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REPRESENTING- THE! INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES*.
Sntered according to A c t ol Congress, in tile year 1 8 9 3 , by WM. B . D
VOL. 56.
ana
&
0 0 ., In the offloe ot t i e Librarian o l Congress, Washington, D . O.
SATURDAY, JUNE
^ Iie
6,
1893.
The total for all the clearing houses records a falling
from the correponding week of 1892 of 113 per cent.
(C h r o n ic le *
W e e k E n d in g M a y 27.
C L E A R IN G H O U S E R E T U R N S .
For the month of May the increase over a year ago reaches
4'7 per cent in the whole country, and outside of New York
the'gainis7‘9per cent. For the four months the aggregate
for all the Clearing Houses exhibits an increase over 1892 of
1*8 per cent.
M ay.
F i v e M on th s.
1892.
N e w Y o r k ........
$ 1 «
8,055,479,341 2,980,160,545
1893.
I
1892.
$
I
I
-I 2-5 15,740,861,968 16,102,409,330
B o s t o n ...............
P r o v i d e n c e . .. .
H a r t f o r d ..........
N ew H a v e n ...
S p r in g fie ld . . . .
W o r c e s t e r .......
P o r t l a n d ...........
L o w e i l ..............
N ew B e d fo r d .
T ota l N . Eng
499,036,600
328,153,821
03,727,258
60,874,019
38,321,900
10,417,479
7,256,423
4,937,201
3,990,770
1,396,400
475,318,190
+ 5*0
I + 12*3
I + 13*8
J + 12*6
1-22*4
+C*9
+23 8
525,075,277
487,157,304
+ 78
461,130,821
59,764,450
40,328,196
31.289,063
25,648,779
16,135.700
7,775,189
6,000,945
4,540,200
1,611,979
1,521,028
708,000
423,430,778
60,998,700
28,920.883
28,449,156
22,934.663
16, i 24,100
7,903,102
8,760,602
4,025,549
1,684,703
1,443,187
678,000
+ 8 '£
T o t . M .W e s t .
656,574,410
605,553,543
S an F r a n c is c o .
P o r t l a n d .........
S a lt L a k e C ity
S e a t t l e .............
T a c o m a ..........
L o s A n g e le s .
G r e a t F a ll s ..
69,718,803
9,372,813
6.300.000
4,902,760
3.904.000
5,307,795
1,136,364
62,224,975
8.162,588
8,374,002
5,405,576
3,684,120
3.340,592
948.858
T o t a l P a c ific
100,642,535
92,146,710
K a n s a s C it y ...
M in n e a p o lis .
O m a n a ...........
D e n v e r .. . .
S t. P a u l . . . .
D u lu t h ...........
Bt. J o s e p h .
S i o u x C it y .
D e s M o in e s .
L i n c o l n ........
W i c h it a .........
T o p e k a ..............
19,662,366
34.817,702
29,532,966
22,574,000
20,382,555
10,068,682
9,023,034
4 ,1 7 0 ,9 .3
4,325,275
2,273,3f 0
2,337,812
1,689,395
38.4S3,76b
37,688,689
22,880,936
21,061,757
20,061,731
9,738,127
7,169,263
4,296,533
4,912,164
2,685,878
2,284,876
1,416,784
+8*4
+9*2
466,964,098
-
172,581,781 +I0 *6j
+16*0
+ 21*6
-0 * 9
+27*9
+53*1
-2 4 * 8
-5 * 1
-2 7 * 7
+2*3
-8 *2
+8*4
+9*8
8 ‘4
4 61 6
+26*3
+3*8
235,892,868 -
7
2,509,860,700
1,974,762,
302,613,
138,311.
135,643.
113,849,
72,475,
40,328,
44,076.
18,750,
9,613,
7,180,
3.3C7,
- f0 8
+ 11*3
+ 28
+40 0
-t-15'9
+12 6
■t 1*2
-5 1
-4 4 * 6
+ 14*1
- 2*1
+14*5
+10 9
2,861,031,620 + 1 0 6
402,039,140
+1*0
918,886,842
827,853,221 + 10*9
533,525,855
244.010,988
168,822,099
03,247,703
66,183,900
48,0.;.0,531
51.075,942
39.790,902
35.377,101
29,442,242
21.911,790
23,825,017
18.979,419
14,211,203
14.445,510
11,946,078
9,608,398
492,292, 183
219,060, ,725
154,347,,070
48,098, ,660
38,361,,575
64,759,,152
52,422, ,883
41,225. 141
83*847],993
24.800,,803
20. 121,,086
21,970, ,519
20,213, ,813
11,840.,046
11,067,,49*»
12, 166,,531
9.603, 000
1,384,514,699
1,280,318,370
1893.
_ *
553,107,114
$
000,289,152
<L 1 68.3 12)
'.16,385,575)
0 ,6 3 0 ,3 1 8 )
(19.788,925,
B o s t o n .................................
P r o v i d e n c e .......................
H a r t f o r d ............................
N ew H a v e n .......................
Sprintrtieid .................. .
W o r c e s t e r ......................... P o r t la n d .............................
L o w e l l ................................. .
N ew B e d fo r d ................... .
F a ll R i v e r * ........................
T o t a l N e w E n g la n d .
88,986,698
5,093,300
1,939,978
1,362.480
1.372.713
1,281.282
1,180,050
672,450
376.274
895,036
100,205,231
P h i l a d e l p h i a . .. .
P it t s b u r g .............
B a lt im o r e ............
B u ffa lo ...................
W a s h i n g t o n . .. .
R o c h e s t e r ............
S y r a c u s e ...............
W i lm i n g t o n ........
B in g h a m to n ........
T o t a l M id d le .
69,231.423
14.687,080
13,714.495
7,702.723
2,198.223
1,448,071
1,031,700
864,289
292.700
111.231,310
C h ic a g o ..................................
C in c in n a t i..................... . . . .
M ilw a u k e e ...........................
D e t r o i t ....................................
C le v e la n d ..............................
C o lu m b u s ..............................
P e o r i a .....................................
i n d la n a p o li8 ........................
G ra n d R a p id s .....................
L e x i n g t o n .............................
S a g in a w ..................................
A k r o n ......................................
S p r in g fie ld , O ......................
B a y C it y * ...............................
C a n t o n * ..................................
T o t a l M id d le W e s t e r n .
87,470,262
12,630,550
5,950,214
6,176.661
5,436,781
3,132,400
L 0 12.200
1,500,956
1,022,333
270,279
33^,220
228,669
227,753
282.220
147,545
120,074.281
-
-
+ 7 *9 10,963,860,486 10,209,689,851
45,693,093 4 8*6
24,636,677 + 4 5
4.715,523 + 13*1
3,017,890 + 10*3
84.222.043
78.0*3,783' +7*9
239,343,848
132,935,988
24,246,613
15,881,314
219,882,014
128.660,108
24,801,780
15,253,: 02
412,407.863
388.6QO.30o
%3TVmr t a b l e o f c l e a r i n g s b y t e le g r a p h s e e P a g e 9 0 9 *
-t68
+-6*1
-8 *5
(1,8 50.3 24)
126,152.625)
(+ 1 1 2 )
( - 4 7 8)
-7 * 0
+ 10 6
—13*3
—7 3
+ 14 3
+ 0 05
+0 5
—28*^,
-6 * 5
97.859,713
6.504.200
2.277.225
1,5 9 + 9 2 0
1.550.430
1,403.729
1,386,974
7"6.610
547.082
882.825
100,791,622
-0 * 1
113,835,913
-1 * 1
+ 14*4
—1 0 1
+8*3
+10 6
+6 0
-1 25*8
-1 9 1
+276
....
*t 0 2
72.338,200
15,991,898
13.085.126
7.318.926
2,032.228
1.326,021
801.938
70+101
218,400
-4 -3
76,471.450
15,275,835
14.574,905
8,552.308
2.312.850
1,003.932
1.047,592
877.2U5
312,700
93.542,019
4,609.100
2,238.02 J
1,469.816
1,201.128
1,280,062
1,107,781
940.410
402,655
(-2 8 0
(-1 7 2
113,915,501
+4 8
+0 1
4 -8 2
+9 2
t2 o 7
+86
+340
-2 4
93,407,005
15.594.700
7,080.579
0,319,203
5,518.493
3,783,300
1.732,005
2,041,206
930.760
395,083
334,059
209.167
141,547
-0 -4
— 19 0
—22*3
-2 *3
-2 0
-1 7 * 2
-7 0
-2 3 * 2
+9 1
-3 0 * 2
+ n
—1 5 0
+ 00*9
138,191,623
-8 8
121,048,873
+33
+ 0 ’3
—8 0
+ 5 -0
i8 0
+7 9
- 24
—14*0
+ 15*4
+ 1 -5
100,415,879
13.159,650
9 + H .0 7 3
7.4'>0,10?
5,901,771
3,657,000
1,705,499
1,402,585
L I 00,967
352,101
343,558
250.827
215,193
294.145
183,549
145,231,370
+ 35
-1 1 7
+701
+ 8 *9
+129
—3*5
-1 9
—23 1
+132
-1 0 8
+12 5
+11 2
+ 50*5
....
...»
+ 4 -6
21,574,773
-1 1 * 1
25,042,101
+ 24*3
363.199
90,632
81,756
9.109,585
7.939.847
5,356,590
4,521,960
4.347,517
1,010,712
1,541,434
847,497
915,310
001,318
525,371
302.835
70,386
125,777
+152
- 22 9
+17 9
+19
+ 13*8
+ 31*0
+ 10*3
-1 -0
-1 2 7
—18 9
+5*7
+199
+ 18*7
-3 5 -0
10,694,710
0,94*2.5:7
0,308.627
4,8>9.U01
5,307,031
2.437.000
2.101,487
803,409
889,891
456,099
533,187
407,9S5
78,564
+23 8
+2 0
+36 3
+4 6
+ 1 -8
+59 0
+42 6
+85
-5 -3
-8 * 1
4 3-4
+33 5
+ 23*1
....
40.458
39,558,009
79,121
39,072
....
37.822,159
+ 4 -6
42.040,954
+ 10*3
19.767,002
0,514,247
0.022,764
1,001.095
1,255,082
2.309,339
2,395.082
1,811.850
4,455.077
1,100,000
910,000
826.000
+7 8
+ 25*9
-1 0 *1
+ 30*2
+ 75*4
—30 0
-1 7 * 3
—49 9
—17 7
-1 0 * 2
— 19-4
+ 9 2
—0*2
+33*5
-1 * 8
+8C
-7 * 3
24.258,700
9.200,150
7.045.307
2,123,112
2.343.712
1,027,720
2.344,088
1.092,037
1,409,853
1,155,456
1,110,934
951.079
907.003
013.592
598.902
023,128
451.998
425,078
58.022.901
+17+
+218
—0*8
+ 2 5 -5
+ 72*0
-3 3 * 7
-5 * 7
—39*9
-7 * 0
-1 0 4
+ 27*7
+ 5*7
-4 2
+ 77*3
— 1 1 3 1.165.570,095
-3 * 1
1,699,031
833.678
487,805
21,291,851
8,2< >0,058
6,953.812
2,088.130
2,203,350
1,017,351
907,573
S s o lo o o 1
543,576
381,788
U i.0 0 3
554,701
500,503
411,657
50,970.965
49,388,704
1,000,6S5.726 1,127,973,594
• Not included in hotels.
P . C en t'
+ 2 9 *7
+ 3 2 *7
-3 2 2
+170
+ 2 1 -2
+ 93*7
+104
+ 3 2 -4
+90
10.494.650
6,121,362
0.315.905
4.600,052
4,949.060
M o n t r e a l ..............
T o r o n t o .................
H a l i f a x .................
H a m il t o n ............
T o ta l Canada.
189 3.
f
659,718,593
—10 2
17,375,213
2,521.320
1,300,000
1,155,280
800,755
1.113,138
847,333
310,523
152.533
1,150,339
107.394
K a n s a s C i t y .........................
M in n e a p o lis .........................
O m a h a ....................................
St. P a u l ..................................
D e n v e r ....................................
D u lu t h ....................................
S t. J o s e p h .............................
S io u x C i t y .............................
D es M o in e s ...........................
L i n c o l n ................... ..............
W i c h i t a ..................................
T o p e k a ...................................
F r e m o n t .................................
H u 'e l i i n s o n ........................
H a s t in g s * ..............................
E m p o r ia , K a n .* .................
T o t a l O t h e r W e s t e r n .,
O u ts id e N ew Y o r k .,
W e ek E n d ’g M a y 20*
P . Cera.
-1 3 * 0
—3*»
—24*7
+ 9*2
— 25*4
+ 36*4
+ 14*9
-2 4 5
-3 * 8
12,130,119
1.587,302
1,400.000
989,400
950,000
927,946
868,669
195.273
129,901
839.852
100.790
19,178,816
T o t a l a l l ...................
o ff
13,934,903
1,042.354
1,980,982
900,091
1,273,930
080,321
756,436
258,730
135,000
S an F r a n c is c o ...................
P o r t la n d ...............................
S a lt L a k e C i t y ..................
S e a t t l e ..................................
T a c o m a .................................
L o s A n g e l e s .......................
H e le n a ...................................
G r e a t F a ll s .........................
S io u x F a l l s . . . . ................
S p o k a n e * .............................
A lb u q u e r q u e * ...................
T o t a l P a c i f i c ..................
S t . L o u i s ......................
N ew O r le a n s ..............
L o u is v i ll e ....................
G a lv e s t o n ....................
H o u s t o n .......................
M e m p h is ......................
R i c h m o n d ....................
N a s h v ille ......................
S a v a n n a h ....................
V t la n t a .......................
C h a r le s t o n ...................
D a lla s .............................
N o r f o l k .........................
W a c o . .............................
F o r t W o r t h ................
B ir m in g h a m ..............
C h a t t a n o o g a .............
J a c k s o n v i l l e * ..........
T o t a l S o u t h e r n ..
-
1892.
N e w Y o r k ...........................
Sales o f —
( S to c k s ............... sh a res.)
( G r a in ................bushels.)
f 20,704,722,454 20,372,099,181
49,029,342!
25,747,669
5,334.245
3,510,787!
d
+73
193,595,155
158,739.750
112,796,412
105,286,181
101,227,074
41,295,134
36,611,576
22,878,776
21,812,522
13,723,977
11,605,746
8,230,815
2,080,000 -12*8
259.611,177
2,328,580,440
319,976,056 +1*4
41,170,004 - 3 8
38,722,081 —19*9
2 L 0 e l.2 7 8 + 1 0 1
IS.652,070 +7*6
16,169,417 + 38*2
5,278,234
-
O u t s id e N . Y. 2,231,7 98,059'2,068,014,396
T o t. C anada.
3,165,903,503
-
T o t a l a l l ........ 5,287,277,400 5,048,801,911
M o n t r e a l ..........
T o r o n t o ...........
H a l i f a x ............
H a m il t o n .........
2,529,286,844
2,197,023,505
-2 0
311,160,350
+ 39*5
193,613,645
+ 10*0
157,140,129
128,161,140
+ 11*8
+ 0*1
73,319., 00
38,250,594
- 1*6
24,440,784
-30*8
+ 12*8
21,394,757
9,442.236
-14*5
8,222,186
+5*4
3,734,777
+ 13 3
91,098,041
34,360,383
31,772,289
7,943,920
6,168,302
10,459,801
10.507,286
7,986,516
6,260,331
6.826,311
3,7 92,063
3.939,803
4,469,105
1,012,375
2,162,623
2,418,289
Bt. L o u i s . . .
N e w O r le a n s ..
L o u is v i ll e ..
G a lv e s t o n ..
H o u s to n ...
M e m p h is ...
R ich m o n d . . . .
N a s h v i l l e .........
S a v a n n a h ... .
A t l a n t a ..........
C h a r le s t o n . .. .
D a l l a s ..............
N o r f o l k ............
W a c o .................
F o r t W o r t h ...
B i r m in g h a m ..
C h a t t a n o o g a ..
T o t a l S o u th .
2-2
1,591,254, ,353
325,351, ,211
309,647, ,407
106,603. ,530
41,487, ,108 31,301, ,421
20,039,,432 18.023,.928
5,532, 300
. -+0*0
T o t a l M id d le
190,858,060
2,498,905,100
8*2
+ 2*6
C h i c a g o .............
C i n c i n n a t i .......
M ilw a u k e e ....
D e t r o i t ..............
C l e v e l a n d ........
C o l u m b u s ........
P e o r i a ...............
I n d ia n a p o lis ...
G ra n d R a p id s .
L e x in g to n . .. .
S a g in a w ............
C a n t o n ..............
T o t .O t h ’ r W .
-
2,028 891,8
J 14,4 66,7
48,291,7
30,013,5
28,743,(i
26,128,C
24,317,2
18,169,C
9,504,5
P h il a d e l p h i a ..
B a l t i m o r e .......
P i t t s b u r g .........
B u ff a l o ..............
W a s h in g t o n ..
R och ester —
S y r a c u s e ..........
W i lm i n g t o n . .
B i n g h a m t o n ..
NO. 1458.
447,278,612
407.631,412
10,573,106
50 7 6 .3 2 5
1,322.301
687,208
17.659.325
7.752.150
4,301.258
982.882
655.899
13.rt53.189
+ 3 4
-4 1
+ 80 4
+16 1
+314
+ 2 5*0
+ 2 9 -3
505,822,102
11,945.080
5 690.807
1.222.542
879.280
19.737.715
...»
.. ..
+12
—8*7
—6 7
+8 9
+49
+131
-t 1 0
■H gA
+88
+ 9 -4
THE CHRONICLE
902
fYOL LVI
Current returns of earnings are very satisfactory as a
rule, and the remark applies to th e net as well as to the
t
V t f M W t m .
gross; this is shown by the review of the exhibits of net
See p ages 9 4 1 , 0 4 2 , 9 4 3 , a n d 9 4 4 for our State
for April in another part of this article. Yesterday
and City Department.
we also had news that the Norfolk & Western had con
All advertisements with relation to State and City Bonds
cluded arrangements to fund its floating debt, and had
will likewise be found on the same and following pages.
made provision, too, for the payment of its debenture
bonds when they fall due next January. Then the
T H E F IN A N C IA L S IT U A T IO N .
anthracite coal companies, as expected, have made a
Confidence in Stock Exchange values is at a low general advance in the selling prices of coal, both in the
ebb.
Prices have further declined, and it almost Eastern and the Western markets. The volume of
seems as if all hope of recovery bad been given up, and trade in most lines of industries continues large, and,
the market had entirely lost its power of recupera in certain instances, even prices are stiffening. More
tion— as if every one believed the only end in sight was failures have occurred, but they have been less im
the utter extinction of all value. The rallies have portant and also we think less numerous than those of
been fitful and short-lived, and after each reaction preceding weeks. In the dry goods trade the improve
prices have touched a lower depth. Of course opera ment in tone noted last week has continued and collec
tors for a decline are in part responsible for the extreme tions are reported quite regular. Finally we have had
depression which prevails. At a time like the present, this week the Beading reorganization plan.
It is certainly in the highest degree desirable at this
when confidence is so deeply disturbed, it is easy
enough to bring about a decline— a mere suggestion of juncture that both the Richmond Terminal and the
something wrong, or of possible trouble, answers the Reading schemes should be speedily carried through. The
purpose, for people are ready to lend their ear to any Reading plan— judging by the action of the securities
tale, no matter how ridiculous or ill-founded. As a in the market— has been received with hardly greater
consequence the best and strongest, share in the favor than the Terminal plan last week, though it is diffi
discredit attaching to the weakest.
For the cult to conceive why this should be so, since the terms are
moment men are taking counsel of their fears, exceedingly favorable. Entirely apart, however, from
instead of being guided by their good judgment. the terms and conditions in each case, it is to the in
What is needed now more than anything else is a re terest of the whole market that these two properties
turn to common sense views, and a discrimination be should be restored to a solvent basis. Such a consum
tween the good and the bad, between investments that mation will remove the clouds of uncertainty in which
have value and those that are without value. Because the two concerns are now involved, will give value to a
a few properties have been mismanaged it doe3 not fol number of securities practically without value at
low that the whole body of railroad corporations is present, and render secure the position of a mass
other
securities
whose position
is
daily
tainted in the same way; because there have been some of
bank failures we must not imagine that all the banks becoming more insecure under existing conditions,
are in danger of insolvency; because business disasters w'ill allow of the proper development of the proper
have under the existing strain and pressure become ties through the furnishing of the needed capital, and
rather numerous, we are not justified in assuming that will impart a new feeling of confidence in the whole
our entire mercantile trade is in an unsound state; and range of railroad investments. The alternative to this
because efforts to repeal the silver law have heretofore is further confusion, further distrust, and extended
failed, we must not give up hope that the remedy litigation, with nothing positive as to the ultimate out
will yet be applied, and before it is too late. We are come except the certainty of great loss in any event.
now paying the penalty for some of our follies, but In the Richmond Terminal case there seems now no
if we only heed the lesson the future will not be doubt reason to doubt the success of the plan, and a time
ful. This is a young country and our powers of recu limit has been fixed for the deposit of Terminal securi
peration are marvelous.
ties. It is to be hoped that the Reading plan, as well
Beyond the further gold exports, the events of the as the Terminal, will ba carried to a successful con
week have generally been of a favorable character. clusion.
These gold exports have this week been on an excep
Money on call continues abundant and the offerings
tionally large scale, the aggregate of the shipments are large from those who are unwilling or unable
(with the amount to go out to day) reaching $6,500,- satisfactorily to loan upon time and from bankers with
000. This continued heavy outflow of the metal is unemployed balances. The extremes for the week
certainly a bad feature of the situation, especially as have been 5 and 2 per cent, the higher rate being re
it further weakens the Treasury position.
Public corded on Monday, when a small amount was loaned
opinion, however, is beginning to exert itself strongly at that figure; the bulk of the loans has been at 3
against the Silver Law, as is evident by the action of and at 2 per cent. The average for the week has
the St. Louis Commercial Club last week and our own been about 2-j- per cent, with renewals generally at 3
Chamber of Commerce this week. For the present our per cent. Banks and trust companies quote 4 per
loss is Europe’ s gain, and these shipments tend to re cent as the minimum, while some obtain 5
lieve the strain on the other side, where the situation a per cent.
Time
contracts are inactive, but
couple of weeks ago was very acute. It is worth the tone for them is not easy.
The foreign
noting that the Bank of England in its statement on bankers will loan upon the choicest securities, with a
Thursday reported a gain in its gold holdings for the gold note, at concessions as to rate, but domestic
week of over £ 2 , 000,000, a large part of which repre lenders who accept good mixed securities and a cur
sents importations from the United States, as will ap rency note are able to obtain full rates The demand
pear f^om our cable figures from London given further is not urgent, the majority of borrowers resorting to
below. Outside the continued efflux of gold the develop the call loan branch of the market. Rates are 4^ to 5
ments, as already stated, have generally been favorable. per cent for 60 to 90 days, 5 per cent for four months
THE
ST/IT
AflJJ CITY
J une 8, 1893.]
THE CHRONICLE.
and 5$ for five to sis months on the best collateral,
while on good mised securities rates are I of 1 per cent
higher all around. Commercial paper continues quiet.
The city banks with few exceptions are out of the m irket, and just now they have urgent applications from
their correspondents in the interior for re-dis
counts, and it is reported that the proceeds of these
notes are promptly drawn upon. The supply of paper
is good and it would be larger if the condition of the
market would warrant an increase. Rates are 6 to 6£
per cent for 60 to 90 d ly endorsed bills receivable ; 7
to 9 for four months commission house names and 8 to
10 for good single names haviug from four to six
months to run.
Tne semi-monthly settlement on the London Stock
Exchange was looked forward to with some apprehen sion, for it was feared that houses which were assisted
over at the previous settlement would be unable to
meet their engagements. Tne ordeal was passed with
out much trouble, there being only one really import
ant failure,and immediately afterwards the discounts in
the open market fell off by reason of the lighter de
mand and large accumulations of money by the Bank
of England and the Street. The cable reports discounts
of 60 to 90 day bank bills in London 2-fa per cent; the
open market rate at Paris is 2 ; at Berlin it is 2 f, and
at Frankfort 2 f per cent. The Bank of England, ac
cording to our special cable from London, gained
£2,034,713 bullion during the week and held at the
close of the week £26,101,748.
Our correspondent
also advises us that the gain was due to imports of
£1,610,000 and to receipts from the interior of Great
Britain of £425,000. Of the imports £711,000 came
direct from the United States, £297,000 came from
Holland and £602,000 is stated as representing amounts
coming from the Continent or bought in the open
market, the latter presumably being mainly importa
tions from this country. The Bank of France shows
a decrease of £34,000 for the week.
Foreign exchange has been dull and steady to firm
this week. The mercantile demand for remittances
has continued a leading feature and the supply of
bankers’ bills has been small. Toward the end of the
week there were comparatively liberal offerings of com
mercial bills drawn against July and August deliveries
of breadstuffs, but these were promptly absorbed. The
easier discount rates in London caused an advance in
long sterling, and a fall in rates of exchange at Paris
on London stiffened the rates for Continental bills.
Compared with 'Friday of last week the market
opened on Monday unchanged at 4 86£ for long and
4 90 to 4 90£ for short. On Wednesday Brown Bros,
advanced the long rate to 4 87, while Baring, Magoun
& Co. reduced the short rate to 4 90. On Thursday
Baring, Magoun & Co., the Bank of British North
America and the Bank of Montreal advanced the long
rate to 4 87, and yesterday the first two mentioned
banks and Brown Brothers made a further advance to
4 87£. The market closed firm for sixty-day sterling
and Continental, and steady for short sterling and cable
transfers, with nominal rates 4 87 to 4 87i for sixtyday and 4 90 to 4 90£ for sight. Quotations for actual
business were 4 86^ to 4 86f for long; 4 89 to 4 89^ for
short; 4 89J to 4 90 for cable transfers ; 4 85f to 4 86
for prime and 4 85£ to 4 85f for documentary commer
cial bills. Gold to the amount of $1,000,000 was shipped
to Europe by Lazard Freres on Tuesday; $500,000
by L. Von Hoffman & Co., and $1,500,000 by Lizard
Freres on Wednesday ; $1,250,000 by Hndelbach, Ickel-
903
heitner & Co., $250,000 by Kessler & Co., and $500,01)0
by the Bank of British North America on Thursday,
and $1,000,000 will be shipped by Lazard Freres and
$500,000 by the Bank of British North America to-day,
making altogether $6,500,000 for the week.
In view of the rather despondent feeling which pre
vails on the Stock Exchange, much comfort is to be
derived from our statement of bank clearings for the
month of May which we have prepared this week, in
great part from telegraphic returns. So far as these
bank clearings are any indication, the volume of busi
ness in May, 1893, was larger than in the corresponding
month in 1892. The totals show an increase both with
New York and without New York. Of course there
was one more business day in the month this year (May,
1893, having had only four Sundays while May, 1892, had
five) but even allowing for that circumstance the result
is satisfactory, for it must be remembered that the pres
ent increase follows an increase last year. Including
New York, the gain now is 4 -7 percent. Outside of
New York it is as much as 7‘ 9 per cent. It will be
seen from the following that in both cases this is a
larger ratio of improvement than in any previous
month since last January. It is well to bear in mind
too that as far as Stock Exchange business has had any
influence on bank clearings the effect has been to
reduce the totals; that is to say, while on the one hand
the dealings were larger than a year ago, on the other
hand the new Stock Clearing House was in operation
the full month this year, while last year it was in oper
ation only part of the time, having begun business in
that month.
M O N T H L Y C L E A R IN G S.
Clearings , Total All.
Month.
Clearings Outside N ew Y ork.
P . Ot.
1893.
-H4-9
- 2 ’7
1
2,303,969,979
2,013,949,391
2,170,706,029
1893.
1892.
i
5,955,411,391
5,085,814,190
5,421,402,611
*
5,676,274,528
5,227,472,663
5,314,666,098
+ 2 -0
1 st q u a r .. 16,462,656,192 16,218,413,289
+ 1 '5
6,583,625,399
6,171,681,864
+ 8 -7
-2 9
2,148,437,028
2.231,798.059
2,029,363,591
2,068.644,396
+ 5 -9
+ 7 -9
J a n u a r y ....
F e b r u a r y ..
M a r c h .........
A p r il.............
M a y ..............
4,954,786,862
5,287,277,400
5,104,880,951
5,048,804,941
-f-4'7
1892.
P .O U
*
2,127,658,562 4-12**
1,990,003,727 + I - S
2,054,019,575 -j-5‘ 6
Looking at the returns of the separate cities no rea
son appears for qualifying the favorable conclusions
drawn from the grand aggregates. Out of twenty
leading cities outside of New York, only three fail to
record larger clearings than for May, 1892. In several
cases the increases are not ibly heavy.
Below we fur
nish a four-year comparison for these leading cities. It
should be stated in explanation of the exceptionally
large totals for 1890 at New York, and in the aggre
gates including New York, that that was the period of
the silver speculation, preceding the enactment of the
Silver Purchase Law.
B I N S CL E A R IN G S A T L E A D IN G CITIES.
(000,000*
om itted.)
New Y o r k ...
C h ica go.........
B o sto n ..........
P h ilad elp h ia
St. L o u i s ___
San F ra n ’ oo.
B a ltim o r e ...
P ittsb u rg . . .
C in cin n a ti...
N ew O rleans
K ansas C ity.
M ilw a u k e e ..
L o u is v ille ...
B u lia lo .........
D e t r o i t ........
M inn eapolis.
O m a h a .........
P ro v id e n ce ..
C le v e la n d ...
D e n v e r.........
St. P a u l........
— ---- --- -------M a y.--------- ----------- >— J a n u a ry 1 to M ay 3 1 .— n
1893. 1892. 1891. 1890. 1 8 9 J. 1892. 1891. 1890.
$
*
$
$
$
$
$
$
3 ,0 5 5 2 ,9 8 0 2 ,9 0 7 3 ,7 8 8 15,741 1 6,1 02 1 3 ,5 1 1 1 5 .6 3 1
423
461
391
375 2 ,1 9 7 1,975 1,712 1,552
433
415
3 92
507 2.161 2 ,0 2 9 1,944 2 ,1 6 3
331 1,593 1,591 1,358 1 .5 4 6
303
276
328
91
101
534
492
109
94
450
459
62
320
70
70
70
3 25
356
321
54
309
64
62
65
325
236
315
63
321
310
57
67
67
2 78
323
54
31 1
302
61
55
272
6)
264
244
34
218
42
38
33
2 45
234
37
49
235
194
50
38
182
204
29
24
27
19 4
40
133
115
119
32
31
36
169
31
154
155
174
34
31
174
38
23
166
150
1 30
31
26
157
121
23
26
135
111
29
29
153
122
35
38
159
103
24
23
18
30
113
148
86
101
22
2L
21
26
134
114
114
108
23
19
22
26
128
114
101
93
21
20
23
23
110
92
103
105
20
20
19
19
102
101
84
86
T o t a l ..........
O th er cities..
5 ,0 3 9
243
4 .8 0 5
244
4 ,6 0 5
205
5 ,7 0 1 2 5 ,4 4 0 2 5 ,1 5 7 2 1 ,7 3 4 2 4 .1 4 7
184 1,265 1 ,215 1,060
912
T o ta l a U ...
O u tside N .Y .
5 ,2 8 7
2 ,2 3 2
5 ,049
2 ,0 6 9
4 ,8 1 0
1,903
5 ,8 8 5 2 6 ,7 0 5 2 6 ,3 7 2 2 2 ,7 9 4 2 3.059
2 ,0 9 7 1 0 ,9 6 4 1 0 ,2 7 0 9 ,2 3 3 9 ,4 2 3
_
^
a d
THE CHRONICLE,
904
With reference to the activifcy^of business on the
New York Stock Exchange we have already remarked
that the share sales this year were larger than those
last year. The greater part of the dealings, how
ever, are now cleared through the new Stock
Clearing House, thus making the effect on ordinary
bank clearings much smaller than at previous similar
periods. As stated above, last year in May the Stock
Clearing House was in operation only the latter part
of the month. The following gives the number and
value of the share sales in the two years.
8 A L E 8 O F 8 T O C K 6 A T T H E N E W Y O R K ST O C K E X C H A N G E .
1892.
1898.
Month. Number
of Shares.
Jan— 10,583,961
F eb... 10,742,925
March. 7,390,694
Values.
Par.
|
Actual.
Number
of Shares.
$
$
964,551,825, 705,648,128f 9,992,013
886,537,9oO; 566,719,945 11,434,111
667,797,100\ 453,432,8721 8,933,946
Values.
Par.
1
933,019,100
946,071,600
773,129,890
Actual.
*
533,383,777
571,380,617
484,094,977
1st qr 28,717,580 2,518,886,875'1,725,830,945 30,360,100 2,652,220,590 1,588,859,401
April... 6,271,083
M ay.... 8,972,435
591,037,380 380,697,813 6,815,112
SSeaiR^O1 466,085.107 6,176,456
555,520,3601 367,134,990
570,245,5251 362,627,687
It will he observed that the dealings amounted to
nearly 9 million shares in May, 1893, against only a
little over six million shares in May, 1892, and that the
value of the sales was about 466 million dollars, against
362 millions.
The exhibits of railroad net earnings for April which
have come to hand this week are on the whole very
encouraging, and increasing expenses are not such a
striking feature as in the exhibits for the months
preceding. The Milwaukee & St. Paul reports an in
crease of $216,641 in gross and $85,264 in net, the
Burlington & Quincy $232,770 increase in the former
and $40,704 in the latter, and the Chicago Burlington
& Northern $101,395 and $64,609 increase respectively.
This represents one group of roads, and it may be
added that the Denver & Bio Grande and the Rio Grande
Western also have enlarged their net— the Denver from
$236,299 to $248,072 and the Rio Grande Western from
$74,152 to $76,055.. In other sections the results are
as a rule no less satisfactory. Take the anthracite coal
companies for example. The Reading has $60,167 in
crease for the month on the Coal & Iron Company
and $3,784 increase on the Railroad Company. On the
Lehigh Valley, there is a really surprising gain (the
figures however covering the month of March), gross
having increased $245,496, while at the same time ex
penses were reduced $200,812, thus producing an in
crease in net in the large sum of $446,308. The Cen
tral of New Jersey reports an increase of $67,830 in
gross and an increase of $2,970 in net.
From the South we have a very good return from
the Norfolk & Western, which shows an increase in
April large enough to wipe out the whole of the loss in
net for the first quarter of the year. This coming sim
ultaneously with the announcement that the company
has completed arrangements for funding its floating
debt will no doubt be very gratifying to the securitv
holders of the company. The increase in gross for the
month is $139,372 and in net $60,659. The Louisville
& Nashville also has a satisfactory exhibit, though the
gains are more moderate, reaching $49,476 in gross and
$13,876 in net. For the Chesapeake Ohio & South
western net is $61,252, against $54,742; for the Western
Maryland $31,881, against $28,852; for the Kansas City
Fort Scott & Memphis $71,086, against $64,053; for
the Clinton & Springfield $10,117, against $8,612, and
for the Memphis & Birmingham $3,976 net, against a
deficit last year of $6,329. The Atchison Topeka &
[Y
ol.
LYI.
Santa Fe (including the Colorado Midland) reports
gross increased $167,565 and net increased $13,477,
while the St. Louis & San Francisco has $70,722 in
crease in gross and $16,007 increase in net.
In the Middle Western States and among the Pacific
roads a few losses are found. Thus the Wabash has a
decrease of $59,756 in gross and a decrease of $54,541
in net, and the Cleveland Cincinnati Chicago & St.
Louis reports net of $265,875 against $267,886, and
the Peoria & Eastern net of $16,566 against $38,097.
On the other hand, in the Ohio & Mississippi case im
proved results are reported, gross being up from $297,373 to $325,900, and net from $39,137 to $80,537. The
Columbus Shawnee & Hocking also has an increase,
net being $11,675 against $9,859. The Canadian Pa
cific for April has lost $37,418 in net, and the Southern
Pacific for the same month shows a decrease of $40,440;
the latter follows entirely from an augmentation in ex
penses, and for the four months to April 30 the net of
that company records an improvement of $174,938.
The Oregon Improvement in its April return shows
gross of $330,705 against $305,335, and net of $66,137
against $49,931. Among various other roads the
Mexican Central has $65,430 increase in gross and
$80,609 increase in net; the Buffalo Rochester & Pitts
burg $36,191 and $17,130 increase respectively, and the
Erie $117,170 decrease in gross and $57,886 decrease
in net.
The following gives the week’s movements of money
to and from the interior by the New York banks.
Received by Shipved by
N .Y. Banks. N. T . Banks.
Week Ending June 2,1893.
N et Interitr
Movement.
Gold........................................................
$4,522,000
789,000
$2,469,000 Gain.$2,053,000
476,000
313,000 Gain.
Total gold and legal tenders___
$5,311,000
$2,782,000 Gain.$2,529,000
Result with Sub-Treasury operations and gold exports.
Week ending June 2, 1893.
Into
Banks.
Banks’ interior m ovem ent, as above
8nb-Treas. oper. and gold e x p o r ts ..
$5,311,000
19,200,000
Out of
Banks.
Net Change in
Bank Holdings.
$2,782,000 Gain.$2,529,000
24,700,000 Loss 5,500,000
T otal gold and legal tenders___ $24,511,000 $27,482,000 Loss.$3,971,000
Bullion holdings of European banks.
June 2, 1892.
June 1, 1893.
Bank of
Gold.
£
England......... 26,101,718
France........... 68,550,840
Germany....... 33,162,750
Au8t.-Hung’y 10,374,000
3.086.000
Netherlands..
2,726,667
Nat.Belgium.
7.714.000
3paln..............
Silver.
£
51,249,400
11,054,250
17,470,000
7.120.000
1,363,333
6.418.000
Total.
Gold.
Silver.
Total.
£
£
£
£
25,910,766’
26,101,748 25,910,766
119.800,240 62,334 83- 51.676,425 114,011,307
44.217.000 37,428,750 12,476,250 49.905.000
27.844.000 5.691.000 16,550,000 22.244.000
10.206.000 3.205.000 6.627.000 9.832.000
4,090.000 2,771.33d 1,385,667 4.157.000
14,132,000 7.596.000 4.636.000 12.232.000
Tot. this week 151,716,005 94,674,983 246,390.988 144,940,731 93,351,342 238,192,073
Tot. prev. w ’k 149,834.942 94,526,839 244,361,781 144,531,527 93,116,167 237,647.694
THE
F IR S T OF J U N E T R E A S U R Y
STATEM EN TS.
Unusual interest attaches to the Government state
ments for the first of June, especially as regards the
gold holdings, since it is known that May has been a
trying period for the Treasury officials, owing to the
resumption of the outward movement of gold on a large
scale during the last half of the month. Up to late
yesterday afternoon the regular mail statements had
failed to reach us, but from the telegraphic returns we
have been able to obtain all the more important items,
ar d thus it is possible to gain an idea of the changes for
the month and of the present position of tt.e Treasury.
Of course no one needs to be told that the Govern
ment gold holdings have been further drawn down, and
therefore at the beginning of June stood even lower than
at the beginning of May. Such a result was inevitable
THE CHRONICLE.
J u n e 3, 1893.1
by reason of the gold shipments, and the only question
has been as to the extent of the reduction. It will be
remembered that at the close of April the 100-million
reserve had been impaired to the amount of about three
million dollars; at the close of May we find the im
pairment about five million dollars— that is, the month
of June opens with the net gold in the Treasury $95,048,640 against $97,011,330 at the opening of May.
The reduction is much smaller than might have been
expected, the loss being only two million dollars,
whereas the shipments of gold to Europe during May
reached fully fourteen million dollars.
It is thus evident that the Government was able to
replenish its holdings from various sources during the
month and that the burden of the heavy gold ship
ments did not by any means fall entirely upon the
Treasury.
The truth is, there were some import
ant variations during the month, which are not
reflected in a mere comparison of the totals
at
the
beginning
and end of the period.
In the early part the Treasury accumulations
were steadily added to and the total rose to above the
100-million mark ; in fact at one time the aggregate
stood at $102,240,563. This was about the 19th of the
month. After that, the exports being very heavy, the
amount was rapidly diminished, and on June 1, as stated,
it had been reduced to $95,048,640. During the last
two day3 the total has no doubt been further dimin
ished, as the gold withdrawals and engagements during
these two days have been $3,500,000. The following
table will show the holdings of all the different kinds of
money June 1, May 1 and April 1. It will be observed
that as against $95,048,640 on the 1st of June and
$97,011,330 the first of May, the net gold holdings on
April 1 stood at $106,892,224.
1S93.
H o ld in g s l y T r e a s u r e r i n S u b -T r ea su rie s —
A p ril
1.
?
-Net gold coin and bullion................................. 106,892,224
M ay
L
Jane
1.
$
$
97,011,330
95,019,640
Net silver coin and bullion...............................
7,750,136
9,837,614
10,262,489
Net U. S. Treasury notes, act July 14, 1890...
6,533,367
10,290,675
10,684,691
Net legal tender notes....................................... 13,217,702
Net national bank notes....................................
11,033,899
10,703,692
3,827,111
5,083.299
5,243,455
Net fractional silver........................................... 11.165,155
11,113,573
11,981,203
Total cash in sub-treasuries, net.............. 149,885,695 144,432,390 113,924,170
A m ou nt in national banks................................ 15,163,303
15,365,529
15,614,581
T n t a ! ca s h In banks and sub-treasuries.164,549,503 159,797,919 159,568,751
D e d u c t other liabilities* wet........................... 38,918,775
38,315,015
38,003,597
A c t u a l cash balance................................. 125,630,723 121,482,004 121,565,151
• Chiefly “ Disbursing Officers’ balances.”
It appears from these figures that aggregate cash in
sub-treasuries has not changed greatly since the 1st of
last moutb, being $143,924,170 June 1 against $144,432,390 May 1. When the amounts in the depositary
banks are added, the changes are still smaller, as on
that basis the aggregate for June 1 is $159,568,751 as
against $159,797,919 for May 1. There has been quite
an increase in the holdings of fractional currency, and
also an increase in the holdings of silver and of Treasury
notes, and likewise an increase ia the holdings of bank
notes, while the legal tenders fell off somewhat. The
figures maybe changed slightly when the detailed state
ment is received by mail, but the differences are not
likely to be material.
There are no other special features to note in the re
turns. It appears that the Customs receipts continue
to increase, and that aggregate revenue of all kinds in
May, 1893, was $30,971,000 against only $28,499,000 in
May, 1892. At the same time the disbursements were
only $30,872,502 in 1893 against $32,755,000 in 1892.
In other words, this year’s receipts have slightly ex
905
ceeded the disbursements, while last year for thatmonth the disbursements largely exceeded the receipt?.
The debt, after allowing for the cash in the Treasury,
was reduced about three quarters of a million dollars
during the month.
THE
P H IL A D E L P H IA
R E A D IN G
READJUSTM ENT.
It lias been known for several weeks that a plan for
the readjustment of Heading affairs might be officially
promulgated almost any day, and on that account the
fact is apt to escape notice how very quickly the plan
to place the company on its feet again has followed the
date of its actual embarrassment. That, however, is
a really noteworthy achievement. The company was
put in the hands of receivers on the 20th of February,
and now, only a little over three months from that date,
a complete and comprehensive scheme for the rehabil
itation of the property is offered to the security holders
of the company. In this respect the reorganization i3
quite unique and gives evidence of great energy on the
part of those who are directing the company’s affairs.
The receivership came suddenly and unexpectedly— at
least to the security holders and the public. The plan
to terminate the receivership comes almost as suddenly
and is in a number of particulars fully as noteworthy.
Of course now that we have the plan, the point of
essential importance is as to the terms and conditions
imposed upon the various interests whose assent is
required to carry the plan through. We cannot hut
regard these terms as very easy. In fact, considering
how deeply the company was involved financially, it is
difficult to conceive how a scheme more favorable, all
in all, could be devised. Three principal concessions
are called for from the different interests; (1) from
the stockholders that they shall surrender the voting
power on their shares for a period of seven years, or
until July 1, 1900; (2) from the general mortgage
bondholders that they shall agree to the purchase of
their coupons for a period of five years, if such a step
shall be found necessary; and (3) from certain leased
and guaranteed properties, acquired subsequently to
the issue of the preference income mortgages in 1838,
that the rental charges shall he redneed or fnnded.
To be sure, a new collateral trust mortgage for $30,000,000, bearing 6 per cent interest, is to be created,
but the greater part of this goes to take up floating
debt and other existing obligations, and will involve no
increase in fixed charges beyond the amounts now
paid on the floating debt. It is also true that sub
scriptions are invited to the new bonds from the gen
eral mortgage bondholders, the three classes of prefer
ence income holders, the stockholders and the deferred
income bonds, but these subscriptions are not obliga
tory or in the nature of assessments, and a syndicate
has guaranteed to take the whole amount of the bonds
if stock and bondholders do not care to avail of the
option extended to them.
In effect, then, as far as the stockholders are con
cerned, nothing is asked of them except the surrender
of their voting privileges for a term of years. Ceneeding that in certain contingencies a stock without a vot
ing power is not a3 valuable as a stock with the voting
power, it must yet be patent to shareholders that they
would have to give up at least as much as that under
any plan of reorganization. The really surprising fact
is that it should have been possible to arrange a scheme
for rehabilitating the finances of the company on a
906
THE CHRONICLE.
basis calling for no greater sacrifices. How the stock
of a company needing reconstruction is Usually treated
can be seen from the Richmond Terminal plan, where
the assessment is $12 50 per share and where yet holders
will be deprived of their voting rights for a number of
years. The cases are not exactly parallel, since the
Richmond Terminal is physically as well as financially
in wretched condition. Nevertheless, the Reading has
pressing floating obligations to amount of about 20 mil
lion dollars, secured by collateral on properties essential
to the integrity and prosperity of the system, and the
burden of protecting these collateral, in default of such
a liberal scheme as that now offered, would necessarily
fall in the main on the stockholders. As the amount
of Reading stock is 40 million dollars, to raise
a sum sufficient to extinguish the
whole
of
the 20-millions floating debt would call for an assess
ment of $25 per share of $50. To be sure, in case of an
assessment some of the other junior securities would
also be called upon for contributions. Part, however,
of the funds shareholders would have to provide them
selves, and as for the rest the interests providing it or
those guaranteeing the subscriptions would insist as a
condition precedent to their furnishing the money that
control of the property— that is, the voting power—
should be turned over to them for a longer or shorter
period. In this case no assessment whatever is imposed
on the stock, and shareholders are not obliged to sub
scribe for a dollar of the new bonds unless they so de
sire. The guarantee syndicate will take all or any
portion of the bonds, but to insure a safe and conserva
tive management, such as they approve, they require—
and very reasonably— that the voting power be lodged
in the hands of five trustees in whom they have full
confidence. Aside from the necessities of the case,
which would make such a concession inevitable in any
event, the interests of stockholders are promoted by
anything that tends to insure good management, the
object in view in this instance.
As regards the concession asked of the general mort
gage bondholders that they consent to the purchase of
their coupons for five years, if such action is found
necessary, the coupons to be held as security for an is
sue of coupon trust certificates, equal in amount to the
coupons purchased, the situation is undoubtedly some
what different. Funding the coupons in the way proposed
is equivalent to adding to the principal of the bonds,
and it may be urged that the company ought to be able
to earn the interest on these bonds. There is a degree
of force in such suggestions, and yet, when the proposi
tion is carefully studied, it appears cigar that the gen
eral mortgage bondholders have much to gain and little
to lose by accepting the same. The intention is to
fund the coupons only in case earnings are insufficient to
pay them, and the possibility of a deficiency of net
earnings is evidently contemplated merely in view of
the desire and necessity of making large improvement
and betterment expenditures out of earnings. Assum
ing that net earnings were insufficient to meet the gen
eral mortgage interest after allowing simply for ordin
ary operating expenses, the interest would have to be
funded anyway, or else foreclosure undertaken after
default, which would have the effect of greatly depre
ciating the value of the bonds. On the other hand, if
there should be a deficiency of net earnings by reason
of the appropriation of earnings to improvements, in
that event the value of the property is increased to just
the amount of such improvements, so that if it is true
that by the funding of the coupons the principal of the
[Y ol. l v i .
bonds is in effect increased, it is equally true that by
the expenditure, for improvements, of the money that
would otherwise be applied on the coupons the value
and earning capacity of the property are likewise in
creased.
It is perhaps not strange that the new management
should consider the agreement to fund the coupons of
great importance, and that they should think that
whatever the amount of the earnings the payment of
the general mortgage interest should be voluntary and
not obligatory. As President Harris puts it, “ There
should be no possibility of a default during the next
five years, and as all betterments and improvements
must be paid out of earnings, the right to fund the in
terest during that period is a fundamental condition to
any safe reorganization of the affairs of the company.”
Of course a consideration of some moment is as to
whether by the issue of the new collateral trust bonds the
present position of the general mortgage bonds is preju
diced or weakened. We think the proper view to take
is that the new bonds come neither ahead nor after the
general mortgage bonds, but simply exist independent
of them, just as the collateral securing them have an
independent existence. Obviously the income from
such collateral is not at present available for the general
mortgage lien, since the collateral is pledged as secu
rity for the floating debt, &c. It will require the
assent of 90 per cent of the general mortgage bonds to
ensure the success of the plan, while in the case of the
stock the deposit of 60 per cent will suffice.
A very important point for the general mortgage
holders to remember is that “ funding” the coupons in
this instance does not mean that they are not to get
cash for the same ; on the contrary it is expressly pro
vided that the coupons shall be cashed— a feature
which ensures the holder against the possibility of a
loss of income for the whole period of five years, no
matter what the company’s earnings may be. The
“ funding” operation consists in retaining the coupons
after they have been cashed as the basis for the issue
of coupon trust certificates. Bondholders also have
the right to take these certificates themselves at par—
the bonds will bear 6 per cent interest— if they prefer
the same to the cash, provided their coupons amount to
one thousand dollars in the aggregate or multiples there
of ; the syndicate (which will take the whole amount of
the certificates if necessary), will also pay par for the
bonds, and will get what must be considered a very
moderate commission— 2-g- per cent, payable in
ten semi-annual
instalments.
Of
course the
coupon bonds will only be issued as the coupons
fall due, beginning with the coupon payable
July 1, 1893, and can in no event be issued faster than
that. The agreement also provides that in case the
railroad company shall in any year have net earnings
after the payment of the general mortgage interest
sufficient in the judgment of the Board of Managers
for the purpose, the company will appropriate the same
to the purchase of the coupon certificates at thb best
prices obtainable or to their redemption at 105. This
is a very important provision both in its bearing oh the
general mortgage bonds and on the preference incomes*
The point of chief moment now, however, is that in
this as well as in other respects the interests of the
general mortgage bonds are fully protected, and that
thus the holders get out of the property all that it is
possible to obtain from it.
As to the reduction of the rental and lease guaran
tees, the most important of these— that of the Lehigh
J unk 3,1898.]
THE CHRONICLE.
Valley— has already been agreed to by the stockholders
of that company, and hence this really valuable prop
erty will be retained in the Reading system. The rest
of the rental guarantees represent mostly minor prop
erties, including the Philadelphia Reading & New Eng
land, whose bondholders will doubtless agree to the
terms offered. It deserves to be noted that the read
justment plan states the situation of the rental guaran
tees in very unequivocal language. The preference mort
gages we are told expressly forbid the appropriation of
earnings to the payment of subsequent rentals or guaran
tees, and that in the present condition of the company its
promise to pay such charges is worthless; “ all that the
Reading Company can do is to treat each property
fairly, to keep its earnings separate, and in case they
are not enough to pay the stipulated rentals or guar
antees, to secure indulgence until the earnings of the
property itself will enable it to pay its own fixed
charges.” In view of this declaration holders of guar
anteed securities of this description will doubtless find
it to their interest to make the concessions asked.
It was stated above that the issue of the new collat
eral trust bonds, to take up floating debt, &c., would
involve no increase in annual charges beyond the
amount now paid. President Harris, in an explanatory
statement, points out that the interest upon the nev
bonds will really be less than the previous cost of carry
ing the floating debt. The average charges paid, he
states, during 1892 upon the floating debt, including
commissions on renewal, amounted to over 9 per cent
per annum; the interest upon equipment notes
amounted to about
per cent per annum, and the
principal loan upon the five per cent collateral trust
bonds of 1892 was obtained, he asserts, under a contract
which gave the lender an option to take them at 82|.
“ A large saving in the annual charges of the
company will therefore be effected if this indebt
edness can be refunded as proposed, and large
amounts of third preference bonds and other securi
ties, now pledged and liable to sale, will be
redeemed and returned to the treasury of the com
pany.” Of the 30 million Collateral Trust bonds to be
created, 22 millions are to be issued at once and the
proceeds used to liquidate $19,991,940 of floating debt,
including $5,000,000 of equipment notes maturing in
1893 to 1898. The bonds will be sold at 95, and a
guarantee syndicate for a commission of 5 per cent has
agreed, as already stated, to take all the bonds not
taken by the creditors and security-holders of the com
pany. The remaining $8,000,000 of bonds are to
constitute a reserve, to be used for working capital and
in the acquisition of additional property at the rate of
$2,000,000 a year.
The situation of the company, then, under the read
justment will be that it will be relieved of the incubus
of a large floating debt, including certain car trust pay
ments, that it will also he relieved of some burdensome
rentals and guarantees, that it will have means for
acquiring needed new property for a term of years, and
that earnings will also be available for improvements
and betterments. Not less important is the fact that
by the change of management already effected there
will be a complete change of policies and methods. As
to the difference between Mr. McLeod and Mr. Harris,
it is only necessary to say that the one is the exact oppo
site of the other.
Moreover, it is made one of
the duties of the voting trustees in whom the
voting power in the stock is to be lodged “ to
prevent in particular the incurring of any addi
907 ,
tional obligations beyond the ability of the said
company to meet as they shall become due and pay
able.
The reader need not be told that the adminis
tration of the property has not been conduc -ed on that
basis in the recent past. Finally, security holders are
told that it is proposed hereafter to exercise the privilege
given by the terms of the income mortgages, and to
charge against income the entire cost of maintenance
and renewal, “ including such reasonable improve
ments thereof and additions thereto as shall be neces
sary for the safe, proper and economical” operation of
the property. That also will be a new departure.
Altogether, therefore, conditions will bo totally differ
ent, and results consequently should also be different,
and the company placed in a fair way to retrieve some
of the errors and disasters of the past. But it should
be understood that security holders have only till June
21 to assent to the plan.
T H E S O U T H E R N P A C IF IC R E P O R T .
The Southern Pacific report is issued in the usual
extended form, and makes quite a large document, folio
size. The company’s affairs attract less attention on
Wall Street than do the operations of a great many
other corporations much smaller in size. This i3 not
because of any lack of interest in its doings but sim
ply because there is very little speculation in its securi
ties on the Stock Exchange, so that public attention is
not concentrated on it to the same degree as in other
cases.
The Southern Pacific is, however, one of the most
important of the great transportation systems of the
country. This is true whether reference is intended to
the extent of its mileage, land and water, or the mag
nitude of its traffic and income, or the wide range of
territory over which its operations and business extend,
or the degree of influence exerted by it as a factor in
trans-Continental competition. The system has been
built up largely through the energy and foresight of
Mr. (J. P. Huntington, who continues the dominant
spirit in its affairs.
Not including roads like the Houston & Texas Cen
tral, the Mexican International and the San Antonio &
Aransas Pass, which are not represented in the South
ern Pacific statements or accounts, the company oper
ated at the eDd of 1892 no less than 6,525 miles of road,
extending from New Orleans and Galveston to Los
Angeles and San Francisco in California and to Port
land in Oregon. The steamship mileage is yet more
extensive, comprising lines between New Orleans and
New York, between New Orleans and Havana, between
New Orleans and Nicaragua, and between Morgan
City and Brazos, Santiago,— aggregating altogether
7,946 miles. Very frequently water mileage is of
little consequence, but in this case, it will be seen, the
mileage covers important routes, and moreover is oper
ated in close connection with, and as part of, the rail
mileage, and it is this combined rail and water mileage
over leading routes that gives to the system one of its
great features of strength. Besides the water mileage
over ocean routes, the company also has considerable
mileage over inland rivers, ferries, &c., which if added
makes the aggregate of all water mileage 9,323 miles.
The combined total of rail and water mileage, therefore,
on which the figures in the annual report are based, is
15,848 miles.
The transportation earning3 for the late calendar year
on this system of mileage reached roughly 49 million dol-
908
THE CHRONICLE.
[V ol . LVI
Though, as stated, net earnings fell off in 1892, yet
lars ($48,972,195), which perhaps gives a better idea of
the extent of the company’s traffic and business than the income statement shows a large surplus above
the mileage. In the year preceding (1891), when the charges. Dividing the lines into two main divisions,
traffic conditions were more favorable, the earniDgs it is found that the proprietary lines had earnings
actually exceeded 50 million dollars, reaching $50,449,- $3,513,893 in excess of charges, while on the other
815. Net earnings likewise afford striking evidence of hand the leased lines (composed chiefly of the Central
the magnitude and importance of the system, for the Pacific and the Oregon & California) fell $903,544 short
total of the net in 1893 was 17# million dollars ($17- of meeting their interest and rental guarantees. De
683,995), without counting trackage rental, etc.— a ducting one from the other the net surplus is $2,610,figure in excess of the gross earnings of a great many 349, and this is the result after contributions of $339,077
large companies. In 1891 the net earnings were $19,- for betterments and additions. Adding income from
investments and eliminating the loss on the Oregon &
286,203.
The company has made steady progress towards CaLfornia, the excess of earniDgs over charges is
larger totals in recent years, and the falling off of increased from $2,610,349 to $3,263,461. Comment
$1,477,620 in gross and $1,602,208 in net in 1892 was ing on this, the report says that the expenditures for
entirely owing to the unfavorable conditions which pre betterments and additions for the various proprie
vailed. As already stated, the company’s lines cover a tary lines, which are a charge to. the capital account of
wide extent of territory, and several of the influences said lines, were $2,301,737, and that taking these expen
operating in this territory in the late year were adverse. ses into the calculation of the year’s operations, the
For instance, on the Pacific system the grain traffic in earnings of the company exceeded its disbursements of
1892 was over 30 per cent less than in 1891, reaching every character, including these betterments and addi
only 754,088 tons against 1,088,538, a decrease of tions, in the sum of $961,724. That is certainly a good
334,450 tons. The decrease followed from the low showing.
It has always been the policy of the management to
price of wheat in California and elsewhere, combined
with the shortage of the wheat yield in Oregon. In use the yearly surplus in betterments and improve
California the crop of 1892 is supposed to have been ments, and Mr. Huntington points out that the benefit
2# million bushels larger than that of 1891, but from the expenditures made in past years is now mani
on account of the low prices producers did not send it festing itself in reduced cost of operation. In 1890
forward freely, and according to the report it is esti the expenditures for special betterments and additions
mated that about 18,435,000 bushels, or 553,063 tons, were $1,931,507; in 1891, $2,275,028; in 1892, $2,659,still remain in warehouses in the interior of the 430, making $6,865,965 together for the three years. A
State.
considerable part of this was expended in changing and
Furthermore, notwithstanding the increase in pro raising roadbed, &c., at various points, where consider
duction the lower price made the value of the crop in able damage had in previous years been done by rain1892jnuch smaller than in 1891, and this diminution, sterms and overflows. Mr. Huntington says it will not
the report states, was reflected in every channel of trade. be necessary to expend again these sums, and that the
In Oregon, where there was the two-fold disadvantage company is able to state for the first time that its lines
of a lower price and a shortage in production, the de have been operated with entire freedom from the
pressing effects were also felt in every avenue of busi serious interruptions to its traffic which occurred so
ness, besides which the fruit crop in Oregon is said to frequently in former years and which were always at
have been unsatisfactory. On the Atlantic system the tended by serious losses. Betterment expenditures for
low price of cotton caused depression in business in other purposes he also thinks will be greatly reduced
Texas and diminished travel. The company likewise hereafter.
suffered from the reduced rates forced upon the rail
Mr. Huntington takes a hopeful view of the future.
roads ^by the Texas Railroad Commissioners, which Referring to the injunction against the Texas Railroad
rates were in effect until August 22, when, as is known, Commissioners, granted last summer, he says that there
the Commissioners were restrained from further en has been a marked change in public opinion with re
forcing them. Several other influences also operated gard to the rights of corporate properties, and that a
to affect traffic and income adversely.
better understanding is constantly gaining ground of
Under such a situation it is evidence of the way the fact that the prosperity of communities and of great
traffic is growing and of the diversity of the system’s busi manufacturing industries is affected favorably or un
ness that the effect upon earnings has been so com favorably in the proportion in which the transportation
paratively small. For it should be noted that though interests are either prosperous or unprofitable. "From
the decrease in gross receipts was nearly 1# million dol this growing sense of the mutuality of interests, and
lars, this is really less than 3 per cent on the earnings of justice to the rights of those who have in
of 1891. Moreover, even this loss has come entirely good faith invested their money in transportation lines,
from the lower rates received, the average per ton per an improvement in rates can be reasonably hoped for.
mile for 1892 having been only 1-598 cents, against From the development of the local resources of the
1-658 cents in 1891, and the average per passenger per section of the States traversed by these lines, which is
mile having been 2-16 cents, against 2*19 cents. Com constantly progressing, and to which the company is
bining all the various roads, aggregate traffic in 1892 giving all possible aid, we may also reasonably ex
was as large as in 1891, the loss on the Pacific system pect a continued improvement in the company’s earn
having been overcome by a gain on the Atlantic system. ings. The improvements in the physical condition
That is to say, the combined freight traffic in 1892 was and additions to the facilities and appointments of the
7,618,477 tons and in 1891 7,619,458 tons, and the company will enable it to handle a large business at
numbe* of tons moved one mile was 1,795,785,030 as the minimum of cost, and in view of these conditions
against 1,789,450,059. In the passenger traffic there there is no reason now visible why the company’ s
was an increase on the system as a whole in both the career of prosperity should not be constantly im
actual number of passengers and the number one mile. proving.”
THE CHRONICLE
J une 3, 1893.J
C l e a r in g s
T e l e g r a p h —S
by
tock
E
xchange
C l e a r in g
We present- below the statement of
clearings for the current week, usually given on the first page
of the C h r o n i c l e , but which on account of the length of the
other tables is crowded out once a month. The figures are
received by telegraph from the leading cities. It will be
noticed that as compared with the corresponding week of
1892 there is a decrease in the aggregate of 5*9 per cent, the
total in each year embracing orly five business days in conse
quence of the Decoration holiday. So far as tbe individual
cities are concerned, New York exhibits a decrease of 9-6 per
cent, and the losses at other poinfs are, Boston 8’9 per cent,
Philadelphia 6*3 per cent, St. L o u i s 5*9 per cent, Baltimore 5*5
per cent and Chicago 3*8 per cent. New Orleans records a
gain of 10*7 per cent.
H
ouse
T r a n s a c t io n s .—
Week Ending June 3.
C learings
Returns by Telegraph.
1892.
1893.
Per Cent.
S t L ou is....................................
N ew O rlea n s............................
$440,129,330
64,923.733
55,840,167
12,517,187
76.462,807
16,475,104
6,951,348
$493,577,450
71,297,470
59,599,894
13,253,774
79.477.000
17.500.000
6,277,005
-9 6
-8 9
-6 -3
-5 5
-3 *8
-5 9
+1G-7
S even cities, 5 d a y s .........
O filer cities, 5 dav§.................
$679,299,836
148,264,328
$740,982,653
140,192,411
-8 3
+5*8
T otal all cities, 6 d a y s ....
A ll cities, 1 day........................
$827,564,164
178,247.419
$881,035,064
187,529,186
-6 -1
-4 * 9
T otal all oltles fo r w eek ..
$1,005,811,583
$1,063,624,250
-5 -0
H ew Y o r k .................................
B o sto n ...................................
Philadelphia ..........................
B altim ore..................................
Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also been
crowded off of the first page. The results for the five months
of the current year are, however, given below and for purposes
of comparison the figures for the corresponding period of
1892 are also presented.
Five Months, 1893.
Description. P a r Value
or Quantity
Actual
Value.
Fire Months, 1892.
Average Par Value 1
Price. or Quantity.
Actual
Value.
43.961.098
Stock j f
$3966072503 }2572614365 64-9 \ ?3.#7?9383™fl |2318«8203?
R R . bonds.. $Ifc0.3G7.600 $128,369,510 76*7
$232,68i ,9501$210,916,415
G ov’t bonds
$336,800
$413,177 112-0
$7cS,450
$920,411
State bonds. $1,119,100
$8.58,598 74-9
$1,386,0501
$897,977
Bank stocks
$711,140 169-1
$420,015
$472,240|
$751,039
A ver '-1
Pries.
61-4
707
116-7
04 8
1590
T o t a l... $4148346050 $2,712946790' 65M
f.4,003,318165'$2 538107929 025
6,63 •,000
PetTm .bbls
$4,131,775 621-k .
10.012.000! 15 8-0.105 58 7-10c
Cotton., bis.
21.; 39.9 10 $956,485,630 $44-00
13.794.u00 $49-*,002 235 $36 10
Grain.bush. 630,099,219 $473,005,4*26
?5c. 920,322,937| $/91,224.700 84 l-3c.
T otal value
*$4,1*6569627!
*$3,833210975'
The transactions of the Stock Exchange Clearing-House
from 'la y 22, down to and including Friday, June 2, also the
aggregates for June to December, 1892, and January to May,
1893, inclusive, are given in tabular form below. The figures
for the portion of May, 1893, during which the ClearingHouse was in operation are dropped from the statement.
STOCK E X C H A N G E C L E A R IN G H O U SE T RAN SACTIO N S.
-— Shares, both sid es.— ,
C leared. Total Value.
M onth—
--------- B a la n ces, on e sid e.-------* Sheets
Shares. V a lu e Shares. C ish . C lea r'd .
1892.
J u n e...
16.684,000 1,041,048.200
July-------9,807,600
699,316,200
A ugust.... 13,998,180
977,586.000
S e p t ............
O c t o b e r ..
N o v e m b ’ r.
D e c e m b ’ r.
1893.
J a n u a r y ..
F eb ru a ry.
M a r c h ___
A p r i l .........
M a y ...........
18.857,.n00 1 , 208 .000.000
20.726.300 1.358.733.000
16,519,200 1,113,890,000
25,321,100 1,758,000,009
1,598.750
1, 120.100
1,657.400
2.055.800
2.325.800
1,831,500
2,687,600
94,566,700 1,433,971
74,180,100
971.760
107,380.900 1.301.600
128,663.500 1,097.506
148.622.000 1,701.400
128.975.000 1,417,800
192.500.000 2,317,400
5,835
5,880
6,183
6,252
5,802
6,790
6,603
28,514.590 2,034.709,000
25.108,900 1,7*4,400 000
24,591.100 1,090,000.0 >o
20,802,500 1,421,*00,000
28,209,500 1,738.900.*■ 00
3,000.000
2.5S7.900
2.703.800
2,311,660
2,8 9,500
210.700.000 3.300,500
172.701.000 3 ,5 2 9 ,0 0 0 .
167.900.000 3,784.100
156.600.000 2.331.000
161.110.000 4,870,100
6.839
6,151
7.080
6.005
7.20J
T o t .y e a r 249.1Q9.C80 16,870,786,400
.— Shares, both sid es.— v
Cleared. Total Value.
r 2 2 . .1 ,2 3 1 ,6 0 0
2 3 . . 6 9 3 ,4 0 0
2 4 . . 6 1 8 .4 0 0
2 5 . . 6 1 9 ,2 0 >
2 6 . . 8 8 9 ,7 0 0
6 9 ,6 0 0 ,0 0 0
3 1 ,000,000
3 2 ,2 0 0 .0 0 0
3 7 .3 0 0 .0 0 0
5 3 ,2 0 0 ,0 0 0
wk. .4 ,0 5 2 ,3 0 0 2 2 3 ,3 9 0 ,0 0 0
' 20 .
30
31. .
e 1. .
2. .
26,749,150
1,740,011,200 28,719,077
75,742
--------- B alan ces, one sid e.---------- Sheets
Shares. V a lu e Shares. C ash.C lear'd.
1 16 ,30 0
8 2 ,0 0 0
7 8 .1 0 0
5 6 ,9 0 0
7 5 .0 0 0
6 ,0 0 0 ,0 0 0 1 1 3 ,0 0 0
3 .5 9 0 ,0 0 0
7 6 .1 0 0
3 ,5 0 0 ,0 0 0
8 7 ,1 0 0
3 ,0 0 0 ,0 0 0
7 8 .1 0 0
3 ,9 0 0 ,0 0 0
7 5 ,7 0 0
329
290
300
294
304
40:1,300 1 9 ,9 0 0 ,0 0 0 4 3 0 ,0 0 0
1,517
9 6 1 ,1 0 0
5 7 ,2 0 0 ,0 0 0
8 3 .2 0 0
4 ,5 0 0 ,0 0 0 1 0 9 ,80 0
316
9 1 4 ,4 0 0
8 5 1 ,90 0
8 1 4 ,2 0 0
4 5 ,5 0 0 ,0 0 0
4 6 .8 0 0 ,0 0 0
4 9 ,9 0 0 ,0 0 0
7 5 ,1 0 0
7 4 ,3 0 0
7 7 ,1 0 0
3 .6 0 0 ,0 0 0 1 1 9 ,3 0 0
3 ,8 0 0 ,0 0 0 1 16 ,50 0
3 ,6 0 0 ,0 0 0 1 03 ,70 0
2 94
293
294
3 0 9 ,7 0 0 4 5 ,5 0 0 ,0 0 0 4 4 0 ,3 0 0
1.197
w k . 3 ,5 7 1 ,6 0 0 1 9 9 ,40 0 ,0 0 0
hO'i
R E V IE W
OF
P R IC E S
IN
M A Y STOCKS, G O V E R N M E N T B O N D S
A N D F O R E IG N E X C H A N G E .
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of May, 1893.
R A IL R O A D A N D M ISCE LLAN EO U S STOC KS.
R a ilr o a d s .
A lb a n y dcS usqu ek’ a .
A tchison T op . & S .F e.
A tla n tic & P a cific___
B altim ore <fe O h io ___
D j B enef. lu t.ctfs .
B alt, ft O h io 8. W. pf.
B o s t .& N .Y .A . L, p r . .
" B r o o k ly n E le v a te d .
Buff. K och. « P
Do
do
p f ........
B url. Ced. R ap. & No.
C anadian P a cific........
C anada S outhern........
C entral o f N. J e r s e y ..
Central P a cific............
Char. Col. & A u g u sta
Cues. «feO., Vo t.T r.cert.
Ohio. B url. 0t Q u in cy .
Onio. & E a s t 111..........
Do
p r e f ..
Chic. Mil. & St. P a u l.
Do
p r o f..
Chic. «fe N o r t h w e s t ...
Do
p r e f..
Chic. & R o ck I s la n d ..
Chic. St. P. M inn. & O .
Do
p r e f..
OI. Cln. C hic. & St. L .
Do
p r e f.
C leve. & P itts b u rg ..
Col. H o ck . V aJL& Tol.
Do
p r o f ..
D elaw are & H u d so n .
Del. L a ck . & W estern
Den. «fe R io G ra n d e ...
Do
p re f...........
Des M oines & F t. D . .
*Dul. 8. 8. 0t A t l ........
* Do
p r e f ..
E .Tenn.V a. & Ga. R y .
1 st p r e f ......................
2d p r e f .....................
E vansv. at T erre H ..
F lin t at P e re M a r q ...
G reat N orth’ n , p r e f..
Do
rig h ts.
G r .B . vV .& St.P.tr.rto.
D o p re f. tr. r e c .
H ou ston at T e x . Cen.
Illinois C en tra l............
Iow a C en tra l............
Do
p r e f ..
K a n a w h a & M ic h ___
Lake E rie at W e st'll..
Do
p r e f ..
Lake S h ore...................
Long Isla n d .................
L ouisville 0t N a s h v ..
Lou. E v. <fc St. L ..........
Louis v. N. A lb . & C h . .
M ahon’ g C oal R .3. p f.
M anhattan co n s o l___
M ex ica n C en tra l........
M ichigan C en tra l___
M inn eapolis at Sc. L ..
T ru st re c e ip ts ..........
P re f. tru st r ce 'p ts
Mo. K an. at T e x a s ...
Do
p r e f ..........
M issouri P a c ific ..........
M obile & O h io .............
Morris Ot E ss e x ...........
Nash, uliatr. & St. L .
N. Y. Cent. & H ud . K .
N. Y. Chic. & St. L ouis
Do
1st pref.
Do
2 d p ref.
N. Y. L ake E rie «fc \V.
Do
p ref.
N. Y. & N ew E ngland
N. Y. 0t N orthern p f.
N. Y. Out. <te W e s t ....
'N . Y. Pa.
O hio p f .
N. Y. Susq. Ot W e s t ...
Do
p r e f..
N orfolk & S ou th ern ..
N orfolk at W e s te rn ...
Do
p r e f..
N orthern P a cific........
Do
p r e f..
Ohio «& M is siss ip p i...
O u io S o u th e rn ...........
Or.*g. R y . & N a v.......
O reg. SU. L . 0t U. N ..
L o w . H u ,h .
R a ilr o a d * .
165
165
Poo. D ecat. Ot E ’ ville.
3
1
%
P
o
rla
at E a ste rn . . .
i3 " 8
3
3*a Pliila. & R e a d ............
8 3 % P. 0 . C. & SC. L ...........
75
Do
p r e f ..
78 % 83
4
3%
P ittsb. F t. W. & C hic.
P itts. & W. p f. tr. rec.
98
98
R ich m on d T e rm in a l.
3(J% 32
Do
p r e f ..
33
30
79
R
io G ran d e W est. pf.
76
57
R om e W ater & G ird..
5ok
bt. Lou. A lt. Ot T. H ..
7 3% 81
49% 51% S t.L vn is S outh w ........
Do
p r e f ..
1 0 4 k 114%
25 ^ 26hi 8t. P a u l M inn. & Man.
2 »
St. P a u l
D u lu th
29
Do
p r e f ..
1 7 k 22*4
8134 92*4 S outh C a ro lin a ............
61% 65% S outnern P a cific C o ..
T exa s 0t P a cifio ..........
99
05 k
66% 76% T ol. A n n A. *& N o. M .
115
1 1 9 k T ol. & O h io C e n tra l..
Do
p r e f.
111
105
*Tol. St. L . & K a o . C.
140
138
Do
p r e f.
68
81% *
U nion P a cific.............
50
?9
U nion PaO. D . & G . . .
112
117
35
4 3 % W abash..........................
Do
p r e f ..
85
91
W heel. & L. E r ie ..........
14.8
154
26
Do
p r e f..
21
62
68 k W iscon sin Cent. C o ..
120
127
E xp ress*
134% 142*3 A d a m s ............................
13% 1 5 k A m e r ic a n ......................
47*4 5 2 k U nited S ta tes.............
6
6 k W ells, F a rg o & C o .. . .
7
9
C o a l Sc J l l i i i n g .
15% 2 1 k
A inert a a C o a l...........
k
3 k Col. C. & I. D e v e lo p ..
22
22
C ol. F u el at Iron . . . .
4
6%
141% C ol. & H o ck . C. & I . .
131
C
o n so lid a tio n C o a l..
16
19%
H o m e sta k e M in in g ..
115
135
M a ry lan d C o a l............
3
5
M inn esota I r o n .........
7^8
9 k N ow C entral C o a l___
12
12
O n tario S ilv e r M in 'g .
4
4
fe u n s y lv a u ia C o a l..
92
lo o k
Q u ick fcilver.................
8
6k
Do
p r e f.
19
28
T enn. C oal & I r o n ___
10
11
Do
p r e f.
16% 21
V a r io u s .
76
67 k
A m . C otton O il C o .. . .
118% 128
Do
p r e f ..
100
107
6 4 k 72 k A m erica n D ist. T e l..
Vam. S u ga r R efin .C o.
22
24
‘Do
p r e f ..
14
20
A m er. Tel. & C a b le ...
105
105
*Ainer. f o b . C o......... .
115
145
Do
p r e f ..
7^8
9 70
B ru n sw ick C o ............
96
1 03
C h ica go Gas C om p’y .
Ilk
Ilk
10
1 2 k Chic. J u n ctio n K y . . .
30
32% C on solid a ted G as C o .
13% Dis. & C at. F eed. C o.
ilk
E lison E l. 111. C o ___
24
19 k
46% G eu era i E le c tr ic ........
31
16
25 k in c. l o a d . ft I n s a l ...
143
149 k L a cle d e G as, St. L . ..
Do
p r e f ..
83
86
99
106 k M anh attan B e a c h ...
M ioh.-P enin. C ar........
15
17
Do
p r e f.
67
67k
Nat. Cord, n e w oerta.
30
35
Do
p r e f ..
17 k
20k
* N ational L ead C o ...
3 0 78 42
p r e f..
23 Hi 3 0 k * D o
N ational L in s e e d ....
10% 15
14% 16% N ation a l S tarch M fg .
1 st p r e l .....................
78
78
13% 16 k N orth A in ericau C o ..
P a cific M ail.................
5 5 k 67
*P ip e L in e T ru st . . . .
59
59
7
8% P u llm an P a la ce C ar.
2 6 k 3 0%
Do
rig h ts.
12*4 1 6 ^ S ilver B ullion c e r t s ..
3 -u t h 'n C ot’ n O il Co.
32
39
Texas P a c. L a u d T r.
15
13
42
U. 8. R u b ber C o.........
25
Do
p e f.
50
69
W estern U nion T e l . .
15
12k
L ow .
10
5
15*8
16
49%
149
29
3=8
13
60
107*4
30
5%
10
110
32
H igh
13
5
26%
181,
56
154
35%
8%
27*4
60
110
37k
7
1 2 78
112
40k
100 103
1
1
28*4 3 0 k
7
8*8
16
7%
45
-40
75
77 k
8
8
12
28ia
9k
8
16i0
10*8
43%
8
15
36
13
9*
1 9 78
17
57
12
150
158
U 3 1 J 1 17%
53
61
144
148
90
90
14
18
40%
60
12
7k
26
28
13k
1 3ia
26%
26k
60
60
8
8%
1 6 k 17
2 90
290
2k
2%
12
15%
16 k 2 0 %
75
77
30
63
52
62
68
SO
58
83%
7
59
83%
112
13
109
58
43
14k
57
5
97
83
934
39
26
67
25
12
»0
8
17k
55k
170
13k
81
4334
9
33
69
30%
44
78%
59
99%
96%
88
78
96%
7%
83%
91
1 34 %
25%
120%
97%
63
18
62
5
97
90
57
101
37k
81
31
17
87
10k
23k
67
180
1634
84k
44
Ilk
57%
91
83k
* U n listed .
The range of Government bon Is sold at the Stock Exchange
in May was as follows:
RA N G E O F G O VERN M EN T BO ND S IN M A Y .
4 k s, 1 891,
4 s, 1907,
4 s, 1907,
reg., ext.'a) 2 p.c.
cou p.
reg.
O pening. . . .
112%
*99
113
H ig h e s t .
112%
113
’99k
112k
L o w e s t .. . . .
*99
112%
C lo s in g ..
*99
113
\12 k
* Traces b id —no sales d u rin g th e m • •til.
6s, c. ’9 8,
rag.
*113k
*114 k
♦ x lllk
‘x lllk
6 s, c. '9 9 .
reg.
* 1 L5
The stocks cleared now are American Cotton Oil common,
*116k
‘ XL 13 k
American Sugar common, Atchison, Chicago Burlington &
* x ll3 k
Quincy, Chicago Gas. Chicago Milwaukee & St. Paul com
mon, Chicago Rock Island & Pacific, Delaware Lackawanna
The following highest and ) . ve^t prices are from actual
& Western, Distilling & Cattle Feeding, General Electric
Louisville & Nashville, Manhattan, Missouri Pacific, Na sales at the New York Stock Exoh ».ige:
R A N G E O F STATE HOADS IN M A Y .
tional Cordage common, New York & New England, New
L ow . H igh . 1
L ow . H ig h York Lake Erie & Western, Northern Pacific preferred,
labam a, Class A —
102 l u z k I T enn . s t tle m e n t S * ..
723a 7 3
National Lead common Philadelphia & Reading, Union LAou
isia n a C oi sol. 4s
94
94
V a. 6 s .d e f ti.r e o .s t ’ d .
5
5
Pacific and Western Union.
So. Car. 6s, n o n -fu n d .
2
2
|
THE CHRONICLE.
#10
The daily posted rates for 60 days and demand sterling
exchange "in May are given below, it being understood
that bankers’ actual rates are usually a fraction below the
prices posted.
BAN K E RS’ STER LIN G E X CH AN G E (PO STE D R A T E S ) FO R M A Y . 1 S 9 3 .
D e
m and.
60
da ys.
M a y.
60
d a y 8.
1Cay
l . „ . 4 8 6*2-7 4 99
2 ....
8 ....
4 ....
5 ----6 ....
7 ..
8 ..
« ....
1 0 ....
1 1 ...
1 2 ...
C
S
t
4 8 «% -7
4 S6*€-7
4 86-*a
S S ^ -d 1?
4 85)3-6
..........S.
.
4 86 ..
85% 6%
4 85*£-'
4 85% -6
4 86
o n d it io n
.
L
t o n
, S
o u is
a n d
A
1 3 ...
1 4 ...
1 5 ...
1 6 ...
1 7 ...
1 8 ...
1 9 ..
2 0 ..
4 89
88% 9 % 2 1 . ..
4 89 *3 2 2 . ..
8 9 V 9 0 2 3 . ..
2 4 ...
4 90
4
4
4
4
4
89*2
S9*a
88-%
8>--9%
88% -9
N
o f
t
. P
. M
.— M r .
o f t iie n a t io n a l b a n k s
c lo s e o f
B
4 90
4 90
4 90
a n k s
in n e a p o l is
C u r r e n c y , h a s fu r n is h e d
tio n
4 90
490
4 PO
4 90-*3
4 90-*3
4 SO
4 90
a t io n a l
a u l
l b a n y
4 86
4 86
4 86
4 S6
4 8 5% -6
.
4 85*2-6
.
4 85*3-6
...........S
4 80*3*6
4 86
4 86-*3
....... s.
Jas.
us
in
H .
th is
th e
May.
60
da ys.
D e
m and
2 5 ....
2 6 ....
2 7 ....
2 8 ....
2 9 ....
3 0 ....
3 1 ....
4 86-*3
4 8 ‘i-*3
4 86-%
...........S.
4 86-%
. . . H.
4 86% -7
l 90-*s
4 90-*3
4 90-%
4 90-*3
O pen.
a ig ii..
L o w ..
L a s t ..
4
4
4
4
4
4
4
4
De
m and.
B
in
,
L
o st o n
o u is v il l e
,
C
,
b u s in e s s o n T h u r s d a y , M a y 4 .
F rom
c it ie s
th em
fo r
M ay
4 a n d M a rch 6, 1893, a n d
fo r
a t th e
covers
M a y 4.
M a r r h 0,
M a y 17,
BOSTON .
1893.
1893.
1892.
N u m b e r ..............................................................................
