The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
it BPEBSENTING TH E IN D U STR IA L A N D COMMERCIAL IN TERESTS OF TH E U N IT E D STATES.
[Entered according to Act of Congress, In the year 1892, by Wu. B. Dana & Co., In the Office of the LibrarianJof Congress, Washington, D. O.]
VOL. 54.
NEW YORK, MARCH 19, 1892.
fin a n c ia l.
fin a n c ia l.
A M E R I C A N
B a n k N o te C o m p a n y .
78
to
SOLID
__________ f i n a n c i a l .
SILVER.
G O R H AM M’f ’g Co.,
86 TRIN ITY PLACE,
NEW YORK.
Business F ou nded 1795.
incorporated under Laws o f the State o f New York, 1858.
R eorga n ized 1879.
E
ngravers a n d
P
Broadway & 19th St.,
r in t e r s o f
B O N D S, PO STA C E & REVENUE S T A M P S
L E G A L T E N D E R A N D N A T IO N A L B A N *
N O T E S o f t h e U N IT E D > T A T E S ; a n d f o
F o r e ig n G o v e r n m e n ts .
ENGRAVING AND PRINTING,
BAITS; N O T E S , S H A R E C E R T I F I C A T E S B O N llf
F O R G O V E R N M E N T S A N » C O R P O R A T IO N S
D R A F T S , CH ECK "*, B I L L S O F E X C H A N G E
S T A M P S , A c ., in t h e finest an d m ost a rtistic sty I
FR O M STEEL PL A T E S,
SAFETY COLORS.
SAFETY PAPERS.
W o r k E x e cu te d in F ir e p r o o f B u ild in g s .
LITHOGRAPHIC AND TYPE PRINTING.
R A IL W A Y T IC K E T S O F IM P R O V E » ST Y L E S.
S h o w C ards, L a b e ls , C alendars.
JAMES MACDONOUGH, President.
AUG. D. SHEPARD, ) Vice-Presidents
TOURO ROBERTSON, f ViCe Pres,aent8*
THEO. H. FREELAND, Sec’y and Treat.
JNO. E. CURRIER, Ass’t Sec’y.
J. K. MYERS. Ass’t Treas.
John L. Williams & Son,
B AAND
N DEALERS
KER
S,
IN
*
S O U T H E R N IN V E S T M E N T S ,
R IC H M O N D , VA.
T r a n s a c t a G e n e r a l b a n k in g B u s in e s s . N e g o t ia t e
It.R . & M u n i c i p a l L o a n s . C o r r e s p o n d e n c e I n v i t e d .
Our M A N U A L O F IN V E S T M E N T S
largest work o f the kind published by any Banking house in
Am erica. Gratis to clients <b correspondents; toothers, $3 a copy
“ Most elaborate, handsomest and most useful work treating
upon Southern properties which ever came to notice.**—Boston
Herald.
“ Worth its weight in gold.” —Norfolk Landmark.
“ Recognized as standard authority, and holds a high reputation
both in Europe and United States.” — Washington Post. “ The
States, oities, railroads, and other properties o f the South are
described with a dearness and minuteness o f detail of great v&lno
to investors.” —N. 7. Joum . o f Commerce. “ A complete financial
and industrial record o f the Southern States.**—N. 0 . Times-Dem.
“ We know of no other work to compare with this Manual for the ex*
tent and variety o f information it contains.'*—Money, Lon«, la g .
R. J. Kimball & Co.,
(Established in 1866.)
BANKERS AND BROKERS,
1 6 a n d 18 B roa d Street, N ew Y o r k .
Members of the New York Stock Exchange and of
the Philadelphia Stock Exchange.
Robert J. Kimball . A lfred B.L ounsbxrry .
La Montagne, Clarke & Co.,
AND 9 MAIDEN LANE.
S.
The National Park Bank
of New York.
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING
Special papers manufactured exclusively for
use of the Company.
C ap ital,
Su rplu s,
-
■
-
NO. 1,395.
$ 2 ,0 0 0 ,0 0 0
$ 2 ,8 0 0 ,0 0 0
SUPERIOR COLLECTION FACILITIES.
BUY AND SELL FOREIGN EXCHANGE.
: safety vaults for
T H E CONVENIENCE OF D EPO S
IT O R S AND IN VESTO R S.
Es"3 Entrance only through the Bank. JFi
e x t e n s iv e
Kbenezer K. W right , President.
A rthur Li a r y , Vice-President.
George S. H ickok , Cashier.
E dw ard J. Ba ld w in , Ass’t Cashier.
DIRECTORS.
Charles Scribner,
Arthur Leary,
Edward C. Hoyt,
Eugene Kelly,
Edward B. Poor,
Ebenezer K. Wright,
W. Bockhlll Potts,
Joseph T. Moore,
August Belmont,
Stuyvesant Fish,
BichardTDelaUeld,
George 8. Hart,
Wilson G. Hunt,
Charles Sternbach,
Francis B. Appleton
BANKERS AND RR0KER8,
4 4 and 4 6 Broadway, New York.
La Montagne , Jr ., Member N. Y. Stock
H erman Cla r ke .
W allace B. Smith .
Private wires to Philadelphia, Pittsburg, Scran*
ton, Reading. Wilkesbarre Lancaster and Bethle*
hem. Private wire to Chicago.
Wm. G. Hopper & Co.,
2 8 SOUTH TH IRD ST„ PIIILA,!
Stocke and Bonds bought and sold on Coat*
mission for Cash, or carried on favorable terms.
Interest allowed on balances. Correspondence
solicited.
08HUA WlLBOUK.
BENJAMIN A. JACKSON
Wilbour, Jackson & Co.,
BANKERS AND BROKERS,
No. 5 2 W E Y BOSS B T S T R E E T ,
P R O V ID E N C E , R . I .
Dealers in Commercial Paper, Government
other first-class Bonds and Securities and Foreign
Exchange.
Private telegraph wire to New York and Boston.
H. J.VON H emert .
G. L. Romanyaiw-
von Hemert & Co.,
BO ND A N D STO C K B R O K E R S ,
R O A N O K E , VA.
SOUTHERN INVESTMENT SECURITIES
William A. Lombard,
A SPECIALTY
150 B ROADW AY, MEW Y O R K .
Offers for sale Choice Bonds and Mortgages.
A SPECIALTY-NEW YOBK CITY A COUNTRY
Parkinson & Burr,
T H E F O U R T H N A TIO N A L
BANKERS AND BROKERS,
56 B R O A D W A Y, N. Y .
B A N K O F T H E C IT Y O F N E W
BOSTON OFFICE. 53 "T A T E S T .
BANK STOCKS,
YORK
OFFERS
TO
DE
Netting Purchasers 4 to 10 Per Cent.
Members of the New York and Boston Stock Ex
changes. Private wire between^the two offices.
SEND FOB QUOTATIONS.
P O SIT O R S E V E R Y F A C IL IT Y
Information given in reg-rd to all Boston securi
ties, and quotations furnished.
W H IC H T H E I R B AL AN C ES,
BUSINESS AN D
R ESPO N SI Capital authorized.................$ 4 ,0 "0 ,0 0 0 OO
Paid la (Cash)..................
2 ,0 4 9 .5 5 0 00
B IL IT Y W A R R A N T .
Surplas & undivided profits.
8 3 0 ,3 9 6 67
Equitable Mortgage Co.
Wilson, Colston & Co.,
Walter Del Mar & Co.,
Members Mew York Stock Exchange,
76 OLD BROAD STREET]
LONDON, E . C.
A suets........................................ 1 4 ,0 7 4 ,8 13 56
This company solicits correspondence
about all first-class Investment securities.
Ruys and negotiates Municipal, Railroad,
W ater, lndustrlxl and Irrigation Bonds.
Issues Its debentures and negotiates
mortgage loans.
CHARLES N. FO W LER, President.
CHAS. BENJ. WILKIN80N, Yioe-PresU’ent.
HENBY P. CHUBCHILL, Vice-President.
B. P. 8HA WHAN, 8«c. and Treas.
OFFICES t
New York, 808 B’way.
I Bost., 117Devonshire St.
Phlla« 4th and Chestnut. I Kansas City, Missouri.
London, England.
I Berlin, Germap*'-
BANKERS,
(Members of Baltimore Stock Exchange)
BALTIM ORE.
aspeciidt/)ME:NT and SOUTHERN 8ECUBITIB
nifh«Te8POndenCe lnviL’5d 8110 Information for
N. Y. Correspondents—MoKim Brothers & Co.
A . J. Weil & Co.,
INVESTM EN T SECURITIES
86 Wall St., Maw York and St. Lonla*
THE
CHRO NICLE*
:iv o u
l iv
.
jankers anfi gramers of fforrifltt Hascbanije
Drexel, Morgan & Co.,
WALL STREET, CORNER OF BROAD,
NEW YORK.
BABING, MAGOUN & CO.,
15 WALL ST., NEW YORK,
SUCCESSORS TO
Drexel,H aijes & Co.
KIDDER. PEABODY & CO., NEW YORK,
Oor. of 6th AChestnut Sts. 31 Boulevard Haussmann
P A R IS .
P H IL A D E L P H IA
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers’ Credits
available In all parts of the world.
Agents and Attorneys of
BARING BROTHERS A CO., Limited,
LONDON.
KIDDER, PEABODY & CO., BOSTON.
Drexel & Co.,
DOMESTIC AND FOREIGN BANKERS.
Deposits received subject to Draft. Securities
bought and sold on commission. Interest wlowea
on Deposits, Foreign Exchange, Commercial CredIts, Cable Transfers, Circular Letter* for Travel
ers, available In all parts of the world.I
Choice Investment Securities.
Heidelbach,
Ickelheimer & Co.,
BANKERS,
2 9 William Street, core er Exchange P la ce ,
' ISSUE
Circular Letters of Credit
for Travelers Abroad
available in all parts of tbe world,
on the
UNION BANK OF LONDON, L’ T’ D.
These credits can also be obtained at the
Fifth Avenue Bank, 44th St. and 5th Ave
A TTOR N EY S A N D AGEN TS 0 » !
N e i i r s . J . S. M O R G A N & CO.,
No. 22 OLD BROAD STREET, LONDON.
Brown Brothers & Co.,
POTT.A.
[NEW YORK,
BOSTON.
59 W a ll St*
at,Try. BROWN & SONS, BALTIMORE.
Knauth, Hachod
Geobge Coppell ,
T homas Mait lan d
Ge ral d L. H oyt , Member o f N. Y. Stock Ex.
Maitland, Phelps & Co.,
& Kühne
BANKERS,
5 South W illiam Street, New York.
LETTERS OF CREDIT
CONNECTED B Y PRIVA.TE W IR E .
22 AND 24 EXC H A N G E P I ACE,
available everywhere.
Members N. T., Phlla. and Baltimore »took Bxch’s.
Buy and sell first-class T _
DRAFTS
NEW YO R K .
Investment Securities for J _H V 6S L IH C H L
•n all parts of the world.
customers.
Receive ac
counts of Banks, Bankers,
. .
TRANSFERS
Orders executed for all investment Securities
Corporations, Firms and In- Q
by mall and telegraph.
dlviduals, on favorable O C L U 1 I L I C o . A ct as agents o f Corporations, and negotiate and
terms. Collect drafts drawn
abroad on all points In the United States and Canar Issue Loans.
da, and drafts drawn In the United States on for
VWUUUHVB.
Messrs. Smith, Payne
eign countries.
BILLS OF EX
Buy and sell BlUs of Exchange
A Smiths, London
CHANGE
and make cable transfers on
BANKERS
Messrs. Mallet Freres
TELEGRAPHIC
Of
all points. Issue Commercial
A de, Paris ;
54 W A L L STREET, NEW YO R K
TRANSFERS
j •
and Travelers’ Credits available
Banco N»clonal de Bny and Sell Bills o f Exchange and
in all parts of the world.
Mexico, Mexico, and
LETTERSOF
Cable Transfers on all the P rin
Its Branche*.
BROWN, SHIPLEY & C 0 „ LONDON.
CREDIT
cipal European Cities.
ISSUE COMMERCIAL AND TRAVELLERS’
AGENTS FOR THE BANK OF AUSTRALASIA.
CREDITS, BUY AND SELL RAILROAD
STOCKS, BONDS AND INVESTMENT SE
CURITIES. ACT AS FINANCIAL
83 NASSAU S T R E E T .
AGENTS FOR CORPORATIONS.
RTT.T.H OF EXCHANGE ON
BANKERS,
No. 2 3 NASSAU STREET.
S M I T H , P A Y N E & S M I T H ’ S,
THE NEW YORK
AGENTS AND CORRESPONDENTS OP THE
BANKERS, LONDON.
Messrs. ROTHSCHILD,
«A N C H E S T E R & COUNTY R A N K ,
London, Parle, Frankfort and Vienna.
“ LIMITED.”
Issue Circular Credits for travelers available In
MANCHESTER, PAYABLE IN LONDON;
Transacts a general hanking business.
all
parts of the world.
U L S T E R B A N R IN G C O M P A N Y ,
ALSO COMMERCIAL CREDITS.
Receives accounts of banks, bankers and corpora
BELFAST, IRELAND,
Draw Bills of Exchange and make Cable Transfers tions upon favorable terms.
AND ON THE
to Europe. West Indies, Mexico and California.
Issues certificates of deposit bearing interest.
N ATIO N A L B A N K O F SC O TLAN D , Execute orders for the purchase and sale of Invest
Solicits mercantile and personal accounts.
ment Securities.
EDINBURGH AND BRANCHES.
Bills of exchange drawn on, and cable transfers
ALSO
made through, THE CITY BANK, Limited
CABLE TRANSFERS & LETTERS OF CREDIT*
LONDON.
Circular letters of credit issued for travelers’ nss
J
SUCCESSORS TQ
in foreign countries; also commercial credits.
John
M unroe
Accounts
of foreign bankers received and col
JESSUP, P A TO N & CO.,
No. 3 2 Nassau Street, N ew Y o r k .
lections in the United States m a d e o n favorable
52 W i ll i a m Street, N ew Y o r k .
terms. Agents in New York of the
N o. 4 P o st Office Square, B o sto n .
Accounts and Agency of Banks, Corporations
BANCO NACXONAL DE CHILE.
1nue Circular Letters of Credit for Travelers’ Use firms and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Abroad against Cash or Satisfactory
Act as agents for corporations in paying coupons
Guaranty of Re-payment
A. M. B a l d w i n ,
and dividends; also as transfer agents.
J . W . D im m ic k ,
Cashiei
Bonds, Stocks and Securities bought and sold on
E xch an ge o n L o n d o n , P a ris, B erlin ,
President.
commission
at
the
Stock
Exchange
or
elsewhere.
Z u r ic h a n d St. G all.
Sterling Exchange and Cable Transfers bought and
ALABAM A
Creditb opened an d Payments m a d e b y Cable sold.
COLLECTIONS AND INVESTMENTS
DRAW ON
MADE BY
P a ris H ou se—M U N R O E A CO.
THE UNION BANK OF LONDON,
BRITISH LINEN CO. BANK LONDON AND
FIRST N A TIO N A L BANK,
SCOTLAND.
MOWTOOWIERY, A L A ,
CORRESPONDENCE INVITED
BANKERS,
, 9 W IL L IA M STREET, NEW Y O R K
BANKERS,
Correspondents of the
N o. 2 3 B R O A D S T R E E T ,
>Ttternatlonal Bank of London (Limited),
N ew Y o r k .
Job. Berenberg, Gassier <fc Co., Hamburg,
Bremen Bank, Bremen.
Issue Letters o f Credit for Travelers
Marcuard, Krauss «fc Co., Paris.
N E W O R L E A N S, L A .
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES A CIE„ Part*.
Commercial and Travelers’ Credits.
C a p i t a l . ..$1 ,0 0 0 ,0 0 0 |Surplus.... $4 75 .0 00
SELIGMAN A STETTHEIMER, Frankfurt.
Sills of Exchange.
Cable Transfers.
J. C. MORRIS. Pres. EDWARD TOBY, Cash,
ALSBERG, GOLDBERG A CO., Amsterdam.
ALTMAN A STETTHEIMER, Berlin.
Correspondents—Nat. City Bank, Nat. Bank of
Payable In any part of Europe, Asia, Africa, Aus Commerce, New York. Boatmen’s Bank, St. Louis.
N. W. Nat Bank, Chicago. Merchants* Nat. Boston
tralia and America.
_ ,
..
Draw Bills of Exchange and make Telegraphic
• BANKERS,
Transfers of Money on Europe and California.
go BROADWAY, Equitable Building, NEW YORK
Kessler & Co.,
Letters
Oredlt.
J. & J. Stuart & Co.,
August Belmont & Co.,
Produce Exchange Bank,
John Paton & Co.,
& Co.,
Schulz & Ruckgaber,
J. & W. Seligman & C o.,
New Orleans Canal &
Banking Company,
Kountze Brothers,
l K T T E R a Ob C R E D IT AND C IR C U L A R
NOTES
Issued for the use of travelers In all parts of the
W orld. Bills drawn on the Union Bank of London.
Telegraphic transfers made to London and to
various places In the United States. Deposits re
ceived, subject to check at sight, and interest
allowed on balanoes. Government and other bonds
and investment securities bought and sold on commisalon.
SWISS UNION BANK,
J. Kennedy Tod & Co.,
Bank of Buffalo,
B U F F A L O , N. Y .
S. 8. Jewett, Pres’t.
Wm. C. Cornwell, Cash’?
Capital,....$ 3 0 0 ,0 0 0 ISurplus......$ 3 2 5 ,0 0 0
" This Bank has superior facilities for making Col
NO. 45 WALL STREET, NEW YORK.
lections in and out of the city on the most lihera
terms, and with careful attention to the best inter
Deposits received subject to draft, and Interest ests of its correspondents.
_ ■ . .... w.
Correspondents:—importers’ A Traders Na
allowed on balanoes.
tional Bank and Chemical National Baai, New
York Merchants’ Loan A Trust Co« Chicago; Union
OFFEB INVESTMENT SECURITIES. Bank of London, London
BANKERS,
Bonds and Stocks bought and sold on commission
on all American tkimUMi, British and Dutch
S T . G A L L E , (S w itzerlan d ).
C a p ita l Paid Up
• 1 2 ,0 0 0 ,0 0 0 Francs, markets.
Transfer of Stock and Bonds. Payment and co PANKF.RH a n d COMMISSION MERCHANT9
Solicit Acoounts and Agencies o f Banks and
lection of Dividends, Coupons and Interest War
Banters.
rants. Foreign Exchange and Cable Transfers on
INTEREST ALLOWED ON DEPOSITS.
33 W a l l Street? N ew Y o r k .
g ^ RTYK TRANSFERS. LETTERS OF CREDIT I m Uu end FaHe
Schweizerische Union Bank.
R. T . Wilson & Co.,
THE
M arch 19, 1892.]
Canadian ganhs.
Bank of Montreal,
[ESTABLISHED 1818.]
C A P IT A L Paid in - - 8 1 2 ,0 0 0 .0 0 0 Gold
SURPLU S - - 8 6 ,0 0 0 ,0 0 0 Gold
Son. Sir DONALD A. SMITH, President.
E. 8. CLOUSTON, General Manager.
NEW YORK OFFICE:
o s. 60 an d 61 W A L L S T R E E T .
WALTER WATSON, 1 ¿.gent*.
ALEX’R LANG,
f *
in
C H R O N IC L E
...........
84 8 5 - 6 1 .
NOTICE IS HEREBY GIVEN that the RATES
of INTEREST allowed for money on deposit are as
follows:
Capital and Surplus.................... 8 6 ,9 0 0 ,0 0 0
ALEX. LAIRD and WM. GRAY
agen ts ,
16 EXCHANGE PLACE, NEW YORKBUY*AND SELL STERLING EXCHANGE, CABL*
TRANSFERS, ETC.
Issue Commercial C re d its available In a il
parts oi th e world.
Canadian Currency bought,
_
.
Drafts drawn on and Collections made at all
points in Canada.
Merchants’ Bank of Canada
CHLpita.1 8tock Paid Up............... ,85»799»‘iOO
Reserve Fund....... ........................ 82 ,5 1 0 ,0 0 0
Henry Hague and John B. Harris, Jr.,
a g en ts ,
61 W A L L STREET, NEW Y O R K .
BUY AND SELL STERLING EXCHANGE. CABLE
AT CALL, IX PER CENT.
AT 3 to » D AYS’ NOTICE, 19f FER CENT.
The Company discounts approved bank and mer
oantlle acceptances, reoeives money on deposit at
rates advertised from time to time In the London
Paris and Berlin papers, and grants loans on ap
proved negotiable securities.
CHRISTOPHER R. NUGENT, Manager.
TRANSFERS, AC
LONDON, EN GLAN D.
N e g o tia te Railway, State and City loans.
E x e cu te orders for bonds. Shares, etc., on Com
mission and transact a general Banking an
Commission Business.
S p e cia l a tte n tio n given to the execution o f
orders for Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
BLAKE
BROTHERS
CO.
A
5 Nassau Street, N ew Y o r k ,
28 State Street. B o sto n , M a ss..
AND
A D O L P H BOISSEVAIN A CO.
95 0,00 0
t0nAgents In London :
1 Agents in New York,
Lloyd’s Bank, limited. IB a n k o r Mont heal .
Collections promptly made in any part o f Canada.
D r a w e r s o f S te r lin g : E x c h a n g e .
a n k
OF
orth
N o. 52 W A L L
A
m e r ic a ,
STR EET.
Buy and sell Sterling Exchange and Cable Transfers. Issue demand drafts on Scotland and Irelands
also on Canada, British Columbia and San FranelC I R C U L A R N O TE S issued In Pounds Ster
ling. available In all parts of the world. C O M
M E R C I A L C R E D I T S IS S U E D for use In
Europe. China, Japan, East and West Indies and the
Brazils, River Plate, Ac.
, ,,
Bills collected and other banking business trans-
*Cte<J*
LIMITED,
4 Bank Buildings, Loudon, England,
Subscrioed and Paid-up Capital, £ 9 7 1 ,3 0 0
This Company undertakes the negotiation and
Issue of Loans and Capital o f companies on the Lon
don market, and acts as agent for approved Railways
or other Corporations In payment of Interest, Divi
dends, Registration of Stock, and generally, and also
as Trustee for Debenture holders.
CABLE ADDRESS, PAVY, LONDON.
02
H. STIKEMAN,
1 Agents
F. BROWNFIELD, l Agems*
Wren ham
House, E. C.,
B A N K IN G
C O R P O R A T IO N .
Paid-up Capital...................................2?
Reserve Fund....................................... 0,808,596 31
deserve Liability of Proprietors........ 10,000,000 00
The Corporation grant Drafts, issue Letters o f
Credit for use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, Hong Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo,
San Francisco and London.
A . M . T O W N S E N D , A g en t, 50 W a ll St.
*
The Bank of Australasia.
(Incorporated by Royal Charter, 1835.)
No. 4 T h r e a d n e e d le S tr e e t . L o n d o n .
Paid-up Capital. £1,600,000; Reserve Fund, £800,000; Reserve Liability o f Proprietors under the
shorter, £ 1,600,000.
Letters o f Credit and Drafts issued on any of the
numeious branches o f the Bank throughout Aus
tralia and New Zealand. Bills negotiated or sent
for collection. Telegraphic transfers mad a.
Deposits received in London at Interest for fixed
Periods, on terms which may he ascertained on ap»fleation.
•PBIDSAUX eULBY. 8«**ir«uyy.
•
..m
'
GOVERNMENT
gold.
m ass.
BONDS bought and
RAILROAD BONDS o f conservative
issues constantly on hand.]
COMMISSION ORDERS executed in
bonds and stocks.
FOREIGN
sold.
EXCHANGE
bought~and
Sheldon & Binney,
BANKERS,
Transact a General Banking Business. Dealers In
stocks. Bonds and Local Securities.
PRIVATE TELEGRAPH WIRES TO NEW YORK
AND BOSTON.
H. Sheldon , Jr .
jhakles
W illiam B inukt , Jb .
Noyes & Bridge.
IN VESTM EN T SE C U R IT IE S .
8 Per Cent Electric Street. BB. Gold Bonds.
8 Per Cent Water Company. Bonds.
7 Per Cent Irrigation Bonds.
10 Per Cent State of Wash., County Warrants.
EXCHANGE BUILDING,
53 STATE STREET, BOSTON, MASS.
TH O M A S B . B K A .
SAMUJCL R ä a .
Rea Bros. & Co.,
115 F o u rth A v en u e, P ittsb u rg,
Pa.
STOCKS AND BONDS.
IIXM BXRS OF THE
Kew York, Philadelphia and
Stock Exchanges.
Pittsburg
LOCAL SECURITIES A SPECIALTY.
Henry Sproul &
T8
FOURTH
Co.,
AVENUE,
P IT T S B U R G , P A .
MUM-BURS or THE
PHILADELPHIA STOCK EXCHANGE.
Solicit accounts and agencies of Banks, 'Railway.
Corporations, Firms and Individuals upod
favorable terms; also orders for the pur
chase and sale of Bonds, Shares. Ac., Ac.
on the Stock Exchange.
In te r e s t allowed on Deposits, subject to 60-days
sight drafts, at Bank o f England rate, and
one per cent below that rate subject to d- mand drafts.
N eg o tia te Railway, State and City Loans.
Co,
Sc
52 New B roa d Street,
I.ONDON, E . C.
Act as Agents for American Ba^ks and Flnancla
Companies. Collect Foreign Exchange and execute
orders on commission on the London Market.
INTEREST ON DEPOSITS. CABLE TRANSFERS.
Dennistoun, Cross & C o . ,
2 Princes Street, London, E. C.,
Execute orders for the purchase and sale oi
Bonds, Stocks, Ac., on the Stock Exchange; receive
accounts and Agencies of Banks, Railways, Corpo
rations. Firms aud Individuals upon favorabU
terms; Commercial and Travelers Credits and
Bills o f Exchange on them are Issued by then
Agents and Attomevs.
MOSLE BROTHERS,
¿ 2 EXCHANGE
B o sto n ,
NEW Y O R K STOCK EXCHANGE.
LONDON.
Hong Kong 6c Shanghai Pierce, Wright
Street,
P E NNSYLVANIA.
tieinemann 6t Co.,
OF TH E
Congress
A m sterd a m . H o lla n d .
The Railway Share Trust
Imperial Bank of Canada.
St Agency Company,
CAPITAL (paid up)
- - 81»800,OO6
H. 8. HOWLAND, Pres’t. T. R. MERRITT, V.-P.
D. R. WILKIE. Cashier.
H E A D O F F IC E , T O R O N T O .
Branches in On tarr ).—Essex, Fergus, Galt,
ingersoll, Niagara Falls, Port Colbome, St. Gathturines, St. Thomas, Sault Ste Mane, Welland,
Woodstock, Rat Portage.
„
. _
T oronto .—Wellington Street, Yonge and Queen
Sts., Yonge and Bloor Sts.
> _
Branches in Northwest —W innipeg, Brandon.
Calgary, Portage la Prairie, Prince Albert, Edmon-
48
gH Westminster St., Providence, R . I.
Issue Commercial Credits, Available In
all Parts oi the World.
B r it is h N
BANKERS,
89 Cornhlll, London, March 3.1892.
Capital Subscribed....................... 80.305 .0u 0
Paid up............................... ............... 3 .1 5 2 ,5 0 0
Canadian Bank o f Commerce Blake, Boissevain & Co.,
B
■ M g g g «
N E W EN GLAN D.
The Union Discount Co.
of London, Limit’d.
FO O TE & F R E N C H ,
London Office, No. 2 2 A b ch u rch L a n e.
AGENCY
■'■■■■
J fitr a tL c ia X .
f o r e i g n .
Buy and sell Sterling and Continental Exchange
nd Cable Transfers ; grant Commercial and Travel
ers’ Credits available In any part of the World
ssue drafts on, and make collections In, Chicago
nd throughout the Dominion o f Canada.
S U R P L U S .......................
1
Y O IU ^
PITTSBURG EXCHANGE (3 Members).
N. Holmes & Sons,
BANKERS,
P IT T S B U R G , PENN.
CORRESPONDENTS :
Bank of New York, N. B. A.
First National Bank of Philadelphia,
P IT T S B U R G , P A .
ESTABLISH ED 1871.
Whitney & Stephenson,
BANKERS AND BROKERS,
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburg members N. Y. Stock Exchange
E. W . Clark & Co.,
BANKERS AND BROKERS-
No. 139 South F ourth St.,
P H IL A D E L P H IA .
transact a general banking business.. Allow
sureit on deposits«
^
Members of the Philadelphia and New York
Btotik Exchanges, and connected by private wire
ftth ifeir York, —
ir
iTHE CHRONICLE.
YOU LTV,
Banli ers and JJrolievs tu Ile io ‘fjo tk d itg.
B
o
ODY, M
c LELLAN
Investm ent
FINANCIAL
BANKERS
BANKERS,
9 7 Broadway, opposite Exchance Place.
P. O. BOX 447.
NEW YO R K AND BROOKLYN
Taintor 6c Holt,
& C o .,
No. 11 Wall Street, Cor. New, New Yerk.
Specialties for Twenty Years.
Securities
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
A specialty. Including Water Bonds, Car Trust
Bonds and first-class hallway Bonds.
Private telegraph wires to Providence and Boston
Particulars furnished on application.
G. E. TAINTOR. G. D. L’HUILIER. G. H. HOL1
Da v id a . Boodt ,
c . w . mc L ellan ,
H en ry t . Boodt .
Samuel D. Davis 6c Co.,
Member n . y . Stock Exbcange ,
STREET, NEW Y O R K .
B O N D S .
BROADW AY, NEW
YORK.
31 Pine Street, New York City.
Mo. 44 W A L L ST ., 1 E W YORK..
Emerson
no strano
BROKERS,
AND DEALERS IN
s e c u r it ie s .
C. H. HUESTIS
(Member N. Y. Stock Exchange)
L. M. SWAN,
E. H. LADD, JR.,
General Partners.
C. D. WOOD, Special Partner.
in v e s t m e n t
BANKERS AND BROKERS
80 B R O AD W AY.
BONDS.
W. K. B. Emerson,
Ramsay Turnbull
Member N. Y. Stock Exchange.
Simon Borg 6c Co.,
No. 2 0 NASSAU S T ., N E W Y O R K ,
Ste w a r t
COMMISSION
,
6c Turnbull,
STOCKS, BONDS AND PETROLEUM.
B r o w n ’s Sons,
(Members New York Stock Exchange,
STO CK B R O K E R S ,
96
AND DEALERS IN INVESTMENT SECURITIES
No. 20 Broad Street, New York.
INVESTMENT SECURITIES.
MARGIN ACCOUNT« SOLICITED.
1*16 Per Cent Commission.
INTEREST ALLOWED ON BALANCES.
Correspondence Invited.
ESTABLISHED SINCE 1868.
W I L L I A M C. N O Y E S
Wood, Huestis 6c Co.,
Carefully compiled list of choiceInvestment Bonds Sa m u e l d . d a v i s .
Ch a s . b . v a n
famished upon application.
Member N. Y. Stock Exohange
Fred H. Smith,
Dealt In by
BANKERS
Henry S. Redmond,
48 W A L L
T R U S T C O ’S STOCKS.
DEALERS EN ALT. KINDE OE
R. A. Lancaster 6c Co.,
BANKERS,
No. 10 W A L L S T R E E T ,
NEW YORK.
DEALERS IN
Railroad and Investment Securities,
INVESTMENT and MISCELLANEOUS
SECURITIES.
64 BROADWAY, NEW YORK.
Southern Securities a Spec ialty
Stocks and bonds bought and sold on commission
■mall or large lots. Accounts solicited. Infor
mation promptly given.
Robertson 6c James,
Southern Securities a Specialty*
BOND and ST O C K B R O K E R S
Dealers in Investment Securities,
WM. M. HARRIMAN, Member N. Y. Stock Exchango
NICHOLAS FISH.
OLIVER HARRIMAN. Jr
Fahnestock 6c Co.,
NO. 7 NASSAU STREET,
(Continental National Bank Building.)
BANKERS AND BROKERS,
3 W a ll Street, N ew Y ork.
■Supply selected investment bonds for cash or In __________________ N e w
xebange for marketable securities.
Execute commission orders for investors at the
S ock Exchange or in the open market.
Furnish information respecting bonds
Harriman 6c C o ,
V o r a .__________________
Young 6c Nelson,
46 W a ll Street, Mew Y o rk .
Gilman Son 6c Co.,
BANKERS,
NO. 6 2 C E D A R S T R E E T .
In addition to a General Banking Business, Bny
and i-ell Government Bonds and Investment 8eurities.
John ti. Davis 6c Co.,
BANKERS AND BROKERS,
Investment
Seenrities
a Specialty.
T. S. YOUNG, JR.,
Member N. Y. Stock Exohange.
Emerson mo Millin .
W. 8. NILEOE
Henry b . W ilson .
Emerson M cM illin
&
Co.
4 0 W A L L STREET, NEW Y O R K .
Negotiations Conducted for Purchase and Sale of
Gas, Electric, Water, Street Railway, Coal,
Iron and Industrial Properties.
Securities negotiated only upon personal examina
tion of property.
N o. 10 W A L L S T ., N E W Y O R K .
Orders for stocks and Bonds executed at all Ex
R obert Goodbody . A. L. Lee . G. B. W atts , Jr
changes
Especial attention given to supplying high-elaai
IN V E S T M E N T S E C U R IT IE S .
3 0 B R O A D S T R E E T , N. V .,
H enry g. Campbell , S Members N. Y. Stock
B A N K E R S AND B R O K E R S
J. Borden H arrim an , >
Exchange.
Stocks and Bonds Bought and Sold on
Commission.
INTEREST ALLOWED ON DEPOSITS.
BANKERS AND BROKERS,
9 New Street and 74 Broadway,
NEW YORK
Robert Goodbody 6c Co.,
H. G. Campbell 6c Co.,
Marquand 6c Skehan,
BANKERS AND BROKERS,
Investment B on ds and Stocks,
16 BROAD STREET, NEW Y O R K .
Russell m arq u an d
James b . ru-tettat»
Member N. Y. Stock Exchange.
Haven 6c Stout,
B A N K E R S AND B R O K E R S ,
2 Exchange Court, N. Y .
Members of the Consolidated Stock and Petro eum
Exchange.
RAILROAD STOCKS AND BONDS
BOUGHT AND SOLD
j l i I»}6?h percent Comnlopfoii'
W ALL
STREET, N EW
Investment Securities.
ch as . d .
Ma r v in ,
W . M. KIDDER.
Metropolitan Traction
Stock,
Controlling the
BROADWAY
€ABLF<
ROAD
and the principal cross-town horse car lines,
BOUGHT AND SOLD B Y
D ick Brothers & Lawrence,
3 0 Broad
INVESTMENT BONDS A SPECIALTY.
Rolston & Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
W. H. ROLSTON.
2 0 B roa d S tre e t,
W. ALEX. BASS, Jr.
NEW Y O R K .
Members N. Y. Stock Ex.
EDWIN 8. HOOLEY.
P. O. Box 3.080
W. H. Goadby & Co.,
BANKERS AND BROKERS,
NO. 24
BROAD STREET
Now York.
Hatch 6c Foote,
7 PINE STREET, NEW YORK.
SE C U R IT IE S ,
YORK.
Established 1863.
MEMBERS OF NEW YORK STOCK EXCHANGE
Allow interest on deposits subject to sight check.
Buy and sell on commission stocks and bonds either
for cash or on margin, and deal in
A. M. Kidder ,
H. J. M o r s e
BANKERS AND BROKERS.
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
OTYESTM ENT
BAN KER S,
18
No. 12 0 B R O A D W A Y , N E W Y O R K ,
EQUITABLE BUILDING,
New York,
Howard Lapsley 6c Co.*
BANKERS AND BROKERS,
No. 1 Exchange Court
NEW YORK
Privat* Wlroa to Boston and Philadelphia.
H I. Nicholas ,
W. C. Ta y l o r ,
Members N. Y. Stock Exohange.
J. S. Nicholas
M. Ma y e r .
H. I. Nicholas 6c Co.,
BANKERS AND B RO KERS.
INVESTMENT SECURITIES A SPECIALTY
11 Wall Street, New York,
'
“ fI i t
A
f
M arch 19, 1892.]
THE
CHRONICLE
% u sn m u t& .
V
ll& iscjellan jen n s,
I n s u r a n c e .
Assets Dec. 3 1 , 1 8 9 1 .......$ 6 ,7 3 7 ,9 8 8 2 7
Su rplu s..................................
64 9 ,0 4 1 1 0 $
O F F IC E O F T H E
1850.
The United States Life
Insurance Co
The
A TLA N TIC M UTU AL
1892.
E Q U ITA BLE
IN T H E C IT Y O F N E W Y O R K .
N E W IN SU RAN CE W R IT TE N .
Insurance Company,
New Y ork , January 25th, 1892.
The Trustees, in conformity with the Charter
o f the Company, submit tho following state
ment of its affairs on 31st day of December,
1891.
Premiums on Marine Risks from
1st January, 1891, to 31st
December, 1891....................... $3,862,687 97
Prem’ms on Policies not marked
off 1st January ,1891..............
1,394,177 87
Total Marine Premiums....... $5,256,865 84
Life Assurance Society
OF THE UNITED3STATES.
JANUARY 1, 1892.
ASSETS,
-
Liabilities,
SURPLUS,
■
■
-
INCOME, .
.
•
.
$136,198,518
.
•
.
109,905,537
$26,292,981
.
$39,051,911
Premiums marked off from 1stJanuary, 1891, to 31st De
cember, 1891............................ $3,784,723 36
New Business written in
Losses paid during the same
Period................................$1,836,325 11
Assurance in force,
Returns of Premi
ums and Expenses.$784,790 57
HENRY B. H YDE, President.
The Company has the following Assets, Tlx.:
United States and State of New
York Stock, City, Bank and
other Stocks............................. $7,567,155 00
Loans secured hy Stocks and
otherwise.................................. 2,009,100 00
Real Estate and Claims due the
Company, estimated at............ 1,083,400 36
Premium Notes and Bills Re
ceivable..................................... 1,425,030 93
Cash in Bank.............................
193,895 88
Amount.................................. $12,278,582 17
SIX PER CENT INTEREST on the outstand
ing certificates o f profits wlH he paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d of February next!
THE OUTSTANDING CERTIFICATES of
the Issue o f 1887 will be redeemed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 2d o f Febru
ary next, from which date all Interest thereon
will cease. The certificates to be produced at
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company for the year ending 31st December,
1891, for which certificates will he issued on
and after Tuesday, the 3d of May next.
By order of the Board,
J". H . C H A P M A N , Secretary.
TRUSTEES;
J. D. Jones,
W. H. H. Moore,
A. A. Raven,
Joseph H. Chapman,
James Low,
Wm. Sturgis,
Bepjamin H. Field,
James G. De Forest,
William Degroot,
William H. Webb,
Horace Gray,
William E. Dod. e,
George Bliss,
John L. Kiker,
C. A. Hand,
John D. Hewlett,
Charles P. Burdett,
Henry E. Hawley,
Charles H. Marshall,
Charles D. Leverich,
Edward Floyd Jones,
George H. Macy,
^awrence Turnure,
Waldron P. Brown,
Anson W. Hard,
Isaac Bell,
N. Denton Smith,
Thomas Maitland,
George L. Nichols,
Gustav Amsinck,
Joseph Agostini,
George W. Campbell,
Vernon H. Brown,
Christian de Thomsei
Leander N. Lovell.
, JOHN D. JONES, President.
W. H. H. MOORE, Vice-President.
A. A. RAVEN, 2d Vice-President.
1891,
.
.
.
.
233,118,331
•
801,891,557
1 8 88......... f 0,335,665 5011890............ *11.055.157
1889...........: 8,463,035 00 11891............ 14,101,664
GEO. H. BURFORD President.
C. P. FRALEIGH,
A. WHEEL WEIGH
Secretary.
Assistant Secretary
WM. T. STANDEN, Actuary.
The two most popular plans o f LIFE INSUR
ANCE are the CONTINUABLE TERM POLICY
which gives to the insured the greatest possible
amount of Indemnity in the event o f death at the
lowest possible present cash outlay; and the
GUARANTEED INCOME POLICY,which embraces
every valuable feature of Investment insurance,
and which. In the event o f adversity overtaking
the Insured, may be used as (COLLATERAL SE
CURITY FOR A LOAN to the extent o f the full
legal reserve value thereof. In accordance with the
terms and conditions of these'policies.
Good Agents, desiring to represent the Companysfre Invited to address J . S . G A F F N E Y , Super
intendent o f Agencies, at Home Office.
J. Spencer Turner,
SUCCESSOR TO
Brinckerhoff, T urn er &, Co.,
MANUFACTURER AND DEALER IN
JAMES W . ALEXANDER, Vice-Pres,
COTTON SAIL DUCK
A N D A L L K IN D S OF
N orth
COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
RAVENS DUCK, SAIL TWINES, AC„
ONTARIO ” SEAMLESS BAGS,
“ AWNING” STRIPES.
A lso . A gents
British
& Mercantile Ins
UNITED STATES BUNTING CO.
Co
OF
LONDON AND E D IN B U R G H ,
SAM. P. BLAGDEN, Manager.
WM. A. FRANCIS, Assistant Manager^
R. H. W ASS, General Agent.
A full supply, all Widths and Colors, always
•took.
N o. 1 0 9 D u an e Street.
The American
Manufacturing Company
TH E L A R G E ST W O R K E R S OF F IB R E IN T H E WORLD
W . R. ECKER, Assistant Gen. Agent
H, M. JACKSON, Secretary.
Manufacturers o f
CORDAGE
AND OF
U. S. BRANCH OFFICE,
B A G G IN G F O R COTTON.
No. 54 WILLIAM ST„ N. Y.
In addition to mills at St. Louis and (Charleston
nave just completed at GreenpointJBrooklyn. the
largest, best equipped and best located
U N IO N M U T U A L
Life Insurance Company,
CORDAGE
AND
B A G G IN G M IL L
IN ANY COUNTRY.
P O R T L A N D , M A IN S .
INCORPORATED 1848.
JOHN E. DeWITT, President.
The increasing tendency of the public to patronize
the smaller and more conservative o f the Life
Insurance companies o f the country had its effect
upon the business of the Union Mutual Life Insur
ance Company in 1891, which was one o f the best in
the Company’s history.
Parties desiring to negotiate for agencies are in
vited to address the Home Office, or any Manager of
the Company, for further information.
The Mutual Benefit
W IL L IA M H E N R Y CH ANDLER
W A LD R O N S H iP L E IG H ,
&.
Chemical Engineers and
Consulting Chemists.
Chemical Industries Investigated, New Processes
Examined. Plans and Specifications of Works Fur
nished. Also Yearly Contracts for Consultations.
Rooms 97 & 98, 8 0 Broadway, New York.
W M . FRANKLIN HALL
BOOKS
ACCOUNTANT AUDITED
LIFE INSURANCE CO., N EW AR K , N. J.
AMZI DODD......................................... President.
Assets (Market Values), Jan. 1,1893....$48,930278
Liabilities (N.Y. and Mass. Standard).. 45,384,486
Surplus.........................................
8,545,792
Surplus, by former N. Y. Standard,
(Am. E x.
per cent Reserve)......... 6,137,600
POLICIES A B SO L U T E L Y
n o n -f o r f e i t a b l e
second y e a r .
New forms designed for books o f account.
05
00
05
05
after
I n case oflapse the Policy is continued in force
as long as its value will pay for; or, if preferred, a
Paid-up policy for its full value is issued in exohange.
After the second year Policies are incontestable ,
except as against intentional fraud ; and aVL restric
tions as to residence, travel or occupation are removed.
Cash loans are made to the extent of 50 per cent
of the reserve value, where valid assignments of the
oolicies can be made as collateral security.
L osses paid immediately upon completion and ap
proval o f Droofa.
ATLANTIC MUTUAL INS. CO. SCRIP
Dealt in by
AUGUSTUS F L O Y D ,
32 PINE STREET, NEW YO R K .
Settlement of Insolvent Estates.
418 Exchange Building, 53 state Street Boston.
Jos. C. Platt, C. E.,
CONSULTING E N G IN E E R ,
W A T E R F O R D , N. Y .
Examinations and Reports for Investors.
AJU UM AS D K A N U H
A
C O .,
BANKERS AND COMMISSION MERCHANTS -
R IC H M O N D , Y I R G I N I A .
Circulars and information on funding the debts of
Virginia and North Carolina free of cost; one-eighth
per oent charged for funding. Southern Railroad
and State and City Bonds bought and sold.
THE CHRONICLE
Vi
Q x v i& i
Union Trust Company
OF NEW F O R K ,
80 Broadway, New York.
C A P IT A L - - SU R P L U S - - -
-
'$ 1 ,0 0 0 ,0 0 0
• $ 4 ,0 0 2 ,5 1 8 92
Authorized to act as Executor, Administrator,
Guardian, Receiver or Trustee, and is
___
A LEGAL DEPOSITORY FOR MONEY.
Acts as Trustee o f mortgages o f corporations, and
accepts the transfer agency and registry o f stocks,
Allows interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
interest for the whole time they remain with the
company.
For the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
i pon the resulting daily balances. Such checks pass
________
through the Clearing House.
Attends specially to the MANAGEMENT OF
REAL ESTATE and to the collection and remitance o f rents.
It makes ample provision in its
•.
NEW BURGLAR AND FIRE PROOF VAULTS
for the safe keeping of securities placed in its cus
tody, on which it collects and remits income.!
«TRUSTEES.
Wm. Whitewright,
H. V an Rennsl’r Kennedy
Henry A. Kent,
James H. Ogilvie,
R. T. Wilson,
James T. Woodward,
Wm. F. Russell,
George A. Jarvis,
C. D. Wood,
C. Vanderbilt,
Tames N. Platt,
A. A. Low,
D. C. Hays,
G. G. Williams
Wm. Alex. Duer,
R. G. Remsen,
Charles H. Leland,
Edward Schell,
Edward King,
Amasa J. Parker,
E. B. Wesley,
Samuel F. Barger
D. H. McAlpin,
Geo. C. Magoun,
George B. Carhart.j
W. Emlen Roosevelts
Chauncv M. Depew.
EXECUTIVE COMMITTEE.
Wm. Whitewright,
G. G. Williams,
Edward Schell,
E. B. Wesley,
Geo. C. Magoun,
C. D. W ood,
D. C. Hays,
James T. Woodward.
EDWARD KING, President.
CORNELIUS
D. WOOD, () Vice-Presidents
JAMES
H. OGILVIE,
vice-presidents.
AUGUSTUS W. KELLEY, Secretary.
_______ J. V. B. THAYER. Assistant Secretary.
Knickerbocker Trust
Company j
3 3 4 FIFTH AYE., COR. 37 T H STREET.
Branch office, 18 Wall St. and 3 Nassau St.
CAPITAL AND SURPLUS, - $ 1 ,0 0 0 ,0 0 0
DESIGNATED LEGAL DEPOSITORY.
Acts as Executor or Administrator o f Estates and
as Guardian, Receiver, Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. BARNEY, Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
DIRECTORS t
Joseph S. Auerbach,
John S. Tilney,
Harry B. Hollins,
E. V. Loew,
Jacob Hays,'
Henry F. Dimock
Charles T. Barney,
John P. Townsend
A. Foster Higgins,
Charles F. Watson,
Robert G. RemseD,
David H. King, Jr, I
Henry W. T. Mali,
Frederick Q. Bourne
Andrew H. Sands,
Robert Maclay
James H. Breslin,
C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
L Townsend Burden.
Wm. H. Beadleston.
Alfred L. White.
TRED’K L. ELDRIDGE, Secretary.
J. HENRY TOWNSEND. Assist. Secretary.
The Nassau Trust Co.
101 Broadway, Brooklyn, N. Y .
C A P IT A L ....................................... $ 5 0 0 ,0 0 0
Deposits received subject to check at sight, and
Interest allowed on the resulting daily balances.
C j d iîîp a l l i a
OLD C O L O N Y
TRU ST COM PANY
BO STO N, MASS.
C apital
Surplus, -
“
“
-
-
-
$ 1 ,0 0 0 ,0 0 0 Oil
5 0 0 ,0 0 0 00
T ra n s a cts a G e n e ra l B a n k in g B u sin ess
ALLOWS INTEREST ON DAILY BALANCES SUBJECT
TO CHECK.
TRUSTEE UNDER MORTGAGES. TRANSFER AGEN
REGISTRAR.
BOARD OF DIRECTORS.
T.JeffersonCoolidge,Jr.-President’ * r
Frederick L. Ames,
John F. Anderson,
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Higginson,
Henry 8. Howe,
Walter Hunnewell,
William P. Mason
George Von L. Meyer, i
Laurence Minot,
Richard Olney'
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer "
John I. Waterbury,
Stephen M. Weld,
Henry C. Weston
T. JEFFERSON COOLIDGE, JR.,
President.
C. S TUCKERMAN,
Secretary
New York Guaranty &
Indemnity Co.,
59 C E D A R S T R E E T , N E W Y O R K ,
M u tu a l Life B u ild in g .
C A P IT A L ,
SURPLUS,
-
-
-
$2,000,000
$500,000
ADRIAN ISELIff, Jr., Vice-President.
GEO. R . TURNBULL, 3d Vice-President.
HENRY A . M U RRAY, Treas. and Sec.
J. NELSON BORLAND, Assist. Secretary
DIRECTORS.
Samuel D. Babcock,
Augustus D. Juilliard,
Frederic Cromwell,
Richard A. McCurdy,
Josiah M. Fiske,
Edwin Packard,
Walter R. GiUette,
Henry H. Rogers,
Robert Goelet,
Henry W. Smith,
George Griswold Haven, H. McK. Twombly,
Oliver Harriman,
Frederick W. Vanderbilt,
Charles R. Henderson,
William C. Whitney,
Adrian lselin, Jr„
J. Hood Wright.
EXECUTIVE COMMITTEE.
Samuel D. Babcock,
Richard A. McCurdy
Frederic Cromwell,
Edwin Packard,
George Griswold Haven, H. McK. Twombly,
Augustus D. Juilliard,
Henry H. Rogers.
Mississippi Valley Trust
Company,
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver.
Fiscal and Transfer Agent and as Registrar of
Stocks and Bonds; Is a legal depository lor
Trust Funds and for moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
New York Clearing House.
A. D. WHEELOCK, President.
ST. LOU IS, M ISSO UR I.
Wm. Dick,
A. D. Baird
Darwin R. James,
E. B. Tuttle,
John Truslow,
Ditmas Jewell,
F. W. Wurster,
TRUSTEESi
Bernard Peters,
Wm. E. Horwill,
J. B. Voorhees,
A. D. Wheelock,
Wm. F. Garrison,
Jno. T. Willetts,
Chas. H. Russell,
John Loughran,
Edward T. Hulst.
Jno.McLaughlin
A. M. Suydam,
Wm.E.Wheelock
Ó. F. Richardson.
Henry Seibert.
St. Louis Trust Co.,
CORNER 4th AND LOCUST STREETS
St. Louis, Mo.
Capital and Surplus, DIRECTORS!
Capital......................... ...................$ 1 ,5 0 0 ,0 0 0
CAPITAL AND SURPLUS, - $ 9 ,7 5 0 ,0 0 0
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
or trustee.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators or trustees of estates,
and women unaccustomed to the transaction of
business, as well as religious and benevolent institu
tions, will find this company a convenient depository
for money.
“JOHN A. STEWART, President.
GEORGE BLISS, Vice-President.
JAMES 8. CLARK. Second Vice-Pres’t.
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assistant Secretary,
TRUSTEES:-
Wilson G. Hunt, Jno. H. Rhoades, Chas.J3. Smith,
Daniel D. Lord, Anson P. Stokes, W m.Bockefeher,
Geo.H. Warren, Alex. E. Orr,
Samuel Sloan,
Wm.H. Macy,Jrn
James Low,
George Bliss,
Wm. D. Sloane.
Wm. W. Phelps, Wm.Libbey,
D, Willis James, John O.,Brown, G. H. Schwab,
John A. Stewart, Edward Cooper, Frank Lyman,
Krastus Corning, W. B’y’d Cutting, Geo. F. Vietor,
Wm. Waldorf Astor.
Manhattan
Trust
Co.
Corner o f W all and Nassau Sts., N. Y.
CAPITAL, . ( . ..................... $ 1 ,0 0 0 ,0 0 0
DIRECTORS
F. 0. French, N. Y.
R. J. Cross. N. Y.
H. L. Higginson. Boston.
August Belmont. N. Y.
E. D. Randolph, N. Y.
H. O. Northcote, N. Y.
C. C. Baldwin, N. Y.
Chas. F. Tag, N. Y
John Kean, Jr., N. J.
H. W. Cannon, N. Y.
John R. Ford, N. Y.
T. J. Coolidge, jr., Bos.
James O. Sheldon, N. Y.
A. S. Rosenbaum, N. Y.
John N. A Griswold, N. Y
Sam’l R. Shipley, Phila.
R. T. Wilson, N. Y.
J. I. Waterbury, N. Y
ESTABLISHED 1865.
E u g e n e
R .
C o l e ,
STATIO NER . AN D P R I N T E R .
Supplies Banks, Bankers, Stock Brokers and Cor
porations with complete outfits o f Account Books
and Stationary.
CP- New concerns organizing will have their
orders promptly executed.
N o. 1 W IL L IA M S T R E E T .
HANOVER SQUARE.)
TH O R O U G H CIPHER CODE.
Secresy Device Perfect: Copious.Blanks: Handy Size
($1.50 each.) ($3.00 pair.) ($15.00 doz.)
GET IT FROM
BUBNZ & CO.
3 4 Clinton PI.
«TTBN7’
C . J U J E Iii,
or
5th Floor,
33 W all St
C. W. Branch & Co.,
BANKERS AND BROKERS,
State b a n k Building ,
R IC H M O N D ,
IV A .
PIPrivate wires connecting with Washington, Balti
more, Philadelphia, New York, Boston and Chicago.
New York Correspondents : Messrs. Moore a
$300,000; deposited with State Officer to
Schley and Prince &Whitely
protect trust liabilities,
A GENERAL TRUST COMPANY BUSINESS.
TH E
Allows Interest on Deposits.
Authorized to act as Executor, Guardian, Receiver,
Trustee, &c. Manages Estates. Collects Routs.
Becomes Surety on all kinds of Court Bonds.
Has Safety Deposit Vaults; a Savings Department.
INVESTMENT SECURITIES A SPECIALTY.
(ANNUAL.)
DIRECTORS!
„ §
Charles Clark,
L. G. McNair, Chas. H. Bailey;
Thos. T. Turner, John D. Perry, F. W. Paramore,
Wm. F. Nolker,
John Scullin,
Geo. H. Goddard,
T. O’Reilly, M.D., B.F. Hammett, James Campbell,
Sam’l M. Kennard, 8. E. Hoffman, August Gehner,
Aug. B. Ewing,
D. W. Caruth, Julius S. Walsh,
S. R. Francis.
B. F. Hobart. Williamson Bacon,
OFFICERS:
A Year Book
Julius S. W alsh , President. _
>J
John D. P e r r y , 1st Vice-President.
OF
John Scullin , 2d Vice-President.
B r e c k i n r i d g e Jones, Secretary.
UNDER STATE SUPERVISION.
Financial Review .
1892 .
FIN A N C IA L
$ 3 ,0 0 0 ,0 0 0
John T. Davis,
Alvah Mansur,
Daniel Catlin,
Edward S. Rowse,
Sam’l W. Fordyce,
Jno. A. Scudder,
August Gehner,
Edward C. Simmons,
Henry C. Haarstick,
Edwin O. Stanard,
Wm. L. fluse,
J. C. Van Blarcom,
Chas. D. McLure,
Thos. H. West,
Edwards Whitaker.
THOS. H. WEST, President.'*
JOHN D. FILLEY, Secretary.
A. C. STEWART, Counsel.
Allows Interest on Deposits. Executes Trusts of
every Description. Acts as Registrar and Transfer
Ageht, &a
OF NEW YORK,
4 5 and 47 Wall Street.
PUBLISHERS,
3 0 3 N orth 4 th Street,
JOH^TRUSLOvf, } Vice-Prest’s.
0 . F. RICHARDSON, Secretary.
United States Trust Co.
TRANSACTS A GENERAL BANKING AND
TRUST COMPANY BUSINESS. AND SOLICITS
F. O. French, President.
J. I. Waterbury, V.-Pres
THE ACCOUNTS OF CORPORATIONS, FIRMS
A. T. French, Secretary and Treasurer.
AND INDIVIDUALS.
ALLOWS INTEREST ON DEPOSITS. EXE
INTEREST ALLOWED ON DEPOSITS.
CUTES TRUSTS OF EVERY DESCRIPTION
REGISTRAR AND TRANSFER AGENT
EDWIN PACKARD. President.
Certificates of deposits issued for time deposits,
on which s p e cia l r a te s will be allowed.
Interest commences from date oi deposit.
[ V o l . LIT.
Metropolitan Trust Co.
37 a n d 39 W a ll Street. N ew Y o r k .
Paid-Up Capital.................,...:$l>000,00a
Surplus................................ .......... | 7 0 0,00 0
Designated as a legal depository by order of
Supreme Court. Receive deposits of money on in
terest, act as fiscal or transfer agent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Thomas Hillhouse, Pres. Fred’k D. Tappen, V.-Prc t
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
George D Coanev. Assist »n Secretary.
IN F O R M A T IO N .
STS P A G E S .
Bound In red cloth, - - To Chronicle Subscribers,
- -
- -s-
$3 00
1 50
W IL L IA M B . DANA & CO.,
«
(P U B L IS H E R S ,
1 0 3 W i lli a m Street, N ew Y o r k .
THE
M a e c h f t , 1892 J
CHRONICLE
ffitxaixtmX.
ffiiumciaX.
The Security Mortgage &
Trust Company
V IR G IN IA DEBT.
OF DALLAS, TEXAS.
Capital Paid in............ »........ 8 5 0 0 ,0 0 0 00
Assets Dec. 3 1 , 1S91, over $ » ,0 9 9 ,9 1 1 6»
OFFICERS.
•J. T. TREZEVANT, President.
J. T. DARGAN, 1st Vice-President.
J. C. O’CONNOR, 2d Vice-President.
GUY SUMPTER, 3d Vice-President.
W. W. RODGERS, Secretary.
E. M. REARDON, Treasurer.
BARROW, WADE, GUTHRIE & CO., o f New York
Auditors.
Advisory Committee o f Stockholders,
Philadelphia.
I. J. WISTAR, Chairman.
George W. Blabon,
George F. Tyler,
George De'B. Keim,
George M. Troutman,
John J. Zeigler.
J. N. Hutchinson,
Six per cent 5-year Gold Mortgages on Texas city
and country properties.
_
Also 0 per cent 10-year Gold Debentures based on
such mortgages, interest and principal payaDie
either in New York, Baltimore, Philadelphia or
^Collect claims o f all kinds anywhere in Texas or
the Southwest.
MB
.
. . _, .
Make sales, pay taxes, collect rents, and deal in
select Municipal and Corporation Bonds.
A ct las Trustee, Executor, Administrator, Guar
dian, Receiver and Financial Agent for Estates,
Cities, Railroads, etc.
l u t t i o n s .
Central Trust Company
OF NEW Y O R K .
Brown, Shipley & Company
OF LONDON.
The Mercantile Trust & Deposit Co.
OF BALTIMORE.
The Planters’ National Bank
OF RICHMOND.
W IL L RECEIVE FURTHER DEPOSITS
OF THE OBLIGATIONS OF THE STATE
FOR A LIM ITED PERIOD W ITHOUT
PENALTY.
Penalties which have been collected will
be returned upon appplicatlon.
A copy of the Virginia Statute has been
filed with each depositary.
I The Commission of Distribution will take
action after the books of the Committee are
closed in accordance with the terms of the
Plan and Proposition” of Nov. » 8 , 1890
NEW Y O R K , March 1», 18 9 ».
FREDERIC P. OLCOTT,
CHARLES D. DICKEY, Jr.,
W IL L IA M L. BULL,
HUGH R. GARDEN,
HENRY BUDGE,
JOHN GILL,
Bondholders’ Committee.
DEALT IN BY
SAMUEL H. BARROWS, 34 New St .
SOUTHERN
California Securities
OF THE HIGHEST CHARACTER.
7 Per Cent Debenture Bonds.
8 Per Cent Guaranteed Mortgages.
W . R. T . Johnston,
60 B R O A D W A Y , N E W Y O R K . ^
George M. Hicks,
5 E U C L ID A V E N U E , R O O M » 6 ,
C L EVEL AN D , O H IO .
REAL ESTATE AND LOANS.
Choice loans on inside property placed for Eastern
parties. Best o f references given. Your favors
solicited.
Stocks and B on ds o f the New
a r k Passenger and R ap id Transit
Street R ailw a y Companies
DEALT IN BY
J. S. R IPPE L,
7 C linton Street, N ew a rk , N. J .
ST O C K S and BONDS
A t Auction.
G. S. ELLIS, Secretary,
51 Wall Street, New York.
S to ck s a n d
At the Real-Estate Exchange & Auction Room,
Nos. 69 to 05 Liberty St.
(For account of whom it may concern.)
100 shares American Exchange National Bank, $100
6 shares Thurber-Whyland Co. preferred, $100
each.
2 shares Thurber-Whyland Co. ’common, $100
each.
50 shares National Broadway Bank, $25 each.
1.000 shares Columbus & Eastern Coal Co., $100 each.
(hyDOth cated.)
9 shares Bank o f America. $100 each,
10 shares New York New Haven & Hartford RR.
Co., $100 each.
25 shares National Bank of the Republic, $100 each.
25 shares National Bank of Commerce, $100 each.
50 shares Bank of New York, N. B. A., $100 each.
60 shares Continental National Bank, $100 each.
25 shares Importers’ & Traders’ National Bank,
$luO each.
35 shares Leather Manufacturers’ National Bank,
$100 each.
iro shares Merchants’ National Bank, $50 each.
140.000 shares Copper Hill Mining Co., $1 each.
26 shares National Park Bank, $100 each.
5,500 shares Florence & Keyport Joint Companies.
$32,000 Columbus & Eastern Coal Co. 1st Mortgage
6 per cent Bonds, due Jan. 1909 (hypoth
ecated.)
$10,000 Nashville ft Chattanooga RR. Co. 1st mort
gage 7 per cent Bonds, due 1913.
$2,000 Chicago Rock Island & Pacific RR. Co. 5 per
cent Bonds, due 1934.
$1,000 City of Keokuk Special Tax 10 per cent Bond
due 1860. May, 1859, coupon on.
$35,000 Fremont & Indiana RR. Co. 1st mortgage
Bonds, due 1872.
$21,000 Brady’s Bend Iron Co. 2d mortgage Bonds,
due 1887.
$500 Brooklyn Annex Street Railway Co. 1st mort
gage bonds, July, 3888, coupon on.
(By order of Executors.)
103 shares Republic Fire Insurance Co., $100 each
(in liquidation.)
50 shares Columbia Fire Insurance Co., $30 each (in
liquidation.)
1,160 shares Pithole Mutual Petroleum Co., $10 each.
180 shares Pittsburg & New York Oil Co., $1 each.
25 shares Asbury Life Insurance Co., 100 each.
2 shares South Side Improvement Co., Babylon,
L. I., $50 each.
1.000 shares South Silver King Mining Co., situated
at Silver King, Arizona, $25 each.
750 shares Iron Cap Consolidated Mining Co. at Sil
ver King, Arizona, $1 each.
1.000 shares McKinley Oil Creek Petroleum Co., $5
Northern Pacific Rail
road Company.
Notice Is hereby given that 100 o f the GENERAL
SECOND MORTAGE BONDS of the NORTHERN
PACIFIC RAILROAD COMPANY were this day
drawn from the sinking fund, in accordance with the
requirements o f Article 11 of the Trust Mortgage,
numbered as follows, viz.:
$ 1 ,000 COUPON BONDS.
6754
173
3285
9547
15071
7154
217
3654
15397
9577
7219
424
3072
15534
9722
3675
7308
10070
545
15693
7446
633
3751
10202
15861
7491
10213
822
4188
16040
7695
11710
969
4214
16151
7915
1193
12478
16152
6318
8173
12596
1242
5356
17387
8219
12676
1275
6359
18118
8234
1806
5426
13281
18272
8508
13323
2059
6520
18346
8583
13375
2145
6809
18347
8597
13378
2164
5811
19236
5850
8761
13427
2227
19289
14556
6039
8887
2242
19366
9194
14585
19479
2262
6222
9166
2594
6374
14587
19566
6885
9167
14606
2772
19620
9460
6552
14777
3037
19939
These bonds will be paid at 110 and accrued in
terest upon presentation at the office of the FARM
ERS’ LOAN AND TRUST COMPANY, Nos. 16,18,
20 and 22 William Street, New York.
The Interest on the above bonds will cease on and
after April 1,1892.
THE FARMERS’ LOAN AND TRUST CO., Trustee.
By R . G. ROLSTON, President.
New Y ork , February 16,1892.
STOCKS AND BONDS Staten Island Securities
ON
A S P E C IA L T Y .
EVERY WEDNESDAY.
G a s , R a i l r o a d an d E le c tr ic L ig h t f i t .
S to c k s .
A D R IA N H . M U L L E R Sc SON,
GEO. B . R IP L E Y ,
66
B road w ay.
R oom
8.
B on d s,
1 UESDAY, March 22, at 12:80 P. M.
NO. 6.
The undersigned hold REGULAR WEEKLY
AUCTION SALES o f all classes of
Henry W. Donald, Auctioneer.
OF£«S
The undersigned Bondholders’ C mmittee hereby
give notice that they have effected a settlement of
the debt of the State of Virginia, under the Bond
holders’ Agreement of May 12,1890, and the “ Plan
and ^Proposition ” of Nov. 28, 1890, and that the
DEPOSITARIES, viz.:
Bochester Railw ay Co. Stock and Bonds.
Buffalo Railway Co. Stock and Bonds.
Newark Pass. R ’y Co. Stock and Bonds.
United Electric R’y, Nashville, Bonds.
B artford & Conn. Western R R. Stock.
Honsatonic RR. Preferred Stock.
NO. 1 PINE STREET, NEW YORK.
Richard V. Harnett & Co.
REGULAR AUCTION SALE
NO TICE.
DIRECTORS.
J. C. O’Connor , President City National Bank.
J. T. Trezevant , Associate Manager S. W. Dep t
Fire Association o f Philadelphia.
J. T. DARGAN, Vice-President.
Sa m P. Cochran , Associate Manager S. W. Dep t
American Fire Ins. Co. o f Philadelphia.
T. D. Ma rsalis , President Dallas Land & Doan Co.
G u y Sumpter , Capitalist, (Late Ass’t-Treasurer
Texas & Pacific Railway Company.),
A l e x . Sanger , o f Sanger Bros., Wholesale and
Retail Dry Goods.
. „ ,,,,,
,.._
T. S. Miller , o f Leake, Shepard & Miller, Attor.
neys at Law.
D. E. Greer , Attorney.
v ii
$2,500 Asbury Life Insurance Co. Guarantee Cer
tificate.
$1,000 Bond of South Silver King Mining Co.
$150 Promissory note, dated July 23, 1883, made
by E. C. Noe and F. H. Smith.
Lists at auctioneers’, 71 and 73 Liberty St.
N. B.—Sales should be received by noon on Friday
to get the benefit o f advertising in this paper.
Richard V. Harnett & Co.
HENRY
W.
DONALD,
AUCTIONEER,
WILL SELL AT AUCTION
THURSDAY, March 24, at 12:30 P. M
A t the Real Estate Exchange and Auction Room, 69
to 65 Liberty St.
Special Sale o f Stocks and Bonds.
.
By order of Artemus S. Cadv, John W. Pirsson
and Willard F. Bliss, as Executors of the last will
and testament of Maria M. Flagg, deceased.
100 shares Consolidated Gas Co., $100 each.
100 shares United States Trust Co., $100 each.
123 shares Joliet & Chicago RR. Co., $100 each.
100 shares Louisiana & Missouri River RR. Co.
(guaranteed), $100 each.
10 shares Louisiana & Missouri River RR. Co. pre
ferred, $100 each.
4 shares Louisiana & Missouri River RR. Co. com
mon, $100 each.
50 shares Chicago & Alton RR. Co. preferred, $100
each.
10 shares Chicago & Alton RR. Co. common, $100
each.
50 shares Kansas City St. Louis & Chicago RR. Co.
preferred, $100 each.
1,820 shares North Creek Gold and Silver Mining Co.
of Colorado, $10 each.
$5,000 United States 4 per cent Bond, due 1907.
$5,000 Fidelity Loan ft Trust Co (of Sioux City,
Iowa), 6 per cent Bond, due 1899.
$20,000 New York & Harlem R.R. Co. first mort
gage 7 per cent bonds, due 1900 (2 of
$10,000 each).
$12,000 Second Avenue R.R. Co. General Consoli
dated debenture 5 per cent Bonds, due
Nov. 1,1909.
$3,000 Chicago & Alton ¡R.R. Co. 1st Mortgage 7
per cent Bonds, due 1893.
$10,000 Chicago ft Alton R.R. Co. Sinking Fund 6
per cent Gold Bonds, due 1903.
$10,000 Chicago Rock Island ft Pacific R.R. Co. 1st
Mortgage 6 per cent Bonds, due July 1,
1917 (2 of $5,000 each), registered.
$10,000 Chicago Rock Island & Pacific R.R. Co.
1st Mortgage Extension and Collateral
5 per cent Bonds, due July 1 1934 (2 of
$5,000 each), registered.
$33,000 St. Louis Jacksonville & Chicago R.R. Co.
7 per cent Bonds, due April 11894.
$5,000 Ohio & Mississippi R.R. Co. Consolidated 1st
Mortgage 7 per cent Bonds, due Janu
ary 1,1898.
$5,000 Cleveland Columbus Cincinnati & Indian
apolis R.R. Co. 1st Mortgage Consoli
dated 7 per cent Bonds, due June 1,1914.
$10,000 Chicago St. Louis ft New Orleans R.R. Co.
(Memphis Division) 1st Mortgage 4 per
cent Gold Bonds, due 1951.
$2,000 St. Louis Alton & Terre Haute R.R. Co. Pre
ferred 2d Mortgage 7 per cent Bonds,
due July 1 1894, Series D.
$5,000 Staten Island Rapid Transit RR Co. 1st Mort- gage;6 per cent Bonds, due 1913.
Lists at Auctioneers’ 71 and 73 Liberty Street.
vili
THE CHRONICLE
IV ol» LIST.
^ fin a n c ia l.
R ich m o n d & W e s t P o in t T e rm in a l R a ilw a y & W a re h o u se C o .
NEW YORK, MARCH 17, 1892.
TO TH E! H O L D E R S OF S E C U R IT IE S OF T H E R IC H M O N D & W E S T P O IN T T E R M IN A L R A I L W A Y & W A R E
H O U SE C O M P A N Y A N D OF IT S A U X I L I A R Y C O R P O R A T IO N S :
T h e com m ittee appoin ted on b e h a lf o f ik e stockh olders o f th e T E R M IN A L C O M P A N Y su b m its fo r y ou r a p p rov al
a p la n o f reo rg an iza tio n , (dated M a rch 1, w h ic h Is lodged w it h the C E N T R A L T R U S T C O M P A N Y o f (New Y o r k .
U n d er th is p la n th e fo llo w in g n e w securities o f a con solidated corporation are to be issued.
SECURITIES TO
BE ISSUED.
FOUR PER CENT 35-YEAR GOLD BONDS, TO BE SECURED BY FIRST MORTGAGE ON ALL THE PROPERTY AND EQUIPMENT OF A NEW COMPANY, INTEREST PAYABLE Q U A R T E R L Y ............................ ; ............................................................$170,000,000
FIVE PER CENT PREFERRED STOCK (NON-CUMULATIYE), VOTE OF MAJORITY OF PREFERRED STOCK REQUISITE
TO AUTHORIZE ANY ADDITIONAL MORTGAGE ON PROPERTY COVERED BY FIRST MORTGAGE............................ 70,000,000
COMMON CAPITAL STOCK........ ............ ........................................................................................................................................................’
l i o ’,000,000
TOTAL.................................................................................................. I ......................................................................................................... .$350,000,000
Holders of securities o f the RICHMOND TERMINAL COMPANY, the RICHMOND & DANVILLE RAILROAD COMPANY and the EAST
TENNESSEE VIRGINIA & GEORGIA RAILWAY COMPANY, and their aUied corporations, are invited to deposit the same with the CENTRAL
TRUST COMPANY (against its negotiable receipts which are to he listed on the Stock Exchange) and to become parties to the plan
The method of exchange and of distribution of the new securities is set forth in detail in the Plan of Reorganization.
Holders of Richmond Terminal Preferred and Common Stock and Richmond Terminal Five Per Cent Collateral Trust Bonds are invited to
subscribe to the cash fund of $ 1 4 ,5 8 8 ,6 4 0 , which is to be applied to meet the eash requirements of the plan, upon the following terms •
Each holder of 100 shares of said Common or Preferred Stock, and each holder of ten one-thousand-aollar Five Per Cent Collateral Trust
Bonds, is entitled to subscribe for $1,600 of said fund. For each $1,600 of such cash subscription the subscriber is to receive $2 000 of the new
Fours and $700 of the new Preferred Stock.
Holders of lesser amounts than 100 shares or ten thousand dollars of bonds may subscribe and become entitled to new securities in the
same proportion.
Subscribers must sign and deliver to the CENTRA L TRUST COMPANY a form o f acceptance of right to subscribe, which will be furnished
by the Trust Company.
All subscriptions must be made on or before the 14th day o f April, 1892, and at the time of making such subscription the holder o f the bonds
or stock on which the subscription is made must deposit the same with the Central Trust Company and become a party to the Plan of Reorgan
ization. The names of the subscribers will be registered by the Central Trust Company, and the right to the subscription shall belong to theregistered subscriber and shall not follow a sale of the bond, or of the stock, or of the receipts representing the same If on the 14tn dav of
April, 1892, any portion of said cash fund shall remain unsubscribed, the Committee charged with the execution of this plan will offer to the
registered subscribers the right to subscribe to the unsubscribed balance o f the said fund upon such terms as the Committee mav fix The right
to make such additional subscription muBt be exercised on or before April 25,1892.
’
The allotment of subscriptions shall be made by the Committee at the expiration of the period last referred to, the Committee reserving the
right to allot from any unsubscribed balance o f said fund an amount less than the amount of the additional subscription
Holders of said Five Per Cent Collateral Trust Bonds and of the Preferred and Common Stock may deposit their securities with said
depository, and beoome parties to the reorganization plan without subscribing to the $14,588,640 cash fund, if they shall elect to do so.
A b an k ers’ syndicate h a s been fo rm ed w h ic h h a s guaran teed th e entire su b scrip tion .
When in the judgment of the Committee sufficient securities have been deposited, the Committee will announce bv advertisement that the
plan has become effective.
Moneys arising from the subscription shall not be used by the Committee until such announcement shall have been made
? f Reorganization and forms o f acceptance and ^assignment of right to subscribe may be obtained'at the CENTRAL.
•UcCuJoA v OMJt jl^ 54 WAll Street.
Deposits of securities under the plan must be made on or before April 14th, 1892, unless the Committee shall extend the time therefor.
Application will immediately be made to list the reorganization certificates of deposit on the Stock Exchange.
Nbw Y ork , March 17,1892.
F R E D E R I C P . O LC O TT, C h airm an .
O L IV E R H . P A Y N E ,
W I L L I A M H . P E R K IN S ,
F R E D E R IC K D. TA P P E N ,
H E N R Y BUDGE,
GEORGE S. ELLIS, Secretary, 54 Wall Street, New York.
New Y ork , March 7,1892.
To the Stockholders of the
Edison General Electric Co.
AN D
Thomson-Houston Electric Oo.
H . C. F A H N E S T O C K , 1
J. K EN N ED Y TOD,
) Com m Ittee*
Green Bay Winona & St. Charles T . Wing & Co.,
Paul Railroad Co.
BONDS,
NOTICE.
Holders o f the Stock and Bonds o f the Green Bay
18 W A L L STREET, NEW Y O R K .“
Winona & St. Paul Railroad Company are requested
to sign Agreement of Reorganization, dated 24th day
o f February, 1892, and to deposit their holdings with Frank E. Wing,
Henry A . Glassiord.
The Farmers’ Loan & Trust Company, for which
Edward N. Gibbs, Special.
negotiable receipts will be given.
Application will immediately be made to list the
reorganization certificates of deposit on the Stock T H E CASHIER OF A NATIONAL BANK
JL in Michigan desires to place a limited amount o f
Exchange.
high-grade 6 per cent gold farm loans.
