Full text of Commercial and Financial Chronicle : June 22, 1895, Vol. 60, No. 1565

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Inancìai
oinflitti
HUNT’ S MERCHANTS’ MAGAZINE,
%

W fik ljj

iit u ip a p iï,

RR'PRF^FNTING T H E IN D U ST R IA L AN D COMMERCIAL IN TERESTS OP T H E U N ITE D STATES,
1B»5. » , f »

B. D^ . 0 0 , P ^ . . a « h e o a M . t «■»

SA TU R D A Y, JUNE 22, 1895.

VOL. 60.

isons with

Week ending June 15.
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NEW Y O K E .

CLEARING HOUSE RETURNS .
The following table, made up by telegraph, etc., indicates
that the total bank clearings o f all the clearing houses of the
United States for the week ending to-day, June 22, have been
$1,059,636,452, against $1,042,638,309 last week and $810,175,785 the corresponding week of last year._________________ .
Week Ending June 22.

C L E A R IN G S .

New York.............................
Boston.........................-........
P hiladelph ia..............................

Baltimore..............................
Chioago..................................
St. L ouis...............................
New Orleans................. .......
Seven cities, 5 days........
Other oities, 5 days......... .
Total all cities, 5 days....
All cities. 1 day........-........
Total all cities for week

1895.

1894.

Per Cent.

$514,018,878
67,078,949
65,523,826
11,612,825
76,682,814
19,324,870
6,395,631

$363,069,152
58,530,414
48,440,616
9,565,194
08,367,838
17,356,800
5,845,362

+41-6
+ lv i
+35*3
+21*4
+12-2
+11-3
+9’4

$760,037,793
131,019,732

$571,175,376
114,298,761

+332
+14-6

$891,657,525
167,978,927

$685,474,137
124,701,598

+30-1
+34-4

$1,059,636,452

$810,175,735

+30-8

The full details of clearings ior wie wee*.
^^
above statement will be given next Saturday. W e cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence m
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, June
15 are given below, and we also present the results for the
corresponding week in 1894, 1893 and 1892. In comparison
with the preceding week there is a decrease in the aggregate
exchanges of a little more than twenty-nine million dollars,
but at New York there is a gain of thirteen and a half mil­
lions. Contrasted with the week of 1894 the total for the
whole country shows an increase of 23*4 per cent. Compared
with the week of 1893 the current returns record a falling off
of 0-9 per cent and the loss from 1892 is 10*1 per cent. Out­
side of New York the gain over 1894 is 12’7 per cent. The
exeess over 1893 reaches 4*6 per cent, but making compar-




NO. 1565.

1892 the decrease is seen to be 9‘2 per centi

© I tio w ic le .

Return« by Telegraph.

O. O ongfW .1—

Fall River
L o w e ll...........
New B edford
Total New Eng..
Chicago...................
Cincinnati
Milwaukee
D e tr o it....
Cleveland
Columbus
Peoria
Indianapolis .
Grand Rapids
Lexington
Saginaw...
Bay City..
A kron ....... ■ I
Springfield, Ohio.
C anton...
R ockford
Kalamazoo
T ot. Mid. W est’n,
San Francisco
Portland
Salt Lake City
Seattle.............
Tacom a...........
Los Angeles
H elena........
Spokane
Sioux Falls
Fargo
T otal Pacific
Kansas City
M inneapolis...
Omaha
St. Paul
D en ver.
Duluth.
St. Josep h ...
Sioux C ity ...
Des Moines
Lincoln
W ichita..........
Topeka
Fremont,
Hastings
T ot. ether W est
St. Louis
New Orleans,
Louisville,
Galveston,
H ouston..
Richm ond
Savannah
Memphis
Atlanta
Nashville
Dallas,
Norfolk
W aco
Fort Worth:
Birmingham
Jacksonville
Chattanooga.
L ittle Rock*
T otal Southern.
Total a ll.............
Outside N. York
Montreal
Toronto
Halifax,
W innipeg
Hamilton,
T otal Canada,___
* N ot included In tota ls.

1076

THE
THE F IN A N C IA L SITUATION.

CHRONICLE.

f Voiu LX.

coal) actually increased 186,761 tons as compared with
May 1894, there being also a small increase (28,946tons) in the shipments from the Lehigh region, while
the shipments from the Wyoming region fell off
311,038 tons. The Schuylkill region had 26*03 per
cent of the total in May last year ; this year its propor­
tion is 31*61 per cent. Of course the Reading is not
the only producer in the Schuylkill region, but it is
the principal producer. The following is our usual
table, showing production, consumption, stocks, & c.:

There has been nothing essentially new in the influ­
ences affecting our markets this week. The crops have
continued to develop, latest reports of railroad earn­
ings have afforded favorable contrast with 1894, figures
of bank clearings as given on the previous page have
kept up to the large average of our recent reports, and
industrial affairs have gone on without interruption,
showing almost daily improving conditions, this im­
provement being especially noteworthy as we are now
May.
January 1 to May 31.
passing through the summer months when usually Anthracite Coal.
1896.
1894.
1893.
1895.
1894.
1893.
trade slackens. Indeed, at the moment not the sem­
beginning..
Tone.
Tone.
Tone.
Tone.
Tone.
Tone.
blance of a cloud can be discovered anywhere in the Stock
o f p e rio d .........
817,330
849,207
970,988
780,913
728,878
067,808
commercial horizon except it may be the silver agita­ P rod u ction............ 3,788,915 3,884,277 8,707,082 16,897,281 14,281,177 16,907,821
supply .. 4,600,275 4,733,484 4,678,070 17,078,174 15,010,055 17,565,08»
tion, and even that is being suppressed by the people St’kTotal
end o f period
736,996
664,180
877,014
736,898
664,180
877,014
and swallowed up in the business revival. We have
Disposed o f . . .. 8,869,279 4,069,804 3,8Ol,O50ll0,241,178 14.345,875 16,688,075
written on a subsequent page with reference to this
It will be seen from the foregoing that tidewater
subject solely for the purpose of calling attention to the
stocks during the month were diminished 80,334 tons.
expediency and desirableness of taking advantage of the In the same month of last year, however, there was a
present better business conditions and improving
diminution in these stocks of 185,027 tons. Assumsentiment in the relation of free silver in the South by
therefore, that the stocks at interior storage
redoubling our efforts to give this ever-recurring dis­
points, regarding which no information is available,
turber of confidence a set-back from which most likely
continued unchanged, the companies disposed of
it would never recover.
3,869,279 tons of coal in May 1895, against 4,069,304
Since Friday afternoon of last week there have been
tons in May 1894. For the year to date on the same
turned over to the Sub-Treasury from depositary banks
basis the companies disposed of 2,595,303 tons more
$6,856,752 84 of gold on account of the American half than in the same period of last year.
of the bonds sold by the Government to the MorganThe return of Mr. J. P. Morgan from Europe this
Belmont Syndicate. We are told that this gold has week is quite an event in financial circles. Mr. Mor­
until now been held by the depositary banks as a
gan has not as yet expressed himself very freely, but
special deposit and has been included in the Treasury
he is quoted as saying that the feeling abroad is now
cash ever since last February, when payment was made
strongly in favor of American securities. It is recog­
for the American half of the bonds. We do not assume
nized that the country is pledged to the maintenance of
to understand the precise status of these deposits before the gold standard, and hence investors are disposed to
tb® transfer now made, further than as given above. The buy American securities, especially those of a choice
chief interest of the public attaching to this movement character, for which, he says, the market is almost
is the effect it will have on the bank reserves, for it unlimited. The issues recently placed are selling at a
ought to be shown by a loss of cash in the report which large premium, and other negotiations are pending.
will be made public to-day by the Clearing-House in­ He thinks a reorganization of the Northern Pacific
stitutions. Another Syndicate fact of interest we have and the Erie will be undertaken without material
this week is that United States 4 per cents have been delay.
oversold in London. It will be remembered that for a
The tone of the money market has shown no special
time in May prices in London and New York were change, and yet among the low rates this week was one
such as to make it appear profitable to buy 4 per cents of the lowest ever recorded ; it was prime Eastern mill
in London and sell them in New York. Possibly this paper sold at 1 per cent for 40 days. A t the same time we
oversold situation has arisen out of transactions at have the report of a transaction for 9 months mill
that time. But whether it has or not, it seems to be paper not so good at 3 per cent. Some of the near-by
true that the sellers are seeking to borrow the bonds banks having deposits here have this week been required
here for delivery, offering to pay liberally for the ac­ by their correspondents to reduce their balances, if not no
commodation.
interest would be allowed upon the excess above the
The statement of anthracite coal production for the average.
These are stated to be cases where balances
month of May, which has been issued this week, shows have been accumulating recently. As a result of this
that working the mines only three days a week (the notice it is said that some of these banks have been
arrangement adopted that month) is not much induced to loan their money until August at anything
more effective in restricting the output than the old they could get, and this may be the explanation of the
method was. The production had been quite large in very low rate noted above.
A t all events there has
May last year, but the production the present year falls been a considerable amount put out at 1 per cent on
but 95,332 tons short of that year's total, the amount call at the Stock Exchange.
Banks having large
of the month's shipments being 3,788,945 tons. Per­ Southern and Western correspondents say that while
haps, however, we must consider it encouraging that there is some inquiry for re discounts not much has
there has been any reduction at all, since in the been done.
Some fairly large amounts have been
months preceding the output had run so largely placed in Texas, in Georgia and in Alabama, but very
in excess of that for 1894. The three-day arrange­ little in the West.
ment was resorted to because of the unwillingness of
Money on call,representing bankers' balances, has this
the companies to agree to the Reading's demand that it week loaned generally at 1 per cent at the Stock
be allowed to mine 21 .per cent of the output. In view Exchange, though some fairly large loans have been
of that fact it is interesting to note that the shipments made at
per cent and at 2 per cent on securitv of
from the Schuylkill region (whence comes the Reading such a character as would not command the lower




J u n e 32, 1895.]

TH E

rate.
The average has been about 1^ per cent.
Banks and trust companies quote 1 per cent as the
minimum for new loans. The business in time con­
tracts has been largely renewals of maturing obligations.
Ordinary time loans have been effected at 2 per cent
for four and
for six months on acceptable collateral
to good houses. Quotations for time money are 1^@2
per cent for thirty to sixty days, 2 per cent for ninety
days to four months and 2£@3 per cent for five to
seven months. The supply of commercial paper in the
market continues far below the demand, and the offer­
ings are promptly absorbed. Quotations are 2^@2£
per cent for sixty to ninety day endorsed bills receiv­
able, 2|@ 3i for four months' commission house and
prime four months' single names, 3@3-£ for prime six
months and 4@4|- for good four to six months single
names.
There has been no feature of importance in the Eu­
ropean markets this week. The Bank of Eogland
minimum rate of discount remains unchanged at 2 per
cent. The cable reports discounts of sixty to ninetyday bank bills in London 9-16 of 1 per cent. The
open market rate at Paris is I f per cent and at Berlin
and Frankfort it is 2§ per cent. According to our
special cable from London the Bank oi England
gained £750,103 bullion during the week and held at
the close of the week £38,147,831. Our correspond­
ent further advises us that the gain was due to the
import wholly from Australia of £188,000 and to re­
ceipts from the interior of G-reat Britain of £562,000.
The foreign exchange market has been firm all the
week. There have been very few commercial bills, the
offerings against securities placed in Europe appear for
the time being at least to have been absorbed, and
though Speyer & Co. have bought $2,748,000 city of
Chicago 4 per cent gold refunding bonds for sale abroad,
they were not placed in London until late in the week.
The demand this week has been largely for July inter­
est upon securities held in Europe, and there has been
some inquiry for mercantile settlements. The arbitrage
houses have sold stocks in our market for European ac­
count and it is presumed that some balances have
been remitted for. The most urgent demand has been
met with Syndicate bills. These have been sold not
only by Messrs. Morgan and Belmont, but by other
bankers closely identified with tbe Syndicate opera­
tions.
Some have been sold directly and others
through brokers, but all at about the highest figures
ruling for bankers' bills. Of course with the market
in such a condition business by bankers outside those
closely connected with the Syndicate has been done on
extremely small profits. The market opened firm on
Monday and rates for actual business in sterling were
advanced to 4 88f@ 4 88£ for sixty day, 4 89f@ 4 89§
for sight and 4 89f @ 4 90 for cable transrers, the two lat­
ter being the highest of the year. In the afternoon the
Bank of British North America advanced its posted
rates to 4 89£ for long and 4 90£ for short. There
was no change on the following day ; the market
was then quoted as strong, not only for sterling but
for continental and especially for short marks, which
were affected by the high open market rate for dis­
counts in Berlin and Frankfort.
On Wednesday
Heidelhach, Ickelheimer & Go. advanced their posted
rates to 4 89 for long and 4 90£ for short, but no
change was made in rates for actual business; the tone
was firm and some of the bankers expected a supply of
Syndicate bills later in the week; it was reported that
one of the Canadian banks was in such urgent need of



1077

CHRONICLE.

bills that a supply was obtained directly from the Syn-^
dicate. On Thursday the market was again firm and
unchanged as to actual business, but the Canadian Bank
of Commerce advanced its posted rates to 4 89£ for
long and 4 90^ for short. It is stated that some of
the securities which the Syndicate placed abroad have
been returned in response to the advance here to prices
which encouraged their re-sale, and that much of the
recent strength in the exchange market has been due
to this movement. Yesterday the tone was steady,
and a supply of bills was offered by Messrs. Speyer
& Co. against loans placed abroad.
No change
occurred in the rates for actual business. The following
table shows the daily posted rates for exchange by
leading drawers.
F ri„
June 11:.
60 days.. 89
Brown B ro s.... Sight...... 90
Baring,
160 days.. 89
Magouti & Co. i Sight...... 90
Bank British
( 6 0 days.. 89
No. America.. I Sight...... 90
Batik o f
1 6 0 days.. 89
Montreal....... t Sight...... 90
Canadian Bank! 60 d ays.. 89
o f Commerce, <Sight...... 90
lleidelbach.Ick- j( 6 0 days.. 89
elbeim er & Co i{ Sight...... 80
6 0 d ays.. 89
Lazard Freres.. • S ig h t..'.. 90
Merchants’ Bk. J6 0 d ays.. 89
o f Canada.... 1 Sight...... 90

Mon.,
June 17.
89
90
89
90
89-H
90-H
89
90
89
90
89
90
89
90
89
90

Tues.,
June 18,
89
90
89
90
39)*
90)*
89
90
89
90
89
90
89
90
89
90

W ed.,
June 19.
89
90
89
90
89)*
90)0
89
90
89
90
89)«
90)6
89
90
89
90

Fri.,
Thurs.,
June 20. June 21r
89
89
90
90
89
89
90
90
89«
89)6
90)6
90)6
89
89
90
90
89)*<
89)6
90)6
90)6
89)*.
89)6
90)<.
90)6
89
89
90
90
89)6
89
90i i
90

steady on Friday at 4 89@4 89£
for sixty-day and 4 90@4 90£ for sight. Rates for
actual business in sterling were 4 88£@4 88f for long,
4 89^@4 89£ for short and 4 89£@4 90 for cable trans­
fers. Prime commercial drafts were 4 88@4 88£ and
documentary 4 87-£@4 87£. Mr. Ford of the Bureau
of Statistics at Washington has this week issued the
foreign trade figures for the month of May, and w©
give them below in our usual form.
F o r e ig n T r a d e M o v e m e n t

U n it e d S t a t e s .

o f the

In the follow ing tables three ciphers (000) are in all cases om itted.

------------ 1893-4.------------

-1894-5.M e r c h a n - Exports.
*
d ls e .
July-Sept... 172.180
248,193
O ct.-D ec....
Jan.-March. 202,371
05,256
April...........
04.261
M ay.............

Imports.
8
1 07,617
172,720
195,166
08.680
00,0$3

Excess.
1
+4,533
+ 7 5 ,7 7 3
+7,203
—3.421
—1,762

Exports.
1
2 14 ,82 5
272 ,83 3
221,670
04,079
00,998

Excess
Imports.
%
$
108.129 + 4 6 .6 9 0
147 ,26 8 + 1 2 5 ,5 6 0
105,474 + 5 6 ,1 9 0
59,165
+ 4.614
50,160
+4,838

T o ta l.......
H o ld .
July-Sept...
,O ct.-Dec....
Jan.-March.
A pril...........
May.............

752.561

070 .23 6

+ 8 2 ,32 8

834,405

5 90,196 + 2 3 7 ,9 0 0

19,601
11,299
30,620
2,891
417

5.177
•a,685
14,109
4,921
4,861

+ 1 4 ,12 1
+7,614
+ 10,511
—2,030
—4,411

2.561
3.497
8,509
11,724
27,407

54,202
0,802
3,937
2,322
4.283

- 5 1 ,6 1 1
—3 ,3 0 0
+ 4,572
+ 9,102
+ 2 3 ,1 2 4

Total........
S liv e r .
july-S ept...
O ct.-D ec....
Jan.-March.
April...........
M ay.............

04,831

33.656

+ 3 1 .77 5

53,698

71,516

-1 7 ,8 1 8

11,650
11,679
10,619
4,636
5.727

2,761
2,179
1,607
989
713

+ 8,889
+ 9,200
+9,012
+3,647
+4.981

13.868
12,869
12,167
4,086
3,769

5.131
3.268
2,127
607
775

+8.134'
+9,601
+ 1 0 ,0 1 0
+ 3.189
+2,991

T o ta l.......

44,311

8,579

+ 3 5 ,73 2

47,069

12,511

-1-34,558

+ Excess o f exports-

— E xcess o f Imports.

We subjoin the totals for merchandise, gold and
diver for the eleven months for six years.
M e r c h a n d is e .
Eleven
Excess
E x­
Stos. Exports. Imports.
of
ports.
Exports
9 4 -9 5
»3 -9 4
9 2 -9 3
9 1 -9 2
9 0 -9 1
8 9 -9 0

$
752,561
8 34,405
782,218
965,390
826,88c
804,717

$
070.236
590,196
790,706
755,386
771.454
713,875

$
82,328
2 37909
*14,188
210004
55,432
90,842

t
04,831
53,698
105,970
33.C66
70,510
13,643

SILVER.

©OLD.

Excess
Excess
Im ­
E x­
Im ­
of E x ­
of
ports. ports.
ports.
Exports
ports.
$
33.056
71,516
20,165
49,205
17,919
12,657

$
31,775
*17,818
85,805
*16,139
52,591
(86

t
44,311
47,069
36,721
29,888
21,041
33,898

$
8,579
12,511
21,607
17,798
17,001
19.183

«
35,732
34.5 5$
15,114
11,590
4,010
14,7 16

* Excess of imports.

Returns of railroad earnings are growing steadily
more encouraging, and for the first week of June our
statement shows a gain of 10T3 per cent, while for th©
second week of the month a preliminary statement
which we have prepared indicates about 8 per cent gain.
We also give to-day our review of net earnings for th©.

1078

TH E

CH RONICLE.

month of April, which likewise makes a satisfactory
showing. Among the roads which have reported
for that month this week may be mentioned
the Cleveland Cincinnati Chicago & St. Louis
or “ Big Four” and its leased line, the Peoria & East­
ern.
The Big Four reports gross of $1,104,082,
against $1,004,223, and net of $282,510, against
$247,315.
For the fiscal year to date the net is
$2,813,694, against $2,729,991. The Peoria & Eastern
reports for April gross of $149,440, against $115,455,
and net of $39,055, against $1,724; for the fiscal
year to date the net of this road is $372,297,
against $188,166. The Baltimore Sc Ohio has fur­
nished an estimate for the month of
May
showing $180,547 gain in gross and $124,570 gain in
net. Two of the Pennsylvania Railroad lines have
also reported for the same month— the Pittsburg Cin­
cinnati Chicago & St. Louis has $110,822 increase in
gross and $86,235 increase in net, the Pittsburg
Xoungstown & Ashtabula $65,481 increase in gross and
$35,329 increase in net. The Nashville Chattanooga
& St. Louis for May has gro3S of $388,066 agaiost
$358,647, and net of $146,915 against $129,601 ; the
San Francisco & North Pacific gross of $77,395 against
$77,380, and net of $25,707 against $32,536.
—........
1895.
Name o f Road—
*
Baltimore & Ohio So. W ....d r o s s
503,205
Net
176.489
Chicago & W est M ichigan...dross
147,654
Net
38,560
d e v . Cin. Ch. & St. L ou is...d ross 1,104,082
Net
282,510
Peoria & E astern...............dross
149,440
Net
39,055
D etroit Lans. & Northern., .dross
97(993
Net
23,133
Grand Trunk......................... dross 1,422,819
Net
431,366
Xiake Erie & W estern ........dross
285,536
Net
120,998
Oregon Im provem ent C o..., dross
254,776
Net
27,854

A vril Earnings.1894.
1893.

$

1892.

*

469,269
161,075
128,190
22,894
1,004,223
247,315
115,455
1,724
87,099
16,574
1,356,801
353,432
246,161
96,520
826,544
77,082

*

526,302
160,755
172,785
49,044
1,108,971
266,875
138,489
16,566
100,977
20,951
1,499,954
410,361
294,817
107,971
330,704
66,137

183,901
173,782
53,623
1,113,676
267,886
139,210
88,097
99,277
24,107
262,135
111,968
305,336
49,931

_------------May Earnings.—

Name of Road—
Baltimore & Ohio...........
Nash. Chat. & St. Louis
Pitts. Cin. Chic. & St. L.
Pitts. Youngs. & A s h ....
Ban Fran. & No. Pac......

1865.
1894.
1893.
1892.
$
$
$
«
dross 1,790,627 1,610,080
2,164,848
2,059,866
Net*
468,110
343,540
639,305
508,525
dross
388,066
358,647
414,376
418,116
Net
146,915
129,601
149,598
139,420. drossInc.U0,S22Dec.305.4’;8 Inc. 83,024 Inc. 147.873
Net Inc. 86,235Dec.193,974 Inc.177,979 Dec. 61,661
dross
153,291
87,810
161,718
110.940
Net
63.822
28.493
88,895
59,867
dross
77,395
77,380
76,301
76,380
Net
25,707
32,536
27,238
20,614

The following statement gives the week's movement
o f money to and from the interior by the New York
hanks.
Received by Shipped by
N, F. Banks• N. F. Banks

Woek'Ending June 21,1895.
O n rrenoy.........................................
S o ld .........................................................

4,297,000
420,000

Net Inter\o
Moverth**

$2,096,000 Gain.$2,201,o 0 a
400,000 Gain.
20.000

T otal gold and lega l tenders....... $4,717,000 $2,496,000 Gain.$2,221,000
With the Sub-Treasury operations she result is as
follows.
Into
Banks.

Week Ending June 21,1895.
B anks’ Interior m ovem ent, as above
Ctnb-Treasnry operations...................

Out of
Banks.

Net Change,
Bank Holding*

$4,717,000 $2,496,000 Gain.$2,221,0t 0
14,300,000 18,9 00,000 Loss. 4,600,000

T otal gold and lega l tenders....... $19,017,000l$21,396,000 Loss. 2.379,000

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
June 20,1896.

Bank o f

England........
France...........
Germany.......
A ust.-Hung’y
Spain..............
N etherlands.
Nat.Belgium.

June 21,1894.

Gold.

Silver.

Total.

Gold.

Silver.

£
38,147,831
82,042,405
38,226,080
19,238,000
8,004,000
4,294,000
2,846,000

£

£
38,147,831
132,306,673
53.839,550
32,759,000
20,404,000
11,358,000
4,269,000

£
88,878,557
71,397,000
33,672,350
10,316, )00
7,918,000
4,517,000
2,993,333

£

50,264,268
15,613,470
13,521,000
12,400,000
7,064,000
1,423,000

51,123,000
13,712,660
16,344,000
8,800,000
7,039,000
1,498,667

lo ta
38,878,557
122,520,000
47,285,000
26,680,0«0
16,718,000
11,556,000
4,490,000

Tot.this week 192,798.316 100285738 293,084,054 169,592,240 98,515,317 288,107.557
«tot. prev. w’k 192,105.270 101165302!293,260,572 168,445160 98,372,333 266,817,493




[Vol. LX.

A SURE W A Y TO D E F E A T F R E E STL VER.
The silver agitation in the West and South is assumed
to be, and no doubt is at the moment, on the wane.
There are so many indications that this is true
that no need exists for citing them. It is at the same
time though highly desirable that efforts to encourage
those who are engaged in the contest for sound money,
especially in the South, should not be relaxed but
should be increased. The work New York has to do
is more necessary than ever and cannot be completed
until the elections that are to determine the character
of the State legislatures which are to choose new
United States Senators have been held.
This thought is timely because it is now within the
reach of the people of this country to put an end to
this silver disturbance. The issue has been raised in
such a form and has been so courageously and adroitly
met by such able advocates, that the folly the people
were in danger of accepting bids fair to be thoroughly
understood and appreciated by the multitude. The
view that is gaining popularity now is, that the best
money is none too good for the producer and the wageearner ; that the dollar worth a dollar the world over,
not needing the Government stamp to float it even in
America, is the first need of every industrious man in
the United States, however few or many dollars his
work may return him. We never before have been in
such a promising position for enforcing correct cur­
rency ideas along these lines.
Nor is this all there is in present surroundings to
encourage a special effort. Not only is the principle
involved beginning to be more widely understood, but
the situation of the country is likewise so shaping it­
self as to prove that none of the claims of the silver
monometallists are correct or reliable. It has been
again and again asserted that low silver kept wages
down, killed business and gave the low values to all
products, and that there could be no recovery except
through higher prices for silver. Iastead of that
proving to be true it so happens now that the mmufactory and the foundry are everywhere once more
showing great activity, the prices of their products
and the pay of the wage-earner are all advancing,
while the fruits of the soil (cotton, bieadstuffs, &c.) are
likewise on a much higher level of value, and yet silver
has not only failed to be the forerunner of this move­
ment, it has not even followed it. On Monday April
1 Pixley & Abell quoted silver in London at 30fd. per
ounce.
On that day middling cotton at all the lead­
ing Southern markets (see Chronicle , April 6, page
617) ranged from 5f@5|- cents per pound, and on the
same day red winter wheat for May delivery was
quoted in New York (see same Chronicle , page 620)
at 60£ cents per bushel. A week ago, Friday June 14,
Pixley & Abell quoted silver in London at 30 9-16d. per
ounce ; the same day the Southern cotton markets
quoted middling cotton (see Chronicle , June 15,
page 1064) at 6 f@ 7 cents per pound, and red winter
wheat in New York stood (C hronicle , June 15, page
1067) at 80 cents.
Here are very substantial gains to
the factory, to the foundry, to the wage-earner and to
the farmer without an atom of help from silver.
These facts are brought forward so as to impress
upon the mind of the reader the more than usually
favorable condition the country is in for carrying this
contest to a finish at this time. When to the foregoing
we add the circumstance previously suggested that the
special frenzy which seemed so intense a month or

JUNE 22, 1895.]

TH E

CHRONICLE.

1079

more ago is even now decidedly on the wane, the Chamber of Commerce Committee. We have no sug­
opportune character of the moment becomes especially gestion to make on that point. All we desire is that
conspicuous. And yet we repeat the battle is by no the amount of the fund should bear some relationship
means won. There are elections in many States this to the object to be sought and the danger to be
fall in which free silver coinage will be the prominent averted. Our people have borne this cross by laying
issue. If candidates or nominations made favoring down under it and coquetting with it long enough. It
that view could be defeated, it would have a material is about time now to bestir ourselves and throw it off.
and very salutary effect on public opinion. The seats
of several United States Senators are being contested
STATISTICS OF UNITED STATES
in the South that might possibly be gained for advo­
R A IL W A Y S.
cates of a stable currency by a little judicious assistance
The
statistics
of
United
States railways for the year
on the part of the North. We cannot vote there, but
ending
June
30,
1894,
which
the Statistician of the
we can send money, by means of which the work of
Inter-State
Commerce
Commission
has just furnished,
educating the people could be continued— a work that
are
interesting
as
showing
the
results
for a very re­
is most effectively done in that section by public speak­
markable
year—
a
year
noted
for
intense
and universal
ing at political meetings. The question we want to ask
depression
in
business,
and
distinguished
by a succes­
is, why should not the sound-money candidate in each
sion
and
combination
of
unfavorable
events
and con­
State, the one who appears to offer the best promise of
ditions
the
like
of
which
the
railroad
industry
has
success, be furnished the means for conducting his
never
before
experienced,
and
it
is
to
be
hoped
will
canvass ? This action is made the more imperative
because there is a lack of capital in the South, and never again be called upon to endure.
The statistics are furnished with much greater
because the silver-mine owners always have an
abundance of funds for those who are willing to follow promptitude than heretofore, and hence are correspond­
their beck and call. Hence the occasion would seem ingly more useful. The Statistician last December
to demand decided and liberal action of the kind we gave out figures from a preliminary compilation cov­
have suggested.
If the present highly favorable ering a large part of the total mileage of the coun­
opportunity be permitted to pass without being fully try. The present is a summary of the complete report
improved, the country may have cause for lasting — not the report itself (which we presume will not be
ready for some time), but a brief abstract of the same.
regret.
We must not lose sight of the fact that this silver To be sure, the statistics even now cover a period nearly
agitation is to- day not only delaying, but also imperil­ a year back, but in present circumstances this must be
ing to an extent our industrial revival. It has more regarded as reasonably early. It is not so long ago
or less fettered enterprise since 1887. At the moment that two years used to elapse before the statistics in
every other indication points to the conclusion that we their complete form reached the public. Besides, con­
are on the threshold of a more decided and general re­ sidering the variety of matters regarding which the
vival of industrial activity than the country has ever Commission collects data, many months are necessarily
enjoyed. Yet the movement is liable not long hence required in which to gather the statistics and tabulate
to be materially interfered with, if not stopped. A few them. Moreover, many of the roads are very tardy in
months hence Congress is coming together. Many a sending in their returns, and after the returns do come
one is asking his neighbor— are these free-silver people to in they have to be examined and scrutinized and very
meet at the coming session with error reinforced by the frequently sent back for correction.
No other country has anywhere near as large a rail­
results of this fall’s elections to talk and to act 30 as
road
mileage as the United States, and so far as our
to paralyze incipient enterprise and then to return to
knowledge
goes no other country attempts to collect
their homes and convulse the country with a
statistics
on
so extended and comprehensive a scale.
Presidential election excitement based on this
The
railroad
net-work of the United Kingdom is
silver issue ? D o not let us deceive ourselves. Every
only
about
one-ninth
that of this country in size, and
man knows that what we have said presents quite cor­
the
authorities
in
gathering
yearly information confine
rectly the alternative that confronts us. The only time
themselves
to
a
much
more
restricted field. Yet the
too for effort that gives promise of effectually averting
and reversing this influence is the present. If we sleep Board of Trade returns for the calendar year do not
on as we are now doing, if we continue satisfied with usually appear until towards the close of A ugust; that
the measure of success a few Southern men have is, the results cannot be got ready for public presenta­
already achieved, and let our conservative instincts tion until eight months after the close of the period to
delay effort, we are likely to live to repent while during which they relate. Hence while it is to be hoped that
another period of less promising conditions we waste the Inter-State Commerce Commission will be able
our energies in fresh endeavors to relieve business from still further to shorten the time required to get out the
report, it is only fair to say that all things considered
this incubus.
What we advocate is a thoroughly organized move­ the Statistician is now doing pretty good work in that
ment— not to talk, not to write letters, not to prepare respect.
According to the report, the total railway mileage in
sound-money plans, for every editor’s table groans
the
country on June 30 1894 was 178,708*55 miles, an
under the load it is bearing of that kind of literature—
increase
during the year of 2,247*48 miles. The in­
but to induce every man to put his hand into his
crease
during
the previous year was 4,897*55 miles.
pocket and give what he is willing to give to defeat
The
percentage
of increase during 1893-94, it is stated,
once and forever these enemies to commercial pros­
was
less
than
for
any preceding year for which reports
perity. We say forever, because there is such good
have
been
made
to
the Commission. This statement is
reason to think the work can be done now so com­
noteworthy
chiefly
in
view of the Statistician s declara­
pletely that no considerable body of men will ever
have the effrontery to again urge the free-silver lunacy. tion in his report for the previous year that an upward
Perhaps the plan can be best executed through the “ turn in the curve of railway construction” seemed to




1080

TH E

CHRONICLE.

[V ol. L X .

.

-

The foregoing covers simply the share capital of the
be in prospect— a declaration so utterly at variance
with all the current indications and with the known roads. In addition very large amounts of fundedfacts regarding both the railroad situation and the gen­ debt obligations were in default or netted nothing to
eral commercial and financial situation that we their owners. The Statistician gives the aggregate
felt obliged to direct attention to it at the of bonds paying no interest $650,573,789, or 14*17 per
time.
The Statistician now ventures the opin­ cent of the whole. And this is subject to the remark
ion that it is not probable that the year ending already made concerning the same item in the case of
June 30 1895 will show much improvement in that re­ stocks, namely that some bonds did not go to default
spect, and in this he is not likely to be far astray. until the close of the year, and hence do not appear
In Pennsylvania the addition during yie twelve months among those which paid no interest at all in the twelveto June 30,1894, is reported to have been 300*20 miles, months. But even as the figures stand they show a
in Florida 234*82 miles, in North Dakota 195*54 miles, considerable increase over the year preceding, when
in Ohio 184*02 miles, in Georgia 162*71 miles, in Maine the aggregate of bonds paying no interest was reported
135*60 miles, in Missouri 120*51 miles, in West Vir­ at only $492,276,999, or 10*93 per cent of the whole.
ginia 117*56 miles, in Minnesota 116*49 miles; while Of the miscellaneous obligations $53,426,264,. or 11*71^
the States of Kansas, Maryland, Massachusetts, Ne­ per cent, paid nothing in the year 1893-4; in the year
vada, New Hampshire, North Carolina, Vermont and preceding the amount was $45,873,864, or 11*18 per
Virginia, and the Territory of Arizona, show slight cent. Of the income bonds $210,757,5^4, or 86*94 per
decreases in mileage, due to re-measurements and aban­ cent, paid no interest in 1893-4, and $204,864,269, or
82*56 per cent, nothing in 1892-3. Thus in each case
donment of lines.
the
change is of an unfavorable nature. Bringing
We are glad to see that no attempt is made this time
these
various figures together, the following shows the
to minimize the unfortunate condition of railroad
grand
total of securities on which no return was re­
property. Previously for many years both the Statis­
tician and the Inter-State Commerce Commission had ceived during 1893-4.
1I
i
Total
r-Paying nothing in 1893-4.—.
never ceased trying to prove that the railroads were _. .
outstanding. |
1 Amount.
p. o .
Stock....................... $4,834,075,059
$3,066,150,094
63-43
enjoying considerable prosperity— or at least as much Bonds.....................
4,593,931,754
650,573,789
14-17
Miscellaneous
obprosperity as they were entitled to or deserved —when
ligations.............
456,277,380
53,426,264
11-71
242,403,681
210,757,554
as a matter of fact even in those years the roads were Income bonds.......
86-94
Total.................$10,126,688,474"
having a hard time of it trying to make both ends „equipment
$3,980,907,701
39-31
trusts.
63,970,204
605,8^5,135
meet. In the late year of course the losses were so Current liabilities.
$10,796,473,813
tremendous and the burdens grew so heavy that it were
Thus out of ten thousand millions of stock and bondsfolly to attempt to conceal or deny the fact. The re­
port makes the total of railway capital June 30 1894 ($10,126,688,474) almost four thousand million dollars
$10,796,473,813, an increase of $290,238,403 over the ($3,980,907,701) or nearly forty (39*31) per cent received,
year preceding. Of the total $4,834,075,659 was stock no return in the shape of interest or dividends in the.
and $5,962,398,154 debt. Of the debt $4,593,931,754 year 1893 4. And for the fiscal year just closing the
was bonds, $456,277,380 miscellaneous obligations, amount, for the reasons already given, will be still
$242,403,681 income bonds, $63,970,204 equipment larger.
As regards the falling off in revenues, it will be re­
trusts and $605,815,135 current liabilities.
Of the stock, over three thousand million dollars membered that we estimated the decrease for the cal­
($3,066,150,094), or 63*43 per cent of the whole, re­ endar year 1894 at roughly 150 million dollars. For the
turned absolutely nothing to its owners. This, how­ fiscal year 1893-4 the report before us gives the gross
ever, makes the situation better than it really is. Some earnings $1,073,361,797, a loss of $147,390,077, or 12*07
of the roads which have discontinued dividends did per cent. Passenger revenue decreased $16,142^58, or
not suspend until towards the close of the year. 5*35 per cent, and the revenue, from freight fell off.
The Statistician
Having paid something in the early part of the $129,562,948, or 15*63 per cent.
year they do not appear in the total of those which notes that the year covered includps the last four
paid nothing, though now they may be on the non­ months of the Columbian Exposition, during which
dividend .list, Again, a good portion of the money the passenger traffic of many of the roads increased,
distributed in dividends during the year was heavily. The number of passengers carried was 619,not actually earned in the year.
In
fact 688,199, an increase of 26,127,587, and1the increase
the record in that respect is most noteworthy, and was in the two groups which chiefly got the benefit of.
shows how strikingly unfavorable the year was. It ap- the World's Fair travel. The freight traffic fell off
pers that the sum paid in dividends during the twelve over one hundred million tons (106,932,029 tons), themonths was $95,575,976, but that the amount available aggregate of the traffic for 1893-94 having been.
out of the year's income was only $55,755,970, the rest 638,186,553 tons against 745,119,482 tons in 1892-93..
being drawn from accumulated surplus, or else paid in lh e tonnage mileage dropped over 13^ thousand mil­
expectation of an early recovery in earnings. The lion tons, having been for 1893 94 only 80,335,104,702:
stock netting nothing has always been large, but tons, against 93,588,111,833 tons;. As a result the tom
both in amount and ratio there has been a steady in­ miles per mile of line decreased from 551,232 in 1892-93crease for some years.
In the following we bring for­ to 457,252 in 1893-94, which shows how heavily the
ward a table given by us last September, to which we roads suffered from the depression and the many other- ;
unfavorable conditions that prevailed.
have npw added the figures for the latest year.
Year j ¡ Miles o f
Operating expenses were reduced $96,506,977, or
Amount
Ending
Road RepreTotal
Paying
p. <7. o f
June 30.
sented.
Stock.
Nothing.
Whole. 11*66 per cent, the amount of the same for 1893-94
....136,883
1888
$3,864,468,055
$2,374,200,906
61-44
1889
.... 153,385
4,251,190,719
2,621,439,792
61-67 being reported at $731,414,322. The largest percentage 3
1890
....156,404
4,409,658,485
2,811,526,552
63-76 of decrease, we are told, was in the expenses assigned to
1891
. ....161,275
4,450,649,027
2,654,258,391
59*64
1892.............160 346
4,633,108,763
2,807,403,326
60-60 maintenance of way and structures and to maintenance; ^
1893
¿ ..165,659
4,668,935,418
2,859,334,572
61-24
1894
....171,506
4,834,075,659
3,066,150.094
63 43 of equipment, these showing respectively 15*12 and..




J u n e 22, 1895.1

TH E

CHRONICLE.

1081

_________
:---^»Ll
A
few
years
ago,
however,
there
was
even
less
in­
17*52 decrease. The net earnings declined $50,883,100
quiry
among
investors
respecting
the
proper
mainten­
and the amount available for dividends was but little
over one-half what it had been in the previous year, ance of road— almost no inquiry in fact beyond the
being, as already said, only $55,755,970, while the sum questions whether the road was narrow gauge or stand­
distributed in dividends*decreased only $5,353,909, and ard, or had iron rails or steel. To-day increasing at­
tention is being given the general standard of excel­
was $95,575,976.
The effects of the falling off in revenues and the lence in this direction, to which each company as­
great economies in operations which had to be prac­ pires. For this reason, in our railroad department we
ticed are seen in all branches of the service. For in­ have of late endeavored to be as explicit as possible in
stance the increase in the number of cars during the reporting the facts contained in the annual reports as
year was only 4,132 as against an increase in the pre­ to such practical matters as rails, ballast, equipment,
vious year of 58,854. Whether we consider the small bridges etc.; the value of the^e data will perhaps be more
addition as due to the fact that in view of the falling fully appreciated by the general reader if he has clearly in
off in traffic there was less need for additional equip­ mind what is required to make and to keep a railroad
ment or whether we attribute it to the fact that property up to the modern standard. We shall there­
the roads were not in condition to make the fore in this article attempt to throw light upon the
necessary outlays, in either case the car manufac­ subject for the benefit of those desiring to study rail­
turers lost the orders, arid thus a large number road reports intelligently, and in another article we
of men were thrown out of employment. As regards shall describe a plan by which we hope materially to
the employees directly in the railroad service, the aid our readers in reaching a fair conclusion as to the
number June 30 1894, was nearly one hundred intrinsic worth of a property and its management.
The fact is, the physical condition of a road has
thousand less than at the same date of 1893, it being
often
proved its importance in recent years alike to
reported 779,608, as against 873,602, making the
decrease 93,994, or 10*76 per cent. The report says stock and bond holder— to both serious losses have been
that this is a smaller number employed than in any occasioned by failure to give it proper consideration.
year since 1890, and assuming that on the average four In the minds of many there was a rude awakening to
persons are dependent upon each wage-earner, the de­ a sense of the risk they had been running when the
Richmond Terminal reorganization plan, prepared with
crease would indicate that over one-third of a million
such
skill by Messrs. Drexel, Morgan & Company, was
people had been deprived of their regular means of
published.
If the reader will turn to this plan, on
support. We may add that this is far from showing
page 880 of volume 56 of the Chronicle , he will find
the full direct effect even on the laboring classes of the
prostration of the railroad industry. Besides the em­ the statements below cited. Before reading them,
however, he should understand that in the process of
ployees reduced to idleness, many others received
reorganization the worthless branches were discarded,
diminished pay or were put on short time.
and adequate means were provided for improvements
Fortunately the situation has now changed. Earn­
on the lines retained, so that the opinions expressed in
ings are again increasing, and employment is being
1893 have no meaniDg with reference to the existing
given to a larger number of men with each succeeding
property of the Southern Railway Company, which has
week. Of course we cannot expect a full recovery at
risen so promisingly from the wreck of the old Termi­
once. The restoration will necessarily be gradual. One
nal. The statements referred to include the following,
benefit we are persuaded will arise out of the long period
and we would recommend their thoughtful perusal, for
o f suffering, namely a more general recognition of the
incidentally they afford a deal of light upon the needs
close connection existing between the railroad industry
of a railroad suited to modern requirements.
and the general welfare. With an appreciation of that
East Tennessee Virginia & Georgia—1,243 miles. Only 256
fact, it must follow that there will be less inclination miles
were laid on July 1,1892, witti 65 lb. rail, and none had
to harass and oppress that industry; and this gained, heavier rails, although the character of traffic on the main
requires large engines and consequently heavy rails, say
the outlook for railroad property will be brighter than lines
70 to 75 lbs. The remainder was mostly laid with 53 and 56
lb. steel, and 150 miles were laid with iron. For years past
it has been for many years. •

P H Y S IC A L CONDITION OF R AILROAD
PR OPER TIES.—I.
The receivership for the Ohio Southern Railroad
Company took some persons by surprise. One news­
paper, which carries on the rather hazardous work of
giving free advice to would-be purchasers, was aston­
ished to the degree of suggesting an investigation. To
those, however; who have read the company’ s annual
report for 1893 more critically, it could not but sug­
gest the possibility, if not probability, of approaching
trouble. The company during that year operated its
road, including payment of taxes, for 47 per cent of
its gross earnings, and included in this for mainten­
ance of road an amount equal to only $443 per mile,
whereas $600 per mile would have been an exceedingly
low rate. Apparently therefore even at the present
itime little enough is known of matters pertaining to
the condition of the road itself, the real substance of
any investment,




repairs, both of road and equipment, have been insufficient.
Only 411 miles (out of 1,243) are ballasted. The bulk of the
equipment is old and small. Nearly all of the bridges are too
light, and a number of the trestles are too old. There are
about 25,000 feet of bridges and 125,000 feet (or 23}£ miles) of
trestles.
Memphis & Charleston—330 miles. This line is valuable,
but in a condition totally unsuited to modern requirements.
It has been neglected for years and will require renewal at a
large expenditure. The single item of bridges will amount to
at least $150,000. An illustration o f the generally run down
condition of this property may be gathered from an analysis
of the statement of its equipment. The rail on the main line
is mostly 56 lb. steel, which is too light for economical opera­
tion, as, until it is removed, it will preclude the use of heavy
engines. The branches are laid with iron. The maintenance
of both road-bed and equipment has been cut down to the
lowest point, and the physical condition of the property has
consequently and steadily gone from bad to worse.
Columbia & Greenville—195 miles. In very bad physic^
condition ; 98 miles are laid with 45 and 50 lb. iron rail and
106 miles with 50 lb. steel rail, all of which should be re­
placed. There are 153 trestles on the lines, aggregating
28,500 feet. The C. & G. owns but little equipment, viz., 14
locomotives, 14 passenger cars and 123 freight cars.
Oxford & Clarksville and Clarksville & North Carolina.
—57 miles. There have been practically no renewals of rails
and ties on these lines for some vears. Renewals of rails
(owing to ligb'i traffic) would be small, but renewals o f ties
would a p p r e c ^ y affect tfie e a r n in g $b&y do not own any
equipment,

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Northwestern North Curolinci.—lOO miles. Proper renewals
of rails and ties would reduce net earnings in the average
$5,000 to $7,5C0 per annum, as maintenance has been greatly
neglected. Although the line has heavy grades (74 feet), over
eighteen miles are laid with 50-lb. iron rails and 74 miles with
50-lb. steel, which is altogether too light. This line does not
own any equipment.

These extracts are not to be taken as evidence of a
bad physical condition of railroads in this country.
The general condition is quite the reverse. The history
of the Richmond Terminal was bad, and the state of
its controlled properties as a result was exceptional.
As a rule the great majority of roads have been care­
fully maintained and improved. So conservative have
some of the larger companies been in their distribution
of dividends and in their anxiety to use their earnipgs
for the good of their properties, that they have brought
down upon themselves many severe criticisms from
foreign investors unacquainted with the peculiar con­
ditions existing here.
It is because there must
always be exceptions to the rule of good management,
that the investor needs a little enlightenment on these
practical points, such as is given in a forcible way bj
the above paragraphs—paragraphs containing truths
that decided to no small extent the fate of many
thousands of dollars of stocks and bonds.
Two facts in particular were brought into clear, not
to say distressing, prominence by the statements which
we have quoted above from the Richmond Terminal
reorganization plan. One was the damage resulting to
investment properties from a neglect to make proper
maintenance and repairs. The other, that resulting
from a failure to keep the properties up to date in all
departments. As the Richmond Terminal reorganizers
said regarding the lines they had under consideration:
One obvious trouble is that their maintenance and repairs
have been neglected. Another is that while nearly all the
lines in the United States have been steadily substituting solid
roadbeds, heavy equipment and other modern facilities for
the light and inefficient appliances formerly in use, these
lines have not been in a financial condition to keep up to the
times in this respect, and now they find themselves so far
behind as to be to a considerable extent unqualified to handle
business with economy, or to compete successfully with
other lines.

These words came as an unexpected blow to the
Memphis & Charleston general mortgage bondholders.
Having a lien on a “ valuable property,” they had little
thought how its value was being diminished by insuffi­
cient renewals and lack of the improvements necessary
to equip a line for business at the present day. The
charge that in character of rails, bridges and road-bed
the property was antiquated was a revelation to
the bond houses which had continued to deal in the
bonds as good bonds because they had once been good.
Though we have frequently made allusions to the
changes taking place, we suppose few of our readers
comparatively comprehend the extent of the transfor­
mation which all the leading railroads have undergone,
and realize the expenditure of money it has required.
Twenty years ago practically all the lines were laid
with iron rails and equipped with wooden bridges and
light rolling stock.
Steel rails were introduced,
and it was thought that these when weighing 56
pounds to the yard would last practically forever.
To-day the percentage of iron rails in use is insig­
nificant. Falling rates for transportation have de
manded economy of operation, and the wide-awake
railroad men have made haste to effect it by employ­
ing heavy locomotives able to draw far heavier loads of
freight.
Under the heavy trains which have become so com­
mon, light steel rails, unballasted track, frail trestles




[Y ol. LX.

and wooden bridges have been found insufficient; they
have had to be done away with as fast as practicable.
Rails of from 70 to 80 pounds are looked upon as a
minimum weight for roads of more than very light
traffic. The St. Paul is laying its lines with 80-pound
rails, the Chesapeake So Ohio its main line with 75pound rails, and no sooner had the latter company
acquired the Elizabethtown Lexington & Big Sandy
road than it proceeded to lay it with rails weighing 70
pounds to the yard. The Illinois Central, which re­
cently obtained control of the Chesapeake Ohio &
Southwestern, has already under way the work of re­
placing 54-pound rails with those weighing 75 pounds.
It is seen, therefore, that lines of even moderate im­
portance should have a good weight of steel. New
York Central, as is well known, is putting down 100pound rails on its main track.
In our opinion no mean portion of the receiverships
of the smaller railroads during the past three years
have had as a prominent cause the neglect, due in
some cases to financial inability in others to a short­
sighted policy, to make those improvements which alone
render it possible to compete advantageously for traffic.
Strong companies, like the Lake Shore, under the care
of sagacious and conservative officers and directors,
have straightened curves, reduced grades, laid heavy
rails, put in better ties and ballast, eliminated grade
crossings, and in every way kept abreast of the times.
Other companies have not had the means to spare or
have used their surplus earnings to pay dividends.
Such companies naturally reached a point where their
power to do increased business was limited by the poor
character of their road and equipment. Rates having
fallen in the meantime, their earnings have been so
reduced as to make payment of fixed charges impossi­
ble. Reorganization therefore nowadays means both
readjustment of debt and rebuilding of road.
The investor consequently should keep informed as
to the track, bridges, &e., with which a road in which
he is interested is supplied. He should also be assured
that renewals are on a liberal basis, for even with the
most improved rails and equipment the renewals
should be liberal. Unless the property is in good con­
dition and is being honestly maintained, a large sur­
plus of earnings, after payment of fixed charges, may
be but a pitfall for the unwary.

THE IN TE R N A TIO N A L
CONGRESS.

R A IL W A Y

The International Railway Congress, which is to be
held the end of the present month in London (it
convenes next Wednesday, June 26th, at the Im ­
perial Institute) promises to be an unusually inter­
esting affair, and also more than ordinarily successful
if the representation of United States roads at the
Convention may be taken as a guide. The Congress
dates back a good many years, it having been first or­
ganized ten years ago, in 1885 ; and meetings have
been held at intervals of two or three years since then.
There have been four of such meetings so far, and the
present will be the fifth. The first was held in Brus­
sels in 1885, the second in Milan in 1887, the third in
Paris in 1889, and the fourth in St. Petersburg in
1892. The inception of the Congress was largely due
to the Belgian railroads, and the permanent head­
quarters are at Brussels, the arrangements for the hold
ing of the convention being under the control of an inter
national commission, whose existence is continuous.

J u n e 22, 1895.J

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There are two reasons why the present year's gather
ing is invested with special interest. Though the pro­
ceedings of the conventions are reported in both
English and French this is the first time that the
Congress has been held in an English-speaking coun
try. The other distinguishing feature is that there is
to be a considerable attendance of railroad officials
from the United States— likewise for the first time.
Doubtless the latter follows in part from the former,
but it may also be said to be due to the efforts made
by several of our railroad journals to enlist interest
in the Congress, which efforts were begun over a
year ago. The purpose of the Congress is to bring
together those active in the management and adminis­
tration of railroad properties. The Congress, as we
understand the scope of its work, covers the operating
and traffic branches of the service— the physical and
mechanical part of the operation of a railroad and
not the financial part. In Europe much of the rail­
road mileage is State owned, but all the European
governments are represented in the membership of the
Congress, and so are practically all the railways under
corporate control.
United States roads, as already said, have heretofore
taken little or no part in the work of these gatherings.
U p to last year we believe the Pennsylvania Railroad
was the only one which had membership in the Con­
gress. Even now the number of roads directly partici­
pating is very small, especially considering how vast is
the aggregate of our railroad mileage. But the list,
though small, comprises some of our most prominent
roads; moreover they will be represented by very notable
and distinguished officials. The delegates selected on
the part of the Pennsylvania Railroad are Frank Thom­
son, First Vice-President; James McCrea, First VicePresident of the Western lines; T. N. Ely, Chief of
Motive Power, and James L. Taylor, General European
Passenger Agent; on the part of the New York
Central, President Depew (who, however, will not
be able to reach the other side in time), Vice-Presi­
dent H. Walter Webb, General Manager J. M. Toucey,
Chief Engineer Walter Katte, and William Buchanan,
Superintendent of Motive Power; on the part of the
New York New Haven & Hartford, President Clark
and seven others; on the part of the Lehigh Valley,
Vice-President Charles Hartshorne and General Super­
intendent Rollin H. Wilbur; on the part of the
Denver & Rio Grande, George Coppell, Chairman of
the Board; Edward T. Jeffery, President, and some
others; on the part of the Fitchburg, President
Henry S. Marcy and one of the directors; on the
part of the Nashville Chattanooga & St. Louis, J. W.
Thomas,. Jr., Assistant General Manager. Besides these
the Richmond Fredericksburg & Potomac, the Los
Angeles Terminal and the Arizona & Southeastern
will also send delegates. This comprises all the roads
that have a membership of their own in the
Congress— ten in all. The vast body of United
States roads is represented by the American Railway
Association, and the delegates from this organization are
H. S. Haines, the President of the Association and
Vice-President of the Plant system; W. F. Allen, the
Secretary of the Association and Manager of the Official
Railway Guide; J. T. Harahan, Second Vice-President
of the Illinois Central; C. W. Bradley, General Super­
intendent of the West Shore; J. J. Frey, General Man­
ager of the Atchison Topeka & Santa Fe; Theodore
Voorhees, First Vice-President of the Philadelphia &
Reading; J. R. Kenly, General Manager Atlantic




1083

I Coast Line, and Alfred Walter, President Delaware
Susquehanna & Schuylkill, all of whom have accepted,
and will attend the Congress.
From the enumeration of these names it is evident
that this country will be very creditably represented
at the meeting, and that the occasion will be a most
notable one.
The officials of the English roads
contemplate showing great hospitality to
the
members of the Congress, and have planned
excursions for Thursday, Friday and Saturday June
27th, 28th and 29th, which will furnish a rare oppor­
tunity for the inspection of the English railways.
It
happens that at the same time there will be an exhibi­
tion of English railway appliances.
This has no
connection with the Congress, but will be held in
rooms adjacent to those occupied by the Convention,
and thus afford further opportunity for the study
and examination of foreign methods, giving at the
same time to the visitors an idea of British skill and
ingenuity as applied to the management of railroad
properties.
Of the good to result from this meeting of our rail­
road officials in conference with those of the rest of
the world there can be no question. The conditions
and requirements of-railway service in this coun’ry are
in many respects totally different from those which
exist elsewhere, and methods suitable in other parts
might not answer at all here.
But benefit must
necessarily result from an interchange of views and
ideas and from a contrast of our methods with those
which obtain abroad. Foreign railway practice may not
at all be adapted to the conditions ruling here, and, vice
versa, our practice may be equally ill adapted to the
conditions in the foreign countries. Bat study and
discussion are sure to show means of improving both.
President Depew in an interview two weeks ago indi­
cated some of the ways in which advantages are sure to
follow. Said he : “ The railway men of all countries
will meet, each thinking that his method of operation
for speed, safety and economy is the best. But the
oldest and most egotistic railroad man there will learn
something which will be useful to him when he gets
home. For the delegates themselves this Congress is
the best thing in the world. A man who runs for
more than five years up and down one railroad line
moves in a tunnel, first without light and next without
air—at least without good air. To retain usefulness,
one must enlarge his learning by travel, visiting other
lines, and by contact with his brethren from other
systems. Contact and attrition in this Congress will
rub down the sharp corners and knock out the cranks.
I know personally many gentlemen who are going to
that Congress who need a good, healthy collision to
shake them up to a full appreciation of the require­
ments of a modern railroad."
The advantages to flow from the meeting will be
mutual. We may have much to learn from other
countries, but our own experience in operating and
constructing roads can not be without use to them.
The conditions here have been unusually trying, and
we have had problems to meet unlike those to be found
anywhere else. How trying the conditions have been
is shown by the unfortunate state to which so large a
portion of the railroad property of the country has
been reduced, as brought out in an article given to-day
on a preceding page. We have been called upon to
build long lines through sparsley settled and undevel­
oped sections, and therefore furnishing only a very
light traffic, and this small volume of traffic has had to

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be moved at rates averaging only half or one-third of
those obtained by the roads in foreign countries.
Moreover, with low rates to start on, our railroads
have had to submit each year to still further reduc­
tion, for there has been a steady and large decline year
by year. This decline has followed in part from the
action of State legislatures and railroad commissions
in reducing tariff schedules, in part from the exigen­
cies of competition, in part from the depreciation in
the value of commodities, which made it necessary for
the railroads to lighten the transportation charges to
the producer and shipper. According to the InterState Commerce Commission the average received per
ton per mile on the whole railroad system of the coun­
try during the year ending June 30 1893 was but 878
thousandths of a cent, the smallest average on record.
Under these low rates, with the depression in business
and great falling off in traffic which has occurred during
the last two years, a large proportion of the country's
mileage has been forced into bankruptcy. That any of the
roads escaped this fate under such low rates is evidence
o f wise and skillful management. To net a profit at
these rates requires at once great efficiency and great
economy in operations.
Of course a reduction in
operating expenses per 'unit of work was imperative.
The decline in the price of rails and other materials
was of great aid to this end, but that alone
would not have sufficed.
Ways and means had
to be devised for increasing train loafs and at the same
time cheapening the transportation cost. In this,
railroad managers have on the whole succeeded quite
well. By strengthening road bed and track, by using
larger cars and more powerful engines, and by the
introduction of various improvements and economies,
they have been enabled to offset in part at least the
fall in rates.
The experience gained in attaining this
result will be of benefit to the roads everywhere in the
world, and a railway congress will serve to emphasize
it and bring it to the attention of a great many who
do not fully appreciate what the railroad managers in
this country have accomplished.

STREET R A IL W A Y EARNINGS—MO NTH L I
REPORTS.
Our readers will probably have noticed that we
began in our issue of June 8th the publication of
monthly reports of the gross and net earnings of street
railways and traction companies, the same as we have
been doing for so many years in the case of the steam
roads. Our list that week comprised 13 roads report­
ing gross earnings and 9 roads reporting both gross
and net. Though only two weeks have elapsed since
then we have already so far extended the list that the
statements this week include 27 roads reporting gross
earnings and 22 reporting gross and net. The follow­
ing gives the names of the roads included in.the exhibit
of gross and net. Their importance may be judged
when we say that the gross earnings of these roads for
the latest month will aggregate
million dollars.
Binghamton Street Railway,
Bridgeport Traction,
Brockton Consolidated,
Brookl y n. Traction,
Atlantic Avenue,
Brooklyn Bath & West End,
Buffalo Railway,
Cincinnati Newport & Covington,
Citizens’ of Indianapolis,
Cleveland Electric,
Columbus Street Railway,
Denver Consolidated Tramway,

Galveston City,
Lehigh Traction,
Lowell Lawrence & Haverhill,
Lynn & Boston,
Nashville Street Railway,
New Orleans Traction,
Scranton Traction.
•Third Avenue <N. Y.),
Toronto Street Railway,
Twin City Rapid Transit,
Worcester Consolidated.

We have had this step in contemplation ever since
the issue of the first number of our Street R a il w a y
S upplement, early in March, and we direct attention




[VOL. L X

to the matter to-day simply to make our readers ac­
quainted with our purpose. It is part of a plan to fur­
nish full and complete information regarding street
railway properties as a field for investment.
The experiment of course is a new one. No syste­
matic attempt has ever before been made to collect
monthly reports of the earnings of street railways, and
until quite lately the venture must have proved a fail­
ure. Even now the task is beset with a great many
difficulties.
We recognize full well that it will
require hard work to attain our end and no
small expenditure of money. We shall however
follow the subject up with the same assiduity
that we have the subject of collecting weekly and
monthly returns of the steam roads, sparing neither
money, labor nor time. Whether we shall attain the
same degree of success as we have in that case will
depend of course upon the readiness with which the
managers of the street railways respond to our efforts.
The field is an inviting one. The time for the work
is ripe. With the consolidation of the street lines
into large companies and the floating of their secur­
ities among capitalists and investors, they are no
longer merely local enterprises, but have assumed a
broader and totally different character, and sooner or
later those holding their securities will insist on regu­
lar and complete periodic returns.
The method of giving the returns will be the same
as that we have always pursued regarding the exhibits
of the steam roads. The gross earnings statement will
be complete each week, and will include every road
from which we can procure weekly or monthly reports.
This statement will be found to-day on page 1099. The
net earnings statement will comprise only such roads
as have furnished returns within the week, but once a
month we shall bring them all together, as we have
this week. The statement to-day appears on page

1101.
RUSSIA RESTLESS AN D AGGRESSIVE.
Not in a number of years has a condition of unrest
been so plainly visible among the Great Powers of
Europe as at the present moment. In spite of pro­
fessions and some facts that point in the direction of
concord, jealousies and distrust are conspicuously re­
vealed. The opening of the great German canal offered
an opportunity and might have paved the way for en­
tering upon a new and friendly era; but in existing
circumstances it only helps us to understand how far
the nations are removed from a common understanding.
It is noteworthy, too, that at this most inopportune
moment the sick man of Turkey should be again per­
plexing the minds of his European physicians. Arme­
nia is not the only spot in the Turkish body politic
where the malady is manifesting itself; it has broken
out with some virulence on the borders of Albania,
thus putting Bulgaria in a dangerous position. The
peculiar state of things in the West has made us for
the time being forgetful of the affairs of the East,
where there has been a temporary lull; but the lull is
not to be taken as indicative of the end of the difficul­
ties which have grown out of the war between China
and Japan.
Conspicuous in this mixed condition of affairs is the
figure of Russia. For much of this unrest, and for
almost all that is disturbing in connection with the
same, she is more or less responsible ; and where she is
not responsible, in a direct sense, the situation strange

J une 22, 1895.]

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to say offers her desired opportunities. She is directly
responsible for the continuance of the trouble in the
Par East. Latterly her policy of interference in the
affairs of China and Japan has become increasingly
offensive.
Her interference at the outset, as has been
repeatedly shown in these columns, was unjustifiable.
China and Japan had been allowed to fight it out ;
and the principles which restrained interference while
the war lasted ought to have restrained interference
when the war was ended. What has struck the im ­
partial onlooker has been the steadily growing injus­
tice done to Japan.
It was disappointing enough for
the Japanese to be told that they could not settle with
China without the consent and approval of Russia.
It
was more painful
to be told that they
must evacuate every part of the Chinese main­
land, in consideration of a slightly increased money
indemnity. This, however, did not end the interfer­
ence. How we are told that China is likely to have
difficulty in raising the required money to meet her
obligations toward Japan, and that Russia has stepped
in between the late belligerents, taking China specially
under her protection, and making it a necessity for the
Japanese to look to her for counsel and guidance.
Hence it seems if China should fail or be slow in her
payments, Japan will have to deal with Russia. Nor
is this all. As the London “ Times” puts it, the loan
being secured on the customs levy of the treaty ports,
and Russia becoming absolute guarantee, the latter
gets a financial hold on China which, besides estab­
lishing a dangerous precedent, it will be difficult to
shake off.
Hopes were entertained and encouraged that the
young Czar Nicholas would, according to his promise,
walk in the footsteps of his father and cultivate
friendly relations with the outside nations. These
hopes have not been realized. It may be that the
young Czar is not so much to blame as the men by
whom he is surrounded. In that case he has fallen
into unfortunate hands, and come under unwholesome
influences. Since his accession to power the old ag­
gressive policy of Russia has exhibited renewed energy,
and although it ba3 not as yet gone beyond the region
of diplomacy, it has never been more pronounced than
now. It is not, as said, in the East alone that this is
visible. We see it in the West as well. The canal
which connects the Baltic S?a and the North Sea is
evidently giving Russia some annoyance. She sees that
the canal will be of great service to Germany both from
commercial and military points of view. It will tend
to qualify Russia's own influence in the Baltic, where
she has hitherto teen practically supreme. By giving a
safe and easy outlet to merchant ships to the North Sea
and vice versa, the canal will develop the Baltic trade and
build up the Baltic Coast. In peace as in war Russia
will have to work her weary and dangerous course
when she would pass from sea to sea through the
narrow and devious water-way between Denmark and
Sweden. But what can Russia do ? She dare not lay
her hand roughly on Denmark, nor can she take any
advantage of the difficulties which have unhappily
arisen between Sweden and Norway. But she can
strengthen her position in the Baltic and this she is
endeavoring to do. According to a recent report she
has opened negotiations with Denmark, to which
country the islands belong, with a view to obtaining
possession of Estholm, Christianaholm, Eredericksholm
and the northern part of Bornholm. If she cannot
find an easy way from Cronstadt to the North Sea,




1085

such places will be useful to her as coaling stations
and as places of refuge.
We have stated that there are situations which Rus­
sia has not created but which offer her desired oppor­
tunities. We have seen how active she is both in the
Northeast and in the Northwest, on the outer limits of
both Asia and Europe. It is not necessary to dwell at
length on her policy on. the shores of the Black Sea,
in the direction of the Bosphorus and even more to
the West. A glance at the map will show how nearly
she has reached that point at which she would be ab­
solute mistress of the Euxine. Once she has com­
passed its coasts, by what means will it be possible to
keep her out of the Bosphorus or to hold back her war
ships from the Dardanelles and the Mediterranean ?
It is strange that at this juncture the Armenian ques­
tion should be on hand, and that trouble should have
arisen on the borders of Bulgaria. Rumor has it that
the Saltan is preparing to send troops to the scene of
danger in Europe. An attack upon the Albanians migh t
bring about a collision between the Bulgarians and the
T urk s; and it would not be remarkable if Russia
should in such circumstances seek her opportunity.
As to what would follow, much would depend on Eng­
land ; and there is now no Lord Beaconsfield. It
would be strange to see France on the side of Russia
in such an emergency—France that fought side by side
with England in the Crimea—France that has steadily
for generations resisted Russian aggression in the
direction of Constantinople and towards the Mediter­
ranean.
It may turn out that in giving the rein to her ag­
gressive tendencies Russia is overreaching herself.
Her tentacles are too long and they are weak in pro­
portion to their length.
Her great work has been
done in the subjugation of rude and barbarous tribes.
She has never on a great scale and single-handed done
any very wonderful work in Europe.
She has beaten
the Turks; but she has always found it a difficult task.
With the exception of the French she has never meas­
ured her strength with any of the great Western na­
tions, and in her encounters with the French it cannot
be said that she showed to any great advantage. Were
she to push matters to the war extremity at present—
which is not at all likely— she might find she had made
a mistake.
Her relations with France and Germany
in the East do not promise to be enduring. Germany,
it is already evident, is somewhat ashamed of her com ­
panionship. Danger, if there be any danger, is threat­
ened by Russia and France.
It is doubtful, however,
if France is prepared to stand by Russia in every whim
of policy.

