... 2 15® 2 60 Rye flour, superfine.
__ ® ___
2
4
0
®
Buckwheat
flour___
Extra, No. 1 ..............
29)
Clears............................ 2 6 0 ® 3 20 Corn meal—
3
2
0
®
4
01
Western,
&o............
.
2 60® 2 70
Straights....................
4 0 0 ® 4 35
Brandywine...........
2 75
Patent, spring...........
1Wheat flour In sacks sells at prices below those for barrels. ]

GRAIN.
Com , per bash.—
0.
0.
West’n m ix e d ___
4 1 © 49
Steamer No. 2 ____
46*2 ® 4 7 %
46 © 50
Western yellow ..
48 © 52
Western white___
Rye—
Western, per bush. 59 © 60
State and Jersey.. 60 © 61
®
Barley—No. 2 West’n
©
State 2-rowed........
®
State 6-rowed........
& T F o r o th er tab les u su a lly ffiven here see paste 9 6 0 .

Wheat—
Spring, ner bush. . .
Red winter N o 2 ..
Red winter.............
W h ite ........................
Oats—M ix e d ..?! bn.
W hite........................
No. 2 m ixed...........
No. 2 white.............

0.
64 ©
72^®
59 ®
61 ®
36 ®
3) a
37*4®
39*2®

0.
77
74
75
75
33%
44 *3
38*4
40 *s

THE DRY GOODS TRADE.
N e w Y o r k . Friday, P. M „ June 9 ,1 8 9 3 .
T h e m o s t p r o m in e n t fe a tu r e o f t h e w e e k h a s b een a series
o f la rg e a u c tio n sa les, in c lu d in g A le x a n d e r S m ith & S o n s ’
p e rio d ic a l sa le o f c a r p e ts, th e P h o e n ix M a n u fa c tu r in g C o .’s
p e rio d ic a l sale o f silk rib b o n s, a n d special sales o f h o s ie r y ,
g lo v e s a n d ta b le o ilc lo th s.
T h e se sales h a v e a ttr a c te d a
la r g e n u m b e r o f o u t -o f -t o w n tra d e rs to th e c it y , b u t th e
p re se n c e o f th e se has p r o v e d n o assistan ce to th e ge n e r a l
m a r k e t.
O u the o th e r h a n d , th e sales h a ve p ro b a b ly h a d the
e ffe c t o f in te r fe r in g w ith r e g u la r busin ess, as re su lts in th e
la tte r h a v e b e e n d isa p p o in tin g .
T h e in d ic a tio n s o f grea te r
in te re st b e in g ta k e n in sta p le d o m e stic s fo r f a ll tra d e
have
n o t d e v e lo p e d in to
a c tu a l
b usin ess o f s a tis fa c ­
to r y d im e n s io n s , n e ith e r sp o t tra n sa c tio n s n o r orders fo r
fu tu r e d e liv e r y b e in g m a r k e d b y a n y d egree o f sp ir it. T h e
ton e o f th e m a r k e t h a s n o t im p r o v e d a n d is , if a n y th in g , m ore
h e s ita n t th a n a w e e k a g o .
S ellers o u g h t to be n o w recip ien ts
o f g o o d orders f r o m a c o n sid e ra b le se c tio n o f th e tra d e , a n d ,
n o t g e ttin g a fa ir s h i r e o f th e m , are d is p la y in g re n e w e d im ­
p a tie n c e . B u sin e ss w ith jo b b e r s h as b e e n la r g e ly c o n fin ed to
s u m m e r c o tto n dress fa b ric s o f th e p rin te d o r d e r , o n ly a li m ­
it e d tra d e p a ssin g o u tsid e o f th ese.
R e p orts o f c o lle c tio n s
v a r y ; in s o m e in s ta n c e s less r e g u la r ity th a n a w e e k a g o is r e ­
p o r te d , in oth e rs n o m a te ria l c h a n g e . A t th e c lose o f the
w e e k a h e a v y fa ilu r e in C h a tta n o o g a has cau se d a m o re u n e a sy
f e e lin g c o n c e r n in g fin a n c ia l c o n d itio n s o f the tra d e th a n
h ith e r to n o tic e a b le .
D o m e s t i c W o o l e n s .— T h e m i r k e t fo r a ll w e ig h ts a n d d e ­
s c rip tio n s o f m e n ’s-w e a r w o o le n a n d w orsted g o o d s co n tin u e s
v e r y q u ie t so fa r as n e w or d u p lic a te orders are c o n c e rn e d .
B u y e r s are p u r su in g a n e x c e e d in g ly c a u tio u s p o lic y a n d are
e v in c in g a n in c r e a sin g ly p ro n o u n ce d d isp o sition to a v a il th e m ­
s e lv e s o f a n y p re te x t to d e fe r or c a n c e l d e liv e ries on e x is tin g
c o n tr a c ts fo r f a ll tra d e . I n fa c e o f th is, a g e n ts arfe p u ttin g o u t
m o r e lin e s o f lig h t w e ig h ts fo r n e x t sp rin g a n d are fin d in g it
v e r y d iffic u lt to in d u c e th e tra d e to ta k e a n y in te re st in th e m .
W o o l e n a n d w orsted dress g o o d s are also in b u t s lo w re q u e st,
a n d f r o m th e a n x ie t y o f a g e n ts to secu re orders it is e v id e n t
th a t th e first ro u n d o f fa ll b u sin ess has le ft a con sid e rab le
p o r tio n o f th e se a so n ’s p ro d u c tio n u n c o v e re d . C a rp e ts are
q u ie t b u t firm a n d a g o o d a v e ra g e o f prices w a s re a liz e d a t
t h e a u c tio n sale.

983

D o m e s t ic C o t t o n G o o d s . — T he e x p o rts o f c o tto n g o o d s
fro m this p ort fo r th e w e e k e n d in g J u n e 0 w ere 1 ,6 3 5
p ack ag e s, v a lu e d a t $ 1 1 2 ,0 8 4 , th e ir d e s tin a tio n b e in g to th e
points sp ecified in th e ta b le b e lo w :___________________________________
1893.
New Y ork

to

1892.

J une 6.
W eek.

12
164
15
30

S in c e J a n . 1.

W eek.

S in c e J a n . 1.

127
25
6 ,456
177
285
66
128
21
87
1,276
7

2 ,484
949
53,6 3 1
2,536
5 ,2 3 3
4 ,265
7 ,379
1 ,790
2 ,727
21,3 8 4
1,425

Great Britain............................
Other European.......................
C h in a..........................................
India............................................
Arabia..........................................
Africa..........................................
West Indies................................
Mexico.........................................
Central Amertoa......................
South Am erica........................
Other oountrlea........................

182
407
8
55
747
15

1,805
691
13,415
1,646
4 ,743
5,224
9 ,045
867
2,217
20,4 3 6
1,155

T otal.....................................
China, via Vancouver........

1,635
2 ,000

61,244
12,924

8,655

....

103,803
6,979

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

3,635

74,168

8,655

110,782

....

* From New England mill points direct.
T h e v a lu e o f th e N e w Y o r k e x p o rts s in c e J a n u a r y 1 h a v e
been $3,602^005 in 1893 a g a in s t $ 5 ,3 1 3 ,8 4 2 in 1 8 92.
B r o w n s h e e tin g s w e re q u ie t th r o u g h o u t th e w e e k , th e b u si­
n ess tra n sa c te d f a llin g sh o rt o f e x p e c ta tio n i, w h ile in
b le a c h e d s h irtin g s b u y e rs a r e m o s tly h o ld in g o ff p e n d in g the
fix in g o f n e w prices fo r le a d in g m ak e s.
W i l e s h e e tin g s are
g e n e r a lly w e ll sold u p a n d s te a d y in p rice . C o lo re d c o tto n s
also w e re q u ie t. T h e re so lu tio n o f a n u m b e r o f S o u th e rn
m ills m a n u fa c tu r in g co lo re d c o tto n s t o sh u t d o w n w i s curried
iu to e ffe c t o n T u e sd a y la st. K id -f in is h e i c a m b r ic s , silesias,
f a n c y lin in g s , corse t je a n s a n d satt<*3ns are all in m o d e ra te
d e m a n d o n ly , w ith o u t q u o ta b le c h a n g e in p rices, a3 are c o t­
ton fla n n e ls, q u ilts , ta b le d a m a s k s , & c .
T a e f a l l se a so n p rin ts
are b e in g m o re g e n e r a lly sh o v n , a n d the e a rly tra d e is b u t
m o d e ra te an d b ears e v id e n t traces o f th e in flu e n c e o f th e
slo w d e m a n d fo r p rin ts fo r s o m e t w o m o n th s past.
F in e
sp ecialties fo r c u rr e n t c o n s u m p tio n are in fa ir req u est. G in g ­
h a m s are s till s lo w w ith jo b b e r s , an d a g e o ts fin d ord ers fo r
d a r k w o rk in d iffe r e n t o n ly .
P r in t c lo th s h a v e rein lin ed
th r o u g h o u t th e w e e k a t 3 7 -1 6 c. par y a r d fo r O tx S is , c lo s in g
q u ie tly a n d b a re ly s te a d y th e re a t.
1893.
1892.
1891.
S to c k o f P r i n t C lo th s —
J u ne 3.
June 4.
June 5 .
Held by Providence manufacturers. 7 8 ,0 0 0
None.
4 1 2 ,0 0 0
Fall River manufacturers................. .
8 ,0 0 0
None.
4 2 5 ,0 0 0
Total stock (pieces)..... ............ ..

8 6 ,0 0 0

None.

867 ,0 0 0

F o r e i g n D r y G o o d s .— T he b u sin ess in th is d e p a r tm a n t h a s
p ic k e d u p s o m e w h a t, m o re ord ers b e in g rec ird e 1 fo r f a ll liaes
w h ile im p o r te rs w e re m a k in g d e liv e ries fr o m c u rr e n t im p a r ts.
T h e a u ctio n sales h a v e carrie d o ff s o m e q u a n t ity o f seaso n ab le
g o o d s w h ic h w e re v e r y s lo w se lle rs o t h e r w i s e .
Im p o r ta tio n s a n d W a r e b o u s e W U Iid r a ir a ls o f B r y G o o d s .
T h e im p o r ta tio n s a n d w are h o u se w ith d r a w a ls o f d r y g o o d s
a t th is p ort fo r th e w e e k e n d in g J u n e 8 , a n d s in c e 'J a n . 1 ,
1893, a n d fo r th e c o rr e sp o n d in g p eriod s o f la s t y e a r are as

THE CHRONICLE.