Copies of agreement may he had at the office of the
Address CASHIER,
care Commercial an d Fin an cia l Chronicle .
Secretary. Mills Building, New York City, or any
member of the Committee.
ESTERN UNION TELEGRAPH CO.
HERBERT B .TU R N ER ,
New Y ork . March 9,1892.
The Stockholders’ Agreement dated Feb. 9,1892,
between certain stockholders of the Edison General
Electric Company o f New York and the ThomsonHouston Electric Company o f Connecticut, under
which the undersigned were appointed a committee
to carry out the consolidation o f the interests o f the
two companies on the plan therein set forth, having
been signed by a majority o f the stockholders of the
two companies mentioned, the undersigned hereby
give notice that the agreement has now become op
erative, and is binding on all the parties thereto.
M. TAYL O R PYNE,
All parties who have signed the said agreement
JOSEPH W A L K E R , JR.,
are required to deposit their stock without delay
Secretary.
with the New York Guaranty & Indemnity Company
in New York or the Old Colony Trust Company in
Boston, and receive in exchange therefor the tem N O R T H E R N PACIFIC RAILROAD CO.
porary receipts of said depositaries.
aV
T reasu rer ’ s Office, No. 17 B road St .,
I ■
New Y o rk , Feb. 18, 1892.
Parties to the agreement and all the stockholders
A dividend o f ONE DOLLAR per share has this
o f either company who have not signed the same, day been declared on the preferred stock o f this
who shall fail to deposit their stock as above on or company for the quarter ending Dec. 81,1891, pay
April 15, 1892, to holders o f record March 11,
before the 21st day of March, 1892, shall then forfeit able
1892. The transfer hooks of the preferred stock
any right to come in under said agreement, except will close at 3 o ’clock P. M. March 11,1892, and
by the express permission o f the Committee, and on remain closed until 19 o ’clock A. M. April 19, 1892.
By order of the Board o f Directors.
such terms as it may impose.
GEORGE S. BAXTER. Treasurer.
J. PIER PONT MORGAN,
H . M cK. TW O M B LY,
D. O. MILLS,
FREDERICK. L. AMES,
T. JEFFERSON COOLIDGE,
H . L. HIGG1NSON,
Committee.
/CHICAGO M IL W A U K E E & ST. PAUL
H. B. Philbrook,
155 & 157 BRO ADW AY, NEW Y O R K .
B ro k e r fo r Southern Securities.
Agent for holders of Southern State Bonds.
Loans procured on first-class business property in
■ Leading Southern cities.
Corporations and Capitalists having m ney to loan
can find higher interest in Southern cities and by
investments in loans on business property.
RAILWAY COMPANY.
Notice is hereby given that a dividend has been
Co r r e s p o n d e n c e I n v i t e d .
declared from the net earnings during the current
fiscal year o f THREE DOLLARS AND FIFTY
CENTS per share on the preferred stock o f this
company, payable on the 19th day o f April next,
Holders of the unpaid bonds of Alabama are re
at the office o f the company, 42 Wall St., New York.
quester to call at
The" preferred stock transfer book will close on
ROOM 10, 155 B RO AD W AY,
the 26th day of March, at noon, and re-open on the
20th day o f April next.
to sign petition for the settlement <f such bonds.
FRANK S. BOND. Vice-President.
Particulars given at above office.
Alabam a Repudiated Bonds.
W
DIVIDEND NO. » 4 .
The Board of Directors have declared a quarterly
dividend of ONE AND ONE-QUARTER PER
CENT upon the capital stock o f this company, from
the net earnings of the three months ending
March 31st inst., payable at the office o f the Treas
urer on and after the 15th day of April next, to
stockholders of record at the close of the transfer
books on the 18th day of March inst.
The transfer books will be closed at 3 o’clock on
the afternoon of March 18th inst. and re-opened
o d the morning o f April 2d next.
R. H. ROCHESTER, Treasurer.
HOLDERS OF CHICAGO GAS COMPAN
IES’ FID ELITY TRUST RECEIPTS
of record, March 8, 189J, can obtain circu
lars giving particulars of the option offered
to them ou application atonr office, or at the
Chicago Gas Companies office, 48 Exchange
Place.
Books of subscription will close at the Cen
tral I'rust Company, 54 W a 'l St., at 3 P. M .
on March 125.
E. C. BENEDICT & COMPANY,
29 Broad Street.
U RAN KLIN TR U *T COMPANY,
.i
186 REMSEN STREET.
DIVIDEND No. 7.
B rooklyn , N. Y., March 16,1892.
The Board of Trustees has this day declared a
quarterly dividend of TWO (2) PER CENT, payable
April 1, 1892, to stockholders of record at the close
of business March 25, 1892. Transfer books will be
closed from 3 o’clock P. M. March 25 until 10
o’clock A. M. April 1, 1892.
JAMES R. COWING, Secretary.
■
_ _
..
_____
G AZIN E,
W ttfe li}
fjm js p iip w ,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
Entered according to Act of Conferees, In the year 1892, by
W
m
.
B. D ana & Co., In the office of the Librarian of Congress, Washington, D. O.]
SATURDAY, MARCH 19, 1892.
VOL. 54.
< & ix x o \ x itlz .
Terms o f Subscription—Payable In A dvance:
For One Y ear..................................................................
$10 00
For Six M onths.....................................................................
6 00
European Subscription (including postage).......... .......... 11 50
European Subscription Six Months (including postage). 6 75
Annual Subscription in London (including postage)— £ 2 8s.
Six Mos.
do.
do.
do.
. . . . £1 9s.
The I n vestors ’ Supplem en t of 160 pages is issued every other
month, on the last Saturdays of Jan., March, May, July, Sept, and
Nov., and furnished without extra charge to all subscribers of the
•Ch r o n ic l e .
The State and Cit y Su pplem ent of 184 pages is also given to every
yearly subscriber o f the Ch ro nicle .
NO. 1,395.
of 35*1 per cent, while for the remainder of the country the
excess reaches 7*8 per cent. The most important gains out
side of New York, so far as percentage is concerned, have
been at Memphis, 67 per cen t; St. Joseph, 39; Salt Lake City,
38*4; Lowell, 34*8; New Bedford, 33*5, and Denver, 32*2 per
cent. The only noteworthy losses have been at Birmingham
and San Francisco.
Week Ending March 12.
1892.
New York......................
1891.
$
770,621,966
$
570,465,387
1,413,188
1,271,022
1.233,806
1.025.040
936,791
520,352
1,298,131
1.171.47e
1.053.505
1.170.591
694.89Í
389,881
Week End’g Mar. 5.
P. Cent
P. Cent.
+35T
$
770,624,206
+54-2
+8S
48-5
+17-1
—12-4
4-34-8
+335
1,191.857
1,222,643
1,157,355
1,156,664
755,600
426,858
—2-6
—2-1
+0-9
—4-6
+28-8
-6 7
Sales of—
(879,453) (+165-6;
(Stocks............. shares.) (2,336,048)
(2,660,967) (+171-5)
(661.000) (-14-9;
(Cotton.............. bales.)
(562,500)
File covers are sold at 50 cents each, and to new subscribers for a
(361.100) (-32*9)
(Qrain............ bushels.) (28.600.837) (68,531,075) (-58 3) (36,0881512) (-OS
year one file cover is supplied without charge; postage on the same is
(Petroleu/m.......... bbls.)
(272,000)
(304,000) (-10-5)
(432,000) (-56-9)
18 oents.
Subscriptions will be continued until definitely ordered stopped. The Boston............................
87,535,156
86,883,342
40-7
+4-1
94,516,965
publishers cannot be responsible for remittances unless made by drafts Providence....................
6.229.30C
5.739.700
+98
—2-1
5,177,600
2,004.697
1.795,180 +11-7
Hartford........................
+0-9
o r Post Office money orders.
2,503,448
New Haven...................
Springfield.....................
Terms o f Advertising'—(Per inch space).
One tim e................................ $ 3 50
-One Month
( 4 times).- 1100
Two Months
(8 “ ). 18 00
L ondon
Three Months (13 tim es)..$25 00 Worcester......................
Portland.......................
Six Months
(26 “ ).. 43 00 Lowell
..........................
Twelve Months (52 “ ) .. 58 00 New Bedford,...............
A g en ts:
Total New England...
Is. each.
WILLIAM B. DANA. <
JOHN G. FLOYD.
}
1 0 2 W i l l i a m S tr e e t, N E W Y O R K .
P ost Of f ic e b o x 958.
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, etc., indicates
-that the total bank clearings o f all the clearing houses o f the
United States for the week ending to-day, March 19, have
been $1,188,642,826, against $1,218,053,677 last week and
-$1,018,827,481 the corresponding week last year.
CLEARINGS.
Returns by Telegraph.
Week Ending March 19.
1892.
1891.
101,679,752
99,686,304
+20
108,108,890
+3-5
Philadelphia..................
Pittsburg.......................
Baltimore.......................
Buffalo...........................
Washington..................
Rochester......................
Syracuse........................
Wilmington...... ...........
Binghamton................ . •
66,650,272
12.679,779
14.377.772
7.183,616
1.842.430
1.441.95Í
860.015
835,484
253,000
56,306.595
11.899.05C
12,726.275
6,706.122
1,916,822
1,456,852
786,942
803.91C
226,500
+184
+66
+13-0
+7-1
—3-9
-1-0
+ 93
+3-9
+117
78,344.388
14,168.403
15,361.819
7,892.970
1,971,572
1,624.701
938.666
788,383
253,100
+20-5
+8-1
+7-6
—1-1
+12-6
+1-8
+15-2
—17*7
+5-6
Total Middle...............
106,124,326
92,829,087
+14-3
121,344,002
+14-7
Chicago.........................
Cincinnati......................
Milwaukee.....................
Detroit...........................
Cleveland......................
Columbus.......................
Indianapolis..................
Peoria............................
Grand Rapids................
Lexington......................
87,568,361
13.333.950
6,922,347
6,248,919
4,920,564
2.971,900
1,627,902
1,823,455
894,393
490,981
77.807.903
12.591.80C
4,978,172
6.702.18fi
4,443,006
3.218.20C
1,771,382
1.871.72C
1,014,928
437,960
+12-5
+5-8
+18-9
+9-6
+10-7
-7-7
-8 1
—13-3
-11-9
+12-1
96,615,463
14,019.100
6,500,000
6,379.833
5,392.277
2,941,100
1,811,913
2,143,331
865.438
570,000
+18-4
+2*2
+21-0
+12-3
+4-9
—9-9
-9 0
+7-3
+15T
+10-2
Total Middle Western.
125,602,772
113,837,268
+10-3
137,238,455
+14-3
13,442.016
1,981,933
1.629,630
964,757
772,489
916,058
18.489,669
1,620,166
1.177.836
962.161
876,751
745,070
-27-3
+22-3
+38-4
+0-3
—11-9
+23-0
18.552.635
2.427,477
1,677,137
1.097.826
856.302
811,321
-4-4
+28-5
—2-6
—10-4
-2
-8-1
19,706,883
23,871,643
—17-4
25,422,698
-2-2
Topeka...........................
8.853.580
6.755,726
4.131,221
4.654.152
5.681,023
1.700,000
1,884,142
920,235
872,992
591,601
663.394
333,266
8.216,277
5.554,183
3.730.102
4.279.035
4.298,440
1.428,911
1.355.933
959.586
733,395
524,797
524,473
346,171
+7*8
+21-6
+10-8
48-8
+32-2
+19-0
+390
—4-1
+190
+12*7
+26-5
—3-7
9.667,076
7.653,844
4.669,622
5,339,061
5.099.114
1.900,000
2.064,352
1.119,015
925.253
693.910
794,366
474,601
+10-4
+42-8
+18-0
+30-3
+10-9
+47-4
+10-3
+15-0
■fö'8
+16-8
+42-7
+100
Total Other Western..
37,041,332
31,951,303
+15-9
40,300,214
+21-2
21,783,415
10.536.769
7.239,261
2.314.893
1.828,378
2.650,833
2.146,939
1.022.284
1.014.569
585.612
777,062
616,594
467,100
+9-8
+14-2
—7-7
—2-8
4-5-1
4-67-0
—10-2
-9-9
-1*4
—10-4
—28-1
-t-5’4
-3 7
23.155,400
7.805,753
7.792.080
2.550.000
1.971,080
4.382.528
2.206,582
900,000
905.943
395.000
601.569
676,196
502,000
1,694,403
1,532,320
+7-8
—34*5
- 8 ’8
—9-4
+17-8
+50-T
Chattanooga...........
Savannah*......... ...........
Atlanta*.........................
23.925,275
12.034,416
6,685,144
2.250.000
1.921.485
4.427,357
1.927,721
921.404
1.000.000
525,000
558.954
649,890
450,000
1,404,520
1,415,689
Total Southern..........
+81
Per Cent,
New Orleans . . . . . . ____ _
$602.736,381
76,951,679
61,421,702
13,049,622
79,968,000
18,877,280
9,762,991
$509,420,313
70,007,857
51,863,266
11,696.645
68,287,000
17,409,240
8,687,061
Seven cities, 5 days...
’-Other cities, 5 days...... .
$861,757,655
130,473,948
$737,371,382
116,091,432
San Francisco................
Portland.........................
+18*3 Salt
Lake City...............
+8-5
+18-4
Los Angeles...................
+11-6
Total Pacific...............
+17-1
+8*4 Kansas City...................
+12-4 Minneapolis...................
St. Paul..........................
+16-9
+12-4
Total all cities, 5 days.
A ll cities, 1 day.................
$992,231,613
196,411,213
$353,462,814
165,364,667
+16-3
+18-8
$1,188,642,826
$1,018,827,481
+16-7
New York................... .
Boston............................. .
Philadelphia............ .......
Baltimore____ . . . . ..
■C hicago____ . . . . . . . . . . . . . .
•St. L o u is............ .......
Total all cities for w eek...
The full details of clearings for the week covered by the
above statement will be given next Saturday. W e cannot, of
«course, furnish them to-day, bank clearings being made up by
the various clearing houses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night. Below
are our usual detailed figures for the previous week, that is
covering the returns for the period ending with Saturday
noon March 12, with the comparative totals in 1891.
The aggregate of clearings for the week is only slightly less
than for the week ending March 5, and compared with Feb.
27 records a very considerable increase. Speculation in share
properties on the New York Stock Exchange has been less
active than in the preceding week.
Contrasted with a year ago the week’s clearings show a gain
o f 23‘6 per cent, the New York figures exhibiting an increase
St. Louis.......................
New Orleans..................
57,276,646
52,983,709
Total all...................... 1,218,053.677
Outside New York....... 447,431,711
985,624,701
415,169,814
10.022,659
1,109,870
6,569,390
640,256
8,428,283
1,115,201
Montreal*.......................
Halifax*.......................
Hamilton*................... J
* Not included in totals.
-6-3
—11-3
-1 0 0
-31-7
—20-9
+25-5
—9*2
53,814,131
-4-1
+23-6 1,256,882,596
+7Ô 486,258,390
+17*9
+9-1
+18-9
—0-5
+21*2
-0-3
9,872,281
1,004.954
6,821,810
768,804
460
THE CHRONICLE.
[voe, u v ,
period a year ago, and nearly 50 per cent larger than
two years ago. Last Saturday the aggregate of specie
STATE AflIB CITY B E f AftTPEÌJT. and legal tenders was $149,190,600; on March 14th
1891 the aggregate was only $112,476,300, and March
See pages 501, 502, 503 and 504 for our State
15th 1890 it was but $103,664,300.
The surplus
and City Department to-day. Among many other items of reserve the present year at $16,196,450 compares with
news we give the full detailed statements of the bonded $9,793,575 in 1891 and $1,050,800 in 1890.
debt, &c., of Providence, R. L, Cambridge, Mass., and Troy,
As represented by bankers’ balances money on call
N. Y ., thè debts of each city having been revised to date.
this week has again ranged between I f and 2 per cent,
All advertisements with relation to State and City Bonds the average being close to the latter figure, and renewals
will likewise be found on the same and following pages.
have also been at that rate. Banks and trust companies
have advanced their call loan rate from 2 @ 2 f to 2 f @
3 per cent. These quotations however cover a class of
A n ew edition of the
loans that stand on a somewhat different footing from
ST A T E AH® CITY SU TPLEflfEU T,
ordinary call loans, it being well understood that
revised to as near the day of publication as possible, will be
though subject to call the loan will not be. disturbed
issued early in the month of May.
under ordinary circumstances. The time loan branch
of the market was inactive until Wednesday, when there
THE F IN A N C IA L S ITU A TIO N
appeared to be a better demand and a shade
Developments of the week have been various—some firmer tone, but the supply was sufficient to meet
favorable in their nature, others the reverse. A severe the inquiry. Rates are 3 per cent for 30 to 60
cold wave has passed over the West and South, natur days; 3 f for 90 days; 4 for four to five months,
ally creating apprehensions of damage to the growing and 4 f for six to seven months on good Stock Exchange
winter wheat. There is no doubt that spring farm collateral. There is only a fair demand for commercial
work, which by reason of the previous mild weather paper from the up-town banks, but the inquiry from
had been much in advance for the season, has been in out-of-town is good, and the supply of first-class names
terrupted ; but it is possible that the effect on wheat is not increasing. Rates are 4 per cent for 60 to 90 day
has not been serious, since in many sections there was endorsed bills receivable, 4 f to 5 for four months com
a heavy coincident fall of snow, thus protecting the mission house names, and 5 to 6 for good single names
plant against the cold. The week has passed without having from four to six months to run.
On Wednesday the London Court of Chancery ap
any further gold shipments, which is encouraging to
pointed
a receiver for the banking house of Murietta &
that extent;
but the time set for action
Co.,
the
firm which became embarrassed by reason of
on the Free Silver Bill
in the House of
South
American
ventures about the time the troubles
Representatives is drawing very close, and while busi
ness interests here are manifesting no feeling of alarm, of the Barings began, and whose reported diffi
assured that the President will interfere to prevent the culties since then have had more or less in
enactment of the measure, it remains to be seen how fluence at intervals upon the London market. Tim
Europe will regard the matter should it unfortunately failure of J. E. Guenzburg of St. Petersburg, a
happen that the objectionable bill should pass both large Jewish banker, was announced early in the week,
houses of Congress. Another month’s breadstuffs ex and it was reported that the losses by Berlin bankers
port statement has been furnished this week by the were heavy, causing some apprehensions at that centre
Bureau of Statistics at Washington, and adds further but subsequently it was stated that the failure would
testimony to the favorable character of our trade in not be as serious as was at first supposed. At St.
that respect. In London the banking firm of Murietta Petersburg an uneasy feeling has grown out of the
& Co., which has so long been tottering to its fall, all affair. At the half-yearly meeting of the Bank o f
the while keeping financial circles in a state of great England directors on Thursday, the Right Honorable
uncertainty, has been placed in charge of a receiver, William Lidderdale, the Governor of the Bank, stated
thus ending the suspense. Finally the long-looked-for that the present balance owing the Bank by the Bar
reorganization plan of the Richmond & West Point ings was £6,500,000. Speaking of the proposition to
Terminal has made its appearance, backed by strong relieve the Bank by transferring the assets held a»
interests. We need hardly say that the financial world security for this balance to a trust or committee, hu
would feel greatly relieved should these properties he said that the plan was impracticable. Sales of the
lifted out of their present embarrassed and embarrass securities had been difficult to effect, and could not
forced except at a serious sacrifice. He was not pre
ing situation, and placed on a new and firm footing.
There has been no material change in the market pared to speak with entire confidence of the final
for money. Last Saturday’s bank statement, as was outcome, but unless further political trouble»
expected, showed a heavy loss in reserves, the decrease arose in Argentine or Uruguay, he thought there
in specie and legal tenders amounting to $5,496,300. would be no loss to the guarantors of the fund.
This added to the loss of $5,267,500 the previous week Press dispatches state that it is now estimated that the
and the loss of $3,718,6Q0 the week before, makes Austro-Hungarian government will require £40,000,000
a total loss of about 14f million dollars in gold, instead of £20,000,000 as first calculated, for the
three
weeks.
Moreover since the 13th
of resumption of specie payments. The cable reports dis
February the surplus reserve of the banks counts of 60 to 90 day bank bills in London I f @ I f
has been reduced from $33,653,825 to $16,196,450. per cent. At Paris the open market rate is I f ; at Ber
And yet rates for money continue extremely low. One lin it is I f , and at Frankfort I f per cent. The Bank
reason for this no doubt is found in the fact that not of England gained £328,000 bullion during the week.
withstanding the great decrease which has occurred, This, as we are advised by special cable to us, was due
the banks still hold a very large volume of money— to the import of £85,000 from Portugal and India, to
fully one-third larger than at the corresponding exports of £35,000 to Java and Malta, and to receipt».
THE
maeoh
19,
im ]
THE CHRONICLE.
461
The anthracite coal companies have ordered an ad-,
of £278,000 from the interior of Great Britain. The
vance
in the price of chestnut coal, in order it is
Bank of France shows an increase of £175,000 gold.
stated
to
equalize prices with the prices of the other
The foreign exchange market has been dull and almost
sizes
of
coal.
The Bureau of Anthracite Coal Statis
destitute of feature this week, the rates having remained
tics,
through
Mr.'
John H. Jones, has this week fur
unchanged at 4 86-J for 60-day and 4 88^- for sight by all
nished
the
usual
monthly statement of production,
the bankers. The arbitrage houses have done little
stocks,
&c.,
and
the
results are on the whole very en
.or nothing to affect the market, though yesterday
couraging.
There
was
a further increase in stocks at
some demand from that source was reported. The
tidewater
points
during
February it appears of 94,721
market closes firm with rates for actual business 4 85^
tons,
but
this
is
surprisingly
small considering the
@ 4 86 for long, 4 87i@ 4 87f for short, 4 88@4 88£ for
great
increase
in
production
that
took
place as compared
cable transfers, 4 84f@ 4 85 for prime and 4 84-^@4 84§
with
a
year
ago.
The
output
of
the mines this
for documentary commercial billsi There have been no
year
was
839,771
tons
larger
than
in February,
exports of gold to Europe during the week. There was
1891,
the
Lehigh
region
contributing
157,507
an arrival of £125,000 and 1,000,000 francs on Thurstons
of
the
increase,
the
Schuylkill
291,933
tons
and
day by the Spree, in transit to Cuba.
the
Wyoming
390,330
tons.
Unless
therefore
there
As already said, the Bureau of Statistics at Wash
ington has this week issued the usual preliminary has been an accumulation of stocks at interior storage
statements of the exports of breadstuffs, provisions, points, the whole of this increase of 839,771 tons,
cotton and petroleum for the month of February, and except the 94,721 increase in tidewater stocks, has gone
they reveal the same characteristics noted in the ex into consumption. The comparison with last year
ports for previous months.
The breadstuffs ship however is even more favorable than this would appear
ments continue in the highest degree encouraging, to indicate, since tidewater stocks in the month of that
aggregate values for February, 1892, being $23,850,- year increased more than they did the present year
990, against only $8,349,997 for February, 1891. The that is to say, in 1891 with production only 2,377,201
wheat and flour movement was not quite so large as in tons, tidewater stocks were added to 143,910 tons,
other months, but nevertheless 15,188,039 bushels while the present year, with the production 3,216,972
were sent out, against only 7,756,074 bushels last year, tons, the addition to tidewater stocks was only 94,721
and furthermore the corn shipments and the rye ship tons. Here are the results in tabular form.
ments are playing a more than ordinarily prominent
January 1 to March 1.
February.
part in the totals. No less than 12,728,990 bushels of Anthracite Coal.
1891. 1 1890.
1892.
1890.
1891.
1892.
corn were sent out the present year, against only 1,414,Tons. ) Tons.
Tons.
Tons.
Tons.
Tons.
Stock
beginning..,
719 bushels last year, the value of the shipments being
685,653 1,026,107
754,432
697,772 1,138,927
790,932
oi period.........
$6,632,090, against only $870,464.
Of rye 787,- Production.......... 3,216,972 2,377,201 1,857,462 6,026,839 5,516,162 4,139,031
Total supply.. 4,007,90¡£ 3,074,973 2,996,379 6,781,271 6,051,8141 5,166,138
516 bushels, valued at $799,011, were sent out
885,653 841,682 1,148,379
885,653 841,682 1,148,879
St’k end of period
this year, against not a bushel last year in the same
6.210,132 4,016,759
5,895,618
1.848,000
2.238.291
S,122,251
Disposed o f....
month. In the case of the exports of provisions and
We see from this that the companies apparently dis
dairy products, total values this year fall about half a
posed
of 3,122,251 tons in February, 1892, against only
million dollars short of last year, and on cotton there
2,233,291
tons in February, 1891, and but 1,848,000
was a further loss of over 3f- million dollars, this latter
tons
in
February,
1890. In January there had been a
however following entirely from the lower price pre
falling
off
as
compared
with last year, but the increase
vailing for the staple, as more cotton went out in Feb
in
February
has
wiped
this
out completely, and left a
ruary 1892 than in February 1891— the export having
large
balance
on
the
other
side, so that for the two
been 608,104 bales against 603,721 bales. But the
months
the
amount
disposed
of stands at 5,895,618
gain in the breadstuffs values was so very heavy that
tons
for
1892,
against
5,210,132
tons for 1891 and
notwithstanding the loss on cotton and provisions, the
4,016,759
tons
for
1890.
aggregate for the four leading staples is far ahead of
Our stock market this week has been very dull— in
the aggregate for 1891, as the following table in our
fact
almost stagnant— with the volume of business
usual form will make clear.
becoming smaller from day to day, and no pronounced
EXPORTS OF BREAD8TUFF8, PROVISIONS, COTTON AND PETROLEUM.
tendency to prices. Some of the professional operators
1889-90.
1890-91.
1891-92.
Exports
had bought the Richmond Terminal stocks on the
from £7. S. February. 8 Months. February. 8 Months. February. 6 Months.
theory that when the plan of reorganization was pro
Quantities..
Wheat.bush. 8,820,155 116,519,342 3,900,699 31,153,997 4,800,470 87,071,465 mulgated those promoting the scheme would under
836,750 6,929,833 1,007,947 7,834,959
1,413,752. 9,573,183
Flour... bbls
take an upward movement in the securities of the con
Wheat, .bu. 15,188,039 159,598,666 7,756,074 62,338;246 9,336,232 72,328,781
55,444,778
cern; when they discovered that there was to be no move
13,423,811
1,414,719
20,936,717
Corn...bush. 12,728,990 45,076,838
Tot. bush.. 27,917,029 204,675,504 9,170,793 83,274,963 22,760,043 127,773,559 ment of this kind, they turned around and disposed
$
$
$
3
Values.
$
of their holdings, causing a decline in the securities.
$
W h’t & flour- 16,087,191 169,912,472 7,372,128 60,278,736 8,569,271 67,632,421
Baltimore & Ohio advanced sharply last Saturday,
24,157,937
5,527,298
932,322
11,623,558
26,419,561
6,688,037
Com& meal.
539,774
46,437
203,411
799,011 9,120,421
R ye..............
and though the price has reacted somewhat since, it has
437,138 1,911,201
519,331
19,464
186,502 3,235,934
Oats & meal.
606,815 kept above par, selling yesterday at 100^.
60,034
249,760
Reading
90,219 1,399,076 i 26,083
Barley..........
Br’dstuffs.. 23,850,990 210,087,464 8,349,997 72,874,796 14,640,178 94,848,148 stock has been weak on the bringing of a suit by the
Provisions*. ' 13,122,954 104,094,607 13,628,340 111,945,283 12,818,671 104,425,364
Cotton......... 26,132,716 203,217,940 29,825,870 227,325,974 21,438,937 209,524,447 Attorney-General of Pennsylvania to annul the lease of
Petrol’m,&c. 3,217,578 30,516,596 3,159,026 36,483,516 3,139,448 35,435,411 the Jersey Central and Lehigh Valley.
American
Tot. value. 66,324,238 547,915,607 54,963,232 448,629,569 52,037,234 444.233,370
Sugar Refining stock has advanced on news that nego
* Including cattle and hogs in all months and years.
Thus the February total for breadstuffs, provisions} tiations had been completed for absorbing some of the
cotton and petroleum combined is about 66£ million outside refineries. Atchison, Burlington & Quincy and
dollars the present year, against not quite 55 millions in others of the grangers have been rather firm and in
February of last year. In other words, there has been some cases higher. Business on the Exchange dwin
dled down to almost nothing yesterday, transactions
a gain pn these leading staples of 11£ million dollars.
THE CHRONICLE.
r462
[Y ol.
LTV.
outside of Richmond Terminal and Reading being in
These rates are lower than those of other European
countries. The following table has been prepared by
significant.
The following statement, made up from returns col the Commissioners on the basis of a recent article in the
lected by us, shows the week's receipts and shipments Archiv fü r Eisenbahnwesen.
SINGLE FAKE IN CENTS PER MILE.
of currency and gold by the New York banks.
Week Ending March 18,1892.
Net Interior
Movement
Received by Shipped by
N.Y. Banks•N. Y. Banks.
$1,531,000 $3,441,000 Loss.$l,910,000
Total gold and legal tenders....
$1,743,000
$4,382,000 Loss.$2,639,000
Result with Sub-Treasury operations.
Week Ending March 18,1892.
Into
Banks.
Out of
Banks.
Net Changein
Bank Holdings.
Banks'Interior movement, as above $1,743,000 $4,382,000 Loss.$2,639,000
16,100,000 16,400,000 Gain. 700,000
Total gold and legal tenders. . . . $17,843,000 $19,782,000 Loss $1,939,000
The following table indicates the amount of bullion
inthe principal European banks this week, and at the
corresponding date last year.
Gold.
£
Silver.
£
March 19,1891.
Total.
£
Gold.
£
Silver.
£
Total.
£
25,620,920 23,471,295
23,471,295
Bngland....... 26,620,920
France.......... 56,736,814 50,613,048 106,348,862 48,079,000 49.725.000 98.404.000
Germany.. .. 30,709,600 12,236,600 48.946.000 29,309,333 14,654,667 43.964.000
Anst.-Hun’y. 6.474.000 16,739,000 22.213.000 5.420.000 16.518.000 21.944.000
Netherlands.. 8.174.000 0,763,000 9.927.000 4.208.000 5,592,000 9.800.000
Nat. B’lglum. 2.864.000 1,427,000 4.281.000 2,942,666 1,471,334 4.414.000
Tot.this week 129,568,234 87,768,648 217,330,782 114,036,294 87,961,001 201,997,295
Tot. prev. w’k 128.947,908 87,543,771 216,491,679 113,727,878 87,825,333 201,553,211
THE ZONE SYSTEM OF PASSENGER FARES.
In their annual report just submitted to the Legis
lature, the Massachusetts Railroad Commissioners give
the results of a very thorough investigation as to the
workings of the “ zone system" in Austria and Hungary.
It is a much more complete presentation of facts than
any which has previously appeared, and reminds us of
the days when Charles Erancis Adams was doing simi
lar work in the same office twenty years ago.
The general features of the Hungarian system are
already familiar to most of our readers. The fares are
not arranged by miles, but by “ zones" of unequal and
arbitrary length. Thus, the first-class fare is 20 cents
for the first zone, up to 15 miles inclusive; 40 cents for
the second zone, from 16 miles to 24; and 20 cents for
each additional nine miles up to a little over 100. Then
the zones widen to 15 miles, the added charge per zone
still remaining the same; and after 140 miles are passed
no additional charge is made, no matter how great the
distance traveled. Second-class fares are four-fifths as
high as first-class; third-class half as high as first.
These fares only apply to accommodation trains; express
fares are from 20 to 25 per cent higher. All baggage,
except what can be carried in the hand, is charged ex tra. Thirty and sixty-trip books are issued at a reduction
below the regular rates.
The Austrian system is simpler than the Hungarian.
The fares are calculated on a mileage basis, and are only
rounded out to the limit of the successive zones. For
very long distances there is a diminution in rates below
a mileage basis, but not an entire abandonment of all
additional charge, as in Hungary. The Austrian mile
age charge for accommodation trains averages about £
of one cent third-class, 1£ cents second-class, and 2£
cents first-class; for express trains about 1*1, 2*2 and
3*3 cents respectively. All baggage is extra. Chil
dren's tickets and regular workmen's tickets are granted
at half price. Yearly commutation rates are very
low, first-class costing barely half what we pay in the
United States.
Second
Class.
300
2-84
Third Fourth
Class. Clast.
211
2-08
1-74
2*18
1*16
1*45
2-61
209
1-83
1-70
1-57
1*63
1-30
1*14
1*06
0-98
2-30
256
1*54
1*75
2*26
2-58
1-51
1-72
....
1-94
1-08
....
2-43
2*68
1-56
1-73
....
....
0*77
I t s h o u ld , h o w e v e r , b e n o t e d t h a t t h e fa r e s i n B r i t i s h
March 17,1892.
Bank of
First
Class.
England (all trains)............. ............. 4-23
France (express and accommodation) 3'78
Belgium State roads—
Accom m odation................ ............. 2-32
E xpress............................... ............. 2-9
Netherlands State roads (all trains)—
Up to 31 miles.................... ............. 3-26
31 to 62 miles.................... ............. 2-51
62 to 93 miles..................... ............. 2-28
93 to 124 miles.................. ............. 2-02
Over 124 miles.................... ............. 1-96
Prussian State roads—
Accommodation................ ............. 3 0 7
Express............................... .............3 46
Swedish State roads—
Accommodation................. ............. 3 0 1
Express................................
Russia—
Accommodation................ ............2*58
Italian roads—
Accommodation.................. ............. 3-47
E xp ress...............................
India are even lower than in Austria, the average re
ceipts for all classes being less than two-thirds of a cent
a mile. We are inclined to think also that the difference between Russia and Austria is more apparent than
real. In all these cases it is to the poverty of the in
habitants and the corresponding smallness of the ser
vice that the low rates are to be ascribed rather than to
any particular scheme of charges.
By a resolution of the Legislature, the Commission
ers were directed to consider whether the zone system
or any modification thereof could be applied with ad
vantage in Massachusetts. To this question they re
turn a decided negative. The very low rates for long
distances they regard as obviously unfair ; the simpli
fication in tickets amounts to very little as compared
with the existing system, and is secured at the price of
a good deal of injustice to certain localities. Nor has
the system enabled the Austrian and Hungarian roads
to make lower rates than those of Massachusetts. The
nominal third-class rates are lower than the regular
Massachusetts rates ; but the third-class accommoda
tion in Hungary is not such as Massachusetts travelers
would endure either in point of quantity, comfort or
speed. Comparing rates for equal services, as nearly
as can be done, the Massachusetts figures are in the
majority of instances actually lower. It should also be
noted that the wages of railroad labor in Hungary are
very much smaller than those in the United States.
The following interesting table is given of average
wages per annum paid to certain classes of employees.
United
New
States. England.
Occupation.
$
$
Baggage-masters....
510 00 557 00
Conductors................. 824 00
883 00
Engineers....................1,009 00 1,04100
Firem en.................... 562 00
592 00
Flagmen..................... 354 00
390 00
Section foremen....... 589 00
731 00
Switchmen.................. 471 00
557 00
Telegraph operators.
449 00 446 00
Great
Britain. Prussia. Hungary.
$
$
$
....
2S8 00
....
304 00
285 00
324 00
457 00
360 00
324 00
285 00
252 00
....
254 00
16920
52200
230 00
266 00
243 00
172 00
....
306 00
265 00
If the Massachusetts roads could obtain their labor
at Hungarian rates it would mean a saving of 20 per
cent in total cost of transportation ; but it will not do
to lay too much stress on this fact, for the cheaper
labor is also much less efficient.
One of the most interesting points incidentally
brought out in the discussion is the slowness o f the
Hungarian Government in making up its accounts.
The new system went into operation in the spring of
1889; there is to this day no estimate of its effect on
net earnings, so that its financial success cannot even
be guessed at. Imagine running a railroad system in
such a manner that its accounts were three yeafs late in
coming in ! In point of fact, this is a fair sample of
M a r c h 19, 1892.]
THE CHRONICLE.
the unprogressive oharacter of Hungarian railroad
management; and the best results which the Hungarian
Government claims to have attained in the development
of traffic are far behind the ordinary practice in the
United States.
“ It appears that, as compared with Hungary, Mas“ sachusetts has, for a population twice as great per
“ square mile, five times as much railroad per square
“ mile. As compared with Austria, Massachusetts,
“ for a population thirty-three per cent greater per
“ square mile, has 3*42 times as much railroad per
“ square mile. In Hungary, before the adoption of the
“ zone system, the number of passengers carried per
“ annum was equal to seven-tenths of the population.
“ In Austria it was equal to twice the population. In
“ Massachusetts the number of passengers carried is
“ about thirty-five times the population.”
This superior usefulness of American railroads, and
of Massachusetts railroads in particular, is one of the
strongest points to be urged in behalf of the existing
arrangements in the United States. It shows that the
price charged is at any rate not such as to discourage
the use of the lines by travelers; and it creates a most de
cided presumption that American travelers are willing
to pay for the kind of facilities they enjoy. To assume,
as is done by some writers, that American traffic is kept
down by high rates, is not warranted by the facts. On the
whole, passenger traffic in this country seems to respond
more quickly to an increase in facilities than to a reduc
tion in charges. To urge the pursuit of the latter aim at
the expense of the former would be a serious mistake.
The very fact that the American laborer earns more
than the Hungarian makes him able to pay higher rates
for the sake of saving time ; and furnishes of itself a
reason why the best policy for Austria or Hungary
would be far from the best policy for New York or
Massachusetts.
THE
QUESTION
OF K A N SA S
RATES.
There have been several unexpected developments
in the situation regarding Kansas rates which lend
new interest to the whole matter. Hitherto there have
been three parties to the controversy, namely the
Kansas railroads, the Kansas Commissioners and the
Kansas jobbers. Last week the Missouri River job
bers also took a hand in the affair, a number of Atchi
son firms going before the District^Court of Atchison
County and securing an injunction restraining the
Kansas roads from putting into effect the rates which
the Kansas Commissioners by their latest order had
directed the roads to adopt on March 16. It is not sur
prising that the Missouri River dealers should have taken
steps to protect their interests, since the object of the
new rates is to deprive them of some of the commercial
advantages which they now enjoy. It was hardly sup
posed, however, that they would invoke the aid of the
•ourts, and the fact that they have done so shows that
matters had reached a pass where it was felt absolutely
necessary to resort to heroic measures.
In our issue of February 6 we reviewed at length the
questions at issue, and showed that in reducing fifthclass freight rates the Kansas Commissioners were ac
tuated, solely and simply and avowedly, by a desire to
further the interests of jobbers in the interior of
Kansas by building up a trade for them with Kansas
retailers at the expense of the jobbers on the Missouri
River, who have thus far had this trade by reason of
their natural advantages. The purpose was to make
463
the fifth-class or car-load-lot rates from the Missouri
River to interior Kansas points so low that Kansas
jobbers could buy at the Missouri River, have the
goods shipped to the interior jobbing centres, then
broken up into small parcels and distributed at
small-lot rates
(fourth class) to the Kansas
retailers at an aggregate cost in freight charges less
than the Missouri River dealer would have to pay in
shipping direct to the Kansas retailer in small lots.
We also showed that the difference between the old
rates and the new rates was very decided, and that
hence the roads could only adopt the Commissioners,'
tariff at the expense of a loss in revenue, and further
more that even under these new rates the field within
which the Kansas jobber could compete must neces
sarily be a, restricted one.
The new phase whieh the difficulty has assumed
makes it desirable to give an account of what has oc
curred since our previous article was written. At that
time the Commissioners had j ust granted a rehearing,
on the petition of the railroads, and the case was short
ly to come up. Meanwhile representatives of- the rail
roads had been in consultation with the Kansas jobbers,
and finally a compromise agreement was reached. The
Kansas Commissioners had ordered a general reduction
in fifth-class rates, to apply to all the articles in that
class. The railroads agreed to take from that class a
few leading articles in which the Kansas jobbers were
especially interested and to grant on these selected arti
cles differentials lower even than the rates made by the
Railroad Commission, the idea being that revenues
would suffer less through such a course than from a
reduction in all articles of the fifth class.
The Commission had fixed the fifth-class rates
to Salina at 25 cents per 100 pounds,
to
Wichita and Hutchinson at 29 cents and to Arkansas
City at 33 cents. The roads agreed on differentials to
Salina of 22 cents, to Hutchinson and Wichita of 25
cents, and to Arkansas City 28 cents, provided, how
ever, that these differentials be confined to canned
goods, coffee and beans, and provided furthermore—
and this is very important— that the differentials were
to apply only on through business coming from
points east of the Mississippi. At the same time
it was also agreed to make a uniform differential of 15
cents on sugar to all the Kansas jobbing points, that
having been one of the matters that came up at the
original hearing but regarding which no definite order
had been made by the Commissioners.
This proposition was submitted to the Kansas Board
and finally approved by them. The Board agreed to
give the roads till March 1 to put the compromise rates
into force, meanwhile suspending its original order
till that time, a written understanding having been
reached to the effect that if then the proposition was
carried, out said order was to become null and void; if
on the other hand it was not carried out, “ then and in
“ that case the original order to remain in force and
“ immediate effect as to all things.” According to the
Commissioners themselves the roads entered in ap
parent good faith upon compliance with the terms of
the agreement, rate sheets being formulated and filed,
and advance notice given to the Inter-State Commerce
Commission. Unforeseen and unexpected difficulties
were encountered, however, which rendered it im
possible for the roads to carry nut the attempted
compromise.
It was found that the lines east of
the Missouri would not accept the differentials
agreed on, and the Western Railway Association
464
THE CHRONICLE.
[Y o l. L IV ,
intervened to prevent their adoption. It became evi evinced a conservative disposition, but m the pres
dent that these differentials would involve the neces ent instance not only is their action arbitrary but
sity of a re-arrangement and re-adjustment of rates over they are seeking to gain a forced advantage for the
a wide expanse of territory, causing an immense amount Kansas centres. The wise course would be to with
o f disturbance, a large loss of revenue, and not unlikely draw both the original and the final order, now that it
in the end, if the preference to Kansas centres was is seen that the attempt to give the Kansas jobber a
insisted on, a general rate war of huge dimensions. preference over the Missouri River jobber will be re
The managers of the roads hesitated. There wa3 con sisted. Such a course being unlikely, the only certain
siderable diversity of opinion as to the course to be prospect ahead for the railroads, whatever the outcome
pursued, but finally, in view of the serious consequences of the trouble, is a loss of revenue on the business
threatened, they reached the conclusion that it was affected— a loss the more to be deplored since no
their duty to recall the action regarding the com benefit can accrue to any one.
promise, and the Kansas Board was so notified. The
THE RICHMOND TERM INAL P LAN .
Commissioners were at the same time informed that
After several months of arduous labor the commit
the roads would adopt the schedule of rates originally
ordered by the Board, they electing to do this rather tee charged with the difficult task of reorganizing the
than run the risk of a general disturbance of the rate properties embraced in the Richmond & West Point
Terminal combination have submitted a plan for that
situation and a possible rate war.
But the Kansas Commissioners do not now desire to purpose. We print the plan in full in a subsequent
have the original order adopted; they want an amended part of this paper, and from it every one will be able
schedule based on the compromise agreement, but of to see just what is to be the position of the particular
much wider application. After charging the compa security or securities in which he may be interested.
nies with having submited to “ foreign dictation” and Under trying circumstances the committee have pre
with having “ falsified pledges, broken faith and repu- pared a scheme which it is believed meets every
<( diated contracts,” the Commissioners—in face of the requirement of the case. With this, their part of the
express declaration by the Board that, failing the car work is done—for the present at least. It remains for
rying out of the modified rates, the original order the security-holders to give their assent to the plan by
would stand— announce that they will not be bound by depositing their securities. With them rests the final
their first order. Instead of that they have issued an decision in the matter.
No one needs to be told that there is urgent need for
entirely new order, directing the enforcement of the
differentials which the roads had proposed on reorganization. Not only have the relations of the
through business and the enforcement of the same different properties to each other been complex, but
rates on local business. We have seen that the there has been, as is well known, a lack of harmony in
only reason for offering the differentials even management and much working at cross-purposes, the
on the through business was a belief that the loss various systems, as the conimittee well say, having
o f revenue in that way would be less than that which actually competed for business among themselves.
was likely to result from the adoption of the Consolidation under a single management, such as the
Commissioners* original order.
We have also seen plan proposes, will avoid thi3 in the future. Then the
that it did not then occur to the managers of the roads different companies have accumulated large floating
that such a step would lead to trouble outside of the debts, which have become increasingly burdensome
State— in the desire to placate the Kansas jobbers this under the discord prevailing and the lack of singleness
was lost sight of. Events subsequently however demon of purpose. As a result the securities of the several
strated that the effects would extend far beyond the properties have been steadily depreciating, and further
confines of Kansas and lead to very serious conse depreciation is in prospect unless some comprehensive
quences, and it was only to avoid such a result that the scheme like that now submitted is carried through to
roads expressed a willingness to adopt the original completion.
Owingto the complications which have arisen re
order of the Commission, agreeing, as already said, to
take the loss that might accrue under that order rather garding the Central of Georgia, that system has been
than incur the greater loss which would follow from excluded from the plan. The Danville system, how
general rate demoralization. But the dreaded situation ever, with all its auxiliaries, the East Tennessee with its
which the roads seek to avoid the Commissioners would auxiliaries (excepting only the Alabama Great Southern
make inevitable, and they propose to aggravate and Railway), and the Terminal Company itself, will all
intensify it by enforcing equally low rates on the local be embraced in the reorganization. The aggregate of
business. Could anything be more arbitrary? It was securities comprehended is $394,572,101, of which
at this juncture that the Missouri River jobbers stepped $267,947,965 are in the hands of the public, and $126,in and secured from the court the restraining order 624,136 are owned or controlled in one way or another
already referred to. As if the situation were not com by the companies themselves. In addition, there are
plicated enough, the Kansas jobbers at Wichita have $2,369,564 of car trusts to be provided for and $6,310,now also taken court proceedings and secured an injunc 000 of floating debts. The object is to replace all
tion in their favor, the hearing-to take place*March 25. these multifarious issues of old securities— of varying
We have set out the above facts because they are merit and amounts—by three large new issues cover
interesting, and because they reveal one of those try ing the entire property of the combined companiós,
ing and embarrassing situations which railway man namely $170,000,000 of first mortgage 4 per cents,
agers are called on so often to deal with. It is per $70,000,000 of 5 per cent non-cumulative preferred
fectly plain that the interests of the Missouri River stock and $110,000,000 of common stock. This plan
jobbers and those of the Kansas jobbers are con is very simple and comprehensive; it avoids intricate
flicting and irreconcilable. The roads can only and misleading features, and also avoids the issue of
please the one by antagonizing the other.
The income bonds which in tye case of railroad reorganiza«
3£ansas Commissioners have on some past occasions ti ^ns too frequently prove delusive.
March 19,1892. J
THE CHRONICLE.
In addition to making provision for consolidation
under a single management, thus avoiding competition
between the different parts of the system, and permit
ting of economies not now possible, the plan seeks to
effect two other main purposes: (1) a reduction of fixed
charges to a figure well within the earning capacity of
the properties, and (2) the relief of the companies
from their present financial embarrassment by extin
guishment of their floating debts. For this latter pur
pose 114,588,640 in cash is to be raised by the issue
of 618,235,800 of new 4s, with a bonus of $6,382,530 in
preferred stock. The right to subscribe to this fund
is given to the holder's of Terminal preferred and com
mon stock and also the holders of the 5 per cent Collat
eral Trust bonds of the Terminal Company. A strong
syndicate of bankers has guaranteed the entire
subscription, so there is no danger of that part of the
scheme falling through. The cash is to be used not
only to extinguish the floating debts but also to retire
the outstanding car trusts, to adjust interest to March
1 on the old securities, and to pay expenses of the
reorganization, etc.
As regards the proposed reduction in fixed charges,
gross earnings of the properties to be consolidated in
the fiscal year ending June 30 are given as $28,338,500
and net earnings as $8,744,736. The fixed charges at
present, including car trust payments, are $9,474,837,
being thus $730,000 in excess of the net earnings.
Under the consolidation the charges would be four per
cent on $160,000,000 of bonds (the other 10 millions of
the bonds can be used only for the acquisition of addi
tional property), making $6,400,000 per year, in addi
tion to which $1,260,000 would be required to pay
rentals, giving a total of $7,660,000. This would be
$1,814,000 less than the existing aggregate of charges
and $1,084,000 below the net earnings of the late year,
thus leaving a margin to that extent.
Of course to effect the full amount of this saving in
charges it will be necessary for all the existing secur
ities—prior liens as well as juniors— to come in under
the plan. To secure that end, the inducement is
offered holders of receiving a greatly increased amount
of new securities in exchange for the old, part in bonds
and part in stock,[common or preferred. The Richmond
& Danville consol 6s are offered 120 per cent in new 4s
and 45 per cent in new preferred stock, making 165
per cent together, and the East Tennessee consol 5s
100 per cent in 4s, 50 per cent in preferred stock and
25 per cent in common stock, or 175 per cent of new
securities. We give these simply for purposes of illus
tration. The entire list is a very extensive one and
the basis of exchange varies greatly, being graded in
each instance to the character and position of the
security. In the case of some of the lowest classes of
stocks, less than 100 per cent of new stock is given in
exchange. The Terminal stock itself is offered 110 per
cent— 100 per cent of new common and 10 per cent of
new preferred. Terminal preferred gets 100 per cent
in new bonds and 20 per cent in preferred stock, the
Qollateral Trust 5s 100 per cent in bonds and 10 per
cent in pref. stock, and the Trust 6s, which are not to
be paid off at present, 120 per cent in bonds and 40 per
cent in preferred stock. The deposit of these various
Terminal issues under the plan would release a large
amount of collateral and make the same immediately
Subject to the new mortgage.
. One noteworthy feature is that no assessment is
levied on any interest. On the contrary, a right is
£lven Terminal holders, as we have seen, to subscribe
465
to a block of new securities on favorable terms, they
getting $1,000 of new bonds and $350 of stock for $800
in cash. But such subscription is not obligatory upon
the holders. They may deposit theif securities and
receive the benefits of the plan without subscribing at
all. It is also worth noting that no attempt to coerce
any interest is made, though the committee take pains
to impress security holders with the fact that a failure
of the plan will “ result in early default, receiverships,
complicated litigation, a disruption of the properties,
and disaster to all the interests involved.” The char
acter and standing of the committee submitting the
plan should have much weight with holders.
Messrs.
H. C. Fahnestock and J. Kennedy Tod have been
added to the original five members, embracing Messrs.
Frederic P. Olcott, Oliver H. Payne, Frederick D.
Tappen, William H. Perkins and Henry Budge.
The
personnel of the committee is the more important since
they are to have the naming of the first board of
directors of the new corporation, to be called the
Southern Railway Company.
N E T E AR N IN G S FOR JAN U AR Y.
As was foreshadowed by the returns we published
from week to week, and our remarks on the same, rail
road net earnings for January make an unfavorable
comparison with last year. Undue stress however
should not be laid on that fact. Circumstances and
conditions in that month, as we have several times
pointed out in these columns, were in great measure
unusual and exceptional. The weather was bad and
interrupted operations in many different parts of the
country; there was one less working day than in the
previous year (on account of the occurrence of an extra
Sjjnday), the cotton movement was smaller, and other
drawbacks existed. For February the conditions were
in many respects more favorable, and the outlook con
sequently is for a better statement for that month.
In gross earnings the January result shows an in
crease, but not very large, namely $1,146,223, or 2*18
per cent. In net earnings there is a loss of $881,126,
or 6T5 per cent. Following is a summary in tabular
form.
Month of January.
(126 roads.)
1892.
1891.
Increase or Decrease.
Amou/nt.
$
«
$
Gross earnings............................... 53,631,893 52,488,1'; 0 Inc. 1,146,223
Operating expenses .................... 40,102,342 38,164,993 Inc. 2,027,319
13.442,051 14.323,177 Dec.
Net earnings............................
881,126
Per Cent
2-18
5-31
6-15
Looking back to see what the result was in other
years, we find that a loss the present year under the
conditions prevailing was by no means remarkable,
since there had been quite considerable gains in both
gross and net in all the years preceding back to 1888.
Below is the record.
rear and
number
of roads.
January.
1887
1888
1889
1890
1891
1892
( 61)
( 61)
( 88)
(114)
(125)
(126)
Net Earnings.
Gross Darnings.
Year
Given.
«
24,163,423
25,630,800
38,029,124
44,966,618
60,066,280
63,634,393
Year
Increase or
Preceding. Decrease.
$
19,950,926
24,926,403
38,437,161
41,466,068
46,208,836
52,488,170
$
+4,212,497
+704,897
+4,591,963
+3,500,450
+3,867,444
.+1,146,223
Year
Given.
Year
Increase or
Preced'g. Decrease.
$
$
$
7,213,497 4,680,990 +2,532,507
6,067,842 7,628,153 —1,560,311
9,499,510 7,133,622 +2,365,888
12,426,759 10,872,383 +1,554,3V6
13,972,540 12,464,066 +1,508,484
13,442,051 14,323,177
-881,126
Notwithstanding the gain last year, however, the
returns then were quite irregular; in fact, the improvement followed almost entirely because of very heavy
increases by two classes of roads—the Pacific group and
the coal roads.
This year, also, the returns are more
4B 8
THE
CHRONICLE.
[V o i.
L IT .
or less irregular, and while the final result shows a loss present year, are mostly Southern roads. Thus the
there are a few special roads which report quite heavy Louisville & Nashville reports a decrease of $137,706,
gains. As a rule the comparisons of a year ago are just the East Tennessee a decrease of $135,685, the Erlanger
reversed, the roads then distinguished for heaviest system a decrease of $98,010, the Georgia $60,836
gains now having losses, and those which then had decrease, the South Carolina $60,705 decrease and the
losses now reporting gains in many instances. Thus Louisville New Orleans & Texas $50,496 decrease.
When the roads are arranged in groups there are
the Burlington & Quincy last year stood at the head
only
two groups that record heavily increased net,
o f the list of roads with large losses, both gross and
namely
the Northwestern and the Southwestern, just
net, its decrease in the gross being $387,579 and in the
as
in
the
previous year there were also only two, name
net $341,018. The present year the same road has no
ly
the
Pacific
roads and the coal group. In the case of
less than $678,969 w-crease in gross and $324,840
the
Northwestern
group, notwithstanding the gain in
increase in net, being in each instance the largest
the
aggregate
there
are four roads whicn have suffered
amount of increase by any road in our statement.
a
decrease—
the
Chicago
Burlington & Northern, the
Next after the Quincy, the Canadian Pacific is dis
Duluth
South
Shore
&
Atlantic, the Milwaukee &
tinguished for a heavy improvement in net, reporting
a gain of $202,426, and this follows, it is proper to Northern and the Wisconsin Central. I » the South
atate, a gain of $124,237 last year. The St. Paul western group, the Atchison, the St. Louis & San Fran
stands third on the list, with $160,606 gain, and here cisco, the Colorado Midland and the International &
too there had been a gain the previous year—in amount Great Northern show losses— the rest gains, the im
o f $65,672.
The Denver & Rio Grande, however, provement on the Denver & Rio Grande and the
which stands fourth, with $129,706 gain, last year had Missouri Pacific, as we have already seen, being heavy.
a very heavy loss. After the Denver & Rio Grande In the Pacific group, the Northern Pacific, the Rio
«ornes the Missouri Pacific with $105,918 improvement Grande Western, the San Francisco & North Pacific, as
in net, then the Baltimore & Ohio with $51,787, the also some of the lines in the Southern Pacific, as well as
Burlington Cedar Rapids & Northern with $31,658, and some of those in the Union Pacific, fall behind. We
the Buffalo Rochester & Pittsburg with $30,028. And referred above to the Union Pacific having both some
these are all the gains there are in net above $30,000, large losses and some large gains on its separate roads.
though the list would be enlarged to some extent if the The losses come from the lines at the Pacific end, the
lines in the Union Pacific system were treated as Oregon Short Line having $141,190 decrease and the
separate roads, since some of these lines have large Oregon Navigation $125,289 decrease.
losses and others large gains, the two nearly balancing
each other, so that the Union Pacific system as a whole
appears neither in the list of large gains or the list of
large losses. The following is a full list of the gains
and losses above $30,000, both in gross and net.
PRINCIPAL CHANGES IN G R O SS EARNINGS IN J A N U A R Y .
Ohio «&Miss............. .
$31,362
In crea ses.
30,703
Chic. Burl. & Quincy...... $678,969 St. Paul <&Duluth.......
Chic. Mil. & St. P ............. 474,721
Total (representing
Canadian Pacific............. 243,881
34 roads)................ $2,718,257
Balt. & Ohio (2 rds.)........ 141,635
D e c r e a s e «.
W abash........ ..................... 133,308
*36,760
Atch. and S. Fr. (4 rds.). 133,034 South. Pac.(6 rds.)___
304,805
Mo. Pac. and Iron Mt....... 131,809 Northern Pacific........
292,734
Phila. & R. and C. & I. Co. 103,404 Pennsylvania — .......
176,726
Union Pac. (9 rds)........... 98,751 East Tenn. Va. <&G a..
76,33
Burl. Ced. R. & No.......... 80,077 Georgia.........................
*70,625
Den. & Rio Grande.......... 74,714 Grand Trunk (3 rds.).
«3,157
Kan. City Ft. S. & M....... 54,612 South Carolina...........
54,719
Northern Central............. 54,349 C. N. O. & T. P. (5 rds).
WesternN.
Y.
&
P
a
...
40,971
Ches. & Ohio..................... 49,077
31,906
Iow a Central.................... 46,615 Mem. <&Charleston....
30,998
Buff. Roch, «fe Pitt«.......... 45,469 Int. <fe Great Nor........
Nash. C. «& St. L ............... 40,165 I
Col. H. V. «& T o i . . . . . . . . . . 38,301 I Total (representing
I
22 roads)............... $1,479,738
Lake Erie <& West............................ 33,281
PRINCIPAL CHANGES IN N E T EARNINGS IN J A N U 1 R Y .
In creases.
Chic. Burl. & Quincy... $324,840
Canadian Pao................
202,426
Chic. Mil. & St. Paul .. .
160,606
Denver <& Rio Grande..
129,706
Mo Pao. and Iron Mt...
105,918
Balt. <&Ohio (2 rds.)___
51,787
Burl. Ced. Rap. <fe N o... .
31,658
Buff. Roch. <&Pitts........
30,028
Total (representing 9
r o a d s ) ...........$ 1,036,969
D e crea ses«
372,667
Pennsylvania.......
Southern Pac. (6 rds.)..
320,519
Northern P a cific..........
272,949
Louis. <fe N ash.....
137,706
fin a .
East Tenn. Va. <fcG a ...
N. Y. L. E. & W.............
Illinois Central.............
Cin. N. 0.<feT, P. (5 rds.)
G eorgia..................
South Carolina.............
Grand Trunk (3 rds.).-Louis. N. O. & Tex.......
Atch. and San Fran.......
Wis. Central..................
Mil. <fc No.......................
Chic. B. & Nor........ .
135,685
123,015
115,257
98,010
60,836
60,705
*60,555
50,496
44,420
40,343
31,001
30,450
Total
(representing
30 roads)................ $1,954,614
* On the basis of $5 to a pound.
Both the Southern Pacific and the Northern Pacific
had very heavy gains in net last year.
This year the
one loses $320,519 and the other $272,949. The heav
iest loss of all, however, comes from the Eastern system
of the Pennsylvania, namely $372,667. On the West
ern lines of the Pennsylvania there was a further loss
-o£ $57,826, though the gross increased $184,938. These
Western lines of the Pennsylvania, for reasons previ
ously given, are never included in our aggregate. The
other roads which have lost heavily in net the
Se c t i o n o r
Gr o u p.
Net Earnings.
Gross Earnings.
1892.
January.
3
13,807,725
Tr.Lines (11)
3,740,715
An. Coal ( 0)
Mid.St’s (18) ' 1,697,050
3,421,383
Mid.W’n(23)
7,027,209
N’rthwn (13)
6,037,310
So’thw’n (ll)
10,362,892
Pac.Co’t (20)
5,804,248
South’m(27)
935,725
Mexican. (2)
63,634,393
Tot. 12Ö r’ds
N O T E .—I n c l u d e d
1891.
8
13,860,245
3,671,412
1,692,264
3,310,880
6,719,286
6,553,459
10,686,692
6,164,671
029,871
1892.
3
8,009,844
827,790
354,602
957,672
2,028,240
1,599,863
2,970,271
1,895,561
298,708
1891.
*
3,494,060
818,861
371,674
1,036,245
1,566,448
1,405,571
3,344,871
1,969,205
316,748
62,488,170 13.442,061 14,323,177
u nd er th e h ead
Inc. or Dec.
P. 0
3
—484,210 1386
+9,429 1-16
—17,072 4-59
—78,573 7-58
+ 401,792 29‘48
+193,792 13-79
—374,600 1119
—578,644 29-11
—18,084 6-60
—881.126
0-15
op—
So. Pac.—Pac. System.
Illinois Central.
Gal. Har. & S. A.
(nd. Decatur & West.
Louis. Western.
Iron.
Morgan’s La. & T.
Lake E. Alliance Sc So.
N. Y. Tex. Sc Mex.
Lake Erie & Western.
Texas & New Orleans.
Pitts. Marion & Chicago.
Union PacificPittsb. Youngs. & Ash.
Ore. Sh. L. & Utah Nor.
Sag. Tusco. & Huron.
Oregon Ry. & Nav, Co.
Toledo Col. & Cin.
Union Pac. Den. Sc Gulf.
Toledo & Ohio Central.
St. Joseph & Grand Isl.
Tol. Peoria & W.
All other lines U.P. sys.
Toledo & South Haven
Central Branch U. P.
Montana Union.
Northwestern.
Anthracite Goal.
Leaven. Top. Sc Southw.
Burl. Cedar Rap. & Nor.
N. Y. Ontario & West.
Man. Alma Sc Burl.
Chic. Burl. & North.
N. Y. Sus. & West.
Chic. Burl. & Quincy.
Phila. & Reading.
Southern Roads.
Chic. Mil. & St. PaulCoal & Iron Co.
Des Moines No. & West. Bir. Sc Atlantic.
Summit Brancn.
Bir. Sheff. Sc Tenn. R iv ..
Dul. S.SÆ& Atl.
Lykens Valley.
Cheraw Sc Darlington.
Iowa Central.
Ches. & Ohio.
Keokuk Sc Western.
Middle States.
Milwaukee & Northern. Cin. N, O. &-Tex Pac.
Allegheny Valley.
Alabama G’t Southern.
Minn. & St. Louis.
Buff. Roch. Sc Pitts.
New Orl. Sc Northeast.
Quincv Omaha & K. C.
Camden & Atlantic.
Alabama & Vicksburg.
St. Paul & Duluth.
Lehigh & Hudson.
Vicksburg Sh. & Pac.
Wisconsin Central.
New York Sc Northern.
East Tenn. Va. & Ga.
Northern Central.
Georgia Railroad.
Southwestern.
Ohio River.
Atch.Top.& Santa Fe Sys. Ga. Southern Sc Fla.
Staten Island.
Gulf Sc Chicago.
Roads jointly owned
Stony Clove & C. Mt.
St. L. & San Fran. sys. J ack. Tampa Sc K. W.
Ulster & Delaware.
Kan. City Mem. & Bir.
Roads jointly own.
West Jersey.
Louisville Sc Nashville.
Colorado Midland.
West Va. Central & P.
Louisville N. O. & Texas.
Western N. Y. & Penn. Denver & Rio Gr.
Louis. St. Louis & Lex.
Int. & Gt. Northern.
Memphis & Charleston.
Kan. C. Ft. S. & Mem.
Middle Western.
Nash. Chat. Sc St. Louis.
Mo. Pac. & Iron Mt.
Chic. & B. Ills.
New Orleans & Southern.
Rio Grande Southern.
Chic. & W est Mich.
Texas Sabine & Northw., Norfolk & Western.
Cin. Jack. & Mack.
Petersburg.
Cin. Ports. & Va.
Rich. & Petersburg.
Pacific Coast.
Cleveland Akron & Col.
Sav. Amer. & Mont.
Canadian Pacific.
Cleveland Sc Marietta.
South Carolina.
Northern Pacific.
Col. H. Val. & Tol.
Wrightsv. Sc Tennille.
Det. Bay City & Alpena. Oregon Improvem’t Co.
Mexican Roads.
Rio Grande Western.
Det. Lans. & Nor.
San. Fran. & North. Pac. Mexican Central.
Ei. Joliet & Eistern.
Mexican National.
Flint Sc Pere Marq.
Trunk Lines.
B. Sc O., Bast o f Ohio.
B. Sc O., West of Ohio.
Clev. Cin. Chic. & St. L.
Peo. & Eastern Div.
Grand Trunk o f Can.
Chic, & Gd. Trunk.
Det. Gd. H. & M.
N. V. Lake Erie & West’n.
Ohio Sc Mlsssissipi.
Pennsylvania.
Wabash.
In the Southern group the decrease reaches $573,644, and so general is the falling off that only 6 out
of the whole 27 roads contributing returns form an
exception to the rule. In the case of the anthracite
coal roads there is a very small increase, in the aggre
g a t e , a n d only very slight changes of any kind.
The
M a r c h 19, 1812.]
THE CHRONICLE.
167
yesterday to 41 7-16d. The market is supported entirely by
the Indian demand. On Wednesday, for instance, the appli
cations for India Council bills and telegraphic transfers were
nearly six times greater than the amount offered for tender.
As the drought continues in India, and there is danger of very
great and widespread distress, it is feared that India’s power
to purchase from Europe will be greatly contracted. The
losses resulting in India from the fall in silver have revived
the agitation for the adoption of the gold standard. At the
r)nnal meeting of the Bengal Chamber of Commerce a week
ago the President declared in favor of that course, and so did
several speakers who followed. But it is clear that India is
too poor to bear the loss of a demonetization of silver. The
adoption of the gold standard pure and simple therefore is
quite impossible, and it is very unlikely that any attempt will
be made to introduce bi-metallism.
IM PORTS AN D EX PO R TS OF GOLD AN D
On Thursday morning it was announced that the Mexican
SILV E R A T S A N FRANCISCO.
and South American Trust had decided to withdraw from the
W e have received this week the returns of imports and ex _ negotiations for taking over the business of Messrs. De Mur
ports of gold and silver through the port of San Francisco foj* rieta & Co., unless the opposition to the conversion were
the month of February, and present them below in conjunction immediately dropped. As there is no probability of the
with the figures for preceding months of the fiscal year 1891 _ opposition ceasing, it seems probable that the conversion
’ 92. The imports of gold during February were $114,317 and will not be carried out. In that case it is feared that Messrs.
of silver $345,242, or an aggregate of $359,559. Of this $156,000 De Murrieta & Co. may have to go into liquidation. As the
came from Australia and the remainder from South and Cen affairs of that great house have been a topic of public discus
tral America. There have been received during the eight sion for fully a year and a half, it does not seem likely that
months a total of $9,257,966 gold and $2,168,063 silver, which even liquidation would have serious consequences; yet the un
oompares with $6,185,835 gold and $2,795,185 silver for 1890-91. certainty respecting the affair is weighing upon all depart
The shipments of gold in February were $82,010, all coin, of ments of business, and at the same time there are doubts
which $75,000 went to Honolulu and $7,010 to China. The whether the Mexican & South American Trust and the
exports of silver were $301,263 Mexican dollars and $46,000 Trustees’ & Executors’ Corporation may not have incurred
bullion, all to China. For the eight months the exports of obligations respecting Messrs. De Murrieta & Co. which may
gold have been $706,422, against $1,143,899 in 1890-91, and be unpleasant for them. The general impression amongst those
$6,072,081 silver has been sent out, against $3,790,676 in 1890- best able to form an opinion is that the fears entertained are
’ 91. The exhibit for February and the eight months is as unfounded; but the fears exist nevertheless.
The agitation for a general stoppage of coal mining for a
follows:
IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.
couple of weeks is still going on, and has caused a sharp rise
in the price of coal and is exciting much apprehension that
SILVER.
GOLD.
MONTHS.
every branch o f trade may be injuriously affected. The dis
Total.
Bullion.
Ooin.
Coin. Bullion Total.
tress in India, too, is increasing the difficulties of Lancashire,
&
$
$
$
$
1891-2.
$
41,180 227,510 268,690 and there is no prospect of an early recovery in Australasia;
67,733 38,468 106,201
J u l y .........
146,572 183,912 330,484 on the contrary, the banking crisis has so disorganized busi
755,198 35,740 790,938
August—
16,471 181,048 197,519
September 1,018,285 119,426 1,137,711
149,402 304,628 454,030 ness that large numbers of men have been thrown out of em
O ctober... 2,139,136 156,433 2,295,569
23,515 1 234,815 258,350 ployment and deputations have recently waited on the Minis
November. 2,434,892 147,H68 2,582,760
18,587 161,083 179,670
December. 1,857,430 276,483 2,133,913
19,925 214,173 234,098 ters of several of the colonies asking for the starting of public
96,557
76,456
20,101
January...
27,763 217,479 245,242
91,812 22,505 114,317
February..
works. The credit of the several governments has been rudely
443,415 1,724,648 2,168,063 shaken, and they find it impossible to place loans as formerly
Tot. 8 moe. 6;44b,942 817,024 9,257,966
in the London market; consequently several of the g overn
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
ments are attempting to borrow on Exchequer bonds running
SILVER.
GOLD.
for a year or two, and in some cases the attempt has succeed
MONTHS.
Total.
Bullion.
Coin.
BuWn Total.
ed. But there is a very strong opposition here to the plan; first,
Coin.
ly, because it is merely postponing the difficulties of the sev
$
$
$
$
1891-2.
$
$
580,982 eral governments, and secondly because public opinion can
580,982
900 150,163
July.......... 149,263
859,387
40,069
91,942
819,318
825
91,117
August---969,534 not exercise the same restraining influence upon borrowing in
925,234
44,300
97,322
97,322
September
583,872
583,872
97,035
6ÖÖ
96,435
O ctober...
34,089 1,349,410 110,000 1,459,410 that form as upon the old system of borrowing.
32,629 1,460
November.
832,516
68,554
832,516
740
67,814
December.
Owing to all these unfavorable influences, the stock markets
439,117
246,117 193,000
85,307
85,307
January. .
347,263 have been depressed during the week, and speculation is even
46,000
301,263
82,010
82,010
February.
more stagnant than before. British railway stocks have given
701,897 4,525 706,422 5,638,712) 433,369 6.072,081
Tot. 8 mos
way, colonial stocks declined, and the miscellaneous depart
g t iig lis T x U te iw s ment is quiet. Inter-bourse securities all have fallen sharply.
The dismissal of M. Delyarmis’ Cabinet by the King of Greece
on the refusal of M. Delyarmis to resign has introduced a new
[Prom our own correspondent. J
element of apprehension. . People fear that the late Greek
L o n d o n , Saturday, March 5, 1892.
During the week there has been a sharp and unexpected Prime Minister may be counting upon the support of Russia
fall in the value of money. In about a fortnight the payments and France, and that an attempt at revolution may be made.
out of the Treasury will exceed the receipts, and it is expected Meantime the famine in Russia is growing worse, and the
that then the market will become exceedingly easy, and will crisis in both Spain and Italy are becoming acuter. Appar
continue so for a considerable time to come; therefore bill ently the great operators in Paris are losing courage, and dur
brokers and discount houses have been borrowing largely from ing the week, with the single exception of French Rentes,
the Bank of England for the past fortnight; during the week every security dealt in on the Paris Bourse has given way.
ended Wednesday night the loans somewhat exceeded a mil Under these circumstances there is a very natural disinclina
lion sterling. They think it a profitable thing to borrow for tion here to engage in new risks. Even in the American mar
this short time at higher rates than they can themselves ob ket business is as dull as possible. Prices move up and down
tain, and the supply in the market has thus been so much in in accordance with the changes in New York, but nobody has
creased that the rate of discount in the open market has fallen confidence enough to take independent action. Whenever the
4;o \% per cent. On Thursday, furthermore, the bill brokers Murrieta business is settled, one way or the other, it is possible
and discount houses lowered the rates they allow on deposits that there may be a recovery of confidence here; but as long
to 1% per cent for money at call and
per cent for money as the settlement remains in doubt there seems no hope of im
provement.
at notice.
Trade continues to fall off. The railway traffic returns
The price of silver early in the week advanced to 41%d. per
ounce but fell back on Thursday to 413^d. per ounce and issued this week show a decline both in passenger and mer-
Central of New Jersey has not reported this time. On
the trunk lines there is a loss of $484:,216, or 13’86 per
cent. Only the Baltimore & Ohio, the Peoria & East
ern, the Ohio & Mississippi and the Wabash have gains.
The group of Middle States roads and that of the
Middle Western both record diminished net. The
Buffalo Rochester & Pittsburg is rather prominent in
the former because of a good increase, and the Colum
bus Hocking Valley & Toledo in the latter for the same
reason. The Illinois Central has $115,257 decrease.
Out of the whole 126 roads in all the groups, 68 fall
behind in net and 66 in gross.
î
THE CHRONICLE.
468
chandise traffic compared with the corresponding week of
last year. Since Christmas there has been a falling off, but it
has become much more accentuated during the past fortnight.
A t the same time prices are falling in every direction. Silver,
cotton and wool were already as low as they ever had been,
and now silk is equally depressed. Importers are selling even
at a sacrifice to reduce their stocks, and yet consumers are
holding off in spite of the steady decline. The supply has not
increased; the reports from China are that the crop is not
larger than the preceding one, and a very large part o f the
Japanese crop has been taken for the United States.
The rates for money have been as follow s:
London
Bank Bills.
«
«
Jan. 2© 3~
Feb. 5 3
- » 12 3
“ 10 3
" 26 3
M ch . 4 3
Interest allowed
for deposits by
Open Market Rates.
«
Trade Bills.
Disc't H st
Joint
Six
Ihree Four
Six
Stock At 7 to 14
Three Four
Months Months Months Months Months Months Banks. Call. Days.
m ® - tyi® 2 0 — V6® 2Ht@ - 2M® 2X® - 9\m 214@2$8 214® 2 0 — 2%® -
2%@3 2H@3H
2%@8 2&@3H
2^@3 2&@SM
3 ® — 3 @3M
3 @3M 3 @354
2^@3 2)4@8
2\i® — 2*^@3
2%® - 2Jé@3
2\i® - 2}4®3
2%® — 2&@3
V® - 2M@3
Vi® - 2*é@3
1«
« 4 Vi- V i
V i V i-Vi
1/4 V i-V i
Vi 154-194
1*4
2 254-254
vi
1 « V i 154-154
Vi
Vi
The Bank rate o f discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
Rates of
Interest at
Paris...............
Berlin..............
Hamburg.......
Frankfort......
Amsterdam....
Brussels. ......
Vienna............
St. Petersburg
Madrid............
Copenhagen....
March 4.
Feb. 26.
Feb. 10.
Feb. 12.
Bank Open Bank Open Bank Open Bank Open
Rate. Market Rate. Market Rate. Market Rat*. Market
3
3
3
3
m
254
254
254
3
3
3
Vi
3
154
154
154
3
3
3
3
15i
154
154
154
3
3
3
2
2
3
154
154
3
3
3
3
254
254
254
254
3
3
3
3
254
254
254
254
4
4
4
4
354
354
354
354
5
5
55i
5
654
554
454
554
5
5
6
5
6
5
5
5
[VOL. LTV,
Supplies available for consumption (exclusive of stocks on
September 1):
1891-92.
1890-91.
1889-90.
1888-89.
Importsofwheat.cwt.38,024,772 28,623,808 27,332,021 31,518,242
Imports of flour......... 9,474,535
7,657,391
7,793,482
8,582,698
Bales of home-grown.16,954,268 21,048,157 27,206,250 18,920,275
Total...................... 64,453,575 57,329,356 63,120,969 58,231,999
1891-92.
1890-91.
1889-90.
1888-89.
Aver, price wheat week.32s. 8d.
32s. 4d.
29s. lOd.
31s. 8<L
Average ¿rice, season..36s. Od.
32s. 3d.
29s. 7d,.
30s. Od.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
Wheat.................. qrs. 2,563,000
Flour, equal to qrs.
442,000
Maize................... qrs.
402,000
Last week.
2,515,500
425,000
369,000
1890.
2.198,500
293.00Q
623,000
1891.
1,681.000
396.000
230.000
E n g lish F in a n c ia l M a rk e ts—P er C able.
The daily closing quotations for securities, «fee., at London
are reported by cable as follows for the week ending March 18:
London.
Sat.
Silver, per oz................ d
Consols,new, 2% per cts.
do for account........
Fr’ch rentes (inParis)fr.
U. 8. 4s of 1907.............
Canadian Pacific............