N E T EAR N IN G S FOR A P R IL .
The exhibits of railroad earnings are now growing
better all the time, each succeeding month being an
improvement on its predecessor. And this is true of
the net earnings as well as.of the gross earnings. The
movement is just the reverse of that of last year, when
we were obliged to report progressive decreases. I n ­
deed the improvement now is closely connected with
last year's decliae, the comparison being with more
and more unfavorable exhibits at that time.
Our compilations to day cover the month of April.
The exhibit is the best we have yet had in the present
upward movement, just as the showing for April last
year had been the worst we had had up to that time.
In gross the gain is $2,288,143, or 4-55 per c e n t; in
net, $1,560,543, or 11-82 per cent. The general condi-

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IV o l .

l x

.

tions prevailing duriDg the two years are well known.
In 1894, besides the depression in business, the
tariff uncertainties, the gold exports, and the un
easiness regarding the Treasury situation, we had
the Coxey troubles, the strike on the Great Northern
Railroad, and the great coal strike also had its be­
ginning in that month, though its effects were not so
serious then as they became the next month. The
present year the roads had an advantage in the fact
that there was one less Sunday in the month and con­
sequently an extra business day. On the other haud
the roads still had to contend with a greatly diminished
grain movement and also a diminished live-stock move­
ment, while last season’s shore crops in curtailing the
purchasing capacity of the people of the afflicted regions continued a most potent factor in reducing the
general merchandise traffic of the roads having lines in
those regions.
The roads in the manufacturing and mining districts
of the Eastern and Middle and Middle Western States
have seen the volume of their traffic materially extended as the result of the revival in trade. In the
South there was a larger cotton movement than hereto­
fore, but some of the roads suffered seriously from the
diminished shipments of oranges because of the
damage done by last winter’s frosts. There was also a
continued falling off in the shipments of fertilizers.
The following is a summary of the figures for A p ril:

Pacific $104,305, the Oregon Improvement $71,768,
the Canadian Pacific $55,850 and the Jacksonville
Tampa & Key West $33,727 behind.
Several of the roads which have this year enlarged
their gross have at the same time managed to reduce
their expenses, thus producing still more striking gains
in net.
The Northern Pacific, with only $190,348
increase in gross, has $242,774 increase in net; the Illi­
nois Central, with $113,059 increase in gross, has $153,591 increase in net; the Central of New Jersey, with
$107,019 increase in gross, has $136,047 increase in
net; the Mexican Central, with an addition of only
$74,336 to the gross, has $132,675 increase in net; the
AtchisoD, with but $38,325 increase in gross, has $117,125 increase in net, &c. There are other cases where,
with diminished gross, we have increased net.
The
Union Pacific, with a falling off of $174,193 in gross,
has $105,371 gain in net; the St. Paul, with $203,051
decrease in gross, has $26,368 increase in net, and the
Canadian Pacific, with $55,850 less gross, has $86,840
more net.
On the other hand many roads, feeling assured of
better times and continued improvement in gross
receipts, have begun to be more liberal in their out­
lays for expenses. The Pennsylvania belongs to this
type, and hence while reporting $669,541 gain in gross,
has only $85,849 gain in net. The Philadelphia &
Reading, with $418,872 increase in gross, has hut
April.
$30,602 increase in n e t; the Chesapeake & Ohio, with
January 1 to April 30.
(141 roads.)
(138 roads.)
$52,125 gain in gross, has a small loss in net, and the
1885.
1894.
Increase.
1895.
1894.
Increase.
Louisville & Nashville, with $34,375 increase in gross,
$
•«
$
$
*
*
Our tables comprise alto­
Gross ca m ’s 62,497,911 50,209,768
2,288,143 202,912,185 197,863,429 5,048,756 has $57,420 decrease in net.
Oper. exp ... 37,737,088 37,009,488
727,600 146,355,333 144,775,639 1,679,094
gether 141 roads, and of these 104 show gains in gross,
Net earn’s 14,760,823 13,200,280
1,560,543 66,556,852 63,087,790 3,469,062
large or small, and 89 gains in net. The following is
This gain of $2,288,143 in gross and $1,560,543 in a summary of the changes in excess of $30,000.
net follows a loss last year of no less than $9,359,204
PRINCIPAL CHANGES IN G B
EARNINGS IN A P R I L .
or 16 ’00 per cent in gross, and of $3,638,272 or 22-37 Pennsylvania (3 rds.)T. $669,541
Louisv. N. Alb. & Chic..
$34,611
418,872 Louisv. & Nashville___
34,375
per cent in net. The statement below contrasts t*he Phila.&Read.andC.&I.
Northern Pacific..........
190,348 N.Y. Ontario & West’n.
34,278
Illinois Central.............
113,059 Peoria & E a s te rn ........
April results for several years back.
33,985
Tear and
number
0/ roads.
April.

1890
1891
1892
1893
1804
1895

(128)
(135)
(127)
(131)
(147)
(141)
Jan. 1 to
April 30.
1890 (120)
1891 (133)
1892 (127)
1898 (126)
1894 (141)
1895 (136)

Gross Earnings.
Tear
Given.
$
51,667,593
52,987,612
56,406,367
56,001,070
49,151,915
52,497,911

Tear
Increase or
Preceding. Decrease.

Central of New Jersey.
Balt. & Ohio (2 rds.)___
Clev. Cin. Chic. & St. L.
Wabash..........................
Increase or Mexioan Central..........
N.Y. Lake Erie & West.
Decrease.
Grand Trunk.................
Northern Central..........
%
+1,948,884 Mexican International.
+524,574 Pittsb’rg&West.(3rds.)
—14,873 Chesapeake & O h io....
BaDgor & Aroostook. . .
+349,281 Denver & Rio Grande..
—8,038,272 Gr. Rap. & Ind. (4 rds.)
+1,560,543 Lake Erie & Western..
Atch. Top. & S.Fe (4rds)
Allegheny Valley..........
$
N.Y.
Susq. & Western..
+5,727,748
Flint & Pere Marq. . . . ..

Net Earnings.
Year
Given.

Tear
Preceding.
8

$
45,151.175
52,901,036
53,881,313
54,148,665
58,511,149
50,209,768

$
+0,516,418
+86,606
+3,025,054
+1,852,405
-9,359,204
+2,288,143

s
15,105,728
15,906,246
15,999,078
16,367,603
12,624,314
14,700,828

13,156,844
15,381,072
16,013,951
16,018,322
16,262,585
13,200,280

$
$
194,217,925 175,003,501
205,757,467 199,551.234
223,683,183 206,978,359
217,887,514 213,90 L.601
194,240.820 ¡230,428,811
202,912.185 197.863.4 29

$
+18,214,424
+0,206,238
+16,704,824
+8,925,910
—86,187,791
+5,048,756

$
55,878,208
59,753,935
63,441,438
60,159,839
61,781,515
56,656,852

$
50,150.400
50,859,623
59,620,979
63,326,925
61,919,941
63,087,790

+2,894,812
+3,920,459
—3,107,588
-10,138,420
+8,469,002

Last year we had to deal with a large list of very
extensive losses; the present year we have an array of
fair-sized gains, the one of course following from the
other. Thus in the gross the Pennsylvania (Eastern
and Western lines combined) has $669,541 increase,
the ^eadieg with the Coal & Iron Company $418,872
increase, the Northern Pacific $190,348 increase, the Il­
linois Central $113,059 increase, the Central of New Jer­
sey $107,019 increase, the Baltimore & Ohio $106,465
increase, the Cleveland Cincinnati Chicago & St. Louis
$99,859 increase, the Wabash $86,643 increase, &c.
Of course the gains as a rule are much smaller than
last year’s losses. We also have a few large losses the
present year, the sufferers being chiefly grain-carrying
roads or Southern roads. The St. Paul for instance
has fallen $203,051 behind, the Union Pacific $174,193
behind, the Quincy $157,502 behind, the Southern




107,019
106,465
99,859
86,643
74,336
67,874
07,018
66,523
63,107
57,722
52,125
46,636
46,002
45,734
40,375
38,325
36,695
36,280
36,159

1 The gross on Eastern lines 1
lines $228,085.

Balt. & Ohio Southw’n.
Southern Railway........
Western N. Y. & Penn..
Buff. Rooh. & Pitts.......

33,936
32,090
31.677
30,484

Total (representing
43 roads)............... $2,832,153
D a PPAAaAfi
Chic. Mil. & 8t. P aul....* $203,051
Union Pacific (6 rds.)..
174,193
Chic. Burl. & Quincy...
157,502
Southern Paciflo (6 rds.)
104,305
Oregon Impt. Co..........
71,768
Canadian Paciflo..........
55,850
Jacks’v. Tampa & K.W.
33,727
Total (representing
17 roads)............... $800,3 9 6
$44 L,456 and on Western

PRINCIPAL CHANGES IN

EARNINGS IN A P R I L .
Increases.
Northern Paciflo.......... $242,774 Pittsb. & West. (3 rds.)
$34,836
Illinois Central.............
153,591 Denver & Rio Grande..
31,932
Central of New Jersey.
136,047 Phila.A Read.and C.& I.
30,602
Mexican Central..........
132,675
Atch.Top.&S.Fe(4rds.)
117,125
Total (representing
Union Pacific (6 rds.)..
105.371
33 roads)...............$1,630,439
Canadian P a cific .......
86,840
Pennsylvania (3 rds.)t.
85,849
Wabash.........................
77,966 Southern Pacific (6 rds.) $129,124
Grand Trunk.................
77,934 LouDv. & Nashville___
57,420
N.Y. Lake Erie & West.
74,855 Summit Br. & Lyk. Val.
50,498
Southern R a ilw a y.......
70,269 Oregon Impt. C o ........
49,228
Balt. & Ohio (2 rd s.)....
52,051 Chic. Burl. & Quincy...
45,030
Mexican International.
47,196
Peoria & Eastern..........
37,331
Total (representing
Clev. Cin. Chic. & St. L.
35,195
11 roads)............... $331,800

i The net increased $113,579 on
on Western lines.

lines and decreased $27,730

When the roads are arranged in groups there are two
groups which record losses in gross, namely the North­
western and the Pacific, and two which have losses in
net, namely the Northwestern and the Southern.
Last year every group showed a loss in both gross and
net. The largest improvement is that for the Middle
Western group, where the net has been added to in the

TH E

J u n e t3 , 1895.1

CH R O N ICLE

sum of $286,532, or 31*44 per cent. For this, how­
ever, the Illinois Central is in the main responsible,
it having increased its net $153,591, or over 50 per
cent, though most of the other roads in the same sec­
tion also report increased net. For the trunk line
group the gain in net is 11*67 per cent, for the East­
ern and Middle group 14*64 per cent, for the South
western 15*67 per cent, and for the Pacific Coast 10*97
per cent. In all these cases and also in the case of the
Northwestern group and the Southern, which show
losses, there is considerable irregularity as between the
results of the different roads. Those who wish to see
how each road and system is doing should refer to our
full detailed statement given on pages 1099 to 1102, com­
prising every road from which it is possible to secure
monthly returns.
Section or
Group.

Gross Ear nings.
1895.

1894.

April.
$
$
Trunk lines..(13) 16,558,047 15,393,884
Anthra. co a l.(7)
4,946,211 4,373,566
East. St Mid. (16)
1,942,234 1,693,446
Mid. W est’n.(29) 4,074,856 3,658,310
Northwest’n..(8) 5,188,713 5,517,124
South west’n(17) 4,734,376 4,625,504
Pacific Coast(I8)
8,353,026 8,548,547
Southern... .(29)
5,285,317 5,129,536
1,416,131 1,269,851
M ex ica n ...... (!)
T ot. . ( l i l r ’ds)
Jan. 1 to Apr. 30
Trunk lines..(13)
Anthra. co a l.(7)
East. St Mid.(16)
Mid. W est’n.(28)
Northwest’n .(8)
South west’n .(16)
Pacific Coast (18)
Southern. ...(26)
M exican........ (4)

N et Earnings.
1895.
$
4,500,449
1,104,666
599,127
1,197,928
1,729,053
1,102,264
2,676,764
1,251,612
598,960

1894.
$
4,029,915
956,835
522,599
911,396
1,748,719
953,019
2,412,020
1,254,293
411,984

Inc. or Dec.
$
+470,534
+148,331
+76,528
+286,532
-19,666
+149,245
+264,744
—2,681
+186,976

P .C
11*67
15*51
14-64
31-44
1-12
15-67
10-97
0-21
45-38

52,497,911 60,209,768 14,760,823 13,200,280 +1,560,543 11-82
63,362,401
19,709,765
7,269,971
15,828,655
20,307,661
18,146,209
31,422,717
2J ,270,074
5,694,742

59,792,776 16,574,781 14,970,349 +1,604,432 10-72
17,004,599 4,324,735 3,350,266
+974,469 29-09
6,490,805 2,091,887 1,894,529
+197,358 10-42
14,825,606 4,639,826 3,918,049
+721,777 18-42
22,590,471 6,890,491 7,627,041
—736,560 966
17,832,974 4,515,829 3,852,408
+663,426 17-22
+326,139 8-82
32,053,392 8,871,019 8,544,880
—781,830 1108
22,132,700 6,272,505 7,064,335
6,140,106 2,375,779 1,875,938
+499,841 26-65

Tot.. (136 r’ds) 202,912.185 197.863,429 56.656.86t 53,087,790 +3,469,062
N o t e .—in c l u d e d

6*53

under the head of—

Trunk Lines.

Middle Western—(Con.)—
Pacific Coast—(Con.)—
B. St O., East o f Ohio.
Ind. 111. St Iowa.
R io Grande W estern.
.3
B. St O.. W est o f Ohio.
Iron Railway.
San. Fran. & North. Pac.
B . & O. Southwestern.
Kanawha St Michigan.
So. Pacific.—
Clev. Cin. Chic. St St. L. Lake Erie A ll. & So.
Gal. Har. St S. A.
Peoria & Eastern.
Lake Erie St W estern.
Louis. Western.
Grand Trunk o f Canada. Louisv. Evansv. St St. L.
Morgan’s La. St T.
Chic. & Gd. Trunk.
Louisv. N. A . St Chic.
N. Y. T ex. St Mex.
Detroit G r.H ar. St Mil. Manistiq ue.
Texas St New Orleans
N. V. Lake Erie & West’n. Ohio Southern.
Pacific System
Pennsylv, East o f P. St E. Peoria Dec. & Evansv.
Union Pacific—U. P. Ry.
W est o f Pitts. St Erie.* Pitta. Mar. & Chicago.!
Ore. Sh. L. St Utah JN>>r.
Pittsburg & Western.
Pitts. Youngs. & Ash.
St. Joseph &Gr. Island.
Wabash.
Sag. Tus. & Hur.
Kan. City St Omaha.
Anthracite Goal.
Sag Valley St St. Louis.
Central Branch.
Central o f New Jersey. St. L. Alt. & T . H.
A tch ’n Col. & Pac., Sto
N. Y. Ontario & W est.
Tol. A. A. & N. M.
¡Southern Roads.
N. Y . Susq. & W est.
Toledo St Ohio Central.
A tlanta & W est Point.
Tol. Peoria & W.
Phi la. St Reading.
Bir. St Atlantic.
Coal St Iron.
Northwestern.
Carolina Midland.
Summit Branch.
Burl. Cedar Rap. St Nor. Central o f Georgia.
Lykens Val. Coal.
Chic. Burl. & North.
Cheraw St Darlington.
Chic. Burl. & Quincy.
Eastern & Middle.
Chesapeake & Ohio.
Adirondack.
Chic. Mil. St St Paul.
Ohes. Ohio & Southwest.
Allegheny Valley.
Detroit & Mackinac.
Cin. St Ken. Southern.!
Bangor & A roostook.
Iowa Central
Gadsden St A ttala Un.
Bath & Ham m ondsport. Minn. St St. Louis.
Georgia.
Brooklyn E levated.
St. Paul & Duluth.
Ga. Southern & Fla.
Buff. R och. Sc, Pitts.
Southwestern.
G ulf St Chicago.
Camden St Atlantic.
Arkansas Midland.
J ack. Tampa St K. W .
Cumberland V alley.
A tch. Top. St Santa Fe.
Kan. City Mem. St Bir.
Jam estown St Lake Erie.
St. Louis St San Fran.
Louisville Sc Nashville.
Northern Central.
Atlantic & Pacific.
Louis. St. Louis St Tex.
Staten Island R. T.
Colorado Midland.
Macon St Birmingham.
Austin & N o’west.
Stony Clove & C. Mt
Memphis St Charleston.!
Crystal.
Ulster & Delaware.
Nash. Chat. St St. Louis.
West* Jersey St Branches. Denver Sc R io Gr.
Ohio River.
Ft. W orth St R io Gr.
W estern Md.
Ohio R iver & Chas.t
Western N. V. St Penn.
H ouston E. & W. Texas. Petersburg.
Middle Western.
Kan. C. Ft. S. & Mem.
R ich. Fred. St Pot.
Chic. & W est M ich.
R io Grande Southern.
Rich. & Petersburg.
San A nt. & A. Pass.
Cin. Jack. & Mack.
Sav. Am. St Mont.
Cin. Ports. & Virginia.
Stuttgart & Ark. R iv er.! Southern Railway
Cleveland A kron St Col. Tex. Sab. V. Sc Northw’n, W estern o f Alabama.
Clev. Canton & South’n. Un. Pac. Denv. St Gulf.
W est Va. C. St P.
W aco St No’ western.
Det. Lans. & Nor.
W rightsv. St Tennille.
Pacific Coast.
Elgin Joliet & Eastern.
Mexican Roads
Flint & Pere Marq.
Canadian Pacific.
Mexican Central.
Grand Rapids & Ind.
Nevada Central.
M exican International
Northern Pacific.
Illinois Central.
Mexican National.
Indiana
_____ Dec. St W .
Oregon Im provem ent Co Mexican Northern.
t We include these W estern lines in our table by taking an estimate fo r 1894
on which to base the increase or decrease reported fo r this year.
! For month only. _________________________________

1087

$1,272,376 gold and $1,939,347 silver, which compares with
$2,653,666 gold and $1,921,560 silver in 1893-94. The ship­
ments o f gold during May reached $8,013, almost all coin,
and the exports of silver have been $341,146 coin and
$771,193 bullion. For the eleven months the exports of gold
have been $652,229, against $1,183,308 in 1893-94, and $12.
511,479 silver has been sent out, against $11,757,565 in
1893-94. The. exhibit for May and the eleven months is as
follows :
IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.
GOLD.
MONTHS.

Coin.

Bullion

SILVER,

Total.

(Join,

$
48,376
83,769
42,660
567,475
70,550
101,105
82,884
26,903
43,737
110,979
93,938

$
47,956
227,130
11,758
136,282
36,807
2,446
6,893
1,502
990
257,696
11,348

1894-95.
J u ly .........
August___
September
O ctober...
November.
December.
January...
February..
March.......
April........
May.........

$
6,133
40,190
13,082
498,343
8,269
40,319
37,188
1,317
9,996
51,015
10,384

T*l. 11 mos

716.236 556,140 1,272,376

$
42,243
43,579
29,578
69,132
62,281
60,786
45,696
25,586
33,741
59,964
83,554

Bullion.
$
96,701
99,310
60,120
126,911
122,731
109,663
136,592
101,407
116,633
111,093
117,378

Total.
$
144,657
326,440
71,878
263,193
159,538
112,109
143,485
102,909
117,623
368,789
128,726

740,808 1,198,539ll,939,347

EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
GOLD.
MONTHS.

Coin.

Bull'n

1894-95.
July..........
August___
September
O ctober...
November.
December.
January. .
February..
March.......
A prii........
May..........

$
61,235
73,665
64,775
31,547
164,635
162,772
53,545
3,075
10,121
17,031
7,993

T*l. 11 mos

650,394 1,835

$
850
660
105
200
"2Ö

SILVER.

Total.
$
61,235
73,665
64,775
32,397
165,235
162,877
53,545
3,275
10,121
17,031
8,013

Coin.

Bullion.

Total.

$
$
$
417,601 583,070 1,000,671
575,763 747.800 1,323,563
808,130 436,100 1,244,280
507,972 824.800 1,332,77*
467,538 969,600 1,437,138
372,432 534,200
906,632
112,160 764,700
876,860
86,674 403,500
490,174
88,862 1,374,000 1,462,862
410,218 914,020 1,324,238
341,146 771,193 1,112,339

652,229 4,188,496J 8,322,983 12,511,479

GOLD AND SILVER PRODUCTION OF THE
WORLD I N 1894.
Mr. Robert E. Preston, Director of the United States Mint
Bureau, made public ©n Saturday last his compilations of the
world’s production of gold and silver for 1894, the details of
which are given below. The most interesting feature of the
figures is the decided increase in the amount o f gold mined.
From a total of $157,228,100 or 236,574 kilograms in 1898 the
product rose to $181,510,100 or 273,111 kilograms in 1894, an
increase o f 36,537 kilograms or over 15 per cent.
According to Mr. Preston’s advices, which our own returns
fully confirm, both Australasia and Africa now outstrip the
United States as gold producers, the former having increased
its output approximately $6,000,000 compared with 1893, while
Africa -has added more than $11,000,000 to its 1893 production.
Mr. Preston’s results for 1894 by countries make the follow­
ing comparison with the figures for 1893 as given in his report
for the fiscal year to June 30, 1894. W e have re-arranged the
figures so as to give the countries in the order of their promi­
nence as producers.
w o r l d ’ s g o l d p r o d u c t io n .

----------- 1894.-1893.Kilograms.
Dollars. Kilograms.
Dollars
Australasia................ .. 62,836
41,760,000
53,698
35,688,600
Afrioa..........................,. 60,703
40,346,000
44,096
29,305,800
United S ta tes.......... .. 59,434
39,500,000
54,100
35,955,000
R u ssia...................... . . 41,598
27,646,000
39,805
26,454,400
9,049
China.......................... ..
6,014,000
12,678
8,426,000
Mexico............. ........ ...
6,771
*4,500,000
1,964
1,305,300
British India___......
3,986,900
5,738
3,813,600
U. S. of Columbia.... .. 14,353
2,892,800
4,353
2,892,800
British G uiana........ ...
3,476
2,310,100
3,863
2,567,400
Brazil........................ ..
3,339
2,219,500
Î 1,303
869,200
Germany................... ...
3,315
2,203,100
2,255
1,498,900
Austria-Hungary___ .. 12,535
1,684,800
Î 2,260
1,502,000
French Guiana........ ..
1,502
2,000
1,329,200
998,200
Canada...................... ...
954,400
*1,395
1,436
927,200
Venezuela................ . .. Î 1,213
806,100
11,213
806,100
Dutch Guiana. . . . . . .
872
*1,074
713,800
579,500
Japan........................ .. **737
489,800
§728
484,000
Central America.....
246
163,500
708
470,500
IM PORTS AN D E X P O R TS OP GOLD A N D Corea..........................
834
587,900
467,200
Chili...........................
2,162
1464,400
1,436.600
SILV E R A T S A N FRANCISCO.
France.......................
1195
t279
185,300
129,700
*213
*213
141,600
141,600
The -Collector of Customs at San Francisco has furnished Uruguay....................
Ita ly ..........................
176
117,000
117,000
176
211
95,000
143
140,200
us this week the details of imports and exports of gold and Argentine Republic.
Peru............................
74,400
110
112
73,000
silver through that port for the month of May, and they Ecuador.....................
68,400
79
103
52,000'
Bolivia.......................
101
*
67,000
101
*67,000
are presented below, together with the figures for the pro Great Britain...........
64
99
65,800
42,300
62,500
ceding months, thus completing the results for the eleven Sweden...................
93
94
62,000
Turkey.......................
8,000
10
12
7,000

months of the fiseal year 1894-95. The imports o f gold were
somewhat less than in April the amount received reaching
$93,938, of which $10,384 was in coin; and o f silver there
came in $128,720, of which $117,378 was bullion. There
has been received during the eleven months a total of




Total.................... .. 273,111 181,510,100 236,574
* Estimate of Bureau of the Mint.
t Estimated same as officially communicated for 1893.
j Estimated same as officially communicated for 1892,
*51Product Imperial mines 1894; private mines 1892.
§Product Imperial mines 1893; private mines 1891.

157,228,100

1088

THE

CHEONICLE.

The foregoing results reduced to ounces at $20 6718 shows
the production of 1894 to have been 8,780,566 fine ounces
against 7,605,917 fine ounces in 1893. In the Chronicle of
February 2, 1895, our usual annual statement of the world’s
production of gold was given. W e then placed the aggregate
output of the world’s mines for 1894 at 8,820,227 fine ounces,
valued at $182,330,010. It is therefore clear that we were
very close to the actual result as indicated by Mr. Prestons’
total, although differing somewhat in the details.
The production of silver in 1894 was slightly greater than in
the preceding year, notwithstanding its depreciation in value.
T h e co in in g v a lu e o f the 1894 ou tp u t w as $214,481,100, w h ich
is an in crea se o f $5,316,100 ov e r 1893. T he details o f the p r o ­
d u ctio n o f 1894 a n d 1893 as g iv e n b y Mr. P reston are as
fo llo w s :
WORLD’ S SILVER PRODUCTION.

/------------- 1894.-------------,
Kilograms.
Dollars.
United States.___1,539,942
64,000,000
60,817,300
M exico............ 1,463,361
Bolivia................... 684,118
28,444,400
Australasia........... 562,263
23,367,700
G erm an y............ 193,151
8,027,300
P e r u ..................... 107,670
4,474,800
France................... *98,077
4,076,100
88,680
3,685,500
Ghili.......................
Spain.....................
63,605
2,643,400
Austria-HuDgary. *61,319
2,548,400
J a p a n ..............
t60,869
2,529,700
TJ. S. of Colombia. *52,511
2,182,400
Gent. Am. States.
48,123
12,000,000
Argentine Bep.
37,534
1,551,600
G reece............
35,436
1,472,700
1,200,500
Italy................ *28,885
Russia............. *10,117
420,500
G reat Britain.......... 7,932
329,700
Canada............
«7,734
321,400
Norw ay...........
4,705
195,500
■Sweden............
2,869
119,200
1,516
63,000
Turkey............
Ecuador...........
*240
10,000
Total...........5,160,757

214,481,100

,------------- 1893.--------------.
Kilograms.
Dollars.
l,8b6,595 77,575,705
1,3F0,116
26,507,000
372,666 15,488,000
637,8C0 26,507,GOO
198,270
8,240,100
59,257
2,462,700
92,700
3,852,600
54,899
2,281,600
62,632
2,603,000
55,082
2,289,200
57,978
2,409,600
52,511
2,182,400
48,123
12,000,000
22,026
915,400
2,025
84,200
28,885
1,200,500
10,117
420,500
7,886
327,700
a7,734
321,400 '
4,495
186,800
4,471
185,800 j
6,334
263,200
240
10,000
5,032,842 209,165,000

* Estimated same as officially communicated for 1893.
+
.<
«
“
«.
1887.
j Product of Imperial mines for 1894; private mines for 1892.
a Estimate of the Bureau of the Mint.

GOLD A N D S IL V E R M IN IN G I N
A USTRA LA S I A.

1894 I N

Melbourne, April 20,1895.
[From an Occasional Correspondent.]

Western Australia has afforded its boom and collapse for
the London market just as Queensland did years ago. “ Bayley’s Reward Co.” ran well for a long time, and seemed to
justify the high market valuation, but the serious degenera tion of the reef has left Western Australia without a gold
mine of the firet grade. The “ Wealth of Nations” mine was
sensational. As suddenly as the gold was found it disap­
peared. The claim was that though the reefs yielded niggardly in quartz the quartz was very rich in gold, giving
promise of a large and quick return to the investor. But all
this was worse than empty wind to the man who bought the
prospects and attempted to realize on his purchase. Then
the “ Londonderry ” came to outdo all previous sensations,
The site of the find became a holy place to be walled around
and sealed up. Out of it had been taken golden thousands ;
the prospect of millions to come was banked on in London,
and the buyers were reckoned lucky men. London bought
and paid ; then they opened the holy place again, and behold I
it was as worthless as the “ Wealth of Nations.”
The total export from “ W estralia” to the end of 1894 was
nearly £1,730,000 sterling (say $8,650,000)—the 1894 yield
being 207,131 ounces, against 110,890 ounces in 1893.
These figures are in themselves cheerful enough but they
afford no satisfaction for those who expected “ Westralia” to be
a second “ Victoria” or “ California.” But though the sensations
of the past have been delusive it cannot be denied that good
work is being done. In the operation the money world has
learned that the Westralian mines cannot bear the burden of
vendors’ exorbitant demands.
As for Australia generally it was obvious early in the year
that 1894 would outstrip 1893. The completed returns, accord­
ing to the Mining department figures, are below.
1894.
Province—
Ounces.
New South Wales............................. 324,787
New Zealand..................................... 221,533
Queensland.........................
675,000
South A ustralia.............................
35,844
Tasmania...........................
57,873
Victoria.....................................
673,680
Western Australia........................ J 207,131
Total o u n ce s ....:....................... 2,195,848
* Decrease.




1893.
In c.for’ 94.
Ounces.
Ounces.
179,288
145,499
226,811
*5,278
616,940
58,060
33,820
2,024
37,687
20,186
671,126
2,554
110,890
96,241
1,876,562

fVoL. LX.

The result is 2,195,848 ounces gross, or 2,020,180 ounces fine
in 1894, against 1,876,562 gross ounces and 1,711,893 fine
ounces in 1893. In only one instance, New Zealand, has
there been a decrease. The New South Wales increase is es­
pecially noticeable. It is the result of general mining activity
and not the opening up of new fields. The severe financial
stress of late years has driven men afield to get out of the
earth itself what they can’t get out of trade. This is un­
doubtedly the case with Victoria as well. The detailed sta­
tistics for Victoria show considerable falling off in “ reefing ’
and considerable increase in “ alluvial.” The net result is a
trifling increase.
Queensland, according to the official figures, heads Austra­
lia for 1894, with 675,000 ounces. It should, however, be e x ­
pressly stated that the Mint Returns and the Mining Depart­
ment returns for Victoria differ widely. The Mint professes
to have coined 721,014 ounces of Victorian gold—a difference
of 47,334 ounces, For several years the Mint has coined con­
siderably more gold than the officially “ estimated” produc­
tion.
Other Mint statistics of gold coinage are as follows :
Gross weight of gold received.....................

Sydney.
Ounces.
869,782

Melbourne.
Ounces.
1,061,523
£
4,166,874
1,113

£

Gold coin issued.............................................. 3,067,000
Gold coin melted............................................
66,800

Silver product for New South Wales is estimated as usual
by the amount exported :
Silver ingots..................................................... 667,029
Silver in matte................................................... 179,793
Silver lead......................................................... 850,262
Silver ore........................................
2,756,268

oz.
oz.
owt.
owt.

£72.«40
21,310
1,543,213
652,126

In 1893 the silver in ingots and matte amounted to 531,972 oz., against 846,822 oz. shown above, showing an increase
of 314,850 oz. for 1894. The weight of silver lead and ore
shows a serious falling off, and the drop in gross values is of
course still more serious.
Tons.
...................................................................214,260
................................................................... 180,326

Value.
£2,953,589
2,195,339

Decrease.............................................................. 33,934

£758,250

1893
1894

The following amounts must be included in the Austral­
asian silver production.
Silver.
{j'l/'M/»/» e
New Zealand........................................................................................ 54,17 7
Queensland......................................................................................... 163,410
Victoria................................................................................................. 50,909
Tasmania 20,572 tons of silver lead and ore.

An extraordinary feature consequent on and immediately
precedent to the memorable crisis here in 1893 is the “ disap­
pearance” of gold coin. If we place on one hand the amount
coined and the amount imported into Victoria, and on the
other hand the amount melted, accounted for by increased
bank reserves, and exported from Victoria, there is a large
difference which, it is admitted by all authorities, must be
accounted for to a large extent by private hoards.
1892
1893
1894

Coined and
imported.
.......................... £3,488,760
..........................
4,773,964
..........................
4,184,274

Exported, <£c.
£1,845,431
2,755,764
3,762,377

Balance.
£1,643,329
2,018,2C0
421,897

£8,363,572

£4,083,426

£12,446,998

There is an average normal annual “ disappearance” of £350,000 according to the 1873-1888 figures; so that £3,300,000 has
to be accounted for, and it seems obvious that not less than
£2,000,000 has remained for over a year hoarded by a popula­
tion of 1,120,000. At the present moment people iD Melbourne
are talking rather more cheerfully. London is at present re­
garding Australian stocks very favorably. It is also expected
that the consolidation and conversion of the public debt will
be made at no distant date. The Au3tralasi an Public Debt
proper amounts to about £205,000,000, on which the average
rate of interest is nearly 4 per cent. A reduction to 3 ^ per
cent would mean nearly £1,000,000 per annum saving. A
reduction to 3J^ per cent would mean about £1,500,000 per
annum.

IMPORTS, EXPORTS AND
FOR MAY.

IMMIGRATION

The Bureau of Statistics has issued a detailed statement of
the foreign commerce and immigration of the country for the
319,286 month of May, 1895 and 1894, and for the eleven months
ending May 31 in 1894-95 and 1893-94, as follows ;

TH E

June 22, 1895. |
MERCHANDISE.

11 mos. end. May 31.
May.
$739,651,937
1894-95.—Exports—Domestic.............$62,729,625
12,912,155
Foreign...... ........
1,531,311
Total........................................$64,260,936
Imports—Free of duty______ $30,772,38 L
Dutiable.................... 35,250,619

$752,564,092
$332,419,4 L7
337,816,547

Total........................................$66,023,0C0

$670,235,964

$32,328,128
Excess o f exports.................................. _ ............
Excess of imports................................. $1,762,064
$813,402,587
1893-94.—Exports—Domestic.............. $58,903,515
Foreign..................................... 2,094,169 21,002,135
Total........................................$60,997,684
Imports—Free of duty............. $19,071,007
Dutiable.................... 23,089,345
Total.......................................$56,160,352
Excess of exports................................. $4,837,332

$834,404,722
$342,676,641
253,819,566

$416,756
4,860,926

The stocks cleared now are American Cotton Oil com m cr,
American Sugar common, American Tobacco^ common, Atch­
ison, Central of N. J., Chesapeake &Ohio, Chicago Burlington
& Quincy, Chicago Gas, Chicago Milwaukee Sc St. Paul com ­
mon, Chicago & Northwestern common, Chicago Rock Island
Sc Pacific. Delawaia & Hudson, Delaware Lackawanna Sc
Western, Distilling & Cattle Feeiding, General Electric, Lake
Shore & Michigan Southern, Louisville & Nashville, Manhat­
tan, Missouri Kansas Sc Texas preferred, Missouri Pacific, New
York Central, New York L. E. & West., New York & New
England, New York Ont. &W est., North. Pac. pref., National
Lead common, Phila. & Read,, SouthernRy. common and pre­
ferred, Texas & Pacific, Un. Pac., U. S. Cordage common
and preferred, United States Leather common and preferred,
Wabash common and preferred and Western Union.

$596,496,20’!
$237,908,515
[From our own correspondents

GOLD COIN AND BULLION.

1894-95.—Exports........ .........................
Imports........ ......................

1089

CHRONICLE!

$64,831,227
33,056,005

L ondon, Saturday, June 8, 1895.
There is scarcely any change to report in the money market.
$31,775,222
Excess of exports.........................................................
If anything rates are lower and there is greater difficulty in
Excess of imports ................................. $4,444,170
$53,697,841 employing surplus funds.
1893-94.—Exports................................... $27,406,801
71,545,771
Imports................ .
.....
4,282,743
The silver market has been less firm during the week and
Excess of exports..............................
$23,124,058
the price is slightly lower, fluctuating around 30^d, per
$17,847,930
Excess of imports.........................................................
ounce. The Eastern exchanges are likewise weaker, and the
GOLD IN ORE.
India Council, which offered on Wednesday, as usual, 60 lakhs
$330,681
1894-95.—Exports
1,029,476 of rupees in bills and telegraphic transfers, sold only about
190,090
Imports..
$698,795 three-fourths of the amount offered, and the price was rather
$190,090
Excess of imports .. .................. ..........
$1,623
$17,069 lower. Partly this was due to the large purchases of Council
1893-94.—Exports .. ................ ............
460,135
69,1.67
Im ports.. .............................
drafts the week before. In Bombay there is an exceptionally
$57,544
$443,066 large quantity of wheat, cotton and other produce at the
Excess of imports . . ........................
SILVER COIN AND BULLION.
present time held on borrowed money, as at existing Euro­
$44,311,446 pean prices the natives are unwilling to sell. In consequence
1894-95.—Exports.. ............................... $5,727,041
742,845
8,579,471
Im ports.. ........... ..................
there has for the last month or so been a very considerable
$35,731,975
Excess of exports...
This week, however, the
$47,069,221 demand for money in Bombay.
1893-94.—E xports.. ............................... $3,769,379
775,202
12,510,949 demand seems to be nearly supplied, and consequently the
H Imports.. .............................
purchases of Council drafts have decidedly fallen off. Above
$34,558,272
$2,994,177
Excess of exports... ....................... .
all, the delay in bringing out the Chinese indemnity loan is
SILVER IN ORE.
$31,827 affecting the silver market and the Eastern exchanges.
1894-95.—Exports..
9,401,084
Imports.. .. .......................... $1,009,469
Early in the week telegrams from St. Petersburg caused
$9,369,257 some uneasiness, as they represented that there was much
Excess of im ports.. .............................. $1,009,469
«$214,294 dissatisfaction in Government circles there at the way in
«$44,276
1893-94.—Exports. ..............................
583,208
6,254,568
Imports. ..............................
which Japan is spinning out the negotiations, and threats
$538,932
$6,040,274
Excess of im ports.. .............................
were uttered that Russia will not long put up with this con­
IMMIGRATION.
Number.
Number. duct. Since then, however, it is reported that the Russian
29,064
137,808 Government has come to an understanding with the Chinese
1 8 9 4 -9 5 .-M a le s ... ...............................
20,080
104,957
Females. ...............................
Government to the effect that the former will lend China
242,765
Total..................
about 16 millions sterling for twenty years at a rate of interest
19,660
1893-94.—Males__ ..................... .........
171,247 variously represented to be 4 per cent or 5 per cent. The rate
13,624
116,981
Females. ..............................
really will be 4 per cent. It is said that Russia is to receive
33,284
288,228 immediately no political advantage, but it is commonly be­
Total.................. ..............................
a. Gold and silver.
lieved that if the loan is not repaid a Pacific port will be ceded
by China to Russia. The loan, it is further stated, will be
brought out in Paris and mainly on the strength of the Rus­
Stock E xchange Clearing -H ouse T ransactions, — The
sian guarantee.
subjoined statement includes the transactions of the Stock
During the week business in the city has been exceedingly
Exchange Clearing-House from June 10 down to and including
slack. Monday was a Bank Holiday, and on Thursday traffic
Friday, June 31; also the aggregates from January to May,
in the city was much interrupted by the visit of the Afghan
inclusive, in 1895, 1894 and 1893.
Prince, now sojourning in this country, to the Lord Mayor,
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
The weather is beautifully fine, and many of those who went
,— Shares, both sides.—> ,-------Balances, one side.------- >Sheets
away for Whitsuntide have not yet returned. It is expected,
Cleared. Total Value. Shares. Value Shares. Cash. Cleared
however, that next week there will be a decided revival of
1894—
$
$
$
1,354,000
January... 18.863.000 1,088,000,000
09.100.000 2,041,000
6,839 business. The fortnightly settlement will then come round,
1,035,400
784.800.000
56.200.000 1.396.900
February. 13,847,d00
5.598
1.452.100
March....... 10,912,900 1.070.441.000
81.800.000 1,928,700
0,581 and the general impression on the Stock Exchange is that the
868.700.000
1,384,300
A pril . . . . . 14.728.000
77.200.000 1.418.900
6,401
1.551.100
91.700.000 1,938,500
6,689 “ b u ll” account has been so greatly reduced that confidence
May.......... 19,140,800 1.200.300.000
0,776,900 370,000,000 8,724,000 32,108 will at once revive.
5 mos .. 81,992,300 5,018,841,000
In the South African department French
1 8 9 5 -:
890.200.000
1,091,000
63.700.000 1,483.100
January... 13,593.500
6,434 investors are once more buying; but little has been done dur­
762.100.000
997,500
6,515
55,000,000 1,133,500
February.. 12,030,600
1,493,600
19,057,700 1.207.500.000
85.400.000 1,920,400
6,540 ing the week here at home and prices are rather lo wer. In
March.
1,710,500
A pril........ 16,799 200 1.001.800.000
6,431 the British railway department, in spite of the fine weather
94.500.000 1,399,300
3,151,900 162,900,000 2,157,200
7,391
M ay......... 28,240,100 1,603,400,000
8,444,500 461,500,000 8,099,500 32,314 and the large holiday traffics, markets are d u ll; but the prices
5 m os... 88,701,100 5,474,000,000
of first-class securities are still rising.
-Shares, both suies.—
------- Balances, one side----- Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Cleared.
Consols more particularly have been higher this week than
$
$
9
JuneLO. 984,000 61,400,000 112,100 5,600,000 65,400
337 ever before. They are quoted on the Stock Exchange ex62,100 3,500,000 29,500
“ 11. 481,000 3I.L00.000
297 dividend, although the dividend will not actually be paid till
“ 12. 887,200 62,100,000 100,000 6,200,000 91,200
323
341 the beginning of next month, and they have changed hands at
“ 13. 1,143,100 72,700,000 129,500 7,500,000 7 ¿,900
« 14. 1,147,500 73,700,000 126,400 7,200,000 95,o00
341
106 and even higher. The Continental bourses are likewise
Tot. wk. .4,642,800 301,000,000 530,100 30,000,000 354,600 1,639 dull, partly owing to the settlement in Paris at the beginning
Wklastyr3,525,700 241,000,000 297,100 19,100,000 468.000 1,497 of the month, but chiefly to the growing difficulties of Spain
344
J uqc17. .1,255,800 86,400,000 136,900 8,700,000 130,000
326 in Cuba. Marshal Martinez Campos has asked for further re­
“ 18. 838,600 50.500,000 109,200 5,900,000 53,900
330 inforcements, and ten battalions‘ have been ordered to start
« 19 . 855,600 44,400,000 112,400 5,¡00,000 46,200
92,500 4,900,000 74,200
734,000 47,200,000
316
“ 20
98,800 6,400,000 71,700
315 without delay. The finances of Spain were previously in an
“ 21. 908,700 67,300,000
Tot. wk. .4,542,700 295,800,000 549,300 31,000,000 376,000 1,631 almost desperate state, and the large additional expenditure
Wklastyr2,509,700 148,200,000 245,700 12,900,000 252,800 1,389 now is „causing much^apprehension in^ Paris, where. SDanish




1090

TH E

CHRONICLE.

[V

ol.

LX.

securities are held on an immense scale. The internal condi-1 The Bank rate of discount and open market rates at the
tion of Austria-Hungary is likewise a cause of anxiety ; and chief Continental cities now and for the previous three week!
BO, of course, is the intervention of Russia, France and Ger- j have been as follows :
many in the Far East, as well as the refusal of the Turkish
June 7.
May 81.
May 24.
Government to make the reforms in Armenia recommended
May 17.
Rates o f
by the Powers.
Interest at
Bank
Open Bank
Open Bank
Op*v
Ban A
R a te. Market R a te. Market R ate. Markt 1 Bate Market
On the other hand a more favorable view is taken of Italian
2
affairs. The Government at the recent elections has obtained Paris— ......
2
2
1«
2
I 34
8
3
m
1%
3
an immense majority, and it is hoped now that Signor Crispi Berlin................ S
m
134
8
Hamburg
8
m
3
m
3
m
134
and Senor Somsina will be able to carry out their financial re­ Frankfort.
3
8
m
3
m
3
134
forms, The reports from Russia, too, are favorable, an
Amsterdam
2%
2%
2%
m
234
134
Brussels
2%
m
2%
m
2%
Imperial Bank of Russia has announced that it is prepar____
134
334
134
Vienna.
4
4
3H
3Ji
4
4
334
334
future to buy and sell gold at prices to be fixed from time to St. Petersburg
0
0
5%
5%
0
5%
0
534
5
5
time. The news from South America is likewise better. The Madrid
6
6
5
5
5
3%
3%
3%
3%
3%
334
334
premium on gold at Buenos Ayres is steadily falling, which Copenhagen..
334
seems to indicate a revival of confidence; and the Argentine I Messrs* Pixl®y & Abell write as follows under date of
railway traffics are growing decidedly better week by week. I June 6 :
to Brazil, too, there are sign, of improvement everywhere; be™ t
t
ê
havl
and this week a Chilian loan for 2 millions sterlings, bearing I ing- ■Du.rllig the week tlie Bank has purchased £ 156,000 in bars and
« * per oent interest, has been brought ont by the M ess«.
Rothschild. It is intended to complete the resumption of
iffS j
specie payments, and the prospects of the country generally ™an.d for the East the market fell to 30», «d. and yesterday to 307 d
are decidedly looking brighter.
Iw
L aI lW i!Î Î
?£*oe14j?
with very little do£ $ 5 100riVal8 f i ° m N6W York’ £15°.500. Shipments to Bombay,
The American market has shared in the general dullness.
Dollars—There have been a few dealings in Mexican dollars
The announcement that application is to be made to the £603780d* Arrlval8: MexlC0< *¿5 .0 0 0 ; New York, £5,780; total,
courts for a foreclosure order in the case of the Erie Company
The quotations for bullion are reported as follows :
has unfavorably affected the markets, and generally there is
GOLD.
a less confident feeling than there was. Still, there is a fair
S IL V E R .
London Standard. June 6. May 30.
London Standard. June 6 . May 30.
amount of investment in good bonds, and the larger operators
8, d.
8, d.
d.
are reasonably well supporting the market. The general pub­ Bar g o ld ,fin e ....o z . 77
9
77 9
Bar silver, fine. ..oz.
3111-16
lic, however, still holds aloof. The reports issued by the sev­ tsar gold, partlng.oz 77 934 77 934 Bar silver, contain* 3034
78 8
eral reconstructed Australian banks recently are now arriving Span, doubloons, o z . 73 8
ing 6 grs. gold ..oz. 30%
31 1-10
9. 8. gold ootn. ...oz.
76
334 Cake silv er..........oz.
33%
33%
in this country, and are making a bad impression. Two of German g o l d o o in .o z 76 334 76
434 76 434 Mexican dollars..oz. 30%
30%
the banks already announce that they are unable to pay the
per cent on their deposits agreed to at the time of the re­
constructions, and that they will have to apply to the deposi United Kingdom during the first forty weeks of the
tors for a reduction o f the rate.
season compared with previous seasons :
Superficially our foreign trade in May appears to have been
IMPOSTS.
1894-5
1893-4.
better than in May last year, but in view of Whitsuntide hav­ ,
1892-3.
1891-2.
imports o f wheat.cwt.54,298.866 47.113.768 46,156,554 50,531,916
ing last year fallen in May, and this year having come in Barley.................
20,767,244 25,447,706 13,613,301
14,890,528
10,999,527
9.977,241 10,225,925 11,022,098
J une, there has been no real improvement. Our imports for Oats............................
P e a s ........................... 1,850,469
1,923,673
1,754,538
2,229,996
thé month increased £618,000, or not quite 2 per cent, and our Beans.......................... 3,408,892 4.022,324 3.295,664 2,983,364
Indian com ................ 19,583,714 27,320,074 23,995,191 21,695,590
exports were £860,000 larger, or nearly 5 per cent.
Fiour........................... 15,209,560 14.807.572 16,058,991 15,410,604
The imports since January 1st have been as follows:
Supplies available for consumption (exclusive of stocks on
September 1):
1895.
1894.
Difference.
Im posts.

&

January........
February___
March............
April.................
May...................

36,753,068
28,134,489
35,980,590
34,341,358
34,752,086

5 months.... 169,816,204

£

£

Per Ot

38,458,613
33,984,085
35,327,037
35,015,781
34,134,060

—1,705,545
—5,849,596
+653,553
-674,423
+618,026

-4 -4 3
—17-21
+ 1-85
-1 -9 1
+1-87

176,792,296

—6,976,092

—3-94

The exports since January 1st have been as follows :
E xports,

1895.
&

January......... 18,224,236
February....... 15,968,395
March............... 18,523,030
April................ 17,252,311
May................... 18,344,744
5 m on th s...

88,317,416

1894.

£

18,151,880
17,679,449
18,098,903
17,559,876
17,484,212

Difference.

Per Ot.

+72,356
—1,711,054
+424,127
—307,565
+860,532

+0-39
—9 67
+2-34
-1 -7 5
+4-92

£

1894-5.
1893-4.
1892-3.
1891-2
Wheat imported.cwt.54,298, 866 47.113.768 46,156,554 50,531,916
Imports of flour........ 15,2u9,560 14.807.572 16,058,991 15,410,604
Sales of home-grown. 17,652,381 18,273,012 22,000,943 26,086,162
T ota l............ .....8 7 ,1 6 0 ,80 7 80,194,352 84,216,493 92,028,682
1894-5,
1893-4.
1892-3.
1891 2.
Aver, price wheat week.24s, 5d.
23s. l i d .
27s. 5d.
30s 8 d .
Average price, season..20s. 5d.
25s. 9d.
26s. 8d.
34s.__6d

The following shows the quantities of wheat, flour and
maize afloat to tAe United. Kingdom ;
„„
,
This meek. Last week,
........ •<lrs- 3,572,000
3,597,000
Flour, equal to qrs.
2^3.000
271.000
M aize.... . . . . . . . . qrs.
335,000
310,000

1894.
3,480,000
346.000
490,000

1893
3,488 000
381,000
457,000

JEnglisJh F in a n c ia l «lancets—p er Cable.

Tbe daily closing quotations for securities. & c„ at London
The re-exports of foreign and colonial produce since January I^ reP°rted bY cable as follows for the week ending June 31:
1st show the following contrast:
London.
1895.
R e -e x p o r t s .

£

January........
3,887,258
February . . . . .
4,407,«24
March................
4,846,599
April..................
6,608,362
May....................
5,215,785
5 months. . .

24,965,581

88,974,320

-656,904

—0 73

Difference.

Per Ot

4,346.643
5,051,720
5,342,886
4,810,362
4,904,108

—459,385
—b43,896
—496,287
+ 1,797,753
+311,677

—10-56
—12-74

24,455,719

+509,862

+2-08

1894.

£

£

—9 -2 9

+37-37
+6-35

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1895.
1894,
1893.
1892,
June 6.
June 6.
June 7.
June 8.
£
£
A
£
Circulation.................................... . 26,085,835 24,971,255 20,536.065 26.079,895
Public deposits............................
8,660,939
8,70 >,149.
7,084,500
6,745,461
Other deposits............................. 35,782,730 38,525,014
30,039,388 29,241,470
Bovernment securities.............. 13,921,202
9,891,335 11,208,017 11,255,920
Other secu rities...,..................... 20,543,088 20.249,435 28,438,839 26,104,487
Reserve o f notes and coin.......... 27,780,041 28,889,335 17,399,358 16,461,442
Coin & bullion, both departm’ts 37,031,876 37,000,590 27,435,423 20,091,337
Prop, reserve to liabilities, .p. c.
62 3-10
09 11-16
40 9-10
45%
Bank rate................ . ...per cent.
2
2
*3
2
Consols. 29i per cen t...................
100 X d
101% X d
99 1-10 X d
96 9-10
Silver.............................................. 3034d.
28%d.
38%d.
41%d.
Clearing-House returns............ 108,901,000 123,812,000 126,953,000 95,676,000
* June 8.




Sat.
Mon.
Tues.
Sliver, per o z........ ......d. 30%
30%
30%
Consols, new, 2% p. ots. 1067,6 1u67i6 1067,6
For account................ 106»|6 106»] < 106%
Fr’ oh rentes (inParis)fr. 02-671* 102-05 0207%
Atch. Top. <fe 8. Fe........ 103s
10%
10%
Canadian Pacitie............ 55
55%
55
Chesapeake & Ohio....... 23^4
23%
23%
Chic. Milw. & 8t. Paul.. 695s
70%
70%
Illinois Central____. . . .
961* 98% 9 8%
Lake Shore.................. . 151
151%
Louisville <feNashville.. 59%
60%
60%
I Mexican Central 4s.
67
67
67
N. Y. Central & Hudson 104% 105
104%
N. Y. Lake Erie & West. 11
11%
10%
2d consols.. . . . . . . . . . . . 69 r*
69%
69%
Norfolk & West’n, pref.
Northern Pacltto, pref.. 18%
18
Pennsylvania................. 5438
54%
54%
Phil. & Read., per share
93s
8%
8%
Southern Ry., o o m ...... 14%
14%
14%
do
pref’d . . . . . ___ 42%
42%
42%
Union Pacific................. 13%
13%
13%
Wabash, p r e f . . . . . . ........| 20

Wed.

Thurs.

Fri.

30%
30%
30%
1067l8 IO6&1ft
1067,* 106% 1063s
102-10 10220 102 20
10%
10%
10%
54%
54%
54%
23%
23%
23%
69%
69
69%
9b %
98%
98%
60%
67%
104%
10%
69

59%
67%
104%
lO%
69

17%
54%
8%
13%
42%
13%
21

17
54%
878
14%
42%
13%

59%
104%
10%
69
17%
54%
9%
14%
42%
13%
21

d om m erctal and amaceHaixequB
I m po rt s a n d E x p o r t s f o r t h e w e e k . — The following are
the imports at New York for the week ending for dry goods
June 13 and for the week ending for general merchandise
dune 14; also totals since the beginning of the first week in
January.

TH E

June 22, 1895.]
FOREIGN IMPORTS AT NEW FO RK

For Week.

1893

1892.

Dry Goods.......
Gen’lm er’dise.i

$1,923,059
7,331,278

$9,254,337
Total..........
Since Jan. 1.
Dry Goods...... $57,564,888
Gen’l mer’dise. 207,102,102

1895.

1894.

$1,615,145
8,331,549

$969,836
6,406,253

$1,803,973
7,526,952

$9,946,694

$7,376,089

$9,330,925

$69,643,494 $39,783,728 $70,044,377
236,089,674 162,608,030 171,733,255

Total 24 weeks $264,666,990 $305,733,168 $202,396,758 $241,777,632

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending June 18 and from January 1 to date :

F orth « week..
Prev. reported.

1894

1893.

$8,306,673¡ $7,441,345
183,013,744' 154,011,783

1895

$7,149,575
$6,446,940
167,378,871 151,316,561

Total 24 weeks. $191,320,417 $161,453,128 $173,825,811 $158,466,136

The following table shows the exports and imports of specie
at the port of New York for the week ending June 15 and
since January 1, 1895, and for the c »rrespon ling periods in
1894 and 1893:
EXPORTS AND IMPORTS OF SPECIE AT N EW FO RK .

Imports

Exports.
Gold

Week.

Week.

Since J an.l.

$11,089 $8,099,768
11,916,400
5,774,286
7,485,221
South America..........
Allother countries..
Total 1895.........
Total 1894..........
Total 18P3 ........
Silver,
Great Britain............
West Indies...............
M exico...... ................
South America ........
▲ other countries..
Total 1895..........
Total 1894..........
Total 1893..........

20,000

882',354
261,483

$31,089 $34,419,517
2,305,000 56,690,833
14,817 68,659.435
Exports.
-------------Week.
Since J an.l.

iSince Jan. i

$13,568,380
4,603,988
1,527,166
$19,110
155,519
6,850
25,871
5,573
214,187
58,170
$31,533 $20,153,311
13,571
9,230,002
111,746
5,316,457
Imports.
Week.

Since Jan. \.

$768,056 $14,931,858

$8,516

12,935
99,932
399
544,142
18,317

4,863
1,964
80,189
2,004

$49,246
3,364
3,809
149.938
286,939
305,352
15,555

$818,580 $15,607,583
366,596 16,818,591
807,845 13,451,129

$97,536
53,407
70,679

$814.203
710,968
2,053,870

484
49,000
1,040

gold bonds. The assessed valuation of Dallas is $22,000,000,
and its total debt, less sinking funds, is $1,482,924. S je fu r­
ther particulars in advertisement in our municipal depart­
ment.
—The St. Paul Minneapolis Sc Manitoba RR. Co. gives n otice that it will exchange its first mortgage sevens, either
called or uncalled, for its consolidated
per cents, and
on bonds so exchanged they will pay a premium of 5 per
cent in cash and adjust interest to date.
—Mr. F. J. Lisman, 10 Wall Street, announces that he is
prepared to trade in the different issues of the Southern Paci­
fic System and in any other inactive railroad bonds.
—The Knickerbocker Trust Company has declared the reg­
ular semi-annual dividend of 8 per cent, payable July 1.
City Railroad Securities—Brokers’ Quotations.

EXPORTS FROM NEW F O RK FO R THE WEEK

1892.

1091

CHRONICLE.

Bid.

.

Ask.

Atlan. A ve ., B ’k lvn—
Con. 5s, g., 1 9 3 1 ..A & O 107 110
Im pt. 5s, g., 1934.. J&J
85
31
Bleek. St. & F u i.F .—Stk.
29
ls t mort., 7s, 1900. J& J §110*9 112*3
201
B’ way & 7th A v e .—Stock, 198
l s t m ort., 5s, 1904. J& D §106 *3 108 *a
2d m ort., 5s, 191 4 .J& J §109 112
B ’w ay lst,5 é,gu a r.l9 2 4 §112
2d 5s,int.as rent’ 1.1905 §104*4 106 *3
Consôi. 5s, 1 94 3 ...J & D 112
112*8
B rooklyn City—S to ck .... 177** 178
. . ... .
Consôi. 5s, 1 9 4 1 ...J& J 114
B kiyn.C rosst’n 5 s. 1908 105
B kl’n.Q’nsC o.& S u b.lst §102
Bklyn.C.& N ’ w t’w n—Stk 200
5s, 1939........................... 108 >3 109
B rooklyn T raction...........
17 H» 18
62*3 64
P re të rre d .......................
Central Crosstown—Stk. 185 200
ls t M., 6s, 1922..,M & N §118
Cen.Pk. N .& E .R ir.—Stk. 165 167
Consol. 7s, 190 2 ...J & D §114
Christ’p ’r & 1Oth S t —Stk. 150 155*
l s t m ort. 1898 ...A & O 1 105 108

Bid.

Aik.

Columbus & 9th A ve. 5s. §108*4 1091«
D. D. E. B. & Bat’y —Stk. 176 1761*
1st, gold, 5s, 1932.J&D 114 Si 116
Scrip........................ §104
Eighth A venu e—S to c k ... 325
Scrip, 6s, x 9 1 4 .............. 103
42d & Gr. S t F er.—Stock 305 315
601«
56
42d St.& M a n .& S tN . A v.
1st m o r t 6s, 1910.M&S §115 116
56
58
2d m o rtin co m e 6s. J&J
13*8
13
Long Island T ra ction —
L e s.A ve .& P a v.F e rry 5s. § 10 - *4 108*«
99 100
M etropolitan T ra ctio n ...
Ninth A venu e—S to c k ... 150 155
155
Second A venue—S to c k .. 151
1st m o rt,5 s ,1909.M & N 108 1091*
D ebenture 5s, 190». J & J 103 104*«
¡Sixth A venu e—S to c ir .... •¿14*2 217*«
1Third A venu e—S to c k .. . 180 181
i l s t m ort., 6s, 1937. J & J 119
Twenty-Third St.—St’ k . 300 . . . . . .
| Deb. 5s, 1903................. 100 105
¡U nion R y—S t o c k ............ 104
l s t 5s. 1 9 4 2 ..................... §104*3 106
1 W estch est’r, lst,gn.,5s. § 99 102

§ And accrued interest.

Gas Securities—Brokers’ Quotations.
Bid. A sk.
B rooklyn Gas-Light........ 130
Central................................ 140
90
Consumers’ (Jersey City). 85
Bonds............................ 100
Citizens’ (Brooklyn)........ 65
Jersey City & Hoboken.. 180 200
Metropolitan—Bonds....... 108
Mutual (N. Y ................... 170 175
Nassau (Brooklyn)......... 220
Scrip............................. 100
N. Y. & East Riv. 1st 5s.. 95*9 96*4
56
58
Preferred . . . . . __
Comm on____... . . . .
31
33
80
79
Consol. 5s.............

Bid.

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

90
170
175
205
105
175
105
196
106
11*8
67
Common................. .
65 S.
W estern G a s ...................
Bonds, 5 s . . . . . . . . . . . . . . . . §93

People’ s (B rook lyn )..........
Peoples’ (Jersey C ity )—
M etropolitan (B rook lyn ).
W illiam sburg___ ________
1st 6s..................................
Fulton Municipal............
Bonds, 6 s ................ .......
Equitable...... . .............

A sk.

......
108

... •

198*9

110

69*9
67*«
95

§ And accrued interest.

Of the above imports for the week in 1895 $13,285 were
A uction Sales.—Among other securities the following, not
American gold coin and $191 American silver coin. Of the regularly dealt in at the Board, were recently sold at auction:
exports during the same time $20,000 were American gold
By Messrs. R. Y . Harnett & C o.:
coin.
SfhCt1*&8m
Shares.
United States Sub-Treasury.—The following table shows 100 Phcen. Po’d«-r M’f’ g Co.$500 lot. 50 Maxim Po’der M’f ’g Co.$5 lot.
250
Moctezuma
Conoentrat60 Helena & Livingston
receipts and payments at the Sub-Treasurv.
ing Co., $1 each........ $26 lot.
Smelting and Reduot’n
Date.
J’ne
..
“
«
«
“

15
17
18
19
20
21

Beeetpts.
$
2,776,525
3,978,769
2,291,951
4,248,326
6,324,297
4,746,695

Payments.
$
2,975,455
3,559,289
2,664,835
2,818,206
3,420,339
2,553,429

(Join.
$
92,797,059
93,438,183
93,344,107
94,108,167
97,728,221
97,833,081

Balances
Coin OerVt. Ourrent y
$
$
913,252 65,599,485
856,562 65,434,531
991,768 65,020,516
973,967 65,704,377
772,713 65,189,535
846,201 67,204,452

Total 24,366,563 17,991,5531 ..................

Coins.—Following are current quotations in gold for coins:

665a® —671«
Fine silver bars..
Sovereigns.......... $4 90 ®$4 95
90 ® — 95
Five francs.........
Napoleons.......... 3 90 ® 3 95
Mexican dollars. - 53 ® — 54
X X Reiohmarks. 4 78 ® 4 85
® ----Do
unoom’oial.
25 Pesetas........... 4 80 ® 4 88
49 ® — 52
Peruvian sols....
Span. Doubloons. 15 50 ®15 75
English
silver...
®
4 92
4
85
Mex. Doubloons. 15 50 ®15 75
Fine gold bars.. . . par ® >4 prem. U. 8. trade dollars — 55 ® — 75
—The board of directors of the Tradesmen’s National
Bank yesterday elected Mr. Willis S. Paine to be a member
of the board. Mr. Paine was formerly Superintendent of
Banking of the State of New York, and later President of the
S'ate Trust Company, of which he is still a director. The
officers of the bank state that their deposits are on the in­
crease and that their business was never in as good condition
as it is to-day.
—Messrs. Speyer Sc Co. of New York, in conjunction with
Messrs. Speyer Brothers, o f London, offer for public sub­
scription $2,748,000 city of Chicago 4 per cent gold bonds,
due 1915, at 107^ and accrued interest. These bonds are
issued in renewal of an equal amount of 7 per cent bonds
maturing on July 1. The subscription books will open on
Monday, June 24, and close on the same day.
—The trustees of the University of Rochester, at their com­
mencement, conferred the honorary degree o f Doctor of
Laws, upon John P. Townsend, the President of the Bowery
Savings Bank. The announcement was made at the «grad­
uating exercises of the University, held Wednesday after­
noon, June 19, in the city of Rochester.
—Messrs. Rudolph Kleybolte & Co., Cincinnati, offer
$200,000 City of Dallas, Texas, 40-year 5 per cent water-wcrks




393

Co., pref., $5 eaob..$i00 lot,
Bonds.
Helena & Livinssfon
$3,000 State of Georgia 4*«s,
Smelting and Reduot’n
1915...................................... 11438
Co., com., $5 ea ch ... $95 lot.

By Messrs. Adrian H. Muller Sc Son:
Shares.
10 Leather Manufacturers’
Nat’l Bank . . . . . . . . . ___ 170
9 Sixth Ave RR Co.......... 215*«
10O Rarnapo Wat r C o ....$ ;9 5 lot.
28 Pheulx Fire Ins. C o ...... 12,}*«
15 United States Fire Ins.
Co.......................... .........100**

•Shares.
50 Bergner <fc Engel Brew­
ing Co. of Phil., com .... 71*4
50 N. Y.Hygeia foe Co., lim. 81*«
60 N. Y. Economical Print­
ing Co............................. 10
1 Blooming Grove Park Asso. Subject to $75 dues...$25
24 N. J. Postal Teleg. Co ,
pref ...................$16persh.
20 N. J. Postal Teleg. Co.,
com..................$16 50 per sb.
37 Mechanics’ Nat’l Bank. .18t>4t
24 N. Y. & Texas SS. C o..., 100
120 Columbia Telephone
M’f ’g Co.......50 cents per sh.
3 0 Peoples’ Bank of N. Y ...2 1 9

fauM îïg

Bonds.
$2,000 Central Safe Deposit
Co. of N. Y., 1st 6s, 1911.
M. & N ......................... 50
$2,620 Atlantic Mutual Ins,
Co. Scrip of 189 >...........107
$190 United States Cordage
Co,, s c r ip ..............
7

and

fftu an utal.

Spencer T rask

&

C o .,

BANKERS,

2 7 & 2 9 PINE! S T R E E T ,
65 Stale Street, Albany.

¡IN V E S T M E N T

NEW YORK.

S E C U R IT IE S .

S a m u e l D. D a v is & Co.,
BANKERS,
NO. 4 0 W A L L S T ., N E W Y O R K .

Samuel D, D a v is .

Chas . B. V an Nostrand
A lexander

Georgs Barclay Moffat.

M o ffat

& W

m.

h i t e

White, Jr

,

BANKERS,
SO

PINE

STREET,

-

-

NEW

INVESTMENT SECURITIES.

Y O R K

1092

TH E

CHRONICLE.

The Bank of England weekly statement on Thursday
showed an increase in bullion of £750,103, and the percentage
of reserve to liabilities was 62'97, against 62-84 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 5,950,000 francs in gold and
4,200,000 francs in silver.

^ K t Ú M X S ’ (& K Z Z Ü Z .

$ fa e

D IVID EN D S
Name o f Company.

Per
When
Vent. ]Payable

R a ilro a d s.
Baltimore & Ohio pref. stocks..
Chic. R. I. & Pacific (quar.)....... .
Cin. Ham.& Dayton pref. (quar.
Columbus & Clnn. Mid. pref___
Concord & Montreal—
Class I.,B C. & M. pref.(quar.) |
Class II., B.C.& M. new (quar.) I
Class III., B.C.& M. old (quar.)j
Class IV., Concord quar.).......
Connecticut River.......................
Dayton & Mich, prf.,guar, (quar.)
Des Moines & Ft. Dod*e pref....
Ga. RR. & Banking (quar.)........
Norfolk & Southern (quar.)........
Providence & Worcester (quar.).
Worcester Nashua & Rochester.
B an ks.
Bank of America....................... .
Bank of New York, N. B. A . . . . ..
Bedford Bank (Brooklyn............
Columbia.......................................