964

|Vol. LV1.
M A Y BO N D SALES.

S tate

a n d

terms

C it y

5 E fA N T M £ N T ,

s u b s c r ip t io n .

of

C o m m e r c ia l a n d F in a n c ia l C H R O N I C L E
t u n s 4 0 to 6 4 p a g e s

S ta te a n d C ity S u p p le m e n t o f C H R O N I C L E
ta in s ISO pag es p u b lish e d se v e ra l tim e s ea c h ye a r.
In v e sto r s’ S u p p le m e n t

of

C H R O N IC L E

psedia o f R a ilro a d Secu rities) c o n ta in s 1 6 0
• v e r y o th er m o n th .

con-

b lish e d e v e r y w e e k .
con­

(a C y c lo

p a g e s p u b lish e d

_____________

S u b sc rip tio n to C H R O N I C L E fo r on e y e a r $ 1 0 . 0 0 ,
w h ic h in clu d e s e v e r y issu e o f b o th S u p p l e m e n t s .

T h e p u r p o s e o f tills S ta te a n d C ity D e p a r t m e n t
is to fu rn ish ou r subscribers w ith a w e e k ly a d d itio n to a n d
c o n tin u a tio n o f th e S t a t e

Cit y Su pplem en t.

and

I n o th er

w o r d s , w ith th e n e w fa c ts w e sh a ll g iv e , th e a m p lifica tio n s
a n d corrections w e sh a ll p u b lish , a n d th e m u n ic ip a l la w s w e
sh a ll a n a ly ze in th e “ S tate a n d C ity D e p a r tm e n t,” w e e x p e c t

to

b rin g d o w n

St a t e

and

possible.
ment

w e e k ly th e

in fo r m a tio n

C i t y S u p p l e m e n t to

c o n ta in e d in t h e

P age.

R a te.

8 0 2 .Ashtabula, Ohio............
941 .Athena, Oreg..................
8 5 0 .Bloomfield, N. J ...........
8 5 0 .Bloomfield, N. J ...........
8 5 0 . Bloomfield, N. J ...........
8 5 0 .Bloomfield, N. J ...........
8 5 0 .Covington, K y ...............
8 9 6 -Cuyahoga Co., Ohio___
-----East Dubuque School
District, HI..................
8 5 0 -East Hampton Union
School District, N. Y.
9 4 1 . Great Falls School Dis­
trict No. 1, Cascade
Co., M ont.....................
8 9 7 .Hennepin Co., M in n ...
8 5 1 .Highland Co., Ohio___
8 9 7 . Hoosick F alls, N. Y . . . .
8 9 7 .Indianapolis, Tnd.........
9 4 1 .L ong Island City, N . Y .
941 .Long Island City, N. Y .
9 4 2 .New Castle Co., D e l...
852 .Nevada, M o.....................
8 5 2 . Omaha, N eb.....................
942.Pitsfield, M ass...............
8 9 8 .Portsmouth, Ohio.........
9 4 3 .Taunton, M ass...............
8 9 8 .Warren Co., Ohio..........
8 9 8 .W atertown, N. Y ...........
8 0 5 .Watertown, N. J ...........
8 5 3 . Youngstown, Ohio........
8 5 3 .Youngstown, Ohio........
9 4 4 .Youngstown, Ohio........
9 4 4 . Youngstown, Ohio........
9 4 4 . Youngstown, Ohio........

M a t u r it y .

6s
6s
5s
5s
5s
5s
5s
5s

h e a d o f ea c h ite m

A w a rd *

$ 2 7 ,9 0 0
12,0 0 0
3 8 ,0 0 0
5 ,000
5 ,000
2,000
148,219
160,000

105*416
97
100*75
104
103
102*5
100
10107

6s

1898-1903

10,000

101

4s

1 894-1916

1 1 ,5 0 0

100

6s
July 1, 1913
4^8
M ay 1, 1923
5s
1894-1908
4s
1894-1911
4*28 July 1, 1923
4 ^ 3 April 1, 1903
5s
5s
1894-1909
1913
5s
5s
1 8 94-1903
4s
1894-1918
4*28 July 1, 1918
June 1 ,1 9 0 3
4s
5s
1893-1897
1 905-1914
33gs
33qS
6s
1894-1898
1894-1896
6s
5s
1 895-1917
6s
1 894-1900
1 8 94-1903
6s

80,0 0 0
500 ,0 0 0
35,0 0 0
45,0 0 0
621,000
50,0 0 0

1 0 3-213
100
103-093
100
100
103-27
109*28
160,000 101*4
17,000 100-1
77,7 0 0 102*227
2 50,000 100-512
3 5 ,0 0 0 100
15,000 100*75
10,000 101*51
40.0 0 0 100
40,000 100
2,250 103-170
900 102-32
25,000 101*027
24,000 102*708
10,0 0 0 102-5

as n ear th e c u rren t d ate as

a t th e

A m o u n t.

1894-1903
July 1 ,1 9 1 3
1894 1909
1912-1913
1910-1911
Nov. 1, 1902
1894-1903
1898-1903

T o ta l.............................................................................. $ 2 ,4 5 7 ,4 6 9
Aggregate of sales for which no price is reported
1,3 2 1 ,5 0 0
(from 10 municipalities).
$ 3 ,7 7 8 ,9 6 9

Total sales for M ay___

H e n c e if e v e r y S u b scrib e r w ill n o te in h is S u p p l e ­

o n th e p a g e d esig n ated

L o ca tio n .

a

in th e C h r o n ic l e c a n

A u s t i n , T e x .— T h e C o m m o n C o u n c il a n d th e B o a r d o f P u b ­

be fo u n d , h e w ill a t a ll tim e s possess a c o m p le te a n d fre sh

lic W o r k s o f A u s t in h a v e a d o p te d re so lu tio n s d e c la r in g fa lse

cyclopaedia o f in fo rm a tio n re sp e c tin g M u n ic ip a l D e b ts.

th e p u b lish ed s ta te m e n t th a t A u s t in

referen ce to th e p a g e w h e re th e it e m

dam

b o n d s n o w in the

N a tio n a l C it y B a n k o f N e w Y o r k are h y p o th e c a te d .
T a c o m a , W a s h .— (S t a t e

R E V IE W OF M UNICIPAL BOND SALES IN
MAY.
The total amount of new State and city securities
reported to the Chronicle as issued and sold in the
month of May was less than that which has been re­
ported during any other month of this year. In May,
1892, we reported sales to the amount of $7,856,860,
while the total for last month was but $3,778,969.
The number of loans of this class which have been
offered for sale and have found no bidders has been
unusually large. In many instances, too, the cities
which have been disappointed in their attempt to bor­
row have been amoDg the number of those best known
in the financial markets and accustomed heretofore to
receive good prices for their bonds. Buffalo, for in­
stance, advertised $75,000 of 3| per cent 20-vear
refunding bonds and failed to receive a single
bid, whereas last year the city had no difficulty
in disposing of similar securities at
prices
ranging from 102£ to 104J. This state of affairs is not
surprising, however, when we take into consideration
the continued depression in all the financial markets,
but it indicates that unless a decided change takes
place many of our cities will be obliged to pay a higher
rate of interest on their borrowed money in the future.
As we have said before, it is generally admitted that
the foreign demand for American securities has been
very perceptibly checked by the present silver situa­
tion in this country, and this fact has undoubtedly
had its effect on the market for our municipal securi­
ties.
In the table below we give the prices which were paid
for May loans to the amount of $2,457,469, issued by
twenty-four municipalities, the aggregate of sales for
which no price was reported being $1,321,500, and the
total sales for the month $3,778,969. In the case of
each ^oan a reference is made to the page of the
Chronicle where a full account of the sale in question
will be found.

C i t y S u p p l e m e n t , p a g e 1 4 9 .)

and

— I t is a n n o u n c e d th a t th e en tire issu e o f $ 2 ,1 5 0 ,0 0 0 o f 5 p e r
cent

t w e n t y -y e a r g o ld b o n d s

fo r w a te r

and

lig h t

pu rposes,

b id s fo r w h ic h w e r e o p e n e d J u n e 1 [see C h r o n i c l e o f M a y 1 3 ],
w a s a w a r d e d a t p ar a n d in te re st to M r. C h a rle s B . W r i g h t o f
P h ila d e lp h ia , fr o m w h o m th e w a te r w o rk s and e le c tr ic -lig h t
p la n t w e re r e c e n tly p u r ch a se d .
A n issu e o f $ 5 0 6 ,0 0 0 s e w e r b o n d s w a s a u th o rize d , as p re v i­
o u sly sta te d in th is D e p a r t m e n t, a t a n e le c tio n h e ld M a y 9 t h ,
th e p ro p o sitio n b e in g c arried b y a m a jo r it y o f th r e e -fifth s o f th e
v o te s c a st.

T h e se

b o n d s w ill

be d ated

J u ly 1 , 1 8 93, p a y a b le

in tw e n ty y e a r s , w ill b e f o r $ 1 ,0 0 0 e a c h a n d
in te r e s t, p a y a b le s e m i-a n n u a lly .

No

b id s

b ear 5 p er c e n t

fo r

th is

lo a n h a d

b e e n a sk e d f o r as la te as M a y 2 9 th .
M r. S a m u e l C . S la u g h te r , C ity
n is h e d th e C h r o n i c l e w it h

th e

C o n tr o lle r ,

fa c ts c ite d

w ho

has

fu r­

a b o v e re s p e c tin g

th e s e w e r b o n d s se n d s also th e fo llo w i n g d a ta a s to th e c it y ’s
d e b t: “ The
5 5 ,0 0 0

e s tim a te d

p o p u la tio n

of

Tacom a

f o r 1893

is

; assessed v a lu a tio n fo r 1892, $ 4 3 ,0 7 4 ,1 4 7 , th is b e in g th e

la s t a s se ssm e n t.
§ 5 5 0 ,0 0 0 .

