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financial;
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HUNT’S
R E P R E S E N T IN G
THE
MERCHANTS’
IN D U S T R IA L A N D
o
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l
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c
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MAG A ^ I N I
C O M M E R C IA L IN T E R E S T S
OF TH E
U N IT E D 3 T A T E 8 .
Entered a ccording to A ot o f Congress, In t i e year 1893, b y W m . B. D ana & C o., In the office o f the Librarian o f C ongrts", W ishlngton, D. C.
YOL. 56.
SATURDAY, MARCH 1 1, 1893.
%h&
3 per cent. The Canadian returns exhibit a gain over the
week of 1892 of 6’7 per cent.
Chronicle.
36
Week Ending March 4.
Terms o f Subscription—Payable in Advance:
F o r O n e Y 'e a r ..............................................................................................$ 1 0 0 0
F o r S ix M o n t h s .........................................................................................
6 00
E u r o p e a n S u b s c r i p t io n ( in c l u d i n g p o s t a g e ) ........................... 1 2 0 0
E u r o p e a n S u b s c r i p t io n S i x M o n t h s ( in c l u d i n g p o s t a g e ) .
7 00
A n n u a l S u b s c r i p t io n i n L o n d o n ( in c l u d i n g p o s t a g e ) ___ £ 2 1 0 s .
S ix M os.
do.
do.
do.
....£ 1 1 0 8 .
o f th e Ch r o n ic l e f o r s ix m o n th s o r lo n g e r .
T h e St a t e a n d C i t y S u p p l e m e n t o f 1 8 4 p
y e a r l y s u b s c r ib e r o f t h e C h r o n i c l e .
S u b s c r i p t io n s w il l b e c o n t i n u e d u n t i l d e f in it e l y o r d e r e d s t o p p e d .
T h e p u b lis h e r s c a n n o t b e r e s p o n s i b le f o r r e m i t t a n c e s u n l e s s m a d e b
d r a f t s o r P o s t O ffic e m o n e y o r d e r s .
F ile c o v e r s a r e s o l d a t 5 0 c e n t s e a c h , a n d t o n e w s u b s c r ib e r s f o r
y e a r o n e file c o v e i i s su D D lied w it h o u t c h a r g e : p o s t a g e o n t h e s a m e i
18 cen ts.
Terms o f Advertising—(P er inch space).
O n e t i m e ......................................... $ 3 5 0
O n e M o n th
(4 t i m e s ) . . 11 0 0
T w o M o n th s
(8
“
) . . 18 0 0
T h re e M o n th s
S ix M o n t h s
(2 6
T w e l v e M o n t h s (5 2
)-
London Agents:
M e s s r s . E d w a r d s & S m i t h , 1 D r a p e r s ’ G a r d e n s , E . C ., w i l l t a k e s u b
at Is. e a c h .
lOITN G. FLOYD.
1 0 3 W illia m S treet, N E W V O B K .
POST O f f i c e B o x 9 5 8 .
CLEARING HOUSE RETURNS.
United States for the week ending to-day, March 11,
been $1,236,765,328, against $1,345,827,556 last week and
$1,215,053,677 the corresponding week last year.
W eek Ending M arch 11.
C l e a r in g s
R eturns by Telegraph.
1893.
1892.
P er Oem
1893.
*
Sales o f—
(Stocks............... shares. i (2,139.703
( C otton................. bales. » (1,126,500
(G ra in ..............bushels.
(27,876,975
(2,660,967
(361,100
(36,068,512
1,026,396
121,966,784
426,858
..............
108,108,890
P h il a d e lp h ia .....................
P it t s b u r g .............................
80,466,247
15,754.115
73.3AI.388
14,168,40/
B u ffa lo ..................................
W a s h i n g t o n .......................
R o c h e s t e r ...........................
S y r a c u s e ..............................
W i lm in g t o n .......................
B in g h a m t o n .......................
9,285,631
2,051,6:12
1,727,64(
1,006,476
1,015,53£
280,500
7.892,970
1,971,5'. 2
1,624,701
938,666
788,38;
253.100
428 6
+ l')-6
107,272,243
16,468,70(
9,855,982
8,350,0U(
6,7 7 1,28C
3,500,00(
2.033.50C
1,140,591
942,401:
541,731
360,838
245,702
248,925
236,750
157.482,974
96,615,463
L4.O19.10C
6,7 L2,362
6,379,833
5,392,277
2,941,100
2,143,331
1,811,913
865,438
538,564
412,081
198,965
+ 11G
+ 17 -5
+46S
+ 3 0 '9
+25 (
+ 19-0
—5-:
—3 7 ]
+8 i
+ 0 -6
—14*2
423\
138,030,427
+ 1 4 -1
S p r in g fie ld , O .* ..................
T o t a l M id d le W e s t e r n .
17,716,231
2,575,000
1,489 800
1,600,000
1,040,131
1,020,251
177,809
179.100
1,132.974
713,902
25,798,442
San F r a n c i s c o .....................
P o r t la n d .............................
3 a lt L a k e C i t y ...................
S e a t t l e ..................................
T a c o m a ..................................
L os A n g e l e s .........................
- f 12*3
+0*1
-7 * 8
+ 1 5 -9
4 9-2
-7 * 8
S e v e n c it ie s , 6 d a y s . . .
O th e r c it ie s , 5 d a ^ s .............
$889,474,941
148 ,017 ,92 6
$ 8 8 9,75 5,1 49
127 ,018,491
-0 * 0 3
+16*5
$1,037,492 ,867
199 ,372,461
$ 1 ,016,773 ,640
198 ,280 ,03 7
+2*0
40*6
$ L 2 3 6 ,765 ,328
$1.2 1 5 ,0 7 3 ,6 7 7
+18
S t. L o u i s ...............................
N ew O r l e a n s .......................
L o u is v i ll e ..............................
M e m p h is ................................
S a v a n n a h .........................
A t la n t a ..............................
C h a t t a n o o g a ........................
+ 6 -1
—U 2
+45 7
+ 2 1 "5
+25*8
-2 7 4
+19 3
25,817,698
-0 * 1
9,667,076
7,653.844
5 .3 )9 ,0 6 L
4,669.622
5,099.114
l,800,UO0
2,u04,352
1,119,015
925,253
794,366
593,910:
474,601
..............1
40,2 00 ,2l4i
+12 4
-3 8
+48 2
+36
+ 0*6
+11*6
23,155,400
7,805,753
7,79 \080
2,400,000
4,382,528
1 ,9 7 1,080
2,519,943
2,206,582
1,694.403
1,532,320
975,000
905,943
933,813
676,196
795,000
601,569
390,818
+20 5
+26*4
-4 8 * 2
+03*5
-5 * 2
+2 5
+10*5
— 18*;
+ 9*1
+5*4
—45*8
+10 9
—12*0
—7 2
+32*0
T o t a l S o u t h e r n ............
68.271,707
T o ta l a l l .............................
1,345.827,556
O u t s i d e New Y o r k ____
+2"
+11Ll _
+ I 7 ‘t
+4+ 6 -;
18,552,635
2,427,477
1,677,137
1,097,826
856,302
811,321
245,000
150,000
10.868,084
7,362,526
7,910.887
4.838 919
5,123,252
2,182,230
2,315,8 i6
1,283,346
1,132,393
755.797
609.184
499,714
K a n s a s C i t y .........................
M in n e a p o lis .......................
O m a h a ....................................
3t. P a u l ..................................
D e n v e r ..................................
D u lu t h ...................................
545,510,946
M o n t r e a l ............................
H a li f a x . . . .........................
H a m ilt o n ............................
T o t a l C a n a d a . ........
■Mot lucluueu iu totals.
11,746.795
5.920 837
1 ,2 0 ',6 9 0
S 26 .o 20 j
19 697,3421
1,166,49
1,225,06!
1,028,59'
+ 6 -8
-t-31'1
+15T
+ 1 3 -7
79.891.04C
13,511,21*'
+ 1 5 -8
+ 3*3
7,693,09C
2,000,357
1,839,955
928.14
897 87(
235,800
+ 5*0
+ 24 *1
+ 14-3
+ 14 *5
- U 'O
+ 20 *2
91,159,461
14,331,801
7.306.90C
6,671,82;
5,824,33C
2,900,000
1,569,500
800,000
152,867
229,647
373,004
*256.539
29 +420
152,715
131,919,344
+11*8
+ 1 0 -4
+31*2
+ 23 *8
+32*1
+18*9
-1 1 * 8
-5 9 * 1
+190
-5 7 * 3
+38*2
12,077.119
1,590,764
l,4 9 4 ,8 i0
903,716
■809.894
1,177,519
29u,90S
172,271
864.275
870,625
18.515,9 o l
+ 5*6
+3*9
+ 6 *1
+166
+ 10 *8
+ 75 *4
+ 11*9
+23*1
10.218,117
6,631,277
6.760,975
4.439.296
4,707,379
2.059.254
1,668,595
1,128,968
866,328
525.941
516,970
495,500
17,715
40,018,6o0
+ 27 *6
-8 * 6
+ 49 *3
-1 * 2
+23*1
+28*7
+27*0
+20*9
+15 2
—9*5
+ 13*5
+9*6
....
+170
21,360.473
11.702,693
7,009,268
2,859,296
2,260,891
2.087,931
2,237,004
2,012.608
1,625 029
1.V45.873
992,347
1,000,000
907.225
614,^27
471,995
523,014
404,637
+ 4 ’0
+ 10 *8
+ 7-5
+ 9*8
—42*0
+ 5 7 '8
+ 9*0
+ 30 *3
+32*6
—2*6
+ 9*
+12“
44,882.213
T o p e k a ..................................
E m p o ria , K a n .* .................
T o t a l O t h e r W e s t e r n ..
H e l e n a * ............................
T o t a l P a c i f i c ..................
+ 17 *3
(+ 227*3)
(+ 2 40 *1)
(—21*2)
873,98
97,937.68C
+ 22
+9- 1
+23
25.079,632
12,045,281
9.39L.405
3,032.091
2.268,287
3,223.695
2 ,1 1 6 ,2 ;1
2,260,962
1,872,786
1,245,373
1,063,563
955,000
890,995
750.000
700,000
558.262
518,101
S io u x C i t y ...........................
D es M o i n e s ..........................
S io u x F a lls ...........................
P . Gent.
$
745,871,99
(4.080,102
0 ,3 8 4 ,4 0 0
(13,041,775
(-8 C
(+ 2 1 2 <
(-2 2 -4
F a ll R i v e r * .........................
T o ta l N ew E n g la n d ..
C h i c a g o .. . , . .........................
C in c in n a t i...........................
M ilw a u k e e ...........................
D e t r o i t ..................................
C le v e la n d ..............................
C o lu m b u s ............................
P e o r i a ....................................
I n d ia n a p o lis ....................
G ra n d R a p i d s .....................
1693.
+3-9
1,222,545
1,157,355
1,156.66
$64 6,15 1,4 36
7 3 ,1 6 5 ,5 2 8
56,215,588
1 1 ,662,000
7 3 ,022,000
19,939,844
9 ,5 98,753
T o ta l a ll c it ie s f o r w e e k ..
8
770,024,20
W eek E n d 10 Feb 25.
|P. Cer
M 9 6 .3 0 C
l,201,66t!
l,4 2 4 .0 ie
$62 5,00 6,2 25
82,168,283
56,252,322
10,756,479
84,659,300
2 1 ,779,438
8,852,894
The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
course, furnish them to-day, bank clearing being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, Febru
ary 18, are given below, as well as the comparative totals in
1892. The aggregate for the week is one hundred and thirtyone millions of dollars more than that for the preceding
week, of which nearly forty-five millions is at New York.
It should be remembered, however, that the results for the
week ending Feb. 25 covered only five business days. Specu
lative transactions on the New York Stock Exchange have
been much smaller than for the week ending February 25,
and slightly less than in the same week in 1892. Compared
with the corresponding period of 1892 there is an increase of
6f4 per cent in the whole country and a gain of 10*4 per cent
outside of New York, the excess at this city being 3*9 per
cent. The heaviest per centages of increase in the current
statement are at Houston, 63 5 per cen t; New Orleans, 54*3 ;
Omaha, 48*2; Milwaukee, 46-8; Seattle, 45*7 and St. Paul,
1892.
S p r in g fie ld ........................
W o r c e s t e r . ............. ........
P o r t la n d .............................
N e w Y o r k ...............................
B o s t o n .......................................
P h ila d e lp h ia ...........................
B a lt im o r e ................................
•Chicago.....................................
S t L o u is ..................................
N e w O r l e a n s .........................
T o ta l all c itie s , 5 d a y s ..
A l l c it ie s , 1 d a y .................... .
NO. 1446.
421*2
4-12*2
+ 1 4 •:
422 4
—4 9
42*6
4 5 *3
+8*3
+12*2
....
+ 9*2
-0*8
+ 2*8
+16*1
+ 9 1 -4
+48
+0 7
+23 9
59.944,014
+ 8 -4
,264,793.895
-6 4
.214,034,304
+ 15 *5
les.assi!
410*4
467,662,305
+ 1 1 -4
9.872,281;
6,821,810
1.004.954
7 68 ,80 +
4190
—18 2
+ 19*9
12.718,926
5,756.204
922 7 t4
850,0 0
20.047.874
+48 9
+15*1
—21*3
60,66 n+
oo
18.46. oatL
+12 6
+ *4
•6*71
+22*7
+ 31*5
THE CHKONIOLE.
890
THE
STATE
AND
C IT Y
D E fA flT M E ttT ,
See pages 4 7, 4 2 8 , 429, 4 3 0 a n d 4 31 for our State
and City Department.
All advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.
A n e w ed ition o f th e
S T A T S AH® OU T a u m & V E H T t
revised to as near the day of publication as possible, will be
issued in the month of April, and will be given without
charge to all yearly subscribers of the C h ro n icle.
GOLD
AND
SILVER PRODUCTION
RUSSIA.
IN
Mr. E. 0 . Leech, Director of the Mint, writes us
under date of March 8 that the following dispatch has
just been received from our Minister to Russia, relating
to the gold product of the Russian mines for the
calendar years 1891 and 1892.
“ Russian gold product,1891, thirty-one and a-quarter
“ million, silver, seven hundred forty-six thousand,
“ metallic rubles; gold product, 1892, thirty and a-half
“ million, silver, seven hundred and eleven thousand,
“ metallic rubles.”
The above gold product corresponds to $24,125,000
in 1891 and $23,525,000 in 1892, a falling off in 1892
of about $600,000.
THE FIN A N CIA L SITUATION.
The inauguration of the new Administration at
Washington last Saturday has been the event of chief
moment this week. President Cleveland's address gave
general satisfaction, especially that part which empha
sized the importance of a sound and stable currency,
and expressed the determination of the executive
branch of the Government to use all the powers with
which it is invested to prevent depreciation and main
tain the national credit. Since that occasion the Gov
ernment gold reserve has been further reduced by the
export of Tuesday, a circumstance which together with
the general condition of affairs has caused the rumors
as to bond issues to hold a large place among
the influences affecting our Wall street markets.
All that can be definitely stated with reference to
the reserve is that Secretary Carlisle has accepted
the generous offer of the Denver banks to exchange a
million gold for currency and a similar offer on behalf
of the Chicago banks of three millions of gold. Writ
ing respecting the latter, Mr. Lyman J. Gage, Presi
dent of the First National Bank of Chicago, which
bank contributed five hundred th ousand dollars of the
amount to be exchanged by the banks of that city, ex
plains that the offer originated from a great scarcity of
small notes there, and with his usual frankness he adds
that he claims no patriotic motive at all in the
matter.
Nothing definite has been announced as to bond is
sues. From some little facts which have become pub
lic it would seem that Mr. Carlisle has probably satis
fied himself of the ability of the Government to com
plete a negotiation at a satisfactory figure, and at any
moment, either in London or here. Judging from the
conditions to be met, we should imagine that when the
negotiation is effected the Secretary would make the
arrangement so that the securities would be placed in
the Jsondon market. We may presume he would find
[VOL. L \I.
no difficulty in securing an agreement on the part of
those taking them not to market the bonds for a fixed
period. The situation of our money market is such
now thft to transfer from the New York banks to
the Sub Treasury even a few extra millions of
any kind of currency might possibly produce
more disturbance than
any issue of
bonds
could allay. Moreover, the gold which is wanted is to
meet a drain for Europe, and, as we have often said, it
cannot strengthen the Treasury any to withdraw the
metal from the New York banks for that purpose. On
the other hand, by placing the bonds in London it
would relieve rather than disturb our money market, for
it would satisfy the demand for gold for export to just
the extent of the loan, and perhaps very little of the
metal would have to be transferred from London to
New York.
At present the conditions here are favorable for the
temporary relief of the Treasury. A feature in the
situation is that our interior banks are inclined to help
the Government over the existing need for gold ; the
two instances mentioned above are illustrations of a
general desire prevailing, and which has been expressed
by other cities. Furthermore gold exports have for the
moment stopped. This, for the time bang, is an
important fa ct; of course though, the stoppage is
not because the demand has been satisfied, for there
are orders for gold held here now by our bankers which
are not executed simply because foreign exchange,
under the influence of our stringent moaey market,
has declined materially. Still, this demand for gold is
likely to assert itself again soou, and must continue to
be active during the coming three months, as our for
eign trade is in such a shape, and is likely to remain so,
as to require gold experts, unless our debts are paid
through the purchase of securities by Europe. There
is no doubt that railroad bonds are being taken for
London account more largely than they were a year
a g o ; stocks, too, had begun to move to some extent
before the Reading collapse. Furthermore, it is obvious
that anyttring the Government may do to revive confi
dence would tend to promote this transfer of securities
to Europe, and that act in turn would help to check
gold exports, and so further relieve the pressure on the
Government. At the same time there is another view
which has force and which ought not be overlooked.
Tne issue of Government securities is a merely tem
porary expedient; but what is going on to day in this
country is an object-lesson in the line of a permanent
cure. It is calling the attention of the public to our
disordered currency condition and tending to develop
correct views. The difficulties which beset us this
spring can be bridged at any moment by a large sale of
bonds. But the question arises—what will achieve the
greatest ultimate good? Will a sudden and complete
rel.ef, or will a continued endurance of the pressure be
the more instructive ? As there can be no end to this
struggle except with the repeal of the Silver Purchase
lav, the foremost problem is, by which method can
that be soonest effected ?
As already indicated, the money market has been
much more active. Unquestionably, manipulation has
aided in producing the condition which has prevailed,
but probably that may be said of almost every similar
occasion. There have this week also been real and
good reasons for an increase of activity. Ia the first
place the movement of currency to the interior has con
tinued, though the report is that these shijoments have
fallen off during the last half of the week. Then, too,
M a r c h 11, 1893.]
THE CHRONICLE.
'there was a withdrawal on Monday for export to Europe
of $2,300,000. In addition to these facts it appeared
by last Saturday’s bank return that three of the larger
Clearing House institutions held $6,850,500 surplus re
serve, while the banks as a whole had $6,503,125.
Overmuch was made of this latter circumstance, it being
assumed that it indicated that all the other banks were
short of the requirement, while that was very far from
the truth. However, the result of it all was that on
Monday money on call was very active and early in the
afternoon it was bid up to 60 per cent, and the follow
ing day there was an early demand and interest equal
to about 51 per cent per annum was paid. But these
high rates appeared to bring in a supply, and there
was a fall the latter day to 2 per cent by the close,
although it should be said that then the inquiry for
the day had been satisfied. On Wednesday the range
was between 15 and 3 per cent, and on the following
day 7 per cent was the highest and 4 per cent was the
lowest. Yesterday the rates were 15 and 6 per cent,
the close being at the latter figure.
Eor call money the extremes for the week were con
sequently 60 and 2 per cent, and the average was about
15 per ce n t; renewals were made at 7 to 12 per cent,
and the minimum at banks and trust companies was
6 per cent (many of them were charging more than
the legal rate), some of them obtaining as high as 15
per cent. Time money was in demand for short dates,
but lenders generally refused to make contracts for less
than six months, and needy borrowers were compelled
to supply themselves at a high rate for that period. In
commercial paper the business is stagnant; the banks
are generally low in their reserve, and they are disposed
to accommodate their customers instead of buying pa
per ; the supply is abundant and a large amount is
probably held back in anticipation of an easier market;
rates are 6 to 8 per cent regardless of classification.
About the only feature abroad this week has been
the revival of the excitement regarding the Panama
Canal investigation at Paris, due to the detailed state
ment by M. Charles de Lesseps implicating prominent
persons and ex-Government officials, and the con
fession of M. Baihaut, who extorted large sums
from the Canal Company.
The
cable reports
discounts of sixty to ninety-day bank bills in
London I f per cent. The open market rate at
Paris is I f per cent, at Berlin it is I f per cent and
at Frankfort I f per cent. The Bank of England, ac
cording to our special cable from London, gained £10,257 gold for the week, and held at the close of the week
£27,044,288 ; our correspondent also advises us that
the gain was due to the import of £68,000 (of which
£32,000 was from Australia, £30,000 from Portugal
and £6,000 miscellaneous sources), and to shipments to
the interior of Great Britain of £58,000.
Foreign exchange was unsettled early in the week by
the activity in money, but later it recovered, although
it was not restored to its normal condition until Thurs
day, when it was dull and firm; yesterday, however, it
was again weak, on a better supply of bankers’ bills,
chiefly against purchases of securities. The market
opened on Monday unchanged compared with the close
on the previous Friday, but during the morning Brown
Bros, reduced their rates one cent per pound sterling to
4 86 for long and 4 88 for short. On the following day
this house made a further reduction to 4 85 for sixty
day and 4 87 for sight; Baring, Magoun & Co. and
the Bank of British North America lowered their
rates to 4 86 for long and 4 88 for short, and the Bank
391
of Montreal reduced to 4 86f for sixty day and to 4 88f
for sight, and the market closed on that day unsettled
and weak. On Wednesday Brown Bros, opened at an
advance to 4 85f for long and 4 87f for short, and soon '
after moved their rates up to 4 86 for the former and
4 88 for the latter, while the other drawers made no
change. The tone was dull and steadier at the close
of that day, but yesterday, as already stated, it was weak
at 4 86 to 4 86^ for sixty day and 4 88 t# 4 88£ for sight.
Bates for actual business were 4 85 to 4 85^ for long,
4 87 to 4 87^ for short, 4 87i to 4 87£ for cable trans
fers, 4 84^ to 4 84£ for prime and 4 84 to 4 84^ for
documentary commercial bills. Gold to the amount of
$2,300,000 was shipped to Europe on Tuesday, Heidelbach, Ickelheimer & Co. sending $1,300,000 and Lazard
Freres $1,000,000, but the bills drawn against this ship
ment were sold last week. There are unfilled orders
for gold which may be executed next week if the
condition of the exchange market will justify the
movement.
While there are no strikingly new features in the
general trade situation, it is interesting to note that
the volume of business continues large— production in
most lines of industry being very heavy, and consump
tion usually equal to the production, and in a few
cases ahead of it. From the dry goods trade the
accounts are a little less glowing than heretofore, and
buyers in need of immediate supplies find much less
difficulty in filling their requirements than was the
case in previous weeks ; some concessions from recent
extreme figures are also reported in prices in certain
instances. Nevertheless consumption is large, and prices
cannot be considered otherwise than satisfactory, the
advance in cotton since the cotton year opened having
of course had an important effect on the prices of goods.
In the iron trade also consumption continues very
heavy, though in this case it cannot be claimed that
prices are satisfactory, as while latterly they have
been firm and on the whole well maintained, yet
quotations are on a low basis and leave very lit
tle margin of profit to the manufacturer.
It
deserves to be pointed out, however, that notwithstand
ing the low prices, the weekly production has recently
begun to increase again, and, moreover, contempora
neously the aggregate amount of stocks has fallen off
somewhat, indicating that consumption is keeping up
with the advance in production. The Iron Age of this
city finds that the weekly capacity of the furnaces in
blast on March 1 was 176,978 tons, as against 171,201
tons on February 1 and 173,068 tons on January 1. A
year ago the weekly total was as much as 193,902 tons,
but that was the maximum figure, and by September 1
the amount had dropped to 151,648 tons; from thia
latter amount, therefore, there has in the six months
since then been an increase of over 25,000 tons per
week, or at the rate of 1£ million tons a year. As re
gards stocks, sold and unsold, the Age reports a total of
735,424 tons March 1, against 743,125 tons February 1
and 749,906 tons January 1.
The New York & New England has this week is
sued its annual report for the calendar year 1892, and
Mr. Charles Parsons, the President, criticises quite se
verely many of the acts of the company preceding his
accession to office. Some of the charges are very
serious, as for instance the statement that “ during
the year 1891 the car accounts of the company were
deliberately falsified,” that “ large amounts which
should have been charged to operating expenses ” were
suppressed, etc. Past policy is sweepingly condemned
3 92
THE CHEONLCLE.
[VOL. LV I.
Bullion holdings of European banks.
in important particulars, and competing roads also of
course come in for a share of adverse criticism for
March 9, 1893.
March 10. 1893
B ank o f
having withdrawn some of the facilities previously ex
Total.
Gold.
Gold.
Silver.
Silver.
Total.
tended to the New England. The impression which
£
£
£
£
£
£
27,014.283
E
la d ........... 27,014,288
201
reading of Mr. Parsons’s report gives, is that F rnagn c n .......... . 66,192,205 50,723,335 116,915,540 25,292,201 50.501.000 125,2922 ,0 (0
55,551,000
e
0 6 ,0 3
G e r m a n y ......... 34.401,750 11,467.250 45.869.000 36,518,250 12,172,750 4.8.091.000
managing the property has been by no means
5.474.000 16.739.000 22.213.000
A u s t .- H u n g ’ y 10,389,000 16.883.000 27.272.000
an easy or a pleasant task.
The income state N e t h e r la n d s .. 3.222.000 7.140.000 10.362.000 3,173.00(. 6,716.00( 9.833.000
ment shows a deficit in meeting fixed charges N a t .B e l g i u m . 3,114,667 1,557,333 4,672.000 2.930.000 1.435.000 4.395.000
7.612.000 5.450.000 13.082.000
7.246.000 4.930.000 12.176.000
S p a in .................
for the year of $60,430, but it is claimed the 1892 result T o t . t h is w e e k 151,975,910193,220,918 245,193 828 138,194,451 93,523,7 50j 228.718,201
is not fairly representative of the earning capacity of T o t . p r e v . w ’ k 151,464,381 93,145.072 244.609.453 135.845,153 92,631 6 07 :228,476.820
the road— that some items of expense charged in 1892
should really have been charged in previous years, and
EFFECT ON SILVER OF THE R E P E A L OF
furthermore that the item of express earnings the cur
THE SILVER-PU RCH ASE LAW.
rent year, under a new contract made, will yield an in
We have so many times been asked to give our views
crease of $74,000. Mr. Parsons therefore expresses the
with reference to the matter suggested in the following
hope that, under careful and eeonomical management,
letter that we make a public reply in this case.
and “ if the volume of business derived from present
N e w Y o r k , M a rch 4, 1 89 3.
connections continues,” the dividend on the preferred M esst's. W illia m B . D a n a & C o ., P u b li s h e r s C o m m e r c ia l de f in a n c ia l
C h r o n ic le , 1 0 2 W illia m S tr e e t, C i t y .
stock may be earned during 1893. The amount of
D e a r S i r s : W e a r e r e q u e s t e d b y a c o r r e s p o n d e i i t t o a s c e r t a in , i f
notes payable is reported as $442,853 for Dec. 31, 1892, p o s s i b le , y o u r v i e w s o n t h e p r o b a b l e c o u r s e o r t h e s i lv e r m a r k e t in tlieand the total of all current liabilities, including the e v e n t o f t h e r e p e a l o f t h e S h e r m a n l a w . H e w is h e s t o k n o w w h e t h e r
t h e r e p e a l o f t h is l a w w i l l i n y o u r o p i n i o n c a u s e a m a r k e d a n d
notes and also including accrued interest to December im m e d i a t e d e c l iu e in t h e p r i c e o f s i lv e r , a n d w h e t h e r s u c h d e c l in e is
31, $2,153,912, against which the company held $1,- l i k e l y t o b e p e r m a n e n t .
773,558 of available current assets ($282,660 of the I f y o u a r e a b le t o g i v e u s t h e i n f o r m a t i o n w e d e s ir e , w e s h a l l e s t e e m
it a g r e a t fa v o r .
Y o u r s v e r y t r u ly ,
amount being in cash), leaving the net debt only $380,T . W . M . & CO.
The question asked above does not permit of a
354. Besides this, a balance of $200,000 on the pur
concise or exact answer. Most people would say
chase of Piper’s Wharf fell due March 1, 1893.
We give our statement of railway gross earnings for off hand that the effect of withdrawing one-third of the
Eebruary on another page, and of course it records a regular demand for silver bullion would most obviously
falling off as compared with the same month last year. break the market and depress beyond measure the
The conditions prevailing, and especially the adverse silver-producing industry. If the Government pur
weather, precluded any other result. We have also chases of silver were in the nature of a healthy, normal
had this week a few additional returns of net earnings demand, and a sudden, unanticipated withdrawal
for January, and many of them are unfavorable. Thus should occur, no doubt the forecast suggested would be
the Cleveland Cincinnati Chicago & St. Louis lost correct. Cut off to-morrow one-third of the consump
$93,855 in gross earnings and at the same time in tion of sugar or coffee, there could be no two opinions
creased its expenses $55,493, thus leaving net as to the result. There would be a material fall in
of only $135,669 for January 1893, against $285,- price, most likely a panic in the markets would follow,
017 for January 1892.
The Mexican Central and no stability could be hoped for, and still less could
has gained $21,638 in gross, but loses $51,592 a recovery be anticipated, until values fell to a point
in net. The Minneapolis & St. Louis, with gross earn which brought the world’ s production down to the new
ings a trifle larger than in January 1892, reports net restricted consumption.
of only $37,094, against $50,561. The Chicago Bur
What to-day makes the question raised respecting
lington & Northern has lost $3,334 in gross and $12,406 silver differ from and more complex than coffee
in net. The Chicago & West Michigan, with $10,692 or sugar is (1) that the United States demand for silver
gain in gross, has $20,073 loss in net. The Phila is not a natural demand ; (2) that the stoppage of our
delphia & Erie reports net of only $33,190, against purchases has been seen to be an ultimate necessity
$88,263 last year. On the other hand, the Ohio & from the day the Bland Act went into operation, being
Mississippi, on $8,823 gain in gross, has increased its anticipated with increasing certainty each succeeding
net from $79,286 to $105,701, and the Denver & Rio year, until now in the world’ s judgment a crisis is close
Grande likewise reports an increase in net—from at hand, not because of any assurance that Congress$309,559 to $316,211.
The Toledo & Ohio Cen will repeal the Silver-Purchase act, but because accord
tral has quite a large gain in net, having increased from ing to the world’s opinion the limit of our endurance
$37,630 in January 1892 to $63,073 in January 1893. has been nearly reached; and (3) as a consequence of
The Ontario & Western has increased its net from the foregoing facts the price of silver in the markets of
$22,987 to $41,988.
the world has already dropped to a point at which the
The following gives the week’s movements of money output of the mines, at least in this country, averages a
to and from the interior by the New York banks.
loss to the producer. Now if the reader will mark
these points of difference between the character of the
Received by Shipped by
N e t Interior
TYeek E n d in g March 1 0 .1 8 9 3 .
present demand for sugar and silver, between the con
N .Y . Barite. N . Y . B a nte.
M o vem en t
$ 3 ,8 7 5 ,0 0 0 $G 2 2 1 ,0 0 0 L o s s . 2 ,3 4 6 .0 0 0
ditions which to-day control the two markets, and
5 2 4 OOO
6 8 4 ,0 0 0 L o s s .
G o l d ...................................................................
1 6 0 ,0 0 0
between the level of values which prevails in each, we
$ 4 ,3 9 9 ,0 0 0
T o t a l g o ld a n d le g a l t e n d e r s . . .
$ 6 ,9 0 6 ,0 0 0 L o s s $ 2 ,5 0 8 ,0 0 0
think he cannot be long in reaching the conclusion
With the Sub-Treasury operations and gold exports,
that no similarity in effect could be expected from the
the result is as follows.
suggested suspension of a portion of the demand for
In to
Out of
N et Change tn
W eek ending March 10, le.93.
each article.
Barite.
B a nte.
Bank Hoi ding t
But a more exact idea of the exceptional position of the
B a n k a ’ i n t e r io r m o v e m e n t , a s a b o v e $ 4 ,3 9 9 ,0 0 0 $ 6 ,9 0 5 ,0 0 0 L o s s .$ 2 ,5 0 6 .0 0 0
1 6 .9 0 0 ,0 0 0 1 9 ,9 0 0 ,0 0 0 L o i s . 3 ,0 0 0 ,0 0 0
silver bullion market will be gained if we give slightly
B u b -T r e a s . o p e r . a n d g o l d e x p o r t s . . .
T o t a l g o l d a n d l e g a l t e n d e r s ........ $ 2 1 ,2 9 9 ,0 0 0 $ 2 6 ,3 0 5 ,0 0 0 L o s 3 .$ 5 ,5 0 6 ,0 0 (
fuller details respesting the peculiarities referred t o ;
M
fo r
THE CHRONICLE.
1 1 ,1 8 9 3 .]
arch
th e r a d ic a l c h a r a c te r o f
as th e y a re e x a m in e d .
a n d y e t so m e w h a t m o re fu lly
th a n w e
o f th e d is t in c t iv e fe a tu r e s w h ic h
u n iq u e .
(1 )
I t is w a n t in g
s p o n ta n e ity o r o f
(2 )
I t is i n
no
a c t io n
in
in
w e e k ly
n o t p ro ce e d fro m
have
m ake
done
th i3 d e m a n d
o b e d ie n c e
to
pu rch ases
o b e d ie n c e
(3 )
n o t u se u p
is
(4 )
It does
t h e s ilv e r o r e v e n p u t it o u t o f s ig h t , b u t th e
stored
aw ay w h ere
cost, som ew h at
be
It does
to a w a n t b u t c o n
t in u e s in o p e r a t io n w h e th e r n e e d e d o r n o t .
m eta l
so
n a t u r a l la w s .
to p r ic e , th e
w h a te v e r th e p r ice .
o r a c t in
som e
th e im p o r t a n t e le m e n t o f
d e g r e e r e s p o n s iv e
b e in g r e q u ir e d
c a r r ie d
lik e
it3
corn ered
d a ily m o r e
In
th e s e p e c u lia r it ie s d o v e lo p s
L e t u s t h e n r e -s ta te v e r y b r ie fly
w e ig h t
and
g r a in , m a k e
b u lk
th e
and
c o n n e c tio n
U n it e d
lie
w ill fin d
(5 )
b u llio n
p u b lic ;
c a ll it a t p r e s e n t th e
reader
d e s ir e s ,
but
th e
t h e w ill
o f
th e
m a jo r ity
m ay none
th e
(6 )
o th er w ord s,
S ta tes, fo r
th e p r o d u c t
m u ch
th e
to
c o n s e q u e n tly so
s ig n ific a n t a n d
t io n
d u s tr ie s
th a t
s itu a t io n
and w ho
seek
of
th e
th o se
w ho
rep eal
o f
r e a liz e
th e
th e
sta tu te
i3
w it h t h e
w h ile
w e
have
m ore
th a n
a3
s u r v iv e
in
A m e r ic a
in
a n y c o n t e s t w it h
eph em eral
k n o w s , is w e ll
error.
ch a ra cter, as
u n d erstood
in
(7 )
every one
E u rop e, and
t h e e n d o f th e s y s te m t h r o u g h a p a n ic o r b y th e r e p e a l o f
th e
sta tu te h as b e e n
our
s e c u r it ie s
B r ita in
a n t ic ip a te d
h e r e to fo r e
and on
th e
by
h e ld
th e
by
m a r k e t in g
in v e s to r s
as
fu lly
to
day
b y th e p u b lic
w o r l d , a n d is
th ere
d e n o u e m e n t w e re a lr e a d y a n a c c o m p lis h e d
S u ppose
n ow
fo r
a
m om ent
it w as
s o m e o t h e r a r tic le o r c o m m o d it y
o f
d is c u s s io n , b u t t h a t t h e
o r r a th e r o t h e r s u ita b le
and
does
n ot
lo n g
th a n
t o s ilv e r ,
a s o lic itu d e
in
n ot
le a d
us
lo w e r th a n
to
a n n u a l p r o d u c tio n
th e
w a y , is
m ark et
n ot
in v a r ia b ly
a
a
m ore
a ct th rou g h
en h an ced, w e
w h ic h
be
aad
th e c o m m o d it y
fro m
and
h an d
to
every on e
fe a r
a fte r
e ffe c t
is
is
endanger
o ff
bu yers
th e
th a t if
a ffe c te d
is
be
a c c e le r a te d
in d u c e ;
so
m o r e r a d ic a l th a n th e
no
B u t
lo D g
th e
th a t
on
th e
cu rren t
p r ic e
o f
w a rra n t.
th e
how
w o r ld
cred
m ark et
th e
in s t a b ilit y b y a
fa c ts ev en
hand,
e x is t w h ic h
th e
as
use
buy
fo r
r e g a r d le s s o f
c o n d itio n s
of
o n ly
dem and
of
fo r
m ark et
m ark et
s u r p lu s
of
T h e
a ccou n ted
th e
th e
a r t ic le , t h e
w ill s h o w
th em
seem s
in
be
th e
U n it e d
o f
and
has dropped
an
th ey
th e
w o r ld ’s
th ir d
o f
s u p p ly ,
a
th e
tota l
A re
s u p p ly .
has
H ow
a lr e a d y r e a c h e d ,
s e n t e x tr e m e d e p r e s s io n
th e m a rk e t c o n d itio n s
in
th e
m u st
o f
su ch
to
O r to
ta k e
exp ress
reassert
cau se
th e p r ic e
to
n e a r ly
th e o r e tic a lly ,
th ey n o t
th a t th e
w h ic h
cost o f
begu n
a u th o r iz e d
as w e h a v e se e n , w a s to b e a n t ic ip a te d F
c le a r e r f o r m — d o
p r o
been
produ ces
p r o d u c in g
w e n ot
th a t
has
average
as c o lla te r a l p r o o f o f a r e s u lt w h ic h
th e th o u g h t in
con n ec
dem an d
w h ic h
and
cou n try
even
s u r p lu s
r is in g
cou n try , a cou n try
in
in
h ig h ly
sh ow
a r t ific ia l
e n tire
b e lo w
at
in
m ore
B u t
are
o b v io u s
;
s ilv e r in s t e a d o f
m in e s
even
d e t e r m in e d .
s u p p o r tin g
th e
M e x i c o is
d e v e lo p e d , th e y
e s s e n t ia l
th e
e x te n t o f th e d e
th e
th e
a n oth er
and
th is
o f
up
an
fa c ts b e in te rp re te d ?
o f
th e
th e p r e
s ilv e r b u llio n
fo rc e d
pu rch ases
is
o f
s ilv e r h a v e p r o d u c e d .
O f
cou rse
s a id is
n ot
a n o b v io u s in fe r e n c e fr o m
cau se
m ark et
a
p erm an en t
on
a
p r ic e
d e c lin e .
d e c lin e , f o r
th e
th e
of
any
s e n tim e n t.
recovery, an d
as w o u ld
It
has
m ig h t
im m e d ia te
h a p p e n in g
m ea su re a m a tter o f
fa v o r
w hat
been
th a t th e re p e a l o f th e S ilv e r -P u r c h a s e L a w
im m e d ia te
cou rse
event
is
B u t th e
w o u ld fa v o r a t
w ill
cau se
o f
in
great
fa cts
le a s t
as
an
th e
w o u ld
h ig h
a
m a k e t h e a v e r a g e m in e p r o d u c t iv e .
P E N N S Y L V A N I A
W IT H
th a n
d e s c r ib e .
e x p e r ie n c e
s ta b ility
sh u t
a
c o n fid e n c e
fro m
a n y k in d
th e
q u o t a t io n s f o r a c e r ta in
m o d ity
of
b e d e fe r re d .
over
w h at m an n er su ch
of
th e
th e
in flu e n c e
v a lu e s
d is q u ie tu d e
cau sed,
a sserts, w e re p e a t,
ib ly
In
p r ic e
th e
of
O r, sta te d in a
e c o n o m iz e d , c o n s u m e r s
p u ts
been
b y
h a n g in g
d o u b t la r g e ly
o f
had
th e y h a v e d e v e lo p e d
m o u th , th ey k eep
a r t ic le w h ic h c a n
th e
say, to
p o r tio n
h a r d ly s to p to
a b s te n tio n
a la r m
th e
d e p r e s s in g
t h e r e is d o u b t a s t o t h e f u t u r e
o f
to
th ey
b u llio n , u n d e r
w it h h e ld ?
th e fa ll in
need
v a lu e c a n n o
an
th e
is
of
th e g en era l w a n t
th ey p rod u ce a n d h ow
th rou g h
In d eed
b e w a rra n ted
of
a n d th e ir p r o p o r t io n s a re se e n P
d e c lin e in
a n tic i
presu m e
T h at
w o u ld
c r e d ib le
a ctu a l fa cts p ro v e to
and
be
a ffa ir s w h ic h
s u p p ly
h ith e r to
gen eral
in flu e n c e s
s u b je c t
a n d a p p r e h e n s io n a s t o t h e u n d e fin e d c o n s e
s im p le a d d it io n
th e
s ilv e r b u t
th e
a ll
to
n o t th e p r ic e
q u e n c e s o f th e a r tific ia l s ta te o f
p r o d u c e d , fa ll
o n e -t h ir d
p r ic e
in
c o n c lu s io n
m a rk e t p r ic e ?
d is c o u n te d ?
w o u ld
th e
p r o d u c tio n
c o n d itio n s , th r e a te n e d
th e
e x p e r ie n c e
w o u ld b e m o r e
retu rn
if
c o n d it io n s d e s c r ib e d a b o v e ,
s im ila r
d is c o u n te d
as
fa ct.
th a t w as
t h e m a r k e t— w o u ld n o t th o s e c o n d it io n s
p a ted
of
G rea t
C o n tin e n t , b e s id e s b e in g p r o p h e s ie d
f o r y e a r s b y a ll fin a n c ia l w r ite r s o f t h e o ld
b e lie v e d
in
ra n ge fo r
a v e ra g e p r ic e
m in in g
th a t
yet
been
fa llin g u n til it
w ill
m is c h ie v o u s a n d
s a id
s ilv e r
th is c o u n t r y
M oreover,
s u ffic ie n t t o a b s o r b o u r
d u c tio n , th e
tru th
seem ed th en ,
have
an
m a tte r u n d e r d is c u s s io n
r a p id ly in c r e a s in g a n d w ill g o o n in c r e a s in g a s in e v ita b ly
Its
of
m ark et
d e c r e a s e .”
in d ica te
th ere ca n n ot
d is tu r b s o u r in
n um ber
w ill
ta k in g th e fa c t s as a lr e a d y
and
th e
cu rren t
th e
s a m e s itu a t io n , t h o u g h
and
sound
“
1 3 -1 6 d .), b u t o f
at han d
now ,
p r e s s io n
(3 9
m oney,
of
t im e
t h a t m o s t l i k e l y is s o m e w h a t h i g h e r t h a n
d is o r g a n iz e s o u r fin a n c e s
p r in c ip le
(th e
th e
3 1 /0 .
w it h
n o t o f t h e a v e r a g e c o s t o f s ilv e r p r o d u c t io n in t h e
p a lp a b ly
every
th a t
th a t
p rod u ct
w e sta ted th a t
w h ic h
le s s
at
c o n c lu s io n
in
page
la s t y e a r h a s fu r n is h e d a c le a r s o lu t io n o f t h e p r o b le m —
It
I t v io la te s
w e
2 5 th ,
w ill d e c r e a s e h e r e a ft e r in s te a d o f in c r e a s e a s h e r e t o fo r e .
In
average
fic k le
w h ic h
th e
b a c k ) th e s ilv e r
y e a r ’s
w ill o f t h e m a jo r it y i f th e
c h a n g e to a s m a ll m in o r it y a y e a r h e n c e .
th ere
F eb ru a ry
at 3 8 d .@ 3 9 d . p e r o u n c e
c le a r ly
at
reader tu rn
c o s t o f S ilv e r P r o d u c t io n
p u b lis h e d
fa cts
som e m on th s
fo r m a tio n
in fo r c e
th e fo r e g o in g , le t th e
T h e
p e r m it n o e s c a p e f r o m
w ill s to p b y th e r e p e a l o f th e s ta tu te s o m e tim e , f o r th e
o n ly k e p t
“
S t a t e s ,”
sta tu te
is
w it h
to o u r a r tic le o n
to
lo a d
o n e r o u s a n d th r e a te n in g .
393
com
d e c lin e
T h e
r e s u lts
R E S U L T S
O T H E R
of
C O M P A R E D
T R U N K
o p e r a tio n s
o f
th e
L IN E S .
P e n n s y lv a n ia
r o a d fo r th e la te c a le n d a r y e a r , as g iv e n in
report
s u b m itte d
m en ta ry a t
lin e
on ce
b u s in e s s
th is
w eek,
u pon
w h ic h
th e
fu r n is h
a
th e
s t r ik in g
c o n d itio n s a ffe c tin g
p r e v a ile d
d u r in g
th e
R a il
annual
com
tru n k
year
in
q u e s tio n , a n d th e g r e a t (w e m ig h t a lm o s t sa y e x c e p t io n a l
a n d u n iq u e )
n ia
m oved
th e
p o s it io n
R a ilr o a d
o f stren g th
C om pany
h o ld s .
w h ic h
a la r g e r v o lu m e o f t ia ffic th a n
sy stem
a ls o
earn ed
th e P e n n s y lv a
T h e lin e s o f th e s y s te m
m ore
m oney
ever
b e fo r e , a n d
gross
th a n
b e fo r e , a n d y e t n e t e a r n in g s a c t u a lly f e ll o ff— in
c o n s id e r a b le
fa llin g
o ff
a m ou n t,
th e
to o .
com pan y
d iv id e n d s
u p on
ch arge
$ 1 ,2 6 3 ,1 3 7
o ff
its
p r o p e r ly b e lo n g in g
a ll
annual
B u t
w as
1 2 6 f
fo r
m illio n
p r o fit
m o n th s in
and
lo s s
on
pay
6
d o lla r s
per
o f
th is
cen t
stock ,
r e p a ir s
n ot
a c c o u n t , b e s id e s m e e t in g
fo r in te r e s t, r e n ta ls a n d s in k
in g fu n d s , a n d y e t c a r r y fo r w a r d
of
to
e x tr a o r d in a r y
to c a p ita l
r e q u ir e m e n ts
n o t w it h s t a n d in g
a b le
ever
q u ite a
th e
a s u r p lu s t o
o p e r a tio n s
th e h a n d s o m e fig u r e o f
o f
th e c r e d it
th e
$ 2 ,1 2 7 ,0 2 6 .
tw e lv e
THE CHRONICLE
394
I t is o f c o u r s e n o n e w
show
su ch
In
th e
e v e n la r g e r a n d in
t h e b e n e fit o f
th e P e n n s y lv a n ia to
In
as
th e
r e s u lt o f
th e a m ou n t o f over
p r e c e d in g
year
th e
a m o u n t w as
th a t y ea r
a d iv id e n d
th e
on
c o m p a n y d id
its
C o m p a n y s t o c k , w h ic h
m en t m u st h ave cou n ted
good
fo r
a la r g e s u r p lu s b a la n c e
year’s w ork .
v a n ia
th in g
in
fo r
1892
P e n n s y l
in c o m e sta te
a b o u t 1 8 0 0 ,0 0 0 .
s p e c ia l
B u t th e
s ig n ific a n c e b y
n e t e a r n in g s a b o v e r e fe r r e d
t h e v e r y s m a ll m a r g in
in d u s tr y w a s o b lig e d
o f p r o fit
to
at
ren der
its
n ot get
h o ld in g s o f
th e
o u tco m e fo r 189 2 possesses
r e a s o n o f t h e lo s s i n
w h ic h
th e
to an d
c a r r y in g
t r a n s p o r ta tio n
s e r v ic e .
O b v io u s ly s u c h a fa v o r a b le e x h ib it a s th e P e n n s y lv a n ia
is n o w
cept
a b le t o m a k e w o u ld n o t
fo r
bran ch
th e
and
la r g e
com p a n y ’s
tr ib u ta r y
d ir e c t
in c o m e fr o m
fiv e m illio n
su ch
have
on
in
p a c ity o f th e sy ste m .
to
p u r s u e d in
(th e
to
N or
tr a ffic
th e in
in la r g e
and
w o u ld th e fa v o r a b le
fo r
th e
e x h ib it
c o n s e r v a t iv e
th e m a tte r o f th e d is trib u tio n
and
e a r n in g c a
of
th e s to c k h o ld e r s
fa ir
bu t
n ot
e x c e s s iv e
to m a k e e x tra d iv id e n d s
o r p r e s e n t a c c u m u la t io n s , a n d
c o m p e l a d is trib u tio n
p r o fit s e a r n e d .
each
p a rt o f e a ch y e a r’ s in c o m e
th e p u rp ose a n d
, p a c ity a n d
w it h
back
of
w hy
p rop erty
a
th e
B u t w h ile
to s to c k h o ld e r s a n d
sam e
t im e
im p o rta n t
u n d er
s ig h t
th e
o f
w o r k — d iffic u lt ie s
cou rse
had
a
d iffe r e n t
d o m in a te d
th e
m a k in g
n ecessary
it
has
s h o u ld
is
at
th e
n o t b e lo s t o f
th e
m anagem ent
ra tes
p r o fit le ft t h e c a r r ie r o n
w h ic h
and
con d u ct
o f
now
le s s
th e
to
w o u ld
be
m a r g in
of
a n a ly s is is
p r o fit
g r o s s a n d n e t e a r n in g s .
gross has
in c r e a s e d
a c le a r e r id e a o f
fig u r e s .
ow ned
cou rse
F or
of
la r g e r
th is
W e have
p u rpose
sh ow
th e
sta ted
n e a r ly
th e
a g g reg a te
139
to ta ls
m illio n
In
of
b u t w e w ill n o t d ila te u p o n
th a t
d o lla r s
th a t
w e
th e
o f
la r g e
($ 4 0 ,6 2 2 ,4 3 7 ).
gross o f
how
T a k e fir s t t h e
a lr e a d y
w ill a n s w e r b e s t.
4 0 f m illio n s
th a n
to
get
a ctu a l
a ll lin e s
case
t r a n s p o r t a t io n
th a n th o se
th e
lin e s o f
r e a liz e d
tr a ffic b e i n g
ten d e re d
b etw een
in
th e ir h is to ry .
one o f
an
fin d t h a t
a g a in s t
th e to n n a g e
o n ly
as r e fle c t in g
o f
m illio n s .
o f t h e fig u r e s a b o v e
c e d in g
is t o s a y , t h e o u t
o n ly d o m in a n t a n d
q u o t e d w it h
is t h a t t h e y i n d i c a t e
g r o s s e a r n in g s a n d a lo s s o f
a
th o se o f
g a in
o f
on
th e
year p re
$ 4 ,7 1 9 ,9 0 8
in
$ 1 ,8 1 2 ,5 1 5 in n e t e a r n in g s
th a n
w ere
com
a c t iv e
at
and
th e
a n y o th e r p e r io d
m ad e th e
of
1 2 9 ,9 9 2 ,5 9 9
1 3 ,4 5 7
year 1892
r a ilw a y s y s t e m .
a ll th e lin e s o f
ton s
w hen
we
th e sy stem
an
fr e ig h t w as m o v e d
to n s
in
1891, and
reach ed
m illio n s
in
th a t
th e p r o d ig io u s
a g a in s t
th e m in d
to grasp
o n ly
1 2 ,2 8 6
a ctu a l
th e m , b u t th e im p o r ta n t
m illio n s a n d
in c r e a s e o f o v e r 1 ,1 7 1
great
in d u s t r ia l
a c tiv ity
m ile o v e r 9 1
o n e -th ir d
w h ic h
p er cen t.
th e g a in
in
P en n
and
th e
over 81 p er cen t,
B u t
th e
g a in
o n ly a b o u t 3 1 p e r c e n t,
o th e r w o rd s , th e in c re a s e in
b etw een tw o a n d
th e
m ovem en t
d is t in g u is h e d
t o n s m o v e d is
g ro s s e a r n in g s h a s b e e n
m o re th a n
th ere w as a n
in th e to n s o n e m ile a n
t h e la r g e g r a in
T h e in c re a s e in
one
to n s m o v e d
m illio n s , s h o w in g th a t
s y lv a n ia s h a r e d f u ll y in
th e v o lu m e
in
o r lit t le
of
tr a ffic .
t r a n s p o r t a t io n w o r k w a s
th r e e t im e s t h e in c r e a s e
in
gross
re
c e ip ts , a n d t h is s h o w s a t o n c e w h y t h e a u g m e n t a t io n i n
exp en ses h as b een so h ea v y .
A s r e g a r d s th e ra te s r e c e iv e d
r e p o r t d o e s n o t g iv e th e
v a n ia s y s te m , b u t o n ly
T h e
6 ’5 9
m ills
m ill,
or
in
ju s t
w ars.
th ese
w h o le ,
o v e r h a lf
of
t h e w h o le
th ose fo r th e
com p an y
6 '2 6 m i l l s p e r t o n
th e p r e s e n t p r e lim in a r y
fig u r e s f o r
th e
c o n s id e r a b ly
m ay
1891, a decrease
abou t
5
per
th e
t r a ffic
an
o f
33
cen t.
th e
years
to
o f
be
in
in
o f th e e n tire
of
ton
of
h u n d red th s
T h is
is
o f th e
th e
n o te th a t
fre ig h t
o n ly
1 8 9 2 , a g a in s t
th e
tr u n k -lin e
com p a n y w as
tra n s
per
m ile , a n d
th a t
a v e r a g e is l i k e w i s e t h e l o w e s t e v e r
m a d e — in
th e
to o , w e s u p p o s e , o f a n in c re a s e
in g co st.
I t is t h is a v e r a g e
t h a t fu r n is h e s
th e tru e, th e
a
com pan y—
w orst
th e
o f
lo w e s t
a b le a ls o t o r e d u c e s o m e w h a t t h e a v e r a g e c o s t o f
each
ta k en
q u e s tio n
average
in th e e n tir e h is to r y
th a n in
fa ir ly
a s t h e lin e s
r e a liz e d
P e n n s y l
s o -c a lle d lin e s e a st
fr e ig h t p e r m ile
I t is s a t is f a c t o r y
p o r tin g
a c o m p a r is o n
th ey
s a m e t im e
e m p h a s iz e d
in c re a s e o f o v e r 1 1 ^
sy stem .
n ot cou n t
says, p r e
th e t r a ffic s t a tis tic s o f t h e
in
fu r n is h
th e r e fo r e in
of
f a c t t o n o t e is t h a t
th e
th e
lo w e r
T h e s e f ig u r e s a r e s o v a s t t h a t i t is a l m o s t i m
p o s s ib le f o r
T h e net
c o n d it io n s .
T h e fa c t th a t c o n fro n ts u s
s t r o n g ly
m o v e m e n t o n e m ile
a g g reg a te
lo w e r e v e n
c o n tr o llin g
is
e x a m in a tio n
W e
am ong
la r g e r a m o u n t o f
m ore
th a n
th e
d u r in g 1 8 9 2
m a t e r ia lly
th e
o u t , w o u ld h a v e
c o n c lu s io n
to
a v e r a g e r e a liz e d
com e m u st be regarded
ra tes
says
th a t
c o s t h a s fo llo w e d
a
g r e a t p r o s p e r ity t o t h e e n tir e
T h is
pass
o f
lin e s w a s
m o v in g
W it h p r o p e r c o m p e n s a t io n , t h e tr a ffic
m o v e d , h e p o in ts
($ 1 3 8 ,9 7 4 ,5 2 0 )
g iv e n
of
T h e year, h e
at
r a tio
cen t.
sta tes
t h e r a ilw a y s
of
n e c e s s it y d o
t h e fin a l o u t c o m e — t h a t
th e
tr a ffic c a r r ie d a t lo w e r
in flu e n c e s a n d c ir c u m s t a n c e s o f
in
to
E r ie , b u t
are
H e
c o n d it io n
as r e p r e s e n t a t iv e
r e s u lts
cost
cou n try ,
1891.
th e
P e n n s y lv a n ia
c o m p e titio n
th e
in
s e n te d th e a n o m a lo u s
in c r e a s e d s ig n ific a n c e , s in c e t h e y a re so la r g e th a t m in o r
fo r m u ch
ou t.
severe
o f P itts b u r g a n d
th a t fe a tu r e fu r th e r th a n to
th e
to
of
a lo n e
th e
th e
o p e r a tin g
m a g n itu d e
m a n y p r o m in e n t s y s te m s,
sa y th a t b y th e ir v e r y m a g n itu d e
in
o f
to th e
m illio n
per
n e a r ly 71
t h e fa c t th a t th e ra te s r e c e iv e d
o w in g
in to n s
a la r g e r
p r o p o r tio n
s o le ly f r o m
p o lic y
w h ile n e t h a s d e c lin e d , b u t
w e a r e d e a lin g w it h
and n et of
n ecessary
d im in is h in g .
th e s itu a t io n b y lo o k in g a t
o r c o n t r o lle d
— gross
is
is
a n y in c re a s e
ac
o p e r a tin g e x
e x p e n se s a n d in
w ere,
1 8 9 2 , a s-
W h a t th en
in c r e a s e in
In
O n ly a v e r y b r ie f
been
in
fa ct ov er I f
to
th e
fo r ex tra
a d d it io n , a n d r a is in g
e a r n in g s
P r e s id e n t R o b e r ts
year.
h e r e to fo r e ,
earn retu rn s o n
gross
n o t, a n d th e fa c ts b e a r h im
v a s tly
c o n s e r v a t iv e
p rop erty
th e
■c a p i t a l i z a t i o n .
th e
H a s th ere
to
a g g r e g a t e o f 1 4 1 ,3 7 1 ,8 4 6
e a r n in g s
c o n t in u e d d e c lin e in
a n d th e n a r r o w m a r g in
of
net
p u b lic a lik e , it
th e in c r e a s in g d iffic u lt ie s t h a t a t t e n d
p rop erty
o f expenses
in
in
s e p a r a te ly a ft e r
o r d in a r y
in c re a s e a lto g e t h e r o u t o f
d o lla r s in e x c e s s o f s u c h
t r a ffic ?
ou t
com p u ted .
to g r o s s r e c e ip t s , b e in g
road.
th e r e s u lt m u s t b e g r a t i
th e
th a t
in
been
w ith
above
h a v in g
ta k en
h e a v y in c re a s e in
ca-
P e n n s y lv a n ia
lo s s
ite m
been
fo r
its
th e y e a r in s u c h a s a tis fa c to r y
fy in g
g rea ter
pu t
im p r o v in g
th e
th e
pen ses— an
a d d it io n
1892
n o t w it h s t a n d in g
it s u ffe r e d .
cou n ts fo r
m e n t io n e d
th a t
th e y ea rs p r e c e d in g ,
th e n e t e a r n in g s h a d
am ount
to
e ffic ie n c y .
I t is t h u s p e r f e c t l y p l a i n
th e
th ey
e ffo r ts
fu ll
been
th e
in
expenses
I t is p r o p e r to-
n o w ay con n ected
o f $ 1 ,2 6 3 ,1 3 6
o r d in a r y r e n e w a ls , & c .,
in
d o lla r s .
p e titio n
re p re se n t past
th e
in to
d e s ig n
th e
b e e n a b le t o p a s s t h r o u g h
m an n er,
year o f
s t a t e t h a t t h is in c r e a s e is in
e x p e n d it u r e
in c r e a s e
y e a r ly
th e
h a v e r e s is te d th e
T h e ir p o lic y h a s
an
m illio n
a b le p r o p e r ly t o h a n d le , w h ile
retu rn s;
to
o th e r w ord s, th e y sh ow
p o lic y
I t h a s b e e n th e p la n o f t h e m a n a g e m e n t to g iv e
h a v e r e fu s e d
o f
a
c lo s e
excess o f
d eb t) a n d
th e
h a v e b e e n p o s s ib le , e x c e p t
w h ic h
in
in v e s te d
1892 w as
d o lla r s in
im p o r ta n t c o n t r ib u tio n s
to
on ce
in
d o lla r s , o r m o r e t h a n f o u r p e r c e n t o n t h e ir
terest o n th e co m p a n y ’s fu n d e d
o f th e
at
m on ey
in v e s tm e n ts
p o s s ib le e x
in v e s tm e n ts
r e s u ltin g
th e
c o s t, a n d a lm o s t a m illio n
p r o fit s .
been
p r o fit a b le
roads,
retu rn
[Vou L\ I,
s a id
fa c e ,
in s o m e ite m s o f o p e r a t
expen se per
u n it
c r u c ia l
of
te st
o f
w ork
good
m an-
M arch
a g em en t.
lo w
O f
th a t
s m a ll,
THE CHRONICLE.
1 1 , 1 8 9 3 .]
cou rse
th e
o n ly
2
th e
in
average
s h o u ld
th in g
d e c lin e
have
been
th e
1892
w as o n ly
m ills in
15
net
1 '7 1
per
w hen
a
m ill
r e d u c tio n
at
average
th e
H ow
th a n
o f 31
very
a ll
le s s
R o b e rts p o in ts o u t,
lo w
th e
th a n
tw o
o n ly
th e
p e r ie n c e
of
e x p e r ie n c e
cau se o f
and
of
d im in is h e d
great
its la r g e
w e have
net
it
o f
been
a v a il.
roads.
m ay be
as
be
th a t
th e
or
w it h
th ree
th e
th e
of
r e s u lts f o r t h e
th e se
lin e s
P e n n s y lv a n ia , b u t
to b r in g
m a d e t h e fig u r e s a ll u p
D ecem b er
p e r io d .
31,
to
th e
fo r
th e
corresp on d
sam e
fo llo w in g
tw e lv e
w it h
Y o rk
C e n tr a l, L a k e
and
O h io ,
“
w it h
&
fis c a l
B ig
S h ore,
th e
B a lt im o r e
th e
&
M is s is s ip p i, a n d
a ls o s h o w s
th e
p er cen t.
In
M ic h ig a n
F o u r ” ),
in c re a s e
th is f o r m
th e
o f
E r ie ,
O h io
e n d in g
P e n n s y lv a n ia ’ s
gross a n d
C e n tr a l,
th e
each
road
it w ill b e
b oth
T h e
in
net
(N e w
N ic k e l
B a lt im o r e
S ou th w estern
W abash .
tw o
y e a r as
1 8 9 2 a n d 1 8 9 1 o f t h e V a n d e r b ilt lin e s
P la te
&
and
sta tem en t
am ou n t
and
in te r e s tin g a n d
in s tr u c tiv e .
1892.
a n d e r b il t
L in e s -
$
N e w Y o r k C e n tr a l. 4 5 ,5 9 0 ,8 8 8
L a k e S h o r e ................ 2 2 .4 1 5 ,3 8 2
M ic h ig a n C e n t r a l.. 1 5 , 8 0 0 ,0 0 0
N ic k e l P l a t e ..............
6 ,4 6 7 ,1 6 5
C le v .C in .C h .& S t .L . 1 6 .2 7 6 ,3 0 9
T o t a l ........................ 1 0 6 ,5 4 9 ,7 4 4
E
S y s t e m ................
1891.
4 4 , 2 6 4 ,0 6 1
2 1 ,4 3 1 ,3 8 6
1 5 ,1 6 2 ,9 6 0
6 ,1 7 1 ,0 8 8
1 5 ,7 1 4 ,0 5 9
1 0 2 ,7 4 3 ,5 5 4
G
rand
T
otal
io
..
. . . 1 8 4 ,4 9 8 ,6 4 3
P .O 300
4 -5 9
4*20
4 -8 0
3*51
+ 3 ,6 0 6 ,1 9 0
in
sh ow
T o t a l ......................... 2 9 , 8 9 6 ,4 4 4
E r i e S y s t e m ..............
B a l t im o r e & O h io ..
B a lt . & O h io S. W ..
O h io & M is s is s ip p i.
9 ,8 1 6 ,4 9 5
7 ,2 1 7 ,7 4 0
9 6 6 ,2 2 9
1 ,0 4 3 ,3 1 4
+
+
+
+
per cen t
d ecrease
4 '0 8
T h u s
4 ,2 1 7 ,2 8 8
+ -L,1 8 4 ,8 0 7
+ _ 2 0 6 ,9 2 1
3*74
1*48
1 7 9 ,0 4 3 ,4 3 3
+ 5 ,4 5 5 ,2 1 0
3*05
in
n et,
sh ow
T o t a l ........................
9 ,2 2 7 ,2 8 3
W abash S y s t e m ........
3,373,798
9 ,6 2 0 ,2 2 8
3 ,6 4 6 ,7 4 2
G rand T o t a l ...
52,314,020
54,887,305
one
in
en d s
th e
r a t io s
o r tw o
o f
V a n d e r b i lt lin e s
th e
w h ile t h e
p e r c e n t d e cre a se in n e t.
t h e r o a d s in
th e fo r e g o in g
is f u r n i s h e d
B a lt im o r e
&
O h io
gross and.
T h e c lo s e s t a p p r o a c h
th e
fin a l a g g r e g a t e
is
com p ared
w it h
A
in g s o f t h e P e n n s y lv a n ia .
w h en
in g r o s s a n d 5 ’4 8
3 -7 4 p e r c e n t i n c r e a s e i n
c o m p a r is o n
of
to
o f
th e e a rn
th a t
k in d
in th e fo llo w in g .
/------------------------- Gross Earnings.-------------------------- 1892.
1891.
$
P e n n s y l v a n i a ............ 1 3 8 ,9 7 4 ,5 2 0
O t h e r T r u n k L i n e s 1 8 4 ,4 9 8 ,6 4 3
/---------I n c r e a s e .---------*
$
1 3 4 ,2 5 4 ,6 1 2
1 7 9 ,0 4 3 ,4 3 3
T o t a l ....................... 3 2 3 ,4 7 3 ,1 6 3
$
+ 4 ,7 1 9 ,9 0 8
+ 5 ,4 5 5 ,2 1 0
JP.O.
3*52
3*05>
3 1 3 ,2 9 8 ,0 4 5 + 1 0 , 1 7 5 , 1 1 8
3*21
---------------------------- Net Earnings.----------------------------.
1892.
1891.
,-------- Decrease.---------^
$
P e n n s y l v a n i a ............ 4 0 , 6 2 2 ,4 3 7
O t h e r T r u n k l i n e s 5 2 ,3 1 4 ,0 2 0
$
4 2 , 4 3 4 ,9 5 2
5 4 ,8 8 7 ,3 0 5
T o t a l ....................... 9 2 ,9 3 6 ,4 5 7
H ere
th e
r e s u lts
are
s y lv a n ia , so fa r fr o m
$
— 1 ,8 1 2 ,5 1 5
— 2 , 5 7 3 ,2 8 5
P. O .
4*28
4*68
— 4 ,3 8 5 ,'8 0 0
th e o th e r tru n k
w hat
b etter,
In
gross th e
th e
oth er
h as 4 -2 8
s t r ik in g ly
lin e s t r e a t e d
th ou g h
ch a n g e s in th e
9 7 ,3 2 2 ,2 5 7
4*51
s im ila r .
T h e P en n
h a v iD g d o n e w o r s e r e la t iv e ly t h a n
th e
to g eth er, h as
a p p r o x im a t io n
tw o sets o f
fig u r e s
done
som e
b etw een
is m a r v e lo u s ly
th e
c lo s e .
P e n n s y l v a n i a s h o w s 3 -5 2 p e r c e n t i n c r e a s e ,
lin e s 3 ‘ 0 5 p e r c e n t ;
in
n e t th e P e n n s y lv a n ia
p e r c e n t d e c r e a s e , th e o t h e r lin e s 4 -6 8 p e r c e n t
— th a t is , t h e
P e n n s y lv a n ia
in
a
gross
and
lit t le
h a s a lit t le
s m a lle r
la r g e r
decrease
in
th e d iffe r e n c e in n e it h e r ca se a m o u n ts
fr a c tio n .
T h e
s im ila r it y o f
s im ila r it y o f
th e
e a r n in g s o f
reach es
r e s u lts
abou t
in c re a s e
n et,
to
th o u g h
m ore
th a n
is e v id e n c e
323 i
o f
m illio n
n e t a b o u t 93 m illio n
to
th e
of th e
w ill b e s e e n ,
d o lla r s a n d th e
d o lla r s , w h ic h
If
th o se
th e g ro ss, it
a
o f th e
c o n d itio n s u n d e r ly in g th e m .
t h e P e n n s y lv a n ia a r e a d d e d
30
per
— 1 ,7 3 2 ,5 6 3
—
—
+
—
1 7 4 ,8 3 3
2 5 0 ,7 2 2
3 1 ,2 9 7
1 7 3 ,5 2 0
5 -4 8
1 -7 5
3 -3 6
3*35
1426
3 9 2 ,9 4 5
2 7 2 .9 4 4
4*08
7*48
—2,573,285
4*68
—
—
cen t
S ta tes.
cen t
of
th e
a m ou n ts
O n t h a t b a s is th e
(th a t
of
th e
tota l o f t h e
can n ot
decrease
4 -2 8 d e c r e a s e o n
T h e
th e
year
in
net
be
fa r
fro m
$ 9 ,9 6 9 ,4 8 0
and
and
P itts b u r g
th e
E r ie
a n d E r ie ;
on
a lit t le
and
o u tla y s w e re
T h e
per
new
to
been
p er
3•52 p e r
c e n t, a g a in s t
c a p ita l
on
th e
th e
east o f
lin e s
w h ose
r e m a in d e r
of
P itts
w est
m illio n
com pan y
on
a ccou n t
n e a r ly 1 7 m illio n
t h e lin e s
a u x ilia r y lin e s
m ade.
g r o s s is 3 '2 1
o v e r th ree
to ta l w a s r e im b u r s e d t o
bran ch
on
$ 7 ,0 0 1 ,9 4 0
U n ite d
b y its e lf.
a m ou n ted
bu rg
in
w h o le
h a v in g
4*51
o u tla y s
1892
th e
in c r e a s e
th e P e n n s y lv a n ia
P e n n s y lv a n ia ’s
d u r in g
fo r
P e n n s y lv a n ia
d o lla r s , n a m e ly
N e t E a r n in g s .
,------I n c . or D e e ------*
1891.
P .C .
$
$
1 4 ,9 6 1 ,6 9 1
— 1 ,2 2 1 ,0 4 4
8 -1 6
2*43
6 ,7 9 8 ,7 1 1
— 1 6 8 ,7 1 1
— 1 3 4 ,3 9 1
3*31
4 ,0 5 5 ,3 9 1
8*21
1 ,2 0 9 .8 8 0
+
9 9 ,2 6 1
4 ,6 0 3 ,3 3 4
6 -6 3
— 3 0 7 ,6 7 8
9 ,9 9 1 ,3 2 8
7 ,4 6 8 ,4 6 2
9 3 4 ,9 3 2
1 ,2 1 6 ,8 3 4
th e
e q u a lit y h o w e v e r is r e a c h e d w h e n
c e n t), a n d th e
3 1 , 6 6 3 ,0 6 4
1 3 , 9 5 1 ,1 8 2
3 1 , 6 2 9 ,0 0 7
n e t, if
3 -7 0 p e r c e n t in c r e a s e
lin e s c o m b in e d
o f th e
1892.
V a n d e r b i l t L ines —
$
N e w Y o r k C e n tr a l. 1 3 , 7 4 0 ,6 4 7
L a k e S h o r e ................
6 ,6 3 0 ,0 0 0
M ic h i g a n C e n t r a l ..
3 ,9 2 1 ,0 0 ^
N ic k e l P la te ...........
1 ,3 0 9 ,1 4 1
C le v .C in .C h .& S t.L .
4 ,2 9 5 ,6 5 6
m eans
even
3 -7 0
+
0 84
4*35
5*75
1*07
T o t a l ......................... 3 2 ,8 4 7 ,8 7 1
W a b a s h S y s t e m ......... 1 4 ,1 5 8 ,1 0 3
& Oh
$
1 ,3 2 6 ,8 2 7
9 8 3 ,9 9 6
6 3 7 ,0 4 0
2 9 6 ,0 7 7
5 6 2 ,2 5 0
2 5 7 ,2 9 2
+
+ 1 ,0 8 6 ,0 7 7
1 4 3 ,8 0 2
+
4 5 ,0 7 2
—
3 0 ,6 8 5 ,6 3 3
2 4 , 9 4 5 ,1 8 2
2 ,5 0 0 ,5 9 4
ore
/------I n c . o r D e c .------*
8
3 0 , 9 4 2 ,9 2 5
2 6 , 0 3 1 ,2 5 9
B a lt . & O h io S. W ..
2 ,6 4 4 ,3 9 6
O h io & M is s is s ip p i.
4 ,1 7 2 ,2 1 6
r ie
B a l t im
and
o t h e r lin e s , t h e fin a l t o t a l
>
------------------------- Gross Earnings.-------------------------- >
V
gross
o f th e la r g e r s y s te m s.
com p are
O n ly
m on th s
th e
in
c o m b in e d
th e
ta b le w e h a v e
T h e ta b le g iv e s th e c o m p a r a t iv e
e a r n in g s in
O h io
P e n n s y lv a n ia .
th e
s im ila r ity b y n o
v a r ia t io n
com m on ,
n e t w it h i n
its n e ig h b o r s ,
b e d e s ir a b le
have
in
th e
h ow
d im in is h e d
s m a lle r r o a d s a r e d is r e g a r d e d o r e ls e a r e t r e a t e d a s p a r t s
th e
B u t
w it lx
th e y a ll r e c o r d
in d ic a tin g
o f
is v e r y l i t t l e
ex
lik e
su pposed
ra th e r w orse th a n
t h o u g h t th a t it w o u ld
th e
ju s t
B u t
T h ere
ch an ge
e x c e p tio n s
c o m b in a t io n
L aw
r e la
ra tes—
r e s u lts o f th e v a r io u s t r u n k lin e s t o g e t h e r a n d
th em
su g
proper
e a r n in g s ,
has
m a n y o th er
fig u r e s
P e n n s y lv a n ia h a s fa r e d
P r e s id e n t
of
tw o m in o r
e a r n in g s , th u s
has b een th e
th a t in s h o w in g in c r e a s e d
P e n n s y lv a n ia
a
to n -m ile .
C om m erce
u n fo r tu n a te ly p r o v e d o f n o
th e
net
C on gress a n d
e n te r in to
ou r readers k n ow
e a r n in g s
of
th a t p r o m p te d
o n e a n o th e r fo r th e m a in te n a n c e
w h ic h
a m ill,
o n ce b e fo r e th a t
co u n tr y , as
to a p p e a r b e fo r e
s o as t o p e r m it t h e r a ilw a y s t o
O f cou rse
in
a g a i n s t 2 '0 2
per
w it h
net
th ere.
average
average
f u ll m ills
w h ile
creased gross.
w ork
h u n d red th s o f
g e st a n a m e n d m e n t o f th e I n te r -S ta te
gross
in
m ile
in g s ,
lo s s e s in
every
th e
and
o n e m in o r e x c e p t io n t h e y a ll r e c o r d g a in s in g r o s s e a r n
of
is ,
th a n
I t w as th is u n s a tis fa c to r y sta te o f th in g s
an e ffo r t
th ere
B ecau se
ra te
m ill
1 -f m i l l s p e r t o n - m i l e is , w i l l a p p e a r
t h e c h i e f r a ilw a y o ffic ia ls o f
t io n s w it h
m ile ,
a
th a t
tr a n s p o r t a t io n
w e sa y th a t it h a s h a p p e n e d
th e a v era g e w as
of
T h e f o r e g o in g c o m p r is e s te n s e p a r a te r o a d s ,
so
very
p e r-to n
r e m a r k a b le .
fro m
w as
w as
h u n d red th s
m ills p e r t o n p e r
cen t!
1892
bu t
1 8 9 1 , a fa llin g o ff
p r o f it s a t le s s
o f
33
any
q u ite
p r o fit
p r e v io u s ly
in
r e c e iv e d ,
g r e a te r d e c lin e in
cost,
or
of
ra te
c o n s id e r e d ,
m u ch
average
r e d u c t io n
h u n d red th s
a g a in s t
th e
th e
fu rth e r
395
in
cash b y
accou n t
th e
o f
d o lla r s
th e
fu n d s
fo r
th e s e e x p e n d it u r e s w a s p r o v i d e d b y t h e s a le o f s e c u r it i e s
h e ld in
th e
th e tre a su ry o f
P e n n s y lv a n ia
th e
th e s to ck o r th e b o n d e d
road w as
m ade
n o te th a t
t e m p la te d
bu rg, and
t h e lin e
d u r in g
P r e s id e n t
sy stem
debt of
th e
year
no
th e
year.
R ob erts
th e p resen t
th e fo u r -tr a c k
P e n n s y lv a n ia
C om pany, and
sta tes
“
w ill
R a ilr o a d
in c re a s e
It
is
th a t
in te re s tin g
th e w o rk
p r a c t ic a lly
b etw een J ersey
H a r ris b u r g
in
P e n n s y lv a n ia R a il
a n d P it t s b u r g .”
to
con
c o m p le te
C ity a n d
w ill a ls o e x t e n d i t o v e r a m a t e r ia l
b etw een
a n d
e ith e r
H a r r is
p o r tio n
o f
THE CHKOJSICLE.
399
scope
o f
|Vol . LVT.
th e ir
in v e s tm e n ts ,
ta k en
as
a
w h o le ,
en or
m o u s ly d im in is h e d .
T H E
L A
W
L IM IT IN G
S A
V IN G S
B A N K
IN
A s th e
V E S T M E N T S
I N
N E W
T h e s a v in g s b a n k s o f N e w
fo r t h e s ix th
Y O R K
Y ork
S T A T E .
S ta te
are
t im e s t r iv in g to o b t a in fr o m
tu re an
a ct e x te n d in g
m en ts.
T h e y c la im
th e
le g a l s co p e
th a t th e a ct o f
th is
th e
o f
b a n k e r s th e m s e lv e s
reason , tw o
year
L e g is la
t h e ir in v e s t
1 8 7 5 w h ic h ,
w it h
sta te o f
s e r io u s
a ffa ir s .
ra te o f
r e s u lts
T h e
in te r e s t o n
m o s t o b v io u s o f
fo rce
o f
T h e b o n d s a v a ila b le fo r
th a t
it
is
on
b e p a id
fa s t
r e d u c in g
d e p o s its
c u r t a ile d , th u s
s a v in g s b a n k
to
th e
a
ra te
p o in t
th r e a te n in g
sy stem ;
o f
in te re s t
w h ere
th e
th a t
can
s a v in g s w ill
very
e x is te n c e
a n d fin a lly — a t h in g
be
of
to
th a t
th e
th e
w orse.
lin e o f in v e s tm e n ts u p o n w h ic h
in
tim e o f p a n ic
th e
s h o rt s ig h te d
th e
if
so,
is
th e
am end
t io n
M u llin
th e
by
act
w h ic h
fre e
fo u n d e d ,
it
is
fro m
and
p roposed
s e r io u s
to
o b je c
?
T h ree
years
ago w e
la titu d e in
m ore
O n
at
som e
le n g th
th en
as
h o ld
th e
good
p o s it io n
t r y in g .
in
th ese
t h e s a v in g s b a n k s o f g r e a te r
m a k in g t h e ir in v e s tm e n ts .
advan ced
cogen t
d w e lt
th e n e e d to
T h e a rg u m en ts
to -d a y , b e in g o n ly th e m o r e
of
th e
S u m m a r iz e d
banks
b r ie fly
has
th e
becom e
case
th e
is
th is :
th e o n e h a n d a re s a v in g s b a n k d e p o s its a g g r e g a t in g
th e n e ig h b o r h o o d
s id e r a b le
p o r tio n
ic -in v e s t e d , o w in g
o b lig a t io n s
su m
so
in
to
of
of
610
to
su m
it
has
b e r e -in v e s te d
each
y ea r b e fo u n d .
N ew
real
of
esta te
in
c o u n tie s ,
s c h o o l d is tr ic ts o f
th e
presen t
tow n s,
n o
c it ie s ,
h o ld , w e re
on
in
1875;
E x ch a n ge
are
con cern ed,
b o n d s h a v e w e ll n ig h
N or
has
s e c u r itie s
th ere
of
G overn m en t
a s w ill
and
an
S ta tes
th ey
th em
are
s e l
o u ts ta n d in g
bonds
in c re a s e
in
S ta te to o ffs e t
S ta te
b e seen fro m
U n it e d
fr e q u e n t ly s o ld
in v e s t
and
S ta te
p a s s e d o u t o f e x is te n c e .
Y o rk
bon d s.
th e
th e
O n
c o n tr a c tio n
th e
con tra ry ,
in
m u n ic ip a l
fro m
s e c u r it ie s
a m ou n t.
T ea r.
1 8 9 0 ----- 2 ,3 0 8 ,9 3 0
1 8 8 0 ----- 7 ,6 5 9 ,2 2 2
In
th e
te n
seen fro m
C o u n ty .
d eb t.
*
M u n i c ip a l
d ebt.
$
1 0 ,9 3 6 ,6 3 3
1 2 ,3 9 9 ,3 0 8
1 8 7 ,3 1 8 ,1 6 3
1 9 8 ,2 0 6 ,8 4 1
years
th e
S c h o o l d is t r ie t d e b t .
$
ta b le ,
th e
Toted
o f a ll.
$
1 ,1 7 0 ,1 8 6 201 763 217
5 8 0 ,1 3 3 218,’ 8 18 ,80 4
e n d in g J u n e 3 0 ,
above
a
s a v in g s
a ssets
w ith in
banks
real
a
to
ba n k ’s
s a id i n
in g
p ilin g
up
r a p id ly ,
th e
th e ir
T h e
c o n c e r n in g
and
is a p o s i
and
have
to
be
so
sh are o f
in v e s te d
la w
of
la w
as
th e ir
a ssets
C a re fu l
by
th u s
60 to
h e ld
w o u ld
ban kers
th e
h e r e to fo r e ,
bonds
w id e
and
and
65
be
th e
so
th a t
in v e s te d
la w
in
th e
c o u ld
w h ic h ,
several
rea d y m a rk et.
real
accou n t
a ssets
s e c u r it ie s
o f
la w
m u ch
b a n k ’s
bon ds
th e
p e r cen t.
o f
in
su p p ort
years ago
m ay be
under
n ot
t h e r e m a in d e r o f
as
o p p o s in g
in to
it m a y b e
o n ly a fe w
a ssets w h ic h
be
per cen t of
w h o are n o w
B ill
its
to
is l o a d i n g t h e
a llo w s 6 5
in v e s te d .
M u llin
th e
f o r a ll e m e r g e n
a fa ir
is , s o
m ore
T h e
th e b a n k s ’ in
h a s t o d o w it h
th e presen t
m o rtg a g e fro m
G overn m en t
F rom
be
lik e
S ta tes,
w hat
we
h a v e s a id a b o v e , h o w e v e r , it is c le a r t h a t t h e p r o p o r t io n
of
th e se
bon d s,
o f
1 8 9 2 , h e ld
about
com e
and
le s s
w h ic h
155^
th e
expand.
ban ks, on
m illio n s ,
le s s , w h ile o n
in g s o f m u n ic ip a l b o n d s o f
m u st
T h ou gh
th e o th er h a n d
th is
S ta te
w ill
A t t h e m o m e n t it is e s t im a t e d
it
can
th e se
m u n ic ip a l
s c a r c e ly
be
bon d s
su pposed
are
th a t
g e n e r a l fin a n c ia l d is t u r b a n c e , i f
s te a d ily
m u n ic ip a l
a
a
p e r io d
th e ir m u n ic ip a l
bonds
so
of
reserve,
O ne can
la r g e lo s s
T h is th o u g h t s u g g e s ts ,
u n fo r t u n a t e e ffe c ts t o t h e p e o p le
d eb t.
b a n k s w e re d r iv e n
la r g e ly t o s tr e n g th e n th e ir c a s h
c e iv e o f c ir c u m s t a n c e s u n d e r w h ic h
in c u r re d .
th e h o ld
as
u n d o u b te d ly g o o d
d u r in g
th e
1,
b e
th e b a n k s h o ld
t h a t t h e y w o u ld s e ll f o r w h a t t h e y c o s t .
be
Jan u ary
h e n c e fo r th
a b o u t 7 0 p e r c e n t o f th e S ta te ’ s e n tir e
th e
o f th e
too, on e
con
m ig h t
o f
th e
S ta te o f h a v in g
e x t e n s iv e ly o w n e d
1 8 9 0 , it w ill
th u s
s c h o o l d is tr ic t debt
p r e s e n t h o ld e r s a re o b lig e d
T o p r e s e r v e th e s a v in g s b a n k
th ose w h o d e p e n d u p o n
at
hom e ;
w h o le o r a p a r t o f
in d e b te d n e s s
th e fu n d s o n th e ir
s a v in g s
banks
have
o ff
hands
seen
th e
d e p o s its
t o s e ll.
sy stem , to d o ju s tic e
in
th e
banks
th e ir y e a r ly in c o m e ,
and
th e b a n k s b e in g a lw a y s in
a p o s it io n
g a tio n s , it s e e m s t o fo llo w
th a t w e s h o u ld
b r o a d e r fie ld o f
in v e s t m e n t.
U n q u e s tio n a b ly .
fa llin g
w it h
m ore
am ou n t
com m an d a
fe ll
m u n ic ip a l
C o n s e q u e n tly ,
lim its
to
c o n s e r v a t is m
la r g e ly ,
th e
la r g e ly .
and
p r o v id e d
and
of
N ow
m o rtg a g e s
d o lla r s :
c la s s e s
needs
p ercen ta g e o f
th e
p oorer
lo s s .
th is p e r c e n t a g e t o b e t o o g r e a t, a n d
th e ir
e sta te
kept
sy stem
p a s s in g th a t t h e v e r y m e n
B u t
th e
o f
to c o n fin in g
rea ch , th a t
m o rtg a g e s.
th e
m a tter
fro m
pu rsu ed
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to
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an
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easy
pu t
esta te
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oth er
a
b e n e fa cto rs .
a ffo r d
m in im u m
th a t h as
e a s ily -c o n v e r tib le .
TIES, MUNICIPALITIES AND SCHOOL DISTRICTS IN 1 8 9 0 AND 1 880.
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be
m a in
to s e llin g t h e m
m u n ic ip a l
t h e f o ll o w i n g fig u r e s , t a k e n
C en su s, th ese
h a v e a ls o d e c lin e d
G ov
S o fa r a 3 n ew
G overn m en t
been
N ew
and
Y ork .
to -d a y
th e a m ou n t o f
is s m a ll a n d s t e a d i ly d e c r e a s i n g .
m en ts
v illa g e s
S ta te b o n d s, su ch
to
p u r c h a s a b le , a n d
and
(2 ) th e
1 8 7 5 , w h e n th e
as t h e b a n k s a re a llo w e d
c ie s
r a is e d
lo n g e r to b e p u rch a se d ,
a n y c o n s id e r a b le e x te n t.
th e S t o c k
bond
d e c lin e .
s e ll
to th e d e p o s ito r s .
oth er
p roved
hand,
S ta te;
th is sa m e S ta te o f N e w
o r ig in a l a c t w a s p a s s e d , a re
th e
T h e
have
o th er
(1 )
Y o rk
e rn m e n t b o n d s , in a b u n d a n t s u p p ly in
in
a
th e
p u b lic
and
s e c u r in g
en dan gers
v e s tm e n ts w it h in
th e
m illio n s , w e
O n
at
dom
banks
th e
to
in v e s tm e n ts o b t a in a b le b y s a v in g s b a n k s
on
to
I f
be
f o r w h ic h s u ita b le in v e s t
m o rtg a g e s
a t le a s t
year
m a t u r it y o f
h e ld .