3
%
1
1*2
1%1
1*2
1% /
l*2 j
5
2
4
2%
1
2*3

4
5
4
4
2*«
Hanover National..................
5
Hamilton Bank (Brooklyn)........ I 2*«
2*2
Mechanics’ National....................
4
Merchants' Exchange National..
3
Merchants’ National.......... ........| 3*2
Mercantile National................ .
3*2
National Bank of Commerce..
4
National Bank of North America
3
National Bank of the Republic..
4
National Broadway....................
6
National Park.............................
5
Ninth National............................
3
People’ s.........................................
5
Seaboard National.....................
3
Twenty-sixth Ward (Brooklyn).
3
2
Union (Brooklyn)........................
Wall about.....................: .............
2*2
West Side......................................
6
T r u s t C o m p a n ie s .
Atlantic (quar.).........................
3
Continental (quar.)......................
1*2
Franklin, Brooklyn (quar.)........
2
M ercantile.................................. .
5
Real Estate.................................. .
3
State....................... ......... ..........
3
Title Guarantee & Trust (quar.).
2
Washington...................................
3
HI ls c e lla n e e u s .
3
Central Ry. of Baltimore..........
Cent. & S. A.Teleg. (quar.)..........
1%
Edison Elec. 111., Bklyn. (quar,)..
1%
Journeay & Burnham, pref. (qu^
2
Mexioan Telegraph (quar.)........
2*2
Procter & Gamble, pref. (quar.)..
2
United States Rubber, pref..
4
Wells, Fargo & Co...................
3
Western Gas, of Milwaukee.. t
2
WestinghouseEl. AM fg.,pf.(qu.)
1%

Books closed.
(Days inclusive.)

July
Aug.
July
July

June
June
S June
I June

Aug.

1 --------- . t o ----------

23 to
29 to
21 to
21 to

July
2 June 21 to
Aug.
1 July 6 to
July 15 July 2 to
July 10 June 29 to
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July

June
July
July
July

30
28
2
1

1 June 22 to July 7
1 June 19 to June 30
l June 28 to July 1
1 June 21 to July 1
1 June 22 to July 1
1 June 22 to Juñe 30
1 June 22 to July 1
1 June 21 to July 2
1 June 20 to June 30
1 June 21 to June 30
1 June 19 to June 30
1 June 22 to July 1
1 June 20 to Juñe 30
1 June 22 to June 30
1 June 20 to June 30
1 June 22 to June 30
1 June 19 to June 30
1 June 27 to June 30
1 June 21 to June 30
1 June 22 to June 30
1
1 June 21 to July 1
1 June 21 to July 1

Differen' sfrom
Prev. week.

1894.
June 16.

1893.
June 17.

*
$
9
$
62.622.700
59,922,700 60,422,700
72.302.700
71,804,400 71,594,800
507,925,500 Ino.4,487,900 465,733,600 410.700.400
13,246,500 In c.
13,000
9,823,000
5,650,500
568.816.000 In c .2,819,200 570,483,700 406.536.400
66,269,3(0 Dec.4,514,500 99,889,600 68,218,400
113,893,600 In o.3,510,300 119,107,900 42,192,500
180.162,900 Dec.1,004,200 218,997,500 110,410,900
142.204.000 In c. 704,800 142,620,925 101,634,100

Surplus reserve' 37,958,900 Dec.1,709,000 76,376,575




Sixty Days.

Prime hankers’ sterling bills on London..
Prime co m m e rcia l......................... . . . . .
Documentary com m ercial..................Ill
Paris hankers’ (francs)..............................
Amsterdam (guilders) bankers........ .
Frankfort or Bremen (reichmarks) b’kers’

Demand.

4 89 ®4 89*2 4 90
901«
4 88 ®4 88*4
___
4 87*a®4 874»I
............
5 16*s®5 159íb 5 1 45]„»5 14%
403ie-®40i4
40%®407,«
9571B®95*2
9578®9515ib

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling J^@l-10 prem ium ; Charleston, buying par
selling yB premium; New Orleans, bank, $150 premium!
commercial 50c. prem ium ; Chicago, 80c. per $1,000 pre­
mium; St. Louis, 60(g) 75c, per $1,000 premium.
United States Bonds.—Government bonds have been dull
but firm. Sales at the Board include $18,000 4s. reg.. 1907 at
112%; $7.000 4s, coup., 1907, at 113% to 113%, and $1,000 5s,
coup., at 116%. The following are the nlosino- mintatlnna .
Interest June
Periods 15.

June
17.

June
18.

June
19.

June June20 .

21 .

2s
-reg. Q.-Moh. * 97 * 97 * 97 * 97 ' 97 I* 97
4s,’ 1907.'
....re g . Q .-J a n . *111% *111% 112%
112 *112
4s, 1907...'. . .ooup. Q.-Jan. *113 *113 *113*4 *11178
113*4 113*4 113**
4s, 1925.... .. .reg. Q.-Feb. *123% *123*« *123*2 *123*«
*123*»
4s, 1925.... ..coup. Q.- Feb. *123% *123*2 *123*. *123*0 123*«
5s, 1 9 0 4.... ....reg. Q.- Feb. *116% *116% *116% *116% 123*2*123*«
1163g 116%
July
1 June 28 to June 30 5s, 1904
ooup. Q.- Feb. *116% *116% *116% *116% 116% *116%
July
1 Tune 22 to July 1 6s, our’oy,’ 95...reg. J. & J. *100 *100 *100 *100 TOO *100
our’cy,’ 96...reg. J. & J. *101 *101 *101 *101
101 *101
July
2 Tune 25 to July 1 6s,
103 *103
July
1 Tune 25 to July 1 6s, aur’cy,’ 97. .reg. J. A J. *103 *103 *103 *103
1 0 « *106
July
1 Tune 25 to June 30 6s, our’cy,’98...reg. J. <fc J. *106 *106 *106 *106
*108*2 *103*2 *108*2 103*« *108*«
July
1 Tune 22 to June 30 6s, our’oy,’ 99.. .reg, J. & J. *10
July
1 June 25 to July 1 4s, (Cher.)1896.reg. M a rch . *100% *100% *100% *10n% l'»0% * 1 0 0 % ,
4s, (Cher.) 1897.reg. M a rch . *100% *100% *100% *100% 100 % * 100 %
4s, (Cher.)1898.reg. M a rch . *100% *100% *100% *100% 100% * 100 %
July
2 June 26 to July 2 4s, (Cher.) 1899.reg. M a rch . *100% *100% *100% *100% 100% * 100 % .
This is the price bid at the momia board, uo sale was made.
July 15 Tune 30 to July 15
July
1 Tune 22 to July 1
State and Railroad Bonds.—Sales o f State bonds at the
July
9 July 3 to July 9
luly 15 July 1 to July 15 Board include $10,000 Tenn. settlement 3s at 88% to 89; $46 luly 15 Tune 26 to July 15 000 Virginia fund, debt, 2-3s of 1991, at 62 to 62%; $10,000 Vir­
July 15 Tune 30 to July 15
July 15 luly 2 to July 15 ginia 6s defd trust receipts, stamped,at 6%, and $1,000 Louisi­
July
1 Juñe 23 to July 1 ana con. 4s at 97%.

Tlie Money Market and Financial Situation.—The condi­
tions which usually prevail in W all Street during the heated
term of mid-summer are evidently beginning to exert an in­
fluence, and business this week has been chiefly in the hands
of the professional element.
The results of the approaching harvest will very materially
affect the value of railroad securities within the next six
months, and for these results the market is waiting.
The
reports from all sources are to the effect that crops in
the spring-wheat belt were never more promising at this sea­
son of the year and every day lessens the possibility of damage
in that section.
There seems to be a growing expectation that efforts will
soon be made to put in process o f rehabilitation several of
the large railroad companies now in receivers’ hands. This
if done will doubtless have a beneficial effect upon the mar­
ket for railroad securities both at home and abroad.
The improvement in the iron industry reported during the
week is even more pronounced than heretofore and reflects
an increasing demand for all kinds of iron and steel.
To-day the stock market has been weak as the result of
profit taking, and fractional declines are general throughout
the list
The open market rates for call loans during: the week on
stock and bond collaterals have ranged from 1 to 2 per
cent. To-day’s rates on call were 1 to 1% per cent. Prime
commercial paper is quoted at 2% to 3% per cent.
The New York City Clearing-House banks in their statement
of June 15 showed a decrease in the reserve held of $1,004,200 and a surplus over the required reserve of $37,958,900’
against $39,667,900 the previous week.

Capital................
Surplus............
Loans & disc’nts.
Circulation........
Net deposits.......
Specie..................
Legal tenders....
Reserve held.......
Legal reserve....

Foreign Exchange.—The market for foreign, exchange has
been strong during the week. The offerings o f all classes of
bills have been light and the demand has been met largely by
Syndicate bills at maximum rates.
To-day actual rates of exchange were as follow s: Bankers.
bles7 4 89y@4r90 g’ * 88^ ® 4 88^ ; demand>4 89%@4 89%; caPosted rates of leading bankers are as follows :
J une 21.

July 2
Aug. 1
July 14
July 10

W A D E S T R E E T , F R ID A Y , JUNE 2 1 , 1 8 9 5 .- 5 P. M .

1895.
June 15.

fVoL. L X .

8,776,800

Some falling off in the volume o f business is noticed in the
railroad bond market, but prices have been well sustained
and changes are generally to a higher level. The principal
features are Ore. Imp. con. 5s, which, stimulated by the pros­
pect of a new management and better traffic connections, have
recovered more than the loss noted last week, and close 5
points higher. U. S. Cordage lsts and Rio Gr. Western lsta
are about 2 points higher. Mo. Kan, & Tex. 2ds, Mo. Kan. &
oj
lsts» St. L. So’west issues and Reading.
3ds have gained from 1 to 2 points. The active bonds which
aie fractionally higher than last week include the Atchison
issues, Mo. Kan. & le x . lsts, Reading lsts, 2ds and gen. 4s,
Southern Ry. 5s, le x . & Pac., some of the Un, Pac. issuesand the Wabash lsts, Brooklyn Elevated and Union Elevated
bonds.
Railroad and Miscellaneous Stocks.—In the stock market
trading has been largely of a professional character and
prices have generally moved within a narrow range.
Among the exceptions in the railroad list is the Minn.
& St. Louis, which has advanced over 2 points, from.
19% at the close o f last week to 22, presumably on the
better conditions and prospects o f the company. Several o f
the Southwestern stocks have been notably active on an up­
ward movement of prices. Mo. Kan. & Tex. pfd., Mo. P ac.,
Tex. & Pac , St. Louis Southwest, pfd. and Wabash pfd. have
advanced from 1 to 3 points. Other granger shares have
been strong on liberal offerings and are generally fractionally
iu
last week. The coal stocks have been firm on.
the theory that the present difficulties in the coal trade situ­
ation will soon be adjusted and that a plan for reorganizing
Reading is a probability of the near future.
The internationals have been less active than o f late in the
absence o f foreign buying, but prices are generally firm.
Tenn. Coal & Iron continues a prominent feature of the industrial list and has advanced 7 points to 39^. A m , Sugar
touched the highest point of the year on Wednesday, selling
at 119%. Am. Cotton Oil sold at 30 on Tuesday, but haa
fuDCT,deo~ * ed ^°. 28%, on limited sales. The adjournment of
the Illinois Legislature, removing the possibility o f hostile
legislation, was given as a reason for the advance of Pull nan
shares on Monday from 174 to 178%. Chicago Gas has de­
clined nearly 2 points. Distilling has gained a point on the
prospect o f a permit to sell assets. Gen. Electric has been
steady. ,U.8« Leather has been weak and both the common
and the pfd. shares are lower. Am. Tobacco and U* S,
Rubber are firm at a fractional advance.

TH E

-June $2, 1895.]

1093

CHRONICLE,

NEW YORK STOCK EXCHANGE—ACTIVE STOCKS for week ending JUNE 2 1 , and since JAN. 1,
HIGHEST AND LOWEST PRICES.
Saturday,
June 15.

Monday,
June t 7.

Tuesday,
June 18.

Wednesday,
June 19.

Thursday,
June 20.

Friday,
June 21.

STOCKS.

Sales of
the
Week,
Shares.

18 9 5 .

Range for year 1895.
Lowest.

Highest.

A c t iv e H R . S t o c k « .
22,460
3% Jan. 30 +11% June 17
10%
110% 10% +10% 10% HO
500
2 May 13
% Feb. 27
1%
1%
1%
1%
1%
1%
1,460
49 Mar. 8 65% Jan. 18
63% 63% 63% 63% 63% 64
63% 64
100 33 Mar. 8 59 Jan. 2
*53% 53% *53% 5378
54%
11,195 48 Jan. 30 56% June 18
55% 557e 55% 55%
86% 55% 56
55% 56% 56
7,894 81% Feb. 18 102% May 18
99% 100% 99% 100% 100 101% 100 101%
98% 100
2,635 12% Feb. 6 20% May 13
*19% 19%
20
20% 20% 20
19% 19% 19% 20
13,260
22%
16 Jan. 29 23% May 11
22%
227g
227e
22%
23%
22%
23%
22% 23
147 Jan. 9 150 Apr. 26
*153 _
*153
*152
*152
a152
49,951
69 Mar. 4 86% June 17
85
85%
85
85%
85%
85%
’ 85% 85% 86% 85% 86
400 50 Jan. 12 57 May 8
*53% 54%
54
54
54
54
54
54
292
90
Jan. 31 102 May 27
100
100
99%
99%
pref.
Do
inox. inox. 99% 99%
67% 6 8 %
¡.Paul 74,622 53% Mar. 9 69% June 17
agol
68
68%
68%
69
69% 6 8 % 69% 6 8 % 6 8 %
68%
929
114%
Mar. 29 123% June 17
122%
122%
122%
123%
pref.
122% 122% 123 123% 123 123% *122% 123
18,284 87% Mar. 4 100% May 17
99% 100
99% 99% 100% 99% 100% 99% 99% 99% 100
99
100
137
Feb. 14 145 Jan. 25
145
145
*145
146%
pref.
Do
l144 148 *144 147 *144% 147 *144% 147
18,494 60% Jan. 3 73% June 17
73% 72% 73% 72% 73%
73% 73
72% 73
72% 73% 73
5,810
28%
Mar. 8 41% June 18
41
41
40% 40% 40%
41% 40
41% 4i
*39% 40% 40
170 104 Mar. 30 117% June 21
117% 117%
pref.
Do
115%116% *116% 118 *116% 118 *116% 118
*115 117
8,772
35%
Feb.
13 46% June 17
t. L ...
e. Cl
45% 46% 45% 46
45% 46% 46% 46% 45% 46
45% 46
275 82 Jan. 10 93 June 20
93
Do
93
pref.
QOI4
1,470
27% Apr. 1
16
Jan.
29
& Tol
26% 26% 26% 26% 26% 26% 26% 26% 25% 26% 26% 26%
150 55 Jan. 9 69% Mar. 27
64% 64%
64
Do
*62
pref.
*62% 64
65
65
*62+2 64
65
4,013
133%
Jan. 18
123 Mar. 9
129% 130%
129% 130
130 130
129% 129% 129% 129% 120% 130
2,223 155% Mar. 8 166% Jan. 18
163 163%
162% 162% 162% 162% 161%162% 162% 162% 162%163
16%
May 11
53
10% Jan. 29
15% 15% 15% *14% 15% *14% 15%
*14% 15% *14% 15% *15
263 32% Jan. 29 48% May 11
47
Do
47% 47
pref.
47% 47% 47% 47% *47
48
*47
*47%
51
May
11
30 Feb. 20
46
*44
*44
46
46
*44
*44
46
*44
46
*44
46
210 100 Jan. 28 134 June 20
134 134 *133 136
133 133 *132 136 *133 137 *133 137
655 81% Jan. 4 98 May 13
96% 95% 95%
96
97
96% 9 6 % *96% 97% 96% 96% *96
2,330 5% Jan. 28 11% June 13
10% 10% 10% 10% 10% 10% 10% 10%
*10% 11% 10% 1 0 %
110 19 Jan. 31 34% June 13
33% 33%
Do
*32% 34
34
pref.
*33
35
*33 ; 35
35
35 ' *33
4,060 15% Feb. 11 25% May 27
>Eri<
24% 24% 24% 247e 24% 24%
24% 25
24% 24% 24% 25
810 69 Jan. 28 84 May 24
Do
83
83% 83% 83%
pref.
*82
84
8 3 % 83Xi 83% 83% *82% 83%
3,426 134% Jan. 2 150% June 21
148% 148% 148% 148% 148% 148% 148% 149% 149% 149% 149% 150%
83% Apr. 19 88% Jan. 5
*85
88
*85
88
*8 6
88
'8 6
88
*86
88
*86
88
20,115
5 Mar. 25 13% Apr. 25
12%
13%
11% 12% 12% 13
10% 10% 10% 10% 10% 12
12,994
46%
Mar. 12 61 May 11
58
58%
58%
58
58%
58%
59%
58%
59%
58% 58% 59
1,242
6 Mar. 6 10% May 24
10
9^
*9%
9%
9% 10%
9%
9%
9% 10
10%
9%
',39
20
Jan. 4 29% May 18
Do
27
27
*26
27
pref.
27
26%
27
27
27% 27% 27%
*27
8,414 104 Jan. 2 119% May 7
114 114
113 115% 114 115% 114% 115% 114% 115% 114 115%
1,262
91%
Mar. 4 103 June 18
103
103
*
1
0
2
103
102%
102%
102%103
102% 102% 102%102%
14,904 14 May 23 23 ' June 18
22
22% 23
22%
22% 23
19% 21
20% 21% 21% 23
2,623
79
May
23 88 June 19
Do
87%
87%
87%
88
1st
pref.
88
87%
87%
87%
86% 86% 87% 87%
8,360 39% May 23 49% June l8
Do
2d pref.
49% 49% 49% 49% 49%
46% 47% 47% 48% 48% 49% 49
18% May 11
3,670
12%
Jan.
30
17%
17%
rexas___
17%
17%
17%
17%
17%
17%
*17
17% 17% 17%
Do
pref. 27,868 21% Jan. 29 35% June 18
32% 32% 33
35% 34% 35% 34% 34'% 34% 34% 34% 34%
33% June 19
57,267
18%
Mar.
11
32%
33
31%
32%
32%
33
32%
33%
29% 29% 29% 32 '
2,705 13% Mar. 20 27 May 31
26% 25% 25% 25% 25%
26% 26% *26
25% 25% 25
26
64 Jan. 29 70 Jan. 18
90
*68
90
*6 8
798 92% Mar. 15 104 May 16
102% 102% 102% 102% 102% 102% 102% 102% 1017s 102% *102 102%
1,785 11% Feb. 20 18% May 13
17% 17% 17% I 7 7e 17% 17% 17% 17% 16% 17% 16 7a 17
100 65 Apr. 23 72 May 25
74
Do
74 *
*6 8
1st pref.
72
72
72
72
72 *
500 24 Feb. 21 34% May 17
32%
Do
*32% 33% 32
2d pref.
33
*31
33
32% 32% 32% 32% 33
8,385
•7% Mar. 9 14% May 13
10
9%
10
10
10%
9%
9%
9%
*10% 11
10% 10%
16 Feb. 26 32% June 15
Do
pref.
32
32%
29,390
29
Jan. 29 47% June 21
45%
47%
N.Y.A
N.E.
,tr.
reca,
all
ins.pd
44%
45%
44%
'45%
"4
3
"
'45%
44
41% "43% 44%
12 193 Mar. 20 218 June 18
*217 2 2 0
218 218
3,500
15%
Jan. 3 19% May 11
18
18%
18%
18
18
18%
18%
18
18% 18% 18% 18%
6,001
6% June 7 14% Jan. 21
10% 10%
10% 10% 10% 11
11% 10% 11
11% 11% 11
12,715
21
June
10 43% Jan. l3
29%
Do
27%
pref.
30%
29%
30%
30
29%
29%
*32% 33
32
29
6% May 13
5,115
2 Mar. 5
3%
3*2
3%
3%
3%
3%
3%
3%
3% *3%
3%
3%
1,360
9%
Mar.
4 19% Jan. 18
13%
Do
13%
pref.
13%
13%
14%
13%
14%
*14
14%
13%
15
8% May 13
5,195
2% Jan. 28
4% Northern Pacific
4%
4%
4%
4%
5
4%
4%
5%
5
5
4%
Do
pref. 15,537 13 Feb. 27 27 May 11
15 % 16% 15% 17
18% 18% 17% 18% 16% 17% 16% 17
19%
May 1
200
4 June 18
Ohio Southern...
400 17 Apr. 5 32 June 11
*29
31 Oregon R’y & Navigation Co.
31
30
30
30% *29
*29
32
*29% 31
*29
9%
May
13
20
3% Jan. 29
*6% 8 Oregon Sh. Line & Utah North
9
*6%
8
8
*6%
*6%
*6%
7%
6%
6%
7 May 13
400
3 Feb. 4
*5% 5 % Peoria Decatur A Evansville.
5%
5%
6
5%
*5%
5%
5%
5%
5%
5%
7% Mar. 4 21% May 13
17% 18% 17% 18% Philadelphia A Reading........ 115,490
18
17% 18
16% 17% 16% 17% 17
1,650 15 Jan. 12 22% May 13
19% 19% 19% 19% 19% 19% 19% 19% 19% 19% 19% 19% Pittsburg Ginn. Chic. A St. L.
335 43% Jan. 30 54 May 13
Do
pref.
*52
53
*52
53
53
*52
53
52% 52% 52% 52% *52
2,200 28 Apr. 17 33% Jan. 3
30% 32 *4 Pittsburg A Western, pref ...
30
30
30% 30
30
*30% 30% *30
30% *30
1,000 15 Apr. 16 19% June 17
*17% 18% Rto Grande Western...............
19
19 ‘ 19% 19% 19% 18% 18% *18% 19% *18
151 112% May 4 117% Jan. 21
Rome
Watertown
&
Ogdensb.
113 113
*113 115
114 115 *114 115 *114 115 *114 115
100 35% Feb. 15 68 June 6
St.
Louis
Alt.
A
Terre
Haute.
68
*61%
6
8
*61%
67
6
8
*63
*61%
64
64
67
7% May 25
734
4% Jan. 25
6,720
St. Louis Southwestern..........
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
7
8% Jan. 29 17% June 20
18,423
Do
pref.
17
17%
17%
17%
17%
16%
17%
17%
16
16
16
16%
31%
May 18
18
Feb.
5
208
30
30 St. Paul A Duluth
32
*30
*30% 32
*30% 32
*30
31
31
31
140 90 Feb. 4 95 May 11
Do
pref.
93
*91
93
*91
*91% 95
*90% 93
92
92
*90
*90
116%
May
15
104
Mar.
8
500
115 115 *115% 117 St. Paul Minn. A M anitoba...
*114 117 *114 117 *114 117 *114 117
2,218 16% Apr. 17 25% June 3
24 : 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% 24% Southern Paoillo Go
14%
May
10
8%
Jan.
29
12,598
14% Southern voting trust, oertif.
14% 14% 14% 14
14% 14% 14% 14% 14% 14
14
41% 41% 41% 41% Do., pref. voting trust, cert, 17,527 29% Jan. 29 42% June 13
41% 42
41% 41% 41% 42% 41% 42
13%
May
13
8% Jan. 30
A P a cific.................... 32,766
12% 12% 12% 13% 13% 13% 13% 13% 13% 13% 13% 13% Texas
4% May 14
% Feb. 14
110
3 Toledo Ann Arbor A N. Mich.
3*4 A2
*2 %
*2% 3%
3%
3%
2%
*2%
*2%
3%
49
June
14
41 Jan. 14
*47
51 Toledo A Ohio C en tra l........
50
*48
51
51
*49
*49
51
51
*48
*48
150 73 Jan. 14 81 Mar. 21
Do
pref.
*79% 81
80
80
*80
81
*80
81
*79% 81
*79% 81
7% Mar. 14 17% May 11
2,535
12 %
12% Union P a c ific ...................... .
12% 13
12% 12% *12% 13
*12% 13% 12% 13
7% May 14
3% Feb. 11
400
Union Pacific Denver A Gulf.
5%
5%
6
6
6
6
6%
*6
6%
*6
9% May 13
5% Mar.
7,065
..........
W
a
b
a
s
h
.....................
9%
9
9%
9%
9%
9
9
*9
9
8%
8%
9
21%
June 18
12%
Jan.
29
44,950
Do
pref.
20%
19% 19% 19% 20% 20% 21% 2 0 % 20% 20% 20% 20
15% June 21
8%
Feb.
28
22,125
Wheeling
A
Lake
Erie..........
.
15%
15%
15%
14%
14%
14%
14%
14%
14% 14% 14% 14%
49%
June
21
35
Feb.
25
3,203
pref
*45% 46% 46% 46% 46% 46% 46% 46% 46% 47% 47% 49% Wiso.Do
6% May 14
2% Mar.
825
Cen. Co.,voting tr. otfs
578 5%
6
578 5%
57s b %
6
*5%
57s *5%
5%
¡M isce lla n e o u s S t o c k s .
7,321 18% Feb. 13 30% May 13
29% 28% 29%i American Cotton Oil Co
28% 29% 29
30
28% 27% 27% 28
28
1,628 62 Feb. 18 79% May 13
Do
pref.
75% 74% 74% * 74 % 75%
75% 75
73% 73% ' 74
*731« 74
86% Jan. 3 121% June 13
233,840
American
Sugar
Refining
Co.
117%
118%
118
120%
119%
117% 118% 117% 118% 117 118% 117%
2,288 90% Jan. 8 102% June 12
Do
pref.
100 % 100 % 100% 100% 100% 100%
100 % 100% 100 100% 99% 100
84% Feb. 21 117 May 27
14,182
A
m
e
r
i
c
a
n
Tobacco
Co_____
_
114
114%
114%
114
114%
113% 114% 113% 114% 113% 114% 113%
360 103% Feb. 27 115% June 21
Do
pref.
114% 114% 115% 115% 115% 115%
*114% 115 *114% 115% 114% 115
70 Mar. 5 78% Jan. 11
61,830
Chicago
Gas
Co.,
trust
reo’ts..
72%
74%
73%
74%
74% 74
74%
74% 73% 75% 74
72
5,509 126 Jan. 29 149 June 8
144% 145% 144% 145% 145% 145% Consolidated Gas Company..
146 146% 146 148
144 147
13% Mar. 20 24% May 13
49,436
Dis.
A
C.F.Co.,tr.ctf.
all
ins.pd
19%
20%
19% 18% 19% 19% 19%
19% 19% 19% 19
19
Mar. 4 37% Mar. 25
34% 35% 35% 35% 35% 36% General Electric Co................ 15,684 25%
35% 36% 35% 36
35% 36
26%
Feb. 16 38 Jan. 18
6,424
National
Lead
Co....................
36% 35% 36% 34% 35% 34% 34%
36% 36
36% 36% 36
1,942 78% Jan. 28 91 May 17
Do
pref.
90
*89%
89%
90%
90%
90%
90%
90%
90
90%
90% 90%
7 May 13
2%
Jan.
30
5,009
North
American
Co.............
5%
5%
5%
5%
6
5%
5%
5%
5% 5% 5%
5%
8 Mar. 8 14% May 24
235
13 Oregon Improvement Co___
12 % 1 2 % *12
12
12
*9
12
*9
12
*9% 12
32%
June 13
20
Jan.
26
11,465
31% 31% 31% 30% 31%
31% 31% 31% 32% 31% 32% 31
95% Jan. 4 181 May 10
180 ___ Pipe Line Certificates............
*181 ----150 ........ kl 50
*180 ...
*150
154
Jan.
2
178
June 17
4,619
174 176 Pullman Palace Car Company
173 173 '172% 176
173% 173% 174 178% 174 178
20,000 60 Jan. 10 68% Apr. 1
*66% 67 Silver Bullion Certificates—
*66% 67
67
67% 67
*66% 67% *67
67
67
13%
Jan.
29
40
June 21
112,713
37% 38% 36% 37% 37% 39% 38% 40 Tennessee Coal A Iron............
35
38
32% 35
HO 74 Apr. 17 90 June 15
Do
pref.
97% 97%
90
90
8%
Jan.
4
1%
June
8
7,532
2
2 % United States Cordage C o ....
2%
2
1%
2%
2
1%
l%
1%
1%
1%
2% June 8 13% Jan. 4
2,233
Do
pref.
3%
3%
4%
4
4%
3%
3%
3%
3% 3%
3%
3%
24%
May
3
7
Feb.
27
13,110
19% 20 United States Leather Co —
19% 20
2 0 % 2 0 % 19% 2 0 %
20
21
20% 20%
5,596 58 Feb. 27 97% May 27
Do
pref.
93% 93% 93% 92% 93
93% 93% 93
93% 93% 93% 94
Mar. 5 48 June 3
41% 41% 41% United States Rubber Co----- 14,499 38%
42
43% 41% 42% 41
41% 41% 42% 44
86 Jan. 29 94% June 14
93% 94% 93% 94% x92% 92% 92% 92% Western Union Telegraph.... 10,898
93% 93% 93% 94

110
*1%
63
*59%
54%
100%
19%
22%
*152
85%

10%
1%
63
54%
55%
100%
19%
22%

11%
*1%
1%
63% 63%

tio %

tio %
*1%

11

1%

* These are bid and asked; no sale made.




< 1st instalment 3 % paid.

1094

TH E

CHRONICLE.

NEW YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOOKS.
Stocks
If Indicates unlisted.
inactive

June 21.
Bid

Ask

Range (sales) in 1895.
Lowest.

Highest.

I nactive stocks .
TÍ Indicates unlisted.

[Y ol. L X
(%Indicates actual sales.)
June 21.
Bid. (Ask.

Range (sales) in 1895.
Lowest.

Toledo Peoria & Western.. ....1 0 0
R a ilr o a d S tock s.
Toledo St. L. & Kansas City !|..100
6
6% May
Albany & Susquehanna........1 0 0 167
m iscellan eou s Stocks.
Balt. & O. S. W. pref., new.......100
8%
9% 6 Apr. 12 May Adams
Express...........................100 148 150 140 Jan.
Belleville & South. 111. pref...... 100 135
American Bank Note Co I f . . . . . ___ 43
45
37 May
Boston & N. Y. Air Line p ref..100 103 105 101 % Apr. 103 *Feb. American
Express........... .........100 Í11438
109 Feb.
Brooklyn Elevated If................. io o
20
211«
100
Amer.
Telegraph
&
Cable____
96
89 Mar.
Buffalo Rochester & Pittsburg.100
21
19 Apr. 24 May Bay State Gas IT......................... 50 20
21 % 13 Mar.
Preferred.................................. 100
60
58 Jan.
60 Apr. Brunswick Company................. 100
2% 3% 1% Apr.
Burl. Cedar Rapids & Nor........ 100
45
45 May 45 May Chic. Juno. Ry. & Stock Y ards.100
89 Feb.
Cleveland & Pittsburg.............. 50 157
156 Jan. 1571« Jan.
Preferred.................................. 100
Des Momes & F011D odge.......100 10
10%
51« Feb. 11 June Colorado Coal & Iron D evel...l0 0 : 10
11
%
4 Mar.
Preferred.................................. 100 45
67
30 Jan. 40 May Colorado Fuel & Iron ................100 l 32% 34
23% Mar.
Duluth So. Shore & Atlantic H.100
71* 77s 21« Mar.
67e June
Preferred.................................
100
50
Feb.
Preferred fl.......... .................... 100 14
514 Mar. 14 June Columbus & Hocking Coal____100
9
2% Jan.
Flint & Pere Marquette......... ..100
14% 151« 9 Apr. 171« May Commercial Cable...................... 100 159
145
May
P referred ................................100 40
44
34 Apr. 45 May Consol. Coal of Maryland......1 0 0
32
28% Apr.
Gr. Bay Win. & St. P. tr. reo___100
1
1% 14 Feb.
2 May Edison Electrio Illuminating... 100 Uoi%
94% Mar.
Preferred trust rects.............. 100
21« 3*«j lie Feb.
41« May Erie Telegraph & Telephone ..100
45%
Feb.
Houston & Texas C en tra l....... 100
li« Mar.
3ie May Interior C on du it* Ins..............100
30%
Feb.
Illinois Central leased lin e s .... 100
86 May 88 Jan. Laclede Gas.................................100 I 27% 28
23%
Jan.
Kanawha & M ic h ig a n .......... 100
101«
8*« Feb. 10 Apr.
Preferred..................................
100
t
86
81
Mar.
Keokuk & D ob Moines............... 100
4% 51« 3 Jan.
6 May Lehigh & Wilkesbarre Coal I f .........
20 Jan.
Preferred.......... .......................100 17
131« Mar. 16 June Maryland Coal, pref...................100 50
60
50 Jan.
Louisv. St. Louis & Texas........ 100
l i « Apr.
1 1« Apr. Michigan-Peninsular Car Co. . . 100
Mahoning Coal........................... 50 115
Preferred.......................... .....1 0 0
52 Jan.
Preferred.................................. 50 106
Minnesota Iron................... .....1 0 0
64
Mar.
Metropolitan Traction!!............100
99
831« Apr. 103 Jan. National Linseed Oil Co............100 30% 30% 39%
17% Jan.
Mexican Central.........................100 11
8 Mar. 13 ^ May National Starch Mfg. Co........... 100
7%
10
5
Jan.
Mexican National tr. ctfs........ 100
21«
1ie Apr.
4 May New Central Coal........................100 : 8
6 Jan.
MinnT. &8t. L.,tr.rects., all p d ..l0 0
251« Feb.
38 May Ontario Silver M ining............. 100
9%
8% Mar.
Preferred, tr. reots., all pd,..100
461« Jan. 66% May Pennsylvania Coal..................... 50 310
310
Jan.
Morris & Essex....... .................. 50
156 Feb. 164 Jan. Postal Telegraph—Cable If.......100
85
87%
69
Apr.
New Jersey & N. Y ........ ...........100
Quicksilver Mining.................... 100
2% 3% 2 Jan.
Preferred.................................. 100
Preferred..................................
100
17
19
12%
Jan.
N. Y. Lack. & Western..............100
I I 6I4 Jan. 118 Feb. Texas Pacific Land Trust.. . . . . 100 1 11
7 Mar.
Norfolk & Southern..................1 0 0
65 Apr. 66 Apr. U. S. Cordage, guaranteed.....1 0 0 1 9%
6 June
Peoria & Eastern........................100
41«
2 Jan.
51« May U. S. Express.............................. 100 1 42
36
Mav
Rensselaer & Saratoga..............100| 178
180 Jan. 183 Apr U. S. Rubber preferred........ ...1 0 0 t 98%
92%
Feb.
Rio Grande Western pref........ 100| J 4514
30 Mar. 46% May IWells. Fargo E xpress............... 100 1110
104 Feb.
No price Friday ; latest price this week.
t Actual sales.

Highest
8

May

150 June
37 May
119% May
96% May
25 June
4% May
95 Jan.
11% June
34 June
70 May
9% June
163% June
33 % Jan.
102% June
59 % May
41% Mar.
33% June
92 May
20 Jan.
50 Jan.
58% May
69 Juue
31% •Tune
12 May
9 June
10 % May
320 J an.
69 Apr.
4% May
20 Apr.
12 % May
23% Jan.
45 Jan.
98% June
111 % May

NEW TORS STOCK EXCHANGE PRICES.—STATE BONDS JUNE 2 1 .
SECURITIES.

Bid.

Ask.

SECURITIES.

I’-1

Missouri—Fund............. 1894-1895
North Carolina—6s, old.......... J&J
Funding act..........................1900
New bonds, J & J ........ 1892-1898 . . . „ .
Chatham R R .......................
Special tax, Class I .......
1
Consolidated 4s....................¿910 102%
125
South Carolina—4%s, 20-40.. 1933 108
98%
6s, non-fund..........................1888
1%

New York City Rank Statement for the week ending
June 15, 1895. W e om it two ciphers (00) in all cases.
Ba n k s .
(00s om itted.)

Capita Surpl’s Loans.

Specie.

Legale. Deposits

Bank of New York. $2,000,0 $2,038,7 $13,720,C $1,220,0 $1,950,0 $13,070,0
Manhattan Co ......... 2.050.0 2.054.5 13.058.0 1.153.0
5.737.0 16.921.0
964,9 12,844,4 1.460.6
Merchants’ ............. 2,000,0
2.931.5 15.566.6
Mechanics’. . . ......... 2,000,0 2.188.5 9.434.0
2.949.0
984.0
9.821.0
0
America.................. 3.000. 2.296.6
20,896,8 3.037.2
3.455.4 23,297,9
0
430.3
4.523.0
Phenix.. . . . . . . ____ 1.000.
444.0
754.0
4.266.0
1
,000,0
3.042.0
22.098.3
City........................
7.696.7
3.481.7 28,929,4
760.0
31,5
1.797.5
Tradesmen’s..........
221.0
243.2
1.741.7
300.0 7.273.3 26,244,7 3.002.1
Chemical...............
5.408.6 27.074.0
600.0
155.0
3.829.4
Merchants’ Exch’ge
795.8
715.9
4.594.2
Gallatin National... 1,000,0 1.614.4 6.213.8
462.4
2.712.8
6.536.4
300.0
229.7
1.469.6
Butohers’&Drovers’
163.1
415.7
1.646.7
400.0
371.0
Mechanics’ <b Trad’s
2.610.0
310.0
290.0
2.605.0
200.0 177.3 1.064.6 134.3
Greenwich..............
200.3
1.041.9
600,0
492.8
2.954.2
Leather Manufac’rs
239.0
780.9
2.655.6
300.0
113.3
Seventh National...
266.2
1.710.7
229.7
1.891.2
484.0
State of New York.. 1.200.0
3.499.0
139.3
356.7
2.614.5
0
American Exchange 5.000. 2.345.5
23.211.0 1.246.0
6.136.0 20.548.0
0
Commerce............... 5.000. 3.620.2
324.1
20,882,6
8.498.3 20.496.1
0
Broadway.............. 1.000. 1.631.7
6.254.5 1.061.4
646.7
5.954.2
1,000,0 979.3 7.391.2 1.559.7 1.048.8
Mercantile............
7.983.2
422,7
475.0
Pacific.............. .
2.140.0
592.8
932.8
3.321.9
964.8 13.761.0 1.356.3
Republic..... ............ 1.500.0
3.549.5 16.113.7
450.0
980.0
6.031.5
Chatham..................
907.0
1.099.4
6.564.9
200.0 272.3 1.880.7 245.8
People’s ..................
659.3
3.222.6
700.0
675.6
North America.......
5.282.5
615.5
1.092.7
5.604.4
Hanover.................. 1,000,0 1.903.0 16,022,2 rs,889;3 1.449.7 19.566.8
500.0
346.8
Irvin g...................
2.880.0
409.0
535.3
3.088.0
600.0
396.9
Citizen’s ............ .....
3.067.6
538.6
342.6
3.533.5
500.0
280.3
Nassau....................
2.436.8
132.6
542.8
2.909.0
760.0
831.7
Market & Fulton...
4.108.3
401.0
1.059.0
4.574.2
1
,000,0
23,2
Shoe & Leather......
3.037.0
323.0
611.0
3.367.0
Corn Exchange...... 1,000,0 1.208.7 9.603.0 1.578.5
856.0 10.663.7
Continental............. 1,000,0
203.4
4.993.4
949.9
693.9
5.977.3
300.0
Oriental..................
427.1
1.888.0 221.0
404.9
1.906.0
Impomrs’&Traders 1.500.0 5.581.3 22.274.0 3.740.0 3.353.0 23.540.0
Park........................ 2,000,0 3.148.0 24.565.5 3.351.4 8.080.9 31.596.2
260.0
139.6
East River............
1.086.6
113.2
239.1
1.033.9
Fourth National__ 3.200.0 2.067.6 20.382.3
5.527.4 21.495.2
335.3
542.1
Central National.... 2,000,0
8.267.0 1.475.0
4.967.0 12.992.0
300.0
593.9
5.223.0
Second National__
955.0
983.0
6.419.0
750.0
379.0
3.325.2
Ninth National......
513.6
1.210.3
4.340.3
500.0 7,200,2 23.927.6 2,528,9
First National........
3.748.1 22.936.2
221.1 10.228.6 2.059.0
Third National....... 1,000,0
970.1 11.977.9
300.0
90,0
1.417.5
N.Y. Nat. Exchange
220.3
168.1
1.414.1
Bcweiy....................
250.0
561.4
2.705.0
453.0
472.0 • 3,064,0
200.0 509.2 3,094,4 791.0
New York County..
185.1
3.692.4
750.0
283.8
2.764.8
372.4
533.9
German American..
2.824.2
500.0 1.174.1 15.920.3 1.306.4
4.458.4 19.987.4
Chase National........
100.0 1.057.8 7.135.2 775.8
Fifth Avenue......
907.6
7.669.8
200,0 604.8 2.752.3 372.0
German Exchange..
745.5
3.559.4
200,0 622.4 3.032.9 503.4
Germania...............
824.5
3.715.8
500.0
United States.........
548.3
5.834.0
784.4
977.6
6.951.3
521,1
300.0
5.444.8 1.014.6
Lincoln..................
1.204.8
6.651.7
200.0 583.7 4.209.8 912.1
Garfield..................
658.5
5.422.2
Filth National.......
200,0 316.4 1.835.4 218.9
324.7
1.910.8
840.4
808,0
4.711.6
300.0
1.128.8
Bank of the Metrop.
6.147.8
West Side.... .....
200.0 306.8 2.488.0 258.0
-602,0
2.833.0
Seaboard.................
500.0
231.7
5.583.0
583.0
1.714.0
7.216.0
Sixth National.......
200.0 347.5 1.710.0 242.0
345.0
1.640.0
234.0 10,445,0
Western National.. 2,100,0
900.7
1.922.0 10.905.4
4.741.0 1.409.0
First Nat. Br’klyn..
631.0
300.0
881.1
5.554.0
2.871.6
Sout aern N ational..
1.002.1 3.239.5
500.0
554.8
52,9
Nat. Onion Bank.... 1,200,0
3.320.4 14.073.8
844.5 11,974,7
487.4
Libertv Nat. Bank.
129,4
500.0
1,556,3
21,8
353.9
1.413.3
N.Y. Prod. Exch’ge. 1,000,0
300.8
3.689.0
458,3
804.7
3.082.8
•etai____ ____ 32.622,7 72,302,7 507,925,6 66,269,31113,893,6 568,816,0




Bid.

1j j !

Alabama—Glass A, 4 to 5 ....... 1906 107
Glass B, 5 s ............................1906 107
Class C, 4s............................. 1906
97
Currency funding 4s............1920
97
Arkansas—6s, funtLHol. 1899-1900
3
do. Non-HoJford 150
7s, Arkansas Central R R ............
1
Louisiana—7s, oons................ ¿914
Stamped 4s............. ....................
New oonols. 4s.................;..i9 1 4
97

Ask.

SECURITIES.

Bid

Ask.

Tennessee—6s, old........ 1892-1898
6s, new b on d s.........1892-8-1900
do
new series...............1914
Compromise, 3-4-5-6s...........1912
■"2%
3s.............................................1913 89% 90
2%
Redemption 4s..................... 1907 95
107
do
4%s.................. 1913 104
128
Penitentiary 4%s................. 1913 104%
112
Virginia funded debt. 2-3s„.1991
62
62%
2 1 6s, deferred t’st reo’ts, stamped.
6
6%

New York City, Boston and Philadelphia Banks :
Cavitai &
Surplus. Loans.
Specie. Legáis. ÌDepositsA Circ’l’n
$
$
$
$
I
$
$
134.574.2 495.303.1 68,796,1 1072364 553,778,4 132670
695.175.8
134.574.2 500,098,7 69,584,4 1108666 561,903,4 133214 606.671.9
134.574.2 502.547.2 70.641.0 1121376 566,229,4 132562
134.925.4 503,437,6 70,783,8 1103833 565,996,8 132335 494,624,0
134.925.4 507,925,5 66,269,3 1138936 568,816,0 1S2465
69.351.8 164.741.0 10.765.0 6.112.0 158,162,0 7.357.0 77,281,4
69.351.8 166.698.0 10.604.0 5.562.0 162,950,0 7.381.0 97.790.9
69.351.8 167.632.0 10.856.0 6.452.0 165,246,0 7.351.0 94.818.6
35.810.3 103.552.0
33,21>4,0
107,661,0 6.170.0 56.607.9
35.810.3 104.105.0
33,8(13,0
108,000,0 8.150.0 71.829.6
35.810.3 104.548.0
34,6(>1,0
'109,637,0 6.181.0 64,628,1
. .
wvHora vii cut onese jigures. r mom
aelpnia tne item “ due to other banks.”
Banks .
N . York.*
May 18....
“ 25....
June 1__
”
8 ....
“ 15....
Boston .*
June 1....
“
8 ....
“ 15....
P h ila.*
June 1....
“
8 ....
“ 15....

Miscellaneous and Unlisted Bonds
miscellaneous Bonds.
Boston Un. Gas tr .certs., 5s.
Ch. Jun.<& S. Yds.—Col.t.g.,58 Ì'Ò9%b.
Col. O. & I. Devel. gu. 5 s.....
Colorado Fuel—Gen. 6s.........
Col. & Hock. Coal <&I.—6s, g.
Cons.Gas Co..Chic.—lstgu.Ss 87 a.
Consol. Coal oonv. 6s............
Det. Gas oon. 1st 5s...............
Edison Eleo. 111. Co.—1st 5s . 108 b.
Do
of Bklyn., 1st 5s__
Equit. G.-L., N.Y., cons. g. 5s. 112 b.
Equitable G. & F.—1st 6s.... 98 b.
Henderson Bridge—1st g. 6s. 112 b.
Illinois Steel deb. 5s...... ......
Non-conv. deb. os....... ........
Int. Cond. & Ins. deb. 6s......
Manhat. Beach H. * L. g. 4s. 48 b.
Norn—“ b” indicates prioe bid; ” a ”

miscellaneous Bonds.
Metropol. Tel. * TeL 1st 5s
Mlch.-Penin. Car 1st 5s. ..
* 93 a.
Mutual Union Teleg.—6s g .. 110 b.
N. Y. & N. J. Telep. gen. 5s.. 104%b.
Northwestern Telegraph—7s. 112 >sb.
People’s Gas * 0 .1 1 s t g. 6s.
Co., Chicago.... J 2d g. 6s. iÒT’ b.
1st cons. g. 6s.......... ......... 100 %b.
Pleas. Valley Coal —1st g. 6s. 97 %b.
South Yuba water Co.oon.6s.
Sunday Creek Coal 1st g 6s.. 95 b.
U. 8. Leather—8. f. deb., g.,6s 113%b.
Western Union Teleg.—, .. 108 b.
Wheel.L.E. &Piit* Coal 1st 5s 64%b.
Unlisted Bonds.
Comstook Tunnel—Ino 4s.. 12 a.
Mem. & Charleston—Oon 7 g.
prioe asked. * Latest price this week

Bank Stock List—Latest prices this week.
BANKS.

(*Not listed.)

Bid. ASK. | BANKS. Bid. ASK. BANKS. Bid.
America...... 204 212 Garfield........
117
Am. Exch... 158 160 German Am. 115 125 19th Ward.. 127
Bowery*......
Broadway... 238 250 Germania..., 300
Oriental.... 200
Butchs’&Dr. 150 1I 6O Greenwich.. 160
180
Centi a l....... 117 125
310
275
Chase.......... 500
155
Chatham...... 350 400 Im. & Trad’s’ 510 565 Phenix....... 110
Chemical ... 4100 4800 Irving......... 135 150
440
200
152
Citizens’ ...... 137 150 Lincoln...... 615
Columbia__
Manhattan.. 191
Second...... 300
Commerce... 183 190 Market & Ful 218 230 Seventh __
Continental. 125 ........ Mechanics’ .. 186 195 Shoe* Le’th 90
Com Exch.. 285 300 M’ohs’ & Trs’ 140 165 Southern... 140
East River.. 130 145 Mercantile.. 160 200 Stateof N.Y. 104%
11th Ward... 200
135 140 Third
105
Fifth Ave.... 2500
Merch’ts Ex. 110
Tradesman's 90
Fifth*...........
Metropolis.. 400 465
2500
First............
Mt. Morris.. 110
First N., S .I. 120 125
154 165
180
14th Street.. ....
New York... 223 232 Western.... 111
Fourth. ...... 182 188 N.Y.Co’nty. 540
West Side.. 270
Gallatin....... 300
N.Y.Nat.Ex. 120

.

Asa
135
24Ö
200
300
115 ~
160
102
108
98

TH E

JUNK 22, 1895. J

1(^95

CHRONICLE.

BOSTON, PHILADELPHIA AND BALTIMOBE STOCK EXCHANGES.
Share P rices — n ot P er C entum P rices.

Active Stocks.
IT Indicates unlisted.

Saturday,
June 15.

Monday,
June 17. t

Atcli. T. & 8. Fe (Boston). 100 t!0% 10%
Atlantic & Pac.
“
100
*62
63%
Baltimore & Ohio (Balt.). 100
73% 73%
Balt. City Pass’ger “
25 *73% 74
21%
21%
207
8
21
Baltimore Traction “
25
21%
21
Baltimore Trao’nlf (Phil.). 25 207g 21
Boston & Albany (Boston). 100 209 ........
Boston & Lowell
“
100 200
Boston & Maine
“
100 177 177
Central o f Mass.
“
100 *1 3 % ........
59
Preferred
“
100 58
Chic. Bur. & Quin. “
100 85*4 85%
Ohio. Mil. & St. P. (Phil.). 100 685s 6878 68 7s 69%
15%
15
15
Oho.O.&G.vot.t.c.
“
50 14
46% 46% 46%
Cit. 8t. Ry of IndH “
100 46
75ia 76% 79%
Eleotrio Tracti’n
“
50 75
93
Fitchburg pref.. (Boston). 100 93
Lehigh Valley.. (Phila.). 50 38*8 38*8 377s 38
Maine Central (Boston). 100 134 134
Metropol’n Trac.1I (Phil). 100 941« 94>« 95% 95%
Mexican Cent’l (Boston). 100 *11% l l 7s
N.Y.&N.E.,tr.rec.§
“
100 44% 44%
931« <
Prefer! ed,tr.reo.§ “
100 90
70
Northern Central (Ball.). 50 ¡........ 70
47s 5 %
5% 5%
Northern Pacific (Phila.) 100
18%
17%
*18
181a
Preferred
* 100
Old Colony___.(Boston) 100 178 178
53%
53
53
531«
Pennsylvania. ..(P hila.). 50
People’sTraction
“
50 617s 62% 62% 62%
8%
8%
Phila. & Reading.
“
50 8i3j^ 8'®ifi
Philadelph Trao.
“
50 82^8 82% 82% 84
13%
Union Pacific... (Boston). 100 *13
m iscellan eou s Stocks.
Am. Sug’r Refin. fi ( Boston) — 118 118
“
. . . . 100% 1 0 0 %
Preferred........
ell Telephone..
“
100 204 205
Bost. & Montana.
“
25 53% 53%
15%
Butte & Boston..
**
25 *15
Calumet & Hecla
“
25 290 295
Canton C o .......... (Balt.). 100
Consolidated Gas
"
100 63% 63% 63% 63%
33
Elec. 8 tor. Bat’ylT(Phila.). 100 29% 31% 31
Preferred 1T
“
100 28% 30% 31% 32
Erie Telephone.(Boston). 100 58% 58%
36
General Electric.
“
100 36
66
Preferred........
“
100 65
LamsonStoreSer.
“
50 *24% 25
47
47
47
Lehi’h Coal&Nav. (Phila.) 50 47
N. E. Telephone (Boston). 100 *74% 74%
79
787s 7988
Unit’d Gas Imp.^(Phila.). 50 78
55%
Welsbaoh Light 1i “
5 50% 51% 52
2% 29le
West. End Land.. (Boston) . . . .
Bid *n. asked prices;
§ All instalments paid. ,

Inactive Stocks.

Bid.

Ask.

Tuesday,
June 18.

Wednesday,
June 19.

Thursday,
June 20.

Friday,
June 21.

Sales
of the
Week,
Shares.

Range of sales in 1895.
Lowest.

117%
100
205
52%
14%
295

11«%
100%
205%
53%
15
295

63
32%
31%
58%
★
36%
64
64
23%
*23
46% 47
74% 74%
78% 79%
54% 55
*2% 2%
no saie w
62%
30%
31
58

117% 119%
100% 100%
204% 205%
51% 52%
14% 14%
295 295
70
70
63
63
30% 30%
30% 30%
58%
*58
35% 35%
66
65
*23% 23%
46% 47
*74% 74%
78% 79
54% 55
2%
2%
nade

Inactive stocks>

120% June 13
117% 118% 32,377 86!%j an.
102% June 12
377 90 Jan.
100% 100%
1,018 175% Apr. 17 210 May 20
204% 205
2,797 33% Jan. 2 54% May 27
51% 52%
9 Mar. 12 17 May 28
2,625
14% 14%
51 280 Mar. 12 305 May 27
*292 298
70
45 67% May 4 91% Jan. 16
70
848 60 May 17 65% Jan. 2
63%
*62% 63% *63
4,340 26 June 13 34% Feb, 13
29% 30
30
30
1,900, 28 Apr. 5 32% Mar. 18
29% 30
366! 45% Feb. 13 59 May 13
58% 58% *58
58%
1,830 2578 Mar. 4 37% Mar. 25
35% 36%
*35% 36
*65
89 60 Feb. 5 70 Mar. 23
66
64
64
150 22% Feb. 28 25% Apr. 16
23% *23% 23%
23
88 40% Mar. 8 49% Jan. 5
*46% 47%
47
47
13 66 Feb. 15 74% June 18
74%
*74% 74% *74
9,384 67 Apr. 2 79% June 17
78% 79% 79% 79%
11,236 36 Mar. 28 60 June 21
55
57% 57% 60
2 Jan. 30 33t6 May 9
880
2%
2%
2%
‘ 2%
1 1st in stalme nt, $3, paid.
XHoliday in Boston.
118
100%
205
51%
14%
295

Bid.

120
101
205%
51%
14%
295

Ask.

Bonds.

55% People’s Trac. trust certs. 4S..1943
Boston United Gas, 2dm. 5s..1939 55
Perxiomen, 1st ser.,5s.l918, Q—J
Burl. & Mo. River E xen p t 6s, J&J !115% 117
95
90
Phila.* Erie gen. M. 5g. ,1920, A&O
Non-exempt 6s.......1 9 1 8 , J&J 5105 107
262 265
Gen. mort., 4 g .. . . . . . 1920, A&O
Plain 4 s . . . . . . ..........1 9 1 0 , J&J 98% 99%
33%
Ohio. Burl. & Nor. 1st 5,1926, A&O 104 104% Phila & Read, new 4 g., 1958, J&J
4
1st pref. income, 5 g, 1958, Feb 1
2d mort. 6 s ..... . . . . . . 1918, J&D 99 100
48
2d pref. income, 5 g, 1958, Feb. 1
Debenture 6 s .........1 8 9 6 , J&D 99 100
52
49
3d pref. income, 5 g, 1958,Feb. 1
97
Chic. Burl.&Quinoy48..1922,F&A 95
21
23
2d, 5s..........................1933, A&O
Iowa Division 4 s .....1919, A&O 97% 99
143 144
Consol, mort. 7s.......1911, J&D
85
Chlo.&W.Mich. gen. 5s, 1921, J&D 82
240 250
Consol,
mort. 6 g ......1 9 1 1 , J&D
90
88
Consol,
of
Vermont,
58.1913,
J&J
28% 29%
Improvement M. 6 g., 1897, A&O
80
165
Current River, 1st, 5s..1927, A&O 70
Con.M.,5
g.,stamped,1922, M&N
66
68
Det.
Lans.&Nor’n
M.
7
s.1907,
J&J
14%
14
Terminal os, g .....«1 9 4 1 , Q.—F.
Eastern 1st mort 6 g.l906,M &S.. 120% 121%
42
45
Phil.
Wilm.
& Balt., 48.1917, A&O
126
128
Iree,Elk.&M.V.,1
s
t
68.1933,
end.
59
58
Pitts. C. & St. L., 7 s ....1900, F&A
85
K.C. C.& Spring.,1st,5g.,1925, A&O 75
71
68
Rochester
Railway,
con. 5s ..1930
99
98
K 0. F.S. & M. eon.6s, 1928, M&N
33
Schuyl.R.E.Side,lst 5 g.1935, J&D
59
K.C. Mem. & Bir.JLst, 28,1927, M&S 57
54
55
Union
Terminal
1st
5 s.........F& A
123
121%
K.
C. St. Jo. & C. B., 7S..1907, J&J
15
18
95
B on d s.—B a ltim ore.
_ ,
L. Rock & Ft. B.. 1st, 7 s .. 1905, J&J 92
60
55
A
tlanta*
Chari.,
1st
7 s, 1907, J*J
Louis., Ev.&St.L., 1st,6g.l926, A&O 104 105
64% 65
Baltimore Belt, 1st, 5 s.1990, M&N
2m., 5—6 g . . . . . ......... 1936, A&O 92 ' 95
67%
Balt. O. Pass. 1st 5s— 1911, M&N
Mar. H. & Ont., 6s.......1925, A&O 105% 106
54%
64% Balt. Traotion, 1st 5s..1929, M&N
Mexican Central,4 g ... 1911, J&J 64
Exten. & impt. 6 s ....1901, M&S
1st oonsol.inoomes, 3 g, non-oum. 17% 18
85
No. Balt. Div., 5s.......1942, J&D
10
9
2d consol, incomes. 3s, non-oum.
6
8
Baltimore & Ohio 4 g., 1935, A&O
N. Y. & N.Eng,, 1st, 78,1905, J&J* 122% 123
40
Pitts.
& Conn., 5 g ... .1925, F&A
117
116
1st
mort.
6
s
.
.
.
.
.
.
.
....1905,
J&J
27% 28
Staten Island, 2d, 5 g.1926, J&J
2d mort. 6 s ...........1 9 0 2 , F&A 110% 111%
3%
3
Bal.&Ohio
S.W. ,lst,4%g.1990, J&J
107
lu6%
Ogden.
&L.O.,Con.6s...1920,A&O
71
73
CapeF.&Yad.,8er.A.,6g.l916, J&D
22
Inc. 6s..............
....1 9 2 0
13% 14
Series
B.,
6 g ..........1 9 1 6 , J&D
111
110
Ru
tland,
ls
t,6
s
........l9
0
2
,M
&
N
41% 41%
Series C., 6 g .......... 1916, J&D
2d, 5s.......................... 1898,F&A >101 101%
71% 72
Cent.
Ohio,
4%
g . . . . . ...1930, M&S
90
90%
B on d s.—P h iladelp hia
Cent. Pass., 1st 5s.....1932, M&N
Allegheny Val.,7 3-10s, 1896, J&J 106%
234
City
&
Sub.,
1st
5s.....1922, J&D
51% 51% Atlantic City 1st 5s, g., 1919, M&N 101
Chari. Col.&Aug.ext.5s.l910, J&J
Belvidere Del., 1st, 6 s.. 1902, J&D
CoL
&
Greenv.,
1st
5-6s.l917, J&J
4
4% Buffalo Ry. con. 1st, 5s.......... 1931 106% 1 0 7 "
Ga.Car. & Nor. 1st 5 g„1 9 2 9 , J&J
6% Catawissa, M., 7 s ......1 9 0 0 , F&A 114
6
Georgia
Pac.,
1st
5-6S...1922,
J&J
Choc. Okla. & Gulf, prior lien 6s.. 105 106
25
North. Cent. 6 s . . . . . . ....19 0 0 , J&J
Citizens’ St.Ry.of Ind.,con.5s.l933 91% 92
120 130
6s................................
1904,
J&J
Columb. St. R y „ 1st, con. 5s.. 1932 102
MISCELLANEOUS.
Series A, 5 s . .. . . . . ....19 2 6 , J&J
Allouez Min’g, asst pdf'Boston;. 25 •75 1 0 0 Columb. O. Crosstown, 1st,5s. 1933 100
4 % s............................ 1925, A&O
Consol. Tract, of N. J., 1st,5s.1933 84% 85
17
Atlantic Mining........
“
25 16
Piedm.&Cum.,lst,
5 g .1911, F&A
126
Del.
&
B’d
Br’k,
1st,
78.1905,F&A
10%
10%
Bay State Gas H........
“
50
Pitts. & Connells. 1st 7s. 1898, J&J
4
5% E aston* Am. lstM .,5s.1920, M&N 109%
Boston L a n d .........
“
10
Southern,
1st
5
s
.....
...1994, J&J
119%
Elmir.
&
Wilm.,
1st,
6
s.1910,
J&J.
1 > 1%
Centennial M ining...
“
10
O Hestonville M. & F., con. 5s.. 1924 110
Virginia Mid., 1st 6 s ...1906, M&S
1%
Fort Wayne Elect. H“
25
2d
Series,
6
s...........1
9 1 1 M&S
106
Hunt.
&Br’d
Top,Con.5s.’95,A&O
17
Franklin Mining---- - * “
25 15
Lehigh Nav. 4%s.......... 1914, Q—J 111 % 111% 3d Series, 6s..........1 9 1 6 , M&S
1
2
Frenchm’n’sBay L’d.
“
5
4th
Series,
3-4-5s.-...
1921,
M&S
104
2d 6s, gold.................. 1897, J&D
Illinois Steel...........
“
100 71% 72%
5th Series, 5 s.........1 9 2 6 , M&S
General mort. 4%s, g.l924,Q —F 105
Kearsarge Mining—
“
25 13% 14
West
Va
C
.*
^
.
lst.6
g
.1
9
1
1
,
J&J
27% Lehigh Val.Coal 1st 5s,g. 1933, J&J 100
“
25 27
Osceola Mining..........
West’l. N.C. Consol. 6 g.1914, J&J
Lehigh Valley, 1st 6 s...1898, J&D 106%
Pullman Palace Car.
“
100 174 175
Wilm.
Col.
&
Aug.,
6
s..1910,
J&D
2d 7 s ............................ 1910, M&S 1357g
Pennsylvania Steel.. (Phila.).1.00
j
MISCELLANEOUS.
Consol. 6_____
1923, J&D 122
95
Preferred^____ . . .
“
100
Baltimore Water 5 s ... 1916, M&N
Newark Passenger, con. 5s... 1930 10 2 %
Quincy Mining......... (Boston). 25 116 117
Funding
S s ....u ....1916, M&N
103%
North
Penn.
1st,
7s....1896,
M&N
137
Tamarack Mining . . . .
“
25 135
Exchange 3%s...... ...1930, J&J
Gen. M. 7s............... ...1 9 0 3 , J&J 125%
1
1%
Water Power.................
“ 100
Virginia
(State)
3s, new.1932, J&J
131%
Pennsylvania
gen
.6s,
r..!910,
Var
Westangh. Elec. &M ..
“
• 50 35% 36%
Funded debt, 2-3S.....1991, J&J
Consol. 6s, c
........1 9 0 5 , Var 119%
53%
Pref., cumulative.
“
50 53
Chesapeaue Gas, 6s.....1 9 0 0 , J&D
Consol.
5s,
r
.
.
.
.
.
.
.
.
.
.
.
.
1919,
Var
Bonds— Boston.
Consol. Gas, 6s..........1 9 1 0 , J&D
Collat. Tr. 4% g.......... 1913, J&D i b i "
At.Top. AS.F.lOO-yr.4 g.,1989, J&J * 76% 76%
5 s ............1....... ............ 1939, J&J
Pa. & N. Y. C anal,7s...1906,J&D 123
2d2%-4s, g., Class A ..1989, A&O * 27% 28
Equitable Qas. ««_____ I 0 *'*- * *
108%
Con.
5s.........................1939,
A*f>
79%
5
79
Boston United Gas 1st 5s...............
t Last price this week.
§ And aeorued interest.
IT Unlisted.
1Priee includes overdue coupons.
Prices of June 21.
Atlanta & Charlotte (Balt.). 100
Boston & Providence (Boston). 100
Camden & Atlantic pf.(Phila.) - 50
Catawissa....................
“
50
1st preferred. . . . . . .
“
50
Central Ohio............... (Balt.). 50
Chicago & West Mich.(Boston). 100
Connecticut & Pass..
“
100
Connecticut River ..
“
100
Consol. Tract of N.J.H (Phila.). 100
Delaware&BoundBr.
“
100
F lin t* Pere M arq...(Boston). 100
Preferred___________
“ 100
Hestonville Passeng. (Phila.). 50
Preferred H.................
“
50
Hunt. & Broad Top...
“
50
Preferred....................
“
50
Kan. C’yFt.S. & Mem.(Boston). 100
Preferred....................
“ 100
Little Schuylkill........ (Phila.). 50
Mine Hill & S.Haven
“
50
NesquehoningVal.. .
“
50
North American Co..
“
100
North Pennsylvania.
**
50
Oregon Short Line...(Boston). 100
Pennsylvania &N.W. (Phila.). 50
Philadel. & Erie........
“
50
Rutland...................... (Boston). 100
Preferred....................
“
100
Southern..................... ( Balt.) .100
Preferred........... .
“
100
West End.................... (Boston). 50
Preferred............
“
50
United Cos. of N. J .. (Phila.). 100
West Jersey..................
“
50
West Jersey &Atlan.
“
50
Western N.Y. & Penn
**
100
Wisconsin C entral...(Boston). 100
Preferred...................
“
100
Wore’ st.Nash. &Roch.
“
100




Highest.

3% Jan. 30 11078 June 18
8,348
tio% 107s tio% 10% tio% 10% tio% 10%
2 May 13
*50 Jan. 23
*1%
*1%
*1%
1%
1% *1%
1%
1%
50 4978 Mar. 8 65 Jan. 21
*63
65
64
*63
63% 63% *63
64
550 69% Mar. 11 74 June 12
72
72
*71% 72% *71% 72% 71% 72
20%
5,709 14% Jan. 28 21% June 17
21% 21% 21
2«% 20% 20
21
21% 20% 21
21
20% 207s 20% 20% 10,124 14% Jan. 30 21% June 17
21 206% Mar. 13 210% Apr. 22
209 209
209 209
209 209
209 209
5 196% Jan. 2 204 May 13
203 203
200% 200% *200%
*200
224 160 Jan. 2 177% June 18
176 1-6
176
177 177% 177 177 *
14%
5 Apr. 13 16 May 13
250
*14
14
14
14
*14
14
477 48 Feb. 28 60% May 14
59
58
58
57% 57% *57
*58
69%
Mar. 4 86% June 18
85 % 7,913
85% 86% 85% 85% 85
85% 85
68% 69% 68% 68% 68
68% 67% 68% 15,700 54 Mar. 9 69% June 17
3,179 11% May 11 15% June 17
15
14% 14% 14% 14% 14% 14%
15
5,226 34% Feb. 2 50 June 20
49% 49%
50
46% 47
49
49
48
3,259 70 Apr. 22 87 Jan. 3
77% 78%
78
77% 79% 77% 7778 *
140 82% Jan. 11 93% June 12
93
92% 93
92% 92% 92% 92%
93
1,239 27% Mar. 8 39 May 11
37% 37% 37% 37%
37% 37% 37% 38
60 125% Jan. 7 135 June 3
*130 135
*135
*134
7,639 81 Apr. 2 106% Jan. 3
97% 96% 97% 97
98% 98% 100%
»6
5% Jan. 31 13% May 7
1,230
11%
11%
11%
11%
11%
11%
11%
11%
8,590 29 Jan. 29 47% June 21
47%
45
45
45
4278 45% 44% 45
556
59%
Feb. 8 100% June 21
99%
100%
94
93
94
93% 93% 95
30 64 Jan. 29 70% June 7
*69% 70
69% 69% *
70
4%
2%
Jan.
30
6,512
7 78 May 13
4%
5
478 4% 478
47¿
4%
2,040 13 Feb. 27 25% May 14
16% 15% 16
17
16
16 7s 17% 17
182%
June 19
182
132
176%
June
1
180% 180% 182% 182% *180 182 *180
3,469 48% Jan to 53% May 10
53% 53
53% 53% 53% 53% 53%
53
63
June 3
62
6,382
43%
Jan.
26
61%
62% 62
62% 62
62
62
8%
85ie 8% 89.6 9
9% 8U16 9% 35,637 3 »816 Mar. 4 10% May 18
83
4,133 76 Apr. 2 99% Jan. 2
83
83% 83% 83
83
83% 84
204
8 Mar. 12 17% May 10
13
13
13
13
12% 12% *12% 13

Bid. A sa

119

103 "
111
82
62
62%
103
110
110%
107%
111%
87
113
111%
113
116
106
101%
109%
89
114
116
111
85
102%
108%
115
113

84
62%
64
111
111
108
112%
88
113%

102%
109%
89%

109
117
........