Chic. Mil. & St. P a u l....
Illinois Central...............
Lake Shore.....................
Louisville & Nashville..
Mexican Central 4s.......
N. Y. Central & Hudson.
N. Y. Lake Erie &West’n
do
2d cons...........
N orfolk* Western, pref.
Northern Pacific p fef...
Pennsylvania..................
Philadelphia & Reading.
Union Pacific..................
Wabash pref..................
Mon.
Tues.
Thurs.
Wed.
Fri.
41*8
41*4
41*4
41*4
41*4
4114
951516 95*516 95*316 957s
95*316 95**18
95* 3le
951616 95*5ie 9578
95*öi« 9578
96-80 95-60 96-75 96*22*a 9b‘ i 5 96-20
121
121
121
121
121
121
913s
913g
90%
913s
9l*s
91*4
7933
79
79 "
79%
797s
79*8
108*2 108*2 108*2 108*2 108*2 108%
138*2 137*2 137*2 137*4 137*2 137*2
77
77
76%
767s
7678
77*4
72%
72 %
72%
72%
72%
72%
120
119*4 119*2 119*4 119% 119*2
34*4
34*8
3378
337s
3378
33»8
110*4 110*4 110*4 110*4 110*4 110*8
513s
51
5158
51%
51*2
51 =8
68%
68*4
68*4
68*4
68*4
68 7s
56*8
56*4
56*8
56*4-'
56*4
56*8
2938
30*8
30*4
29*2
29*2
295s
477g
48
48
47%
48*8
47*%
3038'
3038
3038
30*4
30*8
30*4
©crraroeucial and ï^iscellaixeuits lueurs
I m po rts a n d E x p o r t s f o r t h e W e e s . — The following are
the imports at New York for the week ending (for dry goods)
March 10 and for the week ending (for general merchandise)
4
4
4
4
4
4
4
4
March 11; also totals since the beginning of the first week in
The following return shows the position of the Bank oi
January.
England, the Bank rate o f discount, the price o f consols, &c,,
F O R E IG N IM P O R T S A T N E W T O R E .
compared with the last three years :
Circulation................................
Public deposits.. .......................
Other deposits..........................
Government securities.. .... . . . .
Other securities.........................
R eserve.....................................
Coin and bullion........................
Prop, assets to liabilities.per ct.
Bank rate........................ per ct.
Consols 2% per cent...................
Clearing-House returns..........
1802.
1801.
March 2.
March 4.
£
25,013,320
10,200,502
28,283,158
10,785,121
20,777,203
16,415,600
24,078,020
42 7-16
3
05 7-16 x d
151,074,000
1800.
March 5.
1889.
March 6
£
£
£ .
24,213,040 23,666,825 23,391.065
12,253,146 10.340,528 10,467,154
20,313,005 22,010,106 23,950,885
11,343,231 14,241,049 14,499,861
33,308,044 21,176,757 23,639,120
15,370,834 16,367,307 14,817,006
23,133,874 23,584,132 22,008,071
48 15-16
3654
4254
3
3
Vi*
06
97 3-16 97 13-16 x d
168,230,000 186,197,000 189,195,000
•March 6.
For Week.
1889.
Dry Goods.......
Gen’l mer’dise.
1890.
$2,860,187
7,065,249
[
$2,982,069]
8,361,833]
3 891.
1892.
$2,821,274
7,564,749
$2,615,386
8,724,71$
Total..........
$9,925,436 $11,343,902 $10,386,023 $11,370,104
Since Jan. 1.
Dry Goods....... $33,270,437 $37,467,048 $31,372,731 $30,057,390
66,278,459
64,961,980! 73,382,036
Gen’l mer’dise.
77,487,091
Total 10 weeks. $99,548,896 $102,429,028 $104,754,767 $107,544,481
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive o f
specie) from thè port o f New York to foreign ports for the
veek ending March 15 and from January 1 to date :
EXPO RTS FROM N E W Y O R K
Messrs. Pixley <feAbell write as follows under date of March 3.
FOR THE W E E K .
1889.
1890.
1891,
1892.
Gold—The rates of last week are still offered, and all arrivals have
found an easy market for the Continent. The movements at the Bank For the w eek..
$7,617,466
$5,496,705
$7,033,936
$9,347,553
are unimportant, and amount to only £48,000 received. Arrivals: Prev. reported.
60,864,697
63,093,489
59,953,994 74,814,293
Australia, £13,000; China, £60,000; India, £25,000; Natal, £108,000;
Total 10 weeks. $66,361,402 $70,710,955 $66,987,980 $84,161,846
New York, £4,000; Colon, £11,000; total, £221,000.
Silver—Silver bars slightly dcelined on Friday last, but at the reduc
The following table shows the exports and imports of specie
tion there were more buyers than sellers, and a steadier tone became at the port of New York for the week ending March 12 and
manifest. An improvement to 41*sd. on the 1st inst., followed by a since Jan. 1, 1892, and for the corresponding periods in 1891
rise to 41£>8d. yesterday, has not been maintained, and the market and 1890:
closes quiet at 41 *<jd. Arrivals: Australia, £13,000; New York, £ 3 1 E X P O R T S A N D IM P O R T S O F S P E C IE A T N E W Y O R K .
000.
Mexican Dollars—These coin have slightly varied in accord with sil
ver, and are now quoted 403sd.
The quotations for bullion are reported as follow s:
G O LD .
London Standard. March 3. Feb. 25.
8.
Bar gold, fine.... oz.
Bar gold, contain’g
20 dwts. silver..oz.
Span, doubloons.oz.
8. Am.doubloons.oz.
d.
s.
d.
77 11
77 11
77 1154
78
S IL V E R .
London Standard. March 3. Feb. 25.
; d.
Bar silver...........oz. 415i
Bar silver, contain
ing 5 grs. gold..oz.
Cake silver.........oz. 4454
Mexican dols......oz. 4054
d.
41 9-16
41 15-16
44%
40 7-16-
Gold.
IM P O R T S.
Since Jan. 1.
Great B rita in ......
France....................
Germany............. .
West In d ie s ........
Mexico....................
South America.. . . .
All other countries
$511,798 $2,333,051
Total 1892.......
Total 1891.......
Total 1 8 9 0 .....
$855,348 $9,972,961
234,217
5,549,280
'224,800
1,738,750
Exports,
Silver.
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-six weeks o f the
Great Britain.........
season compared with previous seasons:
France.....................
^
1891-92.
1890-91.
1889-90.
1888-89.
W h e a t............... cwt. 38,024,772 28,623,808 27,332,021 31,518,242
Barley......................... 12,347,577 11,240,763
9,477,187 11,230,304
7,540,625
6,720,193
Oats.........................
6,822,011
8,618,291
P e a s . . . . . ................... 1,733,694
987,824
970,517
1,106,268
B ea n s........................ 1,924,119
1,715,537
1,839,788
1,532,559
Indian corn............... 12,414,515 13,691,216 15,716,944 13,151,547
F lo u r ................... .
9,474,535
7,657,391
8,582.698
7,793,482
Exports.
IVeek.
343,550
Week.
3,780,000
3,592,910
4,000
263,000
Since Jan. 1.
Germany................ .
West In d ies..«...../
M exico............ .
South America .....
All other countries
$129,514 $4,091,302
8,400
218,620
500
500
2,240
199,419
4.29
429
700
334,700
9,745
Total 1892.......
Total 1 8 9 1 .....
Total 1890.......
$141.783 $4,854,715
389,275
3,948,282
162,660
5,225,110
Imports.
Week.
$500
335,820
20,607
Since Jan. 1
$28,725
2,954,322
96,500
55,906
9,244
158,672
16,940
$356,927 $3,320,309
107,300
1,203,709
2,657,963
207,610
Imports.
Week.
Since Jan.l.
$92,800
$1,500
6,900
¿0,567
21,317
113,853
1,646
$8,400
1,610
25,302
$290,183
436,386
333,223
"THF. CHRONICLE
M arch 19,1892.]
469
Standard Oil Company o f New York.—a call for a special
New York City Bank Statement for the week ending March
meeting of the stockholders of the Standard Oil Company of
12 1892, is as follows. W e omit two ciphers (00) in all cases.
New York has been issued by William Rockefeller, John D.
Bane s .
Archbold and W . H. Tilford as directors. The meeting is to
Capital. Surplus. Leant. Sp«ei*. Legali. Depotiti.
(00* omitted.)
be held March 31, and is for the purpose of considering the
9
9
9
$
9
9
Bank of New Y o rk ... 2,000,0 1,933,0 14.310.0 2.650.0 1.460.0 14.620.0 question of increasing the capital stock to 7,000 shares of a
933,0 13.192.0 par value of $100 each.
Manhattan C o ......... 2,050,0 1,580.3 10.678.0 4.238.0
The present capitalization is $5,000,8,587,5
8,166,0
976,2
939,4 1.256.1
2,000,0
682,0
9,066.0 000. It was stated by S. C. T. Dodd, solicitor for the Stand
Mechanics’.................. 2,000,0 1.948.6 10,153,0 1,590,0
18,140,7 1.833,4 1,599,2 17,632.7 ard, that the proposition is the result of the contemplated
3.000. 2.197.7
0
5.668.0
Phenix................. .
848,0 6,554,0
401,7
1.000. 0
557.0
City............................. 1,000,0 2,536,9 17,390,5 3.940.5 1,857,0 20,110,3 abandonment of the Standard Oil Trust, which will probably
334,0 3.021.6 be decreed by the holders of certificates of the Trust at the
184,1
2.607.1
750,0
589|4
300.0 6,723,7 24.540.0 6.181.6 2,728,8 26,935,0 meeting to be held next Monday.
759,7 6,019,3
139,3 4.207.3
600.0
635.8
Merchants’ Exchange
811,0 5.877.6
Gallatin National....... 1,000,0 1,561,5 5.903.4 1.257,7
United States Sub-Treasury.—The following table shows
141,6
1.856.7
302.2
1.773.5
300.0
Butchers’ & Drovers’.
367,5
270.0 2.450.0 the receipts and payments at the Sub-Treasury in this city, as
420,9 2.555.0
400.0
220.0
Mechanics’ & Traders
1.137.0 well as the balances in the same, for each day o f the week.
1.164.0
126.1
185,1
160.3
200.0
3.175.9
281,8 3.112.0
600,0
300.0
1,200,0
5,000,0
5,000,0
1,000,0
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
600.0
100,0
200,0
200,0
600,0
300.0
200.0
150.0
300.0
200.0
500,0
200,0
2,100.0
300,0
1,000,0
Leatnei Manufact’rs.
Seventh National.......
State of New Y ork....
American ExchangeCommerce... . . . . . . . . —
Broadway.................
M ercantile.................
P a cific.......................
Republic.....................
Peoples’ ......................
North America..........
Citizens’ . . . . . ..............
Nassau.......................
Market & F u lton .....
Corn Exchange..........
Continental.............
Oriental.................. .
Importers’ & Traders’
Park............. ............ .
Blast R i v e r ............
Fourth National____
Central National.......
Second National........
Ninth National..........
First National...... .
Third N ational........
N. Y. Nat’l Exchange
New York County....
German-American....
Chase National____
Fifth Avenue.............
German Exchange....
Lincoln.......................
Fifth National.........
Bank of the Metrop...
West Side....... . . .........
Seaboard....................
Sixth National..........
Western National___
wirst Nation al, B ’ klyn
Southern National...
648,9
68,3
483,5
2,213.3
3,437.2
1,643,5
1,035,0
438.4
950,1
833.5
818,3
684,7
1.722,9
315,3
440,1
250,5
781.0
120,7
246,5
1.210,9
277,6
416.9
5,416,8
2,913,7
133.8
1,747,6
520,2
434,5
180.9
7,066.6
57.5
163,8
500,3
570,6
293.4
1,033,5
849.4
543,1
493,8
554,8
400.C
406.2
314.8
649.3
253.3
189,2
344.8
170,6
785.9
122,8
1,548.7
3,561,2
19.085.0
20,363,7
6.663.9
9.968.9
2,794,3
14,055,7
6,598,1
2,260.7
6,731,1
19.095.2
3.102,0
3.115,1
3.045,8
4,298,5
2.023,8
3,192,0
8,878,3
5.764,7
2,218,0
27.789.0
28.401.0
1.126,6
23,307.3
8.956.0
5.283.0
2.845,5
29,667,4
4.757.0
1.692.0
2Í759.0
2,930,0
2,899,4
14.843,4
5.320,7
2,916,1
2,778.8
6.561.5
5.308.8
3,617,2
1,812,6
4.737.0
2.285.0
4.700.0
1.581.0
11,369,0
4.190.0
1,914.6
867.2
330,5
179.3
3.742.0
1,964,5
1.024.1
1.951.2
327,4
2,081,2
1,160,2
240,3
860,7
4,906,6
454,9
691,7
208,9
750,3
184.6
366,0
2.019,4
1,560,0
137,2
5.955.0
8.142.0
212,8
5,910,9
2.718.0
1.364.0
686,4
6.010,1
861,8
152,3'
735,0
820,0
441,3
3.835.0
1,234,1
167,5
455,8
2,148,3
1 641,7
1,095,5
383.0
1,183,9
426.0
663.0
199.0
900.5
946.0
303,3
67,4
425,0
1,602,0
2,557,6
251,6
1,151,9
476,4
2,302,0
825,6
305,9
551,7
905,1
325,8
161,9
4G9.9
358.4
309.4
839,0
292.0
161.0
325,8
4.114,0
1 988,0
102,0
1,214,4
753.0
217.0
287,8
1,472,3
623,4
297,9
200,0
278.4
143.4
7 562,9
262,9
702,5
345,0
299,1
193. S
298,£
270.0
312,7
280.0
729,0
288,0
2.194,6
298.0
302.1
1.622.0
Balances.
2.833.7
Payments.
Receipts.
Date.
17,586,0
Coin.
Coin Cert's. Currency.
16,702,5
4.794.8
$
$
$
$
$
11,186,8
3,072,290
2,779,955 109,036.841 16,154,410 20,096,595
3,153,5 Mar. 12
15,999,964
109,060,807
3,424,050
20.152,900
3,498,215
»
14
16,263.5
3,560,840 109,182,892 16,494,539 20,084,195
7,236,0
“ 15 4,098,796
2,967.6
“ 16 3,538,854 3,276,998 109,275,043 16.245,724 20,492,751
« 17 3,375,323
6,292,4
3,680,583 109,361,749 15,991.236 20,355,273
21,361,8
2,625.339
3,353,176 109,369,616 15,362,031 20,248,774
“ 18
3,103.0
3,278.7
20,134,652
20,149,767
3,218,2 Total 4,394,8
Auction Sales—Among other securities the following, not
2,170.4
4,107.0 regularly dealt jn at the Board, were recently sold at auction.
8.948.1
By Messrs. R. V. Harnett Sc Co.:
6.796.1
Shares.
2,060.0
Shares.
31.791.0
47 Nat. Butchers’ & Drov’rs’
10 Southern Nat. Bank— $100
34.341.0
Bank...............................185
6 Empire & Bay State Tel.
1,003,7
100 Nat. Broadway B ank....286
Co. 4 p. o , guar............ 64
25.634.0
20 Hanover Nat. Bank....... 351
10 Importers’ & Traders’
11.064.0
Bonds.
Nat.
Bank.....................
600
6.256.0
$142
Mutual Fire Ins. Co.
40 Otto Pungs Silk Throw
3.599.1
Scrip., 1887,1888,1890 70,60,5
ing Co. of College Point 20
29.673,0
$7,000 Federal Val. Coal Co.
5,047,9
12 Chatham Nat. Bank......426
1st 6s, 1908.......................... 30
1,608,7
8,178,0
3,540,0
By Messrs. Adrian H. Muller & Son :
2,647.9
Shares.
Shares.
18,356,3
24 Liberty Ins. Co............... 845g
5,848,0 500 Sutro Tunnel Co. (unas15 Imp. & Traders’ Nat. Bk.605
3,484,8
sessable) $10 each ..,..$ 2 0
16 Broadway Ins. Co......... 129
3,258,6 200 Robinson Consol Mining
8,098,2
55 Blackwell’ s Durham To
Co. of Col., $50..ea46c. p. sh.
6,322,8
bacco Co........................ 66
40
Flatbush
Gas
Co.............
98
4,602,6 546 Brooklyn City RR. Co.lVôSs-’s
20 Manhattan Life Ins. Co.475
2.046.0
100
Atlantic
Avenue RR. Co. 108
55
N.
Y.
Bowery
Fire
Ins,
5,568,4
10 Title Guar. & Trust Co... 165
Co.................................... 80*2
2.629.0
Bonds.
20 U. S. Life Ins. Co., guar.. 125
5.470.0
$25,000 42d St. Manhattan.
1.472.0 100 Germania Fire Ins. Co.. 1165
& St. Nich. Ave. RR. 1st 6s,
12,187,3
5 Julien Klee. Traction Co.
4.393.0
1910, M&3............................ 110*4
Atlantic Trust Co. Certf.
1,701.8
$20.000 Iowa Loan & Trust
$25 each......................... $5
Ttcai..... ................ 60,372,7 <66,654,2 492.934,0 1004558 48,734,8 531,976,6
New York City, Boston and Philadelphia Banks :
B anks.
N. Y o rk .*
Feb. 13 ...
2 0 ....
“ 2 7 ....
M »-. 5 ....
4t 1 2 ....
Dost OP .
Feb. 2 7 ....
Mar. 5 ....
1 2 ....
P h il a.*
Feb. 27 ....
Mar. 5 ....
12....
Capital <x
Surplus. Loans.
$
125,380,6
125,380,6
125,380,6
135,380,6
126,926,9
Í
466,291,3
476,571,0
480,880,0
488,675.3
492,934,0
Specie.
$
1129355
1131521
1078143
1044798
1004558
Legáis. Deposits.i OirrV'n Olearme-.
$
51,111,3
50,520,9
52,140.1
50,207/
48,734,8
9
521,571,9
531,261,8
531,938,8
533,578,7
531,976,6
9
5,548,5
5,457,7
5,465,6
5,598,0
5,571,1
S
878.810.2
837,372,0
031,021.2
770,624.2
770,622,0
64,642.9 159,235,8 10,417.5 6,008,6 141.439,9 4,212,0 74,870.3
64,642,9 161,121,6 10,532,5 5,900,1 144,420.2 4,221,3 94.517,0
64,642,9 161,180,3 10,318,1 5,599,6 144,832,8 4,258,1 87,535,2
35,793,7
35,793,7
.35,793,7
200 Columbia & Beaver Silv.
Mining Co....................... $11
3 West Hampton Country
Club...............................*80
129 Man. Iron Works Co......$10
6 Ala. Mid. RR. Co. 1st pfd. 6
1 McDougal-Martin Elec.
C o .... .............................$14
200 Kings & Pemb. Iron Min
ing Co., $25 each......... $50
113 Raleigh Coal & Coke Co.. $1
121 Mont. Tus. & Memphis
RR. 1st pref................. $60
25 N. Y. Secur. & TrustCo. 190%
15 Sixth Avenue RR. Co__ 210
31 Home Ins. Co................. 143
98,204,0
98,816,0
90,593,0
37,166,0
108,518,0 3,352,0 89.102,4
36,982,0
108,654,u 3,379,0 78.344,4
36,179,0
108,557,0 3,368,0 66.650,3
* We omit two ciphers in all these figures. + Including, ior Boston and Phil»*
Jelphia. t^e item ** due to other banks.”
___________________________
Co. 5s, deb., 1901, series 2,
90-91
A&O.......................
$20,000 Atl. & Char. Air L.
RR. 1st 7s, 1907, J&J........ 119*4
$10,000 North Car. Special
Tax Bonds, trust certf.......400
$750 Mo. Kan. & Tex. Ry. 1st
M. 4s, bond scrip................ 843s
$500 Mo. Kan. & Tex. Ry. 2d
M. 4s, bond scrip........... .
52*8
$1,000 New York 5s, con.reg.
stock, 1926,red. after 1908,
M&N...........................11838 &int.
$5,000 Grand River Coal &
Coke Co. 1st 6s, 1919, A&O. 70*4
jBmxIitug ami ^financial.
Spencer Trask
6c Co.,
—The Virginia Debt Bondholders’ Committee give notice
BANKERS.
that deposits o f securities wiH be received for a limited period
Nos. 16 and 18 B roa d Street, New York. City.
without penalty. The Commission of Distribution will take
2 0 C o n g r e s s S tre e t, B o s t o n .
action after the books of the Committee, are closed in accord
ALBANY N. Y.
PROYIDENCE, R. I.
ance with the “ plan and proposition” of Nov. 28,1890. See
Direct Private Wire to Each Office.
advertisement.
All classes of Securities Bought and Sold on Commission. Special attention
____________________
—The Comptroller of the city of Brooklyn will receive pro given to INVESTMENT SECURITIES.
posals until Wednesday noon the 28d inst. for $540,000 New
LIBERTY N A TIO N A L BANK,
York & Brooklyn Bridge bonds. See advertisement in our
State and City Department.
Central Building, 143 Liberty Street. New York.
C APITAL,
Called Bonds.—The following bonds have been called for
paym ent:
C o rn in g C o w a n e s q u e & A n t r im R y . C o .—173 bonds for
$1,000 each and 14 bonds for $500 each have been drawn for
payment, and will be paid off at par and accrued interest at
325-331 Chestnut Street, Philadelphia, on the 1st of May, 1892.'
The numbers of bonds drawn will be furnished by the RR. Co.
American Sugar Refineries Co.—Application has been made
to the Stock Exchange by the American Sugar Ref. Co. to
have $25,000,000 in new stock entered for trading in the Un
listed Department of the Exchange. One-half of the amount
is preferred stock and the rest is common. No definite in
formation could be obtained at the office of the company,
but it is generally assumed that the new stock is issued for
the purpose of absorbing two of the largest independent
sugar refineries in the country—those of Harrison, Frazier Sc
Co. and that operated by E. C. Knight Sc Co., both in Phila
delphia.
Edison E lectric Illum inating Co. o f New York.—In the
January I n v e s to r s ’ S u p p le m e n t a proposed issue of deben
ture bonds was erroneously attributed to this company, as
also the payment of 3 per cent Oct., 1891. The company pays
134 por cent quarterly on its stock.
__ _
.
$ 5 0 0 ,0 0 0
ACCOUNTS OF BANKS, BANKERS AND MERCHANTS SOLICITED.
HENRY C. TINKER President.
HENRY GRAVES, Vice-President.
JAMES CHRISTIE, Cashier.
DIRECTORS.
HENRY C. TINKER,
HENRY GRAVES,
GEO. F. BAKER,
J. R. MAXWELL,
H. C. FAHNESTOCK.
HON. G. A. HOBART»
J. A. GARLAND'
E. F. C. YOUNG,
WM. RUNKLE,
DUMONT CLARKE,
JNO. H. STARIN.
TH E M ERC AN TILE N A TIO N A L BANK
OF THE CITY OF NEW Y O R K ,
No. 191 Broadway.
C a p ita l*
$ 1 ,0 0 0 ,0 0 0 I S u r p l u s * P r o f i t s , $ 1 ,0 3 0 ,0 0 0
WILLIAM P. ST. JOHN, President. 1FREDERICK B. SCHENCK, Cashier.
JAMES V. LOTT, Assistant Cashier.
ACCOUNTS SOLICITED.
TH IR D N A T IO N A L
OF T H E
C a pita l,
■
BANK
C IT Y OF N E W Y O R K .
•
-
-
-
$ 1 ,0 0 0 ,0 0 0
J. B. WOODWARD............ ......... .....President.
HENRY CHAPIN, la ............Cashier ! J. FREO’A 8 WEASY..., Asst. Cashier
Accounts solicited and careful attention to the interests of Depositors
guaranteed.
THE
470
CHRONICLE.
3P&e ÿ a t i f e m ' ( S a t t l e .
D IV ID E N D S .
Name o f Company.
R a ilr o a d s .
N. Y. Cent. & Hudson Riv. (quar.)
Oregon Ry. & Navigation (quar.)
Pitts. Yoüng. & Ashtabula pref..
no
do
do
com.'.
M is c e lla n e o u s .
Equitable Gas Light (quar.).......
Franklin Tr. Co.,B’klyn (quar.).
P. Lorillard Co. pref. <quar.i---- Procter & Gamble pre£. 'quar.)..
When
Per
Cent. Payable.
Books Closed.
(Days inclusive.)
1% April 15 Mar. 20 to Apr. 20
Ik! April 1 Mar. 18 to Mar. 31
3*2) Mar. 25 Mar. 16 to Mar. 24
3 S
April 15 Apr. 2 to Apr. 15
2
April 1 Mar. 26 to Mar. 31
2
April 1 Mar. 18 to Apr. 1
2
April 15 ----------to ------------2
W A L L STREET, FR ID AY, MARCH 18, 1 8 9 2 -5 P. M.
The Money Market and Financial Sitnalion.—The mar
kets this week have partaken somewhat of the character of
the weather and have been dull and unpromising. The ex
ports of gold have apparently ceased, but this is overlooked
in the prevailing dulness, and Wall Street is generally waiting
for a “ spring opening.”
The prices of-the great staple products, wheat and cotton,
have been extremely disappointing, and iron has also gone
down to very low figures. This has caused depression in many
parts of the country, but on the. other hand if prices have
touched bottom, or nearly so, the future should be brighter,
and the low basis of values ought to make a good starting
point from which a healthy trade can be done in the future.
Consolidations go on, and this week we have the Tennessee
Coal & Iron completed, and the Sugar Refineries absorbing
two of the great Philadelphia concerns. The Attorney General
of Pennsylvania has begun his suit to test the constitutional ity
of the Reading leases, but if the question of competition
between roads has to go before a Pennsylvania jury as a
question of faet the chances would seem to be in favor of the
Reading Company—certainly if the coal districts are repre
sented among the jurymen.
There is a certain degree of interest attaching to the rates at
which Exchange memberships are changing bands at different
times, and the following table will show recent prices this
month as compared with March, 1891.
E X C H A N G E M E M B E R SH IPS.
March,
1891.
March,
1892.
Exchange.
New York Stock Exchange ............................
New York Consolidated Stock & Petroleum Exoh.
New York Produce Exchange.........................
New York Cotton Exchange..................... .......
New York Coffee Exchange..................................
New York Heal Estate Exch. & Auction R oom ..
Boston Stock Exchange..................... ............ ........
Philadelphia Stock Exchange.. .v.........................
Chicago Stock Exchange.............. ‘.........................
Chicago Board of Trade.........................................
* Last sale in February.
$22,000
225
*900
*475
275
1,070 b.
18,000
2,500
875
1,365
$16,000
225
790
550
485
1.150
17,000
2,5' 0
1,050
1.150
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1% to 2 per cent,
the average being a little less than 2 p. c. To-day rates on call
were 1% to 2 p. c. Commercial paper quoted at 4@5per cent.
The Bank of England weekly statement on Thursday showedan increase in bullion of £829,000, and the percentage of reserve
to liabilities was 45-50, against 44’50 last week; the discount
rate remains unchanged at 3 per cent. The Bank of France
shows an increase of 4,375,000 francs in gold and 2,800,000
francs in silver.
The New York Clearing-House banks in their statement of
March 12 showed a decrease in the reserve held of $5,496,300
and a surplus over the required reserve of $16,196,450, against
$21,292,225 the previous week.
Differen'sfrom
1891.
1892.
March 12.
Prev. week.
March 14.
Capital.................
Surplus................
Loans and disc’ts
Circulation.........
Net deposits........
Specie..... ............
Legal tenders.. . .
Reserve h e ld ....
Legal reserve___
Sirplus reserve
1890.
March 15.
$
$
60,372,700
66,554,200
492,934,000 Inc .4,258,700
26,900
5,571,100 Dec.
531.976.600 Dec.1,602,100
100,455,800 Dec.4,024,000
48,734,800 Dec. 1,472,300
149.190.600 Deo.5,496,300
132,994,150 Deo. 400,525
$
60.572.700
63,237,900
404.153.300
3,527,900
410,730,900
77.655.700
34,820,600
112.476.300
102,682,725
$
60,862,700
57,863,600
404,682,100
8,519,700
410,454,000
78,470,300
25,194,000
103,664.300
102,6 L3,500
16,196,450|Dec.5,095,775
9,793,575
1,050,800
Foreign Fxcharige.—Sterling exchange has been dull
throughout the week, with very little change in prices made
on actual transactions. Actual ratés for*? exchange are:
Bankers’ sixty days sterling, 4 35%@4 86 ; demand, 4 87%
@4 87% ; cables, 4 88@4 88%.
Posted rates of leading bankers are as follows :
March 18.
Prime bankers’ sterling bills on London..
Prime com m ercial.......... .......................
Documentary commercial............... ..........
Paris bankers (francs).............................. . .
Amsterdam (guilders) bankers..,............
F rankfort or Bremen (reichmarks)b’nkers
Sixty Day*.
4 % m rr
Demand.
4 88ia
4 84%a>4 85
4 84*3 » 4 84%
5 18*s®5 17*a 5 17*8®5 1678
40*8 »40*16 I 40&16® 40%
95*8®95% I .9538». 95*3
[ V o i . L1V.
The following were the rates o f domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying,
par ; selling % premium; Charleston, buying par, selling %
premium; New Orleans, commercial, 50c. premium; bank,
$150 per $1,000 premium; St. Louis, par @ 25c. premium;
Chicago, 60@70c. per $1,000 discount.
United States Bonds.—Quotations are as follow s:
Interest Mar.
Periods 12.
Mar.
14.
Mar.
15.
Mar.
17.
Mar
18,
. .reg. Q»-Mch. *100 *100 *100 *100 *100
4s, 1907........... -.reg. Q .-Jan. 116% *116 *116 *116 *116
4s, 1907.......... ..coup. Q.-J a n . *117 *117 *117
117*3 *117
6s, cur’cy,’ 95.. ..reg. J. & J. *109 *109 *109 *109 *109
6s, cur’cy,’ 96.. ..reg. J. & J. *111 *111 *111 *111 *111
6s, cur’cy,’97.. ..reg. J. & J. *113*3 *113 *113 *113 *113
6s, cur’ey,’ 98.. -.reg. J. A J. *116 *116 *116 *116 *116
6s, cur’ ey,’ 9 9.. ..reg. J. & J. *119 *119 *119 *119 *119
*TMsis tbe price bid at tne morning board; no sale was made.
*100
*116
*117
*109
*111
*113
*116
*119
Mar.
16.
Government Purchases o f Silver.—The following shows
the amount of silver purchased by the Government in March.
Ounces
offered.
Previously reported............ 4,067,COO
585.000
“
16............................... 472.000
“
18............................... 717.000
P nce paid.
2,239,278 $0-9060
355.000 $0-9019
250,000. $0-9050
487.000 $0.9015
115,899 $ ........
®
®
a
®
®
$0-9137
$0*9055
$0-9055
$0-9022
$ ........
3,447,177 $0 9015 » $0*9137
‘ Total in month to date.. 5,841,000
* Tbe local purchases of each week are not reported till Monday o f
the following week.
Coins.—The following are the current quotations in gold for
various coins:
Sovereigns...........$4 86
N apoleon s.... .. . 3 86
X X Reichmarks. 4 74
25 Pesetas........... 4 75
Span. Doubloons. 15 50
Mex. Doubloons.15 50
Fine gold b a rs ... par
®$4 90
» 3 90
® 4 80
® 4 85
®15 70
» 1 5 70
® *4 prem.
Fine silver b ars..
8978 » — 90*s
Five f l a u e s ....... — 90 » — 95
Mexican dollars.. — 70 ® — 7i*a
Do unoommero’ l -------® --------- Peruvian s o ls ..... — 66 ® — 70
English s ilv e r.... 4 80 ® 4 90
U.fif. trade dollars — 70 ® — —
State and Railroad Bonds.—State bonds are very quiet,
and sales include only $5,000 Tenn. settlt. 65 at 107; $3,000
Tenn. settlt. 3s at 70; $2,000 N. C. Con. 4s at 98%; $10,000
N. C. sp. tax tr. rec. at 5; $2,50J Va. 6s defd. at 9 ; $10,000
do. tr. receipts at 8%.
Railroad bonds have been active in only a few of the
specialties, particularly ia the Richmond Terminal fives.
These bonds, after declining last week on the Central Georgia
receivership and the delay of the Committee’s plans, have this
week advanced again, and after some fluctuations clo*e at 67%
for the 5s and 96% for the 6s. The plan seem3 to be unquestion
ably favorable for these bonds. The Reading income bonds
have not been very active, and must continue to fluctuate as
long as the proceedings against the leases are continued. It
may be remembered, however, that without any combination
the Reading Company earned and paid in 1891 5 per cent on
its first incomes and 4% on the seconds. The Tenn. Coal &
Iron bonds are stronger in consequence of the consolidation,
which puts a larger amount of stock behind the mortgages.
We understand that each of the first mortgages, on the Tenn.
Division and on the Birmingham Division, covers the property
of the other division as a second mortgage. The Oregon I m
provement consol. 5s sell about 71, with the coupon of 2% pecent due April 1 (the annual report is published to-day in the
C h r o n ic l e ) ; Chicago & Northern Pacific 5s at 81%, with 2%
per cent due the same date; Richmond & Danville consol. 5s
at 82, with April coupon 2%; Tenn. Coal & Iron 63, Tenn.
Div., at 95%. with April coupon 3 per cent; Louisville New
Albany & Chi. consol. 6s at 102%, with 3 per cent due April 1.
The general list of bonds has been dull, with prices well
maintained.
Railroad and Miscellaneous Stocks.—The Stock Exchange
lists have shown a very moderate business, even in the leading
specialties. The period just prior to April 1, preceding the
opening of navigation and the beginning of spring business,
is usually a time of baiting in the markets, but this is gener
ally occasioned by uncertainty about the money market and
fear of a temporarv stringency in loans. This year, how
ever, there is no apprehension about money, and the waiting
attitude has been caused by other reasons, among which were
the recent suits against the coal combination, the delay in
issuing the Richmond Terminal plan, the pending of several
important negotiations among other corporations, such as
Tennessee Coal, Sugar Refineries, Chicago Gas, &c., and finally
the shade of uncertainty thrown over the market for a time
by the gold movement.
The Richmond Terminal plan seems to be well received on
the whole, and no particular importance need be placed on
the fact that there are considerable sales, as many parties
always sell immediately after some expected event has trans
pired. Reading holds fairly under the legal attacks made on
the recent leases, and there is apparently much confidence
among its friends that the company will remain in a stronger
position in the future. The granger stocks are showing much
steadiness on fair transactions, and there is the expectation of
a continued good traffic on the roads. Western Union tele
graph is also strongmen reported pool buying.
Among the unlisted, Sugar has been very active on the re
ported absorption of two' large Philadelphia concerns and
closes at 94%, against 92% last week. Silver, bullion certifiers
ates are very dulkdit 90»*—-“ .
:«
M ae c h
471
THE CHRONLCLE.
9, lá »2 ]
NEW YORK STOCK EXCHANGE—A CTIV E STOCKS tor week ending M ARCH 1 8 , and since JAN. 1, 1892«
HIGHEST AND LOWEST PRICES
STOCKS.
Saturday,
March 12.
Monday,
March 14.
Tuesday, Wednesday,
March 15. March 16.
Thursday,
March 17.
Sales
of the
Week,
Friday,
March 18. Shares.
Range of sales in 1892.
Lowest.
Highest
A c t iv e S R , S t o c k s .
46% Jan. 4
39% 38% 39% 39% 40% 39% 40% 60,385 37% Feb.
38% 39% 39
Atchison Top. & Santa I'e___ 38% 39
5% Jan. 2
43« Feb.
200
4%
4%
*4% 4%
*4% 4%
*413 458 *4*2__ _ Atlantic & Pacific..................
101%
Mar. 12
6.672 95% Mar.
100 % 100 %
100 % 100 % 100 100*2 100 100
98% 101% 100%101
Baltimore & Ohio..................
94%
Jan. 12
88
Mar.
1,500
88
88
%
83%
8
8
%
88 % 88 %
*88% 84
88% 89
Canadian Pacific..................... *88^ 89
64%
Mar.
5
2,875 58% Jan.
62% 62% 62% 61% 62% 61% 62% 61% 62
Canada Southern.................... 61% 62% 62
145 Feb. 29
5,935 111% Jan.
142% 141 141% 140% 140% 139% 140%
Central of New Jersey............ 1411« 143% 141% 142% 141%
35
Jan.
4
30% Mar.
31% *30% 31%
31% *30% 31% *31
Central Pacific........................ *30% 31% *30% 31% *30%
28 Jan. 14
2,379 ¿4% Feb.
25% 25% 25% 25%
25% *25% 26
Chesapeake & O., vot. tr. cert. 25% 2578 25% 25% 25%
64% Jan. 16
61
61%
785 59 Jan.
61
61
G2
60% 60% *60
*60
62
62
62
Do do
1st pref
43% Feb. 17
335 38% Jan*42% 43% *42% 43% *42% 43% 42% 42%
Do do
2d pref....... *421« 43% *42% 43% 147
146% Mar. 7
139 Feb.
145
150
16
443
147
*
i43
149
147
143
146
Chicago & A lto n ..................... 143 150
110% Jan. 28
Feb.
106% 107% 107% 107% 107% 107% 107% 108% 107% 108% 22,226 103%
Chicago Burlington & Quincy. 106 78 107
70 Jan. 2
63% Mar.
*63% ........ *63%
Chicago & Eastern Illinois—
104 Feb. 11
98
Jan.
100
101
1,040
100 101
101% 101% xlOO 100
101 101
Do
pref. 101 101
83% Jan. 7
77%
78
71,490
76%
Feb.
77%
78%
77%
77%
77
77%
Chicago Milwaukee* St. Paul. 77% 78% 76% 77% 127 128
128% Mar. 5
454 120% Jan.
127% 127% 127% 127% 127% 127%
Do
pref. 12734 127% 127 128
12178
Mar. 5
114%
Jan.
119%
121
24,331
12
L%
120
%
120
%
121
%
120%
120%
Chicago & Northwestern....... 120 120 % 119% 120%
145% Jan. 28
79 141% Jan.
144% 144% 143% 144% 144%144%
Do
pref.
94%
Jan.
7
89
89%
19,288
87%
Feb.
90
89%
89
89%
89%
Chicago Rock Island & Pacific. 88% 89% 88% 89% 88%
5078 Jan. 29
48
2,710 44 Jan.
48% 48
48% 48% 48% 48
48
48% 48
Chicago St. Paul Minn. & Om. 48% 48% 116
117%
Mar.
5
113
116
108%
Jan.
413
117
115
119
114
119
119
Do
pref. 117 IIS'*
75 Jan. 7
3,770 69% Feb.
71% 71% 71% 71% 71% 71% 71% 71% 71% 71%
72
Cleve. Cincin. Chic. & St. L . .. *71
99 Mar. 7
99
99
980 95 Jan.
98% 98%
99
99
99
Do
pref. 99
33% Feb. 18
SI
540 29% Jan.
30% 30% 31
31
31
31
31%
*30%
31%
*3034
31%
Columbus Hocking Val. & Tol.
145%
Mar. 1
122%
Jan.
139%
139%
7,609
139% 140% 139% 140% 139% 139% 139% 139%
Delaware & Hudson............... 139% 141
167% Feb. 29
159 159% 11,763 138% Jan.
160
160
160%
160%
160
161%
159%
160%
Delaware Lackawann a &West 15978 162%
19%
Jan.
2
18%
18%
16%
Feb.
400
18% *18% 18% 18% 18% *18% 18% 18% 18% 52% 53
Denver & Rio G rande............ *18
54 Mar. 9
7,535 45 Jan.
52% 53% 53% 53% 53% 53%
53% 52% 53
Do
pref. 53
9%
Jan.
7
6
%
6
%
1,102
6%
Mar.
6% 7
*7%
8
*7% 7%
6% 7%
6%
6%
East Tennessee Va. & Ga.......
51% Jan. 11
*40
50
45 Mar.
*40
50
*40
50
*40
50
*40
50
50
Do
1st pref. *40
20
Feb.
29
17%
17%
5,502
14% Jan18%
18
18% 18% 18% 18
17% 18
18
18
Do
2d pref.
129% Mar. 10
128 128
400 x ll9 % Jan,
128 130
428 130 428 130
128 130
Evansville & Terre H aute.... 128% 129
142 Mar. 17
138 142
3,022 119 Jan.
136 142
134
134
134
134
130
130
129%
131%
Great Northern, pref..............
110 Jan. 5
106%
106%
105
Mar.
1,349
106%
106%
106%106%
106%106%
106% 106%
Illinois Central........................ 107 107
15% Jan. 4
12 %
670 12 Mar.
* 11 % 12 % *12
12
12
* 11 %
12 %
12
12
12 % 12 %
Iowa Central...........................
56% Feb. 13
49
49
46
Jan.
380
51
51
51
51
50
50%
52
*49
49
Do
pref. 49
27
Feb. 25
25% 25%
5,605 20% Jan.
26% 25% 28% 25% 26
26% 26
26% 26% 26
Lake Erie & Western_______
78%
Feb. 19
69%
Jan.
75%
75%
2,025
75%
76
*75%
76
76
76% 76
Do
pref. 76% 76% *76
140%
Mar. 5
134% 134%
5,633 120 Jan.
134 134
134
134 134
Lake Shore & Mich. Southern. 135% 135% 134 134% 134
103
Mar. 7
102
102
95
Jan.
1,180
*102
104
102% 102% *102 104
102 105
Long Island............................. *102 105
84% Jan. 2
8,029 72% Feb.
75% 74% 75% 74% 74% 74% 75% 74% 75%
75
75% 75
Louisville & Nashville...........
31
Jan.
7
25
25%
21%
Mar.
25% 25%
1,900
25% 26% 25% 25% 25% 25% *25% 26
Louisv. New Alb. & Chicago..
119 Jan. 28
114 114
1,610 104 Jan.
113 113
115 115% x l l 4 114
Manhattan Elevated,consol.. 115% 115% 114% 115
116
Mar.
7
104
Jan.
510
111% 112% 111 111 *110% 113 *111 111%
Michigan Central..................... *112 114
94 Feb. 1
*94
92% Jan.
*94 ........ *94
*94
*94
Milwaukee Lake Sh.& West.. *94 . . . .
135 Jan. 28
*130
128% Feb.
*130 ........ *130
130
130
Do
pref. 1 3 0 . ...
10% Jan. 7
9%
8
Feb.
262
9%
*9%
9%
*9%
*9%
10
9%
j
9
9
9%
9%
Minneapolis & St. Louis........
24 Jan. 7
*20
18 Mar.
21%
*20
22
*20
22
*20
22
*20
22
22
Do
pref. *20
20%
Jan. 13
*16%
45
16%
Feb.
17%
17%
17%
*17%
18%
*17%
18%
*17% 18
18
18
Missouri Kansas & T ex a s__
33% Jan. 13
298 28% Feb.
30% 29% 29% 29% 29% *29% 30
30% *30
30% *30
Do
pref. *30
65%
Jan.
4
59
Jan.
61%
62%
12,840
62%
62%
62%
6278
62%
«3%
63%
62
62% 62
Missouri Pacific.......................
42% Jan. 2
*38% 39%
312 34% Jan.
40
39% 39% *39
39
39
40
39% 39% *38
Mobile & O h io.........................
90
Jan.
14
85%
86
Feb.
85%
85
*86
88
%
88
%
88
%
88 %
88 % *86
88% *86
Nashv.Chattanooga&St.Louis *80
119% Mar. 5
116
1.16% 5,780 112% Jan.
116% 117% 116% 117
116% 116% 116% 117
New York Central & Hudson. 116%117
22% Jan.
235 18% Feb.
20% *19% 19% 19% 19% 19% 19%
20% *19
New York Chic. & St. Louis .. *19% 20% *19
81% Jan.
225 75 Feb.
76% 76% 76% 76%
80% *76% 80
80% *77
80% *77
Do
1st pref. *77
45 Jan.
*41
43
39%
Jan.
275
41%
41%
*41% 43
41% 41%
Do
2d pref. *41% 42% *41% 43
34% Jan.
32% 32% 33,090 29% Jan.
32%
33
32%
33%
33%
33%
33
33%
33%
33%
New York Lake Erie & West’n
77% Mar.
2,305 V0% Jan.
76% *75% 76%
76% 76% 76% 76% 76% 76
Do
pref. 76% 76% 76
59 Mar.
48% 49% 37,758 42% Jan.
48% 49% 48% 49% 48% 50% 49% 49% 48% 49% *225
New York & New England...
228
Mar.
224
Jan.
31
230
228 228 t225 228
227 227 *226% 229
New York New Hav. & Hart. r225
23% Feb. H
20%
18%
Feb.
2,898
20%
20
%
20
%
20
%
20
%
20%
20%
20%
20%
20%
New York Ontario & Western
14%
Feb
15
13%
10%
Jan.
5,935
13%
13% 13%
13% 13% 14% 13% 14% 13% 14
New York Susquehan. &West.
60 Mar. 14
58
4,595 41% Jan.
58
58% 59
59
59% 59
59
56% 60
57
Do
pref. 57
18
Jan.
*14
14%
Feb.
500
16
*14% 16
*14% 16
16
15% 14% 14% 14
Norfolk & Western.................. *14
56 Jan. 4
*50
200 49 Feb.
51
*50% 51
*50% 51
50
51
51
51% *50
Do
pref.
26% Jan. 2
23% 23%
385 23 Jan.
23%
23%
23%
23%
23%
23%
24
24
23%
Northern Pacific.....................
72% Jan. 2
65%
Jan.
67
14,178
67%
67%
67%
67
67%
66% 66% 66% 66% 67
Do
pref.
24 Jan. 5
22% 22%
157 21 Feb.
21 % 2 1 %
*2 1 % 2 2 %
21
22% *21% 22% 21
Ohio & Mississippi..................
28% Mar. 18
19
Jan.
28
4,833
28%
27%
27%
27% 28% 27% 28
28
28
28
Ohio Southern......................... 28
91% Jan. 28
*88
120 85 Jan.
90
*88
89
90
88 % 88 % *89
*87
90
89
Oregon R’y & Navigation Co. 89
33%
Jan. 4
28
Feb.
*28
300
29
28%
28%
*28
29% *28% 29% 28% 28%
29
Oregon Sh. Line*U tah North 29
2278 Jan. 4
*20
21
600 19% Feb.
21
20 % *20
20% 20% 20% *20 % 20 % *20
Peoria Decatur & Evansville.
65
Feb. 11
38
Jan.
316,147
56%
57%
57%
58%
59% 57% 59% 57% 58% 57% 58%
Phila.&Read., vot. trust, cert.
30% Jan. 5
100 25% Feb.
26%
26% *25
*25
26% *25% 26% *25
26
26
26
Pittsburg Cinn. Chic. & St. L.
67%
Jan.
5
63
Mar.
*62
243
64%
*62%
65
63
62% 62% 63
63
63
64
Do
pref. *62
43 Jan. 7
200 39% Jan.
40% 40%
42
41% 41% *40
*40
42
42
Pitts. & W e st, pref. tr. certs. *41
17%
Feb.
12
12
Mar,
14%
162,981
1334
14% 16
Richmond&WestP’tTerminal 141 15% 14% 15% 15% 16% 15% 16
79 Feb. 16
9,244 60 Jan.
71
71%
73
74% 70
75% 73% 74% 74
73% 73
Do
pref. 70
41 Jan. 5
*37% 39
lOOl 37 Mar.
*37% 38
38
38
Rio Grande Western............... *381 39
74 Mar. 11
Feb.
73%
310|
68
73%
*72%
73%
73%
73%
73%
73%
73% 73%
74
Do
pref. *73
112%
Jan. 4
Jan.
110%
111%
166
110
410 111 *110 112
Rome Watertown &Ogdensb. 1101 110% *110 111% 410 111
11% Jan.
8%
Feb.
*8%
280
9%
*8%
9%
8%
9
9
9
8% 8%
* 8%
9%
St. Louis Southwestern.......
22%
Jan.
17
Mar,
272
18% 18% *17% 18
18
18
*18
18% *17% 18
19
Do
pref. *18
4S78 Jan.
310' 43 Mar.
43
*43
44% 43% 43% £43% 43% 43
44
St. Paul & Duluth.................... 421 42% *43
106% Feb.
*104 105
25 103 Jan.
105
105
104
105
4
0
4
105
*104
104
105
105
Do
pref.
116%
Jan.
Feb.
*113
2,005
112
115
*113
115
114
113 113% 113% 113% 114
113 115
Bt. Paul Minn. & Manitoba.
41% Jan.
1,960 38 Mar.
38% 38%
38% 38% 39
38
38% 38
38% 39
39
39
Southern Pacific Co........ .
14%
Jan.
11
3,301'
9%
Feb.
11%
11
11
11
%
111
11% 11% 11% 11 % 11 % 11
Texas & Pacific....................
2778 Feb.
700 23% Jan.
25% 25% 25% 25% 25%
25% 25
25% *25
25% *25
Toledo Ann Arbor & N. Mich. *25
52%
Feb. 13
50,
46
Jan.
*49
52
'49
52
52
49
*49
52
*49
52
50
Toledo & Ohio Central............ 50
88 Feb. H
.......; 83 Jan.
*83
86
*83
86
86
33
*83
*83
86
86
86
Do
pref. *83
11
50%
Jan.
9,863
44%
Feb.
46%
46%
46% 47%
46% 47
46% 46% 47% 46% 47
Union P acific. . .
.............
2,305 19% Feb. loi 25 Jan.
21%
21% 21% 21
*20 % 2 1 %
21
21
21 %
Union Pacific Denver & Gulf. 2 1 % 2 1 % 21
15%
Jan.
12%
Jan.
1,125
*12%
13%|
13
13
W abash................................... *13% 13% 13% 13% *12% 13% 12% 13
33% Jan.
4,065 28% Feb.
29% 29% 29% 29% 29% 29%
Dc
pref. 29% 29% 29% 30% 29% 30
40% Jan.
5,02* 32% Mar.
32% 33%
34% 34% 34% 33% 34% 33% 337
Wheeling & Lake Erie............ 34% 34% 34
80% Jan.
75
Mar.
1,549
75%
75%
75%
76
75%
75%
Do
pref. 75% 75% 75% 75% 75% 75%
21% Jan.
18
Jan.
300
18
18
*18
18% 18
18
18% 18
18
18% *18
Wisconsin Central Co............. *18
m is c e lla n e o u s S t o c k s .
Mar. 14
37%
11,502
32%
Jan.
37
37% 37% 37% 37
37% 37
35% 35% 35% 37% 37
American Cotton Oil Co........
71% Mar. l7
5,318 63% Jan.
71% 71% 71% 71% 71% 71% 71%
70% 70% 70% 71% 71
Do
pref.
95% Mar. 18
93% 92% 95% 94% 95% 178,127 78% Jan.
92% 95% 93% 95% 92
93% 95
Am. Sugar R e f.C o ..................
99 Mar. 12
7,387 90 Jan.
97%
97% 97
97
97% 96% 97
97% 98% 97
99
98
Do
pref.
81% Feb. 12
4,586 71% Jan.
74% 74% 74% 74%
74% 75% 74% 74% 74% 75
76
Chicago Gas Co., trust rec’ts. 76
39% Jan. 11
35%
Mar.
2,450
36%
*36
36%
36%
36% 36% 36% 36%
36% 37
Colorado Coal & Iron. __
36% 37
114% Feb. 6
638 102 Jan.
112% 112% 112% 112 % 1 1 2 1« 112% 112 112
112 % 112% 412 113
Consolidated Gas Co..........
67% Jan. 7
44%
Mar.
6,950
46%'
46%
46%
x46%
Distilling & Cattle Feed’g Co. 46% 48% 47% 47% 47% 47% 47% 48
104 Feb 5
549 88% Jan.
97% 97% 96% 96%
96% 96% *96% 98
97
97
Edison General Electric........ *96% 97
99% Jan. 7
92%
Feb.
9,690
93%
93
93% 93%
94
95% 63% 94% 93% 94% 93% 94
National Cordage C o ............
114% Feb. 3
1,187 100 Jan.
106%
Do
pref 106% 106% 106% 106% 106% 106% 106% 106% 106% 106% 106%
31
Jan.
39 Jan. 4
2,446
32%
32%
32% 33%
33% 32% 33
33% 33
32% 33% 33
National Lead Co.................. .
86% Feb. 11
2,410 81% Mar.
82%
82% 82% 82
83
82% 82% 83% 83% 82% 83% 83
Do
pref
15%
Jan.
1,667
18% Jan. 4
15% 15% 15% 15% 15% 15%
16
North American Co........... .
1578 15% 15% 15% 16
29% Jan. 4
26%
Jan.
*25
28
*25
28
29
*25%
*25% 29
*25
29
29
Oregon Improvement C o ___ *25
40%
Jan. 4
2,260 35% Mar.
36% 36% 35% 36%
36
Pacific M ail............................. *36% 37% 36% 36% 36% 36% 36
64% Jan. 12
56% 56% 148,000 56% Mar.
57% 56% 57
58% 57
59% 59% 58% 59% 58
Pipe Line Certificates § ........ .
190 Feb. 1
432 184 Jan.
189% 189% 489% 189% 189 18934 189% 189%
Pullman Palace Car Co........ . 488% 189% 489 190
95% Jan. 4
90
89% 90% 57,000 89% Feb.
*90% 90% 90% 90% 90
Silver Bullion Certificates__ *90% 90% *90% 91
50% Mar. 10
47% 48% 36,590 40% Jan.
47% 48% 48% 49% 48
48% 47% 48% 46% 48
Tennessee Coal & Iron . . . . .. .
Mar. 15
106
2,165
92
Feb.
110
*100
4
00
110
98% 103% 102 106
Do
pref *96 101
89% Mar. 17
87% 88% 28,579 82 Jan.
89% 89%
88% 89% 89
8 8 % 89
88 % 88 %
Western Union Telegraph. . .
* These are the prices bid and asked; no sale made § Prices from both Exchanges, x Ex dividend.
THE CHRONICLE.
472
[VOL. LTV\
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stocks.
Indicates unlisted
Sales
Share Prices — n ot Per C entum P rices
Saturday,
March 12.
Tuesday, Wednesday,
March 15. March 16.
Monday,
March 14.
Thursday,
March 17.
Week,
Friday,
March 18. Shares.
Range of sales in 18S2.
Lowest.
Highest.
39% 38% 39% 39% 40% 39% 40% 29,616 375s Feb.
46% Jan.
39
Atch. T. & 8. Fe (Boston) .100 38% 39
4% 4%
4%
4%
4%
180
4 Mar.
45g 38% 393s
5% Jan.
Atlantic & Pac.
“
100 •V
778 84 Jan.
100% Mar.
Baltimore & Ohio (Balt.).100 100 loo “ 100 ~100% 100% 100% 100% 100% 100 100 *100 101%
*133
*........ 140
130 Jan.
*130
135 Feb.
Ißt preferred
“
100
*120
*120 125
*120
120% Mar.
*120
2d preferred
“
100
205% 206 *205 206
206 206
195
206 206
209 Mar.
207 x205%206
Boston &Albany ( Boston). 100
174% 174% 175 175
175 175
21
175% Feb.
175 *174% 175 *174% 175
Boston & Lowell
“
100
168 168% 168 168% 168% 170
1,028 159 Jan.
170 Mar.
167 168
167 168
Boston & Maine
“
100 168 168
*16
17
*16
17
“ 16
16 Jan.
16 78
17
*16
18 Jan.
17
*16
17
Central of Mass.
“
100 *16
*34
*34
35
35
*34
35
33
Jan.
i
s
Ò
35%
*34
38 Jan.
35
35
*34%
35%
Preferred
“
100
110% Jan.
Chic.Bur.&Quin,
100 1067« 107% 10678 1075« 107% 107% 107 107% 107% 108% 107% 108% 12,536 10378 Feb.
78%
76%
Mar.
7738
77%
77%
7,300
77%
77%
77%
83% Jan.
77%
77%
77% 77
Ohio. Mil. & St.P. (Phil.). 100
52% 53
53
54
51% 51%
3,809 48 Feb.
49% 55
54 Mar.
48% 49
Chic. &W.Mich. (Boston). 100
*5%
6
5*2
Feb.
*5^4
*5%
5%
*5%
5%
8 Feb.
Cleve. & Canton
100
20
20
19 Feb.
*19
*19
*19
*19
23 Jan.
100 *19
Preferred....
81%
Jan.
88
87%
87%
225
88
83
87% 88
83
88% Mar.
88
88
88
100 88
Fitchburg pref.
*........ 26
32 25 Feb.
26
*26
26
*24
26 Mar.
25
25
FI. & Pere Marq
100 *25
82
83
*82% 84
*83
193 75 >2 Feb.
*82% 84
86% Jan.
*33
85
80% 84
100
Preferred
___
33% 33% 33% *33
1,013 25*3 Jan.
33%
34% Mar.
Hunt. & Br. Top. (Pliila ) . 50 33% 33% 32%.. 33% 33% 33 k. *33
292 46% Jan.
54% Mar.
527s 52% 52% 53% *53% 53% *53% 53%
54
52% 53
Preferred
“
50 *52
50%
Jan.
4,384
57%
57%
57
57%
56%
57%
57%
62%
Feb.
57%
58
57%
58
58%
Lehigh Valley
“
50
114 114% 113 113
112 112
113 113
181 112 Mar.
117 Jan.
112 j.12
Maine Central (Boston) .100
1,532
19%
19%
19%
19%
19%
19%
*19%
19%
24%
Jan.
18
7s
Feb.
19%
19%
19%
1958
Mexican Central
“
100
49% 48% 48%
5,938 4208 Jan.
58% Mar.
N. Y. & N. Eng.
“
100 4878 495s 4838 49% 49% 50% 49% 49% 49
102 104
582 97 Feb.
104%104% 102% 103%
114% Jan.
100 101% 101 101
Preferred....
“
100 *100 101
69% 69%
160 63 Jan.
70
69% 69%
69% *69
69% Mar.
Northern Central (Balt.). 50 *69%
635 2318 Mar,
26% Jan.
Northern Pacific (Pliila.). 100 23% 23% 23% 23% 23% 23% *23% 23% 23% 23% 23% 23%
67% 67% *67% 673s 67
1,322 65% Jan.
67%
72% Jan.
Preferred
“
100 6678 6678 6658 66% 6678 67
164ia
Jan.
173
173
172%
173
194
172%
173
172%
172%
172%
172%
173
Mar.
ld Colony.. . . (Boston). 100 *172
54% 55
6,354 54% Mar,
54% 55% 54% 55
57% Jan.
ennsylvania.. (Phila.). 50 54% 54% 54% 547s 54% 55
3938
39
39%
32
Jan.
39%
39
39
1,167
39%
39%
40% Mar.
39
Philadel. & Erie.
“
50 39% 3938 39
34% Feb.
28%28i3ie. 146,917 193 us Jan.
Phila. ¿R eading
“
50 2878 297a 28% 29%: 23Ulfc29316 28 l it29% 28% 29
100
6 Feb. 8 7 Feb.
6
6
6
*5%
*6
7
Summit Branch (Boston). 50
*46% 46% 46% 47% *46% 46%
2,200 4458 Feb. 11 50% Jan.
47
Union Pacific
“
100 4658 46% 46% 47% 47
226% 226%
26 225 Jan. 8 226% Feb.
*226 ....... *226
226 226 *226%
United Cos.of N. J. (Phila.) 100 *226
92
8 Jan. 19 10% Feb.
8% 8%
8%
*8% 9
WestemN. Y. &P&(Phila.). 100 *8%
?
m iscellan eou s Stocks.
93
Am. Sug’rRefln. if (Boston)___
97%
Preferred........
“
Bell Telephone..
*’
i o 203
Bost. & Montana
25 39%
15%
Butte & Boston..
*265
Calumet &Hecla
*63
50%
Consolidated Gas
“
Erie Telephon e (Boston).
Lamson Store Ser. “
*16
Lehi’h Coal&Nav. 'Phil.j
55
52
94% 9278 95%
97
98
99
203
204 205%
40
41
39%
15% 16
16
270
263 270
*64
67
50% 50% 50%
46%
*16 “ .......
54% 54%
55
52
51% 51%
......
*1 5% 16
5858 5S% 58% 58%
Preferred........... “
2f
29
2878 287r 29
1938 19% 19% 20
West End Land..
“
__
* Bid and asked prices no sale was made.
Inactive Stocks.
Prices o f March 18.
Atlanta & Charlotte (Balt.) .100
Boston & Providence (Boston). 100
Camden&Atanticpf. (Phila.). 50
Catawissa................
“
50
1st preferred........
“
50
2d preferred..........
“
50
ventral Ohio............. (Ball.). 50
Chari. Col. & Augusta
“
100
Connecticut & Pass. (Boston). 100
Connecticut R iver...
“
100
Delaware &Bound Br. (Phila.) .100
Har.Ports.Mt.Joy&L.
“
50
Kan. C’y Ft. 8. & Mem. (Boston). 100
Preferred....................
“ 100
K. City Mem. & Birm.
“
100
Little Schuylkill....... (Phila.). 50
Manchester & Law.. (Boston.). 100
Maryland Central....
(Balt.) 50
Mine Hill & 8. Haven (Phila.). 50
NesquehoningVal....
“
50
Northern N. H........... (Boston). 100
North Pennsylvania. (Phila.). 50
Oregon Short Lin e... (Boston) _100
Parkersburg...............
(Balt.) 50
Pennsylvania & N.W. (Phila.) 50
Raleigh & Gaston___
(Balt.) 100
Rutland....................... (Boston). 100
Preferred................
100
Seaboard & Roanoke. (Balt.) 100
1st preferred.......... ,
'•
100
W estEnd................ . . , (Boston). 50
Preferred....................
“
50
West Jersey.................(Phila.). 50
West Jersey & Atlan.
“
50
Western Maryland..
(Balt.). 50
Wilm. Col. & Augusta
“
100
Wilmingt’n& Weldon
“
100
Wisconsin Central... (Boston). 100
Preferred....................
“ 100
Worc’st.Nash.&Roch.
“
100
Bid.
Ask.
I 95
27
8%
61%
60%
54
20
30
118%
232
80
45
110
21%
69
69
70
52%
139
84
29
28
Ö-S
47
66
69
76
86%
56
17
76%
87
107
18%
40
120
30
121
M IS C E L L A N E O U S .
Allouez Mining........ (Boston). 25
1
Atlantic Mining........
“
25 11
City Passenger R R ... (Balt.). 25 70
Bay State Gas............(Boston). 50
28%
Boston Land.................
“
10
6
Centennial M ining...
“
10 13%
Fort Wayne Electric^
“
25 12%
Franklin Mining.......
“
25 15
4%
Frenchm’n’sBayL’nd
“
5
Huron Mining........
“
25
Illinois Steel f ........ .
"
100 70%
Kearsarge M ining....
“
25 13%
Met. Trac. Co___. . . . . (Phila.)....... 114
Morris Canal guar. 4. (Phila.) .100 76
Preferred guar. 10“
100
Osceola Mining.......... (Boston). 25
31%
Pullman Palace Car..
“
100 189
Quincy Mining..........
“
25
Tamarack M ining....
“
25 163
Thomson Ele. Weld’g.
“
100
1 Unlisted. § And accrued interest^
1%
11%
28%
6%
13%
13
15%
5
73
14
200
32
165
95% 92% 93
9797% 97
205
204 205
40% 38% 39%
15% 15% 15%
268 *265 270
*65
67
67
51%
60% 51
46%
*1 6 % ........
54% 54% 54% 54%
51
51
51%
51
*15% 16
16
16
58% 58%
58
58
28% 29
28% 29
19% 19% 19% 19%
93%
97%
204
38%
15%
268
*63
50%
46%
92% 95%
97% 97%
204 204%
39
39%
15
15%
263 263
65% 65%
51
51%
*46
46%
*16% 17
54 " 54%
*51
15% 15%
58% 59
*28% 28%
19% 19%
Inactive stocks.
Bid.
94% 95% 52,034 7858 Jan.
97% 98
5,399 99% Jan.
803 200 Mar.
203 203%
39% 42% 12,233 3 L Feb.
3,830 13% Feb.
16
16%
94 253 Feb.
270 270
*65
67
50 60% Jan.
1,370 43 Jan.
51% 51%
43% Jan.
*46
14% Feb.
*16
54%
54
208 48% Jan.
*51
52
73 50% Feb.
¡*15% 16
122 15% Jan.
2,305 4978 Jan.
58% 59
814 26% Jan.
28% 29
19% 19% 19,21S 16% Jan.
Ask.
Bonds.
95% Mar.
99 Mar.
210 Jan.
42% Mar.
17% Jan.
270 Mar.
65% Mar.
51% Mar.
47 Jan.
17 Jan.
55% Feb.
53 Feb.
18% Jan.
62% Feb.
29% Feb.
20 Mar
4
5
15
15
9
9
4
18
8
9
28
7
16
12
4
7
17
16
3
3
11
16
4
3
9
16
5
2
3
2
3
11
15
4
27
18
18
12
15
18
5
14
17
17
7
4
15
29
2
9
9
14
Bid. Ask.
12
12% Penna. Consol. 5s, r ........1919, Var
Coliat. Tr. 4% g ...........1913, J&D 106
37a 4%
16% 16% Pa. & N. Y. C anal,7s... 1906, J&D 123
113
Consol. 5 s .............................1939,A&O
Bonds—Boston. ^
At.Top.&8.F.100-yr.4g.,1989, J&J 81% 82
Perkiomen, 1st ser., 5s.1918, Q—J 104%
100-year income 5 g., 1989.Sept.
61% 61% Pnila.& Erie gen. M. 5g.,1920, A&O 112 j___
Gen. mort., 4 g .......... 1920, A&O 100%
Burl. & Mo. River Exempt 6s, J&J
103
86%
Phila & Read, new 4 g „ 1958, J&J
Non-exempt 6s............1918, J&J
1st pref. income, 5 g, 1958, Feb 1 74% 75
Plain 4s.........................1910, J&J
2d pref. income, 5 g, 1958, Feb. 1 64% 65
Chic. Burl. & Nor. 1st 5,1926, A&O 103% 103%
3d pref. income, 5 g, 1958.Feb. 1 56% 56%
2d mort. 6s.................1918, J&D §103% 103%
2d, 7s.......... ................1893, A&O 106% . . . . . .
Debenture 6 s ............1896, J&D §102 103
Consol, mort. 7s........ 1911, J&D 131% 132
92
Chic. Burl.& Quincy 4s ..1922.F&A
Consol.mort.6 g ........ 1911, J&D
92
Iowa Division 4s.......1919, A&O
ImprovementM. 6 g., 1897, A&O 107
Chic.&W.Mich. gen. 5s, 1921, J&D 97%
i ’0’5
Con. M.,5 g.,stamped,1922,M&N
Consol, of Vermont, 5s.1913, J&J
95%
92% Phil. Wilm. & Balt., 4S.1917, A&O 97 102
Current River, 1st, 5s..1927, A&O
Pitts. C. & St. L., 7 s ....1900, F&A 114%
Det. Lans.&Nor’n M. 7s. 1907, J&J
69
123% Po’keepsie Bridge, 6 g. 1936, F&A
E astern 1st mort. 6 g., 1906, M&S
Schuyl.R.E.Side,lst5 g.1935, J&D 108% 108%
I ree.Elk. &M. V.,1 st, 6S.1933, A&O
Steuben.&Ind.,lstm.,5s.l9l4,
J&J
106
Unstamped 1st, 6s___1933, A&O >120
United N. J., 6 g ............ 1894, A&O 103
K.C. C.&Spring.,1st,5g.,1925, A&O
95
Warren & Frank.,1st,7s,1896,F&A 105 »•••“»
K. C. F. S. & M. con. 6s, 1928, M&N
K.C. Mem. & Bir.,1st,5s,1927, M&S 61
62
B on d s.—B a ltim o re .__„
,
K.
C. St. Jo. &C. B., 7s..1907,
,121J&J122% Atlanta & Chari., 1st 7s, 1907, JfeJ 119 120
Income 6s.................. 1900, A&O 99 100
L. Rock & Ft. S., 1st, 7s.. 1905, J&J } 94%
Baltimore & Ohio 4g., 1935, A&O 101% 101%
110
Louis. ,Ev.&St.L., 1st, 6g. 1926, A&O
Pitts. & Conn., 5 g ...l9 2 5 , F&A
2m., 2—6 g .................1936, A&O, 93
........
Staten Island, 2d, 5 g.1926, J&J
Mar. H. & Ont., 6s.......1925, A&O ¡100
Bal.&Ohio S.W.,1st,4%g. 1990, J&J 104 104%
Exten. 6s........................ ...1923, J&D
¡100
CapeF.&Yad.,Ser.A.,6g.l9L6, J&D 99% 100
Mexican Central, 4 g . . .1911, J&J 69% 70
Series B., 6 g ............... 1916, J&D 98%l 99
1st consol.incomes, 3 g, non-cum. 35% 36
Series C., 6 g ............... 1916, J&D 98% 100
20
2d consol, incomes, 3s, non-cum.
Cent. Ohio, 4% g ............1930, M&S 101%l
N. Y. & N.Eng,, 1st, 7s, 1905, J&J 120 % 121
Chari. Col.&Aug. 1st 78.1895, J&J 104% 105
1st mort. 6s.................1905, J&J 112
2d mort. 6s.......................... 1902,F&A
105% Ga.Car. & Nor. 1st 5 g ..l9 2 9 , J&J 103 I 103%
North. Cent. 6s............... 1900, J&J 112 % 113%
2d mort.,scaled, 5s... 1902, F&A
6s...................................1904, J&J 117 118
Ogden. & L. C.,Con.6s.l920,A&0§
Series A, 5s........ ........ 1926, J&J 109% 110
Inc. 6s.....................................1920
4 % s..............................1925, A&O
Rutland, 1st, 6s.......... .1902, M&N
Oxf.&Clark.,int.gu.,6 g.l937,M&N
2d, 5 s .........................1898,F&A 100
100
Piedm.& Cum., 1st, 5 g.1911, F&A
,,, Bonds.—Philadelihia
,
Allegheny Val.,7 3 10s, 1896, J&J 109% 110 Pitts. & Connells. 1st 7s. 1898, J&J 114% 114%
Atlantic City 1st 5s, g., 1919,M&N
105% Virginia Mid., 1st 6s. ..1906, M&S 116 ¡116%
2d Series, 6s................ 1911 M&S 115 116
Belvidere Del., 1st, 6 s ..1902, J&D 11*
3d Series, 6s...............1916, M&S 108% 109
Catawissa, M., 7s........ 1900, F&A 116%
4th Series, 3-4-5s...... 1921, M&S
80
Char. Cin.& Chic.lst 5g, 1947, Q—J
5th Series, 5s............. 1926, M&S 100 103%
Clearfield & Jeff., 1st, 6s.1927, J&J
West Va. C. & P. 1st, 6 g.1911, J&J 108 108%
Connecting, 6s........ 1900-04, M&S
West’ r. N.C. Consol. 6 g.1914, J&J
Del. & B’d Br’k, 1st, 7 s.1905,F&A 127
Wilm. Col. & Aug., 6s.. 1910, J&D 118% 119%
Esston&Am. IstM.,5s.1920,M&N 109
MISCELLANEOUS.
Elmir. & Wilm., 1st, 6s.1910, J&J. 120
Baltimore—City H all6s.1900, Q—J
Hunt. & Br’dTop,C on.5s.’95,A&0 103
Funding6s.................. 1900, Q—J 115
Lehigh Nav. 4%s...........1914, Q—J 110
2d 6s, gold..................1897, J&D 110%
West Maryl’d RR. 6 s ..1902, J&J 117 120
General mort. 4%s, g.l924,Q —F
Water 5s.................... 1916, M&N 126
101%
Lehigh Valley, 1st 6s... 1898, J&D
Funding 5 s ................ 1916, M&N 126 128
114
Exchange 3%s............ 1930, J&J 101 102
2d 7s............................1910, M&S 133% 134
Consol. 6 ..................... 1923, J&D
Virginia (State) 3s, new .1932, J&J
72% 72%
North Penn. 1st, 7s. ...1896, M&N 113
Chesapeake Gas, 6s.......1900, J&D 108a? 109
Consol. Gas, 6s............... 1910, J&D 113* 114
Gen. M. 7s................... 1903, J&J 126
5 s ...................................1939, J&J 100 101 %
Pennsylvania gen. 6s, r..l910, Var
128
Consol. 6s. c
........... 1905. Var
122% Equitable Gas. 6s........ 1913. A&O 110
Thom.Europ.E.WeldTT (Boston) 100
“ 100
Water Power.................
Westing. El. tr. rec.1T
“
50
1 Last price this w ee*
Maech
THE CHRONICLE,
19, 1892.]
473
NEW TORE STOCK EXCHANGE PRICES (Continued).—AC T IV E BONDS M ARCH I S , AND FOR YEAR 1 8 9 2 .
\Olo8’ng Eange (sales) in 1892.
R a il r o a d akd M iscel . BosLS.\lnteiJst\ rrice —----------------- — —------
\Perwd.\Mar.lS
Lowest.
Highest.
!OtoPng Scange (sales) in 1892.
R a il r o a d and M iscel . B onds . Unteresti Price
\PeHod. Jfar.18
Lowest,
Mobile & Ohio—New, 6 g . . 1927 J & D 115%b. 112 Feb.
111% Jan.
Amer. Cotton Oil, del»., 8 g.1900 Q - F
General m ortgage, 4 s ... 1938 M & 8 62%b. 62% Mar.
84 Jan.
A C.Top. AS.F.—100-yr., 4 g . 19 89 J & J
Nash.
Ch. & S t .L —1st, 78.1913 J & J jl2 7 %
126% Jan.
66% Jan.
— 100-year income, 5 g .......1989 Sept.
Con., 5 g ............................1928 A A O 105%b. 103% Jan.
74 Jan.
Atl. & Pae.—Guar, 4 g ___1937
N.Y.
Central—E
xtend.,
5s.
1893¡M
&
N
jl0
3
%
101% Jan.
14% Jan.
W.D. inc., 6s.................... 1910 j & J
1st, cou pon ,7s............... 1903 J A J 125%b. 123% Jan.
116 Mar.
Brookl’n Elevat’d 1st, 6, g. 1924 A A O
107%b.
107% Mar.
Deben.,5s, coup., 1884.. 1904 M A S
107% Feb.
Can. South.—1st guar., 5s 1908 J & J
N. Y. A Harlem—7s, reg. 1900 M A N 122%b. 120% Jan.
104% Feb.
2d, 5s................................. 1913 M & 8
R. W. A Ogd.—Con., 5 s ..1922 A A O 114% 112% Jan.
85 Feb.
Cent. Ga.~S A W. 1st con.5s,’ 29
117% Mar. N. Y. Chic. A St. L.—4 g ...l9 3 7 A A O 97 b. 95 Jan.
Central of N. J.—Cons.,7s.1899 Q—J
123% Mar. N. Y. Elevated—7s..............1906 J A J 113 b. 112 Jan.
Consol., 7s....................... 1902 M A N
N.Y. Lack. A W.—1st, 6 s ..1921 J A J 127 b. 125 Jan.
112% Feb.
J
&
J
General mortgage, 5 g ..l9 8 7
Construction, 5s..............1923 F A A 109%b. 110 Jan.
111% Feb.
Leh. &W. B., con., 7 s, as’d. 19 00 Q—M
134% Mar.
M AS
N.Y.L.E.AW.—lst,con.,7g.l920
M
A
N
101%
Mar.
do. m ortga gees........ 1912
Long Dock, 7s............ 1893 J A D 105%b. 104% Jan.
108 Feb.
Am. Bock A Imp., 5s___1921 J A J '
A
A
O
119%
Jan.
Consol.,
6
g
....................
1935
J
A
J
I l l Mar.
Central Pacific—G old,6s..1898
2d consol., 6 g ................. 1969 J A D 107% 106% Jan.
119 Feb.
Ofies. & Ohio—Mort., 6 g..l9 1 1 A A O
110%b.
M
A
S
111
Mar.
M
&
N
:
N. Y. Ont. A W.—1st, 6 g..l9 1 4
106 Jan.
1st consol.,5 g ................. 1939
Consol. 1st, 5 g ............... 1939 J A D 104% 100 Jan.
78 Jan.
R.&A.Div.,1st con.,2-4 g. 1989 J & J
104
b.
A
J
103
Jan.
79% Mar. N.Y.Sus. A W —1st ref., 5 g.1937
do 2d con. , 4 g . . . 1989 J & J
A O 118%b. 116% Jan.
Midland of N. J., 6 g ___1910
123% Feb.
Chic. Burl. & Q.—Con., 78.1903 J & j :
A J
95 Jan.
Norf. A W.—100-year, 5 g.1990
103% Jan.
Debenture, 5s.................. 1913 m a n :
A J 92%
91 Feb.
Md.
AWash.
