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H U N T ’S
MERCHATNTS’
¡g i
S ttfe tltlg
M A G AZIN E ,
fjU n n s p a t K * ,
REPRESENTING TH B IN D U STR IA L A N D COMMERCIAL IN TERESTS OF TH E U N ITE D STATES.
[Entered
to Act of Congress, in the year 1892, by W m . B. Dana & Co., in the Office of the Librarian of Congress, Washington, D. O. ]
Iptmrtcial.
Jfitranxi&I.
A M ER IC A N
B a n k N o te C o m p a n y ,
78 TO 86 T R I N I T Y P L A C E ,
NEW YORK.
Business Fou nded 1795.
incorporated under Laws o f the State o f New York, W M *
R eorga n ized 1879.
SO LID
Ip n m ic ia X .
S IL V E R
S A N K N O T E S , S H A K E C E R T IF I C A T E S , B O N DS
f O U G O V E R N M E N T S A N » C O R P O R A T IO N S ,
D R A F T S , C H E C K S , R IL L S O F E X C H A N G E ,
S T A M P S , «fee-. In th e flueat- and moat urtletio style
FR O M STEEL PL A T E S,
S A FETY PAPERS.
Broadway & 19th St.,
DEALERS IN
A N D 9 M A ID EN L A N E .
INVESTMENT and MISCELLANEOUS
SECURITIES.
Southern Securities a Specialty*
The National Park Bank
o f New York.
$ 2 ,0 0 0 ,0 0 0
C apital,
Surplus,
$ 2 ,8 0 0 ,0 0 0
W o r k E x ecu ted in F ir e p r o o f B u ild in g s .
LITHOGRAPHIC AND TYPE PRINTING.
R A I L W A Y T I C K E T S O F IM P R O V E D S T Y L E * .
S h ow Cards, L a b e ls, C alend ars.
John L. Williams & Son,
BANKERS,
AND DEALERS IN
S O U T H E R N IN V E S T M E N T S ,
R IC H M O N D , VA.
T r a n s a c t a G e n e r a l B a n k in g B u s i n e s s . Ne g o t ia t s
It R . & M u n i c i p a l Lo a n s . C o r r e s p o n d e n c e I n v i t e s .
Our M A N U A L O F IN V E S T M E N T S
largest w ork o f the kind published by an y B anking house in
A m erica. G ratis to clients da correspon d en ts; to otherst |3 a copy
“ 'Most elaborate, handsomest and most useful work treattaf
upon Southern properties whioh ever came to notice.**—Boston
H erald.
“ Worth its weight in gold.**—Norfolk Landm ark.
“ R ecognized as standard authority, and holds a high reputation
both in Europe and United States. - W ashington Post»
The
States, cities, railroads, and other properties o f the South are
described with a clearness and minuteness of detail of great value
to investors."—
T. Jowm . o f Commerce. “ A complete financial
and industrial record of the Southern States."—N. O. rTimee~Dem.
?« We know of no other work to oompare with this Manual for the « •
tent and variety e f information it oontaini- —M oney. Lon.. I l f
T H E F O U R T H NATIONAL.
B A N K OF T H E C IT Y OF N E W
FORK
OFFERS
TO
DE
PO SITO RS E Y E R Y F A C IL IT Y
W H IC H T H E I R B ALAN CES,
BUSINESS AND
R ESPO N SI
B IL IT Y W A R R A N T .
NEW YO R K .
James H . Parker........... ............... President.
Henry C. Hopkii s............................. Cashier.
Capital and Surplus. $l,000*00O .
ACCOUNTS INVITED.
BANKERS AND BROKERS,1
investment B onds and Stocks,
16 BROAD STREET, NEW Y O R K .
Ru s s e l l
m arquand
Ja m e s B
Sk e h
an
.
Member N Y Stock Exchange
John H. Davis 6c Co.,
E X T E N S IV E S A F E T Y V A U L T S F O R
T H E CONVENIENCE O F D EPO S
IT O R S AND IN V E STO R S.
Entrance only through the Bank. A I
No. 10 W A L L S T ., N E W Y O R K .
Orders for Stocks and Bonds executed at all Ex
hanges
Especial attention given to supplying high-elass
IN V E S T M E N T S E C U R IT IE S .
BANKERS AND BROKERS,
E b e n e z e r K. W r ig h t , President.
* A r t h u r L e a r y , Vice-President.
G eo r g e S. H ic k o k . Cashier.
E d w a r d J. B a l d w i n , A ss’t Cashier.
DIRECTORS.
Charles Scribner,
Arthur Leary,
Edward C. H oyt,
Eugene Kelly,
Edward E. P oor
Ebenezer K. Wright,
W . R ockhill Potts,
Joseph T. Moore,
August Belmont,
Stnyvesant Fish,
Richard Delafleld.
George S. Hart,
W ilson G. H unt,
Charles Sternbach,
Francis R. Appleton
William A . Lombard,
E m erson M cM ullin .
H e n r y B. W il so n .
Emerson M cM illin
&
G o,
40 W A L L STREET, NEW Y O R K .
Negotiations Conducted for Purchase and Sale of
Gas, Electric, Water, Street Railway, Coal,
Iron and Industrial Properties.
Securities negotiated only upon personal examina
tion of property.
Sheldon & Binney,
BANKERS,
28 Westminster St., Providence, R. I.
Transact a General Banking Business. Dealers In
Stocks, Bonds and Local Securities.
PRIVATE TELEGRAPH WIRES TO NEW YORK
AND BOSTON.
C h a r l e s H . Sh e l d o n , Jr . W il l ia m b i n n e y , J r .
150 B RO ADW AY, MEW Y O R K .
Offers for sale Choice Bonds and Mortgages.
P IT T S B U R G , P A .
A SPECIALTY-NEW YORK CITY & COUNTRY
BANK ST OCKS,
Netting Purchasers 4 to 10 Percent.
SEND FOR QUOTATIONS.
Equitable Mortgage Co.
Capital, $2 ,0 4 9 ,5 5 0 Surplus, $800,000
Assets, $14,07 4,8 13-56 .
INVESTMENT SECURITIES.
U N IT E D S T A T E S
N A T IO N A L B A N K ,
Marquand & Skehan,
SUPERIOR COLLECTION FACILITIES.
BUY AND SELL FOREIGN EXCHANGE.
JAMES MACDONOUGH, President.
AUG. D. SHEPARD,
lVice-Presidents.
T0 U R 0 ROBERTSON, f
THEO. H. FREELAND, Sec’y and Treat,
JNO. E. CURRIER, Ass’t Sec’y.
J. K. M YERS, A ss’ t Treat.
BANKERS,
No. 10 W A L L S T R E E T ,
NEW YORK.
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use of the Company.
R . A . Lancaster & Co.,
G O R H A M M ’f ’g Co.,
E n g r a v e r s a n d P r in t e r s or
BONDS, P O S TA C E& R EVENUE S TA M P S ,
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O T E S of the U N IT E D 1 T A T E S ; and for
Foreign Governm ents,
ENGRAVING AND PRINTING,
S A F E T Y CO LO R S.
NO. 1,409
N E W Y O K E . J U N E 2 5, 1892.
V O L. 54.
MUNICIPAL BONDS.
Returning from 3 3 -4 to 6 Per Cent.
6 PER CENT DEBENTURE BONDS,
Valuable book about Investments sent on appli
Cati0n'
OFFICES:
40 W all Street, New York.
117 Irevonshire Street, Boston.
Cor. 4th & Chestnut Streets, Philadelphia
ESTABLISH ED 1871.
W h itn e y &
S te p h e n so n ,
BANKERS AND BROKERS,
N o. ST F O U R T H A V E N t E .
Oldest Pittsburg members N Y 8t«o Exoaang»
HENRY G. CAMPBELL, > Members N. Y . Stock
B o r d e n H a r k i ma n , >
Exchange.
H. G. Campbell & Co.,
b an k er s and b r o k er s ,
9 New Street and 74 Broadway,
NEW YORK
A . J . Weil & Co.,
INVESTMENT SECURITIES,
96 Broadway, New York, and St. Lonla.
THE
U
®avik&xz an d Su atu crs of Ifonetgn
ango.
BARING, MAG0ÜN As CO..
1 5 W ALL ST., NEW YORK,
SUCCESSORS TO
Drexel, Harjes& Co.
KIDDER, PEABODY & CO., NEW YORK,
Cor. o f 5th k Chestnut Sts. 31 Boulevard HaussmanD.
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credits
available in all parts o f the world.
Drexel & Co.,
P A R IS .
P H IL A D E L P H IA
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Draft. Securities
bought and sold on commission. Interest allowed
on Deposits, Foreign Exchange, Commercial Credits,
Cable Transfers, Circular Letters for Travelers,
available in all parts o f the world.
A t t o r n e ys
Agents and Attorneys of
BARING BROTHERS & CO., Limited,
LONDON.
KIDDER, PEABODY & CO., BOSTON,
Choice Investment Securities,
a n d a g e n t s of
M essrs. J . S. M O R G AN & CO.,
No. 22 OLD BROAD STREET, LONDON.
Brown Brothers & Co., August Belmont & Co.,
PHILA.
NEW YORK.
BOSTON.
5 9 W a l l S t.
ALEX. BROWN & SONS, BALTIMORE.
BANKERS,
N o. 2 3 N A SSA U S T R E E T ,
A g e n t s a n d Co r r e s p o n d e n t s o f t h e
CONNECTED BY PRIVATE WIRE.
M essrs. R O T H S C H IL D ,
Members N. Y „ Phtla. and Baltimore Stock E xch’s.
Buy and sell first-class _
L o n d o n , P a r i s , F r a n k f o r t a n d V ie n n a .
Investment Securities for I n u p c t r n p n t '
Issue Circular Credits fo r travelers available in
customers.
R eceive ac- l l l v c o i i i i L i i i .
all parts o f the world.
counts o f Banks, Bankers,
. .
ALSO COMMERCIAL CREDITS.
Corporations, Firms and in t-i ¿¿«3
dividuals
on
favorable
O C L U 1 1 L1 C O .
Draw Bills o f Exchange and make Cable Transfers
terms. Collect drafts drawn
to Europe, W est Indies, Mexico and California.
abroad on a’l points in the United States and Cana Execute orders fo r the purchase and sale o f Invest
da, and drafts drawn in the United States on foreign m ent Securities.
countries.
Buy and sell Bills o f Exchange
and make cable transfers on
all points. Issue Commercial
of
SUCCESSORS TO
and Travelers- Credits available
In all parts o f the world.
JO H N P A T O I & CO.,
Letters
Cuyler, Morgan & Co.,
Credit.
B R O W N , SH IP L E Y & C O „ LONDON.
G eo rg e Co p p e l l .
T h o m a s M a it l a n d ,
G e r a l d L. H o y t , Member o f N. Y. Stock Ex.
Maitland', Phelps & Co.,
2 2 AND 24 E XC H AN G E PLACE,
NEW YORK.
Orders executed fo r all investment Securities. A ct
as agents o f Corporations, and negotiate and issue
Loans.
Messrs. Smith, Payne
& Smiths, London;
BILLS OF E X
CHANGE
TE LEG RAPH IC
TRANSFERS
ON
Messrs. Mallet Frere8
k Cie., P aris;
Banco Nacional de
M exico, Mexico, and
its Branches.
LETTERS OF
CREDIT.
AGENTS FOR TH E BAN K OF AUSTRALASIA-
J . Kennedy Tod & Co.,
No. 45 WALL STREET, NEW YORK.
Deposits received subject to draft, and interest
allowed on balances.
OFFER INVESTMENT SECURITIES.
Bonds and Stocks bought and sold on commission
on all American, Canadian, British and Dutch
markets.
Transfer o f Stock and Bonds. Payment and col
lection o f Dividends, Coupons and Interest W ar
rants. Foreign Exchange and Cable Transfers on
London and Paris.
J ohn M unroe & Co.,
No. 32 Nassau Street, N ew Y o r k .
No. 4 P o st Office Square, B o sto n .
seue Circular Letters o f Credit for Travelers’ Use
Abroad against Cash or Satisfactory
Guaranty o f Re-payment.
E x ch an ge o n L o n d o n , P a ris, B e rlin ,
Z u rich an d St. R ail.
an d paym ents
Ma d e
by
Ca b l e
52 W illia m Street, N ew Y o r k .
Accounts and A gency o f Banks, Corporations
firms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
A ct as agents fo r corporations in paying coupons
and dividends; also as transfer agents.
Bonds, Stocks and Secnritles bought and sold on
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
sold.
DRAW ON
BANKERS.
WALTER WATSON,)
>Agents.
K. Y. H e b d e n ,
S . A . Sh e p h e r d ,
L o n d o n Office, No. 2 2 A b c h u rc k Lan e.
Merchants’ Bank o f Canada
C a p i t a l S t o c k P a i d u p ..................8 5 , 7 9 9 , 2 0 0
R e s e r v e F u n d .....................................8 2 , 6 3 5 , 0 0 0
Henry Hague and John B. Harris, Jr.,
AGENTS*
61
W ALL
B A N K E R 8,
N o. 23 B R O A D S T R E E T ,
N ew Y o r k .
Issue Letters of Credit for Travelers
On SBLIGMAN BROTHERS, London.
SELIGMAN FRERES k CIE«, Paris.
SBLIGMAN k STBTTHEIMER, Frankfurt.
ALSBBRG, GOLDBERG k CO., Amsterdam.
A LTM A N k STBTTHEIMER, Berlin.
Payable in any part o f Europe, Asia, Africa, Aus
tralia and Amerioa.
„ ,
Draw Bills o f Exchange and make Telegraphic
Transfers o f Money on Europe and California.
BANKERS,
5 South W illiam
Street, New York.
LETTERS OF CREDIT
available everywhere*
DRAFTS
en all parte ol the world.
TRANSFERS
by mall and telegraph*
Kessler & Co.,
BANKERS
54 W A L L STREET, NEW Y O R K ’
Buy and Sell Bills of Exchange and
Cable Transfers en all the Prin
cipal European Cities.
ISSUE COMMERCIAL AN D
TR A V E L L E R S'
CREDITS, BUY A N D SELL R A ILR O A D
8TOCK8, BONDS A N D INVESTMENT SE
CURITIES. ACT AS F IN AN CIAL
AGENTS FOR CORPORATIONS.
Kountze Brothers,
BANKERS,
120 B R O AD W A Y . Equitable Building, NEW YO RK
Issued fo r the use o f travelers in all parts o f the
world.' Bills drawn on the Union Bank o f London.
Telegraphie transfers made to L ondon and to
rarious places in the U nited States. Deposits re
v iv e d , subject to eheck at sight, and interest
tllowed on balances, Governm ent and oth er bonds
and investment teea rttis* bough t en d m id m eo m PlMfcHb
Cs&i&WäWfffS-
STREET,
NEW
Y O R K . £3
BUY AN D SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
I s s u e C o m m e r c ia l C r e d it s a v a i l a b l e in a l l
P a rts o f th e W o r ld .
Canadian Bank of Commerce
C a p it a l a n d S u r p l u s . . . ................ » 7 , 0 0 0 . 0 «*«
A L E X . L A IR D and W M . G R A Y ,
AGENTS,
16 EXCHANGE PLACE. NEW V O «
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, ETC.
I s s u e C o m m e r c ia l C r e d i t s a v a i l a b l e In a l l
P a rts o i th e W o r ld .
Canadian currency bought.
,
Drafts drawn on and Collections made at all points
in Canada.
J. & W.Seligman & Co.
International Dank of London (Limited).
JToli. Berenberg. Gosaler A Co« Hamburg.
Bremen Bank. Bremen.
M a r c n a r g , K r a n e s 4k C s « F a r t s .
Commercial and Travelers*(Cradifta.
>
Buy and sell Sterling and Continental Exchange
and Cable Transfers ; grant Commercial and Travel
ers’ Credits available in any part o f the world
Issue drafts on and make collections In Chicago and
throughout the Dominion o f Canada.
3 . S. HOW LA N D, Pres’t. T. R . M E R RITT, V .-P .
D. R . W IL K IE . Cashier.
KTTER» OF CREDIT AND CIRCULAR
NOTES
N E W YO RK OFFICE:
Nos. 5 » an d 61 W A L L S T R E E T .
imperial Bank ol Canada.
YORK.
W IL L IA M
STREET, NEW
Correspondents o f the
SAU* ot Exchange.
[ESTABLISHED 1818.]
TH E UNION B AN K OF LONDON,
BRITISH LINEN CO. BAN K, LONDON AND
SCOTLAND.
P aris H ou se—M U N R O E & CO.
Schulz & Ruckgaber, „
B a n lis ,
C A P I T A L P a i d in - - 8 1 2 , 0 0 0 , 0 0 0 G o l d
SURPLUS
- - - - 8 6 , 0 0 0 , 0 0 0 G o ld
R E A D O F F IC E , M O N T R E A L .
HON. Sir DONALD A . SMITH, President.
E. S. CLOU8TON, General Manager.
A L E X ’R LANG, A ss’t General Manager.
CAPITAL (paid up)
SURPLUS
- - -
-
-
8 1 ,9 0 0 ,0 0 0
9 5 0 ,0 0 0
HEAD OFFICE, TORONTO-
\
Br a n c h e s in Ontahto .—Essex, Fergus, Galt
Eagersoli, Niagara Falls, P ort C olbom e, St. Cathirines, St. Thom as. Sault Ste Marie, W elland,
W oodstock, R at Portage.
. „ „„„
T o bo n to .—W ellington Street Y on ge and Queen
Sts., Yonge and Bloor Sts.
Br a n c h e s in NORTHWEST—W innipeg, Brandon,
Calgary, Portage la Prairie, P rince Albert, B dm on‘,0n Agents in L ondon :
I Agents in New York,
L loyd ’s Bank, lim ited. |Ba n k o f M o n t r e a l .
Collections prom ptly m ade in any part o f Canada.
AGENCY OF THE
B
Knauth, Nachod & Kiihne,
BANKERS,
Cr e d it s Op e n e d
C a n a d i a n
Bank o f Montreal,
Drexel, Morgan & Co.,
WALL STREET, CORNER OF BROAD,
NEW YORK.
[V ol , LIT.
C H R O N IC L E *
a
n
k
OF
British N orth A merica,
N o. 5 2 W A L L
STREBT.
Buy and sell Sterling Exchange and Cable Transars. Issue demand drafts on Scotland and Ireland
Iso on fiftrmiiA, British Columbia and San Fran
C I R C U L A R N O T E S issued in Pounds Stering. available in all parts o f the world. C O M i I r C I A L C R E D I T S I S S U E D fo r use in
lurope, China, Japan, East and W est Indies and the
¡rams, Rives Plate, &o.
Bills collected and other banking business trans
cted.
H . STIKEMAN.
Hong Kong & Shanghai
B A N K IN G
C O R P O R A T IO N .
. 110 , 000,000 00
Paid-up Capital..............................
. 6,300,000 00
Reserve F un d...........
. 10,000,000 00
Reserve Liability o f Proprietors.
The Corporation grant Drafts, issue Letters o f
Credit fo r use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, H ong Kong, Foochow , A m oy
Ningpo, Shanghai, H ankow, Yokohama, H iogo,
San Francisco and London.
A. M . T O W N S E N D , A g en t, 5 0 W a ll St.
The Bank
o f Australasia
(Incorporated by B oy al Charter, 1835.)
No, 4 .Threadneedle Street, London.
Paid-up Capital, £1,600,000; Reserve Fund, £800,000. Reserve Liability o f Proprietors under the
charter, £ 1.600,000.
Letters o f CrecUt and Drafts issued on any o f the
numerous branches o f the Bank throughout Aus
tralia and New Zealand. Bills negotiated or sent
fo r collection. Telegraphic transfers made.
Deposits received in L ondon at interest fo r fixed
periods, on terms which may be ascertained on ap-
pUcaQow
PRIPEAPX bEJLJJY, Secretary.
THE
J u n e 2 5 , 18t 2 ,]
lil
C H R O N IC L E
3Çaretgn .
^ O X tiQ U .
fin a n c ia l.
FO O TE & F R E N C H ,
The National Provincial
The Union Discount Co.
BANKERS
Trustees & Assets Corporation
of London,* Limit’d.
48 Congress Street, B o sto n , M a s s .
L IM IT E D ,
London, England.
88 CornhlU, London, May 18, 1892.
Capital Subscribed.....................0O.3O5.OoO |
Capital subs ribed................ £ 1 0 1 .6 5 0
3*152.500 '
Paid u p ,.,..................................
C a p i t a l c a l l e d u p ...........'..........
6 1 ,1 9 0
Reserve Fund.............................. .
970» 000 Is prepared to act as Trustee fo r Debenture Holders,
Correspondent o f American Banks and Trust Corpo
84 8 5 -A 1 .
NOTICE IS H E R E B Y GIVEN that the RATES
o f INTEREST allowed fo r money on deposit are as
fo llo w s :
rations, and as Financial Agent in Europe fo r Rail
ways, Docks, Waterworks, Tramways and other In
dustrial Companies.
~ ,,
GEO. W . SCHOENFELD, Manager.
AT CALL, M PER CENT.
AT 3 to 7 D AYS’ NOTICE, H PER CENT.
T he Company discounts approved bank and mer
cantile acceptances, receives m oney on deposit at
rates advertised from tim e to time In the London
Paris and Berlin papers and grants loans on ap
proved negotiable securities.
CHRISTOPHER R . NUGENT, Manager.
Blake, Boissevain & Co.?
L O N D O N ,
E N G L A N D .
Negotiate Railway, State and City loans.
Execute orders for bonds, Shares, etc., on Com
m issloa and transact a general Banking an
Commission Business.
Special attention given to the execution o f
orders for Securities on the New York, L on
don and Amsterdam Exchanges. In corres
pondence with
BLAKE
BROTHERS
&
GOVERNMENT
sold.
CO.
5 Nassau Street, N ew Y o r k ,
28 State Street. B o sto n , M a ss.,
AND
A D O L P H BO ISSEVAIN A CO.
A m sterd a m , H o lla n d .
4 Bank Buildings, London, England,
Subscribed and Paid-up Capital, £ 9 7 1 ,3 0 0
This Company undertakes the negotiation and
Issue o f Loans and Capital o f companies on the Lon
don market, and acts as agent for approved Railways
or other Corporations In payment o f Interest, Divi
dends, Registration o f Stock, and generally, and also
as Trustee fo r Debenture holders.
CABLE ADDRESS, P A V Y , LONDON.
Heinemann & Co.,
B a n k s .
COMMISSION ORDERS executed in
bonds and stocks.
FOREIGN
sold.
TH E NEW YORK
i3roduce Exchange Bank,
Transacts a general banking business.
Receives accounts o f banks, ban kersandcorporatlons upon favorable terms.
Issues certificates o f deposit bearing interest.
Solicits m ercantile and personal acoonrts.
Bills o f exchange drawn on, and cable transfers
made through, T H E CITY BANK. Lim ited,
LONDON.
Circular letters o f credit Issued for travelers’ use
In foreign cou n tries; also commercial credits.
A ccoun ts o f foreign bankers received and col
lections In the United States made on favorable
terms. A gents in New York o f the
BANCO NACIONAL DH CHILE.
62 Gresham House, E. C.,
LONDON.
Solicit accounts and agencies o f Banks,IRallway
Corporations, Firms and Individuals upon
favorable terms; also orders fo r the pur
chase and sale o f Bonds, Shares, Ac., Ac,
on the Stook Exchange.
Interest allowed on Deposits, subject to 80-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to de
mand drafts.
Negotiate Railway, State and City Loans.
Pierce, Wright & Co.
P R O V ID E N C E , R . I.
Dealers In Commercial Paper, Governments and
other first-class Bonds and Securities and Foreign
behänge.
_ ,
Private telegraph wire to New Y ork and Boston«
This Bank has superior facilities fo r making Col
lections in and out o f the city on the m ost liberal
terms, and with careful attention to the best inter
ests o f its correspondents.
N E W ORLEANS, L A .
Capital...8 1 ,0 0 0 ,0 0 0 I Surplus....8 4 7 5 .0 0 t
J. C. MORRIS. Pres.
E D W A R D TOBY, Cash,
Co r r e sp o n d e n t s —Nat. City Bank, Nat. Bank of
Commerce, New York. Boatm en’s Bank, St. Louis.
N. W . Nat Bank, Chicago. Merchants’ Nat. Boston
Davenport & Co.,
B R O K E R S,
R IC H M O N D , V IR G IN IA .
C. W. Branch & Co.,
BAN KERS AN D BROKERS,
St a t e Ba n k B u il d in g ,
VA.
Private wires connecting with W ashington, Baiti
more, Philadelphia, New York, Boston and Chicago
New Y ork Correspondents : Messrs. M oore A
Schley and Prince & Whitely
G . L . BOISSEVAIN.
von Hemert & Co.,
B O ND AN D STO CK B R O K E R S ,
A ct as Agents for American Banks and Financial
Companies. Collect Foreign Exchange and exeoute
orders on commission on the London Market.
R O A N O K E , VA.
Dennistoun, Cross & Co.
2 Princes Street, London, E. C ,
E xecu te orders fo r the purchase and sale o l
Bonds, Stocks, Ac., on the Stook E xchange; receive
accounts and A gencies o f Banks, Railways, Corpo
rations, Firms and Individuals upon favorable
term s; Commercial and Travelers’ Credits and
Bills o f Exchange on them are Issued by their
Agents and A ttom evs.
MOSLE BROTHERS,
92 EXCHANGE PLACE. NEW YORK..
Dealers in High Grade Investments.
6 a n d 7 per c e n t First Mort. Gold Bonds.
Inform ation furnished and first-class corporation
securities sold on commission.
S O U T H E R N INVESTMENT SECURITIES
A S P E C IA L T Y
W il l ia m W ilson & Sons , Established 1802.
W il s o n , Co lsto n & Co.,
“
1867.
Wilson, Colston & Co.
Members o f Baltimore Stock Exchange.
BAN KERS.
21 6 East Baltimore Street, Baltimore.,
Investm ent and Miscellaneous Securities a sp e d
alty, and whole issues handled.
=
.
Exceptional facilities fo r dealings in all classes o f
Soathern Bonds. Loans on Collateral 'Securities
negotiated.
Sa m u e l Rea.
T h o m a s B. B e a .
Rea Bros. & Co.,
115 F o u rth A ven u e, P ittsb u rg, P a .
STOCKS AND RONDS.
MEMBERS OE THE
New York, Philadelphia and Pittsburg
Stock Exchangee.
LOCAL SECURITIES A SPECIAL TY.
Henry Sproul &
78
FOURTH
Co.,
AVENUE,
P IT T S H U R G , P A .
MEMBERS OF THE
NEW Y O R K STOCK EXCHANGE.
PHILADELPHIA STOCK EXCHANGE.
PITTSBURG EXCHANGE (3 Members).
CHICAGO BOARD OF TRADE.
N . Holmes & Sons,
BANKERS.
ESTABLISHED, 1880.
Correspondence solicited and Information fur
nlshed about Southern State, Municipal and Rail
road Investm ent Securities.
_
_
New York R eference—CHAS. M. F R Y , Esq.., Presi
dent Bank o f New York, N. B. A .
BROKERS,
BOSTON STOCK EXCHANGE BUILDING.
33 STATE STREET, BOSTON.
R IC H M O N D , V I R G I N I A .
Collections made on all Southern points on best
term s; prompt returns.
JOHN P. BRAN CH , President.
Jo h n F. Gl e n n , Cash’r. F r e d . R. Scott . V ice-P res
LONDON, E . C.
IN TEREST ON DEPOSITS. C ABLE TRANSFERS,
Noyes & Bridge.
IN V E ST M E N T
MERCHANTS’ NATIONAL BANK,
H . J. YON HEMEBT.
. jao k so n
BANKEBS AN D BROKERS,
Capital......8 3 0 0 ,0 0 0 ISurplus...... 83 25 ,0 00
52 N ew B ro a d Street,
b e n j a m ix a
No. 52 W E Y B O S S E T S T R E E T ,
B U F F A L O , N. Y .
RICHMOND,
bought an«
_____ _
Wilbour, Jackson & Ç o .,
GE N ER A L RESERVE DEPOSITARY,
By special appointment o f the Superintendent o f
Banks, New York State.
_. g. j e w e t t , Pres’t.
W m . C. Co r n w e l l , Cash’r.
AND
EXCHANGE
J o sh u a W il b o u r .
Bank of Buffalo,
BAN KERS
bought and
RAILROAD BONDS of conserrativ« '
issues constantly on hand.
The Railway Share Trust New Orleans Canal &
Banking Company,
& Agency Company,
L IM IT E D ,
BONDS
P IT T SR IJ R G , PENN.
CORRESPONDENTS :
Bank o f New York, N. B. A .
First National Bank o f Philadelphia.
T H O M A S R R A N C H A CO„
BANKERS
AND
COMMISSION M ERCH AN TS
R IC H M O N D , V IR G IN IA .
Circulars and inform ation on funding the d e b t! o f
Virginia and North Carolina free o f cost; one-eighth
p e r c e n t charged fo r fun din g. Southern Railroad
and State and Citv Bonds bough t and sold
Wm. G. Hopper & Co.,
28 SOUTH THIRD ST., PHILA.l
S t o c k s a n d B o n d s bought and sold on Comlsslon fo r Cash, or carried on favorable terms.
I n t e r e s t a l l o w e d on balances. Correspondence
solicited.
E. W. Clark & Co.,
BANKERS A N D BROKERS
No. 139 South Fourth St.,
P H IL A D E L P H IA .
Transact a general banking business. A llow
interest on deposits.
_
M em bers o f the Philadelphia and New Y o k
Stock Exchanges, and connected by private h ire
with New York.
THE
!▼
C H R O N IC L E .
VoLu L T V ,
^ f i n a n c i a l . _________ - ___________ '
The Girard Life Insurance,
Annuity & Trust Co.,
NEW YO R K ,
are authorized, to offer fo r su bscription
$ 8 0 0 ,0 0 0
Per Cent Cumulative Preferred Stock
AN»
$ 2 5 0 ,0 0 0
THE UNITED STATES CUTLERY CO.
O rganized u nder th e h a w s o f the State o f N ew Jersey.
CAPITAL STOCK, *$1,600,000.
D IV ID E D IN TO
8,000 Shares Eight Per Cent Cumulative Preferred Stock, $800,000.
8,000 Shares Common Stock, $800,000.
Par Talue of a ll Shares, $100.
R E G IS T R A R OF STO C K .
CEN TRAL TRUST COMPANY OF N EW YORK.
TRANSFER AGENTS.
tT A IN T O R & H O L T ,
O F F IC E R S .
W . F. ROCKW ELL, President.
THOS. W . B RA D LE Y , Vice-President.
D IR E C T O R S .
W . F. ROCKW ELL, Meriden, Conn.
THOS. W . B RA D LE Y , W alden, N. Y.
B. W H ITE H E A D . W alden, N. Y .
D W IG H T D IVIN E, Ellenville, N. Y.
JAM ES E. CAM PBELL, Hamilton, Ohio.
GEO. H. HOLT, New York City.
A LB E R T L. PANCOAST, Jersey City, N. J.
CHAS. H. SHELDON, Jr., Providence, R. I.
A . CHAM BERLAIN, Meriden, Conn.
T h s Preferred Stock will be entitled to Cumulative
Preferential Dividends o f 8 per cent per annum,
payable quarterly out o f the profits o f the Company,
and will also rank against the assets o f the Company
in preference to the Common Stock.
The Common Stock will be entitled to the surplus
earnings, when declared In dividends, after payment
o f the dividend o f 8 per cent on the Preferred Stock.
Messrs. N. TH 0Ü R0N & CO ,
Philadelphia.
CLINTON NATIONAL BANK,
Colnmbns, Ohio.
Messrs. C. H. POTTER & CO.,
Cleveland, Ohio.
Messrs. IR W IN , ELLIS A BALLMAN,
Cincinnati, Ohio.
The United States Cutlery Company has been
form ed to purchase, unite, and take over as going
concerns fou r o f the oldest, largest and best-known
business properties in the United States, viz., those
o f the Miller Bros. Cutlery Co., o f Meriden, Connec
ticu t; theN ew Y ork Kni eC o. o f W alden, New York;
the W alden K nife Co. o f W alden, New York, and
that o f Dwight Divine o f Ellenville, New York.
The company begins business on or about July 1,
1892.
EXTR ACT
FROM VENDORS’
MENT.
OF PHILADELPHIA,
TRUSTEE NORFOLK A W ESTERN RAILROAD
COMPANY EQUIPMENT MORTGAGE
D A T E D JUNE 1st, 1866.
E ig h th P u rch ase o f B o n d s for Sin k
in g Fund«
Common Stock of
All Share* are Full-paid Stock and Nonassessable. Stockholders will have no per
sonal liability whatever.
The Company begins business without any
ebt or liability.
The Charter of the Company and its Byhaws provide that no Bond or Mortgage can
be created without the consent of ninety per
cent of the Preferred Stockholders; also that
this provision cannot be altered.
i c i n i ,
OFFICE OF
Messrs. T A IN T O R & H O LT ,
8
F i u m
STATE
These four concerns m anufacture about 65 per
cent o f all the pocket cutlery made in the United
States.
This business, with a record o f ov e r twenty years,
has steadily grown into a profitable undertaking.
The m anufactured goods now equal the best foreign
makes, and it is Impossible now to turn the channel
o f trade back to the foreign manufacturers.
The Company acquires, free o f encumbrance, all
the property o f the fou r concerns used In con nec
tion with their business.
P h i l a d e l p h i a , June 1st, 189*.
To Holder$ o f Equipment Mortgage Bond»
o f the Norfolk & Western RR. Co.:
Under and fo r the purposes o f the Fourth (Sinking
Fund) Provision o f the N orfolk A W estern Railroad
Company’s Equipment Mortgage, dated June 1st,
1888, proposals are invited fo r tne sale and delivery
to the trustee o f the said mortgage, o f bonds secured
thereby. T he amount held in tne sinking fun d by
the said trustee and applicable to the purchase o f
bonds at the lowest price obtainable, not exoeedlng
par and aocrued interest, is $70,363 78.
Proposals must be addressed to
TH E G IR A R D LIFE INSURANCE, ANNUITY A
TRUST COMPANY OF P H IL A D E L P H IA ,
TRUSTEE, NORTHEAST CORNER
BROAD A i CHESTNUT STS.,
P H IL A D E L P H IA .
and will be reeelved until Saturday, July 80th, 1MS,
at 3 o'clock P. M. Respectfully,
W IL L IA M N. E LY, Treasurer.
ST O C K S and BONDS
A t Auction.
The undersigned h old R E G U L A R WEEKLY
AUCTION SALES o f all classes o f
STOCKS AN D
BONDS
OK
B V B R Y W ED N ESD AY.
ID R IA N H . M U L L E R Sic SON
NO. 1 FINE STBEET. NEW YORK.
W. H. Howcott,
IN V E ST M E N T
BANKER.
H IG H -G R A D E LOANS EFFECTED.
Dealer in
Southern Timber
Lands.
The real estate, buildings, ma
chinery, fixtures, patterns, «See.,
used in manufacturing have been
valued, under oath, by experts
a t.........................................................$ 6 9 3 ,0 0 0
Stores and manufactured goods
on hand at cost price, and cash
in the treasury....................
4 4 0 ,0 0 0
Appraiser oi Southern Land Values.
Total.............................................$1 ,1 3 3 ,0 0 0
Nothing is included In the forego
ing total lor any of the patent
rights, trade marks, or good
The first ten per cent will be paid to the hankers
will, valued a t..................
$ 5 0 0 ,0 0 0
through whom application is made, which will be re
CONSULTING E N G IN E E R ,
A very large portion of the Preferred Stock
has been already applied for, and will be
alloted to advance subscribers. The balance
of that issue, together with $3 5 0 ,0 0 0 of the
Common Stock, is now offered at par.
The Vendors retain a majority of the Com
mon Stock.
Subscriptions will be payable as fo llo w s :
10 per cent on application.
40 per cent on allotment.
50 per cent In 30 days.
turned if application Is rejected.
The subsequent Instalments will he paid to the
Central Trust Company o f New York, which Com
pany will issue provisional receipts, to be exchanged
fo r certificates o f stock after all payments are made.
T he right is reserved to reject or reduce any appli0 atlon.
T h e subscription b ook s w ill be
opened at tb e office o f Messrs.
T a in to r & H o lt, I I W a ll St., on
37th June, and closed on 39th
June at 3 P . M.
ALLOTMENTS W ILL BE M ADE AS PR OM PTLY
A S POSSIBLE, AS PE R PROSPECTUS.
SUBSCRIPTIONS W IL L ALSO BE BEEIVED B Y THE FO LLO W IN G BANKS
AND BANKERS :
CENTRAL TRUST COHPANY,
New York.
Messrs. R. J. DEAN & CO.,
New York.
INTERNATIONAL TRUST COMPANY,
Boston.
HOME NATIONAL BANK,
Meriden, Conn.
Messnv. SH E ! DON & BINNEY,
Providence, R. I.
The hooks o f all these concerns have been exam
ined by Messrs Yalden, Brooks & Donnelly, Char
tered Accountants, and, according to their report,
the business o f these companies has steadily in
creased year by year, and the net profits fo r a period
o f over three years are largely in excess o f the sum
necessary to have paid 8 per cent dividends upon
8800,000 Preferred Stock, and the amount available
for dividends in 1891 was 8131,500. From returns
already to hand since then, taking into consideration
the new works now in operation, which produced no
goods up to January, 1892, the profits fo r 1892 may
be fairly estimated to he not less than sufficient to
pay 8 per cent on the Preferred Stock and 15 per
cent on the Common Stock.
The prices upon cutlery have never yet reached
those which could have been asked by the increased
rate o f tariff.
T he present owners keep a m ajority interest in the
Common Stock o f the new com pany which will be
form ed to take over the properties.
The manufacturing capacity o f these companies is
about SO per cent larger than in 1891, and their prod
uct is sold months ahead at the full present market
price.
T b e value o f the solid assets is nearly one and onehalf times the amount o f the P referred Stock, which
is not only preferred as to income, but also as to
these assets.
A ttention is especially called to the fa ct that the
business o f m anufacturing cutlery is still in its in
fancy in this country.
.
NO. 193 COMMON STREET,
NEW ORLEANS, LA.
Jos. O. Osgood,
M. Am. Soc. C. E.,
130
BROADW AY,
NEW
YORK.
Makes specialty o f reports on railroads and other
investment properties.
Examinations made in any part o f the country.
WANTED:
$ 4 0 ,0 0 0 or $ 5 0 ,0 0 0 o n real estate in
th e Business center o f R och ester, N. Y .
A ddress, X X , care Letter Carrier N o. 4 ,
R o ch ester, N. Y . , statin g term s and
rate o f in terest.
Milwaukee City Ry. First Mort. 5s.
Milwaukee Street Consolidated 5s.
Rochester Railway Bonds and Stock.
Syracuse Cons. St. R’y Bonds and Stock.
St. Lonis Salem A Ark, Ry. 1st JH, Uu. 5s.
Honsatonic RR. Preferred Stock.
D E A L T IN B Y
S. H . B A R R O W S , 34 New St , New Y ork.
R a n h . T r u st C o., G uarantee C o.,
Life a n d F ire.In su ra n ce, G as, E leetrie
L ig h t, Street R a ilw a y a n d In d u stria l
Securities lo c a l to N ew a rk
D E A L T IN B Y
J. S. R IP P E L ,
T C lin ton Street, N ew a rk , N. J
THE
JUWE 25 1862.]
SPtratucial,
F in a n c ia l*
rpHK DENVER CONSOLIDATED GAS
Office o f the
N. Y. GUARANTY A INDEMNITY CO.
-1
COMPANY.
T h « Board o f Directors has declared a quarterly
dividend o f ONE P E R CENT (1 per cent) payable
a t the offices o f M A ITLA N D , P H E LP3 & CO., Trans
fe r Agents 24 Exchange Place, New York, on July
1st, 1892. The transfer books o f the Company will
b e closed from June 23d to July 2d, inclusive.
CHARLES O. MCKINLEY,
Assistant Secretary.
T H E NATIONAL S T iR C H MANUFAC1
T U R IN G C O M P A N Y .
Offic e o f t h e T r e a s u r e r ,
)
29 B r o a d w a y , Ne w Y o r k . S
T he semi-annual SIX PE R CENT DIVIDEND due
J u ly 1,1892, on the second preferred stock o f The
National Starch Manufacturing Company will be
paid at this office on that day to stockholders o f
record at the closing o f the books June 16, 1892.
T he transfer books will be closed at 3 P. M., June
16, and reopened at 10 o’clock A . M. Saturday, July
S, 1892.
CHARLES C. BURNS, Treasurer.
f PENNES-'EE COAL IRON «fc R R . CO.
A
49 B r o a d w a y , Ne w Y o r k , June 17.1892.
T H E E IG H TH R EG U LAR SEM I-ANNUAL D IV I
DEND o f 4 per cent on the preferred stock o f this
com pany will be paid on and after July 16,1892, at
th e Fourth National Bank, New York City. The
transfer books o f this stock will be closed June_30
and re-opened July 16,1892.
T H E COUPONS due July 1.1892, on the Birming
ham Uivision Bonds o f this company will be paid on
and after that date at the H anover National Bank
New Y ork City.
J. BOWRON, Treasurer.
/CONTINENTAL NATIONAL BANK.
N e w Y o r k , June 24,1892.
SIX TY -SE V E N TH D IVIDEN D.
The Directors o f this Bank have to-dav declared a
semi-annual dividend o f T H R E E (3) P E R CENT,
fre e o f tax, payable July 6, to which date, from
J u n e 30, the transfer books will be closed.
A L F R E D H . TIMPSON,
Cashier.
N ew Y o r k , June 28,1892.
F O U R T H N A T IO N A L H A N K O F
TH E OITV OF NEW YORK.
T he Board o f Directors has this day declared a
semi-annual dividend o f three and one-half per cent,
payable on and after July 1st, proximo.
The transfer books will remain closed until that
■date.
CHARLES H . PATTERSON, Cashier.
fT H E
A
rpHE MERCANTILE NATIONAL BANK,
A
NEW Y o r k , June 24,1892.
D IV ID E N D —T he Directors o f this bank have this
•day declared a dividend' o f T H R E E P E R CENT,
fre e o f tax, payable on and after July 1,1892. T he
tra n sfer books will be closed until that date.
F. B. SCHENOK, Cashier.
E N A T IO N A L B A N K O F T H E R E
N aw Y
, June 24,1892.
TTHhePUBLIC.
Board o f Directors have this day declared a
ork
dividend o f FOUR (4) PE R CENT, free o f tax, pay
a b le on and after July 1st, proximo, until which date
th e transfer books will be closed,
O LIV E R S. C AR TE R, President.
READY_JULY I4-.
J U L Y E D IT IO N .
HAND-BOOK
OF
Railroad Securities.
/I s s u e d SemL-Annually b y the Publishers o f the
Co m m e r c ia l A F i n a n c ia l Ch r o n ic l e .)
c
o n t
Wn
t s
.
A- D escrip tion o f R R . Stock s and
B o n d s a n d a St a t e m e n t o f t h e I n c o m e
for four years past, as well as the annual
oharges against income.
H ig h e s t a n d L o w est P riees M o n th ly
o f R a i l r o a d B o n d s a n d St o c k s i n N e w
Y o r k , B o sto n , P h il a d e l p h i a a n d B a l t i
m o r e for the years 1891, and to July in 1892.
'T e n -Y e a r R a n g e in Prices o f A ctive
Stocks—Being date of highest and low est
f prices made in eaoh year from 1883 to 1891
inclusive, and to July 1 in 1892.
D iv id e n d s o n R a ilro a d Stocks paid dur
ing eaoh of the years 1886 to 1891 inclusive
and to July in 1892.'
G ross a n d Net E a rn in g s to latest dates in
1892, in comparison with he corresponding
periods of 1891.
Price in Light Leather Covers, - $ 1 0 0
To Subscribers of the Chronicle, ■
75
It Is issued to Bankers and Brokers with
«their business cards lettered in gilt on the
•outside cover (not less than 25 copies, to
•one address) at disconnt rates, according to
•quantity ordered.
W IL L IA M 'S . DANA & CO.,
1 0 2 W illiam Street, New York.
▼
C H R O N IC L E ,
59 Ce d a r St ., N e w Y o r k , J une 23,1892.
To the holders of Trust Receipts Issued by
the NEW Y O R K GUARANTY & INDEM
NITY COMPANY for stock of the EDISON
GENERAL ELECTRIC COMPANY and
common stock of the THOMSON-HOUSTON
ELECTRIC COMPANY, deposited under
Stockholders’ Agreement, dated Febrnary
9th, 1 8 9 2 :
Notice is hereby given that on and after June 23d,
1892, this Company will be prepared to deliver to the
holders o f Trust receipts issued by It fo r shares o f
the stock o f the Edison General Electric Company
and shares o f the com m on stock o f the Thom sonH ouston Electric Company, under the Stockholders’
Agreem ent above named, in exchange fo r such
Trust Receipts, certificates fo r com m on stock o f the
General Electric Company o f New York, at the rate
o f exchange stated in said Stockholders’ Agreem ent,
nam ely: one share o f the com m on stock o f the Gen
eral Electric Company fo r each share o f the stock o f
the Edison General Electric Company represented
by such Trust Receipts, and three shares o f the
com m on stock o f the General Electric Company fo r
every five shares o f the com m on stock o f the Thom son-H ouston Electric Company represented by such
Trust Receipts. F or any fractional part o f a share
o f the com m on stock o f the General Electric Com
pany to which a holder o f Trust Receipts shall be
entitled upon the surrender o f the same, this Com
pany will, on account o f such fractional interest.
Issue a new Trust Receipt, providing that upon sur
render th ereof accompanied by other new trust re
ceipts representing, in the aggregate, rights to one
or m ore entire shares o f the com m on stock o f the
General Electric Company, the bearer shall be en
titled to receive from this Company, a certificate fo r
the amount o f com m on stock o f the General Electric
Company represented by such new Trust Receipts,
so surrendered.
The books fo r the transfer o f the said Trust R e
ceipts will be permanently closed on August 1st,
1892.
H . A . M U RRAY, Treasurer.
2 ^ ttic it0 tx s .
R ichard V. Harnett & Co.
Henry W. Donald, Auctioneer.
REGULAR AUCTION S A I £
OF
S to c k s a n d B o n d s «
TUESDAY, June 28, at 12:30 F . M
At the Real-Estate Exchange & A uction Boom,
Nos. 69 to 66 Liberty St.
(Estate o f Thomas Lewis, deceased.)
220 shares Chicago R ock Island & Pacific R. R. Co.,
*100 each, registered.
462 shares Morris & Essex R. R. Co., *50 each, regis250 shares United" New Jersey R. R. & Canal C o„
*100 each, registered.
200 shares N. Y . C. & Hudson R. R. R. Co., *100 each,
registered.
100 shares Rensselaer & Saratoga R. R . Co., *100
each, registered.
66 shares Mechanics’ National Bank o f New York,
*26 each.
„
*10,000 Morris & Essex Railroad Co. 1st Con
solidated 7 per cent Coupon Bonds (reg
istered), due 1916. Interest June and
December. (10 Bonds o f *1,000 each.)
*25,000 Chicago R ock Island & Pacific R. R. Co. 1st
Mortgage 6 per cent Bonds, due 1917.
*28,000 United New Jersey Railroad & Canal Co. 6 per
Gold Bonds, due March 1,1901.
*20,000 New York & Harlem R. R. Co., 7 per cent
Consolidated Mortgage Bonds, due 1900.
*7,000 Central Railroad Co. o f New Jersey Consoli• dated 7 per cent Coupon Bonds, due 1899
(registered.)
(For account o f whom It may co n e e m j
10 shares Ninth National Bank, *100 each.
20 shares Importers’ & Traders’ National Bank, *100
35 shares Mercantile National Bank, *100 each.
TS shares National Butchers’ & Drovers’ Bank, *26
*5,000 Michigan Central R. R. Co., 1st Mortgage 6
per cent Bonds, due 1909.
*100,000 New York Chicago & St. Louis R. R. Co., 4
per cent Bonds, due 1937.
*5,000 Chicago R ock Island & Pacific R . R . Co. 1st
Mortgage 6 per cent Bonds, due 1917.
*1,000 District o f Columbia 3 65-100 per cent Bonds.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B. -S ales should be received by noon o n Friday
to receive the benefit o f advertising in this paper.
THE AMERICAN COTTON OIL CO.,
29 B h o a d w a y , Ne w Y o b k , May 81,188*.
T
/Q U A R T E R L Y REPORT OF THE BANK
OF AMERICA, on the m orning o f Saturday,
the 11th day o f J un e, 1892; RESOURCES.
Loans and discounts, less due from di
rectors................................ .. ............. *17,169,708 62
Due from directors ...............................
38,000 00
Overdrafts................................................
94 25
Due from trust companies, State and
National b a n k s . ... ... .. ... ... .............
988,224 84
Banking house and l o t . . , . , . . . , ..........
930,000 00
Stocks and b on d s. ............................. .
766,423.36
Specie.......................................................
3,180,766 50
U. S. legal tender notes and circulating
notes o f national banks........................
3,710,200 00
Cash items, v iz .: Bills &
ch ’cks fo r the next day’s
exchanges......................*3,957,804 29
Other items carried, as
cash.................................
43,107 7 5 - 4,000,912 04
T otal.............................................. .. . *30,734,329 61
LIABILITIES.
Capital stock paid in, in cash................ *3,000,000 00
Surplus fund.........................
1,500,000 00
Undivided profits (net)...........................
743,884 64
Due depositors as follows, viz.:
Deposits subj’c t t o ch’k.*13,148,228 65
Demand cti's. o f deposit
8,587 00
Certified checks............. 2,089,411 17—15,246,226 82
Due trust companies, State and national
banks........................................................ 10,162,412 37
Cashier’s checks outstanding...............
76,166 78
Unpaid (dividends.....................................
6,639 00
T otal.................................................... *30,734,329 61
State o f New York, County o f New York, ss.:
W m . H . P e r k in s , Prest., and D a l l a s B. P r a t t ,
Cashier, o f the Bank o f America, a bank located
and doing business at Nos. 44 and 46 W all Street, in
the city o f New York, in said county, being duly
sworn, each fo r himself, says that the foregoing
report is, in all respects, a true statement o i the
condition o f the said bank b efore' the transaction
o f any business on the 11th day o f June, 1892,
to the best o f his know ledge and b e lie f; and they
furth er say that the business o f said bank has been
transacted at the location nam ed and n ot elsewhere;
and that the above report is made in com pliance
with an official notice received fro m the Superin
tendent or the Banking Department designating
Saturday, the 11th day o f June, 1892, as the day
on whicn such report shall be made.
W m . H . PERKINS, President.
D A L L A S B. P R A T T , Cashier.
' Severally subscribed and sworn to by both depo
nents, the 18th day o f June, 1892, b efore m e.
J o h n R. o ’H a l l o r a n ,
Notary Public Kings Co.
Certificate filed in New Y ork County.
Chicago & Alton R R . First Mortgage
Bonds.
St. Louis Jacksonville & Chicago R R .
Second Mortgage Bonds.
Illinois Steel Company Debentures.
Coupons on the above maturing July 1,1892, will
be paid on and after that date, at the office o f
Cuyler, Morgan & C o .,
(Successors to John Paton & Co.)
62 William St., New York.
CALL NO. 1.
the holder« of the Eight Per Cent Do«
benture Bonds of The. American
Cotton Oil Company.
NOTICE
is hereby given that *210,000 par value o f the Eight
Per Cent Debenture Bonds o f The American Cotton
011 Company were this day drawn by lo t by the Cen
tral Trust Company o f New Y ork fo r redem ption
pursuant to the conditions upon and subject to
which these bonds have been issued. The bondsjK)
drawn are numbered as follow s—vis.:
9987
2061
8636
1636
1175
19
623
S9B0
2076
3670
525
1188 ' 1646
20
2101
3680
8381
1190
1647
530
85
8380
1649
2109
8708
1191
60 ' 598
3738
8811
2130
1050
620
1193
81
8749
8314
2153
1653
1210
101
696
0655
2779
1674
2165
1255
712
107
880*
8888
1695
1256
2166
716
108
8860
8688
1705
2174
1263
170
717
8650
8400
2179
1263
1754
786
188
2230
8408
1383
8906
1797
747
190
8408
1801
2235
8907
1829
748
237
8978
8406
751
1858
2238
280
1348
2991
8409
1860 .2246
756
1856
298
*014
8480
1880
3357
1387
827
767
1883
3360
•034
8400
822
330
1406
•132
1884
2877
6003
1427
845
826
•145
8538
2890
1429
1888
848
843
1908
8140
1449
2397
8047
860
847
8159
1920
2400
8588
856
1465
366
•411
•165
1925
8008
889
1471
867
8434
8167
1933
8647
1484
433
897
8191
1948
8468
1540
866«
442
905
1944
8469
8193
984
1541
3608
465
985
1542
1974
8479
8108
8760
470
8480
1979
8806
8766
475
987
1548
8533
1033
1568
1986
8815
8808
477
2003
8540
8916
8880
1039
1569
478
3554
8270
1076
1571
3020
8880
483
1624
205«
8380
1173
8577
600
8084
These Bonds [will be paid and redeem ed by this
Company at par and accrued interest, w ith 10 p «
eent added to the principal thereof, Aug. 1, 18m
upon presentation at the banking house o f M«asrs
W inslow, Lanier & Co., No. 17 Nassau Street, in the
City o f New York.
The interest upon the above-described Bonds wil
cease on and after Aug. 1,1892.
By order o f the Board o f Directors,
JUSTUS E. R A L P H , Treasurer.
Full payment of the above-described bond«,
with interest at eight per cent per annum to
Aug. 1 ,1 8 9 2 , being 8 1 ,120 for each 8 1 ,0 0 0
New York Belting & Packing Co., Limited. bond, will be anticipated upon presentation
N o. 15 P a r k R o w , N e w Y o r k , June 30,1892.
Coupon No. 3 due July 1,1892, on the 6 per cent at oar office, subject to an allowance of In
Mortgage Debenture Bonds o f this Company will be terest at 3 per cent per annum lor account
paid on presentation on and after that date at the
office of the Knickerbocker Trust Co., N o 18 W all Stj, of The American Cotton Oil Company.
WILLIAM V. BAIRD, Secretary.
W IN SL O W , LANIER & CO.
A
I
TH E c h r o n ic l e ;
▼1
[Y ol. L I * -
l^ iu a t jc ia l.
Plan o f Incom e B ond Conversion.
Atchison Topeka & Santa Fe Railroad Co.
O F F IC E
OF T H E
ATCHISON TOPEKA & SANTA FE RAILROAD CO.,
NO. 95 MILK STREET.
P. O. BOX 346.
C IR C U L A R No. 6 8 .
B oston, May 25, 1892,
TO TH E INCOME BONDHOLDERS o f the ATCH ISO N TOPEKA <& SAN TA F E R A ILR O AD C O M PAN Y:
On Oot 15.1889, Circular No. 63, containing Plan of Financial Reorganization of your Company, was issued.
This Plan which was fully accepted in due course, related to all your properties, including Railways Owned 6,960-08 and Operated
7 1 7 8 ^ 1 mUes the details of which, as well as the necessities o f complete rehabilitation of the same, are fully set forth in the circular.
* The Operations of this railway mileage for the year ended June 30,1889, were
Gross Earnings.........................................\ ............... .....................-................. .....................................
$27,572,868 90
K l X h e K ' l u t e and Ohiigatory Fiied'Charg«^ of 'the Compady f6r' 'the aime ye^ ,' in cluing'¿¿tere'st on Bonds,Ca'r Trusts,
Sinking Funds, Taxes, Rentals, etc., w e r e ................................................... ; ................. ............................ *- - - ......... *................*........
’
’
w
showing an Annual Deficiency, without considering Improvements of any kind, o f.................................. ........... .............................
$4,427,609 29
Thio f'fmdiiioTi of affairs and the existence of a large Floating Debt created the necessity for urgent and radical treatment through scaling
of th ^ F ^ ed Charges^ W t h i ^ t h ^
of the Railways. To accomplish this, thei General Mortgage Four Per Cent Bond
^ t h i r S i n t e r e s t a n d the!income Second Mortgage Five Per Cent Bond with Contingent interest (if earned, after due regard for Improve
ments) were created, The Chabges of your Company were thus reduced to
F IX E D AND O B L IG A T O R Y :
F O R IN T E R E S T ON G E N E R A L M O R T G A G E RONDS, T A X E S , R E N T A L S , E T C .................................- ......... $ 8 ,0 0 0 ,0 0 0 OO
C O N T IN G E N T :
F O R IN T E R E S T ON INCOM E RONDS (IF E A R N E D A F T E R IM P R O V E M E N T S , E T C .)........................... $ 4 ,0 0 0 ,0 0 0 OO
The Plan included the provision of a Cash Fund which was thought sufficient for the early improvement of the properties, which would
as wen enable some payment to be made on the Income Bonds from the beginning of operatidps under the Reorganization.
as well ename some payme
absolutely necessary, which had been postponed from lack of funds, were prosecuted as vigorously and
i u d i c S r i B possible, and efforts in that direction were largely reflected through the besults, which are, exclusive of Net Earnings from
aources other than railroad operations:
m THE YEAR T 0 JUNE 30, 1890.
T H E GROSS E A R N IN G S W E R E ......................................................................................... ......................................................... ^3 Q, 2 a f , A««
GAIN O V E R P R E V IO U S Y E A R <12 4 -1 0 per cent)........ .......... , ........................................................................... ..........
l o ’ o S i ’ o iO 77
3 ,3 1 i ,5 8 u 0 6
G a Fn^ ^ R ^ ^ E V I O ' u S Y E A R "(48’ 9 -1 0 per cent)...........................................................................................................
TEA R TO JUNE 30, 1891.
GROSS E A R N IN G S . V- . V .. . A.................* ......................... : ...........................................p.......
........ " " ......... 28
GAIN O V E R 1 8 8 9 (22 1 -1 0 per c e n t)..................................... .....................................................................
9 l6 2 o ts 4 6 54
N E T E A R N I N G S ....; V ...............- j - ........................................... i .................................*................................. ‘ " " " " " " i " ................
2 2 84 8,15 5 8 3
G A IN O V E R 1 8 8 9 (42 per c e n t)................................ .......... ...................................... .....................................
>
»
YEAR TO JUNE 30, 1892*
* 0 2 OO
GROSS E A R N IN G S ................................. ................................... - .......................................................................................* 8’, 1 9 8 ,8 3 3 10»
G AIN OV R 1889 (29 7 -1 0 per cent).....................................................................................................................
........
1 0 .8 8 6 ,2 1 8 CXP
N E T E A R N IN G S .................................. •••"................................................................................................................................ . ...
4 .1 1 3 .8 2 7 2 0
GAIN O V E R 1 8 8 9 (60 7 -1 0 per c e n t ) ....,...................................................................................................................................
5
*
(* Partly approximated.)
These increasing returns did not result from extraordinary crops, but reflected natural conditions from the steady growth of
country
through which vour mileage extends, and are such as to insure confidence of the Management m their continuance. The
o f is r le In terests^ ! C oal and^ other P^perties and of Securities from which a large net revenue per annum is obtained, and which, added to
Nc^rrturns from Railway Operations, m a K g g r e g a t e of Net Earnings for each of the Fiscal Years above stated, as follows :
a g g r e g a t e n e t e a r n in g s F is c A E t e a r t o JE N E s o ,
* l i , , J$o,,f o f I t
In the Income Bond created under the Plan of Reorganization it is provided that it is
9 e s s h s 5& s s «
^ . ^ t h e Management that the ^
s$ s
vears to come should not be less than from $2,000,000 to $3,000,000 per annum, including Equipment recently acquired under Car Trust and
i „ should be taoreased through redactions lu OperatingE lp e The iK S S e m m t “ ' f t f f f i t S S S f ^ R S * f c f f l . b e d , Buildings, Machinery, and rolling Stock 0» eritttw
MldSSd
ToveTa^db ^^t^F^Raitroa^System as described in Circular 63, which excludes the lines of the St. Louis & 8an Francisco and Colorado Midland
Rallwftv Coro Paine st eacb of which has lndcpcndcDt mcftiis for sncli purposes«
,
. ,, . ,
qa i qqo aW aV +115111 Rfiiiins1 Stook
tJa™
^ k i M ana^ereffate of new values in Improvements and Equipment added to the property to-June 30,
which will also he included from the operations of this Plan the additional sum of $2,500,000 m Cars and Engines n w
g
Equipment Trust Series A Management that the time has now arrived when all of the obligations of the Company
Basis sufficien^tods provided to take care of aU of the Improvements of the road required for at least four roars,
®tvadue
S o d S a U h c ^ a m e PK ^ e restoration of the Junior Bonds and Capital Stock of the Company to amore permanent and stable market value,
followlug to the I ncome
bonuholdebe
of «he Company 1
PROPOSED CONVERSION.
a «ppn nil M orto-ao-e. under which the issue of bonds will be as hereinafter stated, dated July 1,1892, to expire July 1,198
The Bonds under this Indenture will all have the same security, and will be issued m two classes, viz..
CLASS “ A ” : $ 8 0 ,0 0 0 ,0 0 0 .
TO DRAW FIXED INTEREST, PAYABLE OCTOBER AND APRIL.
. _ „ „ pRR A irNIYM
p. ©.
3 MONTHS, ENDING SEPTEMBER 30, 1892........................................... -...................... AT RATE OF, PER ANNUM............ p! o.
1ST YEAR, ENDING SEPTEMBER 30, 1893........................ .................................... -........ „
,,
.<
............3 p. &
2D YEAR, ENDING SEPTEMBER 30, 1894.......................................................................
0.
4TH Y E A R fE N D u f(?S E P T E ^ B E ^ 3 ^ 8 9 6 ^ AND THEREAFTER U N riL MATURITY.. “
“ +
“
^ m°*
These bonds will be delivered to holders of present Income Bonds, par for par, without expense to them, and at toe same time
and place such exchange is made a certificate for the sum o f 2 ^ per cent interest declared
ment from operations of the year to June 30,1892, will bo delivered, payable September 1, 1892. Tho L c
« rt’and Mortgage
^ changekhouldhave therewith Coupon No . 3 of September 1,1892, and all subsequent Coupons. The Class?A S econd mortgage
Gold ' bonds to he delivered in exchange for Inoome Bonds will have attached a Coupon for three mouths interest due and pay
October 1 1892 at rate of 2^ per cent per annum, and subsequent Coupons for Interest payable Semi-annually-on AnriU and OctobM
1 in each vear as prodded. The present Income Bonds so received will be deposited with the Union frust Company of New
York, Trustee of the New Second Mortgage, as part of the security of the Second Mortgage Gold Bonds,
to
Bonds 9
addition to the Second Mortgage» the entire lien now given by the General Mortgage to secure the principal of the Inoome
J unk 25, 1892. J
TH E 20H R O N IC L E
ffiîiaticial
ATCHISON TOPEKA & SANTA FE RAILROAD COMPANY.-iContinued.)
C LA SS “ R , ” $ 2 0 .0 0 0 ,0 0 0 .
________
gpO DRAW FIXED INTEREST, PAYABLE OCTOBER AND APRIL, AT 4 PER CENT PER ANNUM.
These bonds to be issued in no greater sum in any one year than five millions of dollars (85,000,000), and only by the Trustee
—
upon certificate of the Board of Directors of the Company duly furnished that the proceeds shall apply to speciflo Improvements
(including E ruipment) therein named on the mileage of the Atehison Topeka & Santa F6 Railroad System as it existed as of July 1.
1892 exclusive of the mileage of the St. Louis & San Francisco Railway System and the Colorado Midland Railway. In the event
that the improvements in any one year shall not be equal to the proceeds of the $5,000,000 of bonds, it is understood that the surplu«
Moceeds o^such bonds shall apply in the next year following to Improvements for such year, but to no greater amount than the
proceeds of $5,000,000 of bonds in any one year, so that, while provision is
o f bo ndt* a n ^ U ^ l l a o
#5 000 000 the proceeds of the same may apply to more than the four years covered hy the ©20,(K)0,000 of Donas, ana U is also
understood that^the proceeds of none of these bonds shall apply to the extension of the Company s lines beyond the mileage
referred to.
*
*
*
*
*
*
*
*
P ® * '¿ h e foregoing issues, of which the use of the Class B Second Mortgage»Gold B onds$20,000,000 extends over a P ^ iod of not to* than four
vcars from Julv 1 1R92 will amount in th© affffrcffat© to $100,000,000 when all the Class B Bonds are issued, and at the end of four Ana
J w J r T e S from Juiy l 1 “ ^ b e c o m e bonfs of one class 'only, at the same rate of interest per a n B ^ ^ . ^ p er cent Under th ^ n e w
Mortgage the right is reserved to the Company to issue Second Mortgage 4 per cent Gold Bonds, only after the full amount of the $20,000,000
“ S M B o n d s 8ihall have been issued t? an amount not in any^one> year exceeding $2,500 000 for the same specific purposes, on the same
mileage and under the same conditions as provided for the issue of the Class B Bonds,
$50,000,000.
^
excentin«
Under this Plan, the Fixed charges of the Company for four years beginning with July 1 , 18 9 ^, with no Contingent Charges exoeptmg
such as will pertain to dividends on Capital Stock, will he as follow s:
F I X E D C H A R G E S F I R S T T E A R , B E G IN N IN G J U L Y 1 , 1 8 9 2 .
T a x e s * R e n t a ls , I n t e r e s t o n G e n e r a l M o r t g a g e 4 p e r c e n t G o ld B o n d s , e t c ....................................................................
’ ^ n o ’ n on
4
p e r c e n t o n $ 5 ,0 0 0 ,0 0 0 C la ss “ B ” S e c o n d M o r t g a g e G o ld B o n d s ..............................................................................
T o t a l O b lig a t o r y F i x e d C h a r g e s a h e a d o f C a p ita l S t o c k , F ir s t T e a r . . . ............................................................
F I X E D C H A R G E S SECOND T E A R , R E G IN N IN G J U L Y 1 , 1 8 9 3 .
‘T nTAa R A n tn ls . t n t e r e s t o n G e n e r a l M o r t g a g e G o ld R o n d s , e t c . . . . . . . . . . . . . . . . ........... .
2 1 - 2 p e r <^*nt ^ n t e r ls t o n C lass “ A ” $80,00(>,1)00 S e c o n d M o r t g a g e G o ld B o n d s , 3 m o s ................./ « o o ’ o o o
* p e r c e n t I n t e r e s t o n C la ss “ A ” $ 8 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld B o n d s , 9 m o s .......................1 ,8 0 0 ,0 0 0
A p e r c e n t o n $ 1 0 ,0 0 0 ,0 0 0 C lass “ H ” S e c o n d M o r t g a g e G o ld B o n d s ............................................................................
T o t a l ............................................ - ....... - ......................... - ............ ............ -
2 0 0 ,0 0 0
$ » 0 ,2 0 0 ,0 0 0
$ 8 ,0 0 0 ,0 0 0
# 300 000
4 0 0 ,0 0 0
...............................- ......................... ............: ........ $ 1 0 ,1 0 0 ,0 0 0
T O T A L F I X E D C H A R G E S T H I R D T E A R , B E G IN N IN G J E L T 1 , 1 8 9 4 .
T a x « « . R e n t a ls . I n t e r e s t o n G e n e r a l M o r t g a g e G o ld B o n d s , e t c — ............................................................... .
$ 8 ,0 0 0 ,0 0 0
3 n e r c e n t In te r e s t o n C la ss “ A ” $ 8 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld R o n d s , 3 m o s ......................... $ 6 0 0 ,0 0 0
1
¥ -2 p e r V e n t I n t e r e s t o n C la ss “ A ” $ 8 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld B o n d s , 9 m o s .......... .2 ,1 0 0 ,0 0 0 2 , 7 0 0 ,0 0 0
4 p e r c e n t I n te r e s t $ 1 5 ,0 0 0 ,0 0 0 C lass “ R ” S e c o n d M o r t g a g e G o ld B o n d s ...............................................................
6 0 0 ,0 0 0
T o t a l ............................................................................................ ................ ....................... ..................................................................... $ 1 1 ,3 0 0 ,0 0 0
9
T O T A L F I X E D C H A R G E S F O E R T H T E A R , B E G IN N IN G J E L T 1 , 1 8 9 5 .
< r „ . R p iit a ls . I n t e r e s t o n G e n e r a l M o r t g a g e G o ld B o n d s , e t c ..................................................................... ........—
3 1 -2 p e r c e n t in t e r e s t o n C la ss “ A ” $ 8 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld B o n d s 3 m o s ..............o$lo n * 0 0 0
4 p e r c e n t I n t e r e s t o n C lass “ A ” $ 8 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld B o n d s , 9 m o s .....................2 ,4 0 0 ,0 0 0
$8, 000, 000
I n t e r e s t o n C lass “ B ” $ 2 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld B o n d s ..................................................................................
8 0 0 ,0 0 0
T o t a l . ............. ............................................................................................... -
- .......... ............................................ ..................
10Q 0 0 0
$ 1 1 ,9 0 0 ,0 0 0
T H E F I X E D C H A R G E S F O R T H E F I F T H T E A R , A N D T H E R E A F T E R , P R O V I D E D NO F E B T H E R IS S E E
O F SECO N D M O R T G A G E B O N D S S H O E L D B E F O E N D N E C E S S A R T , W I L L B E
T a x e s , R e n t a ls , I n t e r e s t o n G e n e r a l M o r t g a g e 4 p e r c e n t G o ld B o n d s . . . . . .................................................................. $ 8 ,0 0 0 ,0 0 0
4 p e r c e n t I n t e r e s t o n $ 1 0 0 ,0 0 0 ,0 0 0 S e c o n d M o r t g a g e G o ld R o n d s .......................................................................................4,O U U ,w w
T o t a l .................. ................................................. ........................ .............................................................................
..................... . $ 1 2 ,0 0 0 ,0 0 0
In oase the Improvements in any of the years above noted call for less than the proceeds of $5,000,000 Second Mortgage Gold Bonds, the
^ ^ ^ S s^ M u d es^ C ^ T ru s^ S eries^ vA y^ A toh ison Company, in total amount $2,500,000. The first Car Trust of 1890-91 proposed to have
been issued, in amount of $2,508,945 48, has been canceled, and the Rolling Stock turned in under the lien of the General Mortgage and »econo.
Mortgage Bond indentures.
_
_____ ___
_
s
DEPOSIT OF BONDS FOR EXCHANGE :
INCOME BONDS WILL BE RECEIVED FOR EXCHANGE UNDER THIS PLAN, BEGINNING WITH JUNE 1ST, 1892, BT THE FOLLOWING APPOINTED
AOENCIBS
UNION T R U S T C O M P A N Y O F NEW Y O R K , At O ffice o f A tch ison C om pany, 9 5 Milk St. B oston .
UNION TR U ST COM PANY OF NEW YO R K , 8 0 B roadw ay, New Y ork C ity.
BARING B R O T H E R S & COM PANY» LIM ITED. 8 B ish op sg a te-w ith in , L on don E. C .
Holders forwarding bonds from distant points in America should ship them, by express, to the Union Trust Company of New York, 80
.Broadway, New York City.
*
~
T. .. . T ,
Holders in foreign countries should ship their bonds to Baring Brothers & Company, Limited, London.
All expenses of transmission of bonds delivered at either of the above Agencies will be paid by the Atchison Company.
Pending preparation of engraved bonds. the work upon which is proceeding with despatoh, Negotiable Certificates of the Company ana
(Depository will he delivered Income Bondholders, to be exchanged without unnecessary delay for the former in due course. Application to ust
.these Certificates will be promptly made to the several Stock Exchanges in Boston, New York and abroad.
^
Income Bond Scrip of any class will be received for exchange, the same as the bonds, in amounts not less than $100 and in even hunareaa
* r thousands. ^
of th# bon(j s canea f0r exchange under Circular 63 of October 15,1889, upon presenting their bonds to any of the Agencies
'mentioned, can effect the original and present exchanges at the same time.
T O E N A B L E T H E C O M P A N Y A N D IT S A G E N C IE S T O P R O M P T L Y g C A R R Y O U T T H E E X C H A N G E .O F F E B E D
H E R E I N , H O L D E R S S H O U L D D E P O S I T T H E I R IN C O M E B O N D S B E F O R E J U L T 1 5 , 1 8 9 2 .
SUBSCRIPTION TO SECOND MORTGAGE 4 PER CENT GOLD BONDS CLASS “ B.”
The Management considers at present a fair basis of market value of the new Second Mortgage 4 per cent Gold Bonds Class “ B ” to be 70.
Holders o f Income Bonds depositing their bonds for exchange are invited to subscribe to any amount of $5,000,000 of these bonds, which
w ill bo authorized to he issued for Improvements to he made for the first year, beginning with July 1,1892, at a price of 67, the bonds allotted
.to carry all coupons for Interest at 4 per cent from July 1, 1892.
__„ ,,
„
, . ,, ,
_.
Each depositor of $1,600 in Income Bonds will he entitled to subscribe for $100 of the new Second Mortgage Class B ” Four Per Cent
Bonds. In the event of applications exceeding the total amount to he offered for subscription, the excess will be adjusted in proportion to the
koldii^rrangements have been made by which this subscription has been underwritten, a syndicate having been formed to take all the bonds not
«vailed of by Inoome Bondholders:
_
. „ „ . _ ___,
SUBSCRIPTIONS WILL BE PAYABLE AS FOLLOWS:
10 PER CENT IN CASH TO ACCOMPANY APPLICATION.
25 PER CENT UPON ALLOTMENT.
25 PER CENT WITHIN 30 DAYS AFTER ALLOTMENT.
20 PER .CENT WITHIN 60 DAYS AFTER ALLOTMENT.
20 PER CENT WITHIN 90 DAYS AFTER ALLOTMENT.
PATJST3NTS M A Y B E A N T I C I P A T E D U P O N A N Y D A Y ¡U PO N W H I C H IN S T A L M E N T S A R E D U E , A N D IN *
"T E R E S T W I L L B E A L L O W E D T H E R E O N A T T H E R A T E O F F O U R P E R CEN T P E R ANNUM .
The Subscription L ist will close on the 1st of J uly , 1892.
„
«■?
a i r. oash payments under this Subscription will he made to the Atchison T ophka & Santa F e R ailroad Company , 95 Milk Street ,
B oston, and at its Fiscal Agencies, Messrs. Baring , Magoun & Company , 15 W all Street , New Y ork , and Messrs. B aring B rothers &
C ompany , L imited, B ibhofsgate-within , London, E ng., at all of which places blanks will be furnished as may he required. Receipts will be
issued by such depositories as Agents for the Subscribers upon the understanding that the moneys received shall he held in trust, not to be paid
for the uses of the Railroad Company until the Directors of said Company shall officially announce that the Plan of Conversion has become
effective.^ ^
written inquiries concerning this Plan, and applications for Circulars and blanks for use thereunder, can he made of Messrs.