55
55
55
R esou rces—
L o a n s a n d d is c o u n t s , in c lu d in g o v e r d r a f t s .. $142,975,348 $146 201,895 $156,702,143
S t o c k s , b on d s, & c ....................................................... 12,520,628
12.148.0b4
J 2.489, 36
D u e f r o m r e s e r v e a g e n t s ......................................
17,104.709
17,712,419 28,129,301
D u e f r o m b a n k s a n d b a n k e r s ............................. 16.202,975
15,746,548 13,532,052
B a n k in g h o u s e , f u r n it u r e a n d f ix t u r e s .........
2,7 3 1>.825
2,730,990
2,"31,2 16
O t h e r re a l e s t a t e a n d m o r tg a g e s o w n e d ___
230,197
210,306
2 1,009
G o ld c o in a n d c e r t ific a t e s ......................................
5 ,1 ;>2.702
9,100,083
10.742.7i0
S ilv e r c o in a n d c e r tific a t e s .................................
1,704,777
1,418,3^4
1,915.578
L e g a l t e n d e r n o t e s a n d c e r t ’c a t e s o f d e p o s it .
7.527,1<>2
3,938,404
5,397,268
B ills o f o t h e r b a n k s ................................................
728,692
586,816
718,291
E x c h a n g e s f o r C le a rin g H o u s e .........................
10,589.906
9,*3- ,815 10,116,250
C u r r e n t e x p e n s e s a n d t a x e s p a id .................
216,114
1, 21 9 ,f> 3
256 96)
P r e m iu m s o n U n it e d S ta te s b o n d s ................
694,287
683,053
610,725
O t h e r r e s o u r c e s ...........................................................
812,732
669,084
578,407
T o t a l ......................................................................... $219,226,054 $221,673,414 $244,051,788
L ia b ilitie s —
C a p it a l s t o c k p a id In................................................ $53,100,000
$53,100,000 $53,100,000
S u r p lu s a n d u n d iv id e d profit s .............................
19,664,223
2 1 .5 8 i.9 5 3
19,186,52 )
C ir c u la t io n o u t s t a n d in g .........................................
6,126,' 50
5,712,810
4,473,940
D iv id e n d s u n p a id ......................................................
65,447
31,386
51,796
i n d iv id u a l d e p o s i t s .................................................
98,125,483
97,794,035 113,43 ,789
O t h e r d e p o s it s .............................................................
2 7 7 ,5 6 i
249.465
292.763
D u e t o b a n k s a n d b a n k e r s ..................................
37,713,0-; 2
39,012.618
53.311.S -8
O t h e r l i a b i l i t i e s .........................................................
4,154,237
4,158,147
167.1 si
T o t a l ........................................................................ $219,226,054 $221,673,414 $214,051,786
M a u l.
M a r c h 6,
M a y 17,
C H IC A G O .
1S93.
1893.
1892.
N u m b e r .......................................... ...............................
21
23
22
R esou rces—
L o a n s a n d d is c o u n t s , i n c lu d in g o v e r d r a f t s . $96,824,857 $100,414,204 $100 983 0 8
S t o c k s , b o n d s, X c .......................................................
7.547.763
8,284,679
7,721.003
D u e fr o m b a n k s a n d b a n k e r s .............................. 17.013.292
1 7 /1 3 ,6 2 2
21,004 619
B a u k ’g h o u s e , f u r n it u r e a n d f ix t u r e s ............
862.178
8 7 6 ,-1 1
’ 724 784
O t h e r rea l e s t a t e u n d m o r tg a g e s o w n e d . . .
490.70L
490.903
380**60
G o ld c o m a u d c e r t if ic a t e s ....................................
18,920,180
20.21^,020
20.793’ 1G6
S i l v e r c o m a n d c e r tific a t e s .
...........................
2 ,6 2 7 ,0 )5
2.201,347
2,491*184
L e g a l t e n d e r n o t e s a n d c e r t Jf s o f d e p o s i t . .
7,725,830
5,82 , 559
13, (3 . *341
B ills lo t o t h e r b a n k s ..............................
1,710.257
761,225
2,074 551
E x c h a n g e s f o r C le a r in g H o u s e .........................
6.020.247
0,363,265
6 633 998
■Current e x p e n s e s a u d t a x e s p a i d ...................
258,556
2o2,566
\ o iN 2
P r e m iu m o n U. S. b o n d s .......................
42.770
90,919
101**79
O t h e r r e s o u r c e s ..........................................................
221.152
268,B(S7
2081803
L U lbW t'iis— ............................................................... $100,861,801 $163,609,917 $170,810,328
$28,900,000 $ 2 1 9 0 0 000
13.998.700 13 u 2 s'g 9 »
9/6.71)0
770 256
3.703
7 017
6 9,552,8(5
8 0 ,465,501
2 9 9 ,,2 6
261 581
65,878,133
60,370.679
T o t a i ......................................................................... $160,881,304 $163,609,917 $176,810,328
a n
m m s
M ay i ,
M arch 0,
M a y 17,
N um ber1r.O U .I S : ..................................................
R eso u rces—
£ b a b s n? d d is c o u n t s . In c lu d in g o v e r d r a f t s
b l o c k s , o o n d s , & c .....................................................
D u e f r o m b a n k s a n d b a n k e r s ...........................
B a n k in g h o u s e fu r n it u r e a n d f i x t u r e s . . . .
g o l d c o in a u d c e r tific a t e s ...................................
S i l v e r c o in a n d c e r t ific a t e s ................................
an(i CertiU- 0 f d e P °8 it..
B ills o f o t h e r b a n k s ...............................................
E x c h a n g e s f o r C le a r in g -H o u s e .......................
C u r r e n t e x p e n s e s a n d t a x e s p a i d ............
P r e m iu m s o n U n it e d S ta te s b o n d s .............
O t h e r r e s o u r c e s .................................................... .
L W M t U s - ............................................................
T
-
$32,738,803
2.0-,8 144
3,658,998
874 344
$32,383,183
2 ift-* 101
4,'8 i)3!3 i 0
871 844
2,853*595
2 877*115
908 432
1*9 4 1 1 0 9
2,166.836
1,*9:H>90
144 525
17* 900
1 49*>*003
1 t4 S ‘>38
72.925
’ & ?0i l
74,300
75 300
I 5 6 ,2 c9 _
210,578
*47,372,221
$49,641,646
O t h e ^ e p o s f t r 113.................................................
xf 9
$29 209 031
q ny«>’ =qo
017 2 *1 0 3
876 318
4 003 »0 i
1 914 5 *5
1 958*577
u -k ’ kr^
iS ?* 20 fl
9 s ’« 2 5
lllfm
$19,068,007
21,1
®
12«
T 0 t a L .....................................................................
S T PA I ff
N u m b e r ' l : L ; .....................
$17",372.221
M ap 4,
18f -
. $19,777,598
.
C ir c u la t io n o u t s t a n d in g .
D iv id e n d s u n p a id ...............
.
pu rposes o f
c o m p a r is o n t h e fig u r e s f o r la s t y e a r (M a y 17) a r e g i v e n :
C a p it a l s t o c k p a id i n ................................................ $20 ,900 ,0(0
S u r p lu s a n d u n d iv id e d p r o f it s ............................ 11,113.516
C ir c u la t io n o u t s t a n d in g ........................................
886,500
£ ( I l 2 , e. ? dS, “ W
l : ....................................................
1.130
I n d iv id u a l d e p o s i t s .................................................
75,781,071
d e p o s it s . . . . . . . . . . ........................................
286.203
n f t , o i 0nb l uo.s, an<1 b a n k e r s .................................. 18,856.691
$49,511,616
M a rch 6,
1»3.
$19,058,007
M a y 17
1862. '
O th e r d e p o s it s .....................
D ue t o ban ks and b a n k ers.
O th e r lia b il i t i e s .........................
$5,450,000
1,498,598
281,147
1,019
8,929,717
40,079
2,334,863
1,238*575
. $19,777,598
L O U IS V IL L E .
N u m b e r .........................................................
R es o u r c e s —
L o a n s a n d d is c o u n t s , in c lu d ’g o v e r d r a f t s . .
S t o c k s , b o n d s . & c ......................................................
D u e f r o m r e s e r v e a g e n t s ......................................
D u e f r o m b a n k s a n d b a n k e r s .............................
B a n k in g b o u s e , f u r n it u r e a n d f ix t u r e s ........
O th e r r e a l e s t a t e a n d m o r t g a g e s o w n e d . . .
G o ld c o in a n d c e r t if ic a t e s ....................................
S ilv e r c o in a n d c e r t i f ic a t e s .......... .......................
L e u a l t e n d e r n o t e s a n d c e r t i f ’s o f d e p o s it ..
B ills o f o t h e r b a n k s ..............................................
E x c h a n g e s f o r C le a r in g H o u s e .........................
C u rr e n t e x p e n s e s a n d t a x e s p a i d ...................
P r e m iu m s o n U . S. b o n d s .....................................
O th e r r e s o u r c e s ..........................................................
S liv e r c o in a n d c e r tific a t e s
E x c h a n g e s f o r C le a r ln e .H n n a o .......................
o t h e r r e s o u r c e s :* ..^ ?
iSi iftS
v 'ISl*
M
<JA’?dSl
$14,895,795
1 'n o7,7 Ti’
827 &6t
2
J 2^
“I I
T O ta l......... *............................................................ $21,774,099
$13,896,684
1.309,103
2,304,097
l ,W * , /0 3
ii :I
M
_81,332
"SS385
$22,106,174
May 17,
1892.
$4,800,000
2,567,733
260,670
$22,224,664
M a r c h 6.
1693.
7
$ 1 3 ,3)8.162
820, 71
1,111,6 5
733,771
264.2 8
2->0,705
955.109
93,825
431 .237
127.602
449,076
88.309
37,625
52,004
$18 ,7 1 7 ,0 :9
1,220
9,819,727
460,012
4,308,702
M a y 17,
1892.
7
$10,923,736
448,972
2,396,335
961,281
562,516
371,464
695.108
100,037
1,060,410
230,002
451.443
130,821
43.875
40,184
$18,482,184
T o t a l .......................................................................
L ia b ilities —
T o t a l ................... ..............................................
N u m b e r .....................................................................
R esou rces—
L o * n s & d is c o u n t s , in c lu d in g o v e r d r a f t s . .
S to c k s , b o n d s . & c . . . ........................................
D u e f r o m r e s e r v e a g e n t s ................................
D u e f r o m b a n k s a n d b a n k e r s .........................
B a n k in g h o u s e , f u r n it u r e a n d fix t u r e s ...
O th e r rea l e s t a t e a n d m o r t g a g e s o w n e d .
G o ld c o in a n d c e r t i f ic a t e s ...............................
S ilv e r c o in a n d c e r t i f ic a t e s .............................
L e g a l t e n d e r n o t e s a n d c e r t i f ’s o f d e p o s it,
B ills o f o t h e r b a n k s ............................................
E x c h a n g e s f o r C l e a r i n g - H o u s e ................. .
C u r r e n t e x p e n s e s a n d t a x e s p a id ..............
P r e m iu m s o n U n it e d S ta te s b o n d s ...........
O th e r r e s o u r c e s .................................................. .
L ia b ilities —
Ca p ita l s t o c k p a id i n . .
$18,482,184
M a r c h 6,
1893.
10
M a y 17,
1S92.
10
$17,060,750 $17,729,895
$16,926,119
$4,901,500
l,4.iH,424
449,910
6.953
5.430,219
330.0. 0
4/228.389
896,470
$4,901,500
1,400,570
419,940
17,870
5,307,396
330,000
4,433,837
85,000
$17,066,750 $17,729,895
M a y 4.
M a rch 6,
1893.
1893.
12
12
$16,926,119
M a y 17,
1892.
12
$7,936,111
1,885,174
745,123
704.774
1,063,748
7,950
1,158,002
738,015
933.995
2 3 .8 '5
303.371
86.497
59,184
220.576
$7,691,367
1,753,922
1,347,322
002,414
1,063/161
7,900
1/276,943
558. ;92
88 1.826
51.337
218.S74
49,820
311,553
292,837
$7,578,372
1,684,394
1,338,308
639,375
1,052,506
7,865
1,331.787
654,572
768,754
26,004
168,896
90,157
73.S39
171,989
. $15,867,365
:$ 15,969,508
$15,580,818
.
C ir c u la t io n o u t s t a n d i n g . ,
D iv id e n d s u n p a id ............
.
O th e r d e p o s i t s .......................
D u e t o b a n k s a n d b a n k e r s ..
O th e r l ia b ilit ie s .......................
$18,717,079
$11,910,953
965.108
1,151,451
862,025
321,301
85,885
379,702
57,140
882,072
52,809
57,061
45,712
106.500
48,400
39.702
W A S H IN G T O N , D . C.
$4,605,000
1,372,485
249,980
248
9,508,050
50,534
2,569,597
126,290
$ 1 2 ,4 6 6 / 98 $12,697,004
1,105,093
1,0*9,034
785,449
1,J 51,151
969,700
950 ,1''9
324,793
324,961
97,276
98.522
339,o82
3 0 0 /i6 9
70,722
87.705
525.768
038.138
56,167
55,455
112,021
93,474
48,6-*5
82,381
9-1,500
9 8 .-0 0
71.012
83,492
1,420.170
S u r p lu s a n d u n d iv i d e d p r o fit s .
C ir c u la t io n o u t s t a n d in g --------D iv id e n d s u n p a id ...........................
I n d iv id u a l d e p o s i t s .......................
O th e r d e p o s it s ..................................
D u e t o b a n k s a n d b a n k e r s ........
O th e r lia b ilitie s ..............................
$5,450,000
1,388.274
283,767
2,202
8,559,779
39,255
2,358,568
625.234
M a y 4,
1893.
$2,575,000
1.560.980
512,095
2,003
10,722,477
89,915
368.695
36,000
■$2,575,000
3,471,350
522,855
3,390
10,909,229
85,655
362.023
40,000
T o ta l.
$2,575,000
1,420,008
519,130
1,690
10,038,670
100,351
288,069
44,000
. $15,867,305
$15,969,508
M a y 4,
M a r c h 6,
1893.
1893.
N u m b e r ....................... ...................................................
0
R eso u rces—
L o a n s a n d d is c o u n t s , in c lu d in g o v e r d r a f t s . $8,485,499
$8,374,0C6
S to c k s , b o n d s , & c........................................................
999,665
936,390
D u e f r o m r e s e r v e a g e n t s ........................... ........
1,242.721
1,021.510
D u e fro m b a n k s a n d b a n k e r s ..............................
I ,5 i8 .6 5 3
1,227.334
Kanliino
hniKO
fnm
unH
nroc
O
Gi
B a n k in g h
o u s e , fu
r nitiira
it u r e a
n d ftivf
ix t u
r e s .........
295.000
295,000
o t h e r r e a l e s t a t e a n d m o r t g a g e s o w n e d ___
1,400
1,400
G o ld c o in a n d c e r t i f ic a t e s .....................................
629,347
810,480
S ilv e r c o in a n d c e r t i f i c a t e s ...................................
46.690
44,921
L eg a l t e n d e r n o t e s a n d c e r t ifl’ s o f d e p o s i t . .
168.124
313,019
B ills o f o t h e r b a n k s ................... — ...................
74,003
44,113
E x c h a n g e s f o r C l e a r i n g - H o u s e .........................
188,780
161,901
P r e m iu m s o n U . S. b o n d s ....................................
21,500
22,500
O th e r r e s o u r c e s ...........................................................
07,162
81,673
$15,586,818
M a y 17’
1892.
T o t a l ........................................................................ $13,782,455
L ia b ilities—
C a p ita l s t o c k p a id in ................................................
$1,550,000
S u rp lu s a n d u n d iv id e d p r o fit s .....................
1
1,507,291
- A'’ oni
C ir c u la t io n o u t s t a n d i n g ...................................
259,130
D iv id e n d s u n p a id .................................................
3,207
in d iv id u a l d e p o s i t s ............................................
6,424,775
O th e r d e p o s i t s ......................................................
411.000
3,948,052
D u e t o b a n k s a n d b a n k e r s ..............................
O th e r l ia b ilit ie s ....................................................
56.000
$13,319,778
$15,900,504
,550.000
.464,3:17
203.120
9.703
,09" .890
40,000
!.795,6r.8
$1,550,000
1,502,100
352,600
1,237
7,237,608
50,000
5,206,899
ALBANY
T o t a l ......................................................................... $13,782,455
0 v e rd ra ft3 D u e f r o m r e s e r v e a g e n t s ......................................
1 0 3 **5 0 0
D u e f r o m b a u k a a n d h u n k e r s .................
O th e r T ^ iju u se, fu n H tu r e a u d f i x t u r e s . * . * . * . * 812 ,'(M l
M a r c h 0,
1893.
$1,800,000
2,."88,710
2 6 6 /2 0
2,733
9,908.0 8
4? 5,4 LI
3,535,076
551,000
L ia b ilities —
a n d fro m
p r e v io u s r e p o r ts w e h a v e p r e p a r e d th e fo llo w in g , w h ic h
t h e r e s u lts
th e
L o a n s a n d d is c o u n t s , I n e lu d ’g o v e r d r a ft s .. $13,94 5,510
S to c k s , b o n d s . c*c.............. .......... ....................
620,3 ; i
D u e f r o m r e s e r v e a g e n t s ...................................
1,180,631
D u e f r o m b a n k s a n d b a n k e r s .........................
7 9 9 ,9 9 1
B a n k in g h o u s e , f u r n it u r e a u d f ix t u r e s —
264,237
199.853
G o ld c o in a n d c e r t i f ic a t e s . ..
.
1,152.192
S ilv e r c o in a n d c e r t ific a t e s .
88,225
631,673
B ills o f o t h e r b a n k s .............................
150.054
317,172
E x c h a n g e s f o r C l e a r in g -H o u s e ..
C u rr e n t e x p e n s e s a n d t a x e s p a id .
126,338
35,125
P r e m iu m s o n U . S. b o n d s .................
O th e r r e s o u r c e s .......................................
54.219
a b stra cts o f th e c o n d i
a b o v e -n a m e d
M a y 4,
1893.
7
Resources—
89
90%
88
9 0-%
of
4 8 :,0 1 9
N u m b e r .......................................................................
a s h in g
E c k e ls , C o m p t r o lle r
w eek
C ir c u la t io n o u t s t a n d i n g . .. .
D iv id e n d s u n p a id ....................
I n d iv id u a l d e p o s i t s ................
O th e r d e p o s i t s ...........................
D u e t o b a n k s a u d b a n k e r s ..
O th e r l ia b ilit ie s ........................
M IN N E A P O L IS.
...........
h ic a g o
, W
M ay 4,
1893.
P 4 U L - ( Continued,)
lA a b ilities —
$22,106,174
4 9 0 *3
86%-T
»7
85%
86*3-7
ST
|Vol , LV1.
$8,308,990
1,060,280
3,067,033
1,457,423
298,000
22,111
876,345
41,850
473,741
73,760
137,535
23,000
64,424
100.000
$13,319,778
$15,900,504
S&xmetargf (Skmmt c rc l a l E n g lis h
[F r o m o u r o w n c o r r e s p o n d e n t.)
L o n d o n , Saturday, May 20. 1893.
On Monday the city was startled by the announcement that
the.Commercial Banking Company of Sydney had suspended
payment. The company has been in existence almost sixty
J uke 3, 1893.J
THE CHRONICLE.
years, and has always been considered one of the four strongest
and best managed banks in Australasia. It was closely con
nected with the Government, it did a very large business, and
it was highly thought of here and at home. Up to the very last
moment the city was perfectly certain that it would come
through the trial with even a higher reputation than before.
Its paid-up capital amounts to £000,000, and it had reserve
funds amounting together to £840,000, while there is a re
serve liability of £600,000. It had altogether 150 branches,
almost all being in New South Wales. At the end of Decem
ber its deposits amounted to very nearly 11)4 millions sterling,
of which only a quarter of a million sterling or little more
than 2 per cent was British. For many years past it lias regu
larly paid dividends at the rate of 25 per cent per annum.
Owing to the high credit of the bank, nobody can understand
how it was that the Government o f New South Wales did not
come to its assistance, or why the hank had not provided itself
with help in London soon enough to be protected against the
run.
The deep impression made in the city by this failure was
accentuated by the further announcement that the Queens
land National Bank had closed its doors. It was the banker
of the Queensland Government, and, as in the previous case,
up to the last moment every one was assured that the
Government would strain its credit to the utmost before
allowing the bank to go down. The bank was started 21 years
ago. It has a paid-up capital of £800,000 and a liability of
an equal amount. A t the end of December the deposits
amounted to 8)4 millions sterling, o f which somewhat over
4)4 millions, or 55)4 Per cent were British. On the same day
the suspension of the Bank o f North Queensland was an
nounced. It was a local concern, and if it stood alone would
have been little regarded here. Its paid-up capital amounts
to a quarter of a million sterling, and at the end of December
the deposits were only about £350,009. These three suspen
sions were followed the next day by that of the City
of Melbourne Bank, founded exactly 20 years ago.
Its paid-up capital is half a million sterling, with a
liability of an equal amount, and it had a reserve fund of
£410,000. The deposits at the end of December amounted to
nearly 5 millions sterling, of which 8)4 millions sterling, or
two-thirds, were British. On Wednesday came the announce
ment that the Royal Bank of Queensland had failed. It had
a paid-up capital of £375,000, with a reserve of £43,000.
Its deposits amounted to about £800,000, of which about 2)4
per cent were British. It was a local concern and not very
important ia any sense. Thus during the first three days of
the week no fewer than five banks went down with deposit
liabilities amounting to very nearly 25)4 millions sterling.
In the colonies, as may well be supposed, the excitement
early in the week was' intense. The Government of New
South Wales, acting on the law passed the other day, imme
diately on the suspension of the Commercial Bank of Sydney
gave the legal-tender character to the notes of the Bank of New
South Wales, the City Bink of Sydney, the Bank of Austral
asia and the Union Bank of Australia, for six months. The
two former of these institutions have acted on the Govern
ment proclamation, but the two latter—the Union Bank and
the Bank of Australasia—have refused to do so, announcing
to all concerned that they will continue to pay in gold unless
their depositors and other customers wish for notes. The
announcement by these two banks has made a very favorable
impression in the city, and it is hoped will safeguard them.
But there are fears concerning other institutions, and gener
ally the Government policy is condemned here. In the city the
apprehension that has been growing since these failures
began has decidedly deepened. As usual in periods of
disquiet, unscrupulous persons are setting afloat all kinds
of unfounded rumors. Name3 that are really beyond
suspicion are shamelessly made free with. There has been a
very serious fall in all departments of the Stock Exchange,
though there has been an appreciable recovery from the lowest
quotations. The fortnightly settlement last week was an ex
ceedingly trying one. Since it began up to the present time
about fourteen failures have occurred, though none of them
are important. The real danger of course is that the banks
will continue to call in money from the Stock Exchange.
Each one separately did not call in a great deal last week, but
all called in some, and the total made a serious difference to
the Stock Exchange. If they call in more next week the fear
is that the difficulties will be greviously aggravated. The ap
‘911
prehensions excited by the troubles in Australia of course
have been made worse by the break-down of the negotiations
for a Greek loan and the resignation of the Tricoupi Ministry.
There has been a complete collapse in the Greek market, and
the losses suffered have been very heavy.
In the discount market the failures announced on Monday
caused a decided rise in rates and intensified the unwilling
ness of bankers to deal, so that only persons in really good
credit and with unexceptionable security, have been able to
borrow in the open market. Bills, ton, are keenly scanned
and much discrimination is practiced. But the Bank o f Eng
land has acted with promptitude and liberaliy and has done
a very large business indeed. Oa Wednesday so certain was
the market that the Bank rate would be raised the following
day that bill brokers charged from 4 4 to 4% per cent for 3
months’ bank bills, or where they accepted 4 per cent
it was subject to a change in the Bank rate.
The
general impression in the city that the rate would be raised
was strengthened by the fact that the Imperial Bank of Ger
many put up its rate to 4 per cent at the end of last week to
prevent gold being shipped to London, and at the beginning
of this week the Bank of the Netherlands raised its rate to 3
per cent, with the same object. The evident intention o f the
Continental banks to protect their stocks o f gold led the city
to conclude that the Bank of England would take the
measures necessary to attract the metal from the Con
tinent as well as from New York.
And as a matter
of fact on Thursday the Bank rate was raised from
per cent to 4 per cent. Thus by three successive steps, in
a fortnight the rate has been raised from 2)4 per cent to 4
per cent. Whether there will be any further change depends
upon the course of events. If the great joint-stock banks
begin to act freely once more, confidence will quickly revive
and the 4 per centrate will be sufficient. If, on the other hand,
the large majority of borrowers and lenders have to look to
the Bank of England for accommodation, there will probably
be a further advance.
After lasting six weeks, the Hull Dock strike has been set
tled, and the men return to work next week.
The rates for money have been as follow s:
I n te r e s t a llo w e d
fo r d e p o s its b v
O pen M a r k e t R a t e s .
B a n k B i l ls .
Lon don
T rad e B ills .
I
D i s c 't E rse
J o in t
A t 17 t o 1 4
S to c k
B a n k s . C a llJ D a y s ,
F our
S i x I T h ree
T h ree
Fpur
S ix
M o n th s M o n th s M o n th s M o n th s M o n th s M on th s
A p r . 14
2*4
m a -.2
-
@2^2
@2H 2 @2*4
21 2 ^ 1
— T-X® - 2 @ 2 ^ 2
1 28 2) 6 V 4 » - 296® - 2 « @ - 2) 4®3
2 «® 3
3
294
®
- 2-94® - 3 @ 3)4 3 @3)4
M ay
5
‘
12 3) 4 3949 - 394® — 394® - 1
® -4 ®
1 19 4 14)4 ® 496 4)4 ® 494 4 )4 ® 496 4)4® - 444® -
2
@ 2*4
2X @3
8 @ 3^
4 @ m ®
1
1
1
1
D4
U4
1)4 194
1)4^ 194
2)4 294
3 1 3)4
m
1)4
2
2)4
-
The Bank rate of discount and open market rates at the
ohief Continental cities now and for the previous three weeks
have been as follow s:
M a y 19.
M a y 12.
A p r. 28.
M a y 5.
R a te s o f
In terest a t
P a r i s ...................
3 o r l in ...................
H a m b u rg :............
F r a n k f o r t ...........
A m sterd a m . . . .
B r u s s e ls ..........
V ie n n a .................
3 t. P e te r s b u r g .
M a d r id ............ ..
C o p e n h a g e n ...
Bank
R a te .
O p en
Bank
M a rk et
R a te .
Bank
R a te .
O p en
M arks;
Bank
R a te .
O p en
M arket
2)4
4
4
4
3
3
2
3
2)4
3
3
3
2«
3
3
3
2)4
s
3
3
2)4
3
4
294
2)4
2)4
3)4
2)4
4
2)4
2)4
194
S’A
4)4
5
4
4)4
5
3
4)4
6
4
4)4
5
3
4
4'-4
6
3^
3
3
2 J4
294
3)4
4)4
5
3)4
2 ‘4
2)4
294
2)4
3
3
3
O pen
M arket
294
296
296
2)4
296
2
2)4
4
196
396
4)4
5
4
4 )4
5
3
The following return shows the position of the Bank i f
England, the Bank rate of discount, the price of consols, fee,,
oompared with the last three years:
1892.
1893.
M a y 18.
M a y 17.
£
£
25,592,000
C ir c u la t io n .......................................... 20,589,590
5,478,120
6,837.022
P u b lic d e p o s i t s ...................................
31,195.535
O th e r d e p o s i t s .................................... 29.900,024
11,256,001
G o v e r n m e n t s e c u r i t i e s .................. 11,208.101
27.232,640
O th e r s e c u r it i e s ................................. 30.087,080
13.323.312
16,018,214
R e s e r v e ...................................................
25,100.2*4
G o ld a n d b u llio n .............................. 23,462.902
4 *
36 1-10
P r o p , a s s e ts t o lia b ilitie s , p e r c t .
o
*4
B a n k r a t e ..........................p e r c e n t .
97
C o n s o ls 2 X p e r c e n t .........................
91)6
187,143,0C0
l
155.878,000
C le a r in g H o u s e r e t u r n s ...............
• M a y IS . 1893.
1891.
M a y 20.
£
24.582.680
7,152.350
31,272,760
9.941,882
32.570,601
13,836.889
21,939,589
35 13-16
5
95 5-18
. , 30,000
1890.
M a y 21.
£
24.6S4.015
6,214,06ft
2 6 5 1 8 ,3 5 9
15,505,661
21,277,172
13,883,330
22,120,345.
42)6
3
98 5-10
184 ,179 ,00 0
LHE CHRONLOLE.
"V 'l
M e s sr s.
Pixley & Abell write as follows under date of
May 18:
G o ld —There beiDg still an en tire a b sen ce o f d em a n d f o r g o ld fo r b a r s in
tb e op eu m ark et, the Sank o f E n gla n d co n tin u e s to r e c e iv e all a rriv a ls .
D u rin g tb e w eek £-296,000 has b een p a id in iu bars a n d ooin , and
£ 5 3 0 ,0 0 0 in sov ereig n s h a v e b een ta k en fo r A u stra lia . A r r iv a ls :
B o m b a y . .£ 7 ,0 0 0; t ap e, £ 6 5 .0 0 0 ; C hili, £ 8 ,0 0 0 ; to ta l, £ 8 0 ,0 0 0 . S h ip
m e n t s : B o m b a y , £ 2 ,1 0 0 : M elbourn e, £ 2 7 0 ,0 0 0 ; S yd n ey , £ 2 5 0 .0 0 0 .
S ilv e r—S ilv er w a s stea d y fo r a d a y o r tw o a fte r o u r la st, a n d th e n
gave w a y to 37 •'yd., a d ro p o f a h a lf p en n y , o w in g to th e co m p le te p a D i o
ru lin g iii all m arkets. S in ce th e l o t h th e re h a s b een m ore con fid e n ce ,
and th e p rice h a s re c o v e re d t o 3 7 % d ., a t w h ic h In d ia w ou ld w illin g ly
p u rch a se . A r r iv a ls : N ew Y o r k , £ 1 1 2 .0 0 0 ; C hili, £ 4 3 ,0 0 0 . S h ip m en ts:
C alcu tta , M ay 12, £ 5 ,0 0 0 ; B o m b a y , M a y 12, £ 2 0 6 ,9 0 0 ; B o m b a y , M a y
1 8 , £ 1 0 0 ,4 0 0 .
M e x ica n D olla rs—T h ese c o in h a v e p r e s e rv e d th eir re la tiv e p r ic e t o
silv e r, but d ea lin g s h a v e b een u n im p orta n t. S h ip m e n ts : T o P en a n g ,
£ 1 8 ,2 0 0 .
GOLD.
London Standard.
Bar gold, fine ..oz.
Bar gold, contain’g
24 dwts. silver, .oz.
Span, doubloons, oz.
U. S. gold coin ...oz.
German gold coin.uz
May 11.
May 18.
8. d.
77 9
77
ex
73 9%
78 iX
76 4%
SILVER.
London Standard. May 18. May 11.
d.
Barsllver, flue-, oz. s m
Bar silver, containing 5 grs. gold. oz. 3SJ4
77 9k
73 9*4 Cake silver..........oz.
76 4fc> Mexican dollars...... 37%
76 4^
*.
77
36%
41X
37^
1 88 9 -9 0
3 7 ,6 6 2 ,2 6 L
1 1 ,7 6 2 .5 6 9
8 ,5 9 ',8 9 9
1 .3 9 8 .4 0 8
2 ,3 4 8 ,2 4 4
2 8 .0 4 5 .0 2 2
1 2 ,7 1 7 ,0 6 5
Supplies available for consumption (exclusive of stocks CD
September 1):
1 8 9 2 -9 3.
1 8 9 1 -9 2 .
1 8 9 0 -9 1 .
W n e a t ....................e w t 4 2 ,4 7 9 ,2 8 8 4 6,4 5 1 ,5 0 8 3 9 ,7 3 7 ,8 2 4
I m p o r ts o f flou r..........1 5 ,0 5 5 ,8 0 2 1 4 ,3 73 ,9 5 1 1 2 ,0 9 5 ,9 0 5
B alss o f h o m e -g r o w n 2 0 ,3 5 1 ,1 1 8 2 3 ,9 7 9 ,4 0 5 2 8 ,5 6 1 ,9 9 0
P ublic D eposits
in B a n k s.
Bank
C ircu la tio n .
Total H eld .
C urren cy 6 s ........................
2 per ce n ts ..........................
4 p er c e n ts ..........................
$ 1 ,1 9 1 ,0 0 0
1 ,5 8 8 ,0 0 0
1 2 ,4 6 8 ,0 0 0
$ 1 2 ,2 9 1 ,0 0 0
2 1 ,9 7 3 ,0 5 0
1 4 0 ,2 7 2 ,0 0 0
$ 1 3 ,4 3 5 ,0 0 0
2 3 ,5 6 1 ,0 5 0
1 5 2 ,7 4 0 ,0 0 0
T o t a l..............................
$ 1 5 ,2 4 7 ,0 0 0
$ 1 7 4 ,5 3 9 ,0 5 0
$ 1 8 9 ,7 8 6 ,0 5 0
following state
ment, kindly furnished us by the Director of the Mint, shovt s
the coinage at the Mints of the United States during the month
of May and the five months of 1893.
U
n it e d
S t a t e s M i n t s . — The
F ive M onths.
M ay.
188 9 -9 0.
3 7 ,6 6 2 ,2 6 1
1 2 ,7 1 7 ,0 6 5
3 6 ,7 7 6 ,5 0 0
8 0 ,3 9 5 ,7 1 9
1 8 9 0 -9 1 .
39s. l i d .
3 3s. 9 1 .
8 7 ,1 5 5 ,8 2 6
1 8 8 9 -9 0 .
32s. 5 d .
30a. I d .
1 89 2 .
2 ,4 2 6 ,0 0 0
3 2 1 .0 0 0
3 8 5 .0 0 0
1891.
2 ,4 1 3 ,0 0 0
3 2 3 .0 0 0
2 9 3 .0 0 0
V a lu e.
P ieces.
P ieces.
$
1 ,2 9 8,04 0
1 ,0 2 7,00 0
5 0 ,0 0 0
6 4 ,9 0 2
1 0 2 ,7 0 0
10,0 00
D ou ble e a g le s ............
E a g le s...........................
H a ll e a g le s .................
V alu e.
4 4 1 ,4 2 0
1 70 ,72 2
2 75 ,02 7
$
8 .8 2 8 ,4 0 0
1,-707,220
1 ,3 7 5 ,1 3 5
30
75
Q u arter e a g l e s .........
T o ta l g o l d ...............
1 7 7 ,6 0 2
2 ,3 7 5 ,0 4 0
S tand ard d o lla r s ___
H a ll d o l la r s ...............
Q uarter d o lla r s ........
D im e s ...........................
1 37 .00 0
1 9 4 .0 0 0
2 .3 6 0 ,0 0 0
2 ,1 0 0 ,COO
1 3 7 ,0 0 0
9 7 ,0» 0
f 9 0 ,0 0 0
2 L0,000
1 .4 5 5.32 0
4 ,3 3 0 ,4 2 5
5 .2 4 8 .3 2 0
4 .5 1 0 .3 2 0
1 ,4 5 5 ,3 2 0
2 ,1 6 5 ,2 1 3
1 ,3 -2 ,0 8 0
4 51 ,03 2
T o ta l s ilv e r .............
4 .7 9 1 .0 0 0
1 ,0 3 4 ,0 0 0
1 5,5 4 4 ,3 8 5
5 ,3 8 3 ,6 4 5
F iv e c e n ts ...................
1 .5 1 8 .0 0 0
7 5 ,9 0 0
6 ,4 3 1 ,0 2 0
3 2 1 ,5 5 1
One ce n t.......................
4 ,0 7 0 ,0 0 0
4 0 ,7 0 0
2 2 ,8 0 1 ,0 2 0
2 2 8 ,0 1 0
T o ta l m i n o r ...........
5 ,5 8 8 ,0 0 0
1 1 6 ,6 0 0
2 9 ,2 3 2 ,0 4 0
5 4 9 ,5 6 1
T otal co in a g e ..........
Changes
T o t a l...................... 7 7 ,8 8 6 ,2 0 8 8 1 ,8 0 4 ,8 3 4
189 2 -9 3.
189 1 -9 2.
A z e r . p rice w h e a tw e e k .2 6 s . 4d.
31s. 7d.
A v e r a g e p r ic e , s e a s o n ..2 6 s . Sd.
3 4s. 9 d.
by
D en o m in a tio n .
The following shows the imports of cereal produce into the
United Kingdom during the first thirty-seven weeks of the
season compared with previous seasons :
1 8 9 0 -9 1 .
3 9 ,7 3 7 ,8 2 4
1 3 ,6 3 0 ,9 7 9
1 0 ,2 7 8
6 ,6 a4
1 ,4 5 7 ,4 3 9
2 ,1 0 1 ,5 0 3
1 9 ,7 0 3 ,2 1 1
1 2 ,0 9 5 ,9 0 5
V. 8 . B on d s H eld M a y 3 1 ,1 8 9 3 , to S ecu re—
D escrip tio n o f B on d s.
d.
38M
d.
9
IMPORTS.
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
I m p o r ts o fw h e a t.o w t.4 2 ,4 7 9 ,2 8 8 4 6 ,4 5 1 ,5 0 8
B a r le y .......................
1 2 ,5 2 6 ,8 0 0 1 4 ,5 0 0 ,8 8 6
9 ,1 4 2 ,5 7 5
O a ts................................ 9 ,0 2 1 ,4 3 6
P e a s ...............
1 ,6 0 4 ,6 0 8
2 ,1 1 3 ,7 6 2
B e a n s .................
3 ,1 3 8 ,1 9 7
2 ,5 1 1 ,2 5 3
In d ia n c o r n ........... .. 2 1 ,1 0 1 ,8 3 0 1 9 ,6 9 2 ,0 1 7
F lo n r .............................. 1 5,0 5 5 ,8 0 2 1 4 ,3 7 3 ,9 5 1
B o n d s H e e d b y N a t i o n a l B a n k s .— The following interest
ing statetnent, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national baak
depositaries on May 31.
C o in a g e
The quotations for bullion are reported as follow s:
V ol . LV'l.
in
1 0 ,5 5 6 ,6 0 2
L eg al T enders
3 ,5 2 5 .6 4 0
and
N
8 87 ,19 9 1 1 ,9 1 0 ,8 3 0
45.6 63 ,^ 2 4 1 7,8 4 4 ,0 3 6
a t io n a l
Bank N
otes to
1.—The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank
notes May 1, together with the amounts outstanding June
1, and the increase or decrease during the month ; also the
The following shows the quantities of wheat, flour and changes in legal tenders held for the redemption of bank
maize afloat to the United Kingdom:
notes up to June 1 :
_______________________ _
This w eek
W h e a t.................. q r s . 3 ,4 1 6 ,0 0 0
F .o n r , eq u a l to q rs .
3 0 5 ,0 0 0
W d x e .................... o r e .
5 0 0 ,0 0 0
L a st w eek.
3 ,2 9 1 ,0 0 0
3 4 7 ,0 0 0
4 7 5 ,0 0 0
a u s l i s a F i n a n c i a l m a r k e t * —P e r C a b l e .
■ i.v e r, per o z .................. d
0 jn a o ls .u ew , 2 3* p e r ots.
do
f o r a c c o u n t .........
F r’ cli ren tes (in P arle) fr .
U. S. 4s o f 1 9 0 7 ...............
C an adian P a c ific .............
C hic. M il. & St. P a u l .. ..
Illin o is C en tra l.............
L a b e S h o re ....................
L o n is v ille & N a s h v ille ..
M ex ica n C entral 4 s . . ,
BT. Y . C entral <fe H u d son .
V . Y . L a ke E rie A W e s t’n
do
2 d c o n s .............
H o rfo lk & W estern , p re f
N orth ern P a cific p r e f ...
P en n s v l v a n ia ...........
P h ila d elp h ia & R ea d in g .
U nion P a c ific ___ _
W abash p r e f .. ... .. .
Sat.
M on.
Tues.
Wed.
Thurs.
F ri.
37%
37%
98%
98%
9 8 9 ,«
93%
9 7-47% 97-40
3 7 i i 16
99
99
97 60
3 7 H ie 3734
3713-J6
9 9%
x 5 8H 16 9813-J6
99*4 x 981: 16 981316
9780
9 8 -2 2 ^ 98-20
73La
70%
94*2
125
(37*2
Cl
104
18*4
95
28*s
37
52*4
1150
30*4
1738
78%
69%
93%
125%
67%
61%
104
17%
93
2 8%
3 6%
51%
8%
3C%
17%
78
6938
9334
125
66*4
61*2
103*2
17\
94*2
2 ? 78
36*4
523s
8*4
29*2
1 6 78
7938
7030
94
125*2
6738
61
104
183s
95
28*2
36%
5 1 78
1138
30%
1738
793a
70%
9 43i
125*2
67*2
60*2
104*2
18
9334
28%
3b %
51%
8%
30*4
17*8
78%
68%
92%
124%
66%
60
1 03 %
17%
92%
26
34%
51%
8%
29
16%
ggmnxevciitX and m a s a tlln w o m Uteres
N
a t io n a l
B a n k s , — The
recently been organized:
following national banks have
4 ,8 8 5 .—The F a rm ers’ N a tion a l B an k o f O sage, Io w a . C ap ita l, $ 5 0 0 0 0
,
* resid en t, J oh n H . J o h n s o n ; C ashier. F ra n k W . A n n is.
4,902.- i h e F irst N a tion a l B a n k o f B la n ch a rd , Iow a . C ap ita l, $ 5 0 H ooker^ reS1^e n l’
<"'llarles
A n derson ;
N a tion a l B a n k N otes—
A m ou nt o u tsta n d in g M a v 1, 1 893
A m ou n t issu ed d u rin g M a y ............
A m o u n t re tire d d u rin g M a y ........... .
$ 1 7 6 ,7 5 5 ,2 9 7
* 9 3 8 ,3 3 0
6 2 9 ,1 5 0
C ash ier, F ra n k
4 ,9 1 4 .—T h e M a ttea w a n N a tion a l B au k. M ttte a w a n . N. Y . C ap ita l
$ 1 0 0 ,0 6 0 . P res id en t, T h eod ore B riu e k e rh o ff; C ashier, Daviti
G rah am .
’
4 .8 9 7 — The F irs t N a tion a l B an k o f C ie s co , Io w a . C ap ita l, $ 5 0 ,0 0 0
a qoo v ,
4* G bnverse, P r e s id e n t ; C. A . C ra w ford , C ashier.
4.898— I b e N ational U nion Bank o f N ew Y ork , N. Y. C a p ita l $ 1 ,2 0 0
,, Qni — nmPa Jus,ePh *?• H e n d rix , P r e s id e n t ; E . O. L eech , C ashier. ’
4 ,901 T he S econd N ational B an k o f V in cen n es, Inrt. C ap ital, $ 1 0 0 a on 1 tv. 0 ,- A.11™ T in d olp h , P res’ t ; G e o r g e W . D on a ld son , C ashier.
4 ,.0 4 The h irs t N a tion a l B an k o f C arbon d ale, 111. C apital, $ 5 6 ,0 0 0
A
, * •A . 1 rick ett, P r e s id e n t ; E. E. M itch ell, Cashier.
4 ,9 0 8 — The h irst N ational B a r k o f R e y n o ld s v ille , P en n . C apital, $ 5 0 4 q , - _an,00,,. Gam dou M itch ell. P re s id e n t; J o h u H . K a u c h e r. C ashier.
l,9 1 o T h e h a im e r s N a tion a l B an k o f A th en s, P enn . C apita), $50 POO.. O. L. H a v e rly . C ashier.
’
4 , 9 i , The h it s t N ational B ank o f N ew p ort, P e n n . C apital, $ 5 0 ,0 0 0
Janies B. E ly. P ie s id e n t ; I-. K . B randt. Cashier.
,9 -1 T lie h ir s t N ational B ank o f W au kon . Iow a . C ap ita l, $ 5 0 0 0 0
4 ovo
■ L B oom er. P t c s id e o t ; A lien P,. B oom er, C ashier.
'
4 ,9 ------ The F irs t N ation al B an k o f A tla n ta . T ex. C ap ital. $ 5 0 0 0 0
n a r d y A. O neal, P re s id e n t; J. W. C am p b ell, C ashier
3 0 9 ,1 8 0
$ 1 7 7 ,0 6 4 ,4 7 7
A m o u n t o u tsta n d in g J u n e 1 ,1 8 9 3 * .
The daily closing quotations for securities, &c., at London
are reported by cable as follows for tbe week ending June 2:
L on d on .
J une
L eg a l T en d er N otes—
A m ou nt on d e p o sit t o re d e e m n a tio n a l ban k
n o te s M ay 1, 1 8 9 3 ...............................................
A m o u n t d e p o site d d u rin g M a y ..............................
A m ou nt r e is s u e d * b ’n k n o te s re tir’ d in M a y .
$ 2 1 ,6 2 2 ,9 7 9
8 4 2 .6 4 0
6 2 9 ,1 5 0
5 8 6 ,5 1 0
A m ou nt on d e p o s it t o red eem n a tio n a l b a n k
n o te s J a n e 1, 1 8 9 3 .............................................
$ 2 1 ,0 3 6 ,4 6 9
of national gold b an k s, n o t included a b o v e , $99,777,
According to the above the amount of legal tenders on
deposit June 1 with the Treasurer of the United States to
redeem national bank notes was $21,036,469. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re
ducing or retiring their circulation, was as follows on tbe first
of each of the last five months :
* C ircu la tion
Feb. 1.
M arch 1.
A p r il 1.
$
9 1 5 ,56 1
4 ,9 3 5,24 1
$
8 9 9 ,8 6 2
4 ,9 9 6 ,0 4 4
$
1 ,0 1 0 ,7 2 0
5 ,0 3 2 ,1 4 6
D eposits b y—
J u n e 1.
M a y 1.
$
1 ,1 1 9,95 5
4 ,8 7 9 175
$
fn s o lv ’t bks..
1 ,0 7 6 ,2 5 9
L iquid’# bks..
4 .8 7 9 ,7 2 3
R ed’ o ’g undr.
a ct o f ’ 74..* 1 7,2 4 0 ,5 9 8 1 6,5 3 7 ,4 8 9 1 6,0 9 0 ,4 4 0 1 5,6 2 3,819 1 5 ,0 30 ,4 3 7
T o ta l........... 2 3 .0 9 1 ,4 0 0 2 2 ,4 3 3 ,3 9 5 22,l33 .3 f> 6 2 1.6 2 2 .9 7 9 2 1 .0 3 6 4 6 9
* A c t o f J u n e 2 0, 1 87 4 . and J u ly 12. 1882.
I m p o r t s a n d E x p o r t s f o r t h e W e 2 k .— The following are
the imports at New York for the week ending for dry goods
May 25 and for the week ending for general merchandise
May 26; also totals since the beginning of the first week in
January.
F O R E IG N IM P O RT S A T N E W Y O R K .
F o r W eek.
|
1890.
1891.
1 89 2 .
1893.
■D ry G o o d s ........
G en’l m e r’ d ise .
$ 1 ,9 2 2 ,3 0 0
7 ,7 5 2 ,1 7 1
T o t a l ...........
Since J a n . 1.
D ry G o o d s ........
G en’l m e r’ d ise .
$ 9 ,6 7 4 ,4 7 1
$ 1 0 ,4 5 1 ,6 5 1
$ 1 0 ,1 9 7 ,4 6 1
$ 1 0 ,3 7 7 ,5 0 1
$ 6 3 ,2 3 6 ,5 2 8
1 53 ,7 0 4 ,4 7 5
$ 5 2 ,2 8 0 ,7 3 1
1 74 ,9 3 0 ,9 6 1
$ 5 2 ,4 5 0 ,6 6 0
1 8 3 ,0 1 8 ,7 3 7
$ 64 ,6 1 7 ,1 5 1
2 1 2 ,4 7 8 ,9 9 3
$ 1 ,4 1 9 ,5 3 4
9 ,0 3 2 ,1 1 7
$ 1 ,7 7 0 ,9 9 4
8 ,4 2 6 ,4 6 7
$ 1 .6 24,589
8 ,7 5 2 ,9 1 2
T o ta l 21 w eeks. $ 2 1 6 ,9 4 1 ,0 0 3 $ 22 7 ,1 9 1 ,6 8 2 $ 2 3 5 ,4 6 9 ,3 9 7 $ 27 7 ,0 9 6 ,1 4 9
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign pons for the
week ending May 30 and from January 1 to date:
J unk
THE CHRONICLE.
1893.J
E X P O R T S F RO M N E W Y O R K F O R T H E W E E K .
F o r the w e e k ..
F re v . re p o rte d .
1 890.
1891.
$ 4 ,9 3 8 ,0 8 1
1 3 5 ,03 3 ,2 1 4
$ 6 ,2 6 9 ,7 6 7
1 3 5 ,3 0 6 ,0 5 7
1892.
I
1893.
$ 6 ,8 1 2 ,6 0 3
$ 5 ,9 7 3 ,1 4 5
1 5 9 .5 3 2 .5 8 8 j 1 3 4 ,08 3 ,8 6 5
913
bring about this result is a strong and bold .judge who will
by the force of his personal character and detertnina'ion brir g
such causes to a speedy ending and not let them drag alor g
for years, as has unfortunately generally been the case.
Yours truly,
X. Y. Z
T o ta l 2 1 w eeks. $ 13 9 ,9 7 1 ,2 9 5 $ 14 1 ,5 7 5 ,8 2 4 $ 1 6 6 ,3 4 5 ,1 9 6 $ 1 1 0 ,0 6 2 ,0 1 0
The following table shows the exports and imports of specie
attheport of Ne w York for the week ending May 27 and since
January 1, 1893, and for the corresponding periods in 1892
and 1891:
United States Sub-Treasury.—The following table shows
B a la n ces .
D ate.
R eceip ts.
P a y m en ts .
C oin .
C o in O ert’s.l Ourrcnn/.
E X P O R T S AND IM P O RT S OF SP E C IE A T N E W Y O R K .
E xports.
Im/porls.
Gold.
Week.
Since J a n . 1.
$ 4 ,5 1 7 ,6 3 2 $ 1 1 ,8 6 9 ,6 5 7
1 7 ,9 9 0 ,1 0 2
1 3 ,0 0 0 2 2 ,6 9 8 .5 0 0
2 ,0 0 0
6 ,4 2 3.80 1
1 .5 ( 0
1 3 ,4 6 8
1 ,1 2 2 ,6 7 0
5 ,4 5 0
1 ,0 1 0 ,0 2 0
G re a t B iit a in .............
F ra n c e ...........................
G e r m a n y ......................
W e st In d ie s .................
M e x ic o ’ ..........................
S outh A m e rica . . . . . .
A ll o th e r c o u n tr ie s ..
T o ta l 1 8 9 3 .
T o ta l 1 892.
T o ta l 1 89 1 .
7 8,7 51 ! 2 3,6 27 ,6 4 4 ,
4 ,7 0 1 ,9 9 6 53,371,2211
E xports.
W eek.
Since Jan. 1
2 .6 0 0
5,518
2 ,4 3 3
$ 2 ,1 2 5
4 ,1 2 9,60 9
4 7 8 ,64 0
93.321
3 3.4 79
3 2 3 ,3 4 4
4 5 ,0 9 7
$ 1 0 ,5 5 1
5 8 ,7 8 0
3 4 ,4 0 1
$ 5 ,1 0 5 ,6 0 6
6 ,1 2 2,14 1
1 ,5 7 0 ,4 5 7
Im ports.
Silver.
Week.
G r e a t B rita in ............
F r a n c e ........................
G e r m a n y ....................
W est I n d ie s ...............
M e x i c o ........................
S ou th A m e r ic a ..........
A ll o th e r co u n trie s.
T o ta l 1 89 3 .
T o ta l 1 8 9 2 .
T o ta l 1 89 1 .
‘
Since Jan . 1.
W eek.
Since Jan . 1.
$ 6 8 0 ,2 0 0 $ 1 0 ,6 6 5 ,0 8 0
1 3 2 .1 9 8
1 ,0 0 0
1,000
1 0 ,7 0 5
3 0 4 ,8 1 7
6 60
550
3 7 ,5 3 3
2 7 ,5 8 9
$ .............
$ _______
7 8 7 ,4 4 0
1 ,8 6 9
1 7,5 02
14,0 42
2 8 .3 9 7
7 1 8 ,6 5 3
3 5 5 ,4 7 9
7 3 ,1 7 5
$ 6 9 2 ,4 5 5 $ 1 1 ,1 6 8 ,8 7 7
9 ,7 4 3 ,7 7 9
4 5 9 ,0 0
6 ,2 1 3 ,4 3 3
1,066
$ 3 3 ,4 1 3
7 /? 17
5 1 . *09
$ 1 ,9 6 3 ,6 4 4
5 5 3 ,7 4 3
7 6 7 ,9 5 8
Of the above imports for the week in 1S93 $4,533 were
American gold coin and $163 American silver coin. Of the
exports during the same time $4,443,950 were American gold
coin and $550 were American silver coiD.
the Editor o f the Comm ercial &
Financial Chronicle.—The Honorable Howell E. Jickson, re
cently appointed to the Bench of the Supreme Ccurt of the
United Slates, has, it appears, b^en doing excellent service in
tliecaseof theCentralRailroad&BankiogCompany of Georgia.
Indeed it seems to me that he has been teaching a lesson to
other judges which they might follow with great profit to the
interests which come before them for settlement, ft has been,
I venture to say, too much the custom for judges to retain
authority over railroad corporations by means of receivers,
and to prolong the time during which such receiverships shall
last. The fact that a very large number of persons are de
pendent upon the proper administration of a railroad seems to
be forgotten by our judges, and they are too ready to adjourn
cases to another term of Court. Judge Jackson appears to
have different views.
The Central Railroad & Banking Company of Georgia has
long been a favorite investment for people liviog in that
State and in adjoining States. Indeed, the Georgia Legisla
ture actually passed a law entitling trustees to invest trust
funds in the stock of this railroad company. I am informed
that the distress which has been occasioned by the bank
ruptcy of this corporation is widespread and very deep. The
propei ty has bem nearly a year in the hands of a receiver,
and there was every prospect of its remaining in the hands
of the receiver for at least another year, when Judge Jack
son’s attention was called to the case.
Inasmuch as Judge Jackson is the Supreme Court Justice
assigned to the Circuit in which this railroad company is sit
uated, he was asked to make some orders in the case, and he
set down the cause for hearing at Atlanta on the 25th of May.
The gathering was a remarkable one as the new Justice was
holding his first court since he had been appointed to the
Supreme Court Bench, and the importance of the cause
drew together a large number of lawyers from New York
and Georgia, and a very considerable public audience.
The Jus'ice evidently had come to a full realization of the
situation. It needed some strong commanding judge to come
forward and to bring the whole matter to a close, and Judge
Jackson startled everybody by saying that the Court
did not propose to continue this receivership for any length of
lime, and by asking the counsel whether they could not then
and there go on and try the various points at issue between
them and take a decree of foreclosure and sale at once. It
may be supposed that this announcement from the Bench
created a sensation. It showed that the Court was going to
do what it could for the owners of the property without wait
ing until it drifted away and heavy receiver’s claims accu
mulated against it. Ttie result of this action was that the
case has been set down for trial at Savannah, and a speedy
sale and reorganization of the Georgia Central property may
be looked for.
All parties interested are to be congratulated on the action
of Judge Jackson, and if I am not mistaken the influence of
this course of proceeding wifi go further than the casein
question. W e have had too many of the long and ruinous
receiverships. What a railroad needs when it finds it can
not carry its indebtedness is a speedy reorganizatin and a
short receivership. What is especially needed apptrently to
L ong R
e c e i v e r s h i p s .—
To
M a y 27
«• 29
30
“ 31
Juno 1
"
2
$
3 ,5 0 9 ,0 6 7
4 ,1 2 1 ,2 4 6
$
5 6 ,7 4 0 ,9 7 9
5 6 .5 9 1 ,0 9 4
.H O L ID A Y .
4 ,3 4 3 ,3 4 3 5 3 ,9 36,5 14
2 ,9 0 4,58 1 5 4,9 4 8 ,2 9 1
3 ,4 6 3 ,0 7 7 5 4 ,4 8 3 ,8 2 5
$
2 ,3 2 9 ,9 5 3
2 ,7 9 4 ,7 6 0
4 ,0 5 4 ,3 0 0
3 ,4 S 9 ,5 17
3 ,0 4 3 ,2 9 9
T o ta l! 1 8,8 1 7 ,4 2 9
$
$
2 ,8 1 0 ,7 5 3 1 7 ,0 1 5 ,2 4 8
2 ,8 1 7 ,5 9 9 ( 1 8 ,4 7 4 ,7 7 8
2 ,9 2 0 ,9 7 1
2 ,9 4 9 ,4 4 0
1 ,9 6 2 ,7 5 0
2 0 ,7 4 0 ,9 4 2
2 0 ,2 4 1 ,6 2 9
2 1 ,9 2 3 ,0 1 0
1
1 5 ,8 3 5 .7 1 4
City Railroad Securities—Brokers’ Quotations.
A tlantic A v .,B ’ k ly n .S t’ k.
Gen. M., 5s, 1 90 9 ...A & O
Bl’ck er St. & F al. F .—Stk.
1st m ort., 7A, 1900-.J& J
Br’ d w ay <fc 7 tn A v .—S t’k ..
1st m ort., 6a, 1904 .J& D
2d m ort., 5s, 191 4 ...J & J
B’ w ay 1st, 6s,
.......’ 24
2nd 6s, int. as rent., ’ 05.
Brooklyn C ity—N e w s took
B ’ k lyn orosst’ n 5s., 1908
Bkn.C’y<fcN’ n5 s,1938. J&J
Central Crosstown—St’ k ..
1st mort., 0s,1922.M & N
Cent. P k.N .& E .R iv .—Stk.
Consols. 7s, 1902 ...J & D
4ry Dk.E.B.& B at’ y —Stk.
1at m o r t , 7s, 1893..J& D
104
25
108
180
100
100
105
92
235
107
103
150
115
163
110
140
103
i Dry D ock E . B ’y & B.—
S c r ip ................................... 95 1 0
i Eighth A v .- S t o c k ............ 257. .......
1
1< 5 110
3 o u .........
1st mort., 7s. 1893. A&O 1»21 .......
2d St. Manh.<fe S t.N .A ve, 70, 72
l « t mort., 6 h, 1910.. ATAS 110 l 13
2d M „ incom e,Oa___ J&J 60 04
240 j H ouat.W .S t.A P .F ’ y —Stk. 2 0 U .......
1st mort., 7s, 1 8 9 4 ..J&J 1 0 4
105 |N inth A v e ............................ 127 134
Second A v e .—S to ck ......... .. .. 140
120
1st m ort., 5a, 1909.MAN 1 0 5
S ixth A ve.—S t o c k ............ .. . 230
T hird A v e ............................. ; 180 185
1st M ., 5s, 1937.
J A J 113 ........
T w enty-third 8 L —S to ck .. 3 *0 .......
1st m ort. 7 8 ,1 8 9 3 .
'1 0 3 .......,
30
111
190
.....
W. 1. and Brooklyn Was Securities—Brokers’ yuotatiore.
G A S C O M P A N IE S .
Bid.
Jersey C ity & H o b o k e n .. 180
M etropolitan—B ond s....... 110
M utual(N . Y .)................... 140
100
160
100
9J
People’s /B ro o k ly n ! —
M etropolitan ( B rook lyn '.. 115
G A S C O M P A N IE S .
A sk.'
120
Bonds, 0s. “ ....................
M unicipal— B onds, 7* —
102
95
122
Standard p r o f ....................
Do
com ......................
BlU.
130
I(>0
105
135
105
175
105
80
35
Ask
i 03
*i40~
iT 6 ~
8540
Auction Sales—Among other securities the following, not
regularly dealt iu at the Board, were recently sola
auction.
By Messrs. R. V. Harnett & Co.:
Shares.
SO N at. B r o a d w a y B a n k ... 2 36
1 0 F irst N at. B k. J e rs e y Cv. 3 09
2 5 A m er. E x c h . N a t. B ank. 152
10 B a n k o f A m e r ic a .............214>s
B on d s
$2,O O O Cityof S a v a n n a h ,G a ,
5s, 1 9 0 9 ........................ ........... 104iSi
$ 6 ,0 0 0 Cert, o f In d eb tedn ess
o f 8 tli A v e n u e R S „ F & A .. 108
By Messrs. Adrian II . Muller & Son :
Shet'-cs.
Shares.
184 G r e e n w ich F ire Ins. Co. 1 1 7 34. 5 0 E ag le F ire C o ....................2 0 0
3 0 C o n tin e n ta l F ire I n s ___ 2 5 0
48 E p p m s , S m ith & W. C o. 101
290 A m erican F ire I n s .. 1 2 5 -1 2 5 *g
5 T h u rb er.W h y l. C o , p r o f. 8 0
1 90 H om e Ins. C o .............1 4 0 1 4 1
3 7 N inth Nut B a n k .. 120*5-125*4
150 G lens Fal.'s F ire Fns. Co. 550
B on d s.
2 2 0 P a c ilic F ire [ns. C o .........135
$ 2 1 ,0 0 0 U ulon F e rry Co.. N.
10 E m p ire C ity F ire Ins.C o. 70
Y . & B t’ k ly n , 1st, 5s, 1920,
182 C itizens’ F ire In s. Co . . . 105
M .& N ................................... 98*4-98*2
100 P eter C o o p e r Fire I n s ... 132
$ 2 ,0 0 0 E d iso n E leo. 111. C o.,
4 0 W ashington L ife In s .C o . 156
o f B ro o k ly n , 1 st, 5 s. 1 9 4 0 ,
4 0 G lo b e F ire Ins. C o .......... 7 2 *,
A .A O . ...................................... 101
60 P e o p le s ’ F ire Ins. C o___ 88
$ 1 5 ,0 0 0 City o f N ew B runs6 F ou rth N at. B a n k ........... 2 00 4 ,
w ic k 7 s I m p r .b o n d s , M&N,
5 0 E ssick P rin t’ s T e le g C o. 10
1 8 9 4 to 18i*8............................ 106*3
1 U o . N. J. R R & C an. Co’ s 2 2 1 7g $ 1 ,0 0 0 N ew B ru u sw 'k W ater
1 B ank o f N. Y . N. B. A . . 234*4
C o 2 d, 7 s, l-O.-i, M. v N ___ 111
1 0 S tu y v e s a n tS a fe P op .C o. 7l*a $ 2 ,1 0 0 c i t y o f N e w a rk 4 s,
4 0 C om m on w ea lth In s. C o . 6 1
I F u n d . D e b t B is , 1 9 x 2 ,F & A *00
4 0 0 H . H . W arn er & C o ..
L lm , ord . * 1 0 e i . . . $ 2 9 0 lo t. |
$anhtti3 and fin a n c ia l.
S
T
pencer
rask
& C o .,
B AN KERS.
1 0 W a l l S t., N e w Y o r k .
1 6 C o n g re ss S t., H o ,t o o
A lb a n y .
P r o v id e n c e .
Members o f N tw York and Boston 3 to cr Exchanges.
INVESTMENT SECURITIES.
S
amuel
BANKERS A N D
D.
DEALERS
D
IN
a v is
&
G o .,
IN V E S T M E N T S E C U R IT IE S .
N O . 4 4 W A L L S T ., N B W
S am uex , D . D a v is ,
M em b er N Y . S to c k E x ch a n g e .
YO RK .
Ch a s . B . V a n N o s t r a n d .
T H E M E R C A N T IL E N A T IO N A L B A N K
OF T H E C IT Y OF N E W Y O R K .
N o. 191 B ro a d w a y .
C a p it a l.
-
$ 1 ,0 0 0 ,0 0 0 1 S a r p l a s F u n d ,
-
$ 1 ,0 0 0 ,0 0 0
W ILLIAM P, 8T. JOHN, President. |FREDERICK B. SCHHNC&, C sr.U i,
JAMES V LOTT, Assistant Cashier.
A T P O I N T S S O L I C IT E D ,
.................
__________
THE CHRONICLE.
914
3 £ fo je
I B a n k je ts '
in demand than short bills and cables. Gold exports con
tinue large, amounting to $6,500,000 for the week, of which
$1,000,000 goes to-morrow. Actual rates of exchange are :
Bankers’ sixty days sterling, 4 86%@4 86%; demand, 4 89@
4 89%; cables, 4 89%@4 90.
Posted rates of leading bankers are as follows:
(iia x c tte .
D I V I D E N D S .
X a m e o f C om pany.
R a ilr o a d * .
A lb a n y & S usqueh anna (gu ar.)
B o sto n & L o w e ll............................
C h ic. & N orth w est, p re f. (quar
do.
do
c o m .............
D ela w a re & H ud . C an al (quar.)
E astern o f N H ............................
L ittle M iam i (q u a r.)....................
O ld C o lo n y (q u a r.)........................
P hila. W il. & B a lt........................
R e n s se la e r & S aratoga (g u a r.).
U n ’ d N. J. R R . & C an al guar, (qu
i V l i s c e l la n e o i i M .
H e rrin g -H a ll-M a rv in p fd . (quar
do.
do.
d o. c o m .........
S o u th e rn C otton O il.....................
T r e n to n P o tte r ie s p r e f. (quar.)
P er
Cent.
3%
IV ,
3 )
1%
1*2
2
2%
3%
4
2%
4
2*3
W hen
P a ya b le.
J u ly
J uly
June
lu n e
J une
June
June
July
J u ly
J u ly
B o o k s C losed.
(B a y s in clu sive.)
J u n e 2.
1 J u n e 1 6 to J u ly 2
1 1June 4 to Ju n e 10
to
to
to
J u n e 1 to
M ay 30 t o
June
June
-•
June
June
11
30
J u n e 16 to J u ly
J u n e 20 to J u ly
2
1
26 J une
June
June
10 J u n e 7
Ju n e
Ju n e
15
l o J u n e 2 to J u n e
[V ol. L \L
26
15
to J u n e ll
9
W A L L S T R E E T . F R I D A Y . J U N E *>, 1 8 9 3 - 5 P . M .
The Money Market and Financial Situation.—There has
been no life at the Stock Exchange, and all financial markets
continue to be depressed by the large exports of gold. The
last crops of wheat and cotton were relatively small and the
coming crops give no indications of being excessive, and yet in
the face of these facts we have wheat selling in Chicago at
67%c. and middling upland cotton in New Orleans at 7 5-16c.
These prices well show how little the purchases of silver by
the Government and its forced issue of legal-tender coin notes
monthly under the A ct of 1890 (now amounting to a total of
about $143,000,000) have helped the prices of domestic
products.
Aside from the general condition of the country, there are
now two great financial projects pending in Wall Street, the
adoption of which would materially clear up the situation
and greatly assist in restoring confidence at this center. We
refer, of course, to the Richmond Terminal and the Philadel
phia & Reading reorganization plans. For the general good
and for the purpose of getting financial matters on a sounder
basis, it is to be hoped that the holders of securities may see
their way clear to accept these plans speedily. But whether
or not all classes of holders are satisfied, the very presentation
of these comprehensive schemes of settlement, by powerful
syndicates able to carry them out, marks an era of progress in
our financial methods. Not many years ago a receivership
of long duration and much troublesome litigation was looked
upon as inevitable after every railroad default; but now
things have changed for the better, and reorganization, with
fair concessions from creditors, is looked upon as vastly better
than prolonged wrangling and the wasting away of good
properties by the drain of a receivership.
It is not possible to weigh the merits o f each class of bonds
and stock with mathematical accuracy, notwithstanding a
desire to be absolutely impartial, and among holders a fair
spirit of concession should prevail rather than a determina
tion on the part of each to get the highest price possible for
his own securities, even at the risk of defeating the whole
plan.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 2 to 5 per
cent, the average being 2% per cent. To-day rates on call
were 2 to 3 per cent. Comrnei cial paper is quoted at 6 to 9
per cent, but the market is unsettled.
The Bank of England weekly statement on Thursday showed
an increase in bullion of 112.084,700, and the percentage of
reserve to liabilities was 41-53, against 37-89 last week: the
disiount rate remains unchanged at 4 per cent. The Bink
o f France shows a decrease of 850,000 francs in gold and
an increase of 600,000 francs in silver.
The New York City Clearing-House banks in their statement
o f May 27 showed an increase in the reserve held of $528,100 and a surplus over the required reserve of $25,439,925,
against $24,422,175 the previous week:
S ixty D ays.
P rim e b a n k e rs ’ s te r lin g b ills o n L o n d o n ..
P rim e c o m m e r c ia * ..........................................
D o cu m e n ta ry c o m m e r c ia l...............................
P aris b a n k e rs (fr a n c s )......................................
A m sterd a m (gu ild e rs) b a n k e r s ...................
F ra n k fo r t o r B ren jen <re ich m a rk s lb ’ nk ers
4
4
4
5
D em a n d.
87 -@4 87*3 4
8 5 % @ 4 86 I
85% @4 85%
1 8 % @ 5 17% ,5
4 0 @ 4 0 i 16
95 @ 9 5 % 1
9 0 -@4 9 0%
.............
..............
le ^ s is ^
4 0 % &40%
9 5 % @9558
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, bnyi UK
VB discount, selling par @ % premium ; Charleston, buying
par, selling % premium; New Orleans, bank. $1 50 premium,
commercial 75c.; St. Louis, 50c. per $1,000 discount; Chicago,
80c. per $1,000 discount.
United States Bonds.—Quotations are as follows:
In terest
P erio d s
M ay , M ay
2 7. j 29.
M ay
30.
M ay
31.
June
1.
June
2 s , ..........................r e g . Q .-M ck. * 9 9 ,* 99
r 99
*99
*• 99
4 8 ,1 9 0 7 ................ re g . Q .-J a n ..*112% *112%
xx L1 % '1 1 1 % * 1 1 L%
4’ s, -------1 9 0 7 ..............co u p . Q .-J a n . *112% *112%
*1 12 % * x 1234 *112%
68, c u r ’c y ,’ 9 5 ----- reg . J . & J. 1*105 *105
* x 0 2 % * 1 0 2 % *102%
6s, c u r ’c y / 9 6 ----- re g J . & J . *107% *108
&
* x ! 0 5 *105 |*105
p
6s, o u r ,c y ,, 9 7 . ... r e g . J . & J .| *1 11 % *1 11
* x ! 0 8 *107 ,*108
6s, c u r ’c y ,’ 9 8 ----- reg . J. Jr J.|* 114% *114%
’ x L1 % *111% *111%
6s, c u r ’c y / 9 9 ____reg. J . & J.J*116% *116%
*x 13% *113% T 1 3 %
*T hi6is t b e p r ic e b id a t cu e m o rn in g o o a r d ; n o s a te w^s il ade.
Government Purchases of Silver.—The following shows
the amount of silver purchased in May by tbe Government,
tte purchases, including Monday’s, being the amount required
by law for the month.
Ounces
offered .
Ouncen
p u rch a sed .
P ric e p a id .
P re v io u sly r e p o r t e d ............. 8 ,1 6 7 ,5 0 0
58^ ,00 0
3 1 ........................................
4 ,2 9 4 .5 1 2 $ 0 -8 2 9 0
1 00 ,00 0 $ 0-8 2 8 8
.............
1 0 3 ,98 8 .............
T o ta l in m o n th t o d a te ......... 8 ,7 5 6,50 0
4 ,4 9 8 ,5 0 0 $0-8288 @ $0*8445
@ $ 0-8 4 4 5
@ .............
@ ..............
@ ..............
* T he lo c a l p u rch a se s o f e a ch w e e k a re n o t re p o r te d tiU M o n d a y o f
th e fo llo w in g w eek.
Coins.—Following are current quotations in gold fc r coins:
S o v e re ig n s ...... $ 4 85
N a p o le o n s ...... 3 8 5
X X R e io h m a r k s . 4 7 4
25 P e s e ta s ...... 4 7 5
S pan . D o u b lo o n s .1 5 5 5
M e x . D o u b l o o n s .1 5 5 5
P i n e g o ld b a r s . . .
par
« $ 4 90
P in e s il v e r b a r s .. — 8 2 % » — 83*8
a
3 90
F iv e f i a u o s . . . . . . . — 9 0 ® — 95
-9 4 78 |Mexloan d o l la r s .. — 6 5 % » — t 6 %
®
4 83
D o n n o o m m e ro ’ l --------a — —
® 1 5 7 5 P e ru v ia n s o ls ........— 5 9 ® — 61
E n g lis h s i l v e r . . . . 4 8 0 ® 4 9 0
® 1 5 75
p re m . 0 . 8 . t r a d e d o lla r s — 6 5 ® — —
State and Railroad Bonds.—Sales o f State bonds at the
Board include only $2,000 Tenn. settlt. 3s at 12% and $10,000
S. C. 6s, non-fundabie, at 2.
Railroad bonds have been very dull, with prices in partic
ular cases lower, but on some of the popular 4 per cents a
trifle firmer. It is to be noticed how well many of these first
mortgage bonds have held their prices throughout all the
recent crisis in the stock market. Such bonds as Atchison
1st 4s, M. K. & T. 1st 4s, Ches. & Ohio, R. & A. Div., bonds, and
others of about the same class, which did not rank up among
the choicest gilt-edge Eastern railroad bonds, have nevertheless
maintained their prices so well that any holders could
realize on them not much below the prices previously rul
ing. The Philadelphia & Reading bonds fell off sharply after
the plan was published, owing apparently to bear influences
and to the generally discouraged condition of holders, as
there was nothing material that nad not been known before.
The second and third incomes have sold at very low prices, and
anywhere between 17 and 25 it may be observed that an ad
vance of 1 per cent in their price amounts to from 6 to 4 per
cent on the outlay—thus $10,060 bonds at 17 cost $1,700 on
which 6 per cent is $102, or at 25 they cost $2,500, on which 4
percent is $100. To-day these bonds sold a trifle better, but the
4s were down to 67%. Other bonds were generally weak on
a small business.
Railroad and Miscellaneous Stocks.—The stock market has
been dull with few iuteresting features and weakness generally
prevailing. On Wednesday there was a sharp rise in General
Electric on the covering of short sales, but a good part of the
|
181-3.
Dijper tit’s fro m J
1 892.
1891
advance was lost the next day. Reading stock declined on
M a y 27.
P rev. w eek.
M a y 28.
M a y 29.
Monday for the same reasons above given as to the income
bonds. There was a heavy decline in New England on Thurs
*
!
*
$
*
Q e p lt a l................... 6 0 ,4 2 2 ,7 0 0
.................
6 0 ,3 7 2 ,7 0 0 6 0 .7 7 2 .7 0 0 day for no cause known to the market, though some changes
S u r p lu s .................. 7 1 ,3 6 7 ,5 0 0 1 .................
6 7 ,9 0 6 ,8 0 0 6 4 .3 6 6 .7 0 0
ILoaus and d ls c ’ts 4 1 5 .1 0 1 ,6 0 0 D eo.1 ,0 5 9 ,7 0 0 4 88 ,8 1 3 ,6 0 0 3 3 9 ,0 8 4 ,9 0 0 were made in the board and Mr. McLeod did not resign
from the presidency. There is nothing encouraging yet, either
'C ircu la tio n ______
5 .6 2 0 ,7 0 0 ’ I n c .
3 1 ,6 0 0
5 ,7 9 4 ,1 0 0
3 ,4 7 1 ,7 0 0
W et d ep osits......... 4 3 6 ,7 2 4 ,7 0 0 D e c .l ,9 f 8 ,6 0 0 5 3 6 ,1 0 0 ,3 0 0 3 8 7 ,1 0 7 ,3 0 0 in Distilling or in National Cordage, and a receiver for the first
S p a o i e ..................
7 0 ,6 5 7 ,1 6 0 D e c . 5 7 4 ,0 0 0 103 ,74 2 ,4 0 0 6 5 ,9 5 9 ,1 0 0 named is predicted. The market to-day was quite weak for
&egal te n d e rs ___ 6 3,964,060! L u c.1 ,1 0 2 ,1 0 0 5 4 ,8 9 5 ,5 0 0 4 3 ,3 4 6 ,9 0 0
the general list without any special reason except the gold
Beaerve h e ld ___ 1 34 ,62 1 ,1 0 0 I n c . 5 2 8 ,10 0 1 58 ,63 7 ,9 0 0
L e g a l re serv e___ 1 0 9 ,1 8 1 ,1 7 5 |D ec. 4 8 9 ,6 5 0 1 3 4 ,02 5 ,0 7 5 1 0 4 ,3 0 6 ,0 0 0 exports and the general lack of inclination or ability to buy
9 6 ,7 7 6 ,8 2 5 stocks at any price. Louisville & Nashville sold down to 61%,
flu r o ln s r e s e rv e . 2 5 ,4 3 9 ,9 25 I n e . 1,017,750| 2 4,6 1 2 ,8 2 5
7 ,5 2 9 ,1 7 5 closing at 63%; Western Union touched 80%, closing at 81%;
General Electric closed at 68%; Manhattan Elevated 126%;
,
r,xcHunge.—rue rates nave Deen very strong for Sugar at 86%; Tobacco at 5 8 / Phila. & Reading securities
both sterling and French exchange. Owing to slightly easier were relatively stronger ou good reports from Philadelphia of
cates tor money in London, long sterling bills have been more assents to the plan.
June 3. 1893.J
THE CHRONICLE.
915
NEW YORK STOCK EXCHANGE—ACTIVE STOCKS /or week ending JUNK 2 , and since JAN. I,
H IG H E S T A N D L O W E S T P R IC E S .
S aturday,
M ay 27.
M on d a y ,
M ay 29.
T u esd a y.
M a y 30.
25% 26%
26=6
3
3
3*9
78
788 . *74
*76
76%
77-8 7 7 %
51
51%
*51*9 52%
no
106*4 109
*103
19
19=0
19*0
L42 *136
L42
*135
85
86
84% 85%
14% 14%
36
36%
*17
20
32
*28
*67
70
*12
16
*11% 12%
21% 22%
'1 5
17
5 4% 54%
3%
2 7e
18
18
7 2%
41%
118
41%
85
22%
121*4
140%
13%
48
%
25
4*4
137
115
93%
7*4
23
18
71%
1 23
1 04
66
18%
21 &a
131 "
100
12%
33
12
21
38%
20
90
101%
15*4
64%
31
17 7g
37 *0
2 6%
12%
15
14%
57%
27%
14
35%
2 7%
14
36%
32
*65
*13
12
16%
*15
*53
3
IS .
32
68
16
12
2 1%
17
57
3%
18
6%
6*2
*6
6%
*11% 12
*11% 12
'3 5
37
37
37
*102
105
102% 102%
*107
109
*167
109
2 8 % 28=s
23*a 28%
*7%
8
7-4
7*4
10
1 0 's
7*4 10
*40
50
*39% 50
*75
81
*75
81
2 9 % 29=8
29
2 d 7a
10% 10%
'1 0 % l i b 844
8%
8
8
17
16% 1 7
1 7 -.
*15% 17
*15% 17
*47% 56% *47% 56%
*9
11%
*8
11*4
*37 %
*71
87
*86%
61%
88*4
74%
15%
175%
82%
173)
38%
74
88
88
61%
88-4
75
15%
45
133
19%
7 %
17-8
47
31%
76
9 >4
17
20%
58
176
83%
18*.
4 i%
84%
44%
845 k
*
x .2 9
18%
65
16
45
*31
*72
9
*14
20%
37%
71
85%
86
59%
*85
7 2%
14%
38
73
87%
86
61
89
7 4 7s
14%
1 2 8 * . 131
16
18 7«
64% 67%
15% 17%
41
50
3u*s 31
72
73%
9
8%
*13
14
20% 26%
56
57
175
175
-8 2 % 83%
1 7 7s 18%
76
76
44% 44%
82=% «4 %
Sales
o f the
W eek,
Shares.
STOCKS.
F rid a y ,
J u n e 2.
R a n g e o f sales In 1893.
L ow est.
A c t iv e H R . S to c k * .
A tch iso n T o p . & S an ta F e ___
A tla n tic & P a c ific .....................
B a ltim o re & O liio .....................
Canadian P a c ific ........................
Canada S o u th e rn .......................
Central o f N ew J e r s e y .............
C hesapeake & O ., v o t . tr. c e r t.
32,6 10 2 3 % M a y 15
24*8 25
*3
160
3*9
3
F eb. 21
70
74
900 7 0 J u n e 2
75% 76%
2 ,050 73*9 M a y 17
49% 49%
5 ,0 9 0 49
June 1
106
107
1,489 104% M ay 5
3 ,0 ,0 17*9 M a y 5
18=4 1 8 78
*138
42
84*8 85% C h ica go B u rlin g ton & Q ulnoy. 29,752 81% M ay 13
61
61
250
94% 94%
460
66*9 67*9 C h lca g o M tlw a u k e e & 8t.i*au l. 148,970 6 6 % J u n e 2
115% H 5 %
Do
p re f.
616 Ll 5 M a y 4
106% 107*8 C h ic a g o * N o r t h w e s t e r n ........
6,855 105 M a y 5
138
M a y 18
70
72% C liloago R ook Isla m ! * P a cific. 24,6 35 6 8
71% 73
71** 7 3%
M a y 13
40
41
38
6,130 38
3 9 78 41%
393i C h ica go St. P a u l M inn . & Om.
Ju n e 2
115
*115
Do
p re f.
150 112
*115
us
M ay 5
us
L15
40
41% C lev e. C ln oln. Ohio. & St. L . . .
41
2 ,6 5 0 3 5
41%
41
42%
M ay 5
87
87
105
2 2 % 23
2 ,3 2 0 2 0 % J u n e 2
2 1% 22
20=e 21% C olu m bus H o o k in g V al. & T o l.
*64
72
9 62
*64
72
Do
p r e f.
69
69
M ay
5
L22W 12138 122% 12 L L21 % D ela w a re & H u d s o n .................
122
2,828 120 M a y 11
140% 139=8 1 40=s 137% 139% D elaw are L a ck a w a n n a &W est 16,391 134% M a y 13
139
13% 13% *13
14
850 13% M ay 31
13% 13 sa
D en ver <fc R io G r a n d e .............
605 4 6 % J u n e 2
*46
47*4
47
Do
p r e f.
48*4
46*4 46*4
2
,4
00
% M a y 29
% E ast T e n n e sse e V a. & G a ........
%
*0
%
*9
*10
Do
1 st p r e f.
*10
25
*10
15
22
M ay 3
25
4
4
4
4
4
4
=>Do
2d p re f.
2 ,415
4
M ay 25
137
136% 135
E va n sville & T e rr e H a u t e ....
1 ,100 131 M a y 5
137
L36
112
112
415 114 J u n e 1
115
114
LI 4
G re a t N o rth e r n ,p r e f............. .
115
92
93
92
Illin ois C e n t r a ............................
3 ,1 8 5 88*4 J u n e 2
90
88*4 90
7
140
7
*n %
7
7
*6*9
Towa C e n tra l...............................
6*9 M a y 4
23
23
*20
*20
*20
23
Do
p r e f.
19
M ay 15
17% 17% L ake E rie & W e s t e r n ...............
305 16% M a y 15
*17% 18% *18
18*9
714,
1,265 67% M a y 15
69% 70%
Do
p r e f.
71
71
71%
4 ,2 0 2 118% M ay 16
1 2 2 % 1 2 2 % 121% 122
120% 12 L S L ake S h ore & MJoh. Southern.
