Full text of Commercial and Financial Chronicle : June 8, 1895, Vol. 60, No. 1563

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REPRESEN TIN G T H E IN D U ST R IA L AN D COMMERCIAL IN TERESTS OP T H E U N IT E D STATES.
[Entered according to Act o f Congress, in the year 1895, by the William B. Dama Company, in the office of the Librarian of Congress.]

VOL. 60.

SATURDAY, JUNE 8, 1895.

3^lie ®lijccmide.
'PINE STR EET, N. W. CORNER OF PEARL S TR E E T, N. Y.

CLEARING HOUSE RETURNS .
For the month of May and the five months the exhibit is as
follow s :

NO. 1563.

The week’s total for all cities shows a gain of 15*7 per cent
over 1894. The decline from 1893 is 10 9 per cent a n l the fall­
ing off compared with 1892 is 16'5 per cent. Outside of New
York the aggregate for the current year exhibits an excess,
as compared with 1894, o f 9*1 per cent, but contrasted with
1893 there is a loss of 11'4 per cent. The decrease from the
1892 figures reaches 15 8 oer cent.
Week ending June I,

Five Month».

May.
1895.

1894.

P.C t.

1896.

1894.

S
$
1
$
New Y o r k .... 2,833.816.04' 2.093.135.412 ■f-35’4 11.707.180.276 10,049.868.997
297 818.213 256 538,421 +16-1 1.378.144.117 1.216.978.141
Philadelphia.
274.864.002
59.499.93« —2-2
278.397.727
58. 09,<'24
2-6.31+311 267.957.269
57.3m2.058 +11*7
64.' 80.863
77.004.6,5
83.952,8‘ 5
18,746,130
16.836,811 + 11*3
33.462.061
3P.6H.173
7,161.791 +23*1
9.<>29.76«
29,898,776
32.3 8.911
6.252 945 +9-3
6.835,83'
17,511.856
19.438.591
3.752.680 +24-6
4 655.240
15,589,080
15,031.123
2,91w,50(
2.994,87-» —2-5
14,010,279
15.354.557
3,007.826 +7*7
3.210.558
7,209,400
1,612.000
7.078,100
1,667,400 +2-9
Bingham ton..
Total Middle 8.301,024,9/9 2,508,140,161 4-31-2 13,862,815,700 12,104,940,635
B oston............
Providen ce....
H a rtford........
New H a ven ...
Springfield....
W orcester.....

New B edford.
Total N. Eng
C h ica go..........
C incinnati......
M ilw aukee....
D etroit............
C levelan d......
Colum bus.......
P e o r ia ............
Indianapolis...

K alam azoo....
fo t .M . West.

Clearings a t—

1&95.

P.O t.
+16*5
+13-3
+ 1*3
+6 9
+8 2
+18-5
-t-8’0
+1P0
—3*6
+ 96
—1-7
+15*o

417,145 879
22.642.400
9,92 *.881
6,325,584
6,H10,3'i9
5.578,358
5,327,055
8.281.«74
2,008,956
1,981,647
481,835,073

352.635.582 (-18*3 1.872.4SP.960 1.718 7 9 V 94 +8-9
92,797,8 K) -16 9
19,385,100 +1+ 9
104.4 40,200
42.127.627 +13 0
47.61o.735
7,91a. <57 fi5-4
28.8U.997 +55*0
5.844,276 +6*3
29,667,402
26,597.647 +13-8
3.1,270,000
5,&23,r>93 +27-0
24.684,420 + 8 3
5,393.174 +3*4
26.617.336
24.2)6.4 2 +5-5
25,576,288
5,016.402 +6*2
15,917,*46 + 2 6
16.325, 65
2,'*60,248 -I-14-7
12.917,126 -2 -2
2.866,319 -5-9
12.643,405
0.2--6 931 —94
1,743,019 +13*7
8,397,382
409,185,570 +17*8 2,177,877,983 1,996,966,u8J + 9 1

430.H8 980
57.257,050
20.09-1,072
27.3s3,' 11
23,71‘2,409
16,804,200
9.060,. 82
5,478,444
3,*0.4,4 11
1,412 744
1,786.186
1.250,000
677,100
689,345
850,74
1,041.768
1,230,450
601,725,451

378.643556 +13+ 1.851..3n2.907 1.722.594.138 +7-5
203,201,550 + 2 '«
65,18i,250 ■4-3*8
270,953,6 0
88,976,482 + 8 3
96,347,670
37.108 2*2 417-6
23.661.71« +1Ö-2
114.42l.x94 +M-0
124,6 6,892
92.504.819 +17*6
19.396.463 +22-6
108.791.627
69.4*9 300i + 2 7
71,314,400
15,142,300 "H ’J
35,869,2 >8 + 26 6
45,423,831
8.319.877 +8-9
25,32*,6C8 —à 7
24,3 6.024
5.549,724 - 0 7
16,152,022 +12 0
3,694.900 -1-3-1
18.423.007
7.2 9,436 + 5 o
7.606,003
1,392,549 +1-4
6,802,.-30 +2s-5
7,458,03/
1,2 01, ?29 +41*0
5,301,375 +13*0
1.23*4.272 r0-9
6,004,362
3,5 1,372 +26-3
4,421,138
7 6,839 —08
3,519,017 +-6'2
3,787,427
663.1«9 +3-9
704.372 +2u*ft
3,756,887
3,100.853 +21 2
85-.019 8-221
4.477,290 +9-o
4,681.9«!
5.263.343
5,195.971 +1-3
1,141,761 +7-5
53*,4.6<5,202 +12*6 2,654.677,690 2,406,(46,017 +7 6

*
494,623,991
66.607,9 >8
12,759.125
12.966.577
3.353.254
1,727 728
1 .4 0 -U 8 8
760.00U
643.383
641.038
247.900

189&.

P . Cent.

585,742,14*2

$
407.108 .74 8
50.198.223
11.189.913
13,289.440
2,927.100
1,383.919
1,511,652
648.184
559,337
614.443
« 6 5 400
489,720,821

B oston.................. .
Providence.............
H artford.................
New H aven.............
Springfield..............
W orcester...............
Portland..................
Fail River...............
L o w e ll.....................
New B edford..........
Total New E ng...

77,281,387
4,107.400
1.771.671
1.154,752
1,213,485
994,388
1 ,0 )0 ,1 7 9
664,894
461,948
382.839
88,9o5,943

69.620.948
3.551.701)
1,710,782
1,148,865
1,116.247
924,561
1,026.479
555.239
482.241
416 276
80,483,341

+ 1 1 *2
+ 1 5 -7
+ 3 "6
+ 0-5
+ -V 0
+ 7 *6
+P4
+ 1 *7
—3 7
—s-2

Chicago....................
Cincinnati...............
Milwaukee.........
Detroit....................
Cleveland................
Colum bus...............
Peoria......................
Indianapolis..........
Grand Rapids........
L exington...........
Saginaw...................
Bay C it y ...............
A kron...........
Soringfleld, Ohio...
Canton.....................
R ock ford ................
Kalamazoo............
Tot. Mid. W est’n.

84,633,667
11,091.45
3.479.844
5,324.953
4 284,645
3,144,100
1,775,443
1,055 1*4
671,261
234,035
3 (4 ,8 5 0
305,000
175,378
107,781
155,84*
101,' ’5
18 ),129
117,154,221

74.160.741
10,531.8*0
3.290.221
4,601,801
3.754.612
3.130,600
1.680,021
1,029 63ft
699 627
293 4*2
23-.851
2 1 1 .5 )2
109,234
119,031
125,502
167,772
193.090

+14*1
+ 5 *3
•+5*7
+15 6
+ -1 4 1
+ 0 *5
+ 5 *7
+ 2 *5
—4*0
—20-1
+ 40*2

101,343,955
12,487,894
950.004*
733,240
404 425
57C.031
726.755
458,928
191,798
110.885
103 lift
16,718,678
8 ,2 6 \S85
5.220.080
4.135 150
3,127,893
2,672,707
1,501,808
1,310,000
630,219
792,801
416,504
270.554
31*1.052
83,000
93.538

New York..............

Philadelphia..........

Pittsburg.................
Baltimore................
Buffalo..........; .........
W ashington...........
Rochester.............. .
Syracuse..................
W ilm ington............
S cra n to n ...............
Binghamton...........
T otal M iddle......

11.497 16
San Francisco........
1 ,0 7 1 9 1 0
273.393,179 - 3 0 P ortland.................
265.292,482
54,618,182
61,131.580 —9 2
San Franoisoo.
1.1 ft0.134
21,836.043 + 5 8 Salt Lake C ity........
23.103.59.
5,68 -.815 —7-0
6.284.884
Portland.........
3T0 000
24,453 790 + 1’Ö Seattle.....................
21,768.428
4.784.630
4,460,112 +7*8
-Salt Lake City
630 2 9
9.&08.1J8 - 19,989,353 -17-7 Tacom a...................
2.071,810
2.2 3 616 -6 -8
B eattie............
1,00 < 106
ll,725,o?2
12.823.238 - 1 9 Los A n g e le s ........
2,306.308 + 12 7
2.598,322
T a com a ..........
488,584
24,516,54*4
20.3N4.657 +20 3 H elena.....................
4,698.252 1-20 1
5,531,167
Los A ngeles..
368.034
13,221.206 —0-2 Spokane..................
12.l9-,3< 4
2.567,688
H elen a ............
2,5o3,307 +0-5
38.621
7.645,632
6,764,210 -30-9 Sioux Falls.............
1,677,802
1,1-7.992 +47-5
Spokane.........
111.374
2,596,766 -48-5 Fargo.......................
247,101
1.836,901
421.784 -4 P 4
Sioux Falls___
491 3*0 + 2*1
2.854,00:
2,6j 1.406 1-fc*ô
600,000
S'argo..............
10,628,772
Total Pacific......
387,593,850 - 1 1
383,209,071
79.974.566
84,000,J.«* - 4 8
Total Paoifio
9.315.81«
Kansas City...........
0.130.710
+8-3
206,540,093
194,300,428
+12-6
40.059,677
45.095,889
Kansas City...
M inneapolis...........
2.787,307
118.321,918
107.*31,797 +1*)' 1 O m a h a .............
S1.883.5o8
24 109,138 P31-9
M inneapolis...
8 .8 )0 ,3 6 0
75,114,077
103,270,772 -2 7 3 St. P aul..................
14.679,825
21.798,744 —34-0
Omaha............
2.191,511
68,298.75ft +20-6 D en ver....................
7 ,,«69,838
18,054,343
15,728,602 +14*8
St. Paul...........
1.500,000
50 831,19)
6ft .609,914 - 2 9 Duluth.....................
12,642,055 -6 -5
11.834.985
D enver............
1.394.4467
38,079,863 —16 St. Joseph...............
35 180 0 0
8,045,619 —3-t
*7.800,00»»
Duluth............
397 60*2
3l,J62,<.72 —0 8 Sioux C it y .............
29,602.019
6.497,542 —121
5.71.1,103
S t. Joseph ...
76+672
11,581,090
11,403,148 -19-6 Des M oines.............
3,077,753 -23-2
2,292.919
Sioux City ...
243.786
21,603,194 +9'3 L incoln....................
g 1,614,30«
4,784.574 +12-9
6,400,00«
Des Moines. .
372,26"
10.247,304 -24-7 W ichita...................
7.710,169
1.271.223
1.929,249 - 3 4 1
Lincoln ..........
399,644
10,5)6,743 +4-2 Topeka.....................
10,999,567
1,942,783
1,512,665 +235
W ic h it a ....:..
51,141
9,580,144
10,012,427 —4*3 Frem ont..................
1,781,856
1,913,976 -6 -9
Topeka............
02 600
1,473,168
1,814,»13 —18 8 H astings.................
297,189
299,946 -0 -9
F rem ont.........
1.917.161 —35*55
1.243.278
254:, b35
418.590 -39-2
H a stin gs........
29,459,089
Tot. other W est.
670,310,614 —0*4
6o7,8s8.843
T ot. oth ’r W . 147,992,017 142,938,160 +3-5
21,726,052
St. Louis..................
7.590,487
518.722.064
468.144 262 +11-3 New Orleans...........
97,996.533 4-160
St. Lou is......... 113.645,397
6,654.635
194.907.693
191.944,982 -ft1*5 Louisville................
32.673,380 4-10-4
36.059.2l9
New Orleans..
1.9 21.5 Î7
13 i.i 08 800
132,243.095
25,-41.963 +12 6
28,849,573
Louisville.......
G a lv e sto n .............
2.013,338
52.767.800
46,149,481 +14-3 H ouston ..................
9.029,160
8,672,847
G alveston......
2.018.523
8,213,584
49.854.808
41,358,527 +2*-5 Richm ond...............
5,857.) 35 +40-2
H o u s to n ........
1,483,000
49,965,2/6
46 580.481 +7-3 Savannah................
9.704,318
9.299,213 4 4‘4
Richm ond . . ..
1,300,000
38,638,486 +10-5 Memphis..................
7.150.000
42.6/6.041
6.58s,o43 48-6
S a v a n n a h ... .
968.361
8.831.C96
«0,184,351
37,276,407 -t-7'8 Atlanta............
9,782.954 —9'7
Memphis.........
24,546,715
5,215,1.51
23.006.389 +6*7 Nashville.................
734.781
4,<)b6,o88 4-27-6
Atlanta ........
1.093.376
4,067,598
20.451,822
19,035.574 +4*2 Dallas.......................
3,961.126 +2-7
N a sh ville.......
5,410.344
860.976
26.619.54«
24,469,* 85 -t-8'4 N orfolk....................
4,872.273 +11*0
D allas............
4,121,169
20.372,934 —0*8 W aco...................
20,216,723
661,821
4,072,522 4-P2
N o r fo lk ..........
750,000
4.384,763
22.607,460
12,632,442 +79'0 Fort W orth.............
W a c o ..............
1,793, 6o 41442,924,978
345.355
2,5-14,994 +16 8
17.630 466
13,684.68* +28*8 Birmingham...........
P ort W orth ...
7.390.20*
l .t 62,569
1,488,120 +11-7
6,830.174 -f-8‘53 J a ck so n v ille.........
294,402
B irm ingham ..
1,540,000
8,229,597
9,260.123 - l i - 2 Chattanooga...........
1,630,34« -6 -5
215.0004
Jackson ville..
1,060,000
4 884 6o4
4,374,031 + il*7 Little R ock*...........
819,863 + 22 0
312.085
C hattanooga..
49,651,634
T otal South. 251,8)6.''99 221.741,665 +13*6 1,234,607 921 1,134,611.272 + 8 9
Total Southern..
Total all...... 4.8 *4 357,885 3,900,473, «22 *-24 7 20,9al ,006.271 18,60 .275.008 +12-4
F 8 7 .6 3 l.8 0 i
T otal all..............
Outside N. Y. 2,030,511,245 1,807,338,510 4123 9,273,8/5,998 8,610,406,371 +7*7
393,007,810
Outside N. York
51.909.757
45.785,937 t-14’0
222.510.232
M ontreal........
210.518.294 +5*7
26.698.583
24.173,820 +6-3
118.446.951
115.013 4 6 1-3*0
T o r o n t o .........
4,871.141 419 1
4.964,ft78
lO .F ll.P 'P
22.069 137
H a lifa x ..........
21.990 837 - 1 4 M o n tr e a l........
3,926.000
3.455.639 413-4
6,398.810
16.730,658
17.437,819 - 4 1 T oron to.............
W innipeg.......
1.031.727
2.764.5 4
2.977,806 - 9 2
12 947.63)
11,554 5 5 -10 9 H alifax..............
H amilton........
831 90S
89.257.2/9
81.064,343 +10 1
39).324,6121 380,529,991 +3*4 W innipeg..........
T ot. Canada.
12o, 000
H am ilton..........
Estimated.
18 604 414
Total Canada.
-,gw~ F o r table ot clearin gs by telegraph see Page 7 7 8 .
; * N ot included in tota ls.




189 4.

4-21*5
+ 1 2 -8
+ 1 1 *0
-2 * 4
+ 1 4 -6
+2P8
—6*e
+ 17*2
+ 15*0
—0*1

—

+ l« -6

+ -10 6

1893.

210.000
660,614,275

709,918,017

80,8®7.P49
4.924.400
2.090,882
1,275 971
1,427.420
1 200,167
1,117 063
809 2 '2
6 8 1 .es-.
604.754
94,919,406

131,403,529

141,316,018

15 220.501
1 823.524
l,0 4 l,* 63
960.000
812,180
8 8 /.2 3 4
707.320
613.449
120,996

14.079.829
1 689 251
1 910,546
995 ,742
6 2 9 507
657,296
524 ,941

-0 * i

22,181,770

20,695,* 35

+ 12*7
+ 17*5
—4P 1
+ 22*8
—17 9
—4*0
4-6*5
—86*9
—3-8
-4 1 * 5
4 3 7 -7
+28*9
—38*4
—S«*5

9,791.920
6,**40,384
5,924,701*
4,496,06®
4.115 138
1.885,52?
l,7tl),0**0
830,717
811 7 »3
5 0 5 ,3 8 )
464 292
412.845
119,721

9 , 19®,013
7 870 ,020
5.182,604
5,370,092
4.618,367
1.310, 973
1 827.453
1,258,857
837.635
8 3 9 066
437+42
884 ,719
90.000
112,021
39,261 862

—

-0 * 1

37,131,781

+ 9 *3
+ 19*9
—13-4
+ 3 *6
+ 56*4
+5*9
+9*0
—38*6
+ 11*9
-2 * 3
+ 27*7
-0 * 8
+ 8 **8

20,070.129
8 ,3 * 2 »'71
6 869.455
1 884,579
2.001.372
1 874.211
1,135.5*0

+15*1
_9-<
+13*0

1,050.037
981.045
998.840
809,400
47M.767
5 :il .l3 2
437 221
275.201
345,035

4 0 ,4 9 4.0i*tsl

+ 6 -8

50,291.516

16.* 54.314

792.911
485.915
100,749,736

—1-9
+12 8
-t&6"9

29,495,914

P, 3 “ 2,78®
5,190.6«®
909.985
860.000
630 9* >8

88 097 ,784
4 4 19 .500
2,1« 1 ,0 4 7
1 243.551
1,877,024
1,131.404
1,100.006

+ 1 2 *3

-8 0
+ 37*9
4 -6 2
+922
—65*2
+3-*

+e*e

+1+7
~

256 400

98 947 .077
13,853 400
6,? 0 1 9 2 4
8,487 8 0 5
5.191,262
4 276 .900
1 F98 200
2 ,148 (*53
8 3 6 908
431 ,800
294 ,815

19 880,601
6,330,733
6.530,438
1,8 5 ‘(,832
1,300,000
1,905,314
l,3 « 0 ,a 2 2
2.118,688
805,253
752.098
855.985
867,510
355,000
703,811
300.000
323,613
190.223

860,183.967

8
599.508,948
7 1 .l6 7 .2 a 7
13,900,282
15.027.871
S,89«.8-i6
1.914.146
1,492 016
8H4.749
796 ,408

93.604 301
1 M 0 0.5F .0
5 682.697
5.700 0 ’0
5 251,525
S.HIS.O-H)
1,786 510
1,463.881
9 *0,394
326 478
388 .220
247.085
2.12,675
181.418
135,182

—9-5
+2P1
+ 13*9
—2*4

767.202.715

1893a

$
552,796.731
70,614,587
12,515 428
11,270.728
4,026,57»
1 858,091
1,531,816
916 ,89 »
813,475

+ -» i
+ 15-S
+ 4 -0
+ 10*9
—2*1
— 16-8
4-9 7

],5 H 5 ,o 0 2

2 1 9 445
167,929

2 0 7 ,923

21,239,950
7.282.912
8.082.099
1 670,031
1,252.008
2.610.809
1,809.428
1 9 6 0 .1 7 0
1 277 905
1,854.302
9 1 0 000
1,079.524
4 « 1.072
401 070
555.696
479,396
52,383,132

9P0.572.270 1.063,324.800
443,775,545

463,815,857

10 757.142
6.1< *8.920
1,077,028

11.161,332
0 .4 7 4 ,3 0 5
1,2 9 8 ,5 1 0

747.814
18.090 9 .’ 4

72P.903
19.004 115

984

THE CHRONICLE.

THE QUOTATION SUPPLEMENT.
W e issue this week the second number of our Quo*
TATI on S u pplem ent , and a copy is mailed to-day to
every subscriber of the C h r o n ic l e .

We do not desire to speak too highly of this publi­
cation, but we think all will find that the present
number is better than the first. Every part of it has
been revised, the railroad and miscellaneous bonds and
stocks have been added to materially, and the columns
of quotations are much fuller than they were. We
think too we have improved the mechanical work—
type, printing and paper.

THE FIN A N CIA L SITUATION.
The leading events of the week have in truth all been
as we look at them of a favorable character. Even the
lowering of the Chicago & North Western dividend
cannot be construed otherwise. Any one who has
cared to have his judgment guided by the earniogs has
all along known that a company conspicuous for its
conservative management must do just what it has
done, and is conscious also that the act is evidence of
strength not weakness, of “ steering” not “ drifting.”
It is at the same time worthy of notice that this has
happened in a week when the crop reports from the
West have been growing better day by day, and at the
close of which it is acknowledged that our statement
of last Saturday reflected accurately the crop situation.
To day the idea is becoming prevalent that there ha3
seldom been a better outlook for a good yield of small
grains.
Of course there is opportunity before the in­
gathering comes for many a set-back ; but such a start
as we now have is an assurance that very seldom fails.
Another incident has been higher foreign exchange.
Some people look upon that movement as unfavorable.
All we say of it is that it is a natural product of the
conditions and no indication under present circum­
stances of gold exports. With money at 1 per cent on
call and not always loanable at that— the penalty we
pay for “ cheap” and unredeemable currency issues—
added to the fact that this is the period of small merchan­
dise exports, and to the further fact that the fools and
the Anarchists have been getting together in convention
and fulminating their ignorant and vicious theories—
what else could be expected ? Besides, as we have often
remarked, the Syndicate has no interest in keeping
exchange lower than just inside the gold-export point,
and we think there is pretty good reason now to believe
that it will be kept there this year. One word more
we want to say with reference to that silver convention
in Illinois and the national movement it has marked out
for itself ; we should take it as a singularly hopeful cir­
cumstance and position if all of those who are so ignor
ant as to innocently advocate a silver basis for our cur­
rency, or who, knowing better, are so vicious as to seek
it, were to get together into one crowd or party.
Nothing could be more advantageous to a sound money
movement in this country than just such a situation.
We review further below the figures of bank clear­
ings for the month of May, and the record tes'ifies to
the great expansion in industrial activity which is
taking place.
The total of the clearings for the
month is nearly a thousand million dollars greater
than for the same month of 1894—in exact figures 964
millions greater. In ratio the gain is almost 25 per
cent— 24’7 per cent. Not unnaturally the gain is
heaviest at this centre and in the E ist generally. We



|VOL. LX J.

say not unnaturally because it is here that financial
transactions are most prominent and because the im ­
provement in trade to which the enlarged volume
of bank exchanges is in great measure due is especially
pronounced in the manufacturing and industrial
sections. There is still another reason why the com­
parisons are better in this part of the country, and
that is that the effects of last year's crop shortage
are felt less here than they are at
the
seat of the trouble.
Of course last year the
totals of the clearings were very small, but
even as compared with the earlier years the showing
is not bad. The aggregate is within 8 per cent of that
for 1893 and not quite 4 per cent less than for 1892..
The significance of such comparisons lies in the fact
that in these earlier years business was in a state o f
full activity, and furthermore that while prices o f
many commodities have latterly risen, they are never­
theless in not a few instances still below the valuearuling in the years mentioned ; as far as New York ie
concerned, too, the Stock Exchange Clearing House
was in 1893 at least only in partial operation— in fact
had barely begun its work at that time, its beginning
dating from the 17th of May of that vear. That in
view of all these facts the totals for 1895 should soclosely approach to the totals for 1893 and 1892 is
strong evidence that the volume of trade and business,
is large.
The action of the board of directors of the Chicago& North Western Bailway in reducing the dividend on
the common stock of the company wa3 clearly fore­
shadowed by the statement and figures for the calendar
year 1894, which we gave in an article in the C h r o n ­
icle of February 9.
As pointed out in our review o f
the Bock Island Bailway report on subsequent pages,.
Western roads during the late year have suffered in a
double way.
They have had to contend not
only with industrial depression but also with
a very extensive and pronounced crop failure..
As a result, their revenues have fallen off
in a striking manner, and though extreme
economy has been practiced, it has not been found
possible to avoid a very large contraction in net reve­
nues, involving consequently a curtailment of the divi­
dend rate. The North West., as will be remembered*,
had been paying 6 per cent per annum on its common
shares for a good many years. Last January the semi­
annual distribution was made 2£ per cent iastead o f
the previous 3 per cent, and now the company an­
nounces a payment of 1^ per cent the coming July*,
giving altogether 4 per cent for the twelve months.
This is a very good return for such a remarkable year,
and much better than was at one time thought would
be the case. Just what has been earned on the stock
from the operations of the road it is too early to say..
The fiscal year runs to May 3L and therefore ended
only tight day3 ago. At the annual meeting at Chi­
cago a very brief preliminary estimate of the probable
results was furnished, according to which it appears*
that, including the “ net earnings from free land
sales,” the income applicable to dividends is $2,887,705. Allowing for the requirement on the preferred
shares, this would show ab >ut 3£ per cent earned on the-;
common shares.
B inkers report loans of money and purchases of
paper at unusually low rates this week. The State o f
Massachusetts borrowed $500,000 in anticipation of
taxes from the Old Colony Trust Company for six:
months at 2 per cent. A New York stock commissionv

J u n e 8, 1895.J

THE CHRONICLE.

house has borrowed, on an exceptionally good line of
stock collateral, $250,000 at 2^ per cent for seven
months, and the borrower stated that this was the
lowest rate for the longest time of any domestic loan
made by him in many years. Some choice single-name
paper, having five months to run, has this week been
accepted at 3 per cent. Bankers report little demand
from the South for re-discounting as yet. Indeed,
re-discounting is slow even by banks who have the
greatest number of correspondents. There is a good
inquiry for money at Chicago and at other Western
centres on grain collateral at 4@5 per cent, and banks
at Chicago and at St. Louis are doing something in
the way of re-discounting for institutions in their par­
ticular localities, so that the paper does not reach this
centre.
Money on call, representing bankers* balances, has
loaned this week generally at 1 per cent, with some
loans for small amounts at 1£, but the average for the
week has been not over 1£ per cent. Banks and trust
companies quote 1 per cent as the minimum and some
obtain 1£ for new loans. The inquiry for time con­
tracts is light and the offerings are liberal.
Quotation s
are 1£@2 per cent for thirty to sixty days, 2 per cent f o r
ninety days to four months and 2£@3 per cent for five
to seven months on good marketable collateral, though
some lenders refuse high-priced industrial stocks and
Distillers. The supply of commercial paper is in
creasing and brokers report a general assortment of
very good names in the market and some indications
that the lowest rates have been recorded for the season.
The demand continues urgent, however, and the bept
names are promptly taken, some choice notes being
sold without the intervention of brokers. Quotations
are 2^@2£ per cent for sixty to ninety day bills receiv­
able, 2£@3£ per cent for four months* commission
house and prime four months* single names, 3@3£ per
cent for prime six months and 4@5 per cent for good
four to six months* single names.
The Bank of England minimum rate of discount re­
mains unchanged at 2 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
11*16 of 1 per cent. The open market rate at Paris is
I f per cent and at Berlin and Frankfort it is I f per
cent. According to our special cable from London the
Bank of Eogland lost £478,500 bullion during the
week, and held at the close of the week £37,021,876.
Our correspondent further advises us that the loss was
due to the import of £365,000 (of which £181,000 came
from Australia, £178,000 was bought in the open market
and £6,000 came from France), to the export of £225,000
(of which £120,000 went to South America, £LOO,000
to the Cape and £5,000 to Gibraltar), and to £618,000
sent to the interior of Great Britain.
The foreign exchange market has been firm this
week at gradually advancing rates for sterling, marks
and francs, due to the light offerings of bankers* and
commercial bills and to a good demand to remit for
settlements, some inquiry to cover bills previously sold
in expectation of lower rates, easy money, which tends
to prevent the drawing of bills to be covered later on
with cotton and produce drafts, and some demand for
cables by the arbitrage houses. The supply of bankers*
bills has been limited to drafts delivered this week
against some securities which were last week placed
abroad, though it is reported that the MorganBelmont Syndicate have been drawing against
securities. The bankers do not appear much con­
cerned regarding the situation, though nominal



985

rates have advanced to within half a cent per
pound sterling of the highest point of the year. A t
least one banking firm ventures the opinion that there
will be more liberal offerings of bills next week, pre­
sumably against securities. There is nothing what­
ever in the situation to excite the least reason to antici­
pate gold exports. The Morgan-Belmont Syndicate
still have control of the market, none of the bankers,
whether en rapport with the syndicate or not, have the
slightest intention of shipping gold, and even though
rates should still further advance it is almost certain
that none of the metal will be exported. The market
opened firm on Monday, when Brown B ros, the Bank
of British North America, the Bank of Montreal,
Heidelbach, Ickelheimer & Go. and the Merchants*
Bank of Canada. advanced their posted rates half a
cent and rates for actual business in sterling were moved
upward one-quarter of a cent, compared with Friday, to
4 87|@4 87| for long, 4 88^@4 88f for short and 4 88£
@ 4 89 for cable transfers. The tone was firmer on the
following day and then Baring, Magoun & Go., Heidel­
bach, Ickelheimer & Go. and Lazard Freres advanced
their nominal rates half a cent, while figures for actual
business in sterling were moved upward one quarter of
a cent and franc3 and marks were also advanced. On
Wednesday the tone remained fi-tn and Brown Bros. &
Go. and the Merchants* Bank of Canada moved their nom­
inal rates upward half a cent, while rates for actual busi­
ness further improved one quarter of a cent and francs
and marks were higher. On Thursday the market was
firm in the morniog and a shade easier in the afternoon,
because of some offerings of security bills, and the only
change in nominal rates was by Baring, Magoun &
Co. and the Canadian Bank of Commerce, who advanced
their rates half a cent. Figures for actual business in
sterling remained unaltered, but francs and marks
were again higher. Yesterday the Bank of Montreal
advanced its quotations half a cent, making the posted
rates uniform by all the bankers at 4 89 for 60 days
and 4 90 for sight. Among the securities announced
this week as having been in part placed abroad were
$5,000,000 Allegheny Valley 4 per cents, the books for
which were closed by Speyer & Co. on Wednesday, the
bonds having been subscribed for eight times over.
The following table shows the daily posted rates for
sterling by leading drawers:
Mon.,
Tues.,
Frl.,
May 31. June 3. June 6.
88
88-8*6
88*6
Brown B ros.... {
89**
89
89-9*6
88
Baring,
( 00 days.. 88
88*6
89
Magoun & Co. ) Sight...... 89
8**6
89
88*6-89
Bank British
( 60 d a ys.. 88 4i
90
No. Am erica..) Sight..... 89*6* 89*6-90
88-8*6
Bank o f
<60 days.. 88
88 >6
89*6
Montreal....... ) Sight....... 89*
89-9*6
Canadian Bank {60 d a vs.. 88*6
88*6
88*6
o f Commerce. ) Sight...... 89*6* 89*6
89*6
89
Ileldelbach.lck- ( 60 da ys.. 88
88*6
90
elbeim er& C o ) Sight......, 89
89 >6
89
88*6
88*6
Lazard Freres.. j gj^hV \ 89*2
90
89*6
Merchants’ Bk. ( eo d a ys.. 88
88*6
88*6
89
o f Canada.... ) Sight.....
89*6
89*6

W ed.,
Thnrs.,
June 5. June 0.
88*6-89 89
89*6-90 90
88*6
89
90
89>6
89
89
90
90
88*6
88*6
89*6
89*
89
88*6
90
89*6
89
89
90
90
89
89
90
90
89
89*6
90
90

F ri„
June 7.
89
90
89
90
89
90
89
90
89
90
89
90
89
90
89
90

* Saturday.

The market closed steady on Friday at 4 89 for sixtyday and 4 90 for sight. Bates for actual business in
sterling were 4 88£@4 88£ for long; 4 89£ @ 4 89£ for
short and 4 89£@4 89£ for cable transfers.
Prime
commercial bills were 4 87£@4 88 and documentary
4 87i@ 4 871.
We have referred above to the statement of bank
clearings for the month of May, and noted that the
improvement is particularly marked at New Y ork and
at the manufacturing centres in the Eastern and
Middle States. For the country as a whole the increase is
24*7 per cent, for the Middle States including New

986

THE CHRONICLE.

York it is 31*2 percent, for New York by itself it is 35*4
per cent. As we get further away from this section the
percentage becomes smaller as a rule. Thus for the
New England States the increase is 17*8 per cent, for
the Southern States 13*6 per cent, for the Middle
Western 12*6 per cent, for the Far Western only 3*5
per cent, while for the Pacific Coast section there is
actually a small decrease— 4*8 per cent. Iu the fol­
lowing we compare the clearings for four years at a
number of leading points. It will be observe! that
only four of the twenty-one points here included show
a loss from 1894.
BANK CLEARINGS AT LEADING CITIES.

rooo.ooo«

omitted.)
Hew York...
Chicago.......
Boston.........
Philadelphia
St. Louis....
Ban Fran’oo.
Baltimore...
Pittsburg...
Cincinnati...
Hew Orleans
Kansas City.
Milwaukee..
Louisville...
Buffalo........
D etroit......
MinneapoUs.
Omaha........
Providence.,
Cleveland...
Denver........
fit. Paul......

■May.-------------- N .— Janu ary 1
1895. 1894. 1893. 1892. 1895. 1894.
$
$
$
$
$
$
2,834 2,093 3,055 2,980 11,707 10,050
430
379
461
423 1,351 1,723
417
352
433
415 1,872 1,719
298
257
328
303 1,378 1,217
114
98
109
94
466
519
52
60
70
62
273
265
58
64
59
62
275
278
64
57
63
67
286
263
57
55
60
61
263
271
36
33
42
34
195
192
45
40
50
194
38
207
20
17
40
29
96
89
29
26
31
32
132
133
19
17
22
84
17
78
27
24
31
125
114
23
32
24
35
38
118
107
14
22
30
23
75
103
23
19
26
22
108
93
24
19
26
23
109
93
12
13
22
21
57
59
16
18
20
20
80
66

to M ay 31.— .

1893. 1892.
$
$
15,74116,102
2,197 1,975
2,161 2,029
1,593 1,591
492
534
325
320
309
325
321
310
311
302
244
218
235
1P4
194
133
169
154
99
77
157
135
159
153
113
148
134
114
114
128
101
105
102
101

Total........ 4,623 3,680 5,022 4,788 19,814 17,57* 25,364 25,068
Other oities..
241
220
260
244 1,167 1,086 1,327 1,215
Total aU... 4,864 3,900 5,282 5,032 20,98118,660 26,691 26,283
Outside N.Y. 2,031 1,807 2,227 2,052 9,274 8,610 10,950 10,131

When the aggregate of all points outside of New
Y ork is taken it is found that the ratio of gain is just
about half that for the country as a whole, being 12*3
per cent.
In all the previous months, too, there was
some disparity, though not to the same extent. The
reason for this has already been explained above.
MONTHLY CLEARINGS.

Clearings, Total AU.

Month.

1894.

1895.

January..
February.
March......

Z

Z

April have also been received this week, and these too
are generally quite favorable. The Erie reports $67,874
gain in gross, $74,854 gain in n et; the Buffalo Roch­
ester & Pittsburg $30,484 gain in gross, $14,050 gain
in n e t ; the Atchison (whole system) $38,325 gain
in gross, $117,125 gain in n et;
the Mexican
Central $74,335 gain in gross, $132,675 gain in
n e t ; the Illinois Central $113,059 gain in gross,
$153,591 in n e t ; the Denver & Rio Grande
$46,002 gain in gross, $31,932 in n e t ; the Louisville
& Nashville $34,375 gain in gross, but $57,420
loss in n e t; and the Southern Pacific $104,406 loss in
gross and $129,124 loss in net.
The Rio Grande
Western reports net of $71,566 against $55,517; the
Mexican International $92,227 against $45,031 ; the
San Antonio & Aransas Pass $22,582 against $11,182 ;
the New York Ontario & Western $78,517 against
$49,152; the St. Paul & Duluth $18,4411 against $20,853 ; the Toledo & Ohio Central $38,292 against
$52,435, and the Mexican National $163,639 against
$156,150.
j 1 nrf?
1895.
Name o f Road—
$
At. Top. & S. F e ...............
3,311,248
Net
678,753
Buffalo Roch. & P itts ...
246.775
82,382
Net
Denver & R io G ran d e....
546.470
227,559
Net
Illinois Central..................
1,460,484
Net
426,933
Louisville & N ashville... ...G ross 1,432,284
Net
383,441
Mexican Central..............
770.595
Net
312,839
M exican International...
218,601
Net
92,227
Mexican National.............
367.987
Net
163,639
N. Y. Lake Brie & W est..
2,017.248
Net
623,800
N. Y. Ont. & W estern.......
285,563
Net
78,617
Rio Grande W estern.......
195.073
Net
71,666
St. Paul & D uluth............
99,184
18,441
N et
San. A nt & Arans. P a ss...
160.975
Net
22,582
Southern Pacific....... .........
3,623,161
1,075,064
Net
T oledo & Ohio Central...
133,565
Net
38,292

1894.
Z
3,272,923
561,627
216,291
68,332
500,468
195.627
1,347,425
273,342
1.397,909
440,861
696,259
180,164
155,494
«5,031
361,789
156,160
1,949,374
448,845
251.285
49,152
169,460
56,616
89.052
20,b53
134,995
11,162
3,727,567
1,204,178
144,14 3
52,435

1893.
*
3,912.176
1,118,630
321,6-5
115,078
652,834
248,072
1,542,998
383,711
3.676.503
482,963
725,278
291,722
181,226
37.7C1
368.811
128,415
*2.378,066
*751,217
285,*21
69,236
200,035
76,055
136.052
28,261
160.181
13.138
3,P0«.204
1,235,261
161,954
51,10*

1892.

Z
3,673,888
1,089,145
285.494
97,948
624,680
236,299
1,410,308
253,023
1,623,027
4 «9,087
659,849
211,118
153,901
62,292
332,097
106,165
*2.495.235
*809,102
281,484
71,137
212,95
74,161
137,418
31,743
-VV t•*«
3,752.620
1,276.701
158,862
60,478

* Figures fo r 1893 and 1892 given on a basis slightly different from that fo r the
other years.

Clearings Outside New York.
P. Ct.

V ol. LX.

1895.

1894.

Z

Z

P.Ct.

4,407,442,660 4,060,598,771 +8'6 2,012,770,245 1,895,034,715 +0-2
8,411,146,45:1 3,210,442,334 +6-Ü 1,546,705,22« 1,486,402,544 +4-1
4,038,238,490 3,760,337,261 +7-4 1,797,497,475 1,711,525,713 + 5 0

1st quar.. 11,856,827,603 11,031,378,369 +7-5 5,356,972,946 5,092,962,972 +5*2
April........ 4,259,820,786 3,728,423,077 -(-14-3 1,886,341,807 1,710,104,889 110-3
May.....
4,884,357,885 3,900,473,922 +-24'7 2,030,511,245 1,807,338,51« -t-12'3

The following statement gives the week's movement
of money to and from the interior by the New York
banks.
Week Ending June 7,1895.

Received by Shipped by
N, F. Banks. N. F. Banks

Net Interior
Movement.

4,782,000 $2,019,000 Galn.$2,763,000
725,000
300,000 Gain. 425.000

Total gold and legal tenders...... $6,507,000 $2,319,000 Galn.$3,188,000
On the New York Stock Exchange of course the
month was a very active one. We have reviewed the
With the Sub-Treasury operations cue result is as
business of the Exchange in our article in the Q u o t a ­ follows.
t io n S upplem ent , and therefore present here our
Into
Out Of
Net Change in
Week Ending June 7,1895.
usual customary summary without further comment.
Banks.
Banks.
Bank Holdings.

BALES OF STOCKS AT THE NEW YORK STOCK EXCHANGE.
1895.

Month.

Jan....
Feb....
March.
Istqr

Number
of Shares.
8,248,903
3,024,032
5,128,539

1894.

Values.
Par.

Actual.

Z

Z

318,422,500
300,814,750
499,445,800

11,396,476 1,118,183,050

Banks’ interior movement, as above «5,507,000 $2,319,000 Gain.$3.188,000
15,700,000 13,800,000 Gain. 1,900,000
Total gold and legal tenders...... $21,207,000 $16,119,000 Gain. 6,088,000

Number
of Shares

192,636,084 4,519,463
186,106,308 3,173,527
301,268,171 4,755,383

Values.
Par.
Z
445,082,520
810,597,250
464,925,000

Actual.
Z
257,323,270
186,671,536
281,106,748

680,010,563 12,448,373 1,220,604,77«

725,101,554

April... 5,036,710 482,468,355 271,711,290 4,024,651 396,238,50«
May.... 8,932,707 859,162,950 463,888,576 4,808,808 465,310,000

219,543,822
324,365,70

Our review of railroad gross earnings for the month
of May will be issued next week. Preliminary totals
which we have prepared this week show that the result
will be quite satisfactory ; returns have been received
thus far from 82 roads, and the gain on these reaches
608 per cent. Quite a number of returns of net for



The following table indicates the amount of bullion
In the principal European banks this week and at the
corresponding date last year.
June 6, 1895.

Bank of
Gold.

France...........
Germany.......
A ust.-H ung’y
Spain..............
N etherlands.
Nat. Belgium.

Silver.

June 7, 1894.
Total.

£
£
£
37.021.876 ............. 37.021.876
82,Ì62,083 51,043,801133.305,834
38,205.0,-0 15,604,470 53,8«9.550
19,248,000 13,532,000 32,780,000
8,004,0o0 12.500.000 20,504,000
4,293.000 7,053,000 11,346.000
2,831,333 1,4:15,007 4,247,000

Gold.

Silver.

£
£
87 030,590
71.185,000 51.155,000
33,207,000 13,563,000
10,265, iOO 16 349 000
7,918,000 8.735.000
4,514.00« 7 028 000
2,981,000 1,191,000

Total.
£
37 ORO 590
122,340,000
46,770,000
26.614,000
16,653,000
11,512,000
4,473,000

Tot.this week 191,865,312 101148938 293,014,260 167.131.590 98,321,000 765,452,590
Tot. prev. w’ k 193,11«,<530 100147490 291.563,720 165 977,613 93.177 2«7 264.154.880

J unk 8, 1895.]

THE CHRONICLE

987

still unpaid. On Friday of last week the gold pay­
ments on foreign account had reached $14,545,973.
T R E A SU R Y SITUATION AND
PROSPEC­ When writing two weeks ago with reference to these
matters we assumed, on the faith of a Washington dis­
T I V E REQUIREMEN1S.
patch, that only 10 million dollars were still due from
it will be noticed by reference to our usual statement
the Syndicate. If that- statement was correct, and in­
of Government’ revenue and expenditures (given to-day
asmuch as the subsequent arrivals of foreign gold down
in our Miscellaneous News Department, page 997),
to June 1 were about two million dollars, the unpaid
that the excess of expenditures over receipts in May,
balance on June 1 may be assumed to be 8 million dol­
including the national bank note fund, was $4,151,000, and excluding that fund it was $3,287,000. lars. Adding this latter item to the first of June
Treasury balance would bring the amount available at
These figures will be modified to some extent the be­
ginning of another month, for the Treasury Depart­ that date up to about 193 million dollars, and deduct­
ment always revises the previous month's statement ing the 31 millions of deficit during the suc­
when it issues the figures for the last month. It will ceeding seven months we have left an available
be noticed, for instance, that April receipts are given balance still in the Treasury on January 1 1896 of
to-day at $26,842,000, whereas a month ago they were 162 million dollars. This result of course is not
stated at only $25,014,000; hence the deficit in April, exact. On the one hand no account has been taken of
as now revised, is only $7,238,000 (instead of $9,066,- any increase in revenue, which for the reasons we have
000 as it stood before the revision), including $5,520,000 on so many previous occasions shown was to be anticipa­
of interest paid that month, against $1,751,000 of in­ ted, while on the side of disbursements no allowance has
terest paid in May. Deducting the interest payment in been made to meet any special calls for extra funds on ac­
each case— which as is known varies greatly from count of certain appropriations, the payment of which,
month to month— leaves the deficit on account of the it is claimed by some, has been deferred during the
ordinary payments only $1,718,000 in April and $2,- period of short income— a claim which may be true,
for it is not unreasonable. However though that may
400,000 in May.
There is nothing at present in the Treasury situation turn out, we think the balance on January 1 1896 as
of so much interest to business classes as the facts re­ we giye it is more likely to be added to than diminished
lating to the Government deficit and cash balance. It by these undeveloped quantities and certainly affords
is for this reason, and because the situation is so fre­ assurance that Congress will have abundant opportunity
quently misinterpreted, that we often call attention to to study the question of more revenue before it becomes
that feature in reviewing the monthly reports of the urgent. In the meantime it may be found, if busi­
Treasury Department. On the present occasion we ness goes on improving according to the present out­
need not make any extended analysis, for it was only look, that the yield of the existing laws is all-sufficient
two weeks ago in speaking of the income tax decision for the needs of the Government.
The Treasury net gold holdings is another interest­
that we reviewed the situation at length. Each
ing
item. Indeed it is not only interesting, but its
month's developments, however, add something to the
course
since the Morgan and Belmont contract was
stock of information affecting the outlook. Thus it
made
with
the Government has been absolutely mar­
happens that the revised figures of the April deficit
velous.
Through
that contract those bankers— taking
given above are highly interesting because so very
the
Treasury
at
a
time
when if tested by the Govern­
much smaller than the receipts a3 originally reported
ment
credit,
by
its
lack
of
resources, and by the offices the
indicated.
The chief importance of this change of the April fig­ Treasury had to perform, it was on the verge of bank­
ures is that it authorizes a material reduction in the aver­ ruptcy, and when likewise the business of the country
age deficit we adopted in making our estimate for future was paralyzed—have brought both the Treasury and
months. Moreover a much lower average finds added commerce into the present secure and promising con­
support in the May balance; indeed judged in the dition. But we need not repeat the facts— they are
light of these two months, April and May, as now re­ all fully recorded in the pages of the C h r o n ic l e . It
ported, it looks as if the future ordinary monthly is sufficient to say that just after a previous bond sale
Government deficit (by ordinary we mean to include and on December 1 1894 the reported gold balance
all items except interest) would not exceed 2 million was $105,424,569 ; but on February 1 1895 it had
dollars. Estimated on that basis the failure of the fallen to $44,705,967 ; on February 12 it had dropped
receipts to meet the disbursements during the remaining to $41,340,181; on March 1 it reached $87,085,511 ;
seven months to January 1 1896 would only aggregate on April 1 it was $90,643,307; on May 1 it
14 million dollars. As to the interest account, the was $91,247,144; and now, on June 1, it has
amount falling due in July is about 7-J- million dollars, reached $99,151,409.)
This constant and steady upward movement of the
in October it is about 5£ million dollars and in all the
Treasury
net gold holdings since the Syndicate's work beother of the seven months it aggregates about 4 million
ganhas
been
its most notable feature, and the other fea­
dollars, or a total to January 1 of about 17 million
ture
hardly
less
notable has been a rapid business develop­
dollars.
Adding this to the above 14 million dollars
makes for the remainder of 1895 an aggregate deficit ment, keeping close step with the growing strength of
of 31 million dollars.
Hence if that amount be the Treasury. After experiencing so great relief and
deducted from the stock of money the Treasury has in gain by the restoration of the Government credit, it
hand June 1 and had owing to it by the syndicate on passes comprehension how the desire to again involve
the bond purchase at the same date, the remainder the country's finances with an increase of “ cheap **
would be a minimum estimate for the available Treas­ money and a change from a gold to a silver standard
can possess any considerable class of our people. It
ury balance on the first day of the new year.
The Government's actual available balance stood on is welcome news that this frenzy born of ignoranct
June 1 at $185,370,100. The Syndicate accounts are and which has had only a brief run is now obviously
so kept that it is difficult to say just what amount is on the decline




988

THE CHRONICLE.

There are no other features in the Government ex­
hibits issued the first of "June calling for special notice.
The funded debt statement is without change except
$300 added to the old" four per cents, due to the con­
version of $200 and interest of the refunding certifi­
cates issued February 26, 1879. No more of the bonds
under the Syndicate contract appear this month than
the $31,157,700 given in the debt statement of last
month. We have been informed by an officer
of one of the Syndicate banks that the Messrs.
Morgan and Belmont are preparing to close up their
arrangements with the Government on or about the
15th of July instead of August 15th. The object, we
are told, in thus anticipating the final settlement is
that they may obtain and deliver to the European sub­
scribers the bonds for which they have contracted.
Below we give our usual table of Government cash
holdings on the 1st of June and on three previous
monthly dates. These are the figures we have referred
to in the above remarks, except the receipts and dis­
bursements, which, as already stated, will be found in
the Commercial and Miscellaneous News Department.
Feb. i , ’95. Mch. 1, ’95.
Holdings in Sub-Treasuries—
$
$
N et gold coin and bullion............. 44,705,967 87,085,511
N et silver coin and bullion........ 14,388,985
16,207,191
N et U. 8. Treasury notes............ 33,571,316
36,455,457
N et legal tender notes.................. 52,056,673
47,767,758
N et national bank notes.............. 6,333,175
5,154,293
16,181,145
Net fractional silver.................... 15,481,586

May 1, ’95. June 1,’95$
f
91,247,144
99,151,409
21,497,273 25,395,767
27,743,971 80,089,473
41,992,111 81,497,984
4,959,625
4,899,226
16,516,559
16,589,443

Total Cash in Sub-Treas’s,net.l66,535,702 208,801,365 203,956,683 207,623,292
A m ount in national banks.......... 14,629,738 15,222,883 16,443,885 15,803,577

Cash in banks & sub-treas..l81,366,440 224,024,238 219,400,568 222,926,669
D educt other liabilities* net... 36,762,136 45,826,652 38,582,652 37,556,569
A ctual cash balance...........144,603,304 178,197,586 180,817,916 185,370,100
* “ Chiefly disbursing officers’ balances.”

THE R E P O R T OF THE ROOK ISLAND.
If anything were needed to show how trying the last
twelve or fifteen months have been to the Western roads*
the annual report of the Chicago Rock Island & Pacific
Railroad for the fiscal year ending March 31, issued
this week, would furnish striking proof of the fact.
And the preliminary annual statement of the Chicago
& North Western for the year ending May 31, also made
public this week, would serve to make the demonstra­
tion complete,
Both roads reveal very plainly the effects of the
unfavorable conditions prevailing in the results of their
operations. We refer to the North West, figures in
another place, and it is only necessary to say here that
even after including the net income from land sales
the company shows only 3£ per cent earned on its com­
mon stock after allowing for the usual dividend
on the preferred stock.
The Rock Island his
no preferred
shares, and the annual report
shows but 1*26 per cent earned on the stock. In
other words, the company had only $583,141 avail­
able on the operations of the twelve months out of
which to pay dividends on the $46,155,800 of stock
outstanding. It was fortunate that through the reor­
ganization of the Minneapolis & St. Louis Railroad
the company received the back interest on its holdings
of bonds in that road. These accumulations of interest
amounted to $746,680, and in addition the Rock Island
realized $407,400 more as premium on Minneapolis &
St. Louis bonds sold, making a total yield of $1,154,080,
which has been added to the income for the year. The
principal of the debt has not of course beep counted
as part of the income. This latter has gone to swell
the total of cash on hand. The company is now pay­
ing quarterly^dividends of only £ per cent, but the




fVOL. LX.

actual amount paid out of the year's income was 3 per
cent, calling for $1,384,674. As the net earnings avail­
able for dividends amounted to only $583,141, there
would have been a deficit of $801,533 except for the
income from the Minneapolis & St. Louis, which has
served to turn this deficit into a surplus of $352,547.
Gross earnings fell off from $21,039,073 to $17,420,816. This is a very remarkable reduction, the decrease
being $3,618,257, or not far from 17£ per cent. The
company practiced very close economy of course, and
managed to reduce expenses nearly 2£ million dollars.
Bat even with this great saving in expenses the net
was cut down, roughly, 1£ million dollars, leaving the
amount of the same for 1894-5 only $4,738,555,
against $6,061,594 for 1893-94. Charges were somewhat
larger than in the year preceding, and the effect of all
these changes was that there was a balance for the
stock in the late year, as already said, of only $583,141,
against a balance for 1893-94 of $2,054,731.
The
surplus above the dividend in this latter year was
$208,499 and for 1892 93 $201,821; in both cases, how­
ever, after the payment of 4 per cent dividends. T o
sum up, therefore, in 1895, after the inclusion of $1,154,080 of back interest, &c., received from the Minne­
apolis & St. Louis and with dividends only 3 per cent,
there is a surplus of $352,547, while in both 1892-93
and 1893 94 the year's surplus was over $200,000,
with no exceptional item of income and with dividend
payments of 4 per cent.
Considering the conditions which prevailed, the re­
sult is not very strange after all. We noted in our
review for the previous year that the showing
for that year had been exceptionally good, there hav­
ing been a slight gain iu both gross and net in the face
of the panic. The favorable result was due in part te
the extra passenger traffic derived from the holding of
the World's Fair at Chicago. What the road gained
in this way in 1893-94 it lost in 1894-95, and very
much more too. The course of the passenger earning9
in the last three years is interesting in view of that
fact.
These passenger earnings amounted to $4,338,053 in 1895, to $6,538,568 in 1894 and to $5,843,146 in 1893. The volume of the traffic shows much
the same general results. The company earned 4,611,127 passengers in 1895, against 5,768,441 ia 1894 and
6,024,272 in 1893, and the passenger movement one
mile was 193,153,346, against 329,360,986 and 264,874,980 respectively.
The loss on the passenger revenues was larger
than the loss in the freight receipts, but the latter
followed a decrease in 1894, though in that year
the falling off was comparatively small.
The
freight revenues were $11,206,686 in 1895 and $12,852,979 and $13,302,196 respectively in 1894 and 1893.
The decrease of course is easily explained. Our in­
dustries were depressed all over the country, and the
volume of trade and busints3 shrank with the con­
tracted wants of the population.
Then the crops,
which are such an essential factor with Western roads,
were an almost complete failure in certain sections.
About two-thirds of the company's mileage lies in the
States of Iowa and Kansas. Not to speak of the other
crops, the former State produced only 81,344,010
bushels of corn in 1894, against 251,832,150 bush­
els in 1893, and Kansas 41,797,728 bushels of the
same cereal against 139,456,702 bushels. The road also
suffered in its through traffic from the poor crops in
the surrounding sections, some of which fared even
worse than Kansas and Iowa. In Nebraska, for in*

J une 8, If »5.]

989

THE CHRONICLE.

stance, portions o f the people were left in an actually
-destitute condition.
Tbe Rock Island system, it will
foe remembered, embraces two through routes, one
through Omaha to Denver and the other through Kan­
sas City into Texas and the Southwest. Doubtless ex­
cept for the traffic derived from its new extensions into
the latter territory, the loss in the freight revenues
would have been still greater.
In the aggregate the
Toad moved 6,227,105 tons of freight in the late year,
against 7,056,579 tons in 1894 and 7,479,287 tons in
1893, and the tonnage movement one mile was 1,07L,763,263 tons, against 1,288,576,685 and 1,264,387,796
tons respectively. The average rate per ton per mile was
.a trifle higher in the late year, but that does not indi­
cate that the road actually received better rates; the
slight increase follows solely from the great falling off
in the classes of traffic taking the lowest rates. The
average is small even after the increase, being 1’05
cents, against 1*00 cent in 1894 and 1*05 cents in 1893.
With reference to the Texas extension, which is
known as the Chicago R ick Island & Texas, it is
treated as a separate and distinct system, to conform
with the Texas laws, and its operations and accounts,
therefore, do not form part of those of the Rock
Island proper. Speaking of this line, the report says
that besides being a valuable feeder to the parent
system it has earned and paid interest on its entire
cost of construction.
In view of the fact that the road has had to contend
simultaneously with poor crops and with general in­
dustrial prostration, an analysis of the freight traffic
will be both interesting and instructive. In the fol­
lowing we have followed the plan pursued in other
years and classified the leading items of freight in two
groups, the first group comprising the tonnage in grain
and live stock, and the second group the tonnage de­
pendent more or less on general industrial activity.

The fiaauces of the company are in better shape
than ever. The reorganization of the Minneapolis &
St. Louis has enabled the company to realize on assets
which had long been in a dormant state. The balance
sheet shows $3,865,651 of cash and cash assets against
only $152,651 a year ago. Of course the amount of stocks
and bonds of connecting roads held has been diminished
through the Minneapolis & St. Louis transaction, and
now stands at $6,109,487 against $8,736,390. There
are only $617,529 of accounts payable, with $761,835
of accounts receivable. $1,500,000 of debenture bonds
were put nut during the year and $26,009 of 5 per
cent extension bonds were bought for the sinking fund.

CENTRAL

P A C IF IC AND IT S
IN D EB TED NESS.

SU BSID Y

The appearance of the annual report of the Central
Pacific (tbe report was printed in the C h r o n ic l e of
last week) directs attention anew to the nee 1 for an
adjustment of the company’ s relations with the United
States. Unlike the Union Pacific the Central Pacific
has thus far been able to keep out of the hands of
receivers and is not in default on any of its interest
obligations. In some other respects also it holds an
advantage. The Union Pacific system, owing to the
failure of Congress at its last session to make pro­
vision for arranging the subsidy debt, is rapidly under­
going disintegration. The Central Pacific on the other
hand still holds its old place as part of the Southern
Pacific system (to which it is leased), and this system
is operated in the same way and by the same people as
before. Nor are there such numerous divisional liens
as in the case of the Union Pacific. It follows that in
reaching an agreement there will be a smaller pro­
prietary to consider and also a smaller number of lien
holders.
Nevertheless the situation is no less urgent than in
TONNAGE OP LEADING ITEMS OP FREIGHT ON BOCK ISLAND.
1890-1. the Union Pacific case.
1891-2.
1892-3.
1393-4.
1894-5.
In some respects the urgency
Tons.
Tons.
Tons.
Tons.
Tons.
Group I .
247,250
133,997 is even greater.
427,123
218,933
1 3.202
'Wheat*..........
One
instalment
of the United States
543,214
573,084
515,627
614,661
284.6/2
310,437
323,008 subsidy bonds issued in aid of the Central Pacific has
275,817
26 1,606
O a ts............... . 163,968
641,842 1,180.250 1,218,567 1,180,771 I,0<i0,2l9 already fallen due, and on the 16th of January the
287,189
234,415
390,849
336,128
•Cattle............ . 338,142
218,034 Government had to pay off such bonds to the principal
162,927
183,058
170,519
H o g s ............. . 199,202
On the 1st of July $2,995,000
1,179,186 1,741,618 1,717,622 1,651,018 1,502,683 amount of $2,362,000.
w o u p 11 .
Coal and coke.1.513.463 1,736,530 1,808,076 1,565,587 1,328,852 of the 6 per cent first mortgage bonds (a prior lien to
623, 963
696,151
730,510
640,545
585.935
Merchandise
44->,542 that of the Government) mature, and the company has
646,521
561,3 47
541,010
Xiumber.lath.eto.440,728
225,9s6
267,562
322,777
231,264
Stone............. . 248.340
259,087
177,03 > just made arrangements through Messrs. Speyer & Co.
308,450
162,906
B rio k ........... . 164,687
214,007
2
7,248
256,401
189,860
i r o n ............... . 220.822
131>,076 to extend these bonds for 2£ year3 at 5 per cent inter­
161,665
200,080
140,979
Sand and gravel 148,454
The extension is to the date when the last instal­
3,322,429 3,643,144 4,272,815 3,725,406 3,164,697 est.
ment
shall mature. Thus already a part of the Gov­
We see reflected in the foregoing the effects both of
ernment
debt and also a part of the debt preceding it
the crop failures and of the bad times. Tne road
i
a
lien
has
had to be provided for. The sinking fund
•carried only 193,202 tons of wheat in 1895 against 218,in
the
United
States Treasury sufficed to meet the first
•983 tons in 1894 and 427,123 tons in 1893, in which
instalment
of
the Government debt, but as subsequent
year the tonnage from the Kansas wheat crop of 1892
had been exceptionally large; of corn the tonnage was instalments fall due this resource will not long be avail­
only 284,672 tons, against 694,661 tons and 515,627 able, since the sinking fund is comparatively speaking
tons, and the oats tonnage also shows a decline. The not large, amounting to only $5,700,108.
It is of course well understood what is the reason for
live-stock traffic makes a very good comparison, owing
no doubt to the building of the Texas extension. Of the state of things in which the Central Pacific in com­
cattle 338,142 tons were moved, against 390,849 tons and mon with the other Pacific roads finds itself. The
336,128 tons, and of hogs 199,202 tons, against 170,519 reason is that the requirements of law have been insuf­
tons and 162,927 tons. Taking now the items of ficient to provide for the indebtedness at maturity.
traffic in group II, we find that of coal and coke the These requirements have fallen far short even of meet­
amount was only 1,513,463 tons, against 1,736,580 tons ing the accruing interest charges from year to year.
and 1,808,076 tons, of merchandise 585,935 tons, The result is that the accumulations of interest have
against 640,545 tons and 730,510 tons, and of lumber, been becoming larger each year, and now exceed in
laths and shingles 440,728 tons, against 541,010 tons their aggregate gross amount the principal of the debt.
and 646,521 tons, but it is noteworthy that all the other So it is not the original amount of the subsidy loan
items —stone, brick, iron and sand— show an increase. which the company is called upon to pay but the




990

THE CHRONICLE.

amount of such loan plus all the unpaid accumulations
of interest— a vastly different undertaking.
It will be well to stop a minute and compute the
a£jgregate of this debt, principal and interest. The
United States issued altogether $27,855,680 bonds in
aid of the road— $25,885,120 to the Central Pacific and
$1,970,560 to the Western Pacific. In the thirty years
since the bonds were put out the Government has paid
no less than $43,505,553 in interest on the same. By
transportation services and by payments out of cash
the company has repaid $7,867,229, leaving an unpaid
balance in the sum of $35,638,324. The amount of
the loan, as stated, was $27,855,680, thus making the
gross aggregate of the debt on January 1 $63,494,004.
As against this the sinking fund in the United States
Treasury is $5,700,108 ; in addition there is due from
the Government to the company on claims allowed by
the accounting officers of the Treasury for transporta­
tion services performed prior to June 30, 1892, the sum
of $3,974,646, and the company claims $899,783 more
as being due it for the period since then, making total
offsets of $10,574,537, but still leaving a net debt of
$52,919,467, of which only $27,855,680 represents the
original principal of the loan.
When the amount of this debt as enlarged by the
accumulations of interest is shown, it becomes plainly
evident that it is out of the question for the company
to meet B, or in case of an extension to pay any but a
very low rate of interest on it. And this we believe is not
disputed anywhere. The only question is whether it
would be better for the Government to take the prop­
erty rather than to make a settlement with the com­
pany on terms within its ability to meet. Only a little
investigation is needed to show that there is nothing to
be said in favor of the former proposition.
It is sometimes argued that the Pacific roads have
only themselves to blame for their present troubles,
that they should have made provision for their debts
long ago.
That no doubt is the way it ought to have
been done— if possible. But this view ignores the
fact that Congress by devising a method of its own
in effect took the matter out of the hands of the com­
panies. For the Central Pacific it is claimed that
various plans for taking care of the debt were proposed
by the management at different times but were all
rejected.
It has long been evident that the Thurman
Law was entirely inadequate to the requirements, yet
the National Legislature allowed things to drift and
failed to change the law.
In the meantime the com­
panies observed the law just as it was, and fulfilled its
every requirement. As concerns the making of
further and independent provision to the same end,
no less a person than Mr. Charles Francis Adams,
when President of the Union Pacific, thought that in
building an extensive system of branch and tributary
roads and holding the securities of such branch roads
in its treasury, the Union Pacific was making the
strongest kind of preparation for taking care of the
debt— providing at once new sources of traffic, while
strengthening the treasury of the company.
There is still another consideration to take into ac­
count, and that is as to the ability of the companies to
have paid more than the law required them to pay.
The experience of the last few years has shown that it
was indeed fortunate that the annual payments under
the law were not larger, for the companies would in
that event have found it difficult if not impossible to
meet them. Back in the early eighties there were a
few very prosperous years when increased annual pay­



[V ol. LX

ments would have imposed no hardship and should
have been made. But in the more recent years the
situation has been entirely different. This is well
shown by the income account of the Central Pacific for
the late calendar year. The Government requirement
for that year was only $599,700. If we add to this
$256,397, which appears to have been the increment of
the sinking fund in the United States Treasury during
the year, we get $856,097 as the total contribution from
the company towards the payment of the year’ s interest
on the subsidy indebtedness. But as this subsidy debt
amounts to $27,855,680, and as the Government is pay­
ing 6 per cent interest to the holders of it the charges
on it for the twelve months were $1,671,340, so that
for this year alone the company fell over $800,000
short of meeting the accrued interest on the debt. And
yet though the payments to the United States were so
small, the income account for the year shows a surplus
of only $144,594.
Of course, owing to the bad times, both gross and
net earnings have fallen off heavily during the last
three years, but if we would understand the reason for
the company’s inability to make larger yearly payments,
we have only to compare the gross and net revenues for
1894 with those for 1880, fourteen years before, as is
done in the following :
CENTRAL PACIFIC GROSS AND NET EARNINGS.

1894.
Gross earnings..................................$13,022,971
Operating expenses........................ 8,168,858

1880
$13,119,560
5,530,475

Net earnings................................ $4,954,113
Ratio of earnings to expenses........ (62-73%)

$7,589,085
(42-15%)

Thus gross earnings in 1894 were actually a trifle lets
than in 1880, while in the meantime expenses increased
from $5,530,475 to $8,168,858, and the ratio of
expenses to earnings rose from 42 T5 per cent to 62*73
per cent, leaving net of only $4,854,113 in 1894 against
$7,589,085 in 1880. Now what does this increase in
operating cost mean ? It means that in 1894 rates
were so much lower than in 1880 that to yield the
same amount of gross revenue the company had to do
an immensely larger amount of work, involving of
course greater expenses. What accounts for the lower
rates? Chiefly increased competition. And to what is
the increased competition due ? Mainly to the build­
ing of new trans- Continental lines, encouraged and fos­
tered by the policy of the Government in subsidizing
them with land grants, etc. The opening of these new
lines had a double adverse effect on the older routes j
it diverted traffic from them, while at the same time
operating to reduce rates. It follows that the company
can hardly be held responsible for the unsatisfactory
net results, which may be ascribed to causes and cir cumstances beyond the control of the management.
But it may be asked has not the Southern Pacific
developed at the same time a large business over its
southern route. Yes. But that is in great part traffic
for which the Central Pacific line, by reason of its
geographical position, could not be used. It is traffic
made up of fruits and other products of California, on
which the all-rail charges to the Atlantic seaboard
would be altogether too high. The managers of the
Southern Pacific early recognized this, and hence they
seoured lines with outlets to the sea at New Orleans
and Galveston, at which points they are able to avail of
cheap water transportation over their own lines of
steamers. As bearing upon the general question whether
the Southern Pacific has built up its own roads at the
expense of the Central Pacific, the opinion of Sir
Rivers Wilson may well be accepted as conclusive. Sir

J u n k 8, 1895.

THE CHRONICLE.

Rivers as will be remembered was especially delegated
by the Central Pacific shareholders last autumn to
make an investigation into the affairs of the road, and
speaking on the point in question he said : “ I have
thought it well to give particular attention to the dis­
tribution of traffic between the two companies, and I
think it will be conceded that there do not appear to
be sufficient grounds to support the charge of unfair
diversion of traffic from the Central Pacific to the
Southern Pacific.”
It is therefore plain that the company’ s net revenues
must be accepted as the measure of its ability to pay.
On the basis of the late year’ s requirement under the
Thurman Law the annual payment would be $599,700,
which is but little more than one per cent on the
$52,919,467 net amount of debt figured above as now
owing to the Government. But with the Government
debt question settled, the 28£ millions of 1st mortgage
bonds now bearing 6 per cent interest could no doubt
be refunded at a much lower rate of interest— say at 4|
per cent— and the amount of the bonds would at the
same time be reduced through the sinking fund accu
mutations now held against the bonds. Possibly in
this way a saving of $650,000 per annum could be
effected, which added to the $599,700 would make
about $1,250,000. Even this latter, however, would
be barely 2^- per cent on the net amount of the debt,
principal and interest, though of course in good times
the company could doubtless afford to pay more.
It is thus evident that the basis of an agreement must
be that so many times suggested within recent periods,
namely the extension of the debt for a long term of
years at a very low rate of interest.
Consider for a moment what the alternative course
would mean— the taking of the road by the Govern­
ment for the debt. The Government would then have
to pay off the 28-J- million dollars of prior liens, increasing
its investment in the property from 53 millions to 811millions. And what would the Government have to
show for this investment ? Not the 1,360 miles of the
Central Pacific as it now exists but simply the 860
miles of subsidized lines extending from Ogden to San
Jose. It would not even have a terminus at San
Francisco. It would have no feeders and be without
connections at either end.
Supposing that at the
same time the Government took possession of the
Union Pacific lines, the only effect would be to extend
the eastern terminus from Odgen to the Missouri
River at Omaha and Kansas City, at which latter
points the Government would be nearly as helpless as
at Odgen. What could the property be made to earn
under such conditions.
Certainly not more than a
fraction of what it earns now. Leaving out of consid­
eration altogether, therefore, the question of exped­
iency, as a practical business proposition the Gov­
ernment will do better by agreeing to a settlement on
fair terms. It would in that event at least be put in
position to obtain all the net earnings of which the
property is capable, which is the very most it could
obtain anyhow.
Before closing we would refer to certain considera­
tions of equity which deserve also to be kept in mind.
Under the conditions existing at the time the road was
built the cost was made very heavy. In a letter which
Mr. Huntington addressed last January to Mr. Reilly,
the Chairman of the Committee on Pacific Railroads of
the House of Representatives, he pointed out some of
the difficulties and expenses which attended the con­
struction of the road. Supplies and machinery had to



991

be ordered more than twelve months beforehaud, as
they had to be first manufactured, then shipped around
Cape Horn, a distance of 17,000 miles, with freight rates
exceedingly heavy and insurance high. From San Fran­
cisco the supplies had to be reshipped in small sailing
vessels to Sacramento, and thence had to be transported
by cars, in some cases nearly half way back across the
Continent. Cross-ties, says Mr. Huntington, which
cost fifty cents each in the forests of Michigan, after
being hauled 1,500 miles at a further expense of $2 or
more to the summit of the Rocky Mountains, were
burned in piles to keep the laborers and their armed
escort from freezing. Snow galleries erected on the
Central Pacific in the Sierras for many miles cost from
$25,000 to $150,000 per mile. Mr. Huntington also
notes that the bonds issued to the road were currency
bonds; that as gold was at a premium, these currency
bonds were looked upon with doubt, and that the
Comptroller at that time ruled that they were not
available as security for bank note circulation. When
the 1862 act was passed the bonds were worth their
face value in gold, says Mr. Huntington; before the
road was completed they had declined to 90 cents in
currency, or about forty cents in gold. The Central
Pacific realized less than $18,000,000 in coin for the
$25,885,120 bonds issued to it, and it had to pay gold
for everything it bought in California, some of the ma­
terials costing the company as high as $2 22 in currency
for one dollar of gold.
These are all facts with which the present generation
is not familiar. Y et the Government and people of
the United States, who benefitted so largely through
the opening of this first rail route to the Pacific Ocean,
would not be justified in leaving them out of account
in dealing with the road. Congress, is not in session
now, but political quiet prevails at present and hence
the time would appear to be favorable for a calm and
careful study of the whole subject. Some action at the
next session of Congress seems to be imperative, and
our legislators should prepare themselves to meet the
issue in an intelligent and creditable way.