B aring, Magoun & Company , 15 W all Street , N ew Y ork City , Messrs. Baring B rothers <fc Company , L imited, L ondon, E ng., and of J. W.
R einhart , V ice-President A tchison Company , 95 Milk Street , B oston. By order of the Board o f Directors.
J . W . R E I N H A R T , Vice-President
G E O R G E C. M A G O U N , Chairman.
c h r o n ic l e .
th e
?LU
Ifitraujciat.
IPtiaticiai.
ISSUE C F
1st Mortgage 3 0 - Year
5 Per Cent
G O LD B O N D S
$ 1 ,5 0 0 ,0 0 0
1st Mortgage 5 Per Cent
3 0 -Y E A R
G O LD BO N D S
OF TH E
City & Suburban Rail
way Company,
OF THE
Roanoke & Southern R ’y Oo.
Principal
and Interest Unconditionally
Guaranteed by the
NORFOLK & WESTERN RR. CO,
DUE JUNE, 1922.
GU A RA N TE E EN GRAVED ON EACH BOND.
H A L F -Y E A R L Y INTEREST COUPONS
PAYABLE 1ST DEC. AND 1ST JUNE IN
THE CITY OF BALTIM ORE.
These bonds are secured by a first mortgage o f
122)4 miles o f road, running from Roanoke in Vir
ginia to Winston-Salem in North Carolina, connect
ing at its Southern terminus with the Cape Fear &
Yadkin Valley Railroad and the Northwestern North
Carolina Railroad, and through these connections
reaching thé Richm ond h Danville, the Seaboard &
Boanoke and the Atlantic Coast Line, thus opening
up at once a large business with the country tribu
tary to these commettons and giving the N orfolk &
W estern an almost direct route South fo r its coal
trade from the Pocahontas fields.
SAFE DEPOSIT & 1TRUST COMPANY OF B A L
TIMORE, TRUSTEE.
Total amount of Mortgage $8,000,000.
The remaining $1,500,000 to be issued only If and
as future requirements o f the company may demand,
and then only in accordance with, and subject to the
limitations of, an agreement between the railway
company and the bankers.
(.Extract of a letter of the President o f the City and
Suburban Railway Company:)
“ The City & Suburban Railway Company is a
r consolidation o f the properties form erly known as
“ the Baltimore Union Passenger R lilway Company,
“ the Baltimore & Hampden P ssenger Railway, the
“ Highlandtown & Point Breeze Railway, the Balti“ m ore & Yorktown Railway, thus merging through
“ City Lines running in several directions with the
“ m ost important suburban railways, and connecting
“ Towson, Catonsville, Hampden and Point Breeze*
“ The extent o f the Railways now owned and oper
a t e d by the City & Suburban Railway Company is
“ about fifty-three miles o f single track. A bout
“ eight miles o f additional track are to be con“ structed and all the lines are to be thoroughly
“ equipped electrically as a rapid transit Railway
“ System.
‘ ‘ W IT H HORSE*, AND UNDER SEPA
R A T E MANAGEMENTS, THE AGGRE
G A T E Ea r n i n g s o f t h e d i f f e r
e n t LINES FOR THE PAST THREE
“ YEARS AMOUNTED T O :
“
1889, N E T ............ ........ $ 8 7,70 8 SO
“
1890, NET........................ 95,260 .35
“
1891, NET.........................10 4 ,5 3 2 .4 2
“ OR $6 2,50 1.5 7 IN EXCESS OF THE
“ AMOUNT ACTUALLY Rt QUTRED TO
“ PAY THE INTEREST ON TH IS EN“ TIR E I-S U E OF BONDS F O R A COR
R E S P O N D IN G PEiilOD.
“ The net earnings for the first five months o f the
" present year show an increase o f $13,967.00 over
“ net earnings for the same period o f last year.”
The Bonds are Coupon Bonds o f $1,000 each, to
bearer, with privilege o f registration o f principal,
Principal and interest payable in United States gold
coin o f the present standard o f weight and fineness,
“ without any deduction by reason o f any tax which
said Railway Company may be required to retain or
deduct therefrom , by any lqw o f the United States,
or o f the State o f Maryland, fo r State purposes.”
These bonds cannot be redeem ed before maturity
and are secured by a m ortgage covering all the Lines,
together with the franchises, equipment, real estate
and property o f every kind and description, NOW
OWNED OR T H A T M A Y H E R E A FTE R BE
ACQUIRED by the City & Suburban Railway Com
pany.
A sufficient number o f the bonds o f this issue, not
exceeding 527, will be retained for the purpose o f re
tiring all o f the outstanding divisional bonds.
The undersigned, having purchased the balance o f
the above issue o f bonds, offer them for sale at 105
per cent and accrued interest, payable Wednesday,
July 6 (at which time negotiable receipts will be
issued, exchangablefor bonds as soon as engraved),
AND RECOMMEND THEM AS A DESIRABLE
INVESTMENT.
Application will be made to “ list ” these bonds on
the Baltimore Stock Exchange.
Copies o f the mortgage, counsels’ opinion, &c., may
be examined at our office.
The subscription will be opened at our
office on the morning of Wednesday, June
29 , and close at 3 o’ clock the afternoon of
the next day. Allotments will be made as
promptly as possible thereafter.
T he right is reserved to reject applications, to
close the subscription earHi r than the said date, and
to allot smaller amounts than those applied for.
A le x a n d e r B ro w n & Sons,
135 EAST BALTIM ORE STREET,
o r e , June 23,1892.
B a l t im
IV o l . L1V
W e have carefully investigated the busi
ness of this road, and the security of the
guarantee, and recommend these bonds as a
▼ery desirable investment. They are listed
on the New York and Baltimore Stock Ex
clut nges.
The officials o f the company state that the com
pany is already earning m ore than its fixed charges
independent o f any guarantee, and that they confi
dently expect that it will earn a considerable surplus
this year.
The entire capital stock o f this company is owned
by the N orfolk
W estern Railroad Company, the
guarantor o f the principal and Interest o f these
bonds, w hich company in the fiscal year 1891 earned
a surplus o f $1,203,790 over all fixed charges. The
total amount o f this mortgage is $2,041,000, or the
rate o f $16,661 per mile, which is materially less than
the actual cost o f the road.
These bonds have been purchased by some .of the
m ost careful investors in Baltimore, including sev
eral o f its m ost conservative Institutions.
W E OFFER SUBJECT TO SALE OR AD
VANCE IN PRICE A LIM ITED NUMBER
OF THESE BONDS AT 97)4 AND AC
CRUED INTEREST.
Edward Sweet & C o.,
NO. 38 ¡BR O A D ST., N EW YO RK CITY.
The Mercantile Trust & Deposit Co.,
of Baltimore,
B ALTIM ORE, MD.
REED
&
FLAGG.
BONDS
AND
Guaranteed Stocks,
11
Pine
Street, Mew Y o rk .
Charles T . Wing & Co.,
BONDS,
18 W A L L STREET, NEW YORK..
Frank E. Wing,
Henry A . Glassford.
Edward N. Globo. Special.
pH IC A G O ROCK I SLAND & PACIFIC
^
R A IL W A Y COMPANY.
Offic e of t h e T r e a s u r e r , )
Ch ic a g o , June 2 3 ,I8e2. {
A quarterly dividend o f ONE DO LLAR per share
will be pato A uv. 1 r ext to the shareholders o f this
Company’s stock, registered on the closing o f the
transfer books.
The transfer books will be closed June 29 and re
open July 29,1892.
W. G. P U R D Y , Treasurer.
f i n a n c i a l .
IN V E S T M E N T BONDS.
D etroit M on roe & T oled o 1st m ortgage
7s, 1 9 0 6 .
(Guaranteed by Lake 8hore & Michigan Southern.)
P ittsb u rg M cK eesport Sc Y o u g b lo g h en y 1st m ortgage 6 s, 1 9 3 2 .
(Guaranteed by Lake Shore & Michigan Southern.)
M cK eesp ort Sc B elle Y ern on 1st m o rt
gage G old 6s, 1 9 1 8 .
(Guaranteed by Lake Shore & Michigan Southern.)
D elaw are Sc H u d so n Canal R R . Co. 1 s t
m ortgage 7s, 1 9 1 7 .
(Pennsylvania Division.)
Chicago Sc Southw estern R R . Co. 1st
m ortgage 7s, 1 8 9 9 .
(Guaranteed by Chicago Rock Island & Pacific.)
St. L o u is J ack so n ville Sc Chicago 1st
and 2 d m ortgage bon d s.
(Guaranteed by Chicago & A lton.)
P ittsb u rg Cincinnati Sc St. L o u is 4 1 -2
per cent G old B o n d s, 1 9 4 0 .
(Guaranteed by Pennsylvania Co.)
L a k e Shore “ D ividend B o n d s ’ * 7 s ,
1 8 9 9 .’
City o f H o b o k e n , N. J ., 6s.
City o f D u lu th , M in n ., 6s.
City o f W ic h ita , K a n sa s, 6s.
State o f G eorgia 7s.
FOR SALE B Y
J . S. Farlee & Brother,
11
W A L L STR EET,
Coffin & Stanton,
BANKERS,
7 2 B ro a d w a y, Mew Y o rk .
The matured interest on the following bond ! is
payable at our office on and after July 1st:
City o f Columbus, O.,
Street Im provem ent 6 per cents.
City o f Jeffersonville, Ind.,
Municipal 5% per cents.
City o f Jeffersonville, Ind.,
Refunding 5 per Cents.
City o f Logansport, Ind.,
Refunding 5 per Cents.
City o f Spencer. Ind.,
Refunding 5)4 per Cents.
City o f Hamilton, O.,
W ater W orks 5 per Cents.
City o f Columbus, Ind.,
5 per Cents.
City o f Duluth, Minn.,
Park 4 per cents.
City o f Seattle, Wash.,
Union School Dist. 6 per cents.
County o f Mahaska, la.,
Refunding 5 per cents.
County o f Vanderburgh, Ind.,
Court H ouse 5 per cents.
County o f Scioto, O.,
Turnpike 6 and 8 per cents.
Olive Township, Ind.,
School 6 per cents.
Pelham, N. Y.,
Union School Dist. 4 per cents.
Montrose Borough, Pa.,
Union School 5 per cents.
Chattanooga (Tenn.) Water & Power Company.
First Mortgage 6 per cents.
Crawfordsville (Ind.) W ater & Light Company,
First Mortgage 6 per cents.
L ittleton (N. H .) W ater & Electric Light Co.,
First Mortgage 6 per cents.
N. Y. & Mount Vernon W ater Company,
First Mortgage 6 per cents.
Shelbyville (111.) W ater Company,
First Mortgage 6 per cents.
Topeka (Kan.) W ater Supply Company.
First Mortgage 6 per cents.
Debenture Guarantee & Assurance Company o f
Great Britain and America,
6)4 per cent Debentures.
July 10.
County o f Butler, O.,
Court House 4)4 per cents.
F ID E L IT Y LOAN & TRUST COMPANY
-F
OF SIOUX CITY, IOW A.
N e w Y ork . Offic e , 37 W at l St .,
)
June 22,1892. i
Coupons o f the six per cent debentures o f thi*.
Company maturing July 1st, 1892, will be paid on
and after that date at the office o f the Metropolitan
Trust Company, 37 W all Street, New York.
W . G. CLAPP, Treasurer,
klin t r u - t com pany,
F r a n MONTAGUE
COR. CLINTON ST.
:
B r o o k l y n , N. Y., June 8.1892.
The Board o f Trustees has this day declared a
dividend o f TW O (2) PE R CENT, on the -capital
stock o f the Company, payable July 1,1892, to stock
holders o f record June 24th. Transfer books will bsclosed from 3 o ’clock P. M. June 24th until 10 o ’clock.
A . M., July 1st.
JAMBS R. COWING, Secretary.
H U N T ’ S
M E R C H A N T S’
S Ä U e& Ig
M AG A ¿INE,
§ « M > ÿ p a p « ï,
REPRESENTING- THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
Entered according to Act of Congress, in t i e year 1892, by Wm. B. D ana & Co., in the office of the Librarian of Congress, Washington, D. 0.]
3£be Chronicle.
Terms of Subscription— Payable in Advance:
For One Y ear.................................................... .................... S’1® ®®
For Six Months ...................................................................... ■ JJ ®0
European Subscription (including postage)..................... 12 00
European Subscription Six Months (including postage).
7 00
Annual Subscription in London (including posta ge).... £2 10s,
Six Mos.
do.
do.
do.
. . . * 1 10s.
The I n v e s t o r s ’ s u p p l e m e n t of 160 pages is issued every other
month, on the last Saturdays of Jan., March, May, July, Sept, and
Nov., and furnished without extra charge to all subscribers of the
15 3 per cent, the gain at New York being 12*9 per cent, and
the increase elsewhere 18’7 per cent. A t many points the
ratio of excess over last year is very marked, notably at Min
neapolis, 86 per cen t; Tacoma, 85’2 ; Memphis, 69"3; Lincoln,
63-5 ; Salt Lake City, 47*6 ; Portland, 44’6 ; Omaha, 42-9, and
Peoria, 38’6 per cent.
Terms of Advertising:—(Per inch space).
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(4 tim es).. 1100 Six Months
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( W I L L I A M B . D AN A A C o., P u b lla b ers,
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JOHN G. FLOYD.
£
POST OFFICE B O X 958.
On page 1044 will be found the detailed returns, by States, of
all the national banks, under the Comptrollers’ call of May 17,
1892, kindly furnished us by the Comptroller of the Currency.
Previous returns were published— those for March 1, 1892,
in the Chronicle of April 16, 1892, page 688; those for De
cember 2, 1891, in the issue of January 30,1892, on page 199.
CLEARING HOUSE RETU RN S .
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, June 25, have
been $1,088,050,353 against $1,159,892,222 last week and
$927,200,855 the corresponding week last year.
Week Ending June 25
C l e a r in g s
1892
1891.
New Y ork ........................
Sales of—
$
661,889,063
Philadelphia..............................
B altim ore.............................. .
C hicago.......................................
St. L on is............................... .
N ew O rle a n s ......... ..
$439,246,451
66,766,252
48,579,852
10,250,377
65,860,000
16,021,615
5,928,849
+14*8
+18-2
-t-28’8
+07
+18-1
+15-3
+3-3
O ther cities, 5 d ays.................
$758,279,159
139,273,926
$652,053,396
120,860,643
+16-2
+16*2
Total all cities, 5 d a y s ....
A ll cities, 1 d a y .....................
$897,653,085
185,497,268
$773,523,039
153,677,816
+160
+20-7
$1,083,050,353
$927,200,855
+16*8
Total all cities fo r w e e k ...
The full details of clearings for the week covered by the
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 in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon June 18, with the comparative totals in 1891.
The aggregate exchanges for the week exhibit an increase
over the preceding similar period of fully twenty-six millions
o f dollars, the result in part of the more active speculation in
share properties on the New York Stock Exchange.
Instituting comparison with the week of 1891 we find that
there is an excess in the total for all the clearing houses of
1891.
$
586,405,740
P. Cent.
1892.
P. Cent.
+14-2
+12-9
(892.617) (4-91-6) (1,360,842) (+83*0)
(Stocks.............shares.) (1,710,571)
(858,800) (+62-1)
(683.600) (+10-4)
(754,900;
(Cotton.......■......bales.)
(Grain........... bushels.) (33,616.225) (34,074,837) ( +13 3) (35,381,882) (-1*1)
(76,000) (-38*7)
(156,000) (+15*5)
(180,000
(Petroleum..........bbls.)
<»
Total Middle.
Total Middle W estern
95,384,254
+5-7
113,352,441
-t-19'7
60.800.859
13.267.C20
13,384,300
7.303.651
1,918,502
1.317.13
885,026
813,319
217,000
4318
+18-5
+0*4
+8-3
+5-4
+98
+11-5
4-5-5
4 20-3
100,810,125
80,118,943
15,724,492
13,438.517
7,907,100
2,021,982
1.446,8+5
988,472
8+8,571
261,800
Philadelphia.
Pittsburg.......
B altim ore....
Buffalo...........
W ashington..
R och ester.!..
Syracuse.......
W ilmington..
Binghamton..
Chicago...........
Cincinnati......
M ilw aukee....
Detroit...........
Cleveland.......
Columbus........
Indianapolis...
P eoria..............
Grand Rapids.
L exin gton------
+21-4
+0-1
+18-3
+15"4
-1 -5
+13-0
-f-13‘0
+41-7
-9 -4
82,711,689
5,094.200
1,676,938
1,348.901
1,213,888
1,144,886
1.027.294
738,549
427,903
New H aven..
Springfield....
W orcester....
Portland........
L o w e ll..........
New Bedford,
Total New England.
+9 1
+1-9
99,211,042
4,995,500
2,190,710
1,605,655
1,209,507
1,209,352
1,231,960
1,196,161
502,554
87,4S8,268
5,145,500
2,113,801
1,437,337
1.157.464
1,239,801
1.016,110
805,939
435,899
+5-8
-1-0
+ 26-1
+66,
—4-6
+83
—11
+16‘9
+11-3
+14'1
+ 8-8
- 8-2
+19-8
+ 11-0
+40-4
+17-1
122,761,761
99,908,008
+22 9
111,615,680
"+14-7
113,173,804
15,035,650
6,341,429
6,612,708
6,286,448
3.890,500
1,540.551
1,999,187
1,123,416
407,633
83.355.267
12,835.950
4.624,503
5.805,915
5.108.336
3.225.600
1.841.038
1.442,652
856,495
448,016
+311
+17-1
-t-37'1
+13-9
+23-1
+20 6
—18 3
•i-38'6
+31-2
-9 0
102,160,265
14,743,850
6,7-*7,103
6,716,615
5,875,449
4,359,80
1,637,321
2,031,600
1,268,390
498,534
+19-5
-(-14-5
. - 30-9
+98
+24-9
+29'1
-1 7 -5
+ 26 ‘2
t 73-7
+7*9
156,411,321
122,543,802
-t-27 6
146,088,927 "+ Ï9 -2
San Francisco.
Portland.........
Salt Lake City.
Seattle.
Tacom a.
Los Angeles
Great Falls.
Helena '
Per Cent.
$504,079,245
78,043,006
62,590,254
10,321,361
77,752,000
18,466,885
6,126,408
N ew Y o r k ..................................
Week End’o June 11.
Week Ending June 18.
1892.
The St a t e a n d C i t y S u p p l e m e n t of 184 pages is also given to every
yearly subscriber o f the C h r o n ic l e .
_ ,
.
Subscriptions will b© continued until definitely ordered stopped. Tji6 Boston...........
publishers cannot be responsible for remittances unless made by drafts P rovidence...
H artford.......
or Post Office money orders.
Returns by Telegraph.
N O . 1,409.
S A T U R D A Y , J U N E 25, 1892.
V O L . 54.
* Not included in totals.
102o
THE
(C H R O N IC LE .
[V ol . LTV.
special cable to us, was due to the import of £319,000
chiefly bought in the open market but in part from
ST*T£ AND CITY D E f AflTMENT, Australia, &c. and to receipts of £470,000 from the in
terior of Great Britain. The Bank of France shows an
See pages 105!», 1000, 1061, 1062, 1063 and increase of £365,000 of this metal and, since the last
report, the Bank of Germany has gained about £468,000
1064 for o u r State and C itj Department.
A ll advertisements with relation to State and City Bonds gold.
Foreign exchange was dull at unaltered figures until
will likewise be found on the same and following pages.
Thursday, but the tone was easier after Tuesday, in
fluenced by offerings of bills against exports of gold,
and also by a little better supply of commercial drafts.
TE E F IN A N C IA L SITUATION.
Arbitrage operations for the week have, on the whole,
In speaking with a bank president this week about been such as to make a demand for remittance. Com
the condition of money, he said we get so small a return pared with Friday last there was no change
on loans now that it is nearly as profitable and a trifle in the rates until Thursday, when Brown Bros,
safer to let the funds lie in bank, and some bank man reduced to 4 87f for 60 days and to 4 89 for sight.
agers are acting in accordance with that belief. When Yesterday Baring Magoun & Co. and the Bank of
we state, therefore, that money is a little firmer and that British North America posted 4 88 for long and 4 89
the firmer feeling is reflected in all branches of the for short, while the Bank of Montreal posted 4 88 for
market, the explanation readily occurs that it is in part the former and 4 89£ for the latter. The market closed
owing to smaller offerings or less eager lenders as well as steady at 4 87i to 4 88 for 60 day and 4 89 to 4 89£ for
being in part due to an improvement in the demand, and sight. Rates for actual business were 4 87 to 4 87£ for
in part also perhaps to the gold exports. Of course the long, 4 88£ to 4 88£ for short, 4 88^ to 4 88f for cable
gold exports decrease the reserve, but there is so much transfers, 4 86£ to 4 86^ for prime and 4 85f to 4 86
left, so much of new currency coming from the interior, for documentary commercial bills. Gold to the amount
and the continuance of the outflow of gold at this, of $1,000,000 was shipped to Europe on Tuesday and
period of the year must of necessity be so short, that $2,500,000 on Thursday. The engagements for ship
the mere loss by export in the quantity of the reserve ment to-day are $1,750,000.
The statement just issued by the Bureau of Anthra
is not a very material consideration; quality counts for
more without doubt, for under the best of circumstances cite Coal Statistics and covering the month of May
no banker feels quite comfortable when he sees his shows a further improvement in the statistical position
gold balance going out of the country. Then, too, bor of the coal trade. That is, with an increase in produc
rowers are always a little less indifferent when the tion as compared with the corresponding month last
year of 191,587 tons, stocks at tidewater points have
reserve is decreasing.
Money on call, representing bankers' balances, has further diminished, indicating that the companies dis
loaned this week at 2 and at 1 per cent, the bulk of the posed of more coal than they took out of the mines—
business having been done at
to 2, making the average always providing that there has been no increas* in
for the week fully 1% per cent. In time money there stocks at interior storage points, with regard to which
has been a better demand for contracts on Stock Ex no information is furnished. Not only did tidewater
change collateral, and while the supply is abundant the stocks decrease during the month, but they amount to
offerings are not so general as they have been. Kates less now than at the corresponding date of any other
are 2 per cent for thirty days ; 3 per cent for sixty to recent year, being 684,662 tons, against 692,874 tons
ninety days ; 3^ per cent for four months, and 4 per on June 1 1891, 719,939 tons on June 1 1890, and
cent for five to six months. For commercial paper the 962,066 tons on June 1 1889. Tne following furnishes
inquiry i3 still good, but some buyers have withdrawn a comparison of stocks, production and consumption
from the market, and names have accumulated to a for a series of years.
moderate extent; consequently rates are firmer at 3 to
January 1 to May 31.
May.
3^ per cent for sixty to ninety-day endorsed bills re Anthracite Coal.
1890.
1892. | 1891.
1800.
1891.
1892.
ceivable ; 3^- to 4 per cent for four months commission
Ton*.
Ton*, j Ton*.
Ton*.
Ton*.
house names, and 4 to 5 per cent for good single names Stock beginning.. Ton*.
754,432
535,652 1,026,107
827,42*
711,671
I l l , 842
o f p e rio d ..........
having from four to six months to run. Last week's P roduction........... 3,531,121 3,289,534 8,096,551 15,575,314 14,184,851 11,920,800
Total supply .. 4,245,983 4,051,106 8,923,97» 10,329,746 14.730,503 12,946,497
bank return showed that five of the larger banks held
719,939
681,602
693,874
719,939
684,662
692,874
4t’k end o f period
$7,161,300 out of the $22,783,825 surplus reserve re
Disposed o f __ 3,561,801 3,358,231 3,204,036 15,645,084 14,087,629 13,226,558
ported by all the institutions.
Allowing for the changes in tidewater stocks it is
In London there has been a failure this week of a
firm of bankers, Barker & Co., with liabilities of thus seen that the amount disposed of in May 1892
$3,250,000. But the suspension seems to have caused was over two hundred thousand tons in excess of that
no disturbance for the reason that the troubles of the for May last year. And, as is well understood, the most
house arose from an inability to earn sufficient to pay satisfactory feature is that the companies realized
the high rates of interest which they had promised to better prices for their product. Of course it may be
depositors. It is said that only those who entrusted their that owing to the belief that a still further advance in
money with the firm will be losers. The cable reports prices will be made before long, dealers have been plac
discounts of sixty to ninety day bank bills in London ing orders which would not otherwise have been placed
:£ to £ of 1 per cent. The open market rate at Paris till much later, to that extent anticipating future
has advanced to I f @ l f per cent, but no reason is wants. Still it will be noted that the increase in the
assigned for the movement; the open market rate at amount disposed of is not confined to the present year,
Berlin is down to 2 per cent, while at Frankfort it is out has been in progress for several years. Thus the
H per cent. The Bank of Eugland gained £789,000 mlargement of 200,000 tons for 1892 comes after an
bullion during the week; this, as we are advised by increase of over 150,000 tons in 1891, and an increase
THE
/
uhi
THE
2 «, H A ]
of almost 200,000 tons in 1890, so that the amount
disposed of for May 1892 at 3,561,301 tons compares
with only 3,019,093 tons for May 1889.
For the fire
months to May 31 the record is even more striking, the
total of 15,645,084 tons for 1892, comparing with
14,027,629 tons for 1891, only 12,226,558 tons for 1890
and but 11,804,075 tons for 1889.
The Pennsylvania Railroad return of earnings for
May reveals characteristics such as have frequently
been noted when gross earnings were showing con
siderable gains. A t suoh times the managers take ad
vantage of the satisfactory state of the company’ s in
come to make extra repairs, renewals, &c., so as to
further improve the condition of the property. Hence
it happens that on the lines east of Pittsburg and Erie
while gross earnings in May increased $293,993, expenses
increased still more, or $347,242, thus producing a loss
in net of $53,249; and on the lines west of Pittsburg
and Erie the result is still more pronounced, for with
an increase of $288,195 in gross earnings there has been
an augmentation in expenses in the amount of over half
a million dollars ($542,130), leaving a loss in net of
$253,935. On the system as a whole therefore, with
an increase of $582,188 in gross earnings there
has been a decrease of $307,184 in net earnings, owing
to an augmentation of seven-eighths of a million dol
lars ($889,372) in expenses. It is worth noting that
neither in the case of the Eastern lines nor in that of
the Western lines has the increase in gross receipts the
present year been quite as large as the decrease in the
corresponding month last year. It is also well to point
vOut that the augmentation in expenditures now, comes
after a considerable contraction in 1891. In the follow
ing we compare the results on the Eastern lines back to
1887.
L in k s kart or
P it t s b u r g .
1803.
1801.
1800.
188».
1888.
iser.
May.
8
$
t
$
t
$
dross earnings....... 5,679,316 5,386,363 6,708,088 6,391,610 6,037,760 1,865,010
Op a ra fe expenses. 1,011,113 3,666,870 S.820,086 3,899,163 8,813,971 8,038,118
Met earnings...
1,666,133 1,718,883 1,883,917 1,896,658 1,713,766 1,611,593
Jan. 1 t o May 31.
dross earnings...... 87,103,617 36,031,766 86,786,607 31,073,U 8 33,777,803 31,168,836
Opsrat’g expenses. 19,108,603 18,381,336 18,867,311 16,139,631 15,656,681 11,386,913
Hat earnings...
1027
C H R O N IL C E .
7.694,011 7,660,680 7,019,16« 7,648,691 7,131,333 7,338,931
order that the company might have the use of the new
cars during the rush of summer work. The Jackson
ville Tampa & Key West for May reports net of $21,063
against $20,741, the Summit Branch net of $12,662
against $4,312, and the Lyksns Valley net of $4,000
against a deficit of $4,178. The Pittsburg Cincinnati
Chicago & St. Louis, which forms part of the Pennsyl
vania lines west of Pittsburg and Erie, reports for May
an increase of $147,873 in gross earnings, and a decrease
of $61,661 in net earnings. The Savannah Americus &
Montgomery for the same month reports gross of
$39,339, against $37,166, and net of $13,334 against
$11,772,
The stock market this week has been dull and irreg
ular, with certain stocks inclined to move upwards and
others moving down. The placing of the Richmond
Terminal Company in the hands of a receiver has been
one of the events of the week, and this, with the selling
out at auction of the collateral pledged as security for
a Richmond & Danville loan which had been called
and was not paid, caused a decline in all the securities
of the Terminal Company, both stocks and bonds. The
crop news has been quite encouraging, with the result
of giving a firm tone to the stoeks of the granger roads,
though Burlington & Quincy shares within the last few
days have developed considerable weakness. New Y ork
& New England, on the other hand, has shown an ad
vancing tendenoy, and Atchison and the Northern Pa
cific shares have also evinced considerable strength.
In the Atchison case reports that the deposits of income
bonds under the conversion scheme were very heavy
helped to make the shares firm and at the same
time very glowing accounts concerning the wheat
crop in Kansas also acted in that direction. The
nomination of Mr. Cleveland for President had a
favorable effect on the market, because of Mr. Cleve
land’s known sound views on financial questions.
The following statement, made up from returns col
lected by us, shows the week’s reoeipts and shipment!
of currency and gold by the New York banks.
Week Endino June SI, 189S.
C u rren cy..............................................
S old ............... ......... . . . . . . . . . . . . . . . . . .
R ueivedby Shipped by
N .Y . Bank». N. Y. Banks.
N et Interior
Movement,
$1,111,000 $1,810,000 Gain.83,271,000
300,000 Gain.
250,000
450,000
T otal gold and le g a l t e n d e r s .... 81,561,000 $3,010,000 Gain,$3,521,000
While the gross earnings for May 1892 are, with one
exception, the best for that month of all the years
Result with Sub-Treasury operations and gold export».
given, the net on the other hand is the smallest. For
Out Of
Into
Net Change in
Week Endino June 31, 1893.
the five months to May 31, while the gross is the largest
Bank».
Bank*.
Bank Holdings.
on record, the net falls below the amount for 1890, Banks’ interior m ovem ent, as above $1,561,000 $3,010,000 Gain.$2,821,000
33,800,000 38,600,000 Loss. 6,300,000
though being $43,484 better than for 1891. On the Sub-Treas. oper. and gold exp orts..
T otal gold and le g a l tenders — $36,861,000 $30,610,000 L oss.$3,779,000
Western lines, the result for the year to date is an in
The following table indicates the amount of bullion
crease over 1891 of $2,235,530 in gross earnings and an
in
the principal European banks this week, and at the
increase of $265,399 in net earnings.
From the Missouri Pacific we have secured this week corresponding date last year.
their return for April. It shows gross of $1,958,429
June 36 ,18 9 1.
June 23, 1 8»3.
Bank o f
against $1,929,375, and net of $344,024 against $441,Silver.
Total.
Gold.
Toted.
Silver.
Cold.
983. For the four months to April 30 there is a gain
£
3
S
£
£
£
37,968,766 38,198,058
37,668,766
38.193,038
of $642,137 in gross earniDgs and a gain of $165,790 Trance........... 38,156,311
51,903,113 115,861,836 53.088.000 51.075.000 1 01 ,16 3.0 00
in net earnings. The Columbus Hocking Valley & Jormany*.. . 87,803,350 13,600,760 60,108,090 80,870,667 15,135,333 16.3 06 .00 0
6.150.000 13.889.000 3 1 .8 39 .00 0
5,906,300 16,588,030 32,111,009
lu s t.-H u n ’y.
Toledo has also issued its return for April this Netherlands.. 8,310,003 8.971.000 10,181,099 8.918.000 5,689.000 9 .6 0 7 .0 0 0
1,850,099
1.150.000
3,037,333 1,513,667
3,900,000
1 .5 1 1 .0 0 0
week, showing a gain of $35,250 or 14 per cent in Nat. B ’lginm*
Tot.this week 119,918,337 69,167,865 380,111,993 121,553,038 90,103,990 311.661,063
gross earnings, and a gain of $13,541 or 12 per cent in ? o t . prev. w ’k 139,331,891 69,051,397 338,383,788 133,851,721 30,973.333 318,825.0617
net earnings. For the four months this road has
* The division (between gold and silver) given in oar table of coin and
increased its gross earnings $125,434 or 14 per cent, and bullion in the Bank of Germany and the Bank of Belgium is made from
its net earnings $27,483 or 7 per cent. We are told the best estimate we are able to obtain; in neither ease is it claimed to
be aoourate, as those banks make no distinction in their weekly returns,
that in the present year about $60,000 was charged in merely reporting the total gold and silver, but we believe the division
March and April for new coal cars; last year this we make is a close approximation.
charge did not appear until the autumn months. The Nots .—We receive the foregoingresults weekly byoable, and while no
ail o f the date given at the head of the column, they are the returns
equipment was purchased in the spring this year in issued nearest to that date—that is, the latest reported figures.
1028
P O L IT IC A L
THE
CONVENTIONS
EXPORTS.
AN D
C H R O N IC L E .
GOLD
|VOL
l iv
.
American securities. The truth is, fresh contributions
of foreign capital form a very important, yes an essen
tial constituent in our development, and consequently
when it is found through gold exports that London ia
selling largely, prices of securities do not advance in New
York, but fall off, (1) because we need in America all the
foreign capital we can get and are loath to see it leave
us, and (2) if we have got to buy back our securities wq
are going to get them at as low a price as we can. By
and by, when we have absorbed whatever American
securities Europe has to sell, the prices of our good
properties will advance. Tor the fear of currency em
barrassment is for the present put at rest at this financial
centre at least, and if our people can accept the resolu
tion passed and referred to above as a forecast of futurepolicy and action, the silver anxiety so far as th®
United States is concerned will have passsd away
forever.
That the gold exports now in progress have no basis
except in the fears of Europeans, is further proved to
day by the new figures of our foreign trade (thoss for
May) received from Mr. Brock of the Bureau of Sta
tistics on Monday, and issued last Saturday the 18th
of this month. By the way, it will be noticed that
these May results are issued five or six days earlier than
those for previous months, which increases their useful
ness very materially; we hope w® will be excused if we
ask too much, but this improvement leads us to suggest
that if the returns could be gotten out by the 15th of
each month, commercial classes would be further in
debted to the Chief of the Bureau and his able assist
ant?. Of course we are aware of the great difficulties
the gain of even a day makes it necessary to overcome
in a country where Customs Houses are so numerous
and far apart. W® have adopted a new form in pre
senting these May returns for our readers, a form which
we think will be more instructive as it also gives the
previous year's results by the side of the current year.
These totals show further marvelous improvement in the
condition of the trade. Instead of $13,932,000 mer
chandise imports in excess of exports as was the case in
May, 1891, there has been in May, 1892, an excess o f
exports over imports of $1,061,000. Or taking the 11
months of the fiscal year, the balance in favor of the
United States on the merchandise movement to June 1^
1892, is now $210,061,000, against $55,432,000 for the
11 months ending June 1, 1891. Our statement is a®
follows.
Attention lias been largely engrossed this week in the
proceedings of the convention which has been held to
nominate candidates for President and Vice-President
of the United States by one of the two great political
parties. Indeed during the whole of the current month
business has been more or less disturbed by the move
ments attendant upon the preparations for and the ses
sions of one or the other of these important national
gatherings. Now, however, that their work has been
completed and the result in each case reached has been
very favorably received in commercial and financial
circles, the general feeling expressed is that our indus
tries are likely to suffer less from the excitement and
uncertainties of the canvass than during any similar
occasion. This conclusion appears to be reasonable.
Both of the candidates for President have already held
the office at issue for one term, and their views on all
important public questions are well known, giving an
assurance of a conservative administration of affairs
whatever be the result of the election approaching. We
can consequently affirm that prospective political differ
ences hold out an unusually promising outlook for a
dispasiionate contest; and with the very encouraging
reports now coming up from almost all sections in re
gard to the crops, added to the general healthy state of
our industries, we see no reason why the country should
not be favored the coming season with greater business
activity than it has enjoyed for a long time.
Other than the political influences, the exports of
gold have operated as a dominating force, suppressing
in good measure the advancing tendency of our
markets. The restraint referred to, which these ship
ments have exercised, has not arisen front any present
fear that the currency situation was endangered by this
outflow. Indeed, there is a peculiarly wide feeling of
confidence prevailing in conservative circles in
regard to the currency situation at present. At the
political convention held this week, the party whose
tendency on that subject has been the most feared and
with reason, gave expression by resolution of its future
policy with respect to silver coinage which is as accept
able to all honest Eastern as it can be to Western and
•Southern bimetalists. Coining and circulating silver
dollars of equal intrinsic value with the gold dollar, and
as many of them too as the channels of commerce will
F o r e ig x T r a d e M o v e m e n t ov t h e U n it e d St a t e s .
absorb (not silver certificates, but dollars), can never
In the follow ing tables three ciphers (000) are in all cases om itted.
work any more harm to our industries or our finances
----------------- 1891-92.- --------------- ,-------------- 1890-91.-— ------—*
Exports. Imports.
Excess
than the circulation of half dollars can, and the more M e r c k a n - Exports. Imports. Excess.
*
$
8
8
8
d is e .
$
of these that are kept in active circulation the better July-Sept.. 218 ,20 9 194,500 + 2 3 .7 0 9
179,827 2 14,699 - 3 5 ,3 7 2
285 ,76 9 197,571 + 8 8 ,1 9 8
332,917 2 0 1 ,l 1^ + 1 3 1 ,7 4 3
pleased will every man be, in whatever State he lives, Oct.-Dee... 268
2 32,821 2 05,915 + 2 6 ,9 0 #
+ 5 3 ,9 3 *
,60 6 214,674
Jan.-M ar..
70,907
81,275 —10,868
—383
76,340
75,954
who is seeking the best interests of all sections. Fur April..........
58,062
+1,064
7 1.994 —13,93*
69,681
68,617
May...........
thermore, the same party declared itself in the clearest
8 26,836 771 ,45 4 + 5 5 ,4 3 »
. T o t a l___ 965,367 755,306 +216,061
terms in favor of the repeal of the 1890 silver law.
G o ld .
4,345
+9,982
-2 .6 9 5
14,277
7,180
9,875
All this is felt to be especially reassuring, and reassur July-Sept..
1,625
10,581
—8,95«
- 3 0 ,3 4 3
31,789
1,446
Oct.-Dec...
ing not only on account of the intention expressed, but Jan.-Mar..
+6,600
9.894
2,5786,463
+ 7 ,8 1 «
13.063
14,168
+7,035
'233 + 1 3 ,9 8 «
487
7,522
April.........
because it is so significant of growth and education. May...........
218 + 3 0 ,3 6 8
+ 3 268
30,581
580
3,848
In view of this advance in thought and opinion, we T o t a l....
—16,1*5
70,540
17,960 + 5 2 ,5 9 0
49,194
33,059
think it may be said with great confidence, that it cannot S i l v e r .
+ 1.8 68
5,558
7,427
7,345
5.147
+2,15*
be long before the silver craze is relegated to the dead July-Sept..
-6 8 5
6,126
5.491
6,702
+ 3 973
10,675
O ct.-Dec...
+ 1,968
3.345
5,318
7,81«
3,303
+ 4,013
issues and our cranks be found astride of some newer Jan.-M ar..
+
1,261
831
+090
2,092
2,173
April.........
1,182
hobby.
—428
1,141
718
1,875
1,478
+397
May...........
+ 4,0 40
17,001
21,041
Gold exports have however exerted a restraining in T o t a l.. ..' 29,3*3 17,812 + 11,571
— Excess o imports.
fluence, but chiefly because they show a sentiment or + Excess o f exports.
fear of our currency prevailing in Europe, which is
We subjoin the total* for merchandise, gold and sil
leading London investors to sell rather than to buy ver for the eleven months for six year*.
j»™
if, i » i
M e r c h a n d is e .
Eleven
Mos.
»1 -9 2
9 0 -9 1
8 9 -9 0
8 8 -8 9
8 7 -S 8
8 6 -8 7
THE
SILVER.
GOLD.
Excess
E x
of
ports.
Exports
Exports. Imports.
Excess
E xof
ports.
Exports
*
965,387
826,883
804,717
694,134
651,328
668,225
$
i
$
$
210061 33,060 49,194 *16,184
32,590
55,432 7 0,640 17,950
9S6
90,841 13.543 12.557
1 *',212 41,821 9,626 32,195
*9,709 15,222 43,641 *28,419
37,138 9,081 142.405 *33.324
*
755,306
771.454
713,876
683,922
661,037
6 31,087
Im
ports.
C H R O N IC L E .____________
8
29.383
21,641
33,883
33,482
25,677
24.549
Excesi
Im
of Exports.
ports.
$
1 7,812
17,001
20,175
17,280
14.488
1 6.278
8
11,571
4,040
13,707
16.202
11,089
8,27.,
* Excess of imports.
Could there he any clearer evidence than these figures
afford of a lack of the need of gold exports, if all condi
tions affecting our indebtedness other than our foreign
trade were the same as in former years ? The normal
condition is found represented by the totals in 1886-87
and ia 1888-89.
Since those years the fear from
our currency weakness has been growing in
Europe as it has been becoming more apparent
in America.
In 1886-87 with an excess of
merchandise exports of only $37,138,000 and of
$8,271,000 of silver exports or a total favorable balance
o f $45,409,000, we imported net $33,324,000 gold; and
in 1887-88, with a merchandise balance against us of
$9,709,000 and of a net silver balance in our favor of
$11,089,000 or a net balance in our favor of only $1,380,000, we imported net $28,419,000 of gold. This year
(1891-92), with a favorable merchandise balance of
$210,061,000 and of silver $11,571,000, or a total net
in our favor of $221,632,000, we have only imported
net $16,134,000 gold up to June, and are now ex
porting gold at the rate of several millions a week !
LONDON CRITICISM OF ATCHISON AN D
OF A M E R IC A N R AILR O AD METHODS.
In the London Times of June 4th there appeared a
letter signed “ Finance ” bearing on the Atchison In
come Bond Conversion which has attracted consider
able attention. Several communications regarding the
letter have been addressed to us, and we have been
requested to state our opinion respecting the sugges
tions which it contains. One of these communications
we give on another page over the signature “ British
Bondholder,” and we also publish the letter of
fe Finance ” which called it forth and the brief intro
ductory remarks that accompanied the letter in the
columns of the Times.
The circumstance that gives particular interest to
the letter in question is that, incidental to the consid
eration of the Atchison bond conversion, the writer
enters into a pretty thorough discussion and analysis
of American methods of railroad financiering in gen
eral. The author is thoroughly well informed it ie
easy to see, and shows a wide knowledge of railroad
affairs. He writes in good temper and spirit, and his
criticisms are friendly in their nature. He shows an
appreciatioa of the needs of railroads in the United
States, and also a keen insight into the circumstances
attending their operation. Altogether the contribu
tion is a noteworthy one, and merits the consideration
it is receiving.
To state the views of “ Finance” in brief, he belie veß
that the best policy for the Atchison would have been
to have exchanged the income bonds into preference
stock “ with the voting power which belongs to a stock
and the right to allotments of new capital hereafter.”
He thinks the Atchison managers make a mistake in
limiting themselves to the proceeds of the sale of five
million dollars of bonds a year for their yearly capital
requirements. “ Why should we insist,” he says, “ on
1029 -
fixing the company’s authorized borrowing powers in
the strait waistcoat of this second mortgage, limiting
for years the maximum expenditure on capital acoount
regardless of the demands of the future?” With the
incomes exchanged into a preferred stock, the company,
he argues, would not be hampered in that particular.
By way of illustration he cites the case of the
Erie, which labors under considerable disadvantage,
owing to the lack of a broad basis for satisfying its newcapital requirements, and urges that the Erie to-day
would be a much stronger property if after the last
default the second mortgage 6 per cent consols had
been converted into 4 per cent guaranteed preference
stock at 150, thus giving the company power to issue
securities ahead of those bonds and obtain the means
necessary to ensure the growth and development of the
system.
“ Finance ” would have American methods changed
to correspond more closely to English methods and
have new capital supplied through the issue of stock,
graded in classes as on the other side. He commend»
the example of the Pennsylvania in raising money in
great part through additional share issues, and refer*
to the case of that road, the New Haven, the Delaware
& Hudson, etc., to show the successful eareers of roads
following that method of financiering. “ We are told,”
he says, “ that American railways are built on debt
“ and not on stock, till their capital account is like a
“ pyramid standing on its apex. We criticise them
“ accordingly and have our fling when default occurs,
“ or any plan is proposed to cure the evil, and by way
“ of remedy we pile up the fixed charges worse than
“ ever and invite another break-down.” He would fol
low English methods in one other particular, namely
in doing away with the right of foreclosure, which he
characterizes as “ an illusory remedy against the corpus
<< of the golden goose.” Railroads should be treated as
“ going ” concerns. Finally he expresses a feeling of
regret that in the Atchison case a great opportunity of
re-classifying the capital account was lost. “ British.
“ Bondholder,” in his communication to us, in the main
expresses approval of these views of “ Finance,” and
urges that if the capital accounts of our railroads were
arranged so as to provide for classified issues of stock—
say three classes, Guaranteed Preference, Contingent
Preference and Ordinary—with very little debt, Ameri
can railroad securities would find increased favor in
England. He also urges the importance of a better
understanding with investors on the other side.
We think these suggestions are excellent, and the only
criticism we have to make is as to whether they are en
tirely practicable. There certainly can be no difference
of opinion as to the desirability of increasing the pro
portion of stock and diminishing the proportion of
bonds in the total of railway capitalization, and we
have frequently argued in favor of such a course pro
vided circumstances permit its adoption. It can be
asserted, too, that the tendency among some of the
best-managed companies is in that direction. The
Pennsylvania, the Delaware & Hudson, &c., furnish,
illustrations in support of this statement, and we might
mention several other companies not ranking as high
as these and having poorer credit, that have followed
the same policy. Where a road enjoys superior credit
and is able to pay regular dividends, and its stock sells
high, there is no difficulty in providing needed capital
by the issue of stock ; in such cases, too, the English
method finds favor among the managers. But where
a road is not able to pay dividends and its stock
loso
THE
C H R O N IC L E .
sells at low quotation*, this method loses many
oí its attractions and in effect becomes im
practicable. If the shares of a road sell in the
thirties or forties, the issue of additional stock
is manifestly an operation whose wisdom is open
to question. The additional shares, to make them ap
pear attractive, could only be disposed of by offering
them at some further discount, and thus for every dol
lar of money secured it would be necessary to issue
three to four dollars of stock. Where this method has
been tried it has a* a rule been found decidedly ob
jectionable in causing a further depreciation in the
market price of the shares, and in swelling unduly the
total of stock, to that extent diminishing the probabil
ity of earning any considerable return on it— factors
which do not tend to enhance a road’s credit. But en
tirely apart from this, there is one other considera
tion to be taken into account, and which effectually
precludes the general adoption of this method. We re
fer to the fact that public sentiment does not sanction
it. The issue of large amounts of securitie* for a con
sideration so much less than the face value of the same,
leads to the charge of
watering ” and inflation, and
in the newer or agricultural States would be unsparing
ly denounced, if not met by further hostile legislation.
But it is precisely in those States that the need for
new capital is most urgent.
Even if the new stock were issued in the form of pref
erence shares, making it possible to obtain a better
price than by the issue of common stock, the shares
would yet have to be offered at a heavy discount, and
certainly it could not be expected, as things are now,
to secure as much for them as for an issue of mortgage
bonds.
On the other hand bond issues under
present conditions possess distinct advantages such
as cannot be claimed for share issues. Suppose a
company is in need of additional terminals and secures
them by purchase. To get the means to pay for the
purchase it issues mortgage bonds secured by a specific
lien on the property acquired, and these bonds as a rule
command a ready sale for that very reason—that is be
cause it is known that they have back of them clearly
defined pieces of property of value. So too where new
branches or extensions are built. Bonds secured by
mortgage on the new road will find takers more read
ily than any other form of security in the case of the
class of companies we are considering. The same cir
cumstance makes it necessary to preserve the foreclos
ure right, for there is no other way in which the bondholder can in the event of default secure possession of
the property given as security for his bond, and on the
strength of which he made his investment. Of course
now-a-days this power of foreclosure is rarely exercised
in such a manner as to wipe out the stock, nor is it
desirable that any equity should be extinguished so
long as all prior equities are fully protected ; but the
right we see is necessary to give the bondholder the
particular piece of property to which he is entitled,
and furthermore answers the purpose o f compelling
stockholders to pay an assessment, to retain their equity,
when the necessity for such a step arises.
It is thus evident that the reason why the English
method of raising money for new capital requirements
does not prevail to a larger extent in this country is
that the conditions are different, making it imprac
ticable in many cases to pursue that method.
In the New England States where the conditions
more nearly approach those of the mother country,
the English plan
has already been
widely
fTofc. LIT.
adopted.
In the Middle States there appears
to be a tendency in the same direction, judging from
the action of the Pennsylvania, the Delaware & Hud
son, &c. In other parts of the country, as the systems
become more nearly complete and as greater success
attends their operations, the tendency will in time be
in the same direction. For the English method hat
evidently many things to recommend it, and the main
point to be urged against it is that the conditions here
are not such as to admit of its general application as
yet. This also will furnish an answer to the criticism
so frequently made on the other side that American
railroad managers do not show any disposition to con
form to English ideas, even in the case of those proper
ties where the ownership is largely held abroad. The
disposition does exist, for though our railroads are no
longer so largely dependent upon foreign capital as
formerly, yet many of the largest companies do secure
much of their capital abroad, and thus the directory
have every inducement to seek to manage the proper
ties so as to please foreign investors. Owing however
to the conditions prevailing here— conditions relating
to public sentiment as well as to the nature of the traf
fic, the state of the country’s development, &c.— a
close conformance to English ideas is not always
possible.
In the Atchison case the circumstances were peculiar
and exceptional. There can be no doubt that it would
be preferable to exchange the incomes for preferred
stock rather than for second mortgage bonds, since
that would allow the company greater latitude for new
capital expenditures, besides possessing other advan
tages. It is pleasing to hear, too, that "F in a n ce ”
would have been willing to consent to an exchange of
that kind. We are sure, however, that the great bulk
of the bondholders would not have given their adhesion
to such a proposition; the average holder would hesi
tate long before exchanging his income bond (secured
by the same indenture as the 1st 4s) for a preferred
stock possessing voting power to be sure but on which
the dividend in his judgment would be as uncertain as
on the incomes. As this proposition therefore was
barred out and as the company must have money for
new capital, and as to secure it some inducement had
to be offered to the income holders to get them to
yield up their present security, the scheme actually
proposed appears on the whole to be the best that could
have been devised. “ Finance ” seems to fear that
under the new second mortgage the company has not
allowed itself enough money to meet its yearly require
ments. On that point of course only the managers
are competent to speak. The first five millions of second
mortgage bonds, being offered to income holders as a
special privilege at 67, will net only $3,350,000. Pre
sumably it will be possible to obtain much better prices
for subsequent issues. In any event, however, “ Fi
nance ” is mistaken in saying that the company’s bor
rowing powers are fixed “ in the strait waistcoat ” of the
second mortgage. The proceeds of any bonds so sold will
be for a specific purpose—that is “ for improvements re
lating alone to tracks, road-bed, buildings,machinery and
rolling stoek.” Should the company wish to extend its
mileage or double track the system, it has ample au
thority to raise money under the provisions of the first
mortgage, which allow it to issue bonds for these pur
poses at the rate of $20,000 per mile.
The London Times in its brief introductory to the
letter of " Finance” makes some severe strictures on
the Atchison, which deserve a moment’s notice.
It
J u n k 35, 1882.}
THE
C H R O N IC L E .
1031
»ays that “ the history of the Atchison Company is not ture of credit we have been contracting the ba&t
such as to induce any creditor of theirs to trust them which has been its support; we have been lessening- a
to treat him fairly unless he is in a position to com fund which stood as a public assurance of the convert
pel them to do so,” and, further, that the shareholders ibility of our paper money when the currency situa
ought to have been wiped out altogether in 1889 “ in tion at home was daily becoming more embarrassing,,
stead of being left in control of the road they, through and at a time too when all the governments of Europe?
the Board, their representatives, reduced to bank recognized the importance of strengthening their
ruptcy.”
“ British Bondholder” makes a complete financial position.
answer to the charge of the Times when he asks if there
But while regretting the course pursued and the re
was not a radical change in the management in 1889. sult reached, we ought to say perhaps that so far a&
There was a change in that year.
In truth, the pres official action is concerned, decreasing the surplus wasent managers of the Atchison have administered the believed to be in accordance with a popular demand*
property with admirable skill and have done every and also was a policy which would most likely have
thing to merit confidence. As regards wiping out the been enforced by Congress if it had not been adopted*
stock, the suggestion is a strange one coming from Furthermore, the present administration claims that it
a country where the idea of extinguishing a railroad has authority, and it has also asserted that it will use?
equity is supposed to be obsolete. But disregarding the authority to replenish the Government reserve by
English usage, even on this side the complete wiping a sale of bonds in case the need arises. How far that
out of a stock is a very rare occurrence. It should be process (assuming the claim of power is legally correct]^
remembered, too, that the Atchison stockholders have is feasible it would be a waste of time to inquire. Thoreally been the chief, we might almost say the only, popular belief is that Government credit is an indefinite
sufferers by the misfortunes which culminated in 1889. resource, and in the particular mentioned we have no
Many of these holders bought their stock when it was desire to narrow the prevalence of that belief. As to
paying dividends and sold above par. They have seen the legal question the proposal raises, possibly some
the dividends vanish and the price decline to low fig light may be shed upon it when the House Judiciary
ures. On the other hand, the old bondholders under Committee, which now has under consideration the
the 1889 reorganization had the principal of their hold subject of the gold reserve fund, shall make its report*.
ings very greatly increased and the interest graded so Still it is very doubtful whether that question can ever
as to yield the same aggregate sum as before, part of be settled short of a judicial decision.
this being fixed and part made contingent. They have
It was not, however, in reference to what ha* baem
also seen their securities greatly appreciate in value, so done in decreasing the Government gold reserve that
that on the whole most of the benefits resulting from we planned to write. Our purpose was to oall atten
the reorganization have inured to them.
tion to a feature in the situation of to-day that tend*
In conclusion it seem* desirable to correct also the in soma measure to compensate for and offset the loss o f
impression that the latest proposition— we mean the Strength by the Treasury Department and which ought
Income Bond Conversion— specially favors the stock not to be overlooked. In a degree it is an encouraging
holders. An esteemed correspondent in Zurich, in condition, and if we have the legal right to add to i t
writing to us and expressing dissatisfaction with the the power, the Government assumes that it possesses, to*
proposition, states that the difference between the sell bonds when needful to replenish that reserve, tha
present rate of 5 per cent on the incomes, and the currency situation is in a far less desperate state than*
maximum rate of 4 per cent on the new second mort some have assumed. The feature we wished to refer to
gage bond* to be given in exchange, will count as a was the enlarged bank holdings of gold, an increase that
permanent saving for the benefit of the stockholders. has been progressing concurrently with the decrease o f
That is a mistake. When the $20,000,000 of Cías* B the holdings by the Government. Formerly the Treas
bonds shall have been issued— say four years hence— ury holdings averaged about 200 million dollars. Th&
the total interest charge will be precisely the same as actual average made up from the monthly reports in.
at at present; that is, 4 per cent on $100,000,000 1888 was $203,313,417, in 1889 it was $190,861,882, in
second mortgage bonds will call for just as much as 5 1890 it was $178,764,602 and in 1891 it was $135,093,per cent on the existing $80,000,000 of incomes. 703. Thus we see that the contraction began in 1890,.
Through the second mortgage plan the company will was carried forward very rapidly in 1891 (the total net
get the proceeds of $20,000,000 of bonds for new gold holdings reported December 1 1891 being $129,capital requirements, but on the other hand in the 193,224), and on the first of June 1892 the amount had.
absence of this plan the money would of necessity been reduced to $114,231,883.
come out of current earnings and money so taken
Taking then $190,000,000, the average holdings in
would impose no burden of interest charges on the 1890, as the normal condition of the Treasury, the
company. The advantage therefore would seem to be amount of the decrease on June 1st 1892 had reached
with the bondholder* in placing the company in a $76,000,000. That is undoubtedly a large loss, but it
position where it can make regular returns to them.
ha* not been scattered where it cannot be traced. lit
the first place the gold coin and bullion in the country,,
according to the Mint figures, wa* $695,189,333 on May
H AS THE STOCK OF GOLD I N SIGHT
1 1890 and $680,438,749 on June 1 1892 ; that shows;
DECREASED.
a net loss by export of about 15 million dollars, leaving
The smaller reserve of gold our Government has been about 61 million dollars to be accounted for. Whera
carrying of late has provoked criticism and been a may we look for that ? We have reason to believe that
chief source of the solicitude which has for months considerably more than all of it is to be found in the?
back prevailed.
In common
with conservative vaults of our banks. To obtain exact figures of the
classes we cannot but think the policy unwise total bank holdings of gold is not possible, since very
which has led to such a result.
The outcome few of the States make up their returns of cash hold
is that while rapidly adding to our superstruc ings of State banks separately; on the contrary paper*
1032
THE
C H R O N IC L E .
«ilver and gold are in almost all cases given in one
item. But an approximate idea can, we think, be
obtained from the facts within reach.
The largest portion of the aggregate gold holdings
by banks is of course in possession of the national
hanks, and the returns they are required to make are
given in great detail. Besides "these we only have the
figures of the New York State banks in the same
shape. Confining our investigation for the time being
then to these two groups, we get results which may
help us in making a more general conclusion; at all
events the results are in themselves interesting. Of
the national instituting the latest report was under
the call of May 17 1892. Comparing their gold hold
ings at that date with the corresponding return two
years previous (which return happened to be called
for by the Comptroller on the same day of the same
month), and adding similar figures from the return of
the New York State banks nearest to May 17 for the
game years, we have the following as the changes in
the gold items in the interval.
1892.
1890.
Gold holdings ®f National Banks.............. $200,290,974 $153,085,900
Date of National Bank returns.............May 17 1892. May 17 1890
Gold holdings o f New York State Banka. 17,281,398
12,359,263
Date of State Bank returns...............Marsh 19 1692. June 14 1890
Total gold in all................................ $217,572,372 $1*5,445,163
From this summary we find that there has been an
increase of $52,127,209 in the gold holdings of the N a
tional banks in the United States and of the New York
State banka during the period while almost all of the
decrease in the Treasury gold has been taking place.
But those figures only include the two groups named.
T o complete the statement there should be added to
the foregoing the returns of all the State Banks other
than those in New York. We cannot give this additional
data, for the reason already stated that the necessary
details are not contained in the reports. But there is
good reason for assuming that if we had the figures they
would show a corresponding addition to the gold hold
ings, for State banks have been increasing largely in
number and in business in many of the States during
the two years under review.
The results reached are meagre and yet they possess
considerable importance. They indicate that while
the gold in the Treasury has been materially decreasing,
it has not hidden itself away or been hoarded, but has
gone into the banks and is within the reach of com
merce. Indeed there is fair reason for believing that
the banks in the aggregate hold more than all the
Treasury has lost, and consequently that the amount in
sight is larger than it was in 1890. This condition is
at least worth noting under present circumstances.
JENGLISH V IEW OF A M E R IC A N R AILR O AD
MANAGEMENT.
L ondon *, 4th June, 1892.
To the Editor o f the New York Commercial and Financial
Chronicle, New York.
S ib : W ill you give your English subscribers the benefit of
your experience upon the enclosed letter which appears in to
day’s Times, apropos of the new Atchison conversion plan.
I am inclined to think that “ Finance” is right, and that we
income bondholders would have got our full 5 per cent divi
dend as soon, and more surely, on a preferred stock, than we
shall get the 4 per cent interest on these new second mortgage
bonds.
The Times’s comment on the letter is that “ Finance’s ” sug
gestion to relinquish his “ foreclosure rights ” is too favorable
to the shareholders, who ought to have been “ wiped o u t” in
1889, and to the management whose “ history is not such a* to
[Y
ol,
u v
,
induce any creditor of theirs to trust them to treat him fairly
unless he is in a position to compel them .”
But unless I am mistaken there was a radical ehange in the
management in 1889, Did not the President and other direc
tors, who were supposed rightly or wrongly to have got the
company into the mess, retire in that year in favor of repre
sentatives of the bondholders ?
“ W iping out ” is easier said than done. Can you inform U3
how many railways in the last twenty years have in fact been
foreclosed and the stock “ wiped out ?”
In the meantime, if there still exist differences or distrust
between creditors and shareholders, it m ay not be too late to
remove them. After all, the paramount interest is that of the
property and its legitimate development. I f it ean be made
to earn a good surplus for the ordinary stockholders, then
there will be ample margin for the bondholders or preference
stockholders.
I as a bondholder should
like to con
tribute to this.
I would even forego what “ Finance”
calls m y “ illusory remedy against the corpus of the golden
goose,” i. e., m y foreclosure rights, if I could thereby help to
insure a margin over m y interest and its punctual payment.
I would not grudge the stockholders the surplus any more
than I grudge them their present legal equities, believing that
our interests ought to be in common, and that we are better
friends than foes.
The Times is right in im plying that there ought to be more
direct responsibility of American railway management to the
proprietors of all classes— bondholders included. But surely it
is easier to get some representation on the management by
voting power than by foreclosure.
A s it is, the best investors here have a rule about American
securities, to take “ bonds with caution, shares never.”
Hence your financiers furnish us with a supply of bonds a
choix. But if you would offer us instead the shares, with
voting power, of railroads on which there is little or no debt,
classifying the shares, if you like, as we do, into—
(1.) Guaranteed preference, i. e., cumulative,
(2.) Contingent preference, i. e., non-cumulative,
(3.) Ordinary stock,
we might gradually change our rules of investment, and
arrive at a more responsible management and a better mutual
understanding.
If we could understand each other thus far what break
downs and worry and temper we should mutually be spared.
Yours obediently,
B r it is h B o n d h o l d e r .
The letter referred to by “ British Bondholder” with the
London Times's comment on the same is as follows:
[From the London Times of June 4th.J
The subjoined letter on the proposed conversion of the
Atchison Topeka & Santa Fe “ Income bonds” is from an
expert in conversions and is well worth reading, but the views
it expresses appear to us to be mistaken, from a bondholder’s
point of view. Our correspondent ignores altogether the fact
that the history of the Atchison Company is not such as to in
duce any creditor of theirs to trust them to treat him fairly
unless he is in a position to compel them -to do so. W e
quite agree with our correspondent that a preference share
with voting power would be a better security, on the whole,
than a so-called “ Income bond,” but it is not nearly as good
as a mortgage bond with foreclosure rights. As for the share
holders, for whose interests “ Finance” is a rather too friendly
advocate, he appears to have forgotten that they ought to
have been “ wiped out” altogether in 1889, instead of being
left in control of the road they, through the board, their
representatives, reduced to bankruptcy:
Sir—i am going to follow your advice and accept tlxe conversion of
my Atchison liv e per Cent Income bonds into Four per Cent Second
Mortgage; but I do so from entirely different premises to those which,
seem to govern the conclusions of the public.
The conversion is a remedy for an unavoidable situation. There is
admitted to t e a genuine dilemma how to pro 7ide additional capital
for the legitimate development of the line. By the means proposed the
proceeds of some $5,000,000 second mortgage bonds, or (sayi less than
$500 cash per mile at the company’s valuation of the bonds, may, if all
goes smoothly, be available to spend annually in improving our prop
erty for 14 years. So far so good, and I desire to assist this legitimate
obiect. and shall send in my bonds at once.
But who is bold enough to prophesy that all will go smoothly, or even
that this sum annually will suffice 1 Why should we insist on fixing th e
company’s authorized borrowing powers in the strait waistcoat of this
second mortgage, limiting for years the maximum expenditure on capi
tal account regardless of the demands of the future 1
The public is apt to adopt the pie »sant hypothesis of good years to
come with surpluses over second mortgage interest, which can be
divided to stockholders in their turn. Supp >se the converse, and that
a year comes of inferior crops and disturbances in rates; or sup
pose that the company merely requires more in any one year than t he
proceeds of $5,000,000 second mortgage bonds In thxt case t h e
legitimate capital expenditure would have to be postponed, the li ne
would be starved, credit would be impaired, and we might be o o n fronted with the necessity of having to acquiesce in such capital ex penditures as cannot be postponed being diverted temporarily from
the interest on our bonds.
THE
J une 25, 1802.J
This is just wliat happened over the old Erl« reorganization, which
was made in deference to English views, and which piled up the debt
with “ funded coupon bonds” and gave the concern no elasticity and
no credit. Hence arose another default on the second mortgage bonds,'
the troubles with the New York Pennsylvania & Ohio lease, and the
years of litigation over the Chicago & Erie ' What a much greater
and stronger property to-day the Erie would be if the old second mortgage six per cent bondholders had converted at the rate of, say 150
per cent into four per cent guaranteed preference stock (cumulative),
and thus given credit to the company to borrow ahead of them and
foster the legitimate growth of the property as speedily as posable.
We are told that American railways are built on debt and not on
stock, till tlieir capital account is like a pyramid standing on its apex.
We criticise them accordingly, and have our fling when default occurs,
or any plan is proposed to cure the evil, and, byw ay of remedy, we pile
up the fixed charges worse than ever and in\ ite another break-down.
It seems, sir, that a generation has arisen which has forgotten 1867
and the memorablejudgment of Lord Cairns in that year. Will you,
sir, recall it to the public mind? By 1867 English railways had
reached a stage of development similar to that of the Atchison Com
pany. Lord Cairns then laid it down that railways are peculiar things,
and must be treated as going concerns and not as foreclosable con
cerns.
For years the American Ccurts have been following in the wake of
Lord ( aims. Why do we English attach so much importance to strict
foreclosure powers, and under a second mortgage, too ? I remember
the Erie second mortgage at 30 before the reorganization and at 50 so
recently as L885. Do we desire to court a recurrence of that episode?
There never was yet a foreclosure of a railway mortgage which did
not cost the bondholders more than it cost the public or anybody else.
Could you, sir, undertake to enlighten the public ' as to the impera
tive claims of the open capital account in Anglo-Saxon countries, and
the necessity of capitalizing a railway so that it can develop freely,
instead of tying it up and choking its growth ?
Our own English railway reports supply fruitful illustrations. Even
the London <fc Northwestern Railway seems no exception to the rule
that shareholders must authorize the raising of fresh money every
half-year or go without a portion of their dividend.
I notice that the Pennsylvania Railroad is habitually criticised here
on the ground that it puts too much to reserve and distributes too lit
tie in dividend. I do not pretend to judge as to the precise line they
draw between capital and revenue. That is for the directors to de
cide, and if the Pennsylvania directors err, they appear to err on the
side of conservatism—like good bankers who pile up reserves instead
of dividing all they earn, or like Sir R. Moon, whose policy at Euston
has made the London & Northwestern Railway th« steadiest and soiidest piece of railway property in the world. Anyhow, the Pennsylvania
seems to spend on capital account the equivalent of four-fifths of its
net revenue, and raises it mostly by issues of stock, rather than bonds,
to its proprietors.
Our Yankee cousins can teach us a lesson. Let us look at some of
those companies which are owned and managed in America and have
not got to defer to English sentiment.
The Delaware Lackawanna & Western and the Delaware & Hudson
Canal companies have no top-heavy debt to interfere with their credit.
The New England railroads, again, are uniformly capitalized with
large stocks and but few bonds, so that they cannot possibly be in
volved in financial trouble.
The New York New Haven & Hartford has so few bonds outstanding
that it could pay them off any day; this stock pays 10 per cent divi
dend and sells at 250, and returns no more than a first-class mortgage
bond, except for the valuable allotments of new stock from time to
time offered to shareholders. Its credit, of course, is first rate, and
there is no legitimate improvement to their property that shareholders
are compelled to forego. Surely these are better models of capitaliza
tion than—e. that of the Erie or of several English favorites.
In this Atchison case I, for one, would freely have bartered my
“ rights” under the trust deed which secures the Income bonds in re
turn for a five per cent preference stock, with the voting power v lie h
belongs to a stock and the right to allotments of new capital eraafter. That would have at least improved the credit of the coim an r,
and I would have voted for the present management and tak- n my
share of the $5,000,000 new capital, or whatever amount may prove
to be annually required for improvements, on terms wnich wot Id not
only have been less onerous to the company than the present plan
but also more profitable to the proprietor».
As it is, the directors have probably adopted the best course op m to
them, allowing for public prejudice, and it is too late to suggest amend
ments. The two mortgage» together amount to only some $35,000 per
mile at 3^2 per cent, rising to 4 per cent, which the property ought
easily to carry.
But from first to last what an opportunity has been lost of re-class
ifying the capital account, like the London & Northwestern Railway
did when they “ split” a dozen or more local stocks into four classes
o f stock, instead of insisting upon an illusory remedy against the
“ corpus ” of the golden goose.
Your obedient servant,
F in a n c e .
New York & New England were added; on June 15, Delaware
Lackawanna & Western, Am erican Sugar common, and
Western Union were added.
IM PORTS AN D E X P O R TS FOR MAY.
The Bureau of Statistics has issued its detailed statement o f
the foreign commerce of the country for the month of M ay
1892 and 1891, and for the five and eleven months ending
May 31,1892 and 1891, as follows :
MERCHANDISE.
F o r the
m on th o f
M a y.
S to c k E x c h a n g e C l e a r in g -H ouse T r a n s a c t io n s .— The
subjoined statement includes the transactions on the Stock
Exchange Clearing-House from June 6 down to and including
Friday, June 24.
STOCK EXCHANGE CLEARING HOUSE TRANSACTION».
,— Shares, both sides.—. /-------Batanees, one side.------ .
Cleared. ' Total Value. Shares. Valué Shares. Cash. Sheets
$ Clmr’ d.
$
$
282
.
908,000 56,300,000 79,200 4,349,000 60,300
June 6 ...
70,000 3,552,300 51,000
262
7 __ . 711,600 40,300,000
3,919,200
53,900
41,400,000
78,200
265
“
8 ..... 884,000
61,400 3,445,000 68,300
271
“
9 ... . 802,000 51,600,000
“ 1 0 ... . 717,400 45,500,000
58,300 3,233,400 70,000
269
Tot. week .
June20___
“ 2 1 ....,
“ 2 2 .....
“ 2 3 ....
“ 2 4 .....
5,325,600
798,000
475,600
681,800
726,000
708,800
235,100,000
61,830,000
84,000,000
64,500,000
70,40«,000
52,600,000
347,100
91,300
127,100
101,750
103,700
84,600
18,498,900:309,500 1,349
5,315,100 107,200
297
7,072,500 178,000
317
6,091,000 96,200
295
6,675,000 82,600
299
291
5,142,800 76,700
333,330,000 508,450 30,296,400 540,700 1,499
289
49,906,000
74,200 4,826,900 65,400
252
30,305,400
52,800 3,140,600 27,500
46,177,400* 65,200 4,079,900 61,700
268
280
50,104,400 78,700 5,280,600 72,200
47,732,400
77,600 4,975,900 47,800
281
Tot. week. 3,390,200 224,225,600 348,500 22,803,900 274,100 1,350
From May 17 to 24 inclusive the stocks cleared were Chi
cago Milwaukee & St- Paul, Louisville & Nashville, Northern
Pacific pref. and Philadelphia & Reading. On the 25th,
Atchison, Chicago Burlington & Quincy, Bock Island and
Union Pacific were adied to the list. On June 4, Chicago
Gas, Missouri Pacific, New York Lake Erie & Western and
F o r the 11
F o r the 5
m onth s en d ed m onth s e n d e d
M a y 31.
M a y 31.
$407,846,362
6,395,237
$414,241.599
359,630,712
$54,610,887
$952,545,295
12,821,49»
$965,366,794
755,305,63*
$210,061,161
1892.—Exports—Domestic___
Foreign........
Total........ ................
Imports.............. ..........
Excess of exports over imports
Excess of imports over exports
$68,580,259
1,101,203
$69,681,462
68,617,381
$1,064,081
1891.—Exports—Domestic___
Foreign........
Total.........................
Imports.........................
Excess of exports over imports
Excess of imports over exports
$56,784,984 $356,575,926 $816.211,591
10,674,485
5,213,791
1,277,123
$58,062,107 $361,789,717 $826,886,075
71,993,623 359,183,797 771,453,971
$2,605,920 $55,432,105$13,931,516
GOLD AND SILVER—COIN AND BULLION.
1892.—Exports—Gold—D om ..
Foreign........
Total.........................
Silver—Domestic—
Foreign.........
Total.........................
Total ex p o rts.. . . .
Imports—Gold..............
Silver............
Total...........................
Excess of exports over imports
Excess of imports over exports
$3,819,359
28,700
$3,848,059
$1,372,038
503,093
$1,875,131
$5,723,190
$580,271
1,477,508
$2,057,779
$3,665,411
$19,274,333
5,159,151
$24,433,484
$8,383,084
2,980,099
$11,363,183
$35,796,667
$7,530,694
5,962,745
$13,493,439
$22,303,228
$26,505,637
6,554,024
$33,059,661
$15,825,887
13,558,069
$29,383.^56
$62,443,117
$49,194,540
17,812,260
$67,006,300
1891. -Exports—Gold—Dom..
Foreign........
T«tal..........................
Silver—Domestic....
Foreign........
Total..........................
Total exports........
Imports—Gold..............
Silver............
Total...........................
Excess of exports over imports
Excess of imports over exports
$30,519,360
61,400
$30,580,760
$138,105
579,637
$717,742
$31,298,502
$212,648
1,141,336
$1,353,984
$29,944,518
$53,598,769
1,041,235
$54,638,004
$5,032,071
3,041,029
$8,123,100
$62,761,104
$3,023,358
5,317,576
$8,340,934
$54,420,170
$69,128,462
1,411,792
$70,510,254
$13,142,241
7,899,241
$21,041,482
$91,581,736
$17,949,661
17,001,231
$34,950,8 8 »
$56,630,854
$4,563,68*
TOTAL MERCHANDISE AND COIN AND BULLION.
H 92 .—Exports—Domestic---- $73,771,656 $435,503,779
1,632,996
14,534,487
Foreign........
Total......................... $757404,652 $450,038,266
Imports......................... 70,675,160 373,124,151
Excess of exports over imports $4,729,492 $76,914,115
Excess of imports over exports
1891.—Exports—Domestic___ $87,442,449
Foreign........
1,918,160
Total.......................... $89,360,609
Imports...................“. . . . 73,347,607
Excess o f exports over imports,.$16,013,002
Excess of imports over exports!
$994,876,31
32,933,59e»
1027,809,911
822,312,433
$205,497,4 t 8.