IOO 100
*100
104
L o n g I s la n d .................................
*100
104
155 l o o
M ay
5
61% 64% LouisviHe<fe N a sh v ille ............. 15,060 61% J u n e 2
65
66
65*9 66%
17%
16% 17
L ouisv. New A lb . <fc C h ica go..
17
19
4 ,7 6 9 14 M a y 4
1
7
78
*
20
100
215 k 20% 201o *
129
1304! 12 S % 130
129
125
M anhattan E le v a te d ,c o n s o l.. 11,087 115 M a y 5
450 9 6 M a y 15
100
97*9 97% M ichigan C entral........................
99*4 99% *95
100 11% M ay 10
9 5% 96
68
6 8%
118
L18%
107% 108
7 2 7«
72%
72
*414) 42%
39%
1 16
119
'1 1 6
42% 42%
41*«
85
2 2 1« 22%
22
*64
72
125
125
123*4
139=8 1403s 1 38%
*1 3!* 14%
1**9
*47
=8
=s
%
*10
25
*10
4
4
4
1 35 % 136i« * ___
*115
117
115
9234 92% *92%
7
7
*6%
*20
*20
23
19
*1814
18
‘ 7 2 m 73%
71*2
1221* i 2 3 s 1 22%
*1004s 102
*100
65
65=8 6 6%
19
19
18
*
2 1% *
128
13414 130%
100
100
*95
*11% 12
*11%
*30
3 2% *29
11% 11% *11*4
2 v 7e 2 0 7e
20%
3 7 78 38=4
3 7%
*20
25
20
*86
90
*86
101% 102% 10 %
*15
16%
15
75
64%
*2*',!* 31
*29
1 7%
17=8 18
3 7%
26*4 27 =s 2 5%
*200
*13
15
12%
15
15%
15
*14% 1 5 %
14%
*58
60
5 7%
T h u rsd a y ,
J u n e 1.
25*o 26*8
24% 26*8
3%
3=8
3*4
3*4
75
*74
76
75
*75% 76%
76
77*9
50
51
49
50%
.09
109
‘ 108
109%
19
19*o
19%
19
*136
L42 *138
.45
8 4 7s 8 6%
8 4 7q 86%
61% 61%
95
95
67% 69 ^
67=8 69 4
118
118
.18
ns
1 06 % 108*.
107*4 108
25%
-318
6 3 is 69%
*117
108
108*4
W ed n esd a y ,
M ay 31.
pq
O
F
0
11
11% 11*8 *11% 113*
11
M issouri K a n sa s & T e x a s —
• 2 0% 20%
20
20%
21
21
Do
p r e f.
3 5 % 37%
34% 36% M issouri P a c ific ..........................
37% 38**
19% 20
22
19 % 20H, M obile A O h io ..............................
*19
*86
90
86
86
Nash v . C liattanooga& St. L ouis
*86
90
10058 101% N ew Y ork C entral & H u d s o n .
101*4 101% 1 01% 102
1 4% 14% New Y ork C hic. & St. L ou is ..
15
15
15
15
*
75
31%
*29
31
Do
2d p r e f.
*29
31% *29
173g 17=8
16 3^ 17=6 N ew Y o r k L a k e E rie <fe W est’ n
17*9 37=8
36%
36
3
6
7s
3 6 *8
36% 36
Do
p r e f.
21
2 1 7g N ew Y o r k & N ew E n g la n d . . .
2 3 si 2 6%
20 % 24%
*12%
1434
*14
*56
16
15%
15
58
*13
14%
*14%
55
16
15
15
55
*13
1450
*14
55
26=8 28
14
14%
3 5 7e 36%
18
18
32
*28
*65
63
*12
*11% 12%
15% 17-4
17
*15
*53
56
3
2=8
18
18
28
1 3%
33%
*16
*29
*60
*12
*12
16%
*14%
56
2 78
20
28
14
36
20
32
70
15
12%
17*4
17
56
3*8
20
23
25%
Do
p r e f.
13% 13% N orth ern P a c i f i c ........................
33% 34-t
Do
p r e f.
li
15
32
*28
O hio S o u t h e r n ............................
*60
70
O regon R ’ y & N a v ig a tio n C o.
*12
O regon Sb. L ine <feU tail N orth
12
12
P eoria D eca*u r & E va n sville.
16*9 17*4 P h ila d e lp h ia & R e a d in g ..........
14% 15
P itts b u rg Cinn. C hic. <fe Bt. L.
*02
56
Do
p r e f.
2*9
2 7fi R ich m o n d & W e st P o in t T e r’ l
*16
IS
Do
p r e f.
6
*6
6%
*6
6 %1
11
*11% 1 L% *11% u i t
*35
40
*37
*37
40
*102
105
102% 102% *102
109
110
*107
-1 (5
n o
28% 28=4
28*8
28=8 28%
7
7
7
7*8
7-4
7%
8
7%
8*8
7 78
*40
50
*39
*39
50
*75
*75
81
■75
81
27%
28*o 29%
28*8 29%
9%
10
*10*4 10%
10%
8
7%
8
8
8
1 6 % 16%
1 5%
16*8 165*
1 4% 15**
14
16
16
56% % 7
49
*47
56%
9
9
9
*8*9
9
*
36*o
71
85%
86%
69%
*85
71%
*44128%
15%
66*8
1 6 nj
*45
29%
70%
8 7e
*13
J 9%
57
171
*82%
1 7 7e
*43
82%
* These are bid and asked; no sale made.
37*9
72
89
86%
60
89
73%
16%
4fS
1*9
17%
74%
17%
55
3t
71%
9%
14
20
57%
1 7 4 -It
83%
18%
35%
71
8 ri*4
87*9
60%
*34
71*9
*15
40
1 29 %
15 %
6 9 7s
16%
*45
30
70*4
8=8
*12
19%
5*3«
17434
*6 Z%
17%
75
47
*43
83*»
►1%
37
71%
89*.
87%
6 0 s»
89
7350
16
16 N ew
14% New
In
New
55
6%
11
38
105
110
28%
7
8
50
81
2S
9*4
8
16%
l.V's
51%
1 0%
Y o rk & N orth ern , p r e f ..
York O n tario <& W estern
Y ork S usqueh an. <fe West.
Do
p r e f.
St. I.ou is S o u t h w e s te r n .........
Do
p r e f.
St. P a u l <fe D u lu th ......................
Do
p re f.
St. P a u l M inn. <fc M a n it o b a ...
S outhern P a cific C o ...................
T e x a s <fe P a c if ic ..........................
T o le d o A n n A rb o r <fc N. M ich .
Do
p r e f.
U nion P a c i f i c ..............................
U n ion P a cific D e n v e r & G u lf.
W ab a sh ............... ..........................
Do
p re f.
W h eelin g & L a k e E r ie .............
Do
p r e f.
WiBOonsln C en tra l C o ...............
1 l U f a c e ll a u e o i i M S t o c k * .
35
3 5 % A m e r ic a n C o tto n O il C o .........
70
69
Do
p re f
85*8 8 6% A m . S u u a r R e f .C o .....................
Dn
p r e f.
85=s 86*9
58
59
A m e r ic a n T o b a c c o C o .............
8 5 7g 87*9
Do
p r e f.
68% 713s C h ica go G as C o., tru st r e c ’t.g
14% 1 4 % 'C o lo ra d o C oal & Ir o u D e v e l ..
*
45
1 27 % 129 % C on solid a ted G as C o ...............
16
1 ’ % D istillin g <k C attle F e e d ’g C o .
68
70% G en era l E le c tr ic C o ...........
15% 17 N a tion a l C ord a ge C o ., n e w . ..
*50
60
Do
p r e f.
29% 30
N a tion a l L e a d C o ......................
70
Do
p r e f.
70*9
9
N orth A m erica n C o ...................
9
*12
IS
Oregt n I m p r o v e m e n t C o ........
7 8 76 19% Pacific M a i l .................................
*60
170
172
P ullm an P a lace C ar C o ...........
* 8 2 78 8 «% s ilv e r BuU ion C e rtifica te s___
17% T en n essee C oal At I r o n ...........
129 s.
1 6 78
75%
1 "%
50
31
70*4
9*4
18
20*9
58
174 \
83*9
17%
75
47
*43
47
U n ited S ta tes R u b b e r C o ........
833 k 80 7q 82% Ww4i 1. • niihi i**.»*sfr>tnh___
Prices from both Exchangee.
x Ex div.
H ig h e s t
36*9 J an . 1 6
29
9 7 % Jan. 2 4
90% Jan . 1 6
58% Jan . 1 6
132% Jan . 2 1
26
A p r. 6
103 7s Jan . 21
83*9 Jan . 2 3
126 Jan. 2 3
116% F eb. 1
20
893s Jan. 2 3
5 8 % Feb. 9
121 F eb. 3
60*e Jan . 2 3
30
3 2 % Jan . 1 9
73% Jam 17
139 Jan . 2 7
156% Jan. 2 7
18% Jan. 21
57% Jan . 2 3
5 7g F eb. 4
35% F eb. 3
11% Feb. 3
152 Jan . 1 2
142*9 F eb. 7
104 Jan. 2 5
11 Jam 2 5
3 7 Jan. 16
25% Jam 1 4
82 Jan. IS
134% A p r. 8
118*9 J an . 21
77=8 Jan . 21
2 7 Jan . 14
16
174% J am 1 3
108*9 A p r. S
14
16
62t
11 J u n e 2 16 Jan . 2 5
1,244 19*9 M a y 3 28=8 J an . 16
1 9 ,4 2 5 3 4 M a y 11 60 J an . 2 1
52n 16 M a y 10 3 5 % J an . 5
100 85 M ar. 20 9 0
A p r. IS
3,826 98
M ay 15 111*9 Jan . 25
83o 14% J u n e 2 20 J an . 1 7
10 67
M ay l l
23
A p r. 5
30
M ay 10 41
10,685 16% J u n e 2 2 6 % Jan . 2 5
1,300 36
JuDe 2 58 Jan . 2 4
62,C7u 2 0 % J u n e 1 5 2 % Jan. 17
253% i eb. 20
18
10 10% M a y 5 3 8
Jan. 2 4
3,500 14% M ay 16 19=i Jan . 2 0
300 1 3 % M ay 4 2 1 % Jan . 2 3
600 55 J u n e 1 7 3 % Jan . 2 3
7
M ar. 8
10
1,900 23 J u n e 2 39% Jan . 2 3
2 ,0 7 0 12% M a y 15 1 8% Feb. 1 4
11,7 38 32 M a y I t 50% F eb . 6
200
25 F eb . 1
20 25 M a y 16 4 9 Jan . 2 5
50
M ay 15 84% Jan . 2 3
12% M ay 15 2 5 Jan. 16
8 00 1 0
M ay 2 18*9 Jan. 21
2 4 8 ,6 8 5 15=8 M a y 31 53% Jan. 2 5
320 14% J u n e 2 21% Jan. 2 4
2 22 4 9% M ay 18 62 J an . 2 4
Feb. 3
31,4 91
2% J u n e 2 12
F eb . 6
M ay 5 43
688 1 8
25
16
M ar. 16
60
M ar. 17 62% Jam 28
7% Jam 1 8
600,
5*9 M a y 5
2 0 0 10 M a y 4 15 Jan. 18
10i» 3 2 M a y 15 47% Jam 18
2 0 0 100 M a y 5 108 J an . 3 0
18 1 1 0 M a y 16 116 % F e b . 14
2,100 2 8 % J u n e 2 3 5 % J am 1 6
1,20 0
7
M ay 4 11 Jan . 19
7 % M a y 2 9 4 0 % Jam 3 1
3,15(J
j 5 0 Jan . 17
7 5 % M a y 11 i 85 J an . 7
1 1 .2 8 7 2 7 % J u iie 2 4 2 % J an . 2 7
9 h J u n e 21 18% J an . 1 6
305
B6C
7% J u n e 2 12% F e b . 9
4,44 5 1 5 % J u u e 2 26% F eb . 7
10^8
M ay 4 2 3 % J an . 1 7
920
510 43% M a y 5 67% J an . 1 7
IOC
8 M a y 16 1 5 % J a n . 2 8
!
5,095 3 0 M a y 5 5 1% M ar. 3
855 68 M a y 5 8 4 F eb . 1 4
6 7 ,1 k5 62 M a y 5 134% F eb . a
1 .812 6 3
M a y 5 104% J an . 1 9
3,624 58 M a y 5 121 J an . 3
52 8 5 % J u n e 2 110% J a n . 3
M a y 5 94% J an . 2 1
66,902 59
M ay 11 25% Feb. 7
290 14
72
F eb. 1 4
120
M ay 5 144 J an . 2 0
3,085 112
13
M
ay
22
6
0
%
Jan
. 3
81,741
M ay 5 114% J an . 16
148.396 5 8
||147
F
eb.
10
11,42b
9% M a y 13
M ay 13 118% Jam 2 0
4 jC 3 9
52%
J
an
.
21
26 M ay 5
7,b9«
833 6 7 M a y 5 96 J an . 2 0
11-8
M
ar.
2
4
3 ,96c
8 M ay 4
18 F eb . 7 21% F eb . 9
2
7
%
J
an.
3
2,191
17*9 M a y 4
4
1 0 1 ,00(
A p r. 1 2
1.391 1U70 M a y 10 2 06
3 2 % Mar. 21 34*9 Jan . 1 8
5,79t
1 6 -s M ay 23 3 7 % Jan . 1 8
22( 7 5
M ay 13 102 J an . 31
25.
33 M a y 11 60 Sg A p r. 1 8
J an . 2 0
44 4 2 ' 90% M a y 5 i n i
UEx div. and rights.
J Old
[Vou LVi,
lxiHi CliKUiNJLUUE,
916
NEWYORK STOCK EXCHYNtfE PRICES(Continued)—INMOTIVE STOOKS.
J u n e 2.
I n a c t iv e S t o c k s .
If In d ica tes u n listed .
R a ilr o a d S to c k s.
P re fe rre d .
P re fe r re d .............
G e o rg ia P a cific
H o u sto n & T e x a s C e n tra l----I llin o is Central le a se d lin e s ..
K a n a w h a & M ich ig a n .............
P re fe rre d .
P re fe r r e d ........
M a h on in g C oal.
P re fe rre d tr. l e c ’ t s ...............
M orris & E s s e x ..................
50
N . Y . L ack. & W estern ................100
N o rfo lk & S ou th ern ...................... 100
P e o ria & E a s tern ...........................100
P itts. F t. W ayne & C h ica g o ___ 100
P itts. & W estern p f ...................... 50
R e n sse la e r & S a ra tog a ................100
R o m e W at.& O g d en sh u rg b ____100
t
o n i « A )*fv "
*
T
qt
n
u to .
58
7
59
4
A p r.
M ay
170
173 J ail.
109% L07% M ay
25 1 2 9
M ay
‘ N o p rice F r id a y ; la test p r ic e th is w eek.
114
60
9%
156
J u n e 2.
B id .
R a nge (sa les) in 1 89 2 .
A sk.
Low est.
H ighest.
St. L o u is A lt o n & T. H . p r e f . . . l 0 0 140
l S d g Mar.
T o le d o P eoria & W e ste rn ........... 100
13
25
.14 M ay
T o le d o St. L . & K a n sa s C ity H ......... .......
8 M ay
6%
V ir g in ia M id lan d ........................... 100
M is c e lla n e o u s S to c k s .
A d am s E x p r e s s ...............................100 U 4 5
115 Ju n e
A m e rica n B a n k N o te Co ................
53
55
A m e r ic a n E x p r e s s ........................ 100 U 1 3 % 1 '43»
A m er. T e legra p h & C a b le.......... 100
81
84
80 M ay
B ru n sw ick C o m p a n y ....................100
6
7
M ay
7%
C hic. June. R y . & S to c k Y a r d s . 100 ........ ......... 8 0 M a y
P re fe r r e d .......................................100
9 3 % Jan.
C itizens’ G a s o f B r o o k ly n ......... 100
C o lo ra d o F uel & Iro n , p r e f........ 100
106
C olu m bus & H o c k in g C o a l........ 100
8
9
7 *2 M ay
C om m ercia l C a b le ......................... 100
L80 F e o .
*27
" 3 6 " 26 M a y
E d is o n E le c tr ic Illu m in a tin g ... 1Oo t1 00
106
LOO J u n e
43
M ay
16
17% l l i 8 M ay
P re fe r r e d ......................................100
55
60
57
M ay
25 Jan .
Maryland < o a l............................... 100
22
Mar.
J ich iga D -P en in su la r C ar C o .. .1 0 0
97
M ay
P re fe r re d ......................................ICO .........
89
M ay
60‘
6 4 M ar.
25
25
M ay
. C o.
.1 0 0
12 M a y
.1 0 0
7
To”
8 May
.1 0 0
16
is
1 4 Jan .
. 50
.1 0 0
75
82
F eb.
1 3 % M ay
2
2 M ar.
2%
P re fe r re d .
.1 0 0
12
M ar.
9 M ay
I
“54"
5 8 " 55 M ay
|l
80
86
69 M ay
|l
144
148
1
167
156 J an . 1 6 5 % Feb.
3 .........
3 .........
98
M ay
1 31
35
4 1 % Jan .
30% M ay
3 7 Jan.
5 30
33
30 M ay
8 6 % Jan.
1 79
83
76
M ay
40
65 Jan .
57
M ay
1 24% 25% 25% M ay
2 9 % Jan .
153
148
148 M a y 1 5 7 ^ Jan.
i
5%
9 % Jan .
9
6 M ay
i 10
30
22
Feb.
24
M ar
n
14% Jan.
7
M ay
1 ........
3 2 Jan.
i 15
18
15% M ay
23
Jan.
14
19% 1 5 % Mar.
.........
7 7 % Jan .
........
6
14% Jan .
}
7
7 Juae
12
12
M ay
2 9 % Jan .
3
4%
4 A p r.
7 % Mar.
.........
91
Feb.
9
14% Jan .
11
11 M a y
.........
....
..........
16
Mar. 2 8 A p r.
..
2 7 M ar.
4 7 % Feb.
93
100
Mar. 1 0 0 M ar.
90
99
M ay
105 M a y 105
.........
....
4
16 A p r.
10 M ay
* n%
35
32% M a y
28
30 M ay
50
4
148
; 34
165
108
28
1 0<>
(% Indicates actual sales.)
I n a c t iv e St o c k s .
if In d ica te s u n listed .
H igh est.
L ow est.
0 160
B url. C edar R a p id s & N o r ..
C en tra l P a cific...................... .
fit .
A sk.
B id .
R a n g e (sa les) in 1893.
Jan .
F eb .
Jan .
Feb.
179 F eb .
1 12 % J a n .
37% M a y
1 50 % Mai
14 M ay
17
Jan.
160
Jan.
1 2 0 % F eb.
9 2 % F eb .
9 % A p r.
108 J an .
9 3% J an .
109 J an .
1 1 1 ^ Jan.
2 9% J an .
185 M ar.
3 1 J an ,
131
F eb .
7 1 J an .
2 6 Jan .
74% F eb.
2 5 Jan .
29
A p r.
106% Jan.
1 0 0 78 J a n .
6 9 % J an .
41 J a n .
3 4 % Jan11 % J an .
19
A pr.
3 0 0 Mar.
83% F eb.
1C% M ay
3 % F eb .
20 F eb.
13% F eb .
70% Jan.
9 9 J an .
1 5 0 A p r.
t A c t u a l sales.
NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS JUNE 2 .
S E C U R IT IE S .
B id .
A sk.
106
107
A la b a m a —C laS3 A , 4 to 5 ........1906 101
Class B , 5 s ............................... 1906 104
93
C lass C, 4 s ................................. 1906
92%
C u rren cy run d in g 4 s ............. 1920
A rk a n sas—6s, fun d .H ol. 1 89 9 -1 90 0
3
8
190
d'). N 'm -H olford 160
3
8
7 s , Arkansas C entral R R ............
{Louisiana—'Ts, c o n s ...................1 91 4 108
S tam ped 4 s .........................................
93
M issou ri—F u n d ............... 1894-1^95 10 1
S E C U R IT IE S .
B id .
N ew Y o r k —6s, lo a n ...................1893
N orth C arolin a—6s, o l d ........... J& J
N ew b o n d s, J & J ......... 1 8 9 2 1 898
C hath am B E .....................................
S p ecia l t a x , C lass I ........................
C on s o lid a te d 4 s ...................... 1 910
6 s ..................................................1919
R hode Isla n d — 6s, c o u .. 1 8 9 3 -1 8 9 4
South C arolin a —fis .n o n -fu n d .lS 8 8
New York City Bank Statement for the week ending May
7, 1893, is as follows. We omit two ciphers (00) in all cases.
BANKS.
(00 b omitted.)
2,000,0
2.050.0
2,000,0
2,u00,0
3.000.
1.000.
1.000.
760.0
300.0
600.0
1.000.
300.0
400.0
20- ,0
600.0
300.0
1.200.0
5.000.
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600, i>
500.0
760.0
500.0
500.0
1,000.11,000,0
300.0
1.500.0
2,000,<
250.0
3,2i‘0,0
2,000,0
300, <
750.0
500.0
1.000,0
300.0
250.0
200.0
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
200,0
300.0
200.0
50C.0
200,0
2.100.0
300,0
1,000,0
Specie.
L egals. D eposits.
$
2.037.2 ll,O 8 °,0 1 ,8 1 0 ,0 1.920.0
1.796.2 1 2 .7 6 3 .0 1 .3 4 2 .0 3.714.0
8 9 9 .0
1,013,8
8 , 96,1
2,226,3
2.126.7
8,202,0
7 1 9 .0
824.0
0
2,202,5
1 4 ,7 6 4 ,5
1 .6 0 3 .6 3,252,8
40
7 0 .3
4 9 4 .0
3 .8 3 6 .0
274.0
0
2.635.7
1 3 .5 2 6 .1
6 .1 3 7 .7 3.593.0
205.9
264.0
2 .5 1 1 .3
2 6 2 .7
7,221,4 2 2 ,7 7 9 ,4 4 .1 8 2 .3 2.864.7
3 ,6 1 5 ,8
196.0
4 5 8 .5
622.7
1.589.3
0
5 .3 9 6 .7
7 7 1 .5
670.8
318.3
1 .6 9 5 .7
2 3 3 .5
2 6 3 .1
434.3
2 .5 2 0 .0
201.0
340.0
1.286.0
181/
171.3
1 4 4 .0
570.2
3 .0 9 3 .2
4 3 6 .8
6 6 2 .7
1 .6 3 9 .2
121,6
2 5 1 .7
228.3
530.2
3 ,3 8 1 ,5
5 0,1
512.7
2,27
0 2,0 1 7 .8 2 4 .0 1 .2 3 2 .0 2.032.0
3.664.3
0
1 8 .3 5 8 .0 1 .6 5 3 ,9
5,*33.)
0
5 .1 8 6 .8 1 .0 1 4 .6
1.614.1
473.9
1, 3 ,4
7 .5 9 0 .1
8 5 8 .8
846, >*
1 6 5 .2
463.7
2 .8 7 7 .9
8 5 3 .4
943.9
9 .5 9 3 .2 1 .6 0 4 .8
998.4
6
.1
1
9
.4
9*6,7
7 49,3
650.8
331.9
1 .9 1 5 .7
1 6 5 ,*
541,;638.3
5 .1 5 5 .3
5 9 8 .7
6 2 * ,2
1.895.1 1 2 ,8 5 6,5 3 .6 3 8 .3 1.567,2
318.8
2 .7 3 9 .0
3 6 7 .9
4 0 0 .4
471.2
2 ,7 ^ 4 ,b
3 6 1 .7
533.5
282.1
488.7
2 .8 2 3 .7
2 7 7 .3
824.5
4 .1 2 7 .8
4 8 4 .6
88^,7
1 4 5 .8
2 .3 0 3 .8
1 9 0 .1
615.9
277.9
2 .7 0 0 .0
3 6 4 .0
5 6 1 .0
1,2:<2,2
7 .7 2 8 .5 1 .0 4 9 .1
976.0
271.4
3 .7 1 4 .9
6- 5,9
407,3
422.9
2.0 3 0.1
1 7 9 .2
592,*
5,7eb,3 1 9 ,7 i l ,i
4 .3 3 3 .0 3.468.0
3.094.1 2 c , 3 8 2 ,7 5 .9 7 4 .0 2,84 *.6
1*4,9
1 .3 1 .0
9 7 ,v
243,2.022.8 1 7 , 0 6 ,9 3 .9 1 2 .7 1.240.7
606,1
7 .2 9 5 .0 1 .1 8 2 .0 1.315.0
531,'l
4 ,b 6 8 ,0
S 4 7 ,u
983,U
348.8
3 .0 6 8 .9
4 3 8 .8
560.2
7.230.1 2 0 ,3 1 0 ,
2 .0 1 5 .6 3.060.8
130.2
4 ,8 3 4,8 1 .0 2 8 .7
474, v
166.8
1 .4 7 0 .6
88,,
273.2
2.866.0
525, v
5 1 6 .0
348.0
559.6
3 .2 3 2 .6
7 4 5 .4
154.0
2 .6 6 0 .7
293.8
3 1 2 .0
303.8
1,198,7 11.022.1 3 .2 1 3 .8
804 9
957.3
5 .4 6 8 .3 1 ,0 1 3 ,6
628.2
624.0
2 .8 7 4 .1
1 4,4
574.1
563.6
2 .8 3 8 .4
3 2 1 .7
494.7
543.5
5 ,o h S ,5 1 .3 5 7 .9
3863
4 3 8 .6
5 .3 5 8 .9
7 0 5 .4
649.7
481.1
4 .2 0 5 .1
1 .0 3
,2 3 4 9 .2
3)8,5
l,9 u 6 ,3 1 6 .9
231.0
7 6 4 .5
4 .7 9 1 .8
8 4 5 .4
780.1
278.5
2 .3 3 6 .0
4 3 7 .0
2 4 8 .0
234.2
3 .8 0 9 .0
5 9 9 .0
4*9,0
3 5 0 .0
1 .7 2 9 .0
2 4 6 .0
129.0
280.2
9 ,2 6 1 ,3
2 ,0 7 7 ,4
881.2
842.4
4 .7 5 3 .0
1 ,0 1 8 ,0
16 ,0
1 8 2 .0
2 .6 4 3 .5
2 3 5 .5
3<3,1
10.830.0
1 4 .9 3 1 .0
9.216.2
6.134.0
15;557,1
3.128.0
20,025,5
2.401.4
22.380.1
3.859.8
4.715.9
1.814.2
2.565.0
1.243.7
2.861.7
1.900.8
2.550.8
14.241.0
16.149.7
4.556.4
7.293.0
3.447.7
10, -117.9
6.085.9
2.969.9
4.791.0
14.613.7
2.676.0
3 .2 2 9 .4
3.085.2
4.587.5
2 .5 0 8 .7
3.310.0
7.541.0
4.149.0
2,2< 0,0
21.590.0
2 5 .3 5 1 .0
1.030.4
17,201,5
8.338.0
6.121.0
3 .3 7 7 .2
17.987.2
6.177.8
1.381.0
3.241.0
3 .6 7 8 .3
2.396.5
12.981.8
6.276.4
3.281.6
3.445.7
6.024.1
5 .9 4 9 .4
5.176.6
2.076.4
5,7*7,7
2.527.0
4.225.0
1.516.0
9.783.6
4.783.0
2,244,3
T otal........ ...........160.422,7)71,367,5 4 1 5 ,9 0 1 ,6 7 0 ,6 5 7 ,1 6 3 ,9 6 4 ,0 4 3 6 ,7 2 4 ,7
B id .
99
62
72
A sk.
107
104
72%
N. Y o r k .
A p l. 2 9 ...
M ay 6 . . .
“
1 3 ...
"
2 0 ...
“
2 7 -.-.
C a p ita l 6c
S u rp lu s .
$
1 3 0 .6 0 6 .0
1 3 0 .6 0 6 .0
1 3 0 .6 0 6 .0
1 3 1 ,7 9 0 ,2
1 3 1 ,7 r 0 ,2
B o sto n . *
M a y 1 3 ....
S p ecie. | L egals.
64.642.9 152,210,4
“
2 0 ....
“
2 7 ....
64.642.9 149,956,9
M a y 1 3 ....
35.793.7 103,158,0
35.793.7 102,875,0
35,793,7)102,795,0
P b ila .*
20---2 7 -----
D ep o sits , t C ir c T n C learing*.
$
425,990,8 70,702,4] 49,509,9 4 3 2 .2 2 4 .6 5.626.7 5 8 9 ,8 3 5 ,7
4 2 5 .7 2 8 .2 70,168,7 5 1 ,1 5 9 ,4 4 3 3 .9 7 1 .7 5.698.0 8 9 7 .1 8 8 .1
4 2 0 ,8 2 7 ,7 7 0 ,8 0 2 ,9 5 5 ,7 0 8 ,6 4 -A ,8 6 5 ,9 5,633,5 7 5 0 .4 1 0 .4
4 1 6 .9 6 1 .3 7 1 .2 3 1 .1 6 2 ,8 6 1 ,9 438.683.8 5 .6 8 9 .1 6 5 9 .7 4 8 .6
4 1 5 ,9 0 1 ,6 7 0 .6 5 7 .1 53,964,0 436,724,7 5.620.7 5 5 3 .4 0 7 .1
6 4 .6 4 2 .9 1 5 0 ,6 5 3 ,1
6 ,3 6 9 ,7
6 ,5 3 9 ,2
6 ,5 6 1 ,6
7,664,3 131,382,8 6.103,9
7,194,1 130,685,1 6.120.8
6,744,5 127,021,6 6.069.0
28.572.0
28.332.0
28.484.0
* W e o m it w o o cip h ers i n all th ese fig u res.
d e lp h ia , t h e i t e m “ d u e t o o t h e r b a n k s .”
103.691.0 3.579.0
102.414.0 3.581.0
101.955.0 3.594.0
9 9 ,2 6 0 ,2
9 7 .8 5 9 .7
8 6 .9 8 6 .7
7 5 .3 7 9 .7
7 6 ,4 7 1 ,5
6 9 ,2 3 1 ,4
t I n c lu d in g , f o r B o s to n a n d P h ils
Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
M is c e lla n e o u s B o n d s .
C h , J u u .& S . Y d s . — C o l . t . g ,5 s
C o l o r a d o F u e l — G e n . 6 s .............
C o l. & H o c k . C o a l & I . — 6 s , g.
C o n s o l ’ n C o a l— C o n v e r t . 6 s . . .
C o n s .G a s C o .C h ic .— 1 s t g u . 5 s * 8 7
D o n v . C . W a t . W k s . — G e n .g .5 s
a.
E s t R i v e r G a s \sr. g . 5 s ..........
88 V ) .
E d is o n E l e c . 111. C o . —1 s t 5 s . n u
b.
E q u i t a b l e G . * F .— 1 s t 6 s ___ * i i 9 a .
H e n d e r s o n B r id g e —1 st g . 6 s.
H o b o k e n L a n d & I m p .—g. 5s
M ic h . - P e n i n . C a r 1 s t o s , g ___ __ _
M u t u a l U n io n T e l e g . — 6 s. g . . 11 n % a.
N a t io n a l S t a r c h M f g . — 1 st 6 s .
99 a
N o r t h w e s t e r n T e l e g r a p h —7 s .
P e o r i a W a t e r C o .— 6 s, g ........ 1 0 0 b .
M is c e lla n e o u s B o n d s .
P e o p le ’ s G a s * C . 1 1 s t g . 6 s .
C o ., C h i c a g o — ) 2 d g . 6 s .
9 9 % b.
P le a s . V a l l e y C o a l - 1 s t g . 6 s.
P5%t>.
P r c t e r & G a m b le — 1 s t g . 6 s 1 0 / b.
S u n d a y C r e k C o a l 1 s t g 6 s..
W e s t e r n U n io n T e l e g . —7 t_. 1 ) 9 a.
W h e e l . L E * P . C o a l - l a t g 5s
72 b.
U n lt m e d B o n d s .
A l a . & V i c k s . — C o n s o l. 5 s , g .
V i c k s . & M e r i d . I s t 6 s ........
A i l a m a & C h a r i.— 1 s t 7 s ___ 1 1 6 b .
C o m s t o c k 'I 'u n n e l — I n c . 4 s . .
12 ?.
G e o r g i a P a c i f i c — 1 s t 6 s g ___
C o n s o l. 5 s , g ...............................
M e m .* C h a r l e s t o n — C o n . 7 g
N o t e .— 1“ b " i n d i c a t e s p r i c e b i d ; **a■” p r i c e asked.
43
a.
1iri
iCO
Bank of N ew Y ork .
M a n h a t t a n C o ............
M e r c h a n t s ’ ............
M e c h a n i c s ’ ...................
A m e r i c a ......................
P h e n i x .........................
C i t y ...............................
T r a d e s m e n ’ s ............
C h e m i c a l ..................
M e rch a n ts’ E x c h ’ g e
G a lla t in N a t i o n a l . . .
B u t c h e r s ’ * JDrov’ r s ’
M e c h a n ic s ’ & T r a d ’ s
G r e e n wi< h
...........
L e a th e r M a n u fa c’r s
S e v e n t h N a t i o n a l . ..
S ta te o f N ew Y o r k .
A m e r ic a n E x c h ’ g e . .
C o m m e r c e . ....................
B r o a d w a y ...................
• M e r c a n t ile ..................
P a c i f i c ...........................
R e p u b l i c ......................
C h a t h a u i ......................
P e o p le ’ s ........................
N o r t h A m e r i c a .........
H a n o v e r ........................
I r v i n g ........ ............
C i t i z e n s ’ ..................
N a s s a u ................... .
M a r k e t * F u lt o n ...
S t . N i c h o l a s ........ .
S h oe & L e a th e r—
C o m E x c h a n g e .........
C o n t i n e n t a l ...........
O r i e n t a l ...................
Im p o rte rs’ * T ra d ’s
P a r k .................................
E a s t R i v e r ..................
F o u r t h N a t io n a l ___
O e n t r a l N a t io n a l___
S e c o n d N a t io n a l ___
N in t h N a t io n a l..
F ir s t N a t io n a -....
T h i r d N a t io n a l ..........
N .Y .N a t . E x c h a n g e
B o w e r y ...........................
N e w Y o r k C o u n t y ..
G e r m a n -A m e r ic a n ..
C h a s e N a t io n a l .........
F i f t h A v e n u e .............
G o rm a n E x c h a n g e ..
G e r m a n i a ....................
U n it e d S t a t e s ..........
L i n c o l n ...........................
G a r f i e l d ..........................
F i f t h N a t i o n a l ___
B a n k o f th e M e tro p
W e s t S i d e .....................
S eab oard
........
S i x t h N a t io n a l ..........
W e s te r n N a t io n a l..
F i r s t N a t .. B r ’ k l y n .
S o u t h e r n N a t io n a l..
L oa n s.
S E C U R IT IE S .
S.C. (co n t.)—B r o w n co n so l.6 s .1 8 9 3
T en n essee 6s, o l d ..........1 89 2 -1 89 8
C om p ro m ise , 3 -4 -5 -6 s............ 1912
N ew se ttle m e n t, 6 s ................1 913
5 s ................................................... 1913
3 s ................................................... 1913
V ir g in ia —6s, o l d ................................
6s, c o n so lid a te d b o n d s ...................
68, co n so lid a te d , 2d s eries, re c ts .
6s, d e fe rre d t’ st r e c ’ts, s ta m p e d .
New York City, Boston and Philadelphia Banks:
BANKS.
Capital Surplu s
101
30
10
15
2
5
2%
5
98% 102
121
127
100
2
3
* L a te s t p r ic e th is w e e k
Bank Stock List.—Latest prices of bank stocks this week
BAN KS.
A m e r i c a ........
A m . E x c h ...
B o w e r y ..........
B r o a d w a y ...
B u tch s ’& D r.
C e n t r a l ..........
C h a s e ..............
B id .
205
300
255
135
450
C h e m i c a l ___ 4 0 0 0
400
C it iz e n s ’ .........
275**
C o m m e r c e ...
C o n tin e n ta l. 130
C orn E x c h .. 260
E a st R iv e r .. 140
1 l t h W a r d . ..
A sk .
BAN KS.
2 )5
14 8
325
262%
190
142
390*
4700
G a ll a t i n ..........
G a r fi e ld ...........
G erm a n A m .
G erm a n E x ..
G e r m a n i a . . ..
G r e e n w i c h ..
H a n o v e r ........
H u n . R iv e r ..
Im . & T ra d ’ s ’
B id .
300
120
3 '0
330
150
330
150
16 2
15 0
L e a th e r M fs ’ 228
193
137
275
M a n h a t t a n .. 175
M a r k e t * Ful
M e h a c n ic s ’ ..
160
M e r c a n t i l e ..
2000
F i f t h .................
F i r s t ..............
F ir s t N ., S. I .
1 4 th S t r e e t ..
P f"” * ' ’ . . . .
250
2500
110
175
2<?3
A sk .
310
M e tr o p o lis .. 450
M t. M o r r is ..
M u r r a y H i l l 3C0
..
N a s s a u ............
Y o r k ... 230
340
625
175
235
240
185
230"
155
13 7
16 5
238
BAN KS.
N. Y . C o ’n ty
N .Y .\ a t .E *
N i n t h ............
1 9 th W a r d ..
V. A m e r ic a .
O r i e n t a l ___
P a c i f i c ..........
P a r k . . . , ........
P e o p le ’ s ___
B id .
630
125
1 18
190
16 0
Ask
124
.7 5
260
175
305
118
T o d u c e E x . 132
140
t8 0
S e a b o a r d . . . 17 6
S e c o n d ......... 3 0 0
S ev en th ...
130
St. N ic h o avS.
S o u th e r n ...
S t a i e o f N .Y .
T h ir d .
T ra d esm ’n ’ s
U n ’ d S ta tes
W e s t e r n ___
W ee*
130*
110
112
110
155
138
115
114
112
225
112
225
B O S T O N , P a iL A O E L P H I A . A N D
5 T
A c t iv e S t o c k s .
f In d ica te s u n listed .
S a tu rd a y ,
M a y 2 7.
M onday,
M a y 29.
)
3
3
D
J
.
;
5 8 % 5 8%
45
45% *44*3
643a
6 8 % 7 1%
80
......................
18
19
19
5 1 % 51%
51%
*56
.......... *..........
9
*9
14
14
14
n o sale w a s m ade.
In a c t iv e S t o c k s .
P rices o f J u n e 2.
A tla n ta & C h a rlo tte (B a lt.). 100
G js t o n & P ro v id e n ce (Boston) .1 0 0
C am den & A t a n t ic p f. (P h ila ,). 50
O a ta w issa .....................
“
50
1st p r e fe r r e d ..........
“
50
2d p r e f e r r e d . . . . . . .
“
50
C e n tra l O h io ...............
(B a ll.). 50
fciharl. CoL & A u g u sta
“
100
C o n n e cticu t & P a s s . (B oston ). 100
C o n n e cticu t R i v e r . ..
“
100
D ela w a re <feBound B t . (P hila .) .1 0 0
F lin t & P e re M a r q ... (B oston ). 100
P r e fe ir e d ...................
“
100
H a r.P o r ts .M t.J o y & L . (P h ila .). 50
S a n . C’ y F t .S .& M e m . (B oston ). 100
P r e fe r r e d ...................
“
100
K . C ity M em . & B ir m .
"
1 00
L ittle S ch u y lk ill........ (P h ila ,). 50
S la n e h e ster & L a w .. (B oston).IC O
M a ry la n d C en tra l___
(B alt.) 50
Stine H ill & 8. H a v e n (P h ila ,). 50
N e sq u e h o n in g V a l___
“
50
S tortn ern N . H ...............(B oston ). 100
N o rth P e n n sy lv a n ia . (P h ila .). 50
O re g o n S h ort L i n e . . . (B o s to n ). 100
P e n n sy lv a n ia & N .W . (P hila.) 50
R u tla n d ......................... (B oston ). 100
P re fe r re d ...................
100
■Seaboard & R o a n o k e . (B alt.) 100
1 st p r e fe r r e d ............,
“
100
W est E n d ...................... , (B oston ). 50
P re fe r re d .......................
“
50
W est J e r s e y ................... (P h ila .). 50
W est J e rsey & A tla n .
“
50
W estern M a r y la n d ..
(B a lt.). 50
W ilm . C ol. & A u g u sta
“
100
W llm ingt’ n<fe W eld on
“
100
W isconsin C e n t r a l... (B oston) . 100
P re fe r re d .......................
“
100
W oro’ st.N a sh .& R oeh .
11
100
W ed n esd a y,
M a y 31.
2 5 % 26
*3
.........
75
75%
3
o
£
o
t>
*4
..........i 2 i* 4
23
23
211
211
*188
.........
165
165
*16
.........
*50
52
85
86
6 7 % 68%
*29
30
* 4 * 4 .........
*14
85
85
*35
..........
51 La 5 \
46 % 47
*120
.........
1 0 7 108*9
8%
8%
23*3 25*4
65
67
*.......... 69
14*4 14*4
3 5 % 3 8%
*185
186
5 0 % 50%
STOCK
86
88%
86
86
191
191
*21% 22
*6*3
7
290
290
57
57
66^8 74%
89
89
*17*2 18*9
51
51*3
*56
58
*9*8
9*3
14
14
1
T h u rsd a y ,
J u n e 1.
24%
*3
24
3
*70
*130
..........121*4 *118
21
22*4 23
211
211
211
188
188
*188
1 6 4 165
16*1
*16
.........
15*3
8 5% 86%
6 7 % 6 8%
2 9 % 30
* 4 * .i..........
14
14
85
85
* 3 4 % .........
7%
6*3
8*3
12
4
•50
7%
S*4
4%
n
9*3
4*s
"6 %
75
7
80
200
26*3 2 7
172
175
112
115
140
141
57%
§ A n d a ccr u e d in terest.
59
I n a c tiv e s t o c k s .
s^ ^ y ai ^ ? i i i t j &j
A tla n tic C ity 1st 5s, g ., 1919, M&N
B elv id ere D el., 1 st, 6 s .. 1 90 2 , J& D
C ataw issa, M ., 7 s ..........1 90 0 , F & A
C learfield & J eff., 1st, 6 s. 1927, J& J
C on n ectin g , 6 s ..........19 0 0 -0 4 , M&S
D e l. & B ’ d B r’k , 1 st, 7 s . 1905, F & A
E aston & A m . lst.M .,5s. 1 92 0 , M&N
E lm ir. & W ilm .,ls t , 6 s .1 910, J & J .
H u n t. & B r’d T o p ,C o n .5 s .’9 5 ,A & 0
L eh ig h N a v. 4*3S............ 1914, Q—J
2 d 6 s, g o ld ..................... 1897, J& D
G en era l m ort. 4*ss, g .l 9 2 4 ,Q —F
L eh ig h V a lle y , 1st 6 s . ..1 8 9 8 , J & D
2 d 7 s ................................ 1 91 0 , M&S
C on sol. 6 .........................1923, J& D
N orth P enn . 1 st, 7 s . . . .1 8 9 6 , M &N
G en . M. 7 s .......................1 9 0 3 , J&J
P en n sy lv a n ia g e n . 6 s, r ..l9 1 0 , V ar
C on sol. 6 s, c
.............1 9 0 5 , VaT
C on sol. 5s, r .............. .. .1 9 1 9 , V ar
C oliat. T r. 4*3 g ........... 1 91 3 , J& D
P a . & N . Y . C a n a l,7 s ... 1 9 0 6 ,J& D
t L a st p rice this w e e k .
8
26
3
75
.22
22*4
211
168
16
85%
67*4
5
85
47*4
125
103
8*3
22
64
69
13%
34%
185*4
5 0 38
26
89,0
1 00
28
223*9
4%
87
89%
8 5 % 86%
87
88
86
86
193
194
193
193
20
21%
20*3 21*4
*6%
7
6%
6%
285
290
*235
290
* ........ 7 0
*55
*57
88
56
56%
44*3 44*3 *44
45
70
75*9
68
70%
8 9 % 90
*89
100
' ......... 18% *........ . 18
51*4 51*4
51*4 51%
*56
58
58
58
* 8 % ..........
9
9
1 3 % 13%
1 3 % 13%
B id .
A sk .
R a n g e o f sales In 1 8 9 3 . '
L o w e s t.
H ig h e st.
31,5 51 23*s M a y 15 36% Jan . 1 6
4 0 0 2 l5 1 6 M ay 5
4% J an . 14
29, 7 5
M a y 31 9 7 % Jan . 2T
..........135
F eb . 13 135
F eb . 13
......... 122 J a n . 1H 122 J an . 18
1 ,0 4 0 21
J u n e 2 29*4 Jan . 2 4
3 0 208
J an . 3 227
F eb.
6
7 170 M ay 10 200
F eb. 6
36 160 A p r. 29 178 J an . 2 6
100 15*3 M ay 15 22*4 F eb. 14
4 6 J a n . 3 6 2 % Feb. 14
5 ,9 4 3 8 l 7e M ay 13 1 03 % Jan . 21
9 ,4 0 0 663* M a y 15 8338 Jan . 23
20 28 M a y 29 49*3 F eb . 3
F eb. 3
4*4 A p r. 7
6
7 0 13 M a y 11 19*3 F eb. 3
91 80 M a y 5 95
F eb. 6
33*3 F e b . 21 40%j J an . 12
111 4 9
F e b . 21 56 Jan . 9
1 ,0 0 2 44*4 F eb . 20 62 J an . 27
l a 120 M a y
130 F eb . 6
5 ,* 5 7 98 Ju n e
150% J an . 28
1 ,4 0 0
7*4 M a y 15 13 J a n . 16
12,6 58 20% J u n e 1 52 J a n . 17
J a n . 13
4 93 6 2 J u n o 1 102
6 m M ar. 2 1 70*4 J an . 23
1 ,8 0 9 123a M a y 15 18*3 F e b . 6
1 3,0 00 32*9 M a y 16 50*4 F eb . 6
13 184
M ay 16 221 F eb . 6
7 ,6 2 4 5 0 J u n e 2 55*3 J a n . 2 7
24
M a y 12 35 J an . 1@
7 78 M a y 31 2 6 7g J an .
830 97
J u n e 2 142 *a F e b . 8
6 J an . 27
9*3 A p r. 12
212 23
Ju n e 2 42*3 J a n . 27
59 223 J u n e 2 232*8 M ar. 13
716
4 M a y 31,
7 % J an . 2 4
16,0 87 6 9 M a y
382 7 0 M a y
178 1 80 M a y
1 ,850 19% M ay
200
6*4 M a y
4 285 M ay
65 M ay
390 56 June
104 4330 Ax»r.
2 5,4 52 6 0 M a y
49 8 0 M ay
2 15*4 J an .
293 5 0 M a y
15 5 5 M ar.
8 M ay
40*
825 1230 M a y
134*8 F e b .
5 104*3 J a n .
212 J a n .
34*8 J an .
12 J a n .
320
J an .
72*3 J a n .
65 A p r .
50*3 J an .
114*4 J a n .
Jan.
119
26*2 F e b .
543a F e b .
61*3 J an .
11% J a n .
18 J a n .
B on d s.
6
19
27
16
17
21
18
10
16
16
18
20
2
20
23
4
B id . A s k ,
Pa. & N. Y . Ca., c o n . 56.1939, A&O
1 10 *«
P e rk io m e n , 1 st ser., 5 s .1 91 8 , Q —J
P h ila .& E r ie g e n . M. 5 g.,1 9 2 0 , A&O 113
G en . m o rt., 4 g ........... 1920, A & O 100
P hila & R ead , n e w 4 g ., 1 95 8 , J&J
67^8 6 7 %
3O70 31
1 st p re f. in co m e . 5 g , 1 95 8 , F e b 1
2d p r e f. in co m e , 5 g, 1 9 5 8 , F eb. 1
21*4 21*3
3 d p r e f. in co m e , 5 g , 1 9 5 8 ,F e b . 1
1 6*3 1 7
2 d , 7 s ..............................1 8 9 3 , A&O 102*3
128
118
Im p ro v e m e n tM f.6 g ., 1 89 7 , A & O 1 0 2
103
C o n .M .,5 g .,s ta m p e d ,1 9 2 2 ,M&N
98%
P hil. R e a d . & N . E. 4 s ............. 1942
P hil. W ilm . & B alt., 4 3 .1 9 1 7 , A&O
P itts. C. & St. L ., 7 s . . . . 1 9 0 0 , F&A
P o ’k eep sie B rid g e , 6 g .1 9 3 6 , F & A
S c h u y l.R .E .S id e ,ls t5 g .1 9 3 5 , J& D
S te u b e n .& In d .,ls tm .,5 s. 1 914, J& J
U nited N . J ., 6 g ............. 1 89 4 , A&O
W arren & E 'ra n k .,lst,7s,1 3 96 ,F & A
B o n d s .—B a lt im o r e ._
A tla n ta & C h a ri., l s t 7 s , 1 907, J&J
In co m e 6 s .....................1 90 0 , A&O
B a ltim o re B e lt, 1st, o s . 1 9 9 9 , M&N
B altim ore & O hio 4 g ., 1 93 5 , A&O
P itts . & C onn., 5 g . . . l 9 2 5 , F& A
Staten Isla n d , 2 d , 5 g .1 9 2 6 , J&J
B a l.& O h io S .W .,lst,4 * 3 g . 1 990, J&J
C a p e F .& Y a d .,S e r.A .,6 g .l9 L 6 , J& D
Series B ., 6 g ..................1916, J& D
S eries C., 6 g ................. 1 9 1 6 , J& D
C ent. O h io, 4*3 g .............. 1930, M&S
C hari. C ol.& A u g. 1st 7 3 .1 8 9 5 , J& J
G a .C a r. & N or. 1st 5 g . . l 9 2 9 , J& J
N orth . C ent. 6 s ..................1900, J&J
6 8 . . . ........ . . . . . . . . . . . . . . 1 9 0 4 , J& J
S eries A , 5 s .................... 1926, J&J
108*4
4*38.................................. 1925, A&O
102
P ie d m .& C u m .,ls t , 5 g . 1 9 1 1 , F & A
112*fi
P itts. & C onnells. 1st 7 s . 1 89 8 , J&J
115*3 V irgin ia M id ., 1st 6 s . . . 1 90 6 , M&S
2 d S eries, 6 s ................... 1 911 M&S
3d S eries, 6 s ................. 1 91 6 , M&S
4 th S eries, 3 -4-5 s........ 1 9 2 1 , M&S
125
5 th S eries, 5 s ................192 6 , M&S
107
W e st Va. L A P . 1st, 6 g . 1911, J&J
118
W e ft’ L N .C . ConsoL 6 g .1 9 1 4 , J& J
104*s
W ilrn. C ol. & A u g ., 6 s .. 1 91 0 , J& D
108
M ISCELLANEOUS.
110*3
B altim ore—C ity H a ll 6s .1 9 0 0 , <
103
F u n d in g 6 s ..................... 1 900, <
107
W est M aryl’ d R R . 6 s .. 1902,
132*3
W a te r 5 s ....................... 1916, M&N
127
F u n d in g 5 s ....................1916, M&N
107*2
E x ch a n g e 3*>$8..............1 93 0 , J& J
126*4
V irgin ia (State) 3 s ,n e w . 1 93 2 , J&J
127
129
C hesapeake G a s, 6 s ........ 1 9 0 0 , J& D
120
C onsol. G a s, 6 s ----- . . . . . . 1 9 1 0 , J& D
113
5 s ....................................... 1 9 3 9 , J&J
106
108
E q n ita b le G as. 6 s ........ 1 91 3 , A & 6
128
1 90..
•40
7
Bales
F rid a y ,
J u n e 2.
26*8
3%
W ater P o w e r ................(B oston). 100
l 7ie
restin g . E l e c t r i c ........
**
50
26
27
90
j
B on d s—B oston , _
t.T o p .& S .F .1 0 0 -y r.4 g .,1 9 8 9 , J & J
250
79*3
”22“
2d 2*5-4 s , g., Class A . .1 9 8 9 , A&O
20
43
B u rl. & M o. R iv e r E x e m p t 6s, J &
110
53
N o n -e x e m p t 6a............. 1 91 8 , J & J 103
51*4
P la in 4 s ............................1910, J&J
54
C hic. B u rl. & N or. 1st 5 ,1 9 26 , A & O 101
2 d m ort. 6 s ................... 1918, J& D > 99% 101
D eb en tu re 6 s................1896, J& D
i2 3
100
C hic. B u rl.& Q u in cy 4 s .. 1 92 2 , F& A
91
I o w a D iv is io n 4 s ........1 91 9 , A & O
C h ic.& W .M ich . gen . 5s, 1 92 1 , J& D
94
C onsoL o f V e rm o n t, 5 8 .1 9 1 3 , J& J
60
61
95
C
urren
t
R
iv
e
r
,
1st,
5
s
..1
92
7
,
A&O
82
83*3
D et. L a n s .& N o r’n M. 7 s .1 90 7 , J& J tiOO
E a stern 1 st m ort 6 g . ..! 9 0 6 , M&S
120
E ree.E lk . & M . V.,1 st, 68.1933, A & O
66
U n sta m p ed 1st, 6 s ----- 1 93 3 , A&O | t........ 120
K .C. C.& S p rin g .,1st,5 g .,1925, A & O
80
..........
IZIIII K C . F . 8 . & M . c o n .6 s , 1928, M&N s
100
K .C. M em . & B ir .,1 st,5s,1 92 7 , M&S M........ 45
67*3
h 7........
K.
C. St. J o . & C. B ., 7 s ..1 9 0
, J&J
51
L. R o c k & F t. S ., 1st, 7 s . . 1905, J&J
L ou is.,E v .& S t.L .,1st,6 g .l9 2 6 ,A & O
80
14
2 m ., 5—6 g ................... 1 93 6 , A&O
13
5o
Mar. H . & O u t., 6 s ........1 925, A&O ? i ........ 106
E x te n . 6 s .......................1 92 3 , J& D
M e x ica n C en tra l, 4 g . . . 1 9 1 1 , J&J V'5'5% 56*
1 st co n e o l.in co m e s, 3 g, non-eum . i 12
2 d c o n so l, in co m e s , 3 s, non -cum . 5t 8%
N. Y . & N .E n g ,, 1st, 7 s, 1 905, J&J §116
56% 57
117
1 st m ort. 6 s .................. 1905, J&J
80
110
59
2d m o rt. 6 s ................... 1 90 2 , F & A
55
.99
O gd en . & L .C .,C o n .6 s ...1 9 2 0 ,A&O i t i o s
18
16
I n c . 6 s ......................................... 1 920 j t ........
R u tla n d , 1 st, 6 s ............. 1902, M&N
110
........
2 d , 5 s .............................. 1 898 ,F& A }\ 98
9%
9
Auegw
S X C U A N ttG S .
P r ic e s .
84
6 6 7s
*28%
*4
*14
*34
*35
*50
46%
47
4 7%
*120 125
125
98
1 0 4 % 105%
8
8%
8%
21
20% 24%
62
65
63
* ......... 69
*68
1 3 % 14
13*9
3 3 % 35%
33%
185*4
*185 1 87
5 b % 50%
50
*24
8%
8%
8%
7% 8% 6
109
109
104^3 108
97
•6 ..........
*2 8% 28%
28
2 8 % 29
*223*3 ......... 223*9 223*9 223
*4
4
4
4*4
4*4
45
67
80
18
51%
53
9
14
B id . I A s k . ;j
M ISCE LLAN EO U S.
A U o n e z M in in g ......... (B oston ). 25
A tla n t ic M in in g -------“
25
C ity P a ssen g er R R . . . (B a lt.). 25
B a y S tate G a s..........(B oston ). 50
B o s to n L a n d ...................
“
10
C en ten n ia l M in in g ...
“
10
F o r t W a y n e E le c tr ic ^
"
25
"franklin M in in g ........
“
25
Frenchm an’s B a y L ’ n d
“
5
H u r o n M in in g .................
“
25
I llin o is S t e e l .................
“
100
K ea ra a rg e M in in g ___
“
25
M orris C anal gu ar. 4 . (P h ila .). 100
P re fe rred guar. 1 0 “
100
O sce o la M in in g ........... (B oston ). 25
P ullm an P a la ce C a r ..
“
100
Q u in cy M in in g ............
“
25
T a m a ra ck M in in g ___
*•
25
T hom .E urop .E .W eld IT
“
100
U n ited G as 1 m p t.
(P h il. ) . . . .
T u esday,
M a y 30.
26
2 5 % 261s
A :o h . T , & 8. F e (B o s to n ).100
A tla n tic & P a o.
“
100
79
B a ltim o re & O h io f B alt. J .100 *76
1st p re fe rr e d
“
100
2d p r e fe rr e d
“
100
B a ltim o re T ra e’n.(7VuL>- 25
211
211*3
Boston<fe A lb a n y \B oston ). 100 2 1 1 % 212
190
190
100
B o sto n & L o w e ll
100 * l f 5 % 1661, 163 163
B o sto n & M aine
*16
100
C e n tra l o f M ass.
100
P re fe rred
8 5 % 85%
8 4 % 84%
O iio .B n r .A Q u in .
68% 69
28
28
* 2 8 * 3 ____
*4
5
C lev e. & C an ton
14.
14
P re fe r re d —
84% 84% * .......... 85
F it c h b u r g p re f.
*35
..........
H u n t. & B r. T o p . f
P re fe rred
4
6
78
47
L e h ig h V a lle y
1 1 2 5
1 09 % 112
1 13
113
8
8%
* ..........
8%
2 5 78 27
2 7 % 27%
N .Y . & N .E n g .
70
70
*7 0
72*3
P re fe r re d ___
“
* —.
69
•Northern C en tra l (B a lt.).
14
14
141% i i %
N o rth e rn P a c ific ( P h ila , ) .
3 5 % 36%
3
6%
3 6%
P re fe r re d
“
187
188
188% 1 87
5 0 7e 51%
5 1 % 5 1%
P h ila d e l. & E rie.
8 % 10%
1 0 i i 18 11%
P hila. & R e a d in g
P h ila d e lp h ia Trao.
*6
.
2 9 % 2 9 % *29*4 29*s
U n io n P a cific
*......... 225
223*3 2 2 3 ^
*4*4
45a
4*3
4*3
n iis c e lla n e p U H S t o c k s .
8 5 % 8 7%
A m .S a g ’ rRelin.1! ( B o s t o n ) ....
87
87%
P re fe r re d ..........
“
___
8 5 % 86
88*s 89*3
1 9 1 191
190
S e l l T e le p h o n e ..
**
10< i 189
22
22
Boat. & M o n ta n a
“
21
21% 21%
6%
6%
B a t te& B o s t o n ..
“
21
*6%
7
290 290
U a la m e t & H e c la
“
2i *290 295
C on solid a ted G as
“
E rie T e le p h o n e (B o sto n ).
G en era l E le c tr ic .. “
P re fe r re d ............
“
L a m s o n S tore Ser. “
L e h i’ h C o a l& N a v . 'P h il.j
B A L P H IO K E
S tia re P r i c e , — n o t P e r C e n t u m
25%
U n listed .
9L7
THE CHRONICLE
June :j, 1893.J
115
116
107
1 08%
102
106
108
116
117
‘ 98*3
99 "
104*4 105*3
93
91
102
103
97
93
113
105
110%
110
m
io e
1 07 %
67
i i s '4
100**
69
111% 112*3
THE CHRONICLE
[Vol. LYI
918
NEW YORK STOCK EXCHANGE PRICES(Continued.)—AC27F.E BONDS JUNE 2, AND FOR YEAR 1S93.
IU. ii .r o
ad a n d
, Olos'ng R a nge (sa les) in 1 893
M is o e l . b o n d s . In ter’ stl P ric e I— --------------- ------------------P eriod .[J u n e 2
Low est.
Highest.
'
R a.il r o a d
an d
!
IOlos’ n g R a n g e (sa les) in 1 8 9 3 .
M is c e l . B o n d s . \Inter'st\ P rice
iPeriod.'June 21 Lowest.
H ighest
P a c o f M o.— 2d exfcen.5B.1938 J & J *108 a. Iu 6 % Jau. 108% Jan .
A m er. C otton O il, d eb ., 8 g .1 9 0 0 Q—F
108 M a y 114 i* Jan.
A t.T o o .& S .I'.—1 0 0 -y r .,4 g .l9 8 9 J & J
M obile Ac Olilo—N ew , 6 g . . 1927 J <fc D 1 1 0 % b . , l l i
M ay 1 15% A p r
83% Feb.
80 M ay
G en era l m o rtga ge , 4 s . . . 1938 M & 8 * 5 5 b. 55 M ay
2d 2*s-4s, g., Cl. “ A ” . ...1 9 8 9 A & O
5 7 % Jan.
63 Jan .
4 5 % M ay
N asli. Ch. & S t.L .— 1st, 7 s . 1913
J & J 127 a. 125 Jan . 130 Jan .
57 J an.
100 -y ear l n o o n )e ,5 s :-....1 9 8 9
50
May
66% b. 66 M ay
C on., 5 g . ......................... 1928 A & O | l03% b. 1 01 % M ay 105 F eb ,
71% Jan.
A tl. A P a c.—G u ar, 4 g . . . . l 9 3 7
N .Y . C en t.—D e b t E x t .,4 s . 1 90 5 M & N 100 b. 9 9% M ay 103 Mar.
11% Jan .
7
W .D . in c., 6 s ....................... 1 910
5 Ma y
O 1.15% a. 114 M a y 120% Mar.
1st, c o u p o n ,7 s . ................. 1903 J & J 122% b. 121% Jan . 124 F eb.
B r o o k l’ n E le v a t’ d 1st, 6, g . 1 92 4
D e b e n .,5 s , co u p ., 1 8 8 4 .. 1904
M & 8 1 0 6 % b . 106 M ar. 108% Jan.
C an. S onth.—1st gu ar., 5s 1908I J & J 106 b. 105 Jan . 107% Feb.
N. Y . & H arlem —7 8 ,re g . 1900
M & N|.....115
M ay 1 19 % F eb .
2 d ,5 s ..................................... 1913t M & S 1 0 0 b. 9 9 7s Mar. 103% Jan .
R . W. & O g d .—C on ., 5 s . .1 9 2 2 A & 0|111
H 1 0 % M a y 115 F eb.
C e n t.G a .—8.& W. ls t o o n .5 8 ,’ 29 ............. |*47%b. 5 0
M ay
7 0% Jan .
N .Y . CM c. & 8 t . L .—4 g . . . l 9 3 7 ! A & O! 9 5% | 93
M «y
C en tra l o f N. 1 .—C ons., 7 s . 1899 Q .-J r 114 b. 1131* A pr. 116 M ar.
9 9 % F eb .
N. Y . E le v a te d —7 s .............. 1 906 J & J* H O i^ b J llO
" F eb
’ . 111% J an .
C on sol., 7 s ...........................1902! M & N 118 b. 1 18 M ay 122 F eb.
N . Y . L ack. & W .—1st, 6 s ..1 9 2 1 J & J 128 a. 125
_ a g e , 5 g . . l 9 8 7r J & J l l l %
G en era l m o rtg
M ay 131
Feb*
1 08 % Jan. 112% A pr.
T .e
ah
T i.&
A W
R .,con
a n t i .,77s,a
a a8a>d
'd .l19900 0
L
W .B
Q—M* 103% b. 1 04
C o n stru ctio n , 58.................1923 F & a 1L0 b. 110
M ay 110 Jan.
M ar. 114 J an .
d o. m o rtg a g e , 5 s . . . . . . 1 912 M & N * 9 8 a. 95 Jan. 1 0 0 A p r.
N .Y .L .E .& W .—ls t ,c o n .,7 g .l9 2 0 M & 8 130 b.|132 M a y 1 39 % Jam
A m . D o c k & Im p ., 5 s ___ 1921 j j & j| l0 8 %
L o n g D o c k , 7 s .................... 1893 J & D
101 Jan. 1 02 % A p r.
108% Jan. 10934 Feb.
C o n 8 o l.,6 g .......................1 9 3 5 ;A & O 123 b '122 Jan. 125 F eb .
C entral P a elflc—G o l d ,6 s ..1 8 9 8 J & J 108% b. 108 M ar. 109% Jan.
91
2d
c
o
n
s
o
l.,
6
g
...............
..1
9
6
9
J
&
D
91
118
Feb.
1141*
M
ay
C lies. & O h i o - M o r t .,6 g . . 1911 A & O U l 's b .
J u n e 105 F e b N. Y. O. & W .—R e f. 4s, g . .l 9 9 2 M & 8 82
82
10034 M a y 106 F eb.
I 1 st c o n s o l.,5 g ...................1939 M & N 101%
Mar.
86 % F eb.
C
onsol.
1st,
5
g
.................
1
939
J
&
D
103
85%
Feb.
& G en . 4 % s ,g ........................ 1992 M & 8 7 9 ^
b.11
03 % J u n e 1 08% Jan.
7 7i* M ay
7 8 i* j a n ,
<- R .& A .D iv .,1 st c o n .,2 -4 g .l9 8 9 J & J 8 0
N.Y.8US.&W — l s t r e f ., 5 g .1 9 3 7 J & J 106 a. 105
Jan. 1 07 % Mar.
82 s4 F eb .
M idland o f N. J .t 6 ’ g . . . ’ l9 1 0 : A & Q 114
8 0 F eb .
P
do
2d co n ., 4 g . . . 1989 J <fc J 7 8 a. 77
113% M a y 1 20% M ar.
Jan.
C hic. B url. & Q.—C o n .,7 s . 1903 J & J 1 2 0 b. 1171* Mar. 121% A p r.
N o rf. & S ou th .— 1st, 5 g . .. 1941 M & N 98
N orf. & W'.—100 -year, 5 g .1 9 9 0 J & J
D e b e n t u r e ,5 s .................... 1913 M & N 99
9 8 % M ay 102% Jan .
81 % M ay
9 0 Jan .
M d.& W ash. D iv .- 1 s t ,5 g.1941 J & J
C o n v ertib le 5 s ................... 1903 M & S 100 b. 100 M a y 1108% Jan.
84% A p r.
91 J an .
9
3
a.
9o%
M
ay
94%
Jan.
N o rth .P a c.—1 st,c o u p .,6 g . 1 92 1 ,J & J 117
D e n v e r D iv is ion , 4 s ........1 922 F & A
,.1 1 5
M ay 118
Feb.
G en era l, 2 d, co u p ., 6 g . .l 9 3 3 ! A & O ............. jl0 9 % M ay 115 F eb.
N e b ra s k a E x te n s io n ,4 s .l9 2 7 | M & N 85i*
85 M ay
88% Jan .
C llic. & E. III.—l 8 t ,s .f ,,6 s .l 9 0 7 J & D
G en era l, 3 d, co u p ., 6 g . . 1 937 J & D 101 b. 1 04 % Mar. 1C 8 F e b 1133s Jan . 116 A p r.
C o n s o l.,6 g .......................... 1 9 3 4 \a & O 120
C onsol, m o rt., 5 g ............. 1989, J & D 61%
118 M ay 1 23 % Mar.
58
M ay
7 4 F eb.
G en eral con sol. 1 s t ,5 s .. 1937 M & N 99
Chic. & N .P .— 1st, 5 g . . . l 9 4 0 A & O 69
6 7 % May
97
M ay 103 A p r.
80% F eb.
C h i c a g o & E r i e - 1st, 4-5 g . 1 9 8 2 & N 98 b. 95
N orth. P a c .& M o n .—6 g . . . l 9 3 8 M & 8 8 0 a. 7 9 % M ay
M ay 103% F eb.
89% Feb.
4434 Jan.
I n co m e , 5 s .......................... 1 982 O ot’ b ’ r 37% a, 35
jNortli. P a c. T er. C o.—6 g . . l 9 3 3 J & J 103 a. 100 Jan . 1 0 4 F eb.
M ay
85
C b ic. Gas L. A C .—1st, 5 g . 1 9 3 7 1J
9 2% Feb.
85
M ay
O hio & M iss.—C ons, s .f .,7 s .1898 J & J* 112 % a . :109 M a y 1 1 2 F eb .
C llic.M il. A S t .P .—C on .7 s . 1 9 0 5 ' j
J 1 25 b. 125
Feb. 129 A p r.
| C on sol., 7 s .......................... 1898 J & J 1 0 8 %
1 08 % June 110% Mar.
1 s t ,South'w est D iv ., 6 s .1909)J
J 1 1 0 b. 113 A p r. 114% A p r.
O hio S ou th ern —1st, 6 g . . . l 9 2 1 J & D 104 b. 105% M ay 109 Jan .
1st, So. M in. D iv ., 6 s ....1 9 1 0 J
J 113
111
G en era l m o rt., 4 g ........... 1921 M & N| 5 0 b.: 5 1 % M ay
M ay 1 16 % Feb.
64 Jan.
lst.C h .& P a c .W .D iv ., 5 s .1 9 2 1 1J
J 1109
Om aha & 8t. L o u is —4 g ,..1 9 3 7 | J & J : ............. 6 0
F eb.
1 08 % Jan. 112 M ay
68 Jan .
C hic. A M o. R iv .D iv ., 5 s .l9 2 6 'J & J*; 10238b. 1 02 % Jan. 105 A p r.
O re g o n Im p . C o . -1 s t , 6 g . 1910 J & D| 9 8 b. 1 0 0
M ay 105
F eb.
W is. & M inn. D iv ., 5 g . . l 9 2 l | j & J 1 09 b. 105 Jan. 108
C on sol., 5 g ......................... 1 939 A & O 51 b.! 4 8 % M ay
A pr.
6 7 F eb.
T erm in a l, 5 g .................... 1914 J & J 107%
1 0 5 % Jan. 1 08 % A p r.
O r e .R .A N a v .C o .—1 s t,6 g . 1909 J & J 1 10 % b . l 0 8
Jan . 112
M ar.
G en . M ., 4 g ., series A . . . 1 989 J & j 9.4. b. 9 0 % Jan.
C o u 8 o l.,5 g ...........................1925; J & D 8 6 b . 88
Jan .
9 4 % F eb.
95 A p r.
Mil. A B o r .—1 st, c o n ., 6 s . l 9 i 3 J & D 110
110 J u n e 115
P a. C o.—4 % g ., c o u p o n ___1921.T & J | l0 7 % b . 106
Jan.
F eb.
1 10 % Apr*
C h lc.& N .W .—C oh 8o1.,7 b .. 19151 G —F :1B3
1 3 2 M ay 138 Jan .
P e o . D e o .& E v a n s v .—6 g . . l 9 2 0 'J & J 102 4-b. 1 00 % M a y 104 M ar.
C o u p o n ,g o ld ,7 s .............. 1902 J & d |119
E v a n s v ille D iv ., 6 g ___ 1920 M & 8 98
121% M ay 123 M ar.
98
M ay 105 F eb .
S inking fu n d , 6 s .............. 1929 A & 0 109
2d m o r t .,5 g ........................1926 M & N 7 0 a. 65
1 10% M ay 115 F eb.
A pr.
72
F eb.
S in king fu n d ,5 s .............. 1 9 2 9 A & O 1 0 6
Phjla. «fe R ea d .—G en ., 4 g .1 9 5 8 J & J 6 7 %
106 A p r. 109 Jan.
6 7 % J u n e 8 5% Jan .
B in king fu n d d e b e u .,5 s .1 9 3 3 iM & K 108 b. 1 06 % Jan. 112 F eb.
1 st p re f. in co m e , 5 g ........ 1958
Feb.
3 1 b. 3 2
M ay
7 6 % Jan .
2 5 -y ea r d e b e n t u r e s . . . 1 909 M & N 103*ea 103 M a y 106% Mar.
21%
2d p ref. in co m e , 5 g ........ 1958
F eb .
21
M ay
7 0 Jan .
E x te n s io n , 4 s .................... 1926 F & A| 9 3 b. 9 4 A p r.
F eb.
17
3d p re f. in co m e , 5 g ........ 1958
16 M ay
6238 J an .
98 Jan.
Ohio. P e o . & St. L ou is—5 g . l 9 2 8 M & 8 100 a. 9 6 A p r. 100 Mar.
P ittsb u rg & W estern—4 g .1 9 1 7 J & J 86%
81
Jan .
88 A p r.
O h lo .R .I .& P a o .—e s . o o u p . l O l ? ^ & J l 2 ; i 4b. 120 Jan . 125 Jan.
R ich. & D a n v .—C on ., 6 g . . l 9 1 5 J & J 109 a. 103
Jan . I l l
F eb;
E x te n s io n and c o l ., 5 s .. .1 9 3 4 !j & J , 995g
C o n s o l.,5 g . ......................... 1936 A & O * 7 4
67 Jan.
7 8 % Mar.
9 8 M a y 101% F eb.
3 0 -y ea r d eb en t. 5s........... 1 9 3 1 m & s 93
9 0 % May
R ich .& W . P .T er.-T ru st,6 g . 1897 F & A 58 b.J 56
97% Feb.
M ay
8 3 % F eb.
C h ic. 8 t. P . *1. & O.—6 s ___ 1930 I J & D 117 b 118
Con. 1st & co l. tru st, 5 g . 1 914 M & 8 27
M ay 123 M ar.
2 4 % M ay
52
F eb.
C le v e la n d & C an ton—5 . . .1 9 1 "’ J & J ; 8 9 b. 90 Jan .
R io G. W estern— 1st, 4 g „.1 9 3 9 J <fe J 75
9 2% A p r.
74 M ay
78 F eb.
C. C. C. A 1.—C on sol., 7 g .1 9 1 41 J & D 1 32 a, 119
8t. Jo. & Gr. Isla n d —6 g . . 1925 M & N 80 b.| 8 6
M ay 119 M a y
M ay
9 6 Jan .
G e n e ra lo o n s o l., 6 g . „ . . l 9 3 4 i „J &
„ J
„ 1 1 9 b 120 Jan . 122% Feb.
St L. & Iro n M t. 1st e x t. 5 s .’ 97 F & A 101 b. 1 00 % M ay 1 03 % Jan.
O.C.C.&St.L.—P e o .A E .4 S .1 9 4 0 A & O 68 b. 66
M ay
2 d , 7 g .................................... 1897 M & N 104 wb. 104 M ay 109
A pr.
7 9 Jan.
In o o m e , 4 e ..........................1 990 A p ril. |
18
C airo A rk . & T e x a s. 7 g . . l 8 9 7 J & D 9 8 %b. 104 Jan. 104% Mar.
M ay
26% Jan.
CJol. C oal A Iro n —6 g I ” ” .19t)6!F *& *A !103 a, 103
Gen. R’ y <fe land g r . , 5 g . . l 9 3 l A & O 82
I 82
F eb 106 Jan.
June 90% Jan.
O ol.M id la n d —C o n .,4 g . . . 1940 F & A! 54
54 J u n e 67 Jan.
M a y 114% A p r.
St.L . <fcSan F r.—6 g., C l.B . 1906 M & N 1 0 7 % b .llC 9
O ol.H .V a l.A T ol.—C o n .,5 g .1931 M A 8 86%
86
M ay
6 g „ C lass C ....................... 1906 M & N 107 % b . I l l
94% Jan.
M ay 1 1 4 % A p r.
G en era l, 6 g ........................ 1904 j & d 92 b
9 4 % Jan.
G en era l m o rt., 6 g ............1931 J & J 105 b 0~~
6 % Jan. 1 11 % A pr.
99 A p r.
D e n v e r A R io G .—1st, 7 g . 1900 M & N 1 1 5 b, 114% M ay 119
6 2% May
8t. L. S o.W est.— 1st, 4 s , g .. 1989 M <& N 63%
68
A p r.
Apr.
1 st c o n s o l., 4 g ...................1936 J & J 86% b. 84 Jan.
2 d, 4s, g., i n c o m e .............. 1989 J & J * 2 3 % b .! 22
2 8% Feb.
88% Feb.
M ay
D e t .B . City A A lp en a —6 g .l9 1 3 | j A J 6 0 b. 65 Jan
8.P .M .& M .—D ak. E x ., 6 g .1 9 1 0 M & N 116 b. 115
M ay 1 1 9 % A p r.
7 4 Jan.
D e t-M a c.A M .—L ’ d gran t8 .1 9 1 1 !a A O 25 b. 25
J l l 8 % a . 118
M ay
1st co n s o l., 6 g ................... 1933
4 0 J an.
M ay 1 23 % M a rD u L So. 8 b. A A tl.—5 g -----1937 J A J 99% a. 97
& J 1 03
Jan. 103 A pr.
do
re d u ce d to 4 % g . .
1100 Jan. 103 % A p r.
E .T e n n .V A G .—C on., 5 g . 1956 M A N 91%
& D 89
90 M ay
M o n ta n a E x te u s io n , 4 g .1 9 3 7
Jan.
88
91 Jan .
94 A pr.
K n o xv iU e A Ohio, 6 g . . . 1925 j
A J * 10 0 b. 100 Jan. 104% Feb.
& J 7 0 b. 70
San A . & A ra n . P .— 1 st,6 g . 1916
M ay
76
M ar.
E li z .L e x . A B i g S a n .- 5 g .1 9 0 2 M A S 95%
& J 7 0 b. 66
94 M ay 101
1st, 6 g .................................. 1926
Jan.
Feb.
7 6 M a rF t. W . A D en v. C ity—6 g . . 1 9 2 1 1j A D 9 7 b. 97
& A 81%
S eattle L .8 .<feE.— ls t .g u . 6 .1 9 3 1
Juue 101
A pr.
9 2 % Jan .
81% J u n e
G a L H .A 8 ,A n .-M .A P .D .ls t ,5 g. M A N * 9 4 b. 94 M a y
& N 7 0 a. 7 0
S e c’ ty Corp. (N .C ord.) 1st co n .6 s
9 9 A p r.
May
9 7% Feb.
H a n . A 8 t . J o s .—C ons., 68.1911 M A 8 114
1 13 % May 117% Feb.
b o .C a r .—1st, 6 g .,e x c o u p . 1920
105
105
M ay 1 06 F eb .
H o u s .A T e x .C — Gen. 4 s ,g .l 9 2 lj A A O 65%
63% M ay
So. P a c., A riz .—6 g ........ 1909-10
J * 9 8 % b . 97
A pr. 1 00 % Jan.
7 0 Jan.
? ^ ? l l?.c lentra.J~ :4 « - - - T - - * 1? 5 2 |A A O *100 b. 1 00 % Jau. 105 Mar.
8o. P a citio ,C a l.—6 g ___ 1905-12
0 1 1 3 b. 113
M ay 115 F eb ,
Int.<feGt.i«o.—l s t . b g . (E x.)1919IM & N ,108% a. 107
M ay 113 A p r.
1st, co n s o l., g o ld , 5 g ___ 1938
* 9 4 b. 93
A p r.
9 7 % Jan.
2d 4 V 5 s ........................1909 M & Si 7 b a, 63% M
—a y
8o. P a cih c, N. M .—6 g ..........1911
&
72 % Feb.
103 b. 103
> a y 1 05% Feb,
I o w a C entral— 1st, 5 g ........1938 J & D 8 0 ^ .
& o
8 i s M ay
80
M ay
9 0 Feb.
T enn .C . I. <kRy.—T e n .D .,ls t , 6g
95
F eb .
K e n tu o k y C entral—4 g . . . . 1987 J & J ! 8 6 a. 84 Jau .
B irin. D iv .. 6 g ....................1917
& J 8 l 78
8 4 % Jun-i 95 % Jan .
87
A pr.
K ru g s Co. E l.— 1 st, 5 g -----1925 J & jT 0 2 * s h .: 99% Jan. 103% Feb.
& D 7 ,* a
T ex. <fe P a c .—1st, 5 g ........... 2000
7 1 ^ J une 81
Jan.
L a o le d e G a s — 1st, 5 g ..........1919| Q —F I 7 9 .9 1 7 9 % J u u e
2 d ,iu o o m e , 5 g ....................2000 M arch.
2 9 % Jan .
1 / % M. y
87% Jan.
L a k e E r i e A W e s t . - S g .._ . i 9 3 7 J & J *113 a. 108*9 Jan. 113 Feb.
T ol. A . A . & N. M .—6 g ........1924 M & N * 9 3 a 103 Jan
108% Jan.
L . S hore—C o n .e p .,1 s t ,7 s.1 9 0 0 J & J 1175&b. 118 Jau. 119 J a n.
T ol. & O hio C ent.—5 g ........1935 » J & J 105 b.
109 A p r,
C o n sol c o u p .,2 d ,7 s ........ 1 908!J & 15 118*8
118 Ju u e- .122% Jan.
T ol. P eo. & W est.—4 g ........1917 ’ J & J 75% b. 7 6
M ay
8 1 Jan .
L o n g Isl d— 1st, co n ., 5 g . . 1931 Q—J , *116
l i r "b. I----113% Feb. 116% Feb.
T ol. 8t. L. & K an. C.—6 g . . 1916; J & d 61 b. 60% May
9 0 % J an .
G en era l m o rtg a g e , 4 g .,1 9 3 8 J & D 93
~~
9rf% J u n e 96 Jan .
U nion P a cific— 6 g ................. 1899i J & J 109% b. 109 Jan. i l 0 % Jan.
Lonia. & B a sh .—Cons., 7 s .1898 A & O 108%
1 0 8 ^ M ay 113 Jan .
S in k iD gfu u d . 8 s ..................1893i M & b 1 02 %
101
M ar. 1 05% Fob.
N .O . & M o b . l s t , 6 g ........1930 J & J 119
,119 Jan. 123% A p r.
C ollat. trust 4 % ..................1918i M & N 65 b. 65
M ar.
7 3 % Jan.
do.
2d, 6 g ..........193u|j & J 1 1 0 a .
:i 0 8 l l uA pr.Feb.
G old 6s, co l. tru st n o te s . 1894 F & A 9 7 %
95
M ay 102% Jan.
G en era l, 6 g ........................ 1 9 3 0 1J & D 115 b. l l t %
ay 1 19% A pr.
K a n . P a o .-D e n .D 1 v .-6 g .1 8 9 9 1 M & N I0 9 % b . 1 09 % M ay 113% A p r.
U nified. 4 g ........................ 194b J & J, 83 a .
! 8 0%8 3Jan.
l s t o o n s o l .,6 g ................. 19191 M & N 105 b. 106
% Feb.
M ay 1 12 % A p r.
N a sli.F i.& b k .— 1st g t d .5 g .’ 3 7iF & Ai 98 b. 99<V Mar. 101 M ar.
O regon 8 h o r t L iu e —6 g . . 1922 F & A 102 b. 1 00% May 109 Jan .
L ou is. B .A . <feOh.— 1st, 6 s . l 9 1 0 l j & J I 0 8 b . 108
Mar. I l l
1
A
&
O
O r.S .L .& U t’ hN .—C on.5 g .1919
67
M ay
8 0 % Jan .
Jan.
67
C o n s o l.,6 g ........................1 9 1 «lA <fc o 100 a. 100 M ay 109 Jan.
U .P .D e n .A G u lf co n . 5 g .1 93 91 J & D 66 b. 6 0 % May
7 5 % Jan.
L ou is. St. L. A T e x a s —6 g . l 9 1 7 F & A * 9 0 a. j 90 M ay
U nion E le v a te d 6 g ..........1937 1 M & N 114 a. 113
M ay 117% A p r9 8 * Jan.
M e tro . E lev a ted — 1st, 6 g 1 908 J
.11 i6 % b . 116 Jan. 118% Feb.