COTTON A CREA GE, STAND AN D CONDITION.
1895.
There can be no doubt that the acreage planted to
cotton in 1895 is less than it was in 1894. Still an­
other fact equally apparent is that this condition rep­
resents the prevailing tendency in every State, though
that of course does not mean that every planter in the
South has seeded less land to cotton than a year ago.
A good many planters are successful men, who never
plant more than they can comfortably manage. They
are cautious even when cotton is high, so that if it
happen that their crop meets a very depressed market,
they can use their judgment about selliDg or holding.
As a rule that class has planted just as much this year
as it did last year, except it may be in cases where the
weather has interfered ; but neither the weather nor
anything else interferes much with the plans of that
kind of man.
The foregoing are truths which even a cursory inves­
tigation of the planting situation this year will disclose.
As soon though as the investigator progresses from gen­
eral facts to procuring first the details of separate dis­
tricts and then the aggregates for towns, counties or
States, results of course at once partake of great un­
certainties, so that it does not become any one to speak
dogmatically of his work. Certain well known con-

992

THE CHRONICLE.

ditions must control acreage. The large majority of
planters are usually disposed to put as much land
under cotton as they can command the labor, mules
and supplies to do it with. The argument is the
natural one, that if they can clear ten dollars or more
an acre, the greater the number of acres they plant the
larger their income will be. Hence it is that planting
ordinarily goes on increasing year after year. But the
past season has left an unfortunate experience which,
as we all know, does not favor any disposition of that
k in d ; indeed the price received for the crop has been
so low that the argument is reversed, for by far the
greater number have found that the more acres planted
the greater was the loss. Then, too, there is the other
condition which helps to regulate the extent of the
seeding, which is money, and this likewise has not only
been decidedly unfavorable to the carrying out of the
usual enlargement, but has enforced contraction.
Finally, weat her during the planting season has more or
less effect according as it fa cilities or hampers the
requisite work. Tnis year that has also acted ad­
versely in some States, more adversely than the same
conditions would have acted had there been less of
discouragement in the other surroundings.
The forogoing, it may be claimed, does not represent
the market conditions of to-day, nor the future outlook
as to the value of cotton. All that is true. The price
of cotton has advanced miterially since the early
spring, and moreover spinners* takings have increased
in America, while the promise is that they are likely to
increase also in Europe during future months. No doubt
too this change has had a considerable effect upon
planting; had the earlier conditions been prolonged up
to the present time the year’s acreage would have been
much less than it now is, for a most decided inclination
prevailed in all sections not to put fresh money into
cultivating cotton, inasmuch as most sections could
buy the staple cheaper than they could raise it. That
feeling has of course been to some extent modified by
the later developments with reference to the value ol
this raw material, and yet the year’s experience is too
recent to be forgotten at once, and the money-lender
would not forget it even if the planter could.
CONCLUSION'S.

¡YOU LX .

truth as possible. Tne changes this year, as we make
them up for each State, have been as follows:
Estimated fo r 1895.

Acreage,

States.

1894.
Increase.

North Carolina.............
South Carolina..............
Georgia..........................
Florida...........................
Alabama.........................
Mississippi.....................
Louisiana.......................
Texas..............................
Arkansas........................
Tennessee...............1...
Other States & Ters.*...

952,741
1,983,363
3,346,928
217,509
2,858,847
2,862,783
1,123,948
4,474,310
1,429,372
628,866
198,580

,

_

Acres,

1895.

20 per cent.
762,193
10 per cent. 1,785,027
13 per cent. 2,911,827
5 per cent.
235,134
11 percent. 2,544,374
10 per cent. 2,576,505
14 per cent.
966,595
11 per cent. 3,982,136
12 per cent 1,257,847
9 per cent.
572,268
12ia per ct.
173,757

Total......................... 20.107.247
i,

Decrease.

11 '6 perct. 17.767.663
w« mvvji

*'* ' «

IlllO J OOiI i UUV

there has bem a decrease mtfte Indian Teiritory, V ir g in ia and Mis­
souri. We Judge, therefore, that there has been’ a decrease in other
States and Territories of about 121a per cent.

This shows a net decrease compared with 1894 of 11*6
per cent, making the total 17,767,663 acres in 1895
against 20,107,247 acres in 1894. We add the acreage
for previous years for comparison, giving at the foot o f
the table not only the acreage but the total crop for
each year, with the percentage of increase or decrease
in acreage or production compared with the preceding
year, and the product per acre. The figures of acreage
for 1889-90 in the table are from the Census report ;
those for other years are our own compilation. It is
perhaps well to state that our total for the Census year
was 20,309,480 acres, a difference of only 136,584 acres
from an actual house-to-house canvass, or a variation o f
only seven-tenths of one per cent in ten years.
COTTON ACREAGE FOR THE TEARS NAMED— (OOOs O m itte d ).

States.

North Carolina........
South Carolina........
Georgia.....................
Florida.....................
Alabama....................
Mississippi................
Louisiana..................
Texas........................
Arkansas..................
Tennessee.................
All others..................

1894-95 1893-94 1892-93 1891-92 1880-91 1889 9 0
953
1,983
3,34«
248
2,859
2,863
1,124
4,474
1,429
629
199

1,003
2,024
3,314
240
2,775
2,807
1,113
4,143
1,415
683
184

899
1.807
3,097
178
2,594
2,673
1,091
3,836
1,374
651
162

1,124
2,Ol 8
3,366
222
2,760
2,937
1,233
4,506
1,718
723
19)

1,147
2,028
3,480
229
2,845
2,997
1,296
4,251
1,718
745
174

1,147
1,988
3,346
227
2,762
2,882
1,271
3,933
1,701
745
171

Total acreage___ 20,107 19,701 18,362 20,838 20,910 20,173
Total production___
9,850
7,527
6,717
9,039
8,656
7,314
Increase in acreage.. 2-06% 7-29% *11-88 % *0 34% 3-65 % 1-98 %
Incr’se in prod’tion.. 30-86 % 12-06 % *25-69 % 4-42% 18 35 % 5-46 %
Product per acre,lbs.
23:«
181
173
20Sjl
194
169

From the details by States given on subse­
quent pages, we sum up our conclusions briefly as
follows :
Second—As to the maturity, cultivation and condi­
First—Notwithstanding the m edification of early in­ tion of the plant, the results reached are as follows:
tentions by some as a result of the upward movement
(1) As to maturity, the crop is unquestionably a late
of prices in April and May, the reader will observe by one; the spring opened late, delaying planting, and the
consulting the table below that the aggregate decrease weather up to about May 27 was not as a rule favorable
in area has been quite large. His attention can­ either for satisfactory germination or rapid develop­
not fail also to be attracted to the fact that in general ment. This statement is applicable to almost all sec­
the loss has been well distributed. North Carolina tions, but more decidedly to the Atlantic States, Texas,
has apparently made the greatest reduction. The Arkansas and Tennessee. In early May the conditions
smallness of the decrease in Florida is due to the improved except in the Southwest, where rain was
more extensive planting of Sea Island cotton. In the needed; but about the 12th of the month an unusually
Gulf States the decline ranges from 10 percent in Mis­ cold term set in, which continued with more or less se­
sissippi to 14 per cent in Louisiana. Texas records & verity until near the close of the month, checking
loss of 1L per cent, Arkansas 12 per cent and Tennes­ growth for the time bsing. Whether any permanent
see 9 per cent. Oklahoma stands alone in showing iüjury to the plant has resulted from this adverse influ­
an increase in area. The difficulties encountered in ence cannot in all cases be determined; but it is likely,
ascertaining the situation as to acreage are so great since the weather has now become almost everywhere
that each year we find it needful to further extend our more satisfactory, that no serious harm has resulted
sources of information. This year has been no excep- • except in limited districts, where the frost may have
tion in this respect, and in consequence we are per­ made replanting necessary.
haps better able to approximate to the actual situation.
(2) Cultivation has not been kept up in as thorough
Absolute accuracy we have never claimed for these re­ a manner as it was a year ago. In the Gulf States,
ports, but every effort is made to get as near to the Texas andJJTennessee fields were reported to be in good




J u k i 8, 1895.]

THE CHRONICLE

993

condition at the date of our mail advices, but along the Out-door work has been retarded, but cultivation is now rap­
idly progressing. Acreage.—Contrary to expectations there
Atlantic and in some parts of Arkansas, &c., we have
have been additions to acreage in some localities, but these lie
received many complaints. By telegraph, however, in the western portion of the State. Elsewhere the tendency
we are informed that cultivation is now making rapid has been strongly in the opposite direction, the reductions
progress everywhere. As to the takings of commercial being much more than sufficient to balance the gains, the
fertilizers there has been a very heavy decrease, but of apparent net decrease reaching 10 per cent. Fertilizers.—It
home-made manures a slightly greater use is reported. would appear that the takings of commercial fertilizers have
been but little more than half of what they were in 18^4.
(3)
Condition of the plant, as already indicated, was
Furthermore, the use of home-made manures has bnh >.'< '• . *
on the whole lees satisfactory at the close of the month increased.
than at the same date last year. The States of least
G e o r g ia — The cold and late spring delayed farming opera
promise are apparently the Carolinas and G-eorgia, but tions so that work was not actively begun until fully two
the plant is late almost everywhere and so is farm work. weeks later than in 1894. When, however, a start had been
made, fairly rapid progress was the rule, so that planting was
It does not necessarily follow that the condition is
finished only about ten days later than last year. The tenor
really unpromising, but rather that more depends upon of the returns is that seed came up well but that in conse­
future development than has been the case in some quence of the various unfavorable conditions, either too cold
or too wet, or both, development has been rather unsatisfac­
other productive years.
tory, the plant in a number of localities having a drawn and
Our summaries by States are as follows:
V irginia —The planting season was late this year as a result
o f unusually cold weather in the early spring and excessive
rainfall later. Seed came up poorly in most instances, con­
tinued low temperature and an excess of moisture acting as
adverse influences. The weather all through the season up to
within the past few days has been quite unfavorable, having
been entirely too cool for satisfactory development. Under
the circumstances it is not at all surprising that replanting
has been carried on to a much greater extent than usual
Stands at this writing are not good, and the appearance of
the plant is far from satisfactory. Fields, however, are quite
clean. Acreage has been largely decreased, other crops hold­
ing out greater inducements to planters. A careful analysis
of our replies seems to warrant the conclusion that the reduc­
tion in area this year i9 about 20 per cent. Fertilizers—A
considerable falling off in the takings of commercial fertilizers
is indicated and in home-made sorts a decreased use is re­
ported.
North Carolina .—The cold and wet weather in the early
spring delayed farm work, so that planting operations were
not actively entered upon until near the end of April, and in
a number of localities little was done until after the first of
May ; hence while in some districts seeding had been com ­
pleted by the 10th of May, in others it was not finished until
after the 20th. On the average the season was about ten days
later than last year. Our correspondents are quite well agreed
that the seed germinated poorly, owing to low temperature,
and excess of moisture has prevented satisfactory cultivation.
From various causes seed has failed to come up and as a con­
sequence a greater amount of replanting than usual has been
done. Stands— As the foregoing serves to indicate, a good
stand has not yet been secured. In fact at the date of our mail
advices it did not average fair. Late advices by telegraph
however cover reports of more seasonable weather and state
that late plantings are now coming up quite well. Fields
which had been very grassy on account o f wet weather are
now being rapidly put in good condition. Acreage— The poor
financial results of the past season have had much to do with
bringing about a decided decrease in area this year. It averages
for the State as a whole about 20 per cent. Fertilizers —Com­
mercial sorts have been much less freely used, and in some
instances home made varieties have received less attention.
South Carolina .—In common with a large section of the
cotton belt, planting began in South Carolina later than in
1894. Commencing in the coast section about the 1st of April,
it gradually extended westward and was finally completed
May 20. On some low and sandy lands seed germinated
poorly, but as a rule it came up well. At the same time
the weather conditions have not been favorable to the best
development of the plant, temperature having been too low
much of the time ; at intervals there has been an excess of
moisture. High water, frost and cut-worms are the causes
mentioned, rendering much replanting necessary. It is stated
that in the more northerly portions of the State, along the
North Carolipa border, whole fields have been replanted. An
improvement in the weather since the beginning of the last
week in May is to be noted, and the crop is now doing quite
well. Stands are reported very irregular, being exceptionally
good in some portions of the State and in others very poor.
The crop, however, is a late one, and may soon show much
improvement under the present more satisfactory conditions.




sickly appearance as late as the 20th of May. Since then,
however, the progress has been more satisfactory. A m od­
erate amount of replanting has been necessary. Stands—A
few correspondents say that a good stand has been procured,
but a majority of them report the stands as only fair, though,
it is claimed that good weather would speedily bring about
considerable improvement. Where rains have been excessive
the fields are quite grassy, although at the close of May cu l­
tivation is rapidly going on. Telegraphic advices subsequent
to the 1st of June give evidence of a marked change for the
better in the weather. Acreage —A disposition to reduce
acreage is clearly manifest and for the State at large we esti­
mate the loss at 13 per cent from las.t year. Fertilizers—
Planters have largely decreased their use of commercial fer­
tilizers (some say fully 50 per cent), and in consequence home­
made varieties have received considerably more attention.
F l o r id a .—Preparations for the new crop began about the
usual time in this State, and good progress in ’ planting was
being made during the closing days of March. There was n o
special hindrance during April, and in consequence the w ork
was in good part completed before the end of the month, or &
few days earlier than in 1894 With regard to germin^i n
the information we have received is very satisfactory ; -'-m e
say that seed came up well but the general run of our replies
is, very well or better than usual, the most favorable returns
coming from the sections where long staple cotton is raised.
The weather has favored the development of the plant pretty
much all the time, but for about two weeks subsequent to the
12th of May the temperature ranged too low. Practically
no replanting has been required. Stands are good in general,
and fields are reported to be quite free from weeds. T h e
present outlook in the Sea Island districts is especially encour­
aging. A very well informed correspondent writes us that
with an average season a considerable increase in the yield of
this variety of cotton may be looked for. Acreage.—In the sec­
tions where short staple cotton is grown the area has keen
decreased, but in Sea Island districts the tendency has been
in the opposite direction. For the whole State we estimate
that the decrease has been about 5 per cent. Fertilizers.—
Our returns lead us to conclude that even though commercial
fertilizers are not largely used they have been less freely
taken this year than last. Home-made composts show no
marked change.
A l a b a m a —The same complaint comes from Alabama as
from the Atlantic States—an unfavorable early spring. Plants
ing did not become at all active until near the 10th of April,
but quite rapid progress was made after work began, so that
the finish was hardly more than a week later than in 1894.
For the most part the seed came up well, but a few of our
returns say that the start was rather poor in consequence of
cool weather. The conditions since growth began have in.
the main been fairly favorable, but the cold snap in May
acted as a hindrance to development and the plant is late.
Too much moisture at times is also complained of in some
districts. Toward the close of May the meteorological con­
ditions turned more favorable, and as a rule the crop is now
doing very well. Some seed died out as a result of the cold
and had to be replanted. The aggregate amount of replant­
ing, nevertheless, was slight. The stand secured will average
good, although on this point there is considerable diversity o f
opinion indicated in the reports. In one or two instances a

994

THE CHRONICLE.

perfect stand is said to have; been secured, while a few say it
is not good, Fields are clean as a rule. Acreage has not been
changed in some localities, but the general tendency has been
toward a decrease. The falling off, however, has not been
as heavy as early advices seemed to point to, and averages for
the State not more than 11 per cent. Fertilizers of the com­
mercial sorts have been much less freely taken than in the
previous year, but a small increase in the amount o f home­
made manures used is reported.
Mississippi.—Planting began in the earlier sections of
Mississippi about the 10th of March, but seeding did not
become general until near the middle of April. W ork was
interrupted in some sections by rainy weather, and as a result
was not finally completed until the middle of May, or from a
week to ten days later than in 1894. The returns with refer­
ence to germination vary, but they are almost all of a satis­
factory character and range from good to very good. The
weather is stated to have been favorable since growth began,
until about May 12th, when a drop in temperature occurred
which tended to check development. There was also too
much rain in some localities at about the same time. Latterly,
however, conditions have been quite uniformly favorable, and
the plant is doing well. Replanting has been done to only an
inappreciable extent, the necessity for it arising mainly from
the fact that the cold weather caused some seed to die out.
Stands range from good to excellent, and average very good.
The rains referred to above gave weeds and grass a good start,
but with the return of favorable weather rapid progress was
made in clearing the fields, and now they are generally well
cultivated. Acreage.—The past year’s experience has led
farmers in Mississippi to turn their attention to diversifying
crops, raising, so far as is possible, everything they need.
This in part explains the pretty general tendency towards a
decrease in area this year. All of our reports indicate some
falling off, and for the State as a whole it will reach fully
10 per cent. Fertilizers of the commercial varieties, never
largely used, have been less freely taken this year, but home­
made sorts show a slight increase.
L ouisiana.—In one respect the situation this year in Louisi­
ana is more satisfactory than in any recent season. W e refer
to the fact that there has been complete freedom from over­
flow. But the backward early spring interfered here as else­
where with planting operations, but not of course to so
great an extent as further North. Seed germinated fairly
Well in general, but development was slow in consequence of
low temperature, as well as on account of lack o f moisture.
The adverse conditions were not equally effective in all sec­
tions of the State, as some of our returns are distinctly satis
factory, but were felt to a greater or less extent in most dis­
tricts. It is clear, however, that as a rule the plant is not so
well advanced as usual at this time of the year, although now
growing out rapidly under the stimulus of the more favorable
weather prevailing. Stands are reported as fairly good to
good, and fields are with but rare exceptions well cultivated
Acreage—Louisiana planters have turned their attention to a
diversification of crops this year, and the result is seen in the
marked decrease in cotton area, which averages fully 14 per
cent. Fertilizers, while but little used, have received much
less than the usual amount of attention.
A rkansas.—On the whole the planting season in Arkansas
was a little later than in 1894 consequent upon the severely
wintry weather in the early spring. Planting began in the
earlier districts about the 10th of April and finished generally
the middle of May. Owing to too dry weather the very early
planting in a few sections came up poorly, but as a rule seed
germinated well. In fact, one correspondent states that lateplanted seed came up splendidly. During April and until
about May 10th the conditions, both as regards temperature
and rainfall, were on the whole quite satisfactory, but
between that date and the 25th low temperature operated to
check the development of the plant. In consequence of thin
the plant is a little smaller than in an average year. Our
latest reports indicate that the weather latterly has been about
as desired and cotton is doing well. But little replanting has
been required. Stands range from fairly good to very good—
two correspondents say splendid. The weeds and grass, al­
though somewhat troublesome recently as a result of wet
weather, are now being rapidly removed, and the fields put in
satisfactory condition. Acreage.—There has been a strong
tendency in Arkansas to reduce cotton acreage this year, with
the result that the loss for the State reaches about 12 per




rvoL. l x .

cent. Fertilizers.—In some sections a decrease in the takings
of commercial manures is reported, but only a small aggre­
gate amount is used in the State.
Tennessee.—The same may be remarked of the start in
Tennessee as in most other States ; it was late. In a few
districts planting began about the usual time, but as a rule it
had not become active until late in April, and at the close of
May there were some sections that had only just finished.
Low temperature and dry weather delayed germination gen­
erally, but on the average seed came up well. A few of our
correspondents state that the weather since growth began
was quite satisfactory up to about the 12th o f May, but the
majority complain that continued low temperature and lack
of moisture has kept back the plant. There has been a lim­
ited amount o f replanting but less than is usual. It is evident
that the cold snap in May checked development, but a marked
improvement in this particular is be to noted since the begin­
ning of June. Stands are said to be good in general, but the tenor
o f our returns is that the crop is from two to three weeks
late. The conditions have not favored the growth of grass and
weeds. Acreage has been decreased to a fair extent, the
loss having been about 9 per cent of the total cotton area of
the State. Fertilizers are used but little in Tennessee.
Texas .—The planting season was very irregular in Texas
this year, work in many sections being retarded first by cold
weather and afterwards by drought. Seeding began in the
extreme southern districts early in February, but was not
completed in the whole State until near the close of May, or
about ten days later than last year. On account of the dry
weather seed came up very slowly in many districts, and the
start was therefore uneven. For the State as a whole, how­
ever, the seed may be stated to have germinated fairly well.
Since growth began there has been a considerable variation in
the conditions in different parts of the State. In North
Texas they have been for the most part favorable, but
in East Texas there has been rather too much moisture. In
the central portion of the State a little more rain would have
been beneficial, and in South Texas lack of moisture was fre­
quently complained of up to the beginning of the last week
of May. Our latest advices indicate that the heavy precipita­
tion during the last week of May did some damage to crops in
Eastern and Southern Texas. Temperature has been satis­
factory in the main except in the early spring and from May
13th to 27th. There has been more than the usual amount of re­
planting done this year, mainly on account of the late heavy rains
Stands are good as a rule, though the plant is not as well ad­
vanced as in an average year. Acreage.—The low prices for
cotton the past season have had an effect in bringing about a
decrease in area that no other argument could have produced.
As in other years, there has been some new land put in the
staple this year, but the loss in other sections has been suffi­
ciently great to make the net result for the State a decline of
11 per cent. Fertilizers are not used to any extent.
I ndian Territory and Oklahoma .—There was but little
difference between the date of planting this year and last,
beginning about the 15th of April and being completed by
the middle o f May. Seed came up well as a rule. W ith
regard to the conditions of weather since growth began, our
reports vary widely. Some correspondents state that it
could not have been better, others say that it has been quite
favorable, and still others complain of low temperature and
lack of moisture. In the main however the season thus far has
been fairly satisfactory. Replanting has not been necessary to
any considerable exten t; drought accounts for the little that
has been required. Stands in general are good and fields are
in fair condition. Acreage.—Here, a3 elsewhere, there has
been a disposition to decrease the amount of land under
cotton. In the Indian Territory a reduction o f 15 per cent
seems tc be warranted by the information at hand, but in
Oklahoma there is an increase of 10 per cent. The cotton
area in the latter, however, is so much less than in the Indian
Territory that the net decline for both reaches about 10 per
cent. Fertilizers are really not needed and are but little
used.
Missouri.—The cultivation of cotton in Missouri is confined
to the Central and Southern sections of the State. The back­
ward spring interfered somewhat with planting this year, but
work was begun in some districts about the mi Idle of April,
and was generally completed by May 15th. Seed came up
very well on the whole, but some slight damage from frost
resulted and made necessary a limited amount of replanting.

THE CHRONICLE

J une 8, 1885.]

995

Growth has not been rapid on account of the low tempera­
ture during the greater part of the time, but a good stand
has been secured and fields are clear of weeds and grass.
Acreage has been materially reduced in Southeast Missouri,
and the same is true, but in a less marked degree of the
Southwestern section. In Central Missouri a moderate loss o f
area is reported. For the whole State the decrease aggre­
gates 20 per cent. Fertilizers receive little or no attention.

The stocks cleared now are American Cotton Oil comm on,
American Sugar common, American Tobacco common, A tch­
ison, Central of N, J ., Chesapeake & Ohio, Chicago Burlington
& Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com ­
mon, Chicago & Northwestern common, Chicago Rock Island
& Pacific. Delawaie & Hudson, Delaware Lackawanna &
Western, Distilling & Cattle Feeding, General Electric, Lake
Shore & Michigan Southern, Louisville & Nashville, Manhat­
tan, Missouri Kansas & Texas preferred, Missouri Pacific, New
York Central, New York L. E. & West., New York & New
England, New York Ont. &W est., North. Pac. pref., National
Lead common, Phila. & Read.. SouthernRy, common and pre­
Clearings by Telegraph.—Sales o f Stocks, Bonds, &c.— ferred. Texas & Pacific, Un. Pac., U. S. Cordage common
Stock Exchange Clearing-House Transactions.—The sub­ and preferred, United States Leather common and preferred,
joined statement, covering the clearings for the current week, Wabash common and preferred $nd Western Onion.
usually appears on the first page of the Chronicle, but
on account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
D EB1 STATEM ENT M A Y SI, 1895.
the leading cities. It will be observed that as compared with
the corresponding week of 1894 there is an increase in the ag­
The following is the official statement of the United
gregate of 27*5 per cent. So far as the individual cities are
concerned New York exhibits an excess of 34f5 per cent, and States public debt and of the cash in the Treasury at
the gains at other points are, Boston 31*2 per cent, Philadel­ the close of business May 31, 1895.
phia 35'7 per cent, Chicago 20'5 per cent, St. Louis 26-6 per
IN T E R E ST -B E A R IN G DEBT
cent, Baltimore 11*3 per cent and New Orleans 26*1 per cent.
Week Ending June 8.

C l e a r in g s .

Returns by Teleçraph.

1895.

1894.

liti« o f Loan.
Per Cent.

N ew Y o r k ................................
B o s t o n ....... ................................
P hiladelphia..............................
B a ltim o r e ..................................
C h ica go............. ; .......................
S t . L o u i s ....................................
N ew Orleans..................

$489,888,624
82,806,513
61,380,967
12,658,771
86,942,904
23,210,940
7,446,338

$364,364,976
63,090,860
45,224,558
11,374,428
72,182,346
18,340,909
5,906,394

+34-5
4 3 1 -2
4-35-7
4-11-3
4-20-5
4-26-6
4-26-1

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

$764,335,057
140,498,627

$580,434,471
121,000,726

4-31-7
4-16-1

T otal all cities, 5 d a y s___
A ll cities, 1 d a y ........................

$904,833,684
168,026,371

$701,435,197
139,831,394

429 0
4-20-9

T otal all cities fo r w e e k ..

$1,072,860,055

$841,266,591

4-27-5

Another table, our usual monthly detailed statement o f
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 1894 are also presented.
Five Months, 1895.
Description.

P a r Value
or Quantity

s t0 c k { y a i :
R R . bonds..
G o v’t bonds
State bonds
Bank stocks
T o t a l....
C otton. .bis.
Grain.bush.
T otal value.

Actual
Value.

Five Months, 1894,

A ver’ge P a r Value
Price. or Quantity

Actual
Value.

Aver’ge
Price.
25,365,893
21,281.881
»2159814355 } 1415610128 57-6 j »2082,163,320 {1269009082 61-6
»203,939,720 »137,467,817 07-4
»152,661,400 »111.062,073 74-8
»5,201,350
»5,979,804 114-9
»1.860,900
»2,352,882 120-4
»3,717,700
»1,193,733 81-8,
»5.296,400
»2,241,722 42-3
»239,091
»366,980 153-5
»274,360
»448,400 103-4
»2672915216 1,560,608,262 68-4
»2242,246,380 1,385,714,159 61-8
15,792.700 »499,827,955 »31-05
14,825,900 :*672,156,081 »33-59
904,252,621 .»684,775,749 C4%o.
688,302,715 »J00,520,897 61 3-lOc
2,645,211,966
»2318391737

The transactions of the Stock Exchange Clearing-House
from May 27, down to and including Friday, June 7
also the aggregates for January to May, inclusive, in 1895
and 1894 are given in tabular form below.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

•— Shares, both sides .—, .------- Balances, one side. ------- , Sheets
Cleared, Total Value. Shares. Value Shares. Cash. Cleared

1893 -

$

January...
February..
March.......
April.........
M ay..........

28,544,500
25,108,900
24,691,100
20,802,600
28,209,500

2,004,709,000
1,744,400,000
1,690,000,000
1,421,300,000
1,738,900,000

3,000,000
2,587,900
2.703.800
2.311.800
2,869,500

6 m o s ... 127,256,500 8,669,809,000 13,472,500

1894 January... 18,863,000 1,088,600,000
February. 12,847,600
784,800,000
M arch...... 16,912,900 1,076,441,000
A p r i l ...... 14,728,000
868,700,000
May........ . 19.140,800 1,200,300.000
5 mos9M* 81,992,300 5,018,841,000

1 8 9 5 -2

1,354,000
1,035,400
1.452.100
1,384,300
1.551.100
0,776,900

$
210.700.000
172.701.000
107.900.000
153.300.000
161.110.000

$
3,300,500
3.529.000
3.784.100
2.331.000
4.870.100

6,839
6,151
7,080
6,005
7,200

865,711,000 :17,814.700

33,275

69.100.000
66.200.000
81.800,000
77.200.000
91.700.000

2,041,000
1.396.900
1,928,700
1.418.900
1,938,500

6,839
5,598
6,581
6,401
6,689

370,000,000 8,724,000

32,108

January... 18,593.500
896,200,000
February.. 12,030,600
762,100,000
March...... 19,057,700 1,207,500,000
A p ril........ 15,799.200 1.004,800,000
M ay...........28,210,100 1,603,400,000

1.091.000
997,500
1.493.000
1,710,600
3,151,900

63.700.000
65,000,000
85.400.000
94.500.000
162,900,000

1,483.100
1,133,500
1,926,400
1,399,300
2,157,200

6,434
6,515
6,540
0,431
7,391

5 m o s .... 88,701,100 5.474,000,000

8,444,500

401,500,000 8,099,500

32,314

.— Shares, both sides .—, --------- Balances, one side ------- , Sheets
Cleared. Total Value.

Shares. Value Shares. Cash. Cleared.

In t’r ’t
P a y’le

Am ount
Issued.

Am ount Outstanding.
Registered.

4%s, F ’n ’d L oa n .1891
Continued at 2 p. c.
4s, F’ ded L oan.. 1907
ts, R ef’d’g Certific’s.
5s, Loan o f 1904.......
4s, Loan o f 1925........

Q .-M .
Q .-J .
Q .-J .
Q .-F .
Q .-F .

»350,000,000
740,888,950
40,012,750
100,000,000
81,157,700

Aggregate e x cl’d’g
B’ds to Pac. R R .
UU T,

Total.

»25,364,500
»25,364,500
489,891,350 »69,734,250 559,625,600
54,210
52,180,150 47,819,850 100,000,000
22,348,400 8,809,300 84,157,700

1.162,057,400 589,784.400 126,363.400 716.202,010
xax

H

A

S

CEASED SINCE M A T U R IT Y .

Funded Loan o f 1891. matured September 2,1891
*470 200 00
Old debt matured at various dates prior to Jam il *
’
ary 1,1861, and other Items o f debt matured at
various dates subsequent to January 1,1801........ 1,284,460 26

no
»459,650 00
1,275,270 29

Aggregate o f debt on wbioh Interest has ceased
alnoe m aturity..............................................................»1,754,660 26

»1,734,920 26
D EBT B E A R IN G NO IN TER E ST
United States notes........................................ .
Old demand n o te s...................................... ............................................. »346,681,016 00
54,847 50
National Bank notes :
.................................................
Redemption account...... .........................
Fractional currency...................................... ,..",'* "'."* »15' 271*351’ 42 26,205,181 00
Less amount estimated as lost or destroyed..........8,875,934 00
6,895,417 42
Aggregate o f debt bearing no interest..........................................
S36 461 92

CERTIFICATES AN D NOTES ISSUED ON DEPOSITS OF COIN A N D
LE G A L-TEN D ER N O IE S A N D PURCHASES OF SIL V E R B U LL IO N .
In the
In
Treasury. Circulation

Classification o f Certificates and Notes.
Jold certificates......................................
Silver certificates......................................
ertlficates o f D ep osit................... ,,
Preasury notes o f 1890.......................
Aggregate o f certificates..........

Am ount
Issued.
*48,641,959
328,245,504
48,435,000
148,044,280

190,000
80,089,473

*37.074,190 *530,292,547 *573,386,748

R E C A P IT U L ATION.
Classification o f Debt.

Interest-bearing debt..................
Debt on which int. has ce a se d ..
Debt bearing no interest...........

May 31,
1895.
*
716,202,010 00
1,734,920 26
379.836,401 92

April SO,
1895.

Increase or
Decrease.

*
710,201,910 00
1,754,600 26
380,701,249 42

Aggregate o f interest and non­
interest bearing d e b t .............. 1,097,773,892 18 1,098,657,819 68
Certificate and notes offset by
an equal am ount o f cash in
the Treasury...................... .
573,386,743 00 508,088,624 00
Aggregate o f debt, including
certificates and no te s.............. 1,671,140,135 18 1,065,340,443 08

*
1 .100 00
D. 19,740 00
D. 864,787 50
D. 884,427 50

I. 6,678,119 00
I. 5,793,691 50

CASH IN T H E T R E A SU R Y .
»94.265.010 58
Gold—Coin....................
SM. „ R ??:?,-;-............................................................. 63,425,306 95-»147 690,977 53
a t rT i? 0llarS--........................................................... 370,464.049 00
’
Subsidiary c o in ................... ...................«........... .. 16,589.443 05
o liS .8*TT«i7^V£lV ' l ........ ......................................... 124,526,558 5 4 - 511,582,653 59
Paper—United States n o te s ................... ...........
79 742 934 12
’
Treasury notes o f 1890..............................
3o’ ohh473 on
Gold certificates.....................................
102 390 00
Silver certificates .................................
*** 6 6923H3 00
Certificates o f deposit (A ct June 8 .1 8 7 2 ).." " *
’ 190,000 00
National bank n o te s........... .................................
4.899 <¿26 41— 121 71B40H Rft
O ther-B onds, interest and coupons paid awaitl
’
«1,716,4«» 53
ing reim bursem ent.......................................................
54233
65
Minor coin and fractional currency..........! ! ! ! ! !
1120119 09
Deposits in nat’l bank depositaries—gen ’l aco’t.. l l ’.22ol822 93
Disbursing officers’ balances...................................
4,082,554 55— 10,483,720 80

May 27..1,531,400 89,200,000
“ 28.. 734,300 44,000,000
“ 29..1,105,500 74,700,000
“ 3 0 . . .......................................
“ 3 1 .. 753,400 54,900,000

153,700
91,900
113,300

7.800.000
5.100.000
6.300.000

97.200
49,500
95.200

349
314
332

83,200

5,200,000

55,800

314

Tot. Wk..4,124,600 262,800,000
Wklastyr3,062,400 202,000,000
June 3 .. 875,800 47,600,000
**■ 4 .. 560,600 28,800,000
“
5-. 695,000 41,400,000
“
6 .. 652,800 36,400,000
“
7 .. 493,400 29,700,000

442,100 24,400,000 297,700 1,782
247,600 14,700,000 296,600 1,309
111,300 5.500.000 67,700
314
75,000 3.600.000 51,500
307
88,600 4.500.000 40; 100
306
78,300 8.900.000 58,700
311
68,400 3.200.000 40,500
293

Tot. w k ..3,277,600 183,900,000
Wklastyr3,723,400 257,700,000

421,600 20,700,000 258,500 L531 Cash balance in the Treasury May 31,1895,.
310,300 18,200,000 342,200 1,498 Inorease during tb e m o n t h .. ........... ...........




Coupon.

A ggregate............................... .............................

»797,473,755 45

DEM AND L IA BILITIE S.
Gold certificates........................ ..
»48,641,959 00
Silver certificates.........................................* * ” " " 328,245,504 00
Certificates o f deposit act June 8,1872 ....7 ...7 .7 48,435,000 00
Treasury notes o f 1890.............................................. 148,044,280 0 0 -1 5 7 3.5(i(: 746 «
Fund for redemp. o f uncurrent n a t’l bank notes
7,908,963 07
Outstanding checks and d r a fts ... ......................
3,219,054 76
Disbursing officers’ balances................................... 23,610,370 88
Agency accounts, & c................................................
S,998,523 2 7 - 38,730,911 98
Gold reserve..................................... »99.151,408 00
Net cash balance............................
86,218,092 47. ........................... 185,370,100 47
A ggregate.....................................................
Cash balance in th e Treasury April SO, 1895.

..»797.473,755 45
..»180,817.910 09
.. 185,370, Ì00 47
»4,552,184 S3

THE CHRONICLE.

996

BONDS ISSUED IN A ID OF PACIFIC R A ILR O A D S .
Name
o f Railway.

Gen. Pacific.
Kan. Pacific.
Unl’n Pacific
Cen. Br. U.P.
Wes*1
- Pacific
Sioux C. A P.
Totals..

Jnt. repaid by Companies. Balani.,
Interest
Principal
Interest
of Inter’si
accrued
Outpaid by By Trans­ By cash pay- paid b e
and not
m’ts; 5 p. c.
stondino■
the O. S. portation
yet paid.
net earnings. the n. .
Service.
*
«
t
$
t
*
658,2»b 33,309,064
25,885,120
7,S5t,765
647,128 41,819,1 ;3
6,078,239
8,303,000
4,401,164
157,575 10,478,403
438,41c 28,460,355
14,852,279
27,236,512
680,913 43,751,044
8.927 2,021,089
1,600,000
625,792
40,000 2,653.808
3,018.569
1,970,560
49,264 3.027,935
2,355,905
1,628,32«
231,233
40,708 2,587,838
64,643,^1!- 1,615,588 108818141

27,471,300

1,109,«*20 75.243 221

IPortotaryi ^ommzxcivd%nQlisii^tyxis
[From our own correspondent. 1
L o n d o n , Saturday, May 25, 1895.
Money continues extremely abundant, so that short loans
for a week, and in some cases even for a month, have been
made at % per cent; and as gold is coming in from abroad in
very large amounts the market is likely to continue exceed­
ingly easy for months to come. A t the fortnightly settle­
ment Stock Exchange borrowers were able to obtain all they
required at fiom 1*^ to 1% per cent.
Art a tdre-f, rom the principal merchants and bankers of
the City of London has been presented to the Chancellor of
the Exchequer opposing any attempt to change our monetary
system. The address is signed by all the private bankers of
the city, by representatives of the principal joint-stock banks
and by all the influential merchant bankers with the excep­
tion of the Messrs. Rothschild and Messrs. J. S. Morgan &
Co. The Messrs. Rothschild, though in full agreement with the
address, h sitate to sign because of the susceptibilities of
France; and the Messrs. Morgan, while also expressing them­
selves in full accord with the address, do not think it
would be proper for them as American bankers to interfere
in such a questim. Since the address was presented the
Chancellor of the Excheq ler has made an important speech
at a banquet given by the Lord Mayor, in which he declared
most emphatically once more that the Government would not
do anything calculated to further the opinion either at home or
abroad that it would in any way countenance measures for
disturbing our monetary and commercial systems. The
speech has given great satisfaction in the city.
All interested in the silver market are waiting anxiously
for the settlement of the various questions pending between
China and Japan and between Japan and the Continental
governments. There have been rumors this week, which are
believed to be unfounded, that China refuses to pay an in­
creased indemnity for the retrocession of Port Arthur. The best
opinion is that the Continental powers are agreed that some
compensation must be given to Japan. Ic appears, however,
to be unquestionable that Russia and France are raising diffi­
culties with regard to Formosa, and there is in consequence
some apprehension here that troubles may arise. Meanwhile
Russia, Germany and France are urging upon China to accept
A European control and are offering their own assistance to
raise a large loan if China complies. The belief here is that
China will refuse. It is understood that the offer of the Con­
tinental Powers is to raise at once 80 millions sterling, so as
to insure the immediate evacuation of Chinese territory by
Japan, and that a further loan of 30 millions sterling will be
. raised later on to enable China to carry out the necessary re­
forms. Hopes are likewise held out that a third loan of 20 or
30 millions sterling will be raised.
Here in London the great financial houses declare such
sums to be quite inadmissible, and the probability appears to
be that London will take little part in the issues if the amounts
now talked of are insisted upon. It is said further that if
China accepts a European control the rate of interest is to be
only 5 per cent, that Russia will give a guarantee, and that
the French and German governments will pledge themselves
to secure the success of the loans. As it appears probable
now that the negotiations may drag for a considerable time,
many of the speculators in silver are growing anxious, and
it seems clear that if there is pressure to sell from any quar­
ter there will be a considerable fall. Meanwhile the price
is well maintained around 30^d. per ounce, and the Eastern
exchanges keep fairly steady.
The stock markets generally have been depressed through­
out the week, chiefly owing to fears of further difficulties in
the South African department. The French Government is




[V ol LX.

preparing to fund 40 millions sterling of floating debt, and it
has found that investors have of late been selling rentes on a
considerable scale to buy South African securities. In conse­
quence it has warned the Agents de Change not to encourage
further business in South Africans. The London public is
apprehensive that this may cause a falling off in Continental
dealing, and the market is less firm in consequence. But the
best opinion in Paris seems to be that the intervention of the
Government will not have much effect; that South African
securities are too popular to be dropped so easily. Meanwhile
at the fortnightly settlement, which began on Tuesday morn­
ing, it was found that the “ bull” account in South Africans
had not been reduced during the preceding fortnight as much
as was supposed. There were still some very large and weak ac­
counts open. The market refused to carry over these accounts,
and liquidation has been going on ever since Tuesday.
It is believed now that the market is in a healthy state ; and
unless French buying should altogether cease it is hoped that
husiness will begin again on a very large scale. It is to be
remembered, however, that the Whitsuntide holidays are
approaching, and also the Epsom Races, and for a week or
ten days therefore there is not likely to be much doing.
In the American market likewise there has been less activi y . The buying lately has been chiefly by professional
operators. The public have come in to a small extent but
not at all in the way that was generally hoped, and the oper­
ators are not prepared, therefore, to continue buying.
Inter-bourse securities have been fairly well supported
although Thursday was a holiday on all 'the Continental
bourses. There has been some decline in Argentine securities
chiefly owing to the arrival in London of Agents of the
Argentine Government for the purchase of ships and mun­
itions of war. It is understood that when difficulties with
Chili were apprehended a little while ago and orders to pre­
pare the army and navy for eventualities were given, it was
found 'that stores of all kinds were entirely wanting. The
Government, therefore, has decided upon replenishing the
stores. It is said that it intends to spend altogether about 2
millions sterling. But the payments will be spread over the
next two years, as the purchases in Europe will be chiefly of
ships and they cannot be completed for two years. Still, 2
millions sterling is a large sum for a Government in such
difficulties as that of Argentina. The Chilian Government
gives assurances that it is resolved upon maintaining peace
and that the preparations of Argentina, therefore, are quite
unnecessary.
A t home here British securities of all kinds, and especially
British railway stocks, are in good demand. Trade is un­
questionably improving. Prices of all kinds are rising some­
what, and the general expectation is that before long there
will be a further and a very marked rise. At the wool auc­
tions which have been going on all through the month, the
earlier sales were disappointing. W ool of good quality was at
freelv bought by American merchants at the prices ruling the
last sales, but inferior kinds fell off. During the present week,
however, there has been a better tone in the market, though
not much advance in prices. Still, it is believed that about
70,000 bales will remain unsold. The wheat market, too, is
more active and more hopeful; and good accounts are received
from the manufacturing districts of both Yorkshire and Lan­
cashire.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1895.
May 22.

£

1894
May 23

£

25,523,450 24,760,880
8,569,900
9,343,907
34,694,285 30,390,189
9,894,422
Bevernment securities.............. 13,424,606
Bib er securities .......................... 19,952,352 20.562,368
26,296,094
28,430,112
Reserve o f notes and coin.........
Coin & bullion, both departm’ts 37,153,582 34,256,974
67%
64%
Prop, reserve to liabilities, .p. c.
2
2
Bank rate ......................p ercen t.
100%
106 1-18
28%d.
30 ll-16d.
121,272,000 104,916,000

1893.
May 24.
Jk
26,722,940
7,015,936
29,211,127
11,208.101
29,105,279
13,794,095
24,067,035
37%
4
98 3-16
37%d.
99,240,000

1892.
May 25.
Jb
25,530,170
6,577,944
30,336,910
11,256,001
26,911.652
16,598,624
25,678,694
44%
2
97 11-16
40 l-16d.
99,316,000

ell write as follows under date o f
lay 28 :
Gold—In consequence of there being no farther demand, the Bank
f England has again been best buver. The amount thathas been sent
iere during the week is £483,000, and £50,000 has been withdrawn
>r Rio. Arrivals: Cape Town, £114,000; Australia, £ 169.°°°;
71,000; India, £33,000; total, £387,000. Shipments to Bombay May
7, £45,000.

THE CHRONICLE.

Silver—There have been few changes in price, and the market has
been fairly steady. Tae chief demand has been for special orders, with
some inquiry for Irdia. Arrivals: New York, £85.<>oi’ ; Chili, £16, 0 O0 ;
total, £ l o l , o 0. Shipments to Bombay May 17, £25,CO'.
Mexicau Dollars - Few dealings have taken place in these coins; the
price is 30%d.

The quotations for bullion are reported as follows :

Bar gold, f i n e ___oz.
Bar gold, parting.oz
Span, doubloons, oz.
U. S. gold coin....oz.
German gold coin.oz

f.

8. d.
77 9

London Standard.

d.

77 9
77 0)4
73 8
76 3)4
76 4%

77 9%
73 8
76 3 «
76 i A

May 23. May 16.

d.

Bar silver, fine. ..oz. 31 11-16
Bar silver, containIng 5 grs. g old ..oz. 31 1-16
Cake silver..........oz.
3
Mexican dollars..oz. 30%

d.
30%

Bank Open Bank
Rate. Markt t Bate

P a ris................
B erlin..............
H am burg.. .
Frankfort..
Amsterdam
Brussels
Vienna...........
Bt. Petersburg.
Madrid .
C openhagen...

2
3
3
3
2%
2%
4
6
6
3%

1%
1%

m
1%
1%
l%
3%
5%
6
3%

Open
Mark«

2
3
3
3
2%
2%
4
6
6
3%

May 3.

May 10.

May 17.

May 24.

Bank Open Bank Open
Rate. Market R a te. Market
2
3
3
3
2%
2%
4
6
6
3%

1%
1%
m

m
m
1%
3%
5%
6
3%

2
3
3
3
2%
2A
4
6
6
3%

IA
1%
1%

m
m
14
3%
6«
6
3%

m
1%
V4
1%
1%
VA
3%
6%
6
3%

Trade Bills.

Bank Bills.

e
$
Apr. 26 2
May b 2'
10 2
44 17 2
44 24 2

Interest allowed
for deposits by

Open Market Rates.

,5

Disc’t H’tt

Three Four
Six
Three Four
Six
Stock At 7 to 14
Months Months Months Months Months Months Banks Call. Days.
%-13 16 1316 15-16-1
13-16
13 16-% 1 £-10-1
94-13TÖ 13-16-% %-15 16
13-16
%
1 3-10-% % « 1
94

1@1%
1@1M
1

1A&1A
V*

1%
1%

l@l% 1%@1%
1

IA

1%

1894-03,
Dus
toms.

A
A
A
A
A

A
A
A
A
A

94
94
94
94
94

1893-94.

N.Bk.
Inter’ Red’ p. Misc’ l lotai.
liev’u. Fund S’rces

1
$
8,427 25,20)
July...
k u g ... 11,805 27,562
Sept.... 15,565 6,182
O c t. . . . 11,062 6,493
N o v .... 10,261 7,774
D e o .... 11,644 8,950
Jan...... 17,60« 9,117
F e b .... 13,335 8,860
March.. 14.93« 9,855
April... 12,61)0 11,010
May.... 12,475 10,754

t
35,007
41,051
24,217
20,968
21,892
24,238
20,698
23,10)
25,985
26,342
25,686

$
1,182
1,051
874
684
1.376
2,393
1,875
693
686
2,457
2,013

$
888
638
1,59«
1,820
2.481
1,241
1,100
213
514
766
414

Cus­
toms.

N.Bk.
Inter’, Red’p. Mise’ Total.
Rev’u, Fund. S’rces

t
14,684
12,145
12,570
11,000
10,219
9,21!12.437
10,88*
11,339
9,621
9,798

$
14,680
10,568
11,460
12,736
12,054
12.448
0.015
11.050
12,808
12,893
12,042

<
1,538
1,183
544
817
1,707
2,141
2,84* •
828
67«
1,77«
1,227

«
120
166
707
1,065
1,039
3,032
2,744
2,402
I,' 85
2,278
761

t
31,026
24,057
25,290
25,618
25,019
26,834
27,036
24,759
25.928
2«,568
23,818

11 mos. 140,610 181,757 11,675 16,319 299,370 123,435 131,767 15,479 15,272 285,056
d is b u r s e m e n t s

$

The rates for money have been as follows :

(0 0 0 s o m itte d ).

r e c e ip t s

31
33 1-16
3CX

The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follow s:
Rates of
Interest at

Government Revenue and Expenditures. —Through the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of May. From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the eleven
months of the fiscal years 1894-95 and 1893-94.

Ill !

S IL V E R .

SOLD.

London Standard,. May 23. May 16.

99713

Commercial and illtscella tteuus H ews

i ? V-

J une 8, 1895.]

16,732
19,41)
17,41)
16.46«
15.510
14,605
1au...... 17,381
F e b .... 11,796
M irch.. 13,84*April... 15,4W4
M ay.... 13,906

J uly....
AUK___
Sept....
O ct. . . .
N o v ....
D ec;....

(OOOs o m itte d .)

1894-05.

1893.04.

N.Bk.
Pen­ in ­ Red’p.
Total.
sions. ter661. Fund.
*
12,902
11,335
12,590
11,05
12,032
12,330
10,054
12,33<
ll,«23
11,08«
12,002

«
7,014
012
322
5,104
92«
110
7,088
1,521
260
5,520
1,751

$
942
716
770
726
1,157
1,113
1,414
1,350
1,276
1,090
1.278

N.Bk.
Pen­
in ­ Red’p.
Total.
sions. terest Fund.

Ordi­
nary.

«

$

$

$

$

87.590
32,373
31,093
83.439
29.634
28,248
35.03)
27,055
27,007
34.080
29,837

»

17,791
21,642
14,493
16,667
16,063
16,022
15,157
14,938
18,179
16,345
15,907

14,758
11,26«
10,787
10,340
12,33)'
13,773
8,99«
11,520
13,375
10,152
12,977

7,127
39;
198
2,582
2.900
231
7,157
260
218
5,57«
895

418
291
220
496
1,382
969
1,178
1,097
1,105
1,316
1,888

40,094
33,596
25,698
30,035
32,684
30,996
32,488
27,823
32,877
33,289
31.167

l l ra-'s. 172.64'. 131,187 10,618 11.811 «4«,29 ) 133.204 130.239 27 .inn H.760 350.78

ioiNAUE 07 united States MiNrs.—The following stateThe following snows the imports of cereal produce into the neat, kindly furnished us by the Director of the Mint, shows
United Kingdom during the first thirty-eight weeks of the the coinage at the Miacs of the United States during the month
o f May and the five months of 1895.
season compared with previous seasons:
IMPOSTS.

1894-5.
1893-4.
1892-3.
1891-2.
ImportBofwheat.owt.50.94y,366 43,688,585 43.413,662 47,448,005
Barley......................... 19,830.54 4 24,649.4w7 13.169,671 14,589,105
Oats............................... 10,167,277
9.363,610
9,392.921 9,926,123
P e a s ............................ 1,761,589
1.858,550
1,620,963 2,159,122
Beans........................... 3,283,2*2
3.912.258
3,207,137 2,608,886
Indian c o r n .................18,51«,914 25,125,805 22.139,206 20,293,321
Flour.......................... 14,393,700 14,122,510 15,405,776 14,746,084

Supplies available for consumption (exclusive of stocks on
September 1):
1894-5
1893-4.
1892-3.
1891-2
Wheat lmported.owt.50.9*6,366 43,668,585 43,413,662 47,448.005
Imports of Hour........ 14,3*3,700 14.122,510 15,405,776 14,746,084
Bales o f home-grown. 16,75 f,951 17,733,945 20,953,568 24,754,733
Total......................82,094,017 75,525,040 79,773,006
1894-5.
1893-4.
1892-3
Aver, price wheat week.2 2s 101.
24s. 5d
27s. Od.
Average price, season..20s. Od. 25s. lOd.
26s. 8d.

86,948,822
1891 2.
31s 6d.
34s. 8d.

The following shows the quantities of wheat, flour and
maize afloat to the United K ingdom :
This week.

Wheat...................qrs.
Flour, equal to qrs.
Maize....................qrs.

3,596,000
255,0. 0
2a9,000

Last week.

3,499,000
268,010
257,000

1894.
3,696,000
327,000
630,000

i v 93.
3,578,<>00
317,ObO
514,000

E nglish F inancial '{s r k e is -P e r Cable.
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending June 7:
L ondon.

Sat.

Silver, per o z.................. 3011k
Consols, new, 23l p. ets.
For account.............
FFch rentes (inParislfr. 102*60
Atoh. Top. & S. Fe. com.
;
Canadian Pacific............
Chic. Milw. & St. Paul..
Illinois Central..............
Lake Shore.....................
Louisville & Nashville..
Mexican Central 4s.......
•«1
N. Y. Central & Hudson
Q
N. Y. Lake Erie & West.
2d co n sols................ .
Norfolk & West'n, pref.
o
Northern Paellio, pref..
w
Pennsylvania. . . . . . . . . . .
Phil. & Read., per share
Southern Ry., com .........
do
pret’d . . . .........
Union Pacific........ ........
Wabash. n*ef..................
* First assessment paid.




Mon.

Tues.

Wed.

Thürs.

Fri.

3 0 ilia 30916 30%
30%
30%
1069le *106
1063,8 166318
1063, « 106%
1069jfl *106
102-40 102-65 02-57% 02-47%
9%
11
10
9%
>
54%
53%
53
5-2%
67%
69
68%
67%
97%
98
98
97%

i-3
O
w

59%
67
104%
11%
70%

58%
67
104%
jUllfc
69%

58%
67
104%
10%
68

20%
54%
10

19%
54
9%

14%

40
14
............

- -

58%

M ay.

Denomination.
Pieces.

Five Months.
Value.

Pieces.

jonbie eagles..........
Sagles.. . . . . . . . . . . . . .
Half eagles.............
Three dollar«........
quarter eagles........
Dollars.... . . . . . . . . . .

79,009
8,51
499,7^7

$
1,580,180
85,100
2,498,635

9

23

Value.

$
672,253 13,445,060
317,355 3.173.550
978,544 4, b92,720
44

110

Total g o ld . . . . . . . . .

587,235

4,163,938

Standard Dollars....
Half Hollars.............
Quarter d olla rs.....
D im e).......................

150.180
178.180
556,861
620.180

150.180
89,09'
139.2)5
62,018

850,470
1.790.470
3,117,151
1.490.470

850,470
895,235
779,288
149,047

Total silver...........

1,505,401

440,503

7,248,561

2,674,040

Five cents................
One c e n t . . . . . . .. . . . . .

1.480.180
1.350.180

74,009
13,502

5,653,034
12,532,7^6

282,652
125,328

18,185,820

407,980

Total m in or. . . . . .

2,830,360

87,511

Total eoin aee.....

4.923.016

4.691.952

1,96=,196 21,511,440

27.402,57' 24.593.460

C hanges in L egal Tenders and N ational B ank Notes to
June 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 changes in legal tenders held for the redemption o f
bank notes up to June 1.
U t i U t v u C U lI u K, . » O t t i —

Amount outstanding May 1, 1 8 9 5 ...........
Amount issued during May................ . . . . . . . .
Amount retired during May........................ .

$2.982,652
l,223,o46

Amount outstanding June 1,1895*.

$209,628,923
1,7c 9,106
$211,388,029

L>gnl Tender Notes—

Amount on deposit to redeem national bank
notes May 1,1895................... .............
Amount deposited during May...................
Am t reissued and bank notes retired in May.

$524,6=5
l,20o,633

$27,094,599
676,148

104
lo%
67%

Amount pn depos't to redeem national
b mk note* Juoe 1 ,1 «95.. .. . . . . . ....
$26,418.451
"Cn-ouiation ox National Gold Banks, not Included lu above, $90,66 7.

18%
54
8%

18%

40
13%

39%
13%

According to the above the amount o f legal tenders ou
deposit June 1 with the Treasurer of the United States to
redeem national bank notes was 126,418,451. The portion o f
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks
reducing or retiring their circulation, was as follows on the
first of each of the last five months:

....

8%

THE CHRONICLE.

998
Deposits by—

Feb. 1.

March 1,

A p ril 1.

[V ol. LX.

June 1.

M ay 1 .

—The Lake Street Elevated Bondholders’ Committee an­
nounce that $6,261,000 o f the first mortgage bonds
have been deposited with the Northern Trust Co., Chicago,
Insolv'ntbks.
Liquid’g bus
under the adjustment agreement. Further deposits will be
Bed’c’g under
act of 1874* 23,193,602 22,244,094 21,398.673 20,900,718 20,203,809 received up to July 10 upon payment of $15 a bond.
—Messrs. Rudolph Kleybolte & Co., Cincinnati, offer for
Total...... 29,531,695 28,467,332 27,602,761 27,094,599 26,418,451 sale $600,000 city of Allegheny, Pa., 4 per cent water bonds.
These bonds are a legal investment for New York savings
* Aot of June 20, 1874, and July 12,1882.
B onds H e l d b y N a t io n a l B a n k s .—The following interest - banks. See particulars in advertisement.
—Messrs. N. W . Harris & Co. have issued a new invest­
Ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national ment list and will mail it on application to them at 15 Wall
bank circulation and to secure public moneys in national bank Street, New York.
depositaries on May 31.
—Messrs. E. H. Gay & Co., Boston, offer $400,000 Massa­
chusetts 3J^s and $50,000 Cuyahoga County, O., 5s.
U. S. Bonds Held M ay 31,1895, to Secure—
—The Bank of America’s quarterly statement will be found
D escription o f Bonds.
in our advertising columns.
Publie Deposits
B ank
Total Hela.
$
$
$
$
1.149,263 1,085.143 1 ,0 2 2 ,0 2 0 1,021,523
5,188,830 5,138,095 5,182,063 5,172,358

$
949,924
5,264,718

in Banks.

Circulation.

2 per cts., funded 1891..

$1,152,000
525.000
11,993,000
575.000
1,033,000

$12,443,000
12.589.350
149,173,61 0
9,851,000
22.595.350

$13,595,000
13.114.350
161,166,600
10,426,000
23.628.350

Total,.........................

*15.27a,000

$206.652,300

$221,930,300

Currency 6 s, Pac. R R ...
5 per cents, 1894............
4 per cts., funded 1907..

City R ailroad Securities—Brokers’ Quotations.

following are
the imports at New York for the week ending for dry goods
May 30 and for the week ending for general merchandise
May 31; also totals since the beginning of the first week in
January.
I m po rt s

Exports

and

f o r t h e w e e k . —The

FOREIGN IMPORTS AT NBW YORK.

|

For Week.

Dry Goods.......
Gen’l mer’dise.

1894.

1893.

1892.

$1,864,207
6,604,748

$1,593,618
6,679,520

1895.

$1,218,591
7,509,993

$1,947,952
7,885,818

$8,728,584
$8,472,955
58,273,138
$9,833,770
Total..........
Since Jan. 1.
Dry yoods....... $54,044,278 $66,481,358 $37,951,650 $66,289,354
Gen’l mer’dise. 189,698,257 219,087,746 150,438,781 155,138,930
Total 22 weeks $243,742,535 $285,569,104 $188,390,431 $221,428,284

The imports of dry goods for one week later will be found
in our report o f the dry goods trade.
The following is a statement of the exports (exclusive o f
specie) from the port of New York to foreign ports for th e
week ending June 4 and from January 1 to date :
EXPORTS FROM NEW YORK FOR THE WEEK.

1892.
For the week..
Prev. reported.

1893.

1894.

1

1895

$6,449,714
$3,474,084
$8,044,407
$7,172,907
166,345,196 140,062,010 153,300,719 143,054,295

Total 22 weeks. $174,389,603 $147,234,917 $159,750,433 $146,528,379

The following table shows the exports and imports of specie
a t the port of New York for the week ending June la n d
since January 1, 1895, and for the corresponding periods in
1894 and 1893:
EXPORTS AND IMPORTS OF SPBOIB AT NBW YORK.

Week.

Since Jan. 1.

Great Britain..........
France......................
G e r m a n y ............
West Indies..... ........
M ex ico................... .
Bouth America........
A ll other countries.

$8,087,500
11,916,400
5,774,286
*2,250
130,950 7,475,221

Total 1895........
Total 1894.........
Total 1893........

*173,200 $34.374,749
5,170,860 46,985,210
6.510,900 67,639.118

862,3*5*4
258,983

4Ò.Ò0Ó

Exports.
Silver.

Great B rita in ....---Germany.............. . . .
West In d ie s....,.......
M exico............. ‘ ....... .
Bouth America..........
A nother countries..
Total 1895..........
Total 1894..........
Total 1893..........

Week.

Since Jan. 1.

$920,885 $13,253,051
500

11,525
83,637
399
484,442
17,277

$921,385 $13,850,331
597.895 15,966,215
787,502 11,956,379

Ask.

Ask.

Gas Securities—Brokers’ Quotations.
GAS COMPANIES.

Bid.

Brooklyn Gas-Light........ 125
135 150
81
Consumers’ (Jersey City). 77
99 101
05
Citizens’ (Brooklyn)........
Jersey City & Hoboken.. 1*8 0 “ 200
Metropolitan—Bonds....... 108
Mutual (N. Y ................... 170 176
Nassau (Brooklyn)......... 210
100

N. Y. & East Kiv. lst 5s.. 96
Common.................

66

97

31

People’s (B rook lyn )..........
Peoples’ (Jersey C ity )—
M etropolitan (B ro o k ly n ).
W illia m sb u rg...... ..............
1st 6s................... . . . . . . . . .
Fulton M u nicipal..............
Bonds, 6 s . . . . . . . . . . . . ----E q u ita b le ... . . . . . . . . . . . . . . .
Bonds, 6s, 1899..........

90
170
175
205
105
175
105

108

200

106
Standard prei....... ...... 106 >* 108 *a
6» 61
Common............ .
63 1«
Western Gas .... . . . . . . . . 6L
Bonds, 5s.......................... 89 k» 90 >9

A uction Sales.—Among other securities the following, no
regularly dealt in at the Board, were recently sold at auction t
By Messrs. R. V. Harnett & C o.:
*
Shares.

20 Brooklyn City RR. C o ...................................................................168%

By Messrs. Adrian H. Muller & Son:
Shares.

2 Chem’l Natî^BMrU.lOS & 4,205
149 Pennsylvania RR. C o....10538
Week.
Since Jan. 1
8 United N. J. RR. & Canal
Cos.................................250*8
*95.834*13.568.380
40 Wagn’r Pal.Car Co. 165 *2 &166
130,235
4,603^988 100 Consol. Gas Co. of Balt. 617a
1,527,152 200 Standard Consol. Mining
1,400
C o .................................. 2%
134,440
97 Merchants’
National
18,898
9,997
Bank. ............. 133*4 to 13438
186,635
7,374
18 Nat’i B’k of the Republic. 152 *a
58,170
6 6 Manhattan Co. Bank....190*8
90 B’k of New York, N B.A.2 JO
$244,840 $20,097,663
17 Corn Exchange Bank___285*4
1,312,171
9,115,303
12,199
5,117,805 100 Farmers’ Loan & Tr. Co.751
1 Cert. N. Y. Produce Ex.,
Im ports.
all assessments paid .... $390
50 Tenth aud Twenty-third
Week.
Since Jan, 1.
St. Ferry Co. of N. Y .. . 873s
6 Edison Eleo. 111. Co. of
$40,730
Brooklyn........................109*4
3,364
5 Trow Directory Printing
3,809
& Bookbind, Co., pref. 53
$26,439
137,898
253,017
5,748
90
170,528
13,551

gunking

$32,277
53,830
9,206

Bld.

Colnmbns & 9th Ave. 5s. §108 108 »4
D. D. K. B. & Bat’v—Stk. 173 176
1st, gold, 5s, 1932.J&D 114 k» 116
Scrip............................ §103 104*3
Eighth Avenue—Stock... 305
Scrip, 6 s, x914............. 103
42d & Gr. St. Fer.—Stock 305 315
59
42d St.& Man.&8 t.N.Av. 56
1st mort. 6 s, 1910.M&S §115 116%
58
56
2 d mort.Income 6 s. J&J
Long Island Traction.... 11*9 11 %
Lex.Ave.&Pav.Ferry 5s. §107% 108»a
»7
Metropolitan Traction... 96
Ninth Avenue—Stock... 150 155
Second Avenue—Stock.. 149 153
Jst mort., 5s, 1909. M& N 108 109%
Debentnre 6 s, 1909. J&J 103 104*«
Sixth Avenue—Stock— 214*3 217*3
Third Avenue—Stock... 181 182 *«
1st mort., 58,1937. J &J 119
Twenty-Third St.—St’k. 300
Deb. 5s, 1903............... 100 105
Union By—Stock........... 106
§104 105*3
Westchest’r, lst,gu.,5s. § 98*3 100

§ A n d a c c r u e d in te r e s t .

Im ports.

Exports.
Gold

Bld.

Atlan. Ave., B’klyn—
Con. 5s, g., 1931.. A&O 107 110
Impt. 5s, g., 1934..J&J 85
31
Bleek. St. & Fui. F.—Stk. 29
lst mort.. 7s, 1900. J&J §U 0 k» 1 12 k»
B’ way &7th Ave.—Stock, 199 k, 203*3
lst mort., 5s, 1904. J&D §106 k» 108 *a
2d mort., 5s, 1914.J&J §109 111
B’way lst,5s,guar.l924 §111 *1» 1 1 2 *a
2d 5s,lnt.às rent’1.1905 §104% 106 k»
Consol 5s, 1943...J&D 111 lit**
Brooklyn City—Stook.... 170 171
Consol. 5s, 1941...J&J
112 k»
Bkiyn.Crosst’n5s.l90S 105 ..
Bkl’n.Q’nsCo.&Sub.lst §101 103
Bklyn.C.&N’wt’wn—Stk 200
5s, 1939........................ §108 109
12%
Brooklyn Traction.........
13%
5
Preierred....................
67
Central Crosstown—Stk. 185 200
.
.
lst M., 6 s, 1922...M&N §118
Cen.Pk. N.&E.Rlv.—Stk. 163 k. 166
Consol. 7s, 1902...J&D §114
Christ’p’r&roth St.—Stk. 150 155*
lst mort.,1898 ...A&O 105 103

$622,897
655,272
1,972,850

Of the above imports for the week in 1895 $65 were Ameri­
can gold coin and $901 American silver coin. Of the exports
during the same time $40,000 were American gold coin.

S amuel

300 Mechanics’ Nat'i Bank. .185*2
25 Nat’i Union Bank.......... IDO1*
1,000 Amer. A rt Pub. C o....$5 lot.
Bonds.

$5,000 N. Y. & New Eng. RR.
1st 7s, 1905. Jan., 1895,
coupons on ................... . . . . 120*4
$8,000 Essex Passenger Ry.
Co. consol. 6 s, 1905. M & N .lll**
$ 8 .0 0 0 United N. J. RR. &
Can’IOos.lst 6 s, tool.M & 8.113%
$1,000 City of B’klyn Water
L oau 6 s, 189 6 . J& J.102% &m t.
$ 6 ,OoO Columbus & Tol. RR.
1st 7s, 190o, F&A.............. 120%
$5,0J0 Northern RR. of N. J.
6 s, 1917. J & J .................... 116*8
$10,000 Nyack & North. RR.
6 s, guar., 1900. J & J ...........106*8
$5,000 Phil. & Head. Coal &
I. Co., 5s, Pur. Money, ls9S.
M&N...................................... 92%

ami

ffitxatxciaL

D. D av is & C o .,
B A N K E R S,

NO, 4 0 W A L L S T ., N E W Y O R K .
S am uel

D. D a v is .

Ch a s .

B, V a n N o s t r a n d .

— Attention is. directed to the guaranteed stocks and bonds
Spencer T r a s k & C o . ,
advertised by Messrs. Redmond, Kerr & Co. in to-day’s issue
BANKERS,
under “ Investments.” Among the former are issues guaran­
NEW YORK.
teed by the D. L. & W ., Del. & Hudson, Pennsylvania and 2 7 & 2 9 P I N E S T R E E T ,
65
Stale Street, A lbany.
N. Y. Central companies, and among the bonds are Illinois
INVESTMENT SECURITIES.
Cent.'.D. L. & W ., Lehigh Val., West. Union, and other issues,
including two issues of first mortgage street railway bonds.
G EO RG E B A R C L A Y M O F F A T .
A L E X A N D E R M . W H IT E , J R .
—The Reorganization Committee of the Fidelity Loan & Trust
Moffat & W hite,
Co. of Sioux City, Iowa, Otto T. Bannard, Chairman, gives
notice that the time to deposit debentures with the Conti­
BANKERS,
nental Trust Co. has been extended to June 26, after which
N E W
Y O R K
date outstanding holders will not be entitled to Jthe benefits 3 0 P I N E S T R E E T ,
of the agreement and plan of reorganization ,
- .ml
INVESTMENT SECURITIES.




% itz

999

THE CHRONICLE.

J une 8, 1895.]

j a n k e r s ' (S u jette*
D IV ID E N D S .
P er
Cent.

Name o f Company.