$415,254,766 $898,482,294
9,296,055
19,965,518
$424,550,821 $918,467,812
367,524,731 806,404,853
$57,026,090 $112,062,959
IMPORTS AND EXPORTS BIT PRINCIPAL CUSTOMS DISTRICTS.
MAY, 1892.
Custom s D is
Tot. week ,4,023,000
J u n e l3 __ .1,137,800
“ 1 4 ...,.1,329,000
“ 1 5 .....1,022,600
« 1 6 .....1,038,800
“ 1 7 .... 797,400
1033
C H R O N IC L E ,
t r ic t s a n d
Po rts.
Imports.
Exports.
Im por ts.
Ex p o r t s .
11 months ending
May 31.
11 months ending
May 31.
1892.
1891.
1892.
1891.
$
$
#
$
»
881,555 7,656,208 12,342,433 18,481,113 93,287,910 60,222,291
i
Baltimore.Md.
Boat. & Char
leston,M ass 0,445,537 7,311,330 05,101,508 64,215,390 81,233,600 70,762,791
13,742
9,325 5,373,127 7,034,355
168.705
2,366
Brunswick, Ga
5-7,250
50,253 4,401,497 4,831,002
308,371
032,018
BuffaloCk.N.Y
308,129
281,632 3,453,790 3.385,375 2,321,035 2,105,169
Champl’n, N.Y
891,501
934.485 10,020,022 21,050,703143,505
32,025
Charlest’n, 8.C
13,011,881
13,954,501
249,720
949,877
1,775,318
3,525,898
Chicago, 111__
1,819,039 2,118,128
120,106
Cincinnati, Ou
248,902 2,737,147 2,104,833 3,930,825 3,478,575400,455
Corpus Christi
429,038 2,502,357 2,045,457 0,161,480 4,572,833
232,500
Detroit, Mich.
407,478
43,«88 2,082,551 1,511,729
458,040
3-i,l25
Duluth, Minn.
427,589 1,314,274
554.015 35,378,390 31.766,086
249
Galvest’n, Tex
8,384,049
924,847 2,009,020 2,404,947 7,715,091
145,101
Huron, Mich..
021,113
44,000
894,750
90,994
10,283Milw’ kee.W ls.
243.483 1,247,958
904,030 1,239,549
13,136
45,145
Minn’s’a.Mlnn
131,493
84,143 2,650,031
101,904
3,307,984
84,191
Mobile, A la ...
17,459,255
17,423,595
2,032,013
104,590,175
127,348,337
6,511,953
New Orl’ns.La
2,471
00,010 13,946,179 10,194.155
529,989
705
Newp’t News
New York,N .Y 43,391,630 31,832,732 488.008,720 495,539,406 380,099,520 318,203,350
b 40,942
250,135 b 21,020 2,587,100 3,330,909 b 137,041
Niagara, N.Y..
43,447
75,172 12,798,853 10,312,501
490,474
700
Norf’k,Va.,&c.
97,148
109,194 1,218.614
8,081
821,698
4
Oregon, Oreg..
183,340 1,718,250 1,710,070 1,345,715
358,115
1,664.919
Oswega’ie.NlY
301.705 2,241,573 3,163,293 1,208,225 1,436,48*
220,530
Oswego. N .Y..
03,801
135,514 2,085.088 3,736,392
387,228
804
Pensacola, Fla
Philadel’a, Pa. 4,798,726 5,598,029 55,163,070 53.12ii.304 53,885.402 30.824,934
753,010
674,422 2,159,509 2,604,462
88,117
99,420
P«rtld.&c.M e.
511,406
441,153 6,311,240 5,108,095
220,181
110,305
Puget S’d.W a.
43,194
3,705
43,835 5,021,720 8,677,52#
09,080
Ricnm’nd, Va
2,429,825 3,471.091
200,602
St. Louis,Moa.
San Fran., Cal. 4,020,170 1,489,285 44,005,347 46,782,478 39,392,720 37,505,606
288,832
447,948 24,941,744 32,800,522
834,353
99,499
Savannah, Ga.
457,979 4,0n8,687 4,753,280 3,602,918 2,813,094
470,820
Vermont, v t ..
907,294 0,379,580 4,703,456
40,693
139,088 1,194,022
Willamette,Oi
188,972
203,700 5,253,972 8,981,762
03,860
058
VVllmi’gn, N.C.
Totals, (in
cluding all
oth ’r Oists.) 08,017.381 09,681,462 755,305,033 771,453,971 905,300,794 820,880,076
Remaining in warehouse May 31,18 9 1.................. ...............$28,012,281
Remaining in warehouse May 31,18 9 2............................. .
29,541,131
1031
THE
C H R O N IC L E .
S l0 t ie t a r g | C !> 0 m m ^ r i:t a X % u % l i s h U r r o s
[From our own correspondent.]
L o n d o n , Sa tu rd ay, June 11, 1898.
The money market has been scarcely affected by the failure
o f the New Oriental Bank on W ednesday afternoon of this
week. During Tuesday and Wednesday, while the bank was
trying to obtain assistance from the Bank of England, there
was an indisposition to take bills and the rate hardened
slightly, but on Thursday it fell away again, and the market
is once more as quiet and easy as it was.
The old Oriental Bank (the business of which the new bank
was started in July, 1884, to continue) had at one time been
the greatest of Eastern banks and did an immense business;
hut its failure was so complete and so disastrous that the new
institution has never been in good credit. Unfortunately the
directors of the new bank in their eagerness to secure deposits
have offered 5 per cent for th© money lodged with them for three
years, and they continued to do th is even after the Baring
Crisis, while other banks were refusing deposits. They com
mitted various mistakes, too, in lending upon land and house
property in Australia, in advancing to native bankers and
■speculators in the Straits Settlements, in entering into rash
business in India and China, and elsewhere; and as this was all
known bill-brokers and discount houses have always looked
with a certain distrust upon the institution. About a year ago
the effects off the Baring crisis, the fluctuations in silver, the
banking failures in Australia, and the break-down of specula
tion in the Straits Settlements involved the bank in so many
losses that apprehension sprang up here. Since then the bank
bag found it impossible to discount its acceptances, and now
they are so small in amount that they will have no influence
upon the money market. The last balance sheet published
w as for the 31st March, 1891— over 14 months ago. A t that
tim e there were drafts and acceptances outstanding amounting to over 3 millions sterling fixed deposits amounting to
nearly five millions sterling and current accounts amounting
to over a million and a half sterling. The acceptances since
then have been greatly reduced, and depositors have been
«ailin g in their money as it fell due. It is now understood
that the total liabilities amount to about 7)^ millions sterling
« n d the assets are valued at about 8 % millions sterling, but
w h a t they will realize is a different question. The capital con
sists of half a million sterling in gold shares and a little over
£100,000 in silver shares, and there is no capital to be called
up. Probably the capital is gone, and it is feared that loss also
must fall upon the depositors, who are chiefly Scotch people
and in poor circumstances.
The failure of the New Oriental Bank caused all the other
Eastern banks to buy both silver and India Council bills, so
as to strengthen themselves in the East against contingencies»
and as at the same time there was a good American demand
the price of the metal rose on Wednesday to 41J^d. per ounce,
but yesterday fell back to 40%d. per ounce.
Although the well informed were aware of the critical con
dition of the New Oriental Bank for a year past, most mem
bers of the Stock Exchange were quite unprepared for its
break-down, and when the rumor spread on Tuesday after
noon that it was in serious difficulties, all departments of the
Stock Exchange gave w a r. There was even greater depres
sion on Wednesday, but on Thursday morning, when the sus
pension was announced in all the papers, after a few moments
o f hesitation prices recovered. It came to be recognized that no
losses of any account would fall upon the London market,
that the chief sufferers would be the depositors in all prob
ability, who, as already said, are for the most part not in busi
ness. Beforehand there was naturally a fear that the break
down of this bank would cause distrust of all other Eastern
banks, but inquiry satisfied the timid that the other Eastern
banks had prepared themselves for the contingency, and in
«consequence the shares of those institutions have fallen
very little.
Compared with a week ago, for example,
there is a fall of only 2 in the shares of one bank, of
in
those of another and of 4 in those of a third. There is no
“doubt of course that all the Eastern banks have suffered
from the fluctuations in silver, the break-down of speculation
in the Straits Settlements and the banking crisis in Austral
asia. But the other banks are w ell-m anaged; they have
been curtailing their business in face of the unsettled state of
things in the countries where they chiefly operate, and in
♦very way possible they have been strengthening themselves.
VOL. LIV .
There appears no sufficient reason, therefore, to fear that any
of them are in serious difficulties. The general feeling now,
indeed, is not only amongst those specially connected with
the Far East and Australia, but amongst the best informed
bankers in the city, that the suspension of the New Oriental
Bank will prove to be a relief to all markets. Owing to the
fact that it could not discount its acceptances for the past
twelve months, it has not been able to allow traders in the
East and in Australia to draw largely upon it, and conse
quently it has been diminishing the accommodation it gave to
trade so much that its stoppage can hardly injure any branch
of business materially. Just while the fate of this bank
was in doubt the Portuguese Government decided not
to ratify the
arrangement entered
into by its rep
resentative with the delegates of the bondholders who
had met him in Paris. It promises to pay 1 per cent of the
April and July coupons this year, but what it will do further
is not stated. Its decision had for a day or two a very bad
effect upon the Paris Bourse and inter-bourse securities fell
sharply ; but there has since been a recovery. Indeed, yes
terday French 3 per cent rentes rose above par on a report
that the 4% s are soon to be converted. Most other depart
ments of the Stock Exohange have been well sustained. In
British railway stocks there has been some recovery. Even
American railroad securities, which were so depressed last
week, and which in some cases fell further on Tuesday and
Wednesday, rallied on Thursday, and there is still going on a
large investment in the better classes of securities.
The Board of Trade returns for May are again bad, but it
is not possible to institute a proper comparison with those of
May last year, because the Whitsuntide holidays, which always
interrupt business, fell in May in 1891 and in June this year.
Roughly, however, it may be said that nearly five-sixths of the
growth in the exports which took place between 1886 and 1890
has been lost during the past two years. It will be under
stood, of course, that it is the value that is her# meant; there
has been a falling off in quantity, but there has been a greater
decline in prices. A t the same time there are symptoms of a
very marked revival in the South American demand for our
manufactures, and just now also Spain is buying largely in
anticipation of the new tariff.
, Yesterday the Times published the first of its usual estimates
of the condition of the crops in Great Britain, from which it
appears that England has suffered from the wet autumn and the
dry spring much more than either Scotland or W ales. The
condition o f wheat is represented as 88‘8 in England, com
paring with 92 at the same date last year. In Scotland, on the
other hand, the condition is 96*8, against only 93 last y e a r ;
but Scotland grows little wheat. Barley in England is now
92-8, against 94-5 a year ago. In W ales it is 100'5, against 85
last year, and in Scotland 96’3, against 89‘4 last year. Oats is
94'2 in England, against 94‘9 last year, but there is an im
provement in oats also both in Scotland and W ales. Beans
are very bad, but potatoes promise well, and strange to say
the potato crop is in better condition in England than in
either Scotland or W ales. The grass crops are very bad in
England— only 75*8 at present, against 83’4 last year— but the
grass crops are much better hr Scotland and W ales than
twelve months ago.
The imports since January 1 show the following contrast:
I m ports.
1892.
&
January..*.... 38,485,244
F eb ru a ry ....
34,877,931
March............ 36,704,177
A p r i l .....;;... 34,920,272
M a y .............. 34,935,738
5 months.... 179,915,394
1891.
Difference.
&
+4,744,162
+1,566,577
+1,451,118
—4,062,265
+ 558,040
+14-06
+ 4-70
+ 4-11
—10-42
+ 1-62
175,487,916
+4,427,478
+ 252
The exports since January 1 have been as follow:
1892.
1891.
Difference.
Exports«
&
January....*... 19,146,704
February........ 19,328,753
M arch............ 19,665,382
A p r il............. 17,865,876
M a y...___ . . . .
17,783,969
5 months.... 93,790,634
PerO t.
£
33,741,032
33,311,354
35,253,059
38,982,537
34,377,698
£
19,834,315
20,470,621
21,663,378
20,919,086
19,744,473
102,631,853
&-
—687,611
—1,141,868
—1,997,996
—3,053,190
—1,960,504
—8,841,169
P er Ot.
— 3-46
— 5-57
— 922
—14-59
— 9-93
— 8'61
The exports of foreign and colonial produce since January 1
show the following contrast:
1892.
1891.
Difference.
PerO t.
R e -e x p o r t s .
January..........
February.........
M arch.....---April.............
May...'.............
*
4,128,646
5,728,772
5,56b,389
5,545,838
6,591,447
5 m onths.... 27,561,092
&»
&
4.389,802
5,862,215
5,935,458
5,535,152
5,447,331
— 261,156
— 133,443
— 369,069
+
10,686
+1,144,116
27,169,958
+
391,134
— 5-95
— 2-27
— 6*21
+ :19
+21-00
+ 1*43
THE
B1892.J
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, & c .,
•ompared with the last three years:
1890.
189S.
1891.
June JO.
June 11.
June 8.
£
£
£
!W,079,895 24,803,700 24,602,075
6.899.975
6,745,151
7,071,520
29,241,476 33,616,593 25,198,396
11,255,920
9,941,805 15,505,577
26,104,487 29,763,590 21,097,310
16,461,442 18,758,071 18,608,831
26,091,337 27,111,771 21,760,906
46 1-10
45%
41 13-10
2
4
8
96 0-16
95 1-16
97 3-16
95,676,000 110,875,000 121,939,000
ttr e u la tie u ...................................
Public depsslts.............................
Other d e p o sits .............................
Government securities..............
Other securities............................
R e s e r v e ........................................
Gets and bullion..........................
P re s , assets to ltabilitiei.per ot.
Bank rats.......................... per st.
Osassls 9% par s s n i...................
Otsariag-Homss retu rn *...........
1889.
June 12.
£
24,572,125
9,292.575
24,556,137
15,014,994
22,166,469
14,512,384
28,884,509
42Já
8%
06%
95,919,000
Messrs. Pixley & Abell write as follows under date of June 9:
Gold—There has hardly been any demand since we last wrote, and
the Bank has accordingly received the greater part of the arrivals,
amounting to £ 6 13,000. Arrival s—Brazil, £67,000; Australia, £272,000; Japan, £66,000; Ohina, £K>9,000; India, £89,000; Straits,
£27,000; Natal, £40,000. Total, £670,000.
Silver—The advance, which we noticed last week, continued until
40 %d. was the rate on the 7th inst. The Council Allotment yesterday,
at an unexpectedly great advance, due to business troubles here,
caused a further rise to 41%d., at whieh business was done for India.
To-day, although again quoted, this prioe is quite nominal, and busi
ness has been done at 41d„ which is the actual closing figure. A» rivals:
Chili. £14,000: Australia, £11,000; New York. £20,000; total, £75,000.
Mexioan Dollars—These coin have been dealt in at varying rates, and
some parcels were sold on the 7th at 391% «d. To-day’s rate of 40d. is
nominal, and business has since been done at 3978d. Arrivals—Par
Lafayette, from Vera Cruz, £40,000; New York, £30,000.
The quotations for bullion are reported as follow s:
o o in .
London Standard.
June 9.
B ar gold , flna___oz.
Bar gold, contain’g
20 dwts. silver ..oz .
Span, doubloons. o z ,
B.A m .doubloons.oz.
8.
77
d.
9
77
0%
June 2.
S IL V E R .
London Standard.
June 9.
s. d.
77 9
d.
Bar s ilv er............oz. 41%
Bar silver, contain
77 9%
ing 5 grs. gold. oz. 41%
Cake silv er..........oz. 44%
M exican dols...... oz. 49
June 2.
d.
40 7-16
40 13-10
43%
39 5-16
The rates for m oney have been as follow s:
Interest allowed
fo r deposits by
Open Market Rates.
London
Bank Bills.
a*
Trade Rills.
D isc’ t H Si
Joint
<3 Three Four
Six
Three F ou r
Six
Stock A t 7 to 14
Months Months Months Months Months Months Ranks. Call. Days.
May 6 2
“
13 2
“
20 2
27 2
June 3 2
10 2
„“
1 @1% 1)4® - 1%@
1 @ — l% @ — 1%@
%@1 t @ — 1%@
% ,1 1%@ - 1%@
% @ - 1 @1% 1%@
%'S - 1 @ — V4®
— 1%@2
- 1%@2
— 1%@1%
- 1%@1%
- 1%@1%
- 1%@2
1%@2
1%@2
1%@1%
1%@1%
i%<ai%
1%@2
1%@2%
1%@2%
1%@2%
1%@2%
1%@2%
1%@2%
1
1
1
1
1
1
H 1 -1
%1 - H
H H- H
% H- H
% H- H
% H- «
The Bank rate o f discount and open market rates at the
ohief Continental cities now and for the previous three weeks
have been as follow s:
Rates of
Interest at
P aris..................
B erlin................
H am burg..........
F rankfort.........
A m sterdam .. . .
B russels...........
V ien na..............
St. Petersburg.
M adrid..............
Copenhagen...
June 10.
June 3.
May 27.
May 20.
Bank Open Bank Open Bank Open Bank Open
Rate. Market Rate. Market Rate. Market Rate. Market
2%
3
3
3
2%
2%
4
6%
5
4
1
1%
1H
1%
1%
1%
3%
4
A%
8%
2%
3
3
3
2%
2%
4
5%
5
4
1
1%
1%
1%
1%
1%
3%
4
4%
3%
2%
3
3
3
2%
2%
4
5%
5
4
1
1%
1%
1%
1%
1%
3%
4
4%
. 3%
2%
3
3
3
3
2%
4
5%
5
4
1
1%
1%
1%
2%
2
3%
4
4%
3%
The following shows the imports of cereal produce into the
United Kingdom during the forty weeks o f the season
compared with previous seasons:
IMPOSTS.
,
^
1891-92.
1890-91.
1889-90.
Importaofwh6at.owt.50,531,916 43,250,270 41,012,308
......................... 14,890,528 14,211,282 12,691,117
......... ....................11,022,098 11,377,766
9,427,516
............................ 2,229,996
1,633,562
1,461,186
f t e « » .......................... 2,983,364 2,341,012
2,554,703
Indian corn................. 21,695,590 21,554,677 31,096,652
............................15,410,604 12,744,887 13,535,201
Supplies available for consumption (exclusive of
September 1):
_
'i
1891-92.
1890-91.
1889-90
?^’ 531,916 ^3.250,270 £1012,308
Imports o f flour........ 15,410,604 12,744,887 13,5551201
Bales o f home-grown.2 6 ,0 8 6 ,16 2 30,159,034 39 406 200
1888-89.
47,676.495
15,767,399
11,750,907
1,947,556
2,590,901
22.490.090
11.618.091
stocks on
1888-66.
47,676,495
11,618,091
29,813,161
Total......................92,028,662 86,154,191 93,678,709 88,507,747
i
.
¿6«
1891-92.
1890-91.
1889-90.
1888-69.
Aver, price wheat week.30s. 8d.
40s. 5d.
32s. lOd.
28s. 94.
Average prise, season..34s. 6d.
34s. 3 d.
30s. 3d.
31s. O l.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
Last week.
1891.
I860.
wheat...................qre. 2,516,000
2,407,000
2,779,000
2,478,560
Flour, equal to qrs.
275,000
293,000
288,000
243,606
“false....................qrs. 835,000
321,000
452,000
629,600
1035
C H E0N 1C LE
E u s lls h F in a n c ia l m a r k e t s — P e r C able.
The daily closing quotations for securities, «fee., at London
are reported by cable as follows for the week ending June 34 :
London.
Sat.
M on .
Silver, per oz................ d 40%
Consols,new, 2% per ots.
do for account........
Fr’ch rentes (inParis)fr. 99-77%
Ü. 8. 4s of 1907.............
Canadian Pacific............
Chic. Mil. & St. Paul___
Illinois Central...............
Lake Shore_______ ___ _
Louisville & Nashville..
Mexican Central 4s____
N. Y. Central & Hudson.
N. Y. Lake Erie & West’n
do
2d cons...........
Norfolk & Western, pref.
Northern Pacific pref...
Pennsylvania..................
Philadelphia <fc Beading.
Union P a cific................
Wabash p ie f..................
Tues.
40%
96%
96Hle
9 6 i3 ie 96%
99-76 99-57%
121
121
92
92%
84%
84%
105% 105
137
137
73%
78%
73%
73%
113%
115
28
28%
108% 108
47%
47%
55%
56%
56%
56%
30
30%
40%
40%
26
26
40%
TFe«t.
Thurs.
40%
40%
969] 8
«6%
96%
99-72% 99-45
121
121
92
92
85%
85%
105% 105%
187% 187%
74%
74%
73%
74
116
116
28%
28%
108% 108%
47%
46%
58%
57%
50%
56%
30%
30%
40%
40%
26%
26%
Eri.
4011&
9691Ä
96%
98-95
121
9r%
85
104%,
137
73%.
74
115%
28%
108%
46%
57%
56%
30%
40%
26%
®0ronxetxial and ¿HXiscciUracents % zvos
National B anks .— The follow ing
recently been organized:
national banks h av e
4.756—
The Chiokasaw National Bank of Purcell, Indian Territory.
Capital, $50,000. Robert J. Love, President; Alfred D.
Hawk, Cashier.
4.757— The Riverside National Bank, Riverside, Cal. Capital, $100,000. Samuel C. Evans, Jr., President; Francis R. Rose,
Cashier.
4.758— The First National Bank of Spirit Lake, Iowa. Capital, $50,000.
B. B. Van Steenburg, President; Samuel L. Pilshury, Cashier.
4.759— The Dulaney National Bank of Marshall, Illinois. Capital,
$50,000. Robert L. Dulaney, President; Harry B. Dulaney.
Cashier.
4.760—The Traders’ National Bank of Buckhannon, West Virginia.
Capital, $50,000. William Post, President; Paul M. Robin
son, Cashier.
Imports and Exports for the W eek . —The following are
the imports at New York for the week ending (for dry goods)
June 16, and for the week ending (for general merchandise,
June 17; also totals since the beginning of the first w eek ha
January.
FOREIGN IMPORTS AT NEW YORK.
For W tk .
1889.
Dry Goods.......
3enT mer’dise.
1890.
$1,381,424
8,526,546
1891.
$3,132,000
6,783,583
1892.
$1,452,498
7,749,718
$1,028,059
7,331,278
Total........ .
$9,907,970
$9,915,583
$9,202,210
$9,254,38$
Since Jan. 1.
Dry Goods....... $63,208,596 $71,054,928 $56,220,602 $57,004,848
Gen’l mer’dise. 167,755,699 175,993,856 196,220,257 207,102,102
Total 24 weeks. $230,964,295 $247,048,784 $252,440,859 $264,066,090
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 o f the exports (exclusive' o t
epecie) from the port of New York to foreign ports for tha
veek ending June 31 and from J anuary 1 to d a te :
EXPORTS PROM NEW YORK POR THE WEEK.
For the week..
Prev. reported.
1889.
18Ö0.
$4,949,982
151,179,606
$6,100,258
152,906,460
1891.
189&
$6,416,814
$8,306,67»
155,073,827 183,018,744
Total 24 weeks. $156,129,588 $159,056,718 $161,490,641 $191,820,41$
The following table shows the exports and imports of specie
at the port of New York for the week ending June 18 a n d
since Jan. 1, 1892, and for the corresponding periods in 1891
and 1890:
EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.
Mold.
Great Britain..........
Frano*......................
Berm any...........
West Indies.............
Msxiss......................
Beuth Amsriea........
All stksr oountriss.
Total 1891.
Total 1891.
Total 1890.
Müsst.
E x p o rts.
Week.
Mint Jan. 1,
$150,000 $6,202,148
8,360,221
6,860,000 12,554,200
22,000
6,275,178
6,500
150,000
1,017,943
500
500
$7,282,500 $34,416,692
2,620,601| 62,944,829
1,276,1351 5,700,538
Exports.
W tk.
Mint Jan. 1,
Im p o rts.
W tk .
$640
4,449
1,900
28,190
Mint Jan. 1
$19,86$
4,496,901
914,150
185,44»
26,69»
878,691
141,76»
$30,179 $6,168,01»
20,741
1,680,86»
14,043
4.187,48»
Imports.
Wetk.
Mint Jan.l.
Cheat Britain..........
France.............. .
Germany..................
West Indies.............
Mexico......................
loath A m erica .......
Ail other countries.
$318,413 $9,094,894
497,139
1,300
” 7,381
706,048
38,215
521,970
” i',825
14,665
18,072
3,336
147,766
50,467
284,986
21,230
Total 1892.........
Total 1891.........
Total 1890.........
$327,619 $10,873,731
131,097
6,969,982
421,400
9,138,644
$57,710
26,705
224,979
$706,195
800,350
3,025,690.
$575
$ 1 1 ,0 1 4
94,487
15,727
6 6 ,2 6 5
O f the above imports for the week in 1893 $20,339 were
American gold coin, and $1,949 American silver coin. O f th o
exports during the same time $7,2 i2,500 were American gold
coin.
THE
1036
Foreign T rade op New Y ork —Monthly Statement.—In
addition to the foregoing tables, made up from weekly
returns, we give the following figures for the full months,
also issued by our New York Custom House. The first state
ment covers the total imports of merchandise.
*
IMPORTS INTO NEW Y O RK .
1890-1.
1891-2.
Month.
Dry
Goods.
General
Merchan
dise.
lotal.
Dry
Goods.
General
Merchan
dise.
Total.
$
$
Ï
$
$
$
9,201,074 31,927,564 41,128,638 14,214,708 37,289,011 51,503,719
J u ly ............
12,310,797 31,088,246 43,399,043 11,149,467 28,851,047 40,000,514
August..
S eptem ber. 8,346,888 81,140,887 39,487,275 12,758,678 36,365,644 49,124,322
7,798,225 34,460,021 42,288,240 11,792,760 35,056,606 46,849,372
O cto b er —
Novem ber . 9,252,849 82,160,147 41,412,996 7,837,469 34,753,239 42,590,708
-Decem ber.. 8,423,391 37,382,052 45,810,443 9,667,689 30,127,747 39,795,786
.January.... 12,474,831 29,744,029 42,218,890 12,749,505 89,831,248 42,530,753
February .. 14,937,143 29,415,657 44,353,000 13,146,984 29,953,305 43,100,289
9,870,854 45,130,299 55,001,153 13,041,350 35,576,721 48,618,071
M a rch ------8,501,492 41,676,008 50,177,500 6,968,738 41,479,653 48,448,391
A p ril..........
8.259,9
¿8 35,131,608 43,391,536 0,334,070 30,573,401 42,927,531
May.............
T o ta l... 109.382.502 369.286.218 488.668,720 119,681,724 375,854.692 495.530.410
E X P O R T 8 F R O M N E W YO RK ,
CUSTOM S R E C E IP T S.
J u ly ....................
August..............
S eptem ber........
O c t o b e r .............
N ovem ber.........
D e ce m b er.........
JiUtm ry........
February.......
M arch...............
Month.
1861-2
$
31,163,120
33,353,766
37.916,406
37,306,761
He,541,097
1860-1.
$
27,011,440
26,080.926
29,7^9,63"
32,059,531
20,508,035
34,120,559
27,000,(85
20,483,249
28,874,475
29,044,853
26/*24.4rt7
34.37' 944
30.7 0 177
3.3.(104,930
A n r il........................ 30,(‘42.145
‘>.72'»
M a y . ... .............. ‘-il
T o ta l............. 380,131,329 318,203,356
189L-2.
*
11,304,103
10,461,012
9,982,117
9,337,374
8,503,666
9,314,136
11,903,590
11,632,255
March................. 10,872,149
8,885,924
April....................
M ay................. . 10,674,020
Tuly.....................
August..............
September.........
O c to b e r...........
N ovem ber.........
December..........
January ...........
1890-1
$
17,173,523
12,978,344
15,709.700
10,091,811
10,154,869
10,704,233
10,794.668
12,280.590
10,520,656
7,712,053
7,450,369
112.9’ 0.052 137.630.712
— Messrs. Taintor & Holt of New York offer for subscription
$800,000 8 per cent cumulative preferred stock and $250,000
common stock of the United States Cutlery Company, organ
ized under the laws of the State of New Jersey. * The capital
stock is $l,C00,0t'0, divided into 8,000 shares 8 per cent cumu
lative preferred stock and 8,000 shares common stock; par
value of all shares $100. They are all full-paid stock, nonast-eisable and without further personal liability to the
stockholder?. Under the charter of the company it is pro
vided that no bond or mortgage can be created without the
consent of ninety per cent of the preferred stockholders; also
that this provision cannot be altered.
To give an idea
-of the very large increase which the manufacturing
o f cutlery is liable
to take, it is stated that the
total capacity of all the cutlery manufacturers in this country
is less than one-third of the consumption, two-thirds being
now imported from Europe. The statement of the vendors
attached to the advertisement shows that the four concerns
having combined to form the United States Cutlery Company
manufacture about 65 per cent of all the pocket cutlery made
in the United States, and that the books of all these concerns
prove the steady increase of these companies, the net profits
fdr a period of over three years being largely in excess of the
sum required to pay 8 per cent dividends upon $800,000
preferred stock, the alhount available for dividends in
1891 having been $101,500.
From returns already re
ceived since then, the profits for 1892 are estimated to be
sufficient to pay 8 per cent on the preferred stock and 15 per
cent on the common stock. A very large portion of the pre
ferred stock has been already applied for and will be allotted
to advance subscribers. The balance of that issue, together
with $‘¿50,000 of common stock, of which the vendors retain
sl majority, is now offered at par.
The subscription books
will be opened on June 27 and close on June 29 at 8 o’clock.
Subscriptions will also be received at various other places, as
stated in the advertisement.
— A n illustrated and descriptive circular relating to the
climate, soil and resources of the Southwestern portion of the
State of Louisiana has been issued by J. B. Watkins, 90 Broad
w ay, New York. Mr. Watkins is the President of the recentlycompleted Kansas City W atkins & Gulf RR., which has
opened up the section of country above referred to, and he
will furnish information in regard to the country, prices of
land, business openings, excursion rates, etc.
— The attention of investors is called to the Roanoke &
Southern first mortgage five per cent gold bonds advertised in
this issue by Messrs. Edward Sweet & Co., New York, and the
Mercantile Trust & Deposit Co. of Baltimore. The bonds are
guaranteed by the Norfolk & Western.
— The New York Belting Sc Packing Company, limited,
w ill pay coupon No. 3 on their 6 per cent mortgage debenture
bonds duo July 1, on and after that date, at the office of the
Knickerbocker Trust Company.
— Investors seeking lists of securities for July investment
;are invited to consult the advertisement of Messrs. J. S.
jFarlee & Bro, in this issue of the Chronicle .
— The principle of guaranteeing is being rapidly applied to
a great variety of business transactions. The organization of
The R ent G uaranty Company of New York, is the latest
instance of this'fact. This company will be organized with a
capital of $250,000, to guarantee the payment of rents in New
York, Boston, Chicago tmd other large cities. The sentiment
of the owners of real estate is strongly in favor of a corporate
guaranty of rents.
They take security from tenants when
practicable, but do not find it easy to enforce it against an
individual. Corporate guaranty has demonstrated it3 superi
ority
over personal security in every
w ay;
it is
an advantage to those using it and profitable to the com
panies providing it.
The Rent Guaranty Company of
New York will make a eareful examination of the respon
sibility, business reputation, etc., of those applying for its
guaranty, and collateral security will be taken when neces
sary. The premium will be put at a rate which is considered
fair to the guaranteed, and at the same time large enough to
insure a reasonable profit to the stockholders.
The Knicker
bocker Trust Company, New York, the Third National Bank,
Boston, and the American Exchange National Bank, Chicago,
are the authorized agents of the company to receive subscrip
tions to the capital stock.
Several well known business men
in each of these cities are interested in the company.
— Messrs. Reed & Flagg are offering guaranteed stocks and
bonds for the attention of investors.
A t Mew York.
Total Merchandise.
Month.
[Toi. IiV.
C H R O N IC L E .
The movement of breadstuffs to market is indicated in tfce
statement below, prepared by us from the figures of the New
York Produce Exchange.
W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending June 18, 1892,
a«'* sinoe August 1, for each o f the last three years;
Hsceivt* at—
flo u r.
Wheat.
Corn,
Oats.
Barley.
Rys.
JQhis.Wftlfo Bush.60 la BtMlt.50 lb Bush. 82 lb- BashASi Bu. 5« l\s
123,730
37,005
394,067 2,373,415 2,253,129
116,383
Chicago— .
88,200
8,135
74,820
235,000
383.055
52.800
Milwaukee.
083,316
172.297
Duluth........
1,604,330
Minneapolis
900
58,400
1,800
184,000
725
00,940
8,044
3,901
113.928
0,236
D etroit.. . .
47,421
59
15,074
4.048
46.303
6,030
Cleveland....
772
174,455
2,100
673,040
24,817
133,533
L ouis....
603,U'J
1,800
4,403
241,200
13,000
3,900
P eoria........
Tot. wk. ’P2
Same wk.’9i
Same wk.’9o
Since Aug. ’
1891-92......
1890-91......
1889-90....
880.861
198,245
132,273
3,559,037
1,348,081
903,037
3,445,235
1,628 626
3,589,230
3,377,851
1,007,323
1,700,102
224,973
53,199
132,825
52,171
39,223
95,031
11,074,963 208,885,753 111,966,800 95,992,323 80,961.607 14,222,497
9,582,845 104,472,922 90,904,09c 85,891,403 28,293,797 4,214,115
10,430,238 109,800.179 160,001,3(3 87,302.077 25,734,144 6,011,099
X ne oxuurcs trum cue seversu deaouaru puree lor cna w »K
ending June 18, 1892, are shown in the annexed statement:
E x p o rts
fr o m —
Wheat.
B ush.
New York 1,331,661
Boston...
61,918
Portland.
Montreal. 226,597
Philadel. 210,344
Balttm’re 242.984
87,000
S. Orl’ns.
S’. News..
Norfolk..
Tot. week. 2,160,504
3’ me time
1891.. 1,901,415
Corn,
flou r.
Oats.
B y s.
Peas.
B ush .
B ush.
B u sh .
255,501 . 104,949
52,582
146,360
B u sh .
B bls.
100,255
85,625
8,600
264,843
101,672
4,347
8,730
34,054
56,951
4,687
1,932
119,928
781,323
263,885
405,734
515,890
127,530
4,767
24,888
10,912
98,078
882
99,044
24,888
108,990
46,629
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, June 18, 1892:
Bar ey ,
Bye,
Oats,
Wheat,
Corn,
busa,
bush.
bush.
bysh.
bush.
fn store at—
54;0Ö0
75,000
139,000 283,000
New York........... 2,328,000
9.000
96,000
Do afloat.....
4.000
6,000
8,000
Albany................
51.000
59,000
18,000
8.000
626,000
Buffalo.............
18.000
OMoago.. . . . . . . . . 5.972.000 2,391,000 1,055,000 172,000
39,000
33,000
1,000
„67,000
269.000
Milwaakee.. . . . . .
Duluth . . . . . . . . . . 4.338.000
20,000
62,000
95,000
185.000
Toledo.................
10,000
1,000
34,000
4,000
91.000
D etroit..............
10,000
8,000
Oswego..............
78.000
242,000
373.000
St. L o u is .........
2,000
1,000
9,000
Cincinnati. . . . . . .
14.000
73.000
3,000
18,000
124.000
Boston.............
36.000
4,000
96.000
Toronto..............
21,000 117,000
675,000
Montreal_______
555.000
.... _
190,000
83,000
Philadelphia.......
342,000
5,000
50,000 126,000
16,000
Peoria............... .
30,000
6,000
39,000
Indianapolis.......
12,000
5,000
359,000
50,000
Kansas C ity .....
357,000
787,000
87,000
19,000
Baltimore..........
3,000
7,000
7,414,000
........
Minneapolis........
............
35,000
12,000
On Mississippi...
1,403,000
1,463,000
838,000
On Lakes...........
29,000
»76,000
133,000 483,000
On canal & river.
Tot. Jane 18, ’92. 26,006.000
T»t. J u » e ll,'9 2 . 26,651,000
Tot. June20, ’91. 14,657,217
Tot J u n e 2 i,’90. 21,088,719
Tot. June 2 2 ,’8 9 .16;448,388
5,246,000 4,032,000
4,628,000 3,897,000
4,318,293 4,028,lw2
15,821,320 5,001.147
9,831,399 5,574,971
377.000
532.000
253,173
683,770
968,877
379,000
396,000
125,173
479,830
328,878
Exports op Breadstuffs for M a y , 1892.— The fol
lowing, made up from the statement issued by the Bureau o f
Statistics shows the exports of domestic breadstuffs from
June 25 18V2.J
THE
the under-mentioned customs districts o f the United States
fo r thè month of May in 1892 and in 1891, and for eleven
months of the fiscal year 1891-92.
May.
Breadstuffs
Exports.
1891-92.
1892.
Eleven Months.
Barley, bush.
New York ........
B oston.................
Philadelphia......
B altim ore.... ...
New Orleans......
P ac. oust, dists.*
Other cus. dists.t
Quantities
Qu’ntîUe s
Quantities
«
Value
144,913
91,890
708,220
20,105
2
26,785
S
443.363
15,214
3
21,237
14,978
51,563
57,619
1,969,773
16,738
1,230,630
11,718
Total, barley......
27,231
14,973
Corn, bush.
New York........... 1,084,
581,938
B oston.................
11,444
28,
Philadelphia... .. 2,826.
1,221,205
B altim ore........... 1,210,
626,054
New Orleans......
492,083
936,
Pac. oust, (lists.*
11,636
14,
127,683
Other cns. dists.t
262,
196,476
129,509
2,741,713
1,722,168
546,602
870,658
198,361
107.663
135,336
46,822
516,2u9
424,776 19,930,070 12,146,477
300,563 8,536,018 2,058,251
143,744 17,917,783 0,366,585
79,674 17,842,195 9,233,452
109,581 7,434,747 3,911,721
119,991
45,865
103,788
327,733 3,971,433 2,124,021
27,231
T o ta l,co rn ... ... 5,859,293 3,072,093 1,921,701 1,431,936 70,753,137 38,944,295
Oorn-meal. bbls.
140,180
New York...........
45,384
43,927
10,955
14,867
489,887
51.140
8,482
B oston.................
8,250
2,706
8,273
149,494
2,348
365
Philadelphia......
100
7,896
41,469
7,226
2,434
B a ltim o r e ..........
9,506
3,295
127,289
116
New Orleans.......
56
15
9
28
4C5
P ac. cast, diets.*
21,864
Other cus. dists.t
1,777
818
3,901
1.463
53,355
Total, corn-meal
Oats, bush.
New York...........
B oston.................
Philadelphia......
Baltimore...........
New Orleans....
Pac. oust, dists.*
Other cus. dists.t
22,907
67,069
17,118
61,833
257,117
828,326
6«2,518
61.066
85,084
120,703
3,965
263,798
26,705
83,513
43.959
1,619
3,161
101,297
13,351
942
9,555
625
122
167
3,054
90
107
1,855
4,641,835
103,017
745,110
123,237
5,768
54,963
3,099,066
1,955,248
44,732
293.933
45,087
2,461
26,583
1,221,706
473,052
17,636
12,232
8,772,996
3,589,750
42
11,527
1,880
3,006,
940
317,120
30
10,540
148
3,500
61,776
307,873
57,031
89,06‘i
35
125
,555,019
,821,080
,054,958,
,966,810
1.23 J
163,000i
810,160
607,275
16,445
821,708
10,703 20,372,270
542,053
353,910
317,269
6,732,822
6,lb6,576
6,654,665
159,142
1(9.994
15,994
92,832
14,645
22,000
18,700
1,193.873
662,675]
167,168:
2,481,405
1,124,494
595,510
146,401
2,236,370
4,416
273,922
Total, oa ts.......... 1,211,674
Oatmeal, lbs.
New Y ork ..........
1.186
B oston...............
503,46«
Philadelphia....
« 1,002
B altim ore.........
100,500
New Orleans......
127'
Pac. cust. dists.*
1,000’
Other cus.dists t
Total, oatm eal..
Rye, bush.
New Y ork ...........
B oston.................
Philadelphia......
Baltim ore.........
New Orleans. ..
Pac. cust. dists.*
Other cus.dists.t
6
8i
49
5,315
20,010
11,424,519 10,916,591
Total, ry e...........
443,446
504,868
Wheat, lush.
New Y o r k ........... 5,654,235 5,507,660 2,827.417 2,596,
B oston.................
890,582
98,165
979,938
101,
Philadelphia.....
73,263
635,318
81,
670,631
B altim ore...........
406,
851,420
970.259
9 18,763
New Orleans......
463,
440,010
545,094
615,239
P ac. cust. dists.*
555,395 2,704,103 2,715,
660,699
589,602
676,073
Other cus.dists.t
»03,
292,609
55,945,218
5,202,445
9,139,620
20.574,048
15,823,582
30,774,009
6,079,070
59,109,503
5,127,955
9,513.931
21,101,415
16,666,458
30,967,731
6,906,575
T otal, wheat....... 10,127,124 0,642,414 6,236,987 6,667,808 143,538,031 148,423,648
Wheat-flow, bbls
269,905 1,831, 157 4,482,629 21,480,993
New Y ork ...........
394,572 1,842,669
B oston .................
52!,,823 1,578,804 7.740,644
100,580
660,123
189.710
Philadelphia......
4 ll, ,677 1,538,453 7,631,044
91,608
917,051
183.797
262,896 1,409,381
B altim ore...........
819,,973 3,037,742 15,857.504
167.441
New Orleans......
2,327
131,135
27.205
12,143 186,647 846,943
1,394,772 6,680.009
Pac. cust. dists.*
76,102
380,293
81,661
370,,701
Other cus.dists.t
334,250
91,534
488,,736 1,329,381 7,271,960
73,600
Tot.,wheat-flour.
1,163,341 5,680,902
Totals.
New Y ork ...........
B oston.................
Philadelphia......
Baltim ore...........
New Or le a n s __
P ac. cust. dists.*
Other cus.dists.t
8,558,810
1,614,631
2,808,01“
3,103,500
1,184,610
964.493
1,175,438
4,497,384
943,771
667,087
1,343,020
585,764
3,171,890
1,121,315
19,410,394
12,330,231
Grand total.
799.497 4,016,210 13,548,518 67.509.192
102,343;
15,601.
26,901,
47,599,
22,023,
39.160,
18,845,
272,476,023
’ (Value o f exports from Pacific districts fo r the m onth o f May, 1892:
San Francisco, California....... 2823,894 | Oregon, Oreg...................... ..
........
W illam ette, Oregon.................. 137,961 I
-------------Puget Bound, W ashington.......
2,638 |T otal........................................... $964,493
+ V alue o f exports from other customs districts fo r the month o f May, 1892 :
D u lu 'h , M inn........................... $458,278 i Brazos, T exas..........................
$17,629
Newport News, V a .................
325,271 M ia m i,O h io.............................
7,000
C hicago........... ..........................
244,974
-------------D etroit, M ichigan...................
63,736 T o t a l...................................,....$1,175,433
H uron, Michigan............. .
58,545 |
N o r is.—This statement includes about 98 per cen t o f the entire exports o f the
articles named from all ports o f th e country.
Auction gales— Am ong other securities the following, not
regularly dealt in at the Board, were recently sold at auction,
B y Messrs. R. V . Harnett & C o.:
Shares.
Shaves
100 Nat. Bank of Commerce. 1895s
20 Real Est. Ex. & Auction
35 Market & Fuit. Nat. B’k..227%
Room. Limited_______ 92
Bonds.
24 Fourth Nat. Bank............20658 1
25 Corn Exchange Bank___25912 |$2,000 Jersey City Imp. 7s,
10 Nat. Bank of Deposit___ IIS 1* | 1894...................................... 105
50 Ninth Nat. Bank............... 118 |
D I V I D E N D S .
Shares.
5 Lawyers’ Title Ins. C o... 151
10,354 Morristown & Cumb,
5 Celluloid Co..................... 95%
Gap R. R .......$25 for the lot.
20 3d Nat. Bank..................10 9
Bonds.
20 N.Y.Bowery Fire Ins.Co. 90^ $35,000 Oregon Pae. RR.lsts
15 United Domestic Sewing
(Trust Receipts).................. 17*8
Machine Co. (Div. of 2%
$525,000 Morristown & Cumb.
p. c. due July 1st, sold
Gap R R .lst M.6s.$130 for the lot.
with the stock).............102
$25,000 co . of Hamblen
25 State Trust Co................ 208%
(Tenn.) M. & C. G. Ry.
100 Chatham Nat. B a n k ...... 421
Bonds..................$100 for the lot.
Prices of Richmond Terminal
23 Exchange Fire Ins. Co... 79
securities sold will be found in
“ General Investment News.”
Per
When
Cent. Payable.
ITtant o f Company.
R a ilro a d *.
Chic. 8t. P. Minn. & Omaha pref.
Cin. Ham. & Day. pf., Ser. A (qu.)
1
Day. & Mich. pref. (quar.) guar..
2
Del. Lack. & West, (quar.)..........
1%
Granite.......................................... $2
N. Y. Cent. & Hud. River (quar.) ........
1
Norfolk & Southern (quar.)........
4
Norwich & Worcester p ref........
Oregon Ry & Navigation (quar.).
1*9
Toledo & Ohio Central pf.(quar.)
1%
United N. J. RR. & Canal (quar.)
2 1*
3
Worcester Nashua & Rochester..
B a n k s.
Bank of America..... ....................
4
Bank of New York, N. B. A ........
5
Bowery...........................................
6
Columbia........................................
4
Continental National.................... É3
Eleventh W ard..... ........................
4
Fourth National............................
313
Importers’ & Traders’ Nat......... . 10
Market & Fulton Nat..................
4
Mechanics’ , Brooklyn..................
6
Mechanics’ & Traders’ .................
4
Mercantile National.....................
3
Merchants’ Exchange Nat...........
3
Merchants’ N ational....................
3^2
Murray Hill iquar.).......................
4
National Bank of Commerce___
4
Nat. Bank of North America___
3
4
Nat. Bank of the Republic..........
National Broadway.....................
8
4
Nat. Butchers & Drovers’ ...........
National Citizens’ .........................
31*
5
National P a r k .............................
4
National Shoe & Leather.............
5
Oriental..........................................
5
People’s .........................................
3
Phenix National............................
3
Seaboard National........................
5
Second National...........................
3
Southern National........................
2
Tradesmen’s National..................
T r u st C om panies.
3
Title Guarantee & Trust.............
United States................................ 16
M iscellaneous.
Central & So. Am. Tele. (quar.)..
1%
Domestic Sew. Machin com. (qn.)
21*
Do
do
pref. (qu.)
1%
5
International Bell Telep.. Lim..
Minnesota Iron (quar.)...............
l 1*
2
Procter & Gamble, pref. (quar.).
4
Tenn. Coal Iron & RR. pref........
Wells, Fargo & Co.’s Express----- •4
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July]
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
July
Books Closed.
(Days inclusive.)
20 July
5 June
5 June
20 July
1
15
12
5
1
25
11
2
July 20
July 5
July '5
July 20
1
1
1
1
5
1
1
1
1
1
1
1
1
1
1
5
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to June 30
to June 30
to Jans 30
to June 30
to Jans 30
to Juns 30
to June 30
to Jun e30
t o -----------
2 June 26 to Julv 4
E9 ---------- t o -----------
2
July
1
July
Aug.
1
1 June
July
July
1 June
July 15 July
July 15 July
Julv 15 Julv
to
to
to
21 to July
21 to July
2 to July
1 to J uly
1 to July
2
1
IS
1515
N. 1 . and Brooklyn Gas Securities—Brokers’ Quotations,
G A S C O M P A N IE S .
Bid.
A sk.
G A S C O M P A N IE S .
1R ia.
140 ] W illia m s b u rg ..................... |l30
I I 534
M etropolitani B ro o k ly n ).. 115
M unicipal—B onds, 7s....... ...........
112
F ulton M u n icip a l.............. 340
B onds, 6 s.......................... 102
102
E qu ita b le..............................1163
B rooklyn G as-L ight........... 135
115
Jersey City & H o b o k e n .. 180
M etropolitan—B o n d s ....... HO
Mutual (N . Y . ) ....... .......... 140
B onds, 6 s........................... 100
Nassau (B ro o k ly n )............ 140
100
92
P eople’ &(B ro o k ly n !.........
Ask
—
120
145
107
165
95
City Railroad Securities— Brokers’ Quotations.
A tlantio A v ., B ’k ly n .S t’k.
Gen. M., 5s, 1 9 0 9 ...A & O
Bl’ ck e r S t. & F u i.F .—Stk.
l s t m ort., 7s., 190P-. J&J
Br’ dw ay & 7 t l Av.—St’k ..
l s t m ort., 5s, 1904 .J& D
2d m ort., 5s, 1 9 1 4 ...J & J
8 ’ w ay ls t , 5s, g u .......’ 24
2nd 5s, int. as ren t., ’ 05.
Brooklyn C ity—S to ck .......
B ’k ly n crosst’n 5 s., 1908
B kn.C ’y&N'’ n5s, 1938 J& J
Central C rosstown—S t’k ..
l s t m ort., 6s,1922.M & N
Cent. F k.N .& E .R iv .—Stk.
Consols. 7s, 1902 ...J & D
Dry Dk. E .B .& B at’y —Stk.
ls t mort., 7s, 1 8 9 3 ..J&D
D ry D ock E . B ’y & B .—
110 112
S 'crip .................... ..............
100 103
30 I E ighth A v .—S tock..............
28
110 113 1 E ig h th A v .—S crip, 6a, 1914
42a & Gr’nd St. F ’ry —Stk.
197 200
l s t m ort., 7s, 1 8 9 3 .A&O
104
42d St. Manh.& S t.N .A ve.
103
105 . . . . . . 1 l s t mort., 6s, 1910.. M&S
2d M „ in co m e ,6s ....J & J
94
1 H oust. W .St.& P .F ’y —Stk.
184 18
109 110 1 l s t m ort., 7s, 1 8 9 4 ..J&J
1011a 102 Ja N inth A v e ............................
135
1st m ort., 5s, T909.M&N
115 117
S ixth A ve.—St,06k ..............
125 130
T hird A v e .—N ew s to c k ...
116 120
l s t M ., 5s, 1937.......J&J
112 116
Twenty-third St.—S to ck ..
100 101
1 is t m o r t . 7s. 1893.
LIBERTY N A TIO N A L
100 102
240
105 109
250
100 103
49 6 2
110 112
57 5 »
2(H)
100 107
128 133
112 115
103 105
197 200
204 207
112 114
2 5 0 1 ......
1*2» 104
_,
BANK,
Central Building, 143 Liberty Street. New York.
CAPITAL,
# 5 0 0 ,0 0 »
ACCOUNTS OF BANKS, BAN KERS A N D M ERCHANTS SOLICITED.
H ENRY C. TIN K E R President.
H E N R Y GRAVES, Vice-President,
JAMES CHRISTIE, Cashier.
DIRECTORS.
H E N R Y C. TIN KER,
H E N R Y GRAVES,
GEO. F. B AK ER ,
J. R. M A X W E L L ,
H . C. FAHNESTOCK.
HON. G. A . H O B A R T
J. A . GA R LAN D
E. F. C. YOUNG,
W M . RUNKLE,
DUMONT CLARKE,
JNO. H. STARIN.
THE MERCANTILE N A TIO N A L BANK
Capital^
By Messrs. Adrian H . Muller & Son s:
Shares.
TOST
CHROM OLE.
OF THE CITY OF NEW Y O R K ,
No. 191 Broadway.
$ 1 , 000,000 I S u r p lu s * P rofits, $ 1 ,0 3 0 ,GOD
W IL L IA M P. ST.JOH N , President. I FBEDENICX 3. SCH 3N 0X , Cashier.
JAMES V. LOTT, Assistant Cashier.
A C C O U N T S S O L I C I T E D . ____________________ V
S p en cer
10 W a ll St., N ew Y o r k .
T rask
&
C o .,
BAN KERS,
16 Congress S t., Boston»-
A L B A N Y , State & James St.
PROVIDENCE, 5 & 7 Exchange St.
Members New York and Boston Stock Exchanges.
COMMISSION ORDERS EXECUTED ON E IT H E R EXC H AN G E.
Direct Private Wire to Each Office and to Philadelphia.
DE A LER S IN STATE , CITY AND R A IL R O A D BONDS,
1038
THE
ja n k e r s '
C H E O N IO L E
© a le tt e .
tar For dividends see previous page.
W A L L STREET, F R ID A Y , JUNE 24, 1892—5 P. M.
[V o i* U T ,
p a r ; selling, 1-16 to % prem ium ; Charleston, buying 1-16 pre
mium, selling, % @ 8-16 premium ; New Orleans, bank, $1 50
per $1,000 premium, commercial,75c. premium; St. Louis, 75c.
per $1,000 premium ;Chicago, 25c. per $1,000 premium.
U nited States Bonds.— Quotations are as follow s:
Interest June
Periods 18.
question is believed to be safely guarded.
Hot and forcing weather has done much to bring the crops
forw ard, and by the first of July there may be no great d
«nee between this and other seasons. The winter-wheat har
dest is already progressing well in many States, and thè yield
is satisfactory.
Richmond Terminal affairs have further advanced by the
appointment of a receiver for the company on the application
of friendly parties. This was the only safe course, and, as in
the Richmond & Danville case, it is simply for the protection
•of all interests. It is not yet definitely known whether
Messrs. Drexel, Morgan & Go. will undertake the reorganiza
tion, but the current opinion on the Street is that they will
•do it.
’Gold exports are again declining, and as we are approach
in g the season for enlarged exports of produce, particularly
•of wheat in July, there is some idea that we m ay have seen
the last of gold exports for this season. But in 1891 it was
near the end of July before the exports o f gold ceased.
From the present outlook it would appear that the railroads
have very fair prospects for freight during the next six
anonths, particularly as the growing crop of corn is not sent
to market during that time, and the 1891 crop surp,lus is
large. The yield of corn in 1892 is, of course, uncertain as
yet, but it may still be large in spite of the late season. It is
much to be hoped that a rational change of sentiment towards
th e railroads will take place in Texas and fair freight rates be
Allowed ; it will be a good sign when farmers throughout the
•country come to recognize the railroad as their best friend,
-and are willing to admit that railroad capital is entitled to a
fair profit.
The open market rates for call loans during the week on
«stock and bond collaterals have ranged from 1 to 2 per cent,
th e average being 1% per cent. To-day rates on call were
H % to 2 per cent. Commercial paper is quoted at 3@ 4 per cent,
«cent.
I k * Bank of England weekly statement on Thursday showed
-an increase in bullion of £789,000, and the percentage of re
serve to liabilities was 47-72, against 46-99 last week; the dis
count rate remains unchanged at t per cent. The Bank of
Franee shows an increase of 9,125,000 franos in gold and
1,825,000 francs in silver.
The New York Clearing-House banks in their statement of
-June 18 showed a decrease in the reserve held of $367,000
f*nd a surplus over the required reserve of $22,783,825, against
¿§23,545,850 the previous week.
1892.
Difftren'sfrom
June 18. • Prev. week.
««apltal.................
•urplus................
Loans and disc’ts
■Circulation.........
Net deposits........
Specie.................
Legal tenders....
Reserve h e ld ....
L»sgal reserve___
$
««,*72,700
67,906,800
496,564,000
5,628,000
543.663,100
101,054,300
57,645,300
158,699,600
1*5,915,775
%
In c .2,894,300
Ine.
26,50©
Ine .1,580,100
Dec.1,891,600
Ino. 1,524,600
Dec. 367,000
Ine. 395,025
1891.
June 20.
1890.
June 2 L
$
«0,772,700
«4,366,700
8*6,189,700
3,570,100
*94,824,700
65.382.200
49.496.200
114,878,400
•8,706,175
$
60,812,700
60,526,500
395,518,500
8,771,aeo
403,837,10©
75,398,800
*1,705,400
1*7,104,200
100,959,275
2 s ,.......................reg.
4s, 1907.............. reg.
4s, 1907........... coup.
6s, our’cy,’ 9 5 ....reg .
6s, cur’cy,’96___reg.
6s, our’cy,’97___reg.
6s, our’cy,’ 9 8..„.reg.
6s, cur’cy,’ 99___reg.
June
20.
June
21.
June
.22.
June June
23.
24.
Q.-Mch. *100 i *100 *100
1 00 1*100 * 1 0 «
Q .-Jan. m e r m e s » m e s s *?ll«5g *116*9 *116%
Q.-Jan. *11750 *117®8 *117^8 *117% *117*« *117%
J. A J. *106 i*106 1*106
106 1-106 |*106
J. A J. *108*« *108*« *108
108*« *108*9*108**
J. A J. *11l*fl *111*9 *111
iii* 9 ;* iii* 9 ;* n i* *
J. A J. *114 *114V*114
114 *114 *114
J. A J. *117 )*117 1*117
117 1*117 *117
Government Purchases o f Silver.— The following shows
the amount of silver purchased by the Government in June :
Ounces
offered.
Ounces
purchased.
Previously reported............ 3,565,000
June 13.........................
534.000
“ 15.................................. 735.000
“ 17.................................. 774.000
*Loeal purchases................
2,587,461
334.000
. 508,000
729.000
175,486
‘ Total In month to date.. 5,608,000
4,833,947
Price paid.
$0-8«40
$0 8967
$0-9020
*0-8990
$ ........
®
®
®
a>
®
$0-9070
$0-8980
$0-9025
$0-9000
$ .........
The local purchases of each week are not reported till Monday o t
the following week.
~
Coins.— The following are the current quotations in gold for
various coins:
Sovereigns..........$4 90 ®$4 95
Fine silver ba rs..
87*s3 — 88 *s
Napoleons.......... 3 90 ® 3 95
Five fiuncs_____ — 90 3 — 9»
X X Reich marks. 4 75 ® 4 80 Mexican dollars.. — 68 ® — 70
25 Pesetas........... 4 75 ® 4 85
Do unoommero’ l — — ® — —
Span. Doubloons.15 50 ®15 70 Peruvian s o l s . .. . . — 64 ® — 66
Mex. D oubloons.15 50 ®15 70 English silv e r.... 4 80 ® 4 90
Fine gold b a rs ... par ®% prem. U.S. trade dollars — 70 ® ------United States Sub-Treasury.— The follow ing table shows
thereceipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day o f the week.
Date.
Junel8
“ 20
“ 21
“ 22
*• 25
» 24
Total
Receipts.
$
3,042,874
2,744,937
3,171,991
2,830,208
6,744,957
3,416,112
Payments.
$
2,996,644
2,705,097
3,129,2 46
2,562,223
6,523,980
4,270,804
Coin.
$
92,661,470
91,698,560
91,691,144
91,223,084
89.230,277
87,464,596
Balances.
Ooin Oert’s. Ourrency.
$
16,831,673
17,810,399
17,679,848
18,009,987
19,479,599
19,873,641
$
15.630,268
15,654,292
15,835,014
16,240,917
16,985.083
17,502,035
21,951.077 22.187.934
State and R ailroad Bonds.— Sales of State bonds include
$5,000 A la ., Class B , bonds at 1 0 7 % ; $5,000 do., Class A, bonds
at 105; $2,000 do., cur. funding 4s, at 97 % ; $37,000 Tenn.
settl. 3s at 74%-75 ; $5,000 N . Car. consol. 4s at 100; $27,000
N . Car., special tax trust receipts, at 3 @ 3 % .
Railroad bonds have shown a fair business, but somewhat
irregular in different issues. Atchison 4s ancf incomes have
been active and strong on good buying. The Richmond
Terminal bonds have fluctuated widely, according to the
various facts and rumors coming out each d a y ; the 6s de
clined to 75 and close at 77% ; the 5s declined to 42 and
close at 44. In Richmond & Danville bonds very little was
done. The Reading issues have been steady on a moderate
business. In some of the other popular bonds prices have
been quite strong recently, and among these may be named
Louisville New Albany & Chic, general 5s at 74; Chesa. &
Ohio R. & A . 2-4s at 79 % ; Northern Pacific consol. 5s at 75;
Chicago & Northern Pacific at 79% and Duluth South Shore
5s at 105. The receivership for Richmond Terminal cannot
be regarded, under existing circumstances, as unfavorable for
the bondholders, since the receivers for this company and
for the Danville are appointed for the protection of the
properties.
R ailroad and Miscellaneous Stocks.— The stock market
has been somewhat irregular on a fair summer business. The
chief feature lately has been the activity in the grangers,
Foreign Exchange.— W ith a very moderate demand for
particularly in Atchison and Burlington & Quincy, with de
sterling bills rates of exchange have become easier. The ship cided weakness in the latter and sales “ seller 6 0 ” 1 per cent
m ents of gold this week amounted to $5,250,000, including or more below the market, leading to the conclusion that
-$1,750,000 by to-morrow’s steamers. Actual rates for exchange bearish influence is again working. St. Paul and Rock Island
are pretty steady. The Northern Pacifies have recovered
-are: Bankers sixty-days sterling, 4 8 7 ^ 4 87 % ; demand,
somewhat from their recent depression and there seems to be
-4 88% @ 4 8 8 % ; cables, 4 88% § 4 88%.
more confidence in the properties of the Northern Pacific
group. Union Pacific was sold down at one time, but closes
Posted rates of leading bankers are as follows:
better at 39% . N. Y, & New England is stronger at 37% ,
probably on the prospects of the voting trust scheme, Rich
June 24.
/Sixty Days.
Demana.
mond Terminal Trust certifs. declined to 6% on Tuesday, be
Prime ©ankers’ sterling kills on London.. 4 *7*s®4 88 4 89 « 4 89*s fore the receiver had been appointed, but afterwards re
Prime cow mereiai...................
4 ***4©4 SS>*
covered and have been Selling about 7. Am ong the un■Documentary oenamereial...................
4 *5% 34 *«
Far is bankers (franosi.........................
* 17*3»*
5 l«% i»5 150s listed Sugar has been active at times and closes at 97% for
‘Amsterdam (guilders) bankers.................. 4*** » 4 «ii* 4©H*4*7iS common. Duluth South Shore has f urther advanced on ac
Frankfort er Sremen (reieiimarks)b’nkers *•*499538
•5% 9 «5^8
tive buying, owing to the Canadian Pacific control, and the
The following were the rates of domestic exchange «n New common sells at 11% and pref. at 33. The General Electric
Company’s stock will now be issued in exchange for Edison
'York at the undermentioned cities to-day: Savannah, buying, General Electric.
<.rplus reserve.
22,788,825 Dee. 762,025
16,172,225
6,144,925
THE
J v m 25, 18M .]
1089
C H R O N IC L E
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS tor week ending JUNE 24» and since JAN. 1, 1802.
HIGHEST AND LOWEST PRICES.
Saturday,
■June 18.
Monday,
June 20.
34ia 34%
*4
4%
9718 97%
*89*4 90*a
*58ia 59
‘ 137 ¡»1 158%
*30ia 31
*23 *8 23%
*61
61%
*41% 43
‘ 150
1015g 102%
*60
62
*98 *a 100
82*a 83
126% 127%
116H» 116%
34% 34%
*4
5
97
97%
*89% 90%
59%
*59
137 139
*30% 31%
23% 23%
*60% 62
42
42
‘ 148 152
101 % 102 %
80% 81%
49% 49%
*121 123%
*66%
667e
Tuesday,
June 21.
34% 35%
*4
96% 97
90% 90%
59% 59%
'137% 138%
*30
31
23% 23%
*60% 62
*41% 43
'148 152
1017g 103%
*60% 61%
*98% 100
82% 83% 82% 84%
127% 127% 127% 128%
116% 117% 117 117%
Wednesday,
June 22.
35%
-4
96%
89%
59%
*137%
30
23%
*60%
*41%
152
36
5
96%
90%
59%
139
30%
23%
62
42%
152
102 % U 3%
*60
62
997e 99%
83% 84%
128 128%
117% 118
144% 144%
80% 81% 8078 82% 82% 82%
50
50% 49% 50%
50
50
122 122
'121 123
121 123%
67
67
67
68% 68
68%
36®g 36% 36% 37
36% 37% 3678 37%
137 137
136% 136% 136% 137% 137 137
15678 15678 156% 156% 156% 157% 156% 157%
*17
17% 16% 16% 17
17
•51*4 51% 50% 51% 50% 50% 51% 51%
*4% 5
4% 4%
*4
*4
5
5%
*36
45
*35
30% 30% *30
45
40
*10
12
10% 10% 10
10
7% 7%
* L27
130
*10
*40
*24
*75
133
*111
71%
25%
128
*107
*90
»129
12
29
11
44
25
76%
133
113
71%
2578
129%
109
*57%
*38
*88
*113
*16%
*71
*33
27%
65%
36*«
*247%
18%
14%
*64%
*11
*45%
19 7s
54%
*21
*30
74
22%
*17%
59%
58
39%
92
113%
16%
75
38
27%
66
37%
* 101 % 102 %
12
29
18%
14%
65%
12
46%
19 7e
55
22
32
74
22%
18
5978
*22
24
62% 63
8
7%
*43
48
*36
38
*72% 73
* 111 % 112
*7%
8
*15% 16
*43% 45
*106 108
*115 116
37% 37%
9%
*8%
*23% 24%
*49
50
*83% 86
39% 40%
16% 16%
*11
11%
25% 25%
30% 31%
*73
73%
»16
16%
127% 133
'102 103
133
133
102 % 103
*10
41
24% 24% 24
*75
76% 75%
132% 133% 134
11
42
24%
75%
134%
111% 111 % 111 % 111 %
71% 72% 72
73
25% 26% 25% 26%
128 129%
12s 128
107% 109 *107% 109
*90
129
*11% 12
*11% 12
*28% 29% ‘ 28% 29%
*14% 15%
15
15
25% 25% 25
25%
58% 58% 58% 59%
*37% 39% *37% 39%
95
*88
91
91
113% 113% 113% 113%
*16% 16% 16% 16%
76
*71
*71
75
*34
38
*35
38
27% 28
27% 28
*65% 66% 66
66
35% 37% 36% 36%
'247%
'247 250
18% 18% 18% 18%
14% 14%
15
15
64% 65% *64% 65%
*11
12
*11
12
*45% 46% 46% 46%
20% 20% 20
20%
54% 56%
54% 55
*21
*21
22
22
*30% 34
*30% 32
*73
*71
76
75
*20
23% *20
23%
*17
18
*17% 18
59% 60% 59% 60%
*22
*22
24
24
62% t’2% *62
63%
42%
7
6%
7%
4134 44% 40% 40%
*36
*36
38
38
*72% 73
73
73
‘ 111 % 112
7%
14%
*43%
‘ 106
114%
37%
9
*23%
*49
*83%
39%
*16
11
25%
31
*73
*16
39% 39% 39% 39%
*77
77% 77% 77%
95% 96
96
96%
*95% 96
96% 96%
81% 8 t % 82
81
33% 33% 33% 33%
«114% 115% 115 115
47% 48
x46% 47%
*108% 109
108% 108%
118% 118% 118% 118%
113% 114
113 114
35
35% 35% 35%
90% 90% 90% 90%
13% 13% 13% 13%
*20
*20
27
28
*34
34% 34
34
54% 54% 54
54
196 196
196 196%
89% 90
89% 90%
*36
37
36
36%
1.05 105 ‘ 106 112
95% 94% 94%
95
These ar. the p iioes
112
112 %
39%
77%
96
96%
81%
33%
115%
46%
107
118%
113%
35%
90%
13%
*20
34%
53%
195
88%
35%
40%
77%
97
96%
8134
33%
115%
47%
108
119
113%
35%
9078
13%
28
34%
54
195
88%
36 7e
*7
7%
8
14% 15
15
*43
45
45
108 '106 108
116
11578 116
37% 37% 38
9
878 8%
24% *23% 24%
50
*49
50
86
*83% 86
38
s
4
397(_
39%
17% 16% 16%
11
11% 11%
25% 25% 26*8
31% 31
31%
73% *73
73%
16% 16% 16%
*133%
103%
*10
*40
*24%
*75%
133%
110%
72%
26
129%
107%
* 11 %
29%
*14%
25%
59
*37%
*90
113%
*16%
'72
*34
27%
66%
134%
103%
11
45
25
77
134%
112
73
26%
132*4
108%
12
29%
15%
25%
59%
39%
92
113%
16%
78
38
28
66%
365s 37%
'247 250
18% 1878
14% 14%
*64% 65%
*11
12
*45% 46%
20%
20%
55 78 57%
‘ 21
22
*30
34
73
73%
*22% 23
‘ 175s 18
59% 601!
‘ 22
24
*62
63%
42
*40
63è 7%
*38
40
*36
38
*72% 73%
112 113
*7
8
15
15
*43
44
106 108
116 116%
3738 375g
9
9
23% 23%
*49
50
*83% 86
39% 3978
*16
17
11 % 11 %
26
26%
30% 31%
73
73
17% 17%
39%
77%
97
96%
81%
33%
115%
47
107%
118%
113%
35%
91
13%
*20
34
53
‘ 195
88%
*36
40%
77%
98%
96%
823g
33%
115%
47%!
107%
119%
113%
35%
91%
135s
28
34%
53%
197
88%
37
935g 93% 935a 94%
bid and askeu ; no sale
Thursday,
June 23.
Friday,
June 24.
STOCKS.
Sales
of the
Week,
Shares.
Range of sales in 1892.
Lowest.
Highest
A c t iv e B R . S t o c k s .
36% Atchison Top. & Santa F e .... 86,120 32% May 21 46% Jan. 4
Atlantic & Pacific............. .
4 Apr. 21
5% Jan. 2
96% Baltimore & Ohio.............
3.920 95% Mar. 9 101% dar. 12
90% Canadian Pacific..................... , 100 86% Mar. 22 94% Jan. 12
59% Canada Southern....................
2,160 57% June 8 64% Mar. 5
138% Central of New Jersey...........
200 111% Jan. 19 145 Feb. 29
31 Central Pacific........................
110 30% Mar. 21 35 Jan. 4
23 Chesapeake & O., vot. tr. cert.
3.921 22 May 20 28 Jan. 14
61%
114 59 Jan. 9 64% Jan. 16
Do do
1st p re f....
42%
181 38% Jan. 9 43% Feb. 17
Do do
2d pref........
155 Chicago & Alton .....................
139 Feb. 4 152 May 23
101 % 1023s
101 % Chicago Burlington & Quincy. 118,670 96% June 10 110% Jan. 28
*61
61%
62 Chloago & Eastern Illinois....
62% Mar. 28 70 Jan. 2
99% 99%
99
Do
pref.
425 98 Jan. 20 104 Feb. 11
83% 83%
83% Chicago Milwaukee & St. Paul. 114,150 75% Apr. 2 84% June 15
127% 128
127%
3,886 120% Jan. 19 12878 Mar. 5
Do
pref.
117% 117%
117% Chloago & Northwestern....... 12,212 114% Jan. 19 121% Mar. 5
Do
pref.
141% Jan. 12 147% May 27
81% 823s 81
81 Chicago Rock Island & Pacific. 65,935 75% June 8 94% Jan. 7
49% 50% 495g 50 Chicago St. Paul Minn. & Om. 3,550 44 Jan. 19 52% May 7
122 123
122 123
Do
pref.
100 108% Jan. 20 123% June 3
67% 68
67% 68 Cleve. Cinoin. Chic. <fc St. L ...
2,710 64 June 8 75 Jan. 7
Do
pref.
95 Jan. 5 99 Mar. 7
36% 36% 36
36% Columbus Hooking Val. & Toi.
3,685 29% Jan. 19 40 May 13
136% 136% *136% 138 Delaware & H u d son .............
811 12278 Jan
149% Apr. 7
156% 156% 156% 157 Delaware Lackawanna ¿West
7,166 139% J+n. 19 167% Feb. 29
*16% 17%
Denver & Rio G rande............
200 16% June 2 19% Jan. 2
51
51
51
51
Do
pref.
1,150 45 Jan. 8 54 Mar. 9
4
4
*4
5 East Tennessee Va. & Ga.......
710
4 June 23
9% Jan. 7
*30
40
*32
40
Do
1st pref.
104 30% June 21 51% Jan. 11
*8
10
8%
9
Do
2d pref.
7% June 22 20 Feb. 29
750
130 Evansville & Terre Haute___
xll9% Jan,15 140% May T
133% 133% 132 132% Great Northern, pref,
2,867 119 Jan. 2Ä 142 Mar. 17
102 % 102 % 103% 103% Illinois Central..........
680 101 June 10 110 Jan. 5
*10
11
*10
11 Iowa Central______ ________
10 May 26 15% Jan. 4
*41
45
*41
43
Do
pref.
15 39 May 23 56% Feb. 13
23% 24
*24
24% Lake Erie & Western
2,025 20% Jan. Id 27% Apr. i r
*75% 77
75
75%
Do
pref.
448 69% Jan. 5 80 Apr. 18
133% 134 *133% 134% Lake Shore &, Mloh. Southern.
4,670 120 Jan. 19 140% Mar. 5
111 111
110% 112 Long Island.............................
1,213 95 J an. 1>« 112 June 17
72% 72% 71
72% Louisville & Nashville............ 28,007 70% June 15 84% Jan. 2
26
26% 25% 26% Louisv. New Alb. & Chicago..
7,885 23% Apr. 4 31 Jan. 7
132 134
131 132 Manhattan Elevated,consol..
8,040 104 Jan. 2 134% May 24
'108 109
103% 108% Michigan Central.....................
100 104 Jan. 20 116 Mar. 7
Milwaukee Lake 8h. & W est..
92% Jan. 6 94 Feb. 1
Do
pref.
128% Feb. 24 135 Jan. 28
*11% 12
11% 11% Minneapolis & St. L o u is ......
108
8 Feb. 25 14 Apr. 29
*29
30
*29
30
Do
pref.
300 18 Mar. 5 30 Apr. 30
14% 14% *14% 15% Missouri Kansas & T ex a s___
120 14 June 6 20% Jan. 13
25% 25% *2 d% 26%
Do
pref.
1,150 24 June 6 33% Jan. 13
58% 59% 58% 59 Missouri Pacific..................... .
7,850 54% June 7 65% Jan. 4
*37% 40
*37% 40 i Mobile & Ohio................ .
34% Jan. 27 42% Jan. 2
*90
92
*90
92 Nashv . Chattan o oga&S t.Louis
100 85 Mar. 29 91 June 21
113 113% 113% 113% New York Central & Hudson.
1,478 111*8 June 8 119% Mar. 5
*16
16% *16
16% New York Chic. & St. Louis ..
200 16 June « 22% Jan. 5
*71
76
*71
76
Do
1st pref.
72 May 19 91% Jan. 4
*33
*36% 38
38
Do
2d pref.