V irgin ia M id .—G en . m .,5 s, 1936i M & N 80 a. 77
86
A p r.
Jan.
2 d , 6 e ...................................1899 M & N 1 0 4 %
104
May 1 08% Feb.
do
sta m p e d gu ai . M & N * 8 2 a. 80% Jan .
86
A pr.
M loh, C ent.—1 s t ,co n ., 7 s ..1 9 0 2 M & N 117%
117% May 122% A pr.
W ab a sh —1st, 0 g ....................19391M & N 1 0 1
100
M ay 1 0 6 % A p r.
C o n sol., 5s ........................ 1 902 M & N 104 % b . 10< % May 106% A pr.
2d m o rtg a g e , 5 g ............. 1939 F & A 7 2
82% Jan .
71 M a y
M ll.lja k e 8 h .A W.— I s t .6 g .l 9 2 1 M & N 120 b. 122% May 1 27% Jan.
D e b e n t. M ., series B ........1939
& J 25
25 J u u e 3 9 J a m
E x te n . A Im p ., 5 g ..........1 929 F & A 106
104
Mar. 109% Jan.
&
9 9 % Apr. 1 03 % F eb.
W e 8 t8 h o re —G u ar., 4 s ........2361
101%
T ’ —lBt 48’ K..........1990.1 & D 7 7 %
I 7 7 % J u n e J 82% Feb.
Jan . 105 F eb.
W est. N. Y. & Pa. - 1 s t , 5 g .1 9 3 7
&
1 02 4 a.
2 d , 4 s ,g
........................ 1 99 0 F & A 4 2
! 4 % May I 5 0 % Jan.
M ay
&
2d m ort., 3 g .,5 s c ................1927
* 2 4 a. 2 i
33 Jam
M o .P a o iflo —1s t , e o n . , 3 g . l 9 2 0 M A N 107 a. 105 M ay 113
M ar. 106 J a n Mar.
W est. Un. T e l.—C ol. t r ., 5 s .1938
&
102 %t».
3 a > 7s
............................. 1906 M A N 103 b . 10-< M ay 1 15% A p r.
9 2 % Jan .
Mar.
W is. C ent. C o .—1st, 5 g .......1937
&
83 a 87
P a o .o f M o .—1st, e x . , 4 g . 1 938 F & 4. 9 9 a. 98>9 Apr. 102 JaD.
A p r. 1 3 5 F e b In co m e , 5 g ......................... 1937 . . . . . . . .
•22 b 25
N o t e .—
inclicates p r ic e b id ; “ a ” p rice a s k e d ; the R an ge is m ade u p fro m a ctu a l sales on ly . * L a te s t p r ic e this w eek.
NEW YORK STOCK EXCHANGE PRICES—(.CoutmuefU.—iiVACTIVE BONDS—JUXE 2.
S E C U R IT IE S.
B id .
A sk .
Railroad Bonds.
(M ock Exrturn j t P rices.)
A la b a m a M id. 1st. g., g u a r ..1928
2 d, 4s. Class B ....................... 1989
A .T .& S .F .— ' o . M id .ls t.g .,68.1936 i o o ’ 1 06 ”
A tla n tic & D a n y.— 1st g., 6 & ..1 9 I7
A tl. & P a c.—-z d ^ . D .f gu. 6&,. 1907
B a it. A O h io— 1st. 6s. Parh B .1 9 1 9 114
g o ld ^ ,
........................1925 110%
* N o uric* F r i* * v ; these a re the
S E C U R IT IE S .
B id .
B . & O .—
m o rt., g o ld .5 s .1988
W . Ya. & P itts .— 1st, g . , 58.. 1 990
B . * O .S . W ., 1st. g . , O , , . . .1 9 9 0
........
M obon. R iver, l s t g . ,g . 5 s . ..1 9 1 9
odl’ 1O h io R eor.—1st, 4 * g s .l9 3 0
A k .* Ch.June. — ls t ,g ,5 s ,g u .1930
Boot. H . Tun. & W . — I)e b . 5 S .19 1 3
Brooklyn E leva ted — 2 d , 3 -5 8 .1 9 1 5
B run sw c k & W ’ n — 1st, g. 4s, 1938
«Ufl. R h. & P itts.—Geu . 58.1937
A sk.
..........
*99*
91
97
—
S E C U R IT IE S .
B id .
B.
R .& P .— R och.
P ., 1st, 6 1s 2
.1921
0
118
R och . & P itts.— Con&. 1st, 68.1 92 2
—
Burl Ced. R ap . & N o .— 1 s t ,5 s.l9 O 6 ,* 1 0 0
C onsol. & co lla t. trust, 5 s . . . 1 9 3 4 1 95
M inn. & St. L .— 1st, 7s, g u ..l 9 2 7
Io w a C. & W est.— 1st, 7 s ___ 1909,
Ced. R ap . I. F. & N ., 1st, 6 s ^ 9 2 0
1st, 5 s ..................................... r 921
C.
OhiO— ;ol. & C in .M .ls t ,4 % s .l9 3 9
nw RR «. Powb
r-r»i
* •o*>-
THE CHRONICLE.
J une 3, 1893.]
918
NEWYORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—rContinued)-JUNE 2.
S E C U R IT IE S .
B id .
A sk. 1
0 . R . & B.—C b a t.B .A C .,g td .g .l9 3 7
C ent, o f N. J .—C on v. d e b ., 6 s . 1908
C entral .Pacific— G old b d s, 6s, 1895 1055s
G o ld b on d s, 6 s .........................1896 106*8
G o ld bon d s, 6 s .........................1 89 7 106%
San J o a q u in B r., 6 s ................1900 *109
M ort. g o ld 5 s .............................1939
L a n d gran t, 5s, g .....................1900 100
C. A O. D iv ., e x t ., g. 5 s ........1918 105
W est. P a cific—B o n d s, 6 s -----1899 108
N o. R a ilw a y (C al.)— 1st, 6 s. 1907
94
95
5 0 .y e a r 5 s ...............................1938
111
d i e s . & O — Pur. M . fu n d , 6s .1 8 9 8 108
6s, go ld , series A ..................... 1908 115
C ra ig V a lle y —1st, g., 5 s — 1910
W arm Spr. V ai., 1st, g. 5 s .. 1941
Ches. O .A S o . W est.— 1st 6s, g .1 9 1 1 T 0 7
2 d , 6 s ...................................
..1 9 1 1
Ob. V .—G e u .co n .l st.gu .g,5 s. 1938
70
C h ica g o & A lto n —8. F., 6 a -----1903 115
118
L ouis. A M o. R iv e r —1st, 7s. 1900 115
2 d, 7 b ........................................1900
St. L . J a ck s. A C hic.— 1st,7S.1894 101*2
M iss.R . B rid g e —1st, s. f., es.1 9 1 2 103
C hic. B u rl. A N or.— 1st, 5 s ___ 1926 102
D e b e n tu re C s....................
1 896
C hic. B u rlin g . A Q .—5s, s. f_ .1 9 0 1 102*1}
I o w a D iv .—Sink, fu n d , 5 s . . 1919 104
S in king fu n d , 4 s ....................1919
93
P la in , 4 s'..................................... 1921 *84*ii
Ohio A In d ia n a C oal—1 st 5 s . 1936
C h i. M il. A St, P .—1 st,8 s ,P .D .1898 115*4 115%
2d, 7 3-lO s, P. D ..................... 1898 118
1st, 7s, $ g . , R . D ..................... 1902 125
1st, I. A M ., 7 s .........................1897 116h}
1st, I. A D ., 7 s ......................... 1899 117
1 st ,C. A M ., 7 s .........................1903 124
1st, I. & D . E x te n s io n , 7 s .. .1 9 0 8 124%
1st, L a C. A D a v ., 5 s ............. 1919 105
107
L26
1st, H . A D ., 7 s ....................... 1 910 122
1st, H . A D ., 5 s ....................... 1 910
105
C h ica g o A P a cific D iv ., 6 s .. 1 910 117
118*2
M in eral P o in t D iv . 5 s ........... 1 910 1026? 103%
C. A L . Sup. D iv ., 5 s .............. 1921
106
F a rgo A S ou th ., 6 s, A s s u .. .l 9 2 4
In c. c o n v . sink, fu n d , 5 s ___ 1 916
D a k o ta A G t. S outh., 5 s ___ 1916 104
I06*s
M il. A N or. m ain lin e—6 s . . . 1 910 110
O H c.A N .W .—3 0 y e a r d eb . 5s, 1921 104*4 106*
E sca n a b a A L. S. 1st, 6 s ___ 1901
D e s M . A M in n .—1st, 7 s . . . . 1907
I o w a M id lan d —1st, 8 s ..........1900
P en insula—1st, c o n v ., 7 s . . . 1898 r120
C hic. A M ilw a u kee— 1st, 7 s . 1898 r112
W in. A St. P .— 2d, 7 s .............. 1907 T 2 0
M il. A M a d .—1st, 6 s ............. 1905 f108
Ott. C. F . A St. P .—1st, 5 s . - 1909
N orthern 111.—1st, 5 s ..........1910
G h .P eo. A S t.L .—C on .1st,g .5 s .1939
99
G .R .I .A P .-D .M .A F. D . 1 st 48.1905
1st, 2 *ss...................................1905
*45*
E x te n s io n , 4 s ....................... 1905
K eok u k A D e s M .—1 s t ,5 s .. 1923
C h ica g o A St. L ou is— 1st, 6 s.. 1915
C hic. St. P . A M inn .—1 s t ,6 s ... 1918 118
123
St. P a u l A S . C.—1st, 6 s ........1919 120
Ohio. A W . In d .— 1st, s. f ., 6 s. 1919
G en eral m o rtg a g e , 6 s ........... 1932
C hic. A W est M ich .—5 s , ...........1921
(Din H a m . A D .—C on. s. f ., 8.1905
2 d, g o ld , 4*48............................ 1 937
Ctn. D . A I r ’ n—1st, gu. 5s, g. 1941
96
O lev. A k . A C o L - E q . A 2 d 6s. 1930
G.C.C. A St. L ., C airo d iv .—4s, 1939
8 t.L o u .D iv .—I s t c o l.ts ’ t 4 s ,g .l9 9 0
89
93
S pring. A C ol.D iv .— 1st,g. 4s. 1940
W h iteW .V a l.D iv .—1st,g. 4s. 1940
C in .W a b.A M .D iv.— 1st,g.4 s. 1991
96
Gin. I. St. L. A C.— 1st,g.,4 s. 1936
89
C o n s o l, 6 s .................................. 1920
C in.8an.A C L—C o n .is t,g .5 s , 1928 105 4
01.
Col. Cin. A In d .— 1st, 7 s ,s .f.l8
111 9 9
C onsol, sink, fu n d , 7 s ........... 1 914
C leve. A M ah. V .—G old , 5 s . . . 1938
C o lu m b ia A G reen .—1st, 6 s . . . 1916
2 d , 6 s ........................................... 1926
D el. L a ck . A W .— viort. 7 s ___ 1907
Syra. B in g. A N. Y .—1st, 7s. 1906
M orris A E ss e x —1st, 7 s ___ 1914 135
B o n d s, 7 s ................................ 1 9 0 o
7s o f 1 8 7 1 ...............................1901 117*2
1st, co n ., gu ar., 7 s .............. 1915 139
133
D el. A H u d . C an.— C oupon 7s, 1894 10358 1 0 4 .
Pa. D iv ., co u p ., 7 s ..................1917 1 ,3
A lb a n y A S usq.— la t,g u .,7 s 1906
126
1st, co n s., gu ar., 6 s .......... 1906 113*2 116
S en s. A Sar.— 1st, c o u p ., 7 s .l9 2 1 139
142
D e n v e r C ity C able— 1st, 6 s . . . 1908
98
D e n v . T ra m w a y— Cons. 6s, g .1 9 1 0
M etrop ol. B y.—ls t .g u . ja.6s.1911
D e n v . A R . G .—I m p .,g ., 5 s . . . 1928
D u lu th A Iron R a n g e—1st 5s. 1957
98
E . Term . Va. A G a .— 1st, 7 s ... 1906 107\ 110
D iv ision a l 5 s .............................1936 102
1st e x t ., g o ld , 5 s ..................... 1937
75
E q. A Im p., g .,5 s ...................... 1 93 ?
M obile A B ir in .- 1st, g .,5 s .,1 9 3 7
A la b a m a C entral— 1st 6 s . . . 1918 iO O
E rie— 1st, e x te n d e d , 7 s ........... 1897 107
111
2d, e x te n d e d , 5s....................... 1919 111*2
8 d , e x ten d ed , 4*48................... 1923 106
4th, e x te n d e d , 5s..................... 1926 109 *4 110*2
6 th , e x te n d e d , 4 s..................... 1928 100
102
1st, co n ., g,, Ed, 78 ................ 1926
R e o rg., 1st lien, 6 s ..................1908
109
B. N. Y. A E .—1st, 7 s ........... 1916 128
N. Y . L . E . A W .—C ol. t r .,68.1922 l o o
F un ded c o u p ., 5 s ..................... 1969
85
B uff. A 8. W.—M ortg. 6 s ___ 1908
J efferson —1st, gu. g. 5 s ___ 1909 101
Coal A R R .—6 s ......................... 1922
E u re k a S prings— 1st, g., 6 s . .. 1933
E v a n s. A T .H .—1st,c o n s .,6 s .. 1921 ..........120
1st, gen era l, g ., 5 s ..................1942
mNo
S E C U R IT IE S .
B id.
A sk
S E C U R IT IE S .
E .A T .H ,— Mt. V ern o n 1 st 6s .1 9 2 3 n o
N orth ern P a c ific — ( C ontinu ed.)
*ul. Co. Rr. 1st, g., 5s........... 1 930 100
S pok an e A P a l.—1st, 6s........1936
95
E v. A R ich .—1st ge n .5 s,g .g u . 1931
98
S t.P a u l A N. P .—G e n ., 6 s .. 1923
Bvans. a In d ia n .— 1st, e c u s . .1 9 2 6
H e le u a A R e d M ’ n — ls t ,g ., 6s. 1937
123
Flint A P. M arq.—M ort., 6 s . . .1 9 2 0
D u lu th A Ma n i to b a —1 st,g.6 s 1936
92
1st c o n . g o ld , 5 s ...................... 1939
98
D u l.A M an D a k .D iv .— Is l6 s . 1937
94
95
P o rt H u r o n —1st, 5 s ............. L939
Coeur d’ A le n e —1st, 6s, g o ld . 1916
Fla. Ceu A P en .— l s t g . 5 s . . . .1 9 1 8
G en. 1st, g ., 6 s ...................... 1938
99
1st con . g , 5 s ......... ................ 1943 *97
C ent. W ashington— 1st,g.,6 s. 1938
6-1 >2 05
N o rfo lk A W est.—G e n e ra l, 6 s . 1931
Ft W orth A R. G .—1st g., 5 s ..1928
Gal. H ar. A San A n t.—1st, 6 s .1910
N ew R iv e r, 1st, 6 s ..................1932
102
Im p . A E x t., 6s.........................1934
G al. II. A S . A —2d m ort., 7 s -.1 9 0 5
M ex . A P a c. D iv ., 2d 6s ....1 9 3 1
A d iu stm e n t M ., 7 s ................. 1 92 4
E q u ip m en t, 5 s ...........................1908
G a. Car. A N or.— 1st, gu. 5 s ,g .l 9 2 9
C lin ch Val. 1 st 5 s ................... 1957
Ga. So. A F la .—1st, g.' 6s......... 1927
R o a n o k e A S o .— 1st, gu. 5s, g .1 92 2
G ran d R ap . A In d .—Gen. 5 s .. 19*24
25
S cio to V al. A N. E .— 1st, 4 s ,.1990
G. B. W. A St. P .—2d inc. tr. r e c ts .
O h io A M iss—2 d co u so l. 7 s . ..1 9 1 1
H ou sa ton ic—C ons, g o ld 5 s ___1937 *112*s
112
S p rin g .D iv .—1st 7s................. 1 905
N .H a v e n A D e r b y , C o n s .5 s ..l9 1 8
122
G en era l 5 s .................................. 1932
H ons. A T . C.—W a co A N. 7 s ..1903 110
*105
106% O h io R iv e r R R .— 1st, 5 s ........... 1936
1st g ., 5s (int. g t d ).................193
G en , g . , 5 s .................................. 1 9 3 7
C ons. g. 6s (int. g t d ).............. 1912 f1 0 2 7g
D eb en t. 6s, prin . A in t. g t d .1897
O regon A C a lifo r.—1st, 5s, g .1 9 2 7
Or eg. R y A N av.—C o l.tr . g.. 5s. 1919
D eb en t. 4 s, prin. A int. gtd . 1 897 *80
P an. Sinlc.F’ d S u b sid y—6s, g. 1 9 1 0
Illin ois C entral—1st, g., 4s ...1 9 5 1 107
ten n .-P .C .C A S t.L .C n .g.4 * 2 S A 1 9 4 0
1st, g o ld , 3*28...........................1951 *94
C airo B rid ge—4 s ..................... 1 95 0
97
Do
do
S eries B .........
S p rin gf. D iv .—C oup., 6 s ___ 1898
P .C .A S .L .-ls t,c .,7 s ..................1900
109*2
P itts. F t. W . A C.—1st, 7 s ... 1912
M id d le D iv .—R e g ., 5s........... 1921 107
C. St. L. A N . O .—T en. 1 .,7 8 .1 8 9 7
2d, 7 s ...................................... 1912
1st, co n s o l., 7 s ....................... 1897 r......... I l l
3 d , 7 s ........................................1912
2 d , 6 s ........................................1907
C lev. A P :—C ons., 8. fd ., 7 8 .1 9 0 0
G old , 5s, c o u p o n ..................1951 i 16**2 118*2
Gen. 4*28, g ., “ A ” .............. 1 942
M em p , D iv ., l s t g . 4 s ........1951
Ch.St. L. A P .— 1 s t,c o u .5 s ,g ... 1 932
D u b. A S. C.—2 d D iv ., 7s ...1 8 9 4 100
St. L. V. A T . H .— 1st, 6s., 7 s . 1897
2 d , 7 s ........................................1898
C ed. F a lls A M inn.— 1st, 7 s.. 1 907
2 d, gu ar., 7 s ........................... 1898
In d . D . A S pr.—1st 7s, e x . c p .1 9 0 6 1 20
G d. R .A I .E x t.— 1st,4*23,G .g. 1941
In d .D .A W .— 1st 5s, g .,tr .r e c . .1 9 4 7
122*2
2 d , 5s, gold , tru st r e c e ip t s .. 1948
P e o .A E .-I n d .B .A W .-ls t ,p f.7 s .l9 0 0
O h io lu d .A W .— I s t p r e f .5 s ..l9 3 8
In c. M . b ond s, trust r e c e ip t s ___
P e o ria A P ek. U n ion —1st, 6s .1921
In d . Ills. A Io w a .—1st, g, 4s. .1 9 3 9
83
Int. A G . N’ n — 1 st,6 s.g................. 1919 134
2 d m o rtg ., 4*2S......................... 1921
P itts. C leve. A T o l.— 1st, 6 s ... 1922
K a n a w h a A M ich .—M ort. 4 s . 1990
75
K in g s C o .-F .E l.,ls t,5 ,g .,g u .A .1 9 2 9
P itts. A L. E r —2 d g. 5 s, “ A ” . 1928
L ake E rie A W est.—2a. g ., 5 s. 1941
101*2 P itts. M e. K . A Y .— 1st 6s........1932
L. S. A M . So.—B. A E .—N ew 7 s .’ 98 110
P itts. P a in sv . A F .—1st, 5 s . . . 1 916
D et. M. A T .— 1st, 7 s .............. 1906 115
P itts. Slien. A L . E . - l s t . g . . 5 s . l 9 4 0
Pitts. A W est —M. 5s, g 1891-1941
L a k e S h ore—D iv . b o n d s ,7 s . 1899 112
i*16
K al. A ll. A G. R .— 1st gu. 5s. 1938
P itts. Y ’g st’ n A A .—1st, 5 s,co n . 1927
M ahon’ g C oal R R .—1st, 5 s. 1934 105
P res. A A riz. C ent.— 1st, 6s, g .1 9 1 6
L eh ig h V .,N .Y .—1 st gu.g.4*2S.1940 101
102
2 d in co m e 6 s .............................1916
110
Lehigh V .T e rm .—1 st gu. 5s,g. 1941
R ich . A D a n v .—D e b e n tu re 6 s. 192
L itch f. Car. A W est.—1 st 6s. g .1 9 1 6
95
E q u ip . M. 8» f ., g ., 5 s .............. 1909
L o n g Isla n d —1st, 7 s ................. 1898
115
A tl. A C har.—1st, p r e f., 7 s .. 1897
N . Y . A R ’ w a y B .—1st, g. 5 s. 1927 *100
do.
I n c o m e , 6 s . . . . 1900
W a sh .O .A W .—ls t ,4 s ,g u .c y .,1 9 2 4
2 d m o rtg ., i n c ....................... 1927
37*2
N .Y .A M a u .B ea ch .— 1st, 7s, 1897 100
110
R io G r. J u n e .—1st, gu ., g ., 5s. 1938
N. Y. B. AM . B.— 1st con . 5s,g. 1935
102
R io G ran d e S o.—1st, g ., 5 s . . . 1940
B ro o k l’ n A M on ta u k — 1st,6s. 1911
St. J o s. A G r. Is.— 2 d i n c ..........1925
1 st 5s
1911
K a n . C. A O m aha—1st, 5 s .. 1927
L ouis.E vans. A St. L .—C o n .5 s. 1939
St. L . A . A T .H —2 d p re f. 7 s .. 1 894
77
80
L ou is. A N ash.—C ecil. B r. 7 s ..1907 103
2 d m . in c. 7 s...............................1894
E . H . A N ash.— 1st 6s, g -----1919 110
D iv id e n d b o n d s ....................... 1894
P e n s a co la D iv is io n , 6 s ..........1920 105
B e lle v . A So. 111.—1st, 8 s . . . i 8 9 6
110
8 t. L ou is D iv is ion , 1st, 6 s ... 1921 118
B e lle v . A Car.— 1st, 6s........... 1923
2 d, 3 s ....................................... 1 980 '6 3
C hi.St.L . A P ad .— ls t ,g d .g .5 s 1917
L eb. B ra n ch E x te n s io n .. .1 8 9 3
St. L ou is So.— 1st, gd . g. 48.1931
do
2 d i n c o m e , 5 s . 1931
N ashv. A D eca tu r—1st, 7 s .. 1900
Car. A S h a w t.—1st g . 4 s ___ 1932
S. f.,6 s .—S. A N. A la ...............1910
1 0 -4 0 , g o ld , 6 s .........................1924 *99
St. L. A S. F .—2 d 6 s ,g ., cl. A . 1906
5 0 y ea r 5s, g .,...........................1937 100
E q u ip ., 7 s .................................. 1895
P ens. A A t . - 1st, 6s, g o l d .. . 1921 101
G e n e ra l 5 s .................................. 1931
C ollat. tru st, 5 s, g ..................1931
1st, tru st, g o ld , 5s................... 1987
104%
L ou .N .A lb .A O h .—G e n .m .g .5 s.l9 4 0
C onsol, gu ar., 4 s ..................... 1990
71
M a n h attan R y .—C ons. 4s....... 1990
K a n . C ity A S.—1st, 6s, g . . . l 9 1 6
98
M anito.8. W .C oloniza’ n—5s ,g. 1934
F t. 8. A V. B .B g . - 1 s t , 6 s . . . 1910
98
M em p h is A C hari.—6 s, g o l d .. 1924
K ansas M id lan d — 1st, 4s, g .1 9 3 7
90
1st con . T enn lien, 7 s ........... 1015 100
St. P a u l A D u lu th— 1 s t ,5 s . . . . 1931
M ex ica n C ent. C onsol.— is , g.1911
2 d m ortga ge o s .........................1917
1st, con s, iu eoine 3 s, g ......... 1939
St. P a u l M inn A M .—1st, 7 s . .1 9 0 9
M ex ica n N a tion a l—1st, g., 6 s. 1927
2d m o rt., 6 s ................................ 1909
2d, in co m e , 6s, “ A ” ................1917
M inu eap . U nion—1st, 6 s ___ 192*z
M ont. C eu.— 1st, gu ar., 6 s .. 1937
2 o , iu c t m e , 6s, “ B ” .............. 1917
M ich igan C entral—6 s ................1909
1st guar. g. 5 s ...........................1937
C ou p on , 5s.................................. 1931
E ast. M m u ., 1 st d iv. 1st 5 s. 1 90 s
112
Sau F ran. A N. P .—1st, g ., 5s. 1919
M ortg a g e 4 s .............................. 1940
102
S outh C a ro lin a —2 d , 6 s ........... 1931
B at.O .& Strgis.— Is t,3 s ,g .g u .l9 ;}9
M il. L. 8 .A W .—C onv. d o b ., 58.1907 104
j Lncoine, 6 s ............................... 1931
M ich . D iv ., 1st, 6s................... 1924 121
'So. P a c. C oast— 1st, g u a r .,4 s . 1937
F er.R R .A s’ n o f S t .L .-lS t ,4 *28.1939
A sh la n d D iv ision — 1st, 6s ..1 9 2 5 120
T e x a s C entral— 1st, s. f ., 7 s . .. 1901In com es............................................... luO
112
| 1st m ortga ge, 7 s ....................1911
M iu n .A St. L .— 1st, g. 7 s ..........1927 106%
'T e x a s A N e w O rleans— ls t ,7 s . 1905
I o w a E x te u s io u , 1 s t ,7s....... 1909 110
2 d m ortg ., 7 s ............................ 1891 100
i S ab m e D iv isio n , 1st, 6 s .......1912
S ou th w est E x t.— 1st, 7s....... 1910
T h ird A ven u e (N. Y ).— 1st 5s, 193 ,
P a cific E x t .— 1st, 6 s ............. 1921 102
I02*s T ol. A . A . A C ad.—6 s .................191,
Inipr. A eq u ip m en t, 6s......... 1922
T o le d o A . A. a G’ d T r.—g. 6s. 1921
116
M inn. A P a c .— 1st m ortg., 5 s . 1936
T ol. A . A . A Mt. PI.—6 s ........... 1919
M inn .S t.P .& S.S.M — l s t c .g .4 s .l 9 3 8
|Tol. A. A. A N. M.—5s, g ......... 194u
U lster A D e l.— 1st, c o n .,6 .f5 s . 192o
M o.K .A T .—K .C .A P ., 1st, 4s, g. 1990
70
75
Dal. A W a co— 1st, 5s, g u ...,1 9 4 0
U nion P acific— 1st, 6 s ................130c
M issouri P a cific—T ru st 5 s ...1 9 1 7
1st, 6 a ..........................................1*97
1st c o ll., 5s, g ...........................1 920
1st, 6 s .........................................l8 9 t l
74
C olla tera l T ru st, 6 s ............... 190?
St L .A l. M .~ A r k .B r .,ls t,7 s .l8 9 5
101*2
M ob ile A O h io— 1st e x t., 6 s ... 1927
C ollateral T ru st, o s ........... ..1 9 0 7
St. L. A C airo—4s, g u a r........1931
K ansas P a cific—1st 6s, g . . . l 8 9 5
M orga n ’ s La. A T .— 1st, 6s___1920
1st, 6s. g ................................. 1890
C. B r. U. P .— F. c , 7 s ........... 1895
1st, 7 ? ......................................... 1918 12*
A
tch
. Col. A P a c .—1st, 6 s ... 1901
Nash. Clia*. A SI. L .—2 d , 6 s .. 1901
A tch . J. Co. A W.— 1st, 6 s ... 1905
New O rleans A G u lf— 1st, 6s .1 9 2 6
U
.P
.
L iu. A C ol.— 1st,g .,o s . 191?
N. O. A. N o. L. -P r. 1., g ., 6 s.. 1915
N. V. C en tra l.—D eb. g. 4 s ___ 1905
O reg.S .L .A U .N .,c o L t r s l.,5 s .l9 l9
U
tah
A N orth.— 1st, 7s......... 190?
N. J. Ju n e—G uar. 1st, 4 s . . . 1986
B eech C reek— 1st, g o ld , 4 s . . 1936
G o ld , o s ..................................1926
102*2!
U
tah
S outhern—G en ., 7s .*.1909
Osw . A R om e—2d, 5 s, g .,g u .l9 1 5 104*2 105*2
E x te n ., 1st, 7 s ............. .......1909
U tica A B l. R iv. - 4 s , g., gu .1 9 22 102*2
V
alley
R
’ y C o. o f O .—Cou. 6 s. 1921
N. Y. N. H . A H .—1st, re v 4 s . 1903
W abasb— D ebenture, Ser. A ..1 9 J 9
N. Y . A N orth ern — 1st, g 5 «H 9 2 7 108
No.
M
issouri—
1st, 7 o ........... 1895
2d, 4 s ............................................1927
75
N. Y. 8usq. A W est.—2d, 4*ss. V937 *9*6*
S t.L .K .O .A N .—R .E .A R R .7 s .l8 9 5
Gen. m ort., 5s, g ................... 1 940
S t.C h ariesB r’ge— 1st,6 s .. .1 9 0 8
**9*4*
N. Y. T e x . A M ex .—I s t,4 s ,g u .l9 1 2
W est. V a. C. A P itts.—1st, 6 s. 1911
N orth’ n P a cm c—D iv id ’ d s crip e x t .
W’ h e e l.A L .E .— 1st. o s, g o l d ...1 9 2 6
lo o *
V’ vip iw ion A Turn. V.. 5>»..__ 10
Tames R iv er V al.— 1st. 6 s ... 1936
^riee Friuay; these are lhe latest quotations made this week.
Ask.
B id .
57
*37
93
, 90
87
100
77
74
ii r
98*n
1 00
72
70
101*4
125
116*4
T08*4
105
101
107
103
108
67
72
87
90
85
*95*
72
100*4
100 '
*99
105
iio ’
84
81
107*4
100
90
63
105
105*4
ill
115*4 117
116
116
i0 3 "
102*s
*99
100*4
*90
113*«
95
100
lot) **; ........
t u b V lO S
108 1 0 8 7g
85
j ........
100*4
80
80
*75
*67
99
93
I
102
101
105
1 0 1 *4
107
98
For Miscellaneous & Unlisted Bond**—set*d page preceding.
THE CHRONICLE.
920
J m jr s tm m t
R
S & i l iw a d
% n U lliQ z n u .
The Investors’ Supplement, a pamphlet o f 150 pages
contains extended tables o f the Stocks and Bonds o f Rail
roads, and other Companies, with remarks and statistics con
cerning the income, financial status, etc., o f each Company.
It is published on the last Saturday o f every other month—
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 of the Chronicle, are published on the t h ir d
S a t u r d a y o f each month.
R A IL R O A D E A R N IN G S .
Latest E a rn in g s R eported
R
J a n . 1 to
oads.
W eekor Mo
1893.
1892.
1893.
1892.
S
8
$
842,811
14,757,723
3,263,58*
6 32,685
18,011,30^
1 34.052
29.2 33
5 ,8 8 5 ,7 1 7
2 ,0 6 5,88 6
7 ,9 5 1,60 3
9 7 1 ,4 2 6
4,961
12,012
82,1 32
7 8 0 ,9 2 4
1 ,241,134
1,386,661
1 70 ,31 9
6 ,9 8 7 ,5 8 2
8.051
* 18.3 06
4 .5 5 2 .6 0 0
2 ,9 5 8 .9 3 3
2 0.8 60
51,862
206 ,63 3
65,010
32,444
3 ,811.433
8 01 .12 3
786 ,06 0
1 2 ,3 92 ,4 8 7
1,640,051
752 ,64 2
1 ,5 9 3,00 5
821,281
11,8 08 ,3 1 8
9
7 8 5 ,7 2 6
1 3,518,151
3 ,0 5 4 ,0 2 6
6 60.139
1 6,5 72 ,1 7 4
1 31.822
2 6 ,9 8 0
6 ,1 1 9.10 9
2 ,0 2 3,41 7
8,1 4 2,52 6
9 82 ,03 5
4,761
12.8 87
7 2 ,5 9 2
743 .69 4
l ,1 6 i,7 3 7
1 ,4 5 2 ,4 3 4
166.176
7 ,4 3 5 .5 »7
6,437
18.1 17
4.385,511
3 ,0 6 1,79 3
19,4 80
5 0,7 16
197 ,77 8
54,0 99
24,-7 48
3,4 9 5,80 3
7 0 8 ,24 8
666 ,14 7
12,087,569
1 ,4 7 6,39 3
7 28 ,87 9
1 ,7 0 6.91 8
9 2 5 ,8 2 6
1 1,447,340
9.012,904
519,717
5 ,666,635
1,973,81*
711 ,56 2
20,124
266 ,29 8
1 ,5 3 0,21 6
676 ,66 5
545 ,84 6
2 12,5.-* 9
197,077
3 ,1 6 2 ,3 4 4
5,956
82,151
4 ,3 0 ?
382,103
9 ,3 5 7,16 8
4 7 4 ,09 7
5 ,3 5 3 ,7 9 2
2 ,0 1 5,50 5
699 ,76 3
19.0 23
24 8 .306
1 ,5 7 9,36 9
6 7 3 ,09 0
4 7 3 ,32 4
2 3 2 ,7 5 2
2 0 7 ,2 1 8
3 ,1 6 2 ,8 4 3
6 ,1 * 6
7 0 ,1 3 6
4,598
3 5 6 ,8 8 4
5,028,201
611,939
1 2 9 .7 3 14,658
1 ,0 8 1.27 0
2 3 3 ,4 3 6
6,6 0 o
2 6 4 ,4 6
6 9.1 00
3 ,3 0 0 ,2 2 124,511
1 5 8 ,29 2
4 4 4 ,9 24
7 2 0 ,09 7
55,901
2 ,2 3 0 ,4 * 5
3 1 5 ,35 5
137 ,66 8
5 3 ,6 9 7
494,741
1 ,6 9 7,71 3
1 ,1 5 2 ,3 6 3
2 7 ,2 1 5
33L.804
4 9 0 .5 2 6
83,2 80
2 83 ,33 1 ,
6,. 89
8 9 3 ,1 0 5
l8 l,t )0 2
81,0 40
1 ,1 5 6.96 4
7 .3 9 7 ,2 5 4
1,3 '8 ,0 6 6
4 0 1 ,77 4
5 ,2 3 S54.8
6 64 ,26 6
1 2 2 ,8 5 0
8.617
9 84 ,41 8
191,841
6 ,4 6 0
2 5 5 ,3 7 8
6 6 ,2 4 >
3 ,2 1 6 ,1 4 8
1 29,938
1 2 1 .90 6
431 ,08 1
7 4 5 ,8 5 9
37,3 08
2,3 5 4,+ 4 9
2 7 2 ,8 1 2
1 2 9 ,76 2
41,5 67
464 .09 1
1 ,6 8 7,99 1
1,1 8 4,87 7
8,226
1 1 5 .16 4
4 3 0 ,4 2 9
2 5 ,4 9 2
2 47 ,7. 9
8 ,1 5 9
9 1 4 ,6 1 7
1 8 2 ,5 1 0
9 1,1 32
1 .1 8 8 257
7 ,* 4 4 ,4 2 0
1 ,5 1 1,43 0
4 3 2 ,9 9 3
3 ,7 1 4,11 5
294,61-4
3 8 4 .05 3
3 ,8 5 0 ,4 5 0
289 ,83 6
3 5 7 ,03 3
230 ,62 2
A lle g h e n y Y a i. A p ril
A tc h .T .& S . Fe* Od wk M ay 7 9 7 ,08 3
St. L . 6c San F 3d wk M ay
165,562
Col. M idlan d 4th w k A p r
5 0 ,7 4 5
A g g . t o t a l ... 3(1 w k M ay
9 6 2 ,64 5
A tlanta& C har.a F ebruary
69,189
A tla n ta & F lo r ’ a A p r i l . . . . .
5,711
B .& O .E astL ines A p r il........ 1 ,523.469
W estern L ines A p r il........
4 99,403
T o ta l............. A p r il......... 2,022.871
B al.& O .S outhw 3 d wk M ay
4 6 ,1 0 0
B a th & H a in ’ nds M arch.
1,701
B ir. & A tla n t ic .. A p r il..
3,228
B ir.S b .& T en n .R A p r il..
16,901
B ro o k ly n E le v .. 3 o w k M ay
39,4 87
B u ff.R och .& P itl 3 d w k May
66,631
B u r.C .R a p . & N . 2d w k M ay
69,218
C am den & A t ! .. A p ii l .........
51,3 50
Canadian Pacific 3d w k May
344,000
Car.C um .G & C h. F eb ru a ry .
4 ,2 6 3
Car. M id la n d .... A pril
2,609
C entral o f N. J .. A pril
1 ,164,473
Central P a cific. M a rch ....... 1 ,0 8 2.70
C entral o f S. C. F e b r u a r y .
11,025
C har.Cin.& Ckic. A p r il.......
9.500
C harlest’n& Sav M a rch .......
70,6 38
Cbar.Sum .& No. A p ril.........
9.500
C h era w .& D a rl.. M arch.......
10,683
Cbes. & O h io .. . 3d w k May
1 94 ,06 6
Cbes. O. & .S .W . A p r i l ___
1 8 " , 955
C bic. B ur. & No A p ril.........
2 70 ,58 3
Chic. B ur. & Q. A p r il......... 2 ,990.399
C h ic.& E ast. 111. 3d w k May
9 5 ,2 2 3
C h ica go & E rie. M a rch .......
2 91 .49 2
C hic. Gt. W esth) (i 3w k May
74,906
C h .J .R .& U .S .Y . A p ril..........
1 8 3 ,6 8 "
C k ic.M il.A St.P 3d w k May
5 60 ,88 9
C h ic.& O h io R iv . 2d w k M ay
2,204
C hic. A N ’ tliw ’ n A p ril . . .
2 ,305,607
C h ic .P e o .A 8 .L t 3d w k M ay
24,031
Cliio. R ’k 1.6c P .. A p ril..
1.393,052
C hic.St.P.M .& O M aich,
7 i8 ,5 5 9
C bic. & W . M ich 3d wk May
3^,796
Cin. Ga. 6c P orts A p ril.........
5,274
Cin. J a ck & M a c. 3a w k May
11,811
Cin. N. O .& T .P 3d wk May
71,587
A la . Gt, South 3d w k May
27,835
N. Orl. & N. E, 3d w k May
22,7 83
A la . 6c Vicksb. 3d w k M ay
8,408
V ick s. Sb. <scP 3d w k May
6 ,104
E rlan ger Syst 3d v k May
136,714
C inn. N o rtb w ’ n. A p ril.........
1,612
Cin. P orts. & V. A p r il.........
24,509
Col. & M aysv A p ril.........
1,253
C lev.A kron & C o. 3d w k May
19,318
C lev. Can. 6c So A p ril.........
85,0 00
Cl. C in.Ck.& S.L. 3d w k May
257 , =>30
P eo. & E a st’ n. 3d w k May
31,711
C lev. & M arietta ■«d w k Mil)
6,111
C ol. N ew b. & L. F ebruary .
7,521
C ol. H . V. & Tol. A p ril.........
2 7 7 ,95 2
Col. Shaw nee &H 4 th w kA pr
16,976
C olusa & L a lce.. A p ril..
1,383
C onn. R iv e r ....... March,
97,7 42
C urren t R iv e r. 3d w b May
2.199
D e n v . 6c R io G r 3d w k May
162,700
D es. M .N o. 6c W A p r il.........
29.8 69
B e t.B a y C .& A lp A p ril.........
40,1 39
D e t.L a n s ’g&No 3(1 w k May
20.6 33
D u lu tkS.S .A A tl - d w k May
4 2 ,7 0 2
D u lu th & W inn. M arch.......
22,677
E .T en n .V a.& Ga 3d wk May
9 3 ,4 "
E lg in . Jol.& E asi A p ril........
78,1 68
E v a n s & In d ’pln- 3d wk May
7,108
E va n s. 6c R ic h .. 3d wk M ay
3 ,7 0 6
E v a n sv . 6c T. 11. 3d wk May
2 4 ,6 4 4
F itch b u rg ___ _
M a ich .......
6 5,281
F lin t 6c P.M arq. 3d w k May
5:1,252
F lo re n c e .............. F e b r u a r y .
16,336
F t. W. <fe R io Gr A p r il.........
52,7 52
G eorgia R R ____
87,602
.........
G a. Car’ ia A No F e b ru a ry .
4 3 .8 7 0
G eo. So. & F la . . . ....................
A p r il___
61,7 77
G e o rg e t’n 6c W’n iF e b r u a r y .
3 ,2 1 0
G r .R a p .& I n d ... 3 d w k M ay
4 8 ,0 7 4
C in .R .& F t W. 3d wk May
9,154
O ther lin e s .... 3d w k M ay
5.075
T otal all lines. 3d w k M ay
62,3 02
G ran d T ru n k ___ Wk M ay27
3 67 ,61 5
Chic. A Gr. Tr. W k M a y 2 0
66,7 04
D et.G r.H .& M. W k May 20
20,6 26
G reat N orth’ n—
St. P . M. 6c M. A p r il......... 1,018,274
E ast, o-------—
f Minn A p r il..........
57,031
M on ta n a Cent A pri 1.........
98,3 53
212 ,18 3
765,13
165 ,00 5
58,06
9 2 0 ,4 4 2
71.262
6 ,2 3 6
1 ,560,392
494,561
2 ,0 5 4,95 2
45,6 29
1,776
3,598
16.069
36,788
60,64'
6 4 ,1 7 6
53,977
3 77 ,00 (
3 ,902
3.045
1,0 9 6,64 3
1 ,109,597
10,698
9,877
65,487
9 ,153
8 ,7 2 5
165,851
1 7 2 ,99 0
169,188
2,7 5 7,62 8
8 0,7 70
255 ,37 5
76,378
203 ,84 3
4 7 0 ,19 9
1,223
2 ,356,214
18,513
1,336,421
747,87
34,465
5,361
12,293
70,5 26
2 7 ,2 0 8
19,691
7,98b
5,894
1 3 1 ,30 8
1,759
20,052
1,612
20,512
6 3,9 7
2 35 .50 5
33,023
5,845
4,855
280 ,35 4
14,932
1,695
93,154
2 ,804
154,300
29,556
29,138
20,729
4 5 ,0 8 9
14,675
99,741
68,559
6,621
2 ,5 0 ;
2 2 ,2 8 6
599,419
4b,533
5.262
46,153
1 05,093
13,3 40
53,9 22
4,05u
41,971
8 ,c5 3
4 ,5 2 7
55,1 51
365,451
68,671
2 0 ,4 2 5
8 9 6 ,90 6
9 8 ,5 6 3
86,0 72
Jan. 1 to L atest D aU .
oads.
W eekor Mo\
and;
[V ol . LVL
1893.
1 892.
1893.
1892.
G r.N o r.~ (C o u .) I
I
$
T
T o t. s y s te m . A p r il......... 1,17.3,658 1,081,541 4 ,3 9 2 ,7 8 2 4 ,4 9 7 ,3 1 0
G .B a y W .& S t. P. M a rc h .......
45,042
1 2 1 ,3 4 2
Gr. P .W al. & B r. F e b ru a ry .
1,677
‘ T ,5 5 1
3,093
” 3 ,2 1 4
G u lf & C h ica go. A p r i l ........
2,862
2 ,4 3 4
13,6 89
1 2 ,2 0 2
H a r t s v ille ....... F e b r u a r y .
1.817
1,645
3 ,4 2 9
2 ,6 1 9
H oos.T uD .& W il. M a rch .......
3,137
2,783
8 ,253
7 ,9 2 8
H u m est’ n&Shen A p ril.........
9,000
1 0 .2 6 6
46,0 62
5 0 ,5 4 4
H u tch .& S ou tli’ n A o r i l .........
5,098
4,524
2 1. 26
1 8 ,5 1 2
Illin o is C en tra l. A p r il......... 1,479,53*
1 ,410,30
6 ,1 4 5 ,4 5 9 6 ,0 5 1 ,9 6 9
In d .D e c.A W est. A p r il.........
3 0 .H o
31,7 00
144 ,42 2
1 5 9 ,3 9 8
In .& Gt. N orth ’ n 3d w k M ay
73,073
57.861 1 ,5 9 8,86 1 1 ,3 0 8 .0 3 2
U n te ro c. (M e x .j W k M a v l3
43,234
38,1* 0
8 *6, 96
7 1 8 ,4 2 9
I o w a C en tra l. . 8 d w k M a y
3 9 ,2 4 8
34,3 85
698 ,90 6
6 9 5 ,7 2 4
Iron R a ilw a y .
\ p iil..........
3,50<
2,985
13,158
1 0 ,2 9 0
K anaw h a& M ich 3d w k M ay
7 .1 3 5
8 ,6 6 b
1 3 5 .64 3
1 3 9 ,1 4 3
5,380
Kan C. Cl. & 9 p . 3 d w k M ay
4 ,' 8 1 3 4 ,0 2 0
1 1 8 ,2 3 7
K.C F .S .& M e m - 3d w k M ay
7 3 ,9 8 0
78,841 1,9 6 5,52 7 1 ,8 9 8 ,0 7 4
K .C .M e m .& B ir. 3d w k M ay
1 4 ,b l3
4 3 8 ,9 7 6
17,9 29
4 2 1 ,3 4 7
K. C. P itts. & G. A b r il.........
5.145
4.251
27.42
1 7 ,1 9 3
K an.C. Sub.B elt A p r il.........
13.751
4,08i6 0,3 86
1 6 ,4 0 9
K an.C.W y.& N W A p r il.........
26,451
2 7 .5 8 6
1 1 3 ,56 5
1 1 3 ,5 7 7
K eoku k & W est 3 d w k M a y
6,042
5 ,7 2 .
143 ,86 0
1 5 1 ,3 5 9
6 .8 6 f
L . E rie A ll. & So. A p r i l .......
5.428
2 8,1 57
2 6 ,6 7 5
L. E rie 6c W e st.. 3d w k M ay
5 7 ,7 5 2 1 ,3 7 4.62 0 1 .2 5 8 ,2 9 5
L ehigli & H u d .. A p r il.........
46,121
3 0 ,8 0
166,886
1 1 6 ,6 1 9
91,2 40
•83,-64 1 ,3 0 4.69 3 1 ,2 8 0 ,2 3 0
L one Isla n d -----3 d w k M a y
34.8 32
38,6 17
L o u i-.& M o .R iv . M a r c h .....
9 8 .7 7 1
1 0 6 ,7 3 0
L ouis E v.& S t.L . 3d w k May
3 6 ,1 6 7
2 1 ,0 i9
7 3 6 628
4 8 3 ,1 7 9
385,62Louisv .A N a sk v . dd w k May
3 9 3 ,54 0
8.439,344 7 ,9 1 5 ,5 4 4
61,099 1,1 7 5,90 3 1 ,1 2 3 ,1 1 5
L ou is.N .A .& Ch 3d w k M ay
66.104
L o u .S t.L .& T e x . 3 d w k M a y
10,506
2 3 7 ,2 5 c
10,645
2 4 0 ,6 5 3
M acon & B irin.. A p ril.........
6 ,2 0 t
4,132
2 3 ,1 8 3
2 4 ,8 5 1
1,721
1,290
M an ekes & A u g . F ebruary .
3,044
2 ,3 3 3
M a n is u q u e .. . . A p r il.........
10.862
10.17T
49,7 96
5 0 ,6 8 2
22,0 80
23,001
M em phisAC kas. 2d w k May
5 7 1 ,5 4 4
5 3 1 ,3 0 8
JM exican C enr. 3d w k M ay
1 46,864
1 6 1 ,0 0
3 ,1 30,4&e 2 ,9 6 5 ,0 0 9
1 6 5 ,8 0
377,918
11 ,856
M e x ica n I n t e i’ l F eb ru a ry .
2 4 7 ,2 7 9
87,868
69,178 1 ,7 4 6,64 9 1 ,5 3 4 ,3 7 7
iiUex. N a tio n a l. 3d w k May
5 3 .4 0 8
tM exica n R ’ w a j Wk M a y 13
61.4 25 1 ,1 8 2,48 2 1 .2 1 9 .5 2 5
39.408
M ilw a u kee & No 3 d w k M ay
6 40,844
30,998
6 0 2 ,1 7 8
M in eral R a n g e . A p r il.........
9,23b
11,234
33.53S
4 3 ,4 6 8
124,071
Min neap.& St. L . A p r il.........
140 .31 b
537 ,51 5
5 9 2 ,5 0 6
M.
S t.P . & S.S.M , 3d w k 57,0
May15
4 5 ,2 3o 1 ,101,416 1 ,0 6 2 ,9 0 3
1 99.139
M o .K a n .& T e x .. 3 d w k M a y
161 ,25 0 3 .5 1 1 ,6 6 6 3 ,1 1 5 ,1 6 3
4 51 ,00 0
M o.P ac.A Iron M 3d w k May
3 59 ,00 0 9 ,9 4 5 ,6 7 0 9 ,6 0 6 ,0 5 9
4,734
M obile & B ir m . 2 d w k M a y
4 ,338
M obile «fe O h io. A p ril.........
250 ,15 7
25 ,687 1,113,794 1 ,1 3 8 ,4 8 4
84,814
M o n t.A M e x .G if M arch____
5 6 ,4 8 2 5 1 ,98 8
2 2 1 ,6 5 2
3 86,340
Nash C li.& S t.L . A p r il........
410,964 1 ,660,724 1 ,6 6 3 ,0 4 7
2.264
N ew O rl.& S o’ n. 4th w kA pr
3,336
42.997
4 5 ,1 0 3
2 3, , 8 :
N. J e rs e y & N .Y . M arch___
21,977
65,758
6 4 ,0 1 2
N .Y .C .& H .R -----A p ril............ i.7 6 5 035 3,635.848 1 4.4 7 1 ,8 9 5 1 4 ,0 4 0 ,4 0 7
N. Y . L. E & W A p r il......... 2,3 8 ,0 6 2.495,235 9.3 L8,059 9 .4 3 2 ,9 0 8
665,978
N.Y.Pa.<x O h io .. March.......
5 8 7 ,5 1 c 1,7 2 6,69 6 1 ,6 6 5 ,6 7 3
N. Y .& N .E n g .. M arch.......
1 ,4 4 0,10 5 1 ,3 6 0 ,8 8 5
N.Yr.A N orth ’ ll.. A p r i l ___
4 9 ,5 4 4
182 ,05 4
40*463
1 5 1 ,5 8 7
69,9 3 k 1 .3 i 0 ,4 1 4 1 ,1 4 8 ,3 0 9
N. Y . O nt, & W .. 3d w k May
67.688
N.Y,Sus<i. & W . A p r il..........
1 13,728
134 ,93
4 9 7 ,81 9
4 8 3 ,4 9 1
43,414
N o i l . ooU th’ n A p ril.........
43,6 64
139,651
1 4 0 ,6 9 4
N o rfo lk 6c W est. 3d wk Ma.\
2 2 9 ,4 3 0
189,< -6
3,9 8 9,91 7 3 ,5 9 3 ,4 9 2
76,4 26
N’ tkea st’ n (S.C.) F ebruary .
137,662
70,597
133 ,14 1
5 6 7 .1 4 0
N o rih ’ n C e n tra l. A p ril.........
5 4 2 ,28 2 2 ,2 3 1 ,1 5 0 2 ,2 1 2 ,3 1 8
N ortlieriiP acitii 3d w k M ay
368 ,37 9 6,9 2 1,36 b 7 ,7 4 8 ,8 4 2
4 1 -.2 3 3
W i8.C t. Lines. 3 d w k M aj
8 6 ,7 6 3
96,.; 83 1,8 0 5,59 5 1 ,9 7 1 ,8 1 8
4 64 ,96 2 8 ,7 2 6,96 4 9 ,7 2 0 ,6 6 1
N .P .A W.Ceui 3d w k May
5 0 4 ,9 9 6
Ohio & M iss....... A p ril..........
3 2 5 ,9 0 0 2 9 7 , S73 1,4 0 7,97 7 1 .3 2 8 ,4 5 9
O hio R iv e r ......... 3 clw k M a y
17,1^5
14,678
2 3 4 ,9 8 2
284.381
O hio S o u th e rn .. A p r il.........
5 4.3 82
4 5 ,5 2 8
2 5 1 ,7 9 4
2 1 8 ,9 5 2
Om aha A St. L .. .M arch.......
5 2,1 24
1 55 ,57 4
4 5 ,4 i0
1 4 8 ,6 1 1
O r e g o u lm p . Co A p i i l .........
3 3 0 ,7 0 5
3 0e,3 3o 1 ,1 8 9,75 6 1 ,1 6 4 ,4 0 8
P ad.T enn . A A la A p r il........
18,163
2 7,8 05
106,039
4 9 ,8 9 3
12,562
le n n . M id l’ d .. A p ii l.........
16.9 40
75,2 38
5 2 ,4 2 2
P e n n sy lv a n ia ... A p ril......... 5 ,895,492 5,7 4 6,73 0 2 2,041,66,- 2 1 ,4 2 3 ,3 7 2
15,527
P e o ria D e c.A E v 3d w k M ay
13,294
3 2 8 ,06 3
3 0 9 ,3 2 8
P etersbu rg......... A p r il..........
5 3 ,8 4 5
193,787
53.166
1 9 2 ,4 7 2
343 ,93 4 1,044,167 1,05 7,895
P uila. 6c E r i e ... M a icli.......
4 0 0 ,1 9 0
Pliila. A R ead ’ g . A p r il......... 1,8 3 9,97 5 1 ,7 0 1 ,4 4
7 ,0 3 6,12 8 7 ,0 3 8 ,0 2 3
C oal A ir . C o.c. A p r il......... 2 ,3 1 0,74 9 1,6 3 0,30 4 1 4,2 5 1 ,2 3 4 6 ,0 9 1 ,3 3 9
T otal b oth Cos. A p r il.......... 4 ,1 5 0 ,7 2 3 3 ,3 3 1 .7 4 * 2 i,2 8 7 ,:- 61 1 3 ,7 2 9 ,3 6 1
L e h ig h V alley. M a rch ....... 1 ,551,629 1 ,3 0 6,13 3 4 ,1 8 9 ,2 4 4 4 ,0 2 7 ,8 1 2
Pitts. M ar. A Cli. A p ril.........
3 ,3 5 7
3,553
13,494
13,9 42
P itt.SbeD .& L .E . A p r il.........
33,3 18
2 -,4 3 8
116, 93
1 1 3 ,7 1 3
P ittsb . & W est
A p r il.........
1 3 9 ,19 9
119 ,36 9
4 6 6 ,6 1 7
4 4 4 ,7 6 1
P itt*. C l.& T o l A p r il.........
69.919
2 4 2 ,6 t 2
5 2 ,9 3 5
1 8 7 ,2 2 7
34,4 57
P itts. P a . A F. A p r il.........
3 2 .1 6 6
9 3,7 99
9 1 ,3 7 2
5 4 ,7 o 2
T o ta l system .. 3 d w k M a y
4 4 ,2 3 3
9 6 9 ,9 5 8
8 5 6 ,0 6 3
1 1 3 ,16 4
P itt. Y ou n g . A A . A p r il.........
122,365
3 6 1 ,2 4 2
3 9 4 ,2 6 5
Pt. R o v a l A A u g . F e b ru a ry .
43,6 7b
3 3 ,4 <1
7 4 ,0 8 9
5 4 ,6 7 8
Pt. R o y . AW . Car. F ebruary .
3 6 ,7 9 7
3 4 ,7 6 3
6 7 ,7 9 6
5 4 ,0 8 9
2 1 ,1 2 3
Q u in cy O A K .C . At n l .........
2 1 ,7 5 8
87,807
9 3 ,4 1 3
R ich. & D a n . sys.i M a r c h ....... 1 ,1 0 3 ,7 2 0 1 ,0 5 9,60 0
3 2 ,b 7 7
~ ' •47R ich. A P eiersb. A p r i l .......
32,0
119 ,52 8
1 1 6 ,1 2 4
1 6 ,4 2 4
15,3 16
R io Gr. S outh’ n . 4th wk May
2 5 0 ,74 6
2 2 5 ,7 7 4
4 3 ,3 0 0
R io G r. W est’ n .. 3d w k M ay
8 08 ,97 2
47,500
8 8 3 ,5 4 7
10,0 24
9 ,2 4 ?
S ag .T a seoia A H .j A p r il.........
37,3 05
3 1 .2 5 4
8,514
8 a g .V a l. & 8 t. L .1M a rch .......
7 ,547
21,9 18
2 0 ,8 8 8
2 b ,760
St. L. A . & T. H. 3 d w k M ay
2 0 ,7 6 0
6 2 0 ,0 3 3
5 3 4 ,2 3 5
2 ,0 1 5
1,80
S t.L .K e u ’ etA S o. A pi i l .........
81.1 00
S t.L .S ou th w ’rn . 3 d w k M a y
6 9 .6 0 0 1 ,9 7 3 ,3 5 2 1 ,5 6 6 ,9 9 7
1 3-----7 ,4f1 8
S t.P a u lA D u l’ tk A p r il.........
1 3 6 ,0 5 2
5 11 ,97 4
5 3 8 ,9 0 8
S an d ersv .A Ten. A p r il.........
379
314
2,223
S .F ra n .A N .P a c. 3d w k M ay
14,7 53
15,0 08
277 .51
2 6 8 3 )7 4
171,967
S av. A m . A M on. A p r il.........
3 9 ,6 4 3
3 8 ,3 1 7
1 4 7 ,7 2 9
8 a v .F la . & West. IM a rc h .......
2 8 4 ,3 9 9
2 8 8 ,8 4 4
842,977
8 9 6 ,9 4 7
S ilv e it o n ............. 'A p i i l ..........
N il.
24
7 ,913
7 ,0 2 8
S iou x C ity & N o. |A p r il.........
2 6 ,0 0 0
121 ,40 2
2 5 ,0 8 1
1 2 7 ,1 2 3
S outh B o u n d ___ 'A p r i l..........
15,000
12,000
78,81
5 1 ,9 5 5
506 ,57 4
S outh C arolin a.. A p r il.........
85.4 00
9 0 319
4 8 1 .7 1 7
S outhA N or.Car. F e b ru a ry .
2 ,2 6 1
1,616
3,307
2 ,6 5 9
So. P a cific C o.— I
3 7 0 .8 2 4 1 ,4 9 9 ,2 0 3 1 .4 0 3 .5 2 6
G a l.H a r.& S .A A p r i l .........
3 7 1 ,74 1
68,9 9b
3 9 2 ,13u
L o u is ’ a W e s t .. A p r i l ..........
8 4 ,2 8 2
3 4 1 ,9 7 5
3 67,469 1 ,7 o 6 ,6 9 0 1 ,6 4 7 ,7 0 2
M orga n ’ sL A T . A p r il.........
4 0 6 ,7 6 9
N .Y .T . 6c M e x . A p ril.........
23,6 93
7 1 ,4 4 5
1 9 , 0 u4
6 5 ,2 0 0
1 2 1 ,5 -4
T e x . A N . O r l . . A p r i l .........
1 4 9 ,2 6 2
6 3 0 ,3 9 0
5 3 4 ,3 1 2
9 5 3 ,6 7 2 4 ,4 U , 665 4 ,f'4 0 ,7 7 9
A tla n t ic s y s .d . A p r il..........1,<-44,724
P a cific system A p r il......... ^ .S S .- '^ O 2 ,7 9 8 .9 4
1 0,5 75 ,1 7 9 1 0 ,3 0 7 ,7 8 4
T otal o l a i l . . A p ril
3 ,9 t 0 ,2 0 4 3 ,7 5 2 ,6 2 0 1 4 ,9 8 9 ,8 4 4 1 4,3 4 8 ,5 6 3
C oastD iv(C a l.) M a rch .......
1 7 5 ,15 4
164,687
5 0 0 ,5 7 0
4 4 5 ,0 9 6
S o u .D iv . (Cal.) M a rch .......
6 3 4 ,3 9 8
6 1 3 ,"9 9 1 .9 2 5 ,6 ?3 1 ,7 2 3 ,6 7 4
A rizo n a D i v . . M a ic h .......
5 4 3 ,1 6 9
1 77 ,65 8
15o,78i>
4 5 8 ,1 5 3
N e w M e x .D iv . M a rc h .......
9 1 ,6 5 6
81,453
268.57 5
2 4 4 ,1 5 5
Spar. Un. & C ol.. F e b r u a r y .
9 .4 6 3
1 0,0 84
1 8 .9 4 3
1 8 ,0 9 2
Sum m it B ra n ch . A p ril..........
1 0 8 ,3 5 0
1 0 9 .4 9 6
4 3 0 ,7 2 1
4 2 3 ,3 5 8
Ly kens V alley A p r il.........
9 3 ,7 6 4
8 5 ,6 t 1
3 1 8 ,3 7 8
3 r3 ,0 > 8
T o P lb o th C o’ s A p r il.........
2 02 ,1 L3 1 9 5 ,1 0 7
7 4 1 ,7 3 6
7 8 3 ,8 0 7
THE CHRONICLE.
J une 3, 1833.]
■■■
L a test E a rn in g s Reported.
921
J a n . 1 to L a test Date.
------Groan E a rn in g s.------. ------ ATel E a rn in g s.------.
1 89 3 .
1 89 2 .
1 893.
1892.
H oads.
$
$
*
»
Clilo. B url. & Q u in ..b A p r. 2 ,9 9 0 ,3 9 9 2 ,7 5 7 ,0 2 9
7 2 4 ,3 6 6
6 8 3 ,6 6 3
$
$
$
J ail. 1 to A p r. 3 0 ....1 2 ,3 9 2 ,4 8 7 1 2 ,0 8 7 ,5 9 9 3 ,6 1 1 ,9 1 8 3 ,8 8 1 ,3 7 1
7 1 .5 0 2
7 1 .2 6 0
S taten Tsl. R . T. A p r il..........
2 4 8 ,2 6 9
2 4 5 ,7 6 9
1.727
1,594
S to n yC l.& C M t.. M arch........
1 8 8 .68 7
2 0 3 ,3 1 3
3,942 Cli.J u n. R& U.3’ k. Y d s. A p r
4 ,3 8 3
l i t . 720
1 3 3 ,5 3 8
1 0 2 ,61 4
8 4 ,5 8 2 2 ,5 7 0 .7 9 5 2 ,3 9 8 .4 2 9
T e x a s & Pacific. 3d wlr May
J a o . 1 to Ain-.3 0 ___
8 2 1 ,2 8 1
9 2 5 ,8 2 8
5 2 5 ,2 6 1
6 4 1 ,0 6 1
4 ,5 7 6
3 ,4 2 6
T ex.S.V al& N .W A p ril ........
15.096 C hic. M .& S t. P a u l., a A pr. 2 ,6 1 4 ,6 5 3 2 ,4 2 8 ,0 1 7
18.181
7
8
3
,0
6
0
6 9 7 ,7 0 6
26,5 77
T o l. A. A .& N .M . 2d w k Apr.
19,6 55
3 3 9 ,00 4
2 8 0 .2 6 5
J an . 1 t o A p r. 3 0 . . . . 1 0 .0 6 7 ,6 1 2 9 ,s 9 4 ,0 7 8 2 ,8 9 0 .0 5 1 3 .0 3 5 ,2 4 7
39 86*
3 2 ,5 0 0
T o l. <fcO hio Cent* 3d w k M ay
6 51 ,71 5
746 ,11 1
J
u
ly
1
to
A
p
r.
3
0
....2
8
,6
8
6
,7
8
2
2
7
,4
4
7
,1
1
1
9
,7
4
3
,7
5
8
1
0
,0
9 4 .1 4 5
19.867
18.0 40
T ol. F . <fc W e st.. 3d w k May
3 7 9 ,2 2 9
358.871
2 6 5 .8 7 5
2 6 7 ,8 8 6
3 0 .6 5 0
29,511
T o l.S t .L .& K .C . 3d w k May
7 6 4 .6 4 6 C ley.C in.C . & St. L .a .A p r . 1,1 0 8,97 1 1 ,1 1 3 ,6 7 6
6 68,97*
Jan
.
1
to
A
p
r.
3
0
.
.
.
.
4
,2
8
0,07
6
4
,4
9
9
,5
,2
9 1 1 .4 3 5 1 ,1 4 8 ,2 1 9
2.177
2 .0 5 8
T o l. & Bo. H a ven A p r il.........
7 .8 3 7
6,641
J ills' 1 to A p r. 3 0 ....1 2 ,2 7 6 ,1 9 7 1 2 ,2 4 4 ,6 3 9 3 ,0 5 3 ,2 2 5 3 ,5 2 7 ,2 1 2
3 3,2 88
U lster & D e l . . A p r il.........
3 1 ,7 2 9
1 03 ,50 0
1 0 1 ,1 5 7
U n ion P a cific—
P eoria & E a s te rn .a A p r, 1 38 ,43 9
1 39 .21 0
1 6 ,5 0 6
3 3 ,0 0 7
5 1 0 ,0 0 5
O r.S.L . & V. N. M a rch .......
555,691 1 ,3 2 6.03 8 1 ,4 8 7,89 6
J an . 1 t o A p r.
3 0 ....
5 2 3 ,3 3 5 5 7 0 ,6 7 4 5 6 ,4 5 3
1 5 9 ,7 4 6
3 3 1 ,0 2 2
O r.R y. & N .C o. M a rch .......
3 26 ,20 8
8 8 3 ,3 9 3
J u ly 1 t o A p r. 3 0 . . . . 1 ,1 5 0 ,2 6 8 1 ,5 5 6,46 6
869 ,46 4
2 6 1 ,6 6 7
4 1 3 ,9 8 1
4 34 .55 9
U .P a o .D .& G . M a rch .......
4 3 5 ,8 3 3 1 ,3 8 3 ,8 1 0 1 ,2 7 0 ,7 8 3 C olu ni S h a w .& H o ck .A o i’.
5 2 ,4 7 7
4 6 .7 2 4
1 1 .6 7 5
9 ,8 5 9
3 0 .4 4 2
S t.J o .& G d .Isl. 3d w k May
19.298
4 2 0 .6 6 7
4 7 6 ,0 9 6
Jan . 1 to A p r. 3 0 ___
2 3 3 ,4 3 6
1 9 4 ,84 1
7 5 ,6 8 7
4 5 .1 7 8
A ll o th e r lines. M arch. .. 1,6 8 6,70 5 1,737,407 4 ,9 4 6 .4 1 6 5 ,0 5 0 ,0 5 8
6 5 8 ,8 2 4
J u ly 1 to A p r. 3 0 ___
5 9 5 ,4 1 7
2
5
8
,0
5
9
2
0
6
,1 1 4
T ot.U .P .8y 8. u a r c h ........ 3 ,0 “ 0,501 3,1 4 3,90 5 8 ,8 5 8 ,6 0 9 8 ,9 7 0 ,4 8 4
1 7,4 22
16,108
5, 53
6 ,7 3 9
110,626
106.324
C en t.B r.& L .L . M arch.......
3 1 7 ,8 7 3 C urren t R ir e r ............ A p r.
3 0 4 ,8 0 3
6 2 .4 6 2
J an . 1 to A p r. 3 0 ___
5 6 .7 0 3
1 6 .9 2 3
1 9 ,9 4 5
67,033
M on ta n a U n .. Ma» c h .......
9 0 ,2 6 8
2 7 3 .09 1
1 3 4 ,0 *4
J u ly 1 to A p r. 3 0 ___
1 7 2 ,8 6 7
1 4 1 ,9 3 9
0 6 ,5 3 5
6 1 ,4 5 1
2,124
L e a v . T o p . & 8. M a rch .......
2 ,1 7 0
6 ,4 5 6
6,847
M a n .A l.& Bur. M arch.......
3,419
3,427
6 5 2 ,8 3 4
Den. & R. G r a n i'c .li.A p r .
2 4 8 ,0 7 2
10,34 9
9 ,1 4 6
6 2 4 ,6 8 0
2 3 6 ,2 9 9
Gr*nd total / M a rch ....... 3 ,2 1 7,41 7 3 ,2 9 8 ,1 6 1 9 ,2 3 9 ,0 5 7 9 ,4 3 8 .7 0 4
J an . 1 t o A p r. 3 0 . .
2 ,8 0 3 ,5 2 3 2 ,7 5 1 ,7 4 8 1 ,1 5 9 ,3 9 3 1 ,1 3 1 ,1 2 1
16.698
V e rm o n t VaUey M arch.......
J....................
u ly 1 to Apr,
7 ,8 1 2 ,7 4 0 7 ,3 7 0 ,1 6 3 3 ,1 1 6 ,7 3 6 3 ,1 3 2 ,3 2 !
1 4 ,8 5 0
4 0 ,7 0 9
r. 3 0 ..
4 1 ,2 9 8
2 3 8 ,0 0 0
2 1 4 ,0 0 0 4 .9 2 1.65 9 5 ,0 6 4 ,2 5 5 K a n . C.Ciin. & S p r ...A p r .
W a b a sh ............... 3d wk May
2 8 ,4 5 4
2 5 ,9 0 6
1 0 .1 1 3
8 ,6 1 3
W ab. Ches. & W. M a rch .......
7 ,3 6 7
5 ,5 7 7
2 3 ,0 6 9
16,991
J a n . 1 t o A p r. 3 0 . . .
120 ,33 1
4 3 ,5 6 7
1 0 2 ,6 7 3
3 4 ,1 6 0
125 ,87 8
1 2 ',9 2 6
W e st J e rs e y ........ A p r i l,........
4 2 5 .4 7 1
451 ,46 8
J u ly 1 to A p r. 3 0 ___
2 9 4 ,3 0 5
1 0 4 ,13 1
2 6 3 ,8 3 9
8 0 ,3 6 1
W .V .C en .& Pitts A p r i l .......
9 8 ,6 1 3
8 9 ,9 3 7
3 4 9 ,1 8 4
3 4 4 ,1 6 6
3 8 7 ,2 1 4
3 7 9 ,5 9 2
7 1 ,0 3 8
6 4 ,0 5 3
3 6 ,5 8 0
W e st V a.& Pitts. M a rch .......
2 5 ,1 1 4
6 4 ,5 5 7 K a n .C . Ft. S .fe M .......A p r.
81,9 71
Jan . l to A p r. 3 0 ___ 1 ,7 2 9 .8 3 2 1 ,6 0 3 .6 3 4
4 5 6 ,6 5 3
9 5 ,6 7 5
W est. M arylan d. A p r il.........
8 2 ,2 7 5
3 5 2 ,6 5 6
287,761
1
,404,913
J
u
l
j
1
to
A
p
r.
3
0
___
4
,2
4
1
,9
0
3
1
,2
3
0
,0
9
6
68,9 00
6 6 ,0 0 0 1 .3 5 3 .6 5 9 1 ,2 4 9 ,0 8 1
1 .3 8 3 1
W e st. N .Y . & P a . 3d w k M ay
W heel. & L. Erie 3d w k M ay
3 2,5 45
2 8 .3 3 9
K an.C . M em . & B ...... A p r.
8 1 ,1 7 3
3 .9 7 7 d e f.6 ,3 2 9
5 14 ,31 1
5 5 3 ,1 7 2
6 9 ,6 0 5
W il.C ka d .& C on . F eb ru a ry .
2 .007
1,98 4
4,741
J an . 1 to A p r. 3 0 ___
3 9 5 ,6 3 6
8 9 ,4 3 0
3 .8 3 2
3 6 5 .5 9 1
5 5 ,7 4 1
74,1 61
W il. C ol. & A u " F ebruary .
7 5 ,0 1 4
1 , 0 17,301 1 ,0 1 5,12 1
1 4 1 ,70 5
J u ly 1 t o A p r. 30
1 9 9 ,2 5 9
1 2 9 ,7 8 1
2 1 8 ,2 0 1
W rig h ts v .& T en . M a rch .......
6 ,6 0 0
6 ,2 0 5
K in g s Co. E le v a te d —
J an . 1 t o M ar. 3 1 . . . .
2 4 2 ,8 0 5
2 2 9 ,1 7 0
192 ,33 1
8 5 ,8 9 4
* I n clu d e s C olora d o M id lan d in 1 8 9 3 a n d 1 892 b oth fo r th e w eek and
th e y e a r to d a te .
L e h ig h V a lle y ........... M ar. 1 ,5 5 1 ,6 2 3
1 ,3 0 0 ,1 3 3
5 8 4 ,1 3 1
1 4 7 ,8 2 3
a F ig u re s c o v e r o n ly th a t p a rt o f m ile a g e lo c a te d in S ou th C arolina.
J a n l t o Mar. 3 1 . . . . 4 ,1 8 9 ,2 4 4 4 ,0 2 7 ,8 1 2 1 ,0 8 3 .3 0 7
5 4 2 ,7 4 0
b E a r n in g s g iv e n a re o n w h ole J a c k so n v ille S ou th ea stern S ystem .
D oe. 1 to M ar. 3 1 . . . . 5 ,9 4 9 ,7 9 9 0 ,6 3 8 ,0 1 7 1 ,6 7 2 ,7 8 0
9 4 3 ,6 7 2
c T h e bu sin ess o f th e L eh igh V a lley an d L eh ig h & W ilk esb arre d e L ouisv. & K a s t iv .9 -.A p r . 1 ,6 7 5 .5 0 3 1 ,6 2 6 ,0 2 7
4 8 2 ,9 6 3
4 6 9 ,0 8 7
p a rtm e n t s is in clu d ed in 1893. 1 1 nclud es e a rn in g s fro m fe rrie s , e t c .,
J an . 1 to A p r. 3 0 . . . . 7 ,2 4 3 ,2 5 4 6 ,7 5 0 ,0 7 4 2 ,5 0 8 ,7 1 2 2 ,2 7 2 ,4 6 7
n o t g iv e n sep a ra tely , J M e x ica n cu rre n c y , e T oL C ol. & Cin. in c lu d e d
J u ly 1 t o A p r. 3 0 ...1 8 ,9 2 3 ,1 8 3 17^811,847 7 ,0 2 0 ,0 3 4 6 ,2 8 4 ,9 3 4
f o r th e w eek and s in ce .Tan. 1 in b o th veara. / In clu d e s o n ly h a lf o f
2 9 1 .7 2 3
2 1 1 ,1 1 3
M e x ica n C o n tro l___ A p r.
7 2 5 ,2 7 9
6 5 9 ,8 4 9
lin e s in w h ich U n ion P a c ific h a s a h a lf in terest.
J an . 1 to A p r. 3 0 . . . 2 ,6 6 1 ,1 2 6 2 ,5 1 5 ,8 3 7
8 9 3 ,3 9 4
7 6 1 ,0 1 4
Latest Gross Earnings by Weeks.—The latest weekly M e x . I n te r n a tio n a l..F e b . 1 65 ,80 9
1 1 6 ,8 5 6
4 4 .6 3 3
3 5 ,9 1 9
J a n . l t o F eb. 2 8 . . . .
3 7 7 ,9 1 8
2 4 7 ,2 7 9
1 2 0 ,1 0 5
8 8 ,8 7 6
earnings in the foregoing table are separately summed up as
N .Y .L .E .& W e ste rn .cA p r. 2 ,3 7 8 ,0 6 5 2 ,4 9 5 ,2 3 5
*7 5 1 ,2 1 6
’ 8 0 9 ,1 0 2
follows:
J an . 1 to A pr. 3 0 ___ 9 ,3 1 8 ,0 )9 9 ,4 3 2 ,9 0 3 * 2 ,8 7 0 ,2 7 2 ’ 2 ,7 9 1 ,9 0 6
For the third week of May our final statement covers 76
.. i 0„ *5j(504 !l8 5 *5 ,5 0 4 ,4 1 5
O ct. 1 to A p r. 3 0 ....1 7 ,1 9 8 ,9 3 2 1 -----7,6 3--2 ,6
ICOADS.
Week o r Mo
1892-3.
1891-2.
1 8 9 2 3.
1 891-2.
roads, and shows S'80 per cent gain in the aggregate.
3d week o f M ay.
P re v io u s ly re p ’d <39 r’ d*o
A teh . T op . & 8. F e 8 y s ..*
St. L o u is & San F ra n ..
C h ica go & East. Illin ois..
C h ica go & G r. T r u n k ___
C in. N .O. & T e x .P a c.5 rds
C le v e . A k ron & Col lim b .
C lev . Cin. C hic. & St. L ..
C lev elan d & M a rietta ___
D e t r o it Gr. I la v . & M ilw.
D u lu th 8. 8. & A tla n t ic ...
E a st. T enn . V a. & G a .
F lin t & P ere M a rq u ette.
G ran d R a p id s & In d ia n a
C in cin n a ti R . & F t. W ..
K a n a w h a & M ich ig a n ___
K a n . C ity Clin. & Spring.
K a n . C ity F t. 8. A. M em ..
K an. C ity M em . & B irin
L ou isv ille St. L. <fc T ex a s.
M inn . St. P . & S . 8. M . . . .
St. J o se p h & G d. Is la n d ..
St. L ou is A lt o n & T. H .
Ban F in n . & N o. P a cific.
T o le d o P eoria <fe W est’ n ..
W estern N. Y . & P e n n ...
T o ta l i7S r o a d s ).. . ........
N et in crea se (8 '8 0 p .oo
1893.
1 89 2 .
$
$
4 .7 8 7.4S 9 4 ,3 6 2.18 7
7 9 7 .0 8 )
755,4 37
165,562
165,005
9 5,2 23
80.77<
6 6 ,7 0 4
68,671
1 3 6 .7 1 4
131 .30 4
19.318
2 0 .5 1 2
2 5 7 ,5 3 0
2 3 5 ,50 5
31,711
33,0 23
6,111
5,845
2,19 i
2 .8 0 4
2 0 ,6 2 6
20,425
42,7 02
45,<>S9
93.4 67
99,7 41
5 9 ,2 5 2
49,5 83
48.074
41,971
9 , 154
8,653
5 ,0 7 5
4 .5 2 7
34,3 85
7 ,185
8,663
4 ,448
5 ,3 8 o
7 3 ,9 8 0
78,841
1 4.4 3
1 7 ,9 2 9
6 .042
5 ,7 2 2
5 7 ,7 5 2
10,506
10.615
57,0 15
45,2.33
229 ,43 0
1 8 9 ,08 9
1 7,1 2 ■>
14,678
3 0 ,4 12
l b , 298
24,7 60
2 0 ,7 6 0
14,7 53
1 5 ,o0 8
1 8 ,0 4 0
19,8 67
6 8 ,9 0 0
6 6 ,0 0 0
7 ,3 3 2 ,0 0 1
6 ,7 3 3,48 5
............. 1
In crea se.
$
4 9 2 ,84 1
4 1 ,6 1 6
D ecrease
*
67,5 39
14,152
1 ,9 6 7
5 ,405
1 ,1 9 4
22,0 25
1,312
266
605
20
2 ,3 8 7
6 ,2 7 4
9 669
6,103
501
54S
4 ,8 6 .
1 ,478
898
4 ,861
3 ,6 1 6
3 20
8,201
139
ii.7 3 '
40,361
2 .447
1 1 ,1 4 4
8 ,0 0 0
255
1,827
2 ,9 0 0
6 86 ,06 1
5 93 ,53 6
9 2 ,5 2 5
—
* In clu d e s C olora d o M id lan d b o tli yea rs.
Net Earnings Monthly 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 C h r o n i c l e of May 20. The next will appear in the
issue of June 17.
,
Gross E a rn in g s.----- .,------1Vet E a r n in g s .1892.
1 89 3 .
1892.
-------1 893.
------R oads.
S
$
$
$
9 4 0 .4 7 0
A t. T . & 8 . F e ....... b A p r .i . 3 ,2 1 6 .0 8 4 3 ,0 4 8 ,5 1 8
9 5 3 ,9 4 3
J a n . 1 to A p r. 3 0 1 ... 1 2 ,5 8 9 ,9 3 8 1 1 ,4 8 0 ,0 4 4 3 ,0 9 3 ,8 7 6 2 .8 5 3 .1 5 5
J u ly l t o A p r. 3 0 !...3 4 ,4 1 7 ,8 0 3 3 2 ,0 3 4 ,2 0 3 1 0 ,3 4 7 ,6 9 0 9 ,6 6 1 .5 0 8
2 2 3 .6 7 4
8t.L .& S an F r.S y a .b A p r. 6 9 6 ,0 9 1
6 2 5 ,3 6 9
2 3 9 ,6 6 1
7 9 1 .2 0 7
J a n . 1 to A p r. 3 0 . . . 2 ,8 1 8 .8 >7 2 ,5 5 1 .7 7 2
8 3 7 ,4 0 8
J u ly l t o A p r. 3 0 . . . . 7 ,9 1 0 ,1 2 0 7 ,3 6 2 ,6 0 9 2 ,8 4 8 ,1 0 8 2 ,7 8 1 ,9 6 5
A g g re g a te T o t a l.b .A p r . 3 .9 1 2 ,1 7 6 3 ,6 7 3 .8 8 8 1 ,1 9 3 ,6 3 0 1 .1 6 4 ,1 4 5
J an . 1 to A p r. 3 0 ___ 1 5.1 0 3 ,7 9 5 1 4 .0 3 1 ,8 1 6
3 ,9 3 1 ,2 8 5 3 ,6 4 4 ,3 6 1
J u ly 1 to A p r. 3 0 ....4 2 ,3 2 7 .9 2 4 3 9 ,4 1 6 ,8 1 3 1 3 ,1 9 5 ,8 0 0 1 2 ,1 4 3 ,4 7 4
B uff. R . & P i t t s ..b . .. A pr.
3 2 1 ,6 8 6
2 3 5 .4 9 1
1 1 5 .0 7 8
9 7 ,9 1 8
J a n . I t o A p r. 3 c . . . 1 .0 4 1 ,4 1 4
9 3 2 ,7 9 0 2 3 4 .2 6 9
2 8 5 ,9 6 4
J u ly 1 to A p r. 3 0 . . . . 2 ,7 4 2 ,6 5 5
2 ,4 7 6 ,4 2 6 7 7 7 ,1 5 7
7 7 3 ,0 3 8
C an adian P a e lh c .a ..A p r .
4 ,5 9 9 .2 1 4 1 ,6 7 1 ,3 1 7
5 7 5 ,2 1 4
6 1 2 .6 3 2
J au . 1 t o A p r. 3 0 . . . .
5 ,9 6 3 ,5 3 2 6 ,3 2 6 ,5 8 7 1 ,3 3 7 ,3 5 3 2 ,0 5 0 ,3 1 1
C ent, o f N ew J e r s c y a A p r .
1 ,1 6 4 .4 7 3 1 ,0 9 8 ,6 4 3
4 2 7 ,8 2 6
4 2 1 .8 5 6
J an . 1 t o A p r. 3 J . . . . 4 ,5 5 2 ,6 0 0
4 ,3 8 5 ,5 1 4 1 ,6 4 3 ,8 3 1 1 ,7 8 7 ,3 5 2
Ohio. B u r. & N o r ... b .A p r.
2 7 0 ,5 8 3
1 6 9 ,1 8 8 1 1 7 ,8 1 0
5 3 ,2 0 2
J a u . 1 to A p r 3 0 . . . .
7 8 0 .0 6 0
0 6 6 ,1 4 7 2 7 3 ,7 J 5
2 2 5 ,8 2 4
N o rfo lk & W estern , a A p r.