The

o u ts ta n d in g b o n d e d in d e b te d n e ss is

U n d e r o u r c ity c h a r te r w e c a n b o n d to o p er c e n t o f

th e asse sse d v a lu a tio n fo r th e sole p u rp o se o f b u y in g or b u ild ­
in g w a te r w o r k s , lig h t p la n ts a n d s e w e rs.

F o r s tr ic tly m u n i­

c ip a l p urp oses w e c a n b o r r o w 5 p er c e n t o f t h e assessed

v a lu ­

a tio n , b u t o n ly w ith th e asse n t o f th r e e -fifth s o f th e vo te rs. W e
can b orrow

p er c e n t o f th e assessed

th e a sse n t o f th e v o te rs .

T h is

we

have

v a lu a tio n w ith o u t

n o t d o n e y e t to it s

li m i t a t i o n .”

B o n d P r o p o s a ls a n d N e g o t ia t io n s .—W e have re­
ce ive d th r o u g h
re c e n tly

th e

w eek

th e

fo llo w in g

n o tice s

of

bonds

n e g o tia te d a n d b o n d s, o ffe re d a n d to b e o ffe re d fo r

sale.
A d r i a n , M i u n .— C ity R e co rd e r C . A . S a n d s w rite s th e
C h r o n i c l e th a t it is p ro p osed to issu e w a te r w o rk s a n d e lec­
tr ic -lig h t b o n d s to th e a m o u n t o f $ 1 3 ,0 0 0 , b u t th a t th e d a te o f
sale h a s n o t as y e t been s e t
T h e c it y ’s to ta l d e b t o n J u n e 1 ,
1S93, w a s $ 7 ,0 0 0 ; its assessed v a lu a tio n in 1892, $ 1 2 5 ,0 0 0 , a n d
its to ta l t a x ra te (per $ 1 ,0 0 0 ) $ 23.
A l l e g h e n y , P a .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 6 5 .) —
I t is re p o rte d th a t stre e t im p r o v e m e n t b o n d s o f this c ity t o
the a m o u n t o f $ 6 0 0 ,0 0 0 h a v e been a u th o riz e d , a n d also th a t
th e p ro p osition o f is s u in g $ 3 0 0 ,0 0 0 o f s e w e r b o n d s is b e in g
c o n sid e re d .
A r e a t a , C a l.— T h e re is a c u rr e n t rep o rt to th e e ffe c t th a t
b o n d s o f th is to w n h a ve been v o ted fo r th e p u rp ose o f fu r n is h ­
in g a h ig h sc h o o l. T o w n C le r k W . A . S im m o n s w rites us t h a t
th e to w n d id n o t vote on b o n d s, b u t o n a d ir e ct ta x .
A t t le b o r o u g h , M a s s .— (S t a t e a n d C i t y S u p p l e m e n t , p ag e
2 0.)— J o h n T , B a te s , T o w n T re asu re r, n o tifie s th e C h r o n i c l e

THE CHRONICLE.

J une 10,1898.]

th a t b id s w ill b e re c e iv ed u n til J u n e 24 fo r th e p u r c h a se o f
$ 3 5 ,0 0 0 o f w a te r su p p ly b o n d s o f this to w n , r e c e n tly v o t e d ,
a n d th a t s a m e w ill be sold o n J u ly 1 , 1893. T h e lo a n w ill
b e a r in te re st a t th e ra te o f 4 p er c e n t per a n n u m , p a y a b le
s e m i-a n n u a lly , a n d w ill m a tu re J u ly 1, 1928.
A u b u r n , N . Y . — (S t a t e a n d C i t y S u p p l e m e n t , p a g e 4 4 .) —
W e n o te d in th e C h r o n i c l e o f la st w e e k th a t th e C o m m o n
C o u n c il o f th is c it y w o u ld sell a t p u b lic a u c tio n o n J u n e 27
w a te r b o n d s to th e a m o u n t o f $ 3 1 3 ,0 0 0 . T h is lo a n w ill b e a r
per c e n t in te re st in ste a d o f 3 p er c e n t a n d w ill m a tu r e a t
th e rate o f $ 2 5 ,0 0 0 y e a r ly , c o m m e n c in g th irty y e a rs fr o m the
d ate o f issu e, in ste a d o f $ 2 ,0 0 0 y e a r ly as h e re to fo re stated . In t e r ­
e st o n th e b on d s w ill be p a y a b le s e m i-a n n u a lly on J u n e 27 a n d
D e c e m b e r 27 o f ea c h y e a r.
T h e c ity w ill b u y th e p la n t o f the
A u b u r n W a t e r w o r k s C o m p a n y fo r $ 4 2 5 ,0 0 0 , p a y in g $3 1 3 ,0 0 0
o n J u ly 15, 1893, a n d a g r e e in g to a ssu m e $ 1 1 2 ,0 0 0 o f 5 per
c e n t b on d s a g a in st th e W a te r w o r k s C o m p a n y , w h ic h are p a y ­
a b le J u ly 15, 1895, a t w h ic h tim e $1 1 2 ,0 0 0 m o re w a te r b o n d s
o f th e c it y o f A u b u r n w ill b e issu ed to ta k e th e m u p . T h e
p re se n t b o n d e d d e b t o f th e c ity is $ 4 4 6 ,0 0 0 , w h ic h , w ith th e
w a te r b o n d s to b e issu ed , w ill m a k e a to ta l o f $ 8 7 1 ,0 0 ).
A z u s a , C a l i f .— T h e p e op le o f th is pla ce h a v e v o te d in f a v o r
o f issu in g nonds to th e a m o u n t o f $ 8 0 ,0 0 0 fo r the p u r p o se o f
im p r o v in g th e ir rig a tio n s y ste m .
B u f f a lo , W y . — T h e c itize n s o f B u ffa lo h a v e v o te d in fa v o r
o f issu in g $ 4 0 ,0 0 0 o f b on d s fo r w a te r w o r k s p u r p o se s.
C h a r le r o i , P a .— T h e c itize n s o f th is p la ce w ill vo te s h o r tly
o n issu in g p a v in g b o n d s to th e a m o u n t o f $ 2 5 ,0 0 0 , se w e r
b o n d s to th e a m o u n t o f $ 1 0 ,0 0 0 , w a te r b on d s to th e a m o u n t
o f $ 5 ,0 0 0 a n d e le c tr ic -lig h t b on d s to th e a m o u n t o f $ 2 ,5 0 0 .
C h ic a g o , 111.— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 9 2 .)—
C it y C o m p tr o lle r O . D . W e t h e r e ll re p o rts th a t n o b id s w e re
r e c e iv e d fo r th e $ 5 0 0 ,0 0 0 o f c it y o f C h ic a g o r e fu n d in g riv e r
im p r o v e m e n t b o n d s offe re d fo r sale o n J u n e 1 . T h e b o n d s
are d a te d J u ly 1 , 1 8 93, w ill b ear in te re st a t th e r a te o f 4 per­
c e n t p er a n n u m , p a y a b le s e m i-a n n u a lly in J a n u a r y an d J u ly
o f e a c h y e a r , a n d w ill m a tu re J u ly 1, 1913.
In te r e st an d
p r in c ip a l w ill be p a y a b le a t th e A m e r ic a n E x c h a n g e N a tio n a l
B a n k , N e w Y o r k C ity .

C o lo r a d o S p r i n g s , C o l.— (S t a t e a n d C i t y S u p p l e m e n t ,
p a g e 1 3 6 .)— C ity C lerk C h arles E . S m ith w rite s th e C h r o n ic l e
th a t o n ly tw o bids w ere re c e iv ed fo r th e $ 8 2 ,0 0 0 o f r e fu n d in g
w a te r bond s an d $35 ,0 0 0 o f w a te r-w o rk s bon d s offe re d fo r sale
o n M a y 29, a n d n eith e r o f these b e in g s a tis fa c to ry the C o u n c il
to o k n o a c tio n in re g a rd to th e s a m e o th e r th a n to d e fe r
th e m a tte r u n til M a y 31.
T h e r e fu n d in g b o n d s b e a r in terest
a t the ra te o f 4 per c e n t a n d m a tu re in 50 y e a r s , w ith a n op ­
tion o f ca ll a fte r 4 0 y e a r s , a n d th e w a te r -w o r k s b m d s b ear
in terest a t the rate o f 5 per c e n t a n d m a tu re in 15 y e a rs, w ith
a n o p tion o f ca ll a fte r 10 y e a rs.
D e t r o it , M ic h .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 9 8 .)—
B id s w ill b e re c e iv e d u n t il J u n e 13 b y P a tr ic k B a r r y , D e p u ty
an d A c t in g C o m p tr o lle r , fo r th e p u rch a se o f $ 6 0 0 ,0 0 0 o f
p u b lic lig h tin g b on d s.
T h e lo an w ill be d a te d A u g u s t 15,
1893, w ill bear in te re st a t th e ra te o f 4 per c e n t per a n n u m ,
p a y a b le s e m i-a n n u a lly in F e b r u a r y a n d A u g u s t o f e a c h y e a r ,
a n d w ill m a tu re A u g u s t 15, 1923. In te r e s t an d p rin cip al w ill
be p a y a b le in N e w Y o r k C ity .
D u l u t h , M iu n .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 1 0 5 .)—
B o n d s to th e a m o u n t o f $ 8 0 0 ,0 0 0 f o r c it y w a te r w o rk s h a v e
b e e n f a v o r a b ly re p o rte d u p o n b y th e c o m m itte e .
E a s t e h e s t e r U n i o n F r e e S c h o o l D i s t r i c t N o . 2 , N . Y .—
R . G . B e n n e tt, S e c re ta r y o f th e B o a r d o f E d u c a tio n o f th is
d istrict, w rites th e C h r o n i c l e th a t th e $ 5 ,0 0 0 o f 5 p er c e n t
c o u p o n bond s offe re d fo r sale o n J u n e 7 w ere a w a r d e d to t lie
P e o p le ’s S a v in g s B a n k o f Y o n k e r s , N . Y . , a t 1 04-41.
F o l­
lo w in g is a lis t o f th e b id s r e c e iv e d :
B id .