36 June 6
Jan. 4
27% 27% 27% 27% New York Lake Erie & West’n 16,720 25% June 8 45
34% Jan. 2
65% 65% 65% 65%
Do
pref.
1,011 63 June 8 77% Mar. 5
36% 37% 37
39 New York & New England... 75,375 34 June 13 59 Mar. 3
248% 248% 248 218 New York New Hav. & Hart.
147 224 Jan. 15 252 June 2
185g 18% 18% 18% New York Ontario & Western
2,080 18 June 6 23% Feb. 11
14% 14% 14% 14% New York Susquehan. & West.
97i 10% Jan. 4 15% May 24
*64% 65% 64% 64%
Do
pref.
155 41% Jan. 2 66% June 11
*11
*11
12
12 Norfolk & W estern..... ..........
11 June 10 18 Jan.
*45% 46
45% 45%
Do
pref.
180 45% June 7 56 Jan. 4
20% 20% 20% 20% Northern P acific.....................
2,463 18% May 14 26% Jan. 2
56% 57
56% 56%
Do
pref. 69,444 51% Ma 24 72% Jan. 2
*21
*21
22
22 Ohio & Mississippi..................
20% M
1 24 Jan. 5
30
30
30
30 Ohio Southern.........................
400 19 Jan. 12 37 % Mar. 23
70% 70% *70
75 Oregon R’y & Navigation Co.
365 70% June 23 91% Jan. 28
22% 22% *22
23 Oregon 8h. Line & Utah North
200 22% May 16 33% Jan. 4
*17% 18
*17% 18 Peoria Decatur & Evansville.
1678 June 6 22% Jan. 4
59% 60% P hila. & Read., vot. trust, cert. 69,550 38 Jan. 10 65 Feb. 11
59% 60
*22
*22
24
24 Pittsburg Cinn. Chic. & St. L.
23 May 5 30*8 Jan. 5
62% 62% *62
63%
Do
pref.
" à ’o ó 60 Apr. 1 67 % J an. 5
*40
42%
40 Pitts. & W est, pref. tr. certs.
39% Jan. 4 45 % Apr. 29
7
7%
Rich. & West P’t Ter’], tr. ree. 21,455
6% June 22 11 Apr. 8
41
*38
39% 39%
Do
pref., tr. ree.
760 40% June 21 59 % Apr. 8
*36
*35% 38 Rio Grande Western...............
38
36% May 26 41 Jan. 5
*72% 73% *72% 73%
Do
pref.
25 68 Feb. 26 74 Mar. 11
111 % 112% ' 111 % 113 Rome Watertown AOgdensb.
212 110 Jan. 19 112% Jan. 4
75g
7%
7% St. Louis Southwestern.......
7%
7% June 6 11% Jan. 2
300
*15
16
‘ 15
16
Dó
pref.
226 15 June
22%t Jan. 2
45
*42% 45 St. Paul & Duluth.................. .
*43
42 Mar. 26 48% Jan. 7
106 108 ‘ 106 108
Do
pref
103 Jan. 19 107% May 26
115% 116 ‘ 115% 116% St. Paul Minn. & Manitoba..
2,790 112 Feb. 2.6 116% Jan. 4
37% 37% 37% 37% Southern Pacific Co..............
1,740 37 Apr. 5 41% Jan. 6
9
9
9 Texas & Pacific.....................
8%
1,190
8% May 21 14% Jan. 4
23% 23% *23% 24% Toledo Ann Arbor & N. Mich
300 23 Apr. 1 27% Feb. 3
50
*49
»49
50 Toledo <fc Ohio Central..........
46 Jau. 28 52% Feb. 13
*83% 86
*83% 86
Do
pref
83 Jan. 12 88 Feb. 11
39% 40% S9% 39% Union Pacific. . .
............ 40,180 38% June 7 50% Jan. 4
*16
17
*16
17 Union Pacific Denver & Gulf
2uu 16% May 25 25 Jan.
11
11
11
11 W abash...,.......... ....................
1.320 10 June 8 15% Jan.
255g 26% *25% 25%
Dc
*
pref.
3,900 22% June 8 33% Jan ’
30% 31
30% 3 1%|Wheeling & Lake Erie
10,650 3u% June 1 40% Jan.
Do
73% 73% 72% 72%
pref.
557 72% June 24 80% Jan.
18
*17
*17
18 Wisconsin Central Co.
I
500 15% May 20 21% Jan.
! m is c e lla n e o u s S t o c k s . I
39% 39% 39% 39% American Cotton Oil Co........
3,440 32% Jan. 19 41% Apr. IB
77
77
77
77 I
Do
pref.
1,160, 63% Jan. 19 $o% May 297% 98 Am. 8ugarRef.Co .................. 30,728 78% Jan. h9 101% Mar. 23
97*8 98
96% 96% 96% 96% I
Do
pref.
1,757 90 Jan. 19 99% Mar. 23
81% 82% 81% 82% Coicago Gas Co.,trust rec’ts. 34.065 71% Jan. 2 82% June 15
*33
34
*33
33%|Colorado Coal <fc Iron.............
760| 28% May 241 i:9% Jan. 11
116% 115% 115% 115% Consolidated Gas C o .............
513 102 Jan. 1 116*8 May 28
47% 47% 47% 47% Distilling & Cattle Feed’g Co. 21.66 > 44% Mar. 91 67% Jan. 7
Edison General Elec., tr. ree.
1,425 96% Apr. 7 113% May 13
118% 119 National Cordage C o .............
118% 119
5,739 92% Feb. 13 119% June 23
113% 11378 112% 11334
Do
prei.
3,487 100 Jan. 4 115 May 26
35% 35 % 35
35% National Lead Co..
3,151 30% Mar. 241 39 Jan. 4
91% 91% 91% 91%'
Do
pref.
2,510 Si
ar 24 92 June 3
13% 13% 13% 13% North American Co
5,721 11% May 18 18% Jan. 4
28
*20
*20
28 Oregon Improvement C o .......
19 June 14 29% Jan. 4
34% 34% 34
34 Pacific M ail_______. . . . '. .........
’ 900 33% June 10 40% Jan. 4
53
53% 52% 53 Pipe Line Certificates § ........ 119,000 52% Mar. 24! 64% Jan. 12
'195% 197
195 197 Pullman Palace Car Co..........
424 184 Jan. 4 200% May 11
88% *87% 88% Silver Bullion Certificates.... 27,000 85% Mar 28! 95% Jan.
88
4
37
37
37 Tennessee Coal A Iro n ..........
*36
850 31% June 13 50% Mar. 10
‘ 102 110
Do
pref.
50 92 teb. 23 108 Apr. 21
037,
93%
6.1 f>S 82 .Tan, l oi 9 '» , .Fuite 14
U'8 Western ,‘Tnion Telegraph__
^voAanges. x Ex dividend.
35%
*4
96%
*83%
59%
137%
*30
23%
60%
41
36%
5
96%
90%
59%
138%
31
23%
60%
41
36
*4
96%
*89
59
133
*30
23
*60%
*40%
150
100
*61
98%
82%
127%
117%
THE
1040
C H R O N IC L E
[V ol. LTV
N E ? f Y O R K ST O C K E X C H A N G E P R IC E S ( C o a t U u e i ) — IN A C T IVE STOCKS.
JSange (tales) in 1891.
June 24.
IXACTIV» STOCKS
Bid.
HIndicate« unlisted.
Lowest.
Ask.
I n a c t iv e
165
June 24. Stange (sales) in 18S2.
Ask.
L ow est. ,
Highest.
stocks.
Bid.
T Indicates unlisted.
H igh est.
R s ilr o « « sto ck * .
158 165 160 Feb.
Albany A Susquehanna---- ...1 0 0
85
95
Atlanta & Charlotte Air L I ---- 100
BelleTille A South. 111. p r e f....l0 0 141 150 125 Jan.
Boston AN. Y. Air Line p r e f....l0 0 1 * 1 101V 100 May
31 Jan.
33
Brooklyn ElevatedT.................. 100 31
35V Mar.
Buffalo Rochester A Pitts.......100 î 43V
78% Feb.
Preferred..............
100 t 88%
36
Jan.
45
Burl. Cedar Rapids A Nor.......100
778 Jan.
■Cedar Falls A Minnesota.......... 100
150
Jan.
156
Cleveland & Pittsburg............. 50
25V May
Columbia & Greenville p f.......100
5%
Mar.
5
6V
Des Moines A Fort Dodge.......100i
20
19 V Jan.
P referred..... ....................... 100 10
6 Mar.
Duluth S. Shore A Atlan.1T- -. -.100 I l k 12 V
Preferred U........... - *............100 32V 383. 14 Feb.
21 June
flin t A Per® Marquette............ 100
80 Mar.
Preferred................................. 100
7 Jan.
4
5V
Georgia PaoiflcH....................... 100
8 V Apr.
8%
Green Bay Win. A St. P.tr.rect.100
8V
3 June
2V 4
Houston A Texas Central........ 100
90 Mar.
93
Illinois Central leased lines— 100 85
1038 Apr.
Kanawha A Michigan............... 100 11V
4 May
Keokuk A Des Moines..............100
9 Mar.
Preferred..................................100
20
V Feb.
21
Louisv. Evans. A St. Lo., cons.100
57 May
57
Preferred................................. 100
14V
Jan.
Louisv. St. Louis A Texas........100 20V 21V
100
77V Feb.
Mahoning Coal........ ................. 50
100
Feb.
Preferred................................. 50 109 110
Memphis A Charleston............. 25
3 V Mar.
Mexican National......................100
143 V Jan.
Morris A Essex.......................... 50
107% Apr.
100
15 May
17
100 16
11
8 June
100
9
100 152V
152V Feb.
164 Jan.
100 170
7 May
100 $ 7
38 June
100 $: 40
Do
pref.
( i Indicates actual sales.)
Bt. Joseph A Grand Isla n d ..... 100
33
St. Louis Alton A T. H ..............100
Do
pref.............100 150
St. L. A San Fran. 1st pref....... 100
South Carolina............
100
Toledo Peoria A Western......... 100 25 V
Toledo St. Louis A K. City IT. . . .
1 20V
Virginia Midland....................... 100
M is c e lla n e o u s S t o c k s .
Adams Express...........................100 U47%
48
American Bank Note Cofl...............
American Express.................... 100 118
Am. Telegraph A Cable______ 100 85
American Tobacco Co., p re f...100 $10 #
Brunswick Company.................100
Chic. June. Ry. A Stock Yards.100 $ 95
Preferred..................................100
Citizens’ Gas of Brooklyn......... 100 $i'l4'
Columbus A Hocking Coal........100
Commercial Cable......................100 154V
Consol. Coal of Maryland......... 100 27
Edison Gen. Electric................. 100
Laclede Gas................................ 100 19
60
Do
pref.........................100
Lehigh AWilkes. CoalTT................-- 20
Maryland Coal...........................100 22
Minnesota Iron...........................100 73V
National Lead Certs. IT.............. 100
National Linseed Oil Co............ 100 $ 33V
National Starch Mfg. Co...........100 35
New Central Coal........................100 10
Ontario Silver Mining............ ..100 39V
Pennsylvania Coal.................... 50, 280
P. LorillardCo. pref................. 100 115
Postal Telegraph—CahlelT.............. 63
Quicksilver Mining.................... 100 $ 3%
Preferred..................................100 $ 21
Texas Pacific Land Trust......... 160
U. S. Express..............................100 50
Walls, Farg* Express................ 100 $146
Feb.
130 Jan.
102 Jan.
32 Jan.
44 % May
88% June
50V Mar.
7 7s Jan.
156 June
25V May
8V Jan.
20 Jan.
12 V June
35V June
28V Apr.
87 Mar.
7 Jan.
12V Jan.
4% Mar.
96 Jan.
14. Jan.
4V May
14 Mar.
26 May
60 May
24 Mar.
100 Apr.
112V Apr.
5 Jan.
350 May
I l IV May
26 Jan.
15% Jan.
155 Apr.
175 Apr.
17V Feb.
79 Feb.
9 Jan.
9 V Jan.
32V Feb. 40 Apr.
128 Mar. 151 June
76 V Jan. 79 Mar.
1 Mar.
4V Jan.
28
17% Jan. 26 May
2«3g
8 V Jan. 26 Feb.
35
35% May 38V Feb.
148 343V Apr. 150 Jan.
50
43 Feb. 45 V Mar.
120 116 Feb. 121 June
86
80 Jan.
86V May
96 Jan. 100 June
8 May
14V Feb.
97
72 Apr. 100% June
93 V June
80 V Jan.
94V Jan. 114 June
12 May 18V Jan.
155V 148 Jan. 157 Apr.
30
26 Feb. 29 June
88 V Jan. 111V May
20
17V Apr. 2478 Jan.
61V 57 V Mar. 64 Jan.
25
19% June 25 Feb.
24
27 Mar.
23% Feb.
78 V 74V May 82 Jan.
1878 Jan. 21% May
27 Jan. 35 V June
36
32 V May 46V Feb.
12
10 May 11% Feb.
40 V 37V Apr. 45 V Jan.
275 Feb. 275 Feb.
114 Feb. 118 Jan.
64
37 Jan.
63 78 June
4%
4% June
3 V Mar.
22
16 Mar. 22V Jan.
13 June 15V Mar.
54
44 Apr.j 56 Jane
146V 140 Jan. 147 May
40
160
No price Friday; latest price this week
N EW
YORK
SECURITIES.
STOCK
(00* omitted.)
B eak o f N ew Y o r k ...
sustnhattan Co............
M erchants’ ..................
Mechanics’............. .
Am erica........................
P h é n ix ..... . . . . . . . . . . .
C ity ..............................
Tradesm en’s ..............
Chem ical......................
M erchants’ Exchange
Gallatin N a tion a l.....
B utchers’ A D rovers’ .
M echanics’ A Traders
G reenw ich....................
fieatnei M anufact’rs.
Seventh N ational___
State o f N ew Y ork....
A m erican E xchange.
C om m erce..................
B ro a d w a y ..................
P a c i f i c .......................
R ep u b lic.......................
C h a th am .....................
Peoples’ .......................
N orth A m erica...........
H a n over.......................
Irv in g ..........................
Citizens’ . ....................
Nassau ........................
M arket A F u lton .......
Bt. N icholas............... .
Shoe A Leather..........
Corn E xch an ge...........
C ontin ental............... .
Oriental........ .............
Im porters’ A Traders
PaPk..............................
Blast R iv e r .... . . . . . .
F ourth N a tio n a l.....
Central N ational....,
Second N ational....... .
Ninth N ational...........
Hirst N ational.............
Third N ational..........
w. Y . N at’l E xchange
B ow ery . t ....................
N e w Y ork C o u n ty ....
G erm an-A m erican.. ..
Chase N ational..........
F ifth A v e n u e ...........
German E x ch a n g e...
G e r m a n ia ............ .....
U nited States.............
L incoln........................
Garfield................ .......
F ifth N ational..........
Bank of the M etrop...
W e st Side.....................
Seaboard.....................
S ixth N ational..........
W estern N a tion a l....
First, Nation al.B ’klyn
Southern N ational....
rtm ' __
Bid.
Loans.
9
9
2,000,0 2.009.2
2.050.0 1.647.4
2,000,0 1.001.2
2,000,0 2,011,0
2.101.7
3.000.
0
1.000.
0
473.6
1,000,0 2.553.4
208,2
750.0
300.0 6.848.3
600.0
159.1
1,000,0 1.656.8
309.6
300.0
421.2
400.0
157.0
200.0
569.2
600,0
80,6
300.0
506.4
1.200.0
6,000,0 2.187.4
5,000,0 3.584.8
1,000,0 1.587.6
1,000,0 1.087.7
438.5
422,7
869.2
1.500.0
842.1
450.0
318.7
200.0
010.7
700.0
1,000,0 1,800,6
339.4
500,C
457.7
600.0
264.1
500.0
804.4
750.0
119.8
500.0
258.2
500.0
1,000,0 1.229.4
277.8
1,000,0
414.0
300.0
1.500.0 5.559.2
2,000,11 2,981,6
141.2
250.0
3.200.0 1.893.2
551.2
2,000,0
448.1
300.0
203.0
750.0
500.0 7.051.5
64,8
1,000,0
169.0
300.0
501.0
250.0
568.4
200.0
283.5
750.0
600.0 1.055.8
890.1
100,0
669.2
2UU,1
200,(
615,7
550.0
500.0
411.9
300.0
420.2
200.0
328.5
150,C
685.6
300.0
257.4
200.0
204.4
500.0
355.0
200.0
2.100.0
208.»
800.0
300,0
1,000,01 143,0
*
16.480.0
11.940.0
8, ) 60,7
9.644.0
18,024,8
5.764.0
15,737,3
2.894.4
24.455.0
4.238.0
6.690.8
1.753.3
2.660.0
1.175.6
3.381.7
1.685.5
3.407.9
18.783.0
24,864,*
6.090.3
8.894.2
2.953.8
13.070.1
e,7ó7,0,
2.293.9
5.548.7
18.019.7
3.189.0
2.720.8
2.838.7
4.408.2
2.169.4
2 882,0
9.372.9
5.508.6
2.100.0
25,823,0
28.315.2
1.139.5
24 964,1
8.536.0
4^973,0
3.333.5
27 222,9
5.325.1
1.600.3
2.715.0
3.175.3
2.897.7
16.212.7
6Ì717.8
2.903.8
3.031.5
7.406.7
6.311.9
3.700.5
1.852.8
6.071.3
2 277,0
4 707,0
1.613.0
11.816.7
4.345.0
2.129.4
24.
SECURITIES.
Bid.
A s i.
S.C. (©ont.)—Browneonsol.6s.1893 97
9»
62
Tonnesaee—6s, ¿Id........ 1892-1S98
Comí romisa, 3-4-5-Ss.........1913 73
New settloment, 6s..............1913 107 113
5 s .............................................1913 IOS 105
3 s ............................................ 1913 74V 75 V
Yirginia—tía, «Id...............................
6s, Consolidated bonds................
6s, eonsolidated, 2d series, reets
#«. 4 «fsi-red. t’ stree’to. st*m*«&
Capital dc
Surplus.
Loans.
Specie.
Legáis. Deposits,t Circ’l'n Olsarintt.
Specie.
Legáis. Deposits
i
2.640.0
3.140.0
1,761, S
1,511,(
3.432.4
910.0
4,113,9
547.7
6.668,2
9
»
2,200,0 16.450.0 June 4 ... 128,279,5 492,701,7 1040358 55,159,2 542,061,0 5,723,6 699,508 9
1.349.0 13,675,*
“ 11.... 128,279,5 493,669,7 1029459 56,120.7 512,083,0 5,601,5 644.836,6
358.7 8.293.6
“ 18.... 128,279,5 496,564,0 1Ö10543 57,645,3 543,663,1 5,623,0 661,839,1
635.0 8.267.0 Boston.*
3.499.3 20,896,6 June 4 . . . . 64,642.9 171,531,5 11,595,2 5,439.7 158,209,7 4,427,2 88,097,8
661.0
5.928.0
“ 11.... 64,642,9 172.844.7 12,251,8 5.128,8 105,171,2 4,579,2 99,211.0
1.356.0 18.044.2
“ 18.... 64,642,9 171,805,0 11,463,0 5,908,0 153,345,0 4,607,0 87,488,3
282,1 3,234 4 Pblla.*
2.509.1 26.770.3 June 4 __ 35,793,7 101,310,0
118,144,0 3,483,0 71,167,3
42,695,0
729.0 4.960.9
118,532,0 3,491,0 68,186,9
42,459,0
“ 11.... 35,793,7 102,220,0
481,9 6.173.9
117,859,0 3,492,0 80,118,9
41,145,0
35,793,7 102,268,0
•
*
18....
218.4 1.952.0
* W e omit two ciphers in all these flgv/res. t Including, fo r B oston and P h il
310.0 2.740.0
103.0 1.124.1 JelDhia. t h e ite m “ d u e to o t h e r banks.” ______ _______ ________________________
370.7 3.125.4
65,0 1.883.4 ^Miscellaneous and U «listed Bonds.—Stock"Ex. priori.
519.1 2.795.7
2.912.0 18.080.0
M is c e lla n e o u s B o n d s.
M iscellaneous Bonds
4.429.7 22.133.2
P eop le’ s Gas & C. ) 1st g. 6s.
280.5 5.331.3 Amer. Water Works—1st, 6s.
Co., Chicago . . . >2d g. 6s, 101 b .
1st cons. 5s, g — .................
1.794.8 10.139.4
Pleas. V a lle y Coal— 1st g . 6s.
98V b.
549.6 3.949.5 Cahaba Coal M m .—1st g. 7s.. Í08 b. P
rocter
A G am ble—1st,g.,6s. 106 b .
Oh.
J
U
X
i.
<
K
8.
Yus.—C
A
.t.g.,08
2,396;i 16.305.4
Security Cor. 1st eon., g.,.6s. .. 96 VI».
705.8 7.426.3 C oloiado Fuel—Gen. 6 s . ... ..
estern U nion T eleg’ u -7 s . 115 b .
525.6 3.430.7 Col. & H o ck . Coal & I.—6s, g. * ÖÖ ’ b. W
' 8 4 V a.
666.3 5.655.0 Consol’n C oal—C onvert. 6 s.. 105 Vb. W heel. L.E.<feP.Coal-lst,g.5a
lis t e d B o n d s .
1.055.0 20,461,1 Cons.(Ias Co..Chic.—lstg u .5 s 89 Vb. Ala. &UVnick
s.—Consol.
5s,
g
..
90 b .
Denv.C.
W
at.W
ks.—Gen.g.5a
377.9 3.325.0
V ick s. & Merid., 1st 6s....... 100 b.
408.6 3.630.3 Edison E lec. 111. Co.—1st 5s. 102 a. Atlanta
& Chari.—1st 7s........ 120 b;
quitable G. & F.—1st 6 s .... 103 b.
617.7 3.225.9 E
18 b.
stock T unnel—In c. 4 s ...
602.7 4.703.0 H enderson B ridge—1st g. 6s. 107 b. Com
Pacific—1st 6 s .......... 100 b.
320.3 2.255.8 H oooken Land A Im p.—g.5s. *109'" b . Georgia
53 a.
Consol. 6 g ...................... ........
Mutual Union T eleg.—6s g ..
626,0 3.617.0 N
13 a.
In com e 5s------ . . . . . . . . . . . . . .
Starch M fg.—1st,6s. 102 b.
290.0 9,269,7 N ational
T elegraph—7s 105 b. L ittle R . & M.— 1st 5 g ........
225.0 6.407.6 p eorthwestern
Mem. A Charleston—Con.7 g . ÏÏ3Vb.
100
b.
o
ria
W
ater
Co.—6
,
g
612.3 2.250.1
1.991.0 27.562.0 N oth .—“ b” indicates orice bid; “ a” price asked. * Latest price this week.
2.915.5 33.847.3
B ank Stock List— Latest prices of bank stocks this week,
120.9 1.086.9
2.728.3 26.514.0
iSAiN JXC*.
-Olii« j
_OiU. ASA.
BANKS.
B
ANKS.
B id. A sk.
1
0
.0
i
0
,0
924.0
197.0 6.894.0
N ew Y o r k ... 235
310
212 220
525.2 4.409.2
N .Y . County. 620
G a r fie ld ...... 400
2.254.2 28,788,9 Am. E x o h ... 156 160
N .Y .N a L E x . 135 140
German A m . 122
1.315.8 6.529.5 B o w e ry ........ 310 320
N in th ............ 115 120
German E x . 330 400
273.4 1.672.0 Bread w a y . . . 270 273
li)th W a r d .. 170
G e rm a n ia .... 330
170.0 3.071.0 B utchs’A Dr. 175 130
G reenw ich ... 150 . . . . . . N. A m erica.. 165
395.0 4.195.2 C entral......... 135 140
O
rie n ta l....... 230
350
H
a
n
o
v
e
r.......
340
Chase............
450
2.786.6
197.8
P a c ifio .......... 190
145
1.533.2 18.443.5 C hath am ___ 420
P a r k .............. 314 32»
4400 4800 Im . A T rad’ s’ 600 620
256.0 6.209.0
325
P eople’s.........
Ir v in g ............ 180 200
674.3 3.551.7 C ity................ 450 500
P h en ix.......... Ï 2 0 " 135
L ea th er M is ’ 240 260
441.8 3.726.4 Citizens’ ....... 155
P rod u ce E x . 131 134
410
601.8 9.091.2 Colum bia___ 250
180
261,2 6.232.8 C om m erce... 188 190 M anhattan... 187 19Ó R e p u b lic ___ 173 ISO
Seaboard ___ 176
M arketA F ul 220
813,8 5.251.4 C ontin ental. 134V
325
M echanics*.. 185 195
160,7 2.075.3 Corn E x o h ... 258%
Seventh........ 129
180 200
114 120
614.5 6.650.5
S hoeA L eath. 155
M e rca n tile ... 220 235
343.0 2.792.0 Bast R iv e r ..
St.
N ich ola s. 132
155
148
M
erchants’
.
.
11th
W
ard
...
200
5.665.0
473.0
M erch ’ts E x . 124 ...... State o f N .Y . 115 V 116V
251.0 1.511.0 Filth A v e ___ 20o0
12
T h ir d ............ 107
9
M etropolitan
1.670.6 12,832,1 F ifth .............. 320 325
M e tro p o lis... 400
2500
352.0 4.712.0
Uni id States 260
M t. M orris .. 275 300
348.0 1.914.8 First N ., S. I . 10»
tir .
M urray H ill. 300 ...... W e ste rn ....... 119
14th S tre e t.. 170
481,;-
1.071,
3 6 9 .6
305.0
181.1
595.4
384,(
297.0
3,425,*
2.146.5
1.070,(i
1.395.3
781, t
Lb83,J
1 . 3 6 1 .5
334.2
769,t
4 . 9 1 8 .2
556.2
877,
1 3 3 .6
722.1
160.8
474.0
2.123.1
1.407.1
138.0
5,771,<
7.078.4
263.6
3.779.3
1.951.0
1.324.0
788.5
6.505.5
1,058,8
134.2
658.0
1.035.0
555,9
3 . 6 0 1 .1
1.240.6
183.6
538.3
1,930,1
1.378.0
1.169.7
454.6
1.624.3
646.0
1.038.0
237.0
1.730.3
1.083.0
380.0
60.372,7 67,906,81496.564,011010543 67.646,3 543~663,1
JUNE
New York City, Boston and P hiladelph ia B a n k s:
B an ks .
Capital. Surplus.
BONDS
Ask.
New York—6s, loan.................1893 103
North Carolina—6s, old............JAJ 30
Funding act...........................1900 10
20
Now bonds, J. A J ___1892-1898
2
7
Chatham RR..................................
2
7
Special tax, Class 1.......................
Consolidated 4 s.................... 1910 99V 101
gs
■ •.......................1 9 1 9 124 126
Rhode Isia n d ^ V , sou.Vi893-1894 102
2
South Carolina^-6 *.non-fHnd.1888
IV
New York City B ank Statem ent for the week ending Jun
18,1808, is as follows. W e omit two eiphers(00) in all cases.
Banns.
P R IC E S.— STATE
SECURITIES.
Bid. Ask.
Alabama—Class A, 4 to 5 .......1906 102V 104
Class B, 5s............................. 1906 106 108
93
97
95
Currency funding 4s............1920
12
5
Arkansas—6s,fund.Hol.1899-1900
do. Non-Holford 160 190
10
3
7s, Arkansas Central R R ............
Louisiana—7s, cons................ 1914 105
93V 95
M isso u ri—F u n d ...............1 8 9 4 -1 8 9 5 106
E XC H A N G E
9
9
9
9
9
9
$
N. York.*
May 2 1 .... 127,077,1 490,946,7 1011717 52,008.2 534,495,7 5,751,3 721,310.0
“ 28.... 128,279,5 488,813,8 1037424 54.895.5 536,100,3 5,794,1 660,289,2
F e u rth .......... 200
N a s s a u ....... 160
- ----
W est B id e ... 275
THE
J oke 25, 1892.]
1041
C H R O N IC L E .
BOSTON, PHILADELPHIA AND BALTIMORE STOCK flXCHANftES.
Share Prices — n o t Per f e n tn m P rices.
A ctive S tock s,
? Indicate* enlisted
Saturday,
June 18.
Monday,
June 20.
Tuesday,
June 21.
Wednesday,
June 22.
3538 36
4%
A.tch. T. & 8. Fe (Boston).100 34% 34% 34^8 34*8 34% 35%
41« 4%
*4 . . . .
Atlantic & Pac.
“
100
*97
97
97
97
Baltimore & Ohio (Balt.). 100 97
1st preferred
“
100
121
129
*120
...
........
123
2d preferred
“
100
204% 204%
Boston &Alb any (Boston) . 100 . . . . . . 205% 2051* 205i* 179 205%
180 180
179
1781*........
Boston & Lowell
“
100
184 185
183
184%
Boston & Maine
“
100 182 182ia 182% 183
18
18%
17%
18%
17
17
”
161*
171*
Central of Mass.
fi
100
41% 43%
41%
42
40% 41%
Preferred
**
100 *40i4 41
102%
108%
102
1033s
101%
102
101%
1*218
Ohic.Bur.& Quin.
“
100
83% 84%
83
833s 8278 84
Ohio. Mil. & St. P. (Phil.). 100 82% 83
Chic. & W. Mich. (Boston) .100
5%
6
*5%
*5%
6
6
Oleve. & Canton
“
100
'19%
*19%
*19% 20
20
Preferred___
“
100
91
91% 91
Fitchburg pref.
“
100 *9li4 911* 91% 91% 91
24
FL <fePare Marq.
“
100 *19
82
81% 81%
81% 81% 82
82
Preferred
“
100 *80
35%
35% 35%
36
Hunt. & Br. Top. (Phila ) . 50 3538 3538 *35
54% 5478 5478 547s 54% 55% 55%
Preferred
“
50
60%
60%
6078
60%
60%
61
Lehigh Valley
“
50 " 6078 61
133
132
Maine Central (Boston). 100
17
16%
16%
16%
Mexican Central
“
100 ........ 16% 16%
37% 36% 36% 36% 37%
N. Y. & N. Eng.
“
100| 36% 373s 36
86%
85
86
%
86
86
85
84
Preferred___
“
100 82
* 68 % 69
Northern Central (Balt.). 50
20%
207t
2
0
%
20
20% 20 %
20
Northern Pacific (Phila.). 100 20
54% 56% 557e 57%
Preferred
“
iuO 5438 54% 54% 55
184 184
184 184
Old Colony.. . . (Boston). 100 185 185 *184% 185
55% 55% 55% 55%
553e
55%
551*
55%
Pennsylvania.. (Phila.). 50
35% 35% *35 ..
36
Philadel. & Erie.
“
50 *........ 361* 36
29% 301x6 2913ie 30%
Phila. & Beading
“
50 297e 291B16 29Uie 30
*6 ..
*5% ..
6
6
Summit Branch (Boston). 50
Union Pacific
“
100 "3*9%'3958 39% 39% 38% 39% 39% 39%
United Cos. of N. J. (Phila.) 100 231% 231% 231 ...
8
8
7% 7 7a *7% 8
7%
7%
WestornN.Y.&P&fPhila.) .100
S X ls ce lla n e o n s S t o c k s .
Am. Sug'rRefln. if (Boston)___
Preferred.........
“
Bell Telephone..
*'
100
Bost. & Montana
“
25
Butte ¿B o s to n ..
“
25
Calumet & Hecla
“
25
Canton Co.......... (B alt.).100
Consolidated Gas
“
100
Brie Telephone (Boston) .100
Damson Store Ser. “
50
Iiehl’h Coal&Nav 'Phil./ 50
N.Eng. Telephone (BosKn) 100
North American. (Phil.) .100
Thomson-H’n El. .(BosVn) 25
Preferred.......... “
25
W estEndLand..
“
___
* Bid and ashed prices;
Inactive S tocks.
*96
96%
205 207
42% 42%
12% 12%
*270 .........
*44
45
20
20
53% 537e
*55% 56
13% 13%
*65% 65%
*29 ........
19
19
no sale was
Bid.
96% 96%
96% 96%
206 207
42% 42%
*12
12%
272 272
*71% 72
*54% 55
43% 44
*20 . . . .
535a 53%
56
56
*13% 13%
64% 65%
*29% 30
19
19
made.
Ask.
Bange of sales in 1892.
Lowest.
Highest.
36% 60,804 32% May 21 46% Jan. A
35% 36% 36
5% Jan. 5
100 4 Mar. 9
4%
4%
4%
*4%
8 84 Jan. 6|l00\ Mar. 15
97
96% 97*« *96
12!
135
Feb. 15
130 Jan.
135
123 June 16
116 Jan.
120 121% 120 . . . .
Mar. 9
209
106 199 Jan. 8
204 204% 204% 205
101173 Jan. 5 180 June 22
180 180
2,304 159 Jan. 28 185 June 22
183 184
184 185
1,673 15% Apr. 12 18% Jure 21
18%
18% 18
18
5,846 33 Jan. 2 43% June 22
43% 43% *42% 43
96% June 10 110% Jan. 28
32,179
100%
101%
101%102%
83% 23,200 75% Apr. 2 84% June 22
83% 83% 83
48 Feb. 25 55 Mar. 31
8 Feb. 12
5% Feb. 17
*5%
6
*5%
19 Feb. 20 23 Jan. 4
"19% 20
19%
358 81% Jan. 19 92 May 13
90% 90% 90% 90%
24 May 3 28% Mar. 25
87 75% Feb. 13 87 Apr. 6
125 25% Jan. 27 37% Apr. 19
35%
....... 36
171 46% Jan. 21 55% June 22
54% 5478 55% 55%
62% Feb. 11
60% 60% 6078 6078 2,951 50% .Tan. 13 137%
May 17
59 112 Mar. 14
133
133% 133%
160 16 May 6 24% Jan. 4
16%
16% 16% *16
58%
Mar. 3
June
13
34
13,860
37% 3878
3678 37
2,318 75 May 4 114% Jan. 9
93
88
87
83
69%
Mar. 16
Jan.
19
68
10
70
*69
69
69
3,272 18% May 21 26% Jan. 5
20% 2078 20% 20%
72%
Jan. 2
51%
May
24
56%:
31,684
56%
56% 57
86 164% Jan. 5 187 May 11
184 184
184 184
57%
Jan.
2
54%
May
5
3,068
55% 55% 55% 55%
600 32 Jan. 29 40% Mar. 3
35% 35% *35
34%
Feb.
11
193ie
Jan.
19
29%291ö16 2978 30% 42,388
7 Feb. 15
5 Mar. 29
100
*6 ...
8,076 38% June 7 50% Jan. 4
39% 3978 39% 39%
34 x223%Mar 24 232 June 17
230% 230%
'229 ...
1,000 7% June 6 10% Feb. 18
*7%
8%
*7% 8%
97
93%
96% 9
96% 96% 96% 96%
206 207
206 206
3978 41
42
42
12% 12% 1178 12
270
272
'270 275
*71 ___
*54
55
43% 43% *43% 44%
20% 20%
20
20 %
53% 5378
53% 53
........ 56
56
13% 13% 13% 13%
64% 64%
*64% 65
30
30%
30
30
*1878 19
19
19
Inactive stocks.
Friday,
June 24.
Thursday,
June 23.
Sales
of the
Weeh,
Shares.
97% 98
96% 97
206 206%
39% 40%
*11% 11
'270 272
' ........ 73
’
55
"4 3 % 43%
*20% 21
53% 53%
*........ 56
‘ 13% 13%
*64% 64%
30% 30%
19
19
Bid.
97%
96%
206
39%
98
96%
206
40
12
* 11 %
'270 272
73
*71
*54% 55
43% 43%
20
20
53% 53%
•r
56
*13% 13%
64% 64%
*29% 29%
*18% 19
Ask.
78% Jan. 18 101% Mar. 24
90% Jan. 18 100 Mar. 25
210 Jan. 15
192 Mar.
45% May 28
31 Feb.
17% Jan. 5
10% Apr.
281 Mar. 21
253 Feb.
72 June 13
60% Jan.
57% May 17
43 Jan.
47 Jan. 7
44 43% Jan.
21 May 12
140 14% Feb.
55% Feb. 15
541 48% Jan.
56 June 15
25 50% Feb.
18% Jan. 2
12
May
460
67% May 13
1,316 4978 Jan.
30% June 22
34" 26% Jan.
20% May 10
1,520 16% Jan.
6,626
1,084
3L6
5,071
550
45
B o nd s.
Bid. Ask.
114%
10
15
Prices of June 24.
Collat. Tr. 4% g ......... 1913, J&D 110
100
2%
3
124%
50 28% 29% Pa. & N. Y. Canal, 7 s .. .1906, J&D 112% 116
?. El. tr. ree.If
“
Atlanta & Charlotte (Balt.). 100 90
Consol. 5s....................1939, A&O
B ond s— Bo?toiR
Boston & Providence (Boston). 100
106 .........
Perkiomen,
1st
ser.,
5
s.1918,
Q—J
___ _____
00-yr.4g.,1989,
J&J § 83% 83%
3.F.1C
I
Camden & Atantic pf. (Phila.). 50 27
59% Pnila.& Erie gen. M. 5g.,1920, A&O 1I4%|.........
ÏOÔ-year income 5 g., 1989.Sept. l 59
8%
100%
102
4‘
50
Catawissa..................
Gen. mort., 4 g . . . . . . -1920, A&O
Burl. & Mo. River Exempt 6s, J&J 5 ........ 117%
1st preferred........
“
50 59
90 %j 90%
Phila & Read, new 4 g., 1958, J&J
Non-exempt 6s............ 1918, J&J 1........ 108
59
2d p re fe rre d .......
“
50
77% 78%
Plain 4s.........................1910, J&J
ventral Ohio................ (Ball.). 50 55
69% 70
Chic. Burl. & Nor. 1st 5,1926, A&O U*03%
Chari. Col. & Augusta
“
100
62% 62%
3d pref. income, 5 g, 1958.
2d mort. 6s.................1918, J&D $103
Connecticut & Pass. (Boston). 100
104%1
2d
7s
..............
1893,
A&O
Debenture 6s..............1896, J&D §102%
Connecticut R iver...
“
100
......¡1
*1%
Consoi. mort. 7s....... 1911, J&D
Chic. Burl.& Quincy 4 s..1922, F&A § 93
Delaware A Bound Br.(P/uJ<*.).100 165
Consol, mort. 6 g ........ T91T» -J“ D 117 120
Iowa Division 4s.......1919, A&O § 94
Har. Ports .Mt. Joy AL.
“
50 79
1
0
6
%
]......
ImprovementM. 6 g., 1897, A&O
Chic.&W.Mieh. gen. 5s, 1921, J&D 5 98% 98%
45
Kan. C y Ft. 8. A Mam. (Boston). 100
Con.M.,5 g.,stamped,1922,M&N 103% 104
Consol, of Vermont, 5s. 1913, J&J § 96%
115
P referred ...........
“
100
Phil.
Wilm. & Balt., 48.1917, A&O
Current
River,
1st,
5s..1927,
A&O
K. City Mem. & Eirm.
“
100 15
Pitts.
C. & St. L., 7 s ..-.1900, F&A 117%
Det. Lans.&Nor’nM. 7s. 1907, J&J §Ï64 108
Little Schuylkill....... (Phila.). 50 69% 70
65
Pe’keepsie Bridge, 6 g. 1936, F&A 64
124
$123
E
astern
1st
mort.
6
g.,
1906,
M&6
Manehester & Law .. (Boston). 100
Schuyl.R.E.8ide,lst5
g.l93o, J&D 108 109
Eree.Elk. &M.V.,lst, 6S.1933, A&O ?123
Maryland Central___
(Balt.) 50
107
8teuben.&Ind.,lstm.,5s.l914, J&J
Unstampedlst, 6s---- 1933, A&O
Mine Hill & S. Haven (Phila.). 50 71% 72
United N. J., 6 g ............1894, A&O 103
1
91
Neequehomng V a l....
“
50 53%
W a rre n & F ra n k .,1st,7 s ,1 8 9 6 ,F&A 107%
__..
.
*
$Ì05%
Northern N. H ........... (Boston). 100
B on d s.—B a ltim ore.
...
70
§ 63
"87%
120
North Pennsylvania. (Phila.). 50
124% Atlanta & Chari., 1st 7i ?T907, J &J 118
23
Oregon Short L in e ...(Boston). 100 22
98 '
Income 6 s.....-..----1 9 0 0 , A&O- 94
i 92
97
Parkersburg...............
(Balt.) 50
101%T01%
Baltimore & Ohio 4g., 193o, A&O
$110
Pennsylvania & N.W . (Phila.) 50
Pitts.
&
Conn.,
5
g..;1925,
t
&A
$ 94
2m., 5—
105
Raleigh & Gaston___
(Balt.) 106
Staten Island, 2d, 5 g.1926, J&.
........
___I I _
tar. H. & ___ ,
4
Rutland...................... (Boston) . 100
Bal.&Obio S.W.,1st,4%g.1990, J &■ 107
105
Exten.
6
s
..................
1923,
J&D
72%
72
Preferred................
100
95
98
Mexican Central, 4 g . . .1911, J &J 69% 70% CagpeF.&Yad.,Ser.A.,6g.l9L6, J&1> 95
96%
Seaboard,* Roanoke. (Balt.) 100
Series B., 6 g ........ t ’
t? iR
34%
1st consol.incomes, 3 g, non-cum.
96
95
1st p r e fe rre d ........ “
100
Series
C.,
6
g
................1916,
J&D
16%
2d consol, incomes, 3s, non-cum,
73% 74
West End....................,(Boston). 50
Cent. Ohio, 4% g — ----1939> Ma s
N. Y. & N-Eng„ 1st, 7s, 1905, J&J 119 121
105 ~
l
o
o
"
Preferred................
“
50 88% 89
Chari.
Col.
&
Aug.
1st
7s.l8
9o,
J&J
113
1st mort. 6s........ ....... 1905, J&J
West Jersey.................(Phila.). 50 60
Ga. Car. & Nor. 1st 5 g ..l9 2 9 , J&J 104% 105
2d mort. 6s................1902, F&A 104 105
West Jersey & Atlan. “
50 20
North. Cent. 6 s ..........1 9 0 0 , J&..
2d m ort.,scaled, 5 s...1902, F&A
118%' ___
Western Maryland..
(Balt.). 50
0
8
.
-- -1904:, J
Ogden. & L. C.,Con.6s.l920,A&O§
10 0 Ï10
Wjtttn. Col. & Augusta
Series A, 5s.......... ----\926. .I&.; 111%
Inc. 6 s ......................... - ........ 1920
100 110
Wilmingt’n & Weldon
........................... 1925, A&O . . . . . 107%
Wisconsin Central... (Boston). 100 17% 18% Rutland, 1 st,6 s ..........1902, M&N ;1H%
Oxf.&Clark.',int.gu.,6 g:1937,iM.‘v>
2d, 5s.......................... 1898,F&A >101
100
Preferred................
Piedm.& Cum. ,1st, 5 g . 1 9 1 1 »t-vA
100
Worc’st.Nash. &Rooh. •
B on d s.—Philadel '»hia
Pitts. & Connells. 1st 7s. 1898, J &J li.6% . . . . . .
Allegheny
Val.,7 3T0s, 1896, J&J 112% 113
igneny V
MISCELLANEOUS.
Virginia Mid., 1st 6s. ..1906,
104
103%
Atlantic
City
1st
5s,
g.,
1919,
M&N
Allouez Mining........ (Boston). 25 75c 90c.
2d Series, 6s..........- - - T 911 M&s 112 Ï 1 3 ”
10 % Belvidere Del., 1st, 6s. .1902, J&D 110
25 10
Atlantic Mining........
“
3d Series, 6 s . .. ......... i g l f , M&8 TOO 108
117%
Catawissa, M., 7s.........1900, F&A
80
City Passenger R R .. . (Balt.). 25 75
4th Series, 3-4-5s.......1921, A f ?
Char.
Cin.&
Chic.lst5g,1947,
Q—J
29%
50
" 9 7 " 98 1
Bay State Gas.............(Boston).
5th Series, 5s............. 19Tb,
Clearfield & Jeff., 1st, 68.1927, J&J' 118
5
TO
Boston Land.......... ..
“
West Va. C. & P. 1st, 6 g-19Tl, J &J 110% 111
118
Connecting,
6s........
1900-04,
M&S
10
10
%
10
Centennial M ining...
“
West’A X.C. Consol. 6 g.1914. J&25 12% 12 % Del. & B’d Br’k, 1st, 7s.1905,F&A 129%
Fort Wayne Electric If
“
Wilm. Col. & Aug., 6s.. 1910, J&D 116 117
Easton & Am. lstM.,5s.l920,M&Ni 110 111
25 12% 13
Franklin Mining.___
“
MS6CELLANEOUS.
121
5% Elmir. AWilm., 1st, 6s.191®, J&J5
5
Frenehm’n’sBayL’nd
“
Baltimore—City H all6s.:1900, o —J
Hunt. & ®r’d Top, Con. 5s .’95,A&O 103
25
Huron Mining...........
“
Funding6s.......-------1900.
Q J ........
100
%
Lehigh Nav. 4%s...........1914, Q—J
100
Illinois Steel7 ___. . . .
“
West Maryl’d R R . 6s.. 1902, J&J
2d 6s, g old.......- ..-.1 8 9 7 , J&D 109
12
25 11
......
Ktoarsarge Mining___
“
Water
5
s.........
........1916.
M&N
General mort. 4%e, g.1924, Q—F 102 %
Met. Trae. C o ......... (Phila.)....... t l l 6
Funding 5s..........,;..1 9 1 6 , M&NLehigh Valley, 1st 6 s...1898, J&D 112^ 113'
Morris Canal guar. 4. (Phila.) .100
100 1 0 0 %
Exchange.
3
%
s.i---..1930,
J&J
136 137
3 d 7 *..............
1910, M&S ',ou
Preferred guar. 10“
100 203
7434 7 5 %
Virginia (Btate) 3s,i>ew.T962, J &J
Comsel. 6 ......................1923, J&D 128% 129
34
SO
Oseeota Mining. . . ___(Boston). 25
106% T07
ChesapeakeG
aa,
6
s
..
.
.
.
1900,
J&D
North Penn. 1st, 7s. ...1 8 9 «, M&N 110
1116%
Pullman Palace Car..
“
100 196
116
onsol. Gas, 6 s . ■••1910, J&D
130 I........
Gen. M. 7 8 ..................... ...1 90 3 , J&J
Quincy Mining..........
“
25
gg
....... .......... .,1939» J&J I 103 103%
Pennsylvania gen. 6s, r..l91®, Va* 129 130
•. . . . . .
110
Tamarack Mining— .
“
26 160 163
; Con*el. 6s, e ’ ........... 1905, Var ..........1 2 0 % Sauitable Gas, 6 S ......1 9 1 3. A&
Thomson Bie. Welfl'g.
“
100
1 Last price^tlus week.
11 Unlisted. $ And accrued interest,
1042
THE
C H R O N IC L E .
[ Y ol.
LIT*
NEW YORK STOCK EXCHANGE PRICES (Continned).—A CTIV E BONDS JUNE 2 4, AND FOR YEAR 1S92.
R a il r o a d
and
G lo fn g Range (tales) in 1892.
Price
Period. June2i
M i s c e l . B o n d s , In ter’ st
Lowest.
Highest.
R a il r o a d
and
M is c e l .
b o n d>8.
s.
CIOs’ ng Range (sales) in 1892.
InteriU Price
Perioa » J uneli
Lowest.
Highest.
Amer. Cotton Oil, deb., 8 g.1900 Q—F 113% IO714 Jan. 113% June
J7 J & 1) 117
112 Feb. 118 May
At.Top.&S.F.—100-yr.,4g.l989 J & J 853s
81% Feb. 85% June
¡8 M de 3 64%b. 61% Apr. 6778 Jan.
100-year income, 5 g . . . . . 1989 Sept. 59
53 May 66% Jan.
3 J A r 131 b. 126% Jan. 132 June
Atl. & Pac.—-Guar, 4 g ___1937 ............ 69 %b. 69 June 74 Jan.
Ì8 A A () 105 b. 103% Jan. 106 Feb.
W.D. ine., 6s.................1 9 1 0 J & J 11 b 10% May 14% Jan.
>3 M A i r 1 0 1 % 101% May 105 Mar.
Brookl’n Elevat’ d 1st, 6, g .1924 A & O 117
111 Jan. 118 Mar.
I3J A r 12 9
123% Jan. 129 June
Can. South.—1st guar., 5s 1908 J A
108%b, IO518 Jan. 110 June
>4 M & S* 108 %b. 107% Mar. 110 Feb.
2d,5s................................1913|M & S 103
100 Mar. 1047s Feb.
iOM A i f ............ 120 May 123% Apr.
Gent. Ga.—8 & W. 1st con.5s,’ 29
70
71 Apr. 85 Feb.
52 A A C 113 b. 111% Apr. 115 Feb.
Oentralof N. J.—Cons.,7s.1899 Q—J 117%b, 115 Jan. 119 June
7 A A C 99 b. 95 Jan.
99% June
Consol., 7s..................... 1902 M & N 120
120 Jan. 123% Mar.
'6 J A . 114%b. 112 Jan. 115 June
General mortgage, 5 g ..l9 8 7 J & J 11358b 109 •« Jan. 114 June N. Y. Lack.
1 J A . 130%b. 125 Jan. 130 June
Q—M
113
Leh.&W.B., con.,7s, as’d.1900
IO912 Jan. 114 June
3 F A À 112 b. 110 Jan. 111% June
do. mortgage, 5 s ...... 1912 M A N 9914b 94 Jan. 101% Mar.
0 M A g 138% 134% Mar. 139 June
Am. Dock & Imp., 5s___1921 J & J 110
1051« Jan. 111 June
3 J A L 103 b. 102% June 106% May
Central Pacific—Gold,6s..1898 J AJ I12%b 109% Jan. 112% June
5 A A C *120 b. 117% Apr. 122 June
Ohes. & Ohio—Mort.,6 g ..l9 1 1 A & O 116 b 1141« Apr. 119 Feb.
9 J & E 106
104% June 109% May
lstoon sol.,5 g ............. ..1939 M & N 104% IO31« Jan. 107 Apr.
4 M & fi 112%b. 110% Apr. 116 Jan.
Gen. 4%s, g ..................... 1992 M & S 811«
81% Apr. 84% May
9 J & I 106
100 Jan. 108% May
ft.AA.Div.,lst con. ,2-4 g. 1989 J & J 7978
76 Jan. 80 June
7 J A J 106%b. 103 Jan. 107 June
do 2d con., 4 g ... 1989 J & J 8 0 14
751« Jan.
80% June
0 A A C 11816 Apr. 119 Mar.
Ohio. Burl. & Q.—Con., 7s. 1903 J & J 125%b 1 2 11 2 Jan. 126 June
1 M & ti 100%
98 Apr. 101 Apr.
Debenture, 5s.......... .....1 9 1 3 M & N 102 b 101 Jan.
05% Apr.
0J A J
93 Apr. 96% May
Convertible 5s.................1903 M & 8 107 b 1Ó7 June 114 Jan.
1 J & J 93%
91 Feb.
95 Jan.
Denver Division, 4s......1922 F & A 9438b 911« Feb. 94% June
1 J A J 118%b. 15 Jan. 11878 June
Nebraska Extension, 4s. 1927 M & N 88%b 881« Mar. 91% Apr.
3 A dc C 111 b.
116%
Mar.
Ohio. & E. 111.—1st,s.f., 68.1907 J & D 115%b 1121« Jan. 118% May
7 J A D 107
H I Apr.
Consol.. 6 g.......................1934 A <fc O 121 b 120% Apr. 122% Jan.
9 J & D 72 b. 73% June 80% Jan.
General consol. 1st, 5 s ..1937 M A N 1011«
97 Jan. 104 Apr.
0 A & O 79 %a. 76% Apr.
82 Feb.
Chicago&Erie—1st, 4-5 g.1982 M A N 102
971« Jan. 104% Apr.
8 M de fi 95%t>. 94% May 103 Feb.
Income, 5s....................... 1982 Oot’ b’r 49 %a 48 Jan. 53% Feb.
3 J A J 108%b. L05 Jau. 108% Apr.
Ohio. Gas L. & C.—1st, 5 g. 1937
93 %b 86 Jan. 94% June Ohio&Miss.8 J & J 115 b. Lll Jan. 115% June
Ohio. Mil. &St.P.—Con.7s.1905
130i2b, 12 5 14 Jan. 132% June
8 J & J 115 b. L10 Mar. 115 June
116 b 1121« Jan. 116% Apr.
1st, Southwest Div., 6s.1909
1 J dc D 109 %b. 106 Jan. 111% May
1st, So. Min. Div., 6 s....1910
117 b 13*2 Jan. 118 June
1 M & N 64%
61 June 6678 Mar.
1st,Ch.&Pac.W.Div., 5s.1921
ll0 % b 106 Jan. 111 June Omaha & St. Louis7 J & J 63 b. 62% Apr.
64 May
Chic. A Mo. Riv.Div., 5s. 1926
105 b 00% Jan, 105% June Oregon Imp. Co. 1
OJ & D 99%b. 99% June 104% Feb.
A
Wis. & Minn. Div., 5 g..l9 2 1
OS
103 Jan. 108 May
9 A dc 0 65%
64 Apr. 71% Jan.
Terminal,'5 g . „ . . . ........ 1914 r a
1081« 103 Jan. 108% June Ore.R.AÑav Co.9 J A J 112
L09% Jan. 112 June
Gen. M., 4g., series A ... 1989 r a
91 b 86% Jan. 92% June
5 J dc D 90 b. 90 May 96 Feb.
M11.& Nor.—1st, con., 6S.1913 r a d 113%b 111% Jan. 115 Apr.
1 J A J (108%
L055s Jan. 108% June
Chic.&N.W.—Consol.,7s..1915 Q - F 138i2b 37 Feb. 142 Apr.
Feo. Deo. & Evans V.) J A J 108 b. 103 Apr. 110 Feb.
Coupon, gold, 7s..............1902 J A D 125 b 23% Jan. 127% May
Evansville Div., 1
0 M dc S *102 b. LOO Apr. 108 Jan.
Sinking fund, 6s..............1929 A A O 115 b 16 Jan. 120 Mar.
3 M A N 70
69 May 71 % Mar.
Sinking fund, 5s..............1929 A A O 111 a 105% May I l l June
3 J & J 90 b. 83% Jan. 90% May
Sinking fund debeny 5s.l933 M A N 108 b 105 Apr. 108 June
3 Feb.
78%
69% Feb.
79 Feb.
25-year debenture, 5 ... .1909 M A N 105
103% May 107 Mar.
3 Feb.
70
53% Feb. 72 Feb.
Extension, 4s..................1926 F A A 98 b 96 Jan. 100% Jan.
3 Feb.
70
37 Jan.
67
Feb.
Ohio. Peo. & St. Louis—5 g. 1928 M A S 10014b 96 Mar. 101 Apr.
Pittsburg & Western—4
7 J de J 85 %b. 80% Jan.
86% June
Chic. R.I. &Pac.—6s, coup.1917 J A J 12 6 14 b 121 Jan. 126% Apr.
Rich & Danv.—Con.,6j
j J A J 109 b. ].05% Mar. 112 Jan.
Extension and col.,5 s...1934 J A J 1035s 101% Jan. 104% May
3 A dc 0 78%b. 75 Apr. 85 Feb,
30-year debent. 5s.......... 1931 M A S 9 5 % a 95 Jan. 98% Feb.
F dc A 77%
75 June 100 Feb.
Chic. St.L. APitt. -Con.,5g. 1932 A A O 106 b, 105 Jan. 110 May
, M dc 8 44
42 June 72% Feb.
Chic. St. P. M. AO.—6s___1930 J A D 121 b 20 Feb. 124% May
1 J A J 82%
76% Jan.
83 June
Cleveland & Canton—5 . . .1917 J A J " 92i2b, 88 Jan. 95% June St. Jo. A Gr. IslandM & N 95 b. 94 May 100 Mar.
C. C. C. & I.—Consol., 7 g.1914 J A D 132 b, 128% Jan. 1353s May
St. L. Alt. & T. H.—li
J dc J 107 b. 1
Apr. 1083s Jan.
General consol., 6 g .___1934 J A J 12 2 12 b, 118% Jan. 122% Mar. St. L. A IronMt.—lsl
F dc A 103%b. 1
Feb. 1043s Jan.
O.C. C.ASt.L.—Peo. & E. 4s.1940 A A O 80%a. 79% Apr. 83 Feb.
2d, 7 g ............. .
M dc N 107%b. 1
-, May 109% Feb.
Income, 4s....................... 1990 April. 29 b. 26 June 34% Feb.
J dc D 104 %b. 104% June 109 Mar.
Col. Coal & Iron—6 g ........ 1900 F A A 1015s
99 May 103% Jan.
A & O 85
83% Apr.
86% Mar.
Col. Midland—Con., 4 g ...l9 4 0 F A A 70 a. 70 Mar. 74 Jan.
M A N 112 b. 1
June 115 Apr.
Col.H. Val.&Tol.—Con.,5 g. 1931 M A S 96%b. 87% Jan. 97% May
Mdc N 112 b. 1
May 115 Apr.
General, 6 g .................... 1904 J A D 100 b 93 Jan. 105 May
J A J* 109%b. 1
_ Jan. H I June
Denver & Eio G.—1st, 7 g.1900 M A N 116 14 b. 1538 May 119 Apr.
M dc N 68
67% June 72% Jan.
1st consol., 4 g ................ 1936 J A J 84 %b. 77% Jan.
J A J 29%
84% June
29 June 37% Jan.
Det. B. City & Alpena—6 g. 1913 J A J *76 b. 70 Jan.
M A N* 117%b. 1
80 Feb.
119 Mar.
Det. Mac.& M.—L’d grants .1911 A A O 431«
36 Apr. 44% June
J dc J 123% 1
123% June
Dul. So. 8h. & Atl.—5 g ___1937 J A J 105
95 Mar. 105 May
do
reduced to 4% g .. J dc J 102 %b. 97 Jan. 103 Apr.
E.Tenn.V AG.—Con., 5 g. 1956 M A N 94 a. 90 Mar. 100 Feb.
Montana Extension, 4 g.1931; J A D 88 b. 87% Jan. 90% May
Knoxville & Ohio, 6 g.,.1925 J A J 101i«b. 96% June 108 Jan.
San A. & Aran.P.—1st,6 g .l9 1 ( J dc J 69 b. 65 Apr
75 May
Eliz. Lex. & Big San.—6 g.1902 M A S 97 a. 81 Mar, 97 May
J de J 69 b. 61 Jan. 68% June
F t W. & Denv. City—6 g .. 1 9 2 1 J A D 99 b. 98% Jan. 105 May
F dc A 94 b. 90 Apr. 96 May
Gal.H.ASan An.-W.Div.lst,5 g. M A N 965s
955s May 98% Apr.
So. Car.___ . . . . 107% 1
Apr. 108% Mar.
Han. & St. Jos.—Cons., 6s.1911 M A
1 1 7 1 2 b. 115 Apr. 1185s Feb.
14 Apr. 22 Jan.
Hlinois Central—4 g .......... 1952 A A O* 100i8b. 96% Jan. 102% Feb.
)J A J 106% 1
Feb. 107 June
I n t & Gt. No.—1st, 6 g___1 9 19 M A JN
118 Jan. 129 Mar.
A dc O 113 b. 1
_ Jan. 116 Mar.
Coupon, 6 g., trust rec.,1909 M A S
lst, consol., gold, 5
76 Jan.
A dc O 99 b. 99% Mar. 102 Mar.
82 Jan.
Iowa Central—1st, 5 g .......1938 J A D 901«
89% Jan. 96 Feb.
J dc J 108 b. 1
108 June
Kentucky Central—4 g .. . .1987 J A J 85 b 81 Jan. 86 June
A de 0 95 b. 89 Feb. 97 June
Kings Co. El.—1st, 5 g ___1925 J A J 1021«
97% Feb. 10 2 % June
J dc J 98 %b.
100 June
Jan.
Laclede Gas—1st, 5 g ........ 1919 Q—F 83%
80 Mar. 85% May
Tex. A Pao.—1st, 5 g ..
J dc D 81%b.
85% May
Lake Erie & West.—5 g ___19 37 J A J* lll% b . 107% Jan. 114 June
2d, income, 5 g .........
Mar oh. 28%
Feb.
34% Mar.
L. Shore—Con. cp., 1st, 7s. 1900 J A J 122:»ab. 120 Jan. 122% Apr.
Toi. A. A. A N. M.—6 a
M dc N 97 %b.
104
Feb.
Consol, coup., 2d, 7s.......1903 J A D 122i«b. 121% Feb. 126 May
J de J L08%b. 1
107%
June
Long Isl’d—1st, con., 5 g ..l9 3 l Q -J 113%D. 113 Apr. 115 Feb.
J de J 81 b.
Jan. 82% June
General mortgage, 4 g ..l9 3 8 J A D 97 a. 91 Jan.
Toi. St. L. A Kan. C.—6 g.
J dc D 94% 1
97 May
Jan. 101 May
Louis. A Nash.—Cons., 7s.1898 A A O 114 b. 111% Apr. 15 Feb.
Union Pacific—6 g
....
J de J L14 b.T
3 Jan. 114% June
N.O. A Mob. 1st, 6 g .......1930 J A J 122 b. 117% Jan. 121% June
M A S L07 b. 1
Mar. 110% Feb.
j* do.
2d, 6 g ........ 1930 J A J 112 b. 108 Jan. 110% Apr.
M A N ‘ 71 %a.
May 74% Jan.
General, 6 g .....................19 30 J A D *116 b. 115% Jan. 119% May
F A A 95%b.
I
May
100 Jan.
Unified. 4 g . . . . ................1940 J A J 81%
78% Jan. 82 Juhe
M A N L10%b. 1
Feb. 111% Apr.
Nash.Fl.ASh.—1 st gtd.5 g.’37
A A *98 b. 98 Feb. 101 Jan.
M A N L09 b. 1
i Jan. 114 Apr.
Louis. N.A. A Ch.—1st, 6s. 1910
A J 112 b. 108% Jan. 113 June
F A A L02%b. 1
June 108 Jan.
Consol., 6 g ......................1 9 1 6
A O 103
99 Apr. 103% June
A A 0 72 b.
June 83% Feb.
Louis. St. L. A Texas—6 g. 1917
A A 935s
87% Jan.
96% Jan.
U.P.Den.A Gulf con. 5 g.1939 J A D 71
i June 77% Jan.
Metro. Elevated—1st, 6 g.1908
A J 119i«b. 113% Jan. 120% June Union Elevated—6 g .........1937 M A N 115% 1
Jan. 115% Apr.
Sd»6» —
.................... 1899 M A N 110 a. 105% Jan. 110 June Virginia Mid.—Gen. m.,5s, 1936 M A N 79 b.
85 Feb.
Mich. Cent.—1st, con., 7s.. 1902 M A N 123 b. 121 May 124% Apr.
87 Feb.
do
stamped guar M A N " 79%b.
Consol., 5b ......................1902 M A N 107
106% May 108% Apr.
Wabash—1st,5 g . . .............1939 M A N .05% E
107 Apr.
■ULLakeSh.AW.—lst.6g.1921 M A N 126i4b. 123 Jan. 127% Apr.
85 Jan.
2d mortgage, S g .......... .1939. F A A 83%
Exten. & imp., 5 g ........ 1929 F A A 107 i«b. 104% Mar. 108% Jan.
Debent. M., series B .....1 9 3 9 J A J 37
June 50 Jan.
* . K . A T . - l s t 4 s , g ........ 1990 J A D 803s
79 June 83 May
West Shore—Guar., 4s.......2361 J A J .05% li
, Jan. 1057g June
2d 4 s , g . . . . . . . . ................1990 F A A 47 b. 46 June 54% Jan.
Jan. 105 May
!
West. N. Y. A Pa.—1st, 5 g. 1937 J A J 04%
Mo. Pacific—1st, con.* 6 g. 19 20 M A N 108 b. 106% May 109% Apr.
i
2d mort., 3g., 5so..............1927 A A 0 32%
35% Feb.
§d,7s.................................
1906 M A -..,112%b.
N
_ - ^
------- ----------------m
112% Jan. 116 Jan.
West. Un. Tel.—Col. tr.,5s. 1938 J A J : 05% K
106% Jun#
Pao. ofMo.^rlst, ex.,4 g. 1938IF A A| 98%b. 97 Mar. 100 Jan.
i
Mar. 34% June
Wis. Cent. Co.—1st, 5 g...,.1937 J A J 94%
_ 2d extended 5s .......19381J A Jil09%a. 1023s Jan. 109 June
Income, 5 g ....................... 1937
June 42% Jan.
Note “ b ” indicates price bid ; “ a ” price ashed ; the Range is made up from actual sales only.
* Latest priee this week.
SECURITIES.
Bid.
Ask.
Railroad Bonds.
( Stock ¡Exchange Pinces.)
Alabama Mid.—1st, g., guar..1928
Atlantic A Dam .—1st g., 6s.. 1917
Att. A.Pa«.—Kd W. D., g*. 6s, .1907
■alt. A Ohio—1st, 6s, Park B.1919
5«, gold................ .......... .....1925
Cone, mort., e o li. 5s............1988
W. Va. A Pitta.—1st, g., i s . . 1990
*0 p r i e «
91
119
111
113%
102 %
SECURITIES.
B. A O. S. W., Ist, g., 4%s...
Monon. River, Mit g.,g. 5 s ... 1919
Jeat’ lOhio Reor.—Ist, 4%s
Ak.dc Ch.June.—Ist,g,5s,gu.l930
Boat. H. Tun. & W.—Deb. 5s. 1913
Brooklyn Elevated—2d, 3-58.1915
Brunswiek A W’n—Ist, g. 4s, 1938
Bult. Roch. & Pitts.—Gen., ôs.1937
Roch. A Pitts.—Ist, 6s........ 1921
do
O onsolidafdlst,6s.l922
F r id a y ; c h e a « a r e t h e l a t e s t « n o t a t i o n * m a d e t h i s w e e k
Bid. Ask.
107
SECURITIES.
Bid.
Burl Cod. Rap. A No.—1st, 5s. 1906 * 102%
104%
Consol, de co Liât, trust, 5 s ... 1934 95%
*103
Minn. A St. L.—1st, 7s, gu ..l9 2 7
*104 108
Iowa C. A West.—1st, 7s
1909 100
Cod. Rap. I. F. A N., 1st, 6S.1920 100
95 ........
1st, 5s.................................1921
C.CÜÚO— Jol. dc Cin.M.lst,4%s. 1939
101 102% Lent. SR. A Bank.—Ool. g.5s.l937
120
Chat.Rome* Col.—Gtd g.5s. 1937
116%
lent, of N. J.—Cony, deb., 6s. 1909
Ask.
103%.
97
95
96
92
Jxrtm 25, 18M.J
THE
C H R O N IC L E .
1043
NEW YORK STOCK EXCHANGE PRICES.—IN A C T IV E BONDS—fC on tinu ed)-JU N E 2 4 .
SECURITIES.
Bid.
Ask.
SECURITIES.
Bid. A s k .
SECURITIES.
Bid. Ask
Central Pacific—Gold M s, 6s, 1895 *108
Svans. A Indian.—1st, cons..1926
117
North’n Paeiflo—Divid’d scrip ext 103
Gold bonds, 6s......................1896 ♦1096s 110% Flint A P. Marq.—Mort., 6 s .. .1920 120
James River Val.—1st, 6s... 1936 98%
Gold bonds, 6s......................1897 * 1 1 0 ia 111% 1st con. gold, 5s.....................1939 100
91
Spokane A Pal.—1st, 6s.......1936
Ban Joaquin Br., 6s..............1900 *109%
Port Huron—1st, 5 s ............ 1939 101 % 102%
St.Paul A N. P.—Gen., 6s.. 1923 *121 124
Mort. gold 5s.........................1939 *98%
Fla. Ccd A Pen.—ls t g . 5 s ....1918 101 %
*90
Helena
ARedM’n—1st,g.,
6s.
1937
Land grant, 5s, g.................. 1900 * 102% 103
Ft Worth A R. G.—1st g., 5s..1928 *70
DuluthAManitoba—lst,g.6sl936 100 109
C. & O. Div., ext., g. 5s.......1918
Gal. Har. A San Ant.—1st, 6s. 1910 * 100 %
Dui. AMan Dak.Div.—Ist6s.l937 93% 95
West. Pacific—B on ds,6s.... 1899 109
Gal. H. A S. A.—2d mort., 7s.. 1905 95
Cœur d’Alene—1st, 6s, gold.1916
Ko. Railway (Cal.)—1st, 6s. 1907
West. Div., 2d 6s.................. 1931
Gen. lst,g., 6s.................... 1938
106
50.year 5s...........................1938 101
Ga. Car. A Nor.—1st, gu. 5s, g.19‘29 *103% 105
Cent. Washington—1st,g.,6s.l938
Ghes. A O.—Pur. M. fund, 6s. 1898 112 % 114 Ga. So. A Fla.—1st, g. 6s........ 1927 76
77% Norfolk A West.—General, 6s.1931
6s, gold, series A .................. 1908 117 117% Grand Rap. A Ind.—Gen. 5s.. 1924 77
79%
New River, 1st, 6 s ...............1932 *118%
Craig Yalley—1st, g., 5 s .... 1940
Green B. W. A St. P.—1 st 6S-.1911
Imp. A Ext., 6s.................. ..1934
Warm Spr. Val., 1st, g. 5 s ..1941
2d income, all subs, p a id ..........
23
30
Adjustment M., 7s............... 1924;
Otie«. O. A So. West.—1st 6s, g.1911
107 Housatonie—Cons. gold 5 s.... 1937 109
Equipment, 5s.......................1908
2d, 6s......................................1911
75
N. Haven A Derby, Cons.5s..l918 *108%
Clinch Val. 1st 5s................ 1957 *95
96%
Oh. V .—Gen.con.lst,gu,g,5s.l938
„ 85% Hous. A T. C.—Waco A N. 7S..1903
127
RoanokeASo.—1st, gu. 5s, g.1922 *95
Chicago & Alton—1st, 7s.......1893 104% 105
1st g., 5s (int. gtd*............ ..1937 107% 107%
Scioto Val. A N. E.—1st, 4s,.1990
83
Sinking fund, 6s...................1903 *117%
Cons. g. 6s (int. gtd).......... .1912
110
Ohio A Miss—2d consol. 7 s ... 1911 116% 118
Louis. A Mo. River—1st, 78.1900, 118
Gen. g. 4s. (int. gtd)..............1921
65
Spring.Div.—1st 7s...............1905
110
2d, 7s...................................1900 112 115
Debent. 6s, prin. A int. gtd.1897
91
General 5s. ...........................1932
Bt. L. Jacks. A Chic.—1st,78.1894 105%
Debent. 4s, prin. A int. gtd.1897 *72
Ohio River RR.—1st, 5s..........1936
Miss.R. Bridge—1st, s. f., 6S.1912 107 i ï ô î Illinois Central—1st, g., 4s ...1951 '106
Gen. g .,5 s............................. 1937
Chic. Burl. A Nor.—1st, 5s. ...1926 104%
1st, gold, 3% s................. ....1951 *94
Oregon A Califor.—1st, 5s. g.1927 *98
Debenture 6s............... ........ 1896
Cairo Bridge—4s...................1950 97
Oreg. RyANav.—Col.tr. g..5s.l919 71
CSiic. Buriing. A Q.—5s, s. f..l9 0 1 104
Springf. Div.—Coup., 6s___1898 '109%
Pan. Sink.F’d Subsidy—6s, g. 1910 *95 110
Iowa Div.—Sink, fund, 5 s ..1919 105%
Middle Div.—Reg., 5s..........1921 ' 112 %
Penn.RR.-P.C.AS.L.-lst,c.,78.1900
94% 95% c . St. L. AN. O.—Ten. 1.,7S.1897
Sinking fund,4s................ 1919
Pitts. Ft. W. A C.—1st, 7s... 1912
140%
Plain, 4s.................................1921
88%
1st, consol., 7s....................1897
2d, 7 s ................................. 1912
Ohio A Indiana Coal—1st 5S.1936
1027ìb
2d, 6s.................................. 1907
3d, 7s...................................1912
Chi. Mil. A St. P.—1st,8s,P.D. 1898 122
Gold, 5s, coupon............... 1951
115%
Clev. A P.—Cons., s. fd., 7s.1900
119%
2d. 7 3-10s, P. D .................. 1898 125 130
Memp. Div., ls tg . 4s.......1951
96
Gen. 4%s, g., “ A” ............1942 113
1st, 7s, 8 g., R. D .................. 1902 128 131
Dub. A S. C —2d Div., 7s ...1894 *106%
St.
L.V.&
T.
H.—1st,6s.,7s.
1897
1st, La Crosse Division, 7s. 1893 125
Ced. Falls A Minn.—1st, 7s.. 1907 90
92
2d, 7s...................................1898
1st, I. A M., 7s..................... 1897 125
Ind. D. A Spr.—1st 7s, ex. op. 1906 120%
2d, guar., 7s....................... 1898
1st, I. A D., 7s..................... 1899 125 130
Ind.D. AW.—1st 5s, g. ,tr.reo.. 1947
Gd.R.AI.Ext.—1st,4%s,G.g.