D
iv.-lst,5
g.1941
M
&
s
:
114
Jan.
Convertible 5s................. 1903
A J 117% 115 Jan.
North.Pac.—1st, coup., 6g. 1921
91% Feb.
Denver Division, 4s.......1922 F & A
115%b.
112%
Jan.
A
O
M
&
N
General,
2d,
coup.,
6
g
..l9
3
3
91%
Feb.
Nebraska Extension, 4 s.1927
A D 109 %b. 107% Jan.
General, 3d, coup., 6 g ..l9 3 7
115 Feb.
Chic. & E. 111.—1st,s.f.,6s.1907 J & d :
79%
A
D
A
&
O
77%
Jan.
122%
Jan.
Consol,
mort.,
5
g
...........1989
Consol., 6 g ....................... 1934
A O 81%
78% Jan.
102% Mar.
Chic. A N.P.—1st, 5 g ...l9 4 0
General consol. 1st, 5 s ..1937 m •&n :
100 Mar.
102% Mar. North. Pac. A Mon.—6 g ...l9 3 8 M A S 100
Chicago &Erie—1st, 4-5 g.1982 M a n :
North. Pac. Ter. Co.—6 g ..l9 3 3 J A J 107% 105 Jan.
53% Feb.
Income, 5s....................... 1982 Oct’b’r
Ohio A Miss.—Cons. s.f.,7s. 1898 J A J 112 b. I l l Jan.
91 Feb.
Chic. Gas L. &C.—1st, 5 g. 1937 J & J
Consol., 7s......................1898 J A J 112 b. 110 Mar.
128% Mar.
Chic. Mil. A St. P.—Con. 7s. 1905 J & J :
Ohio
Southern—1st, 6 g ...l9 2 1 J A D 111 b 106 Jan.
J
A
J
:
115 Mar.
1st, Southwest Div., 6s.1909
62 Jan.
General mort., 4 g .........1921 M A N 65%
116 Feb.
1st, So. Min. Div., 6s___1910 J & J !
Omaha
A St. Louis—4 g ..1937 J A J 57 b.
J
&
J
:
108% Mar.
1st,Ch.&Pac.W.Div., 5s.1921
Oregon Imp. Co. -I s t ,6 g .l9 1 0 J A DT03% 101% Jan.
102% Feb.
Chic. AMo.Riv. Div., 5s. 1926 J & j ]
Consol., 5 g .................... 1939 A A O ............ 65% Jan.
105% Feb.
Wis. & Minn. Div., 5 g.,1921 J & j :
105 % Mar. Ore.R.ANav Co.—1st, 6 g .1909 J A J 111 a. 109% Jan.
Terminal, 5 g .................. 1914 j & J ;
Consol., 5 g ......................1925 J A D 90 b. 94 Jan.
89 Feb.
Gen. M., 4 g., series A .. .1989 J & j
Pa. Co.—4% g., coupon___1921 J A J 106%b. 105% Jan.
114 Feb.
Mil. A Nor.—1st, con., 68.1913 J & D j
108 Mar.
Peo. Dec. AEvansv.—6 g ..l9 2 0 J A J
140 Jan.
Chic. A N.W.—Consol., 7s. .1915 Q - F :
Evansville Div., 6 g .... 1920 M & S 103 b.|102 Mar.
126 Mar.
Coupon, gold, 7s..............1902 J & D ]
2d m ort.,fig...................1926 M A N 71 b.l 69% Jan.
118 Jan.
Sinking fund, 6s..............1929 A & o :
83% Jan.
Phila. A Read.—Gen., 4 g.1958 J & J 86
109% Feb.
Sinking fund, 5s..............1929 A & O !
75 b. 69% Feb.
1st pref. income, 5 g ......1958 Feb.
107% Feb.
Sinking fund debeny 5s.1933 M A N j
65%
Feb.
53% Feb.
......1958
2d
pref.
income,
5
g
106
Feb.
25-year debenture, 5 ___ 1909 m a n :
56%
37 Jan.
3d pref. income, 5 g ......1958 Feb.
100% Jan.
Extension, 4s.................. 1926 F & A .
82%
J
&
J
80%
Jan.
Pittsburg
A
Western—4
g.1917
M
&
S
99%
Feb.
Chic. Peo. & St. Louis—5 g.1928
107 Mar.
Rich A Danv.—Con., 6 g.,1915 J & J 107
124 Fe%.
Chic. R.I. & Pac.—6s, coup. 1917 J & J ]
82
A
&
O
82
Jan.
Consol.,
5
g
......................
1936
J
&
J
]
103
Feb.
Extension and col.,5 s...1934
91 Jan.
Rich.AW.P.Ter.-Trust,6g.l897 F & A 96%
98% Feb.
30-year debent. 5s..........1931 M & S
67%
M
A
S
59%
Mar.
Con.
1st
A
col.
trust,
5
g.1914
105 % Feb.
Chic. St.L.APitt.-Con.,5g. 1932 A & O .
76% Jan.
121% Mar. Rio G. Western—1st, 4 g ..l9 3 9 J A J 79
Chic. St. P. M. AO.—6 s .... 1930 J A D 1
99
b.
M
A
N
95
Jan.
93% Mar. St. Jo. A Gr. Island—6 g.,1925
Cleveland & Canton—5 . . .1917 J & J
St. L. Alt. AT. H.—1st,7s.1894 J A J 107% 107% Mar.
130 Jan.
C. C. C. & I.—Consol., 7 g.1914 J& D i
121% Mar. St. L. A lronM t.—Is t7 s ...l8 9 2 F A A 101%b. 101 Feb.
General consol., 6 s .......1934 J & J 1
2d, 7 g .............................. 1897iM A N 109%b. 108 Jan.
- 83. Feb.
C.C.C.ASt.L.—Peo.&E.4s. 1940 A & O
Cairo Ark. A Texas, 7 g . .18971J A D 108%b. 105 Jan.
34% Feb.
Income, 4s....................... 1990 April.
35 Feb.
Gen. R’y A land gr., 5 g..l9 3 1 A A O 86
103% Jan.
Col. Coal & Iron—6 g ........ 1900 F & A 1
St.L. ASanFr.—6 g.,Cl.B.1906 M A N 114 b. 112 Jan.
74 Jan.
Col. Midland—Con.,4 g..,1940 F & A
6 g., Class C....................1906 M A N 114 b. 112 Jan.
92% Feb.
Col.H.Val.ATol —Con.,5 g. 1931 M & S
General mort., 6 g . . .......1931 J A J 108 %b. 106% Jan.
97 Mar.
General, 6 g ......................1904 J & D
70% Feb.
117% Mar. St.L. So.West.—1st, 4 s,g .. 1989 M A N 72
Denver A Rio G.—1st, 7 g.1900 M A N I
32% Feb.
2d, 4s, g., incom e........... 1989 J A J 34
A J
81% Mar.
1st consol.,4 g ................. 1936
116%
Jan.
118
S.P.M.AM.—Dak.
Ex.,
6
g.1910
M
A
N
&
J
.
80 Feb.
Det.B. City & Alpena—6 g.1913
A J 119 b. 118% Jan.
1st consol., 6 g ............... 1933!
42% Jan.
& O
Det. Mac .&M.—L’d grants. 1911
99
b.
97
Jan.
A
J
do
reduced
t
o
4
%
g
...
& O
100% Mar.
Dul. & Iron Range—5s___1937
A D 89 a. 87% Jan.
Montana Extension, 4 g.1937
A J
96% Jan.
Dul. So. Sh. & A t l—5 g . .. .1937
65
b.
A
J
65%
Feb.
San
A.
A
Aran.
P.—1st,6
g
.1916
100 Feb.
E.Tenn.V &G.—Con., 5 g. 1956 M & N
A J 66 %b. 61 Jan.
1st, 6 g ............................ 1926
108 Jan.
Knoxville A Ohio, 6 g.,.1925 J & J
94
a.
F
A
A
92
Feb.
Seattle
L.S.AE.—lst,gu.
6.1931
92 Jan.
Eliz. Lex. & Big San.—6 g.1902 M A S
108%b. 107% Jan.
So. Car.—1st, 6 g.,ex coup.1920
102 Jan.
Ft. W. A Denv. City—6 g.,1921 J & D i
16
Feb.
17%b.
Income, 6s........................ 1931
97% Feb.
Gal.H.ASan An.-W.Div.lst,5 g. M & N
101 Feb.
So. Pac., Ariz.—6 g ...... 1909-10 J A J 105
118% Feb.
Han. A St. Jo*.—Cons., 6s.1911 M & S 1
112% Jan.
So. Pacific, Cal.—6 g__ 1905-12 A A O
102% Feb.
Illinois Central—4 g .......... 1952 A & O 1
99% Mar.
1st, consol., gold, 5 g ___1938 A A O 101
129 Mar.
Int. A Gt. No.—1st, 6 g___1919 M & N 1
So. Pacific, N. M.—6 g ........ 1911 J A J 104 b. 101% Jan.
82 Jan.
Coupon, 6 g., trust reo..l909 M & S .
89 Feb.
A
A
O
95%
Tenn.C.
I.
ARy.—Ten.D.,
1st,
6g
J
&
D
96
Feb.
Iowa Central—1st, 5 g .......1938
Birm. Div., 6 g .................1917 J A J 94 b. 91 Jan.
84% Mar;
Kentucky Central—4 g ___1987 J & J
J
A
D
84
77%
Feb.
Tex.
A
Pac.—1st,
5
g
..........
2000
J
&
J
100 Jan.
Kings Co. El.—1st. 5 g ___1925
27 Feb.
2d, income, 5 g ................ 2000 March 33%
84% Jan.
Laclede Gas—1st, 5 g ........ 1919 Q - F
100%
Jan.
M
A
N
Tol.
A.
A.
A
N.
M.—6
g
.......1924
& J 1
I l l Feb.
Lake Erie & West.—5 g ___1937
A J 110 b. 110 Mar.
122 Mar. Tol.A. A. A G r.Tr.—6 g ....l9 2 1
L. Shore—Con. cp., 1st, 7s.1900 J & J 1
A J 105 b. 102% Jan.
Tol. A Ohio Cent.—5 g .......1935
123% Feb.
Consol, coup., 2d, 7s.......1903 J & D 1
77 Jan.
A J 79%
Tol. Peo. A West.—4 g .......1917
Long Isl’d—1st, con., 5 g.,1931 Q - J 1
115 Feb.
91 Jan.
A
D 95%
94% Feb.. Tol. St. L. A Kan. C.—6 g ..l9 1 6
General mortgage, 4 g . . 1938 J & D
A J lll% b . 110% Jan.
Union Pacific—6 g .............. 1899
&O1
115 Feb.
Louis. A Nash.—Cons., 7s.1898
106
Mar.
106
b.
Sinking fund. 8s...............1893 M A S
& J 1
N.O. & Mob. 1st, 6 g .......1930
119 Feb.
Collat. trust 4%............... 1918|M A N 72 b. 70% Jan.
& J .
110 Jan.
do.
2d, 6 g ........ 1930
96%
95%
Jan.
Gold 6s, col. trust notes. 1894 F A A
General, 6 g ......................1930 A D .
116% Mar.
Kan. Pac.-Den. Div.-6 g,1899lM A N 109 b. 109 Feb.
& J
Unified, 4 g ......................1940
80% Jan.
1st consol., 6 g ............... 1919|M A N 111 b. 103% Jan.
&A
Nash. FJ.& Sh.—1st gtd.5 g ’37
101 Jan.
Oregon Short Line—6 g ..1922 F A A, 106% 105 Feb.
A J 1
111 Feb.
Louis. N.A. & Ch.—1st, 6s.1910
Or.S.L.AUt’hN.—Con.5 g.1919 A A O 82%a. 80% Jan.
Consol., 6 g ......................1916
& O1
103 Feb.
U.P.Den.A Gulf con. 5 g.1939 J A D[ 75 %b. 75% Feb.
A A
96% Jan.
Louis. St. L. ¿T exa s—6 g.1917
Union Elevated—6 g ........ 1937|M A N 113% 110 Jan.
& J 1
118% Feb.
Metro. Elevated—1st, 6 g. 1908
Virginia
Mid.—Gen. m.,5s, 1936 M A N 81 b. 78 Jan.
109 Feb.
2d,6s.................................1899 M & N 1
80% Jan.
do
stamped guar.'M A N
Mich. Cent.—1st, con., 7s.. 1902 M & N 1
123% Mar.
Wabash—1st,
5 g................. 19 3 9 M A N 104% 103% Jan.
107 Jan.
Consol., 5s ......................1902 M& N 1
79% Mar.
2d mortgage, 5 g ............1939.IF A A 81
Mil.LakeSh. AW.—1st,6 g .1921 M & N 1
125 Jan.
Debent. M., series B .......1939 J A J 43 %b. 42 Feb.
108% Jan.
Exten. & Imp., 5 g ........ 1929 F & A 1
101% Jan.
West Shore—Guar., 4s.......2361'J A J 103
81% Feb.
M. K. A T.—1st 4s, g ........ 1990 J & D
West. N. Y. A Pa.—1st, 5 g.1937; J A J 101 %b. 99 Jan.
54% Jan.
2d 4s, g ............................ 1990 F & A
32 Feb.
2d mort., 3g., 5sc............. 1927'A A O 33%
108% Feb.
Mo. Pacific—1st, con., 6 g.1920 M & N 1
100% Jan.
West. Un. Tel.—Col. tr., 5s. 1938 J A J
115 Jan.
3d,7s................................. 1906 M A N I
90 Mar.
Wis. Cent. Co.—1st, 5 g......1937iJ A J
100 Jan.
Pac. of Mo.—1st, ex., 4 g. 1938 F & A
Income, 5 g ...................... 19371............. 35 b i 36 Mar.
106 Feb.
2d extended 5 s ..........1938 J & J 1
Note—“ b ” indicates price bid ; “ a ” price ashed; the Range is made up from actual sales only.
*- Latest price this week.
NEW
YORK
.
H ighest
116% Feb.
67% Jan.
129 Feb.
106 Feb
103% Mar.
126 Mar.
110 Feb.
122% Feb.
115 Feb.
99 Feb.
114 Feb.
127 Jan.
110 Jan.
138% Feb.
305% Mar.
121 Feb.
107% Mar.
116 Jan;
104% Mar.
105 Feb.
119 Mar.
95 Jan.
95 Jan.
118% Mar.
116% Mar.
109% Mar.
80% Jan.
82 Feb.
103 Feb.
107% Mar.
112% Feb.
112% Feb.
110 Mar.
66% Feb.
104% Feb.
71% Jan.
111% Mar.
96 Feb,
107% Feb
110 Feb
108 Jan.
71 Feb.
90 Feb.
79 Feb.
72 Feb.
67 Feb.
84 Feb.
112 Jan.
85 Feb.
100 Feb,
72% Feb.
79% Mar.
100 Mar.
108% Jan.
104% Jan
109% Feb.
109 Mar.
86% Jan.
114% Mar.
113% Feb.
110 Jan.
72% Jan.
37% Jan.
118% Mar.
121 Jan.
99% Mar.
89% Mar.
66% Mar.
65% Feb,
95 % Feb.
108% Jan.
22 Jan.
105 Mar.
115% Feb.
101 Mar.
104% Mar.
95% Mar,
95% Mar.
84 Jan.
34% Mar.
104 Feb.
110 Mar.
106 Feb.
79% Mar.
97% Feb.
112% Feb.
110% Feb.
74% Jan.
100 Jan.
111 Feb.
111% Mar.
108 Jan.
83% Feb.
77% Jan.
113% Mar.
85 Feb.
87 Feb.
106 Feb.
85 Jan.
50 Jan.
101 Feb.
101 Feb.
35% Feb.
104 Feb.
93% Jan.
42% Jan.
STOCK EXCHANGE TRICES.—STATE BONDS M ARCH 1 8 .
SECURITIES.
Bid.
Bid. Ask.
SECURITIES.
SECURITIES.
Bid. Ask.
Alabama—Class A, 4 to 5 ....... 1906
103% New York—6s, loan................ 1893
........ S.C. (cont.)—Brown consol.6s.1893
Tennessee—6s, old........ 1892-1898
North Carolina—6s, old ........... JAJ
Class B, 5s..............................1906
Comi romise, 3-4-5-6s.........1912
10
Class C, 4 s..............................1906
New settlement, 6s..............1913 105
15
New bonds, j . A J . . . . 1892-1898
Currency funding 4s............ 1920
5 s ...................................
1913
Arkansas—6s,fund.Hol.1899-1900
3 s ..............................
1913 69%
do. Non-Holford 150
Virginia—6s, old................... ...........
7s. Arkansas Central R R ............
126
6s, consolidated bonds................
Louisiana—7s, cons................. 1914
6s
. ............................. 3.919
6s, consolidated, 2d series, rects
Rhode Island—6s, co u ..1893-1894 .....
85%
Stamped 4 s,..................................
" 3‘ V 6s, deferred, t’ st rec’ts, stamped
8%
South Carolina- 6s, non-fund. 1888
Missouri—Fund........1894-1895
Ask.
96
107
101%
70
.......... »
THE CHRONICLE.
474
[ V ol . LiV,
GENERAL QUOTATIONS OF STOCKS AND
BONDS.
notations in New York represent the per cent value, whatever the par may be; other quotations are frequently m ile p3r share,
he following abbreviations are often used, viz.: “ M.” for mortgage; “ g.” for gold; “ g’d,” for guaranteed; “ end.,’ ’ for endorsed: “ co n s.,"
for consolidated; “ conv.” for convertible; “ s. f.,” for sinking sund; “ 1. g.,” for land grant.
Quotations in New York are to Thursday; from other cities, to late mail dates.
Subscribers w ill confer a favor by givin g notice o f a n y error discovered in these Q u o ta tio n s.
?
United
states
B onds.
Bid.
Ask.
Cit y Securities .
Bid.
Ask.
Cit y Securities .
Bid.
Ask.
Boston, Mass.—Water6s,1906 .Var §124
N. Brunswick, N.J.—78,water, 1904
U N IT E D S T A T E S BON DS.
Water 5s, gold, 1906.......................Var§115
6s, 1906............................... ...V ar
2s, option U. S., reg............... Q—M 100
NewHav’n-Park,3%p.c.20.50s.J&J
Water 4s, 1 9 1 7 .................................Var§106
4s, 1907.......................... reg ... Q—J 116 116%
Water 3%s, 1 9 1 7 ............... A&O $ 99%
New Orleans, La.—Premium 5s ...
4s, 1 9 0 7 ..................... coup.. .Q—J 117 117%
3s......................................... A&O 91
Cons. 6s, 1923,ext. Grossman. J&J
6s, Currency, 1895.......reg___ J&J 109
B’klyn.N.Y.—B’ge7s,1915 24.J&J *155
5 s, 1934................................... J&D
6s, Currency, 1896.......reg....J& J 111
Park 6s, 1924................ ......J & J *148
N.Y. City—7s, 1900..................M&N
6s, Currency, 1897...... reg___ J&J 113
J&J
*122
Bridge
5s,
1919......................
6s,
1900.................................M&N
6s, Currency, 1898...... reg___ J&J 116
Bridge 4s, 1926 . . . . . . . . . . . . . . J&J *104
6s, gold, 1901..........................J&J
6s, Currency, 1899...... reg___ J&J 119
Water
3s,
1905.......................
J&J
5s,
1908..................................M&N
S T A T E S E C U R IT IE S .
5 s, gold, 1896........................M&N
1031* Buffalo, N.Y.—7s, 1924-5........ J&J §140
Alabama—Class “ A ,” 4 to 5 ,1 90 6 ..
Water 5s, 1898-9............................A&O§103
4s, 1906.................................. M&N
Class “ B,” 5s, 1906....................... 105 107
Water 4s, 1904..................M & S §100
3%s, 1904.........
M&N
92
Class “ C,” 4s, 19 0 6 .....................
Water 3%s, 1905...................J& J § 99
3s, 1907.................................. A&O
94% 961*
Currency funding 4s, 1920........
Water 3s, 1916..............
F&A § 96
Park, 2%s, 20-4s.................. M&N
5
15
Arkan.—6s, fund., ’99. Holford. J&J
98
Cambridge,Mass.-Water6s,’96. J&J § 108 109
160 185
Norfolk, Va.—6s, 1914............... Var
6s, fund., non-Holford.......J&J
City 6s, 1904...........................J&J §121 123
3
8s, Water, 1901.....................M&N 125 126%
10
7s, L. R. &Ft. 8.issue,1900. A & O
Water 3%s, 1 9 1 1 .................... Var § 99 ICO
3
5s, 1 9 1 6 .................................. A&O
10
7s, Memphis & L .R ., 1899. A & O
Camden, N. J.—7s. 1 9 0 3 ..........J&J
i l 5”
3
Norwioh, Ct.—5s, 1907.............A&O
10
7s,L .R .P .B .& N . O., 1900.A & O
Charleston, 8. C.—Conv.7s,’97.A&0
3
10
Omaha, Neb.—Paving 5s, 1905 —
7s,Miss.O. & R .R iv.,1900.A & O
103%
Cony.
4s,
1909...............
J&J
1
10
5s.
1912...........................................
111
7s, Ark. CentralRR.,1900.A & O
Chicago, 111.—7s, 1899
Connect! o'trNew,rg. ,3 %a,1903. J&J $100
Orange, N. J.—7s, long.....................
7s, 1895.....................
New, reg. or coup., 3s, 1 9 1 0 ....... $100
Paterson,N. J.—7s, 1900 ...............
118*'
4%s, 1900..................
111
Diet. Col.—Cons.3-65s,1924, op.F&A *110 115
6s, 1901...........................................
3 -6 5 8 ,1 9 0 2 ............
100 %
Funding 5s, 1899.................... J&J *104
4s, 1908...........................................
4s, 1911....................
Petersburg, Va.—6s, lon g......J & J
Wash.—Fund.loan(Cong.)6s,g.,’92 *1001*
Cook Co. 4*28,1900
Philadelphia, Pa.—6s,1 8 9 6.... J&J
Fond. loan(Leg.)6s,g., 1902Var 116
West Chicago 5s, 1899
102
Market stock, 7s, 1892................ 100%
6s, 1904-5-6..............................J&J
Lincoln Park 7s, 1895..................
Pittsburg, Pa.—5s, 1913.......... J&J
Water stock, 7s, 1901................... 122
Cincinnati, O.—7*30s, 1902 ...J& J
7s, 1912..................................... Var
do
7s, 1903................... 123
7s, 1908.................................... Var
Florida—Consol, gold 6 s .......J & J §108
4s, 1915...................................J&D
6s, gold, 1906....................... M&N
Georgia—4%s, 1915.................. J&J l i d * 113
6s, Consol., 1904 r e g ..............J&J
4s, 1905.............................. ...V ar
122
Portland,Me.—6s, RR. Aid,1907M&S
3i*s, 1917 to 1936.................J&J 98
4 s, 30-50s, sink, fund, 1931. J&J
4s, funded, 1912...................J&J
Indiana—Tem’y loan, 31*8,1895...
5s, 30-508, sink, fund,1930. M&N
• Refunding, 8%s, 1895;................
Portland, Ore.—Gold 6S.1920.M&N
Hamilton County 4s. 1937...........
103
State House, 3 %s, 1895...............
Portsmouth, N.H.—6s, ’93,RR. J&J
Cleveland, O.—7sf 1894..........A&O
Poughkeepsie. N. Y.—7s,water long
Temporary loan, 3s, 1899............
6s, 1900.................................. M&S
i'ii*
Temporary int. loan, 8s, 1894....
Providence, R.I.—5s,g.,1900...J&J
5s, 1907.................................. J&D
118
6s, gold, 1900, water loan..J & J
Temporary int. loan, 3s, 1892...
Fundecldebt 4s, April, 1902.J&J
106
Temporary int. loan, 3s, 1893.
4%s, 1899...............................J&D
Columbus, Ga.—7 s ....................Var
100
School fund refunding, 3s, 1909.
3%s, gold, 1916..................... M&8
5g
•Temporary loan, 3s, 1899............
Quincy III.—6s, 1898-----......J & J
Covington. Ky.—*4s,i*9*27,new.j&J
Louisiana—Consol. 7s,. 1914. ..J&J 105
Rahway, N. J.—Old 7s.......
85**
5s, 1920.................................. F&A
80
Stamped 4 per cent, 1914___J&J
New adjustment, 4s........
8s, 1899................
.......J & J
Maine—New 3s. 1899 1 9 2 9.... J&D §100
Reading, Pa.—4s. 1920............ A&O
97
Dallas, Tex.—5s, St. Tmp’m’ t, 1928.
Maryland—3s, gold, 1900........ J&J
Richmond, Va.—6s, 1914........ J&J
5s, water, 1920..................
8-65s, 1899..............................J&J
8s, 1909....................................J&J
104
Dayton, O.—5s, 1895—1906
5s, 1921 & 1922...................... J&J
Massachusetts-^, gold, 1894.. J&J
Denver.Col.—Pub. im.4s,1904.M&S
108
6s, gold, 1897......................... M&S
4s, 1920................................... .......
Duluth, Minn.—4s, 1920....... ..J&J
Minnesota—Adj. 4%s, 1912,10-30.
Roohester, N. ST.—7s, Water,1903..
Detroit, Mich.—7 s, 1894..........F&A
Missouri- lsyl’morUniv’ty,’ 92.J&J
4s, 1912.................................. F&A
6s, W. L., 1 9 0 6 ..,.................. J&D
Fund. 6s, 1894-95.................. J&J 105
St. Joseph,Mo.—6s, 1903 .....F & A
31*8,1911............................... J&D
Comp’mise 4s, 1901 ......... F&A
Funding 3%, 5-20s, 1906-8 ..J&J
Erie, Pa.—Consol. 7s, 1894__ J&J
New Hampshire—6s, 1894___J & J 104% 106
St. Louis, Mo.—6s, 1899..........Var
Elizabeth, N. J.—New 4s,1922. J&J 82
85
War loan, 6s, 1905............... J & J 125 127
6s, gold, 1894...................
Evansville, ind., comprom. 4s, 1912 80
New York—Ss, gold, 1893___A& O 103
5s, 1900............................
Fitchburg, Mass.—6s.’05,W.L. .J&J § 122 123*
No.Carolina—6s, old, 1886-’ 98.J&J 30
4s, 1905............................
Galveston, Tex.-8s,1893-1909.M&S 100 102
6s N. C. R R „ 1883-5.........J & J
3‘65s, 1907.....................
5s, 1920...................................J&D 100 102
6s
do
7 coupons off ...A&O
St. L. Co.—68,1905.................A&O
Gr’nd Rapids, Mich.—5s, 1904. J&J
6s, fun ding act of 18 6 6,1900.J&J 10
St. Paul, Minn.—4s, 1912..
20
Water, 8s, 1895 ..................... J&D
6s, new bonds, 1892-8............J&J
4%s, 1916.........................
2
7
Harrisburg, Pa.—6s, 1895 .......J&J
6s, Chatham R R .................... A&O
5s. 1915............................
2
7
Water 6s, 1903....................... J&J
6s, special tax,class 1,1898-9A&C
6s, 1904............................
5
111
Trust certificates.................
Hartford, Conn.—6s, 1897.......J&J
7s, 1 8 9 8 ..........................
97
Towns, 3s, 1909...........................
San Antonio, Tex.—6s, 1909-19J&J
98%
4s, new, cons , 1910............J & J
Hoboken, N. J .-7 s , 1892.......A&O
6 8 ,1 9 1 9 .......... .......... . ....A &O 124 127
Savannah—F'd 5s, cons,i9Ö9 -Q—F
Improvement 6s, 1898........ J&D
North Dakota bonds, f ’ded 4sJ&J. § ........
Scranton, Pa.—4s, 1893 1910.F&A
do
5s, 1901........M&N
Penn.—5s, new,reg.,’92-1902..F&A
Houston, Tex.—6 s ......... ......... .......
Sioux City, Iowa—4%s, 1899
4s,reg., 1912....................... F & A 1181*
Spokane Fails, Wash.—6 s ,...
Compromise 5s, 1918....................
Rhode Isl’ d—6s, 1893-4, coup.J&J 102
Springfield, Mass.—6s, 1905..A&O 122%
2
2i* Indianapolis, Ind.--“ D” 7-3,’ 99. J&J
B >uth Carolina—6a,Non-fund.,1888
7s, 1903, water loan............ A&O 123%
6s. 1897................................... J&J
Brown consols, 6s, 1893 ....J& J 94
122
Springfield, 0 .- 5 s , 1907........ M&N
Jersey City—7s, 1905............... Var
■ Blue consols. 4%s, 1928.......J&J
109
Water 6s, 1904.......................J&J
Toledo, O.—7-30s, RR., 1900.M & N 116%
South Dakota 4%s, 1897......... .......
62
Water 5s, 1 9 1 6 ...................A&O
8s, 1893-94...............................Var 103%
Tennessee—6s, unfunded..........J&J
105%
Water assess.,5s, 1916........ A&O
105%
Compromise, 3-4-5-6s,1912.. J&J 72
6s, 1899.................................... Var 107%
Hudson County 5s, 19 0 5.... M&S
58,1911...................................A&O 105
Settlement, 6s, 1913...............J&J 106 107
93%
Hudson County 7s, 1 8 9 4 ....J&D
4s, 1913..................
Var.
Settlement, 5s, 1913...............J&J 98 102
Trenton, N. J .-4 s . 1911..........J&J
Settlement, 3s, 1913...............J&J 691* 70
Bayonne City, 7s, long.......... J&J
Worcester, Mass.—6s, 1892... A&O
Kansas City, Mo.—7s, 1898.. M&N ____
Texas—7s, gold, 1904............... J&J 133 137
4s, 1910.........................
A&O §100^* lOl^a
5s, 1905...................................A&O
Virginia—6s, old, 1886-’9 5 ...J & J
4s, 1905...................................A&O
Knoxville, Tenn., 5s, 1921............. 103% 104
6s, new bonds, 1866.......... J & J
3%s, 1905................................ J&D
43
6s, consols, 1905. ex-coup___J&J
Lawrence,Mass.—6s, 1900 ...A&O §115% 117
R A I L R O A D B O N D S.
Leavenworth, Kan.—4s, 1914 .J&J ........
6s, consol., 2d series............... J&J
(Bonds o f companies consol’ted are
Long Island City, N.Y—Water,7s... ----- 103
6s, deferred bonds..........................
8
Los Angeles, Cal.—7s........................ §102** 110 generally under the consol’d name.)
Do trust receipts......................
Ala.Gt. Southern—1st,6s,1908J&J e ll2 115
Tax-rec’vable coups.,from cons’ls 71%
Louisville, K y.—7s, 1903.......... Var
Debenture 6s, gold, 1906.. .F&A el03 105
Do
from 10-40s. 70
6s, 1897............
Var
98
Gen’l mort. 5s, 1927............. J&D e 96
New 3s (Riddleberger), 1932. J & J 71% 72%
20-40S, 5s, 1920.................... M&N
88
89%
Ala. Midland—1st, gua. 6s, 1928...
99
10-40s,cp.& reg.,3 to5,1919.J&J 33
4s, 1923.........................
J&J
94
Ala. N. O. T. &o. 1st deb. 6s, 1907. e 93
32
104
Consol, coupon, new....................
Lowell 4s, 1903.........................A&O
43
2d debent. 6s, 1 9 0 7 .............J&D e 41
25
30
110
Lynchburg, Va.—6s, 1901-4...J&J
do
non-fundable..
95
Ala.&Vicksh.—Cons. 5s,1921.A&0 92
105
Lynn, Mass.-Waterloan,6s,’94.J&J
C IT Y S E C U R IT IE S .
Vloksb.&Mer. —1st,6s, 1921. A&O 99 102
115
Albany, N.Y.—6s, 1915-1919*M&N
...M&N
5s, 1905............
2d, consol. 5s............................—.
4s, 1920 to 1930..................M&N
Macon Ga.—6s, 1909.......................
i*19* 41b’y & Susq.—Cons. 7 s, 1906, guar 130 132
Allegheny, Pa.—5s, ep., ’ 87-97.Var.
Manchester, N. H.—6s, 1902..J&J.
Consol, mort.,6s,1906, guar.A&C 121
104
103
41*8, coup., 1 9 0 0 ................V a r .
4s, 1911.....................................
106% Allegh. Val.—Gen. M., 7 3-10s. J&J 109% 110%
IIAllegheny Co.,5s, cp., 1913.J&J 101 103
Memphis, Tenn.—Comp. 6s, 1907..
1st mort., 7s, 1 9 1 0 ............. A&O 124
103%
4S. Court House, 1908, reg..J&J 103 105
Tax Dist., 6s, 1913.................J&J
Inoome, 7s, end., 1894....... A&O
106%
3-8s, refunded, 1895, reg.. ..J&J 100
Tax Dist., 6s, 1 9 1 5 ............. J&J
Atlanta, 6a.—Water 7s, 1904..J&J 112 117
Middletown, Conn.—3-65,1900
Atoh.T. &S. Fe—new 4s, 1989, J&J 82% 82%
6s, 1895-6......................... ....J& J 103 1081* Minneapolis, Minn.—8s, 1892. J&D
61% 61%
New incomes, 1989............
5s, 1914-15.................
J&J 102 1051* 7s, 1901.......
J&J §121 122
4*26,1916...............................J&J 100 104
105%
4%jS, 1912-15............... ..................§105
1*06
Augusta, Me.—6s, 1905, Fund .J&J §118 120
99% 99%
4s, 1915-17.....................................
119 121
1st, 7s, 1907.
Milwaukee,Wis.—Water7s,’02.J&J
103
Augusta, Ga.—6s, 1905............J&J 106 110
101
1031*
Baltimore—6s, bounty, 1893.M& 8
Water 4s, 1906-7....................J&J 98 102
§ 98 102
5s, water, 1 8 9 4 .............. ...M&N Ì04% 106
91
Mobile, Ala.—4-5s, f’ ded, 1906. J&J 87
105%
118
6s, 1900...................................Q—J
Montgomery, Ala.—6 s .................... 104
......
6s, West. Md. RR., 1 9 0 2 .... J&J 1181* 120
5s, new................................
100
71*2
72%
.......................M&N
6s, 1916.........i
126 128
Nashville, Tenn.—6s, 1900.......J&J
4s, 1920..................................Q—J 108 110
4s, 1910.........................................
12
12%
3%S,1 9 2 8 ................! ............ J&J 1011* 102
Newark—4s, 1908 ....................A&O 99
12
Cent.Div.—Inc.,6s,non-cu., 1922
Bangor, Me.—Water,6s, 1905. J&J >119 121
4%js, 1 9 1 8 .................................§104%;
12
Land gr. incomes, cam., 1901..
E. & N. A. RR. 6s, 1 8 9 4 .......J&J >103% 105
5s, 1909........................................... §108
100% 101%
Bath, M e —6s, 1902...................Var >104 106
6s, 1910.....................................Var §122
117
4^*8,1907................................ J&J 100 102
7s, Aqueduct, 1905..................Var §124
108% ......
Belfast, Me.—6s,railroad aid,’98.. >1061* 108
New Bedford,Mass.—6s,1909.A&O §128 130
111%
Birmingham, Ala.—5 g., 1920 A&O
3%s, 1910...............................J&O § 99 101
* Price nominal.
§ Purchaser also nays accrued interest
f Coupons on since 1869
Subject to call.
e la London.
THE
March 19, 1892,]
CHRONICLE
475
O E N 'S R ^ L
QU O TA TIO N 'S OP STO O LS AN"D BOM DS — C o n t in u e d .
For E x p la n ation s See Notes at H ea d o f F irst P age o f Q uotations*
R a il r o a d B onds .
Bid.
Ask.
R a il r o a d B onds .
Bid. Ask.
R a il r o a d B on ds .
Bid. Ask.
Cleve. & Canton—1st, 5s. 1917. J&J 90
92
Chic. B .& Q —Cons., 7s, 1903.-J&J 123 124
Baltimore & Ohio—(Continued)—
C.C.C.&St.L.—C. Div., 4s, 1939J&J 89
5s. s.f., 1901...........................A&O 104%
Schuylkill Riv. East Side 5s, 1935 108% 109
St.
L.
div.
1st,col.
tr.
4s,
’
90.M&N
90
103%
5s, debenture, 1913..............M&N
Sterling, 6s, 1915...........
M&S el03 105
Cinn.San.& Clev.—6s, 1900.-F&A § ......
Iowa Div. S. F.5s, 1919---- .A&O 10*5"
Sterling, 6s, g., 1902............. M&S el 10 112
Consol. 5s, 1928.................. J&J 107%
94%
Iow aD iv.,4s, 1919.. .......A & O
Sterling, 6s, g., 1910. ......M & N e ll9 121
81% 82
Peo.
& East. cons. 4 s f1940..........
91%
..F&A
Denver
Div.,
4s,
1922.......
Sterling, 5s, 1927...................J&D el 05 108
31
Income 4s, 1990........................
33
87%
4s, plain bonds, 1921............M&8 87
Sterling, 4J«s, 1933..............A&O el07 109
116
Clev.Col.Cin.&
In.—1st
7s,’99.M&N
8
8
%
8
8
%
Neb. Ext., 4s, 1 9 2 7 ..............M&N
Equ.Tr. ser.B,1891to 1900-M&N
Consol, mort., 7s, 1914........ J&D 130
Plain, 7s, 1896........
J&J §106% 106%
Mon.Riv.—1 st gu.g.5s,1919.F& A
Cons. S. F., 7s, 1914............... J&J
-rtrn
Bonds, 5s, 1 8 9 5 .................... J&D § 100% 101
Cen. O.-Cons. lst,4i«s, 1930 .M&S 100
Gen. con. 6s, 1934................. J&J 119%
Convert, deb. 5s, 1 9 0 3 ......M&8 109% 110
Balt.& O. 8.W.—Cin.&Balt.7s,1900 110
Belief.
&
Ind.
M.,
7s,
1899...J&J
103%
103%
Bur. & Mo. R., I’d M., 7s,’93.A&0
New 4i«8, guar., 1990............J&J 104%
Bur. & Mo. (Neb.) ,lst,6s,1918. J&J 116 116% Cleve. & Mah.Val.—G. 5s, 1938J&J 105
71 ___ _
1st pref. income 5s.......................
Cle. & Pitts.—Con.s.f.,7s,1900M&N 122% 123
Cons, 6s, non-ex., 19 1 8..-.J&J 107% 108
32
29
2d do
do
.......................
Gen. gu. 4%s, g., “ A,” 1942.J&J 109
4s, (Neb.), 1 910................... J&J 87% 89
9%
9%
3d do
do
.......................
Colorado Mid.—1st, 6s, 1936.. J&D 110 112
108
109
Neb. RR, 1st, 7s, 1896.......A&O
Balt. & Pot’o—1st, 6s,g.,1911A& 0 el25 130
70%
Consol, gold,4s............... — 1940 70
112
%
112
Om.
&
S.
W.,
1st,
8s,
1896.J&D
128
el
23
1st, tunnel, 6s. g., g’d, 1911. J&J
Columbia & Gr.—1st, 6s, 1916. J&J 90 105
Ott. Osw. & Fox R., 8s, 1900. J&J 121 123
102
Beech Creek—1st,g’ld, 4s,1936,J&J
76
2d
mort.,
6s.
1923.................
A&O
123
122
Atch’n
&
N
eb
—1st,7s,1908
M&S
111%
112
Belyidere Del.—1st,6s,c,1902. J&I)
93% 94%
Col.& C.Mid.—1st,4%s, 1939..J&J
Repub. Yal., 1st, 6s, 1 9 1 9 ...J&J 105% 106
Cons. 4s, 1927........
F&A
88%
Colum.
Hook.V.
&
T
.-Con.5s,1931
88%
115
Chic.
&
Eastlll.—1st
mort.
6s,
1907
Boston & Albany—
96
97
Gen. 6s gold, 1904................ J&D
123
1st,con., 6s, gold, 1934 . . . . A&O
6s. 1895.................................... J&J $106 107
§105
108
Col.
&Hook.V.—lstM.,7s,’97.
A&O
102
%
Gen.
con.,
1st,
5s,
1937.......M&N
Boston & Lowell—7s, 1892. ..A&O 100 100 %
Col. & Toledo—ls t7 s ,1905..F&A §114 117
99% 100
6s, 1896.................................. .J&J 106 106% Ch.&I.CoalR’y, 1st5s, 1936.. J&J 105
,„w
do
2d mort., 1900. M&8 §100
110 %
Chic. & Gr. Trunk—1st, 6s., 1900-5s, 1899................................... J&J 106 107
Ohio&W.Va.,lst,s.f.,7s,l9iOM&N §113 117
Chic.
Mil.
&
St.
Paul—
100
100%
is , 1905-6-7............................ Yar.
85
90
Col.Shaw.
&
H
’k.—1st
5s,1940.J&J
118
118%
M.&St.P.lSt, 8s, P.D.,1898. F&A
4%s, 1903..............................M&N 104% 1051«
105
Col. & Western, 1st, 6s, 1911...J&J £
P. D., 2d M., 7 3-10s, 1898..F&A 122%
Boston & Maine—7s, 1893.......J&J 1011« 102
Con.
&Mon.—B
.
0.
&
M.—Con.
7s,’
93
130
7s, 1894....................................J&J 1031« 1041« R.D., 1st, $, gold, 7s, 1902 ..J&J 127 123
Consol, mort., 6s, 1893....A&O i
La. C., 1st M., 7s, 1893.......... J&J
Improvement 4s, 905........ F&A 100 101
Improvement 6s, 1911------J&J §113% 114
I. & M., 1st M., 7s, 1897........ J&J 122 %
Do
4s, 937........ F&A 1001« 102
Conn. & Passump.—M .,7s,’ 93.A&0 §101% 102
I’ a. & Dak., 1st M., 7s, 1899. J&J 124 126
Bost. & Providence—7s, 1893.J&J 1 0 1 »4 1021«
Connecting
(Phila.)—1st, 6s ..M&8
Chic. & Mil., 1st M.,7s, 1903.J&J 126% 127%
48,1918................................... J&J 1011« 103
95%
Consol.RR.of Vt., 1st, 5s, 1913. J&J § 95
...J& J 126 128
Consol., 7s, 1905......
Bost. Revere & Lynn—6s,’97. .J&J 1071« 1C9
Dayton&Mich.—Con. 5s,1911.J&J §107 107%
1st M., I. & D. Ext., 7s, 1908J&J 126 128
Bradford Bord. & K.—1st, 6s, 1932
__w
§120
Dayton
&
Union—1st,
7s,
1909J&D
115
1st
M.,6s,
S’thwest
Div.l909J&J
Bradf.Eld.& Cuba—lst,6s,1932J&J
Dayt.& West.—1stM.,6s, 1905.J&J §113 113%
1st M., 5s. La C. & Dav.l919J&J Ï03“
Brooklyn Ele.—1st, 6s, 1924..A&O 116
1st mort., 7s, 1905.................J&J §122
116%
So. Minn. 1st 6s, 1910............J&J
2d mortg, 5s, 1915.................J&J 87
Delaware—Mort., 6s,guar.,’95. J&J
127
Hast. &Dak.Ex.lst,7s, 1910. J&J
......
Union El.—1st, 6s, 1937....M&N 113
Del.
& Bound B’k—lst,7s,1905F&A 127
101
do
5s,
1910............J&J
Brunsw. & W.—1st,4s, g.,1938.J&J
Del.&Hud.—Coupon 7s, 1894. A&O 110% 110%
Chic. & Pao. Div. 6s, 1910 . . . J&J 117% 120
Buff Brad.& P.—Gen.M.7s,’96. J&J 10*2"
1st, M., Pa.Div.,7s, 1917....M &8 139 143
do West. Div., 5s, 1921. J&J 107%
Bufi.N.Y.&Erie—1st, 7s, 1916. J&D 1341«
Chic. & Mo. Riv. 5s, 1926___J&J 101 % 102 % Del.L. & W.—Convert. 7s, ’ 92.. J&D
Buff.Roch. & Pittsb.—Gen.5s, 1937 99 101
131%
Mort.
7s, 1907......................M&S
1
0
2
%
Mineral Pt. Div., 5s, 1 9 1 0...J&J
Roch. & P., 1st, 6s, 1921....F& A 117
Den. City Cable 1st 6s, 1908..J&J 99 100
Consol., 1st 6s, 1922..........J&D 116 1171« Chic. & L. Sup. Div., 5s, 1921J&o 101
81%
Den.
&
R.
G.—1st
con.
4s,
1936.J&J
Wis. & Minn. Div., 5 b, 1921...J&J 105 106
Buff& Southwest.—6s, 1908.. J.&J 105
1st 7s, gold ,1900...........
M&N 117% 118
Burl. C. R. & N.—lst,5s,1906.J&D 1021« 1020a Terminal 5s, g., 1 9 1 4 ............ J&J 105
Impr., g., 5s, 1928................. J&D 81 .......
Dubuque Div., 1st, 6s, 1920. J&J >115 115%
Cons.lst &col. tr., 5s,1934..A&O 96 100
75
DesM.
&
F.D.—Guar.
4s,1905.J&J
110
108
Wis.
val.
Div.,
1st,
6s,
1920.J&J
Minn.&St. L. 1st 7s,g’d, 1927. J&D
50
1st mort., guar., 2%s, 1905 ..J&J
Fargo & South.—6s, ass.1924. J&J 115 117
Iowa C. & W., 1st, 7s, 1909.M&S 98
75
1st
M.,
on
Ext.,guar.
4s,1905J&J
100
J&J
Inc.
conv.
8.
F.
5s,
1916........
0. Rap.I.F.& N.,1st,6s,1920.A&O
75
Det.B.
C.
&
Alp.,
1st,6s,1913..
J&J
ÍC2%
Dak. & Gt. So. 5s, 1916___ ..J&J
85
do
1st, 5s, 1 9 2 1 ....A&O
Det.G.Haven&Mil.—Equip.6s,1918 e ll6 120
89
Gen. g. 4s, ser. A., 1989........J&J
Oalifor. Pao.—1st M.,4%s,1912 J&J 100 105
Con. M., guar. 6s, 1918........A&O e ll6 120
Chicago & Northwestern99
2d M.. 6s, g., ’91 ,ext.at4%%J&J
Det.
L. & North.—1st, 7s, 1907. J&J §108% 103%
138%
137
Con. 7s, 1915........................ Q—F
3d M. (guar. C. P.), 6s, 1905. J&J 1061«
90
Gr.Rap.L.& D., lst,5s,1927.M&8 § 85
Consol., gold, 7s, op., 1902..J&D 125% 127%
60
do
do
3s, 1905. J&J
37
38
Det.
Maok.& M.—Ld. gr. 3%s, S. A.
120
118%
Sinking fund, 6s, 1929 .......A&O
Oamden & Atl.—1st, 7s, g.,’93..J&J
100
Dub.&S. City—lst,2dD iv.,’94.J&J
do
5s, 1 9 2 9 ............A&O 109%
Consol. 6s, 1911..................... J&J
100%
Duluth
&
IronR.—1st,5s,1937.
A&O
do
debent., 5s,1933. M&N 107
Oamden & Burl. Co., 6s, 1897.F&A
95%
Duluth S. 8h. & Atl.—5s,1937,J& J 95
25-yrs. deb. 5s, 1909........M & N 106 107
Canada So.—1st 5s, guar.,1908,J&J 107 1071«
Dunk. A.V.& P.—lst,7s,g..l900J&D 109
2d mort., 5s, 1 9 1 3 .......___M&S 100 1007a 30-yrs. deb. 5s, 1921........... A&O
111
E
T.
V
a
.&
G
a
—
1st,7s,
1900..J&J
98
97%
Exten.
bds.
4s,
1926......F
&
A
15
Cape Fear & Yadkin Valley—
Divisional, 5s, 1 9 3 0 ........ .J&J 104%
Escan.&L.Sup., 1st, 6s, 1901.J&J 107
98 % 991«
1st 6s, Series A, 1916.................
Consol. 5s, g., 1956.............M&N 92% 95
Des M.& Minn’s,lst,7s,1907.F&A 125
1st 6s, ser. B, 1916............. J&D 981« 99
69
73
1st Ext., gold, 5s, 1937........ J&D
Iowa Mid., 1st M., 8s, 1900. A&O
1st 6s, series O...................... J&D 9h% 99
84
Equip.
& imp., g., 5s, 1938..M&S
125
Peninsula,
1st,
oonv.,7s,’98.M&S
971«
94
Cape Girard. 8. W.con.6s.l908M&S
105
Cincinnati
Ext.
—5s.,
g,1940F&A
Chic. & Mil., 1st M., 7s, ’9 8 ..J&J 115
1051«
Carolina Cent.—1st,6s,g.,1920. J&J
Mobile
&
B
lrm
.,lst,
5s,1937.J&J
Winona&St.Pet.—2d7s,1907M&N
Catawlssa—Mort., 7s, 1900. ...F&A 116%
105
Knoxv. & Ohio,1st, 6s, 1925. J&J
1st extension, 7 g., 1916.. J&D
90
Cedar F. & Min.—1st, 7s, 1907. J&J
Ala. Cent., 1st, 6s, 1918........ J&J —
Mil. & Mad., 1st, 6s, 1905...,M&S
103%
Cent, of Ga.—lst.oons., 7s,’93. J&J
East. & W. Ry., Ala.—1st, 6s, 1926
Ott. C. F. & St. P., 5s, 1909..M&S
Collat’l trust 5s, 1937..........M&N 80% 90
Eastern, Mass.—6s, g.,1906. .M&S 123 123%
North. Ills., 1st, 5s, 19 1 0....M&S
Chat. R. & Col.—5s, g., 1937.M&3
Easton & Amboy—M.,5s,1920M&N 109
Madison Ext., 1st, 7s, 1911.A&O
76%
Sav.&West., 1st, guar.,1929 M&8
83.
Elizab.Lex.& Big S.—6s, 1902.M&S 82
Menominee Ext.,1st,7s,1911 J&D
Central of New Jersey—
Elmira&W’mspt—1st 6s,1910.J&J 120 ___$nr
Northwest.Un., lst,7s, 1917.M&S
1st oons. 7s, ’99.......................Q-J 117% 119
106
5s,
2862................................A
&
O
Chic. & Tomah.—1st,6s,’05.M&N
Convert, mort. 7s, 1902. ...M&N 122
Erie & Pitts.—Con. M., 7s, ’ 98 .J&J §108 111%
Cedar R. & Mo.—1st, 7s, ’9 4 .F&A
Convert, debent. 6s, 1908..M&N
Equipment, 7s, 1900............ A&O
112 %
1st mort., 7s, 1916...........M&N
Gen. mort., 5s, 1987.............. J&J
Eureka
Springs—1st,6s, 1933.F&A
2d
mort.,
7s,
1909,
guar.
..J&D
109%
1
10
»«
Leh.& Wil.—Con. 7s,g.,1900,ass.Q
Evans.&
ind.—1st,,g.,6s,. . . . . . 1924 114 —
S. C.& Pao., 1st, 6s, 1898..J&J
Mortgage 5s, 1912............M&N 98
1st,
con.,
guar., 1926........J & J
123
Frem.
Elk.&
Mo.V.—6s,1933A&0
- Am. Dk.& Imp. Co., 5s,1921.J&J
107%
Evans.&
T.H
.,lst con.,6s,1921, J&J 122%
120 %
do
do
Unstamped..
Central Pac.—1st, 6s, g, 1895. J&J 107
Mt.Vernon—1st,
6s, g.,1923A&0 113 _
97%
Chic.Peo.
&
St.L.—lstos,1928.M&S
1st, 6s, gold, 1896.................. J&J 108 58
Sul. Co. Br. 1st, g. 5s, 1930.A& O 111 114
Louisville & St. L., 5s, 1927.A&O
1st, 6s, gold, 1897...................J&J 109%
Evans.
&
R
ich
—1st
5 g .1928.M&S
124
Chic.R.I.& P a c —6s,1917,coup J&J
1st, 6s, gold, 1898.................. J&J 111 %
Evansv.T.H.&Chi.—1st, 6s, g.l9o0 §105
Chicago & Southwestern............. t l l l %
S .Joaquin, 1st M.,6s, g.1900. A&O 110 %
2d,
6s,
gold,
1
9
0
0
............
...J& J §103
102
%
102
Exten. & col. 5s, 1934............J&J
Cal.& Or.—Series A,5 g., 1918. J&J tl03%
95% 96% Fitchburg—5s, 1899-1903---- Yar. §104 106
30 yr. deb., 5s, 1921............M&S
Series B., 6s, £, ’9 2 ................J&J el02 105
§108 109
Chio.&Sc.L.—1st 6s, 1915...M&S
95%
Mort., gold, 5s, 1939............A&O
6s, 1897................................. A&O §108% 108%
Land g. 5s, g., 1900.............. A&O 101 % 103% Chic.St. L. &P.—Con.5s,1932.A&0 105
§105% 105%
$101
Chic. & Gt. East., 1st, 7s, 93-’95.
West. Pacif., 1st, 6s, g., ’ 9 9 ..J&J 108%
§100% 101
Col.& Ind. C., 1st M.,7s, 1904.J&J §117
Central of So. Car. 1st 6s,1921. J&J
96% 98
§112
...
do
2d M.7s,1904.M&N
Charles.Cin.& C.lstg.5s,1947.Q—J
Bost.H.T. & West., deb. 5s, 1913, 100 .........
Un.& Logansp.,lst,7s, 1905. A&O §115 .....
Oharl’te Col.&A.—Cons.,7s,’95. J&J 104 107
1215s
Chi.St.P.&K.C.—Pr’ty 5s,1934. J&J t
A&O 114
2d mort., 7s, 1910.......
100
78
1st, g, 5s, 1936......................J&J e 74
101 %
Consol., gold, 6s, 1 9 3 3 ........ J&J
102 105
Port Huron Div. 5s, 1939..
78
Minn. &N.W. 1st, 5S.1934..J&J. e 75
Chartiers—1st, 7s, 1901.......... A&O 118
99%
Fla.
C.
&
Pen.—1st,
g.,
5s,1918.
J&J
121%
122
Chic.St.P.Min.&Om.—Con.
6s,
1930
Ches.&Ohio.—Fur.money fd.,6s’ 98 110 %
Ft. Worth & Denv. C.—1st, 6s, 1921 101 101%
Ch.St.P.& Minn. lst,6s,1918M&N 123%
Series A, 6s, 1908.................A&O 117% 1 20 %
75
Ft.W.&
Rio
G
.lst
5s,
g.,
1928
J&J
123%
124
........
St. Paul&S.City, 1st 6s,1919. A&O
Mortgage 6s, 1911................ A&O 117 119
Gal.Har.&SanAnt.—1st,6s,g. 1910,
C.&O. Ry, 1st 5s, 1939.......M&N 104% 104% Chic.& W.Ind.—S.fd. 6s, 1919 M&N
100
104
2d
mort.,
7s,
1
9
0
5
.
.
.
.
.
.
.
.
.
.
-J&D
Generalmort., 6s, 1932 ....Q —M
77
1st Consol. R. & A.2-4.1989. J&J 76
97
West. Div. 1st, 5s, 1931---- M&N
97%
Chi. &W. Mich.—Gen.5s, 1921.J&D § 97
81
84
do
do
4s, 1 9 8 9...J&J
77
«al.Hous.& Hen.—lst,5s,1913A&0 75
Cin. Georg. & Ports.—6s, 1901 A&O ........ 95
2d do
do
4s, 1989...J&J
77%
105
111
Georgia—6s, 1 9 1 0 ............... ...J&J
Cin. Ham. &Day.—Consol. 5sA&.0 §105% 106
Craig Yal. 1st 5s, g., 1940....J&J 96
103
105
Georgia
Pacific—1st,
6s,
192?
1
124
Consol. S. F., 7s, 1905..........A&O
105
Ches. O. & S.W.—M.6s, 1911..F&A
63
65
Con. 2d mort., 5s, g., 1923..
Consol, mort.,6s, 1905......A & O S115 116
2d mort., 6s, 1911................. F&A 70
75
16
18
Con. income, 5s, g., 1923 . .
2d mort., gold, 4%s, 1937. J&J 96% 96%
Cheshire—6s, 1896-98 ............. J&J 107% 108
103% 104
Ga.Carol.
&N
o.—1st,5s,g.
,1929.
J
&J
117
§116%
Cin.
H.
&
1.,
1st
M.,
7s,
1903.J&J
4s, 1910............................ ....J& J
78
Ga.
So.
&
Fla.—1st
6s,
g,
1927.J&J
96
O.I.St. L.&C.—1st g. 4s, 1936,Q—F
Chic. & Alton.—1stM., 7s, ’93. J&J 103%
Gr. Rap. & tad —1st, l.g., g’d, 7s,g Cl 14
Con. 6s. 1920..................................
Sterling mort., 6s, g., 1903..J&J e ll 8 120
§110
Cin.&Indianap., 1st.,7 s,’92. J&D
Sinking fund, 6s, g., 1903...M&N 119%
Ex land grant, 1st 7s. ’ 99.
Indianap.C.
&
L.,7s,
1897..F&A
Louis’a& Mo.R.,lst,7s,1900F&A 116%
r
76
83
General
5s,
192
a
.....
Cin. Laf .& C.—1st, 7s,g.l901.M&8
do
2d, 7s, 1900M&N
Muskegon Div. 5s, 1926...J&J.. !e 96
98
Cin. Leb. & Nor.—1st, 5s, 1916J&J
Bt.L.Jacks’v.& C., 1st,7s,’94.A&O 107%
102%
104
Ex. 1st., g , 4%s, 1911
Cin. Rich. &Chio.—1st, 7s, ’95.J&J
do 1st guar. (564) ,7s,’94A&0 107% 110
.....,
93
Cin. Rich. & F. W.—1st,7s,1921 J&D
do 2 d M. (360), 7s, ’9 8 ..J&J
37
Cin.&Sp—7s, C.C.C.& I-, 1901. A&O
do 2d guar. (188) 7s,’98. J&J
116%
7s, guar., L.S.& M.8., 1902..A&O
Miss.Riv.Bridge, 1st., s.f., 6s, 1912 106
104
Clearf. & Jeff.—1st,6s, 1 9 2 7...J&J
Chic. Burl.& Nor.—5s, 1926..A&O 105
§ 98
Hart. & Conn. West.Clev. Akron & Col.—
2d, 6s, 1918............................J&D 103% 104
n 104 ......
Gen. M., g., 5s, 19 2 7 ........-.M&S f 96% 96%
Debent. 6s. 1896....................J&D!§102% 103
n
.....
-Cu’
or,.
E.&W.
Tex.96
93
Equip tr. & 2d M.', IQ-iOs.-.F&A
Equipment 7s, 1903.... .. . . . F & a !§104 106
* Price nominal.
§ Purchaser also pays accrued interest, e In London. UCoupon off
t In Amsterdam, i In Frankfort.
476
THE CHRONICLE,
GHSNTEBA.L QUOTATIONS OP STOCKS AND
[V ol . L IV .^ 1
BONDS— C o n t i n u e d .
F o r E x p la n ation s See Notes at H ead o f F irst P a »e o f Q u otation s.
R a il r o a d B onds .
Bid. Ask.
R a il ro ad B onds .
Bid.
Ask.
R a il r o a d B onds .
Bid.
Ask.
L.N.O.&T.—'2dm.,inc.,5s,1934M&S
N.Y. Lake Erie & West.—(Cont’d.)
Houston & Texas Cent.—
Louis.St. L. &T.—I st 6s,g.l917.F&A ' 9 3 " *94*” 4th M.,extended, 5s, 19 2 0..A&O 114*2
Waco &N. W., 1st, 7s,g.,1901 .J&J 125
74%
5th M., extended, 4s, 1928.J&D 102 102%
1st g. 5s, 1937......................... J&J 103% 10414 Louisville Southern 3s........... J&J 74
Macon & Nor.—lst4*2S, 1990.M&S
67*2 1st oons. M., 7s, g.,1920.......M&S 1354« 137
2d g. 6s, 1912.........................A&O 1011«
Manhat. El., consol. 4s, 1990.A&O
89
88
1st cons, fundooup.,7s,1920 M&S 130 184
Debenture 6s, 1897..i ........ A&O
Bond, scrip, 4 s ......................A&O § -----65
Reorganizat’n 1st lien, 6s, 1908
G en.g 4s, 1921.................... A&O 64
Metrop’n E l.—1st, 6s, 1908..J&J 117*8 117*2 Long Dock mort., 7s, 1893.. J&D 105
Debenture 4s, 1 8 9 7 ..............A&O 71
2d 6s, 1899...............
M&N 108*2 108%
Long Dock con. g., 6s, 1935 A&O 120%
101
Hunt.&Br. Top—1st, 4s, 1920. A&O
N.Y.Elevated.—1st, 7s, 1906. J&J ...... 114**
New 2d cons.6s, 1 9 6 9 .......... J&D 11-7*4 107%
Cons. 3d M. 5s, 1895............A&O 103
114
§113*2
MaineCent.—Mort.
7s,
1898...J&J
Collateral
Tr. 6s. 1922.........M&N 110 112
Illinois Cen.—1st,gold,4s,1951. J&J
Exten. bonds, 6s, g., 1900... A&O §110 112
Funded oouDon 5s, 1969___J&D 93
Gold, 3*28,1951.....................J&J 92
94
§137
137*4
10012
Cons.
7s,
1912.......................
A&O
Col. tr., gold, 4s, 1952........ A&O
Gold income bonds, 6s, 1977 .. .
Cons. 4*28,1912.................... A&O §103*2 107*4
Chic. & Erie 1st 4-5s g. 1932.M&N 102 102*4
Springfield Div., 6s, 1898. -J&J 108
Leeds & Farm’gt’n, 6s, 1896.J&J §105 106
Income 5s, 1982....................
52
Middle Div. reg. 5s, 1 921... F&A 112*2
52*a
Porti. & K.,Cons. M., 6s, ’95.A&0 §103 105
Coal &RR 1st,gu.,6s,1922.M&N
Bterling, 8. F., 5s, g., 1903..A&O el 06 108
Debenture, 6s, 10-20&. 1905.F&A §102 103
N.Y. &L. Br’ch— 1st, 5s, 1931.J&D
Sterling, gen. M.,6s, g., 1895. A&O el03 108
Marie.& Phoenix—1st 6s,1919.M&N 62*2 100
N. Y. N. H. & H .lstr. 4s,1903.J&!
108
Bterling, 5s. 1905................. J&D elG8 110
85
Mar’ta& N. Ga.—lst,6s,g., 1911. J &J 75
N.Y.&North’n -1st g.5s,1927. A&O 107%
Chic.St.&N.O.—T.l’n,7s,’ 97.M&N 112
35
Consol., 6 g., 1937........
J&J 27
59% 62%
2d gold 4 s, 1927............................
1st con.7s, 1897........................ 112 iÏ 4
Marq’tteHo.& O.—Mar.&0.,8s, ’92 §100*2 101
2d, 6s, 1907.........................J&D
N.Y.Ont.A W.—lst.g., 6s,1914M&- 111 111*2
115
6s, 1 9 0 8 .....................
....M &S §102% 103
5s, 1951, gold..... .... ...........J&D
Consol. 5s, g., 1939......... ....J& D 104%
68.1923 (extension)..............J&D §101*2 102
97
Mem. Div., 1st 4s, g., 1951 J&D
N. Y. & N. Eng.—1st, 7s, 1905.J&J 120*s 121%
90
6s, 1925 (Marq & West.). A&O §101*2 102
lad. D. & W.—Gold,5s,1947... A&O
1st M., 6s, 1905......................J&J 112% 113
Memph.& Chari.—1st,7s, 1915. J&J
30
2d m. inc. 5s, 19 4 8 ................J&J
2d m.,6s, 1902........................F&A 105*4 105%
2d mort., 7s, extended, 1915. J&J
Ind. Dee.&Sp.—1st,7s,1906.A&O 11712
N. Y. Pa. & O.—Prior lien, 6s, 1895 99 102
37
Ind’polis& St.L.—1st,7s, 1919. Yar. § 1151«
1st oonsol. 7s, 1915................ J&J Ï 12' ’ LiT*
38
do
1st 7s. 1905.............
4*4 5*2
nd’apolis&Vin.—lst,7s,1908.F&A 116
1st, oons.. Tenn. lien, 7s,1915 J&J 120
2d mort. inc., 5s, 1910...............
99 101
2d mort.. 6s, g., guar.,1900.M&N 1 0 2
1 % 2*4
3d mort. inc., 5s, 1 9 1 5 ................
97
rnt. & Gt.N ortb.-lst.6s,1919.M&N 129
2d 6s, 1899............... - ....... M&N
9»
Equip. Trust., 5s,1908.........M&N
Me*. Cent.—Consol. 4s, 1911.. J&J 69*2 6*9 % N.Y. Phil. & Nor.—1st, 1923 ..J&J 109
Do
coupon off..................... 1101 « 114
1st con. inc. 3s, 1939........... July § 35% 35% Income 6s, 1933..................A & O
38
2d ooup. 6s, 1909, Trust rec.M&8 80%
9i*s
2d con. inc. 3s, 1939............. July § 19
19*2 N. Y.. Prov. & Boston 7s, 1899. J&J
Iowa Cent.—1st g., 5s, 1938.. J&D
Old 1st mort. 7s, 1911..........J&J
I'aFalls & 8. C.—lst,7s,1917.A& 0 §123*4 130
N. Y.S.&W .-lst refnd.,5s,1937. J &.I 104*4 105
MexicanNat.—1st, 6s, 1927..J&D
Jack.T. & Key W .,lst 6 g.,1914.J&J
2d mort., 4*2S. 1937..............F&A 81*2 82%
2d M.,Ser. A,inc.,6s,1 9 1 7 ...M&S
Jefferson—1st 5s, g. Erie,1909. A&O 104
Gen. m. 5s. g, 1940............. F&A 87*« 88*2
Midl’d of N. J.—1st,6s,1910. A&o 118
Jeff. Mad.&Ind.—1st, 7s,1906. A&O §113*2 1Ï5**
2d M.. Ser. B, inc.,6s,1917..April
Mich. Cen.—Consol., 7s, 1902.M&N 123
2d mort., 7s, 1910.................. J&J §120
Norf.&Sout)*.—! St g., 5s,1941.M&N 95 100
77*2 Consol. 5s, 1902.........
Kanaw. & Mich., 1st 4 g., 1990. J&J 77
M&N 107
Newb’g D utch.* Conn.—Tncs.1977
Kansas C. Belt, 1st, 6s, 1916..J&J 110 112
6s, 1909...................................M&S
Norf. & West.—Gen., 6s, 1931.M&N 120
93
Kan. C. Clinton & Spr.—1st,5s,1925 § 90
5s, ooup., 1931......
M&S 110
New River 1st 6s, 1932....... A&O 1L7
99%
Mortgage 4s, 1 9 4 0 ................J&J
Pleas. Hill & DeSoto, 1st, 7s, 1907 §117*2 120
Impr. & Exten., 6s. 1934....F&A 11L
K.C.F.Sc.&Mem.-lst,6s,1928.M&N §106% 107
J. L. & Sag.—lstext. 5s.......1901
Adjustment 7s, 1924......Q .—M.
J o lie t* N.Ind.,1st,7s (guar.M C.) 116 ........
K.C.&M.Ry & Br.l st 5 g,1929.A&0 §105 107
Equipment, 5s, 1908............ J&D
95
Current River, 1st, 5s. 1927. A&O § 93
Det. & B. C., 1st 8s, 19o2 ..M&N
Clinch V. D., 1st 5s, 1957....M&S 93 ‘ *3*4**
95 100
K.C.Ft.8oott& G.—1st,7s,1908 J&D 111 111»* Midd. Un. & Wat.Gap—lst,5s,1911
M«ryl. & Washington Div. 1st g. 1
92
61
79*2
Kan. C. M. & B .- ls t , 5s, 1927.M&8 § 60
2d 5s, guar. N. Y. 8. & W., 1896.
92*2
5s, 1941............................... J&J
86
Blr., equip., 6 g., gu„ 1903... M&S 84
Mil.Lake Sh.&W.—6s, 1921..M&N 124*4 125
Debenture 6s, 1905......
M&S
§122%
103
Conv. deb. 5s, 1907............. F&A
K.
O.St Jos.&C.B.—M.78,1907 J&J122%
Norf’k & Petersb.,2d, 8s, ’ 93. J&J 103
106
Nodaway Val., lst,7s,1920.J&D §108 109
Ext. & Imp. s. f. g. 5s, 1929..F&A
So. Side, Va.. ext. 5-6s.......... 1900 105
85
Mich. Div., 1st, 6s, 1924.......J&J 120*2 124
Kan. C.Wy.&N.W.-lst5s.l933. J& J e 75
do
2dM .,ext. 5-6s ...1 90 0 100
Ken. Cent. Ry.—Gold 4s, 1987.J&J
Ashland Diy., 1st 6s, 1925.. M&S 120
do
3d M.. 6s, ’96-1900.J&J 100
112
Kentucky Un. 1st M., 5s. 1928.J&J
Incomes, 6s, 1 9 1 1 ..............M&N
Va.& Tenn., 4th M., 8 s, 1900. J&J 120 >4 L21
Keokuk&Des M.—lst.5s,1923. A&O DO
St. P.E. &Gr. Tr’k, 1st, guar., 6s. 107
do
extended 5s,1900. J&J 100*4 105
Kings Co. E l.-S r. A.,5s, 1925..J&J 9314 93% MU. & N o —1st, 6 s,1 9 1 0 ..„J & D 114
100-year mort. 5s, 1 9 9 0 .......J&J 92% 92%
100
2dm ort 5s. 1938.................. A&O
1st, consol. 6s, 1913............. J&D 114 115
North. Pao. Coast ls t6 s ........ M&N
Fulton El. 1st M. 5s. 1929..M&S
86*2 Minn’p. & St. L.—1st, 7s, 1927. J&D 118
North Penn.—1st,7s, 1896....M&N 113*4
.
....
127
115
Kings. & Pemb.—1st, 6s,1912. J&J 100 105
1st M., Iowa City&W., 1909. J&D
Gen. mort., 7s, 1 9 0 3 ..............J&J
73
Lake E.& West.—lst,g.,5s,1937J&J 110
2d mort., 7s, 1891.................J&J
Debenture 6s, 1905.... -.......M&S stiff 119
115
2d g., 5s, 1911.........................J&J 96*4 96*2
Southwest.Ext.,lst,7s,1910.J&D
rortheast.,S.C.—1st M.,8s,’99,M&S| 119
Lake Shore & Mich. So.—
Paoifio Ext., 1st, 6s, 1921.. A&O 98 110
2d mort.. 8s, 1899.................M&S 118
105 107
72
d . P. &Ash.,new7s, 1892..A&O 105
Imp. & Equip. 6s, 1922..........J&J
103 110
92
Buff.&E.,newbds,M.,7s.’98.A&0 116% 117
Minn’p. & Pao., 1st, 5s, 1936..J&J 88
Det.Mon.& Tol.,lst,7s,1906.F&A 125
Conpol. 5s, 1 9 3 8 .................. A&O 100
Minn. S. Ste. M. & Atl.—1st,4s,1926
94
*9*6 Northern Cent.—4*28, 1925..A&O 105
Dividend bonds, 7s, 1 8 9 9...A&O 117*2 Ï20”
Consol. 4s, 1 9 3 8 ..........__ J&J
Lake Shore.cons., cp.. 1st, 7s. J&J 120*2 122
Mo.Kan.&T.—1st, g., 4s,1990.J&D 80*2 80%
2d mort., 6s, 1900..
........ A&O 112*4 113*4
50% 50*2 Con. mort., 6s, g.,coup., 1900.J&J 111 113*2
do cons., cp .,2d,76,1903..J&D 123*2
2d, g. 4s, 1990 ..................... F&A
76
Mahon. Coal RR.lst,5s,1934.J&J
Mort. bds., 5s, 1926, seriesA J&J 109*2
Kans. C. & Pao. 1st is. g. F&A
SS%
Kal.A.& Gr.R.—1st 5s, 1938. J&J 106
Dal. &Waoo lst,gu.,5s,1940.M&N
do
series B....................... lOd
116 118
1*14 Mo. Pao.—Consol. 6s, 1920...M&N 107*2
Lehigh Val.—1st, 6s, 1 8 9 8 ....J&D
Cons. M. 6s., 1904................J&J
Con. M., sterling, 6 g., 1897... J&D «105 107
Con. mort, stg. 6s, g., 1904...J&J 8107 109
3d mortgage, 7s, 1906___ ..M&N 115
2d mort., 7s, 1910.................M&S 133*2
Union RR.—1st, 6s, end. Cant.,’95 102
Trust gold, 5s, 1917..............M&S
Con. M., 6s, g., 1923 reg.......J&D 130
Col. trust, 5s, 1920............... F&A 80*2 81
Northern Pao.—Gen., 6s, 1921.J&J 117 118
ÏG3
Leh.V.Ry,lst 4*as, g., 1940,rec.gu.
Gen. land gr.,2d, 6s, 1933...A&O 115*4 116
Lexington Div., 5, 1920...... F&A 104
97
93
Leh.V.Ter.—1st,g.gu.5s. 1941. A&O 109*2
Gen. land gr., 3d, 6s, 1937...J&D 109*2 110
Pac.of M o.,lstex. g.4s,1938.F&A
79
79*4
Litchf. Car.&West, lstg. 6s,’ 16J&J
96
L. G. con., g. 5s, 1989 ........ J&D
2d 7s, 1891.......................... J&J 105*4
5112
t
99
L. Miami—Renewal5s,1912..M&N
Dividend scrip ext. 6s, 1907.J&J 103
Ver’sVy.Ind. &W. Ist5s, 1926M&S
L. Rock & Ft.S.—1st, 7s, 1905..J&J § 91*2 95
Pen D’Oreille Div., 6s, 1919..M&S 100
Leroy & C. Val., 1st,53.1926.J&J
75
Little R.& Mem.—lst,5s,1937.M&9 73
Mo. Div. 6s, 1 9 1 9 ................M&N 103
Car. B r„ 1 s t, 6s, g. 1893__ A&O
Long Island—1st M., 7s, 1898.M&N 117 117%
St. L.l’ uMt.&So.—1st,7s, ’ 92.F&A 101% 101% James Riv.Val.—lst,g.,6s,’36J&J
1U0*3
1L0
1st consol. 5s, 1931...............Q—J
114*2
Spokane & Pal.,1st 6s, 1936.M&N —
2d mort., 7s, g., 1897...........M&N
Helena& RedMt.lst,6s,1937M&S
Gen. M. 4s, 1938.................... J&D 93*4
Ark. Br. 1. gr., M., 7s, g., ’95.J&D 106
_
_
_
_
109
101
N.Y.&R’yB’ch,lstg.5s,1927.M&S
Dal. & Man.. 1st, 6s, 1936. ..J&J 1, 2-91103*2
Cairo Ark. & T.,l8t,7s,g.,’97.J&D
100*2
2d mort. inc., 1927.................. S 23
32
Dak. Ext., 1st. s.f. 6s, 1937.J&D
Gen. con. r’y & 1. g., 5s, 1931 A&O 85*2
101*4
N. Y.&Man. Beach, 1st 7s,’ 97,J&J
No;Pao.& Mon., 1st,6s, 1938.M&S
Mobile & O.—1st, g’d, 6s, 1927. J& D 115*2
111
111
102
N. Y. B. & M. B.,lst con. 5s, 1935
Coeur
d’A
l.,lst.g-,
6s,
19L6.M&S
1st Extension 6s, 1927........ Q—J
100
Brook. & Mon., 1st 6s, 1911.M&S
do Gen. 1st g., 08, 1938. ..A&O
Gen mort., 4s, 1 9 3 8 ............M&8 62% 6 .%
1st 5s, 1911........................ M&S 108
Cent.Wash’ n, 1st g.6s.!933. M&S
St.L.& Cairo—4s, guar., 1931.J&J 80
101
2d, 5s, 1938......................... J&D 103
Ch. & No. Pao. con. 5 g. 1940.A&O 81*4 81*2
Mont. & Eufaula, 1st 6s, 1909.. J&J
107%
North. P. Ter. Co.-1 st, 6s. ’33..1&I
Smith.* Pt. Jeff.,lst.7s,1901M&8
Morg’n’s La.&Tex.,lst,6s,1920J &J 109 110
L. I. City&Flu. 1st 68,191 l,M&N
N. W. Gr. Trunk 1st, 6s, 1910 .J&J 107
1st mort., 7s, 1918..............A&O
90
91
112
Lou’ v.Ev.&St.L—1st,6s, 1926. A&O 108% 109
N.
W.
Nor.
Car.
1st
6s,
1933..
A&O
Morris & Essex—1st, 7s, 1914 M&N
§107*3 109
E. R. &E. Div., 1st, 6s,1821.J&J ;106 106**
Norw’h&Wor.—lstM .,6 s.’97.