20
m a y p r a c t ic a lly b e s a id t o b e
o b lig a t io n s
d o lla r s , a c o n
w e a d d t h e y e a r ly in c r e a s e in
a s th e r e s u lt a n im m e n s e s u m
th e o n ly le g a l
at
been
a g g reg a tes 15 o r
m en ts m u st ea ch
of
m u st
th e p a y m e n t
w h ic h
d e p o s its , w h ic h
m illio n s
w h ic h
a lr e a d y
as
of
s a fe ty o f th e d e p o s its .
c o lu m n s u p o n
in
B ill
presen t
w e ll
th e
abn or
yea r m a k es th e
ran k
th r iftin e s 3 ,
p o lic y
t iv e in ju s t ic e
c la im s
to a n
d e p o s its w ill
s u c c e e d in g
s a v in g s w it h
s a tis fa c to r ily .
th ese
th a t
in v e s tm e n t
banks
m eans
t h e y w o u ld fin d it d iff ic u lt , i f n o t im p o s s ib le , t o r e a liz e
A re
p itta n c e
E a ch
S a v in g s
s m a ll
n arrow
a
T h ey en cou rage
t o p u t th e ir fu n d s m o r e a n d
one
m ean
th e ir m o n e y .
c la s s e s
in to
t h e s e is t h a t
fo rc e d
b a s is t h a t p r e v e n t s t h e b a n k s o b t a i n i n g a f a ir r e t u r n f o r
t h o u g h t f u l b a n k e r s e e m s e v e n w o r s e — i t is f o r c i n g t h e m
m o r e c o m p le t e ly
good
e x is tin g
y e a rs th e ra te o f in te re s t s h o u ld
reach
reason ;
w ith
th e
U n le s s r e l i e f is g r a n t e d i t w o u l d s e e m
in e v ita b le th a t in a fe w
s lig h t m o d ific a t io n s , is s t ill th e la w , h a s b e c o m e t h r o u g h
c ir c u m s t a n c e s b u r d e n s o m e b e y o n d a ll
and
fro m
d e p o s it s is b e i n g
m a lly lo w fig u r e .
so
m a in t a in ,
fo llo w
T h e
P h ila d e lp h ia , a n d
under
th e
M u llin
of
th rou g h
to
th e
in s u r e
to m e e t th e ir o b li
G a n th is
bonds
so
to
fo r
gra n t th em
be
c itie s
th e
a m en d m en t,
done
lik e
lis t
are
a
s a fe ly ?
B oston ,
of
bon ds
s a fe ,
and
m o r e o v e r t h e y h a v e w h a t w e h a v e ju s t s a id a la r g e p a r t
o f
th e in v e s tm e n ts o f
our
banks
s h o u ld
h a v e , n a m e ly
THE CHRONICLE.
M a r c h 1 1 , 1 8 9 3 .J
a
w id e
and
stre n g th e n
ready
th e
m a rk et.
banks
t h e ir in v e s tm e n ts t o
M u llin
so
B ill.
fa r
as
th e
W e
it
W e
b e lie v e
m a te r ia lly t o
ex ten t
q u ote
m o d ifie s
w o u ld
to sca tter
c o n t e m p la te d
th e
th e
it
b e a b le
term s
la w ,
at
of
by
th e
th e
b ill,
c lo s e
th e
of
in
th is
n o t m ore th a n
v ested
T h e b ill, it w ill b e s e e n , n a m e s th e c it ie s o f o n ly s e v e n
2 5 p e r c e n t o f th e s e d e p o s its s h a ll b e in
o u ts id e th e
S ta te, a n d
i t is p la in
c ip a l s e c u r it ie s o f th is S ta te
le s s t h a n
T h e
202
m illio n s
a ll
to ld )
w ill
am endm ent
w e
n ot
b e lie v e is
frie n d s o f th e b ill a t 1 6 7 m illio n s .
un der
are
c ir c u m s t a n c e s , a re
N ew
I llin o is ,
to
M ic h ig a n
A V is c o n s in ,
bonds
of
u n le s s
th e
debt
7
c itie s
(a fte r
per
c it y
of
debt
year’s
b ill
sen ted
in
b e in g
m ay
of
M is s o u r i;
can n ot
be
s in k in g
are
fu n d )
th e r e fo r e
above
be
th e
w orth
th e
th e
p u rch ased
net
e x c e e d in g
T h e
bonds o f a
b a rre d o u t, C in c in
lim it.
th e
and
n ot
A
ch an ge
m e n t io n in g .
years
O h io ,
in h a b ita n ts a n d a
th e a ssessed v a lu a tio n .
fo rm e r
cen t
and
5 0 ,0 0 0
pu rch ase.
P e n n s y lv a n ia ,
S ta tes
over
C in c in n a ti
n a t i 's
per
th e se
d e d u c tin g
cen t
lik e
in
c it y h a s
b e a le g a l
Jersey,
lim it
In
w as
a ssessed v a lu a tio n ,
in
b ills
p la c e d
bu t
th is
th e
pre
at
10
d e b ts in
t h a t c a s e w e r e t o in c lu d e a ll w a te r d e b t s as w e ll a s o t h e r
d eb ts.
is
T h is
p r o v id e d
year, fo r
th a t
th e
s in c e p r e s u m a b ly s e lf
in
c a lc u la t in g
th e
th e
sake
d eb ts
o f
g r e a t e r fa ir n e s s , it
in c u r r e d
fo r
s u p p o r t in g , s h a ll
tota l
w a ter w o rk s,
be
d is r e g a r d e d
in d e b te d n e s s ;
and
at
s a m e t im e t h e p e r c e n t a g e o f p e r m is s ib le d e b t is
to
7 per cen t to k eep
sam e
as
b e fo r e .
th e p r o p o r t io n
a n y c it y
in
is w is e , s in c e n in e -t e n t h s o r
h a v e e v e r a r is e n r e s p e c t in g
a p p r o x im a t e ly
th e
fu r th e r fo r b id d e n
T h e b a n k s are
b u y b o n d s is s u e d b y
to
a id
o f
m ore of
th e
th e
lo w e r e d
r a ilr o a d s .
T h is
th e d is p u te s th a t
paym ent o f
m u n ic ip a l
s itu a te d ,
and
by
tru st
n o th in g to b e fe a r e d fr o m
r u s h in g in to th is
jo y e d
by
S ta te
fu n d s
th is
and
h e ld
th e
c itie s
th ere
can n ot
th e
is
com e
p o s it io n
en
c it ie s .
T h e f o llo w in g is t h e a m e n d m e n t
r e fe r r e d
I t p r o v id e s t h a t it s h a ll b e la w fu l f o r t h e
v est in th e fo llo w in g
th e
la r g e ly
It
th e
by
g e n e r a lly ,
d estroy
th e s e c u r it ie s o f o u r o w n
b e g g in g .
w it h in
w h ic h
su m .
m u n i
1 , 1 8 )1 0 ,
go
S in c e
b y th e s a v in g s b a n k s o f t h e S ta te s in
any
th e
reck on ed
S ta te s o u ts id e o f N e w E n g la n d , t h e s e c u r it ie s o f w h ic h ,
T h e sev en S ta tes a re
th a t
(a g g r e g a tin g J u ly
e n t ir e in d e b te d n e s s o f th e c itie s fa llin g
prop osed
a r t ic le .
897
to
above.
b a n k s to
in
s e c u r it ie s :
117 . I n t h e le g a lly - a u t h o r i z e d s t o c k s o r b o n d s o f a n y c it v i n c o r p o r a t e d
u n d e r t h e l a w s o f t h e S t a t e s o f M a in e . N e w H a m p s h i r e , V e r m o n t ,
M a s s a c h u s e t t s , R h o d e I s la n d , C o n n e c t i c u t , N e w J e r s e y , P e n n s y lv a n ia ,
O h io , I ll i n o i s , W is c o n s in , M ic h i g a n o r M is s o u r i, p r o v i d e d t h a t s u c h c i t y
h a s a t t h e t im e o f th e i n v e s t m e n t m o r e t h a n 5 0 ,0 0 0 in h a b it a n t s , a s s h o w n
b y t h e l a s t F e d e r a l o r S t a t e c e n s u s n e x t p r e c e d i n g t h e in v e s t m e n t , a n d
p r o v i d e d f u r t h e r t h a t t h e t o t a l in d e b t e d n e s s o f a n y s u c h c i t y , i n c lu d in g
t h e is s u e o f s t o c k s o r b o n d s i n w h ic h t h e i n v e s t m e n t is m a d e , s h a ll n o t
e x c e e d s e y e n p e r c e n t o f t h e v a l u a t i o n o f t h e t a x a b l e p r o p e r t y t h e r e in ,
as sh o w n by th e v a lu a tio n th e r e o f m a d e fo r th e a s s e s s m e n t o f ta x e s
n e x t p r e c e d i n g t h e in v e s t m e n t . I n e s t im a t i n g s u c h in d e b t e d n e s s o f
a n y s u c h c i t y t h e r e s h a ll n o t b e i n c lu d e d s t o c k s o r b o n d s o r o t h e r e v i
d e n c e s o f in d e b t e d n e s s c o m m o n l y k n o w n a 3 w a t e r b o n d s , s t o c k s o r i n
d e b t e d n e s s a n d is s u e d in p a y m e n t f o r w a t e r w o r k s o r e x t e n s i o n s o f t h e
s a m e , o w n e d e x c l u s i v e l y b y t h e c i t y a n d f o r t h e p a y m e n t o f w h ic h t h e
c i t y is d i r e c t l y l ia b l e , o r f o r r e f u n d i n g a n y s u c h in d e b t e d n e s s f o r s u c h
w a t e r w o r k s , o r e x t e n s i o n s o f t h e s a m e . T h e r e s h a ll a l s o b e d e d u c t e d
f r o m t h e a m o u n t o f s u c h t o t a l i n d e b t e d n e s s t h e a m o u n t s o f a n y s in k
i n g fu n d s a v a i l a b l e f o r t h e p a y m e n t o f s u c h i n d e b t e d n e s s , o r a n y p a r t
t h e r e o f. N o s u c h i n v e s t m e n t s h a ll b e m a d e i n t h e s t o c k s o r b o n d s o f
a n y s u c h c i t y , i f it o r t h e S t a t e in w h i c h it is s i t u a t e d h a s d e f a u l t e d in
th e p a y m e n t o f a n y p a r t o f th e p r in c ip a l o r in te re s t o f a n y s to c k s o r
b o n d s w it h i n t h e t e n y e a r s n e x t p r e c e d i n g s u c h in v e s t m e n t . N o s a v i n g s
b a n k s h a l l i n v e s t m o r e t h a n t w e n t y - l iv e p e r c e n t o f i t s a s s e t s in t h e
s t o c k s o r b o n d s o f c it i e s s i t u a t e d o u t o f t h is S t a t e , o r m o r e t h a n l i v e
p e r c e n t o f i t s a s s e t s i n t h e s t o c k s o r b o n d s o f a n y o n e o f s u c h c it i e s , o r
i n v e s t i n m o r e t h a n t e n p e r c e n t o f a ll t h e s t o c k s a n d b o n d s is s u e d b y
a n y o n e o f s u c h c it i e s , o r i n v e s t in t h e s t o c k s o r b o n d s o f a n v c i t y s it u a t e d
o u t o f t h is S t a t e w h ic h h a v e b e e n o r s h a ll b e is s u e d t o a id i n t h e c o n
s t r u c t i o n o f a n y r a i lr o a d .”
b o n d s h a s o c c u r r e d w it h r e fe r e n c e t o r a ilr o a d -a id lo a n s .
T h e
I f a n y c it y h a s d e fa u lt e d o n
c a ll
fo r
an
am endm ent
stron g
of
its
bonds
w ith in
th a t w e d o n o t th in k
t io n .
any
of
th is
n a tu re
is
so
t h e p r in c ip a l o r in te r e s t o f
U lt r a
th e b ill ca n
fa il
o f
ad op
te n y e a rs n e x t p r e c e d in g th e
d a te w h e n th e in v e s tm e n t
w o u ld
be
m ad e, th a t
c o n s e r v a tis m ,
w h ile
a
good
th in g
as
c it y ’s
r e g a r d s s a v in g s b a n k la w s , m a y b e , a n d
in
th is in s ta n c e
b o n d s a ls o a r e o u t la w e d , a n d t h e s a m e is t r u e a s r e g a r d s
a lr e a d y h a s b e e n , c a r r ie d t o o fa r .
th e b o n d s o f a n y c it y w h ic h
ha3
m ade an y su ch
M u llin
B ill, a n d
w h ic h
h a v in g
m e t w it h , h a s c o m e f r o m
S ta te w h o
ch ase
hom e
t io n
th e
th e
on
be
th a t
is
aspect
a
fo r
th e
le s s
o f
a lo s s
pu r
a cu te.
th e
qu es
c o m m o n w e a lth
th e
w hat
th e
pu rch ase
o c c a s io n
ren dered
th e m o ra l
la y in g a h e a v y ta x o n
th e c o m m u n it y ( fo r
ord er to
th rou g h ou t
ban k s to
c o m p e titio n
w o u ld
as to w h e th e r th e p e o p le o f
ju s tifie d in
th a t
p oorer
it
th a n t h e ir m a r k e t v a lu e , a t t e n t io n
bonds
s h o u ld
are
c la s s e s o f
a m ou n ts
e n a b le i t t o s e ll it s m u n ic ip a l
G R O S S
pu rpose, have
o t h e r ' S ta te s w o u ld
lo a n s
A V ith o u t t o u c h i n g
sam e
c it y o ffic ia ls
o w n c it ie s , s in c e
of
a S ta te
b ills a s c o n s e r v a t iv e as
th e
fe a r e d th a t a llo w in g
m u n ic ip a l b o n d s o f
t o th e ir
s itu a te d in
d e fa u lt.
M o s t o f th e o p p o s it io n
th e
is
to )
fo r
be
in
m ore
d ir e cte d
a fa llin g
fro m
sn o w a n d ic e
tr a ffic
and
su ch
o p p o s it io n .
T h ey
2 5 p e r c e n t o f a b a n k ’s a sse ts s h a ll b e in v e s t e d
o f
c it ie s s itu a te d
s h a ll p u t m o r e
out
th a n
r it ie s o f a n y o n e
of
10
c itie s .
cen t
In
o f
n o
su ch
in v e s tm e n ts ,
p la in th a t
s e r io u s
th e
th is
su ch
a d d it io n
th a t
of
S :a t e , a n d
c itie s
c it ie s , o r in v e s t
to
m a k in g
lo s s
can
th e se
of
in
any
it
be
o f
of
r e a s o n a b ly
in c u r r e d
p r o v is io n s
N e v
m o r e th a n
Y ork
a ls o
su ch
c e r ta in
th ro u g h
m ake
it
S ta te w ill
r e ta in
fo r th e ir
bon d s.
s a v in g s b a n k d e p o s it s a g c i v g a t i n g $ 6 1 0 ,0 0 0 ,-
0 0 0 , c o n s ta n tly
n e e d in g
[a s t h e y w ill in c r e a s e
g o ld e n
bonds
th a t n o ba n k
o b lig a t io n s
th e
a n e x c e lle n t m a r k e t a m o n g th e b a n k s
F o r g iv e n
in
5 p e r c e n t o f its a ssets in th e s e c u
a ll
per
h a v e in
e g g is s t a r v e d
r e -in v e s tm e n t
u n le s s th e
to d e a t h ]
and
in c r e a s in g
g o o se ] th a t
a t th e r a ’ e o f
m illio n s a y e a r , a n d g iv e n a ls o t h e p r o v is io n
la y s
15
th e
no
th e
T h e
e x h ib it
w ea th er w as
o ff in th e g r a in
im p o r t a n t p a r t in r e d u c in g
T h en
th ere w a3
m o v e m e n t, in p a r t
s u lt o f th e s e v e re w e a th e r .
w o rth y c o n tr a c tio n
in
T h ere
th e co tto n
n o t in a n y d e g r e e b e r e fe r r e d
m ore
th e
m on th
la s t
c o n ta in e d
year,
w h ic h
d a y s, as
c o m p a r is o n
year, F eb ru a ry
1 8 9 2 h a v in g
o f
w as
as th e
re
lik e w is e a n o te
m o v e m e n t, w h ic h
can
th e w e a th e r.
F u rth er
th e
w as
a
th a n
le a p
28 d ays th e
is w it h
th a t yea r.
a h e a v y fa llin g
no dou bt
le s s d a y
one
a g a in s t
M oreover, th e
any m on th
to
year
presen t year.
h e a v y e a r n in g s
show n
B e s id e s
sam e
y e a r , g iv in g
th e
la s t
la r g e s t g a in o f
th is , th e re
has been
a d e c r e a s e in t h e r e c e ip t s o f p r o v is io n s a n d liv e s t o c k in
t h e A V est, a n d s p e c i a l d i s t u r b a n c e s o n
s p e c ia l r o a d s — a s ,
fo r in s ta n c e , a s tr ik e th e g r e a te r p a r t o f
th e
th e
L o u is .
C le v e la n d
B e a rin g
adverse
m illio n
in
C in c in n a ti
m in d
th e
in flu e n c e s ,
d o lla r s o n
w e c o n s id e r th a t
a
th e
ta b u la tio n s c a n n o t
be
th e
m u c h as 4 £ m illio n
C h ic a g o
&
n a tu re
lo s s
fo r
S t.
and
th e
regarded
presen t
d o lla r s in
g a in s in
a ll th e y e a r s
to 20
m ary o f
t h e F e b r u a r y to t a ls
m on th
ex ten t
m on th
w h o le 1 3 1 r o a d s
th e
o f la w t h a t
ch a ra cter o f
s u r p r is e .
p la y e d a n
e a r n in g s .
F eb ru a ry 29
s ile n c e
B ill m a d e th e s t ip u la tio n th a t n o m o r e th a n
F E B R U A R Y .
v e r y s e v e r e n e a r ly a ll o v e r t h e c o u n t r y , a n d o b s t r u c t io n s
th em
to
o ff, a n d
w ill, w e t h in k , o c c a s io n
m on th
lie s
F O R
O u r s ta te m e n t o f r a ilw a y g r o s s e a r n in g s f o r F e b r u a r y
record s
t o th e f a c t t h a t t h e s a v in g s b a n k s h a v e d o n e a ll th a t in
th e M u llin
E A R N IN G S
o f
o f
th e se
o n ly
in c lu d e d
in
our
as la r g e , e s p e c ia lly
lo s s
on
fo llo w s a g a in
o f
if
as
1 8 9 2 a n d la r g e r o r s m a lle r
p r e c e d in g .
fo r
s e rv e t o e m p h a s iz e th is fe a tu r e .
T h e
fo llo w in g
t h e la s t fiv e y e a r s
sum
w ill
THE CHRONICLE.
398
Mileage.
6 ,3 9 7 ,4 0 5
E arnings.
[VOL. LVI.
b u s h e ls in
th e fo u r
w eeks o f
1892,
w h ile
th e
Increase.
Y ear
Given.
Y ear
Preceding.
F eb ru a ry.
Miles.
Miles.
1889 (122 roads)........
1890 (151 roads)...... .
1891 (145 roads)........
1892(140 roads).......
1893 (131 roads)........
71,577
81,106
89,374
94,397
92,792
Y ear
Given.
68,744
79,169
86,569
92,106
90,888
lo s s in
Y ear
Preceding
c h ie fly in
th e
w heat
$
24,173,042
27,043,329
32,154,992
34,442,110
38,049,828
?
26,434,878
30,114,650
33,484,330
39,008,578
36,727,557
w h eat w as
p o in ts , D u lu th
p o in t
t h e r e c e ip ts w e re o n ly
and
tw o
n orth ern
M in n e a p o lis ;
s p r in g -
at th e
la tte r
f
I n c . 1,231,838
I n c . 3.071.327
In c. 1.329,374
I n c . 4.026,468
D e c . 1,322,271
a g a in s t 5 ,6 7 2 ,6 2 0
w ere
A t
o n ly
3 ,8 2 2 ,1 3 0
b u s h e ls in
2 5 6 ,7 0 8
b u s h e ls
in
1893
1 8 9 2 , a n d a t D u lu th
b u s h e ls
a g a in s t
C h ic a g o , s tr a n g e ly e n o u g h ,
1 ,5 2 5 ,4 0 5
th ere
th ey
b u s h e ls .
w as a g a in
in
b oth
m ovem en t at
th is
J an . 1 to F eb . 28.
1889 (122 roads)........
1890 (149 roads)........
1891 (145 roads).......
1893 (HO roads).......
1893 (130 roads)........
A s
71,577
80,924
89,374
94,397
92,394
68.744
79,069
80,509
92,100
90,490
48,916,216
55,990,174
67,051,647
72,225,664
75,560.071
52,583,827
62,907,449
70,627,003
77,873,009
70,099,017
In c.
In c.
In c.
In c.
In c.
3,667,611
0,917,275
3,575,350
5,647,405
589,810
d ou b t
th e
w heat an d corn .
W e g iv e th e g r a in
p ara
r e g a r d s th e w e a th e r , th is w a s n o
la tte r p o in t s e p a r a te ly in th e
fjllo w in g ,
n e n t a l lin e s o n
th e
P a c ific
s u ffe r e d
h a v in g
RECEIPTS AT CHICAGO DURING FEBRUARY AND SINCE JAN. 1.
s e v e r e ly , b o t h
S ou th ern
road s
escap e
m any
bad
b y
d iffe r e n t
and
any,
by
It
is
s o m e tim e s
tr a ffic
th e
sn ow
r o a d s a ls o s u ffe r e d
N or
d id
to be rem em
w ea th er, s u ch
s e c tio n s ,
a n e ffe c t in r e d u c in g
as
in d ir e c tly .
e n tire ly .
b e r e d t h a t e x c e s s iv e ly c o ld
in
m u ch
ob stru cted
M ic h ig a n
d ir e c tly
tr a n s -C o n ti
P a c ific , C a n a d ia n
as
been
n e a r ly th e w h o le m o n t h .
very
T h e
th e N o rth — N o rth e rn
P a c ific , & c .— p r o b a b ly
N orth ern
m on th .
as
p r e v a ile d
has
n e a r ly
as
th e g r a in m o v e m e n t, th e r e h a s b e e n a d e
flo u r .
C o n s id e r in g
how ever
m e n t w a s la s t y e a r , t h e
th a n
m ig h t
m illio n
T h u s
m illio n
b u s h e ls , in
In
b u s h e ls , in c o r n
oa ts
a
a t th e sa m e p o in t th e re
liv e
hogs
m illio n
a fa llin g
b u s h e ls ,
in
A lto g e th e r
In
fo llo w in g
g iv e s
fu ll
d e t a ils o f
a g a in s t
3 5 ,1 5 9 ,5 1 8
w eeks o f 1892.
T h e
th e g r a in m o v e m e n t
at
p orts.
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED FEBRUARY 25
AND SINCE JANUARY 1.
Com,
W heal,
{bush.)
{bush.)
2,993,160
1,528,520
7,595,425
3,102,979
4,521,940
4,153,402
8,435,5C6
7.895,014
735,400
813,083
1,612,854
1,592,716
139,100
175.940
192,230
286,630
Oats,
{bush.)
Barley,
{bush.)
3,911,928
4.616,504
8,843,075
8,782,159
1,277,415
1,410,803
2,563,643
2,809,317
153,565
242.6S8
327,353
556,886
489.094
720,600
420.000
871,500
982.094 1,546,400
846.000 1,677,725
131,000
69,820
278,560
147,843
D ye
(busn.j
4 wks. Feb., 1893
467,191
4 wks. Feb., 1892
492,618
845,766
S in ce Jan. 1,1893
S in ce Jan. 1,1892 1,008,201
M ilw aukee—
4 wks. Feb., 1893
4 wks. Feb., 1892
Since Jan. 1,1893
Since Jan. 1,1892
St. L o u is —
4 wka. Feb., 1893
4 wks. Feb., 1892
S in c e Jan. 1,1893
S in c e Jan. 1,1892
80,175
254,007
288.300
511,514
130,420
125,631
238,062
237,624
Toledo—
117,750
473,900
319,350
860,700
35,808
231,700
61,358
lo s s
is f o u n d
at
p r e v io u s
brou gh t
m on th ,
m ore
p r e v io u s
T h e
b a le s
b a le s
a g a in s t
1.300
1,200
1.300
8.300
392,933
344,907
848,939
552,896
168,465
113,194
345,917
212,639
144,212
130,538
270,304
263,091
49,210
103,212
172,141
202,679
151,901
140,097
267,520
233,897
68,094
46,189
114,940
103,595
178,899
137,894
290,901
302,510
36,750
55,651
56,050
93,446
9,460
995
9,460
Brunswick, &c...............
141,250
80,000
289,050
143,000
1,080,000
1,551.500
2,238,240
3,575,900
i,004,800
1.051.000
2,188,300
2.131.000
105,800
242,400
332,100
442,200
21,000
15,950
30,800
47,852
115,386
c h ie fly at
S t.
L o u is ,
w eek s of
1893
w ere
th a t
o n ly
P a c ific
M is s is s ip p i
V a lle y
N ew
O r le a n s
B e lo w
&
th e
2 4 ,5 2 3
1 2 ,4 7 2
3 2 ,1 4 9
2 5 ,1 2 7
N orth
w e sh ow th e
p orts.
S in ce J a n u a r y
F eb ru a ry.
1.
1891.
1893.
1892.
1891.
Port Royal, &c..............
Wilmington......................
Washington, & c ...........
Norfolk..............................
W est Point, &c.............
59,695
2,640
126,420
7,981
1,054
30,519
1,798
9,270
101
2,448
70
18,419
6,701
90,881
3,324
308,866
28,173
1,041
51,87?
14,147
23,320
123
7,247
265
81,112
38,565
52,055
4,336
154,251
22,882
729
82,049
11,362
38,458
62
8,475
267
45,783
56,672
146,068
6,102
316,795
21,435
5,781
73,874
11,892
21,120
101
14,999
152
35,294
18,107
186,418
11,317
592,304
46,350
3,768
111,657
32,368
49,564
186
13,956
630
73,379
72,546
140,572
11,957
458,852
02,095
2,429
184,016
31,317
85,780
158
30,134
1,205
140,090
129,900
267,179
596,947
477,981
671,720 1,194,443 1,279,105
ob stru cted
b y sn ow
r o a d s h o w s a lo s s in
th e
th a n in
&
th e
road
1892.
been
10,510,226
13,008,290
20,785,64?
25,853,923
in
th e
T exas
a g a in s t
brou gh t
W e h a v e sta ted a b o v e th a t th e
w h ere th e
o n ly
C ity
w ere
in
T otal............................
43,362
6.212,033
7,230,156
13,828,349
14,288.925
2,308,825
420,865
3,158.009
391,826
4.980,981
882,708
6,094,367
866,599
In addition to the above there was received at Kansas City during the fo u r
weeks this year 1.353,057 bushels o f wheat, 279,275 bushels o f corn and 16 817
bushels o f oats. Since January 1 the receipts have been 2,942,043 bushels o f
wheat, 613,880 bushels o f corn and 22,634 bushels o f oats.
observed
C rescen t
A s
1893.
Florida...............................
3,822,130
5,672,020
8,052,465
9,849,700
7 o ta ! nf all— .
740,318 9,630,374
4 wks. Feb., 1893
4 wks. Feb., 1892
031,961 11.310,577
glnce Jan. 1,1893 1,489,112 23,379,833
ginoe Jan. 1. 1892 1.876,105 20.935,023
&
b a le s
th e
r e c e ip ts
o f th e v a r io u s S o u th e r n
P orts.
-alveston.............. bales.
El Paso, &c....................
D u lu th —
4 wks. Feb., 1893
4 wks. Feb., 1892
S ince Jan. 1,1893
S ince Jau. J 3892
th e
b a le s .
of
h a lf
JANUARY 1 TO MARCH 1, 1 8 9 3 , 1 8 9 2 AND 1 89 1 .
10,700
19,400
17,410
38,300
M in n e a p o lis —
a lto g e th e r
RECEIPTS OF COTTON AT SOUTHERN PORTS IN FEBRUARY, AND FROM
714,300
630,000
1,889,758
1,370,600
4 wks. Feb.. 1893
4 wks. Feb., 1892
Since Jan. 1,1893
Since Jan. 1,1892
r e c e ip ts
A b ou t
b a le s , t h e T e x a s
th e
S ou th
100,100
250,708
1,525,405
2,116,700
2,728,985
4 wka, Feb., 1893
4 wks. Feb., 1892
Since Jan. 1 ,1893
nee Jan. 1.1892
lo s s
e a s te r n 1 0 ,4 9 6 b a le s a g a in s t 1 5 ,9 5 2 .
12,200
18,100
13,300
43,200
th e
th e
L o u is ia n a
2 5 ,1 0 4
7 4 ,0 0 9 , a n d
21,600
20,775
42,150
35,475
P eoria —
a
b a le s .
3 0 8 ,8 6 6
to th e
4 6 ,9 6 6 ,
a g a in s t
1 8 9 2 , w h ile
C e n tra l
5 3 ,7 8 1
1893
m o r e t h a n 2 6 7 ,1 7 9 b a le s ,
O r le a n s , w h e r e
a g a in s t
I llin o is
h a le s a g a in s t
in
1 8 9 3 w e r e o n l y 1 0 0 ,0 6 4
in v o lv in g
n a m e ly
1893
r e c e ip t s
c a r -lo a d s
m o v e m e n t in
b a le s in
co tto n
year,
O f
iu
1892.
M orga n ’s
21,625
21,716
37,161
46,787
. Cleveland—
2 0 ,1 5 0
co tto n
N ew
m ore
o ff.
head
T h e liv e -s to c k
to
th ou sa n d
b a le s
fa llin g
3 9 5 ,4 7 7
1892.
b a le s ,
12,833
13,239
24,173
24,399
4 wks. Feb., 1893
4 wks. Feb., 1892
Since Jan. 1,1893
Since Jan. 1,1892
he
5 9 6 ,9 4 7
n e a r ly fo u r h u n d r e d
294.000
209.000
717,530
465,100
D etr o it—
4 wks. Feb.. 1893
4 wks. Feb., 1892
S in ce Jan. 1,1893
S in ce Jan. 1,1892
th e
p o r t r e c e ip ts f o r e a c h
842,832 3,774,965
473,000
854,820
990,939 6,397,405
1,849.360 7,453,610 1,236,268
2,200,350 12,409,545 1,925,865
m ark ed
p orts w ere n o
6,474
6,975
13,500
12,105
4 wka. Feb., 1893
4 wks.' Feb., 1892
Since Jan. 1 ,1893
Since Jan. 1,1892
w ill
S ou th ern
b a le s .
Chicaoo—
to
b a le s , a g a in s t 1 6 5 ,3 9 3
o n ly 1 2 6 ,4 2 0
F lou r,
lbbls.)
w as a
w ere o n ly
a m ou n ted
r e fe r e n c e
a g a in s t
b u s h e ls
1,349,030
0,434,383
7,041,225
404,639
2,807,023
t h e p r o v is io n s m o v e m e n t
th e g r o s s s h ip m e n t s o v e r la n d in
2 5 , 1893, w ere
2 9 ,0 8 2 ,9 2 3
t h e r e c e ip t s
k in d s
at th e
b u s h e ls in th e c o r r e s p o n d in g fo u r
1891.
3,271,719
8,330,602
9,156,344
608,085
2,834,832
th e a g g r e g a te s lig h t ly
a g a in s t 2 5 ,1 9 7 c a r lo a d s in
o ff o f
and
a ll
iu
B u t in
a g a in s t 6 7 5 ,5 6 8 h e a d i n
w h ea t th ere w as a
1892.
7,851,917
8,789,120
9,328,926
434,878
2,712,794
597,277
3,541,717
3,466,802
190,472
1,008,726
C h ic a g o r e c e iv e d
of
s m a lle r
1.
1893.
Total grain 12,833,153 12,480,643 8,804,994 29,117,635 24,207,582 17,537,500
Flour., bbls.
474,227
509,519
322,149
876,301 1.039,829
691,467
Pork....bbls.
90
2,070
711
370
4,274
4,458
Cutm’ts.lbs. 8,076,453 18,503,490 25,797,208 20,117,159 40,389,361 55,013,873
Lard...... lbs.
3,445,479 8,954,377 6,960,077 9,848,787 19,459,451 18,839,581
Live hogs No
395.477
675,568
933,873
990,789 1,052,902 2,002,133
t h e r e c e ip t s o f g r a in in t h e f o u r w e e k s e n d in g F e b r u a r y
It
1,590,245
4,425,476
4,834,273
200,745
1,300,901
h e a v y th e m o v e
is
b a r le y s o m e w h a t le s s t h a n a m illio n b u s h e ls .
W estern
1891.
perh ap s
how
fa llin g o ff
h a v e b een ex p ected .
fa llin g o ff o f I f
2$
2,895,787
4,480,094
3,939,252
246,305
1,271,655
Wheat-bush.
Com. ..bush.
Oats.. bush.
Rye., .bush.
Barley.bush.
S in c e J a n u a r y
L892.
g r a in th a n a y e a r a g o .
c r e a s e in e v e r y o n e o f t h e m a in c e r e a ls a n d a ls o a d e c r e a s e
in
1893.
as a n a ctu a l b lo c k a d e
sn ow .
C o n ce r n in g
covers
th e even m on th .
F eb ru a ry.
m o u n t in flu e n c e d u r in g
w h ic h
lo s s
in
r e c e ip ts
3 ,7 7 4 ,9 6 5
corn
in
occu rred
th e
b u s h e ls ,
fo u r
a g a in s t
038, or
m ore
th a n
a d d it io n .
a n y o th er
th e
P a c ific
m on th .
had
T h at
in a m o u n t o f $ 3 9 9 ,-
road , and
th is w it h o u t
C e n t r a l, w h i c h h a s lo s t $ 7 7 ,9 6 9
sta n d s
secon d
w it h $ 2 2 0 ,3 6 3 d e c r e a s e , t h e n c o m e s t h e C a n a d ia n
P a c ific
w it h
T h e
of
g r o s s e a r n in g s
c o u n tin g th e W is c o n s in
in
m ost
N orth ern
$ 1 9 7 ,3 6 9
N ew
decrease,
C a n a d a w it h
$ 1 5 9 ,7 3 8
n a ti C h ic a g o
&
S t. P a u l w it h
Y o rk
th en
th e
decrease, th e
S t. L o u is w it h
$ 1 4 2 ,6 5 7
C e n tra l
G ra n d
T ru n k
C le v e la n d
of
C in c in
$ 1 4 8 ,9 0 4 d e c r e a s e , t h e
d ecrease, th e
G rea t
N orth ern
M arch
w it h
by
THE CHRONICLE.
11. 189 3. j
$ 1 1 2 ,4 0 6 , & c ., & c .
no
th e
Som e
o f
sam e
roads
p resen t year.
$ 2 2 0 ,3 6 3
O f
la s t
year
and
T h u s th e N e w
d ecrease n ow ,
c o u r s e g a in s
had
d ecreases
o f
th e lo s s
Y ork
la r g e
S t ill th e A t c h is o n
year, has
of
T exas
la s t
a
q u a rter
road s
of
have
a
a
C e n tr a l,
done
h a 3 $ 6 2 ,5 1 5
w e ll,
g a in
a
tu n n e l,
has
year
$ 5 8 ,3 4 6
th u s
th e
E a ste rn
I llin o is
C e n tr a l.
and
and
B e lo w
a ll
th e
p r in c ip a l
an d th e
lis t
by
th e
th e
th e
B e s id e s
th e se
&
th e
b y t h e C h ic a g o
T o le d o
&
&
O h io
In
th e
D ecreases.
C h io . M il. & S t. P a u l . . .
G r e a t N o r t h e r n (3 r d s ) .
W i s c o n s i n C e n t r a l ..........
C i n .N .O .& T . P . ( 5 rd s ).
M o . P a c . a n d I r . M t ___
W a b a s h .................................
F l i n t & P o r e M a r q ...........
G r d . R a p . & I n d . (4 r d s )
M in n . <fe S t. L o u i s ..........
C h ic . G r e a t W e s t e r n . . .
B u rl. C ed . R a p . & N o r .
M o b i le & O h i o ...................
$ 2 5 0 ,8 8 3
6 2 ,5 1 5
6 0 ,2 0 1
5 8 ,3 4 6
4 9 ,0 6 1
3 7 ,4 7 8
$ 5 1 8 ,4 8 4
$ 1 4 2 ,6 5 7
1 1 2 ,4 0 6
7 7 ,9 6 9
7 7 ,5 1 3
7 7 ,3 9 0
6 8 ,0 0 4
5 5 ,3 2 9
4 9 ,6 2 1
4 3 ,9 8 8
4 3 ,9 1 7
4 0 ,3 7 5
3 5 ,2 6 5
T o t a l (re p re s e n tin g
2 8 l o a d s ) ................ $ 1 ,9 5 0 ,3 4 6
Four weefcs
th a n
any
g a in s
S ou th w estern
o t h e r s ..
by
th e
N orth ern
W e
th e se th e r e a re
a m on g th em
S t.
several
th e
have
a lr e a d y
th e
done
W estern
I n t e r n a t io n a l
oth ers
th e
G ra n d e.
to
&
S t.
C o lo r a d o
G rea t
B e s id e s
im p r o v e d
r e s u lts ,
K an sas
Joseph
w it h
th e
P a c ific , t h e M is s o u r i
&
G ra n d
I s la n d .
r o a d s in t h is g r o u p h a v e lo s s e s , in c lu d in g
P a c ific ,
M id la n d
a n d th e
th e
Seven
M is s o u r i
D en ver &
R io
T h e f o llo w in g fu r n is h e s a s ix -y e a r c o m p a r is o n
fo r s o m e o f
th e b est k n o w n
roa d s:
EARNINGS OP SOUTHWESTERN GROUP.
1892.
F e b ru a ry .
1803.
A.T.&S.F.Sys
8t.L.AS.F.Sys
Den. A Rio Gr.
K.C.Ft.S.AM.
Mo. K. A Tex.
St.L. A Sou’w.
Texas A Pac.
*
2,672,039
605,013
610,300
124,230
041,335
132,0C0
505,392
Total...........
0,016,309
m ov em en t,
th e
do
1891.
$
2,110,390
042,856
675,300
120,313
625,095
371.799
564,087
1890.
$
2,217,129
669,112
556,215
374,228
007,892
317,040
507,589
8
2,221,313
003,609
528,128
302,400
016,431
297,472
544,426
5,179,205
5,716,475
S o u th ern road s,
th a n
n o t w it h s t a n d in g
n ot
&
a ll
1889.
1888.
record
th e
lo s s e s .
*
1,804,983
$
1,780,680
497,077
806,931
178,372
849,78-5
150,091
611,701
332,215
480,135
220,102
403,008
s m a lle r
In
co tto n
a n in c r e a s e ,
in c lu d in g
N a s h v ille a n d t h e M e m p h is & C h a r le s
n o t a n y fo r v e ry la r g e a m o u n ts ; 1 3 r o a d s in
a re o b lig e d
t o r e p o r t lo s s e s .
c o m p a r is o n
m o r e p r o m in e n t ro a d s .
back
W e g iv e in th e
to 1 8 8 8 fo r a fe w
of
th e
W e h a v e n o retu rn s fo r a n y o f
& D a n v ille ro a d s o r th e C e n t, o f G e o r g ia .
EARNINGS OF SOUTHERN GROUP.
F e b r u a ry .
1893.
b e s id e s
h a s a ls o s u ffe r e d
1889.
1888.
th e
la r g e
P a c ific , th e
a fa llin g
decrease
R io
1892.
1891.
o n
G ra n d e
o ff.
EARNINGS OF PACIFIC ROADS.
1893.
1892.
1891.
1890.
1889.
i
$
*
*
*
*
Canadian Pacific.. 1,259,000 1,450,309 1,338,494
946,257
902,577
Northern Pacific... 1,138,980 1.538,018 1,409,981 1,282,908 1,193,159.
144,900
100,050
153,395
Rio Grande W est..
99,453
95,833
In
th e tru n k
grou p, m an y
are
lin e
and
c o n s p ic u o u s
a ls o q u it e
th ree fo r
1890.
1889.
1888.
Chesapeake A Ohio
Ches. 0 . A S. W ....
Cin. N.O.A T.P.Sys.
Louisv. & Nashv ..
Memphis A Char..
Mobile A Ohio......
Norfolk A W est’n.
8outh Carolina_
_
S
$
$
*
*
1
761,573
023,073
577,056
425,000
881,919
759,736
103,910
185,915
184,934
150,200
155,762
a 191,227
595,980
565.995
762,033
071,252
672,058
684,520
1.809,340 1,784,650 1,529,781 1.496.840 1,340,528 1,280.395
145,805
144,018
102,516
a 143,150
136,610
130,350
247,300
277,059
215,992
300,415
271,150
287,095
400,338
508,577
713,533
025,634
574,328
705,748
135,552
149,101
120,315
153,912
150,185
176,910
T otal................
4,721,783 1,801,220 4,235,035 4,012,204 3,005,885 3,340,571
a Fourth week not reported; figures taken same as last year.
1888.
$
892.793
930,085
88,049
2,542,880 3,156,037 2,961,870 2,328,618 2,191,689! 1,910,92 ^
T otal.................
a
good
M id d le
lo s se s
and
are
M id d le
n o te d ;
m a n y g a in s , t h o u g h
a n y c o n s id e r a b le
W estern
s till, t h e r e
o n ly tw o
or
a m ou n ts.
TRUNK L IN E S A N D M ID D L E A N D M ID D L E WESTERN ROADS.
1893.
Balt. A 0 . Southw.
Buff. Roch. A Pitt.
Chicago A East. 111.
Chic. A W est Mich.
Cl. Cin.Chic.A St. L
Col. H ock. V.ATol.
Det. Lansing A No.
Evansv.ATerre H.
Flint A P. M arq....
Gr. Rap.A Ind. Sys.
Gr. Trunk o f Can.*
Lou.Evans.A St.L.
Louis. N .A .A Chic.
N. Y. Cent.AH.R.Y
Ohio A Mississippi.
Pittsb’g A W est’n.
St.L.A.A T.H. br’s.
Tol. A Ohio Cent..t
W abash.................
West. N. Y. A P a ..
$
201,349
216,049
345,981
120,834
957,592
251,337
80,028
102,483
200,947
191,823
1,285,314
147,109
219,0 L
4
3,285,052
352,967
' 107,074
123,400
162,856
1,019,840
200,500
1892.
T otal.................
1891.
1890.
1889.
1888.
1
$
*
*
$
170,374
201,389
180,539
101,145
170,908
114,511
130,355
230,398
147,489
153,067
219.814
296,920
278,409
214,310
208,316
108,000
143,485
121,980
93,501
98,505
939,205
1,106,490 1,030,012
841,434 *779,708
222,300
178,170
163,010
174,112
189,370
91,875
83,044
82,590
69,914
70,982
90,338
86,938
74,494
67,838
05,117
250,270
226,330
252,454
171,507
190,586
218,243
241,444
239,634
217.033
217,608
1,373,839 1,304,071 1,300,002 1,302,159 1,109,813
112,610
8S,763
82,926
85,324
76,690
222,804
184,497
108,785
170,427
152,887
3,505,415 3,020,385 2,990,821 2,665,653 2,810,541
305.965
332,523
303,369
289,265
290,078
147,296
153,800
190,095
137,015
133,406
119,820
116,968
89,005
80,263
77,603.
119,345
125,378
111,014
94,133
116,331
1,087,850
944,031
986,840
918,982
778,991
206,449
213,175
251,872
222,947
215,604
9,098,215 10,199,923 9,072.804 8,905.017 8,127,051 7.907,288
* Four weeks in. each year.
T Rome Watertown A Ogdensburg included fo r all the years,
t Toledo Columbus A Cincinnati included fo r all the years.
G R O SS E A R N IN G S A N D M IL E A G E IN F E B R U A R Y .
N am e o f R oad.
1 89 3 .
f a c t , n o le s s
th a t s e c t io n
th e R ic h m o n d
1890.
O ro s s E a r n i n g s .
ton , th o u g h
a
1891.
N orth ern
5,173.839
1 5 r o a d s a re a b le t o r e c o r d
L o u is v ille
fo llo w in g
grou p,
aud
b etter
a llu d e d
L o u is & S o u th w e s te r n .
th e T e x a s &
and
roa d s
have
A tc h is o n ,
an d th e
T exas
1892.
F eb ru a ry.
C o lle c tiv e ly
k
3 9 9 ,0 3 8
2 2 0 ,3 6 3
1 9 7 ,3 6 9
1 1 5 9 ,7 3 8
1 4 8 ,9 0 4
th e
,
*
D ecreases.
*
th e P a c ific
C a n a d ia n
F e b r u a ry .
In cre a se s.
N o r t h e r n P a c i f i c ............
N . Y . C e n t, & H u d . R . . .
C a n . P a c i f i c .........................
* G r d . T E k o t C a n . (3 r d s )
C le v . C. C. & St. L ..........
b e in g
road .
la tte r o u t n u m b e r th e
PRINCIPAL CHANGES IN GR O SS EARNINGS IN F U B llt J i H V .
T o t a l (r e p r e s e n t i n g
8 r o a d s ) .....................
1893.
F ebru a ry.
fo r m e r th re e to o n e .
A teh .| a n d S. F r . (3 r ’ d s ) .
In t. & G rea t N orth ern .
S t. L o u is & S o u t h w e s ’ n .
L o u is . E v . & S t. L o u i s . .
C h ic . & E a s t I l l s ..............
T o l e d o & O h io C e n t r a l .
S oo ”
EARNINGS OF NORTHWESTERN LINES.
o f a ll th e p r in c ip a l g a in s
lo s s e s ;
“
h e a v y lo s s e s in m o s t
e x c e p tio n s
T otal................. 6,917,330 0,881,247 4,923.303 5,006,701 4,335,063 4.147,000
of
S t. L o u is
fro m
th e
I s la n d
o n ly p r o m in e n t
E v a n s v ille
presen t
s h o w in g
th e
$ 4 9 ,0 6 1
$ 3 7 ,4 7 8
is a f u l l
are
I n te r n a t io n a l &
and
g a in .
o n ly g a in s a b o v e $ 3 0 ,0 0 0 a r e
t im e
th e
s u ffe r e d
of
R ock
w h ic h h as
Som e
&
la s t
th e
*
1
1
$
i
295,622
271,994
336,497
265,851
Burl. Ced. R. A No.
210,128
221,014
330,920
380,837
312,309
289,281
Chic. Gt. W estern.
212,858
138,474
2,101,445 2,304,102 1,878,992 1,703,140 1,670,008 1,577.081
Chic. Mil. A St.Paul
Chic. R. I. A P a c .. 1,334,705 1,321,438 1,022,872 1,294,132 1,134,137
975,405
130,010
135,351
128,050
160,202
140,059
Iowa Central..........
107.954
115,466
116,439
101,005
121,962
83,230
Milwaukee A N or..
09,826
117,804
161,792
112,379
93,172
93,172
Minn. A St. Louis..
109,234
225,993
135,511
153,110
190,664
101,782
M. St. P. A S. S. M.
08,283
72,234
112,808
130,778
95,140
77,354
St. Paul & Duluth.
84,871
749,505
534,337
455,014
382,327
St.P.Mlun. AMan.
868,008
552,012
330,838
408,307
326,502
320,054
234,531
Wis. Central Uses.
255,472
T h e L o u is v ille
w h ic h
th e
N o r t h w e s t e r n r o a d s h a v e s u ffe r e d
cases, a b o u t
th e c a v in g -
in c r e a s e
S o u t h w e s t e r n $ 6 0 ,2 0 1 g a i n .
S t. L o u is ,
day
th is
d o lla r s .
e ffe c t s o f th e b e t t e r r a te s r e a liz e d ;
G rea t N o rth e r n
a
s y s te m , a ft e r its h e a v y
fu r th e r
m illio n
a ls o
of
d im e n s io n s
in c re a s e
in
are
$ 4 8 5 ,0 3 0 in c r e a s e la s t y e a r .
ra th er rare.
year
th e se
m e a n s la r g e , c o n s id e r in g th e h e a v y g a in s m a d e b y
b 9 9
A t c h . T . & S. F e S y s ..
S t. L . & S. F r . S y s . .
C o lo r a d o M i d l a n d ..
A t l a n t a & F l o r id a ___
B a lt . & O h io S o u t h w .
B ir m ’ h a m & A t l a n t i c
B ir .S h e ff.& T e n n .R iv .
B r o o k ly n E le v a t e d ..
B u ff. R o c h . & P i t t s . ..
B u r l.C e d . R a p .& N o ..
C a n a d ia n P a c i f i c .......
C a r o lin a M id la n d ___
C h a r . C in . & C h ic ........
C h a r . S u m . & N o ........
C h esa p ea k e & O h io ..
* C h e s. O . & S o . W e s t ’ n
C h ic . & E a s t . I l l i n o i s .
C h ic . G r e a t W e s t e r n .
C h ic . M ilw . & S t. P . . .
C h ic . Peo.»fe S t .L o u i s .
C h ic . R . I s l. & P a c . . .
C h ic . & W e s t M i c h . . .
C in . J a c k . & M a c k ___
C in . N . O r l . & T e x . P .
A la . G t. S o u t h e r n .. .
N .O r l. & N o r t h e a s t .
A la . & V i c k s b u r g . . .
V i c k s .S h r e v .& P a c ..
C in . N o r t h w e s t e r n . ..
C in n .P o r t s n T t h & V a .
C o l. & M a y s v i l l e . ..
C le v . A k r o n & C o l ___
$
2 ,6 7 2 ,0 3 9
6 6 5 ,01 3
1 3 6 ,1 8 3
9 .9 2 6
2 0 1 ,3 4 9
2 ,7 1 5
21,0 51
1 5 0 ,3 2 0
2 1 6 ,0 4 9
2 9 5 ,6 2 2
1 ,2 5 9 ,0 0 0
6 ,183
14,901
2 3 ,0 0 0
7 5 9 ,7 3 6
1 3 6 ,0 6 2
3 4 5 ,98 1
3 3 6 ,9 2 0
2 ,1 6 1 ,4 4 5
9 9 ,8 6 2
1 ,3 3 4,76 5
120,*'34
5 0 ,8 3 3
3 1 9 ,8 2 8
1 4 8 ,12 3
120,921
49,0 51
4 6 ,5 9 7
1 ,540
16,073
975
7 7 ,4 3 2
1892.
$
2 ,4 1 6 ,3 9 6
6 4 2 ,8 5 5
163 .10 1
8 ,1 9 6
2 01 ,38 9
3 ,3 0 4
1 8 ,8 6 0
142 ,39 6
2 3 0 ,3 9 8
3 3 6 .4 9 7
1 ,4 5 6 ,3 6 9
5 ,4 3 3
1 5 ,4 1 6
17,0 85
7 6 1 ,5 7 3
1 2 7 ,7 5 0
2 9 6 ,9 2 0
3 8 0 ,3 3 7
2 ,3 0 4 .1 0 2
1 03 ,61 9
1 ,3 2 1 ,4 3 8
143,485
52,2 55
3 6 8 ,9 4 2
166,787
111,3^8
59,2 18
5 5,7 58
1,588
16,7 63
1,009
67,8 91
M ile a g e .
In crea se or
D ecrea se.
$
+ 2 5 5 ,6 4 3
+ 2 2 ,1 5 8
— 26,9 18
+ 1 ,7 3 0
—40
—5 8 9
+ 2 ,1 9 1
r7 ,9 2 4
— 14,349
—4 0 ,8 7 5
—1 9 7 .3 6 9
+750
—515
+ 5 ,9 1 5
— 1,837
+ 8 ,3 1 2
+ 4 9 ,0 6 1
— 4 3 ,9 1 7
—1 4 2 ,65 7
— 3 ,7 5 7
+ 1 3 ,3 2 7
—22,651
—1,422
— 49,114
—1+664
+ 9 ,5 9 3
— 10.1 67
—9 ,1 6 1
—48
—690
—34
+ 9 .5 4 1
1893.
7 ,1 3 0
1 ,8 6 4
350
105
281
22
119
18
304
1,083
5 ,958
55
175
139
1,269
398
480
922
5 ,7 2 1
416
3 ,4 5 6
481
345
336
295
196
143
170
8
106
19
194
7 .1 2 7
1 ,8 64.
350
105
281
22
119
18
304
1 ,0 8 3
5 ,7 3 1
55
175
139
1 ,2 5 4
398
480
922
5 ,7 2 1
416
3 ,4 5 6
481
345
336
295
196
143
170
8
106
19
194
THE CHRONICLE
4U0
(dross E a r n i n g s .
[
M ile a g e .
N am e o f R oad.
N am e o f R oad.
1892.
1893.
s
9 5 7 ,5 9 2
1 1 9 ,8 8 1
. 2 6 ,6 0 5
2 5 1 ,3 3 7
5 6 ,6 8 5
1 .S 0 C
1 0 ,5 2 1
6 4 6 ,3 0 1
C le v . C in .C h .& St. L . .
P e o r i a & E a s t. D i v .
C l e v e l a n d & M a r ie t t a
C o l. H o c k . V a l. & T o l .
C o l. S h a w . & H o c k . . .
C o lu s a & L a k e ..............
C u r r e n t R i v e r ...............
D e n v . & R i o G r a n d e ..
86,028
D e t . L a n s in g & N o r ..
D u l. S o . S h o r e A A t l . .
1 2 3 ,9 0 3
*E . T e n n .V a .& G a ..
3 5 5 ,6 8 6
E lg in J o lie t & E a s t ..
7 1 ,4 2 9
E v a n s v . A In d ia n a p .
2 8 ,5 1 7
E v a n s. & R ic h m o n d ..
8 ,8 9 2
E v a n s v . A T . H a u t e ..
1 0 2 ,4 8 3
2 0 0 ,9 4 7
F lin t & P e re M a rq . ..
F o r t W o r t h & R i o G ..
2 5 ,1 6 2
G a . S o u th . A F l o r id a .
7 6 171
1 4 4 ,7 7 4
G r .R a p id s A I n d i a n a .
3 4 ,1 1 1
C in . R i c h . & F t . W . .
T r a v e r s e C i t y ..........
3 ,6 5 0
M u s . G r. R . A I n d ..
9 ,2 8 8
tG r . T r u n k o f C a n a d a 1 ,2 3 5 ,3 1 4
tC h ic . & G r . T r u n k ..
2 4 0 ,9 8 6
I D e t .G r .H a v .& M il
7 1 ,5 0 5
G t . N o ,— S. F . M . & M .
7 4 9 ,5 0 5
6 6 ,8 8 0
E a s t e r n o f M i u n .. . \
8 4 ,2 5 5
M o n ta n a C e n tr a l.. 1
12,0 00
H u m e s to n A Shen . . . '
5 ,1 5 4
H u t e b . & S o u t h e r n ..
3 1 ,0 3 2
I n d . D e c . A W e s te rn .
I n t e r n a t ’ l A G t. N o ..
3 5 6 ,2 3 3
1 2 9 ,4 4 8
* I n t e r o c e a n i c (M e x .).
1 3 6 ,6 1 0
I o w a C e n t r a l ................
I r o n R a i l w a y ................
2 ,9 4 0
2 2 ,4 6 8
K a n a w h a A M i c h ___
K a n . C. C lin . A S p j . . .
2 5 ,2 5 6
4 2 4 ,2 3 0
K a n . C. F t. S .& M e m ..
K a n . C. M e m . & B i r . .
1 0 2 ,8 9 1
K eok u k A W estern ...
3 3 ,4 0 5
7 ,0 8 2
L a k e E r ie A ll. & S o . . .
L a k e E r ie & W e s te r n .
2 9 0 ,0 7 7
3 4 ,7 0 1
L e b ig l i A H u d . R i v e r .
L o n g I s l a n d ..................
2 4 0 ,1 2 7
L o u is v . E v a n s . & S t.L
1 4 7 ,1 0 9
L o u is v . A N a s h v i l l e - . 1 ,8 0 9 ,3 4 0
2 1 9 ,6 1 4
L o u is . N . A l b .& C b i e . .
L o u is v . St. L . A T e x .
5 0 ,4 1 6
M a c o n A B ir m in g ’ m .
4 .7 2 5
M a n is t in u e .....................
1 0 ,7 2 9
* M e m p h .A C k a r le s t ’ n
9 6 ,9 3 3
M e x i c a n C e n t r a l........
5 8 9 .3 3 1
M e x i c a n N a t io n a l ___
3 2 1 ,2 4 7
^ M e x ic a n R a i l w a y .. .
1 9 0 .5 6 7
M ilw a u k e e & N o r t h ’ n
1 1 5 ,4 6 6
M in e r a l R a n g e ............
7 ,3 0 8
M in n . A S t. L o u i s ___
1 1 7 ,8 0 4
M in n . S t.P . A S .S te M .
2 2 5 ,9 9 3
M o. K a n s. & T e x .s y s ..
6 4 1 ,3 3 5
M o . P a c , & I r o n M t .. 2 ,1 2 8 .6 7 2
M o b ile A O h io ...............
2 7 1 .1 5 0
N .Y .C e n .A H u d . R i v . . 3 ,2 8 5 ,0 5 2
N . Y . A N o r t h e r n ........
3 9 ,3 6 0
N . Y . O u t. A W e s t ___
2 3 9 ,4 1 5
N o r fo lk & W e s t e r n ...
7 0 5 ,7 4 8
N o r t h e r n P a c i f i c ......... 1 ,1 3 8 .9 8 0
W is e . C e n t, l i n e s . . .
3 3 0 ,3 3 8
O h io A M is s i s s ip p i . . .
3 5 2 ,9 6 7
O h io R i v e r ......................
5 0 ,4 0 0
6 6 ,4 0 0
O h io S o u t h e r n .............
2 2 ,2 8 0
P a d u c. T en n . A A la ..
1 8 ,6 8 7
T e n n e s s e e M id la n d
7 4 ,6 0 1
P e o . D ec. & E v a n s v ..
1 6 7 ,0 7 4
P i t t s b . A W e s t e r n ___
1 9 ,3 4 9
Q u in . O m a h a A K . C . .
R io G ra n d e S ou th ’n .
4 7 ,4 4 4
R io G ra n d e W estern .
1 4 1 ,9 0 0
S a g . T u s c o la & H u ro n
8 .4 1 4
S t. J o s . & G r. I s l a n d . .
1 0 1 ,5 3 4
1 2 3 ,4 6 0
S t. L . A l t . A T . H ..........
4 3 2 ,0 0 0
S t. L o u is S o u t h w e s ’n .
S t. P a u l A D u l u t h ___
1 1 2 ,8 6 3
S a n d e r s v . A T e n n illc .
633
San F ran . A N o. P a c ..
5 0 ,6 0 7
S a v . A m e r . A M o n t ..
4 4 ,5 0 0
S i l v e r t o n .........................
N il.
S i o u x C it y & N o r t h ’ n
3 4 .3 4 8
S o u t h B o u n d ..............
2 2 ,0 0 0
S o u t h C a r o l i n a ............
1 5 3 ,9 1 2
T e x a s A P a c i f ic ............
5 6 5 .3 9 2
T e x . S a b .V .& N o r t h ..
4 ,2 2 1
T o l. A . A r b . & N . M i c b
9 5 .7 1 6
T o l . & O h io C e n tr a l.^
1 6 2 ,8 5 6
T o l. P e o r ia A W est’ n .
7 3 .4 0 0
T o l . S t. L . A K . C it y .
1 3 5 ,9 0 5
W a b a s h ............................. 1 ,0 1 9 ,8 4 6
V e ste rn M a r y la n d . . .
8 3 ,1 7 3
W e s t . N . Y . A P e n n ..
2 6 0 ,5 0 0
W h e e l. A L a k e E r i e . .
9 7 ,3 4 8
In crea se or
1893.
D ecrea se.
$
1 ,1 0 6 ,4 9 6
1 4 1 ,4 2 4
2 3 ,2 9 4
2 2 2 ,3 6 6
4 8 ,5 7 7
1 ,5 5 0
1 4 ,0 2 0
6 7 5 ,3 0 0
9 1 ,8 7 5
1 3 3 .0 9 6
3 8 1 ,8 7 1
6 2 .9 5 3
2 6 ,7 9 2
7 ,2 2 7
9 6 ,3 3 8
2 5 6 ,2 7 6
2 5 ,1 0 7
6 4 ,4 5 0
1 8 4 ,4 6 7
3 8 ,6 2 7
6 ,2 7 9
1 2 ,0 7 1
1 ,3 7 3 ,8 3 9
2 9 2 ,8 4 6
.
9 0 ,8 5 8
8 6 8 ,6 0 8
5 7 ,9 0 6
8 6 ,5 3 1
1 2 ,3 6 9
4 ,8 8 1
3 8 ,5 4 0
2 9 3 ,7 1 8
1 1 4 ,3 2 0
1 5 0 ,2 6 2
2 ,3 8 3
2 6 ,3 3 5
2 5 ,9 6 0
4 2 0 ,3 4 3
1 0 6 ,2 8 2
3 1 ,8 5 0
6 ,4 0 4
2 6 2 ,4 1 9
3 1 ,6 8 7
2 3 2 ,7 1 1
8 8 ,7 6 3
1 ,7 8 4 ,6 5 6
2 2 2 ,8 0 4
5 5 ,2 0 5
7 ,4 7 4
1 2 ,9 5 5
9 0 ,3 9 3
5 9 2 ,3 9 3
3 1 1 ,6 8 1
1 9 1 ,5 4 3
1 2 1 ,9 6 2
1 0 ,0 9 3
1 6 1 ,7 9 2
1 9 6 ,6 6 4
6 2 5 ,0 9 5
2 ,2 0 6 ,0 6 2
3 0 6 ,4 1 5
3 ,5 0 5 ,4 1 5
3 9 ,8 3 2
2 1 6 ,1 6 7
7 1 3 ,5 3 3
1 ,5 3 8 .0 1 8
4 0 8 ,3 0 7
3 3 2 ,5 2 3
4 6 ,2 2 1
5 3 ,7 3 6
9 ,5 6 3
1 5 ,5 1 7
7 2 ,0 5 8
1 9 0 ,0 9 5
2 3 ,3 9 6
4 0 ,7 5 7
1 6 0 ,6 5 0
6 ,9 9 0
9 3 .9 7 5
1 1 9 ,8 2 0
3 7 1 ,7 9 9
1 3 0 ,7 7 8
498
4 8 ,9 7 0
3 9 ,1 6 4
340
3 1 ,3 4 6
1 2 ,6 0 0
1 5 0 ,4 8 5
5 6 4 ,6 8 7
4 ,3 5 5
7 5 .9 7 2
1 2 5 ,3 7 8
8 3 ,3 4 6
1 6 5 ,5 2 1
1 ,0 8 7 ,8 5 0
7 0 ,4 8 6
2 6 6 ,4 4 9
9 6 ,8 2 5
$
- 1 4 8 ,9 0 4
— 2 1 ,5 4 3
+ 3 ,3 2 1
+ 2 S .9 7 1
+ S.10S
4 -2 5 0
— 3 ,4 9 9
— 2 9 ,0 0 0
— 5 ,8 4 7
— 9 ,1 9 3
-2 6 ,1 8 5
+ 8 ,4 7 6
+ 1 ,7 2 5
+ 1 ,6 6 5
+ 6 ,1 4 5
— 5 5 ,3 2 9
+55
+ 1 1 ,7 2 1
— 3 9 ,6 9 3
— 4 ,5 1 6
— 2 ,6 :9
— 2 ,7 8 3
— 8 8 ,5 2 5
— 5 1 ,8 6 0
— 1 9 ,3 5 3
— 1 1 9 ,1 0 3
+ 8 ,9 7 4
— 2 ,2 7 6
—369
+273
—7 ,5 0 8
+ 6 2 ,5 1 5
+ 1 5 ,1 2 8
— 1 3 ,6 5 2
+557
- 3 ,8 6 7
—704
+ 3 ,8 8 7
— 3 ,3 9 1
+ 1 ,5 5 5
+678
+ 2 7 ,6 5 8
+ 3 ,0 1 4
+ 7 ,4 1 6
+ 5 8 ,3 4 6
+ 2 4 ,6 8 4
— 3 ,1 9 0
— 4 ,7 8 9
— 2 ,7 4 9
-2 ,2 2 6
+ 6 ,5 4 0
-3 ,0 6 2
+ 9 ,5 6 6
-9 7 6
— 6 ,4 9 6
— 2 ,7 8 5
-4 3 ,9 3 8
+ 2 9 ,3 2 9
+ 1 6 ,2 4 0
— 7 7 ,3 9 0
-3 5 ,2 6 5
— 2 2 0 ,3 6 3
— 472
+ 2 3 ,2 4 8
- 7 ,7 8 5
— 3 9 9 ,0 3 8
— 7 7 ,9 6 9
+ 2 0 ,4 4 4
+ 4 ,1 7 9
+ 1 2 ,6 6 4
+ 1 2 ,7 1 7
+ 3 ,1 7 0
+ 2 ,5 4 3
— 2 3 ,0 2 1
— 4 ,0 4 7
+ 6 ,6 8 7
— 1 5 ,7 5 0
+ 1 ,4 2 4
+ 7 ,5 5 9
+ 3 ,6 4 0
+ 6 0 ,2 0 1
-1 7 ,9 1 0
+ 135
+ 1 ,6 3 7
+ 5 ,3 3 6
— 340
+ 3 ,0 0 2
+ 9 ,4 0 0
+ 3 ,4 2 7
+705
— 134
+ 1 9 ,7 4 4
+ 3 7 ,4 7 3
- 9 ,9 4 6
— 2 9 ,6 1 6
— 6 8 ,0 0 4
+ 1 2 ,6 8 7
-5 ,9 4 9
+523
1 ,8 5 2
351
106
327
162
1 ,8 5 2
351
106
327
161
22
22
82
1 ,6 4 6
323
589
1 ,2 5 3
177
156
82
1 ,6 3 7
323
589
1 ,2 5 3
177
156
102
102
165
630
144
285
432
165
630
144
285
432
86
86
26
37
3 ,5 1 8
335
189
3 ,6 0 3
72
253
95
82
152
825
520
497
26
37
3 ,5 0 5
335
189
3 ,0 2 7
72
235
95
82
152
825
438
497
20
20
142
163
671
276
148
61
725
90
361
368
2 ,9 3 3
537
166
97
48
330
1 ,8 4 7
1 ,2 1 8
321
362
17
355
902
1 ,7 0 8
5 ,3 7 2
687
2 ,0 9 6
61
477
1 ,5 5 6
4 ,3 7 9
867
636
243
140
119
135
254
352
134
172
501
67
445
239
142
163
671
276
148
61
725
90
361
368
2 ,8 6 0
537
166
97
44
330
1 ,8 0 3
1 ,2 1 8
321
362
17
355
885
1 ,6 7 2
5 ,2 7 8
687
2 ,0 9 6
61
477
1 ,1 0 5
4 ,3 5 5
867
636
215
140
65
135
254
352
134
172
462
67
445
239
1 ,222
1,222
248
3
165
300
248
3
165
220
20
20
96
136
270
1 ,4 9 7
38
284
316
247
451
1 ,9 3 3
221
640
255
96
136
270
1 ,4 9 7
38
284
316
247
451
1 ,9 3 3
205
640
255
* O n ly t h r e e w e e k s o f F e b r u a r y i n e a c h y e a r .
1 F o r fo u r w e e k s e n d in g F e b ru a r y 2 5 .
a I n c lu d e s T o l e d o C o lu m b u s & C i n c i n n a t i i n b o t h y e a r s .
G R O SS E A R N IN G S F R O M J A N U A R Y 1 TO F E B R U A R Y 28.
A t c h . T o n . A S. F e S y s .
S t. L . A S F r a n . S y s . .
C o lo r a d o M id la n d ........
B a lt . A O h io S o u t h w e s t .
B ir m in g h a m A A t la n t ic .
B ir . S h elf. A T e n n . R i v .
B r o o k l y n E l e v a 'e d .........
B n if. R o c k , A P it t s b u r g .
B u rl. C ed . R a p . A N o ...
C a n a d ia n P a c l l l c ..............
1893.
$
5 ,5 6 4 ,1 4 7
1 ,3 4 0 ,7 0 9
2 ^ 5 ,5 7 8
1 6 ,6 0 9
4 2 0 ,9 3 7
5 ,3 5 7
4 2 ,6 7 5
3 Ll ,7 1 L
4 3 1 ,7 3 9
6 2 0 ,2 6 9
2 ,7 9 4 ,5 8 3
1892.
$
5 ,0 3 6 ,9 9 1
1 ,2 4 2 ,3 8 9
3 2 2 ,4 4 5
1 4 ,3 3 0
4 3 6 ,6 8 9
6 ,0 5 9
3 7 ,9 1 5
2 9 0 .8 4 2
4 6 7 ,2 8 9
6 6 s ,308
3 ,0 6 5 ,4 7 1
In crea se.
$
5 2 7 .1 5 6
9 8 ,3 2 0
D e e r e a s t.
$
2 6 ,8 6 7
2 ,2 7 9
1 5 ,7 5 2
702
4 ,7 6 0
2 0 ,8 6 9
...............
1893.
1892.
1892.
T o t a l ( 1 3 1 r o a d s ) .. . 3 6 ,7 2 7 ,5 5 7 3 8 ,0 4 9 ,8 2 8 - 1 , 3 2 2 , 2 7 1 9 2 ,7 9 2 9 0 ,8 8 8
N a m e o f R oad.
fVoL. LVX,
3 5 ,5 5 0
4 8 ,0 3 9
2 7 0 ,8 8 8
C a r o lin a M id la n d ___
C h a r le s t o n C in . & C h ic ..
C h ar. S u m te r A N o rth ’n
C h e sa p e a k e & O h io ..
C h ic . A E a s t ’ n I l l i n o i s . .
C h ic . G r e a t W e s t e r n ___
C h ic . M ilw . & S t. P a u l . .
C h i c . P c o . & S t. L o u i s . .
C h ic . R o c k I s l. & P a c . . .
C h ic . A W e s t M ic h i g a n .
C in . J a c k s o n A M a c k . ..
C in . N .O . & T e x a s P a c . .
A la . G r o a t S o u t h e r n
N .O . & N o r t h e a s t e r n ..
A la b a m a & V ic k s b u r g
V ic k s b . S h re v . & P a c ..
C in c in n a t i N o r t h w e s t ’ n .
C in n . P o r t s . & V ir g in ia .
C o lu m b u s & M a y s v i ll e
C le v e . A k r o n A C o l .........
C le v . C in . C h ic . & S t. L . .
P e o r ia & E a s te r n ...
C le v e la n d A M a r ie t t a ..
C o l. H o c k . V a l. A T o l e d o
C o l. S h a w n e e & H o c k . ..
C o lu s a & L a k e ....................
C u r r e n t R i v e r .....................
D e n y . & R i o G r a n d e ___
D e t. L a n s in g A N o r t h ’ n .
D u l. S o . S h o r e & A t l . . .
* E a s t T e n n . V a . & G a .. .
E lg in J o l i e t A E a s t ........
E v a n s v . & I n d i a n a p o li s .
E v a n s v . & R i c h m o n d . ..
E van sv. & T erre H a u te.
F lin t A P e r e M a r q u e t t e .
F t .W o r t h & R i o G r a n d e
G a . S o u t h ’ n & F l o r i d a ..
G r. R a p id s & I n d i a n a . . .
C in . R ic h . A F fc. W a y n e .
T r a v e r s e C i t y .................
M u s. G r . R . A l u d ___
tG r . T r u n k o f C a n a d a ..
tC h ic . A G r . T r u n k . . . .
tD e t. G r. H . & M il w ...
G r e a t N o r. S t. P . M . A M .
E a s t e r n o f M in n e s o t a .
M o n t a n a C e n t r a l ..........
H u m e s to n A S h e n a n T h
H u t c h . A S o u t h e r n ........
I n d ia n a p . D e c . A W e s t . .
I n t. & G r e a t N o r t h e r n . .
* I n t e r o c e a n ic ( M e x . ) . . .
I o w a C e n t r a l .......................
I r o n R a i l w a y .......................
K a n a w h a & M ic h i g a n . .
K a n . C it y C lin . A S p r . . .
K a n s a s C. F t . S. A M e m ..
K a n . C it y M e m . A B i r . .
K e o k u k A W e s t e r n ........
L. E r ie A l l i a n c e & S o . . .
L a k e E r i e A W e s t e r n . ..
L e h ig h A H u d s o n R i v e r
L o n g I s l a n d .........................
L o u is v . E v a n s v . A S t. L .
L o u is v ille & N a s h v i ll e ..
L o u is v . N . A l b . & C h i c . .
L o u is v ille S t. L . & T e x a s
M a c o n & B i r m in g h a m .
M a n i s t iq u e ...........................
* M e m p h is & C h a r le s t o n .
M e x ic a n C e n t r a l ...............
M e x ic a n N a t i o n a l ............
* M e x ic a n R a i l w a y ...........
M ilw a u k e e & N o r t h e r n .
M in e r a l R a n g e ...................
M in n e a p o lis & S t. L o u is
M in n . S t . P . & S. S te . M .
M is s o u r i K . & T e x , s y s . .
M o. P a c i f ic A I r o n M t . .
M o b ile A O h io .....................
N. Y . C e n t. & H u d . R i v . .
N ew Y o r k & N o r t h e r n ..
N .Y . O n t a r io & W e s t ’ n
N o r f o lk & W e s t e r n ____
N o r t h o r n P a c i f i c ...........
W is c o n . C e n tr a l L in e s.
O h io & M is s i s s ip p i ...........
O h io R i v o r ...........................
O h io S o u t h e r n ..................
P a d u ca h T en n. & A la ..
T e n n e s s e e M id la n d ...
P e o r ia D e c. A E v a n s v .
P itts b u r g & W e s t e r n .. . .
Q u in c y O m a h a & K . C . .
R io G r a n d e S o u t h e r n . . .
R io G r a n d e W e s t e r n ___
S a g . T u s c o l a A H u r o n ..
St. J o s . & G r a n d I s la n d .
St. L . A l t . A T . H .B r ’ c h s .
8 t. L o u is S o u t h w e s t e r n .
8 t. P a u l A D u l u t h ............
S a n d e r s v . & T e n u i l l e .. ..
8 a n F r a n . A N o . P a c i f ic .
8 a v a n . A m e r . A M o n t ..
S i l v e r t o n ...............................
S i o u x C it y & N o r t h e r n .
S o u t h B o u n d .......................
S o u t h C a r o l i n a ...................
T e x a s & P a c i f i c .................
T e x . S a b in e V a l. A N .W .
T o l .A n n A r b o r A N .M ic h
T o l e d o A O h io C e n tr a l a
T o le d o P e o r ia & W e st’ n .
T o l. S t. L . & K a n . C i t y . .
W a b a s h ...................................
W e s t e r n M a r y l a n d ..........
W e s t N . Y . & P a ..............
W h e e lin g A L a k e E r i e . .
T o t a l (1 3 0 r o a d s ) ___
N e t i n c r e a s e ......................
1 0 ,7 4 8
2 5 ,9 0 1
3 7 ,0 0 0
1 , 4 9 7 ,6 9 2
7 0 2 ,1 8 7 |
6 7 7 ,0 4 9
4 ,7 1 6 ,6 2 7
2 1 9 ,1 4 4
2 .7 1 4 .9 1 5
2 4 8 ,7 1 3
1 0 1 .3 6 2
6 2 3 ,6 5 2
3 0 0 ,5 7 7
2 5 2 ,3 8 4
1 0 0 ,8 0 1
1 0 1 .8 0 4
2 ,8 6 7
3 5 ,0 7 5
1 .8 9 3
1 5 2 ,7 9 0
1 ,9 6 4 ,3 5 2
2 4 5 ,2 0 1
5 4 ,9 8 8
5 3 1 ,3 5 7
1 2 1 ,2 8 8
3 ,4 5 0
2 3 ,6 8 4
1 .3 9 4 .9 1 6
1 8 1 ,0 4 5
2 6 5 ,8 0 9
8 5 7 ,5 3 8
1 3 6 ,7 0 3
5 5 .9 3 0
1 5 ,3 4 5
1 9 9 ,3 2 6
4 2 9 ,8 5 5
5 1 ,9 4 4
1 5 7 ,3 7 2
3 2 4 ,6 9 3
6 6 ,8 5 *
7 ,9 9 4
2 0 .7 0 1
2 ,6 1 3 ,2 8 2
4 8 9 ,4 5 6
1 4 5 ,8 9 1
1 ,6 1 8 ,2 3 7
1 6 8 .3 1 7
1 8 1 .2 3 9
2 5 ,6 0 0
1 1 ,4 6 8
7 2 ,8 1 8
7 4 7 ,8 6 3
3 0 1 ,5 6 4
2 8 9 ,2 6 9
5 ,5 6 5
5 0 ,6 4 2
5 4 ,7 4 0
8 6 1 ,1 9 1
2 1 3 ,5 0 2
6 6 ,5 2 0
1 5 ,0 3 3
5 6 2 ,1 2 8
7 8 ,3 5 8
4 7 2 ,4 1 6
2 9 8 ,6 9 0
3 ,6 6 7 ,0 0 9
4 1 6 ,9 0 7
1 0 0 ,6 2 1
9 ,4 4 7
2 3 ,7 3 7
2 4 1 ,0 2 5
1 ,2 2 3 ,9 9 1
7 2 2 ,9 1 0
4 1 5 ,2 1 7
2 4 7 ,0 4 3
1 5 ,1 0 7
2 4 4 ,7 6 0
4 6 2 ,5 2 2
1 ,3 7 3 ,9 6 8
4 ,3 2 0 ,2 0 1
5 7 6 ,3 3 1
6 ,7 4 1 ,3 1 6
8 5 .7 9 0
4 9 4 ,9 5 3
1 ,3 8 9 ,4 9 6
2 ,4 5 6 ,5 7 0
6 7 5 ,4 3 0
7 2 1 ,3 6 4
1 0 5 ,5 0 0
1 3 2 .3 1 8
4 6 ,4 0 6
3 7 ,0 8 9
1 4 5 ,2 5 5
3 2 1 ,7 2 9
4 1 ,6 9 4
1 0 7 ,3 5 0
2 9 4 ,7 9 6
1 6 ,8 8 8
2 0 3 ,9 5 '”
8 8 9 ,8 0 0
2 1 4 ,3 6 1
1 ,1 5 8
1 1 2 ,9 1 0
8 8 ,5 1 8
7 ,2 0 0
6 3 ,1 4 8
4 1 ,0 0 0
2 8 5 ,9 1 2
l , 1 8 0 ,0 0 t
8 ,8 9 200,0113 3 1 ,1 0 1
1 5 1 ,7 0 ^
2 9 7 ,3 9 .
2 ,0 8 3 ,6 7
1 6 7 ,3
5 3 8 ,8 3 *
2 0 0 ,7 9 4
7 6 ,0 9 9 ,0 1 7
9 ,6 0 2
2 6 ,5 5 5
3 0 .0 8 5
1 ,5 1 6 ,1 3 3
60+494
7 2 0 ,3 0 1
4 ,7 2 5 ,0 1 9
2 0 2 ,5 1 6
2 ,6 1 3 ,9 8 3
2 6 0 ,6 7 2
) 0 3 ,2 8 7
6 8 8 ,3 9 9
3 1 5 ,1 7 1
2 L 9 .0 3 1
1 1 4 ,7 6 3
1 1 0 ,8 8 1
3 ,0 6 9
3 1 ,3 6 9
1 ,7 7 9
1 3 6 .3 1 5
2 ,2 0 7 ,1 1 1
2 8 4 ,5 9 9
4 9 ,1 2 9
4 7 3 ,1 1 5
1 0 1 .1 4 6
3 ,1 5 0
2 2 ,7 9 5
1 ,4 0 1 ,6 4 2
1 7 5 ,8 4 6
2 5 7 ,8 4 2
9 0 2 ,4 1 0
1 2 8 ,7 9 9
5 2 ,5 5 7
1 2 ,7 8 3
1 8 6 ,3 1 3
4 9 8 ,3 8 4
4 4 ,3 9 8
1 2 5 ,1 5 0
3 5 3 ,9 0 2
7 1 .0 8 6
1 0 ,2 4 4
2 3 ,2 6 5
2 ,7 1 3 ,0 1 7
5 8 7 ,5 1 5
1 6 8 ,6 7 0
1 ,6 6 7 ,5 5 4
1 1 9 ,9 8 8
1 8 3 .6 0 6
2 7 ,1 7 4
9 ,4 6 1
8 3 ,0 3 6
5 8 3 .3 1 5
2 5 6 ,4 8 3
3 2 4 ,2 1 8
4 ,6 8 5
5 2 ,8 6 0
4 9 ,5 1 6
8 4 2 ,0 8 0
2 0 5 ,7 6 9
In crea se.
$
1 ,1 4 6
D ecrea se
$
*“ *654
“ 6 ,9 1 5
1 8 ,4 4 1
0 3 .6 9 3
43,2*5*2
8 ,3 9 2
1 6 ,6 2 8
1 0 0 ,9 3 2
l i ’959
,
1 ,9 2 5
6 4 .7 4 7
1 4 ,5 7 4
3 3 ,3 5 3
1 3 ,9 6 2
9 ,0 7 7
202
3 ,7 0 6
114
1 6 ,4 7 5
2*42,759
3 9 ,3 9 5
5 ,8 5 9
5 8 ,2 4 2
1 7 ,1 4 2
300
**6*7*26
5 ,1 9 9
7 ,9 6 7
44*87*2
7 ,9 0 4
3 .3 7 3
2 ,5 6 2
1 3 ,0 2 3
* *7 ,5 4 6
3 2 ,2 2 -
6+529
‘ 2 9 ,2 0 9
4 ,2 3 2
2 .2 5 0
2 ,5 6 4
9 9 ,7 3 5
9 8 .0 5 9
2 2 ,7 7 9
4 9 ,3 1 7
4 8 ,3 2 9
“ 2*3*67
1 ,5 7 4
2 ,0 0 7
*1*5,213
1 6 4 ,5 4 8
4 5 ,0 8 1
*34,949
880
**2,2*18
5 ,2 2 4
1 9 ,1 1 L
7 ,7 3 3
* *2,76*7
12,
5 4 6 ,4 0 0
5 8 ,8 7 9
4 6 4 ,0 7 6
1 5 5 ,3 6 3
3 ,3 6 6 ,2 4 0
4 1 9 ,3 7 4
1 0 7 ,7 0 9
1 1 ,9 0 4
2 3 ,7 9 6
2 1 5 ,6 8 0
1 ,2 0 5 ,4 1 5
6 3 4 ,3 9 4
4 5 3 ,1 1 7
2 3 9 ,5 2 8
2 0 ,2 0 6
2 8 8 ,7 1 7
4 2 1 ,9 4 9
1 ,2 4 7 ,7 4 8
4 ,2 9 4 ,0 4 0
5 9 1 ,5 9 3
6 ,8 2 7 ,2 7 5
7 5 ,2 7 9
4 1 1 ,8 1 6
1 ,4 1 3 ,7 9 6
2 ,9 3 5 ,3 5 2
7 6 2 ,1 5 7
6 9 2 ,0 9 7
9 1 ,2 7 3
1 1 7 ,3 9 8
1 6 ,0 0 1
2 3 ,1 7 7
1 3 9 ,9 2 4
3 3 5 ,0 0 8
4 8 .3 5 2
8 2 ,8 9 4
3 4 3 ,9 2 6
1 4 ,2 6 4
1 9 0 ,^ 8 8
2 2 *,921
7 2 3 ,6 7 3
2 5 2 ,1 8 0
965
9 7 ,6 5 5
7 2 ,2 0 0
6 ,8 6 0
6 6 ,4 3 5
2 4 , LOU
2 6 5 ,0 7 5
1 ,1 1 0 ,3 8 2
7 ,9 4 5
1 5 2 ,2 9 2
2 6 7 ,5 2 2
1 7 1 ,7 1 3
3 3 '\ 9 8 6
2 ,2 1 6 ,0 1 0
1 3 0 ,5 6 9
5 1 6 ,0 5 3
1 9 5 ,2 7 1
7 5 ,5 6 0 ,0 7 1
2 ,5 2 6
1 5 ,7 2 8
1 9 ,4 7 9
8 ,3 4 0
1 4 3 ,3 2 7
3 0 0 ,7 6 9
” 2 .4 6 7
7 ,0 8 8
2 ,4 5 7
59
2 5 ,3 4 5
1 8 .5 7 6
8 8 .5 1 6
7 ,9 0 0
7 ,5 1 5
**5,6*99
4 3 ,9 5 7
4 0 ,5 7 3
1 3 1 ,2 2 0
2 6 ,1 6 1
1 5 ,2 6 2
8 5 ,8 7 9
1 0 ,5 1 1
8 3 ,1 3 7
2 4 ,3 0 0
5 2 8 .7 8 2
8 8 ,7 2 7
2 9 ,2 6 7
1 4 ,2 2 7
1 4 ,9 2 0
3 0 .4 0 5
8 ,9 1 2
5 ,3 3 1
1 3 ,2 7 9
6 ,6 5 8
2 5 ,0 5 6
49*130
2 ,6 2 4
1 8 ,3 6 9
2 6 ,6 0 9
1 6 6 ,1 2 7
7 ,S 1 9
193
1 5 ,2 3 5
1 6 ,3 1 8
340
1 ,7 1 3
1 6 .9 0 0
2 0 ,8 3 7
6 9 ,6 1 8
949
4 T,7 2 I
6 3 ,5 8 0
1 7 ,0 0 9
3 3 ,5 9 6
1 3 2 ,3 3 5
3 6 .8 2C
2 2 .7 8 1
5 ,5 2 3
2 , 9 6 3 ,6 3 5 2 ,4 2 4 ,3 2 5
5 3 9 ,3 1 0
* O n ly t h r e e w e e k s o f F e b r u a r y i n e a c h y e a r ,
i T o F eb ru a ry 25.
a I n c lu d e s T o l e d o C o lu m b u s & C i n c i n n a t i i n b o t h y e a r s ■
THE CHRONICLE.
March 11, 1893.1
Stock
E x c h a n g e C l e a r in g -H o u s e
T r a n s a c t i o n s . —The
subjoined statement includes the transactions o f the Stock
Exchange Clearing-House from Feb. 27 down to and includ
ing Friday, March 10; also the aggregates for May (from 17th
ta 31st), June, July. August, September, October. Novemb r
and December, 1893, and January and February, 1S93.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.
----------B a la n c e s , o n e s id e .---------. Sh eets
S T x r c s . V a lu e S h a r es . C a sh . C l e a r 'd .
$
$
,— S h a r e s , both s id e s .— .
C le a r e d .
T otal V a lu e .
M o n th —
$
1892.
May.......
J u n e ..........
J u ly ...........
A u g u s t ....
e p t ...........
O c t o b e r ..
N o v e m b ’ r.
D e c e m b 'r .
1893.
J a n u a r y ..
F ebruary
8
4 731,000
256.200,001
16.684,000 1,011,048,200
9,807,800
699,313.200
13,9'.18.480
977,583,000
18,&57.*00 1,2(58.000.000
20.726.300 1,358.733,000
16,519,200 1.113.800,000
25,221,100 1,758,000,000
445.000
1.598,750
1,120 100
1 657,400
2.055.800
2.325.800
1,831,500
2,687,300
22.501,500
94,566,700
74,186,100
107,380.900
128,603.500
148.622.000
128,975,000
192,500,000
298,300
1,433,971
974,700
1.301,600
1,697,506
1,761.400
1,417,800
2,317,400
2.190
5,885
5,886
6,183
6,252
f,8 6 2
5,700
6,60.)
28.544.5^0
25,108,^00
3,000.000
2,587,900
210,700.000
172,701,000
3 .300,500
3,529,000
6,839
0,151
2,034.709,000
1,714,400,000
—S h a r e s , both s id e s .— *
C le a r e d . T otal V a lu e .
s
F e ll. 2 7 . . 2 , 7 8 7 , 3 0 0 1 7 7 ,6 0 0 ,0 0 0
“ 2 8 . . 1 ,5 1 9 ,3 0 0 9 7 ,8 0 0 ,0 0 0
W ell. 1 .1 ,2 3 4 ,2 0 0 7 9 , 3 0 0 ,0 0 0
“
2 . 1 , 7 4 1 , 3 0 0 1 3 1 ,3 0 0 ,0 0 0
“
3 . 1 , 0 9 3 , 6 0 0 7 5 ,0 0 0 ,0 0 0
--------- B a la n c e s , o n e s id e .----------- S h eets
S h a r es . V a lu e S h a r es . C a s h .C lc a r 'd .