1941
104
1 st,C. AM ., 7s..................... 1903
2d, 5s, gold, trust receipts.. 1948
116 118
Peo.AE.-Ind.B.AW.-lst,pf.7s.l900
1st, I. A D. Extension, 7 s ... 1908 116
Inc. M. bonds, trust receipts___
Ohio
tnd.AW.—lstp
ref.5
s..l9
3
8
1st, La C. A Dav., 5s............1919 105%
Int. AG. N’n—1st,6s,g., cou.off. 1919 107% 108 Peoria A Pek. Union—1st, 63.1921 ’110
1st, H. A D., 7s....................1910 128%
Kanawha A Mich.—Mort. 4s. 1990 76%
2d mortg., 4%s......................1921
68
1st, H. A D., 5s....................1910 105%
Kan. C.Wyan.AN.W.—1st, 5s.1938
Pitts. C.CASt.L.—Con.g.4%sA1940 104% 104%
Chicago A Paoiflo Div., 6 s ..1910 119% ,
KingsCo.-F.El.,lst,5,g.,gu.A.1929 , 87% 90
Do
do
Series B ........ 105
Mineral Point Div. 5s.......... 1910 105 106% Lake Erie A West.—2d g., 5s.1941 102% 104 Pitts. Cleve. A Tol.—1st, 6 s...1922 '108%
C. A L. Sup. Div., 5s............1921 105
L. 8h. A M. S o —C. P.AA.—7S.1892 102%
Pitts. A L. Er.—2d g. 5s, “ A” . 1928 '108%
Fargo A South., 6s, A ssu ...l9 2 4
120
Buff. A Er.—New bonds, 7s.1898 115 118
Pitts. Mo. K. A Y.—1st 6s......1932
Inc. conv. sink, fund, 5s___1916
Det. M. A T.—1st, 7s............1906 127 130
Pitts. Painsv. A F.—1st, 5 s ...1916
100
Dakota A Gt. South., 5s___1916 105% 106% Lake Shore—Div. bonds, 7 s.1899 115
Pitts. Shen. A L. E.—1st,g.,5s.1940 76
(Mil. A Nor. main line—6 s... 1910 114% 115% Kal. All. A G. R.—1st gu. 5s.l938 *110
Pitts.Y’gst’nAA.—1st,
5s,con.1927
Chic. AN. W.—30 year deb. 5s, 1921
105%
Mahon’g Coal RR.—1st, 5S.1934 *108
Pres. A Ariz. Cent.—1st, 6s, g.1916
77%
Escanaba A L. 8.1st, 6 s .... 1901 111
LehighV.,N.Y.—1st gu.g.4%s.l940 *105 105%
2d ineome 6 s .........................1916
Des M. A Minn.—1st, 7s___1907 125%
Lehigh V.Term.—1st gu 5s,g. 1941 *110% 111
Rich. A Danv.—Debenture 6s. 1927 86% 91 *
Iowa Midland—1st, 8s........ 1900 124%
Litohf. Car. A West.—1st 6s. g.1916
98
Equip. M. s. f., g., 5s............ 1909
Peninsula—1st, c o n v .,7 s ...1898
Long Island—1st, 7 s ............... 1898
116
Atl. A Char.—1st, pref., 7 s.. 1897 *102
Chic. A Milwaukee—1st, 7s.1898 i l 6 %
N. Y. A R’way B.—lst,g . 5s. 1927 *102
do.
Income, 6s___ 1900
102
Win. A St. P.—2d, 7s............1907 127%
2d mortg* ino.................... 1927 15
25
Wash.O.AW.—1st,4s,gu.oy.,1924 *........
Mil. A Mad.—1st, 6s............1905 i.12%
N.Y.AMao.Beach.—1st, 7s, 1897
79
Rieh.AW,Pt.Term.—6s.
’97,
tr.
ree.
80
Ott. C. F. A St. P.—1st, 5 s .-1909 106%
N.Y.B.AM.B.—1st con. 5s,g. 1935
Col. trust os, 1914, tr. reo........... *45% 46
Northern 111.—1st, 5s.......... 1910 106%
Brookl’nAMontauk—1st,6s. 1911 117
Rio
Gr.
Junct.,1st,guar.,g.,5s.l938
Ch.Peo. ASt.L.—Oon.lst,g.5s.l939 99 101
1st, 5 s ................................. 1911 106%
Rio Grande So.—1st, g., 5 s... 1940 86 %
O.R.I.AP.-D.M.A F. D. 1st 4S.1905
SmithtownAPt.Jeff.—1st,7s 1901 *105
St. Jos. A Gr. Is.—2d ino........ 1925
39%
1st, 2%s......................
1905
Louis.Evans. A St. L.—Con.5s.1939
*8*9
Kan. C. A Omaha—1st, 5s.. 1927
80
Extension, 4s................ .1905
Louis. A Nash.—Cecil. Br, 7 s.1907
112
St. L. A. A T.H—2d pref. 7s.. 1894 106 107
Keokuk A Des M.—1st, 5s.. 1923
100
E. H. A Nash.—1st 6s, g ___1919 112
2d m.inc. 7 s ........................ 1894 102 %
Chic. St. P. A Minn.—1st,6 s...1918 121%
Pensacola Division, 6s........ 1920 108
Dividend bonds................. ..1894 60
*65"
St. Paul AS. C.—1st, 6s.......1919 123% Ì25*
St. Louis Division, 1st, 6s... 1921 118%
Bellev. A So. HI.—1st, 8 s...i8 9 6
114
Ohio. A W. Ind.—1st, s. f., 6s. 1919
2d, 3s...................................1980 61
Bellev. A Cai.—1st, 6s......... 1923
110
General mortgage, 6s.......... 1932 115
Leb. Branch Extension .. .1893
Chi.St.L. APad.—1st,gd.g.5s 1917
Chic. A West Mich.—5s.......... 1921
98% 99
Nashv. A Decatur—1st, 7 s..1900 115
St. Louis So.—1st, gd. g. 4s. 1931 *80
Cfin Ham. A D.—Con. s. f., s.1905 123
S. f.,6s.—S. A N. Ala.............1910 101%
do
2d income ,5s. 1931
70
2d, gold, 4% s........................1937
10-40, gold, 6 s ....................1924 *101
Car. A Shawt.—1st g. 4s___1932
Cin. D. A Ir’n—1st, gu. 5s, g. 1941
93
50 year 5s, g .,.. ................. .1937 102
St. L. A S. F.—2d 6s, g., cl. A . 1906 112 113
Chi. Jack. A Mac.—1st. g., 5s.1936
Pens. A A t .- 1st, 6s, gold. ..1921
105
Equip., 7 s ............................ 1895 100
d e v . Ak. A Col.—Eq. A 2d 6S.1930 95
Collat. trust, 5s, g ............... 1931 102
General 5s..............................1931 96
97
O.C.C. A St. L., Cairo div.—4s, 1939 93%
Lou.N.Alb.ACh.—Gen.m.g.5s.l940 74
74%
1st, trust, gold, 5 s ............... 1987
6t.Lou.Div.—lstcol.ts’t4s,g.l990 91
Lou. N. O. A Tex.—1st, 4 s ....1934 *85
Consol, guar., 4s............... ..1990 67^a 68 %
Spring.ACol.Div.—1st,g. 4s. 1940
2d mort., 5 s .........~........... ...1934 .......
Kan. City A 8.—1st, 6s, g ...l9 1 6
WhiteW.Yal.Div.—1st,g. 4s. 1940
Louis. St. L. A Tex.—2d g, 6s.. 1917 .......
Ft. S. A V. B. Bg. -1st, 6 s ... 1910 ' 90*
dn.Wab.AM.Div.—1st,g.4s. 1991 91% 92
Manhattan Ry.—Cons. 4s.......1990 .......
Kansas Midland—1st, 4s, g.1937
Oin. I. St. L. A C.—Ist,g.,4s.l936
Manito.S. W.Coloniza’n—5s ,g. 1934 ........
St. Paul A Duluth—1st,5 8 .... 1931 110
Consol, 6s............................. 1920
Memphis A CharL—6s, gold..1924 ....... 102
2d mortgage 5s.................... 1917 106
Cin.San.ACl.—Con.lst,g.5s, 1928 107%
1st con. Tenn lien, 7s.......... 1915 "118
St. Paul Minn A M.—1st, 7s.. 1909 111
GLOol. Cin. A Ind.—1st, 7s,s.f.l899 116
Mexican Cent. Consol.—4s, g.1911 .......
2d mort., 6s..... ......................1909 117%
Consol, sink, fund, 7s.......... 1914 116
1st, eons, income 3s, g.___ 1939 .......
Minneap. Union—1st, 6s___1922
Glove. AMah. V.—Gold, 5 s ... 1938
Mexican National—lst,g ., 6s.1927 96
Mont. Cen.—1st, guar., 6 s ..1937 *116*% 117%
Colorado Midland—1st, g., 6s.l936 108
2d, income, 6s, “ A” _____...1917 .......
1st guar. g. 5 s .,........
1937 104%
Columbia A Green.—1st, 6s.. .1916 *99 106 Michigan Central—6 s . . . . . . . . . 1909 118
East. Minn., 1st div. 1st 5s. 1908
2d, 6s..................................... 1926
Coupon, 5s........... ...............1 9 3 1 107%
San Fran. A N. P.—1st, g., 58.1919
Del. Lack. AW .—Mort. 7s___1907 133
M ortgage48..........................1940
103
Sav. Amer. A Montg.—1st 6s. 1919
Syra. Bing. A N. Y.—1st, 7s. 1906 130 133
MÜ. L. S. AW.—Conv. deb., 5s. 1907
South Carolina 2d, 6 s..'.___ 1931
Morris A Essex—1st, 7s___1914 *140% 142
Mich. Div., 1st, 6s........... .1924 125% 125% So. Pac. Coast—1st, guar.,4s. 1937
Bonds, 7s........ ...................1900 116 120
Ashland Division—1st, 6 s ..1925 120
Ter.RR. As’n of Sc.L.-lst,4%s.l939
7s o f 1871............
1901 121 %
I n c o m e s ................................. * ...., 109
Texas Central—1st, s. f., 7 s ... 1909
1st, eon., guar., 7s...........1915 13T% 138% Minn.A St. L.—1st, g. 7s........ 1927 124%
1st mortgage, 7 s .. . . . . . . . . . . 1911
Del. A Hud. Can.—Coupon 7s,1894 108% 108%
Iowa Extension, 1st,7s.....1 90 9 ....... 125
*112
Pa. Div., ooup., 7s.............. .1917 141
80
2d mortg., 7s.........................1891 *70
*103%
Albany A Susq.—1st, gu.,7s.l906
Southwest Ext.—1st, 7s.......1910 *112
Third Avenue (N.Y).—1st 5s, 1937 114
1st, eons., guar., 6s.......... 1906 118
Paoiflo Ext.—1st, 6s ........1 9 2 1 100
93
94
Bens. A Bar.—1st, coup., 78.1921 143%
Impr. A equipment, 6s........ 1922 *81
Toledo A. A. A G’d Tr.—g. 66.1921 *112
Denver City Cable—1st, 6 s ... 1908 *98
Minn. A Pac.—1st mortg., 5s.1936 .......
ToL A. A. A Mt. Pi.—6s........
Dear. A R. G.—Im p.,g., 5 s .:.1928 80
81
Minn.S.Ste.M.AAtl.—lst.5s.1926 .......
Toi. A. A. A N. M.—5s, g .....
Dnlnlb A Iren Range—1st 5s.l937
101
Minn. St.P.AS.S.M—Iste. g.4s.l938 .........
Ulster A Del.—1st, con.,6.,5s
*101% 103
B. Tenn. Va. A Ga.—1st, 7 s ...1900 113% 114
Mo.K. AT.—K.C. AP., 1st, 4s, g.1990
Union Pacific—1st, 6 s ........
76
109% 109%.
Divisional 5 s .......................1930 100
Dal. A Waco—1st, 5s, gu..,.1940 86
87
1st, 6s..................................... 1897 110% I l l
1st ext., gold, 5 s . .. . ........1 9 3 7
68
Missouri Pacific—Trust 5 s ... 1917
1st, 6s...............................1 8 9 8 112%
Bq. A Imp., g .,5 s ................1938
1st eolL, 5s, g ............... .....1 9 2 0 81%
Collateral Trust, 6 s .........1 9 0 8 100 100%
Mobile A Birin.—1st, g.,5s.. 1937
89%
St.L.AX. M .-Ark.Br.,1st, 76.1895 104%
Collateral Trust, 5 s .:.......1 9 0 7 *82%
Alabama Central—1 s t6 s ... 1918 100
Mobile A Ohio—1st ext., 6 s ...1927 . . . .
Kansas Pacific—1st 6s, g ...!8 9 5 *107
M s 1st, extended, 7s.......... 1897 114%
St. L. A Cairo—4 s,gu a r.....1 9 3 1 ___
1st, 6s, g . ............
1896 *107
2d, extended, 5s....................1919 116%
Morgan’s La. A T.—1st, 6s.. ..1920 112
C. Br. U. P.—F. c., 7 s .......1 8 9 5 100
Sd, extended, 4%s.................1923 107
m
m
1st, 7 s ............
........1 9 1 8 124% 125
Atch. Col. A Pac.—1st, 6s... 1905 83 _w
4th, extended, 5s.................. 1920 114
Nash. Chat. A St. L.—2d, 6s.. 1901 . . . .
Atch. J. Co. A W.—1st, 6s... 1905 *........ 82%
0th, extended, 4 s . .. . . . ........ 1928 101
New Orleans A Gulf—1st, 6s .1926 ___
U. P. Lin. A Col.—lst,g., 5s. 1918 *72
let, eon., g., fid, 7 s ..............1920
N. O. A. No. E.—Pr. 1., g., 6S..1915 *108
Oreg.S.L.AU.N.,CQl.trst.,5s.l919 *70
Reorg., 1st lien, 6s............... 1908
N. Y. Cent.—Deb. g. 4s........ .1905 *108%
Utah A North.—1st, 7s........ 1908 100 .........
B. N. Y. A E,—1st, 7 s .......1 9 1 6 133 135
N. J. June—Guar. 1st, 4 s ...1986 102
Gold, 5s...............................1926
N. Y. L. E. A W.—Col. tr.,68.1922 112
Beech Creek—1st, gold, 4s..1936 102% 103
Utah Southern—Gen., 7 s ... 1909 103
Fended soup., 5s...................1969 90%
Osw, A Rome—2d, 5s, g.,gu.l915 105
Exten., 1st, 7s.................. 1909 102% . . . . . .
Buff. A S. W.—Mortg. 6s___1908
Utica A Bl. Riv. -4s, g., gu.1922 103
Valley R’y Co. of O.—Con. 6s.1921
Jeflbrson—1st, gu. g. 5 s ___1909 104% 105% N. Y. N. H. A H.—1st, reg. 4s.1903 106
Wabash—No. Missou—1st, 7s. 1895 109 110
Coal A RR.—6s..................... 1922
N. Y. A Northern—1st, g., 5s.1927 *106%
St.L.K.C.AN.—R.E.ARR.7S.1895 *108% r r »■
Dereka Springe—1st, g., 6 s ... 1933
ib o "
2d, 4s......................................1927 62
St.Charles Br’ge—1st,6s... 1908 109
Brans. A T .H .—1st,cons.,6s..1921 124%
N. Y. Susq. A West.—2d, 4% s.l937 84
West. Va. C. A Pitts.—1st, 6s.1911 109
Mt. Yernon—1st 6 s ......... .1923 ........
Gen. mort., 5s, g .................. 1940 90
90% Wheel.AL.E.—1st. 5s, gold ... 1926 109 ___Æ
BaL Qa. Branch—1st, g., 5s.l93Ql ........
N. Y. Tex. A Mex.—1st,4s,gn.1912 ...L..J
Extension A Imp, g., 5 s ....,1930 * . . . . . 94
* Ho price Friday; these are tne latest quotations made this wees.
F or ITViseellaneou» A U nlisted H o a d s —See 3d page preceding.
THE
1044
c h r o n ic l e
[Vol. LIV,
;
ABSTRACT PROM! REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER MAY 17, 1882
Deposits.
Silver \Leg.tendfrs
Gold
Loans A dis Gold and
Silver.
TreasurylA U. S. ctfs.
counts. (Incl’g gold O.H. Treasury
certificates]
o f deposit.
certificates
certificates.
overdrafts.)
Other.
Individual.
$
$
$
$
$
$
$
95,586
259,491
82,077
710,816
73,260
20,845,308
178,853
12,038,071
79 11,010,000 2,665,903
80,084
175,295
f Maine.............
99,876
289,498
29,830
11,290,701
230,841
7,588,943
1,570,022
52
6,180,000
«3 N. Hampshire.
289,580
29,333
70,560
17,990
341,476
13,870,313
49,925
8,227,411
1,863,600
7,160,000
49
Si Vermont........
203,132 1,712,446 5,397,268
3,630,750 7,111,990
156,702,152
292,763
113,437,789
14,0*7,400
53,100,000
55
1,930,485
Jf Boston............
521,289
544
523
227,860
2,593,478
107,869,393
99.799
73,316,610
622,140
S Mass., other .. 209 45,617.500 15,424,457
121,718 225,631
196,360
484,841
37,223.103
116,946
18,813,235
4,739,158
59 20.277,050
761,026
W Rhode Island.
216,357 301,587
368,620
48,456,076 1,605,746
245,183
33,511,464
7,515,955
23,024.370
84
2 Connecticut...
1,214,31< 396,257,046 "9,656,605 8,025,910 1,33 »,243 2,966,0' r6 9,435,285
I Total Div.No.l 5»7 166 368,920 47.826.4W5 267,033,523
519,834 6,630,9-3 42.346,157
365,332.945 3,694,055 64,353,200
48 49.600.000 40,236,277 293,373,740 1,041,338
( New York City
913,733
137,249 207,661
169,163
525,250
9,448,119
100,644
13,725,281
2.003.000
5 1.352.000
473,741
1 Brooklyn...
21,092
20,758
362,845
513,500
8,30?,990
50,000
7,237,668
1.300.000
1.550.000
6
2,944,784
¡■j A lbany___
346,939
502,277
736,280
3,422,528
570,000 101,711,347
93,309,771
33,044,060 10,615.881
2N. York, other 265
548,013 2,355,123
296,041
352,620
1,187,372
50,175,225
262,769
50,773,<
05
6,638,900
97 14,411,350
2 New Jersey...
574,599 2,654,000 10,478,686
94,939,446 10,251,080 4,359,780
203,51
41 22,6 0,000 13,681,303 100,483,930
tS Philadelphia..
231,595 755,715 2,769,170
624,900
38.874,792 2,374,899
317,829
35,384,765
6,429,557
26 10.900.000
3 Pittsburg.......
884,228 622,059 4,037,987
461,720
363,241 105,988,663 4.337,551
B Penna., other. 304 37,743,840 16,264,094 104,318,897
1176613» 66,369,381
3,16^,915
2,959,341 774.780 527 35,799.443 71,927,250.
698,607,057
97,171,912
171,251,250
792
{ Total Div.No.2
155,220
96,270
50,334
14,4ö0
138,536
5,358,010
50,0u0
4,459,324
961,636
2,133,985
f Delaware.......
145,227 1, 251,288 3,676,851
976,610 1,365,450
32,190,415
209.189
25,882,377
13,243,260 4,448,900
© Baltimore . . . .
397,661
70,120
117,282
147,448
383,910
9,652,574
50,000
9,472,221
1,290.958
3,561,700
Maryland, oth
768,754
35,348 619,224
164,897 1,116,890
7,578,372
100,351
10,638,570
1,115,000
2.575.000
£ Washington...
40,250
7,253
80,051
127,000
68,359
529,270
926,038
100,000
252,000
ZJ Dist. Col., oth
1,042,101
143,656 116,542
66,970
416,956
15,918,401
388,48 i
14,819,030
2,323,200
4,496,300
K Virginia..........
481,433
67,35
*
23,040
55,51
1
272,139
6,851,192
50,00<
5,853.266
634,267
2.686.000
West Virginia.
554.6 11 2,37»,177 6,562,270
78,079,134 2,421,40' 2,833,930
848,0 ¿1
72.050,826
I Total Div.No.3 157 28,948,245 10,873,961
250,410
95,697
19,5*2
2,560
224,624
6
024,081
lOU.OOu
4,099,702
719,159
23 2.563.500
f North Carolina
260,259
12,702
800
148,107
134,856
5,602,478
151.847
3.536.866
875.500
1.623.000
14
I South Carolina
410.387
116,867j
21,600
268,053
327,076
9,737,556,
89,705
5.895.396
1,215,433
4,515,200
32
I Georgia..........
301,634
12,153,
1,380
106,176
57,631
4,074,141
99 262
4,829,927
225.500
1.340.000
18
| Florida...........
379,294
56,437
149,769
42,060
300.425
7,279,798
107,037
5,888,547
976,883
3.899.000
29
& Alabama___
223,105
19,836
50,642
4,740
74,152
2,420,352
2,034,319
425.550
1.165.000
13
1,807,586
Mississippi__
1,246,415
230,707
749,370
274,85“
12,046,288
14,968,957
1,858,500
3.625.000
10
79,754
m New Orleans..
93,103
84.710
19,100
43,318
1,959,315
1,749,951
209,944
810,000
11
3 Louisiana, oth
137,050
985,080 309,170 2,974,034
47.51i.292 1,569,29
318,618
30,371,240
4,569,813
227,144
B T exas............. 219 26,059,500
46,787
40,712
14,470
2,984,499
56,948
101,624
2,412,377
460,000
1.600.000
10
S Arkansas......
882,072
31,000
26,140
38,000
341,702
11,910,953
330,000
5.807.396
1,041,300
4.901.500
10
Louisville. . . .
497,795
52,782
69,276
47,320
475,223
21,422,150
586,»61
12,128,986
2,864,246
10,457.900
71
Kentucky, oth
1,448.803
263,261
314.271
140,860
495,412
23,0*2,175
283,873
16,486,244
2,226,943
56 10,473,953
Tennessee___
156.0.5.078 4,375,516 1,219,310 2,569.340J2,285.105 9,742,077
1 Total Div.No.4 516 !3,0*3,553 17.668,771 109,709,908 2,168,857
88,914 617,7¿>0 3,927,267
676,960
524,674
28,5 »» ,403
22,162,347
896,028
2.555.000
9, 100,000
13
f Cincinnati___
51,000 1,609,800
68,481
269.000
912,109
21,055,888
100,434
18,069,556
1.775.000
8.050.000
10
c Cleveland
534,571 163,076 3,644,332
181,200
67,888,709 2,933,440
59,614,483
526,907
7,018,866
2,100,436
3 Ohio, other ... 214 26,657,100
182,694
333,902
489,910
36,462,718 2,278,028
35.768,057
539,459
4,535,152
2 Indiana........... 107 13,305,9o0
361,754 2,129.430 13,431,341
80,465,503
261,581 100,983,098 13,802,416 6,990,750
9.709.000
22 21.900.000
2,047,366
2 Chicago'.'.........
211,298
436,233
458,120
54,442.576 2,502,064
877,190
5,846,432
53,865,120
g Illinois, other. 185 16.781.000
989,719
91,499 109,384
189,6^0
939,062
17,288,601
11,456,550
395,018
634.000
8 4.400.000
868,302
• Detroit............
102,875
207,444
43,220
33,438,934 1,346,872
98,952
29,276,868
96 10.634.000 3,116,568
e Michig’n.other
346,168
44,800
35,206
120.000
632,900
5,353.269
5,716,897
316,161
475.000
850,000
3
657,173
« Milwaukee___
96.749
159.6?41
50.820
23.2*7,598 1 350,296
144.187
23,324,466
1,850,130
7
e,480,800
gl Wisconsin,oth.
-9,721.904
388,7o9,79 + 27,241.861
4,155.917
339,719,847
37,515,148
118.158,800
730
L Total Div.No.5
217,915
5,OoO
23,74»
200
184,95»
2,357,294
Des Moines...
331,937 126,402 1,217,018
137,730
36,341,190 1,565,562
29,397,492
169,760
2,962,444
Iowa, other... 150 13,415,000
230,658
54,339
110,788
4,500
1.988.293
13,896,634
466,613
9,819,727
1,288,000
5 4,800.000
St. Paul..........
41,855 1,060,410
118,1»3
500
694,608
10,923,736
50,534
9,508,050
637,500
7 4,6< 5,000
Minneapolis...
346,458
35,54
121,140
20,000
807,459
16,968,691
50.000
14,978,602
1,065.762
5,432,650
57
Minnesota, oth
46,147 1,868,438 1,958,577
29,209,031 1,627,854 2,375,550
250,000
21,111,201
1,528,000
9 10,700,000
301,952
St. Louis
66,356
41,506
60,180
150,095
5,423,337
491641
3,325,292
198,000
2,000,000
4
3 St. Joseph.......
183,768 104,510 1,096,441
140,000
17,119,483 1.049.293
94,884
9,892,660
964,500
6,800,000
10
325,019
*! Kansas City...
33,844
73,156
16,920
291,666
10,163,648
........
8,535,493
737,782
4,640,000
58
3 Missouri, oth’r
223,889 12»,247 1,087,326
55,360
23,480,223 1.015,170
350,457
19,832,135
1,735,169
925,368
ig Kansas........... 145 12,767,100
78,742
158,259
10,260
10,997,171 2,450,278
440,059
8,648,448
517,700
4,000,000
9
525,192
*l Omaha............
91,184
141,046
18,050
932,273
22,077,026
17.848,618
1,639,173
9,343,100
228,612
I Nebraska, oth. 129
23,286
51,369
23,150
248,834
6,493,332
5,540,623
476,969
33 2,315,000
286,999
I North Dakota.
23,635
48.93*
12,610
211,240
5.272,725
174,486
4,635,496
622,700
2,660,000
41
I South Dakota.
9,857,975
2,875,016 1,673,87. 2,673,
661 84,177,850 14,6»3,9»9 164,781,464 2,096,434 210.720,551 13,2 L7,578
498
4,473
55,805
696,957
409,034
128,000
282,000
2
13,473
( Nevada..........
32,220
61,000
5,960,471 1.026,085
3,326,700
102,557
925,000
2,500,000
2
109,224
San Francisco
180,617
9,530
13.602,221 1,762,425
13,151,340
190,8'9
1,463,972
5,515,000
34
California, oth
71,559
129,587
6,860
12,569,420 1,186,909
587,257
9,435,734
833,893
4,415,000
41
166,394
g Oregon,
165,935
32,580
1,701,452
16,075.919
54,615
13,319,829
1,660,357
7,595,000
68
g Washington..
361,148
512,832
109,970
48.904, '88 5,732,676
39,642,637
935,308
5,011,222
147 20,307,000
19,601
5,765
71,187
301,775
. ... .
412,**59
34,150
250,000
4
f Arizona..
66,914 1,362,356
277,166
53,320
25,861,577 2,6:2,210
516,920
26,654,763
2,193,650
8,955.000
52
• Colorado.
67,398
7,69»
18,277
3,310
205,875
1.637,572
69,098
1,761,887
185,500
625,000
9
672,035
■ Idaho_______
33.161
137,741
60,580
918,882
16,211,198
284,710
680,567 - 14,094,375
4,740,000
34
’ 82,367
2 Montana........
2,846'
22,963
3,810
189,630
2,382.43s
187,859
2,425,^59
204,630
1,000,000
11
47,175
gl New Mexico ..
25.596
15,080
500
32,120
619,3 -3
696,881
20,300
496,540
8
43,539
• Oklah’a & I. T.
14,792
77.849
68,160
836,667
4,999,189
149,364
3,958,464
933,300
2,795,000
14
41,891
g Utah.......
3,406
24,548
420
263,207
2,767,080
....
2,337,195
188*400
1,125,000
12
© Wyoming
579.389 154.443 2,336.362
190,100
> 4,780,223 5,189,778
.52,342,283 1,207,951
4,44U,4»7
i Total Div.No.8 144 19,886,540
96,656,060 12,712,923 2604O2111134386402
3,734 682,232.158 235,192,005 1.743,787,545 15,536,13» 2.1 8.360.341 103634914
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Mil’ns.
I
Mil’s Mil’s Mil Mil’s Mil’s Mil’s Mil’s Mil’s Mil’s
Resources. Mill's. Mill’s. Mil’s Mil’s Mill’s. Mil’s Mil’s Mil’s Mil’s Mil’s Mil's Mil’s Mill’s. 17-3
2 9 2 22"5 110 6-0 1,007 1,101 2 ,1 0 8
2"
4
1
0
»
13-9
l
o
r
o
5-4
11-9
211
3
2
2
1
21
28-0
95-C
38-8
8-3
7-0
365-3
9-4
Loans......... 156-7
30 131 1 6 1
•8 •-7 > *1
*3 •3 *5
•4 •S •*2
•7 512
•5 2*0 1-0
3 9 1-8 1-2
6*9
•5 *4
5-4
Bds for circ.
12 ••22
10
•5 *1
*2
*2
•5 *1
*4 ■3
•1 513
•2 •8 •2 *3 1•1
•3 *3
»•4
*2
Oth.U. S. bds - -7
144
SI
*1
63
23
•5
•1
•1 •5
•2 05'2
*1 3*7 2 ‘1
*0 4-8 l-o r e
6 4 30-2 2-5
Stks, bds,&c*
2
2
0 412
192
*5
4-0
6-2
3
4
2
3
2-9
4-2
2Ì-0
r
o
r
i
r
e
2-9
2-0
2*0
8-0
5
‘2
4-5
23-9
Due fr .banks 41-0 3 2 7 2*5
87
52
*3
l-o
35
■9 l 'l
•2 11
•2 *1
1
•e
•0 •4 •i
•8
3-9 3-4 l-e r i
•2
2-8 12-5
Res^l'estate..
50 2 0 0
2-4 11 15
•7 4-0
•2 2-0
•7
11
20'8
r
a
1-2
r
c
2
3
1-3
•
3
3-0
'9
1
4
0
*
7
78-0
10-8
G. coin k ctfs
15
39
24
•2
•1 •2 1-9
•1
2*5
•2
•l
•1
*7 1-5
3 2 l-o 1-4
•8
7-2
1-9
Sil.coin&ctfs
38 1 0 8
•9
7«
1 1 19
*9 2- 1*0 116
5 0 2-8 1-2 .*(• 1 8
0 l-o ■3
•9 '4
5-1 27-7
It. tend notes
26
26
1-9
•1
1-0
*1 5*5 .... 2-5
•3 14-0
U.S.ctfs. dep
22
14
8
•3
•4
•1 ’2
*1
•
2
■
1
•
5
•
2
•
1
*5
•
3
*1
*2
*7
1-0
Nat.bk notes
3 100
97
•3 •2
•1
■3 *5 1-0
•2
*3
6'0
•9 *1
•2 •2
•2
•8 •1 8-0 1-8 2-0
Cl’r’gH.exch 101 62-0
50
36
14
•5 T
•4
•1
•2
•2
•5 •3
•8 •1
■4 •3
■-2
*6
5-2
•3 •1 2-0
1-5
Other res’ces
1,753 3 ,479
8-4
1,726
22-5
36-5
22-2
4
9
1
1
0
3
ÎS-5
4
0
2
5
0
24-4
52-0
150
Ï6-9 50-9 3 3 1
Totals..... 244-0 646"3 1.8-6 15-9 171-0 6 3 0
|New
Orleans.
Baltimore.
Surplus.
Phila
delphia.
Albany.
A. York.
Boston.
Liabilities.
Capital stock
Surplus fund
U adi. profitsCirculation..
Due to dep’rs
Duetobanks
Other liab’s..
rpntoTe
Brooklyn..
Capital.
1892.
1-5 22-7 10-9 13-2 2-0 3-6 4 -9 91 8-0 21-9 4 -4
97
•0
1-3 13 7 64 4-4 .1-1 1-9 1 0 2'5 1'8
•0
3-3
•5
•8 *7
•4 1*0
2 1 1-3 1-4
*8
•4
•0
-5
*8
•4 3-5 1-5 IT
•5 2-1
7-3 100 7 35 7 261 1Ö7 15-0 5 ‘6 2 3 1 18-2 80-7 1 1 - 9
5"2 2 8 1 7-0 5-7 * -3 2-3 4-4 12'8 3'3 00-4 7 -0
•1
‘5
•1 •1 •1
•3
•2
•2 •1
2 5 -0
‘ "44-0 Io4«'3 1SS » 5.« *71-o 63 0 i|^*0 t 5 -fi 24-4 16 9 50-9 3353-1 49-6 1-4
141 40-2 a-o
•4
5-1 1 re
*5
4-5
5-8
¿9
4
4
13-8
11353 *, .3 9 1 •4
■2
•2
•7
•0
■5
•3
•2
6 -0
2 -4
1 -6
1 0 -3
4 -0
•3
•2
•1
1 -7
4 ‘8 4-6 10 7
■0 1‘6
1-3
l-o
1-3
•4
•2
103 9 '6 | 2 1 ‘4
4-3 2 '6 1 4 '0
■1 -1
222
1 8 - 5 | 4 9 '1
4 3 8 .682
1 28 2 35
104
65
140
114
1,759
927
67 5 4 3
16
14
8-4 1,726 1,753 3 .4 7 »
4-0 2-5 2 1 4
•5 •9 1 0 7
39
•8
•2
•1
26
7 *7
e i 3-4 8 1 2
8-0 1-2 4 7 6
2
36-55 22-8
THE
June 25, 1892 J
C H R O N IC L E
R o ad s.
10L i
Latest Earnings Reported
Week or Mo
AND
îa ilr c a â
f w t e lli g jm j
RAILROAD EARNINGS.
Latest Earnings Reported.
Week or Mo
1892.
Allegheny Vai.. May..........
215,358
Atch.T.& 8. Fe.. 2dwb June 627,315
Half ow n ed ... 2d wk June
38,153
Total system. 2d wk June 665,469
Bt L .* 8 a n F .. 2dwb June 120,710
Half owned.. dwk June
37,589
Tot.S.L.&S.F. 2dwbJune 158,298
Agg. to ta l.. 2dwb June 823,767
Atlanta* Char.' April____
54,436
Atlanta & Flor’ a May..........
7,694
Atlanta* W.Pt. May.........
30.417
B.&O.EastLines May........... 1,563,559
Western Lines May........... 455,221
Total......... May.......... 2,018,780
Bal.&0.8outhw. 2d wb June
44,562
B ath* Ham’nds M ay....
2,033
Bir. & Atlantic. Maj\__
3,869
Bir.Sh.&Tenn.R A pril...
16,069
Buff. Roch. * Pitt 2d wb June
60,549
Bar. C.Rap. &N. 2d wk June
89.240
Camden & Atl. A pril...
40,793
Canadian Pacific 2dwk June 406,000
Oar.Cum.G&Cli. April.........
2,499
Car. Midland... May..........
3,744
Central Pacific.. April......... 1,173,279
Central of 8.C .. April.........
7,222
Oiar.Cin. &Chie May...........
9,300
Ohariest’n & 8a v April.........
58,828
Char. Sum.* No. May..........
7,783
Oheraw. & Dari. April........
5,180
Cheraw.* Salisb April.........
983
Oaes. & Ohio.... 2dwb June 160,171
Ohes. O. & 8. W. April.......
172,990
Chic. Bur. & No. April.......
169,188
Ohio. Burl. & Q. April....... 2,757,629
Ohio.* East. 111. 2d wb June
71,305
Chicago & Erie. April. ..
236,746
Chio. Kal.& 8 ... April...
4,168
Chic. Mil. & St.P. 3d wb June 613,863
Ohio. AN’ thw’n. M ay....
2,535,790
Ohio.Peo.&S.L.t 4thwbMay
30,984
Chic. R’kI.&P... M a y......... 1,256,896
Ohie.St.P.&K.C. 2dwb June 102.918
Ohlc.St.P. M.&o. April...
628,505
Ohio. & W. Mien. 2d wb June
32,903
Cin.Ga. & Ports. M ay....
5,643
Cin. Jack & Mac. 2dwb June
11.679
Cin.N. O. &T.P. 2dwb June
74.594
Ala. Gt. South. 2d wb June
27,158
N.Orl. &N. E. 2dwk June
18,623
Ala & Vioksb. 2dwb June
8,619
Vicas. Sh. & P. 2d wb June
6,507
Erlanger Syst. 2dwb June 135,501
Glnn.Nortliw’n. M ay....
1,645
Cin. Ports. & V. M ay....
20,337
Col. & Maysv M ay....
1,203
Oin.Wab.&Mich May----67,831
Olev. Akron&Col 2d wb June
20,14'
Clev. Can. & So. A p ril...
63,972
Oi.Ciu.C'n.* b.L 2d wb June 256,524
Peo. & East’n. 2dwb June
31,302
Olev. & Marietta M ay----24,800
Color. Midland.. 2dwb June
38.679
Col. H. V. & Tol. M a y ... . . .
282,986
Col. Shawnee AH 2dwb June
15,963
1/754
Oalusa & Lake.. M ay....
Conn. R iver___ A pril...
101,716
2,936
Current River.. 2d wk June
Denv. & Rio Gr. 3d wb June 171,500
DesM. No. & W. M ay....
30,008
29,600
Det.Bay C.&Alp M ay....
21,480
Det.Lans’g&No 2dwb June
DaluthB.S.&Ati 2dwb J une
48,455
Duluth & Winn. M ay....
7,777
E.Tenn. Va. &Ga 2d wb June 118,861
60,424
Elgin Jol.&Easi M ay....
12,585
Eliz.Lex.&B.S.., 2d wb May
Evans. &Ind’ pin 2dwb June
6,lB l
22,872
Evansv. & T. H 2d wb June
594,832
Fitchburg........ . April...
49,643
Flint. &P. Maro 2dwb June
2,047
Florence.......... . April.......
Ft.Worth&Denv February.. 131,871
7,860
Ft. W. & Rio Gr. 2dwb June
10,811
Ga. Car’la & No. April........
Georgia RR...... April......... 105,093
58,471
Geo. Bo. * Jb'ia.. M ay.........
4,195
Georget’n & W’n Apj i l . .......
46,701
Gr.Rap. & Ind.. 2dwb June
8,780
2dwb
June
Cin.R.AFt. W.
3,705
Other lin e s ... 2dwb June
59,186
Total all lines. 2dwb June
Grand Trunk... WkJunei8 363,698
67,372
Chio * Gr.Tr. W kJunell
21.240
Det.Gr.H.* M. W kJunell
1891.
Jan. 1 to Latest Date.
1892.
1891.
Jan. 1 to Latest Date.
1892.
$
13,874
The Investors’ Supplement, a pam phlet o f 150 pages,
contains extended tables o f the Stocks and Bonds o f R ail
roads, and other Companies, with remarks and statistics con
cerning the income, financial status, etc., o f each Company.
I t is published on the last Saturday o f every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular sub
scribers o f the Chronicle.
The General Quotations o f Stocks and Bonds, occupying
six pages o f the C h r o n ic l e , are published on the t l s i r d
S a t u r d a y o f each month.
B oads
1892
1891.
»
$
*
964, 601
197, 395 1, 001,084
600, 651 14, 374,362 13,402, 649
36, 786
745, 226
788,015
637, 437 15, 162,379 14,147, 875
118, 8721 2, 778,278 2,737, 244
729, 9C9
36, 2 291 770,646
155, 100, 3 548,922 3,467, 212
792, 537 18 711,301 17,615, 087
252,972
284, 519
61, 748
5, 634
189, 523
180,160
28 924
1,527 731
614,019 7,185, 008
,478,637 2,181, 245
437 628
1,965; 359
092,656 9,366, 252
43, 015
,136,108 1,004, 622
7, 529
1, 500
8,547
23, 493
4, 757
16,759,
72,592
56, 391
14, 294
55, 138
355,84s 1,189, 696
62, 024
,774,859 1,463, 077
142,674
149. 953
39, 190
374, 000
,796,588 8,170, 982
15. 121
3, 780
12,598
24, 625
21,861
3, 151
1,340, 293
,235,072 4,794, 084
37, 893
37,782
6, 864
60,016
61, 529
11,,139
308, 280
256,606
69, 393
42, 278
61,882
5, 699
41, 394
29,934
6, 464
10, 635
1, 400
7,815
,757,034 3,649, 312
157, 342
708,248
737, 362
170, 052
666,146
658, 611
174, ,804
2,484, ,668
.087,570 9,541, 681
,706,566 1,575, 044
70, 427
965,625
816, 410
208, ,787
16, 610
15,690
3,,958
,773
11,660,
,959,239
489, ,249
,892.958 9,784, ,758
2,131, ,001
318
405,
505,083
27,,207
,610,688 5,889, 835
1,281, ,798
,031,156 1,806, ,813
84;,582
570, ,650
,644,010 2,064, 042
713, 468
825,98
3i; ,466
24, 234
25,102
5,,794
318, 863
12 ,061
288,097
,850,990 1,851, 905
72,,709
822, 935
769,389
3o; ,311
492, 219
533,074
19!,705
268, 163
268,928
8,,506
255, 815
6 ,758
234,087
,656,468 3,691, ,137
137 989
7,830
1, 729
8, 269
85,,231
90,105
20! 541
4,,798
1, 049
5, *79
245, ,435
322,899
60 ,063
396, ,781
421,298
18 ,050
176, 421
2«9,»98
54 506
,778,325 5,663, 307
239 .896
761.484
670, ,418
27, 268
142, ,197
129,911
26 ,831
920,080
898, ,484
38 226
,273,008 1,094, ,068
229 481
292,835
195, ,145
10 ,820
8,176
1 755
9,,150
335, ,547
357,094
9o; 129
76,430
65,,041
2 710
,944,348 3,596, ,992
163 ,000
156,894
27 387
124, 581
197, 259
151,503
39, 851
508,301
507, 738
22 367
762, ,778
915,078
50, 905
55,141
30, 953
5, 528
130 467
249,822
333,556
42, 889
14, 174
153,989
143, 885
6, 962
535,679
500 856
20, 904
,2 8 2 ,8 2 2
2,164, 203
538, 055
,351,166 1,342! 467
52, 548
20, 504
15,740
2, 304
241 535
266,610
110 , 156
160,884
93 445
4, 633
43, 444
51,581
7, 512
674! 305
490,429
138, 366
302 049
306,179
66, ,213
14 513
16,633
4 ,017
,073,424
999 306
44 ,368
208,128
,307
188
,041
7
104,061
99 295
4 587
,385,614
1,286
,908
55 996
,621,256 8,211 ,915
330 019
,709,283
,443
1,611
61 ,328
496,441
467 ,159
20 ,626
I
1891.
Gulf & Chicago. May.
2,342
15,284
1,455
Great North’n —
St. P. M. & M. May....... .
794,003 777,911 4,644,351 3,494,035
East, of Minn. May.......
83,232 114,417
315,165
373,068
Montana Cent. May....... .
114,934 132,629
511,349
471.969
Tot. system. May......... . 992,169 1,024.956 5,489,385 4,320,549
Housatonic. . . . . March....... 123,482 116,918
326,705
342,033
Humest’ n&Shen May...........
8,500
10,298
64,489
59,000
Hutch. ASouth’ n M ay.. . . . . .
22,365
6,663
3,740
31.126
Illinois Centr’i . . 1May........... 1,448,658 1,423,573 7,500,627 7,149.967
Ind.Dec.&West. M ay.........
30,101
35,187
176,602
180,976
In. &Gt.Nortli’ n 2d wb June
64,876
67,026 1,526,879 1,521,693
Jlnteroc. (Mex.) Wk May28
43,382
Iowa Central... 2dwk June
816,085
711,838
29,174
49,768
Iron Railway... May-----.. .
13,3061
15,872
3,016
2,750
J’ k’nv.T.&K.W. May..........
404,642
419,277
56,120
54,584
Kanawha&Micb 2d wb June
137,413
7,685
166,166
6,110
Kan. C. Cl.&Sp. 2dwb June
134,809
138,106
4,915
4.848
K.C.F.S. &Mem. 2dwk June
73,836
77,106 2,190,995 2,034,571
K. C.Mem. &Bir. 2dwb June
508,173
478.876
18,137
15,629
Kan.C.Wy&N.W April.........
94,342
114,265
27,586
26,223
Keolmk & West. 2dwb June
169,107
6,211
170,641
6,706
L. Erie All. & So May...........
29,286
32,814
6,139
5.803
L. Erie & West . 2dwb June
59,949
56,319 1,451,068 1,320,349
Lehigh & Hud.. Maj
163,079
157,485
40,866
42,155
L. Rock & Mem. 2d wb June
292,123
270,901
8.882
10,399
Long Isla n d .... 3dwb June 112,892 109,404 1,718,117 1,655,392
89,369
Louis.* Mo.Riv. March
106,729
38,617
31,085
Louis.Ev.&St.L. 2d wb June
642,039
558,613
24,156
26.840
Louisv.&Nashv. 2d wb June 390,385 333,315 9,191,144 8,346,217
Louis. N. A&Ch. 2d wb June
64,000
56,814 1,335,809 1,141,445
Louisv.N.O. &T. 4thwbMay
55,788
72,337 1,423,762 1,483,424
Lou. St.L.&Tex. 2d wb June
212,003
288,077
12,276
8,479
702,185
Memphis & Chas 2d wb June
628,418
21,593
23,778
{Mexican Cent... 2dwb June 149,279 125,543 3,450,753 3,081,007
{Mex. National. 2dwb June
72,133
82,015 1.785,512 1,907,715
JMexican R'way Wk May28
57,070
87,098 1,332,376 1,728,348
732.886
741.316
Milwaukee &No 3d wb June
36,051
34,400
5R334
52,633
Mineral Range.. May,
12,829
10,200
612,846
735,084
Minneap. &St.L. May,
142,578 134,275
774,374
M.St.P. &S.S.M. May,
198,571 142.932 1,121,638
Mo.Kan.&Tex.6 2d wb June 175,126 172,083 3,706,285 3,708,737
Mo.Pac.&IronM 2dwb June 483,000 403,000 11,162,468 10,411,915
264,189 276,177 1,398,596 1,461,876
M obile* Ohio.. May.
293,593
Monterey&M. G. April,
297,661
57,970
72,853
Nash.Ch.&StL.c May.
418,116 305,378 2,081,163 1,561,946
78.714
89,532
25,520
21,585
N. Jersey &N.Y. April,
72,396
58,905
13,802
15.938
New Orl. * So’n May,
16,538,642
fCN.Y.C.&H.R. May...... .. 3,643.403 3,474,437 17,683,810
N. Y. L. E. &W . April......... 2,495,235 2,234,032 9,432.908 8.751.994
N. Y. Pa. & Ohio April......... 576 334 516,619 2,242,007) 2,050,132
N. Y .& N .E n g.. March....... 475,537 481,950 1,360,888 1,345,771
188,145
198,274
45,286
48,334
N. Y. & North’n. May...........
73,434
57,117 1,390,374 1,217,086
N. Y.Ont & W.. 2dwk June
451,858
483,481
N.Y. Susq. & W.. April......... 134,939 126.933
142,439
43,663
Norf. & South’ n. April
Norfolk <sWest.. ¡2dwk June 198,031 196,972 4,148,112 3,870,773
319,326
271,868
70,833
N’ theast’n(S. C.) April
62.017
542,282 542.979 2,212,317 2,049,426
North’n Central. April
Northern Pacific 3dwb June 430,648 434,697 9,646.523 10,142,469
93,173 2,456,769 2,180.138
Wis. Ct. Lines. 3d wb June 121,817
N.P.&W.Cent. 3dwbJune 552,465 527,870 12,103,293 12,322,606
82,949 1,807,037 1,788,043
81,453
2dwk June
Ohio * Miss
256,157
268,473
14,968
15,125
Ohio River........ IstwbJune
229,624
262,306
29,934
42,632
Ohio Southern.. May..........
143,187
184,997
40,053
42,927
Omaha & St. L .. April.........
Oregon Imp. Co. April......... 305,335 293,906 1,164,407 1,209,506
26,034,756
Pennsylvania .. May........... 5,679,245 5,385,252 27,102,617
373,972
366,898
14,831
14,396
Peoria Deo. &E v. 2d wb June
191,277
192,472
52,994
53,166
P etersburg..... A pril.. . . . .
Phila. & Erie:.. April.. . . . . 409,795 386,533 1,467,690 1,370,061
6,344,733
Phila.&Read’g. April......... 1,701,441 1,610,326 7,038,022
Coal&IronCo. April......... 1,630,304 1,305,696 6,691,339 5,250,067
TotalbothCos. April......... 3,331,745 2,916,023 13,729,361 11,594,801
17,066
16,793
2,915
2,912
Pitts. Mar. & Ch. May...........
104,496
140,460
21,360
26,646
Pitt.Shen.*L.E. May..........
107,049
94,819
107,049
94,819
January...
Pittsb. & West’n
29,371
38,047
29,371
38.047
Pitts. Clev. &T. January...
15,589
15,116
15.589
15,116
Pitts.Pain.&F. January...
902,725
48,565 1,030,702
45,475
Total system 2dwb June
308,817
527,560
67,490
136,978
Pitt.Young.*A. May..........
155,758
88,512
20,693
11,937
Pt. Royal & Aug. April.........
166,418
101.877
31,652
17,197
Pt.Roy.& W.Car. April.........
44,261
49,000
11,548
16,200
Pres.&Ariz.Cen. May..........
102,230
108,518
20,406
17,710
Quincy O.&K.C. May...........
526,900
432.900
Rich.*Danville. January... 432.900 526,900
183.300
141,500
Vir. Midland.. January... 141,500 183.300
95,700
68.500
95,700
68.500
Char.Col.&Au. January...
90,900
71,600
90,900
71,600
Col. & Greenv. January...
82,500
63.500
82,500
63.500
January...
West. No. Car.
168.300
182.900
Georgia P a o.. January... 182.900 168.300
9,900
9,720
9,900
9,720
January...
Wash.O.* W..
14,000
11,700
14,0u0
11,700
Ashv. & Spart. January...
5,889,908
5,383,792
255,030
245,080
IstwbJune
Total Sys’m.
110.794
116,124
30,437
32.047
Rich. & Petersb. April.........
267,e39
93,818
6,056
14,325
Rio Gr’de South. 3d wb June
51,000 1,113,546 1,058.716
54.000
Rio Gr. W est.. 3dwk June
36,884
40,029
7,927
8,815
Sag.Tuscola&H. M ay....
596.446
627,092
25,090
31,590
St.L.A.&T.H.B’ s 2dwb June
8,293
14,935
1,87^
3,052
St. L.Ken’ et. & So M ay....
62,600 1,774,276 1,733,238
68.000
St.L. Southw’rn. 2d wx June
580,210
666,565
170,948
127,657
St. Paul & Dul’tb M ay....
584.446
532,159
138,952 123,586
San Ant.& A.P.. May. ...
3,551
2,1-5
550
319
Sandersv.* Ten. May----301,606
316,568
17.562
17,415
IstwbJune
8. Fran.&N.Pac.
195,912
187,068
37,166
39,339
Sav. Am. & Mon. May.........
983,979
924,447
298,769 338,087
Sav.Fla. & West. March___
28,17»
13,027
13,120
6,000
Silverton........... May.........
134,044
140,450
37,392
33,000
A
p
ril..
...
Sioux City & No.
54,382
14,347
South Bound... April.......
721.446
579.311
88.500 100,173
South Carolina . M ay........
37,010
47,352
9,416
7,557
Spar. Un. * Col. April.......
So. Pacific Co.—
370,824 342,699 1,403,521 1,334901
Gal.Har.&S.A. April.......
292,694
344,475
65,903
68,996
Louis’a West.. April.......
367,469 321,495 1,647,701 1,855,460
Morgan’ sL&T. April.......
48,496
65,226
14,781
19,094
N .Y .T .& M ex April.......
480,128
534.312
121,584 120,061
Tex. * N. Orl. April.......
4,043,417
4,040,779
953,672 871,574
Atlantic sys.cf. April.......
10,574.910
Pacitio system April....... 2,798,947 2,871,753 10,307,575
Total of all.. April....... 3,752,620 3,743,328 14,348,353 14,618,327
So Pao. RR.—
571,369
612,816
167,722 166,293
Coast Div (Cal.) April.......
633,668 528,679 2,357,342 2,016,036
Sou. Div. (Cal) A p ril........
649,738
621.316
Arizona D iv.. April....... . 163,164 166,463
341,195
332,070
90,639
87,915
New Mex. Div, April.......
1046
THE
L a t t i Mornings Reported.
lo m
Week or Mo
1892.
1891.
C H R O N IC L E
Jan. 1 to L a tti Mate•
1892.
1891.
9
S
$
$
331,342
94,051
339,359
94,000
Staten I»l. R. T. M ay.....
5.188
5,799
1,825
1,857
BtonyGl. ACMt.. A pril....
508,566
546,298
122,940 102,673
Summit Branch. M ay.__
372,784
411,286
82,934
92,908
Lykens Valley M ay.....
957,588
881,347
215,847 185,606
Tot’l both Co’s M ay.__
69,883
16,756
77,244
17,037
Term. Midland., M ay....
55,402
14,474
Texas Central.. March..
90.309 109,111 2,707,145 3,836,066
Texas A Pacific. 2dwk June
18,296
3,201
3,238
17.008
Tex.B.Vai AN.W. May----74,033
76,412
422,970
403,711
Tol. A. A.A N M. M ay....
5,502
142,994
154,365
5,833
ToL Col. A Cln. 3dwk June
30,757
28,401
672,0-3
625,058
Tol. A Ohio Cent. 3dwk June
16.786
433,278
17,267
398,666
Tol. P. & V e st.. |2dwk June
36.155
844,002
763.305
37,289
2dwk
June
A
K.C.
Tol. 8t. L.
2,057
10,347
2.133
9,893
Tol.&So. Haven May..........
30,304
101,157
31,729
91,272
Ulster A D e l.... ¡April.........
Union Paeiflc—
041,134 2,423,019
Or.S.L. AU. N. April......... 553,237 629,105
Or.Ry.&N.Co. April......... 324,512 433,752
207,905 1,665.841
Un.Pac.D.&G. IApril......... 417.443 388,078
688,227 1,537,503
333,534
35,386
519,105
15,215
StJo.&G’dlsl. :2dwk June
▲11 oth. lines.. April...........1,709,966 1,717,040! 6, 760,024 6,259,338
Tot.U.P.Sys. April.......... 3i,083.885 3,238.867 12 060,370 12,123,736
Oent.Br.AL.L. A pril..
60,012
85,746
403,619
206,403
Tot. cont’led April.......... 3 ,169,631 3,298,879 12 463,989 12,330,139
359,712
46,984
Montana Un.. A pril..
86,620
303.338
Leav.Top. A 8. A pril..
7,210
13,666
9,539
3,1271
3.751
Man.Al.A Bur. A pril..
3,391
13,239
12,537
Joint.own’d ,.. A pril..
53,862
97,221
385,914
326.115
Grand total. April......... ,218,242 3,325,810 12 ,656.946 12,498,197
52,685
14,446
56,534
Vermont Valley April.........I 15.825
,840,736 5,453,308
Wabash.............. 2dwk June 247,000 235,000
April.........
385,469
108,506
111,176
391,345
West Jersey......
455.120
97,679
88.826
434,638
W.V.Cen.&Pitts. May...........
34,377
227,765
189,460
Western of Ala. May..........
35,988
96,800
86,900
,334.037 1,371,389
West.N.Y. A Pa. 4thwkMay
23,752
25,114
8,698
WestVir.APitts. March.......
64,557
25,700
27,959
645,874
575,359
Wheeling A L. E. 3d wk June
375,166
68,968
299,515
76,069
Wil. Col. A Aug. April.........
5,915
5,018
27,706
38,298
Wriehtsv. A Ten May..........
* Figures «over only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System.
b Kansas City A Pacific included in both years, c Western A Atlan
tic included in 1892, but not in 1891.
d Includes earnings from fer
ries, etc., not given separately.
1 Mexican ourrenov.
f Figures
include Borne Watertown A Ogdensburg.
Latest Gross Earnings by W eeks,— The latest weekly
earnings in the foregoing table are separately summed up as
follows:
For the second week of June the final statem ent covers 77
roads and shows 8*36 per cent gain.
id week o f June.
1892,
1891.
Increase.
$
*
Prev’ly report’d <lOroads) 1,415,528 1,246,750
627,315
600,651
Atchison Top. A S. F e ...
38,153
36,786
Roads j ’tly owned **..
118,872
120,710
St. Lonis A S. Fran........
37,589
36,229
Roads J’tly owned **.
44,562
43,015
Balt. A Ohio Southwest’n
60,549
55,138
Buffalo Roch. A P ittsb...
62,024
89,240
Burl. Cedar Rap. A N o...
406,000
374,000
Canadian Pacific..............
160,l7i
157,3451
Chesapeake A Ohio........
7 1.305
70.427
Coloago A East. Illinois..
67.372
61,328
Chicago A Grand Truna..
84,582
102,918
Chic. St. P. A Kan. City..
32,903
31,466
Chicago A West Michigan
11,67«
12,061
Cincinnati Jack. A Mack.
135.501
137,989
Cin.N.O. AT.Pac.(5roads)
256,524
Cleve. Cin. Chic. A St. L
239,-96
31,302
27,268
Peoria A Eastern..........
38,679
38,226
Colorado Midland............
15,963
10.820
Col. Shawnee A Hocking.
2,936
2,71u
Current River..................
21,240
20,626
Detroit Gr. H. A M ilw ...
21,480
22,367
Detroit Lana. A Northern
48,455
50,905
Duluth S. 8. A Atlantic...
118,861
130,467
East Tenn. Va. A Ga.......
6,962
6,181
Evansville A Indianap...
22.872
20,904
Evans. A Torre Haute....
49.643
Flint & Pere Marquette.
52,548
7,8*10
4,633
Ft. Worth A Rio Grande.
46,701
Grand Rapids A Indiana.
44,368
8,780
7,041
Cincinnati R. A Ft. W ..
3,705
4.587
Other lines.....................
64,876
67,026
Intemat’l & Gt. North’n.
29,174
49,768
Jowa Central................ .
7,685
6,110
Kanawha A Michigan___
4,915
4,818
Kansas City Clin. A Spr..
73,836
77,106
Kan. City Ft. S. A M em ..
18,137
15,629
Kan. City Mem. A Birm.
6,211
6,706
Keokuk A Western..........
59,949
56,319
Lake Erie A Western___
8,882
10,399
Little Rock A Memphis..
24,156
LouiBV. Evansv. A Bt. L..
26,840
390,385
333,315
Louisviile A Nashville...
64,000
56,814
Louis. N. Albany A Chic.
12,276
8,479
Louisv. St.Louis A Texas
21,593
Memphis A Charleston...
23,778
149.279
125,543
Mexican Central.............
72,133
82,015
Mexican National............
175,126
Mo. Kansas A Texas.......
172,083
483,000
403,000
Mo. Pacific A iron M t...
198,031
196,972
Norfolk A Western .......
461,640
448,377
Northern P a cific..,........
123.059
90,913
Wisconsin Centr al lines
81,453
Ohio A Mississippi..........
82,949
14,396
14.!- 31
Peoria Dec. A E va n sv...
45,475
48,56s
Pittsbuig A Western.......
55,000
50,006
Rio Grande Western.......
35,386
15,216
Bt. Joseph A Gr. Island..
31,590
25,090
St. L. Alt. A T. H. Br’ohes
68,000
62,600
St. Louis Southwestern..
90,309
Texas A P acific...............
109,111
17,267
Toledo Peoria A West’n..
16,786
37,289
Toledo St. L. A Kan. City.
36,155
Wabash.............................
247,000
235,000
9
170,731
26.664
1,367
1,838
1,360
1,547
5,411
27,216
32,000
2,829
878
6,044
18,336
1,437
Total (77 roads!............ 7,314,779 3,750,73i
Wnf
/P
?' r\ j
634,383
564.013
16,628
4,034
453
5,143
226
614
1,968
3,227
2,333
1,739
20,594
1,575
67
2,508
3,630
57.070
7.186
3,797
23,736
3,043
80,000
1,059
13,263
32.146
»,000
20,171
6,500
5,40«
481
1,134
12,000
Decrease.
9
1,953
[VOL. LTV,
Only 11 roads have reported for the third week of June
and these show a gain of 11 *89 per cent.
3d week o f June.
1892.
Chicaeo Milw. A St. Paul.
Denver A Rio Grande...
*Grand Trunk of Canada.
Milwaukee A Northern..
Northern Pacific.............
Wisconsin Central.......
Rio Grande Western___
Toledo Col. A Cincinnati.
Toledo A Ohio Central...
Wheeling A Lake E rie...
$
613.863
171,500
363,698
112,892
34,400
430,648
121,8 L7
54,000
5,-33
30,758
27,959
1891.
9
489,249
163,000
330.019
109,404
36,051
434,697
93,173
51,000
5,502
28,401
25,700
Total (11 roads)........... 1,967,368 1,766,196
Net increase (11 39 p. c.).
* For week ending June 18.
Increase.
9
124,614
8,500
33,679
3,488
28,644
3,000
331
2.357
2,259
206,872
201,172
Decrease.
9
1.651
4,049
5,700
Net Earnings M onthly to Latest Dates.— The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the Chronicle of June 18. The next will appear in the
issue of July 23.
,— Gross Earnings— ,,-----Net Earnings.------■.
1892.
1892.
1891.
1891.
»
Roads.
9
$
9
Col. H. V. A T ol....b A pr.
285,929
123,361
109,81»
250,679
Jan. 1 to Apr. 3 0 ;..
990,022
387,826
360,343
864,587
18,161
52,762
18,914
Elgin Joliet A E ... a. Apr.
68,859
273.132
206,932
68,857
Jan. 1 to Apr. 3 0 ...
82,179
239,942
526,644
168,364
July 1 to Apr. 3 0 ...
690,250
54,584
20,740
Jack. Tam. A K. W...May
56,120
21,063
207,794
195,251
Jan. 1 to May 3 1 ...
419,277
404,642
240,85»
734.388
660.412
327,885
July 1 to May 3 1 ...
6,955
Kanawha A M ich...Apr.
31,610
28,985
11,215
411,983
344,024
Mo. Pae. Alron Mt. .bApr. 1,958,429 1,929,375
Jan. 1 to Apr. 3 0 ... 8,339,556 7,697,419 1,834,460 1,668.670
Penn, (east P. A E.). May 5,679,245 5,385,252 1,665,133 1,718,382
Jan. 1 to May 31...27,102,617 26,034,756 7,694,014 7,650,529
I n c . 288,195
Deo. 253,935
Lines west of P.AE.May
I n c . 265,399
Jan. 1 to May 3L...
In e. 2,235,530
I
n
o
.
147,873
61,661
Pitts. C. C. A St. L ...M ay
Deo.
In e . 830,651
In c.
89,369
Jan. 1 to May 3 1 ...
20.614
31,111
San Fran.AN P ao..aM ay
76,380
75,910
299,153
284,044
56,«16
66,08»
Jan. 1 to May 3 1 ...
249.556
751,443
279,925
808,287
July 1 to May 3 1 ...
39,339
13.334
37,166
11,772
Sav. Am. A M ont...M ay
195,912
74,141
187,068
65,736
Jan. 1 to May 3 1 ...
456,679
172,413
193,893
July 1 to May 3 1 ...
455,525
12,662
122,940
102,673
4,312
Summit Branch.......May
40,412
508,566
51,938
Jan. 1 to May 3 1 ...
546,298
4,000 def.4.178
82,934
92,908
Lykens Valley.......May
17,606 dei.7,290
372,784
411,286
Jan. 1 to May 3 1 ...
16,662
215,847
185,606
134
Total both Co’ s __ May
69,564
957,583
33,116
Jan. 1 to May 31..
881,347
752
2,453
2,177
1.011
Tol. A So. Haven.......Apr.
1,903
8,215
2,756
Jan. 1 to Apr. 3 0 ...
7,836
a Net earnings here given are after deducting tares,
Net earuings here given are before deducting taxes.
b
382
2,4.83
887
2,450
11,606
781
2,905
In terest Charges and Surplus.— The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, & c., with the surplus or deficit
above or below those charges.
s—Inter’ t. rentals, dtc.—, r-Bal. o f Net Earns,—.
1892.
1891.
1892.
1891.
$
$
Roads.
$
$
225
def.26,658
37,872
37,872
Peoria A Eastern....Apr.
65,211 df. 152,967
July 1 to Apr. 3 0 ...
378,773
380,503
3,431
13,819
17,183
17.2H2
San. Fr. A No. Pac.-May
59,174
189,049
190,382
90,876
July 1 to May 3 1 ...
ANNUAL REPORTS.
882
2,150
Ohio R iver R ailroad.
( For the year ending December 81, 1891. J
3,270
495
1,517
2,684
2,185
9,882
1,496
435
3,090
18,802
70.340
The report of Mr. G. W . Thompson, President, says that the
gross earnings for 1891 were $706,966, an increase of $35,944
compared with the year 1890. A n increase of $46,291, how
ever, in the operating expenses, 45 per cent of which is on
account of maintenance of way and structures— occasioned
principally by the flood of February— decreased the net earn
ing $20,296, compared with the previous year. The total ton
nage carried in 1891 shows an increase over 1890 of 62,534
tons, or 17‘57 per c nfc; the total tonnage one mile increased
88‘45 per cent. The average rate per ton per mile was, in
1891, 0 663 cent as against 0 ‘829 cent in 1890, a reduction of
0 ‘166 of a cent. A s compared with last year’s business, the
gain from increased tonnage moved is $123,655. The reduc
tion of 0 ‘166 of a cent in the average rate per ton per mile—
which was caused by an increase of through business, the
same rate as the previous year having been maintained on all
local business— resulted in a loss in revenue of $89,015, leav
ing a net gain of $34,640, or 10 79 in freight earnings. Passen
ger earnings show a decrease of $6,607, or 2 ‘21 per cent, the
result of a decrease in the number of passengers carried, and
a slight reduction of the average rate per mile. Tne number
of passengers carried decreased 19,242, or 4 ’82 per cent, com
pared with 1890.
Earnings, expenses and charges for four years were as fol
lows •
THE
JU NE 2 5 , 1 8 0 2 .}
C H R O N IC L E .
EAHNINQS, EXPENSES AND CHARGES.
1883.
Earnings—
$
Passenger............................. .216,095
Nreight........ ...........................210,139
M 11, express, «fee....:........... 45,571
1889.
$
248,939
289.922
50,908
1890.
$
293.293
320,745
61,934
1891.
$
291,686
355,385
59,896
Total.................................. 471,805
Operating expenses &taxes.269,883
589,769
3 1 3,229
680,972
397,369
706.967
438,030
Net earnings..................... 201.922
Deduct—
Interest...................................196,813
Rentals..................................... 1,650
Car trust, interest & misceli.
___
276,540
283,603
268,937
220,836
4,228
....
221,400
7,027
141
222,839
7,010
16,039
Total.................................. .198,468
Surplus................................... 3,454
225,064
51,476
2^8,563
55,035
245,888
23,049
GENERAL IN V E ST M E N T N E W S.
Atchison Topeka & Santa Fe.— Vice President Reinhart
says: “ The Atchison Topeka & Santa Fe Railroad Company
Union Trust Company negotiable certificates, listed June 22
on the New York Stock Exchange, are directly convertible
into the new second mortgage bonds, Class A , of the Atchi
son Company, when ready, which draw interest from July 1
prox. This negotiable certificate will be quoted in the market
a t 2% per cent less than the income bonds, for the reason
that the latter carry the Sept. 1 coupon, 2 ^ per cent interest
for the year to June 80th inst., while the negotiable certifi‘Cates represent income bonds converted, upon which the Sept.
1 interest coupon has been provided for in a certificate pay
able Sept. 1. The first coupon on second mortgage bonds,
Ulass A , is that of Oct. 1, 1892, carrying three months’ interest
from July 1 prox. After October 1 the coupons are semi
annual, being payable October and April. The income bond
conversion plan under circular No. 68 is already an assured
success and could be declared so now by the Board of Direct
ors. There has not been one single instance o f dissent to the
plan. The bond deposits in London, Boston and New York
average from $1,500,000 to $2,000,000 daily.”
The application to the New York Stock Exchange says that
■owing to the short limit of time it has been necessary to use
type-printed certificates pending the preparation of the usual
engraved bonds, which work is going on as rapidly as possible.
The Stock Exchange has ordered that these printed certificates
o f the Union Trust Co. constitute a delivery when counter
signed by the Hanover Nat. Bank.
B rooklyn City R ailroad.— Stockholders of the Brooklyn
C ity Railroad Company will hold a special meeting soon
and increase the capital stock of the company from $6,000,■000 to $12,000,000, to pay for electric motors and cars, recon
struct the road and erect and equip power houses. The stock
holders will have the option of subscribing for the additional
increase of stock at par in proportion to their holdings.
Called Bonds.— The following bonds have been called for
p a y m e n t:
C hicago Burlington & Quincy (Burlington & Missouri
R iver R ailroad Co. in N ebraska Non-Exempt Six P er
C ent Bonds, D ue J uly 1,1918.)— Bonds for $1,000 each num
bered as follows :
4415,4463.4645, 4779, 4942, 5039, 5344, 5691, 5830, 5954, 5965,
6072,6134,6337, 6467, 6673, 6804, 6997, 7015. 7162,7188, 7226,
7235,7259, 7358, 7400, 7641, 7650, 7685, 7687, 7727,7884, 7960,
7977, 8021, 8089, 8092, 8355, 8462, 8468, 8566, 8568, 8608, 8674,
■8910, 8914, 9071,9108, 9166,9203, 9224, 9272, 9444, 9476, 9588,
■9623, 9646, 9656, 9821, 9879, 9882, 9929, 9994,9999, 10008, 10010,
10143, 10175, 10351, 10362, 10458, 10500, 10811, 10774, 10858,
10874, 11033, 11111, 11114.
Bonds for $600 each numbered as follows :
1107,1158,1344, 1587, 1758, 1852, 1878, 1894, 1962, 1992, 2004,
■2060, 2111, 2185, 2241, 2276, 2293, 2317.
The above bonds will be paid by the New England Trust C o.,
Boston, on the first day of July, 1892, with accrued interest
to that date, after which interest will cease.
P aducah & Elizabethtown RR. Company.—First mort
gage sinking fund bonds Nos. 3, 26, 82, 85, 94, 99, 181, 209,
339, 254, 302, 350, 365 have been drawn for redemption and
will be paid on presentation at the office of W illiam Mahl,
Room No. 8, Mills Building, No. 23 Broad Street, on the first
«day of August next, when interest will cease.
Central A South Am erican Telegraph.— This company
has declared a quarterly dividend of 1% per cent, payable
July 2. The company issues a circular offering to sharehold
ers until July 15 the right to subscribe at par for $1,500,000
construction certificates convertible into stock, holders of
100 shares to have the right to take 23 per cent of the new
issue. Certificates are exchangeable into stock within three
years after the completion of work. It is now proposed to
duplicate the cable between Safina Cruz, Mexico and Chorillos, Peru, by way of San Juan del Sur, Nicaragua, and Santa
Elena, Ecuador, at an expense not exceeding $1,500,000.
Central New England & Western.— The announcement
was made this week in Philadelphia that the Central New
England & Western bondholders’ committee had succeeded
in getting every bondholder into the scheme, and that the
property will be turned over to the Reading Company with
out further action.
Cincinnati H am ilton A Dayton— Cincinnati Jackson &
M ackinaw .— A t the meeting of the stockholders of the Cin
cinnati Hamilton & Dayton Railroad, to be held at Cincinnati
on July 18, the lease of the railroad property and .franchises
«cf the Cincinnati Jackson & Mackinaw will be voted on and
10I7U
the subject of authoriziug the C. H . & D. to guarantee the
payment of the principal and interest of $4,800,000 4 per cent
gold bonds of the Cincinnati Jackson & Mackinaw Co. will
be considered and acted upon. The transfer books of the
company will close July 8 and re-open July 19.
Chicago A Northern Pacific.— This Company has listed
this week on the New York Stock Exchange an,, additional
$1,484,000 of bonds, issued and used for the following pur
poses:
Issued aud used under subdivision (d) of Artide I I ............... $500,000
Issued under subdivision (e) o f A rtide II. and used under
A rtide I I I ...................................................................................
984,000
T o t a l.................................................... ................................. $1.484,000
The purposes and amounts for which the $984,000 of the
bonds were used under Article III. of said mortgage are for
new yards, additions to Central Avenue yard, and numerous
side tracks to industries, additional real estate for right of way
and yards, construction work, in double tracking two miles
and completing double track road with bridges, from
Eighty-third Street to Ogden Avenue, etc.
An abstract of the mortgage may be found in the Chron
files, volume 52, page 465.
icle
Chicago Great W estern .— A t the special meeting held in
Chicago on the 20th inst. of the stockholders of the Chicago
Great Western Railway Company, the leasee of the Chicago
St. Paul & Kansas City Roa i, the proposition to increase the
capital stock from $90,000,000 to $100,000,000 was carried.
The new stock will be first preferred four per cent cumula
tive, making $40,000,000 of this class and $30,000,000 each of
the other two classes. Chairman Stickney, of the Board, sub
mitted a report which was approved. The proceeds from the
sale of the additional stock will largely be used in improving
the road and in buying new equipment.
Cleveland Lorain A W h eelin g.— The controlling interest in
the Cleveland Lorain & Wheeling Railroad has been sold to a
syndicate composed of H . F. Shoemaker and his associates.
The Cleveland Leader says: “ Judge J. A . Tyler, general coun
sel of the road, has of late spent considerable time in New
York negotiating with the syndicate, and has succeeded in
selling the control of the $4,600,000 preferred stock at about
eighty-seven cents on the dollar, in order to assist in the set
tlement of the estate of the late Selah Chamberlin. Besides
the preferred stock, there has been issued $1,000,000 in com
mon stock, and the road is bonded for $700,00j. Large and
valuable coal interests along the fine are controlled by the
company, this including the ownership of about 4.000 acres of
mining territory.” The Lake Shore Railroad holds $774,400
preferred and $169,100 common stock, which is a large
minority interest.
General Electric To.— Edison General Electric Go.—
Thomson-Houston Electric Co.— The General Electric Com
pany was organized April 15, 1892, and has taken over the
Thomson-Houston Electric Co. and the Edison General Elec
tric Co. It has listed this week on the New York Stock E x
change its preferred and common stocks. The comprehensive
statement made to the Exchange in the application is an im
portant one and is given at length on another page, where it
may be conveniently referred to at any time hereafter in the
Chronicle volume, as it is indexed there as well as in the I n
vestors’ Supplement. The present output capacity of the
Thomson-Houston is $15,000,000 per annum ; that of the Edi
son General is $20,000,000. The latter company also controls
the Edison Electric Light Co., which owns the Edison Light
patents. Balance sheets of the respective companies will be
found in the application.
The New York Guaranty & Indemnity Company gives no
tice to the holders of trust receipts issued by the New York
Guaranty & Indemnity Company for stock of the Edison
General Electric Company and common stock of the Thom
son-Houston Electric Company, deposited under stockholders’
agreement, dated February 9 last, that on and after June 23
they will be prepared to deliver to the holders of trust re
ceipts issued by it the corresponding new securities, as men
tioned in their advertisement. The books for the said trans
fer of said trust receipts wi 1 be permanently closed on A u g
ust 1 next.
Kansas City W yandotte A Northwestern.— A t a recent
meeting of the old directors they all resigned, and a new board
was elected in the Gould interest. It is understood that the
minority interest in the bonds has not been able to come to
an agreement with Mr. Gould, and that the latter will proceed
with the foreclosure proceedings with view to an early sale.
Missouri Kansas A Texas.— The special act of the Texas
Legislature which terminated all differences between the Reorganization Committtee and the State authorities authorizes
the company to build 500 miles of road within the State of
Texas, and to issue bonds upon the same at the rate of $ .i0,000
per mile and stock at $10,000 per mile.