9 2 7 ,6 9 2
7 3 8 ,3 2 0
J an . 1 to A p r. 30 . . . 3 .3 1 8 ,3 0 9 3 ,0 3 3 ,5 2 3
N orth ern P a c id e . .b .M a r . 1 ,6 9 3 ,5 1 1 1 ,8 7 3 .6 7 8
J an . 1 to M ar. 3 1 . . . . 4 ,2 0 4 .6 5 6 4 ,3 6 4 ,0 3 0
J u ly 1 t o M ar. 3 1 ....1 3 ,4 9 7 ,2 2 0 1 9 ,1 1 5 ,5 6 3
W is. C e n t im e s .. b .M a r.
4 6 0 ,3 4 3
4 9 0 ,1 8 6
Jan . i to M ar. 3 1 . . . . 1 ,1 5 8 ,1 9 9 1 ,2 5 2 ,6 4 3
J u ly 1 to Mar. 3 1 . .. 4 ,1 1 3 ,8 6 5 4 ,1 5 1 ,2 1 3
T o t. b o th C o.’ s .. b .M a r. 2 ,1 5 3 ,8 5 5 2 ,3 6 9 ,1 6 4
J an . 1 to M ar. 3 1 . . . . 5 ,3 3 3 .1 5 5 6 ,1 1 8 ,6 7 4
J u ly 1 to M ar, 3 1 ....2 2 ,3 1 1 ,0 8 5 2 3 ,2 6 9 ,7 = 0
O h io & M is siss ip p i.a A pr.
3 2 5 ,9 0 0
2 9 7 ,3 7 3
J an . I to A p r . 3 0 ___ 1 ,4 0 7 ,9 7 7 1 ,3 2 6 ,4 5 9
J u ly 1 t o A p r. 3 0 . . . . 3 ,6 3 9 .5 3 9 3 ,6 1 6 ,2 7 0
O regon Im p. C o .a ....A p r .
3 3 0 ,7 0 5
3 0 5 ,3 3 6
J an . 1 t o A p r. 3 0 . . . . 1 ,1 3 9 ,7 5 6 1 ,1 6 1 ,4 0 8
D ee. 1 t o A p r. 3 0 . . . 1 ,1 4 1 ,4 0 2 1 ,4 6 2 ,2 1 0
P hila. & R e a d i n g ... A p r . 1 ,8 3 9 .9 7 5 1 ,7 0 1 ,4 4 1
Jan . 1 to A p r. 3 0 ___ 7 .0 3 6 .1 2 8 7 ,0 3 8 ,0 2 3
D oe. 1 t o A p r. 3 0 . . . . 9 ,0 0 4 ,4 9 5 8 ,9 1 9 ,5 4 5
1 ,6 3 0 ,3 0 4
C oal & I r o n C o ........A p r. 2 ,3 1 0 ,7 4 9
J a n . 1 t o A p r. 3 0 . . 1 4 .2 5 1 ,2 3 4 6 ,6 9 1 ,3 3 9
D e c . 1 t o A p r. 3 0 .-1 7 ,5 0 8 ,9 7 0 8 ,4 7 5 ,7 6 1
T o ta l b o t h C o ’ s . . . . A p r . 4 ,1 5 0 ,7 2 3 3 ,3 3 1 ,7 4 5
J an . 1 t o A p r. 3 0 . .2 1 .2 8 7 ,3 8 1 1 -------3 .7 2 9—
,3 6 1
D ee. 1 to A p r. 3 0 .-2 0 ,5 7 3 ,4 6 4 1 7 ,3 9 5 ,3 6 6
R io G ra n d e S o u th . ..b A p r .
4 7 ,5 1 6
4 5 ,1 6 9
J au . 1 t o A p r . 3 0 ..." .
2 0 3 ,0 3 1
1 7 0 ,2 3 8
J u ly 1 t o A p r . 3 0 . . . .
6 1 4 ,9 0 7
3 7 1 ,8 1 4
R io G ra n d e W est. b . A pr.
2 0 0 ,0 3 5
2 L 2.952
6 7 7 ,5 7 2
7 4 9 ,1 9 7
J a n . 1 to A p r. 3 0 ___
J u ly 1 t o A p r. 3 0 ----- 2 ,0 0 3 ,0 2 2 2 ,1 9 ),2 3 2
1 2 3 ,0 7 1
1 3 3 ,6 3 6
8 t .L . A . & T . H . b .. .M a r ,
3 5 9 ,1 5 1
J an . 1 t o M a r. 3 1 ___
4 0 4 ,3 6 3
S eab oa rd & R o a n o k e —
J an . 1 t o M ar. 3 1 ___
1 0 0 ,8 2 8
1 5 0 ,1 8 3
S ou th ern P a cific C o.—
3 7 1 ,7 4 1
3 7 0 ,8 2 1
Gal. H .& 8 .A n t ..-b A p r .
Jan . 1 t o A p r. 3 0 . . 1 ,4 9 9 ,2 0 3 1 ,4 0 3 ,5 2 0
8 4 ,2 8 2
6 8 ,9 9 6
L ou isia n a W e s t .. - b A p r .
3 9 2 ,1 3 0
3 4 1 ,9 7 5
J a n . 1 to A p r. 3 0 . .
4 0 6 ,7 0 9
3 0 7 .4 6 9
M’ ga n ’ s La. & T ... b A pr.
J a n . 1 to A p r . 3 0 . . 1 ,7 0 6 ,6 9 0 1 ,6 4 7 .7 0 2
2 3,6 93
1 9 ,0 9 4
N .Y .T e x . & M ...b ..A p r .
7 1 ,4 4 5
6 5 .2 0 6
J an . 1 t o A p r. 3 0 . .
1 4 9 ,2 6 2
1 2 1 ,5 8 4
T e x a s & N. O . b . - . A p r .
5 3 4 ,3 1 2
6 3 0 , >90
J an . 1 to A p r. 3 0 . .
9 5 3.672
A tla n tic sy ste m .b A p r . 1 ,0 4 1 ,7 2 4
J a n . 1 to A p r. 3 0 .. 4 ,4 1 4 ,6 6 5 4 ,0 4 0 ,7 7 9
P a cific s y s t e m .b .. .A p r . 2 ,8 5 5 ,4 8 0 2 ,7 9 9 ,9 4 7
J a n . 1 to A p r. 3 0 . . 1 0,5 7 5 ,1 7 9 1 0 ,3 0 7 ,7 8 4
T o ta l o f a l l . b . . . . A p r . 3 ,9 0 0 .2 0 4 3 ,7 5 2 ,6 2 0
J a n . 1 to A p r. 3 0 .-1 4 ,9 8 9 ,8 4 4 1 4 ,3 4 8 ,5 6 3
W abash, b .................... A p r.
9 9 3 ,1 9 6 1 ,0 5 2 ,9 5 2
J a u . 1 t o A p r. 3 0 __ 4 ,2 1 2 .''5 9 4 ,4 0 3 ,6 6 6
J u ly 1 t o A : r. 3 0 . ...1 1 ,8 9 8 ,4 4 4 1 2 ,3 1 0 ,9 3 6
W estern M a ry la n d ...A p r,
9 5 .6 7 5
8 2 ,2 7 5
J an . 1 to A p r. 3 0 __
3 5 2 ,6 5 6
2 9 7 ,7 6 1
O ct. 1 t o A p r. 3 0 . . . .
6 3 9 ,0 6 8
5 0 8 ,0 6 0
2 8 7 ,9 6 8
8 1 6 ,0 2 2
5 6 3 ,5 2 3
1 ,0 7 4 ,1 6 5
7 ,5 2 3 ,2 6 3
1 5 5 ,0 2 4
2 0 3 ,6 1 6
1 ,5 4 9 ,1 4 1
7 1 0 ,5 5 i
1.3 42.810
9 ,0 7 2 ,1 0 3
8 0 .5 3 7
3 7 3 ,8 0 7
1 ,0 7 5 ,7 4 1
6 6 ,1 3 7
1 6 1 ,5 5 9
2 0 9 ,2 1 1
6 9 2 .5 5 0
2 ,2 6 2 .7 7 2
3 ,1 7 9 ,7 0 7
3 6 ,6 6 2
d f. 1 6 6 ,7 7 7
d e r.6 7 ,4 7 3
7 2 9 ,2 1 2
2 ,0 9 5 ,9 9 6
3 ,1 1 2 ,2 3 4
2 1 ,5 0 1
9 5 .5 3 4
3 0 1 ,6 2 1
7 6 ,0 5 5
2 0 6 ,1 5 5
7 3 2 ,5 1 0
5 8 ,0 7 1
1 6 2 ,6 4 6
2 2 7 ,3 0 8
8 1 5 ,6 0 2
7 8 6 ,0 5 7
1 ,6 5 1 ,1 3 5
8--------------,0 0 6 ,2 8 0
1 8 8 ,3 5 6
3 7 0 ,8 1 2
1 ,5 1 3 ,0 0 0
9 7 2 ,4 1 3
2 ,0 2 1 ,9 1 8
9 ,5 4 9 ,2 9 1
3 9 ,1 3 7
2 4 5 ,6 5 1
9 2 4 ,0 0 0
4 9,9 31
1 9 7 ,6 4 0
2 3 7 ,9 2 2
6 8 8 ,7 6 7
2 ,9 2 9 ,0 8 5
3 ,8 3 6 ,7 7 0
d e l 2 3 ,5 0 5
d e f.4 9 ,3 0 9
2 3 ,0 1 5
6G 5.262
2 ,8 7 9 ,7 7 7
3 ,8 5 9 ,7 8 5
2 3 ,0 8 0
8 7 ,6 3 4
2 0 7 ,0 9 2
7 4 ,1 5 1
2 2 7 ,2 3 1
8 1 7 ,0 9 6
4 4 ,0 3 6
1 4 9 ,0 5 0
4 0 ,1 0 8
5 0 ,5 8 0
8 7 ,9 0 4
3 9 0 ,9 8 3
3 5 ,9 1 3
1 8 3 ,2 9 9
6 2 ,5 3 9
3 4 2 .6 4 1
9 ,1 5 4
1 6 ,5 2 8
7 4 ,2 0 0
2 9 4 ,7 8 9
2 7 1 ,1 9 2
1 ,2 4 5 ,2 1 5
9 6 4 ,0 6 9
3 ,4 5 0 ,4 1 7
1 ,2 3 5 ,2 6 1
4 ,6 9 0 ,6 3 3
1 3 7 ,4 8 7
8 4 2 ,5 2 3
2 ,8 7 1 ,3 3 9
31,8 31
9 3 ,2 2 7
1 8 4 ,2 1 6
6 2 ,4 3 7
2 5 6 ,7 2 7
159*531
2 9 ,9 2 7
2 9 0 ,7 7 9
5 ,3 1 9
1 1 ,0 2 5
4 2 ,8 3 1
2 1 0 ,5 5 1
1 6 4 ,1 0 1
9 3 3 ,8 3 5
1 ,1 1 1 ,6 0 0
3 ,5 8 6 ,8 5 8
1 ,2 7 5 ,7 0 1
4 ,5 2 0 ,6 9 4
1 9 2 ,0 2 8
9 0 9 ,3 4 6
3 ,1 1 0 ,9 7 0
2 8 ,8 5 3
8 3 ,1 3 5
1 2 7 ,1 3 4
a N e t e a rn in g s h e re g iv e n a re a fte r d e d u ctin g ta x e s,
b N et ea rn in g s h e re g iv e n a re b e fo r e d e d u o tm g ta x e s.
* A ft e r d e d u c tin g p r o p o r t io n d u o ro a d s o p e ra te d o n a p e rce n ta g e
b a sis, n e t iu A p ril, 1 89 3 , w as $ 5 2 9 ,6 3 1 , a g a in s t $ 3 8 9 ,8 6 3 in 1 8 9 2 ; i o r
fo u r m on th s to A p ril 30, $ 2 ,0 5 6 ,o 9 2 , a g a in s t $ 1 ,9 8 3 ,4 9 2 , a n d O c to b e r
1 to A p ril j 0, $ 4 ,0 6 8 ,4 0 8 , a ga in st $ 3 9 7 8 ,a63.
t N ot e a ru iu g s in 1893 are g iv e n a fte r d e d u ctin g $ 1 0 ,5 0 0 m im c ip i
t a x e s , a g a in st w h ich th e re w a s uo co r re s p o n d in g ite m iu 1392.
! l u c l d ea C o lo ra d o M idland to r Doth yea rs a n d all p e rio d s.
THE CHRONICLE.
922
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c. .w ith the surplus or deficit
above or below those charges.
R oads.
A tc h . T. & S. F e S y s .A p r .
J u ly 1 to A p r. 3 0 ----Bt. L. & S. F. S y s ...A p r .
J u ly 1 to A p r. 3 0 ..
A g g re g a te total ...A p r .
J u ly 1 to A p r 30.
C hie.B url. & Q u in cy .A p r .
Jau. 1 to A p r. 3 0 . . . .
C lev .C in .' liic.&Sfc.L. Apr.
J u ly 1 to A p r. 3 0 -----P e o ria & E a s t e r n . A pr.
J u ly L to A p r. 3 0 ..
C u rre n t R iv e r ........... A p r.
J u ly 1 t o A p r. 3 0 ----D e n v e r & R io Gi*.. - -A p r.
J u ly 1 to A p r. 3 0 -----K a n C. C lin. & S p r .A p r.
J u ly 1 to A p r. 3 0 ___
K a n . C. F t. S. & M ..A p r .
J u ly 1 to A p r. 3 0 ___
K a n . C. M em. & B ir .A p r .
J u ly 1 to A pr. 3 0 — .
N or. P a c. & W is. C ent.—
G ross ea rn in g s ...............
O p era tin g e x p e n s e s —
Inter’ t, ren ta ls, <£c.—* r -B a l. o f N et E a rn s.—*
1 892-3.
1 89 L-2.
1892-3.
1 89 1 -2 .
$
$
2 3 ,4 7 0
9 1 7 ,0 0 0
34.9 48
9 1 9 ,0 0 0
9 ,1 9 0 ,0 0 0 9 ,1 7 0 ,0 0 0 1 ,8 3 2 ,6 9 0 1 ,1 6 6,50 7
2 7 5 ,0 0 0 d ef.3 5 ,3 1 8 d e f.5 1,325
2 7 5 ,0 0 0
31,9 65
9 3,1 08
2 ,7 5 0 ,0 0 0 2 ,7 5 0 ,OoO
d f.3 6 9 d f.2 7 ,3 5 4
1 ,1 9 4 ,0 0 0 1 ,1 9 2 ,0 0 0
1 1 ,9 2 0 ,0 0 0 1 ,9 3 0,80 0 1 ,1 9 3,47 3
8 1 5 .0 7 6 d f.1 0 5 .6 3 4 df. 131,413
8 3 0 ,0 0 0
6 2 1 ,0 7 0
3 2 1 ,9 1 8
3 ,3 2 0 ,0 0 0 3 ,2 6 0 ,3 0 1
4 6 .0 1 2
2
2 1 ,8 7 4
4 9 ,4 1 0
2 1 6 ,46 5
8 5 6 192 1 ,2 6 0 ,8 9 5
2 ,2 0 2 ,0 3 4 2 ,2 6 6 ,3 4 9
225
37,8 72 d ef. 20,2 35
36,801
6 5 ,2 1 1
3 7 8 ,7 7 3 d f.1 0 3 ,34 9
3 6 8 ,0 1 5
47
d
ef.
1
,434
6
,6
9
2
6 ,692
66,9 18
d ef.3 8 3 def. 5,4 67
66,9 18
d ef. 1,559
24,0 61
2 2 4 .0 1 1
2 3 7 ,8 5 3
7 7 7 ,0 6 2
2 ,1 8 3 ,7 0 2 2 ,3 5 5 ,2 6 2 1 ,2 2 8 ,0 3 4
d e f.5 ,026
d
ef.3
,5
2
1
13.639
13,639
1 3 6 ,3 8 4 d ef. 3 1 ,9 0 0 d e f.56,0 23
1 3 6 ,3 8 4
90,0 51 def. 18 4 0 8 d e f.2 5 ,9 9 8
8 9,4 9 4
3 2 3 ,3 4 4
2 8 1 ,9 1 2
9 2 7 .4 7 9
9 1 2 ,75 3
3 7 ,3 9 5 d e f.3 5 ,1 3 0 d e f.4 3 ,7 2 4
3 9 ,1 0 7
3 0 5 ,3 3 1 d f. 183 ,20 2 d f. 147,131
3 8 2 ,46 1
J u ly 1 to M a r. 3 1.
■March.
1893.
1892.
1893-2.
1892-1.
$
$
$
$
2 ,1 5 8 ,8 5 8 2 ,3 6 9 ,1 6 4 2 2 ,8 1 1 ,0 8 5 2 3 ,2 6 9 ,7 8 0
1 ,4 4 0 ,3 0 7 1 ,3 9 6 ,7 5 1 1 3 ,7 3 8 ,6 7 7 1 3 ,7 2 0 ,4 9 9
N et e a rn in g s.................
M iscellaneou s in c o m e ..
7 1 8 ,5 5 1
118,168
T o ta l net in c o m e .........
8 3 6 ,7 1 9
F ix e d clia rg e s ................. 1 ,1 7 5,24 2
Surplus . .
........d f.3 3 8 ,5 2 3
9 7 2 ,4 1 3
1 4 1 ,84 7
9 ,0 7 2 ,4 0 8
1 ,5 4 4 ,7 3 7
9 ,549,281
1,3 7 4,89 2
1 ,1 1 4 ,2 6 0 1 0 ,6 1 7 ,1 4 6 1 0 .9 2 4 ,1 7 2
1 ,1 1 7,99 3 1 0 ,6 3 2 ,0 9 2 9 ,9 3 4 ,1 8 2
d f.3 ,7 3 3
d f, 1 4 ,9 4 3
9 8 9 ,9 9 1
ANNUAL REPO RTS.
Southern Pacific Company.
(F or the year ending December 31, 1892.^
The annual report of Mr. C. P. Huntington, with valuable
statistical tables, will be found on other pages of the C h r o n
[V ol. LVI,
C O M P A R A T IV E ST ATE M EN T O F F L O A T IN G D E B T D E C E M B E R 3 1 .
L ia b ilitie s .
1891.
$
Due p r o p r ie ta r y a n d affiliated Cos.S ou th ern Pao R R Co. or C aliforn ia .
S o u th e rn P a c.R R . C o .o f N ew M e x ico
1 8 9 ,6 3 8
N o rth e rn liy . C o ..................................... 1 ,1 4 1 ,0 8 1
6 0 0 ,9 6 4
M o rg a n 's Lo. & T e x a s R R . & SS. C o.
T e x a s & N ew O rleans R R . C o ............
4 2 1 ,30 6
4 4 ,0 9 8
G u lf W estern T e x a s & P a cific R y.C o.
C e a tra l P a cific R R . C o .......................... 3 ,7 8 0 ,4 0 3
P o rtla n d & W illa m ette V a lle y R y.C o.
11,542
P o rtla n d & Y a m h ill R R . C o .................
A u stin A N orth w estern R R . C o ........
M e x ica n In te rn a tio n a l R R . C o ..........
1 3 7 ,77 6
S a n B ern a rd in o & R e d la n d s R R Co..
EAKN IN GS AN D E X PE N SE S.
1 89 1 .
$
1 5,5 2 8 ,7 2 1
3 0 ,9 3 1,591
3 ,9 8 9 ,5 0 2
1892.
$
1 5 ,3 8 7 ,7 1 0
2 9 ,9 4 3 ,9 4 9
3 ,6 4 0 ,5 3 5
T o ta l ea rn in g s ......................... 48,2 02 ,0 C 0
5 0 ,4 4 9 ,8 1 4
4 8 ,9 7 2 ,1 9 5
E xp enses—
Maint-’n c e o f w a y an d s tr u ct’s . 7 ,5 6 3 ,3 7 6
6 ,7 4 1 ,1 9 0
7 ,1 3 6 ,7 1 5
M a in ten a n ce o f eq u ip m en t . . . 3 ,8 4 0 ,3 6 6
4 ,2 8 5 ,6 5 8
4 ,3 8 9 .8 6 7
T ra n sp o rta tion * ............................ 1 6 ,9 4 2 ,1 1 8
1 7 .5 7 5 ,6 8 3
1 6,9 5 4 ,5 9 1
G e n e ra l............................................. 2 ,6 6 1 ,8 6 9
2 ,5 6 1 ,0 8 1
2 ,8 0 7 ,0 2 6
3QU88
------------------ ------------------------ ----------------- -____
T o ta l e x p e n se s .......................3 1 ,0 0 7 ,7 2 9
3 1 ,1 6 3 ,6 1 2
3 1,2 8 8 ,1 9 9
N e t e a rn in g s ....................................1 7 ,1 9 4 ,2 7 1
1 9 ,2 8 6 ,2 0 2
1 7 ,6 8 3 ,9 9 6
t * In clu des steam sh ips.
EARNING S, E X PE N SE S, REN T AL S AN D T A X E S.
1880.
1891.
1892.
6,2 2 5-9 3 M iles 6 ,4 6 1-2 6 M iles 6,52**98 Miles
o f r a ilr o a d ;
o f R a ilroa d ; o f R a ilroa d ;
also Steamalso Steam
also stea m
sh ip L in es.
sh ip L ines.
sh ip L ines.
$
G ro ss e a rn in g s........«0o . ...............4 8 ,2 0 1 ,9 9 5
5 0 ,4 4 9 ,8 1 4
4 8 .9 7 2 ,1 9 5
O p eratin g e x p e n se s .....................3 1,007,7 30
3 1 ,1 6 3 ,6 1 2
3 1 ,2 8 8 ,1 9 9
N e t ea rn in g s ...........................1 7,1 9 4 ,2 6 5
R e n ta ls r e c e iv e d ..........................
5 0 9 ,5 1 6
1 9 ,2 8 6 ,2 0 2
5 6 4 ,1 9 3
1 7 ,6 8 3 ,9 9 6
5 51 ,81 8
T o t a l...........................................1 7,7 0 3 ,7 8 1
R en tals p a id ................................... 1,0 5 8,41 5
T a x e s ............. ................................. 1 ,2 3 4 ,2 9 8
1 9 ,8 5 0 ,3 9 5
1,- 2 0 ,7 8 2
1 ,2 6 1 ,9 8 4
1 8 ,2 3 5 ,8 1 4
1 ,3 0 8,59 7
1 ,2 4 9,84 9
T o t a l......................
2 ,2 9 2 ,7 1 3
N et r e c e ip t s .................................... 1 5,4 1 1 ,0 6 8
2,482,71)6
1 7,3 6 7 ,6 2 9
2 ,5 5 8 ,4 4 6
1 5,6 7 7 ,3 6 8
INCOM E ACCOUNT.
1890.
R eceipts—
$
N et, as a b o v e ................................ 1 5,4 1 1 ,0 6 8
O th er in c o m e ................................
1 1 ,6 3 6
1891.
1 892.
1 7 ,3 6 7 ,6 2 9
1 5,6 7 7 ,3 6 8
T otal re c e ip ts ......................... 1 5 ,4 2 2 ,7 0 4
L isburtcm en is—
In terest on b ond ed d e b t ........... 1 0 ,2 5 9 ,8 2 0
In terest on floatin g d eb t (net).
3 1 5 ,0 2 2
B ette rm en ts and a d d itio n s ___ *2 65 ,62 6
C ent. P acific KR, sin k’ g fun ds.
2 7 5 ,OoO
C ent P a cific KK sin k ’g fu n ds
fc in U. 8. T reasury......................
5 2 3 ,9 5 0
N et p rofit c e n t. P a cific liu e s ..
8 98 ,61 0
B ala n ce to m ake guar, ren ta l
C entral P a c ific .........................
4 6 1 ,3 8 9
M isce lla n eou s...............................
4 1 ,4 t o
1 7 ,3 6 7 ,6 2 9
1 5,6 7 7 ,3 6 8
1 0 ,6 2 9 .9 0 0
1 6 ,7 18
*2 5 9 ,5 7 0
2 7 5 ,0 0 0
1 0,5 1 2 ,4 7 8
4 7 ,4 4 8
*389 ,67 7
1 8 5 ,0 0 0
6 1 3 ,5 1 6
2 ,1 4 4 ,4 2 8
5 7 7 ,0 4 8
1 ,3 8 0 ,0 0 0
64,5 41
4 5 ,9 6 6
T o ta l d is b u r s e m e n t s ......... 1 3,0 40 ,8 2 7
Surplus b e fo re d iv ision o f p r o f
its to p ro p ’ y co m p a n ie s ......... 2 ,3 8 1 ,8 7 7
1 4 ,0 0 3 ,6 7 3
1 3 ,0 6 7 ,0 1 7
3 ,3 6 3 ,9 5 6
2 ,6 1 0 ,3 5 1
6 ,2 6 6 ,4 2 7
D 6 0,3 82
1 ,3 5 0,00 0
2 ,0 6 3,27 1
2 ,5 7 3 ,5 6 2
8 0 ,3 2 6
120 ,61 8
1 ,0 1 7,65 5
2 ,6 0 9 ,2 6 9
1 ,7 5 0 ,0 0 0
2 ,1 0 0 ,5 0 4
2 ,6 4 6 ,0 5 0
7 7 ,2 3 2
1 5 5 ,2 8 1
2 ,1 5 3 ,8 1 2
2 .5 3 8 ,6 4 6
A u d ite d p a y -r o lls .< . . . .................
U n cla im e d w a g e s ........................
T ra ffic b a la n c e s ............................
In d iv id u a ls an d c o m p a n ie s ___
4 0 0 ,0 0 0
3 7 .2 3 2
7 2 ,4 8 7
D 3 ,0 9 4
3 4 ,6 6 3
1 ,1 3 6 ,1 5 7
D 7 0,6 22
T o t a l............................
D eferred lia b ilities —
B ills p a y a b le ...................
9 ,8 1 4 ,7 0 1 1 1 ,4 2 1 ,5 2 5
1 ,6 0 6,82 3
A c c r u e d in terest on u n m a tu red n otes
C entral P a cific la n d in v e stm e n ts .
T a x e s a ccr u e d —n o t d u e .......................
1 3 4 ,61 1
1 ,0 9 2 ,1 2 0
184,535
1 ,0 7 5 ,6 8 7
4 9 ,9 2 4
D 16,432
2 0 ,0 0 0
3 1 2 ,4 2 7
1 5 ,0 0 0
2 7 5 ,7 4 6
D 5.0C0
D 3 6 ,6 8 1
T o t a l.................................................... 1 ,5 5 9 ,1 5 8 1 ,5 5 0 ,9 6 8
C ontingent L a bilities—
H o s p ita l fu n d f o r e m p lo y e s — P acific
9 6 ,9 9 2
S ystem ........................................ ............
1 0 1 .12 5
M arine in su ra n ce fu n d ..........................
5 3 6 ,6 4 1
3 2 6 ,3 8 6
9 5 ,0 0 0
S team sh ip in su ra n ce f u n d ...................
2 1 9 ,4 2 5
R en ew a l o f ca rs fu o d , P a e iflcS y ste m .
3 3 0 ,3 1 4
3 1 4 ,6 5 2
R e n e w al o f ca rs fu n d . A tlan tic S ysteml 1 0 0 ,7 6 2
7 4 ,7 1 0
R e n e w a l o f lo c o m o tiv e fu n d , P a cific
S y ste m .....................................................
1 5 ,2 0 9
17,1 35
R e n e w a l o f lo c o m o tiv e s fu n d , A tla n
t ic S y s te m .............................................. .
1 6 ,0 0 0
R e n e w a l o f stea m sh ip s fu n d , A tla n
t ic S y s te m ................................................
1 9,8 43
T a x e s in lit ig a t io n ..................................
6 9 1 ,4 2 0
7 2 0 ,7 0 6
U n a d ju ste d a c c o u n t s ............................
3 9 8 ,5 7 3
4 9 4 ,0 6 0
T o ta l..
2 ,0 7 4 ,5 0 0
D 8 ,1 9 0
4 ,1 3 3
2 1 0 ,2 5 5
1 1 5 .42 5
D 15,663
D 26,0 51
1 ,9 2 6
1 6 ,0 0 0
D 19,8 43
2 9 ,2 8 6
9 5 ,4 8 7
2 ,4 8 5 ,4 5 5
4 1 0 ,9 5 4
1 9 ,7 75 ,1 6 9 2 1 ,7 2 4 ,3 7 6
1 5 ,9 03 ,4 8 6 1 7 ,5 3 6 ,0 9 3
1 ,9 4 9,20 7
1 ,6 3 2 ,6 0 6
4 ,1 8 8 ,2 8 3
3 1 6 ,6 0 1
* In clu d e co u p o n s d u e J a n u a ry 1 o f th e y e a r fo llo w in g .
Central Pacific Railroad.
f For the year ending Dec. 31, 1892. J
From the Southern Pacific Company’s report we have the
Central Pacific earnings and income account for 1892.
EA B N IN G S AN D E X PE N SES.
1890.
1891.
1892.
1 6 ,6 2 9 ,1 0 4
9 ,2 1 1 ,7 4 9
1 4 ,6 1 2 ,9 9 0
8 ,9 0 5 ,4 1 1
7 ,4 1 7 ,3 5 5
55*40
5 ,7 0 7 ,5 7 9
60*94
1890.
R eceipts—
$
R e n ta l u n d e r le a s e .............................. 1 ,3 6 0 ,0 0 0
O th er r e c e i p t s . .......................
6 ,0 0 0
S in king fu n d s an d in terest e a rn e d .
6 6 0 ,5 4 2
U nited States r e q u ire m e n ts ............
5 2 3 ,9 5 1
In te re s t on C. P. n o te s h e ld by tru s
tees o f la n d gra n t m o r t g a g e —
2 5 1 ,3 4 2
L a n d s a le s ............................................
J .8 9 1 ,
$
2 ,1 4 4 ,4 2 5
8 ,4 0 0
6 4 9 ,0 5 4
6 1 3 ,5 1 6
1892.
$
1 ,3 6 0 ,0 0 0
2 2 ,8 7 2
5 4 6 ,0 7 6
5 7 7 ,04 8
1 00,106
3 5 2 ,7 7 2
-8 0 ,1 6 7
1 2 1 ,14 8
2 ,8 0 1 ,8 3 5
T o t a l................................................
Paijinents—
S in kin g fu n d re c e ip ts , U. S. re
q u irem en ts, an d la n d sales as
a b o v e , a p p lica b le w h e n u se d f o r
th e p a y m e n t o f d e b t a n d n o t
a v a ila b le f o r d iv id e n d s ................. 1 ,4 3 5 ,8 3 5
D iv id e n d s, 2 p e r c e n t ......................... 1 ,3 4 5 ,5 1 0
3 ,8 6 8 ,2 7 4
2 ,7 0 7 ,3 1 1
1 ,7 1 5,44 8
1 ,3 4 5 ,5 1 0
1 ,3 2 5 .2 6 4
1 ,3 4 5 ,5 1 0
T o t a l........... *..................................... 2 ,7 8 1 ,3 4 5
B a la n ce , s u rp lu s ..........................
2 0 ,4 9 0
O th er it e m s .......................................... dr. 2 3 8 ,9 5 7
S urplus Jan. 1 ..................................... 3 ,1 3 3 ,7 6 6
3 ,0 6 0 ,9 5 8
8 0 7 ,31 6
dr. 3 3 4 ,7 5 4
2 ,9 3 5 ,2 9 3
2 ,6 7 0 ,7 7 4
36,5 37
d r. 5 7 ,2 8 7
3 ,4 0 7 ,8 6 0
3 ,4 0 7 ,8 6 0
3 ,3 8 7 ,1 1 0
G ro ss e a r n i D g s .....................................1 5 ,9 3 7 ,0 0 4
O p era tin g e x p e n s e s ........................... 9 ,8 7 5 ,0 1 8
N e t e a rn in g s .................................. 6 ,0 6 1 ,9 9 6
P e r ct. o p e ra tin g e x p . to e a rn in g s.
61*96
INCO M E ACCOU NT,
B a la n ce D oc. 3 1 .............................. 2 ,9 3 5 ,2 4 7
The operations under the lease and the results to the South
ern Pacific Company, lessee, for the years ending December
31, 1890, 1891 and 1892 were as follows:
1 890.
1 89 1 .
1 89 2 .
E a r n in g s —R R s ., stea m ers, e t c _____1 5 ,9 3 7 ,0 0 4 1 6 ,6 2 9 ,1 0 4
O th er ite m s ...................................
1 2 ,3 0 7
4 5 ,1 9 4
1 4 ,6 1 2 ,9 9 0
1 3 3 ,66 2
T o t a l................................................. 1 5 ,9 4 9 ,3 LI
1 6,6 7 4 ,2 9 8
9 ,9 0 9 ,0 5 7
O p e ra tin g e x p e n se s , e t c '.................. 1 0,5 02 ,0 4 9
In te re s t on fu n d e d d e n t.................... 3 ,4 1 4 ,4 4 3
3 ,5 1 0 ,5 5 7
S in kin g fu n d r e q u ire m e n ts .............
2 7 5 ,0 0 0
2 7 5 ,0 0 0
6 113 ,5 1 6
U n ite d S ta tes r e q u ire m e n ts .................................. 5 2 3 ,95
2 2 1 ,7 4 2
B e tte rm e n ts an d a d d itio n s .............
2 3 4 ,6 4 6
1 4 ,7 46 ,6 5 2
9 ,5 2 6 ,6 9 6
3 ,3 1 6 ,3 6 5
1 3 5 ,00 0
577 ,04 8
2 7 9 ,6 6 9
T o t a l.......................................
N et p ro fit f o r y e a r ...................
S et a sid e fo r w o r n -o u t ears.
.1 4 ,9 5 0 ,0 8 9
9 9 9 ,2 2 2
100 .61 2
B a l a r c e t o m ak e u p r e n ta l.............
8 9 8 ,6 1 0
4 6 1 ,3 9 0
R e n ta l p a y a b le b y So. P a c. C o ........ 1 ,3 6 0 ,0 0 0
am ou n ts as here g iv e n , wietWi
7 7 9 ,3 3 5
7 79,3 35
2 9 1 ,1 9 4
1 0 1 ,5 5 6
1 ,6 7 1 ,6 4 6
5 0 ,5 6 4
701 ,07 1
1 00,107
6 8 9 ,3 6 8
2 6 8 ,0 6 2
3 5 1 ,8 1 3
3 0 7 ,7 1 6
1 ,3 9 5,01 1 D 2 ,3 -5 ,3 9 1
D 11,5 42
8 ,6 6 8
8 ,668
1 1 2 .6 9 0
1 1 2 ,6 9 0
2 6 0 ,84 8
1 2 3 ,07 0
4 ,7 8 3
4 ,7 8 3
6 ,3 2 6 ,8 0 8
3 ,8 7 1 ,6 3 3
1 89 0 .
E a rn in g s—
$
P a s s e n g e r s ..................................... 1 4 ,5 0 7 ,3 4 1
F w ig llt .............................................. 2 9 ,3 0 6 ,2 2 6
M ail, e x p ress, & o.*........................ 4 ,3 8 8 ,4 3 3
In crea se.
$
7m m ediate liabilities—
ic l e .
The statements following show the earnings from all sources
and the expenditures and income account of the company for
the past three years. In the Chronicle of April 8, on p. 577,
preliminary tables showing the results by systems were given.
1892.
$
1 4 ,5 2 9 ,8 7 2 1 3,8 8 4 ,7 7 8
2 ,1 4 4 ,4 2 6
8 6 1 ,8 7 4
.......................................
..........
..........
2 ,1 4 4 ,4 2 6
4 9 8 ,1 2 6
1 ,3 6 0 ,COO
In clu d e s also la n d e xp e n se s , ta x e s, re n ta l, an d in te re st o n flo a tin g
d eb t..
THE CHRONICLE.
Junk 3, 1893.]
Pacific Mail Steamship Company.
(F or the year ending April 30, 1893..J
Mr. George Gould, the retiring President, says in his re
port: “ Herewith you will find the figures showing the busi
ness done by the Pacific Mail Steamship Company during the
last twelve months. As you will observe, it is not a favorable
showing. This is due in the first place to the quarantine at
the Isthmus of Panama against American and European poris
during the cholera scare last autumn, at which time the busi
ness of the Company Iell off very materially and the expenses
were largely increased. On the 1st of February last, the con
tract which had existed between the Pacific Mail Steamship
Company and the Panama R.R. Co. for fifteen years, was
terminated by limitation, and since that date tins company
has been shut off almost entirely from any participation in the
business between New York and American ports on the
Pacific. This of course has reduced the earnings very heavily,
while the reduction in the expenses will only begin 1 0 show
from the present time, as the operations of the company's
fleet could not be reduced immediately. Owing to Hie de
mands on my lime from other corporations in which I am
largely interested, I have decided not to be a candidate for reelection to the office of president of your company.”
The comparative statement of earnings and expenses has
been compiled for the Chronicle as follows.
EA RN IN G S AN D EX P E N S E S.
H a m in g s—
1 8 8 9 -9 0 .
A tla n tic l i n e ................. *6 8 3 ,4 8 8
P a n a m a lin e ................. 2 ,l8 6 ,a 5 2
T ra u s-P a citlo lin o .......
9 4 2 ,1 4 3
S u b s id ie s .......................
103.0U 0
In te re s t and d iv id 'd s
1 7 ,0 9 4
M is c e lla n e o u s ...............
1 33 ,59 1
1 8 9 0 -9 1 .
* 6 1 7 ,2 9 1
2 ,2 0 2 ,6 3 8
1 ,1 0 7,60 1
1 03,000
3 3 ,4 6 3
9 4 ,5 7 8
T o t a l..........................$ 4 ,0 6 5 ,6 6 8
E x p en ses—
A tla n tic lin e .................. $ 5 0 2 ,0 0 6
P a n a m a l i n e ................. 1 ,5 2 0 .0 5 7
T ra u s-P a eific lin e .......
7 6 2 .5 3 6
A g e n c ie s .........................
4 1 1 ,8 8 3
M isce lla n eou s...............
3 5 8 ,6 3 6
$ 4 ,2 9 8 ,5 7 1
T o t a l .......................$ 3 ,5 5 5 ,1 1 8
N e te a r u m g s ................ $ 5 1 0 ,5 5 0
3 ,4 9 5 ,6 5 0
$ 8 0 2 ,9 2 1
$ 4 9 5 ,6 7 3
1 ,6 1 4 .3 5 2
7 9 2 ,6 9 6
3 /5 .0 3 2
2 1 7 ,3 9 7
1 8 9 1 -9 2 .
1-684 8 7 0
2 ,36 .613
1 .0 -2 .9 3 6
1 0 3 ,0 0 0
2 5 ,7 2 9
1 4 9 ,1 1 4
1 8 9 2 -9 3 .
$ 6 a 8 .3 8 9
2,0.v2.152
1 ,2 3 5 ,2 2 4
27.7a3
2 4 .1 - 0
1 1 0 ,79 5
$ 4 ,4 0 9 ,2 6 2 $ 1 ,1 1 8 ,4 7 3
$ 5 3 9 ,8 9 0
1 ,7 4 8 ,5 0 6
7 4 -,7 6 1
3 6 3 .5 3 6
2 8 7 ,3 6 2
$ 5 2 1 ,5 7 3
1 .7 9 5 .8 8 4
843.181
3 6 5 ,2 5 0
*6 4 2 .3 2 7
3 .6 8 8 ,0 5 5 $ 4 ,1 7 5 ,2 1 5
$ 7 2 1 ,2 0 7 d el. 5 6,7 42
* In clu d e s $ 3 1 4 ,3 8 9 “ e x t r a re p a irs .”
The following were the proportionate earnings of the several
lines from freight and passengers in 1892-98.
A tla n tic lin e ..........................................
P a n a m a l i n e . . . .....................................
T ra n s P a cific lin e ................................
Passengers.
$ 9 6 ,4 5 3
3 9 6 ,8 6 8
5 1 7 ,1 6 8
T o t a l.................................................. $ 1 ,0 1 0 ,4 8 9
F reight.
$59 1,936
1 ,6 3 5 ,2 8 4
7 1 8 ,i 5 6
Total.
$ 6 8 8 ,3 9 0
2 ,0 3 2 .1 5 2
1 ,2 3 5 ,2 x 4
$ 2 ,9 4 5 ,2 7 6
$ 3 ,9 5 5 ,7 6 6
923
Fnst & West Alabama.—At Birmingham, Ala,, May 29,
the East & West Railroad of Alabama, 117 miles, from Pell
City to Cartersviile, Ga., was sold at auction under order of
the United Slates Court. Eugene Kelly of New York was
the purchaser for $300,000 cash. That and the receiver’s cer
tificates make the total amount $1,200,000. Mr. Kelly repre
sents the principal bondholders.
Georgia Cent ral.—A dispatch from Atlanta, Ga., says: “ At
the Georgia Central hearing in the United States Circuit
Court, before Judge Jackson, the petition of Alexander
Brown & Son and Simon Borg, to compel the sale to them, by
holders of tripartite bonds, was denied, and their injunction
against the tripartite foreclosure proceedings practically
vacated. Instead of postponing action, the Court expedites a
hearing of the foreclosure suit by limiting the time to take
evidence to June 26 at Savannah, when Judge Jackson will
hear the case and enter a decree of foreclosure. Judge Jackson will also hear the motion of the Reorganization Committee
on June 15 at Nashville, to comoel the Richmond & Danville
receivers to withdraw all New York attachments. Motion to
discharge II. M. Comer as receiver is denied for the present
and further hearing of that motion set down for June 26.
Meanwhile the Court directs the receiver, in view of the litiga
tion, not to identify himself as a partisan with the Reorganiza
tion Committee or with one litigant as against ano her!”
Kings County Elevated.—The statement for the quarter
ending March 31 is as follows :
e—Q uar. end..Mch. 3 1.—>
1892.
1893.
$
$
G ro ss e a rn in g s ............... . 2 2 9 ,1 7 0
2 4 2 ,3 0 5
O p e ra tin g e x p e n s e s ... . 140,9-19
1 4 3 .0 1 0
/—9 m os.end..itch . 3 1.—
1891-2.
1892-3.
$
$
6 4 7 ,7 0 3
6 9 9 ,6 1 3
4 1 7 ,4 8 5
4 2 1 ,1 8 0
N et e a r n in g s ........... .
O ther i n c o m e .................
8 8 /2 2 1
112
9 4 ,7 8 9
155
2 3 0 ,2 1 8
369
2 7 8 .4 3 3
408
T o t a l .......................... .
Tut., ta x e s an d re n ta ls. .
8 3 .3 3 3
5 7 ,1 6 5
9 4 ,9 4 4
131 ,20 1
2 3 0 ,6 0 7
1 5 7 ,7 9 0
2 7 8 ,8 4 1
3 55 ,49 1
B a la n c e .......................su r.3 1 ,1 6 8 d e f. 3 6 ,2 5 7
s u r.7 2 ,8 1 7 d e f.7 6 ,6 5 0
Lake Shore & Michigan Southern.—For the quarter end
ing March 31, the first quarter of the fiscal year, the follow
ing statement is made :
r—Q uarter en d in g m arch 3 1.—>
1 89 2
1893.
G ross e a rn in g s ...................................................... $ 5 ,5 2 8 ,0 6 1
$ 5 ,6 9 3 ,7 9 9
O p era tin g e x p e n s e s ............................................ 3 ,9 4 1 ,2 6 5
3 .9 9 3 ,7 6 4
N et e a r n i n g s ......................................................... $ 1 ,5 8 6 ,7 9 6
O ther in c o m e .........................................................
1 0 2 ,S57
$ 1 ,7 0 0 ,0 3 5
1 0 2 ,7 1 9
T o t a l..................................... .............................$ 1 ,6 8 9 ,6 5 3
In te re st, re n ta ls and ta x e s .............................. 1 .0 6 7,35 7
$ 1 ,8 0 2 ,7 5 4
1 ,0 9 2 ,7 1 9
S u rp lu s............................................................... $ 6 2 2 ,2 9 6
$ 7 1 0 ,0 3 5
Little Rock & Memphis.—A t Little Rock, Ark., on the
application of the Central Trust Company of New York in
American Cotton Oil.—This company sends no ice to the the U. S. Circuit Court, represented by Builer, Stillman Sc
Stock Exchange that they have purchased for cancellation Hubbard, its attorneys. Rudolpli Fink was appointed receiver
$224,000 of their outstanding 8 per cent bonds at an average of tbe Little Rock & Memphis by Judge Williams and re
price of 109 154 under the plan for the gradual retirement. <n quired to give a $40,000 bond. Tnis action has been taken in
the debenture bonds, set forth in the last annual report. The the interest of the bondholders. Under the laws of Arkansas
difference between this price and 110 is saved to the company, claims fur wage'-, suophes, &c., become liens upon the prop
and no interest will have to be paid on these bonds Aug. 1. erty prior to mortgage bonds. If times improve, the com
This reduces the total amount of bonds outstanding to $3,- pany, it is thought, may be able to finauce its affairs so as to
566,000 and gives new evidence of the conservauve manage avoid foreclosure.
Marietta <s North Georgia.—Judge Newman, at Atlanta,
ment of this company.
Called Bonds.—The following have been called for pay Ga., lias pas-ed a final decree in the United States Court for
the sate ot tins railroad within sixty days. Tne minimum
ment:
price fixed by the order is $925,000 for the Georgia portion of
M is s o u r i V a l l e y & B l a i r R a i l w a y & B r id g e C o m p a n y 6
per cent Hist mortgage bonds. Notice is given that ail ot the the line auct $80i>,000 for tbe Tennessee poriion— $1,'725.000 for
outstanding tir.-t morigage 6 per cent bonds of tbe Missouri ihe whole. The road is -old under the petition of the Central
Valley & Blair Railway & Bridge Company have been drown Irust Company of New York.
Mobile & Ohio.—At Mobile, Ala., on May 29, the Mobile &
by lot and will be redeemed on July 1, 1893.
Chicago & Northwestern.—At the annual meeting on Ohio Railroad stockholders, at a special meeting, elected the
Thursday in Chicago the old biard of directors was re following dirtetors : James C. Clarke. Sidney Shepird,
elected. A quarterly dividend of 1% per cent on the pre Adrian lseliu, Jr., H. B. Plant, A. S. S evens, Thomas E.
ferred stock and a semi-annual dividend of 3 per cent on tne Jevons, James H. Fay. C. C. Cuyler, F. D. Tappen, E. L.
common stock were deolartd, payable June 23. Ihe com Russell, James H. Mason, E. S. Knapp, W. Butler Duncan.
pany mikes a preliminary report for the year ending May 31 The incoming officers were instructed to acquire possession of
the Montgomery Tu-caloosa & Memphis road from Mont
as follows:—
gomery Ala , to Columbus, Miss., (160 miles of main line and
1 8 ° 2.
1 893.
Changes.
lo of branches) which is partly constructed, and to complete
G ross e a rn in g s ........... $ 3 1 ,4 2 2 ,2 7 2
$ 3 2 ,9 5 5 ,4 2 4
In c. $l,.->3. ,152
O p. e x . a n d e lia r g e s .. 2 o,5U 2.086
2 8 ,2 0 8 ,6 5 3
ln e
i ,7 0 6 .5 6 7
the same.
New York Stock Exchange—New Securities Listed.—The
B a l a n c e ................... $ 4 ,9 2 0 ,1 8 4
$4,74 6 ,7 7 1
D eo. $ 1 7 1 ,4 3
D iv id e n d s .......................
3 .6 7 5 ,7 3 5
3 ,9 0 6 ,5 6 1
In c.
2 0 ,8 3 6
Governing Committee of the New York Stock Exchange has
added to the list for dealings ihe following :
S u rp lu s ....................
$ 1 ,2 4 4 ,4 4 9
$ 8 4 0 ,2 0 9
D eo.
$ 4 0 4 ,2 4 0
G E N E R A L IN V E S T M E N T N E W S.
S urplus w est'n lin e s ..
1 ,1 3 5
5 7 ,6 9 5
In c.
56 560
T o ta l su rp lu s ........
$ 1 ,2 4 5 ,5 8 4
$ 8 9 7 ,9 0 4
D ec.
$ 3 4 7 ,6 3 0
D istilling * Catile Feeding.—At Peoria, III , May 39. the
directors of this company met and discussed ways and means
of raising funds necessary to pay the rebates due and to carry
on business. At a recent session bonds to the .amount of $8,
000,000 were issued. These are mortgage bonds, and are hens
Upon all the real estate, buildings and machinery of tne com
pany. It was decided to endeavor at once to sell $4,000,000 of
these bonds at the best possible price.
On the 31st Pie-ident Gi eeuhut in Chicago said : “ We have
inserted an advoiisement in this evening’s papers, asking lor
bids for $l,000,00n of tbe new bond issue, bids to be made by
Saturday next. * * * The distilleries have no porn r to
withdraw. Ih e men arid companies that made such an
nouncement are acting under tbe bad advice ot their attor
neys.”
E a t ra ved re o rga n iza tio n ce r tifica te s o f d e p o s it o f th e R ich m o n d <fe
W est 1‘o iu t T erm inal R y & W arehouse Co. issued i»y D rexel, M or
g a n & Co., and c o u n te rsig n e d b y the C entral T ru st C o m p a n y , lo r the 6
p er ce n t an d o p e r c e n t uou ds, and also th e coiu m ou am i p r e fe rr e d
stocks.
,
C h i c a g o <fe G r e a t W e s t e r n R a i l w a y C o m p a n y ’ s a d d ition a l iss u e o r
4. per ce n t u e b e o tu re s to c k , $ 2,0 0u ,u 0 0 , m ak in g t o t . l a m o u n t Jisted
1,052'UOO.
L o u i s v i l l e N e w A l b a n y & C h i c a g o R a i l w a y C o m p a n y — C entral
r r u s t c o m p a n y ’ s e n g ra v e d r e c e ip ts fo r d e p o sits o f ca p ita l s to c k , f o r
th e p u rp o se o f fa ciL tu iiu u ih e cla ssifica tio n o f ZS p er c e u t o f ih e pres
en t s to c k as p r e fe rr e d s to ck and th e re m a in d e r as n e w co m m o n sto ck .
Pacific Mail —At the annual meeting on Wednesday
duectois were elected for the ensuing year as follows: Colli3
P. Huniingtoo, George J. Gould, J. B. Houston, Henry Halt,
I-aac E. Gates. Calvin S. Brice, Samuel Thomas, Edward
Lauterbaeh and Russell Sage. Thedu-ectors afterward elected
Mr. G. P. Huntington President.
W
F or continuation o f this departm ent see pages 9 3 1 and 9 3 2 *
THE CHRONICLE.
&21
[V o l . LVI,
Hlepacts and d o cu m e n ts.
S O U T H E R N
P A C I F IC
C O M P A N Y .
ABSTRACT OF THE REPORT FOR THE YEAR ENDING DECEMBER 81, 1892.
New Y ork , April 10, 1893.
To the Stockholders :
The President and Directors submit herewith their report showing the operations of the proprietary lines of the
Southern Pacific Company, and those operated by it under leases, for the year ending December 31, 1892, and statements
showing their financial condition at the close of the year.
M IL E A G E O F L E A S E D A N D P R O P R I E T A R Y L IN E S .
The mileage of the railroads to which the earnings, expenses and traffic statistics herein appertain is as follows :
R
L ea sed
L in es.
a il r o a d s .
P a u l t ic S y s t e m .
Total
P ro p rie ta ry
D ecem ber 3 1,
L in es.
1 89 2 .
Total
Decem ber 31,
1891.
In crea se.
*1,529*20
3 9 2 50
171*06
104*00
3 00 -3 3
53*60
1 ,5 3 6-3 7
392*50
17i * 06
104*00
390*38
53*60
1,35R*65
567*50
57*50
28*50
1 1 5 -4 4
1,474*54
3 8 10
1 71-06
104*00
390*38
53-60
1,360-28
567 50
57*50
2^-50
1 15 -4 4
61 83
4*40
2,640*74
4 ,7 7 6 -5 0
4 .7 1 0 -9 0
€ 5 60
T e x a s T ra n s p o rta tio n C om p a n y .................................................................
283*22
112*46
206*83
9 36 -9 0
111*17
91*00
7*90
283*22
1 12 -4 6
2 06 -8 3
93690
111*17
91*00
7 -y o
283*50
112*03
207*73
936*90
111*20
91*00
8*C0
T o t a l A tla n tio S y stem .........................................................................
1,749*48
1,749*48
1,750*36
4.390*22
6,525*98
6.461*26
8*96
2 8 '2 8
3 -20
8-96
28*28
8-97
8 96
28*28
8-97
37*24
49*41
46*21
3 20
7-17
C a lifo rn ia P a cific R a ilro a d .........................................................................
1,3 5 0-6 5
5 67 -5 0
57*50
28-5 0
115 4 4
T o ta l P a cific S y s tem ............................................................................
2,135*76
A tla n t ic S y ste m .
2,135*76
S econ d tr a c k :
3 '2 0
C en tra l P a cific R a ilr o a d ...........................................................................
8*97
T o t a l s e co n d t r a c k ........................................................... .......... ......
12*17
D e er ease.
•63
•28
■43
•90
•03
•10
•88
64-7 2
______________
3*20
T o ta l len g th o f s in gle t r a c k ..................................................................
2,147*93
4 ,4 2 7 -4 6
6 ,5 7 5-3 9
6 ,5 0 7 -4 7
6 7 ‘96
L e n s tli o f s id in g s ..................................................................................
4 2 4 87
831*64
1,256*51
1 ,1 9 0 0 3
6 6 48
____________ _
* D o e s n ot in elu d e 2 4 ? -3 7 m iles b e tw e e n M o ja v e, C al., an d T h e N eed les, as th is lin e is p e rp e tu a lly le a se d , and c o n tr a c t d e liv e re d f o r its sal e
t o th e A tla n tio A P a cific R a ilroa d C om p a n y , th a t co m p a n y p a y in g , as ren ta l, au a m o u n t e q u a l to the in te re s t on th e b o n d s w h ich w ere issu ed
o n said line. T his ren ta l a m ou n ts to tu e a nnu al su m o l $ 4 3 6 ,1 6 6 . an d is trea ted as ren ta l r e c e iv e d to r a c c o u n t o f th e S ou th ern Pacific Kailroatt
o f C a liforn ia in th e a cco u n tin g b etw een it an d th e S ou th ern P a cific C om p a n y , as the in te re s t p a id by the la tter, as le sse e , in clu d e s in te re s t o n all
th e o u tsta n d ii g b on d s, in th e r e p o rt o f th e S ou th ern P a cific R a ilro a d C o m p a n y o f C a lifo rn ia this m ile a g e is in clu d e d , as it is c o v e r e d b y its
th irty -y e a r s ix p e r ce n t b on d s.
The increase of 65'60 miles in operated mileage consists in the following extensions and acquisitions :
Southern Pacific Railroad o f Californios.—March 14th, Redlands Junction to Crafton, 7 miles; July 1st, Collis to Fresno
15-39 miles; Oct. 1st, Fresno to Pollasky, 23'70 miles; December 31st, Declez to Declezville, 2-55 miles; Baden to San Bruno,
3'67 miles; Santa Monica to Santa Monica Wharf, 2-35 miles; making a total of o4'66 miles of newly-built lines. The com
pany also leased, March 14th, from the San Bernardino & Redlands Railroad, at a rental of $6,000 per annum, its line of road
from San Bernardino to Motor Junction, a distance of 7T7 miles.
Southern Pacific Railroad o f Arizona,.—December 1st, reconstruction of line between Yurni and Mescal, 4'40 miles.
Central Pacific Railroad.—On June 30th 0'63 miles of the local Alameda line was taken up.
Portland & Yamhill Railroad.—This company is successor to the Portland & Willamette Valley Railway referred to in
the last Annual Report. On September 1st it leased its line of railroad to the Southern Pacific Company for a period of 99
years. The lessee is to pay out of the earnings and income derived therefrom the expenses of operation, taxes, and is to repair,
maintain, improve and add to the property a3 its business may require, and, after the payment of such expenses, shall apply
the residue ot the net income and earnings of said railroad, to such extent as shall be required for the purpose, to the payment
of the current interest from time to time becoming due and payable during the existence of this lease. The lessee shall be
entitled to retain for its own use all net earnings or income remaining after payment of the aforesaid expenses, the interest
upon its bonded debt, and six per cent upon its capital stock.
The average number of miles operated for the year were 0,435*69 miles, an increase of 110-16 miles over the average
number operated in 1891.
In addition to the aforementioned lines of railroad the company operates also a line of ocean steamships between New
Orleans and New York; New Orleans to Havana, via Tampa and Key West, Florida; New Orleans to Bluefields, Nicaragua
and Bocas del Toro; and Morgan City to Brazos, Santiago,—aggregating 7,916 miles. Also several lines of inland river
steamers, ferries and transfers in Louisiana and Texas aggregating 179 miles, and in the State of California aggregating 348
miles, making a total of 9,323 miles of water lines. Fuller details of these steamer lines, and the various divisions of the rail”
road lines, are shown on table No. 1, and the floating equipment employed in the ocean, river and ferry service, their char”
actei and capacity, on table No. 30, accompanying the report of the Secretary and Controller,
G
eneral
O p e r a t io n s .
Hie following statement shows the transportation earnings of the aforementioned railroad and steamship lines, receipts
from all other sources, operating expenses, fixed and other charges which are an obligation of the proprietary companies or
of the Southern Pacific Company as lessee.
ihe year s operations are distributed respectively under “ leased lines” and “ proprietary lines.” Under “ leased lines” are
shown the profits or losses from the operation o f said leased lines which may inure to or become a charge against the income
account of the Southern Pacific Company. Under “ proprietary lines” are shown the earnings over operating expenses, taxes
and fixed charges, which inure to the Southern Pacific Company as the principal owner of the stock of said proprietary
compands.
THE CHRONICLE.
J'/NE 3, 1893.]
925
=23
L ea sed L in es.
Total.
Pretjrrielary L in es.
A v e r a g e m ile s o f ro a d o p e r a t e d ...........
2 ,1 2 8 -9 0
4,350*79
T o ta l tra n sp o rta tion e a rn in g s ...............
O p e ra tin g e x p e n s e s ...................................
$ 1 8 ,2 3 7 ,0 7 4 71
1 1 ,3 2 2 ,0 7 7 2 1
$ 3 0 ,7 3 4 ,5 2 0 49
1 9 ,9 6 6 ,1 2 2 03
$ 4 9 ,9 7 2 ,1 9 5 20
3 1 ,2 8 8 ,1 9 9 27
$ 6 ,9 1 5 ,5 9 7 47
2 2 ,0 3 7 7 3
1 4L .886 9 0
$ 1 0 ,7 6 8 ,3 9 8 46
5 2 9 ,7 6 0 42
$ 1 7 ,0 8 3 ,9 9 5 93
5 5 1 .8 1 3 15
1 4 1 ,8 8 6 9 0
$ 7 ,0 7 9 ,5 4 2 10
$ 1 1 ,2 9 8 ,1 5 8 88
$ 1 8 ,3 7 7 ,7 0 0 98
E arn in g s o v e r o p e r a t in g e x p en ses
T ra ck a g e an d o ilie r re n ta ls ......................
O th e r r e c e ip t s ................................................
T o ta l r e c e ip ts o v e r o p e ra tin g e x p o n s cs
O th e r p a y m e n ts ch a rg e a b le to in co m e
T a x e s . . . .........................................................
B e tte rm e n ts and a d d itio n s .....................
Interest, on b on d ed d e b t ..........................
In terest on floa tin g d e b t ..........................
C. P re n ta l an d eiu k iu g fu n d s .............
C a lifo rn ia P a cific r e u ta ...........................
T ra ck a g e an d o th e r r e n ta ls ...................
O th er p a y m e n t s .........................................
$ 5 5 0 ,7 3 5 .32
2 9 2 .7 9 7 4 2
4 ,1 6 4 ,0 6 5 0 0
2 ,2 6 9 ,9 2 6
0 1 2 ,0 2 1
4 5 ,6 ?3
2 7 ,8 4 7
$ 6 9 9 ,1 1 3
4 6 ,2 8 0
6 ,3 4 8 .4 1 3
1 8 9 ,3 3 4
60
00
33
91
T o t a l..........................................................
$ 7 ,9 8 3 ,0 8 6 58
E a rn in g s u n d e r fix ed c h a r g e s ......................
E a rn iu g s o v e r fixed p lu n g es..........................
$ 9 0 3 ,5 4 4 48
0.485*69
95
36
28
81
$ 1 ,2 4 9 ,8 4 9
3 3 9 ,0 7 7
1 0 ,5 1 2 ,4 7 8
189 3 3 4
2 ,2 8 9 ,9 2 6
6 1 2 ,0 2 1
5 4 3 .8 1 6
2 7 ,8 4 7
0 0 1 ,1 2 2 83
•
27
78
28
89
60
00
16
91
$ 7 ,7 8 4 ,2 6 5 31
$ 1 5 ,7 6 7 ,3 5 1 8 9
$ 3 ,5 1 3 ,8 9 3 57
$ 2 ,6 1 0 ,3 1 9 0 9
4 4 1 ,1 8 0 14
2 1 1 ,9 3 2 6 6
A d d —D u e fr o m O regon & C a lifo rn ia R a ilro a d C om p a n y f o r a co o u n t o f o p e ra tio n f o r th e y e a r 1S92
I n c o m e fr o m o t h e r in v e s t m e n ts ....................................................................................................................
$ 3 ,2 6 3 ,4 6 1 £ 9
T o ta l e a rn in g s fo r th e y e a r o v e r all fix e d ch arges.
The expenditures for betterments and additions for account of the proprietary lines which are a charge to the capital
account of said lines have been .$2,301,737 28. Taking these expenses into the calculation of the year’s operations, the earn
ings of the company have exceeded its disbursements of every character, including those for betterments and additions, in
the sum of §961,724 63.
Comparing the net results for the year with those for 1891, there is a decrease of $721,983 22 in the earnings over all fixed
charges, i. e., in the sum inuring to the Southern Pacific Company as the principal owner of the stock in the proprietary
companies, and such other profits or losses from the operation of the leased lines that have inured to it, or become a charge to
its income account.
The following statement distributes the operations of these properties under the division of the Pacific and Atlantic sys
tems respectively. Under these two systems the earnings and expenses have, since the organization of the company, been
accounted for and reported. A3 the transportation operations and all statistics appertaining thereto have been similarly
distributed, this arrangement of reporting these results is continued for the purpose of facilitating comparison.
R
e c e ip t s , a n d
D
P a cific System. A tla ntic System
is b u r s e m e n t s .
4,736-21
A v e r a g e m iles o f r o a d o p e ra te d ..............................
'1 ,7 4 9 * 1 8
Total 1892.
Total 1891.
Increa se.
6,485*69
6,375*53
110 1 6
G ro ss e a r n in g s :
R a ilro a d s and fe r r ie s ................................................
S team sh ip lin e s ..........................................................
T ra n s p o rta tio n lin e s in L ou isia n a a n d T e x a s
$ 3 5 ,4 7 4 ,1 2 4 50 $ 1 0 ,6 9 9 ,1 3 3 06 $ 4 6 ,1 7 3 ,2 6 2 56 $ 4 7 ,4 9 5 ,3 3 2 90
2 ,6 4 4 ,7 4 4 25
2 ,6 4 4 ,7 4 4 25
2 ,7 9 3 ,0 n 93
1 54 ,18 8 39
1 5 4 ,1 8 8 39
1 61 ,45 1 05
T o ta l tr a n s p o r ta tio n e a rn in g s..........................
O p e r a tin g e x p e n se s .....................................................
$ 3 5 ,4 7 4 ,1 2 4 50 $ 1 3 ,4 9 8 ,0 7 0 70 $ 4 8 ,9 7 2 ,1 9 5 20 $ 5 0 ,4 4 9 ,8 1 5 88
9 ,6 5 2 ,2 7 7 36 3 1 ,2 8 8 ,1 9 9 27 3 1 ,1 6 3 ,6 1 1 9 i
2 1,6 3 5 ,9 2 1 91
E a rn in g s o v e r o p e ra tin g e ip e n s e s ..................
T ra ck a g e aud o th e r re n ta l?.......................................
O th er r e c e ip t s ..................................................................
$ 1 3 ,8 3 8 ,2 0 2 59
4 7 0 ,7 2 7 91
7 4, LOS 15
$ 3 ,8 4 5 ,7 9 3 34 $ 1 7 ,6 8 3 ,9 9 5 93 $ 1 9 ,28 6 ,2 0 3 94
8 1 ,0 9 0 24
5 5 1 ,8 1 8 15
5 6 4 ,1 9 3 53
7 4 ,1 0 8 15
T o t a l ....................................................................................... $ 1 4 ,3 8 3 ,0 3 8 65
$ 3 ,9 2 6 ,8 8 3 58 $18 ,30 9 ,9 2 2 23 $ 1 9 ,8 5 0 ,3 9 7 47
O th e r p a y m e n ts ch a rg e a b le to in c o m e fr o m o p e r a
tio n s :
T a x e s .......................................................................................... $ 1 ,0 1 8 ,1 8 2
3 3 9 ,0 7 7
B e tte rm e n ts an d a d d itio n s ................................................
8 ,4 9 1 ,5 6 9
In te re s t on b o n d e d d e b t ......................................................
In te re s t o n flo a tin g d e b t ....................................................
C. P. R R . re n ta ls a n d sin k in g fu n d s ..............................
2 ,2 8 9 ,9 2 8
6 1 2 ,0 2 1
R e n ta l C a liforn ia P a cific R K .............................................
T ra ck a g e an d o th e r r e n ta ls ..................................... ........
1 4 6 ,4 0 0
83
78
64
60
00
63
T o ta l......................................................................................... $ 1 2 ,8 9 7 ,1 7 8 48
B a l a n c e .................................................................................
$ 1 ,4 8 5 ,8 6 0 17
$ 2 3 1 ,6 6 6 44
2 ,0 2 0 ,9 0 8 64
1 21 ,55 6 14
4 2 8 ,2 6 3 4 4
$ 1 ,2 4 9 ,8 4 9
3 3 9 ,0 7 7
1 0 ,5 1 2 ,4 7 8
1 2 1 ,5 5 6
2 ,2 8 9 ,9 2 6
6 1 2 ,0 2 (
5 7 4 ,6 6 4
27
78
28
14
60
00
07
$ 1 ,2 5 1 ,9 8 1
2 5 9 ,5 6 9
1 0 ,6 2 9 ,9 0 0
16,7 17
3 ,2 1 9 ,5 3 9
6 1 2 .0 2 1
4 8 6 ,7 0 4
25
91
23
64
90
00
60
D ecrease.
$ 1 ,3 2 2 ,0 7 0 3 4
1 4 8 ,2 8 7 68
7 ,2 6 2 66
$ 1 2 4 ,5 8 7 33
$ 1 ,4 7 7 ,6 2 0 6 8
$ 1 ,6 0 2 ,2 0 8 01
1 2,3 75 38
$ 7 4 ,1 0 8 i 5
$ 1 ,5 4 0 ,4 7 5 24
$ 7 9 ,5 0 7 87
1 0 4 ,3 3 8 50
$ 1 2 ,1 3 1 9 8
1 1 7 ,1 2 1 95
929*613 8 6
8 7 ,9 5 9 47
$ 2 ,8 0 2 ,3 9 4 66 $ 1 5 ,6 9 9 ,5 7 3 14 $ 1 6 ,4 8 3 ,4 3 7 59
$ 7 8 6 ,8 6 4 45
$ 2 ,6 1 0 ,3 4 9 0 9
$ 7 5 3 ,6 1 0 79
$ 1 ,1 2 4 ,4 8 8 92
$ 3 ,3 6 3 ,9 5 9 88
Comparing the above results with those for the year 1891 there has been:
A decrease in the gross transportation earnings of §1,477,620 63, or 2*98 per cent. On the Pacific System there was a
decrease of §1,535,933 66, or 4*15 per cent, which results entirely from the diminished earnings of the Central Pacific R. R.
On the Atlantic System there was an increase of §58,332 93, or *41 per cent.
An increase in the operating expenses of §124,587 33, or *39 percent. Tuere was a decrease on the Pacific System of
$172,873 31, or *79 per cent. On the Atlantic System, however, tli *ra was an increase of §297,430 61, or 3*20 per cent. Of this
increase §183 378 72 wai occasioned by a much greater amount of repairs a n l renewals on locomotives and freight cars than
ordinarily, and the remaind-r is due to an accident near Sanderson, oa the G H. & S. A. Ry. A Howe truss bridge, over
which a freight train was passing, was found to be on tire, and both bridge a u i train were entirely consu med.
A decrease in other payments chargeable to income from operations of $783,854 45, which is explained by the titles of the
items. There has been a decrease in inrerest on the bonded debt of the Central Pacific of §191.192 50, and an increase
in that of the Oreg m & California of §12,452 23, aud Gulf Western Texts & Pacific of §66,593 83, aud other minor charges
amounting to $2,277 51. Toe decrease in tae paymmts to tie Central Ptcific remits from a decrease in the earnings to be
paid over to them of §734,425 18; in sinking fund paymmts, §30,000 00; in U. S. sinking fund requirements, §36,487 94; in
Land Department expenses, §18.571 41; a a l i i trackage a n l otttsr rentals of §115 80, Tnere has been, however, an increase
in the following items, wnica, deducted from the abive items, will leave a net decrease of §736,831 45 aforementioned: in bet
terments and additions payable out of the income of the South >rn Paciic Co. of §70,507 87, of wiiich §57.93 5 57 wa3 o r the
Central Pacific, §5,359 39 oa tho California Pacific, §5,432 83 on the Northsrn Calif irnia Railway and §L0,759 08 oa the South
Pacific Coast Railway; in tra ikage and other rentals of §37,930 47, of winch §36.618 56 is for use of additional steamers run
ning between New York and New Orleans, and the r e n u u ie r for certain earnings payable to leased lines; in interest on
floating debt of §101,833 5), but this is suojec; to a deducttoi of §71,103 15 for interest oa balance of account, which appears
as a receipt of the Pacific System.
The changes in tr tnsp ircatioi earnings and operating expenses are n»*n fully explained under their several headings.
The expenditua*es for betterments and additions have been as follows: Charged to income from operations as ib ive, §339,077 78; charged t >capital account of the proorietary lines, §2,3 11,737 28; charged to capital account of leased lines, §13,615 27—a total of $2,659,430 3L, an increase of §‘331,401 83 over the year 1891. Tae detailsof taeee expenditures are more fully
shown under the heading of Betterments and Additions.
PASSENG ER
E A R N IN G S
AND
TRAVEL.
The passenger earnings on the ra’lroads, ferries and steamshios have been as follows:
F rom
P a cific System.
Total 1892.
Total 1891.
T h ro u g h p a s s e n g e r s ...................................
L o ca l p a ss e n g e r s ...........................................
B tea m sliip s.......................................................
$ 2 ,7 7 1 .0 5 1 1 7
8 ,5 2 4 ,8 6 0 98
$ 5 2 8 ,9 0 6 43
1 ,0 9 9 ,2 0 1 87
5 5 ,9 6 9 06
$ 3 ,2 9 9 ,9 5 7 60
9 ,6 2 4 ,0 6 2 85
5 5 ,9 6 9 06
$ 3 ,3 2 8 ,4 3 5 72
9 ,6 7 3 ,6 2 7 41
4 9 ,3 6 5 37
T o ta l 1 8 9 2 ................................................
T o ta l 1 8 9 1 ................................................
$ 1 1 ,2 9 5 ,9 1 2 15
1 1 ,3 3 1 ,7 8 0 18
$ 1 ,6 8 4 ,0 7 7 36
1 ,7 1 9 ,6 4 8 32
$ 1 2 ,9 7 9 ,9 8 9 51
1 3 ,0 5 1 ,4 2 8 50
$ 1 3 ,0 5 1 ,4 2 8 50
D e c re a se .....................................................
$ 3 5 ,8 6 8 03
$ 3 5 ,5 7 0 96
$ 7 1 ,4 3 8 99
A tla n tic System.
In crea se.
D ecrea se.
$ 2 8 ,4 7 8 12
4 9 ,5 6 4 5 6
$ 6 ,6 0 3 69
$ 7 1 ,4 3 8 9 9
THE CHRONICLE.
9 26
[VOL. LV1,
Of the decrease on the Pacific System, §22,248 58, or -80 per cent, is in through, and 813,624 45, or -16 per cent, in local
business including ferry-suburban. The less in tlin ugh business resulted entirely from a decrease in west-bound travel, and
that in local business, including ferry-suburban, from a decrease in the length of haul, ihe number of pas=engeis carried being
2-62 per cent greater than in lSfll. The above losses in earrings occurred almost entirely on the lines in Utah. Nevada and
California and California and Oregon. There has been, however, a gratifying ircreate in east-bonnd through travel, which
has largely offset the losses in west-bound travel delivered to us at Los Angeles, Mojave ard Portland.
On the Atlantic System tlieie was a decrease of $6,234 54. or 1-17 per cent, in through, ard 835.940 11. or 3-17 per cent,
in local business, and a gain in earnings from steamships of $6,603 69. The less in ihrough business resulted entirely from a
decrease in east-bound travel, and that in local business from a general diminution in travel following the business depression
caused by the low price of cotton in 1891. There has been a noticeable improvement in w< st-round throuiili travel, which
has offset a considerable part of the loss on east-bound travel. There was an increase of $10,261 50 in the earnings of the
Havana & Nicaragua steamship lines, but a loss on the Texas & Vera Cruz lines of 83.657 81, leaving a gain o f $6,603 69.
P a cific System. A tla n tic Syst'm
T h rou gh and lo c a l p a ssen g ers c a r r i e d ........................
6 ,1 7 0,00 9
1 2,1 63 ,7 4 0
T o ta l....................................................................................
1 8,3 3 3 ,7 4 9
P a ss e n g e rs ca rried o n e m ile ....... ...................................
A v e ra g e m iles tra v eled h y ea ch p a ss en g er.................
A v e ra g e re c e ip ts p e r p a ssen ger p er m ile .................
5 2 7 ,12 8 ,0 0 5
28-75
214
T ents.
-
Total 1892.
Total 1891.
Decrease.
Increase.
P er C ent.
921 ,93 7
4 ,9 0 9
7 ,0 9 1 ,9 4 6
1 2 ,1 6 8 .6 4 9
6 ,9 7 0 ,8 8 9
1 1,8 5 0 ,3 1 7
1 21 ,05 7
3 1 8 ,3 3 2
1*73
2-68
9 2 6 ,8 4 6
1 9,2 60 ,5 9 5
1 8 ,8 2 1 ,2 0 6
4 3 9 ,3 8 9
2-33
5 9 4 ,5 1 5 ,5 9 3
31*58
2*19
3 ,9 5 6 ,9 3 0
7 1 ,3 4 4 .5 1 8
76-98
2*28
C ents
5 9 8 ,4 7 2 .5 2 3
3107
2-16
C ents.
•51
Cents. *30
C ents.
•66
1 -6 1
1370
There were cartied during the year 226,382 through passengers, a decrease of 157, or '07 per cent, and 6,865.564 local
passengers, an increase of 121,214, or 1-80 per cent. On the Pacific System there was a decrease of 632 through passengers,
or -39 per cent, and an increase of 151,208 local passengers, or 2'58 per cent. On the At'antic System there was an increase of
475 through passengers, or '75 per cent, and a decrease of 29,994 local passengers, or 3-38 per cent. The small average miles
traveled on the Pacific System is due to tbe large ferry-suburban travel, which averages only 9-57 miles per passenger.
Eliminating these, the average miles traveled per passenger will be 66-56 miles.
FREIGHT EARNINGS AND TONNAGE.
The freight earnings on
P a cific System. A tla n tic System
C om m ercial F reight.
R a ilroa d s and fe rrie s .
S te a m sh ip s ....................
T o ta l 1 892
T ota l 1 8 9 1 .
Total 1892.
Total 1891.
D ecrease.
P er
C ent.
$ 2 0 ,2 6 0 ,4 0 4 21
$ 8 ,4 3 3 ,7 8 0 2?
2 ,5 5 8 ,7 7 5 19
$ 2 8 ,6 9 4 ,1 8 4 4 4
2 ,5 8 8 ,7 7 5 19
$ 2 9 ,6 6 8 ,3 3 5 00
2 ,7 4 3 ,6 6 6 56
$ 9 7 4 ,1 5 0 5 6 3-28
1 5 4 ,8 9 1 3 7 5-65
$ 2 0 ,2 6 0 ,4 0 4 21
2 1,5 0 8 ,5 9 3 91
$ 1 1 ,0 2 2 ,5 5 5 4 2
1 0 ,9 0 3 ,4 0 7 65
$ 3 1 ,2 3 2 ,9 5 9 63
32 4 1 2 ,0 4 1 56
$ 3 2 ,4 1 2 0 0 1 5 6
$ 1 ,1 2 9 ,0 4 1 93 3-48
$ 1 ,2 6 3 ,2 5 5 6 6
* 1 3 .4 9 1 63 1 0 7
D e c re a se .
In crease.
$ 1 ,2 4 8 ,1 8 9 70
$ 1 ,1 2 9 ,0 4 1 93
C om p a n y fre ig h t.
$1,04-1,061 53
$ 1 1 9 ,1 4 7 77
$ 0 8 ,7 0 2 50
$ 1 ,2 4 9 ,7 6 4 0 3
There has been a decrease in the earrings from commercial freight on tbe Pacific System of $i .248.189 70, or o -80 per
cent, and an increase on the Atlantic System of $119,147 77, or 1-09 per cent Company’s freight lias increased on the Pacific
System $18,593 63, or 1-82 per cent; and decreased on the Atlantic System S32,085 26, or 13-33 per cent. The decrease in the
commercial earnings of the Pacific System results in the greater part from tbe non-transportation of a consider tble part of
the grain crop of 1892, which is held in warehouses for better prices. In 1892, according to tbe report of the United States
Department of Agriculture, the grain crop of California was about 39,157,0 0 bushels, against 36,595,000 bushels in 1891, an
increase of 2,562.000 bushels. It is estimated that about 18,485,000 bushel-, or 553,063 tons, of grain are still in warehouses in
the interior of the State, and tbe transportation thereoD will, therefore, ultimately appear in tbe earnings of tbe company.
The decline in the price of wheat reduced the value of tbe crop of 1892 to about $26,626,584, against $34,765,336 for tbe crop
of 1891, and this decrease of over eight million dollars in the value of the crop of 1892, as compared with that of the preceding
year, was reflected in every channel of trade, reducing both our through and local business.
Of the above decrease in earnings, §435,871 88 was in through and $812,317 82 in local business, and it occurred almost entirely
on tbe lin» s in Utah, Nevada, Northern California and Oregon. The increase in local business in Southern Oahfi >rnia, Arizona
and New Mexico has about offset the decrease in through business on that part of the system. A surplus of ships unemployed
and seeking business without profit, simply to keep them going, secured some business which we would otherwise have ob
tained, but the loss in carrying freight so long a distance (18,000 miles) will be so great that it is not likely that they will continue
in this trade any length of time. There has been a gratifying increase in the shipment of deciduous fruit, raisins, beet sugar,
wine, vegetables and canned goods, but a decrease in beans, borax, salmon, wool and tea, mainly due to diversi ra by other
carriers, and some in citrus ftuit, as the crop was reduced by the frosts in December 1891. The hop crop in California and
Oregon exceeded that of 1891 by about 10,000 bales, but only about one-third of the crop in California and one-half of the
crop in Oregon has been shipped, the remainder being held for better prices.
The v heat crop in the S-ate of Oregon m 1892 was only 9,779,090 bushels, valued at $5,312,763 00, against a crop of §13,149,000 bushels, valued at $11,571,160 00 in 1891. The depressing effects of this shortage m crop and shrinkage in value were
felt in every avenue of business. The fruit crop was also unsatisfactory; and the mil t winter in Nevada lessened the usual
cattle shipments from there to Oregon, these causes operated to reduce the freight earnings of the companv’s lines in Oregon,
and pariicnlatly those of the Oregon & Calirornii, on which the decrease amounted in the aggregate to $33,304 22, or 3'67 per
cent. There his beep, however, a gratifyiug increase in traffic interchanged between Oregon and Southern Udifornia, which
will grow steadily with the development of the material resources of the respective sections. In the State of Nevada the live
stock interests are recovering from the disastrous winter of 1889, and the shipments for 1892 show a gratifying increase.
There has also been a considerable increase in the shipments of lumber and ore, and some in grain and potatoes, but a decrease
in hay because of the low prices.
On the Atlantic Svstem there has been an increase in earnings from through freight of $481,373 47, or 10-47 per cent, and
a decrease of $207,334 33, or 5-81 per cent, in local freight, and a decrease in steamship earnings of $154,891 37, or 5'6o per
cent. Ot the increase in through Ireight 844.774 84, or 5-18 per cent, was in east-b >und, pnn ipally in live stock, cotton and
ores, and $396,598 63. or 13 41 per ceut, was in west-bound, principally in lum.ier from Eastern Texas, corn for Mexico, sugar
to lexas, and some copper, lead and bullion to El Paso. The greater part of the decrease in lo ;al freight results from the
reduced rates forced upon the railroads by the Railroad C jmmissioners of the State of Texas, and which were m effect until
August 22, 1892 when the railroads in that State were granted a temporary injunction from putting or con iuuing in effect
the tariffs, circulars or orders of said Railroad Commissioners. About Se; temoer 1st the rates formerly charged were in the
mam restored, and the company saved irom further loss by this most a-bitrary attack upon its revenue. The remaining
decrease in local business resulted Iro n a diminished yield of sugar and molasses from that expected, and a decrease in the
acreage-planted in cotton. The low price of cotton in 1891 induced m m y planters to substitute rice for co-ton. and, as a
sequence, ihe rice crop exceeded the most sanguine expectations. The total crop for the year amounted to 179,540,488 pounds,
an increase of 118,021,786 pounds, or 191-85 per cent, over 1891.
The decrease in the earnings of the steamship lines resulted entirely from sixteen less trips made by the New York and New
Orleans line than n 1891. There was a gain in the earnings of the Havana and Nicaragua line and from charter of steamers,
amounting to S2I0.314 75.
The mowTnci.r ot commercial freight over the railroads and ferries, excepting that carried on steamships, was as follows :
Faciftr. System. A tlantic System.
T ons ca rried .................................................
T o n s ca rried o r e m ile ....................................
5 .2 3 .385
1,116.189.1141
A v e ra g e r e c e ip ts p e r ton mi l e ......................
Gents.
I «1 3
2,3 8 5,09 2
6 7 9 ,5 9 5 ,0 8 9
C ents.
1 '2 4 L
Total 1 89 2 .
Total 1891
7 ,6 1 8 .4 7 7
1 ,7 9 5 ,7 8 u 0 3 0
235 7 1
C ents.
1-598
7 ,6 1 9 ,4 5 8
1 ,7 8 9 ,4 5 0 , 59
234-85
‘ ’ ents.
1-653
In crea se.
D ecrease.
&.3 3 4 ,9 7 1
•86
•60>1
OnJanui' i 1. 189;,, a change was made tu cue cl iSsttication of tbrou'h an l lncal tounage. This made it impossible to
compare the chan res m each clas3 of tonnage with former years with any satisfactory degree of accuracy, and the com
parisons are therefore for this year omitted. On the Pacific System there has been a decrease of 454,671 tins, or 799 per
cent, a decrease in ton miles of 55,882,245, or 4-77 per cent, and an increase in length of haul of 7"23 mites, or 3'51 per cent
THE CHRONICLE.