T o t . w k . .8 ,4 1 3 ,7 0 0 5 6 1 ,0 0 0 ,0 0 0
M a r . 6 . . 1 ,6 8 5 ,6 0 0 1 3 4 ,7 0 0 ,0 0 0
“
7 . 1 ,2 2 4 ,2 0 0 8 4 ,5 0 0 ,0 0 0
“
S . . 1 ,4 4 6 ,5 0 0 1 0 3 ,9 0 0 ,0 0 0
“
9 . . 8 6 2 ,2 0 0 5 7 ,1 0 0 ,0 0 0
“
1 0 . . 7 5 2 ,4 0 0 4 7 ,6 0 0 ,0 0 0
9 1 4 ,1 0 0 5 7 ,5 0 0 ,0 0 0 1 2 4 0 ,4 0 0
1 6 1 ,0 0 0 1 1 , 2 0 0 ,0 0 0 1 7 3 ,5 0 0
9 , 1 0 0 ,0 0 0 2 0 1 ,2 0 0
1 3 9 ,1 0 0
1 5 4 ,8 0 0 1 0 ,6 0 0 ,0 0 0 1 8 8 ,5 0 0
8 5 ,3 0 0
6 ,3 0 0 ,0 0 0
9 5 ,8 0 0
7 7 ,5 0 0
5 ,0 0 0 ,0 0 0
8 6 ,2 0 0
1 ,7 1 4
346
300
340
313
6 3 6 ,9 0 0 4 2 , 2 0 0 , 0 0 0
1 ,6 3 3
T o t , w k . 5 , 9 7 0 ,9 0 0 4 2 7 ,8 0 0 ,0 0 0
2 9 5 ,4 0 0
1 6 9 ,4 0 0
1 4 2 ,1 0 0
1 9 2 ,7 0 0
1 1 4 ,5 0 0
9
s
1 6 ,1 0 0 ,0 0 0 3 7 1 ,7 0 0
1 0 ,GOO,0 0 0 1 8 6 ,3 0 0
9 , 0 ) 0 , 0 0 0 1 7 1 ,4 0 0
1 4 ,1 0 0 ,0 0 0 3 7 3 ,7 0 0
7 , 7 0 0 ,0 0 0 1 3 7 ,3 0 0
7 2 6 ,0 0 0
359
313
341
342
329
303
The stocks cleared now are American Sugar common,
Atchison, Chicago Burlington & Quinay, Chicago Gas, Chi
cago Milwaukee & St. Paul eomtnoo, Chicago Rock Island
& Pacific, Distilling & Cattle Feeding, Louisville & Nashville,
Missouri Pacific, New York & New England, New York Lake
Erie & Western, Northern Pacific preferred, National Lead
common, Philadelphia & Reading, Union Pacific and Western
Union.
H&oaetargf ©uramerctal gwjUsft 44ew:a
[From our own correspondent. ]
L ondon, Saturday, February 25, 1893.
Owing t ) the large revenue collections and the payment of
dividends by the principal railway companies, the value of
money in the open market has decidedly risen this week. The
rate of discount is about 2 per cent, and at the Stock Exchange
setilement, which began on Wednesday morning, the banks
were able to obtain from 2 % to 3 per cent from Stock Ex
change borrowers. Furthermore, some applications had to
be made to the Bank of England for assistance. The rise,
however, is temporary. The dividend payments are nearly
over, and about the middle of March the disbursements from
the Treasury will begin to exceed the receipts. The Bank of
England, too, is very strong. The coin and bullion amount to
about 2 7 % millions sterling, and the reserve exceeds
19 millions sterling, being over 51 per cent of the
liabilities. The Continental demand for gold is smaller than
it was, though it has not quite ceased, and shipments to South
America have begun. The break in Readings has not had
much influence upon our market.
The price of silver has fluctuated during the week between
and d S % d . per ounce. There is still a good demand
both for the metal and for India Council bills and telegraphic
transfers for India, but there is little dealing except to sup
ply immediate requirements. Every one is waiting upon
the decision of Congress as to whether the Sherman Act is to
be repealed or not Probably the action of the Indian Gov
ernment will be determined by the course of events in the
United States. Up to the present time Lord Herschell’s Com' mittee has not been able to agree upon a report. It sat for
over five hours on Wednesday without coming to an agree
ment. It is generally understood that four members are in
favor of a gold standard for India and three against any
change. The gold standard men are Mr. Currie, of Glyn,
Mills, Currie & Co., a member of the India Council; Mr.
Godley, Permanent Secretary at the India office; General
Strachey, formerly in the Indian service and now Chairman
of the East Indian Railway Company, and Sir Thomas Farrer, formerly Permanent Secretary of the Board of Trade.
Three out of four, according to the generally accepted re
ports, are thus directly connected with the Indian Govern
ment. The opposition consists of Lord Herschell, Sir R.
Welby, Permanent Secretary of the Treasury, and Mr. Court
ney, M, P., all unconnected with I.idia,
401
The general belief is that the losses here will not be serious
caused by the break in Readings, Northern Pacifies 3n l in
dustrials. For 2 % years the public here has been selling on^a
great scale, and the inference is that the holdings of American
railroad securities are smaller than they have been for the
past quarter of a century. Of course investors still hold very
large quantities, but the amount carried on borrowed money
is believed to be quite trifling. So far as the general public is
concerned there is hardly room for doubt that they have been
keeping aloof from the market for a long time past. The
losses, therefore, will be confined within very narrow limits.
A few brokers here and in Glasgow and Liverpool have
failed, but none of them were very prominent, and it is
hoped that a few more who have suffered will get
what assistance they need. The incident, however, has
made a bad impression on investors, and it will be a consider
able time before the public will again recover courage
to deal largely. More and more the inclination grows to avoid
shares and to confine purchases to good bonds. Investment in
those will, no doubt, grow when the market settles down. There
was very influential buying early in the week of Readings and
Northern Pacific, but the purchases were by very wealthy cap
italists. The general market has stood the strain wonderfully
well, althdugh, of course, there has been a general decline in
prices, not in the American department only but in British rail
way stocks likewise and in miscellaneous securities. At the
fortnightly settlement it was found that the “ bear ” speculation
bad nearly come to an end. Stock in all departments was
much more plentiful than it had been for months past, and
there were very few backwardations. Brazilian securities
have well maintained their prices, but there has been a gen eral decline in Argentine. The Argentine Government has
replied to the Rothschild Committee that, although the railway
companies have not fulfilled their obligations, it is exerting
itself to the utmost to pay the guarantees. The reply does
not mean much, but it is an admission of the principle con
tended for by Lord Rothschild’s Committee, that the Govern
ment is bound, quite apart from the action of the railway
companies, to make good its own guarantees. The delay in
paying the guarantees is discouraging investors, and prices
have generally declined. Upon the Continent there is firm
ness in Paris, Berlin and Vienna, although the fear is growing
that the Spanish Government will not be able to tide over its
difficulties, and it is officially admitted that cholera, in spite of
the severe winter, has again broken out in Russia. There has
been a sharp fall during the week in Irish stocks. Bank of Ire
land stock in particular has fallen about 14 within a fortnight.
Guinness’s Brewery stock has likewise declined considerably,
and Irish railway stocks have given way a'so. The generally
accepted explanation is that the fall is due to the introduction
of the Home Rule bill, though it is believed that it has been
partly brought about by forced selling on the part of opera
tors who have suffered heavy losses in American securities.
So far as Bank of Ireland stock is concerned probably the
Home Rule Bill is the chief cause. The stock holders are
mostly Conservatives, and therefore opposed to Home Rule;
and besides it is thought probable that when Home Rule is
established the Bank will have to vacate its present premises,
which were formerly the Irish Parliament House. Of course
the Bank will receive compensation, but then it will have to
find new premises. Furthermore, it is doubted whether the
relations between the B ink and the new Government will be
as favorable as those between the Bank and the Imperial
Government.
It is hoped now that the threatened strike in the South
Wales coal trade is averted. The Miners’ Federation of Great
Britain is still exertiDg itself to prevent the settlement, and a
minority of the miners is with i t ; but the local leaders are all
against continuing the dispute, and it is thought probable
that their influence will prevail. There is a prospect, too, of
a settlement of the cotton strike. The operatives offered to
accept a reduction of 2 % per cent in wages for three months,
a new arrangement then to bs come to. The employers re
fused ; but another meeting was held on Thursday, when the
employers offered to accept the 2 % per cent reduction for
thi’ee months if a further reduction of 244 per cent were
agreed to at the end of the period. The operatives declined,
but the general expectation is that they will have to give
way.
The prolongation of the Baring guarantees :s at last com
pleted, only one guarantor standing out. The prolongation is
THE CHRONICLE
402
to date from November next for a year certain, and for a
second year if the Bank of England chooses. The guarantees,
when renewed, are to be reduced to 25 per cent of what they
were originally.
On Monday the new Austro-Hungarian loan for 5 millions
sterling is to be brought out in Austria-Hungary, Germany,
Holland, Belgium and Switzerland. Principal and interest is
re-payable in gold, bearing 4 per cent interest, and the issue
price is 98J^. There are three millions sterling of gold still to
be obtained on account of the loan, but it is hoped that then
the accumulation of gold will stop, at all events till next year.
There is a strong inclination now among the most influen
tial capitalists interested in Argentina to send out delegates to
negotiate with the Argentine Government, the idea being to
ask the British Government for two financial experts o f high
reputation who should be delegated by it to examine and re
port upon the finances of the country*
The following return shows the position of the Bank c f
England, the Bank rate of discount, the price o f consols, &c,,
®anapared with the last three years :
F O R E IG N IM P O R T S A T N E W Y O R E .
F o r W eek .
1891.
[
$ 4 ,3 2 9 ,5 4 9
7 , 9 5 7 ,7 1 9
T o t a l .............
S in c e J a n . 1.
J r y G o o d s .........
i e n ’ l m e r’ d is e .
$ 1 2 ,2 8 7 ,2 6 8
$ 1 0 ,8 8 1 ,0 5 3
$ 3 4 ,4 8 1 ,9 7 9
5 6 ,6 0 0 ,1 4 7
I\>cal9 w e e k s ..
$ 9 1 ,0 3 5 ,1 2 6 !
$ 2 ,6 5 4 ,8 9 4 !
8 ,2 2 6 ,1 5 9 j
3892.
1893.
$ 2 ,9 4 1 ,1 2 1
9 ,1 6 7 ,4 9 6
$ 3 , 5 1 1 ,2 1 0
1 2 ,2 3 4 ,3 0 8
$ 1 2 ,1 1 1 ,6 1 7
»
$ 2 7 ,4 1 2 ,0 0 4
6 8 , 7 6 2 ,3 7 3
$ 1 5 ,7 4 5 ,5 1 8
$ 2 8 ,5 5 1 ,4 5 7
6 5 , 8 1 7 ,2 8 7
$ 9 4 ,3 6 8 ,7 4 4
$ 9 6 ,1 7 4 ,3 7 7 $ 1 1 6 ,7 7 3 ,1 6 7
$ 3 2 ,3 7 2 ,3 5 3
8 4 ,4 0 0 ,8 1 4
The imports of dry goods for one weak later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 7 and from January 1 to date :
EXPO RTS FROM N E W Y O R K
1890.
FOR THE W E E K .
1891.
(1 8 9 2 .
1893
F o r th e w e e k ..
P rev. r e p o r t e d .
$ 7 ,1 1 6 ,8 7 4
5 5 ,9 7 6 ,6 1 5
$ 8 ,6 2 9 ,3 7 6
5 1 ,3 2 4 ,6 1 8
$ 7 , 2 3 0 ,5 3 0
6 7 , 5 3 3 ,7 6 3
$ 5 ,6 9 0 , 4 1 0
5 2 ,0 9 7 ,5 8 8
T o t a l 9 w e e k s ..
$ 6 3 ,0 9 3 ,4 8 9
$ 5 9 ,9 5 3 ,9 9 4
$ 7 4 ,8 1 4 ,2 9 3
$ 5 7 ,7 8 7 ,9 9 8
Thefollowing table shows the exports and imports o f specie
at the port of New York for the week ending March 4 and
since Jan, 1, 1893, and for the corresponding periods in 1812
and 1891:
E X P O R T S AND IM P O R T S O F S P E C IE A T N E W Y O R K .
E x p o rts.
I m p o r ts .
G o ld ,
W eek .
$ ...............
(Germany.....................
West I n d ie s ...................
ifex ioo.........................
South A m e r ic a ............
All other coun tries..
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-five weeks of the
season compared with previous seasons :
Total 1 8 9 3 .............
Total 1 8 9 2 .............
Total 1 8 9 1 .............
5 1 1 ,9 8 0
1 6 1 ,1 0 0
S i n c e J a n . 1.
$ 5 0 0 ,4 2 5
1 5 ,9 0 0 ,0 0 0
6 ,7 7 5 ,0 0 0
1 ,5 9 2 ,0 6 3
8 ,6 6 5
6 0 6 ,4 9 5
1 ,0 0 0 ,0 0 0
$ 6 7 3 ,0 8 0 $ 2 6 ,3 8 2 ,6 4 8
9 ,1 1 7 ,6 1 3
3 ,6 6 1 ,2 6 5
9 0 4 ,5 4 1
5 ,3 1 5 ,0 4 3
E x p o rts.
IM P O R T S.
W eek .
S in ce J a n .l
$ .............
$.
1 ,3 0 0
413
1 ,4 0 0
4 ,1 2 2
100
3 7 ,8 4 2
1 9 ,1 9 3
1 0 0 ,8 0 7
1 7 ,6 1 2
$ 6 ,0 3 5
4 4 6 ,7 2 0
1 3 9 ,6 8 1
$ 1 7 6 ,7 5 4
2 ,9 6 3 ,3 8 2
1 ,0 9 6 ,4 0 9
I m p o r ts .
S ilv er.
1 8 9 1 -9 2 .
3 7 ,1 9 1 ,1 3 4
1 1 , 9 9 1 ,8 2 3
7 , 3 4 1 ,5 0 7
1 , 6 9 1 ,1 6 3
1 ,8 8 3 ,4 5 6
1 2 ,0 5 0 ,7 3 1
9 ,1 1 2 ,4 2 5
1 8 9 0 -9 1 .
2 7 , 8 7 9 ,2 7 2
1 1 ,9 4 2 ,7 3 7
6 ,4 6 1 ,0 4 6
9 6 6 ,7 2 5
1 ,6 5 3 ,4 4 0
1 3 , 0 9 8 ,9 9 9
7 ,3 3 0 ,7 4 7
1 8 9 1 -9 2 .
3 7 ,1 9 1 ,1 3 4
9 ,1 1 2 ,4 2 5
1 6 , 4 3 8 ,0 1 6
1 8 9 0 -9 1 .
2 7 , 8 7 9 ,2 7 2
7 ,3 3 0 ,7 4 7
2 0 ,3 3 5 ,2 7 6
Dreat B ritain............
Franoe.........................
5 5 ,5 4 5 ,2 9 5
1 8 9 0 -9 1 .
32a. 3d.
32a. 3d.
$ 6 0 7 ,6 2 5
1 4 ,3 0 0
West In d ies................
Mexico.........................
South A m e r ic a .........
All other cou n tries..
660
Total 1 8 9 3 .............
Total 1 8 9 2 .............
Total 1 8 9 1 ............
1 8 8 9 -9 0 .
2 6 ,6 8 0 .9 6 8
8 ,2 8 6 ,1 8 7
2 6 , 1 6 1 ,0 7 1
T o t a l ........................ 5 5 , 7 2 9 , 2 7 0 6 2 ,7 4 1 ,5 7 5
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
f i v e r , p r i c e w h e a t w e e k .2 5 s . 7 d .
32a. I d .
A v e r a g e p r io e , s e a s o n ..2 7 s . 4 d .
36a. 2d.
S i n c e J a n . 1.
W eek .
1 8 8 9 -9 0
2 6 ,6 8 0 ,9 6 8
9 ,2 8 3 ,1 0 8
6 ,7 2 9 ,8 0 9
9 0 5 ,2 0 4
1 ,7 4 7 ,2 1 1
1 4 , 8 1 5 ,1 8 2
8 , 2 8 6 ,1 8 7
Supplies available for consumption (exclusive of stocks or
*3eptember 1) :
1 8 9 2 -9 3 .
‘ W h e a t ..................... o w t .3 1 ,3 6 3 ,0 5 1
E m p o r i a o f f l o u r ...........1 0 , 5 5 0 ,6 1 7
► laics o f h o m e - g r o w n . 1 3 ,8 1 5 ,6 0 2
1890.
D ry G o o d s ........
4 e n ’l m e r ’d is e .
1892.
1891.
18C0.
1893.
Feb 26.
Feb. 24.
Feb. 22.
Feb. 25.
£
£
£
£
23,059,800
24,590.555
22,015,300
C i r c u la t io n .......................................... 24,511,490
13,027,900
10,751,104
9,702,030
8,271,737
P u b l i c d e p o s i t s .............................. .
28,409,885
24,595,811
28,078,745
O t h e r d e p o s it s .................................. 23,909,724
12,435,231
13,763,594
10,500,197
o r e m i n e n t s e c u r i t ie s ................. 11,227,252
28,759,815
31,191,298
22,970,519
■O ther s e c u r i t ie s .................................. 25,023,336
10,148,244
19,170,014
10,719,759
16 810,604
■ R eserv e .................................................
24,800,314
23,313,544
2 3,436,464
C o in , a n d b u ll io n ................................ 27,237,504
51 5-10
41 1-10
47 5-10
38«
§ * r o p . a s s e t s t o li a b i li t ie s ,p e r c t .
3
3
5
R a n k r a t e ................................p e r c t .
95 15-10
90 15-16
97%
98 11-10
C o n s o ls
p e r c e n t .......................
122,308,000 120,605,000 124,307,000 124,790,00 0
C l e a r i n g - I I c u s e r e t u r n s .............
1 8 9 2 -9 3 .
S j s m o r t B O f w h e a t .o w t .3 1 ,3 6 3 ,0 5 1
B a r l e y ............................... 9 , 4 0 5 ,6 1 3
O a t s .................................... 6 ,3 2 4 ,7 7 7
IP e a s ................................... 1 ,2 6 3 ,6 5 9
Q e a n s ................................ 2 ,3 1 6 ,0 9 5
E n d ia n c o r n ................... 1 3 ,9 8 5 ,8 9 7
SFlOur................................. 1 0 ,5 5 0 ,6 1 7
[V ol . LV.
$ 6 2 2 ,5 8 5
5 3 5 ,7 9 3
5 9 0 ,5 2 4
W eek .
S in c e J a n .l .
$ 4 ,7 4 1 ,1 7 5
1 0 9 ,0 0 0
$
4 0 3 ,3 7 0
$
7 8 7 ,4 4 0
1 9 5 ,6 8 9
660
1 8 ,3 0 8
8 ,1 4 2
428
1 8 8 ,7 6 0
3 ,3 6 6
1 ,8 5 8
6 0 7 ,3 6 0
7 7 ,2 3 0
1 8 ,5 1 8
$ 5 ,0 7 2 ,9 7 4
4 ,7 1 2 ,9 3 2
3 ,5 5 9 ,0 0 7
$ 5 9 5 ,9 2 4
3 0 ,7 5 9
1 0 9 ,0 8 4
$ 1 ,4 9 2 ,4 0 6
2 8 1 ,7 8 3
4 3 4 ,7 7 6
6 1 , 1 2 8 ,2 2 6
1 8 8 9 -9 0 .
29a. 9 d 3 0 a . O d.
The Illin ois Steel Company.—This company has lately
published its fourth annual report, being for the year ending
Dec. 31, 1892, and announced dividend No. 4 of 13 51 per cent
of scrip of the company payable March 10 and redeemable
April 1, 1913, in cash without interest. Also dividend No. 5 of
The following shows the quantities of wheat, flour and 5 per cent payable April 1, 1893, in cash.
► m aize afloat to the United Kingdom :
On a subsequent page will be found the company’s applica
T h is w e e k
L a s t w ee k .
tion to the New York Stock Exchange made on the listing this
1892.
1891.
W h e a t .....................q r s . 2 , 7 0 8 ,0 0 0
2 ,6 2 4 ,0 0 0
2 ,5 1 5 ,5 0 0
1 ,6 5 4 ,5 0 0 week of its stock and debenture bonds.
B le u r , e q u a l t o q ra .
4 0 4 ,0 0 0
4 0 8 ,0 0 0
4 2 5 .0 0 0
3 7 3 .0 0 0
The Illinois Steel Company is so large a corporation
M a i z e ...................... q r a .
3 4 5 ,0 0 0
2 7 7 ,0 0 0
3 6 9 .0 0 0
2 8 0 .0 0 0
that an understanding of its position can not well be obtained
without a careful study of its inception and development.
B a z l l a h P l a a a c l a l itta r tr e i* — P e r o a o i e .
The daily closing quotations for securities, &c., at London On the 2d of May, 1889, the present company was formed
are reported by cable as follows for the week ending Mar. 10 : by a consolidation of the North Chicago Rolling Mill Com
pany with the Union Steel Company, and the purchase of the
Joliet Steel Company. The I r o n A g e o f Feb. 16, on page 272
S a t.
L ondon.
M on.
T u es.
W ed. T h u r s.
F r i.
had an article upon this company and its physical condition,
3 8 3 16
S i l v e r , p e r o z .................... d 3 8 H e
3S H
in which it gave many details of value as to its great capacity
38S16 3 8 %
3 8 “ ie
« D o n a o ls ,n e w , 2 % p e r eta. 9 8 ° i e
98
981x6
98H e
9 8 1 .6
and drew attention to the interesting fact that the output of
98H 6
do
f o r a c c o u n t . ......... 9 8 9 ,e
9 8 9 1e
98k,
98%
9 8 .1 6
this company for 1892 was greater in tonnage than that of all
W e l l r e n t e s (in P a r i a ) f r . 9 8 -5 0
9 8 -3 7 k i 9 8 -4 0
9 8 -0 7 X 9 7 -8 o
3
97& #
Sweden, or Belgium or Russia, showing that a single Amer
<ST.tl. 4a o f 1 9 0 7 ................
8 6 7e
C a n a d i a n P a c i f i c ...............
87%
87=8
875s
ican company of comparatively recent establishment distances
O h io . M il. & S t. P a u l . . . . 7 9
78ia
7 9 i3
79
or rivals whole European countries whose achievements in the
102
SIlEnoia C e n t r a l .................. 1 0 2 %
101%
lO H s
manufacture of iron and steel have been famous for years.
130%
129%
13012
S la k e S h o r e ........................... 13012
J L on ia v ille & N a s h v i l l e . . 7614
7 6 76
77%
76%
With this proof of the ability of the company to fully meet
66%
67
M e x i c a n C e n t r a l 4 a ........
66%
66 s
4
demands that may be made upon its physical capacity, it is
112
111% 112
a t . Y . C e n t r a l & H u d s o n . 112
of interest to turn to its financial condition and notice the
22
W . Y . L a k e E r ie & W e a t’ n 2 2 %
■
2214
22%
102 %
102% 10 2 %
do
2 d e o n s ..............j 102 %
plans lately made by which the officers of the company pro
e r fo ik & W e s te rn , p r e f. 3 3
3 3 i2
34%
33%
posed to place it in a position of such strength as to success
41
397s
(N o r t h e r n P a c i f ic p r e f . . . 4 0 %
41%
fully control the Northwestern markets and at the same time
54%
54%
E ? e n n s y lv a n ia ...................... 5 4 is
55
gave to its stockholders a just proportion of its net earnings
P h U e d e lp h ia & R e a d in g . 1312
12%
12%
12=8
38%
'.U n ion P a c i f i c ....................... 3 8 1 i
39%
38iQ
for the two years last past, without increasing too greatly the
24%
25%
W a b a s h p r e f ................... ..
2 4 78
24%
obligations of the compauy.
Since its organization in 1889 the company has paid divi
3
0
dends as follows :
Commercial amt $ttscellauc us Hews
N a t i o n a l B a n k s .— The f o l l o w i n g
c a c e n t ly - b e e n o r g a n i z e d :
4 , 8 5 5 —T k e F r a n k li n N a t io n a l B a n k o f
C a p it a l, $ 2 0 0 ,0 0 0 . P r e s i d e n t .
N a t h a n D . D a b o l l.
* 4 ,8 6 6 — T h e C o m m e r c ia l N a t io n a l B a n k
$ 5 0 ,0 0 0 .
P r e s id e n t, L u th e r B .
n a tio n a l
banks
have
t k e C it y o f N e w Y o r k N Y
C h a r le s P . J a m e s : C a s h ie r
$ 7 0 3 ,4 0 0
5 3 7 ,7 8 8
8 8 8 ,1 3 0
T o t a l ............................................. - .............................................................. $ 2 ,1 2 9 ,3 1 8
’
o f B e e v il le , T e x a s
C a p it a l
C r e a t k ; C a s h ie r , D. C. S t o n e ’
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following are
the imports at New York for the week ending for dry goods
March 2 and for the week ending for general merchandise
M arch 3 ; also totals since the beginning of the first week in
January.
N o . 1 i n c a s k .....................................................................................................
N o . 2 in c a s k .....................................................................................................
N o . 3 i n s t o c k ...................................................................................................
These payments being made in the years 1889 and 1890.
No dividends were paid during 1891 and 1892, but in that
period together with surplus brought forward the company
earned net as follows :
1891
...........................................................................................$1,038,776
1892
.......................................................................................... 2,019,268
Surplus brought forw ard from 18 90..........................................
930,518
T o t a l ............................................................................................................... $ 3 ,9 7 3 ,5 6 2
*•
THE CHRONICLE.
M arch 11, 1893, j
Equal to about 20 per cent on the outstanding capital stock of
$18,650,635 for the period named.
The growth and requirements of the company having ren
dered it necessary to considerably increase from time to time
its plant aud works, the net earnings have been largely ap
plied in this direction, the wisdom of such a course apparently
showing itself in the increased earnings of 1892 over the pre
ceding year, made possible by the betterments referred to. It
is further necessary to expend upon the property a consider
able sum in order to complete the new open-hearth plant and
plate mill now under construction, and for the erection and
equipment of a new structural mill and universal mill to
meet the growing demands of the company’s business ; it is
also necessary to provide additional working capital for the
operation of these new mills. The board of directors de
cided to issue and sell to the stockholders $7,000,000 of nonconvertible debenture bonds, dated April 1, 1893, running 20
years, bearing interest at the rate of 5 per cent per annum.
The present issue of convertible debenture bonds outstand
ing is $6,200,000, which will make with the new issue of
$7,000,000 non-convertible bonds authorized a total debenture
indebtedness of $13,200,000, making an interest charge ahead
o f the stock of $660,000, which is equal, as will be noted, to
only about one-third of the annual net earnings during the
past three and one-half years. In connection with the new
issue, the scrip dividend takes an important part, being receiv
able on or before April 1, 1893, at par in payment for 36 per
cent of the par value of the debenture bonds, the remaining
• per cent to be paid in cash.
64
The plan as adopted by the boird of directors commends
itself as one which could not have been evolved without cire
ful study, a thorough appreciation of the future needs of the
■company and also a sense of what is due to the stockholders.
This question of the re-investment of net earnings in the
development, extension and betterment of various corporate
properties has led to considerable disagreement between
stockholders and their representatives in the management,
and in many cases the demands have led to increased issues
•of capital stock, which once outstanding must always be a
liability against the issuing company. In the case of the
Illinois Steel Company, however, the question of an equitable
distribution of net earnings seems to have been well met, giv
ing to the stockholders as it does a cash dividend o f 5 per cent
and the privilege to subscribe to a proportion of the debenture
issue at a reasonable price. The company also has an advan
tage in the adoption of its debenture plan, as it creates an
issue payable in twenty years and at the same time reserves
to itself the right to repay the entire series on any semi
annual interest day by giving ninety days’ notice of its inten
tion so to do.
The company with its large resources, with the facilities it
has for obtaining raw material at the lowest cost, the
•economy of its production under its improved plant and a
sufficient working capital, seems to have every prospect of
reaping the full benefits from a large business.
New York Stock Exchange—New Securities Listed.—The
Governing Committee of the New York Stock Exchange have
listed the following securities :
C h e s a p e a k e & O h i o R a i l w a y . — $ 1 5 8 ,0 0 0 a d d it i o n a l fir s t c o n s o l
id a te d m o r tg a g e 5 p e r c e n t c o u p o n g o ld b o n d s a n d r e g is te r e d b o n d s
i n t o w h ic h t h e y m a y b e c o n v e r t e d , m a k i n g t h e t o t a l a m o u n t lis t e d
$ 2 3 ,3 3 3 ,0 0 0 .
C i n c i n n a t i I n d i a n a p o l i s S t . L o d i s & C h i c a g o R a i l w a y .— $ 3 6 0 ,0 0 0 a d d it io n a l g e n e r a l fir s t m o r t g a g e 4 p e r c e n t g o l d c o u p o n b o n d s ,
m a k i n g t h e t o t a l a m o u n t l is t e d $ 7 ,7 9 0 ,0 0 0 .
C o n s o l id a t e d
K
an sas
Cit y
Sm
e l t in g
&
R
e f in in g
Com
pany
403
—Attention is requested to the list of street improvement
bonds called by the city of Columbus, Ohio, payable on
March 15, 1893, after which date all interest on said bonds
ceases. Messrs. Coffin & Stanton of this city, financial agents,
of the city of Columbus, will pay these bonds on presentation;
—The United States Life Insurance Company has issued an
attractive circular, entitled “ Some Good Features,” in which
is set forth some of the claims of the United States Life to
the confidence of insurers.
City Railroad Securities—Brokers’ Quotations,
A tla n tio A v . , B ’ k l y n .S t ’ k.
H en. M ., 5 8 ,1 9 0 9 ...A & O 104
Bl’ o k e r S t . <ft F u L F . —S tk . 28
1 s t m o rt., 7 b., 1 9 0 0 -.J & J 111
Br’ d w a y Jc 7 t h A v .—S t ’ k . . 198
1st m o rt., 5 b, 190 4 .J & D 106
3d m o rt., 5 b, 1 9 1 4 ...J & J 106
B 'w a y 1st, 5 b , g u ........'2 4 105
2n d 6 b , in t. as r e n t ., *05. 96
B ro o k ly n C ity —N ew Sfcock 255
B ’ k ly n c r o s B t ’ n 5s.. 1908 107
B k n .C ’y<fcN’ n 5 8 ,1 9 3 o .J «feJ 102
O entral C r o s s to w n —S t ’ k . . 160
1 s t m o rt., 6 b, 1 9 2 2 .M A N 115
Cent. P k .N .A E . R i v . - S t k . 150
C on sols. 7 b, 190 2 ...J & D , 116
Dry D k .E .B . A B a t’ y —S tk . 145
1 s t m o r t., 7 s , 1 8 9 3 .. J A D 103
N.
If.
D ry D o c k E . B ’y A B .—
S c r i p ...................................
E ig h th A v . —S t o c k ........... .
E ig h t h A v .—S cr ip , 6 b, 1914
42a A G r ’ nd St. F ’ r y — Stk .
1 s t m o rt., 7 s , 1 8 9 3 .A A O
42d S t. M a n h .A S t .N .A v e .
1 s t m o rt., 6 b, 19 1 0 .. M A S
2 d M ,, i n c o m e ,6 b . . . . J A J
H o u a t. W .S t. A P . F ’y —Stk .
1st m o rt., 7 b , 1 8 9 4 .. J A J
N in th A v e . . . . ......................
Se 5ond A v e .—S t o c k ............
1 s t m o r t., 5 b, 1909. M A N
S ix t h A v e .—S t o c k . . . . ........
T h ir d A v e ................................
1 s t M ., 5s, 1 9 3 7 ....... J A J
• w e n t y -th ir d S t.—S t o c k ..
T
1 1 s t m o r t. 7 b , 1 8 9 3 .
30
113
202
260
103
120
155
150
100 101
2 8 0 290
105 110
295 300
1 0 2 .........
. . . J 72
111 111
65 70
200
104
130
165
105
210
245 250
!1 3 ,
295
103
and Brooklyu Gas Securities—Brokers’ Quotations.
G A S C O M P A N IE S .
G A S C O M P A N IE S .
A sk.
B id.
B r o o k ly n G a s -L ig h t ..........
J e rs e y C it y < H o b o k e n ..
fe
M e tro p o lita n —B o n d s ........
M u tu a l (N . Y . ) ....................
Bonds', 6 b ............................
N assau ( B r o o k l y n ) ............
136
180
110
145
100
170
100
105
P e o p le ’ s ( B r o o k l y n ) ___
M e t r o p o li t a n B r o o k ly n ).. 140
B id .
W illia m s b u r g ..........................160
B o n d s , 6 b..............................108
M u n ic ip a l—B o n d s , 7 s — 105
F u lt o n M u n ic ip a l..................150
B o n d s , 6 s ............................. 1105
E q u it a b le ................................ 1190
R on d s. 6 s ............................ 1
S ta n d a rd p r e f ....................... 1 88
Do
c o m .......................
35
138
102
110
ASk
111
152
195 ~
90
40
Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction,
By Messrs. R. V. Harnett & Co.:
S h a r es .
1 0 E a s t T e n n . L a n d C o ............ 2 5
1 5 T h u r h e r - W h y l.C o .c o m ... 5 0
2 5 B a n k o f th e M e t r o p lis — 4 6 0
6 0 T liu r b e r -W h y l. C o . p r e f 9 3 - 9 8*3
S h a res.
1 0 E l e v e n t h W a r d B a n k ........ 3 0 7 ^
1 0 C o m m o n w e a lth I n s . C o ... 6 0
1 0 Im p o rte rs ’ & T ra d e rs’ N a
t io n a l B a n k ......................... 6 3 8
By Messrs. Adrian H. Muller & Son :
S h a r es .
K in g s C o E l e v . R R ........... 2 1
N. Y . B i s c u i t C o ., c o m . . . 5 6 1
*
G o ld a S t o c k T e l e g . C o . . 1 0 5
^ ^
A t l a n t i c T r u s t C o ........... 3 2 0
A l l i a n c e In s . A s s o c i a t i o n 8 0
R e a l E s t a t e L o a n & T ru st
C o ...............................................1 5 8
1 0 0 P e o p l e ’ s G a s - L ig h t C o . o f
B r o o k l y n .......... .....................1 0 6
8 M e rch a n ts’ N a t. B a n k . ..1 5 0
1 0 N a t. B u t c h e r s ’ & D r o v e r s ’
B a u k ........................................1 8 2
1 C lin t o n H a l l A s s o c i a t i o n 5 3
15 C e n t r a l T r u s t C o ................ 1 0 0 0
9 3 F u lt o n M u n ic ip a l G a s o f
B r o o k l y n ................................1 5 1
i
S h a res.
| 5 0 0 N. A m e r . P h o n o g r a p h C o.
I
8 3 5 0 p . sh .
| 50100 W e s t . N .Y . & P a . ]
■
" R ., s c r ip
Rn
| 25 B u ff. N .Y . & P h il. |
V$1 5 0 p. ah.
R R p r e f ., s c r ip . |
! 3 5 B u ff. N .Y . & P h il. I
R R . c o m ., s c r ip . J
B on d s.
$ 7 , 5 0 0 I r o n S t e a m b o a t C o.
1 s t 6 s ............................................. 7 2
$ 1 ,0 0 0 S o u th ’ n T e le g . C o. 1 st
6 s, 1 9 0 2
1st cou p on due
N o v . 1 , 1 8 3 4 ............................. 1 0
$ 1 2 ,5 0 0 A u g u s t a M iu in g I n
v e s t . C o . 1 s t M . b o n d s ........... 2 8
50
25
5
10
1
15
aud
ffin a tL C ia l.
.—
$ 2 5 0 ,0 0 0 a d d it i o n a l c a p i t a l s t o c k , m a k i n g t h e t o t a l a m o u n t l is t e d
$ 2 ,5 0 0 ,0 0 0 .
D i a m o n d M a t c h C o m p a n y .— $ 1 ,5 0 0 ,0 0 0 a d d it i o n a l c a p i t a l s t o c k ,
■ m ak ing t h e t o t a l a m o u n t l is t e d $ 9 .0 0 i ) ,0 0 0 .
D u l u t h R e d W i n g & S o u t h e r n R a i l r o a d . — $ 5 0 0 ,0 0 0 f ir s t m o r t
g a g e 5 p e r c e n t g o l d blonds.
S
P i t t s b u r g M c K e e s p o r t & Y o u g i i i o g h e n t R a i l r o a d .— $ 9 0 0 , 0 0 0
s ix p e r een t se c o n d m o rtg a g e g u a ra n te e d e u n e n c y D onds o i 1934.
T e n n e s s e • C o a l , I r o n .V: R a i l r o a d — $ 1 ,0 0 0 ,0 0 0 C a b a b a C o a l M in in g
C o m p a n y fir s t m o r t g a g e s i x p e r c e n t 3 0 - y e a r g o l d b o n d s . T h e C o m m it
t e e o n S t o c k L is t is e m p o w e r e d t o a d d a s is s u e d $ 3 ,0 o 0 ,o 0 '> o f T e n n e s
s e e C o a l & I r o n C o m p a n y a d d it i o n a l c o m m o n c a p i t a l s t o c k (a t o t a l o f
$ 2 1 , 0 0 0 , 0 0 0 ), a s t h e c o m m i t t e e s h a ll b e o f fi c ia ll y n o t ifie d t h a t i t h a s
b e e n e x c h a n g e d f o r t h e c o n s o l id a t e d C a h a b a C o a l M in in g C o m p a n y ’ s
sto ck .
U l s t e r & D e l a w a r e R a il r o a d (o f R o n d o u t , N . Y .) .— $ 1 2 5 ,0 0 0 fir s t
c o n s o lid a te d m o r tg a g e fiv e p e r e e n t g o ld b o n d s , m a k in g th e t o t a l
a m o u n t l i s t e d $ 1 ,5 1 8 ,0 0 0 .
—The organization of the Inter-State Casualty Company,
which has been incorporated for the purpose of transacting a
general accident insurance business, has just been completed.
The company begins business with a capital and surplus of
$225,000, of which amount one-third is a paid-up surplus.
The board of directors includes the names of many prominent
business men. The officers of the company are as follows :
George E. Hamlim, President, Benjamin W. Franklin, VicePresident, C. Stuart Somerville, Secretary.
—Messrs. Geo. Coppell, Wm. Mertens, J. D. Probst. J. N.
Beligman and J. Kennedy Tod will act as a provisional com
mittee for the protection of Philadelphia & Reading income
oondholders. The Secretary of the committee is J. S. Dale,
24 Exchange Place.
T
c e r
r
a
s k
&
C
o . ,
BANKERS,
1 0 W a l l S t., N e w Y o r k .
A lb a n y .
F l o r i d a C e n t r a l & P e n i n s u l a r R i i l r o a d . — $ 1 ,8 0 0 , 0 0 0 f i r s t c o n
s o lid a te d m o r t g a g e 5 p e r c e n t 5 0 -y e a r g o ld b o n d s o f 1 9 1 3 .
I l l i n o i s S t e e l C o m p a n y . — $ 6 ,2 0 0 ,0 0 0 f iv e p e r c e n t 2 0 y e a r d e b e n
t u r e c u r r e n c y b o n d s o f 1 9 1 0 a n d $ 1 8 ,6 5 0 ,6 0 0 c a p i t a l s t o c k .
M i c h i g a n C e n t r a l R a i l r o a d .— fc'476,0 0 0 B a t t l e C h e e k & S tu r g is
R a i l w a y fir s t m o r t g a g e t h r e e p e r c e n t 1 0 0 -y e a r g u a r a n t e e d g o l d b o n d s .
T h e C o m m it t e e o n S t o c k L i s t is e m p o w e r e d t o a d d $ 2 4 ,0 0 0 a d d it i o n a l
b o n d s w h e n is s u e d .
p e n
1 6 C o n g re ss S t., B o s t o n
P r o v id e n c e .
M em bers o f N ew Y o r k an d B o s to n S to ck E x ch a n ge s.
INVESTM ENT
SAMUEL
BANKERS
AND
D.
DEALERS
NO. 44
W
i l l
SECU RITIES.
DAVIS
IN
&
CO.,
IN V E S T M E N T
S T ., N E W
Sam uel D. D avts,
S E C U R IT IE S .
Y O R K .
Chas . B. V an N o st r a n d .
M em ber N. Y . S tock E x ch a n g e.
LIBERTY
N A T IO N A L
BANK,
Central Building, 143 L iberty Street. New Y ork.
C A P IT A L ,
£ 5 0 0 ,0 0 0
AC CO U N TS OF B A N K S , B A N K E R S A N D M E R C H A N T S SO LIC IT E D .
H B N R Y C. T IN K E R P resid en t.
H E N R Y G R A V E S . V ioe-P re«l(l«D
JA M E S C H R IS T IE , Cashier.
H E N R Y C. T IN K E R ,
H EN RY GRAVES,
GEO . F. B A K E R ,
J. R . M A X W E L L ,
D IR E C T O R S .
B. F. C. YO U N G ,
W M . RUNKLE.
DUMONT CLAR K E ,
JNO. H . S T A R IN .
H . C. F A H N E S T O C K .
H O N . G. A . H O B A R T .
J. A . G A R L A N D
THE M ER C A N TILE N A T IO N A l
BANK
O F .T 1 1 K C I T Y O F N E W Y O R K ,
N o. 10 1 B ro a d w a y .
C a p it a l.
-
$ 1 ,0 0 0 ,0 0 0 I S u r p lu s F u n d .
-
$ 1 ,0 0 0 ,0 0 0
W IL L IA M P. 8T . JO H N , P resident. I F R E D E R IC K B. SC H K N OK . C m
JA M B S T L O T T , AseteRwit Cashier.
ACCO U N TS S O L IC IT E D .
ter.
THE CHRONICLE.
404
'f f x z
f la n k e r s '
C ia ^ e t k .
[VOL. LYI.
Posted rates of leading bankers are as follows:
M a rch 10.
D I V I D E N U S .
P er
C en t.
N am e o f C om pany.
R a llr o a d o .
A t l a n t a & C h a r lo t t e A i r L i n e ___
3
2
B o s t o n & A l b a n y ( q u a r ) ................
C liic . M iiw . & S t. P a u l, p x e f ........
do
do
do
c o i n ..........
L o u is . E v a n s . & S t. L o u is , c o m . . 7 s t o c k
N Y . & H a r le m , p r e f . a n d c o m . .
212
2^
N . Y . X . H . & H a r tfo r d ( q u a r .)..
4
S u n h u r y & L e w i s t o w n ....................
W hen
P a y a b le .
B o o k s C lo sed .
( D a y s i n c lu s i v e . )
M arch 6
M a r c h 31
A p ril
to
1 2 t o M c h . 31
3
M a rch 20
A p r il
1
A p r il
1
A p r il
1
A p ril
D em a n d .
United States Bonds.—Quotations are as follows:
19
1 6 to A p r.
1 to A p r.
— t o -------
in t s c e l la m 'e o n ii .
A m e r . B e ll T e l e p h o n e ( q u a r .) ___
A m . S u g a r B e f l u ’ g , p r o f . ( q u a r .).
do
do
com . (q u a r ).
do
do
d o (e x t r a ).
C o m m e r c ia l C a b le ( q u a r . ) ............
M in n e s o t a I r o n ( q u a r . ) ....................
N o r ’ w e s t G e n . E l e e .,p r e f . (q u a r .)
W e s t e r n U n io n T c l c g r « p h ( q u n r .)
S ix t y D a y s .
P r im e b a n k e r s ’ s t e r l i n g b i ll s o n L o n d o n . . 4 8 6 ® 4 8 6 ^ 4 8 8
@4 8 8 ^
P r i m e o o m m e rc ia u ............................................. ..
4 8 4 1 ,® 4 84
4
4 8 4 ,W\ 8 1 H 5 1 6 7a"@5 l C ^
5 1 8 ^ ® 5 18*3 5 1 6 V & 5 1 5 ° 8
4 0 i8 3>40316
4057^-94038
F r a n k f o r t o r B r e iu e m r e te lin a a r k s 'i t i n k e r s
9 5 -3 951s
9 5 % ® 9 5 l2
1 to A p r. 1 4
15
134 )
3
10
> A p r il
3
)
|
A p ril
11
A p ril
1
i>2
2
M a r c h 15
A p ril 17 :
1%
22
19
8
21
to
to
to
to
A p r.
4
A p r.
4
M ch . 15
A p r.
2
In terest
P e r io d s
2 s , .......................-.r e ) ? .
4 s , 1 9 0 7 . . . .......... r e g .
4 s , 1 9 0 7 ...............c o u p .
68, o u r ’ c y , ’ 9 5 ___ r e g .
63, o u r ’ c y , ’ 9 6 ___ r e g .
6 s , o n r ’c y , ’ 9 7 ___ r e g .
6 s , o u r ’e y ,’ 9 8 ------r e g .
6 s , o u r ’ c y , ’ 9 9 ____r e g .
Q .-M c h .
Q .- J a n .
Q .-J a n .
J . <fe J .
j . & j .
j . & j .
j. *
j .
j. & j.
4
|
6.
9912 * 9 9 'e
7.
8.
10.
9 9 1 3 * 9912
9 3 i s * 9 0 's
i l l ' s *11119 • I l l ' s * i l l i s
113
‘ 1121s 1*11212 *11213
• I l l ' s ,M i l ' s
'112191 1 1 2 1 s
105
*105
105
*105
1 0 5 I* 1 0 5
4 0 7 1 2 * 1 0 7 1 9 *1 0 7 i9 ' * 1 0 7 *9 * 10719 ' 1 0 7 13
110
*110
110
* 1 1 0 1*110
*110
T 1 2 i s *112 12 1 1 2 is *11219 11219 *1121®
'1 1 5 )* 1 1 5
*115
*115
115
*115
• T h is is t h e p r i o e b i d a t t h e m o r n i n g b o a r d : n o s a l e w a s n a d e .
Government Purchases o f Silver.—The following shows
the amount of silver purchased to date in March by the Gov
The Money Market and Financial S itu ation —The in ernment.
auguration of Mr. Cleveland has not been followed by
O u n ces
O u n ces
P r ic e p a id .
o ffe r e d .
p u rch ased .
any announcement of definite action to be taken in regard
to the national finances. It is supposed now that no extra
1 ,7 4 5 ,0 0 0
8 1 9 .0 0 0 $ 0 - 8 3 9 3 -3> $ 0 - 8 4 0 0
8 7 7 .0 0 0
4 0 3 .0 0 0 $ 0 - 8 3 7 0
$ 0 -8 3 7 5
session of Congress will be called before the autumn at least,
5 3 1 .0 0 0
“
8 .......................................
2 9 5 .0 0 0 $ 0 -8 3 2 3 'a) $ 0 8 3 3 8
and that the Government may sell bonds in such moderate
“
1 0 .......................................
6 0 2 .0 0 0
6 0 ,0 0 0 $ 0 - 8 3 5 8 ® $ 0 - 8 3 6 4
amounts as may be necessary if the emergency arises.
............... -2) ...............
Depression lias prevailed at the Stock Exchange, owing
• T o ta l in m o n t h t o d a t e ........ 3 ,7 5 5 ,0 0 0
1 ,5 7 9 ,0 0 0 $ 0 - 8 3 2 1 @ $ 0 - 8 4 0 0
partly to the effect of the recent Reading collapse, with
its attendant evils, and partly to the great stringency
* T h e lo ca l p u rch a se s o t e a ch w e e k are n o t re p o rte d t ill M o n d a y o l
in money, which was very severe in the middle of t h e f o l l o w i n g w e e k .
the week.
There has been a large demand of
Coins.—Following are current quotations in gold for coins:
late for currency to go West,
and if the re
r g n s .............
F n a
— 83
» — 8
ports of a gigantic wheat speculation in Chicago are S oavpeo leoi o n s ..............$ 4 8 5 «0$ 43 9 0 ;F ilv ee f lil vae ru boa rss ... — 9 3 % a — S 4
6
H
3 85
90
correct, it may be that this has been one cause for it. One X X R e i e h m a r k s . 4 7 0 @ 4 8 0 M e x i c a n d o l l a r s . . — 6 5 1 9 5 — 66> a
D o u u o o m m e r o T -------- @ — —
o f the consequences here of the money pressure and the lack 2 5 P e s e t a s .............. 4 7 5 @ 4 8 5
D o u b o o n s 5 55 @ 1 5 75
a
..—
60 0
61
of confidence has been a large break in the price of several S peaxn.. D o u b ll o o n s .. 1 5 5 5 @ 1 5 7 5 P e rgul ivsih ns isl o lesr.___ — 8 0 @ — 9 0
En
v
4
4
M
1
“ industrial ” stocks, against which money lenders are sure to F i n e g o l d b a r s . . .
p a r @14 p r e m . U .S . t r a d e d o l l a r s — 6 5 ® — —
discriminate the moment they become timid about collaterals.
State and Railroad Bonds.—Sales of State bonds have
From Philadelphia we have nothing yet of importance.
There have been very ugly rumors that a large amount of the included $39,000 Term, settlt. 3s at 75%@75% ; $10,000 do.
settlt. 6s at 75%® 75% ; $15,000 Ala. class “ B” at 104%@105
stocks of the two New England roads carried in Boston for
Philadelphia parties were shifted off on to the Reading Com $5,000 N. Car. 6s, 1919, at 127.
Railroad bonds have been dull on the general list
pany, but we place no credence in this report without having
positive information. The facts so far known seem to indi owing to the high rates for money and the lack
cate that the unfortunate Reading Company needs a financial of much inducement to buy at the present mo
doctor very badly, and the income bondholders will best serve ment. The Reading pref. incomes and general mort
their own interests by getting the strongest and ablest of gage 4s have still been the most active bonds and have
bankers to undertake the rehabilitation of the company. The touched lower prices than before, the firsts reaching 45%,
Reading properties need the most careful and painstaking the seconds 30%, the thirds 22% and the mortgage 4s 72%, to
attention to details, and there seems lo b e evidence that its day, all closing at better prices. On Feb. 1 these income bonds
sold ex-interest at 71% for the firsts, 61 for the seconds and 55%
coal business has been sadly mismanaged.
The open market rates for call loans during the week on for the thirds, and the mortgage 4s, not_then ex-coupon, sold at
stock and bond collaterals have ranged from 2 to 60 per 84%. The present prices look rather cheap compared with
cent, the average being 15 per cent. To-day rates on call were the former range and the inquiry i3 pertinent whether some
6 to 15 per cent. Commei cial paper is quoted at 6@8 per cent. strong and capable financial management will not yet bring
The Bank of England weekly statement on Thursday showed the Reading out of its difficulties and establish the company
an increase in bullion of £10,000, and the percentage of re on a sound basis. The Northern Pacifies have been less active
serve to liabilities was 51'82 against 50'07 last week ; the dis this week and close at 67% for the consol. 5s and 75% for the
count rate remains unchanged at 2% per cent. The Bank of Chic. & North. Pacif. os. Richmond Terminal 5s have been
France shows an increase of 575,000 francs in gold and active at times, but their price must eventually depend very
much on the terms proposed for a reorganization of the com
a decrease of 1,850,000 in silver.
The New York City Clearing-House banks in their statement pany. The Chicago & Erie incomes sold down to 36% on
of March 4 showed a decrease in the reserve held of $5,557,600 Monday but recovered sharply, closing at 39% to-day. The
and a surplus over the required reserve of $6,503,125, against general list of bonds has been dull with prices usually easier
but not making any considerable decline in sympathy with
$9,384,775 the previous week:
the depression in the stock market.
W A L L ST R E E T . F R ID A Y , M A R C H 10, 1 8 9 3 -5 P . M .
1893.
M a r c h 4.
$
C a p it a l ..................... 6 0 .4 2 2 .7 0 0
S u r p l u s .................... 6 9 ,1 9 1 ,6 0 0
L o a n s a n d d i s o ’ ts 4 5 2 ,9 1 7 ,4 0 0
C i r c u l a t i o n ............
5 ,6 4 0 ,4 0 0
W et d e p o s i t s .......... 4 6 2 ,0 0 4 ,3 0 0
S p e c i e ...................... 7 2 ,3 5 3 ,5 0 0
L e g a l t e n d e r s ___
4 9 .6 5 0 .7 0 0
D if fe v e n ’ s f r o m
P r e v . w eek .
$
D e c .5 ,6 5 3 ,5 0 0
In c.
6 8 ,2 0 0
D e o .1 0 7 0 3 8 0 0
D e c . 6 0 5 ,5 0 0
D e c . 4 ,9 5 2 ,1 0 0
1892.
M a r c h 5.
1891
M a r c h 7.
$
$
5 9 , 3 7 2 ,7 0 0 6 0 ,5 7 2 ,7 0 0
6 6 ,0 0 7 ,9 0 0 6 2 ,9 7 7 ,2 0 0
4 8 8 ,6 7 5 ,3 0 0 4 0 4 ,8 2 3 ,7 0 0
5 ,5 9 8 ,0 0 0
3 ,5 2 3 ,5 0 0
5 3 3 ,5 7 8 ,7 0 0 4 1 2 .4 7 3 .3 0 0
1 0 4 ,4 7 9 ,8 0 0 7 8 ,5 6 7 .8 0 0
5 0 ,2 0 7 ,1 0 0 3 5 ,4 3 1 ,5 0 0
R e s e r v e h e l d ____ 1 2 2 ,0 0 4 ,2 0 0 D e c .5 ,5 5 7 ,6 0 0 1 5 4 ,6 8 6 ,9 0 0 1 1 3 .9 9 9 .3 0 0
L e g a l r e s e r v e ____ 1 1 5 ,5 0 1 ,0 7 5 D e c .2 ,6 7 5 ,9 5 0 1 3 3 ,3 9 4 ,6 7 5 1 0 3 ,1 1 8 ,3 2 5
B n r o ln s r e s e r v e .
6 , 5 0 3 ,1 2 5 D e e .2 ,8 8 1 .6 5 0
2 1 ,2 9 2 ,2 2 5
1 0 ,8 8 0 ,9 7 5
Foreign E xchange—During the early part of the week
the rates for exchange were demoralized by the stringency in
call money. Since Wednesday, however, there has been a
more normal condition and a better demand for bills, though
bankers have not been inclined to trade freely, owing to the
uncertainties of the moment, and to-day the tone was easier
Exports of gold have been $2,800,000 since last week, with no
engagements for to-morrow. Actual rates o f exchange a re:
Bankers’ sixty days sterling, 4 85@4 85% : demand, 4 87®
4 87% ; cables, 4 87%@4 87%.
Tne following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling % premium; Charleston, buying par, selling %
premium ; New Orleans, bank, $1 50 premium, commercial
I'?cALSt- Louis, 75c, per $1,000 premium; Chicago, 40c. per
§1,0C0 discount.
Railroad and Miscellaneous Stocks.—There has been much,
depression in the stock market and further large declines in
some of the speculative specialties. The damaging effect o f
the great collapse in Reading and New York & New England
is still present, while added to this there have been serious
breaks in some of the industrials, and the whole list of stocks
has been further prejudiced by the stringency in call loans.
The Reading stock and bonds have declined to the lowest
prices yet reached, and the stock to-day touched 22%. New
England lias no friends now and sells around 26. with doubt
still existing as to who will come into control of the
company at the election on the 14th inst.
The
Am. Sugar stock has been supported by the declaration of an
extra 10 per cent dividend on the common, but Tobacco and
Lead have each broken down sharply, owing partly to the
difficulty of borrowing on such stocks in periods of tight
money, and partly to the talk of possible competition in their
respective lines of business. Cotton Oil is well held on its re
ported improvement in net profits, and Cordage is apparently
supported by strong parties. Louisville New Albany & Chi
cago was attacked by the application for a receiver made
by a dissatisfied stockholder whose own allegation was, in
substance, that the company was perfectly solvent and earned
plenty of money, but would not divide it. General Electric
broke sharply to-day below par on selling attributed to parties
who bought at much higher prices. Many other stocks have
been well held in the face of the general disturbance which
has come to the market and the very high rates asked for
call money,
rHE CHRONICLE.
March 11 1893.]
405
NEW YORK STOCK EXCHANGE — A C T IV E STO CK S for week ending M A R C H 10, and since JAN,\ 1, 1 8 9 3 .
H IG H E S T A N D L O W E S T P R IC E S .
S a tu rd a y ,
M a r c h 4.
M onday,
M a t c h 6.
T u esd ay,
M a rch 7.
W ednesday,
M a rch 8.
T h u rsd ay,
M a rch 9.
F r id a y ,
M a rch 10.
STOCKS.
S al03
o f th e
W eek,
S h a re s .
R a n g e o f s a le s in 1 8 9 3 .
L ow est.
H ig h e s t
A c t lT e H R . S t o c k s ,
32
31 *2 3 1 7b
31*4
v33a
3%
3%
*9 1
9 0 % 91
8 5 % 8 5 is
85
53
351
4 55%
54% 55%
119 % 119% 118
119
1 1 7 is
23^8 23% 2 2 78 2338 2 2
141
144
144
-1 4 1
144
93*8
9138 9548
9334 95*4
• 7 is
5
•65
*68
•57is -65
*67
68
67
07
*661$
100
103
•*101
1 0 2 ^ <01
76^8 7 7
7534
7 6 14 77*4
1 2 2 % 1 2 o ?4 1 2 2 % 12334 1 2 1 is
112
11241 111
1 12 *8 1 1 0 %
*3*
4
*92%
*34^4
82%
53%
-1 1 7
5014
32^4
4%
9 r ;3
85 ^
83
54
19
51
82*8
52%
118
49 V
95
23
71
127%
144%
15
5 2 i8
4*4
*26
29
29
72
*70
129
[2 9 %
13*6
i4 5 ? a
*16
1G V
53
53*«
*4
O
*2 7
33
*9 % 1 0 V
9*4
143
LoO
143
140
143
-1 4 0
99% 99%
98%
*83»
0*2
’ 8*2
*3 0
32
*30
22
22
21=8
83
51%
L18
50%
95
28V
71
128*s
145%
15
53
4*4
33
9*4
3 48
145
99*4
9*4
32
81V
51%
117
48%
95
27%
*70
126%
143%
*15%
5178
*4
*25
*9
*147
M 40
98*6
83*4
52%
L17
49%
95
27 V
72
127%
145%
16%
52*5
5
33
29
17
16*2
65
30
17*4
17
65
22
78
78
77
77%
1 2 6 % 1 27 % 125
126%
* 1 0 7 V 1 0 9 V -1 0 7 % 109 %
71
74%
73 % 74%
231a 2 3 %
2 2 % 23%
22
*20
158 % 159
■*i013 4 1 0 5 %
*14
15
-4319 4 5 %
* 14
15
*21*4 2 5
5 4 % 5434
*33
35
; *86
90
109
109
IS
13*4
*68
.1 3 5
21%
43%
30 *8
35
21%
48%
3U 7b
» 29% 30 ^
17=8 1 ',%
5 17 % 1 7%
07*2 6 / %
8
8
*30
33
16
16
38*2 4 0
*22
23
*4 2
45
75
75
'1 9 * 2 2 0 %
-1 6 % 17
25% 26%
‘ 13*2 1 9 %
5 6 % 3 9 *.,
9%
9%
*38
40
*20
22
156*3 1 5 9
104% 104%
-1 3
17
*42
48
14
14
2 4 % 24*5
535s 5 4%
30
33
*8 5
90
10330 1 0 9
18
18
*68
*35
21%
48
29
29
17%
17%
*6 7
*rr
32%
15%
38*4
*2 2
*40
76
19%
16%
23%
13*2
56%
9
*3 8
35%
21%
43
30%
29
17%
17%
68
9
32%
16
39%
23
45
76
39%
16%
25%
18%
56%)
9%
40
3 1 % 3 2 % A tc h is o n T o p . A S a n ta F e . . . .
*3%
4 % A t la n t io & P a c i f i c .....................
93
93
B a lt i m o r e A O h io .........................
* 8 4 % 8 5 % C a n a d ia n P a c i f i c ...........................
5 4 % 5 4 % C a n a d a S o u t h e r n .........................
1 1 6 % 117
C e n tr a l o f N e w J e r s e y ...............
2 2 % 2 2 % C h e s a p e a k e & O ., v o t . t r . c e r t .
1 4 2 % 1 4 2 % C h ic a g o & A l t o n ...........................
9 3 % 9 4 ^ C h ic a g o B u r l i n g t o n A Q u in c y .
•42% -5 2 %
Do
r ig h t s .
65% 66
C h ic a g o & E a s t e r n I l l i n o i s . . . .
100
100
Do
p re f.
7 6 % 77
C h lo a g o M i l w a n k e e A S t. P a u l.
122% 122%
Do
p re f.
1 1 0 % 1 1 1 % C h ic a g o & N o r t h w e s t e r n .........
14'
- '"
Do
p re f.
8 2 % 8 2 % C h ic a g o R o c k I s l an d & P a c if ic .
8 2 % 83
c
82*2 8 2 %
52
52
52%
52% 52%
52
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§ P r io e s f r o m b o t h E x c h a n g e s .
II L o w e s t is e x d i v i d e n d .
M O ld c e r t ,
x e x d iv .
THE CHRONICLE
40b
|Vo l .L V L
NEW YORK STOCK EXCHANGE PRLCES (C ontinued) - I N A C T I V E STOCKS.
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.1 0 0
G e o r g i a P a c ii i c If
K a n a w h a & M ic h i g a n .
Jan.
1 65 *4 F e b .
10 0 % F eb.
35
F eb.
36
38
33
F eb.
33% 35
8 5 1 Jan.
*)
83
81
60
Jan.
4
Jan.
26%
F eb.
27% 27
J an .
. 5 0 [1 5 6
157% 155
D e s M o in e s & F o r t D o d g e —
102*2 J a n .
.1 0 0
.1 0 0
7%
.1 0 0
18
9%
.1 0 0
.1 0 0
27%
15
.1 0 0
.1 0 0
65
5
.1 0 0
.1 0 0 + 1 1 %
.1 0 0
.1 0 0 X 7
.1 0 0
10
.1 0 0
.100
.1 0 0
.1 0 0 | *24
.1 0 0
. 50
50
TOO
. 50
TOO
M e x i c a n N a t io n a l.
N.
156
.1 0 0
.1 0 0
.1 0 0
. 50
100
.1 0 0
.1 0 0
95
108
41*4
37
8638
65
4
29%
157*2
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
9
30
22
11%
11*2 J a n .
30
18
67
9
17%
v
_
28
F eb.
18
F eb.
77*2 J a n .
Jan.
F eb.
Jan.
Jan.
Jan.
77*2 J a n .
1 1 *4 F e b .
22
F eb.
5% Jan.
88 J a n .
13% Jan.
14%
2 9 7s
7
91
14*2
23
Feb.
47% Feb.
25% Jan .
49
Jan.
8
15
Feb.
F eb .
9%
22
14*4
32
23
Jan.
Jan.
F eb.
F eb.
Jan.
112
5
1 51 *2 J a n . 1 5 5
112*2 J a n . 1 1 4
60
Feb. I 60
7
Jan.
9%
10
154*2 Tan. 1 5 6
33
Jan.
37*4
170
180
173
J a n . 1179
J a n . 112*2
1110 % 1 1 1 % I l l
35
Jan. I 35
3 1 % 35
59
7
63
‘ N o p r ic e F r id a y ; la te s t p r ic e th is w e e k .
Jan.
Jan.
F eb.
Jan.
F eb.
Jan.
F eb.
Jan.
Jan
B id .
S t. L o u is A l t o n & T . H . p r e f . . . 1 0 0
T o l e d o P e o r i a & W e s t e r n .............1 0 0
T o l e d o S t. L . & K a n s a s C i t y H . . .
V i r g i n ia M id la n d .............................. 1 0 0
137
100
M ar. 1 0 .
in a c t iv e St o c k s .
1f I n d i c a t e s u n lis t e d .
H ig h est.
L o w e s t.
(% Indicates actual sales.)
R a n g e ( s a le s ) i n 1 8 9 2 .
A sk .
H ig h es t.
L o w e s t.
150
25
9
F eb.
17
Jan,
1 52 *2 J a n .
160
Jan.
117 “ Jan .
86 Jan .
8*2 M a r .
99*2 F e b .
93% Jan.
106
M ar.
18*2 J a n .
1 07 *2 F e b .
18
M a r.
180
F eb.
30
Jan.
1 14 *2 J a n ,
60
Jan.
20*4 F e b .
71
Jan.
25
Jan.
23
Jan.
93*s F eb .
98. F eb.
65
F eb.
34 % M a r.
2 0 *2 F e b .
9*2 F e b .
14
Jan.
120*4 Feb-.
M is c e lla n e o u s S to c k s.
A d a m s E x p r e s s ..................................1 0 0
A m e r i c a n B a n k N o t e C o i f ..................
A m e r i c a n E x p r e s s ..........................1 0 0
A m e r . T e le g r a p h & C a b le ............1 0 0
B r u n s w i c k C o m p a n y ......................1 0 0
C h ic . J u n e . B y . & S t o c k Y a r d s . 1 0 0
P r e f e r r e d ...........................................1 0 0
C it iz e n s ’ G a s o f B r o o k l y n .......... 1 0 0
C o l o r a d o C o a l & I r o n D e v ..........1 0 0
C o l o r a d o F u e l & I r o n , p r e f ......... 1 0 0
C o lu m b u s & H o c k i n g C o a l ......... 1 0 0
C o m m e r c ia l C a b le ......................... . 1 0 0
C o n s o l. C o a l o f M a r y l a n d ........... 1 0 0
E d is o n E l e c t r i c I l l u m i n a t i n g .. . 1 00
I n t e r io r C o n d u it & I n s . C o ......... 1 0 0
L a c l e d e G a s .........................................1 0 0
P r e f e r r e d ........................................... 1 0 0
L e h ig h & W i lk e s b a r r e C o a l H . . .
M a r y la n d ' o a l .................................... 1 0 0
M ic h i g a n -P e n in s u la r C a r C o . . .1 0 0
P r e f e r r e d ........................................... 1 0 0
M in n e s o t a I r o n ..................................1 0 0
N a t io n a l L i n s e e d O il C o ................1 0 0
N a t io n a l S t a r c h M fg . C o ...............1 0 0
N e w C e n t r a l C o a l .............................. 100
O n t a r io S il v e r M in in g ....................1 0 0
P e n n s y lv a n ia C o a l .......................... 5 0
P . L o r i ll a r d C o p r e f ........................1 0 0
P o s t a l T e l e g r a p h — C a b le IT.................
Q u ic k s i l v e r M in in g .......................... 1 0 0
P r e f e r r e d ...........................................1 0 0
jT e x a s P a c i f ic L a n d T r u s t ........... 1 0 0
U . 8 . E x p r e s s ......................................1 0 0
U . S. R u b b e r p r e f e r r e d ................. 1 0 0
IW e lls , F a r g o E x p r e s s ................... 1 0 0
160
156
51
53
117
88
90
7%
9
t 20
fl8 * e
109
19*4
28
30
1121*4 1 2 2
1 21%
l 71*2
*20*
99
25
65
34%
22H
8*2
14*2
275
35*2
23
9*2
16*2
80
2*2
83
14*
63
68
i.46*
149*
82
3
17
13
F eb.
F eb.
Jan.
Jan.
57*2 J a n .
93*e F eb.
140
Jan.
92*2 F e b .
8*2 M a r .
Jan.
Jam
Jan.
F eb.
111*2 J a m
29% Jam
180
Feb.
31
Jam
131
F eb.
71
Jam
26
Jan.
7 4 % Feb-.
25
Jam
27% Jam
1 06 *8 J a m
100% Jan.
69*2 J a n .
41
Jan.
3 4 % Jan.
11% Jan.
15 * 2 F e b .
108
93%
109
25%
83 *2
3%
20
13*2
70*2
99
1 49 *2
F eb.
F eb.
F eb.
Feb.
Jan.
Jan.
Jam
t A c t u a l s a le s .
NEW YORK STOCK EXCHANGE PRICES.—S T A T E B O N D S M A R C H 10.
S E C U R IT IE S .
B id .
A l a b a m a — C la e s A , 4 t o 5 ........ 1 9 0 6
C la s s B , 5 s ...................................1 9 0 6
C u r r e n c y f u n d i n g 4 s ...............1 9 2 0
A r k a n s a s — 6 s , f u n d ,H o i . 1 8 9 9 -1 9 0 0
d o . N o n -H o lfo r d
7 s . A r k a n s a s C e n t r a l R R ..............
L o u is i a n a — 7 e , c o n s .....................1 9 1 4
S t a m p e d 4 s .............................................
M is s o u r i — F u n d .................1 8 9 4 -1 8 9 5
101
104
92
92
3
160
3
108
A sk .
S E C U R IT IE S .
101%
107
N e w Y o r k — 6 s , l o a n .....................1 8 9 3
N o r t h C a ro lin a — 6 s , o l d .............J & J
8
190
8
**97
102
N e w b o n d s , J & J .......... 18*92 1 8 9 8
C lia t lia m R R .........................................
S p e c i a l t a x , C la s s I ..........................
C o n s o li d a t e d 4 s ........................ 1 9 1 0
6 s ...........................................
1919
R h o d e I s la n d — 6 s , c o u . . 1 8 9 3 -1 8 9 4
S o u t h C a r o lin a — 6 s , n o n -fu n il.lS $ i8
New York City Bank Statement for the week ending Mch.
4, 1893, is as follows. W e o m it tw o cip h ers (00) in all cases.
BANKS.
(0 0 s om itted .)
C a p ita l S u r p lu s
2,000,0
2 .050.0
2,000,0
2,000,0
3.0 0 0 .
1.0 0 0 .
1,000,0
750.0
300.0
600.0
1,000,0
300.0
400.0
20u,0
600 .0
300.0
1.200.0
5.0 0 0 .
5.0 0 0 .
1.0 0 0 .
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
750.0
500.0
500.0
1,000,0
1,000,0
300.0
1.500.0
2,000,0
250.0
3.200.0
2,000,0
300.0
750.0
500.0
1,000,0
300.0
250.0
200.0
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
200,0
300.0
200.0
500.0
200.0
2.100.0
300,0
1,000,0
2.008.3
1.741.7
1.015.1
2.017.8
0
2.214.2
0
455.4
2,649,0
200,8
7.114.4
172.5
1.554.2
313.1
444.3
160,0
567.8
87,9
500.0
0
2.196.6
0
3.578.6
0
1.622.4
1.064.7
456.8
905.0
889.4
326.6
618.3
1.851.4
345.2
463.3
272.0
811.8
142.1
265.8
1.297.7
255.8
430.9
5.660.4
2.966.9
145.2
1.890.2
576.2
477,8
206.3
6.886.4
108,2
168.7
527.7
554.0
299.4
1.119.9
916.3
601.5
639.4
506.2
401.5
473.2
301.2
739.7
273.2
219.7
352.1
283.6
826,0
169.8
L oa n s.
Specie. L e g a l s . D ep o sits .
11.960.0
12.791.0
7.491.9
8.598.0
17.472.0
4.345.0
12.771.6
2.996.5
24,039,5
3.881.9
5,469,b
1.842.9
2.740.0
l,2t>2,8
3.655.4
1.840.7
3.555.0
l a , 436 ,0
19,023,2
5.767.7
8.395.7
3.045.6
11.231.4
6.447.4
2.368.8
5.440.5
14,006,9
2.906.0
2.959.7
3.025.9
4.277.5
2.500.1
2.713.0
7.531.6
4.656.0
2.090.4
22.361.0
25.872.0
1.229.6
18.254.4
8.196.0
5.010.0
3.490.5
24.132.0
5.090.4
1.604.4
3.094.0
3.048.9
2.728.6
12.740.4
5.775.5
2.982.1
2.923.8
7.420.7
5.363.5
4.450.8
1,808,7
5.091.3
2.326.0
4.575.0
1.825.0
10.161.7
5.009.0
2.810.3
1.969.0
746.4
752.0
1,404,9
460.0
6.130.1
268,3
4.197.1
436 .2
674.9
300 .6
195.0
15a ,7
451.6
259.3
190.7
1,202,0
2.008.5
1,002,8
996.3
113.3
1.491.2
827.9
145.6
811.7
4.028.0
357.1
460.8
263.0
493.0
184.5
324.0
953.2
1,119,4
176.6
3.993.0
5.324.8
141.3
3.886.8
1.052.0
856.0
405.8
2.444.8
1.074.9
81,6
530.0
716.0
325.7
3.534.0
916.0
192.3
270.2
1,257,7
862.8
983.5
405.0
863.2
427.0
784.0
230.0
2.030.6
949.3
271.6
l.le o .o
60,422,7^69,191,6 4 52 ,917 ,4 72.353.5
A sk .
S E C U R IT IE S .
S .C . ( c o n t .) — B r o w n c o n s o l .6 s .1 8 9 3
T e n n e s s e e 6 s , o l d .......... 1 8 9 2 -1 8 9 8
N e w s e t t le m e n t , 6 s .................1 9 1 3
5 s ....................................................... 1 9 1 3
3 s ....................................................... 1 9 1 3
V i r g i n ia — 6 s , o l d ...................................
B id .
A sk .
97
62
72
101
105
101
103
75%
6 s , c o n s o l id a t e d , 2 d s e r i e s , r e c t a .
6 s , d e f e r r e d t ’ s t r e c ’ ts . s t a m p e d .
5
7
New York City, Boston and Philadelphia Banks:
BANKS.
Bank of N ew Y ork .
M an h a ttan C o ...........
M e r ch a n ts ’ .................
M e c h a n ic s ’ ............
A m e r ic a .......................
P h e n ix ....................
C it y ..........................
T r a d e sm e n ’ s .........
C h em ica l................
M e rch a n ts’ E x c h ’ g e
G a lla tin N a t io n a l...
B u tc h e r s ’ & D r o v ’ r s ’
M e ch a n ics ’ & T r a d ’ s
G re e n w ic h ..............
L e a th e r iVlaniifac’r s
S e v e n th N a tio n a l...
S ta te o f N e w Y o r k .
A m e r ic a n E x c h ’ g e ..
C o m m e r c e ...................
B r o a d w a y ...................
M e r c a n t ile ..................
P a c ific .....................
R e p u b lic ......... ...
C h a th a m .....................
P e o p le ’ s .......................
N o r t h A m e r ic a ........
H a n o v e r ...................
I r v in g .......................
C itizen s*...................
N a s s a u .....................
M a rk e t & F u lt o n .
St. N ic h o la s ...........
S h oe & L e a t h e r ...
C o rn E x c h a n g e .. .
C o n tin e n ta l............
O rien ta l...................
I m p o r te r s ’ & T r a d ’s
P a r k ........................
E a s t R i v e r ................
F o u rth N a tio n a l___
C en tral N a tio n a l—
8 e c o n d N a tio n a l___
N in th N a tio n a l..
F ir s t N a t io n a l...
T h ir d N a tio n a l.........
N .Y . Nat. E x ch a n g e
B o w e r y ........................
N e w Y o r k C o u n t y ..
G e rm a n -A m e r ic a n .. j
C h ase N a tio n a l........
F ifth A v e n u e ............
G erm an E x c h a n g e ..
G e rm a n ia ..................
U n ited S t a t e s ...........
L in c o ln ........................ I
G a rfield ........................
F ifth N a t i o n a l .......
B a n k o f th e M e tro p
W e s t S id e ...................
S e a b o a id ....................
S ix t h N a tio n a l.........
W e s te rn N a t io n a l..
F ir s t N a t., B r ’k l y n .
S o u th ern N a tio n a l..
..................
B id .
101
..........
30
10
15
2
5
5
2%
102
99
123% 125%
100
2%
2
Capital A
Surplus.
Loans.
Specie.
Legals.
Deposits, t C ircT n C le a r in g s
N. Y o r k .*
$
$
$
$
$
$
$
Feb. 4 .. 129.614.3 464 ,910 ,2 8 3 .361.8 59,161,1 4 95 .475 .6 5.526.3 8 3 9 .5 3 5 .5
“ 11 . . . . 129.614.3 464,284,1 79.944.0 60,233,5 491.747.7 5.575.2 730 ,916 ,1
1,080,0 11,180,
• 1 8 ... 129.614.3 462.518.6 75.700.3 58,808,9 483,613,2 5,518,5 755,781,7
1,686,0* 13,6*25,
“ 2 6 . . . . 120.614.3 458 .570 .9 72.959.0 54,602,8 472,708,1 5 .5 7 2 .2 7 4 5 ,8 7 2 ,0
1,276,8
7,608,
129 .614 .3 452 ,917 ,4 72,353,6 49,650,7 462,004,;- 5.640.4 8 0 0 .3 1 6 .6
M ar. 4
814.0
6,693,
B o s t o n .*
2.143.2 17,055,
64.642.9 161.732.9 10.163.8 5,457,0 147 .927 .0 5.416.0 1 03 ,693 ,9
Feb. 1 8 —
624,0’
4.051, '
“ 2 5 . . . . 64.642.9 160.893.7 10.132.3 5,176,9 142.756.1 5,515,9 8 4 ,8 3 1 ,8
1.442.0 17,111,;
M ar. 4 ..
64.642.9 158 .873 .9 10,140,2 4,608,3 140,552,4 5,582,7 1 3 5 .9 3 0 .7
414.9
3,224,P b ila . *
2.567.3 23,428,1
Feb. 1 8 . . . . 35.793.7 103.603.0
27.0C 0,0
101,698,0 3.594.0 7 6 .9 9 5 ,3
754,9'
4,493,:
“ 2 5 . . . . 35.793.7 102.183.0
29,41 17,0
1 03 ,0*4,0 3.598.0 79,8 9 1 ,0
547.7
M ar. 4 ___ 35,793,7* 101,030,0j
4.569.1
29, l r’ 9,0
102 ,359,0) 3,593,0J 8 0 ,4 6 6 ,2
309.0
2.053.1
* W e om it vivo ciphers in all these figures, t In c lu d in g , f o r B o s to n a n d P h ila
325.0
2.670.1
delphia, th e item “ du e t o o t h e r ban ks.”
131.9
1,147,(
514.8
3.404.1
Miscellaneous and Unlisted Bonds.—Stock Ex. prices.
182.0
2,032,$
456.1
2.772,(
M i s c e l la n e o u s B o n d s .
M i s c e l la n e o u s B o n d s .
1.873.0 14,712,(
P e o p le ’ s G as & C . ) 1 s t g. 6 s .
1.585.5 13,359, ( A m e r. W a t e r W o r k s —1 s t 6s.
100 b .
C o., C h ic a g o ----- ) 2 d g . 6 s .
336.0
5.051, *
:
P e o r ia W a t e r C o .—6 s, g ......... 102 b .
1.147.7
8,594,$ Cahaba C oa l M m .—1 s t g. 7 s ..
98% b
Ch, J u n .& S . Y d s .—C o l.t.g ,5s
P leas. V a lle y C oa l—1 s t g . 6 s.
425.5
3.078.1
108 b*
1.613.5 12,489, (
1.073.1
6,935,; Col. & H o c k . C oa l & I . — 6 s, g 104 b. W e s t e r n U n io n T e l e g .—7 s . . ♦112 b*
291.2
2,956,; C o n so l’ ll Coal—C o n v e r t. 6 s . . . *103 %b. W h e e l .L .E & P .C o a l - 1 s t g .5 s . . . . . .
90 %a.
U n lis te d B o n d s.
510.7
5.346.7 C on s.G as C o .C hic.—1 s t g u . 5s
A la . & V i c k s .—C on sol. 5s, g . ♦ 90 b>
2.438.8 17,091,$ D e n v. C. W a t .W k s .—G en .g.5 s
V ic k s . & M e r id .ls t 6 s .......... ♦100 b.
354.9
2.824.0 E d is o n E le c . 111. C o .—1st o s . 119 a.
100 a. A t la n t a & C h ari.—1 s t 7 s ----- 115 b.
101.3
2,883, t E q u it a b le G . & F.— 1st 6 s —
C o m s to c k T u n n e l—I n c . 4 s . .
I2% b .
369.0
3.299.1 H e n d e rso n B r id g e —1 s t g. 6 s. 107
102 U
G e o rg ia P a c ific —1 s t 6 s g —
H o b o k e n L a n d < I m p .—g. 5s
&
512.3
4,317,t
2 d m o rt. i n c o m e .....................
413.8
2,696,$ M ich .-P e n in . C ar 1 s t 5s, g —
*48- “ b.
C o n s o l. 5s, g ............................
4 40 ,0’
3.113.0 M u tu a l U n io n T e le g .— 6 s. g . .
I n c o m e 5 s .................................. * 10 %b.
305.0
6,3b7,c N ation a l S ta r c h M fg .— 1st 6 s. 102 b.
90 b ,
M em . & C h a rle sto n —C on . 7 g
293.7
5,415,$ N o rth w e s te r n T e le g r a p h —7s. ..........
327,8)
),951,0
N o t e .—“ b” in d io a te s p r io e b id ; “ a " p r ic e asked. * L a te s t p r ic e th is w eefe
3,552,0' 21,586,0
3.445.9 30,402,e
Bank Stock List.—Latest prices of bank stocks this week
183.5
1.094.1
784.2 17,923,£
B id. A s k
BAN KS.
BAN KS.
B id . A s k .
JtiAJNKS.
B id. A sk .
942.0
8.794.0
659.0
5.976.0
___ _
N .Y . C o ’ n t y 630
310
325
225
265.8
3.863.2
___ __
N .Y . Nat. E a 130
400
158
2.922.4 22,125,4
128;
124
G erm a n A m . 126
B o w e r y .........
505.4
5.545.0
19th W a r d .. 190
G erm an E x . .
259
213.0
1.456.1 B r o a d w a y . . . 255
170
G e r m a n ia .... 340
190
183
3 61 .0
3.441.0
235
G re e n w ic h .. 160
135
145
76,0
3.419.1
190
335
340
430
323.3
2.546.1
317
P a rk .............. 310
H u d . R iv e r .. 156
420
408
734.0 16,029,]
320
P e o p le ’ s ___ 280
650
736.5
6.331.4 C h e m ic a l___ 4400 4800 I m . & T r a d ’ s ’ 630
P l i e n ix ......... 125
180
160
400
561.9
3.366.1
___ _
P r o d u ce E x .
245
L e a th e r M fs ’ 232
155
165
467.7
3.433.4
177
400
C o lu m b ia ___ 275
416.4
8.286.7
S e a b o a r d . . . 175
M a n h a tt a n .. 200 210
200
195
1,084,7
6,572,$
325
240
M a r k e t s Ful 232
130 il3 5
523.1
5,525A
125
M e h a c n ic s ’ .. 190
255
275
153.6
2,071,$
160
ShtfeA L e ’ th 155
180
115
618.4
5,892,,
St. N icholas. 130
M e r c a n t ile .. 220 235
160
150
233.0
2.506.1
S o u t h e r n .. 110 %
155
M e r ch a n ts ’ . . 147
l l t h W a r d ... 200
429.0
5.123.1
.....a
S ta te o f N .Y . 115
M e r ch ’ ts E x . 132
2000
160.0
1,603,'
112
M e t r o p o lis . . 440
1.087.4 10,896,'
F ift h ...............
T ra d e sm ’ n ’ s 111
500
F ir s t ............. 250 0 ........ M t. M o r r is ..
159.8
5,031,
225
U n ’d S ta te s 212
M u r r a y H ill
F ir s t N., S. I . 115
369
117%W e s te rn — 114
N assau........... 1*7*6
14th S t r e e t .. 175
W e s t S id e ..
N ew Y o r k ...
235
200 2<*5
4 9 .6 5 0 ,7 4 6 2 ,0 0 4 3 Fnnrth.
I HE CHRONICLE.
March 11, 1893.]
407
BOSTON, PHILADELPHIA. AND BALTIMORE STOCK ^XCHANOES.
Active Stocks.
1 In d ic a t e s u n lis te d
S h a re P r ic e * — n o t P e r C e n tn m P r ic e s .
S a tu rd a y ,
M a rch 4.
M onday,
M a r c h 6.
31% 32%
31% 32%
A k ch. T .'A S. F e ( B o s t o n ) . 1 0 0
<
*3%
3%
3%
A tla n tic & P a c.
“
100
*92
92%
B a lt i m o r e & O h io ( B a l t . ) . 1 0 0
Let p r e f e r r e d
“
100
2d p r e fe rr e d
“
100
25% 25%
B a lt i m o r e T r a c ’n . ( P / i i L ; .........
2 5 78 2 5 %
217
216% 216%
B o s t o n & A l b a n y ( B o s to n ) . 10 0 2 1 7
*191
192
-----B o s to n & L o w e ll
“
100 191
170
B o s t o n & M a in e
**
100 169
1 6 9 ^ 169
1 7 ^ 18
18
18
C e n tra l o f M a ss.
M
100
54
54
54
54
P r e fe r re d
“
100
93% 95%
94*2 9 5 %
O h lc .B u r .& Q u in .
“
100
7 6 % 76%
76% 77
C h ic . M il. & S t . P . ( P h i l . ) . 1 0 0
C h ic . & W . M ic li. (B o sto y i> .1 0 0
6
C le v e . & C a n t o n
“
100
*5%
16
16%
P r e f e r r e d ___
“
100 *16%
92% 93
93
93
F itc h b u r g p r e f.
“
100
37% 37%
H a n t. & B r. T o p . (P h ila ) . 5 0
37% 37%
*52% ...
P r e fe r re d
“
50
52% 52%
46% 47
46
46%
L e h ig h V a l l e y
“
50
•125
127
....
M a in e C e n t r a l ( B o s t o n ) . 1 0 0 1 2 5
134
134%
135
M e t r o p o li t a n T r & c .( P h i l ) ____ 1 3 5
1 0 % 10%
10%
1 0%
M e x i o a n C e n t ’ J f--B o sto n ). 1 0 0
29
30%
N. Y. & N . E n g.
“
100
30% 30%
80
83
85
85
P r e f e r r e d ___
“
100
7 0 % 70%
N o rth e r n C e n tra l ( B a lt .). 50
15% 15%
16% 16%
N o r t h e r n P a c i f ic ( P h i l a .) . 1 0 0
33% 38%
P r e fe r re d
“
100
3 8 % 39%
203
203
203
O ld C o l o n y ----- ( B o s t o n ) . 1 0 0 2 0 3
53
53%
52% 53%
P e n n s y l v a n i a .. ( P h i l a . ) . 5 0
P h ila d e l. <fc E r i e .
“
50
1 1 % 121 31(
P h ila . & R e a d in g
“
5 0 1 2 H i 6 13
...........1 3 4
P h ila d e lp h ia T r a c . “
___ * .............1 3 4
S u m m it B r a n c h ( B o s t o n ) . 5 0
37
37%
36% 37%
U n io n P a c i f ic
“
100
232
*231
U n it e d C o s .o f N .J . ( P h i l a .) 1 0 0 2 3 0 % : !3 2
6
6
W AR ternN . Y .& P a ( P h i l a .) . 1 0 0
6
6
iH [if* c e lia iie A > u «» S t o c k s .
A m .S a g ’ r R e f ln .H f B o s t o n j......... 1 2 5
126% 122% 125%
101%
P r e f e r r e d ...........
“
___ 1 0 1 % 1 0 1 % 1 0 1
B e l l T e l e p h o n e ..
*•
100 2 0 4
205
203
203%
31 % 31%
B o a t. & M o n t a n a
“
25
32
32
10% 10%
B u tte & B o s t o n ..
“
25
10% 10%
305
305
C a lu m e t & H e c l a
“
25 *303
310
*67
71
C a n t o n C o ............. ( B a l t . ) . 1 0 0
C o n s o lid a t e d G a s
“
100
61
61
45
45
E r ie T e le p h o n e (B o s to n ). 1 0 0 *4 5 % 4 7
104% 105
G e n e ra l E le c t r ic ..
“
100 105
106
P r e f e r r e d .............
“
100 115
112
115
115
L a m s o n S to re S er.
“
50 *22
23%
21% 22
L e h i ’ h C o a l& N a v ' P h i l . j
50
51% 51%
51% 51%
N . E n g . T e l e p h o n e (B o sto n ) 1 0 0 * 5 6 % 5 8
56
56%
N orth A m e r ic a n . (P h il.). 100
*9
9%
1 6 % 16%
W e s t E n d L a n d .. (B o s V n )....
16%
16%
* B id a n d a s k e d p r ice s ; n o s a le w a s m ad e.
inactive Stocks.
B id .
A sk .
P r ic e s o f M a r c h 1 0 .
A tla n ta &
C h a r lo t t e
{ B a l t .) . 1 0 0
100
50
O a t a w ls s a ............................
“
50
1 s t p r e f e r r e d ...........
“
50
2d p r e fe r r e d .......
“
50
O e n t r a l O h io ................
( B a l t .) . 5 0
C h a r i. C o l. & A u g u s t a
“
100
C o n n e c t i c u t & P a s s . (B o s t o n ). 1 0 0
C o n n e c tic u t R i v e r . ..