A charter in accord
ance with this act has been filed, providing for extension* of
the system as follows: From Sherman to Fort W orth, 80
miles ; from Henrietta to Wichita Falls, 18 miles ; from
Waxahachie to Trinity, 140 miles; from Colmesneil to Sabine
River, 40 miles; from Lockhart to Smithville, 80 miles; from
Copeland to Austin, 26 miles; from Boggy Tank to Houston,
80 miles; from Pattison to Velasco, 80 miles.
No ac
tion has yet been taken under the amended charter,
mor is any immediately contemplated except the ex
tension at an early date of the terminus of the fine, which
now ends at Boggy Tank, to Houston. Should any issues of
10i8
THE
C H R O N IC L E .
stock be made under this act they must in accordance with
it be deposited with the Central Trust Company of New York,
as trustee, as.security for the existing stock and bond holders
o f the M. K . & T. Company.
New York & New England.— The Boston Traveler says:
“ Enough New York & New England stock has, it is claimed,
now assented to the five-year voting trust to make the ar
rangement operative, and a formal announcement of the fact
is 'expected sbon.
i „ a
>
The nlan for the five-year voting trust of the N . Y .
& N. E. RR. Co is now well understood.
Heretofore
the repeated changes of management to which it has
been subjected has naturally had a bad effect upon its
credit and its business. Railroad men have been averse
to entering its directory and to taking a hand in the
direction of its affairs because o f the uncertainty as to their
retention for a sufficient length of time to demonstrate what
the road could do. Now President Parsons and his associates,
who have taken hold of the property for the purpose of devel
oping it to the greatest possible degree, ask the stockholders
to give them assurance for a term of five years that their
policy shall be maintained, believing, as they do, that in this
time they can bring the property up to a much higher degree
of prosperity and success. Ex-President Boatwick and some
of his following are reported to have resigned from
the directory, and Mr. Parsons, it is said, will soon
have a harmonious board. A day express has been put on
the N. Y . & N. E. between Boston and Philadelphia, via the
Poughkeepsie Bridge. Train service has greatly increased,
and the traffic is handled in far better
shape.
The
mortgage under which the new $25,000,000 of bonds is
to be issued has been executed and filed in Hartford and
other places. In the 6uit of Goldsmith et al. for a perma
nent injunction against the issue of these bonds the papers are
returnable in the Superior Court in Hartford on the first
Tuesday of September.
New York Stock Exchange— New Securities Listed.— The
Governing Committee of the New York Stock Exchange have
added to the lists for dealings the following :
A t c h is o n T o p e k a & Sa n t a F e R a i l r o a d .—Union Trust Company’s
engraved certificates of deposit for income bonds.
B r o o k l y n E l e v a t e d R a il r o a d .— $148,000 additional Union Ele
vated RR. first mortgage guaranteed gold six per cent bonds, making
the total amount listed $6,148,000.
C h ic a g o & N o r t h e r n P a c i f i c R a i l w a y .—$ 1 ,4 8 4 ,0 0 0 a d d itio n a l first
m o r t g a g e g o ld fiv e p e r c e n t b o n d s o f 1 9 4 0 , m a k in g t h e t o ta l a m o u n t
lis t e d $ 2 4 ,9 1 5 ,0 0 0 .
C h ic a g o G a s L ig h t a C o k e C o m p a n y .—$ 5 5 8 ,0 0 0 a d d itio n a l first
m o rtg a g e g u a r a n te e d g o ld fiv e p e r c e n t b o n d s o f 193 7 , m a k in g th e to ta l
a m o u n t liste d $ 8 ,9 0 8 ,0 0 0 .
E d is o n E l e c t r ic I l l u m in a t in g Co m p a n y o f N e w Y o r k .— $900,000
additional capital stock to be added on July 2, making total amount
listed $5,400,000.
G e n e r a l E l e c t r ic C o m p a n y .— $29,847,100 common stock and
$4,024,400 preferred stock, the latter to be added July 1. The Com
mittee on Stock List is empowered to place on the list as issued $612,900 additional common and $227,600 preferred stock.
I l l in o is C e n t r a l R a il r o a d .—$ 3 ,0 0 0 ,0 0 0 four per cent gold Cairo
Bridge Bonds of 1 9 5 0 .
L i t t l e R ock & M e m p h is R ailroad .—$3,250,000 first moitgage
five per cent gold bonds of 1937»
N e w Y o r k B r o o k l y n & M a n , B e a c h R R .—$ 1 6 ,0 0 0 a d d itio n a l
firs t m o r tg a g e c o n s o l, fiv e p e r c e n t g o ld b o n d s, m a k in g th e t o ta l
a m o u n t lis te d $ 8 8 3 ,0 0 0 .
P i t t s b u r g S h e n a n g o & L a k e E r i e R a i l r o a d — $260,000 addtional
first mortgage gold fives of 1940, making the total amount listed $3,000, 000.
S a v a n n a h A.w£jticus & M o n t g o m e r y R a i l w a y .—$60,000 addi
tional first m o rta g e gold six per cent bonds of 1919, making the total
amount listed $3,350,000.
N orthern Pacific.— The Northern Pacific Railroad directors
have made a contract with the Northern Pacific Steamship
Company, which was organized to establish an ocean line
between Tacoma and China and Japan ports. The contract
is for ten years and provides for an exclusive exchange of
business between the two companies. It is an English corpo
ration, and its first three steamers were formerly in the service
of the Cunard and the Guion lines. It is proposed to have a
monthly service between Tacoma and the Chinese waters at
the start, but eventually a tri-monthly service will be estab
lished. The first voyage of the new line was made by the
Phranang, which sailed from Hong Kong on May 21 and
reached Tacoma on the 17th inst.
Oregon Im provem ent Co.— A t the annual meeting of the
Oregon Improvement Company of Portland, Ore., the folio ving directors were elected : W . H . Starbuck and C. B. Tedcastle, of New York ; F. H . Prince, of Boston ; C. A . Dolph,
W illiam M. Ladd, Henry Failing, Joseph Simon, C. H . Lewis
and Jonathan Bourne, all of Portland; M. Y . B. Edgerly, of
Springfield, Mass., and C. J. Smith, of Seattle, W ash. Offi
cers— W . H . Starbuck, President; C. A . Dolph, Vice-Presi
dent; C. J. Smith, General Manager. The report for the year
ended Nov. 30,1891, was given some time since in the Ch r o n
ic l e .
Richm ond & D an ville.— The receivers of Richmond & Dan
ville deposited with the Central Trust Company $148,750 for
the payment of interest upon the Atlanta & Charlotte securi
ties. This action has been ordered by the Court. Regarding
the other securities on which interest is due July 1, the receiv
ers say that it will be paid.
Richm ond & W est P o in t Term inal.— The Richmond Ter
minal & W est Point Railway & Warehouse Company was
placed in the hands of a receiver on Wednesday, June 22.
The application was made to Judge Brown in the United
States Circuit Court in New York, and W alter G. Oakman
was appointed receiver. The application was made by those
who are friendly to the company, and the Richmond Terminal
[VOL. L I V .
stock was firmer after the announcement was made.
The
application for the receiver was made through W illiam N.
Cohen, of Hoadley, Lauterbach & Johnson, counsel for the
Richmond Terminal Company. The creditors who asked for
the appointment of Mr. Oakman are W illiam P. Clyde, John
C. Maben, W . H . Goadby, H. C. Fahnestock, John A . Rutherfurd, W alter Rutherfurd, Gouverneur Morris, and Frederiek
W . Huidekoper and Reuben Foster, receivers of the Richmond
& Danville Company. The application after explaining the
relation of the defendant company to the constituent compa
nies and the exact financial condition of the system, its liabil
ities, etc., reads:
“ The defendant company is without money or hope thereof;
the interest due on the bonds of the company on August 1 and
September 1 will be defaulted upon. Its property is likewise
liable upon more than $5,500,000 floating debt, which the
makers cannot pay, some of which is already past due, and
most of it will be presently in default. A ll of the emergency
loan of about $600,000 is past due and in default, and the de
fendant company is liable to be sued and its property seized
by attachment for such debt.”
The complainants also said that besides the $600,000 emer
gency loan the defendant company was indebted to divers
creditors for $20,000, upon which no security was held, also
for $100,000 on demand notes for which divers of its stock and
bonds were pledged. There were also judgments in favor of
W . P. Hyde for $30,115 and J. C. Mabin for $15,065. The
applicants were also said to be holders of the common and
preferred stocks of the defendant company, owing $200,000 of
the emergency loan and more than $1,500,000 of the 6 per
cent and 5 per cent trust bonds.
A s the receiver appointed is the President of the Richmond
Terminal there will probably not be any change in the man
agement. A t the Richmond Terminal office the directors
gave out the following statem ent:
“ The application to Judge Brown of the United States
Circuit Court, on which W . G. Oakman, heretofore Presi
dent of the Terminal Company, was appointed receiver, was
made by parties largely interested in the securities of the com
pany, and who have been and are entirely friendly to it, and
the move is regarded by them, as in the present position of
affairs, indispensible to conserve and protect all interests both
in the Terminal Company and in the whole system.
This
action was rendered necessary just as was the placing of th*
Richmond & Danville Railroad Company in the hands of
receivers by the unprecedented and hostile action of Judge
Speer, of the Eastern District of Georgia.”
The W orld remarks: “ An interesting episode of the busy day
in Richmond Terminal was the sale of a lot of pledged secur
ities by the City Bank to secure a time loan made to the
Richmond & Danville Company. The receivers sent a formal
protest against the sale, and this notice acted as a cloud on
the title of the securities. The result was that they went at
absurdly low rates.
“ The" loan was $100,000, and the batch of collateral, with
their market and auction prices, stands as follows :
Market ,— Prices and— ,
valiie. Amount realised.
ten$50,000 E. T. Va. <& Ga.
$12,500
25
...... $31,500
1st
12,500
50
...... 17,000
15,860
26
....... 27,450
$61,000 R. T. Collateral '
12,350
....... 27,300
35
$35,000 R. & D. Consol.
1,600
6
....... 5,400
$10,000 Ga. Pac. Consal.
6,000
30
....... 5,000
...$113,650
Total.............................................................$113,650
$60,810
“ The nominal buyers were E. W . W ilson & Co., though it
was understood that the City Bank bought in the securities
and that they were sold merely to prevent such an unbusi
nesslike entry in the bank’s hooks as the carrying along of
an overdue time loan.”
St. Louis & San Francisco.— The Massachusetts State Su
preme Court has dismissed the complaint of Kim ball, et al,
against the St. L. & San Fr. RR. Co. et al, in which the
plaintiffs, as holders of first preferred stock, sought to enjoin
the company from issuing $50,000,000 of bonds. The Supreme
Court holds that the plaintiffs must seek their remedy in the
Missouri courts.
Tw in City Rapid Transit.— This company owns and oper
ates under exclusive charters all the street railway lines i n .
Minneapolis and St. Paul. The entire system now consists of
205 miles of road, of which 190 miles is electric and 15 miles
cable, all of which has been recently built or re-built and thor
oughly equipped. A double-track electric line, 9 miles long,
connects the business centers of the two cities. The gross
earnings for 1891 were $1,820,592, and the surplus over ex
penses and interest charges was $310,974.
W abash.— The W abash is pushing the construction of its
Chicago extension, which will give the company its own
through line from Detroit to Chicago. ' The length of the ex
tension is 154 miles, being nearly an air line between Montpelia on the main line of the W abash and Hammond near
Chicago. It is expected to complete the road late in the year
and to get it into operation not later than January. The com
pany have owned for some years a tract of about seventy
acres near Auburn, about nine miles from Chicago, which
will now become available for terminal and transfer purposes.
On another page of this issue is given an abstract of the
mortgage covering the Chicago extension and providing for
the issue of 50-year 5 per cent gold bonds, j
^
.
J une 25, 1892.]
THE
C H R O N IC L E .
and documents,
THE WABASH RAILROAD COMPANY.
D E T R O IT A N D C H IC AG O E X T E N S IO N .
FIRST M ORTGAGE, SECURIN G F IV E PER CENT GOLD
BONDS D ATED J U L Y 1, 1891, D U E J U L Y 1, 1941.
DATE.
July 1, 1891.
PARTIES.
The W abash R ailroad Company , party of the first part,
and the Central Trust Company of N ew Y ork and Charles
B . Stuart, of the State of Indiana, Trustees, parties of the
¿Second part.
|
PREAMBLE.
n W hereas, The W abash Railroad Company is now con
structing a line of railroad from Montpelier, W illiam s County,
,'Ohio, in a westerly direction to a point at or near Hammond
J in the State of Indiana ; and for the purpose of raising funds
with which to construct, equip and complete said line has, in
pursuance of a resolution of its Board of Directors and with
the approval of a majority in interest of all its stockholders,
executed three thousand five hundred bonds, all which are in
substantially the form following, to w i t :
No.........
$1,000.
U m it e d St a t e s
of
A m e r ic a .
The Wabash Railroad Company.
F ir s t M o r t g a g e B o n o — D e t r o it
and
C h ic a g o E x t e n s io n .
On tlie first day of July, one thousand nine hundred and forty-one,
for value reoelved, the Wabash Railroad Company, a consolidated cor
poration organized under the laws of Michigan. Ohio, Indiana, Illinois
and Missouri, promises to pay to the Central Trust Company of New
York, trustee, or bearer, at its office or agency in the City of New York,
One Thousand Dollars, in gold coin of the United States of the present
weight and fineness, with interest thereon at the rate of five per cent
per annum, payable semi-annually in like gold coin, on the first days of
January and July in each year, on presentation and surrender of the
annexed coupons as they severally become due.
This-bond is oue of a series of three thousand five hundred bonds of
like tenor and date, numbered from one to three thousand five hun
dred, the payment of the principal and interest of which is equally
««cured by an indenture of mortgage or dead of trust conveying to
said trustee the entire railroad of said Wabash Railroad Company,
commencing at Montpelier, in the State of Ohio (at the point where it
connects with the road of said company extending to Detroit), and ex
tending from thence to Hammond, Indiana, where it connects with the
tracks of the Chicago & Western Indiana Railroad Company, as said
railroad now is or may be hereafter located, constructed, maintained
or operated, together with all the franchises, appurtenances, property
and incomes thereof, and all the cars, engines, rolling stook and ma
chinery purchased or to be purchased with the bonds of this series, or
the proceeds thereof.
S h o u ld d e fa u lt b e m ad e a n d c o n tin u e f o r s ix m o n th s in th e p a y m e n t
o f a n y in te r e s t d u e h e r e o n , th e p riD oip a l h e r e o f m a y , a t th e o p t io n o f
th e h o ld e r h e r e o f, b e d e cla re d a n d b e c o m e d u e in th e m a n n e r a n d w ith
th e e ffe ct p r o v id e d in sa id m o rtg a g e .
This bond shall not beoome obligatory upon the oompany until the
certificate endorsed hereon shall have been signed by said trustee.
This bond shall pass by delivery or by transfer upon the books of the
company in the City of New York. After registration of owoership
certified hereon by transfer agent of said company, no further trans
fer, except on the books of the company, shall be valid, unless trans
ferred on said books to bearer, after which it shall pass by delivery as
at first, but it shall continue subject to successive registrations and
transfers to bearer at the option of each holder.
I n w it n e s s w h e r e o f said company has caused its corporate seal
to be hereto affixed and this obligation to be signed by its President
and attested by its Secretary, this first day of July, A. D. 1891.
T h e W abash R
a il r o a d
Co m p a n y ,
By........... .......
Attest.
President.
Secretary.
[T r u s t e e ’ s C e r t i f i c a t e .]
This certifies that this bond is one of a series of three thousand five
hundred, all of which are, equally secured by and mentioned in the
mortgage within referred to.
C e n t r a l T r u s t C o m p a n y o f N e w Y o r k , Trustee,
B y ................................................
Vice-President.
PROPERTY CONVEYED.
Now, therefore, this indenture witnesseth that, to secure
■equally the payment of the principal of said three thousand
five hundred bonds, and no more, and also to secure the inter
est thereon and the performance of the several covenants
herein expressed, etc., the said railroad company by these
presents doth transfer unto the trustee hereunder all the fol
low ing described property, to wit : A ll the railroad, roadbed
and right of way as the same now is, or may be hereafter
constructed, owned or acquired, extending from said town of
Montpelier in the County of Williams, State of Ohio, in a
westerly direction through said County of W illiam s, in the
State of Ohio, and through the counties of Steuben, Lagrange,
Noble, Elkhart, St. Joseph, La Porte, Porter and Lake, in the
State of Indiana, to a connection with the tracks of the
Chicago & Western Indiana RR. Co., at er near Hammond,
Indiana; together with all the bridges, side traoks, yards,
structures, water tanks and fixtures,.shops, engine or other
houses, depots, turn-tables, engines, cars, maohinery,
tools, rolling stock, lots, lands, buildings, offices and other
things, real and personal, now owned or used, or that
m a y be hereafter owned or used in connection with
said line o f'ra ilro a d ; and also all leaseholds and contract
rights, and all the franchises, powers and chartered, or other
privileges, of said Wabash Railroad Company which are now
held and used, or that may be hereafter ^acquired or held and
1(M9
used in connection with the operation or maintenance of said
line of railroad, to have and to hold in trust.
DEFAULT OF INTEREST FOR SIX MONTHS—TRUSTEES MAY
TAKE POSSESSION.
In case of default for six months in the payment of any in
stalment of interest on any of said bonds, it shall be lawful
for the trustees to take possession of and operate the railroad
and property hereby conveyed, and after deducting operating
expenses, taxes and cost of needful improvements, they shall
apply the remaining moneys arising therefrom, ratably, to
the payment of the interest on said bonds in the order in
which the same shall have become due, and when all the in
terest so in default shall have been paid then they shall re
store the possession of said railroad to the railroad company,
OR THE HOLDERS OF A MAJORITY OF THE BONDS MAY DE
CLARE THE PRINCIPAL DUE.
Or in case of default as aforesaid, if the holders of a m ajor
ity of said bonds at the time outstanding shall so determine,
and shall give notice to the trustees in writing that they de
sire the principal of said bonds to become due and payable at
once, then the principal of said bonds shall thereby and from
the date of the giving of such notice be due and payable.
DEFAULT IN PAYMENT OF PRINCIPAL—PROPERTY MAY BE
SOLD.
I f the principal of said bonds shall become due either
according to th-ir terms or upon notice as above provided,
and shall not be paid by said first party, then upon a written
request from the holders of a majority of said bonds at the
time outstanding, said trustees shall take possession of all
the property and franchises hereby mortgaged, and shall—
after first giving at least sixty days’ notice of the time and
place of sale— sell the same at public auction to the highest
bidder, at some place in the City of New York, or at some
place in the State of Ohio, or in the State of Indiana, to b 9
designated in the said advertisements.
Out of the proceeds of such sale (if they shall be directed to
sell said property for cash), and from the incomes that may
be received from the use and operation of said railroad— after
deducting all just expenses, they shall first pay ratably the
interest on said bonds in the. order of its maturity, and, sec
ondly, the principal of said bonds ratably ; and in case any
surplus shall remain the same shall be paid over to said rail
road company.
OR FORECLOSURE PROCEEDINGS MAY BE INSTITUTED AND
RECEIVER APPOINTED.
In case of default for six months in the payment o f the
principal or interest of any bond« as the same becomes due, and
it shall not be deemed proper or expedient by said trustee
to take possession of and sell the railroads and property
hereby mortgaged in pursuance of the powers hereinbefore
granted, then it shall be the duty of said trustees— whenever
requested so to do by the holders of a majority of said bonds
then outstanding—to proceed in any proper tribunal to fore
close said mortgage, and have said property sold according to
the established principles of law and equity; and to that end
the principal of said bonds may be declared due by the hold
ers of a majoriity thereof then outstanding in the same man
ner as hereinbefore provided. Pending such foreclosure pro
ceedings and sale, said trustees m ay have receiver* appointed
by any court of competent jurisdiction, with the usual powers
in such cases, to take possession of and operate said railroad.
The foregoing remedial provisions »hall be deemed cum u
lative, and they shall not prevent the trustees from resorting
to any other remedy at law or in equity to enforce the rights
of the holders of said bonds.
And in furtherance of the several provision*, the officers of
the railroad company are hereby directed, in case of default
as aforesaid, to deliver to said parties, or to such receivers,
all and singular the property and fianchises hereby mort
gaged and conveyed. The railroad company further agrees
that it will not apply for any injunction or stay of proceed
ings to prevent the trustees from taking possession of said
property, or to prevent a sale from being made, as herein
before provided, and that it will not in any case claim any
right or advantage by reason of any valuation, appraisement,
stay or extension laws that now exist, or that m ay hereafter
be enacted.
In case of any such sale the holders of a majority of the
bonds then outstanding shall have the right to deposit them
with the trustees and by notice in writing they may require
the purchase of said property on such terms as they in their
said notice shall proscribe.
If the holders of a majority of said outstanding bonds shall
elect to have said property purchased for them as aforesaid,
the person so purchasing shall hold such title for the equal
benefit ef the owners of all the bonds aforesaid, and no holder
shall have any claim to said premises or property, or the pro
ceeds thereof, except his equal and p ro rata share therein, as
represented by a new company or corporation to be formed
for the use and benefit of the holders of all said bonds then,
outstanding. Such company shall be organized in such man
ner as the holders of a majority of said outstanding bonds
shall, in writing, request or direct.
NEW TRUSTEES TO BE APPOINTED BY THE COU ATS.
In ease of the resignation or incapacity of said second
parties, or either of them, to act as trustees, it shall be the
duty of the Board of Directors of said Railroad Company
immediately thereafter to make application to some proper
1050
THE
C H R O N IC L E .
court of record in one or both of the States wherein said prop
erty, or some of it, is situated, for the appointment of some
suitable person, persons or corporation as trustee or trustees
in this instrument.
DEEDS OF FURTHER ASSURANCE.
The railroad company will, on demand, at any time hereafter, execute to said trustees all such other conveyances that
said trustees m ay deem necessary for the better assuring unto
them in this trust the railroads and property mortgaged or
intended to be herein described or hereby mortgaged.
N I T EARNINGS OF THE PROPERTY MORTGAGED PLEDGED
TO THE PAYMENT OF INTEREST ON THESE BONDS.
The net earnings of the property hereby mortgaged- are
hereby pledged to the payment o f the interest of the bonds
hereby secured, and the railroad company hereby agrees to
keep the accounts of said property in such manner that such
earnings and expenses, and the methods by which they are
ascertained or apportioned can be readily seen and under
stood.
SINKING FUND DERIVED FROM NET EARNINGS—THESE
BONDS TO BE PURCHASED, OR DRAWN BY
LOT AND REDEEMED AT 110.
It is further agreed that out of the net earnings of the prop
erty hereby mortgaged after deducting the interest for the
year upon the bonds hereby secured and then outstanding,
there shall be set aside an amount equal to 2 per cent of the
principal of such outstanding bonds, or the whole of said net
earnings in excess of interest, if less than 2 per cent, which
sum shall be paid over forthwith to said Central Trust Com
pany as trustee, and shall constitute a sinking fund for the
purchase of said bonds at not exceeding HO per cent. Pro
vided, however, that if in any year said trust company shall
be unable to purchase at 110 per cent, or less, enough of said
bonds to exhaust the moneys then applicable to such
purchase, it shall designate by lot the numbers of so many of
said bonds, not exceeding seventy in any one year, as it shall
then have money of the sinking fund sufficient to purchase at
the price of 110 per cent. The said trust company shall then
publish in two daily papers of general circulation in New
York, twice in each week for three successive weeks, notice
that the bonds whose numbers have been so designated must
be presented for redemption at said price on or before a date
fixed therein, which shall not be earlier than thirty days
after the last publication of said notice. After the day fixed
by said notice for their surrender interest thereon shall cease.
A ll bonds purchased or redeemed by the application of said
sinking fund shall forthwith be canceled. If the net earn
ings of any year shall be insufficient to provide said payment
of 2 per cent, the deficiency shall not be made up from the
earnings of any other year.
APPLICATION OF PROCEEDS OF BONDS HEREBY SECURED.
[V ol.
UV.
GENERAL ELEC TR IC COMPANY.
A P P L IC A T IO N TO TH E N E W Y O R K STOCK E X C H A N G E .
New Y ork, May 31,1892.
W e respectfully ask your Committee to add to the Stock
List and to admit to the dealings on the Exchange, the certifi
cates o f stock of this company, consisting of Common Stock,
$30,460,000; Preferred Stock, $4,252,000; making a total of
$34,712,000.
■
The total authorized capital stock of this company is $50,000,000, of which $10,000,000 may be preferred. O f the au
thorized stock there has been issued and actually delivered at
this date:
Common, subscribed and paid for in cash at par. $100,000
Common, for common stock of the Edison Gen
eral Electric Co , Thomson-Houston Electric
Co. and Thomson-Houston International Elec
tric Co.............................. .................................29,747,100
Preferred, for preferred stock of the ThomsonHouston Electric Co. and Thomson-Houston
International Electric Co.................................. 4,024,400
---------------- $33,871,500
And there has been reserved for future delivery
against certain outstanding shares of the stock
of the Edison General Electric Co., ThomsonHouston Electric Co., and Thomson-Houston In
ternational Electric Co., as specified below:
Com m on...................., ............................................. $612,900
Preferred..................................................................
227,600
---------------840,500
Leaving unissued and in the treasury of the company
stock o f the issue authorized to the amount o f................. 15,283,000
$50,000,000
The stock to the amount of $612,900 common and $227,600
preferred above referred to is reserved for future delivery to
provide for outstanding stock of the companies above named,
to such extent as this company may decide to acquire the
same, as follows :
Common. Preferr'd.
For 2,765 common shares of Thomson-Houston
Electric Co outstanding.................
$165,900
For 6,531 preferred shares of Thomson-Houston
Electric Co. outstanding...................
$163,300
For 3.558 shares of Edison General Electric Co.
outstanding................................................................ 355,800
For 380 common shares of Thomson-Houston In
ternational Electric Co. outstanding...................... 91,200
For 643 preferred shares of Thomson-Houston In
ternational Electric Co. outstanding.....................
64,300
Total common reserved for delivery as a bove..$612,900
Total preferred reserved for delivery as above.
$227,600
The General Electric Company was organized under the
laws of the State of New York, Chapter 323, April 15,1892,
for the purpose of manufacturing, using and selling all kinds
of electrical and other apparatus, with power to acquire, hold
and deal in the stocks and securities of other corporations,
manufacturing, buying, selling, leasing or using machinery
or apparatus of any kind appertaining to the production, dis
tribution or application of electricity, and to carry on a gen
eral manufacturing business. The company has acquired th e
stocks of the foliowing-named corporations, but the separate
organization of these corporations is retained for the present:
The proceeds of the bonds hereby secured shall not be used
by the railroad company for any purpose other than the con
struction and equipment of the line of railroad hereby mort
gaged. And to secure the faithful application of said funds
to the purposes aforesaid, it is agreed that such proceeds shall
be paid to the Central Trust Company, and shall be paid over
to said railroad company only as the work of constructing
and equipping said railroad shall progress, and only upon the
filing with the trust company of certificates in regard to the 237,235 common shares Thompson-Houston Electric Co. out o f
240.000 shares. Par $25.
application of said funds, as'more fully set forth in the mort 153,469 preferred
shares Thompson-Houston Electric Co. out of
gage.
160.000 shares. Par $*5.
Should any money derived from the sale of said bonds re 146,442 shares Edison General Electric Co. out of 150,000 shares.
Par $100.
main in possession of the trustees after the said road shall
3,620 common shares Thomson-Houston International Electric Co..
have been constructed and equipped, the same shall be e x
out of 4,000 shares. Par $100.
pended under direction of the railroad company in the pur
1,877 preferred shares Thomson-Houston International Electric
Co. out o f 2,520 shares. Par $100.
chase of bonds of this issue, or payment of interest accrued
T h o m s o » - H o u st o n E l e c t r ic C o m p a n y .—B a l a n c e S h e e t J a n u a r y
on such bonds.
30, 1892.
The Central Trust Company, or any authorized agent
Assets.
thereof, may at any time and as often as it m ay deem advis
able, examine all the accounts and contracts of said first Accounts receivable, merchandise........... $6,601,293 02
Less
deductions,
10
per
cent
(a).............
660,129 30
party which relate to the construction of said railroad and
the expenditures of said liunde, and to the earnings of said Notes receivable.......... ................................. 1,636,800 35 $5,941,163 73
Less deductions, 7*2 per cent (6)............
122,760 03
road and the application thereof to the sinking fund herein
1,514,040 32
before provided.
Cash........................................................................
1,727,276 16
EQUIPMENT PURCHASED WITH PROCEEDS OF THESE BONDS Real estate, about 70 per cent of c o s t . . . . " . . " " ” ” " " " " "
430,24124
Machinery
and
tools,
about
60
per
cent
o
f
cost.
"
.
"
!
"
’
!
49L044 53
TO BE SO MARKED, AND TO BE KEPT IN GOOD REPAIR.
Office furniture and fixtures (c). Cost $27,334 23
(charged off.)
P|It it agreed that the railroad company will plainly mark,
135,000 OU
in some substantial manner, all engines and cars pur Patterns and models fd).......................................................
Patents, expense for the year charged off.......................1
328,354 29
chased
with
the
proceeds
of
said
bonds,
with
Local company’ s stocks, 35 per cent of par (e)................
473,586 60
the words
“ Detroit
and
Chicago
Extension,” and Local company’s bonds, 70 per cent of par ( / ) ................. 1,858,570 OO
said company for itself and its assigns hereby agrees Manufacturing company’s stock, at cost (g).................... 3,729,195 50
company’s stock, at cost (g)......................... 1,210,750 00
that said equipment, and all renewals thereof, shall at all Construction
United securities company’ s stock, at cost.................. .
525,420 00
times hereafter, until the maaturity of the bonds hereby Consignments........................................................................
32,116 79
secured, be kept in good repair and so marked that it m ay be Merchandise inventory, factory (h) ............... ..
1,731,481 55
Merchandise inventory, railway supply departm ent.""
72,593 23
readily identified.
Merchandise inventory, lighting supply departm ent....
52,613 63
SALE OF PROPERTY NOT NEEDED FOR RAILROAD.
$20,263,447 57
Liabilities.
I f any piece of ground, or other property, covered by this
Capital stock, common........................................................
mortgage shall not be needed in the operation or maintenance Capital stock, preferred........................................!!.’ ! ! ! ' ! ! $ 6,000,000 00
4,000,000 00
o f said railroad, the railroad company may with the written Accounts payable, merchandise....................................
498,808 24
consent of the trustees sell the same, but the proceeds from Notes payable, collateral............................................... ” ”
1,429,486 14
payable, unsecured.....................................
587,005 28
such sale shall be immediately invested by said railroad com Notes
Mortgage...................................................................
1,200 00
pany in other property to be used in connection with said Guarantee account (from accrued su rp lu s)"!!” ” " ” "
200,000 00
railroad, and the hen of this mortgage shall thereupon im Surplus February 1 ,1891.................................................... 6,022,533 71.
mediately attach to the property in which such proceeds shall Profits for the year.................................... $2,760,780 25
Less dividend paid during the year....... 1,236,366 00
be invested. Or such proceeds shall be paid to the trustees
1,524,414 25
and used for the purchase of bonds of this issue.
$20,263,447 57
THE
/viva 15, 1892.]
C H R O N IC L E .
1051
Statement o f Surplut Account.
The m anufacturing plant o f the Edison General Electric
Com pany consists as follow s: Schenectady w orks, cost $8,920,000, situated on 29 aores o f ground at Schenectady, New
Y ork, 3,800 em ployees; New Y ork works, cost $631,000, 400
em ployees; Lam p works, cost $1,840,000, 700 em ployees;
$7,546,947 96 Canadian works, cost $360,000, 400 employees. The present
Surplus January 30,1892........................
B enj. F. P each, J r., First Assistant Treasurer.
aggregate output capacity per annum is $20,000,000.
In explanation o f the deduction» made from the assets o f
The Edison General Electrio Com pany also ow ns practi
the com pany, it m ay be stated that follow in g the conserva cally all the stock o f the Edison E lectric Light Com pany,
tive policy that has always prevailed, allowances have bean w hich company owns and controls the Edison Light patents.
made w ith an idea o f placing upon each and every asset a T h o m so n -H o u st o n I n t e r n a t io n a l E l e c t r ic Co m p a n y —B a l a n c e
value w hich w ill be safe in any contingency.
S h e e t D e c e m b e r 1, 1891.
(a) From accounts receivable the same deduction has been
Assets.
j made as in form er years. This has in previous year» always Cft»h.................................... ...............................................
$28,09618
Accounts
receivable,
$799,392
53, less 25 per cent,
l been foun J ample.
$199,848
13
............
..................
599,544 40
I
(b) The deduction o f 1% P®r cent from notes receivable is
receivable, $174,896 73, lose 20 per eent,
,2)^ per cent in excess o f the rate deducted in form er years, Bills
$34,979 34.................................
139,917 39
(and is regarded as more than a sufficient guarantee for con- Consignments.....................................................................
46,639 07
Securities of other companies.....................................
20,273 47
) tingencies.
.......................
286,110 99
/ (c) Follow ing the precedent o f last year, the expense incur- Patents......
490 84
Merchandise in store................................................
7 red for office furniture and fixtures during the year has been
T ota l........................................., ................................. $1,121,072 34
l charged to expense account.
Liabilities.
(d) W hile a large sum has been expended during the past
year in the acquisition o f patents, this has all been charged Capital stock—400,000 shares common, 252,000 pre
ferred........................................
$652,000 00
to current expense instead o f adding to the patent acoount.
Accounts payable...............................
89,131 01
(e) In local com pany’s stocks a deduction o f 65 per cent is Bills payable......................................................................
60,967 41
made, w hich is 5 per cent in excess o f deductions in form er Surplus................................................................................
318,973 93
years. M ore than $200,000 in stocks and bonds o f railway
Total......... I...................................................................$1,121,072 34
and lighting companies at par value are carried in a separate
The Thomson-Houston International Elaatric Com pany con,*
accou n t as o f doubtful, though o f considerable prospective
duats the foreign and axport business o f tha Thomson-Houavalue, and do not appear in the inventory at all.
i f ) These bonds are nearly all payable in gold, and are ton Electric Com pany.
G e n e r a l E l e c t r ic C o m p a n y —B a l a n c e S h e e t May 31,1892.
am ply secured by sinking funds and other protective provis
Assets.
ions, made under the supervision o f com petent attorneys o f
stocks—
our ow n selection. A large profit should be realized from the Capital
Edison General Electrio Co............................$14,644,200
sale o f these bonds.
Thomson-Houston Elec. Co., 237,235 shares. 14,234,100
(g) The m anufacturing and construction companies’ stocks
Thomson-Houston Inter. Co., 3,620 shares..
868,800
---------------- $29,747,100
are taken at their cost value. The com panies represented by
Capital
stocks,
preferred—
.
these stock» are m a tin g very satisfactory earnings and w ork
Thomson-Houston Eleo. Co., 153,468 shares. $3,836,700
in g in harm ony with the Thomson-Houston Com pany, thereby
Thomson-Houston Inter. Co., 1,877 shares..
187,700
---------------- 4,024,400
contributing largely to the success o f this com pany.
Cash........................................................................
..............
(h.) The inventory o f merchandise and material at the Franohise tax...............
25,000
factory has been taken in the usual w ay, at less than actual General expenses................
215
cost.
$33,871,500
The manufacturing plant o f the Thom son-Houston Electric
Liabilitiee.
Com pany represent» an investment o f $1,000,000, ia situated
Capital stock—Common................. ...........— $29,847,100
on twenty-three acres o f ground at Lynn, Massachusetts, and
“
Preferred................................... 4,024,400
----------------- $33,871,500
contained in sixteen buildings (four more under construction),
•with 3,800 employees.
The present output capacity is $15,Directors for the year 1892-93 : H. M cK. T w om bly, Chair
000,000 per annum.
man o f the B o a rd ; F. L. Am es, C. H. Coater, C. A . Coffin,
The Thomson-Houston Electric Com pany was organized T. Jefferson Coolidge, T. A . Edison, F. S. Hastings, H. L.
under a special charter, granted by the State o f Connecticut Higginson, Eugene Griffin, D. O. Mills, J. Pierpont Morgan,
in January, 1883, for the general purposes o f m anufacturing,
Executive O fficers: President, C. A. Coffin ; Firat V iceusing, buying, selling and leasing electrical apparatus for Presidant, Eugene G riffin ; Second V ice President, Samuel
lighting and pow er and other purposes.
This charter was In s u ll; Treasurer, A . S. Beves ; First Assistant Treasurer, B.
subsequently amended by the State o f Connecticut in January, F. Peach, Jr.; Second Assistant Treasurer, W . F. P o p e ;
1889. Printed copies o f the original charter and amendments Secretary,. E. I. G arfield; Assistant Secretary, A . S. Bevea ;
are submitted herewith.
Comptroller, J. P. Ord ; Auditor, E. Clark.
The grow th o f the business from year to year and the
Transfer Agents and Offices : O. E. Eckerson, 4th floor
num erical increase o f local lighting companies and street rail Mills Building, New Y ork. E. W . Foote, 620 Atlantic Avenue,
w ay companies is shown in the last annual report, cop y o f Boston, Mass.
w hich is submitted herewith.
Registrars : N ew Y ork Guaranty Sc Indem nity Com pany,
The Directors for the year 1892-1893 are : H. A . Pevear, C. New Y ork, and Old Colony Trust Com pany, Boston,
A . Coffin, T. Jefferson Coolidge, Jr., S. Endicott Peabody,
A ll o f w hich ia respectfully submitted.
Eugene Griffin, C. H. Newhall, J. N. Smith, S. A . Barton, B.
G EN E RAL ELECTRIC COM PANY,
F. Spinney.
B y C. A . C o f f i n , President.
The Executive O fficers: President, H. A . Pevear ; First
A . S. B e ve s , Treasurer.
Vice-President and Treasurer, C. A . C offin ; Second V iceThis Committee recom m ended that on June 23, 1892,
President, Eugene. G riffin ; Secretary, E. I. G arfield; First
Assistant Treasurer, B. F. Peach, Jr.; Second Assistant $29,847,100 o f the above-described Com m on Stock, and on
July 1, 1892, $4,024,400 of the above-described Preferred
Treasurer, W . F. Pope.
Office and principal place o f business, 620 Atlantic Avenue, Stock, be admitted to the list. A lso that the Committee be
Boston, Mass. Transfer office and transfer agent, State em powered to add to the list from time to time $612,900
Street Safe Deposit and Trust Com pany. Boston, Mass. Regis additional Com mon and $227,600 additional Preferred Stook,
as they ahall receive notice from the com pany that said stock
trar, Old Colony Trust Company, Boston, Mass.
The selling price of material actually shipped from the fa c is issued.
Adopted by the G overning Committee June 22, 1892.
tory for the four months o f the current fiscal year ending
May 31, 1892, aggregates $4,500,000.
E d'ison General Electric Company.—Balance Sheet A pr il 30
— Messrs. Alexander Brown Sc Sons, of Baltimore, offer for
1892.
subscription at 105 and accrued interest $1,500,000 first mort
Surplus February 1,1891.........................$6,022,533 71
Income for year ending January 30,1892,
after deducting dividends paid during
the year......................................... ....... 1,524,414 25
gage 5 per cent 30-year gold bonds of the City Sc Suburban
Railway Co. The City Sc Suburban Railway Co. is a consoli
dation of the properties formerly known as the Baltimore
Union Passenger Railway Company, the Baltimore Sc Ham p
den Passenger Railway, the Highlandtown Sc Point Breeze
Railway and the Baltimore & Yorktown Railway, tha extent
ol the railways now owned and operated by the City Sc Sub
urban Railway Co. being about 53 miles of single track, in
addition to which about 8 miles of track are to be constructed
and all the lines are to be thoroughly equipped electrically as
a rapid transit railway system. The aggregate earnings of
the different lines for the past three years, under separate
$24,189,967 14 managements, anounted in 1889 to $87,708 net; 1890, $95,260
Liabilities.
net; 1891, $104,532 net. The subscription will be opened at
Allowance for depreciation.............................................
$686,032 91
Mortgages on real estate....................... .......... ; .............
265,000 00 the office of Messrs. Alexander Brown Sc Sons, of Baltimore,
Capital stock................................
14,970,300 00 on Wednesday, June 29th, and close at 3 o’clock on Thursday,
Bills payable..............
5,940,316 95 June 30th. For full particulars see advertisement.
Asset».
Manufacturing plants and real estate............................ $6,057.368 29
Patents......................... ................. ................................
332,55122
Capital stock Edison Electric Light Company................ 3,826,099 25
“
“
Sprague Electric Railway and Motor Co.
680,000 00
1,877,965 15
Sundry stocks and bonds......... .............. .......... . ........ .
C ash ................. ............................................................. 1,024,"71 79
Bills receivable.............................................................. 1,311,512 29
Accounts receivable....................................... .................. 3,00 ,547 92
Expenditures on contracts............ .................................. 1,183,555 76
Property accounts........................................................ .
4,614,752 65
European agency current acoount...................................
4<*,184 61
Laboratory acoount...... ......... ..................................
73,346 78
Liquidation accounts.................. ....................................
166,311 43
Accounts payable..............................................................
Dividends declared and unpaid.......................................
Profit ana loss, surplus.....................................
614,036 62
301,606 00
1,412,674 66
$24,189,967 14
— Messrs. Coffin & Stanton present in our columus to-day
an extended list of securities on which interest is pay
able at their office July 1.
£ ¡^ 5
1052
THE
© D tn m m ia l
COMMERCIAL
3p
m z b
C H R O N IC L E
.
EPITOME.
Friday Night, June 24, 1899.
Taking the country at largo the weather for the past week
has been about as favorable for the growing crops as it well
could be, and values of the leading staples of agriculture hare
more or less felt the effect of this fact. Trade feels the influ
ence of the warm summer weather, bringing the season for
active business to a close. The pending Anti-Option Bill has
continued to be a serious drawback on speculative action, but
at this writing it seems probable that its final consideration
will be postponed till the next session of Congress.
Lard on the spot has been only moderately active, and prices
have varied but little, making, however, some advance, and
closing firm at 6o. for prime City and 6 '8 2^ @ 6 -8 5c . for prime
Western, with refined for the Continent quoted at 6‘90@7'10c.
For future delivery the speculation has* been toward better
figures, owing to the rise in corn, and to-day there was some
advance on stronger Western advices.
[V
ol.
UT.
C O T T O N .
F r i d a y , P. M ., June 24, 1892.
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the w iek ending
this evening the total receipts have reached 19,643 bales,
against 25,494 bales last week and 30,526 bales the previous
week, making the total receipts since the 1st of Sept., 1891,
7,032,849 bales, against 6,848,569 bales for the same period of
1890-91, showing an increase since Sept. 1,1891, of 184,280 bales.
Receipts at—
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Galveston........
El Paso, &c...
New Orleans...
Mobile...............
Florida.............
Savannah........
Brunsw’k, &o.
Charleston.......
Port Royal,&o
W ilm ington....
Wasii’gton.&c
Norfolk.............
West P oin t...
648
........
1,546
18
147
........
1,701
74
205
........
229
9
705
......
417
11
163
......
223 *
193
397
........
439
........
22
........
1,183
435
951
......
521
......
13
........
423
91
328
......
1,272
........
53
......
352
103
541
........
184
......
11
......
345
47
287
......
13
.........
6
......
42
New York........
......
......
123
......
190
........
532
D AILY CLOSING PBIOBB OF LAKD FUTURES.
Total.
108
125
401
10
1,976
1&5.
4,517
315
375
698
15
.........
1
........
103
113
108
2,8^9
6^8
2 ,4 i4
10&
2,448
789
108
346
1,711
520
Fri. Baltimore........
......
79
* 79
6-83 Phlladelph’ a.&e
248
166
427
100
1,448
461
46
6-89'
6-98
7 0 6 Totalsthisweek 4,936 4,210 3,168 3,254 1,493 2,582 19.643
The following shows the week’s total receipts, the total since
Pork has been quiet, but prices are well sustained at $10@
Sept. 1, 1891, and the stock to-night, compared with last year.
$10 75 for old mess, $11 for extra prime and $13@$15 for clear.
Stock.
1891-92.
1890-91.
Beef closes q u iet; extra mess, $6 25@$6 75 ; packet, $7 50@
Receipts to
This Since Sep. This Since Sep.
$8 50, and fam ily, $9 00@$10 50 per b bl.; extra India mess,
June 24.
1892.
1891.
Week. 1,1891.
Week. 1,1890.
$13(§i $15 per tierce. Beef hams are steady at $16 50 per bbl.
Sat.
July delivery...........
6 68
August a eli rer y ___ ___c. 6-77
September delivery. ___0. 6-83
Octo »er delivery. . . . ___0. 6-93
Mon.
6-84
6-93
7-00
7-03
Tues.
6-81
6-90
6-96
705
Wed.
6-82
6-89
6-97
7C4
Thur.
6-80
6-88
6-96
7-03
Cut meats have moved more freely, bringing very full prices,
but the close is quiet at 7J ^@ 7^c. for pickled bellies, 6c. ft r
shoulders and 111^(4! l l ^ c . for hams. Tallow declined, bu^
closes steady at 4 % @ 4 7-16c. Stearine is fir m « at 7J^@7%c‘
in hhds. and tierces, but closes quiet. Oleomargarine is steady
at 6^@ 6J ^c. Butter is firmer and more active at 17@20c. for
creamery.
Cheese is fairly active and firm at 8(5 9c. for State
factory full cream.
Coffee on the spot has been dull and values have further de
dined ; Rio is quoted at 12%c. for No. 7. Mild grades have"
been quiet but steady; good Cucuta is quoted at 21c.
The speculation in contracts has continued dull, and prices
show but little change from those of last week. To-day there
was a slight advance on a demand from “ shorts ” to cover
contracts, stimulated by stronger European advices.
The
close was steady, with sellers as follows :
June................. 11-903. I Sept................ ll-7 0 o.
I D ec......... 11-75C.
July.................. ll-75o.
Oot... ............. 11-750.
I .Tan....,.ll-7 5 o.
■A-n*.................. ll-7 5 o. I N ov ................. ll-7 5 c. [Feb ..................ll-75o.
Raw sugars have been fairly active at a slight improve
ment in values, closing firm at 2 18-16c. for fair refining Mus
covado and 3 5-82@3 3-16c. for centrifugals, 96 deg. test. The
sales to-day included Muscovado, 89 deg. test., at 3 13-16c.;
molasses sugar, 89 deg. test., at 2 9-16c., and centrifugals, 96
deg. test., at 3 5-32c. Refined sugars have been in fair de
mand and steady; crushed is quoted at 5 0 5 ^ c . and granu
lated at 4 % @ 4 ^ c . The boiling grades of molasses has been
dull, and at the close was quoted nominally at 10%c. for 50
deg. test. A t the tea sale on Wednesday the offerings were
again reduced and greens were eteady, but blacks were easier.
Seed leaf tobacco has been offered more, with the result of
transactions on a more liberal scale, aggregating 1,800 cases,
as follows : 700 cases 1890 crop, Wisconsin Havana, 12c,@ 14c.;
200 cases 1891 crop, Wisconsin Havana, private term s; 150
case» 1891 crop Pcnnsyvlania Havana, private terms ; 200 cases
1890 crop, Pennsylvania Havana, 133^c.fd30c.; 100 cases 1890
crop, Pennsylvania seed, 12c.@ 15c.; 100 cases 1891 crap, Ohio,
private fa rm s; 100 cases New England seed, 23c. ; and
150 cases sundries, 6c.@ 25c.; also 600 bales Havana, 62c. @ $1 15;
and 600 bales Sumatra, $2 25@ $3 20.
Straits tin made a sharp decline recently in response to a
break in the London market, and was quoted as low as 21 ‘40c.,
L but has turned steadier and closes steady at 21’650.. with sales
of 400 tons for the week. Ingot copper is dull and prices are
easy, with Lake quoted at ll*85c. Domestic lead remains
nominal at 4 ’15c. Pig iron is quiet at $13 50@$15 for No; 2,
Southern and Northern.
Refined petroleum is quoted at 6c. in bbls., 6-80c. in cates
and 3’50c. in bulk; naphtha 5c.; crude in bbls. 5'30c. and in
bulk 2’80c. Crude certificates sold to-day at 52%} @ 53c., clos
ing at the inside figures. Spirits turpentine is firmer on
stranger Southern advices, closing at 30%@31c. Rosins are
quiet and easier at $1-20 d) $1*25 for strained. W o ol is mare
active, especially for domestic, of which supplies have mater
ially increased, Hops have b^en dull, but close steady owing
to violent storms in Central New York.
Norfolk........
West Point.
NwptN.,&c
New Y o r k ...
Boston.........
Baltim ore...
PhiPdel’ a.&o
1,976 1,136,215
43,284
125
4,517 2,460,509
315 264,022
24,776
2,879 1,013,193
698 163,886
2,444 461,237
1,530
106 160,576
2,342
2,448 517,424
789 332,857
103
45,988
88,089
1,711 133,673
93,765
79
81,483
1,448
Totals........
19,643 7,032,849
G alveston...
ElPaso,&c.
New Orleans.
Mobile..........
Savannah...
Bruns., &0.
Charleston..
Wilmington.
956
3,792
513
2,337
388
74
1,809
1,941
487
207
852
361
1,695
997,738
23,764
2,040,843
292,023
44,560
1,113,399
188,199
505,563
1,008
188,170
8,746
639,656
344,980
96,672
134,407
116,375
50,013
67,443
15,412 6,848,569
20,807
7,734
121,718
11,906
87,241
8,841
22,487
7,465
__ rrim
5,592
11,911
4,149
8,479
966
332,378
5,500
17,380
9,599
8,763
1,767
2,221
161,066
2,500
6,104
8,414
585,200
311,857
22,069
In order that comparison m ay be made with other year, we
give below the totals at leading ports for six seaous.
Receipts at—
1892.
1891.
1890.
1889.
1888.
1887.
Galv’ston,&c
New Orleans
Mobile..........
Savannah...
Charl’ st’n,&c
Wllm’gt’n,&e
Norfolk........
W’ t Point, &c
All oth ers...
2,101
4,517
315
2,879
2,444
106
2,444
897
3,936
956
3,792
513
2,337
388
74
1,809
2,428
3,115
43
1,211
22
971
120
20
278
445
191
115
833
72
215
18
• 51
9
277
371
346
5,605
116
2,087
1,186
12
1,459
923
3,292
38
1,214
37
1,023
19
12
121
6
1,128
Tot. this week
19,643
15.Ì12
3,301
1,961
15.026
3,598
Since Sept. 1. 7032,849 6849,569 5777,946 5487,661 5431,999 5190,442
The exports for the week ending this evening reach a total
of 30,591 bales, of which 19,120 were to Great Britain, 3,287
to France and 8,184 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1891.
from —
Salveston.......
Velasco, &c....
New O rleans..
Week Ending June 24.
From Sept. 1.1891, to Jane 21, 1892
Exported to—
Exported to—
Conti Total
Great
Great
Conti
Franc
t
France
Total.
nent. Week. Britain.
Brit’n.
nent.
6,550
8,137
103
103
4,978 14,665
Savannah ___
Charleston....
W ilm ington...
Norfolk...........
West P o in t...
N’portNws, AcNew Y ork .......
8,852
8,852
630,360 79,905
3,753
949,195 500,712
37,868
175,607 30,197
98,947 4,819
160,030 5,550
61,671
151.170 7,900
93,139
21,979 5,272
498,599 86,295
257 858
108 840 7,611
19,862
97,349 807,614
36,461
40,214
633,674 2,083,581
291,231
180,432
52,902
36,894
16,637
500,035
103,796
316,012
114,573
195,964
109,776
27,251
736,377
26S 080
261,(64
20,570
.150
Baltimore.......
Philadelp’a.&c
7,421
788
200
809
T otal............
19,120
3,287
8,184 30,591 3,268.876 678,291 1,706,106 5,653,273
Total, 1890-91. 17.064
258
7,195 24.517 3.289,071 553,213 1,792,956 5,635 210
2,770 10,841
788
333
633
809
201.483
10,222
145113
708
THE
Jone 25, 1892.J
In addition to above exports, our telegram s to-n ight also
give us the follow in g am ounts o f cotton on shipboard, not
cleared, at the ports named. W e add similar figures fo r
N ew Y ork , w hich are prepared for our special use b y M essrs.
Carey, Y ale & Lam bert. 24 Beaver Street.
On Shipboard, not cleared—fo r
June 24 at—
Other Coast
Great
Britain. France. Foreign wise.
Leaving
Stock.
Total.
New Orleans...
Galveston........
Savannah.........
Charleston.. ..
M obile..............
Norfolk.........
Ndw Y ork........
Other p o rts ....
6,607
None.
None.
None.
None.
None.
5,700
9,000
5,659
None.
None.
None.
None.
None.
375
None.
3,636
None.
2,500
1,050
None.
1,000
2,750
5,000
182
1,506
600
232
None.
1,230
None.
None.
16,084
1,506
3,100
1,282
None.
2.230
8,825
14,000
105,634
19,301
18,969
21,205
11,906
6,249
323,553
31,356
Total 18 9 2...
21,307
6,034
15,936
3,750
47,027
538,173
! l W l 1891...
Total 1890...
2,632
50
17,285
11.416
3,759
2,700
3,761
2,338
284,420
117,585
27,437
16,504
<
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y£as fairly active, but at declining prices for the first half o f
,*Che w eek under review. The varying rumors regarding the
progress o f the Anti-Option Bill in the Senate have been im
portant influences upon values. The fear that it w ill becom e a
la w caused m any holders to throw their cotton upon the
market, and it is believed that Liverpool has been affected by
a severe pressure te sell by Southern interior towns. Soon
after the opening o f the market on W ednesday the impression
gained ground that the exigencies o f party politics w ill pre
vent the Anti-Option Bill being acted upon at the present
session o f Congress. There was consequently a quick rally
o f 10@11 points.
Yesterday there was renewed depres
sion, ow ing to a decline in the Liverpool market, but
it was partially recovered in the later dealings, and this
m orning prices further advanced in response to an im prove
m ent o f 2@ 8 -64d. in the Liverpool market; but there was a
quick decline, follow ed by a partial recovery. The favorable
weather reports from the South, the large visible supply and
the near approach o f the new crop were subjects o f general
com m ent. It was also asserted that New England spinners
are carrying large stocks on the spot.
Cotton on the spot declined 1-16c. on Monday, w ith a better
business for export, and on Tuesday there was a fair trade fo r
hom e consum ption. To-day the market was quiet but steady
a t 7 7-16c. for m iddling uplands.
The total sales fo r forw ard delivery for the w eek are 530,900
bales. For im mediate delivery the total sales foot up this w eek
6,132 bales, including 2,722 for export, 2,610 for consum ption,
------ fo r speculation, and 800 on contract. O f the a b o v e ------bales were to arrive. The follow in g are the official quotations
fo r each day o f the past w eek—June 18 to June 24.
Ordinary.............................V lh.
Btrlot Ordinary..........................
Good Ordinary...........................
Strict Good Ordinary.................
Low Middling.............................
Strict Low Middling..................
Middling......................................
Good Middling............................
Strict Good Middling.................
Middling Fair.............................
Fair..............................................
GULF.
Sat.
M o n jT u e s W e d
T il .
F r i.
5*8
5*2
6%
6 n X6
71ie
7°16
7 1«
71*16
8116
858
9
5 l16
5716
6516
6^8
7
714
■El«
7%
8
8916
6 l°16
M on Tues
51i 6
5716
6&16
658
7
714
7716
7\
8
81*16
81*16
Th.
glia
5716
8*16
65s
7
714
7 716
7\
8
89ie
81*16
F r i.
Sat.
Ordinary............................. lb.
Strict Ordinary...........................
Good Ordinary............................
Strict Good Ordinary.................
Low Middling.............................
Strict Low Middling..................
Middling......................................
Good Middling............................
Strict Good Middling................
Middling Fair.............................
F air..............................................
51c
578
634
7116
7hö
71116
7?e
8*16
8716
9
93s
STAINED.
Sat.
Good Ordinary...................lb.
Strict Good Ordinary.................
Low Middling.............................
Middling......................................
45,
514
618
71,6
51i 6
òh e
6*16
658
7
714
7*16
7%
8
s^ie
81&16
5 7ie 5Ji6
51*16 51*16
6iiie 6 H16
7
7
73s
738
75,
758
71*16 71316
8*8
818
838
83s
81*16 81*16
931« 9*16
M on Tues
4916
5*16
«lie
7
4916
5*16
6^
7
51i 6
57ie
6*16
6^8
7
714
77X6
7^
8
8®16
81*16
W ed
57^6
51*16
6Hifi
7
738
r35S
71316
8ia
8*8
8 «ie
9*16
W ed
5716
51*16
6 II16
7
738
758
7 1816
¿19
83a
8I&16
9516
Th.
57j6
51*16
bill6
7
73s
753
7!3i6
S’a
83s
81*iß
9*16
F r i.
4916
5*16
bile
7
4916
5»i6
ÖLe
7
49i6
53,6
bile
7
® to M *-• r-i S si
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SPOT MARKET
CLOSED.
Saturday
Monday..
Tuesday..
Wed’day.
Thursday
F riday...
Q uiet.................
Easy at ii6 dec.
Steady ...............
Quiet & steady.
Quiet & steady.
Steady ...............
SALES OP SPOT AND TRANSIT.
Ex
port.
1,086
634
Con- Spec- Con
sump. ul’ t’n tract. Total.
370
20
1,328
255
130
507
1,456
654
800 2,128
255
864
775
Sales of
Futures.
32,700
112,500
133,600
106,100
89,100
56,900
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MARKET AND SALES.
The total sales o f cotton on the spot and for fu tu re delivery
each day during the w eek are indicated in the follow in g
statement. For the convenience of the reader w e also add
a colum n w hich show s at a glance h ow the m arket closed on
sam e days.
e& i
I: I
-4-4 ;
UPLANDS.
1053
C H R O N IC L E .
I I
! I
I I
The follow in g exchanges have been made during the w e e k :
— pd. to exoh. 300 June for Jan.
— pd. to excli. 600 June for July.
— pd. to excli. 1,100 J’ne s. n. for
June.
•07 pd. to exca. 400 July for Aug.
•06 pd. to exea. 1,100 July for Aug.
•02 pd. to exca. 1,000 J’ne for July.
•06 pd. to exea. 200 Aug. for Sept.
•13 pd. to exea. 300 July for Sept.
•92 pd. to exca. 500 July for May.
.72 pd. to exca. 100 July for Mca.
.13 pd. to exca. 500 July for Sept.
•73 pd. to exoli. 1,000 July for Mch
•09 pd. to exoli. 100 Juue for Aug
•08 pd. to exoh. 10 0 Juaa for Aug.
•13 pd. to esca. 800 July for Sept.
•07 pd. to excli. 1,000 July for Aug.
•43 pd. to exod. 1,000 July for Dee.
•37 pd. to exoh. 100 Aug. for Deo.
•08 pd. to exctt. 100 Juue for Aug.
•23 pd. to excd. 1,00 ) July for Oct.
•42 pd. to exoh. 1,000 July for Deo.
•05 pd. to exoh, 3,100 July for Aug.
r he Visible S upply of cotton to-night, as m ade up by cable
and telegraphis as follow s. The Continental stocks, as w ell as
those for Great Britain and the afloat are this w eek’s returns,
and consequently all the European figures are brought d ow n
800 6,132 530,900
2,722 2,610
T ota l...
to Thursday evening. But to make the totals the com plete
T he Sales and P rices of F utures are shown by the figures for to-night (June 24), we add the item o f exports fr o m
the United States, including in it the exports o f F riday only.
follow ing comprehensive table:
734
268
....
1054
THE
C H R O N IC L E .
1892.
1891.
■took at Liverpool.........bales. 1,609,0001,163,000
■took at London....... ...............
9,000
16,000
1890.
922,000
12,000
1889.
816,000
18,000
Total Great Britain stock. 1,618,000 1,179,000
■took at Hamburg..................
4,500
4,100
■took at Bremen....................... 137,000 126,000
26,000
23,000
■took at Amsterdam................
■took at Rotterdam.................
200
500
8,000
9,000
■took at Antwerp.....................
■took at Havre.......................... 431,000 245,000
■took at Marseilles...................
10,000
9,000
■took at Barcelona.................. 106,000 104,000
Stock at G noa..........................
18,000
9,000
■took at Trieste........................
34,000
31,000
934.000
3,600
92.000
7.000
200
5.000
171.000
4.000
74.000
8.000
6.000
834,000
2,300
38,600
17,000
300
25,000
101,000
5,000
68,000
15,000
7,000
[V oi. U V ,
Q u o t a t io n s f o r M id d l in g C o tto n a t O t h e r M a r k e t s .—
Below we give closing quotations o f middling cotton at South
ern and other principal cotton markets for each day of the week».
Week ending
June '¿I.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
Galveston...
New Orleans
Mobile..........
Savannah...
Charleston..
Wilmington.
Norfolk........
Boston........
Baltimore...
Philadelphia
A u gusta....
Memphis....
3t. Louis___
Cincinnati..
Louisville...
lion.
Tues.
Wednes.
Fri.
Thurs.
73a
714
7%
71i 6
718
7
714
7716
758
7\
714
75,6
73s
76s
7ifl
73a
77,6
714
714
734
76,6
714
714
73s
714
714
714
71,6
71i 6
71,6
7iie
718
718
718
718
7
7
7
6^8
714
71*
714
714
Total Continental stocks........ 774,700 560,600 370,800 279,200
71«
7716
1116
76s
75i
75s
75s
758
Total European stocks___ 2,392,700 1,739,600 1,304,800 1,113,200
7%
7%
7%
7%
India cotton afloat for Europe.
220,000 184,000 185,000 112,000
7*8
7 34® 38
714
714
7*4
▲mer.oott’ nafloatfor Europe.
110,000 109,000
35,000
57,000
7^
738
75,6
7°,6
Zti*
>gypt,Brazil,Ao.,afltforE’r’pe
26,000 27,000
15,000
21,000
73g(
73s
7ifi
7%
7ia
■took in United States p o rts ..
585,200 311,857 134,089 199,778
75s
7fa
7ifl
75s
76s
■took in U. S. interior tow ns..
193,908 110,540
20,138
20,230
712
713
7»16
7®16
United States exports to-day.
80
2,956
586
2,384
The closing quotations to-day (Friday) at othefr im portan t
Total visible supply.......... 3,527,888 2,484,953 1,694,613 1,525,592
\
Of theabove. thetotais of American and other descriptions areas follows: Southern markets were as follow s:
American—
Atlanta..........
7 Little R o c k . . . .
7*8 Newberry......... 6 %
7% M ontgom ery..
63* Raleigh............. 7*4
Liverpool stock............. bales. 1,387,000 933,000 585.000 557,000 Columbus, Ga.
N ashville........ .
7*4 Selm a.............. . 7 \
Ooutinentalstocks.................... 593,000 394,000 261.000 164,000 Columbus,Miss
6 ^ N atchez...........
7*16 S h reveport.... 6U^e
Amerioan afloat for E u rope... 110,000 109,000
35,000
57,000 Eufaula.......... .
United States stock.................. 585,200 311,857 134,089 199,778
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 ta b le ^
United Statesinteriorstocks.. 193,908 110,540
20,138
20,230
United States exports to-day.
80
2,956
586
2,384 indicates the actual movement each week from the plantationsi
The figures do not include overland receipts nor Southern
Total Am srlcan.. ............... 2,869,188 1,861,353 1,035,813 1,000,392 Consumption; they are simply a statement of the weekly
Mast Indian, Brazil, <tc.~
Jdverpool stock......................... 222,000 230,000 337,000 259,000 movement from the plantations of that part of the crop which
London stock............................
9,000
16,000
12,000 18.000 finally reaches the market through the outports.
166,600 109,800 115 200
Continental s to ck s .................. 181,700
India afloatfor E u rope... . . . . . 220,000
184,000 185,000 112 000
Week
Receipts at the P orts. SVkat Interior Towns. Rec’pts from P la n t’ns.
■gypt, Brazil, Ac., afloat........
26,000
27,000
15,000 21,000
Binding—
Total East India, A c.......... 658,700 623,600 658,800 525,200
Total American.................. 2,869,188 1,861,353 1,035,813 1,000^392
Total visible supply........ 3,527,888 2,484,953 1,694,613 1,525,592
Price Mid, U pl.,L iverpool....
4 i16d.
41*d.
63sd.
6 iied
Price Mid. Upl., New Y o rk ....
7iie0.
8380.
lll^ ieo.
lie .
5 ® * The imports into Continental ports this week have been
63,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,042,935 bales as compared with the same date
of 1891, an increase of 1,833,275 bales as compared with the
corresponding date of 1890 and an increase o f 2,002,298 bales
as compared with 1889,
A T t h e I n t e r io r T o w n s the movement— that is the receipt
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 o f 1890-91— is set out in detail in the
following statement.
Total, 31 towns
Augusta,Ga ........
Columbus, G a ....
Macon, Ga...........
Montgomery, Ala
Selma, Ala ..........
Memphis, Tenn..
Nashville, Tenn..
Dallas T e x as....
Sherman, Texas.
Shreveport, L a ...
Vioksburg, Miss..
Columbus, Miss..
Eufaula, Ala .......
Albany, Ga ..........
Atlanta, Ga.........
Borne, Gat ..........
Charlotte, N. C...
St. Louis, Mo .......
Cincinnati, Ohio.
Newberry,S. C ...
Raleigh, N. C.......
Columbia, S. C ...
Louisville, Ky,*..
Little Rook, Ark.
Brenham, Texas.
Houston, Texas.
Helena, Ark ........
Greenville, Miss.
Meridian, M iss...
Natchez, M iss....
Athens, Ga.........
ê
4
M
m
1890.
7Tie
738
738
718
7H
7
7°16
1891.
1892.
1890.
OGOCDCNbOOOO-O-* —M00G0GÌCO©<i00Gl
JifkÇp*-*fcOC:^.(XXl*<JWU-CH©©COfcOCô©OD»—
s*
ms
Ç0»
movement to June 24, 1892.
Receipts.
Wl£eO|6>i^©eH»3MWMMeÌ5MMOOCOWWW-3©W<liua?eecnr««.'i£n
. » .
Sb
:
:
i°<i
.
fco
S xagü
Ü* \ HHbD; IOCOM M00 fcOfcfi M CO»-*»
—
s S ri
CJ»fcO,
»^QOÜICOOQD©^© 00 CCfcO! fcOÜiÖtvJOKOoS
tjOOl, tf^WOO. fcOfcO<|ülWO>CDÜiOÜiCnfcOW<l» fcD$COfcöWüi§<J
to © ^ ©
fcOCfl»
MCOBOCOfcö M
GÛ
1C
CO
ix q
©
© W«s|©W©fcOfcO©» ^OC0t0fc0©0«tfh.©»*C0©:
©0©h*Cfl©K> W©Oi~-Jto» O
ö<
fcO
B»m
J*CB*q
» 1
.. Cb
1892.
1890.
8,066
4,253
1,965
186
1891.
1892.
20,710
15.151
19,386
14,787
12,898
5,869
22.196
25.682
19.825
18,807
11.552
8,629
The above statement shows: 1.— That the total receipts from
the plantations since September 1,1891, are 7,170,828 bales; in
1890-91 were 6,944,539 bales; in 1889-90 were 5,784,525 bales.
2.— That, although the receipts at the outports the past week
were 19,643 bales, the actual movement from plantations was
only 8,629 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 5,889 bales and for 1890 they were
------ bales.
O v e r l a n d M o v e m en t f o r t h e W e e k a n d sin c e S e p t . 1.—
W e give below a statement showing the overland movement
for the week and since September 1. A s 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 24
and since Sept. 1 in the last two years are as follows:
1
8,447 14,570,564 1 19,461 1193,908 II
o m ' .■ W-J0nM©M©ext000#>©©tS. OlWOÎ
mmcx*
©¡¡£w w mXW
<Ü<I
>d
O®.
MW©W00C
M
" ----------
tu
s f
1891.
May 20....... 18.838 88,591 30,670 39,867 169,863 256,497
8,776 83,082 36,977 34,844 151,932 245,202
“ 27.......
4,487 30,996 34,t44 32,322 140/22 230,583
June 3 ......
4,885 87,303 >0,526 27,633 127,806 218,864
“ 10.......
8,347 20.621 25,494 23,447 120,083 204,922
“ 17.......
8.801 15.412 19,643 20,188 1 ! 0,540 193,908
“ 24.......
1891-92.
June 24.
Week.
Shipped—
Via St. Louis................................
Via Cairo......................................
Via Hannibal...............................
Via Evansville............................
Via Louisville............................
Via Cincinnati......................... .
Via other routes, Ao...................
Total ^ross overland...............
Deduct shipments—
Overland to N. Y., Boston, A c..
Between interior to w n s............
Inland, Ac., from South............
Total to be deducted...............
7,886
1,905
43
895
723
451
Mines
Sept. 1.
662,071
346,281
162,175
37,564
202,466
157,732
160,207
11,903 1,728,496
1890-91.
Week.
3,611
1,164
734
1,227
463
Since
Sept. 1.
657,151
296,997
85,262
27,292
206,757
178,281
146,401
7,199 1,598,141
8,238
78
1,407
400,010
61,518
96,619
3,115
183
878
368,243
111,279
105,544
4,723
558,147
4,176
585,066
Receipts.
This
week.
1
#
f$»$
Stock '
June 26.
7,940 U,440,058 1 17.483 1 110,540 1
Leaving total net overland*..
3,023 1,013,075
7,180 1,170,349
: :
: •
©cx «
h • ■ teto.
KJ®
* Including movement by rail to Canada
£???• •
h h o ^ hi - h Mii» MbSMODi ; eo—
j ex© to exco
OM. .
: m —SSoexXto
The foregoing shows that the week’s net overland m ovem ent
«A
this year has been 7.180 bales, against 3,023 bales for the same
CO
CO©
M
o M
»»
3
<b week in 1891, and that for the season to date the aggregate net
£.W©toeo©MWW-COa3tO©K)MCO#»<l©-CO*. M
© © Ot000DM00^ o w 05—b90DCOOO©-)<]tOWMCDrft S.
overland exhibits an increase over a year ago of 157,274 bales,
HS'
©
M
®
M
W
00©
«
Œ
>
®0J
©'t]
to^
^
©
^
©
—
M
—
C
»
©
W
0»
C
B
© CXM—
î -0OD—©©©©©tO©©-3CX —
JOOlCEtCOMt^—
IM —CO© © £.
©
«MOtO»»<l-WC><lÜih-lf.OW œ£wtOlÊwS-»05W t*Sw£ ©
1891-92.
1890-91.
In Sight and Spinners’
SB ï
Takings.
Since
Since
*
•£■*
J-1w
;
; ;
WM
M
Week. Sept. 1.
Week. Sept.
1.
, ,CX05Ü
^i Mt(!*■<10
» b MCO-3M*
ÇX©-0- M
MOOOOC
—Î tO m
1».m
Jh.'* !: Mbwrf»Mon~*
-J © ÜO © ife. fi* ? ! ©
OM W cotOHaooto^msHM HO' o exto ex■ ■ © exik
<xex
Receipts
at
ports
to
June
24........
19,643
7,032,849
15,412
6,848,569
M
7,180 1,170,349
3,023 1,013,076
00 Net overland to June 24...............
<D Southern consumption to J’ne 24
7,000 560,000
7,000 520,000
M
MM
'MJOM'MM; j-*: ysm h © M Cöfr ; ; MOtOUMtOU
tS ?® MMMC»WtO* <1• '—CO »3©<lfrM©©* * -oloootCMCXO
Total marketed..... .................. 33,823 8,763,198 25,435 8,381,644
©! ©frM oœosooowfr: ; f»ojoi^i-qexto
Interior stocks in excess.............. *11,014 137,979 *9,543
^W^OMMQOO»' ©• MvlOOOMW^UO' ■ Mfr CO© 00Mfco
95,970
* Louisville figures “ n e t” In botb years,
t Tbis year’s figures estimated.
The above totals show that the interior stocks have decreased
during the week 11,014 bales, and are to-night 83,368 bales
more than at the same period last year. The receipts at all the
towns have been 507 bales more than the same week last
year, and since Sept. 1 they are 130,506 bales m ore than for the
same time in 1890-91.
>i
Came into sight during week.
Total in sight June 24............
22,809
8,901,177
15,892
8,477,614
North’n spinners tak’gs to J’ne 24
2,105,274
1,926,03ft
* Decrease during week.
It will be seen by the above that there has come into sight
¿taring the week 22,809 bales, against 15,892 bales for the
same week of 1891, and that the increase in amount in sight
to-night as compared with last year is 423,563 bales.
J ums 29, 1892.]
THE
1055
C H R O N IC L E .
W bath b b R epost * b y T blbo * a f h . — Our telegraphic ad
vices this evening are as a rule of a very satisfactory charac
ter. There have been beneficial rains in most sections, and
the crop is progressing finely. The Mississippi River is thirty
fest and seven-tenths on the gauge at Memphis and falling
rapidly. In the lower Mississippi Valley there is much land
yet under water.
Galveston, Texas.— It has rained splendidly on six days of
the week, the precipitation reaching two inches and eightyeight hundredths.
The thermometer has averaged 79, rang
ing from 72 to 86.
Palestine, Texas.— W e have had rain on two days during
the week, the rainfall reaching ninety-four hundredths of an
inch. The thermometer has ranged from 70 to 92, averaging 81.
j H untsville, Texas.— There have been magnificent rains on
I five days of the week, the precipitation reaching five inches
land twenty-two hundredths.
Average thermometer 79,
\highest 94 and lowest 64.
I Dallas, Texas.— There have been fine rains throughout the
j State, assuring the corn crop and immensely benefiting cotton.
/ The crop is now very promising everywhere in Texas.
Rain
i has fallen here on two days of the week. The rainfall has
j been one inch and twenty hundredths.
The thermometer
■has averaged 82, the highest being 96 and the lowest 68.
San Antonio, Texas.— A world of good has been done to
everything by the magnificent rains on three days of the week.
A ll crops are now very promising. The precipitatian reached
two inches and ninety-seven hundredths. The thermometer
has averaged 84, ranging from 72 to 96.
baling, Texas.— A ll crops are very fine. W e have had bene
ficial rain on two days of the week, the rainfall reaching
ninety-five hundredths of an inch. The thermometer has
ranged from 70 to 94, averaging 82.
Colum bia,Texas.— There have been splendid showers on two
days of the past week, the precipitation reaching sixty-two
hundredths of an inch. Average thermometer 81, highest 92,
lowest 70.
Cuero, Texas.— It has rained magnificently, and just as
needed, on two days of the week, the rainfall reaching two
inches and fifty-five hundredths. The thermometer has averagged 86, the highest being 98 and the lowest 74.
Brenham, Texas.— It has rained magnificently on five days
o f the week, sufficient to make the corn crop and greatly help
cotton.