J une 3, 1893.]
927
On the Allantic System there has been an increase of 453.690 tons, or 33 49 per cant, an iucrease in ton miles of 63,317,316, or
10'08 per cent, and a decrease in length of haul of 34‘73 miles, or 10'86 ner cent. In addition to the above tonnage there
were carried 1,663,337 tons of fuel and other material for company’s use, aggregating 383,170,381 ton miles, on which was
charged an average rate of freight of •443 cent per ton mile.
O T H E R T R A N S P O R T A T IO N E A R N IN G S .
The earnings from mail, express and other sources, on the railroads, and ferries, have been as follow s:
E a r n in g s
P a cific System.
from
T o ta l 1 8 9 2 ...............................................................................
T o ta l 1891
........................................................................
A tla ntic System.
Total 1892.
$ 2 ,8 7 8 ,7 1 6 61
3 ,1 4 7 ,2 3 6 17
$ 5 8 2 ,7 3 5 12
5 7 5 ,8 9 3 99
$ 3 ,4 5 9 ,4 8 2 03
3 ,7 2 3 ,1 3 0 46
$ 2 7 0 ,4 8 9 56
....................
'$ 6 .8 4 i 4 3
$ 2 6 3 ,6 4 8 13
I n c r e a s e ....................................................................................
O P E R A T IN G
I
Total 1 89 1 .
D ecrease.
| $ 3 ,7 2 3 ,1 3 0 1 6
$ 2 0 3 ,6 1 8 13
EXPEN SES.
The operating expenses of the railroads, ferries, steamships and transportation lines have been as follows:
Pacific System.
A tla n tic System.
Total 1892.
$ 5 ,2 7 8 ,0 1 9
3 ,1 6 5 ,4 9 8
1 1 ,0 3 1 ,5 2 7
2, LG0,816
$ 1 ,8 5 8 ,6 6 5
l,2 2 4 ,3 o 8
3 ,8 3 8 ,7 0 6
646.17 9
2 ,0 8 4 ,: 5 7
$ 7 ,1 3 6 ,7 1 4
4 ,3 8 9 .8 6 7
1 1,8 7 0 ,2 3 3
2 .8 0 7 .0 2 6
2 ,0 8 4 .3 5 7
T o ta l.............................................................
31
52]
8e
$ 2 1 ,6 3 5 ,9 2 1 91
45
6;
24
3*2
7<
$ 9 ,6 5 2 ,2 7 7 36
In crea se.
Total 1 891.
$ 6 ,7 4 1 ,1 8 9
4 ,2 8 5 ,6 5 7
15,5 2 3 ,2 2 1
2 ,5 5 1 ,0 8 1
2 ,0 5 2 ,4 8 2
75
25
45
1*
70
35 $ 3 9 5 ,5 2 5
64
1 0 4 ,2 0 9
37
2 4 5 ,9 4 4
50
08
3 1 ,8 9 5
D ecrease.
$ 6 5 2 ,9 8 7 92
67
62
$ 3 1 ,1 6 3 ,6 1 1 9 4 $ 1 2 4 ,5 8 7 33
$ 3 1 ,2 8 8 ,1 9 9 27
P e r Cent
40
56
r
r” '
t>eo-H©to
00-8<
U3n t* <ri ^ i
Fob
M a in ten a n ce o f w a y and s tr u c tu r e s ___
M a in ten a n ce o f e q u ip m e n t..........................
C o n d u ctin g tra n s p o r ta tio n ........................ .
G en eral e x p e n s e s ............................................
S te a m sh ip s .........................................................
•39
The operating expenses of the railroads and ferries of the Pacific System absorbed 00-99 Der cent of the gross earnings,
against 58-93 per cent in 1891, and those of the Atlantic System 69-73 per cent, against 68'59 per cent in 1891. The average
for both systems has been 63 04 per cent, as against 61-77 per cent in 1891. The steamship lines have been operated for 78-81
per cent of their gross earnings, as against 73'48 per cent in 1891.
BETTERMENTS AND ADDITIONS.
The expenditures for betterments and additions were $3,659,430 31, of which $3,330,353 53 has been charged to the leased
and proprietary companies respectively, being for the benefit and account of said comptnies, and the balance, 8339,077 78,
has been charged to the income account of the So. Pac. Co. The expenitures made for account o f each property are as follows
E xp ended f o r
A cco u n t o f
L ea sed Lines.
R a il r o a d s .
E xp en d ed f o r
C harged to
A ccou n t o f
In com e A ccou n t
P ro p riety L ines.
So. P a c. Co.
$ 4 1 2 ,2 2 2 57
5 3 1 ,7 8 5 21
5 ,5 2 8 23
$ 3 6 ,6 5 1 80
4 7 ,2 8 9 65
9 ,6 2 8 56
2 7 9 ,6 6 8 7 9
$ 1 3 ,2 2 0 72
1 3 ,1 2 8 6 3
5 ,3 9 4 55
7 0 2 ,2 6 9
2 0 7 ,2 0 9
1 3 7 ,6 2 8
1 8 4 ,6 5 4
4 ,0 0 9
3 6 ,7 9 4
3 2 ,3 4 6
T o t a l.......................................................................................................................................................................
$ 1 8 ,6 1 5 27
03
46
46
18
48
42
57
$ 2 ,3 0 1 ,7 3 7 26
$ 3 3 9 ,0 7 7 7 8
P R O P R I E T A R Y L IN E S.
The earnings of the proprietary lines of which the net profits inure to the Southern Pacific Company as the principal
owner of the stock of said proprietary lines, and for which stock of the South. Pac, C >. i3 outstanding, have been as follows :
1892.
1 89 1 .
In crea se.
D ecrease.
A v e r a g e m iles o f ro a d o p era ted ............................................................................
4,3 5 6-7 9
4,2 5 5-3 1
101-48
G ro ss tra n s p o rta tio n e a rn in g s ...............................................................................
$ 3 0 ,7 3 4 ,5 2 0 49
5 2 9 ,7 6 0 4 2
$ 2 9 ,9 8 9 ,3 1 7 56
6 5 9 ,2 1 9 89
$ 7 4 5 ,2 0 2 93
$ 1 2 9 ,4 5 9 4 7
$ 3 1 ,2 6 4 ,2 8 0 91
$ 3 0 ,6 4 8 ,5 3 7 45
$ 6 1 5 ,7 4 3 4 6
$ 1 9 ,2 7 0 ,1 1 2 41
1 1 ,3 7 8 ,4 2 5 04
$ 6 9 6 ,0 0 9 62
R e c e ip ts o v e r o p e ra tin g e x D en ses.............................. .......................................
$ 1 9 ,9 6 6 ,1 2 2 03
1 1,2 9 8 ,1 5 8 88
T a x e s and all o th e r fix e d ch a r g e s .........................................................................
E a rn in g s o v e r all fix e d ch a r g e s ............................................................................
$ 7 ,7 8 4 ,2 f 5 31
3 ,5 1 3 ,8 9 3 57
$ 7 ,6 2 0 ,9 5 6 60
3 ,7 5 7 ,4 6 8 4 4
$ 1 6 3 ,3 0 8 71
B ette rm e n ts an d a d d ition s ch a rg e d to ca p ita l a c c o u n t ..............................
$ 2 ,3 0 1 ,7 3 7 26
$ 1 ,8 6 8 ,2 6 3 67
$ 4 3 3 ,4 7 3 59
$ 8 0 ,2 6 6 16
$ ■ 4 3 ,5 7 4 87
The increase in the operating expenses results from exceptional expenses on the Southern Pacific Railroad of California*
in widening roadbed, for ballasting, iu iron bridges, and in a general improvement in the roadbed and track ; on the Galves
ton Harrisburg & San Antonio Railway, for renewal of rails and rolling stock, and in claims arising from the burning of a
freight train near Sanderson ; and on the Mor gan’s Louisiana & Texas Railroad and Steamship Co., for renewal of rails and
rolling stock, and in repairs of steamships.
The gross receipts have averaged §7,175 98 per mile of road. Operating expenses, $4,583 76, and taxes and other fixed
charges, §1,786 69, making a total of $6,369 45 per mile of road, leaving eamiugs iver all fixed charges §8)6 53 per mile of road.
There has been expended since the acquisition of these properties in 1885 to December 31, 1893, for betterments and
additions, the sum of §11,629,301 68, of wnich 11,217,990 22 stands charged to the capital account o f the respective compa
nies, $381,311 46 to the income account of the Southern Pacific Company, this is exclusive of equipment running on the
Southern Pacific Railroad of California and other proprietary lines, costing $3,336,414 14, which has, in part, since been sold
to the Central Pacific RR. Co., and the, balance shown in a separate account as surplus equipment on hand. The general
character of i he.-e betterments and additions to December 31,1891, was published in the annual report for that year, and fuller
details are given in each annual report.
The aggregate cost of these properties, their assets and liabilities, is represented oa Dec. 31, 1892, by the following sums :
A
ssets.
C o st o f r o a d a n d fr a n c h is e s ......................................................$ 2 8 9 ,3 0 2 ,1 0 3 16
B ette rm e n ts an d a d d itio n s s in ce a c q u is itio n ...................
1 1 ,2 4 7 ,9 9 0 22
S ta te o f T e x a s s u b sid y la n d s ..................................................
2 ,2 2 3 ,7 1 1 7 6
O th e r la n d s in S tate o f T e x a s ..............................
2 3 9 ,8 8 3 90
S to c k s iu p ro p rie ta ry c o m p a n ie s ...........................................
7 0 6 ,4 4 7 90
S tock s in o th er c o m p a n ie s ........................................................
7 4 .8 0 0 00
5 7 0 II. & T. (J. R R . 4 p . c. g e n e ra l m o rtg a g e b o n d s ........
3 7 0 .5 0 0 00
M u n icip al b o n d s ............................................................................
48.5O0 0 0
L a n d c o n t r a c t s ...................................................
2 ,5 6 2 ,9 3 3 16
C ash ....................................................................................................
1 84 ,57 8 99
B ills r e c e iv a b le ..............................................................................
1 45 ,62 2 21
S in kin g fu n ds ................................................................................
1 ,7 9 4 ,4 2 1 79
I n d iv id u a ls an d c o m p a n ie s ......................................................
7 8 ,1 6 8 72
S ou th ern P a cific C o m p a n y ......................................................
1 ,5 0 3 .3 3 3 53
U n a d ju ste d a cco u n ts .................................................................
1 7 2 .9 3 2 42
S. P . R R . o f Cal. 5 p e r c e n t b o n d s in tr e a s u r y ..............
8 7 8 ,0 0 0 00
S u rp lu s e q u ip m e n t......................................................................
7 2 0 ,8 1 0 15
T otal
$ 3 1 2 ,8 0 5 ,0 4 1 00
L i a b il it ie s .
M ortg ag e b o n d s .... .............................................................
$ 1 1 9 ,8 9 3 ,2 1 6 08
State o f T e x a s sch o o l d e b t ..............................................................
4 5 7 ,6 3 9 97
(Aipiral s t o c k ......................................................................................... 1 6 4 ,2 0 6 ,5 5 2 00
L a n d trustees ................................................................................
3 2 5 ,3 7 0 38
S in hiug fu n d s u n in v e s te d ................................- .......................
2 4 6 ,8 8 2 41
P acific im p r o v e m e n t C o m p a n y ...................................................
7 2 3 .8 1 4 94
U n p a id c o u p o n s ............................................................................
1 9 ,0 o 7 17
Iu terest a o c r u e d o n co u p o n s m a tu rin g in 1 8 9 3 .............
3 4 9 ,2 5 6 67
U npaid iu torest. G . H & S. A . R y „ W estern D iv is io n ,
seoon d m o rtg a g e b o n d s .........................................................
1 ,3 3 4 ,3 4 0 00
U n a d ju sted a c c o u n t s ...................................................................
2 8 0 ,7 0 7 1 4
B a la n ce fr o m in co m e a c c o u n t .......................................................
2 4 ,9 6 8 ,2 0 4 2 4
T otal
„ . . . .$ 3 1 2 ,8 0 5 ,0 4 1 0 0
THE CHRONICLE.
928
|Yo l .
l v i.
Of the above $164,206,552 capital stock, the Southern Pacific Company owns $162,396,750, and $914,400 is owned by the
proprietary companies. The details of the assets and the liabilities of each company are shown in the report of the Secretaryand Controller, and in the accompanying reports of the respective companies.
The following are the more important changes in above items, compared with the results shown at the close of 1891.
There has been an increase in bonds owned amounting to $419,UOO, consisting of 570 H. & T. C. R. R. Co. 4 per cent general
mortgage bonds received by the M. L. & T. R. R. & S. S. Co., on account of loans made to the H. & T. C. R. R. Co. in former
years and investments in municipal bonds of $48,500. Betterments and additions were made to the properties during the
year to the amount of $2,348,017 62, as shown by Controller’s tables 12 and 13, of which the sum o f $16,280 36 was, under
terms of leases, charged ro income, and does not affect the above statement. Surplus equipment of the S. P. R. R. of Cal.,
which was included in this account to the amount of $2,326,496 88, was in part sold to C. P. R. R. Co., in part assigned to
constructed lines, and the remainder transferred to Surplus Equipment account. The mortgage bonds outstanding were re
duced during the year $560,500 by the redemption of S. P. R. R. of Cal. bonds to that amount with the proceeds of land sales.
Capital stock outstanding was reduced by the amount of $510,675, owing to the sale of the property of the Buffalo Bayou
Ship Channel Co. and the consequent dropping of that company trom the list of proprietary lines. The balance from income
account, representing the surplus of assets over liabilities, increased during the year to the amount of $2,256,342 88.
SOUTHERN
P A C IF IC
COM PANY.
The assets of the Southern Pacific Company, which represent its stock, liabilities for the stock of the proprietary and other
companies, and its liability for other property owned and incurred in the operation of the proprietary and leased companies,
and the assets against the same, were on December 31, 1892, as follows:
A ssets
an d
L ia b i l i t i e s S o u t h e r n P a c if ic C o m p a n y D e c e m b e r 3 1, 1 8 9 2 .
S tock s in p ro p rie ta ry c o m p a n ie s ..........
$ 1 1 7 ,6 " 2 ,6 3 7 33
S tock s in o th e r co m p a n ie s ........................
1 ,1 1 2 ,9 3 3 6 7
B o n d s in p rop rieta ry co m p a n ie s ........... $ 2 ,3 3 3 ,1 7 8 33
Steam sh ips and o th er p r o p e r t y ............. 3 ,1 9 5 .6 6 6 93
C a s h . . . . : . ....................................................... 3 ,1 9 2 ,5 4 6 22
A g e n ts and co n d u c to r s .............................. 1 ,2 1 6 ,7 6 3 58
T a ciflc Im p ro v e m e n t C o m p a n y ............. 1 ,0 5 8 ,4 9 3 0 2
In d iv id u a ls and co m p a n ie s ...................... 1 ,3 0 5 ,3 3 1 5 4
U n ited States G o v e rn ’ c tra n s p o rta tio n 2 ,5 5 7 ,8 4 5 55
N e w c o n s tr u c tio n :
P ro p rie ta ry co m n a n ie s ..........................
5 7 4 ,3 1 6 49
L ea sed lin e s ................................................
1 7 7 .8 9 9 68
O th er co m p a n ie s ......................................
719,3 80 51
N ew e q u ip m e n t. .........................................
4 3 .9 6 1 1 0
H ous. & T ex. C ent R y. re o r g a n iz a tio n .? 2 ,4 4 6 .1 9 9 3 2
H o u ston & T e x a s C entral R a ilroa d C o.
1 9 2 .86 1 47
U n a d ju sted a c c o u n t s .................................
6 9 6 ,4 5 2 05
S to ck o f s u p p li e s ..;..................................... 4 ,6 7 0 ,3 4 5 69
2 4 ,3 8 1 .0 4 7 53
$ 1 4 3 ,0 9 6 ,6 1 3 53
T ota l.
LIABILITIES.
C apital s t o c k ...................................................
S team sh ip b o n d s ...........................................
L oa n s an d h ills p a y a b le .............................$1. 9 3 4 ,5 3 4
V o u ch e rs an d p a y -r o lls .............................. 4.,823,786
In d iv id u a ls an d co m p a n ie s ....................... 2,,7 8 8 ,5 39
P ro p rie ta ry c o m p a n ie s —b a l a n c e .......... 1,,5 03,333
L ea sed c o m p a n ie s - b a la n c e ..................... 1.,0 3 0 ,5 3 6
9 7 .9 3 d
C ou p on s d u e and u n p a i d ..........................
C ou p on s m a tu rin g Jan . 1. 1 8 9 3 ............. 2, 4 4 0 ,7 1 0
A c c r u e d in te r ’t to D ec. 3 1, d u e in 1 8 9 3 1 0 9 0 ,6 3 7
4 9 4 ,0 6 0
U n a d ju sted a c c o u n t s ..................................
5 3 6 .6 4 1
M arine in su ra n ce f u n d ..............................
S team sh ip in s u ra n ce f u n d ............... .........
2 1 0 ,4 2 5
4 2 2 ,4 9 6
R e n e w a l fu n d s fo r ca rs & lo c o m o tiv e s .
T a x e s u n p a id ..................................................
2 7 5 .7 4 6
7 2 0 ,7 0 6
T a x e s iu s u s p e n s e .......................................
80
16
20
53
50
10
00
16
41
06
25
85
24
41
$ 1 1 9 ,0 4 7 . 1 7 0 OO
2 ,920. 0 0 oO
18.370. 139 7 0
2 ,7 5 0 , 308 83
B a la n ce fro m in co m e a c c o u n t ..
T o ta l.
.$ 1 4 3 ,0 9 6 ,6 1 8 5 3
The iocrease and decrease during the year in the various items of assets and liabilities are shown in detail by the Con
troller’s tables 2 and 3.
The income account of the company, that is, the net profits that inured to, or looses that are a direct charge against it,
consists of: First, ten per cent of the net profits remaining after the payment of operating expenses, taxes, fixed and all other
charges under lease of the following proprietary lines embraced in the omnibus lease: Southern Pacific Railroad of California.
Southern Pacific Railroad of Arizona, Southern Pacific Railroad of New Mexico, Louisiana Western Railroad and Morgan’s
Louisiana & Texas Railroad & Steamships; the remaining ninety per cent reverts to the respective companies, and increases
their assets in that sum; second, net profits or losses incurred in the operation of other lines under other leases; and third,
income from prop°rty owned, and other investments.
These results for the year ending December 31, 1892, ara set forth in the following income account :
D ISBURSEM EN TS.
L oss in op e ra tio n o f p ro p rie ta ry lin e s :
N orthern C a liforn ia R a ilw a y ...................................................
M a ry sv ille s te a m e rs ....................................................................
L oss in o p e ra tio n o f lea sed l in e s :
C entral P acific Kail ro a d .............................................................
O regonian R a ilro a d ..................................................... ...............
In te re s t and e x c h a n g e ............................................ .....................
P re m iu m p a id on 7 1 .0 0 0 stea m sh ip b o n d s r e tir e d .............
A d ju s tm e n t w ith C entral P a cific R R . Co. fo r re n e w a l o f
lo c o m o tiv e s ......................................................................................
B a la n ce to c r e d it o f gen era l a c c o u n t :
G en era l in c o m e .................................................$ 2 ,6 0 3 ,8 5 8 83
In co m e fo r sin k in g fu n d ..............................
1 4 6 .4 5 0 00
R E C E IPT S.
B a la n ce Jan . 1, 1 8 9 2 ........................................................................$ 2 ,9 7 4 ,1 6 7 6S
$ 2 8 ,8 9 9 36
2 2 ,7 3 2 42
4 9 * ,1 2 6
4 ,7 8 9
1 2 .1 9 6
3 ,5 5 0
53
76
55
00
2 51 ,62 8 28
P ro fits fr o m o p e ra tio n o f p r o p r ie ta r y lin e s :
O m n ib u s le a s e .................................................................................
S outh P a cific C oast R a ilw a y ....................................................
P rofits fr o m o p e ra tio n s o f le a se d l i n e s :
C a lifo rn ia P a cific R a ilro a d ......................................................
P ro fits fro m o p e ra tio n o f s te a m sh ip s ...... .................................
C o n trib u tio n to sin k in g fu u d f o r s te a m sh ip b o n d s .............
D iv id e n d s on s to c k o w n e d ................................... .........................
R e n ta l fr o m real e s ta te ...................................................................
In te re s t o n G. W. T . & P . R y . b o n d s ...........................................
2 6 7 ,0 8 6 51
6 2 ,7 4 6 3 8
4 0 ,5 5 1
7 5 ,0 6 9
7 5 ,0 0 0
2 ,5 6 0
2 ,4 0 0
7 2 ,6 5 0
95
21
00
OO
<0
00
2 ,7 5 0 ,3 0 8 83
T otal
$ 3 ,5 7 2 ,2 3 1 73
T o ta l
$ 3 ,5 7 2 ,2 3 1 7 3
The charge of $251,638 28 arises from an adjustment of the cost of four ten-wheel 20x26 and twenty twelve-wheel 20x26
locomotives, added during the year to the equipment of the Central Pacific Railroad, to replace old locomotives which have
been worn out and destroyed since commence ment of lease, A aril 1, 1835. Charge for these was distribu’ e i under the lease
over the operations since its commencement, and thus to profit and loss of the Central Pacific Railroad for those years in
which the net profit has exceeded the guaranteed rental, and to the Southern Pacific Company for the remaining years.
GENERAL REMARK*?.
On February 16th the steamship Hutchinso)i was wrecked near Moro Castle, o u t ile the harbor of Htvana, duriag a
dense fog. The ship would undoubtedly have been saved by lightering a part of her cargo, but for the fact that while lighter
ing was in progress a sudden change of wind to the north caused a heavy sea, which resulted in her breakinghip and becoming
total loss. She was an iron steamer of 1,435 tons, and had been in service about twenty-five years. Tne only other casualty
of any note that we are called upon to report is the accident to a freight train at bridge near Sanderson, already referred to
under operating expenses.
+V. w?1? ^ear c*°ses with the physical condition of these properties materially improved. The policy of bringing them up to
the highest state of efficiency is steaiily continued, and the benefit from the" expenditures m ale i i past years is now manifeestiDg itself iu reduced cost of operation. In addition to the amount expended for repairs and renewals, by means of
which the __ property
is being steadily improved, there has been expended for special betterments and
$3,659,430 31,
making
additions, id the^ year 1890, $1,931,506 52; in 1801, $2,275,033 49. and in 1893,
$6,865,965 32, o f which $5,625,3^0 27 was expended on proprietary lines, and
the remaining
$1,340,640 ()■) on the leased lines.
A considerable part of this sum has
been expended in
changing
the roadbed through the Soledad and Cienega canons, along the Dragoon M oAtains, and along the Colorado River from
tne low grounds, on wr ich the track was laid, and where it was carried away by every severe rainstorm, over upon high
giouncs, beyond all possibdity of damages from this cause. For the same reason a considerable part of the roadbed along
the Kio Grande, east of El Paso, was also changed, and about forty-three mile3 of the ro idocd of the Morgan’s Louisiana &
lexas Railroad in territory subject to overflows from the Mississippi River was raised to obviate this danger. It will not be
necessary to expend again these sums, which, although large, have enabled the company tc state for the first time that its
lines nave been operated with entire freedom from the serious interruptions to its traffic which occurred so frequently in
ormer years, ana which were always attended by serious losses. L irge sums have been also expen led for ballasting, for
permanent bridge foundations, and substitution of iron bridges and trestles for wooden structures, for aiiition a l equipment
aDa toi increasei terminal facilities to meet the ever-increasing demands of the public for improved train service and other
1
^ c1onsi(^era^ e Part of these expenses also will not be hereafter necessary, and w.iile the company will
*in.ue^ ° make such betterments and additions as will meet the requirements of the public, and the demands for im v^ove.been m *ae econom^
0Peratk>n, these expenditures will not, from present indications, be hereafter as great as they have
* Vie ro^*n£ stock of the Pacific System, and charged to the capital account of the respective compno e dVxao ten-wheel passenger locomotive; ten passenger, one official, two freight and five station cars. To the op?rat'
THE CHRONICLE.
J une 8, 1898,]
929
ing expenses have been charged the cost of two new 20x28 ten-wheel passenger locomotives, three baggage, m iil and express,
twelve passenger, four work and 490 freight cars, to replace a similar number of cars worn oat and destroyed while in service <
To the rolling sto'k of the Atlantic System was added and charged t> the capital account of ths respective companies
three 17x24 six-wheel switching and five 18x21 eight-wheel passenger locomotives; three baggage, mail and cxores3, 10 pas
senger, 25 refrigerator, 19 ventilated fruit, 211 box, and 193 flat cars, of 30 tons capacity. To the operating expenses have
been charged the cost of 864 freight and six work cars, to replace a similar number of cars worn out and das royed while in
service. On both systems there were broken up during the year as unserviceable 513, and destrayei while in service 332
freight and work cars, a total of 864 cars, and the cost of replacing a similar number of new cars of tbo c imnany’s nretent
standards has been included in the operating expenses for the year. These sums are credited from time to time to the re
newal fund, against which the cost of the new cars is charged as they are placed oa the road. The adoption of common
standards in locomotives, cars and other details for all the properties in which this company is interested, referred to in the
last annual report, has already been, as will be observed in the items affected thereby referred to under the operating ex
penses, productive of good results.
The low price of wheat in California, and the shortage of the wheat crop in Oregon, temporarily exercised a depressing
effect upon the commercial interests in certain sections of said States, but there have been additions to an 1 improvements in
other commercial industries in said States by which the development of their resources will be materially anl permanen lv
advanced. Irrigation canals are building at Honcut, Mendota, Fresno, Huron au l Banning, by waich a large acreage will
he brought under cultivation, and, near Yuma, the Colorado River Irrigation Company proposes to irrigate about seven
hundred and fifty thousand acres of land. In addition to the impetus given to the development of the great and varied re
sources of the State of California by these means of artificial cultivation, and from which the most extraordinrry results
have been obtained, the Southern Pacific Railroad of California has under consideration the buildiugof a number of local lines
which will open to settlem-nt and cultivation large sections of the State that are now inaccessible, and which require only
access to markets for their products to insure their settlement. The many advantages of climate aad soil which the State of
California offers to settlers are becoming better known with each year, and as the large tracts of land are cut up aad m w
sections are opened by the. railroads, there will be a steady increase in the population and material wealth of that State, and
in which this company will receive its share in the improvement of its earnings.
A temporary injunction was granted by Judge McCormick of the CJ. S. Circuit Court for the Western District of Texas,
on August 22, 1892, against the Railway Commissions of the State of Texas, restraining them from issuing any further tariffs,
which relieved the company from the unprofitable rates forced upon its lines ia the State of Texas bv thi action o f said Rail
road Commissions. The losses for the eight months during which the commission rates were in effect amounted to a large
sum, and on September 1st the rates formerly ia effect were, in the main, restored. The action of ths Commissioners was
wholly unwarranted, as the rates of transportation charged to the public on these lines had not, prior to the pro nulgrtioi of
the commission rates, been sufficient to pay the expenses of operation, maintain the property ia good and safe condi
tion, make suck betterments a n l additions as are made necessary by the ever-increasing demands of
the public for improvements in train service and other accim noiattons, a n l leave a fair return up>n the
cost to create the property.
There has been a marked change in public opinion with regard to the rights
o f corporate properties, and their right to such comoensation as will, after the payment of all expenses of
operation, etc., leave a fair return upon the cost to create the property, has been conceded by th j c >urti. A better un lerstanding i3 constantly gaining ground of the fact that the prosperity of communities an 1 of great manufacturing induttries
is affected favorably or unfavorably in the proportion in which the transportation interests are either prosperous or unprofit
able. From this growing sense of the mutuality of interests, and of justice to the rights of tho3e who have in goo i faith in
vested their money in transportation lines, an improvement in rates can be reason tbly hoped for. From the devel >pneat
of the local resources of the section of the States traversed by these lines, which is constantly progressing, and to which the
company is giving all possible aid. we may also reasonably expect a continued improvement in the company’s earnings. The
improvements in the physical condition and additions to the facilities and app hutments of the com pm v will enable it to
handle a large business at the minimum of C 03t, and ia view of these conditions there is no reason now visible way the com
pany’s career of prosperity should not be constantly improving.
The Board desires to acknowledge its indebtedness to the oifi ;ers and employes of the company for the sa’isfact or/ re
sults of the year, which are due to the faithful an i efii :ieat discharge of the duties intrusted to them.
Respectfully,
C. P, HUNTINGTON, President.
C E N T R A L
P A C IF IC
R A I L R O A D
C O M P A N Y .
ABSTRACT OF THE REPOST FOR TGE YEAR ENDING DECEMBER 31, 1892.
M IL E A G E O P R A IL R O A D AS O P E R A T E D .
U. S B o n d - a i d e d L i n e :
San J ose, Cal., to O gdeu, U tali. iu ctu d iu g 5*31 m iles tra ck ic e o v e r N orthern R a ilw a y , fro m B rig h to n
t o S acra m en to, and 5 m iles o f U nion P a cific R ailw a y; also ’ l l o f a m ile n o n -a ile fia t O g d e n ......... 839*62 m iles.
N
o n -a i d e d
L
in k s
:
R o s e v ille . Ca!., t o O reg on S tate L in e .................................................................................................................................
L a th ro p , C al., t o G osh en . C a l.......................... ......................................... ......................................................................
San P ra n ci< cc O a kla n d & A la m ed a , lo c a l lin es—
F irs t t r a c k .............................................................................................................................................................................
S econ d tra e k .................................................................................................. ........................................................ a 97
San F ra n cisco to N iles, in clu d in g B ay fe r r y t r a n s fe r ......................................................... ......................................
296*50
146*08
“
“
16*30
“
31*15
“
T o t a l ............................................................................................................................................................................... ..1 ,3 3 0 * 6 5 m iles.
A portion of the Alameda local line which liai been abandoned was taken up during tin yen*, reduung ths rotd operate t
by -63 of a mile. In addition to the above railroad and transfer f;i*ry line1, this Oo nptay o v is a lin.* of stea m s operited
oa the Sacramento river.
The mileage on which U. S. bonds were issued, and which is included in the above. 13 as follows :
W estern P a cific R a ilr o a d ...................................................... .................................................................... ................... .............
C eutral P a cific R a ilr o a d ................................................................................................................................................................
123*16 m iles.
737*50 ■■
T o t a l............................................................................ ......................................................................................................
860*66 m iles.
O P E R A T IO N S
F oa
th e
FOR
THE
Y e a u s E nd in g D e g e m b e k 31.
R e n ta l stea m ers and 11a c k ..........................................................................................................
In te re s t r e c e iv e d .............................................................................................................................
YEAR.
1S92.
In crea se.
1891.
$ 1 4 ,6 1 2 ,9 9 0 02 $16 ,62 9 ,1 0 4 36
2 1,6 57 49
2 2 .0 0 7 73
.111.694 31
2 3 ,5 3 6 42
$ 2 ,0 1 6 ,1 1 4 34
$4 0 0 24
8 8 ,0 6 7 89
$ 1 ,9 2 7 ,6 4 6 21
$ 1 4 ,7 4 6 ,6 5 2 06 $ 1 6 ,6 7 4 ,2 9 8 27
E x p e n s e s Laud D ep a rtm en t, ta x e s a n d r e n ta ls ..................................................................
In te re st o n b o n d e d d e b t ................................................................................... ..........................
$ 3 .9 0 5 ,4 1 1
6 2 1 .2 8 5
3 ,3 1 6 .3 6 5
1 8 5 .0 0 0
5 7 7 .0 4 8
2 7 9 .6 6 8
40
07
00
00
33
79
$ 9 ,2 1 1 ,7 4 9
6 9 7 .3 0 7
3 ,5 1 0 .5 5 7
2 7 5 .0 0 0
6 1 3 ,5 1 6
2 2 1 ,7 4 2
46
64
50
00
27
22
$ 3 0 6 ,3 3 8
7 6 ,0 2 2
1 9 4 ,1 9 2
9 0 ,0 0 0
3 6 ,4 6 7
$ 8 6 1 ,8 7 3 47
4 9 8 ,1 2 6 53
$ 2 ,1 4 4 ,4 2 5 18
S i.3 6 0 .0 0 0 00
$ 2 ,1 4 4 ,4 2 5 IS
06
57
50
00
94
$ 5 7 ,9 2 6 57
T o ta l e x p e n d itu r e s .................................................................................................................... $ 1 3 ,8 8 4 ,7 7 8 5^ $ 1 4 ,52 9 ,8 7 3 09
D e ficit to m a k e gu a ra n teed ren ta l p a id b y S ou th ern P a cific C om p a n y ......................
Decrease.
$ 6 1 5 ,0 9 4 5 0
$ 1 ,2 3 2 ,5 5 1 71
$ 4 9 8 ,1 2 6 53
................
$ 7 * 4 ,1 2 5 18
THE CHRONICLE.
930
[VOL. LYI.
E A R N IN G S .
Y
e tits
1 892.
1892.
E n d in g D e c e m b e r 31.
1893.
In crea se.
$ 4 ,7 8 3 ,6 6 7
5 5 3 ,00 8
1 9 1 ,1 6 2
6 8 .4 9 4
7 5 ,4 2 0
8 ,7 0 1 .4 7 8
5 0 ,6 9 2
6 ,4 5 8
4 9 ,6 0 8
6 2.1 51
7 0 ,8 4 9
F reig h t” ..........................................................................................................................
T o t a l...........................................................................................................................
58
17
29
45
69
10
47
09
00
11
07
$ 4 ,9 8 0 ,6 5 7
5 4 8 ,7 7 6
2 0 8 .3 0 5
6 4 ,2 5 5
1 4 0 ,9 8 6
1 0,3 9 5 .7 7 9
2 3 ,8 6 8
6 8 ,0 5 2
4 8 ,0 0 0
6 6 ,7 9 7
8 3 ,6 2 4
29
72
99
38
18
10
78
36
00
58
98
D ecrease.
$ 1 9 6 ,9 8 9 71
$ 4 ,2 3 1 4 5
1 7 ,1 4 3 7 0
4 ,2 3 9 0 7
6 5 ,5 6 5 49
1 ,6 9 4 ,3 0 1 0 0
2 6 ,8 2 3 69
* 1 6 .6 2 9 ,1 0 4 36
$ 1 4 ,6 1 2 ,9 9 0 02
6 1 ,5 9 4 27
"iieosoo
4 ,6 4 6 4 7
1 2 ,7 7 5 91
I
$ 2 ,0 1 6 ,1 1 4 3 4
T he decrease in total earnings fo r 1892 com p a red w ith 1891 w as on both U. S aided and n on -a id ed roads and in general
w as caused b y decrease in tonnage carried, ow in g to increased com p etition in b oth trans-C ontinental and lo ca l traffic and to
the com parative depression o f trade th rou gh ou t the territory served by the C m p a n y ’s lines. T he earnings fo r 1891 were
larger than fo r any oth er yea r in the history o f the road. T ne decrease in freig h t earnings, a m ou n tin g to 1(5 29 per cen t, w as
accom pa n ied b y a decrease in freigh t car m ileage o f 9,893,118 m iles, or 14'38 per c e n t ; and in the cost o f C on d u ctin g T ran s
portation , $466,-174 55, o r 9'09 per cent.
O P E R A T IN G E X P E N S E S .
1892.
Y ea rs en d in g D ecem ber 3 1 —
1892.
1 89 1 .
In crea se.
$ 1 4 ,6 1 2 ,9 9 0 02 8 1 6 ,6 2 9 ,1 0 1 36
O p e r a t in g E x p e n s e s :
M a in ten a n ce o f w a y and s tr u ctu re s ..............................................................................
G e n era l ex p en ses'..................................................................................................................
T o t a l....................................................................................................................................
E
a r n in g s o v e r
O p e r a t in g E x p e n s e s ................................................................................
$ 1 ,9 2 6 ,6 7 8
1 ,3 1 6 ,7 2 4
4 ,6 6 2 ,8 2 9
9 9 9 ,1 7 9
31
23
07
79
$ 1 ,6 4 9 ,4 7 8
1 ,5 2 0 ,4 1 6
5 ,1 2 9 ,4 0 3
9 1 2 ,4 5 0
54
58
62
72
$ 8 ,9 0 5 ,4 1 1 40
$ 9 ,2 1 1 ,7 4 9 4 6
$ 5 ,7 0 7 ,5 7 8 62
$ 7 ,4 1 7 ,3 5 4 90
D ecrease.
$ 2 ,0 1 6 ,1 1 4 3 4
$ 2 7 7 ,1 9 9 7 7
2 0 3 ,6 9 2 35
4 6 6 ,5 7 4 55
8 6 ,7 2 9 07
............
$ 3 0 6 ,3 3 8 06
$ 1 ,7 0 9 ,7 7 6 28
M a i n t e n a n c e o p W a y a n d S t r u c t u r e s . — The increase show n u n der this h ea d in g represents im provem en ts to the p rop erty ,
and consists ch iefly o f th e fo llo w in g item s : Increase in labor and oth er e x p m s e s ren ew in g rails and ties, etc., $50,363 46; in
splices, bolts and spikes, $16,030 59; in cost o f rails used in ren ew al, $71,165 37; in cost o f ties used in ren ew al, $41,300 85; in
ren ew al o f bridges and trestling, $39,175 97, and in renew al o f snow sh eds, $26,805 80.
IN CO M E.
The fo llo w in g is a com parative statem ent o f general in com e o f the C om pa n y fo r th e past tw o years :
F or
th e
Y e a r s E n d in g D e c e m b e r 31.
1 892.
R e c e ip t s :
R e n ta l fr o m S ou th ern P a cific C o., u n d er lea se, as p e r S. P. C o.’ s
ta b le No. 1 8 ........................................................................................ ..........
S in king fu n d s o f th e C om p a n y , fo r ca sh p a id b y S ou th ern P a cific
In te re s t on C. P. E R . n o te s h e ld b y T ru stees o f L a n d G ra n t m o rt
ga g e, p aid b y S outhern P a c ific C o ..............................................................
M isce lla n eou s re c e ip ts ................................. ..................................................... .
E x p e n d it u r e s :
S in king fu n d r e c e ip ts. U nited S ta tes req u irem en t, land sales, and
in te rest as a b o v e ; a p p lica b le w h en u s e l fo r th e p a y m en t o f debt,
an d n o t a v a ila b le fo r d iv id e n d s ............... ................. ..................................
M iscella n eou s e x p e n s e ...................................................
D iv id en d s, F eb ru a ry 1 st an d A u g u st 1st, a t 2 p e r ce n t p e r a n n u m ..
B a la n ce fo r th e y ea r, s u rp lu s..............................................
B a la n ce p ro fit a n d loss J a n u a ry 1st, less p a y m en ts fo r p rev iou s
y e a r s .............................................
B a la n ce surp lus, D ecem b er 3 1 ............ .
In crea se.
1891.
$ 1 ,3 6 0 ,0 0 0 00*
D ecrease.
$ 2 ,1 4 4 ,4 2 5 18
$ 7 8 4 ,4 2 5 18
5 4 6 ,0 7 6 29
5 7 7 ,0 4 8 33
1 2 1 ,1 4 8 01
6 4 9 ,0 5 4 0 6
6 1 3 ,5 1 6 27
3 5 2 ,7 7 1 28
1 0 2 ,9 7 7 7 7
3 6 ,4 6 7 9 4
2 3 1 ,6 2 3 27
8 0 ,1 6 6 67
2 2 ,8 7 2 45
1 0 0 ,1 0 6 95
8 ,4 0 0 00
$ 2 ,7 0 7 ,3 1 1 75
$ 3 ,8 6 8 ,2 7 3 7 4
$ 1 ,3 2 4 ,4 3 9 30
825 00
1 ,3 4 5 ,5 1 0 00
$ 1 ,7 1 5 ,4 4 8 56
$ 2 ,6 7 0 ,7 7 4 3 0
$ 3 ,0 6 0 ,9 5 8 56
1 9 ,9 4 0 28
$ 1 4 ,4 7 2 4 5
$ 1 ,1 6 0 ,9 6 1 9 9
$ 3 9 1 ,0 0 9 26
* $82 5 0*6
1 ,3 4 5 ,5 1 0 00
$ 3 6 ,5 3 7 4 5
$ 3 9 0 ,1 8 4 26
$ 7 7 0 ,7 7 7 7 3
$ 8 0 7 ,3 1 5 18
3 ,3 5 0,57 1 0 4
2 ,6 0 0 ,5 4 3 16
$ 3 ,3 8 7 ,1 0 8 49
$ 3 ,4 0 7 ,8 5 8 3 4
$ 7 5 0 ,0 2 7 88
$ 2 0 ,7 4 9 85
T h e a c c u m u la t io n s o f th e s e v e r a l i n c o m e a c c o u n t s , a n d t h e a p n lic a tio n t h e r e o f, a re a s f o l l o w s :
D e c e m b e r 31.
1 89 1 .
1892.
Surplus gen era l in c o m e a cco u n t (sta tem en t E ) ...................
In co m e fo r red em p tion o f la n d b o n d s (sta tem en t F )—
L and b on u s re d e e m e d ....................................
L a n d g ra n t fu n d ................................
L a n d c o n tr a c ts .....................................
$ 3 ,4 0 7 ,8 5 8 34
$ 3 ,3 8 7 ,1 0 8 49
$ 6 ,4 5 0 ,0 0 0 00
2 ,3 6 6 . 62 97
1 ,1 8 7 ,8 0 2 35
$ 7 ,0 9 2 ,0 0 0 00
2 ,0 4 1 ,0 4 9 42
1 ,0 7 2 ,6 3 0 58
In c o m e fo r sin kin g fu n d s o f th e C om p a n y (sta tem en t G )—
U sed in th e red em p tion o f b o n d s ........................................
R e m a in in g in sin kin g fu n d s .......................................
In co m e fo r U nited S tates d ebt (statem en t r e
p a y m e n ts on U n ited S tates b o n d s, and in terest......................
S in kin g fu n d in U n ited S tates T rea s u ry ....................
1 0 ,0 0 4 ,3 6 5 3 2
1 0 ,2 0 5 ,0 8 0 00
$ 6 ,5 7 6 ,8 2 0 81
8 ,9 7 9.39 1 86
$ 8 ,0 7 0 ,8 2 0 81
8 ,0 3 1 ,4 6 8 15
1 5 ,5 5 6 ,2 1 2 67
1 6 ,1 0 2 ,2 8 8 96
$ 8 ,0 5 3 .1 0 0 18
4 ,4 5 6 ,6 3 4 7 6
$ 8 ,3 3 0 ,3 4 6 73
4 ,7 0 6 ,4 3 6 54
1 2 ,5 0 9 ,7 3 4 9 4
1 3 ,0 8 6 ,7 8 3 27
T otal a ccu m u la ted b a la n ce o f in com e a cco u n ts to D e c e m b e r 31
.
,
$ 4 2 ,7 8 1 ,8 6 0 72
1
$ 4 1 .4 7 8 1 7 1 2 7
A SSE T S A N D L I A B I L I T I E S .
j be changes in the C om pany’ s finances w h ich have occu rred d u rin g the yea r are sh ow n in detail b y the a ccom p a n y in g
report o f the Secretary, in statem ents A . B and C. The increase in N ew E ju ipm en t represents eq u ip m en t p u rch a se ! w ith
the heretofore unused proceeds fro m sale o f fifty-yea r bonds o f 1939, to the am ou nt o f $1,463,701 22, fo r 1.658 cars and 72
locom otives, as h erein b efore exp lain ed ; and fo r one n ew passenger coa ch a n d one steam sh ovel, costin g $10,209 07. B on ds o f
the Cal. & Oregon D iv., Series B , m aturing Janu ary 1, 1893, were redeem ed d u rin g the yea r to the a m ou n t o f $1,494,010, w ith
the cash set aside fo r that purpose fr o m the sinking fu n d ; a n d L a n d G rant bonds t o the a m ou n t o f $842,010 w ere red eem ed
b y the m ortgage trustees w ith the proceeds o f lan d sales. The n ote to the trustees o f the L a n d G rant m o rtg a g e m a tu rin g
O ctober 1, 1892, a m ou nting to $500,000, was on that date also paid and ca n ce le d .
„.
U N IT E D ST A T E S G O V E R N M E N T A C C O U N T .
t h e accou nts w ith the G overn m en t arising fr o m its issue o f subsidy bonds are as stated b elow :
.
.
A n n u al req u irem en t u n d er th e T h u rm an A c t .........................................
A p p lic a b le as fo llo w s :
T o United States b on d s and in te re s t...........
T o sin k in g fu n d in U n ited States T r e a s u r y .
.. .
...............................................................
Paym entsi t o th e U. S. G ov . t o Deo. 31. as p e r s ettlem en ts w ith U. S. C om m ission er o f R ailroa d s:
F o r IIu ited States b o n d s a n d i n t e r e s t ...........
F o r s i* k in g fu n d in U nited States T re a s u ry ........................
1892.
$ 5 7 7 ,0 4 8 3 3
1 891.
$ 6 1 3 ,5 1 6 2 7
3 2 7 ,2 4 6 5 5
2 4 9 ,8 0 1 78
3 5 9 .7 3 1 01
2 5 3 ,7 8 5 2 6
$ 8 ,3 8 0 ,3 4 6 7 3
4 .7 0 6 ,4 3 6 5 4
$ 8 ," 5 3 ,1 0 0 I S
4 ,4 5 6 ,6 3 4 7 6
$ 1 3 ,0 8 6 ,7 8 3 27
$ 1 2 ,5 0 9 ,7 3 4 9 4
J une 3, 1893.]
THE CHRONICLE.
931
The decreased requirem ent under the T nurm an A ct for 1892 results from red u ced earnings o f the aide 1 road. The net
earnings o f the aided line, as ascertained u nder the T h urm an A c t , decreased in 1892 a3 com p a red w ith 1891, to the a m ou n t
o f $070,019 89.
£ = s «*
2 “Z
'Z Z Z
A ll am m ats due the G iv o ra m e n t by the C om pa n y have been fu lly and p rom ptly p a il. The G overn m en t has on the
other hand retained paym ent for U nited States transport ation services perform ed on non-aided a nd leased lines, w hich is du e
this C om pany in cash, up to the date o f th e lease, A pril 1, 183), $1,063,161 67. S in ce the com m en cem en t o f the lease charges
fo r U n ited States transportation on the sants lines du e the Southern P a cift; C om m y , lessee, h ave been retained to the
am ou nt o f $2,496,573 41, m a k in g the sum o f $3,584,74 ) 11. w h ich is due from the U n ite 1 States in cash to D ecem ber 31, 1893,
bein g in excess o f all legal req u irem m ts to that date due fro m the com panies to the G >vern neat.
Suits have been brou ght for portions o f these claim s i i the Court o f Claim s, an 1 j u d : a sacs in fa v o r o f the C otnp aoy to
the a m o u n to f $395,2 )7 63 were affirm ed by the S aorems C iurt in May, 1383 (U. S. R ep., V ol. 118, p. 335), a n d in Jan u a ry, 1891
(U . S. Rep. 138, p. 84). I a J anu ary, 1893, a jax lg m e n t was rendered in fa v or o f the S outhern P u b lic C sm oany, lessee, b y the
C ou rt o f Claim s, w hich was n ot appealed by the G ivorurn :nt, to the am >uut o f $1,834,336 I t . T h ou g n a o o ro o ria tio is have
been asked bv the proper departm ents for the paym ent o f these ju d g m en ts, a g g reg a tin g the sum o f $3,639,514 07, Congress
has as y e t decli ed to take an y a ction.
The sink in g fu n d in the U nited States Treasury, as rep orted by the Secretary, is as fo llo w s :
D ecem ber 3 1 ,1 8 9 2 .
D e p o s its b y th e C o m p a n y ........................................................ .................................................................................................. $ 1 ,3 7 0 ,5 9 1 27
I n te re s t an d prem iu m r e c e iv e d :
18 >2,
1 891.
$ 1 ,5 3 3 ,3 3 3 99
$ 1 ,2 7 4 ,5 7 7 99
L ess p re m iu m p a id :
$ 1 ,2 4 2 ,6 3 8 6 9
$ 1 ,1 7 6 ,8 6 8 0 1 ..................................................... ..........................................................
2 9 0 ,6 9 5 3 0
D ecem ber 3 1 ,1 8 9 1
$ 3 ,9 6 0 ,5 7 2 91
9 7 ,7 0 9 98
T ota l In fu n d
$ 4 ,6 6 7 ,2 8 6 57
$ 4 ,0 5 8 ,2 8 2 89
In v e ste d b y the S ecreta ry o f tlie T r e a s u r y :
U nited s ta te s s ix p e r eeu t cu rre n c y b onds
U n io n P acific R a ilw a y b o n d s ............................
U nion P a cific R a ilw a y , C en tra l B r a n c h ___
K a n sa s P acific R a ilroa d b o n d s ..........................
S io u x C ity * P acific R a ilw a y b o n d s .............
C e n tra l P a cific R a ilroa d b o n d s ...................... ..
W estern P a cific R ailroa d b o n d s ......... ..............
C ash u n in v e s te d .....................................................
$ 2 ,2 2 6 ,0 0 0 0 0
6 7 7 .0 0 0 0 0
7 8 .0 0 0 00
1 1 1 .0 0 0 0 0
9 ,5 0 0 00
1 ,4 7 8 ,0 0 0 0 0
8 7 .0 0 0 00
7 8 6 57
$ 2 ,2 3 7 ,0 0 0 00
5 3 7 ,0 0 0 00
7 6 .0 0 0 0 0
5 7 .0 0 0 0 0
3 ,5 0 0 0 0
1 ,1 2 2 ,0 0 0 0 0
1 5 .0 0 0 0 0
10,7 82 89
T o ta l in fu n d ........................................................................................................................................................... $ 4 ,6 6 7 ,2 8 6 5 7
$ 4 ,0 5 8 ,2 8 2 89
Y o u r B oard o f D irectors is still unable to rep ort any delinite action look in g tow a rd s the final settlem ent o f the C om pan y’s
indebtedness to the U n ited States. B u t as the first o f the subsidy bonds m ature in 1895, the protection o f the G overn m en t’ s
interest m ust u rg e itself w ith in creasin g pressure on Congress du rin g the rem ainin g available tim e fo r a ction.
R espectfu lly subm itted,
LEU A N D S T A N F O R D , President.
Norfolk & W e ste rn .— President K im b a ll has ju s t issued a
c irc u la r to shareholders g iv in g particulars o f an im portant
n egotia tion ju s t m ade b y the com p a n y w iih a syn dicate o f
w h ich Messrs. B row n Bros. & Co. and Messrs. J. K en n ed y
T od & Co. are the leadin g m em bers. Mr. K im b a ll refers to
th e last annual report, in w h ich it was stated that at the close
o f the yea r 1892 the co m p a n y had in its treasury or in use as
collateral $5,938,000 o f its 100 yea r m ortga ge bonds, a n ! had
ou tstan din g bills payable a m ou n tin g to $788,928; th at th e c o l
lateral loan o f $-',000,000 was payable D ecem ber 3lst, 1893,
and that $535,000 con vertible debenture bonds w o u ld be pay
able January 15th, 1894; and it w as fu rth er stated that ar
rangem ents w ou ld be m ad e d u rin g the yea r fo r the fu n din g of
all these obligations. T o m eet these obligation s and those in
cu rred iu properly co m p letin g the O hio Extension and the
C olu m bu s term inals, to provid e fo r the cash paym ents due on
ca r trust obligations and n ew rollin g stock, and fo r w ork in g
capital, the board o f directors has d ecid ed to offer to the
shareholders $5,000,000 o f its 100-y->ar m o rtg a g e bonds and
$5,000,000 o f preferred shares fo r $5,250,000 cash and accru ed
interest on the bonds.
The shareholders are to h ave th e privilege to purchase for
ev e ry 100 shares o f co m m o n o r preferred shares or part
th ereof registered in their nam es on Ju n e 13th, 189’ , $1,090
o f 100-year bonds and 10 shares o f preferred stock fo r $1,050
a nd a ccru ed interest on the bond.
A rran gem en ts have been m ade w ith a guarantee syndicate,
w h o have agreed to take and pay fo r all the bonds and shares
n ot subscribed fo r by the shareholders, and the com p a n y is
th ereby assured that am ple provision has been m ade fo r its
financial requirem ents, and that u pon the c o n pletion o f the
transaction the co m p a n y w ill be en tirely free o f a f f i l i a t
in g indebtedness and have am ple w ork in g capital.
T h e N o rfo lk & W estern has n ow virtually com pleted its
system ; its net earnings h ave been sh ow in g a handsom e in
crease in recen t m ontfis, and President K im b a ll anticipates a
steady g ro w th o f its business.
“ The poli :y o f the co m p a n y h ereafter w ill be to d evote its
resources en tirely to th e dev elop m en t o f va riou t enterprises
sim ilar to its M ilw aukee venture, and to take n o p ir t w h a t
ever in N orthern Pacific politics. In v ie w o f this fa c t a nd a
better understanding o f the affairs o f the com p a n y , a n um ber
o f large stockholders w h o w ere in clin ed to jo in tlx3 m o v e m m t
against the present m an agem en t have d e s ile d co co-operate
w ith it .”
O regon P a c ific .— This roa d is again advertised to be sold
b y the Sheriff o f B en ton C on lty , O re., at C orvallis, O re.,
June 27.
P h ila d e lp h ia & R e a d in g .—The com p leted plan f i r a re-a d
ju stm ent o f the finances o f this co m p a n y w as (ia ally issued
in Pniladelphia on th e 27th, a nd w ill be fo and at length in
the advertising pages o f the C h r o n i c l e . It is unnecessary
to repeat the details here, an l it is on ly w orth w hile to rem ark
that it seems so gen erally favorable to the interests o f both
stock and bond holders th a t it is hardly to be supposed th ey
w ill n ot im m ediately avail them selves o f its proposals.
It differs little in term s fro m
the reports that h ave
lon g been cu rren t as to its m a in features, and o n ly
in tw o essential particulars d o w e
observe a n y th in g
addition al or m ore d efia ite—first, in the provision that
after the p a ym en t o f interest on
prior bonds and
on the general m ortga ges in a n y yea r the balance o f
n et surplus in com e, if sufficient, shall be applied tow ards the
purchase and retirem ent o f the “ cou p on trust ce rtifica te s ”
that m a y have been previou sly issued on the pu rch ase o f
cou pon s fro m the general m ortga ge b o n d s ; and, secon d ly,
that the stock trust is to last fo r seven years instead o f five.
The plan as a w hole seem s rem arkably fav ora b le to all
interests and w ell devised fo r restorin g the com p a n y q u ic k ly
to a position where it can get the benefit o f its n e w co n n e c
tions, and proba b ly earn m ore m on ey than ever before.
The on ly large holders asked to g iv e assent to tne plan are
the general m ortgage bondholders and the stockh olders, and
for either o f these classes the speedy a dop tion o f this plan, re
North A m e rica n ,— A t a m eetin g o f the directors o f the leasing the co m o a n y from all em barrassm ents and furn ishin g
N orth A m erica n C om pany the resignation o f H en ry V illa rd it w ith sufficient capital to h an dle its business, seem s in fin itely
a s President was presented and accep ted. Mr. C. W. W et- preferable to the lon g con tin u a n ce o f a receivership, w h ich is
m ore, the Chairm an o f the E x ecu tiv e C om m ittee, was elected but a stru gglin g existence fo r a n y corp ora tion . The general
m ortgage bon d h old ers are offered cash for their cou pon s as usual
to succeed Mr. Y iila rd . The n ew President, it is u nderstood,
represents Mr. John D. R ock efeller a n d other capitalists iden at each interest period; but th ey are asked to con sen t that the
tified w ith the Standard Oil C om pany. H e has been practi m anagers m ay, if it is fo u n d necessary, issue th e “ cou p on trust
ca lly the m an agin g director o f the com p a n y d u rin g the last certificates” fo r th e iuteresc so paid, but on ly in case the ea rn
tw o years, aud is said to have d on e m u ch tow ards rep airin g ings o f th e com p a n y applicable thereto shall n ot bo sufficient
the dam age the com p a n y sustained du rin g th e Baring panic. to enable it to pay s u m interest. Tne issue o f “ cou p on trust
Mr. C. A . S p offord has also resigned as a d irector and M r. E. certificates” m a y n ever be con tin u ed b ey on d tbe present
D. Bartlett, an associate o f Mr. W etm ore, elected in his place. year, and certa in ly they w ill n o lon ger be issued w hen the
O ther changes in the d irectory w ill p r o o a o ly o c c u r at the com p a n y is fa irly able to pay its general m irtgage iatere3t and
leave su ffin en t m on ey for w ork in g capital and f tr i u oroveco m in g election.
I t is stated that the N orth A m erica n C om p a n y has n ow m ents. T a k in g the m ost h op efu l view , it is believed that re
com p leted its extensive e lectric-ligh t plant at M ilw aukee and ceivers’ certificates m ust be issued if this p l m o f reorga n iza
also the electric street ra ilw a y system o f that city. It b ou g h t tion fails, a n d the a m >unt o f these m igh t easily ru n u p to
the street car lines w hen they w ere operated by horse pow er, $5,000,000 or m ore, aud such certificates w ou ld be a definite
and has n o w superseded that pow er by electricity. W hen and positive lien ahead o f the general m ortga ge bonds.
Tne present m anagers have displayed so m u ch a b ility in
certain negotiations n o w u nder w ay are c o n c lu d e !, as they
are lik ely to be in the near future, the N orth A m erica n C o m their n eg fixations lo ik in g tow ards the em an cipation o f the
com p a n y from the desperate m uddle in w h ich it was plunged
p a n y w ill reap a handsom e profit fr o m this undertaking.
that their plan in vites the greater con fid en ce fr o m stock a n d
The N ew Y o rk S u n report says:
THE CHRONICLE.
932
b on d holders. T h ey h ave in a v e ry short tim e m ade arran ge
m ents to abrogate the u nsatisfactory coa l con tra ct w ith the
F inance C om pa n y; th ey have obtain ed a red u ction o f the
L eh igh V a lle y ren tal; they have disposed o f the w retch ed
N ew E u gla n d stock com plication s rather than engage in a pro
tracted and uncertain litigation against the parties in volv ed ;
th ey h ave settled fa v ora b ly w ith Mr. P u llm an ; th ey h ave
fo u n d all the m o n e y so fa r necessary to purchase cou p on s ;
th ey have organ ized a syn dicate ready to p u t up im m e
diately about 820,000,000 in cash iu th e purchase o f colla tera l
trust bonds; th ey have im p roved the earnings o f the p ro p
erty, and in all direction s th ey h a v e cleared a w a y the decks
ready fo r a ction under the excellen t plan n o w brou ght fo r
w ard.
There seem s to be ev ery reason to suppose that both the
stock h olders and general m ortga ge bondholders w ill freely
a ccep t the proposed schem e if on ly th ey h ave sufficient tim e
to co m e in to it. The gen eral m ortgages are h eld w id ely b y
investors in this cou n try and in E urope, and to ex p ect that
the assent o f 90 per cen t o f these can be gathered in by June
21 is alm ost beyon d the lim its o f possibility. There are m a n y
o f the bondholders w h o w ill n ot have the pla n before th em in
a shape callin g fo r definite actiou u ntil tlieir J u ly cou p on is
presented fo r paym ent. Then th ey can h ave the agreem ent
furn ished them fo r their consideration, a n d their assent to it
w ill be m ost probable. It w ou ld be quite u nfortu nate to defea t
so com preh ensive a schem e, tou ch in g such w id e finan cial in
terests, w ith ou t g iv in g a reasonable tim e fo r bondholders to
accep t it.
In all that has been said in the p u b lic prints rega rd in g the
R eadin g plan, n o t a single stron g or valid argu m en t has been
m ade against it, o r on e that w ou ld sh ow either 1 10 stockh cid
ers o r bondholders a “ m ore excellen t w a y ” to protect th sir
interests.
— The statem ent o f earnings fo r A p ril and fo r the first five
m on th s o f the fiscal year show s the fo llo w in g :
<------------ A p r il.----------- . ,— Dec. 1 In A p ril 3 0 — .
1882.
1893.
1891-32.
1392-93.
R a il r o a d C o m p a n y —
$
$
$
$
G ross re c e ip ts ................. 1 ,7 0 1,44 1 1 ,8 3 9 ,9 7 5
8 ,9 1 9 ,5 4 5
9 ,0 0 4 ,4 9 5
G ro ss e x p e n s e s ............... 1 ,0 1 2 ,6 7 1 1 ,1 1 7 ,4 2 1
5 ,0 * 2 ,7 7 5
5 ,8 2 4 ,7 8 7
N e t e a rn in g s.............
O th e r n e t r e c e ip t s .........
6 88 ,76 7
5 0 ,7 5 6
6 32 ,55 1
6 4 ,7 2 7
3 ,8 3 6 ,7 7 0
2 1 0 ,9 1 7
3 ,1 7 9,70 3
196 .91 2
T o t a l ............................
D educt—
P e rm a u ’ t im p r o v o m ’ t s .
P r o p o r t ’n y e a r’s ch ’ g'es.
7 3 9 ,52 3
7 5 7 ,2 7 8
4 ,0 4 7 ,6 3 7
3 ,3 7 6 ,6 2 0
6 5 0 ,0 0 0
8 1 ,1 9 3
3 ,1 2 9 ,2 0 4
6 4 .3 6 7
3 ,2 5 0 ,0 0 0
3 ,2 1 0 ,4 0 2
8 3 7 ,2 3 5
3 ,3 1 4 ,3 6 7
6 2 ,2 5 3
8 ,4 7 5 ,7 6 1
8 ,0 3 3 .3 2 9
1 7,5 6 8 ,9 3 9
1 7 ,4 2 9 ,0 1 6
8,761
6 2 5 ,81 1
T o t a l.............................
634 ,60 2
6 5 0 ,0 0 0
S u rp lu s................................
104 ,92 1
1 0 7 ,2 7 8
C o a l & I k on C o .*—
G ro ss re o e ip t s ................. 1 ,6 3 0 ,3 0 1 2 ,3 1 0 ,7 4 8
O p eratin g e x p e n s e s ___ 1,5 6 7,66 5 2 ,2 /4 ,0 8 6
N e te a rn in g s .............
D ed u ct—
C o llie ry im p rovem en ts.
P e rm a n 't im p rov ern 'ts.
P r o p o r t ’n y e a r’ s ch ’ rges
62,6 39
7 7 .1 7 7
8,967
68,0 00
T o t a l ............................
1 5 4 ,1 1 1
D e fic it ................................
9 1 ,5 0 5
P . & R , a n d C. & I. C o .—
D e ficit o f C. & I. C o.......
9 ' .5 ">5
S urplus o£ R a ilroa d C o.
1 0 1 ,9 2 L
3 6 ,6 6 2
4 3 7 ,4 3 2
4 3 9 ,9 5 3
6 8 ,0 0 0
3 6 7 ,7 0 8
4 6 ,7 0 3
3 3 0 ,0 0 0
1 8 9 ,5 1 5
17,911
3 4 >.000
68,0 00
31,3 38
7 4 4 ,4 1 6
3 0 6 ,9 3 4
5 4 7 ,4 2 5
4 ,7 ,4 7 2
31,3 38
107 ,27 8
3 0 6 ,9 8 4
8 3 7 ,2 8 5
4 0 7 ,4 7 2
6 2,2 53
(V ol . LVL
C o m m e r c ia l
COMMERCIAL
g in x e s .
EPITOME.
F k i d a y N ig h t , .June 2, I S 93.
H igh w ater iu the lo w e r Mississippi th reaten ed da m a ge to
the co tto n lands, and tow a rd the close o f the w eek in d ica tio n s
o f exten sive flood in g w ere con sidered q uite serious. T h e
latest new s fr o m the w heat belt rep orts g en era lly fa v o ra b le
w eath er, b u t in one or tw o sections the ch in ch bug is said to
have appeared. Corn plan tin g is still u nfin ish ed in th e O h io
va lley, in con seq u en ce o f excessive m oisture, but in oth er s e c
tions o f the W e s t the con d ition s are fav ora b le and the a c r e
age is rep orted larger th an last year. Oats are d o in g fa ir ly
w ell. A m od erate ex p ort trade has taken pla ce in w h ea t, b u t
foreig n orders fo r oth er description s o f breadstuffs h a v e been
m oderate. The su p ply o f sw in e is in creasing, but the present
stock o f cu red m eats is sm all and firm ly held. A t th e close
general business has again b ecom e som ew h a t d istu rb ed in
con seq u en ce o f finan cial difficulties at the W est.
T he fo llo w in g is a com p a ra tiv e statem ent o f stocks o f
loadin g articles o f m erch a n dise at dates g iv e n :
P o rk .............................. ............b bls.
C a r d .............................
T o b a cco , d o m e stic . ..........b i d s .
T ob a cco, f o r e ig n ___
Coffee, R io ...................
C offee, o th e r ...............
Coffee, J a v a , & c ........ ..........m ats.
S u ga r............................
■Sugar............................
S ugar............................
M e la d o ........................
Molasses, fo re ig n . . . ..........hhds.
M olasses, d o m e s t ic .
H id es.............................
C o tto n ..........................
R o sin ............................
8 plrlts tu rp e n tin e . . .
T a r ...............................
R ice, E . T ....................
R ice, d o m e s t ic .......... ............bbls.
L in s e e d ....................
S altp etre.....................
lu te b u t t s ..................
Manila h e m p .......... ..
8i sal h e m p .................
F lou r.................. bbls. and sacks.
1 89 3 .
M a y 1.
1893.
June l.
9 ,7 5 5
9 ,2 3 0
1 5 .2 7 3
4 5 ,5 7 9
2 3 4 ,7 7 1
9 2 ,3 4 9
1 0S .6 8 0
N one.
N one.
3 2 ,5 3 3
N one.
138
2 ,0 0 0
290.5C 0
2 4 9 ,9 3 9
3 3 ,4 9 5
682
4 ,0 3 5
12,000
1 5 ,5 0 0
N one.
13,0i>0
2 6 ,6 0 0
3 ,7 0 2
3 ,0 8 9
1 9 7 .1 0 0
6 ,9 4 5
1 2 ,3 2 9
1 4 ,3 1 9
4 8 ,3 3 4
1 2 1 ,0 5 6
8 9 ,4 1 8
1 2 0 .0 9 8
3 ,9 6 4
N one.
1 0 4 ,1 1 2
N one.
5 15
1 ,8 0 0
3 7 6 ,9 0 0
2 0 1 ,7 4 1
30,1 03
1 .8 0 5
3 ,5 9 1
1 5 ,0 9 0
1 0,5 00
N one.
1 2 ,5 0 0
2 2 ,5 0 0
3 ,0 0 0
2 ,6 1 5
2 2 0 ,9 0 )
1 89 2 .
J u n e 1.
2 4 ,8 2 2
3 0 ,0 0 9
1 5 ,3 1 2
4 1 ,3 2 3
2 2 9 ,6 1 6
1 4 3 ,1 0 1
2 0 ,8 6 2
2 ,7 7 9
N on e.
5 4 0 ,8 0 0
N one.
1 ,4 2 6
5 ,5 0 0
4 5 0 ,5 0 0
3 5 6 ,1 0 7
1 3 ,7 8 1
1 .6 8 6
2 ,7 2 7
1 2 ,0 0 0
3 ,0 0 0
N one.
1 3 ,5 0 0
8 6 ,1 5 0
N one.
3 ,0 0 0
1 9 3 ,0 0 0
L a rd on the spot has sold s lo w ly and prices have g ra d u a lly
w eakened th rou gh ou t the w eek . The close w as easy at 9 75c.
fo r prim e C ity, 10-60c. for prim e W estern a nd 11-10c. f o r re
fined fo r the Continent. The specu la tion in la rd f o r fu t u r e
delivery in this m arket has been d u ll and values h a v e w e a k
ened to a m oderate ex ten t in response to easier a dvices fro m
the W e3t, w h ere “ J on g s" h av e been sellers to realize p ro fit?.
T he close w as easy.
D A I L Y CLO SIN G P R IC E S O P L A R D F U T U R E S .
Sat.
M ay d e liv e ry ....................... o ..........
Iuly d e l i v e r y ................... o. 11-00
S eptem b er d e liv e r y ___ c. 11-30
M on . Tues. Wed.
10-75
J
. 30-6 0
10-8 0 -§ 3“
10-7 0
11-La
1 1-0 9
Thurs.
10-65
1 0 -8 9
11-1 5
l-'ri.
10 55
1 0-7 0
1 1 -0 5
P ork has been in ligh t request b ut steady, closin g at $31 75
$13 50 fo r mess. Cut m eats are dull a n d u n ch a n g e d .
T a llow has been steady, closin g at 5 % o . O ottoa-seed oil is
du ll and easy at 40c. fo r prim e cru d e a nd 45c. for p rim e y e l
— The result o f th e operation o f th e L eh ig h V a lle y R iilr o a d lo w . B utter and cheese are lo w e r. E g g s steady.
C offee sold w ith less fre e d o m , b u t sm all w ell con trolle d
fo r th e m on th o f M arch and fou r m on th s en d in g M arch 31
supplies served to fa irly sustain v a lu e 3. R io q u oted at 17c.
1893, is as fo llo w s :
.--------------M arch.-------------- , ■—i m os etui. Mch. 3 1.—, for N o. 7 ; g o o d C actita 30% c ., and in terior P a d a n g
1892.
1 893.
23c. C ontracts h av e been b a n d ied m od era tely and w ere easier
1892.
1393.
R e ce ip ts ..
$ 1 ,3 0 6 ,1 3 3 $ 1 ,5 5 1 ,6 2 9 $ 5 ,6 3 8 ,0 1 7 $ 5 ,9 1 0 ,7 9 9
in tone, but at the close on lig h t offerin gs the fe e lin g is a
E xpenses.
1 ,1 5 8 .3 1 0
9 5 7 ,1 9 3
1 ,6 9 4 ,3 7 5
1 ,2 7 7 ,0 1 9
shade firm er. The fo llo w in g are the final askin g prices.
B al. Loth c o m p a n ie s..su r.1 3 ,416 su r.7 5 ,9 4 0 sm -.539.301 dr-f.345,219
* N o t e .— T h e b u sin ess o f th e L e h ig h V a lle y a n d L eh ig h & W ilkesb arre d ep a rtm en ts is In clu d ed in th e y e a r 189 l.
E a r n in g s ...................
Philadelphia
$ 1 1 7 , S23
$ 5 9 4 ,1 3 1
$ 9 4 3 ,6 7 2
$ 1 ,6 7 2 ,7 8 0
Reading & New England — The term s
offered the first m ortga ge bondholders o f this com p a n y in the
R ea din g plan are m ore fav ora b le than at first reported. T h ey
are asked to accep t the co m p a n y ’s first m ortg a g e 5 per cen t
bonds in pa ym en t o f interest d u rin g 3 X years o n ly in stead o f
five, preserve the R eadin g guarantee o n the bonds, and have
the earnings m eantim e spent on th e road. These term s seem
e xcetp ion a lly fav ora b le and can h ard ly fail to be accep ted.
Richmond Terminal.—R ich m on d & W e s t P oin t Term inal
R a ilw a y & W arehouse
C om pan y reorgan ization
certifi
cates o f deposit issued b y D rexel, M organ & C o,, and cou n
tersigned by the Central Trust C om p a n y , fo r both classes o f
stock and both kinds o f bonds, w ere listed this w eek on the
N ew Y o r k S tock E xch a n g e. A list o f th e variou s issues
w h ich are to be deposited u n der the reorga n iza tion plan is
published in ou r a dvertisin g colu m n s.
T he deposits o f all
classes are stated to be co m in g in e x ce e d in g ly w ell, and
already a m a jo rity o f som e issues is in sight. Jun e 10 has
been fixed as the lim it o f tim e fo r th e a ccep ta n ce o f deposits
o f the R ieh m on d Term in al securities w ith ou t a n y ch a rge bv
w a y o f pen alty.
J
Westinglionse
Electric
&
Manufacturing Co.—The
fo llo w in g d ir e c to r s and officers w ere recen tly elected fo r the
e n su in g *yea r: Charles Francis A d a m s, L em u el B iu n is W
A u g u st B elm ont, N. W . B u m stead, A. M. B yers, M arcellus
H artley, G eorge W . H ebard, H en ry B. H y d e, B ra yton Ives
a nd G eorge W estinghouse, J r.; C hairm an, B rayton IvesPresident, G eorge W estin g h ou 3e, Jr.
id)
J u n e .................... 1 6 1 5 c . I 8 e p t ................... 1 5 '2 5 c . , D e e ...................... 15-05C.
J u l y ....... . . . . . . 1 5 60c. O c t . . . ................. 15*10o. J a n .- ......................14*85c.
A u g ..................... 1 5 -lO c. ! N o v .....................15 0 5 c . I
R a w sugars less a ctive, b ut sp a rin gly offered and firm ly
h eld. C en trifu ga l q u oted at 4J^c. fo r 96-deg. test and M us
co v a d o at 3 % c . for 89 d eg. test. R efined sugars du ll a u d u n
ch a n g ed ; gran u lated q u oted at 5 % c . O ther staple groceries
slow o f sale w ith fe w ch anges in valu e.
F o r K e n tu c k y tob a cco th e d em a n d w as q u iet b ut prices
w ere g en era lly firm . Seed leaf tob a cc > has been q u iet but
steady; sales fo r the w eek 910 cases, in clu d in g 200 cases
1891 crop . P en nsylvania H av a n a , 1 2 j^ @ 3 3 c.; 100 cases 1891
crop , P en nsylvania seed, private term s; 150 cases 1891 cro p ,
State H avana, 12J^<§20c.
In straits tin the specu lative dealin gs have been m od e ra tiv ely a ctive, b u t at a further d eclin e iu prices, du e to w ea k er
advices fro m abroad and excessive supplies. The close, h o w
ever. w as steady on a shade stronger cables fro m L on d on , at
18--5@ 19c. Sales fo r th e w eek w ere a bou t 500 tons. In g o t
cop p er is du ll b u t steady at 10-80c. for Lake. L ea d is quiet
and w ith ou t im p ortan t ch a n ge at. 3-92J^c. for d om estic. P ig
iron is du ll and and u n ch a n ged at $12 7 5 -g fl5 50.
R efined petroleu m is fa illy a ctive and steady at 5 1 5 c. in
bhls., 2 63c. in bulk and 5-7oc. in cases; cru d e in bbls. is u n
ch a n ged , W ash in gton closin g q u iet at 5c. in bbls. and 2-50c.
in b u lk ; naphtha 5J^c. C rude certificates have been n eglected .
Spirits turpentine w as dull but stead y at 2-‘% e.'a 2 9 ,1-Jc. Rosin
w as quiet and u n ch a n ged at $1 2 5 ^ $1 27j>£ fo r c o m m o n and
g o o d strained. W o o l is dull and w eak. H op s are firm b ut
quiet.
THE CHRONICLE
J une 3, 1893.J
C
O
T
T
O
N
.
Friday Night, Juno 2, 1893.
T h e M o v e m e n t o f t h e C h o p , as in d ic a te d b y o u r telegra m s
fro m th e S ou th to -n ig h t, is g iv e n b elow . F o r th e w eek ending
this e v e n in g th e tota l re ceip ts h a v e re a ch e d 25,580 bales,
against 25,359 bales last w eek a n d 32,025 bales th e p reviou s
w eek , m a k in g th e to ta l receip ts sin ce th e 1st o f S ep t., 1892,
4,905,100 bales, aga in st 0,957,186 bales fo r th e sam e period oi
1891-2, s h o w in g a decrea se s in c e Sep. 1, 1892, o f 2,052,080 bale -.
R eceipts at—
Tues.
M on.
Sat.
G a lv e s t o n .........
128
106
418
N ew O r le a n s ...
6 26
244
2 ,0 0 0
3 47
3 ,6 7 4
19
374
..........
300
......
.........
......
404
373
......
.........
246
561
..........
232
......
2
......
798
28
......
460
141
818
......
116
......
P liila d e lp li’ a & c
327
196
T o t ’ls this w eek
3.022
4 871
F l o r i d a ...............
S a v a n n a h ..........
B ru n sw ’ k , &c.
C h a r le s to n ........
F t. R o y a l, &e.
W ilm in g to n ___
W ash’ to n , & c.
N o r fo lk ...............
W e st P o i n t ...
N ’ p o rt N ., &c.
N ew Y o r k .........
Wed.
T h u r t.
F r i.
353
492
2 ,5 9 7
327
..........
256
..........
87
..........
24
..........
155
2 00
148
3 00
......
337
......
6
..........
201
..........
594
217
___ _ .
429
127
......
3 00
88
6 ,0 1 9
371
1 ,561
1 ,2 5 4
9 ,6 2 i
857
2,582
2 5.5 86
249
338
501
230
......
27
..........
19
..........
1 40
124
473
.........
281
526
49
5 ,198
3 040
3.436
..........
4 83
768
249
2 520
1 ,0 6 9
621
1 ,0 6 0
1 239
774
1 ,411
T he fo llo w in g sh ow s th e w eek ’s tota l receip ts, th e tota l since
Sept. 1, 1892, and th e s to ck to-n ig h t, co m p a re d w ith last vear.
R eceipts to
J u n e 2.
G a lv e s t o n ...
E l P a so, & c
N e w O rleans
M o b ile ...........
Since Sep.
1 ,1 8 9 2 .
W ilm in g ton ..
1,561 1 ,0 3 1 ,3 5 0
1 ,2 5 4
5 3 ,3 2 9
9,631 1 ,5 2 7 ,1 2 2
1 6 6 .7 9 3
857
28,027
2 ,5 8 2
7 5 8 ,0 2 0
140,265
2 7 8 ,4 3 9
768
427
1 5 8 ,1 0 0
2 49
N o r f o l k ........
W e st P oin t
N ’ p ’t N .,& c
N e w Y o r k . ..
B o s t o n .........
B a lt im o r e ...
P h ila d e l.,& c.
2 ,5 2 0
1,069
621
1 ,0 6 0
1 ,2 3 9
774
1 ,411
S a v a n n a h ...
C h a r le s t o n ..
T o t a l s ........
S tock.
1 8 9 1 -9 2 .
1 8 9 2 -9 3 .
This
Week.
This
Week
S ince Sep.
1 ,1 8 9 1 .
2 7 3 ,6 6 0
1 9 2 ,09 8
20,6 26
4 6 ,1 9 6
1 1 2 ,82 7
6 2 ,5 5 0
5 4 ,5 2 2
2 ,6 3 8 1 ,1 3 1 ,5 6 2
1,361
4 2 ,6 7 7
1 2 ,2 1 4 2 ,4 3 5 ,0 5 5
2 6 2 ,1 9 5
880
2 4 ,6 9 8
5 ,9 3 7
9 9 9 ,7 8 0
1 6 6 ,8 6 6
637
4 5 7 ,8 2 9
938
4
1,529
1 ,2 8 4
159 ,40 5
2 ,3 4 2
508^596
2,629
3 ,1 8 5
3 28 ,79 9
4 5 ,5 6 2
230
8 7 ,7 0 9
390
1 30 ,22 2
289
9 1 ,6 9 6
1 ,0 1 6
812
8 0 ,6 6 4
2 5 ,5 8 6 4 ,9 0 5 ,1 0 6
3 4 ,4 4 4 6 ,9 5 7 ,1 8 6
1 89 3 .
1892
3 1 ,1 9 7
2 3 ,5 1 6
1 3 0 ,34 1
8 ,8 5 7
142,271
14,2 96
3 0 ,7 3 6
500
2 5 ,1 3 8
2 7 ,0 0 7
4 ,7 6 4
1 1 ,4 2 4
18,377
1 ,6 2 7
2 ,0 2 9
2 0 3 ,0 3 5
6 ,5 0 0
7 ,4 3 8
10,7 59
15.995
4 ,7 4 2
3 o 4 .8 d 3
7.600
16.991
9 .5 2 3
4 8 1 ,3 9 8
6 5 5 ,2 3 0
2 7 ,0 0 7
I n o rd e r th at com p a rison m a y be m ad e w ith oth er yeai s, w e
giv e b e lo w th e totals at lea d in g ports fo r s ix seasons.
R eceipts a t—
1 89 2 .
1893.
1891.
1890.
1889.
1 888
G a lv e s ’ n,& c.
N e w O rleans
M o b i l e .........
S a v a n n a h ...
Ciiar’ to n ,& c
W ilm ’ to n ,& c
N o r f o l k ........
W . P oin t,& c.
A ll o t h e r s ...
2,815
9 ,6 2 1
857
2 ,5 8 2
768
249
2 ,5 2 0
1,690
4 ,4 8 4
3,999
12,214
880
5 ,9 3 7
942
1,281
2 ,6 2 9
3 ,4 L5
3 ,1 4 4
2 ,475
7 ,3 1 7
944
6 ,1 9 1
1 ,7 1 3
472
4 ,2 5 1
2 ,8 1 5
4 ,7 8 8
222
2 ,0 5 2
56
680
175
45
61
246
950
269
1,431
68
315
5 62
29
698
4 77
2,831
366
5 ,3 1 7
97
3 ,0 2 5
2 ,8 1 8
31
3 ,1 7 9
1,132
3 ,6 5 7
T o t. this w k .
2 5 ,5 8 6
3 4 ,4 4 1
3 0 ,9 9 6
4,487
6 ,7 1 0
19,6 22
S in ce S ept. 1 490 5 .1 0 6 6 9 5 7 ,1 8 6 6 78 3 .9 1 3 5 7 5 7 ,0 2 8 5 477.211 5 3 8 6 933
T h e e x p o rts fo r the w eek en d in g this e v e n in g rea ch a to ta l
o f 32,231 bales, o f w h ich 17,653 w ere to G reat B ritain , 2,699
to F ra n ce and 11.871 to th e rest o f th e C on tin en t. B elow are
t e e x p o rts f o r th e w eek and sin ce S ep tem b er 1, 1892.
Exports
from.—
Gtilvestou—
Velasco, &c...
New Orleans.
Mobile & Pen.
Savannah —
Brunswick—
Charleston...
Wilmington.
N orfolk..........
W est Point...
N’p’t News, &i
New York___
Boston...........
Baltimore___
Philadelp’a,&<
Week Ending June 2
Exported to—
From Sept. 1,1892, to June 2 .1893
Exported to —
Great
Great
Conti Total
Conti
Franct
Tot*.
Franc
t
nent. Week. Britain.
Brit'n.
nent.
1,200 1,200
1,367 12,494
11,12.
525
525
........
152,603 L33.748
17,869
537,557 315,079
43,693
61,711 24,727
57,776 2,4 8 J
86,694 7,990
74,102
03,086
62.23t>
8,863
404,08'- 26,100
106,290
81.246 8,911
13,225
167,510 753.884
30,312
48.181
351,445 1,207.081
400
44,096
260,761 347.190
80,756
20,499
113.907 208,501
57.929 132,031
30.085 123,771
59,935
7,700
8,863
155,867 585,554
6,839 203.135
105.252 195,392
416
13,641
S.f-64
2,66'
75C
......
1,91e
.....