“
100
D e la w a r e & B o u n d B r . ( P A t i a ,) . 1 0 0
F l i n t & P e r e M a r q . . . (B o s t o n ). 1 0 0
P r e f e r r e d .....................
“
100
H a r .P o r t s .M t .J o y & L . ( P h i la .) . 5 0
K a n . C y F t . S. & M e m . ( B o s t o n ) . 1 0 0
P r e f e r r e d .........................
“
100
K . C it y M e m . & B i r i n .
**
100
L i t t le S c h u y lk i l l ........ ( P h i l a ,) . 5 0
M a n c h e s t e r & L a w . . (B o s t o n ). 1 0 0
M a r y la n d C e n t r a l
(B a lt.) 5 0
M in e H i l l & S. H a v e n ( P h i l a .) . 5 0
N e s q u e h o n in g V a l ___
“
50
N o r t h e r n N . H .............. (B o s t o n ). 1 0 0
N o r t h P e n n s y lv a n ia . ( P h i la .) . 5 0
O reg on S h ort L i n e . .. ( B o s to n ). 100
P e n n s y lv a n ia & N . W . (P h ila .) 5 0
R u t l a n d ............................(B osto y i) . 1 0 0
P r e f e r r e d ....................
100
S eaboard & R o a n o k e .
(B a lt.) 100
1 s t p r e f e r r e d ..............
W e s t E n d .......................... (B o s to n ) . 5 0
P r e f e r r e d ..........................
“
50
W e s t J e r s e y ...................( P h i la ,) . . 5 0
W est J e r s e y & A tla n .
50
W e ste rn M a r y la n d ..
(J
. 50
W ilm . C o l. & A u g u s t a
100
W ilm in g t ’ n & W e l d o n
____
100
W is c o n s in C e n t r a l . . . ( B o s t o n ). 1 0 0
P r e f e r r e d ..........................
*'
-----100
W o r c ’ s t .N a s h .& R o c h .
*
100
80
90
5
58
55%
125
232%
67
82
67%
69
53
84%
50
*50%
"ii'
72
83%
15
106
110
11
72%
83%
59
19
45
M ISCELLAN EO US.
A l l o n e z M in in g ...........(B o s t o n ).
25
•75
A t l a n t i c M in in g ...........
25
9%
C ity P a s s e n g e r R R . . .
( 1 ......, . 2 5
B a y S t a t e G a s ...............(B o s to n ) . 5 0
15%
B o s t o n L a n d .....................
“
10
5
C e n t e n n ia l M i n i n g . . .
“
10
8%
F o r t W a y n e E le c t r ic ^
“
25
12%
F r a n k lin M in in g .........
“
12%
25
F r e n c h m ’ n ’s B a y L ’ n d
**
5
4%
H u r o n M in in g ...................
**
25
I ll i n o i s S t e e l l i ...............
“
100
63
K e a r s a r g e M in in g ___
“
25
9
M o r r is C a n a l g u a r , 4 . (Phii
.1 0 0
P re fe r re d guar. 1 0“
100
25
36
P u llm a n P a la c e C a r . .
“
100 192
Q u in c y M in in g .............
“
25
T a m a r a c k M in in g ___
“
25 160
T h o m .E u r o p .E .W e ld I T
“
100
. U n it e d G a s l m p t .
(P h il.).
64
H U n lis t e d .
§ A n d a c c r u e d in te re s t,
•90
10
15%
8*4
1 2 34
12%
5
9%
80
200
36%
193
135
162
.........
T u esd ay,
M arch 7 .
31%
3%
*91
25
216
191
168
■ 18
52%
93%
76%
44
*5%
16
92
*35%
51
46%
125%
124
10%
25%
75%
*16**
38%
200%
52%
11%
130%
36%
231
5%
117%
101
202%
31%
10%
305
*67
60
*45%
104%
112
*20
51
32%
3%
92%
W ednesday,
M a rch 8.
3 2 % 32%
*3% . . . . .
*91% 94
T h u rsd a y,
M a rch 9.
31%
*91
32%
93
25%
25
25%
25 % 25%
217
217
219
217% 218
192
192
192
191
191
169
169
170
170
172
19
19
18
18% 18%
52% *54
55
94%
94
94%
9 3 % 94**
76% 76%
77%
77
77%
44
6
*...........
6
16% 16%
16
16
16
92
92
92
91% 92%
36%
35% 35%
36
...........
52%
50% 50%
50% 51 .
46%
47% 48%
465 8 4 8
*125
127%
125% 4 2 6
127
130
130
130
129 % 130
10%
1 0 % 1 0%
10% 10%
28%
25
27
25% 26%
79
70
75
75
77
70
* .......... 7 0
70
16%
15%
16
15% 15%
40
39% 40
38% 39%
201
201
2 0 0 % 201 % 2 0 1
53%
53
53%
53% 53%
*
29
12%
1 1 % 1 2 3 ,6 i * i 3 * ; ; * i u i l6
130% 127
128% 130
128
*6
7%
37% 37%
*36%
37% 37%
232
232
232
230% ...
5%
5%
5%
5%
5%
122%
101%
204
32
10% ,
305
120%
101%
203
31%
10%
305
"6*0%
*6*0%
*45%
104%
114
21
51%
55
*9
17%
105
112
21
51%
*9
...........
16% 17%
Inactive stocks.
123 % 1 1 8 % 121%
101% 1 0 0 % 101 %
204
204% 203
31% 31%
31%
10
10%
10%
305
305
305
75
* .......... 7 5
60%
59% 60%
*4 5
47
47
105% 104 % 104%
112
114
114
21
21
21
52
52
51%
55
*........... 5 6 %
*9
...........
17%
17% 18%
B id .
A sk .
2
W a t e r P o w e r ........... . ( B o s t o n ) . 1 0 0
3 3 % 34%
50
W e s t in g . E l e c t r i c
B o n d s — B o s t o n ..
T
A t . T o p .& S .F .1 0 0 - y r .4 g .,1 9 8 9 , J & J < 8 1 % 8 2
2 d 2 % - 4 s , g . , C la s s A . . 1 9 8 9 , A & O 1 5 3
B u rl. & M o . R iv e r E x e m p t 6 s, J&
N o n - e x e m p t 6 s ............... 1 9 1 8 , J & J
P l a i n 4 8 ............................... 1 9 1 0 , J & J
C h ic . B u r l. & N o r . 1 s t 5 ,1 9 2 6 , A & O >102
103
102
2 d m o r t . 6 s ..................... 1 9 1 8 , J & D
D e b e n t u r e 6 s ................. 1 8 9 6 , J & D
C h ic . B u r l .& Q u i n c y 4 s . . 1 9 2 2 , F & A
I o w a D i v i s i o n 4 s .........1 9 1 9 , A & O
95
C h ic .& W .M ic h . g e n . 5 s , 1 9 2 1 , J & D
97
97%
C o n s o l, o f V e r m o n t , 5 8 .1 9 1 3 , J & J
C u rre n t R iv e r , 1 st, 5 s ..1 9 2 7 , A & O
D e t . L a n s .& N o r ’ n M . 7 s . 1 9 0 7 , J & J
105
E a s t e r n 1 s t m o r t . 6 g . , 1 9 0 6 , M & S >120
E r e e .E lk . & M . V . , l s t , 6 S .1 9 3 3 , A & O >122%
U n s t a m p e d 1 s t, 6 s — 1 9 3 3 , A & O
K .C . C .& S p r i n g .,1 s t ,5 g . , 1 9 2 5 , A & O
K C. F . S. & M . c o n . 6 s , 1 9 2 8 , M & N >100
K .C . M e m . & B i r ., 1 s t ,5 s ,1 9 2 7 , M & S
K.
C. S t . J o . & C. B . , 7 s . . 1 9 0 7 1 9 % J
,1 , J &
L . R o c k & F t . 8 ., 1 s t , 7 s . . 1 9 0 5 , J & J
95%
L o u is .,E v .& S t .L .,l 8 t ,6 g . 1 9 2 6 , A & O
2 m ., 5 —6 g .................... 1 9 3 6 , A & O
M a r . H . & O u t ., 6 s .......1 9 2 5 , A & O
E x t e n . 6 s .......................1 9 2 3 , J & D
M e x ica n C e n tr a l,4 g . . . 1 9 1 1 , J& J
62% 63%
1 s t c o n B o l.in c o m e s , 3 g , n o n -c u m .
20% 20%
2 d c o n s o l, in c o m e s , 3 s, n o n -cu m .
N . Y . & N .E n g ,, 1 s t , 7 s , 1 9 0 5 , J & J 1 2 0 % 1 2 1
1 s t m o r t . 6 s ................. 1 9 0 5 , J & J
110%
2 d m o r t . 6 s ...................1 9 0 2 , F & A
>103
O g d e n . & L . C ., C o n .6 s .l9 2 0 ,A & O §
I n c . 6 s ......................................... —1 9 2 0
R u t l a n d , 1 s t , 6 s ..............1 9 0 2 , M & N
2 d , 5 s ................................1 8 9 8 , F & A
B o n d s .— P h ila d e lp h ia
l le g h e n y V a l . , 7 3 -1 0 s , 1 8 9 6 , J & J 1 0 7 %
A t l a n t i c C it y 1 s t 5 s , g ., 1 9 1 9 , M & N
104
B e l v i d e r e D e l., 1 s t , 6 s . . 1 9 0 2 , J & D 1*12%
G a t a w is s a , M ., 7 s ......... 1 9 0 0 , F & A 1
C le a r fie ld & J e f f., 1 s t, 6 s . 1 9 2 7 , J & J il* 7
C o n n e c t in g , 6 s .......... 1 9 0 0 - 0 4 , M & S
D e l. & B ’d B r ’ k , 1 s t , 7 s . 1 9 0 5 , F & A 1 2 5
E a s t o n & A m . l s t M . ,5 s . 1 9 2 0 , M & N 1 1 0
E lm ir . & W ilm ., 1 s t , 6 s . 1 9 1 0 , J & J . 1 1 8
H u n t . & B r ’ d T o p , C o n . 5 s . ’ 9 5 ,A & O
102%
L e h ig h N a v . 4 % s ...........1 9 1 4 , Q— J
109
2 d 6 s , g o l d .....................1 8 9 7 , J & D
110
110%
G en era l m o rt. 4 % s, g .l9 2 4 ,Q —F 104
L e h ig h V a lle y , 1 s t 6 s . . . 1 8 9 8 , J & D 1 1 0 %
2 d 7 s ..................................... 1 9 1 0 , M & S .......... 1 3 3
C o n s o l. 6 .............................1 9 2 3 , J & D 1 2 5
127
N o rth P en n . 1 s t, 7 s . . . . 18 9 6 , M & N 111
112
G e n . M . 7 s ..........................1 9 0 3 , J & J j 1 2 5
126%
P e n n s y lv a n ia g e n . 6 s , r . . l 9 1 0 , V a r 1 2 9
130%
C o n s o l. 6 s , c
. ............ 1 9 0 5 , V a r .........
C o n s o l. 5 s , r ........................ 1 9 1 9 , V a r ..........
C o lla t . T r . 4 % g ............ 1 9 1 3 , J & D ! ..........
P a . & N . Y . C a n a l,7 s ...1 9 0 6 ,J & D 126
f L a s t p r i c e t h is w e e k
F r id a y ,
M a r c h 10 .
31% 32%
3%
3%
*91
92%
133
...........
122
125
25% 25%
|215
218
173
175
*1 9
.........
55
56
93% 94%
76% 76%
*...........
6
*16
.....
91% 91%
*36
...
*50% ...
48
48%
130
i.3 0 %
S)78 1 0 %
26
27
71 *2 7 3
*68
69%
16
16
38
38%
2 0 0 * 3 20013
5 3 % 5338
27% 27%
113s 111 5l6
130
130
*6%
7%
37
37
2 3 1 % ____
*5%
6
118
1197%
202%
31%
10
305
*68
60
*45%
99%
119%
100
203
31%
10%
305
71
60
47
104%
*2 1
22%
51% 51%
56
56
*9
.........
18
20
I L o w e s t is
B a le s
o f th e
W eek,
S h a res.
R a n g e o f s a l e s in 1 8 9 3 .
L ow est.
1 8 ,0 5 7
250
3 1 % F eb.
3
F eb.
93% Jan.
135
F eb.
122
Jan.
2 ,5 1 5 ! 2 5
F eb.
240 208
Jan.
90 186% Jan.
1 ,2 3 9 1 6 3
F eb.
2 9 5 1 1 7 % M ar.
“
220 46
Jan.
1 4 ,3 5 8 9 3 % F e b .
3 ,7 0 0 753a F e b .
7 44
F eb.
5
F eb.
’ *6 4 0 1 6
F eb.
311 87% Jan.
275 33% F eb.
555 49
F eb.
9 ,2 9 6 4 4 % F e b .
4 125
Jan.
4 ,1 2 7 1 2 4
M ar.
4 ,7 8 6
9 7e M a r .
2 1,4 7 5 2 5
M a r.
1 ,5 5 2 7 0
M ar.
7 68% Jan.
1 ,3 4 4 1 4 % F e b .
9 ,9 2 2 3 6 ° 8 F e b .
264 184 % Jan.
7 ,3 4 2 5 2 % F e b .
5 0 2 7 % M ar.
1 0 6 ,9 7 7 1 1 3 ,8 M a r.
1 ,1 4 1 1 1 5 % J a n .
6
Jan.
1 ,3 4 i 3 6 % F e b .
29 2 3 0
Jan.
1 ,4 6 2
5 % M a r.
3 8 ,9 8 8
1 ,7 8 7
910
1 ,0 0 1
1 ,3 0 0
59
830
200
5 .9 2 1
3 ,3 2 2
340
564
41
9 ,4 8 6
e x d iv i
111%
x97%
198%
31%
10
295
70
58%
45
99%
112
15%
51
55
9
16%
dend.
Jan.
M ar.
F eb.
M ar.
F eb.
Jan.
Jan.
Jan.
F eb.
M ar.
Jan.
Jan.
F eb.
M ar.
F eb.
F eb.
Bonds.
H ig h e s t .
3680 J a n .
4% Jan .
97% Jan.
135
F eb.
122
Jau.
29% Jan .
227
F ob.
200
F eb.
178
Jan.
22% Feb.
62% Feb.
103% Jau.
83% Jan.
49% F eb.
6
F eb.
19% F eb.
95
F eb.
40% Jan.
56
Jan.
62
Jan.
130
F eb.
150% Jan .
13
Jan.
52
Jan.
102
Jan.
70% Jan.
18% F eb.
50% F eb.
221
Feb.
55% Jau.
35
Jan.
26% Jan.
142% Feb.
7
F eb.
42% Jau.
230% Jan.
7% Jan.
16?
14
2V
13
18
2 4k
8
6
26
14
14
21
23
3
3
3
6
12
9
27
6
26
16
17
13
23
6
6
6
27
16
25
8
28
27
6
24
134% F e b .
6
19
27
16
17
21
18
21
16
16>
18
26
2
20
23
4
104%
'2 1 2
34%
12
320
72%
62%
50%
114%
119
26%
54%
61%
11%
18
Jan.
Jan.
Jan.
Jau.
Jan.
Jan.
Feb.
Jan.
Jan.
Jan.
F eb.
F eb.
Jan.
Jan.
Jan.
I B id .
AJS*
P a .& N .Y .C a .,7 s ,c o n .o s .1 9 3 9 , A & O
113
P e r k i o m e n , 1 s t s e r ., 5 s . 1 9 1 8 , Q — J
P U ila .& E r i e g e n . M . 5 g .,1 9 2 0 , A & O 1 1 5
G e n . m o r t ., 4 g .............1 9 2 0 , A & O
101%
P h il a & R e a d , n e w 4 g ., 1 9 5 8 , J & J
73% , 73% .
47% : 4 7 %
1 s t p r e f. in c o m e , 5 g, 1 9 5 8 , F eb 1
32
32%
2 d p r e f. in c o m e , 5 g , 1 9 5 8 , F eb . 1
2 3 % ' 231©
3 d p r e f. in c o m e , 5 g , 1 9 5 8 , F e b . 1
2 d , 7 s ..................................1 8 9 3 , A & O
1104%
C o n s o l, m o r t . 7 s ...........1 9 1 1 , J & D
126
129
C o n s o l, m o r t . 6 g ...........1 9 1 1 , J & D
121
Im p ro v e m e n tM . 6 g ., 1 89 7, A & O
LOS
C o n . M .,5 g .,s t a m p e d ,1 9 2 2 , M & N
99
P h il. R e a d . & N . E . 4 s ................1 9 4 2
I n c o m e s , s e r ie s A ......................1 9 5 2
I n c o m e s , s e r ie s B ......................1 9 5 2
P h il . W ilm . & B a lt ., 4 s . 1 9 1 7 , A & O
P it t s . C. & S t. L „ 7 s . . . . 1 9 0 0 , F & A 1 1 4 %
P o ’k e e p s ie B r id g e , 6 g . 1 9 3 6 , F & A
S c h u y l . R . E . S i d e ,l s t 5 g .1 9 3 5 , J & D
101%
8 t e u b e n . & I n d ., 1 s t m . , 5 s . 1 9 1 4 , J & J 1 0 7
U n it e d N . J . , 6 g ............... 1 8 9 4 , A & O 1 0 5
W a r r e n & F r a n k ., 1 s t,7 s , 1 8 9 6 ,F & A 1 0 5
B o n d s .— B a lt im o r e . _
A t l a n t a & C h a n ., 1 s t 7 s , 1 9 0 7 , 7 & J 1 1 4 % 115%
9 7 % 99
I n c o m e 6 s ........................1 9 0 0 , A & O
B a lt i m o r e & O h io 4 g . , 1 9 3 5 , A & O
P i t t s . & C o n n ., 5 g . . . l 9 2 5 , F & A
S t a t e n I s la n d , 2 d , 5 g . 1 9 2 6 , J & J
103%
B a l.& O h io S . W . , l s t , 4 % g . l 9 9 0 , J & J 1 0 8
109
93
C a p e F .& Y a d .,S e r .A .,6 g .l 9 L 6 , J & D
94
9
S e r ie s B ., 6 g ............................... 1 9 1 6 , J & D0
92
S e r ie s C ., 6 g ...............................1 9 1 6 , J & 9 1
D
93
C e n t. O h io , 4 % g ............... 1 9 3 0 , M & S
C h a r i. C o l.& A u g . 1 s t 7 8 .1 8 9 5 , J & J 1 0 2
102%
G a . C a r. & N o r. 1s t 5 g . . 1 9 2 9 , J & J
9 8 % 99
11
N o r t h . C e n t. 6 s ..............................1 9 0 0 , J & J 2 % 113
6 s ...................................................... 1 9 0 4 , J & J 7
11
119
11
S e r ie s A , 5 s ................................ 1 9 2 6 , J & J 1
4 % s ......................................1 9 2 5 , A & O 1 0 8
103%
O x . & C la r k ., 6 s , i n t . g u . b y R . & D . ,
99
P ie d m .& C u m ., 1 s t , 5 g . 1 9 1 1 , F & A
100
P i t t s . & C o n n e lls . 1 s t 7 s . 1 8 9 8 , J & J 1 1 1
V i r g i n ia M id ., 1 s t 6 s . . . 1 9 0 6 , M & S 1 1 0
112
2 d S e r ie s , 6 a ..................... 1 9 1 1 M & S 1 0 9 % 1 1 0 %
3 d S e r ie s , 6 s ................... 1 9 1 6 , M & S
4 t h S e r ie s , 3 - 4 - 5 s ........ 1 9 2 1 , M & S
98
5 t h S e r ie s , 5 s ................. 1 9 2 6 , M & S
98%
W e s t V a . C. & P . 1 s t , 6 g . 1 9 1 1 , J & J 1 0 7
108
We.f t’ L N .C . C o n s o l. 6 g . 1 9 1 4 , J & J
117%
W ilm . C o l. & A u g ., 6 s . . 1 9 1 0 , J & D 1L 6
MISCELLAN EOUS.
B a lt i m o r e — C it y H a ll 6 s . 1 9 0 0 , Q — J
F u n d i n g 6 s ....................... 1 9 0 0 , Q —J
W e s t M a r y l’ d R R . 6 s . . 1 9 0 2 , J & J
W a t e r 5 s . . . . . . ............ 1 9 1 6 , M & N
F u n d in g 5 s . . . . . . . ___ 1 9 1 6 , M & N
E x c h a n g e 3 % s ............... 1 9 3 0 , J & J
V i r g i n ia (S t a t e ) 3 s , n e w . 1 9 3 2 , J & J
C h esapeak e G a s, 6 s . . ...1 9 0 0 , J& D
C o n s o l. G a s , 6 s . . . . . . . . . . 1 9 1 0 , J & D
5 a ........................................... 1 9 3 9 , J & J
E q u it a b le G a s . 6 s ........ 1 9 1 3 . A & O
114
116
1*2*2*
123"
101%
70
106%
111
101
111
101%
71
10T
112%
101%
112
THE CHRONICLE,
408
|
VOL, L V I
NEW VO ILK STOCK EXCHANGE PRICES (Continued).—ACTIVE BONDS M ARCH 10, AND FOR YEAR 1S 93.
j O los’ n g ] R a n g e ( s a l e s ) in 1 8 9 3 .
C tos’ n g R a n g e ( s a le s ) i n 1 8 9 3 .
P r i c e ----------------------------------------- & .IL B O A D AND MISCEI,. BONDS. M t f M
P e n o a . M a r .1 0
H ig h es t.
L o w e s t.
n o 7*
1 1 0 78 M a r .
A m e r . C o t t o n O il, d e b ., 8 g .1 9 0 0 Q - F
81% Jan.
A f c . T o m A 3 . F . - 1 0 0 - y r . , 4 g . l 9 8 9 J & J 8 2 *4
A & O 5414
52 % F eb.
2 d 2"% -4s, g ., C l. “ A ” . . . . 1 9 8 9
S e p t.
54
M ar.
1 0 0 -y e a r in c o m e , 5 g .........1 9 8 9
...............* 6 9 % b .
673* J a n .
A t l. & P a c .— G u a r , 4 g ----- 1 9 3 7
F eb.
W .D . i n c ., 6 s ..........................1 9 1 0 J & J ] 1 0 b. 1 0
B r o o k l’ n E l e v a t ’ d l e t , 6 , g - 1 9 2 4 A A O 1 1 9 3 8 b '1 1 6 % J a n .
11 0 5
Jan.
D an . S o u t h .— 1 s t g u a r ., 5 b 1908 J & J 1 0 6
9 9 7y M ar.
2 d , 5 s ..........................................1 9 1 3 M & 8 ,1 0 1
F eb.
O s n t . G a — 8 .& W . 1 s t c o n .5 s ,’ 29 .............I 6 1 b . 6 5
F eb.
C e n tr a l o f N . J .— C oh b . , 7 b .1 S 9 9 Q - J * 1 1 5 % a J ] l 5
F eb.
C o n s o l., 7 s ............................. 1902 M A N 1 2 0 b.| 1 20
G e n e r a l m o r t g a g e , 5 g . . 1 9 8 7 J & J 1 1 0 % | l0 8 7e J a n .
L e h . & W . B . , c o n . , 7 s , a # d . l 9 9 0 Q —M 110 a . 11 0 7 *4 M a r .
Jan.
d o . m o r t g a g e , 5 s ...........1 9 1 2 M & N 9 7 b.l 9 5
A m . D o c k A I m p ., 5 s ----- 1 9 2 1 J & J ................1 0 8 % J a n .
J A J 1 0 8 - l. ! i 0 8 % J-a u .
b
C e n tr a l P a c i f ic — G o l d , 6 b . . 1 8 9 8
O 1 2 0 a. 116
Jan.
CU ea. A O h io —M o r t ., 6 g . . 1911- A A
fe N 1 0 4
10 2 % Jan.
l e t c o n s o l . , 5 g ..................... 1 9 3 9 M <
79% Jan.
G e n . 4*28, g ............................1 9 9 2 M & S 8 2 %
&
8 1 b. 7 8 % J a n .
f i . A A . D i v . , l s t e o n . ,2 -4 g. 1 9 8 9
7 5 b. 7 7
Jan
do
2 d c o n . , 4 g . ..1 9 8 9 | J A
& J 118%
1 1 7 % M a r.
O k ie . B u r l. A Q .— C o n ., 7 s . 1 9 0 3 J
101
F eb.
D e b e n t u r e , 5 b ....................... 1 9 1 3 M & N 1 0 1
C o n v e r t i b l e 5 s ......................1 9 0 3 M & 8 101 a. 1 0 2 % M a r.
91 % F eb.
D e n v e r D iv i s io n , 4 s ........ 1 9 2 2 F & A 9 3
8 6 b.
86 Jan.
N e b ra sk a E x te n s io n , 4 s . 1927 M A N
1 1 33g J a n .
C a lc . A E . 111.— 1 s t , s .f ., 6 8 .1 9 0 7 J & 0 1 1 4 %
A A 0 :ll 4 % a . 121
Jan.
C o n s o l . , 6 g .................
1934
JaD .
G e n e r a l c o n s o l . 1 s t , 5 s . . 1 9 3 7 M & N ilO O b. ICO
101% Jan.
C h i c a g o A E r i e — 1 s t , 4-5 g . 1 9 8 2 M & N |1C2%
36
M ar.
I n c o m e , 5 s ..............................1 9 8 2 O c t ’ b ’r 3 9 %
& J 9 0 % b . 9 0 % M a r.
C liic . G a s L . A C . — 1 s t , 5 g . 1 9 3 7
U h ic .M ii . A S t . P . — C o n .7 s . 1 9 0 5 J & J 1 2 7
125
F eb.
l e t , S o u t h w e s t D iv ., 6 s . 1 9 0 9 J & J 1 1 2 b. 1 1 4
F eb.
1 s t, 8 0 . M in . D iv ., 6 e ___ 1 9 1 0 !J A J 1 1 6
113
Jan.
l s t . C h .A P a e . W .D i v . , 5 S .1 9 2 1 J & J 10934 1 0 8 % J a n .
C h ic. <fcMo. R i v . D i v . , 5 8 .1 9 2 6 J & J I 1 0 4
102% Jan.
W is. A M in n . D iv ., 5 g . . 1 9 2 1 J A J j3 0 6 b . 1 0 5
Jan.
T e r m in a l, 5 g ....................... 1 9 1 4 J A J 107 % b, 1 0 5 % J a n .
G c d . M ., 4 g . , s e r ie s A . . . 1 9 8 9 'J A J| * 9 3 b .j 9 0 % J a n .
M il .A N o r .— 1 s t , c o n . , G s .1 9 1 3 J A D ,1 1 2 b . i l i 2 % J a n .
O h io .A N .W .— C o n a o l . , 7 s . . 1 9 1 5 , Q - F I i3 5 % | 1 3 4 % F e b .
C o u p o n , g o l d , 7 8 ................1 9 0 2 J A D j i 2 2 b. 1 2 1 % J a m
S in k in g f u n d , 6 s ................1 9 2 9 A A 0 . * 1 1 3 b . 113
Jan.
S in k in g f u n d , 5 s ................1 9 2 9 A & 0 | 1 0 8 % b . 1 0 8 % J a n .
S in k in g f u n d d e b e n . , o s . 1 9 3 3 M A N 1 1 0 %
106% Jan.
2 5 - y e a r d e b e n t u r e , 5 . . . 1 9 0 9 M A N jl 0 5 % b . 1 0 3 % J a u .
E x t e n s i o n , 4 s ....................... 1926 F A a | 9 6 a . 9 5 78 F e b .
C h ic . P e o . A 8 t . L o u is —5 g . 1 9 2 8 M A 8 * i 0 0 a . 9 7 % J a u
C h io .R .I .A P a c .—6 s ,c o u p .1917 J A
J 1 2 3 b. 1 2 0
Jan.
E x t e n s i o n a n d o o l . , 5 s . . .1 9 3 4 J A J 1 0 0 %
100
Jan.
3 0 - y e a r d e b e n t . 5 s ............ 1931 M A S ; 9 2 b. 9 3 % M a r.
C h ic . S t. P . M . A O . — 6 s . . . . 1 9 3 0 J A D | l2 2 % b . 1 1 9 % J a n .
C le v e l a n d A C a n t o n — 5 . . .1 9 1 7 J A J 9 1 % a . 9 0
Jan
C. C. C. A I .— C o n s o l., 7 g . 1 9 1 4 J A
D i l 3 0 b.
G e n e r a l c o n s o l ., 6 g .........1 9 3 4 J A J * 1 2 2 % b . 1 2 0
Jan.
O .C .C .A B t .L — P e o . A E .4 e . 1 9 4 0 ,A A O 7 7 %
77
Jan.
I n c o m e , 4 s ................. ........... 1 9 9 0 , A p r il.
2 2 a. 2 1
F eb.
C o l. C o a l A I r o n — C g .......... 1 9 0 0 F A A 1 0 3 b 1 0 3
F eb.
C o L M id la n d — C o n ., 4 g . . . 1 9 4 0 F A A 6 3 %a. 6 3 % F e b .
O o L H .V a l.A T o l.— C o n .,5 g . 1931 jM & 8 9 0 %
8 0 % M ar.
G e n e r a l , 6 g ...........................1 9 0 4 J A D 9 6
9 4 % J a il.
D e n v e r A R i o G .— 1 s t, 7 g . 1 9 0 0 M A N l l S % b 1173a J a n .
8 6 % b. 8 4
1 s t c o n s o l ., 4 g ..................... 1 9 3 6 J A J
Jan.
D e t . B . C it y A A l p e n a — 6 g . 1 9 1 3 ; J A J 7 3 %a. 6 5
Jan.
D e t . M a c .A M . — L ’d g r a n t 8 .1 9 1 1 jA A O
3 8 b. 3 8
Jan.
D a l. S o. 8 h . A A t l.— 5 g ____1 9 3 7 1J A J .1 0 2
a. 9 7
Jan.
E . T e n n .V A G . — C o m , 5 g . 1 9 5 6 M A N
92
90% Jan.
K n o x v i l l e A O h io , 6 g . . . 1 9 2 5 J A J iiO O b. 1 0 0
Jan.
E lis . L e x . A B i g S a n . —5 g . 1 9 0 2 M A Si 9 7 b. 9 6 % J a n .
F t . W . A D e n v . C i t y - 6 g . . 1 9 2 1 iJ & D O s ’ s
98
Jau.
& a l.H .& 8 a n A n . - W .D i v .l s t ,5 g J H & S i 9 7 b. 9 6 % J a n .
H a n . A 8 t . J o s . — C o n s ., 6 b . 1 9 1 1 -M A S i i 3 % b . 1 1 3 % M ur.
H o u s .A T e x . C . — G e n . 4 s , g .1 9 2 1 A A O j C8 a. 6 7
Jan.
I l l i n o i s C e n t r a l— 4 g ............. 1 9 5 2 A A 0 | 1 0 2 % b . IOC % J a n .
I n t .A G t . N o . — 1 s t , 6 g . ( E x .) 1 9 i 9 M A N 1 1 1 %
109
Jan.
2 d 4 % - 5 s ............................... 1 9 0 9 iM A Sj OS b.
68
Jau.
I o w a C e n t r a l— 1 s t, 5 g .........1 9 3 8 J A I>j 8 7 a.
8 7 % M ar.
K e n t u c k y C e n t r a l— 4 g ___ 1 9 8 7 J A j ! 8 5 %
81
Jau.
K i n g s C o. £ 1 .— 1 s t , 5 g ___ 1 9 2 5 J A J ,1 0 3 %
99% Jan.
8 4 3 j im .
4
L a c l e d e G a s — 1 s t , 5 g .......... 191SI Q — F j 8 5
L & k e E r ie A W e s t .— 5 g . . . . 1 9 3 7 ! j A J 1 1 0 %
1 0 8 % J an .
L ,S h o r e — C o n .c p .,l s t ,7 s .l 9 0 0 J A J l l£ % b . 118
Jau.
C o n s o l, c o u p . , 2 d , 7 s .........1 9 0 3 [J A 1>:121
121
M ar.
L o n g I s l d — 1 s t, c o n . , 5 g . . 1 9 3 1 Q— J 1 1 6 b . 1 1 3 % F e b .
G e n e ra l m o r tg a g e , 4 g .,1 9 3 8 J A D j 9 4 %
I 91
M ar.
L o u is . A N a s h .— C o n s ., 7 s . 1 8 9 8 A A O m l l % b . 1 1 1 % J a m
V
K .O . A M o b . 1 s t , 6 g ----- - 1 9 3 0 'J A J 1 2 2
11 1 9 J a u .
do.
2 d , O g .......... 1930|J A J 1 0 9 b . n o
F eb.
G e n e r a l, 6 g ...........................1 9 3 0 J A D j l l 7 b . 11 1 7
Jan.
U n ifie d , 4 g ...........................1 9 4 0 J
A J 82%
I 80% Jan.
N a s h .F l .A S h .— 1 s t g t d . 5 g . ’ 3 7 !F A A 1 0 0 b.| 9 9 % M a r .
L o u is . N .A . A C h .— 1 s t, 6 s . 1 9 1 0 J A J : l 11 a . 1 0 9
1
Feb.
C o n s o l., 6 g ...........................1 9 1 6 A A O 1 0 5
103
M ar.
L o u ie . 8 t. L . A T e x a s — 6 g . l 9 1 7 i F A A| 9 2 %
93% F eb.
M e tro . E le v a te d — l e t , 6 g .1 9 0 8 J A J 1 1 7 %
116
Jan.
S d , 6 e ........................................ 1 8 9 9 M A N 1 0 7 b. 1 0 6 % J a n .
M io h . C e n t.— l e t , c o n . , 7 s . . 1 9 0 2 M A N I 2 0 % b . 'l l 9 % J a n
C o n s o l., 5 s ...........................1 9 0 2 M A N * l1 0 6 % b . jl 0 6 % J a m
M I L L a k e S li. A W .— l e t , 6 g . 1 9 2 1 M A N 1 2 5 a . >125
F eb.
E x t e n . A I m p . , 5 g .......... 1 9 2 9 F A A 10 »J a . 'l 0 6
Feb.
M . K . A T .— 1 s t 4 s , g ...........1 9 9 0 J A D , 8 1 %
79% Jan.
* S d 4 s , g ...................................1 9 9 0 F A A ! 4 1 b. 4 1 % M a r .
t t O .P a < d l o — l e t , c o n . , 6 g . 1 9 2 0 M A N l l 2 % b . 1 1 2
Jan.
8 d , 7 e .........................................1 9 0 6 M A N 1 1 5 b . 1 1 4 % J a n .
P a c . o f M o .— 1 s t, e x . , 4 g . 1 9 3 8 F A A 1 0 0 % a 1 0 0
Feb.
114%
83%
57%
57
71%
11%
120
107%
103%
70%
116
122
112%
li 0
98
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
M a r.
F eb .
Jan.
Jan.
M ar.
F eb.
F eb.
Jan.
F eb.
10934 F e b .
1 0 9 % Jan.
118
F eb.
106
F eb.
85% F eb.
8 2 3 F eb.
4
80
F eb.
121
Jan.
102% Jan.
108% Jan.
9434 J a n .
83% Jan.
1 1 4 % M a r.
1 2 3 % M a r.
10 2 % F eb.
103 % F eb.
4434 J a n .
92% F eb.
128
Jan.
1 14 % Feb.
1 1 6 % Feb.
311
Jan.
10 4 % Jan.
107
M a r.
1 07 % F eb.
9 3 % Feb.
115
F eb.
138
Jan.
1 2 2 % Feb.
115
F eb.
109
Jau.
112
F eb
F eb.
106
98
Jan.
99
Jan.
125
Jan.
1 0 1 % F eb
9 7 % Feb.
12234 i-eb.
92
Feb.
122% Feb.
79
Jan.
2634 J a n .
108
Jan.
67
Jan.
94 % Jan.
97
Jan.
1 18 % F eb.
8 8 % F eb.
74
Jan.
40
J an .
102% Feb.
9 3 % F eb .
104 % F eb.
101
F eb.
100% Jan .
9 7 % Feb.
117 % F eb.
70
J am
102
Jan.
112
F eb.
7 2% F eb.
90
F eb.
86
F eb.
,1 0 3 % F e b .
i 87% Jan.
113
F eb.
119
Jam
122 % Jau.
116% F eb.
96
Jan.
113
Jan.
122
M ar.
110
Feb.
,1 1 8
Feb.
I 8 3 % Feb.
|101
M ar.
111
Jan.
jl0 9
Jau.
! 9 8 3g J a n .
11 8 % Feb.
1 0 8 % Feb.
;1 2 1
Jan.
1 0 6 % Feb.
127% Jau.
109% Jan.
I 82% F eb.
I 50% Jan.
113
M ar.
!ll5
Jam
102
Jan.
R a i l r o a d a n d M i s c e l . B o n d s . In terest] P r ic e
------------------------------------------P e r io d . M a r . 10
L o w e s t. I H ig h e s t
A J ‘ ,1 0 8 % a . 1 0 6 % J a u . 1 0 3 % Jan .
P a c o f M o .— 2 d e x fc e n .5 8 .1 9 3 8
D 1 1 4 b. 115
Jan. 115
Jam
M o b ile A O h io — N e w , 6 g . . l 9 2 7
57%
5 7 % M ar.
63
Jan.
G en eral m o rtg a g e , 4 s . .. 1938 M A S
Jan.
Jan. 130
N a s h . C h . A S t .L .— 1 s t , 7 8 .1 9 1 3 J A J j l 2 8 % a . : 1 2 5
Jan. 105
Feb.
C o n ., 5 g .................................1 9 2 8 A A O 1 0 4 % b . 1 0 3
M li .
«
N .Y . C e n tr a l—E x t e n d . , 5 s . 1 8 9 3 M A N |103
101
J a n . i1 0 3
F eb.
1 s t , c o u p o n , 7 s .....................1 9 0 3 J A J , * i 2 3 b . 1 2 1 % J a n . 1 2 4
M a r . 1 8 % J an.
D e b e n ., 5 s , c o u p ., 1 8 8 4 . . 1 9 0 4 M A S 1 0 6 b . 1 0 6
10
Jan . 119% F eb.
N . Y . A H a r le m — 7 s , r e g . 1 9 0 0) M A N ............... 1 1 9
1 1 3 % J a n . 1115
F eb.
R . W . A O g d .— C o n ., 5 s . . 1 9 2 2 : A A O 1 1 4 %
99% F eb.
97
Jan.
N . Y . C h ic . A S t. L .—4 g . . .1 9 3 7 ’ A A O 9 8
F eb. 111% Jan.
N . Y . E l e v a t e d - 7 8 ................. 1 9 0 6; j a J 1 1 0 b. 1 1 0
N .Y . L a c k . A W .— 1 s t , 6 s . .1 9 2 1 J A J 1 2 9 % b. 1 2 8
M ar. 13 L F eb .
Jan.
C o n s t r u c t i o n , 5 s ................. 1 9 2 3 F A A*, 1 0 6 % b . 1 1 2 % F e b . 1 1 4
N .Y .L .E .A W .— 1 s t ,c o n .,7 g . 1 9 2 0 M A 8 | l3 4 %
1 3 4 % M a r . 1139% J a n .
L o n g D o c k , 7 s ......................1 8 9 3 J A D * 1 0 1 % b. 1 0 1
J a n . !3 0 1 7e F e b .
122
Jan. 125
F eb.
C o n s o l., 6 g ..........................1 9 3 5 A A O
99
F e b . i1 0 5
Feb
2 d c o n s o l ., 6 g ..................... 1 9 6 9 J A D
N . Y . O . A W .— R e f . 4a , g . ,1 9 9 2 M A S
82
M ar. I 8 6 % Feb.
106% Jan. 108% Jan.
C o n s o l. 1 s t, 5 g ....................1 9 3 9 J A D
105
Jan. 10 6 % F eb.
N .Y .S u s .A W — l e t r e f . , 5 g . 1 9 3 7 J A J
118
J a n . 1 2 0 % M ar.
M id la n d o f N . J ., 6 g ------1 9 1 0 A A O *
N o r f . A S o u t h .— 1 s t, 5 g . . . l 9 4 1 M A N
90
N o r f . A W .— 1 0 0 -y e a r , 5 g . 1 9 9 0 J A J
Jan.
91
Jan.
M d . A W a s h . D i v . - l s t , 5 g .1 9 4 1 J A J
N o r t h .P a c .— l e t , c o u p . , 6 g . 19 2 1 J A J
118
F eb.
115
G e n e r a l, 2 d , c o u p . , 6 g . . l 9 3 3 A A O
F eb.
It 8
G e n e r a l, 3 d , c o u p ., 6 g . . l 9 3 7 J A D
F eb.
J A D
74 F e b .
C o n s o l, m o r t ., 5 g ................1 9 8 9
C h ic . A N .P . — l e t , 5 g . . . ! 9 4 0 A A O
8 0 % F eb.
8 9 % Feb.
N o r t h . P a c . A M o n .— 6 g . . . 1 9 3 8 M A S
N o r t h . P a c . T e r . C o .— 6 g . . 1 9 3 3 J A J
104
Feb.
J A ,1
,1 1 2
F eb.
O h io A M i8 S .— C o n s . a. f ., 7 s . 1 8 9 8
1 1 0 % M a r.
C o n s o l., 7 s ..............................1 8 9 8 J A J
1C 9
O h io S o u t h e r n — 1 s t , 6 g . . . l 9 2 1 J A D
u a ii.
64
G e n e r a l m o r t ., 4 g ............ 192 1 M A N
Jan.
A J
68
O m a h a A S t. L o u is — 4 g _ . . 1 9 3 7
Jan.
105
A D
O re g o n Im p . C o. - 1 s t , 6 g . 1 91 0
Feb.
A O
67
F eb.
C o n s o l., 5 g ............................1 9 3 9
1 1 1 % M a r.
O r e . R . A N a v C o .— 1 s t ,6 g . 1 9 0 9
A J
9 4 % Feb.
A D
C o n s o l., 5 g ..............................1 9 2 5
A J
P a . C o .—4 % g ., c o u p o n ___ 1921
1 08 % F eb.
A J
P e o . D e o . A E v a n s v . —6 g . . 1 9 2 0
104
M a r.
105
F eb.
E v a n s v i ll e D i v . , 6 g ___ 1 9 2 0 M A S
72
F eb.
2 d m o r t . , 5 g ..........................1 9 2 6 M A N
85% Jan.
F h ila . A R e a d .— G e m , 4 g . 1 9 5 8 J A J
F eb.
1 s t p r e f. I n c o m e , 5 g . , . . . 1 9 5 8
7 6 % Jan.
F eb.
70
Jan.
2 d p r e f. i n c o m e , 5 g .........1 9 5 8
62% Jan.
F eb.
3 d p r e f . in c o m e , 5 g .........1 9 5 3
P it t s b u r g A W e s t e r n —4 g .1 9 1 7 J A J
8 3 % F eb.
R i c h A D a n v .— C o n ., 6 g . . 1 9 1 5 J A J
103
Jan. I ll
F eb.
67
C o n s o l.,5 iz..............................1 9 3 6 A A O
Jan.
78
Feb.
71
R ic h . A W . P .T e r .- T r u s t ,6 g . 1 8 9 F A A
Jam
83% F eb.
43
C o n . 1 s t A o o l. t r u s t , 5 . 1 9 14 M A S
Jan.
52
F eb.
jR io G . W e s t e r n — 1 s t , 4 g . . l 9 3 9 J A J
7 5 % F eb.
78
F eb.
S t. J o . A O r. I s la n d —6 g . . l 9 2 5 M A N
93
Jan.
96
Jan.
1 0 0 % M ar. 1 0 3 % J a n .
S t. L. A I r o n M t. 1 s t e x t . 5 s .’ 9 7 F A
2 d , 7 g .....................- ................i 8 9 7 M A
1 0 8 % b .jl0 5 % Jan . 1 0 8 % F eb .
C a ir o A r k . A T e x a s . 7 g . . 1 8 9 7
1 0 4 b. 1 0 4
Jan. 104
Jan.
G e n . R ’ y A la n d g r . , 5 g . . l 9 3 I
8 7 b .j 8 4 % J a n .
90% Jan.
1 1 2 % b .| lll% Jan. 1 1 4
M a r.
S t.L . A S a n F r .— 6 g . ,C l . B . 1 9 b 6
6 g ., C la s s C ..........................1 9 0 6
U 2 % b . 1 1 1 % J a n . 1 1 3 % M ar.
G e n e r a l m o r t ., 6 g .............1 9 3 1
» 1 0 6 % J an. 1 1 1
Feo.
63 % Jan.
67% F eb.
S t. L .S o .W e s t .— 1 s t, 4 s , g . . 1 9 8 9
24
Jan.
2 d , 4 s , g ., i n c o m e ................1 9 3 9
28% Feb.
8 .P .M .A M .— D a k . E x ., 6 g . 1 9 1 0
117 % Jan . 119
Jan.
121
J a m 12 3 % F e b .
1 s t c o n s o l ., 6 g ..................... 1 9 3 3
A
ICO
Jam 102
M ar.
do
r e d u c e d to 4 % g . .
M o n t a n a E x t e n s i o n , 4 g .1 9 3 7
83
Jau.
91
Jam
70% Jan.
S a n A . A A r a n . P .— I s t , 6 g . l 9 1 6
7 5 % M ar.
65
Jan.
1 s t, 6 g ......................................1 9 2 6
7 5 % M ar.
S e a t t le L .S .A B .— 1 s t ,g u . 6 . 1 9 3 i
85
Jan.
92% Jan.
97
Jan.
98% F eb.
S c c ’ t y C o i p (N .C o r d . l s t c o m d s
S o. C a r .— 1 s t, 6 g . , e x c o u p . 1 9 2 0
105% Jan. 106
F eb.
S o. P a c ., A r iz . - 6 g ......... 1 9 0 9 -1 0
9 9 % Feb. 100 % Jan.
S o. P a c i f ic , C a l.— 6 g ------1 9 0 5 -1 2
114
Jan . 115
F eb.
94
1 s t, c o n s o l ., g o l d , 5 g ___ 1 9 3 8
95% Jan.
9 7 % Jau.
104
J a n . 1 0 5 % Feb.
S o. P a c i f i c , N . M . - S g ...........1 9 1 1
9 0 b.l 9 J F e b .
95
F eb.
T e n n .C . I. A R y . —T e n . D ,, 1 s t , 6 g
B ir in . D iv ., 6 g ......................1 9 1 7
90
90
M ar.
95 % Jan.
81
Jan.
T e x . A P a c .— 1 s t, 5 g ............ 2 0 0 0
7 7 b. 7 6 % Jan .
26
26
Jan.
29 % Jan.
07 b 103
Jau
108% Jan.
T o l. A . A . A » . M .—6 g ........ 1924
T o l. A O h io C e u t .— 5 g . . . . . l 9 ' J 5
08% a. 105
Jam 108% F eb.
T o l. P e o . A W e s t .— 4 g ........ 191 7
80%
80
Jam
81
Jam
T o l. S t .L . A K a n . C .— 6 g . . 1 9 1 6
8 3 b. 8 3
M ar.
90% Jan.
09 % b. 1 0 9
Jam 110% Jan.
b. 1 0 1
M ar. 1 0 5 % F eb .
73 % Jan.
C o l l a t .t r u s t 4 % ...................1 9 1 8 M A N * 7 3
a .| 67
Jan.
G o ld 6 s, c o l. t r u s t n o t e s . 1 8 9 1 F A A 9 8
93
M ar. 102% Jau .
K a n . P a o .- D e n . D 1v .-6 g . 1 8 9 9 M A N 1 1 0 % b . 1 1 0 % J a n . 1 1 1 % F e b .
lstCOUBOl .,6 g .................. 1 9 1 9 M A N 1 1 0 % b . 1 0 8 % J a n . 1 1 2
Jam
O r e g o n S h o r t L i n e —6 g . . 1 9 2 2 F A A 1 0 4 b. 1 0 5 7g F e b . 1 0 9
Jan.
80% Jan.
O r .S .L .A U t ’ h N ,— C o n .5 g .1 9 1 9 A A O 79 a. I 76^3 J a n .
U .P .D e n .A G u lf c o n . 5 g .l9 3 9 | J A D 71 a . 1 6 3 % J a n .
75 % Jan.
|116
Jan. 117% F eb
U n io n E l e v a t e d —6 g ...........1937|M A N 117
V i r g i n ia M i d .— G e n . m .,5 s , 1 9 3 6 M A N 8 3 b J 7 7
__
Jan.
8 4 % M ar.
do
s t a m p e d g u a r . M A N ’- 8 3 % b . 1 8 0 % J a n .
84
F eb.
W a b a s h — 1 s t , o g ......................1 9 3 9 M A N 1 0 4 % [1 0 2 % J a n . 1 0 5 % F e b .
82% Jan.
2 d m o r t g a g e , 5 g ...............1 9 3 9 . F A A 7 7 %
7 7 % M ar.
39
Jam
D e b e n t . M ., s e r ie s B ____ 1 9 3 9 J A J| 3 4 % b J 3 4 % - I e b .
103% F eb .
W e s t S h o r e — G u a r ., 4 s ........ 2 3 6 1 J A J 1 0 2 % b . 1 0 1 % J a n .
Feb.
102
Jan . 105
W e s t . N . Y . A P a .— 1 s t, 5 g . 1 9 3 7 J A J 1 0 3 b.
Jam
2 d m o r t ., 3 g . , 5 s c ................. 1 9 2 7 A A O 2 7 % b . 2 > M a r . , 3 3
Jam
106
W e s t. U n . T e l .— C o l. t r ., 5 s . 1 9 3 8 J A J 1 0 3 b. 1 0 3 % J a m
M ar. 1 9 2 % J a m
i 87
W is. C e n t. C o .— 1 s t , 5 g ........1 9 3 7 J A J , 8 7
F eb.
F eb. 1 35
I n c o m e , 5 g ............................ 1 9 3 7 . . . . . . . . 3 6 a. 1 3 0
g
N o t e — “ b ” i n d i c a t e s p r i c e b id ; “ a ” p r i c e a s k e d ; t h e R a n g e is m a d e u p f r o m a c t u a l s a le s o n l y .
* L a t e s t p r i c e th is w e e k .
NEW YORK STOCK EXCHANGE PRICES—(Continued'). —INACTIVE BONDS—M ARCH 10.
S E C U R IT IE S .
B id .
A sh .
S E C U R IT IE S .
B id .
B. & 0 . — on p. m o rt.., g o l d . 5 s . 1 9 8 8
Railroad Bonds.
W. V a . & P it t a .— 1 s t, g ., 5 s .. 1 9 9 0 i o i "
(S t o c k E x c h a n g e P r i c e s .)
B . & O . 8 . W ., 1 s t. g ., 4 * a 8 ...1 9 9 0 *10S
A l a b a m a M id .— 1 s t , g ., g u a r . . 1 9 2 8
89
92
M o n o n . R i v e r , l s t g . , g . 5 a . . .1 9 1 9
2 d , 4 s , C la s s B ..........................1 9 S 9
*57
C e n t ’ l O h io R e o r .— 1 s t, 4 ! « s . l 9 3 0 ‘ 1 0 0
A .T .& 8 .F .— Jol. M i d .l e t .g . , 6 8 .1 9 3 6
l o g 's
A h .& C h . J u n e .— 1 s t ,g ,5 b ,g u . 1 9 3 0 1 0 5
A t l a n t i c ife D a n v .— l s t g . , 6 8 . .1 9 1 7
18
B oat. H . T u n . & W .—D e b . 5 s . 1 9 1 3
98
A t l . A P a c .— 2 d W . D ., g u . 6 s ,. 1 9 0 7
B r o o k ly n E l e v a t e d — 2 d , 3 - 5 s . 1 9 1 5
B a lt . & O h io — l a t , 6 s , P a r i B . 1 9 1 9 1 1 8
B r u n s w i c k & W n — 1 s t, g . 4 s , 1 9 3 8
5 » , g o l d ..........................................1 9 2 5
lllis
B u ll. R oc-h. & P i t t s .— G e n .. 5 8 .1 9 3 7
98
* N o price F r id a y ; these are the la te s t Q uotations m ade tm g w o es.
A sk.
..........
100
94
S E C U R IT IE S .
B id .
123
B . R .& P .— R o c h .
P ., 1 s t , 6 8 .1 9 2 1
R o o k . & P it t s .— C o n s. 1 s t, 6 8 .1 9 2 2
104
B u rl O e d . R a p .& S " 0 .— I s t , 5 s . l 9 0 6 103
C o n s o l. & c o U a t . t r u s t , 5 s . . .1 9 3 4
98%
M in n . & S t. L .— 1 s t, 7 s , g u . - 1 9 2 7
98
I o w a C. & W e s t .— 1 s t, 7 s ____1 9 0 9
C e d . R a p . I . F . & N ., 1 s t , 6 3 .1 9 2 0 1 0 2
*90
1 s t , 5 s .........................................1 9 2 1
C.
O h io — C ol. & C in .M . 1st,4'flS. 1939
l e n t . R R . A B a n k .— C o l. s r .5 s .1 9 3 7
86
THE CHRONICLE,
March 11, 1893.]
409
NEW YORK STOCK EXCHANGE PRICES.—INACTIVE BONDS—{C on tin u ed )-M A R C H 10.
S E C U R IT IE S .
B id .
A sk.
C. R . & B .-C b a t .R .& C ,,g t d .g .l9 3 7
C e n t, o f N . J .— C o n v . d e b ., 6 s . 1 9 0 8
C e n tr a l R a e ific — G o ld b d s , 6a , 1 8 9 5 1 0 6
G o ld b on d B , 6 s ........................... 1 8 9 6 1 0 6 4 i
G o ld b o n d s , 6 s ........................... 1 8 9 7 1063i
B a n J o a q u in B r ., 6 s ................. 1 9 0 0 1 1 0
M o r t g o l d 5 s ............................... 1 9 3 9
L a n d g r a n t , 5 s , g ....................... 1 9 0 0 104*2
C. & O. D iv ., e x t ., g . 5 s ........ 1 9 1 8 1 0 6 *2
W e s t. P a c i f ic — B o n d s , 6 s ----- 1 8 9 9 108*2
N o . R a il w a y (C a l.)— 1 s t , 6 3 .1 9 0 7
95
97
5 0 .y e a r 5 s ..................................1 9 3 8
109
C b e s . & O .— P u r . M . f u n d , 6 s . 1 8 9 8
120
6 s , g o l d , s e r ie s A ....................... 1 9 0 8
C r a ig V a ll e y — 1 s t , g ., 5 s — 1 9 4 0
W a r m S p r . v a l ., 1 s t, g. 5 s . . 1 9 4 1
G h es . O .& S o . W e s t.— 1 s t 6 s , g . 1 9 1 1 1 0 6
70
2 d , 6 s .........: .................................... 1 9 1 1
O b . V . —G e n .c o n . l s t . g u . g ,5 s . l 9 3 8
C h ic a g o & A l t o n — 8 . F ., 6 s . . . 1 9 0 3 117*2
L o u is . & M o . R i v e r — 1 s t , 7 8 .1 9 0 0 114*2
2 d , 7 s ............................................1 9 0 0 112
106
S t. L . J a c k s . & C h ic .— l s t , 7 s . l 8 9 4 1 0 5
M is s .R . B r i d g e — 1 s t , s. f ., e s .1 9 1 2 1 0 5
C h ic . B u r l. <fc N o r .— 1 s t, 5 s ___ 1 9 2 6 1 0 4
D e b e n t u r e (5s................................1 8 9 6
C a lc . B u r lin g . & Q .— 5 s , s. f . , 1 9 0 1 1 0 4
J o w a D i v . — S in k , f u n d , 5 s . .1 9 1 9 104*4
94
94
S in k in g f u n d , 4 s ..................... 1 9 1 9
84*2
P la in , 4 s ..........................................1 9 2 1
C h ic A I n d i a n a C o a l— 1 s t 5 s . 1 9 3 6 100*2 l O l
1 1 9 78
C h i. M il. & S t. P .— 1 s t ,8 s ,P . D . 1 8 9 8 1 1 5
2 d , 7 3 -1 0 s , P . D ....................... 1 8 9 8 1 1 7
1 s t, 7 s , $ g . , R . D ....................... 1 9 0 2 1 2 5
1 s t , I. & M . , 7 s ........................... 1 8 9 7 117*2
1 s t, I . & D . , 7 s ........................... 1 8 9 9 1 1 9
1 s t ,C . < M ., 7 s ............................1 9 0 3 124*2
fe
1 s t, I. & D . E x t e n s i o n , 7 s . . . 1 9 0 8 120*4
1 s t , L a C. & D a v ., 5 s ................1 9 1 9 1 0 3
1 s t, H . & D . , 7 s ......................... 1 9 1 0 122*2
105
l e t , H . & D ., 5 s ..........................1 9 1 0 1 0 3
C h ic a g o & P a c i f ic D i v . , 6 s . . 1 9 1 0 1 1 7
118 *4
_____ r _
M in e r a l P o i n t D iv . 5 s .............1 9 1 0 1 0 1
C. < L . S u p . D iv ., 5 s ................1 9 2 1
fe
105
F a r g o & S o u t h ., 6 s , A s s u . . . l 9 2 4 n o
I n c . c o n v . s in k , f u n d , 5 s ___ 1 9 1 6
... ...
D a k o t a & G t. S o u t h ., 5 s ___ 1 9 1 6 1 0 4 %
M il. & N o r . m a i n l in e — 6 s . . . 1 9 1 0 1 1 2
115
C h i c . & N . W — 3 0 y e a r d e b . 5 s, 192 1
LOO *4
E s c a n a b a & L . S. 1 s t, 6 s ___ 1 9 0 1
107
D e s M . & M in n .— 1 s t , 7 s ___ 1 9 0 7 1 2 3
126
I o w a M id la n d — 1 s t , 8 s .......... 1 9 0 0
P en in su la r—1 s t , c o n v . , 7 s . . . 1 8 9 8
112%
C h ic . & M ilw a u k e e — 1 s t , 7 s . 1 8 9 8
W in . & S t. P .— 2 d , 7 s ................1 9 0 7 1 2 5
M il. & M a d .— 1 s t, 6 s ...............1 9 0 5 1 1 2
O tt . C . F . & S t. P .— 1 s t, 5 s . - 1 9 0 9 1 0 5 %
N o r t h e r n 111.— 1 s t , 5 s ...........1 9 1 0
105
C h .P e o . <fcSt.L.— C o n . 1 s t, g . 5 s . 1 9 3 9
100
O .R .I .& P . - D . M .& F . D . 1 s t 4 s . 1 9 0 5
80
1 s t , 2 * s s ...................................... 1 9 0 5
51
E x t e n s i o n , 4 s ......................- .1 9 0 5
K e o k u k <fc D e s M .— 1 s t , 5 s . . 1 9 2 3
C h ic a g o & S t. L o u is — 1 s t , 6 s .. 1 9 1 5 1 0 7
C h ic . S t. P . & M in n .— 1 s t , 6 s . . .1 9 1 8 1 2 4
125*3
8 t . P a u l & S . C .— 1 s t, 6 s ........ 1 9 1 9
124
124
C h ic . & W . I n d .— 1 s t, s. f . , 6 s . 1 9 1 9
G e n e r a l m o r t g a g e , 6 s ............ 1 9 3 2
C h ic . & W e s t M ic h .— 5 s , ............192 1
99
® in H a m . & D .— C o n . s. f . , s .1 9 0 5 1 2 1
2 d , g o l d , 4 * s s ............................... 1 9 3 7
C in . D . & I r ’ n — 1 s t, g u . 5 s , g. 194 1 *97*4 97*2
O le v . A k . & C o l.—E q . & 2 d 6 s . 1 9 3 0
0.
C.C. & S t, L ., C a ir o d i v .— 4 s , 1 9 3 9
S t .L o u .D i v .— I s t c o l . t s ’ t 4 s ,g .l 9 9 0
Si
91
S p r in g .& C o l.D iv .— 1 s t ,g . 4 s . 1 9 4 0
W h it e W . V a l. D iv .— 1 s t ,g . 4 s . 1 9 4 0
90*
90
C in .W a b .& M .D iv .— 1 s t ,g . 4s. 1 9 9 1
C in . I . S t. L . & C .— I s t ,g . ,4 s . l 9 3 6
93*2 94*
C o n s o l , 6 8 ..................................... 1 9 2 0 1 0 4
C in .S a n .& C l.— C o n .l s t ,g . 5 s , 1 9 2 8 1 0 4
01.
C o l. C in . & I n d .— 1 s t, 7 s , s .f 1 4 9 9
1 .l 8
C o n s o l, s in k , f u n d , 7 s ............ 1 9 1 4
C le v e . & M a h . V .— G o ld , 5 s . . . 1 9 3 8
C o lu m b ia & G r e e n .— 1 s t, 6 s . . . 1 9 1 6 *9 5
105
2 d , 6 s ............................................... 1 9 2 6
D e l. L a c k . & \V.— M ort. 7 s ___ 1 9 0 7
B y ra . B in g . & N . Y . — 1 s t, 7 s . 1 9 0 6 129*3 1 3 2
M o r r is & E s s e x — 1 s t, 7 s ___ 1 9 1 4 1 4 0
142
B o n d s , 7 s ....................................1 9 0 0
7 s o f 1 8 7 1 ................................. 1 9 0 1 1 2 1 %
1 s t , c o n . , g u a r ., 7 s ................1 9 1 5
138
D e l. & H u d . C a n .— C o u p o n 7 s , 1 8 9 4 i o e ^ i 1 0 6 7s
P a . D i v . , c o u p . , 7 8 ....................1 9 1 7
A l b a n y & S u s q .— 1 s t, g u .,7 s . 1 9 0 6 1 2 8
129
1 s t , c o n s ., g u a r ., 6 s ............ 1 9 0 6 118*3
R e n s . & S a r .— 1 s t, c o u p . , 7 8 .1 9 2 1 143*3
D e n v e r C it y C a b le — 1 s t , 6 e . - .1 9 0 8
ICO
D e n v . T r a m w a y — C on s. 6s, g .1 9 1 0
M e t r o p o l. R y .— l 8 t ,g u . g . 6 s .l 9 1 1
D env.
R . G .— I m p . , g . , 5 s . . . 1 9 2 8
D u lu t h & I r o n R a n g e — 1 s t 5 s . 1 9 3 7
102
E . T e n n . V a . & G a .— 1 s t , 7 s . . . 1 9 0 0 T 0 7
110
D iv is io n a l 5 s ................................1 9 3 0
1 s t e x t ., g o l d , 5 s .......................1 9 3
*54"
60
E q . & I m p ., g ., 5 s ......... .............. 1 9 3 8
M o b ile <fc B ir m .— 1 s t, g ., 5 s .. 1 9 3 7
A la b a m a C e n tr a l— 1 s t 6 s . . . 1 9 1 8 r1 0 0
B rie 1 s t , e x t e n d e d , 7 s .............1 8 9 7 112 *3 113*3
2 d , e x t e n d e d , 5 s ......................... 1 9 1 9 1 1 2
113
8 d , e x t e n d e d , 4*28..................... 1 9 2 3 1 0 3
4 t h , e x t e n d e d , 5 s ....................... 1 9 2 0
5 t h , e x t e n d e d , 4 s ....................... 1 9 2 8 1 0 0
1 s t , c o n ., g ., I’ d , 7 s ................. 1 9 2 0
R e o r g ., 1 s t lie n , 6 s ....................1 9 0 8 1 0 8
115
B . N . Y . & E .— 1 s t, 7 s ............ 1 9 1 6
N . Y . L . E . & W .— C o l. t r ., 6 s .1 9 2 2
F u n d e d c o u p ., 5 s ........................1 9 6 9
89*
B u ff. & 8 . W .—M o r t g . 6 s ___ 1 9 0 8
J e ffe r s o n — 1 s t, g u . g . 5 s ___ 1 9 0 9
C o a l A R R .— 6 s ........................... 1 9 2 2
E u r e k a S p r in g s — l e t , g ., 6 s . . . 1 9 3 3
E v a n s . & T .H .— 1 s t ,c o n s ., 6 s . . 1 9 2 1
1 s t, g e n e r a l, g ., 5 s ....................1 9 4 2
S E C U R IT IE S .
B id .
E .& T .I I .— M t. V e r n o n 1 s t 6 s .1 9 2 3
Bill. C o . B r . 1 s t, g ., 5 s ............ 1 9 3 0
S v a n s . & I n d i a n .— 1st, c o n s . .1 9 2 6
7l i n t & P . M a r q .— M o r t ., 6 s . . .1 9 2 0
1 s t c o n . g o l d , 5 s ......................... 1 9 3 9
P o r t H u r o n — 1 s t, 5 s ...............1 9 3 9
PTa. C cd & P e n .— 1 s t g. 5 s ___ 1 9 1 8
Ft W o r t h & R . G .— 1 s t g ., 5 s . .1 9 2 8
G a l. H a r . & S a n A n t .— 1 s t, 6 s . 1 9 1 0
G a l. I I . & S . A . — 2 d m o r t ., 7 s . .1 9 0 5
W e st. D iv ., 2 d 6 s ....................... 1 9 3 1
G a . C a r. & N o r .— 1 s t, g u . 5 s , g .1 9 2 9
G a . S o . & F la .— 1 s t, g . 6 s .......... 1 9 2 7
G r a n d R a p . & Tnd.— G e n . 5 s . . 1 9 2 4
G. B . W. & 8 t .P .—
2 d i n c o m e , t r u s t r e c t s .........
H o u s a to n ic — C on s, g o ld 5 s — 1 93 7
N . H a v e n <fcD erby, C o n s .5 a ..1 9 1 8
H o u s . & T . C .— W a c o & N . 7 s ..1 9 0 3
1 s t g ., 5 s (in t . g td > ....................1 9 3 7
C o n s . g . 6 s (in t. g t d ) ...............1 9 1 2
D e b e n t . 6 s , p r in . & in t . g t d .1 8 9 7
D e b e n t . 4 s , p r in . & in t . g t d .1 8 9 7
I llin o is C e n tr a l— 1 s t , g ., 4 s . . . 1 9 5 1
1 s t, g o l d , 3 * 2 3 ............................. 1 9 5 1
C a ir o B r i d g e — 4 s ........................1 9 5 0
S p r i n g f . D i v . — C o u p ., 6 s ___ 1 8 9 8
M id d le D i v . — R e g ., 5 s ............1 9 2 1
C. S t. L . & N . O .—T e n . 1., 7 s . 1 8 9 7
1 s t, c o n s o l ., 7 s ......................... 1 8 9 7
2 d , 6 s ............................................1 9 0 7
G o ld , 5 s , c o u p o n ................... 1 9 5 1
M e m p . D i v . , l s t g . 4 s ........ 1 9 5 1
D u b . & S. C .— 2 d D iv ., 7 s . . .1 8 9 4
C e d . F a lls & M in n .— 1 s t, 7 s. .1 9 0 7
I n d . D . & S p r .— 1 s t 7 s , e x . c p . 1 9 0 6
I n d .D .& W .— I s t 5 s , g . , t r . r e c . . l 9 4 7
2 d , 5 s, g o ld , tr u s t r e c e ip t s .. 1 9 4 8
I n c . M . b o n d s , t r u s t r e c e i p t s ___
I n d . I lls . < I o w a . — 1 s t, g , 4 s .. 1 9 3 9
fe
I n t .& G . N’ n — 1 s t ,6 s ,g ................... 1 9 1 9
K a n a w h a & M ic h .— M o r t. 4 s . 1 9 9 0
K a n . C .W y a n .& N .W — 1 s t ,5 s . 1 93 8
K in g s C o .- F .E l .,l 8 t ,5 ,g .,g u . A . 1 9 2 9
L a k e E r i e & W e s t .— 2 d g ., 5 s . 1 9 4 1
L . 8 . & M . S o .—B .& E .—N e w 7 a . ’ 9 8
D e t . M . & T .— 1 s t, 7 s ...............1 9 0 6
L a k e S h o r e — D iv . b o n d s , 7 s . 1 8 9 9
K a l. A l l . & G . R . — 1 s t g u . 5 S .1 9 3 8
M a h o n ’g C o a l R R . —1 s t, 5 s . 1 9 3 4
L e h ig h V .,N .Y .— 1 s t g u .g .4 * 2 S .1 9 4 0
L e b ig h V .T e r r n .— 1 s t g u 5 s ,g . 194 1
L i t c h f . C a r.& W e s t .— 1 s t 6 s . g . 1 9 1 6
L o n g I s la n d — 1 s t , 7 s ................... 1 8 9 8
N . Y . & R ’ w a y B .— l s t , g . 5 s . 1 9 2 '
2 d m o r t g ., i n c ......................... 1 9 2 7
N .Y .& M u d . B e a c h .— 1 s t , 7 s , 1 8 9 7
N .Y .B .& M .B .— 1 s t c o n . 5 s ,g . 1 9 3 5
B r o o k l ’ n & M o n t a u k — 1 s t ,6 s. 191 1
1 s t , 5 s ......................................... 191 1
L o u is .E v a n s .& S t . L .— C o n .5 s .1 9 3 9
L o u is . & N a s h .— C e c il. B r . 7 s . .1 9 0 7
E . I I . & N a s h .— 1 s t 6 s , g . . . .1 9 1 9
P e n s a c o l a D iv i s io n , 6 s .......... 1 9 2 0
S t. L o u is D iv i s io n , 1 s t, 6 s . . . 1 9 2 1
2 d , 3 s ............................................1 9 8 0
L e b . B r a n c h E x t e n s i o n . . .1 8 9 3
N a s h v . & D e c a t u r — 1 s t, 7 s . . 1 9 0 0
S. f ., 6 s . — S. & N . A l a ................1 9 1 0
1 0 - 4 0 , g o l d , 6 s ............................1 9 2 4
5 0 y e a r 5 s , g . , ............................. 1 9 3 7
P e n s . & A t . — 1 s t, 6 s , g o l d . ..1 9 2 1
C o lla t . t r u s t , 5 s , g ................... 19 3 1
L o u .N .A lb .& C h .— G e n .m .g .5 s .l 9 4 0
L o u . N . O . & T e x . — 1 s t, 4 s ----- 1 9 3 4
2 d m o r t ., 5 s ................................. 1 9 3 4
L o u is . S t . L . & T e x . — 2 d g , 6 s . . 1 9 1 7
M a n h a tt a n R y . — C o n s . 4 s ........ 1 9 9 0
M a n it o .S . W .C o lo n iz a ’ n —5 s , g .l 9 3 4
M e m p h is & C h a r i.— 6 s , g o l d . . 1 9 2 4
1 s t c o n . T e n n lie n , 7 s .............1 9 1 5
M e x i c a n C e n t. C o n s o l.— 4 s , g .1 9 1 1
1 s t , e o n s , i n c o m e 3 s , g .......... 1 9 3 9
M e x i c a n N a t io n a l— 1 s t, g ., 6 s . 1 9 2 7
2 d , i n c o m e , 6 s , “ A ” ................. 1 9 1 7
2 d , iu o o m e , 6 s , “ B ” ............... 1 9 1 7
M ic h i g a n C e n tr a l— 6 s ................. 1 9 0 9
C o u p o n , 5 s ..................................... 1 9 3 1
M o r t g a g e 4 s ................................. 1 9 4 0
M il. L . S .& W .— C o n v . d e b ., 5 s . 1 9 0 7
M ic h . D i v . , 1 s t , 6 s ..................... 1 9 2 4
A s h la n d D iv i s io n — 1 s t , 6 s . .1 9 2 5
I n c o m e s ....................................................
M in n .& S t. L .— 1 s t , g . 7 s .......... 1 9 2 7
I o w a E x t e n s i o n , 1 s t , 7 s ........ 1 9 0 9
2 d m o r t g ., 7 s ................................1 8 9 1
S o u t h w e s t E x t . — 1 s t, 7 s ........ 1 9 1 0
P a c i f ic E x t . — 1 s t , 6 s ...............1 9 2 1
I m p r . & e q u ip m e n t , 6 s .......... 1 9 2 2
M in n . & P a c . — 1 s t m o r t g ., 5 s . 1 9 3 6
M in n .S t .P .& S .S .M — l s t c . g . 4 s . l 9 3 8
M o .K .& T .— K .C .& P ., 1 s t, 4 s , g . l 9 9 0
D a l. & W a c o — 1 s t , 5 s , g u . . , . 1 9 4 0
M is s o u r i P a c i f i c — T r u s t 5 s . . .1 9 1 7
1 s t c o l l . , 5 s , g ............................. 1 9 2 0
S t L .& I . M .~ A r k .B r . ,l s t ,7 s . 1 8 9 5
M o b ile & O h io — 1 s t e x t ., 6 s . . . 1 9 2 7
S t. L . & C a ir o —4 s , g u a r .........1 9 3 1
M o r g a n ’ s L a . & T .— 1 s t , 6 s . . . . 1 9 2 0
1 s t , 7 s ............................................... 1 9 1 8
N a s b . C h a t . & S t . L .— 2 d , 6 s . . 1 9 0 1
N e w O rle a n s , & G u lf — 1 s t, 6 s .1 9 2 6
N . O . <fc. N o . E .— P r . 1., g ., 6 s . . 1 9 1 5
N Y . C e n t,— D e b . g . 4 s ............ 1 9 0 5
N . J . J u n e — G u a r . 1 s t, 4 s . . . 1 9 8 6
B e e c h C r e e k — 1 s t, g o l d , 4 s . .1 9 3 6
O s w . < R o m e — 2 d , 5 s , g . ,g u . l 9 1 5
&
U t i c a & B l. R i v . — 4 s , g ., g u .1 9 2 2
N . Y . N . H . & H — 1 s t, r e g . 4 8 .1 9 0 3
N . Y . & N o r t h e r n — 1 s t, g ., 5 s . 1 9 2 7
I 2 d , 4 s .........................................
1927
N . Y . S u s q . A W e s t .— 2 d , l i a s . 1 9 3 7
I G e n . m o r t ., 5 s , g ....................... 1 9 4 0
,N. Y . T e x . & M e x .— I s t ,4 s , g u . l 9 1 2
118
* » p rice Friuc y ; th ese a re tn e la te s t q u o ta tio n s m a d e th is w een .
A sk .
100
118
•97
‘ 65*4
50
115
101
97*4 '
66
75
35
120
103*2 104*2
105 107
93
*32*4
b
105
94
10L
105
109
111
m
113
113
118*4 122%
100
*121
123
2 0 ‘s
85
77*4
78
89
94
102*2 103*2
118
M 22
i n
119
109
100
*103
102
110
100
*11359 1 1 5
*100
35
*
103
83
106
*111
106
120
64
*100
*1 1 1
ios
L10
100
104
100*2 1 0 5
108%
75
77
*95
98
*9*6"
113
*9 8
106
122
n o
1 20
120
135
108
*100
*114
105
115
*84
105
81*9
107
"8 0 ”
115*4 116*4
123*4
*
110
102
100
102
*104*2
*100
100
103 *4
*108
79*4
*88
97
S E C U R IT IE S .
N o r t h 'll P a c i f ic — D i v i d 'd s c r ip e x t .
J a m e s R i v e r V a l.— 1 s t, 6 a .. . 1 9 3 6
S p o k a n e & P a l.— 1 s t, 69 ........1 9 3 6
S t .P a u l & -V. P .— G e m , 6 s . .1 9 2 3
H e le n a & R e d M ’ n — 1 s t,g ., 6 s . 1 9 3 7
D u t u t b & M a n it o b a — l s t , g . 6 s l 9 3 6
D u l.& M a n D a k .D i v .— Is tO s . 1 9 3 7
C te u r d ’ A l e n e — 1 s t, 6 s , g o l d . 1 9 1 6
G e n . 1 s t , g ., 6 s ........................ 1 9 3 8
C e n t. W a s h in g t o n — 1 s t ,g ., 6 s. 1 9 3 3
N o r f o lk & W e st. —G e u e r a l , G s . l 9 3 1
N e w R i v e r , 1 s t, O s ....................1 9 3 2
I m p . & E x t . , Cs............................1 9 3 1
A d ju s t m e n t M ., 7 s ................... 1 9 2 4
E q u ip m e n t , 5 s ............................. 1 9 0 8
C l i n c h V a l. 1 s t 5 s ..................... 1 9 5 7
R o a n o k e & S o .— 1 s t, g u . 5 s , g .1 9 2 2
S c i o t o V a l. & N . E .— 1 s t , 4 s , .1 9 9 0
O h io <fe M is s — 2 d c o n s o l . 7 s . . . 1 9 1 1
B p r in g .D iv .— 1 s t 7 s ...................1 9 0 5
G e n e r a l 5 s ..................................... 1 9 3 2
O h io R i v e r R R . — 1 s t , 5 a ............. 1 9 3 6
G e n . g . , 5 s ..................................... 1 9 3
O r e g o n & C a lit o r .— 1 s t, 5 s , g . 1 9 2 7
O re g . R y & N a v . — C o l .t r . g ..5 s .1 9 1 9
P a n . S in k .F ’ d S u b s id y — 6 s , g. 1 9 1 0
P e n H .-P .C .C & S t .L .C n .g .4 ‘ 9 S A 1 9 4 0
Go
do
S e r ie s B ..........
P . C . & S .L .- l s t , c ., 7 s ....................1 9 0 0
P it t s . F t . W . & a — 1 s t, 7 s . . .1 9 1 2
2 d , 7 s ..........................................1 9 1 2
3 d , 7 s ............................................1 9 1 2
C le v . & P . — C o n s ., s. I d ., 7 8 - 1 9 0 0
G e n . 4*®s, g ., “ A ” ................1 9 4 2
C h .S t .L .& P .— l s t , c o n . 5 s , g . . . l 9 3 :
S t. L . V . & T . H .— 1 s t , 6 s ., 7 8 .1 8 9 7
2 d , 7 s ............................................1 8 9 8
2 d , g u a r ., 7 s ..............................1 8 9 8
G d .R .& I .E x t ,— 1 s t, <L 4 S ,G .g . 1 9 4 1
*
P e o .& E .-I n d .B .& W .-ls t ,p l.7 s .l9 0 0
O h io t n d .& W .— l s t p r e f . 5 s . . l 9 3 3
P e o r i a & P e k . U n io n — 1 s t , 6 s . 1 9 2 1
2 d m o r t g ., 4 *4 S............................1 9 2 1
P it t s . C le v e . & T o l .— 1 s t, 6 s . . . 1 9 2 2
P i t t s . & L . E r .— 2 d g . 5 s , “ A ” . 1 9 2 8
P it t s . M e . K . & Y . — 1 s t 6 s ........ 1 9 3 2
P it t s . P a in s v . & F . — 1 s t , 5 s . ..1 9 1 0
P it t s . S h e n . & L . E .— 1 s t,g . ,5 s . 1 9 1 0
P i t t s .Y ’g s t ’n & A .— 1 s t , 5 s ,e o n .1 9 2 7
P r e s . & A r iz . C e n t.— 1 s t , 6 s , g . 1 9 1 6
2 d i n c o m e 6 s ................................ 1 9 1 6
R ic h . & D a u v .— D e b e n t u r e 6 s . 1 9 2 7
E q u ip . M . s. f . , g ., 5 s ................1 9 0 9
A t l . & C h a r .— 1 s t , p r o f ., 7 s . . 1 8 9 7
do.
I n c o m e , 6 s ____ 1 9 0 0
W a s h .O .& W .— l s t , 4 s , g u .o y ., 1 9 2 4
R io G r . J u n e .— 1 s t , g u ., g „ S s .1 9 3 8
R i o G r a n d e S o .— 1 s t, g ., 5 s . . . 1 9 4 0
S t. J o s . (S G r . I s .— 2 d i u e ...........1 9 2 5
c
K a n . C. & O m a h a — 1 s t , 5 s . . 1 9 2 7
S t. L . A . & T . H —2 d p r o f . 7 S - .1 8 9 4
2 d m . in c . 7 s ..................................1 8 9 4
D i v i d e n d b o n d s ....................... . 1 8 9 4
B e l l e v . & S o . 111.— 1 s t , 8 s . . . 1896
B e l l e v . & C a r.— 1 s t, 6 s ........... 1 9 2 3
C h i.S t.L . & P a d .— l a t ,g d . g . 5 s 1 9 1 7
8 t. L o u is S o .— 1 s t, g d . g . 4 s . 1 9 3 1
do
2 d in c o m e ,5 s .1931
C a r. & S h a w t .— 1 s t g . 4 s ___ 1 9 3 2
S t. L . & S. F — 2 d 6 s, g ., ol. A . 1 9 0 6
E q u ip ., 7 s ......................................1 8 9 5
G e n e r a l 5 s ....................
1931
1 s t , t r u s t , g o l d , 5 s ..................... 1 9 8 7
C o n s o l, g u a r ., 4 s . . . ..................1 9 9 0
K a n . C it y & S .— 1 s t, 6 s , g . . . l 9 1 6
F t, 8. & V .B . B g. - 1 s t , 6a . .. 19 1 0
K a n s a s M id la n d — 1 s t , 4 s , g .1 9 3 7
St. P a u l & D u lu t h — 1 s t , 5 s ___ 1 9 3 i
2 d m o r t g a g e 5 s ........................... 1 9 1 7
S t. P a u l M in n & M — 1 s t, 7 s . . 1 9 0 9
2 d m o l t., 6 s ................................... 1 9 0 9
M in n e a p . U n io n — 1 s t , 6 s ___ 1 9 2 2
M o n t . C e u .— 1 s t , g u a r ., 6 s . . 1 9 3 7
1 s t g u a r . g . 5 s ..............................1 9 3 7
E a s t. M in n ., 1 s t d i v . 1 s t 5 s . 1 9 0 8
S a n F r a u . & N . P .— 1 s t , g ., 5 S .1 9 1 9
S o u t h C a r o l i n a —2 d , 6 s .............1 9 3 1
I n c o m e , 6 s .................................... 1 9 3 1
S o. P a c . C o a st— 1 st, g u a r .,4 s .1937
T e r .R R .A s ’ n o t S c . L . - l s t , 4 ‘a s . l 9 3 9
T e x a s C e n tr a l— 1 s t , a. f ., 7 s . . . 1 9 0 9
1 s t m o r t g a g e , 7 s ........................1 9 1 1
T e x a s & N e w O r le a n s — 1 s t ,7 s . 1 9 0 5
S a b in e D iv i s io n , 1 s t, 6 s .........1 9 1 2
T h ir d A v e n u e ( N .Y ) .— 1 s t 5 s , 1 9 3 7
T o l. A . A . & C a d .— 6 s ....................1 9 1 7
T o l e d o A . A . j c G M T r .— g . 63.1921
T o l. A . A . & M t . P L — 6 s .............1 9 1 9
T o l. A . A . & N . M ,— 5 s , g .......... 1 9 4 0
U ls t e r & D e l.— 1 s t , c o n . , 6 . , 5 s . 1 9 2 8
U n io n P a c ilie — 1 s t , 6 s .................1 8 9 6
1 s t , 6 s ...............................................1 8 9 7
1 s t , 6 s ..............................................1 8 9 8
C o lla t e r a l T r u s t , 6 s ..................1 9 0 8
C o lla t e r a l T r u s t , 5 s ................. 1 9 0 7
K a n s a s P a c i f i c —1 s t 6 s , g . . . l 8 9 5
1 s t, 6 s, g . ....................................1 8 9 6
C. B r . U . P . — F . 0 ., 7 s ............ 1 8 9 5
A t c h . C o l. & P a c . — 1 s t, 6 s . . . 1 9 0 5
A t e li. J . C o . & W .— 1 s t , 6 s . . . 1 9 0 5
U . P . L iu . & C o l.— 1 s t , g . ,5 s . 1 9 1 8
O r e g .S .L .& U .N .,C 0 l .t r s t .,5 s .l 9 1 9
U ta b (S N o r t h .— 1 s t , 7 s .......... 1 9 0 8
c
G o ld , 5 a . . . . ...............................1 9 2 6
U ta h S o u th e rn — G e m , 7 s . ..1 9 0 9
E x t e r n , 1 s t , 7 s ........................1 9 0 9
V a lle y R ’ y C o . o f O — C o n . 6 s . 1 9 2 1
W a b a s h —D e b e n t u r e , S e r. A . . 1 9 3 9
N o . M is s o u r i— 1 s t , 7 s .............1 8 9 5
S t .L .K .C .& N — R .E .( & R R .7 s .l8 9 5
S t. C h a r le s B r 'g e — 1 s t , 6 s . . .1 9 0 8
W e s t . V a . C. & P it t s .— 1 s t, 6 s . 1 9 1 1
W h e e l.& L .E .— 1 s t. 5 s , g o l d . . . 1 9 2 6
E x t e n s i o n & I m p . g ., 5 s ........ 1 9 3 0
B id .
A sk .
!
90
93
120
; 30”
161
98
122
82
120
92
100
83
115
101
*94
80
103
1 0 3 >«
1303*
119
108*4
103*4 109%
103*4
100
112
110
73
74
85
90
102 *4
*90
94
1 01 *9
101
*6 4
110
112
100
80
80
80
101*4
112*4
100
66
100
103
107
112
116
116
115
103*9 106
105
*97'
9
89
”99*4
113
100*4 1 0 1
110
115
99
99
103*4
106*4 107*4
106%
108*9
100
103*4 1 0 5
*105*4
100
85
106
86
102
1 01 *4 1 0 3 * 4
. '1 0 2
105
104
109
100
104
*93*4 ........
F o r J U t c e l i u u e o a s & U n l i s t e d B o n d s — See 3 d page preceding,
THE CHRONICLE
410
lixxrjestmetxt
j»aiXr0 afl Intelligence.
Ro a d s.
en t
,
a p a m p h let o f
150
p a g es
contains extended tables o f the Stocks and B on d s o f R a il
roads, and other Com panies, w ith rem arks and statistics con
cerning the incom e, financial sta tu s, etc., o f each Com pany.
It
is published on the last S a tu rd a y o f every other m onth —
v iz ., J a n u a ry, M arch, M a y , J u ly, Septem ber and N ovem ber,
and is fu rn ish ed w ith ou t extra charge, to
all regular sub
scribers o f the C h r o n i c l e .
The General Q uotations o f Stocks and B o n d s, occupying
s i x p a g es o f
the C h r o n i c l e , are published
on the
third
Saturday o f each m onth.
'
R A I L R O A D
E A R N I N G S .
L a te s t E a r n in g s R e p o r te d
J a n . 1 to L a te s t D a te.
R o ads.
W e ek o r M o
1 8 9 2 -3 .
A l l e g h e n y Y a l . J a n u a r y .. . f 1 8 9 ,7 6 5
A t c h .T .& S . F e . 4 t h w k F e b ' 6 7 3 ,0 9 0
2 0 0 .1 2 3
8 t . L . & S a n F. 4 t h w k F e b
C o l. M i d la n d .. 4 t h w k F e b
3 8 ,2 2 8
A g g .t o t a l .. ^ 4 th w k F e b
.
9 1 1 ,4 4 1
A t l a n t a & C lia r .f l.D e c e m b e r .
6 9 ,0 3 3
9 ,9 2 6
A t l a n t a & F l o r ’ a 'F e b r u a r y .
B .& O .E a s t L i n e s 1 a n u a r y .. . 1 ,3 8 8 ,6 3 0
J
W e s t e r n L in e s J a n u a r y .. .
4 7 2 .4 3 9
T o t a l ...............J a n u a r y .. . 1 ,8 6 1 ,0 6 9
B a l.& O .S o u t h w . 4 t h w k F eb !
4 5 ,8 3 2
3 .0 8 2
B a th & H a m ’ n ds D e ce m b e r .
B i r . & A t l a n t i c .. F e b r u a r y .
2 ,7 1 5
B i r .S h .& T e n n .R F e b r u a r y .
2 1 .0 5 1
3 6 ,9 5 4
B r o o k l y n E l e v . . 4 th w k F e b
B u ff . R o c h .& P i t t 4 t h w k F e b
5 4 ,3 5 7
B u r .C .R a p . & N 4 t h w k F e b
8 3 ,1 7 4
C a m d e n & A t l . . J a n u a r y .. .
3 6 ,4 9 5
C a n a d ia n P a c it ic 4 th w k F e b
3 4 5 ,0 0 0
C a r .C u m .G & C h . D e c e m b e r .
3 ,0 9 2
C a r. M id la n d ___ F e b r u a r y .
6 ,1 8 3
C e n t r a l o f N . J . . J a n u a r y .. . 1 ,0 6 3 ,7 8 2
C e n tr a l P a c i f ic .. N o v e m b e r . 1 ,1 5 9 ,0 0 0
C e n t r a l o f S. C . . D e c e m b e r .