121% 122
103%
74%
62%
106
117
107%
........

104
75
62%
118
108

.....

1096

THE

CH RONICLE

rvoL. l x .

NEW TORE STOCK EXCHANGE PRICES (Continued)—
Ra il r o a d

and

M is c e l . B o n d s

ACTIVE BONDS JUNE 3

0 losing
Inter01 Price Range (sales) in 1895. R a i l r o a d
Period June 21
Lowest.
Highest.

and

Closing Range (sales) in 1895.
Price
Period June 21
Lowest.
Highest.

M is c e l . B o n d s , Inter01

Amer. Cotton Oil, deb., 8g.l900 Q—F 112 b. 110% Feb. 113*3 Apr.
Pao. of Mo.—1st,ex., 4 g.1938 F A A 104*3 a. 100*3 Mar.
106 June
AuTop.&S.F.—100-yr.,4g. 1989 J & J t 753s
62 Mar. 76*8 June
2d ext. 5 s . . . ................ 1938 J A J 108
103 Mar. 108 June
3-4s, Cl. “ A” 1st instal.pd.’ 89 A A O 273i
St.L. A Ir. Mt. 1st ext.,5s. 1897 F A A 10278b. 100
16*8 Mar. 28*4 June
Mar. 103% Jan.
Col.Midland—Cons., 4 g.1940 F & A r 27*sa. 17 Mar. 28 *3 May
2d, 7 g ........ ...................1897 M A N 104
May 104 Jan.
Atl. & Pao —Guar., 4 g . . . .1937
50 b. 44*8 Jan.
Cairo Ark. & Texas,7 g.1897 J A D 103*3 a. 102
505s Apr.
97 Mar. 103*3 May
Brooklyn Elev.—1st, 6 g ..l9 2 4 A A O 106*3
Gen.R’y & land gr.,5g,1931 A A O 79*sb. 74%
86 Mar. 108 May
Apr.
Union Elevated.—6 g .. . . 1937 MAN 105
84*3 Mar. 106 May Mobile A Ohio—New, 6 g. .1927 J A D 119 b. 115 Mar. 80*3 May
120*3 May
B ’kly n WhrfA W. H—1st, 5 s, g. ’4 5 F & A 108
104% May 108 June
General mortgage, i s . . . . 1938 M A S
68*2b. 62 Mar. 69*3 June
Canada Southern.—1st 5s 1908 J & J 112*2 109 Jan. 112*2 June Nash. Ch. & St. L.—1st, 7s. 1913 J
A J 132 b.
Mar. 132 Feb.
2d, 5s................................. 1913 M A S 106*2 102*2 Mar. 107 Jan.
Consol., 5 g ......................1928 A A O 100 %b. 130
98*3 Apr. 102 Mar.
Oent.Ga.-S.&W.lsteon.5s.l929
*t 54 a. 50 Jan. 56 May Nat’l Starch Mfg.—1st, 6 s.1920
AN
97 b. 90 Jan.
98 June
Central o f N. J.—Oons.,7s.l899 Q - J ni2*4b. 111*3 Feb. 113 June N. Y. Central—Debt ext.4s.1905 M
M A N 103
102
Mar. 104*4 Apr.
Consol., 7s........................ 1902 M A N 119 b 114 Mar. 121 Jan
1st, ooupon,7s................. 1903 J A J 125*3b. 120*3 Jan.
125*3 June
General mortgage, 5 g .. . 1987 J & J 118
I l l Jan. 118*2 June
Deben., 5s, coup., 1884..1904 M A S 108 b. 105*3
Apr. 109*3 Jan.
Leh.&W.B.,con.,7s,as’d.l9 0 0 I—M 105
101% Mar. 108 Jan.
N. Y. A Harlem, 7s, reg.1900 M A N *116 b. 115*3 May
119*3 Apr.
“
mortgage5s.l912
A N 85
85 Mar. 92 Jan.
R.W. A Ogd., consol., 58.1922 A A O 119
113*3
Apr.
Am. Dock & Imp., 5 s ....1921 J A
113
111*4 Apr. 114*s Jan.
West Shore, guar., 4 s ....2361 J A J 107*4 103*8 Feb. 119 Jan.
Central Pacific.—Gold, 6s.1898 J A
107*4
June
105 *2b, 101% Feb. 106 June N. Y. Chio. & St. L.—4 g . .. 1937 A
A O 105
10l*e Feb. 105*8 June
Ches. & Ohio.—Ser. A, 6 g.1908 A A
*118
117 Apr. 121 Feb. N. Y. Elevated—7s........... 1906 J A J
107*3 Jan. 110*4 June
Mortgage, 6 g ................. 1911 A A
*118
116*2 Apr. 120 Mar. N. Y. Lack. & W.—1st, 6s. 1921 J A J 110*4
135 b 131 Mar. 135 May
1st consol., 5 g................. 1939 M A
11138 103*8 Mar. I l l ’ s June Construction, 5 s .............1923 F A A 116*3b
Feb. 117 June
General4*ss, g .................1992 M A
83*4
69*3 Mar. 3378 June N.Y.L.E.&W.—1st,con.,7g. 1920 M A S 133 b 113*4
125*3 Mar. 134 May
R. & A. Div., lstoon .,4 g.l9 89 J A
97*2b 9 1 Feb. 98*4 June
2d consol., 6 g ................. 1969 J A D f 68
15558
Feb. 171 May
“
2dcon .,4g.l989 J A
89
85 Apr. 90 June
Long Dock, oonsol., 6s,g. 1935 A A O 129*sb. 126 Feb.
EUz. Lex. & Bi g San.-5g. 1902 M A
131 Jan.
100*sb 95 Mar. 100*2 June N. Y. N. H. A H.—Con. deb. ctfs A
O 146*3 137 Jan. 147*4
Chic. Burl. & Q.—Con., 78.1903 J A
June
122*sb 118 Mar. 122*3 June N. Y. Ont. AW .—Ref .4s,g. 1992 M A
93
88 Jan.
Debenture, 5s.................. 1913 M A
93% June
102*8 98*8 Mar. 102*2 June Consol., 1st, 5s, g ............1939 J AA SD 110*3
Convertible 5s................ 1903 M A
104*ab, 98*8 Mar, 105 *4 June N.Y.Sus.AW.—lstref.,5sg.l937 J A J 100 b. 109*3 June 113 May
Denver Division 4s........ 1922 F <s
97
93*2 Feb. 96% Jan.
Midland o f N. J., 6s, g . 1910 A A O 115 b. 95 June 108 Jan.
Nebraska Extension, 4s. 1927 M A
92
8678 Feb. 92 May Norf.AW.—100-year, 5s,g.1990 J A J 60 b. 115 Apr. 119 Jan.
70 Apr.
Han.&8t.Jo8.-Cons.,68.1911 M A
118
115*3 Mar. 120*8 Jan. No. Pacific—1st, coup., 6 g. 1921 J A J 118*sb. 48*3 Feb.
Feb. 119*3 June
Chio. &E. 111.—1st, s. f.,6s. 1907 J A D 114
114 June 117*2 May
General, 2d, coup., 6 g. 1933 A A O 102*3 112
8178 Mar. 103*s May
Consol.. 6 g ...................... 1934 A A
125
121*2 Apr. 125*3 Jan.
General,
3d,
coup.,
6
g
..
1937
J A D 73
49*3 Mar. 73 June
General consol., 1st, 5 s..1937 M A N 100
96 Feb. 10058 Apr.
Consoi. mortgage, 5 g.,.1989 J A D 43*s
24 Jan.
•Chicago & Erie.—1st., 5 g.1982 M A N
45 June
91
77 Mar. 93*2 June
Col. trust gold notes, 6s. 1898 M A N
877s
70 Mar. 89 June
Income, 5s....................... 1982 Oot.
25
14% Mar. 29 May
Ohio. A N . Pao., 1st, 5 g.1940 A A O 47*2 t37
Jan. t49 May
•Chic. Gas L. & 0.—1st, 5 g .. 1937
A I
96
90*3 Jan. 96% June
Seat.L.
S.
A
E
.,lst,
gu.6.1931
F A A 46 b. t38 Jan.
Chic. Mil. & St. P.—Con. 7s.1905
50 Apr.
A , 128
125 Feb. 128 May No. Pacific A Mont.—6 g ..l9 3 6 M A
41 a. 30 Mar. 41 May
1st, Southwest Div., 6s.. 1909
A I 118*2b 11458 Mar. 119*3 June No. Pacific Ter. Co.—6 g...l9 3 8 J
A
105*3
96 Jan. 105*3 June
1st, So. Minn. Div ,6 s ...1910
A I 118 b 115 Mar. 118 May Ohio A Miss.—Con. s. f., 7s. 1898 J
A
109 b. 107 Mar. 109 June
lst,Ch.&Pao.W.Div.,5s.l921
A . 116
109*s Feb. 116 June Ohio Southern—1st, 6 g . .. 1921 J A D 87
81 May 96 Jan.
Chio. & Mo. Riv. D iv.,5s. 1926
A I 107*sb 104 Feb. 107 *3 J une
General
mortgage,
4
g
...
1921
M
A
N
42 b. 29% May 52% Apr.
Wise. A Minn., Div., 5 g.1921
A . 111 b, 107*4 Jan. 111*3 June Omaha A St. Louis—4 g ... 1937 J A
*
44
a.
t35
Jan. 144 May
Terminal, 5 g ................... 1914
lll*2b, 108*3 Feb. 112 June Oregonlmpr. Co.—1st, 6 g.1910 J A D
96 b. 96 June 100*3 Mar.
Gen. M., 4 g., series A ... 1989 r a
94*3 87 Feb. 94*3 June Consol., 5 g .......................1939 A A O 49*4
44
May
Mil. &Nor.—1st,con.,68.1913 ’¡A D 117 b 116 Jan. 120
55 Mar.
Feb. Ore. R. A Nav.Co.—1st, 6 g. 1909 J A
11238a. 106% Jan. 112*4
Chic. & N. W.—Consol.,7S.1915 Q - F 141 a. 138 May 143% Jan.
June
Consol., 5 g .......................1925 J A D t 95
t73 Jan.
Coupon, gold, 7 s ............1902 J A D 118*2h 11938 June 123*4 Feb. Penn.
95*3 June
Co.—4*3
g.,
coupon.1921
J
A
J
*115 b 109*3 Jan. 116% June
Binkingfuud, 6s..............1929 A A O 118 a, 114 June 120 Jan. Peo. Deo. A Evansv. —6 g. 1920
J A J 102 b 92 Feb. l03 May
Sinking fund, 5s..............1929 A A O 109 b 106*3 Apr. 110% Jan.
Evansv. Division, 6 g . . . 1920 M A S 101 b 93
Mar. 102 June
Sinking fund, deben., 5s .1933 M A N 109 b 105*2 May 110 Jan.
2d mortgage, 5 g..............1926 M A N
35
25 Feb.
25-year debenture, 5 s ...1909 M A N 105 b 10458 May 108 Jan. Phila. A Read.—Gen., 4 g. 1958
35*4 May
J A J t 69*3
67
Jan.
Extension, 4 s.................. 1926 F A A 102*8
79 May
99*s Mar. 102*4 Feb.
lstp ref. income, 5 g.......1958
32*a
18% Mar. 37*s May
Ghio.R.I.&Pac.—6s., coup. 1917 J A
130 b 126 Jan. 13038 June
2d
pref.
income,
5
g
.......1958
21
978 Mar. 24*s May
Extension and col., 5s... 1934
A
106% 100 Feb. 107 June
3d pref. inoome, 5 g .......1958
16
6*3 Mar. 18*8 May
30-year debenture,5s... 1921 M A
96
83 Mar. 97 June Pittsburg A Western—4 g. 1917 J A
86*4
80
Apr.
Chio. St. P. M. & O.—6 s,...1930 J A D 126 b, 122 Feb. 129
86*4 June
May Rio Gr. Western—1st, 4 g. 193a J A
79*3
63 Jan.
-Cleveland & Canton.—5s.. 1917 J A
79% June
90*4b 82 Feb. 94 May St. Jo. A Gr. Island—6 g . . 1925 MAN 160
b,
151
Feb.
C. G. C. & I.—Consol., 7 g.1914 J A D
62*3
May
122 Jan. 130 June St. L. A San Fr.—6g.,01.B.1906 MAN 115 b.
Apr. 115*3 May
General consol., 6 g ....... 1934 J A
122 b 119 Feb.
6 g., Class 0 ..................... 1906 MAN *115 b, 111%
June
111
Mn,r.
C.C.O.&St.L.—Peo.&E.,48.1940 A & O 81 b 74 Mar. 124
116
Jan.
General mortgage, 6 g .. 1931 J A J 108 *3b. 102 Jan.
81% June
Income, 4s....................... 1990 April
112 June
26 *2a. 17 Apr. 27*3 May
Cons. guar. 4s, g .............1990 A A O
49 Mar. 54 Jan.
Col. Coal A Iron.—6 g .......1900 F A A 95 a. 92 May 95
Jan. St. L. So. West.—1st, 4s, g.1989 MAN 80
62
Jan.
Col.H.VaJ.ATol.—Con.,5g.l931 M A
80*3 June
93
86*2 Mar. 94 May
2d,4s,g., inoome............1989
J 373s
16*8 Jan.
G eneral^ g ..................... 1904 J A D 95
38 June
88 Jan. 98 Apr. St.P.M. AM.—Dak.Ex., 6 g. 1910 MAN 1185s
115
May
Denver A R io Gr.—1st, 7 g. 1900 M A N 112*gb
119*s
Jan.
1st consol., 6 g ................ 1933 J A J 123 *4b 115*3 Mar.
115*2 Apr.
1st consol., 4 g................ 1936 J A J 89
June
79 Jan. 89 J une
“
reduced to 4*3 g..
A J 104*3b 100% Jan. 123*s
Dul. So. Sh. A Atl.—5 g .. .1937 J A J 97 b. 90 Feb. 99*s
105
June
Montana Extension, 4 g.1937 J A D r 89 h 84*s Apr.
Jan.
Ft.W. ADenv.City.—6 g . 1921 J A D 72 a. 65 Feb. 74*4 Jan.
90 May
SanAnt.AA.P.—lst,4g.,gu.,’43 J A J 673a
52 Jan.
Gal.H.ASanAn.-M.AP.D.lst,5g M A N
67*3 June
92%
90 May
May Sav. Fla. A West.—Ist,6 g .l934 A A O
112 Jan. 117 Jan.
Gen. Electric,deb. 5 s ,g ...1922 J A D 89 b. 87 Jan. 93%
So.
Car.
A
Ga.—1st,
5
g
___1919
93*3
Jan.
MAN
9714
b
,
95
May
Hous. A T. Cent.,gen. 4 s,g .1921 A A O 72*3
98
Jan.
61 Feb. 72*2 June So. Paoiflo, Ariz.—6 g .. 1909-lu
A J 100 b, 86 Mar. 101 June
Illinois Central.—4s, g ....... 1953 M A N 100 b. 98 Jan. 100*4
June So. Paoiflo, Cal.—6 g ....1905-12 A A O '110*3b, 109*3
Western Lines, 1st, 4s, g.1951 F & A 103
Jan.
111
Feb.
102
103 May
oonsol., gold, 5 g .......1937 A A O 91 b. 88 Feb.
Int. A GreatNor.—1st, 6 g.1919 M A N 118 b. 117 Feb. 120 Apr. So.1st
93*4 June
Pacific, N. M.—6 g ....... 1911
A J 103 b. 99*3 Jan. 107
2d4-5s...........................7.1909 M A S 79Qb. 67*4 Mar. 79% June Southern—1st
June
cons, g., 5s. 1994
A J 98%
84*s Jan.
-Iowa Central.—1st, 5 g ...,1 9 38 J A D
99 June
90%b, 84*4 Mar. 91*4 June
E. Tenn. reorg. lien4-5s. 1938 M A S
91 b, 79*s Feb.
Kings Co. Elev.—1st, 5 g . . 1925 J A J 80 b, 68 Jan.
92 June
85
May
E.
T.
Y.
A
G.—1st,
7
g
...l9
0
0
A J 116
¿Laclede Gas.—1st., 5 g ..„ . 1919 Q - F
111*4
Feb.
116
95
90% Feb. 93*3 June
Con. 5 g ..........................1956 M A N 109 b. 102*4 Feb. 110 June
Lake Erie A West.—5 g___1937 J A J 117*2 112*3 Jan. 117*2 June
June
Georgia Pao. 1st 5-6s, g.1922
A J 114 b. 107*8 Mar. 114*4 June
L.
Shore.—Con. op., 1st, 7s.
J A190o
J 117*2b. 116 Apr. 118 Jan.
Knoxv. A Ohio 1st 6s, g. 1925
A J 116 b. 111*3 Mar. 115*3 June
Consol, coup., 2d, 7s.......1903 J A D 122 b. 122 June 124*s
Rich. ADanv. con. 6s, g.1915
May
A J 122*sb. 118 Jan. 122 June
-LongIsland.- lstoon .,5 g.l9 3 1 Q—J 123*2 117*4 Jan. 123*2 June
West.No.Car.lstoon.6s,gl914
A J 116 b. 109 Feb. 116*2 June
General mortgage,4 g .. 1938 J A D 97 b. 95% Feb. 99 May Tenn.C.
I.
AKy.
Ten.D.,lst,6
A O 96*3a. 77 Jan.
-Louis. A Nash.—Cons., 7 s .1898 A A O 109 b. 107 Apr. 110% Mar.
94 June
Birmingham Div., 6 g .,.1 9 1 ,
A J 99
78 Mar. 99 June
N.O. A Mobile, 1st, 6 g ..l9 3 0 J & J 122 b. 115*2 Feb. 121 June Texas
A
Paoiflo1st,
5
g..2000
A D 92*3
83*3
Jan.
“
“
2d, 6 g ..l9 3 0
94
May
A J 106*3b. 103 *3 Mar. 104 Jan.
2d, inoome, 5 g .................2000
21*3 Jan.
General, 6 g ..................... 1930
317s May
A D 118% 114 Feb. 120 June Tol. Ann Ar. A N. M.—6 g.1924 Maroh 31
MAN
79
b.
t76
Mar.
Unified, 4 g ................... 1940
182
Jan.
A J 85.
71*3 Mar. 85 June Toledo A Ohio Cent.—5 g.1935
A J 112*4b. 107*3 Feb. 112*4 June
Nash. FI. A Sh.-l st.gtd. ,5 g.’3
A A 85*3
79 Jan.
85*2 June Tol. St. L. A Kan. O.—6 g ..l9 1 6
A D 72*3
57 Feb. 172 *3 June
Kentuoky Central.—4 g.1987
A J 88 b. 83 Jan. 90 May Union Paoiflo—6 g ..............1898
A
J 106% 102*3 Mar. 107 June
iLouis. N. A. A Oh.—1st.,68.1910
A J 112 b. 106 J an. 113*2 May
Ext. sinking fund. 8 ....... 1899 M A S
95
89
Mar. 98 Jan.
Consol., 6 g ...................... 1916 A A O 1005g
93*a Feb.
May
Collateral trust, 4*3....... 1918 M A N
40 b. 139 Apr. t46 May
Louis. St. L. A Texas.—6 g.1917 F A A 56*sb. 55 Feb. 10138
59 June
Gold 6s, 00L trust notes. 1894
A
96
b.
83
Feb.
Manhattan consol. 4s........ 1990 A A O 100*2
96*3 May
96 Jan.
June
Kan. Pao.-Den. Div., 6 g.1899 M A N 109 b. 103*3 Mar. 109
Metro. Elevated.—1st, 6 g.1908 J A J 122 *4b. 118*2 Jan. 100*2
J une
1st oonsol., 6 g ..............1919 M A N
122*4 June
72
b.
62
Feb.
2d, 6s................................ 1899 M A N
78 Jan.
106 May 109 Feb.
Oregon Short Line—6 g.,1922 F A A 98
88 Jan. 102% May
Mich. Cent.—1st, cons., 7s. 1902 M A N 119
117 May 121*8 Jan.
Or.S.L. AUt’hN.—Con. 5g. 1919 A A O 47
39 Feb. 53 May
Consol., 5s....................... 1902 M A N 107 b. 106*2 June
Apr.
U.P.Den.AGulf.oon., 5g.l939
A D 40%
32 Feb. 43 May
Mil. Lake Sh. &W.—1st, 6 g. 1921 M A N 131 *3b. 127*a May 109*3
J une U. S. Cord.—1st 00L, 6 g.,1924
A J 3978
Exten. A Imp., 5 g..........1929 F A A 112 %b. 109 Apr. 132
35*4 June 64 Jan.
115 Jan. Virginia Mid.—Gen.M., 5s. 1936 M A N 102
91% Feb. 102 June
-Minn. ASt.L.—1st con.5s,g.l934 M A N 101 *2b. 100 May 104
June
Wabash—1st,
5
g
................
1939
M
A
N
107%
104*8
May 108% June
Mo. K. A E —1st 5s, g., gu.1942 A A O 94
81 Jan. 95 June
2d mortgage, 5 g..............1939
A A 76%
63*4 Feb.
M.
K. A Texas.—1st, 4s, J
g. 1990
A D 86*4
78% June
79% Feb. 88*4 May West. N. Y. APa.—1st,5 g.1937
A
J
109
102*4
Jan.
2d, 4s, g ............................ 1990 F A A 605a
110 June
44 Feb. 60% June
2d mortgage trust reots.1927
A O 28 b. 23*3 Jan. 131 Apr.
Mo. Pao.—lst,oon., 6 g...,1 9 2 0 MAN 97*2a. 83 Mar. 97*2 June West.
Un. Tel.—Col. tr. 5s.l938
A J 110*3b. 106 Jan. 111 June
3d, 7s................................1906 MAN1112
103 Mar. 112 June Wise. Cent. Co.—1st, 5 «..1937
A J 57 a. 44 Mar. 5778 May
N o t e .—“ b ’
indicates price bid ; “ a ” price asked ; the range is made up from actual sales only. * Latest price this week, t Trust receipts.

NEW YORK STOCK EXCHANGE PRICES—(.Continued).—IN ACTIVE BONDS—JUNE 21.
SECURITIES.

Railroad Bonds.
(Stock Exchange Prices.)
¿Alabama Mid.—*st, g., guar..1928
A. T. A 8. F —Sd, 4s, Class B.1989
Chicago A St. Lou.—1st, 6s-1915
Ooi. Mid. 1st. g., bs...............1936
A tl. * Pac.—2d W. D., gu. 6s,. 1907
Westtrn Division income.. . 1910




Bid. Ask.

SECURITIES.

Balt. A Ohio—1st, 6s, Park B.1919
5s, gold................................. 1925
uons. mort., gold, 5s........... 1988
W. Ya. A Pitts.—1st, g., 58-1990
B. A O. S. W., 1st, g., 4*88... 1990
Monon. River, 1 stg.,g. 5s. ..1919
Cent’lOhio Reor.—1st, 4*38.1930
72*3 73
Ak.A Ch.Junc.—Ist,g,5s,gu.l930
Brooklyn Elevated—2d, 5 s ... 1915
" 4% Brunsw ck A W*n—1st. g. 4s, 1938

Bid. Ask.
'115
111*3
114

111
104*3
101
*79

SECURITIES.
Bufl. Rcoh. A Pitts.—Gen., 5s.
R och .. P., 1st, 6s...............:
Roch. A Pitts.—Cons. 1st, 6s.
Buff. A Susqueh.—1st, 5s, g ..
Burl Ced. Rap. A No.—1st, 5s.
Consol. A collat. trust,5s...
Minn* A St. L.—1st, 7s, gu..
Iowa C. A West.—1st, 7s___
Ced. Rap. I. F. A N., 1st, 6s.
1st, 5 s . . . . . . . . . ..................

Bid.

Ask

*97
123
*118
96
106

io V

106

107

*95”

THE

J une 22, 1895.]

1097

CHRONICLE,

NEW iOKK STOCK. EXCHANGE PRICES.—INACTIVE BONDS—{Continued)—JUNE 21.
SECURITIES.

B id .

Ask.

SECURITIES.
Fla. Cen & Pen.—1st g. 5 s ....1918
1st con. g., 5 s ....................... 1943
Ft. Worth & R. G.—1st g., 5s..1928
Gal. Har. & San Ant.—1st, 6s.1910
2d mort., 7s...................
1905
Ga. Car. &Nor.—1st, gu. 5s, g.1929
Grand Rap. & Ind.—Gen. 5s.. 1924
G. B.W. & 8t.P .—1st, con. 5S.1911
2d ine, 4s............«..................1906
Housatonic—Cons, gold 5 s.... 1937
N. Haven&Derby, Cons.5s..l918
Hous. &T. C.—Waco & N. 7s..1903
1st g., 5s (int. gtdj............... 1937
Cons. g. 6s (int. gtd).......... .1912
Debent. 6s, prin. & int. gtd. 1897
Debent. 4s, prin. & int. gtd.1897
Illinois Central—1st,g., 4s ...1951
1st. gold, 3% s......
1951
............................ 1952
Gold 4s
Cairo Bridge—4 s ................1950
Springf. Div.—Coup., 6s___1898
Middle Div.—Reg.. 5s..........1921
C. St. L.& N . O.—Ten. 1., 78.1897
1st, consol., 7s...................1897
Gold, 5s, coupon............... 1951
Memp, Div., ls t g . 4s.......1951
Ced. Falls & Minn.—1st, 7s. .1907
Ind. D. & Spr.—1st 7s, ex. cp.1906
Ind.D.&W.—2d, 5s, g.,tr.reo..l948
Ind. Ills. & Iowa.—1st, g, 4s.. 1939
1st, ext., g. 5s........................1943
Int. & G. N’n —3d, 4s, g . . . . . . 1921
Kings Co.-F.El. ,lst,5,g. ,gu. A. 1929
Lake Erie & West.—2d g., 5 s .1941
L. 8. & M.Sou.—B.&E.—New 7s.’98
Det. M. & T.—1st, 7s............ 1906
Lake Shore—Div. bonds, 7s. 1899
Kal. All. & G. R.—1st gu. 5S.1938
Mahon’g Coal RR.—1st, 58.1934
LehighV.JN.Y.—1st gu.g.4%s.l940
Lehigh V.Term.—1st gu. 5s,g. 1941
Lehigh V ’y Coal—1st 5s,gu.g.l933
Litchf. Car.& West.—1st 6s. g. 1916
Little Rook & M.—1st, 5s, g ..l9 3 7
Long Island—1st, 7 s ............... 1898
Ferry, 1st, g., 4%s............... 1922
Gold 4s...................................1932
N. Y. & R’way B.—1st, g. 58.1927
2d mortg., ino.................... 1927
N.Y.&Man. Beach.—1st, 7s, 1897
N.Y.B.&M.B.—1st con. 5s,g. 1935
Brookl’n&Montauk—1st,6s. 1911
1st, 5 s ................................. 1911
No. Shore Br.—1st con.5s,g.l932
Louis.Evans.& St. L.—Con.5s.1939
Louis.&Nash.—Cecil. Br. 7s..1907
E. H. & Nash.—1st 6s, g ....l9 1 9
Pensacola Division, 6s ........ 1920
St. Louis Division, 1st, 6s... 1921
2d, 3s...................................1980
Nashv. & Decatur—1st,7s.. 1900
S. f.,6s.—S. & N. Ala.............1910
10-40, gold, 6s......................1924
50 -year 5s, g.,....................... 1937
Pens. & At.—1st, 6s, g o ld ...1921
Collat. trust, 5s, g ............... 1931
Lou.N.Alb.&Ch.—Gen.m.g.5s.l940
Manhattan Ry.—Cons. 4s.......1990
Memphis & Chari.—6s, gold.. 1924
1st con. Tenn lien, 7s.......... 1915
Mexioan Cent. Consol.—4s, g.1911
1st, oons. income 3s, g.,....1 9 3 9
Mex. International—1st, 4s,g.l942
Mexican National—1st, g., 6s.1927
2d, income, 6s, “ A” ..............1917
2d, income, 6s, “ B ” ............ 1917
Michigan Central—6s..............1909
Coupon, 5s.......................... ..1931
Mortgage 4s...........................1940
Bat.C.&Strgis.—Ist,3s,g.gu.l989
Mil. L. 8.&W.—Conv. deb., 5 s.1907
Mich. Div., 1st, 6s.................1924
Ashland Division—1st, 6s ..1925
Minn.& St. L.—1st, g. 7s........ 1927
Iowa Extension, 1st, 7s...... 1909
Southwest Ext.—1st, 7s...... 1910
Pacific Ext.—1st, 6s ............ 1921
Missouri Kansas <fc Texas—
1st, ext., 5s, g ........................1944
Mo.K.&T.of Tex.lst,gu.5s.g.l942
Kansas City & P., 1st, 4s, g.. 1990
Dal. & Waco—1st. 5s, gu..,.1940
Missouri Paciflo—Trust 5 s ...1917
1st coll., 5s, g ....................... 1920
St L.&I. M.-Ark.Br.,lst, 7S.1895
Mobile & Ohio—1st ext., 6s... 1927
St. L. & Cairo—4s, guar.......1931
Morgan’ s La. & T.—1st, 6s .... 1920
1st, 7s......................................1918
Nash. Chat. & St. L.—2d, 6s.. 1901
N. O. &. No. E.—Pr. 1., g., 6s..1915
N. Y. Central.—Deb. g. 4 s .... 1905
N. J. Juno—Guar. 1st, 4 s ... 1986
Beech Creek—1st,gold, 4 s.. 1936
Osw. & Rome—2a,5s,g.,gu.l915
Utica & Bl. Riv.—4s, g., gu.1922
N. Y. & Put.—1st, g., 4s. gu.1993
N. Y. N. H. & H.—1st, rev 4s. 1903
N. Y. & Northern—1st, g. 5 s..1927
N. Y. Suaq. & West.—2d, 4% s.l937
Gen. mort., 5s, g .................. 1940
N. Y. Tex. & Mex.—Ist,4s,gu.l912
Northern Pacific—g
Divid’d scrip ext................
James River Val.—1st, 6s...1936
Spokane & Pal.—1st, 6s.....1936
St.Paul & N. P.—Gen., 6 s ..1923
Helena&RedM’n—lst,g., 6s.1937
Duluth&Manitoba—lst,g.6sl936
Dui.&Man Dak.Div.—Ist6s.l937

C.OMo—Col. &Cin.M.lst,4%s.l939
90
Cent. RR. & Bank.—Col. g.5s.l937
Cent, of N. J.—Conv. deb., 6s. 1908 412
Central Pacific—Gold bds, 6t, 1895 103
Gold oonda, 6s ......................1896 104
Gold bonds, 6s ......................1897 104%
San Joaquin Br., 6s..............1900 105
Mort. gold 5s........................ 1939
97
■ Land grant, 5s, g.................. 1900 *96
Cal. & O. Div., ext., g. 5 s ...1918 106
West. Pacific—B o n d s,6 s....1899 106
No. Railway (Cal.)—1st, 6s.1907
50-year 5 s . .. . .................... 1938 92
Ches. & O.—Pur. M. fund, 6s.1898
uraig Valley—1st, g., 5 s ....1940
Warm Spr. Val., 1st, g. 5 s ..1941
........
Cues. O. & So. West.—1st 6s, g.1911 *ioë"
48
3d, 6s............................... ..1911
Oh. V.—Gen.con.lst,gu.g,5s.l938
*114%
Citcago & Alton—S. F., 6s— 1903
Louis. & Mo. River—1st, 78.1900 *114%
2d, 7s...................................1900 *108%
8 b. L. Jacks. & Chic.—2d, 7S.1898 *107%
Miss.R. Bridge—1st, s. f., 68.1912 *106
Ohio. Burl. & Nor.—1st, 5 s .... 1926 *104
Debenture 6s ......................... 1896
Ch o. Burling. & Q.—5s, s. f..l9 0 1 104%
Iowa Div.—Sink, fund, 5s.. 1919 108
Sinking fund, 4s................. 1919 98%
•^'ain, 4 s . . . . . . . . . . . . . . . . ....... 1921 89%
Chicago & Iowa Div.—5 s ... 1905 *101
101
Chio. & Indiana Coal—1st 5s.1936
Chi. Mil. & St. P.—1st,8s,P.D. 1898 *113 114
*d, 7 3-lOs, P. D ...................1898 120 124
1st, 7s, $ g ., R. D .................. 1902 126 127
1st, I. & M., 7s......................1897 118 121
1st, I. & D., 7s......................1899 120 124
1st ,C. & M., 7s......................1903 126%
1st, I. & D. Extension, 7 s ...1908 *130
1st, La C. & Dav., 5 s ....... 1919 108
1st, H. & D., 78.................... 1910 126 127
1st, H. & D., 5s.................... 1910 107
Chicago & Pacific Div., 6 s..1910 118 ____
108
Mineral Point Div. 5 s .......1 9 1 0
C. & L. Sup. Div., 5s............1921 *106
Fargo & South., 6s, A ssu ...l9 2 4
Inc. conv. sink, fund, 5 s....1916
Dakota & Gt. South., 5s. ...1916 107%
Mil. & Nor. mainline—6s ... 1910 115
Chio.&Norw.—30-year deb.58.1321 107% 107%
Escanaba & L. S. 1st, 6 s....1901 *113
DesM. & Minn.—1st, 7 s ....1907
Iowa Midland—1st, 8s........ 1900 *115
Peninsula—1st, conv., 7 s ...1898
Ohio. & Milwaukee—1st, 7 s.1898 * tïi%
Win. & St. P.—2d, 7s............ 1907 127
Mil. & Mad.—1st, 6s............ 1905 114
Ott. C. F. & St. P.—1st, 5s. 1909 ‘ 108
Northern 111.—1st, 5s........ . 1910 *108%
Ch.R.I.&P—D.M.&F.D.l st 4s. 1905 *85
60
1st, 2*38. . . . . ......................1905
Extension, 4s................. ..1905 *82
103
Keokuk & Des M.—1st, 5s.. 1923
Chio. St. P. & Minn.—1st,6 s ...1918 128%
St. Paul & 8. 0.—1st, 6s.......1919 128%
Ohio. & W. Ind.—1st, s. f., 6s. 1919 107
General mortgage, 6s.......... 1932 116
Gin Ham. & D.—Con. s. f., 78.1905 115
2d, gold, 4%s.........................1937 100
Oin. D. & Ir’n—1st, gu. 5s, g.1941 103%
Olev. Ak. & Col.—Eq. & 2d 68.1930
'92%
C.
C.C. & St. L., Cairo div.—4s,
1939
S t.Lou.Div.—lstcol.ts’t4s,g. 1990 93
Bpring.&Col.Div.—lst,g. 4s. 1940
89
WhiteW.Val.Div.—lst,g. 4s. 1940
Cin.Wab.&M.Div.—Ist,g.4s.l991
Cin. I. St. L. & O.—1st,g.,48.1936 36
Consol , 6s..............................1920
Cin.San.&Cl.—Con.lst,g.5s, 1928 1101«
112%
.Col.Cin. & Ind.—1st, 7s,s.f.l899
Consol, sink, fund, 7s.......... 1914
Cin.&Spr.—1st, C.C.O.&I.7S. 1901 '113 115
Cleve. Lorain & Wh.—1st, 5s.1933 lo7
Clove & Man. V.—Gold, 5 s ... 1938
Del. Lack. & W.—Mort. 7 s ....1907 1301« 132%
Syra. Bing. & N. Y.—1st, 78.1906 126
Morris & Essex—1st, 7s....1914 141
Bonds, 7s............................ 1900 117 118
Is of 1871...........................1901 118 119
1st, con., guar., 7s............1915 138
Warren -2d, 7 s .................... 1900 114
D.
&H.Can.—Pa. nv.,coup.7s.l917
143
Albany dt Susq.—1st, gu.,7s. 1906 125
1st, oons., guar., 6s......... 1906 119 119%
Reus. & Bar.—1st, ooup., 78.1921 142
Deuv. Tramway—Cons. 6s, g.1910
Metropol. Ky.—lst,gu. g.6s.l911
86
Denv. & R. G.—lm p.,g., 5 s ...1928 83
Det.M. &M.—L. g. 3%s,ser.A.1911 22
■>ninth <&Iron Kange—1st 5S.1937 951« 96%
Erie—1st, extended, 7s.......... 1897 106% 106%
21, extended, 5s....................1919 115
31, extended, 4 ^ 8 ...........1 9 2 3 109 l i o ­
4th, extended, 5s.................. 1920 115% n s
5 th, extended, 4s.................. 1928 101% 102
133
1st, con., g., f’ d, 7s ..............1920
Reorg., 1st lien, 6s............... 1908 106 112
N. Y. & E.—1st, 76...........1916 *130%
«.Y.L.E.&W .—F id. cou. 58.1969
Col. trust., 6s....................... 1922 105 110
Buff. & 8. W.—Mortg. 6s---- 1908
Jefferson—1st, gu. g. 5 s ---- 1909
Coal & RR.—6s......................1922
Dock <S Impt.,lst 6s, cur’ oy,19i3
Eureka Springs—1st, g., 6 s ...1933
Erans. & T.H.—1st,oons.,6s..1921 113%
.ist, general, g., 5 s ............... 1942
Mt. Vernon 1st 6s ............... 1923
E.
&T.H.— ul.Co Br.lst,g.,5s.l930
Ev.&Rieh.—1st gen.5s,g.gu.l931
95
Evans. <&Indian.—1st, cons..1926
F lint & P. Maru.—Mort., 6 s...1920 115% 117
92
88
1st con. gold, 5s
......... 1939
Norfolk & South’n—1st, 5s,g. 1941
90
e9
Port Huron—>si, 5 s ..........1939
No prie»' Frniay: tne«e are tue latest quotations made this week, t f o r Jllsoell




B id .

*97
*99
102

121
113
115
111
106
*85

Ask.

62

110
84*

110“
103%
100 103
103%
111
107%
107%
120

31

103

83%
95%
32
72

104%
109
127% 128%
112%
114
117
104
111%

109
94

95

102
37% 43
100
100
104%
37%
108
110

103
121
65
112%
108
100%
98 100
102 103
103
75
100 100%
105

110

37%
118
118
102

9%
118%

*105
130
*129
139 143
123%
123% 124%
118
90%
83
85% 86
76
74
85% ........
*80
*73
103 104
*112
*75
112
125
*105
107
102%
100
107 108
104
100
*116%
81
70
90
83
60
*
120
*79
*77%

*104

75

SECURITIES.

B id .

N orfolk* West.—General, 6s.1931
New River 1st, 6s................. 1932
Imp. & Ext., 6s... . . .........1 9 3 4
Adjustment M., 7s............... 1924
Equipment, 5 s ..................... 1908
Clinch Val. 1st 5s.................1957
Roanoke&So.—1st, gu. 5s, g.1922
Scioto Val. & N. E.—1st,4s,.1990
Ohio & Miss—Cod sol. 7 s ........1898
2d consol. 7 s .........................1911
Spring.Div.—ls t7 s ..............1905
General 5s..............
..1932
Ohio River RR.—1st, 5s..........1936
Gen, g .,5 s..............................1937
Oregon & Califor.—1st, 5s, g.1927
Oreg. Ry&Nav.—Col.tr. g..5s.l919
Penn-P. C. G. &St. L. Cn. g. 4%s A1940
Do
do
Series B ........
P.C.&8.L.-lst,o.,7s............... 1900
Pitts. Ft. W. & C.—1st, 7s... 1912
2d, 7 s ................................. 1912
3d, 7s...................................1912
Ch.St.L.&P.—1st,con.5s,g...1932
Clev. & P.—Cons., s. fd., 7s.1900
Gen. 4%s, g., “ A” ............ 1942
St. L .V .& T .H .—1st,6s., 78.1897
2d, 7s...................................1898
2d, guar., 7 s . .. . ................. 1898
Gd.R.&I.Ext.—lst,4%S,G.g. 1941
Peo. &E.-Ind.B. &W.-lst,pf .7s. 1900
Ohio Ind.&W.—lstpref. 5s. .1938
Peoria & Pek. Union—1st, 6s .1921
2d mortg., 4%s......................1921
Pitts. Cleve- & Tol.—1st, 6s... 1922
Pitts. * L. Er.—2d g. 5s, “ A” . 1928
Pitts. Mo. K. & Y.—1st 6s___ 1932
Pitts. Painsv. & F.—1st, 5 s ...1916
Pitts. Shen. & L .E.—1st,g.,5s.1940
1st consol. 5s.................
1943
Pitts. & West.—M. 5s, g.1891-1941
Pitts.Y’gst’n&A.—1st, 5s,oon.l927
Pres. & Ariz. Cent.—1st, 6s, g.1916
2d inoome 6s ......................... 1916
Rio Grande So.—1st, g., 5 s ...1940
St. Jos. & Gr. Is.—2 d in c........ 1925
Kan. C. & Omaha—1st, 5s.. 1927
St. L. A. & T. H.—Term. 5 s..1914
Bellev. & So. 111.—1st, 8s. . .1896
Bellev. & Car.—1st, 6s.........1923
Chi. St. L. <&Pad.—lst,gd.g.5 s 1917
St. Louis So.—1st, gd. g. 4 s.1931
do
2d income ,5s.1931
Car. & Shawt.—1st g. 4 s .... 1932
St. L. & S. F.—2d 6s, g., ol. A . 1906
General 5s..............................1931
1st, trust, gold, 5s............... 1987
Kan. City & 8.—1st, 6s, g ...l9 1 6
Ft. 8. & V. B.Bg. -1 st, 6s ... 1910
Kansas Midland—1st, 4s, g.1937
St. Paul & Duluth—1st, 5s---- 1933
2d mortgage 5s........ ............ 1917
St. Paul Minn * M.—1st, 7s.. 1909
2d mort., 6s . . . . .....................1909
Minneap. Union—1st, 6s___1922
Mont. Cen.—1st, guar., 6s.. 1937
1st guar. g. 5s.................... 1937
East. Minn., 1st div. 1st 5 s.1908
Wilmar&SiouxF.—1st, g,5s.1938
San Fran. & N. P.—1st, g., 5s.l919
Southern Railway—
Alabama Central—1st 6 s ...1918
Atl. & Char.—1st, pref., 7s.. 1897
Income, 6s ............
..1900
Colum. & Green.—1st, 5-6S.1916
E. ''«an. V. & Ga.—Di iris. 5s 1930
R ich.* Dan.—Eq. s. f. g. 5s.1909
Deben. 5s, stam ped........ 1927
Vir’a Mid.—Serial ser.A, 6s. 1906
1911
Series B, 6s ............
Series C, 6 s... . . .. . . . . . . . - . 1 9 1 6
Series D, 4 -5 s.........
1921
Series E, 5 s . . . . . . . .............1926
Series F, 5s................. .....1 9 3 1
Wash,O.&W.—1st our.gu.4s.1924
Ter.RR.As’n of 8t.L.-lst,4% s.l939
Texas &New Orleans—1st,7s. 1905
Sabine Division, 1st, 6s.......1912
Consol. 5 s , g . . .. . . . . .........1 9 4 3
Tex. & Pac., E. D.—1st, g. 68.1905
Third Avenue (K.Y).—1st 5s, 1937
Tol. A. A. & Cad.—6s ............... 1917
Toledo A. A. &G’ dTr.—g. 6s.1921
Tol. A. A. & Mt. PI.—6s.......... 1919
Tol. A. A. & N. M.—5s, g........ 1940
T.&O.C.—Kan.&M., Mort. 4S.1990
Tol.P.&W.—1st 4s,ino.f’d.cou.July
Ulster & Del.—1st, con.,6.,5 s.1928
Union Pacific—1st, 6s............. 1896
1st, 6s ..................................... 1897
1st, 6s.................
1899
Collateral Trust, 6s..............1908
Collateral Trust, 5s..............1907
Kansas Pacific—1st 6s, g ...l8 9 5
1st, 6s, g ..............................1896
C. Br. U. P - F . o., 7s.......... 1895
Atoh. Col. A Pac.—1st, 6s... 1905
Atch. J. Co. & W.—1st, 6s ... 1905
U. P. Lin. & Col.—1st,g., 5s. 1918
Oreg.S.L. & U.N. ,col.trst.,5s.l919
Utah & North.—1st, 7s........ 1908
Gold, 5s...............................1926
Utah Southern—Gen., 7s ..1909
Extern, 1st, 7s........ .........1909
Valley R’y Co. of O.—Con. 6s.1921
Wabash—Debenture, Ser. A .. 1939
Debenture, Series B ............1939
Det. & Chic. Ext. 1st, 5s, g ..l9 4 0
No Missouri—1st, 7s.......... 1895
Sf L.K.C.&N.—R.E.&RR.7S.1895
St. Charles Br’ge—1st,6s.. .1908
West. Va. C. & Pitts.—1st, 6s. 1911
Wheei.&L.E.—1st. 5s, gold ... 1926
Extension & Imp, g., 5s.......1930
y?is. Cent, income 5s.............. 1937

118
108

n e o u i a n d U nlisted H o n d a .

Ask.

70
55
81
109
119

119

*78
*60%
110 110%
110

114
117

118%

110%
113
112
65

*84% 88
78*

104
103
102%
102
*85
115
94% 98
82
*79
ioo*
404 105
114 115
117% 118%
117
Ï18*"
103% 104%
*95
412

115

4 10
113

118
98%
98% 100

.......
*94
120%

70

*78
"78% 79%
80
75
101
106 106%
106%
107 108
100
*74
106% 107%
107%
40

"42%

42
27% 29%
100
68
68
29%
28
100
403%
103
106
108
103% 104
92
41

See 3d page preceding.

THE CHRONICLE.

1098

Roads.

fm te s lr a m t
AND

R a ilr o a d

% n te H iQ m te .

RAILROAD LEARNINGS.”
The following table shows the gross earnings of United
States railroads (and also a few Mexican and Canadian roads)
for the latest period reported. The statement includes every
road from which regular weekly or monthly returns can be
obtained. The first two columns of figures give the gross
earnings for the latest week or month, and the last two col­
umns the earnings for the calendar year from January l to
and including such latest week or month.
Roads.

Latest Earnings Reported.

J an. 1 to Latest Date.

1894.
1895.
gt
$
67.500
53,469
Adirondack....... April........
10,96'
11,181
47.040
47.040
57,131
Ala. Midland... January...
57,131
745,923
206,955
659,901
Allegheny V al.. April........
170,260
25,444
30,140
6.577
Ark. Midland... April........
6,013
Atoll. T. & S. Fe. 1st wkJ'ne 556,986 449,358 12,035,317 11,79.5,187
St. L. & San F. 1st wkJ’ne 100,594 102,017 2,403,202 2,426,265
Atlantic & Fac 1st wkJ’ne
95,555
62.007 1.605.567 1.365,271
Agg. tota l... 1st wkJ ne 753,135 613.382 16,044,086 15,58-1,723
150,578
159,580
Atlanta * W. P. A pril........
32,618
32,811
218,259
10,330
240,596
Atlan. & Danv.. 2dwk June
10,785
Austin & N’west April........
70,821
21,952
75,006
19,906
1,376,922 1,272,105 6,439,643 6,216,772
B.&O. East Lines May.
Western Lines May.
413,705 337,975 2,098,687 1.728,853
Total........... May.
1,790,627 1,610,080 8,538,330 7,945,625
Bal.&O. Sou’w .. 2dwk June 110,783 100,647 2,737,751 2,659.599
Bangor AAroost. April
244,357
70.909
97,888
24,27“
Bath & Ham’ndh April
1,555
1,931
6,380
7,071
Bir. & Atlantic.. May.
6,661
1.971
1.339
9.350
Brooklyn Elev 2dwk June
835,251
33,636 1,023,670
38,111
Bruns w’k&West J anuary..
44,614
44.614
48,463
48,463
B uff. Rooh. «fePitt 2dwk June
62,346
27.965 1,268,496 1,018,967
Bur. C. Rap. & is 2dwk June
62,929 1,580,768 1,616,«85
71,809
Camden & Atl. April.
66,52b
194,089
190,344
55,759
CanadianPaciflc 2d wk June 332,000 323,000 6,711,948 7,319,086
Car. Midland... May.........
2,174
13,889
2,011
19,178
Cent, of Georgia April.......
331,946 325,806 1,519,360 1,797,685
Central of N .J.. April....... 1,019,401 912.382 3,705,417 3,466,414
Central Pacific.. April....... 1,072,081 1,117,190 3,709,910 3,749,928
Charlest’n&Sav, January..
53,241
53,241
67.247
67,247
Cheraw.&Darl.. A pril.......
9,775
4,773
38,778
31,813
Ches. <feOhio.... 2dwk June 184,688 166,997 4,172,177 3,761,161
Ches.O.&So.W.. 1st wkJ’ne
30,453
949,546
43,748
840,490
Chic. Bur. & No. April.
139,364 128,932
528,077
526,587
Chic. Bur. <fe Q.. April.
2,333,145 2,495,647 9,032,107 10,280,374
Chic. <feEast. Ill 2dwk June
68,382
41,195 1,595,518 1,404,013
Chicago & Erie. April.
831,775
217,324 178,416
735,675
Chic. Gt. West’n . 2dwk June
62,041 1,498,693 1,544,389
64,227
Chic. Mil. & St. P. 2d wk June 523,158 540,007 11,337,937 12,419,237
Chic. & N’thw’n . April........ 2,138,257 2,177,470 8,174,142 8,958,430
Chic.Peo.&St.L. 2dwk June
19,184
12,216
406.98
307,687
Chic.R’ k I.& P .. M ay..
1,167,213 1,376,775 5,638,367 6,809,112
Chic.St.P.M.&o April.
466,349 511,921 1,897,339 2,269,919
Chic. &W. Mich 2dwk June
28,975
26,063
70d,950
656,160
Choo.OkL &Glf, March
74,912
56,421
240,702
165,732
CirnGa. & Ports. M ay..
6,759
5,145
24,088
26,129
dn.& K ent. Sou. A p ril..___
1,532
1.578
Cin.Jaok.* Mac. 2uwk June
10,773
10,967
251.456
265.267
Cin.N.O. & T.P . 3d wk May
47.000 1,268,000 1,286,000
55.000
Ala. Gt. South. 3d wk May
20,00b
17.000
531.000
507.000
N. Orl. & N. E. 3d wk May
15.000
19.000
485.000
431.000
Ala. <&Vioksb. 3d wk May
7.000
6,000
186.000
187.000
Vicks. Sh. & P . 3d wk May
8.000
6,000
189,000
190.000
Erlanger Syst. 3d wk May 109,00<
91.000 2,659,000 2,601,000
Oin. Ports. & V. May..........
26,052
21,050
98,829
92,775
Clev.Akron&Co. 2dwk June
16,302
18.448
398,417
38b,773
Clev.Can.<feSo.. 1st wkJ’ne
7,982
9,771
251,609
202,092
Oi.Cin.Ch.&St.L Istwk J ’ne 262,432 242,732 5,646,713 5,13»,986
Peo. & East’n April........
149,440 115.455
560,426
479,679
d.Lor.<fe Wheel 2d wk June
13,750
18,317
499,692
404,012
Col. M idland.... 4th wk Apr
38,544
45,272
498,999
496,275
OoLH. V .& Toi. May..........
124,842 104,886
875,215
914,830
Col. Sand’y <fe H. 2d wk June
11,675
329,156
8,748
228,706
Colusa & Lake . M ay..
1,250
1,800
6,420
6,359
Crystal............... April.
2,341
123
808
3,572
Cumb’l’ d Valley. April.
60,044
58,345
230,768
225.347
Denv. & Rio Gr. 2dwk June 139,900 110,60» 2,886,024 2,744,390
Det.Lans’g&No. 2dwk June
19,692
18,436
489,055
457,474
23,803
93,296
Det. & Mackinac April,
20,226
85,756
DuluthS.S.&Ati. st wkJ’ne
37,92b
44,739
763,029
604,315
Elgin. Jol.&East M a y..
91,312
456.978
6 ?,86 u
436,519
Eureka Springs. March
5,461
4,617
14,40«
15.654
Evans. & Ind’plis 2dwk June
3,194
4,491
116.456
122,219
Evans. & Rich.. 2dwk J une
2,572
1,827
43,155
44,274
Evansv. & T. H . 2dwk June
19,43a
16.247
461,828
455,431
Findlay Ft W <feW January..
5,448
4,658
5,448
4,658
Fitchburg.......... April.......
575,838 542,320 2,155,946 2,016,430
Flint & P. Marq. 1st wkJ’ne
45,263
42,630 1,059,398 1,061,046
Fld.Cnt.& Penin Istwk Jan
53,440
59,710
53,440
59,710
Ft.W. & Rio Gr. 2dwk June
7,050
161,560
3,945
113,695
Gads. & Att. U. May..........
867
627
3.328
2,605
Georgia R R ..... 2dwk June
18,644
18,331
533,383
573.347
Ga.Car’la & iso. April.,
50,562
51,838
246,287
24»,517
Geo. So. <fe Fla.. M a y ..
65,934
59,979
319,358
351,277
38,151
Gr. Rap. <fe Ind. 2*1wk June
34,756
884,543
806,684
Cin. R.&Ft.W. 2dwkJune
8,436
7,292
192,726
169,318
Traverse City. 2dwk June
557
19,3-»7
859
23,177
2,140
Mus. G. R. & I. 2dwk June
2,413
54,997
41,236
49,284
Tot. all lines 2d wk June
45,320 1,151,646 1,040,414
Grand Trunk... WkJunel5 326,894 324,375 7,535,866 7,695,527
Chic. <fe Gr. Tr. WkJune 1
57,127 1,113,019 1,213.840
59,427
Det.Gr.H.&M. WkJune 1
18,238
16,565
371,162
385,062
Great North’n—
St. P. M. & M. May.......... 1,002,609 813,161 4,139,194 3.397.219
85,473
East of Minn.. May..........
104,555
438,008
327,172
Montana Cent. May..........
124,137 144,808
603,476
548,332
Tot. system. May........... 1,231.301 1,043,442 5,180,678 4,272,723
Gulf a Chicago. May..........
3,333
3,435
17,252
16.654
Hoos.Tun.A Wil. April........
3,132
4,342
15,164
10,597
Hous.E.&W.Tex May..........
39,500
27,417
207.979
164,578
Humest’n&Shen M ay.........
6,700
8,210
39,600
46,763
Illinois Central. May.......... 1,605,209 1,427,87b 7,673,437 7,179,988
Ind. Dee.&West. Istwk J ’ne
6,472
7,405
190.321
144,351
Ind. 111. & Iowa. April........
60,355
65,071
273,164
246,877
In .* Gt. North’n 2d wk June
52,599
43,971 1,621,919 1.305.219




Week or Mo

1895.

1894.

j VOL.
Latest Earnings Reported.

WeekorMoi

1895.

1894.

! Jan. 1 to Latest Daté.
1895.
$
962,878
667.621
21,526
192,881
11,617
193,421
1,814.303
414,542
91,232
2,068
215,075
90,=>10
138.961
32,839
1.532.485
181,855
1,306,443
74,410
606,956
8,206,315
1,303,776
161.577
-61
28.932
55,156
459,566
4,202.702
854,106
1,962,478
207,126
1,488,134
204,023
747,212
4.741.485
9,426,344
241,599
9,667,943

1894.

S
49,252
t Interoo. (Mex.) Wk May 25
48,817
998,833
30,213
2?,630
low a Central.... 2dwk June
758,908
4,455
2,609
Iron Railw ay... May.
16,810
32,761
Jack. T .& K . W. April
66,488
366,325
3.578
3,125
J amest’n & L. £ April
12,101
10,474
5,695
Kana wha& Mich 2d wk June
158,412
68,411
77,764
K.C.F.Soott AM. Istwk J ’ne
2,021,414
16.623
16,522
K.C. Mem.& Bir. 1stwk J’ne
435,723
18,618
Kan.C. N. W .... May.
22,498
128,076
377
1,084
Kan. C.&Beat. Mac.
5,242
9,123
9,105
K.
C. Pitts.
& G ..J ’ne
Istwk
153,956
7,157
6,532
Kan.C. Sub. Belt Istwk J ’ne
90,091
6.533
Keokuk & West. 1st wkJ’ne
6,233
158.420
4,262
L. Erie All.&So May.
6,296
28 9 ¡7
65,48
L. Erie & West.. 2d wk June
63,836
1,365,654
Lehigh & H ud.. May.
39.271
42,092
162,889
363,141 371,301
Long Island....... May.
1,358,164
11.562
Los. Ang. Term. May.
13.078
65,225
Louis.Ev.&St.L. 2dwk J une
27,391
24,536
( 27,479
Louisv.&Nashv. 2dwk June 350,580 356,250
8,386,849
61,374
Louis. N.A.&Ch. 2dwk June
61,110
1,162,322
6,950
Lou. St.L.& Tex. 1st wkJ’ne
8,608
166,830
4,295
Macon & Birin.. May.
4,
30,654
15,570
8,747
Manistique........ May.
20,217
17,129
Memphis&Chas. 1st wkJ’ne
23,173
543,454
{Mexican Cent.. 2dwk June 174,225 165,614
3,914,459
Mexican Inter’l April
218.601 155.491
719,367
86,485
IMex. National. 2dwk June
74,840
1.913,940
Mex. Nortnem.. April........
58,948
56,309
210,497
{Mexican R’way WkJune 1
63,710
64,450
1,337,187
Mexican So....... 4thwkMa'
13,320
13,098
216,115
Minneap.cfe St.L. 2dwk J une
35,845
30.064
720,175
Mo. Kan. & Tex. 2d’wk J une 191,613 146,818
3,°49,900
Mo.Pac. &lron M 2dwk June 360.000 319.000
9,460,751
Central Br’ch. 2dwk J une
9,000
13,000
375,491
Total........... 2d wk June 369.000 332.000
9,836,242
Mobile & Birm.. 1st wk Apr
6,431
5.098
M obile* Ohio.. M a y..
294,465 260.012 1.344,350 1,343.821
Mont.&Mex.Glf. May. .
100,01«
90,704
530,681
471,879
Nash.Ch.(feSt.L. M ay..
388.066 358,647 1,893,563 1,901,250
Nevada Central. April.
2,574
7,982
2,226
9,254
N. J ersey* N.Y. March
25,885
24,339
71,304
67,139
New Orl. & So’n. April.
5,856
5,
«37 25,393
33.849
N.Y. C .& H .R .. May.......... 3,608,066 3,304,803 16,894,113 16,300,442
N. Y. L. E.& W .. A pril.
2,017,248 1,949,374 7,870,656 7,349,692
N.Y. Pa. (feOhio. March
548.365 481,087 1,458,633 1,250,128
N .Y .O n t.& W.. 2dwk June
81,934 1,546,840 1,521.592
75,827
N.Y. Susq.&W.. April
173,500 137,220
724,157
547,673
Norf. &South’n February.
26,688
30,258
62,114
66,720
Norfolk & West. 2dwk June 136,279 240,211 3,979,016 4,279,653
North’n Centra) April.
510,601 444,078 1,998,127 1,775,272
North’n Pacific 2d wk June 303,522 242,708 6,437,860 5,841,203
Oconee & West April.
2,245
1,806
7,359
10,530
Ohio River....... 2d wk June
18,155
14,143
299,330
272,763
Ohio Riv.& Chas M a y..
13,644
12,032
74,259
71,103
Ohio Southern. 2dwk June
8,128
7,398
302,207
261,392
Omaha & St. L. March.......
23,601
37,738
67,330
121,285
Oregon Imp. Co April........ 254.776 326,544 1,004,221 1,188,931
Ow.F.Rou.&Q.R March.......
3.524
2,711
Pennsylvania... April........ 5,205,472 4,764.016 19,436.910 17,838,52*8
PeoriaDee.&Ev 2dwk June
13,697
14,990
397.70.=»
345,202
Petersburg........ April........
48,524
46,907
168,270
184.893
Phila. & Erie... April........ 313.723 272,686 1.094,414 1,044,637
Phila. & Read’g. April........ 1,649.031 1,475.259 6,348,712 5.684 015
Coal&Ir. Co... A pril........ 1,673.155 1,428 055 7,190,130 5,740 016
Total both Cos. A pril........ 3,322,18b 2,903.314 13,538,842 11.424 031
Pitts. Mar. (feCh. May...........
• 1.604
3,278
16.715
13 617
Pitt.8hen.(&L.E. 2dwk June
14,919
8,253
238,435
155,935
Pittsb. & West.. 2dwk June
37.216
27,761
672,429
535,439
17 595
Pitta. Cl. &Toi 2dwk June
8.410
3 42,554
254 290
Pitts. Pa. & F. 2dwk J une
7,741
9,699
121.902
109,862
Total system. 2d wkJune
43.912 1,155.986
64.510
918,716
Pitt. Young.* A. May..........
87.810
153.291
527.814
306,266
Quincy O.&K.C May..........
19,866
20,118
9 7 ,7 6 2
92,506
Rich.Fr’ksb.&P. A p ril..___
59,112
59,518
221,641
284,376
Rich. & Petersb. April........
28,371
28.716
103,534
110,298
Rio Gr. South’n 1st wkJ’ne
7,410
6,139
152,337
135.890
Rio Gr. West’n .. 2dwk J une
41,500
36.10b
927,215
861,689
Sag.Tuscola&H. May..........
9,373
9.063
45,209
42.574
Sag.Val. & St. L. April........
7.451
6 945
26,878
27 222
St. L. A. &T. H Istwk J ’ne
14,480
18,000
545,016
549,333
1.692
St.L.Ken’et(&So. M ay._____
2,921
14.132
11.070
St.L.Southw’rn. 2dwk June
81,70b
63,30b 2,08«,387 1.817,036
St. Paul & Dul’tL May.......... 117.470 140,038
485,975
499.114
San A n t.* A.P April........
160.975 134.995
624,043
459 373
S.Fran.&N.Pao. 4tnwkMay
26,480
28.924
281,172
286,986
Sav. Am. & Mon. 1st wkJ’ne
8,263
5,606
187.934
180 629
Sav.Fia. & West. J anuary... 319,124 382,627
319.124
382 627
8her.Hnrev.& So 1st wkJ’ne
4,256
3.583
141,156
115,418
Silverton........... May. .
6,100
3.098
So. Pacific Co.
Gal.Har.&S.A April........
379,368 352,23
1,504,163 1,289,193
Louis’aWest. A pril........
86,074
58,818
387.451
323,913
Morgan’ sL&T April........ 436,256 412,528 2,053.514 1,771 000
N.Y.T.&Mex, April........
20.894
27,836
82,583
71,990
Tex.&N. Orl.. April........
137,408 117 626
549,733
521,703
Atlantic sys.6, April........ 1,089,161 968.811 4,681,684 4,018.402
Pacific system April........ 2,534,101 2.758,756 9,534 34b 9 663 308
Total of all. April........ 3,623,262 3.727.567 14,216,030 13,681,710
So. Pao. of Ca) April........
828,046 863,159 3,113,159 3,111,102
So.Pao.of Ariz April........
172,027 179,016
790,307
b8 >>,0b2
So.Pao.ofN.M A pril........
86,848
87,877
356,337
309 613
Northern Ry.. April........ • 134,37« 194,052
557,742
673,155
Southern R y ... 2d wk June 309,342 289,410 7,633.452 7,766,727
8taten l si. R. T. April........
281,652
77,111
71,918
245.508
Stony Cl.&CMt.. April........
1,619
5,564
2,023
5,089
Stut. & Ark. Riv. April........
1,384
92b
Summit. Branch. May..........
103,55 (
501,180
379 347
85,584
37,640
Lyk. Val. Coal May..........
292 449
85,731
337,837
Tot’lboth Co’t- May........... 141,194 171,315
717,184
793 629
8 «,254
Texas & Pacific. ¿dwk June
87,494 2,868,248 2,694,819
I 8X.S. Vah&N. W M a y....
3.009
17,509
17,930
3,186
Toi.A.A.&No.M. 2dwk June
20,631
465,072
459,170
18,355
Tol.(fe Ohio Cent. 2d wk June
29.66
594,948
669.708
14.626
Tol. P. dc West. Ist wkJ’ne
19,598
351,541
406.301
13,876
Tol.St.L.(feK.C 2dwk June
30,438
590,041
719,070
30,169
Union Paoillo—
Un. Pao. RR. April........ 1,083.344 1,104,232 4.069,781 4,229.208
Or.S.L. & U. S April........
3s9,b4« 439,38* 1,381,808 1,532,301
8t.Jos.&Gd.Ie April........
41,915
186.108
72,741
284.388
Kan.C.&Om April........
5,056
ll,O o 2
23,213
44,845
Tot. it. J.&G.l 1st wkJ’ne
12,300
424.441
16,900
265,291
9,00o
Gent.Br........ < 2d wk June
13,000
241,5 «9
375,491
Acn.Col.&P. »
21,003
34,852
89,009
130,947
Ach.J.C.* W April....
GFd total. *( April
1,664,889 1,839,082 6,242,779 7,002,489

THE

J u n e 22, 1895.J
Latest Earnings Reporten.

CHRONICLE,

Jan, 1 to Latest Vate.

R o a d ft

Un. Pac.—Con.
U.Pac.D .&G .
F tW ’th&D.C.
Ulster & Del___
Wabash.......... .
Waco & Northw.
West Jersey......
W.V.Cen.& Pitts
West Va.& Pitts.
Western of Ala..
West. Maryland.
West. N.Y. &Pa.
Wheel. <fe L. Erie
Wisconsin Cent.
Wrightsv. <feTen.

Week or Mo

1895.

1894.

April........
4th wkApr.
April........
2d wk June
A pril........
April........
May..........
March.......
A pril........
April........
1st wkJ’ne
2d wk June
1st wkJ’ne
May..........

*
210,259
21,311
31.983
223,505
15,850
117,167
89.684
30.119
35,808
92,586
61.600
19,487
97,181
7,983

*
$
$
879,066
870,644
213,668
354.169
20,631
349,918
104 804
30.79 1
98,861
189.914 5,163,869 4,869,062
13,372
74,840
55,604
112,935
390,561
411 356
404,352
57,-: 21
361,696
32.1 9
74,258
8 *,941
37,434
156,42’166,408
355,547
91,649
324,83 *
45,30o 1,274,583 1,130,719
9,782
519,586
483,104
78,700
4,836
33,088
31.680

1895.