The outlook is very encouraging.
The rainfall
reached two inches and seventy-nine hundredths. The ther
mometer has averaged 83, ranging from 70 to 96.
Belton, Texas.— There have been good showers on three
days of the week, the precipitation reaching sixty-three hun
dredths of an inch. The thermometer has ranged from 64 to
102, averaging 83.
thirteen hundredths.
to 94, averaging 82.
The thermometer has ranged from 71
Madison, Florida.—AM crops are doing well since rains
commenced. It has rained on four days o f the week, the
rainfall being two inches and ninety-four hundredth^
The thermometer has averaged 86, the highest being 95 and
the lowest 70.
Columbus, Georgia.— There has been rain on three days of
the week, the precipitation reaching one inch and five hun
dredths. The thermometer has averaged 83 and ranged from
75 to 90.
Savannah, Georgia.— There has been rain on six days of
the week, the rainfall reaching thirty-two hundredths of an
inch. The thermometer has ranged from 71 to 91, averaging
Augusta, Georgia.— The weather has been warm during the
week, with light rain on four days, to the extent of fifty-five
hundredths of an inch.
Crops are good, but rain is needed
at some points.
Average thermometer 81, highest 93 and
lowest 69.
Charleston, South Carolina.— It has rained on each day of
the week, the precipitation reaching two inches and seventythree hundredths.
The thermometer has averaged 80, the
highest being 94 and the lowest 70.
Stateburg, South Carolina.— Rain has fallen on two days
of the week, to the extent of forty-two hundredths of an inch.
The thermometer has averaged 78‘8, ranging from 70 to 82.
W ilson, North Carolina.— Telegram not received.
The following statement we have also received by telegraph
showing the height o f the rivers at the points named at 8
o’clock June 23, 1892, and June 25, 1891.
ew Orleans___
emphis............
sh v ille..........
. eveport........
“burg..........
June 23, ’92. June 25, ’ 91.
Feet.
Feet.
16-6
90
81*«
17-7
4-4
10 9
27-4
17-5
47-6
28-5
India Cotton Movement from a l l F orts.— The receipts
and hipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 23.
BOMBAT RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
Shipments since Sept. 1.
Shipments this week.
F«or Great Conti
Great
Conti
Total.
BriVn. nent. Total. Britain nent.
’91-2
•90-1
»9-90
»88-9
1,000
3.000
6.000
4,000
30.000 31.000 68.000 791.000 859.000
20.000 23.000 98.000 890.000 988.000
18,000 24.000 356.000 1072000 1.428.000
7,000 11.000 371.000 857.000 1.228.000
Shipments for the week.
Shipments
Receipts.
This
Since
Week. Sept. 1.
38.000 1.644.000
34.000 1.954.000
20.000 2.147.000
26,000 1.792.000
since Sept. 1,
Great
Great
Conti
Total.
Britain. Continent. Total.
Britain. nent.
It has rained
magnificently on three days of the week, the rainfall reaching Calcutta—
8,000
28,000
1891-92...
36.000
one inch and twenty-one hundredths. Average thermometer
11,000
39.000
1890-91...
50.000
77, highest 96 and lowest 58.
Madras—
New Orleans, Louisiana.— W e have had rain on six days of
13.000
1,000
21,000
1,000
34.000
1891 92 ..
17.000
21,000
1890- 91... 2,000
38.000
2,000
4.000
the week, the rainfall reaching one inch and twenty-eight
All
others—
hundredths. The thermometer has averaged 80.
60.000
3.000
31.000
1891- 92...
1,000
91.000
2,000
Shreveport, Louisiana.— It has rained on two days of the
62,000
2.000
42.000
189091...
2,000
104,000
week, the precipitation reaching fifty hundredths of an inch.
Total all—
The thermometer has averaged 80, ranging from 70 to 93.
101,000
60,000
189192...
2,000
4.000
161,000*
2,000
Columbus, M ississippi.— It has rained on one day of the
6.000
74,000
118,000
4,000
2,000
192,00«
1890-91...
week, the rainfall being one inch and sixteen hundredths.
The
above
totals
for
the
week
show
that
the
movement
from
The thermometer has ranged from 69 to 100, averaging 84.
the ports other than Bombay is 2,000 bales less than the sameLeland, M ississippi.— Telegram not received.
L ittle Rock, Arkansas.— The weather has been very favor week last year. For the whole of India, therefore, the total
able during the week, and crops have made good progress. shipments since September 1,1891, and for the corresponding
Rain has fallen lightly on three days, to the extent of twenty- periods of the two previous years, are as follow s:
six hundredths of an inch. The thermometer has averaged
EXPORTS TO EUROPE FROM AL L IN D IA.
78, the highest being 90 and the lowest 70.
1890-91.
1891-92.
1889-90.
Helena, Arkansas.— The river is falling rapidly, but late
Shipments
for cotton. The crop is less promising than last year. W e
Since
Since
This
This
to a lt Europe
This
Since
have had showers on four days of the week, the precipitation
week.
Sept. 1.
week.
Sept. 1.
from —
toeek.
Sept. 1.
reaching one inch and fifty-three hundredths. The thermom
Bombay........... 31,000 859.000 23,000 988.000 24,000 1,428,000
eter has averaged 79, ranging from 72 to 88.
Memphis, Tennessee.— The weather has been hot. There All other ports. 4,000 161.000 6,000 192.000 6,000 284,000
are some complaints of grass, but in general the crop is im
Total......... 35,000 1,020,000 29,000 1,180,000 30,000 1,712,000
proving. Blooms are numerous in northern Mississippi. The
A lexandria R eceipts and Shipments.—Through arrange
river is thirty feet and seven-tenths on the gauge, or two
feet and three-tenths below the danger line and falling fast. ments we have made with Messrs. Davies, Benachi & C o., of
W e have had fine showers on two days of the week, the rain Liverpool and Alexandria, w e now receive a weekly cable of
fall reaching twenty-eight hundredths of an inch. The ther the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
mometer has ranged from 70*4 to 92*4, averaging 78 8.
Nashville, Tennessee.— W e have had rain on four days of the corresponding week of the previous two years.
past week. The precipitation reaching seventy-Jour hundredths
Alexandria, Egypt,
1889-90.
1890-91.
1891-92.
of an inch. Average thermometer 79, highest 91, lowest 70.
June 22.
Mobile, Alabama.— Crops are developing finely under the
Receipts
(cantars*).
.
.
.
influence of excellent weather. W e have had rain on four
1,000
3,000
This w eek ....
days during the week to the extent of eighty-six hundredths
4,013,000
4,657,000
3,160,000
Since Sept. 1.
of an inch. The thermometer has averaged 79, the highest
Since
This
This
Since
Since
This
being 88 and the lowest 66.
week. Sept. 1. week. Sept. 1. week. Sept. 1.
Montgomery, Alabama.— W e have had rain on four days of
the week, splendidly distributed, and greatly helping all crops, Bxports (bales)—
261,000
To Liverpool............ 1,000 322.000 1,000 281,000
which are now very promising. The precipitation reached
To Continent............ 2,000 251.000 2,000 229,000 1,000 164,000
sixty hundredths of an inch. The thermometer has averaged
Total Europe____ 3,000 573,000 3,000 510,000 1,000 425,000
80, ranging from 71 to 89.
* A o a n t a r is 98 pou n ds.
Auburn, Alabama.— W e have had dry weather all the
week. Average thermometer 81, highest 90 and lowest 68.
This statement shows that the receipts for the week ending
Selma, Alabama.— Crops are fine. There has been rain on June 22 were 3,000 cantars and the shipments to all Europe
three days of the week, the rainfall reaching one inch and 3,000 bales.
W eatherford, Texas.— Crops are very fine.
THE
1056
C H R O N IC L E
M a n c h e s t e r M a r k e t .— Our report received by cable to-night
from Manchester states that the market is easy for both
yarns and shirtings, in consequence of bad India accounts.
W e give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1891.
1892.
3 2 s Cop.
Twist.
8*4 lbs.
Shirtings.
d.
d. s.
638 '8>7^S 5
8% @7ks 5
6 38 @ 7*2 5
63s @ 7 ^ 5
17 6^8 @ 7*8 5
2 4 6 ^ @7*3 5
My 20
“ 27
J ’ne 3
“ 10
“
“
d.
s.
lia ® «
2 @6
2 @6
2 @6
3 @6
2 @6
OolVn
Mid. 3 2 s Cop.
Twist.
Uplds
d.
6^
7
7
7
8
7
8 *4 lbs.
Shirtings.
d.
d.
7*8 @758
7*8 @758
8. d.
8. d.
5 1 0 @ 6 10
5 10 @ 6 1 0
71i6@79i0 5 10 @ 6 10
7
@7^
5 9 1a @ 6 9ks
ö löl8®77i6 5 9 @ 6 9
5 9 @6 9
6 78 ® 73s
d.
4 1ie
4 116
4 316
4^
4 ;?16
4116
Oott’n
Mid.
Upld
d.
4 i3 ie
4%
4%
45s
4 9 16
4^2
[ V o l . LTV,
E g y p t ia n C o t t o n C r o p .— The following report on the
cotton crop in Egypt was issued by the Alexandria General
Produce Association, under date of May 3 1 :
The temperature has continued to he oool nearly throughout the
whole of May, and hence the young plants, although progressing
normally, have only partially regained the backwardness men
This situation, sufficiently notice
tioned in our last resume.
able in the northern part of Lower Egypt, is wuch less evident
in the southern provinces, which are always more favored as
regards climate. In these even before tbe middle of May a seasonable
warmth has existed. Nevertheless, if in June the temperature be
comes fixed and regular, such as has been the case the last few days,
it is probable that all traces of backwardness will soon disappear. We
have the best information respecting the supply of water In spite o f
the very low level of the river, irrigation is accomplished everywhere
easily, and many lands in Lower Egypt are still watered direct from
the canal* without the use of pumps or other means. It is to he hoped
that the same will continue to be the case in June and July also, be/
cause it Is especially during these two months that facility of irriga/
tion is most beneficial to the plantations.
!
H ig h W a t e r a n d t h e L e v e e s .— There has been a n im
E a s t I n d ia C r o p .— The following is from Messrs. Gaddum^
provement the past week in the situation along the Mississippi
Bythell & Co.’s report, dated Bombay, May 21:
and its tributaries. Fewer breaks are reported and progress
Cotton continues to come forward freely, the total for the week being!
has been made in repairing former crevasses. On June 17 an 9,000 hales more than last week and 2,700 bales in excess of the»
figures for the corresponding week last year. The receipts of Oomrast
attempt to cut the levee at Reid’s Place, Madison Parish, L a., at this port have been maintained on a large scale throughout the\
w as frustrated by the guards. Sunday morning, June 19, the week, but as the supplies in the up-country markets have now fallen A
off, next week’s receipts will probably show a decrease. In the Dhol- '
levees around Bayou Sara, L a., gave way, flooding the town. lera districts sellers have me* the markets readily at current rates, and
despatches to Bombay have been heavy in consequence.
Tuesday morning a crevasse occurred in Ascension Parish,
C o m p a r a t iv e P o r t R e c e ip t s a n d D a i l y C r o p M o v e m e n t *
L a ., two and a half miles below Donaldsonville, and the levee
on the Tensas River, in Concordia Parish, gave way at noon. —A oom parisonof the port m ovem ent by weeks is not accurate
as the weeks in different years do not end on the same day o f
The upper river is falling rapidly.
the month. W e have consequently added to our other standing
E x p o r t s o f C otton G oods f r o m G r e a t B r it a in .— Below
we give the exports of cotton yarn, goods, & c., from Great tables a daily and m onthly statement, that the reader m ay
Britain for the month of May and since October 1 in constantly have before him the data for seeing the exact relative
1891-92 and 1890-91, as compiled by us from the British Board movement for the years named. The m onthly movements
o f Trade returns. It will be noticed that we have reduced
Qince Sept. 1,1891, and in previous years, have been as follow s:
the movement all to pounds.
YarnScThread.
Cloth.
lota l o f All
000s omitted
1891-92 1890-91 1891-92. 1890-91. 1891-92 1890-91 1891-92. 189C-91.
Lbs.
Lbs.
23,278 24,565
21,112 23,042
20,150 22,648
Yds.
Lbs.
Lbs.
449,481 84,772 85,291
394,910 76,82« 74,935
455.39« 80,944 86,413
Lbs.
108,050
97,938
101,064
T o t.ls t quar. 64,540 70,255 1,261,224 1,299,790 242,542 246,039
307,082
O ctober.......
N ovem ber...
D ecem b er...
J an u a ry......
February__
M a rch ..........
20,991 20,042
23,566 22,741
23,986 22,182
Yds.
440,816
399,496
420,912
403,774
443,181
448,751
412,552 77,203 78,722
423,178 84,738 80,750
428,798 85,800 81,831
98,194
108,304
109,786
316,284
T ota l 6 m os. 133,083 135,220 2,556,930 2,564,318 490,283 487,942
023,366
623,102
91,415
94,532
98,281
93,098
1,174
15,680
1,132
15,343
828,167
831,616
373,401
395.866
895,714 71,396 75,518
381,473 75.691 72,800
Total exports o f cotton manufactures...................................
EXPORTS OF PIECE GUO OS AND TARNS TO PRINCIPAL COUNTRIES IH
M AT, AND FROM OCTOBER 1 TO M AT 31.
Oct. 1 to May 31.
May.
1892.
1891.
1890.
1891-92. 1890-91. 1889-90.
East Indies ........................... 189,937 158.122 209.729 1,477,515 1.421.802 1,487,235
Turkey. Egypt and A frica... 40,681 59,049 70,251 467,028 488,243 463,217
China and Japan..................... 45,572 48,356 62,809 428,642 4 .'«.049 407,412
E urope (except T urkey)........ 18,072 26,101 28,003 207.784 238,9-2 243,500
60,492 37,735 46,374 356,315 332.329 324,059
N orth Am erica ..................;.. 19.295 21,662 26,867 200.855 216,252 223,717
A ll other cou ntries................ 24,817 29,848 26,541 187,508 215,837 196,911
Totai yards........................ 395.860 381,473 470.574 3.326,197 3.341.504 3,348.141
Total v a lu e ...... ................. £3,887 £4,005 £4,840 £34,092 £30,198 £34,686
Yarns.
(000s omitted.)
H olla n d .. ...............................
H erm any...................................
©th. Europe (except Turkey)
Bast Ind ies...............................
China and Japan.....................
Turkey and E gypt..................
A ll other countries.................
Total lb s .............................
Total va lu e........... ..........
2.686
2.556
3.396
2,912
2,148
2.798
887
3,284
2.912
4,733
4,745
4.314
3,262
886
22.552
18.937
34,918
31,359
20,061
21.332
8,307
21,301
22.702
88.574
34.953
17.851
23.804
7,933
25,098
24,044
87,9411
83.500
26,219
20,059
0,827
17.3*3 19.451 24.130
£735
£900 £1.137
160,400
£0,781
167.178
£7,958
173.087
£8.236
2,586
2,8"4
4,263
4,434
2,110
2,524
730
L o u is ia n a A g r ic u l t u r a l R e p o r t .— The report of the
Agricultural Department of Louisiana for June 1, issued on
the 6th inst., says:
The estimated acreage of this crop is 15 per cent helow what it was
last year. The stand is generally good, but the plant is from two to
three weeks behind last season in size. There has been 40 per cent
less fertilizers used under cotton this season compared to what was
used last year, which means little of the cotton crop ha» been fertilized.
Some of our finest cotton lands are row under water from the break in
the Arkansas line and breaks along Red River. At this writing, with
the data before us, we would estimate the prospect fully 23 per cent
b elow what it was last year.
1890.
1889.
1888.
1887.
1886.
306,268
The foregoing shows that there has been exported from the
United Kingdom during the eight months 826,167,000 lbs. of
manufactured cotton, against 881,6,6,000 lbs. last year, or a
decrease of 5,449,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during May and since October 1 in each of the
last three years:
Piece Goods.
(000s omitted.)
Year Beginning September 1.
1891.
Sept’mb’r 676,823 732,236 561,710 332,017 654,776 359,203
Lbs.
Ootober.. 1,532,426 1,365,231 1,325,358 1,133,016 1,213,404 1,034,450
109,856
97,977 Novemb’r 1,376,909 1,145,416 1,257,520 1,159,063 1,178,436 1,169,979
109,081 Deoemb’r 1,215,144 1,195,063 1,116,928 1,103,713 963,584 1,164,886
665,162 859,979 700,909 718,091 527,570 644,681
316,894 January.
February 658,855 535,273 410,044 461,201 341,274 404,272
93,764
March. .. 376,400 427,702 213,697 330,510 225,042 258,332
103,491
89,186
251,522 298,132 110,053 166,571 128,721
104,013 A p r il___
47,426
57,362
66,319 131,498
M a y ....... 192,895 196,018
T o t. 2d quar. 68,543 64,965 1,295,706 1,264,528 247,741 241,303
A pril............. 20,019 22,763
M a y .............. 18,841 20,898
Monthly
Receipts.
Total....... 6,946,136 6,755,050 5,753,581 5,470,501 5,364,305 5,172,415
Pero’tage o f tot. port
96-32
95-75
96-60
97-92
98-61
receipts May 31...
This statem ent shows that up to May 81 the receipts at
the ports this year were 191,086 bales more than in 1890-91
and 1,192,555 bales more than at the same tim e in 1889-90.
By adding to the totals to May 31 the daily receipts since
that time we shall be able to reach an exact comparison of
the movement for tbe different years.
1891-92.
1890-91.
1889-90.
1888-89.
1887-88. 1886-87.
To. My. 31 6,946,136 6,755,050 5,753,581 5,470,501 5,364,305 5,172,415
3,006
998
805
5.130
3,411
8.
JVe 1 ....
2,569
1,416
5,613
588
3,887
s.
“ 2 ....
1,251
794
8.
5,458
635
3,752
“ 3 ....
3,835
336
592
1,826
2,753
3,793
“ 4 ....
4,323
8.
476
8,869
910
S.
“ 5 ....
1,066
2,432
1,909
424
603
5,680
“ 6...
3,084
903
8.
2,351
217
5,511
“ 7 ....
3,329
485
744
3,054
6,355
8.
«« 8 ....
2,072
370
5,^61
4,430
763
8.
“ 9 ....
872
8.
591
2,661
9,098
1,397
“ 1 0 ...
3,493
485
793
3,330
5,474
402
“ 1 1 ....
5,131
242
8.
4,940
1,493
“ 1 2 ...
8.
453
851
2,115
3,081
9,531
9,998
“ 1 3 ....
831
1,967
2,040
5,057
231
8.
“ 1 4 ....
287
555
1,961
2,020
8.
2,567
“ 1 5 ....
122
8.
2,812
1.950
711
6,443
“ 1 6 ....
277
1,371
190
3,606
8.
3,545
“ 1 7 ....
223
109
691
1,685
4,936
2,269
“ 1 8 ....
569
1,667
8.
3,979
1,716
S.'
“ 1 9 ....
439
829
458
1,775
1,007
4,210
“ 2 0 ....
324
243
751
1,595
8.
3,168
“ 21....
164
252
8.
“ 22__
3.254
3,163
2,150
717
3,241
3,344
1,493
1,305
8.
“ 2 3 ....
1,457
2,582
1,463
188
8.
“ 2 4 ....
75
T o ta l. . 7,032,849 6,841,479 5,776,268 5,486.140 5,420,317 5,187,182
Percentage o f total
97 5 0
96-84
97-75 1 98-30
98-89
port reo’ pts J’ne 24
This statem ent shows that the receipts since Sept. 1 up t °
to-night are now 191,370 bales greater than they w ere to th e
same lay of the month in 1891 and 1,255,581 bales more than
they were to the same day o f the month in 1890. W e add to
the table the percentages o f total port receipts w h ich had
been received to June 24 in each o f the years nam ed.
THE
J un e 25, 1892.]
J u t e B u t t s , B a g g in g , & c .— D u rin g the past w e e k th ere
has been a s lig h tly b etter d em a n d f o r ju t e b a g g in g at
u n ch a n g e d qu ota tion s, w h ic h are 6 % c. fo r 1 % lb s., 7c. fo r 2
lbs. a n d 7 % c . fo r stan dard grades. C u rrent business in ju te
butts is q u ite lim ited , b u t fa ir deliveries on a cco u n t o f fo rm e r
ord ers are in progress. T he close to -n ig h t is o n th e basis o f
2c. fo r paper grades a n d 2 % c . fo r b a g g in g q u a lity .
S h ip p in g N e w s .— T h e e x p o r ts o f c o t t o n f r o m th e U n ited
Sfcites th e p a st w e e k , as p e r l a te s t m a i l re tu rn s , h a v e reach ed
*8,895 bales. S o fa r as th e S ou th ern p orts are c o n c e r n e d , these
axe th e sa m e e x p o rts re p o rte d b y te le g ra p h a n d p u b lish ed it
t&he C h r o n ic l e last F rid a y . W it h r e g a rd t o N ew Y o r k w e
in c lu d e th e m a n ife sts o f a ll v e ssels c le a r e d u p t o T h u r sd a y ,
\
Total batet.
EW Y ork —To Liverpool, per steamers Nomadic, 2 ,4 00 ....
St. Pancras, 4,488___Wyoming, 207..................................... 7,095
, To Hull, per steamer Egyptian Monarch, 301 .......................
301
/ To Glasgow, per steamer State o f California, 25.................
25
t To Havre, per steamer La Bretagne, 150...............
150
971
1 To Bremen, per steamers America, 421....T ravo, 550..........
/ To Antwerp, per steamer Noordland, 4 4 9 .............
449
) To Stettin, per steamer Polynesia, 500............................................. 500
To St. Petersburg, per steamer Leo, 8C0.................................
800
To Genoa, per steamer Werra. 50..............................................
50
Ne w Orleans—To Liverpool, per creamers Astronomer, 6,700
___Engineer, 4,611............ ..................................................... 11,311
To Hamburg, per steamer Cheruskia, 175...............................
175
16
To St. Pierre, per schooner Clara Goodwin, 16............... .......
Charleston—To Malmo per bark Svea, 1,150 ............................ 1,150
W est P oint—To Liverpool, per steamer Powhattan, 2,110 —
2,110
B oston—To Liverpool, per steamers Bostonian, 898— Kansas,
3 0 9 ....Pavonia, 42....................................... . — . . . . . . . . . 1,249
To Hamburg, per steamer Europa, 2 5 . . . . . . . ............... .
25
2
To Yarmouth, per steamer Boston, 2.......................................
B altimore —To Liverpool, per steamers Nova Scotian, 7 4 2 ....
Queensmore, 3.215......................................... - ....................... 3,987
To London, per steamer British Queen, 1,150........................ 1,150
To Bremen, per steamer Karlsruhe, 2,084............................... 2,084
To Rotterdam, per steamer Patapsco, 139............... ...............
139
P hiladelphia —To Liverpool, per steamer British Princess, 156
156
........ 33,895
Total. . . . . . . .
f
The particulars of these shipments, arranged in our usual
form , are as follows:
Hotter- Stettin, St.
Bremen dam <£ Salmo Pierre
Sull A
& St. A YarA
HamAntLonLiverdon. Havre. burg. werp. Petersb. mouth. Total.
pool.
10,341
971
449
1,300
150
301
New York. 7,095
.... . . . . . .
16 11,502
175
N. Orleans. 11,311 ___
1,150
.......
.
.
.
.
.
.
1,150
Charleston.
m
mm
mm
rn
2,110
......
West Point 2,110 ’ _____ ____ . . . . . . . . . . . .
........
........
1,276
2
25
B oston . . . . 1,249
7,360
2,084
139 . . . . . . . . . . . .
nanu, o r e . 3,987 1,150
156
156 ........ ........ ........ ........ ........ .........
Philadeip’a
18 33.895
150 3,255
588 2,450
T o ta l. . . . 25.908 1,451
The New York tot al includes 25 hales to Glasgow and 50 hales to
Genoa.
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
N e w O r l e a n s —To Liverpool—June 2 3 —Steamer Louisianian, 6,550.
To Havre—June 17—Steamer Yedmandale, 3,150.
To Genoa—June 21—Steamer Giava. 4,978.
N o r f o l k —'To Liverpool—June 20—Steamer Powhatan,5 4 0 ...June 2 3 Steamer Carlisle, 13,312.
B o st o n — To Llvemool—June 18—Steamer Samaria, 150....Ju n e 2 0 Steamer Ottoman, 638.
B a l t im o r e — To London—June 1 7 - Steamer Maryland. 200,
To Bremen—June 15—Steamer Karlsruhe (additional), 233,
To Ham burg-June 17—Steamer Venetia, 100.
P h il a d e l p h i a — To Liverpool—June 21—Steamer Lord Gough, 309.
Cotton freights the past week have been as follow s:
Satur.
L iv e r p o o l, stea m d.
764
Do
l i d . ..d.
....
H a v r e , s t e a m ... d. 764®*8
Do
............d.
B re m e n , s t e a m ., d.
Do in d ire ct..d .
H a m b u rg ,s tea m ,d.
Do
. . . . ..d.- f
A m s t’ d ,m ,s te a m .d
I n d i r e c t .......... d.
B e v a l, ste a m ___d.
Do
............... d.
Mon.
Tues.
Wednes. Thürs.
Fri.
7«4
764
764
764
764
....
....
....
764'® *8
....
76 i® ^
....
764® %
7*4'®%
764® *8
....
....
....
®S4
964
....
••••
....
*64
964
9«4
....
964
....
....
....
....
B32
582
6S2
B32
532
532
....
SO*
....
....
....
....
....
30*
30*
30*
30'
30*
....
....
....
....
....
....
....
116 4 ® J4 116 4® 14 1164® *4 7764® *4 7164® *4 1764® ^4
....
....
....
....
—
B a r eelon a , ste a m d. 1864®73S 1364®732 186 i ® 732 1364®732.186 i ® 732 1364®7S2
G e n o a , s t e a m ... d.
3 1S
316
S16
8 1B
316
318
T rie s te , s t e a m ... d 1364® *4 136 4 ® 14 1®64® ^4 186 4 ® *4 136 4 ® l 4 l 8 6 4 ® J4
A n tw e r p , s tea m , d. 76 4 '® 18
76 4 ® *8
764 ® % Iß*®^
76 4 ® %
* Cents, per 100 lbs.
L iverpool .—By cable from Liverpool we have the following
statement of the week’s sales, stocks, &c., at that port:
June 3. j June 10. June 17, June 24.
40.000
57.000
28,000
42.000
Bales of the week............bales.
2,000
2.600
2,000
1,000
O f which exporters to o k ....
4.000
4.000
1,000
3,600
Of which speculators took..
35.000
50.000
23.000
37.000
Bales American......................
8.000
6.000
8,000
13.000
Actual export..........................
39.000
53.000
48.000
59.000
Forwarded....................... .
Total stock—E stim a ted ....... 1.635.000 1.644.000 1.624.000 1.609.000
Of which American—Estim’ d 1.418.000 1.425.000 1.404.000 1.387.000
38.000
42.000
57.000
18.000
Total Import of the week........
31.000
29.000
45.000
13.000
Of which American.............
75.000
75.000
85.000
85.000
Amount afloat.......... .
55.000
45.000
45.000
60.000
Of which American...............
1057
C H R O N IC L E .
The tone o f the Liverpool market for spots and futures each
la y o f the week ending June 21, and the daily closing prices
of soot cotton, have been as follow s:
Saturday Monday. Tuesday. Wednes. Thursday. Friday.
Spot.
Market, { In buyers’
favor.
1:45 P. M.J
M id .U p l’d s.
4®16
Spec. & exp.
5 ,0 0 0
500
Futures.
at
Market, ? Quiet
partially
Quiet.
4%
7 ,0 0 0
1 ,0 0 0
1:45 P. M.J
1-64 adv.
Easy at
3-64 de
cline.
Market, )
4 P. M. (
Steady.
Easy.
Dull.
Small
inquiry.
Small
inquiry.
Dull.
4*8
4116
^16
41i,
5 ,0 0 0
500
6 ,0 0 0
1 ,0 0 0
7 ,0 0 0
1 ,0 0 0
6 ,0 0 0
500
Steady at Quiet at
V ery
steady at 1-64 @ 2-64 3-64 d e
cline.
1-64 adv. advance.
W eak.
Steady.
Easy.
Steady.
Quiet at
partially
1-64 adv.
The opening, highest, lowest and closing prices of futures a t
Liverpool for each day are given below. Prices are on th e
basis of Uplands, Low Middling clause, unless otherwise stated:
W “ The prices are given in pence and Qith. Thus: 3 63 means
3 63-64<i., and 4 01 means 4 1-64<Z.
Bat., Jane I S .
Mon., Jane 2 0 .
Tues., Juno 2 1 .
Open High Low. Cïos.j Open High Low. Clos. Open High Low. Clos.
June-July...
J uly-A ug...
A ug.-Sept..
September..
8ept.-O ct...
O ct.-N ov....
N ov.-D ee...
Dec.-Jan....
J an .-F eb ...
Feb.-M ch...
<*.
4 05
4 05
4 07
410
412
412
4 14
416
418
4 20
d.
4 05
4 05
4 07
410
412
4 12
4 14
416
419
4 21
d.
4 05
4 05
4 07
4 10
412
412
414
416
418
4 20
d.
4 05
4 05
4 07
410
412
4 12
4 14
416
419
4 21
W ed., June 2 2 .
d.
4 02
4 02
4 04
4 07
4 09
4 09
4 11
413
415
418
d.
4 01
4 01
4 03
4 06
4 08
4 08
411
413
415
417
d.
d.
4 00
4 00
4 01
4 01
4 00
4 06
4 09
411
4 13
4 15
4 00
4 00
4 01
4 01
4 07
4 07
4 09
411
413
416
d.
4 01
4 01
4 03
4 06
4 08
4 03
410
419
416
4 17
d.
4 02
4 03
4 03
4 06
4 03
4 08
4 10
4 13
4 15
417
d.
3 61
8 61
3 62
4 01
4 03
4 03
4 03
4 03
4 10
413
<*.
3 61
3 61
3 68
4 0k
4 04
4 04
406
4 09
411
4 13
F ri., June 2 4 .
Thurs., June 2 3 .
Open High Low. Clos. Open High Low. Clos. Open High\Low. Clot.
June-July...
July-A ug...
A ug.-Sept..
September..
8ept.-O ct...
O ct.-N ov....
N ov.-D ee...
Dec.-Jan....
Jan.-Feb ...
Feb.-M ch...
A.
<61
3 61
3 63
4 02
4 04
4 04
4 06
4 03
4 10
413
a.
8 63
3 63
4 00
4 03
4 05
4 05
4 08
4 10
4 12
415
d.
d.
d.
3 61
3 61
3 63
4 02
4 04
4 04
4 06
4 08
410
413
3 63
3 63
4 00
4 03
4 05
4 05
4 08
410
412
415
<61
3 61
3 62
4 01
404
4 04
4 06
4 OS
4 11
413
d.
3 62
8 62
3 63
4 02
4 01
4 04
4 07
4 09
411
413
d.
d.
d.
d.
d.
3 61
3 61
8 62
4 00
4 02
4 02
4 05
4 07
4 10
412
3 61
3.61
3 62
4 01
4 93
4 03
4 0»
4 03
410
412
S 68
3 63
4 00
4 03
4 05
4 05
4 07
4 10
412
411
3 63
8 68
4 91
108
4 08
4 06
4 08
410
413
415
3 63
3 63
4 00
4 03
4 05
4 05
4 07
4 10
412
414
B R E A D S T U F F
A
3,93
3 63
4 91
4 93
4 96
4 06
4 08
4 10
4 13
41»
S.
F r i d a y , June 2 4 , 1892,
The markets for flour and meal have been only moderately
activs, but prices are pretty well supported, except for low
and medium grades of wheat flour, of which supplies are
somewhat excessive. To-day the market was dull. Bids
were in most cases reduced to figures which holders were un
willing to accept.
The wheat market has net been active. Speculation was
held in oheck by the proposed anti-option bill, and the export
demand has been only moderate, not at any time showing any
considerable degree of urgency, Prioes have consequently
ruled low under favorable crop accounts. If the Anti Option
Bill passes there will be difficulty in carrying next crop except
at low prices. The export business of yesterday ernbraced
prims to choice red winter at 9 0 ^ ® 9 2 ^ i. afloat, Mo. 1 North
ern spring at 8 7 % @ 8 7 % c ., No, 2 do st b l ^ c . and choice No.
2 Chicago spring at 87 %o. To-day futures were very dull
and the principal transaction was the sale of 80,0!)0 bush No.
1 Northern spring to arrive early in July at about 18c.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Wed. Thurs. Fri.
Mon. Tues.
Sat.
80
86%
85%
8514
86%
. .0. 85*«
June delivery.......
86%
86%
86
861«
8678
July delivery................. e. 8618
86%
86*«
8608
87
87 *8
...O. 86%
August delivery.............o.
8*31
87 *4
86%
8718
8608
September delivery........0
o.. 8678
87%
873l
87%
88is
October delivery........ . o. 8731
89%
8^%
90%
S978
December delivery......c. 8978
94%
94
9378
93%
..c. 9414
9414
May, 1893 delivery.......c.
Indian corn advanced from present and prospective scarc
ity, causing an active demand to cover contracts.
Corn
seems to flow into the W estern markets pretty freely, but
the quantity reaching the seaboard is remarkably small. To
day the market weakened a little and was very dull.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
June delivery. . . . . . . . . . .c.
July delivery........ .....o.0.
.
August delivery..............c.
,.c.
September delivery.......o.
.0.
October delivery............e.
Sat.
Mon.
Tues.
57%
53%
52%
52%
52
52
58
54%
53%
53%
53
53%
5 t 78
53%
5 2 78
....
Wed.
60
56
54%
54
P. . .
Thurs.
59
55
5 3 78
53%
53%
Fri.
58%
54%
54
53%
53%
1058
THE
C H R O N IC L E .
Oats have made a sharp advance, the improvement being
due almost wholly to sympathy with the rise in corn, though
arrivals at this market are by no means liberal. The export
business has been wholly checked by the advance. To-day
the market was very strong, but closed quiet.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Tues.
Wed.
Sat.
T h urs.
Sal.
M on.
37%
37%
36%
35%
36
35%
36%
37%
37%
36
3 4%
34%
35%
36
36%
33%
34%
33%
35
33%
J u n e d e l i v e r y ... .* ..........c .
e.
J u ly d e liv e r y .................... .0.
A u g u st d e liv e r y ............. .0.
c.
S ep tem b er d e liv e r y ........o.
0.
F ri.
38
37%
36
35
Rye has sold in a email v av at full prices, closing steady.
The following are closing quotations:
FLOUR.
F i n e .................. $ b b l. $ 1 8 0 ® $ 2 25
P a te n t, w in t e r ............$ 4 3 0 ® $ 4 75
S u p erfin e............... .
2 0 0 ® 2 60
C ity m ills e x t r a s ........ 4 2 5 ® 4 35
E x tra , N o. 2 . . . . . . . . 2 2 5 ® 2 85
B y e flo u r ,s u p e r fin e .. 3 8 5 ® 4 1 5
E x tra , N o. 1 ................ 2 9 0 ® 3 40
F in e ______ _______________ ® . . . .
C le a rs ............................ 3 4 0 ® 4 2 0
C o m m ea l—
S t r a i g h t s . . . . ............... 4 1 5 ® 4 4 0
W estern , & o.............. 2 8 0 ® 2 9 0
P a ten t, s p r in g ............ 4 4 0 ® 4 7 0
B ra n d y w in e ............. . . . . ® 3 10
[W h ea t flo u r in sack s sells a t p rice s b e lo w th o s e fo r b a rre ls.]
GRAIN.
W heat—
0.
0.
C o m , p e r b u sh .—
S p rin g, p e r b u s h ... 78 ® 92
W est’n m i x e d ........ 5 6 ®
B e d w in te r N o. 2 . . 91 ® 9 2
S team er N o 2 . . . . . . 5 9 ®
B e d w in t e r .............. 8 0 ® 93
W e s f n y e llo w ........ 5 8 ®
W h it e ...... .................. 8 2 ® 92
W estern w h i t e . . . . 60 ®
O ats—M i x e d ..$) b u . 3 7 % ® 3 9 % B y e —
W h ite ......................... 4 2 ® 4 8
W estern , p e r b u s h . 86 ®
N o. 2 m ix e d ............ 38 ® 3 9
S tate a n d J e r s e y .. 85 ®
N o. 2 w h it e ............. 43 ® 4 4
B a rley —N o. 2 W est’n .
o
W F o r t a b le s u s u a lly g iv e n h e r e s e e p a g e 1 0 3 6 a n d 1 0 3 7
61
60
62
64
88
88
T H E DRY GOODS TR A D E .
New Y
ork,
F rid a y P . M ., J u n e 2 4 ,1 8 9 2 .
[T ot. LIT,
demand, without special feature.
A good business has been
done in denims, ticks, cheviots, cottonades and plaids, and
stocks are generally in small compass. Glove-finished cambrio s
continue scarce and firm in price. Fall prints are being shown
in some quarters but not openly.
W illiam Simpson Sons &
Co. have made their price for fancies for the coming season
6o. per yard, with a reduced discount. Other agents seem to
be undecided yet whether to advance the long prioe or shorten
discounts, but there is no doubt about the buyers having to
pay more one way or the other for fall prints than they did
for last season’s. Ginghams are being fairly ordered in dark
work, but there is no activity in the demand.
In these
agents have made concessions, mostly in the shape of greater
discounts than were given last season.
Print cloths still re-\
main at 3% c. for 64 squares and at 3c. for 56x60s, but there/
are very few to be had at these prices either for immediate or/
future delivery.
\
1892.
S tock o f P r i n t O lo th i—
J u n e 18.
H e ld b y P r o v id e n c e m a n u fa ctu re r s. N on e.
F all R iv e r m a n u f a c t u r e r s . . . . . . . . . . . N one.
N one.
O utside s p e c u la to r s ( e s t ) . . . ............ ..
T o ta l s to c k (p ie c e s ). . . . . . . . . . . . . .
N one.
1891.
J u n e 20.
4 5 2 .0 0 0
4 4 5 .0 0 0
N on e.
1890. I
June 2 1 i
3 8 3 ,0 0 0 )
9*0.000)
N on e.}
8 9 7 ,0 0 0
473,000I\
D o m estic W oo len s .— The duplicating demand for men’ s
wear heavy woolens and worsteds develops but slowly— too
slowly to afford comfort to a number of manufacturers who
have been expecting it to help them along for some weeks
yet. It is confined to small parcels, which fail to give any
real indication of what the bulk of the re-order business m ay
call for. Under these circumstances there has been a more
general movement to put spring styles fully before buyers,
and during the past week a number of new lines have been
opened. A striking feature of the spring display so far is the
unusual preponderance of low-priced all-wool goods, in the
production of which Western mills figure prominently.
Medium and fine grades have been practically neglected. In
overcoatings a steady duplicate business is reported, chiefly
in kerseys. Cloakings are without particular feature. Sat
inets, cotton warp cassimeres and doeskins jeans are all in
but moderate movement. The trade in flannels and blankets
is of an ordinary character. In woolen and worsted dress
goods there is still little doing beyond deliveries on back
orders, the jobbers having made very slow headway as yet
with their fall samples.
F o r e ig n D r y G oods .— The market is quiet in the extreme
and no change is looked for until after the “ Fourth.” Staple
lines in dress goods and silks are in limited request, without
material change in prices, but all seasonable specialties,
where still carried, are being pressed for sale at irregular
rates. For the coming season early importations are being
attended to and sample cards are being actively prepared for
such merchandise as does not come in on advance orders.
W eek. S in ce J a n . 1
Great Britain............ ........
Other E u rop ea n .............
China................................
51
11
350
25
3 ,6 8 8
....
1 2 2 ,9 5 4
1 2 ,9 1 5
T o t a l............ 1 .................... . 2 ,1 2 1
1 1 7 ,9 1 2
* F r o m N ew E n g la n d m ill p o in ts d ir e c t
3 ,6 8 8
1 3 5 ,8 6 9
tf»M
014»
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to MM
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© © ©CFC0 4» CF
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[ V a lu e. |
*
3 4 9 ,8 5 1
2 2 6 ,4 8 4
5 0 2 ,8 0 6
2 0 9 ,3 5 4
1 2 0 ,5 2 2
©<l
CFO!30 10
llf»»
4 ,2 1 1 .9 6 3
2 ,3 5 7 .8 1 0
2 ,5 1 4 ,0 5 0
2 ,0 8 8 ,8 4 1
4 1 7 ,1 6 1
CF
©
00
CO
to
1 3 8 ,6 8 2
4 9 ,8 3 0
8 4 ,0 3 2
6 5 ,6 8 0
8 ,9 1 7
Cotton flannels, corset jeans and satsens are in fair
00 CDto to CO
If» CF
CF
M MM
XM©MCF
MCF©<I©
if» CO*4 if» <1
©<|MtO#»
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4 0 4 ,4 9 2
1 ,4 0 9 ,0 1 7
The value of the New York exports since January 1 have
been $5,714,41U in 1892 against $6,461,369 in 1891.
A s was the case last week, the chief interest in domestics
has this week centered in bleached shirtings.
A large busi
ness for autumn delivery has been done in these, leading
mills being placed heavily under orders. This has led to a re
vision of last week’s re motion, and the following higher prices
have been made in 36-inch bleached shircings: Lonsdale,
f % c . ; Cumberland, 8 c .; Blackstone, 6 % c .; Hope, 6 ^ c . ;
Fitchville, 6%c. and Dwight Anchor, 8J^c.
The Lonsdale
C. M. Fruit of the Loom and Masonvilie have been advanced
per cent and First Call and Second-to-None % q. per yard.
Brown sheetings and drills are without change— steady, but
with a moderate business only for either home or export pur
©©
If»
©CF
M rf»
XO
©<l
©©
6 ,0 2 5 ,7 7 9
2 ,9 9 7 ,8 3 5
3 ,2 4 6 ,7 8 7
1 ,7 0 1 ,6 5 5
6 7 2 ,9 2 5
1 1 0 ,8 3 3
7 ,0 7 9
< !© © © M
00 CO V x V V ©
©CO COCF©»^©
4 2 ,7 4 4
4 0 3 ,3 9 4
2 ,0 2 1
100
550
50
275
1 18
385
505
54
1 ,4 6 9
6 ,6 4 9
Total........ ........ ............
China, via Vancouver......
....
2 ,1 7 8
7 68
7 9 ,2 1 6
4 ,3 1 9
4 ,6 2 7
2 ,4 5 4
6 ,7 7 2
1 ,6 7 9
4 ,6 3 0
1 5 ,0 0 1
1 ,3 1 0
6 0 ,2 3 3 ,6 0 8
29
449
68
1 64
860
14
I n d i a ................... .............
25
45
1 ,6 8 1
2 3 2 ,2 1 9
4 8 ,9 7 9
5 2 ,0 4 7
6 3 ,6 6 3
7 ,5 8 4
Arabia.................. ..............
Africa........... ..... ................
West Indies.........................
M e x ic o .......................
Central A m e rica .............
Bouth America..... . . . . . . . . . .
Other countries___________
2 ,7 6 0
1 .0 0 4
5 4 ,5 5 5
2 ,9 0 6
5 ,3 8 3
4 ,3 u 4
8 ,3 9 5
2 ,0 6 6
3 ,1 6 7
2 4 ,6 9 8
1 ,5 0 5
to
K>4»
©©<J©
0901
00jS ] ©CDOiMOl
C
O^tF I M © <1© ©
to GO XCOtOCFX
<1<1 <1©CFXM
.
1 89 1 .
W eek. S in ce J a n . 1.
1 1 4 ,3 9 2
3 7 ,2 1 3
7 4 ,6 0 1
4 7 ,5 9 0
1 8,7 68
1892.
J une 21.
M a n u fa ctu re s o f —
W o o l ............
C o tto n . . . . . . . . . . .
S i l k .........................
F l a x .......................
M is c e lla n e o u s ____
to
| 2 9 2 ,5 6 4
¡1 ,2 3 8 ,3 2 7
New Y ork
T o t a l ..................
E n t’d fo r co n su m p t
P s lfi
T o t a l o n m a r k e t . . . | 6 ,4 8 5 ! 1 ,5 3 0 ,8 9 1 i 4 5 5 ,9 3 6
There has again been a good attendance of buyers in the
marketthis week,many out-of-town jobbers being around mak
ing memoranda or placing orders for fall requirements. The
chief business has been in bleached shirtings, the impetus
given to the demand by last week’s price reductions carrying
it forward this week in good style. Such a large number of
•orders have in fact been recorded that the agents have felt
•justified in restoring old prices on some makes and in recall
ing part of the decline in others. A ll popular brands are
now well sold ahead and buyers are turning their attention
to less well known makes, which, so far as intrinsic value
goes, are comparatively cheap. Weather and market con
ditions have improved so much during the past three weeks
that buyers appear to have gained more confidence in the
future outlook, but they are still proceeding cautiously in
their purchases for the balance of this season. The current
movement is therefore moderate only and in most directions
Im p o r t a t io n s o f D ry G o o d s .
is readily taken care of by available supplies, although with
The importations o f dry goods at this port for the week
the exception of some heavy brown goods these would hardly ending June 23, 1892, and since Jan. 1, and the same facta
stand any material expansion in requests for prompt ship for the corresponding periods o f last year are as follow s:
ments. A s will be gathered, the market is in a steady posi
g
g
tion at first hands for leading staple cotton fabrics for do
mestic uses. Jobbers report a fair business in volume for the
2 85 SS-9 5
time o f year, sales being considerably larger than recorded
O §>
g
■ 3«
for the corresponding week last year, but, owing to the pre
Pi; 5
M
©■
o:
vailing price cutting in view of stock taking, there is “ but
O! >
o;
d
•
little money in it.” Both agents and jobbers report satis
factory settlements in all directions.
D o m e s t i c C o t t o n G o o d s . — The exports of cotton goods
from this port for the week ending June 81 were 2,021
CFM
packages, valued at $186,795, their destination being to the
©CF©OX
© V CFCOM M CO
COOT COCOtOCF©
CO0
0t o o l to
COCKOOO
points specified in the table below:
Mtf» to to to © ©
X© COCO00
©if»© MOO
pxrf»oop
tf»*»©CO©
co© x© x
lf»t3<l 01©
©©<130©
c o © to c o ©
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jfc-'d© ©GO
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W&3
J une
THE
2 5 , 1 8 9 2 .J
S tate
and
TER M S
C ity D e ? a b t m s t it .
OF
1059
C H R O N IC L E .
S U B S C R IP T IO N .
The second issue of $500,000 was taken at 95 by the same
parties in connection with the United States Trust Company
of Kansas City after careful investigation, and pending the
litigation mentioned above. The United States Trust Com
pany of Kansas City has also purchased a portion of the first
issue from the original buyers.
The dam,which is now in process of construction, will when
Com m ercial and Financial C H R O N IC L E con
completed
furnish the city with a system of water power
tains 40 to 64 pages published every week.
State and City Supplement of C H R O N IC LE con which will be equivalent to about 14,000 horse power, and it
will create a lake 28 miles long.
tains 180 pages published several times each year.
Investors’ Supplement of C H R O N IC LE (a Cyclo
B o n d P roposals and Negotiations.—Tie have re
paedia of Railroad Securities) contains 160 pages published
ceived through the week the following notioes of bonds
recently negotiated and bonds offered and to be offered for
every other month.
Subscription to CH RONICLE for one year
$10.00,
which includes every issue of both Supplements.
T h e purpose o f this State and City D epartm ent
is to furnish our subscribers with a weekly addition to and
continuation of the State and City Supplement. In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
•hall analyze in the “ State and City Department, we expect
to bring down weekly the information contained in the
S t a t e and City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his Supple
m en t on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
THE D A M BONDS OF AUSTIN, TEXAS.
The issue of Austin City bonds, popularly known as “ The
D am Bonds,” has been repeatedly brought to the notice of
the investing public by the litigation in which the issue has
been involved. These bonds, to the amount of $1,400,000,
were authorized by popular vote on May 5 1890 to be issued
.by the city for the purpose of constructing a dam across the
Colorado River, building a complete system of water-works
and establishing and maintaining a new electric light plant.
Bonds to the amount of $900,000 have already been sold.
'They bear interest at the rate of 5 per cent per annum, pay
able quarterly in gold. The principal, also payable in gold,
falls due July 11918 and the securities are subject to call in
numerical order after June 30 1910.
In the last issue of our State and City Supplement we
made the statement that suits were pending in the courts
"to test the legality of this issue, and that an injunction had
been granted restraining the city from collecting the special
tax for the payment of interest on the bonds already sold and
prohibiting the sale of the remainder.
Since our Supplement was printed we have received further
Information concerning the legal proceedings in this case from
several of the parties most conversant with the details of the
litigation. W e find that a suit which had the above-mentioned
injunction as an end in view was recently filed in the State
court at Austin. A fiat for a preliminary injunction was
signed, but by reason of technical defects the preliminary writ
was not issued.
The bill then came up on its merits,
-the demurrer to it was sustained, the bill was dismissed
and the validity of the bonds
was
thus
affirmed.
About a year ago a similar bill was filed in the same
court. It never came to a hearing and was discontinued by
■the plaintiff himself. There is now pending in the Federal
Court a bill brought against the city by the bondholders of the
Austin W ater Light & Power Co. (a private corporation) seek
in g to enjoin the city from erecting its own water works and
lighting plant, on the ground that the company has a con
tract with the city which would thereby become valueless to
the former. No serious efforts have been made by the com
plainants, however, to bring this bill to a hearing. The valid
ity of these dam bonds has been repeatedly investigated by
eminent counsel, and on each investigation a favorable con
sal®*
—
Altoona, P a.— (State and City Supplement, page 66.)—
Steps are being taken to issue $220,000 of bonds for a new im
pounding reservoir at Kittaning Point. The bonds have been
voted.
.
Ashland, W is.— The City Clerk of Ashland will receive bids
until June 25 for $75;000 of improvement bonds.
A tlan tic City, N. J .- ( S tate and City Supplement, page
5 8 ). — On June 20 the City Council adopted a resolution order
ing a special election to be held on June 30 for the purpose of
submitting the proposition of bonding the city to an amount
not to exceed $1,000,000 for the construction of a building for
a water works plant.
A ttleb iro, Mass.—(State and City Supplement, page 20.)
- A proposition to issue 4 per cent 10-30 year bonds to the
amount of $55,000 for a new pumping station and $10,000 for
new water mains has been voted by the people of Attleboro.
Augusta, Ga.— (State and City Supplement, page 1 6 1 .) A n ordinance has been adopted by the City Council of Augusta
authorizing the issuance of $115,000 of 4)£ per centbonds for
the payment or redemption of bonds maturing next December.
B elm ont County, Ohio.— State and City Supplement,
page 77.)— County Auditor J. A . Henderson writes us that
$30,000 of county bonds have been sold to Spitzer Sc Co., of
Toledo, O ., at 102-80.
Bozeman, M ont.— (State and City Supplement, page 127.)
_City Treasurer M. Langohr writes us that the $o,UUU ot o per
cent 10-20 year bonds advertised for sale on J une 6th wore
purchased by Neher & Carpenter of Troy, N. Y ., at par.
B razoria County, T ex .— This county will issue $16,000 of
5-20 year 6 per cent bridge bonds.
B rooklyn N. 1 . —(State and City Supplement, page 44.)
— The City of Brooklyn $500,000 3% per cent bonds were
awarded to the Emigrant Industrial^Savings Bank, as follows :
$250,000 at 105-05 and $250,000 at l«'4-33. This issue is the
first under the recent Common Council resolution authorizing
a total issue of $4,500,000 for water works extension.
Buffalo. N. Y.—(State and City Supplement, page 45.)—
Bids were opened on June 20 for $100,000 of Buffalo refund
ing bonds bearing interest at the rate of 3)4 Per cent and ma
turing July 1 1912.
_
, ,
,
, ,
'j
The following list of the prices offered has been sent to the
Chronicle by Joseph J3. Gavin, City Comptroller :
N. W. Harris & Co., of New Y ork................................................. .. oa-7S
Western Savings Bank of Buffalo.................................................. inS.«*
Blake Bros & Co., of New Y ork.................................................. f i X i - i . o
Daniel
of -1New
o r k‘...—
in i ‘.i
u
1
/ u l l l c i A.
A . Moran,
ilL U liU l) UA
- , " .YVT
V r V .". .......................... -..............1
AU
F ra n k lin S a v in g s B a n k o f New Y o r k ................................................. l o a n s
G eo. M. H a h n , o f N ew Y o r k . . ................................................................ 7X 1 nrt
G. C. P h illip s, o f New Y o r k . . . . . . ...........................................................
I s a a c W . S h errill, o f P o u g h k e e p s ie .........................- ............................. i n i- n o
E. M o rriso n , o f N ew Y o r k . ..............- .................................................... fJ S .7 »
W . 1. Q u in ta rd , o f N e w Y o r k . . . . . . . . ................................................... v n i .i i a
L a m p r e ch t B ro s & C o., o f N ew Y o r k ............................................... " -1o i *20
E d w a r d C. J o n e s , o f N ew Y o r k ..................................'*
The bonds were awarded to N. W . Harris & Co. at 104*58.
Chambers County, T ex.— The 20-year 6 per cent bonds to
be issued by this county are to redeem floating indebtedness
created prior to January 1 1891.
Chicago 111.— (S t a t e a n d C i t y S u p p l e m e n t , page 90).—
ns tv ComDtroller H . M. May received the following bids
on June 20P 1892 for the purchase of $821
$249,000 of river improvement bonds and $490,000 of sewer
bonds:
Bid.
Amount.
F o re m a n B r o s ....................................... .............. $ K «n’nnn
F irs t N a tion a l B an k C h ic a g o ........................ 1 .^ 6 0 ,0 0 0
N. W . H a rris & C o ............................................. 1 ’ i n n on
$ 10 0 17
10100
102 00
1 0 2 25
102 25
100 68
101 35
102 07
101 25
L e o n a rd S c o t t .....................................................
L e o n a rd 8 c o t t ...............................
L e o n a rd S c o t t ......................................................
H e n d e rs o n B r o s ...................................... ...........
2 ’XXX
2 ’XXX
101 00
101 2 5
101 50
100 00
¿,u u u
clusion has been reached.
Blair
&
Co.
were
awarded
$500,000
of
the
loan
at
102-25,
A s we have already said, up to the present date $900,000 of
and the remainder, $1,06 ',000, went to the First National
the bonds have been sold. The first issue of $400,000 was Bank of Chicago at the same pric®.
The securities will bear
taken by local banks and George W . Brackenridge, President interest at the rate of 4 per cent per annum, and will mature
o f the San Antonio National Bank. The price paid was par 1 July 4 1912, principal and interest payable in gold. The fact
that the debt of the city exceeds 5 per cent of the assessed
and accrued interest.
10H0
THE
C H R O N IC L E .
▼aluatlon restricts the market for Chicago bonds and reduces
the price, as many of the Eastern savings banks are prohibited
by law from buying bonds of cities whose debts do not fall
within the 5 per cent limit.
Cleveland, Ohio.— (S t a t e a n d .C i t y S u p p l e m e n t , page
78.)— The city of Cleveland will receive bids until July 8 for
the purchase of $100,000 of 4 % per cent police station bonds,
maturing May 1 1897, and $217,000 of 4 % per cent city of
Cleveland funded debt bonds, maturing Oct. 1 1898.
Cohoes, N. Y.— (S t a t e a n d C i t y S u p p l e m e n t , page 46).—
City hospital bonds of Cohoes bearing interest at the rate of 4
per cent per annum will be offered, for sale at public auction
on July 2,1892. Viaduct bonds to the amount of $24,000 were
recently awarded to Isaac W . Sherrill, of Poughkeepsie, at
100*85.
D etroit, Mich.— (S t a t e a n d C i t y S u p p l e m e n t , page 95.)—
Twenty bids were received on June 16 for the $100,000 of 4
per cent 80-year park improvement bonds and the $105,000 of
park and boulevard bonds. City Treasurer Thomas P. Twete
reports to the C h r o n ic l e that the securities were sold to
Vermilye & Co,, of New York, at 107*67. These long-term
bonds of Detroit are an exceedingly popular investment.
D istrict o f Columbia.— (S t a t e a n d C i t y S u p p l e m e n t , page
74).— United States Treasurer E. H . Nebeker writes the
C h r o n ic l e that on June 23d $400,000 of 3% per cent bonds of
the District of Columbia were awarded to Harvey Fisk &
Sons, of New York, at 101*291.
These securities will run for
ten years with an option of call after two years.
Duval County, F la .— Charles H . Smith, Secretary of the
Board of Trustees of the St. John’s River Improvement,
writes us that on June 18th $50,000 of 6 per cent 20-40 year
bonds of Duval County were sold to the National Bank of
Jacksonville at 104*1.
The bids, which were received from
»arties in Cleveland, Chicago and New York, as well as from
ocal firms, ranged from 101*55 to 104'1.
This is the first of
these bonds which have been sold, the amount authorized
being $800,000. They constitute the entire debt of the county,
and the proceeds will be used exclusively for improving the
navigation of the St. John’s River between Jacksonville and
its mouth.
East Los Vegas, New M exico.— City H all bonds to the
amount of $10,000 have been sold at 98*25.
i
[VOb. LIT,
L’Anse, M ich.— W ater bonds to the amount of $15,000 haverecently been sold.
L ittle F a lls, M inn.— Mr. J. C. Flinn, Treasurer of the Inde
pendent School District, writes the C h r o n ic l e that school
bonds to the amount of $25,000 have recently been sold toGeorge A . Lewis & Co. of Chicago.
Los Angeles, Cal.— (S t a t e a n d C i t y S u p p l e m e n t , page
139.)— Bids are asked for $320,000 of 5 per cent funding bonds,
falling due June 1 1912, and subject to call at any tim e.
Principal and interest to be payable in gold.
In connection with the above notice City Treasurer M. D .
Johnson makes the following statement: “ The total assessed
property in the city in 1891 was $45,682,439; rate, one per
cent. Total debt, including these bonds, is $992,300; popula- )
tion, 60,000.”
Memphis, Tenn.— (S t a t e a n d C i t y S u p p l e m e n t , page 155.> J
— Taxing District bonds to the amount of $35,000 are called )
for payment on July 1 1892. They are of the series m aturing \
in 1913 and their numbers are as follows :
■!
Nos. 1464, 1470, 1605, 1604, 1603, 1602, 1601, 1600, 1599, 1598, )
1597, 1595, 1594, 1593, 1591, 1590, 1589, 1587, 1586, 1584, 1583, i
1582, 1581, 1579, 1578, 1577, 1576, 1575, 1574, 1573, 1572, 1571, 1
1570, 1569, 1568.
I
N ashville, Tenn.— (S t a t e a n d C i t y S u p p l e m e n t , page* )
156.)—City Recorder James T. Bell writes us that the $160,000 |
of 4% per cent 30-year internal bonds were awarded to Fisher ;
& Shaw of Baltimore at par and a total premium of $291. The t
following is a list of all the bids which were received for the \
loan on June 17th:
t
Brewster, Cobb & Estabrook, Boston..bid par less 2*a p. e. commission
A. L. Landis & Co., Nashville................ bid par less 21a p. c. commission
N. W. Harris & Co.,Chicago.................. bid par less $1,350 commission
Blair & Co., New Y ork..................... ....b id par less $2,278 commission
Farson, Leach & Co., New Y o r k ........b id par less is p. c. commission
Lampreoht Bros. & Co., Cleveland........bid par less $3,200 commission
C. H. White & Co., New Y ork................ bid par less 3*97 p. c. commission
Fourth National Bank, Nashville....................................... bid 96 straight
Fisher & Shaw, Baltimore............................... bid par and $291 premium
N elsonville, Ohio.— Village Clerk Eben W ilson reports to
the C h r o n ic l e that bonds to the amount of $80,000 have been
purchased by N. W . Harris & Co. of Chicago at par. The
details of the loan are as follows:
LOANS—
S e w e r B on ds —
When Due.
LOANS—
W a t e r B onds-
When Due
5s, M & N, $6,000........May 1,1902 58, M & N, $20,000....May 1*, 1902
E lm ira, N .Y .— (S t a t e a n d C i t y S u p p l e m e n t , page 47.)— 5s, M & N, 7,000........May 1,1912 5s, M & N , 20,000....May 1,1912
5s, M & N, 7,000........May 1,1922 5s, M & N , 20,000....May 1,1922
The 8% per cent redemption bonds to the amount of $235,000,
INTEREST payable at the Merchants’ * Miners’ Bank of Nelson«
recently mentioned in these columns, have been sold to Daniel ville, O., or at the First National Bank, New York City.
A . Moran & Co., of New York City, at the following prices :
Newburg, N. Y.— (S t a t e a n d C i t y S u p p l e m e n t , page 50.)
$23,000 due 1912................. 10316 <$23,000 due 1917.........
.104*88
23.000 due 1913.................103*27 23.000 due 1918.................104*46 — W ater bonds of this city to amount of $50,000 fall due on
23.000 due 1914................. 103*53
23.000 due 1919................. 104*5' September 1. They are 7 per cent bonds, issued in 1872. _ The23.000 due 1915.................103 64 23.000 due 1920................. 104*69 Finance Committee of the Common Council is considering a
23.000 due 1916................. 104*91
23.000 due 1921................. 104*82 recommendation from the W ater Board to pay $2,000 of the
Elsewhere in this department we give a complete statement bonds and issue refunders, due in 1912, for the remaining
of the bonded debt of this city at the present date.
$48,000. The rate of interest of the refunding bonds has not
E l Paso, T ex.— (State and City Supplement, page 171.) yet been reported.
New Utrecht, N. Y.— Bids will be received by the trustees o f
— The city of El Paso has voted favorably on the question of
issuing $50,000 of bonds for building a city hall and market School District No. 2, Town of New Utrecht, until June 28 fo r
$18,000 of school bonds of the said district, bearing 5 per cent
building.
Erie, P a .— (State and City Supplement, page 67).— As interest, and the principal maturing at the rate of $1,800 year
previously mentioned in these columns, the City Council of ly from July 1 1893 to July 1 1902 inclusive.
Oakland, C al.— (S t a t e a n d C i t y S u p p l e m e n t , page 139.)—
Erie has been discussing the question of issuing sewer bonds
to the amount of $150,000. City Clerk T. Hanlon now writes Proposals will be received until July 11 1892 for $400,000 of 5
us that there is no immediate prospect of an issue being made per cent school bonds. The principal of the loan will mature*
at the rate of $20,000 yearly, beginning with July 15 1893.
and that possibly no bonds will be floated before 1894.
See advertisement elsewhere in this Department.
F a ll R iver, Mass.— (State and City Supplement, page 24.)
Omaha, Neb.— (S t a t e a n d C i t y S u p p l e m e n t , page 119).—
— Bids will be received until June 28th fora special municipal
loan of $150,000 in 4 per cent bonds falling due at the rate of City Treasurer Henry Bolin has sent the C h r o n ic l e the fol
$7,500 yearly, from July 1 1893 to July 1 1912, inclusive. lowing list of the bids foy Omaha bonds opened on June 20th
Similar bonds of this city to the amount of $95,000 were sold and the awards made :
on the fourteenth of last month at 101*562.
$100,000 20-year-5 per cent School Bonds, dated January 11892:
First Nat. Bank, Omaha, par, accrued int. and prem o f.... $7,889 89*
Freeport, 111.— (State and City Supplement, page 91.)—
Harris & Co., Chicago, par, accrued int. and prem. o f____ 5,083 00
A t a meeting in Freeport, Stephenson County, June 9, a reso
Hayes & Sons, Cleveland, par, accrued int. and prem. o f.. 5,598 00
Lampreoht Bros. & Co , Cleve’d, par, ac’dint. and prem. o f 5,000 00
lution was passed in favor of a law making permanent roads
Awarded to the First National Bank of Omaha.
a county matter, and to authorize the issue of county bonds
$40,600 00 5 per cent 1 to 9-year District Improvement B onds:
for that purpose.
Hayes & Sons, par, accrued interest and premium o f ......... . $ 42 GO*
G rin n ell, la .—The citizens of G-rinnell voted on June 18th
Omaha Savings Bank, par, accrued interest and premium of
9 00*
Blake Bros. & Co., par, accrued interest and premium o f ... 531 86
in favor of issuing bonds for water works. The amount has
Awarded
to
Blake
Bros.
&
Co.
not as yet been fixed, but we are informed by one of the
A s is shown above, the city’s 20-year 5 per cent bonds at this
municipal officials that it will probably be about $25,000.
sale brought $107,889 89.
A t a sale which took |place on.
H anford, Cal.— This city will vote on the proposition of
May 28th 5 per cent 20-year park-bonds were- sold at 106*68.
issuing $ l0,000 of public building and $5,000 of sewer bonds.
O’N eill, Neb.— The people of O’Neill have voted in favor o f
Illio n , N. Y .— Bids will be received until July 1 1892 for
water works bonds to the amount of $15,000.
village water bonds to the amount of $95,000. The loan will
Ord, Neb.— At an election held in Ord it was voted to issue
bear interest at the rate of 4 per cent per annum, and the
$12,000 of school bonds.
principal will mature July 1 1922, optional after July 1 1912.
Owasso, M ich.— Owasso has voted to issue bonds to the
Kansas City, Mo.— (State and City Supplement, page 111.)
— W e learn by wire from Kansas City that no bids were re amount of $10,000 to erect a schoolhouse.
ceived for the $2,000,000 of 4 per cent twenty-year water
Perrfs, Cal.— This place has recently issued $107,000 of irri
bonds which were offered for sale on June 20. A few condi gation bonds.
tional offers were received for the $200,000 of sewer bonds ad
P hiladelphia, P a .— (S t a t e a n d C i t y S u p p l e m e n t , page
vertised for sale on the same date, but no award has been 68.)— City Comptroller Thomas M. Thompson writes us that
made.
by reason of the adjournment of the city council for the
K ent, W ash.— The citizens of Kent voted recently in favor summer no action will be taken upon the proposed $1,< 00,000
of issuing $23,500 of bonds for a water and light plant.
reservoir loan until September. I f the loan is then author
La caster, Pa.— (State and City Supplement, page 67.)— ized the Sinking Fund Commissioners propose to take the en
Bids will be received until June 30th by Robert Clark, Mayor tire amount.
o f Lancaster, for $150,000 of 4 per cent 5-30 year water bonds.
P ortland, Oregon.— The directors of Sellwood school dis
These securities will be exempt from all taxation.
trict No. 4 offer for sale $10,000 15-year 6 per cent bonds.
J
unk
THE
25, 1892.]
1061
C H R O N IC L E .
P rince George’s County, M d.— The County Commissioners | Silv er B ow County, M ont.— (State and Ci t y Supple *
will sell $80,000 of 5 per cent 80-year bonds at the Court House ment , page 128.)— On July 2 Silver Bow County will redeem
1all of its outstanding bonds on presentation.
in Upper Marlboro on June 30 1892.
The total debt of the county, including this issue, will be I Springfield, Mass.—(State and Cit y Supplem ent , page
$105,000. The assessed valuation is about $9,000,000.
30.)—The city of Springfield is offering for sale $50,000 of 3 ^
Queens County, N. Y .— (State an d Ci t y Supplem ent , page per cent bonds due July 1 1902, both interest and principal to
53.)— Bids will be received until June 29th for the purchase of be payable in gold. Bids will be received until June 30 1892.
$100,000 of 4 per cent gold bonds payable May 1 1922, pro The bonds are issued for police headquarters and almshouse
ceeds to be used for macadamizing roads in the town of Ja hospital buildings.
maica. The county will also receive bids on the same date f Superior, W is.— (State and Cit y Supplement , page 100.)
for $150,000 of gold bonds issued for the purpose of funding \— The Finance Committee of the Common Council of Supethe floating debt.
■perior will receive bids until July 2 1892 for the purchase of
Rapid City, S. D ak.— (S tate a n d ^Cit y Supplem ent , page
110.)— In correction of an erroneous newspaper report we
would say that Rapid City, as a city, has never issued bonds
in aid of any railroad. The report probably had its origin in
the fact that the Board of Trade in that city is donating $100,000 in 0 per cent twenty-year bonds to the Dakota W yom in g
& Missouri Railroad, and a part of this loan has recently been
placed.
0 per cent special improvement bonds to the amount o f
$300,000. The bonds will fall due in one, tw o, three, four
and five years, and principal and interest will be payable in
gold. The loan is to be paid by special assessment against the
property benefitted, and shall in no event become a charge
upon the general funds of the city.
In connection with this notice City Comptroller Charles
C. H oyt sends us the following statement of the present
bonded indebtedness of Superior:
Total srenerai bonds issued.................................................... $516,000 OOLess sinking fund....................................................................
59,525 79'
Richm ond, In d.— (State and C it y Supplm ent , page 87.)—
A t a recent election the citizens of Richmond voted to issue
$175,000 of bonds in aid of the “ Big Four ” Railroad.
Total generalnet bonded indebtedness........................... $456,474 21
Total special improvement bonds issued............................$1,250,189 04
Less sinking fund................ ................... ...............................
432,301 87
Rutherford, N. J.— Bids will be received until July 7 1892
by the Mayor and Council of the borough of Rutherford for
the purchase of road-improvement and sewer bonds to the
amount of $75,000, maturing in 1922. Both principal and
interest will be payable in gold, and bidders are requested to
state what rate of interest the bonds shall bear. O f this loan
$50,000 is to be issued for the purpose of macadamizing streets
and $25,000 for sewer construction. This is the first time the
borough has issued bonds, and its total floating debt at present
is $25,000; assessed valuation, $1,034,775.
Total net speoial.bonded indebtedness. . . ....................... $817,887 17’
Population of city about.......................................................
25,000
Assessed valuation in 1 8 9 1 ................................................ $25,349.400
Estimated actual value........ i................................................
70,000,000
$2'16Bate of taxation on $100.......................................................
On June 17th 5 per cent 20-year school bonds to the amount
of $100,000 were sold at private sale.
Radford, Va.— A special election is to be held in Radford to
vote on the issuance of $25,000 of street and school bonds.
Shenandoah, Pa.— It has been voted by the citizens of
Shenandoah to increase the borough debt $95,000 to establish
water works.
Taunton, Mass.— (State and Cit y S upplem ent , page 30).—
W e have received this week from City Treasurer Edward H .
Temple the following list of the bids received for $350,000 of
Taunton water bonds bearing interest at the rate of 4 per cent
per annum, and falling due January 1 1922 :
£ l ® 5 F o r o th er p ro p osa ls see n ex t page*
... —...........
»
N E W LOANS.
N E W LOANS.
N E W LOANS.
$ 3 0 0 ,0 0 0
$ 2 5,0 0 0
O A K L A N D , C A L .,
4 1-2 PER CENT
Registered 4 Per Cent Bonds,
C L E V E L A N D , OHIO,
DUE JANUARY 1st, 1899.
PRICE 103 3-8 AND INTEREST.
School Bonds,
$ 2 0 ,0 0 0
D A TE D M A Y 1, 1892,
D U E M A Y 1, 1 9 0 2 .
INTEREST
PA Y A B L E
SEM I-AN N UALLY A T
TH E AMERICAN EXCHANGE N ATIONAL
C IT Y OF W O R CESTER ,
Registered 4 Per Cent Bonds,
DUE A PR IL 1st, 1905.
BAN K, NEW YO RK .
PRICE 105 3 -8 AND INTEREST.
PRICE 104 AND INTEREST.
W e offer subject to previous sale.
N . W. Harris & Co., Blake Brothers & Co.,
28 S T A T E S T R E E T , BOSTON.
BANKERS,
15 W A L L
S TR E E T,
NEW
CHICAGO.
YORK.
BOSTON.
8100,000
Cascade County, Montana,
Interest and Principal payable in New Y ork City.
Assessed valuation..........................................112,382,864
D ebt.......... .........................................
341,301
Population.................................................................12,600
Price and particulars on application.
So
CO.,
NEW Y O R K ,
T A C O M A , W A S H .,
IS & 74 B’ way.
Merchants’ Nat. Bk. Bdg,
W. 1 . IRWIN.
FRANK KLUS.
F. H. BALLMANN
Irwin, Ellis & Ballmann,
8UCCBSSOR8 TO
Morehead, Irwin
So
Co.,
S to c k , B o n d and N ote B ro ke rs ,
NO.
91
W EST
TH IRD
STREET,
CINCINNATI, OHIO.
5 NASSAU S T R E E T , N E W Y O R K .
CITY AND C O U N T Y
BONDS.
6 P E R C E N T G O L D F U N D IN G B O N D S
C. H. W H IT E
BONDS.
C IT Y OF BOSTON,
BOUGHT AND SOLD.
N. W. H A R R IS & CO.,
15 W all Street. NEW YO R K .
BOSTON
ICAGO.
SOUTHERN
California Securities
OP TH E HIGHEST CH ARACTER.
7 Per Cent Debenture Bonds.
8 Per Cent Guaranteed Mortgages.
W. R . T . Johnston,
60 B R O A D W A Y , N E W Y O B K
C i t y H a l l , O a k l a n d , Ca l i f o r n i a ,
)
O f f i c e C i t y C l e r k , June 3,1892.5
T )U B L IC NOTICE IS H E RE B Y GIVEN THAT*
sealed proposals will be received at the office o f
the Clerk o f the City Council, at the City H all in
Oakland, California, until the hour o f 8 o ’clock P. M ».
on the 11th day o f July, 1892, (at which time they
will be opened) fo r the p urchase o f the whole or ny
part o f the following loan, namely : #400,000 five per
cent City o f Oakland, California, School Building
Bonds, authorized by the laws o f the State o f Cali
fornia.
Twenty bonds o f #1,000 each, numbered 1 to 20, one
o f which, beginning with No. 1, to he paid each year
fo r 20 years.
Twenty bonds o f #750 each, numbered 21 te 40, one
o f which, beginning with No. 21, to be paid each year
fo r 20 years.
Twenty bonds o f #500 each, numbered 41 to 60, one
o f which, beginning with No. 41, to be paid each year
fo r 20 years.
Sixty bonds o f #1,000 each, numbered 61 to 120,
three o f which, begtnning with No. 61, to be paid each,
year fo r 20 years.
Twenty bonds o f #750 each, numbered 1 2 1 to l4 0 ,.
one o f which, b egim in g with No. 121, to be paid each
year fo r 20 years.
Twenty bonds of #1,000 each, numbered 141 to 160,
one of which, beginning with No. 141, to be paid each
year for 20 years.
Twenty bonds o f #500 each, numbered 161 to 180,
one o f which, beginning with No. 161, to be paid each
year fo r 20 years.