8 ,4 3 1
C h a r . C in .& C h ic . F e b r u a r y .
1 4 ,9 0 1
‘ C h a r le s t ’ n & S a v . D e c e m b e r
5 3 ,9 1 9
• C har.S um .& N o . F e b r u a r y .
2 3 ,0 0 0
C h e r a w .& D a r l . . ( D e c e m b e r .
6 ,3 9 0
C h e r a w .& S a lis b D e c e m b e r .
1 .5 1 6
‘ C h e s . & O h io —
4 th w k F e b
2 0 2 ,6 8 2
C h es. O. & .S. W . 3 w k s F e b .
1 3 6 ,0 6 2
C h ic . B u r . & N o . J a n u a r y .. .
1 4 6 ,7 4 4
C h ic . B u r . & Q . . J a n u a r y .. . 3 ,0 5 2 ,2 9 3
C h ic .& E a s t..111. 4 t h w k F e b
8 4 ,0 6 4
C h ic a g o & E r i e . D e c e m b e r .
2 8 8 .1 2 3
C h ic . G t. W e s t ’ n 4 t h w k F e b
8 3 .3 9 6
C h ic .M il.< fe 8 t.P . I s t w k M a r 1 5 5 5 ,5 0 9
C h ic . & N ’t h w 'n . J a n u a r y .. . 2 ,2 4 2 ,1 3 0
C h ic .P e o .& S .L A 4 t h w k F e b
2 5 ,9 4 4
C h ic . R ’ k I .& P . . (F e b r u a r y . 1 ,3 3 4 ,7 6 5
C h ic .S t .P .M .& O . J a n u a r y .. .
6 5 4 ,7 2 8
•Chic. & W . M ic h . 4 t h w k F e b
3 0 ,5 5 1
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4 ,5 3 2
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1 4 ,1 6 8
t C in .N . O . & T . P . 4 th w k F e b
1 0 6 ,1 7 8
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4 6 ,5 3 7
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3 5 ,7 8 8
A l a . & V ic k s b . 4 t h w k F e b
1 7 ,1 5 1
V i c k s . S h . <fc P . 4 t h w k F e b
1 7 ,7 3 2
E r l a n g e r S y s t. 4 t h w k F e b
2 2 3 ,3 8 6
C in n . N o r t h w ’ n. F e b r u a r y . I
1 ,5 4 0
C in . P o r t s . & V .. F e b r u a r y . I
1 6 ,0 7 3
C o l. & M a y s v . F e b r u a r y .'
975
C le v . A k r o n & C o . 4 t h w k F e b '
1 9 ,3 9 1
C le v . C an. & S o. D e c e m b e r . 1
6 4 ,4 4 3
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2 6 4 ,6 7 2
P e o . & E a s t ’ n. 4 t h w k F e b
3 4 .3 9 6
C le v . & M a r ie t t a F e b r u a r y .
2 6 ,6 0 5
C o l. H . Y . & T o l. F e b r u a r y .
2 5 1 ,3 3 7
C o l.S h a w n e e & H 4 t h w k F e b
1 5 .0 5 1
C o lu s a & L a k e .. F e b r u a r y .
1 ,8 0 0
C o n n . R i v e r ........ J a n u a r y .. .
8 7 ,2 3 9
C u r r e n t R i v e r . . 4 th w k F e b
2 .9 5 2
D e n v . & R i o G r. I s t w k M a r
1 6 0 ,2 0 0
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2 9 ,1 8 8
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• 3 7 ,5 0 0
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2 1 ,3 8 4
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3 3 ,5 4 2
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1 0 ,4 7 4
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1 0 8 ,9 3 9
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7 1 ,4 2 9
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8 ,0 3 9
E v a n s . & R ic h
4th w k F eb
2 ,3 7 0
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2 8 ,2 9 1
F i t c h b u r g ............ D e c e m b e r .
6 7 6 ,3 1 5
F l i n t & P .M a r q .. 4 t h w k F e b
5 3 ,9 1 8
F l o r e n c e ............... D e c e m b e r .
3 ,7 0 2
F t . W & R io G r F e b r u a r y .
2 5 ,1 8 2
G a d sd . & A. U n. D ecem b er.
1 ,1 3 3
G a . C a r ’ ia & N o . D e c e m b e r .
4 0 ,1 9 2
G e o r g i a R R ........ J a n u a r y .. .
1 3 3 .4 3 9
G e o . S o. & F l a . . . F e b r u a r y .
7 6 ,1 7 1
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3 ,5 8 2
G r . R a p .& I n d . . . 1 t h w k F e b
4
4 0 ,1 6 3
C in . R . & F t .W J 4 t h w k F e b
9 ,8 8 5
O th e r l i n e s . . . J 4 tli w k F e b
3 .9 1 3
T o t a l a ll lin e s .!4 t h w k F e b
5 3 ,9 6 2
G r a n d T r u n k ___ W k M c h 4
3 6 7 ,6 9 1
C h ic . & G r. T r W k F e b .2 5
6 2 ,2 1 1
D e t .G r .H .& M : W k F e b .2 5
1 8 ,3 4 9
G r e a t N o r t h ’ ll—
S t. P . M . <fc M . F e b r u a r y .
7 4 9 ,5 0 5
E a s t, o f M in n j F e b r u a r y .
6 6 ,8 8 0
M o n t a n a G en ii F e b r u a r y .
8 4 ,2 5 5
T o t, s y s te m . 1 e b ru a ry .
F
9 0 0 ,6 3 9
1 8 9 1 -2 .
1 8 9 2 -3
1 8 9 1 -2
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$
1 7 7 ,5 5 7
1 8 9 ,7 6 5
1 7 7 ,5 5 7
6 0 4 ,1 6 8 5 ,5 6 4 ,1 4 6 5 ,0 3 6 ,9 9 1
1 9 8 ,6 2 8 1 ,3 4 0 ,7 0 9 1 ,2 4 2 ,3 8 9
3 2 2 ,4 4 5
2 9 5 ,5 7 8
5 0 ,9 7 2
8 5 3 ,7 6 9 7 ,2 0 0 ,4 3 3 6 ,6 0 1 ,8 2 5
8 1 6 ,6 2 0
7 4 7 ,1 2 5
7 1 ,3 1 6
1 4 ,3 3 0
1 6 .6 0 9
8 ,1 9 6
1 ,5 4 6 ,6 0 7 1 ,3 8 8 ,6 3 0 1 ,5 4 6 ,6 0 7
4 7 2 ,4 3 9
5 0 9 ,6 9 8
5 0 9 ,6 9 8 ;
2 ,0 5 6 ,3 0 5 1 ,8 6 1 ,0 6 9 2 ,0 5 6 ,3 0 5
4 3 6 ,6 8 9
4 2 0 ,9 3 7
5 3 ,4 6 8 '
3 4 ,3 2 4
2 7 ,8 6 0
2 ,3 3 1
6 ,0 5 9
5 ,3 5 7
3 ,3 0 4
4 2 ,6 7 5
3 7 ,9 1 5
18,8601
2 9 0 ,8 4 2
3 6 ,5 3 0 ,
3 1 1 ,7 1 1
4 6 7 ,2 8 9
4 3 1 ,7 3 9
6 3 ,5 5 9
6 6 8 ,3 0 8
9 7 ,6 5 5
6 2 0 ,2 6 9
3 6 ,4 9 5
3 3 ,6 7 6
3 3 ,6 7 6
3 8 7 .0 0 0 2 ,7 9 4 ,5 8 3 3 ,0 6 5 ,4 7 1
4 4 ,7 8 9
2 9 ,0 3 7
3 ,8 3 9
9 ,6 0 2
1 0 ,7 4 8
5 ,4 3 3
9 7 4 ,3 0 5
9 7 4 ,3 0 5 1 ,0 6 3 ,7 8 2
1 ,4 0 1 ,1 2 7 1 3 ,5 9 3 ,7 1 1 1 5 ,5 0 4 ,7 9 8
1 0 4 ,3 6 4
1 0 ,1 7 0
9 5 ,0 9 2
2 5 .9 0 1
2 6 ,5 5 5
1 5 ,4 1 6
7 1 9 ,3 7 6
5 3 ,5 9 4
5 9 6 ,5 2 8
3 7 ,0 0 0
3 0 ,0 8 5
1 7 ,0 8 5
1 0 4 .0 4 2
8 ,5 3 6
7 9 ,1 2 6
2 5 ,3 4 9
1 9 ,0 6 4
1 ,7 8 3
1 9 0 ,3 9 4 1 ,4 9 7 ,6 9 2 1 ,5 1 6 ,1 3 3
1 2 7 .7 5 0
1 4 6 ,7 4 4
1 5 0 ,0 7 8
1 5 0 ,0 7 8
3 ,0 0 8 ,7 9 9 3 0 5 2 ,2 9 3 3 ,0 0 8 ,7 9 9
6 0 8 ,4 9 4
7 2 ,7 4 2
7 0 2 ,1 8 7
3 0 3 ,4 0 7 2 ,8 3 2 ,9 6 4 2 ,7 4 6 ,7 2 5
6 7 7 ,0 4 9
7 2 0 ,3 0 1
1 2 6 ,5 7 3
6 2 7 ,3 0 3 5 .2 7 2 ,1 3 6 5 ,3 5 2 ,3 2 2
2 ,2 3 6 ,7 0 2 2 ,2 4 2 ,1 3 0 2 ,2 3 6 ,7 0 2
2 1 9 ,1 4 4
2 8 .6 5 1
2 0 2 ,5 1 6
1 ,3 2 1 ,4 3 8 2 ,7 1 4 ,9 1 5 2 ,6 1 3 ,9 8 3
6 3 0 ,0 2 9
6 5 4 ,7 2 8
6 3 0 ,0 2 9
2 6 0 ,6 7 2
2 4 8 ,7 1 3
4 3 ,2 3 8
4 ,5 4 2
4 ,5 3 2
4 ,5 4 2
1 0 1 ,3 6 2
1 4 ,4 4 2
1 0 3 ,2 8 7
6 2 3 ,6 5 2
1 2 4 ,9 8 4
6 8 8 ,3 9 9
3 0 0 ,5 7 7
5 3 ,8 2 2
3 1 5 ,1 7 1
2 5 2 ,3 8 4
3 9 ,3 5 7
2 1 9 ,0 3 1
1 0 0 ,8 0 1
1 9 ,6 4 5
1 1 4 ,7 6 3
1 9 ,7 5 4
1 0 1 ,8 0 4
1 1 0 ,8 8 1
2 5 7 ,5 6 2 1 ,3 7 9 ,2 1 8 1 ,4 4 8 ,2 4 5
2 ,8 6 7
1 ,5 8 8
3 ,0 6 9
3 5 ,0 7 5
1 6 ,7 6 3
3 1 ,3 6 9
1 ,8 9 3
1 ,0 0 9
1 ,7 7 9
1 8 ,9 6 0
1 5 2 ,7 9 0
1 3 6 ,3 1 5
8 9 0 ,8 3 9
7 1 8 ,5 5 8
5 5 ,8 3 8
3 3 4 ,6 4 5 1 ,9 6 4 ,3 5 2 2 ,2 0 7 ,1 1 1
4 3 ,6 3 1
2 4 5 ,2 0 4
2 8 4 ,5 0 9
2 3 ,2 8 4
5 4 ,9 8 3
4 9 ,1 2 9
5 3 1 ,3 5 7
2 2 2 ,3 6 6
4 7 3 ,1 1 5
1 4 ,1 2 5
1 2 1 ,2 8 8
1 0 4 ,1 4 6
1 ,5 5 0
3 ,4 5 0
3 ,1 5 0
7 8 ,1 5 1
8 7 .2 3 9
7 8 ,1 5 1
2 3 ,6 8 4
2 ,9 5 1
2 2 ,7 9 5
1 4 8 .0 0 0 1 ,5 5 5 ,1 1 6 1 ,5 4 9 ,6 4 2
3 1 ,1 9 0
2 9 ,1 8 8
3 1 ,1 9 0
2 9 ,0 8 0
3 7 ,5 0 0
2 9 ,0 8 0
16,201
1 8 1 ,0 4 5
1 7 5 ,8 4 6
3 9 ,6 1 5
2 6 5 ,8 0 9
2 5 7 ,8 -. 2
1 1 ,6 6 2
1 6 .4 7 4
1 1 ,6 6 2
1 2 6 ,1 5 4
9 0 2 ,4 1 0
8 5 7 ,5 3 8
6 2 ,9 5 3
1 3 6 ,7 0 3
1 2 8 ,7 9 9
7 ,6 7 0
5 5 ,9 3 0
5 2 ,5 5 7
2 ,3 0 1
1 5 ,3 4 5
1 2 ,7 8 3
2 7 ,7 9 3
1 9 9 ,3 3 6
1 8 6 ,3 1 3
6 4 6 ,4 0 1 7 ,5 7 6 ,5 0 6 7 ,1 2 2 ,6 8 3
7 6 ,3 3 2
4 2 9 ,8 5 5
4 9 8 ,3 8 4
3 ,8 5 7
3 9 ,3 9 2
4 4 ,9 0 2
2 5 ,1 0 7
5 1 ,9 4 4
4 4 ,3 9 8
1 ,2 4 7
1 4 ,1 4 4
1 4 ,4 8 8
1 5 ,2 6 1
2 9 2 ,5 9 7
1 4 6 ,0 1 0
1 1 6 .7 5 1
1 3 3 ,4 3 9
1 1 6 ,7 5 1
6 4 ,4 5 0
1 5 7 ,3 7 2
1 2 5 ,1 5 0
4 .1 5 7
4 3 ,8 8 4
4 2 ,1 1 6
5 3 ,8 6 8
3 2 4 ,6 9 3
3 5 3 ,9 0 2
1 1 .6 5 1
6 6 ,8 5 4
7 1 ,0 8 6
5 ,7 0 1
2 8 ,6 9 5
3 3 ,5 0 8
7 1 ,2 2 0
4 2 0 ,2 4 3
4 5 8 .4 9 6
3 7 4 ,6 5 0 2 ,9 8 0 ,9 7 3 3 ,0 8 7 ,6 6 7
7 2 ,4 6 5
4 8 9 ,4 5 6
5 8 7 ,5 1 5
2 5 ,6 1 0
1 4 5 ,8 9 1
1 6 8 ,6 7 0
8 6 8 ,6 0 3
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1 ,6 1 8 ,2 3 7
1 6 8 ,3 1 7
1 8 1 .2 3 9
1 ,9 6 7 ,7 9 3
L a te s t E a r n in g s R ep o rte d .
W eek orM o
AND
The I n y e s t o r s ’ S u p p l e m
[VOL. L V I,
1 ,6 6 7 ,5 5 4
1 1 9 ,9 8 8
1 8 3 ,6 0 6
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2 ,8 3 9
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2 ,9 4 0
7 4 ,7 9 7
5 6 ,3 0 1
1 7 6 ,4 7 3
6 .4 9 7
5 ,6 9 1
1 0 2 ,4 5 3
2 4 ,6 7 9
1 0 ,4 9 5
1 5 .4 0 0
1 5 ,9 0 7
3 1 ,6 6 7
8 ,2 2 2
7 ,0 8 2
8 3 ,2 6 9
3 4 ,7 0 1
1 .7 6 0 .5 5 5
6 5 ,9 7 7
3 8 ,5 5 6
4 0 ,1 8 6
4 7 6 ,6 7 5
6 0 ,1 6 9
2 6 .6 3 9
4 ,7 2 5
1 0 ,7 2 9
1 8 ,7 7 2
2 9 ,6 0 1
1 5 9 ,2 2 2
7 9 ,2 4 9
6 7 .5 0 0
2 6 .6 3 9
7 ,3 0 8
1 1 7 ,8 0 4
6 2 ,1 3 8
1 5 8 ,4 4 7
6 7 2 ,0 0 0
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2 7 1 ,1 5 0
4 3 3 ,4 6 2
2 8 .2 4 0
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62 4 838
G .B a y W .& S t .P . J a n u a r y ...
G u lf & C h ic a g o J a n u a r y . . .
n o o s .T u n .& W il . J a n u a r y ...
H u m e s t’ n& Shen F e b r u a r y .
H u t c h .& S o u t h ’ n F e b r u a r y .
I ll i n o i s C e n t r a l. D e c e m b e r .
Ind.D ec.<fc W e st. F e b r u a r y .
I n .& G t . N o rtlT n 4 th w k F e h
U n t e r o c . ( M e x .) W k F e b . 18
I o w a C e n t r a l .. 4 tli w k F e h
I r o n R a il w a y .
F eb ru ary .
J a ck . T. & K . W . N ovem ber.
F lo r id a S o u t h N o v e m b e r .
T ota l sy stem . D ecem b er.
K a n a w lia & M ic h 4 t h w k F e h
K a n C. C l. & S p . 4 tli w k F e b
K .C F .S .& M e m . 4 t h w k F e b
K .C .M e m .& B ir . 4 t h w k F e b
K a .C .N e v .& F t .S D e c e m b e r .
K a n .O . S u b .B e lt N o v e m b e r .
K . C. W & G u lf. D e c e m b e r .
K a u .C .W y .& N W J a n u a r y ., .
K e o k u k & W e st. 4 th w k F eh
L . E r ie A l l . & S o. F e b r u a r y .
L . E r ie & W e s t. 4 t h w k F eb
L e h ig h & H u d . . F e b r u a r y .
D ecem ber.
L e h ig h V a lle y
1 s t w k M ar
L o n g I s la n d —
L o u is .& M o .R iv D e c e m b e r .
L o u is .E v .& S t .L , 4 t ,k w k F e b
L o u is v .& N a s h v . 4 t h w k F e b
L o u is .N . A .& Ch. 4 t b w k F eb
L o u .S t . L . & T e x , F e b r u a r y .
M a c o n & B ir m .. F e b r u a r y .
M a u i s t iq u e ......... F e b r u a r y .
M ar. & N or. G a . D e ce m b e r.
M e m p h is & C h a s . 3d w k F e b .
{M e x ic a n C e n t. 4 t h w k F e b
fM e x . N a t io n a l. 4 t h w k F e b
{ M e x ic a n R ’ w a y W k F e b . 18
M ilw a u k e e & N o l s t w k M a r
M in e r a l R a n g e . F e b r u a r y .
M in n e a p . & St. L_ F e b r u a r y
M . S t .P . & S .S .M . 4 th w k F e h
M o .K a n . & T e x . . 4 t h w k F e b
M o .P a c .& l r o u M 4 t h w k F e b
M o b ile & B ir m . J a n u a r y .. .
M o b ile <fc O h i o .. F e b r u a r y .
N a s h .C li.& S t .L . J a n u a r y ...
N J e rse y & N .Y . O cto b e r . ..
N e w O r l.& S o ’ n
J a n u a r y .. .
N.
Y . C . & F e. b r- u a r y .
H R
N . Y . L . E . <& W J a n u a r y .. .
N .Y .P a .& O h io .. D e c e m b e r .
N . Y . & N . E n g . .. D e c e m b e r .
N .Y .& N o r t h ’ n . . F e b r u a r y .
3 9 ,3 6 0
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6 3 ,5 3 0
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1 9 ,2 2 1
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1 7 7 ,4 1 9
N ’ t h e a s t ’ n (S.C .) D e c e m b e r .
5 0 ,1 2 5
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5 2 1 ,7 1 8
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3 2 3 ,7 4 9
W is. C t. L in e s . 4 t h w k F e b
9 2 ,9 3 4
N .P .& W .C e n t. 4 t h w k F e b
4 1 6 ,6 8 3
O h io & M is s ........ F e b r u a r y .
3 5 2 ,9 6 7
4 th w k F eh
O h io R i v e r
1 3 ,5 2 5
O h io S o u t h e r n .. F e b r u a r y .
6 6 .4 0 0
O m a h a & S t. L . . J a n u a r y .. .
5 4 ,5 9 8
O reg on Im p . C o . D e ce m b e r.
3 0 1 ,6 4 5
P a d .T e n n .& A la . F e b r u a r y .
2 2 ,2 8 0
T e n n . M id l’ d .. F e b r u a r y .
1 8 ,6 8 7
P e c o s V a lle y —
D ecem ber.
1 2 ,0 0 0
P e n n s y lv a n ia .. . J a n u a r y .. . 4 ,9 2 3 ,2 4 6
P e o r i a D e c .& E v . 4 t h w k F e b
1 9 ,4 2 1
P etersb u rg ,
J a n u a r y .. .
3 6 ,6 9 7
P h ila . & E r i e . . . J a n u a r y .. .
3 2 1 ,4 0 4
P l i il a .& R e a d ’ g . J a u u a r y .. . 1 ,5 0 5 ,7 8 1
C o a l& I r . C o .c J a n u a r y .. . 5 ,3 1 9 ,1 1 3
T o t a l b o t h C os. J a n u a r y .. . 6 ,8 2 4 ,8 9 4
L e h ig h V a lle y . D e c e m b e r . 1 .7 6 0 .5 5 5
P it t s . M a r .& C h J a n u a r y .. .
3 ,2 5 8
P lt t .S b e n .& L .E . D e c e m b e r .
3 2 ,3 2 2
P it t s . & W e st, s y s 4 t h w k F e b
4 1 ,5 1 0
P it t . Y o u n g .& A . J a n u a r y .. .
8 4 .0 8 2
P t. R o v a l & A u g. D e c e m b e r .
2 1 ,3 5 1
P t .R o y .& W .C a r . D e c e m b e r .
3 4 ,2 9 9
Q u in c y O & K .C . F e b r u a r y .
1 9 ,3 4 9
R i c h . & P e t e r s b . J a n u a r y .. .
2 5 ,2 5 9
R io G r. S o u t h ’ n . 1 s t w k M a r
1 1 ,5 8 3
2 7 ,7 0 0
R i o G r. W e s t ’ n .. l s t w k M a r
S a g .T u s c o la & H . F e b r u a r y .
8 ,4 1 4
S t .L .A .& T .H .B ’ s 4 th w k F e b
2 9 ,4 6 0
S t .L .K e u ’ e t& S o . J a n u a r y ...
2 ,5 0 7
S t. L .S o u t h w ’ r n . 4 t h w k F e b
1 2 0 ,3 0 0
S t. P a u l & D u l ’ th F e b r u a r y .
1 1 2 ,8 6 8
S .F r a n .& N .P a c . 4 th w k F e b
1 8 ,8 6 2
S a n d e r s v .& T e n . F e b r u a r y .
633
S a n A n t. & A . P . D e c e m b e r .
1 7 3 ,0 3 5
Sav. A m . & M on. F e b r u a r y .
4 4 .5 0 0
F eb ru a ry.
S i lv e r t o n ..
n il
S i o u x C it y & N o. F e b r u a r y .
3 4 ,3 4 8
S o u t h B o u n d ___ F e b r u a r y .
2 2 ,0 0 0
S o u t h C a r o lin a .. F e b r u a r y .
1 5 3 ,9 1 2
S o . P a c i f ic C o .—
G a l.H a r .& S .A D e c e m b e r .
3 8 4 ,7 8 5
L o u is ’ a W e s t
D ecem b er.
1 1 3 ,8 6 4
M organ’ s L&T. D ecem ber.
7 5 0 ,3 2 4
N .Y .T . & M e x . D e c e m b e r .
2 5 ,1 3 5
T e x . & N , O r l. D e c e m b e r .
1 5 3 ,4 8 9
A t l a n t i c s y s .d . D e c e m b e r . 1 .4 4 7 .4 2 3
P a c i f ic s y s t e m D e c e m b e r . 2 ,6 3 8 ,0 0 0
T o t a l o f a l l .. D e c e m b e r . 4 .0 8 5 .4 2 3
1 6 7 ,1 8 7
C o a s tD iv (C a l.) N o v e m b e r .
7 0 8 ,4 2 8
S o u .D iv . (C a l.) N o v e m b e r .
1 8 9 ,5 9 0
A r iz o n a D i v .. N ovem b er.
8 8 ,0 9 0
N e w M e x .D i v . N o v e m b e r .
1 1 ,9 9 4
S p a r. U n . & C o l. D e c e m b e r .
S t a t e n I s l. R . T . J a n u a r y . .
5 9 ,9 9 8
1 ,3 9 5
S t o n y C l.& C M t .. J a n u a r y .. .
S u m m it B r a n c h . J a n u a r y . . .
1 0 2 ,4 3 1
8 2 .0 8 9
L y k e n s V a ll e y J a n u a r y .. .
1 8 4 ,5 2 0
T o t ’ l b o t h C o ’ s J a n u a r y .. .
1 5 4 ,4 7 7
T e x a s & P a c ific . 4 t h w k F e b
4 ,2 2 1
T e x S. V a l& N .W . F e b r u a r y .
T o l. A . A .& N .M . l s t w k M ar
2 5 ,2 5 3
J a n . 1 to L a te s t D a te
1 8 9 2 -3 .
1 8 9 1 -2 .
I
$
2 ,4 7 9
3 ,3 5 8
2 ,4 7 9
2 ,6 2 6
2 ,8 3 9 ,
2 ,6 2 6
1 2 ,3 6 9
2 5 ,6 0 0
2 7 ,1 7 4
4 ,8 8 1
11,468|
9 ,4 6 1
1 ,8 3 0 ,7 8 7 1 9 ,3 1 0 ,5 0 8 1 8 ,7 3 6 ,9 0 6
3 8 ,5 4 0
7 2 ,8 1 8
8 8 ,0 3 6
9 0 ,1 7 0
7 4 7 ,8 6 3
5 8 3 ,3 1 5
3 8 ,8 5 0
3 0 1 ,5 6 4
2 5 6 ,4 8 3
3 0 ,0 3 3
2 8 9 ,2 6 9
3 2 4 ,2 1 8
2 ,3 8 3
5 ,5 6 5
4 ,6 8 5
6 6 ,5 9 1
6 8 ,4 9 5
1 5 1 ,4 5 6
8 ,3 1 0
5 0 ,6 4 2
5 2 ,8 6 0
6 ,3 9 9
5 4 ,7 4 0
4 9 ,5 1 6
1 0 5 .7 0 4
8 6 1 ,1 9 1
8 4 2 ,0 8 0
2 7 ,4 4 1
2 1 3 ,5 0 :2
2 0 5 ,7 6 9
6 ,3 9 5
2 8 ,5 3 8
7 ,9 6 2
6 ,4 0 4
7 4 ,7 7 4
3 1 ,6 8 7
1 ,6 1 0 ,2 3 5
6 3 ,8 9 1
3 8 ,2 9 2
3 1 ,6 0 5
4 9 6 ,6 1 6
6 4 ,2 9 9
2 7 ,4 0 1
7 ,4 7 4
1 2 ,9 5 5
2 8 ,7 0 4
1 7 7 ,2 5 4
8 7 ,0 6 6
6 3 ,4 4 8
2 7 ,4 0 1
1 0 ,0 9 3
1 6 1 ,7 9 2
6 1 ,3 0 3
1 9 3 ,9 6 0
7 1 4 ,0 0 0
2 2 ,8 2 0
3 0 6 ,4 1 5
3 9 7 ,8 7 6
2 6 ,6 7 8
1 3 ,1 4 2
3 ,5 0 5 ,4 1 5
2 ,1 8 6 ,5 7 0
6 5 4 ,8 0 7
3 9 ,8 3 2
6 6 ,9 5 4
1 1 3 ,9 3 2
2 9 ,9 0 8
2 1 3 ,5 1 9
5 9 ,0 3 9
5 4 9 ,9 1 0
4 3 1 ,9 7 7
1 0 5 ,6 3 0
5 3 7 ,6 0 8
3 3 2 ,5 2 3
1 1 ,5 5 5
5 3 ,7 3 6
5 5 ,7 1 5
2 9 7 ,8 3 8
9 ,5 6 3
1 5 ,5 1 7
8 ,2 1 6
5 ,0 1 9 ,7 4 1
1 9 ,1 6 0
3 7 .5 5 9
3 5 9 ,6 7 5
1 ,7 2 7 ,2 1 5
1 ,5 3 2 ,0 4 1
3 ,2 5 9 ,2 5 5
1 ,6 1 0 ,2 3 5
3 ,0 2 6
3 1 ,5 7 9
4 7 ,5 2 4
8 0 ,4 8 8
2 7 ,6 3 6
3 0 ,9 6 2
2 3 ,3 9 6
2 4 ,2 4 3
8 ,6 6 L
3 0 ,5 0 0
6 ,9 9 0
2 9 ,2 6 0
2 ,8 0 4
1 0 1 ,8 0 0
1 3 0 ,7 7 8
1 7 ,7 3 5
498
1 1 3 ,0 1 7
3 9 ,1 6 4
340
3 1 ,3 4 6
1 2 ,6 0 0
1 5 0 ,4 8 5
3 8 7 ,0 0 5
1 0 4 ,8 6 8
6 9 9 ,9 2 2
2 4 ,6 5 0
1 5 1 ,1 5 6
1 ,3 9 1 ,7 1 9
2 ,7 4 2 ,5 6 1
4 ,1 3 4 ,2 8 0
2 0 7 ,5 3 6
6 7 9 ,7 3 2
1 9 0 ,3 0 5
9 2 ,7 2 2
1 1 .5 6 0
5 5 ,3 9 0
1 ,1 0 7
9 2 ,1 2 3
7 4 ,1 1 6
1 6 6 ,2 3 9
1 7 2 ,5 3 1
4 ,3 5 5 '
1 8 ,1 0 7
3 1 ,6 6 7
6 6 ,5 2 0
1 5 .0 3 3
5 6 2 ,1 2 8
7 8 ,3 5 8
2 8 ,5 3 8
6 9 ,2 8 7
1 2 ,5 0 7
5 4 6 ,4 0 0
5 8 ,8 7 9
5 3 8 ,3 9 3
4 7 8 ,9 7 9
2 9 8 ,6 9 0
3 ,6 6 7 ,0 0 9
4 1 6 ,9 0 7
1 0 0 ,6 2 1
9 ,4 4 7
2 3 ,7 3 7
5 2 7 ,9 6 7
4 8 0 ,2 9 8
1 5 5 ,3 6 3
3 ,3 6 6 .2 4 0
4 1 9 ,3 7 4
1 0 7 ,7 0 9
1 1 ,9 0 4
2 3 ,7 9 6
24 i ,025
1 ,2 2 3 ,9 9 1
7 2 2 ,9 1 0
4 4 5 ,2 1 7
2 7 3 ,6 8 2
1 5 ,1 0 7
2 4 4 ,7 6 0
4 6 2 ,5 2 2
1 ,3 7 8 ,9 6 8
4 ,3 2 0 ,2 0 1
2 7 ,9 5 7
5 7 6 ,3 3 1
4 3 3 ,4 6 2
2 7 1 ,6 7 7
1 2 ,4 5 1
6 ,7 4 1 ,3 9 6
2 ,1 9 4 ,8 6 2
2 1 5 ,6 8 0
1 ,2 0 5 ,4 1 5
6 3 4 ,3 9 4
4 5 3 ,1 1 7
2 6 6 ,9 2 9
2 0 ,2 0 6
2 8 8 ,7 1 7
4 2 1 ,9 4 9
1 ,2 4 7 ,7 4 8
4 ,2 9 4 ,0 4 0
2 2 ,8 2 0
5 9 1 ,5 9 3
3 9 7 ,8 7 8
2 4 3 ,6 6 9
1 3 ,1 4 2
6 ,8 2 7 ,2 7 5
2 ,1 8 6 ,5 7 0
6 ,2 2 0 ,4 9 4
8 5 ,7 9 0
4 9 4 ,9 5 3
1 1 4 ,5 9 8
1 9 ,2 2 1
1 ,3 8 9 ,4 9 6
6 0 8 ,0 0 9
5 2 1 ,7 1 8
2 ,4 5 6 ,5 7 0
6 7 5 ,4 3 0
3 ,1 3 2 ,0 0 0
7 2 1 ,3 6 4
1 0 5 ,5 0 0
1 3 2 ,3 1 8
5 4 ,5 9 8
3 ,8 9 5 ,7 8 3
4 6 ,4 0 6
3 7 ,0 8 9
1 2 3 ,7 3 8
4 , 9 2 3 ,2 4 6
1 4 5 ,2 5 5
3 6 ,6 9 7
3 2 1 ,4 0 4
1 ,5 0 5 ,7 8 1
5 ,3 1 9 ,1 1 3
6 ,8 2 4 ,8 9 4
6 ,2 2 9 ,0 3 0
7 5 ,2 7 9
4 1 1 ,8 1 6
1 1 3 ,9 3 2
2 9 ,9 0 3
1 ,4 1 3 ,7 9 6
7 1 7 ,5 0 8
5 4 9 ,9 1 0
2 ,9 8 5 ,3 5 2
7 6 2 ,1 5 7
3 , 7 4 7 ,5 1 0
6 9 2 ,0 9 7
9 1 ,2 7 3
1 1 7 ,3 9 8
5 5 ,7 1 5
4 ,2 5 6 ,4 1 5
1 6 ,0 0 1
2 8 ,1 7 7
5 7 ,7 8 0
5 ,0 1 9 ,7 4 1
1 3 9 ,9 2 1
3 7 ,5 5 9
3 5 9 ,6 7 5
1 ,7 2 7 ,2 1 5
1 ,5 3 2 ,0 4 1
3 ,2 5 9 ,2 5 5
3 ,2 5 8
3 9 4 ,1 3 1
3 2 1 ,7 2 9
8 4 ,0 8 2
2 3 8 ,7 1 8
2 9 7 ,1 6 7
4 1 ,6 9 4
2 5 ,2 5 9
1 1 9 ,5 3 3
3 2 2 ,4 9 6
1 6 ,8 8 8
2 5 6 ,5 3 0
2 ,5 0 7
8 8 9 ,8 0 0
2 4 4 ,3 6 1
1 1 2 ,9 4 0
1 ,1 5 8
3 ,0 2 6
3 3 6 ,7 0 6
3 3 5 ,0 0 8
8 0 ,4 8 8
3 5 9 ,4 7 9
3 9 4 ,7 8 4
4 8 ,3 5 2
2 4 ,2 3 3
9 1 ,5 5 5
3 7 4 ,4 2 6
1 4 ,2 6 4
2 2 9 ,2 2 1
2 ,8 0 4
7 2 3 ,6 7 3
2 5 2 ,1 8 0
9 7 ,6 5 5
965
8 8 ,5 1 8
7 ,2 0 0
6 8 ,1 4 8
4 1 ,0 0 0
2 8 5 ,9 1 2
7 2 ,2 0 0
6 ,8 4 0
6 6 ,4 3 5
2 4 ,1 0 0
2 6 5 ,0 7 5
,5 5 6 ,4 2 4 4 ,5 1 7 ,5 8 9
,0 9 8 ,4 7 0 1 ,0 6 1 ,6 7 6
7 4 1 ,3 2 1 5 , 7 8 2 ,8 3 6
2 4 1 ,6 8 2
2 5 7 ,4 3 7
,6 9 0 ,2 2 6 1 ,6 7 4 ,5 0 9
,4 9 8 ,0 7 0 1 3 ,4 3 9 ,7 3 8
,4 7 3 ,8 1 4 3 7 , 0 1 0 ,0 7 8
,9 7 1 ,8 8 5 5 0 , 4 4 9 ,8 1 6
,0 5 8 ,2 1 2 2 ,1 7 5 ,5 1 1
,3 5 8 ,5 8 1 6 ,3 1 7 ,5 6 5
,8 2 9 ,0 0 1 1 ,8 7 1 ,7 2 0
9 2 5 ,9 1 4
9 7 0 ,7 6 8
1 1 9 ,0 8 2
1 3 4 ,5 9 7
5 9 ,9 9 8
5 5 ,3 9 0
1 ,3 9 5
1 ,1 0 7
1 0 2 ,4 3 1
9 2 ,1 2 3
8 2 ,0 8 9
7 4 ,1 1 6
1 8 4 ,5 2 0
1 6 6 ,2 3 9
,1 7 9 ,9 9 9 1 , 1 1 0 ,3 8 2
8 ,8 9 4
7 ,9 4 5
2 2 5 ,2 6 6
1 7 0 ,3 9 9
THE CHRONICLE.
M a r c h 1 1 , 1 8 9 3 .]
L a te s t E a r n in g s R ep o rte d .
W eek o r M o
T o l . & O h io C e n t e 1 s t w k M a r
T o l . P . & W e s t .. 4 t h w k F o b
T o l . St. L .& K . G. 1st w k M a r
T o l. & S o. H a v en D ecem b er.
m a t e r & D el . .. D ecem ber.
U n io n P a c i f ic —
O r .S .L . & U . N . D e c e m b e r .
O r .R y . & N .C o . D e c e m b e r .
U . Pao. D . & G. D ecem ber.
S t .J o .& G d .I s L 4 t h w k F e b
A.11 o t h e r lin e s . D e c e m b e r .
T o t .U .P .S y e . D e c e m b e r .
C e n t .B r .& L .L . D e c e m b e r .
T o t . c o n t ’leil D e c e m b e r .
M o n ta n a U n .. D ecem b er.
D ea v . T o p . & S. D ecem b er.
M a n . A 1 .& B u r . D e c e m b e r .
J o in t ly o w n e d D e ce m b e r
G r a n d t o t a l. D e c e m b e r .
V e r m o n t V a ll e y J a n u a r y .. .
W a b a s h ............ .‘. 4 t h w k F e b
W e s t J e r s e y ...........l a u u a r y . ..
W .V .C e il.& P it t s J a n u a r y . . .
W e s t V a .& P i t t s . N o v e m b e r
W e 3 t. M a r y la n d . F e b r u a r y .
W e s t . N . Y . & P a 4 th w k F e b
W h e e l. & L . E r ie 1st w k M a r
W i l, C o l. & A u g D e c e m b e r .
W r ig h t s v . & T e n . J a n u a r y . . .
a F ig u r e s c o v e r o n ly
b E a r n in g s g i v e n a r e
« T h e b u s in e s s o f t h e
p a r t m e n t s is i n c lu d e d
n o t g iv e n s e p a r a te ly ,
f o r th e w eek a n d s in c e
1 8 9 2 -3 .
1 8 9 1 -2 .
J a n . 1 to L a te s t D a te.
1 8 9 2 -3 .
1 8 9 1 -2 .
$
4 1 ,9 5 6
1 6 ,0 6 5
4 1 ,1 7 0
1 ,8 1 0
2 9 ,4 9 2
2 7 ,8 4 5
1 9 ,1 4 1
3 9 .7 1 5
1 ,9 6 2
2 6 ,1 7 2
3 7 3 ,0 5 8
1 5 4 ,7 0 4
3 3 8 .5 6 0
2 5 ,9 3 0
4 2 4 ,2 7 6
2 9 5 ,3 6 7
1 7 1 ,7 1 3
3 7 0 ,7 3 1
2 7 ,0 3 8
3 8 6 ,7 7 8
5 7 4 ,7 7 2
3 9 6 ,4 2 2
5 0 6 ,2 1 4
1 8 ,3 7 6
1 ,9 7 2 ,8 6 6
3 ,5 8 8 ,9 3 7
9 5 ,9 4 8
3 ,6 8 4 ,8 8 5
6 8 ,2 8 9
2 ,5 8 3
3 ,3 8 5
7 4 ,2 5 7
3 ,7 2 2 ,0 1 4
1 3 ,0 2 2
2 9 1 ,5 0 0
9 3 ,7 6 5
6 9 ,8 8 0
3 2 ,5 4 1
8 3 ,1 7 3
6 2 ,8 0 0
2 2 ,6 7 3
6 8 ,8 6 5
4 ,9 0 0
6 1 1 ,3 9 6
3 9 8 ,6 4 4
4 4 3 ,1 8 4
2 1 ,1 0 4
1 ,9 7 5 ,3 0 2
3 ,5 8 3 ,2 0 4
1 2 0 ,2 4 3
3 ,7 0 3 ,4 4 7
8 9 ,6 8 5
2 ,2 8 8
2 ,8 6 8
9 4 ,8 4 1
3 ,7 5 0 ,8 6 7
1 2 ,3 0 3
3 0 8 ,2 0 0
9 0 ,3 6 0
8 0 ,4 2 2
2 1 ,7 9 5
7 0 ,4 8 6
7 0 ,3 0 0
2 2 ,3 8 9
7 9 ,0 3 8
5 ,4 2 7
2 0 1 ,2 0 0
8 3 1 ,7 9 3
8 8 5 ,5 2 6
2 0 8 ,9 5 7
9 4 9 ,8 8 0
1 3 5 ,0 9 8
3 1 9 ,8 9 0
,4 5 4 ,9 8 9
,0 6 5 ,8 4 3
3 3 ,2 7 0
4 1 ,2 6 2
1 4 0 ,3 7 5
,0 2 5 ,1 7 6
1 3 ,0 2 2
,0 8 3 ,6 2 5
9 3 ,7 6 5
6 9 ,8 8 0
3 1 9 ,4 8 1
1 6 7 ,3 8 9
5 3 8 ,8 3 4
2 2 3 ,4 6 7
7 9 3 ,8 4 9
4 ,9 0 0
7 ,5 7 4 ,4 5 7
5 ,6 7 3 ,1 7 2
5 ,7 4 6 ,9 6 4
1 9 0 ,5 8 8
2 2 ,7 2 1 ,3 3 2
4 2 ,6 9 9 ,5 8 8
8 9 4 ,1 6 0
4 3 ,5 9 3 ,7 4 8
7 5 4 ,9 3 0
3 0 ,1 6 5
4 0 ,8 7 1
8 2 5 ,9 6 5
4 4 ,0 0 6 ,7 3 0
1 2 ,3 0 3
2 ,2 1 6 ,0 1 0
9 0 ,3 6 0
8 0 ,4 2 2
1 8 2 ,7 1 6
1 3 0 ,5 6 9
5 1 6 ,0 5 3
2 1 7 ,6 t 0
9 3 5 ,6 4 6
5 ,4 2 7
t h a t p a r t o f m il e a g e l o c a t e d i n S o u t h C a r o lin a .
o n w h o le J a c k s o n v i l l e S o u t h e a s t e r n S y s t e m
L e h ig h V a ll e y a n d L e h ig h & W ilk e s b a r r e d e
in 1 8 9 3 . d I n c l u d e s e a r n i n g s f r o m f e r r i e s , e t c .,
t M e x i c a n c u r r e n c y , e T o l. C o l. & C in . i n c l u d e d
J a n . 1 in b o th y ea rs.
Latest Gross Earnings by Weeks.—The latest weekly
•earnings in the foregoing table are separately summed up as
follows:
The fourth week of February was a short week, and this
year lacks the extra day which the week contained last year.
The totals show a loss of 7*70 per cent on the 78 roads included.
4 Hi w e e k o f F e b r u a r y .
A tch . T o p . & San. F e S ys.
S t. L o u is & S a n F r . S y s .
C o l o r a d o M id la n d .........
•Balt. & O h io 8 o u t h w e s t .
B r o o k l y n E l e v a t e d ............
B u ff a lo R o c h . < P i t t s b . ..
fe
•Burl. C e d . R a p . & N o r t h .
C a n a d ia n P a o i f i c ................
C h e s a p e a k e & O h io ...........
C h ic a g o & E a s t. I ll i n o i s ..
♦ C h ic a g o &, G r a n d T r u n k .
C h ic a g o G r e a t W e s t ’ n . . .
C h ic a g o M ilw . & S t. P a u l.
C h ic . P e o r i a & S t. L o u is .
C h ic a g o (fe w e s t M ic h ig a n
C in . J a c k s o n & M a c k in a w
C in .N .O . < feT .P ac.(5roads>
C le v e . A k r o n & C o l ..........
C l e v e . C in . C h ic . & S t. L . .
P e o r ia & E a s te r n —
•Col. S h a w n e e & H o c k in g .
C u r r e n t R i v e r .......................
D e n v e r & R i o G r a n d e .. .
♦ D e t r o it G r . H a v . & M i l . .
D e t r o i t L a n s in g & N o r t h .
D u lu t h 8 . S. & A t l a n t i c .. .
E v a n s v . & I n d i a n a p o li s ..
E v a n s v . & R ic h m o n d —
E v a n s v . & T e r r e H a u te .
F l i n t & P e r e M a r q u e t t e ..
'Q r a n d R a p id s & I n d i a n a
C in c in n a ti R . & F t. W . .
O t h e r l i n e s ...........................
*G ra n d T ru n k o f C anada
I n t e m ’ l & G t. N o r t h ’ n . . .
I o w a C e n t r a l........................
K a n a w h a A M ic h i g a n —
‘K a n s a s C it y C lin . A S p r . .
K a n . C it y F t . S. A M e m ..
K a n s a s C. M em . < B i r m .
&
K e o k u k & W e s t e r n ............
L a k e E r i e & W e s t e r n ___
L o n g I s l a n d ...........................
L o u is v . E v a n s . & S t. L . .
L o u is v i ll e & N a s h v i l l e . ..
L o u is . N. A l b . & C h ic a g o .
M e x i c a n C e n t r a l .................
M e x i c a n N a t io n a l ...............
M e x i c a n R a i l w a y ..............
M ilw a u k e e & N o r t h e r n ..
M in n . S t. P . A S. S te . M . .
M o . K a n s a s A T e x a s ........
M o . P a c i f ic & I r o n M t ___
N e w Y o r k O n t. A W e s t ’ n .
N o r f o l k & W e s t e r n ............
N o r t h e r n P a c i f i c ................
W i s c o n s i n C e n t r a l .........
O h io R i v e r ...............................
P e o r i a D e c . & E v a n s v . ..
P i t t s b u r g & W e s t e r n ........
R i o G r a n d e S o u t h e r n ___
'R i o G r a n d e W e s t e r n ........
S t. J o s e p h < G d . I s l a n d . .
fe
8 t . L . A l t . < T .H . B r c h e s .
fe
S t. L o u is & S o u t h w e s t ’ n .
S an F ra n . < N o. P a c ific .
fc
T e x a s A P a c i f i c ...................
T o l. A n n A . & N. M i c h . . .
T o l e d o & O h io C e n t r a l . . .
T o l e d o P e o r i a A W e s t ’l l..
T o l e d o S t. L . A K a n .C ity .;
W a b a s h ....................................
W e s t e r n N . Y . A P e n n . ..
W h e e lin g & L a k e E r ie . . .
T o t a l (7 8 r o a d s ) ...............
N e t d e c r e a s e (7*70 p. e .)!
1893.
1892.
6 7 3 ,0 9 1
2 0 0 ,1 2 3
3 8 .2 2 7
4 5 ,8 3 2
3 6 ,9 5 4
5 4 .3 5 7
8 3 ,1 7 4
3 4 5 .0 0 0
2 0 2 ,6 8 2
8 4 ,0 6 4
6 2 .2 1 1
8 3 .3 9 6
6 1 7 ,0 5 8
2 5 ,9 4 4
3 0 ,5 5 1
1 4 .1 6 8
2 2 3 ,3 8 6
1 9 ,3 9 1
2 6 4 ,6 7 2
3 4 .3 9 6
1 5 ,0 5 1
2 ,9 5 2
1 6 9 ,7 0 0
1 8 .3 4 9
2 1 ,3 8 4
3 3 ,5 4 2
8 ,0 3 9
2 ,3 7 0
2 8 ,2 9 1
5 3 ,9 1 8
4 0 ,1 6 3
9 ,8 8 5
3 ,9 1 3
3 0 6 ,1 1 2
1 0 3 .3 8 2
2 7 ,6 7 5
6 ,4 9 7
5 ,6 9 1
1 0 2 ,4 5 3
2 4 ,6 7 9
8 ,2 2 2
8 3 ,2 6 9
3 2 ,7 2 3
4 0 ,1 8 6
4 7 6 ,6 7 5
6 0 .1 6 9
1 5 9 ,2 2 2
7 9 ,2 4 9
6 7 ,5 0 0
3 3 ,2 6 5
6 2 ,1 3 8
1 5 3 ,4 4 7
6 7 2 .0 0 0
6 3 .3 5 0
1 7 7 ,4 1 9
3 2 3 ,7 4 9
9 2 ,9 3 4
1 3 ,5 2 5
1 9 ,4 2 1
4 1 ,5 4 0
1 6 ,9 9 2
4 7 ,4 0 0
1 8 ,3 7 6
2 9 ,4 6 0
1 2 0 ,3 0 0
1 8 ,8 6 2
1 5 4 ,4 7 7
2 8 ,8 3 9
4 2 ,7 7 7
1 6 ,0 6 5
3 4 .3 5 0
2 9 1 ,5 0 0 (
6 2 ,8 0 0
2 5 ,0 4 0
$
6 0 4 ,1 6 8
1 9 8 ,6 2 8
5 0 ,9 7 2
5 3 ,4 6 8
3 6 ,5 3 0
6 3 ,5 5 9
9 7 ,6 5 5
3 8 7 ,0 0 0
1 9 0 ,3 9 4
7 2 ,7 4 2
7 2 ,4 6 5
1 2 6 ,5 7 3
6 6 0 ,0 3 8
2 8 ,6 5 1
4 3 ,2 3 8
1 4 ,4 4 2
2 5 7 .3 6 2
1 8 ,9 6 0
3 3 4 ,6 4 5
4 3 ,6 3 1
1 4 ,1 2 5
2 ,9 5 1
1 8 9 ,5 0 0
2 5 ,6 1 0
1 6 ,2 0 1
3 9 ,6 1 5
7 ,6 7 0
2 ,3 0 1
2 7 ,7 9 8
7 6 ,3 3 2
5 3 ,8 6 8
1 1 ,6 5 1
5 ,7 0 1
3 6 2 ,5 0 7
9 0 ,1 7 0
3 0 ,0 3 3
8 ,3 1 0
6 ,3 9 9
1 0 5 ,7 0 4
2 7 .4 4 1
7 ,9 6 2
7 4 ,7 7 4
4 0 ,2 9 9
3 1 ,6 0 5
4 9 6 ,6 1 6
6 4 ,2 9 9
1 7 7 ,2 5 4
8 7 ,0 6 6
6 3 ,4 4 8
3 7 ,6 5 2
6 1 ,3 0 3
1 9 3 ,9 6 0
7 1 4 ,0 0 0
6 6 ,9 5 4
2 1 3 ,5 1 9
4 3 1 ,9 7 7
1 0 5 ,6 3 0
1 1 ,5 5 5
1 9 ,1 6 0
4 7 ,5 2 4
1 1 ,2 7 0
5 5 ,0 0 0
2 1 ,1 0 4
2 9 ,2 6 0
1 0 1 ,8 0 0
1 7 ,7 3 5
1 7 2 ,5 3 1
2 3.45S
3 4 ,7 7 0
1 9 ,1 4 4
4 2 ,1 8 i
3 0 8 ,20(
7 0 ,S 0 (
2 4 ,8 6 7
$
6 8 ,9 2 3
1 ,4 9 5
8 ,3 3 7 ,1 8 5
1 7 8 ,7 0 0
7 ,6 9 4 ,9 6 4
' F o r w e e k e n d in g F e b r u a r y 2 5 ,
In crea se.
D ecrea se.
$
1 2 ,7 4 5
7 ,6 3 6
424
9 ,2 0 2
1 4 .4 3 1
4 2 ,0 0 0
1 2 ,2 8 8
1 1 ,3 2 2
1 0 ,2 5 4
4 3 ,1 7 7
4 2 ,9 7 8
2 ,7 0 7
1 2 ,6 8 7
274
3 3 ,9 7 6
431
6 9 ,9 7 3
9 ,2 3 5
926
1
1 9 ,8 0 0
7 ,2 6 1
5 ,1 8 3
6 ,0 7 3
369
69
493
2 2 ,4 1 4
1 3 ,7 0 5
1 ,7 6 6
1 .7 8 8
5 6 ,3 9 5
1 3 ,2 1 2
2 ,3 5 8
1 ,8 1 3
708
3 ,2 5 1
2 ,7 6 2
260
8 ,4 9 5
7 ,5 7 6
8 ,5 8 1
1 9 ,9 4 1
4 ,1 3 0
1 8 ,0 3 2
7 ,8 1 7
4 ,0 5 2
4 ,3 8 7
835
3 5 ,5 1 3
4 2 ,0 0 0
3 ,6 0 4
3 6 .1 0 0
1 0 3 ,2 2 8
1 2 ,6 9 6
1 ,9 7 0
261
5 ,9 8 4
5 ,7 2 2
7 ,6 0 0
2 ,7 2 3
200
1 8 ,5 0 0
1 ,1 2 7
1 8 ,0 5 1
5 ,3 8 1
8 ,0 0 7
3 ,0 7 9
7 ,8 3 3
1 6 ,7 0 0
7 ,5 0 0
173
8 2 0 ,9 2 1
6 4 2 ,2 2 1
411
Our final statement for the third week of February covers
81 roads, and shows an increase of 1*27 per cent in the
aggregate.
3 d w eek o f F eb ru a ry .
P r e v i o u s l y r e p ’ d ( 7 2 r ’ ds)
B r o o k l y n E l e v a t e d ............
B u rl. C e d . R a n . (fe N o r t h .
C h ic . P e o r i a A S t. L o u i s .
C le v e . A k r o n & C o lu m b u s
I n t e r o c e a n io ( M e x .) ..........
N o r t h e r n P a c i t t o ................
W is c o n s in C e n t r a l ........
S a n F r a n c i s c o (fe N o . P a c.
T o le d o P e o r i a A W e s t ’ n . .
T o t a l (8 1 r o a d s ) ...............
N e t in c r e a s e (1 -2 7 p .o .)
1893.
1892.
In crea se.
$
6 ,6 5 6 ,1 9 9
3 8 .0 0 2
8 4 ,7 6 7
2 6 ,6 1 1
1 8 ,7 3 5
4 2 ,1 0 0
3 0 9 ,1 1 5
8 9 ,9 7 3
1 0 ,9 4 5
2 1 ,5 5 5
$
6 , 5 0 7 ,5 9 9
3 5 .1 9 2
8 4 ,8 )3
2 4 ,0 8 4
1 7 ,5 0 8
3 8 ,8 5 0
3 5 6 ,9 5 0
1 0 3 ,5 9 4
1 0 ,8 7 5
2 1 ,6 3 7
$
3 0 3 ,9 7 5
2 ,8 1 0
7 ,2 9 8 ,0 0 2
7 , 2 0 6 ,1 4 2
3 1 3 ,8 5 9
9 1 ,8 6 0
D ec r e a s e
$
1 5 5 ,3 7 5
86
2 .5 2 7
1 ,2 2 7
3 ,2 5 0
...............
4 7 ,8 3 5
1 8 ,6 2 1
70
82
2 2 1 ,9 9 9
Net Earnings Monthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week. A. full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n i c l e of February 18. The next will appear in
the issue of March 18.
G ro ss E a r n i n g s . — N et E a r n i n g s . -----1 8 9 2 -3 .
1 8 9 1 -2 .
1 8 9 2 -3 .
1 8 9 1 -2 .
R oads
$
C h ic . B u r . A N o r . . . b . J a n .
1 4 6 ,7 4 4
1 8 ,6 1 8
3 1 ,0 2 4
1 5 0 ,0 7 8
C h ic . & W . M i c h . . . a . J a n .
1 2 7 ,8 7 9
1 1 7 ,1 8 7 ( d e f .1 ,8 7 5
1 8 ,1 9 8
1 3 5 ,6 6 9
2 8 5 ,0 1 7
C le v .C in .C . A S t. L . a . J a n . 1 ,0 0 6 ,7 6 0 1 ,1 0 0 ,6 1 5
J u l y 1 t o J a n . 3 1 ___ 9 ,0 0 2 ,8 8 1 8 ,8 4 5 ,6 7 1 2 ,2 5 2 ,4 6 9 2 , 6 6 4 , 0 4 0
3 1 6 ,2 1 1
7 4 8 ,6 1 6
7 2 6 ,3 4 2
D en . A R . G r a n d e .b .J a u .
3 0 9 ,5 5 9
J u l y L t o J a n . 3 1 ___ 5 , 7 5 7 ,8 2 8 5 ,3 4 4 ,7 6 1 2 ,5 7 3 ,5 5 4 2 ,3 1 0 ,7 6 1
M e x ic a n C e n t r a l ___ J a n .
6 3 1 ,6 6 0
6 1 3 ,0 2 2
1 6 0 ,2 6 7
2 1 1 ,8 5 9
1 2 6 ,9 2 5
3 7 ,0 9 4
M in n , (fe S t. L o u i s . . a . J a n .
1 2 6 ,9 5 6
5 0 ,5 6 1
J u ly 1 t o J a n . 3 1 ___ 1 ,2 4 1 ,7 4 6 1 ,2 0 4 ,6 8 5
4 3 1 ,3 9 4
5 1 4 ,1 6 7
N .Y . O n t . & W e 3 t .a ., J a n .
2 6 7 ,4 8 8
2 0 1 ,2 8 9
4 1 ,9 8 8
2 2 ,9 8 7
J u l y 1 t o J a n . 3 1 ___ 2 ,1 4 9 ,6 8 1 1 ,8 7 5 ,1 3 9
5 6 3 ,7 0 6
4 8 0 ,9 1 9
O h io A M is s is s ip p i . a J a n .
3 6 8 ,3 9 7
3 5 9 ,5 7 4
1 0 5 ,7 0 1
7 9 ,2 8 6
J u l y 1 t o J a n . 3 1 ___ 2 ,6 0 0 ,0 1 9 2 ,6 4 7 ,3 8 5
8 0 7 ,6 3 5
7 5 7 ,8 3 5
P h il a d e l p h i a & E r i e . J a n .
3 2 1 ,4 0 4
3 5 9 ,6 7 5
3 3 ,1 9 0
8 8 ,2 6 3
S t. L . S o u t h w e s t ’ n . . . D e c .
7 1 7 ,4 4 5
J a n . 1 t o D e c . 3 1 ___ 4 , 6 4 6 .6 1 6 4 .5 6 5 ,7 9 7
4 5 6 ,5 2 7
J u ly 1 t o D e c . 3 1 —
2 ,6 5 9 ,7 8 5 2 ,7 1 2 ,3 7 2
5 9 4 ,6 2 8
7 8 7 ,1 1 9
5 0 ,6 0 7
8 a n F r a n . ( fc N .P a c .a .F e b .
4 8 ,9 7 0
4 .7 4 8
2 ,0 4 7
Jan . 1 to F eb . 28 —
1 1 2 ,9 4 0
9 7 ,6 5 5
1 9 ,7 7 3
6 ,3 0 5
6 0 4 ,7 3 5
J u l y 1 t o F e b . 2 8 ___
6 0 6 ,7 8 8
2 1 8 ,0 9 0
2 2 9 ,4 1 4
T o l e d o A O. C e n t. b . . J a n .
1 6 8 ,2 4 6
1 4 2 ,1 4 4
6 3 ,0 7 3
3 7 ,6 3 0
J u l y 1 t o J a n . 3 1 ___ 1 ,2 9 7 ,7 2 7 1 ,1 5 9 ,0 7 2
4 7 2 ,8 0 3
3 9 9 ,4 2 3
W h it e b r e a s t F u e l C o . J a n .
2 3 ,2 9 8
1 4 ,5 5 5
J u l y 1 t o J a n . 3 1 ___
6 7 ,3 4 9
6 9 ,1 9 0
a N e t e a r n in g s h e r e g i v e n a r e a f t e r d e d u c t i n g t a x e s ,
b N e t e a r n in g s h e r e g iv e n a re b e fo r e d e d u c t in g ta x e s .
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given above, also
report charges for interest, &c., with the surplus or deficit
above or below those charges.
l n t e r ’ t, r e n t a ls ,
— H a !, o f N et E a m s . 1 8 9 2 -3 .
1 8 9 1 -2 .
1 8 9 2 -3 .
1 8 9 1 -2 .
R oads.
C liic . & W e s t M i c h . . . J a n .
3 2 ,5 0 2
2 2 ,1 6 9 d e f .3 4 ,3 7 7
d e f .3 ,9 7 1
2 1 6 ,6 1 5
2 2 1 ,3 9 7 d e f .8 0 ,9 4 6
6 3 ,6 2 0
C le v . C. C b . & S t. L . .J a n .
J u l y 1 t o .J a n 3 1 . . . . 1 ,5 4 5 ,0 7 0 1 , 5 9 1 ,7 3 9
7 0 7 ,3 9 9 1 ,0 7 2 ,3 0 1
1 8 4 ,9 8 0
2 0 8 ,0 6 5
1 3 1 ,2 3 1
1 0 1 ,4 9 4
D e n v . & R i o G r a n d e .J a n .
J u l y 1 t o J a n . 3 1 ___ 1 ,5 2 7 ,8 2 2 1 , 6 3 6 ,6 5 8 1 ,0 4 5 ,7 3 2
6 7 4 ,1 0 3
A N N U A L
R E P O R T S .
New York & New England R ailroad.
( F o r t h e y e a r e n d i n g D e e . 31, 1893.^
Mr. Charles Parsons, the late President, says in his report
that, correcting certain figures for the first quarter of 1893
the result is made as follows:
D e c r e a s e n e t e a r n i n g s , fir s t t h r e e m o n t h s .......................................
I n c r e a s e n e t e a r n i n g s , l a s t n i n e m o n t h s ............................................
$ 1 4 9 ,6 8 9
4 2 ,3 5 3
“ The gross earnings during the first quarter show an in
crease, and the decrease in net was due to an extraordinary
increase in the percentage of operating cost, due to causes
largely within the control of the management of the road.
During the last nine months of the year, on the other hand,
there was a large diversion of business beyond the control of
the company, resulting in a decrease in gross earnings so large
at times that the strictest economy could not offset it. The
showing has, therefore, the satisfactory feature that with
careful management and the retention o f the present business
the first quarter of the year 1893 should show a large increase
in net earnings. An analysis of the results of the two years,
as shown, affords convincing proof that they neither represent
a fair comparison of the business of one year with the other,
nor the present earning capacity of your road. During the
fall and winter of 1891-92 the operation of your road can be
said to have been in a demoralized condition, and your man
agement showed its inability to handle the traffic offered.
The tracks were blockaded, great delays occurred and the
expense of operation was increased in mauy ways.” * *
“ The local freight business shows an increase of 130,406 net
tons, 13-54 per cent, and an increase in revenue of
§135,923, 11-63 per cent. The through freight business shows
a loss of 82,047 net tons, 8 66 per cent, and a decrease in rev
enue of §148,567, or 6 per cent. Of this loss in revenue
at least §110,000 is on ‘.business interchanged with
the New York New Haven & Hartford Riilroad, and
most of the balance is a matter of book-keeping,
THE CHRONICLE
412
through business formerly d o n 1in an l out of Providence via
the Providence & Worcester Railroad having become local by
reason of its now being done over your own road.
“ During the summer of 1893, in the midst of the diversion
of business and consequent los3 of revenue, your company
was threatened with embarrassment by the calling in of loans
made by a Boston bank which had theretofore stood by the
company, but the liberal advances made by one of the officers
of the company enabled it to meet all indebtedness promptly
and to disappoint the managers of a rival road.”
* *
“ The usual dividend of
per cent upon the preferred
stock was declared in the spring of 1893, but payment was en
joined. At the time the dividend was declared, your man
agement was ignorant of the suppression during 1891 of
large amounts which should have been charged to operating
expenses, and thereby decreased the net earnings for that
year. No dividend was declared in the fall of 1893.”
F LO A T IN G D E B T D E C E M B E R 3 1 .
A v a il a b l e a s s e ts —
D u e f r o m a g e n t s a n d c o n d u c t o r s .............. . . . .
D u e fro m c o m p a n ie s a n d in d iv id u a ls ... . . . .
C a s h ............................................................................. . . . .
1892.
$ 6 6 2 ,3 9 5
8 2 8 ,5 0 3
2 8 2 ,6 6 0
1891.
$ 6 6 1 ,5 4 0
4 9 7 /2 2 L
2 8 6 ,5 0 4
[Y ol , LA I.
genera
:,
balance
dec
T o t a l a s s e t s ........................................4 1 , 8 0 5 ,1 2 6
L i a b i l it i e s —
S t o c k , c o m m o n .........................................2 0 ,0 0 0 ,0 0 0
S t o c k , p r e f e r r e d ...................................... 2 , 7 0 0 / 0 0
F u n d e d d e b t (s e e S u p p l e m e n r ) . . .1 6 ,3 8 6 , 0 0 0
R e a l e s t a t e m o r t g a g e s ........................
1 4 0 ,0 0 0
R e a l e s t a t e a n d e q u ip , c o n t r a c t s . .
6 3 3 , 5 ^5
I n t e r e s t a c c r u e d ..........................
4 6 9 ,6 5 2
N o t e s p a y a b l e ...........................................
3 4 2 ,7 5 0
U n p a i d v o u c h e r s .....................................
5 5 6 ,1 0 9
U n p a id p a y - r o l l s .....................................
3 9 ,2 9 0
D u e o n t r a ff ic b a l a n c e s , & c .............
4 0 0 ,7 8 7
M is c e l la n e o u s ...........................................
8 7 ,0 0 3
T o t a l l i a b i l i t i e s ...............................4 1 ,8 0 5 ,1 2 6
T o t a l ................................................................... . . . 7 $ 1 , 7 7 3 , 5 5 9
C u r r e n t lia b ilit ie s —
$ 2 ,5 8 0
U n p a i d b o n d c o u p o n s .......................................
4 4 2 ,8 5 3
N o t e s p a y a b l e ....................................................... . . . .
6 0 0 .9 8 7
U n p a i d v o u c h e r s . ............................................... . . . .
U n p a i d p a y - r o l l s .................................................
8 5 ,6 9 7
D u e o n t r a ffic a c c o u n t s ....................................
. 31.
1890.
1891.
1892.
Assets—
$
$
$
R o a d a n d e q u i p m e n t ................
3 9 ,5 5 1 ,7 7 1 . 3 9 , 8 8 5 ,9 9 6 4 0 ,3 0 3 ,7 2 0 '
N e w E n g . T e r m i n a l s t o c k ................
9 9 ,9 0 )
9 9 ,9 0 0
S u p p lie s a n d m a t e r ia ls o a h a n d . . .
3 9 3 ,0 3 1
4 0 2 ,8 7 5
2 7 7 .7 8 5
D a e fro m a g e n ts a n d c o n d u c t o r s ..
5 2 1 ,0 5 0
6 6 1 ,5 4 0
6 6 2 ,3 9 3
D u e f r o m c o m p a n i e s a n d i n d i v id ’ s
4 5 0 ,3 6 1
4 9 7 ,2 2 1
828 503
C a s h ................................................................
2 1 5 ,1 7 7
2 8 6 .5 0 4
2 3 2 ,6 6 0
“ O th e r e x p e n ’ s ” ( m a in ly t a x e s ) . . .
2 3 4 ,6 J 6
1 8 7 ,1 6 6
2 0 1 ,4 9 3
D iv i d e n d N o . 1 3 ( e u j o i u e l ) ......................................
12 -5 .2 7 5
P r o fit a a d l o s s ...........................................
3 0 2 ,6 6 9
4 3 1 ,9 1 4
5 7 1 ,0 7 6
4 2 , 4 5 3 ,1 1 7
4 3 ,2 5 5 , 9 0 8
2 0 .0 0 0 ,0 0 0
3 , 3 0 0 ,0 0 0
1 6 ,3 8 6 ,0 0 0
1 4 0 ,0 0 0
6 5 8 ,5 3 5
466752
3 3 1 ,3 0 3
6 1 4 ,1 8 1
8 2 ,3 2 1
3 8 7 ,6 5 2
8 6 ,3 7 2
2 0 , 0 0 0 ,0 0 0
3 , 7 0 5 ,0 0 0
1 6 ,3 3 6 ,0 0 0
1 7 4 ,3 0 0
6 2 2 ,2 2 2
4 7 0 ,9 1 0
4 4 2 ,8 5 3
6 0 0 ,9 8 8
8 5 ,6 9 8
5 5 0 ,8 3 4
* 2 1 7 ,0 5 3
4 2 ,4 5 3 ,1 1 7
4 3 /2 5 5 ,9 0 8
$ 1 , 4 4 5 /2 6 6
* I n c lu d e s e n j o i n e d d i v i d e n d , $ 1 2 8 ,2 7 5 .
$ 1 ,4 5 0
3 3 1 ,3 0 3
6 1 4 ,1 8 0
8 2 ,3 2 1
3 8 7 ,6 5 2
.
.
Pennsylvania Railroad.
( For the year ending December 31, 1892J
The full text of the annual report of Mr. G. B. Roberts,
$ 1 , 6 8 3 ,0 0 2
$ 1 ,4 1 6 ,9 0 7 President of this company, will be found on subsequent
I n t e r e s t a c c r u e d t o D e c . 3 1 .........................
4 6 0 ,7 5 1
pages, containing statistics of the traffic and earnings ot the
past year. Remarks upon the report will also be found in tiie
T o t a l ...................................................................
S I , 8 3 3 ,6 5 9
editorial columns. The earnings, general income account and
N e t f lo a t i n g d e b t ................................................. ____ $ 3 3 0 ,3 5 3
$4387393
“ It will be noted by reference to the reports for the past and balance sheet for three years, compiled for th e C h r o n i c l e ,
preceding years that your road has made, and will have to are given herewith, presenting an interesting comparison.
make, large annual expenditures for construction and im EAR N IN G S ON A L L L IN E S, BO TH EAST A N D W E S T O F P IT T S B U R G AN D E R IE
provement accounts. These amounts have been for a period
1890.
1891.
1892.
$
$
$
of five years as follows: 1893, $8 i7,833; 1891, $334,234; 1890
1 3 4 ,2 5 1 .6 1 3
1 3 8 ,9 7 4 ,5 2 1
(15 months) $917,836; 1889, $787,541; 1888, $535,428. These ex G r o s s e a r n i n g s ................... 1 3 3 ,5 2 1 ,6 2 3
9 ^ ,0 0 3 ,3 6 5
9 1 ,8 1 9 ,6 6 0
9 S ,3 5 -,o 8 3
penditures have heretofore been made by the sale of preferred O p e r a t in g e x p e n s e s ........
stock, the issue of car trust notes and of notes secured by
N e t e a r n i n g s ...............
4 ,1 ,5 1 8 ,2 5 8
4 2 ,4 ,3 1 ,9 5 3
4 0 ,6 2 2 ,4 3 8
mortgage upon property purchased and the accumulation of a T R A F F IC ON A L L L IN E S B O T H E A ST AN D W E S T O F P IT T SBU RG A N D E R IE
Seating debt.
1890.
1891.
1892.
“ In accordance with your resolutions, two mortgages have P a s s e n g e r s c a r r i e d ..........
8 4 ,1 1 2 ,4 6 0
8 6 ,9 3 4 ,5 1 7
8 9 , 6 9 0 ,3 4 1
been made during the year—one to the Treasurer of the State P a s s e n .e r s c a r r ie d 1 m . 1 ,5 9 9 ,5 3 4 ,3 4 1 1 , 6 1 2 ,9 1 3 ,2 2 7 1 , 7 5 8 , 9 0 7 , 3 2 2
1 3 7 ,4 1 6 ,9 8 5
1 2 9 ,9 9 2 ,5 9 ft
1 4 1 ,3 7 1 8 4 6
of Connecticut, as trustee, and the other to the Farmers’ F r e ig h t (to n s ) c a r r i e d . .
Loan & Trust Company, as trustee—both to secure the issue F r e i g h t (ions) car. 1 m . . 1 2 ,6 5 3 ,4 9 3 ,9 6 7 1 2 ,2 8 5 , <1 4 ,7 0 7 1 3 ,1 5 7 ,0 3 7 ,3 6 0
Below are given the results on the lines east of Pittsburg
of an amount of 50-year 5 per cent consolidated mortgage
bonds, not exceeding in the aggregate $25,000,000, the tot d and Erie, comprising the “ Pennsylvania Railroad Division,”
amount of such bonds, and of any other bonds of your com the “ United Railroads of New Jersey Division ” and the
pany outstanding, to at no time exceed the amount “ Philadelphia & Erie Division.”
of outstanding capital stock.
Litigation has resulted,
T R A F F IC ON LIN ES E A ST O F P IT T S B U R G AN D E R IE ,
the holders of a few shares of stock claiming that
1890.
1891.
1892.
the bonds cannot be legally issued UDder Connecti M ile s o p e r a t e d
2 ,5 0 1
2 ,5 7 3
2 ,6 5 8
cut statutes restricting the issue of bonds by a rail P a s s e n g e r s c a r r i e d .............. 4 3 , 8 1 0 , 3 8 2
4 4 ,8 1 0 ,7 2 7
4 6 ,6 4 8 ,5 7 2
7 9 5 ,0 9 8 ,6 1 8
8 4 3 ,s i f t ,6 0 9
road company to one-half the cost of construction. Careful P a s s e n g e r s c a r r i e d 1 m . 7 7 8 ,8 1 8 ,9 1 7
2 -0 7 7 c t s .
2 0 5 4 c ts .
1 -9 8 0 c t s .
investigation has been made of the original cost of all the R a t e p e r p a s s , p e r m il e .
T o n s c a r r ie d
6 7 ,8 5 8 .3 9 8
6 7 ,5 0 1 ,2 6 5
7 1 ,9 1 5 ,3 2 5
properties now united in the ownership of your corporation, T o n s c a i r i e d o n e m i l e . . . 7 , 0 4 1 , 5 2 3 , 1 0 0 7 ,1 1 9 ,5 7 6 ,8 1 2 7 ,6 1 3 ,3 4 8 ,6 1 1
and the actual cost was found to be more than double the R a t e p e r t o n p e r m i l e . . .
0 -6 5 5 c ts .
0 6 5 9 cts.
0 62 6 cts.
proposed issue of bonds. The matter is still, however, pend
EARNING S A N D E X P E N S E S O N LIN ES E A ST O F P IT T SB U R G A N D E R IE .
ing in the Connecticut courts. The proposed issue will pro
1890.
1891.
1892.
vide for all outstanding bonds of your company, and a sur
E a r n in g s —
¥
*
$
plus of assets, much needed by your company to enable it to F r e i g h t ....................................................... 4 5 ,7 8 3 ,5 9 7 4 6 ,6 5 0 ,1 8 4 4 7 , 4 6 0 , 4 5 3
make judicious expenditures, which will insure a return in P a s s e n g e r ................................................. 1 8 ,8 1 8 ,6 0 9 1 6 , 9 6 2 ,2 7 0 1 7 , 3 6 0 ,8 7 8
E x p r e s s .......................................................
1 ,1 8 7 ,6 8 1
1 ,2 1 s ,4 5 3
1 , 2 9 1 ,2 2 9
earnings more than equal to the increased charges.”
0 3 5 ,0 5 4
1 ,2 5 3 ,0 6 3
1 ,3 5 4 ,3 8 1
Statistics of operations, earnings, &c., for several years M a ilse............................................................. 1 , 6 5 9 ,7 4 0
M is c l la n e o u s .........................................
6 9 5 ,5 0 7
7 3 7 ,5 0 0
have been compiled for the C h r o n i c l e as follows :
R e n t s ...........................................................
2 0 8 ,4 1 6
2 4 7 ,1 8 4
2 7 5 ,0 9 6
D e la w a r e & R a r i t a n C a n a l.............
OPERATIONS.
—
— .
. ,
1890.
1891.
1892.
N u m b e r p a s r e n t e r s c a m e l ...........
7 ,9 7 4 ,6 9 4
8 ,5 0 4 ,2 0 2
9 ,0 0 6 3 ° 6
N u m b e r PAS! e n t e r s c a r . 1 m .l e . .1 0 1 , 4 9 3 , 2 3 5 1 0 2 ,0 3 3 ,2 1 5 1 0 3 ,9 3 9 0 7 7
E a r n in g s p e r p a s s e n g e r p e r m il >.
1 -9 6 0 c t s .
2 -0 9 1 c t s .
2 -0 3 1 c t s
N u m b e r o f t e n s o f f r e i g h t c a r r le L
3 ,2 1 9 ,0 9 3
3 ,2 7 9 .9 8 0
3 , 3 2 » 339
N u m b e r o f t o n s o f f r e i g h t c a r . 1 m .3 1 5 , 6 1 8 .9 7 5 3 1 7 ,8 9 7 ,5 1 1 3 1 3 1 6 4 ’ 7 « 1
E a r n in g s p : r t i n p e r m il 3 ...............
1 -1 3 7 c ts .
1 -1 4 7 c t s .
1 -1 6 0 ’ cte
FARNINGS AND EXPENSES.
1891.
$
E a r n in g s f r o m —
P a s s e n g e r s ...................................................
F r e i g h t ..............................................
M a i l, e x p r e s s , & c ......................................
1892.
$
2 ,1 6 9 ,1 5 4
4 7 0 ,3 7 9
3 2 5 ,5 7 9
1 ,4 9 0 ,0 7 9
T o t a l e x p e n s e s ..........................
N e t e a r n i n g s .................................
..1 ,9 1 5 , 6 3 4
P e r c e n t o f o p e r a t i n g e x p e n s e s t> e a r n i n g s ___ .
6 9 -2 5
4 ,4 1 2 ,1 4 7
1 ,8 0 3 ,3 4 7
7 0 -9 2
INCOME ACCOUNT.
1891.
$
N e t e a r n i n g s ...........................
O t h e r i n c o m e ........................
T o t a l .......................................
D e d u c t—
R e n t a l s .......................
I n t e r e s t ............
T a x e s ...................
I n s i u ’ a n c e ...................
T o t a l ...............................
V
4 0 0 ,1 7 4
3 5 9 ,3 0 7
6 7 ,4 2 6 ,8 4 0
6 8 ,8 4 1 ,8 4 4
1 9 ,5 4 4 ,3 7 2
1 2 , 0 2 3 ,5 1 8
5 ,4 3 0 ,4 7 5
7 ,6 7 8 ,3 5 6
9 0 7 ,4 9 9
3 6 3 ,2 2 5
2 0 , 2 0 2 ,8 6 2
1 3 ,1 0 5 ,0 3 4
6 , 0 1 3 ,7 5 4
8 ,1 8 6 ,9 5 4
9 5 2 ,4 2 0
3 5 8 ,3 3 7
T o t a l e x p e n s e s ............................... 4 4 , 9 8 0 , 5 5 5
N e t e a r n i n g s ........................................... 2 1 ,2 2 1 ,7 0 5
P e t ce n t o f o p e r . e x p . to e a r n s ...
6 7 -9 4
4 5 , 9 4 7 ,4 4 5
2 1 ,4 7 9 .3 9 5
6 8 '1 4
4 3 ,8 1 9 ,3 6 1
2 0 , 0 2 2 ,4 8 3
7092
G E N E R A L INCOM E A CC O U N T.
T o t a l .........................................................
E xp en ses—
M a i n t e n a n c e o f w a y ........................
M a i n t e n a n c e o f c a r s .......................
M o t i v e p o w e r .........................
T r a n s p o r t a t i o n ..............................
G e n e r a l, & c .......................
B a l a n c e ........................sur, 81,828
5 0 9 ,1 6 3
G r o s s e a r n i n g s ............................... 6 6 ,2 0 2 ,2 6 0
E xp en ses—
T r a n s p o r t a t i o n ....................................... 1 9 ,1 1 8 ,6 9 7
M o t iv e p o w e r ......................................... 1 1 , 7 0 0 ,2 6 2
M a in t e n a n c e o f e a r s ...........................
5 ,0 7 2 ,1 0 1
M a in t e n a n c e o f w a y ...........................
7 ,7 5 2 ,5 1 7
G e n e r a l .......................................................
9 2 1 ,6 2 0
D e la w a r e & R a r i t a n C a n a l .............
4 1 5 ,3 2 8
,
1892.
$
-L,{5 X(5f i OX
** ( , / UI7
..1 ,8 4 1 , 0 6 0
d e l 60,431 •
1 ,8 7 4 ,1 3 2
1890.
R e c e ip ts —
$
N e t e a r n in g s , a s a b o v e ..................... 2 1 ,2 2 1 ,7 0 5
In t. o n P en n. R R . in v e s t m e n ts ..
4 ,4 3 9 , 4 0 4
I u t . o n TJ.N. J . R R .& C. s e c u r it i e s .
2 4 1 ,5 0 1
R e n t s o f U .N .J .R R .& C .p r o p e r t i e s
2 3 7 ,6 5 3
I n t e r e s t o n e q u i p m e n t .....................
4 2 9 ,5 7 8
I n t e r e s t , g e n e r a l a c c o u n t .................
2 9 3 ,9 1 7
M is c e l la n e o u s ........................................
2 0 2 ,8 3 2
1891.
$
2 1 ,4 7 9 ,3 9 5
4 ,8 5 2 ,1 8 1
2 1 2 , SOL
2 8 1 ,6 1 6
3 9 5 ,3 9 1
1 9 1 ,7 3 2
8 3 ,1 7 7
1892.
$
2 0 ,0 2 2 ,4 8 3
4 , 9 2 1 ,8 2 8
2 2 5 ,8 3 7
2 9 1 .9 2 5
3 7 7 ,4 8 3
1 8 1 ,9 2 9
4 3 ,9 6 9
2 7 ,0 6 6 ,5 9 3
D ed u ct—
R e n t a l s . ..................................................... 1 0 , 4 2 1 ,0 1 6
I n t e r e s t o n f u n d e d d e b t ..................
4 , 0 1 0 ,4 4 9
In t. o n m o r ts a n d g r o u n d r e n ts .
1 1 2 ,9 4 4
I n t e r e s t o n c a r t r u s t s .......................
4 8 9 ,8 6 3
S ta te ta x e s a n d m is c e lla n e o u s .. .
6 0 6 ,6 4 9
2 7 ,1 9 9 ,2 9 3
2 6 ,0 6 5 ,4 7 4
1 0 ,4 8 2 ,1 3 3
3 ,9 6 7 ,8 L5
1 1 0 ,7 0 4
5 2 1 ,H O
4 4 5 ,6 7 0
1 0 ,2 2 8 ,2 7 2
3 , 9 6 4 ,0 5 5
1 1 4 ,0 1 4
4 7 5 ,4 1 3
7 7 7 ,8 1 0
1 5 , 6 4 0 ,9 5 1
B a l a n c e .............................................. 1 1 , 4 2 5 ,6 4 2
T h e a b o v e b a la n c e w a s m a d e u p
a s fo llo w s :
N e t i n c o m e P e n n . R R . D i v i s i o n .. 1 1 , 0 3 0 ,4 0 1
N e t l o s s o r g a in o n U n . N . J . D iv .
+ 3 9 6 ,8 8 5
L o s s o r g a i n o n P h il. & E r ie D iv ..
— 1 ,6 4 4
1 5 , 5 2 7 ,4 5 2
1 1 ,9 7 1 .8 4 1
1 5 , 5 5 9 ,5 6 4
1 2 ,2 5 7 ,4 3 2
— 2 7 6 ,4 5 6
— 9 ,1 3 5
1 0 , 7 9 4 ,2 6 0
— 2 9 9 ,1 9 9
+ 1 0 ,8 4 9
1 1 ,9 7 1 ,8 4 1
1 0 ,5 0 5 ,9 1 0
B alance, as above.
1 1 ,4 2 5 ,6 4 2
1 0 ,5 0 5 ,9 1 0
IH E CHROJNlOJLE.
March 11, 1893 ]
Brouqlitf orwetrd..................................................
From this balance deduct—
P a y m e r its t o t r u s t f u n d s ..............
C o n s o l, m o r t . s in k ’ g f u n d a c u ’ n t .
A l l e g h e n y V a l. R R . — D e f i c i e n c y . .
E x tr a o r d in a r y
expenses
not
p r o p e r l y c h a r g e a b l e t o c a p it a l.
1890.
$
i t 4 2 7,642
,
9 3 ,4 9 3
3 2 4 ,8 0 0
1 1 9 ,0 0 5
1892.
$
1891.
$
1 1 ,971,841
*0,505,910
9 8 ,6 2 2
3 2 4 ,7 8 0
2 7 4 ,0 6 2
8 9 ,1 8 0
3 2 4 ,7 8 0
B a la n c e t o c r e d it o f i n c o m e a f t e r
d e d u c t i n g a ll p a y m e n t s ..............
D iv i d e n d s ..................................................
R a t e o f d i v i d e n d ............... .................
B a la n c e t o c r e d i t o f p r o f it a n d
l o s s a c c o u n t, f o r y e a r . . ..............
B a la n c e in s e t t le m e n t o f c la im s
a n d o l d a c c o u n t s , & c ., i n c l u d
i n g P e n n . C o m p a n y d i v i d e n d . ..
B a l a n c e ..............................................
E x p . a c c ’ t o f f lo o d s J u u e , *89,
d e b i t e d t o n r o f lt a n d l o s s , & e ..
1 , 6 3 2 ,0 2 4
1 , 5 1 0 ,7 5 8
1,2*13,137
2 ,1 6 9 ,3 2 7
2 , 2 0 8 ,2 2 2
1 ,6 7 7 ,0 9 7
9 ,2 5 6 ,3 1 5
C ,2 4 1 ,8 7 3
(50s)
9 ," 6 3 .6 1 9
7 ,4 9 5 ,5 9 8
(6 )
8 ,8 2 3 .8 1 3
7 , 6 0 6 .4 5 6
(6)
3 ,0 1 4 ,4 4 2
2 , 2 6 3 ,0 2 1
1 , 2 2 2 ,3 5 7
+ 4 9 ,0 1 9
-f 9 0 J .6 6 9
3 ,0 1 4 ,4 4 2
2 ,3 1 7 ,0 1 0
2 , 1 2 7 ,0 2 6
1 ,0 6 4 ,7 0 1
A d d p r o f i t a n d l o s s J a n . 1 ..............
1 ,9 4 9 ,7 3 8
2 0 ,0 6 8 ,0 5 6
2 ,3 1 7 ,0 4 0
2 2 , 0 1 7 ,7 9 3
2 ,1 2 7 ,0 2 6
2 4 ,3 3 4 ,8 3 1
B a l. p r o f i t a n d l o s s D e c . 3 1 . .
2 2 , 0 1 7 ,7 9 4
2 4 ,3 3 4 ,8 3 3
2 6 , 4 6 1 ,8 6 0
G E N E R A L BALANCE D E C E M B E R 3 1 .
Assets.
1890.
1891.
1892.
C o n s t r u c t * !], e q u i p ’t , & c . , T a i l r o a d s ___ $ ________ ______ _______________ $ _
b e t w e e n P h ifa . a n d P i t t s b u r g . . 1 0 1 ,3 ! 6 ,2 7 5 1 0 9 ,5 0 0 ,4 2 5 1 1 5 ,3 2 6 ,4 1 5
C o s t o f b o n d s o f r a i l r o a d s ............... 3 7 , 6 1 5 ,8 7 8 3 8 , 0 4 9 , 1 4 4 3 0 , 7 9 4 6 0 6
C o s t o f s t o c k s o f r a i lr o a d s .............. 6 6 ,9 8 2 ,7 4 6 6 8 , 0 2 1 ,7 3 5 7 1 , 2 3 9 ,7 3 3
C o s t o f b o n d s a o d s t o c k s a n d in 8 ,5 8 5 ,1 0 9
8 , 5 2 8 ,9 0 2 1 2 , 6 1 4 ,3 6 5
v e s t m ’ t s n o t ot h e r w is e e n u m ’ t ’ d
M a n a g ers o f T ru st crea ted b y
4 .0 6 5 ,6 9 5
4 ,1 5 9 ,1 9 3
4 ,2 5 7 ,9 1 5
P e n n . H P . C o . O c t . 9 , 1 8 7 8 .........
P e n n . R R . c o n s o l , m o r t ., l e s s r e
1 ,9 4 3 ,9 2 0
2 , 2 6 8 ,7 0 0
2 ,5 9 3 ,4 8 0
d e e m e d a n d c a n c e l e d — ......... ..
1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
I n s u r a n c e f u n d ............ .......................
5 0 ,2 5 0
3 1 ,4 5 0
4 1 ,4 5 9
M o rtg a g e s au d g r o u n d r e n t a ls ...
5 6 5 ,1 6 3
F r e i g h t b a l a n c e s d u e .........................
S e c u r it ie s o f U n it e d .N. J . C o m p .
3 , 7 3 3 ,4 4 5
t r a n s f e r r e d w it h l e ^ s c ...................... 3 ,7 3 3 ,4 4 5
3,'
3 ,3 4 6 ,7 6 0
E q u ip m e n t o f U n it e d N . J . C o s,
9 3 1 .9 2 2
8 5 3 .6 2 6
7 8 6 ,9 8 6
t r a n s f e r r e d w it h l e a s e ...................