R a ilro a d s.
Albany & Susquehanna, guar....
Boston & Albany, (quar.)...........
Boston & Lowell...........................
Chic. & Bast. Ills., pref. (quar.)..
Chic. & North West. pref. (quar.)
Chic. & Northwest, common___
Clev. Cin. Ch. & 8t. L. pref. (quar)
Col. Hock. Val. & Tol. pref.........
Eastern of N. H ..........................
Mexican Northern, (quar.)........
N. y . N. H. & Hartford, (quar.)
Rensselaer & Saratoga, guar—
Un.iN. J. K B . & Can.guar, (quar.)
B anks.
Bank of the M etropolis.............
M iscellan eou s.
Amer. Sugar Rfg., com.(quar.)...
do
do
pref. (quar.) ..
do
do
pref.(semi-an.)
Chicago City Ry, (quar.).......... .
Commercial Cable, (quar.)..........
West EDd Street Ky (Boston) prf.

When
Payable.

31« July
2
June
31« July
11« July
1* 1 July
1 1 «!
1% July
2i« July
I*« June
1 June
July
2
4
July
21« July

B ooks closed.
(Days inclusive.)

l 1June 16 to July 1
29 June 9 to June 30
l'Jun e 6 to June 12
1 ------- t o ------------5 June 11 to June 23
1 June 16 to July 1
l'June 6 to July 1
151------- t o ------------15 June 9 to June 16
1 ---------- to ---------1 June 16 to July 1
10 June 21 to June 30

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling }^@1-10 prem ium ; Charleston, buying par,
selling
premium; New Orleans, bank, $100 premium,
commercial $1 00 discount; Chicago, 80c. per $1,000 pre­
mium; St. Louis, 60@75c. per $1,000 premium.
United States Bonds.—The market for Government bonds
has been firm. Sales at the Board include $8,000 4s, coupon,
1907, at 113^£ ; $20,000 5s, coupon, at 116]^, and $50,000 4s,
coupon, 1925, at 123%.
The following are the closing quotations :
Interest June
1,
Periods

June

3.

June

4.

June

5.

June

6.

June

7.

2 s ,.....................reg. Q.-Meh. * 97 * 97 * 97 * 97 * 97 * 97
4s, 1907.............reg. cJ.-Jan. * i l l ’ s ♦ I l l ’ s ♦ I l l ’ s ♦ I l l ’ s ♦ I l l ’ s ♦ I l l ’ s
4s, 1907.......... coup. Q.-Jan. *113
113% *113 *113 *113 *113
4s, 1925.............reg. Q.-Feb. *12338 *12338 *12338 ♦1233s *12338 *123%
4s, 1925.......... coup. <3,.-Feb. *12338 *1233s *12338 ♦1233g *1233s 123%
5s, 1904....... ...reg. (J,- Feb. *116 *116 *116 *116 *116 *116
— to
June
116% *116 *116 *116
5s, 1904..........coup. Q,.- Feb. *116 *116
6s, our’cy,’ 9 5 ...rsg. J. & J. *100 *100 *100 *100 *100 *100
*101 *101 *101
*101
*101
6s, our’ey,’9 6 ... reg. J. & J. *101
2 June 15 to July 2 6s, our’cy,’ 97. .reg. J. <Ss J. *103 *103 *103 *103 *103 *103
*106 *106 *106
*106
6s, our’cy,’ 98...reg. J. & J. *106 *106
12 June 5 to June 12 6s, our’cy,’9 9 ...reg. J. & J. *10-<i« *108% *108% *1081* *108% *108%
1 June 22 to July 1 4s, (Oher.)1896.reg. March. *100% *100% *100% *100% *100% *100%
1 June 12 to June 22 4s, (Cher.) 1897.reg. March. *100% *100% *100% *100% *100% *100%
4s, (Cher.) 1898.reg. March. *100% *100% *100% *100% *100% *100%
4s, (Cher.)1899.reg. Maroh. *100% *100% *100% J*100% *100% *100%
W A L L ST R E E T . F R ID A Y , JUNE 7 , 1 8 9 5 .- 5 P . M.
* This is the prioe bid at the morning board, no sale was made.

The Money Market and Financial Situation.—The invest­
United States Sub-Treasury.—The following table shows
ment demand for securities o f all classes which was apparent
early last month seems to have become largely satisfied and receipts and payments at the Sub-Treasurv.
is no longer a prominent feature of this market. There has
B alances.
been very little reaction, however, especially in the stock Date. Receipts. P aym ents.
Coin Cert’s. Ourrsney.
Coin.
market, and prices are generally well sustained.
$
$
$
$
$
835,730 63,553,318
Recent heavy rains in the West have improved the crop J’ne 1 2,157,026 2,471,889 85,101,959
850,996 64,508,966
2,548,310 85,101,611
•• 3 3,518,876
prospects, and the reports of decreased earnings on some of
969,899 64,670,757
3,200,702 85,201,894
“
4 3,581,679
978,114 65,143,123
2,567,136
2,121,369 85,167,030
«
5
the granger roads is largely lost sight o f in view of the hope­
922,379 65,491,602
82,821,502
5,211,491
“
6
3,158,647
1,133,600 65,123,395
ful outlook for next season’s business.
2,347,197 93,256,063
“
7 12,624,772
Total 27,608,136 17,900,948

pected and had little or no effect beyond a decline of one
point in the stock itself, a part o f which it has recovered to­
day.
Considerable interest has centered in the foreign exchange
market during the week. The demand for bills has exceeded
the supply, and has been met by Syndicate offerings. Under
these conditions rates have advanced to near the highest of
the year.
W ith a few exceptions the reports of railroad earnings
which have been announced this week show a favorable con­
dition o f traffic when contrasted with the' dull period of a
year ago.
The money market continues without feature.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 1% per
cent. To-day rates on call were 1 to 1% per cent. Prime
commercial paper is quoted at
to
per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £478,500, and the percentage
of reserve to liabilities was 62‘19, against 63"40 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease of 3,550,000 francs in gold and
an increase of 1,500,000 francs in silver.
The New York City Clearing-House banks in their statement
of June 1 showed an increase in the reserve held of $2,337,600 and a surplus over the required reserve of $41,221,250,
against $39,975,150 the previous week.
1895.

June 1.

Capital......
Surplus___
Loans & disc’nts.
Circulation.
Net deposits
Specie..........
Legal tenders....
Reserve beld.......
Legal reserve....

D ifferen’ tfrom
Prev. week.

$
$
62,622,700
71,951,500
502,547,v00 In o.2,448,500
13,256,200 Deo.
65,200
566,229,400 Inc .4,326,000
70,641,000 I n c .1,056,600
112.137.600 In o .1,271,000
182.778.600 Inc 2,327,600
141,557,350 In c .1,081,500

1894.

1893.

June 2.

June 4.

$
59,922,700
71,545,100
464.993.600
9,933,600
572,138,400
99,018,600
121,981,100
220,999,700
143.034.600

$
60,422,700
71,367,500
416.690.200
5,570,500
431.411.200
70,156,400
58,683,900
128.840.300
107.852.300

Surplus reserve 41,221,2 5 0 In c .1,246,100 77,965,100^ 20,937.500

F oreign Exchange.—The market for foreign exchange has
hardened as the week advanced, and rates are now near the
maximum. The offerings of all classes of bills is restricted,
the demand being supplied chiefly by the bond syndicate.
To-day actual rates of exchange were as follow s: Bankers,
sixty days sterling, 4 88%@4 88%; demand, 4 89%@4 89% ; ca­
bles, 4 89% @4 89%.
Posted rates of leading bankers are as follows :
June 7.

Sixty D ay8.

Demand.

Prime bankers' sterling bills on London..
4 89
4 90
Prime commercial.................................... 4 87%@4 88
Documentary commercial......................... 4 87% ®4 87%
Pans bankers’ (franos)............................. 5 16%@5 15<*ig 5 145i„a5 14%
Amsterdam (guilders) bankers................ 403i8@40%
4038®40’ i8
Frankfort or Bremen (reichmarks) b’kers* 9.V7,«@95%
9511,«@95%




Coins.—Following are current quotations in gold for coins •
Sovereigns.. .....$ 4 87
Napoleons........... 3 88
X X Reichmarks. 4 78
25 Pesetas........... 4 80
Span. Doubloons. 15 50
Mex. Doubloons.15 50
Fine gold bars.. . . par

Fine silver bars.. — 67 « — 68
4 91
Five francs......... — 90 a — 95
@ 3 94
Mexican dollars. — 53 @ — 54
@ 4 85
@ ----Do unoom’oial.
@ 4 88
Peruvian sols.... — 50 @ — 52
@15 75
English silver... 4 85 a 4 92
@15 75
a % prem. U. S. trade dollars — 55 a — 75

State and Railroad Bonds.—Sales of State bonds at the
Board include $14,000 Tenn. settlement 3s at 87; $2,000 Ala­
bama Class A at 108% and $84,000 Virginia fund, debt 2-3s
of 1991 at 60% to 62.
The railroad bond market has been dull and featureless, with
prices generally declining. The exceptions include Ches.& Ohio
bonds, which have been among the most active issues, and are
from about 1 to 2 points higher, influenced no doubt by the re­
ports of earnings, which show an increase o f over $90,000 for
the last week in May. St. Louis Southwestern have made a
somewhat smaller gain. Southern Ry. 5s have advanced^ on
liberal sales, and some o f the Union Pacific issues are fraction­
ally higher than last week. The Atchisons are weak, as the
reorganization plan promises to become effective and have
declined from about 1 to 2 points. Texas & Pacifies, Mo. Kan.
& Tex., Ore. Short Lines, No. Pac. and Wabash issues are
among the most active on the list, and are generally lower.
U. S. Cordage bonds are specially weak in sympathy with the
stock, and have declined about 7 points, closing at 31%.
R ailroad and Miscellaneous Stocks. — The market for
stocks has ruled dull during the week, and the tendency has
been towards lower prices. The foreign demand has been
limited. The certainty of a reduced winter-wheat crop and
the uncertainty as to spring wheat have been used as argu­
ments in favor of the bear element.
Notwithstanding these facts and talk about a reduced divi­
dend on North Western shares, Burlington & Quincy closed
fractionally higher to-day than it did last Friday, and other
grangers, including North West., closed only small fractions
lower than pur last quotations.
The coal stocks have been more irregular, and under limited
sales Central o f N. J. and Del. & Hud. Canal have been weak,
and close from % to 3 points lower than last week. Reading
has lost over 3 points on liberal offerings, while N. Y . Sus. &
Western found no support until to-day, under continued
selling pressure, and the common has declined from 12% to
8% and the pfd. from 36% to 25% witnin two weeks. It is
reported to-day that the Treasurer of the company has been
served with a copy o f an attachment for $2,400 against the
company.
The industrials seem to have received their share of atten­
tion. Am. Sugar has been unusually steady, ranging from
117% to 118%, at which it closes. U. S. Rubber common has
been active and declined several points, presumably as the re­
sult of profit-taking, as there have been no new conditions
announced. General Electric has fluctuated between 35%
and 37% on various reports about its relations with the
Westinghouse Company. U. S. Cordage has reached another
epoch in its history and has gone into the hands of receivers,
as a result o f which the common closes at 1% and the pfd.
at 3%. U. S. Leather has been steady.

1000

THE CHRONICLE.

IV ol. LX*

M W YORK STOCK EXCHANGE—A C T IV E STOCKS fo r week ending JUNE 7, and since JAN. 1, 1895.
HIGHEST AND LOWEST PRICES.
Monday,
June 3.

June 1.

Tuesday,
June 4.

Wednesday,
June 5.

Thursday,
June 6.

Friday,
June 7.

STOCKS.

Sales of
the
Week,
Shares.

Range for year 1895.
Low est

H ighest

A c t iv e R R . S t o c k s .
7%
8
6% 8
6
6
6%
5%
6%
3% Jan. 30 9 % May 136 Atchison Topeka & Santa Fe 44,592
*1%
1*4
1% *1
*1%
375
1%
1%
1% Atlantic & Pacific..................
1%
1%
% Feb. 27
2 May 13
62% 62% 62
62
61% 62 Baltimore <fe O hio.................. .
62
62% 61% 62
1,849 49 Mar.
65% Jan. 18
54
52% 52% *52% 52%
*51% 57% Canadian Pacific......... .
2 33 Mar.
59 Jan. 2
531«
% 53% 53% 53% 54% 53% 53% 53
53% 53
2,770 48 Jan. 30 55% May 17'
53% Canada Southern. . . _______
*1011« 102
101%10l% 1 0 0 % 1 0 1 % 99% 100% 98% 99% 97% 98% Central of New J e r s e y ....... 16,629 81% Feb. 18 102% May 18
*19
20
19% 19% 19% i9% *19
19% *18% 19% * 1 8 % 19% Central Pacific.......... ............
200 12% Feb,
20% May 13
223«
>4 22% 22% 22% 23
22% 22% 22% 22 % 2 2 % 22% Chesapeake & Ohio............... .
6,300 16 Jan. 29 23% May 11
*150
. *15)
T50 ,
*150 ........ *150
150
Chicago <feA lton .....................
150 Apr. 26
147 Jan.
% 80% 82% 81% 82% 81
8058
81% 81% 81% 81
81% Chicago Burlington & Quincy 57,566 69 Mar. 4 82% June 4
54
54
53
53%
54
51% 51% 53
900 50 Jan. 12 57 May 8
Chicago & Eastern Illinois..
*99 100
100 100% io o 1 0 0
100 100
*99% 101% 101 101
277 90 Jan. 31 102 May 27
Do
pref
66% 6” % 66% 67% 67
65% 66% Chicago Milwaukee <feSt. Paul 54,991 537s Mar. 9 68% May 17
67% 66% 66% 6 6 % 66
* 120 % 121 % *120
121
120% 120 %
1 2 i% 121% 121 122 * 120 % ____
449 114% Mar. 29 122 June 5Do
pref
977s 9ê * 98
00% .98% 99% 97% 98*8 97% 98% 97% 98 Chicago <&Northwestern___ 30,976 87% Mar. 4 100% May 17
*14<% 146 *144%
144% 145 *144% 147
145 145
145 145
300 137 Feb. 14 145 Jan. 25
Do
pref.
68%
68% 69
r8 69
69% 68% 69% 6*% 69
6 8 % 6 8 % Chicago Rook Island & Pacific 12,512 60% Jan. 3 70% May 25
*37%
38% 38% 39
37% 38
38
38% Chicago St. Paul Minn. A Om
4 38
38% 39
3, tOO 28% Mar. 8 39% May 18
*115 115 *114 115 *114 115 *114 115
114 115 *113 115 ~
104 Mar. 30 114% May 1L
Do
pref.
44% 441% 44% 44% 45
45
44% 44% 43% 44% 43% 43% Cleve. Cinoin. Chic. & St. L...
3,380 35% Feb. 13 45% May 24
*08% 893e *88% 89% 89% 89% *88
89% 89% 8«% 89% _
90
340 82 Jan. 10 89% May 17
Do
pref.
26% 263a 26% 27
26% 26% 26% 26% 25% 26% 25% 25% Columbus Hocking Val. <feTol
2,900 16 Jan. 29 27% Apr. 1
*........ 67
62% 62%
*62% 65
*62% 65
67 * ........ 67
100 55 Jan. 9 69% Mar. 27
Do
pref
130 130
130 130
129% 130
128% 129% 128% 129% 128% 129 D elaw are* H u d s o n ..........
5,764 123 Mar. 9 133% Jan. 18
*lfcO% 162
162 162
16 L 162% 160% 161
161 162 Delaware Laokawanna&West
2,590 155% Mar. 8 166% Jan. 18
14% 141s 15% 15% *15
15% *14% 15% *14% 15
14% 14% Denver <feRio Grande . . . . . . .
225 10% Jan. 29 16% May 11
*46% 473s *46% 48
*46
47
*47
48
*45% 46%
47
47
140 32% Jan. 29 48% May 11
Do
pref
*45
50
*45
*45
50
*45
50
50
46
46 Evansville * Terre Haute...
*45
50
50 30 Feb. 20 51 May 11
*128 132 *128 132 *128 133 *128 133 '128 133 *128 133 Great N orth ern ,p ref........
100 Jan. 28 133 May 22
95% 951 2 95% 96% 95% 95% *95% 96% 94% 94% 94% 95% Illinois C e n t r a l..............
‘ *176 81% Jan. 4 98 May 13
10
10
9% 10
10
10
*9% 10
10
10
9% 9% Iowa C entral................
785
5% Jan. 28 10% May 25
*31% 32»2 31% 31% 32% 33
31% 31% *31% 33
31% 31% _ . Do
810 19 Jan. 31 33 May 24
pref.
24% 2478 24% 24% 24
25% 23% 24*8 23% 24
22% 23% Lake Erie * Western .............
8,945 15% Feb. 11 25% May 27
831« 8334 82% 83% 82% 82% 82% 82% 82% 82% 81% 82 _ . Do
1,029 69 Jan. 29 84 May 24
pref.
146% 146** 146% 146% 146% 146% 146 146
146 146
146 147% Lake Shore <feMich. Southern
2,125 134% Jan. 2 148 May 1388
*86
88
88
‘ 86
88
*86
88
*86
*86
88
88
Long Island............................
40 83% Apr. 19 88% Jan. 5
12
12
12% 11% 12% 11% 12
4 11
11% 12 Long Island Traction ............ 25,52.
8%
5 Mar. 25 13% Apr. 25
57% 58
57% 58% 58
58% 57% 57% 57% 57% 57
57% Louisville* Nashville............
8,592 46% Mar. 12 61 May 11
10%
8 10
10%
10%
9% 10% Louiev.New Alb. * Chicago. 16,143
10
10*8 10
10% 10
6 Mar. 6 10% May 24
*28
283 B 27 78 28% 28% 28% ‘ 27% 28
*27% 28
27% 28%
1,525 20 Jan. 4 29% May 18
Do
pref
113%114
113 114
113 114
113% 114
113% 113% 1 1 2 78 113% Manhattan Elevated, consol..
8,149 104 Jan. 2 19% May 7
100% 100% 99% 99% 100 100^* 99% 99% Michigan Central............
2 ........
479 91% Mar. 4 02% May 16
18
19
19
19% 19% 1878 19
18% 18% *18
4,350 14 May 23 19% June 4
19 Minneapolis & St. Louis....... !
84
84
84
84
04% 84% 8 1 % 83% 83% 84
875 79 May 23 85 May 27
83
85
Do
1st pref.
46
44% 45
B 46% 46% 46% 46% 44% 45
3,010 39% May 23 46% June 3
*44
46
Do
2d pref.
*17%
8 *17% 17% 16% 17% 16% 17
16% 16% 15% 16% Missouri KansaB * Texas..
3,565 12% Jan. 30 1878 May 11
32% 31% 32
31% 31% 30% 3L%
3178 32% 32
31% 32
6,830 21% Jan. 29 33% May 8
Do
pref.
28% 28% 28% 28% 27% 28% 27% 28
27% 24
27% 27% Missouri P a cific..............
5,520 18% Mar. 11 29% May 17
25%
24% *23% 24% M obile*O hio.
25% 26
25
25% 24% 24% 24
2,805 13% Mar. 20 27 May 31
90
*65
64 Jan. 29 70 Jan. 18
...................Nashv.Chattanooga&StLouis
101% 101% 102% 102% *101*8 102
101%101% 101% 101% New York Central * Hudson
i ‘,633 92% Mar. 15 104 May 16
*17
*16% 17% 16% 16% *16
17
17
17
433 11% Feb. 20 16% May 13
17
17 New York C hicago* St. Louis
*70
73
*70
*70
73
71% 71% *89
73
*70
72
190 65 Apr. 23 72 May 25
72
Do
1st pref.
31%
*30% 32
31% 31% *30% 32
31% 31% *30% 32
522 24 Feb. 21 34% May 17
Do
2d pref.
10
10% 11
10
%
10
%
10% lL
10% 10%
9,905
7% Mar. 9 14% May 13
1 0 % 1 0 % New York Lake Erie A West’n
*23
25
...
......
Do
pref.
16 Feb. 2« 30 May 13
*44% 44% 44% 44% 43% 44
43% 43% 43% 43% 43% 43% N.Y.& N.E. ,tr. recs.allins.pd
3*,338 29 J an. 29 45% May 27
210 210 *210
10 193 Mar. 20 213 May 29*2 10
........New York New H aven*H art.
18%
18% 18% 18% 18% 18
18% 17% 18 New York Ontario * Western
18% 18
3,294 15% Jan. 3 19% May 11
9%
10
10%
7% 9%
9% 10
14% Jan. 21
978 10%
6% June
6% 8% New Y orkSusq.* West.,new. 16,985
29%
31% 29% 31 % 24% 29
30% 31% 31
21% 25%
Do
pref. 43,918 21% June
43% Jan. 18
4%
4%
1 *4
4%
1,600 2 Mar.
4%
4%
3% 3%
3% 3% N o rfo lk * W e s te rn ..............
6% May 13
3%
15%
........
*15
15%
110
15
Do
pref.
14% 14% *14
19%.) an. 18
9% Mar.
*5%
5s,
5% 5%
5%
5*8
5
5% Northern P a cific.......... .........
5%
2,898
8% May 13
5*8 5%
2% Jan. 28
19% 18% 18% 18% le%
17% 18%
Do
pref
5,307 13 Feb. 27 27 May 11
18% 19% 19
„ 18?8
13
13 *........ 13 Ohio S o u th e r n ....................
13
13 *........ 13 *
8 May 14 19% May 1
*25“ 28
*25
*25
28
28*" 30% *29% 30 Oregon R’y & Navigation Co.
4,639 17 Apr. 5 30% June 6
28
28
28
*7
9
*7
9
5%
5%
*7
8 3% Jan. 20
*7
9
9
.......Oregon Sh. Line * Utah N ortb
9% May 13
6%
*5%
6%
5%
6
6
6
6%
1.225
5% *5%
6% Peoria Decatur * Evansville.
3 Feb. 4 7 May 13
18%
18%
18%
19%
15%
19
17
17%
16%
Philadelphia*
Reading........
80,7*5
7% Mar. 4 21% May 13
16%
19%
19% 19% 19% 20
*19
20
*19
"19
20
400 15 Jan. 12 22% May 13
20
20
20 rlttsburg (Jinn. Ohio. * St. L.
52% 521
*51% 52% *51% 52% 51
51
52
51% 51%
52
Lo
pref.
650 43% Jan. 30 54 May 13
*¿9
31
30% ................... Pittsburg & Western, pref ...
*29
30% *29% 30% *29% 30% "29
28 Apr. 17 33% Jan. 3
*19
19% '19
19% *19% 19% Rio Grande W e s te rn ..........
15 Apr. 16 19% May 22
114 115 *114 115
115 115 ‘ 114 L15 *114 115 '114 115 Rome Watertown & Ogdensb.
22 112% May 4 117% Jan. 21
64
64
67
68
66
*67
68
66% 67
68
900 35% Feb. 15 68 June 668
68 St. Louis Alt. * Terre Haute.
*7% 7%
7
7%
7%
7%
7%
7%
7%
1,510
7%
678 7% St. Louis Southwestern.. . . . . .
77s May 25
4% Jan. 25
15% 15% 15% 16
16
16% I f *8 15% 15% 15% 15
4,790
15%
Do
pref.
8% Jan. 29 17% May 25
*28
32
*28
30
30
31
*29% 30% '29
32
*29
31 S t Paul * Duluth....................
100 18 Feb. 5 31% May 18
*80
95
91
*b0
95
*91
95
95
*90
*01% 95
Do
pref.
95
90 Feb. 4 95 May 11
116 116
114 117
115 115 *113 116
’ *288 104 Mar. 8 116% May 15
114 117 S t Paul Minn. * Manitoba...
2 0 % 23
23% 24
22% 25% 24
25
23% 23% Southern Pacific C o ........... .
8,450 16% Apr. 17 2 5 % June 3
23*8 24
13% 13% 13% 1378 1378 14
13*8 13% 13% 13% 13% 13% Southern voting trust certif.
8,164
8% Jan. 20 1478 May 10
39% 39
39
39% 38
39% 39% 3978 39% 39% 39
9,581 29% Jan. 29 41% May 1L
38 % Do., pref. voting trust cert.
12 % 12% 12% 12%
12
12% 11% 12% 12
12 %
11% 12 Texas * P a c if ic ............... 10,050
8% Jan. 30 1378 May 13
* 2%
3
2% 2 %
*2%
3
3
3%
2% 2% Toledo Ann Arbor * N. Mich.
78 Feb. 14 4% May 14
3%
3%
250
*45% 48
*47
45
*47
48
*47
48
48
41
Jan. 14 41 Jan. 14
45
*47
48 Toledo * Ohio C e n tra l........
15
*78
81
'79% 81
79
79% 80
80
*78
81
81
81
Do
pref.
404 73 Jan. 14 81 Mar. 21
13% 13% 13% 13% 13*8 14
13%
13%
12% 13 Union P a c i f i c . . . . . . . .. . . . . . . . .
13% 13%
7% Mar. 14 17% May 11
4,240
*5%
7
5%
*5% 7
6% 6%
5%
5%
*5% 6 Union Pacific Denver * Gulf.
7% May 14
3% Feb. 11
300
5%
9
9%
8%
9
9%
9%
9%
5% Mar. 6 9% May 13
8%
8% 8% Wabash......................................
8%
4,020
8%
19% 20
20
20% 197s 20% 19
19% 18% 19
Do
pref. 12,065 12% Jan. 29 2Q% May 13
19*8 19
14% 14% 14% 14% 14% 14% 14
13% 14% 13% 13% Wheeling * Lake E r ie ........ 14,125
14
8% Feb. 28 15% May 14
*44% 46% *44% 46% 45% 45% *44% 46%| 45% 45% 4 4 -a 45 v
Do
pref.
475 35 Feb. 25 44 May 15*5
6
*5
*5
*5
2% Mar. 1 6% May 14
*5
5%
*5
5% Wise. Cen. Co.,voting tr. otfs.
5%
5%
5%
¡m is c e lla n e o u s s t o c k s .
28
28
28% 28% 23
27% 27
28
27% 27% 27
27 American Cotton Oil C o ......
900 18% Feb. 13i 30% May 13
74% 74% 75% 75% 75% 75% 74
74% *73% 75
72% 72%
Do
pref.
256 62 Fèb. 181 79% May 13
117% 118% 117% 118
117% 118% 117% 118% American Sugar Refining Co. 146,415 86% Jan. 3 119% May 22
117% 118% 117% 118
100 100% 1 0 0 % 100% 100 % 100% 100% 100% 100 % 100% 100% 100%
Do
pref.
1.492 90% Jan. 8 10O*a June 7
114% 115% 114% 115
113% 114
114 115
113%114
113% 114 American Tobacco Co............ 17,559 84% Feb. 21 117 May 27
*112 115
1 •2 115 *113 114% '113 114% 113% 113% 113 114%
Do
pref.
30 103% Feb. 27 115 May 25
74
74% 73% 74% 74
74% 74
74% 74% 74% 73% 74% Chicago Gas Co., trust reo’ts.. 24 525 70 Mar. 5 78% Jan. 11
*144% 145s ¡1143% 145% 142%144
141%142
142% 144% 144% 147% Consolidated Gas Company..
5,950 126 Jan. 29 147% June 7
2 0 % 21 % 20 % 21 % 20 % 21 %
20
20% 19% 20% Dis.* C.F.Co.,tr.ctf. all ins.pd 46,016 13% Mar. 20 24% May 13
10 78 2 0 %
35% 35% 35% 36% 36% 37% 35% 36% 35% 36% 35% 36% General Electric Co........
40,837 257s Mar. 4 377s Mar. 25
36% 36
37% 35% 37% 35% 36% 35% 35% 35% 35% NatlonalLead Co........
95
33.214 26% Feb. 16 38 Jan. 18
89
89% 89% 89% 89% 89
89% 90
89
80% 89% 89%
Do
pref.
3.233 78% Jan. 28 91 May 17
6
5%
5%
5%
5%
57s
5%
6
5%
5% 5% North American Co.............
5,245
2% Jan. 30
7 May 13
5%
13% 14
13% 14% 1 2 % 1 2 % Oregon Improvement Co.......
14
14% 14% 14% 14% 14
8 Mar. 8 14% May 24
1,395
29% 30% 29
30
29
30% 28% 29% 28% 29
28% 29 Pacific Mail................... .'........ 14,272 20 Jan. 26 30% June 3
151 ........ 149
*149 ........ *149 . . . . . . 146 ........ Pipe Line Certificates........................... 95% Jan. 4 181 May 10
172% 172% 172%173
173 173 '17 2 173% 172 172% Pullman Palace Car Company 1,373 154 Jan. 2 177 May 2
173 173
*67
67%
‘ 67
67% *66% 67% 66% 67% *67% 67% Silver Bullion Certificates.................... 60 Jan. 10 68% Apr. 1
28% 29% '2 8 % * 2 9 "
27% 29% Tennessee Coal * Iron............ 13,568 13% Jan. 29 29 % May 31
28% 29% 28% 28% 28% 29
87% 87%
Do
pref.
100 74 Apr. 17 88 May 27
3%
3%
2% 2 %
8 % J an. 4
3% 3%
2%
2%
3%
1%
2 United States Cordage Co___ 24,071
2%
l% J u n e 7
4%
6%
6%
6%
5%
3% 4
5%
5% 5%
Do
pref. 14,662
3% June 7 13% Jan. 4
6%
5%
21% 22%
2 1 % 22
21 % 207s 21 % 2 0 % 21 % United States Leather C o . . . . 11.102
21 % 2 2 % 21
7 Feb. 27 24% May 3
95
95
95
95
93% 94%
94% 95% 93% 94% 93% 94
Do
pref.
5,227 58 Feb. 27 97% May 27
46
47% 46%
47% 43
44
44% 42
44
40% 42% United States Rubber C o ..... 60.174 38% Mar. 5 48 June 3
92% 92% 92% i k
92% 93% 92% 92% 92
92% 91% 92% Western Union Telegraph....) 9,215 86 Jan. 29 937s May IQ
7%
*13s
62%

%
%
%

These are bid and asked; no sale made.




y Lowest is ex dividend.

1001

THE CHRONICLE.

June 8, 1895.]

NEW YORK STOUE EXCHANGE PRICES (Continued)—IN ACTIVE STOCKS.
June 7.
in a c t iv e

I Range (ta les) in 1895.

In

Sto ck s

If Indicates unlisted.

Bid.

Ask.

Lowest.

R a ilr o a d S tock s.

Range (sales) in 1895.

June 7.

stocks.

.m iscellan eous Stock s.
American Bank Note Co If

100
100
1 00
100
100

50

100
100
1 00

.....1

7

6*3

100 50
100
100
100 { 63
.100 t 28%
100
8
8
.100
100
8
. 50 310
.100 75
3
.100
.100 17
.100 10
.100 { 7
100 1 41%
.100 t 97*8
.1001 ........

Pennsylvania C o a l.......
Postal Telegraph—Cable

|U. S. Rabber ;
Wells. Parvo ! ixpreas

May

8

6*9 May

144 149
4L
42*9
{114*8
94*3
24*9
3
3%

Jan. 148 Apr.
May 37 May
Feb. 119*9 May
Mar. 96*9 May
Mar. 25 June
4*4 May
1*9 Apr.
89 Feb. 95 Jan.

140
37
109
89
13

.100 X 9 %
100 { 27*8 28
100
8
.100
7
100 {162
.100 I 32
.100 t 98% 100*3
100
.100
32%
.100 { 32
89
.100 88
Lehigh & Wilkesbarre Coal If

Highest

Lowest.

Bid. 1Ask.

1f Indicates unlisted.

Highest.

1 oo 170
6 Apr. 12 May
12
.100 10
Balt & O. S. W. pref.:
....
132*9
.100 102 10 i 101*9 Apr. 103 Feb
....
....
.100 2 L 22
19 Apr. 24 May
.100 J 21*9
60
Apr.
58
Jau.
60
.100
45 May 45 May
.100 45
156 Jan. 157*9 Jan.
£0 1.5514
8*«
9*9 5*9 Feb. 10*8 May
.100
30 Jau.
4.0 May
45
.100 38
6% Apr.
2 *9 Mar.
6%
6
.100
.100 11?» 13*8 5*4 Mar. 13% May
9 Apr.
17*9 May
.100 { 14»«
34 Apr. 45 May
45
.100 42
Preferred....... ..
2 May
*4 Feb.
1
1%
.100
4*9 May
3*9 1*8 Feb.
.100
2*4
__
1*3 Mar.
3*8 May
10Û
86 May 88 Jan.
100
9
10*9 8% Feb. 10 Apr.
.100
3 Jan.
6 May
too
13*9 Mar. 16 June
.100 Ï 10
1 *9 Apr.
4
1*3 Apr.
.100
....
....
. 50 115
....
....
. 50 106
103
Jan.
83*3
Apr.
.100
8 Mar. 13*8 May
100
l
*8
Ayr.
4
May
3*9
3
.100
25*s Feb. 38 May
Minn.&St L.,tr.rects.,all pd. too
46*3 Jan.
66% May
.1 00
50 1162%
156 Feb. 164 Jan.
......
.100
New Jersey & N. Y .
_ io o
116*4 Jan. 118 Feb.
100
65 Apr. 66 Apr.
100 65
2 Jan.
5*9 May
..100 l 4
..100 180 185 180 Jau. ¡183 Apr
..100 44*9 45*9 30 Mar. 1 46*4 May
t Actual sales.
No price Friday; latest price this week.

a c t iv e

(\lndicatea actual sales.)

70

4 Mar. 10% May
23 *9 Mar. 30 Juñe
50 Feb. 70 May
9*4 May
2*9 Jan.
145 May 162 June
28*4 Apr. 33*9 Jan.
94*9 Mar. 102 Jan.
59% May
45*3 Feb.
30*3 Feb. 41% Mar.
23*4 Jan. 33 May
81 Mar. 92 May
20 J an.
20 Jan.
50 J an.
50 Jan.

58*9 May
52 Jan.
39*8 Mar. 69 June
69
29*3 May
17% Jan.
29
12 May
5 Jan.
10
8*3 Apr.
6 Jan.
9
10*8 May
8*3
Mar.
9*3
310 Jan. 320 Jan.
69 Apr.
69 Apr.
78
4*8 May
2 Ján.
4
20
Apr.
12%
Jan.
20
12*4 May
11*3 7 Mar.
23*8
Jan.
7
June
8*4
, 36 Mav 45 Jan.
97*3 1 92*8 Feb. 97*3 June
Jl04 Feb. 111*9 May

NEW YORK STOCK EXCHANGE PRICES .—STATE BONDS J U N E 7.
SECURITIES.

Bid.

Alabama—Class A, 4 to 5 ....... 1906 107
Class B, 5 s ....... .................... 1906 107
Class C, 4s.................
1906 97
97
Cnrrenoy funding 4s....... ...1 92 0
2
„Arkansas 6s, fund,Hol. 1899-1900
do. Non-Holford 150
1
7s Arkansas Central RR ..
Louisiana—7 s , eons....... .,.» ( £ 9 1 4
Stamped 4s................ ........
New oonols. 4s...................... 1914 96

ABk.

Bid.

SECURITIES.

Missouri—Fund..............1894-1895
North Carolina—6s, o ld .. . . . . . J&J
Funding act...........................1900
New bonds, J & J ........ 1892-1898
1
Chatham R R ................................
2Ò
1
Special tax, Class I .....................
Consolidated 4s.................... 1910 102
"Í 0 ‘
124
6s.............................................1919
South Carolina—4*ss, 20-40.. 1933 108
l* e
6s, non-fund..........................1888
. 98*9

BANKS.

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

W e omit two ciphers (00) in all cases.
Capital Surpl's Loans.

Specie.

Legáis.

Deposits

.Bank o f N ew Y ork .. $ 2, 000,0 $ 2 /3 8 ,7 $13,710,0 $1,280,0 $2,710,0 $13,820,0
6.249.0 17.383.0
Manhattan Co.......... 2.050.0 1.957.5 13.001.0 1.144.0
1.797.5 13.896.7
964,9 12.263.5 1.497.1
M erchants’ ............... 2 , 000,0
9.367.0
2.313.0
9.635.0
973.0
M echanics’ ................ 2,000,0 2.188.5
4,993,3 23.835.1
19.871.2 2.946.0
2,149,8
0
A m erica ..................... 3.000.
813.0 4.597.0
441.0
4.757.0
430.3
0
P h en ix........................ 1.000.
5.141.2 29,382,6
C it y ............................. 1,000,0 3.042.0 20,731,8 7,689,9
181.3 1,831,4
302.9
1.845.1
31,5
750.0
Tradesm en’ s .............
7.259.3 28.454.0
300.0 7.273.3 25.806.4 2,983,6
«C hem ical.................
510.5 4.462.3
3,930,4
769.5
155.0
600.0
M erchants’ E x ch ’ge
471.5
2.373.1 6.341.4
6.334.8
G allatin N a tion a l... 1, 000,0 1.614.4
1.647.4
370.8
158.9
1.510.3
300.0
229.7
B ntchers’& D rovers’
2.605.0
345.0
305.0
2.540.0
400.0
405.8
M echanics’ <s Trad’s
1.009.7
186.9
136.9
179.7
1,053,7
200.0
■Greenwich —
2.771.7
879.2
234.8
492.8
2.960.9
600,0
Leather M anufac’rs
1.941.5
259.8
1.674.0
278.6
300.0
113.3
-Seventh N a tion a l...
2.665.4
583.9
502.3
147.6
3.323.1
State of N ew Y o r k .. 1.200.0
5.690.0 20.472.0
2.345.5
0
23.638.0 1.218.0
Am erioan E xchange 5.000.
6.188.5 17.509.3
3.620.2
517.5
20.090.6
0
C om m erce ................ . 6.000.
5,855,3
753.1
1, 000,0 1,631,7
6.051.6 1.049.3
B roadw ay................
7.796.2
986.6
1, 000,0
7.259.6 1.559.3
979.3
M erca n tile...............
3.262.6
800.4
473.4
590.8
2.204.0
422,7
Pacific....................... .
2.879.3 14.618.2
964.8 12.691.4 1.345.5
R epublic.................. . 1.500.0
6.522.1
1.128.5
450.0
980.0
907.9
6.960.3
C h a t h a m .................
3,072,9
363.5
244.1
264.0
200.0
2.013.3
People’s ...................
5.410.3
732.8
667.2
700.0
575.6
5.371.3
.North A m erica....... .
2.114.0 19.560.0
1,000,0 1.903.0 15.478.0 3.749.0
H a n over........ ..........
3.086,0
622,0
346.8
500.0
385.5
2.818.0
I r v in g .......................
3.675.0
441.7
538.2
396.9
600.0
3.064.0
Citizen’ s ......... .........
2.903.3
502.6
274.2
500.0
132.8
2.484.1
N assau.................. .
4.704.1
1,274,9
831.7
4.027.2
750.0
404.7
'M arket & F u lto n ..
3.554.0
783.0
1,000,0
23,2
322.0
3.047.0
'S hoe & Leather___
940.0 10.632.5
9.575.4 1.576.2
1,000,0 1.133.5
Corn E x c h a n g e ....
5.831.5
964.3
1,000,0
203.4
966.5
4.610.5
Continental.............
1.866.6
392.6
214.1
300.0
1.881.0
411.6
O rien tal...................
3.283.0 23.886.0
Jlmporters’ &Traders 1.500.0 5.581.3 22.691.0 3.779.0
6.276.4 29.860.6
P a rk .......................... 2 , 000,0 3.148.0 24.581.2 3.267.0
1,000.3
233.0
112.4
250.0
139.6
1.057.7
E ast R iv e r ..............
5.100.5 20.384.8
321.5
3 .200.0 2.067.6 19.711.0
Fourth N a tion a l...
3.538.0 11.863.0
8.608.0 1.449.0
2, 000,0
542.1
Central N a tion a l...
6.239.0
911.0
952.0
300.0
6,110,0
593.9
Second N a tion a l...
4.237.5
1.060.0
3.388.2
515.0
750.0
379.0
N inth N ational___
28.277.4
2,742,7
7.637.5
25.143.2
500.0
7.200.2
F irst N ational____
2,006,4 12.484.9
9.709.8 2,039,9
221.1
T hird N ational......... 1, 000,0
1.419.6
191.9
300.0
164.9
1.453.4
90,0
N .Y . N at. E xohange
3.039.0
409.0
250.0
453.0
2.683.0
548.6
B c w e iy .......................
3.523.4
173,Í
509.2
200.0
709.3
3.009.6
N ew Y o r k C ou n ty..
2.822.0
376/
750.0
363.1
2.892.0
264.3
G erm an A m erican ..
4,139,! 19.563.4
500.0 1.174.1 1 5 ,8 4 4 / 1.281.1
C h a s e N a tio n a l......
7.520.2
1 ,084/
100.0 1.026.3
770.8
6 ,9 0 4/
F ifth A v en u e...........
3.439.6
6 54 /
647.2
200,0
320.0
2,780,!
German E xch a n ge..
3.730.3
364 /
200,0
503,7
614.3
3,034/
G e r m a n ia ___
6.933.5
851/
500.0
548.3
5,700/ 1.030.3
U nited States
7.020.5
1,915/
300.0
521/
6.063.1 1, 022,1
L in coln __ . . . .
5.498.5
896.2
896 /
200.0
4,122,!
G arfield...........
583,
1.854.6
304/
316.4
216.9
200,0
1,843,!
F ifth N ational____
5.888.4
3
0
0
/
722/
832.0
4.830.1
773,
r
B an k o f the M etrop
2.753.0
434/
263.0
2.542.1
200,1
297,
W e s t S ide................
6.643.0
1,312,
500.1
673.0
5.320.1
231,
S e a b o a rd ..........
1.634.0
301,
200,<
240.0
1.714.1
347,
S ix th N ational........
11,077,2
2.438,
234,
947.4
10.231.1
W estern N ational.. 2, 100,'
5.331.0
818,
856.0
4,854,
300.1
881,1
F irst N at. B r’klyn ..
3,126,'
2,712,
500,
554,8
65.8
1,091.
. S on t aem N atioaal..
14,135,
3,089,
356.2
344.5 12.443.3
N at. Union B an k .... 1,200,
1,520,
129,4
19.8
427,
1.591.4
500,
L ib e rty N at. B ink.
434,6 I 3,178,
444.2
313.6
3,763,0
"N .Y. Prod. E xoh ’ge, 1,000,
T o t a l.......




__ _ 62,622.7171,951.5 502.547.2 70.641,0 112,137.6'566.229.4

Ask.

Tennessee—6s, old........ 1892-1898
6s, new bonds ......1892-8-1900
do
new series...............1914
Compromise, 3-4-5-6b...........1912
2% 3 s . . . . . . . . . . . . ......................... 1913 86
»0
2% Redemption 4 s . . . . . . ........1 9 0 7 100
do
4*es. ...........1 9 1 3
107
Penitentiary 4*«8................. 1913 100
128
Virginia funded debt, 2-3S...1991 61*11 62
112
6*4 7
6s, deferred t’st
t» «tamped
2

New York City, Boston and Philadelphia Banks:

New York City Bank Statement for the week ending
June 1, 1895.

Bid.

SECURITIES.

Ask.

Capital Jc
Surplus.

Loans.

Specie.

$
133.669.5
133.669.5
134.574.2
134.574.2
134.574.2

$
484.912.4
488.928.5
495.303.1
500,098,7
502.547.2

$
69,728,2
69.440.0
68,796il
69,584,4
70.641.0

May 18___

“

25....

June I . . . .
I’ h i l a . *
M ay 18 ...

69.351.8 164.093.0 10.705.0
69.351.8 163.539.0 10.911.0
69.351.8 164.741.0 10.765.0
35.810.3 103.879.0

Legáis. Deposits.+ Circ’Vn Clearings.
$
131979
1SÏ330
132670
133211
132562

$
664.607.4
661.301.5
695.175.8
606.671.9
494,624,0

5.941.0 154.291.0 7.459.0
6.426.0 156.188.0 7.363.0
6.112.0 158.162.0 7.357.0

97.039.4
90.551.4
77.281.4

104.928.0 6.134.0

73.586.9

$
89,254,9
96,088,3
1072364
1108666
1121376

31.293.0

$
526,998,1
537,832.8
553.778.4
561.903.4
566.229.4

105.477.0 6.144.0 67,048,4
32.414.0
25 .. 35.810.3 103.980.0
107.661.0 6.170.0 56.607.9
33.254.0
35.810.3 103.552.0
June 1
+
I
n
c
l
u
d
i n g t o r B o s t o n a n d P u ll a
* We omit two ciphers in all these figures.
d e lp h ia t h e it e m “ d u e t o o t h e r b a n k s .”

Miscellaneous and Unlisted Bonds
M i s c e l la n e o u s B o n d s ,
Boston Un. uas tr .certs., 5 s.
B rooklyn W . & W . 1 st, g., 5s.
Cü. J n n .& S . Y d s.—C ol.t.g.,5s
Col. C. & I. Devel. gu. 5 s.......
Colorado Fuel—Gen. 6 s . . . . . . .
Col. & H ock . Coal & I .—6s, g.
Cons.Gas Co..Chic.—lstg u .S s
Consol. Coal oonv. 6s....... .
Det. Gas eon. 1st 5s......... .
Edison E lec. 111. Go.—1st 5s .
Do
of B klyn., 1st 5s----Equit. G .-L .,N .Y ., oon s.g. 5s.
E quitable G. & F .—1st o s ... .
H enderson B ridge—1st g. 6s.
Illin ois Steel deb. 5 s . . . . . . —
N on-conv. deb. os..........
Manhat. B each H . & L. g. 4s

m is c e l l a n e o u
R on ds.
Metropol. Tel. & Tel. 1st 5s
107 ka . M lch.-Penln. Car 1st 5s. .
108 b. Mutual U nion T e le g .—6s g . .
95 a. N. Y. & N. J. Telep. geu. 5 s..
Northwestern Telegraph—7s.
P eople’ s Gas & C. 1 1st g. 6s.
Co., C h ic a g o .... 5 2d g. 6s.
86
1st con9. g. 6s .....................
*100
Pleas. Valley Coal - 1 s t g. 6s.
60
108 %b. South Y u b a w a t e r Co.con.6s.
Sunday Creek Coal 1st g 6s..
U S. Leather—S .f.d e b .,g .,6 s
112
W estern U nion T eleg.— i ..
■ 95
W heel. L. E . & Pi?* « Coal 1st 5s
112
U n lis t e d B o n d s .
C om stock Tunnel—In o 4 s ..
48 b M am. & Charleston—Con 7 g.

Note.—“ b” indicates prioe bid; “ a ” price asked,

BANKS.
A m e rica .......
Am. E x o h ...
B ow ery*.......
B roa d w a y.. .
B utchs’ & D r.
C en tra l. . . . . .
C h a s e ........
Chatham.......
Chemical . . .

Bid.
203
158

A sk.
212
100

240 260
150 160
117 125
500
350 400
4100 4800
City............. 440
Citizens’ ....... 135 150
C o lu m b ia ....
C om m erce... 182% 184*
C ontin ental. 125
Corn E xoh .. 280 300
130 140
200
2500
F ifth Ave..
Fifth*....... .

First........

115
14th Street.
Fourth . . . . 180
Gallatin.___ .3 0 0

125
190

ASk.

300
115
3Ö0*'
G r e e n w ich .. 155
H a n over....... 310
H nd. R iv e r.. 155
Im . * Trad’s’ 500
135
I r v in g . . . .
Leather M is’ 160
615
L in co ln ...
M anh attan.. 190
M arket & Pul 218
M echanics’ .. 183
M ’ohs’ & T rsr 140
M e rca n tile ..
M erchants’ .. 132*
M eroh’ts Ex. 116
M e tro p o lis.. 400
M t. M o rris.. 110
N assau .. .. .. 150
N ew Y o r k .. 222
N .Y . Co’n ty. 540
N .Y . Nat. Ex. 100

125
335

103%b.

112 o.

104«ib.
97 b.
97*ab.
95 b.
113%b.
108 b

i- 64%b

8 b

L atest prioe this w eek

Bank Stock List—Latest prices this week
BANKS.

‘105
95

(*Not listed.)
BAN KS.

N in t h .........
19th W ard ..
N. A m erica.
O rien ta l. . . .

B id. IA sk
120
124
130
204
175
270

Í30
150
3 00 ~

P h e n ix ........ 110 125
Prod. E x.*..
R e p u b lic .... 152** 160*"
S eab oa rd . . . 168 169
300
192 >a
Seventh ___
230
Shoe& L e’th *90** f f i "
190
165
S tateof N.Y. 103% 108
105
14Ö*
Tradesm ’ n’ s
125
.........
406

56Ó
150
200

165
235
580
125

U n’ d States 180
111
W estern
W est S id e .. 280

******

1002

THE CHRONICLE.

fV oL . L X .

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
A ctiv e S to ck s ,
IT Indicates unlisted.
Atch. T. & S. Fe (Boston). 100

Baltimore Traction “
25
Baltimore Trac’nTT(P hil.). 25
Boston & Albany (Boston). 100
Boston & Lowell
“
100
Boston & Maine
“
100
Central of Mass.
“
100
Chic. Bur. & Quin. “
100
Chic. Mil. & St. P. (Phil.) .100
Cho.O.&G.vot.t.c. “
50
Cit. St. Ry of IndTT “
100
Electric Tract i’n
“
50
Fitchburg pref.. (B oston). 100
Lehigh Valley.. (P h ila .). 50
Metropol’n Trac.1T (Phil) .100
Mexican Cent’l ( Boston). 100
N.Y.&N.E.,tr.rec.§ “
100

S h a re P r ic e s — n o t P e r C en t a n t P r ic e s .
Saturday,
June 1.
7%

71%

*71%
18%
18%
*209
203
169
*14%
*
805g
66%
13%
41
75
90%
3738

18%
18%
203
169
14%
60
80%
67
13%
41%
75
90%
3738

94
94
11% 11%
44%
44%
84
•69
*5% 5%
19
19
xl76%176%
52% 53
61% 61%
9%
9%
83
83%
14
14

Northern Central (B a ll.). 50
Northern Pacific (P hila.) 100
Preferred
**
100
Old Colony.......( B oston ). 100
Pennsylvania. . . (P h ila .). 50
People’sTraction
“
50
Phila. & Reading.
“
50
Philadelph. Trao.
“
50
Union Paeiflo... ( Boston) .100
m is c e lla n e o u s S t o c k s .
Am.Sug’r Refln. IT(B oston) ___ 117% 118
Preferred........
“
— 100% 100%
Bell Telephone..
“
100 202 202
Bost. & Montana.
“
25 53% 54
Butte & Boston..
“
25 16% 16%
Calumet & Hecla
**
25 *295 300
*
71
62
Consolidated Gas
••
100 62
Elec. St or. Bat’ylT(Phila .). 100
27%
*
Preferred IT
“
100
28
Erie Telephone.(B oston). 100 57% 57%
General Electric.
“
100 35
35%
Preferred........
“
100 64
64
LamsonStoreSer.
“
50 *24% 25
Lehi’h Coal&Nav. (Phila.) 50 47
47%
N. E. Telephone (Boston) . 100 *71% 72
Unit’d Gas Im p. IT(P h ila .). 50 71% 71%
Welsbach Light It “
5 46% 47%
2%
2%
West End Land.. (-Boston,).-—
§ All instalments paid.
* Bid and
In active S to ck s .
Prices o f June 7.
Atlanta & Charlotte (Balt.). 100

Monday,
June 3.

Tuesday,
June 4.

Wednesday,
June 5.

Thursday,
June 6.

Friday,
June 7.

7% 7l3le 613j6 7%
6
5%
6
6
6%
6%
1
1
*1
*1
1%
1%
1%
64
*62% 63% *
63% *61
62% *61% 63
72% 72% 72% 72% 73
*71% 72% 72
19% 19% 19% 20
18% 19
19% 20 " 19% 19%
18% 19
19% 19% 19% 20
19% 20
19
19%
209
209
209%
210
209 209
210 210 *210 210%
203 203 *200 201 x200 200 *199% 201
203 203
169 169
169% 169% 169 169
169 169
170 ItO
14% 14% *14% 14% *14%
*14% 14% *14
15
*
w
60
60
60
60 *
*57
60
80% 82
81% 81% 81% 81
81%
81% 82% 81
66% 67% 67
67% 66% 66% 66% 66% 65% 66%
14%, 13% 13% 12% 13%
14% 14% 13
41% *41
41%
41
41
41% 41% 41% 41% 42
74% 74% 74% 74% 74% 74% 74% 74% *74
75
9o% 91
90% 90% 90% 91
91% 91% 91% 92
37% 37% 37% 37% 37% 37% 37
37
37
37%
133
134% 134%
135 135
*135 136
97
94
96
96
96
96% 96
96
96
96
11% 11 % 11% 11% 11% 11%
11% 11% 11% 12
44% 44% 43% 44% *43% 43% 43
43
43% 43%
84
84
85
84
84
*80
69% 69% 70
70
*69
70
69% 70%
5%
5%
5%
5%
5%
5%
5% . 5%
5%
5%
*19% 19% 19% 19% *18% 18% *18% 18%
17% 18
176% 176% 176% 176% 176% 176% 177 177 *176% 177
52% 52% 52% 53
52% 52% 52% 52% 52% 52%
63
62
62% 62% 62% 62
62
62% 61% 62%
91113 91%f
93ie 9% 8JUl6 9%
8%
8% 8»,6 7i»ie
83% 84
84
84% 83% 84
83% 83% *83% 84
13% 13% *13% 14
13
12% 12%
13% 13
13
117%
100
202
53%
16
297
‘ 68
62

117%
100%
202
54%
16
298
62

117%
100%
202
52%
15%
*295
*68
61%
28

118%
100%
202%
53%
16
300
61%
28

57
57
57
57%
35% 36% 36% 37%
65
66
67
66
24% 25
24% 25
47
47%
47% 47
72
72
72
72%
72
72
72% 72%
46% 47
46% 47
2%
2%
2%
2%
asked prices; no sale wat

Bid. Ask.

117%
100%
202
51%
15
*290

118
100%
202%
52%
15%
298

117%
100%
2 .1
50%
14%
*292
*68
61% 61% 61%

57%
35%
*64
*24%
-47
72%
72%
47
2%
made.

In active s to ck s .

118%
It 0%
202
51%
15
298
71
61%

57% 57
57
36%
36% 36
66
*64
67
25
*24% 25
47
48
47
72% 72% 72%
73% 73
73%
47% 47% 48%
2%
2%
2%
II Lowest is

Bid.

Ask

Sales
of the
Week,
Shares.

Range of sales in 1895.
Lowest.

Highest.

43,575
25

3% Jan. 30

590
6,162
21,230
36
58
76
50

69% Mar. 11
14% Jan. 28
14% Jan. 30
206% Mar. 13
196% Jan. 2
160 Jan. 2
5 Apr. 13
48 Feb. 28
69% Mar. 4
54 Mar. 9
11% May 11
34% Feb. 2
70 Apr. 22
82% Jan. 11
27% Mar. 8
125% Jan. 7
81 Apr. 2
5% Jan. 31
29 Jan. 29
59% Feb. 8
64 Jan. 29
2% Jan. 30
13 Feb. 27
176% June 1
48% Jan 30
43% Jan. 26
3i3t« Mar. 4
76 Apr. 2
8 Mar. 12

13,242
23,500
3,374
2,256
806
200
1,781
62
4,252
2,041
1,630
2 (0
135
4,558
635
183
2,905
8,704
26,307
4,720
356

118% 13,641 86% Jan.
1,162 90 Jan.
100%
201%
522 175% Apr.
51% 10,694 33% Jan.
9 Mar.
15
2,997
84 280 Mar.
298
70
285 60 May
60%
100 27% May
26%
160 45% Feb.
*57
57%
35% 36% 10,328 25% Mar.
*66
67
739 60 Feb.
25
25
256 22% Feb.
284 40% Mar.
46% 46%
72% 73
270 66 Feb.
72% 73%
4,775 67 Apr.
47
48
2,467 36 Mar.
2 Jan.
2%
2%
1,000
ex dividend.
117%
100%
201
51
15
*295
*68
60%
*25

99ie May 11

20 June 5
20 June 5
210% Apr. 22
204 May 13
170 May 15
16 May 13
60% May 14
8 2 % June 4
68 May 17
14% June 3
42 Mar. 9
87 Jan. 3
92 June 7
39 May 11
135 June 3
106% Jan. 3
13% May 7
45% May 27
70% June 7
7% May 13
25% May 14
180% Jan. 18
53% May 10
63 June 3
10% May 18
99% Jan. 2
17% May 10

7 119% May 18
8 100% June 6
17 210 May 20
2 54% May 27
12 17 May 28
12 305 May 27
91% Jan. 16
17 65% Jan. 2
24 34% Feb, 13
32% Mar. 18
13 59 May 13
4 37% Mar. 25
5 70 Mar. 23
28 25% Apr. 16
8 49% Jan. 5
15 73 June 7
2 73% June 5
28 48% June 6
30 3316 May 9

B on d s.

Boston United Gas, 2dm . 5s..1939
59% People’ s Trae. trust certs. 4S..1943
92 «s Burl. & Mo. River E x en p t 6s, J&J
Perklomen, 1st ser.,5s.l918, Q—J
116
265
Phila.& Erie gen. M. 5g.,1920, A&O
105
Non-exempt 6s.......... 1918, J&J
321«
100
Plain 4s.........................1910, J&J
Gen. mort., 4 g ......... 1920, A&O
21« 3 Chic. Burl. & Nor. 1st 5,1926, A&O
103% Phila & Read, new 4 g., 1958, J&J
48%
2d mort. 6s.. . . . . . . . . . 1918, J&D
1st pref. income, 5 g, 1958, Feb 1
98%
49% 52
99
2d pref. income, 5 g, 1958, Feb. 1
Debenture 6s..............1896, J&D
22
21
Chic. Burl.& Quincy 4 s..1922, F&A
3d pref. income, 5 g, 1958, Feb. 1
97
138 139
2d, 5 b..........................1933, A&O
Iowa Division 4s.......1919, A&O
98%
240 250
Consol, mort. 7 s ......1 9 1 1 , J&D
Chio.&W.Mich. gen. 5s, 1921, J&D
82
28
Consol, mort. 6 g ......1 9 1 1 , J&D
Consol, of Vermont, 5s.l913, J&J
88 %
80
Current River, 1st, 5s..1927, A&O
Improvement M. 6 g., 1897, A&O
15
14
Con. M.,5 g.,stamped,1922, M&N
67
Det. Lans.&Nor’n M. 7 s.1907, J&J
43
45
Eastern 1st mort 6 g.l906,M &S..
121
Terminal 5s, g ........1941, Q.—F.
62
60
i ree.Elk. &M. V.,lst, 6S.1933, end.
123
Phil. Wilm. & Balt., 4 s .1917, A&O
72
K. C. C.& Spring., 1st, 5g.,1925, A&O
70
Pitts. O. & 8t. L., 7 s....1900, F&A
331«
Rochester Railway, con. 5s ..1930
98
K O. F.S. & M. con. 6s, 1928, M&N!
54
K.C. Mem. & Bir.,1st. 2s,1927, M&8
Schuyl.R.E.Side.lst 5 g.1935, J&D
58
16
19
K.
C. St. Jo. & C. B., v s..1907, J&J121
Union Terminal 1 s t5 s .......F & A
60
50
93
L. Rook & Ft. 8^ 1st, 7s.. 1905, J&J
B on d s,—B a ltim ore.
64
Atlanta, & Chari., 1st 7s, 1907, J&J
103
Louis.,Ev.&St.L.,1st,6g.l926,A&O
67
Baltimore Belt, 1st, 5 s.1990, M&N
95
2m., 5—6 g ...........................1936,A&O
541«
Mar. H. & Ont., 6s....... 1925, A&O
104
Balt. C. Pass. 1st 5 s.... 1911, M&N
5
5% Mexican Central, 4 g. ..1911, J&J
64% Balt. Traction, 1st 5s..1929, M&N
84
Exten. & impt. 6 s ....1901, M&S
i 1st oonsol.inoomes, 3 g, non-cum.
18%
7
No. Balt. Div., 5s.......1942, J&D
8
10%
2d consol, incomes. 3s, non-cum.
41
N. Y. & N.Eng,, 1st, 78,1905, J&J*
120% Baltimore & Ohio 4 g., 1935, A&O
24
25 | 1st mort. 6s.......... ....19 0 5 , J&J
Pitts. & Conn., 5 g... .1925, F&A
113%
4 I 2d mort. 6s............ ...1902, F&A
3
110%
Staten Island, 2d, 5 g.l92b, J&J
72
70
Bal.&Ohio S.W.,lst,4%g.l990, J&J
Ogden. &L.C.,Con.6s...1920.A&0
107
13% 13% Inc. 6s...................
CapeF.&Yad.,8er.A.,6g.l916, J&D
1920
22
381« 39% Ru tland, 1st,6s............1902,M&N §110% 111%
Series B., 6 g . . . . ......1 9 1 6 , J&D
701« 71
2d, 5s.......................... 1898,F&A §100 101
Series C., 6 g . . . . .........1916, J&D
92%
92
Cent. Ohio, 4% g . . . . . ...1930, M&8
234
Cent. Pass., 1st 5 s .....1932, M&N
105
51% Atlantio City 1st 5s, g., 1919,M&N 101 103% City & Sub., 1st 5s........ 1922, J&D
51
Chari. Col.&Aug.ext.5s.1910, J&J
27
Belvidere Del., 1st, 6 s ..1902, J&D
9
81«
Buffalo Ry. con. 1st, 5s.......... 1931
CoL & Greenv., 1st 5-68.1917, J&J
5
5% Catawissa, M., 7s.........1900, F&A 113% 114
Ga.Car. &Nor. 1st 5 g ..l9 2 9 , J&J
25
Choc. Okla. & Gulf, piior lien 6s.. 105 106
Georgia Pac., 1st 5-6S...1922, J&J
120 130
Citizens’ St.Ry.of Ind.,oon.5s.l933 89
89% North. Cent. 6s..........1 9 0 0 , J&J
MISCELLANEOUS.
6s.................................. 1904, J&J
Columb. St. R y„ 1st, con. 5s.. 1932 100
Allouez Min’g,asstpd('Poston>. 25 *50 1-00 Columb. O. Crosstown, 1st,5s. 1933 100
Series A, 5s........ ....19 2 6 , J&J
Atlantio Mining.........
“
25 151« 16
Consol. Tract, of N. J., Ist,5s.l933
4 % s........................... 1925, A&C
84%
84
Bay 8tate Gas H_______
“
50 11 % 12
Del. & B’d Br’k, 1st, 7s.1905,F&A 126
Piedm.&Cum.,lst, 5 g.1911, F&A
Boston L a n d ...........
“
10
5% Easton&Am. lstM .,5s.1920,M&N 109%
5
Pitts. & Connells. 1st 7s.1898, J&J
Centennial M ining...
“
10
1
Southern, 1st 5s............1994, J&J
1% Elmir. &Wilm., 1st, 68.1910, J&J. 119%
Fort Wayne Elect.li*.
“
25
1% 2 Hestonville M. & F., con. os..1924 110
Virginia Mid., 1st 6 s ...1906, M&S
Franklin Mining.......
“
25 151« 16
2d Series, 6 s...........1 9 1 1 M&fc
106
Hunt. &Br’d Top,Con.5s.’95,A&O
Frenchm’n’sBay L’d.
“
5
1
2 1Lehigh Nav. 4%s.......... 1914, Q—J 111%
3d Series, 6 s..........1 9 1 6 , M&£
Illinois Steel........ .........
“ 100 68
69
4th Series, 3-4-5S.....1921, M&6
2d 6s, gold.................. 1897, J&D 103%
Kearsarge M ining....
“
25 1334 13%
General mort. 4%s, g.l924,Q —F 105
5th Series, 5 s .........1 9 2 6 , M&£
Osceola Mining..........
“
25 271« 28
Lehigh Val. Coal 1st 5s,g. 1933, J&J 99% 100 West Va C .& P .ls t,6 g .l9 1 1 , J&J
Pullman Palace Car.
“
100 172 173
Lehigh Valley, 1st 6 s...1898, J&D 106
West’nN.C. Consol. 6 g.1914, J&J
Pennsylvania Steel.. (Phila.). 100
2d 7s............................ 1910, M&8 135%
Wilm. Col. & Aug., 6s.. 1910, J&D
Preferred IT.......... .
“
100 38
Consol. 6 ......................1923, J&D 122 122 %
MISCELLANEOUS.
Quincy Mining..........(B oston). 25 116 118
Newark Passenger, con. 5s... 1930 102 104 Baltimore Water 5 s ...1916, M&N
Tamarack M ining....
“
25 129 131
North Penn. 1st, 7 s ....1896, M&N 103 104
Funding 5 s . . . . . . . ...1 91 6 , M&N
Water Power.................
“
100 •90 1-00
Gen. M. 7s................1 9 0 3 , J&J 124%
Exchange 3%s............1930, J&J
Westingh. Elec. &M..
“
50 321« 33% Pennsylvania gen .6s,r..l9 1 0 , Var 131%
Virginia (State) 3s, n ew .1932, J&J
Pref., cumulative.
“
50 52
53
Funded debt, 2 -3 s .....l9 9 l, J&J
Consol. 6s, o
............1905, Var
Chesapeake Gas, 6 s .....1 9 0 0 , J&D
Consol. 5s, r ........... ....1 9 1 9 , Var
B o n d s —B o s to n .
At.Top.&S.F. 100-yr.4 g.,1989, J&J
72% 72%
Collat. Tr. 4% g.......... 1913, J&D
Consol. Gas, 6s..........1 9 1 0 , J&D
2d 2%-4s, g., Class A. .1989, A&O r 23
23% Pa. & N. Y. C anal,7s...1906, J&D
5 s .................. ..............1939, J&J
Boston United Gas 1st 5 s . .. . . . . . . . > 81% 82
1913.
Con. 5s.........................1939. A&O 108 103% Bonitable 0 *1». 6«
Price includes overdue coupons.
f Unlisted.
§ And accrued interest.
t Last price this week.
Boston & Providence (Poston). 100
Camaen & Atlantic pf. (Phila.). 50
Catawissa....... .
“
50
1st preferred..........
“
50
Central Ohio............... (B alt.). 50
Chicago & West Mich. (Boston). 100
Connecticut <s Pass..
“
100
Connecticut R iver...
“
100
Consol. Tract.of N.J.U (Phila.). 100
Delaware&BoundBr.
“
100
Flint & Pere M a rq ... (Boston). 100
Preferred....................
“ 100
Hestonville Passeng. (P h ila .). 50
Preferred IT.................
“
50
Hunt. & Broad Top...
“
50
Preferred....................
“
50
Kan. C’y Ft.S. & Mem.(Boston) .100
Preferred....................
“ 100
Little Schuylkill........ (Phila.). 50
Mine Hill & S.Haven
“
50
Nesqueboning V a l. . .
“
50
North American Co..
“
100
North Pennsylvania.
“
50
Oregon Short Line.. . (Boston ) .100
Pennsylvania &N. W. (P h ila .). 50
Philadel. & Erie........
“
50
Rutland..................... (B oston). 100
Preferred....................
“
100
Southern..................... (B alt.) .100
Preferred....................
“ 100
West End................... (B oston). 50
Preferred..................
“
50
United Cos. of N. J .. (P hila .). 100
West Jersey..................
“
50
West Jersey & Atlan.
“
50
Western N.Y. & Penn “ *
100
Wisconsin Central... (B oston). 100
Preferred...................
“
100
Worc’st.Nash.&Roch.
“
100




92
262

Bid. Ask
95

101 %

95%

117
102

U9*"
103
70
31
31%
17% 18%
13% 13%
117
125
114%
10 2 %

95
101

97
102

102

115%
104

123 124
103% 103%
114% 115
109
104
107% 107%
103%
112 1113
110%

80
83
58
65
60
65
103
109%
109% 110
107 107%
112 112 %
83% 89
112%

111
113
116
106

112
114

100 % 101
109% 110
95% 96%
112
115 117%

111

ioS"
106

113

104
106%
116

121
105%
74%
61%
109
117
107

105%
75
62
107%

1003

THE CHRONICLE.

J une 8, 1895.]