People’ s Savings Bank of Y on k e rs......................................... 104-41
Daniel Moran & C o ........................................................................ 103 05
Hord, Street & Co............................................................................ 101-60
In te r e st o n th e lo an w ill be p a id s e m i-a n n u a lly on J a n u a r y
1 an d J u ly 1 o f ea c h y e a r , a n d th e b o n d s w ill m a tu r e a t th e
ra te o f $50 0 y e a r ly f r o m J u ly 1 , 1 8 9 5 , to J u ly 1 , 1904.
E a s t D u b u q u e S c h o o l D i s t r i c t N o , 1 ., H I . — H . P . C a v e r ly ,
S e c re ta r y o f th e B o a rd o f E d u c a tio n o f this d is tric t, w rite s u s

N E W LOANS.

$ 3 8 0 ,0 0 0
City of San Diego, Cal.,

$ 7 5 ,0 0 0

FUNDING BO N D S.
O f f ic e o f t h e Ci t y T r e a s u r e r
)
o f t h e Ci t y o f Sa n D ie g o , Ca l . >

I , T . J . D o w e ll , C ity T r e a s u r e r o f t h e C it y o f Sa n
D ie g o , h e r e b y g iv e n o t i c e t h a t 1 w ill r e c e iv e s e a le d
p r o p o s a ls a t t h e o ff ic e o f t h e C it y T r e a s u r e r o f t h e
C it y o f S a n D ie g o , C a lifo r n ia , u p t o a n d in c lu d in g
W e d n e s d a y , t h e 5 t h d a y o f J u ly , 1893, a t 4 o ’c l o c k
P . M . o f s a id d a y , f o r t h e p u r c h a s e o r e x c h a n g e o f
$380,000 o f t w e n t y - y e a r fu n d in g b o n d s o f s a id c it y ,
b e in g b o n d s N o s . 1 t o 760, b o t h in c lu s iv e , a n d e a c h
f o r t h e su m o f $500, d a t e d J a n u a r y 1 ,1 8 9 3 . a n d b e a r ­
in g in t e r e s t a t t h e r a t e o f f o u r a n d o n e - h a l f p e r c e n t
p e r a n n u m , p a y a b le a n n u a lly a t t h e o ffic e o f t h e C ity
T rea su rer.
A l l p r o p o s a ls f o r t h e p u r c h a s e o r e x c h a n g e o f sa id
b o n d s w ill b e o p e n e d a t t h e o ffic e o f s a id C it y T r e a s ­
u r e r o n t h e 5 th d a y o f J u ly , 1893, a t 4:30 o ’c l o c k P . M .
o f s a id d a y , a n d n o p r o p o s a l w ill b e a c c e p t e d , e it h e r
f o r t h e p u r c h a s e o r e x c h a n g e o f sa id b o n d s , f o r a
le s s su m t h a n t h e f a c e v a lu e o f s a id b o n d s a n d t h e
a c c r u e d in t e r e s t t h e r e o n . B id s c a n b e s u b m it t e d f o r
a n y a m o u n t o f s a id b o n d s t o s u it p u r c h a s e r . A n y
p r o p o s a l a n d b id f o r t h e p u r c h a s e o r e x c h a n g e o f
sa id b o n d s a c c e p t e d b y m e a s s u c h T r e a s u r e r s h a ll
b e s u b j e c t t o t h e a p p r o v a l o f t h e C o m m o n < o u n c il o f
t h e C it y o f S a n D ie g o , w h o r e s e r v e t h e r ig h t t o r e j e c t
a n y a n d a ll p r o p o s a l s a n d b id s f o r t h e p u r c h a s e o r
e x c h a n g e o f s a id b o n d s .
T. J. D O W E L L ,
C ity T r e a s u r e r o f t h e C ity o f S a n D ie g o , C a l.
M A Y 5 ,1 8 9 3 .

City of Waco, Texas,
GOLD 5s.
a n d

p r in c ip a l

F a ll

F iv e r ,

W a te r

L oan.

NEW

M a ss .

P r o p o s a ls w ill b e r e c e iv e d u n t il T h u r s d a y , J u n e 15,
1893, a t n o o n , f o r t h e w h o le o r p a r t o f a W a t e r L o a n
o f $75,000 a u t h o r iz e d b y C h a p t e r 220, A c t s o f t h e
L e g is la t u r e f o r 1893.
T h e lo a n w ill b e is s u e d in. t h e f o r m o f r e g i s t e r e d
b o n d s o f t h e d e n o m in a t io n o f $l,GO0 e a c h o r a n y
m u lt ip le t h e r e o f , b e a r in g I n t e r e s t a t t h e r a t e o f 4
p e r c e n t p e r a n n u m . W i l l b e d a t e d J u n e 1 ,1 8 9 3 , a n d
p a y a b le in T H I R T Y Y E A R S .
S e c u r e d b y s in k in g fu n d s .
I n t e r e s t w ill b e p a y a b le s e m i-a n n u a lly , J u n e 1 st
a n d D e c e m b e r 1 st. C h e c k s f o r in t e r e s t w h e n d u e
w ill b e f o r w a r d e d t o p a r t ie s h o l d in g t h e b o n d s . T h e
lo a n w ill h e s o ld s u b j e c t t o a c c r u e d in t e r e s t f r o m
J u n e 1st, a n d t h e r i g h t is r e s e r v e d t o r e j e c t a n y o r
a ll b id s .
P r o p o s a l s s h o u ld b e e n d o r s e d “ P r o p o s a l s f o r
W a t e r L o a n , ” a n d a d d r e s s e d t o t h e C it y T r e a s u r e r .
C H A S. P . B R IG H T M A N ,
T r e a s . C ity o f F a ll R i v e r , M a ss .

$ 6 2 1 ,0 0 0

in

G O L D C O IN ,

M. W . Harris & Co.,
15

W ALL

STREET,

NEW

YORK

O w n am i offer lo r s a le In am ounts to suit*
Bonds ol C ities ol
B o sto n ,
C h ic a g o ,
O m aha,
M i n n e a p o li s ,
D u lu th ,
N e w p o r t , K y .,
H a v e r h i l l , M a s s .,
S t. L o u is,
M i lw a u k e e ,
L in c o ln ,
K a n sa s C ity ,
L o s A n g e le s ,

4 V 2 per cent
30 YEAR

p a y a b l e

LOANS.

BANKERS,

C IT Y OF IN D IA N A P O L IS , IN D IA N A ,

$ 1 0 0 ,0 0 0

IN T E R E S T

of

'

C le v e la n d , O h i o .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 7 9 .)
— I t is re p o rte d th a t th e fire d e p a r tm e n t o f C le v e la n d h a s
b een a u th o r iz e d to issu e $ 2 4 7 ,0 0 0 o f b on d s.

N E W LOANS.

C it y

985

R E F U N D IN G

L a w r e n c e , M a s s .,
O gden, U ta h ,
N ew W h a tc o m , W a sh .

BONDS.

P r ic e a n d p a r tic u la r s o n
a p p lic a tio n .

S E N D F O R N E W IN V E S T M E N T L IS T G IV IN G
D E T A IL E D
STATEM EN TS OF TH ESE
AND
O T H E R H I G H -G R A D E S E C U R IT IE S .

Price and P a r tic u la rs on A p p licatio n ;
W R IT E F O R M A R C H L IS T O F IN V E S T M E N T S .

FARSON, LEACH & CO.
C H IC A G O ,

NEW YO R K ,

1 1 5 D earborn S t.

2 W a l l S t.

Coffin & Stanton,
72 B ro a d w a y ,

-

N ew Y o rk .

Edward Morton & Co.,
53 Broadway, N ew Y ork.

W . J. Hayes & Sons,
BANKERS,

D e a le rs in M U N IC IP A L B O N D S .
S t r e e t R a il w a y B o n d s a n d o t h e r h ig h g r a d e in ­
v estm en ts.

3 1 1 - 3 1 3 S u p erior S t . ^
7 E xchange P la ce ,

lsost on.

] 0 W a ll S tre e t,
N ew Y ork ,

C a b le A d d r e s s . •*K E N N E T H . ”

S p e c ia lt ie s :
M C K IC iP A l,
S T K E E T R A IL W A Y BONDS
and
B A N K STOCKS.

GOLD

BONDS.

P r o v id e n c e , I I . I . ,
.
.
.
.
4s
S t. L o u i s , m o . ,
•
•
•
•
• 4s
D u lu t h , M in n .,
.
.
•
•
. 4*38
G re a t F a lls , M o i l .,
•
•
•
.6 s
S a n t a B a r b a r a , C a l ., •
.
.
.
os
C l a l l a m C o ., W a s h . ,
.
•
•
• 6s
S a lt L a k e C ity S tr e e t R y . ,
.
.
6s
M e t r o p o l i t a n S tr e e t B y . , D e n v e r ,
6s
T he above

a re

p a y a b t e ^ r l n c i p a l a n d I n t e r e s t In

W r i t e f o r f u l l d e s c r i p t i o n a n d p r ic e t o

AUGUSTUS

F L O Y D , E. H .

IN V E S T M E N T S E C U R IT IE S ,
32 P IN E S T K E E T ,
NEW YORK.

Rollins & Sons,

N ew Y o r k C ity,
3 5 W a l l S treet.

B o sto n , D la«s.,
E xch a n ge B u ild in g.

THE CHRONICLE.

936

[V ol. LYI.

H a s t i n g s , N e b .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 1 2 2 .)
— I t h a s b een re p o rted th a t b o n d s o f this c it y to th e a m o u n t o f
$ 6 0 ,0 0 0 w ere v o te d to a id in b u ild in g a p o w e r c a n a l.
U pon
in q u ir y c o n c e r n in g s a m e , M r. G . J . E v a n s , C i t y T re a su re r,
w rite s th e C h r o n i c l e th a t n o s u c h b o n d s h a v e b e e n v o te d .
I f th e b u ild in g o f tn e c a n a l is u n d e r ta k e n it w ill p r o b a b ly be
d o n e e n tir e ly b y a s to c k c o m p a n y .

th a t $10,000 o f b o n d s w e re sold o n M a y 2 7 to N . W . H a r r is &
C o. o f C h ic a g o , a t $101 a n d a c c ru e d in te re st. T h e b on d s
bear in terest a t th e ra te o f 6 p e r c e n t p er a n n u m , p a y a b le a n ­
n u a lly , a n d m a tu re $ 5 ,0 0 0 o n J u n e 1 ,1 8 9 8 , a n d $ 5 ,0 0 0 o n J u n e
1 , 1903’. P rin c ip a l an d in te re st are p a y a b le at th e office of
the T o w n sh ip T reasu rer, E a st D u b u q u e . T h e d istric t h a s n o
other in d eb ted n ess, a n d its a ssessed v a lu a tio n in 1892 w as
$300,000.
F a l l R i v e r , M a s s — (S t a t e

and

Cit y

H i g g i n s v i l l e , M o .— T h e p e o p le o f H ig g in s v ille h a v e v o te d
b o n d s to th e a m o u n t o f $ 1 7 ,0 0 0 fo r e le c tr ic -lig h t a n d w a te r
w o r k s p u rp oses.