Conv. bonds, 7s, 1900........... J&J 114
104*s
104%
Ogd.&L.Cham.-Cons.6s,1920.
A&O
92
>
91%
2d mort., 2-6s, g ., 1936__ _
124%
General mort., 7s, 1901.......A&O
33
H. T. C.& C. 1st 6s,g., 1927. A&O 98 100
Income, 6s, 1920.......................... . 30
Consol, mort.,7s, 1915....... ..J&D
Consol. 5s, 1939..................... J&J 82
1 0 2 >2 Ohio I. & W —1st pf d. 5s, 1938.. Q-J
N ashua* LoweU—6s, g .,’93,F&A
Ind. 81.&W.—1st, pf.,7s. I960. 114
106
L )uisv.& Nashv.—Cons. 1st,7s,1898 1141«
5s, 1900...........
F&A
Oeoilian Br., 7s, 1907........... M&S
O. & Miss.—Cons., s.f., 7s,1898. J&J 112 113
110*2 Nash.Chat. &S.L.—1st,7s,1913. J&J
Cons, mort., 7s, 1898......... J&J 112
N. O. & Mobile. 1st 6s, 1930. J&J 119 120
2d mort., 6s, 1901.................. J&J
113
2d oonsol. mort., 7s, 1911...A&O 120
Ido
2d, 6s, 1 9 3 0.... J&J
Consolidated gold 5s, 1928--A&O 1C5 *2 106
1st,Spring!. Div., 7s, 1905..M&N 113*2
E. H. & N., 1st 6s, 1919.......J&D i ï é ’
New Haven & Derby—Con.5s,1918 §101 102*2
94
1st gen., 5s, 1 9 3 2 ....
.......J&D
Gen’l mort., 6s, 1930............J&D 116*8
New Haven &N., 1st 7s,1899.. J&J 116*2 118
95
lou' v .C.& Lex.—1st,7s,’97 ..J&J 108
108*2 Consol. 68,1909...................A&O 120 121
103
2d mort., 7s, 1907..............A&O §122 123
N. J. Junction, 1st, 4s, 1986..F&A
n
o’
100
Ohio
South
e
nMem.& 0.,stl., M.,7s, g.,1901J&D e l l 6 120
N. J. & N.Y.—1st, 6s, 1910..-M&N
63*4 66
lO f
Gen. M. 4 S , 1
M. &Clarksv.,st’g,6s,g.,1902 F&A el 06 110 N. J.Sou.—1st, 6s,1899 int.gu.J&J
-• 107
Pensacola Div.,1st,6s,1920..M&S
N. O. & Northeast.—Prior 1.68.1915
110
Bt. Louis Div.. 1st, 6s, 1921. .M&S 116*8
N.Y.& Can.—£M.,6s,g.,1904.M&N «115 L17 Old Colony—6s, 1 8 9 7 ............ F&A
107
6s,
1
8
9
5
..................J
&
D
103%
62*2
103*2
do
2d., 3s,, 1980.M&S
N.Y.C.& Hud.Riv.—Ext’dSs. M&N
lo5*4
7s, 1 8 9 4 ................................M&S
Bash. & Deo., 1st 7s, 1900.. .J&J 114 117
1st coup. 7s, 1 9 0 3 .............. J&J 125** 126
107*4
4*28, 1901............................... A&o
Bd.&No.Ala., S. F. 6s,1903M&N el07 110
Debenture 5s, 1884 1904...M&S, 107
103*2
4 *23, 1897.............................. .J&D
Ten-forty 6s, 1924................M&N
do
5s, 1839-1904...M&S 107
lu 3
50-rear gold, 5s, 1937.........M&N 101*2 105*2
4s, 1938................. .-................J&i
do
4s, 1890-1905 . . . J&D 100*2
B. C. F. & N. B., 58,1910 ..J&J
Unified 4s, g., 1940............... J&J 80
30%
Spelling mort., 6s, g., 1903...J&J «118 120
N. Bedford RR., 7s, 1894 ..J&J
Pensa. & Atl.—lst,6s,gu,’ 21.F&A 103% 105
N. if.i.hio.&St.L.—1st,4s,1937.A&O 97*4 97*2
34
Omaha & St. L.—1st, 4s, 1937.. J&J
Ool. tr., gold, 5s, 1931.......M&N 102
N. *. & Greenw’d L.—1st M. inc. 6s
5
10
Orange Belt—IstM ., 5s, 1907..J&J
8. & N. Al. s. f. 6s, 1 9 1 0 ....A&O 109 T Ü ’
2 u mortgage income, 6 s .............
Consol. 5s, 1936.................F&A
Oreg.&Cal.—1st 5s, 1 9 2 7 ......J & )
95
N. / &Harlein—7s,ooup.,1900.M&N 122*2
Oreg. R’y & Nav.—1st «is, 1909. J&J
Naeh.F.&S.lstgd. g.5s,1937.F&A 98
N. * Lack.* W.—1st, 6s, 1921.J&J 127 128
Consol, mort. 5s, 1925 . . . . . . J&O
L’sv.N.A.& Chic—1st,6s,1910. J&J 108
U0*2
i 1d, 5s, guar., 1923.............. F&A
Collateral trust ts, 1 9 1 9 ....M&S
Con. ¡non. 6s, 1 9 1 6 ......... ...A&O 102 102*2 N, Y. Lake Erie & Western—
Gsw.&Roine—IstM
., 7s, 1915.M&N
General m. g. 5s, 1940.........M&N
113*2
1st M., ext. 7s, 1897........... M&N
Ox.&Clark.—1st, p.& i.gu. 6s. M&N
Ind’ap. Div., 6s gold, 1911..F&A
2d mort, extended,5s,1919.M&S 115 119
'
1st
interest
guar.,
0s 1937..M&N
t o ’lsv.N.O.&Tex.—lst,4s,1934M&8 65
I 3d M. extended, 4*as, 1923..M&S 108*2
Price nominal. § Purchaser also pays accrued interest, e In London. ||Coupon off. t In Amsterdam. ♦In Frankfort, Germany.
Ma r c h
THE CHRONICLE.
19,1898.]
417
G-EXBRAJj QUOTATIONS OF STOCKS AND
BONDS— U o n t in u b d .
F o r E x p la n ation s see Notes at H ea d o f F irst P a?e o f Q u otation s.
R a il r o a d B onds .
Bid. Ask.
R a il r o a d B onds
Bid. Ask.
R a il r o a d an d M isgel . B onds .
Bid.
Ask.
Wabash—Continued.
St. Paul & Du'uth—Continued.
Panama—Sterl’gM ., 7s. g. ’ 97. A&O el06 108
Deb. mort., series A, 1939...J&J
2d mort., 5s, 1917..—.......A & O 104 106
Subsidy bonds, 6s, 191o___MAN
Deb. mort., senes B. 1 9 3 9...J&J 43% 46
127% St P. Minn. & Man.—1st 7s,1909 J&J .......
Penn.RR.—Gen.M, 6s, o, 1910. J&J
Det. & Chic. Ext.,1st,g.,1941.J&J
Cons. M., 6s,ep.,’05.J.15 &D. 15 1.22%
2d 6s, 1909...........................A&O 118
Sc.L.K.C.
&N. (r.est.& R.),7s.M&8 104
119
106
Collateral trust, 4 % s,1913.. J&D
Dak. Ext.. 6s. 1910............. M&N 118
do St. Cha’s Bridge 6s, 1908 109
Consol. 5s, cp., 1919.............M&S 113
1st consol. 6a, 19 3 3 ............. J&J 119»« 120 %
99»«
do
No.
Mo., 1st, 1895...J&J 107
Equip. Tr. 4s, series A ......... Q—F
1st consol.,reduced to 4»«8 ..J&J . . . .
89
West Chester—Con. 7s, 1891..A&O
Penn. Co., 6s, coup., 1907..Q.—J 105
Montana Ext., 1st. 4s, 1937. J&D .....
W.
Jersey
&
At.
1st M.,6sl910M&S 105 .........
Penn. Co. 1st M.,4%s,1921,r.J&J 106% 107»« Pac. Ext., 1st 4s, £ , 1940___J&J ----West Jersey—1st, 6s, 1896.......J&J 106
111%
Penn.& N .Y .C an .-lst. 7s, ’ 96. J&D
Minn’s U’n, 1st, 6s, 1922__ J&J HO
123
IstM.,7s, 1899.......................A&O
Montana Cent.—1st, 6s, 1937J&J 116»«
1st mort., 7s, 1906.................J&D 123
103 %
116
1st, guar., g , 5s, 1937.......J&J ----- 1 0 2 % West Shore—Guar. 4s, 2361.. .J&J
& RR. con60l. 4s, 1939.......... A&O
1Ö9
109%
WestVa.C.&Pitts.—1st,6s,1911 J&J
Penn. & N. W .-5 s, 1930........ .J&J 105
East’n,Minn.,1st,g.,5s,1908. A&O 100
St.P.&No.Pac.—Gen.6s.l923.F&A 118. 122* West Va.&°itts.—lst5s,1990. A&O
Pa. P. & Host.—1st, 6s, 1939..J&J
West.Maryl’d—3d en.,6s, 1900. J&J 113- —
San Ant.& A. Pass., 1st,6s,1916. J&J 66%
Peoria Dec. & Ey.—
West. N. Y.&Penn—1st.5s, 1937J&J 101
103%
1st, 68,1926........................... J&J 65
1st, 6s, 1920............................ J&J
96»«
2d m., 3s g.—5esc. 1927....A&O 33% 35
SanF.& N.P.—1st,5s,g.,1919...J&J ----2d mortgage, 5s, 1926.......... M&N 70% 73
Warren & Frank., lst,7s,’96F&A 105 _
Sandusky Mansf.& N.—1st, 7s,1909 117 120
Evansville Div.,1st 6S.1920.M&8 103 106
96
W’n No.Car-Con.6s.guar.1914. J&J 90
Peo.& Pekin U r. -1st,6s,1921.0—F 110
Sav.Am. &Mon.con.,6,g.,1919.J&J 70
Sav. FI. & W.—1st, 6s, 1934..A&O 109»« 110 % West’nPenn.—1st M., 6s, ’93.. A&O 103
2d mort.. 4%s, 1921............ M&N 70
Pitts. Br., 1st M., 6s, ’ 96.......J&J 104
At. & Gulf, con. 7s, 1897 — J&J 109 110
Perkiomen—1st ser. 5s, 1918 Q —J 103%
Gold 4s, 1 9 2 8 ........................ J&D
Bo. Ga. & Fla.—1st, 7s, 1899.M&N 108 109
2d series 5s, 1918...............Q.—J
2d, 78,1899....................... M&N 106»« 107»« W heeling*L. Erie—1st.5s,...1926 106
Petersburg -Class A, 5s, 1926.J&J 103%
80
110
W
heel.D iv.,1st, 5 s,1 9 2 8 ....J&J
Sciot. V.&N. E. -1st,g. ,4s,1989. M&N 79 7g
Class B, 6s, 1926.................. A&O
94»*
106
* Extens. and Imp. 5s, 1930. .F&A
Seaboard & Roan.—6s, 1916..F&A
Pbila.&E.-Gen.guar.,6s,g.,’ 20.J&J
114
5s,
coup.,
1926.......................
J&J
104%
Wilm. Col. & Aug., 6s, 1910 ..J&D 1X9
General 5s, 1920...................A&O
94
Wilm. & Weldon—7s, g., 1896.. J&J 112% 113
Seat.L.8.& E.—1st,gold,6s,’31.F&A —
General 4s, 1920..........
A&O lo0%
,
5s, 1935...........
J&J 111% _-T
Sham. 8un.&Lew.—1st, 5s,’ 12 M&N . . . .
Sunb. &Erie—1st, 7s, 1897.. A&O 116
85
Sham.V.&Potts.—1
7 s,cou. 1901 J&J ---Wlnona&S.W.—1st,63.g.,1928. A&O 82
Phil. &Reading—1st, 6s, 1910.J&J
92
91%
106
35
Wiscon. Cent.Co.—lst,5sl937.J&J
8o. Cen. (N.Y.)—Consol, mort., 5s.. 25
2d, 78,1893.............................A&O
35
38
Incomes, non-cum., 5s, 1937.......
Consol.M.,7s,1911, reg.& cp. J&D 131
So. Carolina—IstM.,6s,1920..A&O 108%
Wore. Nash. & R.—5s, '93-’95. Var. 5100% 101
2d mort., 6s, 1931.................. J&J 90
Consol, mort., 6s, 1911........ J&D
Nash. & Roch., guar..5s.’94.A&O §101 102
Income 6s. 1931............................
16»s
Improvement mort.,6s, ’97.A&O 106%
M IS C E L L A N E O U S B O N O S.
Certs, of deposit.................. ....
16
Cons. 5s, 1st series,1922....M&N! 104%
195a 1978 So. Pac.,Arlz.—1st,6s,1909-10.J&J 103%
Amer. BellTeleph’e—7s, 1898.F&A 5113% 114
Deferred income 6s.......................
85% 863s So Pac.Cal.—1st,6s,g.,1905-12 A&O 116
Am. Cot. Oil—M. g. 8s, 1990..Q -F 109% 109%
New gen. mort., 4s, 1958___J&J
75% 75»«
Am.WaterW’sCo.—1st 6s,1907. J&J
1st con. g, 5s, 1938............... A&O 100%
1st pref. inc., 5s, gold, 1958__ F
65% 66
1st con. gold 5s, 1907............J& J
So. Pac. Branoh—6s, 1937___A&O 106%
. 2d pref. inc., 5s, gold, 1958___F
........
Amer. Steamship—6s, 18 9 6...A&O 107 "
3d pref. inc., 5s, gold, 1958___F 57 % 58»« So. Pac. Coast—1st gu., g., 4s, 1937 .......
Booneville Rridge 7s, 1906...MvN
3d pref., inc., 5s, convertible...F 59
So. Pac.. N. M.—1st, 6s, 1911 .J&J 103
Term. 5s, gold, guar., 1941.0.—F 105%
Spok.Falls &N.—1st 6s,g.,1939.J&J §....... 100 Boston & Montana—7s, 1898..J&J 5101% 102
89%
00 % State L. &8ul.—1st 6s, 1899...j&j|§100
Boat. Un. Gas—5s, 1939, r.rec. J&J 8 J
PMla. Wil. & Balt.—6s, 1892..A&O 100
109
108
Cahaba C’l Min.—1st g.7s,1907. J&J 108 112
6s, 1 9 0 0 ............................... A&O
Stat. Isl.R. Tr.—lst6s,g.,1913.A&O .......
68
Ches. &Del.Can.—1st 5s,1916. J&J 60
6s. 1910................’................. J&D 104 106
2d mort. guar. 5s, g., 1926...J&J .......
Ches. & Ohio Canal—6 s .......... J&J
Steuben. & Ind., 1st 5s, 1914..J&J 106
Trust certs. 4s, 1922............M&N 96 loO
89%
100
Chic. Gas L. & C .-g . 5s, 1937..J&J
Sunb.Haz.&W-B.—lsi\5s,1928M&N 105 »a
Pied. & Cumb.—1st, os, 1911.F&A
98»s Chic. June. col. g. 5s, 1915___J& J 95% 95%
2d mort., 6s, 1938, reg___.M&N 98
Pit.C.C.&St.L.coD.4%s %1940A&0
Colorado Coal & I—6s, 1900. ..F&A 100% 102
Pittsb.O.& St.L.—1st, 78.1900.F&A 114>« 115
Sunb. & Lewlstown, 3 b, 1896..J&J 107
93
Susp. B. & Erie Juno.- -1st 7s, 1900 H I 114% CöL&Hock.Cl&l’n—g 6S.1917.J&J
Pittsb. .A.&Tol.—1st, 6s, 1922. A&O
26%
Comst’k Tun.—1st in. 4s,1919.M&N 24
Syr.Bing.&N.Y.—consol.7s,’06A&o| 130
Pittsb.&Con’llsv.—lstM.7s,’98.J&J 114
_
rm
el26
113
128
Consol. Gas, Balt.—6s, 1910. .J&J
Sterling cons. M. 6s, g., guar.J&J
Syracuse St. R ’y.—1st,5s,1920. J&J §.......
99 lo o
Consol. 5s, 1939 ....................J&J
Pittsb.Ft.W. & C.—1st,7s,1912 Yar 138 % 140 Terre H. & Ind.—1st,7s, 1893. A&O! 103
107
Consolid. Coal—Conv. 6S.1897.J&J
Consol, mort., 5s, 1925_____J&ji 104
2d mort., 7s, 1912................. Var 136 140
130 Terre H. & Log’pt.—lst,gu.,6s,J&J| 102»«
Denv.City Water Co. 5s,g.’ lo.M&N
3d mort.,7s, 1912................. A&O
EdisonElec. III. Co.—Isis, 5 s.. 1910 102
Pittsb. Juno. 1st 6s, 1922........ J&J 116 117
1st and 2d, 6s, 1913...............J&J 101 104
99
Eq.G’e&F..Chic—lstg.6s,1905. J&J 98
Pittsb. & Lake E.—2d,5s,1928 A&O 108%
Tex. Cent.—lst,8k.fd.,78,1909M&N
Gr’dR.C1.&C—1 stg.6s,1919 A&O
Pittsb. McK.& Y.—1st,6s, 1932.J&J 120 125
1st mort., 7s, 1911...............M&N
106%
Henderson
Bridge—
6s,
1931.
.M&S
Pitts.Pain.&F.—lst,g.,cs.l9l6J& J
Texas & New Orleans—1st,7s.F&A
Hoboken L. & Imp. 5s, 1910..M&N
Pitts.Shen.& L. E .lst 5s,1940. A&O
Sabine Div., 1st, 6s, 1912...M&S
82% 83
Iaaianapolis Gas 1st 6s,l920.M&N 100 102
Pittsb. & West.—1st, 4s, 1917.J&J
Tex. & P.—East.D.lst 6s,1905.M&S 100
Iron Steamboat Co.—6s. 1901. J&J
Pitts. Y. & Ash.—1st,5s, 1927 .M&N 104 106
1st gold, 5 s, 2000................. J&D 8 3 38 84
8Ö" 8 l "
Laclede Gas, St. L.—5s, 1919.. Q -F
Ashtabula & Pitts.—1st 6s. 1908.
2d gold inc., 5s, 20 0 0 ............Mch 33 % 34
Lehigh C.&Nav.—M.4%s,1914.Q—J 110
115
Portl’nd&Ogb’g—lst6s,g. ,1900J &J 5112 113
Third Avenue 1st 5s, 1937.___J&J
109%
RR. 6s, 1897.......................... Q -F
93»«
Port Royal & Aug.—1st,6s, ’99. J&J
Tol. A. A.& Cad.—1st,6s,1917.M&S 92
Convert. 6s, 1394.................. M&S 101
Income mort., 6s, 1 8 9 9 ........ J&J 115
Tol. A. A.&Gr, T.—1st,6s,1921.J&J HO
111%
§105
110%
105»« Tol. A. A.&M.P.—1st,6s,1916.M&S
Mort. 6s, 1897........... ....1 5 J&D
Ports.Gt. F. & Con.—4^8,1937. J&D
91%
Consol, mort. 7s, 1911......J .& D 131
101
Pres. &Ariz. C.—1stg.6s,1916.J&J
Tol.A.Ar.&N.M.—1st,6s, 1924.M&N
ifdi%
15
25
Gen. mort. 4»2S, 1924-------- Q—F
2d inc. 6s, 1916......................J&J
1st consol. 5s, g. 1940........... J&J 87 %
Prov.& Worce8.—1st 6s,1897.A&O 107»« 109
Tol. & Ohio Cent.—1st, 5s, gu.1935 105 105% Man. Bob H.L gen.4sg.l940 .M&N 48
Min’p’sSt. R’y 1st con.58,1919. J&J
Raleigh & Gaston—8s, 1898.. .J&J 116 118
Tol. & O. C. E xt.—1st, 5s, g., 1938. §Mut. Un. T el—Skg.fd.6s,1911.M&N 108
Ren.&S’toga—1st 78,1921 oou.M&N 143 145
Do do g u a r ...........................
Nat.St’rchMf.Co.-l st,g.6s,’20 M&N 102% i0 2 7g
102
Rich.& Dan.—Gen.m., 6s, 1915 J&J 109 110
Marietta Min., 1st, 6s, g., 1915..
Debenture, 6s, 1927............. A&O 93
Tol.Peoria&W—1st,4s,1917. ...J&J 79% 79% New Eng. Telephone, 6s,1899. A&O §102% 102%
22
18
83
New Orleans Pac.—la n d grants...
Con. mort. gold, 5s, 19 3 6...A&O 82
Tol. 8t.L.&K.C.,lst,6s,1916...J&D »5% 96
N.Y.&Ont. L’d—lstg. 6s,19l0 F&A
88
Equip. M. s. f. 5s, 1909....... .M&S
Troy & Boston 1st 7s, 1924...J&J § 91
N.Y. &Perry C. & I. 1st g.Cs, 1920
Wash. O. & W 1st gu.4s,’24.F&A
Ulster & Del. con., 5 ,1 9 2 8 ....J& D *100
Rioh.Fr. &P.—Cons.4%s,1940. A&O
United Co’sN.J—Gen.6s,1901.M&8 §H 7 118% Northw’n Telegraph—7s,1904 J&J 103%
Ocean SS. Co.—5s, 1920..........
Rich. & Petersb., 6s, 1915___M&N 115
do
gen. 4s, 1923.....F&A 104
Oregon Imp. Co —1st 6s, 1910. J&D 103% iÖ3%
Rich. York R. & Ches., 1st 8s, 1894
do
gen. 4s, 1929.....M&S
70% 71
Consol. 5s, 1939......... .......A & O
2d mort., 6s, 1900................ M&N 100 102
sterling do
6s, 1894.......M&8 e103 105
64
96
Penn. Canal—6s, 19lO.......... ..J&J
97
Rich. & WestPt.Ter., 6s, 1897. F&A
do
6s, 1901.....M&S e llS 120
Penn. Steel—1st 5a, 1917___ M&N
Con. col. trust, 1st, 5s, 1914.M&S 68% 69
Union Pacific—1st, 6s, g, 1896.J&J 108
i'
o
'8
People’s G.&C.Ch -lst,6 ,g.’04.M&N
Rio Grande West., 1st 4 s, 1939 .J&J
1st, 6s, 1897................... .....J & J 109
102
2d
do
1901.............. J&D
90%
Rio Gr’de Juno.lstgu.5s,1939. J&D 88
1st, 6s, 1898...........................J&J 111%
100
Peoria Water Co. 6s, g., 1919.M&N
Rio Gr. South.—1st, 5s, 1940.J&j 85%
1st, 6s, 1 8 9 9 ..;...............
J&J 112%
100
106% 106% Pleas. Val. Coallst6sg.l94o.M & N 97% 101
Rome & Carrollt.—1st, bs, g., 1916
Po’k’psie Bridge—1st 6s, 1936. F&A 68
Rome W.&O.—Con.,ex.5e,’2 2 .A&O 114% 114»«
Om. Bridge, sterl. 8s, g., ’ 96.A&O e ll5 118
Rutland—1st M., 6s, 1902__ M&N 110% llu %
101% Proctor & Gamble 1st 6s. 1904__
Collateral trust, 6s, 19 0 8 ___J&J
St.L B'dge&Tun.—lst7s,1928.A&0
Equipment, 2d 5s, 1898.......F&A §100% 100%
Collateral trust, 5s, 1907---- J&D
95%
Tenn.C.I.&R.—T.dv.lst6s,’17A&0
St. Jo. & Gr. Isl’d—1st,guar.6s,1925. 99 100
Collateral trust 4»28,1918. .M&N 72%
95%
Bir. div. 1st con. 6s, 1917....J&J 95
36
2d mort., incomes, 5s, 1925........
Gold tis col. t’st notes, 1894.F&A 96% 96%
H
4
W’n
Un.—Deb.
7s,
1875-1900.M&N
t
96
80
Kan. C. & Om. 1st 5s, 1927..J&J
Equipment Trust 5s.......... ..A&O
Deben. 7s, 1884-1900..........M&N
St. L. Alt. & T.H. 1st M „ 7s, ’94. Yar 107
Kans. Pac., 1st, 6s, 1895___F&A 106%
Collat. trust cur. 5s, 1938.... J&J 103% 105
2d mort., pref., 7s, 1 8 9 4 ......Var 104»« 105
do 1st M., 6s, 1896.......J&D 108%
Woodst’ ck Iron—lstg.6s, 1910. J&J
lo4%
2d income, 7s, 1894..............M&N
do Den. Ext., 6s,1899.M&N 109
S T O C K S —R A I L R O A D . Par.
60
Div. bonds, 1 8 9 4 ............... .
65
do 1st cons. M.,6s, 1919 M&N 111% 112
Ala. Gt. South.— A., 6s, pref.,.£10 e 8%
9%
Bellev.&8.111.,1st,S.F.8s,’96.A&<) 115
Cen.Br.U.P—A.&P. P.6s,’95 M&N
3%
B, common.............................. £10 e 3
Bellev.& Car., 1st 6s, 1923..J&D 108 110
Fund, coupon 7s, 1895 ...M&N 100
1%
Ala. N. O. & Pac., &o., A, pref.£10 e 1%
85
....
Ch 8t It. fePad.,1st,g., 5s, 1917.. 100
Atch.Ool. &P.,lst,6s,1905Q.—F 83
do
do
B, d ef..£ 1 0 e
%
%
84
St. L S juth., 1st, 4s, 1931..M&8 80
At.J.Co.& W.,lst,6s,1905.Q,—F 83%
Alabama & Vicksburg.............
36
82
Co 2d, income 5s, 1931 ..M&S
U.P. Lin. & C., lst.g.,5s’ 18A&0
80
82% Aloany & ausqneh., Guar., 7. ..100 158 165
Oregon 8hort-L. & U. N. Consol..
Carb. & Shaw., 1st g.4s,1932. M&S 80
40%
Atchison Topeka & Santa F e ..100 40
St.L. So. W. 1st,g..4s, 1 9 8 9...M&N 72% 72%
Collat. Trust 5s, 1919.-...M &S ___ 83
97
2d, g., inc. 4s. 1989,...............J&J 34% 35
Oregon Short-L., 6s. 1922 .. F&A 106 106% Atlanta & Charlotte Air Line .. 100 93
Atlanta & West Point................ 100 101 102
St i.JUi.F.—2d bs, cl.A ,1906.M&N 114
Utalh So., gen., 7s, 1909........ J&J 104% 106
4%
4%
Atlantic & Pacific............. . ......lOu
2d M., 6s, class B, 1906....... M&N 114 115
do Ext,1st,7s,1909 J&J 102%
Augusta & Savannah,leased... 100 112 115
2d M., 6s, class C, 1906___M&N 114
Utah & Nor.—1st M. 7s,1908.J&J 108 112
Baltimore & Ohio............. ......1 0 0 100 101%
1st m. Mo. & W. 6s, 1919 . ..F&A el 04 114
Gold 5s, 1926...................... J&J 85
99
Benef. Int. Certs..................1 0 0 97
Equipment 7s. 1895...............J&D 100
75% 76
. . . U.P.Den.&Gulf con.,5.g.,1939. J&D
do
1st p ref.,6 ...........
100 130
General mort,. 6s, 1931........ J&J 108%
U. & BL R.—Con. 4s, g, 1922..J&J 102 102%
120
94%
do
2d,
pref...........................100
General mort., 5s, 1931........ J&J
Utica Clin.&Bing.lst5,1939...J&J
5 »i
83
4%
Balt. & O. S. W.—pref............... 100
1st trust, g., 5s, 1987........... A&O
Valley of Ohio—Con. 6s, 1921.M&S.
Beech Creek, guar..................... 50
Con. gu. 4s, g., 1990.............A&O 71%
Ver. & Mass.—Guar. 5s, 1903.M&N
Belleville & So. 111., pref.......... 100 135 150
Kan. C. &Sw., 1st,6s,g.,1916.. J&J
105
Vicksb. Sh. & Pac. —Prior lien, 6 s ..
Boston & Albany........................ 100 X 05% 206
Ft.8.& V.B.Bd.,lst,6s, 1910.A&0 102
Va. Midl’d.—lstser., 6s, 1906.M&S 116%
Boston & Lowell......................... 100 174»« 175
St.L.K.&So.W. -1 s t 6s, 1916M&8
2d series, 6s, 1 9 1 1 ............M&S 115%
Boston & Maine....................... ..100 167% 163
Kansas Mid.—1st, 4s, 1937. J&D
3d series, 6s, 1916................ M&S 108%
90
do
do P r e f........... ...100 144% L45
St. Louis Salem & Arkansas—5s. t 92
4th series, 3-4-5s, 1921......M & S
8t. L. W. & W., 6s, 1919.......M&S tl09
103% Boston & N. Y. Air-Line, p ref.. 100 102
5th series, 5s, 1926......... ....M &S
83
Boston & Providence................. 100 253% 254
St L. V. & T. H.—1st M., 7s, '97. J&J 111%
General 5s, 1 9 3 6 ................M&N 82
2d mort., 7s, 1898................ M&N 105
82
84
Boston Revere Beach & Lynn.. 100 140 H 0%
do
guaranteed, stamped.. . .
33
2d, 7s, guar., 1898............... M&N 108
Wabash—1st gold5s, 1939...M&N 104% 104% Brooklyn Elevated.....................100 30
§1; P. & Dnlnth—1st. Ks. 1931 .F&A 105 110
38% 39
2d gold 5s. 1939.................... F&A 8<»% 81 1Buffalo Rochester & Pittsb.......100
f Price nominal. § Purchaser also pays aoerned interest, e In London i Coupon off, a Price per share,
t In Amsterdam { In Frankfort.
478
THE CHRONICLE.
I V o l . L IV .
GENERAL QUOTATIONS OP STOCKS AND
BONDS— C o n t in u bd
F o r E x p la n ation s See Notes at H ead o f fflrst Page o f ttn atatlon s.
Bid. Ask.
Bid. Ask.
M is c e l . S t o c k s .
R a il r o a d Sto ck s .
Bid. Ask.
R a i l r o a d St o c k s .
M is c e l . S t i c k s .
Bid. Ask.
Bolt. Roch.&P.,pf.100 81% ■<82% Oehigh Valley........ 50 8 57% 57% Sh. Paul & Duluth. 100 4 3 ig 44% Pitstburg Gas C o.. 50 s 74
76
Do
do
Pf.100 103% 104% Portland. Me., «■ y, 50
168 169
B. C. R. dtNorfh..l00 50
St. P.Minn. <feMan. 100 113 115
California Pacific-100 15
Little Schu’k’l........ 50 *......... 69
St. Louis. Laclede. 100, 18% 19
Shore Line............. 100 sl69
102 104
Camden & Atlantic.50
50
South Carolina___100
20
1% 2 % Salem, Mass........ 100
do
do Pf 50 8 27
Lon. Evans. & St. L.100
83
85
50
South. Cal. pref....l<0
623?
Canada Southern. 100 62
6 8 % 68%
75% Southern Pao. Co.. 100 38
38
Caiadian Pacific. 100 88% 89% Loolsv. & Nashv..l00 75
Wash’ton City G. L . 20
1(0
Louisv.N.A.&Chle.lOO 25% 25% B’west., Ga., g’d, 7.100
9
Gatawissa............... 50 8 ........
23% Summit Branch.Pa.50 8 6
6% N .Y . Sc B R ’ K L Y N
Louis. 8t L.dt Tex.100 22
•do
1st pf..50 8 61
Sunb’ry dt Lewist’ n.f 0 8 ......... ____
5
6
do
2 d p ref..5 0 * 60%
Louisville South’n.lOC
H ORSE R R S .
Terre H. Sc Ind’nap.50 92
Mahoning Coal RR. 50 85 100
95
CedarP. & Minn.. .100 __
L ocal
Securities
in
Texas Sc Pacific ... 100 11
11% C h r o n ic l e each, week
do
Pref.. 50 110 112
Cent, of Georgia... 100
78%
Tol. Ann Arbor dt N. M 24% 25%
16% 17
Central Mass.........100
Maine Central___100 112% 113
except 3 d o f m on th .
Tol. Sc Ohio Cent’1.100 49
52
Man. dt Law’ce___100 229% 230
do
pref. 100 34% 35
do
Pref... 100 83
Cent, of N.J...........100 141 142
Manhattan, con... 100 112% 114
86
TELEGRAPH,
Tol. Peor. deWest. 100 20%
30
15
Amer. TeLdt Cahle.lOO g03g 91 \
Central Ohio............50 s 54
Tol.St.L.ds K. City.. 100 21
do
Pref.. 100 90
21% Cent. <& So. Am. Cable 125 “ 135
do
P re f...50 8 ........ 58
do
pref.. 100 31
31% Massawippi.......... 100 114% i l 6
31
Central Pacific___100
31% Commer’l Cable ColOO 150 155
U.N.J.RR (feC. Co.100 226%
Memph.di Chari....25 50
Franklin........ . 100
Central of So. C ar..50
25
25
Mexican Central ..100 19% 19% Union Pacific........100
Char. Col. & A u g..100 17
46% 47% Gold dt Stock.......100
93
Un. Pac. Den. <feG. 100 20% 22
1 v?ft 2Oft
Ches. & O.-Yot. Tr. cer 25% 257s
61
62 r Michigan Cent___100 111 111% Utica dt Black Riv. 100 145 150
do
1st pf.100
Northwest, guar___50
85
do 2d pref. 100 42% 43% MU. Lake S. & W..100 94 ____ Vt.& Mass.,l’sed,6.100 140 140% Pacific dt Atlantic__
65
50
143
57
130
Virginia Midland.. 100
Chicago dt Alton.. 100
147
58
70
Mine Hill dt S.H ....50 s 69
13
do
pref. 100 160
13%,
Chib.Bur. Sc Quin.100 108% 108% Minneap& St.L... 100
9%
9%
do
pref. . 100 29% 3Ô " Western Union___100
89% 89%
20
22
TELEPHONE,
Chic.Sc East. 111... 100
Warr’n(N.J.),i’s’d,7.50 145
17
17% West End (Bost.)...50
■76%'
do
pref. 100 100 102
204- 205
Chit. Mil. dt St. P.100 77% 77 %
do
p ref... 100 29% 30
do. pref. (Bos.) 50 8 87
87% Erie........................100
46%
46
do
pref.. 100 127% 127% Missouri Pacific... 100 62% 62% West Jersey............ 50 8 56
Chic. & Nortfiw’n.100 121% 121% Mobile & Ohio.......100
40
West Jersey & Atl.; .50 s 18
1 *05 1*10
98
do pref., 7.100 144%
Western Maryland.50 8 16
18
97
9
15
West. N.Y.ife Penn. 100 s 8%
51 %
Chic. & Nor. Pao . 100 14
51
Chlo. R. I. & P ac..l00 89% 8958 Nashv.Chat.dTst. L.25 86
88% Wheel. Sc L. E .......100
33% 34
Tropical....................10
35c. 40 c
_
_
48%
48%
Nash.
&
D
ecatur...25
do
pref.100
75
C. St.P.M.&O.,ooml00
76
T R U S T CO’ S
Nashua & Lowell.. 100 203 204
Wil. Columbia dt A. 100 107
- do
pref. 100 113 117
Am. Loan & Trust.100
10
Naugatuck.......... 100 «246 248
Wilmington dt Nor..50
Ohio. dt West Mich. 100 53% 54
400
N’squehoning Vall’ySO 8 52%
Oin. Ham. Sc Day. 100 124
iVilm. dt Weldon, 7.100 117
4ft0
63
New H’n & North.. 100 8 88
90
Winona dt So.WestlOO
6
Clno.N.O.&T.Pac. 100 61
8
Central...................100 lio O 1250
Cin. Sand. dt C.pf. 50 58% 58% New London Nor.. 100 140
Wisconsin Cent. Co 100 IP
18% Continental.......1 0 0
145
........
Cinoin. dt Spring___
N. Y.Cent.dt H.Riv.100 116% i.17
do
Pref.100 40
42
Farmers’ Loan dt Tr.25 700 730
CleveL Ah. Sc Col. 100 t 28% 28% N.Y.Ch.dtSt.L.newlOO 19% 20% Wor.Nash.dt Roch. 100 120 120% Franklin...............100 230 250
5%
5%
Cleve. & Canton.. 100
do
1st pref.100 76% 80% C O A L Sc M IN IN G
Holland ................100
175
20
do
2d pref . 100 41% 43
do
pref. 100 19
Kings County.......100 200 2u8
S T O C K S . N .Y .
N. Y. & Harlem ....5 0
Cley. C. C. & St, L.100 71% 72
170 178
95
85
1
99% N.Y.Lack.dtWest...l00
do
pref.100 99
2
200 220
N. Y.L.ErieA West.100 33
33%
36% 37
Cl. & Pitt.,guar., 7. 50 150 155
115
25
Col. dt Green.,preT. 100
do
Pref.100 76
76%
91
290 300
Col. H. Val. dt T ol.100 31
31% N. Y. & N.England.100 49% 49% Col. dt Hock.C. & 1.166 15% 16% Metropolitan. ... ..100 280 29Ö
71
do
Pref. 100 101 102
Pref.subs.2d ins. p’d 70
27
29
160
Col.&Xen.,gu.,fc25 50 x77% 179
N.Y.N H.dt Hartf.lCO 225 228
N. Y. Life dt Trust.100 700
Homestake Min’g.100 13
Con. dt Montreal—
N.Y. & North., com . 100
25
15
19J 197%
Peoples’ . Brooklyn 10 0 225 230
C1.I (B.C.&M. pf.100 137 137%
do
' pref.100 17
25% 27
18
Maryland Coal___100
........
Class IV. (Cone.) 100 169 170 N.Y. Ont. dt West.. 100 20% 20% Minnesota Iron.... 100 78
Real Estate L.<fe T. 100 155
82
Sgi 1
1 uO 200
N. Y. Pa. d t O ............
10
12
Con.&Ports.,gu.,7 100 180 182
do
pref........
Conn. APassump.lOO 118% 119
43%
740 775
1% 1%
N. Y. PhU. dt Norf.100
275
Connecticut River 100 230 231
760 780
41
N.Y. Prov. dt Bost.100
Cons, of Vt., pref 100 40
3
Î75
7% 15
N. Y.8usq.& West’nlOO 13% 11
Current River.......100
21
M ISCELLANEOU S
do
pref.100 19
54%
do
Pref.100 58% 59% Tenn.CoaldtlronColOO 47% 48
STOC KS A N »
Danbury dt Norw’lk.50 8 53
N. News &Miss.Val.Co 11
TRU STS.
Day. & Mich., gu.. 50 76
14
do
pref.100 100 110
Adams Express... 100 145 147
Norf.dtWest,, com .100 14% 16
do pf., gu., 8.50 175
E L E C T R IC
50% 51
47
Del. Sc Bound Br’klOO
45
Am. Cotton Oil___100
Delaware & Hud. .100 139% 140% No. Pennsylvania..50
65
37% 37%
83% Brush, Bait............100
do
pref.100 71% 72
Northern Central... 50 8 69%
2
4
Del. Lack. & West. 50 159 160
Northeastern.......... 50
96% 98%
117% 119
Del. dt New Eng...100
50
Denv. dt Rio Gr.... 100 18% 18% Northern N. H.......100 139 140
Edison 111. Co. of N.Y. 81% 82% Amer. Sug.Ref,Co........
9 i% 9478
53% North’n Pac., 00m . 100 23% 24
do
pref........
do
pref.100 53
“
“ “ Bklyn. 78
81
97% 97%
6
7
Am.
Tobaoeo
Co.,
pref
98%
Des M. & Ft. D’ge 100
do
Pref.100 67% 67% Edis’n Phon.ToyMf .Co.
18
Norw.A Worcester.ioo 175 175% Ft. Wayne Elec. Oo..25 s 12% 12% Aspinwall Land___10 sx 9% 10
do
pref.100 13
4
21$
Det. Bay City & A. 100
6%
4
Det. Hills. & 8. W.100 89% 90
Boston Water Power.. s 3%
Ohio & Miss...........100
21% 22% North Amer. Phon. Co.
5 ~ 6
6
Det. Lan. dt North. 100
10
6%
Brookline (Mass.)L’dö s 6
do
Pref.100
Onto Southern.......100
do
pref.100 37% 38
27% 28% Thom.-H. Elec.Co...25 s 58% 58% Brunswick Co.......100
9% 12
6
a 2S%
Duluth S. S & Atl.100
29
63%
172% 173
15
C. J. R’y’s U. St’k Yds
76
do
pref.100 14
Om.& St. L............. 1ÖÖ
do T.Sao.Ser.C.10
9
E. Tenn. Ya. «feGa.100
do P r e f.....___.100
678 7%
do.
pref__ 100
do
do Ser.D ...
80%
8%
50
83
106
do 1st pref.100 40
102%
185
89
do 1st pref.non-e. 100 § 9 8
100
do
pref.. 100 102
do 2d pref.. 100 17% 18% Or. S. L. dt Utah N.100 28% 29%
58
d o id pref.non e.100 §109 101
East Pennsylvania.50 8 57
Pennsylvania RR. .50 8 54% 55
Thom. Welding Co.100 55
60
Eastern in N. H .., 100 69
70
12% Con. Kan. C.S. 6c R.,25
Penn. & Northwest.50
12
47
Eliz. Lex. dt Big S.100 12
25
40
50
Elmira & W’msp’t .5 0 8 48
■
’ eoria Deo. S c Ev.-lOO 20
Westing. El.L.rccts.50 8 16% 16% Dist. dtC. Feed. Co.100 46% 47
21
70
5%
do Pref....... 50 s 68
Peo. & Eastern.... 100 12% 15
Consol., new ...........
26% 27% East Boston Land. ... s 5%
Frenchman’s Bay Ld. S 5*8
Evansville & T. H .. 50 128 130
Petersburg........ ... 100 84
50
5%
42
85
20% Phila. & E rie.......... 50 K 39
Hackensack
Water,
25
..........
Fitchburg...............100 20
G A S ST O C K S .
do
pref., 25
do P re f....100 87% 88
50% 51
26% Phila. dt Read. cert.50 5778 58
Flint dt Pere Marq. 100 25
Bay State................... 50 8 28% 28% Henderson Brldge.100 1Ö8 % 109
Illinois S teel. . . . . . 100 75
75%
do
pref.. 100 82% 84
Phila. & Trenton.. 100
Brookline, Mass... 100 110 112
Fla.Cen.dtP. -V.T.Cer. t 8
8% s m ia . W H ip A Balt 50 8 53
4
2
Keeley Motor........ 5o
do lstpref.cum .100 t 85
Brooklyn ................ 25
Pitts. Cin. O.diSt.L.iLOi)
120
25
26%
Laoison Store Ser. .50 s 15% 16
Citizens’ ____ ____ 20 io i% 102
do 2dpf.non-eum. 100 1 31% 33%
do
pref.100 62%
Lehigh Coal dtNav. 50 s 54% 55
6%
8
Georgia Pacific... 100
Fulton Munieip.100 133 134
Pitts. dt ConneU’e..50 8 8
10
Lon.&N.Y.L.dtl.Co..50 .......... . . . . .
Ga. RR. & B’kg Co. 100 178 181
Pitts.Pt.W.A C.,guar.7 153%
MetropoUtan___ 100 102 103
7
Manh’tt’n B’oh Co.100
7% Pitts. Junot............. 50 s 28% 30
Gr. Rapids & Ind .100
5
4
138
Gt. North. Ry. pref.. 137 145
Maverick L an d.... 10
Pitts.M.K.&Yough 50 120
2%
27s
People’s................ 10
84
86
Gr.B. W. &St. P ...1 0 0
8 45
1*24
10% 11*
114
47
$ QQ
12
do
P r e f...100
10
Har.Por.Mt.J. dt L ..50
80
76 •
21
40
■200
do pf.,gu.l0.100
Hartf’d&Ct. West.100 27% 33
Chartiers Valley..100 8 9
Pitts. Youngs.dtAsh. 50 8 33
9%
40
Mt.
Des.
dtE.S.Land-5.
Housatonio pref.. 100 46
8c. lOo.
do
p ref___50 8 55
107% 108
Hous. & Tex.Cent. 100
3
5
9J% 94
Port. Saco dt Ports . 100 127 127% Chic. Gas tr. re c ...l0 0
74% 74% Nat. Cordage.... . — ..
Hunting. & Br.Top.50 £ . . . .
27% Port Royal & Augusta
do
P r e f..... 105 106%
Cinoin. G. dt Coke. 100 197% 198%
15
20
33
National Lead C o.......
do
Pref.50 8 47% 47% Prov. & Spring___100
32
41
40
83
106%
do
p
ref..........
Illinois Central... 100
106%
82
30
Nat. Linseed Oil Co...
do leased l.,4p.o. 100 92
31% 32%
Rens. dt Saratoga .. 100 170 173
Indianapolis, In d ..50 100% 103
11% 12% Rich. F. dt P.,com . 100 120 124
Nat. Starch M. Co. LOO 40 ‘ •43
Io wa Central.........100
Jamaica Pl’ n.MasslOC 140 142
do
Pref.100 49
51
1st P ref ..................... 101% 103
Richmond dt P’b’g.100
175
105
104
Iowa F.dt Sioux C ity.
2d Pref ........ ..............
Rich. dt W. P.Ter?. 1ÖÖ 15% 1514
43
Kan. dt Mich, certs....
10
13
N.
Y. Loan Sc Impr’t . ..
do Pref— 100 70
134
40
133%
Lawrence,
Mass
.
.
.
100
71%
Jefi. M. Sc lnd., I’d .100
89
127 127% N. Y. dt Texas Land . . .
Kan.O.Ft.S.&Mem.lOO 42% 45
247% 248
Rio Grande West.. 100 3 7 % 33
Kan.C.Ft.S.& G.pf.100 107 110
North AmerioanColOo
do
pref.100 72% 7 3 % Lynn, Mass., G. L..100 160 161
15% 16
Kan.O.Mem.dt Bir.loO
17
21
110 112
136 138
Kan.C.Cl’n & Sp’d.100
8
28
13
Rutland
.100
4
32%
25
Kentucky Cent... . 100 40
50
Pacific Mail SS. Co. 106 36% 36%
do
Pref., 7..100 67
N. Orleans Gas L.100
98
99
69
Keokuk s, Des M..1C0
3%
6
Pennsylv. Steel... 100 sl03% 104%
St. Jos.dc G’d Isl’d.lOC
6
N.Y. City- Central.5(
90
9
Ort.rf..lOO
j;
do
pref.. 100
10
13% Sü.LouisAlt.&T.H.lOO
34% 38
112 112% P.
Keokuk <&West’n.,100 37% 50
do
Pref.100 135 :
143 145
Kingst’ adtPembr’ke50
ISt. L. &8. F. 1st pref. 100 76
130
Lake Erie & W ....100 257e 26% |St. L. & So’ w est...l0 0
Pref. 8 p. 0 eaat.lOI
Standard Gas,pf.100 91
93
8%
9%
do
Pref.100 75% 76
19Ô
PuUm’nPala.
do
Pref. IOC 17% 18% Newton dt Wat’n ..l0 ( 165 170
L. Sh. & Mich. So. .100 133% 1134 St. L. Van. Sc T. H.100
San Diego Land.
33
PhUa. Co. Nat. Gas.50 37
' Price nominal.
§ Purchaser also pays accrued interest.
8 Quotations dollars per share. « In London.
March 19, löfc2.]
ö-E>iERA.Li QUOTA.TEON'8 OP
M iscellaneous St ’ k s .
479
THE CHRONICLE
Manu fact ’ g Sto ck s .
Bid.
S
Ask.
COOKS A.>TD BO'iDS—C o n c l u d e d
B ank Stocks .
Bid.
Ask.
I nsurance Sto ck s .
Seventeenth Ward.1< ¡0
Newmarket.......... 500 315 320
St. Louis B’dge,lstpref
Sprague.................. 100 182
Osborn Mills(F.R.) 10" 107 110
2d pref. cert...... 100
Pacific (Mass.)...1000 1675 16S0 26th Ward..............100
St. Louis Tun. RR.100
115
Pepperell (Me.)....5 0 0 1330 1305 Wallabout.............. 100
St. Louis Transfer Co.
Chicago.
121
Pocasset ( F .R .)...100
Standard O ilTr’t.lOO
145
140
American
Exch.
Nat..
98
Rich. Bord’n (F.R.) 100
60
South’ll CottonOii .100
L16
Atlas National............ 115
80
Robeson (F. Riv.) 1000
Texas Paoifio Coal
300
117% Chicago Nat..........100
Sagamore (F.Riv.).lOO
16
Tex. & Pae. L’d Tr. 100 15
320
300
Commercial
Nat...
100
240
SalmonFalls(N.H.)300
235
52
48
U. S. Express....... 100
L60
103% Continental Nat... 100 155
Shove (Fall Riv.).. 100
Wells Fargo Exp.. 100 144
First National.......100 345 365
60
West End Land (Boat.) s 19% 197s Slade (Fall R iv ).. 100
L20
112
Fort Dearborn N a t....
119
Stafford (Fall Riv.)100
West’nUnion rieef Co. lllfi 13
L60
Stark Mills(N.H.)IOOO 1210 1215 Hide and Leather. 100
M IN IN G S T O C K S
500
.......
Merchants’ Nat...100
104
Tecumseli ( F. R .).. 100
(N. Y. & SAN. FRAN.)
220
200
Metropolitan
Nat.100
1250
Thorndike(Mass.)1000
1200
1-25
•95
Adams Cons................
Nat. Bk. of Am er..l00 144 ........
•05 Tremout &A (Mass) 100
American Flag............
300
220“ Nat. B’k of Illinois.100
Union O. Mf. (F.R.) 100
•75
Alice.............................
Northwestern
Nat.100 895
107
Wampanoag
(F.R.)
100
Alta Montana........100
170
Union
National..
.100
55
•02 Washingt’n (Mass.) 100 45
•01
Astona.........................
do
pref............. . 105 107
Barcelona....................
43
C
in
cin
n
ati.
Weetamoe (F. R.).100
•10
Belle Isle.............. 100
29% Atlas National ...1 00 114%
•50 •60 Aillim’tio Linen Co.25 26
Belmont.............York Co. (M e.)....750 1055 1060 Citizens’ National.100 235 237%
2'15
Best & Belcher............
Commercial Bank..50 110 120
•40
Bodie...................... 100
Equitable Nat.......100 117% L30
B A N K STO C KS.
•25
Breece..........................
93% 95
Fifth National ....1 0 0
B
a
ltim
o
re
.
•40
Bulwer_____ ....1 0 0
First National___100 265 288
Bank of Baltimore 100 145
1*05
Caledonia B. H ....1 0 0
250
245
Fourth
National..
100
17
Bank
of
Commerce.
15
Consol. California. 100
19% German National. 100 197 200
Citizens’ ....................10 " l9
Con. Imperial.............
L21
118
Market
N
ational..
100
132
Com.
&
Farmers’
..
100
•95
Chollar................... 100
Merchants’ Nat’l-.lOO 139 L41
•21
Farmers’ B’k of Md.30 45
Chrysolite................50
340
335
N
ation
al
Laf
ayettelOO
60
•18
Farmers’
&
Merch..40
•17
Comstock Tunnel st’k.
L40
Ohio Valley Nat’1.100 138
48
4-75 5-18 Farmers’ &Planters’ 25
Consol. Cal. & Va.......
.....
Second National ..100 375
FirstNat. of Balt.. 100 117%
•70
Crown Point..........100
Third National. ...1 0 0 162 L84
German American. 100 115
Deadwood terra.......... 1-90
310
Western
German..
100
10%
•05
Howard......................1 10
Denver City Con........
Marine............... ....3 0
37
Dunkin.......................
N ew Orleans.
•50
Mechanics’ . . . . ____ 10
13
El Christo.......... . . . .
American Nat.......100 112% 120
Merchants’
.
.
.
.......
100
145
1-95
Eu’kaCon...............100
15%
Bank of Commerce. 10 15
131
National Exch’ge.lOO
•25
father De Smet. . . . 100
Canal & Banking. .100 165 173
People’s....................20 18
Freeland
83%
86%
Citizens’ . ._____...1 0 0
Second National.. 100 180
Gould&Curry s.30.100 1-40
Germania Nation’l. 100 212% 2-t 0
99
Third N ational.... 100
Hale & Norcross..l00 1*35
200
205
82
3-55 3’65 Union........................75
Horn Silver
155
36%
1*20 Western....................20
Iron Silver............... 20
165 172
B o s to n .!
Iron Hill
100 104
142
0
0
141%
A
tlantic..............1
Kings. APembr’ke Iron
710
........
•04
Atlas.......................100 123% 124
Lacrosse.................. 10
110
114
102%
---People’s
.
.
.
.
.
.
Blackstone...........100
102%
•18
Leadville Consol___10
103
106
•25
Boston National..100 110% 112
Little Chief............. 50
........
190
Boylston......... ....1 0 0 128 130
M exican................100
......
•70
Broadw ay............ 100 135
M ono. . .
126
123%
209
•15
Bunker Hill...........100 207
Moulton
325 360
•05
C en tra l............1 0 0 145 148
Navajo .................. 100
•10
City......................1 0 0
94% 95
North Belle Isle
N ew Y o r k .
Columbian............100 107 107%
285
Ophir.......................10
207 210
•08 Commerce............1 0 0 130% 131
Oriental & Miller........
152 153%
100
Commercial..........
100
98
•45
Phoenix of Arizona___
305 312
Commonwealth.. .100 190 191
1-75
Plymouth.....................
270 ........
133
100
132
Continental..........
Potosi..................... 10o
182 190
Eagle...................... 100 105% 106
Rappahauock............1
128 135
131
•41
E
liott.
.
.
.
.
.
.
.
.....1
0
0
130%
Robinson Consol__ 50
455 ........
1*35
E v e r e t t..............100 100% 103
Savage
420 ........
140%
Exchange........
...1
0
0
140
1*65
Sierra Nevada.......100
4400 4800
1-45 1*60 Faneuil Hall ......1 0 0 139 141
Standard................100
475 500
City.
First National.....1 0 0 245 250
150
Union Consol........ 100
155
165
First Ward............. 100 131 133
*80
Utah............. .
250 ........
Columbia.
Fourth National. ..100 122 125
100
Yellow Jacket
186 188
Freeman’s . . . ........100 109% 102
BO STO N M IN IN G .
.......
130
Globe...................... 100 101 101%
(See Page 472.)
252 255
Hamilton............1 0 0 121 123
M A N U F A C T ’ IN G .
........
115
Am. Linen (F.Riv)..100 100 104 Hide & Leather ...1 00 127% 128
150 . .......
Amory (N.H.).......100 133 133% H ow ard.... .......1 0 0 118% 119
200 ........
Amoskeag (N.H.) 1000 2107% 2110 Lin coln ......... .....1 0 0 108% 109
2000 ........
105
Manufacturers’
...1
00
«104
150
147
Androscog’n (Me.).100
320
Fifth National.
Mlarket................... 100 100% 101
Appleton (Mass.).1000 600 610
j
2500 ........
98
8434
Market
(Bri
ghton)
.100
96
85
Atlantic (Mass.)... 100
109 ........
Massachusetts___100 105 105%
Barnaby (Fall Riv.)... 125
)
170
........
131%
Mechanics’
.............
100
131
"86%
Barnard Mfg. (F.R.)..
) 195 200
Merchants’ ............ 100 152% 153
Bates (Me.)........... 100 i 30 135
3
315
........
98
Boott Cot. (Mass.) 1000 1350 1355 Metropolitan........ 100 96
3 400 ........
134 Monument. . . . ....1 0 0 235 250
Border City Mfg. (F.R.)
German American. 5 120 ........
Boston Co. (Mass.) 1000 1070 1075 Mt. Vernon........1 0 0 138 139
3 335 360
New England. . . . . 100 162% 164
Boston Belting___100 206% 207
_
3 330
North....................1 0 0 141 143
Bost. Duck (Mass.)700
5 150
Chaoe (Fall River). 100 103 107 North America.... 100 125% 126
3
345
120
90
Old B oston .......... 100 118%
Chicopee (Mass.) ..100 89
3 145 ........
People’ s .... .......1 0 0 164% 166
•Cocheco (N. H.)___500 380 385
3 580
Collins Co. (Conn.) 100 99 100 Redemption .......1 0 0 128 130
3 180 195
20% Republic................ 100 162 164
Continental (Me.).100 20
3 240 260
45
R e v e r e ........ ....1 0 0 106% 108
Cres’tMills (F.R.).IOO
3 400
Rockland............... 100 160% 161
Crystal Spr. Bl. (F.R.)
3 181 182
Manhattan.......
95
Second National... 100 201% 202
DavolMills (F.R.).100 92
3 ........ 225
805
Security.................
100
220
Dwight (Mass.)___500 802%
191
Edwards (Me.) ....100 115% 117 Shawmut...............100 127 127%
5 180 220
98%
Everett (Mass.).-New 88% 89 Shoe & Leather... 100 98
3 222
107% South E n d ............ 100 101% 103
Flint Mills (F.R.) .100
3 153 155
franklin (Me.)....1 00 101% 102 State..................,..1 0 0 126 126%
9 125 130
Suffolk...............1 0 0 107% 108
G l’be Y.Mills(F.R.)100 116
0 10%
108%
245 Third N ational.... 100 108%
Granite(F R.)........ 100
3 400 ........
Great Falls (N.H.). 100 114% 115 Traders’ .......... ...1 0 0 100 100%
9 ........
Hamilton (Mass.) 1000 1035 1040 Trem ont. . . . . . . . -.100 107% 108
) 300
Hartf. Carpet (Cc.)100 95% 98% Union..................... 100 140% 142
0 165
120
61
Washington...........100 118
Hill (Me.)............... 100 60
(3 235 240
Holyoke W.Power. 100 300 ____ W ebster.... .......1 0 0 101% 102
6 605
Jackson (N. H .)..1000 1000 1010 W in th rop..............100 115% 117
0 130
King Philip (F.R.).IOO 120 ......
B r o o k ly n .
0 107. • 113
Laconia (Me.)....... 400 602% 605
Bedford.................. 100 175
0 160
140
640
B
roa
d
w
a
y...........100
Lancast’r M. (N.H.J400 630
0 165
107 B rook ly n ..........1 0 0 170
L’rel Lake Mills (F. R.)
5 230
Lawrence (Mass.) 1000 1510 1525 City National..........50 4 (5 420
0 190
Lowell (Mass.)___690 670 675
Com m ercial.... ....6 0 160
0 310 325
132
Lowell Bleachery.100 100% 101
Fifth A v e n u e ...... 100 125
People’s . . . . . . . . . . . . . . 5 290
LowellMaoh.Shop. 500 647% 650
First National___100 510
0 125 135
Lyman M. (Mass.). 100 69% 70
Fulton.....................40 200
0 123 127
Manchester (N.H.) 100 144% 145
Hamilton.............1 0 0 115
0 170 180
Mass. C otton ___1000 1025 1030 Kings County....... 100 126
0 174 180
Mechanics’ (F. R.) 100
97
Long Island.......... 100 140
0 325
Merchants’ (F. R.) 100
120 Manufacturers... 30 200
0 125
Merrimack(Mass) 1000 1145 1150 Mechanics’ .............. 50 272 280
0 150 ¿60
Middlesex (Mass.). 100 135 140 Mechanics’ & Traders’ 240 260
0 110
St. Nicholas..
Nashua (N. H .)___ 500 515 520
Nassau ................ 100 280
>0
108 115
State of N. Y .
Naumkeag (Mass.)lQQ 10*%|lP3% North Side. .......... ion . . . . .
Vi
Vt
P h il adelph ia.s
B
C
C
F
F
G
K
W.
¡y
N
Ask
298
109
146
96%
90%
140
50
P
S
w
......
235
105
240
90
105
St. L o u is,
r. Exchange...50 180 190
145 147
475 500
113 115
350
240 ......
121
117 119
212 216
Nat’1.,100 132% ......
125 130
118% 119%
A
h
C
0
F
F
II
L
y.
y
s
T
A
E
F
P
Bid.
100% 105™
107
200
120 1221%
225
...... T
....... T
San F ran cisco.
1
1.
C
E
h
C
P
IB IN S U B ’ CE
STO C KS,
rtford. C onn.
s
A
A
E
E
C
C
C
E
1
1
t
C
C
(
I
]
I
]
]
N ew Y o r k .
70
261 263
172% ......
140 160
257
124%
343
140
93
195
99
55
120
75
120
105
225
200
65
85
285
165
70
110
60
125
140
.100
160
50
75
135
60
125
70
135
130
..50 140
108
80
125
160
310
]
ï
:
]
:
\
350
96'
196
100
65
140
80
125
110
75
235
215
80
100
295
175
90
140
75
135
145
170
55
90
145
70
135
75
145
140
145
120
95
140
175
330
ANCE S C R IP .
1888.
1889.
1890.
1891.
100
101
102
103
5
101
101%
102%
104
10
P R IC E S O F E X C H A N G E
M E M B E R S H IP S .
$23,000 ask.
LY . Stock.
22,000
Last sale..
250 ask.
225
Last sale, Mar. 15..
950 ask.
900
Last sale, Feb. 1 0 ...
L Y. Cotton................ 400b. 500a.
475
Last sale, Feb. 2 4 ...
L Y. Coffee.................. 225b. 300a.
275
Last sale, Mar. 1—
40 ask.
Last.sale.
1070b1100a
Last sale.......... .
17,500 bid.
Boston Stock___.. .
Last sale, Mar. 1 ... 18,000
Philadelphia Stock.. 2500b 2550a
2,500
Last sale................
Chic. Board of Trade
Last s a le ..............
1,365
Chicago Stock..........
875
Last sa le,...............
l Pittsb. Pet. St’k & Met. 500b. 510a»
a E x rights. ‘ Prices nominal. t Boston bank quotations are all ex-dividend, a Price per share—not per cent. 175 per cent paid in cash.
480
THE CHRONICLE.
% n m stm zn t
R oads .
AN D
R a ilr o a d ft t ie llig m c e .
The I n v e s to r s ’ S u p p l e m e n t , a pamphlet o f 150 pages
contains extended tables o f the Stocks and Bonds o f Railtoads, and other Companies, with remarks and statistics con
cerning the income, financial status, etc., o f each Company.
It is published on the last Saturday o f every other month—
viz., January, March, May, July, September and November,
and is furnished unthout extra charge to all regular sub
scribers o f the C h r o n ic l e . Extra copies are sold to sub
scribers o f the C h r o n ic l e a t 50 cents each, and to others at
$1 p er copy.
The General Quotations o f Stocks and Bonds, occupying
six pages o f the C h r o n ic l e , are published on the t b i r d
S a t u r d a y o f each month.
RAILROAD EARNINGS.
Latest Earnings Reported.
R oads .
Week or Mo
1891-2.
1890-1.
Jan. 1 to Latest Date.
1891-2.
1890-1.
*
$
Allegheny Val.. January..
177,557 198,016
177,557
198,016
Atch.T. &S. Fe.. lstw kM ch 534,541 478.918 5,310,541 4,898,402
Half ow n ed ... lstw kM ch
28,818
32,571
289,810
259.485
Total system. lstw kM ch 563,359 511,489 5,600,350 5,157.886
B tL.& 8anP .. lstw k Meh 127,453
98.463 1,113,955 1,051,717
Half owned.. lstw kM ch
28,175
284,061
31,990
253,941
Tot.S.L.&S.F. lstw kM ch 155,628 130,453 1,398,016 1,305,657
Agg. total .. lstw kM ch 718,986 641,941 6,998,365 6,463,542
Atlanta & Ch ar.* November,
72,192
74,228
Atlanta AFlor’a December
15,593
14,503
119,530
130.783
Atlanta & W.Pt January..
36,879
52,712
36,879
52,712
B.&O.EastLines February. 1,385,211 1.305.020 2,920,622 2,751,005
Western Lines February.
479,848 404.000
989,545
861,468
T o ta l.......... February. 1,865,059 1.709.020 3,910,167 3,612,473
Bai. AO. South w, 2d wk Meh
51,556
42,519
516,047
442,162
Bath & Ham'nds October..
4,453
5,727
22,391
21,575
Bir. & Atlantic. February.
3,304
4,211
6,059
9,864
Bir.Sh.&Tenn.R January...
19,055
16,251
19,055
16,251
B uff. Roch. <tePitt 2d wk Meh
50,620
49,315
556,269
470,407
Bur.C.Rap.&N. February.
336,497 265,851
668,308
517,585
Camden &Atl.. January...
33,676
40,246
33,676
40,246
CanadianPacilic 2d wk Meh 348,000 329.000 3,778,102 3,349,715
Cp. F’r&Y ad. Val December.
42,590
46,103
583,357
555,209
Car.Cum.G&Ch. November.
3,898
3,484
41,429
26,778
Car. Midland... November.
7,370
5,176
Central of N. J .. December. 1,155,408 1,176,896 14,201,767 13,663,726
Central Pacific.. November. 1,401,127 1,390,900 15,504,798 14,683,529
Central of S.C.. November.
9,855
8,303
94,223
103,471
Char.Cin. &Chic February..
13.500
14,197
24,639
27,112
Oharlest’n & Sav January...
62,864
77,415
62,864
77,415
Char.Sum.&No. February..
16,721
10.843
27,668
21,380
Chatt’n’gaUni’n October...
8,852
10,179
83,712
96,749
Oheraw. & Dari. January...
6,468
13.464
6,468
13,464
Cheraw.&Salisb November.
2,505
2,566
23,504
22,727
Ches. & Ohio.... 2d wk Meh 149,856 148,174 1,714,041 1,574,045
Ohes.O. & S. W. December. 202,781 209,932 2,339,016 2,161,684
Chic. Bur. & No. January... 150,077 164,800
150,077
164,800
Chic. Burl. & Q. January... 3,008,799 2,329,830 3,008,799 2,329,830
Chic.& East. IÜ. lstw kM ch
82,693
74,755
687,766
649,985
Chicago & Erie. January,
238,056 188,876,
238,056
188',876
Ohio. Mil. & St.P. 2d wk Meh 596,400 466,014 5,948,722 4,752,760
Ohio. &N’thw’n. January... 2,236,702 1,893,40b 2,236.702 1,893,406
Ohic.Peo.&S.L.t lstw kM ch
26,436
19,783
228,953
175,703
Chic. R’kI.&P... February. 1,321,438 1.022,872 2,613,983 2,120,359
Ohio.St.P.&K.O. lstw k Meh
91,403
66,145
811,704
618,093
Chio.St.P. M.&O. January... 630,029 485,736
630,029
485,736
Ohio. & W. Mich*. lstw kM ch
34,48
28.845
294,036
258,136
Cin. Ga. A Ports. February..
4,274
3,702
8,816
8,203
Cin. Jack & Mao. lstw kM ch
11,177
16,155
115,888
137,207
Cin.N. O. &T.P. lstw kM ch
78,745
75,0t>0
767,144
760,311
Ala. Gt. South. lstw kM ch
30,290
31,999
344,529
339,863
N .O rl.& N . E. lstwkM ch
20,933
20,617
231,332
213,998
Ala & Vioksb. lstw kM ch
10,638
10,839
125,401
120.644
Vicxs.Sh. &P. lstw kM ch
9,207
9,404
120,088
120,299
ErlangerSyst. lstw kM ch 149,813 147.919 1,588,494 1,555,115
Oinn.Northw’n. February..
1,588
2,116
3,069
3.687
Cin. Ports. & V.. February..
16,559
13,472
31,065
30,146
Col. & Maysv. February..
1,016
860
1,787
1,531
Oln.Wab.&Mich. February.
60,887
43,414
113,044
87,489
Olev.Akron&Col lstw k Meh
18,165
17,28b
153,345
152,867
Olev. & Canton.. December.
55,838
54,110
718,558
581,013
01.Cin.Ch.&S.L, lstw kM ch 245,900 234,568 2,339,664 2,298,060
Peo. & East’n. lstw kM ch
31,026
29.877
312,318
267,483
Olev. & Marietta February..
23,781
21,577
49,416
51,629
Color. Midland.. l st wk Meh
31,409
29,205
353,854
340,017
Col. H. Y. & Tol. February.. 222,366 180,574
469,965
389.872
Ool.Shawnee&H 4th wk Feb
11,466
7,492
104,963
63,203
Colusa & Lake.. February..
1,550
1,930
2,975
3,671
Conn. R iver___January...
78,151
81,965
78,151
81,965
Current R iver.. l st wk Meh
3,421
2,156
Denv. & Rio Gr. 2d w k Meh 148,500 123.000 1,698,142 1,434,628
Des Moin. & No. December.
12.130
10,394
131,769
120,139
Des M. No. & W February..
33,635
25,819
63,911
47,433
Det.Bay C.&Alp February..
29.500
42,351
58,579
89,273
Det.Lans’g &No:lstwkM ch
19,6901 19,521
190,592
189,213
Duluth P.S. & Atl 12d wk Meh
33,950
27,497
331,372
286,056
Duluth & Winn.¡February..
10,71":
5,398
21,345
10,782
E.Tenn. Va. &Ga. lstw k Meh 133,209 145,968 1,343,900 1,553,278
Elgin Jol.&East. February..
62,953
49,666
128,799
95,963
Eliz.Lex.&B.S.. .D ecem ber.
775,787
816,330
Evans.Alnd’plis lstw kM ch
’ *6,9*17
‘ *6,399
62,924
56,353
Evansv. & T. H.| lstw k Meh
22,444
208,841
19.988
200,618
Fitchburg........ January... 531,240 536,067
531,240
536,067
Flint.AP.Maro. lstwkM ch
73,175
60,159
568,074
540,460
Florence............November.
4,750
3.688
41,046
37,919
Flor. Cent.dz P. December. 177,488 143,124 1,497,306 1,212,437
Ft*W. & RioGr. lstwkM ch
5,049
3,644
49,086
36,905
Ga. Car’la he No. November.
18.013
9.013
1JO,405
61,986
Georgia R R ..... January.. . j 116,751 193,088
116,751
193,088
Geo. So. & Fla.. February,.
63,138
59,785
123,838
123,159
Georget’n & W’ d INovem ber.
3,659
3.335
37,960
35,807
G r. Rap. & rnd.. 1st wk Meh
47,3111
45.877
406,213
379,782
[V o i. LTV.
G.Rap. & l.-Oon.
Oin.R.&Ft. W
Other lin e s ...
Total all lines
Grand Trunk...
Chic &Gr.Tr.
Det.Gr.H & M.
Great North’n—
St. P. M. & M. February.
868,609 534,337
East, of Minn. February..
57,906
40,614
Montana Cent. February..
86,53
81,075
Tot. system. February.. 1,013,045 656,026
Gulf & Chicago. February..
3,529
3,099
Housatonic....... December. 124,464 114,999
Humest’n&Shen February..
13,000
12,247
7 QQ
Hutch. &8outh’n February..
4,925
Illinois Centr’l.. February.. 1.526Ì082 1,403,310
Ind.Dec.&West. February..
37,468
33,232
In. &Gt.North’ D lstw kM ch
59,630
55,734
Jlnteroe. (Mex.) Wk Feb. 20
42,488
Iowa Central... 2d wk Meh
33,322
37,4^5
Iron Railway... February..
2,383
2,628
J’k’nv.T.&K.W. February.,
91,263
90,820
Kanawha&Micb lstw k Meh
6,091
5,492
Kan. C. Cl. &8p. lstw k Meh
5,783
6,093
K.C.F.S, &Mem. lstw k Meh
98,809
83,836
K. C.Mem. &Bir. lstw kM ch
22,248
21,319
Keokuk & West. lstw k Meh
7,691
7,343
L. Erie All. & 8o February..
6,398
4.809
L. Erie & West . lstw kM ch
61,244
57,314
Lehigh & Hud.. February .
31,135
27,654
L. Rock & Mem. lstw kM ch
12,670
12,309
Long Island___ 2d wk Meh
61,373
54,256
Louis. &Mo.Riv. December.
38,293
30.268
Louis.Ev. & St.L. lstwkMch
30,103
24,222
Louisv. & Nashv. lstw kM ch 422,430 352,090
Louis.N. A&Ch. lstw kM ch
54,144
45,749
Louisv.N.O. &T. d wk Meh
68,839
64,311
Lou. St.L.&Tex. lstw kM ch
11,890
7,720
Lynchb.&Dur’m January...
10,789
10,591
Memphis & Chas lstwkM ch
25,835
28,169
{Mexican Cent... 2d wk Meh 141,633 155,581
{Mex. National. lstw kM ch
72,433
76,273
{Mexican R’ way Wk Feb. 27
67,326
93,011
Mil.L.Sh. &Wes! 4th wkDec
72,118
64,495
Milwaukee &No 2d wk Meh
29.100
29,503
MineralRange.. February.
10.100
8,227
Minneap. &St.L February.
150,832 112,379
M. St.P. & S.S.M February
190.000 135,511
Mo.Kan.&Tex.fc lstwkMch 144,934 147,148
Mo.Pac. &IronM 2d wk Meh 479.000 426,000
Mobile &Birm.. November.
30,240
28,844
Mobile & Ohio.. February.. 304,478 287,095
Monterey &M. G February.
87,041
74,698
Nash.Ch.&StL.c 1 ebruary.. 434,707 292,523
N. Jersey &N.Y December.
24,268
21,345
New Orl. & So’n February..
11.288
12,261
N. Y. C.& H .R.. February.. 3.208,234 2,732,996
RomeW. & Og. February.. 297.181 287,389
Tot. both rds. February.. 3,505.415 3,020,385
N. Y. L. E. & W. January... 2,186,570 2,172,279
N. Y. Pa. & Ohio January... 533 998 499.438
N. Y .& N .E ng,. December. 500,014 482,779
N. Y. & North’n. February..
39,832
32,742
N. Y.Ont & W.. lstwkMch
48,949
45,386
N.Y. 8usq.& W.. January... 113,932 115,088
Norf. & South’n. January...
29,896
Norfolk&West.. lstw k Meh 187,480 150,060
N’theast’n (8. C.) November.
52,710
52,307
North’n Central. January... 549.910 495,561
Northern Pacific 2d wk Meh 408,440 383,159
Wis. Ct. Lines. 2d wk Meh
94,766
93,343
N.P.& W.Cent. 2d wk Meh 503,206 476,502
Ohio & Miss....... ls t wk Meh
94,460
84,630
Ohio River........ lstw k Meh
12,125
12,053
Ohio Southern.. February..
53,736
44,263
56,034
Omaha & St. L .. December.
50,585
Oregon Imp. Co. January... 295,778 308.361
Pennsylvania .. January... 5,019,741 ,312,475
PeonaDec.&Ev. lstwkM ch
16,902
17,820
Petersburg....... January...
37,559
43,147
January...
359,675 352,602
Phila. & Erie...
Phila. &Read’g. January... 1,727,214 1,712,090
Coal&IronCo. January... 1,532,041 1,443,761
TotalbothCos. January... 3,259,255 3,155,851
3,159
3,138
Pitts. Mar. & Ch. February..
30,794
Pitt.Shen.&L.E. December.
22,815
Pittsb. & West’n November. 122,636 127.362
44.279
45,680
Pitts.Clev.&T. November.
26,564
27.512
Pitts.Pain.&F. November.
45,589
36,5d2
Total system 2d wk Meh
Pitt. Young. <kA. February..
88,063
50,574
Pt. Royal & Aug. November.
28,523
28,214
37,055
Pt.Roy.& W.Cai. November.
39,525
Pres.&Ariz.Cen. December.
9,567
11,088
24,647
19,670
Quincy O.& K. C. February..
January...
432.900 526,900
Rich.&Danville.
Vir. Midland.. January... 141,500 183,30u
68.500
95,700
Char. Col.&Au. January...
71,600
90.900
Col. & Greenv. January...
63.500
82,500
West. No. Car. January...
Georgia P a o.. January... 182.900 168.300
9,720
9,900
Wash.O.& W.. Jauuary...
11,700
14,0u0
Ashv. & Spark January...
Total Sys’m. lstw kM ch 286,170 275,460
24,243
25,368
Rich. & Petersb. January...
8,661
Rio Gr’de South. lstw kM ch
2,181
34.800
2d
wk
Meh
32,800
Rio Gr. West..
6.830
6.762
Sag.Tuscola&H. February..
25,490
21,660
St.L.A.&T.H.B’s lstwkM ch
79.800
69.900
St.L. Southw’rn. lstw kM ch
95,140
St. Paul & Dul’tb February.. 132.623
45,941
54.158
S.Ant.&Ar.Pass. 4thwk Oct
17,734
12.785
S. Frau.&N.Pac. 4th wk Feb
37,982
41,355
Sav. Am. <JtMon. February..
Sav.Fla. & West December. 315,691 359,044
nil.
3.763
Silverton.......... February..
35,0c0
33,949
8iouxCity&No. January,..
So. Pacific Co.—
Gal.Har.&S.A. January... 359,427 341,165
96,668
87,088
Louis’a West.. January...