NEW YORE STOCK EXCHANGE PRICES (C ontinned)-A C riFE BONDS JUNE 7 AND FOB YEAR 1895.
R ailroad

and

Closing Range (sales) in 1895.
Closing Range (sales) in 1895.
Railroad and Miscel. B onds, Inter’ t P rice
P rice
Period
June
7.
L ow est
Highest
Period June 7.
L ow est
H ighest

Miscel . B onds. nier’ t

Pae. of Mo.—2d ext. 5S..1938 J <fc J 105 b. 103 Mar. 106% Jan.
Amer. Cotton Oil, deb., 8g.l900 Q - F 11312 110% Feb. 113% Apr.
St.L. <feIr.Mt.lst ext., 5s. 1897 F & A *102%b. 100 Mar. 103% Jam
62 Mar. 75 May
A i. lo p . A 8.F.—100-yr. ,4g -1989 r & J 72%
2d, 7 g ............................ 1897 M & N 103 b. 102 May 104 Jam
16% Mar. 27% May
2d 3-4s. g., Cl. “ A . .........1989 A & O 23*2
Cairo Ark. <fcTexas,7 g.1897 J A D 100 b. 97 Mar. 103% May
17
Mar.
28
a*
F
&
A
28%
May
Col.Midland—Cons., 4 g.1940
Gen.R’y <fe land gr.,5g.l931 A A O 78
74% Apr. 80 % May
49 b. 44% Jan. 50% Apr.
Atl. & Pao —Guar., 4 g ---- 1937
Mobile
A Ohio—New, 6 g . . 1927 J & D 117 b. 115 Mar. 120% May
4%
2%
Mar.
6
May
A
J
W. D. Income, 6s..............1910
General
mortgage, i s — 1938 M A S 67 %a. 62 Mar. 69% June
86 Mar. 108 May
Brooklyn Elev.—1st, 6 g ..l9 2 4 A & O 105%
84% Mar. 106 May Nash. Ch. <fc St. L.—1st, 7S.1913 J & J 131 b. 130 Mar. 132 Feb.
Union Elevated.—6 g .. . . 1937 M A N 103%
Consol., 5 g ......................1928 A & O 101%
98% Apr. 102 Mar.
A J 111 b. 109 Jan. 112 May
Canada Southern.—1st 5s 1908
98 June
105%b.
102%
Mar. 107 Jan. Nat’l Starch Mfg.—1st, 6s. 1920 M <fe N 97 b. 90 Jan.
M
A
S
2d, 5s................................. 1913
N.Y.
Central—Debt ext.4s.1905 M & N 102 b. 102 Mar. 104% Apr.
50 Jan. 56 May
Cent.Ga.-8.&W.lstcon.5s.l929
53%
1st,
coupon,
7s.................
1903
124
b.
J
&
J
120%
Jan.
124%
Jam
113
a.
111%
Fèb.
112
Feb.
Central o f N. J.—Cons.,7s.l899 Q -J
Deben., 5s, coup., 1884.. 1904 M & S 108 b. 105% Apr. 109% Jam
114 Mar. 121 Jan.
Consol., 7s........................ 1902 M A N 120
N.
Y.
<
fc
Harlem,
7s,
reg.1900
117
b.
M
A
N
119%
Apr.
115%
May
I
l
l
Jan.
117%
118% June
General mortgage, 5 g ...l9 8 7 J & J
R. W. <fe Ogd.,consol., 58.1922 A & O *117%b. 113% Apr. 119 Jam
Leh.&W.B.,con.,7s,as’d.l9 0 0 Q—M 104% 101% Mar. 108 Jan.
West
Shore,
guar.,
4
s
....2361
106%b.
J
A
J
106%
June
103%
Feb.
M
&
N
85
Mar.
: 87 b.
92 Jan.
**
m ortgage5s.l912
Am. Dock & Imp., 5 s .... 1921 J & J 113 b. 111% Apr. 114% Jan. N. Y. Ohio. <fc St. L.—4 g ...l9 3 7 A & O 103 %b. 101% Feb. 104% Mar.
Central Paclilo.—Gold, 6s.1898 J & J 105%b. 101% Feb. 105 Apr. N. Y. Elevated—7s............ 1906 J A J 110 b. 107% Jan. 110% June
Ches. & Ohio.—Ser. A, 6 g.1908 A & O 118 b. 117 Apr. 121 Feb. N. Y. Lack. <fe W.—1st, 6s. 1921 J & J 133 b. 131 Mar. 135 May
5s..............1923 F & A 117
113% Feb. 117 June
Mortgage, 6 g ................. 1911 A & O 117%b. 116% Apr. 120 Mar. N.Construction,
Y.L.E. AW.—1st,con.,7 g. 1920 M & S *133%b. 125% Mar. 134 May
1st consol., 5 g .................1939 M& N 111 % 103% Mar. 111% June
f
65
b.
2d
consol.,
6
g
.................
1969
J
&
D
155% Feb. 71 May
69% Mar. 32% June
General4%s, g ................. 1992 M & S 82
Long Dook, consol., 6s,g.l935 A & O 129 b. 126 Feb. 131 Jam
9 L Feb. 98 June
R. <feA. D iv.,lstcon .,4 g.l9 8 9 J & J 97
146%
N.
Y.
N.
H.
&H.—Con.
deb.
Otfs
A
&
O
137 Jan. 147% June
85 Apr. 87% May
“
2d com, 4g. 1989 J & J
93 June
88 Jan.
Eliz. Lex. A B ig San.~5g. 1902 M& S 100 a. 95 Mar. 9934 May N. Y. Ont. &W.—Ref .4s, g. 1992 M & S 93
110
Consol.,
1st,
5s,
g
............1939
J
A
D
109% June 113 May
Chic. Burl. A Q.—Con., 7 s.1903 J & J 121% 118 Mar. 121% May
99% June 108 Jam
Debenture, 5s............. ...1913 M& N 10158a. 98% Mar. 101% May N.Y.Sus.AW.—Istref.,5sg.l937 J & J 99%
Midland of N. J., 6s, g . 1910 A A O 116
115 Apr. 119 Jam
Convertible 5s................ 1903 M A S 104%b. 98% Mar. 104% May
48% Feb. 70 Apr.
Denver Division 4s........ 1922 F & A 95 %b. 93% Feb. 96% Jan. Norf.& W.—100-year, 5s,g.l990 J & J
N
o. Pacific—1 st, ooup., 6 g. 1921 J ¿2 J 117%b. 112 Feb. 118% June
86% Eeb. 92 May
Nebraska Extension, 4s .1927 M & N 92
General, 2d, coup., 6 g. 1933 A & O 99%
81% Mar. 103% May
Han. ASt. Jos.-Cons.,6s. 1911 M & S 117%b. 115% Mar. 120% Jan.
General, 3d, coup., 6 g ..l9 3 7 J & D 68
49 % Mar. 72% May
Chic. &E. 111.—1st, s. f.,6s. 1907 J & D 114 b. 114 June 117% May
41%
Consol,
mortgage,
5
g.,.1989
J
&
D
44 May
24
Jan.
123
%b.
A
A
O
121%
Apr.
125%
Jan.
Consol., 6 g ...................... 1934
85
Col. trust gold notes, 6s. 1898 M A N
70 Mar. 88% May
96 Feb. 100% Apr.
General consol., 1st, 5 s..1937 M A N 100
Chio.
<
fc
N.
Pao.,
1st,
5
g.1940
t
47%
A
&
O
t49
May
Jan.
t37
91%b.
M
A
N
77
Mar.
93
June
Chicago A Erie.—1st., 5 g.1982
Seat. L. S. A E., 1st, gu.6.1931 F & A 47 b. t38 Jan.
50 Apr.
1434 Mar. 29 May
25
Income, 5 s.......................1982 Oct.
No.
Pacific
&
Mont.—6
g..l9
3
8
40
M
A
S
41
May
30
Mar.
90%
Jan.
A
96%
96% June
Chic. Gas L. AO.—1st, 5 g . . 1937
96 Jan. 103 June
A
*128 b. 125 Feb. 128 May No. Pacific Ter. Co.—6 g.„1938 J A J 103
Ohio. Mil. A St. P.—Con. 7s. 1905
Ohio
A
Miss.—Con.
s.
f.,
7s.l898
J
A
J
108%
108%
June
Mar.
107
1145a
Mar.
A
118 b.
116% Jan.
1st, Southwest Div., 6s. .1909
Consol., 7s....................... 1898 J A J 108% 107 Jan. 108% June
118%b. 115 Mar. 118 May
&
1st, So. Minn. Div ,6 s ... 1910
1st,Ch.&Pao.W.Div.,58.1921
A
*114 b. 109% Feb. 114 June Ohio Southern—1st, 6 g . ..1921 J A D 33 b. 81 May 96 Jam
General mortgage, 4 g .. .1921 M A N
25 b. 29% May 52% Apr.
*106%b. 104 Feb. 107 May
A
Chic. A Mo. Riv. Div., 5s. 1926
*109%b. 107% Jan. 110 May Omaha A St. Louis—4 g. „1937 J A J 43 b. t35 Jan. 144 May
A
Wiso. A Minn., Div., 5 g.1921
A D 96
96 June 100% Mar.
A
110%b. 108% Feb. 110% Apr. Oregon Impr. Co.—1st, 6 g.1910
Terminal, 5 g ...................1914
Consol., 5 g .......................1939
A O 48
44 May 55 Mar.
&
93 %b. 87 Feb. 93% June
Gen. M., 4 g., series A ... 1989
A J lll% b . 106% Jam 112 June
& D 116%b. 116 Jan. 120 Feb. Ore. R.<feNav.Co.—1st, 6 g.1909
Mil. ANor.—lst,con.,6s,1913
93
......................
1925
Consol.,
5
g
A
D
t73 Jam t95 May
Chic. A N. W.—Consol.,78.1915 Q—F *141%a. 138 May 143% Jan.
A J 115 b. 109% Jam 115 May
Coupon, gold, 7 s ............ 1902 J & D 11938b. 120 Apr. 123% Feb. Penn. Co.—4% g., coupon. 1921
A J 103 a. 92 Feb. 103 May
Sinking fund, 6s..............1929 A & O *112 b 114 June 120 Jan. Peo. Deo. <&Evansv. —6 g.1920
Evansv. Division, 6 g „ .1920 MAS 101 a. 93 Mar. 97% Jam
Sinking fund, 5s..............1929 A & O *108 b. 106% Apr. 110% Jan.
2d mortgage, 5 g..............1926 MAN 34
35% May
25 Feb.
Sinking fund, deben., 5s.1933 M& N *109 b 105% May 110 Jan.
67 Jam 79 May
25-year debenture, 5 s ... 1909 M & N *105 b 1045a May 108 Jan. Phila. <fc Read.—Gen., 4 g.1958 J A J 75%
31%
lstp ref. income, 5 g....... 1958
18% Mar. 37% May
Extension, 4 s..................1926 F & A 100%b, 98% Mar. 102% Feb.
2d pref. inoome, 5 g ....... 1958
18
9% Mar. 24% May
Ohio.R.I. APae.—6s., ooup. 1917 J & J 128%b, 126 Jan. 130 May
13%
3dpref. income, 5 g ....... 1958
6% Mar. 18% May
100 Feb. 105% June
Extension and col., 5 s...1934 J & J 105
83
%b.
J
A
J
Pittsburg
<
fc
Western—4
g.1917
80
Apr. 84% Jam
Mar.
M
&
S
92%
May
92
30-year debenture,5s...1921
88
78 June
63 Jan.
Chic. St. P. M. & 0 .-6 8 ....1 9 3 0 J & D *125 b 122 Feb. 129 May RioGr. Western—1st, 4 g.1939 J A J 76%
MAN
58
St.
Jo.
A
Gr.
Island—6
g„1
9
2
5
151
Feb. 162% May
Cleveland A Canton.—5 s.. 1917 J & J 90 b 82 Feb. 94 May
111% Apr. 115% May
122 Jan. 122 Jan. St. L. & San Fr.—6g.,CLB.1906 MAN 115
C. C. O. & I.—ConsoL, 7 g.1914 J & D
6 g., Class O......................1906 MAN 115 b. 111 Mar. 116 Jam
General consol., 6 g ....... 1934 J & J 122%b, 119 Feb. 123 Apr.
General mortgage, 6 g„1931 J A J I l l b. 102 Jan. 112 June
A A O 80 b, 74 Mar. 81 May
0.
C.O.ASt.L.—Peo.&E.,4s.l940
Cons. guar. 4s, g ............. 1990 A A O 51 b, 49 Mar. 54 Jam
Income, 4s............ ...........1990 April
26 a. 17 Apr. 27% May
62 Jam 76% June
Col. Coal A Iron.—6 g .......1900 F & A 95 a. 92 May 95 Jan. St. L. So. West.—1st, 4s, g.1989 MAN 76%
2d,
4s, g., inoome............1989 J A J 35%
37% May
16% Jam
M A S 91 %b, 86% Mar. 94 May
001.
H.Val.ATol.—Con.,5 g.1931
88 Jan. 98 Apr. St.P.M.AM.—D ak.E x.,6g.l910 M A N 117 b 115 May 119% Jam
General, 6 g ......................1904 J & D 93
J
A
J
1st
consol.,
6
g
.................
1933
123
June
123
115%
Mar.
Denver A Rio Gr.—1st, 7 g. 1900 M A N 112%b. 112% May 115% Apr.
“
reduced to 4% g.. J A J *104 b, 100% Jan. 104 May
1st consol., 4 g.................1936 J & J 87 %b. 79 Jan. 88% June
J
A
D
89
90
May
Montana Extension, 4 g.1937
84% Apr.
Dul. So. Sh. A Atl.—5 g .. .1937 J & J 98 a. 90 Feb. 99% Jan.
65% May
52 Jam
65 Feb. 74% Jan. San Ant. <&A.P.—lst,4g.,gu.,’43 J A J 65%
Ft. W. & Denv.City.—6 g . 1921 J & D 72
112 Jam 117 Jan.
GaLH.A8anAn.-M.AP.D.lst,5i M A N
92 b. 90 May 93% May Sav. Fla. & West.—1st,6 g. 1934 A A O
Gen. Electric, deb. 5s, g .. .1925 J & D 89 b, 87 Jan. 93% Jan. So. Car. & Ga.—1st, 5 g „ ..1 9 1 9 MAN 96%b 95 May 98 Jam
86 Mar. 97 June
Hous.<& T. Cent.,gen. 4 s,g.1921 A & O 69 %b. 61 Feb. 71 June So. Paoiflo, Ariz.—6 g ..1909-10 J A J 97%
So. Pacific,Gal.—6 g . . . . 1905-12 A A O 110%b 109% Jam 111 Feb.
Illinois Central.—4 g ........ 1952 A A O 100 b,
88 Feb. 93 May
lstoonsol., gold, a g .......1937 A A O 92%
4s, g ...................................1953 M A N 100 b 98 Jan. 100% June
Int. A GreatNor.—1st, 6 g. 1919 M A N 1185s 117 Feb. 120 Anr. So. Paoiflo, N. M.—6 g ....... 1911 J A J 103 b. 99% Jam 106 June
J 96%
84% Jam
97 June
67% Mar. 79% May Southern—1st oons. g., 5s. 1994 J
78
2d4-5s.............................. 1909 M A S
79% Feb. 90 May
E. Tenn. reorg. Iien4-5s.l938 M A S 88 %
84% Mar. 91 May
Iowa Central.—1st,5 g . . . . 1938 J A D 88 %
111% Feb. 114 June
E. T. V. <&G.—1st, 7 g .„1 9 0 0 J A J 114
68 Jan. 85 May
Kings Co. Elev.—1st, 5 g..l9 2 5 t A J 83
Con. 5 g ..........................1956 M 8b N 107% 102% Feb. 107% May
96 b. 90% Feb. 96% May
Laclede Gas.—1st., 5 g ___1919 Q - F
Georgia Pao. 1st 5-6s, g.1922 J A J 113 b. 107% Mar. 114 June
Lake Erie & West.—5 g ... .1937 J A J 116 b. 112% Jan. 117 May
Knoxv.
8b Ohio 1st 6s, g.1925 J A J 114%b. 111% Mar. 114 Feb.
116 Apr. 118 Jan.
L. Shore.—Con. op., 1st, 7s. 1900 J A J
Rich. ADanv. con. 6s, g.1915 J A J 121% 118 Jan. 121% June
Consol, ooup., 2d, 7s.....1903 J A D 120%b. 123 Mar. 124% May
J A J 115 b. 109 Feb. 115 May
W
est.No.Car.lstoon.6s,gl9li
Longlsland.- 1st con.. 5 g. 1931 Q—J T22%b. 117% Jan. 119% May
90 June
General mortgage, 4 g .. 1938 J A D 97 b. 95% Feb. 99 May TenrnC. I. ARy. TemD.,lst,6 g A A O 86 b. 77 Jam
J A J 92
78 Mar. 92% May
Birmingham
Div.,
6
g
.
..
1917
Louis. & Nash.—Cons., 7S.1898 A A O 108% 1Ò7 Apr. 110% Mar.
83% Jan.
94 May
N.O. A Mobile, 1st, 6 g ..l9 3 0 J A J 121 b. 115% Feb. 121 June Texas & Paoiflo- 1st, 5 g..2000 J A D 91%
21% Jan. 31% May
29%
2d,inoome, 5 g ...........2 0 0 0 Maroh
103% Mar. 104 Jan.
A J
«*•
>
2d, 6 g .. 1930
MAN
t76
Mar.
182
Jam
t
75
b.
Tol.
Ann
Ar.
A
N.
M.—6
g.1924
119%
May
A
D
114
Feb.
117
b.
General, 6 g ..................... 1930
A J 82 b. 71% Mar. 82% May Toledo A Ohio Cent.—5 g.1935 J A J lll% b . 107% Feb. 111% June
Unified, 4 g ................... 1940
J
A
D
57
Feb.
171
May
Tol.
St.
L.
A
Kan.
O.—6
g„1
9
1
6
t
71
85
Jan.
79
Jan.
A
A
86 a.
Nash.FL&Sh.-lst.gtd.,5 g.’37
102% Mar. 107 June
A J 89%b. 83 Jan. 90 May Union Paoiflo—6 g . . . . . . . . .1898 J A J 107
Kentucky Central.—4 g.1987
89
Mar.
MAS
95
b,
98
Jam
Ext.
sinking
fund.
8
.....1
8
9
9
106
Jan.
113%
May
A J *113%b.
Louis. N. A. & Oh.—1st.,68.1910
139 Apr. 146 May
Collateral trust, 4%........1918 MAN
A O 100% a. 93% Feb. 1013s May
Consol., 6 g ...................1 9 1 6
83 Feb. 96% May
Gold 6s, col. trust notes. 1894 F A A
Louis. St. L. A Texas.—6 g.1917 F A A ►56 b. 55 Feb. 56 Mar.
Kan. Pao.-Den. Div., 6 g.1899 MAN 107 %b 103% Mar. 108 Jam
Manhattan consol. 4s........ 1990 A A O 100 b. 96 Jan. 100% May
62 Feb. 78 Jam
M
A
N
70
lstoonsol.,
6
g
.........1
9
1
9
Metro. Elevated.—1st, 6 g.1908 J A J 122 b. 118% Jan. 121% Apr.
88 Jan. 102% May
Oregon Short Line—6 g,.1922 F A A 98%
106 May 109 Feb.
2d, 6s................................ 1899 M A N
39 Feb. 53 May
Or.S.L.AUt’hN.—Con.
5g.
1919
A
A
O
48%
Mich. Cent.—1st, cons., 7s. 1902 M A N 118 b. 117 May 121% Jan.
32 Feb. 43 May
U.P.Den. AGulf,oon., 5 g.1939 J A D 40%
Consol., 5 s.....................1 9 0 2 M A N 106 %b. 106% June 109% Apr.
37 June 64 Jam '
J
A
J
37%
U.
S.
Cord.—1st
col.,
6
g
„1
9
2
4
Mil. LakeSh. AW.—1st, 6 g.1921 M A N 129 b. 127% May 131 Feb.
91% Feb. 98 Apr.
M
A
N
99
a
Virginia
Mid.—GemM.,
5s.
1936
109
Apr.
115
Jan.
F
A
A
113
a.
Exten. & Imp., 5 g.......... 1929
104%
May 107 Apr.
MAN
106%
Mo. K. A E.—1st 5s, g., gu.1942 A A O * 92%b. 81 Jan. 93% May Wabash—1st, 5 g ...............1939
63% Feb. 77 May ]
2d mortgage, 5 g..............1939 F A A 76
M. K. A Texas.—1st, 4s, g. 1990 J A D 85%b, 79% Feb. 88% May
102%
Jam
108 May j
44 Feb. 60% May West. N. Y. <&Pa.—1st, 5 g.1937 J A J 108 %b.
2d-4s, g ............................ 1990 F A A 57%
2d mortgage trust reots .1927 A A O t 30 %a. 123% Jam t31 Apr.
93 b 83 Mar. 95 Jan.
Mo^Pac.—1st,con., 6 g ....l9 2 0 M A N
106
Jam
May!
3d, 7s.................
1906 M A N 103 b 103 Mar. 110 May West. Urn Tel.—CoL tr. 5s. 1938 J A J 110 %b. 44 Mar. 110
57% May I
Pac. of Mo.—1st,ex., 4 g.l9 3 8 F A A 104 b 100% Mar. 106 June IWiso. Cent. Co.—1st, 5 g „1 93 7 J A J f 56 a.
Note .—“ b ” indicates price 5id ; “ a ” price asked ; the range is made up from actual sales only. * Latest price this week, t Trust receipts.

NEW YORK STOCK EXCHANGE PRICES—(Continued).—IZVACr/FJE B O N D S-JU N E 7.
SECURITIES.

Bid. Ask.

Railroad Bonds.
Otock Exchange Prices.)

Alabama Mid.—1st, g g u a r . . 1928 *92
A. T. A S. F —2d, 4s, Class B.1989
Chicago A St. Lou.—1st, 6 s.1915 106
oi. M id . 1st, g., on............... 1936 *71
Atl. ft Pac.—2d W. D., gu. 6s,.1907
Balt. * Ohio—1st, 6s. Park B.1919 115




SECURITIES.
Baltimore A Ohio—( Con.)
5s, ,<ud.................................. 1925
uns. mort., gold, 5 S ........1 9 8 8
W. Va. A Pitts.—1st, g., 5S..1990
B. A O. S. W., 1st, g., 4% s.„1990
Monon. River, 1 stg.,g. 5 s ... 1919
Oent’lOhio Reor.—1st, 4% s.l930
Ak. A Ch. June.—Ist,g,5s,gu.l930
Brooklyn Elevated—2d, 5 s ... 1915
Brunswick A W’n—1st, g. 4s, 1938

SECURITIES.

Bid.
Ill
114

HO
103
*101

102
80

Bufi. R o d . A Pitts.—Gen., 58.1937
Koch. P., 1st, 68.............. 1921
Rooh. A Pitts.—Cons. 1st, 68.1922
Burl Ced. Rap. A No.—1st, 58.1906
Consol. A oollat. trust, 5 s .„1 9 3 4
MinUJA St. L.—1st, 7s, gu„1927
Iowa C. A West.—1st, 7s.. ..1909
Oed. Rap. I. F. A N., 1st, 68.1920
1st, 5 8 ....,...= .................1921
G. Ohio—Coi. A dn.M .lst,4% s.l939

Bid.

Ask

96%

121

117 118
105% 107
100

106
103
95

140
107

1004

THE CHRONICLE.

[V ol.

l x

.

ViMtK HfOOK ÜX0H\^tfE PRICES.—IN ACTIVE BONDS—f ContinuedJ— J U N E 7.
SECURITIES,

Bid.

Uent.BB. i B»Hi.—Col. g.5f.J9S7
Cent, of N. J.—Coriv. deb., 6s.1908
Central .Pacific—Gold M s, 6t>, *895
Gold bonds, 6s.................... Ib06
Gold bonds, 6s.................... .1897
Ban Joaquin Br., 6s..............1900
Mort. gold 5s......................... 1939
Land grant, 5s, g.................. 1900
Cal. A O. Div., ext., g. 5 s ...1918
West. Pacific—Bonds, 6s___1899
No. Railway (Cal.)—1st, 68.1907
50-year 5s...........................1938
-Ches. A O.—Pur. M. fund, 6s.1898
craig Valley—1st, g., 5s— 1940
Warm Spr. Val., 1st, g. 5s.. 1941
~C j6S. O. A So. West.—1st 6s, g.1911
Sd, 6s...................................... 1911
Oh.V.—Gen.con.lst,gu.g,5s.l938
X) dcago & Alton—S. F., 6s___1903
Louis. A Mo. River—1st, 78.1900
2d, 7s...................................1900
8 L. Jacks. & Chic.—2d, 7s. 1898
Miss.R. Bridge—1st, s. f., 68.1912
•'Chic. Burl. & Nor.—1st, 5s___1926
1896
Dibenture6s..............
Ch o. Burling. A Q.—5s, s. f..l9 0 1
Io wa Div.—Sink, fund, 5 s ..1919
Sinking fund, 4s.................1919
Plain, 4 s . . . . . . . ............
1921
■Chic. A Indiana Coal—1st 5s. 1936
'Chi. Mil. & St. P.—1st,8s,P.D.1898
d, 7 3-10s, P. D . . . . . ...........1898
lr t ,7 s ,$ g .,R .D ...................1902
1st, I. & M., 7s......................1897
1st, I. A D., 7s......................1899
1st ,C. A M., 7s......................1903
1st, I. A D. Extension, 7s. ..1908
1st, La C. A Dav., 5 s ....... 1919
1st, H. A D .,7 s............... ...1 91 0
1st, H. & D., 5s.................... 1910
Chicago A Pacific Div., 6 s ..1910
Mineral Point Div. 5s.......... 1910
C. & L. Sup. Div., 5s............1921
Fargo & South., 6s, A ssu ...l9 2 4
Inc. conv. sink, fund, 5 s....1916
Dakota A Gt. South., 5s___1916
Mil. & Nor. mainline—6 s ... 1910
Chio.&Norw.—30-year deb.5e.’ .921
Escanaba A L. 8. 1st, 6 s .... 1901
DesM. A Minn.—1st, 7 s....1907
Iowa Midland—1st, 8s........ 1900
Peninsula—1st, con v .,7 s...1898
Chic. A Milwaukee—1st, 7s.1898
Win. A St. P.—2d, 7s............1907
Mil. & Mad.—1st, 6s............1905
Ott. O. F. & St. P.—1st, 5s. 1909
Northern 111.—1st, 5s...... 1910
Ch.R.I.&P—D.M. AF.D.l st 4S.1905
1st, 2*«6.............
1905
Extension, 4s................ .1905
Kiokuk A Des M.—1st, 5s.. 1923
Chic. St. P. A Minn.—1st,6 s ...1918
at. Paul AS. C.—1st, 6 s ..... 1919
Ohio. A W. Ind.—1st, s. f., 68.1919
General mortgage, 6s.......... 1932
'din Ham. A D.—Con. s. f., 7s.1905
Sd, gold, 4*«s.........................1937
Oin. D. & Ir’n—1st, gu. 5s, g.1941
Clev. Ak. A Col.—Eq. A 2d 6s. 1930
C.C.C. A St. L., Cairo div.—4s, 1939
Bt.Lou.Div.—lstcol.ts’t4s,g. 1990
Bpring. ACoLDiv.—lst,g. 4s. 1940
WhiteW.Val.Div.—1st,g. 4s. 1940
Oin.Wab.AM.Div.—Ist,g.4s.l991
Oin. I. St. L. A C.—1st,g.,48.1936
Consol ,6 s ..............................1920
CirnSan. ACl.—Con.lst,g.5s, 1928
.Col.Cin. & Ind.—1st, 7s,s.f.l899
Consol, sink, fund, 7s.......... 1914
Cin.ASpr.—lst,C.C.C.AI.7s.l90l
Cleve. Lorain A Wh.—1st, 5s.1933
Cleve A MaU. V.—Gold, 5s. . . 1938
Del. Lack. AW .—Mort. 7 s .... 1907
Syra. Bing. A N. Y.—1st, 7s. 1906
Morris A Essex—1st, 7s___1914
oonds, 7s............................ 1900
7s of 1871...........................1901
1st, con., guar., 7s............1915
Warren -2d, 7 s .................... 1900
D AH.Can.—Pa. Oiv.,coup.7s.l917
Albany A Susq.—1st, gu.,7s. 1906
1st, eons., guar., 6s......... 1906
R eis. A Bar.—1st, coup., 7s.l921
Denver City Cable—1st, 6 s ...1908
Deav. Tramway—Cons. 6s, g.1910
Metropol. Ry.—lst.gu. g.6s.l911
Denv. A R. G.—Imp., g., 5s. ..1928
Det. Bay C. A Alp.—1st, g.,6s 1913
Det.M. AM.—L. g. 3Hs,ser.A.l911
•>uluth A Iron Range—1st 5s. 1937
Erie -1st, extended, 7s.......... 1897
2 r, extended, 5s....................1919
3d, extended, 4*as.................1923
4th, extended, 5s.................. 1920
5sh, extended, 4s.................. 1928
1st, con., g., r d , 7 s ..............1920
Reorg., 1st lien, 6s................1908
o. N. Y. A E.—1st, 7s.......... 1916
N.Y.L.E.AW.—Fad.oou. 58.1969
Col. trust., 6 s ......................1922
Buff. A S. W.—Mortg. 6s___1908
Jefferson—1st, gu. g. 5 s ___1909
Coal A R R .—6s.................... .1922
Dock A Im pt.,lst 6s, cur’cy.1913
Eireka Springs—1st, g., 6 s ...1933
E ans.A T .H .—1st,cons.,6s..1921
st, general, g., 5 s ............... 1942
Mt. Yernon 1st 6 s ................1923
E.AT.H .-^ul. Co.Br.lst.g. ,5s. 1930
Ev. ARieli.—1st gen.5s,g.gu.l93l
Evans. A Indian.—lBt, cons..1926
FUnt AP. Mara.—Mort., 6 s ...1920
1st con. gold^5s...................1939
Port Huron—1st, 5 s ............1939

*90

ask

Ì03*
104
1041«
105
*93
106
106
92

1071«

114*«

1141«
107 **

1071«

Ì0 4
*95
1041«
1071«
98

8?i«

101

113

118 12 2>«
123H 125
1171« 1-21
1181« 1 2 2 »«
'125 126
130
1081«
127 3g 128
107
'118
1064«
106

107
114>«
107 1071«
’ 110*«
118
111

127
114
107

1081«
60
100 102
1261«

127
115

117*«

Ì03Ì* i’oT
*90
92
911«

89

95*4

108
111

117

115
1081*

13ÓÌ«
140 141116 117
117
139 141
114
T43i«
125
1187« 119**
142

84
20
96
106
115

108
1141«
100

T06
105
ICO

23
961«
1151«
102*4

128
112

110

ibi*«

*108

*ïï6"
95
95
1131« 115
92
90
89*«
68

SECURITIES.
Fla. Ccd A Pen.—1st g. 5 s ....1918
1st con. g., 5 s .......... ........1 9 4 3
Ft. Worth A R. G.—1st g., 5s..1928
Gal. Har. A San Ant.—1st, 68.1910
1905
2d mort., 7s.............
Ga. Car. A Nor.—1st, gu. 5s, g.1929
Ga. So. A Fla.—1st, g. 6s........ 1927
Grand Rap. A Ind.—Gen. 5s. .1924
G. B. W. A St. P.—1st, con. 5s. 1911
2d ino. 4s............
1906
Housatonic—Cons, gold 5 s.... 1937
N. Haven ADerby, Cons.5s..1918
Hous. AT. C.—Waco A N. 7s..1903
1st g., 5s (int. gtdj............... 1937
Cons. g. 6s (int. g t d ).......... 1912
Debent. 6s, prin. A int. gtd.1897
Debent. 4s, prin. A int. gtd.1897
Illinois Central—1st, g., 4s ...1951
1st. gold, 3*«s....................... 1951
Western Line, 1st, g. 4s ....1 51
Cairo Bridge—4s..................1950
Springf. Div.—Coup., 6 s .... 1898
Middle Div.—R eg - 5s..........1921
C. St. L. AN. O.—Ten. 1.,78.1897
1st, consol., 7s....................1897
Gold, 5s, coupon............... 1951
Memp. Div., 1st g. 4s.......1951
Ced. Falls A Minn.—1st, 7s..1907
Ind. D. A Spr.—1st 7s, ex. op.1906
Ind.D.AW.—2d, 5s, g.,tr.reo..l948
Ind. Ills. A Iowa.—1st, g, 4s.. 1939
1st, e x t , g. 5s........................1943
Int. A G. N’n.—3d, 4s, g ..... 1921
Kings Co.-F.El.,lst,5,g. ,gu. A. 1929
Lake Erie A West.—2d g., 58.1941
L. S. A M.Sou.—B.AE.—New 7s.’ 98
Det. M. A T.—1st, 7s............1906
Lake Shore—Div. bonds, 7s. 1899
Kal. All. A G. R.—1st gu. 5S.1938
Mahon’g Coal RR.—1st, 5s. 1934
LehighV.,N .Y —1st gu.g.4*«s.l940
Lehigh V.Term.—1st gu. 5s,g. 1941
Lehigh V’y Coal—Ist5s,gu.g.l933
Iiitohf. Car. A West.—1st 6s. g.1916
Little Rock A M.—1st, 5s, g . 19-17
Long Island—1st, 7 s ............... 1898
Ferry, 1st, g., 4**s..............1922
Gold 4s...................................1932
N. Y. A R’way B.—1st, g. 58.1927
2d mortg., I n c ..................1927
N.Y.AMan.Beaoh.—1st, 7s, 1897
N.Y.B.AM.B.—1st con. 5s,g. 1935
Brookl’nAMontauk—1st,6s. 1911
1st 5s
1911
No. Shore Br.—istcon.5s,g.l932
Louis.Evans. A St. L.—Con.5s.1939
Louis. ANash.—Cecil. Br. 7s.. 1907
E. H. A Nash.—1st 6s, g ....l9 1 9
Pensacola Division, 6s........ 1920
St. Louis Division, 1st, 6 s...1921
2d. 3s
1980
Nashv. A Decatur—1st, 7s.. 1900
S. f.,6s.—S. A N. Ala.............1910
10-40, gold, 6s......................1924
50 year 5s, g.,....................... 1937
Pens. A A t .- 1st, 6s, gold ... 1921
Collât, trust, 5s, g ................1931
Lou.N.Alb.ACh.—Gen.m.g.5s.l940
Manhattan Ry.—Cons. 4s.......1990
Memphis A Chari.—6s, gold.. 1924
1st con. Tenu lien, 7s.......... 1915
Mexican Cent. Consol.—4s, g.1911
1st, cons, income 3s, g ......l9 3 9
Mex. International—1st, 4s,g.l942
Mexican National—1st, g., 68.1927
2d, income, 6s, “ A” ..............1917
2d, income, 6s, “ B ” ............ 1917
Michigan Central—6s..............1909
Coupon, 5s............................. 1931
Mortgage 4s...........................1940
Bat.C.AStrgis.—Ist,3s,g.gu.l989
Mil. L. 8.AW.—Conv. deb., 5s. 1907
Mich. Div., 1st, 6s.................1924
Ashland Division—1st, 6s ..1925
Minn.A St. L.—1st, g. 7s........ 1927
Iowa Extension, 1st, 7s.......1909
Southwest Ext.—1st, 7s...... 1910
Pacific Ext.—1st, 6 s ............1921
Minn. A Pao.—1st mortg., 5s.1936
Minn.St.P. AS.S.M—1st o.g.4s.l933
Missouri Kansas A Texas—
Mo.K.AT.of Tex.lst,gu.5s.g.l942
Kansas City A P., 1st,4s,g., 1990
Dal. A Waco—1st, 5s, gu ....1940
Missouri Pacilio—Trust 5 s ... 1917
1st coll., 5s, g ....................... 1920
St L.AI. M.-Ark.Br.,1st,78.1895
Mobile A Ohio—1st ext., 6s...1927
St. L. A Cairo—4s, guar.......1931
Morgan’s La. A T.—1st, 6s__ 1920
1st, 7s..................................... 1918
Nash. Chat. A St. L.—2d, 6s.. 1901
N. O. A. No. E.—Pr. 1., g., 6s.. 1915
N. Y. Central.—Deb. g. 4 s ....1905
N. J. June—Guar. 1st, 4 s ... 1986
Beech Creek—1st, gold, 4 s..1936
Osw. A Rome—2d, os, g.,gu,1915
Utica A Bl. Riv.—4s, g., gu.1922
N. Y. A Put.—1st, g., 4s. gu.1993
N. Y. N. H. A H .—1st, rev.4s. 1903
N. Y. A Northern—1st, g. 5 s.. 1927
N. Y. Susq. A West.—2d, 4*«s.l937
Gen. mort., 5s, g ................. 1940
N. Y. Tex. A Mex.—Ist,4s,gu.l912
North’n Pacific—Divid’d scrip ext.
James River Val.—1st, 6s... 1936
Spokane A Pal.—1st, 6s.......1936
St.Paul A N. P.—Gen., 6 s ..1923
HelenaARedM’n—lst,g., 6s.1937
DuluthAManitoba—lst,g.6sl936
DuLAMan Dak.Div.-lst6s.1937
Cœur d’Alene—1st, 6s, gold. 1916
Gen. 1st, g., 6s.................... 1938
Cent.Washington—1st,g..6s. 1938

Bid.
*36
58

99
100

*50
120

113
115

Ask.

62

6

122

110
Ì03** 106
»5

78

90
84

110

103»«

102*« 103

ibsV
in
107*«
107*«
119
*95

120
81

*93
32

140
83*«
35
72 *s
105 *«

108*4

125*4
111*« 112
114
115%
103

103*4

T09*s 112

109
95*«
102

37 *« 43

100
100

*35

107**

36

113*4
102

124
66
1125g
108

100 *«

102
103*«

71

99*«

74»«

100

L10
*70

116
115

35
10

101

ibi*’

107

122

124
123*«

126*«
125s
135
iÏ 8 * ‘

82»«

83*«
74*4

84

78

125
I li
102*«
’102

107

104
ÌOO
116
70
*81

76

*56

58

*73*«
120

80
80

* No price Friday; these are the latest quotations made this week. F o r m is o e ll n e o n « a n d




SECURITIES.

Bid.

Ask.

Norfolk A 8outh’n—1st, 5s,g.l941 105
Norfolk A West.—General, 6 s.1931 118
New River 1st, 6s................. 1932 110 115
Imp. A Ext., 6 s ...................1934
Adjustment M., 7s............... 1924 *70
Equipment, 5 s . . . . . . . . ...........1908
Clinch Val. 1st 5s.................1957
55
63
RoanokeASo.—lst.gu. 5s, g.1922
Scioto Val. A N. E.—1st, 4s,.1990 79
79*«
Ohio A Miss—2d consol. 7 s ...1911 118
Spring.Div.—1st 7s...............1905
General 5s..............
1932
Ohio River RR.—1st, 5s..........1936
100
Gen, g.,5 s.................
1937
Oregon A Califor.—1st, 5s, g.1927
Oreg. RyANav.—Col.tr. g..5s.l919
Penn-P.C.G.ASt.L.Cn.g.4*«sA1940 109*«
Do
do
Series B
110
P.C.AS.L.-lst,o.,7s............... 1900 *115*«
Pitts. Ft. W. A 0.—1st, 7s... 1912 141
2d, 7 s ................................. 1912 133
3d, 7s...................................1912 129
Ch.St.L. AP.—lst,con.5s,g.. .1932 *114
Clev. A P.—Cons., s. fd., 7s.1900 116»« 118
Gen. 4*«s, g., “ A” ............ 1942
St. L.V. A T .H .—1st,6s.,78.1897
2d, 7s...................................1898
2d, guar., 7s......................1898 *106 *«
Gd.R. AI.Ext.—lst,4*«s,G.g. 1941 109*4
Peo.AE.-Ind.B.AW.-l8t,pf.78.1900 *113
Ohio Ind.AW.—Istpref.5s..l938
Peoria A Pek. Union—1st, 6s .1921 1Ï3’
2d mortg., i^as......................1921 68
70
Pitts. Cleve. A Tol.—1st, 6 s ...1922
Pitts. A L. Er.—2d g. 5s, “ A” . 1928
Pitts. Mo. K. A Y.—1st 6s___ 1932
Pitts. Painsv. A F.—1st, 5 s ... 1916
Pitts. Shen. A L .E.—1st,g.,5s. 1940 85
1st consol. 5s......................... 1943
Pitts. A West.—M. 5s, g.1891-1941
78
Pitts.Y’gst’nAA.—1st, 5s,con.l927 105 *«
Pres. A Ariz. Cent.—1st, 6s, g.1916
2d income 6s......................... 1916
Rio Grande So.—1st, g., 5 s ... 1940
St. Jos. A Gr. Is.—2d ine........1925
Kan. C. A Omaha—1st, 5s.. 1927
St. L. A. A T. H.—Term. 5 s ..1914 103 104
Bellev. A So. 111.—1st, 8S...J.896 104
Bellev. A Car.—1st, 6s......... 1923
Chi.St.L.APad.—1st,gd.g.5s 1917 iob' 102
St. Louis So.—1st, gd. g. 4s.1931 *80
do
2d income ,5s. 1931 *60
Car. AShawt.—1st g. 4S....1932 *80
St. L. A S. F.—2d 6s, g., Cl. A.1906 115
General 5s..............................1931
95
1st, trust, gold, 5s........... 1987 *77
Kan. City A S.—1st, 6s, g ...l9 1 6
Ft. S. A V . B.Bg. -1st, 6 s ... 1910 10O
Kansas Midland—1st, 4s, g.1937
St. Paul A Duluth—1st,5 s .... 1931
2d mortgage 5s......................1917 102
St. Paul Minn A M.—1st, 7s.. 1909 113
2d mort., 6s............................ 1909 117*4
Minneap. Union—1st, 6s___1922 117
Mont. Cen.—1st, guar.', 6 s..1937 115*4
1st guar. g. 5s.................... 1937 103 104
East. Minn., 1st div. 1st 5s.1908 '102*«
WilmarASiouxF.—1st, g,5s.l93s
San Fran. A N. P.—1st, g., 5s.l919
Southern Railway—
Alabama Central—1st 6 s ...1918 '111 113*«
Atl. A Char.—1st, pref., 7 s..1897 103
Income, 6s......................... 1900 100
Colum. A Green.—1st, 5-68.1916 106
E. eoa. V. <fc Ga.—Di ns.5s 1930 109 112
Rich. A Dan.—Eq. s. f. g. 5s. 1909 93
98*«
Deben. 5s, stam ped.........1927
97*4 98*«
Vir’a Mid.—Serial ser.A, 6s. 1906
Series B, 6s......................... 1911
Series C, 6 s ....................... 1916
Series D, 4-5s .................... 1921
Series E, 5 s ....................... 1926
Series F, 5s......................... 1931
Wash,0. AW.—1st our.gu.4s.1924
Ter.RR.As’n of St.L.-lst,4*ss.l939
Texas ANew Orleans—1st,7s. 1905
Sabine Division, 1st, 6s.......1912
Consol. 5 s,g .......... ..........1 9 4 3 *94
Tex. A Pac., E. D.—1st, g. 6s. 1905
Third Avenue (N.Y).—1st 5s, 1937 1*20*«
Tol. A. A. A Cad.—6s............... 1917
69
Toledo A. A. A G’d Tr.—g. 68.1921 78
Tol. A. A. A Mt. PL—6s.......... 1919 ‘ 78
Tol. A. A. A N. M.—5s, g........ 1940
T.AO.C.—Kan.AM., Mort. 4s.l990 78*«
ToLP.A W.—1st 4s,ino.f’d.oou.July 73
73*«
Ulster A Del.—1st, con.,6.,5s. 1928
Union Pacific—1st, 6s...........1896 ib 5 78
1st, 6s.....................................1897 106 106*4
1st, 6s.................................... 1899 107*«
Collateral Trust, 6s..............1908 95
Collateral Trust, 5s..............1907 7o
Kansas Paoifio—1st 6s, g ...l8 9 5 106*4
1st, 6s, g ..............................1896 107*4
C. Br. U. P - F . o., 7s.......... 1895
Atoh. Col. A Pao.—1st, 6s... 1905
42*«
Atch. J. Co. A W.—1st, 6s... 1905 *39
U. P. Lin. A Col.—1st,g., 5s. 1918
40*«
Oreg.S.L. A U.N.,col.trst. ,5s. 1919 *49
50
Utah A North.—1st, 7s........ 1908 100
Gold, 5s...............................1926
Utah Southern—Gen., 7s ..1909
69
Exten., 1st, 7s............... ..1909 69
Valley R’y Co. of O.—Con. 6s.l921
Wabash—Debenture, Ser. A .. 1939
Debenture, Series B ............1939
29*«
Det. A Chic. Ext. 1st, 5s, g.,1940 98 100
No Missouri—1st, 7s.......... 1895 103*4
8t L.K.C.AN.—R.E.ARR.7S.1895 T0278l103*8
St.CharlesBr’ge—1st,6s... 1908 106 j . . . . . .
West. Va. C. A Pitts.—1st, 6s. 1911
Wheel.AL.E.—1st. 5s, gold ...ly 2 6 Ì02% ibi“
Extension A Imp, g., 5s.......19S0 90 I 92
Wis. Cent, income 5s_______ 1937 *1 0 V 11*4
U n lis t e d B o n d s .—See 3d page preceding.

THE CHRONICLE.

J u n e 8, 1895.J

R o ad s.

J tiffe slra m t

EAR N IN G S.

The following table shows the gross earnings of United
States railroads (and also a few Mexican and Canadian roads)
for the latest period reported. The statement includes every
road from which regular weekly or monthly returns can be
obtained. The first two columns of figures give the gross
earnings for the latest week or month, and the last two col­
umns the earnings for the calendar year from January 1 to
and including such latest week or month.
Roans.

Latest E arnings Reported «

Jan. 1 to Latest Date.

1894.
g
67,500
53,469
10,967
11,181
Adirondack___ April........
57,131
47.040
47,040
57.131
Ala. Midland.. January...
659,901
745 923
Allegheny Val. April........ 206,955 170,260
19.431
23,563
7,072
8,331
Ark. Midland... March.......
Atoh. T. & 8. Fe 3d wk May 563,759 490,444 10.720,249 10,627,465
99,574 2.142.292 2,143,018
St. L. & San F. 3d wk May 107.323
56,015 1,384,222 1.211,735
89,381
Atlantic A Par 3d wk May
Agg. total... 3d wk May 760,463 646,033 14,2i6,763 13.982.219
126,962
117,767
41,866
36,547
Atlanta & W. P. March.......
215,812
8,590
197.187
11,180
Atlan. & Dauv.. 4thwkMay
48,869
55,100
19,275
17,157
Austin & N’ west March.......
5,007,806
4,944,667
1,269,277
1,286,931
B. AO.East Li nes April........
387,721 361,650 1,677,157 1.390,878
Western Line* April........
Total..
April........ 1,674,652 1,630,927 6,684,963 6,335,545
Bal.&G. Sou’w .. 4thwkMay 162,068 153,138 2.522.293 2,450,207
73,615
173,448
70.803
Bangor&Aroost. March.......
6,380
7,071
1,931
1,555
Bath A Haiu’ udr> April........
7,378
5.353
1.997
1,434
Bir. & Atlantic.. April........
948,098
766,238
58,660
53,560
Brooklyn Kiev.. 4thwkMay
44,614
48,463
44,614
Brunsw’kv West January...
48,463
Buff. Rook.&Pitt 4th wkMay
963,037
30.602 1,153,688
81,006
Bur. C.Rap.&N. 4thwkMay 105,523 102,695 1.441.895 1,488,628
190.344
194,089
Camden A Ati.. April........ .
66,5 2b
55,759
Canadi an Paci he 4thwkMay, 465.000 473.000 6,021,948 6,679.086
17,004
11,879
Car. M idland.... April........
2,650
2.631
Cent, of Georgia March.......' 399.394 426,*67 1,187,414 1,471,»79
Central of N .J.. April........ 1,019,401 912.3X2 3,705,417 3,466,414
Central Paciho.. March....... 1,014,879 983,778 2,637,829 2,632,738
67,247
53,241
Charleston ASav. January...I
53,241
67,247
29,003
27,040
Cheraw. A Dari.. March.......I
9.179
16,605
Ches. A O h io.... 4tkwkMay 281.310 189,601 3,814,544 3,427,168
648,162
713,489
Ches.O.ASo.W.. April........
174,048 159,646
528,077
526,587
Chlo. Bur. A No. A pril........ 139.361 128,932
Chic. Bur. A Q.. A pril........ 2,333,145 2,495,64^ 9,032,107 10,280.374
40,629 1,449,627 1,313,162
Chic. A East, ill 4tliwkMay
80,020
735,67o
Chicago A Erie April........ 217.324 178,416
831,775
61,842
Chic. Gt.West’n 2d wk May
54.783 1.196,503 1,256,876
Chic.Mil.ASt.P. 4 th wkMay 716,670 749,235 10,276,414 11,294,354
Chio.AN’tkw’n. April........ 2,138,257 2,177,470 8,174.142 8.958.430
283,255
370.868
Chic.Peo.ASt.L 4tliwkMay
22,759
11,793
Chic.R’ k l. A P .. May.......... 1,167,213 1,376,775 5,638,367 5,809,112
Chio.St.P.M.AO April........ 466,349 511,921 1,897,339 2,269,919
597,989
642,669
39.687
35.789
Chic. A W . Mick 4tkwkMay
165,732
240,702
56,421
74.912
Choc. Okl. AGli. March.......
18,679
19,370
Cin.Ga. A Ports. April........
5,236
5,161
412
905
412
Cin.A Kent. Sou. January...
905
245.533
231,097
14,406
Cin.Jaok.A Mac 4tkwkMay
13,177
Cin. N.O. AT. P April........ 291.000 249.000 1,089,001 1.144.000
455.000
468.000
Ala. Gt. South April........ 109.001
100.000
385.000
427.000
N. Orl. A N. E. April........
98.000
77.000
169.000
165.000
34.000
37,00(
Ala. A Vicks« April........
173.000
170,001«
38.000
35.000
Vicks. Sh. A P April........
Erlanger Syst. April........ 573.001 495,000 2,319,000 2.326.000
77,773
66,723
Cin. Ports. A V April........
21,509
18,831
352,339
362.977
Clev.AkronACo 4tbwkMay
24,638
22, 20 «
183,8x1
226,790
Clev.Can.ASo., 3d wk May
9,936
8,683
CLCin.Ch.ASt.1. 4ihwkMay 406,999 347,262 5,385,221 4,896,255
364,224
410.986
Peo. A Last’ n March....... 150.30» 137,065
376.630
462.417
2«,519
CL Lor. A Wheel ithwkMay
36,548
4x6,275
498,999
38,544
Col. Midland___ Itli wk Apr.
45,272
914.830
*75,215
CoLH. V .A T oi May........... 124,8 12 104,886
212,398
309,160
Col. Sand’y A U. IthwkMay
14,329
10,651
5,109
4,620
1,000
Colusa A Lake . April........
1,00
2,764
2,218
Crystal.............. March.......
830
1,120
170,724
167,0« >2
Cumb’l’d Valley March.......
61,110
61,728
Denv. A Rio Gr 4thwkMay 179.100 175,00« 2,616,924 2,526,690
405,856
441,212
Det.Lans’gANo. 4i UwkMay
26,515
21,957
28,741
24,8 «7
65,530
69,493
Det. A Mackinac March.......
517,504
650,44*
Duluth». S. A Ati. 3d wkMay
42,590
30,720
456.978
436,519
Elgin.Jol.&Easi May..........
91,312
6-,86
15,654
14,405,<t6J
Eureka Springs March____
4,617
106,774
Evans. AInd’ pll.' 4thwkMay
115,81*
7,122
7,079
36,207
3.',797
2,156
3,042
Evans. A Rich. 2d wk May
426,254
Evansv. A T. H ithwkMay
422,112
25,192
28,227
5,448
4,65H
FindlayFtW&W January...
4,658
5.448
Fitchburg.......... April........ 575.838 542,320 2,155,946 2.016.430
952,765
942,013
Flint A P. Marq. 3d wk May
47,740
37,139
59,710
53,440
53.440
Fid. Cut. A Penin 1st wk Jan
69,710
151,546
106,609
9,031
Ft.W. A Rio Gr. ithwkMay
5,792
1,978
2.461
700
Gads. A A tt. U April........
416
536,063
405,996
Georgia RR ....... ithwkMay
28,910
28,223
246.287
Ga. Garda A No April__ _
24X.517
51,838
50,562
253,424
291,298
61.167
Geo. So. A Fla. April........
63,022
691,773
761,109
Gr. Rap. A Ind. 3d wk May
29,572
37,458
142.540
164,375
Cin. R. A Ft. W. 3d wk May
8,343
6,767
19,633
16,5*7
Traverse City. 3d wk May
933
644
46,373
Mus. G. R. A 1. 3d wk May
33,798
2,468
1,585
988,377
Tot. all line«- <d wk May
837,743
49,202
38,568
Grand Trunk... WkJune 1 323,431 311,21
6,887,109 7,063,838
Chic. A Gr. Tr. Wk Mayl8
998.743 1,102,494
51,596
54,516
Det.Gr.H. A M. Wk May 18
352,115
336,901
17,632
17,175
Great North’n—
St. P. M. A M. May.......... 1, 0 0 2 , 609 813,161 4,139.194 3.397.219
327,172
East of Minn.. M a y.........
85,473
104, 555
438,008
548,332
Montana Ceut. May..........
124, 137 144.808
603,176
Tot. system. May.......... 1,231 301 1,043,442 5,180,67» 4,272,723
13,321
Gulf A Chicago April........
13,817
2.984
3. 241
Hoos.Tun.AWil. April........
10,597
4, 342
15,164
3,132
Hous.E.&YV.Tex April........
166,549
137,161
27,927
36, 000
38,553
Humest’nASlieu April........
32,900
9,155
6 ,700
Illinois Central. M a y ._____ 1,605, 209 1,427,870 7,673,437 7,179,988
137,879
Ind. Dec.AWest. ithwkMay
183,217
10,073
15, 132
8 6 , 301
77,184 1,503,141 1,21«,038
In.A Gt. North’n ithwkMay
45 020
950.016
{ Interoo. (Mex.) W k M a y l x
913.«26
48.239




W eekor M<

1895.

1895.

j

1894.

Jan. 1 to L atest D a te.

1895.

j

j

I n t e llig e n c e

R AILRO AD

Latest E arn ings Reported.
Weekor Mo

AND

^ m lx o K &

i

1005

1894.

1895.

g

g

1894.

»
*
$
1
$
37.604
Iowa Central... 4thwkMay
710,825
34,317
609,149
iron Railway.. April
14,202
2,931
4,877
17,971
32,761
Jack. T .& K. W. April
192,881
366,325
66,488
11,617
Jamest’n & L. E April........
3.578
12,101
3,125
4thwkMay
15,233
KanawhaA Mich
10,896
173.553
145,654
K.C.F.Scott &M. 3d wk May
67,226
74,179
,640,596 1,819,967
18.604
14,675
K.C. Mem.& Bir 13d wk May
371,826
395,227
16,231
72,614
Kan.C. N. W .... A p r il......
22,043
105,578
Kan.C.&Beat. April........
348
852
1,691
4,158
13,152
4th
205,952
K.
C. Pitts.
&wkMay
G ..
12,510
144,851
8,318
Kan.C. Sub. Belt 4thwkMay
83,353
8.976
83,559
Keokuk & West. 3d wk May
123,762
6.346
5.347
142.659
5,323
26,421
7,266
L. Eri6 AJ1.& So. April........
24,705
86,230
L. Erie & West,. 4tliwkMay 100,433
,398,439 1,244,647
37.982
Lehigh & H ud.. April........
142,584
31,969
120,797
Long Island.__ April........ 282,732 290,192
943,302
986,863
Los. Ang. Term. April........
14,618
15.981
62,848
52,147
Louis.Ev.&St.L, 4thwkMay
42,914
36.205
548,836
579,419
Louisv.&Nashv. 4thwkMay 498,635 490.054
,513,920 7,663,604
Louis. N.A.&Ch. ithwkMay
77,260
81,274
,182,707 1,042,37a
154,627
6,950
Lou. St.L.& Tex. 4thwkMay
7,363
158,222
24,637
5,235,615
Macon & Birin.. April........
25,793
39,586
1,313
9.217
Manistique........ April........
11,470405,010
17,270
19,730
477,302
Memphis A Chas. 3d wk May
{Mexican Cent.. 4thwkMa, 249.000 280,011
.859.280 3,581,338
854,106
Mexican Inter’l April........ 2L8.601 155.491
719,367
IMex. National. ithwkM ay 114,144 119,041
,798,838 1.758,894
Mex. Nortnem.. April........
207,126
56,309
210,497
58,948
,360.944 1,213,413
{Mexican R’ way WkMay 18
59.480
71.463
180.553
8,936
194,780Mexican So___ 2d wk May
9,070
675,925
51.184
657,612
Minneap. A St.L IthwkMay
56,488
,361,282 3,566,937
Mo. Kan. & Tex. ithwkMay 270,4 26 263.537
,686,344 8,827,751
Mo.Pao. Alron M IthwkMay 681.000 667.000
224,5X9
Central Br’ch, IthwkMay
24,000
13.000
350,491
,910,943 9,178,242
Total........... IthwkMay 694.000 691.000
Mobile A Birm.. 1st wk Apr
5,098
6,431
,344,350 1,343,821
Mobile A Ohio.. May..........
294,465 260.012
Mont. AMex. Gif. A pril........
430,681
105.000
381,17590.481
,505,497 1,542,603
Nash.Ch.A St. L. April........ 387,189 364,997
5,408
7,028
Nevada Central. March.......
2,008
1,969
N. Jersey AN. Y. March.......
71,304
67,139
24,339
25,885
25,393
New Orl. A So’n, April........
33.849
5,v«37
5,856
,894,113 16,300,442
N.Y. C. AH . R .. May.......... 3, .608,0*6 3,304,803
.870,656 7,349,692
N .Y .L. E. A W. April........ 2 ,017,248 1,949,374
N.Y. Pa. A Ohio March....... 548.365 481,087
,458,633 1,250,128
,403,805 1,367,093
N.Y. Out. A W.. ithwkMay 121.344 121,161
410,453
N. Y.Susq.AW .. M a rch .:... 191,816 151,768
550,657
62,114
66,720
Norf. ASouth’n February .
30,258
26,688
Norfolk A West ithwkMay 121.955 212,135
,700,39* 3,827,343
North’n Central April........ 510,601 444,078
,998,127 1,7 75,272
,857,180 5,339,592
North’n Pacilio IthwkMay 444.344 382,363
7,359
10,530
Oconee A West April........
1,806
2,245
266,669
246,245
Ohio River....... ithwkMay
13,663
14,737
00,615
59,071
11,520
Ohio Riv. A Chas April........
15,881
2S9.569
246,871
Ohio Southern. 4thwkMay
9,326
9,174
67,330
121,285
Gmaha A St. L. March
37,738
23,601
Gregon Imp. Co March
749,445
862,387
251.196 319,513
Ow.F.Kou.AG.K March.......
2,711
3.524
Pennsylvania... April........ 5, ,205,472 4,764,016 19 ,436.910 17,838,528
PeoriaDeo.AEv ithwkMay
369,261
317,808
21,026
23.858
184.892
168,270
4X.524
Petersburg...... A pril...
46,907
780.691
771,951
Phil a. A Erie... March..
297.740 297,325
,348.712 5.684.015
Phila. A Read’g. A pril........ I ,6*9 031 1,475.259
,190,130 5.740.016
Coal Air. Co... A pril........ 1 .673 155 1,428 055
,533,842 11,424.031
TotalbothCos. April........ ,322.18« 2,903.314
3.234
12,013
13.437
Pitts. Mar. A Ch. April........
3,486
2<«9,3l-5
8,656
140,107'
Pitt.Shen.AL.E, 4th wkMay
19,249
601.160
479,918.
35,977
Pittsb. A West- ithwkMay
5 *,50*
237,471
309.153
14.49*
24.6.8
Pttts. Cl. A Toi 4thwkMay
105,020
91,381
7,821
Pitts. Pa. A F. 4th wkMay
11.268
0*5,414
830.898
58.29*
Total system. ithwkMay
88 420
268,456
375,237
89,400
Pitt. Young. AA. April........ 108.383
77,644
72.640
18.308
20 096
Quinoy O.AK.C A pril........
221,641
234,376
59,518
59,112
Rich.Fr’ksb.AP. April........
103.534
110,*9828.716
28.371
Rich. A Petersb. April........
129 621
142,967
11.256
10,486
Rio Gr. South’n 4thwkMay
768,765
711,98944 800
45.000
Rio Gr.West’n. 3d wk May
33,511
35,836
7.830
Sag.TuscolaAH A pril........
9.221
19.427
20.277
7.9*3
Sag. Val. A St. L. March.......
7.103
529,016
24,650
521,561
33.130
St. L. A. A T. H ithwkMay
9.378
11.2*1
1.828
St.L. Ken’ etASo. April........
3.000
9 : 7,08 7 1,639,436
St.L.Southw’rn. 4th wkMay 127,30« 101,100
368,58a
359,076
28,042
8t.PaulADul’tl 4thwkApr.
31.631
624,043
459,373
160 975 134,995
San Ant. A A.P April........
15,932
16.464
S.Fran.AN.Pac. 3u wk May
161,026
166.275
7,181
8,706
Sav. Am. A Mon 3d wk May
319.124
382.627
Sav.Fia. A West January... 319,124 382.627
123,442
101,798
3,783
4,046
Sher.Shrev.A So 2d wk May
68,393
53,597
5,034
Siiverton........... December.
5,076
So. Paoitlc Co.—
936,956
Gal.Har.AS.A March....... 403,676 303.628 1,124,795
265.095
301.377
91,952
96,613
Louis’a West. March.......
Morgan’ sLAT March....... 514,374 426,662 1,617.258 1,358 472
51.096
54,747
18.536
18.260
N.Y.T. A Mex. March.......
412,325
404,077
Tex. AN. Orl.. March....... 142,179 139 850
Atlan tio sys.5. Maroh....... ,196,892 986.725 3,592,5*3 3,049.591
Pacilio system March....... ,564.171 2,545.817 7,000.245 6 904,552
Total of all.. April........ .623.161 3.7*7,567 14,215.929 13,681,710
So. Pac. of Oal March....... 862,356 820,777 2,285,113 2,247,943
503,546
618,*80
So.Pao.of Ariz March....... 2*5,524 181,026
169,489
221,736
79,870
So.Pao.ofN.M March.......
97.605
42‘*,363
Northern Ry.. March....... 127,147
7,187.907
7,025.380
418.9*3
Southern R y ... ithwkMay 429,577
173.590
2u4,541
67,818
78,117
Staten IsL R. T. March.......
5,564
5,089
2,023
1,619
SconyCl.ACMt.. April........
293,763
397,6*6
88,232
Summit Branch. April........ 113,047
252,106254 809
81.133
31,514
Lyk. Val. Coal April........
545.869
652.435
144 56* 169.365
io t'l both Cob April........
Texas A Pacific ithwkMay 163,054 149,130 2,677,848 2,518,756
14,500
14,744
3,652
Csx.8. ValAN W April........
3,320
430,882
41«* ,244
25.X15
Col.A.A. ANo.M. IthwkMay
26,277
565,330
6*1.440
23 921
3o,750
Col.A Ohio Cent. IthwkMay
3*4,5«9
360.15
15.7)2
22,993
rol. P. A West. 3d wk May
535 345
657.-25
37,740
55,063
Tol. St. L.AK. C ithwkMay
104,804
98,861
30,79*
31.983
Ulster A D el... April........
Union Pacific—
Un. Pac. RR. March....... ,075,573 1,078.896 2,936,437 3,124.976
992,159 1,092,912
Or.S.L.AU.N March....... 354,634 390,S 2
211,647
141.1x3
68.883
50.631
St.Jos.&Gd.Is M arch.....
33,843
18,157
10,856
5,916
Kan.C. AOm March.......
407,541
252.991
22,021
12,167
Tot.St.J.AG.l ithwkMay
350,491^
224,5
j
9
24.0UU
13.000
Cent.Br........ o ithwkMay
Ach. CoLAP. ( March..
68,006
96,095
37,328
25,409
Ach.J.C.A W 5
Grid total.*« Maroh___ ,639,64* 1,791,165 4,577,R8S 5,163.406
821,702
822,274
63,936
57,135
U. Pao. D. A G. 3d wk A pr

1006
R oads .
Un. Pac.—Con.
Ft W’th&D.C.
Wabash............
Waco <feNorthw.
West Jersey......
W.V.Cen.A Pitts
West Va. & Pitts.
Western of Ala..
West. Maryland.
West. N. Y. & Pa.
Wheel. & L. Erie
Wrightsv.& Ten.

THE CHRONICLE,
Latest E arnings Reported.

Jan. 1 to Latest Date.

1894.

Week or Mo

1895.

1894.

4th wkApr.
4thwkMay
March.......
April........
A pril........
February.
March.......
April........
3d wk May
4thwkMay
April........

21,311
333,853
15,972
117,167
91,376
21,222
41,385
92,586
53,500
24,485
7,626

349,938
354,169
20,631
294,177 4,712,897 4,505,907
42,232
58,990
13,638
411.356
390,561
112,935
303,976
313,053
86,310
48,742
44,139
23,231
128,974
40,041
120,617
324,839
355,547
91,649
35,700 1,105,312 1,029,053
460,795
482,985
15,271
26,844
25,125
5,481

1895.

9

$

Street Railways and Traction Companies.
Latest E arnings Reported.
R oads.

'Week or Mo

1895.

1894.

Jan. 1 to Latest Date.

1695.

1894.

$
$
$
$
41,896
102,770
12,238
25,523
Bridgep’t Trao. May..........
461,026
501,589
134,402 120,592
Buffalo R y........ April........
132,625
165,967
36,243
45,959
Cin Newp.&Cov April........
235,910
264,393
64,209
74,202
Citizens’ Ind's. April........
347,544
426,475
100,978
115,425
Cleveland Elec. April........
213,949
49,367
239,101
55,077
Coluxnb’s St. Ry. M ay.........
219,647
214,606
57,350
57,539
Denv. Con. Tram A pril........
114,246 107,403
Louisville R y ... May..........
417,218
459,739
114,448 103,174
Lynn & Boston. May..........
6,02b
7,248
New England St 1st wkJ’ne
77,714
296,597
395,989
New Orl’ns Trao April......... 110,360
585,061
590,074
152,916 152,265
Twin City R. T.. April........
119,739
99,056
32,475
26,798
Worcester Cons. April........
* Figures given do not include Oregon Ry. & Nav., Un. Pac. Denver &
Gulf, Denver Leadville & Gunnison, Montana Union and Leavenworth.
Topeka & Southwestern.
a These figures include results on leased lines.
b Includes earnings from ferries, etc., not given separately, t Mexi­
can currency, c Includes only half of lines in which Union Pacific has
a half interest.

Latest Gross Earnings by Weeks.—The latest weekly earn­
ings in the foregoing are separately summed up as follows :
For the fourth week of May our preliminary statement
covers 59 roads, and shows 6*47 per cent gain in the aggregate.
4th week o f May.

Balt. & Ohio Southwest.
Brooklyn Elevated..........
Buffalo Rooh. & Pittsb’g.
Burl. Ced. Ran. & North.
Chicago & East. Illinois
Chicago Milw. & St. Paul
Chio. Peoria & St. Louis.
Chic. & West Miohigan...
Cln. Jackson & Mackinaw
Oleve. Akron <&Columbus
Oleve. Cin. Chic. & St. L ..
Clev. Lorain & Wheel’g . .
Col. Sandusky & Hock’g.
Denver & Rio Grande....
Detroit Lans’g & North’n
Evansv. & Indianapolis.
Evansv. <&Terre Haute..
Ft. Worth <fc Rio Grande.
Grand Trunk of Canada..
Indiana Decatur & West.
Intern’l & Gt. North’n ...
Kanawha & Michigan—
Kan. City Pittsb. & Gulf.
Kan. City Suburban Belt.
Lake Erie & W estern....
Louisv. Evansv. & St. L ..
Louisville & Nashville...
Louisville N. A. & Chic
Louisville St. L. & Texas.
Mexican National
...........
Minneapolis & St. Louis.
Mo. Pacific & IronM t___
N. Y. Ontario & Western
Ohio River........................
Peoria Dec. & Evansv...
Pittsb. Shen. & L. Erie..
Rio Grande Southern—
St. Joseph & Gd. Island.
St. Louis Alt. & T. Haute.
St. Louis Southwestern..
Tol.Ann Arbor &N.Mich.
Toledo & Ohio Central...
Toledo St. L. & Kan. C...
Wheeling & Lake E rie...
Total (59 r o a d s ).......
Net increase (6-4 7 p .'v '-.

1895.

1894.

Increase.

$
11,180
162,068
58,660
81,006
105,523
465,000
281,310
80,020
716,670
22,759
39,687
14,406
24,638
406,999
36,548
14,329
179,100
26,515
7,079
28,227
9,031
28,910
312,866
15,132
86.301
37,604
15,233
13,152
8,318
100,433
42,914
498,635
81,274
6.950
249,000
114,114
56,488
270,426
681,000
13,000
121,344
121,955
444,3)4
14,737
i 9,174
23,858
19,249
88,420
10,486
12,167
33,130
127,300
429,577
163,054
26,277
30.750
55,06o
333,853
24,435

$
8.590
153,138
53,56u
30,602
102,695
473,000
189,601
40,629
749,235
11,793
35.789
13,177
22,206
347,262
26,519
10,651
175,000
21,957
7,122
25,192
5,792
28,223
0323,158
10,073
77,184
34,317
10,896
12,510
8,97b
86,230
36,205
490.054
77,260
7,363
280,011
119,041
51,184
263,537
667,000
24,000
121,161
212,135
382,363
13,663
9,326
21,026
8,656
58,2«2
11,256
22,021
24.650
104,100
418,923
149,130
2 5,815
23,921
37,74*1
294,177
15,271

$
2,590
8,930
5,100
50,404
2,828

7,521,758

7,064.358

646.943
457.400

91,709
39,391
10,966
3,898
1,229
2,432
59,737
10.029
3,678
4,100
4,568
3,035
3,239
687
19,708
5,059
9,117
3,287
4,337
642
14,203
6,709
8,581
4,014

«5,304
6,889
14,000
183
61,981
1,074
2,832
10.593
30,128
8,480
23,2i»0
10,65 1
13,924
462
6.82«
17,323
39,676
9,214

Decrease.
9

___

8,000

32,565
.....

43

n--658

413
31,011
4,897

11,000
90,180
152

770
9,354

1895.

1894.

$ •
$
Gross earnings (82 roads) 31,699,153 29,882,936

Increase.