S u p p l e m e n t , page

2 4 .)— C h as. P . B r ig h t m a n , C ity T re a su r e r, w i l l re c e iv e

bids

u n til J u n e 15 fo r th e p u rch a se o f w a te r b o n d s to th e a m o u n t
o f $75,000.

T h e lo a n w ill b e a r in te re st

H o u s t o n , T e x .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 1 7 8 .)—
B o n d s o f th is c ity h a v e b een p ro p o se d fo r th e p u rp o se o f
b u ild in g w a te r w o r k s .

a t th e ra te o f 4 per

c e n t per a n n u m , p a y a b le s e m i-a n n u a lly on J u n e 1 a n d D e c e m ­
b e r 1 c f each y e a r , an d w ill m a tu r e J u n e 1 ,1 9 2 3 .

F o r fu r th e r

L o g a n C o u n t y ,'O h i o .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e
8 2 .)— C h ristie W i l l i a m s , C o u n ty A u d i t o r , w ill re c e iv e p ro p o s­
als u n t il J u n e 30 fo r th e p u r ch a se o f $ 4 5 ,0 0 0 o f c o u n ty d itc h
bon d s.
T h e b o n d s w ill be d a te d J u n e 3 , 1 8 9 3 , a n d w ill b ear
in te re s t a t th e ra te o f 6 p er c e n t p er a n n u m , p a y a b le s e m i­
a n n u a lly f r o m J u ly 1 , 1893.
P r in c ip a l a n d in te re st w ill b e
p a y a b le a t th e C o u n ty T re a su r e r’s offic e , a n d th e lo a n w ill
m a tu r e a t th e ra te o f $ 4 ,5 0 0 s e m i-a n n u a lly f r o m J a n u a r y 1 ,
1 8 91, to J u ly 1 , 1898.

'p a r tic u la r s s e e a d v e r t is e m e n t e ls e w h e r e i n th is D e p a r tm e n t.

F a r m i n g t o n , C o n n .— M r. T h o s. L . P orte r, T o w n C le r k , n o ti­
fies th e C h r o n i c l e th a t b o n d s to th e a m o u n t o f $ 1 0 ,0 0 0 w ill
be issu ed fo r th e pu rpose o f b u ild in g a n e w se w e r, b u t that
a ll o f s a m e w ill b e ta k e n b y a p riv a te c itize n o f th e to w n .
H e also sta te s th a t a ll b o n d s h e re to fo re issu ed w e r e ta k e n b y
th e S a v in g s B a n k .
F a r R o e k a v ra y , N . Y .— A n e le c tio n w h ic h to o k p la c e in
F a r R o c k a w a y on M a y 31 to v o te o n issu in g b o n d s f o r sch oo l
a n d fire e n gin e purposes re su lte d in fa v o r o f the p ro p o sitio n .
I t is rep orted th a t th e b on d s w ill be issu e d im m e d ia te ly .

L o n g I s l a n d C it y , N . Y .— (S t a t e a n d C i t y S u p p l e m e n t ,
p a g e 4 9 .) — B o n d s o f th is c ity to th e a m o u n t o f $ 1 ,0 0 0 ,0 0 0 f o r
stre e t im p r o v e m e n t s h a v e b e e n a u th o rize d .
M a d is o n , W i s . — (S t a t e a n d C i t y S u p p l e m e n t , p a g e 1 0 2 .)—
B id s w ere to be re c e iv e d b y O . S . N o r s m a n , C ity C le r k , u n t il
J u n e 9 fo r th e p u rch a se o f $ 1 5 ,0 0 0 o f s tre e t im p r o v e m e n t a n d
$ 1 0 ,0 0 0 o f w a te r -w o r k s e x te n s io n b o n d s. B o t h issu es b ear
in te re st a t th e ra te o f 4 % p er c e n t, p a y a b le a n n u a lly o n J a n ­
u a r y 1 , a n d m a tu re J u ly 1, 1 9 13, w ith a n o p tio n o f c a ll a fte r
J u ly 1 . 1903.
P r in c ip a l a n d in te re st w ill be p a y a b le a t th e
F ir s t N a tio n a l B a n k o f M a d is o n .

F o r t P l a i n , N . Y .— B id s w ill be re c e iv e d u n t il J u n e 15 b y
th e se w e r c o m m issio n e rs o f F o r t P la in fo r th e p u r c h a se o f
$ 2 0 ,0 0 0 o f 4 p er c e n t se w e r b on d s.
C a r f ie ld , W a s h .— A n e le c tio n h e ld in G a r fie ld re c e n tly
re su lte d in fa v o r o f issu in g e le c tr ic -lig h t b o n d s to th e a m o u n t
o f $8,0 0 0 .
G r e a t B a r r i n g t o n , M a s s .— B o n d s o f th is p la c e to the
a m o u n t o f $ 2 0 ,0 0 0 h a v e b e e n a u th o riz e d fo r th e p u rpose of
e x te n d in g th e w a te r w o r k s.

NEW

LOANS

INVESTMENT BONDS
FOR

SALE.

M a n c h e s te r , N . H .— (S t a t e a n d C i t y S u p p l e m e n t , p a g e
1 4 .)— B id s w ill b e re c e iv e d b y M a y o r E . J . K n o w lt o n u n t il

N E W LOANS.

M IS C E L LA N E O U S .

C H O IC E IN VESTM EN TS

THE

in

Lewis Investment Co.,

Street Railroad and
Municipal Bonds.

D B S M O IN E S , I O W A .
C A P IT A L P A I D U P ,

-

fl5 0 ,0 0 0 .

Choice Investm ents in the moat C o n se rv a ­

P R IC E S T O S U IT T H E T IM E S .

tive F ie ld in the W e s t*

L I S T S ON A P P L IC A T IO N ,
C o n r e s p o n d e n c e in v it e d .

m em b ers o f the N e w

Y ork

and

Boston

Stock E xchanges.

Lamprecht Bros. & Co.,
45 W A L L

D E A L E R S IN

C O M M E R C IA L PAPER.

F ifte e n Y e a r s ’ Successful E xp erien ce.

S T ., N E W Y O R K .

CLEVELAND.

$ 2 0 0 ,0 0 0

28 ST A T E S T R E E T , BOSTON.

S NASSAU

OP

O ran ge

t h e

B e lt

C anal

STREET, N EW Y O R K .

&

C o .,

Earning capacity of Company $350,000 per
annum.

F IS H E R

&

SH AW ,

BANKERS,

P R IC E

F U R N IS H E D

U P O N A P P L IC A T IO N TO

Le R o y Davidson,
(M I L L S B U I L D I N G ),

Member. Baltimore Stack Exchange,
B A L T IM O R E , M D .

35 W A L L

STREET, N EW YO R K .

$ 5 0 0 ,0 0 0
Staten Island Railway C o . 1st
M ort. 4 1-2 per ce n t G old
BON D S.

H ackett & H off,
BEAL

E S T A T E A N D IN Y E S T M E N

9 6 M le h ^ a n

S t ., M i l w a u k e e , W i

SSS
o n L n p r o T e d M ilw a u k e e
“ Sta te, Deanna: s ix a n d s e v e n p e r c e n t in t*
e

fectinS

? ° ®har^

to the investor for

GEO. H. LEWIS,

A c t ’g S e c r e t a r y .

P r e s id e n t .

FAIRHAVEN,
F U T U R E M E T R O P O L IS O F P U G E T

SOUND

d e s t in e d t o b e t h e g r e a t M a n u fa c t u r in g a n d C o m ­
m e r c ia l C e n t e r b e c a u s e i t h aa

T h e s e b o n d s a r e a first m o r t g a g e o n o v e r f o u r
m il li o n d o lla r s w o r t h o f p r o p e r t y .

AND

W. A. HOTCHKI88,

B E L L IN G H A M B A Y ,

Land

P H O E N IX , A R IZ O N A .

M A P, PRO SPECTUS

Send for P am p h let.

BOSTON.

7 Per C en t 10-Year Gold Bonds

Blake Brothers & Co.,

Q iy
p r n
A C | | T G u a r a n t e e d F ir s t M o r t O lA
I C ll
U C I v I g a g e s o n im p r o v e d la n d *
in I o w a a n d E a s t e r n N e b r a s k a . S a fe a n d D e e lr a b le

D U E J U N E 1 S T , 1843.
t P r in c ip a l a n d in t e r e s t g u a r a n t e e d b y t h e S t a te n
I s la n d R a p id T r a n s it C o.
D iv id e n d s o f 26 2-3 p e r c e n t p e r a n n u m h a v e b e e n
p a id on t h e c a p it a l s t o c k o f t h e i-t a t e n I s la n d K y . C o .
s in c e 1884.
P r i c e a n d s p e c ia l c i r c u la r m a ile d u p o n a p p lic a t io n .