Morgan’sL&T. January... 473,898 605,234
18,530
14,326
N. Y.T.& M ex January...
Tex. & N.Orl January... 132,668 124,915
Atlantic sys.d. January,.. 1,099,432 1,182,218
Pacific system January... 2,417,000 2,670,973
Total of all. . January;.. 3,516,431 3,853,191
1,667,554
119,988
183.606
1,971.147
6,008
1,549.946
27,800
13,479
3,030,914
81,661
630,171
1,189,199
81,257
179,274
1,449,730
6,457
1,556,995
25,979
11,395
2,924,492
73,477
627,968
386,039
4,685
177,418
56,499
336,2*2*5
5,931
169,985
49,078
227.604
75,006
12,501
608,942
58,327
129,570
589,340
480,298
184,070
3,775,131
477.061
836,099
123,688
10,789
287,731
1,478,082
706,827
519,057
3,527,714
296.030
20,400
277,757
404,000
1,392,684
5,151,885
256,364
586.404
164,934
832,585
293,892
24,430
6,272,585
554,691
6,827,275
2,186,570
533,998
6,229,030
75,279
466.405
113,932
29,986
1,601,955
658,468
549,910
3,829,878
942,529
4,772,407
788,609
102,176
117,397
507,919
295,778
5,019,741
158,793
37,559
359,675
1.727,214
1,532,041
3,259,255
6,261
337,440
1,355,320
452,184
284,798
425,051
T67.032
331,823
363,822
139.443
49.604
432.900
141,500
68.500
71,6b0
63.500
182.900
9,720
11,700
2,375,070
24,243
91,585
409,226
14,154
255,411
786.443
254,025
222,509
67,596
10,410
534,463
59,455
145,341
564.073
415.213
250.213
3,472,386
427,436
801.079
78.904
10,591
321,711
1,360,081
760,147
670,322
3,848.568
304,731
18,132
222.079
286,185
1,468,801
4,677,993
243,060
610,180
148,103
650,236
265.400
¿.0,276
5,740,848
598,374
6,339,222
2,172,279
499,438
6,029,127
65,967
453,465
115,088
1,436389
634,110
495,561
3,990,163
875,811
4,865,974
718,807
98,400
96,083 .
606,671
308,361
5,312,475
152,427
43,147
352,602
1,712,090
1,443,761
3,155,851
6,318
262,295
1,357,694
450,407
269,184
372.369
109,382
302.369
369,424
134,595
42,150
526,900
183.300
95,700
90,900
82,500
168.300
9,900
14,000
2,554,950
25.368
26,732
405,973
13,195
242,620
767,316
185,839
107,655
ÌÓÌ‘, 2*3*6
71,018
82,702
3,288,862 3,038,473
6,230
10,788
35,000
33,949
359,427
341,165
96,668
87,088
605,234
473,898
18,530
14,326
132,668
124.915
1,099,432 1,182.218
2,417,000 2,670,973
3.516,431 3 .8 5 3 .1 f f f
March 19, 1892.]
R oads .
Latest Earnings Reported.
WeekorMo 1891-92. 1890-^1
THE CHRONICLE,
Jan. 1 to Latest Late.
1891-92.
481
1*1 w eek o f March.
1890-91
$
00. Pao. RR.—
Coast Diy. (Cal) December. 170,154 149,380 2,345,665 2,389,048
Bo. Div. (Cal.) December. 616,594 456,854 6,934,159 6,407,422
Arizona D iv.. December. 156,969 150,385 2,028,689 2,000,594
73,362 1,049,260 1,030,951
78,492
New Mex. Div. December.
271.390
0 oath Carolina . February.. 156.800 176,916
354.662
Spar. Un. & Col. November.
123,036
12,180
12,662
115,635
Staten I bI. R. T. February..
113.390
58,000
112,267
57,128
1,107
I , 107
1,107
Stony Cl.&CMt.. January...
1,107
113,837
92,123
Summit Brancli. January...
92,123 113,887
74,786
Lykens Valley January...
74,786
74.116
74,116
343,823
344,329
Tot’l both Co’s February.. 177,584 155,657
12,628
Tenn. Midland.. February..
28,418
30,057
15,758
268,646
Terre H. & Peo Septemb’r.
34,571
Texas & Pacific 1st wk Mch 112,291 113,715 1,204,197 1,235,393
3,195
7,945
4,355
6,348
Xex.8.Val&N.W. February..
70,054
154,114
75,793
144,310
Tol.A,A.& N .M . February..
53,462
7,058
5,912
61,565
Tol. Col. & Cin. 2d wk Mch
26,404
262,014
23,757
249.443
XoL& Ohio Cent. 2d wk Mch
18,386
191,256
162,341
Tol. P. & West.. 1st wk Mch
19,550
31,133
401,805
302,639
Tol. St. L. <feK.C. 2d wk Mch
42,328
1,713
1,53
1,532
1,713
Tol. & So. Haven January...
19,665
20,030
20,030
19,665
Ulster & D e l.... January...
Union Pacific—
483,748
632,663
Or.S.L.&U.N January... 483,743 632,663
284,819
473,857
Or.Ry.&N.Co January... 284,819 473,857
443,044
389,060
Un.Pac.D.&G January... 443,044 389,060
15,669
119,800
201,039
22,428
St.Jo.&G’dIsl lstw k Mch
Alloth. lines.. January... „742,244 1,480,370 1,742,244 1,480,370
Tot.U.P.Sys, January... 1,050,468 3,025.792 3,050,463 3,025,972
44,714
115,501
44,717
Cent.Br.&L.L January... 115,501
Tot. Cont’led January... 1,165,969 3,070,506 3,165,969 3,070,506
84,607
91,220
91,220
84,607
Montana Un.. January...
2,108
2,082
2,082
2,108
Leav.Top. & 8 January...
3,015
3.026
3,015
3,026
Man. Al. A Bur January...
89,741
96,317
96,317
89,741
January...
Joint.own’d...
Grand total. January... 1,214,128 3,115,377 3,214,128 3,115,377
12,495
12,303
12,303,
12,495
Vermont Valley January ..
2d wk Mch 266,000 237,000 2,728,010 2,414,483
Wabash........
57,073
7,088
7,431
51,782
Wab. Chest. &W. October...
83,869
93,089
93,089
83,869
West Jersey...... January...
82,124
163,028
81,752
173,900
W. V.Cen.&Pitts. February..
12,550
161,059
22,761
93,038
West Vir.&Pitts. October...
61,5311
39,822
39,822
61,531
Western o i Ala. January...
531,004
60,800,
63,700
594.550
West.N.Y. A Pa. lstw k Mch
21,114'
240,585
221,180
22,926
Wheeling A L. E. 2d wk Mch
82,091'
856,609
82,706
886,028
WU. Col. & Ang. November,
8,730
I I , 303
5,876
17,830
W rightsv. A Ten. February.,
3,419
98,586
101,224
3,607
Eanes. A Ohio... lstw k Sept
* Figures cover only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System
b Kansas City A Paciflo inoluded in both years, c Western & Atlan
tic included in 1892, but not in 1891.
d Includes earnings from fer
ries, etc., not given separately, i Mexican currency.
Ft. Worth A Rio Grande.
Grand Rapids A Indiana.
dncinnàti R. Ft. W ..
Other lines.....................
Int. Gt. Northern........
Kanawha A Michigan___
Kansas City Clin. Spr..
Kan. City Ft. 8. & M em ...
Kansas C. Mem. A Birm.
Keokuk Western..........
Lake Erie & Western___
Little Rock
Memphis..
Lonisv. Evansv. & St. L ..
Louisville & Nashville...
Louis. N. Albany & Chic.
Memphis & Charleston...
Mexican National...........
&
&
&
&
&
New York Ont. & W est...
tOhio & Mississippi........
Peoria Decatur AEvansv.
Rich. & Danv. (8 roads)..
Rio Grande Southern___
Rio Grande Western.......
8t. L. Alt. AT. H. Brches.
St. Joseph & Gr. Island..
Toledo Peoria & Western
Western N. Y. & Penn..
1892.
$5,049
47.313
9.596
4,636
59,630
6,091
5,783
98,809
22,248
7,691
61,244
12,670
30.103
422,430
54,144
25,835
72,433
144,934
48,949
94,460
12.125
16,902
286,170
8,661
30,500
25,490
22,428
112,291
19.550
63,700
1891.
$
3,644
45,877
9,739
4,967
55,734
5,492
6,093
83,336
21,319
7,343
57,314
12,309
24,222
352,090
45,749
28,169
76,273
147,148
45,386
84,630
12.053
17,820
275,460
2,181
21,660
15,669
113,715
18.386
60,800
Increase.
$1,405
1,436
3,896
599
15,473
929
348
3.930
361
5,881
70,340
8,395
3,563
9,830
72
10,710
6,480
3,850
3,830
6,759
1.164
2,900
Decrease.
9
143
331
310
2,334
3,840
2,214
918
1,424
............
Total (87 roads)........... 7,362,194 6,596,050
816,437
50,293
766,144
Net increase (11*62 p. c.).
............
............
.........—
* For week ending March 5.
t One working day more in 1892.
Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all railroads
furnishing monthly statements. The compilation includes
every road- from which we can get returns of this character,
and in that form is given once a month. Early returns are
published from week to week, as soon as issued, but for the
convenience of our readers all the roads making returns are
brought together here in the week in which we publish our
monthly article on net earnings—say on or about the 20th of
the month. A paragraph mark (TT) added after the name
of a road indicates that the figures for that road have not pre
viously been given, but appear fbr the first time in this issue.
,---- Gross Earnings.— , ----- Net Earnings.——>*
1891-2.
1890-1.
1891-2.
1890-1,
$
$
Roads.
$
$
53,599
75,078
Allegheny Talley.. IfJan. 177,557
198,016
Latest Gross Earnings by Weeks,—The latest weekly At. T. AS. F e b .........Jan. 2,479,161 2,347,071
509,112
551.556
July 1 to Jan. 31...21,063,267 19,416,984 6,920,974 5,729,546
earnings in the foregoing table are separately summed up as
5,628 def. 12,844
R’ d s j’tly ow’d (fij)b Jan.
141,434
126,777
follow s:
111,548 def.16,382
July 1 to Jan, 3 1 ... 1,047,154 1,002,169.
514,740
538,711
The 22 roads which have reported for the 2d week of March
TotalAtch. sya.-b.Jan. 2,620,595 2,473,848
7,032,520
5,713,160
July
1
to
Jan.
31...22,110,420
20,419,150
«how 11 ’86 per cent gain*in the aggregate.
142,839
180,298
St. L.ASanFran.b.Jan.
460,648
489,035
July 1 to Jan. 3 1 ... 4,404,148 4,199,429 2,010,471 1,918,231
Increase. Decrease
1892.
1891.
2d week o f March.
6,885 def. 10,125
K'ds j ’tlyow ’d (*2)bJan.
138,885
124,211
130,011
5,820
July 1 to Jan. 3 1 ... 1,026,221
980,495
$
$
$
149,724
170,173
Tot. S.L. AS.F.Sys.bJan.
599.533
613,246
9.037
51,556
42.519
Balt. & Ohio Southw.......
July 1 to Jan. 3 1 ... 5,430,369 5,179,923 2,140,482 1,924,052
1,305
49,315
50,620
Buffalo Koch. A Pittsb...
664,464
708,834
329,000
Total Atch.A 8. F.bJan. 3,220,128 3,087,094
19,000
■Canadian Pacific..............
348.000
July 1 to Jan. 31...27,540,789 25,599,074 9,173,002 7,637,215
1,682
148,174
Chesapeake & O hio........
149,856
466,014
130,386
Chicago Milw. A St. Paul.
596,400
Baltimore A Ohio—
123,000
25,500
148.500
Denver A Rio Grande...
415,764
327,317
Lines E. Ohio BivffFeb. 1,385,211 1,305,020
6,453
Duluth So. Sh. A Atlantic
27.497
33,950
817,883
759,170
Jan. 1 to Feb. 2 9 ... 2,920,622 2,751,005
4,123
33,322
37,445
Iow a Central....................
Oct. 1 to Feb. 2 9 ... 7,930,796 7,550,395 2,318,882 2,477,626
7,117
61,373
54,256
Long I s la n d ..................
66.960
61,250
Lines
W.
of
O.Riv.H
Feb.
479,849
404,000
64,311
68,839
4.528
Louisville N/O. A Texas.
133,859
117.516
Jan. 1 to Feb. 2 9 ... 989,545
861,468
6,052
Mexican Central.............
141.633
135,581
364Í950
465,495
Oot.
1
to
Feb.
2
9
...
2,629,221
2,312,433
403
Milwaukee A Northern..
29,100
29,508
482.724
388,567
Total system...... ITFeb. 1,865,059 1,709,020
426,000
53,000
479,000
Mo. Pacific & Iron M t...
935,399
893,029
Jan. 1 to Feb. 2 9 ... 3,910,167 3,612,473
25,281
Northern Pacific.............
408,440
383,159
2,842,576
2,784,377
Oot.
1
to
Feb.
29...10,560,017
9,862,828
1.423
93,343
94,766
Wisconsin Central lines
36,532
9.057
Pittsburg A Western.......
45,589
1,412
def. 400
Birm. A Atlantio-.blTJan.
2,755
5,653
32,800
2,000
34,800
Rio Grande W estern... .
15.842
5,324
July 1 to Jan. 3 1 ...
26,135
41,646
1,146
5,912
Toledo Col. A Cincinnati.
7,058
4,502
8,326
19,055
16,251
2,647 Bir. Shelf. ATenn.Rblf Jan.
26,404
23,757
Toledo A Ohio Central...
66,186
36,158
8,195
Buff. Boob. & Pittsb. Jan.
236,891
191,422
Toledo St. L. & Kan. City.
34,133
42,328
553,260
364,473
Wabash........................ .
July 1 to Jan. 3 1 ... 1,730,527 1.417,852
29,000
266.0*0
237,OoO
1,8L2
Wheeling & Lake Erie...
21,114
22,926
70,830
102,508
Burl. Ced.R.& No.alfJan.
331,811
251,734
33,670
40,246 def.24,239 def. 14,043
8,324 Camden A Atlan.alTJan.
Total (22 roads)........... 3,136,667 2,801,Ì63
340,823
329.725
532,151
Canadian Paoiflo.a..Jan. 1,609,102 1,365,221
332,504
Net inerease(ll*86p.o.)
12,403
18,114
Cape F. A Yad. Val.. .Dec.
42,590
46,103
234,576
212.907
Jan.
1
to
Dec.
31_
583,357
555,209
For the 1st week of March our final statement shows 11*62
106,761
133,335
July 1 to Dec. 3 1 ...
300,171
306,664
per cent gain, 87 roads being embraced in the comparison.
507,573
501,872
Cent.of New JerseyaDec. 1,155,408 1,176,896
Jan. I t o Dec. 31. . . 14,201,767 13,663,726 6,091,817 5,907,026
def.
47
7
Char. Cin. & Chic...If Jan.
11,139
12,915
Decrease
Increase.
1si week o f March.
1892.
1891.
7,934
1,832
CherawADarl’tonUbJan.
6,468
13,464
$
$
$
?
152,765
151,970
ChesapeakeAOhio.a.Jan.
703,741
654,664
13,474
473,850
Prev’ly report’d i23roads) 3,570,197 3,109,821
July 1 to Jan. ¿ I . . . 5,505,766 4,766,332 1,458,068 1,304,099
55,623
534,541
Atchison Top. A 8. F e ...
478,918
61.474
31,024
150,077
164,800
3,753 Chic. Bur.&North, b.. Jan.
28,818
Roads j ’tly owned *2..
32,571
614,749
939,589
28,930
127,453
98,463
St. Louis A S. Fran........
Chio. Burl. A Quin.b. Jan. 3,008,799 2,329,830
3,815
28,175
Roads j’tly owned iz.
31,990
140.513
147,807
Chicago A E. 111..blfJan.
311,574
296,820
8,876
148,174
Chesapeake & Ohio.........
157,050
July 1 to Jan. 3 1 ... 2,215,634 2,133,909 Î925.017 1,113,673
7,938
Chicago & East. Illinois .
82,693
74,755
679,522
518,916
Chic. MU. & St. Paula Jan. 2,420,917 1,946,196
5,936
80.675
*Chicago & Grand Trunx.
74,739
July 1 to Jan. 31...19,973,952 17,142,617 7,738,421 6.148,815
6,653
26,436
Chicago Peoria & St. L ...
19,783
818,038
981,093
25,258
Chicago St. P. & Kan. C..
91,403
Chic. &Northwest’n.Dec. 2,588,676 2,190,175
66,145
5,642
Chicago & West Michigan
34,487
28,845
Jan. 1 to Dec. 31...29,395,791 28,170,026 10,273,156 9,690,823
4,978 Chic. & West Mich.aJan.
Cin. Jaekson AMackinaw
11.177
16,155
19.475
18,199
117,187
109,311
1,894
Cin.N.O. AT.Pac.(5 roads)
149.813
147,919
13,092
8,811
Cin. Jack. & Mack..IfJan.
52,456
57,974
876
Cleveland Akron & C ol...
18,165
17,289
109,774
113,575
July 1 to Jan. 3 1 ...
429,509
431,017
........
11,332
d e v e . Cin. Chic. & St. L.
245,900
234,563
1,149
103,222
Peoria & Eastern..........
59,778
31,026
29,877
Cin.N.O. A Tex. P.lfaJan.
319,457
353,549
2,204
854,661
Colorado Midland............
743,003
31,409
29,205
July I t o Jan. 3 1 .-. 2,606,259 2,681,291
1,265
Current River..................
3,421
2.156
57,283
27,174
Ala.
Gt.South’nlfa.Jan.
148,544
159,665
641
* Detroit Gr. H. & M il....
21,414
22.055
377,112
July 1 to Jan. 3 1 ... 1,163,591 1,195,089
296,330
169
Detroit Lans & Northern
19,690
19,521
26,862
14.000
N. O. A No’east .1! Jan.
102,556
103,677
12,759
East TennesseeVa.A Ga..
133,209
145,968
186,000
165,099
July 1 to Jan. 3 1 ...
779,833
697,121
518
Evansv. A Indianapolis.
6,917
6,399
2.456
22,444
Evansv. & Terre Haute..
19,006
19,988
13.000
Alabama A Vick..If Jan.
55,545
59,169
13,016
73,175
60.159
Flint & Pere Marquette..
............
125,000
124,818
July 1 to Jan. 3 1 ...
449,242
414,442
482
THE CHRONICLE.
— Gt'oss Earnings.---- , — Ret Earnings.----Roads.
1891-92. 1890-91.
1891-92. 1890-91.
Cin.N. O. &Tex.Pac. (Goni. ) - $
$
$
$
Vicks. Sh. & Pac..ff Jan.
55,123
59,884
16,000
21,589
July 1 to Jau. 3 1 ...
431,520
414.374
117.434
145.000
Total system.......ffJan.
681,225
735,944
227,982
129,952
July 1 to Jan. 3 1 ... 5,430,445 5,402,317 1,495,333 1,639,124
Oin. Ports. & Vir.ffb. Jan.
14,506
def.782
16,674
def.189
Gin. Wab. &Mich..,aDec.
63,156
25,862
50,880
15,991
Jan. 1 to Deo. 3 1 ...
745,340
202,514
603,170
248,612
Oley. Akron ACol.aff Jan.
67,289
71,670
16,265
14,008
July 1 to Jan. 3 1 ...
562,672
143,986
529,036
151,133
01evel.& Canton, .b..Dec.
55,838
54,110 ■ 18,768
19,e46
Jan. 1 to Dec. 3 1 ...
718,558
207,612
581,013
249,820
July 1 to Deo. 3 1 ...
404,519
334,639
125,578
141,747
dev.C in. C.& St. L. .aJan. 1,045,386 1,076,897
294,067
277,024
July 1‘ to Jan. 3 1 ... 8,357,598 7,963,709 2,525,150 2,377,434
Peoria & E ast.. .aff Jan.
143,175
121,441
19,876
38,743
July 1 to Jan. 3 1 ... 1,128,966
904,534
172,085
322,981
Cleve. & Marietta, ffJan.
25,635
30,052
9,392
6,065
Colorado Fuel Co___Jan.
28,147
51,430
July 1 to Jan. 3 1 ...
186,923
210,262
Colorado Midland.b. Jan.
159,344
50,016
168,906
37,224
July 1 to Jan. 3 1 ... 1,223,677 1,147,317
387,679
327,796
Col. Shaw.& Hock...Dec.
71,946
17,062
37,976
25,419
Jan. 1 to Dec. 3 1 ...
620.799
315,071
112,091
212,051
Col. H. V. & Tol-.bffJan.
247,599
78,022
209,298
100,939
Deny. & R. GrandebJan. 726,342
179,853
309,559
651,628
July 1 to Jan. 3 1 ... 5,344,762 5,636,561 2,310,762 2,323,309
Des Mo. N o .* West.ff Jan.
30,276
4,865
21,614
7,789
Det. B ay City & Al.bff Jan.
29,079
46,922
22,326
11,430
Det. Lans. & North, a Jan.
83,971
16,646
86,649
11,043
Duluth S. S. * A tl.. ff Jan.
30,452
128,685
123,503
21,839
E.T. Va. & G a... gaff. Jan.
589,156
765,882
76,315
212,030
July 1 to Jan. 3 1 ... 4,695.986 5,168,485 1,279,126 1,502,381
Elgin Joliet & E ..a ff Jan.
65,846
46,297
17,334
10,918
July 1 to Jan. 3 1 ...
482,961
366,007
175,096
110,425
Flint&Pere Marq.aff Jan.
242,108
253,965
61,445
51,457
©•orgia E R ....... ffa Jan.
116,751
193,088
16,984
77,820
July 1 to Jan. 3 1 ... 1,007,221 1,179,394
461,753
238,665
©a. South’n & Fla. aff Jan.
60,700
63.374
13,317
17,056
July 1 to Jan. 3 1 ...
462,568
479,036
169,862
143,711
Grand Rap. & Ind. ...Nov.
52,214
188,5 U
204,184
32,777
Jan. 1 to Nov. 3 0 ... 2,206,706 2,422,287
638,109
815,997
Total system......... Dec.
254,386
71,000
58,049
233,948
Jan. 1 to Dec. 31. 3,076,636 3,289,879
1,087,072
882,814
£
£
£
£
Grand Tr’k of Can. ff Jan. 292,607
64,434
304,305
56,800
Chic. & Grand Tr..ff Jan.
65,786
67,340
13,644
17,451
Det Gr. H. & Mil .ffJan.
17,609
18,482
1,464
2,134
$
$
$
$
Gulf & Chicago..ffb Jan.
2,479
3,358 def.1,466
d e f.857
llinois Central...ffaJan. 1,504,832 1,516,182
346,283
461,540
July 1 to Jan. 31 ..11,680,445 10,836,444
L0,836,444 3,452,926 3,511,461
tod. Dec.& West. ...ffJan.
44,193
40,215
16,193
12,715
July 1 to Jan. 3 l . . .
322,826
85,913
91,317
298,018
Int. & Great Nor... .ffJan.
289,597
320,595 def. 5,569
def. 8 09
oyra Central b ..........Jan.
173,956
127,341
49,743
28,242
July 1 to Jan. 3 1 ... 1,198,708 1,065,407
395,053
326,555
ron Railway.......b ffJan.
2,302
3,304
139
1,409
Jack. Tam. & K. W.. ffFeb.
91,263
47,219
90,820
49,164
Jan. 1 to Feb. 2 9 ...
177.418
169,985
85,185
80,948
July 1 to Feb. 2 9 ...
491,534
425.755
204,281
126,5 d3
Kan.C. Ft.S.& Mem.aJan.
421,733 . 367,124
97,430
92,726
July 1 to Jan. 3 1 ... 3,003,012 2,838,764
936,824
8L6.782
Kan. C. Mem. * Bir.aJan.
99,487
106,355
18,815
27,304
July 1 to Jan. 3 1 ...
749,017
738,950
181,275
207,684
Keokuk & Western.ff Jan.
37,437
31,069
17,536
14,520
L.ErieAll.&South.ff Jan.
6,103
5,601
1,069
1,037
L. Erie &West’n. ffb Jan. 285,279
107,223
251,998
117,425
Leh.*Hud.River,ffbJan.
27,192
31,801
12,296
8,289
July 1 to Jan. 3 l . . .
232,147
228,522
109,319
78,922
Louisv. & NashvillebJan. 1,581,584 1,590,515
448,152
535,853
11,624,891 4,460,618 4,379,628
Louis v. N. O. &Tex.b. .Jan. 350,426
377,712
74,250124,746
Louisv. St. L.& Tex. ffJan.
52,163
34,114
22,006
13,597
Memp. & Charles.a ..Jan.
125,286
157,192
15,693
34,592
July 1 to Jan. 3 1 ...
984,686 1,141,308
262,987
328,267
Mexican Central....ffJan.
613,022
583,770
229,112
211,859
Mexican'National.a.Jan.
322,713
345,601
86,849
87,630
M ilw .& North.a.A ..Jan.
117,566
13,744
128,601
44,745
July 1 to Jan. 3 1 ... 1,086,266
981,713
414,879
390,784
Minn. & St. Louis.aff Jan.
126,925
109,700
50,560
42,946
969,979
514,166
July 1 to Jan. 3 1 ... 1,204,685
349,321
161.586
110,304
Minn. StP.&S.S.M...Deo.
286,914
60,615
Jan. 1 to Dec. 3 1 ... 2,586,821 2,013,370 1,026,174
689,004
Mo.Pac.AlronMt. ff b J an. 2,074,472 1,942,663
473,071
367,153
292,523
157,918
Nash.Chat.ASt.L1 ffbFeb.
434,707
113,699
315,091
Jan. 1 to Feb. 2 9 ...
832,585
650,236
247,591
< , July 1 to Feb. 2 9 ... 3,703,722 2,725,234 1,445,471 1,119,801
New Orl. & South, aff Jan.
13,142
18,015
624
3,584
N. Y.L.E.&Western. c J an. 2,186.570 2,172,279
454,237
577,252
Oct. 1 to Jan. 31...10,386,302 9,777,077 3,166,656 3,145,108
33,325
def. 804
N.Y. A Northern.bff .Jan.
35,447
1,077
July 1 to Jan. 3 1 ...
310,721
282,366
52,998
54,927
211,800
22,987
N .Y . Ont.&West’na.Jan.
201,289
31,038
480,919
July 1 to Jan. 3 1 ... 1,875,139 1,638,565
400,076
50,164
N. Y. Sus. & W est.b. Jan.
113,932
115,088
49,701
7,264
Norfolk & Southern..Jan.
29,896
695,503
N orfolk* West’n .a .. Jan.
700,942
167,755
188,003
495,561
132,937
Northern Central.b. Jan.
549,910
131,851
329,001
Northern Pacific.b..Jan. 1,447,334 1,752,139
601,950
July 1 to Jan. 31...15,698,867 16,199,754 6,684,146 7,120,702
371,720
65,397
Wis. Cent, lines.b..Jan. 353,850
105,740
July 1 to Jan. 3 1 ... 3,255,424 3,290,785 1,237,585 1,221,570
Tot. both Co.’s, b.. Jan. 1,801,184 2,123.859
394,398
707,690
July 1 to Jan. 31. ..18,954,291 19,490,539 7,921,732 8,342,273
328,213
79,286
73,970
Ohio & Mississippi, a Jan.
359,575
2,507,711
757,637
707,899
— Gross Earnings.— ,
1891-92.
1890-91.
Roads.
$
Ohio R iver.b...........Jan.
45,051
50,532
Oregon Imp. Co..a...Jan.
308,361
295,778
Dec. 1 to Jan. 3 1 ...
593,616
651,424
P«nn. (east P. & E.),Jan. 5,019,741 5,312,475
Linos west of P.&E .Jan.
In o . 184,938
Petersburg......... . aff Jan.
37,559
43,147
July 1 to Jan. 3 1 ...
276,249
289,833
Philadelphia & Erie. .Jan.
359.675
352,602
Phlla. & Reading___Jan. 1,727,214 1,712,090
Dec. 1 to Jan. 3 1 ... 3,608,737 3,398,201
Coal & Iron Co......Jan. 1,532,041 1,443,761
Dec. 1 to Jan. 31. 3,316,464 3,050,138
Total both Co’ s ___Jan. 3,259,255 3,155,851
Dec. 1 to Jan. 31. .6,925,200 6,448,339
Pitts. C. C. & St. L..ffFeb.
Inc. 227,431
Jan. 1 to Feb. 2 9 ...
Pitts. Mar. & Chic, ffb Jan.
3,123
3,159
Pitts. Shen. & L. E...Nov.
30,165
20,100
July 1 to Dec. 3 1 ...'
204,307
137,951
Pitts.Youngs. & A. ffFeb.
88,063
50,574
Jan. 1 to Feb. 2 9 ...
167,032
109,382
Pres. & Ariz. Cent..Dec.
9,567
11,088
Jan. 1 to Dec. 3 1 ...
139,443
134,595
Quin. Om. & K. C.. ff Jan.
25,598
22,479
Rich. & Petersb’gaff Jan.
24,243
25,368
July 1 to Jan. 3 1 ...
183,734
181,790
Rio Grande South’n. ffJan.
12,296
42,137
Rio Grande West’n.bJan.
183,276
197,973
July 1 to Jan. 3 1 ... 1,629,311 1,397,626
Sag. Tus. &HuronaffJan.
7,274
6,433
tit. Paul & Duluth.b. Jan.
121,402
90,699
July 1 to Jan. 3 1 ... 1,203,028
964,503
San Fran. &N. Pac.aFeb.
48,970
41,776
Jan. 1 to Feb. 2 9 ...
97,655
91,236
July 1 to Feb. 2 9 ...
606,788
558,634
Sav. Am. & Mont..ff Jan.
33,036
41,347
July 1 to Jan. 3 1 ...
302,647
300,960
Silverton................... Dec.
13,341
8,174
Jan. 1 to Dec. 3 1 ...
125,552
105,674
Sioux City & Nor...bDec.
29,692
41,767
Jan. 1 to Dec. 3 1 ...
446,326
312,091
South Carolina.. .bff Jan.
177,747
114,590
July 1 to Jan. 3 1 ...
961,629 1,040,399
Southern Pacific Co.—
Gal.Har.*S.Antb ff Jan
359,427
341,165
Louisiana West.bff Jan.
96,668
87,088
Morgan’sLa. &T.bff Jan.
473,898
605,234
N.Y.Tex.AMex.bffJan.
18,530
14,326
Texas & N. OrLbff Jan.
132,668
124,915
Atlantic syst’mll bff Jan 1,099,432 1,182,218
Pacific system bff.Jan. 2,417,000 2,670,973
Total of all.b ff.. Jan. 3,516,431 3,853,191
Southern Pacific RR.—
149,380
170,154
Coast Division b ... Dec.
Jan. 1 to Dec. 31. 2,345,665 2,389,048
456,854
616,594
8outh’nDiyisionb..Dec.
Jan. 1 to Dec. 31.. 6,934,159 6,407,422
Arizona Diyis’n.b..Deo,
156,969
150,385
Jan. 1 to Dec. 31.. 2,028,689 2,000,594
78,492
73,362
New Mexico Div.b.Dec.
Jan. 1 to Dec. 31.. 1,049,260 1,030,951
8tatenI.RapidTr.bff Jan.
55,390
55,139
637,503
July 1 to Jan. 3 1 ...
642,889
1,107
1,107
8tony Clove&C.M.bff Jan.
92,123
113,887
Summit Branch........Jan.
74,786
74,116
Lykens Valley....... Jan.
177,534
155,657
Total both Co’s...ffFeb.
343,823
344,329
Jan. 1 to Feb. 29..
Tenn.Coal&I’n Co....Jan.
25,449
22,574
Tenn. Midland......... Dec.
210,146
218,281
Jan. 1 to Dec. 3 1 ...
119,352
123,437
July 1 to Dec. 3 1 ...
3,153
3,590
Tex. Sab. V. N. W ...ff Jan.
22,688
23,061
Toledo Col. & Cin.bff Jan.
199,018
183,967
July 1 to Jan. 3 1 ...
105,152
119,455
Toledo &O.Cent.bff.Jan.
960,054
945,470
July 1 to Jan. 31..
69,623
Tol. Peoria A West. ffJan.
88,380
559,642
634,476
July 1 to Jan. 3 1 ...
1,532
1,713
Tol. & Sou. Haven.ff.Jan.
20,080
19,665
Ulster A Delaware. ff Jan.
248,693
237,635
July 1 to Jan. 3 1 ...
Union Paoiflo—
632,663
483,748
Oreg. 8.L. AU. N.ffJan.
473,857
284,819
Ore. Ry.&N. Co..HJan.
443,044
389,060
Un.Pao.D. A Gulf.. ffJ an.
49,842
96,613
St. Jos. A Gd. Isl..ff Jan.
Allother lin es... ffJan. 1,742,244 1,480,370
TotalUn.Pao. sys.ff Jan. 3,050,468 3,025,792
44,714
Cen.Br.ALeas.L..ffJan.
115,501
Total controlled., ffJan. 3,165,969 3,070,506
84,607
Montana Union...ff Jan.
91,220
2,082
2,108
Leav. Top. & S. W.ffJan
3,026
3,015
Man. Alma A Bur. ff Jan.
89,741
96,317
Lines j ’tly owned.ff Jan.
Grand total.......ffJan. 3,214,128 3,115,377
994,852
W abash.b............. - .Jan. 1,128,160
July 1 to Jan. 3 1 ... 9,035,430 7,979,228
83,369
93,039
West J ersey&Brs. aff J an.
West. N.Y.&Pen. ffb. Jan.,
219,604
290,575
2,217,210
2,177,531
July 1 to Jan. 3 1 ...
81,276
91,776
W.Va. Cent. & Pitts, ffJ an.
81,752
82,124
F eb ...
173,900
163,028
Jan. 1 to Feb. 29. .
(VOL, L1Y .
— Net Earnings.----■>
1891-92. 1890-91 ►
16,531
18,400
54,727
42,011
95,009
95,647
1,074,552 1,447,219
D ec.
57,826
16,229
14,708
132,441
105,829
88,263
110,274
742,710
728,976
1,650,394 1,428,624
9,261
10,818
81,585
20,685
751,971
739,793
1,731,979 1,449,310
Inc. 93,349
In c. 69,052
def. 666
778
9,784
7,650’
53,358
77,355
10,418
28,159
24,012
48,584
5,911
4,194
62.406
82,269
7,918
8,758
7,854
4,435
46,015
57,546
7,341
21,814
68,884
54,182
579,594
644,044
368
2,267
21,031
40,231
373,351
486,445
344
2,047
5,834
6,305
189,305229,414
16,890
10,461
136,642
117,138
10,0163,888
54,547
54,501
11,139
20,099
135,674
193,144
80,881
20,176
433,645
344,782
55,369
94,425
26,787
46,052
225,240
129,143
def.532
5,188
37,367
51,898
341,045
330,763
969,237
659,000
989,763 1,310,282
57,035
73,482
1,209,041 1,073,748
101,166
207,041
2,642,506 2,177,898
35,831
def. 5,462
685,932
570,414
23,700
14,810
452,375
452,910
2,241
6,838
229,159
238,446
def. 353
def. 551
6,925
362
2,306 def. 9,097
47,742
53,297
55,965
45,569
42,000
59,800
12,853
9*037
65,044
56,284
43,385
37,314
407
1,370
12,723
6,348
68,310
60,387
25,277
31,282
310,171
339,036
14,512
26,365
149,131
192,619
450
2
4,13*
753
97,566
91,440
293,332
152,142
156,190*
30,901
72,837
83,371
4,327
41,952
628,682
465,970
992,657
937,048
55,418 def.12,171
992,467
980,486
11,482
16,239
.def. 2,006 d e f.3,993
def.510 def.1,445
6,044
13,723
983,508
999,328
222,000
208,906
2,422,969 2,226,953
def.7,157 def.6,893
84,220
65,526
701,912
719,798
31,521
27,687
28,490
32,355
60,042
60,011
March 19,1892. J
Roads.
Whitebr’stFuel Co...Jan.
July 1 to Jan. 3 1 ...
Wrights.&Tenn’led1TJan.
July 1 to Jan. 3 1 ...
— Gross Earnings— . — Net Earnings.----1891-92.
1890-91.
1890-91.
$
$
$
$
9,406
15,738
91.734
72,875
4,883
1,968
9,100
5,427
18,388
17,310
58,966
44|089
IT A paragraph mark added after the name of a road indicates that
the figures for that road have not previously been given, but appear
for the first time in this issue,
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Net earnings are here given after deducting taxes on property. ^
g Earnings for January and July 1 to January 31 for both years
include Knoxville & Ohio, Louisville Southern and Mobile <» Binning^ af Figures for February and July 1 to date this year include Western
* i Expenses include large amounts spent for maintenance and re
pairs, and joint expenses with Chicago & West. Indiana.
||Including income from ferries, &c.
Interest Charges and Surplns.—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.
r-Inter't, rentals, ¿c.—. r-Bal. o f Eel Earns.1891-2.
1890-91.
1891-2.
1390-91
Roads.
$
$
$
$
F lin t* Pere Mar... ITJan.
47,242
46,262
14,203
5,195
23,391
40,623
Nash. Oh. & St. L...ITFeb. 117,295
412,009
436,234
July 1 to Feb. 2 9 .... 1,009,237
707,/92
ANNUAL REPORTS.
Missouri Pacific Railway.
( For the year ending Dec. 81,1891. J
The annual report is signed by Mr. S. H. H. Clark, VicePresident. The earnings, income account, balance sheet, &c.,
were presented in the C h r o n ic l e last week. Nothing is said
in the report concerning the passing of the dividend, the de
tails of floating debt, the payment of dividends by St. Louis
& Iron Mountain to Missouri Pacific, the financial prospect
for 1892, and all the matters of that sort upon which the pub
lic particularly desired -to get full information.
The average mileage of all lines operated during the year
was 5,282 miles, an increase of 173 miles over previous year.
The mileage of all lines on December 81,1891, was 5,288
miles, an increase of 163 miles compared with same date of
previous year. This increase in mileage consists of the Fort
Scott & Southern Railway, Fort Scott to Cornell, Kansas,
27 miles; the Fort Scott Belt Terminal Railway, comprising
t e r m i n a l and connecting tracks at Fort Scott, Kan., 4 miles;
Omaha Southern Railway, Union to Plattsmouth, Neb., 15
miles; Houston Central Arkansas & Northern line, McGehee, Ark., to Riverton, La. (Ouachita River), 119 miles, in
cluded in system mileage January 1,1891.
.
The relations of the several properties remained practically
unchanged during the year. By indenture dated January 1,
1891, the Kansas City & Southwestern line, ¡Paola, Kan., to
Cecil, Mo., 48 miles, was leased to the Missouri Pacific Rail
way Company for a term of 99 years, making the aggregate
main line mileage of the Missouri Pacific Company 1,542
miles.
.
,
The Kansas & Colorado Pacific Railway comprises 1,057
miles of lines in Kansas, to which has been added since the
close of the year the Fort Scott Wichita & Western Railway
(by purchase), 310 miles, and the Pueblo & State Line Rail
road (by lease), 152 miles. Additional independent lines ag
gregating 130 miles complete the mileage of 1,649 miles
treated in operating accounts as branch lines of the Missouri
Pacific Railway.
The St. Louis Iron Mountain & Southern Railway, includ
ing the Little Rock & Fort Smith, Little Rock Junction and
Kansas & Arkansas Valley divisions, comprises an aggregate
mileage of 1,547 miles. The Houston Central Arkansas &
Northern line, McGehee, A rk., to Riverton, La., 119 miles,
was operated during the year as an independent property in
connection with the Iron Mountain system.
“ The first seven months of 1891 was a period of light
traffic and consequent decreased receipts on the lines of the
Missouri Pacific Railway and its branches, while the in
creased revenue produced by the movement of the new crop
during the remaining five months was not wholly sufficient
to make up the deficiency, the Missouri Pacific branches
showing a decrease of $376,113 in gross earnings for the
twelve-months period, the Missouri Pacific main lines an in
crease of $9),682, and the Central Branch Union Pacific Rail
road a decrease of $80,311. The St. Louis Iron Mountain &
Southern system, which was less affected by the short crops
of 1890, made substantial gains in earnings during the entire
year, showing an increase in the twelve months of 1891 com
pared with previous year of $722,757. The same territorial dif
ferences were exhibited in passenger earnings, although no
marked improvement was shown in the second half of the
year, and the total receipts were slightly diminished. The
decrease in gross earnings of the entire system for the period
January to July, 1891, inclusive, was $450,485. The increase
in gross earnings for the entire system for the period August
to December, 189i, inclusive, was $895,008, making a net in
crease in gross earnings for the year of $444,522.”
The per cent of total tonnage included in each classification
for the years 1890 and 1891 was as follows :
483
THE CHRONICLE.
Coal
1891
246
15*7
8-2
16*4
19*1
16*0
1890.
25-4
15 3
8-3
15-8
17-1
18-1
100-0
The report says.: “ It is worthy of notice that the increases
in tonnage were principally in products independent of crop
conditions, viz., lumber, manufactures and merchandise and
coal, showing a substantial development of trade and of the
natural resources of the country tributary to the system, to
which in favorable seasons the increased products of agricul
ture are added.”
,
The Missouri Pacific balance sheet was given last week and
the item in liabilities of “ advances, $3,642,528,” was advances
by directors; in the St. Louis & Iron Mountain balance sheet
below the similar item is $680,390. The report says of this :
“ The charges against net earnings of the Missouri Pacific
and Iron Mountain companies for the year include $663,431
expenses of refunding $7,000,000 of Cairo & Fulton first mort
gage 7 per cent bonds maturing January 1, 1891, into gen
eral consolidated railway and land grant 5 per cent bonds of
the St. Louis Iron Mountain & Southern Railway Company ;
also a similar expense of $128,650 for extending at 5 per cent
$2,573,000 second mortgage 7 per cent bonds of the Pacific
Railroad of Missouri maturing July 1, 1891. The funding, of
these bonds resulted in an aggregate reduction in interest an
nually of $190,000, and the mortgages requiring the exchange
of bond for bond, the cost of the funding was paid from cur
rent earnings. In addition to the foregoing expenses of fund
ing bonds, the sum of $396,000 was paid in cash for purchase
of one thousand box cars from the National Rolling Stock
Company, and a balance of $442,353 for construction of new
lines during the year, an aggregate of $1,630,434. The pres
ent floating debt of $4,322,917, represented by ‘ advances b y
directors,’ can be paid by the disposal of available securities
for the purpose now in treasury whenever your board elects.
The condensed balance sheet of the St. L. I. M. & So. R. R.
was as follow s:
ST. L O U IS IR O N M O U NT. <fc S O U T H — G E N E R A L B A L A N C E D E C . 3 1 .
1890.
1889.
$
Cost of road and equipm ent....—.61.020,524 61,468,037
2,201,976
Land grants....................... ............
8,559,632
Investments in stocks and bonds. 8,425.499
315,979
Cask on band....................................
139,880
33,754
Miscellaneous...................................
30,810
Total assets.................................71,927,165 72,579,378
Liabilities—
Stock ................................................2o,763,9 50 25,784,200
39,780,691
Funded debt.....................................
913,000
Cartrusts..........................................
8n2,000
721,493
Interest due and accrued...............
753,051
1,643,980
972,20o
Balance of accounts payable........
Advances by directors....................
3,733,014
Income account............................... 3,805,950
1891.
$
61.502,090
2,205,169
8,561,617
90,309
26,442
72,385,627
25,784,200
39,751,276
782,500577,756
1,033,744
680,390
3,775,761
Total liabilities..................... ...71,927,163 72,579,378 72,385,629
Texas & Pacific Railway.
(F o r the year ending Dec. 31, 1891.^
The annual report is signed by Mr. Jay Gould as President*
He remarks that “ the increase in the crop harvested along the
line in the past year has been great, especially in cotton and
cereals-. It m iy seem remarkable that under these condi
tions the freight earnings should have shown a decrease, but
notwithstanding the large harvest general business has been
extremely dull in Texas, resulting from extreme stringency in
the money market, caused partly by the low price of cotton,
which constitutes one of the principal staples, but more par
ticularly on account o f hostile legislation, which has tended
to discourage the investment of capital in enterprises neces
sary to increase and maintain general traffic. The crusade
directed against all corporate interests in Texas, particularly
railways, during the past year, culminated in the passage o f
an act by the Legislature on April 3, 1891, creating a Railway
Commission, clothed with plenary powers, from whose arbi
trary decisions there was no adequate relief provided.
“ This commission, the members of which were appointed
by the Executive of the State, organized on June 10, and at
once proceeded to the consideration of existing freight rates,
with the avowed purpose of making a radical reduction, and
in a brief period thereafter commenced the promulgation of
tariffs based on mileage, fixing rates on all the principal com
modities transported on your line, reducing them to an extent
wholly unwarranted by the existing circumstances, and in the
face of statements clearly showing that the rates previously
prevailing were only fairly remunerative.”
- ■
Reference to the condensed balance sheet shows that the
current nominal assets exceed the current liabilities. The
floating indebtedness was as follow s:
Vouchers and pay-rolls unpaid, including balance due other roads.................................................... oS’ s to
Equipment obligations, bills .payable..................
»»,54^
Interest due and accrued.......................................
>o!?.
Unadjusted accounts in suspense........................ 500 000
W hich was offset by the following, exclusive of bonds in
the treasury:
Due from agents and foreign roads.......................... $963,913
Cash...............................................- ..............................
Land notes receivable................................................. ¿ 40,02a
Unadjusted accounts................................................... 125,991
THE CHRONICLE.
481
Of general liabilities[the Texas School Fund Loan, $144,182,
is secured by a deposit of $167,000 first mortgage bonds with
the Fidelity Trust Company of Philadelphia, and in addition
is reduced by an annual sinking fund of two per cent.
Interest scrip income and land grant bonds, $310,812, is retirable under the provisions of the agreement with the income
and land grant bondholders, and is not a cash liability.
A t the close of the year the company purchased 300 coal
cars under a car trust covering sixty monthly payments of
$1,879 25 each, dating from Jan. 1, 1892, which will appear in
the accounts of that year.
The total amount charged to extraordinary expenditures,
including betterments, during the year, was $475,566, against
$628,241 in the year 1890.
T h e co m p a ra tiv e statistics o f operations, earnings, in com e
a cco u n t and gen era l balance fo r f o u f years have been c o m
p ile d fo r th e C h r o n ic l e as fo llo w s :
O P E R A T IO N S A N D .FISCAL RESU LTS.
Miles op e ra te d ......
1888.
1,487
1883.
1,497
1890.
1,469
1891.
1,499
O D e r a tio n s __
Passengers ca rried.
956.171
1,054,083
1.237,691
1,260.094
Passenger mileage.. 5?,462,794 61,508,509 72,553,663 71,412,265
Kate p. pass. p. mile
2-66 cts.
2 -72 cts.
2‘61 cts.
2-70cts.
Freight (ions)moved 1,238,388
1,444,751
1,614,375
1,533,985
Freight (tons)mil’ge.323,154,906 361,935,642 398,921,292 384,425,377
Av. rate p. ton p. m.
1*36 cts.
1'34 cts.
1’26 cts.
1'26 cts.
E a rn in g s —
Passenger....... .........
F reigh t......................
Mail, express, & c...
Total earnings..
$
SR
1,556,735 1,675,474
4,380,107 4,’»53,630
4.37,544
388.698
$
$
1,894,177
5,024.969
408.565
1,925,564
4,851,380
449,518
6,374,386
6,917,802
7,327,711
7,226,462
Maintenance of way
Maintenance of cars
Motive power..........
Transportation.......
T a ie s ........................
G eneral....................
1,019.440
289,633
1,735,559
1.691,087
143,213
192,737
1,241,698
283,513
1,513,242
1,824,772
173,116
209,717
1,379,716
291,070
1,606,930
2,170,914
188,361
223,714
1,199,610
366,477
1,661,212
2,073,462
190,129
224,831
T o ta l..................
Net earnings............
P. c. op. exp. to earn.
5,071,669
1,302,717
79‘56
5,246,058
1,671,744
75‘83
5,860,705
1,467,006
79'98
5,715,721
1,510,741
79’09
1890.,
1891.
O perating expenses —
Receipts —
$
1889.
$
$
$
Net earnings............
Other receipts........
1,302,717
130,936
1,671,744
173,909
1,467,006
151,156
1,510,741
96,151
Total in com e....
ninh'ii'i'ssphYtp'njo—
.
Rentals & sundries.
Interest on bonds...
Miscellaneous..........
Equip., car trusts,&c
1,433,653
1,850,653
1,618,162
1,606,892
73,461
916,792
260,676
............
309,665
1,279,490
•............
174,164
94,978
1,279,490
............
390,383
82,079
1,279,490
..... ......
212,302
Total disbarsem’ts
B alance..,................
1,250,929
+182,724
1,563,319
+237,334
1,764,851
—146,689
1,573,871
+33,021
G E N E R A L B A L A N C E A T CLOSE O P E A C H F IS C A L Y E A R .
1888.
A ssets —
$
1889.
$
4. The Seattle & Northern railway, extending from Shan
non’s Point in Anacortes to Hamilton, 36 miles.
5. The Port Townsend Southern Railroad Company in
Washington, from Port Townsend to Quilcene, 28 miles, and
from Tenino to Butler’s Cove, in Olympia, 18 miles.
6. The Seattle Coal & Transportation Company, comprising
the Newcastle Coal Mine, with all its appurtenances.
7. The Franklin Coal Company, a company organized for
the sale of coal, and owning and operating the Franklin mine.
The report says of the financial status: “ Upon the discharge
of the Receiver on February 25, 1891, the present executive
undertook the management of the company, with the result
that its floating debt, which amounted at that time to
$2,370,000, has all been paid and additional working capital
provided, which has enabled the company to show an im
provement in its net earnings for the year just ended of
$125,000. This improvement would have been still greater
had it not been for the trouble with its miners at its Franklin
and Newcastle mines, which it is estimated decreased the
earnings of the company $50,000, which will be more than
made up during the next year by the decrease in the cost of
mining. The first mortgage interest due and payable Dec. 1,
1890, upon which the company defaulted, was paid March 1,
1891, and the interest has since been paid promptly when due,
as well as the interest on the new consolidated mortgage
bonds.
Of the $2,000,000 preferred stock all but $327,800 has been
exchanged for the consolidated mortgage bonds of the com
pany. The privilege of exchange on the basis provided by the
company terminated May 15,1891.” * * “ The interest on the
first mortgage bonds canceled by the sinking fund is paid
into the sinking fund the same as if they were not canceled,
making the yearly fixed charges on the bonded debt, say
Six per cent on $5,000,000 first mortgage bonds................... $300,000
Annual sinking fund charge..........................................................
50,000
Five per cent on $6,468,000 consolidated mortgage............... 323,400
Total amount fixed charge...........................................................$673,400
Of the consolidated mortgage the total authorized issue was
$15,000,000, to be used for the following purposes:
1.
2.
IN CO M E ACCOU NT.
1888.
1890.
$
1891.
$
RR.,build’ s,eqpt,&c. 80,242,103 80,488,638 80,474,267 80,468,807
Car trust account...
280,065
262,000
131,000
............
N. O. Pac. RR. st’ek.
6,708,400
6,712,500 6,712,500 6,712,500
Bonds owned........... 5,755,051
5.757,747 5,778,011 *5,777,831
Gordon coal mine ..
139.615
135,975
136,276
136,577
Betterments.............
777,062
............
............
............
Materials, fuel, A c.,
214,787
169,443
229,484
272,617
Cash on hand...........
177,150
221,119
167,544
94,957
Due from ag’ts, &c..
709,413
996,146
789,788
963,913
Land notes receiv’le.
121,134
167,093
149,125
140,523
Miscellan accounts.
82,924
82,566
96,417
125,991
Total assets....... 95,207,734 94,993,232 94,664,412 94,693,716
Lia b ilities —
Capital s to ck .......... 38,706,800 38,710,900 38,710,900 38,710,900
Bonds and int. scrip 54,516,942 54,278,340 54,262,416 54,253,775
Equip. & oth. notes.
218,901
387,448
252,995
88,542
Vouch. & pav-rolls..
749,760
706,251
740,172 ' 907,807
Int. due and accru’d
216,529
224,439
218,229
224,964
Other accounts.......
586,078
398,519
339,056
334,064
Income account......
182,725
287,335
140,644
173,663
Total liabilities... 95,207,735 94,993,232 94,664,412 94,693,716
* Consists of Texas and Pacific 2d mortgage bonds, $1,763,000;
8*3,951,000 1st mortgage bonds held to retire 1st mortgage Eastern
Division bonds and Texas School Fund loan, and $63,830 other
securities..
3.
4.
—$4,514,000 for redemption of outstanding first] mortgage bonds.
—$2,000,000 for exchange par for par, for outstanding preferred
stock.
—$2,000,000 for delivery to company on demand.
—$6,486,000 for acquisition of new property.
$15,000,000
“ The company has complied with the first provision by de
positing $4,514,000 consolidated mortgage bonds with the
Farmers’ Loan & Trust Company, Trustee. The second pro
vision has been complied wi+h to the extent of $1,672,000
bonds, delivered by the T ruste^ or alike amount of preferred
stock canceled. In addition tcMhe amount delivered by the
Trustee, it was necessary for the company to supply $36,000
bonds under the terms of exchange with the preferred stock
holders. The $2,000,000 bonds referred to in the third pro
vision have been received and the proceeds applied in the ex
tinguishment of the floating debt which existed at the time
of the appointment of the Receiver. Of the $6,486,000 men
tioned in the fourth provision, there have been received
$1,025,000 in bonds on account of expenditures for ships and
$1,856,000 in bonds for construction. Total received $6,553,000 bonds, of which there is a balance in the hands of the
Treasurer unused of $85,000 and $260,000 bonds, which the
company received in exchange for preferred stock, making a
total of $345,000 in the treasury of the company.”
The earnings and expenses, and the income account, for
two years, were as follows:
EAR N IN G S A N D E X P E N SE S (A L L C O M P A N IE S).
Earnings—
Pacific Coast 88. Co.......................
Pacific Coast Ry. Co.......................
Col. & Puget Sound RR. Co..........
Seattle & Northern Ry. Co...........
Port Townsend Southern RR. Co.
Steam Colliery & Steamship..—
Coal Department...........................
Real estate and miscellaneous....
Total earnings..........................
Operating expenses—
Pacific Coast SS. Co....... , .............
Pacific Coast Ry. Co......................
CFor the year ending November 30, 1891.)
Columbia & Puget Sound RR. Co.
The annual report of Mr. W. H. Starbuck, President, states Seattle & Northern Ry. Co............
that the different properties which are owned by the Oregon Im Port Townsend Southern RR. Co.
Colliery & SS......................
provement Company may be divided into four general classes, Steam
Coal Department...........................
viz.: Steamship, Railroad, Coal, and Real Estate and Miscellane Real estate and miscellaneous—
ous. The company carries on its business both directly and for its General expenses and taxes........
Oregon Improvement Company.
own account, and indirectly through several separate corpor
ations which it controls by the ownership of their capital
stock. Thus the company owns, by direct title, its fleet of
steamships, its coal lands in western Washington, its agricult
ural and timber lands, and other real estate in eastern Oregon
and Washington, and a wharf and coal dock at San Francisco;
and owns, as a stockholder, the properties of:
1. The Pacific Coast Steamship Company, owning and
operating steamship lines on the Pacific Ocean, running from
San Francisco to all important points on the northern and
southern coasts.
2. The Pacific Coast Railway Company, consisting of a nar
row gauge railway from Port Harford to Los Olivos, 80 miles.
3. The Columbia & Puget Sound R. R., a narrow gauge
railway, with sidings and spurs, 57 miles in length, connecting
the Newcastle and Franklin mines with the port of Seattle.
[V ol. LIV,
Total expenses.......................
Net earnings....................- .............
1890.
$
,2,981,345
. 155,490
. 397,656
10,474
. 179,123
. 663,479
. 20,255
1891.
$
2,825,840
193,957
333,044
62,307
38,001
206,141
598,345
43,325
,4,407,922
4,300,960
,2,651,266
.
97,079
. 225,091
4,686
. 135,163
. 540,318
7,692
; -41,782
2,318,906
102,658
206.804
37,638
31,854
166,710
509,498
17,993
79,809
.3,703,077
. 704,745
3,471,270
829,690
IN C O M E ACC OU N T (A L L C O M P A N IE S).
1890.
$
704,745
136,563
1891.
$
829,690
14,357
841,308
844,047
332,303
68,497
50,000
322,934
120,000
553,793
75,344
50,000
Total disbursements...................— .............. 893,734
Balance....................................................... ............. df. 52,426
679,137
sr. 164,910
Receipts—
Net earnings..............................
Income from investments, &c.
Net income..........................
Disbursements—
Interest on bonds................... .
Other interest, & c.....................
Sinking fund,.............................
Dividends.................................
Pacific Coast SS. Co. dividend.
Terminal R. R. Association o f St. Louis.
( For the year ending Dec. 31, 1891.,)
The annual report says: “ The decrease in earnings arises
from the reduction in the volume of freight which crossed the
bridge. While there was an increase in the receipts from pas
senger railway and upper roadway traffic, there was a de
crease as against last year of 34,432 freight cars, mainly in
grain and live stock, which caused the reduction. But it must
be considered in this connection that the year 1890 was a re
markably prosperous year in all lines of railway traffic,
because of the heavy grain crops of 1889, which were carried
in 1890, while the failure of the crops in 1890 diminished to a
great extent the tonnage of 1891.”
Of the Union Depot the report says : “ The business has in
creased this year, as it has every year since its existence. This
increase, it must be understood, does not produce any addi
tional revenue to us, the rental being fixed during the exist
ence and operation of the depot at its present site and until our
new passenger station is opened for traffic.” * * “ The present
depot is now used by nineteen distinct lines, which run 230
trains daily in and out of the depot, 108eastjand 122 west.” * *
“ There were tickets sold at that station amounting during the
past year to $1,472,707, or an average of $4,034 daily, and
there were 886,851 pieces of baggage bandied, averaging 2,430
daily. The cost to roads for all this service, including rentals
and interest on invested capital, was 75'19 cents per coach in
1891, showing a gradual decrease since 1888, when the cost
per coach to roads was $1 09.
. . .
The earnings and expenses, and income account, for three
years, was as follows:
EAR N IN G S A N D E X PE N SE S.
1889. .
Earnings—
Passengers....................................... $341,054
1,011,643
Freight.............................................
389,218
Mail, express and m isceU ............
1890.
$353,279
1,166,464
409,579
1891.
$359,683
975,200
421,546
Total..................... .......... ........... $1,741,915 $1,929,322 $1,756,429
817,953
806,016
828,976
Oper. expenses and taxes.............
$938,476
$1,123,306
$912,939
Net earnings....................................
46*57
41*77
47*59
Op. exp. to earn., percent.............
INCOME ACCOUNT,
Net earnings.....................................
Other income...................................
1890.
1889.
$912,939 $1,123,306
113,560
28,390
1891.
$938,476
123,665
Total........................... -............... $941,329 $1,236,866 $1,062,141
Deduct—
$247,500
$225,000
$56,250
Interest on bonds..........................
26,846
11,226
694,401
680,202
800,709
Rentals............................................
61,733
47,110
30,872
Improvement account— ............
$1,030,480
$963,538
$887,831
Total..................... .......................
$31,661
$273,328
$53,493
Surplus.............................. ..............
West V irginia Central & Pittsburg.
( For the year ending Dec. 31,1891.,)
The annual report of the President, Mr. H. G. Davis, says:
« It has been one of the aims of the company to find an outlet
to the North and West from its Southwestern terminus, and
with this end in view it entered into an agreement with the
Baltimore & Ohio and the Pennsylvania railroads the fulfil
ment of which will provide connections to Pittsburg and the
West. Under the agreement the We3t Virginia Central has
built from Elkins to Belington, 173^ miles, and the Baltimore
& Ohio is to widen the Grafton & Greenbrier Railroad to a
standard gauge from Belington to Grafton, 42- miles. From
Grafton, via Fairmont, to Morgantown, the distance is cov
ered by existing tracks of the Baltimore & Ohio, and it is part
of the agreement that that road is to build from Morgantown
to Uniontown, about 30 miles, where a junction is made with
the systems of both the Baltimore & Ohio and the Pennsyl
vania* railroads, thus affording connections with the lakes
and all points West.” * * “ Gratifying progress was made
during the summer and fall on the extensions north and
south from Elkins, and these branches are rapidly approach
ing completion.” * *
“ As the construction of the branch lines progressed, the
Directors authorized the issue of $300,000 bonds, most o f
which have been sold, and none of them at a price less than
105 and accumulated interest at time of sale. These bonds
run until 1911, bear 6 per cent interest, and are a first m ort
gage on the franchise and property of the company, which
includes a large amount of valuable coal and timber lands.
The total authorized issue to January 1, 1892, is $2,800,000.”
Earnings, expenses and charges were as follows :
1889.
Earnings—
$
Passengers............................................. .. 54,010
Coal and coke freights.......................... ..100,788
Other freight and express................... .. 80,309
Miscellaneous........................................
Car mileage, United States mail, &e.. .. 55,847
1890.
$
65,081
132.293
109,370
26,681
90,676
1891.
$
76,349
168,927
140,945
11,858
106,004
Total earnings.................................. ..334,534
Operating expenses and taxes........... ...224,967
424,101
282,999
504,083
315,90 a
Net earnings........................................ 109,567
Add net receipts from coal department
and Piedmont & Cumberland R R ........ 105,018
141,102
188,179
105,784
99,962
Total net.......................................... ..214,585
Intel est on bonds.................................. ..122,414
246,886
145,561
288,141
154,050
101,325
134,091
Balance, surplus............................
485
¡THE CHRONICLE.
March 19, 1892.J
GENERAL INVESTMENT NEWS.
American Tobacco Company.—The American Tobacco
Companv reports for 1891 that it earned and paid 8 per cent
on the preferred stock and 12 on the common and had a surplus
of $1,293,995. Of its total capital of $35,000,000, $2,065,000
preferred and $3,100,000 common remain in the treasury. The
company claims to be the largest manufacturer of smoking
tobacco in the world. The assets and liabilities Dec. 31,1891,
were :
ASSETS.
Real estate, supplies, patents, &c............................................ $31,156,458
Ca8; h ..................... ...................................................................
Ooo 999
Net accounts receivable............................................................
636,935
Total......................................................................
$32,330,393
L IA B IL IT IE S .
Common stock.........................................................
Preferred stock................................ - ........... ---------Profit and loss surplus..............................................
Balance vendors’ fund (included in above assets^
,$17,900,000
11,935,000
1,505,175
990,218
Total.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - *................- ......... $32,330,393
Baltim ore & Ohio Southwestern—Notice is given that the
board of directors have declared interest due and payable out
of the earnings for the year ending Dec. 31,1891, to the first
preferred income mortgage bondholders at the rate of 5 per
cent per annum and to the second preferred income mortgage
bondholders at the rate of 1 per cent per annum.
Central o f Georgia.—At Macon, Ga., March 14, at the
hearing of the appplication of Mrs. Rowena Clarke for the
appointment of a receiver for the Central Railroad, when
the case was opened the Hon. A. O. Bacon read pleadings on
his intervention. The document was a long one. It charged
contemplated fraud and wrecking against the Richmond
Terminal & West Point, unconstitutionality of the lease,
and illegal proceedings on all sides. The bill ended by asking
for the appointment of a permanent receiver; that the lease be
declared null and void; that the ownership of the 42,000
shares held by the Richmond Terminal be declared illegal,
See» Sco%
The case was continued to March 24, and Judge Speer said
that it was very evident that neither side was ready, and he
urged the necessity for the filing of complete answers in order
that the case may go to trial on that day. He further stated
that a letter in his hand from Judge Pardee, saying that he
could sit with him on the 24th, was a more potent reason with
him for postponement.
Cincinnati Jackson & Mackinaw Railw ay.—A t Columbus,
O., March 9, the Cincinnati Jackson & Mackinaw Railway
Company filed articles of incorporation with a capital stock of
$16,300,000. The new company is the successor of the Cin
cinnati Jackson & Mackinaw Railroad sold under fore
closure.
Charleston Cincinnati & C hicago—At Nashville on the
12th inst. Judge Jackson, in the United States District Court,
appointed H. N. Taylor, of Knoxville, in place of A. B.
Harris, deceased, as receiver for the eight miles of the
Charleston Cincinnati & Chicago located in Kentucky. On
the portion o f the line in Tennessee, thirty-three miles, S.
Tate, Jr., is the receiver, and for the balance, some 160 miles,
located in North and South Carolina, D. H. Chamberlain is
the receiver. Mr. John Goldthwait, 169 Washington Street,
Boston, is the chairman of the reorganization committee.
Chattanooga Southern.—The reorganization committee an
nounces that a majority of the first mortgage bonds of the
company has been deposited with the Atlantic Trust Company
of New York under the reorganization agreement of Feb. 1,
and the plan o f reorganization as therein set forth has been
declared effective. The committee comprises H. A. V. Post,
Russell Sage, Walter Stanton, Henry L. Lamb and Newman
Erb,
Chicago Gas.—Notice has been sent to the holders of Fidel
ity Trust certificates for Chicago Gas Co’s, stocks that the Co
lumbus Construction Company offers to holders of record on
March 8 a portion of the securities it receives on its contracts
from the Indiana Natural Gas and Oil Company on the fol
lowing terms, viz.: $4,000,000 Indiana Natural Gas & Oil
Company 6 per cent first mortgage gold bonds (total issue
$5,000,000) at 90 and interest, with a bonus of 15 per cent, or
$600,000, in the stock of the said company (total issue limited
by law to $2,000,000).
Subscribers to each $1,000 bond will receive, as a bonus,
three shares of stock of a par value of $50 per share. No sub
scription received for less than one $l-,000 bond, nor for any
fractions thereof. These bonds are due July 1, 1910, with an
annual sinking fund,[requiring1$150,000 per annum, at 105, be
ginning in 1894. Interest payable January 1 and July 1.
The circular says: “ The Columbus Construction Company
of New Jersey is constructing two lines of pipe for conducting
natural gas to East Chicago, a distance of 116 miles from the
field, for the Indiana Natural Gas & Oil Company of Indiana,
and the work will be finished in a few months. The latter
company has acquired by purchase and leases the largest
i amount of natural gas territory ever controlled by one cor
poration, and occupies a territory of over 30 miles in length,
and 10 to 18 miles in breadth. It owns several wells, each
with a capacity of three million to seven million cubic feet
daily, besides the famous ‘ Jumbo ’ well, located not far from
Marion, Ind., with a daily capacity estimated at over eleven
486
THE CHRONICLE.
million cubic feet. From these few test wells the total daily
capacity is proven to be over one hundred million cubic feet.”
In reference to the foregoing privilege Messrs. E. C. Bene
dict & Co., of New York, offer par for any or all o f the stock
o f the Indiana Natural Gas & Oil Company which subscribers
will receive with their bonds, and this offer will continue in
force until thirty days after the distribution of securities takes
place, as provided for in the circular.
jV o u L1V.
the Richmond Terminal and Richmond & Danville boards of
directors Mr. John H. Inman resigned the presidency of both
companies and Mr. W . G. Oakman was elected to succeed
him. Mr. R. T. Wilson resigned from the board of the Ter
minal Company to make room for ex-President Inman as a
director. In the Danville directory Mr. Oakman (the newlyelected President) is succeeded by Mr. H. C. Fahnestock and
Mr. S. M. Inman is succeeded by his brother Mr. John H. In
man. Mr. Oakman was also chosen President o f the East
Tennessee in place of Mr. Felton, resigned,
The plan is given at length under the title of “ Reports and
Documents” on another page, and it will thus remain on re
cord in the files of the C h r o n ic l e , where it can always be
referred to readily whereas pamphlet copies have to be sent
for and are easily lost or mislaid.
Delaware & Hudson—Adirondack.—The Delaware & Hud
son Canal Company has decided to create a new mortgage of
$2,000,000 upon the Adirondack Railroad Company, the con
trol of which was acquired in 1889. The new mortgage is to
provide for the payment of advances. There will be $1,000,000 4% per cent fifty-year gold bonds issued at present under
the mortgage, with the Delaware & Hudson’s indorsement of
guarantee of principal and interest. It is understood that
Sandusky & Columbus Short Line—Columbus Shawnee &
Kuhn, Loeb & Co. have taken the bonds.
H ocking.—The contract has been let to Stearns & Hoover, of
Green Bay Winona & St. Paul.—The reorganization plan Columbus, Ohio, for the construction of a line from Columbus
was given in this column last week. Additional details are as to Sandusky, O., a distance of 110 miles. The road will be
follows: The holders of the old income preferred and common known as the Sandusky & Columbus Short Line and is pro
.stock that have not paid their cash subscription under the jected in the interest of the Columbus Shawnee & Hocking,
plan of July 15, 1889, will be assessed a like amount, viz., $1<>0 giving the latter company an outlet to Lake Erie and inter
for each income bond and $5 per share on both common and secting the Lake Shore and other east and west lines. A
preferred stock, receiving for this assessment the new consol mortgage for $3,000,000 has been authorized, and it is reported
that a sufficient amount of the issue has been sold to provide
idated bond scrip, dollar for dollar.
The holder of each $1,000 second mortgage income bond, for the completion of the road. It is expected to be able to
having paid the subscription or assessment due under the plan operate the road for coal traffic by November, this
of July 15, 889, will receive a new income bond, non-cumula- year.
tive, or the existing bond stamped upon its face by the trustee
Tennessee Coal & Iron —l)e Bardeleban Coal & Iron .—
to the effect that it bears 4 per cent, if earned, with coupon The following official announcement was made this week:
sheet attached.
“ The negotiations •which have been pending for the past
Holders of stock (subscription paid) will receive new certifi two weeks for a union of the Tennessee Coal, Iron & Rail
cates, share for share, dividends, if earned, to be paid as fol road Company with the De Bardeleban Coal & Iron Company
lows: Preferred stock shall be entitled to dividends up to 5 per and the Sloss Iron & Steel Company have been successfully
cent in preference to the common stock, which common stock consummated so far as regards the first two corporations.
shall be next in order at the same rate, and the preferred The terms have been agreed upon satisfactorily between
stock, after such payment of common, shall be entitled to these two, which repreent more than five-sixths of the
additional dividend of 2 per cent.
entire interest involved.The Sloss Company, which repre
New York Central & Hudson River.—The gross and net sents less than one-sixthof the entire property, has not been
earnings and charges for the quarter and nine months ending ncluded in the new arrngement.
March 31 have been as follows; 1892 figures include operations
“ There will he no change in the organization of the Tennessee Coal
of the Rome Watertown & Ogdensburg RR.; 1891 figures in & Iron Company except increased representation in the board of
directors and an increase in the amount of capitalization. The capital
clude same after the 14th of March only.
of the De Bardeleban Company was $10,000,000 in stook and $3,000,r-Quar. end. Mar. 31.— ^-9 mos.end. Mch.31.—
1891.
1892.
1891.
1892.
(Actual) (Estimated) (Actual) (Estimated)
$
$
$
$
Gross earnings................8,988,176 10,827,275 27,514,866 34,980,893
Operating expenses....... 5,975,439 7,436,244 18,498,943 23,441,193
9,015,923 1.1,539,700
Net earnings ........... 3,012,737 3,391,031
Op. ex. to earnings.... (66*48 p.e.) (68*68 p.c.) (67*23 p.c.) (67*01p.c)
- First charges............ 2,184,850 2,479,120 6,381,250 7,411,496
827,887
911,911
894,283 1,117,854
(1 p. c.) Ofo p. c.)
2,634,673 4,128,204
2,682,849 3,353,561
(3 p. c.) (3% p. c.)
Balance.................... def.66,396def.205,943
def.48,176sur.774,643
Profit..........................
Dividend..........................
Rate of dividend............
Ohio & Mississippi.—The report of Messrs. Greene and
Kendrick of the examination they made for the Comm ttee of
shareholders as to the requirements of the Ohio & Mississippi
Railroad in the way of expenditures for the improvement of
the property, the enlargement of the traffic, and for economical
operation, has been forwarded to London. Mr. Wm. M. Greene
was for years General Manager of the Big Four system, and
Mr. J. W . Kendrick is the Chief Engineer of the Northern
Pacific. These gentlemen were appointed to examine the
property owing to the qu stioning made by the opposing O.
& M. interest as to the accuracy of the report in August last
by Mr. Graham. Messrs. Greene and Kendrick summarize a
lengthy report by the recommendation of expenditures for
needed improvements aggregating a total cost of $2,932,000.
The examination made by Mr. Graham called for $2,140,000.
Philadelphia & Reading.—On March 15 Attorney-General
Hensel filed in the Dauphin County, Pa., Court, his bill in
equity asking the court to declare null and void and to enjoin
perpetually the recent deal by which the Philadelphia & Read
ing Railroad Company secured the leases of the other rail
roads. The defendant companies are required to appear in
court within fourteen days alter service of notice.
—A t the robbery of the Coldwater, Mich., Bank on March
2 there were taken from the vault forty “ deferred” bonds of
the Philadelphia & Reading Railroad Company, for the sum of
$1,000 each, and numbered 875 to 899 inclusive, 1714 to 1726
inclusive, and numbers 1733 and 1734.
Richmond & West P oin t Term inal.—The elaborate plan
for the financial reconstruction of the Richmond & West Point
Terminal Railway & Warehouse Co. was issued Wednes
day afternoon by the stockholders’ committee, consisting of
Messrs. F. P. Olcott, Oliver H. Payne, Frederick D. Tappen,
William H. Perkins and Henry Budge. To this committee
Mr. H. C. Fahnestock, of the First National Bank of this city,
and Mr. J. Kennedy Tod, have been added. The bankers’
syndicate to guarantee the cash required for the consumma
tion of the plan is composed of the following firms and indi
viduals among others: Hallgarten & Co., First Nat. Bank, J.
Kennedy Tod & Co., Central Trust Co., Lee, Higginson & Co.,
Lazard Freres, Chase Nat. Bank, Maitland, Phelps & Co., Moore
& Schley, Oliver H. Payne, Spencer Trask & Co., E. C. Bene
dict & Co., Work, Strong & Co., Edward Sweet &
Co., C. J. Lawrence & Sons, Woerishoffer & Co.,
I. & S. Wormser, Poor & Greenough.
At meetings of
000 in bonds. That of the Tennessee Coal & Iron Company was
$5,000,000 in bonds, $1,000,000 in preferred stook and $9,000,000
common stock. That is to say, the two companies represented a cap
italization of $19,000,000 in common stock, *1,000,000 in preferred
stock and $8,000,000 of bonded indebtedness. The capital stock of
what may be termed for convenience the new company will be
$17,000,000 common stock and $1,000,000 preferred stock. Of this
$17,000,000 $1,000,000 will remain in the treasury. It will be seen
from this that tne joint capital stock has been scaled down, not in
creased. The importance of this transaction can be better understood
by a brief glance at the two properties:
“ The Tennessee Coal & Iron Company was chartered in 1852 as the
Sewanee Mining Company. In 1857 it was changed to the Tennessee
Coal & Railroad Company, and continued operating under that name
until 1881, when it absorbed the Sewanee Furnace Company. A year
later it absorbed the Southern States Iron <fc Land Company (limited),
and then its name was changed to its pi esent title, the Tennessee Coal
Iron & Railroad Company. Four years later it absorbed the Pratt Coal
& Iron Company and the Alice Furnace Company. At present it owns
208,000. acres of coal and ironland, chiefly in Alabama, and has ten
blast furnaces and 1,950 coke ovens. Its daily output is 1,000 tons of
pig iron and 6,500 tons of coal.
“ The De Bardeleban Company represents the consolidation of a
half-dozen different corporations. It at first absorbed the Bessemer
Iron & Steel Company, next the Little Belle, |and then the Eureka
and the Henryellen. All this absorption has taken place within
the last four years. This company owns 160,000 acres of coal and
iron lands in the Warrior and Cahaba coal basins of Alabama. It has
seven blast furnaces and 1,040 coke ovens. Its daily output is 700
tons of pig iron and 3,000 tons of coal.
,
“ This company’s lands are interlocked and interwoven with those
of the Tennessee Coal & Iron Company. In fact it may be said that
the two companies have been rivals in the fullest sense of the word.
They mined their coal in practically the same territory, made their
iron and coke under similar conditions and with the same advmintages,
sold their output in the same markets, and the main advantages of a
union would be, of course, to minimize the expense and cost of pro
duction, and it was, from a strictly business point o f view, the logic of
the situation.
“ The two great coal basins of Alabama are the Warrior and Cahaba.