$
1,816,217

/---- Gross Earnings. -----.,---- Net Earnings .—
1895.
1895.
1894.
1894.
$
$
$
$
409,952
At. T. & 8. Fe___b ... Ap*. 2,356,962 2,393,776
390,769
Jan. 1 to Apr. 3o___ 9,075,883 9,052,452 1,862,408 1,669,560
July 1 to Apr. 30___ 24,366,569 27,084,858 5,879,075 8,165,921
185,303
8t. L. & San Fr. .b . Apr.
487,732
450,214
133.754
678,382
Jan. 1 to Apr. 30___ 1,837,800 1,844,152
589,644
July 1 to Apr. 3 0 .... 5,156,681 5,270,307 2,195,740 1,985,712
33,843
Atlantic & Pac. .b . Apr.
312,370
315,290
47,287
Jan. 1 to Apr. 3 0 .... 1,136,264 1,026,962
69,004 def.17,614
July 1 to Apr. 3 0 .... 2,768,73L 2,591,553
372,559
99,888
49,654 def.10,183
Colorado Midl’d.b.A p r.
154,184
113,643
144,572
56,264
Jan. 1 to Apr. 30___
498.999
496,275
264,376
141,332
July 1 to Apr. 3 0 .... l,3o5,322 1,235,689
Aggregate tota l.b . Apr. 3,311,248 3,272,923
678,752
561,627
Jan. 1 to Apr. 30___ 12.548,946 12,419,841 2.754,366 2,297,354
July 1 to Apr. 30....33,597,303 36,i82.407 8,711,750 10,392,853
216,291
82,382
68,332
Buff.Rocli.& P itts..b Apr.
246,775
249,543
282.530
868,170
Jan. 1 to Apr. 3 0 ....
922,681
811.851
815.080
,605,106
July 1 to Apr. 3 0 .... 2,573,004
174,048
159,646
50.892
Ohes. O. & So’ wn....... Apr.
46,533
Jan. 1 to Apr. 3 0 ....
713,489
648,162
218,290
176,599
Clev. Lor. <&Wheel...Mar.
97.506
90,748
36,762
35,405
Jan. 1 to Mar. 31__
259,788
222,863
63,558
56,318
July 1 to Mar. 3 1 .... 1,042,039
943,818
291,804
335,536
60,542
Col. Hook. V. & T oi.bMar.
173,219
218,966
91,072
Jan. 1 to Mar. 3 1 ....
559,119
574,812
194,952
216,257
Den. * R . Grande.b. Apr.
546,47 0
500.468
227,559
195,627
Jan. 1 to Apr. 3 0 .... 2,052,924 1,993,690
816.302
758,335
July 1 to Apr. 30___ 5,760,463 5,417,164 2,419,449 2,119,857
Illinois Central, a...A pr. 1,460,484 1,347,425
273.342
426,933
Jan. 1 to Apr. 3 0 .... 6,068,228 5,752,118 1,912,035 1,397,355
July 1 to Apr. 3 0 .... 15,896,234 17,892,257 4,779,594 5,656,997
................................
Laclede Gas-L. Co. . . . May
58,560
55,075
Jan. 3 to May 31........................................
343,623
326,871
Louisv. & Nashv.b. .Apr. 1,432,284 1,397,909
333,441
440,861
Jan. 1 to Apr. 3 0 .... 6.008.435 6.192.135 2,011,313 2,321.946
July 1 to Apr. 30....16,195,313 15,918.058 6,117,951 6,196,522
Mexican Central...... Apr.
770,595
693,259
312,839
180,104
Jan. 1 to Apr. 3 0 .... 3,089,332 2,816,909 1,230,056
874,659
Mex. International... Apr.
218.601
155,494
45,031
92.227
Jan. 1 to Apr. 3 0 ....
854,106
719,867
311,182
347,209
Mexican National....Apr.
367,987
361,789 1163,639 H56.150
Jan. 1 to Apr. 30___ 1,444,173 1,393,333 t638,l85 1575,133
N.Y.L. E.& W est’n.. Apr. 2,017,218 1,949,374 “523,800 *448,945
Jan. 1 to Apr. 3 0 .... 7,870,656 7,349,692 ‘ 1,880,932 ’1,584,392
Oct. 1 to Apr. 30....14,600,570 14,861,624 ’ 3,891,310 '4,056,014
78,517
N. Y. Ont. & West. a. . Apr.
285.563
251,285
49,152
,08 3,9 I t 1,020,6 L2
243,459
235,807
3,115,771
863,747
,079,071
8:0,793
61,527
49,229
Ohio River, b ............Apr.
19,934
13,284
Jan. 1 to Apr. 3 0 ....
208,461 - 191.591
70,924
65,195
195,073
Rio Grande West.b.-Apr.
169,460
71,566
55,516
Jan. 1 to Apr. 3 0 ....
642.265
200,4sl
590,689
152,564
595,913
,787,557 1,733,648
611,759
99,184
89,052
18,441
8t. Paul & Duluth.b.Apr.
20,853
368,505
Jan. 1 to Apr. 3 o ....
70,992
359,076
73,210
July 1 to Apr. 3 0 __ 1,183,607 1,245,386
356,377
381,382
11,182
San Ant. & Aran. P .. Apr.
160,975
134,995
22,582
Jan. 1 to Apr. 3 0 ....
624,043
18,964
459,373
143,297
:,6 2 3,'6 l 3,72t,567 1,075,054 1,204,178
1,215,929 13,681,710 4,002,582 4,172,248
133,565
Toledo & O. Cent.b... Apr.
52,435
144,143
38,292
Jan. 1 to Apr. 3 0 __
533,476
492,14 t
140,165
167,728
July 1 to Apr. 3 0 .... .,665,810 1,476,975
510,003
561,253
Roads.

a Net earnings here given are after deducting taxes,
b Net earning’s here given are before deducting tares.
* After deducting proportion due roads operated on a percentage
batis and results of operations ot auxiliary companies, net in April,
1895, was $265,"91, against $ 2 2 ’ ,353 in 1H94, for four mouths ended
Apiil 30 $■<97,349, agaii st $651,124, and for seven months from Octo­
ber l to April 30, $2,151,665, against $ 2, 4 o 6 ,9 18.
t After deducting other expenditures for repairs, replacements and
general expenses, net income applicable to interest on bonds in April
was $88,729 against $77,f-6J last year, and for four months to
April
30, $32->,527, against $¿91,872; after adding earnings
received from Federal Government net from January 1 to April
3 0,1894, was $369,“ 41. 'ibis is the result in Mexican dollars treated
(according to ihe company’s method of keeping its accounts) as equi­
valent to 80 cents in United States money—that is, all depreciation
beyond 20 per cent has already been allowed for.
-Gross Earnings.Roads.

189,543

Per Cent.

6-08

It will be seen there is a gain on the roads reporting in the
amount of $ 1,816,217, or 6 ’08 per cent.




Net Earnings Monthly to Latest Dates.—The table fcl*
lowing shows the net earnings reported this week. A ful 1
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in t'het e
columns, and the latest statement of this kind will be found
in the C h r o n ic l e o f May 25, 1895. The next will appear in
the issue o f June 22, 1895.

Street Railways and Traetion Companies.

For the month of May 82 roads (all that have furnished
statements for the full month as yet) show aggregate results
as follows :
Month o f May.

rvoL. l x .

Bridgeport Traction.May
J an . 1 to May 3 1 ___
Buffalo Railway__ Apr.
Jau. 1 to Apr. 3 0 __
Citizeus’ of End’nap.Apr.
Jan. 1 to Apr. 60 ...
Cleveland Elec. R y.. Apr.
Jan. 1 to Apr. 3 0 ....
Columbus Street Ry.May
Jau. 1 to May 3 1 ....
Denver Con. Tramw.Apr,
Jan. 1 to Apr. 3 0 ....
New Orleans Tract.. Apr.
Jan. 1 to Apr. 3 •....
Twin City Rapid Tr..Apr.
Jan. 1 to Apr. 30 . . .
Worcester Consol__ Apr.
Jan. 1 to Apr. 3 0 ....

18-5.

$
25,523
lo t ,n ò

134,402
501,589
74,202
264,393
115,425
426,475
55,077
239,101
57,350
214,606
110,360
39 >,939
152,916
599,074
32,t75
119,739

■Xet E arnings-

1894.

198o

lo 9 4 .

$
12,238
41,896
3 20,592
461,026
64,2 '9
23a, 910
100,978
347,544
49,367
213,949
57,539
219,647
77.714
296,597
152,265
585,064
26,793
99,056

13,173
38,919
65,182
222,287
36,658
108,228
40,418
130,158
28,098
115,953
22,230
78,803
51,807
167,761
83,020
306,0/9
8,5-5
23,530

53,416
182,454
32,396
9 9,254
33.253
111,638
26,311
lu6,958
21,108
78,109
32,370
108,566
83,534
264,369
1,519
8,654

1007

THE CHRONICLE

J une 8, 1895. J

GENERAL BALANCE SHEET DECEMBER 31,1894.
Interest Charges and Surplus.—The following roads, in
Liabilities —
addition to their gross and net earnings given in the foregoing, Construe. «Ss equipm’t .$28,536,790 Capital
stook.. .......$ 1 5 ,0 0 0 ,0 0 0
also report charges for interest, &c., with the surplus or defici
St’ks of oth. eo'sow u’d 3,062,160 Bonded debt (See I n­
v e s t o r s ’ S u p p l 'N T.) 19,573,707
1st M. bonds of other
above or below those charges.
Div payable Feb L.’ 95
187,500

r-Inter’ t, rentals, <6c. - nr-B al. o f Net E arns

1895.

1894

1895.
$
28,199
418,149
t311
122 4,277

1894.

$
$
Roads.
199,360
200,243
Denver & Bio Gr’de.. Apr.
2,001,300
2,020,136
July 1 to Apr. 30 —
38,136
33,841
Toledo & Ohio Cent..Apr.
346,103
301,171
J u ly l to Apr. 3 0 ....

%

def.4,616
99,721
tlP,634
Ì219.698

companies ow ned...
Other inve-tin’ ts, etc.
Due trom Mich. Oca..
Cash and cash assets.

2,899,372
298
29,021 Div. due and u ap a il..
110,822
127,803 Income account..........
167,176
Total................... ....$34,872,327
Total.......................... $34,872,327
—V. 60, p. 711.

Union Pacific System.

t After allowing for other income received.

ANNUAL

CReport fo r the year ending Dec. 81,189fy.)

The following are the earnings for the years ending Dec.
31, 1894 and 1893, for the Sd. Joseph & Grand Island, 25 miles,
and the Kansas City & Omaha, 194 miles, which lines (with
others) are operated by the Union Pacific Railway :

R EPO R T S.

Chicago Rock Island & Pacific Railway.

St. Joseph & Grand I.

( Report for the year ending March 81, 1895.)

The annual report in pamphlet form has come to hand this
week, and the remarks of President R. R. Cable will be found
on subsequent pages.
,
. .,
The comparative statistics for four years, made up in the
usual complete form for the C h r o n ic l e , are given b elow :
• OPERATIONS.

Miles operated........

1894-95.
3,571

1893-94.
3,571

1892-93.
3,610

1891-92.
3,456

P f t s E S a carried
4,611,127 5,763,441
6.024,272
5,453,023
Pafl9enger8m U etge.:i93:i5 1.316 329.360,986 264,874,930 218,913,492
nt*P naaa n rn 2*150 ots.
1*900 ots.
2 113 ots.
2 ¿9^ Cti9.
P r ^ U t o n s l'o a r ^ d
6 227.105 7,056,579
7,479,286
6,798.671
Freight (tons) ^ m .* tl.0 7 l.7 6 3 11,288,576 1 1,26 4,337 11,167,150
Av. rate p. tonp. m.
1 05 ots.
1 cent.
l ‘Oo ots.
1 05 ots.

4,738,555

! 45’,313

5,337,421

5,543,018

71-14

71-93

70-34

72 80

INCOME ACCOUNT.

1894-95.

N eteandngs............ 4,731 555 6,061,594
From land depart’ t.
15,644
40,000
C. Kan. & Neh.iot......................................
Discount on bonds..
. . . . ----o ,v o ï
Total..................

4,754,199

D isbursem ents—

Rent leased roads..
Interest on debt . . .
Mlaso’ ri Rty.hridges
Dividends.................
Rate per c e n t .........
Miscellaneous..........

1892-93.

1891-92.

5,887,421
60,000

5,543,019
70,000
52,2 Jv)

5,947,421

5,665,219

738,602
3,033,786
121,566
1,846,232
(4 p. c.)
414

774,181
2,813,325
143,858
1,384,674
(3 p. o )
625

1893-94.

6,104,632
.
5*
649.599
692,617
3,318,525 3,199,62o
157,608
1,384,6(4
1,846,*3-2
(3 p. o.)
(4 p. e.)
325
............

Total dishursem.
5,510,731 5,896,134 5,745,600 5,116,663
Balanoe..................... def.801,532 sur.203,493 sur.201,821 sur.548,556
P r e m iu m r e c e iv e d o n

Minn.&St. L.bonds.
Deferred int’st reo’d
onMinn.&St.L.bds

746,676

S u r p l u s bal. for

352,533 _ 298,498

year

407,400

........

GENERAL BALANCE SHEET APRIL

1895.

........

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

1894.

201,821
1, 1995
1893.

RR.,bldgs, equip. &o.103,380,434 103,911,232 102,920,122 98,699,250
Track elevat’n.Oblo.
139,567
------------------BR. bridge. Rook f . .
815,897
9,825,990 10,033,740
9,403,490
Sfks&bds.ow’d.&olT 6,802,537
309,985
1,871,951
Advances ---------1,956,962
1,296,137
1,467.323
1,24\2H0
Materials, fuel, &e..
991,369
527,565
517,535
5 0 2 ,8 9 1
Loat s & oth Invest.
565,432
904,350
909,812
745.234
Accts. receivable...
761.835
671,639
314,371
152,651
Cash & oash item s.. 3,866,483
119,280,568 117,832,182 110,163,638 112 ,092,631
Stickt'odufnTon....... 46,156,000 46,156,000 46,156,000 46 ,156,000
Bonded debt............ 62,712,000 61,212,000 59,490,000 55 352,000
Ad’ n & imp. a co t... 8,213,000
8,213,000
? 213,0« 0
Accoui.ts payable. .
617,529
1,021,691
1,283,645
1 552,509
819,172
Income a cco u n t.... 1,532,039
1,229,492
1,020,993
Total

a s s e t s .....

160,119

25,307
37,693
5,195
47,129
5,598

42.983
49,325
7.779
32,355
5,151

667,786
(66-40)

120,922
(125-75)

137.593
(85-77)

64,276

631

34,497

.274,700

273,636 def.25,397 def.11,671
1,762
........
.........
145,888
161,047
147,444

.420,000

421,286

135,650

135,773

.420,000

420,000
1,286

135,650

135,659
123

.420,000
Due K. C. A Omaha under
traffic agreement with 8t.
J. & G. I. aud Union Pao.120,786

421,236

135,650

135,773

.145,300

6,061,595

96,156

294,326
194,323
35,107
123,316
20,684

T otal............................. 596.370
Per ct. of op. exp. to earns. (75-78)

1891-92.

Net earn ings.......
Per oentof oper. erponses to earnings

1,005,698

T ota l..............................786,933
E xpenses —
Couduet’ g transportation.219,793
Motive power........ ............ 179,707
Maintenance of cars . . . . . 27,937
Maintenance of w ay........ 121,578
General expenses . . . . . . . . 24,355

EARNINGS AND EXPENSES.

1894-95.
1893-94.
1892-93
«E
$
E arnings—
$„
5,216,781
5,843.146
Passenger................... 4,338,0o3 6,53 s,563
F re ig h t.................... 11,2G6,636 12,852,979 13,302,196 12,239,636
1,183,678
1,825,768
1,647,527
Mail, ex., rents, &o.. 1,876,077
Oross parnlnes
17,420,816 21,039,074 20,971,110 18,690,075
Oper exp & taxes I 12:632,261 1 ^ 9 7 7 ] ^ 151083,669 13,147,057

1893.
$
23,960
113,198
23,261

1893.
$
181.513
735,511
88,674

* Company’ s freight not included, t Three ciphers omitted.

Kansas 0. <6 Omaha

1894.
$
15,746
63,155
17,255

1894.
E arn ings —
$
Passenger.......................... 156,288
Freight ...... . . . . . . . . .. . . . . 5 4 5 ,6 0 9
Mail, express, etc.......... .
85,036

Charges—

112,355

ST. JOSEPH A GRAND ISLAND BALANCE SHEET DECEMBER

31, 1894.

L iabilities —

A.88CtS““

Boad aud fixtu res.....$13,244,095
Eauip. & imp. fu n d ...
12,402
Investments.................
139,100
Accounts receivable..
545,239
Income acoount (def.)
536,219

Capital stook . . . . . . . . . $4,556,100
Bonds......... .......... .
8,678,992
Slks & b’ ds of oth. cos.
86,313
! Accrued interest.........
70,000
Accounts payable....... 1,085,650

Total.......................$14,477,055

Total....................... $14,477,055

On Dec. 31, 1893, accounts payable were $552,544 and ac­
counts receivable $129,844.—»V. 60, p. 925.

GENERAL

IN V E S T M E N T

NEW S.

Atchison System—St. Louis & San Francisco.—The re­
ceivers give notice that they will pay on and after J une 15 next,
at their office, 120 Broadway, New York City.couoon No. 26,
due Jan. 1, 1895, from St. Louis & Sin Francisco Rtilway Co.
general mortgage 5 per cent and 6 per cent bonds.—V.60, p.523.
Atchison Topeka & Santa Fe.—The deposits under the reorganization plan have continued very heavy, tbe total deposits of general mortgages up to Friday amounting to $90,000,000. The Protective Committee representing stockholders
of the Atchison Co. has issued a circular withdrawing its
objections to the reorganization plan and recommending that
it be supported by all security holders. The present plan is a
modification of the one first objected to. The committee
comprises Theodore "W. Myers, Benjamin F. Tracy, Henry
Clews, E. N. Tailer, C. H. Allen and M. F. Dickinson.— V. 60,
p. 967.
Atlanta & Florida.—At Atlanta, Ga., June 4, this road was
sold in foreclosure and bid in for the bondholders for $¿75,000.
—V. 60, p. 794.
Buffalo & Niagara Falls Electric Ry.—Buffalo & Tonawauda Electric Ky.—An agreement for the consolidation of

these companies, forming the Buffalo & Niagara Electric
Railway, was filed on Tuesday with the Secretary of State.
Total liabilities. 119,280,563 117,832,182 116,163,638 112,092,681 The route of these two railroads forms a on tin u om line, bat
neither road has been yet constructed. The directors of the
H Includes bonds in sinking fund.
consolidated company are W . Caryl Ely, Charles B. Gaskell
and Burt Van Horn, Jr., of Niagara Falls; Robert L. Fryer,
- V . 59, p. 738.
Henry H. Pierce, George H, Dunbar and John J. McWilliams,
Canada Southern Railway.
o f Buffalo; Frank A. Dudlev, of Niagara Falls, and Willard P.
( Report fo r the year ending Dee. 8 1 ,1 8 9 4 .)
W hiilock, of Elizabeth, N. J. Tne authorized capital is
The report gives the following results of operations for the $1,250,000.—V . 60, p. 873
year:
Calle l Bonds.—The following bonds have been called for
INCOME ACOOUNT.
payment:
, ,
>••
. ....
1891.
1892.
1894.
1893.

Net earniugrs............... .......... 287,808
Other income.............. .......... 7,413

456,618
7,320

$
330,712
27,504

Total net............... .......... 295,221
D ivid en d s..................
Bate of dividend.......

463,968
45 ',0i>0
(3 p . C.)

408,216
450,000
(3 p. o.)

Balanoe______ . . . .......def.79,779 sur.13,968 def.41,784
218,416
176,613
Surplus January 1....
Surplus Deo. 31...




190,601

176,632

A m e r ic a n C otton O i l —T wo h undred a nd fifty -e ig h t 8 p er
cen t deben tu re bonds w ill be paid o ff on A u g u s t 1. The
n um bers o f the bonds draw n and oth er in fo rm a tio n w ill be
_ .
452,634 fo u n d in ou r a d vertisin g colu m n s.
450,00 »
Canada & Michigan Tunnel & Bridge Company.—The b ill4,
(3 p. 0.)
to auth orize the con stru ction o f a ra ilroad bridge b etw een
sur. 3,68 4 Detroit and W in d sor has receiv ed the assent o f tne Railway
*15.733 C om m ittee o f the House o f Commons. Tne bridge m u st be
218,417 commenced w ith in liv e years and finish ed w ith in seven. It
$
446,776
5,908

1008

THE CHRONICLE.

fVoL. LX.

will be a cantilever, with a drawbridge in the center, having ern railroads, their equipment, property an i appurtenances if and
a span of 1,0CU feet. The drawbridge will be 45 feet abave when the title thereto is acquired by th-t new company.
This issue of bonds may be increased by the further' sum of $1,000,the level of the river. It was origiaally the intention of the jI OOO
at the rate of not to exceed $2 0,000 a year, the proceeds to be
company to build a tunnel, but this idea has been abandoned. used 8»rictlv for the purposes of bett-rments aud purchase of equip­

ment for the roads covered by such mortgage.
D.
$5,000,000 firs t prefer* nee iw om e bonds, secured by a lien on the
Savannah
& Western, Chattanooga Rome & Oolnm'nis. Macon <fc
Cape Fear & Yadkin V alley.—Messrs. C. Adolphe Low,
Northern
and Savannah & Atiantio railroads, and their equipment,
George F. Baker and William E. Strong, with Seward, Guth­ propertv and
aopurtenances.orsueh of said railroads as the new com­
rie, Morawetz & Steele, 25 Nassau Street, New York City, as pany may acquire title to. This iuooms mortgage shill also be a third
lien
on
the
m
ain line and a second lien ou leaseholds, securities and
counsel, give notice that at the request of holders of a large
equities of properties acquired by tbe new company, subject to all un­
number of first mortgage bonds, Series A, they have ag eed derlying
liens and contracts.
to act as a committee to protect the interests of such holders
Stu b income bonds shall mature in fifty years, shall be non-ouiuuas distinguished from the separate and conflicting interests of lative, beat ioterest not exceeding 5 per cent in auv one fiscal year,
the holders of Se<ies B and C bonds. Series A bonds are but pavanle only out of net earnings as declared, and secured by the
<if trust.
therefore requested to communicate with the committee, in deed
E $*,500,000 second preference, income bonds\n all respects similar
order to prottct mutual interests.
to the first preference income bonds, except subject thereto.
F. $4,000,000 third preference income bonds iu ail respects similar toThe first mortgage bondholders’ committee, of which Wm*
second preference income hoods, except subject tnereto.
H. Blackford is Chairman, referring to the above notice, state the
G $ \ 0 0 0 ,0 «.o full paid common stock.
that with them have been deposited bords of Series A to the
Mobi'e (Ê Girard. The Mobile & Girard first mortgage to be fore­
amount of $1,157,000 out of a total issue of $1 500,000, and that closed. and when title is acquired by the new company a new mortgage
they have requested the trustee under the mortgage to post­ for *1,000,000 to secure a ôOty-ar gold bond at five per cent to be
made, new bonds to be exchanged dollar for dollar for the present
pone any application for a decree of foreclosure uotil a plan hoods.
Accrued Interest on the present bonds shall be paid at the rate
of reorganization, which they are now considering, can be of the coupons, with six per ceot interest on tin coupons; the differ­
formulated and submitted to the bondholders, as provided in ence in value between tbe four p r oeut and the six per cent Mobile &
bonds unt 1 their maturity to be adjusted.
the bondholders’ agreement. They further state that they Gîraid
eouth West r n —Augusta <k Savannah.—Tue new company will obtain
represent bonds amounting to $2,655,000 of all the series, out new leases of the South Wester •and Augusta & Savannah railroads at
a reuial of 5 per cent upon their resoaotive capital stocks. Any"
of a total issue of $3,054,000.—Y. 60, p. 794.
arrears of rentals due to these railroad companies, respectively, shall
Central Railroad & Banking Company o f Georgia.— be adjusted on thts basis.
Samuel Thomas and Thomas F. Ryan issued on Wednesday
Exchange o f Securities —The old securities are to receive
— Railroad Gazette.

the plan which they have prepared for the reorganization of
the Central RR. & Banking Co. The plan contemplates
the sale to a new company, to be called the Central of Geor­
gia Railroad Company, of all the propjrties of the present
corporation, by the purchasers under foreclosure of the tri
partite or consolidated mortgage, or both, and o f the securi­
ties pledged for the floating debt. The purchasers under
the foreclosure sale, on condition of acquiring title thereto,
agree to free the property of the Savannah & West­
ern and the Chattanooga Rome & Columbus from any
claims of indebtedness to the Georgia Central, and also to
pay the underlying bonds issued by the Columbus & Western
Railroad Company of $300,000 and the Rome & Carrollton
bonds of $150,000. They will also pay a l the expenses of
the reorganization, all of the secured floating debt of the
Georgia Central, the tripartite bonds, with interest, and the
ascertained debts of the receivership.
The new first mortgage bonds, the proceeds of which will
be used in retiring the tripartite bonds, have been under
written by a syndicate. The plan has been approved by the
holders of a majority of the capital stock of the company,
by the committee of the holders of certificates of indebted­
ness, by the underwriters of the proposed first mortgage bonds
and by the committee reoresen ing the first mortgage bond
holders of the Mobile & Girard Railroad Company.
The cash re quirements of the plan other th in for pavment
of the tripartite bonds are provided for by the consolidated
mortgage.
The Southern Railway Company as owners of a majority of
the stock of the old company, it is undeistood, will control
the reorganized company. Presumably it will own the entire
capital stock of said company, since the plan says nothing re­
garding the disposition of this stock. The stock of the old
company held by the public is made exchangeable for third
preference incomes.
Under this plan the fixed charges will be reduced to
$1,815,000 a year, a figure believed to be well within the earn­
ing capacity of the system, as against $2,700,000 under the
present arrangement.
The Savannah & Western consols for $6,127,000 held by the
public are subject, it is pointed out, to $1,000,000 prior bonds,
and cover disjointed sections of road upon which is a large
floating debt and no equipment. Under the plan all prior
liens are discharged, an additional $1,628,000 of the loan held
by the Central of Georgia is canceled, and a new mortgage is
created which will have an absolute first lien. This is the
so-called general mortgage for $4,000,000. The bonds not
canceled will receive 50 per cent of their par value in this new
mortgage, which is well within the earning capacity of the
road, and the balance in preference incomes, which are in­
comes on the entire system.
New Securities.—The plan provides for the following new
securities:
A. $7,000,000 first mortgage 50-year gold binds, bearing 5 per cent
interest, secured by a firs t lien on th <m ain line from At a ta to Sa­
vannah. inciudinir til- Milledijeville brauch, ad equipment and appur­
tenances and the equity in the steamship properties.
B. $ 1 3 ,0 0 0 ,0 0 0 consolidated mortgage oO -vear g o ld b o n d s , b e a r in g
5 p e r c e n t in te re s t, s e cu re d b y a second lien o n th e m am line, its
e q u ip m e n t an d a p p u rte n a n ce s , a n d a l ien upon a ll leaseholds, seen rities and p ron e >•/» s a cq u ire d b y th e n e w r o m p a u v , n o w o w u e d b y th e
C en tra l R ailroa d <&. B an k in g C om p a n y o f G e o r e ia . s u b je c t to a ll e x is t ­
in g c o n tr a c ts a n d liens, so fa r as a c c e n te d b y th e new c o m p a n y , a n d a

first lien upon the M o n tg om ery & E u fa u la R a ilroa d -and a see nd lien
u p o n th e M obile & G ira rd R a ilro a d an d ih e ir eq u ip m e n t, p r o p e r ly a u d
a p p u rte n a n ce s , i f a u d w h en title s th ereto a re a cq u ire d b y sujh n e w
oonupanv.

This issue of consolidated bonds may be increased $2,000,000, at
the rate of Dot more than #500,000 in any oae year, the proceeds of
such iucrease to he u«©d by the new company strictly for the purposes
of betterments aud purchase of equipment f »r the railroads covered
by this mortgage, 'this issue of consolidated bonds may be inoreas d
to $20.0u0,000 on condition that the $7,00o.000 first mortgage bonds
above mentioned are not executed or used, with the same right as j
above stated to increase suc h issue by $2,«»Oo.OOO.
C. $4,000,000 5o-year 4 per cent general mortgage golds bonds, se­
cured by a first lien on the Savannah & Western and Macon & Norih-




the following when the title to the respective properties isacquired by new company :
✓—N e w S e c u r it ie s , E t c ., in E x c h a n g e .-*
C on.
Gen.
.— O l d S e c c r it i r s t o b e —
1 St
2d
3d
R k t ir e d
Gash.
M ort. M ort.
In c.
In c.
I n c.
l'e n tr a i o f G *. s t o c k ! ............
....
P
ar
.....................
T rip a rtite boods||.................... P a r
Cm ts. o f in d e b t......................
*P a r
t ’h a tt. R om e & Ool. 1 st M.ff ....
$500
$5o(>
. ...
.....................
C ol <s R o m e l s t m o r t U ...
$500
$500
C olu m b u s & W estern 1st. ML. P a r
M a con & N orth 1 st M IT...
$ 3 t0
$350
. - -$350
M o t t . <v E u fa u la 1st M ........
$ 1 ,0 0 0
P a s t d u e co u p o n s ............ P a r
R o m e A Carr. 1st M ............. P a r
H avannah & A tlau . 1st M .jf
$ 1 ,0 0 0
+SiV. & W estern 1st M .ÌT ... ....
....
$500
$250
$250
M o b il- & G ir a r d ......................

8outh Western of Ga.......... >See preceding paragraphs.
Augusta & Savnanah .. . . .. )
* Nothing is given f >r overdue interest.
1 The *3,230,000 held b y
the public receive this.
f Portion held by the public.
[ ‘icludingpast due coupons. ||Interest since January, 1892, is also paid in cash.
Bonds Undisturbed .—The following bonds are to remain

undisturbed :
Ocean Steamship Company 1st mortgage................................ $1.000,000Collateral trust mortgage........................................................... 4,880,000
The fixed charges under the plan w ill be as follows :
First mortgage. $ "',000,000, at 5 per cent................................. $350,000
Ocean Steamship, $1,000,000, at 5 per cent............................
50,000
< ollateral trust. $4,880,000, at 5 per cent...............................
241,000
Mobile & Girard, $ i,2 >0,< 0 ), at 4 per cent .....................
50,000.
Consol, mortgage, $13,000,000, at 5 p ercen t.........................
650,0 0
General mo<t>rage, $4,*>00, 00, at 4 per cen t...................
160,000
Rental Southwestern of Georgit. at 5 per cent...........
259,550
Rental Augusta & Savannah, at 5 per cent.......................... .
51.600
Total fixed charges................................................................. $1,515,150

Particulars regarding the depositing of assenting securities
with the Central Trust Company are given in our advertising
columns.—Y, 60, p. 967.
Chesapeake Ohio & Southwestern.—The receivers give
notice that coupon No. 27, due Feb. 1, 1895, on the first mort­
gage bonds of that company, will be paid on June 8, with in­
terest at the rate of 6 per cent a year from Feb. 1, 1895, at theNational Bank of the Republic of New York or at the receiv­
ers’ office in Louisville, K y.—V. 60, p. 928.
Chicago City Railway.—The directors of the Chicago City
Railway announce that au issue of $1,000,000 in new stock
will be made July 1 to the present stockholders at par.
Authority for this was voted at the annual meeting inJanuary.—V. 59, p. 919.
Chicago & North Western.—The annual meeting o f stock­
holders was held at Chicago oa Thursday. A dividend of 1%!
per cent was declared on the common stock and on the pre­
ferred stock a dividend of 1% per cent.
The resolution by which the dividend is declared recites
that business of the fiscal year ending May 31, embracing tbe
actual result for eleven months, and that of the month of
May closely estimated, shows a falling off in passenger earnings of $2.160,732 and a decrease o r freight and miscellaneous
of $1.667,524. This makes a total decrease in gross earnings of
$3,828,256 and an approximate net result of $3,887,705 applic­
able to dividends, inclusive of net railroad earnings and of
net earnings derived from free land sales and other misceL
laneous receipts.
As the preferred stock is entitled to a dividend of 7 per cent
for the year and as the company declared 2% per cent upon
the common stock in December last an undivided approxi­
mate amount sufficient for a further dividend upon the com­
mon stock, ranging within a fraction of
psr cent for the
last six months and constituting a dividend equal to 4 per
cent upon the common stock for the entire year, is left.
Upon this showing the dividend was declared,
Lhe following directors were elected for three years to suc­
ceed those whose term expired : Marvin Hughitt, N. K.
Fairbanks, Oliver Ames 2d, James Stillman and Zonas Crane.

J une 8, 1895.]

1009

THE CHRONICLE.

<3. H. McCormick was elected for one year to fill the unexpired term of Percy R. Pyne, deceased.
Officers were elected as follows: Chairman of the Board,
Albert Keep; President, Marvin Hughitt; Vice-President,
'Secretary and Treasurer, M. L Sykes; Assistant Sscretary
and Assistant Treasurer, S. O. H >we, and Au litor and Assist­
ant Secretary, J B R dield ; Executive Committee, Albert
Keep, Marvin Hughitt, C. M. Depew, H. McK. Twombley,
S F. Barger, David P K iuball, W. K. Vanderbilt and Jam>s
<3. Fargo.—V. 60, p. 873.
D istillin g & Cattle Feeding.—At Chicago, on Thursday,
Edwin Walker filed his amended and supplementary bill in
the Central Trust Company application for an injunction
against the Whiskey Trust. Judge Showaiter on Monday
refused to grant an injunction under the original bill, hold­
ing that the lien of the Central Trust Company under the bond
issue mortgage was being protected by the receiver.
The supplementary bill declares that the interest due June
1 on the company’s bonds was not paid and prays that the
receiver be ordered to pay the full amount. It also prays
that the trust company may have leave to apply for the ap
pointment of a receiver, and for a writ of injunction heieafter, if it shall become necessary for the protection of the
trust company’s interest in the estate and the property.—
V. 60. p. 928.
Fraukfort & Southeastern.—This road, formerly operated
by the Toledo Ann Arbor & North Michigan, has been sold
under a decree of the United States Court to George Lord
Day of New York and A. C. Hall of Connecticut for $100,000.
The purchasers have organized a new company called the
Eicanabee Frankfort & Southeastern.
H erring-Hall-M arvin.—Toe contest between the Eastern
and Western stockholders for control of the Herrmg-HallMarvin Company has resulted in a victory for the Eastern
stockholders. This will lead to placing the management of
the various companies which went into the organization un­
der the control of the parties who managed them before the
combination was effected; that is, the Herring people will
take absolute control of the Herring business and manufacture
the Herring safes; Hall will take charge of the Hall business
and manufacture the Hall safes; Marvin will take charge
of the Marvin business and manufacture the Marvin safes.
Farrell & Co. and Myers & Co., of Philadelphia, will be under
the control of those who formerly managed these concerns
A new President will be elected lor the H rring-Hall-Marvin
Company at the first meeting of the boird. The by-laws
have been amended to provide for these changes in the man­
agement of the company. The safe manufacturers have been
cutting prices both*on safes and vault work. Many large con­
tracts in vaults have been taken by a number of the prom­
inent makers at prices considerably below cost. An attempt
is being made to stop this warfarq.— Journal o f Commerce
and Commercial Bulletin.
Kansas Ciiy & Omaha —Union

Pacific.—At St. Paul, Minn.,
May 30, attorneys for the bondholders’ committee of ihe Kan­
sas City & Omaha made application to Judge Sanborn for
leave to file a bill against the receivers of the Uaion Pacific
for the foreclosure of the first mortgage of the Kansas City &
Omaha, one of the branches of th8 Union Pacific, and the
order was granted. The bill prays for separate receivers, as
well as for the foreclosure of the bonds. Tne bonds amount
to $2,713,000.—V. 60, p. 969.
Lake Street Elevated (Chicago.)—Announcement is made
o f an agreement between the Lake Street “ L ” and the
Columbia Construction Company, by which interest due on
Lake Street bonds will be paid without enforcing tne agree­
ment relating to non-cancellatioD. There was due April 1 in
interest $178,500, and the money was deposittd with the
American Trust & S ivingi Bank as trustee. There was
.some trouble, however, and the Construction Company,which
had loaned the money, refused to allow it to be paid out with­
out certain conditions being agreed to. The agreement which
is reached is thought to be in the nature of a concession to
the Ziegler interests.— Chicago Tribune.—V. 60, p. 836.
Little Rock Traction & Electric.—This company is reported
to have been organized to control all the street railway lines
o f Little Rock, Ark., which were recently sold in foreclosure.
—V. 60, p. 967.
Long Island Traction.—The reorganization plan cannot
yet be obtained for publication, but it is understood to provide
for an assessment of $10 a share. Ex-Gov. Flower is quoted
as saying:
“ At first It was supposed that the company would be all right If
th *re was an assessment levied of $5 a share, but we have found the
•road In pretty bad shape, and the money needed to carry everything
-through will be nearer to $10 a share.” —V. 60, p. 795.
Manchester & Lawrence— Concord & Montreal.—A de­

Marietta & North Georgia.—At Atlanta. Ga., in the United
States Court, Judge Newman on Tuesday signed an order for
the sale of this railroad within the next 60 days. The upset
price is fixed at $900,000.—V. 58, p. 866.
This is the second decree. For legal reasons the first decree
of foreclosure was never operative. The road is to be offered
first in five parcels, the upset price beiDg as follows: 1. That
porti >n of the road lying in Tennessee, exclusive of the bridge
over the Tennessee River at Knoxville, $325,000; (2) the bridge
over the Tennessee River, $4.0,000 [th9 certificates of the re­
ceiver issued for the purpose of building the bridge are de­
clared a liea prior in right to the mortgage of the Central
Trust Company]; (3) that portion of the road in Georgia be­
tween the town of Marietta and the Tennessee line, $550,000;
(4) the narrow-gauge line from Blue Ridge to the State lim­
its, $15,000 [the bonds of the Biston Safe Deposit & Trust
Company are decreed a lien upon this property]; (5) Thenarrow-gauge in North Carolina, $12,000, the mortgage to th9
Central Trust Company being a prior lien on this portion.
Metropolitan Street Railway, N. Y.—This company oper­
ates all the lines of the Metropolitan Traction C >. Earnings
for the quarter and the nine months ending March 31, 1895,
have been reported as follows :
3 months
end. March 31.

Gross
earnings,

1805............... $1,239,740
9 months
1«94 5
4,026,629
—V. 60, p, 795.

Net
earnings,

Other In t., rent'ls, Balance
income.
taxes.
surplus.

$487,414 $76,306

$503,403 $60,317

1,642,058 174,518

1,466,449 350,127

Mexican National.—An arrangement was officially an­
nounced by the Mexican Government on May 21 for the con­
version of the subsidy certificates issued to the Mexican
National Construction Company into 5 per cent interior debt
bonds of the Mexican Government. There remained $3,335,685 77 certificates pledged with the trustees of the Mexican
National Railroad first mortgage bonds, their proceeds to be
applied to the redemption of the railway bonds. Uader the
new arrangement these certificates will be replaced with the
Government bonds ; the certificates collectible to March 1,
1895, to be rated at par, and collections after that date to be
discounted at 7 per cent per annum on an estimated encash­
ment of $80,000 monthly. The sum so ascertained is to be
converted into bonds at 72 per cent. The G ivernment by
this arrangement is relieved from the considerable monthly
payments neretofore made.—V. 60, page 562.
Mexican Northern.— At the annual meeting in New York
this week the entire board of directors, consisting
of Robert S Towne, A. R. M^yer, N. Witherell, E M. Siepard, A . Foster Higgins, Georg t Foster Peabedy aad W. F.
Dummer was re-elected. The aanuil report showed gross
earnings, $642,091 ; operating expenses, $338,121 ; net earn­
ings, including miscellaneous receip s $348,161; fixed charges
$139,005; surplus earnings, $239,158. Thi directors de­
clared a quarterly dividend of 1 percent, payable June 15.
—Y . 60, p. 482.
Milwaukee Street Railway.—A committee consisting of
Frederic P. Olcott, Cnairtnan; Arnold Mircu*, Secretary (15
Broad Street), William Nelson Cromwell aad C h irlesW .
Wetmore, have issued a plan of reorganization under which
the stock and consolidated mortgage bonds are to be depos­
ited with the Central Trust Co in exchange for negotiable
receipts. The plan is to become effective as soon as holders
of two-thirds the bonds and a maj >rity in amount of the
stock shall have been deposited. The assent of securityholders largely in excess of a majority of each class has al­
ready been obtained. The new securities are to be as follows:
First consol, mortgage 5 per cent gold bonds, dated Jane

1,1895; due Ju le 1, 1925:
For old consols.................................. .......................... ........ $5,500,000
For future additions and extensions . . . . . . .................. IT1,0 >0,000
Reserved for Mil. City RR. 1st m o r t, due 1908 ............
1,000,000
Reserved for West Side St. Ry. 1st mart., due 1909........
500,000
Preferred sto tk 5 par cent, non cumulati ye (par $100):
3,500,000
To be issued forthwith. . . . . . . . . . .......................... ...........
For future additions and extensions............. ............ . . . 1f t,000,000
Common stock (par $100).................................................. .
3,500,000
1TThe committee may at its discretion provide for the issue of this
$ l,0 il0,000 of consols, or of the $1,000,000 preferred stock, o rb >th,
for the acquisition from time to time “ of new properties, for increas­
ing, extending and developing the railway and lighting plants, for
permanent betterments ana improvements, or for the purchase of new
or additional machinery, appliances and equipm mt.”
The preferred stock will »Iso he entitled to share equally with com ­
mon stock in any dividends after 5 per cent has been paid on common.

The old securities are to be exchanged for new securities as
follow s:
,---------- O l d S e c u r it ie s .---------- . , ------------------- N e w S e c u r it ie s .------------------<.

Stock and Bonds.

Cash.

Consols.

P ref.stk. Oom.stk.

Consol, mort. $1,000 b o n d ....................
$617-56 $382-44 ....... .
Do unfunded coupons........ . ...............................
Par.................. .
Do coupons June 1895........ 61-756 p.o........................... ................... ...
2d consol. M. $1,000 bond........... .................................................
$2,000
Mil. St Ry. Co. of New Jersey,
_ __
stock $100 share...................................
...............................
20*20
Milwaukee City RR. mortgage of 1888 for $1,000,000 undisturbed.
West Side Street Ry. mortgage of 1889 for $500,OOu undisturbed.

spatch from Concord, N. H , June 6, states that the Supreme
Court there has rendered a decision in the case of the Man­
chester & Lawrence Railroad against the Concord & Montreal
The new mortgage is to cover all the pr: parties of the Mil­
Railroad for a division of profits while the two roads were
being run in partnership. The court gives to the Manchester waukee Street Railway Company with the exception of some
& Lawrence Company the same award as returned by the real estate not used by the company, and the proceeds of
referees, excepting a two fifths interest in the Manchester which, after sale, are under proper restrictions to be used for
.& North Weare Railroad.
The Manchester & Lawrence, betterments and improvements.—V. 60, p. 939.
Michigan Peninsular Car.—This company announces by
however, gets a ca h award and interest amounting to about
$475,000; also a two-fifths interest in the Nashua Acton & circular that the company is again compelled to pass i.s pre­
Easton road, and a similar interest in the Manchester & ferred stock dividend. The management feels much encour­
Keene road. The entire amount of the award is understood aged by the brighter outlook. The pipe works, rolling mill,
forge and the Peninsular Car plant have been in full operation
to be about $800,000.—V. 59, p. 650.




1010

THE CHRONICLE.

during the greater part of this quarter and present orders will
keep them employed until the middle of July.—Y. 50, p. 778.
Missouri Kansas & Texas.—The wisdom of paying the Au­
gust coupon on the second mortgage bonds, which is the last
not obligatory, is being discussed by some of the foreign
bondholders, and some have written to houses here suggest­
ing that though the earnings are so large it would be more
conservative not to pay it. Heretofore 2 per cent per annum
has been regularly paid, the last payment being that of the
coupon due Feb. 1, 1895.—V. 60, p. 749.
New York & Brooklyn Tnnnel.—Mayor Strong has ap­
proved the bill giving this company the right to build a tunnel
under the East River.
New York & New Jersey Bridge.—This company has
formally accepted the plan for a bridge across the Hudson
River offered by the Union Bridge Company of this city.
The plan provides for a suspension bridge with a centre
hinged stiffening truss, the cost guaranteed by the company
not to exceed $25,000,000. The bridge is described in part
as follow s:

[Y ol.

LX.

for the year 1893 of $1,050,476, for 1892 of $1,229,974 and for
1891 of $1,725,938.—V. 60, p. 873.
Pittsburg Cincinnati Chicago & St. Lonis.—The $552,000
first mortgage 7 per cent bonds of the Cincinnati Richmond
& Chicago will be paid off at maturity July l, 1895, on pres­
entation to the Union Trust Company, No. 80 Broadway, New
York City.—V. 60, p. 663. t
Pittsburg Cleveland & Toledo.—The stockholders of this
railroad company will meet July 10 to vote on the proposition
to authorize the issue of $4,000,000 fifty-year 4}*£ per cent gold
bonds, to be secured by mortgage, and also on the question of
purchasing the railroad and property of the Trumbull & Ma­
honing Railroad Co.
Pittsburg & Eastern.—A contract is reported to have
been let for the construction of the first division of this road
from Mehaffey, Clearfield County, to Rankin Summit, a dis­
tance of 18 miles. The division is to be ready for operation
by October 1. It will develop the Cush Creek and GlenCampbell coal districts and open up timber tracts near Burn­
side, Clearfield County. The second division of the road will
be 45 miles long and extend to Saltsburg, Indiana County.
The contract for its construction, it is slid, will probably be
given out later in the season. The road is projected to a
point near Pittsburg. S. H. Hicks of Philadelphia is Presi­
dent.—Y. 60, p.
Pittsburg Ft. Wayne & Chicago.—The earnings of this
company for the year ending December 31 are as follows:

It is to span the river without any support between the pier-head
line on either shore; to have a clear opening of 3,110 feet, and a
height at the centre of 150 feet in the clear above high water, with
the grade running downward from that point on the New York side
35 feet to the mile. There will be six tracks on a level, designed to
carry 3,000 pounds per lineal foot on each track, with excess for
engine loading. The loading upon these tracks will be distributed by
two stiffening trusses on either side, hinged at the centre. These
trusses are of the bow-string order, with an extreme height of 200 feet
and are spaced 125 feet apart, centre to centre. They are to be construc­
Gross
Net
N. G. <6 Charges Balance ,
ted of high grade “ medium” steel, fulfilling all the conditions of the best Tear end.
practice. The cables sustaining the roadway are twelve in number,
Dec.31—
earnings, earnings. B .Y .R B . <6 slc.f. surplus. Dividends.
two on either side of the stiffening trusses and four between the
trusses; arranged so as to divide the cross-floorbeams into three eaual 1894........... 9,429,859 2,268,093 +9,840 991,800 1,286*133 2,634,771
lengths. The New York approach consists of one deck span 400 feet 1893........... 12,659,668 3,712,937 -4,118 991.800 2,717,019 2,485,328
long, extending back to the bulkhead line, and one deck span 575 feet
The profit and loss surplus is $8,311,042, against $7,803,005 a
long crossing over the “ New York Central” tracks. From the New
York anchorage, eastward, the tracks would occupy a space lo o feet year ago. The regular stock is unchanged, but the “ guaran
wide on the north side of Sixty-eighth Street.—Vol. 60, p. 432,
teed special stock ’’issued to Pennsylvania Co. for betterments
New York & New England.—Foreclosure sale under th< is $18,883,400, against $16,967,200 a year ago.—V. 59,p. 152.

second mortgage is advertised for July 9. It is understooc
that all legislation required by the reorganization committe«
has now been obtained.—V. 60, p. 968,
New York New Haven & Hartford.—A bill before the Con
necticut Legislature provides that anv railroad company after
acquiring three-quarters of the stock of any wharf, bridge
ferry or railroad company may take the rest by appraisal.
This bill if passed and held constitutional will enable the New
York New Haven & Hartford to complete its consolidation
with roads like the New Haven & Northampton, Shore Line,
etc., only a small portion of whose stock remains in the hand’s
of the public.—V. 60, p. 968.
New York Susquehanna & Western.—The N. Y. Evening
P ost says in regard to the rumors that this company is having
difficulty with its floating debt that, according to an official
statement, “ the bonds issued were not sufficient to meet the
expense of constructing the Wilkesbarre and Eastern exten­
sion and the Weehawken terminals, and the amount had to
be procured in other ways by the company. This absorbed
earnings and compelled the making of some new loans.”
a JA x1iiieeti,Ilg of the directors was held on Friday afternoon.
At the close of the meeting President Borg stated that the
assets of the company were far in excess of the liabilities
and there was no basis for the rumors o f a receiversh ip__V
60, p. 874.
Niagara & Lewiston.—Application for authority to increase
the capital stock of this company from $100,000 to $1,400,000
has been granted by the State Commissioners. The company
proposes to build an electric line along the banks of the Niagara
River from Niagara Falls to Lewiston.
Ohio Southern.—The first mortgage coupons due June 1
were not paid.—V. 60, p. 874.
. Orange Mountain;Cable.—The sale of this road was adjourned indefinitely, [there being no bids for the property.—
V. 60, p. 968.

Oregon Short Line & Utah Northern—Union Pacific.—
At Portland, Ore., June 4, Judge Gilbert of the United States
Circuit Court, signed the order appointing John M. Egan receiver of the Oregon Short Line and granting authority to
issue $750,000 receiver s certificates to pay interest on bonds
UUG,
||pp a
A- dispatch to the Evening Post from Omaha under date of
June 5 says m p art: “ There is a general feeling about Union
•n
“ ea(^luarters here that the American Loan & Trust
will, through separate receivers, succeed to the control of the
Oregon Short Line & Utah Northern, now a part of the Union
Iracinc. In view of the somewhat complicated condition of
affairs, all eyes are directed toward Salt Lake, where the final
battle is to be fought before Judge Merritt of the Territorial
*
Should he include the Southern extension in the order
ot the transfer it will put an additional obligation, representj
^ Merest, upon the successor receiver. It is con­
tended that in equity Judge Merritt can do nothing less than
protect the first mortgage interests, which are in his court.
.
Gffion Pacific people are now asking themselves whether
0 the American Loan & Trust Company will accept so onerous
a burden. Those in a position to know believe that the money
will be forthcoming.”—V. 60, p. 968.
J
Pennsylvania Company—Pennsylvania Railroad.—The
annual report of the Pennsylvania Company shows a loss for
the year after paying all expenses, interest on bonded debt,
rentals, advances, etc., of $687,476 as compared with a profit



Pueblo City.—Judge Halle ck, in the Federal Court a
Pueblo, Col., has ordered the foreclosure sale of the Pueblo
City Railway.
Pullman Palace Car.—At Chicago, June 1, in the suit
brought by Attorney-General Moloney against this company,
Judge Baker sustained only two of the charges against the
company. One was that the company had exceeded its power
in becoming the owners o f twenty-three acres of land in the
town of Pullman which had been put to no use, and the other
was that it violated its charter in becoming the owner of a
part of the stock o f the Pullman Iron & Steel Company.
The Court holds that the company had the right to do the
following: To erect a ten-story office building in Chicago and
to rent part of it to tenants; to sell intoxicating liquors in its
cars; to purchase the land upon which the town of Pullman
is built and to erect thereon dwelling houses to be rented to
its employees; to erect schools and a church in the town of
Pullman, and to sell to the tenants of its houses water and gas.
The two interests in which the company was defeated by
the Court, and which it will have to sell, involve, it is said,
about $50,000. In other respects the company is unaffected.
The Attorney-General proposes to appeal the case to the Su­
preme Court.—Y. 59, p. 741.
Reorganization Plans, etc.—The following is an index to
all defaults, foreclosure sales, reorganization plans, the names
of all reorganization committees, and all statements respecting
the payment of overdue coupons, that have been published
in the C h r o n ic l e since the April edition of the I n v e s to r s ’
S u p p l e m e n t was issued, all earlier facts of this nature being
set forth in that publication. It does not, however, include
matter in to-day’s C h r o n ic l e .
The following abbreviations are used: Plan for reorganization
or readjustment plan ; coup, for coupon payments ; def. for
default; Com. for committee.

Volume 60.
Page.
Atchison System—
Colorado Midland...... coup. 747
do
do
........ Com. 872
Augusta & K n ox v ille... Com. 967
Chicago & West Mich__ coup. 748
Georgia South. & Fla__ plan. 928
Kan. City Water Works.coup. 929
Little Rook & Memphis..sale. 967
Louisv. Evansv. & St. L..Com. 873
Do
do
coup. 967
Milwaukee St. R y............. def. 929

Volume 60.
Page.
N. Y. Lake E. & West....... def. 968
Norfolk & Western..........Oom. 874
Northern Adirondack__ sale. 968
Northern Pacific............plan. 930
Ohio Southern........ ....... Oom. 874
Oregon 8h. L. & U. N ov.coup. 968
Peoria Dec. & Evansv.. Com. 930
8av. Americus <fe M ont..plan. 874
Toledo A. A. & N. M........ sale. 969
Union Pacific— ............coup. 969
Un. St. RR. (Dover,N. H.)sale. 969

Southern Railway—Georgia Southern & Florida.— The
Southern Railway Company has acquired control of the reor­
ganized Georgia Southern & Florida Railway Company by
the purchase of a majority of the outstanding bond certificates
of the reorganization committee. The Georgia Southern &
Florida extends from Macon, Ga., to Palatka, Fla., on the St.
John’s River, a distance of 285 miles, and will give the South­
ern Railway system direct communication with Florida, and
it is thought will prove a valuable feeder.—V. 60, p. 967.
Sioux City Cable.—At Sioux City, May 31,Judge Shiras, o f
the Federal Court, filed an order directing the sale of the Sioux
City Cable Railway to satisfy $350,000 first mortgage, of which
the Manhattan Trust Company is trustee. Labor and mate­
rial claims to the amount of $5,000 are made superior to that
of the bondholders. The date of the sale was not fixed.
Texas Louisiana & Eastern.—This road was sold under
order of Judge Bryant Tuesday and was bought by W . A.
Kincaid for $101,000.
W

F o r oth er Investm ent Items see page 1 0 1 2 ,

__.

1011

THE CHRONICLE.

June 8, 1895.1

H k p o T ls

a n d

J )c r c u m m ts .

Statement showing the details of Earnings and Percentage of
Operating Expenses as compared with the previous fiscal year:
M arch 31,1895.

M arch 31,1894.

$4,338,052 97
11,206,685 70
499,248 20
400,875 00
747,779 20
219,872 69
8,302 85

$6,538,568 00
12,852,978 71
457,186 16
330,930 35
604,196 73
246,984 76
8,228 88

Total Gross Earnings.

$17,420,816 61

$21,039,073 59

Operating Expenses.
Taxes..................................

$11,845,367 92
836,893 29

$14,137,267 46
840,211 79

Net Earnings.................................. $4,738,555 40
Percentage of Operating Expenses
to Gross Earnings.............................
68
Same, including Taxes.........................
7280 100

$6,061,594 34

Sources o f Revenue.

CHICAGO ROCK ISLAND & PACIFIC RAIL­
WAY COMPANY.
FIFTEENTH ANNUAL REPORT—FOR THE YEA R END­
ING MARCH 81, 1895.

JSThe Board of Directors submit the following report for the
year ending March 31,1895:
,$17,420,816 61
Gross Earnings w ere..................
. 12,682,26121
Operating expenses and Taxes.
BBliut H
■
~
Y Net Earnings.................................................. ...........*—• $4,738,555 40
15,644 42
Add net cash receipts o f land sold.— ............. .
407,400 00
“ Premium Minneapolis & St. Louis By. Bonds sold..
“ Deferred interest on Minneapolis & St. Louis By.
746,679 88
Improvement and Equipment Bonds..............
$5,908,279 70

Net Income.

From this amount has been paid—
ForJTnterest on Bonded D ebt.. . . . . . . ----- $3,318,525 00
“ Bentals of Leased Lines.....................
694,599 66
“ Bentals and Tolls Mo. River Bridges
157,608 29
“ Dividend on Capital Stock—3 per ot. 1,384,674 00
^ “ ¿Prem ium on $26,000. 5 p.c. Ext. and
Col. Bonds purchased for account
ITOo f Sink. Fund under the Mortgage.
325 85
300(18
---------------------

5,555,732 80

BK!> Surplus for the year.............................................—.......

$352,546 90

The Capital Stock and Bonded Debt of the Company is as
follows :
Capital Stock issued......................................... ....................$46,155,800 00
Fractional Scrip convertible into Stock............................
200 00
Six per cent Mortgage Bonds.............................................. 12,500,000 00
Five per ct. Ext. and Collateral Bonds.$40,712,000 00
Less Bonds purchased for acoount Sinkk. ing F u nd...................................... ...........
281,000 00
qmlHH «• m
--------------------- 40,431,000 00
Five per cent Thirty Year Debenture bonds.................... 4,500,000 00
Seven per cent C. & S. W. By. Bonds Guaranteed.......... 5,000,000 00

Main Line and Branch Railroads owned, leased and oper­
ated by the Chicago Rock Island & Pacific Railway Company
at the date of this report are as follows:
LINES OWNED.
Miles.
Chicago, HI., to Council Bluffs, Iow a................................499-62
Davenport, Iowa, to Atchison, Kan..................i .............. 341*84
Edgerton Juno., Mo., to Leavenworth, Kan..................... 20’31
Washington, Iowa, to Knoxville, Iow a................. -—
79'
South Englewood, Ills., to South Chicago, 111........ ........ 7*50
Wilton, Iowa, to Muscatine, Iow a................................... 11*98
6*08
Wilton, Iowa, to Lime Kiln, Iow a................... .............. .
Newton, Iowa, to Monroe, Iow a........................................ 17*
Des Moines, Iowa, to Indianola and Winterset, Iow a ... 47*07
Menlo, Iowa, to Guthrie Center, Iow a............................. 14*58
Atlantic, Iowa, to Audubon, Iow a.................................... 24*54
Atlantic, Iowa, to Griswold, Iow a..................................... 14*71
Avoca, Iowa, to Carson, Iow a.................................. ......... 17*61
Avoca, Iowa, to Harlan, Iow a........................... ............ . 11*84
Mt. Zion, Iowa, to Keosauqua, Iow a................................. 4*50
Altamont, Mo., to St. Joseph, Mo..................................... 49*66
South St. Joseph, Mo., to Bushville, Mo.......................... 14*70
Kansas City, Mo.,to Armourdale, Kan............................ 2*40
South Omaha, Neb., to Jansen, Neb.................................. 107*05
Elwood, Kan., to Liberal, Kan............................................ 439*54
Herington, Kan., to Terral, Ind. Ter............................... 349*07
Herington, Kan., to Salina, Kan....................................... 49*30
Horton, Kan., to Boswell, Colo.......................................... 568*65
Fairbury, Neb., to Nelson, Neb......................................... 51*53
McFarland, Kan., to Belleville, Kan........ ................ ....103*98
Dodge City, Kan., to Bucklin, K a n . . . . . . . . . . . . . . . . . . . . . . . 26*64

Passenger Transportation......
Freight
“
.......
Mail
“
----Express
“
• .....
Bents, Interest, etc...................
Earnings from Car Mileage.
“
“
Telegraph lines
Expenditures —

6720100
7H*ioo

P a s s e n g e r E a r n in g s .— In comparison with previous year
Passenger Earnings show a decrease of $2,200,515 03, or
33 65-100 per cent, which is made up of a decrease in earnings
from connecting lines of $344,925 53, or 33 72-100 per cent,
and a decrease from business originating on our own line of
$1,855,589 50, or 33 64-100 per cent.
Total number of passengers carried decreased 1,157,314)$,
or 20 6-100 per cent.
_
The number of first class passengers carried decreased
1,146,324^, or 19 98-100 per cent.
The number of second class and emigrant passengers car­
ried decreased 10,990, or 35 30-100 per c e n t.;
The number of passengers carred one mile decreased 136,207,640, or 41 36-100 per cent.
The average distance traveled by each passenger during the
year ending March 31st, 1894, was 57 miles, and during the
past year 42 miles.
The number o f through passengers (passengers delivered to
or received from connecting lines) decreased 82,574)^, or 30 16100 per cent, and the number of way (local) passengers de­
creased 1,074,740, or 19 56-100 per cent.
Of all the passengers carried, 2,320,0433*2, or 50 31-100 per
cent, traveled West, and 2,291,083)£, or 49 69-100 per cent,
traveled East.
The rate per pessenger per mile for the year ending March
31,1894, was 1 900-1000 cents, and for the year ending March
81, 1895, was 2 150-1000 cents.
The passenger business at 39 stations shows an increase
during the year of $157,131 44, and at 498 stations a decrease
of $2,357,646 47.
■ * '
.
The number of passengers carried shows an increase during
the year at 47 stations of 28,1173*2, and a decrease at 486 sta­
tions of 1,185,432.
F r e ig h t E a r n in g s ,—Freight Earnings for the year de­
creased $1,646,293 01, or 12 81-100 per cent.
The revenue from Through Freight (freight delivered to or
received from connecting lines) decreased $816,717 86, or
12 2-10 per cent, and the revenue from Local Freight decreased
$829,575 15, or 13 47-100 per cent.
Of the entire Freight Earnings, 52 45-100 per cent was from
Through Freight and 47 55-100 per cent from Local Freight.
The movement of freight, as compared with the previous
year, shows a decrease of 829,474 tons, or 11 75-100 per cent,
while the rate per ton per mile has increased from 1 cent to
1 5-100 cents.
G ross E a r n in g s show a decrease of $3,618,256 98, ‘or
17 20-100 per cent,

N et E a r n in g s show a decrease o f $1,323,038 94, or 2 183-100

per cent.

O p e r a t in g E x p e n s e s show a decrease of $2,291,899 54, or
16 21-100 per cent.
T a x e s decreased $3,318 50, or 39-100 per cent.
Full details of the foregoing, as also statements of Assets
2,880-70
Total miles owned.
and Liabilities, Income Account and valuable statistical in­
LINES LEASED.
formation, will be found forming a part of this report.
Bureau, IU., to Peoria, 111......................................... .
46*70
The amount charged to Construction and E piipment A c­
Keokuk, Iowa, to Des Moines, Iow a.......; ........................162*20
Des Moines, Iowa, to Ft. Dodge and Buthven, Iow a ...143*76
count for the year is as follows:

i
--------and Contingent Expenses................................... $£,923 hn
Totaleniles leased...................................................................... 352*66 Engineering
Masonry, Bridges and Culverts........ - - - ...........................- - —
9 7 , 6 «» uu
New Depots, Shops, Engine Houses, Water Stations, & o... 46,084 40
TRACKAGE RIGHTS.
Fencing
............
Over Hannibal & St. Joseph BR.—
Additional Third Track East of Rock Island.........................
5,207 05
Cameron, Mo., to Kansas City, M o ...................
54*30
Additional Side Tracks (3 *16 miles)......................................... 27,62b lO
Over Union Pacific By.—
Change
in
Line,
near
Leavenworth,
Kan........
.
....................
o^y*?
Council Bluffs, Iowa, to South Omaha, Neb............. 7*02
Reducing Grade and Change of Line.....................................
5,142 4b
Kansas City, Mo., to North Topeka, K an............... . 67*35
Filling in Freight Yard at Bock Island..................................
4,20» ou
Limon, Colo., to Denver, C olo.............. ...... . . . . . . — . 89*78
Lowering
Tracks
at
Moline.......................................................
?o
Over Denver & Bio Grande BR.—
New Equipment..........................................................................
Denver, Colo., to Pueblo, Colo........ .....................1 1 9 * 6 0
Track Elevation at Chicago.................................................... iyy>5o7 0 d
4 k(1CE
*
___
Extension................................................ -....... - —
s i ’ni t 52
3M Totaljtrackage rig h ts................................................................ 338*05 Nebraska
Southern E xten sion .............. ............................ .
2 0 ,0 1 0 oo
Total miles ofjroad over whioh trains are op erated ...........;3,571*41
$424,665 69

The road is located in different States, as follows:
236*07 miles in Illinois.
1,068*67 “ “ Iowa.
“ “ Missouri.
287*95
1,124*30 “ “ Kansas.
“ “ Nebraska.
253*19
376*94 “ “ Colorado.
“ “ Indian Territory.
106*89
117*40 “ “ Oklahoma Territory.
3,571*41 miles.
200*94 miles of second track.
10*59 “
“ third track.
692*98 “
“ side track.
Equal to 4,475*92 miles of single track.




M a s o n r y , B r id g e s a n d C u l v e r t s .— The double-track iron
bridge over the slough at Rock Island, III., mentioned in our
last report, has been completed during the year. Total cost,
$49,77413.
' .
.
In Iowii and Missouri, new stone abutments and piers nave
been placed under eighteen (18) bridges.
During the year pile and trestle bridges aggregating over
21,000 feet in length have been replaced by permanent work
or filled with earth, at a cost of $197,288 00, which amount ha*
been charged to Operating Expenses.
N e w B u ild in g s .—New depots have been built at Udell,
Iowa, and Round Pond and South Enid, 01 lahoma.

1012

THE CHRONICLE

l x

,

INCOME ACCOUNT
C h ic a g o R o ck I s l a n d & P a c if ic R a il w a y Co m pa n y fr o m A p r i l .

1, 1894, to M a r c h 31, 1895.

1894.
May 1. To Dividend paid—1% .......................................
$461,558 00'
May 1. “ Interest paid on C. & S. W. Ry. Bonds.......
175,000 OO
July 1. “ Interest paid on 6% Bonds..........................
363,000 00
July 1 . “ Interest paid on 5% Ext. and Col. Bonds.. 1,011,425 00
Aug. 1. “ Dividend paid—1%.........................................
461,558 00
Sept. 1.
Interest paid on 30-yeai 5% Debent. Bds.
107,500 00Nov. 1. “ Dividend paid — % % ...........
230,779 00
Nov. 1. “ Interest paid C. & S. W. Ry. Bonds............
175,000 00
1895.
Jan. 1. “ Interest paid on 6% Bonds..........................
363,000 00
Jan. 1. “ Interest paid on 5% Ext. and Col. Bonds.. 1,011,100 00
Feb. 1. “ Dividend paid—
.......................................
230,779 00
Mar. 1. “ Interest paid on 30-year 5% Debent. Bds.
112,500 00
Mar. 31. “ Rent Peoria & Bureau Valley R R ...............
125,000 00
Mar. 31. “ Rent Keokuk & Des Moines R y..................
151,624 24
Mar. 31. “ Rent Des Moines & Fort Dodge R R ............
132,371 95
Mar. 31. “ Rent Hannibal & St. Joseph RR..................
43,644 36
Mar. 31. “ Rent U. P. By., Council Bluffs to S Omaha
48,750 00Mar. 31. “ Rent U. P. Ry., Kansas City to No. Topeka.
38,909 00
Mar. 31. “ Rent Ui P. Ry., Limon to Denver.................
48,245 06
Mar. 31. “ Rent Denver & Rio Grande R R
106,055
05Mar. 31. “ Tolls and Rentals paid Missouri River
Bridge Cos.................... ............................
157,608 29
Mar. 31. “ Premium on $26,000 00 5 per cent Ext.
and Col. Bonds purchased for Account
of Sinking F u n d .,.,,.-...i i i i . , , s...........
325 85
Mar. 31. “ Operating Expenses and Taxes from
April 1,1894, to March 31,18 9 5............ 12,682,261 21
Mar. 31. “ Balance...........................................
1,582,038 84
.

A grain elevator at Itdianola, Iowa.
Track scalts have been placed at DuBois and South Bend,
Neb., and Ramona, Kan.
W a t e r S u p p l y . —Pumping stations have been erected at
West Liberty and Evans, Iowa, and Herington, Kan., while
improvements to water supply have been made at Dwight,
Montrose and Lebanon, Kan., Bethune and Calhan, Col., and
Hennes&y, Oklahoma.
Street gates have been erected at various crossings in Chi­
cago and other points on the Illinois Division.
The Hall Block Signal System has been established between
Englewood and South Englewood, 111., and at Moline and
Reck Island, 111.
An interlocking plant has been placed at the crossing of the
A. T. & S. F. RR. at Peabody, Kan.
E q u ip m e n t .—The passengar equipment has been improved
by providing cars with air signals and gas-lighting fixtures.
S id e T r a c k s .—Additional side tracks have been con­
structed on the various divisions of the road, aggregating 3*16
miles.
T r a c k E l e v a t io n . —Under an ordinance passed by the
City Council of Chicago July 9, 1894, this Company was re­
quired to elevate its tracks between Sixteenth and Seventysecond streets, the work to be completed by August 1, 1899.
The expense for that portion of the work between Sixteenth
Street and Englewood (Sixty-first Street) will be borne equally
by this Company and the L. S. & M. S. Ry. Co.
W ork was commenced August 15th, 1894, and at the close
of that year had been completed from Sixteenth Street to
south of Twenty-third Street, at a cost to this company of
$139,567 03. This amount includes $50,000 00 paid to the City
of Chicago as a contribution toward the liabilities for land or
business damages which may be incurred by reason of the
elevation of the tracks, which liabilities, by the ordinance,
the City of Chicago assumes. W ork was discontinued dur­
ing the winter, but was resumed in April, and is progressing
satisfactorily. It is contemplated to build about two (2) miles
this year. The total length of the elevated track, when
completed, will be about seven (7) miles. By this improve­
ment trains will be enabled to make better time through the
city, and avoid grade crossings, which in the past have im­
posed large expense in their maintenance as well as in the
way of damages for injuries to persons and property.

rvoL .

$19,820,032 85
1894.
April^ 1 . By Balance from previous year....................... $1,229,491 9 4 .
Mar.
,,
Mar.
Mar.
,,
Mar.

31.

“ Gross Earnings from April 1, 1894, to
March 3 1 , - 1 8 0 5 . . . .............. 17,420,816 61
Receipts from Land Department...............
1 5 644 42’
“ Premium on Minneapolis & St. Louis Ry.
„
Bonds sold.............................. ....................
407,400 00
31. “ Deferred Interest on Minneapolis & St. L.
Ry. Improvement and Equip. Bonds...
746,679 8 8

31.
31.

,

$19,820,032 85
1895.
' '
1 — *
April 1. By Balance..................7 . . . . . . . . . . . * . 7 . $1,582,038 84

United States Cordage.—On Monday Mr. John I. Waterbury, President of the Manhattan Trust Company, and Mr.
William E. Strong of the Stock Exchange house of Work,
Strong & Co., a partner of President F. K. Sturgis, were ap­
pointed receivers of the United States Cordage Company iu
all the States in which the property of the company is located.
The receivership is the first step in tbe reorganization of the,
property under the plan below described.
Under date of June 5 a committee consisting of Frank K.
Sturgis. William Barbour and John I. Waterbury, with T. H.
Wentworth as Secretary (No. 2 Nassau Stree ), announce that
To the officers and employees of the Company, who have so they have prepared and deposited with the Manhattan Trust
successfully contributed toward maintaining the road in its Company a plan of reorganization subscriptions to the $3,present efficient condition, the thanks of the Board of 500,000 of new first mortgage bonds proposed have been un­
derwritten. Os the $3,000,000 to be subscribed $1,400,000 will
Directors are extended.
be required to pay prior liens and the balance will be avail­
All of which is respectfully submitted.
able lor working capital. The plan provides in substance as
R. R. CABLE,
follow s:
THE CHICAGO ROCK ISLAND & TEXAS RAILWAY.

The above road, mention of which was made in our last
report, has proved a very valuable addition to this Company’s
system. Making connection at Fort Worth, Texas, with the
various systems centering at that point, opens up a terri­
tory which heretofore has never furnished this Company any
business. The road, in addition to payirg its operating ex­
penses, has earned and paid interest on entire cost of con­
struction, and served as a feeder to this Company’s lines for a
large amount of business.

President.

CONDENSED BALANCE SHEET OF THE CHICAGO ROCK ISLAND & PACIFIC RAILWAY COMPANY APRIL 1, 1895.
Cr e d it B ala n c e s.

L iabilities.

Capital Stock fixed, $50,000,000 ; amt.
issued.......................................................$46,155,800 00
Fractional Scrip outstanding, converti­
ble into Stock. ....................................
200 00
Six per cent Mortgage Coupon Bonds.. $4,655,000 00
Six per cent Mortgage Registered Bds. 7,845,000 00
Five per cent Extension Coupon Bonds.$35,467,000 00
Five per cent ExtensionRegist’d Bonds 5,245,000 0 0
Five per cent Debenture Coupon Bonds $4,455,000 00
Five per cent Debenture Regist’d Bonds
45,000 00
Chicago & Southwestern Ry. Bonds, guaranteed
Addition and Improvement A ccou nt.....................
Accounts Payable......., ........... .................................
Profit Balance to Income Account.............