Twenty bonds o f #1,000 each, numbered 181 to 200,.
one o f which, beginning with No. 181, to be paid each
year fo r 20 years.
Twenty bonds of #750 each, numbered 201 to 220,.
one of which, beginning with No. 201, to be paid each
year for 20 years.
Porty bonds of #1,000 each, numbered 221 to 260,.
two of which, beginning with No. 221, to be paid each
year for 20 years.
Twenty bonds of #500 each, numbered 261 te 280,
one of which, beginning with No. 261, to be paid each
year for 20 years.
One hundred and sixty bonds o f #1,000 each, num
bered 281 to 440, eight o f which, beginning with No.
281, to be paid each year tor 20 years.
Twenty bonds of #250 each, numbered 441 to 460,.
one of which, beginning with No. 441, to he paid each
year for 20 years.
Payment o f the purchase m oney to be made July
15,1892, at which time the bonds will be dated. In
terest payable January and July o f each year. P ro
posals must state the price offered, the description
o f bonds desired, and be endorsed “ Proposals for*
Bonds.” A ll bids must be equal in amount to th e
par value o f the bonds bid fo r The right Is reserved
to reject any and all bids not deemed fo r the interesto f the city.
Each bid must be accompanied by a certtfled check
payable to the order o f the Mayor o f the City o f Oak
land, fo r 2% per cent o f the amount bid, said check
to be returned to bidder in case bid is not accepted.
JAMES M. B R A D Y ,
Clerk o f th e Council o f the City o f Oakland.
THE WALL STREET JOURNAL.
1062
THE
C H K O N IC L E .
[V ol . ETV.
S T A T E AND C ITY DEBT CHANGES.
Bids.
Third Na1 ion al Bank, of Boston.................................................. 103 -00
Blake Brothers & Co., Boston............. ....................................... 105*91
W e subjoin reports as to municipal debts received since the
E. H. Rollins & Sons, Consord, N. H........................................... J02-7o
last publication of our State and City Supplement.
Brewster, Cobb & Estahrook, Boston......................................... lO d-ol
C. H. White & Co., New York..................................................... 103-31
Some of these reports are wholly new and others cover items
Bpencer Trask & Co....................................................................... 105*03R. L. Day & Co.................... ......................................... ............... i n f "fa 7 of information additional to those given in the Supple mbnt^
Hadwen & Barney, Nantucket, for $5,000 only....................... ,1 0 7-5 9
and of interest to investors.
The loan was awarded to Blake Brothers & Co. at 105‘91
Troy, Ala.—(State and City Supplement, page 165.)—This
-city will sell $40,000 of 30-year 6 per cent water bonds.
Utah T erritory.—(S t a t e a n d C i t y S u p p l e m e n t , page 143.)
—The $350,000 of 5 per cent 20-year gold bonds of Utah were
awarded to E. H, Rollins & Son of Denver.
W heeling, W. Ya.—(State and City Supplement, page
151).—City Clerk Thomas F. Thoner writes the Chronicle
that the city of Wheeling does not contemplate the issuing of
bonds at present or at any time in the near future.
W ilm ington, Del.—(State and City Supplement, page
71.) Proposals for a sinking fund loan of $89,000 will be re
ceived by City Treasurer Joseph K. Adams until June 27 1892.
This loan will bear interest at the rate of 4 per cent per an
num, payable semi-annually on the first days of April and
October in each year, and is redeemable as follows :
Kentucky— M ontgom ery County.— (State and City Sup
plement, page 153.)— The financial condition of Montgomery
County as given below has been corrected to date by City
Treasurer John G. W in n .
County seat is Mount Sterling.
Total debt June 11892. $173,000
Sinking fund assets.......
40,000
Tax valuation 1892.........4,613,498
Assessment *2 to 23 actual value.
F u n d in g D e b t 68, J&J, $113,000........... Jan., 1903 State tax (per $1,000)............ $4-75
aijff
Subject to call Jan., 1893 County tax (per $1,000)........ 6-0Ô
Population 1890 was............ 12,367
R a il r o a d B o n d s—
6s, J&J, $50,000.............Jan., 1897 Population 1880 was............ 10,566
INTEREST—WHERE PAYABLE.—Interest on railroad bonds is
payable In New York at Bank of America ; on other bonds at Mount
Belies 96, October 11902.....................................................................$2,800 Sterling, Ky
Series 97, April 1 1 9 03 ..........................................................
17,100
New Y ork—E lm ira.—(State and City Supplement, page
Series 98, O ctoberl 1903.....................................................................17,550
Series 99, April 11904....-.-.................
18,100 47.)— Mr. D av :d C. Robinson is the new mayor of this city.
Series 100, O ctoberl 1904..............
18,650
Series 101, April 1 1905.. . ...................................................
14,800 Early in March of 1892 Elmira advertised for bids for $285,000
These bonds are to be issued for the purpose o f redeeming of redemption bonds, but the action of the Common Council
Nos. 18 and 19 of the old 6 percent water loan due July 1 in the matter having been illegal, the bids were returned un
1892.
opened by the city.
The loan has been sold this week to
W oodstown, N. J .—Borough Clerk M. D. Dickinson in
Daniel
A
.
Moran
&
Co.,
of New York City. See item under
forms the Chronicle that at a recent election water bonds to
the amount of $30,000 were voted. No decision has as yet “ Proposals and Negotiations.”
been made concerning the details of the new loan or the date
The following statement of the city’s debt and finances has
when the bonds will be offered for sale.
been corrected to date by means of a special report sent to
W orcester, Mass.—(State and City Supplement, page the C h r o n i c l e this week by Thomas S. Smith, City Clerk.
82.)—The City of Worcester $100,000 loan running four
Elmira is the county seat of Chemung County.
months was awarded to F. S. Moseley & Co.
LOANS—
M IS C E L LA N E O U S .
M IS C E L LA N E O U S .
$ 1 6 0 ,0 0 0
$ 4 0 ,0 0 0
LEWIS
C IT Y OF
NASHVILLE,
TENN.,
When Due.
Co u r t H o u se —
6s, J&J, $10,000 ..................... 1896
COUNTY,
IN T E R N A L IM P R O V EM EN T BONDS.
Price and Particulars on application.
& SH A W ,
4 South Calvert Street,
FARSON, LEACH & C O .,
ST. LOUIS.
W ESTERN SECURITIES AND
QRADE
M U N IC IP A L
BONDS
-ÎD W ARD 8 W K I T A K X R .
Ch
arles
H
odgmah
Eeliable Colorado Securities
or Investments
Please write or apply to
2 W all Street.
ST. LOUIS.
MUNICIPAL
$ 5 0 0 ,0 0 0
<6% IN V E S T M E N T S
BANKERS,
Dealers in M U N I C I P A L B O N D S .
143 S u p e r io r ity
6%
F IR S T MORTGAGE GOLD BONDS,
Amounts $5 00 to $ 1 0 ,0 0 0 .
GOLD D EB EN TU R E BONDS,
5, 7 and 10 Years,
»ATLANTIC TRUST CO., N EW YORK, TRUSTEE
Amounts $ 1 0 0 to $1,000 .
A FE W CHOICE
7 PE R CENT F IR S T M ORTGAGES.
W rite for Description.
Lombard Investment Co.
150 B RO ADW AY, NEW YORK.
George E astis & Co.,
BROKERS
O H IO .
Hayes & Sons,
Street Railway Bonds and other high grade In
vestments.
ESTABLISHED 17 YE A RS.
GRADE
M U N IC IP A L B O ND S,
Netting the Investor from 4 per cent to 6
per cent. W rite for Circular.
E. H. Rollins & Sons,
CONCORD,
N. H .
36 W A L L STREET,
New York.
Jos. C. Platt, C. E .,
CONSULTING E N G IN E E R ,
AND
S T O C K
DEALERS,
W e buy and sell outrtjdit all W estern
Municipal Bonds and Stocks. W e
cheerfully fa m ish fa ll and reliable In
form ation concerning any W estern se
curity without charge. Monthly quo
tation circular mailed to all applicants,
New issues o f municipal bonds wanted.
305 P IN K S T R E E T , ST. LO U IS, H O .
M IN N E A P O L IS .
Minneapolis Trust Co.,
H IN N K A P O L IS , M IN N ESO TA.
C A P IT A L , f $00,000.
10 W iL L STREET,
7 Exchange Place.
N E W YO RK.
B o sto n *
Cable Address, “ KEN N ETH .”
H IG H
Geo. M. Huston & Co.
BOND
BONDS.
Cleveland, O h io, P erry-P ayn e B ’ ld ’ g
B o sto n , H a s s ., 53 State Street*
N ew Y o r k , 11 W a ll Street.
T he Gurley Investment
Company,
W. J .
COLO.
BOND AND STOCK BROKERS,
115 Dearborn Street.
BANKERS,
B A N K E R S AN D B R O K E R S ,
8 0 0 N orth F o u rth Street,
Lamprecht Bros. & Co.,
C IN C IN N A T I.
Gaylord, Blessing & Co.,
NEW Y O R K ,
FOR
AND
JN O . H . BLESSLKO.
,
CHICAGO,
B A L T IM O R E , M A R Y L A N D ,
HANKERS
rd
Whitaker & Hodgman,
FOR SALE B Y
-
. Ga y l o
A SPECIALTY.
Dae July 1st, 1 9 22 .
DEXTER,
a
H IQ H
6 !-2s.
-Capital and Surplus,
SAM ’ ii
W A S H IN G T O N ,
4 1-2 Per Cent
F IS H E R
ST. LO U IS.
Real Estate Loams. Gaiety Deposit Vaults.
Acts as Bxeeator, Trustee and Guardian.
DEPOSITORY FOR W ILLS.
P . • . B O Y 1 ,0 0 0 .
Cable Address “ Trust” Minneapolis.
DIRECTORS.
Samuel Hill, P reild en t; Thomas Lowry, First V icePresident; H. F. Brown. Second V ice-President;
Daniel Bassett, Third Vice-President; Clarkson
Lindley, Secretary and Treasurer; Isaac Atwater,
Jas. J. Hill. R. E. Dangdon, A . F. Kelley, W . G.
Worthrup, W m . H. Dunwoody, C. G. Goodrich, Chas.
A. Plllsbury, A. H . Linton, P. B. W inston.
S
H. Wood & Co.,
IN V E S T M E N T B AN K ER S,
Gnarantee Loan Building,
M IN NEAPO LIS,
MINN.,
W A T E R F O R D , N. Y .
Dealers In the highest class o f Minneapolis Seetfrlsies, Bank 8tocks, Mortgages and Bonds.
Examinations and Reports for Investor.
C O K K M P O N D ZX C n SOLICITED.
THE
J une 25, 1892.]
_
LOANS—
5— Interest.— , *------------- Principal.-------------NAME AND PURPOSE.
P.Ot. Payable.
When Hue.
OutstanR'g.
b$6,500
M"& N
Nov. 1,1892
Bridge (iron) bonds.......... o 7
a7,000
M & N Nov. 1,1893
do
do . . . . .. o 7
a7,000
M
&
N
Nov.
1,1894
do
do ...___c 7
T. ,
<Dec. 1,1892-1894)
3.000
do repair. 1890.r 4
J *
$1,000 yearly. 5
d.2,000
J & D Dec. 1, 1892
EireD ep’t bonds... 1890.r 4
d 2,000
J & D Deo. 1,1893
do
do
...1890.r 4
e3,Q00
J & D Deo. 1, 1894
do
do
...1890.r 4
f4,000
Dec. 1,1895
J & D
do
do
...1890,r 4
Aug. 1,1892-1894 ) a6,000
F & A „ $2,000 yearly.
Floating debt bonds.l875.o 7
5
a4,000
F & A Aug. 1,1892
do
do
...1876.0 7
a3,000
Aug. 1,1893
F & A
do
do
...1876.0 7
a2,000
Aug. 1, 1894
F & A
do
do
...1876.0 7
alO,000
Nov. 1, 1895
M & N
Fund’g debt bonds ..1878.0 6
Aug. 1,1892-1894) al2,000
F & A j $4,000 yearly. j
do
do ..1877.0 5
4.000
Aug. 1, 1895
F & A
do
do .1879-80 5
4.000
A & O Oct. 1,1895 &’96
do
do .1879-80 5
12,000
Nov.
1,
1896
I
M
&
N
do
do .1879-80 5
M „ s ( Sept. 1, 1892-94)
d6,000
General fund..........1889.r 3
M & S i $2,000yearly. >
Sept. 1,1892-97 ) a30,000
M &
Park bonds (Eld. Pk.) ’89. r 3
$5,000 yearly. 5
a4,000
Sept. 1,1898
M &
do
do
’ 89.r 3
b3,500
Sept.
1,1899
M &
do
do
’ 89.r 3
------- 1912-1921) 230,000
Redemption bonds... 1892 3*2
$23,000 yearly. >
10,000
Jelly 1,1902
M & N
School bonds— __ 1891.r 4
20,000
July 1,1903
M & N
do
.. ___1891.r 4
28,500
July 1,1904
M & N
do
. . . ___1891.r 4
gl0,000
July 1,1897-98
J & J
___1889.r 3
do
glO.OOO
July 1, 1899
J & J
do
.. ___1889.r 3
a9,000
Aug. 1, 1899
Sewer bonds . - ....18 8 4 .0 4ta F & A
Deo. 15, 1892-94) al5,000
J &
___1882.c 4
do
$5,000 yearly. 5
alO,000
J & J July 1,1895-96
....18 8 3 .0 4
do
a20,000
Aug. 1, 1897
F & A
....1 8 8 3 .0 4
do
a21,000
Oct.
1,
1898
A
&
O
4
....1883.0
do
alO,000
Sept. 1, 1899
M & s
do
.. ___1889.r 3
a20,000
Sept.
1,
1900
M
&
s
_
_
1889.r
3
do
a20,000
Sept. 1, 1901
M & s
___1889.r 3
do
w s
iH
al0,000
Sept. 1, l19o2
M &
___1889.r 3
do
„ -y, ( Deo. 1,1892-1893)
_ 2 000
J &
Street Repair bonds,1890.r 4
&T> \ $1,000 yearly. 5 a ’
d
$2,000
each,
e
A
single
bond
for
a $1,000 each, b $500 each. _
g $5,000 each, c Coupon.
$3,000.
I A single bond for $4,000.
2»
TOTALDEBT, SINKING FUNDS, E T C .-T h e subjoined statement
shows Elmira’s total bonded debt on tne seventeenth of June 1892 and
on thé fourth of February 1891 and 1890.
CHICAGO.
Union National Bank,
CH ICAG O .
1892.
1891.
1890.
$324,430
$334,860
Total bonded debt...............................$318,000
The city’s floating debt on June 17 1892 was $239,000; total debt,,
$557,000.
ASSESSED VALUATION.—The city’s assessed valuation and ta x
rate have been as follows in the years named:
Personal
Rate o f Ta*
Jleal
Property.
Total.
p er $1,000.Tears.
. Estate.
$1,733,100
$15,210,209
$15-32
1892...................$13,477,109
1,733,850
15,038,549
*3-33
1891...........
13,304,699
1,116,200
13,374,694
14-15
1890.................... 12,258,494
1,015,700
12,982,319
13-57
1889 .................. 11,966,619
927,100
12,594,017
1535
1888.................... 11,666,917
511,300
10,471,275
1315
1880.......
9,959,975
* If city tax 1891 had been levied, the rate would have been $13-10
per $1,000, including the school rate $3-33, which was the only city
tax, or part thereof, levied in 1891.
POPULATION.—In 1890 population was 29,708; in 1880 it was20,541; in 1870 it was 15,863.
W ashington—Mount Yernon.—We have recently receive d
the following statistics from O. S. Moody, City Treasurer. N a
report from this city appeared in our S u p p l e m e n t .
Mount Yernon is in Skagit County.
I DANSWhen Hue.
Valuation, etc.
B r i d g e B o n d s—
Total debt May 7 1892.... $20,612
6s J&D $11,500.___June 1,1922 Tax valuation 1892............622,534
Interest is payable in New fork.
Assessment is % actual value.
Bonded debt May 7 1892..$11,500 < ity tax (per $1,000)........... $10-00
Floating d e b t ................... 9,112 |Population in 1890 was—
7-70'
Nebraska—Central C ity —(S t a t e a n d C i t y S u p p l e m e n t ,
page 118.) The following statement of the debt, valuation,
etc , of Central City has been corrected to date by means o f
a report recently received. J. V. Traver is City Treasurer.
This city is the county seat of Merrick County.
LOANS—
When Hue. Valuation, etc-
Tax valuation, real..........$132,499B r id g e B on ds—
6s, M&N, $10,000...... Nov. 8,1918 Tax valuation, personal.. 116,500
Subject to call afterNov. 8,1898 Total valuation 1892....... 248,999
Assessment about ^ actual value.
W ate r Wo rk s—
6s, M&N, $20,000... .Nov. 8,1908 Tax rate per $1,000) 1891 $33-71
Subject to call after Nov. 8,1893 Population in 1890 was........ 1,368
Total debt June 1 1892,.. $30,000 Population in 1880 w as........ 648
INTEREST is payable in New York City.
See n ext page fo r other debt ch an ges.
Title Guarantee & Trust The Jennings Trust Co.>
185 D E A R B O R N S T ., C H IC A G O .
Company
GU ARAN TEES TITLES TO R E A L ESTATE.
O ffe r s i n v e s t o r s i n r e a l e s t a t e s e c u r i t i e s
J. B. Breesb, Member New Y ork Stock Exchange p r o t e c t i o n a f f o r d e d b y n o o t l;e ? s y s te m o f
D. M. Cummings, Member Chioago Stock Exchange • o in g b u s in e s s .
Is authorized by law to act as Registrar o f Stocks
nd Bonds, Executor, R eceiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
BANKERS AND BROKERS,
Trust moneys and trust securities kept separate
111 A N D 113 M O N RO E S T R E E T , irom tlio assets o f the Company.
Breese & Cummings,
CHICAGO
Securities listed in New York, Boston or Chicago
Carried on conservative margins.
A. O. SLAU GHTER, Member N. Y . Stock Exchange
W M . V . B AK ER , Member Chicago Stock Exchange
A . O. Slaughter & Co.,
BANKERS,
111-1T3 LA SALLE STREET,
C H IC A G O , ILLS.
Chicago Securities Bought and Sold.
$ 20 ,0 0 0
CORRESPONDENCE SOLICITED.
DIRECTORS:
Gwynn Garnett,
W. D. K erfoot,
John p -W 'lson ,
George C. Walker,
Edson Keith,
John G. ShortaU,
Geo^M- Bogue.
JohnD eK oven ,
A . H . Sellers.
Samuel B. Chase,
COUNSEL:
John P. W ilson,
W . C. Goudy,
A . M. Pence,
A . W. Green,
6 P E R CEN T 2 0 -Y E A R RONDS
American Biscuit Co.,
r a n k e r s
,
I n t e r e s t p a y a b le s e m i - a n n u a l l y .
FOR SALE BY
COMMERCIAL PAPER,
Henry C. Hackney,
10 0 W a s h in g to n Street,
115 DEARBORN ST., CHICAGO.
CH ICA G O , IC C .
Cahn & Straus,
RANKERS,
128 LA SALLE ST., CHICAGO.
Fred. G. Frank & Bro.
LOCAL SECURITIES A SPECIALTY.
99 WASHINGTON STREET, CHICAGO.
Correspondence Invited.
À G e n e r a l B a n k i n g B u s in e s s T r a n s a c t e d .
ATLANTIC MUTUAL INS. CO. SCRIP
FIltST MORTGAGE LOANS ON IMPROVED CITY
R E A L E STATE FOR SALE.
AUGUSTUS F L O Y D ,
Members o f the Chicago Stock Exchange.
32 PINE STREET, NEW YO R K .
-
$500,000
S U R P L U S , .........................
$40,000
C A P IT A L , PAID U P , -
NEGOTIATES GROUND RENTS in the City Of
Chicago. Takes entire charge o f estates. A cts au
agent fo r the registration and transfer o f bonds and
stocks and the payment o f coupons, interest and
dividends. Authorized by law to receive and executetrusts o f every character from courts, corporations,
and individuals. A legal depository fo r court and'
trust funds.
INTEREST A LLO W ED ON DEPOSITS o f m oney,
which m ay he made at any tim e and withdrawn after
five days’ notice, or at a fixed date.
OFFICERS:
GW YNN GA R N E TT, President.
A . H . SELLERS, Vice-President.
ARCHIBALD A . ST E W A R T , Secretary.
CHAS. B. L A R R A B E E , Treasurer.
Herman Schaffner & Co.
%
CHICAGO.
CHICAGO.
$ 2 , 000,000
P a id -u p Capital.
OF C H I C A G O ,
7 0 0 ,0 0 0
In r p ln i,
92, 94 & 96 W A SHINGTON STREET.
A regular Banking Business Transacted. Accounts
of Banks and Bankers, Mercantile and Manufacturing Capital, paid-np.......................... $ 1 ,6 0 0 ,0 0 0
Firms or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial Undivided earnings, inclnding
and Travelers’ Credits, available in all parts o f the
surplus. ....... .............................
2 2 0 ,0 0 0
globe, issued. Telegraphic Transfers made with all Deposited with State Auditor. .
2 0 0 ,«06
principal European and Dom estic Points. United
States and other first-class Investment Bonds dealt in.
CORRESPONDENCE SOLICITED.
1083
C H R O N IC L E ,
Dealt in by
TRUST FUNDS AN D TRUST INVESTMENTS
-tre kept separate and apart from the assets o f th e
Company.
J. R. W A L S H , President.
CHAS. H. HULBURD, Vice-President.
FRAN KLIN H A T H E W A Y , Secretary.
SAMUEL D. W A R D , Treasurer..
LY M A N A . W ALTO N , Cashier..
Illinois Trust & Savings.
Bank.
CH IC A G O , IL L .
CAPITAL AND SURPLUS., - $ 3 ,2 5 0 ,0 0 0
INTEREST ALLOWED ON DEPOSITS.
This Bank is directly under the jurisdiction andsupervision o f the State o f Illinois, is a LE G A L.
DEPOSITORY fo r Court Moneys, and is authorized
to act as TRUSTEE, EXECUTOR, RECEIVER and
ASSIGNEE fo r ESTATES, IN DIVID U ALS and
C O R P O R A T IO N S .__
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice-President.
W m . H . Mitchell, Second Vice-President, A
W m . H . Reid, Third Vice-President«.
James S Gibbs, Cash’r. B. M. Chattell, A ss’t Cash’r,.
DIRECTORS I
John McCaffery,
John B. Drake’
L .Z . Letter,
W m .H .R e id ,
TZZZ
Wm. H. Mitchell,
John J. Mitchell f
Wm. G. Hibbard,
J. C. McMullin,
D. B. Shipman,
J. Ogden Arm our’ „
Frederick T. Haskell.
1
THE
1064
C H R O N IC L E .
Nebraska— Lincoln,— (State an d C it y S upplem ent , page
119). The following statement of this city’s finances has been
corrected to date by means of a special report received by us
last week from City Treasurer, E. B. Stephenson.
Lincoln is the county seat of Lancaster Co. A . H . W eir is
Mayor.
LOANS—
When Due. 5s, J&J, 100,000.... Aug. 1,1910
Subj. to call Aug. 1,1900
e A l l e y P a v ’ g D is t r ic t s 1,2 &3—
& M is s o u r i P a c i f i c RR.—
6s, Aug., $28,000.......... Aug., 1902
•6s, ann., 1,300........ Nov. 1,1900 5s, J&J, $50,0 0 0 ....Nov. 1,1905
5s, J&J, 20,000.... Jan. 1,1 90 6
C h i . R . I. & P a c . R R .—
R e f u n g in g B o n d s —
5s, J&J, $50,000.........Oet. 1,1900
s, A&O, $30,000..Oct. 1, 1902
d D is t r i c t P a v in g B o n d s —
•6s, Aug., $150,000..Aug. 15,1897 5*38, J&J, $25,000...Dee. 20,1905
subject to call at any time.
6s, ann.,
92,000.. .July 1,1898
6 Se w e r B onds—
6s, ann..
9,000...Oct. 1,1900
6s, ann,, 243,000.. .July 1,1901 5s, M&8, $80,000........Sept. 1,1906
6s, ann., 70,000...Sept. 1, 1901
subject to call after Sept. 1,1891
6s, ann.,
25,200...Oct. 1,1901 5s, J&J, $20,000.......Aug. 1,1910
6s, ann., 79,000...July 1,1914
Subj. to caU Aug. 1,1895
a W a t e r B o n d s , 1 st —
o F r . E l k . & M o . V a l . R R .—
*s, J&J, $50,000.........July 1,1906 6s, May, $7,000.......May 23, 1902
subject to call after July 1,1891 6s, May, 3,000.......May 29, 1902
e F u n d in g B o n d s —
a W a t e r B on ds, 2 d—
10s, J&J, $26,000....July 1, 1895 6s, May, $10,000 ....M ay 29, 1904
6s, July, 20,000...July 10, 1902
a W a t e r B o n d s , 3 d—
6s, Sept. 9,500. ..Sept. 1,1902 6s, Nov., $35,000....Nov. 26,1904
5 *38. A&O, 27,000... .Apr. 1,1906 6s, Dec., 15,000........... Dec., 1904
Subj. to call after Apr. 1,1891 6s, Feb., 40,000.... Feb. 24, 1905
Ì
ft I n t e r s e c t io n P a v in g —
o W a t e r B o n d s, 4 th —
Us, J&J, $100,000___July 1, 1902 5s, A&O, $10,000. . . Oct. 15, 1907
6 W a t e r B o n d s, 5 th—
-5s, J&J, 100,000....July 1,1907
5s, J&J, $10,000.... July 1, 1902
a $500 each, b $1,000 each. « Bonds due in 1902, $1,000 each; those
In 1900, $100 each, d $7,000 of bonds due Sept. 1,1901, $700 each;
all others $1,000 each, e Bonds due in 1906, $1,000 each; others $500
each. /B o n d s due in 1902, $1,000 each; those in 1905 $500 each
PAR VALUE OF BONDS.—A» indicated above, the bonds are
mostly for $1,000 eaoh.
INT E REST .—Interest is payable in New York
TOTAL DEBT, SINKING FUNDS, ETC.-The subjoined statement
«hows Lincoln’s total municipal debt on June 11892.
Totalff unded debt (including water debt).............................. $1,585,000
Water debt........ ............................................................................
180,000
ASSESSED VALUATION.—The city’s total assessed valuation (1-10
actual value) a n d tax rate for the last three years has been as follows
1891.
1890.
1889.
Total assessed valuation........ $6,000,000
$10,133,098
$9,997,346
Total tax rate (per $1,000).....................
$66*40
$65*50
City tax preper (per $1,000) in 1891 was $45,000.
POPULATION.—In 1890 was 55,154; in 1880 was 13,003.
EXPLAN ATO RY OF BONDS.—Many of the bonds are subject to
call before maturity, certain of these being indicated in the table above.
F lo rid a — Orlando—(State and C it y S upplement , page
163). The following report of Orlando’s debt has been sent us
this week by W . F. Barnes, City Treasurer. The general
revenue and public improvement bonds due in 1917 have not
as yet been issued. Of the latter $10,000 are now being
offered.
This city is in Orange County.
LOANS—
Iow a—Panora.— W e give below a statement of the finan
cial condition of Panora, which has been received this week.
M. M. Reynolds is Treasurer.
No report from this city
appeared in our recent Supplem ent .
Panora is in Guthrie County.
LOANS—
When Due. Total debt June 15 1892.. $6,400
W a te r W o rk sTax valuation 1892........ 128,500
68, J&D, $6,400.......May 27,1912 Assessment is % actual value.
Subject to call after May 27,1902. Total tax (per $1,000).......... $45 *00
Interest is payable in New York.
Population in 1890 was............. 809
8 P E R CENT D IV ID E N D
UNITED STATES DEPOSITARY.
Angus Mackintosh, Pres. |Abram Barker, Vice-Pres.
W m . T. W ick ware, Cashier.
Capital, $2 00 ,0 00 I Surplus, etc., $4 0,00 0
Interest-bearing Certificates of Deposit.
Superior Collection Facilities.
Correspondence Solicited.
Merchants Nat’l Bank,
PORTLAND, OREGON.
Paid Capital.................................. $1 ,000 ,00 0
J . LOEW ENBERG, Pres. JAS. STEEL, Vice-Pres.
I. A . MACRUM. Cashier.
BELLS SIGHT EXCHAN G E
AN D TELE
G R A P H IC TRAN SFERS, and ISSUES LETTERS
o f CREDIT available throughout the United States
DRAWS BILLS OF EXCHANGE on London,
Liverpool, Dublin, Parle, Berlin, Frankfort-on-theMain, and all the prinolpal cities of Europe; also on
Hong Kong.
COLLECTIONS MADE on all accessible points.
Commercial Bank,
TACOMA, WASHINGTON.
PAID-UP CAPITAL $ 2 0 0 ,0 0 0 .
Six Per Cent Coupon Certificate o f Deposit, running
One or Two years. Interest and Principal payable at
the Merchants’ Exchange Nat. Bank, New York City.
This Certificate has a coupon attached, which can
be cut off when due, and presented to any Bank for
payment, the same as a New York Draft. A most
convenient m ode o f investing your surplus money.
W rite for a copy o f the Certificate.
A. B r id g m a n , Cash. G r a t t a n H . W h e e l e r , Pres
S A N F R A N C IS C O .
The First National Bank
O F SAN FRANCISCO, CAL..
UNITED STATES DEPOSITARY.
CAPITAL,
.
.
.
$1 ,5 0 0 ,0 0 0
SURPLUS,
.
.
.
$ 7 5 0 ,0 0 0
B. G. M u r p h y , President. E. D. M o r g a n , Cashier
J,a m b s M o f f i t t , V.-Pres. G. W. K l i n e , Asst. Cash
GENERAL BAN KIN G BUSINESS.
ACCOUNTS SOLICITED.
A N D S U R P L U S E A C H YEAH.
The Columbia Nat’l Bank
TACOMA,
WASHINGTON,
Bonds, Stocks and Investment Securities.
606 FIRST NATIONAL BANK BUILDING,
Omaha, Nebraska.
M IS C E L LA N E O U S .
Mortgage Loans
IN
TEXAS.
O COMMISSIONS charged borrower or lender until
loans have proven good.
FRAN CIS S M IT H
Ac CO.,
SAN ANTONIO, TEXA S.
W IL L IA M H E N R Y C H AN D LE R
W A L D R O N S H A P L E IG H ,
4c
Chemical Engineers and
Consulting Chenrsts.
organized w ith a «m a il cap ital, in
order to h an d le th e profitable business,
presented, w i l l increase Its capital to
$ 5 0 0 ,0 0 0 , a n d offers a p o rtio n o f the
Chemical Industries Investigated, New Processes
Plans and Specifications o f W orks Fur
increase to Investors at 10 2 per share, Examined.
nished. A lso Yearly Contracts fo r Consultations.
B oo k v a lu e . T h e 2 per eent prem iu m Boons 97 4c 98, 80 Broadway, New York.
w ill he placed to profit aeeou n t, an d
carried to su rp lu s In J u ly n ex t. T h e
B a n k confines its operations strictly to
com m ercial bu sin ess.
A SP E C IA L T Y .
T h e average earnings o f the N ation al
B a n k s In th e State o f W a sh in g to n for
Gas, Railroad and Electric Light Co.
Stocks.
the past five, years w ere 18 per eent, as
sh o w n by th e report o f theJComptroller
G EO . B . R I P L E Y ,
o f the Currency fo r 1 8 9 1 .
68 B r o a d w a y . R o o m 8.
F u n d s m ay he sent direct to th e B a n k ,
an d stock certificates w i l l he fo r w a rd
ed a t onee. F o r statem en ts, list o
stock h o ld ers, a n d fu rth er particu lars
address
BOOKS
AUDITED
H E N R Y O L IV E R ,
New forms designed for books ot account.
P resident.
Settlement of Insolvent Estates.
THE
4X8 Exchange Building, 68 State Street Boston.
Staten Island Securities
W M . FR A N K LIN 'H A L L
A C CO U N T A N T
Lewis Investment Co.,
DES MOINES, IO W A .
Ca p i t a l
p a id
Up ,
-
•
|150,000.
Choice Investments in the most Conserva
tive Field in the W est.
M U
G. R . Voss,
Commercial Paper,
Sc h o o l P u r p o s e s —
J&D, $10,000.......Dec. 1,1908
Subject to call after Dec. 1,1898.
Merchants National Bank A Substantial Investments
OF S E A T T L E , W A S H IN G T O N .
When Due.
7s, J&D, $15,000.......Deo. 1, 1908
Subject to call after Deo. 1, 1898.
Bonded debt June 1 ’92. $60,000
G en eral R evenue—
5,00 0
Floating debt.............. ,.
7s, J&J, $5,000..........July 1,1917 Total debt June 11892..
65,000
Subject to call after 15 years.
Tax valuation, real.......1,350,855
P u b l ic I m p r o v e m e n t —
Tax valuation,personal. 262,901
7s, M&N, $15,0 0 0 ....Nov. 1,1911 Total valuation 1891... 1,613,756
7s, J&J, 15,000... ..July 1,1917 Assessment same as actual value.
Subject to call after 15 years.
City tax (per $1,000)....
$10*00
Population in 1890 was......... 2,856
INTEREST is payable at the National Bank of Deposit, New York
City.
F l o a t in g D e b i
ts,
M IS C E L L A N E O U S
P A C IF IC COAST.
[ V »u U V .
n r n
p r h i T Guaranteed First Mortgages on improved lands
n Iowa and Eastern Nebraska. Safe and Desirable.
5IA re n IlClu I
A|Y
DCD
Debenture Bonds, secured b y deposit o f First
Mortgage Loans with an Eastern trustee. F if t e e n
Ye a r s ’ Su ccessful E x p e r ie n c e . Se n d f o r P a m
ph let.
tflA r Elf
A C U T
UCn I
W. A. HOTCHKISS,
GEO. H. LEW IS,
Act’g Secretary
President.
The Mutual Benefit
LIFE INSURANCE CO., N EW AR K , N. J .
a m z t DODD,
.
President.
Assets (Market Values), Jan. 1,1802... .«48,030 278 05
Liabilities (N.Y. and Mass. Standard).. 45,384,488 00
3aryiUB....................................................
VW
Surplus........................................................ 3,545,702 05
lurplus, by form er N .Y . Standard,
(Am . Ex. 4Jtf per cent R e se rv e )......« 6,137,600 05
POLICIES ABSOLUTELY NON-FORFjSITABLE AFTER
SECOND YE AR .
In o ase o f l a p s e the P olicy Is c o n t in u e d i n forch
is long as Its value will pay for: or, If preferred, a
Paid-np policy fo r its fu ll value is Issued in exchange.
A fte r the second year Policies are in c o n t e st a b l e ,
jxcept as against intentional fraud ; and aU rcstrifr
ions as to residence, travel or occupation are removed.
Ca s h l o a n s are made to the extent o f 50 per eent
>f the reserve value, where valid assignments o f th «
policies can be made as collateral security.
L osses paid immediately upon com pletion and
prov.il o f proofs.
Juins 25; 1892.]
THE
C H R O N IC L E
lx
Sau feexs kvlA 'ßvokzxs in g j wo gutrfc
B oody , M cLELLAN
*C
O .,
BANKERS,
Broadway, opposite Exchange P lace.
P. O. BOX 447.
W
Investment Securities
▲ specialty, Including Water Bonds, Car Trust
' Bond and first-olass Ballway Bonds.
Parti alars furnished on application,
i
DXYTD A. BOODT,
CHAS. W. MCLXLLAN,
Samuel D. Davis & C o.,
Sa m u e l d . D a v i s ,
BROKERS,
Howard Lapsley & C o.,
N o . 1 Exchange C o u rt,
NEW
H , L N ic h o l a s ,
W . C. T a t l o r ,
T R U S T C O ’S STOCKS.
Specialties for Twenty Tears.
D ea lt In by
W I L L I A M C. N O Y E S
NEW
YORK.
Haven & Stout,
BAN K ER S
AND
B A N K E R S AND B R O K E R S .
11 W all Street, New York.
Gilman Son & C o.,
Robertson & James,
BOND &
STO CK
Emerson
&
No. 7 NASSAU STREET,
(Continental National Bank Building,)
N ew Y o rk .
STOCKS, BONDS AND INVESTMENTS.
a
. L. L ee.
g
. b . W a t t s , Jr
BANKERS AND BROKERS.
4 4 and 4 6 B roa dw a y, New Y ork .
E. LA M o n t a g n e , j e „ Member N. V. Stock Exoh
H e r m a n Cl a r k e .
W a l l a c e B. Sm i t h .
Private wires to Philadelphia, Pittsburg. Soran*
ton, Reading, Wilkesbarre Lancaster and Bethle
hem. Private wire to Chicago.
Metropolitan Traction
Stock,
80 BROADW AY.
Controlling the
BROADW AY
at
CABLE
ROAD
46 W a ll S tr e e t, N e w Y o rk ,
Investment
T.
Securities
a
Specialty.
S. Y o u n g , J r „
W . A N elsov
Member N. V. Stock Exchange.^T*i&____ g®
Fahnestock & C o.,
B A N K E R S AND B R O K E R S ,
2 W a l l Street, Mew Y o rk .
Supply selected investment bonds for oadh or
exchange for marketable securities.
Execute commission orders for investors at the
Stock Exchange or in the open market.
Furnish Information respecting bonds.
R . T . Wilson & C o.,
38 W a ll Street, New Y o r k .
30 B roa d Street, New Y o rk .
Stew art B row n ’ s Sons,
Members New York Stock Exchange,
STO C K B R O K E R S ,
and Investment Securities.
& Nelson,
Rolston & Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
W. H. ROLSTON,
2 0 B road Street,
W. ALEX. BASS, Jr.
NEW Y O R K .
Members N. Y. Stock Ex.
EDWIN 8. HOOLEY.
P. O. Box 8,080.
Dick Brothers & Lawrence,
DEALERS IN ALL KINDS OF
Young
INVESTMENT BONDS A SPECIALTY
BANKERS AND COMMISSION MERCHANTS
N o. 2 0 NASSAU S T ., N E W Y O R K ,
So u t h e r n Se c u r i t i e s a Sp e c i a l t y '
M ARG IN ACCOUNTS SO LIC ITE D .
1*16 P er Cent Commission.
INTEREST ALLOWED ON BALANCES.
R efers to R e lia b le Banks.
Correspondence Invited.
ESTABLISHED SINCE 1863.
and the principal cross-town horse car lines,
BO UG H T AND SOLD B Y
T urnbull
Simon Borg & C o.,
Railroad
Fred H . Smith,
BROKERS,
3 0 B R O A D S T R E E T , N. Y .,
Turnbull,
K. B. E m e r s o n ,
ram s
Member N. T. Stock Exchange.
B A N K E R S AND B R O K E R S ,
5 6 B R O A D W A Y , N. Y .
BOSTON OFFICE, 53 STATE ST.
Members of the New York and Boston Stook Ex
changes. Private wire between the two offioes.
Information given In regard to all Boston seour
ties, and quotations furnished.
Mo. 20 Broad Street, New York.
R o b e r t Go o d b o d y .
BANKERS AND B R O K E R S
" B O N D S .
BONDS
Dealers in Investment Secnrities,
L a Montagne, Clarke & Co.,
» »
RANKERS,
Parkinson & Burr,
Hatch & Foote,
S E C U R IT IES,
Redmond, Kerr & C o.,
(Established in 1866.)
BANKERS AND BROKERS,
1 6 a n d 18 B r o a d Street, N ew Y o r k .
Members of the New York Stock Exchange and of
the Philadelphia Stock Exchange.
R o b e r t j .K i m b a l l . A l f r e d B. L o u n s b e h r y .
39 W A L L S T ., M IL L S BU ILDIN G,
NEW Y O R K .
IM E S T M E Y T
H e v r y 8. R edmowd , Member N. V . Stock Exchange
H b k r y 8. K e r r , Formerly with Chas. T. W ing S u e
G il b e r t M. P l y m p io n , Special.
*
AND OTHER INVESTMENT SECURITIBa
B A N K E R S AND B R O K E R 8
Stocks and Bonds B ought and Sold on
Com mission.
INTEREST ALLOWED ON DEPOSITS.
7 P IN E S T R E E T , N E W Y O R K .
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
R . J. Kimball & C o.,
Robert Goodbody & C o.,
BONDS,
Railway and Real Estate Securities
and Investments.
No. 1 2 0 B R O A D W A Y , N E W Y O R K ,
EQUITABLE BUILDING,
In addition to a General Banking Business, Buy
and Bell Government Bonds and Investment Se
curities.
ISSUE DAILY MARKET LETTER.
T. G. Zachry,
WM. M. HARRIMAN, Member N. V. Stock Exchange
NICHOLAS FISH.
OLIVER HARRIMAN, Jr.
NO. 41 W A L L S T R E E T , N E W Y O R K .
Transact a general banking business. Allow inter
est on deposits.
Bay and sell Bonds and Stocks on the New York
Stock Exchange or in the open market for
or
on margin. Deal In
BANKERS,
NO. 6 2 C E D A R S T R E E T .
BROKERS
Members of the Consolidated Stock and Petroleum
Exchange.
Buy and Sell R a ilro a d Stocks and Bonds
at l “16th per cent Commission.
Private telegraph wires to Provldenoe and Boston
G.B. TAINTOR. G. D. L’HUILIKR. Q. H. HOLT
BANKERS AND BROKERS.
INVESTMENT SECURITIES A SPECIALTY
^ E x c h a n g e C o u r t , N. Y,|
W.
J . s . N ic h o l a s
m . m ater.
H . I. Nicholas & C o.,
F IN A N C IA L
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
Harriman & C o.,
YORK.
P riva te W ires to Boston and P h iladelphia.
NEW Y O R K AND B R O O K L Y N
BROADW AY,
. v a n Nostrano ,
Members N. V. Stock Exchange.
IN V E S T M E N T S E C U R IT IE S .
C. H. HUESTIS
(Member N. T. Stock Exchange)
L. M. SWAN,
E. H. LADD, JR.,
_ - _„ __ __
General Partners.
C. D. WOOD, Special Partner.
96
ch as. b
Member N. V. Stock Exchange
BANKERS AND BROKERS,
AND DEALERS IN
No. 11 Wall Street, Cor. New, New York#
No. 44 W A L L ST ., N E W Y O R K .
(W ood, Huestis & C o.,
COMMISSION
B A N K E R S -1
AND DEALERS IN INVESTMENT SECURITIES’
H xn ry T. Boodt.
81 Pine Street, New York City.
Taintor & Holt,
BANKERS
BANKERS,
18
W ALL
STREET, N EW
YORK.
Established 1 865.
MEMBERS OF NEW YORK STOCK EXCHANGE
Allow Interest on deposits subject to sight check.
Buy ana sell on commission stocks and bonds either
for eash or on margin« and deal In
Investment Secnrities.
A. M. Kidder,
H jj. Morse
chas. d . martin ,
w. m. Kidder.
64 B R O A D W A Y , N E W Y O R K .
Stooks and bonds bought and sold on commission
in small or large lots. Accounts solicited. Infornation promptly given.
W . H. Goadby & C o., 5
B A N K E R S AND B R O K E R S ,
N O .
24
B R O A D
New l Y o rk .
S T R E E T .
THE
[Y o l . LIT,
C H R O N IC L E .
% x n s X C a m p a n te s.
Union Trust Company
OF N E W Y O R K .
80 Broadway, New York.
C A P IT A L - - SU RPLU S- - -
-
$ 1 ,0 0 0 ,0 0 0
- $ 4 ,0 0 2 ,5 1 8 9 »
Authorized to act as Executor, Administrator,
Guardian, R eceiver or Trustee, and is
A LE G A L DEPOSITORY FOR MONEY.
A cts as Trustee o f mortgages o f corporations, and
acoepts the transfer agency and registry o f stocks.
Allows interest on deposits, which may
any time, and withdrawn on five days notice, witn
nter eat for the whole tim e they remain with the
*For*tjTe convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
upon the resulting daily balances. Such checks pass
•SSSfi“.S
S 'B ’ffii « m o « o £
R E A L ESTATE and to the collection and remitanoe o f rents.
f'S J M
It makes ampleprovision in its
ma
HEW BU R G LA R AN D FIRE PROOF V AU LTS
lo r the safe keeping o f securities placed in its cus
tody. on which it collects and remits income.
TRUSTEES.
, „
H . V an Rennsl’r Kennedy
W m. Whitewright,
James H . Ogilvie,
Henry A . Kent,
James T. W oodward,
R. T. Wilson,
George A . Jarvis,
Wm. F. Russell,
C. Vanderbilt,
6. D. W ood,
A . A . Low,
James N. Platt,
G. G. Williams
D. C. Hays,
R. G. Remsen,
Wm. A lex. Duer,
Edward Schell,
Charles H. Leland,
Amasa J. Parker,
Edward King,
Samuel F. Barger
E. B. W esley,
Geo. C. Magoun,
5. H. M cAlpi?,
W . Emlen R oosev elt
George B. Car aart,
Chauncy M. Depew.
EXECUTIVE COMMITTEE.
W m . Whitew right,
G. G. Williams,
Edward Schell ,
E .B . W esley.
Geo. C. Mago nn,
C. D. W ood,
B ' C. Hays,
James T. W oodward.
E D W A R D KING, President.
B
S
M
i ï r
!
AUGUSTUS W . KELLEY, Secretary.
J. V . B. T H A Y E R . Assistant Secretary.
, Knickerbocker Trust
Company,
2 3 4 FIFTH AVE., COR. 27T H STREET.
Branch office, 18 W all St. and S Nassau St.
CAPITAL AND SURPLUS, - » 1 ,0 0 0 ,0 0 0
DESIGNATED LE G A L DEPOSITORY.
A cts as Executor or Administrator o f Estates ana
as Guardian, Receiver, Registrar, Transfer and
Financial A gent fer States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. BAR N EY , Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
DIRECTORS t
John S. Tilney,
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, Jr,
R obert G. Remsen,
Frederick Q. Bourne
Henry W . T. Mali,
R obert Maclay
Andrew H . Sands,
C. Lawrence Perkins,
James H . Breslin,
Edward W ood,
Gen. George J. Magee,
m . —H . Beadleston.
L Townsend Burden.
..W—A lfred L. W hite.
PR BD’K L. ELDRIDGE, Secretary.
________ j . H EN RY TOWNSEND. Assist. Secretary.
United States Trust Co.
O LD C O LO N Y
T R U S T C O M PA N Y
BOSTON, MASS.
Capital
$ 1 ,0 0 0 ,0 0 0 011
Surplus, 6 0 0 ,0 0 0 00
Transacts a General Banking Business
ALLOWS INTEREST ON DAILY BALA1-SSES SUBJECT
TO CHECK.
TRUSTEE UNDER MORTGAGES. TRANSFER AG B N
REGISTRAR.
B O A R D O F D IR E C T O R S .
T . Jefferson Coolidge, Jr. ^President.
Frederick L. Ames,
John F. Anderson,
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Higginson,
Henry S. H owe,
W alter Hunnewell,
William P. Mason
•
George V on L . Meyer
Laurence Minot,
Richard O ln e r .
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer
John I. Waterbury,
Stephen M. W eld,
Henry C. W eston.
T. JEFFERSON COOLIDGE, JR., President.
GEO. P . GARDNER, Vice-President.
C. S. TUCKERMAN, Vice-Pres. and Treasurer.
E. A . PH IPPE N , Secretary.
OF NEW YORK,
45 and 47 Wall Street.
CAPITAL AND SURPLUS». - » 0 ,7 5 0 ,0 0 0
This company is a legal depository fo r m oney
paid into court, and is authorized to act as guardla
or I
W ilson G. Hunt,
Daniel D. Lord,
Samuel Sloan,
James Low,
W m . W . Phelps,
D. Willis James,
John A . Stewart,
Krastus Corning,
New York Guaranty &
Indemnity Co.,
59 C E D A R S T R E E T , N E W Y O R K ,
M u tu a l Life B u ild in g .
C A P IT A L ,
SU R PLU S,
-
-
-
$2,000,000
$500,000
TRANSACTS A GEN ERAL BAN KIN G AN D
TRUST COMPANY BUSINESS, AND SOLICITS
T H E ACCOUNTS OF CORPORATIONS, FIRMS
AN D INDIVIDUALS.
INTEREST ALLO W ED ON DEPOSITS.
EDWIN PACKARD. President.
ADRIAN ISELIW, Jr., Vice-President.
GEO. R. TURNBULL, 2d Vice-President.
HENRY A. M URRAY, Treas. and Sec.
J. NELSON BORLAND, Assist. Secretary
DIRECTORS.
Samuel D. Babcock,
James -N. Jaryie,
Frederic Cromwell,
Augustus D. Juilliard,
Josiah M. Fiske,
Richard A . McCurdy,
Walter R. Gillette,
A lexander E. Orr,
R obert Goelet,
Edwin Packard,
George Griswold Haven, H enry H . Rogers,
Oliver Harriman,
H enry W . Smith,
Charles6]?. Henderson,
ÎY e K k % °V a n ^ r b ilt.
Adrian lselin, Jr.,
William C. Whitney,
J. H ood W right.
EXECUTIVE COMMITTEE.
Samuel D. Babcock,
Richard A . McCurdy
Frederic Cromwell,
Edwin Packard,
George Griswold Haven, H . McK. Twombly,
Augustus D. Juilliard,
H enry H . Rogers,
Adrian lselin, Jr,
The Nassau Trust Co. Mississippi Valley Trust
101 Broadway, Brooklyn, N. Y .
C A P IT A L ....................................... ...
Company,
Deposits received subject to check at sight, and
Interest allowed on the resulting daily balances.
Certificates o f deposits issued for tim e deposits,
on which s p e c i a l r a t e s will be allowed.
Interest commences from date of deposit.
Authorized by law to act as .Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver,
Flsoal and Transfer A gent and as Registrar o f
Stocks and B onds; Is a l e g a l depository lor
Trust Funds and for moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
Hew York Clearing House.
A . D. W HEELOCK, President.
W H jLIA M DICK,
f V ice-Prest’s
d
V
JL
L
X
l TRU8LOW,
X
t»U
W
JV
»M )
JOHN
F. RICHARDSON. Secretary.
30 3 N orth 4 th Street,
ST. LOU IS, M ISSO UR I.
Capital................... ...................... » 1 .5 0 0 ,000
St. Louis Trust Co.,
»3,00P,00vl
John T. Davis,
A lvah Mansur,
Daniel Catlin,
Edward S. Rows«,
gam’l W . Fordyce,
Jno. A . Scudder,
t t p h u s Busch.
Edward C. Simmons,
Henry C. Haarstick,
Edwin O. Stanar A,
W m . L. H ose,
J-C . Van Blareom,
4 Okas. D. MoLure,
^ T h os.H .W est,
Edwards Whitaker.
■ y . TSO S. H . W EST, President."
JOHN D. FILLE Y, Secretary.
A . C. S TE W A R T, Counsel.
A llow s Interest on Deposits. Executes^'KTurts o f
•very Description. A cts a* Registrar and Transfer
A gent, Ac
Metropolitan Trust Co.
37 a n d 39 W a ll Street. N ew Y o r k .
Paid-Up Capital .........................
Designated as a legal depository by order oi
Supreme Court. R eceive deposits o f m oney on in
terest, act as fiscal o f transfer agent, or trustee for
corporations, and accept and execute any legal trusts
T orn persons or corporations, on as favorable terms
as other similar companies.
Thom as Hillhouse, Pres. Fred’k D. Tappen, V.-Pres
0 . M. Jesup, 2d v!-P res.
Beverly Chew,Secretary.
George D Coanev. Assist an Secretary-!
TR U STE E S:
Jno. H . Rhoades,
A nson P. Stokes,
George Bliss,
W m . Lihbey,
John C. Brown,
Edward Cooper,
W . B’y ’d Cutting,
Chas. S. Smith,
Manhattan
W m.Rockefelle*»
A lex. E. Orr,
W m.H. M aoj,Jr«
W m . D. Sloan*
G. H. Schwab,
Frank Lyman,
Geo. F. V ietor.
W . W ald. A stor
Trust
Co.
Corner of W all and Nassau Sts., N. Y.
CAPITAL..................................... .....
DIRECTORS
F. O. French, N. Y .
H . W . Cannon, N. Y
R. J. Cross, N. Y .
John R. Ford, N. Y.
H . L. Higginson, Boston. T. J. Coolidge, jr.. Bos.
August Belmont, N. Y .
James O. Sheldon, N. Y.
E. D. Randolph, N. Y.
A . 8. Rosenbaum, N. Y.
H. O. Northoote, N. Y .
John N. A Griswold. N. Y „
C. C. Baldwin, N. Y
Sam’l R. Shipley .P hila.
Chas.F. Tag~N. Y
R. T ^ U s o n , N. Y .
John Kean, Jr., N
J. I. W aterbury, N. Y
F. O. French, President.
J. I. W aterbury, V.-Pres
A . T. French, Secretary and Treasurer.
ALLOW S INTEREST ON DEPOSITS. E X E
CUTES TRUSTS OF E V E R Y DESCRIPTION .
R EG ISTR AR AND TRAN SFER A GENT
Union Loan & Trust Co,
SIOUX C IT Y , IOW A.
INCORPORATED 1885.
CAPITAL, Paid Up In Cash....» 1 ,0 0 0 ,0 0 0
SURPLUS......................................
1 7 5 ,0 0 0
DEALERS IN HIGH-GRADE COM
MERCIAL PAPER,
A supply of which It always has on hand fo»
sale at Current Rates.
MUNICIPAL, CORPORATION AND
SCHOOL BONDS.
No Stronger Loan and Trust Company 1b
the W est. Correspondence solicited.
GEO. L. JOY, Pres.
A . S, GARRETSON, Vlce-Pres.
E. R . SM ITH, Sec’ y.
Prompt Attention Given to Collections.
Investments in the South.
Exchange Banking &
Trust Company,
UNDER ST AT E SUPERVISION.
»2 0 0 ,0 0 0 deposited with State Officer te
protect trust liabilities.!
A G E N ERAL TRUST COMPANY BUSINESS.
Allow s Interest on Deposits.
Authorized to act as Executor, Guardian, Receiver,
Trustee, Ac. Managés Estates. Collects Rents.
Becom es Surety on all kinds o f Court Bonds.
Has Safety Deposit Vaults; a Savings Department.
TRUSTEES i
INVESTMENT SECURITIES A SPECIALTY.
John
Loughran.
Bernard
Peters,
Wm. Dick,
Ed
ward
T.
Hulst
j
DIRECTORS: ^
J „ J,
W m . E. Horwill,
A. D. Baird
L. G. McNair,
Chas. H . Bailey;
Darwin R. James, J. B. V oorhees, Jno.McLaughlin, Charles Clark,
Thos T. Turner, John D. Perry, F. W . Paramore,
A . D . W heelock, A . M. Suydam,
H. B. Tuttle,
W
m
.E.W
heelock
W
m.
F.
Nolker,
John
Scullin,
Geo.
H.
Goddard,
W m . F. Garrison,
John Trnslow,
Jno. T. W illetts, O. F. Richardson, T O’Reilly. M. D., B. F. Hammett, James Campbell,
Ditin as Jewell,
gam’l M. Kennard, S. E. Hoffman, August Gehner,
Chas. H. Russell, Henry Seibert.
F. W . Wurster,
A uk B. Ewing,
D. W . Caruth, Julius S. Walsh,
S R Francis.
B. F. Hobart. Williamson Bacon,
OFFICERS :
J u l i u s S . W a l s h , President.
J o h n D. P e r r y , 1st Vice-President.
CORNER 4th AND LOCUST STREETS
J o h n Sc u l l in , 2d Vice-President.
B r e c k in r id g e J o nes . Secretary.
S t. L o u is , M o .
Capital and Surplus, DIRECTORS t
n t e r e s t a l l o w e d on d e p o sit s .
which may be made at any tim e and withdrawn arte»
five days’ notic©. and will b© ©ntitl©d to int©r©st for
the whole time they may remain with the company.
Executors, administrators or trustees o f estates,
and w om e n unaccustomed to the transaction Of
business, as well as religions and benevolent institu
tions, will find this company a convenient depository
___ ________
*
fo r m oney.
JOHN A . S TEW A RT, President.
GEORGE BLISS, Vice-President.
JAMES 8. C LARK, Second Vioe-Pres’t.
H EN RY L . THORNELL, Secretary.
LOUIS G. H AM PTON, Assistant Secretary.
CH A R LESTO N
S . C .,
Transacts a General Banking and Trust
Business. Savings Department. Interest
Allowed on Deposits.
Investments made (ai usual rates o f com m ission!
n safe and reliable interest-paying Southern secur
ities, and 1st mortgage loans on improved city and
town real estate. Correspondence solicted as to all
Southern, nvestments. Being within easy reach
o f all parts o f the South thorough and oareful inves
tigation can be made o f intended investments or
purchases.
'.OFFICERS.
GEO. B. E DW ARDS, President.
P. N. PICKENS. Cashier. -¿Z
R. E. MUCKENFUSS, Secretary and Treasurer.
J. LA M B PE RR Y , Solicitor.
SM YTH S A LEE, General Counsel.
DIRECTORS.
A. S. J. PKRiffy, o f Johnston, Crews A Co., wholesale
dry ffoooB.
W t l lia m M. B i r d , o f W m . M. Bird A Co., wholesale
paints and oils,
„ _
Ja m e s A l l a n , o f James Allan A Co., jewelers.
J. H . F. K o e n ig , with Knoop, Frerichs A Co., cotton
Geo . f . «
rA8kDS, Pres. Electric Light A Power Co
THO R O U G H CIPHER CODE.
Secresy D evice P erfect: Copious Blanks: Handy Size
(»1 .50 e a c h .) (»3 .0 0 p a ir .) (»1 5 .0 0 doz.)
PUBLISHERS,
BURNZ & CO.,
24 C lin t.n PI.
GET IT PROM
sr
17
„ R IT K V
C . B U K -N A *
T t h F leor*
33 W a l l St,
THE
J u n e 25 1892.
i^t&ctÜaiieü a t .
Q u s n x & u tz .
A saeta D e e . 8 1 , 1 8 9 1 .......$ « ,9 * T ,» S S 8 9
» a r p i a s ............. —.................
» 4 9 ,0 4 1 0 5
O F F IC E OF T H E
^ fin a n c ia l
A New Coal Field and
Timber District.
The OHIO EXTENSION of the NORFOLK *
WESTERN RAILROAD penetrate# one of the
m oit valuable eoal and timber districts in the
United States. The line of this extension!#
193 miles in length, from Goal Grove, Ohio,
/ via Kenova, W. Va., to Elkhorn, W. Va., of
S whloh 54 miles to Dunlow, W. Ya., i# now
»opened for business and the entire line is under
Icon »traction and will be completed early in the
\ fall of 1892. It passes through virgin country
yibounding in gas, splint, eannel, steam, coking
¡and domestic coals and llre-elay; chestnut-oak.
Avhite-oak, beech and poplar timber. Those
{looking for advantageous sites for the location
<of saw-mills or tanneries- and establishments
/for the manufacture of furniture, wagons, agri/oultural Implements, wood-pulp, fire-brick or
>manufactured Iron articles, should investigate
\ the resourees of this new field. The new town
, / of Kenova, W. Ya., offers many advantages for
/ the location of manufacturing establishments,
( also the territory opened up by the Norfolk &
\ Western Railroad on the north bank of tbe Ohl#
/ River, between Kenova, W. Va., and PorteS mouth, Ohio. For the manufacture of finished
| iron articles the district offers unequaled ad
vantages, with supply o f coal and Pocahontas
coke on short hauls, and with the blast fur
naces of the Ironton, Hanging Rock and Ash
land district in close proximity. Favorable
freight rates made upon raw materials to all
manufacturing establishment on this line.
For further information as to freight rates,
maps, names of parties to whom application
should be made for coal leases, do., apnly to
JOHN J. ARCHER,
Div. Freight Agent, Columbus, Ohio.
Or
CHAR. G. EDDY,
Vise-President, Roanoke, Va.
The Security Mortgage &
Trust Company
1850.
1882
The United States Life A T L A N T I C M U T U A L
Insurance Co.
IN T H E C IT Y O F N S W Y O R K .
Insurance Company,
1888............. $8,336,606 50 11800........... $11,955,167
NEW INSURANCE WRITTEN.
1889.............
8,463,626 00 11891........... 14,101,664
Q EO . H. BUR FO RD
President.
. P. FR A L E IG H ,
A . W H EH LW R IGB T
Secretary.
Assistant Secretary
WM. T. 8TANDEN, Actuary,
The tw o m ost popular plans o f L IF E INSUR
ANCE are the CONT1NUABLB TERM POLICY
which gives to the insured th e greatest possible
amount o f indem nity in the even t o f death at the
lowest possible present cash ou tla y; aud the
GU ARAN TEED INCOME POLICY,which embmoSB
every valuable feature o f Investment insurance,
and whloh, In the event o f adversity overtaking
the Insured, m ay he used as C O L L A T E R A L SE
CURITY FOR A LOAN to the extent o f the full
legal reserve value thereof. In aooordanoe with the
te rn s and conditions o f these polloles.
Good Agents, desiring to represent the Company
are Invited to address J , R , G A F F N H Y . Super
“ tendent o f Agencies, at Horn* Office.
Bliss, Fabyan & Co.,
NEW Y O R K , BORTON, PH ILADELPH IA
Selling agents fob Leading Brands
BROWN and BLEACHED BH1RTINO
and RHEETINGR,
PRINTS, DENIMS, TICKS, DUCKS, *0.
Towel«. Quilt«, Whit# Good« and Hosiery.
Drills, Sheetings, <*c„ tor E xp ort Trad*.
Geo. Copeland & Co.,
COTTON BROKERS,
129 P E A R L S T R E E T , N E W Y O R K .
Cotton landed at Mm# from Southern Market
specialty.
DIRECTORS.
Six per cent 5-year Gold Mortgages on Texas citj
aud country properties.
A lso 6 per cent 10-year Gold Debentures based on
in ch m ortgages, interest and principal payaoie
either in New York, Baltimore, Philadelphia or
London.
,
_
C ollect claims o f all kinds anywhere in Texas or
the Southwest.
„ £
ÿ
¡P s M B
Make sales, pay taxes, collect rents, and deal In
select Municipal and Corporation Bonds.
A ct las Trustee, E xecutor, Adm inistrator, Guar
dian, R eceiver and Financial A gen t fo r Estates,
Cities, Railroads, etc.
Investment Securities
BOUGHT AND ROL» BY
The Company has the following Assets, viz.:
United States and State of New
York Stock, City, Bank and
other Stocks.......... .................. $7,567,155 00
Loans secured by Stocks and
otherwise........................................ 2.009,100 00
Real Estate and Claims due the
Company, estimated at............ 1,083,400 36
Premium Notes and Bills Re
ceivable.................................... 1,425,030 93
Cash in Bank....................................
193,895 88
THE OUTSTANDING CERTIFICATES of
the issue of 1887 will be redeemed and paid to
the holders thereof, or their legal repie entatives, on and after Tuesday, the 2d of Febru
ary next, from which date all interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums o f the
Company for the year ending 31st December,
1891, for which certificates will he issued on
and after Tuesday, the 3d of May next.
By order of the Board,
J . H . C H A P M A N , Secretary.
Bought and»Sold.
Rend o Lista.
a . L E W IS Sí C O . , Bankers,
132 LA RALLE RTREET, CHICAGO.
JOSEPH filLLOTT’S
STEEL PENS.
GOLD MEDAL,
PARIS EXPOSITION,
1889
THE HOST PERFECT OF PEM&
ESTABLISH ED 1866.
Eugene R.
C o le ,
S T A T IO N E R A N D P R I N T E R .
Supplies Banks, Bankers, Stock Brokers and Oor.
poratlons with com plete outfits o f A ccoun t B ook,
and Stationary.
r r ~ New concerns organising will have tbel
orders prom ptly executed.
A. E. HACHFIELD,
Mo. 1 W IL L IA M S T R E E T ,
V A w vm m vA ^ )
Returns of Premi
ums and Expenses.$784,790 57
GEO.
f pjjvjs s TB «£ T«n rp w y o » K ,
\
Losses paid during the same
Period.................................. $1,836,325 11
SIX PER CENT INTEREST on the outstand
ing certificates of profits will he paid to the
holders thereof, or their legal representatives,
on and after Tues’day, the 2d of February next.
OFFICERS.
3. T . TR E Z B V A N T, President.
G E N U IN E
3. T . D A R G A N , 1st V ice-President.
WELDED CHROME STEEL AND IRON
J. C. O’CONNOR, 2d Vice-President.
In Round and Flat Bars, and 6-ply Plates and Angle
GU Y SUMPTER, 3d Vice-President
FOB SAFES, V AU LTS, &C.
W . W . R 0D G E R 8, Secretary.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
E.
M. REARDON, Treasurer.
CH R O M E STE EL W O R K S ,
B A R R O W , W A D E , GU TH R IE A CO., o f New York.
Sole Man’f ’ers in the U. 8.
B R O O K L Y N . N. Y .
Auditors.
I. J. W ISTA R , Chairman.
George W . Blabon,
George F. Tyler,
J. N. Hutchinson,
George De B. Keim,
George M. Troutm an,
John J. Zeig 1er.
Total Marine Premiums....... *5,256,865 84
Premiums marked off from 1st
January, 1891, to 31st De
cember, 1891............................ 53,784,723 86
Amount........................................$12,278,582 17
Capital P aid In........... .......... » 5 0 0 ,0 0 9 Oh
Assets Dec. 3 1 ,1 8 9 1 , over $2,099 ,91 1 «8
Advisory Committee of Stockholders,
Philadelphia.
New Y ork , January 25th, 1892.
The Trustees, in conformity with the Charter
of the Company, submit tho following state
ment of its affairs on 31st day of December,
1891.
Premiums on Marine Risks from
1st January, 1891, to 31st
December, 1891....................... $3,862,687 97
Prem’ms on Policies not marked
o ffls t Januarj, 1891............... 1,394,177 87
SECURE BANK VAULTS.
OF DALLAS, TEXAS.
3. C. O’Co n n o r , President City National Bank.
J. T. T r e z e v a n t , A ssociate Manager 8. W . Dep’t
Fire A ssociation o f Philadelphia.
J. T. D a r g a n , V ice-President.
Sa m P. Co c h r a n , Associate Manager 8. W . Dep’t
Am erican Fire Ins. Co. o f Philadelphia.
T . L. Ma r s a l i s , President Dallas Land- & Loan Co.
GUT Su m p t e r , Capitalist, (Late A ss’t-Treasurer
Texas & Pacific Railway Company.);
A l e x . Sa n g e r ,- o f Sanger Bros., W holesale and
Retail Dry Goods.
T . 8. M il l e b , o f Leake, Shepard A Miller, A tto r.
neys at Law.
D. E. G r e e r , A ttorney.
xl
C H R O N IC L E .
TRUSTEES:
J. D. Jones,
W. EL. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
Benjamin H. Field,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
William E. Dod e,
George Bliss,
John L. Biker,
C. A. Hand,
John D. Hewlett,
Charles P. Burdett,
Henry E. Hawley,
Charles H. Marshall,
Charles D. Leverioh,
Edward Floyd Jones,
George H. Macy,
^awrence Turnure,
Waldron P. Brown,
Anson W. Hard,
Isaac Bell,
N. Denton Smith,
Thomas Maitland,
George L. Nichols,
Gustav Amsinck,
Joseph Agostini,
George W. Campbell,
Vernon H. Brown,
Christian de Thomsen,
Leander N. Lovell.
JOHN D. JONES, President.
W. H. H. MOPPE, Vice-President.
6*4 UAVWf M
*
THE
X ll
Iuatu *ai
a u n on .
v' o l l i i u i i
W O O D W ARD
& S T IL L M A N ,
'Walter T. Hatch,
H enry Prescott Hatch,
Arthur Melvin Hatch
Members o f N. Y . Stock and Produee Exchanges.
IN M A N , SW A N N & Co
t6 to 22 WILLIAM STREET,
COTTON MERCHANTS?
YORK.
N ew Y o r k .
COTTON OF ATX GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
L>HMAN, STERN & CO.,
New Orleans, La.
LEHMAN, DUBR A CO.
M ontgomery, Ala.
LEHMAN
BROS.,
COMMISSION M ER C H AN TS,
COMMI SSION
1 6 to 9 9 W illia m Street, N ew Y o r k .
BANKERS AND BROKERS
NEW YO RK.
Orders executed on th e above Exchanges as well
STRAUSS & CO.,
Manchester, and at principal
Centres
on theCotton
Continent.
C O T T O N
&
CO .,
M E R C H A N T S
48, BRO W N ’ S
B U IL D IN G S ,
LIVERPOOL.
^Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale o f Cotton both on spot and for future
delivery.
Hopkins, Dwight & Co.,
COTTON. COTTONSEED OIL
AND
SOUTHERN PRODUCE
101M 1SSI0N
MERCHANTS,
Sii. Cotton Exchange Building.
NEW YO RK
Gustavus C. H opkins.
n h a ri a . D . Miller.
BOSTON,
(
MASS
V
COFFER
at the N EW YO RK COFFEE EXCHANGE, and
HIGH GRADE INVESTMENTS.
G R A IN AND PR OVISIO N S
a*In New Orleans, Chicago and foreign markets.
STRA U SS
F. H, Prince & Coj,
EXECUTE ORDERS FOR FU TU RE D E L IV E R Y
COTTON
New Y o rk .
{
MERCHANTS,
at the N EW YO RK , LIV ERPOO L A N D N EW OR
LEAN S COTTON EXCHANGES. A lso orders fo r
MEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
Dealers In Investm ent stocks and bonds.
Personal attention given at the N. Y . Stock E x
change fo r the purchase and sale on com m ission o
stocks and bonds fo r cash or on margin.
Interest allowed on deposits, subject to d raft aX
sight.
/
Henry Hentz & Co.,
No. 40 Exchange Place,
STRAUSS ft CO.,
Savannah and
JNow
Orleans.
,
V. wwa»
W T . Hatch & Sons,
96 Broadway A 6 Wall St., New York,
M E R C H A N T S
NEW
[Y o u LIT,
C H R O N IC L E
Lucius Hopkins Smith,
Samuel Hopkins.
Crenshaw & Wisner,
16 & 18 E x c h a n g e P lace, N ew Y o r k .
COMMISSION M E R C H A N T S .
Members o f the Cotton, Coflee and Produce E xch’s.
at the N EW Y O R K PRODUCE EXCHANGE and
the CHICAGO BOARD OF TR AD E.
Members o f New Y ork and B oston Stock Exchanges
Hubbard, Price & Co.,
COTTON EXCHANGE BUILDING
NEW Y O R K .
General Commission Merchants.
Members New York Cotton Exchange, New York
Produce Exchange, New York Coffee Exchange,
Chicago Board o f Trade.
Orders executed on any o f the above Exchanges,
also fo r purchase and sale o f cotton fo r future de
livery m New Orleans and Liverpool. Liberal ad
vances made on cotton consignments.
P R I C E , R E I D <& C O .,
The Short Electric R ail
way Company.
Norfolk, Va.
P R I C E , R E I D & A D A M S , L i m it e d .
C h a r le s to n , S . C.
Execute orders fo r cotton for foreign and domestio
shipment.
J. O. B lobs.
G eo . H . Ch u r c h , Special
J . O. BLOSS & CO .,
COTTON
MERCHANTS,
99 William
NEW
Street,
Cearless,Single Reduction
AND
Double Reduction Motors
YORK.
W. D. Rountree & Co.,
SLOW SPEED, MULTIPOLAR K A l i .
COMMISSION MERCHANTS,
W AY DYNAMOS.
C O T T O N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE, GRAIN, PROVISIONS AND
8TOCKS.
Orders executed In New York, Chicago & Liverpool
Geo.H. McFadden&Bro.
COTTON
MERCHANTS,
LINE APPLIANCES POH COMPLETI
OYERHEAD CONSTRUCT ON.
CLEYELAKD,
N ew
Y o rk
Office,
35
OHIO.
W a ll
Street.
P H IL I 9 E L P H 1 A .
GENCY OF
THE HAXALL CRENSHAW CO., .
RICHMOND, Y A .
Standard Brands o f Flour fo r Shipment to Warm
Climates always on hand.
SULPHUR MINES COMPANY
OF VIRG IN IA .
High-Grade Pyrites, free from Arsenic.
J . Spencer Turner,
J
SUCCESSOR TO
Brinckerhott, T urner & Co.,
M AN U FACTU RER AN D D E A LE R IN
C O T T O N SAIL DUCK
AND ALL KINDS O r
COTTON CANVAS FE LTIN G DUCK,
C AR COVERING, BAGGING,
RAVENS DUCK, SAIL TW INES, * o .
,
“ ON TARIO ” SEAMLESS BAGS
- “ A W N IN G ” STRIPER
A lso , a g e n t s
U N IT E D S T A T E S B U N T I N G CO
A full supply, all W idths and Colors, alway» in
N o. 1 0 9 D u an e Street.
LIVERPOOL GORRESPOKDBm»,
F R E D E R I C E E R K ß i A CO.
Fifth Avenue Hotel,
H a d lso n Square, N E W Y O R K ,
T he largest, best-appointed and m ost liberally
managed hotel in the city, with the m ost central
and delightful location.
HITCHCOCK, DA R LIN G & CO.
Massasoit H o us e,
S P B lA tF lE L D ,
H A SS .
T H E BEST-APPOIN TED HOUSE IN WESTERN
N EW ENGLAND.
Convenient fo r the tourist or business man. Near
U nion Depot.
W . H . C H A P IN .
Cahoone & Wescott,
Members New York Stock Exchange,
B A N K E R S AMD B R O K E R S ,
18 W a ll Street, N ew Y o rk .
Transact a general banking business, including
th e purohase and sale on com m ission o f seourltie
dealt In at the New Y ork Stock Exchange.
W a y land Trask,
t x io d o k i b a l b w i*
ALPRHD N. RANKIN.
________
E. D. Shepard & Co.,
SUCCESSORS TO
AUG. T. POST, Banker.
D REXEL BUILDING, BROAD ST., N. Y
State. County and City Bonds.
Am erican Exchange Bank
ST. LOUIS, I O ,
18 W A L L S T R E E T .
Government and Investment
Way land Trask & Co.,
Bonds.
1 Stocks and Bonds Bought and Sold on Commission.
C a p i t a l, - 6 5 0 0 , 0 0 0 I S u r p l u s , - 6 3 0 0 , 0 0 9
P E T E R NICHOLSON, President.
A L V A H MANSUR, Vice-President.
W A L K E R H IL L , Cashier
. W e seed d irec t to «very banking point in M o.
@FedFRASER