8,58fc 13,200
2,667
2,046
10
03
93
t ,058
2,699
1,874 32,2-1 2.183,633 518,945 1,311,422 4,012,000
Total. 1*91-9*2. 34.037
55
16.509 51.201 8 190 666 673.556 1.671.743'5.585.964
T otal...%......
In a d d ition to a b o v e ex p o rts , o u r telegra m s to -n ig h t a ls o
<lve us the fo llo w in g a m ou n ts o f co tto n on sh ip b oa rd , n o t
oleared, a t th e p orts n am ed .
W e add sim ilar figu res f o r
New Y o r k , w h ich are prepared f o r o u r speoial use b y M essrs,
C arey, Y a le Sc L a m b ert. 24 B eaver Street.
On S hipboard, n o t clea red —f o r
J u n e 2 at—
N ew O r le a n s ...
Great
B rita in .
Other
F ra n ce. F oreign
L ea v in g
Stock.
C oast
wise.
Total.
1 7 ,7 5 4
3 ,3 3 9
3 .9 0 0
800
N ono.
8 .9 0 0
17,0 00
9 ,0 0 0
1 1 2 ,58 7
2 7 ,8 5 8
2 6 ,8 3 6
2 4 ,3 3 8
8 ,8 5 7
9 ,4 7 7
1 8 6 ,0 8 5
2 4 ,6 6 7
O th er p o rts ___
1 ,9 1 7
N one.
N one.
N one.
N ono.
0 ,3 0 0
5 .4 0 0
5 ,0 0 0
T o ta l 1 8 9 3 ...
18,6 17
8 ,1 3 5
2 8,1 33
5 ,8 0 3
6 0 ,6 9 3
4 2 0 ,7 0 5
T o ta l 1 8 9 2 ...
T o ta l 1 8 9 1 ...
2 4 ,2 8 0
2 8 ,2 9 2
2 ,921
9 ,5 4 3
15,708
2 2.1 73
8 ,6 8 7
5 ,8 9 0
5 1 .6 0 2
6 5 ,8 9 8
6 0 3 ,6 2 8
3 1 5 ,1 8 3
Totai
199
762
353
247
933
C h a rleston ........
6 ,3 3 5
N one.
N on o.
N one.
N on e.
N one.
1 ,8 0 0
N one.
8 .0 9 0
2 ,048
3 .0 0 0
N one.
N ono.
9 ,8 0 0
4 .0 0 0
1 ,4 1 2
691
9 00
8u0
N on e.
2 .0 0 0
N on e.
N one.
ouo
S p eculation in co tto n fo r fu tu re d elivery at ib is m arket has
been on ly fa irly a ctive, con tin u ed tim id ity in regard to the
finan cial situation restrainin g operators fr o m in vestin g w ith
freed om . L o c a l sentim en t, nevertheless, has b ecom e som e
w h a t m o r e ' bu llish than h eretofore a n d operators on the
“ short” side o f the m arket ex h ib it nervousness, w ith a ten
den cy to co v e r p ro m p tly w h en ever features adverse to th eir
position dev elop. R isin g w a ter on th e lo w e r Mississippi, a
crevasse o f som e m a gn itu d e at on e lo ca lity a n d con sidera b le
cotton land flood ed , togeth er w ith low er tem perature in sev
eral o f the cotton States, crea ted ren ew ed apprehensions in re
gard to the cro p that appear to h av e grea ter in flu en ce o f a
stren gthen ing ch a ra cter than du rin g early a n d m id d le M ay.
Increased dealin gs in cotton on the spot at L iv erp ool, w ith
advices in d ica tin g a w illin gn ess a m o n g M anchester spinners
to con tin u e purchases, also served to inspire a h ope o f fu ller
con su m p tion and con sequ en t m ore rapid red u ction o f visible
supply. D u rin g Saturday and M on d a y o f the cu rren t w eek
trading w as lig h t a n d cau tiou s w ith n o t m u ch variation in
value, and on Tuesday the E x ch a n g e was closed in con se
quen ce o f the M em orial h oliday.
W ed n esd a y m orn in g
brou ght better advices fro m abroad and values here ga in ed
som ew h at, w ith a fu rth er a dva n ce yesterday in con seq u en ce
o f con tin u ed strength a n d anim ation at L iv erp ool fo r b oth
spot and con tra ct cotton , and the receip t o f som e b u y in g
orders fr o m the Continent. T o-d a y th e c o n s 'ru ctio n placed
u pon fo re ig n a d vices is ch eerfu l a n d ou r m arket has again
a dvan ced ttu ou g h the stim ulus o f a g o o d co v e rin g dem and .
C otton on th e spot has fou n d m ore attention and at th e close
is bgC. higher. M id dlin g u plands 7 % c.
in e total sales fo r fo rw a rd d elivery fo r th e w eek are 420,700
bales. F o r im m ed iate d eliv e ry th e total sales fo o t up this w e e k
12.079 bales, in clu d in g 3,322 for e x p o rt, 1,457 fo r co n su m p tio n ,
------ f o r specu la tion and 7,300 on con tra ct. T he fo llo w in g are
the official q uotation s fo r ea ch d a y o f th e past w e e k —
M ay 27 to J u n e 2.
S a t.
Itto n T u e s W e d
T il.
F r i.
O r d in a r y ................................ ........
Si n e t O rd in a ry ..............................
G ood O r d in a r y ..............................
S trict G ood O r d in a r y .................
L o w M id d lin g ................................
S trict L o w M id d lin g....................
M id d lin g................. .........................
G o o d M id d lin g .............................
S trict G o o d M id d lin g .................
M iddlin g F a ir .................................
F a i r ...................................................
5*4
5=8
6*9
6 lai6
7=16
7 ’ in
7=8
7 l6ifi
8%
8*2
8 7s
5*4
5%
6*2
G 'rie
73,0
7 1iy
7=s
7 ■°,e
8=8
88,
8*8
54
5=8
6*2
J10
73,0
7>,0
7=a
73-16
84
8b
8=8
5 '4
5=8
6*2
613jg
7 3ltt
7ha
7=8
84
8 8,
8 7e
5=8
54
64
6 u ie
7=16
7=16
74
84«
84
8=8
9
GULF.
S a t.
W ed
Tb.
F r i.
U PLAN D S.
O rd in ary...........................................
S trict O r d in a r y ............................
G ood O r d iu a r y .............................
S trict G o o d O r d in a r y .................
L o w M id d lin g ................................
Strict, L o w M id d lin g....................
M id d lin g..........................................
G ood M iddlin g........................ .......
S trict G o o d M id d lin g .................
M id d lin g F a ir................................
F air....................................................
S T A IN E D .
fcA
. Cw
5*
0
33
ilo a Tues
5*2
5 78
5 78
6*4
64
7>,«
711«
7 7ig
7hc
7 u 16 71*10
7 '8 ^
7 78
8 =10 8 ‘ is
8%
8-%
84
s\
9*8
9 Hi
S a t.
5*2
54
5 78
5 7s
64
6=4
74s
7116
7h«
7 ', 0
7 U i 6 7 ‘ ll0
7 7rt
7 7r
8 3iq
8*16
8-q
8=8
84
84
9 H}
94
O
S3
IT Iou T u e s W e d
434
44
H oli5^8
5%
day.
6*4
04
7=18
7*16
MARKET ANO BAKES.
G o o d O r d in a r y ..............................
S trict G o o d O r d in a r y .................
L o w M iddlin g.................................
M id d lin g...........................................
6
7
73,0
79,6
710,0
S
8=16
84
8 7s
94
TU.
4 3.
538
64
7->i«
F r i.
4 7b
4=4
5=8
54
1 6 3e
64
7=16
7 cie
The to ta l sales o f co tto n on the spot a n d fo r fu tu re d e liv e r y
aacn d a y d u rin g th e w eek are in d ica ted in th e fo llo w in g
statement. F or the con v en ien ce o f th e reader w e a ls o add
%colu m n w h ich sh ow s at a g la n ce h o w th e m a rk e t c lo s e d on
same days.
____
SALES OP SPOT ‘AND CONTRACT.
SPOT MARKET
CLOSED.
E x- I C onp ort. su m p.
Sat’ d a v . S tead y a t G * d c .
M on da y D u l l .....................
622
— •I
123
....1
W e d 'd a v Q u iet & stea d y.
TUur’ d’ v F i n n .....................
F rid a y .. <d’ i A st’ y, 4 a d v
300 i
800
1.600
264
765
300
....
i S a leto J
F u tu ret.
Con
tract.
Total.
100
850
3 5 ,1 0 0
S I ,6 0 0
7 ,1 0 0
7.664
1,565
2,000
6 8 ,1 0 0
1 1 5 ,80 0
1 2 0 ,1 0 0
....
100
3 ,322! 1,457
___ 7 ,^ 0 0 12.079
T o ta l.
T h e S a l e s a m p P r ic e s o f F u t u r e s a r e s h o w n
f o llo w in g c o m p r e h e n s iv e ta b le :
4 2 0 ,7 0 0
by
th e
THE CHRONICLE.
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9 5 8 .0 0 0
3 ,5 0 0
1 0 5 ,0 0 0
7 ,0 0 0
200
6 ,0 0 0
1 8 1 ,0 0 0
4 ,0 0 0
8 3 ,0 0 0
1 0 ,0 0 0
7 ,0 0 0
7 7 3 .5 0 0
6 0 2 .8 0 0
4 0 6 ,7 0 0
T o ta l v is ib le s u p p ly ........... 3 ,4 1 0 ,8 0 3 3 ,8 2 1 ,2 3 3 2 ,7 6 5 ,4 1 7 1 ,9 4 3 ,6 7 9
O f t h e a b o v e , t h e t o ta is o f A m e r ic a n a n d oth er d e sc rip tio n s a r e a s fo llo w s :
A m er ica n —
L iv e rp o o l s t o c k ............. b a le s . 1 ,3 1 4 ,0 0 0 1 ,4 1 8 ,0 0 0 9 7 0 ,0 0 0 6 4 3 ,0 0 0
O o n tln e n ta ls to ck s ....................... 6 4 5 ,0 0 0
6 0 5 ,0 0 0 4 2 8 ,0 0 0 3 0 0 ,0 0 0
A m erican t f lo a t f o r E u r o p e .. .
1 2 8 ,0 0 0
1 6 3 ,0 0 0 1 3 5 ,0 0 0
6 3 ,0 0 0
U nited S tates s to o k ..................... 4 8 1 ,3 9 8
6 5 5 ,2 3 0 3 8 1 ,0 8 1 1 6 1 ,1 6 0
U nited S ta t e s I n t e r lo r s t o o k s ..
2 0 1 ,8 5 7
2 3 0 .5 8 3 1 40 ,32 2
3 2 ,3 2 2
U nited S ta tes e x p o r t s t o - d a y .
4 ,3 4 8
1 2 ,9 2 0
5 ,2 1 4
1 ,4 9 7
T o ta l A m s rlo a n ..................... 2 ,7 7 4 ,6 0 3 3 ,0 8 4 ,7 3 3 2 ,0 5 9 ,6 1 7 1 ,2 0 0 ,9 7 9
JSast I n d ia n , B r a z il, die —
L iverp ool s to c k ............................
2 5 9 ,0 0 0
2 1 7 ,0 0 0
2 3 0 ,0 0 0 3 0 4 ,0 0 0
L ondon s to o k ................................
5 ,0 0 0
9 .0 0 0
1 8 ,0 0 0
11,0 00
O o n tln e n ta ls to c k s ....................
1 2 0 .2 0 0
1 6 8 ,5 0 0
1 7 4 ,8 0 0 1 0 6 ,7 0 0
In d ia a flo a t f o r E u r o p e .............
2 0 5 ,0 0 0
3 1 7 ,0 0 0
2 5 1 ,0 0 0 2 9 2 ,0 0 0
E gy p t, B r a z il, <fco., a flo a t ...........
4 7 ,0 0 0
2 5 ,0 0 0
3 2 ,0 0 0
2 9 ,0 0 0
T o ta l E a s t I n d ia , 4so.............
6 3 6 ,2 0 0 7 3 6 ,5 0 0
7 0 5 ,8 0 0 7 4 2 ,7 0 0
T otal A m e r ic a n ..................... 2 ,7 7 4 ,6 0 3 3 ,0 8 4 ,7 3 3 2 ,0 5 9 ,6 1 7 1 ,2 0 0 ,9 7 9
T o ta l v is ib le BUpply. 3 ,4 1 0 .8 0 3 3 ,8 2 1 ,2 3 3 2 ,7 6 5 ,4 1 7 1 ,9 4 3 ,6 7 9
P rice M id . U p l.,L iv e r p o o l____
4 :i i ed.
4 :V d .
4 3jd .
6 » l t d.
P rice M id . U p l., N e w Y o r k ____
7% e.
7% o.
8 % c.
1 2 14e_
83F* T he im p orts in to C on tin en ta l ports the past w e e k h a v e
been 75,000 bales.
The a b ove figu res in d ica te a d e c r e a s e in th e c o t to n in sig h t
to n igh t o f 410,430 bales as com p a red w ith th e sam e date
o f 1892, an in c r e a s e o f 645,386 bales as co m p a re d w ith th e
corresp on d in g date o f 1891 and an i n c r e a s e o f 1,467,124 bales
as com p a red w ith 1890,
A T t h e I n t e r i o r T o w n s th e m o v e m e n t — th a t is th e receip ts
(or th e w eek , a n d sin ce S ep tem ber 1, th e ship m en ts f o r the
» e e k a n d th e stock s to -n ig h t, a n d th e sam e item s f o r the
aorresponding p eriod o f 1891-92— is set o u t in d eta il in the
k n o w in g statem en t.
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to e “ l>' 1 0 0 J a n e fo r A u g .
to e x oh . 100 J u n e fo r a u »
to e x o b . 1 0 0 J u n e S r July.'
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8U‘ *^,T off COTTON to -n ig h t, as m a d e u p by cable
a n d telegraph is as fo llo w s . T he Continental stocks, as w ell a»
those fo r <^reat B ritain and th e afloat are this w e e k ’s returns,
f n<r,,u0n8e;<iUeilt y ? th e E uropean figures are b rou gh t dow n
to Thursday even in g . B u t to m a k e th e totals the com plete
figures f o r to-n igh t (Ju n e 2), w e add the item o f exp orts from
t h e United States, in clu d in g in it th e exp orts o f F rid a y on ly.
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Sz
■ L o u is v ille figu res “ n e t ” In b o th y e a rs .
! T h is y e a r ’ s figu res e stim a te d .
The a b ove totals sh ow th at th e in te rio r s to c k s have d e c r e a s e d
during the w eek 11,622 bales and are to -n ig h t 28,726 bales
less than at the sam e period last year. T he re elpts at all th e
tow ns have been 97 bales less than the sam e w eek last
year and sin ce Sept. 1 th ey are 1,190,269 bales less than f o r the
same tim e in 1891-92, ^
_ ; ,.~T ,. .
THE CHRONICLE.
J une 3, 1893.]
Q u o t a t io n s
fob
M id d l in g O o t t o n
at
other
M a r k e t * ,-
B elow w e g iv e clo sin g q uotation s o f m id d lin g co tto n at South
ern a n d oth e r principal co tto n m arkets fo r e a c u d a y o tl e w e f t .
JLO SINO (QUOTATIONS B O B M ID D L IN G OOTTON
J u n e 2.
Satur.
G a lv e s t o n ...
N ew O rleans
M o b ile ..........
S a v a n n a h ...
C h a r le s to n ..
W ilm in g to n .
Mon.
7*8
714
7>s
738
7*o
714
7^3
711,6
713le
8 ‘8
7%
738
7116
74,
7=8
7 7S
B o s t o n .........
B a ltim o r e ...
P h ila d elp h ia
A u g u sta . . . .
M e m p h is___
Bt. L o u i s ___
H o u s t o n ___
C in c in n a t i..
L o u is v ille ...
Wednes.
Tues.
7H
7*4
718
738
7ia
714
7^
7=8
713j 6
8 is
738
738
74
7*4
74s
714
7(4
714
7^
7=8
7 ‘ 3j8
84s
7%
738
71,8
7%
7 7s
7 7e
718
7 >4
74,
73q
714
714
7=8
7 '8
73s
73s
7h6
74,
7 7e
7 78
Thun.
ON
F ri.
74s
74
74s
71.1
74
7 '4
7 j2
7=8
74
7 >4
7=8
74
7 ha
7=8
71ii8
84
738
73s
7116
74
74
74
84
7=8
7=8
7 7i0
7%
7 78
7 's
T h e clo s in g q uotation s to -d a y (F rid ay) at oth er im portan t
Sou th ern m arkets w e re as fo llo w s :
A t l a n t a ...........
C olu m b u s, G a .
C olu m b u s, M iss
E u ta u la ______ _
R e c e ip t s
7 i is
7
6 ‘a
7 iia
F rom
L ittle R o o k . . . .
7 l8 N e w b e r r y ...... .................
7M
M o n tg o m e ry . .
7 % R a le ig h .............
7
N a s h v ille .........
7^8 S e lm a ...............
6 13ig
N a t o h e z ............
7*e S h r e v e p o r t ___
the
P l a n t a t i o n s . — T he fo llo w in g ta b u
Indicates th e a ctu a l m ov em en t each w eek fr o m th e plantations
T he figu res d o n o t in clu d e overla n d receip ts n o r Southerr
co n su m p tio n ; th e y are sim p ly a statem en t o f th e w e e k lj
m o v e m e n t fr o m th e plan tations o f th at p a rt o f th e c r o p w h ic l
fin a lly reach es th e m a rk et th rou g h th e ou tports.
Week
Ending—
Apr.
May
“
“
"
June
28......
5......
12......
19......
26......
2 ......
Receipts at the Ports. SVkat Interior Towns. Rec’ptsfrom P lant1tu.
1891.
1892.
1893.
1891.
1892.
1893.
1891.
1892. | 1893.
59,536
44.772
52.519
38.591
33.082
30,996
49,283
50.870
50,127
30,670
36,977
34,444
46,144
30.968
30,150
32,625
25,359
25,586
231,976
211,869
187,744
169,863
151,932
140,322
301,912
283,018
264,971
256.497
245,202
230,583
280,297
259,203
243,086
229,525
213,479
201,857
44,130
24,666
28.394
20.710
15,151
19,886
30,612
31,976
32,0&0|
22,193
25.682
19,825
18.605
9 874
14 033
19.064
9.313
13,964
T h e a b ov e statem en t sh o w s: 1.— Th at the tota l receip ts fro n
the plantations sin ce Sept. 1 in 1892-93 are 4.978.329 bales; in
1891-92 w ere 7,131,840 bales; in 1890-91 w ere 6,903,665 bales
2.— That, alth ough the receipts at th e ou tports th e past week
w ere 25,586 bales, the actu al m ov em en t fr o m plantations w a
on ly 13,964 bales, the balance bein g taken fr o m the stocks a
the in terior to w n s. L ast y e a r the receip ts fr o m the plantation e
fo r th e w eek w ere 19,835 bales and fo r 1891 th e y w ere
19,386 bales.
Overlan d Movem ent
for
the
W
e e k a n d s in c e
Sept. l.—
W e g iv e b e lo w a statem ent s h ow in g th e ov erla n d m ov em en
fo r th e w e e k a n d sin ce Septem ber 1. A s th e le tu rn s rea ch u
by telegraph late F rid a y n ig h t it is im possib le to en ter st
la rg e ly in to detail as in o u r regu la r m on th ly rep ort, b u t ah
th e p rin cip a l m atters o f in terest are giv en .
This w eek lj
pu b h ca tion is o f cou rse su p plem en ta ry to the m ore extended
m o n th ly statem ents. T he results fo r the w eek en din g June 2
and sin ce Sept, 1 in th e last t w o years are as fo llo w s :
189 2 -9 3.
J u n e 2.
Since
Sept. 1.
W eek.
S hipped—
V ia St. L o u is ....................................
V ia C a ir o ...........................................
Pia H a n n ib a l...................................
7 ,0 5 0
941
138
Via L o u is v ille ..................................
V ia C in cin n a ti.................................
V ia o ih e r r o u te s , <fec.....................
510
2 ,398
1 ,8 8 4
T o t a l g r o ss o v e r la n d .................
D ed u ct sh ipm en ts—
O v e rla n d t o N. Y ., B o s t o n , & o ..
B e tw e e n in te r io r t o w n s .............
In la n d , <fco.,from S o u t h .............
T o t a l t o b e d e d u o te d .................
4 4 5 ,2 8 6
1 94 ,33 9
1 38 ,46 9
14,0 20
114,108
1 0 1 .56 5
1 d7 ,2 1 2
12,9 21 1,1 6 4,99 9
4 ,4 8 4
410
3 ,057
7,951
Week.
6 .7 3 5
1,105
94
1 ,496
1 ,268
749
Since
Sept. 1
6 3 9 .7 3 4
3 4 2 .04 2
16L.821
3 7 ,5 6 4
1 9 9 .13 9
1 5 4 .19 4
158 ,45 5
11,467 1 ,692 949
2 ,507
391
2,633
3 90 ,29 1
61,0 10
92.2 65
3 6 5 ,0 0 3
5 ,5 2 )
5 43 .56 6
7 9 9 ,9 9 6
5 ,9 1 4 1.149 383
2 7 6 ,0 9 5
22,031
6 6 ,8 7 7
L e a v in g t o ta l n e t o v e r la n d * ..
4 ,9 7 0
• I n o lu d iu g m o v e m e n t b y r a il t o C anada.
1 89 1 -9 2.
T he fo re g o in g sh ow s that the w eek ’s net overla n d m o v e m e n i
this year has been 4,970 bales, again st 5,944 bales f o r the
w e e k in 1892, a n d th a t fo r the season to date the aggreg ate net
overlan d ex h ib its a decrease fr o m a y ea r a g o o f 349,387 bales.
1892-93.
I n S ight a n d S p in n ers?
T akings.
R e ce ip ts a t p o rts to J u n e 2 ...........
N et o v e r la n d to J u n e 2....................
S o u th e rn c o n su m p tio n to Ju n e 2 .
Week.
S ince
Sept. 1.
2 5 ,5 8 6 4,9 0 5.10 6
7 9 9 .9 9 6
4 ,9 7 0
7 ,0 0 0
5 7 6 ,0 0 0
1891-92.
W eek.
Since
Sept. 1
3 4.4 44 6 ,9 5 7 .1 8 6
5 ,9 4 4 1,149 383
7 ,0 0 0
5 3 9 ,00 0
T o ta l m a r k e t e d ........................... 37,5 56 6 ,2 3 1 ,1 0 2 4 7 ,3 -8 8 ,6 4 5 569
73,2 23 *14,6191 1 71 .65 4
I n t e r io r s to c k s in e x c e s s ................ * 1 1 ,6 2 2
C am e In to s ig h t d u rin g w e e k .
T o t a l in s ig h t J u n e 2.................
N o rth ’ n s p in n e rs t a k ’g s to J 'n e 2.
* D e c re a se d u rin g w eek.
25,9 34
6 ,3 5 4.32 5
3 2 ,7 6 9
..........
......... 8 ,8 2 0 223
1,606,071
..........12,052,736
I t w ill be seen b y the a b ove that there has com e into sight
d u rin g the w eek 25,934 bales, against 32,769 bales fo r the
sam e w eek o f 1892, and that the decrease in a m ou n t in sight
to -n igh t as com p a red w ith last year is 2,465,898 bales.
985
W e a t h e r R e p o r t s b y T e l e g r a p h . — T eleg ra ph ic reports/
to us this even in g in dica te that there has been v e ry h eav y
rain in som e districts o f A rkansas and Tennessee du rin g the
past w eek, ca u sin g dam age. The ra in fa ll at H elena reached
13’ 16 inches and at M em phis 9 67 inches. E lsew ere in the
South the w eath er has on the w h ole been favora b le, b ut there
are som e com plain ts still o f too lo w tem perature a t n igh t.
Tne Mississippi R iver at M em phis is th irty-one and eight-tenths
feet on th e ga u ge and rising.
G a lv e s to n , T e x a s . — W e have had ligh t show ers on tw o days
o f the w eek, th e rain fall reach ing three hun dredths o f an in ch.
A vera ge therm om eter 81, highest 86 and low est 76. D uring
the m onth o f M ay the rain fall reach ed tw o inches and n in etyeigh t hundredths.
P a le s tin e , T e x a s . — W e h av e had on e g o o d sh ow er d u rin g
the w eek, to the exten t o f fo rty -fiv e hun dredths o f an in ch .
The th erm om eter has a vera ged 80, the h ighest b ein g 92 and
the low est 67. R ain fall d u rin g the m on th o f May fo u r in ches
and ninety-3ix hundredths.
H u n ts v ille / T e x a s . — D ry w eath er has prevailed all the w eek,
The therm om eter has averaged 83, and ran ged from 66 to 94»
D u rin g the m on th o f May the rain fall reach ed five in ches and
th irty-on e hundredths.
D a lla s , T e x a s . — Fields are clean and crops p rom isin g
th rou gh ou t Texas, but rain w ill be gen era lly n eeded b efore
ten days h ave elapsed. N o rain has fallen h ere du rin g the
w eek. The th erm om eter has ran ged fro m 60 to 96, a vera gin g
79. M ay rain fa ll fou r in ches and eigh ty-n in e hundredths.
S a n A n t o n i o , T e x a s . — The w eath er has been d ry all the
w eek. A verage th erm om eter 83, h igh est 94 and low est 68.
R ain fall fo r the m on th o f M ay tw o inches a n d fifty -tw o h u n
dredths.
D u lin g , T e x a s .— D ry w eath er has prevailed all the w eek .
The th erm om eter has averaged 84, th e h igh est b ein g 96 and
the low est 62. R ain fall d u rin g the m on th o f M ay tw o in ches
and fou rteen hundredths.
C o lu m b ia , T e x a s . — N o rain has fallen th e past w eek. T he
th erm om eter has averaged 84 and ran ged fr o m 70 to 96. D ur
in g the m on th o f M ay the rain fa ll rea ch ed eigh ty-n in e h u n
dredths o f an inch.
C u e r o , T e x a s , —D ry w eath er has prevailed all the w eek.
The th erm om eter has ran ged fro m 62 to 98, avera gin g 85.
D uring th e m onth o f M ay th e rain fall reach ed three in ch es
and th irty hundredths.
B r e n h a m , T e x a s . — W e have had show ers on tw o days o f th e
w eek, the ra in fa ll rea ch in g tw o h undredths o f an in ch . A v e r
age th erm om eter 84, h ighest 96 and low est 70. D u rin g th e
m onth o f M ay the rain fall reach ed three inches and five h u n
dredths.
B e lto n , T e x a s , — W e h ave had n o rain the past w eek. T he
th erm om eter h a s averaged 78, the h ighest being 94 and the
low est 60. D u rin g the m onth o f May the rain fall reached tw o
inches and e ig h ty -fo u r hundredths.
F o r t W o r t h ,- T e x a s . — There has been n o rain du rin g th e
w eek. T he th erm om eter has averaged 79, ran ging fro m 60 to
96. R ain fall fo r the m on th o f M ay three in ches and seven tyfive hundredths.
W e a th e r fo r d , T e x a s . — D ry w ea th er has prevailed all th e
w eek. The th erm om eter has ran ged fr o m 56 to 94, a vera gin g
78. M ay rain fa ll fo u r inches and seven ty-th ree hundredths.
N ev) O rlea n s, L o u is ia n a . — There has been .n o rain all the
w eek. A v era g e th erm om eter 80.
S h r e v e p o r t, L o u i s ia n a . — Crops are im p rovin g, th ou gh still
late. A severe hail-storm in the north w estern portion o f the
State cu t up crop s con sidera b ly in its path. W e e k ’s rain fall
tbirty-seven h undredths o f an in ch , on tw o davs. The ther
m om eter has averaged 78, the h ighest b ein g 93 and the lo w
est 62.
L a k e C h a rles, L o u i s ia n a . — This has been a fine g ro w in g
w eek fo r cotton , a n d cane is w ell w ork ed . R ain has fallen
on one da y to the exten t o f tw o inches and n ine hundredths.
The th erm om eter has a vera ged 80'7, ra n gin g fr o m 7 >to 94.
C olu m b u s, M is s is s ip p i. — P rospects are n ot g ood . W e have
had rain on five days d u rin g the w eek, to the exten t o f fo u r
inches and eigh ty-five hundredths.
The th erm om eter has
ran ged fro m 54 to 91, a vera gin g 75. M ay rain fall fo u r in ches
and fo rty -s ix hundredths.
L tla n d , M is s is s ip p i. — Rainfall fo r the w eek one in ch and
n in ety-fou r hundredths. A v era g e th erm om eter 72'4, highest
86 and low est 56.
ijittle R ook , A r k a n s a s .— U p to last n igh t the m ost excessive
rains h ave fallen on five days o f the w eek, and the co u a try in
this section is covered w ith water. The rivers are all high and
ri-in g , b ut present appearauces d o n o t indicate a general ov er
flow . The rain fall reached eigh t inches a nd th irty-five hun-
936
THE CHRONICLE.
dredtbs. The therm om eter has averaged 70'1, th e h igh est be
in g SO and the low est 55.
H e le n a , A r k a n s a s .— Rain has grea tly dam aged crops. The
river has fa lle n tw o feet and three inches and caused m u ch
re lie f in this section. B elow the Arkansas R iver, h ow ever,
there has been but little fall. W e h av e had h eav y rain on
fiv e days o f th e w eek, the precipitation reach in g thirteen
in ches a nd sixteen hundredths. T he th erm om eter has aver
aged 71, ra n g in g fro m 58 to 86. D u rin g th e m on th of-M ay the
ra in fa ll reach ed sixteen in ches and six ty -eig h t hundredths.
M e m p h is , T en n esse e .— E xcessive rains are doin g dam age to
low -la n ds and creek bottom s. Crop3 are grassy. The river is
th irty-one and eight-tenths feet on the ga u ge and again rising
I t has rained on fo u r days o f the w eek, the rain fa ll being nine
in ches and sixty-seven hundredths. It is n o w raining. The
th erm om eter has ran ged fro m 53-4 to 88'8, a veragin g 69-9.
M ay rain fall thirteen in ches and th irty-fou r hundredths, on
tw elv e da ys—the heaviest M ay ra in fa ll'on record.
N a s h v ille , T en n essee . —Telegram n ot received.
M o b ile , A la b a m a .— The w eath er has been v e ry favorable
d u rin g th e w eek a nd the crop is in g o o d con d ition a nd
g ro w in g finely. W e have had rain on fo u r days to the exten t
o f fifty -fo u r hundredths o f an inch. The th erm om eter has
averaged 77, the h igh est being 87 and the low est 61. D u rin g
th e m on th o f M ay the ra in fa ll reach ed six in ch es a n d six ty fo u r hundredths.
M o n tg o m e r y , A la b a m a .— W e are h a v in g to o m u c h rain and
r ig h ts are too cool. There lies been rain on fo u r da ys n u rin g
th e w eek , the precipitation bein g on e in ch a n d tw en ty -five
hundredths. T he th erm om eter has a vera ged 75, ra n g in g
fr o m 65 to 84. R ain fall fo r the m on th o f M ay six inches and
n inety-three hundredths.
S e lm a , A la b a m a .— Crops are v e ry sm all and low -la n d s are
still v ery grassy. C h oppin g ou t is a b on t tw o-th ird s co m
pleted. The rain fa ll has reach ed on e in ch o n fo u r days.
T he th erm om eter has ran ged fr o m 56 to 101, a vera gin g 78.
A u b u r n , A la b a m a . —Crops are g ro w in g ra pid ly n ow . E arly
peaches are ripenin g. Th ere has been fin e ra in du rin g th e
w e e k , th e ra in fa ll rea ch in g on e in ch a n d forty -on e h u n
dredths. A v e ra g e th erm om eter 73‘8, highest 91 and low est
55 5.
M a d is o n , F l o r i d a .— The w eather has been fa v ora b le du rin g
th e w e e k a nd the cro p con tin ues to d o w e ll. R ain has fallen
o n one da y, the rain fa ll being seventy h undredths o f an inch.
T he th erm om eter has averaged 77, the h ighest bein g 92 and
th e lo w e st 53.
A u g u s ta , G e o r g ia .— The w eather has been w a rm and sultry
th e past w eek , w iih ligh t rain on fo u r days. Crop reports are
u n fa vora b le. The plant is sm all and fu lly three w eeks be
h in d , and grass is b e co m in g troublesom e. The gen eral ou t
lo o k is n ot prom isin g. T he rain fall reach ed on e in ch and
n inety-n in e hundredths. A v e ra g e th erm om eter 75, highest
94 and low est 56. M ay ra in fa ll three in ches and tw en ty -fou r
hundredths.
S a v a n n a h , G e o r g ia . — It has rained on fo u r day3 o f the
w eek , the rainfall b ein g eigh ty-five hundredths o f an inch.
T he th erm om eter has ran ged fro m 59 to 91, a vera gin g 75.
C o lu m b u s, G e o r g ia .— W e have h ad rain on tw o days o f the
w eek , the precipitation rea ch in g seven tv h un dredths o f an
in ch . T he th erm om eter has averaged 79, ra n gin g from 68
rears, has been as fo llo w s .
“ O th er p o r t s ” c o v e r C ey lon ,
fu ticorin , K u rra ch ee a n d O oconada.
S hipm ents f o r the w eek.
Great
B rita in .
N e w O r le a n s ....
M e m p h is.............
N a s h v ille ...........
S h re v e p o rt.........
V ic k s m r g ...........
J u n e 2, ’ 92
F eet.
161
31-6
19-4
17*3
46 7
F eel.
17*2
34-4
10 7
34*1
48*4
•
T i t a l all—
1 $ 92 -9 3 ...
1 3 9 1 -9 2 ...
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s . — T he receipts
and hipm ents o f co tto n at B om b a y have been as fo llo w s for
th e w eek a nd year, b rin g in g the figures d o w n to June 1.
BOMBAT RECEIPTS AND 8IIIPMENT3 FOR FOUR TEARS.
Shipm ents th is w eek.
Shipm ents s in ce Sept. 1.
Great C on ti
G reat
B riV n. nent. Total. B r ita in
60.0 00 60,0 00 3 7 .0 0 0
4.000 7 2 .0 0 0 j7 6.0 00 5 8 .0 0 0
3 .0 0 0 9 3 .0 0 0 9 6.0 00 9 1 .0 0 0
1 4 ,0 0 0 3 1 .0 0 0 4 5.0 00 3 2 0 ,0 0 0
C onti
n en t.
Toted.
6 7 7 .0 0 0
7 1 4 .0 0 0
7 1 9 .0 0 0
7 7 7 .0 0 0
8 3 4 .0 0 0
9 2 5 .0 0 0
1001000 1 ,3 2 1,00 0
R eceip t,.
This
W eek.
Since
Sept. 1
8 6 ,0 0 0
75.000
7 1 .0 0 0
7 2 .0 0 0
1,500,001
1 ,4 7 7 ,00C
1.825.000
2 .042.000
C on ti
n ent.
Cal jn tta —
1 8 9 2 -9 3 ...
1 3 9 1 -9 2 ...
M adras—
1 8 9 2 -9 3 ...
1 89 1 - 9 2 ... 1 ,0 0 0
A ll o th e rs —
189 2 9 3 ...
1 $91 -9 2 ...
1 ,0 0 0
C h a r le s to n , S o u th C a r o lin a .— There has been rain on fou r
da ys o f the w eek , the precipita tion rea ch in g on e in ch and
fo r ty -fo u r hundredths. T he th erm om eter has a vera ged 75,
th e h igh est being 83 and the low est 57.
S t a te b u r g , S o u th C a r o lin a .— I t has rained on tw o days o f
th e w eek , th e precipita tion rea ch in g on e in ch and sixty-n in e
hundredths. The th erm om eter has ra n ged fr o m 54 to 93,
a v e ra g in g 72’8.
W il s o n , N o r t h C a r o li n a .— W e h ave h ad rain on fo u r days
o f the w eek , the ra in fa ll rea ch in g tw o inches and sixty-five
h un dredths. Tne th erm om eter has ra n ged fr o m 53 to 90,
averagin g 73.
T h e fo llo w in g statem en t w e h ave also re ce iv e d b y telegraph
sh o w in g th e h e igh t o f tb e riv ers at th e p oin ts n a m ed at 8
o ’c lo c k J u n e 1, 1893, a n d J u n e 2, 1892.
J u n e 1, ’ 93.
[VoL. l v i .
A c c o r d in g to the fo re g o in g B om b a y appears to sh on
an in c r e a s e com pa red w ith last yea r in the w e e k ’s receipts oi
11,000 bales and a d e c r e a s e in shipm ents o f 16,000 bales, anc
the shipm ents sin ce Sept. 1 show a d e c r e a s e o f 63,000 bales
T he m o v d h e n t at C alcu tta, M adras, and o th e r In d ia ports fo i
the last re p o rte d w eek and since th e 1st o f Septem ber, fo r tw e
Shipm ents sin ce Sept. 1.
Great
B rita in .
C ontinent.
1 0 ,0 0 0
8 ,0 0 0
3 8 .0 0 0
2 8 .0 0 0
4 3 .0 0 0
3 6 .0 0 0
i,o o 'o
1 0 ,0 0 0
1 8 ,0 0 0
6 ,0 0 0
1 2 ,0 0 0
1 6 .0 0 0
3 0 .0 0 0
5 ,0 0 0
5 .0 0 0
1 .0 0 0
2 2 ,0 0 0
2 9 ,0 0 0
4 0 .0 0 0
5 6 .0 0 0
6 2 .0 0 0
8 5 ,0 0 0
9 ,0 0 0
9 .0 0 0
2 .0 0 0
4 2 .0 0 0
5 5 .0 0 0
8 4 .0 0 0
9 6 .0 0 0
1 2 6 ,0 0 0
1 5 1 ,0 0 0
Total.
4 ,0 0 0
4 ,0 0 0
2 .0 0 6
Total.
T he a b ove totals f o r th e w eek sh ow th a t th e m o v em en t fr o m
the ports oth er than B om b a y is 7,000 bales m o r e than th e sam e
week last y ea r. F or th e w h ole o f In d ia , th erefore, th e total
shipm ents sin ce Septem ber 1, 1892, and fo r tb e co rresp on d in g
periods o f th e t w o previou s years, are as fo llo w s :
E X P O R T S TO E U R O P E F R O M A L L I N D I A .
1892-93.
1 8 9 1 -9 2 .
1 8 9 0 -9 1 .
Shipm ents
io a ll E u ro p e
fr o m —
T h is
w eek.
S in ce
Sept. 1.
T h is
w eek .
S in ce
Sept. 1.
T h is
w eek.
S ines
Sept. 1.
4.11 o t h e r p orta.
6 0 ,0 0 0
9 ,0 0 0
7 1 4 .0 0 0
1 2 6 .0 0 0
7 6 .0 0 0
2 ,0 0 0
7 7 7 .0 0 0
1 51 .00 0
9 6 ,0 0 0
5 ,0 0 0
9 2 5 .0 0 0
1 76 .00 0
T o t a l...........
6 9 ,0 0 0
8 4 0 .0 0 0
7 8 .0 0 0
9 2 8 ,0 0 0 1 0 1 ,0 0 0 1 ,0 0 1 ,0 0 0
A
l e x a n d r ia
R e c e ip t s
S h i p m e n t s .— T h rou g h arran ge
and
ments w e h av e m a d e w ith Messrs. D avies, B en a ch i & C o ., o f
L iv erp ool a n d A le x a n d ria , w e n o w receiv e a w e e k ly ca b le o f
the m ovem en ts o f co tto n at A lex a n d ria , E g y p t. T he fo llo w in g
are th e receip ts a n d shipm en ts f o r th e past w e e k a n d f o r th e
oorrespon din g w e e k o f th e p reviou s tw o years.
A le x a n d ria , E g y p t,
M a y 31.
189 2 -9 3.
1 89 1 -9 2.
1 89 0 -9 1.
5 ,1 2 9 ,0 0 0
4 .0 0 0
4 ,6 4 0 .0 0 0
3 ,0 0 0
4 ,0 0 4 000
T h is
S in ce
w eek. Sept. 1.
T h is
S in ce
w eek. Sept. 1.
S ince
T h is
w eek. Sept. 1.
3 .0 0 0 2 8 2 ,0 0 0
1 .0 0 0 2 9 0 ,00 0
2 ,0 0 0 3 1 6 .0 0 0
3 ,0 0 0 2 3 8 .0 0 0
1,000 2 7 5 .0 0 0
3 ,0 0 0 2 2 1 .0 0 0
T o t a l E u r o p e .......... 4 ,0 0 0 5 7 2 ,0 0 0
a c a n t a r Is 9 8 p o u n d s .
5 ,0 0 0 5 5 4 ,0 0 0
4 ,0 0 0 4 9 6 ,0 0 0
E soa ip ts ( c a n t a r s * )....
T h is w e e k . . . .
S in ce 8 e p t. 1 .
E eports (b a le s )—
T o L i v e r p o o l .............
T o C o n tin e n t.............
*
This statem en t sh ow s th a t th e receip ts fo r th e w e e k en d in g
M ay 31 w e r e ------ cantars a nd the ship m en ts t o a ll E u rope
4,000 bales.
M a n c h e s t e r M a r k e t . — Our rep ort receiv ed b y ca b le to -n ig h t
from M anchester states that the m arket is d u ll b ut steady fo r
yarns a nd firm fo r sheetings. The d em a n d fo r In d ia is g o o d ,
but for C h ina p oor. W e g iv e th e prices fo r to -d a y b elow
and leave those fo r previou s w eeks o f this a n d last y e a r fo r
com p a rison :
1 89 2 .
1893.
32s Cop.
Twist.
A p .2 8
M ay 5
“ 12
“ 19
“ 26
J ’ ne 2
d.
7M
7
7
6\
6^
8 k lbs.
S hirtings.
s.
5
5
5
5
...
® 73§ 5
d.
® 8 !s
© 7 7s
® 7 ?s
®7%
d.
s. d.
7
3k
6 ^7 2
6 ®7 2
4k^>7 1
H o l i d a v ...
3>s® 7 0
C o t t o n C o n s u m p t io n
and
CotVn
M id. 32* Cop.
Tioist.
JJplds
a.
4 b18
4 516
41|
4 3ie
4hs
d.
63s
6k
638
638
638
638
d.
'3>738
'3>7'^6
-3738
3 73 8
3738
37k
CotVn
M id.
TJpld
8 k lbs.
S h irtin gs.
s.
5
5
5
5
5
5
d.
8.
lk ® 6
2 36
lk ® 6
lk ® 6
2 36
2 36
O verlan d Movem ent
d.
6
7
Ck
6k
7
7
to
a.
3 7a
4
315,8
4*16
4H s
43, „
J u n e 1.
— In con seq u en ce o f the sm all m ov em en t d u rin g M ay, w e
om it g iv in g th e usual exten sive details o f th e overla n d m o v e
m en t. B e lo w , h ow ev er, w e present a synopsis fo r the m on th
o f M ay and fo r th e n ine m on th s o f the season to J u n e 1:
G ross o v e r la n d fo r M a y .................... b a le s.
G ross ove rla n d f o r 9 m o n th s .......................
N et o v e r la n d fo r M a y .....................................
N et o v e r la n d fo r 9 m o n th s ...........................
P ort receip ts in M a y ........................................
P o rt re ce ip ts in 9 m o n th s .............................
E x p o rts in M a y.................................................
E x p o rts in 9 m o n th s ......................................
P o rt stooks on M a y 3 1 ...................................
N orthern sp in n ers’ tak in gs to J u n e 1 ___
S outhern sp in n ers’ tak in gs t o J u n e 1 —
O v erla n d t o C an ada f o r 9 m o n th s (inelud ed in n e t o v e r la n d ).............................
B urnt N orth and S outh in 9 m on th s —
S tock at N orth ’n in te rio r m ark ets J u n e 1
C am e in sig h t d u rin g M a y ..........................
A.mount o f c r o p in sig h t J u n e 1 .................
1892-91.
1891-92.
1 8 9 0 -9 1 .
7 3 ,3 2 5
1 ,1 6 2,26 2
3 8 ,6 5 6
799,361
1 23 ,90 5
4 ,8 9 8 ,6 3 0
2 6 4 ,1 7 r.
3 ,9 9 9,69 3
4 9 6 ,3 1 3
1,597,415
5 7 3 ,0 0 0
6 2 ,5 1 9
1 ,6 8 7 ,8 6 ?
2 1,1 12
1,146,394
1 9 2 ,89 5
0,9 1 6.13 6
563,511
5,5 0 3,90 1
6 3 8 ,1 0 8
2 ,0 4 1,30 9
5 3 5 ,0 0 0
8 2,0 98
1,5 5 9,62 5
4 2 ,4 0 9
9 3 4 ,9 9 5
1 9 6 ,0 1 8
6 7 5 5 ,0 5 0
2 3 5 ,5 9 0
5 ,4 7 1 ,7 2 9
4 0 1 ,3 5 0
1 ,8 8 9,37 2
4 9 3 ,0 3 0
5 8 ,2 1 9
64,1 08
46,0 02
9 ,0 6 2
17,7 42
3 6 ,0 7 6
2 ,7 3 9
1 4 ,6 7 9
11.351
1 9 2 ,6 2 9
1 8 9 ,0 2 7
139,561
6,3 4 7,99 1 8 ,8 0 7 ,5 3 0 .8,377,045
2 3 1 .1 7 7
2 7 8 ,4 7 3
. . . . . . . . 9 ,0 3 8 .7 0 7 8 ,6 5 5 ,5 1 8
T o ta l c r o p ..........................................................
499*02
502*44
499*05
A v e ra g e w e ig h t o f b a ’ e s ..............................
THE CHRONICLE]
3, 1893. J
O u r C otton A
creage
R
eport.-
- Our cotton a creage report
w ill probably be ready about the 8th o f Jun e.
Parties desir
in g the circu la r in quantities, w ith th en business ca rd printed
thereon, shou ld send in their orders as soon as possible, to
ensure early delivery.
N
ew
Y
ork
C otton
Exchange—Tw
e n t y -t h ir d
A
nnual
M e e t i n g . — The
tw en ty-th ird annual m eetin g o f th e N ew
Y o r k C otton E x ch a n g e w as held on W ed nesday, M ay 31.
President Jam es O. Bloss presented the reports o f th e various
com m ittees, w h ich were substantially as fo llo w s :
T he E x e cu tiv e C om m ittee re p o rts th a t w ith b u t tw o e x c e p tio n s all
th e offices in the b u ild in g a re ren ted , a t lea st a t th e l ull sch ed u le rates,
and in som e in sta n ces an a d v a n ce h a s b een secu red . T h e ren ta l will
y ie ld $ 6 8 ,8 2 5 0 0, a g a in st $ 6 4 ,9 0 5 67 hist y e a r, an in cre a s e o f
$ 3 ,9 1 9 33. T h e high s ta n d in g o f th e b u ild in g h a s b een m ain ta in ed
w ith o u t n o tice a b le in cr e a s e in ex p en se. T h e e le ctric-lig h t p la n t
h a v in g b e e n fo u n d in a d eq u a te, a n ew d y n a m o au d en g in e h a v e been
p u t in , w ith th e n ecss a ry w ires, A c., a t an e x p e n se o f $ 4 ,0 0 4 50.
T h e fin a n ces a re in g o o d c o n d itio n , th e red u ced b a la n ce at the c lo s e
o f the y e a r b e in g due in p a rt to un usu al e x p en d itu res, n ot lo o k e d fo r
w hen last y e a r’ s estim ates w ere p rep a red , and in p a rt to e x p en d itu res
in cu rre d fo r p erm a n en t im p rov em en ts.
T h e r e p o r t o f the W areh ou se an d D e liv e r y C om m ittee sh ow s a d e
crease in the a m ou n t o f c o tto n th a t has p a ssed u n d e r the su p erv ision
o f the In s p e ctio n B ureau, w h ich ca n be r e a d ily a cco u n te d fo r , n o tw ith
s ta n d in g th a t w e h a v e r e c e iv e d in N ew Y ork p r o p o r tio n a te ly as m uch
o f the cr o p as in the p a st fe w yea rs, b y th e sm a ller re ce ip ts a t this p o rt
an d the u n u su ally la rg e s to c k ca rr ie d o v e r fro m last year. T h e B ureau
co n tin u e s to reta in th e fu ll co n fid e n ce o f th e E x ch a n g e and th e p u b lic,
th e fe w a p p eals m a d e fro m orig in a l d ecision s, and the sm a ll a m ou n t of
cla im s, g iv in g e v id e n c e o f g r e a t ca re in the cla ssifica tion an d h a n d lin g
o f c o tto n .
T h e o p e ra tion s o f th e In s p ection B u rea u sh ow th a t fro m M ay 1st,
1 89 2 , to A p ril 2 9 th , 1 89 3 , in clu s iv e , th ere h a v e b een in s p e cte d 101,974 b a le s on w h ic h certifica tes h a v e b een issu ed f o r 2 9 ,6 6 3 bales. F or
th e sam e p eriod 118 ,94 9 b a les o f certifica ted co tto n an d 1 6 4 ,3 5 3 b ales
in sp e cte d but n ot certifica ted , h a v e b e e n w ith d ra w n , le a v in g certifi
ca tes o u ts ta n d in g on A p ril 29th , 1 8 9 3 , fo r 3,997 b ales, and in sp ected
b u t n o t ce r tifica te d 83,351 b ales. T h e b a la n ce on h a n d in th e g u a r a n
t e e F un d is $ 3 6 ,8 0 8 81. T h e d e cre a s e in th is fu n d is a cco u n te d fo r by
th e sm a lle r q u a n tity o f c o t t o n h a n d led an d less n u m b er o f certifica tes
tak en o u t.
I t is w ith e x tre m e s a tisfa ctio n th a t w e ca ll a tten tion t o th e rem a rk
a ble g r o w th o f th e b u sin ess o f the E x ch a n g e , ih e p a st y e a r sh ow in g
th e la rg e st v o lu m e sin ce its o rg a n iza tion . A ll b ra n ch e s o f th e co tto n
in d u s tiy , fr o m th e p la n te r to th e con su m er, h a v e a v a iled th e m se lv e s
o f th e fa cilitie s <ffered b y this E x c h a n g e fo r th e p r o te c tio n o f their
in tere sts. E a r ly in th e season , u n d er th e in flu en ce o f sm all cr o p
estim ates an d th e la rg e s t s p ecu la tiv e b u y in g sin ce 1 87 9 , th e
m a r k e t a d v a n ce d three t o fo u r cen ts a p o u n d , s ellin g b a ck again in th e
s p rin g n e a rly to th e lo w e s t le v e l, o w in g to a d ecrea sed d em an d , p a rtly
d ue to e x te n s iv e strik es in E n g land la stin g fo r fo u r m on th s, an d the d is
tu rb a n ce in fin a n cia l circ le s ca u sed b y th e m a n y b a n k fa ilu res in A u s
tra lia .
N o tw ith sta n d in g th e la rg e flu ctu a tion s d u rin g the y e a r and th e d is
tu rb a n ce s in th e fin a n cia l w orld , th ere has n o t been a sin g le fa ilu re on
th e E x ch a n g e —a v e ry g r a tify in g s h ow in g . The A nti-O ption b ill fa iled
o f p a ssag e in th e la st C ongress, n otw ith s ta n d in g th e ea rn est efforts o f
its a d v o ca te s. I t is to b e h o p e d that th e e x c e s s iv e e n d e a v o r th a t has
b een m a d e to secu re th e p a ss a g e o f such a la w w ill h a v e n o w sp en t
its e lf, and th a t th e b e tte r ju d g m e n t o f th ose w h o h a v e h e re to fo re
fa v o re d the m easu re m a y lea d them to b e lie v e th a t th e e v ils they d e
p lo re are n o t a ttrib u ta b le to a n y m eth od o f trad in g.
D u rin g th e p a st y e a r n o a ltera tion s h a v e b een m a d e in o u r B y -L a w s
o r R u le s w h ic h in v o lv e d a ch a n g e o f p rin cip le s in th e m eth od s o f b u si
ness. T h e o n ly ch a n g es h a v e b een th e a d o p tio n o f a d d itio n a l s a fe
gu ard s a ffectin g office w ork in g s. The a d v isa b ility o f s om e ch an ge
in th e fo rm o f co n tr a c t con tin u es to b e d iscu ssed an d su gg estion s
h a v e b e e n m a d e to th e B o a rd , h u t so fa r n o d efin ite a ctio n h a s b een
tak en. A c o m m itte e ha s th e m a tte r n ow in ch arge.
T h e tra n s a ction s in co tto n fo r fu tu re d e liv e ry h a v e a gg rega ted 52,4 5 0 .5 0 0 b ales, a ga in st 3 2 ,4 8 7 ,8 0 0 b ales la st y e a r an d 2 6 ,3 8 9 ,5 0 0
b ales in 1891.
R e p o rte d sales o f s p o t c o tto n co m p a re d w ith th e t w o p re v io u s sea
son s are as fo llo w s :
1892-93.
I f 91 92.
1890-91.
4 1 9 .1 6 7 bales.
1 7 2 ,2 7 4 b ales.
1 9 7 ,6 4 8 bales.
D u rin g th e p a st y e a r tw en ty -n in e m em b ers h a v e b een e le cte d and
th irty -fo u r m em b ersh ip s h a v e b een tra n sferred . T h e e x c e ss o f trans
fe rs o v e r D iem bers e le cte d is e x p la in e d b y th e a d o p tio n o f th e b y -la w
p e rm ittin g a m e m b e r h o ld in g tw o m em b ersh ip s in his ow n nam e to
u se th e e x tr a m em b ersh ip fo r th e a d m ission o f a n on -m em b er t o the
floor. T h e to ta l n u m b er o f m em b ersh ip s o u ts ta n d in g rem a lu s at 454.
O u r losses b y d ea th a re less than la st y e a r, eig h t in n u m b er, b u t in
th e lis t w e find s o m e o f o u r o ld e st an d m ost h ig h ly -esteem ed m em bers.
T h e r e p o rt o f th e T ru stees o f th e G ra tu ity F u n d sh ow s assets o f
$ 1 1 0 ,6 6 5 9 2, o f w h ich $ 8 0 ,0 0 0 is loa n ed on rea l esta te and $ 2 9 ,2 4 5 92
is on d e p o sit w ith th e N ew Y o r k L ife In su ra n ce & T ru st C om p a n y
A sse ssm e n ts due an d un paid, $ 28 0 . A c c r u e d in terest, $ 1 ,1 4 0 . T otal
assets, $ 1 1 0 ,6 6 5 9 2 ; to ta l lia b ilitie s, $ 3 1 ,9 0 1 7 9 ; le a v in g a b a la n c e o f
$ 7 8 ,7 6 4 13.
B y re fe re n ce t o th e estim a tes p re p a re d b y th e E x e c u tiv e C om
m itte e , it w ill b e seen th a t th ere w ill p r o b a b ly be a surp lus f o r th e
co m in g y e a r from th e b u ild in g o f $ 1 7 ,3 2 5 ; w ith dues o f $ 5 0 , a d eficit
fro m th e E x c h a n g e o f $ 1 ,9 0 0 , le a v in g a p ro b a b le n et surp lu s o f
$ 1 5 ,4 2 5 .
N o tw ith sta n d in g th e fa v o r a b le c o n d itio n as h erein se t fo rth , in
v ie w o f th e la rg e and u n e x p e cte d d isb u rsem en ts th a t h a v e b een in
cu rred , the B oa rd re c o m m e n d s th a t the d u es fo r the co m in g y e a r b e
fix e d a t $ 5 0 , and that the usual d iv id e n d o r retu rn fr o m th e ea rnings
o f th e b u ild in g b e at this tim e om itted .
J u t e B u t t s , B a g g i n g , & c . — Business lias been fa irly a ctive
fo r ju te b aggin g d u rin g the w eek u nder review , transactions
b ein g on the basis o f prices previously cu rren t, w h ich are
4 % c. fo r 1% lbs*., 5c. fo r 2 lbs. and 5J^c. fo r standard grades.
The m arket fo r ju te butts is quiet at l ^ c . for paper grades
and l% c . fo r ba ggin g quality. The stock o f ju te butts in the
U nited States on June 1 w as stated to be 22,500 bales, against
86,150 baits at the sam e date in 1802 aDd 60,500 bales in 1891.
The am ou nt afloat fo r this cou n try is n ow 70,285 bales, against
23,285 bales and 179,194 bales, respectively, in the tw o preced
in g years.
A v e r a g e s o f T e m p e r a t u r e a n d R a i n f a l l . — A s o f inter
est in con n ection w ith ou r m on th ly w eather record , w e h ave
prepared the su bjoin ed table, w h ich show s the State averages
o f th erm om eter in January, Febru ary, M arch and A p ril for
six years, 1888 to 1893, inclusive.
937
January.
1 hermometer
Averages.
N. CAR’ LLNA
1893..........
1898...........
1891 (full)..
1«90 (lull)..
1889 (good]
1888 (good)
8. CAR’LINA
1893...........
1893...........
1891 (full)..
1890 (full)..
1889 (good)
1888 (good)
Ge o r g ia .
18»3...........
1892...........
1891 (full)..
1890 (full)..
1889(good)
1888 (good)
Fl o r id a .
1803...........
1892 .......
1891 (ful ).
1890 (full)..
1889 (good)
1880 (good)
Ala b a m a .
1893...........
1892...........
1891 (full)..
1890 (full)..
he
i
o
5
04V
08V
70-i
07<
7P5
2*(
17*2
21 *(
20V
19*$!
10*2
31*0
39*5
42 0
51*3
42V
42*3
70*4 23*4
07*( 20-1
75*1 22*4
78*2 | 2V2
80*5 1 17*2
70 b 10O
08-i
077TI
77* 1
07*3
73-
9ii
23*
27*1
29*8
240
21*0
38*9
41 v
40-i)
50*0
40*3
45*“
67 0
07*3
72*7
70*2
00-0
73*3
12*3
23*0
27*0
30*0
23*1
19*9
74*5
77*6
77*0
(9*5
74*0
80-J
20*3
32*0
30*3
38*0
30*3
28*1
69*0
08-d
731
70i
b i*3
1888 (good) 72-2
Lo u is i a n a .
1893........... 73*0
1892........... 7:n
1891 (full).. 73*.
1890 (full).. 80*O
1S89 (good) 72*>.
1888 (good) 70*1
Missis sip p i
1893........... 72*1
1892........... 72*3
1891 (full).. 75*3
1890 (full).. 75*5
1889 (good) 08*b
1888 (good) 73*3
ARKANSAS.
1893........... 09*5
1892...... .
08-0
1891 (full).. 03*7
1890 (full).. 77*7
050
1888 (good) 73*3
TENNESSEE.
1893........... 04*8
1892.......... 00*1
lo91 (full).. 07*0
1890 (full).. 75*3
1889 (good) 01*2
1888 (good) 72*4
Te x a s .
1893........... 75*2
1892........... 725
1891 (full).. 09*1
1890 (full).. 78-9
1889(good) 09*0
1888 (good) 75*1
1 3 P The w ords
c r o p fo r the y e a r
T
February.
*
i
Follow
March.
April.
aj
o
s
■3
■'I
80(
77v
82 5
83*P
H0-<
89*1
30*5
29*2
28*5
32V
30*4
30*0
02*5
55*0
59*4
593
01*3
00*0
S
aj
s
44*9
45*1
49"
53*0
3-1*4
44*1
75V
70’<
70*(
75*t
70 0
75*5
21*2
2a i
24*5
19*4
27*7
20*0
48*4
45*7
45*7
18*9
47*3
48*1
74*31 33*3
099 200
79*8 27*3
8,0*9 35*1
70*$ 20*0
71*9 21*0
50*3
49*8
55*5
5S*i
44*4
50*3
79V
75*2
72*4
82*1
74 r,
70*6
21*9
242
29*7
23*2
39*1
24-7
64*1 1 88*0 41V 07*3
51-9 82*1 37*2 02*4
50*7 83*0 33*0 03*1
51*0 80-0 42'fl 03*9
51*9 84*9 39*8 04*0
62*9 88*7 39*1 04*7
98*8
41*9
•16*3
54*8
45*3
47-2
74*0
70-0
78*a
78*5
73*0
08 8
32*5
29*0
24*2
33*7
18*5
20*0
51*0
50*9
55*2
57*1
43**
51*0
81*4.
79*2
75*2
79*8
77*8
77*0
24*0
23*5
30*0
21*8
32*»
28**
55*5
52*4
61*3
53*0
53*1
53*3
87*3
83*2
85*3
84*7
85*2
80*9
41 0
38*7
32*7
43*3
40*0
45*1
07*7
03*3
01*4
04*7
03*4
00*0
50*7
54*8
53*8
01*0
55*0
59**
8i*3
80*0
84*5
815
78*8
78*3
40*8
37*5
33*5
45*0
32*3
33*0
03*8
00*4!
00*9
01*71
52*0|
59*9 i
83*0
83*o
82*3
85*8
81v
83*4
30*0
31*0
41*0
30*0
38*4
35*2
01*7
09*7
03*3
01*8
58*8
01*0
88*5
80*3
80*5
87*H
87*0
87*0
50*0
44*H
30*8
50*2
45*2
50*8
71*5
09*0
07*4
70-3
06*8
70*9
41*5
19*3 42*2
45*9
29*5 57*3
27*3 47*3
19*4 49*7
70*4
72*5
78*9
79*0
74*0
70*0
32*0
29*o
25*0
29 8
22*1
2o*5
51*1
53*2
50*1
59*0
40*9!
54*1!
80v.
79*0
77*2
79*5
76*0
77*0
22*7
21*5
30*3
21*0
34*0
35*3
54*8
53*1
54*4
54*0
54*0
55*7
80*7
S4*9
85*5
83*3
80\*
83'9
45*3
39 2
3o*0
40*0
42*0
41*3
08*2
00*0
04*9
00*1
04*5
07*5
20*0
20*4
20*5
28*0
28*3
23*0
48*9
45*0
48*2
00**
51*6
50*3
78*2
758
80*7
810
78*6
73*8
33 2
30*8
27*1
29*0
28*8
33*0
50*4
57*4.
58*5
02*2
51*5
50*1
82*2
80-2
79*5
83-4
80*5
81*0
*9*4
25*5
32*3
24*2
38-1
30*5
58*7
55*0
57*1
59*0
58*.
00*8
87*8
870
87*0
85*3
80V
80*8
46*0
46*9
33*7
47*0
49*7
49*8
70*1
67*2
049
08*4
08*8
733
12*9
15*3
25*3
25*5
20*0
15*6
43*o
39*4
40>
54*0
40-2
43 4
75*1
75*9
80*8
70*4
74-0
704
20*4
32*4
24*5
28*9
19*5
271
51*0
54*9
54*7
50*2
443
50*8
84*3 21*0
80*9 19*7
79*3 20*0
78*4 20*2
70*8 ,33*3
77*2 30*H
54*b
51*7
52*8
53*1
52*2
52*8
89*7
84*0
87*0
84'2
81-4
83*0
40*o
42 7
29*9
44*0,
42*0
42*7
08*4
05*1
64*0
63*9
03*5
65*4
10 o
10 0
25*0
19-3
19*2
5*4
40*0
35*8
41*8
49*1
41*4
37*2
60*0
07*2
78*0
78*7
76*0
72*3
15*5
29*.
20*0
17*0
170
19*5
42*5
48*9
40-1
493
41*6
45*3
CO
o
J une
79*5
80*.72*0
82*0
80*<
10*0
15*7
22*8
10*0
29v
25*4
50*1
47*1
47*4
50*2
51*3
48*8
91*0
87*0
83*7
83*7
83*7
80*0
30*5
37*0
29*3
39*7
44*0
44*7
04*8
01*7
03*2
02*0
08*4
65*3
3*0 33*3
338
40*8
499
40*4
37*7
09*5
00*5
73*5
70*5
70*2
07*5
13*0
2o*8
21*0
24*2
13*0
14*0
43*4
44-9
40*9
50*5
39-2
42*8 j
77*8
79*3
70*U
75*8
77*3
77*5
13*0
12*7
*2-8
10-2
28-8
21V
48*3
45*4
40*9
47*3
60*0
47*4 i
86V),
83-0
85*5
81*8
83*3
84*3
94*3
33*7
31*8
37*8
35*8
39*7
02*5
00*4
61*7
58*3
58*5
61*0
i
£
4
h i
24*7
22*3
21*2
73
24*3 490 77*0 25*0
15*3 44*0 77*4 34*0
20 3 48*0 81*3 24*3
25*5 54*4 78*0 19*3
24*0 45*5 75*8 22*7
90 40 8 75*0 81*1
“ f u l l ” au d “ g o o d ,”
w a s fu ll o r g o o d .
in g
are
the
2
£
51*0 83*9 29*3 58-8 91*5 43*1 70*9
57*8 83*3 23*4 55* l 89*4 43*0 08*5
54*8 81*3 27*0 55*41 85*0 37*1 00*5
55*9 8b*. 24*1 58*21 83*0 47*7 07*0
47*5 79 1 35 0 5b*3! 8-V8 48*0 00*5
61-0 80*0 28*9 52*7 85*7 45*8 67*5
a b o v e m ean tu a t he a g g re g a te
Gr o s s R
e c e ip t s
Cotton
of
at
N ew Y o r k , B oston , P h ila d elp h ia a n d B a lt im o r e f o r t h e pai t
w eek, a n d s in c e S ep tem b er 1, 1892._____________________________
tieceiptt
from —
N. Orleans.
Texan........
ia v a n n a li.
M obile......
Bo sto n .
New Y o r k .
This
Since
w eek . S e p t.l.
This
week.
Since
Sept. 1.
P h il a d e l p h ia
Ba l t i m o r e ,
This
Since
This
Since
w eek . S ept. 1. w eek. Sept. 1.
3,2;
70
1,785
359,001
265,602
243,285
058
161
3
9,036
60,425
15,878
29,881
1.0T0
174
40,190
24,497
2,000
1,801
790
23,130
311.084
111.588
18,182
7,831 1,054,401
0,420
550.007
2,878
60,70(1
3,369
213,347
Last year . . 21.010 1,463,884
5,327
006,500
3,539
101,733
7.478
337,082
3o. Carol’*.
STo.Carol’ a.
V ir g in ia ...
Northn pts
Tenn., &o..
F o re ig n ....
This year
C o m p a r a t iv e P o r t
......
1,817
86,727
.........
R
e c e ip t s a n d
........
5,929
231
8,083
13,584
53,111
2,627
B
1,400
80,438
...........
a il s
1,340
71,133
623
01,770
Crop M ovem ent
—A co m p a ris o n o f th e p o r t m o v e m e n t b y w eek s is n o t
a ccu ra te as th e w eek s in d iffe re n t y ea rs d o n ot en d o n th e
sam e day o f the m on th . W e h av e co n se q u e n tly a d d ed to o u r
oth er sta n d in g tables a d a ily a n d m o n th ly sta tem en t, th a t
the reader m a y con sta n tly h av e b e fo r e h im th e d a ta fo r
seeing th e e x a c t rela tive m o v em en t fo r th e yea rs n a m e d ,
The m on th ly m ov em en ts since S eptem ber 1, 1892, a n d in
p reviou s years, h av e been as fo llo w s :
M onthly I
R eceipts.
Y ea r B e g in n in g S ep tem b er 1
1 89 2
1 89 1 .
1890.
1889.
1888.
1887.
3 3 2 ,0 1 7
5 6 1 ,71<
7 3 2 ,2 3 6
Sept’ m b ’ r 4.05,355
676,823
6 5 4 ,7 7 6
O c to b e r. 1 ,1 3 5,47 3 1 ,5 3 2,42 6 1,3 6 5,23 1 1,325,351 1 ,1 3 3 ,0 1 6 1 ,2 1 3 ,4 0 4
N o v e m b ’ r 1 ,1 2 5,85 5 1 ,3 7 6 ,9 0 m 1,1 4 5,41 6 1,257,52< 1 ,1 5 9 ,0 6 3 1 ,1 7 8 ,4 3 6
D e o e m b ’ r 9 3 0 ,02 9 1,2 1 5,14 4 1 ,195,063 1,116,921 1 ,1 0 3 ,7 1 3
9 6 3 ,5 8 4
7 1 8 ,0 9 1
J a n u a ry
4 3 6 ,4 5 7
7 0 0 ,9 0 9
6 6 5 ,1 6 2
8 5 9 ,9 7 9
5 2 7 ,5 7 0
4 1 0 ,0 4 4
4 6 1 ,2 0 1
F ebruary
2 9 1 ,6 1 8
5 3 5 ,2 7 :
3 4 1 ,2 7 4
6 5 8 ,8 5 5
3 3 0 ,5 1 0
2 4 1 ,7 5 0
2 13 ,69 7
3 7 6 ,4 0 0
2 2 5 ,0 4 2
M a rch . .
427,701
A p r il...
2 (2 ,1 5 *
2 5 1 ,5 2
2 98 ,13 2
1 6 6 ,57 1
1 2 8 ,7 2 1
1 1 0 ,05 3
129,905
5 7 ,3 6 2
M a y _____
1 9 2 ,8 9
1 9 6 ,01 3
66.31S
1 3 1 ,4 9 8
T o t a l... 4 ,3 9 8 ,6 3 0 6,9 4 6,13 6 6 ,7 5 5 ,0 5 0 5,7 5 3,58 1 5 ,4 7 0 ,5 0 1 5 ,3 6 4 ,3 0 5
P e ro ’ t a g e o f to t. p ort
re c e ip ts M ay 3 1.
96 60
97-9 2
9575
9 7 05
98-61
THE CHRONICLE.
T h is sta te m e n t s h o w s th a t up to M a r 31 th e receip ts
at th e ports this y e a r w ere 2,017,503 bales less th a n in
1891-92 and 1,856,420 hales less th an at th e sa m e tim e in 1890-91.
B y a d d in g to the totals to A p r il 30 th e d a ily re ce ip ts sin ce
th a t tim e w e shall be able to rea ch an e x a c t co m p a ris o n o f
th e m o v e m e n t f o r th e d ifferen t years.
1892-93.
1891-92.
1890-91.
1889-90.
1888-89.
1887-88.
T o . A p 3 0 4 ,7 6 8,72 5 6 ,7 5 3,24 1 6 ,5 5 9,03 2 5 ,6 9 6 ,2 1 9 5 ,4 0 4 ,1 8 2 5 ,2 3 2 ,8 0 7
2 ,5 4 4
5 .2 5 5
2 ,3 5 0
9 ,2 7 9
4 ,7 4 2
8.
M ay 1 ... .
4 ,2 9 3
6,501
2 ,4 0 0
3 ,4 2 6
4 ,0 8 9
8 ,3 2 8
“
2 ...
5 ,771
7 ,337
3 ,1 3 4
7 ,0 1 8
s.
«
3 ....
3 ,6 4 0
2 ,119
7 ,7 3 5
4,711
8 ,0 3 9
s.
5 ,3 4 0
“
4 ....
4 ,8 5 0
7 ,0 4 0
4 ,1 4 5
S.
4 ,0 0 0
11,171
“
5 ....
14,3 68
4 ,2 2 8
1,988
5 ,1 6 3
.8 .
6,061
6 ....
S.
6,011
5 ,7 9 6
6 ,3 0 2
6 ,4 6 9
1 ,5 6 6
<« 7 . . . .
2 ,6 6 4
4 ,2 2 5
4 ,2 8 9
S.
9 ,0 3 7
8 ,4 3 7
«
8 ....
6 ,724
1 ,3 5 0
1 ,4 9 6
7 ,9 7 7
6 ,4 8 0
6 ,1 5 3
*• 9 . . . .
s.
4 ,6 6 3
5 ,1 3 2
2 ,4 6 0
1 0 ,3 5 0
577
“ 1 0 ....
4 ,3 0 0
s.
6 ,0 3 2
2 ,3 3 9
4 ,2 1 8
6,811
«• 1 1 . . .
S.
6 316
2 ,1 9 6
3 ,8 5 1
1 0 ,3 9 0
1 3 ,9 4 6
“ 1 2 ...
1 ,1 6 9
s.
3 ,4 1 5
5 ,6 3 8
5 ,0 7 1
11,181
“ 1 3 ....
272
3 ,7 7 2
5 ,4 9 4
4 ,2 4 2
5 ,131
B.
“ 1 4 ....
5 ,5 7 2
1,701
1 ,8 9 2
s.
2 4 ,1 5 9
7,001
“ 1 5 ....
1,121
4 ,4 4 1
7,653
3 ,1 4 5
900
“ 1 6 ....
7 ,3 8 1
2 ,7 4 0
1 ,3 9 4
8.
4,363
4 ,0 6 6
3 ,4 1 5
•« 1 7 . . . .
6 ,4 8 2
s.
1 ,1 1 4
4 ,8 9 9
2 ,5 8 3
5 ,8 7 1
“ 1 8 ....
8 ,3 4 6
6 ,5 5 6
«« 1 9 . . . .
4 ,6 9 9
4 ,2 4 8
3 ,2 6 7
s.
2 ,2 5 2
« 2 0 ....
3 ,5 0 6
1 5 ,4 9 3
5 ,5 1 8
8.
1 ,8 7 0
1 ,1 0 4
“ 2 1 ....
s.
3 ,? 9 3
4 ,3 5 2
4 ,0 5 5
1 ,9 5 4
« 2 2 ....
4 ,1 0 8
S.
1 1 ,2 4 2
3 ,9 7 8
401
4 ,8 2 7
« 2 3 ....
5,806
9 07
5 ,7 1 5
5 ,3 4 6
1 ,1 0 9
2 ,4 6 9
« 2 4 ....
4 ,5 0 0
3 ,1 0 5
1 ,0 3 1
3 ,511
s.
3 ,2 9 5
3 ,9 3 7
•• 2 5 . . . .
2 ,9 7 4
s.
445
5 ,7 4 2
4 ,9 9 1
5 ,8 6 0
** 2 6 . . . .
8 ,8 9 7
5 ,7 2 3
2 ,9 9 1
2 ,8 2 4
s.
3 ,0 2 2
1 2 ,3 8 7
“ 2 7 ....
1 ,4 1 6
4 ,0 1 5
1 ,1 0 0
8.
8.
“ 2 8 ....
5 ,3 6 8
3 ,7 7 4
991
2 ,6 3 3
4 ,1 3 7
4 ,8 7 1
s.
“ 2 9 ....
1 ,4 1 3
1 1 ,9 0 9
463
4 ,5 1 0
6 ,0 1 9
•« 3 0 . . . .
5,981
1 ,9 0 4
5 ,6 5 2
3 ,6 6 6
1 ,067
5 ,1 9 3
12,0 45
“ 3 1 ....
1 ,0 4 0
S.
3 ,5 7 3
1,982
T o .M ’y 31 4 ,898,630 6 ,9 4 6,13 6 6 ,7 5 5 ,0 5 0 5 ,7 5 3,58 1 5 ,470,501 5 ,3 6 4,30 5
J h ie 1 ___
3 ,0 4 0
3,411
s.
5 ,1 3 0
3 .0 0 6
998
“
2 ....
3 ,4 3 6
3,887
5 ,6 1 3
588
8.
2 ,5 6 9
T o t a l . . 4 ,9 0 5,10 6 6,9 5 3,43 4 6 ,7 6 5,79 3 5 ,7 5 4,12 9 5 ,4 7 1,49 9 5 ,3 6 9,88 0
P e r c e n t a g e o l to ta l
p o r t r e c ’ p ts Ju n e 2 .
97-15
96-7 5
97-92
98-62
95 85
T h is sta tem en t s h o w s th a t th e re ce ip ts s in c e S ep t. 1 u p to
to -n ig h t are n o w 2,018,328 bales less th an th e y w e re to th e
sam e day o f th e m o n th in 1892 a n d 1,860,887 bales less th a n
th e y w ere to th e sam e d a y o f th e m o n th in 1891. W e add to
th e table th e p e rce n ta g e s o f to ta l p o r t r e c e ip ts w h ic h had
b e e n r e ce iv e d to Jun e 2 in ea ch o f th e y ea rs n a m ed .
T h e E x p o r t s o f (J o t t o n fr o m N ew Y o r k th is w e e k sh ow a
decrease co m p a re d w ith la st w e e k , th e total re a ch in g 13,206
bales, a g a in st 14,137 bales last w e e k .
B e lo w w e g iv e ou r
usual table, s h o w in g th e e x p o rts o f c o t to n fr o m N ew Y o r k ,
a n d th e d ir e ctio n , f o r ea ch o f th e la st fo u r w e e k s ; also th e
to ta l e x p o rts a n d d ir e ctio n sin ce Sept. 1, 1892, a n d in th e last
O jlu m n th e to ta l f o r the sam e p e r io d o f th e p r e v io u s y ea r.
EXPORTSOF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1, 1892.
•
E x p o rted to —
W eek E n d in g —
M ay
12.
M ay
19.
Total
sin ce
Sept. 1.
Same
p e r io d
p rev io u s
y ea r.
M ay
26.
June
2.
L iv e r p o o l .................... 12,777 1 1,0 57
O th e r B ritis h p o r t s ..
650 1 ,8 3 0
7,082
1 ,4 0 0
2 ,5 7 3
1 ,2 9 1
3 33 ,55 9
70,5 28
378 ,80 1
8 8 ,3 9 0
T o t . t o G t . B b i t ’ n . 13,427 12,887
8 ,4 8 2
3 ,8 6 1
4 0 4 ,0 8 7
4 6 7 ,19 1
2 6 ,1 0 0
3 4 ,0 4 7
6 50
H a v r e .............................
O th e r F re n ch p o r t s ..
543
485
1 ,8 6 4
753
753
T o t a l F r e n c h ___
543
485
.........
1 ,8 6 4
2 6 ,1 0 0
3 1 ,6 9 7
B r e m e n .......................
H a m b u r g .....................
O th e r p o r t s .................
1 ,4 5 4
1,494
642
2 ,1 1 6
900
1,451
551
550
1 ,1 8 1
1,401
1,989
525
3 7 ,4 8 7
1 9 ,1 0 9
6 2 ,1 5 3
38,6 83
4 9 .9 0 1
64,2 61
T o t . to N o. E urope
3 ,5 9 0
4 ,1 6 7
2 ,2 8 2
3 ,9 1 5
1 18,749
1 5 2 ,84 3
S p a in , I t a ly , & o .........
A l l o t h e r .......................
1,422
1 ,8 0 1 1 1 ,509
4 ,6 7 4
3 5 ,1 5 6
1 ,4 6 2
34,3 69
1 ,429
T o t a l S p a i n , & c ..
1 ,4 2 2
1,801
l ,5 0 9 i 4 ,6 7 4
3 6,6 18
35,7 98
G r a n d T o t a l ___ 18.982 1 9 ,6 4 0 1 4 ,1 3 7 13,2 06
5 8 5 ,5 5 4
6 9 0 ,53 1
exp orts o f co tto n fr o m th e U nited
States the past w eek , as per la te s t m a il returns, h av e reached
62,440 bales. So fa r as the Southern ports are con cern ed , these
are the sam e exp orts reported b y telegraph and published in
th e C h r o n i c l e last F riday.
W ith rega rd to N ew Y o r k w e
in clu d e the m anifests o f all vessels cleared up to Thursday.
t S h ip p in g N
e w s . — T he
bates.
KEW T a u f t c l T?4 fp lTerl’ 001, P6r 8team ers N eva d a , 1 ,0 2 7 .
T o N ew ca stle, p e r steam er In d ia . i ' i b i "”
! .................
T o L on d on , p e r steam er M assachu setts, ioo.....................
U oiuU )% 00r 8team ers La T°a r a ln e , 5 0 3 ._ ..N o r iu ik 7 a d d i-
2 ,5 7 3
1.19L
1 00
753
[VOL. LVT.
Total bales.
T o B rem en , p e r steam ers A lle r. 6 0 0 ___T ra v e , 8 0 1 .................
1 ,4 0 1
T o H a m b u rg , p e r stea m ers A m a lfi. 6 9 1 ___ R haetia. 1 ,2 9 5 ..
1,989
T o R o tte rd a m , p er stea m er L o ch L o m o n d , 2 0 0 ........................
200
T o A n tw e rp , p e r stea m er R liy n la n d , 1 2 5 .....................................
125
T o 8 te ttm , per stea m er V e n e tla , 2 0 0 .........................................
200
T o B a rce lo n a , p e r stea m er P a w n ee, 1 .0 0 0 .......................... .......
1 ,0 0 0
T o G en oa, p e r stea m ers K ro n p rin z F rie d rich W ilh elm , 713
___ L e tim b ro , 9 0 5 ____W erra, 1 ,350...............................................
2 ,9 6 3
T o N a ples, p e r stea m er L e tim b ro , 3 0 0 . .......................................
3<'0
T o L e g h o rn , p er stea m er L e tim b ro , 4 0 6 .......................................
406
Ne w O r l e a n s —T o L iv e r p o o l, p e r steam ers C aliforn ia . 3 ,4 9 3
. . . F lo rid ia n , 3 ,2 5 6 ___ G o v e rn o r, 3 ,5 9 0 ___ Serra, 3 ,3 0 0 . .. 13,6 39
T o H a v re , p er stea m er V io la , 4 ,6 5 0 ................................................
4 ,6 5 0
8 a v a n n a h —To B a rce lo n a , p e r b ark L o re n zo . 8 22 .......................
822
No r f o l k —T o L iv e r p o o l, p e r stea m er B retw a ld a , 3 ,2 8 5 ...............
3 ,2 8 5
T o H a m b u rg, p e r stea m er G len m a vis, 5 0 0 ..................................
500
T o R otterd a m , p e r stea m er In d ian P rin ce . 6 0 0 ..........................
6 00
Ne w p o r t N e w s —T o L iv e r p o o l, p e r stea m er B re tw a ld a , 1 ,2 8 5 .. 1 ,2 8 5
Bo sto n —T o L iv e rp o o l, o er steam ers A n g lo m a n . 5 8 2 ...L a n c a s
trian , 2 ,d 2 3
P h ila d elp h ia n , 3 ,5 1 0
S a g a m ore (addi
tio n a l), 4 8 5 S cyth ia , 1 ,3 3 6 ................................................
7 ,9 3 6
B a l t im o r e —T o B rem en, p e r stea m ers D a rm sta d t, 1 ,3 5 5 . ...
G e ra , 3 ,3 3 3 . .......................................................................................... 4 ,6 8 3
T o H a m b u rg, p er stea m er E ssen. 8 0 0 .......................
800
Ph i l a d e l p h i a —To L iv e rp o o l, p e r steam er L o rd G ou gh , 1 ,0 2 9 ..
1 ,0 2 9
_
938
T o ta l............................................................................................................. 5 2 .4 4 0
T h e p a r t ic u la r s o f th e s e s h ip m e n ts , a r r a n g e d i n o u r u s u a l
fo r m , a re a s fo llo w s :
NewR dam ,
castle
B rem en
A n t- B a rce- N a vies
L iv er- & L on<&H am - w erp & Iona & & Legp ool. don . H avre, burg. S tellin. Genoa, h orn .
New Y o r k . 2 ,5 7 3 1 ,291
7 5 3 3 ,3 9 0
525 3 ,9 6 8
706
N. O rleans. 1 3 .6 J 9 ...... 4 ,6 5 0 ......................................................
S avannah............................................................................
8 2 2 ..........
N o r fo lk ..,. 3 ,2 8 5 ..........................
500
6 0 0 ..........................
N’ p ’ t N ew s 1 ,2 3 5 ....................................................... .........................