$46,156,000 00
12,500,000 00
40,712,000 00
4.500.000 00
5,000,000 00
8.213.000 00
617,529 16
1,582,038 84

$119,280,568 00
D e b it B a l a n c e s .

Assets.

Cost of Road and Equipment, including all Branch
&oads~ew«ed by the Company............................. ......... $103,380,434 32
Cost of Track Elevation at Chicago.................................
139,567 03
Cost of Railroad Bridge at Rock Island..........................
815,896 32
Capital Stock and Bonds of Connecting Roads.............
6,109,487 05
Loans and other Investments...........................................
565,432 21
Advances made to the Chicago Rock Island & Texas
Ry. Co. as per agreement dated January 2,1893.......
1,956,961 43
C. R. I. & P. Ry. Co. Capital Stock on hand..................
12,100 00
C. R. I. & P. Ry. Co. Six per cent Mortgage Bonds on
hand.................................................. ...................... . .........
400,000 00
Sinking Fund Account, First Mortgage Extension and
Collateral Five per cent Bonds purchased..................
281,000 00
Stock of Material, Fuel, etc., on hand..............................
991,368 72
Due from Post Office Department..... ..............................
834 94
Accounts Receivable..........................................................
761,835 37
Cash and Cash Assets.................................. ......................
3,865,650 61




$119,280,568 00

First —The organization of a corporation to acquire tbe real estate
and other properties of the present company.
Second —The Issue of the following securities:
(a ) $3,000,000 first mortgage 6 per cent fifty-year gold bond 8.
(b) $7,500,0! 0 consolidated mortgage 5 per cent fifty-year «old bonds,
with voting pow er; ft per cent interest, non cumulative, payable from
profits in any year prior to any dividend upon tne stock, provided that
after a dividend of 2 per cent is paid upon the stock of the company in
any year, there aball be paid upon the consolidated bonds a further
amount not to. exceed.2 !« per cent from profits, if such profits shall
justify the same, in c se there are arrears of interest equal to said
amount; otherwise to the amount of such interest as may be in arrear.
( c) $ 1 2 ,0 0 0 ,0 0 0 common stock.
27, ir d —The holders of boBds and stocks of the present company who
shall become parties to the reorganization, and shall deposit the same
with the committee, shall be entitled 10 reo ive bonds and stock as
hereinabove-des. ribedf on the following basis:
(a ) Holders o f the present outstanding issue of $7,50^,010 of bonds
shall be emitted to exchange the same at par for consolidated bonds»
the interest coupon n aturing July l, 1895, to be paid also in like bonds.
(b) Every holder-of -guaranteed stock snail subsc ib e a tp a r fo r said
new first mortgage bonds (aggregating $3,00'>,<mm>> to the amount of
$ 2 0 per share for his respective holding, and shall pay $5 per share
upon becoming party to the agreement, and the remainder in three
instalments upon the call of the commit tee upon not less than ten days’
notice, and shall receive upon the completion of such payments, and
upon the performance of the conditions of the reorgan zation, when
prepared for issue, bonds of the said issue of $ 1,0 0 0 ,0 0 0 at par, to the
amount o f said-pay meat in eash, interest on such bonds to be adjusted»
and shall also receive 80 per cent in the common stock of the new
company at par upon the par value of his said holding deposited under
the agreement.
(c) Every holder of preferred stock shall in like manner subscribe at
par for said new first mortgage bonds to the amount of ten dollars per
share for his respective holding, and shall pay $2 ftO per share upon
becoming party to the agreement and the remainder in three instal­
ments as above provided, receiving bonds to the amount of such cash
payment and forty per cent o f common stock of tlio new company at
par upon the par value o f his holding of preferred stock.
(d ) Every holder of common slock shall in like manner subscribe at
par for said new first mortgage bonds to the amount of five dollars per
share for his respective holding, and shall pay $1 25 per share upon
becoming party to the agreement and the remainder iu three instal­
ments as above provided, receiving bonds to the amount of such cash
payment and 1wenty per cent of common stock of the new com pany at
par upon the par value <f his holding of common stock.
Holders of securities of the United states Cordage Company must
deposit ihe same on or before June 14,1895, with the Manhattan Trust
Company, New York City, which will issue negotiable receipts there­
for. Further particulars are in the advertising columns.—V. 60, p. 8 8 6 ..

J

üne

% h ie

© o m

1013

THE CHRONICLE.

8, 1895.]

m

e m

a l

C O M M E R C IA L

Th e M o v e m e n t

EPITOM E.

of

C O T T O N .
F r i d a y N i g h t , June 7. 1895
t h e C r o p , as indicated by our telegrams

from the South to-night, is given below. For the week ending
F r id a y N ig h t , June 7, 1895.
this evening the total receipts have reached 19.829 bales,
Business continues good. Holders of supplies at first hands against 29,020 bales last week and 29,065 bales the previous
•display a considerable measure of confidence and sustain the week, making the total receipts since the 1st of Sept., 1894.
previous plane of values steadily. Manufacturers of staple 7.801,231 bales, against 5,839.989 bales for the same period of
commodities are as a rule well supplied with orders. Specu­ 1893-4, showing an increase since Sep.l, 1894, o f 1,961,262 bales.
lation in leading articles of merchandise has been conducted
Wed. Thurs.
Tues.
Fri.
Sat.
Mon.
Receipts at—
Total.
with greater caution, but very good general support was'
101
236
585
88
216
1,230
given previous investments. The domestic wool clip is run­ G a lveston ......
...... . . . . . . . . . . . .
233
233
ning behind quantity secured last year, but the deficit is Velasco, & c ___
377 1,741
413
892
5,319
16 1,880
New Orleans..
largely balanced by importations of foreign stock.
4
14
12
168
19
217
The following is a comparative statement of stocks of VTohile ______
leading merchandise at dares given :
June 1,

M ay I,

1895.

l»u5.

P o r k .....................
J ja rd ........................
Tobacco, domestic ..
Tobacco, foreign---■Coffee, R io...............
Coffee, other............
Coffee, Java, <fcc.......
Sugar........................
Sugar.........................
Molasses, foreign ..
Hides....................... ............No.
Cotton.....................
Rosin......................... .......... bbls
Spirits turpentine.. .......... bbls
Tar...........................
Rice, E. I ................. .......... bags.
Bice, dom estic........ ....... ..bbls.
{Linseed ..................
Saltpetre...................
Jute bDtts................ ........ balés.
Manila hem p........... ........ bales.
Sisal hemp............... ........ bales
F lo u r.............. bbls. and sacks.

14,429
20,856
16 981
64,610
240,476
80,007
36.816
3,902
333,906
13
30,2 0
222,480
18,212
1,607
3.225
39,500
1,100!
None.
3.400
903
29,494
14,321
95,500

12,723
19,121
15.u84
63 349
208,162
106.550
28,6 >3
266
227,984
215
2 4,300
2 '7, Y04
19,381
633
3.612
37 000
1,600
None.
2,100
250
33,336
18.743
99,500

June 1,

1894

D AILY CLOSING PRICES OF LARD FUTURES.

Sat.

Mon

6-95
7*17

Tuts.

6 95
7*15

Wed

6 90
7*10

lh u rs.

690
7*10

382

Fn.

6 90
710

Pt. Royal, &o.
W ilmington....
Wash’ton, &c.
Norfolk ....... .

3,028
942
616
7
37

519

344
251
297

365

893
938

1,226
2U
297
16
2,906
938
2,566

1,216

440

.........

.........

26

506

5

......

......

••••••

14

13

7

......

......

80

63

6

......

N’port N., &o.

Philadelph’ a &o

589

rot’ls this week

1,484

......

......

214
......

566

73

16
632

477

270

1,228

3,4681 1,375

5,801

377

Boston ........... .

361
942
25
7
3

414
.........

185

......

54

12,513
10,104
14 961
49.975
198, 62
47,288
42,388
7,031
555,4-*0
871
168.900
220,738
15,878
1.625
1,761
35,000
JL200
None.
6,60 >
6,0 0
7,>14
8,730
189,3u0

The demand for lard on the spot has been slow and prices
have declined, closing easy at 6 75c. for prime Western,
fii^c. for prime City and 7*05c. for refined for the Continent.
The speculation in the local market for lard for future de­
livery has been flat, but prices have declined with the West,
where packers have been selling prompted by full receipts of
swine at primary points, closing easy.
J u ly .................................. c. TOO
Septem ber.......... . . . . . . . . o . 7*20

Savannah. . . . . .
Bruns w’k,&c.

2

19,829

1.7621 5,939

The following shows the week's total receipts, the total since
4«nt. 1. 1894. and the stock to-night, compared with last v^ar
Receipts to
June 7.

Galveston...
New Orleans
Mobile..........
Savannah...
Br’ wlckj&o
Charleston..
P.Royal,&o.
Wilmington..

Stock.

1893-94.

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

This Since Sep.
Week. 1,1893.

1,230,1,650,32 >
933
»72
5,319 2.56L983
217 236,206
25,373
3,028 932*771
942 152,676
616 427,073
7 157,213
37 234,264
928
1,226 467,647
251 285,551
42,018
297
16 137,062
2,906 155,121
938 117,415
2,566 143,914

1895.

1894.

13,393
19,874
2,013 999,697
9.7*3
an K4.3
79,124
7,098'l,838,227 117,157
12,919
10,081
66 198,794
264
35,120
20,583
5,544 949,401
16,998
1,712
96,693
2,369
341
20,210
28,662
207 337,494
77,813
....
4,844
11,165
114 189,381
499
20,190
21,716
728 486,741
863
750
266 237,442
300
2,634
60,959
479
70,379 213,086 214.268
201
7,000
6,300
»8 ,3 0 1
121
59,292
9,197,
8,443
798
11,370
6,699
63,201
134

The demand for pork has con tinu°d quiet but prices have Norfolk........
held steady, closing at ^13 50@$14 2T5 for mess. Cutmeats
West Point
have had very little call, but no changes have been made in
N’ p’t N.,&o
prices. Tallow has been quiet but steady, closing at 4%c. New Y ork ...
Cotton seed oil has been in fair demand for off-grade yellow B oston........
and prices have advanced. Prime yellow closed steady at 27 Baltimore...
<®273^c Butter has been fairly active and firm. Cheese has Philadel.,<feo.
been steady. Eggs closed firm and higher.
Totals....... 19,829J,801,231 18,6975,839.969 491 833 420,076
Coffee sold slowly, but was carefully offered and finest
grades steadily sustained. Rio No. 7 quoted at 16c. for flat
In order that comparison may be made with other years, we
bean , good Cucuta at 19^0. and standard Java at 27@27%c. give below the totals at leading ports for six seasons.
Speculation for future delivery was unusually quiet, with
1890.
1892.
1891.
Receipts at— 1895.
1894 1 1893.
tone weak, closing still in buyers’ favor.
The following were the final asking prices:
762
2,232
2,298
2,548
2,286'
Gal ves’n,&o.
1,433
J u n e ..... .......14‘35o. |B ept....„........... 14*75e. |D e o .. . .. . . . . . . . , 1 4 ‘ 7Cc New Orleans
July..................14 65o. Oct.................................................... .1460c. Jan.14*65o
Aug.................. 14*70o I Nov.................... 14’bOc. I March
..14-55o Mobile........
Raw sugars without new feature, the demand about ex iavannah...
hausting the offering at steady rates. Centrifugal quoted a9 0har’ton,&o.
for 96-degrees test and muscovado at 2 15-16c. for 8t Wilm’ton,&o
degrees test. Refined sugars a trifle more active withou Norfolk.......
change in co st; granulated quoted at 4%c. Teas generally W. Point,&o.
411 others...
easy.

5,319
217
3,028
623
37
1,226
543
7,368

7,093¡
66|
5,544
2071
lilt
728
745
1,909¡

8,311
83
4,404
661
283
614
761
7,626

9,340
860
5,888
409
785
3,530
2,443
4,939

10,834
921
3,763
1,719
103
2,934
1,637
3,054

964
25
272
86
6
38
188
2,544

Tot. this wk.

19,529

18,697¡

25,296

30,526

27,303

4,835

Exporters have been better buyers of Kentucky tobacco at
firm prices; sales 250 hbds. Seed leaf tobacco has not received
much attention but prices have held steady; sales for the
week were 1,180 cases, as follows : 230 cases 1892 crop, New
England Havana seed, 16@33c ; 150 cases 1893 crop, New
England Havana seed, 4@7c.; 200 cases 1894 crop, New Eagland seed leaf, private terms; 100 cases 1898 crop, Zimtne/’s,
13@143^c.; 200 cases 1893 crop, State Havana, 4@7c.; 100 cases
1892 crop, Wisconsin Havana, ll@ 1 3 c.; 50 cases 1892 crop,
Pennsylvania seed leaf, 9j^@10c.t and 150 cases sundries,
4%@16c.; also 750 bales Havana, 65c.@$1 05, and 260 bales
Sumatra, 67J^c.@$3 90 in bond.
There has been very little activity to the speculative dealings
in the markets for Straits tin and prices have further declined
in response to easier foreign advices, closing easier at 14*lOo
Ingot copper has also eased off a trifle, but the close was
steady at I0,50@10*60c. for Lake. Lead has made a slight ad­
vance and the close was firm at 3 30@3 32^c. for domestic.
Spelter has advanced, closing strung at 3 75@3’80c. for do­
mestic. Pig iron has been steady, closing at $10@$12 50 for
domestic.
Refined petroleum has continued to decline, closing dull at
7*65c. in bbls., 5’15c. in buik and 8c. in cases; crude in
bbls. has been nominal; naphtha, 9c. Crude certificates have
further declined, closing at $t 46 bid. Spirits turpentine has
been easier, closing dull at 29@29J£c. Rosins have declined,
closing easy at $ l 52]^@$1 55 for common to good strained
W ool has been in better demand for foreign ¿¡grades and
steady. Hops have been dull and easy.




Slnoe Sept. I 7801,23115839,969 4930,402 6987,712 6811,216 5771,298

The exports for the week ending this evening reach a total
of 82,234 bales, o f which 23,459 were to Great Britain, 549
to France and 33,223 to the rest of the Continent. Below are
the exports for the week and since September 1,1894.
Exports
from —

From Sept. 1,1894, to Jv/ne 7 . 1895
Week Ending June 7.
Exporte > to—
Exported, to—
Conti­
Conti­ Total Chreat
Great
Total.
Brit’n. France nent. Week. Britain. France nent.

Galveston.......

5,850

New Orleans..
Mobile & P en.
Savannah.......
Brunswick......
Charleston*...
W ilm ington..,
N orfolk...........
West P o in t....

4,180

New Y ork .......
Baltimore........
Phlladelp’a ...

245
6,111
4,755
1,137
4,181

5,850
196
190
13,966 18,143
3,775

3,775

531

534

245
549 10,449 47,109
4,755
9,303 10,443
1,181

807,157 212,413
854,789 457,122
89,245
63,132 27,100
74,745
254,585 18,791
55,044 4,100
140,393
70.871
33.072
440,948 39,639
266,923
105,081 7,155
53,033

323,695 1,343,265
57,704
57,704
031,870 1,973,787
31,120 120,365
447,085 537,377
28 049 103,394
213,803 486,979
133,232 197,430
44,225 184 618
36,287 107,158
33,072
270,692 751,279
2,557| 209,483
154,321 200,557
19,150
77,189

549 38,226 62,234 3,314,027 708,440 2,429,190 6,609,063
T otal............. 23,459
Total, 1893-94. 15,791 5.159 17.180 38,138'2,?84.570 582 254 1.603 0*8 4.969.9Q2
* Including Port Royal.

THE CHRONICLE,

1014

[V ol. LX.

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. "We add similar figures foi
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED—FOR

June 7 at—

New Orleans...
S avannah......
Charleston.....
M obile. . . . . . . . .
N orfolk. . . . . . . .
Other p orts....

Great
Other Coast­
Britain. France. Foreign wise .

12,114
3,741
None.
None.
2,000
800
4,200
4,000

3,160
None.
None.
None.
None.
None.
400
None.

6,171
972
None.
8,700
None.
None.
5,100
5,000

Leaving
Stock.

Total.

1,433
736
None.
None.
None.
2,341
None.
None.

124,279
7,944
16.998
19,962
8, <81
17,049
203,386
33,266

22,878
5,449
None.
8.700
2,000
3,141
9.700
9,000

Total 1895...

26,855

3,560 25,943 , 4,510

60,868

430,965

Total 1894...
Total 1893...

13,649
14,117

None. 16,712
4.850 21,549

8,348
4.676

38,709
45,192

381,367
401,164

Speculation in cotton for future delivery at this market has
been moderate. The general trading public appeared unwill­
ing to enter upon new ventures, and local operators were as
a rule content with small deals for quick turns. The market
has responded most readily to stimulating factors. On Sat­
urday there was a loss of 9 points in consequence of im­
proved weather reports and apparent selling for account of
New Orleans holders of long engagements. During Monday
there was an additional decline of 9 points at the opening,
but upon the appearance of few buying orders quick recov­
ery developed, with 2 points net gain shown at the close. On
Tuesday morning 9@10 points further advance was stimulated
by advices from Liverpi ol, where, after the Whitsuntide hol­
idays, the market opened better than anticipated by our local
operators, but local longs attempting to realize modified the
gain to 5 points net. Wednesday buying orders were mod­
erate, affording the local bears an opportunity to raid the
market and sweep off about 10 points, which was promptly
recovered yesterday upon the issue of the F in a n c ia l C h r o n ­
ic l e ’ s acreage statement. The figures of the C h r o n ic l e were
very generally accepted as showing careful conservative
preparation, and the indicated reduction in yield strength­
ened the tone of the market. To-day in the absence of ad­
vices from Liverpool (holiday) operators were careful, but a
pretty steady tone prevailed and rates averaged above last
evening. Cotton on spot was quiet at 7 ^ c . for middling up­
lands.
The total sales for forward delivery for the week are 765,800
bales. For immediate delivery the total sales foot up this weet
8,814 bales, including — for export, 1,214 for consumption.
— for speculation and 7,600 on contract. The following ar
the official quotations for each day o f the past week—
June t to June 7.
Bates on and off middling, as established Nov. 22, 1898,
by the Revision Committee, at which grades other than
middling may be delivered on contract:

^
00 to OS
A©
a
1 «à.®:

< 10

S a t.

Good O rd in a ry .....................
Low Middling............................
M iddling....................................
Good Middling..........................
Middling Fair............................

6is
6i3ie
7k
7016
8i*

GULF.
Good O r d in a r y .....................
Low Middling............................
Middling .. ...............................
Good Middling.................
Middling Fair............................
STAINED.

M on T ues W ed T h .

61«
6*8
6k
613le 613ie 61*16
714 7 k
7»ie 7016 1916
81-8
8k
8k
S a t. M o n T u e s W e d
63s
7iie
7*3
7 ls16
83s

714

6*8
71,6
7ifl
838

638
7116
7k
713l6
83g

6k
7k«
7k
7i*i
83s

6k
61*16
7k
I80’
k8

Th.

F ri

830

Sat. M o n T u e s W e d T h ,

Low M iddling......................... . 5 k
578
578
Middling..................................... 6i3ie 613le 61*16
Striot M iddling......................... 7I s2 713‘i 713v
Good Middling Tinged............. 714
744 7 k
MARKET AND SALES.

5k
6i*ie
7 lsa
7k

5k
61316
7 isa
7k

Sat’d a y . Dull at lm dec..
Monday D ull....................
Tuesday Dull....................
Wed’dayQuiet
Thur’d’y Quiet
Friday..'Quiet

Oon- Spec- Oonsump, u t’t’n tract.

Total.

7,600

7,702

102

fl>
:

-4-4

Sales of
Futures

118.300
131.300
128,800
141,200
115,400
130,800

h

f i : ?

© vj
® 05
©

£'

>

I I

ORS
O

1 1 osi
1%:
I I

1

■

li ;

>
11 ois 1 1
1 a: ? 1 d

?

>

-4 -4 0 -4

Cow®

►

1 1 ois
1a : ?

1 1 mi
1d : :

I I

I I:

-4 -4 0 -4
ià w ® bô
^ CO ©

"î

$
O*
s

CO 1

^

i t qg S© «3
I@ :

<§
Ia ?
»0
<1 I ©<1
t i

F r i.
5k
6l3i«
71'2
7k

• ?l

I:

63s
71l«
7k
71316
8*8

SALES OP SPOT AND CONTRACT.

E xp ort.

a:

©

03

>

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

1

F it

6k
61*16
7k
7»16
8k
63s
7116
7k

m

05©

A v ’ g e ..-

UPLANDS.

K
«

. a I : ?

-4 -4 0 -4

—
7*29—

f\
« 1

On this basis the prices for a few of the grades would be
fol’ows:

-4 -4 0 -4
ww® w
MA
M
A v ’ g e . .-

1 *8 off
Even
788 <ft
7(8 oft
29S2 oft
138 ofl

-4-4 0 - 3
-9 -4 0 -4
fcò tÔ^ fcÔ m W ® ta
c o © 0 1 00 0
w
b»
-4-4 5
-4-4 ¡J
WtO OQ
S S <w
MW ‘g
1 ô i»;
T $ .x :
-4 -4 0 -4 -4 -4 0 -4
tâ w ® w
coto
MA 0
te

— -a ’
7 -3 5 —

on. Good Ordinary.............c.
F a ir ..............................o. I k
Middling F a ir.............. . k on. Good Middling T in ged...
Strict Good Middling....... k on. Striot Middling Stained..
Good Middling.................. b16 on. Middling Stained.............
Strict Low Middling........ 3m ofl. Striot Low Mid. Stained..
Low Middling............... . 7m off. Low Middling Stained....
Striot Good Ordinary.......
(Oft.

^ 1 -4 0 -4
COCO® 00
HbO ©

«

-4-4

<

COW

go*

I sài»;
os
W*-® u

• S I - J O 'l
cu W

►

1 1 ois
1â : :

Kl

1 1 01}
il

1a :

*

I I

►
►
►
►
►
iIS 11 ois
ois 11 ois 11 ois 11 O
: 1 € > 2 ; 1 di : 1 d: : 1 d: ;

I I

I I

I I

* Includes sales in September, for September, 28,100; SeptemberOctober, for October. 229,600; Septemoer-November, for November,
413,600; September-December, for December, 1.162,00»; SeptemberJanuary, for Jai uary, 3,175,3 < ; September-Februarv, for FeDruary,
9ul.9oo; September-Maroh, for March, 4,373,lo o ; September-April,
for April, 620,2»«.; September-May, for May, 4,554,500.

The following exchanges have been made during the w eek;
•03 pd. to
•02 pd. to
•11 pd. to
•07 pd. to
•18 pd. to

exch.
exch.
exch.
exch.
exch.

100 Sept, for Oct.
400 Aug. for 8ept.
100 Aug. for Dec.
100 Aug. for Oot.
400 June for Deo.

•06 pd. to exch.
07 pd. to exch.
•13 pd. to exch.
•04 pd. to exch.
07 pd. to exch.

200 Aug. for Oot.
100 June for Aug.
1,500 Aug for Deo.
200 Aug. for Sept.
100 June for Aiig.

T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns
Total. I.......... .
1,214
7,600 8,814 765,800 and consequently all the European figures are brought down
o Thursday evening. But to make the totals the complete
T h e S alss and F kiües o f F utures are shown b y the figures for to-night (June 7), we add the item of exports from
following comprehensive table,
the United States, including in it the exports o f Fridav only




238
247
627

•238
247
627

1015

THE CHRONICLE.

J une 8, 1895.]

1895
1894.
1893
1892
Stock at Liverpool........ bales. 1,642,000 1,552,000 1,563,000 1,644,000
Stock at London.......................
7,000
6,000
5,000
9,000
Total Great Britain stock. 1,649,000 1,558,000 1,568.000 1,653,000
16,000
3,400
3took at H a m b u r g .............
23,000 28,000
Stock at B rem en ..................
312,000 175,000 160,000 143.000
18,000
26,000
Stock at Amsterdam...............
18,000
15,000
300
200
Stock at R otterd am ...............
200
200
10,000
7.000
Stock at A n tw e rp ....... . . . . . . .
15,0oo
16,000
Stock at Havre.......................... 454,000 427,000 393.000 443.000
7,000
8.000
Stock at Marseilles..................
5,000
7,000
98.000
Stock at B a r c e lo n a ............
109,000 87,000 109.000
20,000
18.000
59,000
21,000
Stock at Genoa..........................
22,000
31,000
Stock at Trieste . . . . .............
2 0 ,0 0 0
29,000
Total Continental stocks. -1,015,200 805,200 755,300 777,600
Total European stocks . . . . 2,664,200 2,363,200 2,323,300 2,430,600
tndiacotton afloat for Europe. 200.000 180,000 171,000 293,000
Amer, oott’ n afloat for Europe. 158.000 112,000 131,000 136,000
19,000
25,000
55,000
31,000
Egypt, Brazil,&o. ,afltf or E’r’pe
Stock in United States ports.. 491,833 420,076 446,356 637,228
86,421
112,131 187,899 218,864
Stock in U. 8. interior tow ns..
6,954
3,602
2,562
9,982
United States exports to-day.
Total visible s u p p ly ....... 3,626,408 3,216,009 3,317,117 3,756.674
Of the above, totals of American and other descriptions are as follows:
Liverpool stock............. bales. 1,522,000 1,313,000 1,294,0001,425,000
Continental stocks. . . . . . . . . . . . . 935,000 651,000 632,000 599,000
Ara^rioan afloat for E urope... 158,000 112,000 131,000 136,000
United 8tates stock.................. 491,833 420,076 446,356 637,228
United States interior stocKS..
86,421
112,131 187,899 218,864
United States exports to-aay.
6,»54
3,602
2,562
9,982
Total A m e r ic a n ............ 3,200,208 2,611,809 2,693,817 3,o26,074
East Indian, B razil, die. —
120,000 239,000 269,000 219,000
Liverpool s t o c k ................
London stock .............
7,000
6,000
5,000
9,000
Continental stooks.. . . . . . . . . . . .
80,200 154,200 123,300 178,600
India afloat for Europe..........
200,000 180,000 171,000 293,000
Egyp j, Brazil, &c., afloat........
19,000
25,000
55,000
31,000
Total East India, &o.......... 426,200 6<>4,200 623,300 730,600
Total American................... 3,200,208 2,611,809 2,693,817 3,026,074
Total visible supply.......... 3,626,408 3,216,009 3,317,117 3,756,674
3V I.
4 k «d.
4kd.
Middling Upland, Liverpool..
4kd.
7 l3 u o.
Middling Upland, New York..
7ko.
7ko.
7 ko.
5d.
6 9 ied ..
Egypt Good Brown, Liverpool
5kd.
5 * 8 d.
5kd.
5 1 1 16 d .
6kd.
6 k d.
Peruv. Rough Good, Liverpool
4 3 lt d .
3kd.
4 5i e d .
Broach Fine, Liverpool..........
4 lifd
3 H ia d .
3 i5 le d .
Tinnevelly Good, L iverpool..
4kd.
4 l la d.

Jt5F" The imports into Continental ports the past week have
been 40,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 410,399 bales as compared with the same date
of 1894, an increase of 309,291 bales over the corresponding
date of 1893 and a decrease of 130.364 bales from 1893,
a t t h e I n t e r io r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893-94—is set out in detail below.

QUOTATIONS FOR MIDDLING (JOTTON AT OTHER MARKETS.—

Below we give closing quotations of middling cotton at South­
ern and other principal cotton markets for each day o f the w eek.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—

Week ending
June 7.

Satur.

Mon.

Tues.

Wednes.

Thurs.

Galveston...
New Orleans
Mobile.........
Savannah...
Charleston..
Wilmington.
N orfolk......
Boston____
Baltimore..
Philadelphia
Angusta___
Memphis....
8t. L o u is ....
H ou ston ....
Cincinnati..
Louisville...

6k
7
6k
6k
6k
6k
6k
76l6
73ie
7®ie
7
6k
6k
6k
7k
7

6k
7
678
6k
6 k »k
6k
6k
7k
7316
7k
7
6k
6k
6k
7k
7k

6k
7
6k
6k
6k
6k
6k
7k
73ie
7k
7
6k
6k
6k
7k
7k

6k
7
6k
6k
6k
6k
6k
7k
73ie
7k
7
6i516
6k
6k
7k
7k

6k
7
6k
6k
6k
6k
6k
7k
73ie
7k
7
6i5ie
6k
6k
7k
7k

Fri.
6k
7
6k
6k
6k
6k
6k
7k
7318
7k
7
e «w

6k
6k
7k
7k

The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Newberry____
Atlanta..........
6k
6 k Little R o ck .... 6 k
7
R aleigh..........
Columbus, Ga.
6 k Montgomery... 6 k
Selma..............
7
6k
Columbus, Miss
6 k Nashville........
6i3ie Shreveport,...
6»i«
Eufaula..........
6 k Natchez.........
R e c e ip t s f r o m t h e P l a n t a t io n s .— The follow ing table

indicates the actual movement each week from the plantations.
Ihe figures do not include overland receipts nor Southern
consumption; they are simply a statement o f the weekly
movement from the plantations o f that part o f the crop which
finally reaches the market through the outports.
Week
Receipts at the Ports. St’k at Interior Towns. Rec’ptsfrom Plant’ns
Ending—
May 3. ..
“
10.......
** 17.......
“
21.......
“ 31......
June 7.......

1893.

1891.

1895.

1893.

1894.

1895.

30,988
30,150
32,625
25,359
25,588
25,290

38,823
27,850
21,601
21,602
12,208
18,697

56,937
11,900
30,565
29,065
29,020
19,829

259.203
213,086
229,525
213,479
201,857
187,899

170,936
155,917
147,049
131,195
123,963
112,131

165,978
148,553
137,322
111,859
101,628
86,421

1893.

1894.

1895.

9,874 24,811 36,274
14,033 12,831 24,175
19,064 12,736 19,334
9,313 9,048 6,602
13,964 1,676 15,78»
11,338 6,865 4,622

The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, 1894, are 7,830,317 bales; in
1893-94 were 5,375,934 bales; in 1892-93 were 4,989,667 bales.
2.—That although the receipts at the outports the past week
were 19,829 bales, the actual movement from plantations was
only 4,623 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 6,865 bales and for 1893 they were
11,388 bales.
O v e r l a n d M o v e m en t

fo r the

W

e e k a n d s in c e

S e p t . 1.—

We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending June 7
and since Sept. 1 in the last two years are as follows;
1894-95.
June 7.

<3
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* Louisville figures “ n et” in both years,
t This year’s figures estimated,
i Last year’s figures for season to date revised.

3,109
1,534

Via Louisville,... . . . . . . . . . . . . . .
Via C incinnati...... . . . . . . . . . . . .
Via other routes, &o...................

3,161
280
946

TFeefc.

äinct
Sept. 1.

914,144
329,924
545
3,817
187,909
175,702
136,961

2,599 t597,501
831 227,818
13,733
30
7,369
2,434 122,206
767 102,735
589 125,022

9,030 1,749,002

7,250 1,196,384

Overland to N. Y., Boston, & c..
Between inteiior to w n s .........
Inland, &o„ from S o u th .........

6,426
27
267

553,542
30,496
73,956

1,304
38
1,219

Total to he deducted.............

6,720

657,994

2,561

412,137

2,310 1,091,008
4,689
Leaving total net overland*..
* Including movement by rail to Canada.
t Revised.

784,247

Total eross o v e r la n d ..........
Deduct shipm ents—

291,175
21,736
99,226

The foregoing shows that the week’s net overland movement
this year has been 3,310 bales, against 4,639 bales for the
week in 1894, and that for the season to date the aggregate net
overland exhibits an excess over a vear ago o f 306,761 bales.

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Via St. L o u is .................. .
Via Cairo...................................
Via H a n n ib a l..... . . . . . . . . . . . . . .

Since
Sept. 1.

1893-94

I n Sight and Spinners ’
Takings.

1894-95.
Week.

Since
Sept. 1.

1893-94
Week.

Sines
Sept. 1.

fs i

Receipts at ports to June 7 ..........
Net overland to June 7 .................
Southern consumption to June 7.

2 *
s j?

32,139 9,541,239 31,386 7,227,216
Total marketed.............. .
29,086 *11,832
35,965
Interior stocks in excess ............. *15,207
Came Into sight during week.
Total in signt June 7.............
North’n spinners tak’ gs to June 7.

19,829 7,801,231 18,697 5,839,969
4,689 784,247
2,310 1,091,008
8,000 603,OC0
10,000 649,000

16,932

9,570,325

2,804 1,979,908

19,554

7,263,181

7,558 1,459,311

* Decrease during week.
The above totals show that the interior stocks have decreased,
It will be seen by the above that there has^ come into sight
during the week 15,207 bales and are now 25,710 bales less
than at same period last year. The receipts at all the towns during the week 16,933 bales, against 19,554 bales fo ' the
have been 6,212 bales less than same week last year and sine» same week of 1894, and that the increase in a-nount in sight
8ept. 1 are 1,825.403 bales more tuan for same time in 1893-91. to-night as compared with last year is 3,307,144 bales.




1016

THE CHRONICLE.

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 —Our telegraphic ad­
vices from the South this evening are of a somewhat more
favorable character. The temperature has bean quite satis­
factory generally, and as a result the cotton plant is showing
improvement iju many localities. The precipitation has been
light as a rule, and in sections of Mississippi, Arkansas and
Tennessee moisture is claimed to be needed.
Galveston, le x a s. —It has rained on one day of the week,
■the rainfall reaching twenty-seven hundredths of an inch.
The thermometer has averaged 80, the highest being 87 and
the lowest 73.
Palestine, le x a s . —W e have had one shower the past week,
the precipitation reaching one hundredth of an inch. The
thermometer has averaged 75, ranging from 6D to 90.
Huntsville, Texas.— No rain all the week. The thermome­
ter has ranged from 60 to 92, averaging 76.
Dallas, le x a s . —Crops need working badly in some parts of
the State, as the rain kept the ground wet and caused weeds
and grass to grow rapidly. The weather is now favorable for
cotton and prospects are improving. There has b een rain on
one day of the past week, the precipitation reaching three
inches and nine hundredths. Average thermometer 74, high­
est 92, lowest 56.
San Antonio, Texas.—W e have had rain on three days of
d;he week, the rainfall being twenty hundredths of an inch.
The thermometer has averaged 75, the highest biing 90 and
the lowest 60.
Luling, Texas.—Rain has fallen on two days of the week,
to the extent of fifty hundredths of an inch. The thermom­
eter has averaged 76, ranging from 60 to 92.
Columbia, Texas.—W e have had rain on one day of the
week, the rainfall reaching twenty-five hundredths of an
inch. The thermometer has ranged from 62 to 92, averag­
ing 77.
Cuero, Texas.—There has been rain on one day during the
week, to the extent of two hundredths of an inch. Average
thermometer 79, highest 96, lowest 62.
Brenham, Texas.—W e have had rain on one day during the
week, to the extent of seventy hundredths of an inch. Tne
thermometer has averaged 78, the highest being 92 and the
lowest 64.
Belton, Texas.—It has rained on tvyo days o f the week, the
precipitation reaching sixty-nine hundredths of an inch. The
thermometer has averaged 78, ranging from 62 to 94.
F ort W orth, le x a s . —There has been rain on two days of
the week, the rainfall reaching one inch and twelve hun­
dredths. The thermometer has ranged from 56 to* 91, aver­
aging 74.
Weatherford, Texas.—Rain has fallen on three days of the
week, the rainfall reaching one inch and five hundredths.
Average thermometer 73, highest 90 and lowest 56.
New Orleans, Louisiana.—It has raiaed on five days of the
week, the rainfall reaching thirty-three hundredths of an
inch. The thermometer has averaged 80.
Shreveport, Louisiana.—There has been rain on one day of
■the week, to the extent of one hundredth of an inch. The
thermometer has averaged 79, ranging from 63 to 94.
Columbus, Mississippi.—There has been no rain during the
week. Moisture is needed on sandy lands, but there have
been local showers this week in the prairies. The thermome­
ter has ranged from 54 to 100, averaging 82.
Leland, Mississippi.—The week’s rainfall has been one inch
and thirty hundredths. Average thermometer 77’3, highest
”92 and lowest 60.
Meridian, Mississippi.—Rain has fallen on one day of the
week. The thermometer has averaged 80, the highest being
95 and the lowest 64.
Little Rock, Arkansas.—W e have had rain on one day dur­
ing the week, the precipitation reaching twenty-four hun­
dredths of an inch. The thermometer has averaged 78,
ranging from 62 to 94.
Helena, Arkansas.—There has been no rainfall here all the
week, but five miles away good rain3 have fallen. Cotton in
this neighborhood needs moisture. The thermometer ha 3
xanged from 60 to 94, averaging 78.
Memphis, Tennessee.— It has been dry all the week, but
there has been light rain in the neighborhood. Crops are suf­
fering from drought. Average thermometer 81*6, highest 98
and lowest 62 5.
Nashville, Tennessee.—There has been rain during the week
to the extent of thirty-six hundredths o f an inch. The ther­
mometer has averaged 78'5, the highest being 96 and the
lowest 61.
Mobile, Alabam a.— Crop reports are improving.
The
weather has been warm, with showers on four days of the
week, to the extent o f ninety-eight hundredths of an inch.
The thermometer has averaged 80, ranging from 72 to 96.
2 Montgomery, Alabama.—The weather has been warm and




I V o l . I .X .

dry during the past four days, but on the preceding three days
rain fell to the extent of twenty-two huaareithsof an inch.
Cotton is doing very well. Tne thermometer has ranged
from 71 to 92, averaging 82.
iSelma, Alabama.—W e have had rain on three davs of the
week, the rainfall reaching two inches and seventy-hun­
dredths. Farm work has been interruoted by rain. Average
thermometer 79, highest 93 and lowest 63.
Madison, F lorida.— Rain has fallen on one day of the week
to the e x rent of forty-hundredths of an inch. The thermom­
eter has averaged 83, the highest being 94 and the lowest 69.
Columbus, Georgia.—W e have had rain on one day of the
week, to tbe extent of sixty-three hundredths of an inch.
The thermometer has averaged 82, ranging from 67 to 93.
Savannah, Georgia.—There has b?en rain on one day dur­
ing the week, the rainfall reaching two hundredths of an
inch. The thermometer has ranged from 63 to 98, averaging
83.
Augusta, Georgia.—Thsre has been rain on two days o f the
week, the precipitation being eleven hundredths of an inch.
Average thermometer 83, highest 100 5 an i lowest 67.
Albany, Georgia.—There has been no rain during the past
week and moisture is badlv needed. Average thermometer
83, highest 95 and lowest 72.
Charleston, South Carolina.—It has rained on one day of
the week, the rainfall being seven h under d r.hs of an inch.
Average thermometer 82, highest 97, lowest 71.
Stateburg, South Carolina.—It has been very hot most of
the week, but rain on Wednesday night cool Jd the atmos­
phere. The rainfall has been sixty-one hundredths of an
inch. Warmer weather has helped crop?. Tne thermometer
has ranged from 69 to 97, averaging 83 6.
Greenwood, South Carolina.—Cotton is growing finely. W e
have had rain on one day of the week, the precipitation reach­
ing five hundredths of an inch. The thermometer has aver­
aged 84, the highest being 97 and the lo west 71.
W ilson . North Carolina.—Telegram not received.
The following statement we hav - also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock June 6, 1895, and June 7, 1894.
June 6, ’95

J une 7, ’94.

Feet.

Feet.

New Orleans.......
Memphis.............
Nashville.............
Shreveport. . . . . . .
Vicksburg............

4-7
75
4*0
44
10-0

9*3
17-8
3-5
10 7
24-2

J u t e B u t t s , B a g g in g , & c.—Jute bagging has been dull the
past week, but prices are nominally unchanged at 4J^c. for 1%
los., 4 ^ c. for 2 lbs. and 4%c for standard grades in a jobbing
way. Car-load lots of standard brands are quoted at 4 ^ c .
for 1% lb3.*, 4 % nj. for 2 lb3. and 5c. for 2!^ lbs. f. o. b. at New
York. Jute butts are very quiet at lj^ o. for paper quality
and l ^ c . for mixing and l% c. for bagging quality. The de­
liveries of jute butts and rejections at New York and Boston
during May were 34.493 bales, against only 12,293 bales for
the sam9 month last year, and since January 1 the deliveries
reached 287,528 bales, against but 115,420 bales in 1894. The
aggregate stock in the hands of importers a id speculators at
New York and Boston on May 31 was nil. a g a in t 6,000 bales
at the corresponding date in 1894, and the amount afloat for
theUnited States reaches 112,789 bales, agaiast 75,633 bales
last year.
I n d ia C o t t o n M o vem en t F r o m a l l P o r t s .— The receipts
and shipments o f cotton at Bombay have been as follows for
the week and year, bringing the figures down to June 6.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEVRS.

S ixpmenis this week.

*<Af Great OontiB rit’n. nent.

Shipments sin ce Sept. 1.

Great
Total. Britain

•94-5 2,000 48,000 50,000
53,000 53,000
.93-4
,92-3 1,000129,000 30,000
,91-2 8,000 30,000 38,000

24,000
44,000
38,000
66,000

Oontinent.

373.000
704.000
706,000
749,000

Receipt*

Total.

This
Week.

Since
Sept. 1.

397.000
748.000
744,000
815,000

70,000
48 000
57.000
69 000

1.314.000
1.531.000
1,557,000
1,546,000

According to the foregoing Bombay appears to show
an increast compared with last year in the week’s receipts of
22,000 bales and a decrease in shipments of 3,00C bales, and
the shipments since Sept. 1 show a decrease of 351,000 bales.
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st o f September, for two
veais, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
Shipments fo r the week.
Great
Britain.

Calcutta
1894-95...
1893-94...
Madras 1894-95...
1893- 94...
All others—
189495...
1893-94...
Total all—
1894-95...
l«93-94...

......

Conti­
nent.

4,000

Total.

4,000

__

Shipments since Sept ,
Great
B ritain.

Continent.

6,000
20,000

22,000
59,000

28,000
79,000

6,000
23.000

10,000
17.000

16,000
40.000

Total

4,000
5,000

4,000
5,000

16.000
25,000

69.000
57,000

85.000
82,000

4,000
9.000

4,000
9,000

28,000
68,000

101,000
133,000

129,000
201,000

The above totals for the week show that the movement from
the ports other than Bombay is 5,000 bales less than the same

THE CHRONICLE.

J une 8, 1895. |

week last year. For the whole of India, therefore, the total
shipments since September 1,1894, and for the corresponding
periods of the two previous years, are as follows:
KXPOBT8 TO EUROPE FROM ALL INDIA.

1893-94.

1894-95.

Shipment!

1892-93

10 all Europe

from—

Thit
week.

Since
Sept. 1.

Bombay...........
All other porte.

50,000
4,000

397.000 53,000
9,000
129.000

748.000 30,000
5,000
201.000

744.000
131.000

T otal.. . . . .

54,000

526,000 62,000

949,000 35,000

875,000

A l e x a n d r ia R eceipts

Thie
week.

Since
Sept. 1.

Thie
week.

Since
Sept. 1.

Shipm ents .— Through arrange­

an d

ments we have made with Messrs. Davies, Benachi & Do. of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week o f the previous two years,
Alexandria, Egypt,
June 5.

Receipts (cantars*)....
This week....
Since Sept. 1.

Exports (bales)—
To Liverpool........
To Continent...........

1894-95.

1893-94.

1892-93.

4,534,0o5

5,000
4,959,000

5,129,00U

This Since Thie Since
week. Sept. 1. week. Sept. 1.

Thit Since
week. Sept. 1.

2,000 292.000
1,000 267.000

5.000 287.000
8.000 298.000

4.000 265.000
5.000 321.000

Total Europe........ 9,000 586,000
* A cantarla 98 pounds.

3,000 559,000 13,000 585,000

This statement shows that the receipts fo r the week ending
June 5 w e r e ------ cantars and the shipments to all Europe
9,000 bales.
M a n c h e s t e r M a r k e t . —Our report received by cable to­
night from Manchester states that the market is steady for
yarns and quiet for shirtings on account of the holidays.
W e give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1894.

1895.
82« Oop.
d.

a.

5«8 »638
508 8638
51116®638
5% ® 6 b .
'5131 8 ® 6 12
518^g 9 6 ' s

Mid. 32s Oop.
Twitt.
TTplds
*

8*4 Ibi.

Twitt.

May 3
“ 10
« 17
“ 24
“ 31
J’ne 7

Oott’n

Shirting».
8. d

4
4
4
4
4
4

3.

2 ®6
2 ®6
21906
3 ®6

d.

2
2
3
3
31986 4
3i9®6 4

D om estic E x p o r t s

op

d.

d.

d.

3193a 6 0 6 78
3«8 631807l8
323,2 ........... Hol
3 fs » 6 0 6 78
37e 61,8®678
3 78 6ie ®6l5ie

Oott’*
Mia
XTpl

8H lbs.

Shirtingt
fl. <1.

s

4 10*9 » 6 11
4 10*9 » 6 10
i d a v _______
4 1Ò « 6 9
4 10 0 6 9
4 IOI9 S 6 9

315le
31°16
4
4!l6
ih «

C o tto n M a n u f a c t u r e s . —Through

the courtesy of Mr. W . C. Ford, Chief of the Bureau of
Statistics, we have received this week a statement showing th e
exports of domestic cotton manufactures for April and for
the ten months ended April 30, 1895, with like figures for the
corresponding periods of the previous year, and give them
below:
Quantities of Manufactures of Cot­ Month ending Apr. 30. 10 mos. ending Apr. 30.
ton (colored ana uncolored)
1894.
1895.
1895.
exported to—
1894.

United Kingdom.................. yards
Germany.............................. “
Other countries In Europe.... “
British North America......... “
Mexico.................. .............. “
Central American States and
British Honduras.............. “
Cuba..................................... “
Puerto Rico.......................... “
Santo' Domingo..................... “
Other West Indies............... “
Argentine Republic.............. “
Brazil ................................... “
United States of Colombia... “
Other countries in S. America *'
China..................................... “
Brit. Posses’ns in Australasia “
British India and East Indies “
Other countries in Asia and
Oceanioa............................ “
Africa................................... i*
Other countries..................... "

1,298,857
59,243
28,098
289.022
720,858
1,255,261
27,1( 9
7,190
169.375
1,300,230
55,539
891,484
301,315
1.097,648
1.320,462
95,943
694,200
1,467,483
86,772
225,000

415.875
331,521
502
112,074
219,813
204,583
894.994
39,901
9,670
614,722
827.897
147,122
1.830.086
262,009
1.047.340
6,415.609
23.682
417,000

8.529,817 7,928,328
1,911.978 1,401,802
1,-292
133,315
384.257
501.909
5.6W0.070 15.913.:'48
5,034 868 3,934,962
11,420.023
186,454
201,470
1,280,305
11,079.120
1.683.760
20,814.890
4.356.597
18 937,440
24.961,099
• 419.200
5,249,620

244,226 7.768.019
839,218 7,198,494
336,750 11,395,250

5,741.033
410.541
263,9 -3
4.333.828
11,790.450
3.740,263
10,066,449
2.410 012
10.418,744
42.231,970
400.024
5.514,292
4,974,875
3,306,526
7.081,415

W e a t h e r R e co rd f o r M a y . —Below we give the ther­
mometer and rainfall record for the month of May and pre­
vious months of this year and the two preceding years. The
figures are from the records of the Weather Bureau, except
at points where they have no station, and at those points they
are from records kept by our own agents.
Thermometer
VIRGINIA
Norfolk.—
H ighest...
L ow est...
Average..
N .C A R ’L A .
WilmingtonH ig h e st..
L ow est....
Average...
Weldon.—
H ighest...
L ow est....
Average*..
Charlotte—
H igh est...
L ow est....
A verage...
Raleigh—
H ighest....
L ow est....
A verage...
Storgantcn —
H igh est...
L o w e st....
A vera ge...
3. CA R O L ’A
Charleston.—
H igh est...
L o w e st....
A vera g e...
Stateburg.—
Highest....
L ow est....
Average..
Columbia—
Highest.,..
L ow est....
A v e ra g e ..
Evergreen—
Highest....
Lowest .
A verage...
Greenwood—
H igh est.
L o w e s t....
A vera g e...
GEORGIA.
Augusta.—
H ig h e st...
L o w est....
A verage..
Atlanta.—
H igh est...
L o w est....
A v era g e...
Savannah.—
H igh est..
lo w e s t ....
A verage...
Columbus.—
H igh est...
L o w est....
Average..
Forsyth.—
H ighest...

February.

March.

1895. 1894. 1893

1895. 1894. 1893

68-0 74-< 70V
2-0 2LM 23V
32-0 43’( 42V

76V 88-0 78V
29V 24V 24-0
47V 52-5 400

840 86-0 87V
39-0 87V 40V
68 0 56*1 60V

90V 93V 90*0
4 VO 49V 490
610 09V 60-0

71-0 76-1 70V
10*0 25m 81V
37-4 60-1 52-1

82V 87V 76v
29-0 27-0 20V
53-3 00V 54V

81V 84V 89-0
37-0 41'( 440
61V 02-1. 66-8

96-0 90V 87V
47-0 49‘( 50V
03V 70-0 69V

70-0 72.1 73v
3-0 20'( 21V
3L’2 43m 43V

84V 87V 79-0
20-0 23V 23-0
48*2 54-7 40-8

83-0 85-0 89-0
32-0 .32-1 340
57-1 57V 61V

97-0 95-0 91V
40V 453 41V
0V0 09*1 66*y

69-0 09-(
1-0
32-9 45’(

07V
26V
45v

84v 85V 77-0
2iV 20V 18V
19-2 560 50-0

810 80-0 89V
3 IV 35-( 390
58-4 £96 03-0

97-0 92-(
41V 41V
05V 71V

90V
41V
07V

71*0 71V
4-0 18V
320 45V

72v
2 IV
43V

85-0 89-0 78-0
25V 21V 21V
49-0 50-0 48-2

85-0 86-0 9IV
330 34-0 37 0
57-0 53V 02-7

93-0 92V
4 IV 21V
05V 70*

90V
45V'
66-1

53-0 50V
2-0 12V
284 34*1

64V
18V
89V

75V 750 08-0
25-0 20V 18V
44-8 49-1 43-1

74-0 80V 77V
3rtV 82-0 29-0
554 490 00*4

85-0 82V 82V
40-i 33V 45V
00-9 00-8 61 £

84V 76-0
32-0 20-0
01-0 66-0

82-0 86V 87-0
45V 440 50 V
01-0 05-0 08-0

890 89V 88-051V 45V 54V
70-2 72m 72V

75-0 73-0 78v
9-0 28V 33-'
37-3 49*1* 60'1

85 0 87V 81-5
30-0 20-0 21-5
54-2 00-4 53V

82-0 80V) 88-5
38-0 39-0 43V
019 63-0 «7 1

93-0 91V 93 0
40-0 44V 49V
07-9 71-0 70 4

75-0 750 74V
8-0 22-0 39 C
37*3 50-8 5lv

85V 90V 825
28-0 25V 20-1
54'3 00-4 54*4

S50 95V 91V
37-0 38-< 40V
01-9 0J-0 09-2

98V 95V 95V
43-0 40-0 47*8
69-2 72V 71-2

74-0 72 V 73V
—0-0 10V 82V>
34-2 45-5 44-0

84-0 80V 79-0
24V I8V 20-f
50-9 56*3 53-2

84-0 89-0 88-0 90-0 90V 93V
28-0 31V 34*I| 35 0 40-0 40V
59-1 59 1 04-5 7J"0 08V 670
80 0
36 0
0V 0

Aggregate value of all cotton goods




If

$300.252
129 087
8.320
75 778
949,514
116,732

11,723
3,615
98
24*
0,656
230
9,010
2,464
3 470
271
8,006
05

9,527
5,502
802
31)
4.273
830
10,068
2,407
2,920
317
7,021

125 391
38.221
3.747
6,331
59,101
14,442
9-V-29
29,521
49.026
11,276
68,169
1,590

59.728
49 608
7, £98
11.252
51 924
30.330
85 453
35.127
40.150
7,398
59,910
824

18,580
1,330
4,9t>2

12,013
876
2,570

177,218
11,179
18,928

205 816
7.444
12,881

5,778
206.786
13,842

$347,629
$223,610 $2,467,255 $2,245,124
$962,599 $1,111,909 $11,071,893 $11,945,792

....

84VI 88-0 81V
31V 25V 23-0
55-0 00-4 54-3

84-0 90V 91-0 94-( 93V 94*0
80V 40-0 42V 44 V 4 IV 49V
0fO 040 08V ! 69-0 71-4 70-7

70-8 08-0 70V
0-0 19-0 30-0
34'4 45 0 40-2

83-0 82-0 79-0
23-0 lo-O 18-0
51-5 50-7 41-4

79-0 88-0 84V 90-0 83V 90V
350 35-0 39V! 43-0 39V 47 000 4 02V 01-2 07V 09-0 60V

78-( 78-0 81-0
12-0 29-0 340
43*C 64-0 57'*

84-0 88V 81-0
37-0 31V! 20-0
58 ( 640 57-0

830 87-0 83-0
430 44V 5l-o
050 t>0*O 70-0

93-0 93V 92V
52-0 43-0 54'C
7LV 730 73V

03-0 69-0 73-0
6-0 22-0 37-0
32-0 48-0 5»-l

77V 81V 78-0
33-0 231 30V
53Y 00-0 57-0

78V 85V 88 0
H9‘ 0 41V 44V
63 0 03-* 70V

89-0 89v 90V
51V 43V 56V
7P0 08-0 75-3

78-C 78V 78V
8*1 26-0 36-1
A vera ge... 41-9 52*9 53"2

87-0 90-0 88-0
30-0 22-0 230
57-0 47V 57-7

85-0 83V 88-''Í 92-1 94V 92V
44-0 44Y 43-0 ! 5V0 47M 56V
05'3 072 70VI 72V 754 73’A

80V) 82-0
33-0 41-0
590 02-0

84V 87V 84V
40-0 32V 28-o
e3-o 06-0 31V

78-0 8>-o 90 ••
53V 48V 53*u
67V 090 72-0

80-0 83-0
36-0 44'U
05*C 07-0

82-0 87-0 85-01 86-0
40-0 3«V 32-01 60-0
00V 08-0 65'2. 090
1
87-0 88-0 85 0 880
39V 38-0 34-01 47-0
05-4 07-0 03-6 08-0

FLORIDA.
Jacksonville.
H igh est...

700
14-Í
A vera g e... 48-1
£arnpa.—
77-0
22-1
A verage... 54*1

A verage..

77*0 8 P0 80-0
19-0 35*(* 41-0
53-6 04-2 66-0

Average...
Newton—
H igh est...

A verage...

95-0 93V
5t‘0
75-0 75V

89-0 90V ¡ 92 0 98v e o v
51V 63-0 58 0 53V 58V
72V 73V 77V 75-0 76V
87-0 89V ¡ 90-0 90V 91V
50 0 600 53-0 49-0 50V
098 71-91 74-8 73-6 75‘3

77*0 78-0
28V' 37-0
54-3 59-8

85-0 80-0 78V
29V 29-0 20-0
59*3 02-8 57-1

84-9 89-0 85V
41-0 47-0 40-5
04 4 68-2 03-7

91V 89-0 88V
43-0 45-8 56V
73 5 72-8 73V

70-0 79-0
25-0 34-0
51-0 55-0

I
86V 86-0 84-0 84-0 90-0 83-0
29’0 25V 24*0 40-0 430 44V
57V 61V 50-0 i 0ò‘O 07-0 090

84-0 91V 93V
56-0 45*( 51*0
71-0 74V 72V

73-( 77-0 72-0
2-0 30-0 360
44-0 53-0 58-0

80-0 78-0 73V 82-0 83V 82-0
33V 30-0 27V! 450 51V 49V
58-0 00-0 57-0 00-0 09-0 09V

87V 90V 87V
51*0 52V 54V
72-0 74V 74V

75-1
ll-l
Average... 44-6
ALAB A M A
Hontgom'y.—
73%
8-0
A verage... 40-0

«7-0
200
58-0

83-0 89-0
40-0 44V
04V 0<V

9SV
42V
74V

•••»
••••

87-0
27-0
02-0

85 0 83 0
40V 49-*
01 0 00-0

97V
55V
75V

••••
•••«

82-0 81-0
24-0 19V
51V 55V

85-0 89V
35-0 31V
62V 030

91V
42V
06V

•••«
••••
•••«

79-0
39-0
61-0

SIV 82*0 79V
39-0 32V 31V
62-2 03-0 01V

87-0 35-0 84V
5u*0 55‘0 550
07-8 71V 720

87-0 90V 90V
58V 55V 00V
73-9 75*3 70V.

75-0
30*0
51-8

84-0 S 2 m 83-0
31-0 30V 28-0
58-0 59-8 50-0

87-0 88-0 87V
39-0 48-o 42-0
00-0 03-4 09V

88-0 92V 92 0.
49V 51V 500
70*0 74*0

75-0
30-0
59-6

84V 82V 80-0 '870 80-0 87V
37-0 35V 34-0 #£>•() 53V 48*
02-7 04-2 00-1 074 72-0 72-3

74V>
26*0
52VI

8 V0 83V 88-0
20-0 22 (i 21'
57 V 55V 54‘5

93V 910 92V
32-0 40V 39'.
04V 00V 05’*

92V 93V 93V
40V
42*0 43
07V 03'O 71V

7S*0
850
58-2

81-0
33V 33<
01’ 3

880 89V 89V
44V 45 0 40*0
010 69 0 72V

93V 91V
44'0
03V si 0

76-0
23V
52-0

82-0 82-0 88-0
32V 20-0 1«M
57V 640 540

80V 900 93-(
33-e 40*> 37-0
61-0 rtl-0 68-0

93V 92V 900
46‘0 43*( 42 0
08V 08’0

72-i
—1-0
A verage-.. 34-0
LOUIS’NA
V. Orleans.74-0 78-0
ICO 32 0
A vera g e... 45-0 55V
Shreveport
74-0 78-0
4-0 230
A verage... 40-t 47*1’
Sr’d Coteau74-0 82-0
12-0 29-0
Average... 44*9 542
.iberty HiU—
78-0 82-0
4*0 21-0
Average.. 41-0 510
Chenryville—
60-0
250
44-5
Average...
MISSISS’ PI
Columbus.—
72-0 80-0
3-0 24-0
A v-f-a ge,. 45-0 530

$174.480
158,459
7,076
41,065
1,246,4: 9
120,101

••••

96-0
42-i
09V

75-( 74-0 74V.
8-0 25-0 31-0
380 49-5 50-8

Values of other Manufactures of
Cotton exported to—

$14,725
19,690
3l
2,857
109.097
10,520

May.

8lv
34V
56V

11,391,189 15,235,830 149,110,041 154 017,051
Total yards of above...... “
(614,970
$888,293 $3,004,638 $9,700,608
Total values of above..............
Value per yard.............................
10540
$'0582
$'0577
$'0632
$16,610
33,785

April.

1895. 1894. 1893. 189’ . 1894 1893

70-0 78-0 78V
12-0 29V 38V
41*0 63V 5dM

Average. .
Birmingham
H igh est...

United Kingdom...........................
Germany........................................
France...........................................
Other countries in Europe...........
British North America..................
Mexico............... ........................
Central American States & British
Honduras..................................
Cuba..............................................
Puerto Rico..................................
Santo Domingo.............................
Other West Indies.................. ..
Argentine Republic......................
Brazil.............................................
United States of Colombia...........
Other countries in So. America__
China.............................................
British Australasia.......................
British India and East Indies.. ..
Other countries in Asia and
Oceanioa.....................................
Africa....... ....................................
Other countries............................
Total value of other manufao-

1017

88-0 91V 90V <
51V 49*0
734 69-0 74V

1018

THE CHRONICLE.
February.

Thermometer
MISSISS’PI.
Vicks u o—
H g h est...
Low e t
Avera» e ...
Ltland—
H igh est....
L ow est....
A verage...
Clarksdale—
Highest.
L o w e s t....
A verage...
Brookhaven—
H igh est...
L o w e s t....
Average...
Kosciusko—
H igh est...
L o w e s t....
A v e ra g e ..
Waynesboro
H igh est...
L ow est.,. .
A vera g e...
ARKAN S’8
Little Rock.—
H ig h est...
L o w e s t....
Average.
Helena—
H igoest.
L o w e s t....
A vera g e...
Mart Smith—
H ighest.
L o w e s t....
A vera g e...
Camden—
H igh est...
L ow est..
A verage...
Corning—
H igh est...
L o w e s t....
A vera g e...
TENNES’E.
Nashville.—
H ighest. .
Low est. ..
A verage..
Memphis.—
H igh est.’..
L ow est....
A verage...
Ashwooa.—
H ig h e s t...
L ow est....
A verage...
W ier—
H igh est. .
L ow est....
A vera ge...
T E X A S.
Galveston.—
H igh est....
L ow est...
Average.
Palestine.—
H ig h est...
L ow est....
Average...
A. »«tin.—
H ighest....
L ow est...
Average...
Abilene.—
H igh est...
L ow es t....
Average...
Ban Antonio.
H igh est...
L ow est....
A verage...
Huntsville.—
H igh est...
L ow est....
A verage...
Longview—
H ighest....
L ow est....
A verage..
Stafford—
H ighest....
L ow est....
A verage...

May.

April.

March.

74-0 76-4 73*0
4*0 27*3 80-0
410 48*7 55-0

82*0 84*0 81*0
33 0 27*0 20-0
50-0 81*0 56*0

88-0 80*0 87-0
43-0 48-0 45-0
60-0 07*e 70-0

90*0 88*0 87*0
49-0 50-0 52*0
70-3 72*4 720

75*0 75*0 73*0
4*0 21-0 27-0
373 46*4 50*2

84*0 80*0 82*0
28*0 20-0 24-0
59-5 57*4 52*8

80*0 84*0 80-0
30*0 42*0 40-0
02-8 03*4 67 0

89-0 80*0 80-fi
43-0 44*0 50*0
087 70*9 69-7

75-0 70-0 73 0
1-0 10*0 20-0
38-8 42*7 49*2

88*0 83-0 88-0
30*0 24*0 19*0
54*2 59*3 54*0

91-0 90-0
35-0 41<
00-8 00-8

98-0 94*0
40 0 50*0
70-7 71*1

80*0 70-0 70*0
2*0 10-0 28-0
40-2 482 58-7

80-0 81*0 83*0
20-0 22-0 28-0
00*1 50-1 57*5

95*0 91-0 94-0
39-0 42-0 43-0
00-0 00-3 71*0

90-0 95*0 95*0
43-0 40*0 40*0
70-4 73*1 74*0

75*0j 78-0 75*0
4*0 22-0 29*0
40*0 40-0 53*5

83*0 85*0 86*0
8O-0 23*0 200
57*0 54*0 53-8

88-0 85*0 88-0
38-0 45-0 37-P
030 05-0 07-8

91*0 91*0 90*0
45-0 41*o 48-0
69-0 05-5 08*8

76*0 75*0 80*0
10-0 25-0 *8*1
37*7 50*0 53-0

90*0 85-0 85-0
28-0 25*0 230
58-0 68-0 54*4

93-0
35-0
04*0

90-0 91*0 96*0
43 0 4T0 40*0
72-2 07-0 72*0

72*0 07-0 71-0
—2*C 23-0 190
34*6 41-2 42-0

87-0 84-0 80*0
25-0 24-0 10*0
52 4 55*3 50*0

88-0 89-0 87*(
30*0 42-0 30-0
03-2 03-2 65-2

88-0 90-0 90*0
46-0 40-c 50*0
07-0 70-3 08-3

74*0 87-0 00*0
0*0 17*0 18*0
32*4 .42-7 45-0

80-0 80-0 78*0
27-0 24*1 18*0
54*0 52-0 50-6

87-0 85-0 88*0
440 43-0 88-i
03*3 04-0 05-7

91-0 88-0 88*0
45*0 44-0 48*0
05-0 70-0 08*8

74-0 070 00-0
—7*0 150 13-0
33-0 40-0 40*0

87*0 84*0 81*0 90-0 90*0 94-0
10-0 20-0 140 32-0 89*0 35-0
51*0 54*0 49-6. 02-0 03-0 040

91*0 88-0 87*0
42*0 40-0 46*0
0b*O 09-0 07*0

73-0 71*0 72-0
—2*0 22-0 24-0
38*0 43-6 47-8

85*0 85*0 82-01 85*0 88*0 86-0
24*0 24*0 Vl-0 33-0 37-0 88-0
54*6 50*5 52*21 02*8 05*4 00-4

930 89*0
40*0 50*0
72*0 70*8

78-0 65-0 64*0
—8-0 15-0 0*0
28*2 36-8 30-4

82*0 81*0 62*0' 93-0 91*0 90 0
20*0 19*» 11*0 33*0 34*0 31-0
45*8 52*0 48*8 61*5 59-2 02-0

92-0 91*0
39*0 40-0
07*0 07*5

75-0 71-0 70-(
—6 0 18-0 13-0
30-0 30-0 42-0

85-0 81*0 77-0
22*0 18-0 12-0
48*0 54*0 48-0

80-0 90*0 87-0
32*0 36-0 34-0
59-8 00*0 08-0

93*0 90*0 89*0
40*0 40-0 40-0
00-0 08-0 08*0

74*0 76-0 71-0
—3-0 10*0 16-0
34*6 40-0 43-0

87*0 80-0 81*0
28*0 23-0 10-0
62-7 50*0 51*4

88-0 89*0 89-0 94*0 90-0 90*0
38-0 41-0 38-oJ 48-6 44*0 52*0
03*8 03-2 05-2 09-0 09-1 08-8

05-0 60-0 70-0
—4 0 16-0 13-0
30-9 40-3 44-3

80-0 79-0 75*0
30-0 20-0 14*0
51 2 53*2 40-9

80-0 87*0 83-0
85-0 37-0 85-0
590 59-8 59-tí

91-0 87*0 87-0
4V0 43-0 45-0
08-3 04-1 0O-4

60-0 06-0 67-1
—6-0 9-0 10-C
30-0 88-3 43-9

77-0 78-0
12-0 10-0
51-8 40-8

89*0 87*0
30*0 30-0
58-7 02-3

89*0 90*0
88-0 40-0
05-0 04*8

65*0 75-0 72-0
15-0 2H-0 37-0
42-0 53-5 62-6

77*1 70*0 78*0
38-1 38-0 89-0
00*0 63-2 61-8

82*0 80*0 80-0
49-0 58-0 53-0
08*0 71-8 01-2

82-5 88*0 88-0
00-7 02*t‘ 59*0
73-2 77-0 75-0

76-0 81*0 78-5
- l - o 18-0 32-5
40-0 47-0 50-5

85*0 85*0 82-0
27-0 27-0 25*0
58-0 60-0 58-0

87-0 89-0 920
37-0 43-0 42-0
06-0 70-0 70-0

88-0 92-0 92-0
50-0 50-0 48*0
70-u 74-0 72-0

72*0 77-0 79-0
11*0 23-0 25-0
42*8 48-4 47 *«

83-0
32-0
50-0

720 74-0 75-0
-4 -0 15-0 10-0
33-0 41-0 44*4

87-0 92*0 90*0
2O-0 24*0 20-0
58-0 58-0 50-0

89-0 9 V0 97-0
38*0 47-0 40-0
00-0 03-0 09-8

90-0 99*0 103-0
44-0 51-0 42-0
70-0 74-0 724

79-0 83-0 84-0
11-0 25-0 20*u
4f*0 52-0 50-0

85-0 93*0 86*0
82*0 32*0 35-0
82-0 050 02*2

91-0 09-0 97*0
47-0 48-0 40-0
70-0 74-0 74*3

90*0 94-0 94-0
49 0 52-0 51-0
73-0 77-3 70-0

86*5 74-0 77*5
6-5 29-5 32"5
42-2 40-7 54*4

83*5 80*0
29*5 85*0
01*0 55-0

80-0 90-0 90-5
34-5 44-0 43-5
08-4 71-3 72-0

88-0 93*5 94*0
50-0 ftO-O 52-0
72-2 75-7 7i>*4

90*0
02-0
74-4

78*0 80-0
2-0 10*0
40-7 50-5

87*0 85*0
29-0 28-0
58*7 59-1

00-5 03-0 85-0
34-5 47-0 41-5
07*0 00-8 07-7

94*0 900 95*0
40-0 40-0 40-5
71*7 75-0 74-1

75-0 71*0 78*0
3 0 10*0 10-0
44-0 44-5 48-0

87*0 91*0 88*0
31*0 27*0 19*0
01-0 58-0 58-2

89*0 92-0 90-0
38-0 43-0 30-0
02-0 07-0 70-0

96-0 96*0 98-0
49-0 43-0 45-0
74*0 72-0 72-0

IN DIA N T.
Oklahoma—
H ighest.... 64*0 07-0 74*0
L ow est.... -8*0 7-0 0-0
A verage.. 440 35-0 35-8

90*0 83*0 84*0
13-0 19*0 9-0
50*0 52*3 50-0

88-0 85-0 95-0
36-0 38-(J 34-0
640 03 9 02-4

93-0 89-0 88-0
41*0 40-0 38 0
09-3 «8-2 65*4

February.
Rainfall.
V IR G IN IA .
Norfolk,—
Rainfall,in
Days rain..
N. C A R ’NA.
Wilmingt’n-Rainfall,in
Days rain..
Weldon.—
Rainfall,in
Days rain..
Charlotte—
Rainfall,in
Days rain..
Raleigh—
Rainfall.in
Days rain..
Moroanton.—
Rainfall.in
Days rain.
8. C AR O L’ A
Charleston—
Rainfall,in
Days rain..
Btateburo—
Rainfall,in
Days rain..
Columbia.—
Rainfall, in
Days rain..
Evergreen—
Rainfall.in
Days rain..
Greenwood—
Rainfall.in
Days rain..

Rainfall.

1895. 1894. 1893. 1895. 1894. 1893. 1805. 1894. 1803. 1895. 1894. 1893.

1895. 1894. 1893

April

March

May.

1895. 1894. 1893. 1895. 1894. 1893. 1895. 1894 1893.