Street Railways and Traction Companies.
R oads.

Latest Earnings Reported.
Week or Mo

1895.

1894.

Jan. 1 to Latest Date.
1695.

2d week of June.

1894.

1894.

Toledo St. L. & Kan. C...
Wabash ........................
Wheeling & Lake E rie...
Total (58-< »ad-* i .
N-’ insrnase (7*96 p. ’ '. .

1099
1895.

1894

$
30,438
223,3i»5
19.487

$
30,1 «9
189.914
9,782

5,097,104 4.721,343

Increase.

Decrease.

9

9

269
33.391
9,705
513,543
3 7 5 ,-6 ’

137,782

F o* the first week of June ou r final statem ent co v e rs
82 roads, *nd shows 10-13 Der cen t gain in the a ggregate.
1st week o f June.

1895

1894

$
*
Prev’ly reported (66 r’ ds) 5,522,956 5,075,134
».toil. Top. at San. Fe.......
556,936
449,358
St. Louis & San Fr........
100,594
102,017
Atlantic & Pacific........
95,555
62,007
Burl. Cel. Rap. & North
67,-64
65,423
Cleve. Canton & South’ n
9,771
7,982
Duluth So. Shore <fe Atl
44,739
37,926
Ft. Worth & Rio Grande.
5,090
3,141
Kan. City Ft. S. & M em ..
68,411
77,764
Kan. City Mem. & Birm..
16,623
16,522
Keokuk <te Western..........
6,53 s
6,233
Louisville St. L. & Texas.
6,950
8.6i»8
Memphis & Charleston..
17.129
23.173
Savan. Amer. & Mont__
8,263
5,6 >6
Sherman Shreve. & S o...
4,256
3.583
Toledo Peoria & West’n..
19,59?
13,876
Western N. Y. & P en n..
61,600
45,300

Increase.

9

597,539
107,628
33,548
1,636
1,789
6,313
1,919

Decrease.
9
149,717
1,423

9,353
$
101
Baltimore Trac. May..........
95,468
300
Bingh’ton St.Ry M ay.........
38,339
1,658
Bridgep’t Trac. 2dwk June
47,769
6.044
Brockt’ n Cou.St. May...........
77,340
2,6 -7
B’klvn Trac'n—
673
289,799
Atlantic Ave May..........
82,4«4
83,822
3=0,570
5,722
B’klnB &W.E. M ay,........
12,119
35,294
H',87i
30,723
16,300
32,515
Buffalo R y........ 1st wkJ’ne
37,796
682,640
626.195
56,282
41,397
222,249
174,022
Gin Newp.&Cov May..........
Total (82 roads)............ 6,612.118 6,003,658
776.655
168,195
Citizens’ Ind’lis. April........
74,202
64,209
264,393
235,910
Cleveland Elec. April........
115,425 100,978
426,475
347,544 Net increase (1013 p. e.)
603.460
............
............
..........
11,799
Columb’s 8t. Ry. 2d wk June
266,314
237,413
13,459
Deny Con.Tram May...........
63,671
59,312
273,908
283,318
T h e fo llo w in g w ill fu rn ish a com p a rison o f th e w e e k ly
Duluth St. Ry. April........
16,901
15,563
63,158
57,382 results fo r a series o f w eek s past.
Gaiv’stn CityRy May...........
20,432
18,453
77,940
71,945
W EE K L Y GROSS EARNINGS.
Lehigh Tract’n. May...........
10,953
5,385
25,342
43,909
Lock Haven Tr.
l,a29
------ Changes.---------,
35,066
Louisville R y ... 1st'wkJ’ne
32,133
Eeriod and number o f
1895.
1894.
Amount.
Low.Law.&Hav May...........
36,554
89.819
21,501
134,587
roads included.
$
$
JP» ct
$
Lynn & Boston. 2dwk June
31,709
27,738
520,616
469,566 Apr.—1st week (31 r’ds). 6,544,574 6,395,262
149,312 Inc.
2-33’
Nashv’ le St. Ry. May..........
27,867
27,223
“
2d week (80 r’ds). 6,369,409 6,372,671
3,232 Deo. 0*05
New England St W kJunelö
(‘,295
5',694
“
3d week (81 r’ ds). 6,549,617 6,364.433
185,184 Ino. 2-91
New Orl’ns Trao 1st wkJ’ne
37,215
23,497
552,346
403.717
“
4th week (79 r’ds). 8,530,102 7,724,802
805,500 Ino. 10-43
8cranton Trao’n May...........
25,000
20,409
103,900
93,688 May—1st week (s o r’ds). 6.236,972 5,995,710
241,262 Inc. 4*02
ThirdAve.(N. Y.) May........... 238,572 190,629
“
2d week (79 r’ ds). 6.291,9 )5 5,935,237
356,668 Inc. 6 02
Toronto St. Ry. May..........
86,047
364,451
353,638
82,238
“
3d week (77 r’ds). 6,338,606 5,845,253
493,353 Ino. 8-44
Twin City R. T.. April........
152,916 152,265
590,074
585,064
“
4th week (32 r’ds). 9,453,374 8,880,481
572,893 Inc. 6-45
Worcester Cons. April........
32,475
26,798
119,739
99,056 June—1st week (82 r'ds). 6,612,118 6.013,658
60 <,4 >0 inc. 10-13
“
2d week (58 r’ ds). 5,097,104 4,721,343
375,761 Inc. 7-96
* Figures given do not include Oregon Ry. & Nav., Un. Pao. Denver &
« u lf, Deuver Leadvllle & Gunnison, Montana Union and Leavenworth.
Net Earnings Monthly to Latest Dates.—T h e fo llo w in g
Top e ta & Southwestern.
a These figures include results on leased lines.
sh ow s th e gross a n d n et ea rn in gs t o la test dates o f a ll ra ilroa d s
b Includes earnings from ferries, etc., not given separately. 1 Mexl- fu rn ish in g m o n th ly statem en ts. T h e co m p ila tio n in clu d es
oan ourrenov. c Inoludes only half of Lines in which Union Pacific has
ev ery roa d fr o m w h ich w e ca n g e t retu rn s o f th is ch a ra cter,
a half interest.
and in th a t fo r m is g iv e n o n ce a m on th . E a rly retu rn s are
Latest Gross Earnings by Weeks.— T h e la test w e e k ly earn­ published fr o m w eek to w eek , as soon as issu ed , b u t f o r the
con v en ien ce o f o u r readers a ll th e roa ds m a k in g returns are
in gs in th e fo r e g o in g are sepa ra tely su m m ed u p as fo llo w s :
b rou gh t tog eth er h ere in th e w e e k in w h ich w e pu blish ou r
F o r the se con d w eek o f Ju n e ou r p relim in a ry statem en t
m on th ly a rticle o n n et ea rn in gs— say on or a b ou t th e 20th o f
co v e rs 58 roads, a n d sh ow s 7*96 per ce n t gain in th e a g g re ­ the m on th . W e also a dd the street ra ilw a y s at the end.
ga te.
-Gross Earnings.-----, ,---- Net Earnings.---- ,
1895.
1894.
1895.
1894.
Roads.
$
$
$
$
2d week o f June.
1895.
1894.
Increase. Decrease.
Adirondack............... Apr.
11,181
10,967
1,534
2,329
Jau.
1
to
Apr.
30___
67,500
53,469
30,253
18,060
$
$
9
9
Atlantio & D anville......
10.330
10.785
47,040
57,131
2.399
455 Alabama Midland.... Tan.
7,700
Bait. i& Ohio Southwest.
110,783
100,647
344,713
334,621
July 1 to Jau. 3 1 ....
10,136
36,161
46,066
Brooklyn Elevated..........
38,111
33,636
4,475
Allegbeny
Valley___Apr.
256,955
170.260
89.976
64,183
Buffalo Roch. & Pittsb’g.
62Í346
27,965
34,381
745.923
659,901
Jan. 1 to Apr. 3 0 ....
284.956
260,635
Burl. Ced. Ran. & North.
71.809
62,929
8.880
Arkansas Midland...Apr.
6,577
6,013
132
2.370
Canadian P a cific...........
332.000
323,000
9,000
Jau.
1
to
Apr.
3
0
....
30,140
25,444
13,511
13,256
Chesapeake <&Ohio........
184,68s
166,997
17,691
Chicago <fc East. Illinois
68.382
41.195
27,187
At.T. & S. F e . . A p r . 2,356,962 2,393,776
409,952
390,769
Chicago Great Western.
64,2 «7
62,0 U
2,186
Jan. 1 to Apr. 3u___ 9,075,883 9,052,452 1,862,408 1,669,560
Chicago Milw. & St. Paul
5 *3 .¡5«
540,007
July 1 to Apr. 30___ 24,366,569 27,084,858 5,879,075 8,16.5,921
16,349
Chic. Peoria & St. Louis.
19.184
12,116
St. L. & San F r..b . Apr.
487,732
450,214
6,968
135,303
133.754
Chic. & West Michigan...
28,9 5
26,063
Jan. 1 to Apr. 30___ 1,837,800 1,844.152
2,912
678,382
589,644
Cin. Jackson & Mackinaw
10,77 s
10.967
Juiy 1 to Apr. 3 0 .... 5,156,681 5,270,307 2,195,740 1,985,712
194
Cleve. Akron <feColumbus
18,448
16,302
312,370
315,290
2,14é
Atlantio <fc Pac. .h.Apr.
33,843
47,287
Clev. Lorain & Wheel’g..
18,317
13,750
4,567
Jan. 1 to Apr. 30___ .1,136,264 1,026,962
69,004 def.17,614
Col. Sandusky <fc Hock’g.
11,675
8,748
2,927
J u ly l to Apr. 3 0 .... 2,768,731 2,591,553
372,559
99,888
Denver & Rio Grande....
139,900
110,6 )0
29,300
154,184
113,643
Colorado Midl’d .b . Apr.
49,654 def.10,183
Detroit Lans’g & North’n
19,692
18,436
1,256
Jan. 1 to Apr. 30___
498.999
496,275
144,572
56,264
Evansv. <fe Indianapolis.
4,491
3,194
July 1 to Apr. 30___ 1,305,322 1,235,689
1,297
264,376
141,332
Evansville <fe Richmond.
2.572
1,827
745
Aggregate total, b. Apr. 3,311,248 3,272,923
673,752
561,627
Evansv. & Terre Haute..
19,443
16,247
3,186
Jau. 1 to Apr. 3 0 .... 12,548,946 12,418,841 2,754,366 2,297,354
Ft. Worth & Rio Grande.
7,050
3,94s
3,Lo5
J u ly l to Apr. 3 0 .... 33,597,303 36,182.407 8,711,750 10,392,853
31 3
Georgia.......... ..................
18,644
18,331
Atlanta & W. Point. .Apr.
32.8 i l
32,618
9,108
8,702
Grand Rapids <fe Indiana
38,151
34/756
3,395
Jan.
1 to Apr. 31___
150,578
159.580
61,120
54,462
Cin. Rich. <&Ft. Wayne
8,436
7,292
1,144
410,1
9
416,135
July
1
to
Apr.
3
1
....
175.855
161,355
Traverse C ity...............
557
859
302
21,952
19,906
6,489
6,877
Mus. Gr. Rapids <fe Ind.
2,140
2,413
273 Austin & Northw.. ..Apr.
Jan. 1 to Apr. 30___
70,821
75,006
16,540
22,856
Grand Trunk of Canada..
326,894
324,375
2.519
Baltimore & Odio—
Intern’l & Gt. North’n . . .
52,599
43,971
8,628
Lines E. O. R . b __ May 1,376,922 1,272,105
416,462
347,276
Iowa Central....................
80,213
4,&33
25,680
Jan. 1 to May 3 1 .... 6,439,643 6,216,772 1,736,545 1.670,278
Kanawna <feM ichigan....
10,474
5,695
¿¡779
July
1
to
May
31___
15,847,705 15,647,374 5,213,612 5.156,797
Lake Erie & W estern....
65,483
63,836
1.647
Louisv. Evansv. & St. L ..
27.391
24,536
2,855
413,705
337,975
Lines W. O. R .b ...M a y
51,643 def 3,736
Louisville <&Nashville...
350,580
356,2 40
5,670
Jan. 1 to May 3 1 .... 2,098,687 1,728,853
309,612
66,927
Louisville N. A. & Chic..
61,374
61,110
264
July 1 to May 3 1 .... 4,770,321 5,118,702
858,509 1,138,700
Mexican Central_______
174,224
8,61 1
46 ■i,l 10
Tot. botb systems.bMay 1,790,627 1,610,080
343,540
Mexican National...........
86,»85
74,840
11,645
Jan. 1 to May 3 1 .... 8,538,330 7,«45,625 2,046,187 1,737,205
Minneapolis <fe St. Louis.
34.845
30,064
5,731
6,072,121
July
1
to
May
31
...20,618,026
20,766,076
6,295,497
Mo. Kansas & Texas.......
191,613
44.79’146,818
469,269
176,489
B. & O. Southw.......... Apr.
503,205
161,075
360,000
Mo. Pacific & IronM t___
319.000
4i,0o0
722,033
Jan. 1 to Apr. 3 0 .... 2,026,230 1.997,346
718,516
Central Branch.............
9,000
13,000
4,000
July 1 to Apr. 3 0 .... 5,351,995 5,350,804 2,004,913 1,989,929
N. Y. Ontario & Western
75,827
8L934
6,107
Norfolk <&Western..........
136,279
240,211
103,932 Bangor & Aroostook. Apr.
24,273
18,492
70,909
8,076
303.521
Northern Pacific.............
242,708
60,814
Jan. 1 to Apr. 3 0 ....
244,357
9/,838
72,963
36,199
18,155
Ohio River.......................
lA, 143
4,012
1,555
764
Bath
&
Hammonds...
Apr.
1,931
310
Ohio S o u th e rn ............
8,128
7,398
730
6,380
2,726
Jan. 1 to Apr. 30___
7,071
1,781
Peoria Deo. <fc E vansv...
14,990
13Ì697
1,293
Birin. & Atlantic.b.. Apr.
1,440
1.993
def.53
216
14,919
Pittsb. Shen. <fc L. Erie..
8,253
6.666
Jan. 1 to Apr. 3 0 ....
5,322
7,379 def.1,760
168
Pittsburg & W estern.....
64,510
43,91z
20.598
18,413 def.3.192
July 1 to Apr. 3 0 ....
15,546
1,718
41,500
Rio Grande Western.......
36,100
81,700
St. Louis Southwestern..
63,300
18.400
159,582
Br’klyn E levated.a.. Apr.
171,697
76,220
68,123
309,342
289,410
Southern R a ilw a y .......
19,932
355,901
Jan. 1 to Apr. 3 0 ....
768,045
225,001
607,018
88,254
87,494
760
July 1 to Apr. 3 0 .... 1,581.295 1,450,600
669,707
533,403
20,631
18,350
Tol.Ann Arbor &N.Mioh.
2,276
43.463
Brunswick & West- .Jan.
44,614
7,751
14,484
29.669
14,326
Toledo <fe Ohio Central...
15.043
July 1 to Jan. 3 1 ....
328,213
285.436
105,579
79,875




$
35,022
10,860
6,481
22,549

$
21,083
9,572
2,662
i 8,;o o

$
153.R61
43,210
115,482
92,912

1100

THE

CHRONICLE.

— Gross Earnings.-Net Earnings.1895.
1894.
1894.
1895.
Roads.
$
$
$
$
Buff.Roch.& Pitts.. b. Apr.
246,775
216,291
82,382
68,332
Jan. 1 to Apr. 3 0 ....
922,681
868,170
282.530
249,543
July 1 to Apr. 3 0 .... 2,573,004 2,605,106
811,851
815.080
Bari. Ced.R. & N o.a. .Apr.
274,722
272,627
72,898
71,829
Jan. 1 to Apr. 30___ 1,149,419 1,201,969
338,046
348,916
Camden & A tl.......a .. Apr.
66,526
55,759
17,037
7,740
Jan. 1 to Apr. 3 0 ....
194,089
190,344
15,169
25,943
Canadian Pacific.a..Apr.
1,301,471
364,806
451,646
Jan. 1 to Apr. 30___
5,228,597 1,397,274 1,335,736
Carolina Midland__ Apr.
2,631
def.730
2,650
206
Jan. 1 to Apr. 3 0 ....
11,878
17,004
2,322
1.058
July 1 to Apr. 3 0 ....
47,463
54,352
17,444
16,979
Central of Georgia—
Railroad System.a.Apr.
331,946
325,806
51,362
C21.763
Jan 1 to Apr. 30___ 1.5Ì9.360 1,797,685
609,809
274,855
July 1 to Apr. 3 0 .... 4,407,937 4,691,567 1,436,697 1,528,270
Cent, of N. Jersey.a. Apr. 1,019,401
912,382
401,941
265,894
Jan. 1 to Apr. 3 0 .... 3,705,417 3,466,414 1,276,584
944,613
Centrai Pacific...... b.Apr. 1,072,081 1,117,190
431,615
405,070
Jan. 1 to Apr. 3 0 .... 3,709,910 3,749,928 1,151,897 1,235,885
Char. & Savannah.. .Jan,
53,241
67,247
25,162
17,481
July 1 to Jan. 3 1 ....
307,402
321,097
57,741
54,279
Oheraw & D a ri..b...A pr.
9,775
4,773
3,732 def.3,583
Jan. 1 to Apr. 30___
38,778
31,813
13,256
7,305
July 1 to Apr. 30___
87,120
75,451
33,155
20,280
Ohesap. & Ohio..a...Apr.
744,329
692,203
200,935
201,047
Jan. 1 to Apr. 30___ 2,981,534 2,855,368
886,248
917,310
July 1 to Apr. 3 0 .... 7;983,709 7,773,988 2,587,221 2,622,409
Ches. O. & So’ wn.......Apr.
174,048
159,646
50,892
46,533
Jan. 1 to Apr. 3 0 ....
648,162
713,489
218,290
176,599
Chic. Bur. & North. b. Apr.
139,364
128,932
13,334
27,606
Jan. 1 to Apr. 3 0 ....
528,077
526,587
80,378
114,733
Chio.Burl.& Quin.b.. Apr. 2,338,145 2,495,647
795,293
840,323
Jan. 1 to Apr. 3 0 .... 9,032,107 10,280,374 2,979,727 3,724,752
Chic. M. & St. P .a ...A p r. 2,054,183 2,257,234
735,788
709,420
Jan. 1 to Apr. 30___ 8,132,321 9,034,640 3,006,378 2,955,026
July 1 to Apr. 30___22,927,411 26,684,295 8,340,440 9,5*7,681
Chic. & W. Mich........Apr.
147,654
128,3 90
33,560
22,894
Jan. 1 to Apr. 3 0 ....
526.577
495,337
76,822
44,857
Choo. Okla. & Gulf..Mar.
74,912
56,421
14,562
13,802
Jan. 1 to Mar. 31___
240,702
165,732
55,066
30,888
Gin. Jack. & Mack. b. . Apr.
45,304
57,475
4,323
13,305
Jan. 1 to Apr. 30 ...
188,866
205,725
18,779
34,717
July 1 to Apr. 30___
534,082
532,054
86,354
78,863
Clnn. & Kent. So...... Apr.
1,578
1,532
752
41
Gin. Ports. & V ir.b...A pr.
21,515
18,831
3,173
2,895
Jan. 1 to Apr. 30___
77,779
66,723
10,959
7.784
July 1 to Apr. 3 0 ....
214,259
204,163
38,135
28,237
Olev. Akron & Col. b .. Apr.
76,065
72,047
32,525
22,572
Jan. 1 to Apr. 3 0 ....
289,569
285,330
114,638
80,157
July 1 to Apr. 3 0 ....
719,167
753,302
279,728
215,900
Cleve. Canton & So.. Apr.
53,261
40,556
12.679
1,013
Jan. 1 to Apr. 30___
197,478
158,243
35,988
2,953
July 1 to Apr. 3 0 ....
573,440
577,454
104,276
62,400
Clev.Cin.C.* St. L.a..Apr. 1,104,082 1,004,223
282,510
247,315
Jan. 1 to Apr. 3 0 .... 4,230,928 3,876,170 1,037,069
956,480
July 1 to Apr. 30___11,261,747 10,992,900 2,813,694 2,729,991
Peoria & East’n.a..Apr.
149,440
115,455
39,055
1,724
Jan. 1 to Apr. 30___
560,426
479,679
150,637
52,759
J u ly l to Apr. 30___ 1,433,164 1,376,159
372,297
188,166
Clev. Lor. & Wheel...Mar.
97,506
90,748
36,762
35,405
Jan. I to Mar. 3 1 ....
259,788
222,863
63,558
56,348
J u ly l to Mar. 3 1 .... -1,042,039
* * 943,818
335,536
291,804
Col. Hook. V. & Tol. bMar.
173,219
218,966
60,542
91,072
Jan. 1 to Mar. 3 1 ....
559,119
574,812
194,952
216,257
Crystal......................Apr.
123
808
def.418
369
Jan. 1 to Apr. 30___
2,341
3,572
255
1,563
Cumberland Valley... Apr.
60,044
58,345
8,404
12,947
Jan. 1 to Apr. 30___
230,768
225,347
53,230
54,998
Denver Gas-Light....May
10,587
10,431
Jan. 1 to May 3 1 ....
81,295
79,197
Den. & R. Grande.b.Apr.
546,470
500,468
227,559
195,627
Jan. 1 to Apr. 3 0 .... 2,052,924 1,993,690
816.302
758,335
July 1 to Apr. 30___ 5Ì760Ì463 5,417,164 2,419,449 2,119,857
Det. Lans. & N or.a..A pr.
97,993
87,099
23,133
15,574
Jan. 1 to Apr. 3 0 ....
358,838
334,402
61,052
31,353
Detroit & Mackinac. Apr.
23,803
20,226
9,844
9,317
Jan. 1 to Apr. 3 0 ....
93,296
85,756
46,678
41,504
Ed. El. 111. Co., Bkly n .. May
37,053
29,067
13,687
12,475
Jan. 1 to May 31___
208,196
165,790
83,963
79,939
Edison El. II. Co., N. Y. May
120,586
98,344
63,596
46,864
Jan. 1 to May 3 1 .,..
690,811
586,403
365,868
323,140
Elgin Joliet & E .a ..A p r,
104,748
82,976
43,952
25,259
Jan. 1 to Apr. 30___
365.666
367.659
138,873
115,723
July 1 to Apr. 3 0 ....
907,134
894,118
299,797
297,260
Eureka Springs.........Mar.
5,461
4,617
3,014
654
Jan. 1 to Mar. 3 1 ....
14,408
15,654
7,262
7,5c8
Flint & Pere M a r.a .. Apr.
227,086
190,927
62,934
46,471
Jan. 1 to Apr. 3 0 ....
806,044
830,635
192,569
236,820
Ft.Worth & Den.C.b.Feb.
82,814
77,895
20,109 def.4,533
Jan. 1 to Feb. 2 8 ....
173.424
168,341
51,998
2,987
Ft. Worth & Rio Gr .Apr.
29,202
26,895
6,000
6,893
Jan. 1 to Apr. 3 0 ....
122,487
88,414
29,493
8,872
Gadsden & Att. Un... May
867
627
575
372
Jan. 1 to May 3 1 ....
3,228
2,605
2,003
1,393
-'-Georgia, a . . . ............. May
83,364
80,955 gdef.8,027
g4,299
Jan. 1 to May 3 1 ....
49 >,996
536,063
g64,>53 g l3 6 ,3 l9
July 1 to May 3 1 .... 1,230,379 1,289,083 g320,159 g476,434
Ga.South’n & Fla.b..Apr.
63,022
61,167
13,529
9,979
Jan. 1 to Apr. 30 .. .
253.424
291,298
53,971
74.431
July l to Apr. 3 0 ....
710,474
699,520
187,886
165,717
Grand Rap. & Ind.,.,Apr.
239,074
193,340
50,141
33,087
Jan. 1 to Apr. 3 0 ....
845,099
762,810
182,489
171,385
’ Grand Tr’k of Can....Apr. 1,422,819 1,355,801
431,366
353,432
Jan. 1 to Apr. 30___ 5,200,896 5,410,997 l,188,Oo4 1,113,406
HOhio. & Gr’ d Tr...... Apr.
248,552
252,392
25,156
11,529
Jan. 1 to Apr. 3 0 ....
861,150
950,154
35,766
15,553
Det. Gr. H. & M il... Apr.
81,628
78,946
10,984
10,672
Jan. 1 to Apr. ¿ 0 ....
290,419
306,002
18,152
25,330
Gulf & Chicago...b..M ay
3,435
3,333
def.lo2
def.43
Jan. 1 to May 3 1 ....
17,252
16,054
434
224




fVOL. LX,
----- Oross biarnings.1895.
1894.

— Net Earnings.----1895.
1894.
$
$
• 37,930
27.927
7,011
7.426
168,479
137,161
51,074
43,313
467,761
389,563
183,704
156,305
minois Central, a...A pr. 1,460,484 1,347,425
426,933
273,342
Jan. 1 to Apr. 3 0 .... 6,068,228 5,752,118 1,912,035 1,397,355
J u ly l to Apr. 3 0 .... 15,896,234 17,892,257 4,779,594 5,656,997
Ind. Dec. & West. ...Apr,
34.179
25,929
7,755
1,900
Jan. 1 to Apr. 3 0 ....
142,592
107,663
45,208
14,780
July 1 to Apr. 30___
404,831
330,382
145,338
.68.008
Indiana I11.& Iow a.. Apr.
65.071
60,355
16,039
17,540'
Jan. 1 to Apr. 30 .. .
273,164
246,877
81,888
78,800
Iowa Central........ b.Apr.
115,655
128,265
37,697
35,950
Jan. 1 to Apr. 3 0 ....
481,608
585,397
156,767
198,465
July 1 to Apr. 30__ 1,339,313 1,593,009
453,887
590,527
Iron Railway___b ...A p r.
4,877
2,931
1,541
517
Jan. 1 to Apr. 30___
17.071
14,201
3,913
2,785
July 1 to Apr. 30___
39,893
33,057
8,692
3,294
Jack. Tam. & K. W... Apr.
32,761
66.488
2,779
24,352
Jan. 1 to Apr. 30___
192,881
366,325
39,244
174,741
Jamest’n & L. Erie... Apr.
3,578
3,125
def.635
563
Jan. 1 to Apr. 3 0.*..
11,617
12,101 def.1,853
1.854
K anaw ha* M ich.b.Apr.
40,975
30,925
11,785
6,570
Jan. 1 to Apr. 3 0 ....
133,105
113,654
20,897
32.675
July 1 to Apr. 3 0 ....
343,722
304,537
80,213
93,572
Kan. C. Ft. S. & M.a. Apr.
358,442
382,731
103,068
111,926
Jan. 1 to Apr. 3 0 .... 1,442,795 1,587,920
436,178
469,289
J u ly l to Apr. 3 0 .... 3,856’,8Ì8 4,123,737 1,200,769 1,220,009«
Kan.C. Mem.& B.a..Apr.
71,767
73,039
4,856
3,898
Jan. 1 to Apr. 30___
317,754
353,184
42,954
50,233
J u ly l to Apr. 3 0 ....
874,694
931,754
159,785
173,213
Keokuk &West’n.b..M ar.
27,739
33,129
9,807
10,918
Jan. 1 to Mar. 31___
82,158
93,124
24,546
35,404
Laclede Gas-L. Co....M ay
58,560
55,075.
Jan. 3 to May 31___
348,623
326,871
L. Erie All. & So.a...Apr,
5,445
7,266
def.944
2,049
Jan. 1 to Apr. 30___
26,543
24,705
6,398
3,399
L.Erie & West’n .b ..A p r.
285,536
245,161
96,520
120,988
Jan. 1 to Apr. 3 0 .... 1.11ÒÌ908
985,100
499,549
418,221
Louisv.Ev. & St. L.b.Apr.
113,774
114.989
20,674
24.004
Jan. 1 to Apr. 30___
432,162
470,479
78,411
117,521
Loulsv. & Nashv.b. .Apr. 1,432,284 1,397,909
383,441
440,361
Jan. 1 to Apr. 30___ 6,008,435 6.192.135 2,011,313 2,321.946J u ly l to Apr. 30---- 16,195,313 15,948.058 6,117,951 6,196,522
Louisv. N. A. & C .a. Apr.
264,969
230,358
75,629
88,895
Jan. 1 to Apr. 30___
934,905
814,355
230,575
192,821
July 1 to Apr. 3 0 .... 2,528,909 2,655,100
844,390
780,158
Louisv. St. L.& T ex .. .Apr,
32,594
33,652
2,987
6,085.
Jan. 1 to Apr. 3 0 ....
122,448
123,954
16,702
15,297
Macon & Birming__ Apr.
5,615
5,238
179
1,136
Jan. 1 to Apr. 30___
24,637
25,793
3.781
5,942
July 1 to Apr. 3 0 ....
67,497
60,586
13,427
13,947
Manistique................ Apr.
9,217
1,314
5,145
472
Jan. 1 to Apr. 30___
39,586
11,470
18,266
2.831
Memphis & Chas’n ...A p r.
84,785
89,277
def.424 def.6,676
Mexican Central...... Apr.
770,595
696,259
312,839
180,164
Jan. 1 to Apr. 3 0 .... 3,089,332 2,816,909 1,280,056
874,659
Mex. International.. Apr.
218,601
155,494
92,227
45,031
Jan. 1 to Apr. 3 0 ....
854,106
719,367
347,209
314,182
Mexican National....Apr.
367,987
361,789 el63,639 el56,150
Jan. 1 to Apr. 30___ 1,444,178 1,393,333 e638,185 e575,133
Mexican Northern.. .Apr.
58,948
56,309
30,255
30,639
Jan. 1 to Apr. 30___
207,126
210,497
110,329
111,964
Milwaukee Gas-L.Co.May
27,101
19,894
Jan. 1 to May 3 1 ....
170,819
143,259
Minn. & S t.L ouis.a.. Apr.
143,657
125,141
33,421
45,708
Jan. 1 to Apr. 30___
___J|
522,318
516,Ô72
200,625
181,305
J u ly l to Apr. 3 0 .... 1,516,’365 1,442,227
655,825
573,531
Nash.Ch. <teSt.L.b...May
388,066
358,647
146,915
129,601
Jan. 1 to May 31___ 1,893,563 1,901,250
754,415
728,223
J u ly l to May
31_ 4,265,932 4.171.373 1,753,436 1,721,120
2,574
Nevada Central..........Apr.
2,226
622
517
Jan. 1 to Apr. 3 0 ....
7,982
9,254
def.54
484
July 1 to Apr. 3 0 ....
19,535
24,699
def.928
2,673.
NewOrl.&South,a..,Mar.
5,696
8,488 def.1,161
def.546
Jan. 1 to Mar. 3 1 ....
19,537
27,912 de f. 3,46 L def.1,398July 1 to Mar. 31.....
73,538
100,380
345
7,929
N.Y.L. E. & West’n... Apr. 2,017,248 1.949.374 "523,800 *448,945
Jan. 1 to Apr. 30___ 7,870,656 7,349,692 *1,880,932 *1,584,392
Oct. 1 to Apr. 30....14,600,570 14,861,624 *3,891,310 *4,056,044
N. Y. Ont. & W est.a.-Apr. 285.563
251,285
78,517
49,152
Jan. 1 to Apr. 30---- 1,088,914 1,020,612
243,459
235,807
July 1 to Apr, 30---- 3,079,071 3,115,771
863,747
3 a0,793
N. Y. Sus. & W est.b.. Apr. 173,500
137,220
48,838
46,023
► Jan. 1 to Apr. 30___
724,157
547,673
252,233
206,130
Norfolk <fe South.......Jan.
35,426
36,462
13,796
8,665
238,749
July 1 to Jan. 31___
238,594
83,439
82;305
Norfolk & W est.a....D eo,
871,671
794,911
191,054
187,826
Jan. 1 to Ueo. 31___ 10,340,452 10,032,617 2,646,547 2,833,157
Northern Central.b..Apr.
510,601 444,078
149,233
126,786
Jan. 1 to Apr. 3 0 .... 1,998,127 I1,775,272
—
583,800
505,203
North’ n P a cific.d ....A p r. 1,307,735 1,117,387
458,915
216,141
Jan. 1 to Apr. 30___ 4,503,716 4,142,116 1,269,836
783,270
J u ly l to Apr. 30....14,839,332
5,452,529
O h io R iv e r.b ........... Apr.
61,527
49,229
19,934
13,284
Jan. 1 to Apr. 3 0 ....
208,461
191,591
70,924
65,195
Ohio River & Uhas.. .Apr.
15,120
11,520
2,713 def. 1,800'
Ohio Southern...........Apr.
67,069
60,319
22,709
33,935
Jan. l to Apr, 30 . . .
255,660
218,140
79,151
111.868
July 1 to Apr. 30___
704,389
564,264
334,770
303,858
Oregon Imp. C o.a....A pr.
254.776
326,544
27,854
77,082
Jan. I to Apr. 30___ 1,004,221 1,188,931
71,646
198,186
Deo. 1 to Apr. 30___ 1,281,417 1,469,908
93,539
219,730
O wensb. F. R. &G. Riv. Mar.
3,524
2,711
1,525
1,403
Pacific Mail------------- Mar.
401,689
280,883
109,597 def. 30,800
Jan. 1 to Mar. 31___ 1,072,812
897,747
214,839
76,880
May 1 to Mar. 31___ 3,703,811 3,523,427
760,030
536,630
Penn,
t (east
, — , P.&, E.)._
------Apr.
p i 5,205,472 4,764,016 1,511,408 1,397,829Jan. 1 to Apr. 30....19,436,910 17,838,528 5,155,328 4,794,806
Lines west P. & E. .Apr.
Inc. 228,085
Deo.
27,730
Jan. 1 to Apr. 30___
Inc. 811,005
Inc. 337,182
Peoria Dec. * Ev......Apr.
71,707
55,749
22,094
9,233
Jan. 1 to Apr. 3 0 ....
296,570
254,731
106,449
73,313
Roads.
Houst. E. & W. Tex..Apr.
Jan. 1 to Apr. 30___
July 1 to Apr. 30___

J une 22, 1895. j
---- Gross Earnings.
1894.
1895.
Roads.
$
$
Petersburg................ Apr.
46,907
48,524
Jan. 1 to Apr. 3 0 ....
168,270
184,893
July 1 to Apr. 30___
411,496
413,671
Philadelphia & EriebApr.
313,723
272,686
Jan. 1 to Apr. 30___ 1,094,414 1,044,637
Phila. & Reading...... Apr. 1,649,031 1,475,259
Jan. 1 to Apr. 30___ 6,348,712 5,684,015
Dec. 1 to Apr. 30___ 7,900,640 7,436,527
Coal & Iron Co...... Apr. 1,673,155 1,428,055
Jan. 1 to Apr. 3 0 .... 7,190,130 5,740,016
Dec. 1 to Apr. 3 0 .... 8,778,385 8,019,327
Total both Co’s ...... Apr. 3,322,186 2,903,314
Jan. 1 to Apr. 30___:13,538,842 11,424,031
Deo. 1 to Apr. 30___ 16,679,025 15,455,854
Pitts. C. C. & St. L ... May
In c. 110,822
Jan. 1 to May 31___
In c. 204,225
Pitts. Mar. & Ohio....Apr.
3,234
3,798
Pittsburg & Western. Apr.
166,499
223,244
Jan. 1 to Apr. 3 0 __
656,020
780,980
July 1 to Apr. 3 0 __ 2,257,164 1,952,104
Pitts. Youngs. & A...M ay
153,231
87,810
Jan. 1 to May 31___
527,814
356.266
Rich. Fred. & P ot___Apr.
59,112
59,518
Jan. 1 to Apr. 30 ...
221,641
234,376
July 1 to Apr. 30___
556,476
544,057
Rioh. & Petersburg... Apr.
28,371
28,716
Jan. 1 to Apr. 3 0 ....
103.534
110,298
July 1 to Apr. 3 0 ....
260,311
265,416
Rio Grande South. b . . Apr.
30,644
21,217
101,561
Jan. 1 to Apr. 30___
114,827
July 1 to Apr. 3 0 ....
334,152
269,955
195,073
169,460
Rio Grande West.b..Apr.
Jan. 1 to Apr. 3 0 ....
590,689
642,265
July 1 to Apr. 3 0 .... 1,787,557 1,733,648
Sag. Tus.&Huron__ Apr.
9,221
7,830
Jan. 1 to Apr. 30___
33,511
35,836
Sag. Valley & St. L ... Apr.
7,451
6,945
Jan. 1 to Apr. 30___
27,222
26,878
St. Louis Alt. &T. H.bApr.
101,355
113,427
Jan. 1 to Apr. 3 0 __
429,586
460,023
July 1 to Apr. 3 0 .... 1,152,457 1,227,987
St. Louis Southw’ n ... Jan.
445,M87
365,846
July 1 to Jan. 3 1 .... 3,325,840 3,011,487
St. Paul & Duluth.b. Apr.
99,184
89,052
Jan. 1 to Apr. 3 0 ....
368,505
359,076
July 1 to Apr. 3 0 .... 1,183,607 1,245,386
San Ant. & Aran. P .. Apr.
160,975
134,995
Jan. 1 to Apr. 3 0 ....
624,043
459,373
San Fr. & N. Pac. a..-M ay
77,395
77,380
Jan. 1 to May 31___
281,172
286,986
July 1 to May 3 1 ....
743,993
730,414
Say. Amer. & Mont...Apr.
32,971
31,489
Jan. 1 to Apr. 3 0 ....
142,742
142,385
404,181
July 1 to Apr. 30___
372,450
382,627
Sav. Fla. & W est.. .b. Jan.
319,124
July 1 to Jan. 3 1 .... 2,175,809 2,135,836
5,034
Silverton.................... Dec.
5,076
South Carolina & Ga..Mar.
114,056
882,864
July 1 to Mar. 3 1 ....
Southern Pacific Co.—
352,237
Gal.H. & 8.Ant. b . Apr.
379,368
Jan. 1 to Apr. 30.. 1,504,163 1,289,193
86,074
58,818
Louisiana W est.b.. Apr.
323,913
387,451
Jan. 1 to Apr. 30..
436,256
M’gan’ s La.& T.b...Apr,
412,528
Jan. 1 to Apr. 30.. 2,053,514 1,771,000
20,894
27,836
N. Y .Tex. & M ..b ... Apr.
82,583
71,990
Jan. 1 to Apr. 30..
117,626
Texas & N. O. . b . .. Apr.
137,408
549,733
521,703
Jan. 1 to Apr. 30..
968,811
Atlantic sys. b.||.. Apr. 1,089,161
Jan. 1 to Apr. 30.. 4,681,684 4,018,402
Pacific system .b. .Apt. 2,534,101 2,758,756
Jan. 1 to Apr. 30.. 9,534,346 9,663,308
Total of all.b.......Apr. 3,623,262 3,727,567
Jan. 1 to Apr. 30---- 1L4,216,030 13,681,710
863,159
828,046
So. Pac. of Cal.b...Apr.
Jan. 1 to Apr. 30.. 3,113,159 3,111,102
172,027
179,516
So. Pac. of Ariz’a b . Apr.
790,307
688.062
Jan. 1 to Apr. 3u..
87,877
86,848
So.Pao. of N. M .b.. Apr.
356,337
309,613
Jan. 1 to Apr. 30..
194,052
134,379
Northern Railway. Apr.
557,742
673,155
Jan. 1 to Apr. 30..
Southern Rail way. a . Apr. 1,398,410 1,366,320
5,654,283
5,889,240
Jan. 1 to Apr. 3 0 ....
July 1 to Apr. 3 0 ....' 14,400,422 14,104,453
77,111
71,918
Staten I. Rap. T r.b ... Apr.
281,652
245,508
Jan. 1 to Apr. 30___
814,264
837,939
July 1 to Apr. 3 0 ....
2,023
1,619
Stony Cl. & C. M .. b . . Apr.
5,564
5,089
Jan. 1 to Apr. 30___
38,346
36,731
July 1 to A.pr. 3 0 ....
929
1,384
Stuttgart & Ark. Riv.Apr.
85,584
103,554
Summit Branch.........May
379,347
501,180
Jan. 1 to May 3 1 ....
85,731
37,640
Lykens Valley........May
337,837
292,449
Jan. 1 to May 3 1 ....
141,194
171,315
Total both Co’s.....M ay
793,629
717,184
Jan. 1 to May 3 1 ....
Tenn.Coal 1.<& R R...M ay
Jan. 1 to May 3 1 ....
Feb. 1 to May 3 1 ....
3,652
3,320
Tex. Sab. V. & N. W.. Apr.
14,744
14,500
Jan. 1 to Apr. 3 0 ....
95,329
88,612
Tol. A. A. & No. M ...A pr.
355,289
334,050
Jan. 1 to Apr. 30---144.143
133,565
Toledo & O. Cent.b... Apr.
492.144
533,476
Jan. 1 to Apr. 30---July 1 to Apr. 3 0 .... 1,665,810 1,476,975




THE

CHRONICLE

— Net Earnings.—
1895.
Ì894.
$
$
19,123
16,837
53,497
56,251
139,487
165,710
73,932
100,717
265,355
234,086
745,664
594,821
2,651,876 2,216,372
3,256,737 2,996,599
df.171,081 def.50,8 40
df. 197,920 df.255,785
df.385,348 df.138,331
574,583
543,981
2,453,956 1,960,587
2,871,389 2,858,268
I n c . 86,235
Dec. 34,596
def.535
503
74,621
40,314
219,230
195,231
753,658
573,120
63,822
28,493
171,342
114,798
17,615
20,820
72,019
90,192
195,218
182,520
9,036
4,156
21,074
27,825
59,342
55,273
14,994
9,0 7
47,108
40,752
165,484
117,274
71,566
55,516
200,481
152,564
595,913
611,759
1,924
1,579
8,080
5,041
990
2,037
5,262
7,353
47,302
43,188
193,146
203,263
537,972
543,249
128,272
36,867
1,062,003
653,953
18,441
20,853
70,992
73,210
381,382
356,377
22,582
11,182
18,964
143,297
25,707
32,536
54,054
69,628
232,554
246,903
898
def.2,218
4,843
1,133
28,242
62,301
150,545
86,607
622,139
726,138
2,012
1,051
48,503
312,110
115,392
427,022
39,685
188,997
97,031
534,988
11,847
25,798
60,602
231,631
323,054
1,413,015
752,071
2,589,639
1,075,125
4,002,654
279,207
1,004,482
32,103
232,382
15,169
76,837
18,049
63,465
286,918
1,582,168
4,682,033
14,968
64,325
328,695
175
def.670
16,508
386
8,435
71,762
def.15.053
20,123
def.6,618
91,885
72,815
291,552
240,552
870
5,528
17,057
59,632
. 38,292
140,465
561,253

-Gross Earnings.1895.
1894.
Roads.
$
$
86,264
Tol.Peoria &West.b. .May
58,628
386,703
Jan. 1 to May 31___
339,665
879,933
July 1 to May 31___
854,056
Ulster &Delaw’e...... Apr.
31,983
30,792
Jan. 1 to Apr. 30___
98,861
104,804
July 1 to Apr. 3 0 ..... 335,421
357,961
Union P a cificUnion Pac. R y..b ..A pr,, 1,083,344 1,104,232
Jan. 1 to Apr. 30.. 4,069,781 4,229,208
Oreg. S.L.&U.N.b..Apr.
389,649
439,389
Jan. 1 to Apr. 30.. 1,381,808 1,532,301
72,741
St. Jos. & Gd. Is l.b .. Apr.
44,915
Jan. 1 to Apr. 30..
186,108
284,388
11,002
5,056
Kan. C. & O m ..b ... Apr.
Jan. 1 to Apr. 30..
23,213
44,845
24,442
Cent. Branch.. b ... Apr.
36,492
146,220
Jan. 1 to Apr. 30..
92,838
Atch. C. & Pac. ) h A
21.003
34,852
At.Jew.C. &W. \ D,-Apr‘
Jan. 1 to Apr. 30..
89,009
130,947
Grand Total.b.t. ...Apr.. 1,664,889 1,839,082
Jan. 1 to Apr. 30... 6,242,778 7,002,489
Ft.Worth & D .C.b.Feb.
82,814
77,995
Jan. 1 to Feb. 28..
173,424
168,341
Un.P.D. & G ulf.b...... Apr.
210,259
213,668
Jan. 1 to Apr. 30___
870,644
879,066
Wabash.b.................. Apr.
960,124
873.481
Jan. 1 to Apr. 30___. 3,726,078 3,648.663
July 1 to Apr. 3 0 .... 10,012,904 :10,864,763
Waco & North w’n
Apr.
15,850
13,372
Jan. 1 to Apr. 30___
55,604
74,840
West Jersey & Brs...Apr.
117,167
112,935
Jan. 1 to Apr. 30___
390,561
411,356
57,721
West Va. Cent. & P..May
89,684
404,352
Jan. 1 to May 3 1 ....
361,696
958,813
July 1 to May 3 1 ....
917,077
32,199
W. Virginia & Pitts.. Mar.
30,119
Jan. 1 to Mar. 3 1 ....
80,941
74,258
West’n of Alabama.. Apr.
37,434
35,808
Jan. 1 to Apr. 30___
156,425
166,408
July 1 to Apr. 30___
434,608
446,203
Western Maryland.. .Apr.
92,586
91,649
355,547
Jan. 1 to Apr 3 0 ....
324,830
665,096
Oct. 1 to Apr. 30 .. .
589,098
West.N. Y. & Penn, b .. Apr.
239,894
271,571
Jan. 1 to Apr. 3t)__
948,083
902,853
July 1 to Apr. 3 0 .... 2,737,631 2,598,361
Whitebr’st Fuel Co...Apr.
Jan. 1 to Apr. 30___
July 1 to Apr. 30___
Wrightsv. & Tenn— May'
7,963
4,836
Jan. 1 to May 3 1 ...
33,089
31,680
75,473
71,412
July 1 to May 31 ..

1101
-Net Earnings.—
1895.
1894.
$
$
15,695
5,352
75,438
56,076
202,190
178,261
6,771
7,331
7,681
23,963
78,896
126,384
391,426
309,667
1,377,143 1,143,232
169,621
136.303
438,681
469,223
7,310
22,048
36.874
91,808
def.4,243
1,843
def.9.386
4,412
7,049
12.965
20, 1.02
60,593
def 6,729
3,698
def.11,556
20,841
579,063
473,692
1,900,835 1,865,291
2 0 ,lr’9 def.4,533
51,988
2,187
29,813
36,042
169,967
164,499
213,085
135,119
871,571
715,442
2,549,025 2,380,366
5,026
3,004
32,210
14,731
33,272
27,588
75,102
61,727
30,683
16,869
144,355
127,728
327,852
326,805
16,986
18,670
38,372
40,823
8,091
6,018
49,218
32,095
156,562
139,721
23,132
26,096
86,908
102,813
211,962
157,61 7
74,483
82,017
198,544
265,443
831,061
733,550
15,204
def.2,378
18,470
35,132
117,918
50,908
4,553
def.106
11,119
5,218
21,246
21,935

a Net earnings here given are after deducting taxes
b Net earnings here given are before deduct,inv taxes
c Expenses for April, 1895, include $27,138 for account of new rails,
d Includes operations of branch lines in both years,
e After deducting other expenditures for repairs, replacements and
general expenses, net income applicable to interest on bonds in April
was $88,729 against $77,563 last year, and for four months to
April
30, $32f>,527, against $291,872; after adding earnings
received from Federal Government net from January 1 to April
3 0,1894, was $369,541. This is the result in Mexican dollars treated
97,935
(according to the company’s method of keeping its accounts) as equi­
284,636 valent to 80 cents in United States money—that is, all depreciation
16,662 beyond 20 per cent has already been allowed for.
g Including other income, there is a deficit for May, 1895, $8,027,
151,397
13,651 against a surplus for 1891 of $34,291, and from January 1 to May 31
a
surplus
of $95,929, against $197,695, and from July 1 to May 31 a
266,722
surplus of $382,911, against $569,186.
3,7491 * After deducting proportion due roads operated on a percentage
15,739 basis and results of operations of auxiliary companies, net m April,
41,142 1895, was $265,791, against $222,353 in 1894 ; for four months ended
212,346 Apiil 30 $397,349, against $651,124, and for seven months from Octo­
173,639 ber 1 to April 30, $2,151,665, against $2,456,918.
t Includes only one-half of lines in which Union Pacific has a part
940,467
interest. Figures are given exclusive of results on Oregon Railway <&
1,037,466 Navigation, Union Pacific Denver & Gulf, Fort Worth & Denver City,
3,246,252 Leavenworth Topeka & Southwestern and Montana Union.
(I Including inoome from ferries, &e.
1,204,178
4,172,248
Street Railways and T raction Companies.
354,690
,
Gross Earnings.— ,---- Net Earnings.—
1,210,187
1895.
1894.
1895.
1894.
64,815
Roads.
$
$
$
$
253,355
9,572
4,879
1,240
Binghamton
St.
Ry..May
10,860
26,158
38,339
12,488
8,718
Jan. 1 to May 3 1 ....
43,210
87,200
12,238
13,173
25,523
64,800 Bridgeport Traction.May
41,896
38,919
Jan.
1
to
May
3
1
....
102,770
182.760
18,700
10,701
7,209
22,549
216,649 Brockton Con.St. Ry.May
37,734
77,340
Jan. 1 to May 3 1 ....
92,912
25,398
1,518,414
4,081,763 Brooklyn Traction—
32,942
83,822
12,249
Atlantic Avenue..May
82,464
17,698
135,035
380,570 def.57,771
Jan. 1 to May 31..
289,799
42,302
337
10,871
6,673
B’klyn B.& W.End.May
12,119
288,760
1,413
8,965
Jan. 1 to May 31..
35,294
80,728
444
132,654
74,668
59,730
143,255
def. 619 Buffalo Railway.......May
242,184
593,680
296,955
Jan. 1 to May 31___
644,844
17,065
581,871
676,576
July 1 to May 3 1 .... 1,453,962 1,382,121
237
9,482
41,397
22,693
56,282
9,057 Cinn. Newp. & Cov...May
174,022
Jan. 1 to May 3 1 ....
222,249
14,337
64,209
36,658
32,396
74,202
10,585 Citizens’ of Ind’nap.Apr.
235,910
108,228
90,254
Jan. 1 to Apr. 30 .. .
264,393
8,384
40,418
33,258
100,978
115,425
19,642 Cleveland Elec. R y .. Apr.
347,544
130,158
111,638
Jan.
1
to
Apr.
3
0
....
426,475
22,721
26,311
23,098
49,367
55,077
21,900 Columbus Street Ry.May
115,953
213,949
106,958
Jan. 1 to May 3 1 ___
239,101
254,700
23,169
63,671
22,801
59,302
183,500 Denver Con. Tramw.May
101,972
283,318
100,910
Jan. 1 to May 3 1 ....
273,908
422
8,962
18,453
6,649
Galveston
City
RR.a.May
20,432
def. 1,881
71,945
27,531
21,792
Jan. 1 to May 3 1 ....
77,940
31,313
3,572
5,385
1,862
10,953
125,369 Lehigh Traction...a.M ay
25,342
13,145
10,453
Jan. 1 to May 3 1 ....
43,909
52,435
21,501
15,609
4,778
36,554
167,728 Lowell Lawr’ce & H.May
38,253
89,819
11,655
Jan. 1 to May 31---134,587
510,003

TH E
Reads.
Lynn & Boston........Apr.
Jan. 1 to Apr. 3 0 ....
Nashville Street Ry.May
May 1 to Apr. 3 0 ....
New Orleans Tract..Apr.
Jan. 1 to Apr. 3 '» ....
Scranton Traction...May
Jan. 1 to May 3 1 ....
Third Ave.Rv. (N.Y.) .May
Toronto Street Ry. .May
Jan. 1 to May 3 1 ....
Twin City Rapid Tr..Apr.
Jan. 1 to Apr. 30 . . .
Worcester Consol__ Apr.
Jan. 1 to Apr. 3 0 ....

—Gross Earnings.1895.
1894.
$
$
93,713
87,620
345,291
314,044
27,867
27,223
311,896
301,470
110,360
77,714
395,989
296,597
25,000
20,409
103,900
93,688
238,572
190,629
86,047
82,238
364,451
358,638
152,916
152,265
590,074
585,064
32,475
26,798
119,739
99,056

CHRONICLE.

— Net Earnings —
1895.
1894.
27,190
101,073
12,836
125,527
51,807
167,761
12,113
39,832
*79,000
44,189
161,£»45
83,020
306,0 79
8,575
23,530

34,885
77,475
12,162
103,957
32,870
103,566
5,744
35,383
*62,000
36,908
127,446
83,534
264,369
1,519
8,654

®JJ®t ft*111!11?* here given are after deducting taxes.
After deducting fixed charges as well as operating expenses.

Interest Charges and Surplus.—The following roads,
addition to their gross and net earnings given in the foregoi
also report charges for interest, &c., with the surplus
1 >b
above or below thosecharges.
—Intent, rentals, été.
-Bal. o f Net Earn.'
1895.
1894.
1895.
1894
$
$
$
11,824
4,855
5,213
2,885
56,601
43,802 def.30,658 def.28,633
815,000
797,248 def. 19,707
43,075
3,260,000 3.188,990 df.280,2 73
535,762
33,137
32,703
123 def.9,809
134,598
132,413 def.57,776 def.87,556
*235,000
228,288
47,510
19,027
2,364,609 2,278,064
449,085
451,927
36,802
36,802
2,253 def.35,078
368,017
368.017
4,280 df.179,851
199,360
200,243
28,199 def.4,616
2,001,300 2,020,136
418, L49
99,721
29,846
29,976 def.6,713 def.14,402
119,820
119,749 def.58,768 def.88,396
51,496
51,974
11.438 def. 5,503
204,914
207,934 def. 12,345
28,836
106,366
110,276 def.3,298
1,650
1,113,868 1,143,345
86,901
76,664
13,870
39,969 def.9,014 def.36,071
117,573
396,968
42,212 df.223,755
57,292
56,171
63,696
40,349
230,499
223,146
269,050
195,075
126,838
122,423
20,077
7,178
1,392,601 1,344,805
360,835
376,315
3,557
3,557 def.2,567 def. 1,520
14,228
14,223 def. 8,966 def.6,875
132,133
114,742
11,055
12,560
1133,633 1141,955
59,483
61,308
1350,418 1377,515
192,831
160,457
17,233
17,341
8,474
15,195
86,166
86,707 def.32,112 def. 17,079
189,565
190,759
57,338
41.795
48,735
59,700
24,080 def.37,800
194,910
238,800
45,612 def.55,300
38,136
33.84L
t31l
118,694
346, lu3
301,171 t224,277 1219,698
20,007
17,486
13,265
10,102
72,360
69,944 def. 10,633
5,158
t After allowing for other income received.
t These oharges are simply for taxes and rentals and do not include
bond interest.
* Approximate.

Roads.
Camden & A tl..........Apr.
Jan. 1 to Apr. 3 0 ....
Ohio. Burl. & Quincy. Apr.
Jan. 1 to Apr. 30___
Ohio. & West Mich.. .Apr.
Jan. 1 to Apr. 30___
Olev. Cin. Ch. & St. L..Apr.
July 1 to Apr. 30___
Peoria & Eastern.. Apr.
July 1 to Apr. 3 0 ....
Denver <fe Rio Gr’de..Apr.
July 1 to Apr. 30___
Det. Lans. & Nor..-...Apr.
Jan. I to Apr. 3 0 ....
Flint & Pere M arq... Apr.
Jan. 1 to Apr. 3 0 ....
Kan. O. Ft.S. & M ....Apr.
July 1 to Apr. 30___
Kan. C. Mem. & Bir.. Apr.
July 1 to Apr. 3 0 ....
Lake Erie & West’n .. Apr.
Jan. 1 to Apr. 30___
Nashv. Chat. & St.L..May
July 1 to May 3 1 ___
Sag. Valley & St. L ... Apr.
Jan. 1 to Apr. 30___
St. Louis Alt.& T .H . Apr.
Jan. 1 to Apr. 30 ...
July 1 to Apr. 3 0 ....
San Fran.&No.Pao.. .May
Jan. 1 to May 31___
July 1 to May 31___
Tenn. Coal I. & RR..M ay
Feb. 1 to May 31 ...
Toledo & Ohio Cent..Apr.
J u ly l to Apr. 30___
West Jersey & Brs...A pr.
Jan. 1 to Apr. 3 0 ....

ment made on the 1st day o f May last, and all the floating in­
debtedness of your company was paid on that date. Ample
provision was made through this issue for all the require­
ments of your company that could be foreseen for a period of
eighteen months.
In the deed of trust securing these notes it is provided that
the Milwaukee Street Railway Companies may be reorganized
and the trustee is authorized to accept the new securities
which may be issued by the reorganized company in lieu of
the securities originally pledged as collateral for the promis­
sory notes described. Your company was thus placed in a
position to undertake at once the reorganization of the Mil­
waukee Companies.
Milwaukee Street R ailw ay.—A t the instance of your com­
pany, on May 21 two of your directors were appointed as
receivers of the Milwaukee Street Railway Company
(of Wisconsin), and on May 3L a reorganization agree­
ment was published. [The facts regarding this plan
were given in the Chronicle of June 8, p. 1009.1
This plan has already been so largely assented to that its
success is deemed assured, and no reason is apparent why the
reorganization should not be completed within a few months.
Your company will be entitled under the plan to receive the
follow in g:
First consolidated mortgage bonds ............................. ..
Preferred capital stock............. ..........................................
Common capital stock.......................................3 ’l 2 8 ’4 0 0




*3 2 0 0 1 0 «
1*981’ 800

Cincinnati Edison E lectric Com pany.—Regarding this en­
terprise the report says :
The business of the company has been systematiaed and great econ­
omies made in the operating expenses and in new construction. The
latter has been mainly confined to ihe installation of the city lighting
under the contract of May, 1893. which grants the entire citv lighting
to the company for a term of eieven years. On June l, 1894, there
had been installed 257 city lamps, and since that date l ,225 more
have been added. The total number of lamps to be installed within
the present city limits will be about 3,500, and this will be Increased
py the incorporation of several populous surburban districts. The to­
tal ourrent now installed is equivalent to about 5 ¿>,000 lamps of six­
teen candle power each.
y
8i
Careful estimates are tow being m ide for a plant whereby the 00mpany s lighting fleid may be extended to cover the large residential
districts in the western part of the city and contiguous suburbs, waere
a profitable and steady business can be secured. Tuls will raise the
capacity of the plant to an equivalent of at least 100,OJO lamps o f
sixteen candle power each
^
The General Manager estimates a business this year that will net a
profit of about $50,000, which, however, will be expended on the ex­
tension of the oity lighting. When the installation of the city lighting
and of the extended oommeroia1 lighting and motive power is com­
pleted, there is every reason to believe that the company’s property
and business will be comparatively as valuable as have been those o f
other great central station electric companies here and abroad.

Conclusion.—The other interests of your company do not
call for special comment further than to say in general that
their condition has improved.
Your b mrd feel that there is reason for congratulation in
the present improved condition and prospects of your com­
pany as contrasted with its situation at the last annual meet­
ing. It has been rescued from its perilous position through
the successful carrying out of the funding plan above referred
to, and the reorganization of the Milwaukee Company will
make the new bonds of that company salable at high prices,
and will enable your company to extinguish its entire indebtness and acquire a cash working capital which will place it
in a position to undertake new business and to fully protect
all its interests. It will be the policy o f your board to sell by
public issue or otherwise at least enough of the new Milwau­
kee Street Railway bonds to pay the collateral notes of your
company at as early a date as their full value can be realized.

ANNUAL REPORTS.
North American Company.
CReport fo r the year ending May 31,1895.)
President Charles W . Wetmore says in part in the report:
(xeneral.— The investments of your company remain substantially the same as at the date of the last annual report.
A t that time its loans were to a considerable amount payable
on demand, and many of its time loans matured during the
succeeding six months. Your company held no acceptable
collateral, aside from the first consolidated mortgage bonds of
the Milwaukee Street Railway Company, and the market
value of these bonds was so depreciated as to make it a serious
problem to renew the existing loans o f yoiir company and to
provide for its current financial necessities for the period
during which the principal source of its income had been cut
°®*
as0, became apparent that it was imperatively neces­
sary that the Milwaukee Street Railway Company should be
reorganized and its bonded indebtedness reduced. Under
these circumstances your board undertook to fund the floating
indebtedness o f your company, with the double purpose of
placing it in a secure financial position itself and enabling it
” as the principal holder of the securities of the Milwaukee
^
•way Company, to undertake its reorganization.
Financial Plan,—Your company accordingly authorized
the issue of its 6 per cent collateral promissory notes to the
f l a u n t of $2,200,000, all dated May 1,1895, maturing Nov. 1
1896, both principal and interest payable in gold, all redeem­
able, at the option of your company, at any time before maRar>and a]l secured equally and alike by the deposit
with the Central Trust Company of New York, as trustee, of
the securities of the Milwaukee Street Railway Companies
owned by your company. The entire issue o f these notes was
sold to a syndicate at 96 per cent of their par value, and pay­

[V ol. l x ;

TREASURER'S STATEMENT MAY 3 1 .

Assets.
Bonds—
Milwaukee 8t. Ry. Co. con. M. (par value)
Go
do
2d
do
Slocks
The Milwaukee 8t. Ry. Co.
do
Cin. Edison & Queen City El. Cos. do
Notes and accounts receivable........
Miscellaneous securities (valued at).
Cash..................... .

1895.
$5,182,000
1,275,000

1894.
$5,172,000
1,275,000

2,861,700
382,733
487,817
88,479
170,537

2,861,700
352,633
103,218
371,351
64,648

$10,448,266 $10,200,550
Liabilities.
Interest on sam e..
Accounts payable.

$ 2,200,000
11,000
17,980

$1,791,800
16,218

$2,228,980 $1,808,018
“ “ “ uu^ uuobiuub receivea ana accrued lor the year
ending May 31, 1895.........................
«102 93*
Taxes paid during 1895..... ................. 6 627
Salaries, rentals, legal expenses and all other expenses of" ad’
ministration for the year ending May 31,1895.....................
37 631
Interest and commissions paid and accrued for the year end’
ing May 3 1,1895........................................................................... 189,849
-V . 60, p. 1059,

Pittsburg Fort Wayne & Chicago Railway.
( R eport fo r the year ending Dec. 31,189If.)
The annual report is mainly statistical, and a summary of
the results •for 1894 in comparison with the previous three
years has been prepared for the Chronicle, as below:
EARNINGS AND EXPENSES.