They are separated by the Red Mountain, which contains the iron ore
from which these companies draw their supply. Over sixty miles of
this mountain is now owned by these companies. The Warrior coal
field, carrying the coking coal, is underlaid by the Platt and Blue Creek
seams, the Pra t being about 4k> feet iu thickness and the Blue Creek
8 feet minimum. The Cababa carries the domestic and steam coals.
By this union the new companies acquire about forty-five miles of the
Cahaba and about fifty miles of the Warrior fields.”
Texas & Pacific.—As a part of the annual report of this
company, and preceding the regular matter in the pamphlet,
is a report of the expert accountants, Messrs. Price, Waterhouse & Co., which was made at the request of the President
of. the Mercantile Trust Co., trustee of the second mortgage.
The accountants examined the report for 1891, and made the
balance of income available for payment of interest $1,521,069;
deducting the imperative interest of $1,288,272, a balance of
$232,797 was left, exclusive of a credit balance of $140,643
brought forward from the year 1890. The accountants in pre
senting their income account, which differs from that of the
company, say:
“ Whilst showing the above-stated balance ($232,797 for
1891, exclusive of the credit balance of $140,643 brought for
ward from 1890) of income as apparently available for pay
ment to the holders of the second mortgage bonds, we do not
thaink that the financial position and requirements of the
company would admit of such a payment being made.”
For other Investment News see Pages 46 9 and 491«
THE CHRONICLE
M ar ch 19, 1893 j
487
*nto by them for rentals and guaranteeing of bonds and stocks
of subordinate companies, the apparent surplus has not been
to the payment of dividends upon their stocks.
R ICH M O ND & WEST POINT TE R M IN A L applicable
The companies controlling the respective systems have, in
declaring dividends, treated the indebtedness to them of their
RAILWAY & WAREHOUSE COM PANY.
subordinate companies as assets, although such indebtedness
could be collected only out of net earnings of the subordinate
PLAN OF REORGANIZATION.
companies.
DATED MARCH 18 T, 1892.
The committee finds that the various systems have not been
operated throughout for the common benefit o f the control
FREDERIC P. OLCOTT,
'j
ling interest, but that they have competed among them
OLIVER H. PAYNE,
selves for business, each system maintaining separate organ
FREDERICK D, TAPPEN,
izations for obtaining business. This has necessarily resulted
W ILLIAM H. PERKINS, V Committee.
in a large diminution of net earnings of the property as a
HENRY BUDGE,
whole, and in an increase of expenses.
H. C. FAHNESTOCK,
Receiverships, bankruptcy, disintegration of the properties
J. KENNEDY TOD,
J
and ruinous sacrifice o f securities are inevitable unless a
GEORGE S. ELLIS, Secretary,
remedy be applied without delay.
54 W all Street, New York.
In the judgment of the Committee, the only adequate
remedy which can be adopted is to unite the several corpor
C E V T R 1 L T H U S T CO. OE N E W Ï D R K , D B P O S IV I R Y ,
ations, as far as practicable, in one system, under one man
agement, and to consolidate their obligations.
N e w Y ork, March 1st, 1893.
To this end the Committee has prepared the plan w hich is
T o th e H o ld ers o f Securities ol' thé R ic h m o n d & W est
herewith submitted.
P o in t T e rm in a l R a ilw a y & W a reh o u se C om pany
In view of the pending litigation affecting the Central Rail
an d o f Its A u x ilia ry C orporation s.
road & Banking Company of Georgia, and of the questions
The Committee appointed to prepare and report a plan of which are before the Courts and undetermined respecting its
reorganization of the properties of the Richmond & West existing lease, and considering the legal difficulties attending
Point Terminal Railway & Warehouse Company and its Aux a consolidation embracing that company, the Committee has
iliary Companies has made a careful and thorough investiga found it advisable to make no provision, for the present, for
tion of the situation, financial affairs and properties of those taking up the outstanding stocks or securities of the Central
companies.
Railroad & Banking Company of Georgia ; but the interests
The properties involved are made up at present of three sep of the Richmond Terminal Company in those stocks and sécu
arate main divisions or systems, known respectively as the rités will vest in the new corporation and form a pact of the
Richmond & Danville System, the East Tennessee Virginia & security for the new First Mortgage B ind3.
Georgia System and the Central Railroad & Banking Com
It is also contemplated by the plan that the rights and in
pany of Georgia System.
terests of the East Tennessee Virginia & Georgia Railway
The present state o f these system s, e x clu d in g the C. R R . & Company in the securities of the Alabama Great Southern
B. Co. o f G a ., specially referred to h ereafter, is as fo llo w s :
Railway Company, Limited, the Alabama Great Southern
Bonds and guaranteed Stock outstanding in
RR. and the Cincinnati N. O. & T. P. Railway shall be sub
the hauds of the public on Jan. 1,1892—
jected to the lien of the new First Mortgage.
Miles.
The satisfaction and discharge of the Richmond Terminal
Richmond & Danville System*............. ...
3,520‘5 $69,927,661
East Tenn. Va. & Ga. System (excluding
Collateral Trust 6 per cent Mortgage will be deferred until the
Alabama Gt. So. Ry) ..................... .......... ^
2,318-1
50,828,725 collateral deposited to secure bonds issued thereunder may, in
T o ta l® ..........................
5,838-6 $120,756,386 the judgment of the Committee, be directly subjected to the
Stocks outstanding in the hands o f the pub
lien of the new First Mortgage.
lic on January 1, 1892—
The advantages of the proposed plan are manifest.
Richmond & Danville S ystem ....................... $10,707,354
Some of these advantages may be estimated by a comparison
East Tenn. Va. & Ga. System (excluding
of the results of the present system of operation and of the
Alabama Gt. So. Ry.)............................
44,752,225
----------------- $55,459,579
one proposed, bearing in mind that the apparent net earnings
Bonds and Guaranteed Stocks owned and controlled___
27,974,740 of the existing properties are not and have not been available
Stocks owned and controlled...................................................
98,649,396
to their full extent.
Richmond <fc West Point Terminal Railway & Warehouse
R e p o r ts
a n d
d o c u m e n ts *
Co, Common Stock..............................................................
Preferred Stock..............
Bonds.......................................................
70,000,000
5,000,000
Total securities exclusive of Car Trusts.....................
$394,572,101
Ca r T rusts -^
R. &, D. R R. Co........... ......................................... ............
Georgia Pacific....................................................................
East Tennessee Va. & Ga.......................................
.
Louisville Southern...........................................................
Memphis & Charleston.............................. ............ ;........
$895,100
647,724
375,000
827,942
123,798
$2,369,564
F loating D ebts—
Richmond & Danville RR. Co., March 1, 1832.............
East Tennessee Va. & Ga. Ry. Co...................................
$5,100,000
1,210,000
$6,310,000
The fixed charges on the properties, excluding the Central
Railroad & Banking Company of Georgia and the Alabama
Great Southern Railway Co. (based on the present bonded
debt, floating debt and rentals, but excluding taxes, which are
included in the operating expenses, and not including interest
on any securities owned bv the system or the various corpora
tions composing the system) amount to $8,973,730 per annum,
in addition to which are annual car trust payments, which,
for the current year, will amount to $503,117, making a total
of annual fixed charges $9,474,837.
The net earnings for the year ending June 30, 1891, of all
the systems (exclusive as aforesaid) after deducting taxes, and
not including income from investments in securities of the
Terminal System, or indebtedness or interest on indebtedness
due from the various corporations to each other, were
$8,744,736.
The Richmond Terminal Company controls the three sys
tems by majority stock ownership (except in the case of the
East Tennessee Virginia & Georgia Railway Company, where
its ownership is less than a majority), and the three principal
railway companies control their subsidiary corporations, to a
considerable extent, by like majority stock ownership.
While some of the companies show a surplu3 of earnings, in
many instances it has been impossible to apply such surplus
earnings to make up deficiencies arising from the operations
of other companies.
Moreover, although some of the larger companies have ap
parently earned a surplus, yet because of obligations entered;
* (Waterline about 200 miles included.)
® Mileage as above
.5,838-6
Central RR & Banking Co. of Ga...*.2,682»QAlabama Gt. Southern RR. - -..
. i >295*5■
Total mileage controlled
S iìÌÉ t
,
PRESENT STATUS.
Gross earnings last flsoal year (excluding Alabama Gt.
16,732,000 ........................
Southern)........
$28.338,500
Ooerating expenses........................ ........................................ 19,593,764
Net earnings........................................................... ...................
8,744,736
Fixed charges................................................. : ........................
9,474,837
PROPOSED CONSOLIDATION.
Fixed Charges (excluding $10,000,000 First Mortgage
Bonds, to be issued only for additional property).............. $6,400,000
Rentals (Cincinnati Soutbern $1,000,0JO, N. C. RR.
$260,000)........, ...................................... .................................... 1,260,000
Total fixed charges.................................................................$7,660,000
The concentration of the numerous corporations under one
management will result in a large reduction in the expenses
and a corresponding increase in the net earnings.
While the Committee finds that the properties are in a fair
physical condition, the plan makes due allowance for the
requisite improvements and betterments during the next two
years, the addition of which will result in a material reduction
of operating expenses. Provision has also been made for ma
turing car trust obligations and to pay off existing floating debt.
The Committee is to name th e . first Board of Directors of
the new corporation, which will be called “ The Southern
Railway Company.”
In determining the basis of exchange of old securities for
new, the Committee has endeavored to exercise absolute im
partiality, and has reached its conclusions after a careful study
of the merits of each security. It believes that it has treated
all interests in a fair and equitable manner.
Messrs. H. C. Fahnestock and J. Kennedy Tod have been
invited and have-consented to become members of the Com
mittee.
In conclusion, the Committee desires to impress upon you
that the failure of this plan will result in early default, re
ceiverships, complicated litigation, a disruption of the prqp-erties, and disaster to all the interests involved.
George S. E llis,
Secretary,
54 Wall Street,
New York.
F rederic P. Olcott,
Oliver H. Payne, .
F rederick D. Tappen,
W illiam H. Perkins,
Henry Budge,
Committee.
, ST A T E M E N T S A N D SC H E D U L E S A T T A C H E D .
Stocks I ssued and O utstanding (excluding Guaranteed Stock».Sta tem en ts : ?;
No. 1.—Richmond & Danville System.
“ '2.—East TehnAssbe Virginia & Georgia System. '
B o m >8 a n d .G uakantekd Stocks I ssued and Outstanding .
N o.3.—Richmond & Danville System.
“ y.—East Tenneaaeb Virginia & Georgia System.
_
_
[V ol. LTV.
THE CHRONICLE,
488
Richmond Sc Danville System- (Continued).
S ecurities Ow n e d and co n tr o ll e d .
No. 5.—Stocks.
“ 6.—Bonds and Guaranteed Stocks.
“
Miles.
N ame of R o a d .
7.—P resent S tatus .
8.—P roposed N e w S ecu rit ies .
D istribution o f N e w S ecu rities .
No. 9.—First Class, First Mortgage 4 Per Cent 35-Year Gold Bonds.
* 10.—Second Class, Preferred 5 Per Cent Stock {non-cumulative).
“ 11.—Third Class, Common Capital Stock.
** 12.—N ecessary Cash R equirem ents .
Brought forward............. .........C ontr’ i’ d; o p e r.a sp ’ rt B .& D . W * •
P iedm ont R a il r o a d .
A tlanta & Ch arlotte A ir L in e R y .
269
R osw ell R R .—N. G.
N am e of R o ad .
R i c h m o n d A D a n v ille R R .
Coris.Mtg ,Gold, J an.,19 15,G p.c., J &J
Deben. Mtg„Apr., 1927,6 p.c., A&O..
Consol. Mtg., Oct., 1936, 5 p o., A&O.
Equip. Sink. Fund, Gold, Sept.,1909,
Equip. Sink. Fund, Gold, May. 1906,
€ p. c , M&N........................ ............
152
Issued.
$
Outstand
ing in the
hands o f
the Public.
$
5.997.000 5.997.000
3.368.000 3.368.000
4.498.000 3.041.000
1.390.000 1.390.000
883,000
39
223
Stock (guar, under leaseMi p.c.,M&8
1st Mort.,Pref., Apr.,1897,7p.c., A&O
1st Mort., Jan., 1907, 7 p.c., J&J---Richmond & Danville System.
Income, April, 1900, 6 p.c., A&O—
B
o
n
d s guar, by endorsem ent.
OustandW ashington Ohio & W estern RR.
ing in the
1st
Mort., May, 1924, 4 p.c., F& A ...
Miles. I Issued.
hands of
N am e of R o ad .
Income(non accum ) ,May, 1924,6p.c,
the public.
N o rth W estern N. Ca r o lin a RR......
1st Mort., April, 1938, 6 p.c., A&O
$23,800
152 $5,000.000
R i c h m o n d & D a n v ille It K .—
Cl a r sk v il le & N orth Ca r o lin a RR.
C o n t r o lle d b v O w n e r s h ip o f S t ’ k ;
1st Mort., Nov., 1937, 6 p.c., M&N...
op erated as p a rt o f R . & D. R B .
O x f o r d & Cl a r k s v il le .
3,300
1,500,000
50
Piedmont R R ..........................................
1st Mort., Nov., 1937, 6 p.c , M&N..
24,850 O perating
61,250
7
Milton & Sutherlin R R .........................
Leases.
14,500
31,300
11
State University RR..............................
V ir g in ia Mid land R a il w a y .
L e a s e d f o r fix e d r e n t a l s »
Serial Mortgages:
....
Richmond York River & Chesap. RR.. *39
1st Series March, 1906, 6 p.c., M&S.
••••
....
North Carolina R R ................................ *223
2d “
“
1911,6 p.c., M&S
Atlanta & Charlotte Air Line R ’way.. *269
3d “
“
1916,5 p c.,5yrs.
C o n t r o lle d b y O w n e r s h ip o f S t ’ k ;
6 p c., 30 yrs.,M&S.........................
B o n d s G u a r, b y E n d o rse m e n t—
4th
Series
March,
1921,3 p.c. 10 yrs.
1,500.000
Washington Ohio & Western R R ........ t 50
4 p.c. 10 yrs., 5 p.c. 20 yrs.,M&S..
503,500
1,500,000
Northwestern North Carolina RR....... tio o
5th Series March, 1926, 5 p.c ,M&S.
100,000
Clarksville & North Carolina R R ........ t 7-5
6th
“
“
1931,4 p.c. 8 yrs.,
l‘ÌÒ‘,000
1,000,000
Oxford & Clarksville RR..................... t 50
5 p.c. 42 yrs., M&S........ ...............
O p e r a t in g L ea ses—
Gen’l
Mort.,
May,
1936,
5 p.c., M&N
6,000,000 1,475,767
Virginia Midland Railway.................... 408
Income Mort., Jan., 1927,6 p.c.,J&J
8,000,000 1,663,400
Western N. C. R R ................................... 300
C
h arlottesv ille & R apidan R R .
2,578,000 1,059,100
191
Charlotte Columbia & Augusta RR. .
First Mort., July, 1913, 6 p.c., J&J.
172
and Leased Lines................................
F ranklin & P ittsylvan ia N. G. RR.
998,000
Columbia & Greenville RR., Pref........ |164| 1,000,000
1st Mort., July, 1913, 6 p c., J& J...
1,000,000
—
*•
“
“ Common.
W estern N o rth Ca ro lin a RR.
Col. & Greenv. owned and leased lines
1st Consol., July, 1914, 6 p.c., J&J..
1,000,000
(incl. Spartanb. Un. & Colum. R R ... 132
2d Mort., July, 1914, 6 p.c.. J&J___
566-5 8,555,000 4,176,568
Georgia Pacific R’ way...........................
C
harlotte Columbia &A ugusta R R
500,000
....
20
Statesville & Western R R .....................
1st Mort., Jan., 1895, 7 p.c., J&J—
325.000
13
Oxford & Henderson RR ......................
2d Mort., Oct., 1902, 7 p.c., A & O ....
57,900
357,900
31-5
Richmond & Mecklenburg RR.............
1st Consol, July, 1933, 6 p.c., J&J.
118.900
239,000
40
North Eastern RB. of Georgia............
' A tlantic T ennessee & Oh io RR.
37,500
250,000
27
High Pt. Randleman Ashb. & Sou. RB
Stock, A&O, 4 p.c..................... .
C o n t r o lle d b y O w n e r s h ip o f S t ’ k ;
1st Mort., 1913, 6 p.c., A&O..........
o p e r ’ d a s s e p a ra te c o m p a n ie s —
Chester & L enoir N. G. Ry.
2,019
1,050,000
70
Abbeville & Spartanburg R R .............
Stock (gu.byC.C.&'A.) I 1«p.c..A&O
368.600
70
Panv. & West. R’y (Narrow gauge)....
1st Mort., July, 1900, 7 p,c., J&J..
130,000
390,000
26
North Carolina Midland RR.................
1st Mort., July, 1900, 7 p.c., J&J
95,700
195.900
51
ETier ton Air Line RR. (Narrow gauge)
(guar C. C. & A.)..................
22,400
10
45,000
nawreneeville RR. (Narrow gauge)...
C
h e r a w & Chi ster N. G ___ . ..
19,900
40,000
10
Roswell RR. (Narrow gauge)...............
Stock
(guar, by C. C. & A.) 1*2
8,000
21,000
10
Hartwell RR. (Narrow gauge).............
p.c., O c t .. . . . . . . ............................
625.000
162,250
41
Yadkin R R .................................... ........
1st Mort., July, 1897, 7 p.c., J&J.
250.000
B i t. Cu es.& i t i c l i i n , S l-iu b H C o .. 200
1st Mort.. July, 1897, 7 p.c., J&J.
Columbia & G r een ville RR.
3,520*5
1st M ort, Jan.. 1916, 6 p.c., J& J...
43,482,950
Total Stock (excluding Guar’d Stock). 1
2d Mort., April, 1926, 6 p.c., A&O..
_______
Total Stock (excluding Guar’d Stock)
Blue Ridge RR. 7 p .c .........................
j
10,707,354
in hands of public)..............................
L aurens R y .
1st Mort., Oct. 1916, 6 p.c , A&O__
* Stock guaranteed by R. & D., included among fixed obligations.
Spartanburg U nion & Colum bia R R
See “ Bonds and Guaranteed Stocks.”
t This road also leased.
1st M., Jan. 10,1932, 5 p.c., J&J,10th
S T A T E M E N T N o. 2 .
G eo rg ia Pacific R y .
1st Mort Jan., 1922, 6 p. c., J& J...
STOCKS ISSUED AND OUTSTANDING.
2d Mort., Inc., Oct., 1923,6 p.c.,A&O
Consol. 2d M.,Oct., 1923,5 p.c.,A&O
East Tennessee Virginia $c Georgia System.
Inc. Mort., Oct., 1923, 5 p. c., A&O.
OutstandS.F. G’ld Eq’p.,Aug .1904,5 p e.,F&A
in the
Sink. Fund Gold Equip., May, 1906:
Issued. ing
Miles.
Hands of
N ame o f R oad
6 p. c., M&N.....................................
the Public.
Statesville & W estern RR.
1st Mort.. July, 1937, 6 p. c., J&J...
E a st T e « n . V a. A G a. Ity .
O x f o r d & H enderson RR.
$
$
1st Prefd. Stock................................... 1,305-5 11,000,000 2,216,800
1st Mort., July, 1937, 6 p.c.,'M&N..
18.500.000 11.904.000
R ichmond & M ecklenburg RR.
27.500.000 21.620.000
1st M ort, Nov., 1921, 6 p.c., M&N..
635,200
131,000
2d
9t May, 1937, 6 p. e., M&N..
Alabama Centx-al R R .............................
N orth E astern RR. Co. of G a .
L ased.
69-3 1,122,200
355,200
1st Mort., May, 1896, 7 p. c., M&N..
130-5 7.000.
3.500.000
000
Louisville Southern R R ........................
Gen. “ Nov., 1926J6 p. c., M&N..
C o n t r o lle d b y o w n e r s h i p o f St’ k .
H igh P t . R an. A sh . & Southern RR.
500,000
146-8 3.000. 000
1st Mort., April, 1930, 6 p. c., J&J..
330
5,312,725 2,615,225 C o n t r o l’ d b y o w n ’ r.sh ip o f s t o c k s
Cinn. N.O. & T. P. R y............................. 336 (a) 3000000 1.800.000
a n d o p e r a t e d a s’s e p a ra te C o .’ s
A sheville & S partanburg RR.
2,318-1
1st M ort, April, 1925, 6 p. c., A&O
77,070,125
2d
“
July, 1937, 6 p. c., J&J.
Total Stock Outstanding in the
D an vil le & W estern R y .—N. G.
hands of the Public.........................
44,752,225
lstMort.,due Oct., 1936,5 p. o , A&O
N orth Carolina M idland RR.
(a) $1,000,000 of this stock owned by Alabama Gt. So. RR. Co.
1st M ort,due July, 1931,6 p.c., J&J
E lberton A ir L ine R y .—N. G.
S T A T E M E N T NO. 3 .
1st M. Bonds, July, 1898,7 p.c., J&J
BONDS AND GUARANTEED STOCKS ISSUED AND OUTSTANDING*
L aw ren ceville R R . —N. G.
1st
Mort.. July, 1900, 7p. c., J&J..
Richmond & Danville System.
Miles.
11
N orth Caro lin a RB.
Stock, Rental, 6*2 p.c., J&J.............
S T A T E M E N T N o. 1.
STOCKS ISSUED AND OUTSTANDING.
#
.
7
M ilton & Sutherlin R a il r o a d .
A.
D eposit o f Secu rities .
50
1st Mort., March, 1928, 6 p.c., A&O.
2d Mort., March, 1928, 4 p.c , A&O.
JLst Mort., Jan., 1907, 8 p.c., J & J ....
State U n iversity R o a d .
—Method of Exchange of Outstanding Stocks (guaranteed stocks
Leased fo r F ix e d R e n ta ls.
not included) and Distribution of New Securities in Detau.
R ic h . Y o r k R iv e r & Ch es . RR.
B.
—Method of Exchange of Outstanding B«nds and Guaranteed
Stock guar, under lease 6 p.c.. J&J..
Stocks, and Distribution of New Securities in Detail.
1st Mort., Jan., 1894, 8 p.c., J&J---Subscriptions to Cash F und .
2d Mort., Nov., 1900,6 p.c., M&N ..
S chedules .
1 J2
1st M ort, July, 1900, 7 p. c., J&J.
H a r t w e l l RR.—N. G.
1st Mort.. Sept., 1889,10 p. e., M&S
Y adkin RR.
—
50
100
7-5
50
—
&
R ich
Real Estate Bonds, 6 p. c., F& A ...
Certs, of Indebtedness, 6 p. c., A&O
Outstand
ing in the
hands o f
the public.
$ 1 6 ,136,0 0 0 &3t7Q6,ooo
$
*
500,000
500,000
26,000
None.
497,500
400,000
500,000
....
....
....
497,500
400,000
500,000
4,000,000 4,000,000
1,700,000 1,700,000
500,000
500,000
4,250,000 4,250,000
750,000
750,000
1,250,000 1,000,000
625,000
1,500,000 1,333,000
111,000
111,000
750,000
750,000
408
600,000
600.000
1,900,000 1,900,000
....
1,100,000 1,100,000
—
950,000
950,000
1,775,000 1,775,000
....
1,310,000 1,310,000
4,859,000 4,859,000
10,000
10,000
....
309
191
44
"99
—
421,700
421,700
85,000
85,000
3,856,000 2,531,000
4,110,000
2,000,000 2,000,000
500.000
500.OC0
500,000
500,100
400,000
150,000
400,000
150,000
345,406
250,000
345,400
250,000
100,000
12,500
273,350
100,000
50,500
222,950
100,000
29
164
32
32
’ *68
566-5
2,000,000 2,000,000
1,000,000 1,000,000
496,000
200,000
1,000,000 1,000,000
5.660.000 5,660,000
109,000
109.000
5.002.338 4,616,024
5.042.338 3,207,287
974,COO
1.273.000
546.000
20
13
* 3Î-5
"40
"27
70
’ Vo
” 26
51
"ÍÓ
To
TÖ
41
1st Mort., Oct., 1940, 6 p. c., A&O.
B altim ore Ch e sa p e a k e
mond Steam boat Co .
Issued.
200
3CO.OOO
193.000
315.000
160,0 l0
315.000
260,000|
315.000
260.000
402.000
500.000
215.000
500.000
1,052,000
500.000
390.000
150.000
30.000
35.000
32,500
20.000
3,800
615.000
140.000
250.000
140,000
3,520*5
Total Mileage...............................
87,314,126
Total Bonds and Guar.Stocks Issued
Total
. •• *•
“
Out
69.927.661
standing in Hands of the Public.
THE CHRONICLE.
M a r c h 19, 1892. J
S T A T E M E N T N o. 4 .
BONDED DEBT.
East Tennessee Virginia & Georgia System.
N am e of K o ad .
Miles.
Issued.
Outstand
ing in the
hands of
the Public.
$
$
E a*t T e rn ». V a . Sc G eorgia R ’ w ay 1,305-5
3.123.000 3.123.000
1st Mort. July 1,1900, 7 p.c., J& J..
3.106.000 3.106.000
1st Mort. July 1, 1930, 5 p. c., J&J..
12,770,000 12,770,000
New Consol Nov.. 1965, 5 p.c.,M&N
1,000
1,000
Old East Tenn. HR., 6 p.c., Past Due
4.940.000 3.920.000
1st Ext. M. June 1,1937, 5 p.c.,I>&J
6,000,000 6,000,000
im.& Equip.,Sept.l, 1938,5p.c.,M&S
6,000,000 6,000,000
Cincin.Ext., Feb. 1,1940,5 p.c.,F&A
1.550.000
Gen. Mort., Dec., 1940. 5 p.c., J&D..
Ala. Central RR. 1st M. July, 1918,
1,000,000 1,000,000
6 p.c.. J&J............. ................. .........
Ala. Central RR. Income Bonds, due
1,400,000
44,725
July, 1 9 1 8 ............................. . . ........
E eased.
69-3
K n o x v il le & Oh io R R .
2,000,000 2,000,000
1st Mort. July, 1925, 6 p.c., J&J---Í3Ó-5
L ouisville Southern RR.
5,000,000 4,340,000
1st Mort., July, 1940, 5 p.c., J& J....
C ontr’ d by o w n ers’ p o f securities
146-8
M obile & B irm ingham RR.
3,000,000 3,000,000
1st Mort., Jan., 1937, 5 p.c., J&J—
1,500,000
2d M. Bonds, June, 1939, 5 p.c.,J&J
3*30
M emphis & <harleston RR.
105.000
105.000
2d Mortgage, 7 p .c , J&J...................
2,155,900 2.155.000
lst&2d M. Ext., Jan., 1915,7 p.c ,J&J
1.400.00. 0 1.400.000
lstM.Tenn.Div.,Jan.,1916,7p.o.,J&J
864.000
864.000
Consol. M. Jan., 1916, 7 p.c., J&J....
1.000. 0001,000,000
M.B’dsof 1884, Jan.,1924.6 p C..J&J
33*6
Cin cin . N. O. & T. P. R y . (Rental.)
Total Mileage................................'.. 2,3181
56,914,000
Total Bonds Issued..........................
Total Bonds Outstanding in the
50,828,725
hands of the P u b lic___. . . . . . . . . .
S T A T E M E N T NO. 5 .
Securities o f the R ic h . S c W e s t P o in t T er. R a ilw a y
W areh ou se Co. System . O w ned a n d C on trolled.
STOCKS.
.
Sc
R ichmond & W est P oint T erm inal R a il w a y & W arehouse Co.
(Owned, exclusive of Construction Stocks).
Central RR. & B. Co. of G a .......... $220,000.
( l hrough ownership of Georgia Co.
Col. Bonds and Stock)........... ....4,000.000.$4,220,000
E. Tenn. Ya. & Ga R’y Co. First Pfd. Stock... 8,783,200
Western North Carolina RR.. Pfd. Stock........ 3, L68.300
Columbia & Greenville RR., Pfd. Stock..........
2,000
E. Tenn. Va. & Ga. R ’y Co. Second Pfd. Stock 6.538,000
Richmond & Danville RR. Co....................... .
4,976,200
Virginia Midland Railway Co.............................. 4,524,233
Western N. C. RR. Co....................................... 3,168,300
Charlotte Columbia & Augusta RR. Co.......... 1,305,000
Columbia & Greenville RR. Co......................... 1,000,000
North Eastern RR. of Ga....................................
120,100
Asheville & Spartanburg RR. Co..................... 1,047,981
Georgia Pacific Railway Co............................... 4,378,432
Oxford & Henderson RR. Co.............................
325,000
300,000
Richmond & Meoklenburg RR. Co....................
Washington Ohio & Western RR. Co................ 1,500,000
Statesville & Western RR. Co..... ....................
500,000
East Tenn. & Ga. R’y Common........................ 5,880,000
Georgia Company................................................12,000,000
439
§ 6 ,6 7 4 3 1 4
Brought forward.................................
The Georgia Pacific Railway Co. 5 Per Cent
Income Second Mortgage Bonds...................$1,397,621
Ash. & Spar. RR. Co. 6 P. C. Second Mort. Bonds 215,000
Richmond & Danville RR. 6 Per Cent Equip
ment Mortgage Si F. B o n d s ......................
700,000
Oxford & Henderson RR. 6 Per Cent First
Mortgage Bonds...................
195,000
Statesville & Western RR. 6 Per Cent First
Mortgage Bonds...............................................
300,000
East Tenn. Va. & Ga. R’y Co. First Extension
Mortgage Bonds......................................
620,000
Rich. & Meck’g RR. 6 P. C. Second Mort. Bonds
160,000
E. Tenn. Va. & Ga. Gen. Mtge. 5 Per Cent....
230,000
Georgia Company 5 Per Cent Trust Bonds— 3,447,000
—-------------$13,938,935
R ichmond & D an v il le RR. C o.
(Owned or controlled through leases.)
Rich. & Dan. RR. 5 P. C. Consol. Mort. Bonds.$1,457,000
Rich. & Dan. RR. 6 P. C. Equip. Sink. F. Bonds
183,000
Piedmont RR. 6 Per Cent 1st Mortgage Bonds. 500,000
Piedmont RR. 6 Per Cent 2d Mortgage Bonds.
500,000
Milton & Sutherlin RR. 8 P. C. 1st Mort. Bonds
26,000
Washington Ohio & Western RR. 4 Per Cent
1st Mortgage Bonds.........................................
250,000
North Western North Carolina RR. 6 Per Cent
1st Mortgage Bonds.........................................
167,000
Chester & Lenoir N. G. R’y 7 Per Cent 1st
Mortgage Bonds...............................................
87,500
Cheraw & Chester N. G. Guaranteed Stock...
50,400
Cheraw & Chester!N. G. 7 P.C. 1st Mort. Bonds
50,500
Blue Ridge RR. (C. & G.) 7 Per Cent Bonds..
197,000
Laurens R’y 6 Per Cent 1st Mortgage Bonds.
200,000
The Georgia Pacific K’ y 5 Per Cent Consoli
386,000
dated Second Morcgage Bonds........ 1.............
The Georgia Pacific R’y 5 Per Cent Income
Bonds...........................
437,430
The Georgia Pacific S. F. 5 Per Cent Gold
Equipment Bonds............................................
299,000
High Point R A. & S. RR. 6 Per Cent First
402,000
Mortgage Bonds..............
Elberton Air Line RR. 7 Per Cent First Mort
gage Bonds.........................
150,000
Lawrenceville RR. 7 P. C. First Mort. Bonds..
30,000
Roswell RR. 7 P e r« ent First Mortgage Bonds
2,500
Hartwell RR. 10 Per Cent First Mort Bonds.
16,200
Baltimore Ches. & Rich. S. B. Co. 6 Per Cent
Certificates Indebtedness..............................
250,000
615,000
Yadkin RR. First Mortgage Bonds..................
North Car. Midland RR. First Mort. Bonds....
390,000
Danville & Western R’ y 1st Mortgage Bonds.
552,000
E. Tenn. Va. & Ga. First Mortgage Extension
200,000
The Georgia Pacific S. F. Gold Equipment 6
Per Cent Bonds, May 1906.............................
546,000
Richmond & West Point T. R’y & W. Co. 5 Per
Cent Col. T. B o n d s .........................................
386,000
---------------8,330,530
E ast T ennessee V ir g in ia & G e o rg ia R y . C o .
East Tennessee, Va. & Ga. Ry. 5 Per Cent
Gen. Mortgage Bonds......................................$1,320,000
East Tennessee, Va. & Ga. 1st Extension
Mortgage Bonds...............................................
200,000
Louisville Southern RR. 5 Per Cent First
Mortgage Bonds..............................................
660,000
Mobile & Birmingham RR. 5 Per Cent Second
Mortgage Bonds........................................
1,500,000
Alabama Central Income Bonds..................... 1,355,275
Alabama Great Southern RR. 6 Per Cent De
bentures...............................................
670,000
----------------
5,705,275
Total Bonds and Guaranteed Stocks owned
o.- controlled by Whole System.....................
$27,974,740
S T A T E M E N T N o. 7.
(Owned or controlled through leases.)
P resent Status.
M acon & Northern R R .. .*.................................... $500,000
RICHMOND & WEST POINT TERMINAL RY. & WAREHOUSE CO.
Piedm ont R R ............................................ ............. 1,496,700
Stocks I ssued (excluding Guaranteed Stocks)—
M ilton & Sutherlin R R ........................ ................
36,400
Richmond & West Point Terminal Railway & Warehouse
State University R R .................................. : ........
16,800
Co.—Common................................
$70,000,000
N orthwestern North Carolina R R .....................
996,500
Preferred
........................ . . . ...........................
5,000,000
Clarksville & North Carolina R R . . . .................
100,000
Georgia
C
o..............................................................................
12,000,000
O xford & Clarksville R R ...................................
890.000
Central
Railroad
&
Banking
Co.
of
Georgia,
Stock
Charlotte Columbia & A ugusta R R .................
213,900
owned and controlled........ ................
4,220,000
Spartanburg Union & Columbia R R .............. 1,000,000
Macon & Northern RR., Stock owned................................
500,000
212,500
H igh Point R. A. & S. R R ....................................
Alabama
Great
Southern
Railway
Co.,
Limited,
Stock
E lberton A ir Line R R ...........................................
100,200
owned—Common.................................................................
3,925,550
Lawrenceville R R ............................................... . '
22,600
Preferred...............
1,700,000
R osw ell R R ..............................................................
20,100
Alabama Great Southern RR. Co., Stock owned by Lim
H artw ell R R ...................... . ...................................
13,000
ited
Company—Common.......................................
7,830,000
Y adkin R R . . . . . ...............................» .....................
462,750
Preferred........ ...............
3,380,350
B altim ore Chesapeake & Richm ond St. B. Co.
250,000
Miles.
Danville & W estern R ’ y C o.................................
368,600
& Danville System,* per statement No. 1...3,520*5
43,482,950
N orth Carolina Mid. R R ......................................
260,000
6,960,050 Rich.
East Tenn. Va. & Ga. System, per statement No.
2 (excluding Alabama Gt. Southern Railway)..2,318-1
77,070,125
E ast Tennessee V ir g in ia & G eo rg ia R ’ y Co .
(Owned or controlled.)
Total....................... ............. .............................5,838 6 $229,108,975
B onds and G uaranteed Stocks issued—
Alabama Central R R ......................................... $454,200
Richmond & West Point Terminal Railway
Knoxville & Ohio R R .............................................. 767,000
and Warehouse Co. :
Louisville Southern R R ................................... 3,500,000
6 Per Cent Col. Trust B o n d s ........... $5,500,000
Mobile & Birmingham R R ................................. 2,500,000
**.
“
................. 11,065,000
5
“
Memphis & Charleston R R ........... .................... 2,697,500
Alabama G’t Southern RR. 6 p. c. Debent’s.
670,000
Alabama Gt. Southern R’y Co., Limited, Com. 3,925,550
Georgia Co. 5 Per Cent Trost Bonds............ 4,000,000
Alabama Gt. Southern R’y Co., Limited, Pref. 1,700,000
Rich. & Dan. System, per statement No. 3 .. 87,314,126
Alabama Gt. Southern RR., Common ( a ) ..... 7,830,000
E. T. Va. &Ga. System, per StatementNo. 4. 56,914,000 165,463,126
A'abama Gt. Southern RR., Preferred (a ).... 3,380,350
Cin. N. O. & T. P. R’ y (6) .................................. 1,200,000
27,954,600
Total securities issued (exclus’ e o f Car Trusts)............... $394,572,101
S ecurities in thé1hands of the Public—
Total Stocks owned or controlled by Whole
R & W. P. Terminal R’y & W. C o ............ $91,732,000
System.................. ................. ............ . .........
$98,649,396
See Statements 1, 2 ,3 and 4 .................... 176,215,965
(а) This Stock owned by Alabama Gt. Southern Railway Co., Limited.
$267,947,965
(б) $1,000,000 of this Stock owned by Ala. Gt. So. Railway Co., Lim.
Secu rities ow ned and controlled—
S T A T E M E N T NO. 6.
Stocks, see Statement No. 5 . . . ................ 98,649,396
Securities o f tlie R ic h m o n d & W e s t P o in t T e r m in a l R a il
Bonds & Guar.Stock, see Statem’nt N0.6. 27,974,740
w a y S c W a reh ou se Co. System . O w n ed a n d C ontrolled.
$394,572,101
BONDS AND GUARANTEED STOCKS.
R ichmond & D an vil le RR. C >.
$63,734,746
R ichm ond & W est P oint T erm ina l R a il w a y & W arehouse Co,
West. N. C. RR. 6 P. C. Consol. Mort. Bonds...$1,325,000
WesternN. C. RR. 6 P.C.Second Consol Mort. 4,110,000
North East. RR. of Ga. 6 P. C. Gen.Mort. Bonds 315,000
Blue Ridge RR. 7 Per Cent Bonds.........
299,000
Wash. Ohio & Western RR. 6 Per Cent In
com e.B on d s................. . . . ____ ___ . . . . ______
625,000
The Georgia Pacific Railway Co. 5 Per Cent
Consol. Second Mtge. 5 Per Cent Bond Scrip
314
Ca r T ru sts —
R. & D. RR. Co ................................... .................... .............
TheGeorgia Pacific R’y ............. .......................................
East'Tennessee Va. & Ga. R ’y . . . : . . . . . ...........................
Louisville Southern R R ............. . . . . : ........................
- Memphis & Charleston R R ........ .......................... .. . j L . ..
$895,100
647,724
375,000
327,942
123,798
$2,369,564
* (Water lines about 200 miles included.)
( V ol LTV,
B rought fo rw a rd
...................-......
$18,826,834
Coupon's quarterly; Mar. 1, June 1, Sept. 1, Dec. i .
R. & D. System Bonds and Guaranteed
Stocks as per Schedule B ........................... 26,995,695
E. T Ya. & Ga, System Bonds and Guaran
teed Stocks as per Schedule B .................. 12,031,050
------------------- $57,853,579
To be sold and proceeds to be used for paying off Float
ing Debts, Car Trusts and other cash requirements as
per Statement No. 12.........................................................
6,382,530
To be used to retire Memphis & Charleston securities
and other securities named but not provided for in the
plan and to be held by Trustee and issued under such
restrictions as the Committee may determine...............
5,763,891
To be issued by a new corporation representing tne
consolidation of the Richmond & Danville RR. Co.
and the Richmond & West Point Terminal Railway
& Warehouse Company and to cover all tne
property and equipment of such new corporation,
and pending the legal consolidation of such new
corporation with the East Tenn. Ya. & Ga. System
all the securities of the last-named system now
owned and controlled and that may be deposited,
under this plan of reorganization to be deposited
with the Trustee as further security for the bonds
to be issued.
„
_
.
$10,000,000 of these bonds to be issued only for tne
acquisition of additional property.
_ .
70,000,000 Preferred 5 per cent Stock (non-cumulative.) vote
of majority of Preferred Stock requisite to author
ize any additional mortgage on property covered
toy First Mortgage.
110,000,000 Common Capital Stock.
Total............................... ........ . i.........................4. . . . . . . . $70,000,000
S T A T E M E N T N o. l i .
D i s t r i b u t io n o f N e w S e c u r it ie s —(Continued).
3d Class. Common Capital Stock .
Te retire Present Securities—
Stocks, all systems (excluding guaranteed
stocks) as per Schedule A .......................... . $95,391,867
R. & W. P. Terminal R’y & W. Co. Bonds, as
per Schedule B .................................. .........
R. & D. System Bonds and Guaranteed
Stocks as per Schedule B............................
3,207,287
E. T. Va. & Ga. System Bonds and Guaran
6,561,500
teed Stocks as per Schedule B ..................
------------------ $105,160,054
To be used to retire securities named tout not provided
for in the plan and to be held by Trustee and issued un
der such restrictions as the Committee may determine.
4,839,346
F loating D ebts —
___
, AA AAA
Richmond & Danville RE. Co., March 1, 1892............. ...... 100*000
East Tennessee Va. & Ga. R ’y Co.......... .......................- — 1,210,000
$6,310,000
S T A T E M E N T NO. 8.
P r o p o s e d N e w S e c u r it ie s .
$170,000,000 4 P e r Cent F irst M ortgage 35 Y e a r G old B onds
I nterest from March 1,1892.
'
_
,
$350,000,000 Total New Issue.
Total.......................... .......... ...................... ..................$110,000,000
S T A T E M E N T N o. 9.
D is t r i b u t io n o f N e w S e c u r it ie s .
1st Class. 4% F irst Mortgage 35-Y ear Gold B onds.
T o be issued for present securities now outstanding in
the hands o f the public—
Stocks, all systems (excluding guaranteed
stocks) as per Schedule A .............................. $6,745,040
K. A W. P. Ter, Co. Bonds as per Schedule B.17,279,000
B. AD. Sys. Bonds & Guar. Stocks per Sched. B. 64,718,015
15. T. Va. A Ga. System Bonds and Guaran
teed Stocks as per Schedule B........... ...45,204,900
----------------$133,946,955
To toe used to retire Memphis & Charleston Securities
and other securities named tout not provided for
in the plan, any surplus to be for the use of the new
Company under such restrictions as the Committee
may determine.......................- ...........................................
7,817,245
To toe sold and proceeds to be used for paying off Float
ing Debts, Car Trusts, and other cash requirements,
____ ____
as per Statement No. 12 ................................................... .
18,235,800
To toe used by the Board of Directors of the New Rail
way Company for the acquisition of additional prop
erty necessary to the System under such restrictions
as the Committee may provide in the mortgage...........
10,000,000
Total................................... ....................
- .................$170,000,000
S T A T E M E N T NO. 1 2 .
N e ce s s a ry O a th R e q u i r e m e n t s .
FLOATING DEBTS.
Richmond & Danville......................................... $5,100,000
East Tenn. Va. A Ga...........................................
1,210,000
----------------- $6,310,0 00
Reserved for the acquisition of outstanding
Bonds toy purchase or otherwise as per
Schedule B .........................................................
6,000
CAR TRUSTS.
Richmond & Danville and Georgia Pacific— $1,542,824
East Tenn, Va. & Ga..........................................
826,740
------------------ 2,369,564
To be used for the adjustment of interest to
March 1st, 1892, on securities deposited
under the p la n .........................-•— , . ....... . . .
2,000,000
To be used to retire certain securities named
in the plan; in acquiring property neces
sary for reorganization purposes; for bet
terments and commissions to guarantee
syndicates (and out of which shall also be
paid Counsel fees, Trustee fees, Depositary
fees, Expenses of Reorganization and com
pensation of Committee), surplus to be
3,903,076
turned over to the new Company..................
$14,588,640
CASH REQUIREMENTS.
To toe met as follow s:
Syndicate to Guarantee the Sale of
4 p c . 1st M. 35 Year Gold. Bonds................... $18,235,800
5 p. c. Preferred Stock, non-oumulative.........
6,382,530 $14,588,640
S T A T E M E N T N o. 10.
D is t r i b u t io n o f N e w S e c u r it ie s —(Continued).
2d Class. P r e f e r r e d 5% Sto ck , .N on -C c m u l a t iv e .
To retire Present Securities—
Btooks, all systems (excluding guaranteed
stocks) as per Schedule A .......................... $15,558,934
Richmond & West Point Terminal R’ y &
Warehouse Co. Bonds as per Schedule B.
3,267,900
Subscription $800 for $1,000 1st M. 4 p. c.
Bond and for $350 Preferred Stock.
SCH EDULE
A.
METHOD OF EXCHANGE OF OUTSTANDING STOCKS.
*Tr*
D istribution
D escription
of
E xisting Stock .
jB fe fim o n d & W e s t P o i n t T e r m in a l B . & W . C o . S y ste m .
R i c h m o n d Sc D a n y i l 'e S y s te m .
HigT* P^i^t R A ^ 8 RR
E a s t T e n n e s s e e V i r g i n i a Sc G e o r g ia S y s te m .
East Tenn. Va. & Ga. R’y. 1st Preferred Stock...................................
Cin. NVO. A T. P. R’y . . . ; , ' ........................................ .......! . . . . .
In the
Hands o f the
Public.
$70,000,000
5,000,000
23,800
3,300
24,850
14.500
503,500
110,000
1,475,767
1,663,400
1,059,100
998.000
4,176,568
57.900
118,900
37.500
2,019
95,700
22,400
19.900
8,000
162,250
130.000
2,216,800
11.964.000
21.620.000
181.000
355,200
3.500.000
500,000
2,615,225
1.800.000
P roposed New Secu rit ies .
Class 1.
Per First Mortg'ge Per
Cent. 4 p. c. Bonds. Cent.
Amount.
100
*
*
*
*
.*
*
$5,000,000
*
Class 2.
Preferred
Stock.
Amount.
Per
Cent.
Clast 3,
Common
Stock.
Amount.
10
20
$7,000,000
1,000,000
100 $70,000,000
50
737,884
Ï00
1,475.767
50
529,550
100
1,059,100
100
95,700
S50
35
1.108.400
4.187.400
50
65
60
1,108,400
7,776,600
12,972,000
25
25
875,000
125,000
*
*
*
*
★
*
*
*
30
665,040
*
*
ft
60
T otal (Guaranteed Stocks not Included).......................................... $130,459,579
* “ Nominal ” can be settled for out of Common Stock reserved.
§ The retirement of $3,207,287 o f Income Bonds einbraces $4,169,473 of StoohJ
© To be treated hereafter.
of
1,080,000
$6,745.040
50
900,000
$15.558,934
$95,391,867
March
THE CHRONICLE.
19, 1892.]
491
SCH ED U LE B .
METHOD OF EXCHANGE OF OUTSTANDING BONDS AND GUARANTEED STOCKS.
D istribution o f P roposed N e w Securities.
D escription of E xisting Se c u r it y .
R ic h m o n d & W e st P o in t T e rm in a l B y . & W a reh o u se Co.
6 p. c. Col. Trust, Feb., 1897, F. & A .....................................................
5 p. e. 1st M. Col. Gold Trust, March, 1914, M. & S............................
' Georgia Co. 5 p. c. Trust Bonds, July 1,1937, J. & J ..........................
In the
Hands o f the
Public.
Glassi.
Per First Hortg'ge Per
Gent 4 p. c. Bonds. Gent,
Amount.
$5,500,000 120 $6,600,000
10,679,000 100
10,679,000
553,000 Secu rities Reserv ed.
Glass 2.
Preferred
Stock.
Amount.
Per
Gent.
$2, 200,000
1,067,900
Total...................................., ................................ .................................. $16,732,000
$17,279,000
$3,267,900
R i c h m o n d & D a n v ille S y stem .
R ichmond & D anville R ailroad Co .
Consolidated Mtg Gold, Jan., 1915, 6 p. c., J & J ...............................
$5,997,000 120 $7,196,400
45
$2,698,650
Debenture Mtg., April, 1927, 6 p . c., A & O.........................................
3,36^,000 120
4,041,600
30
1.010.400
Consol. Mtg, Oct. 1936, 5 p. c., A & O............................. .....................
3.041.000 100
3.041.000
40
1.216.400
Equipment Sinking Fund, Gold, Sept., 1909, 5 p. c., M & S . . . . .........
1.390.000 100
1.390.000
40
556.000
R ichmond Y ork R iver & Chesapeake RR.
Stock guaranteed under lease 6 p. c., J & J ........................................
497,500 100
497,500
25
124,375
First mortgage, Jan., 1894, 8 p. c., J A J .............................................
400.000 120
480.000
20
80,000
Second
“
Nov., 1900, 6 p. c., M & N..........................................
500.000 120
600.000
20
100.000
North Carolina R ailroad .
Stock, Rental,
p.c., J. & J ............................... ...................................
4.000.
000
Rem ains [a Fixed Cha rge.
A tlanta & Charlotte A ir Line R ailw ay .
Stock (guaranteed under lease) 6 p. c , M & S.......................................
1.700.000 110
1.870.000
40
680,000
First Mortgage, preference, April, 1897, 7 p c., A & O.....................
500.000 120
600,000
25
125.000
First Mortgage, Jan., 1907, 7 p .c., J & J ........................ .....................
4.250.000 120
5.100.000
40
1,700,000
Income, April, 1900, 6 p. c., A & O........................................................
750.000 100
750.000
40
300.000
W ashington Ohio & We stern RR.
First Mortgage, May, 1924, 4 p. e., F & A ..................... ......................
1.000.
000
100
1, 000,000
North W estern North Carolina RR.
First Mortgage, April, 1938, 6 p. c , A & O ..........................................
1.333.000 110
1,466,300
533,200
Clarksville & North Carolina RR.
First Mortgage, Nov., 1937, 6 p. c., M & N ..........................................
111.000 100
111.000
44,400
Oxford & Clarksville .
First Mortgage, Nov., 1937, 6 p. c „ M & N ........................................ .
750,000 100
750.000
300,000
V irginia Midland R a il w a y .
Serial Mortgages:
1st Series March, 1906, 6 p. c., M & S..................................................
600.000 120
720.000
45
270.000
H d
"
“
1 911,6 p .e .,
“ ............. .......................... I .....
1.900.000 120
2.280.000
45
855.000
3d “
“
1916, 5 p. c. 5 yrs., 6 p. c., 30 yrs., M & 8 ___ ....
1.100.000 115
1.265.000
40
440.000
4th "
“
1921, 3 p.c. 10 yrs., 4 p.c., 10 yrs., 5 p. c., 20 yrs,
M & S .................................. .................. .........................................
950.000 100
950.000
10
95.000
5th Series March, 1926, 5 p.c., M & S....................................................
1.775.000 100
1.775.000
40
710.000
6th “
“
1931, 4 p. c. 8 yrs., 5 p. c. 42 yrs , M & S ............. .............
1.310.000 100
40
1.310.000
524.000
General Mortgage May, 1936, 5 p. c., M & N ............ .................... .
4.859.000 100
40
4.859.000
1,943,600
Income
“
Jan., 1927, 6 p.c., J & J .................. ......................
10,000 100
10,000
25
2,500
Charlottesville & R apidan RR.
First Mortgage, July, 1913, 6 p. c., J & J ............................................
421,700 100
421,700
50
210,850
F ranklin & Pittsylvania RB.—Narrow Gauge.
First Mortgage, July, 1913, 6 p. c., J & J ........................... ................
85,000 100
85,000
30
25,500
W estern North Carolina RR.
First Consol., July, 1914, 6 p. c., J & J ................................................ .
2.531.000 105
2,657,550
50
1,265,500
Charlotte Columbia & A ugusta RR.
First Mortgage, Jan., 1895, 7 p.c., J & J ..........................................
2,000,000 105
2.100.000
50
1,000,000
.
Second
Oct., 1902, 7 p.c., A & O................... .....................
500.000 110
550.000
50
250.000
First Consol., July, 1933, 6 p. c., J & J ....................... .....................
500.000 105
50
525.000
250.000
Ü
^ r A tlantic T ennessee & Oh io RR,
W
Stenti
A. &
Ar. O __________________
Stock, A.
400.000
50
200.000
50
200.000
First Mortgage, 1913, 6 p. c., A & O.....................
150.000 100
50
150,000
75.000
Chester & L enoir R y.—Narrow Gauge.
Stock (guaranteed by C. C. & A.) I 1« p. c., A & O
345,400
50
172,700
First Mtg., July, 1900, 7 p. c „ J & J.....................
250.000 100
250,000
40
100,000
“
“
7 p. c., J & J (C. C. & A.)
12,500 100
12,500
40
5,000
Cheraw & Chester.—Nart^ow Gauge.
Stock (guaranteed by C. C. & A.) 1*3 p.c., O ct....
222,950
50
111,475
First Mortgage, July, 1897, 7 p. c., J & J ............
100.000 100
100,000
40
40.000
Columbia & Greenville RR.
5 ' First Mortgage Jan., 1916, 6 p.c., J & J ...............
2,000,000 105
2, 100,000
50
1, 000,000
Second
April, 1926, 6 p. c., A & O ...........
1, 000,000 100
1, 000,000
20
200,000
Spartanburg U nion & Columbia RR.
BBIlCtFirst Mtg., Jan. 10,1932, 5 p. c., J & J 10th, upon surrender with
the bonds of the right to an equal amount of stock
1, 000,000
90
900,000
G eorgia P acific Ry. Co.
First Mortgage, Jan., 1922, 6 p.c., J & J . . . . . ............
5,660,000 110
6,226,000
50
2,830,000
Second Mortgage Income, O ct, 1923, 6 p.c., A & O .
109.000
40
43,600
30
32,700
Consol. 2d Mtg., O c t, 1923, 5 p.c., A & O ..................
4,616,024
2,769,615
60
60
2,769,615
Income Mtg., Oct., 1923, 5 p.c., A & O , upon surrender with every
$1,000 of bonds, $1,300 of capital stock S..............,...
3,207,287
45
1,443,280
Sinking Fund Gold Equipmt., Aug. 1904, 5 p. c., F. & A
974.000 ^00
974.000
20
194,800
R ichmond & Mecklenburg RR.
First Mortgage, Nov., 1921, 6 p. c., M & N .......................
315.000 105
330,750
30
94,500
North E astern RR. Co. of G a .
First Mortgage, May, 1896, 7 p.c., M & N.........................
260.000 105
273.000
50
130.000
A sheville & Spartanburg RR.
First Mortgage, April, 1925, 6 p . c „ A & O .......................
500.000
•400,000
80
20
100.000
D anailel & Western R ailw ay .—Narrow Gauge.
First Mortgage, due Oct., 1936, 5 p c., A & O..................
500.000
400.000
80
20
100,000
R oswell RR.—Narrow Gauge.
First Mortgage, July, 1900, 7 p. o., J & J .........................
32,500 100
32,500
50
16,250
H artwell RR.
First Mortgage, Sept., 1889,10 p.c., M & S.....................
3,800 Pro vided in Cash Req uirements.
B altimore ohesa . & R ichmond Steam B oat Co.
Real Estate Bonds, 6 p. c „ F & A ......................................
140.000 110
154.000
50
70,000
Total.
$69,927,661
$64,718,015
$26,995,695
E a s t T e n n e s s e e V ir g in ia & G a . S y stem .
E ast T ennessee V ir g in ia & G a . R y . Co.
First.Mortgage, July 1, 1900, 7 p.c., J & J ............
“
July 1,1930,5 p.c., “
......... .
New Consol.
“
“ Nov., 1965, 5 p.c., M&N
Old East Tenn. RR. 6 p.c., Past D u e .....................,
First Extension Mortgage Juue 1, 1937, 5 p.c., Dec. & June
Improvement and Equipment, Sept. 1,1938, 5 p.c., March &„Sept.
Cincinnati Extension, Feb. 1, 1940, 5 p.i
~ ' &
* Aug.
'
.e., Feb.
Alabama Central RR. 1st Mortgage July, 1918, 6 p.c., J&J...
Alabama Central RR. Income Bonds, due July, 1918..............
K n o x v il l e & Oh io RR.
$3,123,000
3.106.000
;12,770,000
• ‘ 1,000
3.920.000
6 , 000,000
6,000,000
1,000,000
44,725
120
105
100
100
100
90
100
First Mortgage, July, 1925, 6 p.c., J&J......................................
2,000,000
110
2.200.000
4.340.000
90
3,906,000
First Mortgage, July, 1925,5 p. c., J&J..................... .............
3.000.
000
100
3,000,000
Second Mortgage, due Jan. 1,1915, 7 p.c , J&J.....................
First and Second Mortgage Extended Jan., 1915, 7 p.c., J&J.
First Mortgage Tennessee Division Jan., 1916, 7 p.c., J& J...
Consolidated Mortgage Jan., 1916,7 p.c., J&J............... ..........
Mortgage Bonds o f 1884, Jan., 1924, 6 p.c., J&J.......... .
105.000
2.155.000
1.400.000
864.000
1.000.
000
M o bile & B irm ingham RR.
M emphis & Charleston RR.
40
800,000
20
600,000
3,207,2*7
$3,207,287
25
Total............................................ ........... .............. .................... . . . $50,828,725
$45,204,900
$12,031,050,
■'(V To be treated hereafter.
§ The retireinent Of $3,207,287' of Income Bond embraces $4,169,473
stock
100
$3,747,600
$1,093,050
3,261,300
1.553.000
12,770,000
6.385.000
25 $3,192,500
Provided
Cash require ment >*
3.920.000
20
784,000
6,000,000
20
1,200,000
5.400.000
25
1 500,000
1 ,000,000
"4ÒÒ',Ò0Ó
40
Securities Rese rved.
First Mortgage*, July, 1940, 5 p.c., J&J.......................................
L o u isville Southern RB.
Class 3
Common
Stock
Amount.
1,085,000
$6,561,500
492
THE CHRONICLE.
S U B SC R IP T IO N S TO
CASH
FUND.
The holders of the Preferred and Common Stock and of the
five per cent Collateral Trust Bonds of the Richmond &
West Point Terminal Railway & Warehouse Company may
subscribe to the cash fund of $14,588,640 on the following
terms:
Each holder of 100 shares of stock and each holder of $10,000 of said five per cent Collateral Trust Bonds, may subscribe
for $1,600 of the proposed fund, for which cash subscription
he will receive $2,000 of the new four per cent First Mortgage
Bonds and $700 of the new Preferred Stock.
Holders of less amounts than 100 shares, or $10,000 bonds,
shall have the right to subscribe fo r a proportionate amount
and receive a proportionate amount of new securities.
All subscriptions must be made on or before the 14th day of
Apsil, 1892, and at the time of making such subscription the
holder of the stock or bonds on which the subscription is made
must deposit the same with the Central Trust Company of
New York and become a party to the plan.
The names of all subscribers shall be registered by the Cen
tral Trust Company of New York, and the right to the sub
scription shall belong to the registered subscriber, and shall
not follow a sale of the reorganization certificates represent
ing the stock or bonds deposited.
If on the 14th day of April, 1892, any portion of the said
fund shall remain unsubscribed, this Committee will offer by
advertisement to the registered subscribers the right to sub
scribe to the unsubscribed balance of the said fund upon such
terms and conditions.as the Committee may establish. The
right to make such additional subscription must be exercised
on or before April 25, 1892.
The allotment of subscriptions shall be made by the Com
mittee at the expiration of the period last referred to, and the
Committee reserves to itself the right to allot from any unsub
scribed balance of said fund an amount less than the amount
o f the additional subscription.
A t the time such allotment is made each subscriber will be
required to pay to the Central Trust Co. of New York, in cash,
ten per cent of the amount so allotted to the credit of the
Committee, and shall be entitled to receive a subscription
receipt therefor. In case of failure to make such payment
within ten days after the said allotment, the said subscription
may be canceled at the option of the Committee. The re
maining ninety per cent of said allotment shall be payable
upon thirty days’ notice by advertisement, at the call o f the
Committee, in instalments or otherwise. Subscribers will be
charged with accrued interest on the new four per cent First
Mortgage Bonds at the time of delivery, against which they
will be credited with interest at the rate of 5 per cent per
annum on the amount of their cash payments. Any extensions
of time which may be allowed by the Committee for subscrip
tions, deposits or otherwise, shall be announced by advertise
ment in at least three of the leading newspapers of the city of
New York.
Payments shall be stamped upon the subscription receipts,
and when final payment shall have been made the holder
shall be entitled, on surrender of his receipt, to the new secu
rities appertaining to the subscription when issued, or “ in
terim certificates” representing the same may be issued. Sub
scribers to the cash fund shall have the right to pay their sub
scriptions in full on and after July 1, 1892, and to receive
against their subscription receipts such “ interim certificates”
in case such new securities are not ready for delivery.
If for any reason the plan should not be declared effective,
and the new securities above described, or “ interim certifi
cates” representing the same should not be issued, the said
tea per cent cash payment made on the allotment, and other
payments on such subscriptions, if any, shall have been made,
shall be refunded or returned to the subscribers without
charge or expense.
Moneys arising from the subscription shall not be used by
the Committee untir it shall have officially announced that
the plan of reorganization has become effective. A bankers’
syndicate has guaranteed the entire subscription.
D E P O S IT
OF
SE C U R ITIE S.;
Holders of securities desiring to avail of this plan must de
posit the securities held by them with the Central Trust Com
pany of New York, No. 54 Wall Street, New York City,which
shall issue negotiable certificates for the same, in a form to be
approved by the Committee, entitling the holder to the bene
fits of the plan. Certificates of stock and registered securities
deposited must be assigned, so that the same may be properlv
transferred.
J
All-deposits of securities must be made on or before the 14th
day of April, 1892.
The Committee shall, for the purposes of this plan, have all
the rights and powers appertaining to the ownership of the
securities so deposited, and the right to transfer any deposit of
securities into their own names as Committee, to vote thereon
at any meetings of stockholders or bondholders, and to use
suGh deposited securities for the purpose of foreclosure, or for
otherwise carrying out this plan, as fully and to the same ex
tent as the holders of such securities might have done had they
not deposited their securities hereunder.
The Committee, as soon as may be practicable, is to cause a
consolidation to be effected which will unite the Richmond &
Danville RR. C o., the Richmond & West Point Terminal R ’y &
warehouse Company, and such other1of their allied coporations ■as may now be legally consolidated, so as to form one
LVo l . L i V ,
corporation, and pending the legal consolidation of such new
corporation with the East Tennessee Va. & Ga. system, all the
securities of the last two named systems now owned and controled, when and as the same shall become available for the
purposes of the reorganization, and those deposited under the
plan, are to be deposited with the Trustee under the new First
Mortgage, as further security for the bonds to be issued.
The Committee shall have power to make such alterations
and amendments in the plan as it shall deem to be necessary,
but any alteration or amendment which shall increase the
aggregate amount of securities, or the amount of any class of
securities to be issued hereunder, or shall diminish the amount
of securities allotted to any old security, shall not be operative
unless the substance of such alteration and amendment shall
have been advertised for at least two weeks in three newspa
pers of general circulation in the city of New York. Any
certificate holder whose rights shall be in any manner affected
by such alteration or amendment, who shall not approve of
such alteration or amendment so advertised, shall have the
right to surrender his certificate, and to withdraw the securi
ties represented thereby, within one week after the last publi
cation of such advertisement; otherwise he shall be deemed to
have assented to the alteration or amendment.
The Committee shall have full and absolute control of the
reorganization, and all powers necessary or proper to the ex
ercise of such control, and a syndicate or syndicates may be
formed to carry out or make effective this plan, and to secure
and guarantee the same. If.the Committee shall find it necesr
sary, for the purpese of the plan, to raise and provide funds
by means of temporary loans, the Committee may effect such
loans for such times and at such rates of interest as it may
deem proper, and, for the purpose of securing payment
thereof, may pledge as security for the moneys so borrowed
all or any part of the securities which may have been deposited
hereunder.
The Committee may in its discretion add to its number from
time to time. It may act by a majority of its members at any
meeting, or by writing signed by such majority without a
formal meeting, and may delegate any necessary authority or
discretion to any special committee. The members of the
Committee will in good faith endeavor to execute the plan,
but assume no personal responsibility for the execution
thereof, or of any part thereof, and no member shall be liable
for the misconduct, omission or default of any other member,
but only for his own misconduct.
If the holders of bonds or stock of any particular issue or
issues or of any other class of securities, shall not avail of this
plan, and deposit their securities for exchange thereunder, the
Committee may carry out the other provisions of the plan,
irrespective of such issue or issues, and exclude from its bene
fits, in their discretion, any holders of securities who shall not
have accepted the same, and deposited their securities for ex
change thereunder, within the time above limited'. The said
Committee may, in its discretion, extend the time for the de
posit of securities, or of any class o f securities, for such time or
times as "it may deem proper, or may by resolution do so in
particular instances on such terms and conditions as it shall
see fit, “ .......
When, in the judgment of the Committee, sufficient securi
ties have been deposited, the Committee will officially an
nounce, by advertisement, that the plan has become effective.
Due announcement will be made of the time when the new
securities are ready for delivery. In case the issue of new
securities shall be delayed by the necessity of consolidation o f
corporations, and preparation and completion of the mortgages
contemplated by the plan, the Committee may, in its discretion,
cause engraved “ interim certificates,” representing the new
securities, to be issued. A t the time of the delivery of the
new securities, interest on the old bonds deposited under the
plan will bq adjusted in cash as of March 1, 1892, from which
date the new first mortgage bonds will bear interest.
A printed copy of this plan, certified by the signatures o f
the members of the Committee, and lodged with the Central
Trust Company of New York, shall be held and taken as the
original plan. The deposit of securities hereunder and re
ceipt of-certificate or certificates issued therefore shall consti
tute this plan and all the provisions thereof an agreement be
tween the Committee and the holders of such certificates.
Waco & Northwestern—Houston & Texas Central.—A
Galveston, Tex., dispatch says: In the United States Circuit
and District Courts came up for hearing the case of the
Farmers’ Loan & Trust Company vs. Downs, a suit for fore
closure on the W aco & Northwestern. Downs was the purcha
ser of the W . & N. at the general sale of the Houston & Texas
Central, it being sold at the time subject to the W. & N. first
mortgage. A final decree was entered foreclosing the mort
gage for non-payment of interest. The decree finds the
amount due to March 15, 1892, to be $618,382, and the
further amount of $1,112,000 owing upon unmatured bonds.
The sale of the property is ordered, consisting of the railway,
beginning at a point on the mainline in the town of Bremond
to the town,of Ross in McClennon County, a distance of about
54 miles', together with side-tracks, rolling stock, &c., includ
ing a franchise to build to the Red River and to the northern
boundary line of the State; also about 237,230 acres donated
by the State o f Texas. C. A. Dart was appointed Master
Commissioner to make the sale, a request therefor being made
by counsel. for. both, parties, An appeal, it is reported, will^
likely be taken,
THE CHRONICLE.
March 19, 1892, J
49311
it (frommutml firnes*
COMMERCIAL
C O T T O N .
T h e Movem ent
EPITOME.
of th e
F r id a y , P. M ., M arch 18, 1892.
C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 92,186 bales,
against 93,396 bales last week and 119,758 bales the previous
The weather was severely wintry during most of the week week, making the total receipts since the 1st o f Sept., 1891,
under revie w. Snow fell in all latitudes, and in some sec 6,378,324 bales, against 6,102,187 bales for the same period o f
tions was so heavy as to cause the serious detention o f rail 1890-91, showing an increase since Sept. 1,1891, of 278,137 bales.
road trains. Little further progress has been made in the
Receipts at—
Tues.
Sat.
Mon.
Wed. Thurs. Fri.
Total.
reopening of inland navigation. The failure of a leading Galveston........ 1,864 2,241 3,067 1,827
597 1,011 10,607
banker of St. Petersburg, announced on Tuesday, caused
......
......
El Paso, A c... ...... ...... . . . . . .
219
219
temporary depression of values on the Cotton and Produce New Orleans... 9,466 4,886 15,731 3,296 6,668 2,740 42,787
301
332
212
Mobile...............
247
306
374
1,772
Exchanges. In cotton there was later some show of con
...... . . . . . . . . . . . . •••••• . . . . . .
Florida.......... .
25
,25
fidence among operators for a rise, and a broadening of Savannah........ 1,276 3,992 1,311 2,695 1,742
1,313 12,329
speculative action; but no material advance was maintained.
. . . . . . 1,182
Brunaw’k, Ac. ...... ...... ...... ........
1,182
442 1,377
Some disturbance of values o f imports has been caused by Charleston.......
933
635
870
97
4,359
.
.
.
.
.
.
.
.
.
.
.
.
......... .........
Port Royal, Ac ........
......
the application of the reciprocity clauses in the McKinley
273
105
365
76
185
390
1,394
tariff. The export of breadstuffs, favored by the lower Wilmington___
1A
Wa£h’gton,Ao
14
prices, has continued on a very liberal scale.
Norfolk.............
907 2,160
873 1,918 1,341
665
7,864
Lard on the spot has declined, in sympathy with contracts
912
West P oin t...
746
807
421
256
554
3,696
...... ........ . . . . . .
N'wp’tN’s.Ac. ....... . ........
for future delivery, and to-day was dull and nearly nominal
598
598
473
200
at 6-15@6-20c. for prime city, 6-55@6-57%c. for prime West New Y o r k ......
469
Boston..............
502 1,179
86
218
565
3,019
ern and 6 80@?c. for refined for the Continent. Lard for
......
........
......
......
Baltimore........ ......
9
9
f uture delivery declined in sympathy with the lower prices for Phlladelph’a.&c
92
390
316
277
120
444
1,639
corn. Bulls became discouraged and unloaded freely, forc
Totals this week 16,002 16,775 23,833 12,435 13.074 10,067 92,186
ing down values; but to-day there was a steadier market, with
For comparison we give the following table showing the
the speculation quite active.
week’s total receipts, the total since September 1,1891, and
D A IL Y C LO SIN G P R IC E S O F L A R D F U T U R E S .
Fri. the stock to-night, compared with last year.
Tues. Wed. Thur.
F r id a y N ig h t , March 18, 1892.
Sat.
Marcii delivery.... .......c. 6-66
May delivery......... ....... 0 . 6-70
681
JulV delivery.........
August flelivery__ .......c. —
Mon.
6-57
6-60
6-72
6-82
6-57
tí 60
6-69
6-78
6-60
6 63
6-74
—
6*56
6*57
6-67
....
6-56
6-57
6-67
6-75
Pork has been fairly active, closing however quite dull at
the revised quotations of $9 50@$10 for old mess, $11® $11 50
for new mess, $10®$10 50 for extra prime and $12 50® $14 50
for clear. Beef has been more active but closes quiet; extra
mess, $6 50®$?; packet, $8@$8 50; family, $9 50@$i.l 50 per
bbl.; extra India mess, $15 ®$ 19 per tierce. Beef hams are
quiet at $13 50® $14 per bbl. Cut meats have continued ac
tive; bellies sold at 6%c. for medium weights in bulk; also
pickled hams at 9c., with shoulders nominal at 5c. Tallow
has advanced to 4 13-16c., with a choice lot sold at 4%c., but
the close is quiet. Stearine is quiet at 7 ^ c.@ 7 % c. in hhds.
and tcs. Oleomargarine is dull at 6c. Butter is in light sup
ply and firm at 22c.@ 29c. for new creamery. Cheese is dull
at llc.® 12% c. for State factory, full cream.
Coffee on the spot has been fairly active and steady; Rio is
quoted at 14%@l4%c. for No. 7. To-day’s sales included Rio
No. 7 at 13%c. c. and f., and Santos No. 7 to arrive at 14%c.
Mild grades have also been in fair demand and values have
advanced ; good Cucuta is quoted at 21c. The speculation in
contracts continues dull, but buying by a few local operators
has caused a slight advance. The close was steady, with
sellers as follow s:
M a r c ii......... 13"75c. June................. 12-75o. ISept..................12-4.Ko
April................13-35c. July.................. l2-60c. Oct................. 12-300
M a y................ 12’95o. A ug.................. 12-450. D e o .................12-I5C
—an advance of 10® 30 points for the week.
Raw sugars were quiet until to-day, when there was a fair
business, but at easier prices, closing at 2%c. for fair refining
Muscovado and 3%c. for centrifugals, 96 deg. .test. Refined
sugars have been less active, but in a few instances prices
have advanced a trifle; quoted at 5@5%c. for crushed and
4 % ® 4 ^ c. for granulated. The boiling grade of molasses has
been quiet -and without change at 12%c. for 50 deg. test. At
the tea sale on Wednesday the offerings were again small,
but prices were easier, owing largely to the undesirability of
the goods offered.
Kentucky tobacco continues in fair demand for export and
sales for the week are about 300 hhds. at firm prices. Seed
leaf, however, has been quieter, and sales for the week are
only 925“ cases, as follows : 300 cases 1890 crop, Wisconsin
Havana, 12@14c.; 125 cases 1890 crop, State Havana, 14® 30c.;
150 cases 1890 crop, Pennsylvania seed, 12%@15c.; 100 cases
1890 crop, Pennsylvania Havana, 14®3oc., and 150 cases sun
dries, 6%@35c.; also 450 bales Havana, 70c.® $115, and 150
bales Sumatra, $2 25® $3 25.
Of metals Straits tin has been quieter, but closes firm at
19%c. Ingot copper has made a decided advance and the
close is firm at ll% c . for Lake. Domestic lead has been dull
and closes again easier at 4-15c. Pig iron has been more active
land prices are at the close somewhat steadier, No. 2 Southern
going at $14 75® $15 50 and No. 2 Northern at $15 50@$16.
Refined petroleum is quoted at 6*30c. in bbls., 7*50c. in cases
and 3-80 in bulk; naphtha, 5*50c.; crude petroleum, 5-65c. in
bbls. and 3-10c. in bulk; prices which show a partial decline
for the week. Crude certificates are nominal at 56% @ 57c.
Spirits of turpentine has been higher, but closes at 36%® 37c.
Rosins are quiet and easier at $1 37%@$1 40 for strained
W ool is selling fairly, but at prices favoring buyers. Hops
are more firmly held, with some revival o f export demand, j*
Receipts to
March 18.
1891-92.
This Since Sep.
Week. 1,1891.
1890-91.
This Since Sep.
Week. 1,1890.
G alveston... 10,607 1,070,621
9,324 919,124
El Paso, Ac.
31,706
219
150
23,490
New Orleans. 42,787 2,234,398 32,365 1,815.874
Mobile. . .
1,772 245,178
3,570 274,690
Florida........
25
23,862
24
34,724
Savannah... 12,329 918,896 13,439 1,003,889
Bruns., Ac.
1,182 159,076
2,352 172.827
Charleston ..
4,359 439,233
8,355 434,627
P. Royal, Ac
1,451
687
Wilmington.
1,394 152,036
1,498 178,929
Wash’ tn, Ac
14
2,331
3,739
Norfolk........
7,864 460,107
6,314 567,902
West Point.
3,696 287,591
4,573 309,411
42,185
NwptN.,Ac
598
998
86,540
76,315
New Y o r k ...
673
5,055 102,789
Boston..........
3,019 103,496
3,365
85,878
9
Baltimore__
532
66,208
47,188
Phil’del’a, Ao
1,639
761
63,634
39,879
Totals........
Stock,
1892.
1891.
60,281
43,392
439,430
29,250
305,306
36,432
59,739
5,936
46,889
59,461
2,282
43,255
13,957
7,823
41,683
6,730
1,772
410,152
16,000
27,860
17,626
15,290
6,307
609
133,391
9,500
6,495
6,172
92,186 6,378,324 92,675 6,102.187 1,177.305
680,715
_ln order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
1892
Galv’ ston, Ac
New Orleans
10.826
42.787
1,772
12,329
4,359
1,408
7,864
4,294
6,547
Savannah...
Oharl’ st’n.Ac
Wilm’ gt’n.Ac
Norfolk........
W’t Point, Ac
All oth ers...
1891
9,474
32,365
3.570
13.439
8,355
1,493
6,314
5.571
12,089
1890.
4,997
12,994
542
4,439
1,151
764
1,908
2,645
9,107
1889.
10,111
22,500
1,35 4
6.434
4,447
814
4,163
10,057
24,393
1888.
2,108
21,714
473
2.609
2, 94
192
2,318
2,859
3,608
1887
2,820*
19,023
1,068
3,670
2,396
366
2,852
3,846
10,257
Tot.thlsweek
92,186
92,675
88,547
84.273
38,380
46,298
Since Sept. 1. 6378,324 6102.187 5529,305 5175,264 5060,641 5005,872
The exports for the week ending this evening reach a total
of 96,753 bales, of which 35,913 were to Great Britain, 19,923
to France and 40,917 to the rest o f the Continent. Below are
the exports for the week, and since September 1, 1891.
Exports
from—
Week Endino March 18. From Sept. 1.1891, to Mch. 18,1892.
Exported to—
Exported to—
Great
Conti Total Great
Conti
Brit’n. France nent. Week. Britain. France nent.
Tòta\
Galveston......
6,697
860 5.947 614,441 71,153 102,507 788,103
New Orleans.. 18.481 13,825 17,067 48,373 746,964 410,121 481,674 1,641,759
Mobile............