C. H. W H IT E & CO.,
BANKERS,
72 B R O A D W A Y , N E W Y O R K .

T h e L a r g e s t a n d 8 a f e s t H a r b o r o n t h e P a c ifi c C o a s t,
T h e G re a te s t A r e a o f a d ja c e n t A g r ic u ltu r a l L a n d .
T h e m o s t M a g n ific e n t F o r e s t s o f T im b e r i n t h e w o r l d
T h e fin e s t N a t u r a l T o w n S it e a n d W a t e r F r o n t
I m m e n s e V e i n s o f t h e B e s t C o a l in t h e W e s t w h ic h
p r o d u c e s a c o k e e q u a l t o P e n n s y lv a n ia . I r o n , S ilv e r le a d , G o ld a n d o t h e r o r e s . E x t e n s i v e Q u a r r ie s o f
F r e e S a n d s t o n e f o r b u ild in g p u r p o s e s . V a lu a b le in ­
fo r m a tio n ca n b e h a d o f

T H E F A IR H A V E N LA N D C O M P A N Y ,
F A IR H A V E N ,

WASHINGTON.
M U N ICIPAL SECU RITIES
OF

P IT T S B U R G

AND

V IC IN IT Y

D e a lt in by

Jas. Carothers,
9 0 F O U R T H A V E ., P I T T S B U R G , P A .

A. Strassburger,
STOCKS

A BONDS B R O K E R .

8 0 U T H E R N IN V E S T M E N T S E C U R IT IE S .

M on tg om ery, Ala.

THE CHRONICLE.

J unk 10, 180S.J

J u ly 13 fo r th e p u rch a se o f $ 1 0 0 ,0 0 0 o f w a te r loan b on d s. T h e
b o n d s w ill be d a te d A u g u s t 1 , 1 8 9 3 , w ill b e a r in te re st a t th e
ra te o f 4 p er c e n t per a n n u m , p a y a b le s e m i-a n n u a lly in F e b ­
r u a r y a n a A u g u st, o f ea c h y e a r , a n d w ill m a tu r e A u g u s t 1 ,
1913. In te r e st w ill be p a y a b le a t th e S u ffo lk N a tio n a l B a n k ,
B o s to n , M a ss.

B id .

C. H. White A Co., of New Y ork ................................................... ..$ 3 1 ,5 0 0 0 0
W. L Quiritard.of New Y ork ............................................................... 3 0 ,0 0 9 0 0
Cortland Savings Bank, of New Y ork ............................................. 3 0 .3 7 5 0 0
Tlieisa A Barnell, of Spokane, W ashington................................. 30,3 0 2 50
Parson, Leach A Co., of Chicago...................................................... 30,1 00 OO
T h e lo an w ill b ear in te re st a t th e rate o f 4 p e r c e n t per a n ­
n u m , p a y a b le s e m i-a n n u a lly o n J a n u a r y 1 a n d J u ly 1, o f ea c h
y e a r , at th e C h e m ic a l N a tio n a l B a n k , N e w Y o r k , a n d w ill m a ­
tu re 30 y e a rs fr o m d ate o f issu e w ith o u t o p tion .

M a r q u e t t e , M ic h .— (State a n d City Supplement, page 99.)
— T h e C ity C o u n c il o f M a rq u e tte w ill borrow $ 3 0 ,0 0 0 fo r se w e r
p u rp oses.

O a k le y S p e c ia l ‘• e h o o l D i s t r i c t N o . 1 1 , H a m i lt o n C o .,
O h io .— P ro p o sa ls w ill be re c e iv ed u n til J u n e 12 b y th e C le r k
o f th e B o a rd o f E d u c a tio n o f th is d is tric t fo r th e p u rch a se o f
b on d s to th e a m o u n t o f $ 9 ,0 0 0 . T h e b o n d s w ill b ear in te re st
a t th e ra te o f 5 per c e n t p er a n n u m , p a y a b le s e m i-a n n u a lly ,
an d w ill m a iu r e p a r t y e a r ly f r o m J u ly 1, 1894, to J u ly 1 ,
1902. T h e y w ill be so ld to th e h ig h e s t b id d e r a n d fo r n o t less
th a n th e ir p a r v a lu e .

M i lw a u k e e , W i s . — (S t a t e a n d C i t y S u p p l e m e n t , p ag e
10 2 .)— B o n d s to th e a m c u n t o f $ 1 2 5 ,0 0 0 fo r e x te n sio n s a n d n ew
w a te r w o rk s h a v e b e e n a u th o rize d .
M i t c h e l l , S. D —(State a n d City S upplement, p ag e 1 1 9 .)—
C ity T re a su re r R . H . K ib b e e w rite s th e Chronicle th a t the
$ 3 0 ,0 0 0 o f sch oo l b o n d s r e c e n tly v o te d a n d to be issu e d b y th e
B o a r d o f E d u c a tio n o f th is c it y w ill p ro b a b ly b e offered fo r
sale a b o u t J u ly 1 .
T h e loan w ill be d a te d J u ly 1 , 1893, wall
b e a r in te re st a t th e ra te o f 6 p e r c e n t p e r a n n u m , p a y a b le
s e m i-a n n u a lly , a n d w i ll m a tu r e J u ly 1 , 1908.

P it t s b u r g 1, P n .— (State and City Supplement, p ag e 69.)—
B o n d s o f tb is c it y to the a m o u n t o f $ 1 0 0 ,0 0 0 h a v e been v o te d
fo r th e p u rp o se o f e x te n d in g th e e le c tr ic -lig h t p la n t.

M n lv a n e , K a n .— W i l l i a m H . E g a n , P re sid e n t o f th e M u lv a n e S ta te B a n k , n o tifies th e Chronicle th a t th e electio n
w h ic h to o k p la ce in th a t c ity on J u n e 5 , to v o te o n issu in g
$ 3 ,5 0 0 o f w a te r w o r k s b o n d s, re su lte d in th e d e fe a t o f the
p ro p o sitio n .

P o r t l a n d , D r e g .— (State and City Supplement, p ag e 1 4 7 .)
— It is re p o rte d th a t w a te r b o n d s o f th is c it y to the a m o u n t o f
$ 3 0 0 ,0 0 0 w ill be s o ld o n J u ly 1 , 1 8 93, a n d to th e a m o u n t o f
$2 0 0 ,0 0 0 o n O c to b e r 1 , 1893.
Q u in c y , F l a .— T h is p la ce h a s been a u th o rize d b y th e L e g is ­
la tu re to issu e b o n d s fo r w a te r w o r k s p u rp o se s.

' N o g a le s , A r i z . — B o n d s o f th is p la c e to th e a m o u n t o f
$ 1 0 ,0 0 0 h a v e been v o te d fo r sc h o o l p u r p o se s.
T h e lo a n w ill
b e a r in te re st a t th e ra te o f 7 per c e n t p e r a n n u m , p a y a b le in
J a n u a r y a n d J u ly o f ea c h y e a r a t T u c s o n , A r i z . , a n d w ill b e ­
c o m e d u e p art y e a r ly fr o m 1903 to 1 9 1 3 . T h e p la ee has a t
p re se n t n o d e b t o f a n y k in d .
T h e a ssessed v a lu a tio n in 1892
w a s $ 2 7 9 ,0 0 0 , a n d the to ta l ta x r a te (p e r $ 1 ,0 0 0 ) $ 29.

R o c k H i l l , S . C .— B o n d s o f th is c it y to th e a m o u n t o f
$ 6 0 ,0 0 0 fo r th e p u rp o se o f se c u rin g the lo c a tio n in th is p la c e
o f th e W in t h r o p N o r m a l a n d In d u s tr ia l C o lle g e fo r g ir ls ,
w e re to be so ld o n M a y 3 1 , b u t fo r n o t less th a n th e ir p ar
v a lu e . C ity T re a su re r J . H . M c F a d d e n w rites u s th a t to h is
k n o w le d g e 9 2 }^ w a s th e h ig h e s t b id m a d e o n t h e m . T h e
b on d s h a v e been tu rn e d o v e r to th e tru ste es o f said c o lle g e ,
a n d are t o w d e p o site d in th e first N a tio n a l B a n k o f R o c k
H ill. T h e lo a n b ears in terest a t 6 per c e n t a n d m a tu r e s 30
yea rs fr o m d a te o f issu e .

N o r t h D a k o t a .— (State and City Supplement, page 116.)
H o n . K . J . N o m la n d , S ta te T re a su r e r, w rite s th e Chronicle
t h a t th e $ 3 0 ,0 0 0 o f r e fu n d in g b on d s offered fo r sale on
J u n e 1 w e re a w a r d e d to C . H . W h i t e & C o ., o f N e w Y o r k , for
$ 3 1 ,5 0 0 a n d a c c ru e d in te re st.
T h e ] fo l) o w in g is a list o f th e
b id s r e c e iv e d :

FIN A N C IA L.
JOSHUA WlLBOUR.

W ilbou r, Jackson & C o .,
BANKERS

AND

P rop osals continued on n ext page.

FIN ANC IA L.

FINANCIAL.

BENJAMIN A. JACKSON

E. W

Clark & C o .,

BANKERS AND

STREET,

P R O V ID E N C E , R . I.
D e a le r s In C o m m e r c ia l P a p e r , G o v e r n m e n t s and
o t h e r fir s t -c la s s B o n d s a n d S e c u r it ie s a n d F o r e ig n
E xch a n ge.
P r i v a t e t e le g r a p h w ir e t o N e w Y o r k a n d B o s t o n .
M e m b e r s o f N e w Y o r k a n d P r o v id e n c e 8 t o c k E x c a

P H IL A D E L P H IA .
T r a n s a c t a g e n e r a l h a n k in g b u s in e s s .
A l lo w
in t e r e s t o n d e p o s it s .
M e m b e r s o f t h e P h ila d e lp h ia a n d N e w Y o r k S t o c k
E x c h a n g e s , a n d c o n n e c t e d b y p r iv a t e w ir e w it h
N ew Y o r k .

W m . G . H opper & C o .,

P E N N S Y L V A N IA .

2 8 S O U T H T H I R D S T ., P H I L 1 .

H enry
T8

Sproul

F O U R T H

&

C o.,

A V E N U E ,

P IT T S B U R G , P A .
H 1H B K B S 0 7 T K 9

N E W Y O R K STO CK E X C H A N G E ,
P H IL A D E L P H IA ST O C K E X C H A N G E ,
P I T T S B U R G E X C H A N G E (3 M em bers),

S t o c k s a n d B o n d s b o u g h t a n d s o l d o n C om *
m is s io n f o r C a sh , o r c a r r ie d o n fa v o r a b l e te r m s .
I n t e r e s t a l l o w e d o n b a la n c e s . C o r r e s p o n d e n c e
s o l ic it e d .