B o s t o n ----7 ,9 3 6
B a ltim o re .............................................. 5 ,1 8 8 .......................................
Philadel’ a.. 1 ,0 2 9 .....................................................................................
T o t a l . . . . 2 9 ,7 4 7
1 ,2 9 1
5 ,4 3 3
9 ,3 7 8
1 ,1 2 5
4 ,7 9 0
706
Total.
13.2 06
18,2 39
822
4 .3 8 5
1 .2 15
7 ,9 3 6
5 ,4 8 8
1 ,0 2 9
5 2 ,4 4 0
B elow w e a dd the clearan ces this w eek o f vessels c a rry ’ ngr
cotton fr o m U n ited States ports, b rin g in g ou r data d o w n to
the latest dates:
Ne w O r l e a n s —T o L iv e r p o o l—M a y 2 7 —S team ers B u en a ven tu ra , 2 ,5 0 0 ;
T ravell.-r, 4 ,4 0 0 . .. M a y 3 1 —Steam er E le c tr ic ia n , 4 ,2 0 0 .
T o H a m b u r g - M a y 2 9 - 8 t e a m e r G rassb rook . 400.
Sa v a n n a h —T o B a rce lo n a - M a y 2 7 — u rig C lianito. 5 2 5 .
Bo sto n —To L iv e r p o o l—M a y 2 5 —S tea m er C ep halon ia, 3 8 0 ... .M a y 2 9 S tea m er K a n sa s. 2 ,2 8 7.
Ba l t im o r e - To H a v re - M a y 2 6 —S team er A lm a , 1,9 46.
To H a m b u rg J u n e 2 S team er P o ly n e sia , 100.
P h i l a d e l p h i a - T o A n tw e rp -M a y 23 -S te a m e r P e n n sy lv a n ia , 9 3 .
C otton freigh ts th e past w eek h av e b een as fo llo w s :
S alur.
M on .
T u et.
L iv e rp o o l, ste a m .d
B«4
B64
Do
la te r, .d.
....
....
H a v re , re g . lin e .d .
28*
28*
D o o u ts id e str.d. 1 0 3 1 5 * 1 0® 1 5*
B rem en , s te a m , .d.
*8
D o v . H am b.cf.
....
....
H a m b u rg, stea m d .
hi
%
Do
........... d.
....
Ajns’ d a m , steam .c.
18*
IS*
Do
la t e r ., c.
....
....
R eval, s te a m ___ d. l l 64® S16 l l 64®818
Do
.................. d.
....
....
B’ lon a , d ir e c t ...:? .
“ es
H64
G en oa, s t e a m ...d.
B32
B32
T rieste, v. L o n d ’ n d.
1164
U64
6<>4'@3a2
A n tw e rp , s te a m , d.
3S2
J
|
l
:
:
W ednes. T h urs.
F ri.
B64
B64
B64
....
....
....
28*
28*
28
103>15* 1 0 ® 1 5 * 1 0 ® 1 5 *
is
ia
....
....
....
....
....
....
18*
18*
18*
....
....
....
•a
r3
a
©
a
;
;
i
|
i
:
U 64®316 u 64 ® 3ia U64 ® S1«
....
....
....
1164
532
n 6i
5«4®S82
U 64
532
He4
U64
BS2
1164
B64® 3S,
* C en ts p e r 1 0 0 lb s
L i v e r p o o l .— B y ca b le fr o m L iv e ro o o l w e h av e the fo llo w in g
statem ent o f th e w eek ’s sales, stocks, & c., a t th a t p o rt:
M a y 12.
Sales o f t h e w e e k ............. bales.
O f w h ic h e x p o r te r s t o o k . . . .
O f w h ic h sp e c u la to r s t o o k ..
Total s to ck —E s tim a te d ______
O f w h ic h A m e r ic a n —E stim ’ d
to ta l im p o r t o f th e w e e k .........
O f w h ic h A m e r ic a n .................
O f w h ic h A m e r io a n ..............
M a y 19.
M a y 26.
J u n e 2.
4 6.0 00
4 6,0 00
2 9 .0 0 0
5 3 ,0 0 0
1,300
2 ,0 0 0
1,000
3 ,0 0 0
300
1 ,0 0 0
1,000
4 2 .0 0 0
4 1 ,0 0 0
2 6 ,0 0 0
4 3 .0 0 0
3 .000
6 .0 0 0
8 ,0 0 0
5 ,0 0 0
5 3 .0 0 0
3 4 ,0 0 0
6 2 .0 0 0
4 8 ,0 0 0
1 .5 9 1 .0 0 0 1 ,5 8 2 ,0 0 0 1 ,5 7 4,00 0 1 ,5 7 3 ,0 0 0
1 .3 4 1 .0 0 0 1 ,3 3 2 ,0 0 0 1 ,3 2 1,00 0 1 ,3 1 4 ,0 0 0
7 2 .0 0 0
4 9 ,0 0 0
3 4 ,0 0 0
5 0 .0 0 0
4 4 .0 0 0
3 7 ,0 0 0
2 5 ,0 0 0
3 5 ,0 0 0
7 7 .0 0 0
8 0 ,0 0 0
8 7 ,0 0 0
7 9 ,0 0 0
7 0 ,0 0 0
6 5 .0 0 0
7 5 ,0 0 0
7 0 ,0 0 0
T he ton e o f th e L iv erp ool m arket fo r spots and futures e a ch
day o f the w eek en din g J u n e 2, and the d a ily clo s in g p rice s
o f spot cotton , have b een as fo llo w s :
Spot.
M arket, )
1:45 r . M.J
Saturday M onday.
Small
Inquiry.
M id .U p l’ d s.
4ifi
S a le s ...........
S p ec. & e x p .
4 ,0 0 0
500
T uesday.
Barely
supported Steadier.
4i8
7 ,0 0 0
800
4i8
8 ,0 0 0
590
F u tu res.
at Steady at Steady at
M a rk et, 1 Steady
2-64 de
partially 2-64 de
1 :4 5 p . M .j
cline.
1-64 adv.
cline.
M arket, f
4 P. M. $
Steady.
8teady.
Firm.
Wednes. Thursday. F rid a y ,
Fully
Good
Fully
demand. raaint’ ned maint’ned
431S
1 2 ,0 0 0
1,000
Steady.
Qniet.
4 316
1 4 ,0 0 0
1 ,0 0 0
43is
1 2 ,0 0 0
2 ,0 0 0
Steady at 8teady at
1-64 ad
2-64 ad
vance.
vance.
Quiet and
steady.
Very
steady.
T he open in g, highest, low est and closin g prices o f fu tu res
a t L iv erp ool fo r each d a y are given b elow . P rices are on
th e basis o f U plands, L o w M iddlin g clause, unless oth erw ise
sta te d :
£y
7he p rices a re g iv en in p en ce a n d ()4(ns
4 63-64<t. a n d 5 01 m eans 5 l-6 4 d .
Sat.® M a y 2 7 .
T h u s : 4 6 3 m ea n s
a.
4 01
4 01
101
4 03
4 05
4 07
4 09
4 10
4 12
4 13
d.
4 02
4 02
4 02
4 04
4 06
4 07
4 09
4 11
4 12
4 14
d.
4 01
4 01
4 01
4 03
4 05
4 07
4 09
4 10
4 12
4 13
d.
4 02
4 02
4 02
4 04
4 00
4 07
4 09
4 11
4 12
4 14
W e d ., M a y 3 1 .
d.
4 00
4 00
4 00
4 02
4 01
4 00
4 08
4 10
4 11
413
d.
4 03
4 03
4 03
4 05
4 07
4 09
4 10
112
4 14
4 10
d.
4 00
4 00
4 03
4 02
4 04
4 06
4 08
4 10
4 11
4 13
Oats w ere depressed d u rin g the fo re part o f the w eek u n der
free selling b y the W est, due to a liberal m ov em en t o f the
cro p and gen era lly fav ora b le cro p advices ; but later a de
m an d fr o m “ shorts ” to c o v e r con tra cts caused som e r e co v
ery fr o m b ottom prices.
T he m arket to-d a y w as s ligh tly
easier in sy m p a th y w ith the w eakness o f w heat and corn .
T u e s ., M a y 3 0 .
M o n ., M a y 2 9 .
Open High Low. (Jlot. Open High Low. Oloa. Open High Low. Clot
May.............
May-June..
Juno-July..
July-A ug...
A ug.-Sept,.
8ept.-O ct...
Oct.-Nov....
N ov.-D ee...
Dec.-Jan....
Jan.-Feb__
939
THE CHRONICLE.
J une 3, 1898.]
d.
4 03
4 03
4 03
4 05
4 07
4 09
4 10
4 12
4 14
4 10
d.
4 04
4 04
4 04
4 03
4 05
4 07
4 08
410
414
4 19
T h u n ., J u n e 1.
d.
4 07
4 07
4 07
4 08
4 10
4 12
4 14
4 10
4 17
4 19
d.
4 01
4 04
4 04
4 03
1 05
4 07
4 08
4 10
iu
4 19
d.
4 07
4 07
4 07
4 08
110
4 12
4 14
4 10
4 17
4 19
F r i., J u n e 2
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
J u n e d e liv e r y .................... o.
J u ly d e l iv e r y ................ . . o .
A u g u st d e l iv e r y ........ . . . o .
S eptem b er d e liv e ry ........o.
.Won.
36
35%
33%
31%
Sat.
37
36
33>4
3 l 7e
Wed.
36%
35%
33%
32%
Tues.
,
l® 53
W'd
Thun.
30**
350s
34>4
32*4
Fri.
36%
35%
31
32%
R ye has been in slow d em a n d and w eak.
FLOOR.
F in e ...................¥ bbl. $ 1 8 0 ® $ 2 10 P a te n t, w in te r______ $ 5 7 5 ® $ 4 1 0
Superfine___ _____. . . . 1 9 5 ® 2 4 5 C ity m ills e x tra s ........ 3 8 0 ® 3 9 0
Extra, N o. 2 ............... 2 1 5 a 2 60 R y e flo o r ,s u p e r fin e .. 2 9 0 ® 3 25
Extra, N o. 1 ..............
2 4 .09 2 9 ) B u ck w h e a t flo u r ...................® . . . .
O lears............................ 2 6 0 ® 3 25 C o m m eal—
W estern ,
___ 2 6 0 ® 2 70
S tra ig h ts ..................... 3 3 0 ® 4 1 0
B ra n d y w in e.............
2 75
Patent, sp rin g............. 4 1 5 ® 4 5 0
[W heat flou r In sack s sells a t p rice s b e lo w th o s e f o r ba rre ls.l
GRAIN.
Open High Low. Oloa. Open High Low. Oloa. Open High Low. Olot
J une...........
June-July..
July-A ng...
Aug.-Sept .
Bept.-Oct...
O ct.-N ov....
N ov.-D ee...
Dec.-Jan. ..
Jan.-F eb..,.
Feb.-Mch. .
a.
4 00
4 00
4 08
4 10
4 12
4 14
4 10
4 17
419
d.
4 07
4 07
4 09
4 11
4 12
4 14
4 10
4 18
4 20
d.
4 05
4 05
4 07
4 09
411
4 12
4 14
4 16
4 IS
d.
4 05
4 05
4 07
4 09
4 11
413
4 15
4 10
4 18
d.
4 06
4 03
408
4 10
4 12
413
4 15
4 17
4 19
4 21
d.
4 08
4 08
4 09
4 11
4 13
4 15
4 10
4 18
4 20
4 22
d.
4 06
4 00
4 08
4 10
4 12
4 13
4 15
4 17
4 19
4 21
d.
d.
4 08 4 10
4 08 4 10
4 09 4 12
4 1L 4 14
4 13 4 10
4 15 4 18
4 10 4 19
4 18 4 21
4 20 4 23
4 23 1 4 25
d.
4 11
411
413
4 15
4 10
418
4 20
4 21
4 23
4 25
d.
4 10
4 10
4 12
4 14
4 10
4 18
419
4 21
4 23
4 25
d
4 11
4 11
4 13
4 15
4 Id
4 18
4 20
4 21
4 23
4 25
BREAD ST UF F S.
F r i d a y , J u n e 2, 1 8 9 3 .
T h e m ark et fo r w h ea t flo u r d u rin g the past w eek has been
v e r y dull. B u yers have been qu ite in differen t, and, o w in g to
a fu rth er b rea k in w heat, valu es h av e been low ered , e x ce p t
f o r lo w grades, w h ich are in lig h t su p ply and steady. R y e
flou r is q u iet and u n ch a n ged . T he ch o ice grades o f corn
m ea l have m et w ith a fa ir in q u iry at steady prices, but the
p oo re r stock is d u ll and easy. T o-d a y th e m arket fo r w h ea t
flo u r was d u ll and w ea k . C orn m eal w as q u iet and u n
ch a n ged .
T h e specu lative dealin gs in th e w h ea t m arket h a v e been
fa ir ly a ctive at d e clin in g prices, d u e to fu rth er u n lo a d in g b y
lo n g h olders, p ro m p te d b y fa v ora b le cro p prospects both at
th e W e s t a n d abroad, a h e a v y m ov em en t o f the cro p W est and
th e strin g e n cy o f th e m o n e y m arket. In the spot m arket
shippers have been m od era te buyers at d eclin in g prices.
T h eir purchases yesterd a y in clu d ed No. 2 red w in ter
at }£ c, u n der J u ly f. o. b. afloat, N o. 1 N orth ern at
J u ly p rice delivered a nd N o. 2 hard w in ter to a rrive at 7 5 % @
7 0 % c. f- o. b. afloat. T o-d a y the specu lative m arket w a s
a ctiv e at d eclin in g prices, due t i reports o f finan cial difficulties
a t the W est, w eak er advices fro m abroad and .con tin ued
fa v o ra b le cro p prospects. The spot m arket w as fairly active.
Sales in clu d ed N o. 2 h ard w in ter at J^c. u n der f. o. b. afloat,
N o. 2 red w in ter at
u n der f. o. b. afloat and N o. 1
N orthern at J£c. u nder J u ly prices delivered. The exp ort
sales fo r the w e e k w ere a b ou t 750,000 bushels.
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
J u n e d e liv e r y ................... o.
J u ly d e liv e r y .................... o.
A u g u st d e l iv e r y ............... e.
B eptem ber d e liv e r y ..........o.
O cto b e r d e liv e r y ............. o.
D e c e m b e r d e liv e r y ......... o.
Sat.
M on.
76%
75
77%
76%
79%
7S
81%
79%
......................
85%
83%
Tues.
S’
2
o
£§
;
Wed. Thurs.
75%
74%
7 7b ) 75*4
78%
77%
80% 79
81%
___
84% 83%
F ri.
73%
75%
76%
78%
79%
82%
Wheat—
Spring, ner b u s h ...
R ed w in te r N o 2 ..
R e d w i n t e r . ........
W h it e ........................
O ats—M i x e d . .# hu .
W h ite........................
No. 2 m ix e d ...........
N o. 2 w h ite .............
0.
65
74
60
62
37
40
38
ii
0.
Tt> 79
9 75*2
9
77
9 77
9 39
9 48
9 39
9 42
C orn, per b u sh .—
W eat’n m i x e d ........
S team er N o 2 .........
W estern y e U o w . . .
W estern w h it e -----R ye—
W estern, per b u sh .
State an d J e r s e y ..
B arley—N o.2W est’ n.
State 2 -ro w e d ........
S tate 6 -row ed ........
0.
45 9
47*4 9
47 9
49 9
63
65
..
9
9
9
9
9
O.
50
48%
51
53
65
66
T he m ov em en t o f breadstuffs to m arket is in d ica ted in th e
statem ent b elow , prepared by us fr o m the figures o f th e N ew
Y o r k P rod u ce E xch a n g e.
W e first g iv e the receipts a t
W estern lake and riv er ports, arranged so as to present the
c im parative m ov em en t fo r th e w eek en d in g M ay 27, 1893,
and since A u g u st 1, for each o f the last three years:
Riceipts at—
Flour.
Wheat.
Oats.
Corn.
Barley.
Rye.
Bbls.imba Bush.O0 lbs Bush.bO lbs Bush. 33 lbs Bush.48 lbs Bu.56 lbs.
113,790
432.190 1,034.195 1,923,070
35,108
C hicago......
77,974
19,20o
304.000
27,950
202,000
31,800
37.500
Milwaukee...
032,590
150,911
Duluth........
1,231,110
Minneapolis.
143.000
93,700
3,0)0
Toledo..........
1,289
3,200
43.860
3,912
42,230
46,035
3,375
13.550
59,160
5,30 3
Cleveland....
38.727
11,250
551,30 >
210,100
5t. Louis......
18,905
75,308
7,700
3,900
125,500
517,000
Peoria..........
10,200
1,100
1,200
30,139
Kansas City.
152,145
18,977
Tot.wk, ’93.
152,021
299,751 3,038.260 2,678.305 2,979,912
82.008
Same wk,’92.
280,118 1,938,813 1,283,281 1,031,189
213,195
119,535
Same wk,’91.
155,113 1,477.970 2,942,431 1,867,023
87,192
51,333
Since Aug. 1.
1892-93...... 10,807,318 219.051883 L01,880,887 95,627,401 28,073,681 6,883,340
1891-92...... 10,899,335 199,914,249 103,700,810 83,311,417 30,320.831 11.047,331
1890-91......
9,037,134' 99,510,783 81,339,874 80,0.35 909 28,030.907 4,071,139
The receipts o f flou r and grain at the seaboard porta fo r t h e
week ended M ay 27, 1893, fo llo w :
F lo u r,
Wheat,
A t—
bbls.
bush.
N ew Y o r k ...1 4 3 ,9 7 0 .,4 7 3 ,0 3 1
B o sto n ........... 7 5 ,5 5 9
1 37 ,26 5
M o n tr e a l___ 1 0 ,»7 4
5 5 ,5 8 3
Philadelphia. 4 0 ,9 2 5
1 9 3 ,3 7 4
B altim ore___ 76,611
2 8 9 ,1 2 7
R ich m on d . . .
4 ,4 9 5
6 .0 4 3
New O rleans. 11,949
1 7 5 ,5 0 0
B a rley ,
Oats,
bash.
bush.
4 4 3 ,1 0 0
3 ,3 7 5
500
1 2 0 ,8 3 5
3 ,2 5 4
7 1,735
7 5 ,3 1 1
1,600
1 1 ,0 0 0
1,240
1 2 ,1 8 3
C orn,
bush.
5 6 8 ,4 0 0
7 1 ,4 6 0
.........
1 5 9 ,0 2 3
8 3 ,6 7 6
8 ,4 2 0
1 2 8 ,6 3 6
T o t. w e e k ..3 6 3 ,5 8 3 2 ,3 2 9 ,2 2 8 1 ,0 1 9,61 5
Week 1892 .3 5 9 ,3 1 1 3 ,2 9 8 ,7 0 1 1,471,3 33
7 3 3 ,4 5 1
9 3 3 ,9 1 3
R y e,
bush.
3 2 ,9 6 0
2 ,7 5 3
2 4 ,3 3 8
9 ,2 2 9
2 1 ,8 6 7
B elow are the rail shipm ents o f flou r and
Western lake and riv er ports fo r fo u r y ea rs:
6 0,0 51
2 9,2 36
gra in fr o m
F lour................... b b ls .
1 89 3 ,
Week
M a y 27.
2 1 7 ,8 0 4
1892.
Week
M a y 23.
2 6 5 ,8 5 7
1891.
Week
M a y 30.
119,.127
1890.
Week
M a y 31,
1 1 6 ,6 1 4
W h e a t............... b u s k .
C o m ...............................
8 8 3 ,8 1 0
6 3 5 ,1 4 7
3 4 7 ,9 0 6
2 9 4 ,0 4 4
5 3 5 ,3 5 2
3 8 2 ,1 6 2
196 ,85 9
1 ,2 1 6 ,4 1 0
1 ,4 7 5 ,8 1 0
1 ,0 2 1 ,0 3 7
6 3 5 .8 9 5
1 ,4 1 9 ,9 8 7
In d ia n co rn futures h av e attracted a fa ir degree o f a tten Oats...............................
B arley...........................
9 4 ,9 41
108 ,55 1
22,2 01
59,5 83
3 2 ,1 9 3
4 0 ,8 1 6
2 1 ,1 8 0
1 0 0 ,9 4 1
tio n , and prices h ave d eclin ed a trifle u nder free selling by R y e ................................
operators gen era lly, p rom pted b y a m aterial increase in the
T o t a l....................... 3 ,1 2 6 ,9 1 5
1 ,8 1 5 ,3 3 4
1 ,5 9 6 ,7 9 0
2 ,9 9 3 ,7 8 0
cro p m o v e m e n t W e s t a nd fav ora b le prospects fo r the c o m
The exp orts fr o m the several seaboard ports fo r th e w eek
in g crop. T he spot m a rk et has ru led com p a ra tiv ely steady, as
ending M ay 27, 1893, are sh ow n in the ann exed statem ent:
supplies con tin u e lim ited . The sales yesterday in clu d ed No.
Exports
2 m ixe d at 48J^c. in e leva tor; y e llo w at 49J^c. in store and
Wheat.
C om .
Oats.
F lour.
R ye.
P eas.
from —
N o. 2 w hite at 52J£c. delivered. The m arket to-d a y w as
Bush.
B ush .
Bush.
Bbls.
Bush.
B u sh .
w ea k er u nder free selling b y the W est, o w in g to a con tin u ed .few Y o r k 9 3 8 ,6 2 0 193,112 124 .16 5 3 9 1 ,02 3
7 6 ,7 7 6
14,315
o sto n ...
2 70 ,58 5
1 0 .9 5 0
31,3 64
h e a v y m ov em en t o f the crop . The spot m arket was quiet and B
M ontreal
114 ,10 3
160,519
2 ,1 5 4
2 0 5 ,4 7 4
5 2 ,3 3 6
4 2 .5 0 0
14,428
easier; sales in clu d e d N o. 2 m ix ed at 4 7 % @ 4 8 c. in elevator P h ila d e l. 1 2 2 ,0 0 0
Baltiin’ re
9 1 .0 7 3
2 09 ,61 8
19,8 25
a n d 48J£@ 49c. delivered.
N. O rl’ ns.
3 7 7 ,6 6 0
109,261
1,643
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
J u n e d e liv e r y .................
J u ly d e liv e r y .................
▲ugn s t d e liv e r y ____ ..
S ep tem b er d e l iv e r y .... .0.
Sal.
43*4
48*4
4 8%
48%
M on.
47*2
47%
4 8%
48%
Tues.
S a
ra-o
Wed.
48%
48%
4 8%
49%
Thun.
4 8 i«
47%
43%
48%
F ri.
47%
47%
48%
48^>
2L N ew s.
N orfolk ..
P ortland.
68,1 65
6 ,5 8 3
26,591
Tot. w eek 1 ,9 3 2,20 6 7 3 2 ,5 4 3
3’ m e tim e
1 8 9 2 .. . 2 ,5 2 6 ,2 6 0 1 ,261,907
2 2 0 ,1 7 0
5 9 6 ,49 7
7 6 ,7 7 6
6 6 ,6 5 1
2 4 0 ,02 8
2 9 '',5 6 8
1 13 ,21 3
1 4 4 ,9 6 0
THE CHRONICLE.
940
The visible supply o f grain , com prisin g the stocks in g ra n a ry
at the principal points o f a ccu m u la tion at lake and seaboard
ports, M ay 27, 1893:
Wheat,
C orn,
bush.
bush.
I n store at—
3 3 3 ,0 0 0
N ew Y o rk ........... , 4.9 V3.0 00
5 6 ,0 0 0
4 6 2 ,0 0 0
D o a flo a t ___ ,
2 1 ,0 0 0
A lb a n y ............... .
B u f f a lo ................ 4 ,6 2 4 ,0 0 0
4 9 3 ,0 0 0
C h ica g o ...............,2 0 ,4 5 7,00 0 1 ,2 8 0 .0 0 0
9 ,0 0 0
M ilw a u k ee......... . 1 .3 9 7,00 0
,1 1 ,7 4 3,00 0
T o l e d o ............... .. 2 ,5 1 6 ,0 0 0
1 5 0 ,0 0 0
13,0 00
D e tr o it............... . 1 ,3 2 5 ,0 0 0
.............
O s w e g o .............
St. L o u is ........... .. 3 ,8 2 1 ,0 0 0
2 9 9 ,0 0 0
Do
a floa t. .
1 3 5 ,0 0 0
2 ,0 0 0
3 ,0 0 0
.
1 9 3 ,0 0 0
1 6 3 ,0 0 0
T o r o n to ............. .
2 1 1 ,0 0 0
M o n tr e a l........... „
5 6 8 ,0 0 0
14,0 00
P h ila d e lp h ia ... .
9 7 0 ,0 0 0
1 16 ,00 0
P e o r i a ............... .
1 0 7 ,0 0 0
3 3 ,0 0 0
I n d ia n a p o lis ...
118 ,00 0
2 0 ,0 0 0
1 8 4 ,0 0 0
K a n sa s C it y ... . 1 ,0 5 7 ,0 0 0
B a lt im o r e ........ .
7 6 3 ,0 0 0
2 4 3 ,0 0 0
M in n e a p o lis ... .1 0 ,1 0 8 ,0 0 0
1 ,0 0 0
On M ississippi.
3 ,0 0 0
7 1 ,0 0 0
O n L a k e s .......... . 2 ,3 4 3 .0 0 0 1 ,3 8 7 ,0 0 0
On ca n a l d r i v e r 2 ,2 0 8 ,0 0 0
8 05 ,00 0
M ay
M ay
M ay
M ay
M ay
2 7 , 1 8 9 3 ...7 0 ,1 5 7 .0 0 0
5 ,6 2 8 .0 0 0
2 0 ,1 8 9 3 ...7 1 ,5 2 6 .0 0 0
6 ,0 4 6 ,0 0 0
2 8 ,1 8 9 2 ...2 9 ,4 4 3 ,0 0 0
3 ,6 9 6 ,0 0 0
3 0, 1 8 9 1 ...1 7 ,4 9 2 ,7 2 3
5 ,1 5 3 ,7 3 8
3 1 ,1 8 9 0 ..2 2 ,4 5 1 ,9 3 1 1 2,6 35 ,2 7 1
Oats,
bush.
4 0 1 ,0 0 0
2 4 ,-0 0
3 6 .0 0 0
7 4 3 ,0 0 0
4 ,0 0 0
2 3 ,0 0 0
3 5 ,0 0 0
R ye,
bush.
3 3 ,0 0 0
5 ,0 0 0
4 .0 0 0
5 9 .0 0 0
1 4 0 ,00 0
5 8 .0 0 0
6 .0 0 0
2 3 ,0 0 0
1 ,0 0 0
1 2 9 ,0 0 0
.............
28,0 00
2 9 ,0 0 0
3 6 7 ,0 0 0
1 1 4 ,00 0
1 5 4 ,00 0
3 1 ,0 0 0
5 6 ,0 0 0
1 0 7 ,0 0 0
2 0 ,0 0 0
3 1,0 00
9 5 0 ,0 0 0
6 0 ,0 0 0
3 ,3 4 2 .0 0 0
3 ,1 8 4 ,0 0 0
3 ,1 7 5 ,0 0 0
4 ,2 4 3 ,5 6 6
6 ,0 5 0 ,7 3 2
B a r le y ,
bush.
5 ,0 0 0
36.0 00
5 .0 0 0
4 7 .0 0 0
4 .0 0 0
5 ,0 0 0
5 0 .0 0 0
5 5 .0 0 0
1 ,0 0 0
4 1 ,0 0 0
2 ,0 0 0
2 0 .0 0 0
3 5 .0 0 0
9 6 .0 0 0
1 1 ,0 0 0
4,000
1 3 .0 0 0
2 0 .0 0 0
5 6 0 .0 0 0 3 9 3 ,0 0 0
5 7 6 ,0 0 0 5 0 9 ,0 0 0
6 1 1 ,0 0 0 3 7 1 ,0 0 0
3 3 5 ,2 7 1 1 7 9 ,7 6 7
7 1 2 ,7 0 3 6 0 5 ,4 3 9
N e w Y o r k , F rid a y , P . M „ J u n e 2 ,1 8 9 3 .
The im p ro v e m e n t in the gen eral ton e o f th e m a rk et noted
in previous rep ort has been m ain tain ed d u rin g the w eek, but
the bu lk o f the business don e in staple g o o d s has been at som e
con cession in price on th e part o f agents. This is the result
o f the n o w w e ll-recogn ized p o licy o f clea n in g u p at the end
o f each season as far as possible the u n sold stock s on hand.
S om e im portan t transactions h a v e been con clu d ed on this
basis, b ut ju st w hat concessions h ave been m ade is n ot k n ow n
to ou tside parties, se crecy being m ore easily preserved as m ost
o f th e m w ere ca rried th rou gh b y salesm en on the road.
P ro sp e ctin g fo r fa ll en gagem en ts has again been a feature
alth ough free developm ents in this d re ctio n h ave been
ch eck ed b y a lo w tem perature, w h ich , in spite o f the
fa c t that it has n o d irect bearing on such distant prospects as
fa ll trade, exercises a restrictiv e in flu en ce on buyers’ opera
tions ; the in terven tion o f D ecora tion D a y h olida y also helped
to retard trade. B u yers w h o have su rv eyed th e m arket fo r
staple good s have fo u n d it in better shape as regards stocks
and existing con tracts than th ey exp ected , som e o f the w eak
est spots h a v in g been rem oved b y the operations a lready re
ferred to. I n the jo b b in g trade a fa irly g o o d business h a 9 trans
pired in cotton w ash fab rics fo r su m m er w ea r, b ut in oth er
departm ents a quiet trade is reported. Taken a ll rou n d d ry
go o d s sh ow up w ell in com p a rison w ith oth er branches o f
business, fe w failures b ein g record ed an y w h ere, a n d n one o f
m a jo r im portan ce, w h ile collection s are again regu la r en ou gh
to indicate fa irly g o o d gen era l finan cial con dition s.
co tto n good ?
fr o m this p ort fo r th e w eek en d in g M ay 30 w ere 1,375
packages, valu ed at §77,338, their destination bein g to the
points specified in the table b e lo w :
New Y obk
to
G o o d s .— T he exp orts o f
G re a t B rita in ...........................
O th er E u ro p e a n ......................
C h in a ..........................................
I n d ia ............................................
A ra b ia .........................................
A fr ic a ..........................................
W e st In d ie s ...............................
M e x ic o .......................................
C en tra l A m e r ic a ......................
S outh A m e r ic a ........................
O th er co u n trie s ........................
T o t a l ..............................
C hina, v ia V a n co u v e r..
T o ta l.
1 89 3 .
1892.
Week. S ince J a n . 1.
Week. S ince Jan . 3
M a t 30.
21
16
122
1 ,7 9 3
5 27
13,4 00
1 ,616
4 ,7 4 3
5 ,0 4 2
8 ,638
859
2 ,1 6 2
19,6 89
1 ,1 4 0
10
206
40
27
1,836
26
2 ,3 5 7
924
47,1 75
2 ,359
4 ,9 4 8
4 ,1 9 9
7 ,251
1,769
2 ,6 4 0
20,108
1,418
1,275
59,6 09
10,9 24
2 ,4 0 8
179
95,1 48
6 ,979
1,275
70,5 33
2 ,5 8 7
1 0 2 ,1 2 7
345
25
21
630
95
29
58
116
....
___
m ediate requirem ents. C olored cotton s, such as denim s,
tickin gs, colored du cks, cotton ad es, & c., have p r ov ed in m o d
erate request. A som ew h a t better business is rep orted fo r e x
port, ch iefly w ith Brazil, and m ore in qu iries h av e co m e to
ligh t on b eh a lf o f Eastern m arkets. P epperell R b row n
sheetings are adva n ced J^c. per y a rd and kid-finish ed ca m
brics t^c. per yard, the latter recov erin g the red u ction m ad e
last w eek. The dem and fo r k id finish ed ca m b rics and lo w grad e con v erted good s show s som e im provem en t. P rin ted
ca licoes con tin u e slow w ith job b ers in seasonable lines, w hile
th e fa ll prints h av e n ot y e t been fa irly pu t in to the m a rk et b y
agents. G in gham s sh ow n o signs o f im p rov em en t f o r the
co m in g season and are still in active in cu rren t lines. P rin t
cloths are qu oted firm at 8 7-16c. f o r 84 squares spot, w ith
3 % c. bid and refused fo r spots a nd fo rw a rd deliveries.
1893.
Stock o f P r in t C loths—
Mlay 27.
H eld b y P r o v id e n c e m a n u fa ctu re r s. 7 3 ,0 0 0
F a n R iv e r m a n u fa c tu r e r s ...................
8 ,0 0 0
T o t a l s to c k (p ie ce s) .......................
5 ,0 0 0
5 1 ,0 0 0
2,000
........
3 2 .0 0 0
7 9 ,0 0 0
THE DRY GOODS TRADE.
D o m e s t ic C o t t o n
[V ol . LVI.
* F rom N ew E n gla n d m ill p o in ts d irect.
T he value o f the N ew Y o r k exp orts sin ce J a n u a ry 1 ha e
been §3,489,931 in 1893 against §4,915,990 in 1893.
F o r b row n sheetings there has been an im p rov ed dem a n d o f
a gen eral character co v e rin g a fu ll ra n ge o f grades, and the
transactions reported sh ow that the early buyers are preparin g
fo r their%fu ll requirem ents. Business in b lea ch ed shirtings is
quiet pen din g the c x p ected revision o f price s in g ov ern in g
m akes and buyers h av e n ot don e m ore than c o v e r im
1 89 2 .
M a y 2 8.
N one.
6 ,0 0 0
8 1 ,0 0 0
1 89 1 .
M ay 29.
4 3 8 ,0 0 0
3 8 8 ,0 0 0
6 ,0 0 0
8 2 6 ,0 0 0
cu rren t dem and fo r all descrip
tions o f m en ’ s-w ear w oolen s and w orsted s con tin ues on a
lim ited scale a n d ageDts are ch iefly occu p ied w ith a ttending
to forw a rd in g s on existin g con tra cts or in comfcatis g claim s
to ca n cel or re je ct m ade by b u y eis. The latter feature has
been unpleasantly prom in en t du rin g th e past ten days, and
has caused som e irregularity in prices on the pa rt o f those
agen ts w h o have suffered m ost fr o m it. In su ch business as
has been d on e there is a m ore n oticea b le ten d en cy to fa v o r
w orsted m akes, w h ile o f oth er descriptions ch eviots best h old
their grou n d . E fforts to fo r c e business fo r the sprin g o f 1894
are g ro w in g m o r e n oticea b le, b u t buyers still sh ow a disposi
tion to h old o ff, a nd it is n o t probable that m u ch progress w ill
be m ade f o r a fe w w eeks y e t w ith the n e w ligh t-w eigh ts.
D oeskin jea n s and lo w -g ra d e w oolen and m ix e d good s are
slow . F or dress good s the dem a n d is quiet, a n d buyers are
disin clin ed to increase their prelim in ary orders to a n y ex te n t
ju st yet. T he carp et trade is du ll on the eve o f a n e w season
and pen din g a large a u ction sale to be h eld d u rin g the co m in g
week.
F o r e i g n D r y G o o d s . — In seasonable good s a m oderate
m iscellaneous business has been don e at irreg u la r prices, b u y
ers evid en tly p ie cin g ou t their assortm ents o n a con serva tive
basis. F o r fa ll trade a fair n u m ber o f orders h av e been re
co rd e d in leadin g staples in silk, w oolen and linen varieties.
B u yers ju st returned fr o m E urope report firm m arkets there
in all the m a jo r branches o f the d ry good s trade, and despite
w h a t m igh t have been exp ected fro m the gen era lly reported
u nsatisfactory con d ition o f things . abroad, E n glish, F ren ch
and G erm an m an u factu rers cla im u nusually g o o d results in
all b ut cotton goodB fo r the h alf-yea r n o w d ra w in g to a close.
D
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Im p o r ta tio n s a n d W a r e h o u s e W ith d r a w a ls o f D ry G o o d s .
The im portation s and w arehouse w ith draw als o f d ry g o o d s
at this p ort fo r th e w eek en din g Ju n e 1, a nd since Jan. 1 ,
1893, and fo r the corresp on d in g periods o f last yea r are as
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THE CHRONICLE.
J une 3, 1893.]
S
tate
and
term s
C o m m e r c ia l
and
tains 4 0 to 6 4 pages
C
of
it y
B
e i *a h t m
^
t.
C H R O S IC L E
con
s u b s c r ip t io n
F in a n c ia l
.
blished ev ery w eek.
S t a t e a n d C it y S u p p l e m e n t o f C H R O K I C L E con
tains 1 8 0 pages pu blished several tim es each year.
I n v e s t o r s ’ S u p p l e m e n t o f C H R O N I C L E (a C y clo
c& dia o f R ailroad Securities) con tain s 1 6 0 pages pu blished
ev e ry oth er m on th .
___________
Subscription to C H R O N IC L E fo r on e year § 1 0 . 0 0 ,
w h ich in clu d es e v e ry issue o f b oth S u p p l e m e n t s .
91]
refu n d in g bonds. T h e securities are to be dated June 2, 1893,
bear interest at the rate o f
per cen t per annum , payable J.
& D ., and m ature June 2, 1913. B oth interest and principal
w ill be p ayable at the office o f the C ity C om ptroller in Buffalo
or at the G d la t in N ational B ank in N ew Y o rk C ity, as the
purchaser m a y elect. T he fo llo w in g table show s the prices
w h ich have been receiv ed b y the c ity fo r sim ilar securities
placed this y e a r and last:
D ate o f
Jau . 2 4,
D eo. 2 7,
N ov. 2 9,
S ept. 2 0,
S ept. 2 0 ,
J u n e 2 0,
Sale.
R ale.
1 8 9 3 ................................ 3*a
1 8 9 2 ................................ 314
1 8 9 2 ................................ 312
1 8 9 2 ................................ 3*9
1 8 9 2 ................................. 3*2
1 8 9 2 . . . . - - - - ................. 3*s
A m ou n t.
$ 7 5 ,0 0 0
9 5 ,0 0 0
1 0 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
1 0 0 ,0 0 0
Time.
2 0 ye a rs.
2 0 yea rs.
2 0 ye a rs.
2 0 yea rs.
2 0 yea rs.
2 0 yea rs.
A ward'.
104-589
103 01
102-541
103-77
102 0 5 3
104-58
The b on d ed d eb t o f the c it y o f B u ffa lo on the first d a y o f
May, 1893, less bonds held by the c ity in sinkin g fun ds, was
$11,331,435. T he assessed valu ation o f the taxable real estate
o f the city, b y the rolls o f the yea r 1893, is $208,665,630.
C u ster C ou n ty S c h o o l D is tr ic t N o. 1, M o n t.— B ids w ill be
received b y G eorge W . A llerton , C ity C lerk, until J u n e 16,
for the purchase o f $10,000 o f 6 per cen t bonds. Interest on the
bonds w ill be payable sem i-ann ually and th e loau w ill becom e
due in 1903 w ith an op tion o f ca ll a fter 1898. B ids w ere to
be receiv ed fo r this loan u n til M ay 13, b ut the C ity C lerk in
form s us th at the sale o f sam e w as postponed. F o r f u r t h e r
T ta e p u r p o s e o f th is S t a te a n d C it y D e p a r t m e n t
is to fu rn ish ou r subscribers w ith a w eek ly a dd ition to and
con tin u ation o f the S t a t e a n d C i t y S u p p l e m e n t . In oth er
w ord s, w ith th e n e w facts w e shall g iv e , th e am plification s
and correction s w e shall publish, and th e m u n icip a l la w s w e
Bhall analyze in the “ State a nd C ity D epartm en t,” w e e x p e c t
p a r t i c u l a r s s ee a d v e r tis e m e n t in th is D e p a r tm e n t .
to b rin g d o w n w eek ly the in form a tion con ta in ed in th e
C h erok ee B o n d s . —N o bids w ere receiv ed fo r the $6,640,000
S t a t e a n d C i t y S u p p l e m e n t to as near th e cu rren t date as
o f bonds w h ich w ere advertised fo r sale on M ay 31st by the
possible. H en ce if e v e ry Subscriber w ill n ote in his S u p p l e
C h erokee In dia n N ation. T he securities are to be gu aranteed
m e n t on th e pa ge designated at th e h ead o f ea ch item a
p rin cip a l and interest b y the U n ited States and payable at the
reference to the page w h ere the item in the C h r o n i c l e can U n ited States Treasury. T h ey w ill bear interest at the rate o f
4
per cen t per annum , and w ill fa ll due in fou r equal ann ual
be fo u n d , he w ill at all tim es possess a com p lete a nd fresh
instalm ents, b egin n in g M arch 4, 1896.
cyclopaedia o f in form a tion respectin g M u nicipal Debts.
C u ya h oga C ou n ty , O h io.— Sealed proposals w ill be received
by A. E. A k in s, C ou n ty A u ditor, u ntil Jun e 24, fo r the purchase
Interest on
S t. L ou is, M o .—T h e annual report o f the C ity A u d ito r o f o f $225,000 o f 5 per cen t cen tral a rm ory bon d s
the loan w ill be p ayable sem i-annually and both principal and
St. L ou is fo r the y e a r en d in g A p r il 10, 1893, has been filed interest w ill be payable at the office o f the C ou n ty Treasurer.
this w eek w ith the M ayor. T he rep ort show s that th e tota l The bonds w ill be dated J u ly 1, 1893, and w ill m ature $15,000
receipts o f the city fo r the year, in clu d in g a balan ce o f $3,708,. yea rly fro m J u ly 1, 1904 to J u ly 1, 1918, w ith an op tion o f call
738, w ere $11,813,191. A ga in st this sum are the exp en d itu res after 10 years. N o bids fo r less than par a n d a ccru ed interest
to the day o f d elivery w ill be accep ted and the bonds w ill be
fo r th e year, a m ou n tin g , w ith ou tstan din g w arrants, to delivered $75,000 J u ly 1, 1893; $75,000 A u gu st 1, 1893, and
$9,163,986, and lea vin g a bala n ce on h an d A p ril 10, 1893, o f $75,000 O ctober 1, 1893, or at an earlier date at the op tion o f
$3,649,305. D u rin g the past yea r $1,361,000 o f 6 per cen t the bidder.
The indebtedness o f th e co u n ty is $160,000. V a lu e o f ta x
bonds w ere pa id o ff and $1,430,000 o f sam e class o f bonds
able p roperty fo r th e yea r 1892 $140,000,000; actu al value
w ill m ature this year. T h e tota l b on d ed deb t o f th e c ity is $525,000,000.
sh ow n to be at present $31,376,031.
G rea t F a lls , S c h o o l D is t r ic t N o. 1, C ascade C ou n ty,
T h e A u stiu D am B o n d s .—A press dispatch fr o m A u stin , M on t — J. B. Terhune, Clerk o f the B oa rd o f E d u ca tion o f
T e x ., dated M ay 25, c m tains the in form a tion th at the Su prem e this district, w rites us that the $30,000 o f b on d s w h ich w ere
offered fo r sale o n M ay 22 w ere aw arded to W . J. H ayes &
C ou rt has ren dered a u nanim ou s opin ion in fa v o r o f the
Son o f Cleveland at par and a prem iu m o f $2,570. F ou r bids
v a lid ity o f the “ A u stin D a m B on d s.” These bon d s, to the in all w ere receiv ed , D e V a n & R u tled ge, o f L os Angeles,
a m ou n t o f $1,400,000, w ere a uthorized b y p op u la r v o te on offerin g par less 2 per c e n t ; N. W . H arris & C o., o f C h icago,
M ay 5, 1890, to be issued b y the c ity fo r the purpose o f c o n offerin g par w ith con d ition a l d eliv ery ; H . B. Palm er, o f
H elena, offerin g par and a prem iu m o f $1,300, w ith c o n
stru ctin g a da m across the C olorad o R iver, b u ild in g a c o m
ditional d elivery, and W . J . H ayes & Son, o f C leveland, offer
plete system o f w a ter-w ork s and establishing and m a in ta in in g in g par and a prem iu m o f $2,570 a nd interest, in a ccord a n ce
a n e w e lectric-ligh t plant. A cco r d in g to ou r latest rep orts w ith the term s o f the advertisem ent.
The securities bear 6 per cen t interest and m ature J u ly 1,
fr o m th e c ity bonds o f this issue to the a m ou n t o f $900,000
1913, w ith an op tion o f ca ll after J u ly 1, 1903. Interest and
h ave already been sold.
principal are payable in gold .
B o n d P r o p o s a l s a n d N e g o t i a t i o n s . — W e h ave re
ceived th rou gh th e w e e k th e fo llo w in g n otices o f b on d s
recen tly negotiated and bonds offered and to be offe re d for
sale.
A th en a , O re g o n .— W e are in form ed b y on e o f the c i t y o ffi
cials that the $13,000 o f w ater bonds o f this c it y w h ich w e r e
offered fo r sale on M ay 20 have been aw a rd ed to Messrs. D e
V a n & R u tledge, o f L os Angeles, C alifornia, at par less 3 p er
cen t.
T he bon d s bear 6 per cen t interest, payable s e m i
annually at the Chase N ational B ank, N ew Y o rk , and m a tu re
J u ly 1, 1913. B oth principal a n d interest w ill be p a ya b le in
g o ld coin .
A u b n rn , 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 44.
The C om m on C ou n cil o f the c ity o f A u bu rn w ill sell at p u b
lic a u ction on June 27 w ater bonds o f the city to the a m o u n t
o f $313,000. Interest on the loan w d l be payable s em i-a n n u a lly
at 3 per cen t per annum , and the bonds w ill becom e due $2,000
yea rly, co m m e n cin g 30 years fr o m th e date o f issue. T he
bonds w ill n ot be sold at less than par.
L in w o o d , O h io.— W . J. Park, C lerk o f the B oa rd o f E du
cation o f L in w ood, w ill receive proposals u ntil J u n e 17 for
the purchase o f $15,000 o f sch ool Bonds o f this villa ge. The
bonds w ill be dated Jun e 17, 1893, w ill bear 6 per cen t in ter
est, payable sem i-ann ually, and w ill m ature $1,000 yea rly
from Ju n e 17, 1894, to Ju n e 17, 1903. Interest aud principal
w ill be payable at the C om m ercia l B ank o f C in cin n a ti.
L o n g Is la n d C ity, 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 4 9 .)—F . W . B leckw en n , C ity Treasurer, w rites the
C h r o n i c l e that the $50,000 o f
per cen t reven ue bonds
offered fo r sale on M ay 23 have been aw arded to G eorge M.
H ahn, o f N ew Y o r k , at 103-37, his being the h ighest o f six
bids. T he bonds are dated A p ril 1, 1893, and w ill m ature
A pril 1, 1903, w ith interest payable sem i-annually. The C ity
Treasurer also states that a sm all portion o f the $90,000 o f 5
per cen t fu n d ed debt bonds, to be issued fo r the purpose o f
redem ption, and offered fo r sale on M ay 23, w ere sold at
109 28, and that a bid o f 111 fo r another portion w as rejected .
B u cy ru s, O h io .— (S t a t e a n d C i t y S u p p l e m e n t , pa ge 78.)—
City C lerk W . A . B lick e w rites the C h r o n i c l e th at street im
provem en t bonds in this city to the a m ou n t o f $29,500 w ere
sold on M ay 9 to Messrs. D eitz, D ennison & P rior o f C levela n d ,
Ohio.
L o w e ll, Mass.— (S t a t e a n d C i t y S u p p l e m e n t , page 26.)—
C ity Treasurer A u stin K . C h ad w ick w ill receive proposals
until Jun e 6 fo r the purchase o f w ater loan refu n d in g b o n is
o f the c it y o f L ow ell to the a m ou n t o f $100,000. The bonds
w ill bear 4 per cen t interest and w ill mature N ovem b er 1,
1920. They are part o f a total issue o f $1,000,000 a uthorized
b y resolution o f the C ity C ou ncil, passed and a pp roved O cto
ber 30, 1890, and b y the G eneral C ou rt o f M assachusetts,
C hapter 172, A cts o f 1890.
B u ffa lo , N . Y . — (S t a t e a n d C i t y S u p p l e m e n t , p a ge 45.)—
W e have received notice fr o m C om p troller Joseph E . G avin
that on J u n e 26 h ew ill receive proposals fo r $75,000 o f city
M a lden , M ass.— (S t a t e a n d C i t y S u p p l e m e n t , page 27.) —
H en ry A . W ild er, C ity A u d itor, w rites the C h r o n i c l e that
sew erage bonds o f this c ity to the a m ou n t o f $100,000 recen tly
THE CHRONICLE
942
r------ vote d w ill be on th e m arket som e tim e this m on th . T he bon d s
w ill be dated M ay 2, 1893, and w ill ru n 30 years, w ith in ter
est at the rate o f 4 per cen t per ann um , p a ya b le sem i-an n u ally
at the National B ank o f R edem ption , Boston. The C ity A u d it
o r also states that 4 per cen t w ater bonds to the a m ou n t o f
$60,000, dated J u ly 2. 1893, a n d ru n n in g 20 years, w ill soon
be o ffe ie d fo r sale. Interest on this loa n w ill also b e payable
sem i-anLually at the above-m en tion ed bank.
M illv ille , N J — L . H . H ogate, C ity R ecord er, w ill receive
u ntil Ju ly 1 bids fo r the purchase o f $20,000 o f city bonds. The
b on d s w ill be dated A u g u st 1, 1893, and w ill m ature at the
rate o f $ l,0 c0 yea rly from A u g u st 1, 1894, to A u gu st 1, 1913.
Interest w ill be payable a nn ually at the office o f the C ity
Treasurer, and all bids shall designate the rate o f interest,
w h ic h m u st n o t e x ceed 5 per cen t per annum .
N e w ca stle C ou n ty, D e l.— (S t a t e a n d C i t y S u p p l e m e n t ,
page 72.)— W e noted in the C h r o n i c l e o f last w eek that
$60,000 o f bonds o f this co u n ty h ad been sold to Messrs.
H e a ld & C o ., o f W ilm in g ton , D el., a t 101'4.
C ou n ty
Treasurer John T. D ickey writes us this w eek th at the total
a m ou n t o f bonds sold w as $160,000, $80,000 o f w h ich w ere
aw a rd ed to Messrs. H eald & C o ., o f W ilm in gtoD , and $80,000
to Messrs. E lliott John son <fe C o . o f W ilm in g ton , both firm s
p a y in g 101 4
S ix ty thousand dollars o f the loan w ere issued
to fu n d the floating debt and $100,000 to con stru ct a bridge
at W a sh in gton Street. The bonds bear 5 per cen t interest, and
are redeem able in g o ld $10,000 in 1904 and $10,000 y ea rly
thereafter u ntil all are paid.
N ew n an , G a.— W e h ave receiv ed n otice fr o m M a yor I. N.
O rr that bids w ill be receiv ed at his office u n til J u n e 6 fo r the
purchase o f $50,000 o f 6 per cen t cou p on bonds. In terest on
the loan w ill be payable sem i ann ually on Janu ary 1 and J u ly
1 o f each year, and principal and interest w ill be payable in
g o ld at the N ational B ank o f the R epu b lic, N ew Y o r k , aDd at
the C iiy Treasurer's office. The bonds w ill be dated J u ly 1,
1893, and w ill n a tu r e $5,000 ea ch year, on J a n u a ry 1, 1903
and 1908, $5,000 every oth er yea r fro m J a n u a ry 1, 1911, to
1917, $6,000 each yea r on Janu ary 1, 1919 and 1921, and $8,000
on January 1, 1923.
N E W LOANS.
NEW
$ 3 8 0 ,0 0 0
City of San Diego, Cal., NT. W .
FUNDING BONDS.
O f f i c e o f t h e Ci t y T r e a s u r e r
\
OF THE C ITY OF SAN DIEGO, CAL. J
I, T . J . D ow ell, City Treasurer o f th e C ity o f San
Diego, h ereb y give n otice th a t 1 will receive sealed
proposals at th e office o f th e C ity Treasurer o f th e
City o f j-an Diego, C alifornia, up to and including
W e d n e sd a y , th e 6th day o f July, 1893, at 4 o ’clock
P . M . o f said day, fo r th e purchase or ex ch an ge o f
$380,000 o f tw en ty-year fun d ing bonds o f said city,
b ein g bonds N os. 1 to 760, bO'h inclusive, and each
fo r th e suui o f $5uo, d ated January 1,1 893 . and b ear
ing im erest at t h e rate o f fo u r and o n e -h a lf per cen t
per an nu m , payable an nu ally a t th e office o f th e City
Treasurer.
A ll proposals fo r th e purchase or ex ch an ge o f said
bond s will be opened at th e office o f said City T re a s
urer on th e 6th day o f July, 1893, a t 4:30 o ’clock P. M .
o f said day, and n o i roposal will be accepted, eith er
fo r th e purchase or ex ch an ge o f said bonds, fo r a
less sum than th e fa c e valu e o f said bonds an d th e
accrued in terest i h ereon. B ids can be su b m itted fo r
any am ou n t o f said bonds to suit purchaser. A n y
proposal and bid fo r th e purchase or ex ch an ge o f
said bonds accepted by m e as such T reasu rer shall
p© su bject to th e approval o f th e C om m on » ouncil o f
th e City o f San Diego, w ho reserve th e righ t to reject
any and all proposals an d bids fo r th e purchase or
ex ch an ge o f said bonds.
„
T . J. D O W E L L ,
..
Ccity Treasurer o f t h e City o f San D ie go, Cal.
M A Y 6, 1893.
Notice of Sale of School Bonds
T h e T ru ste es o l School D istrict N o . 1. o f Custe
C ou n ty i-tate o f M on tan a, hereby give n otice tha
“ je.y y u l receive b .d s until 12 o'clock n oon o f th
16th day o f J un e, 1803, fo r th e sale o f T e n T h ousan
Dollars
o f th e bonds o f th e said school dij
t r ic t ; said bids to be addressed to th e undersigne
a t M iles City, M on tan a, and to he endorsed “ Prc
posals fo r B o n d s.”
T h e suid bonds to be o f th
den om in ation o f F iv e H u ndred D ollars (*500) eac
and to bear in te re st at th e rai e o f six (6) per cen t pe
an nu m , payable sem i-an niially. T h e bonds to me
ture in I9i>3. T h e Board o f T ru stees o f said schoc
district reserve the right to pay any or all o f sai
bonds at any lim e a fte r five (5) years and previous t
ten (10) years from th e date o f issue. T h e Boar
reserves th e right to reject any and all bids.
“ rde.r Of the Board o f T ru ste es o f School D i;
W lct N o . 1 , o f C uster C ounty, M on tan a.
GKO. W . A L L B R T O N ,
........
Clerk o f th e B oard .
M i l e s C m , M ay 16 ,189 3.
W . J . Hates & Sons
H K K E R S ,
D eale rs in M U N I C I P A L B O N D S .
S tr e e t R a ilw ay B un ds and oth er high grad e ii
v e stm e n ts.
6
3 1 1 - 3 iJ J b S u p erior S t.,
C le v e l a n d . 10 W ill Stnet,
7 E x ch a n g e P la c e ,
New Yoik,
B oat o n .
Cable Address, ••KENNETH.”
[Y ol .
l y i.
T he c ity ’s tota l indebtedness is $16,000, o f 6 per cen t
sch ool bonds due fr o m Janu ary 1, 1895 to 1909, and the
assessed valu ation fo r 1892 was $1,940,310, o f w h ich personal
p roperty w as $879,806; rea l estate, $1,016,087; ra ilroa d p r o p
erty, $44,417.
N ew p ort, R . I .— (State and C i t y Supplement, page 34).—
Bids fo r bonds o f the c ity o f N ew p ort w ere open ed on M ay
25 but no a w ard was m ade, all o f th e bids b ein g con sidered
u nsatisfactory.
N ew Y o r k 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 50).—
The B oa rd o f E stim ate has a u th orized C om ptrollers M yers
to issue 3 per cen t c ity bonds to th e a m ou n t o f $1,000,000 to
pay fo r the State’s part o f W a rd ’s Island, recen tly deed ed to
the city. The W a r d ’s Island pu rch ase covers about on e hun
dred and eigh t acres. T he deed also in cludes fifty acres at
Seguin P oin t, in th e tow n o f W estfield , S. I , and fo u r acres o f
the old b u ry in g g rou n d at N ew B righ ton .
O m aha, N eb .— (S t a t e a n d C i t y S u p p l e m e n t , page 123.)—
P a v in g and sew er b on d s o f this c ity to the a m ou n t o f $100,000 each have been authoi ized b y the C ou n cil and w ill soon
be offered fo r sale.
P in e G ro v e , P a .— A a ro n T. F elty, B o ro u g h Clerk, w rites
th e C h r o n i c l e that w a ter w ork s bonds to the a m o u n t o f
$26,000 are e x p ected to be sold a b ou t J u ly 1. T he b on d s w ill
bear 5 per cen t interest, pa ya b le at P in e G rov e, and w ill m a
tu re in fro m 5 to 20 years fro m date o f issue, w ith an op tio n o f
call. The b orou gh has at present n o d eb t o f a n y k in d . The
bonds w ill be ex em p t fr o m ta x a tion .
P it t s fie ld , M ass,— (S t a t e a n d C i t y S u p p l e m e n t , p a ge 29.)
I t is reported th at th e $250,000 o f sew er bonds offered fo r sale
on May 25th w ere a w a rded to Messrs. B rew ster, C ob b & Estab rook o f B oston at 100’512. T he bonds are dated J u n e 1,
1893, bear 4 per cen t interest and m ature at the rate o f $10,000
y ea rly. B o th in terest and p rin cip a l are pa ya b le in gold .
S a lem , M ass.— (S t a t e a n d C i t y S u p p l e m e n t , p a g e 30.)
C ity Treasurer F . A . N ew ell w ill receiv e proposals u n til June
5 fo r th e purchase o f the C ity o f Salem m u n icip a l loan o f
N E W LOANS.
LOANS.
Harris & Co..
$
2 0 0 ,0 0 0
BAN K ER ^
15
WALL
STREET,
NEW
YORK,
O w n a n d o f fe r f o r s a l e in a m o u n ts t o s u it,
B o n d s o f C it ie s o f
Boston,
Chicago,
Omaha,
Minneapolis,
Duluth,
Newport, Ky.,
Haverhill, Mass.,
St. Louis,
Milwaukee,
Lincoln,
Kansas City,
Los Angeles,
Lawrence, Mass.,
OgdeD, Utah,
New Whatcom, Wash.
C IT Y
OF
NASHUA
GOLD
DUE
4s.
19X3.
Principal and Interest Payable In
Gold In Boston.
FOB
SALE
BY
Spencer Trask & Co.,
16 Congress Street, Boston,
10 Wall Street, New York,
$ 1 0 0 ,0 0 0
s e n d f o r n e w in v e s t m e n t l is t g iv in g
D E T A IL E D
STA TE M E N TS OF TH E SE
AND
City of Waco, Texas,
O T H E R H I G H -G R A D E S E C U R IT IE S .
GOLD
BONDS.
P r o v id e n c e , R . I . ,
.
.
.
.
4s
S t . L o u i s , I T I o . , ......................................... 4 s
D u l u t l i , M i n n . , ..............................4kss
G reat F a lls , M o n .,
.
.
.
.6 s
S a n t a B a r b a r a , C a l ., .
.
.
.
5s
C l a l l a m C o ., W a s l i . ,
.
.
.
.
6s
S a lt L a k e C it y S tr e e t K y . ,
.
.
6s
M e t r o p o l i t a n S tr e e t B y . , D e n v e r ,
6s
T h e a b o v e are payable
principal and in te re st in
W r it e fo r fu ll d escription and price to
E. H. Rollins & Sons,
N e w Y o r k C it y .
3 3 W a ll S tr e e t.
B o s t o n , M asN .,
E x c h a n g e B u ild in g .
GOLD 5s.
INTEREST AND PRINCIPAL P A Y A B L E IN
GOLD COIN,
P r ic e a n d P a r t ic u la r s on A p p lic a tio n .
W RITE FOR MARCH LIST OF INVESTMENTS.
FARSON, LEACH & CO.
C H IC A G O ,
NEW Y O R K ,
1 1 5 D e a r b o r n S t.
2 W a l l S t.
Joseph G. Martin,
STOCK
B R O K E R
AND DE A L ER IN
M IS C E L L A N E O U S
S E C U R IT IE S .
10 S ta t e S t ., B o u to n , M ate*
THE CHRONICLE.
J une 8, 1898.]
1893. This loan is fo r bonds to the a m ou n t o f $60,000, to be
either cou p on o r registered, to bear date o f J u n e 1, 1893, w ith
interest at 4 per ce n t per a n n u m , p ayable sem i-ann ually on
Jun e 1 and D ecem ber 1 o f each year, and to m ature at the
rate o f $6,000 y e a rly fro m Jun e 1, 1894, to J u n e 1, 1903. P rin
cip al and interest o f the bonds w ill be p a ya b le at the M er
ch ants’ N ational B ank , B oston.
Jjlt
B la k e B ro th e rs & C o........................................................................ .........100 2 7
B re w ste r, C obb & E B ta b r o o k .............................................................. 1 0 0 -0 7
W. J. H a yes & S o n s .................................................................................. 1 0 0 -5 0
T a u n to n H avings B a n k ........................................................................... 1 00-75
E . H . R o llin s & S o n s ................................................................................. 1 0 0 -3 1 75
Seattle, Wash.—(S t a t e a n d C i t y S u p p l e m e n t , page 148.)
J. M. CarsoD, C ity C om ptroller, w rites the C h r o n i c l e that an
election w ill take pla ce in Seattle on nine 6, to v o te on th e fo llo w in g proposition s : First, to issue $692,657 o f bonds to take
u p the floating d e b t ; second, to issue $95,000 o f bonds to co m
plete the L ak e U n ion sew er tu n nel; and, third, to issue $250,000 o f b< nds fo r addition al sew ers. I f authorized, they w ill
all be 20-year 5 per cen t g o ld bonds w ith interest payable
sem i-ann ually, and w ill probably be dated J u ly 1, 1893.
Shawneetown, 111.—(S t a t e a n d C i t y S u p p l e m e n t , page
95.)— N otice has been g iv en b y A . C. M illspaugh, M ayor o f
S h a w n eetow n , th at fu n d in g bonds o f the c it y Nos. 3, 4, 5
and 6 fo r $1,000 each , dated J u ly 1, 1881, w ill be re
deem ed on presentation at the A m erica n E x ch a n g e N ational
B ank o f N ew Y o r k C ity on J u ly 1,1 89 3 , fr o m and after
w h ich date all interest on said bonds w ill cease.
$ 6 2 1 ,0 0 0
C11I OF INDIANAPOLIS, INDIANA,
4 1/2 per cent
30-YEAR REFUNDING
BONDS.
W a s h in g to n 0 . H ., O h i o — (S t a t e a n d C i t y S u p p l e m e n t ,
page 85.)—Sealed proposals w ill be receiv ed b y A d d B urnett,
C ity Clerk, u ntil June 26, fo r the purchase o f $9,850 o f 6 per
cen t bonds. The bonds are to be issued in anticip ation o f the
collection o f taxes o f the assessm ents fo r the im p rovem en t o f
South M ain and F a yette streets. T h ey w ill be dated J u ly 1,
1893, and w ill b ecom e due $750 on Septem ber 1, 1894; $900
yea rly fro m Septem ber 1, 1895 to 1899 ; $1,400 on Septem ber
I, 1900 ; $900 each year on S eptem ber 1, 1901 a n d 1902, and
$1,400 on S eptem ber 1, 1903. Interest w ill be payable s em i
ann ually on M arch 1 and Septem ber 1 o f each y ea r, and prin
cipal and interest w ill be p ayable at the T reasurer’s office.
Weston, Oregon.—S. S. S h ields, C ity R ecord er, notifies the
o f the c ity o f W eston , u n til Jun e 7, fo r the purchase o f bonds
to the a m ou n t o f $24,000. The bonds w ill bear 6 per cen t in
terest, payable sem i-ann ually on Janu ary 1 and J u ly 1 o f each
year, at N ew Y o r k C ity, a n d w ill m ature J u ly 1, 1913. Prin
cip al and interest w ill be p ayable in U n ited States g o ld coin .
Ten thousand dollars o f the am ou nt w ill be issued fo r w ater
w ork s purposes, $10,000 to refu n d the present ou tstan din g
w a ter-w ork s b on d s and $4,000 fo r electric-ligh t purposes.
T he above-m en tion ed $10,000 o f w a ter-w ork s bonds, to
gether w ith a floatin g deb t o f $1,000, constitutes the c ity ’s
present total debt.
T a u n to n , M ass.— (S t a t e a n d C i t y S u p p l e m e n t , page 31.)—
A letter receiv ed from. E d w a rd H . T em ple, C ity Treasurer,
states th at the $15,000 o f 4 per cen t m u n icip a l bonds w h ich
w ere offered fo r sale o n M ay 25 have been aw arded to the
T au nton Savings B a n k at 100-75. The fo llo w in g is a list o f
the bids r e c e iv e d :
LOANS.
The bonds w ill be dated Jun e 1, 1893, and w ill be payable
Jun e 1, 1903. Interest w ill be payable on Ju n e 1 and D ecem
ber 1 in each year, and p rin cip a l and interest w ill be payable
at the A tla s N ational B ank, B oston.
C h r o n i c l e that bids w ill be receiv ed at the cou n cil ch a m b er
S is te r s v illp , W. Y a.— W e are in form ed b y on e o f th e city
officials th at an election w h ich recen tly to o k p la ce at Sistersville to vote on the question o f issuing $10,000 o f w ater w ork s
bonds resulted in fa v o r o f the proposition by a v o te o f 6 ou t o f
7. The loan w ill bear 6 prr cen t interest, pa ya b le a nn ually in
Ju n e at Sistersville, and w ill m ature a bout Jun e 1, 1927, w ith
an option o f call. T h e bonds w ill be ex em p t fr o m taxation.
The city has at present n o deb t o f a n y kin d. Assessed v a lu
ation in 1892 was $200,000; State ta x (per $1,000), $2; cou n ty
ta x (per $1,000), $7; c ity ta x (per $1,000), $7 50.
NEW
943
Y o n k e rs , 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 56.)—
J. H . C laxton, Secreta ry o f the B oa rd o f E d u ca tion o f
Y on k ers, w rites the C h r o n i c l e in answ er to an in q u iry co n
cern ing $25,000 o f bonds recen tly a uthorized b y the C om m on
C ou ncil, th at sam e have n ot as y et been advertised fo r sale.
N E W LOANS.
M IS C E L LA N E O U S .
CHOICE INVESTMENTS
THE
IN
Lewis Investment Co.,
Street Railroad and
Municipal Bonds.
PRICES TO SUIT TH E TIMES.
D E 9 M O IN E S , I O W A .
C APITAL P A ID UP ,
-
1150,000,
C h o ic e I n v e s t m e n t s in t h e m oat C o n s e r v a
t iv e F i e l d in t h e W e e t*
Corrrespondence invited.
P r ic e a n d p a r tic u la r s o n
a p p lic a tio n .
Coffin & Stanton,
73 B r o a d w a y ,
-
N ew Y ork .
Lamprecht Bros. & Co.,
45 W A L L
S T ., N E W Y O R K .
CLEVELAND.
FO R
SALE.
L I S T S ON A P P L I C A T I O N ,!
7 Per Cent 10-Year Gold Bonds
OF TH E
gg£fc3___
o f th e
N ew
Y ork
a u d llB o s to u
S to ck E x ch a n g e s .
These bonds are a first mortgage on over four
million dollars worth o f property.
E a r n in g c a p a c i t y o l C o m p a n y § 3 5 0 , 0 0 0 p e r
DEALERS IN
MAP, PROSPECTUS AND PRICE FURNISHED
C O M M E R C IA L PAPER.
Blake Brothers & Co.,
38 S T A T E S T R E E T , BO STO N .
5 NASSAU S T R E E T , N E W
YORK.
UPON APPLICATION TO
Le Roy Davidson,
(MILLS BUILDING),
35 W A L L
STREET, NEW
YORK.
REAL ESTATE AND INVESTMENTS,
9 6 M i c h i g a n S t ., M i l w a u k e e , W l » .
First Mortgagee on Improved Milwaukee Real
Estate, bearing six and seven per cent interes t
always on band. Ne charge to the Investor fo r o o llecting interest or looking after taxes and fire insur
ance. Absolute security.
GEO. H. LEWIS,
A ct’s: Secretary.
President.
FAIRHAVEN,
FUTURE METROPOLIS OF PUGET SOUND
destined to be the great Manufacturing and Com
mercial Center because it has
The Largest and Safest Harbor on the Pacific Coast.
The Greatest Area o f adjacent Agricultural Land.
The m ost Magnificent Forests o f Timber In the world
The finest Natural Town 8ite and Water Front
Immense Veins o f the Best Coal in the W est which
produoes a coke equal to Pennsylvania. Iron, SL1rer
ead, Gold and other ores. Extensive Quarries o f
f
e 8andstone fo r building purposes. Valuable normation can be had of
T H E F A IR H A V E N L A N D C O M PA N Y .
F A IR H A V E N ,
WASHINGTON.
MUNICIPAL SECURITIES
OF
$ 5 0 0 ,0 0 0
P IT T S B U R G
Staten Island Railway Co. 1st
Mort. 4 1-2 per cent Gold
BONDS.
Hackett & Hoff,
S e n d f o r P a m p h le t .
W. A. HOTCHKISS,
B E L L IN G H A M B A Y ,
O range Belt Land &
Canal Co.,
P H O E N IX , A R IZ O N A .
M em b ers
F i f t e e n Y e a r s ’ S u c c e s s fu l E x p e r i e n c e .
ROSTON.
$ 2 0 0 ,0 0 0
INVESTMENT BONDS
Q iy
PCD
O C j J T Guaranteed First M ort.
O lA
r e n
U C n I gages on improved lands
In Iowa and Eastern Nebraska. Safe and Desirable
V IC IN IT Y
Ja*. Carothers,
9 0 F O U R T H 1 V E ., P IT T S B U R G , P A .
DUB JUNE 1ST, ISMS.
Principal and in terest gu aranteed by th e Staten
Island Rapid T ran sit Co.
D ividends o f 26 2-3 p e r c e n t per an nu m h ave been
paid on th e capital stock o f th e S taten Islan d lt y . Co.
sin ce 18b4.
Price and special circular m ailed upon application.
C. H. W H IT E & CO.,
BAN K ER ^
72 B R O A D W A Y , N EW
AND
D e a l t in b y
YORK.
A . Strassburger,
STOCKS
&
BOYDS
B R O K E R .
SOUTHERN INVESTMENT SECURITIES.
Montgomery, Ala.
THE CHRONICLE.
944
A s soon as th ey are ready for sale n otice w ill be given in these
colum ns. It is rep orted th at the bonds w ill m ature $5,000
yea rly fro m A p ril, 1920 to 1924.
Williamsbridge, N. Y.—Sealed proposals w ill be received
b y the B oard o f Trustees o f this v illa g e u ntil J u n e 8 fo r the
purchase o f $30,000 o f h ig h w a y im p rovem en t bonds. The
bonds w ill bear 4 per cen t interest and w ill b ecom e due $1,000
y e a rly fro m 1908 to 1937. In terest a n d p rin cip a l o f th e loan
w ill be provided fo r in the annual ta x levies.
The total bond ed indebtedness o f th e village is $42,000 and
its assessed valuation in 1892 w as $1,344,580.
Wilmington, Del.—( S t a t e a n d C i t y S u p p l e m e n t , page 72.)
—Proposals w ill be receiv ed b y Joseph K . A da m s, C ity Treas
urer, u ntil Jun e 3, fo r th e purchase o f a sin k in g fu n d loan o f
$75,000. The bonds w ill bear interest at the rate o f 4 per
cen t per annum , payable sem i-annually on A p ril 1 and O cto
ber 1 o f each year, and $45,400 o f the a m ou n t w ill m ature on
A p ril 1, 1921, and the rem ainin g $29,600 on O ctober 1, 1921.
Settlem ent fo r th e bonds m ust be m ade on or before Jun e
9, 1893.
Youngstown, Ohio.—(S t a t e
and
S u p p l e m e n t , pa ge
w rites th e C h r o n i c l e
Cit y
83.)—C ity C lerk J. H ow a rd E dw ard s
that on M ay 29 5 per cen t Fire D epartm ent bonds to the
am ou nt o f $25,000 due O ctober, 1895 to 1917, w ere sold to
Messrs. Farson, L each & Co. fo r a total p rem iu m o f $256 75.
O n the same d a y 6 per cen t E lm Street p a v in g bond s, to the
am ou nt o f $24,000, due O ctober, 1894 to 1900, w ere aw arded
to the First N ational B ank o f Y o u n g s to w n fo r a total pre
m iu m o f $650, and 6 per cen t sidew a lk bonds, to the am on nt
o f $10,000, due O ctober, 1894 to 1903, w ere sold fo r a total
prem ium o f $250.
[V ol. LYI.
S o m e o f th e s e re p o rts a re w h o lly n e w a n d
o th e rs
c o v e r it e m s
o f in fo r m a t io n a d d itio n a l to th o s e g i v e n in th e S u p p l e m
ent
,
a n d o f in t e r e s t t o i n v e s t o r s .
P e n n s y l v a n i a — P o t t s v i l l e . — (S t a t e
Cit y Su pple m e n t,
and
page 7 0 .)—W e h av e receiv ed this w eek a special rep ort fro m
G.
A . B ernet, b orou g h clerk , b y w h ich the fo llo w in g state
m en t has been corrected.
P ottsville is in S ch u y lk ill C ou nty.
LOANS—
W hen Due.
F u n d in g B onds ^4s, A & O , $ 1 5 ,0 0 0 ..............
1 90 5
4 s, M & N , 2 0 ,0 0 0 .............
1 90 7
4s, M&N, 3 3 ,0 0 0 .............
1 911
T em po r a r y L oan58, -------, $ 3 4 ,0 0 0 ............. I n 1 yea r.
In t, is p a y a b le a t B o r o ’ T rea s’ y.
T o ta l d e b t A p r il 1 ,1 8 9 3 ..$ 1 0 2 ,9 8 6
S in k in g f u n d ......................
$ 5 ,4 4 0
N et d e b t A jiril 1, 1 8 9 3 ...
9 7 ,5 4 6
T a x v a lu a tio n 1 8 9 6 .......... 6 ,1 7 5 ,6 0 8
A sse ssm ’t is 5 0 o r 6 0 % a ctu a l value.
S tate & Co. t a x (p er $ 1 ,0 0 0 ).,$ 4 '5 0
B o ro u g h t a x (p er $ 1 , 0 0 0 ) .. .. 6 '0 0
A v e r a g e s ch o o l t a x ................... 4 -50
P o p u la tio n in 1 8 9 0 w a s ........ 1 4 ,1 1 7
P o p u la tio n In 1 88 0 w a s ........ 13,2 53
A ll o f th e se b o n d s b e a r a S tate ta
O P T I O N A L .—T h e b o n d s a ro a ll s u b je c t t o c a ll a fte r fiv e y e a rs fr o m
d a te o f issue.
Y ir g in ia —R a d f o r d .— H u g h C. P reston, M ayor.
The fo l
lo w in g statem en t o f the indebtedness a n d gen eral financial
con d ition o f the c ity o f R a d fo rd has been sent to th e C h r o n i c l e
b y C ity Treasurer A m b rose RobinsoD .
T he $100,000 o f 6s due
in 1923 and listed b e lo w h ad n o t been sold w h en this rep ort
w as received, a nd fo r that reason the loa n is n o t in clu d ed in
the statem ent o f th e total debt.
R a d fo rd is in M on tg om ery C ou n ty.
STATE AND CITY DEBT CHANGES.
W e su b jo in reports as to m u n icipal debts receiv ed since the
pu blication o f ou r S t a t e a n d
Ci t y S u p p l e m e n t .
la s t
CHICAG O
Jamieson & Co.,
S T O C K S —B O N D S ,
Members New York Stock Exchange,
Chicago Stock Exchange.
1 8 7 -1 8 9 D E A R B O R N S T R E E T ,
C h ic a g o , Ills ,
Private W ire to
L & 8. W ORM8EH, NEW YORK.
FLOW ER & CO., NEW YORK.
H UHN A GLENDINNING PH ILA D E LPH IA .
S p e c ia l a t t e n t io n g iv e n to o u t -o f-t o w n b u s i
ness.
C o r r e s p o n d e n c e s o li c i t e d .
J. B Bb i i s i , Member New York Stock Exchange
D. M. C u m m i n g s , Member Chicago Stock Exchange
Breese & Cummings,
B A N K E R S AND B R O K E R S,
111 A N D 113 M O N R O E S T R E E T ,
CHICAQO
Securities listed in New York, Boston or Chicago
oarried on conservative margins.
A . O. SLAUGHTER, Member N. Y. 8tock Exchange
WM. Y . BAKER, Member Chicago Stock Exchange
A . O. Slaughter & Co.,
BANKERS,
LOANS—
W hen D u e.
Cit y B o n d s.
6s, J & J, $ 2 1 ,0 0 0 ..........Jan . 1, 1 92 3
6e, sem i-annu al, $ 1 0 0 ,0 0 0 ___ 1 923
In te re s t is p a y a b le in N ew Y o r k .
T o ta l d e b t F e b . 2 5 ,1 8 9 3 ..$ 2 1 ,0 0 0
T a x v a lu a tio n , re a l........$ 1 ,3 5 8 ,4 0 2
CHICAGO.
C k le a s e S . o n r l t l . . B o u g h t a n d S o ld .
Loeb & Gatzert,
M ORTGAGE
BANKERS
1 2 5 D A S A L L E S T R E E T , C H IC A G O
«
ortS®£es fprsale In large and small amount!
netting Investors 5, o}£ and 6 per cent, secured b
unproved and income-bearing Chicago city propertj
P r in c ip a l a n d I n t e r e s t p a y a b le l a G o l d .
CORRESPONDENCE SOLICITED.
Fred. G. Frank & Bro.
LOCAL SECURITIES A SPECIALTY.
W A S H IN G T O N S T R E E T , C H IC A G O .
OocMirondenoe Invited.
CHICAG O.
The
Title Guarantee & Trust
Company
EquitableTrustCompany
O F
C H I C A G O ,
1 8 5 D E A R B O R N S T *, C H IC A G O .
9 2 , 9 4 «fc 9 6 W A S H I N G T O N S T R E E T .
C a p it a l, p a id -u p ............................... S I , 6 0 0 , 0 0 0
U n d iv id e d e a r n in g s , in c lu d in g
s u r p l u s ................................................
2 3 9 ,0 0 0
D e p o s it e d w it h S t a t e A u d i t o r . .
2 0 0 ,0 0 0
GUARANTEES TITLE8 TO R E A L ESTATE.
MAKES ABSTRACTS OF TITLE.
O ffers in v e s t o r s In r e a l e s t a t e s e c u r i t i e s
p r o t e c t io n a ffo r d e d b y n o o t h e r s y s te m o f
d o in g b u s in e s s .
Is authorised by law to act as Registrar o f 8tocks
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets o f the Company.
C O R R E SPO N D E N C E S O L IC IT E D .
OFFICERS:
GWYNN GARNETT, President.
A . H. SELLERS, Vice-President.
ARCHIBALD A. 8T BW A RT , Secretary.
CHA8. R. LA RR A BE E , Treasurer.
FRAN K H. SELLERS, Trust Offloer.
DIRECTORS:
Gwynn Garnett,
Chas. W . Drew,
W. D . Kerfoot,
John P. Wilson,
Horace G. Chas9,
Edson Keith,
John G. Shortail,
Geo. M. Bogue.
JohnD eK oven,
A . H . 88llers.
Samuel B. Chase,
COUNSEL:
W . C. Goudy,
John P. Wilson,
A . W . Green,
A. M. Pence,
1 1 1 -1 1 3 L A S A L L E S T R E E T ,
C H IC A G O , IL L S ,
T a x v a lu a tio n , p e rs o n a l, $ 1 4 5 ,2 5 0
T o ta l v a lu a tio n 1 8 9 2 ___ 1 ,5 0 3 ,6 5 2
A ss e ss m e n t Is '-j a ctu a l va lu e.
C ity t a x (p er $ 1 ,0 0 0 )...............$ 9 5 0
A v e ra g e s ch o o l t a x ................... 3 0 0
P o p u la tio n in 1 89 0 w a s ..........2 ,0 6 0
MANAGER WANTED.
W e w is h t o co n tr a c t w ith a g o o d , l i r e m a n to
rep resen t us in ea ch la rg e to w n an d o ity in the
U n ited States. T o su ch w e ca n o ffe r a p e rm
a nent, p a y in g an d le g itim a te b u sin ess.
O u r C om p a n y is in th e lin e o f B u ild in g L o a n
A ss o cia tio n s , w ith th e b e s t fe a tu re s a n d w ith
o u t the risks a n d e x p e n se s o f such. W e fe e l
con fid en t th a t w e ca n afford th e beBt and sa fe st
in v estm en ts in this lin e e v e r offered . W rite
and see.
Chicago Co-operative
Construction Co.
R o o m s 6 1 6 -6 1 8 R ia lt o R a i l d in g ,
C H IC A G O , I L L .
C A P I T A L , P A ID ; U P ,
SU RPLU S,
-
- -
-
- -
-
-
- -
-
$ 5 0 0 ,0 0 0
-
5 0 ,0 0 0
AUTH O RIZED BY L A W TO RECEIVE and ex
ecute trusts o f every character from courts, corpora
tions and individuals. Takes entire charge o f estates,
real and personal. Acts as agent for the registra
tion and transfer o f bonds and stocks and the pay
ment o f coupons, interest and dividends. A legal
depository for court and trust funds.
INTEREST A LLOW ED ON DEPOSITS o f m oney,
which may be made at any time and with .jrawn after
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets o f the
company.
DIRECTORS:
A ZE L F. H A T C H ,
CHAS. H . HULBURD,
M .W .K B RWIN,
GEO. N. CULVER,
H A R R Y RUBENS,
MAURICE ROSHNFKLD,
J. R. W A L 8H ,
SAMUEL D. W A R D ,
OTTO YOUNG.
OFFICERS:
J. R. W ALSH , President.
CHAS. H. HULBURD, Vice-President.
SAMUEL D.’ W A R D , Treasurer.
LYMAN A. W ALTON, Secretary
Illinois Trust & Savings
Bank.
C H IC A G O ,
I L L ,.
C A P I T A L , A N D S U R P L U S , - $ 3 ,3 0 ! ) ,0 9 G
IN T E R E S T A L L O W E D ON D E P O S IT S .
This Bank is directly under the jurisdiction and
uu ctvo no t x .u o x u u , n n u o u i v i v , l . u v u l VjO,X> £»UU
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICER8:
John J. Mitchell, President.
John B. Drake, Vioe-President.
W m. H . Mitchell, Second Vice-President, T
W m. H. Reid, Third Vice-President
James 8 Gibbs, Cash’r. B. M. Chattell, A ss’t Cash’?
DIRECTORS
John McCaflfery,
John B. Drake
L. Z. Letter,
Wm. H . Reid,
Wm. H. Mitchell,
John J. Mitchell
Wm. G. Hibbard,
J. C. McMullin,
D. B.lShlpman,
J. Ogden Arm our'
Frederick T. Haskell.
@FedFRASER