„
.
1894. '
1893.
1892.
1891
Earmngs—
$
«
4
$
Freight...............................6.594,546 7,224,614 8.71^530 7,919,351
Passengers........................ 2,050,934 4,598,926 3,231,839 3,033,558
Express, & o........................ 784,379
836,127
818,463
706,235
Total............................. 9,429,859 12,659,667 12,769,832 11,659,144

J une 22, 1895.]
1893.
1894.
$
Expenses—
$
Conducting transport’ll.. 3,158,758 3,839,974
Motive p ow er.................. 1,739,974 2,119,802
Maintenance of w ay........ 800,196 1,351,842
Maintenance of cars........ 869,193 1,083,257
551,357
General expenses............. 602,645

TH E

CH RONICLE

1103

Bristol Elizabethton & North Carolina.—The sale of this
1891.
1892.
$
$
road has been confirmed.—V. 60, p. 1057.
3,896,969 3,147,743
2,316,823 1,993,085 ! Brooklyn City (Electric)-Long Island Traction.—The
1,188,365
912,259 stockholders of this railroad company have received notice
1,294,542
925,878
501,619 I that the time for the declaration of dividends has been
495,895

' changed from July 1 to July 15. The object of this is understr od to be to give the lessee a little more time in which to
arrange for payment of rental.—Y. 60, p. 480.
Called Bonds.—The following bonds have been called for
payment. The numbers may be learned at the offices of the
Total net in com e.......2,277,933 3,703,817 3,567,129 4,170,231
respective companies:
The Pennsylvania (Jo., lessee, has made the following payBurlington ' & Mo. River RR. in N eb.—Ninety-five
VM000 6 per cent bonds (non-exemp.) due 1918, and 21 for $600
m e n tS :
1894.
1893.
1892.
1891.
each, have been called for payment July 1.
$
$
$
$
P hil . & R ead. Coal & I kon Co.—Eighteen Lee Lands, Oak
Divs. on regular stock___ 1,380,000 1,380,000 ] >^0,000 1,3«0,000
Divs. on special stock---- 1,254,771 1,105,328 1,006,194
95^,532 Hill, bonds have been called for payment July 1.
Int.on lsta n d2 d M.bonds 728,700
728,700
728.700
728,700
R epublican Y alley RR.—Twelve bonds, due 1919, for
Int. on 3d mort. b onds... 140,000
140,000
140,000
140,0(1)
Miscellaneous..... ..............
19,000
19,000
19,000
19,000 $1,000 each and six for $600 each have been calledfor pay­
ment July 1.
T ota l............................. 3,522,471 3,373,028 3,273,894 3,220,232
P aducah & Elizabethtown RR.—Twenty-seven 1st mortNet income as a b o v e ..... 2,277,933 3,708,817 3,567,129 4,170,231 bonds have been called for payment August 1.—V. 60, p. 927.
Total expenses...... . 7,161,766 8,946,732 9,193,094 7.480,584
Net earnings ..................... 2,268,093 3,712,935 3,576,738 4,178,560
Net gain or loss from oper.
—4,118
—9,609
—8,329
N.Castle& Beaver V.RR.
+9,840

Paid as above for rental.. 3,522,471 3,373,028 3,273,894 3,220,232
Paid to sinking fu n d ....... 104,100
104,100
104,100
104,100

Cape Fear & Yadkin Yalley.—A Baltimore paper says:
The Sub-Committee of the Reorganization Committee has
prepared plans and submitted them to counsel to pass upon
legality of form, and upon compliance with the laws of North
Carolina they will be reported to the General Committee of
bondholders for approval, and, if approved, will be printed
and submitted to the bondholders generally for approval or
dissent.”—Y. 60. p. 1008.
Central Pacific—Southern Pacific.—The Southern Pacific
will on July 1, in accordance with a suggestion made in the
report of Sir Rivers Wilson, pay to the stockholders of the
Central Pacific one-half of 1 per cent on the capital stock of
the Central Pacific. The payment will be made on presenta­
tion of dividend warrant number thirty, which will be
stamped accordingly and returned to the holder.—Y . 60, p.
Total..................... .$61,208,039 989.
Total.......... .............$61,208,039
Central Railroad of Georgia.—The reorganization com ­
mittee have received official notice that the directors of the
GENERAL INVESTMENT NEWS.
Allentown & Lehigh Yalley Traction.—The suit against Augusta & Savannah Railroad Company had decided to ac­
this company brought this week was occasioned by a dispute cept the terms offered to their company in the plan for the
involving about $30,000, and is said by the company’s officials reorganization of the Central Railroad & Banking Company
of Georgia. Representatives of the Southwestern of Georgia
to have do special significance.—V. 60, p. 479.
stockholders, it is understood, have also expressed their will­
Atchison System—St. Louis & San Francisco.—At St. ingness to accept the terms offered. The syndicate to under­
Louis Special Master in Chancery George D. Revnolds has de­ write the plan has been completed, the offers to subscribe
cided that the receivers of the St. Louis & San Francisco can­ having been largelv in excess of the amount desired.—Y. 60,
not be permitted to abrogate the leases under which they now p. 1057.
operate four subsidiary roads—the St. Louis Salem & Ark­
Charleston Clendennin & Sutton.—The Cincinnati Com­
ansas, the St. Louis Kansas & Southwestern, the Kansas City
m e r c ia l Gazette says this “ road is completed from Charles­
Sc Southwestern and the Kansas Midland.—Y. 60, p. 1007.
Atchison Topeka & Santa Fe.—The Joint Executive ton, West. Va., to Clendennin, and the work is well under way
Reorganization Committee announces that the time within from that point to Clay Court House. There are over nine
which deposits of bonds and stocks may be made under the hundred men at work, and on Monday the contracts
reorganization plan and agreement has been extended and were closed for the entire right of way from Clay
limited to July 8, after which date deposits will only be re­ Court House to Sutton, a distance of 50 miles.
The
ceived upon penalty of 1 per cent on the par amount of the There are now 32 miles of road in operation.
bonds and stock deposited. The dates for payment of the work is being done substantially but rapidly, and the
remaining instalments of the assessment on the stock, as entire line is to be finished within eighteen months.
heretofore fixed, are extended and limited as follows : The The road passes through entirely new territory, and opens the
second instalment, of $3 per share, to July 19; the third in­ finest coal and timber land in the State, being for the most
stalment, of $2 per share, to Aug. 19, and the fourth and last part the celebrated Elk River Valley. It will give a direct
instalment, of $2 per share, to Sept. 19, 1895. All the certifi­ connection between the State Capital and Pittsburg, Balti­
cates issued under the plan by the various depositories here more and the West and East, by way of the Camden
and abroad are Union Trust Company certificates, and are systems, now in operation, and the BaltimoTe Sc
therefore a good delivery on the New York Stock Exchange Ohio. It will place Pittsburg nearly two hours nearer
—a fact which facilitates arbitrage dealings. See further the State Capital, and will give a western outlet for
Kanawha and New River coal, besides the five coal fields
particulars in our advertising columns.
The Committee announces the deposits of securities to be it will develop.” Some of the parties said to be interested
are John H. Drake, of Philadelphia (Charleston Clendennin
about as follow s:
& Sutton); W. C. Haight and F. L. Rogers, of Bridgeport,
Total Issue.
Deposited.
$129,320,767 Conn. (Northern Neck Company), and the International Com­
$124,000,000
General mortgage 4a
79,000,000
79,937,500 pany of New York.—V. 59, p. il41.
Seconds, class “ A ” —
5,000,000
4,900,000
Seconds, class “ B” . . .
1,020,000
950,000
Chattanooga Union—Alabama Great Southern—Southern
Stock, shares_______
B. P. Cheney, Jr., of Boston, and Charles S. Gleed, of New Railway.—The Chattanooga Union road was sold in fore­
York, directors of the company, have been interviewed in closure on June 17 under a decree of the United States Circuit
Chicago. They are quoted as saying that the foreclosure of Court and bid in for $110,000 in the interest of the Alabama
the general mortgage is well under way, but it is probable Great Southern. The property will therefore become a part of
that the receivership will continue from six months to a year the Southern Railway system.—Y. 60, p. 1006.
longer. They say that the reorganization committee is
Chicago & Northern Pacific.—The Farmers’ Loan Sc Trust
anxious to make a fair agreement with the security-holders Co., as trustee of the first mortgage, on Monday filed a peti­
o f the Colorado Midland, Atlantic & Pacific and St. Louis tion in the United States Court for the placing of the property
& San Francisco, adding : “ The figures pertaining to the of the Chicago & Northern Pacific in the hands of a receiver,
operation of all these three auxiliary lines are being carefully A. Lawrence Hopkins. The only duties of the receiver thus far
studied by the reorganization committee as well as by the have been to handle the funds of the company, collecting the
representatives of the defaulted bonds, and it is probable that rental due it from the Wisconsin Central and other com­
ultimate settlements will be made on the basis of what these panies. The Wisconsin Central receivers have had the actual
figures prove to be. The Chicago terminal problem will be management of its depot and terminal properties under a
disposed of by negotiation or litigation, or both, according to temporary arrangement. The trust company in its petition
what proves to be possible in the matter.” —Y. 60, p. 1057.
alleges that the Wisconsin Central re-leased its lines to the
A tlantic & su perior.—Robinson, Fleming & Co., London, Northern Pacific and that both are now in the hands of re­
have invited applications for £500,000 first mortgage 4 per ceivers. For this reason, and because the terms of the lease
cent 20-year bonds of this company, being a part of the au­ are not being livefl up to, the Court is requested to place the
thorized issue of £4,000,000. The issue price is 99. It is stated property directly in the actual possession of the receiver of
that the Government of Canada has guaranteed the interest the Chicago & Northern Pacific Railroad.—V. 60, p. 794.
on the bonds. The Government authorities correct this by
Chicago Peoria & St. Louis—St. Louis Alton & Terre
stating that the Government has merely agreed to accept the
deposit of certain funds from the company and to pay 3 per Haute.—The St. Louis Alton & Terre Haute RR. Co. has ef1fected an agreement with the reorganization committee pf
cent on such deposited sums.—Railroad Gazette.
3,626,571 3,477,128 3,377,994 3,324,332
Profit to lessee............loss 1,348,638
231,689
189,135
845,899
B A L A N C E S H E E T D E C . 31, 1894.
Or.
Dr.
Tot. cost of Pway, & c.$50,171,828 Capital stock............... $19,714,286
Guar, speoial stock... 18,883,400
Supplies transferred to
Bonds (see I nvestors’
Penn. RR. Co., July
S u p p l e m e n t ) ...... .
12,410,000
1,1869.......................
468,725
38,222
Sinking fu n d s...........
6,398,749 Dividends uncall’d for
Cash to purchase b’ds. 2,271,546 Dividends accrued,not
675,459
d u e ............................
Cash for divs. and int.
783,534
75,623
Cash account...............
10,432 In terest.......................
Unsurrendered bonds. 1,100,000
Penn. RR. Co..lessee—
Miscellaneous.............
6
Equip.& const.bonds
not yet surrendered 1,100,000 Credit of income acot. 8,311,042
Miscellaneous..............
3,224




1104

THE

CHRONICLE.

the Chicag° Peoria & St. Louis by which it is expected that
that property will be merged into the St. Louis Alton & Terre
Maute system. The terms of the negotiation are withheld,
t“ e'carrying out of the plan being dependent upon the ability
of the reorganization committee to perform their part of the
agreement.
The Evening Post says:
It is understood that all questions relating to money have
already been satisfactorily settled. About $4,200,000 is in­
volved in the deal, which amount i 3 reached by an appraisem ®.nfc °* *h® 9 hi,cago Eeoria & St. Louis Road at $25,000 a
mile\ This includes rolling stock and all equipment. This
ls not to be paid wholly in cash, however, securities of
the Cairo Short Line having been accepted at what is regarded
as a fair valuation.”
In place of bonds of the Short Line (St. Louis Alton Sc Terre
Jlaute) an issue of guaranteed bonds, it is said, may be made.
• A j Springfield, III., the United States Court this week
issued an order authorizing Receiver Bosworth of the Chicago
Peona & St. Louis to issue $200,000 additional receivers’ cer®i^nannAf0r t?rminals at Springfield and betterments, making
f 500,000 receivers’ certificates in all authorized and outstand­
ing.—V. 58, page 512.

Cincinnati Hamilton & Dayton.-On July 8 the stock­
holders of this company will take action upon a joint agreement, which has been entered into by the Directors of the
C. H. Sc D., the Cincinnati Dayton & Ironton Railroad Com­
pany and the Cincinnati Dayton <fc Chicago Railroad Com­
pany, for the consolidation of these three corporations. The
terms of agreement are as follows:
The authorized capital stock of the consolidated company
will be $16,000,000, of which $8,000,000 is to be five-per-cent
non-cumulative preferred and $8,000,000 common. In pay­
ment of dividends the preferred will first be entitled to five
per cent, the common will then be entitled to 5 per cent,
after which any excess will be distributed equally to both
C1ESS6S«
four-per-cent p referred stock c f the C. H. &
D. RR. Co, may be changed into the new five-per-cent pre­
ferred, share for share, or, if the holders elect, it may remain,
as it now is, a four-per-cent first preferred.
Each share of the present common stock of the C. H. & D.
RR. Co. will be entitled to receive 1 55-100 shares of new pre­
ferred and two shares of new common,
r.
°^tstand,ing common stocks of C. D. & I. and C. D. Sc
C. RR. Cos. will be exchangeable into new preferred stock on
the basis of one share of new preferred for four shares of such
outstanding common stocks.
The advantages to the system of the consolidation of its
several constituent companies into one company are considimportance, both in the direction of economy and of
eincien t operat ion.
• Mo6jv!i nni zei capital stock of the consolidating companies
is $23,000,000, of which $14,742,100 has been issued.— V. 60, p.
. Concord & Montreal—Boston & Maine.—A special meetthe stockholders of the Concord Sc Montreal Railroad
will be held June 29 to vote upon a proposition to lease their
road to the Boston Sc Maine RR. Co. or to the Boston &
Dowell RR. Co., or to both; also to vote on a proposition to in­
crease the capital stock of the company. “ Concord ” stock,
class IV ., is the only variety of capital stock that can be inCKeaS.€<l ’iacAA AAAhi.s the total authorized is $6,000,000, of which
about $1,800,000, it is understood, remains in the treasury.
Ib e new issue, it is said, will be for $1,200,000 and be sold to
Concord Sc Montreal stockholders pro rata at 125. The terms
of the proposed lease are not certainly known, but are said to
provide for a rental equivalent to 7 per cent on all classes of
D. Sc M. stock. By absorption of the Concord & Montreal
ibe Boston & Maine will be freed from a strong rival in the
midst of its territory, and be placed in control of practically
all the railroad transportation business between Boston and
the region to the North and East.—Y. 60, p. 834, 1,009.

[ V o l . LX.

Distilling & Cattle Feeding.—The reorganization commit­
tee on the 14th mst. petitioned the Court for a judicial sale of
the property, offering to pay $9.800,000 for the principal
plants. This offer is said to have been coupled with no conditton of importance save that the transfer be made within
thirty days, and also that the purchaser be allowed to carrv
on the suit to invalidate the $1,000,000 of bonds sold, or pay
them off if the holders are so entitled. Arguments in theap­
plication were finished yesterday. The Court, it was thought
practically granted the application by asking counsel for thé
reorganization committee to prepare an order.—V. 60, p. 1058.
East Riyer Bridge.—Mâyor Strong this week appointed
Mr. Salem H. Wales a Commissioner of the new East River
Rndge. This fills the commission of this city, Mayor Strong
haying appointed Mr. F. B. Thurber and Mr. Richard Deeves
last week.
Edison Electric Illum inating Company o f Brooklyn.—
The stockholders on Wednesday voted to increase the capital
stock from $3,000,000 to $3,750,000, and to issue additional
bonds to the amount of $500,000. They also ratified the pur928 ° f the Cltlzens Electric Rum inating Company.—V. 60 ,

Electric Traction (Philadelphia) - T h e directors of this
company have decided to issue the 22,600 shares of stock re“ ai?*?g Î? ,tbe treasury. The new stock will be issued at
par ($50), but for the present only $30 will be called—$15 on
June 25, the remainder on Sept. 9. The stock will be issued
1 5 .“ *® proportion o f one share , for every seven now held,
this will increase the capitalization to the full amount
authorized, $8,7o0,000. The Philadelphia Times says :
thus obtained, amounting to a little more than $1.100 be used to pay for the prospective extensions- o f the com­
pany s system, the most important of which will be the hniirlirjo- Af a
ime to Fox Chase by way of the old S eeon d sT reetp ik eth en e^ ssÎrv
franchises and rights for that purpose having already heln secured7
About 20 4 miles of lme all told are to be built,and this will oomolete
the system as now contemplated. The Fox Chase line will be virtniuv
an extension of the Fifth and Sixth Streets
b« a* thueounty line. President Sullivan, of the ElectricTraction C<T
rim^+d ^h^ ^-be company will confine its operations within the citv

5 K

. “

,here ” *° 1"teMl0“ °< “ « » W i f . K s f f l S o r a

“ We are doing a great deal of work just now,” President Sullivan
S t o ' t v . 60, “ 748?” ' Is‘ ” e ° r * “ *
«ôter » ^ l a ï a Slë“ 5eaï

. J ” 1 Worth ft Dearer C itj.-T h e reorganizstiou committee announces that an agreement has been prepared and re*quests holders to deposit their bonds with the Mercantile*
Trust Company, la their circular the committee say:
? b ®,®auimitt66, in response to its circular of December 3 1893 m .
oeived names and addresses of more than two-thirds of the holders o f
the outstanding bonds. Since that time the efforts of the commiftee
have been directed to preparing a plan of reoréanivaHon aî
^ c l o s u r e , ft
due inte?-'
est, and the committee wished to present a plan embodying this feature. hnt has been unable to do so because thepresent laws of T e ™
prohibit the issuing of additional securities on the prw ertv even to
f]rnd existing debt. The committee prepared a bilTwhich would au­
thorize the company to fund its past due interest and for that nunmaft
ern orvetoedR 6 Rallroad Commission was opposed to it, and ttmGovThe present bonded indebtedness of the road is
non
and the actual cost of the property has been
« 9 a a a a PÎ mHe*
The Railroad Commission, however has a r h i t ™ ^ f ? per mileJ
vaine of the Fort Worth & Denver City propefty Jt fess than ÂToOQ
Pbr mlie. If we foreclose and reorganize under the laws of Texas that
| bere0th^aggSregatf of new

“o^ th e

ceiver’s hands only three years, then it must be sold unde“ foreelosure
half, and this law, therefore, makes it neoJssary f o i V u r committee to
move promptly to retain the original charter of the company and to
otherwise preserve your rights.—V. 60, p. 873.
company ana to

E1fl?ti iC;~TA Jpress d^sPatcb pays that this railway,
company has filed at Anderson, Ind., a $5,000,000 mortgage to
nîe^ anDClÇP Loan & trust Co. of New York as trustee. N. J.
ClodfeHer is quoted as saying that the Standard Construction
Company of New York will begin work at Jonesboro next

Coney Island & Brooklyn.—Notice is given that all of the
W6,i ™and Wi! q a ve t ue Hae la °P eratiou betw een A n d e rso n
o per cent certificates of indebtedness now outstanding, dated and
M arion b y Sep tem ber 1.
iaosUary lj 1893’ m11 ba redeemed at par on and after July 1,
Grand Rapids & Indiana.—The committee c insisting o f
1^895, interest ceasing that day.—V. 60, p. 835.
iyttev (0 9 Wall Street, New York), Harry F.
-Cleveland Cincinnati Chicago & St. L o n is .-In an inter­ ■D^eSt
Cnestnut Street, Philadelphia, representing the
v ie w at Louisville recently President Ingalls is quoted as say- Penn Mu tuât Life insurance Co.), and Moses L. Scudder (32
Liberty Street, New York representing the trustees of the
„
tell how long it will be before we come into the citv Our estate of William Astor), have issued a circular informing the
'
ha8> b? built yet. It will be one of the finest depots»of holders of these bonds that as the mortgage of Au«1. 1 1884
’ l i o b 1o(mherwAnd-nWi 1 b e +600 f ®8t lonS by 150 feet wide, costing nearly all of ^fhich is controlled by the Pennsylvania Railroad
$100,000. We will present an ordinance to the city either to-morrow Company, and under which foreclosure proceed ings are pend­
day a8kl“f i ° r right-of way from the new depot to th l
ing, is a prior hen to the general mortgage bonds, its fore*
Seventh°StreetTer wMch we Wl1 enter tbe Union Depot at the foot of
closure will extinguish the lieu of these bonds. The commit*
When asked if all the necessary traffic arrangements had been ar- tee urges the holders of the general mortgage bonds to com*
a« Swe £ ie/
l5 e agreement between the Big Four bme to prevent the extinction of their lien. Tbe bondholders
and the B. & O. 8. W. had been drawn up and accepted, although it
had not been signed. He further stated that the C. & O. would use the are requested to give the committee full authority to act in^ut w?u^ continue to run its passenger trains over the the interests of their holdings, as by such organized and conbetweenthe^wo^fnea acoordance with the agreement lately perfected ^ tr a te d a c tio n it is believed good results may be attained.—
In speaking of the general outlook in railroad business all over the V. 60, p. 1058,
A5',ri.n? ai1,8 said that he thought times if ere getting decidedly
Green Bay Winona & St. Paul.—At Milwaukee, Wis105*8 ' ' d ^ • the business of the lines is increasing.—V. 60, p.
June 18, the answer in the case of the Farmers’ Loan Sc
Trust Company vs. the Green Bay Winona & St. Paul
Denver City Cable.—Judge Hallet, in the United States Railway and others was filed in the United States Circuit
Lourt m Denver, has signed a decree of foreclosure and order Court by J. L. Waterbury, chairman of a committee repre­
pf sale in the case o f the Central Trust Co. against the Den- senting $1,000,000 of bonds originally issued by the railroad
TW Pity Pab}e Railway Cp, Reorg^nizatioa is pending.
company, who refused to continue the various schemes for




JüNE 22, 1895.]

TH E

CHRONICLE.

consolidating the indebtedness of the company. Mr. Waterbury demands that the property be administered as a single
tru st; that the assets of the company be ascertained, and that
the rank of mortgages be declared; that the consolidated
mortgage and bonds issued thereunder be declared null and
void, and that the Farmers’ Loan & Trust Company be or•dered to hold the income bonds of 1881 in trust for the hold­
ers of the certificates.—V. 60, p. 711.
Kentucky & Indiana Bridge.—A bid of 30 was made last
week by a syndicate for this company’s second mortgage
bonds, and it is understood that a majority of the issue was
secured at that price. For which one of the several com ­
panies said to be interested in obtaining control of the prop­
erty the bid was made does not appear,—V. 60, p. 929.
Lake Street Elevated.—The Northern Trust Company of
■Chicago gives notice to the holders of its temporary receipts
in the matter of the adjustment of the bonds of the Lake
Street Elevated that the debentures, income bonds and scrip
provided for are now ready for delivery.—V. 60, p. 1009.

1105

cipal of tbe mortgage has not arrived, and therefore the com­
pany has no right to pay what remains due to outstanding
holders. This cannot be done now under the conditions of
the mortgage. He says that a debtor has no more right to
pay the principal before it is due than he has not to pay it
when it becomes due.—V. 60, p. 1059.
Mutual Has—Universal Gas (Chlca?o) — The Mutual Gas
Company is reported to have acquired possession of the fran­
c h i s e granted to the Universal Gas Company.
The Chicago
Tribune says:
There is no denial of the transfer of the Universal franchise. The
General Manager of the Mutual Company told a reporter for The
Tribune yesterday that his company had bought it. This came out in
the eiurse of a conversation relative to the erection of a new gas
plant hy the Mutual Company at Archer Avenue and Thirty-first
Street. Tfie plant, the General Manager said, is to cost $¿,900,000,
and when running at full capacity will furnish 10,000,000 cubic feet
of gas a day. It will be fifteen months in building, and will begin
business with some 500 miles of mains, although the details of the
street supply work are still in embryo.—V. 60, p. 930.

New York Lake Erie & Western.—A bill for the fore­
closure of the second consolidated mortgage of thi3 railroad

Logansport & Wabash Talley das.—This coinpany, at was filed in the United States Circuit Court on Saturday, the

Wabash, Ind., June 14, recorded a mortgage for $1,750,000,
■covering the property of the company, which includes the
natural gas plants at Logansport, Wabash, Peru and Decatur.
The mortgage is to the Central Trust Co., New York, and
Ferd. Winter, Indianapolis, trustees.
Louisville & Nashville—Louisville Bridge.—At Louis­
ville last week Special Judge W . O. Harris handed down, in
the Chancery division, a decision for the plaintiff in the case
of the Louisville & Nashville RR. Company against the
Louisville Bridge Company. The defendant is required
within two weeks to make a net reduction of 25 per cenfc^ in
its charges, in default of which the Court will at the expira­
tion of that time order a horizontal reduction of 25 per cent.
Judge Harris’s opinion says in p a rt:

By a contract-dated June 5,1872, the plaintiff and several other
railroad companies agreed to pass over the defendant’ s bridge all their
trafilo crossing the Ohio River at Louisville, and defenda it agreed to
handle this traffic at such rates of toll as would enable it to p&y, first,
the expenses of operating and maintaining the bridge; secotid, the in­
terest and a sum sufficient to create a sinking fund to meet the princi­
pal of its bonded debt, and, third, an annual dividend of 6 per ct,, after­
ward reduced to 4 per cent, on its capital stock. The contract further
provides that the rates of toll shall be fixed at the time of signing the
contract “ and shall from year to year be reduced in proportion to the
reduction of interest on said bonds by the operation of said sinking
fund.” * * * The breach of contract complained of is that, notwith
standing the diminution and final extinguishment of the bonded debt
the defendant has failed and refused to diminish its charges as the con
tractrequires. * * * For some reason not explained in the evidence,
the Louisville & Nashville Railroad Co. has never kept an account with
the Bridge Company, nor paid tolls directly to it, but the tolls on its
business passing over the bridge were paid hy the roads connecting
with it on the north. These tolls are largely more than sufficient to
pay the operating expenses and dividends called for by the contract
o f 1872, and to avoid a surplus the whole toll was not, in fact, col
lected by tbe Bridge Company, but was rebated or credited back to
the companies to whom the toll was charged, namely to all the com­
panies actúa llv using the bridge except the Louisville & Nashville.
In the period from 1890 to 1894 the rebates thus credited amount to
the large sum of $746,194. No part of this sum was rebated to the
Louisville <te Nashville Railroad Company. It paid its full tolls to the
connecting carriers north of the bridge, and they got the rebate, the
effect of which was that it paid those carriers the propor ton of the
total rebate which its business bore to the entire business crossing tne
bridge. That ptoportiou appears to have been on an average about 27
per cent. So that the plaintiff was a loser irom Jan. 1,1890, to Octo­
ber 1,1894, to the extent of $201,472. These figures are undisputed,
and yet the 1 ourt is asked by the Bridge Company to decide that the
Louisville & Nashville Railroad Company has hy its oondact waived
the clause of the contrac*, which entitles it to a reduction of tolls and.
has agreed to lose as long as it uses the bridge its proportion of the
rebates, amounting annually to about $13,000.—V. 60, p. 1058. .

15th, J udge Lacombe entered an order continuing the ap­
pointment of the same receivers as now have possession.
This is preparatory to the reorganization of the property by
J. P Morgan & Co.. about which previous mention has been
made —Vol. 60, p. 968.
New York & New England-New York New Haven &
Hartford.—It is now generally believed that the New York
New Haven & Hartford has purchased a sufficient amount of
the reorganization receipts representing the stock of the New
York & New England to give it control of that company so
soon as the reorganization is completed.—V. 60, p. 1059.
New York New Haven & Hartford.—This railroad com­
pany announces that its board of directors have voted an in­
crease of capital stock to the amount of 25 per cent, to be
made on the first day of October, 1895, and to be issued to
stockholders of record on the first day of September, 1895, for
subscription at par in the proportion of one share of new
stock to each four shares of stock then held by them respec­
tively. An additional issue of convertible debenture certifi­
cates to the amount of $3,287,500 was also authorized. Said
certificates to mature at the same time as the present out­
standing debenture certificates and of similar tenure. Said
new convertible debenture certificates will be offered to the
holders of outstanding convertible debenture certificates, or
their assigns, on tbe first day of September, 1895, for subscrip­
tion at par in proportion of one new debenture certificate of
$100 to $400 of denenture certificates then held by them re­
spectively. In reply to a question as to the purposes for
which the additional capital is required Judge Hall is quoted
as having mentioned:

Maryland & Columbia.—According to the Baltimore
Am erican the stockholders of this company On Monday arranged for the acquisition of the Catousville Short Line, and
also to absorb the following roads, built and projected : The
Eckington & Soldiers’ Home and Belt lines, roads now
operating in Washington City, 34 miles of track ; the Balti­
more & Washington Turnpike & Tramway Company, about
JO m iles; Edmondson Avenue Catonsville & Ellicott City
Electric Railway, now being built, about 10 miles ; Maryland
& Washington Railway Company, in the District of Columbia,
about 50 miles, and tbe Maryland & Washington Railway
Company, in Maryland, about 30 miles. The issuance of
$6.000,000 five per cent first mortgage gold bonds was au­
thorized. Tne following officers were elected: President,
Thomas M. Lanahan : Vice-President, Bernard N. Baker;
Treasurer, Ernest McElroy; Secretary, R. Stanley Carswell;
General Manager, W . Kelsey Schoepf. See item Baltimore
& Washington Boulevard Electric in C h r o n ic l e of June 15.
—V . 60, p. 1057.
Metropolitan Street Railway—Kansas City.—The chart­
ers of all the constituent companies have been extended
thirty years, to 1925.—V. 60, p. 929.
Missouri Kansts Texas.—The General Term of the Su­
preme Court iu an opinion written by Judge O’ Brien has de­
nied the right of the Missouri Kansas & Texis to pay off
$187,000 outstanding Tebo & Neosho 7 per cem bonds and the
cancellation of the mortgage executed June 1, 1870. It ap­
pears tbe bulk of the issue is in the M. K, & l. treasury aud
the sinking fund provision providing for the payment
to the Union Trust Company yearly of one per cent of the
principal ot' the bonds has oeen ignored. The bonds were to
be redeemed yearly by lot. The Court holds this redemption
by lot should apply against the whole issuo and not solely
against the $187,000 bonds in the hands of the public. J udge
■r2 ....— „ -----.
the time fixed for the payment of
on r-




Tbe four-tracking of tbe Harlem River braneb. and tbe work in
8tamford and Bridgeport; improvements at New Haven randerea
necessary by tbe increase in tbe company’s business; the eliminating or
grade crossings; additional terminal facilities rendered necessary ny
tbe trafilo growing out of tbe control of tbe Old Colony road, the lease
of which property was not thought of when tb i debentures or 1892
were issued [the company has already purchased in and about Harlem
River real estate to the amount qf three-quarters of a million dollars];
terminals and station facilities at Providence; further purchases or
the stock and bonds of tbe leased lines in accordance with the com­
pany’s charter, and finally readv capital with which to handle larger
traffic. The present business of the company, the Judge says, is as
good as could be expected, and the outlook for the future seems
bright. While there is no probability of an immediate resumption or
dividends on a 10 per cent basis, yet there is great confidence that
regular dividends at the rate of 8 per cent per annum can he main­
tained upon the increased capital.

As the company has outstanding about $38,000,000 of capital, the new stock, which will be equal to 25 per cent of this
amount, will at par afford the company about $9,500,000 m
cash, in addition to which $3,287,500 will be derived from
sale of the debentures, making the aggregate of fresh capital
about 12%; millions.—Y. 60, p. 1010.
North American.—Sitting in Chancery, Vice-Chancellor
Emery this week denied the application of William G. Rothermel and others for an, injunction postponing the election of
directors for the North American Company set down for
Wednesday. The meeting was held, the annual report being
given on another page —V. 60, p. 1059.
Northwestern Elevated (Chicago).—At the meeting of the
Columbia Construction Company June 13 a resolution was
presented by D. H, Louderback reciting that the Columbia
Construction Company had a capital of $3,000,000, all of
which has been paid in in cash, and that the cash has been
expended in the construction of the Northwestern Elevated
road. In order to provide funds for completing the under­
taking it was resolved and adopted that a special meeting of
the stockholders be called for 3:30 o’clock July 13 to vote
upon the proposition of increasing the company’s capital from
$2,000,000 to $5,000,000. In explanation of this the Chicago
Tribune quotes Secretary Furbeck as follows :
“ It will cost a little over $7.000,000 to build the North westeru Elevated. Of that amount, if this plan is adopted, $5,000,000 will be
raised directly from the stock of the construction company. The re­
maining $2,0(K>,00u oan then be borrowed from the local hanks on the
credit of the construction company, possibly using some of the mmas
of the elevated railroad company which have been issued, hut whIch
ar« all held by the construction company as collateral. By toe time
the road is completed we feel sure there will be a good
elevated company’s stock. We will then propose the issue of preferred,
stock hearing « o r 7 per cent dividends and with these dividends
cumulative.” —V. 60, P. 930.
Northern P a c if ic .— At Milwaukee, June 21, Judge Jenkins

directed the receivers of this company to pay the semi-an-

no6

TH E

CHRONICLE.

IV o l . LX.

? ua
A
^n01i ,be_general first mortgage bonds, amount­
ing to $1,2.5,030, due July 1, and to pay the sinking fund
« qr7 Q7^’ matunnK under the mortgage on the same day,
5367,375, as soon as the sales of lands caused by the mortgage
can be adjusted. A report of the Comptroller is attached to
iA ? ^ K8h°^?,ng that the turnings of the road prior to
June 30, 1895, will exceed the operating expenses and the
prior liens and charges by an amount sufficient to pay inter­
est and sinking fund due July 1.—V. 60, p. 1059.

™ n A°r S,2 00’ 000 by the Credits Commutation Company
Ihe Credits Commutation Company, which has now under­
taken to complete the structure, is a reorganization of the
Union Loan & Trust Co., of Sioux Citv, whose failure in 1893
involved the Sioux City Terminal Railway and the Union
Sto^k Yards Co. The municipality of Sioux City is reported
to have recently voted a tax to aid in completing the bridge
and the directors of the Credits Commutation Co. have au­
thorized an assessment vof 10 per cent on $4 , 000,000 of the
Oregon Iroprovement.-At Portland, Ore., on Tuesday, at stock of that comoany to secure additional funds to complete
the annual election of directors for this comoany the proxy the structure. Contracts for completion of the bridge are
committee, consisting of John G. Moore and Edwin S Hooley said to have been let. They call for a combination railroad
KfiW7 ° rk
E*I Ro,lli,Qa Mor-e of Boston, voted upoh street car and wagon bridge, which must be completed on or
36,691 shares of stock, while the present management voted bei°^euMarch lf 1896, 11 must be completed then or the tax
upon 31,391 shares. The successful ticket was as follows
voted by Sioux City in aid of the bridge will lapse. The tax
Henry Failing, C. H. Lewis, C. A. Dolph, W . M. Ladd, J will amount, it is said, to $320,000.
Bourne, J r , of Portland ; Elijah Smith of Empire City, Or.
Tennessee Coal, Iron & Railroad Co.—Sloss Iron & Steel
Edwin S. Hooley, W . J. Hoffman, C. B. O’Neill:, Charles Me
(¿uade and Charles Schultz, of New York. The Eist LO.— these companies are reported to have made an agree­
era directors defeated are President W . H. Starbuck ment for a joint selling agency. They have also announced
Frederick H. PrUnce of Boston and C. B. Tedcastle, the Secre­ an advance of 50 cents a ton in the price o f Southern pig
tary of the company. Messrs. Failing, Lewis, Ladd, and iron. This makes the total advance since April 1 , $1 75
a ton. The Sloes Company is said to have sold its output for
Dolph were upon both tickets.—V. 60, p. 954.
the next 90 days, and the Tennessee Coal & Iron Co. is sold
ahead for four months.—Y. 60, p. 746.
Oregon Short Line & Utah Northern-Union Pacific.
The Consolidated Bondholders’ Committee have decided that
Toledo Ann Arbor & North Michigan.—The application
they cannot accede to the order of the court in the matter of
the application for an independent receiver. This order re­ ot this railway company for a supersedeas, suspending the
foreciosure saie of the railway pending an appeal to the
quires them to pay all interest in default on the several first
mortgages and to maintain such payments. This decision United States Circuit Court of Appeals, was heard before
of the committee possibly may have the effect of bringing Judge Taft in Cincinnati this week. A t the conclusion of
together the two Short Line committees representing the the hearing Judge Taft took the matter under advisement
firsts and consols for their mutual protection and preserva­ stating that if he decided to grant the application he would
tion to the system of the Utah & Northern line. The import­ fix the supersedeas bond at $100,000. Doubt is expressed
ance of the latter to the Short Line and its value to other whether this bond will be forthcoming.—V. 60, p. 1061.
lines is generally recognized. A t Salt Lake Thursday a m o­ .U n io n Pacific—Kansas Central.—At St. Paul, Minn., June
tion was made for ihe modification of the recent order so as 17, Judge Sanborn of the United States Circuit Court granted
to make J. M. Egan the sole receiver, with authoritv to issue the receivers authority to issue Kansas Central receivers’ cer­
certificates and to take possession without paying'the Utah tificates for the purpose of making necessary repairs on that
?i)ut^ rn .and Utah Southern extension interest. Judge road, one of the feeders o f the Union Pacific.—V . 60, p. 1061
Merritt will hear the arguments next Tuesday.—V. 60, p. 1059.
United States Cordage Company.—The bondholders’ com­
(Kansas City.)—Judge Philips of mittee mentioned last week have issued a statement in which
the Federal Court at Kansas City has filed an order author­ they say:
izing the sale of this road, for not less than $150,000. The
The bondholders’ protective committee have since their first an.
¡523? 0L !£ eo2nW n^ e. figQred as $600,000 first mortgage ?i?^ITTeii1iie3?t a iune v!’
made such examination of the affairs of
bonds, $267,380 defaulted interest, and $118,740 on the second
Cordage Company as the reports and data submit+ fe °®urteBV of the company’ s offloials haveenabled them
mortgage, or $986,120 in all. The Kansas City Star says the
The time has not been sufficient for independent iuvestio-Asale will probably take place about the first of next year, and ^9
-68^ 1^ ®lluaticm and the prospects for the future. B a ton
there is every indication that the Metropolitan Street Railway thaiiQtw6,^
9ata furnished by the company to justify their proposal that vou
Company will be the purchaser.
J e o n i f t y0Ur — J mortgage bonds for second m o r t g a g e d
^?me bonds, giving priority to new bonds to be issued for funds furPennsylvania Steel — Maryland Steel.—At Baltimore, nished by the stockholders, your committee already feel iustified in
JudgeDoblersigned an order dismissing the receiver­ advising you that they are unable to discover any sufficient «round for
this relinquishment of your security.
1 grouna Ior
ship for this company.—V. 60, p. 873.
£ne statements furnished to your committee show:
Tae company’ s balance sheet, May I, 1895. shows current, li«Peoria Decatur & Evansville R y.-N otice is given to the
d^ed charges and taxes) amounting to $2,155 first mortgage bondholders Peoria Division that the coupons 079
a v 6ts avallabJe for tbc payment thereof amounting
due January 1, 1895, on the above-mentioned bonds will be to73<R2895n 29
committee are informed that during- the
paid at the office of the Central Trust Company, in New York month of May the liabilities were reduced by payment of $400 000 o f
City, on and after Friday, June 28, 1895.
able o n ^ a i^ T n n ^ i6 the valJ.le.of merchandise and accounts receivhand June 1 amounted in round numbers to $2,000 000 bnIh e second mortgage bondholders’ committee have prepared sides0n
some other small items of value.
9
9
9
? L a^ reev eDi " nde^ which deposit of bonds is invited with
On their own showing the company have abundant assets to m r
the New York Security & Trust Company, 46 Wall Street.
current liabilities without encroaching at all on your security
P J
Copies of the agreement and of
circular explaining the ties’ arillne in
^ atV h6i l ° m?.aiiy st.arted under serious diffleulln
Part
from
the
obligations
of
th%old
company,
for
whioh
necessity of prompt and united action may be obtained at the of1« f
ht t0 Remade, yet it had January 1,1894. a oapital
depository, or of any member of the committee. M. L 0O1 o i in
$ 276’9®3
*n g °od accounts and $1,296,ou i u i in merchandise, aggregating $2,770,588 72 and siihsfinn«ntiir
bcudder, Chairman, 32 Liberty Street.—V. 60, p. 1059.
R e iv e d from sales of securities $567,497, and the oompanyVemba^
Plans, etc.—The following is an index to
s
W e S S t f
all defaults, foreclosure sales, reorganization plans, the names £ a S V t S t o \ ? e S 8 S S 5 a
* y tmr^securityf6™h?ef
of all reorganization committees, and all statements respecting
the payment of overdue coupons, that have been published in all fines1o f s i »
Materiai. in 1394, a year of diminished trade in
the C h r o n ic l e since the April edition of the I n v e s t o r s ’ S u p ­
01 business, the company purchased nearly 85.00o.000 pounds
mar^et (m addition to 6,787,000 pounds on
p l e m e n t was issued, all earlier facts of this nature being set hand^t th« tin?«
nand at the time of the reorganization) and nearly 6,000.000 Dounds
°**.r ^ *baA P l i c a t i o n . It does not, h o w e v e r, in clu d e used 46^00^000
t0 9*°00>000 pounds on hand). They only

m atter in to -d a y ’s C h r o n ic l e .

71 0006000° ’l m ?r,^ ?n 8 0f bemP ln manufacture, and, after selling off

The following abbreviations are used: Plan for reorganiza- heinn
ovar near]y 28,000,000 pounds of
24,600,000 pounds of rope and twine. Their sales of
tton or readjustment plan; coup, for coupon payments; def. nemp, besides g0°d8
amounted to $2,496,389 O i; their purchases of
for default; Com for committee.
’
J
Volume 60.
Page
Atchison System—
Colorado Midland.......coup. 747
_ do
do
........ Com. 872
St. L. & San Fran.......coup. 10 07
Atlanta & Florida......... sale. 1007
Augusta & Knoxville...Com. 967
Bristol Eliaab’ n & N. C... sale. 1057
Cape Fear & Yadk. Val..Com.l008
Chesapeake O. & S. W ..eoup.1008
Chicago & West M ich... com». 748
D istilling* C. F ............... def. 1009
Georgia South. & Fla__ plan. 928
Grand Rapids & Ind___Com. 1058
Kan. City Water Works.coup. 929
Little Rock * Memphis..sale. 967
Louisv. Evansv. & 8t. L.. Com. 873
Do
do
coup. 967
Marietta & No. Ga.......... sale. IG09
Milwaukee St. R y . . . . .......def. 929

Volume 60.
Page.
Milwaukee St. Ry ........ plan. 1009
N. Y. Lake E. & West.......def. 968
v
New England.. .coup. 1059
Norfolk & Western..........Com. 874
Northern Adirondack__ sale. 968
northern Pacific............plan. 930
Ohio Southern................. Com. 874
_ 1)0
def. 1010
Oregon 8h. L. & U. Nor.coM». 968
Peoria Deo. & Evansv.. Com. 930
Pitts. Akron & W..........sale.1059
oav. Americus & Mont..plan 874
Tex. Louisiana & East ..sale. 1010
Toledo A. A. & N. M........ sale. 969
Union Pacific.................. coup. 969
Un. St. RK. (Dover, N. H )sale. 969
U. S. Cordage.................ptaw.1012
Do
Com. 1061

raEx^flitfAn1nfIp?UIVtedrt0+i lie disproportionate sum of $3,683,120 01.
1 nth?,,8am® year of diminished trade, with
« o n ! ? m i l l s idle, they bought the Pearson mill for
$900,000, of which they paid $500,000 in cash.
vear8
were $200,03«
H9«li439t'~
e of $2,496,389
aml agency
year were
on'rili
sales
01. expenses ” for 'the
tions^ad1!
have discovered in the representay °u should sacrifice your
of t
h
e
0®nt empl ated by the plan put out in the interest
i i
management. They learn that the underlywhich
h a v elong
^ l^ been idle,8and
la*dare
by not
th? °°mpany,
attach
w ncruiave
urgent.—V.
60, p.chiefly
1010. to mills

Notice is given to stock and bond holders desirous of having
their interests represented that they are invited to communi­
cate with either of the undersigned, who at the request of the
holders of a large amount of securities, both bonds and stocks,
have consented to act as a committee of inquiry: Robert L.
Niles, Chairman, Niles Bros., 66 Broadway, New York; Chas.
r - ri7 ^ ’ S r.v2 8 Rrothers & Co > 44 Broadway, New York;
Savannah Americus & M ontgomery—Georgia & A la­ Josiah C. Reiff, Woerishoffer & Co., 52 Exchange Place; A.
Pjek, Treasurer, A. R. Pick & Co., 29 Broad Street, New
bama. Ihe name of the successor company to the Savannah R.
York.—V. 60, p. 1060.
Americus & Montgomery Railroad, it is said, will be the
lieorgia & Alabama Railroad Company, Tho chartor for the
Wabash. It is announced that the entire amount of
new company is now being drawn up.—V. 60, p. 1060.
brs*m o rtg a g e bonds to be issued in replacement of the
Sioux City B ridge.—The unfinished bridge at Sioux Citv North Missouri and St. Louis Kansas City & Northern 7 per
and all other assets of the Pacific Short Line and Missouri cent bonds having been disposed of, no further exchanges of
maturing bonds into Wabash first mortgage bonds can
Bridge companies were sold at receiver's sale on June 10 and the
hereafter be effected.—V. 59, p. 740.




THE

June 22, 1895. |

1107

CHRONICLE.

c OT

xt (&ommzxtml jinxes
'

COMMERCIAL

T he Movem en t

EPITOME.

op the

T ON.

F r i d a y N i g h t , June 21, 1895,
C r o p , as indicated by our telegram,

from the South to-night, is given below. For the week ending
this evening the total receipts have reached 15,514 bales,
The movement of bulk parcels of merchandise from first against 15,527 bales last week and 19,829 bales the previous
week, making the total receipts since the 1st o f Sept., 1894,
hands has been smaller in many instances, in consequence of 7,832,272
bales, against 5,870.851 bales for the same period of
seasonable methods of operators who desire to curtail in­ 1893-4, showing an increase since Sep.l, 1894, of 1,961,421 bales.
vestments until after close of first half of year. Jobbers and
Total.
Wed. Thürs. I Fri.
Tues.
Mon.
Sat.
Receipts at—
retailers, however, report a continued satisfactory trade,
103
477
52
53
50
219
mills and factories are busy on previously booked orders, and
93
»2
Velasco, & o ....
a cheerful feeling prevails in commercial circles. The im ­ Sew Orleans..
2,833
349
359
113 1,089
513
410
770
3
10
3
5
722
proving conditions prevailing in market for iron and metals
27
13
13
and their products is very noticeable, and during the week Florida.............
1,607
59
762
61
390
28
307
Savannah__.
.
.
an advance has been made in cost of steel rails. Crop ad­
56
56
Bruns w’k,&c.
vices have been favorable. In consequence speculative hold
35
1
27
3
4
3,570
3,570
ers of wheat have been liquidating their contracts, under
Pt. Royal, &o.
.......
20
14
1
5
which prices declined; but this shrinkage in cost served as an W ilmington....
Wash’ton,
&o.
attraction for increased export demand. Reports from the
391
117
8
8
2
250
6
South indicate a greatly improved prospect for the rice crop.
116
23
15
78
West P oin t...
219
There has been very little call for lard on the spot, and
219
N’port N., &o. ........
........
........
45
prices have again declined, closing easy at 6-70c. asked for
45
1,389
prime Western, 6‘10c. for prime City and 7c. for refined
64
349
157
460
309
for the Continent. The speculative dealings in the local mar­
372
372
ket for lard futures have been very limited, and prices have Philadelphia &c
3,509
92
74
284
23 2,402
634
declined in sympathy with the weakness of the grain mar­
987 5,150 15.514
kets and in response to easier advices from the West.
Tot’ls this week 1,9171 2,078 3,026 2,356
D AILY CLOSING PRICES OP LARD FUTUBE8.
The following shows the week's total receipts, the total since
Wed. Ihurs.
Fn. 8ept. 1. 1894. and the stock to-night, compared with last year.
Mon. Tues.
Sat.
6-75
6-90
6-85
F r i d a y N ig h t , June 21,1895.

J u ly ................................0. 6-90
September.................... c. 7-10

6-90
7-12

7-12

7-05

7-00

6-70
6*95

Pork has sold more freely but at lower prices, closing at
$13@$13 75 for mess, $13@$15 for short clear and $13 for
family. Cut meats have been quiet but steadily held, closing
at 6@6J^c. for pickled bellies, 12@10 lbs. average, 5 ^ c. for
pickled shoulders and 9@93^c. for pickled hams. Beef has
been without change, closing at $8 for mess, $9@$10 for
packet, $11@$13 for family and$17@$l8 50 for extra India mess.
Beef hams have declined, closing at $18@$18 50. Tallow has
been quiet but steady, closing at 4 ^ c . Lard stearine has been
quoted nominally at 8%c. Oleo stearine has been fairly active,
closing steady at 7 ^ c. Cotton-seed oil has had a very slow
call, but prices have been quoted unchanged at 23 a 24c. for
prime crude and 26%@27c. for prime yellow. Butter has
been moderately active and steady, closing at 12@18c. for
creamery. Cheese has been in fair demand and steady,
closing at
for State factory, full cream. Fresh
eggs have further declined, closing at
for choice
Western,
Coffee slightly more active, with choice standard qualities
ruling about steady, but faulty goods offered at lower rates.
Rio No. 7 quoted at 15%@16c. for flat bean; good Cucuta,
19M@19^c., and standard Java, 27@27^c. Speculation for
future delivery moved with great caution, but in general the
indications were tame and the least effort to realize weakened
cost. At the close the feeling is easy.
The following were the final asking prices:
June............................. |Sept.................14*30e. ; Dee.................14\30c.
July ............... 14 20c. Oct................. 14-35e. Jan ..................14-30e.
Aug ____ ____ 14-25e INov ................ 14-350. I March..............14-20c.
Raw sugars sold slowly during the greater portion of week
and tone of market was easy, althongh importers did not
urge sales, and some are commencing to store arrivals. Cen­
trifugals quoted 3 5-16c. for 96-deg. test and Muscovado 2 % g .
for 89-deg. tegt. Refined were a trifle more active, closing
dull; granulated quoted at 4%c. Other staple groceries dull.
A limited amount of business has been transacted in Ken­
tucky tobacco at steady prices; sales 250 hhds. For seed leaf
tobacco the demand has increased and prices have been
steady; sales for the week were 1,570 cases, as follows : 300
cases 1894 crop, New England seed leaf, 15^@19c.; 100 cases
1893 crop, New England seed leaf, 10@ 13c.; 100 cases 1893
crop, New England Havana seed, 4@10c.; 150 cases 1892 crop,
New England Havana seed, 16@35c.; 50 cases 1891 crop, New
England Havana seed, private terms; 175 cases 1892 crop,
Wisconsin Havana seed, ll@ 14c.; 100 cases 1892 crop. New
York State Havana seed, 12@14c.; 200 cases 1893 crop, Penn­
sylvania Havana seed, 9 ^ @ l0 ^ c .; 195 cases 1892 crop. Penn­
sylvania Havana seed, 1 0 ^ @ ll^ c ., and 200 cases 1892 crop,
Pennsylvania seed leaf. 9 % @ llc.; also 1.500 bales Havana,
65c.@$l 05, and 450 bales Sumatra, 30c.@$3 in bon«-.
The speculation in the market for Straits tin has been slow,
and early in the week prices declined; subsequently stronger
advices from abroad caused most of the loss to be recovered,
closing firm at 14c. Ingot copper has been quiet but steady,
closing at 10-60@10-65c. for Lake. Lead has weakened a
trifle in price, but the close was steady at 3-27^@3‘30c. for do­
mestic. Spelter has declined, closing easy at 3-57^@3-60c. for
domestic. Pig iron unchanged at $10@12 50 for domestic.
Refined petroleum has advanced, closing dull at 8-10c. in
bbls., 5*60c. in bulk and 8 30c. in cases; crude in bbls. has been
nominal; naphtha, 9c. Crude certificates have further ad* vanced, closing at $1 80 bid. Spirits turpentine has been un­
settled, closing steady at 29^@ 29^c. Rosins have been
steadier, closing at $1 55@$1 60 for common to good strained.
W ool has been in better demand and steady. Hops have been
dull and without change.




Receipts to
June 21.

1894-95.
This Since Sep.
Week. 1,1894.

1893-94.
This Since Sep.
Week. 1,1893.

Galveston...
yelasoo, &o.
Sew Orleans
Mobile..........
Florida........
Savannah...
Br’ wiok,<feo
harleston..
P. Royal, &o.
Wilmington..
Wasn’n, &o
Norfolk.......
West Point
N’ p’tN .,&c
Sew Y ork...
B oston........
Baltimore...
Philadel.,<fec.

477 1,651,573
73,842
92
2,833 2,567,293
770 238,192
25,395
13
1,607 937,548
56 152,804
35 427,156
3,570 160,783
20 234,299
928
391 469,566
116 285,874
42,411
219
45 137,107
1,389 160,471
372 118,145
3,509 148,885

644 1,001,828
42,129
674
3,106 1,848,455
47 197,830
36,376
64
2,800 957,442
474
97,167
80 337,701
1,855
80,657
16 189,474
499
874 487,958
355 238,163
61,222
147
70,379
99,064
176
59,827
148
64,630
609

T otals.......

15,514 7,832,272

12,069 5,870,851

Stock.

1895.

1894.

9,020

12,400

124,293
10,704

77,614
7,261

18,346
2,497
19,672

12,555

11,119

2,853

18,846
233
2
210,587
6,000
11,076
10,499

16,038
377
445
200 634
5,800
9,972
8,043

452.894

372,502

18,505

In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons._________
Receipts at—

1895.

1893.

1894

1892.

1891.

1890.

Galves’n,&e.
Sew Orleans
Mobile........
Savannah...
0har’ton,&o
Wilm’ton,&c
Norfolk.......
W. Point,<feo.
All others...

569
2,833
770
1,607
3,605
20
391
335
5,384

1,318
3,106
47
2,800
1,935
16
874
502
1,471

1,574
8,984
769
3,636
1,425
98
2,716
691
3,203

2,101
4,517
315
2,879
2,448
106
2,414
897
3,936

956
3,792
513
2,337
383
74
1,809
2,423
3,115

43
1,211
22
971
120
20
278
445
191

Tot. this wk.

15,514

12,069

23,096

19,643

15,412

3,301

Since Sept. 1 7832,272 5870,851 4974,374 7032,849 6843,569 5777,946

The exports for the wees ending this evening reach a total
of 34,405 bales, o f which 24,359 were to Great Britain, 100
to France and 9,946 to the rest of the Continent. Below a« “
the exports for the week and since September 1, 1894._______
Exports
from —
ia lv e s to n —
Velasco, Ac...
Sew O rleans..
Mobile A Pen.
Savannah.......
Brunswick..
Charleston*...
W ilmington.
N orfolk.........
West Point..
S ’p’t News, Ac
Sew York.
Boston...........
Baltimore.. ..
Philadelp’a

From Sept. 1,1894 to June 21 1896
Week Ending June 21.
Exporte to —
Exported to—
Conti­
Great
Conti­ Total
Great
lo ta ».
B rit’n. France nent. Week. Britain France nent.
300
78
2,422

3,312
2,400

3,570

100
5,865
3,928
2,621
2,503

100

3,012
78
4,822
........

810,469 212,413

872,739 480,260
89,245
63,132 27,100
74,745
3,570 258,155 18,791
55,044 4,160
141,084
70.871
33 471
100
5,836 11,801 453,252 40,139
3,928 277,753
1,304 3,925 107,702 7,155
60,002
6 2,569

324,689 1,347,571
57,837
57,837
664,298 1,997,303
31,120 120,365
447.085 537,377
28.649 103,394
222,284 499,232
138,232 197,436
44,225 185,309
36,287 107.158
33 471
279,771 773.102
2,5571 ¿80,310
157,211Í 272,068
80,177
19,575

100 9,946 34,405 3,368,264 770,084 2,453,822 6,592,170
Total............ 24,359
201 10,957 26,918 2,814,190 682,466 1,632,041 5.028 897
rotai, 1893-91. 15,760
* Including P ort R oyal.

1108

THE

CHRONICLE.

rv o L .

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 fo i
New York, which are prepared for our special use by Messrs,
Lambert & Barrows, Produce Exchange Building.

hi
a
Hi?-*
>3* g.

ON SHIPROARD, NOT CLEARED--F O R

June 21 at—

Great
Other Coast­
Britain. France. Foreign wise.
6,810
None.
None.
None.
2,000
3,000
2,800
4,500

383
None.
None.
None.
None.
None.
300
None.

Total 1895...

19,110

683

Total 1894...
Total 1893...

4,901
14,166

1,481
2,883

814
990
None.
None.
None.
200
7,600
2,800

1,758
542
None.
None.
None.
800
None.
None.

9,765
1,532
None.
None.
2,000
4,000
10,700
7,300

12,404

3,100

35,297

417,597

20,908
18,202

6,077
5,335

33,367
40,586

339,135
359,318

114,528
7,488
18,346
19,672
8,704
14,846
199,387
34,126

§

a.

03

(SIODt-1®
® .« s *
ft «30^
• ¿O •sj

0
to
CO

9 e? 5T acb
CO r> C
tQ GOOD
1

1 d

03

03

3 î?QOP

toa footo-d a ® S3
Op o toio<¡ o
'S.® 9 2 . 3
4 $. ©W
®ü> ® ,
ft <u
¡Í9 0 Í» ¡lO O * ¿0
tô 0 *
r tô ° *
CO

A v’ge..

New Orleans...
G alveston ......
Savannah......
Charleston.....
M o b ile .........
N orfolk. . . . . . . .
New York........
Other p o rts....

Leaving
Stock.

Total.

l x

H i!

00

>
® 1 < <?i
00 1
<
a
a*>T
1®
1®

>
H ® 1 ¡4
§9 . . »?
®
:
®: :

Speculation in cotton for future delivery at this market
has shown greater animation, with some sharp fluctuations in
price. Advices upon crop prospects were of very conflicting
nature, and served as an influence to restrain new ventures
and perplex operators endeavoring to adjust old engage­
ments. Appearances indicate a considerable liquidation of
“ long” holdings, but not much addition to the “ short” inter­
est. On Saturday business opened easy, with 4 points loss,
but covering to secure profit at end of the week stiffened
tone and modified the loss to 1 point net. The early bidding
on Monday raised prices 3@4 points, upon which selling or­
ders were attracted, causing quick reaction and finally closing market at 5 points net loss. Tuesday’s advices brought
improved crop stories, tame advices from abroad and few
buying orders, and some discouraged “ longs” seeking to
liquidate prices made a net decline o f 11@12 points, closing
apparently weak. But on Wednesday reports of excessive
rains in Southwest and a better construction placed upon for­
eign news frightened shorts into covering and price regained
7@8 points. Yesterday buying orders were scarce, and con­
siderable pressure to sell came from the South, under which
cost dropped 6@7/points. To-day the tone has been unsettled,
but prices gained a fraction on reports o f heavy rains in
Texas. The business in cotton on the spot was small, with mid'dling uplands quoted at 7 3-16c.
The total sales for for ward delivery for the week are 813,400
bales. For immediate delivery the total sales foot up this week
4,784 bales, including 2,900 for export, 1,5S4 for consumption.
— for speculation and 300 on contract. The following art
the official quotations for each day of the past week—
June 15 to June 21.
Rates on and off middling, as established Nov. 22, 1893,
toy the Revision Committee, at which grades other thaD
middling may be delivered on contract:
f a i r ..................................0.
o. IH
11*
Middling Fair......... .........
"Strict Good Middling....... i«
Good Middling................ . |
Strict Low Middling........
••• S16
Low Middling
—
...

on. Good Ordinary............... c.
on. Good Middling Tinged...
on. Striot Middling Stained..
on. Middling Stained.............
oft. Striot Low Mid. Stained..
off. Low Middling Stained.. . .
oft.

l*e off.
Even.
7SS oft.
7ifi oil.
2932 ofl.
13g oft.

On this basis the prices for a few of the grades would be
follows:
UPLANDS.

Sat.

M o n T u e« W e d

Th.

•Good O r d in a r y .....................
Low Middling............................
Middling............. .......................
Good Middling..........................
Middling Fair.............................

6i 18
6%
73,e
71«
81,«

61«
6B«
61316 6 \
714
73,6
7», a 71«
81«
81,«

d ie

65ie

63g
7he
71«

6iie.
6%
71«
81,»

8t,«
Sat. M o il T u es W e d T h .

GULF.
Good O rdinary................... .
Low Middling............................
Middling.....................................
■Good M id d lin g ..................
Middling F a ir............. ....

7^16
7%
85,«

STAINED.

Sat.

838

6616
7 7 ,6

7%
8»i«

6Bxe
7%
85,6

F it

S&6
7% *

81,6
Fr»

fie

65,e

7 ‘16
7*

7*

M o n T u es W e d T h . F ri.
51316 578
5l3te Ö13je
5l3ie
6%
613x6 6%
63132 7xsa
63133 6 ^ 3 2
73,6 714
7 3 ,6
73,6 73, 6 73,6a
MARKET AND SALES.

Low Middling..........................
Middling..................................
Striot Middling..........................
Good Middling Tinged.......... .

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
^statem ent. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SPOT MARKET
CLOSED.

■Sat’d a y . Dull at ii6 dec..
Monday Steady at 1, • ad.
Tuesday Quiet at i,e dec.
Wed’day Quiet & steady..
Tbur’ d’y Easy...................
Friday.. Q uiet.................

SALES OP SPOT AND CONTRACT.

Ex­
port.

1,400

Oon- Spee- Con­
sump. ut't'n tract. Total.
25
330
365
263
540
61

100
200

25
430
1,765
463
540
1,561

Sales of
Future».
106,000
100,100
223,700
200.900
158,800
123.900

►
Oft

1 1

►
%
05

1 1

1

P

1d: :

i.

►
£T3
C
1d: :

11

>
11
1 ®:

OF*
©

>
1 1
1 ®:

■®

* Includes sales in September, for September, 28,100; September
October, for October. 229,600; September-November, for November’
413,600; September-December, for December, L,l62,0Ji>; September
January,for January, 3,175,3 • ; September-Februarv, for February«
9ol.9tn ; September-Maroh, for Marob, 4,373.Loo; September-April,
for April, 620,2 0 i; September-May, for May, 4,554,50 j.

The following exchanges have been made during the week:
'05 pd. to exch. 300 June for Aug. •03 pd. to exob. 500 Feb for Aug. ■
•03 pd. to exob. 200 July for Aug. •0 J pd. to exob. 100 Oct. for Nov.
•04 pd. to exob. 300 July for A u g.
•oi pd. to excb. 100 June for Aug.
■06 pd. to exob. 100 Aug. for Oct. •05 p i. to excb. 2,000 July for Aug.
•07 pd. to excb. 300 Aug. for Oct
•01 pd. to excb. 100 Aug. for Sent.
•03 pd. to exob. 300 Aug. for Sept. •08 pd. to exob. 2,700 Aug. for Oct
T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up by cable

and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
Total.
2,900 1,584
390 4.784 913,400 and consequently all the European figures are brought down *
o Thursday evening. But to make the totals the complete
T he /Sales and Prices of F utures are shown bv the tiguresfor to-night (June 21). we add the item of exports from
'following comprehensive table,
the United States, including in it the. exports o f Friday only.




1,500

....

....

THE

J u n e 22, 1895.]

1895,
1894.
1893
1892
Stock at L iv erp o o l......b a les. 1,612,000 1,471,0001,469,000 1,609,000
Stock at London.......................
8,000
9,000
6,000
9,000
Total Great Britain stock. 1,620,000 1,480,000 1,475,000 1,618,000
4,500
16,000
Stock at H a m b u r g .........__
30,000
28,000
161,000 137.000
Stock atB rem en.. . . . . . . . . . . . . . 300,000 171,000
26,000
18,000
Stock at Am sterdam ..............
17,000
15,000
100
200
200
200
Stock at R otterd a m ...............
10,000
8,000
Stock at Antwerp............
15,000
15,000
391.000 431.000
Stock at Havre.......................... 436,000 406,000
7,000
10,000
Stock at Marseilles........ .
5,000
7,000
Stock atB a rcelon a .. . . . . . . . . . . 100,000
83,000 107.000 106.000
20,000
18,000
Stock at G e n o a .......................
53,000
16,000
22,000
34,000
Stock at Trieste ...................
23,000 ^ 29,000
979,200
770,200
752,100
774,700
Total Continental stocks.
Total European stocks. . . . 2,599,200 2,250,200 2,227,100 2,392,700
India cotton aflo at f or Europe. 174.000 144,000 147,000 220,000
98.000 110,000
88,000
Amer. oott’nafloat for Europe. 116.000
42.000
26,000
33,000
12,000
Egypt, Brazil,&o.,afltforE’r’pe
399,804
585,200
372,502
Stook in United States ports.. 452,394
92,347 150,762 193,908
71,898
Stock in U. 8. interior tow ns..
3,985
13,397
80
11,386
United States exports to-day.________________
Total visible s u p p ly ....... 3,437,378 2,986,034 3,078,163 3,527,888
Of the above, totals of American and other descriptions are as f oUowb:
merican_
Liverpool stook.. . . . . . ..bales. 1,484,000 1,241,000 1,211,000 1,387,000
Continental stocks................
893,000 616,000 624,000 593.000
98,000 110.000
88,000
American afloat for Europe... 116,000
United States stock................
452,894 372,502 399,904 585,200
150,762
92,347
193,908
United States interior stocxs..
71,898
13,397
3,985
80
United States exports to-aay.
11,386
Total American.................. 3,029,178 2,413,834 2,497,063 2,869,188
East India,n, Brazil, Ac. —
Liverpool s to c k ....................... 128,000 230.000 258.000 222,000
6,000
9,000
9,000
London sto ck ...........................
8,000
Continental stocks.................
86,200 154,200 128,100 181,700
India afloat for E u r o p e ........ 174,000 144.000 147.000 220,000
42,000
35,000
26,000
EgyP'«> Brazil, <fec., afloat........
12,000
Total East India, &o.......... 403,200 572,200 581,100 658,700
Total American............... 3,029,178 2,413,834 2,497,063 2,869,188
Total visible supply.......... 3,437,378 2,986,034 3,078,163 3,527,888
Middling Upland, Liverpool..
3H]ad.
4 i]ad.
47]ad.
4 i1ed.
Middling Upland, New York..
73]8c.
75j«c.
8c.
77i ac.
Egypt Good Brown, Liverpool
67iad.
5d.
5^.
S^sd.
Peruv. Rough Good, Liverpool
59]ad.
5H]ad.
6*2d.
6 *«d.
3i310d.
43i.d.
47,6d.
4d
Broach Fine, Liverpool..........
Tinnevelly Good, L iverpool..
3 ii]ad.
37sd.
4Md.
4d.

The imports into Continental ports the past week have
been 98,000 bales.
The above figures indicate an increase in the cotton in sight
to-night o f 451,344 bales as compared with the same date
of 1894, an increase o f 359,215 bales over the corresponding
date of 1893 and a decrease of 90,510 bales from 1892.
A t t h e I n t e r io r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893-94—is set out in detail below
3 ff g s rg

|g
SP p

g -g -a g ff|

for

M id d l in g C o t t o n

Week ending
June 21.

J»9
S o3
g :I OS
O
F 1•
L
i . fMW
H
S: :
: : :

q

Galveston...
New Orleans
Mobile..........
Savannah...
Charleston..
Wilmington.
Norfolk........
Boston. . . . . .
Baltimore...
Philadelphia
Augusta. . . .
Memphis .. .
8t. L ouis. ...
Houston . . .
Cincinnati..
Louisville. .

61316
6i5ia
678
6%
65s
67s
6%
7H
7*8
? 716
7
615]6
. 6 78 *
61316
7*8
718

Hues.

Mon.

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o 7» h 7-*m ■ talo 00CJil-*ODh*MO'taüiootaoo>6*!CO'»U010i^ i-‘
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6%
61 he
61116
611ns
65s
678
6*
73 e
73, „
77X8
7
678
6 '3 ia
6\
718
71«

Fri.
6%
6isia
^1«
611X6
65s
678
6%
73j6
73]«
7718
7
678
613ia
6%
718
718

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
6»a
6*8 Newberry____
Atlanta..........
61« Little R o ck ....
6 *8 R aleigh..........
Columbus, Ga.
67s Montgomery...
678 Selm a..... . . . . . 63x®7
Columbus, Miss
6 >4 Nashville........
6»8 Shreveport..... 6i5ia
Eufaula.........
6% Natchez.........
R e c e ip t s f r o m t h e P l a n t a t io n s .— The following table

indicates the actual movement each week from the plantations,The figures do not include overland receipts nor Southern,
consumption; they are simply a statement o f the weekly
movement from the plantations o f that part of the crop w h ich
finally reaches the market through the outports.
Week
Bnding—
May 17......
“
21.......
“ 81......
June 7 —
“ 14 ....
”
21

Receipts a t the P orts. St’k at Interior Towns. Rec’pts from P la n t’ns
1893.

1894.

1895.

1893.

1894.

32,625
25,359
25.588
25,296
20,876
23,096

21,604
21,602
12,208
18,697
18,813
12,069

30,565
29,065
29,020
19,829
15,527
15,514

229,525
213,479
201,857
187,899
166,902
150. <62

147,049
134,495
123,983
112,131
99,982
92,347

1895.

1894.

1893.

1895.

137,322 19,084 12,736 19,334
114,859 9.313 9,048 6,602
101,628 13,964 1,676 15,789
86,421 11,338 6,885 4,622
6,664 5,261
76,155
71,898 6,956 4,434 11,257

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, 1894, are 7,845,835 bales; in
1893-94 were 5,887,032 bales; in 1892-93 were 4,996,502 bales.
2.—That although the receipts at the outports the past week
were 15,514 bales, the actual movement from plantations was
only 11,257 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 4,434 bales and for 1893 they were.
6,956 bales.
fo r the

W

e e k a n d s in c e

05 00 CO If. O W M f f i O f f i t a S C O O O I - 'C O b a i - 't O t t O D '— O

* Louisville figures “ net” in both years,
t This year’s figures estimated.

15 w

Since
Sept. 1.

Shipped—
Via St. L o u is ..........................
Via C a iro ........... ........................
Via H an n ib a l............................

2,815
1,029

Via Louisville ................... .
Via Cincinnati............................
Via other routes, & o .................

125
967
1,009

Total gross overlan d.......... .
Deduct shipments—
Overland to N. Y., Boston, &o..
Between inteiior towns— . . . . .
Inland, &c., from S o u th .........

5,315
413
116

564,608
30,912
74,301

S e p t . 1.—

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

5,844

921,219
332,801
545
3,817
188,327
177,014
138,753

5,945 1,762,476

1893-94
Week,
2,585
887
23
2,413
849
916

Since
Sept. 1.
602,903230,160
13,756
7,369
126,411
104,191
126,632

7,673 1,211,422
933
17
7 LO

293,950
21,860
100,859

669,821

1,660

416,66»

101 1,092,655
Leaving total net overland*..
Inoluding movement by rail to Canada.

6,013

794,753

The foregoing shows that the week’s net overland movement
this year has been 101 bales, against 6,013 bales for the
week in 1894, and that for the season to date the aggregate n et
overland exhibits an excess over a vear ago of 297,902 bales.

CRM M C O O O M tO CO tO tO M |U CRCO CO tO tO -<l
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t ^ M ^ . ' C O t a l f ^ k a C O

Thurs.