4 , 3 1 4 ,0 5 0
4 ,2 8 9 .5 8 7
M a t e r ia ls o n h a u c l.................................. 4 , 5 6 3 ,1 7 3
4,
2 ,2 3 7 ,7 8 0
2 , 3 5 0 ,7 0 0
U n .R R . o f N .J .s i n k .f u n d & r e d e m p
2 ,4 6 3 ,6 2 0
A d v a n c e s to o th e r c o m p a n ie s fo r
c o n s t r u c t i o n & o t h e r p u r p o s e s . 1 5 ,6 9 7 ,3 0 2 1 3 , 5 8 7 ,3 2 1 1 1 , 2 8 9 ,0 1 7
15.
1 ,1 2 3 ,8 0 9
1 ,2 2 0 ,3 3 1
1 ,0 1 0 .9 0 5
C a sh to p a y c o u p o n s ..
2 .7 5 9 ,1 5 2
2 ,9 8 9 ,2 9 5
3 ,1 0 5 ,2 6 7
C a sh in b a u d s o f a g e n ts
6 ,2 1 2 ,7 2 9
7 ,1 0 9 ,5 5 2
4 ,2 1 7 ,7 5 8
C a s h i n h a n d s o f T r e a s u r e r ............
2 5 8 ,4 5 4 ,3 4 8 2 6 6 ,7 2 7 ,8 7 1 2 6 7 ,3 8 7 ,7 6 5
T o ta l.
L ia b ilitie s .
1690.
1891.
1892.
1 2 3 ,0 8 2 ,0 5 0 1 2 6 ,7 7 1 ,2 0 0 1 2 6 ,7 7 4 .5 0 0
C a p it a l s t o c k ...............................
F u n d e d d e b t ............................................. 6 0 , 3 0 7 .6 4 0 6 6 , 1 6 6 ,8 4 0 6 6 , 1 2 3 ,8 1 0
3 ,0 8 4 ,2 8 6
3 , 0 1 4 ,2 8 6
3 ,4 8 4 ,8 6 6
M o r t g a g e s a n d g r o u n d r e n t s ..........
P e n n . C o, f o r in s u r a n c e o n l iv e s ,
7 ,9 1 5 ,0 0 0
7 ,9 0 9 ,0 0 0
7 ,9 0 9 ,0 0 0
& c ., “ T r u s t c e r t i f ic a t e s .” . ........
1 ,1 8 2 5 5 0
1 ,1 8 2 ,5 5 0
1 ,1 8 2 ,5 5 0
H a r . P t. M t . J .& L a n . s t o c k , g u a r .
“
“
4 p . c . b o n d s , g u a r ..
7 0 0 ,0 0 0
7 0 0 .0 0 0
7 0 0 ,0 0 0
1 ,4 3 6 ,3 1 5
1 ,0 1 8 ,7 9 6
8 1 2 ,3 9 6
T r a f f ic b a l a n c e s d u e o t h e r r o a d . .
8 0 ,5 0 0
1 6 1 .0 0 0
2 4 1 ,5 0 0
P a y m e n t s l o r le a s e d e q u i p m e n t .
6 , 8 4 9 ,6 1 0
6 ,7 0 7 ,2 0 9
7 , 3 8 2 ,4 2 5
P a y -r o l ls a n d v o u c h e r s .....................
2 0 6 ,4 8 6
7 4 ,0 5 1
1 8 4 ,9 5 7
D iv i d e u d s a n d i n t e r e s t u n p a i d . . .
1 2 ,6 5 1 ,0 7 8 1 5 , 1 2 7 ,7 9 8 1 3 ,5 7 4 ,2 1 3
S u n d r y a c c ’ ts d u e o t h e r r o a d s —
S e c u r i t ie s o f U n it e d N . J . C o ’ s
3 , 7 3 3 ,4 4 5
3 ,7 3 3 ,4 4 5
3 ,3 4 6 ,7 6 0
t r a n s f e r r e d w it h t h e l e a s e ........
E q u ip m e n t o f U n it e d N. J . C o ’ s
9 3 1 ,9 2 1
7 3 6 ,8 8 6
8 5 3 ,6 2 6
t r a n s f e r r e d w it h t h e l e a s e .........
F u n d f o r p u r c h a s e o f s e c u r it i e s
4 ,2 5 7 ,8 1 5
4 ,3 4 6 ,9 9 5
4 ,1 5 9 ,1 9 3
> g u a r , (t r u s t o f O c t . 9 , 1 8 7 8 ) . . . ,
■
3 6 3 ,2 2 1
4 2 1 ,4 3 3
T r u s t e e s o f c o n s o l , m o r t .................
4 , 0 4 0 ,6 3 0
4 ,3 6 5 ,4 6 0
3 ,7 1 A 9 0 0
C o n s o l, m o r t . b o n d s s iu k ’ g f u n d . .
B a la n c e t o p r o f it a n d l o s s ............... 2 2 , 0 1 7 ,7 9 4 2 4 ,3 3 4 ,8 3 4 2 6 , 4 6 1 ,8 6 1
T o t a l .....................................................2 5 8 ,4 5 4 ,3 4 7 2 6 6 ,7 2 7 ,8 7 1 2 6 7 ,3 6 7 ,7 6 5
G E N E R A L
I N V E S T M
E N T
N E W
S .
American Sugar.—At a meeting of the board of directors
of the American Sugar Refining Company the following reso
lutions were adopted :
W n E E E is , T h e e a r n in g s o f t h e c o m p a n y d u r i n g t h e p a s t q u a r t e r w a r
r a n t au in c re a s e o f d iv id e n d o n ih a c o m m o n s to c k , a n d
W h e r e a s , S in c e t h e a n n u a l r e p o r t o f t h e T r e a s u r e r t o s t o c k h o l d e r s
o n D e c e m b e r 1, 1 8 9 2 , r e t u r n s r e c e i v e d f r o m t h e c o r p o r a t io n s w h o s e
s t o c k is h e l d b y t h i s c o m p a n y ( f o r t h e y e a r e n d i n g M a r c h 3 1 , 1 8 9 3 ) ,
r e n d e r u n n e c e s s a r y f o r w o r k i n g c a p i t a l t h e f u r t h e r r e t e n t io n o f th e
s u r p lu s e a r n in g s o t 1 8 9 1 a n d 1 8 9 2 , a s s h o w n b y t h e a n n u a l r e p o r t .
Resolved, T h at, t h e r e b e p a i d a q u a r t e r l y d i v i d e n d o f 3 p e r c e n t o n
t h e c o m m o n s t o c k a n d in a d d it i o n t h e r e lie p a i d a n e x t r a d i v i d e n d o f
1 0 p e r c e n t o n tile c o m m o n s t o c k f r o m t h e s u r p lu s e a r n i n g s o f 1 8 9 1
a n u 1 8 9 2 , a n d th a t a d i v i d e n d o f 1 3 p e r c e n t b e p a i d o n t h a t p o r t io n
4
o f th e p r e fe r * e d s t o c k o f t h e c o m p a n y w h ic h is e n t i t l e d t o q u a r t e r l y
d i v i d e n d s , a ll t h e a b o v e d i v i d e n d s b e i n g p a y a b le o n A p r il 3 t o s t o c k
h o l d e r s o f r e c o r d M a r c h 1 3 , w h e n t h e t r a n s f e r b o o k s w i l l b e c lo s e d , to
r e o p e n o n A p r il 4 .
Concerning the above action of the board the Treasurer said :
The law of New Jersey is explicit, providing that beyond
what is set apart by the directors as necessary to the business
of the company for working capital the earnings shall be de
clared in dividends to the stockholders. The fiscal year of the
outside companies whose business was not included in the
annual report closed with March 1, and the showing of earn
ings for the year made it the duty of the directors to pay to
the stockholders the surplus earnings of 1891 and 1892 hereto
fore reserved for working capital. The net surplus of this
company and the collateral corporations, after paying the
dividends on April 3, will exceed $5,000,000.
Atchison Topeka & Santa Fe.—Vice-President Joseph W.
Reinhart, of the Atchison Topeka & Santa Fe, has been
elected to succeed President Manvel, deceased. Daniel B.
Rdbinson, foimerly General Manager of the Atlantic &
Pacific, was chosen First Vicc-Piesident. Mr. Reinhait, who
i I3
will direct the general policy of the company, will make his
headquarters in Boston. Mr. Reinhart is in the prime of life,
being only 41 years old, and has been a practical railroad man
since boyhood, and has of late years distinguished himself in,
the financial managed ent of the Atchison Company, includ
ing the famous reorganization plan of 1889.
Mr. Robinson will have direction of the operating an l traffic
departments of the company and will have his headquarters
in Cliicaeo. He is well known throughout the West, having
taken a prominent part in the construction of the Sonora
Railway ia Mexico, now owned by the Atshison, and after
ward became General Manager of the Mexican Central, assist
ing in the construction of than system. For several years he
was General Manager of the Atlantic & Pacific Railway, now
a part of the Atchison, and in 1891 was made President of the
San Antonio & Aransas Pass Railroad.
Charleston Cincinnati & Chicago.—A decree ordering the
sale of the Charleston Cincinnati & Chicago Railroad has
been filed in the United States courts at Charleston, S. C.,
ordering the sale on May 2, the minimum price being fixed at
8550,000. The property will be sold subject to the rights,
title and interest of the Finance Company of Pennsylvania and
the sale is made in pursuance of the plans for the reorganiza
tion of the company. This sale is the South Carolina portion
of the line ; the Tennessee portion was sold last year.
Cleveland Akron & Columbus.—The Amsterdam corpora
tion which is so largely interested in the affairs of the Cleve
land Akron & Columbus Railway Company has made appli
cation to Che court for the appointment of inspectors or
solicitors of election. The application is made under section
3245 of the Revised Statutes o f Ohio, Under this law the in
spectors preside at the election and allow only such persons as
hold registered stock to vote for officers. The company’s an
nual meeting of the stockholders occurs in Cleveland, March
16. The Holland syndicate claims to own more than onefourth interest in the road.
Grand Rapids & Indiana.—In the advertising columns of
the C h r o n i c l e to-day w ill be found at length the circular o f
this company addressed to the holders o f 5 per cent bonds
secured by mortgage of September 1, 1884.
By the plan submitted for their consideration and approval
it is proposed that the interest upon the 5 per cent bonis from
the 1st of March, 1892, to 1st of M irch, 1930, shall be funded,
and that scrip shall be issued representing the amoirnt of such
interest, upon which 4 per cent interest shall be paid semi
annually until its cancellation by the full payment thereof.
Illinois & Iowa.—The stockholders of this railroad com
pany have ratified the proposition to issue $500,000 new 50year bonds. The proceeds will be used to build a branch
from Kankakee to South Bi nd, Iod.
Lehigh 'Valley.—Th“ directors of the Lehigh Valley R, R.
Co. will meet next Tuesday, and will probably declare a
quarterly dividend of 1J4 p*r cent. The Reading receivers
have decided to guarantee dividends at theh ate of 5 per cent
on the Lehigh Valley, and the directors of the latter company
will accept this reduction in rental for the present, not waiv
ing any future rights under the lease. It is said that some of
the Lehigh Valley stockhol lers may object to the reduction
from 7 to 5 per cent, but the majority will approve of it, as
they believe it to be for the best ultimate interests of the com
pany that the lease should be preserved.
L itlle Rock & M em phis.-The coupons due March 1 were
not paid, and a circular has been issued to bondholders in
which it is stated that it is proposed to fund four ciupocs, be
ginning wiih that of March 1, 1893.
Louisville Evansville & St. Louis.—The stockholders at
the special meeting held at Belleville, 111., on the 2d inst.,
adopted the propositions ouilined in the circular addressed to
the stockholders, and which was published in the C h r o n i c l e ,
Feb. 18. In accordance with the action taken notice is given
that the transfer books will close on March 14 and leopen on
March 21, for the purpose of making exchange of the new geneial mortgage bonds for preferred stock and paying stock divi
dend of 7 per cent out of the treasury stock, as declared by tba
directors. The stock dividend is payable at the Continental
National Bank on aud after March 20. The exchange of pre
ferred stock into the general mortgage bonds will be m ide at
the office of the New York Security & Trust Company on
and after March 20.
Louisville New* Albany < Chicago.—This company has
fc
issued to its stockholders a circular stating that it ia now
ready to fulfill the pledge made to them in November, 1891.
The existing capital stock of the company is $12,030,000 of
common stock. The directors propose to retire these certifi
cates and issue in place of them $3,000,000 preferred stock and
$9,000,000 common stock, giving to every holder of 100 shares
of the present stock 25 shares of new preferred stock and 75
shares of new common stock, and in the sim i proportion to
smaller holders. It is proposed that the new preferred stock
draw dividends from July’ 1 next, payable quarterly, at the
rate of 4 per cent per annum.
The earnings tor the six months ending December 31,
1892, show an increase of $232,991 gross and $98,959 net
over the corresponding period ot‘ the previous year, result
ing in a surplus of $147,871 over all fixed chirges for the
half-year, whereas $120,000 would suffice to pay a dividend of
4 per cent on the preferred stock for the entire year. It is
ttue that the earnings for the six months ending with Decem
ber are larger than for the other six months of the fiscal year
41*
THE CHRONICLE,
but assuming a continuance of the monthly increase to the
average extent only of $25,000 per month, the close of the fiscal
year should see the company with a revenue very much in
creased over any time in its history. The result would then
be as follows:
A s c e r t a i n e d g r o s s e a r n in g s f o r s i x m o n t h s t o
D e c e m b e r 3 1 , 1 8 9 2 .....................................................
G r o s s e a r n in g s f o r r e m a in in g s i x m o n t h s t o
J u n e 3 0 , 1 8 9 3 , s a m e as la s t y e a r .......................
A d d e s t im a t e d i n c r e a s e f o r s i x m o n t h s ...........
D iv i d e n d s o n i n v e s t m e n t s .......
T o t a l r e c e ip t s f o r y e a r e n d i n g J u n e 3 0 ,1 8 9 3 .
„
$ 1 ,8 0 1 ,6 5 8
$ 1 ,4 9 8 ,4 3 6
1 5 0 ,0 0 0
-------------------7 4 ,4 0 0
1 ,6 4 8 ,4 3 6
$ 3 , 5 2 4 ,4 9 4
To provide for future capitalrequirements it is proposed
that in authorizing the creation of preference stock for the
purpose of division among existing shareholders they shall at
the same time authorize the creation of a further amount for
the benefit of the treasury from time to time as needed, and
therefore shall authorize an ultimate creation of $4,000,000
additional preferred stock, which shall be subject to issue
from time to time by vote of the directors, and to be offered
to the shareholders pro rata. It should be said that no con
siderable proportion of this stock will have probably to be issued
at any one occasion. Meeting to vote on these propositions is
called at Indianapolis April 12, 1893.
At Indianapolis, March 8, William J. Craig filed a petition
in the Superior Court for a receiver for the Monon Road,
making Samuel Thomas, Calvin S. Brice and others defend
ants. This plaintiff does not appear as a stockholder on the
books of the company, and his complaint seems to be a gen
eral objection to the present management and to the proposed
plan of issuing new stock. No ground for a receiver is shown.
[Y
ol
L V I,
hension. It is argued that if the company runs so much be *
hind the previous year with coal decidedly higher and with the
help in 1893 of wintry weather of unusual severity, there must
be some serious defect in management to account for it.
Action by the bondholders looking towards reorganization
or resuscitation of the Reading property is not likely to be de
layed much longer, and it would seem natural for them to
secure the services of some of our eminent bankers who have
already distinguished themselves in the way of bringing order
and new life out of the chaos pertaining to insolvent rdilroad
properties.
Barring the question of floating debt, which is yet an un
known quantity, there seems to be no reason for holders of
Reading securities to be despondent. According to the best
information obtainable the lease of the Lehigh Yalley road
with its route to Buffalo will prove a valuable acquisition,
the Philadelphia Reading & New England route over the
Poughkeepsie Bridge is already reported to be an established
success, and the new terminal station in Philadelphia is just
ready for business. The price of coal is aho better than
in former years. On the other hand, the contract with the
Finance Company for selling coal looks like a very extrava
gant and altogether undesirable arrangement, and it would be
interesting to know how far the recent loss of net earnings
has been a result of that agreement. The London Railway
Times referred to the “ proposal to make over the coal business
of the company to a separate undertaking—a syndicate thinly
veiled beneath the mysterious title of the Finance Company of
Pennsylvania ”—as a part of the company’s open confession of
weakness. The following Philadelphia special ap ears in
Kiernan’s : “ The directors of the Finance Company of Penn
sylvania, the commercial agent of the Reading Coal & Iron
Co., will next week declare the first quarterly dividend of
per cent on the preferred stock. The company is making
large profits through handling the Reading’s coal business.”
It is too well known to need repeating here, that the
competition in the anthracite coal business is very sharp r
that the other railroads tapping the anthracite region
are prosperous companies under the ablest manage
ment, and that to carry on with success the enormous
business in its various ramifications of such a corporation,
as the Philadelphia & Reading requires all the executive
ability and all the unremitting attention that any one man can
give to it, fortified as he may be by the ablest corps of as
sistants and the wisest board of directors.
Postal Telegraph.—The following officers have been
elected: A. B. Chandler, President; George S. Coe and W in.
H. Baker, vice-presidents; J. O. Stevens, Secretary; C. P.
Bruch, Assistant Secretary; E. C. Platt, Treasurer; Theo. L.
Cuyler, Jr., Assistant Treasurer.
Richmond Terminal.—Messrs. John H. Inman, JamesSwann and John C. Calhoun, who were at one time directors
of both the Richmond Terminal and the Georgia Central
Railroad, have filed answers with Clerk John A. Shields o f
the United States Circuit Court, as defendants in the suit
brought by the Richmond Terminal in connection with the
alleged fraudulent purchase of the Georgia Central.
The defendants deny any fraud in the purchase. The Geor
gia Company, it is claimed, was properly organized under
the laws of North Carolina, and the defendants had the right
to sanction by their votes as directors the purchase of tho
stock.
The pending suit, it is claimed, has been brought by stock
holders who have either become members of the company
since the transaction, and were fully aware of the facts bear
ing upon it, or were always stockholders, and by their votes
ratified the action of the directors in the purchase of the
stock.
Western New York & Pennsylvania.—In regard to the
item in last week’s C h r o n i c l e we have the following expla
nation as to the coupon due April 1 on the second mortgage
bonds : By the terms of the mortgage scrip could be paid for
five years from its date, which was Dec. 1,1887. The interest
period for the coupons, however, were April and October. The
coupon due April 1, 1893, therefore, is payable in scrip, at
the rate of 5 per cent for two months (Oct. and N o v .,’92)^
$8 33, and in cash at the rate of 3 per cent for four months
(D e c.,’92, to April 1 ,’93), $10. As there was no practicable
way of dividing the coupon, and it was not deemed advisable
to pay any cash, the scrip payment remains unprovided for.
Western Union Telegraph.—The estimated net earnings
for the quarter ending Dec. 31, 1892, were $2,000,000 ; the
actual were $2,012,918, or $12,918 more than the estimate.
Estimated net earnings for the quarter ending March 31, 1893,
compare with the actual results in the same quarter of 1892 as
follows :
Merchants’ Bridge (St. Louis).—It is stated that a new
depot will be built at St. Louis by capitalists owning the
Merchants’ Bridge and the railway connected with it. The
structure will be at the junction of Broadway and Third
Street, and will cost between $500,000 and $600,000, in addi
tion to the cost of the real estate for yards, &c.
Minneapolis St. Paul & Sault Ste. Marie—Canadian
P acific.—A contract has been closed for the completion by
August 1 of the extension to connect these roads at the bound
ary line in North Dakota. When completed Canadian Pacific
through trains will make a detour southeastward to St. Paul,
taking the main line again at Sault Ste. Marie. In the winter
nearly all the freight and passenger traffic of the Canadian
Pacific will take this route.
National Linseed Oil.—A Chicago report says: “ President
Euston of the Linseed Oil Co. has issued a circular to the
trade of the plans of his new Lead Company in St. Louis. It
has a capital of $1,000,000, and the circular says that the plant
is the finest in the country.”
New York New Haven & H artford.—Boston & Maine.—
The conference between committees of these two railroad
companies has resulted in an agreement that will be sub
mitted to the directors for approval, and it is yet uncertain
whether anything definite will be settled.
New York Stock Exchange.—New Securities Listed.—
This item will be found on page 403.
Ohio & Mississippi—Baltimore & Ohio Southwestern.—
Agreeably with the consolidation agreement, the securities of
the Ohio & Mississippi and the Baltimore & Ohio Southwestern
are now being deposited at the offices of Messrs. Brown,
Shipley & Co., London, and during the comiDg week a call
to deposit will be issued to holders of the securities in this
country.
Oregon Pacific.—The sale of the Oregon Pacific Railroad,
which was to have occurred on the 7th inst., has been post
poned one week. The bondholders’ committee petitioned for
a further extension of three months to allow experts to com
plete examination of the books and the properties, heretofore
prevented by the action of the late receiver, and also to in
vestigate the territory east of the Cascade Mountains. The
Court is inclined to grant the petition if some satisfactory pro
vision can he made for the payment of at least $40,000 due to
employes. Mr. Everest W . Hadley, of Corvallis, has been
made receiver in place of Mr. T. E. Hogg.
Pennsylvania & Northwestern.—The stockholders have
voted to increase the capital stock to $2,500,000. Only onehalf of the authorized increase of $500,000 will be issued at
present, the remainder to be held in the treasury for future
use. The 5,000 shares will be offered at par to the stockhold
ers, each owner of 8 shares being permitted to subscribe to
one share of new stock. Subscriptions will be payable April
1, 30 per cent; May 15, 30 per cent; July 1, 30 per cent; the re
maining 10 per cent to be taken from the surplus earnings of
the company, which is equivalent to a 10 per cent stock div
,--------- Q u a r te r e n d i n g M a r c h 3 1 .---------idend. The proceeds of the sale of stock will be expended
A c tu a l, 1 3 y 2 .
E s tim a te d , 1 8 9 3 .
for betterments and improvements.
N e t r e v e n u e .................................................. $ 1 ,5 4 9 ,6 3 8
$ 1 ,6 7 5 ,0 0 0 d ed u ct—
Philadelphia S Reading.—No statement has been made by I n t e r e s t o n b o n d s ............... $ 2 2 2 ,9 3 8
c
$ 2 2 3 ,3 3 5
the receivers, and the exact status of the company yet remains 8 i n k i n g f u n d ........................... 2 0 ,0 0 0
2 0 ,0 0 0
---------------2 4 2 ,9 3 8 ---------------$ 2 4 3 ,3 3 5
amystery. The conclusion seems to be forced upon the public
that the affairs of the Reading system proper have been sadly
N e t r e v e n u e ......................................... $ 1 , 3 0 6 ,7 0 0
$ 1 , 4 3 1 ,6 6 5
neglected while the managers were in pursuit of a will-’o-the- L e s s d i v i d e n d ........................ ( l ^ p . c .) 1 ,0 7 7 ,4 1 1 ( l ^ p . e.) 1 , 1 8 4 ,5 4 0
wisp in the form of an imaginary New England traffic of
ur
s
r
ua
$ 2 4 7 ,1 2 5
enormous dimensions. It was a disappointment when the re A d dS n o p lun aflo s u q p lurst e re......................... 1 2$,2 2 9 ,2 8 9
mi
r
D c . 3 1 .............
8 5 6 ,6 1 7
6 ,4 4 2 ,6 9 3
port for the late fiscal year ending Nov. 30th was issued and
showed less favorable results than had been anticipated, but
N o m in a l s u r p lu s M a i c h 3 1 ............... $ 1 3 ,0 8 5 ,9 0 6
$ 6 ,6 8 9 ,8 1 8
since then the reports of earnings for the two months, Decem
The usual quarterly dividend of 14J per cent has been de«
ber and January, have been so bad as to cause serious appre dared.
M arch
THE CHRVNICLE.
1 1 , 1 8 9 8 .]
g X z p o v t s
a t it l
d o c u m
415
e n t s .
F O R T Y - S I X T H A N N U A L R E P O R T OF T H E P E N N S Y L V A N I A R A I L R O A D C O M P A N Y .
O f f ic e
of
the
PENNSYLVANIA RAILROAD COMPANY,
P h i l a d e l p h i a , March 7th, 1898.
The Board of Directors submit herewith their report for the year 1892.
M A IN L IN E A N D B R A N C H E S , P H I L A D E L P H I A T O P IT T S B U R G .
E a r n i n g s ..................................... ..................................... ..........................................................................................- .......................................................... $ 4 2 ,3 5 1 1 ,5 4 0 1 7
E x p e n s e s ...................................................................................................................................................................................................................................... 2 8 , 5 5 3 ,7 1 2 9 9
N e t e a r n i n g s ..................................................................................................................................................................................................................... $ 1 3 ,8 0 0 ,8 2 7 13
A d d i n t e r e s t f r o m i n v e s t m e n t s (in c a s h ), a ls o f o r u s e o f e q u i p m e n t a n d f r o m o t h e r i t e m s .....................................................
5 ,5 2 5 ,2 0 9 9 7
T o t a l .......................................................................................................................................................................................................................................$ 1 9 ,3 2 6 ,0 3 7 1 5
D e d u c t r e n t a l s p a i d b r a n c h r o a d s , i n t e r e s t o n b o n d e d d o b t , S t a t e t a x o n d i v i d e n d s , a n d o t h e r i t e m s .............................
3 , 5 3 1 ,7 7 6 7 1
$ 1 0 ,7 9 4 ,2 6 0 4
N e t i n c o m e P e n n s y l v a n i a R a il r o a d D iv i s io n
P H IL A D E L P H IA TO N EW Y O R K A N D B R A N C H E S .
E a r n i n g s .......................................................................................................................................................................................................................................$ 1 9 ,0 0 1 ,6 5 7 7 8
E x p e n s e s ..................................................................................................................................................................................................................... - ............. 1 5 ,1 3 5 ,9 4 9 8 8
N e t e a r n i n g s f r o m o p e r a t i n g ................................................................................................................................................................................... $ 3 , L 6 5 ,7 0 7 9 0
A d d i n t e r e s t f r o m i n v e s t m e n t s a n d r e n t s ...............................................................................................................................................................
5 1 7 ,7 8 1 5 6
T o t a l ........................................................................................................................................................................ .............................................................. $ 4 ,3 8 3 .4 8 9 4 6
D e d u c t p a y m e n t s o n a o e o n n t o f d i v i d e n d s , i n t e r e s t , r e n t a ls , & e ..............................................................................................................
4 ,6 8 2 ,6 8 8 14
N e t l o s s u n d e r t h e le a s e o f U n it e d N e w J e r s e y R a il r o a d & C a n a l C o m p a n y ’ s p r o p e r t y ........................................................................................
2 9 9 ,1 9 8 6 8
$ 1 0 ,4 9 5 ,0 6 1 7 6
B a la n c e
P H IL A D E L P H IA & E R IE R A IL R O A D A N D B R A N C H E S.
E a r n i n g s ...................................................................................................................................................................................................................................... $ 7 , 4 8 0 , 6 4 6 81
E x p e n s e s ....................................................................................................................................... ............................................................................................
5 ,1 2 4 ,6 9 3 4 3
N e t e a r n i n g s ............................................................................................................................................................ —............................................................ $ 2 , 3 5 5 ,9 4 8 3 3
D e d u c t p a y m e n t s o n a c c o u n t o f r e n t a l s ...................................................................................................................................................................
2 ,3 4 5 ,0 9 9 3 5
1 0 ,8 4 9 0 3
P r o f it o n P h il a d e l p h i a & E r ie R R . D iv i s io n , i n c l u d i n g b r a n c h e s o p e r a t e d i u c o n n e c t i o n t h e r e w i t h
$ 1 0 ,5 0 5 ,9 1 0 7 9
B a la n c e
F r o m t h is b a l a n c e o f i n c o m e f o r th e y e a r ................................................................................................................................................................................................. $ 1 0 ,5 0 5 ,9 1 0 7 9
t h e f o l l o w i n g a m o u n t s h a v e b e e n d e d u c t e d , v iz .
a y m e n t t o f u n d f o r t h e p u r c h a s e o f s e c u r i t i e s g u a r a n t e e d b y t h e P e n n s y l v a n i a R a i l r o a d C o ...................
$ 8 9 ,1 7 9 9 3
P
P
e n n s y l v a n ia
R
a il r o a d
Co m
p a n y ’s
Co n s o l id a t e d M o r t g a g e B
on d s,
s i n k i n g f u n d a c c o u n t ..............................................
3 2 4 ,7 8 0 0 0
E x t r a o r d i n a r y B e p a ir s .
A m o u n t e x p e n d e d in s t r a ig h t e n in g a n d r e v i s i n g lin e s a n d g r a d e s , a n d f o r o t h e r p u r p o s e s h o t p r o p e r l y c h a r g e a
b l e t o c a p i t a l a c c o u n t ..................................................................................................................................................................................................
1 ,2 6 3 ,1 3 6 9 8
----------------------------
1 ,6 7 7 ,0 9 6 9 1
B a l a n c e ..........................................................
O u t o f w h ic h w a s p a i d a d i v i d e n d o f s i x p e r c e n t ..............................
$ 8 , 3 2 8 ,8 1 3 8 8
7 , 6 0 6 ,4 5 6 5 0
A m o u n t t r a n s f e r r e d t o c r e d it o f p r o f it a n d l o s s f o r t h e y e a r 1 8 9 2 ............................................................................................................................................
A d d a m o u n t r e c e i v e d in s e t t le m e n t o f s u n d r y a c c o u n t s , a n d p r o f it s o n s e c u r it ie s s o l d a n d t h e d i v i d e n d r e c e i v e d o n s t o c k o f
P e n n s y l v a n i a C o m p a n y ...............................................................................................................................................................................................................................
$ 1 ,2 2 2 ,3 5 7 3 8
A d d a m o u n t t o c r e d i t o f p r o f it a n d l o s s D e c e m b e r 3 1 s t , 1 8 9 1 ....................................................................................................................................................
9 0 4 ,6 6 9 0 4
$ 2 1 2 7 ,0 2 6 4 2
2 4 ,3 3 4 ’, 8 3 4 3 3
B a la n c e t o c r e d i t o f p r o f i t a n d l o s s D e c e m b e r 3 1 s t , 1 8 9 2 ................................................................................................................................................... $ 2 6 ,4 6 1 ,8 6 0 7 5
From the foregoing statements it will he seen that while there was a material increase in the gross revenues of the Com
pany, there was a greater increase in the expenses ; and the net revenue was further diminished by the fact that the tax levied
upon your capital stock by the Commonwealth of Pennsylvania was almost doubled in the past year. Notwithstanding this
reduction in the net revenues, the Compauy was able to continue the improvement of its lines, and, after paying a dividend of
six per cent, carry to the credit of profit and loss account the sum of §2,127,026 42.
The statements contained in the report show that while the percentage of operating expenses was increased, it was due,
not to the cost of moving the traffic but to the fact that the rates prevailing during the year 1892 were, owing to the severe
competition among the transportation lines of the country, materially lower than those in force in 1891. With proper com
pensation for the movement of the traffic the volume offered would have made the year 1892 one of great prosperity to the
entire railway system.
S IN K IN G F U N D S .
Under the provisions of the consolidated mortgage of the Company $324,780 were set apart on the first day of July last,
out of the net income, as a sinking fund for the redemption of the outstanding bonds secured by that mortgage. None of the
bonds could be purchased under the terms of the Trust, and the amount was placed to the credit of the trustees for investment
under the terms of the mortgage. There are $2,946,563 81 in cash and securities in the fund for the redemption of these bonds.
The trustees of the sinking fund for the redemption of the Trust certificates issued for the purchase of the shares of the
capital stock of the Philadelphia Wilmington & Baltimore Railroad Company were not able to purchase any of these securities
during the past year at par, the limit fixed in the Trust agreement. The total amount of these certificates purchased and can
celed to December 31st, 1892, is $2,091,000, leaving outstanding $7,909,000.
The trustees of the sinking fund for the redemption of the collateral trust loan were also unable to obtain any of these secu
rities during the year at the limit fixed in the agreement. The amount of this loan outstanding to December 31st, 1892, is
$9,900,000.
Under the provisions of the four per cent Equipment Trust Gold Loan, there was paid to the trustee during 1892 for the
sinking fund the sum of $138,475. The trustee was able to obtain but $43,000 of the bonds at the price fixed iu the lease, and
in accordance with the terms thereof the balance, $95,475, together with $638 75 remaining from last year, has been invested in
additional equipment.
There are now in the sinking fund, for the redemption of the obligations of the various companies forming the United
New Jersey Railroad & Canal Company, securities of the par value of $4,647,000, and a cash balance, uninvested by the
trustees, of $11,068 42, making an aggregate of $4,658,068 42.
FU N DED
DEBT.
The funded debt, including mortgages on real estate and ground-rents, is $77,517,726 38, an increase of $427,599 99 during
the year, explained as follows
I n c r e a s e in m o r t g a g e s anrl g r o u n d r e n t s ........................................................................................................................................................................................................... $ 4 7 0 ,5 9 9 9 9
L e s s a m o u n t o t e q u i p m e n t t r u s t g o l d b o n d s r e d e e m e d .............................................................................................................................................................................
4 3 ,0 0 0 0 0
N e t i n c r e a s e ..............................................................................................................................................................................................................................................................$ 4 2 7 ,5 9 9 9 9
C A P IT A L STOCK.
The amount of capital stock outstanding at the close of the year was $126,774,500, the increase being but $3,300, due
the conversion into capital stock of that amount of scrip issued on account of the dividend of May 29th, 1891.
THE CHRONICLE.
41B
[VOL. LYI.
S E C U R IT IE S .
During the ye ar there was an increase in the cost of securities of $48,922 47, making the entire cost of the securities of
other corporations now held by your Company §114.648,704 23. The direct revenue received therefrom was §4,921,828 53,
which is more llian four per cent upon their cost, and about a million of dollars in excess of the interest on your funded debt.
C A R T R U S T S (n o t in c lu d e d in a b o v e s ta te m e n t o l fu n d e d d e b t).
Further provision was made during the jear, under the Car Trust system, for the equipment o f your lines, by the issue
of $4,187,000 Cir Trust certificates, bearing four per cent interest. Under this system 4.500 boxcars and 2,000 hopper
gondolas were added to the equipment of the Main Line, 500 long gondolas furnished to the Philadelphia Wilmington &
Baltimore Railroad and 75 box cars to the Pennsylvania Company,
During the year the outstanding certificates of Series D of the Pennsylvania Car Trust have all been canceled. This
series covered 1,000 l o D g and 1,000 hopper gondolas in service on the Pennsylvania Railroad, representing a cost of §1,000,000
T lie 5 7 ,9 9 7 c a r s p l a c e d o n y o u r lin e s e a s t a n d w e s t o f P i t t s b u r g , i n c l u d i n g t h o s e s u b - le a s e d t o a f filia t e d lin e s t h r o u g h t h e s y s
te m o f C a r T r u s t s , r e p r e s e n t a c o s t o f ................................................................................................................................................................................................. $ 3 0 ,6 1 4 ,0 0 0 0 0
T o t a l a m o u n t o f c e r t i f ic a t e s r e d e e m e d t o D e c e m b e r 3 1 s t , 1 8 9 2 —
I n f u l l p a y m e n t f o r 2 2 ,7 8 1 c a r s ................................................................................................................................................................................... $ 1 2 ,3 3 7 ,0 0 0 CO
I n p a i t i a l p a y m e n t f o r 3 5 ,2 1 3 c a r s ....................................... .................................................................................................................................
8 ,0 5 0 ,0 0 0 0 0
--------------------------2 0 , 3 8 7 ,0 0 0 0 0
B a l a n c e o f c e r t i f ic a t e s o u t s t a n d i n g D e c e m b e r 3 1 , 1 8 9 2 .......................................................................................................................................................$ 1 0 ,2 5 7 ,0 0 0 OO
There has been expended for construction, equipment and real estate as follows—
P e n n s y l v a n i a R a il r o a d a n d b r a n c h e s ........ .................... - .........................................................................................................................................................................
U n it e d R a il r o a d s o f N e w J e r s e y ............................................................................................................................................................................................. .....................
P h il a d e l p h i a <fc T r e n t o n R a i l r o a d ...................................................................................................................................................................................................................
“ A n d l o r im p r o v e m e n t s a n d e x t e n s i o n s o n b l a n c h a n d a u x i l ia r y l i r e s o p e r a t e d b y t h e C o m p a n y ......................................................................
T o t a l ..................................................................................... ..............................................................................................................................................................................
O n a c c o u n t o f t h e s e a d v a n c e s t h e r e h a s b e e n r e c e i v e d f r o m t h o s e c o m p a n i e s , In c i s h ..............................................................................................
T o t a l a m o u n t e x p e n d e d o n c a p i t a l a c c o u n t in 1 8 9 2
$ 5 ,5 6 3 ,2 8 9
1 5 1 ,3 0 7
1 5 ,2 8 0
1 ,2 3 9 ,6 0 3
52
01
17
94
$ 9 ,9 6 9 ,4 8 0 6 4
1 ,5 2 1 ,7 9 0 7 9
$ 8 , 4 4 7 ,6 8 9 8 5
* O n a c c o u n t o f t h e s e a d v a n c e s t o b r a n c h a n d a u x i l i a r y lin e s t h e r e h a v e b e e n r e c e i v e d in s e c u r it i e s o f t h o s e c o m p a n i e s $ 2 , 0 5 4 ,5 2 7 8 0 .
There were used in construction and repairs, on the Main Line, 33,817 tons of steel rails, and 1,168,423 ties ; on the United
Railroads of New Jersey Division, 7,705 tons of steel, and 362,926 ties ; on the Philadelphia & Erie Railroad Division, 5,648
tons cf steel, and 304,019 ties,—making a total of 47,170 tons of steel, and 1,735,367 ties.
There were built at Allotna, and your other ehops east of Pittsburg & Erie, for the Main Line and other roads in your
interest, on capital and repair account, 220 locomotives, 134 passenger cars, 58 baggage, express and mail cars, 3,569 freight
cars and 293 cabin and maintenance of way cars.
The p< rcentage of operating expenses to earnings on all lines east of Pittsburg & Erie was 70 92 for 1892 and 68T4 for
1891. showing an increase for the year 1892 of 2-78.per cent.
The aggregate coal and coke shipments over the Pennsylvania Railroad Division amounted to 23,767,921 tons, as against
21,931,366 tons in 1891, an increase of 1.836,555 tons, or 8‘37 per cent. The coal shipments increased 969,665 tons, or 5-84 per
cent, and the coke shipments increased 866,890 tons, or 18 29 per cent.
The coal and coke tonnage of the Pennsylvania Railroad Division was 56-76 per cent of its total tonnage.
The total shipments of oil over the Pennsylvania Railroad Division during the year 1892 amounted to 2,082,432 barrels,
against 3,182,801 barrels in 1891, showing a decrease of 1,100,369 barrels.
The lesult of the operations of your four coal companies shows an increase in gross earnings of $819,804 57, a decrease in
expenses of $232,929 61, and an increase in net earnings of $1,052,734 18.
Total tons mined in 1892, 2,572,416T5. Decrease compared with previous year, 25,513'Oa tons.
The average leceipts per ton at point of sale, aggregating the results of the four coal companies for 1892, were $3 17, as
against $3 02 in 1891.
LINES WEST OF PITTSBURG.
The following statement give3 the result of the lines west of^ Pittsburg operated by the Pennsylvania Company and the
Pittsburg Cincinnati Chicago & St. L mis Railway Company.
1892.
1892.
$ 2 2 ,5 0 6 ,6 5 6 0 8
1 4 ,4 5 4 ,3 0 2 5 5
L e a v i n g n e t ea rn in ers ........................................................................................................................................................................................................
F ro m th is d e d u c t :
R e n t a l, i n t e r e s t a n d l ia b il i t i e s o f a l l k i n d s c h a r g e a b l e t h e r e t o ................................................................................................................
$ 8 , 0 5 2 ,3 5 3 5 3
6 , 8 2 2 ,3 7 9 6 9
$ 1 , 2 2 9 ,9 7 3 8 4
T h e t o t a l e a r n in g s o f th e P
it t s b u r g
C in c in n
ati
C h ic a g o & S t . L
o u is
R
a il w a y
Com
pany
o n l in e s o p e r a t e d
$ 1 8 ,9 2 3 ,9 4 4 4 4
1 4 ,2 0 5 ,4 1 5 9 5
L e a v i n g n e t e a r n i n g s .........................................................................................................................................................................................................
F r o m t h is d e d u c t :
R e n t a l , i n t e r e s t a n d lia b il i t i e s o f a ll k in d s c h a r g e a b l e t h e r e t o ................................................................................................................
$ 4 ,7 1 8 ,5 2 8 4 9
3 , 5 7 6 ,0 0 6 7 9
N e t p r o t it o n P i t t s b u r g C i n c i n n a t i C h ic a g o & S t. L o u is R a il w a y C o m p a n y ’ s l i n e s ......................................................................
1 ,1 4 2 ,5 2 1 7 0
N e t p r o fit o n l in e s w e s t o f P i t t s b u r g f o r 1 8 9 2 ................................................
N e t p r o f it o n lin e s w e s t o f P i t t s b u r g f o r 1 8 9 1 ...................................................................................................................................................
$ 2 , 3 7 2 ,4 9 5 5 4
2 ,6 1 6 ,6 2 1 2 4
C o m p a r a t i v e d e c r e a s e o n lin e s w e s t o f P it t s b u r g f o r 1 8 9 2 .....................................................................
$ 2 4 4 ,1 2 5 7 0
The other lines west of Pittsburg, on account of which your Company has assumed direct obligations, or in which it is
largely interested through ownership of securities, but which are operated through their own organizations, are the St. Louis
Vandalia & Terre Haute Railroad, Giand Rapids & Indiana Railroad, and roads operated through its organization ; East St.
Louis & Carondelet Railway, Cincinnati & Muskingum Valley Railway, the Waynesburg & Washington Railroad and the
Pittsburg Chartiers & Youghiogheny Railway.
1892.
T h e a g g r e g a t e g r o s s e a r n in g s o f t h e s e r o a d s w e r e ....................
N e t e a r n i n g s .....................................................................
D e d u c t r e n t a l , i n t e r e s t & c .........................................
1892.
$ 5 , 9 3 8 ,9 8 3 0 1
4 ,2 4 0 ,8 2 0 7 8
$ 1 , 6 9 8 ,1 6 2 23
1 ,6 6 9 ,4 7 2 2 0
P r o f i t .........................................................................
O f t h is p r o f it y o u r C o m p a n y , u n d e r t h e e x i s t i n g c o n t r a c t s , is e n t it le d t o
W h i c h , a d d e d t o th e p i o f i t s h o w n in t h e a b o v e s t a t e m e n t .
L e a v e s a p r o f it o n a ll lin e s w e s t o f P i t t s b u r g f o r 1 8 9 2 .
P r o f it o n lin e s w e s t o f P i t t s b u r g f o r 1 8 a 1 .........................
S h o w i n g a c o m p a r a t iv e d e c r e a s e f o r 1 8 9 2 c o m p a r e d w it h 1 8 9 1 o f
$ 2 8 ,6 9 0 0 3
$ 2 0 ,1 9 2 8 9
2 ,3 7 2 ,4 9 5 5 4
$ 2 ,3 9 2 ,9 8 8 4 3
2 ,6 6 2 ,9 7 0 2 2
$ 2 6 9 ,9 8 1 7 9
The amount expended duting the year on capital account on the lines west of Pittsburg was $5,435,440 15.
The capital expenditures upon these lines, as indicated in the last report, have been very large during the past year.
Nearly 400 miles of track were put under construction, of which about 230 miles had been laid at the close of the year, and
work upon the remainder is i eing vigorously prosecuted. Extensive additions were also made to the equipment, including
50 engines and 100 passenger coaches.
Tta*- poriion of the Toledo Walhonding Valley & Ohio Railroad, 45}^ miles in length, lying between C rshooton, on the
Pittsburg Cincinnati Chicago & St. Louis Railway, and Loudonville, on the Pittsburg Fort Wayne & Chicago Railway, has
practically been completed, and will shortly be opened for traffic Tais line not only forms a connection between your south
western and north-western systems, but also affords one o f the most direct routes between the coal field j of Southern Oiiio
*
March 11, 1893. J
THE CHRONICLE
417
and the lake ports. It is believed that it will prove a satisfactory investment and tend largely to increase the revenues o f the
former North-Western Ohio Road, a constituent portion of its line.
There were used in construction and repairs on the Northwestern Jine3 operated directly in your interest 22,207 tons of
new steel rails, and on the Southwestern lines 16,590 tons, making an aggregate of 38,797 tons.
In order to increase the capital stock of the Pennsylvania Company to meet its financial requirements, your Company
subsciibed during the year to $1,000,C O thereof, and paid for the same at par in cash, making the total amount now out
O
standing $21,000,000.
S IN K IN G
FU N D S.
There have been redeemed through the sinking fund $2,032,000 of the issue of $3,200,000 of the Pennsylvania Company's
six per cent bonds, secured by Pittsburg Fort Wayne & Chicago Railway Company stock as collateral, leaving the amount
outstanding SI,168.000. No further redemptions could be made of the four-and-a-half per cent bonds secured under the
$20,000,000 mortgage of that Company, so that the amount outstanding at tha close of the year was $19,467,000.
The report made by the trustees of the sinking funds of the first and second mortgages of the Pittsburg Fort Wayne &
Chicago Railway Company shows that the regular annual payment of $104,100 was made thereto. They redeemed duiing
the year $266,500 of the first mortgage and $174,500 of the second mortgage bonds, making the total amount redeemed to
December 31st, 1892 :
F i r s t m o r t g a g e b o n d s .........................................................................................................................................................................................................................................................$ 2 , 2 6 2 , 5 0 0 0 0
S e c o n d m o r t g a g e b o n d s .................................................................................................................................................................................................................................................... 2 , 5 8 5 ,5 0 0 0 0
With a balance of cash in the hands of the trustees, uninvested, December 31st, 1892 :
O n a c c o u n t o f f ir s t m o r t g a g e s i n k i n g f u n d ................................................................................................................................................................................................... $ 8 0 1 ,4 8 8 0 1
O n a c c o u n t o f s e c o n d m o r t g a g e s i n k i n g f u n d ....................................................................................................................................................................................................
7 6 7 ,1 9 8 1 0
T ota l
............................................................................................................................................................................................................................................................................ $ 1 ,5 6 8 ,6 8 6 1 1
The further amount of $188,982 84 was added to the sinking funds provided for the redemption of the existing mortgages
of the Cleveland & Pittsburg Railroad Company, in addition to the amounts contributed directly to other sinking funds by
the individual companies.
Under the provisions of the sinking fund established for the redemption of the first mortgage seven per cent bonds of
the Jeffersonville Madison & Indianapolis Railroad, one of the constituent organizations of the Pittsburg Cincinnati Chicago
& St. Louis Railway Company, $460,000 of these securities had been redeemed to December 31st, 1892, leaving outstanding
$2,483,000. The trustee had also on hand $104,072 63, which has since been applied to the further redemption of the bonds
under the terms of the mortgage.
In pursuance of an offer made to t h e holders of t h e five per cent bonds o f t h e Chicago St. Louis & Pittsburg Railroad
Company, $13,625,000 o f these securities h a v e been esel anged for t h e consolidated f o u r - a n d - o D e - h a l f per cent bonds o f the
Pittsburg Cincinnati Chicago & St. Louis Railway Company, leaving outstanding but $1,506,000 bonds of these underlying
securities.
Under the arrangement stated in the last report $387,000 of the seven per cent bonds of the Grand Rapids & Indiana
Railroad Company have been extended at four and one-half per c e n t: the total amount so converted at the end of the year
was $1,339,000. There are yet outstanding $2,728,000 of the guaranteed, $373,000 of the unguaranteed land grant, and
$935,000 of the land-grant first mortgage bonds o f that company.
- The land department made sales of 21,652 acres of farm land, and 1,314 acres of pine land, for the aggregate price of
$237,886 30, being an average price of $10 36 per acre. The amount sold to the close o f the year, after deducting canceled
contracts, was 564,252 acres, and the aggregate price received therefor was $7,390,202 04, an average of $13 09 per acre.
The assets on hand December 31, 1892, applicable to the redemption of the first mortgagejand-grant bonds were :
C a ? li
C a sh
B i l ls
B ills
in t h e h a n d s o f t h e t r u s t e e s ...................................................................................................................................................................................................................
in t h e h a n d s o f c a s h i e r ......................................................................................................
a n d a c c o u n t s r e c e iv a b le in h a n d s
o f c a s h i e r ............................................................................................................................................................
r e c e i v a b l e a n d s e c u r it i e s i n h a n d s o f t r u s t e e s ...........................................................................................................................................................................
T o t a l .....................................................................................................
$ 8 0 1 .1 6 9
8 ,7 5 6
2 2 6 ,5 5 9
8 0 3 ,8 1 3
73
83
49
95
$ 1 , 8 4 0 ,3 0 0 0 0
SUMMARY OF LINES OWNED, CONTROLLED AND OPERATED EAST AND WEST OF PITT3BURG.
1892.
1891.
L i n e s W est
o f P it ts b u r g
a n d E r ie .
L in e s E a st
o f P it ts b u r g
a n d E r ic .
T ota l.
L in e s E a st
o f P it ts b u r g
a n d E rie.
L i n e s W est
o f P ltsb u rg
a n d E r ie .
T o ta l.
G r o s s e a r n i n g s f r o m t r a f f i c ........................................ $ 9 1 ,7 6 4 ,0 7 6 7 0 $ 4 7 ,2 1 0 ,4 4 3 9 5 $ 1 3 8 ,9 7 4 ,5 2 0 6 5 $ 9 0 ,0 4 4 ,3 2 8 7 5 $ 4 4 ,2 1 0 ,2 8 3 7 6 $ 1 3 1 ,2 5 4 ,6 1 2 5 1
E x p e n s e s , e x c lu d in g r e n ta ls , in te re s t, d iv i
d e n d s , e t c ............................... ...................... .................
9 1 , 8 1 9 ,6 6 0 1 5
6 5 , 5 5 2 ,2 4 3 4 2 3 2 ,7 9 9 ,8 3 9 87
6 2 ,2 5 0 ,2 8 2 0 2 2 9 , 5 6 9 ,3 7 8 13
9 8 ,3 5 2 ,0 8 3 2 9
N e t e a r n i n g s ................................................................. $ 2 6 ,2 1 1 ,8 3 3 2 8 $ 1 4 ,4 1 0 ,6 0 1 0 8
F R E IG H T
$ 4 2 ,1 3 4 ,9 5 2 3 6
$ 4 0 ,6 2 2 ,4 3 7 3 6 $ 2 7 ,7 9 4 ,0 4 6 7 3 $ 1 4 ,6 1 0 ,9 0 5 6 3
T R A F F IC .
1892.
1391.
N u m b er o f T on s
O n e M ile.
N u m b e r o f T on s
O n e M ile.
N u m b e r o f T o n s.
9 8 ,4 4 8 8 6 3
4 2 , 9 2 2 ,9 8 3
9 ,1 7 3 ,6 8 3 ,6 8 0
4 ,2 8 3 ,3 5 3 ,6 8 6
9 2 .4 3 6 ,5 1 5
3 7 ,5 5 6 ,0 8 4
8 .5 5 3 ,3 8 2 ,9 0 6
3 ,7 3 2 ,3 3 1 ,8 0 1
1 4 1 ,3 7 1 ,8 1 6
1 3 .4 5 7 ,0 3 7 ,3 6 6
1 2 9 .9 9 2 ,5 9 9
1 2 , 2 8 5 ,7 1 4 ,7 0 7
N u m ber o f p a ssen g ers
O n e M ile .
N u m ber o f
P a ssen gers
N u m b e r o f T on s.
L i n e s e a s t o f P i t t s b u r g a n d E r i e ...............................................................
I .i n e s w e s t o f P i t t s b u r g ...................................................................................
T o t a l s .........................................
P A S S E N G E R T R A F F IC .
1891.
1892.
N u m ber o f
P a ssen gers.
L in e s e a s t o f P i t t s b u r g a n d E r i e ................................................................
D in e s w e s t o f P i t t s b u r g ....................
T o t a l s .............................................
N u m b e r o f P a s s 'g r s
O n e M il e .
7 0 , 8 3 8 ,8 2 3
1 8 ,8 5 1 ,5 1 8
1 , 2 8 0 ,7 8 8 ,9 3 1
4 7 8 ,1 1 8 ,3 9 1
6 8 ,6 8 4 ,0 3 3
1 8 ,2 5 0 ,4 8 4
1 ,2 0 1 ,8 9 1 ,8 4 2
4 4 1 ,0 2 1 ,3 8 5
8 9 ,6 9 0 ,3 4 1
1 ,7 5 8 .9 0 7 ,3 2 2
8 6 .9 3 4 ,5 1 7
1 .6 4 2 ,9 1 3 ,2 2 7
The aggregate amount of new steel rails used in construction and repairs in 1892 on all lines owned, controlled and
operated by your Company east and west of Pittsburg was 107,936 tons.
GENERAL REMARKS.
There lies been paid the Managers of the Trust created October 9tb, 1878, to December 31st, 1892, the sum of $4,257,815 40,
The income therefrom amounts to $4,101,567 53, and securities have been purchased amounting at par to $8,279,630, yielding
an interest of 5-85 per cent for the year. There was appropriated to that Trust for the year 1892 the sum of $89,179 93.
f
The assets of the Insurance Fund on hand at the end of the year were $2,977,819 60, being an increase of $188,302 25 over
the previous year.
There was contributed to the Employes’ Relief Fund by your Company and affiliated lines during the year $87,000 26 for
operating expenses, for deficiencies $57,598 65, and in addition thereto the sum of $20,356 20 for extra benefits to members of
the Fund whose disability had continued over fifty-two weeks, and who were, therefore, no longer entitled to regular benefits
from the Fund. The amount contributed by the employes was $555,215 84, and the receipts from interest and miscellaneous
sources were $4,362 48, which with the contributions by the companies, as stated above, $164,955 11, made a total of
$724,533 43. Ihis added to the balance on hand at the beginning of the year, $135,179 16, aggregates $859,712 59. Of thi3
amount there was paid to the families of employes in death benefits, and for sickness and accidents, the sum of $615,271 99,
41b
THE CHK0N1CLE.
[VOL. LVL
for expenses $87,000 26, and for transfer to the surplus fund $19,107 01, leaving a balance of $138,383 33 with which to adjust
outstanding claims. The number of persons receiving death benefits was 436, making an average in each case of $581 69.
There were 31,640 members of the Fund at the close of the year. It will be seen that this fund distributed over $50,000 per
month for the purpose of relieving the suffering necessarily arising from accident, sickness and death among the employee
who have availed themselves of its provisions.
The Employes’ Saving Fund continues to show its value to the employes, in affording them a safe depository for a porion of their earnings. The number of depositors has increased during the year from 3,155 to 3,797 ; the amount of deposits re
ceived during 1892 was $493,429, and the balance in the Fund at the close of the year was $1,149,259 14. Of this amount
$1,000,000 have been securely invested in four per cent bonds.
The amount expended during the year upon the Main Line and branches between New York and Pittsburg, and charged
to the capital account, was $5,729,876 70. These expenditures were almost exclusively for additional tracks, yard facilities!
and equipment necessary to provide for the more prompt and economical handling of the increasing volume of business, and
for the purchase of real estate, which it was advisable to acquire at termini to provide for the present and future wants of th®
Company. This policy has given your Company the valuable facilities it now possesses in the large commercial centres, under
much more favorable circumstances than if these acquisitions had been deferred until the necessities o f the Company corn'
pelled their purchase.
In addition to the 2,000 freight cars brought into your equipment account through the system of car trusts there have been
added during the year 82 locomotives,57 passenger coaches, 57 combination, baggage and mail cars, 1 postal car, 2 dining cars,
and 1,000 freight cars. All the new cars have been provided with the best form of automatic coupler and air-brake.
There was also expended in the construction of branch and auxiliary lines the sum of $4,239,603 94 o f which $1,521,790 79
was reimbursed to your company in cash. This expenditure was mainly for the following purposes-: furnishing increased
facilities upon the Pittsburg Virginia & Charleston Railway, where the development of mining and manufacturing interests
is exceptionally active ; constructing branches to the Philadelphia Germantown & Chestnut Hill Road to connect that system
with additional manufacturing industries, and with the Trenton Cut-off Line, as noted in the last annual report; extending
the Western Pennsylvania Railroad eastwardly, towards Johnstown, so as to relieve the Main Line of a portion of the traffic
now pressing upon i t : constructing and extending branches of the Schuylkill Valley Road, to reach anthracite coal thus
made tributary to your system ; and acquiring real estate and right of way for two branches in the vicinity of Philadelphia—
the Fairhill and the Philadelphia and Bustleton roads—the construction of which is necessary for the proper development of
the local territory upon their lines.
The largest sum was expended upon the Cambria & Clearfield Railroad, which was so far completed that the portion of
the line between Cresson and Mehaffev, together with a number of branches, making an aggregate of 80 miles, was opened
for traffic at the close of the year. The development of the mining industries upon this road has exceeded the most sanguine
expectations, and it is believed that it will be one o f the most valuable bituminous coal feeders o f the Main Line. F urther
extensions thereof are contemplated during 1893.
The total amount expended for the above purpose on the lines east of Pittsburg and Erie, after deducting the sum reim
bursed in cash, was $2,717,813 15.
A lease has been made of the Cresson & Clearfield County and New York Short Route Railroad, a local road extending
from Cresson on the Main Line to Irvona, a distance of twenty-seven and one-half miles, and built to develop what is known
as the Mountain Coal District on the Alleghenies, and the tonnage of that road has been permanently secured to your system.
There was expended on account of construction and equipment on your Western lines the sum of $7,001,940 69, the
larger portion of which was in the construction of double track and additional sidings ; it will be necessary to pursue this
policy vigorously during the present year.
The funds for these expenditures, both east and west of Pittsburg and Erie, were provided by the sale of securities, held
in your treasury and in that of the Pennsylvania Company, so that there was no increase in your capital stock or bonded
debt during 1892. The expenditures for similar purposes in 1893 will, as far as possible, be confined to additional motive
power and tracks, as the diffiulties that occurred in the prompt movement of the traffic during 1892 show that such facilities
are most urgently needed. The work contemplated will practically complete the four-track system between Jersey City and
Harrisburg, and will also extend it over a material portion of the line between Harrisburg and Pittsburg.
Owing to the largely increased number of passengers and trains handled at the Broad Street Station, in Philadelphia,
extensive improvements thereto became absolutely necessary, and their construction has been commenced. As it is believed
that the interests of the Company will be promoted by removing its general office to that point, the necessary provision
therefor has been made in the new structure, which, it is hoped, will be completed during the present year.
The policy referred to in the last annual report, of stimulating, through an increase of equipment and other facilities, the
movement of grain between Erie and Philadelphia, resulted in a largely increased volume of traffic ; but, owing to the sharp
competition in the rates between the lines engaged in lake and rail transportation, these efforts would seem to have been more
beneficial to the commercial interests of the city of Philadelphia than to those of the transportation companies.
The year 1892 presented the anomalous condition of a larger amount of traffic being tendered to the railways than they
were able to properly handle, while at the same time the competition between the transportation lines of the country was
more active and the traffic carried at lower rates than at any other period in their history. This is reflected in the decreased
net earnings of nearly all the larger companies, at least in the eastern portion of the United States, where this destructive
competition stimulated methods of securing traffic that, if possible, were attended with more injurious results to the public
than to the railway companies.
In an effort to remedy this unnatural condition of affairs, the chief officers of the principal railways of the country, after a
very full discussion of the subject, and at the suggestion of the Inter-State Commerce Commission, deemed it proper to appear
before Congress and suggest such amendments to the Inter-State Commerce law as would, while increasing the efficiency of
the Commission in detecting and punishing violations of its provisions, also enable the railways to enter into proper
traffic relations with each other, on a-basis to be supervised and approved by the Commission. These matters were forcibly
presented before committees of both Houses of Congress, and it was fully explained that the object sought was not an in
crease of rates or the prevention of competition, but simplv to secure alike to all shippers the rates filed with the Commission ;
but the effort to obtain aDy satisfactory modification thereof was unsuccessful. As a result, the greatest industrial interest
of the country, and the one with which its prosperity is the most intimately connected, is apparently left in such a position
that it is unable to enter into any legal arrangements that will enable it to meet the anomalous conditions already referred
to, or to so manage its affairs as to either properly serve the public or make a fair return to its owners. It is to be hoped that
a careful consideration of the subject will convince Congress that the protection of the public, no less than of the companies
themselves, requires at their hands legislation that will authorize the making o f such contracts under proper supervision.
The Board have to record with the deepest regret the sudden death on December 17th, 1892, of one of your executive
officers, Mr. Joseph N. Du Barry, Second Vice-President.
Mr. Du Barry’s whole life had practically been spent in the service of the Pennsylvania Railroad and its affiliated lines.
Entering the service in 1847, at the age of 17, in one of the engineer corps charged with the survey and location of the road
on the western slope of the Allegheny Mountains, he had successfully done faithful and efficient service on the Philadelphia &
Erie, the Pittsburg Ft. Wayne & Chicago, the Northern Central and the Baltimore & Potomac roads, until in 1875 he
became Assistant to the President, and eventually Second Vice-President of your Company. In this long career he had
achieved an exceptional reputation for engineering ability, and established a most honorable record for earnest and
conscientious work. His ripe experience, sound judgment and unblemished integrity made his counsels of special value in
the administration of your affairs, and his associates realize not only the great official loss sustained by the Company, but
also the keen personal loss growing out of the severence of the genial and kindly relations that had existed unbroken for so
many, years.
On the 1st of May, 1892, Mr. J. G. Searles was appointed Coal Freight Agent, to fill the vacancy that had existed in that
office since the promotion of Mr. Joyce to be General Freight Agent.
Mr. Samuel Rea was also appointed Assistant to the President May 25th, 1892.
The Board renew their acknowledgments to the officers and employes for the fidelity and efficiency with which they
have discharged their duties during the past year.
By order of the Board,
G. B. ROBERTS, President.
THE CHRONICLE.
March 11, 1898.]
T H E
IL L IN O IS
S T E E L
C O M P A N Y .
APPLICATION TO THE NEW YORK STOCK EXCHANGE.
New Y ork , February 15, 1893.
The Illinois Steel Company is a corporation organized under
the laws of the State of Illinois, in the year 1889, and is formed
by the consolidation of the North Chicago Rolling Mill Com
pany and the Union Steel Company, which, in turn, pur
chased the plant and other property of the Joliet Steel Com
pany. all corporations of the same State. It was organized
for the purpose of manufacturing and selling all metals and
the product of the manufacture thereof, but more especially
to manufacture, sell and generally deal in iron and steel, in
iron and steel ingots, blooms, railroad rails, billets, bar, plate,
wire rod and all other kinds of manufactured iron and steel,
having its works, rolling mills, shops, etc , at Chicago and
Joliet, Illinois, and Milwaukee, Wisconsin, its head office
being in the Rookery Building, at Chicago, Illinois.
The plant of the company consists of : Its North Works, on
the north branch of the Chicago River, embracing blast fur
naces, Bessemer converting works, structural mill, fitting
shops, etc., etc. Its South Works, situated at South Chicago,
north of the Calumet River, fronting on Lake Michigan, em
bracing blast furnaces, Bessemer and open-hearth steel works,
steel rail mill, plate mill, machine shops, etc., etc. Its Union
Works, situated on the south branch of the Chicago River,
embracing blast furnaces, Bessemer steel works, rail and billet
mill, machine shops, etc., etc. Its Joliet Works, situated at
Joliet, W ill County, Illinois, embracing blast furnaces,
Bessemer steel works, steel billet mill, wire rod mill, etc., etc.
Its Milwaukee Works, situated at Milwaukee, Wisconsin, em
bracing blast furnaces and mills for rolling merchant iron
and steel in a variety of forms
In addition to the plant of the company, as described above,
it owns a controlling interest in coal lands and coke plant in
Pennsylvania ; in iron lands at Iron Ridge, Wisconsin ; in
timber lands in Michigan ; and in stone quarries at Logansport, Indiana. It is also interested in cars and other equip
ment used in bringing its raw material to the respective
works of the company.
Southwest Connellsville Coke Company.—This com
pany owns 4,612'72 acres of unmined coal and 999,619 acres
of surface land in the Connellsville region, in Southwest
Pennsylvania,
The vein now being mined averages 9 feet in thickness,
yielding between 11,000 and 12,000 tons of coal per acre.
There are at present operated four distinct mines, the product
of which is coked in 1,204 ovens, in connection with which is a
complete plant of buildings, machinery, tracks, tenement
houses and all other requisites for the successful and economi
cal operation of the property.
On the basis of recent sales of land in that region, as well
as on the basis of profits actually earned during the past seven
years, the stock of this company, of which 85 per cent is
owned by the Illinois Steel Company, is believed to be worth
par. It now stands on the books of the Illinois Steel Company
at 60 per cent of its face value, which is considered by all
familiar with it to be a very conservative valuation indeed.
The net earnings for the year 1892 amounted to $339,428 51,
or nearly 8% per cent on its capital of $4,000,000.
W est V irginia L ands.—In 1888 the Union Steel Company
and the Joliet Steel Company, two of the companies now con
solidated in the Illinois Steel Company, purchased coking-coal
lands in fee, and in mineral, in West Virginia, through an asso
ciation known as the Chicago Coking-Coal Land Association.
The terms of the purchase were such that, in any disposition
that may be made of the lands, or of the mineral or timber
on same, the Steel Companies are to receive the principal of
their investment and 6 per cent per annum interest thereon,
and thereafter remain a half owner in the property.
The land, which contains much valuable timber in addition
to the coal, which has been found by actual drilling, has not
yet been developed, and in the consolidation of 1889 this asset
was entered at the nominal sum of $25,000, at which it still
continues. On the basis of more recent purchases in the
neighborhood this is hardly one-third of the value of the land.
L ands in Michigan.—The company owns nearly 6,000
acres of timber land in Northern Michigan, which may in
part be underlaid with iron ore.
This land, however, was
entered in the consolidation at the nominal sum of $7,000, or
less than $1 25 per acre.
419
It was in part to cover these additions that the issue of
Debenture Bonds, which it is hereby desired to be listed, was
made.
The bonded debt of the company at December 31, 1892, con
sisted of $6,200,000 of Debentures, dated January 1, 1890,
running 20 years, with interest at 5 per cent per annum, pay
able semi-annually, January 1 and July 1, at the office or
agency of the company in the city of New York. The bonds
are of the denomination of $1,000, and are numbered respec
tively from 1 upwards, not exceeding in the aggregate of
their principal the sum of $6,200,000.
S P E C IA L
CLAU SES
IN
DEBENTURE
BOND.
“ It is further agreed that while any of said series of bonds
remain unpaid no mortgage shall hereafter be placed upon
any of the property of tins company.”
“ The said Illinois Steel Company reserves the right at any
time to pay and retire the whole of said series of bonds by
paying $1,050 for each bond and accrued interest then due on
each bond, upon giving 90 days’ notice of an intention to pay
and retire the same by one publication in a newspaper of
general circulation in the city of New York, and also in the
same manner in a newspaper of general circulation in the city
o f Chicago.”
It is also understood and agreed that the holder hereof
shall have the right at any time before the payment hereof,
except when the stock transfer books are closed, to subscribe
at par for an amount of the unissued capital stock of this com
pany equal to the principal sum hereof, and to exchange thisbond at par for such an amount of said capital stock, accrued
interest due at the time of such exchange to be paid in cash
by this company.”
The bonds can be registered as to principal. Trustee, the
Metropolitan Trust Company of the City of New York.
The total capital stock outstanding is $18,650,635. The
capital stock is fully paid, and there is no liability of any
kind upon its stockholders.
STATEMENT OP EARNINGS F O R THE T E A R ENDING D ECEM BER 3 1 , 1 8 9 2 ,
G r o s s p r o f i t s .............................................................................................. $ 3 , 2 6 5 , 9 2 2 7 3
L e s s i n t e r e s t o n D e b e n t u r e B o n d s ...................$ 3 1 0 ,0 0 0 0 0
L e ss in te re s t o n c u r r e n t w o r k in g in d e b t e d
n e s s ................................................................................. 1 7 1 ,1 0 3 4 8
4 8 1 ,1 0 3 4 8
N e t p r o f i t ............................................................................................ $ 2 ,7 8 4 , 8 1 9 2 5
L e s s i n v e n t o r y o f m a t e r ia l s o n h a n d D e c e m b e r 3 1 ,
1 8 9 2 , w r itte n d o w n ; r e p la c e m e n ts a n d s u n d r y ite m s
o f im p ro v e m e n ts to p l a n t ; d o u b tfu l a c c o u n t s a n d
a s s e t s , w r i t t e n o f f t o p r o f it a n d l o s s . . . . ...............................
7 6 5 .5 5 0 5 0
B a la n c e o f p r o f it s f o r t h e y e a r , a s p e r P r e s i d e n t 's
R e p o r t ....................................................................................................... $ 2 ,0 1 9 ,2 6 8 7 5
—being equal to 10’83 per cent on the capital stock issued.
CO N DENSED B A L A N C E S H E E T D E C E M B E R 31, 1892.
C r e d its .
C a p it a l s t o c k o u t s t a n d i n g .............................$ 1 8 ,6 5 0 ,6 3 5 0 0
F i v e p e r c e n t D e b e n t u r e B o n d s ................
6 , 2 0 0 ,0 0 0 0 0 $ 2 4 ,8 5 0 ,6 3 5 0 0 '
B ills p a y a b l e ......................................................... $ 3 , 5 1 0 , 7 0 4 4 8
A c c o u n t s p a y a b l e ...............................................
3 , 9 5 6 ,7 7 6 2 0
A c c r u e d i n t e r e s t a n d c o m m i s s i o n s .........
1 5 6 ,1 0 0 0 0
7 , 6 2 3 , 5 8 0 68-
R e s e r v e f u n d s f o r r e p l a c e m e n t s , a c c id e n t s a n d c o n t i n
g e n c i e s ............. ....................................................................................
D iv i d e n d s p a y a b le M a r c h 1 0 a n d A p r i l 1, 1 8 9 3 ...............
P r o f it a n d l o s s ( u n d iv id e d s u r p l u s ) ...........................................
4 0 3 ,0 4 0 8 8
3 ,4 5 2 ,2 3 2 5 4
5 3 6 ,3 3 1 1 9
$ 3 6 ,8 6 5 ,8 2 0 2 9
D eb its .
C o s t o f r e a l e s t a t e , b u i l d in g s , m a c h i n e r y
a n d e q u i p m e n t t o J a n u a r y 1 , 1 8 9 2 ____$ 1 7 ,8 0 1 ,6 1 8 4 9
N e t a d d it i o n s in 1 8 9 2 ................................................
3 9 3 ,1 9 6 3 6
----------------------------$ 1 8 ,1 9 4 ,8 1 4 8 5
M a t e r ia ls a n d s u p p l i e s o n h a n d ..........................$ 1 0 ,2 1 3 ,3 9 0 2 2
C a sh o n h a n d ..................................................................
1 ,0 1 4 ,8 3 0 1 8
B ills r e c e i v a b l e ..............................................................
8 2 4 ,9 1 5 5 2
A c c o u n t s r e c e i v a b l e ..................................................
3 ,2 6 4 ,7 2 7 4 3
----------------------- — 1 5 ,3 1 7 ,8 6 3 35S e c u r it ie s o n h a n d ...................................................... $ 2 , 9 2 9 ,8 3 8 3 5
O th e r i n v e s t m e n t s ..........................
4 2 3 ,3 0 3 7 4
---------------------------- 3 ,3 5 3 ,1 4 2 0 9
$ 3 6 ,8 6 5 ,8 2 0 2 9
The Officers of the company are : Jay C. Morse, President;
W. R. Stirling, First Vice-President; H. S. Smith, Second
Vice-President; J. C. Stirling, Treasurer ; H. A. Gray, Sec
retary.
Principal office address is the Rookery Building, Chicago,
111. New York office, Bank o f America Building, 46 Wall
Street. Transfer Agents of the company are Messrs. Cuyler,
Morgan & Co., 44 Pine Street, New York City. Registrars o f
Transfer, the Metropolitan Trust Company, New York.
List of Directors February 21, 1893: Nathaniel Thayer,
T h e ( p u c k a s s e t s , c o n s i s t i n g o f c a s h , m a t e r ia l s a n d s u p
Francis Bartlett, Boston, Mass.; A. J. Forbes-Leith, New
p l ie s o n h a n d , a n d h ills a n d a c c o u n t s r e c e iv a b le ,
a m o u n t e d D e c e m b e r 3 1 , 1 8 9 2 , t o .................................................... $ 1 5 ,3 1 7 ,8 6 3 35 York, N. Y .; Morgan Rotch, New Bedford, Mass.; H. H.
T h e q u i c k lia b il i t i e s , c o n s i s t i n g o f b ills a n d a c c o u n t s
Porter, Marshall Field, Jay C. Morse, W . R. Stirling, H. S.
p a y a b l e a n d a c c r u e d i n t e r e s t , a m o u n t e d t o .....................
7 , 6 2 3 ,5 8 0 68
Smith, Robert Forsyth, Norman Williams, Chicago, 111.
L e a v in g a b a l a n c e o f n e t s a la b le q u i c k a s s e t s ............. $ 7 ,6 9 4 ,2 8 2 6 7
Chicago Transfer Agent, John J. Mitchell. Chicago Regis
T o w h ic h a d d s e c u r it i e s o n h a n d , a s p e r l is t h e r e w it h ,
a m o u n t i n g t o ..............................................................................................
2 . 9 2 9 ,8 3 8 3 5 trar of Transfers, the Illinois Trust & Savings Bank.
M a k in g a t o t a l o f s a la b le a s s e t s o f ..................................... $ 1 0 ,6 2 4 ,1 2 1 0 2
We hereby make application to the Committee on Stock
T h e f ix e d a s s e t s o f t h e c o m p a n y , c o n s i s t i n g o f p l a n t ,
List of the New York Stock Exchange to list $18,650,635 of
e t o ., a r e v a l u e d a t ............................................................................... 1 8 ,6 1 8 ,1 1 8 5 9
Capital Stock, and $6,200,000 of Five per cent Twenty-year
At the date of the consolidation the respective plants of the Debenture Bonds of the Illinois Steel Company.
three companies were estimated and agreed upon by the
A. J. F o r b e s - L e i t h , Member of Executive Committee.
officers of the contracting companies as follows :
This Committee recommends that the above-described
T h e p l a n t o f t h e N o r t h C h ic a g o R o l l i n g M ill C o m p a n y ,
$6,200,000 Five per cent Twenty-year Debenture Currency
c o m p r is i n g n o w w h a t is k n o w n a s th e N o r t h W o r k s ,
Bonds of 1910, Nos. 1 to 6 ,200 inclusive, and the $18,650,600
8 o lltn W o r k s a n d M ilw a u k e e W o r k s , a t ................................ $ 7 ,0 0 0 ,0 0 0 0 0
Capital Stock, be admitted to the list. The Capital Stock will
l h e p l a n t o f t h e U n io n S t e e l C o m p a n y , c o v e r i n g th e
U n io n W o r k s ........ .............................................................................
2 ,7 5 0 ,0 0 0 0 0
lie listed e x t h e d i v i d e n d s p a y a b l e M a r c h 10 a n d A p r i l
l h e p la n t o f t h e J o l i e t S t e e l C o m p a n y , c o m p r is i n g t h e
1, 1893.
S. ,T. R u s s e l l , Chairman.
J o l i e t W o r k s ........................................................................................... 3 , 0 0 0 ,0 0 0 0 0
Adopted by the Governing Committee March 8,1893.
s i n c e t h a t d a t e e x t e n s i v e a d d it i o n s h a v e b e e n m a d e t o
th e c o m p a n y ’ s p r o p e r t y ,b r i n g i n g t h e t o t a l u p t o ............ 1 8 ,6 1 8 ,1 1 8 5 9
G e o r g e W. E l y , Secretary,
THE CHEOMOTL
420
%\xt
(Commercial Jimes.
LVol.
C
O
T
T
O
N
l v i.
.
P. M., March 10, 1893.
The Movement of the Crop , as indicated by our telegrams
C O M M E R C I A L
E P IT O M E .
from the South to-night, is given below. For the week endin g
this evening the total receipts have reached 55.575 bales,
F r i d a y N i g h t , March 10, 18fe3.
against 65,041 bales last week and 65,496 bales the previous
The week’s trading in staple commodities has been char week, making the total receipts since the 1st of Sept., 1892,
acterized by no unusual features. Speculation has been con 4,403,966 bales, against 6,286,138 bales for the same period of
ducted with caution and an apparent desire to abstain [from 1891-2, showing a decrease since Sep. 1.1892, o f 1,882,172 bales.
Receipts at—
Sal.
Mon.
Tucs.
Wed. Thun,
Fri.
Totai.
adding greatly to outstanding engagements. General business
is making somewhat slow progress towards the usual spring G alveston.........
731 2,697 2,011 2,135 1,006 2,885 11,468
El P aso, & o...
......
......
......
......
......
274
274
expansion, but is in healthy foim, and few complaints of a
907 20,911
serious nature are heard. Impediments to railway transport New O rlea n s... 3,066 4,173 4,442 2,858 5,465
M obile................
106
442
551
35
21
96
1,251
ation are gradually disappearing and delays in the movements F lorida..............
of merchandise are becoming less frequent. A rain-storm cover S avan n ah .........
675
849
3,622
418
378
436
866
...........
ing a large portion of the wheat belt moved eastward, leaving
BrQnBW’k,& c.
......
......
......
......
97
97
567
541
144
293
120
105
1,770
clear, mild weather, and latest lid vices report fine crop con C harleston.......
P ortR oyal.& o ...........
...........
......
......
......
......
ditions for Fall-sown grain, with possible exception in a por
W ilm ington___
37
33
17
123
234
51
18
tion of Illinois. SpriDg seeding is reported as having com
W ash’gton.& o .........
.........
.........
.........
9
9
......
menced in Nebraska. Cotton-crop preparations aie more or N orfolk..............
510 2,023
5,792
411
1,366
809
673
241
less forward, according to latitude, and planters are com
232
328
801
...........
362
N’w p ’ tN ’8,&0.
......
362
......
mencing to seek a market for their remaining holdings of
442
1,820
434
323
216
405
last season’s growth. Foreign advices have not been of
512
B oston ...............
452
282
3,883
630 1,611
396
a character to attract free shipments of staple products.
...........
1,801
B altim ore.........
1,804
......
......
......
......
Lard on the spot has been taken very slowly, and prices have Phlladelph’a.&o
224
1,427
74
283
85
138
623
declined. The close was easy at l l -75c. for prime City, T o t a ls th is w e e k 7.114 11.224 9.502
9,347 9.055 9,333 55,575
1270c. for prime Western and I3’30c, for refined for the Con
The following shows the week’s total receipts, the total since
tinent. The speculation in lard for future delivery in this Sept. 1, 1892, and the stock to-night, compared with last year.
market has been dull, and there has been a sharp break in
S to ck .
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
values, due to increased receipts of swine at primary points
R e c e i p t s to
T h is
S in c e Sep.
T h is
S in c e Sep.
M arch 10.
and in response to v : aker advices from the West.
1893.
1892.
F
W e ek ,
D A I L Y C l.. elN O P R IC E S O P L A R D F U T U R E S.
M a r c h d e l i v e r y ...............
M a y d e l iv e r y ................
J u l y d e l i v e r y ...............
S a t.
1 3 -1 5
.1 3 -2 0
. 1 2 -4 5
M on.
T u ee.
W ed .
13 05
1 2 -9 5
1 2 -9 5
1 3 -0 0 1 2 -9 5
1 2 -9 5
1 2 -0 5 1 2 - 0 0
12 00
T h ur.
F r i.
1 2 -9 0
1 2 -6 5
1 2 -9 5
1 2 -6 5
1 1 -9 0
1 1 -7 5
G a lv e s t o n ...
E l P a s o ,& e .
N e w O r le a n s .
M o b i l e ............
1 ,1 8 9 2 .
9 7 5 ,7 5 9
1 1 ,4 6 3
274
4 0 ,8 6 3
2 0 ,9 1 1 1 ,3 4 0 ,3 2 9
1 5 4 ,6 1 2
1 ,2 5 1
2 7 ,0 1 5
3 ,6 2 2
6 8 6 ,3 5 4
r id a y
,
W e ek .
1 ,1 8 9 1 .
1 2 ,C00 1 , 0 6 0 ,0 1 4
276
3 1 ,4 3 7
3 8 ,1 3 3 2 ,1 9 1 ,6 1 1
6 9 ,9 4 6
2 ,2 7 1
3 0 6 ,3 3 4
3 0 ,5 2 6
5 9 ,2 7 1
4 5 7 ,0 0 4
3 1 ,5 6 0
2 ,6 3 0
2 1 3 ,4 0 6
Pork was dull an unchanged until the close, when a fair
2 3 ,8 3 7
business was done at a decline, closing at $19 25@$19 50 for S a v a n n a h . ..
1 1 ,8 0 4
908^567
6 5 ,7 1 3
6 2 .6 5 1
old mess, $19 50(g$19 75 for new mess, $22@$24 for short clear
97
1 3 9 ,7 6 1
1 5 7 ,8 9 4
B r u n s ., & c.
2 ,0 4 3
3 ,7 0 0
5 ,5 0 8
1 ,7 7 0
2 6 1 ,8 5 9
and $20 50® $21 for family. Beef is dull at $7 50a $8 for extra C h a r le s t o n
3 ,8 7 6
4 3 4 ,8 7 4
3 4 ,9 0 1
5 3 ,2 2 7
425
mess, $8@$10 for packet, $10a$18 for family and $16(g$19 for P . R o y a l,& c
3
1 ,4 5 1
extra India mess. Beef hams are unchanged at $20. Lard W i l m i n g t o n .
281
1 5 4 ,2 0 2
1 5 0 ,6 1 2
1 ,4 1 5
1 0 ,5 9 8
1 2 ,6 9 9
stearine is weak at 13J^@139£c. in hhds. and tcs. Oleostearine
9
747
W a s h ’ t n ,& c
2 ,3 1 7
18
is quoted nominally at~10%c. Tallow is firm at 6%c. Cotton N o r f o l k ........... 5 ,7 9 2 2 2 9 ,6 9 6 7 ,0 3 5 4 5 2 ,2 1 3
4 “ ,3 )5
3 8 ,5 5 4
seed oil is dull and lower at 493 52c. for piirne crude. Butter
801
1 7 9 ,7 1 9
W e s tP o in t
5 ,3 4 6
2 8 3 ,8 9
4 ,3 6 8
7 ,0 3 8
is moderately active and firm at 20@28%c. for creamery.
362
1 7 ,4 4 3
4 1 ,5 3 7
B T w ptN .,& (
462
979
1 ,4 5 8
Cheese is dull and easy at 11(212c. for State factory full cream. N e w Y o r k . . 1 ,8 2 0
3 3 ,9 0 5
7 5 ,6 4 2
3 ,5 4 8
2 9 1 ,8 0 7
4 1 0 ,6 5 4
Fresh eggs are steady at 18c. for Western.
3 ,8 3 3
3 ,7 9 2
1 0 0 ,4 7 ':
7 4 ,6 9 7
1 5 ,6 0 0
B o s t o n ............
1 6 ,0 0 0
Coffee has continued dull, with the general inclination of B a l t i m o r e . ..
1 ,3 0 4
4 9 ,6 5 9
407
6 6 ,1 9 9
1 3 .0 9 2
2 9 ,8 3 6
values toward a lower range under increased offerings. Rio P h ll’ d e l ’ a ,& (
1 ,4 2 7
3 6 ,9 2 1
1 ,0 3 9
6 1 ,9 9 5
1 2 ,8 6 8
1 6 ,0 9 0
is quoted at 18c. for No. 7; good Cucuta at 22J^c., and interior
5 5 ,5 7 5 4 ,4 0 3 .9 6 6 9 3 .3 9 6 6 ,2 8 6 ,1 3 6
T o t a l s .........
9 1 0 ,9 8 2 1 , 2 0 1 .1 5 0
Padang at 27@273^e. Contracts for future delivery met with
very little investing demand, and obtained only poor support
In order that comparison may be made with other year, we
from the “ bull” element. To-day the deal is light and values give below the totals at leading ports for six seasons.
appear to be barely supported on all months. The following
1892.
S sc e tp te a t —
1893.
1891.
1890.
are the final asking prices:
1889.
1888.
M c h ...............................1 7 - 3 5 e . I J u n e .............................1 6 '7 0 e .
A p r i l ........................... 1 7 0 0 c .
J u l y ................................1 6 0 0 c .
M a y .............................. 1 6 - 8 5 c . I A u g ................................. 1 6 - 5 5 C .
| S e p t ........
■ 1 6o0c.
G-alv’ H ton ,& e
O c t ...........
1 6-40C .
I D e e ................................................5 0 . „ „ N e w O r le a n s
.1 6 * 2 „ „
1 1 ,7 4 2
2 0 ,9 1 1
1 ,2 5 1
3 ,6 2 2
1 2 ,2 7 6
3 8 ,1 3 3
9 ,2 3 1
2 9 ,3 1 9
6 ,7 7 1
2 1 ,5 8 6
711
6 .3 3 8
25 898
3 ,0 7 3
5 ,8 1 3
2 ,9 2 3
953
3 ,9 6 9
1 2 ,9 5 8
1 8 ,1 0 1
6 ,0 8 1
1 9 ,6 8 5
813
3 ,2 8 7
4 ,5 0 2
2 ,6 6 0
Raw'sugars have been slow of sale, and with some slight M o b i l e ............
1 1 ,8 0 4
1 3 ,0 9 4
4 ,7 7 8
pressure of supplies seeking an outlet prices were easier, S a v a n n a h . ..
1 ,7 7 0
3 ,8 7 9
4 ,5 1 6
1 ,7 9 2
2 ,5 0 4
Centrifugal quoted at 3% for 96 deg. test, and Muscovado at O h a r l’ s t ’ n .& e
1 ,2 5 2
293
1 ,4 3 3
325
376
2 15-16c.@3 for 89 deg. test. Refined sugars“ were reduced in W llm ’ g t ’ n ,& c
5 ,7 9 2
7 ,0 3 5
9 ,6 3 0
2 ,8 6 5
2 ,7 8 1
ccst without increasing the demand ; granulated quoted at N o r f o l k ..........
1 ,1 6 3
5 .1 9 3
5 ,3 4 7
3 ,7 6 3
5 ,8 9 3
4%c. Teas firm for Pingsueys ; other grades weak. Molasses, W ’ t P o i n t , & i
A ll o t h e r s . . .
9 ,0 3 1
1 0 ,8 2 9
1 0 ,8 0 2
1 2 ,1 4 4
5 ,9 0 3
syrups, rice fairly active and steady. Spices unsettled.
Kentucky tobacco has been quiet, but the supply on hand r o t .t h l s w e o k
5 5 ,5 7 5
9 3 ,3 9 6
8 7 ,5 4 1
5 4 ,7 3 5
8 0 ,0 2 6
4 7 ,3 3 3
is small and prices are firm. Sales were about 200 hhds. Seedleaf tobacco has been without change and dull. Sales for the S in c e S e p t . 1 . 4 4 0 3 .9 6 8 6 2 8 6 ,1 3 8 6 0 0 9 ,5 1 2 5 1 9 0 ,7 5 8 5 0 9 0 .9 9 1 5 0 2 2 ,2 6 1
week were 1,025 cases, as follows: 75 cases, 1891 ctod New
The exports for the week ending this evening reach a total
England Havana, 35 to 60c.; 150 cases, 1891 crop, State Ha of 73,343 bales, of which 18,747 were to Great Britain, 19,808
vana, 12;‘p to 15c.; 150 cases, 1890 crop, Pennsylvania seed to France and 31,789 to the rest of the Continent. Below are
leaf, 12}^ to 17c.; 150 cases, 1890 crop, Wisconsin Havana, the exports for the week and since September 1. 1893.
ISJ^c.; 200 cases, 1891 crop, Wisconsin Havana, 8V to 10l4e.
W eek Endino March 10.