Davenport & C o .,
B A N K E R S

H olm es

&

Sons,

BANKERS,

P IT T S B U R G ,

PENN,

A N D

B R O K E R ? .

R IC H M O N D , V IR G IN IA .

C H IC A G O B O A R D O F T R A D E .

N.

B ank o f N ew Y o rk , N . B . A .
F ir s t N a t io n a l B a n k o f P h il a d e lp h ia .

PA.

18TABLJSH XD 1871,

W h itn ey & Stephenson
B A N K E R S A N D BROKERS,

Bo.

ST

FOURTH

T H O M A S B R A N C H & C O .,

AVENUE.

R IC H M O N D ,

V IR G IN IA .

I n v e s t m e n t S e c u r it ie s a S p e c ia lt y .
to N ew Y o rk .
•V. T . 1KWLN.

F R A N K XL U S .

P riv a te W ir «

irw in, Ellis & Ballmann,
S to c k , B ond and N o te

31

WEST

B ro k e rs

THIRD

STREET

CINCINNATI. OHIO.

N ew Y o rk P rodu ce E xch an ge
S a fe D e p o s it & S t o r a g e Co.
S a fe s $ 5 to $ 5 0 0 p e r Y e a r .
B T O B A G E F O R V A L U A B L E S O F A L L K IN D 8.

STO RAGE ROOMS FO R O LD B O O K S
*60 t o *260 P E R T E A R .

W . H . H o w co tt,
INVESTMENT

B fc A R E R .

H I G H -G R A D E L O A N S
D e a le r in

t KCTED.

Southern Timber

Lands.

Appraiser of Southern Land Value..
EO. 193 COMMON STREET,
HEW ORLEANS. LA.

C o.

I .O V D O V A M O E D I N B U R G H .
S A M . P . B L A G D E N , M a n a g e r.
W M . A . F R A N C I S , A s s is ta n t M a n a g e r
W . R , E C K E R , A s s is ta n t G e n . A g e n t
H . M . J A C K S O N , S ecretar

U . S. B R A N C H O F

No.

54

CE,

WILLIAM ST.. N, Y

R obert K oons

&

C o .,

BRO KERS,

4 3 2 L ib r a r y S tre e t, P h i la d e lp h ia .
I s s u e a n d m a il u p o n a p p l ic a t i o n b i - m o n t h l y q u o ta tlo n s o f in a c tiv e s to c k s a n d b o n d s , a n d w e e k lv
q u o t a t i o n s o f a ll fin a n c ia l c o m p a n i e s o f P h ila .
C o r r e * » e n d e n c e s o l ic it e d

EDWARDS W HITAKER.

CHARLES HODQMAS

W hitaker & H od gm a n ,
BUM

f . H. BALLMAJT*

Ins

OF

ST O CK .

O ld e s t P it t s b u r g m e m b e r s N . Y . S t o c k E x c h a n g e ,

A C C O U N T S , A:c,

B ritis h

& M ercantile

ESTABLISHED,J.860.
C o r r e s p o n d e n c e s o lic it e d a n d I n fo r m a t io n f u r ­
n is h e d a b o u t S o u t h e r n S ta te , M u n ic ip a l a n d R a il­
ro a d I n v e s t m e n t S e c u r it ie s .
N ew Y o r k R e f e r e n c e —C H A 8 . M . F R Y , E s q ., P r e s i­
d e n t B a n k o f N ew Y ork, N. B. A .

BAN K ERS AN D BROKERS,
CO RRESPON DENTS

P I T T S B U R G ,

N o rth

BROKERS

N o . 1 3 9 S o u th F o u r th St.,

BROKERS,

NO. 52 W E Y B O S S E T

987

AND STO CK B R O K E R S ,

3 0 0 N o r t h F o u r i lx S t r e e t ,

ST.

L O U IS .

M E R C H A N T S ’ N A T IO N A L

BANK,

R IC H M O N D , V IR G IN I A .
C o l le c t io n s m a d e o n a ll S o u t h e r n p o in t s o n best
t e r m s ; p r o m p t re t u r n s .
J O H N P . B R A N C H , P r e s id e n t .
J o h n F . G l e n n . C a sh ’r . F r e d . R . S c o t t . V l o e - P r

The Caligraph Typewriter
STANDS A T T H E

HEAD.

*

THE
A M E R IC A N W R I T I N G M A C H IN E CO.
3 * 7 B r o a d w a y , N e w Y o r le

-r

THE CHRONICLE.

988

S a le m , M a ss.— (State and City Supplement, p a g e 30.)—
C i t y T reasu rer F . A . N e w e ll w rite s th e Chronicle th a t the
$60 ,0 0 0 o f bonds w h ich w e re offe re d o n J u n e 5 h a v e been
a w a rd e d to th e S a le m F iv e C e n t S a v in g s B a n k a t lO O 'l. T h e
f o llo w in g w e re th e o n ly b id s re c e iv ed :
B id s .

Salem Five Cent Savings B a n k ................................................................ JOO-1
Salem Savings Bank.......................................................................................100-09
T h e b on d s bear d ate o f J u n e 1, 1893, a n d d r a w 4 per c e n t
in terest, p a y a b le se m i-a n n u a lly o n J u n e 1 a n d D e c e m b e r 1 o f
each y e a r , an d w ill m a tu r e a t th e ra te o f $ 6 ,0 0 0 y e a r ly fr o m
J u n e 1 , 1894, to J u n e 1, 1903.
P rin c ip a l a n d in te re st o f th e
b o n d s w ill be p a y a b le a t th e M e r c h a n ts’ N a tio n a l B a n k ,
B o sto n .
S i s t e r s v i l le , W . Y a .— W e n o te d in th e C h r o n i c l e o f la st
w e e k th a t b o n d s o f th is c it y to th e a m o u n t o f $ 1 0 ,0 0 0 h a d been
v o te d fo r w a te r -w o r k s p u rp ose s. T h e sale o f s a m e w i ll take
p la ce a b o u t J u ly 3. T h e lo a n w ill b ear 6 p er c e n t in te re s t,
p a y a b le a n n u a lly in J u n e a t S istersv ille , a n d w ill m a tu re
a b o u t J u n e 1 , 1 9 27, w it h a n o p tio n o f c a ll.
T h e b o n d s w ill be
e x e m p t f r o m ta x a tio n . T h e c ity h as a t p re se n t n o d e b t o f
a n y k in d . A sse sse d v a lu a tio n in 1892 w a s $ 2 0 0 ,0 0 0 ; S ta te ta x
(per $ 1 ,000), $ 2 ; c o u n ty t a x (per $ 1 ,0 0 0 ), $ 7 ; c it y t a x (per
$ 1 ,0 0 0 ), $ 7 50.
T r a c y I n d e p e n d e n t S c h o o l D i s t r i c t N o . 3 0 , L y o n C o u n ty ,
M i n n .— W . R . E d w a r d s , C le r k o f th e B o a rd o f E d u c a tio n o f
th is d istric t, w ill re c e iv e p ro p osals u n t il J u ly 1 fo r th e p u r­
ch ase o f b on d s to th e a m o u n t o f $ 2 5 ,0 0 0 . T h e b o n d s w ill run
15 y ea rs, w ith in terest p a y a b le s e m i-a n n u a lly o n J a n u a ry 1
a n d J u ly 1 o f each y e a r , a n d b oth p r in c ip a l a n d in te re st w ill
be p a y a b le at th e N in th N a tio n a l B a n k o f N e w Y o r k C ity .
B id d e rs w ill state d e n o m in a tio n o f b on d s w a n te d a n d th e
p r e m iu m to be paid o n 5 , 5J/£ or 6 per c e n t in te re st b o n d s.
W a r r e n , O h io .— A lb e r t E . A n d r e w s , C i t y C le r k , w ill re ­
c e iv e b id s u n til J u n e 28 fo r th e pu rch a se o f a v e n u e a n d street
im p r o v e m e n t b on d s to the a m o u n t o f $ 3 6 ,5 0 0 .
T h e bonds
w ill bear in terest a t th e rate o f 5 p e r c e n t p e r a n n u m , p a y ­
a b le s e m i-a n n u a lly o n M a rc h 1 a n d S e p te m b e r 1 o f e a c h y e a r ,

CHICAGO.

Jamieson & Co.,
STOCKS—B O YD S,
M em b ers N ew Y o r k S to ck E x ch a n g e ,
C h ic a g o S t o c k E x c h a n g e .

1 8 7 -1 8 9 D E A R B O R N S T R E E T ,

C h ic a g o , Il l s
P r iv a t e W i r e t o
L 4 8. W O R M 8 E R , N E W Y O R K .
F L O W E R & CO ., N E W Y O R K .

a n d b o th p rin c ip a l a n d in te re st w ill be p a y a b le a t th e C i t y
T reasu rer’ s office.
S i x th o u s a n d fiv e h u n d re d d o lla rs o f
th e a m o u n t w ill b e c o m e d u e o n S e p te m b e r 1, 1 8 9 4 ; $ 7 ,0 0 0
e a c h y e a r o n S e p te m b e r 1 , 1 8 95, 1896 a n d 1897, an d $ 9 ,0 0 0
o n S e p te m b e r 1, 1898.
T h e y w ill be so ld to th e h ig h e s t
b id d e r a n d fo r n o t less th a n th eir p ar v a lu e .
T h e C ity C le r k a lso w rite s u s th a t a n e le c tio n h e ld in W a r ­
ren o n M a y 22, to v o te o n t h e q u e s tio n o f is s u in g $ 2 0 ,0 0 0 o f
b o n d s fo r se w e r p u rp ose s, re su lte d in fa v o r o f th e p ro p o si­
tio n . T h e d a te o f sale o f th is lo a n h a s n o t as y e t b e e n fix e d .
W e l l e s l e y , M a s s .— T o w n C le r k F . H . K in g s le y w r ite s th e
C h r o n i c l e th a t a t a to w n m e e tin g h e ld in W e lle s le y o n M a y
20 th e p eop le v o te d th a t th e s u m o f $ 4 0 ,0 0 0 fo r p u r c h a s in g
lo t a n d b u ild in g a n d fu r n is h in g a h ig h -s c h o o l b u ild in g be
ra ised b y th e issu e o f b o n d s or n o te s o f th e to w n fo r th e a g ­
g r e g a te s u m o f $ 4 0 ,0 0 0 , the s a m e to b e a r d a te o f S e p t. 1 , 1 8 93,
a n d to be p a y a b le a t th e ra te o f $ 4 ,0 0 0 y e a r ly fr o m S e p t. 1 ,1 8 9 4 ,
to S e p t. 1, 1903, w it h in te re st a t 4 per c e n t p e r a n n u m
pay­
a b le s e m i-a n n u a lly o n M arch 1 a n d S e p t. 1 o f e a c h y e a r a t th e
office o f th e B o s to n S a fe D e p o s it & T r u s t C o m p a n y .
The
T o w n T reasu rer is a u th o rize d to p rep a re sa id b o n d s or n o te s
a n d se ll t h e m f r o m tim e to tim e .