6%
61Bta
613xa
6Hia
658
678
6%
73la
73i e
77ns
7
6 78
613]6
6Si
718
718

1894-95.

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Wednes.

613le
6<616
6 78
6Ui8
608
678
6%
....
78ie
77n
7
678
6i3t8
61316
718
718

613]6
6i516
67a
63i
60s
6 78
6%
73] 6
73le
7h6
7
678
678
613ie
7i8
7i8

Week.
< O M © C R < i;

Other Markets,—

CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

Satur.

June 21.
MCO

at

We give below a statement showing the overland movement,
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending June 21.
and since Sept. 1 in the last two years are as follows:

1® S - t e g

H g
S 1
os h
OB
OB
M
I:

Q u o t a t io n s

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day o f the week.

O v e r l a n d M o v e m en t

o * 3 s>® ® S ,« » ff Up g-» ® 3 o f f
g eg

1109

CHRONICLE.

In Sight and Spinners’
Takings.

1894-95.
Week.

Since
Sept. 1.

1893-94
Week.

Since
Sept. 1.

Receipts at ports to June 21........
Net overland to June 21___. . . . . .
Southern consumption to June 21

15,514 7,832,272 12,069 5,870,851
6,013 794,753
101 1,092,655
7,000 618,000
9,000 668,000

Total marketed.................... .
Interior stocks in excess. . . . . . . . .

24,615 9,592,927 25,082 7,283,604
16,181
14,563 *7,635
*4,257

Came into sight during week.
Total in signt June 2L........

20,358

North’n spinners tak’gs to J’ne 21

......

9,607,490
1,979,908

17,447

7,299,785

10,274 1,490,94

The above totals show that the interior stocks have decreased * Decrease during week.
It will be seen by the above that there has come into sight
during the week 4,237 bales and are now 20,449 bales les3
than at same period last year. The receipts at all the towns during the week 20,353 bales, against 17,447 bales fm the
have been 7,382 bales less chan same week last year and since same week of 1894, and that the increase in amount in sight
Sept. 1 are 1,814,948 bales wiQrg £jhan for same time in 1893-94. to-night as compared with last year is 2,307,705 bales.




m

o

TH E

CHRONICLE.

[ Y o l . LX.

W e a t h e r R e p o r ts b y T e l e g r a p h .— Our telegraphic ad­ grass to become troublesome. It has rained on three days of
vices from the South this evening indicate that rain has fallen the week, the rainfall being six hundredths of an inch. The
in about all sections during the week and has been of benefit thermometer has averaged 76, the highest being 84 and the
lowest 69.
to cotton in sections where it was needed. In Texas, however,
Selma, Alabama.—W e have had rain on five days of the
and in portions of Arkansas, Alabama and Mississippi the week, the precipitation reaching five inches and seventy-three
precipitation has been excessive, interfering with cultivation. hundredths. W ork has been retarded and crops are grassy.
A t a few points along the Atlantic moisture is said to be The thermometer has averaged 77, ranging from 68 to 87.
Madison, Florida. —Tbe week’s precipitation has been two
needed. Temperature has been satisfactory in general. Cot­ inches and fifty hundredths, on 2 days. The thermometer
ton is blooming and squares are forming in Southern and has ranged from 64 to 96, averaging 82.
Columbus, Georgia.—It has rained on one day of the week,
Central Texas.
the precipitation being seventy-eight hundredths of an inch.
Galveston, Texas.—W e have had rain on three days during Average thermometer 79, highest 88, lowest 69.
the week, the rainfall reaching sixty-five hundredths of an
Savannah, Georgia.—It has rained on three days of the
inch. The thermometer has ranged from 73 to 86, averaging 80. week, the precipitation reaching three inches and twenty
hundredths.
The thermometer has averaged 77, the highest
Palestine, Texas.—There has been rain on six days of the
week, the precipitation reaching three inches and six hun­ qeing 93 and the lowest 63.
Augusta, Georgia.—There has been rain on three days, the
dredths. Average thermometer£77, highest 90 and lowest 64.
H untsville, Texas.—Rain has fallen on four days of the precipitation reaching forty-seven hundredths of an inch.
week, the rainfall reaching one inch and seventy-four hun­ The thermometer has averaged 76 and ranged from 58 to 95.
Albany, Georgia.—There has been rain on two days of the
dredths. The thermometer has averaged 77, the highest be­
past week, the precipitation reaching three inches and thirty
ing 92 and the lowest 62.
Dallas, Texas.—Cotton is blooming and squares are form ­ hundredths. The thermometer has ranged from 68 to 91,
ing over the southern and central portions of the State. The averaging 78. ,
Charleston, South Carolina.—W e have had rain on four
plant needs dry weather. There has been too much rain and
crops are badly in the grass. Insects are reported in a few days of the week, the precipitation being two hundredths of
localities. It has rained on four days of the week, the precip­ an inch. Average thermometer 78, highest 93 and lowest 66.
Stateburg, South Carolina.—There has been rain on two
itation reaching three inches and nineteen hundredths. The
days of the week, to the extent of ninety-eight hundredths of
thermometer has averaged 78, ranging from 64 to 92.
San A ntonio, Texas.—W e have had rain on four days of the an inch. Nights are to some extent too cool for cotton. The
week, the rainfall reaching one inch and twenty-two hun­ thermometer has averaged 74-6, the highest being 89 and the
dredths. The thermometer has ranged from 68 to 96, aver­ lowest 57.
Greenwood, South Carolina.—Cotton is still doing fairly well
aging 82.
Haling, Texas.—There has been rain on four days of the but moisture is needed. We have had but one shower the
week, the precipitation reaching two inches and twenty past week, to the extent of six hundredths of an inch. The
hundredths. Average thermometer 83, highest 96 and thermometer has averaged 75, ranging from 63 to 87.
W ilson, North Carolina.—There has been rain on one day
lowest 70.
Columbia, Texas.—It has rained on three days during the of the week, the rainfall reaching seventy-two hundredths of
week, the rainfall reaching three inches and ten hundredths. an inch. The thermometer has ranged from 58 to 92, averag­
The thermometer has averaged 81, the highest being 93 and ing 78.
Che following statement we have also received by telegraph
the lowest 70.
Cuero, Texas.—W e have had rain on two days of the week, showing the height o f the rivers at the points named at
the precipitation reaching four inches and forty-one hun­ 8 o’clock June 20 1895 and June 21. 1894.
dredths. The thermometer has averaged 82, ranging from 68
June 20, ’95. June 21, ’94.
to 96.
Feet.
Brenham, Texas.—There has been rain on four days of New Orleans . . .........A b o v e zero of gauge.
8-1
the week, the precipitation reaching one inch and seventy- Memphis..........
Above zero of gauge.
131
five hundredths. The thermometer has ranged from 66 to 92, N a s h v ille ...........___ Above zero of gauge.
2-3
Shreveport.. . . . . . . . . . ..Above zero of gauge.
7-2
averaging 79.
Vicksburg..................... Above zero of gauge.
20-2
Belton, Texas.—It has rained on five days o f the week, the
rainfall reaching two inches and fifty-one hundredths. A v­
I n d ia C o t t o n M o v e m en t F r o m a l l P o r t s . —The receipts
erage thermometer 80, highest 98 and lowest 62.
F ort W orth, lex a s.—We have had rain on four days of the and shipments of cotton at Bombay have been as follows for
week, the rainfall reaching three inches and forty-five hun­ the week and year, bringing the figures down to June 20.
B O M B A Y R E C E IP T S AN D SH IP M E N T S F O R P O U R Y E \ .R 8 .
dredths. The thermometer has averaged 78, the highest
being 92 and the lowest 64.
Shipment» this week. Shipments since Sept. i.
Recap.
W eatherford, T exas—It has rained on three days of the
Great Conti­
Great Conti­
This
Since
week, the rainfall reaching four inches and twenty-nine hun­ Year BriVn.
Total
nent. Total. Britain nent.
Week. Sept. 1.
dredths. The thermometer has averaged 78, ranging from
64 to 92.
’ 94-5 2,000 14,000 16,000 26,000 428.000 454.000 34.000 1.424.000
93-4
44.000 714.000 758.000 35.000 1.671.000
New Orleans, Louisiana.—W e have had rain on six days of ’’92-3
1,000 11,000 12,000 39.000 747.000 786.000 37.000 1.645.000
the week, the rainfall reaching three inches and fifty-three ’ 91-2 1,000 30,000
31,000 68.000 791.000 859.000 38.000 1.644.000
hundredths. Average thermometer 80.
According to the foregoing Bombay appears to show
Shreveport, Louisiana.—It has rained on six days of the
week, the rainfall being three inches and four hundredths. a decrease compared with last year in the week’s receipts of
1,000 bales and an increase in shipments of 16,000 bales, and
The thermometer has ranged from 68 to 94, averaging 79.
Columbus, M ississippi.—Rain has fallen on six days, to the the shipments since Sept. 1 show a decrease of 304,000 bales.
extent of one inch and fifty-one hundredths. The thermom­ The movement at Calcutta, Madras, and other India ports for
eter has averaged 78, the highest being 96 and the lowest 67. the last reported week and since the 1st of September, for two
Leland, Mississippi.—Rainfall for the week three inches veáis, has been as follows. “ Other ports” cover Ceylon,
and sixteen hundredths. The thermometer has averaged 75 Tutieorin, Kurrachee and Coconada.
ranging from 68 to 85.
’
Shipment» for the week.
Shipment» tinee Sept
M eridian, M ississippi.—Excessive rains daily the past week
Great
Conti­
Great
have prevented farming operations. The thermometer has
Total.
Tolai
Britain. nent.
Britain. Continent
ranged from 65 to 88, averaging 80.
Helena, Arkansas.—There has been most too much rain Calcutta—
1894-95...
1,000
1,000
but some places in the vicinity have had more than Helena!
2,000
7,000
23.000
30.000
1893- 94...
7,000
7,000
20,000
68.000
88.000
Everything, however, is growing finely. It has rained on six Madras—
days, the precipitation reaching three inches and ninety189495...
6,000
10,000
16,000
1893- 94... ......
two hundredths.
Average thermometer 75, highest 82.
23,000
17,000
40.000
lowest 68.
**
’ All others—
1894-95...
1,000
1,000
18,000
74.000
92.000
L ittle R ock, Arkansas.—It has rained on each day during
189394...
1,000
2,000
3,000
29,000
61.000
90.000
the week, the rainfall being seven inches and eighty hun­
dredths The thermometer has averaged 76, the highest Total all—
189495...
1,000
2,000
3,000
31.000
being 87 and the lowest 68.
107.000
138.000
1893-94...
1.000
9,000 10,000
72.000
146.000
213.000
. Memphis, Tennessee.—Cotton and corn are in excellent condi­
tion. W e have had rain on each day of the week, as needed,
The above totals for the week show that the movement from
the precipitation reaching one inch and ninety-eight hun­ the ports other than Bombay is 7,000 bales less than the same
dredths. The rain was needed. Indications now are for week last yesar. For the whole of India, therefore, the total
clearing weather. The thermometer has averaged 75 2. rang­ shipments since September 1, 1894, and for the corresponding
ing from 67‘2 to 91 *4.
S periods of the two previous years, are as follows:
Nashville, Tennessee.—The week’s rainfall has been sev­
E X P O R T S T O E U R O P E F R O M A L L IN D IA
enty-seven hundredths of an inch. The thermometer has
ranged from 63 to 93, averaging 77.
1894-95
1893-94.
1892-93
Shipments
Mobile, Alabama.—Crop reports indicate too much rain. to all Europe
This
Since
This
Since
This
Since
from
—
Rain has fallen here on six days of the week, to the extent of
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
three inches and twenty-nine hundredths. Average ther­
Bombay.........
16,000 454.000
mometer 77, highest 86 and lowest 67.
758.000 12,000 .786,000
All other ports
3,000 138.000 10,000 218.000 11,000 143,000
Montgomery, Alabama.—Crop prospects continue favorable,
except in a few localities, where an excess of rain has caused
Total . ..
19,000 592,000 10,000 976,000 23,000 929,000




1111

THE CHRONICLE.

J une 22, 1895.

that the greater part of the production is by foreign machinA l e x a n d r i a R e c e ip t s a n d s h ip m e n t s . —Through arrange
ments we have made with Messrs. Davies, Benachi« Go-. of ery.
W e have been unable to obtain returns of the yield of raw
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The followmg cotton in Japan for 1894, but the production of 1892 was
are the receipts and shipments for the past week and for the 12,584,818 kwan, or 104,873,483 pounds, against 109,839,384
corresponding week of the previous tw o years.
pounds in 1891 and 190,837,775 pounds in 1887. The imports
Alexandria, Egypt,
of foreign cotton have largely increased, reaching in 1894
1892-93.
1893-94.
1894-95.
June 19
144,554,145 pounds of ginned cotton and 15,354,101 pounds in
Receipts (cantars*)....
the’
seed, against 125,114,291 pounds and 29,328,077 pounds
1,000
6,000
This w e ek ....
5,131,000
4,968,000
4,536,000 1
Since Sept. 1.
respectively in 1893.
Sinet
This
Sinet
This
Since
This
J ute B utts, B agging , &c.—D uring the past week the
week. Sept. 1. week. Sept. 1. week. Sept. 1. market for jute bagging has ruled very quiet at unchanged
quotations, viz., 4^£c. for 1% lbs,, 4J^c. for 2 lbs. and 4/£c. for
Exports (hales)—
5.000 295,000 standard grades in a jobbing way. Car-load lots of standard
To Liverpool. . . . . . . . 1,000 267.000 2,000 299.000 3.000
311
000
279.000
3,000
330.000
4,000
To Continent..........
brands are quoted at 4 ^ c . for 1 % lbs.. 4%c. for 2 lbs. and 5c.
lbs. f. o. b. at New York. Jute butts have also been
Total E u ro p e ...... 5,000 597,000 5,000 578,000 8,0001606,000 for 2
decidedly quiet at l ^ o . for paper quality, l ^ c . for mixing
* A oantar is 98 pounds.
This statement shows that the receipts for the week ending and l ^ c . for bagging quality.
Shipping New s .—The exports o f cotton from the United
June 19 were ----- cantars and the shipments to all Europe
States the past week, as per latest m a il returns, have reached
5,000 bales.
49,197 bales. So far as the Southern ports are concerned, these
M a n c h e s t e r M a r k e t . —Our report received by cable to­ are the same exports reported by telegraph and published m
night from Manchester states that the market continues quiet the Chronicle last Friday. W ith regard to New York we
for both yarns and shirtings. Stocks of yarn are accumulat- include the manifests of all vessels cleared up to Thursday.
Jlotat
«
ing. W g give the prices for to d a y below and leave those for
New Y ork —To Liverpool, per steamer Nomadic, 2,846.............
previous weeks of this and last year for comparison"
To Hull, per steamer Martello, 1,319......................................... ■*.,di»
To London, per steamer Mobile, 500............. ..........................
guo
To Leith, per steamer Benlarig, 1,200....................................... l *‘ XX
Cou
TO Havre, per steamer La Touraine, 1 0 0 ................................
Oott’n
8*4 lb*
MU
8** lbs.
To Bremen, per steamer Braunschweig. 4 1 8 ..................
» ia
32« Cop
Mid. 32* Cop
Shirting«
U vl'
8hirtings.
»»
To Hamburg, per steamer Phoenicia, 86.......
Twist.
TTpldt Twist.
To Antwerp, per steamer Waesland, 689 _.......................
“ nX
U
To Malaga, per steamer Pooahontas, 1 . 0 0 0 . . . . . . . . . . . . . . . . . . . i.uuu
g d, 8. ci
d.
a
3
<1
d
«> 8. d
*
To Genoa, per steamers Italia, 1,600, Pooahontas, 1 ,3 43 .....
.Hoi
323*2
My 17 511l6®6»8 4 2*9*« 3
4
ooo
To Trieste, Per steamer Pocahontas, 200 ................. ............
3273. 6
d 6 78 4 1 0 « 6 9
5% ®67i. 4 3 b 6 3
Ta Venice, per steamer Pooahontas, 5 0 0 ...... ............. ouu
61l0®
678
4
10
«
6
9
4*18
3’ 8
« 31 5*<hg®6*9 4 3*9 a>6 4
New Orleans—To Liverpool, per steamers Costa Rican, 4.950
4*16
370 6*8 ®6**qg 4 10*9 0 6 9
J’ne 7 5 U jj# 6 '4 4 3*a®6 4
Jamaican, 8,100 . . . Navigator, 2,500......................15.&50
41m
4 3 0 6 3>s 313,0 6*6 ®615ie 4 1 0 * 9 * 6 9
To Havre, per steamer Algoma, 3,144. . . . — - -- -- - .............
311,« 6*8 ® 61518 4 1 0 * 9 * 6 8*9 4*is
5% 1*638 4 2*906 5
Galveston—To Hamburg, per steamer Lyndhurst, 6 9 4 ............
Charleston—To Bremen, per steamer Maude, 1,998 .................
S e a I s l a n d C o t t o n M o v e m e n t .— We have received thi8
To Barcelona, per steamer Elfrida, 5,035....hark Conoepcion, 1,650....................................
b.b»5
(Friday) evening by telegraph from the various ports the
N
orfolk —To Liverpool, per steamer Monkseaton, 6 9 1 .. . . . . . . . .
details of the Sea Island cotton movement for the week. The Newport News—To Liverpool, per steamer Rappahannock, 2yy. ¿¿3y
receipts for the week ending to-night (June 21) and since Boston—To Liverpool, per steamers Cambroman, 881 upland,
and 106 Sealsland....G allia,9 6 ....Georgian, 683....M ichSept. 1, 1894, the stocks to-night, and the same items for the
igan, 3,065 ...Sylvania, 2,068 .
............ ............................ 6,899
corresponding periods of 1893-94, are as follows
Baltimore —To Bremen, per steamer Weimar, 1 ,2 8 6 ....----- . . . 1,200
To Hamburg, per steamer Russia, 150....................................
iau
Stock.
1893-94.
1894-95.
T ota l.............................................................................................. 49,197
Receipts to June 21.
Since
This
Since
This
The particulars of these shipments, arranged in our usl a
week. Sept. 1. week. Sept. 1. 1895. 1894.
1894.

1895.

Savannah.........................
Charleston........................
Florida, & o .....................

8 64,245
5,322
19
5,139

5 54,167
2,210
3,561

414 1,230
67
366
1,141

Total.................. "........

27 74,706

5 59,938

481

2,737

form, are as follows:
New York.
N. Orleans.

The exports for the week ending this evening reach a total Galveston..
0f — bales, of which — bales were to Great Britain, — Charleston.
N o rfo lk ...
to France and — to Reval, and the amount forwarded to N’ p’t News
Northern mills has been 127 bales. Below are the export» Boston. ...
Baltimore..
for the week and since September 1 in 1894-95 and 1893-94.
Exports
from —

Week Ending June 21 Since Sept. 1, 1894. North’n Mills
Since
Great Fr’nce
Great Fr’nce
Week. Sept. 1
BriVn. cBe. Total. BriVn. <te. Total.

Barce- Genoa,
Bull,
Bremen
Liver- London
«i Barn- Ant- Iona <&Trieste <t
werp.
Malaga.Veniee.
Total.
pool. <6Leith. Bavre. burg.
689 1,000 3,643 11,801
2,846 3,01*»
100
504
......................
18,694
.
.
.
15,550 ........ 3,144 ........
..............................
694
094
7,683
1,998 ........ 6,695 ........
..................
691
691
...............
299
299
' ...............................
6,899
6,899
..................................
1,436
. . . 1,436

T o t a l.... 26,285 3,019 3,244 4,632 ~6Í9 7,685 3,643 49,197
B e lo w we add the clearances this week of vessels carrying

cotton from United States ports, bringing our data down to
the latest dat^s:
‘
„
__

G alveston—To Liverpool—June 18—Steamer Ida, 3.J12.
To Bremen—June 20—Steamer Alma, 300.
„ ...
New Orleans—To Liverpoal-June 21—Steamer Legislator, 2,400.
To Hamburg-June 20—Steamer Dalmatia, 324.
Florida, &o.
...... ......
To Barcelona June 17-Steamers Miguel M. Pinlllos, 900; Puerto
New York..
...... ......
B oston........
Rloo, 397.
_
Baltim ore..
To Genoa—June l7 -8tea m er Puerto Rico, 801.
........
........
Port R oyal -T o Liverpool—June 17 -Steamer Werneth Hall, 3,570.
40,642
127 34,869 Newport News —Co Liverpool—June 20-Steam er Shenandoah, 100.
T otal........ ......
......
Boston—To Liverpool June 1 3 -Steamer Norseman, 1,615 ...June
106 22,276
100 32,350 4,427 36,777
1 4 —Steamer Payonia, 134__ ju n e 18—Steamers Columbian, 753,
100
T otal1893-4
Ottoman, 1,406."
_
...
A considerable portion of the Sea Island cotton shipped to Baltimore
—To Liverpool—June 12 Steamer Queensmore, 3t>0.....
foreign ports goes via New York, and some small ^amounts via
June 19 - Steamer Templemore. 2,261.
To Bremen—June 1
8t earner Willehad. 1,106.
E
Boston and Baltimore, Instead of including this cotton fo r
To A ntw erp-June 14—Steamer Norse King, 198.
thi» week in which it leaves the Southern outports, we follow Philadelphia
- T o Liverpool-June 8 -Steamer Indiana, 18 4 .. ..June
the same plan as in our regular table of including it whet
14—St amer Kensington, 2.179.
actually exported from New York, &c. The details of the San F rancisco - T o Liverpool—June 4—Ship Ulrica, 200.
To
Japan-June 4—Steamer China, 6 .
shipments of Sea Island cotton for the week will be founc
Savannah...

18,085 2,441
2,913
53
765
4,375 3,156
....... 8,463
391
........
........ 34,992 5,650

20,526
2,966
765
7,531
8,463
391

73 29,230
54 1,467
4,172

under the head “ Shipping News,” on a subsequent page.
Quotations June 21 at Savannah, for Floridas, common.
8c.; medium fine, t l ^ c .; choice. 15j^c., all nominal.
Charleston, Carolinas, nominal.

Wednes. Thurs.

Satur.

Mon.

Tues.

Liverpool, steam.«
116
...
C o t t o n M a n u f a c t u r in g in J a p a n .— Through the kindness Manchester........ d
21t*
Havre, asked ... e
of the Secretary of the Tokio Statistical Society, we have
....
Do later...... c
obtained this week a statement showing the course of cotton­ Bremen, June... d
*8
Do
la te r ... d
manufacturing in Japan during the year ended December 31,
251
1894. W e had previously obtained figures for 1890 to 1893, Hamburg, steand
....
Do
steam i
inclusive, and they are given below for comparison :
20'
Ams’dam, -tteam.c
Ootton
Yarn
No.
Number
Consumed Produced —No. operatives.--.
Reval, v. Hamb.d.
“ 04
Year— Mills. Spindles. Pounds.
Pounds.
Male.
Do v. Hull...d
539
1894 . 45
476,123 143.160,617 121,833,400 8,129
...
1893 *’
40
381.781
96,094,225 88,889,533 6,164
19,284. Barcelona, J uly .d
1 8 9 2 * "! 35
344,563 100,277,292 84,405,753 5,794
17,010 Genoa ..............d
904
iq o i' " ’
30
. ...
74,960,775 64,082,816 . . . . . .
. . . . . . . Trieste, June 14.4
“ ô4
1 8 9 0 !" ! 30
............
49,687,367
42,771,566 ........................... Antwerp, steam, d.
B64
The results, as disclosed above, show a rapid advance in the GWient, v. Antw’p.d 7 *4
t Cents net per 100
manufacture of cotton in Japan, and it is of interest to know

116

116

116

116

2U*

21t*

21I*

....

....

....

*e

*8

*8

211*
—*
*8

...

...

...

...

25t

25 1

25t

25t




....

...

...

...

Fri.
*16
....
211*
—w.
*8

••••
25t

....

....

....

....

....

20i
“ 84
B32

20 1
“ 64
333

9d4
“ 64
584

96l
“ 64

201
“ 64
532
316
964
“ «4

Bd4

B64

201
“ 64
512
316
964
U84
B64

7 A4

7 64

7 64

201
“ 64
5S2
3ia
984
“ 64
B64
764

—

....

1112

THE

CHRONICLE.

[ Y o l . LX.

L i v e r p o o l .— B y cable from Liverpool we have the follow u g 1 caused part of the loss to be recovered. The spot market was
wtatement of the week’s sales, stocks, & c., at that port
quiet. The sales included No. 2 red winter at l% c. over July
f. o. b. afloat and No. 1 hard at 5Jgc. over July f. o. b. afloatDAILY CLOSING PRICES OB' NO. Z BED WINTER WHEAT.
May 31. June 5. June 14. June 21 I
Sat.
if on. Tues.
Wed. Thurs.. F r i .
Bales of the week...........bales.
54.000 July d e liv e ry ........
56.000
17.000
42.000
773»
78%
75%
75%
79%
74%
Of which exporters to o k ...
3.000 August delivery....... ... 0. 79%
900
1,000
2,100
783»
77%
76%
76%
751»
Of whioh speculators to o k ..
1,100
400
79
76%
September delivery. ... 0. 80%
76%
78%
75%
Bales American.................
51.000
54.000
16.000
41.000
....
773»
80%
....
77%
October delivery.......
76%
Actual export.................. ...
7,000
4,00<
7.000 December delivery.. ... 0. 81%
8,000
79%
80%
78%
78%
77%
Forwarded.______ _________
66.000
31.000
59.000
52.000
Indian corn futures have been speculated in to a moderate
Total stock—Estimated.. . . . . . . 1.642.000 1,642,001 1.627.000 1,612,000
__
extent
and
prices
have
further
declined
under
continued
Of which American—Estim’d 1.530.000 1,522,000 1.509.000 1,484,000
Total Import o f the week____
44.000
41.000
35.000
57.000
44,000 I favorable crop advices from the West and in sympathy with
Of which American ___. . .
36.000
23.000
28.000
49.000
A4W' the weakness of wheat. On the spot the sales for export have
Amount afloat.........................
71.000
104,001 106,000
72,00)0
78.001
48,100
Of which American.............
75,00'
52.000 been moderately large, but at lower prices. The sales yester-

oay included No. 2 mixed at 53J^@54c. in elevator and lj^c.
The tone of the Liverpool market for spots and futures ea h over July f. o. b. afloat. To-day the market was easier in
day of the week ending June 21 and the daily closing pric* s sympathy with the early weakness of wheat. The spot mar­
of spot cotton, have been as follows*
ket was quiet but steady. The sales included No. 2 mixed at
\%c. over May f. o. b. afloat and yellow at 53%c. in elevator.
Spot.

Saturday Monday. Tuesday. Wed'day. Thursd’y. Friday.

Market, \ Small In b u y e n ’
favor.
1:45 F. M .j inquiry.
325sa

Mid.Upl’ds.

Dull.

3%

S2582
8,000
50 0

Easier.

Firmer.

Moderat e
demand.

31%6
10,000
1 500

32SS2

31 h e

DAILY CLOSING PRICES OF NO. Z MIXED CORN.

Sat.
54%
...e.0. 54%
August delivery...........
.. 0. 553»
September delivery___

Mon.
54%
54%
55%

Tues.
54%

....

56%

Wed.
54
54%
55%

Thurs.
54
54%
55%

PVt.
53%
543»
54%

Oats for future delivery have been moderately active and
Sales..........
7,000
7,000
8,000
10,000
prices have steadily declined under free offerings, prompted
S p ec. & e x p .
500
300
500
500
by favorable crop prospects and the weakness of wheat and
corn. In the spot market business has been fairly active at
Futures.
Steady ai Easy at
Quiet at
Firm at
Easy at
declining prices. The sales yesterday included No. 2 mixed at
M a rk et, (
1.64 ad.
2-64 de­ 2-64 @ 3-64 2-64 ® 3 64 3-64 d e­
Easy.
1 :4 5 f . M. j
3l^@31J^c. in elevator and No. 2 white at 34^c. in elevator.
vanee.
cline.
decline. advance.
cline.
The market to-day was quiet but steady. Tne spot market
M a rk et, \ Barely
was fairly active at a further decline in prices. The sales in­
Quiet.
St ear y.
Firm.
tim e '.
Firm.
4 F. M. { stead *
cluded No. 2 mixed at 81@31J^c. in elevator and No. 2 white
The opening, highest, lowest and closing prices o f futures at 34J^c. in elevator.
DAILY CLOSING PRICES OF NO. Z MIXED OATS.
at Liverpool for each day are given below. Prices are cn
Sat.
Mon. Tues.
Wed. Thurs.
Fri.
the basis o f Uplands, Low Middling clause, unless otherw se
31%
31%
June delivery........ .
31%
31
31
31
stated:
32
313»
July delivery........... ...0 . 31%
31%
31%
E p “ The prices are given in pence and 64<As.
2 63-64<Z., and 4 01 means 4 1-64<Z.
S at., J a n e 15

M on., Jun e 17.

Open High Low. Clos. Open High Low
J an e..........
Jnne-July..
J uly-A ug...
A ug.-S ep t..
Sept.-Oct....
Oct.-Nov....
N ov.-D ee...
D ec.-Jan„
Jan.-Feb....
Feb.-Mch.
Mch.-April.
April-M ay .

a.
3 46
3 46
3 46
3 47
3 47
848
3 48
3 49
3 60
8 61
3 62

a.
3 45
8 45
3 46
3 47
3 47
3 48
3 48
3 4s
3 50
3 51
3 52

d.
3 45
345
3 46
3 47
3 47
348
3 48
3 49
3 60
351
3 £2

d.
3 45
3 45
3 46
3 47
3 47
3 48
348
3 49
3 50
3 51
3 52

W e d ., J u n e 1 9 .

d.
345
3 45
3 46
3 47
3 47
3 48
3 48
8 49
3 50
3 52
3 53

d.
3 45
3 45
3 47
348
3 48
8 48
3 49
3 50
3 51
3 53
3 64

d.
3 45
3 45
3 46
3 47
8 47
3 48
3 48
3 49
3 50
3 52
3 53

Thus : 3 63 means

T h u r s ., J u n e 2 0

T u e s ., J u n e I S

d.
3 42
3 42
343
3 44
3 45
3 45
3 46
3 47
3 48
3 60
3 51

d.
3 42
342
3 43
344
3 45
3 45
3 46
3 47
3 48
3 50
3 51

d.
3 42
3 42
3 43
3 44
3 45
3 45
3 46
3 47
3 48
3 49
3 50

d.
3 42
342
3 43
3 44
3 15
3 46
8 46
3 47
8 43
3 4»
3 50

F r i., J u n e 2 1

Oaen High Low. Clos. Open High Low. Clos. Open High Low. Clos.
Ju n e..........
June-July.
July-Aug..
A ng.-Sept..
Sept.-Oct..
Oot.-Nov..
N ov.-Deo...
D ec.-Jan....
Jan.-Feb....
Feb.-Mch.
Mch.-April.
April-M ay..

d.
3 39
8 39
3 40
3 41
3 41
3 42
3 43
3 44
3 45
8 46
3 48

d.
3 42
3 42
3 43
344
8 44
8 45
8 46
3 47
3 48
3 49
8 60

d.
3 39
3 39
3 40
3 41
341
3 42
3 43
3 44
3 45
8 46
3 48

d.
d.
3 4< 3 43
3 42 3 43
3 43 3 44
3 44 3 45
3 44 3 46
3 45 3 46
3 46 3 47
3 47 3 4S
3 48 3 49
3 49 - 3 51
3 50 3 52

d.
8 43
3 43
3 44
3 45
3 46
3 46
3 48
3 49
3 49
3 61
3 53

d.
3 42
8 42
3 44
3 45
3 45
3 46
3 47
348
3 49
3 50
3 52

d.
343
8 43
3 44
3 45
3 45
3 46
3 47
3 48
3 49
3 50
3 52

31%

32%

32

31%

31%

31%
31%

The following are closing quotations:

Clos. Open High Low Clos
d.
3 45
3 45
3 47
3 48
8 48
348
3 49
3 50
3 51
3 53
3 54
.. ..

September delivery. ...0.

d.
3 40
3 40
3 41
3 42
3 42
3 43
3 44
3 45
3 46
3 48
3 49

BRE A DS T UF F S .

d.
3 41
3 41
3 42
3 44
3 45
3 45
3 46
3 47
3 48
3 49
3 51

d.
3 40
3 40
3 41
3 42
3 42
3 43
3 44
3 45
3 46
3 48
3 49

d.
3 41
341
3 42
344
3 45
3 45
8 48
3 47
3 48
3 49
3 61

FLOUR.

Fine................. V bbl. $2 50® 2 80 Patent, winter.......... $4 10®$4 40
S u p e r fin e ............. 2 70® 3 10 City mills extras...... 4 15® 4 20
Extra, No. 2 .............. 3 00® 3 30 Rye flour, superfine.. 4 00® 4 50
Extra.No. 1 . . . ........ 3 25® 3 50 Buckwheat flou r.............. ® . . . .
Clears........... . . . . . . 3 25® 3 30 Com meal—
Straights................... 3 50® 4 10
Western, &o........... 2 80® 2 85Patent, spring.......... 4 25® 4 50
Brandywine............
2 95
1Wheat flour in sacks sells at prices below those for barrels.]
Wheat—
Spring, per bush..
Red winter No. 2..
Red winter........ .
White........ ............
Oats—Mixed, per bu.
White.....................
No. 2 mixed..........
No. 2 white.......... .

0.
72 ®
74.%®
70 ®
75 ®
31 ®
34 ®
31 ®
34%®

GRAIN.

0.
Corn, per bush—
81
West’ n m ix e d ......
76%
No. 2 mixed..........
77
Western yellow ...
79
Western White___
32% Rye—
4L
Western, per bush.
31%
State and Jersey..
35% Barley—No.2 West’n
State 2-rowed.......
Mate 6-rowed____

e.
0.
54 ® 57
53 ® 55%
53%® 55%
54 ® 55%
___®
.... ®
.... ®
___®
.... ®

The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exchange. We tirsi give the receipts at
Western lake and river ports, arranged so as to present th e
comparative movement for the week ending June 15, 18l 5,
and since August 1, for each of the last three vears:
Receipts a t -

Hour.

Wheat.

Corn.

Oats.

Barley.

Bye.

B bls.im bt Bush.60 lbs Bus)1.66 ibt Bush.32 lh> Bush. 48 !6f Bu.16 lbs.
Chicago
35.109
82,208
770,569 1,435,616
46,033
19,894
Milwaukee,.
33.900
111,215
44,850
230,000
40,800
14,050
110,822
285,168
Dninth.
70,806
497,140
Minneapolis.
8,960
2,135
361,200
T oledo...
32,70»
i,500
3.600
100
3,838
Detroit..
7,427
8 5 :5
12,931
2,112
Cleveland..
373
35,363
9,754
32,801
5,445
3t. Louis.
16,705
68,740
50,380
79,470
261
10,060
Peoria..........
19,800
207,350
283,800
4,200
1,800
Kansas City
6,382

F r i d a y , June 21, 1895.
Pot.wk, 95.
212,932
1,477,643 1,133,133 2,126,924
102,190
30,105.
It has been an exceedingly slow week in the market for tame wk,’94
346,362 1,634.810 1,740,396 1.719,477
61.7C0
43,984
wheat flour, as a further decline in the grain has kept buyers I fam e wk,’93
325,680 2,101,974 3,164,057 2,332,026
95,414
37,180
out of the market and prices have been lowered 5 to 20c. per fines Aug. I
1894-95, ..
10.944.876 138,437,590 74,627,832 88,0T4,614 31,044,612 2,629,174
barrel. City mills have had only a very limited call and : 1893-94.
12,319.089 142,962,309 140,815,694 110,703,855 28,275,338 3,296,687
1892-93..... 1 11,839,084'226,461,847|112,814,9791105,076,971 29,169,415 7,C27,134
values have weakened slightly. Rye flour has been steadily
held, owing to scarcity. For corn meal the demand has been
The receipts of flour and grain at the seaboard ports for tt e
slow ai d prices have been lowered 5c. per barrel. To-day the week ended June 15, 1895, follow :
market for wheat flour was dull and easy.
Flour,
Wheat,
Com,
Oats,
Barley
Rye,
at—
bbls.
bush.
bush.
hush.
The speculative dealings in the market for wheat futures feReceipts
w York.............. ..
92,587
70,775
505,050
383,200
10,725have been moderately large, as “ longb” have liquidated Boston...................
3.235
182,937
193,290
500
Montreal...............
221,760
46,30)
51.000
freely, prompted by decidedly favorable crop accounts from Philadelphia........
.. 43.864
10,296
141,702
132.429
3.202 .
the Northwest and Gull and depressed foreign advices. From Baltimore......... . . .. 63,9/4
31,427
Richm ond............ ...
3.950
22 132
4-',554
16,10 >
the winter-wheat districts reports of heavy rains in harvest­ New
Orleans .. ..
11,258
5,142
19,3 8
ing districts have been received, but they have been lost sight
Total week.. . .. 293,485
340,460 1,093,854
500
832,054
11,620
of in the face of the favorable prospects for the spring-wheat Week
1894............... 433,803
623,958
953,329 1,108,350
3,100
1,565
crop, as has also the extreme smallness of the crop movement
The total receipts at ports named in last table from Jan, 1
as compared with last year. In the spot market shippers to June 15 compare as follows for four years :
have been decidedly better buyers at lower prices. The sales
Receipts o f1895.
1894.
1893.
1892.
yesterday included choice Toledo red winter at lj^c. over
7,282.250
3,264 417
8,163,904
8,436,136
July f. o. b. afloat, No. 1 hard at 5% c. over July f. o. b. afloat
.bt^sh. 14,607,759
12,661,986
S8.807,872
46,205,763
and No. 1 Manitoba at 6c. over July f. o. b. afloat. To-day C orn.
10,1-29,381
30,002,854
82,468, ) 88
59,128,667
16,524 561
16,003,73 >
19.650.708
23,138,738
the market was weak and lower during early ’change, but
1,503,334
1,772,029
2,580,162
2,813,122
subsequently bujing by “ shorts” to cover contracts, stimu­ Rfe..
179,956
111,972
663,163
2,473,049
lated by less favorable crop accounts from the Northwest,
49,745,493
60,552,576
74,178,093
133,759,33»




TH E

J u n e 22, 1895.]

The exports from the several seaboard ports for the week
ending June 15, 1895, are shown in the annexed statement :
E x p o r ts fr o m —

F lour,
bbls.

C om .
bush.

W heat.
bush.

8«,651
12,622

3,173
750

'222

30.067
39,740
958

" 159

Montr e a l................ ,. 132,030

17.142
99,223

75,987
30,407

Same tim e 1894.... . 883.515

475,483
915,645

276,312
270,518

85,553
71,382

8.000

R y e.
bush.

Oats.
bush.

P eas,
b u sh .

3,395

..........
3.395
20,528

4,082
24,398

The destination of these exports for tne week and since
Sept. 1,1894, is as l •low. W e add the totals for the corres­
ponding periods of last year for comparison :
■Flow.--------- > .---------Wheat.--------->

W eek
B xp orts fo r
week and since J u n e 15
Sept. 1 to—
bbls.

Since Sept.

1,1894.

W eek
Since Sept.
1, 1894.
J u n e 15
bush.
bush.

1113

CHEONICLE.

-C om .W eek Since Sept.
J u n e 15. 1.1894.
bush.
bush.

1894.

1895.
Nbw Y ork

to

J une 17.

W e e k . S in c e J a n .

1.

W e e k . S in c e J a n .

53
Great Britain........
41
Other European....................
3,100
China .......................... .
10
India........ ............................ .
Arabia........................... .
44
A frica .........................................
210
West In d ies..........................
63
M e x ico ................... .
532
Central America................ .
702
South A m erica..................
75
Other Countries............. .

2,748
1,378
22,976
3,343
13,120
3,721
8,356
1,488
5.548
26,419
2,865

49
52
1,885
104

4,830

91,962
9,700

I 3,121

....

102,641
8,878

101,662
Total.......................... . . . 4,830
* Prom New England mill points direct.

3,121

111,519

Total.................................
China, via Vancouver*....

....

73
239
30
95
556
38

1.

3,078
1,716
42,593
4,573
11,633
3,957
9,525
906
3,410
19,737
1,513

The value of the New York exports for the year has
been $4.075,522 in 1895 against $5,518,867 in 1894.
The most important feature in staple cottons has been the
advance in bleached shirtings initiated by the raising of Lons­
dale and Fruit of the Loom 4-4 bleached ^ c . per yard. This
advance has been looked for and buyers prepared for it by
475,423 21.881,376
414,952 38,314,027
T o t a l................. 276.332 10,437,768
916,645 47.858.027 placing fair orders in anticipation. Business during the latter
883,5)5 42.685,579
T otal 1894........... 270.518 10,Wi)2,677
The visible supply of grain, comprising the stocks in granary part of the week has therefore been moderate. Brown sheet­
at the principal points of accumulation at lake and seaboard ings and drills continue stroDg, with an upward tendency. A
considerable business ha3 been done, chiefly in the heavier
ports, June 15, 1895, was as follows :
PepB arley weights of coarse goods and in fine brown sheetings.
R ye,
Oats,
Corn,
W heat,
bits6.
bush.
bush.
bush.
perel R advanced J^c. and a number of standard and threebush.
I n store a t—
1,450,000
8,000
340,000
New Y ork .............. ... 4.9C3.000
yard sheetings and drills % g. per yard. Colored cottons con­
Do
afloat....
46,000
15.000
A lb a n y ...................
tinue firm and the market for denims and ticks is reported in
1,030,000
985,000
B uffalo................... ... 1,302,000
improving condition. The demand for wide sheetings, cot­
Do
afloat...
2,146,000
37,000
5,502,000
C h ica go.................. ...17,585,000
ton flannels and blankets is firm but quiet. Kid-finished
...
"'¿.boo
20,000 cambrics, silesias, percalines, twills and finished linings gen­
erally quiet but firm. White goods in improving demand for
251.000
... 9,014,000
new season at strong prices. Fancy prints in new dark work
6.000
30.000
267,000
T oledo.....................
more freely ordered and a steady business passing in other
1,000
12,000
149.000
3,000
D etroit........................ 342.000
6,000
9,000 prints at firm prices. Ginghams without change in any
Oswego........................
8,000
918.000
Ì26.00Ó
St. Louis.....................
122,000
direction. There has been no demand of any account for
Do
afloat............................
print cloths, but sellers have held firmly for 2j£c. for extras.
' 67,000
6,000
' 41,000
Cincinnati...................
10,000
131.000
72.000
Boston.......................... '430,000
Odds have been in steady demand and firm.
21.000
27,000
T oronto......................
United Kingdom 190,116
Continent........... 130,341
S. & C. A m erica.. 2»,516
W est Indies.......
23,564
Brit. N. A . Col’s.
9,368
Other countries..
1,427

bbls.

6,998,148
1,051.896
1,021.103
992,224
342,901
31.196

Montreal..................... 277,000
Philadelphia............... 211,000
Peoria..........................
36,000
Indianapolis...............
48,000
Kansas City................
155,000
Baltim ore...................
470,000
Minneapolis.................11,624,000
8t. P a u l........................................
On Mississippi River................
On Lakes....................
343 000
On canal and riv e r...
68,000
Total June 15,1895.47,717,000
Total June 8.1895.49,765,000
Total June 16,1894.67,106,000
Total June 17.1893.66.376,000
Total JuneTS, 1892-26,006,000

346,258 26,704,203
55,924 12,466,627
18,366
8,961
2.870
132,997

21,000

159.000
195.000
111.000

178.000
377.000
6,000

146.000
¡¿18,000
569.000
70.000
158.000
125.000
96.000

323.686 14,705,234
109.433 6,456.902
151,149
1,071
424,134
18,594
25,15»
110,144
2,480
33,813

1895.
15.
At Providence, 64 squares...........1 7 2 ,0 0 0
37,000
At Pall River, 64 squares............. .
At Fall River, odd sizes...................... 70,000

’ *0,000
’

S to c k o f P r i n t Q lo tk s —

1,000

" looo
7,000

6,000

"Ï.ÔÔÔ

' 36,000
823.000
540.000

583.000
1,442,000

10.784.000
11.583.000
7.077.000
8.165.000
5.216.000

8,661,000
8.749.000
2.517.000
8.631.000
4.032.000

20,000

20,000

117.000
127.000
240.000
626.000
377,000

118,000
94.000
85.000
427.000
379.000

June

Total stook (pleoes)..................2 3 8 ,0 0 0

978,000

1893.
17.
97.000
19.000

June

116,000

market has been quiet for
foreign merchandise both for immediate consumption and for
fall trade. There is a generally firm tone for fall lines, Mo­
hair dress fabrics being still exceptionally strong.
F o r e ig n

Dr y

G o o d s ,—The

Im portation)« a n d W a reh o u se W ith d r a w a ls o f D ry G oods

The importations and warehouse withdrawals of dry goods
at this port for the week ending June 20, and since
January 1, 1895, and for the corresponding periods of last
N e w Y o r k , F r i d a y , P. M ., June 21, 1895.
year are as follows:
There have been unmistakable indications of still increasing
g
S
g
R
h
»
18
g.
H
strength in the market for staple cottons. The demand for
*to
g
s
o
c
ir
g
p
ûl
M
|sFà§|
M.» B u r lF a B
I rp
Su
brown goods has been on a more extended scale in face of
p ip ì O h J
• 2. ï
» :
•P
Io-*•& 8
^ 0: •
? • I0
considerable difficulty in placing large orders for reasonable
5:■ ■
I
l
®
à
o;
delivery and a continued upward tendency in prices, whilst
0\
|
g
p
:
0
:
0ft•
g;
in bleached cottons there has been a general movement up
B
•N
dt?
*d •
to a higher level of values, and coarse colored cottons are
firm throughout. These conditions are unusual at this time
h<j s
CO M M CO M
<lUt©©C0 c
of the year and clearly mark the abnormal position of the lo I' co**
K-ï ?! PJ m M M 02
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if
m mm © co
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■,«■
staple goods market. Raw cotton for the time being has lost
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its influence as a factor, the goods situation being practically
a
Ut^OCOtO© a
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independent of outside conditions, and governed entirely by
©O5M0ö<Ä
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the relations of supply and demand. Business in fancy cotton
© ©COCQ<l
©©©©to
fabrics for fall has developed no new feature. Fall River is
uneasy under apprehensions of renewed labor troubles, and in
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face of very restricted demand print cloths are firmly held.
<1© p —*00
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M©© M©
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in heavy weights, and in new spring weights an important
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and a fair amount of business has been done at generally
M©©UtCO
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O CO M M c o © t o
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©
©©MOD
to
from this port for the week ending June 17 were 4,830
© © qomchIo
© M t0 05©00 TO
©to bq u»o—<i
packages, valued at i205,764, their destination being to the
C
O
tOtO © ©
C
O
—
tout j ^ coto*-»©
U
»
M
M
©
©
1 WWl CO© M00©
CO © © © - " »
COto ’ M-* CO© ~*
points specified in th-i table below:

THE

DRY GOODS TRADE.

43,333
479,018




47,1«5
57,355
61,974
30,081
22,379

218,974
614,640

'

1894.
16.
280,000
521,000)
177,000 J

June

1114
S tate

THE
and

C it y

CHRONICLE.

D epartm ent

("Vo l , LX.

Bay City, Mich.—It is reported that this city has sold $50,000 of 4 per cent bonds running 30 and 35 years at 105’414.

Bayonne, N. J.—Five per cent funded assessment gold
bonds of the City of Bayonne to the amount of $38,000 were
sold on June 18 to C. Zabriskie, of Jersey City, at 108*54. In­
T he I nvestors’ Supplement will be furnished terest is payable in January and July and the loan matures
without extra charge to every annual sub-criber of the in 20 years. The bids received were as follows :

TERMS OF SUBSCRIPTION.

C ommercial and F in a n c ia l Chronicle .
T he State and City Supplement will also be fur­
nished without extra charge to every subscriber of the
C hronicle .
T he Street R a il w a y S upplement will likewise
be furnished without extra charge to every subscriber
of the Chronicle
T he Quotation S upplement , issued monthly, will
also be furnished without extra charge to every sub­
scriber of the Chronicle .
TERMS for the Chronicle with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars in Europe, which in both
cases includes postage.
Terms of Advertising— (Per inch space.)
One tim e. . . . . . . . . . . . . . . . . . . . $3 50 I Tnree Months (13 tim es)..$25 00
One Month
(4 times).. 11 00 Six Months
(26 tim es).. 43 00
Two Months
(8 times).. 18 00 |Twelve Months (52 times).. 58 00
(The above terms for one month and upward are for standing cards.)

JOvw,
G. Zabriskie...................................................
108,54
W. E. R. Smith................................................................
108*04
Farson, Leach & C o ..............
106*76
Slorrs & Smith......................................................................................106*05
Benwell & Everitt............................................................................. 108*14
D. A. Moran & Oo..............................................................
108*00
Provident Institution for Savings............................ ....................... 106*61
N. W. Harris & Co..............................................................................105*29

Birmingham, Ala.—A committee of aldermen from Bir­
mingham, Ala., and the bondholders’ committee have had a
meeting in Baltimore, but we have not as yet received notice
of any agreement.
Bloomsbnrg, Pa.—There is a current report to the effect
that the people of Bloomsburg will vote on issuing $79,000 of
bonds, but. we are notified by R. H. Ringler, Secretary of the
Council, that the proposed increase of bonds is $40,800. The
vote will be taken Julv 16. The loan, if authorized, will bear
interest at the rate of 43£ per cent, and will mature part yearly
from 1896 to 1915, inclusive.
Boone, Iowa.—Five per cent water-works bonds to the
amount of $14,500 have been sold to N. W. Harris & Co. for
$14,780.
Boston, Mass.—Proposals will be received until June 27,
1895, by Alfred T. Turner, Treasurer, for the purchase of reg­
istered certificates of the city of Boston as follows:

T h e p u r p o s e o t t b is S t a t e a n d C ity D e p a r t m e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.

Interest will be payable at the office of the City Treasurer,
or if desired by the holders can be sent through the mail by
check payable to their order. The certificates will be ready
for delivery July 1, 1895.

B o n d P r o p o s a l s a n d N e g o t i a t i o n s .—We have re­
served through the week the following notices o f bonds
recently negotiated and bonds offered and to be offered for
■ale.

Brooklyn, N. Y.—Sealed proposals will be received until
July 8 by George W . Palmer, City Comptroller, for the pur­
chase of $300,000 of Gravesend local improvement bonds and
$270,000 of New York and Brooklyn Bridge bonds. The
securities bear interest at the rate of 3% per cent, payable
semi-annually (J&J) in gold.

A itkin County, Minn.—Road and bridge bond} of this
county to the amount of $16,000 were voted on June 11.
Aitkin, Minn.—This city has recently disposed of $10,000 of
5 per cent electric-light boads.
Allegheny, Pa.—City Comptroller James Brown will re­
ceive sealed proposals until July 2 for $800,000 of 4 per cent
bonds described as follows :
LOANS-

W h en D u e.

St r e e t I m p r o v e m e n t —

4s, J&J, $50,000....... July
4s, J&J, 50,000.........July
4s, J&J, 50,000.........July
4s, J&J, 50,000.........July
4s, J&J, 50,000.........July
4s. J&J, 50,000.........July

1,1900
1,1905
1,1910
1,1915
1,1920
1,1925

4s, J&J, $50,000 ___ July 1,1910
4s, J&J,
50,000...... July 1,1915
4s, J&J,
50,000...... July 1,1920
4s, J&J,
50,000...... July 1,1925
8 e w b r I m provem ent-

48, J&J, $33,000.........July l , 1900
4s, J&J,
33,000...... July 1,1905
4s, J&J,
33,000...... July 1,1910
H ig h w a y I m p r o v e m e n t —
4s, J&J, 33,000 ___July 1,1915
4s, J&J, $50,000.........July 1,1900 4s, J&J,
33,000...... July 1,1920
4s, J&J, 50,000.........July 1,1905 4s, J&J,
35,000...... July 1,1925

Interest will be payable at the City Comptroller’s office or
will be mailed by check.
On the fourth o f this month twenty-seven bids were re­
ceived for $600,000 of 4 per cent water bonds of this city,
maturing at the rate of $100,000 every five years from June 1,
1900, to June 1, 1925, and the securities were sold at 106*712.
A n advertisem ent elsewhere in this Department gives fu rth er
particulars regarding the bonds now being offered and the
terms o f the sale.
Ansonia, Conn.—Proposals will be received until July 1 for
the purchase of $150,000 of 4 per cent gold funding bonds.
The securities are dated May 1, 1895, and bi come due in 20
years.
Aroostook Connty, Me.—Four per cent bonds of tbis coun­
ty to the amount of $40,000 have been sold to Messrs. Farson,
Leach & Co.
A tlantic City, N. J.—On June 18,1895, the city of Atlantic
City, N. J., sold $775,000 of 5 per cent gold bearing water
bonds, to Messrs. Spencer Trask & Co. for a premium of
$86,275. Interest will be payable semi-annually in June and
December and the principal will mature in 30 years.
Aurora, 111.—Five per cent bonds to the amount of $10,000
have been awarded to Messrs. Farson, Leach & Co.
Battle Creek, Mich. —The citizens of Battle Creek will vote
June 24 on issuing $30,000 of water-works bonds, the loan to
bear interest at a rate not exceeding 5 ner cent and to mature
at the rate of $10,000 yearly in 1915,1916 and 1917.




LOANS—
When Due. I
LOANS—
B lo k H il l a n d O t h e r A v e s .— | W a t b k L o a n —
When Due.
4s, J.&J., $1,000,000..July 1,1935 |4s„ A & O., $500,000..Oct. 1,1924
H ig h w a v L oam s —

I

4s, J. & J „ $500,000..July 1, 1915 |

Braddock, Pa.—William Sherwin, Borough Treasurer,
reports to the C h r o n ic l e that the election to vote on issuing
$25,000 of reservoir bonds of Braddock will be held July 16.
It was erroneously reported some time since that the vote
would be taken June 14.

Buffalo, N. Y.—On June 18, 1895, Erastus C. Knight, City
Comptroller, awarded $250,000 of 3% per cent Buffalo school
bonds to the Lamprecht Brothers Co. of Cleveland at
102*125. The securities are dated June 1, 1895, interest will
be payable semi-annually on February 1 and August 1, and
the principal will mature at the rate of one-twentieth yearly,
beginnirg June 1, 1896, both principal and interest to be pay­
able at the office of the City Comptroller or at the Gallatin
National Bank, New York, as the purchaser may desire. The
Buffalo Commercial comments as follows on the sale:
“ This compares most favorably with previous sales of
bonds of this kind, the last sale of school bonds, sold Feb. 1,
1894, bringing but $100 01, or one per cent above par, while
those sold to-day brought $102 123£, or $2 12J£ above par.
The large number of bidders and the high price received are
in no small degree due to the fact that Comptroller Knight
has used every endeavor to call the attention of the various
moneved institutions throughout the country to this sale of
bonds and the value of Buffalo securities.
“ The following is a complete list of bidders and the prices
bid:
Lamprecht Bros. Co., Cleveland, Ohio. $102 12^*
E. H. Rollins & Sons, Boston, Mass., $102 01.
W. J. Hayes & Sons, Cleveland, Ohio, $102 01.
John A. Donaldson, Buffalo, N. Y ., $101 81.
United States Mortgage Company, New York, $101 52.
Joseph E Gavin. Buffalo, N. Y., $101 16.
Street, Wykes & Go., New York, $101 09.
Farson, Leach & Co., New York, $101 06.
Knickerbocker Trust Co., New York, $100 88.
Henry W . Sprague, Buffalo, N. Y ., $100 84.
Blake Bros & Co., New York, $100 72.
N W . Harris & Co., New York, $100 67.
W . I. Qaintard, New York, $100 19.
Comptroller Knight said to a Commercial reporter :
“ Had these been straight 20-year bonds instead of install­
ment bonds, payable one-twentieth each year, the price re­
ceived would have been much larger. It is rare that install­
ment bonds are issued, for the reason that they are not as
eagerlv sought for investment purposes, nor do they bring as
large a price when placed upon the market.”
“ It will be seen that in this respect Comptroller Knight was
at a disadvantage in this sale as compared with previous
sales.”
The city’s bonded debt on Mav 1, 1895, less bonds held in
sinking funds, was $11,782,214 85. The assessed valuation for
1895 is $220,064,300.

J unk 22, 1895.]

TH E

CHRONICLE.

Campbell Connty, S. D.—N. W . Harris & Co. have recently
been awarded 6 per cent Campbell County bonds to the
amount of $28,000.
Canandaigua, N. T .—All bids received on June 15 for
$130,000 of 4 per cent 10-20-year gold water bonds offered for
sale on that day were rejected. The village has since awarded
a straight 20-year loan of the same amount and rate to
Seasongood & Mayer, of Cincinnati, at par, acerued interest and
a total premium of $4,000. The securities are dated April 1,
1895, They were authorized at a special election held Dec. 3,
1894, and are issued to pay for the construction of a system of
water-works. A sinking fund will be created for their re­
demption. The total indebtedness of the village on March 9.
1895, was $200. True value of taxable property is estimated
at $5,000,000. Assessed value of taxable property March 9,
1895, was $3,735,880. Present population is about 6,000. The
village has never defaulted in payment of principal or inter­
est. Canandaigua is the county seat of Ontario County and
is surrounded by a rich agricultural and fruit-growing dis­
trict.
Canton, 111.—Bonds of this municipality to the amount of
$18,000, bearing interest at the rate of 5 par cent, have been
sold to Messrs. Farson, Leach & Co.
Castleton, N. Y.—Five per cent school bonds to the amount
of $32,000 have recently been awarded to Farson, Leach & Co.
Cincinnati, Ohio.—Bridge bonds of Cincinnati to the
amount of $50,000 have been sold to the trustees of the sink­
ing fund.
Clelwein, Iowa.—The people o f this town have voted in
favor of issuing bonds for water-works.
Cohoes, N. Y.—Miller Hay, City Chamberlain, will offer at
public auction oh June 26, 1895, $25,000 of 4 per cent school
bonds and $5,000 of 4 per cent refunding bonds. The securi­
ties will be dated July 1, 1895, interest will be payable semi
annually on January 1 and July 1 at the Central Trust Co. of
New York, the school bonds to mature at the rate of $1,000
yearly from July 1, 1896, to July 1, 1915, and $5,000 on July
1, 1916, and the refunding bonds at the rate of $L,000 yearly
from July 1, 1896, to July 1, 1900.
Danvers, Mass.—School building bonds to the amount of
$18,500 have been sold to E. H. Gay & Co. at 102*53. The
securities are dated June 1, 1895, interest at the rate of 4 per
cent is payable semi-annually in Boston, and the principal
will mature in equal amounts in from one to twenty years.
Duval County, Fla.—Five and one-half and six per cent
bonds of Duval County to the amount of $36,000 have been
awarded to Messrs. N. W . Harris & Co.
Ephratah, N. Y.—A vote will be taken July 9 on issuing
$30,000 of water-works bonds.
Fredericksburg, Ya.—Refunding bonds of this city have
recently been sold.
Fulton, Mo.—On June 15, 1895, the City of Fulton sold
$12,000 of 5 per cent electric-light bonds to the Donaldson Bond
& Stock Co., of St. Louis, for $12,226 20. The securities are
to be dated July 1, 1895, interest will be payable semi-annnallv on January 1 and July 1 at the National Bank of Com­
merce, St. Louis, Mo., and the principal will mature in 20
years, with an option of call, in consecutive order, at any
time after 5 years. Four other bids were received for the
loan as follows :
Amount Bid.
N. W. Harris & Co., Chicago, 111...............................................$12,083 00
Diets, Denison & Prior, Cleveland, 0 ..................................... 12,085 00
Gaylord, Blessing & Co., St. Louis, Mo.................................... 12,120 00
M a s o n Lewis & Co., Chicago, 111............. ............................... 12,137 50

Holyoke, Mass.—It is reported that this city has sold $150,000 of gold school bonds to E. H. Rollins & Sons at 107"395.
The loan bears interest at the rate of 4 per cent and runs 20
years. Other bids received were as follow s: Cushman,
Fisher & Co., 106*930; Brewster, Cobb & Estabrook, 106*830 ;
Harvey Fisk & Sons, 106*830 ; Blodget, Merritt & Co., 106*787 ;
R. L. Day & Co., 106*639 ; L^e, Higginson & Co., 106*573 ;
Blake Bros. & Co., 106 514 ; W . J. Hayes & Sons, 106*270 ; N.
W . Harris Sc Co., 106*210 ; J. W. Longstreet & Co., 106*020 ;
G. A. Fern aid Sc Co., 105'SI 0 ; Third National Bank, 105 210.
Homestead, Pa.—The citizens of Homestead will vote July
23 on issuing $35,000 of bonds for street improvements,
sewers, &c.
Hornellsville, N. Y.—An election held June 10 on issuing
$30,000 of city hall and court-house bonds resulted in favor of
the proposition.
Illinois Drainage Districts.—The Illinois Legislature has
passed a bill authorizing the issuance of bonds by drainage
districts, and providing for the registration of the securities.
Kassou, Minn.—Village bonds to the amount of $6,000 have
been voted for water-works.
Kings Connty, N. Y.—Proposals will be received until June
29, 1895, by Henry H. Adams, County Treasurer, for the pur­
chase of a $1,500,000 four per cent Kings County public park
fund loan, maturing at the rate of $37,500 yearly from May 1,
1905, to May 1,1944. Interest will be payable semi-annually
on May 1 and November 1.
Laconia, N. H.—Proposals will be received until June 24,
1895, by 8. B. Smith, Mayor, for the purchase of $30,000 of 4
per cent funding bonds. Interest will be payable semi­
annually in January and July, and the principal will mature




1115

at the rate of $2,000 yearly, commencing July 1, 1896, both
principal and interest to be payable at the National Bank ot
the Republic, Boston. The city’s total debt, including this isuse is $227,000.
Lanrens, N. Y.—Austin S. Gray, Village Treasurer, reports
to the Chronicle that $8,000 of water-works bonds recently
voted have been declared illegal. The question will again be
submitted to a vote of the people in the near future.
Lewiston, Mich.—Bonds of this village have been voted
for water-works.
Lorain, N. Y.— An election wiH be held at Lorain to vote
on issuing bonds for the improvemenc of the water-works.
The estimated cost of the proposed improvements is $158,000.
Los Angeles, Cal.—Proposals will be received until June
24, 1895, by C. A. Luckenbach, City Clerk, for the purchase
of $396,000 of 4% per cent refunding bonds. Interest will be
pavable semi-annually on May 1 and November 1, at the
Chemical National Bank, New York, both principal and inter­
est to be payable in gold coin. The issue will be divided into
nine blocks of forty bonds of $1,000 each and one block of forty
bonds of $900 each, one bond of each block to become due an­
nually beginning May 1, 1896. Proposals will be received
for the entire issue or for one or more blocks and no condi­
tional bids will be entertained. The bonds will be ready
for delivery immediately after the award, and will be deliv­
ered by the City Treasurer at his office in the City Hall of Los
Angeles, or at any designated Eastern point, provision being
made for the expenses of such delivery. The securities are
issued to refund $76,000 of funded debt bonds of 1870, due
August 1, 1895 ; $17,000 o f main sewer bonds of 1877, due
July 1, 1901; $58,000 of funding bonds of 1881, due July 1,
1901; $150,000 of general improvement bonds of 1886, due
July 1, 1906; $40,000 of general improvement bonds of 1887,
due July 1, 1907, and $55,000 of general improvement bonds
of 1888, due January 3, 1908.
The legal questions involved in the issuance of these bonds
were submitted to Judge John F. Dillon, of New York City,
for examination last month, and the following opinion ob­
tained thereon:
W . E. Dunn, Esq., City A ttorney, Los Angeles, Cal.:
D e \R S i r — I have examined into the question of the valid­
ity of the 396 refunding bonds proposed to be issued by the
City of Los Angeles under the act of March 15, 1883, as
amended March 1, 1893. The existing bonds proposed to be
refunded mature at different periods prior to 1909. The pro­
posed issue contemplates bonds to run not exceeding 40 years,
that is to say, down to 1935, one-fortieth part thereof, how­
ever, to be payable each year.
Section 18 of Article II. of the Constitution of California, in
force at the time when the bonds proposed to be refunded
were issued, provided a maximum limit of time of 20 years,
and required the creation of a sinking fund to pay the princi­
pal on or before the maturity thereof. The same section 18 of
the Constitution also provides that no city shall incur any in­
debtedness or liability, in any manner or for any purpose,
exceeding its annual income, without the assent of two-thirds
of the qualified electors voting therefor at an election to be
held for that purpose. I observe that the Legislature of Cali­
fornia, by an act approved March 27, 1895, amended, or un­
dertook to amend, the said act of March 1, 1893, by providing
for the refunding of indebtedness without requiring a vote of
the people therefor. This act must proceed upon the theory
that a renewal of the debt for this extended period is not the
creation of a new debt or liability within the meaning of the
section of the Constitution referred to. I have heretofore
given an opinion to the contrary o f this proposition, and to
that opinion I still adhere.
But as respects the other question arising under this section
of the Constitution, namely as to the power of the Legislature
to authorize •such a renewal of the indebtedness existing at
the time when the section o f the Constitution was amended
as is proposed in this case, while my judgm ent is that the
proposed renewal does not conflict with the Constitutional
provision, I nevertheless regard the queston as sufficiently seri­
ous to make it expedient on all hands that before these bonds
are put out the opinion of the Supreme Court of California on
the subject should be obtained.
Very truly yours,
J ohn F. D il l o n .