From Sept. 1, 1892, to Mch. 1 0 ,1 8 8 3
150 cases, 1891 crop, Zimmer’s, 11J4 to 13c., and 150 case's
Exported to—
3 c ported to —
B x p o rtt
sundries, 7 to 3234c.; also 700 bales Havana, 724£c. to $1 1214
Qrea<
C o n t i Total
Oreat
Conti
from—
and 200 bales Sumatra, $2 65 to $4.
Franc n en t. Week. Britain. Franc1 nent.
Total.
BriVr.
Straits tin has advanced sharply in response to stronger ad
13,323 13,322
423.961 L27.073
154,507
711,144
vices from abroad, but the speculation continues slow Tin J a b r a s io n ........
200
17,069
2o0
18,717
35,7 86
close was steady at $21 15@$21 25. Sales for the week were V e la s c o , & c . . . . 5,300
8,074 32,072
S e w O r le a n s .
18.-E8
390,233 269,575
204,075
9 23,883
about 150 tons. Ingot copper has made a slight further de v lo b ile & P o n .
40.441
40,441
clme and the close was dull at ll-80o. for Lake. Lead has • Savannah .......
3,700
3,700
61,711 24,727
228,539
314,977
been dull and the close was a shade lower at 3'90c. for domes B r u n s w i c k ___
350
350
57,776
2,18«i
20,489
80,7 55
tic. Pig Iron has been dull but steady at $12 75 2 SI0 50.
J h a r le s t o u . . .
7,9-fO
83,091
97.975
192,509
Refined petroleum has been quiet but steady at 5-30c. it W i l m i n g t o n . . .
74,102
57.929
132,031
hbls., 2-_80c. in bulk and 6T5c. in cases; crude in bbls. has N o r fo l k ............ 1 ,0 0 )
1,000
22,373
02,981
85,354
52,236
7,700
59,936
been fairly active and firm at 5'55c. and 3-05c. in bulk; naph W e s t P o i n t . .
p o rtN w s. < «
&
6,662
6 ,663
tha, 5j4c. Crude certificates have declined but at the clos<
e w Y o r k ....
7 4.0 6!
7.273
7,168 15,519
202,235 13,567
1,105
349,853
the market was firm at 64c. bid. Spirits turpentine has ad
131,85 y
;
4,706
4.768
130,620
4,700
vauced on stronger advices from the South, and the closf B o s to n ...........
72,931
63,091
1,975
1,975
4,860
141,482
a lt im r ----,afc 3534@36c. Rosins have been firm but quiet a B h ila d eolpe’ a.& f
3 ,2 :4
200
8 ,424
463
468
SI 4o@Sl 4734 for common and good strained. Wool hai ^
T o t a l ................... 18.747 19,808 34,789 73,342 1,754,111 450,782 1,015,034 3,219,927
been generally firm but ^quiet. Hops have been dull bu
steady.
.
1 0,1* Q«? *
f>- 7-4 df>t! ? GOrt 7 7
Tnt.nl. 1SOI ft?. ss.'tll
0 '9
2 -104 q-J O
THE CHRONICLE.
M arch 11, 1893.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs,
Oarey, Yale & Lambert. 24 Beaver Street.
k-H
< 2.
fD
® jr*
421
E
E
o O®
C o
O
p-a> g
P O ’* *
cu o ® CD
tr® ®
* -d o *
£ :
* f-r r
O n S h ip b o a r d , n o t c le a r e d —f o r
M arch 10 a t—
N e w O r le a n s ...
G a l v e s t o d ..........
S a v . u n a h ...........
C h a r le s t o n .. ..
M o b i l e ..................
N o r f o l k ................
N e w Y o r k ..........
O th e r p o r t s ___
G re a t
B r i t a in .
1 0 ,3 6 3
1 ,8 3 L
N one.
N one.
N one.
9 ,0 0 0
8 ,2 0 0
1 0 ,0 0 0
O th er
F r a n ce . F o reig n
6 ,0 7 2
4 ,4 7 1
N one.
N one.
N one.
N one.
500
N one.
1 3 ,2 5 0
2 ,5 5 8
1 ,0 0 0
4 .0 0 0
N oue.
3 .0 0 0
2 ,5 0 0
7 .0 0 0
L e a v in g
S to c k .
O oa stw ise.
T o ta l.
717
2 ,9 5 6
1 .2 0 0
N one.
N one.
4 .4 0 0
N one.
N one.
3 0 ,4 0 2
1 1 ,8 1 6
2 ,2 0 0
4 ,0 0 0
N one.
1 6 ,4 0 0
1 1 ,2 0 0
1 7 ,0 0 0
2 7 5 .9 3 2
5 8 ,1 3 0
6 3 ,5 1 3
3 0 ,9 6 4
3 0 .5 2 6
3 0 ,9 5 5
2 8 0 ,6 0 7
4 7 ,3 3 7
T o ta l 1 8 9 3 ...
3 9 ,3 9 4
1 1 ,0 4 3
3 3 ,3 0 8
9 ,2 7 3
9 3 ,0 1 8
8 1 7 ,9 6 4
T ota l I f 9 2 ...
T o ta l 1 8 9 1 ...
4 6 ,6 3 8
3 4 ,0 6 9
2 0 ,9 5 6
1 1 ,5 7 4
5 5 ,7 6 8
4 8 .3 2 1
1 5 ,6 7 5
9 ,7 6 5
1 3 9 ,0 6 7
1 0 3 ,7 2 9
1 ,0 6 2 ,0 8 3
5 8 5 ,3 8 4
Speculation in cotton for future delivery at this market has
been moderate. Somewhat increased offerings of actual cot
ton and near-by options from the South, in order to obtain
funds for planting expenses, were neutralized by a constant
expectation of settlement of labor difficulties in Lancashire,
and prices were prevented from settling off to any extent. Sat
urday’s market was quite firm, and5 points advance was made
on a demand from shorts desiring to cover at end of week for
safety. On Monday the market opened with a further gain of 8
points upon influence of favorable rumors from abroad regard
ing the strike, but later in the day, when those stories were
modified and liberal offerings of “ lo n g ” cotton from the
South came upon sale, there was a precipitate decline, the
clo;e showing a net loss of 2 points for the day. A number of
advices on Tuesday renewed the impression that the English
mill owners and their operatives were about coming to terms,
which promptly stimulated an advance of 12 to 13 points; but
at the gain “ long” cotton was again offered freely and caused
a partial reaction. The downward turn continued to the ex
tent of 8 points net loss on Wednesday in consequence o f fail
ure of striking operatives and employers to agree upon pos
itive terms at a meeting specially held for that purpose, but
yesterday the market ruled quite uniform in the absence of
fresh news or rumors of any description worthy of atten tion.
To-day the tone is feverish, owing to conflicting reports from
abroad in regard to the strike, but advantages were mainly in
buyers’ favor. Cotton on the spot has been moderately active
at easy rates, closing at 9}gC. for middling uplands.
The total sales for forward delivery for the week are 373,400
bales. For immediate delivery the total sales foot up this w e e k
7,818 bales, including 5,705 for export, 943 for consumption,
— for speculation and 1,200 on contract. The following are
the official quotations for each day of the past week—
March 4 to March 10,
U PLAND S,
S a t.
H on Tues
W ed
T h .
P ri.
O r d i n a r y .................................... * l b .
613 .6 61316 G3»
6 i h 6 613,0 67 8
B t r io t O r d i n a r y .................................
714
7 3 .6
7=8
G o o d O r d in a r y ................................... g i S
m’ ie
81®
8
S ! l0
25s
8 16
B t r io t G o o d O r d i n a r y ..................... 8 %
83s
8=8
8%
8 5 .6
§ ? l8
L o w M i d d l i n g ...................
8%
8%
813,0 834
834
811.6
B t r io t L o w M i d d l i n g ....................... 9
9
9
9
8 1 ’ 16
« i 18
M i d d l i n g ..............................................
9k
918
9 3 .6
9»16
^10
G o o d M i d d l i n g ................................... 919
913
9k>
9 0ie
912
9 7 l0
S t r i c t G o o d M id d lm s r..................... 9 1116 911 ,8 9 4 l
9 H , e 911,6 9 ^
M id d lin g F a i r .................................... 1 0 1 16 101,0 101s
1 0 1 ,6 1 0 1 16 1 0
F a ir .......................
1 0 1 ,6 1 0 7 ,0 1 0 k !
1 0 7 ,0 1 0 7 ,6 1 0 %
GULF.
S a t.
M on T oes
W ed
F r i.
T h .
O r d in a r y .................................... y ip .
71s
7 1 .0
7
7 li6
7 1 16
B t r io t O r d i n a r y .................................
7<2
7 .ie
7%
‘ he
f l o o d O r d i n a r y ................................... I - 18
85 .0
8%
§ 5 l0
8*16
8H
B t r io t G o o d O r d i n a r y . . . .........
8 » i0
8=8 • 8 H i0 l 4 8
8<fc
8=8
L o w M i d d l i n g ..................................... 9
9
9
9
9*10
9 J S‘ 0
B t r io t L o w M i d d l i n g .........
9H
91t
914
9k
^% 8
M id d li n g ...........................................
l i f
9 »
9 7 ,0
9 ? ie
9 1 .6
G o o d M id d li n g ................................... 2 I » 8
93i
9%
934
9%
911 ,0
Bt lo t G o o d M i d d l i n g ............
91B, 6 91516 1S 1316 916,6 916.6 9 7s
M id d lin g F a i r ..................................... 1 0 6 ,0 1 0 5 ,0 103s
1 0 > ,0 1 05 .0 I O 14
F a i r . . . . .................................................. 101 11fi 101 1,6 1 0 ^
101 1,0 1011.0 10=8
S T A IN E D .
S a t.
U o o d O r d i n a r y ....................... « lb .
S t r i c t G o o d O r d i n a r y ___ __ _
l o w M l d d l i n g .................................
M M d ll n v .................
M on T oes
65 .0
615.0
7 i» i0
84,
61^8
T li.
F r l.
I Z "
W ed
6*8
7
7*8
-6 I 4
6 7e
734
8 U 10
713,0
8%
MARKET AND SALES,
The total sales of cotton on the spot and for futuro 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 MAHKET
CLOSED.
B a t’ d a y J s t e a d y a t l i e ad.
M o n d a y E a s y ................
T u esd ay E a sy a t ije adv.
W e d ’ d a y E a s y a t i 16 d e c .
T h u r ’ d ’ y E a s y ...............
F r i d a y . . Q u ie t a t i , e d e c .
SALES OP SPOT AND
CONTRACT.
E x - I O o n - 8pec-\ O o n p o r t . 1t u m p . u vV n\ tr a c t.
1,500
1,843
2 ,3 6 2
174
80
357
101
106
125
to ta l.
S a le s o f
F u tu r e s .
600 2,274
100 2,023
357
2,463
106
500
625
45,300
175.500
198,300
147.500
114,830
192,00©
7,848
873.400
4*>
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b e r , 8 7 9 ,9 0 C ; S e p t e m b e r - D e c e m b e r , f o r D e c e m b e r . 1 .9 .1 1 ,5 0 0 ; S e p t e m
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a r y , 3 ,0 1 4 ,0 0 0 .
The following exchanges have been made daring the week;
•20 p d . t o e x c l i . 5 0 0 M c b . f o r J u n e .
•07 p d . t o e x c l i. 1 0 0 J u n e f o r J u ly .
•10 p d . t o e x c l i . 3 ,0 0 0 A p r . f o r M a y .
*09 p d . t o e x c l i. 2 0 0 J u u e f o r A u g .
*17 p d . t o e x c l i. 1 ,0 0 0 A p r . f o r J ’ ue.
•22 p d . t o e x c l i. 6 0 0 M c li. f o r J ’ n e .
*08 p d . t o e x c h . 8 0 0 M a y f o r J u u e .
•18 p d . to e x c l i. 1 ,7 0 0 A p r . f o r J ’ n e .
*18 p d . t o e x c h . 4 0 0 M c b . f o r M a y .
28
•19
•30
•15
•10
•J8
•02
•09
•08
p<I.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
pd.
to
to
to
to
to
to
to
to
to
e x c li.
e x c li.
exch .
exch .
e x c l i.
excb.
exch .
excb.
excb.
200
100
500
100
10 )
500
100
100
100
M cb . fo r J u n e .
M cb. fo r M a y .
A p r. fo r A u g .
M cb. fo r M a y .
A p r. fo r M ay .
J u u e fo r J u ly .
M a y f o r O ct.
M ay fo r Jun e.
M ay fo r J u n e.
T he V isible S u pply of cotton 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,
the sales and t'ttioKB or F u t u is s are shown by the and consequently all the European figures are brought down
fallowing comprehensive table:
to Thursday evening. But to make tne totals the complete
T e f a l ..............
THE CHRONICLE.
422
figures for to-night (Mch. 10), we add the item of exports from
the United States, including in it the exports of Friday only.
1893.
1892.
1891.
1890.
S t o o k a t L i v e r p o o l ...........b a l e s . 1 ,6 6 0 ,0 0 0 1 , 7 1 9 ,0 0 0 1 ,1 4 4 ,0 0 0 1 ,0 7 5 ,0 0 0
'{Stock a t L o n d o n _____. . . . . . . . . .
5 ,0 0 0
6 ,0 0 0
1 7 ,0 0 0
1 7 ,0 0 0
T o t a l G r e a t B r i t a i n s t o c k . 1 , 6 6 5 ,0 0 0 1 , 7 2 7 ,0 0 0 1 ,1 6 1 ,0 0 0 1 ,0 9 2 ,0 0 0
2 ,3 0 0
4 ,4 0 0
2 ,5 0 0
1 3 ,5 0 0
S t o c k a t H a m b u r g .........................
1 3 4 .0 0 0
1 4 8 .0 0 0
1 3 9 .0 0 0
1 8 9 .0 0 0
S t o c k a t B r e m e n .............................
7 .0 0 0
2 0 ,0 0 0
1 6 ,0 0 0
2 5 .0 0 0
S t o o k a t A m s t e r d a m . . . ..............
300
400
200
400
S t o c k a t B o t t e r d a m ....... .............
6 .0 0 0
8 ,0 0 0
5 .0 0 0
7 ,0 0 0
■St o o k a t A n t w e r p ...........................
1 6 5 .0 0 0
2 3 2 .0 0 0
3 2 4 .0 0 0
4 2 1 .0 0 0
S t o o k a t H a v r e .................. ..............
3 ,0 0 0
7 ,0 0 0
9 .0 0 0
1 0 ,0 0 0
S t o o k a t M a r s e il l e s ........................
9 6 .0 0 0
8 6 ,0 0 0
9 5 .0 0 0
9 8 .0 0 0
S t o c k a t B a r c e l o n a .......................
2 0 .0 0 0
1 0 ,0 0 0
1 4 .0 0 0
1 6 .0 0 0
S t o o k a t G e n o a ................................
1 3 ,0 0 0
1 6 ,0 0 0
1 4 .0 0 0
1 1 ,0 0 0
S t o o k a t T r i e s t e ........... ..................
X o t a l C o n t i n e n t a l s t o o k s .........
7 8 1 ,7 0 0
6 2 7 ,9 0 0
5 3 1 ,8 0 0
4 4 6 ,6 0 0
T o t a l E u r o p e a n s t o o k s . . . . 2 ,4 4 6 ,7 0 0 2 ,3 5 4 ,9 0 0 1 ,6 9 2 ,8 0 0 1 ,5 3 8 ,6 0 0
2 0 6 ,0 0 0
1 5 6 .0 0 0
8 0 ,0 0 0
1 0 6 ,0 0 0
I n d ia c o tto n a flo a tfo r E u ro p e .
3 2 4 ,0 0 0
4 6 7 .0 0 0
2 2 6 ,0 0 0
4 3 9 ,0 0 0
A m e r .c o t t ’n a flo a tfo r E u ro p e .
3 1 ,0 0 0
4 8 ,0 0 0
4 0 ,0 0 0
4 3 ,0 0 0
E g y p t ,B r a * i l ,& c ., a f l t f o r E ,r ’ p e
4 5 4 ,7 8 3
9 1 0 ,9 8 2 1 ,2 0 1 ,1 5 0
6 8 9 ,1 1 3
S t o o k i n U n it e d S t a t e s p o r t s . .
1 8 8 ,9 7 2
3 7 3 ,2 2 8
4 1 9 ,0 3 8
4 7 9 ,3 9 3
S t o o k i n U , S. i n t e r i o r t o w n s . .
2 0 ,0 7 2
1 7 ,0 9 5
2 5 ,2 8 6
1 3 ,1 9 8
D n lt o d S ta te s e x p o r t s t o -d a y .
T o t a l v i s i b l e s u p p l y .............4 ,1 4 8 ,0 0 6 4 ,6 3 6 ,6 4 1 3 ,4 4 3 ,2 3 6 2 ,7 6 3 ,4 2 7
O f t b e a b o v e , t h e t o t a l s o f A m e r i c a n a n d o t h e r d e s c r ip t i o n s a r e a s fo l l o w s :
A m erica n —
L i v e r p o o l s t o o k ................. b a l e s . 1 ,4 0 9 ,0 0 0 1 ,4 6 9 ,0 0 0
8 4 0 ,0 0 0
8 4 9 ,0 0 0
O o n t in e n t a ls t o o k s .........................
6 7 8 ,0 0 0
5 2 0 ,0 0 0
4 1 9 ,0 0 0 3 5 3 ,0 0 0
A m e r i c a n a f lo a t f o r E u r o p e . . 2 2 6 ,0 0 0 4 3 9 ,0 0 0
4 6 7 ,0 0 0 3 2 4 ,0 0 0
U n i t e d S t a t e s s t o o k .......................
9 1 0 ,9 8 2 1 ,2 0 1 ,1 5 0
6 8 9 ,1 1 3 4 5 1 ,7 8 3
U n lt e d 8 ta te s in t e r io r s t o o k 8 .4 1 9 ,0 3 8
4 7 9 ,3 9 3
3 7 3 ,2 2 8 1 8 8 ,9 7 2
U n lt e d S t a t e s e x p o r t s t o -d a y .
2 5 ,2 8 6
1 3 ,1 9 8
1 7 ,0 9 5
2 0 ,0 7 2
T o t a l A m e r i c a n ....................... 3 ,6 6 8 ,3 0 6 4 ,1 2 1 ,7 4 1 2 ,8 0 5 ,4 3 6 2 ,1 8 9 ,8 2 7
M ast I n d i a n , B r a z i l , <tc.—
L i v e r p o o l s t o o k ...............................
2 5 1 ,0 0 0
2 5 0 ,0 0 0 3 0 4 ,0 0 0 2 2 6 ,0 0 0
L o n d o n s t o o k ......................
5 .0 0 0
8 ,0 0 0
1 7 ,0 0 0
1 7 ,0 0 0
O o n t i n e n t a l s t o o k s .......................
1 0 3 ,7 0 0
1 0 7 ,9 0 0
1 1 2 ,8 0 0
9 3 ,6 0 0
I n d i a a f lo a t f o r E u r o p e ...............
8 0 ,0 0 0
1 0 6 ,0 0 0
1 5 6 ,0 0 0
2 0 6 ,0 0 0
E g y p t , B r a z i l , A c . , a f l o a t ..........
4 0 ,0 0 0
4 3 ,0 0 0
4 8 ,0 0 0
3 1 ,0 0 0
T o t a l E a s t I n d i a , A c .............
4 7 9 ,7 0 0
5 1 4 ,9 0 0
6 3 7 ,8 0 0
T o t a l A m e r i c a n ....................... 3 ,6 6 8 ,3 0 6 4 ,1 2 1 ,7 4 1 2 ,8 0 5 ,4 3 6
T o t a l v i s i b l e s u p p l y ................ 4 , 1 4 9 ,0 0 6 4 ,6 3 6 ,6 4 1 3 ,4 4 3 ,2 3 6
P r i c e M id . U p l., L i v e r p o o l ____
5 iie d .
3 i : 16d .
4 it i« d .
P r i o e M id . U p l . , N e w Y o r k ------9* 80 .
6 r i i 8o.
g o S . i s 's g s e s s r i g
”
“ S»
gSSg m o p
B t
2 eP S
K fcgE llStS S g f l PCT5O
p
®B w— ’e-S BS T
B
.C
£ n
H fl
B®
p C - 0*g’l . * ' £ *5 © P H ® ® > B ® g - ss
*
®- * B ® ? " ®
•
:
» ^ 5 *-^ ® <>t W- Q* O o '55: P : p g g t i ® » ® ® .
J
S .
H“ P P
P .S C :I S P
2
.
D 5
*• • o 'M O
• 3*
“
PB :
. . cb» 0 > 0 9 W * * * ' O
•
3;
-
H
o
o ?
. p
for
Middling C otton
at o t h e r
Ma rk ets ,—
Below we give closing quotations of middling cotton at Southemand other principal cotton markets for eat,it day ofth- week.
CLOSING ^DOTATIONS FOB MIDDLING COTTON ONM arch, 1 0 . '
S a tu r .
G a l v e s t o n . ..
N e w O r le a n s
M o b ile ............
S a v a n n a h ...
C h a r le s t o n ..
W i lm i n g t o n .
N o r f o l k ..........
B o s t o n ..........
B a l t i m o r e . ..
P h ila d e lp h ia
A.ugn 8t a . . . .
M e m p h is ___
8 t. L o u i s ___
H o u s t o n ___
C in c in n a ti..
L o u is v ille ...
W ed n e s .
9
9
T K urs.
F r i.
9
9
8®r
T u es.
M ion.
9
8>51r
8 '3 l6
81318
9
8%
9
9*6
93s
9=8
9
9
9>16
9
9t»
938
9
9
8®e
8 1 5 ,8
9 ® 9 is
83,
9 lw
9 316
9L ,
9=8
9
9 'i 6
9%
9
9>4
9%
9
9
9
8®s
8 « i6
9*8
83,
9 'i e
8 1 5 ,6
9
8%
9
9 '1 6
9 is
9%
9
9 ‘ ifi
9 'i e
9
9H
93s
918
83,
She
9*4
9 i*
95g
9
^ 116
9*8
9
9U
938
9h!
9®8
9
9 '1 6
9 ' 18
9
9*4
93a
815I8
8 78
8 16 ,6
9 5 -9 %
83,
9316
913
9^8
9
9 1 ,6
9116
9
9H
9%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
A t l a n t a ________
C o lu m b u s , G a .
C o lu m b u s , M is s
E u fa u la .............
83,
8%
«3fi
8%
L it t le R o o k . . . .
M on tg om ery . .
N a s h v i l l e ...........
N a t c h e z ..............
83,
8%
9
8 13 ,6
8%
8 '' r
83,
8%
N e w b e r r y ___ _
R a l e i g h ...............
S e l m a ..................
S h r e v e p o r t ____
R eceipts F rom the P lantations .—The following table
Indicates the actual movement each week from the plantations,
The figures do not include overland receipts nor Southern
consumption; they are simply a statement of the weekly
movement from the plantations o f that part of the crop which
finally reaches the market through the outports.
W eek
Mnd%ng—
3......
" 10......
5 7 3 ,6 0 0
2 ,1 8 9 ,8 2 7
“ 17......
“ 24......
2 ,7 6 3 ,4 2 7
Mch. 3......
6 b ,d .
9 o . 11T1“ . 10 . . ..
bo
E f The imports into Continental ports the past week have
been 63,000 bales.
The above figures indicate a decrease in the cotton in sight
(to-night of 498,635 bales as compared with the same date
Of 1892, an increase of 704,770 bales as compared with the
Borresponding date of 1891 and an increase of 1,384,579 bales,
as compared with 1890.
A T t h e I n t e r i o 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 1891-92—is set out in detail in the
following statement.
fs -5 5 K £ H H W t"'l-lQWSS
Quotations
[V ol . LVI.
F eb .
R eceip t e a t th e P o r te . St’ k a t In te rio r Tow ns. R ec'p te fr o m P la n V n e .
1891.
1892.
1893.
1891.
1892.
1893.
1891.
1892.
1893.
160,848
135,735
121.254
126,896
112,579
87.541
166,548
182,983
145,681
142,668
119,758
93.396
86,863
81,163
68,920
65,496
65,041
55,575
441,363
428,119
419,837
410,667
396,427
373.228
565,276
558,815
548,755
522,746
499,067
479,393
449,734
448, L57
441,594
433,894
437,078
419,038
151,790
122,491
115,972
117,726
98,339
64,342
155,571
176,522
135,621
116,659
96,079
73,722
91,077
79,680
62,857
02,796
59,225
41,535
The above statement shows: 1.—That the total receipts from
the plantations since Sept. 1, in 1892-93, are 4,694,870 bales; in
1891-92 were 6,709,602 bales; in 1890-91 were 6,368,170 bales.
2.—That, although the receipts at the outports the past week
were 55,575 bales, the actual movement from plantations was
only 41,535 bales, the balance being taken from tbe stocks at
the interior towns. Last year the receipts from the plantations
for the week were 73,722 bales and for 1891 they were
64,342 bales.
Overland M ovem ent for
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 Mch. 10
and since Sept. 1 in the last two years are as follows:
►: :
pi :
1 8 9 1 -9 2 .
1 8 9 2 -9 3 .
M a r c h 10.
H lC H W lO W H it. ICbO C M C tO lO MM if-M H lO O MMfCW
*
C
“-3C © G © M M © © M C C M O. C --1 © C W O' * © <1 © O' Oi -vl © © -'"J
D D
QC
O
n
-d
O i|^W ©©Co0CO'tCCie*O'tC|fc-y©©©O 'M ©©©^J©O <0CK>©©©
W e ek .
§ ^
S h ip p ed —
V i a S t. L o u i s ........................................
V i a C a i r o .........................................
V ia H a n n i b a l .......................................
V ia E v a n s v i l l e ....................................
V ia L o u i s v i l l e ......................................
V ia C i n c i n n a t i ....................................
V i a o i h e r r o u t e s , A c ........................
S ep t.
1.
W eek .
S ept.
1,
S tep ;
C00»t0tc<10 © C *0 M • © © C C © • tOOtaCOHO>0©MOu*03i{4
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©©tOCOM CO©<l©©tO. CC©Oi©tO' CCCD 'JOO ClOH CCHCOH
to
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Ol'ip-Ci’V iV jb V b iO o ;
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___ __
R .m © © © & 0 Cl© t0^1o^<JM <J O l^Cl<lO»©
fr, iL A © 0rn on rr. © X '3 0 iC O © '3 r-© M tO ©
m
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£
S .
1 5 ,8 0 0
5 ,6 2 2
1 ,3 6 7
468
6 ,0 0 6
4 ,4 1 6
2 ,0 6 2
2 3 ,1 6 4
9 6 2 ,8 1 2
3 5 ,7 4 1 1 ,4 1 8 ,8 0 0
8 .9 3 4
216
563
1 9 5 .1 8 2
2 1 ,2 5 8
4 9 ,0 8 9
8 ,7 8 6
2 ,2 4 8
1 ,2 0 4
3 0 4 ,3 1 3
5 2 ,5 8 8
7 0 ,8 1 0
T o t a l t o b e d e d u c t e d ...................
-” s
co
3 4 0 ,9 5 7
1 6 5 ,7 5 7
1 3 5 ,6 0 3
1 3 ,6 5 7
9 9 ,1 3 8
7 7 ,1 3 4
1 3 0 ,5 6 6
9 ,7 1 3
2 6 5 ,5 2 9
1 2 ,2 3 8
4 2 7 ,7 1 1
L e a v in g t o t a l n e t o v e r la n d * . .
CO©Osa&OJtCtCMOiCDM<]N>Ot©©OCO^bCaOMOMCO-X)OiCX>CCCOM
^ to © © o C © C O' W © <1 C © © O' © M © m 10 <1 -1 O' © O' © C 00 © ©
O
D
/0
O
C0O00WQD-gc»00©O10D05©aOt©C0MC0C000^O;tfk.(M -‘ ©M M M 00
1 3 ,6 2 6
3 ,4 9 6
792
52
1 ,6 2 1
1 ,3 6 2
2 ,2 1 5
1 3 ,4 5 1
6 9 7 ,2 8 3
2 3 ,5 0 3
9 9 1 ,0 8 9
T o t a l g r o s s o v e r l a n d ...................
D e d u c t sh ip m e n ts —
O v e r l a n d t o N . Y . , B o s t o n , <fec..
B e t w e e n I n t e r io r t o w n s ...............
I n l a n d , & c . , f r o m S o u t h ...............
5 1 7 ,8 3 2
3 0 4 ,5 9 5
1 5 2 ,3 9 1
3 1 ,7 9 1
1 6 0 ,6 9 5
1 1 2 ,8 6 5
1 3 8 ,6 3 1
I n c lu d in g m o v e m e n t b y r a il to C a n a d a .
co w © © - i m to
vioioiiD M ^ .o c © c o < jo i< tb o © to < i©
O -*3© © © C <1 © M © rf* M ©00 r . M O
S
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fk
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5
©OiCC©COO'CCCOtOMCOOt<XO>©©CO©Xtt-MaoCO<lCO*']bOCOO'M©
The foregoing shows that the week’s net overland movement
this year has been 13,451 bales, against 23,503 bales for the
week in 1892, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 293,806 bales.
i f
to©
M
M
M
©
-!^lpa>f*©MtOtOt- l tOCOMOO-‘ COIOCO<J©tO<JCO©©Oi©*J<|
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.
r.
1 8 9 2 -9 3 ,
I n S ig h t a n d S p in n e r s '
T a k in g s .
to
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j
^
,
W e ek .
1 8 9 1 -9 2 .
S in c e
\
,
S ep L y .
W eek .
S in c e
SepL x
s h :
-
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MW M m
mm
to M M to
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■ L o u is v i ll e rtgu res • n e t ” in b o t h y e a r s ,
•
t T h is y e a r ’ s fig u r e s e s t im a t e d .
The a b o v e t o t a l s s n o w t h a t cue interior stocks h a v e d e c r e a s e d
R e c e i p t s a t p o r t s t o M a r c h 1 0 ___
N e t o v e r l a n d t o M a r c h 1 0 ...............
S o u th e rn c o n s u m p tio n to M ch . 10
5 5 ,5 7 5 4 ,4 0 3 ,9 6 6
1 3 ,4 5 1
6 9 7 ,2 8 3
1 6 ,0 0 0
4 3 6 ,0 0 0
T o t a l m a r k e t e d ..............
I n t e r io r s t o o k s i n e x c e s s .
8 5 ,0 2 6 5 ,5 3 7 ,2 4 9 1 3 1 ,8 9 9 1 7 ,6 8 4 ,2 2 7
2 9 0 ,4 0 4 * 1 9 ,6 7 4 [ 4 2 3 ,4 6 4
1 4 ,0 4 0
C a m e in t o s ig h t d u r in g w e e k .
T o t a l i n s i g h t M a r c h 1 0 .............
N o r t h ’ n s p i n n e r s t a k ’ g s t o M ’ h .1 0
9 3 ,3 9 6 6 ,2 8 6 ,1 3 8
2 3 ,5 0 3 , 9 9 1 ,0 8 9
1 5 ,0 0 0
4 0 7 ,0 0 0
5 ,8 2 7 ,6 5 3
1 1 2 ,2 2 5 j_
8 ,1 0 7 ,6 9 1
..........
1 ,3 6 7 ,1 0 9
'1 ,7 0 7 ,5 2 9
7 0 ,9 8 6
during the week 14,040 bales, and are to-nigbt 60,355 bales
* D e c r e a s e d u r i n g w eek .
less than at the same period last year. The re< eipta at all the
It will be seen by the above that there has come into sight
towns have been 22,635 bales l e s s than the same week last during the week 70,986 bales, against 112,225 bales for the
year, and since Sept. 1 they are 1,112,873 bales l e s s than for the same week of 1892, and that the decrease in amount in sight
same time in 1891-92.
to-taight as compared with last year is 2,280,033 bales.
THE CHE0N1CLE.
W
fe w
R
e a t h e r
v ic e s fr o m
p o in ts
e p o r t s
th e S o u th
th e re
b y
T
e l e g r a p h
t h is e v e n in g
has
been
ra th e r
.— O u r
to o
m u ch
w e e k , p r e p a r a t io n s f o r t h e n e x t c r o p h a v e
a s a r u le .
lo w
in
a
In
th e e a r ly
n u m b er
of
p a rt o f
d is t r ic t s
th e
b ut
t e le g r a p h ic
ad
in d ic a t e t h a t , a lt h o u g h a t a
r a in
d u r in g
th e
m a d e g o o d p ro g re ss
w e e k th e te m p e ra tu re
la t t e r ly
m o re
w as
s e a s o n a b le
w e a t h e r h a s p r e v a ile d .
week, to the extent of two inches and seventy-nine hun
dredths. The thermometer has averaged 61, the highest be
ing 77 and the lowest 26.
Columbus, Georgia,—We have had rain on two days o f the
week, to the extent of one inch and fifteen hundredths. The
thermometer has averaged 54, ranging from 30 to 73.
Savannah, Georgia.—Rainfall for the week seventy-three
hundredths of an inch, on three days. The thermometer has
ranged from 26 to 78, averaging 54.
Augusta, Georgia. — The present good weather enables
planters to begin to prepare lands for planting. It rained on
three days in the early part of the past week, the rainfall
reaching one inch and sixty-six hundredths. Average ther
mometer 51, highest 76, lowest 23.
Charleston, South Carolina.—W e have had rain on three
days of the week, to the extent of fifty-six hundredths of an
inch. The thermometer has averaged 54.
Stateburg, South Carolina.—Peach and plum trees are in
bloom. It has rained on three days of the week, the precipi
tation reaching forty-nine hundredths of an inch. The ther
mometer has averaged 55 6, ranging from 35 to 72-7.
Wilson, North Carolina.—Telegram not received.
The following statement we have also received by telegraph
mowing the height of the rivers at the points named at 3
yclock March 9, 1893, and March 10, 1892.
Mc/i. 9 , ’ 9 3 .
M th . 1 0 , ’ 9 2
t'e.ts.
1 2 -2
17*2
1 0 -9
9*9
315
F eei.
1 3 -6
3 0 -6
u i
16*0
41*7
N ew O r l e a n s ___
M e m p h i s . . / . ____
N a s h v i l l e .............
S h r e v e p o r t ........... ........ A b o v e l o w - w a t e r m a r k .
V ic k s > ur«............. ........ A b o v e l o w - w a t e r m a r k .
unua C o t t o n M o v e m e n t f r o m a l l P o r t s . —The receipts
and ripments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to March 9.
BOMBAY RECEIPTS ANB SHIPMENTS FOR FOUR Y EARS.
S h ip m e n ts th is w e e k .
fe a r
G re a t O o n liB r iV n . n e n t .
S h ip m e ? its s i n c e S ep t. 1.
G rea t
T o ta l. B r i t a i n
C o n tin e n t.
T o ta l.
2 5 9 ,0 0 0
1 9 1 ,0 0 0
3 0 6 ,0 0 0
3 9 6 ,0 0 0
’9 2 -3
9 ,0 0 0 9 ,0 0 0 1 0 ,0 0 0
’ 91-2 _____ 3 * .0 0 0 3 3 ,0 0 0 1 5 ,0 0 0
’ 90-1
3 2 ,0 0 0 3 2 ,0 0 0 2 7 ,0 0 0
’ 9 -9 0 1 5 ,0 0 0 1 6 ,0 0 0 3 1 ,0 0 0 1 1 9 ,0 0 0
R eceip ts.
2 6 9 ,0 0 0
2 0 6 ,0 0 0
3 3 3 ,0 0 0
5 1 5 ,0 0 0
T h is
W e ek .
S in c e
S ep t. 3.
4 0 .0 0 0
6 3 0 ,0 0 0
5 6 ,0 0 0
5 6 5 ,0 0 0
9 9 ,0 0 0
9 6 4 ,0 0 0
6 6 ,0 0 0 1 ,0 2 7 ,0 0 0
According to tne foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
16,000 bales and a decrease in shipments of 24,000 bales, and
the shipments since Sept. 1 show an increase of 63,000 bales,
The movement at Calcutta, Madras, and other India ports for
the last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
S h ip m e n ts f o r th e w ee k .
G rea t
B r ita in .
C a lc u t t a —
1 8 9 2 -9 3 ...
1 8 9 1 -9 2 ...
M ad ras1 8 9 2 -9 3 ...
1 8 9 1 -9 2 ...
All o t h e r s 1 8 9 2 -9 3 ...
1 8 9 1 -9 2 ...
for.a t a ll
1 8 9 2 - 9 3 ...
1 8 9 1 -9 2 ,..
S h ip m e n ts s i n c e S ep t. 1.
G rea t
B r ita in .
T o ta l.
C o n tin e n t.
T otal.
o o
o o
o o
Galveston, Texas.—There have been showers on three days
of the week, the rainfall being thirteen hundredths of an
inch. Average thermometer 58, highest, 76 and lowest 39.
Falestine, Texas.—We have had fine rains on two days of
the week, to the extent of one inch and sixty three hun
dredths. The thermometer has averaged 50, the highest being
88 and the lowest 24.
Huntsville, Texas.—Dry weather has prevailed all the week.
The thermometer has averaged 56, ranging from 34 to 79.
Dallas, Texas.—The recent cold snap did not damage fruit
nor anything else. The cotton-acreage convention meets in
Austin to-day. We have had one shower the past week, to
the extent of nine hundredths of an inch. The thermometer
has ranged from 20 to 78, averaging 49.
San Antonio, Texas.—There have been splendid rains on
three days of the week, the rainfall being one inch and
eighty-six hundredths. Average thermometer 60, highest 86
and lowest 34.
Luling, Texas.—There have been showers on two days o f
the week, the precipitation being eight hundredths of an
inch. The thermometer has averaged 59, the highest being
86 and the lowest 32.
Columbia, Texas.— It has been showery on one day of the
week, the precipitation reaching twelve hundredths of an
inch. The thermometer has averaged 63, ranging from 40
to 86.
Cuero, Texas.—One good shower the past week, the rainfall
reaching seven hundredths of an inch. The thermometer
has ranged from 34 to 88, averaging 61.
Brenham. Texas.—There has been magnificent rain on two
days of the week, the rainfall being one inch and sixty-six
hundredths. Average thermometer 58, highest 83 and low
est 32.
Belton, Texas.—W e have had one shower during the week,
the precipitation reaching sixteen hundredths of an inch. The
thermometer has averaged 50, the highest being 81 and the
lowest 20.
Fort Worth, Texas.—There have been splendid rains this
week throughout West and Northwest Texas and the Pan
handle, inducing great rejoicing. The week’s rainfall here
has been twenty-eight hundredths of an inch, on one day.
The thermometer has averaged 48, ranging from 18 to 79.
Weatherford, Texas.—W e have had dry weather all the
week. The thermometer has ranged from 34 to 70, averaging 47.
New Orleans. Louisiana.—It has rained on one day during
the week, to the extent of forty-five hundredths of an inch.
Average thermometer 58.
Shreveport, Louisiana.—Black fro t occurred on the fourth
and fifth, but did no damage to fruit trees. There has been
rain on two days of the week, the precipitation reaching two
inches and thirteen hundredths. The thermometer has aver
aged 55, the highest being 84 and the lowest 28.
Columbus. Mississippi.—Farm operations are progressing
favorably. It has rained on one day of the week, the rainfall
being fifty-two hundredths of an inch. The thermometer has
averaged 52, ranging from 19 to 78.
Leland, Mississippi.—Rainfall for the week seventy-seven
hundredths of an inch. The thermometer has ranged from 24
to 71, averaging 53 6
Little Rock, Arkansas.—It has rained on three days of the
week, the rainfall reaching two inches and ten hundredths.
Tne thermometer has averaged 46-4, the highest being 77 and
the lowest 16.
Helena, Arkansas.—Farmers expect to increase the area
under corn. It has rained heavily on two days of the week,
the precipitation reaching one inch and ninety-five hun
dredths. The thermometer has averaged 47, ranging from
18 to 70.
Memphis, Tennessee.—There has been rain on four days of
the week, the precipitation reaching i iuety-seven hundredths
of an inch. The weather is now clear and warm. Snow and
sleet fell on Friday night last. The thermometer has ranged
from 16 to 74 8, averaging 48 2.
Nashville, Tennessee.—It has rained on four days of the
past week, the rainfall reaching seventy-six hundredths of an
inch. Average thermometer 45, highest 70, lowest 12.
Mobile, Alabama.—Planting preparations are making good
progress. There has bf en rain during the week to the extent
of thirty two hundredths of an inch on three days. The
thermometer has averaged 53, the highest being 73 and the
lowest 27,
Montgomery, Alabama.—Rain has fallen on three days of
the week, the precipitation reaching one inch and nineteen
hundredths. 1 he thermometer has averaged 53, ranging from
42 to 64.
Selma, Alabama.—W e had a hail-storm, with high wind,
last Friday night. Rainfall for the week two inches and six
hundredths, on two days. Tne th rmometer has ranged from
24 to 77, averaging 50.'
Auburn.. Alaba na.—The week’s rainfall has been one inch
and thirty hundredths. Average thermometer 50, highest 74
and lowest 20 5.
Madison, Florida.—Rain has fallen on three days of the
42 a
1 !
March 11, 1898.]
1 4 .0 0 0
2 1 .0 0 0
1 8 ,0 0 0
2 5 ,0 0 0
1 3 ,0 0 0
1 7 ,0 0 0
......
7 ,0 0 0
1 1 ,0 0 0
2 0 ,0 0 0
2 8 ,0 0 0
1 ,0 0 0
3 ,0 0 0
2 1 ,0 0 0
2 1 ,0 0 0
2 9 ,0 0 0
4 1 ,0 0 0
5 0 .0 0 0
6 2 ,0 0 0
1 ,0 0 0
3 ,0 0 0
_____
1 .0 0 0
3 ,0 0 0
1 ,0 0 0
3 ,0 0 0
3 8 ,0 0 0
4 2 ,0 0 0
5 0 ,0 0 0
7 3 ,0 0 0
88 00 0
1 1 5 ,0 0 0
The above totals for the week show that the movement from
the ports other than Bombay is 2,000 bales less than the same
week last year. For the whole of India, therefore, the total
shipments since September 1, 1892, and for tiie corresponding
periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM AI.L INDIA
1 8 9 1 -9 2 .
1 8 9 2 -9 3 .
S h ip m e?its
<o a l l E u r o p e
fro m —
T h is
w eek .
J o m b a y ..............
m o t h e r p orts.
9 ,0 0 0
1 ,0 0 0
T o t a l ............
1 0 ,0 0 0
S in c e
S ep t. 1 .
T h is
w eek .
S in c e
S ep t. 1 .
1 8 9 0 -9 1 .
T h is
w eek .
S in ce
Sept. 1.
2 6 9 .0 0 0
8 8 ,0 0 0
3 3 ,0 0 0
3 ,0 0 0
20 6 ,0 0 0
1 1 5 ,0 0 0
3 2 ,0 0 0
4 ,0 0 0
3 3 3 ,0 0 0
123 000
3 5 7 ,0 0 0 !
3 6 ,0 0 0
3 2 1 ,0 0 0
3 5,000
4 5 6 .0 0 0
Through arrange
ments we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
he movements of cotton at Alexandria, Egypt. The following
ire the receipts and shipments for the past week and for the
orresponding week of the previous two years.
Al e x a n d r ia
R e c e ip t s
4 lex a n d r ia , E g yp t,
M arch 8
and
S h i p m e n t s .—
1 8 9 2 -9 3
* * c e ip t s ( c a n t a r s * ) . . . .
T h is w e e k ___
S in c e S e p t . 1 .
5 0 ,0 0 0
4 , 9 6 0 ,0 0 0
T h is
w eek .
S in c e
S ep t. 1.
1
1 8 9 1 -9 2 .
|
|
!
1 8 9 0 -9 1
6 5 ,0 0 0
4 , 3 8 3 ,0 0 0
5 0 ,0 0 0
3 ,7 4 0 0 0 0
T h is 1 S in c e
T h is ; S in e t
w e e k . [S ept. 1. , w e e k . | ep t. 1 .
S
ffix;>orts( b a le s ) —
T o L i v e r p o o l ............... 1 0 ,0 0 0 2 7 8 ,0 0 0
r o C o n t i n e n t ............... 1 0 ,0 0 0 19 ’ ,0 0 0
6 ,0 0 0 2 7 5 ,0 0 0
1 0 ,0 0 0 1 5 2 .0 0 0
1
3 , 0 0 0 ,2 4 8 ,0 0 0
1 1 , 0 0 0 ,1 5 7 ,0 0 0
i o t a l E u r o p e ........... 2 0 ,0 0 0 4 7 3 .0 0 0
1 6 ,0 0 0 4 2 7 ,0 0 0
1 4 ,0 0 0 1 4 0 5 ,0 0 0
A o a n ta rtB 9 8
d ou u h b .
THE CHRONICLE.
42 ^
This statement shows that the receipts tor the week ending
March 8 were 50,000 cantars and the shipments to all Europe
30,000 bales.
M a n c h e s t e r M a r k e t . —Our report received by oable to-night
from Manchester states that the market continues firm for
both yarns and shirtings. The demand for China is improving.
W e give the prices for to-day below and leave those for
previous weeks of this and last year for comparison:
1892.
1893.
8*4
3 2 * O op .
T w ist.
d.
Feb. 3
“ 10 8%
“ 17 8M
“ 24 1 k m
M ob. 3 8%
« 1 0 'S %
8*8
O oW n
M id .
JJplds
lb s.
S h ir lin g s .
8. d .
8.
5 1 0»*® 7
5 10V @7
5 10»*® 7
5 101 ® 7
«
5 101 ®7
a
5 10**® 7
d.
@9
a>9
®9
®9
®9
®9
d.
51
*
4 i*
5
5M
d.
5-16
4 78
4 l5 ie
5 1 ,«
41&16
5 li6
8 *4 lbs.
S h ir tin g s .
3 2 * O op.
T w ist.
d.
6 9 ts
630
6 5 ,6
6 9ie
6%
6 'if t
d.
® :* B
@ 7*4
® 7M
8.
5
5
0
5
5
@ 7 *8
® 7 1 i« 5
d.
?. d .
5 ® 6 10
3 ® 6 8ks
2 ® 6 7h>
li* ® 6 7
1 ®6 6
5
OotVi
M id
JJpld
d
3 i° u s
3 i* u
3%
3^16
33 a
3U W
J u t e B u t t s , B a g g i n g , & u — The demand for jute bagging
has been very light during the past week, but prices are nom
inally unchanged. Jute butts are in only moderate demand
at lj^c. for paper grades and 3c. for bagging quality.
E f f o r t s t o D e c r e a s e C o t t o n A c r e a g e i n T e x a s . —In our
issue of February 35th on page 341 we published in full the
circular sent out by Mr. John E. Hollingsworth, Commissioner
of Agriculture of Texas, calling a convention at Austin for
to-day(March 10) for the purpose of bringing about a decrease
in cotton acreage. What the outcome of the deliberations of
that convention will be it is of course impossible as yet to say,
but a valued and thoroughly reliable correspondent gives some
interesting information on the subject in the following com
munication received this morning. For obvious reasons loca
tion and name are omitted.
M a r o li 7 , 1 8 9 3 .
C o m m e r c ia l a n d F i n a n c i a l C h r o n i c l e :
D e a r S i r s —Y ou h a v e a l r e a d y c o m m e n t e d u p o n t h e f a c t t h a t H o n .
J o h n E . H o ll i n g s w o r t h , C o m m is s io n e r o f A g r i c u l t u r e o f t h e S t a t e o f
T e x a s , h a s c a l le d a c o n v e n t i o n o f c o t t o n p l a n t e r s a n d o t h e r s in t e r e s t e d
t o m e e t in A u s t in o n t h e 1 0 th in s t ., w it h a v i e w o f t r y i n g t o e n c o u r a g e
a r e d u c e d a c r e a g e in c o t t o n .
T h is m o v e m e n t h a s t h e w a r m a p p r o v a l o f a ll c o t t o n e x c h a n g e s ,
c o tto n fa c to r s , o o tto n b u y e r s , c o t t o n b r o k e r s , g e n e r a l m e r ch a n ts ,
b a n k e r s , S t a t e o ffic e r s , a n d i n d e e d o f e v e r y c 'a s s i n t h e c o m m u n it y
e x c e p t tw o.
T h e e x c e p t i o n s a r e , fir s t , t h e r a ilr o a d s a n d r a i lr o a d p e o p l e , w h o w ill,
o f c o u r s e , l o s e th e p e r b a l e a g e f r e i g h t o n th e r e d u c e d p r o d u c t i o n ; a n d ,
s e c o n d , ( s t r a n g e t o s a y ) , th e f a r m e r s t h e m s e lv e s . T h e y a r e v e r y l u k e
w a r m in t h e m a t t e r , a n d i n d e e d s h o w a d i s p o s it i o n t o r e s e n t t h e m o v e
m e n t a s a n im p e r t i n e n t i n t e r f e r e n c e in t h e i r p r i v a t e a ffa ir s .
I t Is i m p o s s i b l e t o s u r m is e w h a t in flu e n c e s a id c o n v e n t i o n w i l l b e a b le
t o e x e r t . I t w il l d o u b t le s s , w it h u n a n im it y , p a s s v e r y c o g e n t a p p e a ls
t o th e fa r m e r s on th e s u b je c t, b u t as th e la tte r a r e h o ld in g a lo o f a n d
e it h e r c lo s i n g t h e ir e a r s o r r e s e n t in g t h e i n t e r f e r e n c e , th e r e s u lt is v e r y
d o u b tfu l.
Y o u w i l l b e a r i n m in d t h a t , e v e n i f e v e r y f a r m e r s h o u ld r e d u c e h is
a c r e a g e b e l o w t h a t o f la s t y e a r , i t w o u ld n o t n e c e s s a r il y r e s u l t in a r e
d u c e d a c r e a g e f o r t h e S t a t e , f o r th e s im p le r e a s o n t h a t i n W e s t a n d
N o r t h w e s t T e x a s a n d th e P a n h a n d l e t h e r e w il l in th e a g g r e g a t e b e
m a n y t h o u s a n d s o f a c r e s p l a n t e d in c o t t o n t h is y e a r in c o u n t ie s w h e r e
n o t a s in g le s t a lk o f c o t t o n h a s e v e r b e e n p l a n t e d h e r e t o f o r e a n d i n
d e e d w h e r e n o t h i n g e ls e h a s e v e r b e e n p la n t e d . T h is i n c r e a s e d a c r e a g e
f o r v i r g in s o li n e v e r b r o k e n u p b e f o r e w il l h e v e r y l a r g e in a g g r e g a t e
t h o u g h v e r y s m a ll in d e t a il— T e x a s b e i n g a n E m p ir e .
fVoL LA I
,
S h ip p in g N e w s .— T h e e x p o r ts o f c o t to n f r o m th e U n ite d
S ta tes th e p a st w e e k , as p e r la tes t m a il re tu rn s, h a v e r e a c h e d
8 7 ,4 9 2 b a l e s .
S o fa r as th e S o u th e rn p o rts a re c o n c e r n e d , th ese
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in
t h e C h r o n ic l e la s t F r id a y .
W ith reg a rd to N e w Y o r k w e
in c lu d e t h e m a n ife s t s o f a ll v e s s e ls c le a r e d u p t o T h u r s d a y .
T o ta l b a les.
N e w Y o r k —T o L i v e r p o o l , p e r s t e a m e r r o v i c , 4 , 3 2 1 ......................
4 ,3 2 1
T o H u ll, p e r s t e a m e r F r a n c i s c o . 2 ,8 5 2 .............................................
2 ,8 5 2
T o L o n d o n , p e r s t e a m e r M a s s a c h u s e t t s 1 0 0 .................................
100
T o H a v r e , p e r s t e a m e r L a G a s c o g n e , 1 , 1 0 8 ...................................
1 ,1 0 8
T o B r e m e n , p e r s t e a m e r A l l e r , 6 0 0 .................................. .
...
600
T o H a m b u r g , p e r s t e a m e r s S c a n d ia , 8 1 4 ___ S u e v ia , 1 ,0 0 0
----- T a o r m in a , 6 0 0 ....................................................................... ................
2 ,4 1 4
T o R o t t e r d a m , p e r s t e a m e r V e e n d a m , 4 0 1 .................. . . ..............
401
T o A n t w e r p , p e r s t e a m e r s H e r m a n n , 1 , 0 0 0 .........L e p a n t o ,
l,2 2 5 ....W a e s l a n d , 4 0 0 ...
.............................................................
2 ,6 2 5
T o G e n o a , p e r s t e a m e r K a is e r W ilh e lm I I ., 1 , 0 9 8 .......................
1 ,0 9 8
T o L i s b o n , p e r s t e a m e r V e g a , F 0...........................................................
30
N e w O r l e a n s —T o L iv e r p o o l , p e r s t e a m e r s C o s t a R i c a n , 3 ,1 8 0
.. P e d r o , 4 ,3 0 0 . . S a t u r n in a . 3 , 4 5 b ........ .................................... 1 0 ,9 3 0
T o H a v r e , p e r s t e a m e r s P a rk fL Id , 4 ,8 3 6 . P e v e r ill, 8 ,1 9 4 .. 1 3 ,0 8 0
T o H a m b u r g , p e r s t e a m e r T h o m a s M e lv ille , 1 . 5 7 1 . .................
1 ,5 7 1
T o N a r v a , p e r k h i p s R o la n d , 3 ,8 7 2 . . S ir iu s , 5 , 8 2 3 ..................
9 .6 9 5
T o O p o r t o , p e r b a r k A g n e s , 4 0 0 . ............................. .........................
400
T o B a r c e l o n a , p e r s t e a m e r O o n d e W ilf r e d o , 1 , 2 0 0 .......................
1 ,2 0 0
T o G e n o a , p e r s t e a m e r C o n d e W i lf r e d o , 1 , 4 0 0 ...............................
i ,4 0 0
G a l v e s t o n — T o L i v e r p o o l , n e r s t e a m e r I d a , 3 , 9 7 3 .......................... ..
3 ,9 7 3
T o H a v r e , p e r s t e a m e r P a u lin a , 4 , 8 0 0 ........ .......................................
< ,8 0 0
1
S a v a n n a h — To B a r c e l o n a , p e r s t e a m e r L e t im b r o , 2 , 2 0 0 ................
2 ,2 0 0
T o G e n o a , p e r s t e a m e r L e t im b r o , 3,30< > ...........................................
3 ,3 0 0
C h a r l e s t o n — T o B r e m e n , p e r b a r k L e v ia t h a n , 3 , 5 0 0 .....................
3 .5 0 0
T o N o r r k o p in g . p e r b a r k J u lie , 2 , 2 0 0 .................................................
2 ,2 0 0
T o B a r c e l o n a , p e r b a r k L in d a , 1 , 0 1 0 ........ ..........................................
1 ,0 1 0
N o r f o l k — T o L i v e r p o o l , p e r s t e a m e r L a d y P a lm e r , 3 , 0 4 5 ..........
3 ,0 4 5
T o H a m b u r g , p e r s t e a m e r S r a n m o r e . 8 j O.........................................
950
B o s t o n —T o L i v e r p o o l , n e r s t e a m e r s C a m b r o m a n , 1 , 5 ' 3 .........
G e o r g ia n , 4 6 4 ___ O tt o m a n , 2 ,0 2 5 ... P a v o n ia , 1 , 0 5 2 _____
R o m a n , 1 ,5 4 9 ......................................
6 ,6 1 3
T o H a m b u r g , p e r s t e a m e r B r it is h C r o w n , 1 ,7 0 5 ...... ...................
1 ,7 0 5
T o H a li f a x , p e r s t e a m e r H a r la w , 1 5 0 .................... ............................
150
B a l t i m o r e — T o H a m b u r g , p e r s t e a m e r S la v o n ia , 1L .........................
11
P h i l a d f l p h i a — T o L i v e r p o o l , p e r s t e a m e r L o r d G o u g h , 2 1 0 ___
210
T o A n t w e r p , p m s t e a m e r P e n n s y lv a n ia , 1 0 0 .................................
100
T o t a l................
8 7 ,4 9 2
T h e p a r t ic u la r s o f th e s e s h ip m e n t s ,
fo r m , a re as fo llo w s :
a rra n g e d in
ou r u sual
B r e m e n O th er
Hull
< H a m - N o rth S o u th H a li&
L iv e r - db L m p o o l.
d on . H avre.
b 'tr g . E u r o p e . E u r o p e f a x .
T o ta l.
N ew Y o r k .
4 ,3 2 1 2 ,9 5 2 1 ,1 0 8 3 ,0 1 4 3 , 0 2 6 1 ,1 2 8
......
1 5 ,5 4 9
N. O rle a n s . 1 0 ,9 3 9 .......... 1 3 ,0 8 0
1 ,5 7 1 9 ,6 9 5 3 ,0 0 0 ........... 3 8 ,2 7 6
G a lv e s t o n .
3 ,9 7 3
..........
4 ,8 0 0
...............................................
8 ,7 7 3
S a v a n n a h ..
.......... 5 ,5 0 0
5 ,5 0 0
O h arlest’n .
3 ,5 0 0 2 ,2 0 0 1 ,0 1 0
6 ,7 1 0
N o r fo lk ....
850
3 .0 4 5
3 ,8 9 5
B o s t o n ----6 ,6 1 3
1 ,7 0 5
150
8 ,4 6 3
B a lt i m o r e .
11
11
P h ila d e l’ a .
100
310
“216
T o t a l -----
2 9 ,0 9 2
2 ,9 5 2 1 8 ,9 8 3 1 0 ,6 5 1 1 5 ,0 2 1 1 0 ,6 3 8
150
8 7 ,4 9 2
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down
the latest dates:
— T o B rem en
M a r c h 6 S t e a m e r H o n it o n , 4 . 4 9 1 — M a r c h
7 —S t e a m e r V a la . 3 , 9 1 8
M a r c h 9 - S t Q m e r F a ir m e d , 4 9 1 3 .
a
O r l e a n s — T o L i v e r p o o l —M a r c h 1 0 - S t e a m e r T r a v e l l e r , * ,3 9 2 .
T o H a v r e - M a r c h 3 —S t e a m e r D u p u y d e L o m e , 7 , 4 4 2 ___ M a r c h 6 —
S t e a m e r L o a n g o . 6 , 9 2 1 ___ M a r c h 8 - S t e a m e r E a lin g , 4 ,3 5 0 .
T o B r e m e n - M a r c h 1 0 8 t e a m e r S t o r m K in g , 8 ,0 5 0 .
3 a v a n n a h — T d S t. P e t e r s b u r g - M a r c h 6 B a r k A u s t r a l i a , 6 0 0 .
T o B a r c e l o n a —M a r c h 4 — s t e a m e r C o r t e z , 3 , l o o .
B r u n s w i c k — T o H a m b u r g — M a ^ ch 4 —S t e a m e r W iv e n h o e , 3 5 0 .
No r f o l k — T o L i v e r p o o l — Mar< h 6 - S t e a m e r R e m u s . 1 ,0 0 0 .
B oston — T o L i v e r p o o l - F e b . 2 8 —S t e a m e r C o lu m b ia n , 1 , 1 3 7 ___ M a r c h
6 - 8 t e a m e r S a g a m o r e , 3 ,5 1 9 .
Ba l t im o r e - To B r e m e n —M a r c h 4 S t e a m e r B r a u n s c h w e i g , 1 ,0 0 0 .
T o A n tw e r p — F eb. 2 3 -S t e a m e r S orren to, 97 5 .
P h il a d e l p h ia — T o L iv e r p o o l — M a r c h 7 —S t e a m e r O h io . 4 6 3 .
G
alvesto n
Ne
w
Cotton freights the past week have been as follows:
S a tu r .
M on.
T u es.
W ed n es.
T h u rs.
F r i.
L i v e r p o o l , s t e a m .ff
332
S32
®32
*32
*32
....
___
Do
la t e r , d .
....
....
....
....
E v e n p o l i t i c s s e e m s t o h a v e s o m e t h in g t o d o w it h th e m a t t e r — t h e
H a v r e , s t e a m . . . d.
764
764
764
76 ,
764
764
P o p u l i s t o r T h ir d P a r t y p e o p l e b e i n g e 3 p e o ia lly l o u d - m o u t h e d in d e....
....
....
....
Do
................d.
....
....
n o u n c i n g o t h e r p e o p l e ’s in t e r f e r e n c e in t h e ir a ffa ir s .
B r e m e n , s t e a m ..if .
532
*32
*82
532
*82
*32
I
e n c l o s e a c l i p p i n g f r o m t h e G a lv e s t o n N ew s o f t o - d a y w h ic h s e e m s
D o v . H a m b .tf.
964
964
®84
®64
984
964
t o r e fle c t th e a v e r a g e a n d m o r e t e m p e r a t e o p i n i o n a m o n g th e f a r m e r s :
H a m b u r g , ste a m rf.
%
The clipping referred to above is as follows :
___
.. . .
Do
............d.
...
O a k v i l i . e , T e x .. M a r c h 3 .— A s y e t t h e c o u n t y j u d g e h a s t a k e n n o
A m s ’ d a m , s t e a m .c .
25*
25 *
25 *
25*
25 *
25 *
Bteps in r e f e r e n c e t o C o m m is s io n e r H o ll i n g s w o r t h ’ s c a ll
I t is e x
....
....
Do
l a t e r . , c.
....
....
p e c t e d h e w ill. T h e c o r r e s p o n d e n t h a s i n t e r v ie w e d s e v e r a l fa r m e r s
11c4 ® 7 ;,2 1164 ® 732 U 4 ® ^ . 118 4 ® , S2 l l 6 4 ® 73. l l <54®732
R e v a l, s t e a m — d.
u p o n t h e s u b je c t , a n d i n v a r i a b l y t h e y s a y : “ P o s s i b l y it w o u ld b e b e s t
f o r u s t o p l a n t le s s c o t t o n . I f w e d o , w h a t s h a ll w e p l a n t in s t e a d 1
Do
....................d.
_
_
___
...
....
F r o m p resen t, p r o s p e c t s w e c a l c u la t e a b i g c o r n c r o p , w it h tin- a c r e a g e
B ’ lo n a .v la M ’ s l’ s d.
M
M
H
*4
*4
H
t h e s a m e a s l a s t y e a r , i f o u r a n t i c ip a t i o n s a r e r e a liz e d c o r n w ill b e
G e n o a , s t e a m . . . d.
u 64
w o r t h 3 5 c e n t s p e r b u s h e l. C o t t o n a t 5 c e n t s w ill b e a t t h a t w h e n w e
U «4
U s,
u «4
U 84
c a n g e t * 1 0 p e r t o n f o r s e e d . N o w , I a m w il li n g t h a t o t h e r fa r m e r s
T r ie s t e ,v . L o n d ’ n d.
3lfi
3IS
S16
S16
21«
*18
m a y p l a n t a s t h e y p le a s e . I p r o p o s e t o d o t h e s a m e , f o r e v e r v fa r m e r
-A
0A
A n t w e r p , s t e a m .d . & ®
* « „ ® 332
5a , * 3a> 5p
k n o w s h is o w n w a n t .”
* C e n ts p e r LOU Lbs
E
is
a s t
fro m
I
n d ia
C
r o p
th e B o m b a y
.— T he
f o llo w in g
P rices C u rren t
re p o r t o n th e In d ia c ro p
o f F e b iu a r y
4:
A lit t l e m o r e r a in f e ll a t D e lh i in t h e B e n g a l c o t t o n c ir c l e a f t e r th e
d e s p a t c h o f l a s t T h u r s d a y ’ s l e l e - r a m s f r o m th e d is t r ic t s ; b u t th e
w e a t h e r h a d m e a n t im e b e c o m e b r ig h t a n d s e a s o n a b le a a in t h r o u g h o u t
t h a t c ir c l e , a n d i n a ll th e d i s t r i c t s o f th e O o m r a c i r c l e , e x c e p t k h a n
a u m , w h e r e i t w a s s t ill c lo u d y , b u t l o o k e d lik e c le a r i n g u p
At
r o a c h p i c k in g h a d p a r t i illy b e g u n , a n d a r r iv a ls w e r e e x p e c t e d r a t h e r
e a r l ie r t h a n th e m id d le o f t h is m o u t h , f u tlie D h o lle r a c ir c l e t h e p la n t s
w e r e r e a d y f o r p i c k in g in s o m e p a r t s o f th e D h o lle r a d i s t r i c t : w hile,
p i c k in g h a d b e c o m e g e n e r a l a t B h o w n n g g u r . a n d in th e W a d w a n
d is t r ic t , w h e r e t h e b o lls o n t h e p la n t s w e r e r a p i d l y r ip e n in g , t h e c r o n
w a s e x c e le n t
1
Y e s t e r d a y ’ s t e le g r a p h i c n e w s f r o m t h e c o t t o n d i s t r i c t s w a s o f a
f a v o r a b l e t e n o r ; b r ig h t , s e a s o n a b le w e a t h e r — t h o u g h s e v e r e ly c o l d in
s o m e p a r t s —h a v i n g s o t in a g a in o v e r th e w h o le o f th e a r e a . A t B r o a c h
t h e p o d s o n t .ie p la n t s w e r e b u r s t i n g a n d pioTinsr h a d b e c o m e g e n e r a l
§
L
iv e r p o o l
. — B y c a b le f r o m
L iv e r o o o i w e h a v e th e f o llo w in g
s t a t e m e n t o f t h e w e e k ’s s a l e s , s t o c k s .
1 F eb. 17.
Sec.,
a t th a t p o rt:
F eb . 24.
M ch . 3.
'b ile s o f t h e w e e k ............b a le s .
4 1 ,0 0 0
4 4 .0 0 0
3 3 .0 0 0
O f w h ic h e x p o r t e r s t o o k . .
4 ,0 0 0
H .000
3 ,0 0 0
O f w h ic h s p e c u l a t o r s t o o k
........
2 ,0 0 0
t a le s A m e r i c a n ...........................
3 4 ,0 0 0
3 3 .0 0 0
2 8 ,0 0 0
A ctu a l e x p o r t ........................... ..
9 .0 0 0
6 .0 0 0
9 ,0 0 0
f o r w a r d e d ......................... . .
4 9 ,0 0 0
0 .0 0 0
4 7 ,0 0 0
"o ta l s t o c k — E s t i m a t e d . . . .
1 .6 5 8 .0 0 0 1 .6 5 2 .0 0 0 ' 6 5 9 ,0 0 0
O f w h ic h A m e r i c a n — E stlm M 1,4 1 L.OOr 1 .4 0 6 .0 0 0 1 ,4 1 0 ,0 0 1
o t a l I m p o r t o f t h e w e e k ..........
01 0 0 0
5 9 .0 0 0
6 3 ,0 0 0 ,
4 1 .0 0 0
4 5 .0 0 0 !
O f w h ic h A m e r i c a n ...................
3 9 ,0 0 0
m o u n t a flo a t
.......................
124 0 * 0
105 000
1 0 0 .0 0 0
9 5 .i v 0
O f w h ic h A m e r i c a n ..................
117 o r 0
9U.OOO
M ch . 10.
3 7 .0 0 0
2 ,7 0 0
1 ,1 0 0
3 0 .0 0 0
6 ,0 0 0
. 4 3 ,0 0 0
,6 6 0 ,0 0 0
,4 9 ,0 0 0
4 9 .0 0 0
3 3 .0 0 0
9 0 .0 0 0
8 0 .0
0
Maech
THE CHRONICLE.
11, 1 8 9 8 .]
The tone of the Liverpool market for spots and futures each
day of the week ending March 10, and the daily closing price?
of spot cotton, have been as follows:
S a tu r d a y M o n d a y .
S p ot.
M a rk et,
W ed n es.
T h u r s d ’ y.
B etter
H a r d e n ’ *? H a r d e n ’ *?. H a r d e n ’? w it n m o r e
ten den cy.
te n d e n cy .
o u s l n e s v.
t
1 .45 p.
M ld .D p P a s .
1 1 6 la
Spec. & e x p .
5 ,0 0 0
500
F u tu r e s .
M a rk et, \
1:45 p m . $
M a rk et, (
4 P. M. {
T u esd a y.
5
D ull and
easier.
5118
5he
8 ,0 0 0
1 ,0 0 0
5 ,0 0 0
500
Firm .
5>16
5
7 .0 0 0
500
F r id a y
8 ,0 0 0
2 ,0 0 0
4 ,0 0 0
200
S teady .
Steady at
1 16 ad
va n ce .
4 25
delivered: No. 3 mixed at 51J^f«52c. in elevator and steamer
mixed at 53%c. in elevator.
DAILY CLOSING PHICK8 OP NO. Z MIXED CORN.
S a t.
M a r c h d e l i v e r y .................o . 52=8
M a y d e l i v e r y -------------------- 0. 5 0 %
J u n e d e l i v e r y ........................o. 5 0 ‘s
J u l y d e l i v e r y ....................... o . 5 0 %
M on.
53%
51%
S it*
51%
T u e t.
533s
5 %
50%
51%
W ed.
53%
51%
51%
51%
Thun.
53%
51%
f0 %
51%
F t *.
53%
51 %
50%
51%
Oats have been quiet but there was a slight advance in
values in sympathy with the strength of corn. To-day the
market was a trifle higher on buying by a few “ shorts” to
cover contracts.
DAILY CLOSING PBICES OF NO. 2 MIXED OATS.
S tea d y
Very
S tea d y .
S t e a d y at S t e a d y at
1 -04 d e 2 04 @ 3 -0 4
c l in e .
advance.
S a t.
M a r c h d e l iv e r y ................ o . 3 8 %
M ay d e l i v e r y ......................... 0. 3 7 %
J u l y d e l i v e r y ....................... o. 3 8 %
M on.
3 a%
38
38%
Tu.es.
38%
37%
38%
W ed.
39%
38%
38%
T h u r i.
39
3a%
38%
P r i.
39%
33%
38%
Q uiet and Q uiet bu t
Btearty.
steady
Rye has been in limited supply and firm. Barley has been
without change and quiet. Buckwheat has been firm but
The opening, highest, lowest and closing prices of future8 quiet at 54(a 59c.
f l o cm.
at Liverpool for each day are given below. Prices are oi
P a t e u t , w i n t e r .............$ 3 7 5 ® $ 4 15
f l u e .................... W b h l. $ 1 8 0 ® * 2 0 0
the basis of Uplands, Low .Middling clause, unless otherwisi
S u p e rfin e ___ . . . . . . . .
1 9 0 ® 2 3 0 C it y m ills e x t r a s ___ _ 4 0 0 ® 4 10
stated:
E x tr a , N o . 2
2 1 0 ® 2 4 0 R y e f lo u r ,e u n e r i ln e .. 3 1 0 ® 3 10
stea d y .
S tea d y .
B a re ly
stea d y.
S tea d y .
S ' * The p r i c e s a r e g i v e n in p e n c e a n d 6 4 / / s
4 6 3 - 6 4 d ., a n d 5 0 1 m e a n s 5 l -6 4 fi.
S a t ., M ch . 4 .
T h u s. 4 63
H o n * . M c h . O.
m eo
T u b s ., M c h
s
7.
Open High Low . Clos. Open] High Lmo. Clos. Open High Low . Olo
M a r c h .......
M ch .-A p ril
A p rll-M a y ..
M a y -J u n e ..
J u n e -J u ly ..
J u ly-A u g.
A u g .-S e p t..
S e p t.-O o t...
O e t.-N o v ....
d.
4 57
4 57
4 59
4 60
4 62
4 63
4 (3
• 60
1
4 58
d.
4 58
4 58
4 59
i 61
4 62
5 00
4 63
4 60
4 59
d.
4 57
4 57
4 59
4 60
4 62
4 63
4 63
4 60
168
d.
d.
4 58 4 61
4 58 4 61
4 59 4 62
4 61 4 63
4 62 5 01
5 00 5 03
1 63 | 5 02
4 60 '5 0 0
4 59 1 6 2
)
W e d ., M c h . 8 .
d.
161
461
4 62
5 00
5 02
5 03
5 03
5 00
162
d.
d.
4 61 4 61
4 61 1 61
4 e2 1 6 2
4 63 5 00
5 01 5 02
5 03 5 03
5 02 5 03
5 00 5 00
4 02 4 62
d.
o 01
5 01
5 02
5 04
5 06
5 07
5 07
5 02
5 00
T h u r a ., M c h . 9 .
d.
5 02
5 02
5 03
5 01
5 06
5 08
5 07
5 02
5 00
d.
4 63
4e3
5 00
5 02
5 03
5 05
5 04
5 00
4 62
d.
o 00
5 00
5 01
5 02
5 04
5 05
5 05
5 00
4 62
F r l., M c h . 1 0 .
High Low . Clos. Open High'. Low . (Jlos. Open High Low. Olo
M a r c h .........
M ch .-A p ril.
A p ril-M ay..
M a y -J u n e ..
J u n e -J u ly ..
J u ly -A u g ...
A u g.-S ep t
8ept.-O ct.
O ot.-N ov . . .
d.
5C
O
6 00
5 01
5 02
5 04
5 05
5 05
5 01
4 63
d.
5 00
5 00
5 01
5 03
5 04
5 06
5 05
5 01
4 63
d.
4 61
4 61
162
163
5 01
5 03
5 02
4 62
4 61
d.
4 62
4 62
4 62
5 00
5 02
5 03
5 03
f 4 63
4 61
d.
5 00
SCO
5 01
5 02
5 01
5 05
5 05
5 01
163
d.
4 61
4 61
4 62
4 63
5 01
5 03
5 02
4 62
4 01
i.
5 00
5 00
5 01
5 03
5 04
5 00
5 05
5 <2
5 00
1
d.
4 62
4 02
4 03
5 00
501
5 03
5 03 !
161
161,
d.
4 2
162
4 03
5 00
5 01
5 03
5 02
4 63
161
!
B R E A D S T U F F
d.
4 62
4 62
4 63
5 00
5 02
5 03
5 03
4 63
' 4 02
1
d.
4 59
159
4 60
4 01
' 4 62
' 5 00
|5 00
4 60
' 4 59 ^
1
<
i
4 59
4 59
i 60
4 61
4 63
5 01
5 00
4 61
4 59
S.
F B I! A T , M a rch 10, 18 9 3
E x tr a , N o. 1 ................. 2 4 0 ® 3 0 0 B u c k w h e a t f lo u r ......... 2 1 0 ® 2 2 0
C le a r s .............................
2 8 5 ® 3 3 5 C o r n m e a l—
S t r a i g h t s ........................ 3 4 0 ® 4 15
W e s t e r n , & c ............... 2 6 0 ® 2 7 5
l a t e n t , s p r in g ............
4 1 5 ® 4 65
B r a n d y w i n e ..
2 50
[W h e a t flo u r In s a c k s s e lls a t p r i c e s b e l o w t h o s e f o r b a r r e l s .]
Y lie a t —
o p r in g ,n e r b u s h ...
R e d w in t e r N o * 2 ..
R e d w i n t e r ................
W h it e ...........................
a ts —M i x e d . . $ b u .
W h it e ...........................
No. 2 m i x e d ............
N o. 2 w h it e ________
o.
67 ®
75% ®
o.
89
77%
60
81
®
65 ®
38^®
42 ®
3 9 1s ®
44% ®
81
41
49
40*$
45%
C o r n , p e r b u s k .—
W e s t ’ n m i x e d ........
S t e a m e r N o 2 ..........
W estern y e llo w ..
W e s t e r n w h i t e ........
R yew estern , p er b u sh .
S ta te a n d J e r s e y . .
B a r le y — N o . 2 W e s t ’ n .
S t a t e 2 - r o w e d .........
S t a t e 6 - r o w e d _____
0.
49
52% ®
52
®
50 ®
0.
55
58%
fill
55
56
56
60
65
73
65
65
75
67
76
®
®
®
®
The movement of breadstuff to market is indicated in the
statement below, prepared by us from the figures 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 March 4, 1893,
and since August 1, for each of the last three years:
Receipts at—
F lo w .
W heat.
Corn.
Oats.
Barley.
Rye.
Bbls.im bt* Bush.60 lbs Bush.bO lbs Bush.32 lbs Bush .48 lb' B u .50 lbs.
125,280
817.141
977,190
1,274,183
4L5.498
22,155
Chicago —
11,505
238,550
44,500
153,OoO
198,80 .
33,000
M ilwaukee...
54.646
D u lu th ....
940,500
M inneapolis.
1,896
109,400
143,000
4,9 0
70)
800
T oled o.........
92,162
81,554
5,481
32,416
17,139
21,550
5,572
33,886
51,975
11,37 2
Cleveland..
283
65,250
27,081
1,314 440
191,400
141,009
21,000
3t. L o u is.......
4,650
30,60u
2 0,50
305,20'
24,5o0
3,000
Peoria............
359,967
72,420
10,122
Kansas City.
T ot.w k , ’93.
Same w k,’92.
Same w k,’91.
Since A u g. 1.
1892-93.......
1891-92. ...
1890-91.......
181,465
243,948
159,936
2,823,921
3,553,108
1,675,215
2,864,103
3,160,119
1,72 >.043
2,094,19
1,785,208
1,308,079
733,259
027,547
339,107
80,S41
113,008
80,502
The general demand for wheat flour has been slow and the
8,551,779 180,426,593 80,570,476 72,242,978 24,893,0 r. 0,100,044
market is weak. Buyers are disposed to hold aloof and wait
7,697,490 169V737.490 79,570,096 08,575.01
25,500,435 13,025,852
6,850,814) 78,664.428 57.333,0941 59.047.078 25,511 681 3,184.114
for concessions in consequence of a break in wheat. The low
The receipts of flour and graiu ac the seaboard ports for the
grades, however, have been comparatively steady, owing to
scarcity, and at the close there was a moderate export de week ended March 4, 1893, follow:
F lo u r ,
W h ea t,
C orn ,
O a ts ,
B a rle y ,
R ye.
mand reported. Rye flour has been firm but quiet. Buck
A t—
bbls.
bu sh .
b u sh .
b u sh .
bu sh .
bu sh .
N ew Y o r k . . .1 6 0 .4 6 9
2 0 0 ,5 5 0 4 4 ,8 0 0
2 1 3 ,1 0 0
4 ,8 0 0
9 4 ,9 1 5
wheat flour has been advanced, owing to light supplies.
3 ,4 8 4
1 1 3 ,5 6 0
6 ,3 3 0
1 4 ,6 5 8
1 8 5 ,0 3 8
Corn meal has been dull and quotations have been lowered B oosnttorn ........... .. 5 9 ,3 1 6
M
eal . .
600
4 6 ,1 7 4
750
923
3 ,9 2 7
about 10c. per bbl.
P h ila d e lp h ia 6 2 ,4 6 4
600
2 2 ,6 3 8
1 5 9 ,2 >9
5 3 ,3 3 4 1 5 ,2 0 0
B a lt im o r e . .
1 5 ,0 0 0
4 2 ,0 0 9
1 L 2 .7 2 6
2 6 1 ,2 4 9
8 ,8 1 3
There has been a moderate degree of ac ivity to the specu
R ic m
.
122
2 1 ,2 9 2
1 5 ,3 7 8
1 8 .3 7 4
lative dealings in wheat, and immediately after our last the N ewh O ro nadn.s.. 1 5 ,9 7 0 2 6 1 ,0 0 0
le
8 ,6 6 4
3 6 ,4 5 3
4 0 ,6 2 0
market weakened under an unexpected increase in the
T o t . w e e k . .3 5 2 .3 7 6
87 4 027
4 8 7 ,6 1 2 6 7 , 0 20
5 3 1 ,1 5 6
1 5 ,2 5 8
amount n sight, and then further declined in sympathy with
weaker advices from abroad, ?elling by “ longs” and the un W e e k 1 8 9 2 3 2 3 ,8 1 7 1 ,1 0 5 ,5 9 9 3 .3 L 6 .3 0 0 8 8 >,471 1 1 9 ,2 5 6 1 3 7 ,9 4 4
Below are the rail shipments of flour and grain from
settled condition of affairs in financial circles. The spot
market has been dull, and values have declined with con Western lake and river ports for four years:
1892.
1891.
1893.
1890.
tracts. To-day the market was weak and lower under dull
W eek
W eek
W eek
W eek
and weak foreign advices, some selling for foreign account
M arch 4.
M arch 5.
M a rch 7.
M arch 8 .
and an increased movement of the crop in the Northwest. F lo u r ........... ........ bbl?*. 3 7 8 ,8 2 5
4 3 7 ,4 3 4
3 1 6 ,7 2 3
3 4 7 ,3 2 3
The spot market was quiet and easier. The sales included
1 ,2 1 2 ,4 9 4
6 5 4 ,9 4 6
3 1 8 ,0 6 9
No. 2 red winter at %e. under May delivered and No. 3 W h e a t . . . . . ........ b u s h . 1 .2 1 9 ,7 1 8
C
............
1 ,3 4 7 ,4 4 2
3 ,3 4 9 ,0 1 1
1 ,0 0 1 ,3 5 9
spring at
4^ c. under May delivered; No. 2 hard winter O o r n............ .................... . 1 ,9 6 8 ,9 4 8
a ts
1 ,5 7 3 ,4 2 5
1 ,6 7 7 .1 7 7
1 ,2 4 1 ,0 3 6
quoted at %c. under May delivered, and No. 1 Northern at B a r le y ........
1 7 8 ,5 9 2
2 1 6 ,2 6 3
3 8 2 ,5 7 3
4 7 ,0 4 6
4/4°. over .uay delivered.
R y e .............
7 5 ,9 4 1
8 2 ,7 3 4
D A IL Y C L 0 8IN G PRICED O P NO . 2 RE D W IN T E R W H EAT.
M a r c h d e l i v e r y ____ . . . o.
M a y d e l i v e r '.........................c
J u n e d e l i v e r y ................
o
J u ly d e l i v e r y ..................... c
S a t.
'7 %
7 9 7s
805s
M on.
77%
7-^30
801^
81%
T u es.
76%
7^8
30
81
W ed.
T h u rs
79
7 9 78
S 0 78
78%
79%
80
T o t a l ......................... 4 .9 0 3 .4 8 7
rr .
74%
77%
78
7 %
Indian corn futures have been quiet, and despite the weak
ness of wh- at prices made a slight improvement, due to a dis
appointing increase in the visible supply and unexpected
small shipments from the interior to the seaboard. The spot
market has be> n advanced owing to scarcity of supplies, there
by checking^ the demand. The sales yesterday included No. 2
mixed at 53% 'a 54c. in elevator and 54%c. delivered; steamer
atj)2%f(/ 53c. in elevator and 54c. delivered; steamer
white at 52%c. in elevator and steamer yellow at 54c. in ele
vator. To-day the market was quiet and without change or
feature of importance. The spot market was firm but quiet,
lhe sales iucluded No. 2 mixed at 53%c, in elevator and 54%c
5 , 2 0 2 ,4 2 0
3 , 1 5 1 ,8 7 4
5 ,5 0 3 ,8 1 4
The exports from the several seaboard ports for the week
ending March 4, 1893, are shown in the annexed statement:
E x p o rts
fr o m —
N ew Y o r k
B o s t o n ...
P o r tla n d .
N o r f o l k ..
P h il a d e l .
B a lt im ’ re
N. O r l’ n s .
N. N e w s .
M o n tr e a l
W heat'.
C orn .
F lo u r .
B u sh .
6 5 0 ,3 0 1
4 1 ,2 8 0
7 1 ,3 6 5
B u sh .
1 2 7 ,5 7 4
9 0 ,4 8 9
B b ls.
9 6 , '0 1
3 9 ,8 9 1
954
1 4 ,0 1 0
1 8 ," 8 4
8 1 ,9 5 4
496
1 ,5 6 4
B u sh .
3 ,9 2 7
1 0 9 .8 H
9 ,1 1 0
2 5 3 ,4 .5 4
1 2 3 ,1 2 4
3 6 5 ,3 1 4
7 7 ,0 0 8
3 2 ,0 0 0
2 2 7 ,8 2 9
6 5 5 ,4 1 7
1 3 4 ,9 0 3
6 ->',500
1 3 7 ,1 4 3
1 3 5 ,7 8 8
4 2 ,7 4 0
Tot. w e e k 1 ,667,21 2
7 3 7 ,1 3 7
S’ m e tim e
1 8 9 2 . . 2 ,0 6 0 ,2 ^ 2 2 .9 8 9 ,2 8 4
O ats.
246
R y e.
B u sh .
P ea s .
B u sh .
2 ,6 2 3
1 6 ,4 5 7
8 ,4 9 5
........
..........
1 5 3 ,4 6 1
9 9 ,7 8 1
27 575
THE CHRONICLE,
426
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, March 4, 1898:
Com,
T o tals—
R ye,
bu sh.
7 7 .0 0 0
2 2 .0 0 0
7 .0 0 0
4 9 ,0 0 0
2 ,2 0 5 ,0 0 0
3 1 6 ,0 0 0
5 5 ,0 0 0
3 3 0 .0 0 0
4 7 ,0 0 0
1 3 0 .0 0 0
2 1 2 ,0 0 0
1 5 ,0 0 0
5 ,0 0 0
1 0 3 ,0 0 0
’ 4 4 ,0 0 0
2 9 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
1 2 1 ,0 0 0
3 1 ,0 0 0
1 2 0 ,0 0 0
3 1 ,0 0 0
b u sh .
6 1 2 ,0 0 0
6 6 ,0 0 0
7 3 .0 0 0
2 8 9 .0 0 0
6 .5 6 8 .0 0 0
1 .6 4 6 .0 0 0
1 4 .0 0 0
3 4 1 .0 0 0
THE
9 7 ,0 0 0
1 , 7 5 9 ,0 0 0
1 7 0 .0 0 0
2 ,0 0 0
1 0 6 .0 0 0
1 8 ,0 0 0
6 ,0 0 0
4 9 .0 0 0
4 9 3 .0 0 0
8 3 .0 0 0
1 9 2 .0 0 0
7 7 .0 0 )
5 9 .0 0 0
1 7 8 .0 0 0
5 2 .0 0 0
5 ,0 0 0
' i 4^6 0 0
2 7 7 .0 0 0
2 6 2 .0 0 0
1 5 3 .0 0 0
2 6 8 .0 0 0
9 2 3 .0 0 0
1 9 9 .0 0 0
2 2 5 .0 0 0
...............
--------------------------------------------------
M a r . 4 , 1 8 9 3 .. .7 9 .0 9 7 ,0 0 0
F e h . 2 5 , 1 8 9 3 .. .7 9 ,5 6 4 ,0 0 0
M a r. 5 , 1 8 9 2 .. .4 1 ,5 5 5 ,2 9 5
M a r . 7 , 1 8 9 1 .. .2 3 ,1 5 1 ,5 7 1
M a r . 8 , 1 8 9 0 . .2 8 , 3 1 4 ,5 9 4
B a rley ,
b u sh .
1 7 4 .0 0 0
7 7 .0 0 0
1 5 .0 0 0
5 2 7 .0 0 0
O ats,
b u sh .
9 6 0 .0 0 0
1 3 2 .0 0 0
3 / 00
7 6 ,0 0 0
1 ,6 0 0 ,0 0 6
W h eat,
I n s to r e a t —
bu sh .
N e w Y o r k .............1 0 ,5 9 7 ,0 0 0
D o a flo a t . . . .
3 3 6 ,0 0 0
A l b a n y ...........................................
B a f f a l o ................... 2 ,5 2 2 ,0 0 0
Do
a f lo a t __
5 3 8 ,0 0 0
C h ic a g o ................. 1 4 ,9 0 3 ,0 0 0
Do
a f l o a t . . . . 4 ,0 1 9 ,0 0 0
M il w a u k e e .......... 2 ,0 2 7 ,0 0 0
Do
a flo a t —
8 2 ,0 0 0
D u lu t h ...................1 5 ,9 3 0 ,0 0 0
Do
a f lo a t ___
5 7 1 ,0 0 0
T o l e d o ................... 3 , 6 4 9 ,0 0 0
Do
a f lo a t ....
2 5 ,0 0 0
D e t r o i t ................... 2 ,0 1 8 ,0 0 0
Do
a f lo a t ___
1 4 4 ,0 0 0
O s w e g o .........................................
S t. L o u is ............... 4 ,9 4 6 ,0 0 0
Do
a f lo a t ..............................
C i n c i n n a t i ...........
3 ,0 0 0
B o s t o n ...................
2 7 ,0 0 0
T o r o n t o .................
3 2 5 ,0 0 0
M o n t r e a l .............
5 6 1 ,0 0 0
P h i l a d e l p h i a . .. . 1 , 1 4 4 ,0 0 0
P e o r i a ...................