Wiiulom, Minn.— A n ele ctio n w h ic h r e c e n tly to o k p la ce in
W i n d o m to v o te on issu in g b o n d s fo r w a te r w o r k s a n d e le c tric lig h t p u rp oses re s u lte d in th e d e fe a t o f th e p ro p o s itio n .
I t is
n o w re p o rte d th a t th e p e o p le w ill v o te a g a in o n th e is s u a n c e
o f b on d s fo r e le c tric lig h ts o n ly .
W i n t o n P la c e , O h i o .— R . B . P o a g e , T i l l a g e C le r k , w a s to
re c e iv e p rop osals u n t il to -d a y f o r th e p u r c h a s e o f 20 side­
w a lk b on d s, 10 f o r $39 8 4 e a c h a n d 10 f o r $78 79 e a c h . T h e
b o n d s w ill b ear in te re st a t th e ra te o f 6 p e r c e n t per a n n u m ,
p a y a b le a n n u a lly , a n d o n e b o n d o f e a c h series w ill m a tu r e
y e a r ly .
P rin c ip a l a n d in te re st w ill be p a y a b le a t th e F irs t
N a tio n a l B a n k o f C in c in n a ti.
T h e se b o n d s are issu e d in a n ­
ticip a tio n o f th e c o lle c tio n o f a n a s s e s s m e n t, a n d it w a s said
m ig h t be re d u c e d b y re a so n o f s o m e o f th e a sse ssm e n ts be­
in g p a id in f u ll in c a sh b e fo re th e s a le o f th e b on d s.
They
w e r e n o t to be so ld fo r less th a n th e ir p a r v a lu e .

Breese & Cummings,
BANKERS AND BROKERS,
111

AN D 113 M O N R O E S T R E E T ,

C H IC A G O
S e c u r it ie s lis t e d in N e w Y o r k , B o s t o n o r C h ic a g o
c a r r ie d o n c o n s e r v a t i v e m a rg in s .

A. O .

S L A U G H T E R , M e m b e r N . Y . S tock E x o h a n g e
W M . Y . B A K E R , M e m b e r C h ic a g o 8 t o c k E x o h a n g e

A . O. Slaughter & Co<,
BANKERS,

111-113 LA SALLE STREET,
C H I C A G O , IJLL,S.

Chicago Sccurltle, Bought and Sold,

Loeb & Gatzert,
M ORTGAGE BANKERS
11 6 L A S A L L E S T R E E T , C H IC A G O .
„ F ir s t M o r t g a g e s l o r s a le In la r g e a n d s m a ll a m o u n t s ,
n e t t in g I n v e s t o r s 6, 6 ^ a n d 6 p e r c e n t , s e c u r e d b v
im p r o v e d a n d in c o m e -b e a r in g C h ic a g o c i t y p r o p e r t y .
P r i n c i p a l a n d I n t e r e s t p a y a b l e In G o l d .
C O R R E S P O N D E N C E S O L IC IT E D .

The
Title Guarantee & Trust
EquitableTrust Company
Company
OF

C H IC A G O ,

9a, 94 4c 96 WASHINGTON STREET.
Capital, paid-up.................... 91,600,000
Undivided earnings, Including
surplus..............................
239,000
Deposited with State Auditor. . 200,000
G U A R A N T E E S T IT L E S T O R E A L E 8 T A T E .
M A K E S A B S T R A C T S OF T IT L E .

a n d B o n d s , E x e c u t o r , R e c e iv e r a n d T r n s t e e f o r
E s ta te s, S y n d ic a te s , I n d iv id u a ls a n d C o r p o r a t io n s .
T r u s t m o n e y s a n d t r u s t s e c u r i t ie s k e p t s e p a r a t e
f r o m t h e a s s e ts o f t h e C o m p a n y .

CORRESPONDENCE SOLICITED.

O F F IC E R 8:
G W Y N N G A R N E T T , P r e s id e n t .
A . H . S E L L E R S , V i c e - P r e s id e n t .
A R C H I B A L D A . S T E W A R T , S ecreta ry .
C H A 8. R . L A R R A B E E , T rea su rer.
F R A N K H . S E L L E R S , T r u s t O ffice r .
D IR E C T O R S :
G w y n n G a r n e tt,
C h a s. W . D r e w ,
W . D . K e r fo o t,
J o h n P . W ils o n ,
H o r a c e G . C h a se,
E d s o n K e it h ,
J o h n G . S h o rta ll,
G eo. M . B ogue.
Joh n D eK oven,
A . H . S e lle r s .
8 a m u e l B . C h a se ,
COUN SEL:
W . C. G o u d y ,
J o h n P . W ils o n ,
A . W . G re e n ,
A . M . P en ce,

M A N A G ER W A N TE D .

1 8 5 D E A R B O R N S T *, C H IC A G O *

C A P IT A L , P A ID ’ U P , --------- ---SUR PLU S,

-

-

-

-

-------------

$ 5 0 0 ,0 0 0
5 0 ,0 0 0

A U T H O R IZ E D B Y L A W T O R E C E IV E and e x ­
e c u te tru s ts o f e v e r y c h a r a c te r fr o m co u r ts , c o r p o r a ­
t io n s a n d in d iv id u a ls . T a k e s e n t ir e c h a r g e o f e s t a t e s ,
r e a l a n d p e r s o n a l. A c t s a s a g e n t f o r t h e r e g i s t r a ­
t io n a n d tra n s fe r o f b o n d s a n d s to c k s a n d t h e p a y ­
m e n t o f c o u p o n s , i n t e r e s t a n d d iv id e n d s . A le g a l
d e p o s ito ry f o r c o u r t an d tru s t fu n d s .
IN T E R E S T A L L O W E D O N D E P O S IT S o f m o n e y ,
w h ic h m a y b e m a d e a t a n y t im e a n d w ith j r a w n a f t e r
fiv e d a y s ’ n o t ic e , o r a t a fix e d d a t e .
T R U S T F U N D S A N D T R U S T IN V E S T M E N T S
a re k ep t sep arate a n d a p a rt fr o m th e a sse ts o f th e
com p an y .
D IR E C T O R S :
A Z E L F. H A TC H ,
CH AS. H . H U LB U RD ,
M . W . K E R W IN ,
G EO . N. C U LV E R ,
H A R R Y RU BEN S,
M A U R IC E R O S E N F E L D .
J. R. W A L S H ,
S A M U E L D . W A RD,
O TTO YOU NG.
O F F IC E R S :
J . R . W A L S H , P re s id e n t.
C H A S . H . H U L B U R D , V i c e - P r e s id e n t .
S A M U E L D . W A R D , T rea su rer.
L Y M A N A . W A L T O N . S ecreta ry

Illinois Trust & Savings
Bank.

W e wish to contract with a good, live man to
C H I C A G O , I I .l i .
represent us in each large town and city in the CAPITAL. AND SURPLUS, - 93,500,000
United States. To such we can offer a perm­
IN T E R E S T A L L O W E D O N D E P O S IT S .
anent, paying and legitimate business.
T h is B a n k is d i r e c t ly u n d e r t h e j u r i s d i c t i o n a n d
Our Company is in the line of Building Loan s u p e r v is io n o f t h e S t a te o f I llin o is , is a L E G A L
O R Y f o r C o u r t M o n e y s , a n d is a u t h o r is e d
Associations, with the best features and with­ tDo EaPc tOaSsI T
T R U S T E E , E X E C U T O R . R E C E IV E R and
out the risks and expenses of such. W e feel A S S I G N E E f o r E S T A T E S , I N D I V I D U A L S a n d
confident that we can afford the best and safest C O R P O R A T I O N S . O F F I C E R S :
J o h n J . M it c h e ll, P r e s id e n t .
investments in this line ever offered. Write
J o h n B . D r a k e , V i o e -P r e s i d e n t .
and see.
W m . H . M it c h e ll, S e c o n d V i c e -P r e s id e n t ,^ !

L O C A L S E C U R I T IE S A S P E C I A L T Y .

Chicago Co-operative
Construction Co.

»9 WASHINGTON STREET, CHICAGO.

R o o m s 6 1 6 -6 1 8 R ia lto B u ild in g ,

C o r r e s p o n d e n c e I n v it e d .

C H IC A G O , I L L .

Fred.*G. Frank & Co.,

CHICAG O.

CHICAGO.

Offers Investors In real estate securities
H U H N & G L E N D IN N IN G P H I L A D E L P H I A .
protection afforded by no other system of
Special attention given to out-of-town busi­ doing business.
ness. Correspondence solicited.
I s a u t h o r iz e d b y la w t o a c t a s R e g is t r a r o f S t o c k s
J . B B r b s s h , M e m b e r N ew Y o r k S took E x ch a n g e
D . M . C u m m i n g s , M e m b e r C h ic a g o S t o o k E x c h a n g e

[V ol. LYI.

W m . H . R e id , T h ir d V i c e - P r e s id e n t
J a m e s 8 G ib b s , C a sh ’r . B . M . C h a t t e ll, A s s ’t C a sh ’ r
D IR E C T O R S
J o h n M c C a ffe r y ,
J o h n B . D ra k e
L . Z . L e it e r ,
W m . H . R e id ,
W m . H . M it c h e ll,
J o h n J . M it c h e ll
W m . G . H ib b a r d ,
J . C. M c M u llin ,
D . B .;8 h lp m a n ,
J . O gd en A rm ou r*
F r e d e r ic k T . H a s k e ll.