The original of the foregoing opinion is on file in the office
of the City Clerk, and will be delivered to the purchaser o f
the bonds, and all bidders will be required to submit uncondi­
tional proposals for the purchase of and payment for the bonds
as based upon said opinion. Each bid must be accompanied
by a certified check for $5,000.
The present total bonded indebtedness of the city of Los An­
geles is $1,259,200. The total value of assessed property March 1,
1894, was $47,396,165. Amount of bonded indebtedness which
the city can assume, as regulated by act of the Legislature,
being 15 per cent on the total assessed value, $7,109,424. The
charter of the city of Los Angeles provides that its indebted­
ness must not exceed in the aggregate two million dollars,
except for the purpose of providing water-works for the city
and establishing and creating a sewer system. A further
indebtedness may be incurred by the issue of bonds for these
purposes in the manner provided by the general law. This
issue does not increase the debt of the city, but is made in the
line of economy.
The rate of taxation for the last fiscal year for all city pur­
poses, $1 20; rate for present year not yet fixed. There has

1116

THE

CHRONICLE.

never been any default in the payment of any city bonds or
interest thereon. The present population of Los Angeles is
about 80,000.
Proposals will also be received until June 24, 1895, by the
City Clerk for the purchase of $306,000 of public school im­
provement bonds of the denomination of $1,000 each, $30,000
o f water system improvement bonds of the denomination of
$750 each and $40,000 of central police station improvement
bonds of the denomination of $1,000 each. The school loan
will be divided into seven blocks of 40 bonds each and one
block of 26 bonds ; the water loan into one block of 40 bonds
and the police station loan into one block of 40 bonds, and be­
ginning July 1, 1896, one bdnd of each block will become due
yearly. The securities are to be dated July 1, 1895, and in­
terest at the rate o f 4J>£ per cent will be payable semi-annu­
ally, both principal and interest to be payable in gold coin at
the Chemical National Bank, New York.
Manchester, N. H.—It is reported that $100,000 of 4 per
cent water bonds of Manchester have been sold to E. H. Rol­
lins & Sons at 106*265. Ten other bids were received as fol­
lows: Harvey Fisk & Sons, 105*88; R. L. Day & Co., 105*81;
Blodget, Merritt & Co., 105*79; N. W . Harris & Co., 105*63;
W . J. Hayes & Sons, 105*57; G. A. Fernald & Co., 105*47;
Brewster, Cobb & Estabrook, 105*23; Lamprecht Bros. Co.,
105*06; J. W . Longstreet & Co., 104*78; Blake Bros. & Co.;
104*273. The loan matures in 20 years.
Melrose, Mass.—Proposals will be received until June 24,
1895, by George Newhall, Town Treasurer, for the purchase
o f $50,000 of 4 per cent sewerage bonds. The securities are
dated June 1, 1895, interest will be payable semi-annually in
June and December, the principal *will mature June 1,1925,
both principal and interest to be payable at Boston or Mel­
rose. The town’s debt is at present $446,000, including water
debt $249,000.
Miami County, Ind.—Bonds of this couuty to the amount
o f $18,000 have recently been sold to N. W . Harris & Co.
Millersbursr, Ohio.—Corporation Clerk J. G. Walkup re­
ports to the C h r o n ic l e that all bids received on June 17 for
$20,000 of 4 per cent 12 to 31 year water bonds were rejected
and the securities will be offered for sale again.
Milford, Mich.—The people of this village will vote June
25 on issuing $18,000 of water-works bonds.
Milwaukee, Wis.—It is reported that on June 17, 1895, the
<;ity of Milwaukee sold $707,500 of 5 per cent bonds to Blair
& Co., of New York, at 112*37: nineteen bids in all were re­
ceived. The securities are issued for the following purposes:

rVoL. LX.

April 1, 1915, with an option of call after April 1,1905. They
will be offered for sale after the result of the water supply is
known, the drilling of a well now being in operation.
The city’s debt on June 1, 1895, was only $1,500. Its as­
sessed valuation for 1895 (which is about one-fourth of actual
value) is $414,145 ; total tax (per $1,000), $29 75.
Pine Island, Minn.—An election will be held to vote on
issuing $5,000 of bonds for the construction of water-works.
Portland, Oreg.—On June 18, 1895, the city of Portland
sold $200,000 of 5 per cent water bonds to Cushman, Fisher
& Co. at 114 and accrued interest. The securities are dated
July 1, 1893, interest is payable semi-annually on January 1
and July 1 at the office of the City Treasurer and the princi­
pal will mature July 1, 1923. Both principal and interest are
payable in gold.
Richmond County, N. Y.—Proposals will be received until
July 8, 1895, by Franklin C. Yitt, Clerk of Board of Super­
visors, for the purchase of $100,000 o f coupon or registered
county road bonds. The securities will be dated August 1,
1895, and will be payable in gold coin August 1,1920. Interest
“ at the lowest rate” will be payable semi-annually.
Riverside, Cal.—Proposals will be received until about July
1, 1895, by W . W . Phelps, City Clerk, for the purchase of
$40,000 of electric-light bonds and $90,000 of street improve­
ment bonds. The securities will be dated August 1, 1895, in­
terest at the rate of 5 per cent will be payable semi-annually
on February 1 and August 1, and the loans will mature at the
rate of one-fortieth yearly from date of issue, both principal
and interest payable in gold coin at the Chase National Bank,
New York City.
The city has at present no indebtedness of any kind. Its
assessed valuation for 1894 was over $5,600,000.

R ockw ell City, Iow a.—On July 15 $7,000 of Rockwell City
water-works bonds will be offered for sale at public auction
at the office of Town Treasurer F. P. H uff. The loan will
bear interest at the rate of 6 per cent, payable semi-annually
in January and July, at Rockwell City, and will mature July
1, 1915.
The city has at present no debt of any kind and its assessed
valuation in 1894 (which is one-third of actual value) of real
estate was $107,949 ; personal property, $37,214; railroads,
$5,500 ; total, $150,663 ; total tax rate (per $1,000) $56.
The official advertisem ent o f this bond offering will be found
Library and museum_________ $142,500 I City H a ll.............. $200,000 elsewhere in this Department.
Viaduct...................................... 95,000 Public park.............. 100,000
Rutland, Y t.—-This city has awarded $30,000 of sinking
S ch ool................................ 150,000 I Bay View sewer.............. 20,000
The library and museum and viaduct loans will be dated fund school bonds to Blodget, Merritt & Co. at 107*17.
Jan. 1, 1895, and the city hall, school, park and sewer loans
San Antonio, Texas.—An election will be held July 3 on
July 1, 1895. Interest will be payable semi-annually on Jan. issuing $300,000 of 6 per cent funding bonds.
1 and July 1, and 5 per cent of the issues will mature an­
¡Sangus, Mass.—Four per cent 20-year school-house bonds
nually, the date of maturity being specified on each bond.
Montgomery, N. Y.—On July 1 at 1 o’clock the Montgomery to the amount of $36,000 have been sold to E. H. Gay & Co. at
103 75. Four other bids were received.
Water Board will open bids for $23,000 of coupon water bonds.
Sheridanville, Pa.—An election recently held to vote on
The securities will bear interest at the rate of 4 per cent, pay­
issuing $70,000 of paving bonds resulted in the defeat of the
able January 1 and July 1, and the principal will mature July proposition.
1, 1915. Montgomery has at present no bonded debt. Its
Somerville, Mass.—On June 18, 1895, the city of Somer­
assessed valuation is $325,000 and the population 1,500.
ville sold $424,000 of coupon bonds to Messrs. Blake Bros. &
F or fu rth er particulars see advertisement elsewhere in this Co. of Boston, $324,000 maturing at the rate of $19,000 yearly
from July 1, 1896, to 1899; $18,000 yearly from 1900 to 1905,
Department.
$15,000 yearlv from 1906 to 1908; $14,000 yearly from 1909 to
Morris, III.—This municipality has recently awarded $8,000 1912, and $13,000 yearly from 1913 to 1915, at 103*422, and
of bonds to Messrs. Farson, Leach & Co. The loan bears in­ $100,000 maturing at the rate of $4,000 yearly from July 1,
terest at the rate of 5 per c e n t..
1896, to 1905, and $3,000 yearly from 1906 to 1925, at 105*044.
Natick, Mass.—Proposals will be received until June 24, The securities are to be dated July 1,1895, and interest will be
1895, by the Town Treasurer, for the purchase of $75,000 of 4 payable semi-annually in Boston. The city’s total debt, in­
per cent sewerage bonds, the securities will be dated July 1, cluding the above loan, is $1,063,000.
1895, interest will be payable semi-annually in January and
Sonth Norwalk, Conn.—Proposals will be received until
-July, $50,000 of the principal to mature July 1, 1915, and the
June 25, 1895, by the Water Commissioners for the purchase
remaining $25,000 July 1, 1920.
of $30,000 of 4 per cent water fund bonds. Interest will be
New York City.—Emergency bonds for $600,000 will be payable semi-annually in January and July and the principal
issued by the Board of Estimate and Apportionment to provide will mature July 1, 1925,
against the threatened deficiency in the Street-Cleaning De­
Springfield, Mo.—G. W . Hackney, City Clerk, reports to
partment.
the C h r o n ic l e that an election held June 8 on issuing $60,000
Nez Perce County, Idaho.—Proposals will be received until of electric-light bonds resulted in the defeat of the proposi­
July 8 for the purchase of $85,000 of county bonds, the loan tion by a vote of 1,414 to 713. Another election may be held
to bear interest at the rate of 6 per cent and to become due some time in July or August.
in 20 years.
Turtle Creek, Pa.—Th* citizens will vote July 23 on issu­
Norwood, Ohio.—Allison Street improvement bonds of this
village to the amount of $8,597 46, bearing interest at the rate ing $50,000 of public improvement bonds.
Talley Connty, Neb.—The Board of County Commission­
of 6 per cent, and running from one to ten years, were
sold on June 8 to S. Kuhn of Cincinnati at 102 and ac­ ers of Valley County have decided to contest the validity of
crued interest. Four other bids were received, from the Ger­ county bunds to the amount of $32,000. The securities were
man National Bank, the Atlas National Bank, Messrs. R. issued in 1880.
Kleybolte & Co. and Messrs. Seasongood & Mayer, all of
West Pittston, Pa.—Sewer bonds of this borough to the
Cincinnati. The bids ran very close, there being only $5 dif­ amount of $24,000 were sold on June 14. The loan is dated
ference between the highest and next highest bids, and only March 1, 1895, interest at the rate of 5 per cent is payable
20 cents difference between the second and third highest bids. semi-annually on March 1 and September 1, and the principal
Orange, N. J.—The city o f Orange will soon issue sewer will mature in thirty years.
bonds for $125,000.
W heeling, W. Va.—Bonds to the amount of $50,000 have
Pella, Iowa.—John Faassen, Clerk, reports to the C h r o n ­ been authorized by the Council. The question will now be
f
ic l e that $19,000 of water-works bonds to be issued by the submitted to a vote of the people.
city of Pella will bear interest at the rate of 5 per cent, pay­
W orthington, M inn.—Electric-light bonds to the amount
able semi-annually in April and October, and will mature of $15,000 will be issued by this village.
.~ -= ^ ^¿m




TH E

J unk 22, 1895 1

STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received sine
the last publication of our S tate and City S upplement
Some of these reports are wholly new and others cover items
of information additional to those given in the Supplement
and of interest to investors.
New Brunswick, N. J.—J. H. Van Cleef, Mayor. This
statement concerning the financial condition of New Bruns­
wick has been corrected to April 1, 1895, by means of a
special report to the Chronicle from James Neilson, City
Treasurer.
This city is situated in Middlesex County.
LOANS—

When Due.

R e f u n d in g B o n d s —

4^8, A&O, $95,000... .Oct. 1,1919
R e v e n u e B o n d s—

4s, M&N, $ 3 3 ,0 0 0 ....-----------------S in k in g F u n d B o n d s -

63, M&S, $11,000..Sept. 1,1902-3
6s, M&S, 41,000.. 1901, ’02 & ’03
6s, J&J, 141,500..1905 & 1906
5s, M&N, 45,000..May 1,1897-8
5s, M&S, 22,000..Sept. 1,1901-2
5s, M&S, 25,000..Sept. 1,1902-3
5s, J&J,
15.000.. Jan. 1,1905-6
4*2S, M&N, 12,000..May 1,1907-8
4s, M&N, 65,000.-1907 & 1908
4s, M&S, 10,000..Mar., 1907-8
3s, M&N, 10,000. .Nov. 1,1908-9
3s, M&S,
40,000..Sept 1,1917-18

S t r e e t & S e w e r B o n d s - í'O ohí.)

7s, M&N,
7s, M&Ns,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,
6s, M&N,

207,500..1897 & 1898
14,600.. 1898 & 1899
229,000.-1898 & 1899
30,000.. 1899 & 1900
19,500.. 1900 & 1901
18,500.. 1901 & 1902
24,000. .1902 & 1903
37,000.-1903 & 1904
500. .1904 & 1905
4,500.. 1905 & 1906
1,000..1906 & 1907
11,500.-1907 & 1908

W a t e r B o n d s-

78, M&N, $42,000..May 1,1897-8
7s, M&N, 50,000..Mch. 1,1898-9
7s, M&N, 50,000..Mch. 1,1903-4
7s, M&N, 28,500... .Nov. 1,1895
($5.000 due yearly) to Nov. 1,1900
St r e e t a n d Se w e r B o n d s —
7s, M&N, $55,000.......1895 & 1896 7s, M&N, 50,000... .Nov. 1,1895
7s, M&N, 118,200.......1896 & 1897 ($10,000 duey’rly)toN ov. l , 1899
TA X FREE.—The city’ s bonds are exempt from taxatiou.
INTEREST on tbe water bonds, with the exception of the $28,500
and $50,000 issues, is payable at the Ninth National Bank, New York
City. All other interest at the National Bank of New Jersey at New
Brunswick.
T O T A L DEBT, SINKING FUND, Et c —The subjoined statement
shows New Brunswick’s total municipal debt, the sinking fund held by
the city against the same, the water debt, and the city’s floating debt
the dates mentioned.

FOR

C I T Y of A L L E G H E N Y
BONDS.
Office or

the

Comptroller,

Ci t y of A llegheny , P a ., J une 17,1895.
SEALED PROPOSALS will be received at this
office until 2:30 P. M., Tuesday. July 2,1895, for the
purchase o f the whole or any part o f eight hundred
thousand ($801,000) dollars bonds o f the City o f
Allegheny, maturing .as follows, from July 1 ,18P5,
which will be the date o f said b o n d s :
STREET IMPROVEM ENT BONDS.
$50,000 payable July 1,1900.
*60,000 payable July 1,1905.
$50,000 payable July 1,1910.
§50,000 payable July 1,1916.
$50,000 payable July 1,1920.
$50,000 payable July 1 .1»25.
H IG H W A Y IMPROVEM ENT BONDS.
$50,000 payable July 1,1900.
$50,000 payable July 1,1905.
$50,000 payable July 1,1910.
$50,000 payable July 1,1916.
$50,000 payable July 1,19¿0.
$50,000 payable J uly 1,1925.
SEW ER IMPROVEM ENT BONDS.
$33,000 payable July 1,1900.
§33,000 payable July 1,1905.
$83,000 payable July 1,1910.
$33,000 payable July 1,1915.
§33,000 payable July 1,1920.
$35,000 payable July 1,1925.
T he above bonds will bear interest at the rate o f 4
per cent per annum, and will be registered and in
denom inations o f one thousand ($1,000) dollars each.
Interest payable semi-annually on the first days o f
January and July in each year at the office o f the
City Comptroller, In the City o f Allegheny, Pa., or
m ailed by check to the registered holder thereof
wherever purchaser may select.
The above bonds will be awarded to the bidder
whose proposal will be m ost favorable to the city
b ut the right Is reserved by the Comm ittee en
Finance to reject any or all bids n ot deem ed fo r the
interest o f the city.
Parties desiring a first-class Investm ent will find
this a good opportunity.
Proposals must state the price offered, th e d e­
scription o f bonds desired, and be indorsed “ P ro­
posals fo r Bonds,” and addressed to
JAM ES BROWN, Comptroller.

Apr. 1,1895. Apr. 1,1894. Apr. 1,1893.
Total municipal debt..................... $1,581,800 $1,585,600 $1,567,600
Sinking funds and cash a ssets....
362,360
329,324
330,355
Net debt.................................... $1,219,440
220,500
Water debt, included above..........
Floating debt (includedabove)...
25,000

C IT Y

OF

LOANS—

LOANS—

When Due

W a t e k -W o r k s B o n d s -

-----,$15,000.................... 1922
5 s ,----, $15.000.........................1923 4 12 S , -----, 15,000.................... 1922
5 s ,----, 10,000......................... 1924 Bonded debt April 1, ’95.$119,832
St r e e t I m p r o v . B o n d s —
Tax valuation 1893............ 852,770
6 s ,..........$53,332............................. Total tax (per $1,000)....... 27-76
T o w n H a l l B ondsPopulation in 1890 was........ 2,214
68, -----, $ 7 ,50 0 ................Annually.
5 s ,----, 4,000........................... 1910

C H IC AG O

4 PER C E N T GOLD BONDS,

58,

N E W LOANS.
$ 2 0 0 ,0 0 0

City of Dallas, Texas,
40-Year 5 Per Cent Water
Works Gold Bonds.

DUE JULY 1ST, 1915.

D ated June 1st, 1 8 9 5 , P a y a b le Jun e 1st,
1 9 3 5 . P rin cip a l and Sem i-annual
In terest P ayable at Secu rity &
The undersigned, In conjunction with M E SSRS,
T rust Co., New Y o r k City.
SP E Y E R B R O T H E R S , LONDON, offer for
Assessed valuation......................................$22,000,000
public subscription
R e il valuation............................................... 5 j,000,000

$2,748,000 OF THE ABOVE BONDS
at 107)4 P E R CENT and accrued interest, paya­
ble July 5th 1895.

TH E SE BONOS A R E ISSUED IN R E ­
NEWAL. OF AN EQUAL AMOUNT OF 7
P E R CENT BONOS M A T U R IN G ON
J U R Y 1ST.
The Subscription will open on Monday, June 24th,
and close on the same day.

SPEYER & CO.,
11 BROAD STREET,

New Y ork, J une 22d, 1895.

NEW LOAN.

Total debt. Including this issue.$i, 189,0JO
Less water debt.............$661,000
Less sinking fun ds........
45,676 706,676

Net debt.................... ! .................................. $1,482,921
f Census 1890..................................38,067
| Estimated....................................65,000
) which Includes several suburbs
p o p u la tio n .. -j ¿a]jeri jn since 1890, and which ao*
counts fo r the large Increase in pop(_ ulation.
Under provisions o f the city charter, debt
is limited t o ..................................................... $2,500,000
The City o f Dallas owns property valued at. 1,600,000
Under the law o f Texas the Attorney General o f
the State must pass on the legality o f all bonds, and
after his approval the municipality and the inhab­
itants thereof are precluded from repudiating or
questioning the issue.
PRICES AND PA RTICU LARS UPON
APPLICATION .

Rudolph Kleybolte & Co.
BANKERS,
CINCINNATI, OHIO.

$ 2 5 0 ,0 0 0

BOND CALL.

CITY OF BUFFALO, N. Y.,

Choteau County, Mont.

School 3K Per Cent Bonds.

Office of the Treas. of choteau Co., Mont. )
Fort Benton, May 23,1896.
j
On the 23d day o f June, 1895,1 will pay the fol­
lowing-numbered Choteau County Bonds, to wit:

A direct ob liga tion of the city.
$ 1 2 ,5 0 0 due June 1, 1 8 9 6 , and $ 1 2 ,5 0 0
each y ea r th erea fter fo r tw en ty yea rs.
R egal Investm ent fo r New Y o r k Savings
Banks,

The Lamprecht Brothers
SECURITIES,
Company,

D E A L E R IN

113 SU P E R IO R S T R E E T , CLEVELAND.
53 ST A T E ST R E E T, BOSTON.
STREET RAILWAY BONDS BOUGHT and SOLD




When Due.

E l e c t r ic -L ig h t a n d W a t e r ­
w o r k s B o n d s—

A U G U S TU S FLOYD,

3 2 PIN E S T R E E T , NEW Y O R K .

$1,237,245
250,500
*70,000

Madisonville, Ohio.—"William G. Hier, Mayor; Bennett
Carter, Village Clerk. This statement has been corrected to
April 1, 1895, by means of tbe annual report of the village.
Madisonville is in Hamilton County.

P rices and p a rticu la rs on application .

IN VESTM EN T

$1,256,276
235,500
30,000

* The floating debt as given for April 1, 1893, includes revenue
bonds.
The total debt of the city in 1885 was $1,618,619; sinking fund and
cash, $57,519; net debt. $1,561.100.
C ITY PR O PERTY .—The city owns public buildings, steam fire
engines, etc., and water works whioh cost $493,000. Tne gross earn­
ings from the water-works for the year ending Jan. 1st, 1895, were
$52,410, including rental of fire hydrants. The cost and maintenance
was $12,973, of which $439 was for relaying water mains.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follows :
Personal
Beal
Total Assessed Bate o f Tax
Property.
Estate.
Valuation.
Tear.
per $1,000
$2,150,000
....$8,058,500
$10,208,500
1 8 9 4 ....
$26-20
2,160,000
10,200,000
1 8 9 3 .... . . . . 8,040,000
24-80
2,110,000
10,010,000
1 8 9 2 .... . . . . 7,900,000
25-00
2,110,000
10,040,000
1 8 9 1 .... . . . . 7,930,000
24-20
2,150,000
10,050,000
1 8 9 0 .... . . . . 7,900,000
24-60
1,325,850
5,388,305
1 8 8 6 .... . . . . 4,062,455
41-40
1,243,000
5,416,000
1 8 8 0 .... . . . . 4,173,000
35-81
POPULATION.—In 1890 population was 18,603; in 1880 it was
17,166; in 1870 it was 15,058 ; Police census, 1894, 20,338.

N E W LOANS

N E W LOANS.
PROPOSALS

1117

CHRONICLE,

No. F ifty-Three and No. Fifty-Four (Nos. 63 & 64).
Interest on same will cease on and after said date.
JNO. C. DUFF,
Treasurer o f Choteau County, Montana.

Tames N . Brown & C o.,
J

BAN KERS,

62 Cedar Street,

__ -

NEW Y O R K .

MUNICIPAL, COUNTY, SCHOOL AND
TOW NSH IP BONDS

BOUGHT

AND

W AR
R A N TS
COUNTY, CITY AND

SOLD,
SCHOOL.

JNO. P. DORR & CO., Seattle, W ash.

THE

1118

CHRONICLE.

Otter Tail County, Minn.—This statement regarding the
indebtedness, etc., of Otter Tail County has been corrected to
May, 1895.
County seat is Fergus Falls. All bonds issued by this
county are exempt from taxation.
Tax valuation, real.......$5,101,821
Tax valuation, personal 1,253,426
Total valuation 1893... 6,355,247
Real valuation............... 20,000,000
R e f u n d in g B o n d s 58, J&J, $200,000.......July 1,1904 State & eo. tax per $1,000... .$13-30
Population in 1890 was...... 34,232
Interest payable in New York.
Total debt May, 1 8 9 5 .... $230,000 Population in 1880 was.......18,675
LOANS—

When Due.

J a il B on ds—

6s,M&N, $30,000.......May 1,1905

Titusville, Pa.—Joseph C. Robinson, Mayor.' The figures
o f indebtedness, etc., given below have been corrected to
April 1, 1895, by means of an official report received from
Jules A. C. Dubar, City Comptroller.
This city is in Crawford County.
LOAN S-

Cit y B o n d s—

4s,
4s,
4s,
4s,
4s,
4s,
4s,
4s,
4s,

When Due.

$4,000................................. 1896
2,000..................................1897
20,000................................. 1900
1,100..................................1901
500..................................1903
200..................................1905
26,000...............................19 0 6
33,000................................. 1907
500.............
1908

4s,
4s,
4s,
4s,
4s,
4s,
4s,
4s,
4s,
4s,

I m p r o v e m e n t B on ds-

LOANS—
When Due.
$2,000............................. 1898
8,000.............
1900
10,200..........
1901
10,500............................. 1903
1,300............................. 1904
1,700..............................1905
5,400..............................1906
5,000..............................1907
11,800.....
1908
.....1 9 0 9
1,000.......

VOL. L X

949; of personal property, $16,584; total, $1,359,533. Tax rate (per
$1,000), $17-77. In 1880 total assessed valuation was $1,655,756.
POPULATION.—The population in 1890 was 8,073; in 1880 it w as
9,046; in 1870 it was 8,639.

Tacoma, W a s h .— Edward S. Orr, Mayor. This statement
has been corrected to March 1,1895, by means of the report of
E. V. Benham, City Comptroller.
Tacoma is the county seat of Pierce County.
LOANS-

B r id g e B on ds—

When Due.

5s. J&D, $100,000___June 1,1913

R e f u n d in g B o n d s —

6s, A&O, $350,000..Apr. 15,1911
W ater

and

L ig h t B o n d s—

5g., J&D, $2,080,000,g.J’ne 1,1913
Ci t y H a l l B o n d s 68, A&O, $200,000.... Apr.15,1911
PAR VALUE.—Bonds are for $1,000 each.
INTEREST on the City Hall and refunding bonds is payable at the
office of tbe Mercantile Trust Company, New Y ork ; on other bonds at
the National Union Bank, New York.
T O T A L DEBT.—The following statement shows Tacoma’s total
bonded debt, the floatingdebt, the sinking funds held by the city, and
the net debt, on each of the dates indicated:
Nov. 1, ’93
Mar. 1, ’95.
$2,630,000
Bonded debt....................................................
*440,314
Floating debt.................................................. 1,162,065
Total debt.................................................$3,892,065
21,404
Sinking fund assets..............................

$3,070,314
21,405

Net debt.................................................. $3,870,661
Water debt (included in total)..................... $2,142,267

$3,048,909
$2,080,000

Se w e r B o n d s -

* Less uncollected taxes.
$4,500..............................1901
48, $32,900......................................... 48,
4s,
2,100............................. 1906
W a t e r B on dsASSESSED VALUATION.—The city’s assessed valuation (about 60
S in k in g F u n d B o n d s —
48, $3,000................................ 1897
per cent of actual value) and tax rate have been as follows in the years
4s, 1,000.................................1895 4 s ,........ , $102,500
name '
,--------------Assessed Valuation.--------------> Tax rate
INTEREST is payable by tbe City Treasurer.
Total.
Per $1,000
Personal.
Beal.
T O T A L DEBT, Et c .—Tbe city’s total debt on April 1,1895, was -Years.
$26,452,812
$30 50
$3,603,322
1895 ..................... $22,849,490
$295,514, including’water bonds to tbe amount of $62,400. In 1880 1894 .................. 36,693,986
............
5 00
10 00
41,623,475
4,070,030
1893..................... 37,553,445
tbis city’s total debt was $329,237.
12 00
4,945,162
44,900,455
1
8
9
2
....................
39,955,293
CITY PRO PERTY. —Tbe city owns a water works and electric light
32,218,944
11 50
1891.
plant, and other property and assets amounting to about $354,859.
The tax rate as given above for 1895 includes city tax proper, $17-00
ASSESSED VALUATION.—In 1894 tbe total assessed valuation and all other taxes $13 50.
was $2,100,884; in 1891 it was $1,966,618 and tbe tax rate (per $1,000)
POPULATION.—The population in 1890 was 63,006; in 1880 it was
was $16'34. In 1890 the assessed valuation of real estate was $1,342, i 1 098. Accord ing to local estimate the population for 1895 is 52,000.

N E W LOANS.
BOND CALL.
Lewis & Clarke County, Mont.
OFFICE OF COUNTY CLERK AND RECORDER,
LE W IS AN D CLAR K E COUNTY.
TO W HOM IT M A Y CONCERN :
The Board o f County Commissioners o f Lewis and
Clarke County, in^the State o f Montana, by virtue
o f a resolution dulyjad opted, do hereby give notice
that on the first day(of July, 1895, they will redeem
and pay off. together with the acc ued interest due
on that date, the outstanding bonds o f said county
known asJCourt (House ¡Bonds, to the amount o f
$190,000, at the Third National Bank, in the City o f
New York. Said Court House Bonds being o f two
issues, the first o f $150,000, due July 1st, 1905, op ­
tional after July 1st, 1891, and the second o f $40,000,
due May 1st, 1907, optional after May 1st, 1893; both
issues bearing interest at the rate o f six per centum
per annum, payable semi annually on the first days
Of January and July, and both series being issued
fo r the purpose o f paying for the erection o f a Court
H ouse in said county, under authority o f the laws
o f Montana.
The said Court H ouse Bonds being now due and
payable at the pleasure o f Lewis and Clarke County,
the holders thereof are notified that interest on
these bonds will cease on and after July 1st, 1895,
but that the County Treasurer will at all times
thereafter.be ready to redeem the same on presen­
tation, at their face value, and accrued interest to
July 1st, 1895.
B y order o f the Board o f County Commissioners.
Attest. J. 8. TOOKER, County Clerk.
H e l e n a , Mo n t a n a , June 1st, 1895.
“ Principal and interest o f above bonds will be
paid on said date at either the Third National Bank
as per above advertisem ent or at K ountze Bros, at
th e option o f the hold er.”
By order o f the Board o f County Commissioners.
Attest, J. 8. TOOKER, County Clerk.

City of Peoria, Illinois,
„- 6 Per Cent Special Assessment
^
Bonds.
Proposals will be receeived up to noon July 10th,
1895, at th e office o f the City Comptroller, fo r the
purchase o f bonds issued fo r street paving, and the
construction o f the W est Bluff Sewer System, to the
amount o f $420,000 00, m ore or less. Bonds draw
-per cen t interest and m ature in one, two, three
four, five and six years.
Further particulars may be had upon application.
JACOB HEIM , Comptroller.




NEW L O A NS.

NEW LOANS.

$ 7 ,0 0 0

R O C K W E L L C I T Y , IA. M U N I C I P A L

BONDS

6 Per Cent Water Works Bonds.
There will be sold at auction at the T ow n T reas­
urer’s Office, in the town o f Rockwell City, Calhoun
County, Iowa, on the 15th day o f July, 1895, at 8
o ’clock P. M„ $7,000 o f R ockwell City W ater W orks
Bonds in denominations o f $1,000, interest at 6 per
cent, payable semi-annually on January 1st and July
1st o f each*year.
Bonds dated July 1st, 1895, payable in twenty
years. No optional paym ents.
The Buccesaful bidder will be required to furnish
the blank bonds and deposit $100 when the contract
¡a awarded.
The bonds to be paid fo r with accrued interest on
or before Sept. 1st, 1895.
The right is reserved to reject any or all bids.
F. P. HUFF,
Treasurer o f the Town o f Rockwell Cltv,
Calhoun County, Iowa.

FOR INVESTM ENT.

A R T IC U L A R » UPON APPLICATION.

MKMBL IS OF THE NEW YORK AND BOSTON
STOCK EXCHANGBS.
DEALERS IN COMMERCIAL PAPER.

M O N T G O M E R Y , N. Y., Blake Brothers & Co*,
W A TER W ORKS BONDS.
Sealed proposals will be received until l o ’clock
P. M., Monday, July 1st, 1895, and opened immedi­
ately thereafter, fo r the purchase o f $23,000 coupon
bonds issued fo r the construction o f a system o f
W ater W orks at Montgomery, N. Y.
Bonds will be issued in denominations o f $1,000,
shall be dated and bear Interest from July 1st, 1895,
shall mature July 1st, 1915, and shall bear interest
at the rate o f 4$ per annum, payable semi-annually.
Assessed valuation, $325,000; bonded debt, none.
Population, 1,500.
By order o f the Board.
CHANCEY BROOKS, President.
LY M A N H. T A F T , Clerk.

N. W. H AR R IS & CO.,

3 8 STATE STREET.) ¡BOSTON.

3 NASSAU

ST.. NEW Y O R K .

M U N ICIPA L BONDS
For Investment.
Street, Wykes & Co.,
4 4 W A L L STREET,

BANKERS,

NEW Y O R K

MUNICIPAL AND RAILROAD

NO. 15 W A L L . S T R E E T ,

BONDS

And all Local Securities Bought and Sold.

NEW YORK, BROOKLYN AND JER
SEY CITY BONDS A SPECIALTY.

NEW YORK.
CHICAGO.

-

BOSTON.

W. E. R. SM ITH,

16 BROAD STREET.

-

NEW Y O R K .

h

8 1 0 0 ,0 0 0

Long distance Telephone:

Cable Address:

HU l C O R T L A N D T .”

“ RU DM RATIO N, N . Y .,

B O S T O N , M ASS.,

Haight & Freese,

Registered Park 4 Per Cent
Bonds,

Bankers & Commission Stock Brokers,
S3 B R O A D W A Y , N E W Y O R K .

STOCKS, BONDS AN D GRAU*

Maturing January, 1925.
PRICK AND FU R T H E R PARTIC U LAR S UPON
APPLICATION .

Farson, Leach & Co.,
3 W A L L ST R E E T , N. Y .

1895 .

Aooounts of Banks, Bankers and Individuals
received on favorable terms.
NATIONAL BANK REFERENCES FURNISHED.
Uptown Office, 1132 Broadway.

A Y ear Book

H O L M E S & C O .,

FINANCIAL INFORMATION,

-

-

OP

NEW . Y O R K .

275 P A G E S.

BAN KERS AND BROKERS.
Members o f the N. Y . Stock Exchange.
and all seouritles that are dealt in on the
New York. Chicago, Philadelphia or
Boston Stock Exchanges, bought
and sold fo r cash or car­
ried on margin.

C. H. White & Co.,

Grand Union H otel, Saratoga.

C. H . Van Buren & C o.,

BANKERS,

72 B R O A D W A Y , N E W Y O R K .

B A N K E R S AND B R O K E R S ,

Mortgage

60 B R O A D W A Y , M E W Y O R K .

Railroad Bonds.

FIMczlss A g en ts W a n ted

L IS T S M A IL E D .

B y a F IR S T -C L A S S COM PANY. '
L IB E R A L C O N TRACTS.

UNEXCELLED POLICIES

W . N. Coler & Co.,
BANKERS.

M U N IC IP A L BONDS.
34 N ASSA U STREET.

INCORPORATED 1848.

Union Mutual
Life Insurance Company,
Portland, Maine.
Address eith er:
EDSON D. SCOFIELD, Supt.,54 William St.,N.Y.City
THORNTON CHASE.Supt.,84: Adams 8t..Chicago,lll.

The Texas Land &Mortgage
Company, Ltd.

High-Grade
C IT Y , C O U N TY AN D S T A T E

BONDS,

CAPITAL,

.

.

.

$ 2 ,5 0 0 ,0 0 0

This Company is prepared to undertake th e col­
lection o f loans and interest in Texas and to report
upon foreclosed and other properties. A pply to

C. E. W ELLESLEY,

Netting 4 to 7 Per Cent Interest.
W e m ake a specialty o f High-Class
suitable fo r permanent Investment,
Correspondence solicited.

C O N T E N T S *

Investment Stocks & B onds,drain,Cotton,

3 W all Street, New York.

Securities

P. O. Drawer M. M.,
D a l l a s , Texas,
Or to the Office in England, 2 Suffolk Lane, London.

Littell’s Living Age

SPRAIN, DICKINSON & CO., Bankers,
10 W all Street, New York.

M O R T G A G E LO AN S

for

October, November and December, 1894
TH IR TEE N W E E K L Y ISSUES,

IN

Forming an Octavo Volume of 824 Pages

TE X A S.

T o every N EW subscriber fo r the year 1895

ABSOLUTELY F R E E .

7 Per Cent and 8 Per Cent Net.
NO COMMISSIONS charged borrow er or lender
until loans have proven good.

FR AN CIS S M IT H &, CO.,
_________ W A N 'A N T O N I O . T E X A S . __________

W. J. Hayes & Sons,
BANKERS,

Dealers iniM U N ICIP A L BON D S,
Street Railway Bonds, and other^high grade In­
vestments
BOSTON, MASS.,
Cleveland, Ohio,

Exchange Place.
3 1 1 -3 1 3 Superior St.
Cable Address. “KENNETH.”

Fred. M. Smith,
70 SOUTH STREET,

AUBURN, M EW Y O R K .
Makes specialty o f Bank Stocks, Municipal and
W ater Bonds and furnishes Solicited Inform ation




(ANNUAL.)

INVESTMENT BONDS.

M UNICIPAL BONDS,

First

Financial Review.

TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.

61 B R O A D W A Y ,

BANKERS,

TR E

Bought and Sold at 1-16 Commission.
Special attention given to out-of-town as
counts.

W HANN & SCHLESINGER,

and

guMijcatijcms.

ffiuattcial.

NEW LOANS.

City, County

1119

THE CHRONICLE

June 22, 1895.]

OBSERVE ! T h e L i v i n g A g e is a W e e k l y
M a g a z i n e giving fifty-tw o numbers o f sixty-four
pages each, or m ore than T h r e e a n d a Q u a r t e r
T h o u s a n d double-colum n octavo pages o f reading
matter, yearly, form ing f o u r l a r g e v o l u m e s filled
with the ripest thought o f

The blest Minds of the Age.
It gives In convenient form a com plete com pila­
tion o f the world’s choicest literature; E ncyclopedic
in its Scope, Character, Comprehensiveness and
Completeness, selected from the vast and varied
field o f

Foreign Periodical Literature.
Published Weekly at $ $ .0 0 Per Year,
(Free o f Postage.)
Specimen copies of The Living A ge, 16 cents each.
U^-Rates fo r clubbing T h e L iv i n g A ge with other
periodicals will be sent on application. Address,

*

LITTELL & CO.. Boston.

Retrospect o f 1 8 9 4 .
B a n k Clearings and. Speculation.
L istin gs o f Securities on the N ew
Y o r k Stock E x ch a n g e .
B u sin ess F a ilu re s In 1 8 9 4 .
B an k in g a n d F in a n c ia l—
Government Bond Proposals—Amount of
Subscriptions and List of Subscribers.
New York City Bank Movements.
Crop a n d Other P rod u ctio n s.
TheY eai’ s Crops.
Pig iron Production.
Anthracite Coal Production.
Great B rita in —M ercan tile a n d F in a n ­
c ial A ffairs.
Commercial and Financial Review for 1894.
T rad e a n d Com m erce—
Tbe Exceptional Character of our Foreign
Trade in 1894.
Values of Exports and Imports of the
United States and tbe Trade Balance
for 30 years, 1865-1894.
Exports of Leading Articles of Domestic
Produce for Three Years.
Imports of Leading Articles of Merchandise
for Three Years.
Comparative Prices of Merchandise, 1860,
1879 and 1891-95.
(foreign E x c h a n g e Prices in New York in 1893 and 1894.
Gold an d S ilv e r Review of Gold and Silver Production.
Product of Gold in Australasian Colonies.
World’s Gold Production since 1870.
World’s Silver Production since 1870.
Investm ents—
Compound Interest Table, Showing Accu­
mulations of Money in a Series of Years.
Table Showing the Rate Per Cent Realized
on Stocks Purchased at different price*.
United States Debt and Securities—
Debt of the United States, 1793-1894.
Highest and Lowest Prices of U. S. Bonds,
monthly, 1860-1894,
State Securities.—
Highest and Lowest Quotations of State
Securities, 1860-1894.
R ailroads an d th eir Securities—
Railroad Statistics for the United States.
Railroad Earnings in 1893 and 1894.
Railroad Bonds in New York, 1890-1894—
Highest and Lowest Prices Monthly.
Railroad and Miscellaneous Stocks in New
York, 1890-1894—Highest and Lowest
Prices Monthly.
Railroad Bonds m Boston, 1894—Highest
and Lowest Prices Monthly.
Railroad Stocks in Boston. 1894—Highest
and Lowest Prices Monthly.
Railroad Bonds in Philadelphia, 1894—
Highest and Lowest Prices Monthly.
Railroad Stocks in Philadelphia, 1894—
Highest and Lowest Prices Monthly.
Railroad Bonds in Baltimore. 1894—High­
est and Lowest Prices Monthly.
Railroad Stocks in Baltimore, 1894—High­
est and Lowest Prices Monthly.
A p pen d ix—
I nvestors’ Supplement.—(Issue of January
26,1895, Bound up with the R eview .)

Bound In red doth,

0®

To Chronicle Subscriber»,E- - - - - 1 50

W M . B . D AN A COM PANY,
P U B L IS H E R S ,
P in e

S t ., € o r . P e a r ly S t ., N e w Y o r k .

1120

THE

CHRONICLE,

IV ol. LX,

%xust ©ompauißs.

New York Guaranty &
^Indemnity Co.,
65 CEDAR STREET, N. Y „
Mutual Life Building.

C A P IT A L ,- - $ 2 ,0 0 0 ,0 0 0
SU R PLU S,- -$ 1 ,5 0 0 ,0 0 0
IS A TRUST COMPANY UNDER THE BANK­
ING ACT AND TRANSACTS ALL TRUST COM­
PANY BUSINESS.
I

b

a l e g a l d e p o s i t o r y o f t r u s t fu n d s .

Acts as Trustee, Transfer Agent, or Registrar for
Corporations.
Acts as Executor, Administrator, Guardian, or
Trustee of Estates.
ALLO W S INTEREST ON DEPOSITS
subject to check.
WALTER G. OAKMAN, President
ADRIAN ISELIN, J b . , Vice-President
GEORGE R. TURNBULL, 2d Vice-President
HENRY A. MURRAY, Treas. and Sec.
J. NELSON BORLAND, Assist. Treas. and Sec.
DIRECTORS.
Samuel D. Babcock,
Adrian Iselin, Jr.,
George F. Baker.
Augustus D. Juilliard,
George S. Bowdoln,
James N. Jarvie,
Frederic Cromwell,
Richard A. McCurdy.
Walter R. Gillette,
Walter G. Oakman,
Robert Goelet,
Alexander E. Orr,
G. G. Haven,
Henry H. Rogers,
Oliver Harriman,
Henry W. Smith,
R. Somers Hayes,
H. McK. Twombly,
Charles R. Henderson, Frederick W. Vanderbilt
William C. Whitney.

U nM

plates

INVESTMENTS IN THE SOUTH.

*

T R U S T CO. *

234 FIFTH AVENUE, COR. 27TH STREET.
Bratifch Office, 66 Broadway, New York.
CAPITAL, $ 1 ,0 0 0 ,0 0 0 00
DESIGNATED LEGAL DEPOSITORY.
Interest Allowed on Time Deposits.
Checks pass through N. Y. Clearing-house.
Acts as Executor, Guardian or Administrator of
Estates, and as Receiver, Registrar, Transfer and Fi­
nancial Agent for States, Railroads and Corporations
Money to Loan on Bond and Mortgage.
ROBERT MACLAY, President.
CHARLES T. BARNEY. Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
DIRECTORS s
Joseph S. Auerbach,;
E. V. Loew,
Harry B. Hollins.
Henry F. Dimock,
Jacob Hays,
John P. Townsend
Charles T. Barney,
Charles F. Watson,
A. Foster Higgins,
David H. King, JrM
Robert G. Remsen,
Frederick G. Bourne,
Henry W. T. Mali,
Robert Maclay,
Andrew H. Sands,
C. Lawrence Perkins,
James H. Breslin,
Wm. H. Beadleston,
Gen. George J. Magee, Cbas. R. Flint.
I. Townsend Burden.
Alfred L. White,!
FRBD’K. L. KLDRIDGB. Secretary.
J. HENRY TOWNSEND, Assist. Secy.

& © m a t (| tr .

5 9 CEDAR ST., NEW Y O R K .
CAPITAL
. . .
$ ¿ ,0 0 0 ,0 0 0 .
S URP L US . . . .
70 0 ,0 0 0 .
Transacts a General Trust Business.
Loans Money on Bond and Mortgage.
Issues First Mortgage Trust Gold Bonds.
Takes entire charge of Real Estate.

Legal Depositary for Trust, Court, and
S tate Funds. Allows Interest on Deposits.
Executes all Trusts.
OFFICERS.
George W . Young, President.
Luther Kountze, .
Vice-President.
James Timpson,
« 2d Vice-President.
Arthur Turnbull, .
Treasurer.
W illiam P. Elliott, . . .
Secretary.
Clark Williams, Asst. Sect’ y and Treas.
EXECUTIVE COMMITTEE.
Charles D. Dickey, Jr.,
Gustav E. Kissel,
Theodore A. Havemeyer, Luther Kountze,
Charles R. Henderson,
James Timpson.
Richard A. McCurdy.
DIRECTORS.
Samuel D. Babcock,
William Babcock,
Gustav E. Kissel,
Dumont Clarke,
• Luther Kountze.
Charles D. Dickey, Jr.,
Charlton T. Lewis,
Lewis May,
William P. Dixon,
Theodore Morford,
David Dows, Jr.,
Richard A McCurdy,
Robert A. Granniss,
Robert Olyphant,
Theo. A. Havemeyer,
William W. Richards,
Charles R. Henderson,
James J. Hill,
James Timpson,
Gardiner G. Hubbard,
George W. Young.

Im provem ent on all Others
as to Security
A R K THE V A U L T S OF THE

National Safe Deposit Co,
of New York.
THE MUTUAL LIFE BUILDING,
82 LIBERTY STREET.

Sates $5 to $300 per year.
Inspection Invited.
INEW Y O R K AND BROOKLYN

FINANCIAL
T R U S T C O ’S STOCKS.
Specialties for Twenty-five Years.
Dealt in by

JAM ES W. NOYES,
(S u c c e s s o r t o W

9 « B R O A D W A Y,

il l ia m

-

-

C . N o y e s ,)

NEW YO U

Active and Local Securities bought and sold to ad­
vantage. Atlantic Mutual Scrip. Circulars

J. P. Wiutringham, 36 Fine St., N. Y




CHARLESTON, S. C.
Paid-up Capital,
'$ 1 09,0 00
Authorized Capital,
$ 1 ,000 ,00 0
Transacts a General Banking and Trust
Business, Interest Allowed on Deposits.
INVESTMENTS MADE IN SAFE AND RELI­
ABLE INT EREST-PA YING SOUTHERN SECU­
RITIES, AND FIRST MORTGAGES ON IM
PROVED REAL ESTATE IN CITIES.
Correspondence solicited as to all Southern Invest
ments. Being within easy reach of all parts of tee
South, thorough and careful Investigation tot
purchasers can be made of all investments.^!
OFFICERS.
GEO. B, EDWARDS, President.:
P. N. PICKENS, Cashier.
R. E. MUCKBNFUSS, Secretary and Treasurer
J. LAMB PERRY, Solicitor.
8MYTHE A LEE, General Counsel.
DIRECTORS.
A. 8. J. P e r r y , of Johnston, Crews A Co., wholesale
dry goods.
William M. bird , of Wm. M. Bird A Co., wholesale
paints and oils.
James A llan of James Allan A Co., Jewelers.
J. H. F. K o e n i g with Knoop, Freriohs A Co., ootton
S io .K Edwards Pres. Electric-Light A Power do

Title Guarantee & Trust Missouri Kansas & Texas
Trust Co.,
Co. of Chicago.
(The first Guarantee Company organized in Chicago.)

LA SALLE S T R E E T ,
S, W . Cor. Washington Street.

o r fp p

Exchange Banking & Trust
Comuanv,

Capital paid up..................... $1,600,000
Undivided Earnings, includ­
ing surplus...........................
301,000
Makes Abstracts o f Titles.
Guarantees Titles to Beal Estate.
Transacts a General Trust Business.
This Company is authorized by law to act as
REGISTRAR OF STOCKS AND BONDS, ADMIN
I8TRATOR, EXECUTOR, GUARDIAN, TRUSTEE,
RECEIVER AND ASSIGNEE, and has deposited

$ 200,000

with State Auditor as a seourity fund.
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 i e s k e p t sep ­
a r a t e PROM THE A SSET S OP THE C O M P A N Y .

Prom pt Service.
Reasonable R ates.
Correspondence Solicited.
OFFICERS
G w y n n G a r n e t t , Prest. A. H. S e l l e r s , V.-Prest
A. A. S t e w a r t , Secy.
C. R. L a r r a b e e , Treas.
F r a n k H. S e l l e r s , Trust Ofiftcer.
DIRECTORS:
A. H. Sellers,
John DeKoven, John P. Wilson,
W. D. Kerfoot, Sam. B. Chase, Edson Keith,
Chas. W. Drew, John J. Herrick, John G. 8hortall
Gwynn Garnett,
Horace G. Chase.
COUNSEL:
John P. Wilson,
A. M. Pence,
A. W. Green

The
EquitableTrust Company
18 5 D E A R B O R N S T ., C H IC A G O .

CAPITAL, PAID UP, - - - - $500,000
S U R P L U S ,............................... 100*000
AUTHORIZED BY LAW TO RECEIVE and exoute trusts of every character from courts, corporat on« and individuals. Takes entire charge of estates.
*«al and personal. Aots as agent for the registra­
ti in and transfer of bonds and stocks and the par­
ia int of coupons, interest and dividends. A legal
repository for court and trust funds.
INTEREST ALLOWED ON DEPOSIT*)! money
vhieh may be made at anytime and withdrawn after
ive days’ notice, or at a fixed date.
TRU8T FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets of th
Sompany,
DIRECTORS:
AZBL F. HATCH,
CHAS. H. HULBURD,:
GBO. F. JENNINGS.
BENJAMIN ALLEN,
M. W. KBRWIN,
MAURICE R08BNFRLD,
I. a. WALSH,
8AMUBL D. WARD,
OTTO YOUNG
OFFICERS
), U. WALSH, President.
CHAS. H. HULBURD, Vice-President.
SAMUEL D. WARD, Treasurer,
LYMAN A. WALTON, Secretary

KANSAS C IT Y , MO.
BRANCH OFFICES:
30 W all Street, New York.
4 0 0 Chestnut Street, Phlla
29 7 Heerengracht, Amsterdam, Holland
P aid C ap ital..........$ 1 ,2 8 0 ,0 0 0
S u rp lu s..................... .
4 0 0 ,0 0 0
ARTHUR B. STILLWELL, Pres
BOARD OF DIRECTORS:
J. McD. Trimble, C. A. Dean,
E. L. Martin,
W. S. Taylor,
A. E. Stillwell, A. A. Mosher,
B. F. Hobart, J. B. McKeighan, H. A. Lloyd,
C. E. Granniss, Chas. Clark,
E. P. Merwin,
W. H. Lucas,
A. Heckscher, Wm. Waterall,
W. D. Black,
E. W. Marsh, Dr. H. M. Howe
E. Henry Barnes.

Central Trust & Safe Deüosit
C O M P A N Y,
2 7 W . Fourth St„

-

CINCINNATI. O

Acts as Trustee under Mortgages of Corporations
as Agent for Transfer and Registry of Stock; as
Exeoutor, Administrator and Guardian of Estates.
Allows Interest on Savings Deposits.
f in a n c ia l

IN VE S TM EN T D EP A R TM EN T

T H E C IT Y BANK,
B U F F A L O , N. Y .
Local and other Investm ent Securities
R ought and Sold

S T R IC T L Y ON COMMISSION

The Mutual Benefit
LIFE INSURANCE CO., N E W A R K , N. J.
AMZI DODD, President.
Assets (Market Values) Jan. 1,1896........ {65,064,388
Liabilities (N. Y. and Mass. Standard).... 51,813,863
Surplus..................................................... 3,860,636
Surplus, by former N. Y. Standard, (Am.
Ex. 4i&per cent Reserve)...................... 0,728,887
POLICIES A B S O L U T E L Y NON- FO RFEITABLK A F T E R
SECOND Y E A R .

In Case of Lapse the Policy is c o n t i n u e d i n f o r c e
as long as its value will pay for; or if preferred, a
Cash or Paid-up policy Valuéis allowed.
A fte r

t h e se c o n d y e a r P o lic ie s a re

in c o n t e s t ­

a b l e , a n d all restrictions as to residence, travel or
occupation are removed.

The Company agrees in the Policy to Loan up to
the Cash Surrender Value when a satisfactory as­
signment of the Policy is made as collateral seourity.
L o s s e s p a id im m e d ia t e ly u p o n c o m p l e t i o n a n a
a p p r o v a l o f p r o o fs .

Gilman, Son & Co.,
BANKERS,
N o. 0 2 C E D A R S T R E E T ,
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment Se­
curities,____________
__
______

R. T . Wilson & Co.,
BANKERS AND COMMISSION MERCHANTS
33 W a ll Street, New York,

TH E

J une 22,1895

Jusuratxce. «

CHICAGO.

FINANCIAL.
W R IG H T C. STOUT.

H O W A R D A . H A VE N .

Loeb

&

Gatzert,

HAVEN & S T O U T ,

MORTGAGE BANKERS,

BANKERS AND BROKERS,

135 L A S A L L E S T R E E T , C H IC A G O

2 Exchange Court,

-

-

NEW Y O R K ,

Buy and Sell Railroad Stocks and Bonds
on Margin or for Cash at l-16th
per cent Commission,
Members o f the Consolidated E xch an ge.__

C LAPP

OFFICE OF THE

First Mortgages fo r sale In large and small amount*
netting Investors 6 ,6J^ and 6 per cent, secured by
Improved and Income-bearing Chicago city property.

Principal and Interest payable la Gold.
A. O. SLAUGHTER, Member N. Y. Stock Exchange
W M. V . B AK ER , Member Chicago Stock Exchange

IN S U R A N C E CO.

& COM PANY A. O. Slaughter & Co.,

M IL L S B U IL D IN G ,

-

NEW Y O R K ,

SOLICIT ORDERS IV

S to c k s , C otto n , G r a in a n d P r o v is io n s .
Branoh Offioes:
_
.
, .
877 Broadway, (Corner Chambers Street.)
621 Broadway, (Cable Building, cor. H ouston.)
768 F ifth A ve., cor. 68th St. (under Plaza Bans..;
DEPOSITS RECEIVED S% INTEREST A LLOW ED

Hatch & Foote,
BANKERS,

No. 3 NASSAU STREET, NEW YORK,
INVESTM E hT SECURITIES.

BAN KERS,
1 1 5 -1 1 7 L A S A L L E S T R E E T ,

CH ICAG O , IL L S.
Chicago Securities Bonght and Sold.

D /M JO C
D U iN U O

YIELDING AN INCOMB

4%

to

6%

CITY, MASON, L^WIS it CO. Bankers
COUNTY
171 LA 8ALLE 8TREET,
SCHOOL SEND FOB LISTS.
CHICAGO

A . G. Becker & Co.,
(incorporated)

eAj.JlH).fCa&ebi&Co

COM M ERCIAL PAPER

BANKERS,

151 La Salle St., Chicago. III.

W ALL

A T L A N T IC M U T U A L

CORRESPONDENCE SOLICITED.

BANKERS,

18

xl| I

CHRONICLE.

STREET, N EW

YORK.

Established. 1 8 6 5 .
MEMBERS OF NEW .'YO RK STOCK EXCHANGE.
A llow Interest on deposits subject to sight check.
Buy and sell on com m ission stocks and bonds either
fo r cash or on margin, and deal In

Investment Securities.

A . M. Kidder,
H. J. Morse,

Chas. D. Mahviv ,
W. M. Kidder.

Jamieson & Co.,
STOCKS—BONDS,
Members New York and Chicago Stock Exchange«

1ST DEARBORN STREET.
Chicago. Ilia.
Private wire to New York and Philadelphia.

0. W . Haskins,
No. 2 Na s s a u St r e e t .

E. W . Sells,
-

Ne w Y o r k .

Offer their services to make
P E R IO D IC A L A N D S P E C IA L
E X A M IN A T IO N S O F A C C O U N TS AND
RECORDS,
IN V E S T IG A T IO N S O F A F F A I R S ,
and to introduce
S IM P L E A N D E F F IC IE N T M E T H O D S
O F A C C O U N T IN G .
Over twenty years experience in the Operating
A ccounting and Financial Departments o f Railways
and other corporations, and have
I n v e s t ig a t e d a n d R e v is e d th e A c c o u n tin g
S y s t e m o f t h e U n it e d S t a t e s G o v e r n m e n t .

Bliss, Fabyan & Co.,
NEW Y O R K , BOSTON,PHILADELPHIA.
BULLING AGENTS FOR LEADING BRANDS
BROWN and BLEACHED SH IRTING !
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, * 0
Towels, Quilts, White Goods and Hoslsry

Drills. Sheeting*, die., for Export Trade.

W ALSH

& FLOYD ,

3 6 Broad Street,

STOCK

I860.

1895.

The United States Life
Insurance Co.
IN T H E C IT Y OF NEW Y O R K .
This old and reliable Company now has the exper­
ience o f forty-five years o f practical L ife Insurance,
which has taught It that the sine qua non o f success
Is the adoption o f good plans o f insurance, and the
pursuit o f a liberal policy towards noth Its Insured
and its Agents. These essentials it possesses In an
eminent degree, but Judiciously tempered by that
conservatism which is the best possible safeguard of
the policy-holder. Its contracts are Incontestable
after two years. They are non-forfeiting, providing
generally fo r either paid-up policy or extended in­
surance, at the option o f the policy-holder. It gives
ten. days o f gr&co in payment o f all premiums. Its
course during the past forty-five years abundantly
demonstrates Its absolute security.

A ctive m id su ccessfu l A gen ts, w ishing to rep­
resen t th is C om pany, m ay com m unicate
w ith the P resid en t at the H om e Office,
2 6 1 B roadw ay, New Y ork.
OFFICERS:
G E O R G E H . B U R F O R D ................. President
C. P. F R A L E IG H ......................... ............S e c r e t a r y
A W H E E L W R IG H T ................. Assistant Secretary
W M. T. 8TAN D BN ............................................. Actuary
A R T H U R C . P E R R Y ...................... •••••••••••-Cashier
JOHN P. MUNN............................... Medical Director
FINANCE COMMITTEE:
GEO. G. W ILLIAM S...............Pres. Chem. Nat. Bank
JOHN J. TU CK ER............................
Buiffier
E. H. PERKINS, JR,, Pres. Imp. & Traders’ Nat. B’l
JAMES R. P L U M ...............................................Leathe

GENUINE
WELDED CHROME STEEL AND IRON

CHRONICLE VOLUM ES.

Round and Flat Bars and 5-ply Plates and Angles
FOR SAFES, VAU LTS, &C.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.

CHROM E! S T E E L W O R K S ,
A second-hand set from 1880 to date in good order,

POOR'S MANUAL
COMPLETE SET.
A P P L Y "T O

W ILLIA M B. DANA COMPANY,
i * 6 fc P IN E S T R E E T , N E W Y O R K .




Total Marine Premiums........ $3,867,436 39
Premiums marked off from 1st
January, 1894, to 31st Decem­
ber, 1894______ _______. . . . . . $2,840,284 98
Losses paid during the
same period....................$1,411,292 89
Returns of Premiums
and Expenses...........$624,154 64
The Company has the following assets, viz.:
United States and City o f New
York Stock: City Banks and
other Stocks............................. $8,247,455 00
Loans secured b y Stocks and
otherwise .................................. 1,043,500 00
Real Estate and Claims due the
Company, estimated at............ 1,009,845 30
Premium Notes and Bills Re­
855,69314
ceivable .....................................
Cash in Bank.............................. ® 184,238 44
Am ount.................................. $11,340,731 88
SIX PER CENT INTEREST on the outstand­
ing certificates of profits w ill he paid to the
holders thereof or their legal representatives
on and after Tuesday, the fifth of February
next.
FIFTY PER CENT o f the outstanding certifi­
cates of the issue of 1890 will he redeemed and
paid to the holders thereof, or their legal rep­
resentatives, on and after Tuesday, the fifth of
February next, from which date interest o n .
the amount so redeemable w ill cease. The
certificates to be produced at the time o f pay­
ment and canceled to the extent paid.
A DIVIDEND OF FORTY PER CENT Is
declared on the net earned premiums o f the
Company for the year ending 31st December,
1894, for which certificates will he issued on
and after Tuesday, the seventh of May next.
By order of the Board,
j . H . C H A P M A N , S ecreta ry .

SECURE BANK VAULTS.

BROKERS,

FOR SALE.

N e w Y o r k , January 22,1895.
Tlie Trustees, in conformity with the Charter
o f the Company, submit the following state­
ment of its affairs on the 31st of December«
1894.
Premiums on Marine Risks from
1st January, 1894, to 31st
December, 1894....................... $2,760,920 62
Premiums on Policies not
marked off 1st January, 1894 1,106,515 77

Kent Ave., Keap & H ooper Sts.,
Sole Man’f ’ers in the U. 8. B R O O K L Y N » N . V

SEARSSuccessors
& Wto H ITE ,
EUGENE R. COLE,

S T A T IO N E R S A N » P R IN T E R S .

Supply Banks, Bankers, Stock Brokers and Cor
porations with com plete outfits o f A ccoun t Books
and Stationery.
I T S ew concerns organizing will have their orders
promptly executed.

MO. 49 B R O A D S T R E E T .

TRUSTEES:
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
James G. De Forest,
William DeGroot,
William H. Webb,
Horace Gray,
Charles P. Burdett,
Henry E. Hawley,
William E. Dodge,
George Bliss,
John L. Riker,
C. A. Hand,
John D. Hewlett,
Gustav Amsinck,
N. Denton Smith,
«

Charles H. Marshall,
Charles D. Leverioh,
Edward Floyd-Jones,
George H. Maoy,
Lawrence Turnure,
Waldron P. Brown.
Anson W. Hard,
Isaac Bell,
Joseph Agostini,
Vernon H. Brown,
Christian de Thomsen
Leander N. Lovell,
Everett Frazar,
William B. Boulton,
George W. QulntarO,
Paul L. Thebaud,
John B. Woodward,
George Coppell.

J. D. JONES, President,
W. H. H. MOORE, Vioe-PreaMfiBfc
»

»

D

i m

v

0 .1 T T I

I T*

II111,M l*

THE

x JI

CHRONICLE,

[V ol LX.

©octtou.

©ottero.

W OODW ARD
& S T IL L M A N ,

Ifitmtcial.
Walter T. Hatch,
Henry Prescott Hatch,
Arthur Melvin Hatch
Members o f N. Y . Stock and Produce Exchanges.

IN M A N ,S W A N N & C o

MERCHANTS,

NEW YORK.

96 Broadway & 6 Wall St., New York.
Dealers in investment stocks and bonds.
Personal attention given at the N. Y. Stock E x­
change fo r the purchase and sale on commission o f
stocks and bonds fo r cash or on margin.
Interest allowed on deposits, subject to draft at
sight.

COTTON MERCHANTS,

16 to 22 W ILLIAM S TR E E T,

W. T. Hatch & Sons?

Mew Y o rk .

COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
LXH m a n , St e r n & Co., Limited, New Orleans, La.
L e h m a n -D u r r Co ., Montgomery, Ala.

LEHMAN
commission

BROS.,

m er c h a n ts

-R IO R D A N & CO .,

F. H. Prince & Ccx,

,

Nos. 16 22 William Street,

Cotton, Grain, Stocks.

NEW YORK.
MEMBERS OF THE STOCK, COTTON, COF­
FEE AND PRODUCE EXCHANGES,
NEW YORK.

;

BANKERS,

B O S T O N , MASS.

COTTON EXCHANGE,
HIGH GRADE INVESTMENTS

NEW YORK.

Orders executed on the above Exchanges as well

as In New Orleans, Chicago and foreign markets.

Hubbard Bros. & Co.,
COFFEE EXCHANGE BUILDING,

NEW Y O R K .

Members o f New York and Boston Stock Exchanges

Henry Hentz & Co.,
com m ission

m erch ants,

Cotton Commission Merchants.

16 to 2 2 William St., New York.

Members o f New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange
New York Coffee Exchange, Chicago Board o f Trade;
Orders executed on the Exchange also fo r pur­
chase and sale o f cotton fo r future delivery In New
Orleans and Liverpool. Liberal advances made on
cotton consignments.

EXECUTE ORDERS FOR FUTURE D E L IV E R Y

COTTON,

R. A. Lancaster & Co.,

A t the New York, Liverpool and New Orleans
Cotton Exchanges. A lso orders for

BANKERS,

No. 10 W A L L S T R E E T ,

COFFEE,

PRICE, REID <fe CO.,
Norfolk, Va.

•A t the New York Coffee Exchange, and

Special attention given to orders fo r cotton fo r
foreign or domestic shipment.

NEW YORK.

G R A IN AND PROVISIONS,

DEALERS IN

A t the New York Produce Exchange
and the Chicago Board o f Trade.

INVESTMENT and MISCELLANEOUS

J.

O. B

lo ss.

G eorge

h

. Ch u rch .

J. O. BLOSS & CO.,
COTTON

Hopkins, Dwight & Co.,

MERCHANTS,

COTTON, COTTON-SEED OIL

2 2 W illiam Street,
_______________ NEW Y O R K ._______

Geo. H. McFadden & Bro.
Co t t o n m e r c h a n
PH ILA D ELP H IA.
L

_

„

e

.

W

m.

R

a y

.

b

.

f

. E

vans,

S p e c ia l.

Geo. Copeland & Co.,

T

Pa

u l

Sc h w

g. a . f a t m a n , Special.

arz.

Fatman & Schwarz,
COTTON

C O M M IS S IO N

Members New York Cotton, Coffee and
Exchanges.
G eo . W . B a i l y .

Produce

J. A . M o n t g o m e r y ,

Geo. W. Baily & Co.,
COMMISSION MERCHANTS,
COTTON AN D N A V A L STORES.

Cotton Exchange Bldg.

NEW YO R K .

E xecute Orders fo r future Delivery o f Cotton.
Correspondence invited.

C O TTO N

AND CRAIN

A. S. Van Wickle,
B AN KER,

art

-W

ortley

.

Price, McCormick & Co.

STOCK BROKERS,
D R E X E L BUILDING, P H IL A D E L P H IA .
w ? i i vate wir®* ‘ P NeX York Stock and Cotton
Exchanges and Chicago Board o f Trade.




INVESTMENT SECURITIES.',

IJXisjcjellatijtons.

No. 72 Broadway, New York.
M em bers: New York Stock Exchange.
New York Cotton Exchange.
New York Produce Exchange.
Chicago Board o f Trade.

:J.. Spencer Turner,
SUCCESSOR TO

Brinckerlioif, Turner Jk Co.,
»'M A N U F A C T U R E R A N D D E A L E R IN

Jos. O. Osgood,
M. A m . Soc. C. E.
Consulting Engineer.
Reports on Investm ent Properties fo r Bankers
and Investors.
Examinations in regard to physical condition and
character, earnings, management, needs, value, etc.

Railroad Location and Construction.

120 BROADWAY,

-

■ NEW YORK.

C Q T T O N S A IL D U C K WM. FRANKLIN H A LL
A N D A L L K IN D S OF

COTTON CANVAS FELTING DUCK,
# 3 A R COVERING BAGGING,
*
RAVENS DUCK, SAIL TW INE, &C,
POPE “ A W N IN G ” STRIPES.
A

gent

^UNITED STATES BUNTING CO.

BOOKS

ACCOUNTANT AUDITED

New form s designed fo r books o f account.
Settlem ent o f Insolvent E states.
418 Exchange Building, 53 State Street, B oston

,-A? full supply, all W idths and Colors, always in
stock.

1 0 9 D uane Street, N ew Y o r k .

FOR FU TURE DE LIV ER Y.

Frederick Paxson & Co.,

No. 1 BROADWAY, NEW YORK,

BANKERS AND BROKERS,

M ERCH AN TS,

1 William Street, New York.

Colorado Mining Stocks a Specialty.

heo.

W . G . M cCo r m ic k .

COTTON B R O K E R S ,
120 Pearl Street,
New York.
Cotton landed at mills from Southern markets
specialty. Orders fo r future delivery contrae
executed on New York Cotton Exchange.

Lucius Hopkins Smith,
Samuel Hopkins.
H . P r ic e ,
R . G . M . St u

BANKERS AND BROKERS,
C olorado Springs, C olorado.
Colorado Mining Stock Quotations furnished “ The
Commercial and Financial Chronicle.”

N EW YORK.
Gustavus C. Hopkins,
Charles D. Miller,

Frederic Zerega dk Co.
Co r r e sp o n d e n t s,
OlcPadden, Zerega & Co.

M. T . M a in

MERCHANTS.

Room 52, Cotton ExchangelBuilding.

,

Co r r e s p o n d e n t s ,

iv e r p o o l

Bremen

ts

William P. Bonbright & Co.,

AND

SOUTHERN PRODUCE

COMMISSION

SECURITIES.

Southern Securities a Specially.

Fifth Avenue Hotel,J

t %
,

M adison Square, N ew Y o r k .

The* largest, best appointed and m ost liberally
managed hotel in the city, with the m ost central
ancraelightful location.
HITCHCOCK, DARLING & CO.

John 0. F. Randolph, E, M.
(School o f Mines Graduate, 1869.)

Consulting Mining Engineer15 BROAD STREET, NEW Y O R K .
CABLB A d d r e ss , RHOSGOG, N e w Y o r k .