2-62 5-53 4-04
11
15
15

5-36 2'94 3-32
13
13
14

6-07 2-11 2-07
10
15
14

8-60 3-47 6-79
14
11
11

2-38 3-53 2-94
10
14
8

2-94 2-27 2*40
10
12
12

0-50 0-78 1-02
11
10
8

4-37 4-80 6-01
10
15
10

2-12 4-07 4-54
14
0
13

5-19 2-13 2-23
9
5
13

8-08 2-79 0-90
9
9
15

4-13 4-13 3-21
7
11
11

1-87 4-54 7-50
12
10
7

5-52 1-04 1*74
9
11
8

5-00 2-43 1-04
9
10
8

4-05 2-27 4-23
13
10
10

2-00 3*83 0 17
12
13
8

0-09 2-14 1-59
13
11
14

7-95 1-74 1-40
9
17
8

8*46 7*51 5*80
10
15
13

4*00 5*00 0-06
0
12
7

4-06 0-85 1-10
7
0
7

4-15 2-15 3-70
11
8
7

3-72 3-10 3-97
8
7
9

4-47 3-91
10
9

2 97
17

5-22 1-78 3*07
14
9
13

4-21 0-53 1-10
9
10
12

5-63 3-47 3-30
13
2L
13

3-88 5-86 5*03
9
10
12

0-01 2-52 1-82
7
9
13

9-80 1-42 085
4
12
8

4-03 1-40 3-91
10
5
10

5-33 4-82
15
11

0-38 2*09 1-20
11
8
12

5-91 1-37 047
12
0
4

3-80 1-09 3-79
11
10
10

0-57 4*28 7*50
11
14
1

0-72 1*00 1*03
5
9
12

5-27 2-42 1*88
10
0
5

3*22 2*89 4-40
7
10
12

4*48
9

8-42
10

825
8




GEORGIA.
4ugusta.—
Rainfall.in
Days rain..
itlanta.—
Rainfall.in
Days rain..
iavannah.—
Rainfall,in
Davs rain..
lolumbus.—
Rainfall.in
Days rain..
Forsyth.—
Rainfall.in
Days rain..
FLORIDA.
facksonvilleRainfall.in
Days rain..
Tampa.—
Rainfall.in
Days rain..
litusville—
Rainfall.in
Days rain..
laUaha8sec—
Rainfall.in
Days rain..

[Y ol . LX.
April.

March

February.

4-02 7-09 5-20
9
12
13

8-00 2-04 2-81
10
0
15

5*18 2-47 0-97 3*34 3*49 311
9
3
10
13
9

22

2-01
8

4-98 5-45
15
15

7-55 2-99 2-43
10
11
14

5-20 3*0« 2-48 8*99 1*49 412
11
8
8
9
13

46

3-78 3-05 4*73
9
13
12

5-31 2-81 3-87
8
11
10

4*43 0-04 2-20 2*20 5*88 2-23
14
0
18
»
11
12

2-14 8-52 5-10 11-25 3*21 8-22
6
7
5
4
11
6

4-97 1-81 2*84 2-95 2*00 1*31
4
7
3
4
1
8

3-10 9-69 7-05
15
11
5

0-90 3-71 2-51
7
7
8

5-81 1-86 4-30 4*82 3*30 0-24
10
a
0
5
f7
14

3-01 3-44 6-87
7
10
13

3-03 3-12 8-90
7
15
7

4-40 0-83 2-87
4
3
13

MISSIS’P I.
vlumbus.—
Rainfall.in
Days rain..
/icksbvro.—
Rainfall.in
Days rain..
eland—
Rainfall.in
Days rain..
Qlark8dale—
Rainfall,in
Days rain.
Brookaven—
Rainfall ,in
Days rain..
Kosciusko—
Rainfall.in
Days rain..
WaynesboroRainfall.in
Days rain...
A R K ’ NSA8.
j*ttle Rock.—
Rainfall.in
Days rain..
Helena—
Rainfall.in
Days rain..
ft * Smi’ h—
Rainfall,in
Days ra in .
Camden—
Rainfall.in
Days rain..
Coming—
Rainfall,in
Days rain..
TENNES’ E.
Vashville.—‘
Rainfall.in
Days rain..
Hemphis.—
Rainfall.in
Days rain..
ishwood—
Rainfall.in
Days rain..
W ier—
Rainfall.in
Days rain..
TEXAS.
.alveston.—
Rainfall.in
Days rain..
Palestine—
Rainfall.in
Days rain..
iustin—
Rainfall.in
Days rain..
ebilene.—
Rainfall.in
Days rain..
San Antonio.
K a ln f» l.i
Days rain..
Huntsville.—
Rainfall.in
Days rain..
Longview—
Rainfall.in
Days rain..
S taffordRainfall.in
Days rain..

1*49 4-18
11
9

1-30 1*34 1*29 0*92 2*67
9
10
4
7
8

3-99 2-78 1-71
9
9
8

2-07 T71 0-57
0
10
10

538
8

8-01 0-45 3*15
5
13
7

1-04 0-04 3-83
4
14
5

4-50 0-17 1-72 7*10 0*93 3*88
10
11
11
4
7
15

8-22 11-19 2-95
15
0
7

8-83 4-45 0-87
12
7
9

3-35 3-55 5-70 4*85 2*08 4-27
4
4
7
2
8
11

ALABAM A.
Montgom’y.—
Rainfall.in 3-50 0-98 4-92 9*14 4-88 2-89
14
19
11
13
8
Days rain.. 12
Mobile.—
Rainfall.in 4-35 9-40 3-65 10-47 11-51 3-97
14
17
15
12
15
Davs rain.. 11
Newton —
3-01
Rainfall.in
6
Days rain..
Birmingham
4-40
Rainfall.in
0
Days rain..
Florence—
7-10 5-59
Rainfall.in 1-43
Days rain..
12
9
8
LOUIS’AN A
\ew OrleansRainfall.in
Days rain..
Shreveport.—
Rainfall.in
Days rain..
9rd. CoteauRainfall.in
Days rain..
ibertyRiU—
Rainfall.in
Days rain..
Oheneyvdle—
Rainfall.in
Days rain..

May.

1895. 1894* 1893. 1895. 1894. 1893. 1895. 1894. 1893. 1895. 1894. 1893.

3-99 3-49 4-13 1*78 2*58 6*93
11
10
14
13
8
20
3-04
12

1-98 3-72 5*50 1*44 6'64
14
11
12
19
11

2-99 5-21
5
7

5*92
6

3-27 4-48
4
5

3*27
6

8-13 2-73
7
7

2*00
0
1*79 2*68
13
5

3-92 11-00 4-92
18
12
10

3-SI 5-94 3-49
13
9
12

2-58 4-71 3-70 795
0
2
12
7

0-70 3-53 1-58
14
10
3

4-00 8-04 2-88
8
10
12

0-24 4-03 3-13 5*97 1*84 4*58
12
5
5
15
3
13

4-15 6-05 2-03
11
7
5

4-80 8-68 3-83
6
5
7

1-42 4-82 2-12 4*10 1*92 8*08
6
4
4
3
7
5

1-09 3-85 2-18
6
4
9

5-48 8-93 4-11
6
7
9

2-27 4-24 4-85 5*03 5*17 5*44
10
7
11
3
5
8

5-07 4-54
11
11

Ö-31 1-54
8
9

0-50 5-93 5-08
2
8
17

7.47 5-93 306
10
6
9

4-21 4-05 3-22 1*35 2*00 4*48
9
5
7
8
0
8

1-70 5-83 4-05
17
10
13

002 0-27 3-PL
14
15
11

1-25 4-62 8-05 3*02 8*7
13
11
9
7
14

1-32 3-44 7-50
9
4
8

0-52 9-72 2-14
9
9
5

2-20 4-02 9-60 2*39 0*54 9*11
S
4
9
7
7
8

0-02 7-00 5-38
9
0
3

3-13 7-50 1-8H
5
0
3

3-37 7-01 0-87
12
9
8

7-77 5-40 3-12
9
11
9

2-75 5-00 0-37
5
3
7

7-38 5-5(1 0-41
0
8
3

1-15 7-65 0-82
5
1
2

4"05 0-85 2-07
4
5
6

0-63 4-98 5-48
0
4
13

7-78 9-08 4-47
14
9
10

1-47 4-18 5-80 3*39 3*81 13*25
14
8
5
10
10
12

0-40 7-53 5-31
10
0
10

4-49 10-00 3-73
11
8
5

2-58 7-92 9-08 2*32 1*77 !16-88
10
12
10
8
10

0-20 5-50 3-11
13
40
8

2-78 0-8Ï 2-23
14
10
6

1*41 0-5« 7-8« 3*71 2*53 7*01
12
9
15
10
13
11

1-99 4-05 4-20
0
5
7

5-31 11-87 4-41
12
11
5

2-01 7-77 7*57
4
7
11

1*58 7*91
1
7

0-50 6-52 3-28
4
10
8

4*73 0-0
10
9

1*71 2-00 10-21
9
9
8

8 07 6*35
10
13

0-98 8-05 4-88
12
0
15

5-09 2-8 8 3-37
11
10
9

3-07 4-05 4-11 2*05 2*53 7*31
14
11
12
9
12
13

1-39 7-91 8-33
13
13
7

7-01 10-90 1-95
14
14
8

2-32 8-45 5-48 0-4-* 5-70 13*34
12
11
9
7
7
13

0-90 9-56 0-91
9
2
9

0-11 3-53 3*18
0
8
7

2*53 4-58 7-52 1*20 1*59 828
12
12
5
7
7
5

0-50 8-90 4-30
11
9
3

4-10 2-89
5
7

4-93 2-09 1-99
14
11
11

2-77 1-96 0-88
6
14
8

0-33 1-42 5 70 5*13 1*00 2*98
9
6
5
7
10
2

2-50 3-08 1-25
15
12
8

2-52 4-59 2-07
11
10
9

3-35 0-47 3 -3 1 11*39 1*83 4*98
12
7
w
4
15
7

0-80 0-60 o-oo
3
0
S

0-29
3

2-89
8

2-32 0-95 0-33
4
4
7

o -is

3-97 0-52 1*11
6
0
10

2-24 0-80 2-14
11
4
8

9-70 3-34 0-05
4
9
2

4-35 1-20
0
2

5

1-00 0-00
1
7

3*74
5

1-22 2-95 3-15
2
0
5

■9”

9*57
14

1-72 9*01
8
4

3-77 8-97
a
4

2-93 5-71 3-40 5*41 4*91 11*28
7
6
7
5
11
9
o-oo 1-79 1-57 203 1*40 5*98
8
3
2
2
0
2
4*35 4*81 8*48
4
0
5

2-30
4

10

2*89 8‘59
9
8

3-08 3-47
4
9

3*85
5
2-30 1-23 0-28
8
7
2

1*90 0*49 5-76
7
8
0

0-29 2-05 2*18 a-a«
0
9
0
h

1*14 3*38
5
4

2-40 2-45 2*15 13*00 1*00 4*74
11
4
3
3
13
5
1*24 6*87
9
7

1-84 3-40
0
9

3 92 7-07
11
14

1-48 4-25 2*78 8*08
4
13
7
11

4*f4 3-41 0-07
4
5
4

0-74 5-20 3-92
3
7
4

1-40 5-40 1*08 7*43 2*31 7*01
8
4
4
4
8
7

INDIAN T.
Oklahoma—
Rainfall.in 0-07 1-11 0*09
3
5
Days ra in .
8

0-82 4-79 1-25
7
2
8

0-41 2-82 3*12 134 1*87 1*53
10
0
12
11
4
5

THE CHRONICLE.

J u n e 8, 1895.]

S e a I s l a n d C o t t o n M o v e m e n t . — We have received thi8
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. Th e
receipts for the week ending to-night (May 31) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893-94, are as follows.
1894-95.
Receipts to J un e 7.

1893-94.

Stock.

This
Since
Since
This
week. Sept. 1. week. Sept. 1. 1895.

1894.

Savannah........................
Charleston...................... .

Florida, &o....................

2 64,197
5,298
5,139

3 54,159
2,210
3,561

521 1,466
97
414
176 1,193

Total............. u. ........

2 74,634

3 59,930

794

3,073

The exports for the week ending this evening reach a total
of 5 bales, of which 5 bales were to Great Britain, - —
to France and — to Reval, and the amount forwarded to
Northern mills has been 41 bales. Below are the exports
for the week and since September 1 in 1894-95 and 1893-94.
E xports
fro m —

Week E nding J une 7. Since Sept. 1, 1894.

Norlh’n Mills.

Great F r’nce
Great Fr’nce
Total.
Total. B rit’ n.
die.
Brit’ n.
die.

Since
Week. Sept. 1.

Savannah...
Chari’t’n,<ftc
Florida, dec. ........ .........
New "York..
5
Boston........
Baltim ore.. ........ .........
Total........
5 .......

18,085 2,441 20,526
2,913
53 2,966
—
765
765
4,343
7,461
3,118
5
8,357
8,357
391
391
... .. .

Total 1893-4

........

........

. ..

5 34,854 5,612 40,466
32,150 4,41? 36,567

41 29,111
1,413
4,172
........ ........
41 34,696

........ 22,142

Quotations June 7 at Savannah, for Floridas, common.
8c.; medium fine, ll % c .; choice, 15^c.
Charleston, Carolinas, medium fine, 22c. to 24c.: fine, 28c :
extra fine, 30c. to 35c., all nominal.
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 in f a l l . — A s of inter­
est in connection with our monthly weather record, we have
prepared the subjoined tables, which show the State averages
of thermometer and rainfall in February, March, April and
May for six years, 1890 to 1895, inclusive.
February.

Ol
£

Low.

Avge.

1895 ..........
1894 (full)..
1893 (good)
1892(good
1891 (full).
1890 (good,
A rk an sas.
1895 ..........
1894 (full)..
1893(good
.1892 (good)
1891 (full)..
1890(goou)

68-4
08*8
70-4
H.*<)
76*8
782

4*0
18*2
23*4
20*4
22*4
27*í¿

32*5
43*5
44*9
45 1
44*7*
530

82*0
84*6
75*6
70*4
70*0
75*3

26*0
22-2
21*2
22*8
24*5
19*4

48*9
55*2
4s*4
45*7
45*7
48*9

81*2
84*2
87*0
77*8
825
83*0

34*8
34*8
30*0
29*
235
32*8

57*0
57*i
02*5
55-0
59*9
59*b

94*0
90*2
88*0
S0*0
80*0
87*9

41*8
33*8
44*9
44*0
30*3
44*3

04*8
03*2
00*0
00*3
04*3
09 0

75*0
74*0
74*3
«9*9
79*8
80*9

5*8
2* 5
33*3
26*0
27*3
35*1

S7*4
49*8
50*3
49*8
55*5
68*4

83*8
86*8
79*«
75*2
72*4
82*1

29*0
25*0
21*9
21*2
29*7
23*2

53*“
59 5
54*1
51*9
60*7
54*6

83*8
88*5
88*r
82*1
81*'
«8-0

30*8
38(i
4 l>
37*2
33 0
42*0

01*<«2*7
07~2
02*4
0 i*I
03*9

91*3
92 3
90*3
93*8
87\

4«*3
47*9
47*0
45*3
47*3

71*2
7u*2
70*1
09*4
71*4

7S*0
73*4
74 U
70*.
78*3
78*5

6*8
21*2
32*5
29*0
24*2
33*7

37*9
49*8
51*0
♦un
56*2
57 1

83*0
87*0
81*4
79*3
7-V3
79«

30*8
24*3
24*0
23*5
30*0
213

54*9
57*1
65*f
52*4
51*8
530

81*8
87*0
87*3
b3*¿
8j*3
8l*7

89*4
40*8
44*0
38*'.
82*7
43*3

03*0
01*4
01*7
03*3
ol*4
04*7

91*6
91-4
91*0
89*8
89*7
83*7

49*4
43 0
51*3
49 0
47*8
40*8

70*0
71*4
«9*0
71*8
«9*8
71*5

76*3
80*3
83 3
80'.
&4V>
81*5

1«*5
33*0
40*8
375
33*5
46*0

50*0
eov
63*8
60*4
•<6*9
64*7

81*6
85*0
83*0
83*6
82*3
85*8

87*0
34*6
30*1
81*0
41*0
30*0

03*4
05*9
01*7
00*7
03*3
0i*3

83*0
87*5
8*1*5
Î-0-3
80*5
87*8

49*0
49>
500
44*8
30*8
50*2

07*1
«9*8
71 5
•9*0
0,*4
70*8

92*0
91*8
90*0
90*3
89*8
89 5

54*7
48*3
5H*8
53 8
54 8
55*3

75*1
71*1
74*8
74*5
70*8
74*9

72*7
81*8
70*4
72*6
78 9
79*0

SO
27*0
82*>
29*5
25 0
29*8

39*3
56*0
54*!
53*2
56*1
59*6

82 7
81*7
80*5
79*6
77*2
79*5

28*7
24*7
22*7
21*6
80*3
21*0

55*3
58*7
54*3
58*1
54*4
54*9

83*8
80*0
83*7
84 9
85*5
83*3

40*0
442
45*.
39*2
«0*0
40*0

03*0
r.0 2
88’ ¿
060
«4*9
00*i

81*5
92*7
92*8
89 3
90 5
80*9

53*5
40-.1
50 5
4d*5
45*3
48*5

71*5
72*8
7*1*6
71*3
00*5
71*8

70 0
76*0
76*2
75*8
80*7
81*0

90
26*0
33*2
3o*8
27*1
29*6

42*7
50*3
56*4
57*4
58*5
62*2

84*3
83*5
82 2
«0*2
79*6
83*4

33*8
29*8
29*4
26*6
82**
24*2

00*0
00*5
58*7
55*0
57*4
59*0

83*4
88*2
87*8
87*0
87*0
86*3

42*0
41*2
46*0
45*9
43*7
47*0

06*2
09*3
70*1
07*3
04*9
08*4

88*7
91*8
91*8
91*2
90N
90*3

50*0
48*4
53*2
44*6
40*0
50*3

71*1
71*0
7.3*3
74*1
72*0
73 7

753
75*2
75*1
75*9
80*0
70 4

4*0
23 0
26*4
32 4
24*5
28*9

S9*7
48*9
51*9
54*9
54*7
50*5

85*0
82*9
84*3
80*9
79*
78*4

31*0
23*9
2) v
19*7
29*1
20*2

D<*8
57*5
51*0
51*7
52*8
53*1

83*2
88*2
89*7
84*0
87*0
84*2

38*8
42*0
40 5
42*7
29*9
44*0

03*9
64*4
08*4
05*1
04*0
03*9

92*0
»1*0
92*0
90*0
90*4
89*4

43 8
42*.
47*7
45*8
41*0
40*2

09*7
09*7
71*4
70*0
09*0
09 7

73*8
67*4
66*0
67*2
78*o
78*7

-4*0
18*4
15*5
29*0
20*o
17*0

32*8
40*8
42*5
48 9
46*1
49*3

85*4
82*8
79*5
80*8
72*0
82*0

22*4 51*0
22*2 54*1
16*0 50* 1
15*7 47*1
242*3 47*4
10*0 5)*S

89*4
88*6
89*0
87*0
(-3*7
83*7

85*0
38*2
85*0
37*0
89*3
89*7

02*0
03*0
04*8
01-7
03*4
02*0

90*0
90*2
88*0
88*0
88*1
87*7

44*3
41 8
40 8
42*5
44*7
40*7

06*7
09*9
08*5
08*1
07*4
00*4

68*5
«5*8
0y*5
66*5
73*5
70*5

—4*8 31*4
39*5
13*i 43*4
25*8 44*9
2V0 46*9
24*2 50*6

84*0
7v*\M
77*8
79*3
70*0
75*8

20*7
1H-,
13*0
12 7
22 8
10*2

50*8
53*8
4H*3
45 4
4rt*9
47*3

80*0
83*8
86*5
83*0
85*0
81*8

35*0
30*0
34*3
33*7

04*9
00*4
02*

92*7
89*0
89 0
80*3
87*8
88*5

49*2
41*3
45*8
44*8
40*3
413

67 8
0 '*2
04*5
07 9
66*0
64*4

84*7 59 5
86*5 29*4
29*8
83*3
SI 8 27 0
85i > 24*1

59*3
00*7

87*8 34*7 06*8
910 47*1 70*2

55*1
5 *4
58*2

89*4 4<*0 0'*5
85-0 87 V H0-5
85*0 47*7 « *0

w

T enn essee.

1895 ..........
.1894 (full)..
1893 (good)
1692 (good)
1891 (full)..
1890 (goud,
T exas.
1895 ..........
1894 (full)..
1893 (goou)
1892 (good)
1891 (full)..
1890 (good)

»c

3»
$

Low.

MISSISSIPPI

May.

Low.

N. Ca b ’ l in a
1895 . ...
1894 (full)..
1893 (good)
1892(good)
1891 (lull)..
1890 (good)
S> CAR’LINA
1895 ..........
1894 (full)..
1893 (good)
1892 (good)
1891 (full)..
1890 (good)
Ge o r g ia .
180B..........
1894 (full)..
1893 (good)
1892 (good;
1891 (full)..
1890 (good)
FLORIDA.
1895 ..........
1894 (full)..
1893 (good 1
1892(good)
1891 (full)..
1890 (good)
ALABAMA.
1895 ..........
1894 (full)..
1893 (good)
1892 (goo 1)
1891 (full)..
1890 (good)
L o u is i a n a .
1895 ..........
1894 (full)..
1893 (good)
1892 (good)
1891 (full)..
1890 (good)

•e

'VP}H

th erm om eter
Averages.

April.

March.

75*4
7»vy
77*o
77*4
81*3
78*6

54
21*5
25*6
34*0
24*3

41*3

48*:-

51*9
57*8
54*H
19 3 559

i

J

N

§

00*4

8. *8 01*7
37*8 53*3

08*8 y i*5 4 >*l 70s

The rainfall averages are as follows:
February.
Rainfall Averages.
N’ r t h Ca r o l i n a .
1895 .......................
1894 (fu ll).............
1893 (good)...........
1892 (good)...........
1891 (fu ll).............
1890 (good)...........
So u t h Ca r o l i n a .
1895 ................ ...
1894 (fu ll).............
1893 (good)...........
1892(good)...........
1891 (fu ll).............
1890 (good)...........
G e o r g ia .
1895 .....................
1894 (full).............
1893 (good)...........
1892 (good)...........
1891 (fu ll).............
1890 (good)...........
Fl o r id a .
1895 .................
1894 (fu ll).............
1803 (good)...........
1892 (g >od)...........
1891 (fu ll).............
1890 (good)...........
Alabam a.
1805 ......................
1894 ( f u l l ) ............
1893 (good)...........
1892 (good)...........
1891 (fu ll).............
1890 (good )...........
Lo u i s i a n a .
1895 ......................
1894 ( ull).............
1893 (good)...........
1802 (good)...........
1891 (fu ll).............
1890 (good )...........
Mi s s i s s i p p i .
1895 .......................
1894 (full).............
1803 (good)........ ..
1892 (good),..........
1891 (fu ll).............
1890 (good)...........

Rnin- Days
faU. rain.

March.

May.

Aprü.

Rain­ Days
fall. rain.

Rain­ Days
fall. rain.

R ain­ Days
fall. rain.

2*61
4*33
5*43
3 28
4*02
8*51

7
11
13*
IU*
13V,
10*

4*76
1*09
1*82
3*23
8*29
3*81

n*
8*
11
i* *
10
10*

8*30
1*93
1*74
3*73
2*43
2*32

15
8
9
12
«*
7

3*95
4*87
4*41
2*96
5*81
5*08

11
11*
10*
9
11*
13

3*04
4*84
5*08
4*05
2*59
1*01

7
12
14V4
10
13
5*

0*08
2*00
1*30
8*80
6*09
3*29

12*
8*
9
y
13
y

5*93
1*44
1*01
1*08
1*49
2*50

11
7
6
7
5
7

5*02
2*33
3*88
2*00
2*87
4*08

10
U*
11
7
10
13

3*08
0*79
5*04
2*09
5 80
8*03

7
13
im
8*
13*
8

7*83
2*89
2*97
0*51
7*93
3*40

il
8
8*
8*
13*
9*

5*12
1*91
2*40
2*52
1*09
2*00

9
0*
5
6
H*
6

3*42
3*19
3*09
2*11
2 51
5*57

12
6*
9
7
8
10*

3*01
4*45
3*07
1*04
1*28
1*44

«J
io *
9*
S*.
8
5«

3*39
2*48
0*54
1*26
4*15
3*08

8
0
18
7
9
7

4*41
1 23
2*86
0*59
2*80
0*78

10
5*
4
3*
8
5*

4*41
2-85
3*74
2*45
1*71
10*23

11
8*
8*
0
7
15*

3*11
0*11
5*41
3*14
8*59
3 90

10
13
10
5*
15
8

8*90
7*33
3*75
8*00
8*29
3*14

12
12
9
8*
11
11

3*28
3*58
3*73
3*01
1>9
2*81

8
8*
8
7
5
8

3*84
3*03
0*87
2*31
2*41
8*30

15
8
11
6*
7
11

2*40
0 03
3*05
313
0*32
3*80

121*
9
0*

7

4*70
7*90
3*13
5*32
4*84
3*43

8*
10*

1*55
4*15
3*30
5*54
1*7L
0*25

3*
8
4
0*
5*

5*93
2*92
5*19
2*07
1*19
3*86

6*
0
0
11

3*01
3*16
8*27
2*53
2*81
5*14

1*03
001
4*43
3 14
6*30
7*02

y
7

!

7l*

7*
8

7*
8*

7

0*05
6*75
2*43
5*87
8*05
8*39

0*76
5*73
4*21
3*08
8*91
7*35

6
3 4.
10
9*
11
12

5*02
3*88
8*50
4*43
0*20
0*41

12
9*
0*
8
12

1*90
5*83
8*24
7*50
3*80
8*18

0*94
8 7«
5*01
2*89
0 30
9*03

4*
12

6*07
5*30
2*85
4*34
9*88
8*41

11
0

2*«4
504
5*14
8*60
2*83
4*21

51*

n
7

4*
11*

r9t
8

9

8*

2*18
3*80
4.97
7*95
3*7»
692

9*

7

8

ARKAN SAS.

1805 ......................
1894 (fu ll).............
1803 (good)...........
1892 (good)...........
1891 (full) ..........
1890 (good)...........
T e n n e s se e .
1895 .......................
1894 (full) ...........
1893 (good)...........
1892 (good)...........
1891 (fu ll).............
189 J (good)...........
Texas.
1806 ......................
1801 (fu ll).............
1803 (good)...........
1893 (good)...........
1891 (fu ll).............
1890 (go >d)...........

ti

7*
15
12

3*70
2*58
0*80
2*01
2*22
2*nH

7

s*

7*
7
0
5

U

7

10
14*
13
8
0
0
8*
7*

2*00
3*07
1*08
2*90
2*23
3*03

5

1*52
3*42
2*50
2 10
5*91
5 83

11

a*
6

10

4
9*

8
0
8
5*
5

»

ta

8*

3*15
8*07
10*31
8*15
2*09
5*77

9
7

1*24
3*18
0-3-t
6*84
1*55
4*42

12
11*
4
13

6
8
4*
0
7*

7*«7
2*43
5*07
3*34
1*78
5*18

11
5
8
0
6*
8

10*
9*
0
7*
13

11
12*
7*
12

U

10
il
15
10

U

9
9*

The words “ full” aad “ good” following the years given above
mean simply that the aggregate crop for the year named was full -'r
93*2 43*4 09*4 good.

73*0
75*0
73*9
71*1
71*5
84 4 5 *0 7'i 9

89*8
94 2
94*4
9*3*1
89*3

49*8
54*0
491
40*0
49*5

The words “ full ” and “ good,” aoove mean tnat the aggregate
<ytop to r the vear was full or good.




1019

N e w Y o r k C otton E x c h a n g e — A n n u a l E l e c t io n .—Tne
annual election of offiiers and managers of the New York
Cotton Exchange was held on Monday, June 3. The follow ­
ing were the successful candidates: President, Rsiahard Sied
enburg; Vice-President, Gnstavu3 C. Hopkins; Treasurer,
Walter T. Miller; Managers, Meyer H. Lehman, Theo, P*
Ralli, William Ray, G jorge Brennecke, R. H. Rountree, T. M.
Robinson, S. J. Hardiog, W. J. Hochstaetter, Isaac B. Froe «
ligh, John L. Ballard, R. P. McDougall, William Mohr,
Walter C. Hubbard, William Tubbs and J. T. G ^athm ey,
Trustee o f Gratuity Fund, to serve three years, Robert H.
Rountree; Inspectors of Election, J. W . Moses, J. W . Wenman and Charles Cri3S.
J
c o m p a r a t iv e

P o k t R e c e ip t s

a n t >D a i l y

C r o p Mo v e m e n t

—A comparison o f the port movement by weeks is not
accurate as the weeks in different years do not end n the
same day of the month. W e have consequently added to our
other standing tables a daily and monthly statement, that
the reader may constantly have before him the data for
seeing the exact relative movement for the years named.
Tne monthly movements since September 1, 1894, and in
previous years, have been as follow s:
Monthly
Receipts.

T ear B egin ning Septem ber 1.

1894

1893

1892.

1891.

1890.

1889.

Sept’mb’r 518,762 377,408 405,355 676,823 732,236 561,710
October. 1,622,664 1,311,269 1,135,473 1,532,426 1,365,231 1,325,358
Novemb’r 1,607,662 1,272,776 1,125,855 1,376,90.« 1,145,416 1,257,520
Deoerab’r 1,497,560 1,230,738 930,029 1,215,144 1,195,063 1,116,928
938,197 687,028 436,457 665,162 859,979 700,909
January
February 533,398 330,504 291,648 658,855 535,273 410,044
March. .. 532,254 257,163 241,750 376,400 427,702 213,697
298,132 110,053
372,770 217,600 2(2.15« 251,52
A p r il__
57,362
158,135 126,011 129,905 192,895 196,018
May........
Total... 7,781 402 5,819.497 1,898,630 3,946,13t 6,755,050 5,753,581
Pero’tageof tot. pori
9705
96*60
97*91
95*79
97*27
receipts May 31,..

1020

THE CHRONICLE.

[ Y ol.

LX.

This statement shows that up to May 81 the receipts
S h ip p in g N e w s . — T h e e x p o rts o f c o t to n fr o m th e U n ite d
** ,*he
this year were 1,981,905 bales more than in
1894 and 2,833,773 bales greater than in 1893. By adding to States th e past w eek , as p er l a t e s t m a i l retu rn s, h a v e rea ch ed
u n u „
1**° M a y
daily receipts since that time we 63,606 bales. S o fa r as th e S ou th ern ports a re co n ce rn e d , th ese
shall be able go reaoa aa exact comparison of the movement are th e sam e ex p o rts rep orted b y telegra p h a n d p u b lish ed in
for the different years.

1894-95.

1893-94. 1892 93. 1891-92. 1890-91. 1889-90.
To. My.31 7,781,402 5,819,497 4,898,630 6,946,136 6,755,050 5,753.581
J*ne 1 ....
1,484
1,775
3.040
3,411
5,130
8.
“ 2 ....
S.
3,422
3,436
3,887
5,613
588
“ 8 ....
3,468
8.
3,054
3.752
5,458
794
“
4 ....
1,375
4,863
8.
2.753
3,793
592
“ 5 ....
5,801
3,926
6,785
8.
8,869
910
•• 6 . . . .
1,762
857
4,462
5,680
1,909
603
«
7 ....
5,939
2,323
2,425
5,511
8.
217
T o ta l. . 7,801,231 5,836,663 4,921,832 6,971,130 6,785,822 5,757,245
Peroentag e o f total
port reo’]its June 7
97-55
96-25
97-40
97-03
98-02

This statement shows that the receipts since Sept. 1 up to
to-night are now 1,961,563 bales more than they were to the
same day of the month in 1894 and 2,879,899 bales greater than
they were to the same day of the month in 1893. We add to
the sable the percentages of total port receipts which had
been received to June 7 in each of the years named
C otton A creage R eport . —In our editorial columns will
be found to-day our annual cotton acreage report, with an
account at length of the condition of the plant in each section
of the South. The report has been prepared in circular form
and the circulars may be had in quantity with business card
printed thereon.
New York this week show an
increase compared with last week, the total reaching 17,109
against Id,749 bales last 'week. Below we give our
usual table, showing the exports of cotton from New York
and the direction, for each of the last four weeks; also thé
total exports and direction since Sept. 1, 1894, and in the last
column the total for the same period of the previous year,
Th e E x p o r t s

op

C otton from

BXPOBTSOF COTTON (BALES) FBOM NEW YORK SINCE SEPT. 1 , 1 8 9 4

Week E n d in g E xported to—

M ay

since
Sept. 1.

M ay 1 M ay I June

Same
p eriod
previous
year.

the C h r o n ic l e last F rid a y .
W it h reg a rd to N ew Y o r k w e
in clu d e th e m a n ifests o f a ll vessels clea red u p to T h u rsd a y.

New Y ork —To Liverpool, per steamers Cevio, 2,768 upland4^ 00***’
o it *
an ft 5 Sea Isla n d ...____ _______ _
To Hall, per steamer Galileo* 2,338 ...........................2*338
To Newcastle, per steamer Marengo, 1,000 ....... .l ’oOO
*5 4 9 To Havre, per steamer La Chamnagne, 549........ ...
To Bremen per steamer Kaiser Wilhelm II., 1,122.......l 12£
To Hamburg, per steamer Patria, 342
’342
To Antwerp, per steamer Westeruland, 947........... .....
947
] oo
To Gottenburg, per steamer Sicilia, 100................................ J
To Genoa, per steamers Bolivia, 4,440....Z u rla, 2,997........ 7,437
*499
To Naples, per steamer Ems. 499....................................
To Martinique, per schooner Florence, 2........ ............ ... .11.1
2
New OBLEAN8—To Liverpool, per steamers Barbadian, 7,610
-...D alton, 680 ...Orion, § , 0 6 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 3 5 4
To Havre, per steamer Arabian Prince, 1 5 0 ............... . . .."
—
150
To Hamburg, per steamer Daleoarlta. 98......................... .
98
To Antwerp, per steamer Arabian Prince, 750............. .
750
To Barcelona, per steamer Miguel Gailart, 1,424___Miguel
Jover,2,880 .......................................................... .
4 304
To Genoa, per steamer Spanish Prince, 3,453___3*458
galveston - T o Hamburg, per steamer White Jacket, 1,004....
l!o04
P ost R o y a l -T o Liverpool, per steamers Palentino, 3 ,2 3 1 ....
Pontiac, 1 ,4 1 0 .......................................................................
4 64j
To Havre, per steamer Pontlao, 1,102....................II” II” * " lilOfc
Norfolk —To Hamburg, per steamer Lambert’ s Point, 2,532” ’ 2Í532
Boston—To Liverpool, per steamers Angloman, 1 ,8 6 1 .. Cephalonla, 733 ...Lancastrian, 1,337.. Sachem, 3,546........ . 7 4 7 7
Baltimore —To Liverpool, Der steamer Ulsterinore, 2,210 up*
2 234
land and 24 Sea Island.................. ..........................
To Havre, ner steamer Govino, 2 0 0 .......................IITIIIIIIIII
*200
To Bremen, per steamer Wittekind, 4,196..I. ..I ” . ” ” ” ” ”
419B
’3 5 0
To Hamburg, per steamer Italia, 350 .................................... .
Philadelphia - T o Liverpool, per steamer Ohio, 6 4 7 ........ . .
347

.......... ..........I.

T ota l.................. y ........................................................................ 63,606
T h e pa rticu la rs o f th ese sh ip m en ts, a rra n g ed in o u r ust a i
fo rm , are as fo llo w s :
Ant- B ’lona,
H n ll <£
Brem en werp <£ Genoa
L iver­
Newdt Ham- Gotten- and Martipool. castle. Havre,
burg. burg.Naples, ñique.

New York. 2,773 3,338
N. Orleans. 13,354
Galveston..
Port Royal 4,641 ........
N orfolk....
Boston. .. . 7.477
Baltimore.. 2,234
Philadel’a..
647

Total:

549 1,464 1 ,0 4 7 7,936
2 17,109
150
93
750 7,762 .......... 22,114
1.004
.............................
1,004
1,102 ..............................................
5.743
.......
2,532
............................
2,532
........................................
7,477
200
4,546
.............
6,980
...........................................................
647

T o t a l.... 31,126 3,338 2 ,0 0 1

9,644 1,797 15,698

2 63,606

1 7"
5,883 4,726 6,190 2,773
3,311
104 7,259 3,338

325,262
115,686

Below we add the clearances this week of vessels carrying
cotton
from United States ports, bringing our data down to326,111
112,710 the latest dates:

Tot. to Gt. Bbit’n. 9,194 4,830 13,449 6,111

440,948

438,824

38,664
975

17,429
225

17.

L iv e rp o o l..................
Other British ports..

Havre.........................
Other French port»..

Total French....

24.

31.

823

403

555

549

823

403

555

549

39,639

17,654

4,032 1,963 1,120 1,122
3.523 1,512|
263
342
1,556 1,479
361 1,047

55,100
67,439

42,703
23,136
85,477

Tot.toNo.Europe 9,111 4,954 1,744 2,511

181,473

151,316

7,936
2

88,239
930

47,129
4,241

Total Spain, &o .. 2,753
818
7,938
Grand Total.... 21,881 11,005 15.748 17,109

89,219

51,370

751,279

659,164

B rem en..... .............
Ham burg...................
Other ports..............

Spain, Italy, &o........
A ll o th er. . . . . . . . . . . . .

2,753

818

......

week, and since September 1, 1894.
New Y o r k .

Receipts
fromr-

Boston .

PHILADELPH’A

This
This Since
S ince
T h is
Since
w eek. Sept.l. week. S e p t .l . w eek . S ep t. 1 .
N. Orleans... 5,573 603,732 .......
..........
1,408 285,967
T e x a s ..........
7,011
1,619 231,282
Savannah...
341
285
83,351
8,311
M o b ile ........
Florida........
12,983 .......
.......... .......
576
So. Carolina
62,910
6,443
189
N o. Carolina
20,563
20
LV ir g in ia ....
81,009
40,735
1,255
North, ports
6,007 347,610
7,259
Tenn., A c...
16 136,985 1,727 152,215
958 141,348
Foreign........
399
13,184
567
37,225
T otal........
9,800 1,348.615 7,642 668,183 1,243 164,616
Last year... J 12,636 1,088,1791

3,835' 505,6751 2,273

of

F e r t il iz e r s




in

To Bremen June 1—Steamer Port Elliot, 7,966.
To Hamburg June 3 —Steamer Oaoe Comluo, 1,733.
To Genoa - June 4—Steamer Montebello, 4,26L
Savannah —To Barcelona - June 3 Steamer Falka, 2,175.
To Genoa Jane 3 -Steamer Falka, 1,6 J<>.
No r f o l k — r o Hamburg-June 5 - S t e a m e r B a ltim ore oitv, 534.
N e w p o r t N e w s —T o Liverpool—June 5 -Steamer Kanawha, 245.
B o sto n — To Liverpool -May 3 1 -8teame>s Oatalmi*, 1,247; Scotsman,
2,502....June 4—Steamer Bostonian, 1, >06.
B a l t im o r e - T o U varp ml May 29 Steamer Sedgemere, 1,137.
To Bremen-May 29 -Steamer Stuttgart, 4,248 ...June 5—Steamer
O ld e n b u rg , 4 ,6 5 8 .

To Rotterdam -May 2 4 -Steam er Delano, 400.

P h i l a d e l p h i a —To Liverpool—M *y 31—st amer Southwark, 1,181.
Cotton freights the past week have been as f o l l o w s :

Satur.

Liverpool, steam.d
116
Manchester........ d.
....
Havre, asked,...e
25t*
Do
la te r „....c
....
Bremen, June...<£
*8
Baltimore .
Do
la te r... d
T h is
Since
Hamburg, steamd
*
w eek. Sept. i.
Do
steam d
25t
Ams’dam, steam.e.
20t
Keval, v. Hamb d.
“ «4
4,110 103,897
Do v. H u ll...d .
351
B a rcelon a ........ d
——
G enoa................ d
281
Trieste, J nne 8 . .a
U 64
Antwerp, steam.d.
S32
150 102,562
Ghent, v. Antw’p.d
*8
.....
t Gents net per 100 lbs.
643 110,607
L iv e r p o o l . —By cable
4,903

322,956

6,730

233,605

correspondent at
Montgomery telegraphs us that the Alabama Agricultural
Department has issued to-day a comparative statement of the
sales of fertilizer tags. In the current season—1894-95— there
have been disposed of 611,795 tags, representing 61,167 tons,
whereas in 1893-94 the number of tags sold reached 1,004,985
and covered 99,801 tons. The decrease this season has there­
fore been 33,631 tons, or nearly140 per cent.
Sa l e s

A l a b a m a , —Our

85,806

G alveston —To Liverpool-M ay 31—Steamer Baron Belhaven, 5,850.
Ne w O rleans —To Liverpool - June 4 -Steamer Barnard Hall, 4,180.

Mon.

Tues.

116

116

*16

*16

25t*
....

25t*

211'

21|*

....

Wednes. Thurs.

F ri.
*16

21

• •mm

%

*8

....

....

*8’
....
*8

*8

*8

251
201

25t
201

25f
201

25t
201

*8

25t
203
l l e*
35t
....
2St
“ 64
®32

hs

*8

*8

“ 64
“ «4
“ «4
l l 64
532-21128 53 2 '21J28 532- 2 l 128 B32r21lî&
»,4
964
“ 61
B64'®33£ B64®33‘
764® *8

*64
U 64
B64®33
76< ®*8

&64
“ 64
B64®332

And 5 per cent.

from Liverpool we have the followii g
statement of the week’s sales, stocks, &c., at that port:
M ay 17.

M ay 24.

M ay 31.

June 5 .

Sales of the week.......... bales.
48.000
75.000
•17,000
56.000
Of which exporters took .. .
2,490
1,800
900
1,000
Of whioh speculators to o k ..
700
1,000
1,100
Sales American............. . . . . . .
47.000
72.000
16,000
54.000
Aotnal e x p o r t . . . . . . . . . . . . . . . . . .
7,000
4,000
9,000
7,0001
Forwarded... . . . . . . . . . . ______
58.000
31,000
59.000
66.000
Total stock—Estimated
^ __________1,681,000 1.675,000 1,642.000 1,642.000
Of whioh American—Estin.’d 1,570,000 1,580,000 1,530,000 1,522,000
Total import o f the week.
66.000
34.000
61,000
41.000
Of whioh Amerioan
57.000
23.000
53.000
36.000
Amount afloat........... .
104,000
94.000 104 000 106,000
8 8 .0 0 0
Of which Amerioan.
75.000
75.000
78.000

1021

THE CHRONICLE.

J une 8, 1895.1

The tone of the Liverpool market for spots and futures ea h movement of the crop caused an advance. A limited amountday of the week ending June 7 and the daily closing prict s of business has been transacted in the spot market and prices
have followed futures. The sales yesterdly incluled No. 2
o f spot cotton, have been as follows*
mixed at l ^ c . over July f.o.b. afloat and No. 2 white at l}£c.
over July f. o. b. afloat. To-day the market was higher early
Thur8(i'y.
Friday.
Wed'day.
Tuesday.
Spot.
Monday.
Saturday
in the day with wheat but later there was a decline. Thespot market was moderately active; the sales included N o.
M od era te
Market, ¿
Quiet.
dem and.
2 mixed at 57>£@57%c. in elevator, yellow at 57J ^@ 57^c..
1:45 p. M . ij
in elevator and No. 2 white at 58J^c. f. o. b. afloat.
32732

Mid.Upl’ds

Sales. . . . . . .
Spec. A exp

>i

9

2
'S
tc

s
c
tr

Futures.

3%
8,000
500

8.000
500

c3

DAILY CLOSING PRICES OP NO. 2 MIXED CORN.

>
o3
2
c
W

X

0
W

Sat.

July delivery—. . . . . . . . .0.
September delivery....o.

Mon.

5738 56%
58% 577s

Tues.

Wed.

Thnrs.

55%
56%

5 6 Hi
57%

57%
58%

FVi.
57%58%

Oats for future delivery have been quiet and early in the
week prices eased off a trifle with wheat and corn, but sub­
sequently poor crop accounts caused an advance. In the
spot market business has been fairly active, but at irregular
Barel)
Very
Market, ?
stea d y
prices. White grades have declin* d but mixed grades have
■teadv.
4 p. m. \
advanced. The sales yesterday included No. 2 mixed at 33
The opening, highest, lowest and dosing prices of futures @33%c. in elevator and No. 2 white at 36c. in elevator. To­
at Liverpool for each day are given below. Prices are cn day the market opened higher but closed lower. The spot
the basis of Uplands, Low Middling clause, unless otherw se market was steady. The sales included No. 2 mixed at 38%
stated:
@ 3 4 ^ c. in elevator and No. 2 white at 36% c. in elevator.
Market, ?
1:45 p. M . $

Quiet a t

Qnlet at
3 64 de­
cline.

1 -0 4 d e ­
c lin e .

t y The prices are given in pence and 64 ths.
3 63-G4rf., and 4 01 m eans 4 1-64d.
S at., J u n e 1,

M on., June 3.

T hu s: 3 63 m eans

T u es., Jun e 4.

DAILY CLOSING PRICES OP NO. 2 MIXED OATS.

June delivery........ ,...o.
J u ly d e l iv e r y ............... .. o .

September delivery....o.
Open High Low. Clos.

June.........
June-July..
July-Aug...
Aug.-Sept..
8ept.-Oct...
Oct.-Nov....
Nov.-Dec...
Dec.-Jan..
Jan.-Feb.. .
Feb.-Mch.
Mch.-April.
April-May .

b

C
n
c

d.
3 50
3 50
3 51
3 53
3 63
3 54
3 51
3 55
3 56
3 57
3 58

c3

tí

W e d ., June 5.

Thurn., June 6.

d.
3 62
3 52
3 63
3 51
3 55
3 65
3 56
3 57
3 58
3 59
3 80

d.
3 50
3 60
3 5L
3 53
3 53
3 54
3 54
3 55
3 66
3 57
3 58

d.
3 52
3 52
3 53
3 64
8 55
365
3 6«
3 67
3 58
8 69
3 60

F r i., Jun e 7 .

June..........
June-July..
July-Aug..
Aug.-Sept..
8ept.-Oct.
Oct.-Nov..
Nov.-Dec...
Deo.-Jan....
Jan.-Feb....
Feb.-Mch.
Mch.-April.

d.
3 51
351
3 62
3 63
353
3 51
3 65
3 56
3 i7
8 68
3 59

d.
3 51
3 51
352
3 53
363
3 54
3 55
3 56
3 57
358
3 6a

tes

>
OB

u

bd

April-M ay..

B R E A D S T U F F S .
F r id a y , June 7, 1895.

For wheat flour the market has been quiet during the past
week, and spring grades have been easier in sympathy with
a decline in the grain. Winter grades, however, have con­
tinued in light supply and prices have been steadily main­
tained. City mills have sold moderately well at about steady
prices. Rye flour has been firmly held but demand has been
quiet. Corn meal has sold slowly, bub prices have held
steady. To-day the market for wheat flour was firm but
quiet.
There has been a decided shrinkage in the soeculative
dealings in wheat futures, and during the first h ilf of the
week prices steadily declined under liquidating sales by
“ longs,” prompted by improved weather conditions and more
favorable crop accounts from the West. Subsequently rumors
of a large shortage in the European rye crop and the report
of the Ohio State Board of Agriculture showing a decline of
13 points in the average condition of the crop as compared
with last month caused a sharp rally. In the spot market
shippers have been moderate buyers and prices have ad­
vanced. particularly for red winter. The sales yesterday in­
cluded No. 2 red winter on the basis of lj^c. over July f. o. b.
afloat. To-day the market was fairly active and during early
’Change prices advanced sharply in response to decidedly
stronger foreign advices, but toward the close realizing sales
by “ longs” caused part of the improvement to be lost. The
spot market was firmer but quiet. The sales included No 1
hard at 41^@4^c. over July f. o. b. afloat. No. 2 red winter
quoted at lj^c. over July f. o. b. afloat.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

Sat.

Jane d eliv e ry ............... o.
July d eliv e ry ...............o.
..G.
August delivery............
o.
September deli v e ry .....0.
o.
December delivery....... c.

83%
8 1%
82
8 2%
83%

Mon.
80%
81%
81%
82%
83%

Tues.

Wed.

Thurs.

F r i.

79%
8<t%
80%
81%
82%

79%
8 0%
80%
8 1%
8 2 78

81%
82%
8 2%
83%
84%

82%
83
8 3%
8 3%
85%

The speculation in the market for Indian corn futures has
been quiet, and early in the week prices declined under ad­
vices from the West reporting improved crop prospects, but
later sympathy with the improvement io wheat g-nd a reduced




....

Tues.

32 %
33
32%

Wed.

Fri.

Thurs.

33%
34
33%

33
33%
33

33%
33%
33%

FLOUR.

Pine................. $ bbl. $2 50© 2 80 Patent, winter.......... $4 20®$4 35
Superfine....... .
2 70® 3 10 City mills extras....... 4 20® . . . .
Extra, No. 2 . . . . . . . . . . 3 00® 3 30 Rye flour, superfine— 4 OJ® 4 5 0
Extra. No. 1 . . . .......
3 25® 3 55 Buckwheat flour.............. ® ___
Clears.. . . . . . . . . . . . . . . 3 40® 3 85 Com meal—
Western, &o.......... . 2 80® 2 9 0
Straights. . . . . . . . . . . . . 3 90® 4 35
Brandywine........
„ ^ . , , 3 00
Patent, spring.......... 4 40® 4 75
l Wheat flour in sacks sells at prices below those for barrels.]
GRAIN.

W h eatSpring, per bush..
Red winter No. 2 ..
Red w in te r .........
White.......... ...........
Oats—Mixed, per bu.

Oaen High Low. Clos.
d.
3 53
8 63
3 54
3 55
3 54
3 61
8 66
3 68
3 58
3i9
3 61

Mon.

32%
33%
33%

The following are closing quotations:

No.
d.
353
3 53
3 54
3 55
8 55
3 66
S 54
3 67
3 58
359
361

Sat.

32%
33%

0.
78 ®
82% 9
76 ®
80 ®
33 ®
36 ®
33%®
36%®

Com, per bush—
e.
West’ u m ix e d ......
88
No. 2 mixed..........
84%
Western yellow ...
83
Western White___
86
Rye—
35
Western, per bush.
43
State and Jersey..
34%
37% Barley—No.2 West’n
State 2-rowed.......
State 6 -row ed .....

0.
0.
58 ® 59
57% » 58%57 ® 59
57 ® 59

...» ®

....
....

®

m
m
m
m

®

mmmm

.... »

.... ®
P r o d u c e E x c h a n g e E l e c t i o n . — The annual election on
the Produce Exchange, held Monday, June 3, resulted a®
follows: President, Henry D. McCord; Vice-President, Frank
Brainard, of Brainard Bros.; Treasurer, E. C. Rice, o f Rice,
Quimby & Co. Managers -t w o years: F. H. Andrews, James
Doyle, Perry P. Williams, J. B. McMahon, H. A. McGee and
E. T. Barrows. Inspectors of Election—George B. Ferris, F.
M. Carney, A. L. Holmes, Alexander Elson, Levi Angevineand J. J. D. Trevor. Trustee of Gratuity Fund, to serve threeyears, L. Spence.
The movement of breadstuffs to market as indicated in the
statements below is furnished to us by the Statistician of the
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending June 1, 1895,
and since August 1, for each of the last three vears:
Oats.
Barley.
Corn.
Wheat.
Flour.
BbU.Wñlbs Bush.60 lbs BushM lbs But/».32 lbs Bush.48 lbs
62,339
79,175 2,762,753 2,123,554
39 935
Jhloago........
39,200
305,000
53,300
140.950
31,950
Milwaukee...
585
18,381
288,835
105,351
Duluth........
57,750
748,850
Minneapolis.
4,200
91,500
2,600
159,700
1,196
i'oledo..........
1,800
27,514
75,142
11,263
2.970
Oitroit.........
20,228
19,337
20,880
9,870
Cleveland....
161,055
243,405
234,631
17,180
St. Louis.......
8,400
685,800
324,33 )
23,400
18,450
Peoria...........
10.310
30,799
........
Mansas City.
116.554
3,342.160
236,902 1,81.2,402 3.579,954
Tot,wk,»95.
114 335
292,816 1,348 333 3,041,611 2,623,923
lame wk,’94.
187,855
296,488 2,919,699 4,224,744 3,831,471
lame wk,’93.
lines Aug. 1.
1894-95...... 10,491.373 135,530,009 70,828,359 83,632,470 30.811,131
1893-94. ... 1Í.538.711 139,961,107 138,812,671 106,830,895 28,143.318
1892-93..... 11,163,83d 222,011,482 100,105,631 93,5t 1,872 23,861.516
Receipts at—

live.
B u M Tb».
23,800>
13,516

4^20041,915
25,450
51,235
2,459,452*
3 202,271
6,937,582?

The receipts of flour and grain at the seaboard ports for tbfr
week ended June 1, 1895, follow :
Corn,
bush.
235 025
2-23,9 49
2Í5.6H
2 *,304
152.962
9,290
17,322

Oats,
bush.
431.300
216, *28
2 i.2 »0
04.577
70,110
9,550
21,63»

951,960
738,935
Total week........, 357.824
, 399,794 1,138,952 1,413,8 U

847,601
723,508

Receipts at—

Philadelphia
Baltimore......
R ich m o n d ...

Flour,
bbls.
. 123.012
, 62,68?
, 32 6 ?3
, 518 >6
. 02,743
,
5.570
, 14,283

Wheat,
bush.
4 '8 0 )0
53.9 ‘7
101,775
22,105
60,753
22.4-jO

Bariev
bush.
800
•• a •••
...........
830
5,930

Rye,
bush.

13,tl8-

13.41

87„.

The total receipts at ports named in last table from Jan, 1
to June 1 compare as follows for four years :
1892.
7,720,805-

1895,
6,6*2,530

1394.
8.281.231

1893.
7,813,035

W heat...............bush. 13.782,651
C orn..................
O a ts..................
B arley.............. ............ 1,500,959
16K.I35
R y e »................

11,042,78«
28,125.058
14.052,325
1,759,029
108,870

21.39 i.303
19,901.127
17.014.304
2,520.803
462,331

42,706 194
5 7, «5 2.-40
21 075.638
2.737.813
2,318,947

T otal grain, .......... 44,930,340

55,087.368

61,353,373

126,220,295

Receipts of—
Flour................ ..bbls.

1022

THE CHRONICLE.

fVoL. LX

The exports from the several seaboard ports for the week
ending June 1, 1895, are shown in the annexed statement :

, The value of the New York exports for the year has
be*1« $3,665,330 in 1895 against $5,056,576 in 1894.
Various advances of J^c. per yard have been reported dur­
11,814
ing the past week, which show that fine browns of Eastern
...... .
P ortla n d ....... ........ .
manufacture are improving in value as well as the coarse
Philadelphia.........................
*25,984
' 38 539
yarn Southern makes. The advances include such prominent
B altim ore...............
88 000
102.714
43,893
New Orleans...........
3i>,0>X)
45.181
tickets as Pepperell, Lockwood, Atlantic and Comet. Brown
623
N orfolk ........................................
drills are heavily sold ahead on both home and export ac­
Newport N e w s ...................
•i.06.058
129,375
M ontreal.................. 291,671 It 0,137
38,389
4.273
10,928 count. Brown osnaburgs are firm but quiet. Bleached shirt­
ings show advances of J^c. in grades from 5o. to 6c. per yard
„ T o t a lw e e k .......... 679.622
73 >,853
371.274
11,814
4.273
15.437
-Same tim e 1894......1,160,494
in a number of instances, and in liw grade 64 squares the
917,768
287.908
32,410
69,227
The destination of these exports for the week and since market has a hardening tendency. Fine muslins and cam ­
fsept. 1,1894, is as below. W e add the totals for the corres­ brics are well sold and firm. W ide sheetings are firm and
have sold more readily. No change in cotton flannels or
ponding periods o f last year for comparison :
■Flour,
•Wheat..
----------Com.----------, blankets. Denims continue dull and without improvement
Exports fo r
Week
Week Since Se
in price ; ticks firm and occasionally % c. dearer ; other coarse
Week Since Sept
week and since June l.
June 1.
1, 1894.
_ Sept. 1 to—
bbls.
colored cottons quiet at previous prices. Kid-finished cambush.
United Kingdom 2*8.773
13.444.7S7 brics and other finished linings are quiet, but previous prices
‘Continent...........
37,771
6.125.923 maintained. Fancy calicoes for fall have been opened this
8. & C. A m erica.. 20,383
147,113
W est Indies........ 28,v98
401.176 week and fair orders taken, mostly subject to prices to be
•Brit. N. A. Col’s.
5,600
77.831
Other countries..
449
30,932 named later; these are expected to be on the basis o f 5*^o. for
standard fancies.
Indigo blues, shirting prints, solids,
T o t a l................. 371,274 9.993 544
6 79.622
"Total 1894.......... 287,906 10,373,325 1,180.494
— PH
___ staples and other regular lines firm but quiet. Dark dress
The visible supply of grain, comprising the stocks in granary ginghams are ia moderate request, napped fabrics in fair de­
at the principal points of accumulation at lake and seaboard mand and staples steady but firm. Print cloths have ruled
steady all week at 2 13-16c. for extras but business has been
•ports, June 1, 1895, was as follows :
small.
Wheat,
Com,
Oats
_
. _
Export» from —
New York................
B oston .....................

Wheat.
bush.
83,151
186.30J

Com.
bush.
176.108
170,606

In store at—
bush.
New Y ork................... , 5,373,000
Do
a flo a t....... . 116,000
A lb a n y .......................
B uffalo........................! 1,546,000
Do
afloat........
C h ica go..................... .!18,902,000
Do
afloa t.......
M ilwaukee................ . 283.000
Do
a floa t..........................
© n in th ........................, 9,600,000
Do
afloa t.......
. 391,000
D etroit....................... . 401,000
Oswego........................ ,
8.000
St. Louis..................... 528,000
Do
afloat........ .
12,000
Boston........................ . 660,000
T o roa to.......................
43.000
Montreal..................... 2« 5,000
Philadelphia..............
233.000
Peoria..........................
30.000
Indianapolis..............
47.000
Kansas City................ , 165,000
Baltimore...................
633.000
Minneapolis........
12,346,000
Bt. P a u l......................
On Mississippi River.
O n Lakes....................
620 000
*®n canal and r iv e r ... 248,000
Total June 1.1895.52,229.000
Total May 25,1896.54 244.000
Total June 2, 1894.69 395,000
Total Jane 3.1898.71,081,000
Total Ju n e 4,1892.27.910,000

Flour.
bbls.
89.344
30,581

bush.
235.000

Oats.

*15.000
531.000

bus it.
1,458.000
•3.000
76,000
565,000

5,381*,OCK)

2,457,000

é ë io ô o

Barley
bush.
8,000

38,000

43,000

151 000
24.000
17.000

4.000
1.000

161.000

27.000
64.000

77.000
24.000
P5.000
191,000

116.000
194.000
276.000
5,000

71.000
181.000
13*4.000
139,000

1.00Ò
1.561,000
432,000

16.0ÓÒ
1,126,000
1,078,000

Peas,
bush.
4.509

Rye,
bush.
8,000

"*6,000
" 6,000

12,000
1,003,000

10.762.000
8,978 000
7.496 000
8,18-.000
4.478.000

Rye.
bush.

1895.
Stock o f P rin t Oloths—
June 1.
At Providence, 64 squares. ............... 158,000
At Fall River, 64 squares.. ............... 24,000
At Fall River, odd sizes.... ............... 70,000

"Ï.ÔÔj
**2*8,000

Total stock (pieces).... ............

1894.

1893.

June 2.

June 3 .

271.000
466.000 >
146.000 $

252,000

78,000
8,000

883,000

86,000

W oolen Goods.—The most interesting feature this week
* l'.O'ÓÒ has been the resumption of work at the Olney ville Mills. This
will gradually relieve both sellers and buyers from some anx­
2,000
10,000 iety regarding supplies for the balance of the heavy-weight
season. In the market itself there has been little development
of importance. Reorders are somewhat more liberal for men’s
wear fabrics, but still business i3 decidedly moderate and
2.000 largely confined to black and blue staples and low-priced
fancies. Cotton-warp goods have been in rather better requpsfc. Overcoatings are quiet and featureless and cloakings
dull throughout. Flannels are firm but quiet and blankets
quiet and occasionally five per cent dearer, Carpets in an
unsettled condiiion for fall owing to low prices qu >ted in some
leading makes. Woolen and worsted dress goods firm, but
orders in Afferent.
Foreign Dry Goods.—The market has been quiet through­
out, and apart from the strength in French dress goods and
in mohair fabrics without feature of special importance.

7,000

8.626,000
7,390.1100
2,6 6,000
4 636.000
3,369.000

Im p o r t a tio n « a n d W a re h o u s e W it h d r a w a ls o f D ry G o o d s

THE

DRY

GOODS

TRADE.

J une 3.

Week. Since Jan. 1.

’Great B ritain....
Other European.
China..................
"India............. .
Arabia.................
A frica........... .
W est In d ie s ......
M exico................
Central America,
•fioutb America..,
Other Countries.,

39
8

Week. Since Jan. 1.

361
11
87
909
127

2,605
1,302
19,298
3,332
13,120
3,663
7,971
] ,380
4,613
22,435
2,621

3,956
1,900

82,240
9,700

2,516
....

93,513
8,878

T o t a l ................. .
3,956
91,940
* From New England mill points direct.

2,516

102,396

T o ta l............. .............
China, via Vancouver*,..




265
2,149

154
89
426

2,908
1,634
40,307
4,469
8 ,6 0 0

i¥ i
78
536
866
186

3,294
9,003
834
3 .U 7
17,899
1,463

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New Y ork , F r id a y , P. M., June 7, 1895.
The strength of the market for plain staple cottons is the
3nost noticeable feature of the situation, as even with but a
quiet demand coming forward prices give daily indications
o f the movement towards a higher general level. There is in
fact so large a proportion oi current production in both
brown and bleached cottons covered by existing contracts
that the supplies coming upon the market unsold are appar­
ently insufficient to meet even the current moderate new de­
mand, and sellers are steadily working into still stronger
^position. Such a condition on the.eve o f what is recognized
as the usual opening o f fall trade suggests interesting devel­
opments during the next few weeks, unless the demand for
the coming season should be kept within much smaller
dimensions than appears likely. Fall business in fancy prints
has assumed shape this week with the opening of new lines
although prices are not settled yet, and promises fair results’
Reports from out-of town markets are encouraging, the re­
turn of warm weather having had a beneficial effect on the
distribution of seasonable merchandise and helped crop pros.pects materially.
D o m est ic Cotton G oods.—The exports o f cotton goods
from this port for the week ending June 3 were 3 956
packages, valued at $160.217, their destination being to the
points specified in the table below:

The importations and warehouse withdrawals of dry goods
at this port for the week ending June 6, and since
January 1, 1895, and for the corresponding periods of last
year are as follows:
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THE CHRONICLE

J une 8, 1895.1

State

ahd

such action has been or may be less than fiveCity Detaptment. inhundred
dollars. Appeals from any inferior court to any
appellate court, including an appeal to the court of appeale-

TERM S OF S U B S C R IP TIO N .
T h e I nvestors ’ S upplem ent

will

be

furnished

without extra charge to every annual subscriber of the
C o m m ercial a n d F i n a n c i a l C h r o n ic l e .
T h e State a n d Ci t y S upplem ent will also be fur­
nished without extra charge to every subscriber of the
C h r o n ic l e .
T h e S treet E a i l w a y S upplem ent will likewise
be furnished without extra charge to every subscriber
of the C h r o n ic l e .
T h e Q u otatio n S upplem ent , issued monthly, will

also be furnished without extra charge to every sub­
scriber of the C h r o n ic l e .
TEEMS for the C hr o n icle with the four Supple­
ments above named are Ten Dollars within the United
States and Twelve Dollars in Europe, which in both
cases includes postage.
Terms of Advertising—(Per inch space.)
One tim e. . . . . . . . . . . . . . . . . . . . $3 50 I Tnree Months (13 tim es)..$25 00
One Month
(4 times).. 11 00 Six Months
(26 tim es).. 43 00
Two Months
(8 times).. 18 00 |Twelve Months (52 times).. 58 00
(The above terms for one month and upward are for standing oards.)

T h e purpose o f this State and City Department,
is to furnish our subscribers with a weekly addition to and
continuation of the State a n d C i t y S upplem ent . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
Sta te an d Cit y Supplement to as near the current date as
possible. Hence every Subscriber will at all times possess a
complete and fresh cyclopaedia of information respecting
Municipal Debts.

New York’s New Laws.—W e give below the full text of
the Stanchfield bill for the protection of bona fide purchasers
and holders of municipal bonds issued by the minor civil divi­
sions of the State of New York. The act has recently become
a law by the approval of Governor Morton.
AN ACT for the protection of bona fide purchasers and
holders of coupon bonds and of municipal corporations against
misfeasance, malfeasance or negligence o f public officers.
Sec. 1. Any bona fide purchaser and holder o f any bonds or
other obligations for the payment of money payable to bearer
and transferable by delivery, and any such purchaser and
holder of any interest-bearing coupon or obligation originally
attached totuch bonds, which said bonds or coupon shall have
been issued or put in circulation by means o f the misfeasance,
malfeasance, or negligence of any public officer, o f any of
the civil or municipal divisions of this State, whose right of
recovery or cause of action upon any such bond or coupon
has been, or shall be determined by the judgment of a court
of competent jurisdiction in any suit or action, or who has
been or shall be a privy to such suit or action, may within
three years after the determination of said right of recovery
and cause of action begin an action against such officer, and
recover all damages which said purchaser, holder or privy
shall have suffered because of the misfeasance, malfeasance
or negligence o f such public officer.
§ 2. Any municipal corporation within this State, or any
civil division of this State, which has been or shall be com­
pelled to pay any negotiable bond, or any coupon originally
attached to such bond, by the judgment of a court of com ­
petent jurisdiction, because of the misfeasance, malfeasance
or negligence of any public officer or agent of such municipal
corporation or civil division, may within three years from
the time when such payment shall have been compelled as
aforesaid, begin an action against any such officer in any
court of competent jurisdiction and recover the amount so
paid with interest from the time of such payment.
§ 3. No limitation of the time for commencing an action
shall affect any of the actions hereinbefore mentioned except
as herein provided, and in such action an order of arrest and
an execution against the person of the defendant may be
issued in the manner and form provided by the code of civil
procedure against a person who shall have wrongfully misap­
propriated money held by him in a fiduciary capacity.
§ 4. In any suit or action upon any coupon or coupons
hereinbefore mentioned, or upon any bonds hereinbefore
mentioned, or to recover any damages hereinbefore men­
tioned, any party to suoh action shall have and is hereby
granted a right of appeal, to the general term or appellate
division of the supreme court from the judgment of any trial
court, or to the court of appeals from any judgment
of the general term or of the appellate division of the
supreme court, although the amount in controversy




1023

although the amount in controversy may be less than five'
hundred dollars, from any judgment in any suit or action torecover against any municipal corporation or civil division of
this State upon any negotiable bonds or upon any coupon
originally attached thereto, issued or put in circulation by
the agents or officers of such municipal corporations or civil
division of this State, may be taken by any person who has*
been or shall be bound as a privy by such judgment within
sixty days after such privy shall have been served by any o f
the parties to such civil action, with a copy of the said ju dg­
ment and with a written notice of the entry thereof, and
said appeal may be taken in the name of such party withoutentering an order of substitution as such party by said personso bound as a privy, upon his giving the security and serving
the notices of appeal prescribed by the code of civil procedure
concerning an appeal by a party to such an action, and alsoupon giving to the party in whose name such an appeal istaken an undertaking with two sufficient sureties conditioned
in the penal sum of five hundred dollars, to save such party"
to such action in whose name such appeal shall be taken
harmless of and from all costs and disbursements which may
be recovered against him upon such appeal, which said
undertaking shall be approved as to its form and as to the
sufficiency of the sureties thereon by justices of the supreme
court. Slid appeal when so taken by said privy shall be con­
ducted and determined in the same manner as if taken b y
said party of the said action, except as herein otherwise pro­
vided.
§ 5. This act shall take effect immediately.
The new savings bank act has also become a law by receiv­
ing the signature of the Governor. The text of {his law wasprinted in the Chronicle of May 25th, Vol. 60, page 839.