1 5 2 ,0 0 0
I n d i a n a p o li s ___
2 0 0 ,0 0 0
K a n s a s C i t y ___ 1 ,3 7 7 ,0 0 0
B a l t i m o r e .......... 1 ,1 6 2 ,6 0 0
M in n e a p o l is ___ 1 1 ,7 9 0 ,0 0 0
O n M is s i s s ip p i..
3 ,0 0 0
O n c a n a l & r iv e r
5 8 ,0 0 0
1 5 .5 9 4 ,0 0 0
1 5 ,0 3 4 ,0 0 0
1 1 , 0 5 1 ,2 9 7
2 ,6 3 9 ,2 5 0
1 4 ,5 1 7 ,6 9 4
DRY
1 ,0 0 0
3 4 .0 0 0
2 2 .0 0 0
4 ,0 0 0
1 8 ,0 0 0
8 0 ,0 0 0
1 3 8 ,0 0 0
1 1 ,0 0 0
8 4 .0 0 0
8 3 .0 0 0
2 4 ,0 0 0
50 000
5 .1 5 9 .0 0 0
9 1 9 ,0 0 0
5 . 4 5 6 .0 0 0
9 1 5 ,0 0 0
3 ,8 3 6 ,3 9 7 1 ,8 1 9 ,0 5 0
2 , 8 7 4 ,8 5 4
3 9 2 ,9 2 3
4 8 5 3 ,3 9 0 1 ,5 8 3 ,1 8 5
1 .7 1 9 ,0 0 0
1 , 8 7 2 ,0 0 0
1 ,5 1 0 ,7 5 9
2 , ' 7 9 ,3 1 9
1 ,6 5 8 ,5 4 2
GOODS T R A D E .
N e w Y o r k . F r i d a y , P . M ., M a r c h 1 0 , 1 8 9 3 .
The comparative slackness of new demands for staple cot
tons for a considerable time past has resulted in a somew hat
irregular market this week, in which buyers have secured
occasional advantages previously deniel them. With un
stinted production and but conservative buying there has
naturally been considerable progress made in clearing off
orders placed some time ago, and as agents have come into
the market for further contracts they have found it necessary
in a number of instances to make concessions from previous
extreme prices in order to place their mills sold ahead ag ain.
Several days ago it looked as though suih concessions would
be widespread, but latterly most of the selling pressure has
been removed, and few weak spots are noticeable at
the close. There is another side to the market than this,
however, shown by the strength of many leading brands of
domestics, amounting to an actual advance in price in one
well-known mike. Spot supplies of the latter continue scarce,
but there have been more opportunities in less well-known
goods for buyers to make provision against their immediate
requirements. In other departments trade at first hands has
shown little change from a week ago. With jobbers business
has proved fairly good under trying conditions of retail busi
ness here and elsewhere, heavily haniicapped by bad weather
and bad roads. In the matter of collections some irregularity
is still noticeable, but it has not this week increased, and as
generally reported a comparison with the corresponding
period last year is by no means unfavorable.
[V ol. L U
easier terms than before. While leading makes of brown,
bleached and colored cottons continue very firm (with a slight
advance in Atlantic sheetings) and mostly still largely sold
ahead, there are other lines not so well situated, and in these
slight concessions have occasionally been made to stimulate
the demand. At the close the market is steady, even where
worst conditioned, but from this week’s experience it is clear
that a somewhat trying period is not far distant should buyers
continue as conservative as they have lately been. Business
in prints is quiet at first hands and less active than expected
with jobbers. Outside of leading makes of fine dress styles,
ginghams’are slow with agents, whilst jobbers have found it
advisable to make a still further cut in staples (to 6}^o. for
best makes) in order to move off stocks which hung heavily on
their hands. Print cloths are without change on the basis of
4c. for 64 squares.
1893.
S to ck o f P r i n t G lottis —
M a r c h 4.
H e ld b y P r o v i d e n c e m a n u f a c t u r e r s . N o n e
F a ll R i v e r m a n u f a c t u r e r s .....................
5,OuO
T o t a l s t o c k ( p ie c e s )
1892.
M a r c h 6.
4 .0 0 0
5 .0 0 0
5 ,0 0 0
9 .0 0 0
1891
M arch 7.
3 0 6 ,0 0 0
2 5 7 ,0 0 0
6 2 3 ,0 0 0
has been some demand for
spring weights in uien’s-wear woolens and worsteds that could
be secured at once, but in s ime instances this has been offset
by cancellations of orders which agents have not delivered on
time. For heavy-weights orders have run within a moderate
compass, but the deliveries from the mills o i acciunt of pre
vious engagements have reached a large total. There is little
to note in the way of prices. Here and there, as previously
reported, a seller who has not done well can be found making
concessions, but taking the situation generally the tone is
steady and prices unaltered. Overcoatings are also steady
and in free movement, although new business is quiet.
Cloakings are reported in a generally satisfactory condition,
particularly in plain makes, which have been in better request
than fancies. For woolen and worsted dress goods the dupli
cate demand for spring styles has been fairly well sustained.
Some agents are out with fall samples, but up to the present
have not found buyers eager to do business on them. Blan
kets are in good request, with a steady business passing in
flannels.
F or IG N D r y G o o d s . —There has been a good general de
mand in this department, chiefly from small to medium-sized
buyers of whim there are many now in the market. The
firmness of prices acts a- a check in some directions, as with
advances abr iad, particularly in silks and linens, importers
are asking higher prices here for all goods not already in
stock. Fine cotton fabrics, high novelties in dress goods,
fancies in silk, and plain and fancy velvets, all sell well, and in
ribbons fully an average trade is passing. Laces, handker
chiefs, gloves and hosiery are rather on the quiet side.
D o m e s t ic
W o o l e n s . —There
I m p o r t a t io n s a n d W a r e h o u s e W i t h d r a w a ls o f D ry G o o d s .
Tne importations and warehouse withdrawals of dry goods
at this port for the week ending March 9, and since Jan. 1,
1893, and for the corresponding periods of last year are as
follows:
D o m e s t i c C o t t o n G o o d s . — The exports of cotton goods
from this port for the week ending March 7 were 2,484
packages, valued at $169,542, their destination being to the
points specified in the table below:
1893
1892.
N e w Y o k k t o M a r c u 7.
W eek.
S in c e J a n . 1.
W eek .
G r e a t B r i t a i n .............................
O t h e r E u r o p e a n .........................
C h in a ...............................................
I n d i a .................................................
A r a b ia ..............................................
A f r i c a ...............................................
W e s t I n d i e s ...................................
M e x i c o ............................................
C e n tr a l A m e r i c a ........................
S o u th A m e r i c a ..........................
O th e r c o u n t r ie s ..........................
74
l
251
1
100
98
550
38
66
1 ,2 8 5
20
842
160
5 ,8 0 5
777
1 ,5 3 9
611
3 ,9 0 5
336
1 006
9 ,3 6
558
112
35
100
375
T o t a l .........................................
C h in a , v i a V a n c o u v e r ........
2 ,1 8 4
3 ,0 0 0
2 4 .8 9 5
8 ,2 6 8
1 ,4 1 2
3 3 ,1 6 3
1 ,4 1 2
T o t a l .........................................
....
19
90
187
180
273
41
S in ce J a n 1
808
425
1 6 ,7 9 4
1 ,3 3 2
804
3 ,8 4 5
3 ,1 0 4
'8 4 7
1 ,1 8 0
7 ,3 3 0
559
3 7 ,0 2 8
3 ,4 0 0
SM
HOOH1
y o ! os to o © •■
£>
p £■ JO 0 3 p p ©
>
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to
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The value of the New York exports since January 1 ha t
been $1,476,415 in 1893 against $1,991,637 in 1892.
There has been more business recorded in staple domestics
this week in the shape of new orders thin for a little while
past, as buyers have been able to place their orders for future
delivery and to secure spit supplies in some makes on rather
M
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00 C t o p M
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M MJk CO
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w
THE CHRONICLE.
M akch 11, 1893. J
427
In addition to the new issues included in the above
total we reported last month the negotiation of a re
funding loan by Newark, N. J., to the amount of
TERMS OF SUBSCRIPTION.
$1,500,000. The new bonds are issued to take up old 7s
C o m m ercia l a n d F in a n cia l CHROM ICLIE con maturing on the 15th inst., but as they are to be taken by
tains 40 to 6 4 pages published every week.
the present holders of the old bonds we do not include
Slate and City S u pplem en t of C H R O N IC L E con
them in the foregoing statement.
$tatt
and
C it y
D m D T iv w r .
tains ISO pages published several times each year.
Investors’ S up p lem en t of C H R O N IC L E (a Cyclo
psedia of Railroad Securities) contains 160 pages published
svery other month.
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
w hich includes every issue of both S upplements .
R o n d P ro p o sals a n d N e g o tia tio n s.—We have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Abington, Pa.—The people of this township have voted in
favor of issuing $80,000 of bonds for the purpose of macadam
izing the principal streets.
Albany, N. T.—(State and Cit y Supplement , page 43).—
The city of Albany has been authorized by the New York
Legislature to issue bonds to the amount of $1,000,000 for the
construction of new school buildings.
Anaconda, Mont.—City Clerk John C, English of Anaconda,
Mont., will receive bids until April 3 for 6 per cent city hall
bonds to the amount of $15,000. The securities will be dated
May 1, 1893, payable May 1, 1913, and subject to call after
May 1> 1903. Interest is to be paid semi-annually, J. & J.
T h e p urpose o f this State a n d City D e p a rtm e n t
Is to furnish our subscribers with a weekly addition to and
continuation of the State and Cit y S upplement . 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
State and City Supplement to as near the current date as
possible. Hence if every Subscriber will note in his S u pple
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
A n advertisem ent o f this loan will he fo u n d elsewhere in
be found, he will at all times possess a complete and fresh
this D epartm ent.
cyclopaedia of information respecting Municipal Debts.
Barnesville, (Ja.—The citizens of Bamesville have voted,
348 to 7, in favor of issuing bonds for water-works.
Barnesville, Ohio.—Mr H. E. Dement, Village Clerk of
REVIEW OF MUNICIPAL BOND SALES I N
Barnesville, will receive bids until April 10, 1893, for $4,667
FEBRU ARY.
of 6 per cent Chestnut Street improvement bonds, to be dated
The municipal bond market for the past few weeks March 33, 1893, and mature part yearly in from one to fifteen
The amount
may be reduced
has been marked by extreme dulness, the little activity years. assessment forof this loan issued be paid in if any part
of ihe
which it is
cash before
which was noticed in the month of January having the date of the sale.
Concerning this
the financial condition
proved to be of but short duration. That fair prices village Mr. Dement loan and following information : of the
gives the
have been paid for some of the high-class securities
“ Bidders are expected to state the amount of premium they
floated during February is shown by our table of sales will pay on the entire issue of $4,667. Should the amount of
the issue be reduced, a corresponding reduction will be made
given below, but as a rule there has been a decided lack in the amount of premium.” * * * “ Barnesville is situated in
of interest in this class of investment, and several an agricultural region in the western part of Belmont
County, and has glasa, car-wheel and other manufactories.
municipalities have been obliged to withdraw their
“ The population of Barnesville is 3,500; assessed valuation,
securities from the market as no bids were received. $1,035,138 ; bonded indebtedness, $26,700 ; indebtedness exist
ing in other forms, $5,961.”
The inactivity in this line of business has been espec
Previous sales of Barnesville bonds have been reported in
ially pronounced in the West, and the call for bonds the Chronicle a3 follows :
by country banks has ceased almost entirely.
T h e. total sales reported in February 1893 amount
to $5,071,600, as compared with $7,761,931 in the cor
responding month of last year. In the following state
ment we give the prices which were paid for $2,263,600
o f the new securities and a reference to the C h r o n i c l e
page in each case, where a full account of the sale will
be found.
F E B R U A R Y BOND SALES.
P a ge.
L o ca tio n .
R a te .
M a t u r it y .
3 0 2 A l b a n y C o ., N . Y . . . . . . . 4 s
1 8 9 4 -1 8 9 9
3 0 2 A l b a n y C o ., N . Y ___ . . .4 s
1 9 0 0 -1 9 0 5
3 0 2 A l b a n y C o ., N . Y . . . . . . . 4 s
1 9 0 6 -1 9 1 1
3 0 2 A l b a n y C o ., N . Y . . . . . . -4 s
M a r. 1 , 1 9 1 2
3 4 5 A n n is t o n , A l a ............ . . . 6 s
M ar. 1 ,1 9 1 3
------ A u g u s t a , G a ................. ...4 ^ 2 8 M a r . 1 , 1 9 2 3
3 4 5 B ir m in g h a m , A l a . . . . . . 6 s
1923
3 8 3 B r o c k t o n , M a s s ........... . . 4 s
M ar. 1 ,1 9 2 3
3 8 3 C a m b r id g e , M a s s ___ , . . 4 s
F e b . 1, 1 9 1 3
3 8 4 F a ll R i v e r , M a s s ___ .. .4 s
3 0 3 H u r o n C o ., M i c h ___
3 4 6 I s li p U n io n F r e e S c h o o l
D ie t . a o . 1, N . Y ........... ..4 8
1898 1923
3 0 3 L a fa y e t t e , C o l o .........
2 5 8 L a G r a n g e , I n d ..........
F eb . 1 ,1 9 1 3
3 0 3 L o n g I s la n d C it y , N . Y . 4 ^ 8 S e p t . 1 , 1 9 0 2
3 8 4 M t. V e r n o n U n io n F r e e
S c h o o l D i8 t .N o .5 ,N .Y .4 8
1 8 9 4 -1 9 1 3
3 0 3 N e w p o r t , K y .............. . . . 5 s
J a n . 1 ,1 9 1 4
3 8 4 N e w Y o r k , N . Y ........... . . 3 s
1 9 1 2 -1 9 2 3
3 4 7 St. P a u l, M in n ............ . .6 8
A u g .1 5 ,1 8 9 3
3 8 6 S y r a c u s e , N . Y ............ ...3 * 2 8
1913
3 8 6 U ls t e r C o ., N . Y ........... . . 4 s
386
386
386
386
386
386
Y ou n g stow n ,
Y ou n g stow n ,
Y ou n g stow n ,
Y ou n g stow n ,
Y ou n g stow n ,
Y ou n g stow n ,
O h io .. . .. 6 s
O h io .. . . . 6 s
O h io .. ... 6 s
O h io .. ...6 s
O h io .. ...6 s
O h io .. . . . 6 s
O ct. 1 , 1 8 9 3
1 8 9 4 -1 8 9 5
1 8 9 4 -1 8 9 8
1 8 9 4 -1 8 9 8
1 8 9 4 -1 8 9 8
1 8 9 7 -1 9 0 1
A m o u n t.
$ 6 ,0 0 0
6 ,0 0 0
6 ,0 0 0
1 2 ,0 0 0
3 0 ,0 0 0
9 8 ,0 0 0
1 4 0 ,0 0 0
2 5 ,0 0 0
1 0 0 ,0 0 0
8 6 ,5 0 0
1 4 ,1 0 0
3 0 ,0 0 0
1 5 ,0 0 0
2 0 ,0 0 0
7 5 ,0 0 0
A w ard .
1 0 2 -1 5
1 0 7 -2 5
1 1 0 -7 5
1 1 3 -1 2 5
1 0 4 -0 6 8
100278
1 0 3 -5 0
1 0 2 -5 5
1 0 3 -7 0
1 0 1 -1 0
1 0 3 -8 1 5
1 0 3 -2 5
9 0 -0 0
10400
1 0 3 -2 5
4 1 ,0 0 0 1 0 4 -5 0
6 6 ,5 0 0 1 0 1 -1 2 5
8 0 0 ,0 0 0 1 0 0 -0 0
1 3 9 ,0 0 0 1 0 0 -9 7 3
«
c 1 0 4 -1 0
to
5 0 0 ,0 0 0 1
i11 0 5 -4 6
1 0 8 -0 0
5 0 ,0 0 0 1
to
' 108*60
1 5 0 1 0 0 -3
2 0 0 1 0 1 -9 8 5
7 5 0 1 0 4 -5 4 9
6 0 0 1 0 4 -6 6
1 ,2 0 0 1 0 4 -4 3
6 0 0 1 0 8 -9 8
T o t a l ....................................................................... $ 2 ,2 6 3 ,6 0 0
A g g r e g a t e o f s a le s f o r w h ic h n o p r i c e is r e p o r t e d
(fr o m t w e n t y - e i g h t m u n i c i p a l i t i e s ) ............................. 2 ,8 0 8 ,0 0 0
T o t a l s a le s f o r F e b r u a r y .............................$ 5 , 0 7 1 ,6 0 0
D a te o f sa le.
R a te .
O c t . 1 0 , 1 8 9 2 . . . .......... 6
M a r. 2 8 , 1 8 9 2 . . . . .......... 6 •
A m o u n t.
$ 2 ,8 7 3
5 ,0 0 0
Tim e.
1 to 15 y e a rs
1 t o 10 y e a r s
A w ard .
1 0 2 -4
1 0 3 -5 5
Three weeks ago we gave notice that on Monday, March 13,
$14,867 of 1 to 20 year street improvement sixes would be sold
to the highest bidder.
Butte City, M ont.—(State
and
C it y Supplement , page
127.) Five and one-half per cent school bonds of this city to
the amount of $30,000 have recently been sold to H. B.
Palmer, of Helena, at 100'75 and accrued interest.
Cincinnati, O hio.— (State and Cit y S upplement , page
77.)—A bill has been passed by the Legislature providing for
the issue of $100,000 of bonds to repair the work-house.
Clay Centre, Kan.—An election wifi be held in Clay Centre
on March 16 for the purpose of voting on the proposition to
issue $35,000 of 6 per cent water-works bonds.
Cleveland, Ohio.—(Sta te and Cit y Supplem en t , page 78,
and Chronicle of March 4, pages 386 and 387.)—City Auditor
F. C. Bangs will receive proposals until April 19 th for $693,000
of Cleveland city bonds, described a9 follows :
LOAN S—
W h en
W a te r b o n d s ( r e n e w a l ).
4 s , A . & O. $ 2 0 0 ,0 0 0 .. A p r . 1 ,
S treet im p . b o n d s.
5 s , A . & O ., * 5 9 , OOO.. A p r . 1 ,
5 s , A . & 0 . , 6 5 , 0 0 0 . . .O c t . 1 ,
5s, A. & 0 „ 5 9 ,0 0 0 ..A p r. 1 ,
d u e.
1903
1891
1894
1895
LO AN S—
W hen
S treet im p . b o n d s — C o n i.
5 s , A . & i ) . , $ 6 7 ,O O O ...O o t . 1,
5 s , A. & 0 . , 6 1 , 0 0 0 A p r . 1 ,
5 s , A . & O ., 7 2 , 0 0 0 . ..O o t . 1,
5 s , A . & O ., 6 2 , 0 0 0 . . A p r . 1 ,
o s , A . & O ., 4 8 , 0 0 0 . . . O o t. 1,
due.
1895
1896
1896
1897
1897
No bid for these securities will be entertained unless made
on a blank form, which can be obtained on application to the
City Auditor.
In accordance with the requirements of the Revised
Statutes of Ohio the total amount of street improvement
bonds to be issued ($521,000) were first offered to the Sinking
Fund Commissioners, who accepted $28,000 of the same, ma
turing October 1st, 1897, and the remaining $493,000 are now
offered to the public.
A very comprehensive and well-arranged pamphlet has been
issued and mailed to possible bidders by Auditor Bangs. It
contains the blank form on which bids must be made, printed
forms of the securities to be issued ; copies of the laws and
ordinances authorizing the bonds; a record of the Council
proceedings in reference to the new loans, and a brief state
ment of the city’s financial condition. The pamphlet is an
excellent device for furnishing investors with an abundance
THE CHRONICLE.
4 28
of information concerning the proposed issue, and it is well
worth the attention of municipal officials in other cities.
An elaborate report of Cleveland’s outstanding indebted
ness and general financial condition was published in the
C h r o n i c l e of last week, pages 386 and 387.
Columbus, Ohio.—( S t a t e a n d C i t y S u p p l e m e n t , page 78.)
—Bond call No. 12 has been issued by City Auditor D E.
Williams, and it designates by name and number 6 per cent
street.itnprovem;nt b o ils to the amount of $101,200. The
called bonds will be paid on March 15 by draft on New York
by check on the City Treasurer, or they will be cashed on
presentation at the office of Coffin & Stanton, No. 72 Broad
way, N. Y.
Columbus’s Street improvemenQbonds, all of which bear
interest at the rate of 6 p. c., have been issned at various
times and in various amomts. They are all subject to call at
the op don of the city after one year from their date of issue
and are payable by special sssessments on the property benefitted by the improvements for which they were authorized.
The amount of these bonds outstanding on March 31, 1892,
was $3,122,700.
The last one bore the date of September 15, 1892, and in
cluded bonds to the amount of $324,300.
l o r further particulars concerning the present call the
reader is referred to an advertisement to be found on one of
the first pages o f this issue.
Columbus, Ohio—( S t a t e a n d C i t y S u p p l e m e n t , page 7 8 . )
—Bills have been passed by the Legislature authorizing the
refunding of $2,000,000 of street improvement bonds at
p ercen t; authorizing the issuance of $110,000 of bonds for
sewer purposes ; and providing for the issue of $60,000 of po
lice deficiency bonds
Dallas, Tex.—( S t a t e a n d C i t y S u p p l e m e n t , page 171.)—
Mayor W . C. Connor, of Dallas, Tex., gives notice that the
city is desirous of purchasing and retiring $16,000 of 10 per
[V o l . LVI.
cent street improvement bonds due in September of this year
and $48,000 of 10 per cent railroad-aid bonds maturing in
June, 1894.
Davidson County, N. C.—Authority has been granted this
county by the L ’gislature to issue bonds for $200,000, for the
purpose of building an asylum.
Dayton, Ohio.—( S t a t e a n d C i t y S u p p l e m e n t , page 79.;—
The City Council of Dayton has resolved that a bill be pre
pared authorizing the issuance of $150,000 of bonds for water
works purposes.
Defiance, Ohio.—( S t a t e a n d C i t y S u p p l e m e n t , page 79.)—
A bill has been passed by the Legislature authorizing the issu
ance of sewer bonds to the amount of $6,000.
Elmwood, Ohio.—The people of Elmwood will soon vote on
the proposition of issuing bonds to the amount of $20,000 for
water-works.
Flushing. N. Y.— ( S t a t e a n d C i t y S u p p l e m e n t , page 47.)
Clinton V. Smith, village clerk, will receive proposals until
March 30, for the purchase of refunding bonds of the village
of Flushing to the amount of $11,000. The bonds will be of
the denomination of $500 each, in coupon or registered form,
and will be payable $500 yearly for 22 years. Interest at the
rate of 4 per cent will be payable on the first days of April
and October in each year at the Flushing Bank.
Franklin County, Ohio.— ( S t a t e a n d C i t y S u p p l e m e n t ,
page 80).—-Bills have been passed by the Legislature author
izing Franklin County, by a vote of the people, to issue
$100,000 of bonds for Franklin Park, and also to issue bonds
to the amount of $35,000 for Leonard Avenue viaduct.
Grand Rapids, Mich.—( S t a t e a n d C i t y S u p p l e m e n t , page
96.)—A bill has been passed by the Legislature authorizing the
city of Grand Rapids to issue $400,000 of bonds for improve
ment purposes.
Harrimau, Tcnn.—An election was held in Harriman on
March 9 to vote on the proposition of issuing $15,000 of bonds
for electric-light purposes and $50,000 for water-works pur
poses.
Hayes County, T ex.—County Treasurer F. M. Johnson is
desirous of floating county bonds to the amount of $35,000,
NEW LOANS.
NEW LOANS.
815,000
WE OWN AND OFFER SUBJECT TO
B O N D S .
M ONTANA.
1
0
LOAN.
0
, 0
0
State o f Wyoming,
City o f Cleveland, 0.,
-
-
•
-
City o f Minneapolis, Minn.,
Kansas City, Mo., Sckool,
City o f Lincoln, Neb.,
4 l-2s
•
-
-
City of Winona, Mien.,
•
-
4s
-
N e w Y o r k C ity ,
3 3 W a l l S tr e e t.
G
e o r g e
BANKERS
o l l i n s
NT.
W
.
H
a r r i s
&
C
S o n s ,
R o n to n , M a s s .,
!£ 1 6 E x c h a n g e B u ild in g ,
E u s t i s
AND
. CIN CINNATI.
&
OHIO
B r o t h e r s
&
C o . ,
28 S T A T E S T R E E T , B O STO N .
BANKERS,
15 WALL STREET, NEW YORK.
C H IC A G O .
N A S S A U S T R E E T , N E W i’ l l l K .
Milwaukee County, Wis.
5
Per Cent County Building Bonds,
BOSTON.
DUE J U L Y 1, 1907 .
S E C U R E D B Y S IN K IN G F U N D .
R e a l v a l u e o f t a x a b l e p r o p e r t y ................
§350,000,000
A s s e s s e d v a l u a t i o n ................................................ 127,950,785
T o t a l d e b t ( c o n s t it u t i o n a l li m it 6 p e r
c e n t ) o n l y ...............................................................
135,000
P o p u l a t i o n , 265,000.
T h e C it y o f M ilw a u k e e is t h e C o u n t y S e a t.
A d e s ir a b l e i n v e s t m e n t f o r t r u s t e s t a t e s .
L a m
p r e c h t
11
W A L L
B r o s .
S T ., N E W
&
C o . ,
Y O R K .
FOR SALE.
f u r t h e r p a r t i c u la r s
u p o n a p p lic a t io n .
fu rn is h e d
C. H. WHITE 8c CO ,
1 8 3 D e a r b o r n S t .,
C H IC A G O , I L L .
G
*72 B r o a d w a y ,
NEW YO R K .
M
.
H
u s t o n
STOCK
&
C
o .
DEALERS
W e b u y a n d s e ll o u t r i g h t a ll W e s t e r n
M u n ic ip a l B o n d s a n d S t o c k s .
We
c h e e r f u l ly f u r n is h f u l l a n d r e lia b le in
fo r m a t i o n c o n c e r n i n g a n y W e s t e r n s e
c u r it y w it h o u t c h a r g e . M o n t h ly q u o
t a t io n c i r c u la r m a ile d t o a ll a p p lic a n ts ,
N e ® I ssu e s o f m u n ic ip a l b o n d s w a n te d .
THE WALL STREET JOURNAL.
A n in v a lu a b le fin a n cia l d a ily ; § "> a y ea r. S a m p le c o p y
fr e e . D O W , J O N E S & CO ., P u d i s h c ts, 41 B r o a d St.
e o .
lONDAND
C o . ,
BROKERS,
B o sto n
o . ,
0
&
and
COMMERCIAL PAPER.
5
P r ice s a n d
R
Y ork
U PO N A P P L IC A T IO N .
C h ip p e w a F a l l s , W i s c o n s i n .......... 6 p e r c e n t .
D u b u q u e , I o w a .......................................... 5
“
S i o u x C it y . I o w a ....................................... 6
4
4
F i n d la y , O h i o ...............................................6
"
C o l u m b u s , O h i o .......................................... 6
“
N ew B r ig h t o n , P a ., G o l d .................... 5
“
M u s k e g o n , M i h .....................................5
4
1
.
N ew
D E A L E R S IN
S l a k e
6 PER CENT GOLD BONDS.
H
o f th e
S to c k E x c h a n g e s .
P R IC E A N D F U L L P A R T IC U L A R S F U R N IS H E D
NEW LOANS.
E .
SAFE.
5s
Great Falls, Montana,
is s u e d f o r s e w e r s , p a r k s a n d f u n d in g . D e n o m in a
t io n §1,0 0. D a t e d J u ly 1 st, 1892. D u e t w e n t y y e a r s;
p a y a b le a f t e r t e n y e a r s.
R e a l v a lu a t io n ...................................................... §12,000,000
A s s e s s e d v a l u a t i o n .................................................... 7,000,00 *
T o t a l d e b t , t h is is s u e in c lu d e d ......................
150,000
P o p u la t io n 10,000.
P r i c e f u r n is h e d o u a p p lic a t io n . W e h ig h ly r e c o m
m en d th e bon ds.
M em bers
6s
6s
-
B O N D S
5s
City o f Roanoke, Va.,
City o f St. Louis, Mo ,
T
L I S T S ON A P P L I C A T I O N ,
- 4s
-
-
6s
E N
FOR
6s
H dsou County, N. J.,
S e a le d p r o p o s a ls w ill b e r e c e iv e d a t t b e o ffic e o f
t h e C ity C le rk . C it y o f A n a c o n d a , D e e r L o d g e C o u n ty ,
M o n t a n a , u n t il t w e lv e (12) o ’ c l o c k M ., o n A p r i l 3d,
A . D ., 1893. f o r t h e p u r c h a s e o f p u b l ic im p r o v e m e n t
b o n d s o f t h e C ity o f A n a c o n d a , D e e r L o d g e C o u n t y ,
M o n t a n a , ro t h e a m o u n t o f f i ft e e n t h o u s a n d (§15,000)
d o lla r s , t o b e o f t h e d e n o m in a t io n s o f fiv e h u n d r e d
(§5 0 0 ) d o lla r s , o r o n e t h o u s a n d (§1,000) d o lla r s e a c h ,
a s m a y b e m o s t d e s ir o u s o r p r a c t ic a b le , a n d t o b e
n u m b e r e d fr o m o n e t o fi ft e e n o r o n e t o t h ir t y , t o
b e a r d a t e M a y 1st, A . D ., 1893, a n d r e d e e m a b le a t
t h e o p t i o n o f t h e c it y in t e n (1 0 ) y e a r s a n d p a y a b le
In t w e n t y (20) y e a r s fr o m d a t e o f is s u e , t o b e a r in
t e r e s t a t t h e r a t e o f s i x (6 ) p e r c e n t p e r a n n u m ,
in t e r e s t c o u p o n s p a y a b le s e m l-a h u u a lly —J u ly 1 st
a n d J a n u a r y 1 s t —a t t h e o ffic e o f t h e C ity T r e a s u r e r
o f t h e C ity o f A n a c o n d a , M o n t a n a . S a id b o n d s a r e
is s u e d u n d e r a u t h o r it y o f s u b -d iv is io n 9. o f s e c t io n
325, fi ft h d iv is io n , g e n e r a l la w s o f M o n t a n a , m u n i
cip a l in c o r p o r a t io n a c t o f M o n t a n a , a n d o f a n a c t a p
p r o v e d S e p t e m b e r 1 4th , 1887, e n t it l e d “ A n A c t t o
E n a b le C it ie s a n d T o w n s t o I n c u r I n d e b t e d n e s s ,”
a n d o f s e c t io n s 1 a n d 2 o f a n a c t a p p r o v e d F e b . 28,
1889, t o a m e n d s e c t io n s 1 a n d 2 o f “ A n A c t t o E n a b le
C it ie s a n d T o w n s t o I n c u r I n d e b t e d n e s s ,” a p p r o v e d
S e p t e m b e r 1 4tb , 1887; a n d a ls o o f s e c t io n 1 o f a n a c t
a p p r o v e d M a r c h 5 th , 1891, t o a m e n d s e c t io n 1 o f a n
a c t t o a m e n d “ A n A c t t o E n a b le C ities a n d T o w n s
t o I n c u r I n d e b t e d n e s s ,” a p p r o v e d F e b r u a r y 2 8th ,
1889.
T h e b o n d s a r e Is s u e d f o r t h e p u r p o s e o f p r o v id in g
a s ite f o r a n d e r e c t in g a C ity H a ll b u ild in g in t b e
C ity o f A n a c o n d a , M o n ta n a .
D a t e d a t A n a c o n d a , M o n t a n a , t h is 1 4 th d a y o f
F e b r u a r y , 1893.
J O H N C. E N G L I S H , C ity C le rk .
$
I N V E S T M
PRIOR SALE,
CITY OF ANACONDA,
NEW
NEW LOANS.
3
>5 P I N E S T R E E T , S T . L O U IS , M O ,
THE CHRONICLE.
M a r c h 1 1 , 1893. J
in t e r e s t to b e le s s t h a n
c a ll a t a n y
t im e .
6 p er cen t
b o n d s, t h is
fo r a c o u rt h o u se a n d
■ w as $ 3 , 0 3 5 , 7 6 0 .
A
It
is
to
be
M o n t c la ir S c h o o l D is t r ic t
s u b je c t to
Th e
o f
$ 2 -0 0
in t e r e s t
on
h a v in g
assessed
p er
th e
$ 1 ,0 0 0
debt
been
v a lu a t io n
sch o o l
is
and
le v ie d
th a t
o f is s u in g
p r o v in g
th e
r e d e e m in g
p a rt
th e
C
a n d
p e o p le
bonds
fo r
a
S
it y
of
, page
u p p l e m e n t
H o m e ste a d
se w e ra g e
h ave
v o te d
is s u in g
b ill a m e n d in g t h e
on
f o r t h e is s u e o f
C it y ,
p a g e 4 9 .) — B i l l s
t h o r iz in g
h ave
Lo n g
N . V .— ( S
t a t e
C it y
to
C
a n d
b e e n in t r o d u c e d
Is la n d
w ill
v o te
in t h e
is s u e
S
it y
u p p l e m e n t
L e g is la t u r e
$ 2 0 0 ,0 0 0
of
fo r
,
fo r th e fu n d in g
and
p a y in g o f
th e
f lo a t in g
th e
and
it
p u rp o se s,
&
a t th e ra te o f
t a t e
C
a n d
S
it y
6 per cen t p er an n u m , have
H aye s &
M a r t in s v ille ,
$ 2 5 ,0 0 0 , b e a r i n g
h a v e r e c e n t ly
S
V a — W a te r-w o rk s
r e c e n t ly b e e n
bonds
a t th e ra te o f
6
,
u p p l e m e n t
n s , o f C le v e la n d , O h io , a t
in t e r e s t
s o ld
N a t io n a l B a n k
to
th e
am o un t
b i l l h a s .b e e n p a s s e d
d r a in
Yienna,
N ew
r e c e n t ly
a t
been
o f
th is
a w a td e d
103 50.
te n y e a rs fro m
M id d le b o r o , M a s s — (S
o f
T h e
p la c e
to
lo a n
th e
th e
fo r
C
it y
S
u p p l e m e n t
,
lim it
in
th e
b o n d s.
o f
T h e
bonded
in
p assed
p r o v id in g
o f
t h is
w ill
has
w o rk s a n d e le c t r ic -
be
a
t o w n s h ip
o ffe re d
p o p u la t io n
N e w a rk
w it h
a
is s u e d
f o r s a le o n
of
1 5 ,2 8 6 ,
p o p u la t io n
of
C
S
it y
, p a g e 5 0 .) —
u p p l e m e n t
$ 1 0 ,0 0 0 , is s u e d f o r w a t e r
a w a rd e d
to
M e ssrs.
D a n ie l
A .
t a t e
a n d
C
S
it y
b y th e N e w
u p p l e m e n t
Y o rk
, page
L e g is la t u r e a u
am o un t o f
$ 1 9 5 ,0 0 0 f o r
b ill h a s
been
p assed
i s s u e o f $ 1 0 ,0 0 0 o f
b y th e L e g is
bonds
to
b u ild
a
b ill
page
3
$ 2 5 ,0 0 0 i n
on
t h e q u e s t io n
has
$ 3 0 3 ,7 5 0
been
fo r
in t r o lu c e d in
th e
p u rp o se
th e
o f
L e g is la
r e d e e m in g
b o n d s.
of
c it iz e n s o f t h is p la c e w i l l v o t e o n A p r il
i s s u i n g $ 9 ,0 0 0 o f
b o n d s fo r a n
e le c t r ic -
l i g h t p l a n t a n d $ 5 ,0 0 0 f o r w a t e r - w o r k s p u r p o s e s .
be
r e c e iv e d
u n t il
M a rc h
13
by
O c a la ,
o f
a
c o n tra c t
s e w e r in
M IS C ELLA N EO U S.
W.
$ 1 0 0 ,0 0 0
J
P A Y A B LE
IN
G O L D C O IN ,
1 43 S u » e r io r 8 t.,d^
7
h ig h g r a d e in-
1() W A L L S T R E E T
E x c h a n g e P la c e ^
N E W
FARSON, LEACH & CO.,
NEW YO R K ,
IN V E S T M E N T
H IG H - G R A D E L O A N S E F F E C T E D .
D e a l e r in
A ppraiser of Southern L an d V alu es.
NO. 1 9 3 CO M M O N S T R E E T ,
W K W O R L E A N S . LA
R E A L
E S T A T E
A N D
9 6 M ic h ig a n S t., M ilw a u k e e , W i s .
Sa m ’ l a . Ga y l o r d ,
jno. h
. B l e s s in g .
Gaylord, Blessing & Co.,
B A N K E R S AND B R O K E R S ,
S E C U R IT IE S
GRADE
MUNICIPAL
■Cxa m l n a t i o n a a n d
ENGINEER,
R e p o rta
fo r
In v e s to r * .
STANDS A T T H E H E A D .
« P er C ent and 7 P er C ent N e t.
C O M M I S S IO N S c h a r g e d b o r r o w e r o r
u n t i l lo a n s h a v e p r o v e n g o o d .
A
A N T O N IO , T E X A S .
le n d e r
C O .,
THE
V M E R IC A N
W R IT IN G
T H E F A IR H A V E N
M A C H IN E
3 3 7 B ro a d w a y , N ew Y o rk
LAND
COM PANY,
F A IR H A V E N ,
THE
Investment C o.,
D E S M O IN E S , I O W A .
CAPITAL PAID UP,
-
1150,000.
C h o ice I n v e s tm e n ts In th e m o s t C o n s e r v a
tiv e F ie ld iu th e W e s t
The Calieraph Typewriter
TEXAS.
BAY,
T h e L a r g e s t a n d S a f e s t H a r b o r o n t h e P a c if ic C o a s t ,
T h e G r e a t e s t A r e a o f a d ja c e n t A g r i c u l t u r a l L a n d .
T h e m o s t M a g n if ic e n t F o r e s t s o f T i m b e r in t h e w o r ld
T h e f in e s t N a t u r a l T o w n S it e a n d W a t e r F r o n t
I m m e n s e V e i n s o f t h e B e s t C o a l i n t h e W e s t which
p r o d u c e s a c o k e e q u a l t o P e n n s y l v a n i a . I r o n , 8 ilv e r e a d , G o ld a n d o t h e r o r e s . E x t e n s i v e Q u a r r i e s o f
e S a n d s t o n e f o r b u ild in g p u r p o s e s . V a lu a b l e n o r m a t io n c a n b e h a d o f
Lewis
Jos. C. Platt, C. E.,
W A T E R F O R D , IV. Y .
M O R TG AG E LOANS
FAIRHAVEN,
BONDS
T U S C A L O O S A , A L A .,
CONSULTING
P A R T IC U L A R S O N A P P L IC A T IO N .
AND
A S P E C IA L T Y
6 p e r c e n t 3 0 - y e a r G o ld B o n d s , p r in c ip a l
. a n jJ In t e r e s t p a y a b le in N e w Y o r k .
S ’4 8 ,0 < » 0 w e r e is s u e d t o r e d e e m a l i k e a m o u n t o
m a t u r in g 8 p e r c e n t B o n d s , a n d t h e b a la n c e fo
t h e c o m p le t io n o f t h e C it y H a l l .
I?1D.
W ASHINGTON.
S T . E O E IS .
HIGH
BAN KERS.
d e s t in e d t o b e t h e g r e a t M a n u f a c t u r i n g a n d C o m m e r c ia l C e n te r b e ca u se i t h as
F i r s t M o r t g a g e s o n Im p r o v e d M ilw a u k e e R e a l
E s t a t e , b e a r in g s i x a n d s e v e n p e r c e n t in t e r e s t
a lw a y s o n h a n d . N o c h a r g e t o t h e in v e s t o r f o r c o l
le c t in g in t e r e s t o r lo o k in g a f t e r t a x e s a n d f i r e in s u r
a n c e . A b s o lu t e s e c u r it y .
H a v e p u r c h a s e d f r o m t h e C it y o f
8 4 8 ,0 0 0
GOLD.
B E L L IN G H A M
IN V E S T M E N T S ,
W ESTERN
a
IN
F U T U R E M E T R O P O L I S O F P U G E T SOUND
Hackett & Hoff,
BANKERS,
B A L T IM O R E ,
P R IN C IP A L A N D IN T E R E S T P A Y A B L E
B A L T IM O R E ,
B r o w n t o n , I n d ........................
6s
B o o n e C o u n t y , I n d ............ ....................................... 6 s
F r a n k f o r t , I n d ............................................................. 5 s
S t o n e w a l l C o u n t y , T e x a s ....... ............................6 s
C u s t e r C o u n t y , S . D ............................................... 6 s
T o w n o f L a J u n t a , C o l ..........................................6 s
C h n fle , C o l ........................................................................6 s
A t c h i s o n C it y , K a n s a s ............................................4 s
P i t k i n C o u n t y , C a l .....................................................$ s
M a r t i n s v i l l e , V a ..........................................................4 s
F o r t P a y n e , A l a ...........................................................6 s
Y o r k v i l l e , S . C ............................................................. 6 s
M o n oe C it y , M i c h ......................................................4 s
Wilson, Colston & Co.,
p ay
$ 1 5 ,0 0 0 .
Street Railway Bonds.
BANKER.
Southern Timber Lands.
73 W A L L STREET, NEW Y O R K .
co n
FISH ER & S H A W ,
W . H . Howcott,
B O N D S .
FO R SA LE B Y
th e
C a b le A d d r e s s , “ K E N N E T H . ”
2 W a ll S t.
Le Roy Davidson & Co.,
fo r
M IS C E LLA N E O U S .
Y O R K .
O F IN V E S T M E N T S .
F R A N C IS S M IT H
a w a rd e d
Hayes & Sons, First Mortgage 6 Per Cent
Dealers in MUNICIPAL BONDS.
P r ic e a n d P a r t i c u l a r s on A p p l i c a t i o n .
1 1 5 D earborn S t.
been
B A N K E R ^
S t r e e t R a ilw a y B o n d * a n d o th e r
v e s tm e n ts .
5s.
C H IC A G O ,
h as
O c a la , th e c o m p a n y to a c c e p t in
m e n t 8 p e r c e n t 2 0 - y e a r b o n d s to th e a m o u n t o f
City of Waco, Texas,
P R IN C IP A L
F la .— A
st r u c tio n
$ 2 5 ,0 0 0 .
N E W LOANS.
L IS T
a p p r o p ria t in g
O b e r li u , O h io .— T h e
S t e in e r , C it y C le r k , f o r th e p u r c h a s e o f 4 p e r c e n t p a v in g
W R IT E F O R M A R C H
th e
N ia g a r a , N . Y .— A
d a t e o f is s u e .
and
t a t e
M o n ro e , M id i.— B id s w ill
AND
, p a g e 9 6 .)
in t r o d u c e d
t o w n h a ll.
F ir s t
ta x e s.
GOLD
im
.
b o n d s to th e
O h io .— A
la t u r e p r o v id in g
to th e
b e a rs in t e r
th is to w n h a v e v o te d to b o rro w
b o n d s to th e a m o u n t o f
to is s u e
and
p u rp o se s.
N ia g a r a r e s e r v a t io n
2 7 .) — T h e p e o p le o f
o f
fo r a
a t 1 0 0 '6 9 .
R o c h e lle , N . Y .— (S
and
SAN
w h a t
been
Y o rk
t h o r iz in g t h e is s u a n c e o f
of
p er cent p er an n u m ,
h o u se b o n d s
o f M a s s illo n
w ill m a tu r e in
u p p l e m e n t
be
i s s u e $ 5 5 0 ,0 0 0 o f
a n d
N ew
tu re
IN T E R E S T
t a t e
h ave
Co. o f N ew
e s t a t t h e r a t e o f 6 p e r c e n t p e r a n n u m , p a y a b le s e m i- a n n u a lly ,
Jo h n
to
of
5 0 .) - A
1 0 2 '1 5 .
b e e n s o ld .
M a s s illo n , O h io .— E n g in e
$ 1 0 ,0 0 0 h a v e
S
it y
b u ild in g
c it y
N e w b u rg , N . Y .— (S
in
w o rk s
C a l.— (S
e n la r g in g
o r d in a n c e h a s b e e n
H a ll
th e
M o ra n
a n t ic ip a t io n
C
a n d
c h a rte r ,w ill
N e w a r k T o w n s h ip
in c lu d e s
page
am o unt of
t a t e
c it y
B o n is o f th is c it y to th e a m o u n t o f
A n g e le s ,
c a ll
b e a u t h o r iz e d
$ 2 2 ,0 0 0 f o r
T o w n s h ip , O h io .— B o n d s
S c h o o l b o n d s t o t h e a m o u n t o f $ 1 0 ,0 0 0 , b e a r i n g i n t e r e s t
to W . J .
to
a
1 4 ,2 7 0 .
d e b te d n e ss.
Lo s
ask
tru ste e s
is s u e d
$ 6 0 ,0 0 0 o f b o n i s f o r w a t e r
M e m o r ia l
M a rc h 3 0 tb .
a u
a d d it io n a l
w a t e r b o n d s ; a l s o $ 2 ,5 0 0 ,0 0 0 o f b o n d s f o r s t r e e t i m p r o v e m e n t s ,
a n d p r o v id in g
w ill
N . J .— Th e
h ave
lig h t p u rp o s e s .
t h is c o u n t y
N e w a rk
Is la n d
10,
d is t r ic t s c h o o l.
c o u rt- h o u s e b o n d s to th e a m o u n t o f
C o u n t y , F l a . — T h e p e o p le o f
$ 3 5 ,0 0 0 .
1 3 9 .)
th e
N a p o le o n , O h io .— A n
t h e p r o p o s it io n o f
Lo n g
th e y
c h a r t e r d o e s n o t n o w in d ic a t e
d e b te d n e s s s h o u ld b e .
in
to
c o s t o v e r $ 1 5 ,0 0 0 .
L e v y
w h ic h
N o.
M o n t c la ir ,
L e g is la t u r e e n a b lin g t h e c it y
6 7 .)
e s t im a t e d
sy ste m
10,
M u s k e g o n , M ic h .— (S
! A
t a t e
a t
N o.
s c h o o l b o n d s to th e a m o u n t o f
1892
fo r
d t s t r ic t
m e e t in g ,
is s u e d
fo r
y e a rly .
P a — (S
re p o rte d
fa v o r
am o un t
ja il.
ta x
p u rp o s e o f p a y in g
Homestead,
bonds
T h e o u t s t a n d i n g i n d e b t e d n e s s e rf t h e c o u n t y
i s a t p r e s e n t $ 3 5 ,0 0 0
o f th e p r in c ip a l
and
429
C o .,
l|V
p r D
I'C W T
G u a ra n te e < 1 F ir® * M o r t
jS A
r C I l
u c n
I
g a g e s o n im p r o v e d la n d t
q I o w a a n d E a s t e r n N e b r a s k a . 8 a f e a n d D e s ir a b le
Q IY
P E R
D e b e n t u r e B o n d s ,s e c u r d lA
lE H
U E t l I
e d b y d e p o s it o f F i r s t
M o r t g a g e L o a n s w it h a n E a s t e r n t r u s t e e . F i f t e e n
Ye a r s ’ Su c c e s s f u l E x p e r i e n c e . Se n d f o r P a m
ph let.
W . A . H O T C H K IS S ,
A c t ’g S e c r e t a r y .
G E O . H . L E W
P r e s id e n t .
IS ,
THE CHRONICLE,
430
O c e a n s id e ,
C a l.— T h e
p e o p le
o f
t h is
p la c e
h ave
v o te d to
i s s u e w a t e r - w o r k s b o n d s t o t h e a m o u n t o f $ 3 0 ,0 0 0 .
O w e n sb o ro , K y .— (S
I t is r e p o r te d
th a t
t a t e
th e
C
a n d
p e o p le
S
it y
o f
s p e c ia l e le c t io n to b e h e ld M a r c h
,
u p p l e m e n t
O w e n sb o ro
p a g e 153 )
w ill
v o te
13 o n t h e q u e s t io n
of
at
a
is s u in g
$ 6 5 ,0 0 0 o f s t r e e t i m p r o v e m e n t b o n d s , t h e s a m e t o b e a r i n t e r e s t
a t th e ra te o f 5 p e r c e n t p e r a n n u m .
Me.—( S t a
P o r t la n d ,
B o n d s
to
o f t h is c it y to
t e
th e
M e ssrs. W o o d b u ry &
lo a n
b e c o m e s d u e in
th e
and
M e ssrs.
of
S p it z e r
C o .,
cen t
u p p l e m e n t
$ 7 5 ,0 0 0
, p a g e 1 2 .) —
h ave
been
s o ld
P o r t la n d , a t 1 0 0 T 9 .
S
it y
u p p l e m e n t
r e fu n d in g
h ave
o f
Th e
w a te r
r e c e n t ly
bonds
to
a w a rd e d
to
p r e m iu m
o f
been
T o le d o , O h io ,
, p a g e 9 7 .)
fo r
a
$ 1 ,1 1 2 .
S c h o o l D is t r ic t
fo r th e p u rp o se o f
N o. 13,
C lin t o n , l a . — T h e
S o u th
b u ild in g
C a r o lin a .— (S
Y o rk , and Jo h n
c lo s e d w it h
p e o p le o f
t h is
$ 1 0 ,0 0 0 o f b o n d s
sch o o l h o u ses.
t a t e
C
a n d
— T h e s y n d ic a te fo rm e d b y
it y
K . A .
L . W ili a m s &
S
S
u p p l e m e n t
L a n c a ste r
o d s
&
, p a g e 1 5 8 ).
Co.
m a d e to r e t ir e th e
“
is s u e o f
P er
C o n s o ls ’’ d u e in
B ro w n
J u ly .
a n c e a m o u n t s t o $ 3 ,2 5 0 ,0 0 0 , t h e s y n d i c a t e
p u r c h a s e d $ 2 ,0 0 0 ,0 0 0
o f
of
p u rch a se d
d is p o s e d
of
to
in
Ja n u a ry
C h a r le s t o n
th e
th e
se cu
f in a n c ia l
( $ 2 ,0 9 0 ,0 0 0 ) h a v e
in v e s t o r s
and
th e
ag ent
a lr e a d y
s y n d ic a te
p r o p o s e s n o w t o o f f e r t h e r e m a i n d e r ($ 3 ,2 5 0 ,0 0 0 ) i n t h i s c o u n t r y
a n d in
E u r o p e a t s o m e p r ic e y e t to b e a g r e e d
C o u n t y , O h io .— ( S
t a t e
b o n d s t o t h e a m o u n t o f $ 3 5 ,0 0 0
th e c o u rt h o u se .
5 5 .) — A
N .
¥ .— (S
t a t e
a n d
to is s u e
in
S
it y
b y th e
fo r
b ill h a s b e e n in t r o d u c e d
a u t h o r iz in g W a t e r t o w n
s e c u r e d in d e b t e d n e s s .
C
a n d
8 2 .) — A u t h o r i t y h a s b e e n g r a n t e d
upon.
u p p l e m e n t
L e g is la t u r e
W e y m o u th ,
M a s s .— ( S
3 2 .) — T h e c it i z e n s o f
t a t e
a n d
L e g is la t u r e f o r a u t h o r it y
b o n d s.
is s u e
th e p u rp o s e o f e n la r g in g
C
S
it y
,
u p p l e m e n t
th e N e w
§ 4 0 ,0 9 0
W e y m o u th
, page
to
Y o rk
of
C
it y
h ave
S
b o n d s to p a y
of
u n
b y th e
p u rp o se s.
,
u p p l e m e n t
v o te d
t o i s s u e $ 5 0 ,0 0 0
page
L e g is la t u r e
W a y n e s v ill e , O h io .— T h is p la c e h a s b e e n a u t h o r iz e d
it ie s ,
cen t
h a v in g
as
bonds
T h is
to
page
p e t it io n
th e
a d d it io n a l w a t e r
p r e v io u s ly
m e n t io n e d
S
T
A
in
th e
T h e b o n d s a re ta k e n a t p a r fla t a n d c a r r y in t e r e s t s in c e t h e ir
exem p t
fro m
c o u p o n s a r e t a x - r e c e iv a b le in S o u t h C a r o lin a .
T
E
A N
D
C
I T
Y
D
E B
T
C H
A
N
G
E S .
b a l
W e s u b jo in r e p o r ts a s
la s t
p u b lic a t io n
Som e of
T h e y a re
. L V I.
N ew
o f Ja n u a ry 28.
h k o n ic l e
d a te , J a n u a r y 1 , 1893.
t a x a tio n , a n d
T h e r e is a s in k
o f
to m u n ic ip a l d e b ts r e c e iv e d
o ur
S
t a t e
C
a n d
th e s e re p o rts a r e w h o lly n e w a n d
o f in f o r m a t io n
a d d it io n a l
to
it y
S
o th e rs
th o s e g iv e n in
s in c e th e
.
u p p l e m e n t
co ver
it e m s
th e S
u p p l e m e n t
,
S
u p p l e m e n t
,
a n d o f in t e r e s t to in v e s t o r s .
f u n d o f $ 7 5 ,0 0 0 p e r a n n u m , s e c u r e d b y p h o s p h a t e r o y a l t i e s .
T h e b o n d s m a tu re J a n u a ry
1, 1933, b u t
a re
p le a s u r e o f t h e S ra t e a f t e r t w e n t y y e a r s .
e x e c u t iv e c o m m it t e e o f t h e s y n d ic a t e
N ew
Y o rk ;
Jo h n
A le x . B r o w n
T . E .
&
S . W illia m s ,
r e d e e m a b le a t th e
T h e m e m b e rs o f th e
a re
R . A . L a n c a ste r, o f
R ic h m o n d ;
H a m b le t o n
B a lt im o r e
T ru st
&
&
C o ., a n d
G u a ra n te e
CHICAG O .
Jamieson & Co.,
S T O C K S —B O N D S ,
1ST-189 D E A R B O R N S T R E E T ,
C h icago, Ills.
P r iv a t e W ire to
I. & S. W O R M S E R , N E W
& C O .,
N EW
OF
of
h r o n ic l e
L y n c h b u rg
is s it u a t e d in
CHICAGO,
G U A R A N T E E S T IT L E S TO R E A L E S T A T E .
M A K E S A B S T R A C T S O F T IT L E .
Oilers Investors in re a l esta te securities
protection afforded by no other system of
doing business.
ness. Correspondence solicited.
B.
M.
fro m
a n d i t s h o w s t h e c i t y ’s s t a n d in g
C a p ita l, p aid -u p ............................... 9 1 * 9 0 0 ,0 0 0
Undivided earn ings, including
su rp lu s................................................
2 3 9 ,0 0 0
Deposited w ith S ta te A u d ito r. .
2 0 0 ,0 0 0
YO RK.
G L E N D I N N I N G & C O ., P H I L A D E L P H I A .
R . C . D a v id s o n ,
C o m p a n y , a ll
re p o rt to th e C
C
a n d
b e lo w
a s s e t s , v a lu a t io n , e t c ., h a s b e e n r e v is e d
9 2 , 9 4 d 9 9 W A S H IN G T O N S T R E E T .
fc
YO RK.
Special atten tion given to ou t-of-tow n b u si
of
C o .;
t a t e
1 4 8 ) .— T h e s t a t e m e n t g iv e n
th e C it y
on
of
it y
L y n c h b u r g ’s
b y m eans
o f
d e b t,
a s p e c ia l
A u d it o r , M r. K . O te y ,
F e b ru a ry 1, 1893.
C a m p b e ll C o u n t y .
CHICAG O.
Title Guarantee & Trust Illinois Trust & Savings
Bank.
Company
C h ic a g o S t o c k E x c h a n g e .
R.
B ro w r,
V ir g in ia — L y n c h b u r g .— (S
page
CHICAGO.
M e m b e rs N e w Y o r k S to c k E x c h a n g e ,
FLO W ER
A le x .
S o n s ; F . M . C o ls t o n , o f W i ls o n , C o ls t o n &
H a m b le t o n , o f
P r e s id e n t o f
D
t r u s t c o m p a n y is
ol
, R ic h m o n d , V a ., h a s ju s t
G o v . T illm a n , o f S o u th C a r o lin a , fo r th e p u rc h a s e
o f t h e e n t ir e b a la n c e o f t h e n e w
in g
above
L e g i s l a t u r e t o i s s u e $ 1 5 ,0 0 0 o f b o n d s f o r s c h o o l
d is t r ic t w i l l v o t e o n t h e p r o p o s it io n o f is s u in g
C
Th e bonds
been
W a te rto w n ,
C
a n d
p er
$ 1 2 ,0 0 0
&
of
M o u lt o n , o f
t a t e
o n e - h a lf
am o un t
S
it y
am o un t
B a lt im o r e ,
Th e
o f th e s y n d ic a te .
S ta rk
20 y e a rs .
S a g in a w , M ic h .— (S
— F o u r
C
a n d
[Y
I s a u t h o r iz e d b y la w t o a c t a s R e g is t r a r o f 8 t o c k s
a n d B o n d s , E x e c u t o r , R e c e iv e r a n d T r u s t e e f o r
E s t a t e s , S y n d ic a t e s , I n d iv id u a ls a n d C o r p o r a t io n s .
B r e e s e , M em b er N ew Y o r k S to ck E x ch a n g e
T r u s t m o n e y s a n d t r u s t s e c u r it i e s k e p t s e p a r a t e
C u m m i n g s , M e m b e r C h ic a g o S t o c k E x c h a n g e
fro m t h e a sse ts o f t h e C o m p a n y .
C H IC A G O , I L L .
C A P I T A L A N D S U R P L U S , - 9 3 ,2 3 0 ,0 0 !►
IN T E R E S T
A LLO W ED
O N D E P O S IT S .
T h i s B a n k is d ir e c t ly u n d e r t h e j u r is d ic t i o n a n d
s u p e r v is io n o f t h e S t a t e o f I l l i n o i s , i s a L E G A L
D E P O S I T O R Y f o r C o u r t M o n e y s , a n d is a u t h o r iz e d
to a c t a s T R U S T E E . E X E C U T O R . R E C E I V E R a n d
A S S IG N E E fo r E S T A T E S , I N D IV I D U A L S and
C O R P O R A T IO N S .
O F F IC E R S :
J o h n J . M it c h e ll, P r e s i d e n t .
J o h n B . D r a k e , V ic e - P r e s i d e n t .
W m . H . M it c h e ll, S e c o n d V ic e - P r e s i d e n t ,
W m . H . R e id , T h i r d V i c e - P r e s i d e n t
J a m e s 8 G ib b s , C a s h ’r . B . M . C h a t t e l l, A s e ’t C a s h * !
D IR E C T O R S
J o h n M c C a ffe ry ,
Jo h n B . D ra k e '
L . Z . L e ite r ,
W m . H . R e id ,
W m . H . M it c h e ll,
J o h n J . M it c h e ll* !
W m . G . H ib b a r d ,
J . C . M c M u llin ,
D . B . S h ip m a n ,
J . O g d en A rm o u r*
F r e d e r ic k T . H a s k e ll.
C O R R E S P O N D E N C E S O L IC I T E D .
Breese & Cummings,
The Equitable Trust C o.,
O F F IC E R 8 :
G W Y N N G A R N E T T , P r e s id e n t.
A.
H . S E L L E R S , V ic e - P r e s i d e n t .
111 AND 113 IVIONROE S T R E E T ,
A R C H I B A L D A . S T E W A R T , S e c re ta ry .
1 8 5 D E A R B O R N S T ., C H I C A G O .
C H A 8 . R . L A R R A B E E . T re a su re r.
B e c u r it ie a lis t e d i n N e w Y o r k , B o s t o n o r C h ic a g o
t a r r i e d o n c o n s e r v a t iv e m a r g in s .
F R A N K H . S E L L E R S , T r u s t O ffic e r.
D IR E C T O R S :
$ 5 0 0 ,0 0 0
G w yn n G arn e tt,
C h as. W . D re w ,
A.
O . S L A U G H T E R , M e m b e r N . Y . 8 to c k E x c h a n g e
W . D . K e rfo o t,
J o h n P . W i ls o n ,
6 5 ,0 0 0
H o r a o e G . C h as® ,
E d s o n K e ith ,
W M . Y . B A K E R , M e m b e r C h ic a g o S t o c k E x c h a n g e
J o h n G . s h o r t a ll.
G eo. M . Bogue.
Jo h n D eK o ven ,
A . H . 8 e U e rs.
Sam u el B . C h ase,
A U T H O R IZ E D B Y L A W T O R E C E I V E and e x
C O U N SEL:
e c u te t r u s t s o f e v e r y c h a ra c te r fr o m c o u rts , c o rp o ra
BANKERS,
W . C . G oudy,
J o h n P . W ils o n .
t io n s a n d I n d iv id u a ls . T a k e s e n t ir e c h a r g e o f e s t a t e s ,
A.
W . G re e n ,
A . M . Pence,
r e a l a n d p e r s o n a l. A c t s a s a g e n t f o r t h e r e g i s t r a
1 1 1 -1 1 3 L A M ALLE S T R E E T ,
t io n a n d t r a n s f e r o f b o n d s a n d s t o c k s a n d t h e p a y
m e n t o f c o u p o n s , i n t e r e s t a n d d iv id e n d s . A le g a l
Chicago Secu rities B ought and Sold.
d e p o s it o r y f o r c o u r t a n d t r u s t f u n d s .
IN T E R E S T A L L O W E D O N D E P O S IT S o f m o ney,
BANKERS,
w h ic h m a y b e m a d e a t a n y t im e a n d w it h d r a w n a f t e r
f iv e d a y s ’ n o t ic e , o r a t a f ix e d d a t e .
T R U S T F U N D S A N D T R U S T IN V E S T M E N T S
a re k e p t se p a ra te an d a p a rt fro m th e a ss e ts o f th e
100 W a sh in g to n Street,
com pany.
BA N K E R S AND B R O K E R S,
CHICAGO
CAPITAL, PAID UP,
S U R P L U S ,-----------
A. O. Slaughter & Co.,
C H IC A G O , IL L S .
Herman Schaffner & Co.
Loeb & Gatzert,
C O M M E R C IA L PAPER,
M OR TG AG E BANKERS]
125 L A S A L L E S T R E E T , CHICAGO.
C H IC A G O , I L L .
F i r s t M o r t g a g e s f o r s a le i n la r g e a n d s m a l l a m o u n t s ,
n e t t in g in v e s t o r s 6 , 6 ^ a n d 6 p e r c e n t , s e c u r e d b y
Im p r o v e d a n d in c o m e - b e a r in g C h ic a g o c i t y p r o p e r t y .
Cahn & Straus,
Principal and Interest payable in G o ld .
BANKERS,
C O R R E S P O N D E N C E S O L IC IT E D ,
1 2 8 L A S A L L E S T ., C H I C A G O ! '
Fred. G. Frank & Bro.
L O C A L S E C U R IT IE S A S P E C IA L T Y .
9 9 W A S H I N G T O N S T R E E T , C H IC A G O .
Correspondence. Invited.
V
4
G e n e ra l B a n k in g Bu slneas T ransacted .
f IB S T M O R T G A G E L O A N S O N IM P R O V E D C IT Y
R E A L E S T A T E FOB SALE.
M e m b e r s o f t h e C h ic a g o S t o c k E x c h a n g e .
D IR E C T O R S :
A Z EL F. H ATCH ,
CHAS. H . H U LBU R D ,
M . W . K E R W IN ,
G EO . N. C U LV ER ,
H A R R Y RU BEN S,
M A U R IC E R O S E N F E L D ,
J. R. W A LSH ,
SAM U EL D. W ARD,
O TTO YO UN G .
O F F IC E R S :
J . R . W A L S H , P re s id e n t.
S A M U E L D . W A R D , T re a su re r.
L Y M A N A . W A L T O N , S e c re ta ry .
THE CHRONICLE
M arch It, 1808.
When Due.
LO A N S—
Funded I n t e r e s t . — 1866&1871.
6-<. J&J, $ 1 ,3 4 1 .......................1900
3s, J&J, $ 5 3 ,0 4 8 .............1004-1905
G e n b r a l E x p en s es — 1870.
3 s , J&J, $ 5 0 , 0 0 0 ........................................1 9 0 5
L rN n n B U R O & I) \ V. R It .— 1 371.
0 -*, J & J , $ 3 0 0 , 0 0 0 .......................................1 9 0 1
L v n c h . H . & N. C. B B — 1 8 7 1 .
LO A N S When Due,
P u b l ic I m p r o v e m e n t s — 1 8 9 0 .
4 s , * J & J , $ 6 0 , 0 0 0 ..................................... 1 9 3 4
R e d e m p t io n B o n d s— 1 8 7 0 a n d
1889.
5 s , * J & J , $ 1 6 6 , 1 0 0 ..................................1 9 1 4
Sc h o o l B o n d s— 1 871 a n d 1880.
8 s , J & .T , $ 3 0 , 0 0 0 ........................................ 1 9 0 5
6 s , t A & O . $ 3 1 . 0 0 0 ...................................1 9 0 0
S u ppo r t o f Po o r — 1864.
5 s , ' . T & J , $ 2 5 0 , 0 0 0 ..................................1 9 3 0
Subject to call after 1897.
M
ark et
H
ouse and
G
rou n d s.
9 s , J & J , $ 1 9 ,4 5 3 ............................1 9 0 5
3 s . J & J . $ 3 6 ,0 0 0 ............................1 9 0 7
P e r m a n e n t I m p r o v e ’n t s —1893.
o s , J & J , $ - 1 0 0 ,3 0 0 .....................................1 9 1 6
S u b je c t t o c a l l a f t e r 1 8 9 3 .
6 ,v t J A J ,
S u b je c t to
P u b l ic I m
5 s . J&J,
$
S u b je c t to
$ 4 , 6 0 0 ............................... 1 9 1 6
c a ll a ft e r 1 8 9 3 .
p r o v e m e n t s —1 8 9 2 .
3 0 . 8 0 0 ..................................1 9 2 6
c a ll a ft e r 1 9 0 3 ,
1 D E B T L IM IT A T IO N .—1 he city ’s debt is limited by its charter to 18
T
per cent ot’ the taxable values as shown by the books of tire Commis
sioner of the Revenue.
ASSESSED V A L U A T IO N .—1 he c ity ’s assessed valuation (about 85
T
per cent o f cash value) and tax rate have been as follo w s:
3 5 ,0 0 0
5 s ,* J & J ,
3 s , * J & .T .
5 s ,* t J & J ,
..
1 8 9 1 ..
.
1 8 9 0 .. . .
1 8 8 9 ..
1 8 8 8 . . ..
. $ 2 4 , 5 0 0 ................................1 9 0 0
3 5 , 0 0 0 ................................ 1 9 0 1
J& .r,
1912
1 0 0 ,0 0 0 ................................1 9 1 5
2 0 ,7 0 0
1916
1 3 , 5 0 0 ...................................1 9 2 6
t All in sinking fund.
1 6 1 5 .) — T h e f o l l o w i n g
I N T E R E S T on the Lynchburg & D anville RR. bonds is payable in
Baltim ore; on all other bonds interest is payable at the office o f the
City Treasurer, Lynchburg.
o f a s p e c ia l r e p o r t to t h e C
T h e
d e b t.
A
G
O
M
.
SA LLE
S T R E E T , C H IC A G O .
W e m n lie a s p e c i a lt y ot
In v estor 4
to 6
L
T h is
ta x
Room s 9 7 4
s p e c ia l
fo r th e
fo r
fro m
u p p l e m e n t
c o rre c te d
,
pags
b y m ean s
H o n . H . H . S te w a rt,
ta x
o l
p aym en t
1 8 9 9 —9 3 w i l l
w ill
1
p er
cen t
y ie ld
b o n d s o r U n ite d
S e lm a is in
in
$ 4 6 ,5 7 9 6 5 , a n d
When Due.
B
e f u n d in g
ond s—
M a y o r S t e w a r t is
a u t h o r ity
e n t p o p u la t io n w it h in
E
O
U
b y la w
th e
t h a t th is
b o n d s , A la b a m a
S ta te
th e
Tax valuation 1892-3. .$4,657,908
Assessm ent about 23 actual value.
T a x rate (per $ 1 ,000 )...........$29-00
P opu lation 1890 w a s.............. 7,622
P opulation 1880 w a s..............7,529
fo r th e s ta te m e n t th a t th e p re s
c it y lim it s
is
about
c lu d in g s u b u r b s u n d e r p o lic e ju r is d ic t io n
N
aa
D a lla s C o u n t y .
4s, J&J, $4 83,000.......July 1 ,1 9 1 0
Floating d ebt...................... $2,800
Total debt Dec. 1392..........483,300
A
to ta l
S ta te s b o n d s.
LO A N S—
R
e ith e r
th e
th e b o n d ed
a m o u n t t o b u t $ 1 9 ,8 2 0 , t h e r e
I t is r e q u ir e d
in v e ’s t e d
on
o f in t e r e s t o n
S e lm a
be
S
.
P
A
Chem ical Industries In vestigated, N ew P ro ce sse t
ffixamined. Plans and Specifications o f W o rk s Fur*
dished. A ls o Y ea rly C on tracts f o r C onsultations.
M U N IC IP A L BONDS
th e
L
a
Chemical Engineers and
Consulting Chemists.
R A N K E R S,
l,A
E
S
it y
been
w i l l b e a s u r p l u s o f $ 2 7 ,2 5 9 6 5 .
$27,604
75,000
387,654
195,692
C
le v ie s
v a lu a t io n
W IL L IA H H E N R Y CH AN D LER
W A L D H O N S H A P L E IG H ,
Geo. A . Lewis & Co.,
132
I S
lia s
s u r p lu s
T otal.................................................................................................. $685,950
I C
C
a n d
h r o n ic l e
in t e r e s t f o r t h e s a m e p e r io d
C IT Y P R O P E R T Y .—The real and personal property o f this city, as
charged on the c ity ’s books, is valued as fo llo w s ;
H
c it y
assessed
N et debt on February 1............. $1,388,415 $1,354,491
$1,294,167
Water d ebt.........................................
$228,700
$215,200
$215,200
The sinking fund receives yearly about 1 per cent o f the city’s debt.
The am ount oP city bonds held b y tins fund on Feb. 1,1 893 , was $384,208.
C
t a t e
sta te m e n t
M a y o r.
T O T A L D E B T , SINKING FU N D S, E t c . — The subjoined statem ent
Ahows Lynchburg’s total bonded debt and the sinking fund held by the
eity against the same on the 1st o f February o f each o f the last three
y e a rs:
1803.
1802.
1801.
Tot. fund, debt (incl. water debt). $1,784,742 $1,713,442 $1,617,842
Sinking fu nds...................................
306,326
358,951
323,675
Property o f F ire D epartm ent......................................
School property....................................................................................
Property o f Water D epartm ent........................................................
Miscellaneous c ity property, real estate, etc................................
O ily T a r
p . $1,006
$2,643,217
2,573,412
2,300,000
2,127,883
2,205,908
2,082,447
2,040,974
1,617,640
8 ,1 1 0 ,0 0 0
A la b a m a — S e lm a .— (S
* E xem pt from taxation,
Tot. Assessed
Valuation.
P erson al
Properly.
$8,213,998
8,109,723
$10,957,215
$16 00
10,683,135
1600
10,410,000
16*00
.
7,042,027
9,169,910
15 00
6,964,657
9,170,563
16-50
6,869,736
8,952,183
1 8 8 7 ..
.
16*50
1 8 8 5 .. ..
6,554,876
8,595,850
15*00
5,237,635
1881..
..
6.855,275
15*00
P O P U L A T IO N .—In 1890 population was 19,709; in 1880 it t i i
15,959; in 1870 it was 6,825.
1 8 9 2 ..
W ater bon ds—
6s.
Real
Estate.
I ,Tears.
,
C s . J & .T , $ 7 , 0 0 0 ............................................. 1 8 9 4
T a x a t io n B o n d s — 1866.
6 s , J & .T , $ 1 8 , 0 0 0 ........................................1 9 0 3
V a . & t b x n . B E . B ond s.
6 s , J & J , $ 1 8 2 ,5 0 0 . . . 1 8 9 0 to 1 9 1 5
6 s ,t A & O ,
6 s, J & J .
43
» S , 8 0 B road w ay , N e w York*
A
C
I F
I C
1 0 ,0 0 0 , a n d
in
i t i s 1 2 ,0 0 0 t o 1 3 ,0 0 0 .
C
O
A
S
T
.
Merchants National Bank
O F S E A T T L E , W A S H IN G T O N .
U N IT E D 8 T A T E S D E P O S IT A R Y
A n gu s M ackintosh, P res. |A b ra m B ark er, V ic e -F iy s .
W m . T . W ick w are. Cashier.
C a p ita l, 6 2 0 0 ,0 0 0 I S u rp lu s, e tc ., 6 4 6 ,0 **^
In terest-b ea rin g C ertificates o f D e p osit.
S ap erlor C o lle ctio n F acilities.
C o rre sp o n d e n ce Boftdvwf
P e r C en t p e r l
annnm .
List, o t Securities m ailed upon app lication.
Jos. O. Osgood,
j
Merchants Nat’l
Bank,
P O R TLA N D , OREGON.
M. A m . 3oo. C. E.,
C O R R E S P O N D E N C E IN V IT E D .
T O INVESTORS.
C h i c a g o
C o - o p e r a t i v e
C o n s t r u c t i o n
C O N S U L T IN G E N G IN E E R ,
130
-
NEW
YORK.
C o .
White & Clark,
(IN C O R P O R A T E D .)
A w tG e r lz e d C a p it a l.
B R O A D W A lj
M akes sp ecialty o f rep orts o n railroads and o th e
! Investm ent properties.
E xam inations m ade In any part o f the cou n try
J.
8 1 ,0 0 0 ,0 6
S h a re s 8 1 0 0 E a ch .
7 P e r C en t G u a ra n teed .
'SBC U R ED B Y C H ICA G O R E A L E S T A T E FIR ST
M O R T G A G E S.
A L IM IT E D N U M B E R o f shares are n o w offered
f o r safe at th e office:, o f the Com pany,
0 1 8 . « 1 T and 6 1 8 R ia lto Building,
C H IC A G O .
T O M . IN F O R M A T IO N U PO N A P P L IC A T IO N
C O N S U L T IN G E N G IN E E R S ,
Merchants National Bank
E x a m in e r s o t M in e s , P r o c e s s e s a n d I n d u s
t r ia l E s t a b lis h m e n t s .
T A C O M A , W A S H IN G T O N .
E X P E R T E X A M IN A T IO N S A S P E C IA L T Y .
O ff ic e s , T h e T i m e s B u i l d i n g , F o u r t h A r e , ,
P I T T S B U R G , U. 8 . A .
Z ta tien In th e h!
Bank Stocks,
R a ilw a y
and
F in a n c i a l C o u n s e l,
The First National Bank
O F SAN F R A N C IS C O , C A L ,
NEW
YOKK.
B A N K E R S ,
M IN N .,
C ollection s a sp ecialty j
SAN FRANCI8CO,
S tre e t
S. H . Wood & Co.
G u a r a n te e L oan B u ildin g,
C a p ita l.........................................................* 3 5 0 ,
S urplus and U ndivided P rofits.......* 1 0 0 , 0 0 8
Z C orresp on d en ce solicited .
M I L L S B U I L D I N G , W A L L S T .,
M IN N E A P O L IS,
(O L D E S T B A N K IN T H E CIT Y.)
Interest Paid on Time Deposits.
Edward E. Higgins,
CO RR E SPO N D E N C E IN V IT E D .
IN V E S T M E N T
£ LO W ^ B H B O V Praiu*’ ’ JAB.’ 8 T E E L ,’ Ylce-’ S S J ,
I . A . M A C R U M . C ashier.
S E L L S S IG H T E X C H A N G E
AND
TELE
G R A P H I C T R A N S F E R S , an d ISSU E S L E T T E R S
Of C R E D IT a v a ila b le th r o u g h o u t th e U n ite d S ta te s '
D R A W S B IL L S O F E X C H A N G E o n L o n d o n ,
L iv e r p o o l, D u blin , P a ris, B erlin , F r a n k fo r t -o n -t h a M ain, and all th e prin cipa l citie s o f E u ro p e \ also o «
H ong K on c.
C O L L E C T IO N S M A D E on all a c c e s s ib le p oin ts.
SECURE
BANK
VAULTS.
o f M in neapolis Secnrlortgage and Bonds.
U N IT E D S T A T E S D E P O S IT A R Y .
C A P IT A L ,
.
.
.
* 1 ,5 0 0 ,0 0 1 1
SU RPLU S,
.
.
.
* 8 3 0 ,0 0 0
S. G. M u h p h t , P re sid e n t. B. D. M o r g a n , Cashier
IAJUSS M o w iT T , V .-P r e s . G. W . K u o r a , A sst. Cask
G E N E R A L B A N K IN G B U S IN E S S .
A C C O U N T S S O L IC IT E D
CORKS3PONDINC3 SOLICITED.
M U N IC IP A L S EC URITIES
OF
P IT T S B U R G
AND
D e a l t In b y !
|as.
J«
JOSEPH Cl LLOTTS
GENUINE
V I C IN IT Y
Carothers,
» « P O U R T H A V K ., P I T T S B U R G , P A .
W E L D E D
C H R O M E
S T E E L A N D
IR O N
in B ou nd and F lat Bars, and 5-ply Plates and A n gle s
F O B 8A F K 8, V A U L T S , Ac.
Cannot be Sawed, Cut, or D rilled, and positively
B u rg la r-P ro o f.
CHROME
STEEL
d o le M an’f ’e r s in t h e U .8 .
W ORKS,
B R O O K L Y N , N. Y .
STEEL
PEN S
Nos. 3 0 3 - 4 0 4 - 1 7 0 - 6 0 4 ,
A n il o th e r s t y l e s t o s u t t a lt h a n d s.
THE HOST PESFECT O PEW
P
S,
THE CHRONICLE.
4.32
©trtlxm.
|Vo l . L V ,:
©JOttfltt.
f i n
a
n
c
i a
l .
Walter T. Batch,
WOODW ARD
Henry Prescott Hatch,
& S T IL L M A N ,
IN M A N , S W A N N & C o
MERCHANTS
M
E R C H A N T S ,
YORK.
N ew Y o r k .
COTTON OF ALL GRADES BUITABLE TO
WANTS OF AMERICAN SPINNERS.
L e h m a n , S t e r n & C o ., L i m i t e d , N e w O r le a n s . L a
L e r a M A N - D u iu i C o M M o n t g o m e r y , A l a .
^
BROS.,
CO M M ISSIO N M E R C H A N T S ,
N o.
40
E xc h a n g e
N
ew
Y
o l k
S T R A U S S 6t C O ..
M a n c h e s t e r , a n d a t p r in c ip a l C o t t o n C e n t r e s
o n t h e C o n t in e n t .
STR A U SS
COTTON
8XBCU TH O KDKR8 FO B
&
C O .,
MERCHANTS
4 S u a O W S ’ S B U I L D IN G S .
FU TU R E
D E L IV E R Y
Hopkins, Dwight & C o.,
COTTON* C O TTO N SEED
AND
a t th e N B W Y O R K P B O D U C B K X C H A N G B and
________ t h e C H I C A G O B O A R D O F T R A D E .
M
«fc C O .,
S p e c ia l a t t e n t i o n g iv e n t o o r d e r s f o r c o t t o n
f o r e ig n o r d o m e s t ic s h ip m e n t .
J . O . BLOS8.
fo r
G a o . H . C h o k c h , S p e c ia l
J. O. BLOSS & C O .,
COTTON
!1'J
W illiam
A N
T S ,
Street,
Crenshaw & Wisner,
P la c e , N e w Y o r k ,
O
N
,
M
A
S
S
G R A IN . P R O V IS IO N S
STO CKS.
AND
Geo. H . McFadden& Bro.
P H
IL U
G R A D E
I N
V E S T M
E N
t E L F H
U
M e m b e rs o f N e w Y o r k a n d B o sto n S to c k B x o h a o w *
E s t a b lis h e d
C . H A LL O W E L L.
1 S?3 .
H . M . J O R A L » « r ..
Chas. Hallowell & C o.,
G ra d e
D e n ve r
In v e s t m e n t s ,.
2 2 9 - 2 3 5 E q u it a b le B u ild in g ,
D E N V E R , C O L.
P H I L A D E L P H I A ,
NEW Y O
4 0 (i G ira rd B ld g .
C R E N S H A W
C O .,
R IC H M O N D , Y A .
S t a n d a r d B r a n d s o f F l o u r f o r S h ip m e n t
■ ..C lim a te* a lw a y s o n h a n d .
E. D . Shepard & Co,.,,
SU C C ESSO RS
TO
to W a rm
F R E D E R IC
C O M P A N Y
Z E B E G A
*
C O .
Bliss, Fabyan & Co.,
SO P V IR G IN I
BULLING A G E N TS F O B L E A D IN G B R A N D S
BROWN
H ig h - G r a d e P y r i t e s , f r e e f r o m A i s e n lc .
S ta te *
C o u n ty
and
C it y
Bo nds*
7
PINE 8TREET NEW YORK
IN V E S T M E N T
S E C E R IT IG t
m id : J L E A C H E D
R
S H IR T IN G
and S H E E T IN G S ,
T r a n s a c t a g e n e r a l b a n k in g b u s in e s s , in e t a d s a *
t h e p u r c h a s e a n d s a l e o n c o m m is s io n o f secajctfib*
d e a lt I n a t t h e N e w Y o r k S t o c k E x c h a n g e .
WAYLAND TRAj
SX,
ALfUID N. BASXXK.
BDWAKB3 WaiTAKHK.
CHARJLM8 nODOatAJ#
Whitaker & Hodgman,
BOND AND ST O C K
BROK ERS*
P R I N T S , D E N I M S , T IC K S , D U C K S , ± 0 .
J. Spencer Turner,
2 0 0 N o r tk F o u r t k S tre e t,
T o w . I * , Q u i l t , , W h i t e G om ds a n d H o . i e r r ,
S T . L O U IS .
Drills, Sheetings, <tc., for Export Trade.
SU C C ESSO R TO
ftrfn c k c rlio lf, T u r n e r & C o.,
D E A L E R IN
S A IL
ji t a l l
ld
s
k in d s
DUCK
or
C O T TO N C A N V A S F E L T IN G D U C K ,
C A R C O V E R IN G , B A G G IN G ,
R A V E N S D U C K , S A I L .T W IN E , * c .,
“ A W N IN G ” S T R IP E S .
A G EEV S
U N IT E D S T A T E S
B U N T IN G G O .
_ A f u l l s u p p ly , a l l W i d t h s a n d C o lo r s , a lw a y s in
fffeOSUL
N e . 1 0 9 D u a n e S tre e t.
V
?
IS W all Street, New York..
KJSW Y O R K . B O S T O N , P H I L A D E L P H I A
C O T T O N
RRv
9 1 T im es
B A N K E R S AMD B R O K E R !
,
Lm apooL ooB su ro v D sm ,
AGEN CY OF
AND
T *
Way land Trask & Co.,,
M E R C H A N T S ,
d io m b e r t o f t h e C o t t o n , C o fle e a n d P r o d u c e K x o h 's .
M AN U FACTU RER
.
Hatch & Foote,
C O TTO N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
C O T T O N
M IN E S
T
L . Ro u n trx*.
albkkt
CO M M ISSIO N M E R C H A N T S .
S U L P H U R
H I H H
C O M M I S S IO N M E R C H A N T S ,
L u c i u s H o p k in s S m i t h .
S a m u e l H o p k in s .
H A X A L L
S
A U G . T. POST, Banker*
YORK.
W . D . Rountree & Co.,
CO TTO N , C O F F E E ,
T H E
O
D R E X E L B U I L D IN G , B R O A D 8 T M *
NBW Y O K E
its & I S E x e h t U K C
Prince 6c Co,.,
M ERCHANTS,
NEW
Si#« C o t t o n E x c h a n g e B u i ld in g ,
fe u jrt& v n s C . H o p k in s .
C h a r le s D . M i l l e r .
B
H ig h
P R I C E , R E I D & A D A M S , L im ite d .
C h a r le s t o n , 8 . C .
O IL .
E R C H
H.
General Commission Merchants.
M e m b e rs N e w Y o r k S to c k E x c h a n g e , N e w Y o r k
C o tto n E x c h a n g e , N e w Y o r x P ro d u c e E x c h a n g e , N e w
Y o r k C o ffe e E x c h a n g e . C h ic a g o B o a r d o f T r a d e .
O rd e rs e x e c u te d o n a n y o f th e a b o v e E x c h a n g e s ,
a ls o f o r p u r c h a s e a n d s a le o f c o t t o n f o r f u t u r e d e
l i v e r y i n N e w O r le a n s a n d L iv e r p o o l. L i b e r a l a d
v a n c e s m a d e o n c o t t o n c o n s ig n m e n t s .
W . D. Roun tree.
I S S I O N
F.
C O T T O N B X C H A N G H B U IL D IN G
N EW Y O R K ,
AND
M
X ,
Hubbard, Price & Co.,
SO U TH ER N PRODUCE
C O M
t
P R O V IS IO N S
N orfolk , V a.
a t t e n t i o n g iv e n t o c o r r e s p o n d e n c e w it h I n fce rio r C o t t o n M e r c h a n t s a n d B u y e r s f o r t h e p u r
c h a s e a n d s a le o f C o tto n b o th o n sp o t a n d f o r f u t u r e
d e li v e r y .
I- q
BANKERS AND BROKERS’
a t th e N B W Y O R K C O F F B B H X C H A N G H , and
P R IC E , R E ID
L IV E R P O O L .
N ew
C O FFEE
C R A IN
.
S t .,
MERCHANTS,
1 0 Co 2 2 W ill ia m S tre e t, N e w Y o r k .
CO TTO N
O r d e r s e x e c u t e d o n t h e a b o v e E x c h a n g e s a s w e ll
a s in N e w O r le a n s , C h ic a g o a n d f o r e ig n m a r k e t s
8 T R A U 8 S &CO.
Savan n ah and
N e w O r le a n s .
COMMISSION
Kt th e N B W Y O R K , L IV E R P O O L A N D N B W O B L K A N 8 C O T T O N K X C H A N G K 8 . A l « o rd e r! fo r
NEW YORK.
6 W a ll
Henry Hentz & Co.,
P la c e ,
MEMBERS OF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
&
B ro a d w a y
D e a le r s in in v e s t m e n t s t o c k s a n d b o n d s .
P e r s o n a l a t t e n t i o n g iv e n a t t h e N . Y . 8 t o a u < x
E
c h a n g e f o r t h e p u r c h a s e a n d s a l e o n c o m m is s io n c
s t o c k s a n d b o n d s f o r c a s h o r o n m a r g in .
I n t e r e s t a llo w e d o n d e p o s it s , s u b je c t t o - d r a ft a t
s ig h t.
16 to 22 W ILLIA M S TR E E T ,
LEHMAN
W . T . Hatch & Sons,
96
C O T T O N
NEW
Arthur Melvin Hoteh
M e m b e rs o f N . Y . S to c k a n d P ro d u c e 3 x o h a ? w « -
Geo.
American Exchange Bank
Copeland & Co.,
CO TTO N
129 P E A R L
STREET, N EW
C o t t o n la n d e d a t M i l l s f r o m
s p e c ia lt y
S T . L O U IS , M O.
C a p i t a l , - 9 5 0 0 * 0 0 0 I S u r p l u s , - 8 3 2 5 .< W # 0
B R O K EK S ,
YORK
PETER N I C H 0 L 3 0 N , P r e s i d e n t .
A LV A H
S e u th e ru M a rk e ts
W e se nd
Ma s s a s o i t H o u s e ,
S P R IN G F I B I .D ,
M ASS.
T H H B E S T - A P P O I N T E D H O U S B IN W E S T BBS
N BW EN G LA N D .
C o n v e n ie n t t o r t h e t o u r i s t o r h n il n M a m a t t
U n io n D e p o t s
N ew
W . H . C H A P IN .
M A N S U R , V ic e - P r e s i d e n t ,
W A L K E R H I L L , C aahser
t o e v e r y b a n k in g p o in t I n M e .
d ir e c t
Fifth Avenue Hotel,
M a d is o n S q u a r e , N E W Y O R K ,
T h e la r g e s t , b e s t- a p p o in t e d a n d m o s t l i b e r a l ?
m a n ag e d h o te l in th e c it y , w it h th e m o st b eo & u
a n d d e li g h t f u l lo c a t io n .
H IT C H C O C K . D A R L IN G *
@FedFRASER