Minneapolis Water-Works Bonds.—The validity o f $300,000 of 4 per cent water-works improvement bonds of the city
of Minneapolis, Minn., which were awarded to Messrs. W . J ,
Hayes & Sons, o f Cleveland, on April 29th, has been ques­
tioned and it is reported that the sale has been canceled.
Through the courtesy o f Messrs. Hayes & Sons we print be­
low the opinion of Messrs. Storey & Thorndike, of Boston,,
upon the issue. The opinion is especially interesting, as it
raises the question, which has been variously decided in dif­
ferent States, as to whether securities which are held in a
city’s sinking fund but which may at any time be re-sold by
the city and become again outstanding obligations should bededucted from the city’s total debt in figuring the municipal'
borrowing power.
Messrs. W . J. H ayes & Sons—
Gentlem en: W e have examined the papers you submitted1
to us relating to the proposed issue o f $200,000 of four per
cent water-works improvement bonds of the city of Minne­
apolis, Minnesota, to be dated 1st January, 1895, and payable
in 20 years. These bonds are to be issued under authority o f
an act approved 12th April, 1893 (Laws 1893, c. 204), and wecannot certainly advise you that this issue would not exceed
the limit of debt prescribed by section 2 of the act.
The section referred to provides that no city shall issue
bonds in excess of 5 per cent of the assessed valuation o f its
taxable property without an election of the city voters. From
the debt statement before us it appears that the assessed valu­
ation o f Minneapolis for 1894 was $134,476,572, of which 5 per
cent is $6,723,920; but it also appears that the aggregate
amount of bonds of the city unpaid is already in excess o f
that limit ($7,465,000, not including the proposed issue).
In order to justify the issue of bonds the city proposes t o
deduct from its total debt the amount of securities and cash
in the sinking fund, amounting to over $1,000,000. A part o f
these funds is invested in bonds of the city to the amount o f
$705,000, and it is certainly a grave question whether sucE
bonds are to be considered any longer as debts of the city.
But the charter of the city, c. 5, s. 14, provides that bonds o f
the city held in the sinking funds shall not be canceled, and.
if necessary shall be sold to pay other bonds becoming due,
and consequently those bonds may become debts of the city
of the same effect as bonds outstanding in the hands of third
persons at any time.
A similar question to this was decided in an elaborate
opinion by the Supreme Court of New York in Bank vs. Grace,
102 N. Y ., 313, where it was held that city stock in the sinking
fund of the city was not debt, although it might be sold. In
a more recent case the Suoreme Court of Pennsylvania ren­
dered a decision to like effect (Brooke vs. Philadelphia, 162 Pa.
123). In this case, however, the Chief Justice dissented and
especially on the ground that such bonds could be re-sold and
become an outstanding liability at any time.
Upon so grave an issue it is impossible to sav to what de­
cision the courts o f Minnesota would come, and we cannot
therefore advise you that the proposed issue of bonds would
be within the limitation of the act and would be duly author­
ized.
Our attention has been called also to the provision of c. 10,
s. 29, of the city charter, permitting the amount of funds and
securities in the sinking fund to be deducted in ascertaining
the debt of the city in certain cases, but it seem3 to us that

1024

THE CHRONICLE.

this provision relates only to the issue of hoods therein men­
tioned, that is to say, permanent improvement revolving fund
bonds. It cannot have the effect of enlarging a power
granted by the later act in reference to the issue of other
bonds.
(Signed) S t o r e y & T h o r n d ik e .
Middlesborough, Ky.—The City of Middlesborough, K y.,
'has defaulted in the payment of interest on its municipal bonds,
and in answer to our inquiries City Treasurer Henry Steele
makes the following statement:
“ Owing to the stringency of the times the city and the
fiscal agent for the bondholders made an arrangement by
which a reduction in interest of from six to four per cent for
five years, beginning on April 1, 1895, has been entered into,
and $124,000 of the bonds, or rather those holding that
amount, have agreed to accept the arrangement, and the
fiscal agent writes that he thinks the others will agree to the
same.
“ There is sufficient money in the treasury now to pay off
1;be April 1,1895, coupons at the reduced rate, but unfor­
tunately the City Council is and has been in a dead-lock since
February last, owing to the aspirations of some of our Councilmen for the office of Mayor o f the city on account of the
-ex-Mayor, Mr. Colson, being elected a member of Congress at
the November election, 1894.
“ Our Circuit Court meets on July 1, when we hope to get
the matter in such shape that the April 1, 1895, coupons can
*be paid.
“ There is a large amount of back taxes due the city, and
when that is collected in there will be nearly sufficient funds
to pay off the b ick indebtedness on the bonds.
“ The prospects for our industries starting up soon is very en­
couraging, and it is the hope o f those interested in the city’s
welfare that we shall soon be able to extricate ourselves from
our indebtedness. Under our laws I am unable to pay off the
coupons without authority from the City Council, and under
the present conditions I am unable to get that authority.”

B o n d Proposal* and N egotiations.—W e have re­
ceived through the week the following notices o f bonds
recently negotiated and bonds offered and to be offered for
sale.
Allegheny, Pa.—On June 1, 1895, the city o f Allegheny
■sold $600,000 of 4 per cent registered water extension bonds to
the German National ‘ Bank of Allegheny at 106 ■712. The
securities are dated June 1, 1895, in'erert will be payable
semi-anrually on June 1 and December 1, and the principal
will m a tu re at the rate of $100,000 every five years from June
1, 1900, to June 1, 1925, inclusive. Twenty-seven bids were
■received for the loan as follows:
W. R. Thompson & Co., Pittsburg . . . . . . . . . . . 1<>2
Pittsbûrg Tru-t Company, P ittsbu rg.......... 106*245
N W. Harris & Co., Chicago ......................... 104-878
Z. T. Lewis&Co , D ayton.......... ............... 104 470
Nat. Bank of West Pennsylvania, Pittsburg. 10t*639
JE. F. Rollins <fc Sons, B oston ............. .
104-639
E. EC. Gay Co., C h icago..... . . . . . . . . . . . . . . . . 104-' 37
iisanpreeht Bros. Co., Cleveland.................... 10V934
German National Bank, Allegheny............... 106-712
■Blake Bros. & Co., New Ytnk.......................... 106-09
R . L. Dav & Co. New York .......................... 106-09
Farson, Leaoli & Co., New York.................... 104 148
'Rudolph Kle> bobe & Co., Cincinnati........... 106 70
Fidelity l itle & Trust Company. Pittsburg. 106-63
Brewster, Cobh & Es cab rook. Boston........... 106 -63
Blodget, Merritt & Co., B oston .................... 106-61
Street, Wykes & Co., New York..................... 106 015
Philip F. Kelly. Puilad^lphia....................... 103-65
Brown Bro . <&Co., Philadelphia.................. 105-57
Drexel & Co., Philadelphia............................ 106-38
'Blake & Co.. Pr.iladelphia.......... . . . . . . . . . . . 10636
Edward C. Jones & Co., New Y ork ............... 102-160
S. A. Kean, C h ica go....................................... I d
Toland Bros. & Co.. Philadelphia_______ 104-966
Wm J. Wilson, Boston...... .
.................... 103 6 .'5
-Cushman, F sher & Co.. Boston............" 1 " ! l<>5-t33
W. I. Quiutard, New Y ork.............................. 105-29

Am ount bid for.

$6l>,OoO 00
637 ,4 '0 00
629,268 00
626,*21 00
627.834 00
627.834 00
624,222 00
635,607 00
640.272 OO
636.540 00
636.540 00
624.887 53
640.200 00
639,7*0 00
639,760 00
619,7*0 00
63",900<0
621.900 O'*
633,425 00
63 *,040 <0
638,' 40 00
612,960 <0
606,000 00
6 29,800 00
621,750 00
630.798 60
631,740 00

Each bidder added a waiver of accrued interest. Comp­
troller Brown ¿will sell $800,000 of sewer and other bonds
shortly.
Atlanta, Ga.— J. H. Goldsmith, City Comptroller, reports to
the C h r o n ic l e that an election held M ay 30 on issuing $150,*
■000 of 4 per cent 30-year water-works bonds resulted in the
-defeat of the proposition. The law required that two-thirds
of the registered vote should be polled in favor of the issue,
and while very few votes were cast against the bonds, yet the
requisite number failed to vote.
A tlantic City, N. J .—It is reported that a number of bids
have been received for the $775,000 of 5 per cent water bonds
which were advertised for sale on June 3, but owing to pend­
ing litigation with reference to the purchase of the water­
works the opening of the proposals will be indefinitely post­
poned.
Auburn, N. Y.—On June 1, 1895, the City o f Auburn
sold $100 000 of 4 per cent coupon water bopds to Messrs.
Walter Stanton & Co., Messrs. Storrs & Smith and Messrs.
Ben well & Everitt. The securities are dated May 1, 1895, in ­
terest is payable semi annually on May 1 and November 1, and
the principal will mature at the rate of $12 000 yearly from
May 1,1896, to May 1, 1899, then at the rate o f $13,000 yearly
from May 1, 1900, to May 1, 1903, both principal and interest




[V o l.

LX.

being payable at the office of the Mercantile Trust Company.
New York.
Battle Creek, Mich.—An election will be held in this city
to vote on issuing $30,000 of water-works extension bonds.
It is also reported that $10,000 of sewer extension bonds
have been voted by the Council.
Brooklyn, N. Y.—On June 3, 1895, the city of Brooklyn
sold $435,U00 of 4 per cent registered local improvement bonds
and $100,000 of 4 per cent twenty-sixth and adj icent wards
sewer bonds to W. I. Quintard at 111-79 and accrued interest.
Nine bids in all were received for the no ads. Tne securities
are dated June 6, 1895, interest is payable semi-annually on
January 1 and July 1, the improvement bonds maturing at
the rate of $100,000 yearly from January 1, 1925 to 1938, and
$35,000 on January 1, 1929, and the sewer bonds maturing
January 1, 1928. The bonds are exempt from all taxation ex­
cept for State purposes.
Brow nsville, Texas.—It was erroneously reported that an
election would be held at Brownsville on May 7 to vote on
issuing $50,000 of road and bridge bonds. Thomas Carson,
Mayor, writes us that no election was held nor was there any
issue of bonds in contemplation for any purpose.
Brunswick," Maine.—Four per cent sewer bonds of this
town to the amount of $30,000 have been voted.
Chattanooga, Tenn.—Hon. S. C. Pyott, Mayor, writes the
C h r o n ic l e in reference to an act recently passed by the Leg­
islature enabling Chattanooga to issue $200,000 of railroad aid
bonds that the issuance of the bonds depends, first, upon the
locating of shops which are in contemplation, and, secondly,
the matter will have to be submitted to a vote of the people.
Chicago, 111.—It is reported that Mayor Swift of Chicago
has announced his intention of asking the Legislature to pass
a bill authorizing the city to issue bonds for $7,0b0,000,~ the
proposition to be submitted to a vote of the people at the next
general election. A current news item states that although
the $2.748,000 of 4 per cent refunding gold bonds, which
were offered for sale on June 5th, have not yet been awarded,
they will probably go to Messrs. Speyer & Co., o f New York,
who bid 104*645. The securities will be dated July 1, 1895,
interest will be payable semi-annually at the American
Exchange National Bank, New York City, and the principal
will mature in 20 years. They are to be issued to refund
$1,485,000 of water bonds and $1,263,000 of river improve­
ment bonds maturing July 1, 1895.
Chicopee, Mass.—This city will borrow $20,000 in anticipa­
tion of taxes.
Custer County, Mont.—A call has been made for the pay­
ment of Custer County bonds numbered from A 1 to A 125,
inclusive, from B 1 to B 250, inclusive, and from C 1 toC 241,
inclusive. Interest on these bonds will cease July 1, 1895, at
which time they will be paid upon presentation at the office
of Messrs. Kouatze Bros., New York.
Delaware.—On June 6, 1895, the State of Delaware sold
$35,000 of
per cent coupon hospital improvement bonds.
A list of the bids received is as follows:
Security Trust <Sr Safe Deposit Co., Wilmington, Del............$36,568
E. H. Rollius & 8oos, Boston.................................... ................. 36,414
Biair <fc <’o.. New York City....................J......................36,031 85
Street. Wykes <te Co . New Yotk C ity....................................
35,941
II. L. E v» ds <&Co., Wilmington.................................................. 35,546
N. W. Harris & Co., New Vork C it y ............................ 35,n *2
FarsoD, Le-ich& Co.. New Yo k Citv........................... . . . . . I " 35,405
Equitable Guarantee & Trust Co.. Wilmington............. 35,360
Whann & 8oltlesinger, N* w York C ity ..................................... 35.311 50
E. Mor ison, NewYo k City ...............
35,262 50
George M. Hahn, New York City ....................
35,199 50
Edward C. Jones Co., New York City....................................... 35,087 50

Interest on the loan is payable semi-annually on January 1
and July 1, and the principal will mature July 1, 1915, with
an option of call on or after January 1, 1906. The bonds are
to be delivered and paid for July 1, 1895.
Delaware County, Ohio.—Six per cent one to ten year
ditch bonds of this county to the amount of $1,935 were sold
on June 5 to the Deposit Banking Company, Delaware, for a
premium of $146 50 ; also $5,600 of 5 per cent one to sixteen
year road bonds to the Delaware Savings Bank at a premium
oi $162 50. The secuiities are dated June 5,1895.
Fall River, Mass.—Four per cent 30-year public library
bonds of this city to the amount of $75,000 and reservoir
bonds to the amount of $50,000 have been sold to Messrs. B. L.
Day & Co. at 110 097.
Fort Collins, Col.—Proposals will be received until June
17, 1895, by R rbert S. Fedder, City Clerk, for the purchase of
$105,000 of 5 per cent 5-20-vear refunding water bonds. In­
terest will be payable semi-annually.
Grant Connty, Ind.—It is reported that 5 per cent bonds
of this county to the amount of $25,000 have been a warded to
the Indiana Trust Co. at 105’46. The average time of the
hoods is 5 years.
Greenville Connty, S. C.—Proposals will be received until
June 18 by D. W. Holland, Supervisor, for the purchase of
$25.000 of railroad aid bonds. The loan will be dated July 1,
1895, will bear interest at the rate o f 6 per cent, and will ma­
ture July 1, 1920.
Hempstead, N. Y.—The people of this village have voted
in favor of issuing $46,500 of water works bonds.
Htbbing, Minn.—Proposals will be received until June 11,
1895, by J, B. Connors, Village Recorder, for the purchase of

THE CHEONICLE

J une 8, 1895.]

$11,400 of 7 per cent water and light bonds. The securities are
dated May 15, 1895, interest will be payable semi-annually on
Jan. 1 and July 1, and the principal will mature May 15, 1905.
H arrison County, Ohio.—Below is a list of the bids received
on June 1 for $20,000 of 5 per cent county court-house bonds.
A m ount bid.

N. W. Harris & Co., Chicago, 111.................. ........................... ..$ 2 « .8 '0 oo
Lam) reebt Bios. Co , Cleveland. O...... . . ................................. 20,867 50
Seasongood & Mayer. Cincinnati, 0 .......................................... 20,865 00
Dietz. Dennison & Pryor, Cleveland, O.......... ........................ 20,»56 75
Z. T. Lewis, Dayton, O ....................... ............ ............. ............ 20,850 00
W. J. Hayes & Sons, Cleveland, O..... ............ ........................ 2 *,821 00
Rudolph Kleyboite & Co., Cincinnati, O.................- ............ . 20,818 00
20,806 00
Mason, Lewis & Co . Chicago, 111.......................... .......... .
Bogers <V Sons, Bedford, O ....................................................... 2u,7e6 00
■E. H. Rollins & Sons. Boston, Mass.......... ............................... 20,667 so
C. H. White & Co., New Y o r k .................................................... 20,625 00

1025

The Knickerbocker Trust Company bid for the whole
amount on a 3 37-100 per cent basis.

Lewis and Clark County, Mont.—Notice is given by the
Board of County Commissioners of Lewis and Clark County,
Montana, that the $190,000 of 6 per cent county court house
bonds are called for payment and will be redeemed at the
Third National Bank of New York City on July 1, 1895, with
accrued interest to that date.
The official notice o f this bond call w ill be fou n d am ong the
advertisements elsewhere in this Departm ent.

Massachusetts.—On May 31, 1895, the State of Massachu­
setts sold $400,000 of 3 ^ per cent “ State Highway Loan”
Three thousand dollars of the bonds will mature May 1,1896; bonds to E. H. Gay & Co. of Boston at 110*13 and accrued in­
$1,000 November 1, 1896; $1,000 May 1, 1901; $3,000 May 1, terest. The securities are dated April 1, 1895, interest is pay­
1902; $2,000 November 1, 1902; $5,000 May 1, 1903, and $5,000 able semi-annually on April 1 and October 1 and the principal
will mature April 1,1920.
November 1, 1903. Interest is payable semi-annually.
The bids received for the bonds were as follows:
Kings County, N. Y.—On June 6, 1895, Kings County sold
bid for.
Price,
$250,000 of 4 per cent registered public building improvement E. H. Gay & C o .......................... ..........................Amt.
$400,000
110*13
bonds to Messrs. Blake Bros. & Co. at 108 91 and accrued in­ E. H. R oIIIds & Sons.................................. .......... 400.000
108*531
terest. Interest is payable semi annually on May 1 and N. W. Harris & C o................ ............................ 400,000
108)41
Blake Bros. & Co. and R. L. Day & Co............... 40 ,000
108*316
November 1 and the principal will mature at the rate of $25,- 8eam
n’ n Bank for Savings............................. .
200,000
108*23
■900 yearly from May 1, 1910, to May 1, 1919. The bids re­ W. 1. Q uintar!............................................. ........... 400,« 00
107*91
ceived for the loan were as follow s:
Harvey Fisk & S o n s ............ .......................
400,000
107*79
Amount.

Benedict Bros........'.....................................
Hamilton Trust Co............................. .
do
do
......................................
Far son, Leach & C o................ ....................
Isaac W. Sherrill.........................................
W. E. R. Smith...............................................
W. I. Quintard...............................................
L. W. M orrison..................... ......................
•Geo. M. H a h n ................. . . . . . . . . . . . . . . .
Storrs & Smith..............................................
N. W. H a r ris * Co.......................................
Blake B ios........................................ ..........
Kings County Savings Institution............
do
do
do
....... .
do
do
do
do
do
do
. . . ....
D. A. Moran & Co.......... ..............................
Ben well & E v e ritt.............................. ........

$2r 0,000
25.000 due 1910
25.000 due 1911
250.000
250.000
250.000
250.000
250.000
250.000
250.000
250.000
25' ,0u0
25.000 due 1910
25.000 due 1911
25.000 due 1 9 12
25.000 due 1913
250.000
250.000

10

*

li>7*36
107*65
106 75
107*15
108 03
108*
107 91
107*27
108*07
108*91
106*40
106*70
107*
107*30
106*556
107*07

Puritan Trust Co................................
Brewster, Cohtr & Estabrook...............................
Cusbm m, Fisher & C o..........................................
B lodge t Merritt <fe Co...........................................
Lampreoht Bros. Co...............................................
J. <fe W. Seligman & Co..........................................
E. Morrison............................ ..................... ..........
E. Mori ison................................................
E. Moriison..........................................
E. M orrison............. ...........................
Rudolph Klej boite & Co........ ..........................
Geo. M. Ualin...........................................................

50,000
400,000
400,000
400,000
400,000
400,000
100,uOO

107*65
107*617
107*5612
107*56
107*58
107*03
1051«
100,000
1041s
100,000
1041*
100,000
104*00
400,000
104*10
40o,o00
103*42

Both interest and principal of loan are payable in gold coin
or its equivalent.
M arlborough, Mass,—On June 1, 1895, the city of Marl­
borough sold $50.000 of 4 percent coupon bonds known as
“ General Loan A ” to E. H. Gay & Co., at 105*340 and accrued

NEW LOANS.

N EW LOANS.

NEW LOANS.

$ 2 0 0 ,0 0 0

$ 6 0 0 ,0 0 0

NEW LOANS.

C ity of Portland, Ore.,
4>Per Cent Water Works Bonds.
O f f ic e o f
)
T h e W a t e r C o m m it t e e o f t h e C i t y o f
>
P o r t l a n d , O r e ., May 21,1895.)

Sealed proposals will be received at this office
•until Tuesday, J uoe 18, 1895, at S P. M., fo r the
w h ole or any part o f tw o hundred thousand dollars
<9200,000; o f the bonds o f said dlty, in denomina­
tions o f on e thousand dollars ($l,00o) each, dated
J u ly 1st, 1893, pa; able thirty (30) years from date,
and bearing interest at the rate o f live (5) per cent
p r annum, payable on the first days o f January and
J u ly o f each year. P r i n c i p a l a n d i n t e r e s t
p ayable in I). 8 . G o l d C o in at the office o f the
treasurer o f said city, said bunds to be paid for and
delivered to the purchaser on the first day o f J uly>
1895.
These bonds are Issued under authority o f an act
o f the legislative assembly o f Oregon, passed Feb­
ruary 16,1893, the proceeds to be used for the con­
struction o f water works, and will be delivered with
■coupons attached fo r interest from July 1, 1895.
T he successful bidder will be required to deposit
within forty-eight hours after the award o f the con­
tra ct an approved certified check fo r 5 per cent o f
th e par value o f the am ount o f bonds bid for, paya­
ble at Portland, Oregon, to tb e order o f the Clerk o f
th e Water Committee o f the City o f Portland, Ore­
g o n , as liquidated damages in case the bidder should
fail or nt gleet to take and pay fo r the bonds accord­
in g to the terms o f the proposal aud the contract.
T h e right to reject any o r all bids is reserved.
T h e sealed envelopes containing proposals should
be addressed to tbe undersigned, and marked
■“ Proposals fo r Purchase o f Water B onds.”
By order o f the W ater Committee,
FR AN K T. DODGE,
Clerk o f the Water Committee.

C.

Bid.

103-418

H . White & C o.,

CITY OF ALLEGHENY, PA.
$ 1 0 0 ,0 0 0 due June 1st, 1 9 0 0 .
1 0 0 .0 0 0 due Jun e 1st, 1 9 0 5.
1 0 0 .0 0 0 due June 1st, 1 9 1 0 .
1 0 0 .0 0 0 due June 1st, 1 9 1 5 .
1 0 0 ,OnO due Jun e 1st, 1 920.
1 0 0 .0 0 0 due June 1st, 1925.
Assessed valuation, 1895 ............................. 974,000,000
Real va lu itlon ................................................ 85,000,OOu
Total deot................................. 13,590,500 00
Water d eb t.........91,516,000 00
Sinking fu n d ,
650,29s 85
*
2,166.29285

dlty, County and First Mortgage
Railroad Bonds.
L IS T S M A IL E D .




Massachusetts 31s - 1920
$ 5 0 ,0 0 0

Cuyahoga County, 0., 5s, 1905
(Cleveland County Seat,)

Prices and Particulars on Application.

Net debt,................................ 9i,42i,207 15
POPULATION, 115,000.
V alue o f City Property owned by city ....... 98.000,000
V alue o f W ater W orks................................. 2,161,711
Total value....................................

910,161,741

L eg al Investments fo r New Y o rk Havings
B anks.

E. H. G A Y & C O .,
131 Devonshire St., Boston.

F or prices and further inform ation apply to

Rudolph Kleyboite & Co.
BANKERS.
C IN C IN N A T I, O S I O .

W H A M & SCHLESINGER,
BANKERS,

M UNICIPAL BONDS,

BANKERS,

72 B R O A D W A Y , M EW Y O R K .

$ 4 0 0 ,0 0 0

Water Works Reg. 4 P. C. Bonds

ft W a ll Street, New Y o r k .

OSWEGO, N. Y.,
STREET RAILWAY BONDS.
The undersigned wishes to correspond with h o ld ­
ers o f these bonds fo r mutual protection. Com­
m unications confidentiaL

s. n . co o n ,

O sw ego, N. Y .

$ 9,00 0
N E W T O W N , L. I.,
5 Per Cent School House Bonds.
Fhe Board o f Education o f Union Free School
strict No. 12 o f the T ow n o f Newtown, Queens
unty, N. V., will receive o n June 12, 18J6, at 4
■lock P. M. at the School H ouse prop -sals fo r Nine
lousand Dollars <99.0 mi) o f Bonds to be issued
cording to law fo r tbe purposes o f making altera^
ins, furnishing, beating and In building addiU .A
present School House.
_
,
;■ .
Bonds to be Issued in sums o f Five Hundred D olrs each, bearing interest at
(five ner cent) per
inum. and payable as follow s: Five Hundred Dol­
es (»500) on July 1,1905, and Five Hund ed Dollars
500) annually thereafter until all are paid, at th e
ieen9 County Bank, Long Island City, N. Y. T he
terest will oe paid annually on July 1 in each year
same place.
. _
_ ,
Bach proposal must state the number o f Bonds to

i tiilrpii

Address* all proposals to W IL L IA M W EEKS,
erk o f said district, P. O. B ox 2i 9, Corona, L. I.
The successful bidder to m eet tne President, the T v
•easurer and the Clerk o f the Board at 12 o ’clock
ine 28, 1895, at the Queens County Bank, L ong
Land City, to make payment, when the Bonds w ill
i ready fo r delivery. The Board reserves the rig he “
reject or snceot any or all bids.
_
JACOB VON TIL ,
1 Board o f Education.
W IL L IA M MOONEY,
Union School District
JAMBS MCCRON,
)
No. 12, T ow n o f
JOSEPH LEIM BACH,
Newtown, Queens Co,
W IL L IA M W EEKS, J
L ong Island, N . Y .

1026

THE CHRONICLE.

interest. Light other bids were received as follows: Blodget, Merritt & Co., 105117: Harvey Fisk & Sons. 104-970;
Blake Bros. & Co., 104-780; R L. D iy & Co , 104 567; Brews­
ter, Cobb & Estabrook, 104-419; E. H. Rollins & Sous. 104 050;
? ^ f c £ an’mF,sber * .Co-> 103 771; J. W . Long street & Co.,
10c 760. The securities are dated June 1,1895, interest is
payable semi-annually in June and December, and the princi­
pal will mature June 1, 1915. Both principal and interest are
payable at the Winthrop National Bank, Boston.

[ vol.

LX.

New Britain, Conn.—Proposals will be received until June
f
n/u\pUrrLbas? o f 4 P?r.cent school bonds to the amount
of $60,000. The loan will be dated July 1, 1895, 4nd $3 000
? L l h®amount
nature each year on July 1. 1896 and
1897, $4,000 on July 1, 1898, and $5,000 yearly thereafter until
paid.

Newton, Kan.—Water-work9 bonds of this municipalitv to
the amount of $80,000 have been voted.

^Marysville, C al —The citizens of Marysville will vote June
Newtown Union Free School District No. 12, Queens
18 on issuing $40,000 of drainage bonds. The securities are to
bear interest at the rate of 5 per cent and are to become County, N. ¥.—Proposals will be received until June 12, 1895,.
due at the rate of one-tenth yearly from date of issue, princi­ by the Board of E Jucation of this district at the school-house
pal and interest to be payable in gold coin.
for the purchase of $9,000 of 5 per cent bonds. The securities
Meriden, Conn.—It is reported that 4 per cent coupon fund are issued for the purpose o f making alterations to, furnishing
mg and water bonds of Meriden to the amount of $70,000 and heating the school-house. Interest will be payable annu­
ally on J uly 1 at the Queens County Bank in LoDg Island
have been sold to Messrs. Blodget, Merritt & Co. at 104-78.
Milwaukee, Wis.—Proposals will be received until June City and the principal will mature at the rate o f $500 yearly
17, 1895, by the Commissioners of Public Debt, care of W m. beginning July 1, 1905.
J. Fiebrantz, Comptroller, for the purchase of $142,500 of
A n advertisem ent elsewhere in this Departm ent gives fu rth er
library and museum bonds numbered from 329 to 480, $95,000 particulars regarding this issue and the term s o f the sale.
of viaduct bonds numbered from 216 to 310, $150,000 of school
bonds numbered from 1.151 to 1,310, $200,000 of city hall
North Dakota.—Proposals will be received until June 20 by
bonds numbered from 661 to 860, $100,000 of pubiic park Lreorge E. Nichols, State Treasurer, for the purchase of $38 bonds numbered from 531 to 630, and $20,000 of Bay View 600 of 4 per cent 20-year refunding bonds.
,
sewer bonds numbered from 41 to 60. The library and
Norwalk, Ohio.—The citizens of Norwalk will probably
museum and viaduct securities will be dated January 1, 1895,
and the city hall, school, park and sewer securities July 1, vote on issuing $25,000 of electric-light bonds.
1895. Interest will be payable semi-annually on January 1
and July 1, and five per cent of the issues will mature an­ ^ P,loi?-8? nt1r?!dgre’ 0 —Proposals will be received until June
nually, the date of maturity being specified on each bond. liWnn'\ bJ R Jbert T button, Village Clerk, for the purchase of
Proposals for each separate issue or for alj will be received. $2,000 of 5 per cent sidewalk bonds. The securities are dated
April 2, 1890, interest is payable semi-annually, and the prin­
The city’s bonded debt on June 2, 1895, was $5,169,250.
cipal will mature at the rate of $500 yearly in 15, 16,17 and
Nashville, Tenn.—The report to the effect that the City of 18 years from date, both principal and interest being payable
Nashville will issue bonds for a penitentiary is incorrect. at the Second National Bank, Cincinnati, O.
The Tennessee Legislature has authorized the building of a
Portsmouth, Iowa.—° n June 1, 1895, the city of Portspenitentiary, but it is to be paid for by the State, and funds mourh sold $2,500 of 6 per cent water bonds to the Citizens*
are already on hand for that purpose.
State Bank of Council Bluffs, Iowa, at par.

NEW LOANS.

NEW LOANS.

BOND CALL.

$ 24,000

NEW LOANS.

BOROUGH OF
Lewis & Clarke County, Mont. W E S T P ITTS TO N . PA., M U N IC IP A L
OFFICE OFfCOUNTY CLERK AND RECORDER,
LE W IS A N D CLAR K E COUNTY.
TO W H O M fIT M A Y CONCERN:
The Hoard o f County Commissioners o f Lewis and
Clarke County, in.the State o f Montana, b y vntue
o f a resolution duly,adopted, do hereby give notice
that on the first day^of July, 1895, they will redeem
and pay off. together with the accrued interest due
on that date, the outstanding bonds o f said county
know n as .[Court H ouse LBonds, to the amount o f
1190,000, at the Third National Bank, in the City o f
New York. Said ( ourt House Bonds being o f two
issues, the first o f $150,000, due July 1st,1905, op ­
tional after July 1st, 1891, and the second o f $10,000,
due May 1st, 1907, optional after May L t, 1898; both
issues hearing interest at the rate o f six per centum
per annum, payable semi annual'y on the first days
o f January and July, and both series being issued
fo r „the purpose o f paying for the erection o f a Court
H ouse in said county, under authority o f the laws
o f Montana.
The said CourtfHouse Bonds being now due and
payable at the pleasure o f Lewis & Clarke County,
the holders thereof are notified that interest on
these bonds will cease on and after July 1st, 1895.
hut that the County Treasurer will at all times
thereafter.be ready to redeem the same on presen­
tation, at their fa ce value, and accrued interest to
Ju ly 1st,-1895.
^
order o f the Board o f County Commissioners
Attest, J. 8. TOOKER, County Clerk.
H e l e n a , M o n t a n a , June 1st, 1895.

BONDS

5 Per Cent Sewer Bonds.

FOR INVESTMENT.
PUBLIC SALE.
There will be sold at the A rbitration R oom in the
Court H ouse in the City o f W ilkes Barre, Pa., on
the 14th day o f June, A. D. 1895, at 10 o ’clock A . M.,
$24,000 o f W est Pittston Sewer Bonds in denom ­
ination o f $500, rate o f interest five per cent,
beginning March 1,1895, and payable semi-annually
Bonds dated March 1, 1895, payable thirty years
from date; redeem able
as follow s at th e
option o f the B orough; $4,000 five years from
date; $4,000 ten years from date; $4,000 fif­
teen years from date; $4,000 twenty years from
date; $4,000 twenty five years from d a te : $1,000
thirty years from date.
W IL L IA M S. MCLEAN,
A ttorney fo r W est Pittston Borough.

A R T IC U L A R » UPON A P P L IC A T IO N »

MHMBL IS OF THE NEW YOBK AND BOSTON
STOCK EXCHANGES.
DEALERS IN COMMERCIAL PAPER.

Blake Brothers & Co*9

$ 50,000

Monroe County, Wis.,

2 8 S T A T E S T R E E T ,' BOSTON .
5

NASSAU S T ., NEW

YORK.

FIVE PER C E N T

Court-House Bonds.

M U N IC IP A L B O N D S

Sp a r t a , W is ., May 2d, 1893.
Bids will he received until July 1st, 1895, at 1
o ’clock p. m., by George P. Stevens, County Treas
urer o f M onroe County, W isconsin, fo r the purhase o f F ifty Thousand Dollars ($50,000) o f
BANKERS,
M onroe County Court-House Bonds.
The bonds will be dated July 16th, 1895. F ive per
Dealers iniM UNICIPAL BONDS,
Street Railway Bonds, and other^high grade in- cent annual interest will be payable at the office o f
T estments
the said County Treasurer at Sparta, W isconsin.
BOSTON, MASS.,
C leveland, Ohio,
The first paym ent o f interest will be from date o f
Exchange Place.
3 1 1 -3 1 3 S u perior St. ssue to March 1st, 1896.
Cable Address. "K E N N E T H ."
The principal o f the bonds will mature at the
rate o f Five Thousand dollars ($5,000) annually on 4 4 W A L L S T R E E T ,
NEW Y O R K
March 1st, 1896, to 1905, b oth Inclusive. A special
tax is provided fo r to pay the interest and principal
M U N IC IP A L AND R A IL R O A D
as the same shall becom e due*
GEORGE p . STEVENS, Co. Treasurer.
C A P IT A L ,
. . .
$ 2 .5 0 0 ,Ol

W . J. Hay es & Sons,

For Investment.

Street, Wykes & C o.,

w

The Texas Land & Mortg;
Company, Ltd.

BONDS

\J

T.^,s Company is prepared to undertake tl
.action o f loans and interest in Texas and to
upon foreclosed and other properties. A pply

C. E. W E L L E S L E Y

P. O. Drawer M. I

Or to the Office in England, 2 Suffolk^Lan^Lc




And a ll L oca l S ecu rities B ought and Sold»

WARRANTS
COUNTY, CITY AND SCHOOL.

5’

JNO. P . D O R R A CO., S eattle, W u k ,

NEW Y O R K , B R O O K LYN AND JER­
SEY C IT Y B O NDS A S P E C IA L TY .

W. E. R. SMITH,

16 B R O A D S T R E E T ,

-

NEW Y O R K .

1027

THE CHRONICLE.

J une 8, 1895.]

West Pittston. Pa.—On June 14,1895, at 10 o clock A. M.,
$24,000 of West Pittston sewer bonds will be offered at public
sale at the court house in the city of Wilkesbarre, Pa. The
securities will be dated March 1,1895, interest at the rate of 5
per cent will be paid semi-annually on March 1 and Sept. 1,
and the principal will mature in thirty years. The borough
reserves the right to call the bonds at the rate of $4,000 every
fifth year from their date.

Rockingham County, N. H.—It is reported that on June 1,
1895, the County of Rockingham sold $12,500 of 4 per cent
funding bonds to the Portsmouth Savings Bank of Ports­
mouth, N. H., at 108*009 and accrued interest. The securi­
ties are to be dated July 1, 1895, interest will be payable semi­
annually, and the principal will mature July 1,1905. Other
bids received for the loan were as follow s: E. H. Rollins
& Sons, 102 91; G. A. Fernald & Co., 102 83; Exeter Banking
Co., 102*50; N. W . Harris & Co., 102*473; R. L. Day & Co.,
102*317; J. W . Longstreet & Co., 102*24 ; Blake Bros. & Co.,
101*33.
Rockville, Conn.—A vote will be taken to-day on issuing
4 per cent 30-vear sewer bonds to the amount of $150,000.
Rockwell City, Iowa.—Water-works bonds of this munic­
ipality have been voted.
Sandergville, Ga.—The people of Sandersville will vote July
15 on issuing $15,000 of water works and electric light bonds, the
loan to bear interest at the rateof 5 per cent andtorun30 years.
Terre Haute, Ind.—A call has been made for the payment
o f $206,000 of Terre Haute City funding bonds o f 1890, num­
bered from one to ten, inclusive They will be paid on pre­
sentation at the Central Trust Company, New York, on July
1, 1895, at which time interest will cease.
Waltham. Mass.—Four per cent bonds of Waltham to the
amount of $80,000 have been voted by the Baard of Aldermen
for boulevard purposes.
Wenham, Mass.—Wellington Pool. Town Clerk, reports to
the C h r o n ic l e that $20,000 of water supply bonds, recently
authorized, will probably not be issued for some time.
Wheeling, W. Ya.—Notice has been given by the Commis­
sioners of the loan of 1885 of the city of Wheeling that the
following bonds have been drawn for redemption and pay­
ment on July 1, 1895: Bonds No. 1, for $100; 2. for $100; 6, for
$100; 23, for $500; 63. for $500; 72. for $500; 76, for $500; 85,
for $500; 88, for $500: HO, for $500; 119. for $1,000; 134. for
$1,000; 143, for $1,000; 156, for $1,000; 175, for $1,000; 196, for
$1,000; 251, for $1,000. They will be paid on and after the
above-mentioned date on presentation at the Bank of the
Ohio Valley, Wheeling, at which time interest will cease.

NEW

N E W LO A N S .
BOND C ALL.

The official advertisement o f this sale w ill he fou n d else­
where in this Departm ent.

Wilmington, Del.—Proposals will be received until June
10,1895, by Joseph K. Adams, City Treasurer, for the pur­
chase of a $125,000 4 per cent sinking fund loan, the proceeds
to be used by the street and sewer deoartment. Interest is
payable semi-annually on April 1 and October 1 and the prin­
cipal is redeemable as follows: Series 136, for $2,000, October
1, 1922; series 137, for $55,650, April 1, 1923: series 138, for
$57,300, October 1, 1923, and series 139, for $9,150, April 1,
1924.
Winchester, Mass.—On June 3, 1895, the town of W in­
chester sold $30,000 of 4 per cent sewerage bonds to Messrs.
Blodget, Merritt & Co. at 105*89 and accrued interest. The
securities are dated June 1,1895, interest is payable semi-annu­
ally on June 1 and December 1, and the principal will mature
at the rate of $5,000 yearly from December 1, 1917, to Decem­
ber 1,1922. Ten bids were received for the loan, as follows:
Bids’
105*89
105*83
105*815
105*796
105*79
105*39
105*379
101*80
104*79
10409

Blodget, Merritt & C o ...........
George A. Fernald & C o........
N. W. Harris & Co..................
R. L. Day & Co.......................
Harvey Fisk A Sons...............
E. H. Gay & Co........................
E. H. Rollins & Sons..............
Blake Bros. & Co...................
B r e w s t e r , Cobb & Estabrook
J. W. Longstreet & C o...........

Youngstown, Ohio.—An election will probably be held at
Youngstown to vote on issuing $186,000 of water works bonds.

LOANS.

NEW

LO A N S .

High-Grade

NEW

C IT Y , COUNTY AN D S T A T E

Choteau County, Mont.

INVESTMENT LIST

O f f i c e o f t h e T r e a s . o f C h o t e a u C o ., M o n t . \
F o r t B e n t o n . May as, i»96.
j

JUST PUBLISHED.

On the 23d day o f June, 1895,1 will pay the fo l­
lowing-numbered Choteau County Bonds, to w i t :
No. Fifty-Three and No. Fifty-Four (Nos. 63 & 64).
Interest on same will cease on and after said date.
JNO. C. DUFF.
Treasurer o f Choteau County. Montana.

C IT Y

TREASU RER

OF

N. W . H A R R IS & CO.,
BANKERS,
15 W A L L S T R E E T ,
-

B O N D jC A L L .
TH E

Will be mailed on application.

N E W LO A N .

DES

M OINES, IO W A , will pay the follow ing Bonds
o f said city on or a fter July 1st, 1895: Second
Renewed Funding and Judgment Bonds, 12 Bonds,
Nos. 57 to 68, both inclusive
D e s M o i n e s , I a ., May 24,1895.
C. A . RYDEN, City Treasurer.

NEW Y O R K .

City of Schenectady, N. Y.,
PRICE AND F U R T H E R PARTIC U LAR S UPON
APPLICATION .

BAN K ER S.

Farson, Leach & Co.,

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

M O R T G A G E LO AN S
IN

TEXAS.
7 P e r Cent and S P er Cent Net.
NO COMMISSIONS charged borrower or lender
until loans have proven good.

FR AN CIS S M IT H & CO.,
SAN ANTONIO. T E X A S .

2 W A L L S T R E E T , N. Y .

County and City Bonds
EXEMPT FROM INCOME TAX
by late decision of the Supreme Court of the
United States.
Our complete facilities afford the choicest
selections in

MUNICIPAL SECURITIES
offering the lowest debt rate together with the
largest population obtainable.
Correspondence respectfully invited.

Rudolph Kleybolte & Co.,
INYESTMENT B A N K E R S ,

C. H. Van Buren & C o.,

__________ C IN C IN N A TI, O.__________

Tames N. Brown & C o.,
B A N K E R S AND B R O K E R S ,

J

BAN KERS,

6 2 C edar Street,

-

-

NEW Y O R K .

MUNICIPAL, COUNTY, 8CHOOL AND
TOW N SH IP BONDS

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



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

Securities

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

Long distance Telephone:

Cable Address:

"114 COBTLANDT.”

" RtTDÄRATION, N. Y.(

Haight & Freese,
Bankers & Commission Stock'Brokers,

Registered Water 4s.

W . N . Coler & Co.,

BONDS,

B O.U Q H T

AIN D

SOLD.

S3 B R O A D W A Y , N E W

YORK.

STOCKS, BONDS AN D G R A IN
Bought and Sold at 1-16 Commission.
Special attention given to ou t-of-tow n ae
counts.
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.

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

H O L M E S & C O .,
«1 BROADW AY,

-

-

NEW Y O R K .

BAN KERS AND BROKERS.
Members o f the N. Y. Stock ¡Exchange.

Investment Stocks & B onds, G rain,Cotton,
and all securities that are dealt in on the
New York. Chicago, Philadelphia or
B oston Stock Exchanges, bought
and sold fo r cash or car­
ried on margin.
Branch Office: 35 Congress Street, Boston,'’ Mass.

Bliss, Fabyan & Co.,
NEW Y O R K , B O ST O N ,P H IL A D E L P H IA .
Selling agents fob L eading Brands
BRO W N and BLEACHED S H IR T IN G S
and SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, *0 ,
T ow els, Q uilts, W h ite G oods and H osiery.
Drills, Sheetings, Ae., fo r E xport Trade.

1028

THE CHRONICLE.

[ V o l . LX,

5grttsl ©ompatiies.

New York Guaranty &
^Indemnity C o.,
6 5 C E D A R ST R E E T, N, Y .,
m u tu a l L ife Building.

INVESTMENTS IN THE SOUTH.

¿ * ' 0 * E R B O o * iVf

*

T R U S T CO. *

234 F IF T H AVEN U E, COR. 2VTH STREET.

C/APITAIi, - - $ 2 ,0 0 0 ,0 0 0
SU R PLU S,- -$ 1 ,5 0 0 ,0 0 0

Branch Office, 6 6 B roa dw a y, N ew Y o r k .
C A P IT A L , $ 1 ,0 0 0 ,0 0 0 0 0

I s A TR U ST COM PA N Y U N D E R T H E B A N K .
IN G A C T A N D TR AN SAC TS A L L TRU ST COM­
P A N Y BUSINESS.
I s a legal depository o f trust funds.
A cts as Trustee, Transfer A gent, o r Registrar lo r
Corporations.
A cts as E xecutor, Adm inistrator, Guardian, or
Trustee o f Estates.

In terest A llo w e d on Tim e D eposits.

A L L O W S IN TE R E ST ON D E PO SIT S
subject to check.
W A L T E R G. OA K M AN , Président.
A D R IA N ISE L IN , J r ., V ice-President
GEORGE R . TU RN B U LL, 2d Vice-President
H E N R Y A . M U R R A Y , Treaa and Sec.
J. NELSON B O R LAN D , A ssist Treas. and Sec.
DIRECTORS.
Samuel D. B abcock,
A drian Iselin, J r,,
George F . Baker,
Augustus D. Juilliard,
George S. Bowdoln,
James N. Jarvie.
Frederic Cromwell,
Richard A . McCurdy.
W alter R. Gillette,
W alter G. Oakman,
Robert Goelet,
Àlexand er E. Orr,
G. G. H aven,
H enry H . Rogers,
Oliver Harrim an,
H enry W . Smith,
R. Somers Hayes,
H. M cK . Twom bly,
Charles R. Henderson, Frederick W . Vanderbilt.
W illiam C. W hitney.

nM plates
orfgage&^CrufitOp.
5 9 CED AR ST., NEW Y O R K .
C A P IT A L
. . .
$ 2 ,0 0 0 ,0 0 0 .
SU R P LU S . . . .
7 0 0 .0 0 0 .
Transacts a G eneral Trust Business.
L oa n s M oney on Bond and M ortgage.
Issues F irst M ortgage Trust G old Bonds.
T a k es entire charge o f R e a l Estate.

Legal Depositary for Trust, Court, and
State Funds. Allows Interest on Deposits,
E xecutes a ll Trusts.
OFFICERS.

G eorge W . Y oung, . . .
President.
Luth er K ou n tze, »
V ice-President.
J antes Tim pson,
2 d Vice-President.
A rthu r Turnbull, . . .
T rea su rer.
W illia m P. E lliott, Secretary.
C la rk W illiam s, A sst. Sect’ y and T r e a t.
E X E C U T IV E COMMITTEE.
Charles D. D ickey, J r.,
Gustav E. Kissel,
Theodore A. H avem eyer, Luther Kountze,
Charles R . Henderson,
James Tim pson.
Richard A . McCurdy.
DIRECTORS. .
Samuel D. B abcock,
Gustav E. Kissel,
W illiam B abcock,
Luther Kountze,
Charles D. D ickey, jr.,
Charlton T. Lewis,
W illiam P . D ixon,
Lewis M ay,
David Do w s, j r.,
T heodore M orford,
R obert A . Grannies.
R ichard A . McCurdy,
Theo. A . H avem eyer,
R obert Olyphant,
Charles R. Henderson,
W illiam w . Richards,
Jam es J. H ill,'
James TimpBon,
- ardiner
- ggta-1
H
------- "W, .Y<
G
G. Hubbard,
George
Y ou ng.

DESIGNATED LE G A L DEPOSITORY.
Cheeks pass through N. V. Clearing-house.
A cts as Executor, Guardian or Adm inistrator o f
Estates, and as Receiver, Registrar, Transfer and F i­
nancial A gent fo r States, Railroads and Corporations

M oney to L oan on B ond and M ortgage.
ROBERT M ACLAY, President.
CHARLES T. BARN EY. Vice-President.
JOSEPH T. BROWN, 2d Vice-President.

D IR E C T O R S !
Joseph S. Auerbach,;
E. V . Loew,
Harry B. H ollins,
H enry F . Dimock,
Jacob H ays,
John P. Townsend,
Charles T. Barney,
' Charles F. W atson,
A . Foster Higgins,
David H. King, Jr.,
R obert G. Remseu,
Frederick G. Bourne.
H enry W . T. Mali,
R obert Maclay,
A ndrew H . Sands,
C. Lawrence Perkins,
James H. Breslin,
Wm. H. Beadleston.
Gen. George J. Magee,
Cbas. R. Flint.
L Townsend Burden.
A lfred L. W hite, 1
FR ED’K. L. ELDRIDGE. Secretary.
J. H E N R Y TOWNSEND, Assist. Secy.

National Safe Deposit Co,
of New York.
T H E M U TU AL LIFE BUILDING,
82 L IB E R T Y STREET.

Sates $5 to $300 per year.
Inspection In vited .
INEW Y O R K AND B R O O K L Y N

FINANCIAL
T R U S T C O ’S STOCKS.
Specialties fo r Twenty-five Years.

D ea lt in by

JAM ES W. NOYES,
(S u c c e s s o r t o W i l l i a m C. N o y e s ,)

96 BRO AD W AY,

-

-

NEW Y O R K

A ctiv e and Local Securities bought and sold to ad­
vantage. A tlantic Mutual Scrip. Circulars

J. P. Wiutringham, 36 Pine St., N. J



C H A R LES TO N , S. C.
P aid-u p C a pita l,
$ 1 0 6 ,0 6 0
A u th orized C apital,
$ 1 ,0 0 0 ,0 0 0
T ran sacts a G eneral B anking and Trust
Business, In terest A llo w e d on D eposits,
INVESTMENTS M ADE IN SAFE AN D R E L I­
A B L E IN TEREST-PAYIN G SOUTHERN SECU­
RITIES, AND FIRST MORTGAGES ON IM
PROVED R E A L E STA TE IN CITIES.
Correspondence solicited as to all Southern Invest
ments. Being within easy reach o f all parts o f the
South, thorough and careful investigation for
purchasers can be made o f all investments-^ J

O F F IC E R S.
GEO. B, EDW ARDS, President.;
P . N. PICKENS, Cashier.
R. E. MUCKENFUSS, Secretary and Treasurer.
J. LAM B PE R R Y , Solicitor.
SM YTHE St LEE, General Counsel.

D IR E C T O R S .
A . S. J. P e r r y , o f Johnston, Crews St Co., wholesale
dry goods.
W i l l i a m M. b i r d , o f W m . M. Bird St Co., wholesale
paints and oils.
J a m b s A l l a h o f James Allan St Co., Jewelers.
J. H . F. K o e n i g with Binoop, Frerlohs St Co., cotton
exporters.
G eo . B. E d w a r d s Pres. Electric-Light St Power 00

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

K A N SAS C IT Y , H O .

LA SALLE S TR E E T ,

BRAN CH OFFICB8:

S. W . C or. W ashington Street.

3 6 W a ll Street, New Y ork .
4 0 0 Chestnut Street, Fhila
2 9 7 H eerengracht, Am sterdam , R o lla n d
P aid Capital...............$ 1 ,2 6 0 ,0 0 0
S u rplu s................. .
4 0 0 ,0 0 0

Capital paid u p - - ..................$1,600,000
Undivided Earnings, includ­
ing surplus...........................
301,000
Makes Abstracts o f Titles.
Guarantees Titles to Real Estate.
Transacts a General Trust Business.
This Company is authorized by law to act as
R E G ISTR AR OF STOCKS AN D BONDS, ADMIN
I8TR A T O R , EXECUTOR, GUARDIAN. TRUSTEE,
REC E IVE R AN D ASSIGNEE, and has deposited

$ 200,000
w ith S tate A u d it o r as a se cu rity fund.

A R T H U R E. STIL LW E LL. Pres

BOARD OF DIRECTORS:
J. McD. Trimble,
W . S. Taylor,
B. F. H obart,
C. E. Granniss,
W . H . Lucas,
W .D . Black,

P r o m p t S e r v ic e .
R e a s o n a b le R a te s .
C o r r e s p o n d e n c e S o lic ite d .
OFFICERS
G w y n n G a r n e t t , Prest. A . H . Se l l e r s , V.-Prest.
A . A . St e w a r t , Secy.
C. R . L a r r a b e e , Treas.
F r a n k H . S e l l e r s , Trust Officer.
DIRECTORS:
A . H . Sellers,
John DeK oven, John P. W ilson,
W . D. K erfoot, Sam. B. Chase, Edson Keith,
Chas. W . Drew, John J. Herrick, John G. Shortall
Gwynn Garnett,
H orace G. Chase.
COUNSEL:
John P. W ilson,
A . M. Pence,
A . W . Green

C. A . Dean,
E. L. Martin,
A . E. Stillwell, •A . A . Mosher,
J. E. McKeighan, H . A . Lloyd,
Chas. Clark,
E. P. Merwln,
A . Heckscher,
W m . Waterall,
E .W . Marsh,
Dr. H . M. Howe
E. H enry Barnes.

Central Trust & Safe Deüosit

T r u s t M o n e y s a n d T r u s t Se c u r i t i e s k e p t s e p ­
a r a t e PROM THE ASSETS OP THE COMPANY.

C O M P AN Y,
2 7 W . F ou rth St.,

-

CINCINN ATI, O

A cts as Trustee under Mortgages o f Corporations
as A gent fo r Transfer and Registry o f Stock; as
Executor, Administrator and Guardian o f Estates.
A llow s Interest on Savings Deposits.

IPtm ticiaL
American Deposit & Loan Co.
11 W A L L S T R E E T , N E W Y O R K .

The
Improvement on all Others
EquitableTrustCompany
as to Security
ABE THE VAULTS OP THE

Exchange Banking & Trust
Oomnanv,

1 8 5 D E A R B O R N S T ., C H IC A G O .

OAPITAL, PAID UP, S U R P L U S ,..................

- - $500,000
-

-

100J000

AUTH ORIZED B Y L A W TO RECEIVE and excute trusts o f every character from courts, corporat ons and individuals. Takes entire charge o f estates.
t sal and personal. A cts as agent fo r the registra­
tion and transfer o f bonds and stooks and th e pay­
m ent o f ooupons, Interest and dividends. A legal
repository fo r court and trust funds.
INTEREST A L L O W E D ON DEPOSITS:of m oney
vhich may be made at any time and withdrawn after
I r e days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTKBNTS
are kept separate and apart from the assets o f th
company.
DIRECTORS:
A ZB L F. H A T C H ,
CHAS. H . H U LBU RD.
GEO. F. JENNINGS.
BENJAMIN ALLEN ,
Vi. W . K ERW IN ,
M AURICE RObRNPELD,
(. R . W ALSH ,
SAM UEL D. W A R D ,
OTTO YOUNG
OFFICERS
I , ft. W A L SH , President.
CHAS. H . HU LBU RD, Vice-President.
SAM UEL D . W A R D , Treasurer,
LY M AN A . W ALTON , Secretary

F afd-up C a p ita l.................. .............$ 5 0 0 ,0 0 0
IN TEREST A L L O W E D ON DEPOSITS.
MONEY LOANED ON A P P RO VE D SECURITIES
G e o r g e W . J e n k i n s ......................... , ............P resid en t
G e o r g e W . H e b a r d .........................Vice-President
Ch a r l e s H . H a m i l t o n . .. .S e cre ta ry an d T rea su rer
tru stees.
J o h n E . Se a r l e s ,
G k o .W e s t i n g h o u s e , J r .,
W . T. H a tc h ,
W . N . C o l e r , J r .,
Marcellu s Ha r t l e y , George w . H e b a r d ,
G. W . J e n k i n s .

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

T H E C IT Y BANK,
B U F F A L O , N. Y .
L o c a l a n d o th e r I n v e s tn te n t S e c u r itie s
B o u g h t a n d S o ld

S T R IC T L Y ON COMMISSION

BANKERS,
18

W ALL

STREET,

NEW

YORK.

E s t a b lis h e d 1 8 6 5 .
MEMBERS OF NEW .'YO RK STOCK EXCHANGE.
A llow Interest on deposits subject to sight check.
Buy and sell on com m ission stoeks and bonds either
fo r cash or on margin, and deal in

Investment Securities.
A . M . K id d e r ,
m o rse,

H . J.

Ch a s . D . M a r v i n ,
. m . K id d e r .

w

THE ICHitONICLE

June 8, 1895,

u a r t e r l y r e p o r t

o f t h e

b a n k

O F A M E R I C A on the morning o f the 29th day
o f May, 1895:
RESOURCES.
Loans and discounts, less due from di______
rectors.................
$18,465,103 93
Due from directors ...............................
45,000 00
O verdrafts.............................
494 62
Due from trust companies, State and
national banks........ .........
1,032,234 52
Banking house and l o t . . . ......................
900,000 00
U nited States b o n d s ...............................
162,532 46
Stocks and bonds...................
1,240,665 39
2,842,942 36
Specie..................................................
U. S. legal tender notes and circulating
___
notes o f national banks.....................
5,766,647 00
Cash items, v iz .: Bills &
ch’cks fo r the next day’s
exchanges...................... $3,519,568 00
Other Items carried as
cash..................................
126,861 5 0 - 3,646,429 50
$34,108,109 78
LIABILITIES.
Capital stock paid in, in cash................ $3,000,000 00
1,500,000 oO
Surplus fun d .........................
Undivided profits (n et)..........................
796,603 70
Due depositors as follows, viz.:
Deposits subj’ct to ch’k.$14,587,690 35
Demand ctfs. o f deposit
27,590 00
Certified checks............. 1,683,817 S3
Cash’rs ch’ks outst’d’g.
425,708 61—16,724,866 29
Due trust companies, State and national
banks........................................................ 9,742,791 38
Due savings banks................................... 2,342,792 41
i.o~e
Unpaid dm d en d s.....................................
$34,108,109 78

State o f New York, County o f New York, 8«.:
W i l l i a m H . P e r k i n s , President, and W a l t e r
M. B e n n e t , Cashier, of the Bank o f America, a
bank located and doing business at Nos. 44 & 46 Wall
Street, in the city o f New York, in said county, being
duly sworn, each for himself, says that the foregoing
report is, in all respects, a true statement of the
condition o f the said bank before the transaction
of any business on the 29th day o f ' May, 1895,
and they further say that the business o f said bank
has been transacted at the location required by the
banking law (Chap. 689, laws o f 1892), and not else­
where; and that the above report is made in com­
pliance with an official notice received from the
Superintendent of Banks designating the 29th day
o f May, 1895. as the day on which such report shall
be made; that deponents’ knowledge of the correct­
ness o f the foregoing report is derived from a con­
stant familiarity with and inspection o f the affairs
o f said corporation; and that said report was pre­
pared under deponents’ personal supervision.
WILLIAM H. PERKINS, President.
WALTER M. BENNET, Cashier.
Severally subscribed and sworn to by both depo­
nents, the third day of June, 1895, before me,
Ch a s . D . Ch i c h e s t e r ,

Notary Public (No. 117.)

INVESTMENT BONDS A SPECIALTY

Rolston & Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
20 B roa d Street,
W. H. ROLSTON,
W. ALEX. BASS, JR.,
NEW Y O R K .
Members N. Y. Stock Ex.
P. O. Box 2,950.
EDWIN S. HOOLEY.

Gilman, Son & C o.,
BANKERS,
N o. 6 2 C E D A R S T R E E T ,
In addition to a General Banking Business, Buy
and Sell Government Bonds and Investment Separities._________________________________________

CLAPP

Jtxsu*atixje. ©

C H IC A G O

F IN A N C IA L ,

Q

& COM PANY

BAN KERS,
M IL L S B U IL D IN G ,
NEW Y O R K ,
SOLICIT ORDERS IN

S to c k s, C o tto n , G r a in a n d P r o v is io n s .
Branch Offioes:
277 Broadway, (Corner Chambers Street.)
671 Broadway, (Broadway Central Hotel.)
763 Fifth Ave., cor. 68th St. (under Plata Bank.)
DEPOSITS RECEIVED 3%INTEREST ALLOWED
H e n r y G. Ca m p b e l l , l Members N, Y. Stock
J. B o r d e n H a r r im a n , f
Exchange.

H. G. Campbell & Co ,
B A N K E R S AND B R O K E R S ,
9 New Street and 7 4 B roa dw a y,
NEW YORK.

Fred. M. Smith,

Loeb

&

Gatzert,

MORTGAGE BANKERS,
First Mortgages for sale in large and small amount*
netting investors 5,5)4 and 0 per cent, secured by
Improved and income-bearing Chicago city property.

P rin cip a l and In terest payable ln lG old.
CORRESPONDENCE SOLICITED.

A . O. Slaughter & C o.,
BANKERS,
1 1 5 -1 1 7 L A SA L L E S T R E E T ,

C H IC A G O , IL L S .
Chicago S ecu rities Bought and Mold.
D A k i n C

YIELDING AN INCOME

4%

B O N D S

to

6%

C ITY , MASON, LEW IS A C O., Bankers
C O U N TY
171 LA8ALLE 8TREET,
8CHOOL SEND FOR LISTS.
CHICAGO

A . G. Becker & C o.,
( INCORPORATED)

C O M M E R C IA L P A P E R
154 La Salle St., Chicago. 111.

Jamieson & C o.,
STOCKS—BONDS,
Members New York and Chicago Stock Exchange*

1 8 7 D E A R B O R N ST R E E T.
C hicago, Ills*
Private wire to New York and Philadelphia.

1850.

1805.

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

A ctive and su ccessfu l A gen ts , w ish in g to rep­
resen t th is Com pany, m ay com m unicate
w ith the P resid en t at the S om e Office,
2 6 1 B roadw ay, New YorJe,
OFFICERS:

G EO RG E H . B U R F O R D ...............President

C. P. FRALEIGH.................
..Secretary
A. W HEELWRIGHT................ Assistant Secretary
WM. T. STANDBN........................................ .Actuary
ARTHUR C. PERRY...................................... Cashier
JOHN P. MUNN.............................Medical Director
FINANCE COMMITTEE:
GEO. G. WILLIAMS............. Pres. Chem. Nat. Bank
JOHN J. TUCKER...........................................Buuuer
E. H. PERKINS, JR,, Pres. Imp. & Traders’ Nat. B’i
JAMES R. PLUM...........................................Leathe

-

New Y o r k .

O ffer th e ir se rv ice s t o m ake

P E R IO D IC A L AND SP E C IA L
E X A M IN A T IO N S OF ACCOUNTS AND
R E C O R D S,
IN V E ST IG A TIO N S OF A F F A IR S ,
an d t o in tro d u c e

S IM P L E

AND EFF IC IE N T M ETHO D S
OF ACCOUNTING.

O v er tw e n ty yea rs e x p e r ie n c e in t h e O peratin g
A c c o u n t ih g an d F in an cial D e p a rtm e n ts o f R a ilw a y s

and o th e r corp ora tion s, a n d h a v e

In vestigated and R ev ised the Accounting
System 01 the United States G overnm ent.




IN S U R A N C E CO.
New Y o rk , January 22,1895.
The Trustees, In conformity with the Charter
o f the Company, submit the following state­
ment of its affairs on the 31st of December.
1894.
Premiums on Marine Risks from
1st January, 1894, to 31st
December, 1 8 9 4 ..................... $2,760,920 62
Premiums on Policies not
marked off 1st January, 1894 1,106,515 77

O

------ ------------

Total Marine Preruiums........ $3,867,436 39
Premiums marked off from 1st
January, 1894, to 31st Decem­
ber, 1894................................. $2,840,284 98
Losses paid during the
same period....................$1,411,292 89
Returns of Premiums
and Expenses............$624,154 64
The Company has the following assets, viz.:
United States and City o f New
York Stock: City Banks and
other Stocks............................. $8,247,455 00
Loans secured by Stocks and
otherw ise.................................. 1,043,500 00
Real Estate and Claims due the
Company, estimated at............ 1,009,845 30
Premium Notes and Bills Re­
ceivable .................
855,693 14
Cash in Bank............. ................. 9 184,238 44
Am ount.................................. $11,340,731 88
SIX PER CENT INTEREST on the outstand­
ing certificates of profits w ill be paid to the
holders thereof or their legal representatives
on and after Tuesday, the fifth of February
next.
FIFTY PER CENT of the outstanding certifi­
cates o f the issue of 1890 will he redeemed and
paid to the holders thereof, or their legal rep­
resentatives, on and after Tuesday, the fifth of
February next, from which date interest on
the amount so redeemable w ill cease. The
certificates to he produced at the time of pay.
ment and canceled to the extent paid.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums o f the
Company for the year ending 31st December,
1894, for which certificates w ill be issued on
and after Tuesday, the seventh o f May next.
B y order o f the Board,
J . H . C H A P M A N , Secretary.

J

G EN UINE
WELDED CHROME STEEL AND IRON
Round and Flat Bars and 5-ply Plates and Angles
FOR SAFES, VAULTS, &C.
Cannot be Sawed, Cut or Drilled, and positively
Burglar-Proof.

C H R O M E STE EL W O R K S ,
Kent Ave., Keap A Hooper Sts.,
8nl<* Man’f ’ers in the U. S. B R O O K L Y N . N. V .

We receive accounts on favorable terms.
We allow interest on deposits.
We make collections at all points.
We draw our own bills o f exchange.
We transfer money to all parts o f the world
We buy and sell bonds and stocks.
We issue letters o f credit.
We furnish a daily market letter tree.

C H AR LES A. BALDW IN
4 0 -4 2 W a ll Street,

-

-

it

CO.,

NEW Y O R K ,

<c

TRUSTEES :

SECURE BANK V A U L TS .

AUBURN, Y E W Y O R K .

E. W. Sells,

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

A. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. V. BAKER, Member Chicago Stock Exchange

Makes specialty of Bank Stocks, Municipal and
Water Bonds and furnishes Solicited Information

N o. 2 N a s s a u St r e e t ,

O FFICE OF TH E

125 L A S A L L E S T R E E T , CH ICAG O

7 0 SOUTH ST R E E T,

0. W. Haskins,

it

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

Charles H. Marshall,
Charles D. Leverich,
Edward Floyd-Jones,
George H. Macy,
Lawrence Turaure,
Waldron P. Brown.
Anson W. Hard,
Isaac Bell,
Joseph Agostini,
Vernon H. Brown,
Christian do Thomsen
Leander N. Lovell,
Everett Frazari
William B. Boulton,
George W. Quintaro,
Paul L. Thebaud,
John B. Woodward,
George Coppell.

J. D. JONES, President,
®
W. H. H. MOORE, Vice-President

A. A. RAVEN, 2d Vice-President,

THE CHRONICLE

X

(Êblicm.

© u dt t a n .

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

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

W . T . Hatch & Sons,
96 Broadway & 6 Wall S t, New York,

STREET,

YORK.

IfiimiPciaX.
Members of N. Y. Stoek and Produoe Exchanges,

c o tto n m er c h an ts,

NEW

LX.

W alter T. H atch,
H enry P rescott H atch,
A rth u r M elvin H atch

MERCHANTS

16 to 22 W IL L IA M

[V o l

N ew Y o rk .

COTTON OF ALL GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.

Dealers In Investment stocks and bonds.
Personal attention given at the N. Y. Stoek Ex.
change for the purchase and sale on commission of
stocks and bonds for cash or on margin.
Interest .allowed on deposits, subject to draft at
sight.
"

Lehman, Stern & Co., Limited, New Orleans, La.
L ehman-Durr Co., Montgomery, Ala.

LEHMAN

BROS.,

^COMMISSION M E R C H A N T S,
Nos. 16-22 William Street,

R IO R D A N & C O .,
Cotton, Grain, Stocks

NEW YORK.

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

COFFEE EXCHANGE BUILDING,
NEW Y O R K .

*

Cotton Commission Merchants.

NEW YORK.

Gio. H. Church,

MERCHANTS,

99 W illia m S t r s s t ,
NEW Y O R K .

Geo. H. M°Fadden & Bro.
COTTON M E R C H A N TS,
P H IL A D E L P H IA .
Liverpool correspondents

_

_________________ M cF adden, Z e re g a Sc Co.

M. T. Main e .

WM. Ka y .

b. f.

At the New York Produce Exchange
and the Chicago Board of Trade.

Quo. W. Ba il y .

J. A. Montgomery

Geo. W . Baily & C o.,
C O M M ISSIO N M E R C H A N T S ,
COTTON AND NAVAL STORES.
Cetton E xchange B ldg.
NEW Y O R K .
Execute Orders for Future Delivery of Cotton.
Correspondence Invited.

C O TTO N AND CRAIN
FOR FUTURE DELIVERY.

Frederick Paxson & C o.,

Gustavos 0. Hopkins,
Charles D. Miller,

Lucius Hopkins Smith.
Samuel Hopkins.

Theo. H. price,
W . G. McCormick.
R. g . M. Stuart-W ortley.

No. 72 B roa dw a y, New Y o rk .
Members : New York Stock Exchange,
New York Cotton Exchange.
New York Produce Exchange.
Chicago Board of Trade.

J. Spencer Turner,
SUCCESSOR TO

B rln ck erh off, T u rn er âc C o.,
MANUFACTURER AND DEALER IN

C O T T O N SAIL DUCK
AND all KINDS OP

COTTON CANVAS FELTING DUCK,
OAR COVERING BAGGING,
RAVENS DUCK, BAIL TWINE, AC„
POPE “ AWNING” STRIPES.
A gent

UNITED ST A TE S BUNTING CO.
A full supply all Widths and Colors, always In
stoek.
1 0 9 D n a n e S tre e t, N e w Y o r k ,

Fifth Avenue Hotel,

M a d is o n S q u a r e , N e w Y o r k .,
ST O C K B R O K E R S ,
The largest, best appointed and most, überall)
DREXEL BUILDING, P HILADMT.PlTt a t
managed hotel In the city, with the most «entrai
Privato wires to Now York Stock and Cotton and delightful location.
Hushanges and Chicago Board of Trade,
HITCHCOCK DARLING A 00.




Colorado Minin? Stocks a Specialty.
Weekly Market Letters and Quotations sent on
Application.

A . S. Van W ickle,
BANKER,

No. I BROADWAY, NEW YORK,
IN V E S T M E N T S E C U R IT IE S .

MERCHANTS

R oom 3 2 , Cotton Exehage Building,
NEW YORK.

BANKERS AND BROKERS,

COTTON COMMISSION M E R C H A N T S.
1 W illia m Street, N ew Y o r k .
Members New York Cotton, Coffee and Produce
Exchanges.

B A N K E R S AND B R O K E R S ,
C o lo r a d o S p r in g s , C o lo r a d o .

SOUTHERN PRODUCE

COMM ISSION

COTTON B R O K E R S ,
1 3 9 F oa rl Street,
New Y o rk .

S. A Fatman , Special.

William P. Bonbright & Co.

AND

Price, M cCorm içk & Co.

I Fatman & Schwarz,

V

COTTON, COTTONSEED O IL

Geo. Copeland & C o.,

PAUL Schwarz.

H IG H G R AD E I NV ES T ME NT S ?

M E R C H A N T S,

Evans, Special.

Cotton landed at mills from Southern markets a
specialty. Orders for future delivery contracts
axaouted on Now York Cotton Exchange.

B O S TO N , M ASS.

1 6 to 2 3 W illia m St., New Y o rk .

F red eric Z e re g a & Co.

Bremen Correspondents

BANKE PC

Henry Hentz & Co.,
COMMISSION

J. O . BLOSS & C O ., Hopkins, Dwight & C o.,

COTTON

C o.,

Members of New York and Boston Stock Exchange

Members New York Stock Exchange, New York
Cotton Exchange, New York Produce Exchange, EXECUTE ORDERS FOR FUTURE DELIVERY
New York Coffee Exchange, Chicago Boat d of Trade.
COTTON,
Orders executed on the Exchange also for pur­
chase and sale of cotton for future delivery In New
Orleans and Liverpool. Liberal advances made on At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
cotton consignments.
P R IC E , R E ID dfc CO.,
COFFEE,
N orfolk, Va.
At the New York Coffee Exchange, and
Special attention given to orders for cotton for
foreign or domestic shipment.
G R A IN AND PR OVISIONS,
1 . O. BLoer.

Prince &

43 COTTON EXCH ANGE,

Orders executed on the above Exchanges as well
as In New Orleans, Chicago and foreign markets.

Hubbard Bros. & C o.,

F. H .

_
. Biohard Prick Morgan.
Edward R. Morgan.
Dwight c. Morgan.

Rich. P. Morgan & Sons,
R A IL W A Y E X P E R T S
—«
?,xten4ed experience In the construction
?55^ peratlon of railways, we offer our services as
I ndkpkrdjwt Experts to examine and report
?,P5>n the cfcarater and Condition op tot ConEquipment of Ra ilw ays and also
net Earning Capacity . We have
ior capitalists and reported
w22r
“H
,0* the and
Principal
railroads
west «ini«upoll?^?,rly
of Chicago between
Canada
Mexico.

Jos. O. Osgood,
M. Am. Soc. C. B.

Consulting E n gin eer,

a ^ e?oVestorsInVeStment Properti«B for Banker)

»h?i?5?lnation! ln regard to physical condition and
character, earnings, management, needs, value, etc.
R a ilr o a d L ocation and Construction.

120 B R O AD W AY,

-

-

NEW YOR K

WM. FRANKLIN H A LL
BOOKS

ACCOUNT AWT a u d i t e d

New forms designed for books of account.
Settlem ent o f Insolvent

418 Exchange Building. 68. state Street. Boston

John 0 . F. Randolph, E. M.
(School of Mines Graduate, 1869.) J

Consulting Minin«* Engineer15 B R O A D S T R E E T , NEW Y O R K .
Cable A ddress RHOSGOG, New Y ork.