37,866
37,866
Savannah...... .......
6,500 6,500 176,926 80,197 269,611 475,734
Brunswick ....
.......
94,074 4,849
98,923
Charleston.... 8,632
6,781 9,313 160,030 5,550 163,833 329,413
Wilmington... .......
......
61,671
46,487 108,153
Norfolk...........
••••••
....... 183,105 7,900
31,428 172,433
West Point... ....... .......
83,9<0
12,383
96.353
N’portNws, Ac
......
20,123 6,272
25^896
New York...... 9,300 1.270 3,867 14,487 327.621 23,705 141,298 492,624
Boston............ 1,701
666 2,207 190,857
9,042 199,899
231 6,686 9,606
Baltimore......
2,689
71,655 6,679
81,808 168,048
Phtladelp’a,Ac
310
100
410
14,572
708
15,280
T otal..,.....'. '86,913 19.92S 40,917 96,768 2,732,775 565,428 1,346,779 4,644,983
Total, 1890-91. 37,963 10.495 20.094 68.46212.641,680 480,83811.524.28514.65* 15«
THE CHRONICLE.
494
In addition to above exports, our telegram s to-n ight alto
give us the follow in g am ounts o f cotton on shipboard, not
eleared, ‘at the ports, nam ed. W e add similar figures fo r
N ew Y ork , w hich are prepared fo r our special use b y Messrs,
Carey, Y ale & Lam bert, 24 Beaver Street.
On Shipboard, not cleared—fo r
March 18 o<—
New Orleans...
G alveston .. . . .
Savannah.........
Charleston.. ..
M obile..............
Norfolk.............
New Y ork........
Other p o rts ....
Other CoastGreat
Britain. France. Foreign wise.
25,004 16,229 25,657
8,783
3,717
8.094
1,000
None. None.
2,500
None.
None.
None. None. None.
6,700 None. None.
3,900
1,500
6,200
14,000 None. 12,000
Total.
59,996 21,446 53,840 12,339
Total 1891...
Total 1890...
37,514
33,368
369,853
36,387
58,039
44,189
29,250
29.483
398.552
63,881
69,577
23,894
1.700
2.700
None.
12,200
11,600
26,000
2,687
3,302
700
200
None.
5,500
None.
None.
Total 18 9 2...
Leaving
Stock.
M on Tues W ed T h .
Sat.
43s
4%
558
5*5,6
60*6
6910
63,
7*16
7S16
778
8*4
43s
4%
55g
5*5,6
65*6
6916
6\
7**6
70,6
77s
8*4
Ordinary............... .............$ lb.
Strict Ordinary..........................
Good Ordinary...........................
Strict Good Ordinary................
Low Middling............. .•..............
Strict Low M iddling.:...............
Middling.............."......................
Good Middling............................
Strict Good Middling.................
Middling Fair.............................
Fair..............................................
GULF.
Sat. M o n T u e s W e d T h .
Ordinary............................. V lb.
Strict Ordinary...........................
Good Ordinary............................
Strict Good Ordinary.................
Low Middling.............................
Btriot Low Middling..................
Middling......................................
Good Middling............................
Btriot Good Middling.................
Middling Fair.............................
F air.............................................
4 78
5^4
6^8
6?i 6
6l3ie
7iie
714
7«ie
71»16
8*8
8%
STAINED.
4*3
478
5%
She
671S
|p6
678
7*16
T ie
8
83s
Sat.
413i6
5 ii16
6
63s
65g
61316
7*8
738
7*016
851B
4*3,6 4%
5*8
Rl16
6*16 6
63s
6*18
6%
^*16
6*6,6
7^18 7*8
7*3
7’ l6
7%
1, 18
8°16 8*4
8**16 85s
4716
4*c16
5*1,6
6
63s
658
6*3,6
7*8
738
7*6*6
85,6
43l
5*8
6
65,6
6*1,0
6*5,6
7*8
7716
I8*4
I 1*8
85s
i4*3i0
li8
5**10
6
638
658
6*3,6
7*8
738
7*0,6
85,0
F r i.
4*3,0
¿6
6%
6%
7
7*3
7%
85,6
8**16
F r i.
SA L E S O F S P O T A N D T R A N S IT ,
Saturday
M onday..
Tuesday..
Wed’da y.
Thursday
v-rlday...
rotai...
Weak at *,0 dec.
Weak at *,6 dec.
Steady at *,6 dc.
Q uiet.................
Quiet at *,6 adv.
Q u i e t ......____
‘
-V;
Ex
port.
Gon- Svec- Tran
sump. ul’ t’n sit. Total.
298
167
646
156
155
221
1,643
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298
167
646
156
155
221
1 ,6 1’3
Sales o f
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^716
II*8
II*8
63s
63a
37e
4*3
53s
6B16
The total sales o f cotton on the spot and fo r future delivery
•ach day during the w eek are indicated in the follow in g
statement. For the convenience o f the reader w e also add
a colum n w hich show s at a glance h ow the m arket closed on
same days.
SPOT M A RK ET
CLOSED.
£•©
®^
P ®’V
’•
‘fS teog
;• Sp-p1
S.p g,
» ®
►*. £
■ p . CD
® ®
; » : I
® ®
«5 p
F r i.
f53,6
s8*8
6*16
638
63i
7
7*16
7*8
7%
85*6
8**16
M on Tues W ed T h .
3*5*6 378
G ood Ordinary...................V lb. 4
Btriot Good Ordinary................. 4%
49,6 4*3
53s
Low Middling............................. 5*a
II*8 65,6
Middling...................................... 67is 63g
MARKET AND SALES.
g- ©a&5
si £, S'as.
odO©.«® od©©®
561,501
342,784
The speculation in cotton for future delivery at this market
was in a semi-panic during Saturday and Monday last.
Operators for a rise, who had been inclined to hold the
market at or about 7c. for August, unloaded, without much
regard to values, the holdings which they had taken on in
he course of Thursday and Friday of last week. It was a
clear case of loss of confidence. It is true, the crop move
ment continued to exceed last year, and foreign advices were
depressed, but there was nothing new in this respect; nor
were operators for lower prices inclined to be aggressive;
they simply let prices go down of their own weight. On
Tuesday a further sharp decline was followed by a quick re
action, and it was quite clear that parties outside of the
regular trade had begun to buy, attracted by the low prices,
with the purpose of taking cotton off the market and hold
ing it for a higher range of values. But about noon
the failure of Guenzburg, of St. Petersburg, was reported,
and the decline was again rapid. On Wednesday there
there was a feverishly variable market, those favoring higher
prices showing at times no little revival of confidence. On
Thursday there was renewed buoyancy, which ran up prices
10@2O points above the lowest figures. To-day, with Liver-,
pool reporting a decline, speculative support was withdrawn
and prices fitfully declined. Toward the close, however,
there was renewed buying, owing to the reduced stocks at in
terior towns, indicating smaller plantation deliveries than
had been expected. Cotton on the spot declined l-16c. on Sat
urday, Monday and Tuesday, and advanced l-16c. on Thursday.
The total sales for forward delivery for the week are 930,300
bales. For immediate delivery the total sales foot up this week
1,643 bales, including— for export, 1,643 for consumption,
— for speculation, and — in transit. Of the above — bales
were to arrive. The following are the official quotations for
•ach day of the past week—March 12 to March 18.
P r ice s
an d
f 11owing comprehensive table:
147,671 1,029,634
8,237 63,445 10,018 119.214
82,863
9,076
9,212 31,207
UPLANDS.
T he Sa l e s
[VOL.
ie
II
It
I I.
Id
1d
II
II
dd
II
* Includes sales in September, 1891, for September, 19,600; Septem
ber-October, for October, 344,200; September-November, for Novem»
ber, 619,000; September-December, for December, 1,067,300; Septem.
ber-January, for January, 3,997,200; September-February, for Febru
ary, 1,739,800.
The follow in g exchanges have been m ade during the w eek :
•20 pd. to exch. 1,300 Apr. for J’ne.
•10 pd. to exch. 100 June for July.
•38 pd. to exch. 400 Apr. for Aug.
— pd. to exch. 100 Apr for July
T h e V isible S u p p l y
of
I — pd. to exeb. 100 Sept, for Odt.
I *52 pd. to exch. 200 Mob. for Sept..
I ‘28 pd. to exch. 300 May for Aug.
|
C otton to-night, as m ade up by cable
83,500
218,400 and télégraphe is as follow s. The Continental stocks, as well' as
180,000 those for Great Britain and the afloat are th is w eek’s returns ,
144,800 and consequently all the European figures are brought down,
181.300 to Thursday evening. But to m ake the totals the com plete
117.300
930,300
figures for to-night (Mch. 18>, we add the item o f exports from
t
U n ite! States, including in it the exports o f Friday only..
495
THE CHRONICLE.
March 19, 1892.]
1892
1891*
1890*
«took at Liverpool.........bales. 1,735,000 1,135,000 1,081,000
Stockât L o n d o n .....................
8,000
17,000
15,000
1889.
793,000
7,000
Total Great Britain stock. 1,743,000 1,152,000 1,096,000
Stock at Hamburg.......... .........
2,900
4,400
2,300
Stock at Bremen....................... 154,000
172,000 142,000
25,000
20,000
7,000
Stock at Amsterdam................
Stock at R otterd am ............ .
300
400
300
Stock at Antwerp.....................
5,000
7,000
6,000
Stock at Havre.......................... 378,000
231,000 161,000
Stock at Marseilles...................
9,000
8,000
4,000
Stock at B arcelon a................
90,000
79,000
96,000
15,000
11,000
24,000
Stock at G in o a .......................
Stock at T rieste........................
14,000
17,000
10,000
800,000
2,300
31,000
18,000
500
1,900
131,000
4,000
56,000
7,000
9,000
Total Continental stocks........
260,700
693,200
549,800
452,600
Total European s to c k s .... 2,436,200 1,701,800 1,548,600 1,060,700
India cotton afloat for Europe. 107,000 165,000 260,000 260,000
Amer, cott’nafloatfor Europe. 333,000 387,000 304,000 360,000
Egypt,Brazil,&c.,afltforE’r’pe
42,000
35,000
24,000
30,000
Stock in United States ports.. 1,177,305 630,715 425,647 633,320
Stock in U. 8. interior tow ns.. 453,893 347,014 166,977 207,632
United States exports to-day.
18,141
23,300
17,532
40,926
Total visible supply.......... 4,572,539 3,339,829 2,746,756 2,592,578
Of the above, the totals of American and other descriptions are as follows:
Liverpool stock............. bales. 1,487,000
Continental stocks.................... 576,000
American afloat for Europe.. . 338,000
United States stock................... 1,177,305
United States interior stocks.. 453,893
United States exports to-day.
18,141
833,000
447,000
387,000
680,715
347,014
23,300
858.000
343.000
304.000
425,647
166,977
17,532
613,000
178,000
360,000
633,320
207,632
40,926
Continental sto ck s.............. ...
India afloat for Europe........ ...
Egypt, Brazil, &c., afloat—
102,800
165,000
35,000
104,600
260,000
24,000
82,700
260,000
30,000
Q uotations
fo r
M iddling Cotton
at
O th er M ark ets .—
Below we give closing quotations of middling cotton at South*
era and other principal cotton markets for each day of the w eek:
Week ending
March 18.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
Galveston...
New Orleans
Mobile..........
Savannah...
Charleston..
Wilmington.
Norfolk........
Boston........
Baltimore...
Philadelphia
A u gusta....
Memphis....
8t. L o u is ....
Cincinnati..
Louisville...
6*2
6*18
67ie
638
6*2
63s
6*2
616x8
678
714
6ia
6118
612
7
7
Mon.
Tues.
67X6
63s
67x8
6516
6k
63s
63a
678
6\
71«
67xo
6%
67ls
678
7
63s
6^18
65X8
6&x8
6*4
638
638
613x8
6%
71«
638
63a
638
678
7
Wednes.
Thurs.
65X8
6*4
6518
614
634
634
63«
6%
6%
7.
65ie
6°X8
63s
678
7
6®18
614
634
614
634
634
63a
6%
6 34
7
65X8
6 bX6
63a
678
7
Fri.
65ie
634
6I4
614
614
634
6%
613i«
6%
7
638
6®X8
6%
67e
7
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta.........t .
Columbus, Ga.
Columbus, Miss
Eufaula.......... .
6
6
55a
6
Little R ook . . . .
Montgomery. .
Nashville........
N atchez...........
6
6
614
61X8
Newberry.......
Raleigh..........
Selm a.........
S h reveport...
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
Total American.................. 4,050,339 2,718,029 2,120,156 2,032,878 consumption; they are simply a statement of the weekly
Mast Indian, Brazil, de.—
movement from the plantations of that part of the crop which
Liverpool stock..................... ... 248,000 302,000 223,000 180,000 finally reaches the market through the outports.
8,000
17,000
15,000
7,000
London stock.........................
117,200
107,000
42,000
522,200 621,800 626,600 559,700
Total East India, <&o___
Total American............... 4,050,339 2,718,029 i5,120,156 2,032,878
Total visible supply.......... 4,572,539 3,339,829 2,746,756 2,592,578
Prloe Mid. U pl.,L iverpool....
39i6d.
415^.
6*86.
5U i6d.
Price Mid. Upl., New Y o rk ....
6i3x6<5, 9o.
ll^ o .
10%c_
j g y The imports into Continental ports this week have been
110,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,232,710 bales as compared with the same date
o f 1891, an increase o f 1,825,783 bales as compared with the
corresponding date of 1890 and an increase of 1,979,961 bales
as compared with 1889.
A t the I n terior T ow 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 o f 1890-91—is set out in detail in the
following statement.
Ï
$
GO
tOW
M
05 M
t9
o»if-coeoo3wto©McoeoM©©toaut3Cototo-3aoMeoif.o3aoe0-3-3^ 1
copi W© © 03W to — CO «3© © H- to W© © WWOO03tOOO<1 CGWQOH© V wtf-totf-bb<ilf-©to w <io*«3 ® «3 w © b ©t-o«3'--to® to<jb
-3«3©WC3©C'WWOOtG«3COtOtOMW©03if,COtOif-©«3Mi->©COW«l
OWlf-lf-©M©©C0M©©O-3C0lt-©Olf-00©*-t0«0©W©t0C0C0|f- p
zi
M
00 H
O' C
D
H-HtO;
^
lo coco co co mbi to
lo to 05 toeoloVo: coenoooo w h*ooltM©©©i—©wcotoif-w©-3M — 1-*oo if-©oo 00-3! Gowif-«j weo-3®
tOWMCOWWlf-WM©«3«3lf-lt-'00©Wt0©UC0©. 0)©0)©*3SHO
W
Shipm’ts
This
week.
1 43,670 4,053,378 11 69,884
00 M
tfkQO
HJI
CO
CO*-! WCOCOHO *0 ^
CO© t5 CKtO H MC*
• 40
CO05 ^ 05 M
05<105t3Q0»-t0OC3»KkQ0C0<l<lHOC0H»>-‘ 05ÜIrf»-; M ^ M C O Ü '05-^tO
<IC00DP* t005 W ^ C 0 0 5 ^ - ^ C 0 ^ Q D O O 4 0 t 0 ^ H 4C0« C
O0000CO0005 00 M
1 Movement to March 18, 1892.
|
1
Receipts.
Shipm’ts Stock
Since
This
This
This
week.
week. £epf.l,’91. week. Mch. 18.
CJi
W
00
40
to
to
M
MMM M© M
W©
M
tOM
00
to to
V toV «3©*03WO to COCOM© © to W<1 -3 CO© Wto MGOMif- «3 tOCOCD
IOW03l-‘ ©«3«Jll-|f-03tOtOOO«3©00©W|t-«3COtOW©W©«3©©03CO
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M
M
M
MtO M»-i
HH
M H »-‘ 10
poooeo-jpœjf.aoto; to topo © «3co i^.tow m i -* cooc©MWtoco
© © wm Vjcoôow o ; if-cobtoiinwwlf-Moobbwwc&MbbSo-jb
©C003C0MW-3«3f«: ©OMO© WtO©eOtOCO«4WOO©OOCO|f-tO©M
MCS©M«3-0t0©®‘ ©OC3lf«©03C3©©W©Mlf-M0003t0MWM®
Towns
p
CO
CO
Augusta,Ga ........
Columbus, Ga ___
Macon, G a.i ........
Montgomery, Ala
Selma, Ala ..........
Memphis, Tenn..
Nashville, Tenn..
Dallas Texas ___
Sherman, Texas.
Shreveport, La...
Vicksburg, Miss..
Columbus, Miss..
Eufaula, Ala .......
Albany, Ga ..........
Atlanta, Ga.........
Rome, Ga ............
Charlotte, N. C...
St. Louis, M ot....
Cincinnati, Ohio.
Newberry, 8. Ct..
Raleigh, N. C .t...
Columbia, S. C ...
Louisville, Ky.*..
Little Rock, Ark.
Brenham, Texas.
Houston, Texas.
Helena, Ark ........
Greenville, Miss.
Meridian, M iss...
Natchez, M iss..:.
Athens, Ga ..........
Total, 31 towns 53,873 1
**
lo
<1
00
a
H
M
CD
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M % H tO
00
M
toto WtOHV|HACOIOCOtOM,^COCOCJi<l H H a t H M
MCDH b
OiOCJ!CD^05C005t0050C400l^CQCO I^COfD05Ü»H‘ 000^0040tf^
tf*COCOto 05to ^ f-*00h- o O O tf*oo ^ <1CD00O O Û0a 0500o O tf*
M
©
HO)
H
*4 M
M
if- lf-©|U,f.|£. W0JMWfc3Mt0WM(»XaWt0W«a©CiS«Ilf-©®WC»«l<J
»^ ©
® p © OO Wa>© © MM00© © WW© W© © M© Wif- -3
b ~ to b V b b V b b i-‘b bb© ~ M b tf^Vtf-'i-aj't-bbob'io'cobcnooH
if-coco©coooovi-‘ ©-3ro-3-3eoooo;Qoo5eo»-‘ ©©atoto-3eoto©©
WM0000© © © © CO05COw © © © to CO-3 to © oo I-*w to00CO© 00© 00-3
i
o
©
m
*
99,965 135,735 182,988 284,104 428,119 558,816
83,218 124,254 145,681 259,721 419,837 548,755
86,608 126,896 142,669 240,659 410,667 522,746
63,554 112,679 119,758 214,007 396,427 499,067
64,735 ' 87,541 93,396 188,972 373,228 479,393
38.547 92,675 92.186 166,977 347,014 453,893
76,795 122,491 176,52t
58,835 115,972 135,621
67,646 117,726 116,669
36,902 98,339 96,079
29,700 64,842 73,722
16,562 66,461 66,686
The above statement shows: 1.—That the total receipts from
the plantations since September 1,1891, are 6,776,288 bales; in
1890-91 were 6,434,631 bales; in 1889-90 were 5,682,712 bales.
2.—That, although the receipts at the outports the past week
were 92,186 bales, the actual movement from plantations was
only 66,686 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 66,461 bales and for 1890 they were
16,552 bales.
O verland Movement
for the
W eek
and since
S e pt . l.*~
W e 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. 18
and since Sept. 1 in the last two years are as follows:
1891-92.
March 18.
Shipped—
Via St. Louis................................
Via Cairo......................................
Via Hannibal...............................
Via Evansville............................
Via Louisville..............................
Via Cincinnati.............................
Via other routes, &o...................
Total gross overland...............
Deduct shipments—
Overland to N. Y., Boston, &o..
Between interior tow n s............
Inland, Ac., from South............
Week.
20,675
7,091
1,148
1,548
3,545
5,071
1,792
Since
Sept. 1.
538.507
311,686
153,539
33,339
164,240
117,936
140,423
1890-91.
Week.
19,714
5,462
1,227
1,177
3,589
1,583
1,698
Since
Sept. 1.
505,504
257,108
84,498
24,132
177,749
157,495
130,500
40,870 1,459,670 24,450 1,336,986
5,340
1,987
1,161
309,653
54,575
71,971
9,713
2,311
2,338
275,734
100,226
77,393
8,488
436,199 14,362
453,353
Leaving total net overland*.. 32,382 1,023,471 10,088
* Including movement by rail to Canada.
t Revised.
883,633
Total to be deducted...............
The foregoing shows that the week’s net overland movement
this year has been 32,382 bales, against 10,038 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits an increase over a year ago o f 139,838 bales.
In Sight and Spinners’
Takings.
to
o
Week.
Since
Sept. 1.
1890-91.
Week.
Since
Sept. 1,
Receipts at ports to March 1 8 .... 92,186 6,378,324 92,675 6,102,187
H
Net overland to Maroh 18............ 32,382 1,023,471 10,088 883,633
00 Southern
consumption to Mch. 18 15,000 422,000 14,000 394,000
CO
M
Total marketed........................ 139,568 7,823,795 116,763 7,379,820
Interior stocks in excess.............. *25,500 397,964 *26,214 332,444
during the week 25,500 bales, and are to-night 106,879 bales
more than at the same period last year. The receipts at all the
towns have been 10,203 bales more than the same week last
year, and since Sept. 1 they are 194,483 bales more than for the
same time in 1890-91.
Feb. 12......
" 19......
“ 26......
Mch. 4......
“ 11......
“ 18___
1891-92.
!
M
©
1-1
MM
00
CO
©p-tOMOSOCMÂM; M ; cop. eOpjOpMtOOS
pM©®WOOtO § ■ !
M 0-«3O3'w to © ®*tO' W* WaOMWWOwVj©© GDM®tolf.© W«3
eooocoociA®©coto; oo; - 4 M © © W WOOIf*<X©WW©W©©~MaO g w
tototo©©if-©GccO' w ■ co-to©H-i»ooaoM03©anwaob3cooo©-3
* Louisville figures “ n e t” in both years,
t This year’s figures estimated,
t Last year’s figures revised.
The above totals s h ow that the interior stocks have decreased
if<i
Receipts at the Ports. St’kat Interior Towns. Rec’ptsfrom Plant’ns.
Week
indino—
1890. 1891. 1892. 1890. 1891. 1892. 1890. 1891. 1892.
90,549
Came into sight during week. 114,068
8,221,759
7,712,264
Total in sight Maroh 18..........
North’ n spinners tak’gs to Moh.18
* Decrease during week.
1,754,052
1,670.119
It will be seen by the above that there has come into sight
during the week 114,068 bales, against 90,549 bales for the
same week of 1891, and that the increase in amount in sight
to-night as compared with last year is 509,495 bales.
496
THE CHRONICLE.
[VOL. LIY,
Columbus, Georgia.—It has rained on one day of the week,
W e a t h e r R e p o r t s b y T e l e g r a p h . — Our telegraphic ad
vices from the South this evening indicate that there has been the precipitation reaching forty-eight hundredths of an inch.
The thermometer has averaged 48, ranging from 32 to 63.
snow and sleet in portions of Louisiana, Mississippi, Arkansas
Savannah, Georgia.—There has been a trace of rain on tw o
and Tennessee during the week, and that at Helena and Mem days of the week. The thermometer has ranged from 35 to
phis the snowfall was eighteen inches, the heaviest on record. 71, averaging 52.
Augusta, Georgia.—It has rained lightly on two days of ther
Farm work has in consequence been to a great extent sus
week, the rainfall reaching ten hundredths of an inch.
pended. Elsewhere the temperature has also been low as a Average thermometer 47, highest 71 and lowest 32.
rule, with frost in some localities.
Charleston, South Carolina.—Rain has fallen on three days
Galveston, Texas.—W e have had rain on two days during of the week to the extent of twenty-two hundredths of an
the week, the precipitation being thirty-nine hundredths of inch. The thermometer has averaged 50, the highest being
an inch. The thermometer has averaged 53, the highest being 68 and the lowest 46.
70 and the lowest 36.
Stateburg, South Carolina.—There has been a trace of rain
Palestine, Texas.—It has rained rather heavily on four on one day of the week. The thermometer has averaged 46’7,
days of the week, the rainfall being two inches and fifteen ranging from 31 to 70.
hundredths. The thermometer has averaged 49, ranging from
Wilson, North Carolina.—W e have had rain on one day o f
22 to 76.
the week, the precipitation reaching fifteen hundredths of an
Huntsville, Texas.—There has been rain on two days of the inch. The thermometer has ranged from 24 to 68, averaging
week, to the extent of forty-five hundredths of an inch. The 41.
thermometer has ranged from 30 to 79, averaging 60.
The following statement we have also received by telegraph
Dallas, Texas.—There has been frost on two days, but showing the height o f the rivers at the points named at 3
whether killing or not it is impossible yet to say. W e have o’clock March 17, 1892, and March 19, 1891.
had hard !rain on two days of the past week, the rainfall
Mch. 17, ’92. Mch. 1 9 ,’ 91.
reaching one inch and nine hundredths. Average thermom
eter 51, highest 78 and lowest 24.
Feet.
Feet.
1 09
16-2
San Antonio, Texas,—It has rained on two days of the New Orleans___ .......Above low-water mark.
Memphis........
20-2
34-3
week, the precipitation being forty-six hundreths of an inch. Nashville..........
11-5
Missing.
The thermometer has averaged 53, the highest being 78 and Shreveport........
17-4
7-9
Vicksburg_____
28-5
47-7
the lowest 28.
Luling, Texas.—There has been rain on one day of the past
I ndia Cotton Movement from a l l p o r t s . —The receipts;
week, the rainfall being thirty-three hundredths of an inch. and shipments of cotton at Bombay have been as follows fo r
The thermometer has averaged 60, ranging from 30 to 79.
the week and year, bringing the figures down to March 17.
Columbia, Texas.—Rain has fallen on one day of the week,
B O M B A Y R E C E IP T S A N D SH IPM EN TS F O B F O U R Y E A R S .
to the extenth of twenty hundredths of an inch. The ther
mometer has ranged from 34 to 72, averaging 53.
Shipments since Sept. 1.
Receipts.
Shipments this week.
Cuero, Texas.—Dry weather has prevailed all the week. Year Great Conti
Great
This
Since
Conti
Total.
Total.
Average thermometer 54, highest 75 and lowest 34.
Week. Sept. 1.
Britain nent.
Brit’n. nent.
Brenham, Texas.—It has been showery on one day of the
5,000 10,000 20,000 196.000 216,000 57.000 622,000
week, the precipitation being twelve hundredths of an inch. ’91-2 5.000
8.000 29.000 37.000 35,000 335.000 370.000 99.000 1.063.000
The thermometer has averaged 57, the highest being 80 and '90-1
’9-90 16,000 52.000 68.000 135.000 448.000 583.000 83.000 1.110.000
the lowest 34.
’ 88-9 23,000 22.000 45,000 165.000 422.000 537.000 79.000 1,016,000*
Belton, Texas.—It has been showery on one day of the
According to the foregoing Bombay appears to show
week, the precipitation reaching twenty hundredths of an a decrease compared with last year in the week’s receipts of
inch. The thermometer has averaged 56, ranging from 34 42,000 bales and a decrease in the shipments of 27,000 bales, and
to 79.
the shipments since Sept. 1 show a decrease of 154,000 bales.
Weatherford, Texas.—There have been two days of very The movement at Calcutta, Madras, and other India ports for
cold weather. It has been showery on one day of the week, che last reported week and since the 1st of September, for two
to the extent of thirty hundredths of an inch. The ther years, has been as follows. “ Other ports” cover Ceylon,
mometer has ranged from 15 to 77, averaging 46.
_____
Tuticorin, Kurrachee and Coconada.
New Orleans, Louisiana.—The week’s rainfall has been one
Shipments since Sept. 1.
Shipments for the week.
inch and seven hundredths. Average thermometer 63.
Shreveport, Louisiana.—There has been rain, snow and sleet
Great
Conti
Great
Total.
on three days of the week, to the extent of one inch and
Britain. Continent. Total.
Britain. nent.
twenty-nine hundredths. Fruit trees damaged. The ther
mometer has averaged 46, the highest being 73 and the low Calcutta—
21,000
25,0004.000
1891-92...
est 27.
30.000
37.000
7.000
2,000
1,000
1890- 91... 1,000
Columbus, Mississippi.—W e have had rain on three days Madras—
11.000
28.000
17.000
189192...
of the week, the precipitation reaching one inch and ninety30,000*
13.000
17.000
91...
five hundredths. The thermometer has averaged 46, ranging All1890others—
64.000
43.000
21.000
from 26 to 72.
2,000
2,000
1891- 92...
59.000
39.000
20,000
1,000
1,000
189091...
Leland, Mississippi.—Sleet began falling on Wednesday,
turning to snow at night and now the snow is over three Total all—
inches deep. The week’s rainfall has been one inch and thirty117.000
75.000
42.000
2,000
2,000
189192...
126.000
82.000
44.000
3,000
2,000
1,000
seven hundredths. The thermometer has ranged from 28 to
1890-91...
73, averaging 44'4.
The above totals for the week show that the movement from
Little Rock, Arkansas.—This week has been very disagree the ports other than Bombay is 1,000 bales less than the same
able even for March. On Tuesday evening and night we had week last year. For the whole of India, therefore, the total
a snowfall of ten inches, which still covers the ground. The shipments since September 1,1891, and for the corresponding
thermometer has averaged 40, the highest being 74 and the periods of the two previous years, are as follows:
lowest 24. Precipitation seventy-one hundredths of an inch.
EX PO R TS TO E U R O PE FR O M ALU IN D IA .
Helena, Arkansas.—There has been snow to the depth of
1889-90.
1890-91.
1891-92.
eighteen inches the past week—the heaviest ever known in
Shipments
tins locality—and everything is at a standstill. The ther
Since
This
Since
This
This
Since
to
alt
Europe
mometer has averaged 32, ranging from 17 to 70.
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
from —
Memphis, Tennessee.—W e had snow and sleet on Tuesday,
Wednesday and Thursday, but the weather is now clear and Bombay........... 10,000 216,000 37,000 370.000 68,000 583,00G
cold. The fall of snow amounted to eighteen inches on the All other ports. 2,000 117,000 3,000 126.000 11,000 1 6 1 ,o o a
level, and was the heaviest on record in this section. Farm
Total......... 12,000 333,000 40,000 496,000 79,000 744,000
work has been suspended. The rainfall (melted snow) reached
A
l e x a n d r ia R eceipts and Shipments .—Through arrange
two inches and thirty-nine hundredths. The thermometer
ments we have made with Messrs. Davies, Benachi & Co., of
has ranged from 25*2 to 71'2, averaging 37'6.
Nashville, Tennessee.—There has been rain on two days of Liverpool and Alexandria, we now receive a weekly cable o f
the week, the rainfall reaching two inches and four hun the movements of cotton at Alexandria, Egypt. The following
dredths. Average thermometer 37, highest 65 and lowest 24. are the receipts and shipments for the past week and for the
Mobile, Alabama.—There has been rain on one day of the corresponding week of the previous two years.______________
week, the rainfall reaching eighty hundredths of an inch.
Alexandria, Egypt,
1889-90.
1890-91.
1891-92.
March 16.
The thermometer has averaged 52, the highest being 74 and
the lowest 33.
Receipts (cantare*)
Montgomery, Alabama.—There was a frost and some ice
14,000
45,000
80,000
This w eek ....
3,056,000
3,805,000
4,469,000
this morning, but the weather has since moderated. The
week’s rainfall has been one inch and forty-eight hundredths,
Since
This
Since
Since
This
This
week. Sept. 1. week. Sept. 1. week. Sept. 1.
on one day. The thermometer has averaged 52, ranging from
32 to 73.
(bales)—
Selma, Alabama.—There has been rain on one day of the Exports
To Liverpool............ 7.000 282,000 2,000 250.000 3.000 232,o o a
week, the precipitation being eighty hundredths of an incba To Continent............ 9.000 161,000 5,000 162.000 3.000 126 ,ooa
The thermometer has ranged from 32 to 68, averaging 49.
Total Europe. . . . . . 16,000 443,000 7,000 412,000 6,000 358,000
Auburn, Alabama.—Telegram not received.
jx. u a u u m to
vw uuuu»
Madison, Florida.—There has been rain on one day of the
This statement shows that the receipts for the week ending
week, the rainfall reaching fifteen hundredths of an inch.
The thermometer has averaged 64, the highest being 77 and Mch. 16 were 80,000 cantars and the shipments to all Europe
16,000 bales.
the lowest 32.
497
THE CHRONICLE.
M arch 19, 1892.]
F a l l R iv e r Mil l D ividends .—Twenty-seven of the cotton
manufacturing corporations in Fall River have declared divi
dends during the quarter ended March 1, and a comparison
with the similar period of 1891 is given below. The exhibit is
somewhat more favorable than that for last year, a number
1891.
1892.
of the mills showing an increased ratio of distribution, but a t
Oott’n
OoiVn
8% lbs.
8^ lbs.
Mid. the same time the aggregate amount paid out has been only
Mid. 32s Cop.
Shirtings.
Shirtings.
Upld $267,300, or an average of 1*55 per cent on the capital. In
TJplds Twist.
d.
1891 the average dividend was 1*30 per cent, but in 1890 and
d.
d. s. d. 8. d.
d.
s. d. s. d.
41&16
5 3 ®6 8ia 3i316 77s ® 818 6 1%®7 2
1889 reached over two per cent. For this year’s figures we are
6
1H®7
2
478
3%
77a
®
8i8
5 2 ®6 7*2
47a
indebted to Messrs. G. M. Haffards & Co. of Fall River.
5 lifi®6 7
31116 778 ® 818 6 1H®7 2
M anchester M a r k e t . —Our report received by cable to-night
from Manchester states that the market is flat for both
yams and shirtings. W e give the prices for to-day below
and leave those for previous weeks of this and last year for
32s Cop.
Twist.
Fb. 12
“ 19
“ 26
Mch.4
tí 11
“ 18
d.
d.
63s ®7H
6*16
6316®7316
3% 7®8 ®8
6is ®7i8 5 1 ®6 6
31116 738 ®7%
6116 ®7116 5 01a®6 5
5 0H®6 4H 3916 73s ®7%
51Bie®7
E uropean C otton C onsumption
to
6 0 ®7 0
5 11 ®6 11
5 1 1 ®6 11
41»i6
4i6ie
415i6
March 1.—W e have
received to-day by cable, Mr. Ellison’s cotton figures brought
down to March 1. The revised totals for last^ year have also
been received and we give them for comparison. Spinners’
Continent.
Great Britain.
October 1 to March 1.
F o r 1 8 9 1 -9 2 .
Takings by spinners., .bales
Average weight of bales.lbs
Takings in pounds ...............
3,089,000
1,606,000
483*7
476
764,456,000 1,494,092,000
1,483,000
492
729,636,000
F o r 1 8 9 0 -9 1 .
Takings by spinners., .bales
Average weight of bales.lbs.
Takings in pounds................
Total.
1,682,000
486
817,573,000
3,542,000
1.860,000
474
479*9
882,597,000 1,700,170,000
According to the above, the average weight of the deliveries
in Great Britain is 492 pounds per bale this season, against
486 pounds during the same time last season. The Continental
deliveries average 476 pounds, against 474 pounds last year,
and for the whole of Europe the deliveries average 483 7
pounds per bale, against 479*9 pounds last season. Our dispatch
also gives the full movement for this year and last year in
Oct. 1 to March 1.
Bales o f 400 lbs. each,
000s omitted.
1891 92.
Great Conti
Britain. nent.
Total.
148,
317,
326,
208,
474,
525,
77,
321,
167,
205,
244,
526,
Total supply........
Consump. Oct., 4 wks.
465,
328,
534,
356,
999,
684,
398,
336,
372,
348,
770,
684,
Spinners' stock Nov. 1
Takings in November.
137,
331,
178,
365,
315,
696,
62,
389,
24,
379,
86,
768,
Total supply........
Consump. Nov., 4 wks.
468,
328,
543,
356,
1,011,
684,
451,
336,
403,
348,
854.
684
Bpinners’ stock Dec. 1
Takings in December.
140,
435,
187,
577,
327,
1,012,
115,
509,
55,
659,
170,
1,168.
Total supply........
Consump. Dec., 5 wks.
575,
410,
764,
445,
1.339,
855,
624,
420,
714,
435,
1,338,
855.
Spinners’ stock Jan. 1
Takings in January..
165,
378,
319,
417,
484,
795,
204,
463,
279,
514,
483,
977,
Total supply.; __
Consump. Jan., 4 wks.
543,
328,
736,
356,
1,279,
684,
667,
336,
793,
348,
1,460,
684.
Spinners’ stock Feb. 1
Takings in February.
215,
363,
380,
344,
595,
707,
331,
362,
445,
449,
776,
811,
Total supply........
Consump. Feb., 4 wks.
578,
328,
724,
356,
1,302,
684,
693,
336,
894,
348,
1,587,
684.
Spinners’ stock Mcb. 1
250,
368,
618,
357,
546,
903,
The comparison w ith last y ea r is m ade m >re strik in g by
bringing together the above totals and adding the a vera ge
weekly consumption up to this time for the two yen's.
1890-91.
1891-92.
Great Conti Totat
Britain nent.
Great Conti
Britain nent.
Total.
Spinners’ stock Oct. 1
148,
Takings to March 1... 1,824,
326,
1,911,
474,
3,735
77.
2,044,
244.
16 /,
2.206, 4,250,
Consumpt’n 21 weeks
1,972,
1,722.
2,237,
1,869.
4,209,
3,591,
2,121,
1,764,
2,373 4,494,
1,827, 3,591.
Spinners’ stock Mcb. 1
250
368.
618,
357.
Weekly Consumption
00# omitted.
In October..............
In November.........
In D ecem ber.........
In January............
In February..........
82,0
82,0
82,0
82,0
82,0
89,0
89,0
89,0
89,0
89.0
171,0
171,0
171,0
171,0
171,0
84.0
84,0
84,0
84,0
84,0
546
903,
87,0
87,0
87,0
87,0
87,0
171,0
171,0
171,0
171,0
171,0
xne l o r e going tsuowa m a t m u w e o iu jf
tinues at 171,000 bales of 400 pounds each, against 171,000
bales of like weights at the corresponding time last year.
The total spinners’ stocks in Great Britain and on the
Continent have increased 23,000 bales during the month, but
are now 285,000 bales less than at the same date last year.
1800,000
400.000
330.000
1
2
1, 000,000
2
3
2
2
400.000
500.000
120.000
400.000
580.000
1, 200,000
400.000
400.000
1,000,000
ih
1«
1*
2
3
m
m
1
1H
1
1H
1
IH
IH
1
IH
1
IH
2
3
1
$17,24l\000
1-55
$ .........
$8,000
8,000
4,950
20,000
20,000 2
12,000
12,000 3
7,500
10,000 IH
2,400
6,000
6,000 IH
8.700
8.700 IH
18,000
24,000 *2
12.000
12,000 3
6.000
6,000 IH
15,000
15,000 IH
6.000
4.000 IH
12,000
12,000 IH
7,500
6,000
IH
8,000
í 2,000 1
8.000
8,000 1
2,600
1
9.000
13,500 1
8,250
8.250 IH
5,500
12,000
12.000 IH
6.000
4,000 IH
7,500
7,500 IH
6.000
22,500
22,500 3
7,500
7,500 1
$267,300
+8.000
+8,000
+4,950
+-2,500
+-2,400
•••••••»
+6,000
—2,000
4-7.500
—6,000
+-4,000
—2,600
+4,500
+-5,500
-2,000
+-6,000
1820.5501 +46.750-
Shipments of F ertilizers from C harleston .—Mr. P. C
Trenholm, of Charleston, has prepared a statement of the
shipments of fertilizers from that city to the interior since
1890-91.
September 1 in each of the last two years, from which it will
Great Conti Total. be seen that there has been a considerable decrease in 1891-92.
The statement is as follows :
Britain. nent.
Spinners’ stock Oct 1.
Takings in O ctober...
Oct. 1 to March 1.
bales o f 400 lbs. each.
0 0 0 s omitted.
American Linen Co..........
Barnaby Manufac’g Co....
Barnard Manufac’g Co....
Border City Man’f ’g Co...
Bourne Mills.....................
Chace Mills................... .
Conanicut M ills..............
Davol Mills.......................
Flint Mills.......................
Globe Yam Mills...............
Granite Mills ...................
Hargraves’ Mills.............
King Philip Mills..............
Lanrel Lake Mills.............
Merchants’ Manufac’g Co.
Mechanic Mills..................
Narragansett Mills............
Pocasset Manufact’g Co..
Richard Borden M’r g Co.
Robeson Mills ..................
Sagamore Manufac’g Co..
Shove Mills......................
Slade Mills.......................
Stafford Mills....................
Seaconnet Mills................
Tecumseh M ills...............
Troy Cot. & W. Mfg. C o... .
Union Cotton M’f ’g Co....
Wampanoag Mills............
Totals.
* On 1900,000.
Dividends 1892. Dividends 1891. Increase
or
P. C. Amount. P. C. Amount. Decrease
Capital.
Corporations.
Sept. 1 to March 1.1890-91.
1891-92.
Tons
Tons.
Carried over—
56,790
Charleston & Savannah RR..................
45,258
............... 35,827
3,841
...............
2,801
51,495
................. 30,269
157,884
................. 105,472
* February not included in either yea r; figures not ready.
D omestic E xports
of
C otton Manufactures .—Through
below:
Quantities of Manufactures of Cot Month endino Jan. 31. 7 mos. endino Jan. 31.
ton (colored and uncolored)
1890-91.
1891-92.
1891.
1892.
exported to—
505.775 4.861.961
934.371
United Kingdom............... yards
194,943
80.776
8,436
Germany...... •••• ...................
„
186,665 1.558,382
227,334
Other countries in Europe....
422.120
30.333
56,161
British North America.......... **
688,104 5,301,515
757,557
Mexico................. .„•••••• •••!
Central American States and
5.299.766
748,877
826,254
British Honduras...............
262,859
23.027
26,594
Cuba.................................. ••• „
262,961
88,662
99.965
Puerto Rico......................... „
462,271
34,800
119.S57
Santo D om in g o................. •
786,194 5,565,494
696.658
Other vVest Indies.............. lf
153,287 1.094.936
264,268
Argentine Republic............ .
460,589 3.847,837
333,924
Brazil ....................................
205,998 3.137,903
873,693
United States of Colombia...
1,556,505 1,356,349 16,863.748
Other countries in S. America .
7.592,011 32.807.716
China.....................................
, 7,046,171
720,000 3,953,660
405,585
British India and East Indies
Other countries in Asia and •
718,127 3.610.313
341,544
Oceanica........................... ,,
125,936 7.065.584
2,374,760
Africa.................................. „
113,520 6,242,555
392,235
Other countries......................
16,841,872 14,519,030 102,811,533
Total yards of above....
(980,650 (6,398,941
11,002,753
Total values of above....
$-0622
(*0675
(-0595
Value per yard......................
Cotton exported to—
United Kingdom.................
Germany.............................
France..................................
Other countries in Europe..
British North America.......
Mexico.......... .
..... . . . . .
Honduras............................
C u b a................ ....................
Puerto Rico..........................
Santo Dom ingo...................
Other West Indies..............
Argentine Republic.............
Brazil.................................. .
United States of Colombia..
Other countries
Oceanica............
Africa........ ..... ..
Other countries...
5,417,221
370,551
1.184.690
275,144
4,479,874
4.965.833
189,996
244,900
306,225
9.367,601
893,2364,555,381
1,735,155
11,599,438
31,211,502
3,256,754
2,521,17»
4,199,858
4,298.078
91,162,156
$6,319,876
$-0693
(17,509
7,077
1,167
523
67,828
10,223
(10.491
2,023
27
5,075
26,991
13,185
$107,300
39.644
3,642
9,985
436,797
95,493
$155,06»
13,456
1,383
34,018
232.316
104,532
4,691
3,508
2,770
3,022
291
173
5,346
995
2,98«
4.437
3.58S
9,925
55,848
35,73«
3,200
3,565
27,57«
4,13«
43,23«
20,900
29,361
61,511
49,442
24,650
3,476
1,046
29,40»
5,084
26.103
33.731
23,856
34,210
27,680
2,41c
855
194,904
6.05]
6,258
171,450
6,810
9,036
221
155
3,772
1.01S
4.08S
2,854
3.86C
1,357
15,902
10(
$950,158
(145.861
$122,268 $1,185,18C
g (1,148,614 $1,102,918 $7,584,121 $7,270,03»
498
J ute B utts,
ju t e b a g g in g at
■was co m p le te d
q u iet. Q uoted,
g in g qu ality.
THE CHRONICLE,
B a g g in g , & c .— There is v e ry little d o in g in
present.
A con sidera b le sale o f ju te b u tts
last w eek, b u t la tterly th e m a rk et has been
2c. fo r paper grad es an d 2 % @ 2 % c . fo r b a g
S h ip p in g N e w s . — Th e e x p o r ts o f c o t to n f r o m th e U nited
S ta tes th e past w e e k , as p e r l a te s t m a i l re tu rn s , h a v e reached
T 7 ,8 10 bales. S o fa r as th e S ou th ern p o rts are co n c e r n e d , these
'a re th e sa m e e x p o rts r ep orted b y te le g ra p h a n d p u b lish ed in
th e C h r o n ic l e la st F rid a y , W it h re g a rd t o N ew Y o r k w e
in c lu d e th e m a n ife sts o f a ll v essels cle a r e d u p t o T h u rsd a y.
„•
Total baler.
« ew Y ork —To Liverpool, per steamers Eaclid, 1,667.......
^Kepler. 1,805---- Rosse, 1,548 -..fiunio, 2,719.................... 7,739
To Hull, per steamer Marengo, 147........................ . . . __ _
147
To London, per steamers Canada, 6 0 0 ....Mississippi,*814" 1,414
ro Havre, per steamer La Bourgogne, 1,270......................... 1,270
To Bremen, per steamers Elbe, 809__ Saale, 564................. 1 1,373
216
To Antwerp, per steamer Hermann, 216.............................
To Genoa, per steamers Elysia, 860___Fulda, 700 "
1,560
318
To Naples, per steamer Elysia, 318..........................................
To Trieste, per steamer Elysia, 200.......................... .
200
To Yokohama, per steamer Strathleven, 200 . . .
............
200
HEW ORLEANS—To Bremen, per steamer Bengore Head, 4,374 4,374
G alveston —To Liverpool, per steamers Marie, 5,831....N utfle.d, 6,676.......................................................... ’ ..................... 12 507
SAy£ Nfi f H—To ReyaL
steamer Marl tana! 4,750
4*750
. Barcelona, per steamers Elmville, 5,500...Nant Gwyant.
4,500....................................................
J
10 000
To Corunna, per bark Rosita, 200............ [ . . . . . ......................... 200
charleston —To Gefle, per bark Yulkan, 1,140 ..........................
1,140
h o k po ik —To Liverpool, per steamer Jessie, 4,518..............." ...
4,518
To Hamburg, per steamer Thordisa, 2,33 5 ............................... 2,335
To Nordkoping, per bark Giovanni, 1,450____________ . . . . . 1,450
Liverpool, per steamer 8 t Regulus, 4,982
4,982
N ewport News —To Liverpool, per steamers Bavarian, 3,262
-...Bulgarian, 1,072................... ......................... .
4 334
BOSTON—To Liverpool, per steamers Aleppo, 688___Bostonian,
’
4 1 7 ....Kansas, 1,359— Virginian, 2,039 .......................... 4,503
l o Hamburg, per steamers Cremon, 642.......Stubbenhuk,
l>18u.. . .......... ...............................
j 822
To Antwerp, per steamer Steiijhoft, 2
2
2
*
2
2
2
**
'To Liverpool, per steamer Mentmore, 4 2 3 ____
423
’
200
l o London, per steamer Maryland, 200 ...............
To Havre, per steamer Govino. 1,203 .................
............ 1 203
To Bremen, per steamers America, 1 ,0 00 ...Oldenburg,T,537 2 , 5 3 7
1.273
To Rotterdam, per steamers P. Caland, 778___Toledo, 495
To Antwerp, per steamer Regina, 600....................................
600
T o t a l............................ ~ ..................................................... .
T h e particu lars o f th ese ship m en ts, a rra n ged in o u r
f o r m , are as fo llo w s :
_
Hull
Bremen Other Spain,
Liver- A Lon<&Ham- North Italy <6 Tokopool. don. Havre. burg.Europe.Austria. hama.
New York. 7,739 1,561 1,270 1,373
216 2,078
200
N. Orleans. . . . . . .
4,374 ..................................
Galveston. 12,507
...............................................
Savannah. . . . . . .
........ 4,75010,200. .........
Charleston.
........ 1,140 ......................
N orfolk.... 4,518
2,335 1,450 .....................
West Point 4,982
...............................................
N*p’t News 4,334
..................................
Boston . . . . 4,503
2,044 •.................................
Baltimore.
423
200 1,203 2,537 1,873 .....................
T o t a l.... 39.006 1,761 2,473 12.663 9,42912,278
200
77,810
u su al
14,437
4,374
12,507
14,950
1,140
8,303
4,982
4,334
6,547
6,236
77,810
Below we add the clearances this week o f vessels carry no
eotton from United States ports, bringing our data down to
th e latest dates:
G alveston- T o Havre—March 9 -Steamer Fulham, 5,597,
To Bremen—M troh 14—Steamer Ithamo, 350.
HEW O rleans —To Liverpool -M axell 11—Steamer Explorer, 4,286
n aa« ° 2
8teS?ler^Di^'iei 1’ 4,983....Match 15—Steamer Austrolian, 4,270
March 17—Steamer Caban, 4,935.
i!FaI i e ~ MaroJ? 12-Steamer Lady St. Germans, 3,259 ...M arch
^ S t e a m e r Brazilian, 6,557----- March 18—Steamer Atlantic,
«jlvUt
B oston—To Liverpool—March 8—Steamers Georgian, 614; Ottoman,
To Antwerp—March 8 -Steamer Wandrahm, 491.
To Yarmouth—March 11 - Steamer Yarmouth, 75.
B altimore—To Liverpool—March 7—Steamer Barrowmore, 463
March 9 -Steamer Austrian, 530....M arch 1 1 -Steamer Queens"
more, i , 5y l.
To Havre -M arch 17—Steamer Prodono, 231.
To Bremen—March 9 -Steamer Oldenburg (additional), 1.195
March 16—Steamer Dresden, 3,874.
To Hamburg-March 1 2 -Steamers Gothia, 100.
To Rotterdam -Maroh 5—Sieamer Patapsoo, 617 .. March 11Steamer Urbino, 450.
Liverpool—March 15—Steamer Lord Clive, 310
To Antwerp—Maroh 15—Steamer Switzerland, 100.
Below we give all news received to date o f disasters to
vessels carrying cotton from United States ports, Sco.
-County o f Sa lo p , steamer (B r), from Havre for New Orleans, was
wrecked March 10 at Bude. She had anchored outside the bav
at that place to escape the severity of the gale that waa sweeping
up the Channel. 8 be arrived there about noon. The storm
increased and in a short time her cables broke a id she drifted
broadside on the rocks in Wide Mouth Bay.
E ider , steamer (Ger.) The effort to float steamer Eider has been
postponed until the 28th inst. Although the hatches are battened
down with baulks of timber and the orlop deok is oement ed down
the water rises with the tide 3 feet in the seoond olass dining
saloon. At high tide the bow is afloat, but at low water the vessel
is embedded 5 feet at the bow and 14 feet at the stern.
l iv
.
M armion. steamer (Br.), from Galveston for Bremen, which Dut into
Southampton with Are in her hold and was tow ad thence to
destination, has discharged her cargo. Thirtv-two bales o f «ot+nn
35tfSVSi*ib?"re
S » £
fuel. It is feared that a portion of the eotton that she carried is
w ^ w h i l e i n t X l h e r ^ o c i ™ ° aUSed by ber striking a quay
Cotton freights the past week have been ag follows:
Satur.
Mon.
Tues. Wednes. | Thurs.
Fri.
Liverpool, steam d,
®38
B32
B31
532®1164 532®1164
B82
Do
bid...<i,
....
Havre, steam ...d.
532
*8®®32 7S®532 *8® ®32 18® 532 18®®82
Do
............d.
Bremen, steam. ,d.
732
782
732
732
782
iT
Do indirect..d.
....
816
S16
SX6
816
S16
Hamburg,steam.d.
3ie
S16
S16
316
81C
S18
......... d.
Do
Amst’d’m,steam.d.
40*
40*
40*
40*
40*
40*
Indirect.......... d.l
Reval, steam___d.' 782®932 782®932 732®932 732® 932
732®932 732®93J
............... d )
Do
Barcelona,steam d. I
*4
X ;
H
Genoa, steam ...d.
782
7S2
732
732
732
782
1564_1764 lb64-l7 61, 1564~1764 1B64~l764, 1564-1761 1B64-17eA
Antwerp, steam.d. 1e ,a>9 6i
Cents, per 100 lbs.
I %3>964
*6®964 I
I 1S®96*
L i v e r p o o l .— B y cable from Liverpool we have the following
statement o f the week’s sales, stocks, &c., at that port:
Feb. 26. Mch. 4. Mch. 11. Mch. 18.
Sales of the week............bales.
44.000
54.000
49.000
49.000
Of which exporters to o k ....
5,200
1,600
3.000
3,400
Of which speculators took..
6,400
12,200
14.000
13,800
Sales A m e r ic a n ..................
39.000
49.000
44.000
46.000
Actual export___. . . . . . . . . . . . . .
5,000
11.000
7.000
5,000
Forwarded................. . . . . . . . . .
65.000
65,000
68.000
62.000
Total stock—E stim a ted ....... 1,690,000 1,709,000 1,719,000 1,735,000
Of which American—Estim’d 1,445,0001,466,000 1,469,000 1,487,000
Total import of the week__
88.000
95,000
84.000
83.000
Of which A m erica n ........
69.000
89,000
69.000
76.000
Amount afloat.......... .
225.000 202,000 157.000 137.000
Of which American. . . . . . . .
215.0001 190,000 145.000 120.000
The tone o f the Liverpool market for spots and futures each
day of the week ending March 18, and the daily closing prices
of spot cotton, have been as follows: Spot.
Saturday Monday. Tuesday. Wednes. Thursd’y. Friday.
Market, ? In buyers’ Moderate Dull and
favor.
1:45 p. m . )
demand. depressed
Mid.Upl’ds.
311x6
Sales........
Spec. & exp.
7,000
1,500
3%
8,000
1,500
More
doing.
Fair
business
doing.
Fair
business
doing.
39i6
3»X6
39i6
3»16
6,000
1,000
10,000
2,000
10,000
2,500
10,000
3,000
Futures.
Steady at Easy at
Easy at Steady' at Qnlet at Steady at
Market, £ 1-64
@ 2-64
@2-04 2-64 de 1-64 @ 2-64 partially 1-64 de
1:45 p. M.J decline. 1-64
decline.
cline.
decline. 1-64 dec.
cline.
Market, ? Steady.
4 P. M. J
Barely
steady.
Firm.
Very
steady.
Firm.
Barely
steady.
The opening, highest, lowest and closing prices o f futures a t
Liverpool for each day are given below. Prices are on th e
basis o f Uplands, Low Middling clause, unless otherwise stated:
EST The prices are given in pence and 64<A.
3 63-64®., and 4 01 means 4 l-64d.
T o Bremen-March 12—Steamer Monrovia, 3,823....March 1 8 Steamer Darwin, 3,617.
°
’To2I|a“ lburg —March 14-Steamers Grassbrook, 2,200; Inohmarlo,
To Genoa-Maroh 11 —8teamer Swedish Prince, 1,437.
To Leghorn—March 11 —Steamer Swedish Prince, 2,000.
To Barcelona—March 16—Ship Marcelino Jane, 1,300.
Gharleston—To Liverpooi—March 14—Steamer Castanos, 4,532.
To Bremen—March 11—Steamer Intrepid, 3,251.
To St. Petersburg—March 11 -Bark Medora, 2,530.
SAVANNAH—To Gothenburg-March 15—Bark Elizabeth. 2.100.
T° ® L peter8bui*g—March 15—Barks Forsete, 1,700; Johannes,
LVo l
B at., M ch . 1 2 .
M on ., M ch . 14.
Thus: 3 63 means
Tues., M ch . 1 5 .
Open High Low. Olos. Open High Low. Olos. Open High Low. Olos
A. A.
a. a.
d.
d.
d.
A.
d.
d.
d. d.
March........
Mch.-April.
April-May..
May-June..
June-July...
July-Aug...
August.......
September..
Bept.-Oct...
Oct.-Nov....
Nov.-Dee...
8 37
3 37
3 38
3 41
3 45
3 48
3 51
3 54
3 54
3 57
3 37
3 37
3 39
3 42
3 45
3 48
3 52
3 55
3 56
3 57
3 37
3 37
3 38
3 41
3 45
3 48
3 51
3 54
3 54
3 67
3 37 8 33
3 37 333
3 39 3 35
3 42 8 38
3 45 3 42
3 48 3 45
3 52 3 48
3 55 3 51
3 55 3 51
3 67 3 54
Wed., M ch . 1 6 .
March.......
Mch.-April.
April-May..
May-June..
June-July...
Jnly-Aug...
August.....
September..
8ept.-Oct...
Oct.-Nov....
Nov.-Dee...
3 34
3 34
3 35
3 39
3 42
3 45
3 49
3 52
3 52
3 55
3 33
3 33
334
3 38
3 41
3 44
3 48
3 51
3 51
3 54
••••
3 33
8 33
3 35
338
3 41
3 45
3 48
3 51
3 51
3 54
3 30
3 30
3 31
3 34
3 38
3 41
3 44
3 47
3 47
3 50
3 31
3 31
3 32
3 86
3 39
3 42
3 46
3 49
3 49
3 51
3 30
3 30
3 31
3 34
338
3 41
3 44
3 47
3 47
3 50
3,31
3 31
3 82
3 36
3 39
3 42
3 46
3 49
3 49
3 51
••••
Thurs., M ch . 1 7 .
F r i., M ch . I S .
Open High Low. CUos. Open High Low. Olos. Open High Low. Olos.
d.
d.
A.
d.
d.
d.
d.
d.
d.
d.
a. <L
8 30
3 30
3 30
3 34
3 37
3 40
3 43
3 46
3 46
3 49
3 52
3 30
3 30
3 31
334
3 37
3 41
3 44
3 47
3 47
3 50
353
3 30
3 30
3 30
334
8 37
3 40
3 43
3 46
3 46
3 49
3 52
3 30
3 30
8 31
3 34
3 37
3 41
3 44
3 47
3 47
3 50
3 53
3 30
3 30
3 31
8 34
3 37
3 41
3 44
3 46
3 46
3 49
3 52
3 35
3 35
3 35
338
3 41
3 44
3 48
3 51
3 51
3 53
3 56
3 30
3 30
3 31
3 34
3 37
3 41
3 44
3 46
3 46
3 49
853
3 35
3 35
3 35
338
3 41
3 44
3 48
3 51
3 51
8 53
3 56
3 33
3 33
3 33
3 36
3 40
3 43
3 46
3 48
3 48
3 51
3 54
3 33
3 33
334
3 37
3 40
3 43
3 46
3 49
3 49
8 52
3 54
3 32 3 32
3 32 3 32
3 32 3 33
3 35 3 3«
3 38 3 39
3 41 3 42
3 45 3 45
3 48 3 48
3 48 3 48
3 50 3 50
8 53 3 58
March 19, 1892. J
THE CHRONICLE
B R E A D S T U F F S.
F riday , March 18,1892,
The markets for flour and meal have been very dull
throughout the week, and prices show more or less depres
sion. The declines in the grain markets have caused buyers
of products to insist upon a lower range o f values, wliich
not being readily conceded kept trade within the narrowest
limits. To-day the market was steadier but quiet at our re
vised and partially reduced figures.
The wheat market has been feverishly favorable, both in
tone and prices. Depression under weak foreign advices
early in the week culminated on Tuesday in a sharp decline
on the report of the failure of Guenzburg at Petersburg. A
recovery on Wednesday, ascribed to damage at the West to
the fall-sown crop, could not be maintained, for it was fol
lowed on Thursday by a sharp decline, ascribed to a free
selling movement in liquidation of “ lon g ” accounts. The
export business was fairly liberal throughout the week, and
yesterday’s business included No. 2 red winter at $1 01,
f. o. b. To-day futures were dearer on a demand to cover
contracts, stimulated by the large export business, shippers
taking about a quarter million bushels, including No. 1
Northern spriog, part at 99c, and No 2 red winter at $ 1 00%
@1 01%, f. o. b. and afloat.
DAILY CLOSING PRICES OP NO. 2 BED WINTER WHEAT.
Sat.
March delivery.............. e. 99%
April delivery...............o. 100
Maydelivery......... . . ...o .
98%
Junedelivery................o. 96%
July delivery..................o. 96%
August delivery............ o. 93%
Mon. Tues. Wed.
99%
9858 99%
99%
98%
99%
98%
96% 97%
96%
95% 96
95%
94% 95%
93%
92% 93%
Thura. Fri.
98
98%
98
98%
96%
96%
94%
94%
94%
94%
92
92%
Indian corn has experienced a sharp decline. It was seen
that each effort to advance prices brought export business
nearly to a stand. To-day an early decline was nearly re
covered, with a good export demand, including No. 2 mixed
at 45%c.@4?c., in elevator and afloat.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sal.
March delivery............... o. 48%
Aprildelivery.................. e. 48%
M aydelivery....................o. 48%
June delivery.............. o. 46%
July delivery........... . . .o . 47%
August delivery..............c. . . . .
Mon.
47%
47%
47%
46%
47%
47%
Tues.
46%
47%
46%
46
46%
....
Wed.
47
47%
46%
45%
46%
46%
Thura.
46%
46%
46%
45%
46
46%
Fri.
46
46%
46
45%
45%
46%
Oats have declined, in sympathy with corn, although re
ceipts at the West are small. Yesterday there was a semi
panic, but to day the close was steady at some recovery from
inside prices.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Sat.
35%
36
3578
35%
34%
March delivery......
April delivery.........
May delivery............
June delivery..........
July delivery...........
Mon.
35
35%
35%
34%
34%
Tues.
34%
35%
34%
34%
34
Wed.
35
35
35
34%
34%
Thurs.
34%
34%
34%
34
33%
Fri
34%
34%
34%
34
33%
Rye has been dull and closes lower. Barley advanced and
was more active early in the week, but the close is nearly
nominal.
The following are closing quotations :
FLOUR.
F in e.................V hhl. $2 50®$3 10 Patent, winter.......... $4 50® $4 90
Superfine............... .
3 00® 3 30 City mills extras....... 4 75® ___
Extra, No. 2
....... 3 25® 3 50 Bye flour,superfine.. 4 00® 4 40
Extra, No. 1 .............. 3 50® 4 20
Fine......................... 3 50® 3 75
Clears.....................
4 20® 4 55 Com meal—
Straights................... 4 40® 4 65
Western, A c............ 2 90 ® 3 05
Patent, spring........... 4 60® 4 90
Brandywine........... 3 10 ®
[Wheat flour in sacks sells at prices below those for barrels.]
GRAIN.
W h eatSpring, per bush...
HRed winter No. 2..
Red winter............
White.....................
Oats—Mixed.. $ bu.
White.................. .
No. 2 mixed..........
No. 2 white............
o.
o.
85 ®1 06
99 ® 101%
85 ®1 03
92 ®1 02
34 ® 36
36%® 40
34%® 35%
33%® 38
Com, per bush.—
West’n m ixed. . . . .
Steamer No. 2......
West’n yellow.......
Western w hite. . . .
Rye Western, per bush.
State and Jersey..
Barley—No.2West’n.
State, 2 rowed . ..
State, 6 rowed.......
45 ® 47%
45%® 46%
46 ® 48
49 ® 52
92
92
68
56
67
® 94
® 94
® 69
® 58
® 70
499
E x p o r t s o p B r e a d s t u f f s f o r F e b r u a r y , 1892.—The fol
lowing, made up from the statement issued by the Bureau o f
Statistics shows the exports of domestic breadstuffs from
the under-mentioned customs districts o f the United States
for the month of February in 1892 and in 1891, and for eiehfc
months of the fiscal year 1891-92.
8
February.
Breadstuffs
Exports.
1892.
Quantities
Barley, bush.
112,363
New York.....
Boston...........
583
Philadelphia..
Baltimore.?..
New Orleans..
Pao. oust, dists.*
35,33»
Other eus. dists.t
8,708
Total, barley....
156,993
Corn, bush.
New York.........
¡,345,738
Boston.............
268,247
Philadelphia....
¡,502,631
Baltimore........
,707,607
New Orleans....
,595,546
Pac. cast, dists.
18,758
Other cas. dists.t 290,463
Total, c o m ...... 12,728,990
Oomrmeal, bbls.
New York..........
13,668
Boston..............
590
Philadelphia.....
21
Baltimore........
1,433
New Orleans......
80
Pac. cust. dists.*
Other cas. dists.t
2,279
Total, corn-meal
18,021
Oats, bush.
New York.....
57,242
Boston..........
192
Philadelphia..
92,43»
Baltimore....
60
New Orleans..
211
Pac. cost, dists.*
7,229
Other cas. dists.t 111,087
Total, oats....
268,460
Oatmeal, lbs.
New York.,...
474.029
Boston..........
1,791,190
Philadelphia.....
303,500
Baltimore....
82,696
New Orleans..
Pac. cust. dists.*
1,000
Other cus.dists-t 305,600
Total, oatmeal.. 2,958,015
Rye.bush.
New York..........
641,069
Boston..............
51,279
Philadelphia.....
Baltimore.........
20,436
New Orleans. ...
33,400
Pac. cust. dists.*
Other cus.dists.t
41,332
Total, rye...........
787,516
1891-92.
1891.
Qu’ntities
Eight Months.
Valve.
Quantities
*
Value,
t
61,904
1,175
1,096
669,986
20,195
25,955
422,144
15,214
” 20,764
19,049
6,096
33,239
24,987
1,436,172
16,738
929,236
11,718
90,249
34,414
26,083
2,169,016
1,399,076
1,344,458
145,489
1,813,413
2,378,819
797,188
13,859
138,864
307,140
127,123
177,143
290,230
274,211
9,340
229,532
193,857 15,237,395
83,112 3,275,649
111,902 9,560,878
185,027 11,258,068
160,630 2,975,069
7,656
77,089
123,260 2,692.690
9,595,48*
1,924,0675,117,339
5,950,605
1,601,436
70,298
1,528.958
200
6,633,090 1,414,719
44,295
1,563
69
4,018
14,297
2,993
5,832
1,136
120
870,464 45,076,833 25,788,187
45,732
104,228
378,653
7,826
40,120
121,458
948
3,746
5,530
27,462
85.706
32
87
313
2,738
" 17,419
41,498
61,858
190,264
631,374
1,927
11
55,947
20,369
22,696
90
36.975
29
94
3,606
44,40'
16,231
225
9,425
147
156
1,701
8,052
980
4,193
107,897
26,415
14,833
12,001
2,734
96,000
57.280
48,682
9,105
2,481
34
6,302
78,605
88
3,575,940
31,377
567,296
1,984
1,645
38,810
2,641,357
6,758,409 T ,795,644
108 1,963.320
2,880 10,277,126
1,432 1,431,140
2,419,456
3
665
208
146,300
573,320
56
5,600
161,670
1,522,10»
12,752
226,945
808
775
18.788
1,013,332
48,627
259,266
89,217
72,605
24
4,763
15.788
4,631 16,811,32'
440,290
665,989
46,228
5,495,304
156,669
5,481,617
135,217
19.889
26,350
885,799
415,930
167,168
2,374,518
852,216
358,644
146,401
2,146,326
40,555
799,011
9,495,408 9,120,421
Wheat, bush.
New York.......... 3,144,054 3,310,876 433,356 463,785 44,757,668 47,930,817
Boston................
567,819 583,526
51,702
52,800 2,839,199 2,922,060
Philadelphia.....
150,908
156,275
39,669
44,117 6,822,067 7,278,842
Baltimore..........
633,761
640,562
23.500
24,400 17,290,072 17,888,566
New Orleans...... 1,572,170 1,641,461
144,529
138,925 11,905.998 12,604,868
Pac. cast, dists.* 2,629,102 2,599,270 3,191,983 2,564,838 28,284,269 28,601,140
Other cus.dists.t
128,341
128,341
15,960
17,556 4,620,071 4,552,323
Total, wheat..... 8,826,155 0,063,311 3,900,699 3,304,491 116,519,312 121,778,621
Wheat-flov/r, bbls
New York...........
451,984 2,131,309 342,749 1,602,828 3,105,708 14,988,440
Boston...............
137,543 688,772
97,236
474,431 1,097,001 5,424,920
Philadelphia......
201,994 1,010,133
46,682 226,234 1,055,574 5,242,890
Baltimore..........
281,586 1,443,467
148,647 795,378 2,103.019: 11,005.740
48,720 208,353
New Orleans......
3,355
109,389
16,792
509,140
Pac. cast, dists.*
139,682 654,473
162,96?
647,243 1,109,535 5,328.539
Other cas.dists.t
152,243
890,373
55,114
304,731
992,954 5,634,182
Tot.,wheat-flour. M13.752 7,026,880 856.750 4,067,637 9,573.183 48,133,851
Totals.
New York...........
Boston...............
Philadelphia......
Baltimore..........
New Orleans ....
Pac. cast, dists.*
Other cus.dists.t
7,596,528
1,514,550
3,025,970
4,489,265
2,673,566
3,290,291
1,260,820
2,316,811
821,286
383,685
1,010,335
314,490
8,245,912
457,478
80,367,890
10,814,954
17,908,979
35,877,100
15,075,200
35,090,160
14,944,181
Grand total..
.... 23,850,990
8,349,997
........... 210,087,464
* Value of exports from Pacific districts for the month of February, 1892:
8an Francisco, California...... *2,026,205 !Puget Sound, Washington....... *130,881
Willamette, Oregon................ 978,749
------------Oregon, Oreg......................
154,458 | Total.................................... *3,290,291
+ Value o f exports from other customs districts for the month of Feb., 1692:
Newport News, Va..................*1,134,171 I Brasos, Texas........................
*7,038
Haron, M ichigan.................
74,955
------------Detroit, Michigan...................
44,056 | T ota l....................................*1,260,820
Note .—This statement Includes about 98 per cent o f the entire exports o f the
articles named from all ports o f the country.
The movement o f breadstuffs to market is indicated in the
statement below, prepared by us from the figures o f the New
The receipts o f flour and gram at the seaboard ports for the
York Produce Exchange.
We first give the receipts at
Western lake and river ports, arranged so as to present the week ended March 12, 1892, follow :
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye,
comparative movement for the week ending March 13, 18S2,
At—
bush.
bbls.
bush.
bush.
bush.
bush.
and since August 1, for each o f the last three years:
Naw Y ork .... .155,318 405,750 1,052,650 386,425 48,000 89,185
Boston...........
M on treal......
Wheat.
Corn.
Oats.
Barley.
Rye.
Philadelphia. .
Bbl*.196lb> Bush.60 lbs Rush.be lb» Bush.82 lbs BushAH lb Bu. 56 l’ > Baltimore.. . .
Ohloago.......
134,975
506,620 1,291,619
892,238
330,287
62,538 Richmond ..
Milwaukee.
46,001
225,250
11,600
98,000
138,150
19,980 New Orleans. .
Receipts at— Flour.
Duluth....... .
Minneapolis.
Toledo.........
Detroit.. .
Cleveland....
St. Louis....
P eiria.........
Tot.wk. '92
Same wk.’9l
Same wk.’90
Since Aug. 1.
1891-92......
1890-91......
1889-90....
1,525
4,381
5,006
31,155
4,650
527,783
1,163,270
55,100
91,818
28,009
200,669
10,000
133,800
7,795
4,830
815,800
148,803
5,900
18,161
28,782
113,305
122,000
2,300
19,373
11,430
43,400
26,400
11,312
2,200
227,699
163,244
195,193
2,808,525
2,210.999
1,563,109
2,414,214
2,340,870
4,709,300
1,285,836
1,676,733
1,350,027
.571,340
376,029
534,505
98,630
113,330
81,700
2,000
7,925,169 172,540,015 81,984,340 69,860,949 20,137,775 13,124,482
7,014,058 80,875,427 59,679,564 00,724,411 25,887,710 3,297,530
7,008,577 91,720,494 109,818,184 56,151,704 20,909,291 4,543,915
78,906
15,896
66,944
62,552
9,125
10,348
152,605 122,048
102,088
2,400
102,230 905,734
294,373 1,360,085
33,967
35,172
353,812 295,887
Total week 399,089 1,449,875 3,773,976
Cor. week ’ 91.251,747 363,048 879,805
6,605
217,922
70,455 14,690
130,803 40,000
63,000
864
59,110
27,204
585
4,642
5,000
20,553
150
2,500
954,919 110,159 122,615
667,477 31,739 12.047
Below are the rail shipments of flour and grain from
Western lake and river p >rts for four years:
F lou r....... .
1892.
Week
March 12.
..b b ls. 408,188
Wheat. . . . . . . ..bush. 1,229,530
C o m ............ . . . . . . . . 1,726,021
Oats.............. ............1,411,464
B a r le y .......
Bye...............
T o ta l. . . . ............4,824,882
1891.
Week
March 14.
322,435
1890.
Week
March 15.
335,523
1889.
Week
M irch 16.
231,571
741,044
1,270,921
1,176,353
211,789
73,357
358,652
3,307,421
1,265,807
279,226
65,363
603,215
1,033,014
698,327
293,862
59,716
3,473,464
5,276,463
2,743,134
THE CHRONICLE.
600
The exports from the several seaboard ports for the w efc
ending March 12, 1892, are shown in the annexed statement
Exports
from —
New York
Boston...
Portland.
Philadel.
Baltim’re
N. Orl’ns.
N.News..
Ri ohm’d .
Flour.
Corn.
Wheat.
Buah.
688,613
237,184
420
Bush.
573,426
86,260
164,993
571,596
386,000
719,231
683,902
236,192
Tot.week. 2,048,806 2,318,489
B’me time
1 8 9 1 ... 1 339,493 692,824
Bye.
Oats.
Bbls.
116,399
53,489
536
581
26,218
73,115
386
Bush.
10,546
Bush.
159,236
3a
37,000
270,724
10,576
196,236
240,139
2,315
Fea*Bush.
23,464
44,922
25,064
450
93,900
32,571
The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboar d
ports, March 12, 1892:
Bar ey,
Bye,
<7orn,
Oats,
Wheat,
bu
bush.
bush.
hush.
bush.
In store at—
44.000
512.000
New York.. . . . . . . 2,859,000 1,928,000 1,192,000
8,000 54.000
Do
a floa t..... 238,000_____
8,000
17.000
30.000
A lbany. . . . . . . . . .
............
19,000
29.000 121.000 244.000
Buffalo ............ 1,590,000
51,000
Do
a float.....
52,000
..................
‘ 85,000
C h ica g o ....... . . . 9,685,000 1,543,000 884,000 517,000
54.000
78.000
Do
a float....
1,083,000
999,000 93.000
10.000 • 59,000 208.000
Milwaukee..........
344,000
13,000
16.000
D u lu th ............... 9,271,000
............
Do
a float....
401,000
91.000
405.000 126,000
T oled o................. 1,403,000
30.000
36.000
23,000
7,000
D e t r o it ...........
619,000
40.000
40,000
O s w e g o ......__ _
72.000
164,000
2,000
3,277,000
Bt. Louis. ......... 1,358,000
Do
afloat...
47,000 193.000
206,000
2,000
44.000
Cincinnati........
7,000
8,000
6,000
90.000
77,000
B o s to n ...... . . . . .
142,000
8,000
............ 150,000
Toronto....... .
150,000
85.000
36.000
292.000
M on tre a l.........
584,000
885.000 500.000
Philadelphia.....
430,000
12.000
13.000
278.000 143.000
Peoria................
16,000
12.000
17,000 114.000
Indianapolis.....
16,000
10,000
16,000
103.000
Kansas C ity -....
548,000
Baltimore........
835,000 2,041,000 143.000 103,000
” 4,000
40.000
290.000
Minneapolis........ 8,859,000
16.000
178.000
On Mississippi...
241,000
17,000
On canal & river....................
[VOL. LIV.
The value o f the New York exports since January 1 have
been $2,645,273 in 1892 against $2,407,629 in 1891.
As noted above, brown and bleached cottons have ruled
irregular in price, with a reduced home demand. Exporters,
on the other hand, have purchased standard and three-yard
sheetings and drills with more freedom, agents showing
greater disposition to meet their views on prices. Flat-fold
cambrics, silesias and fancy linings are steady under the in
fluence of the print cloth situation. Colored cottons of all
descriptions are reported steady in price, with the current
demand and deliveries on back orders taking care of the pro
duction of the mills. Printers are closing up their spring
work on regular lines, duplicate orders for which are moderate
only, but there is still a demand for finer specialties. Wovenwash fabrics are also quiet at first hands, but jobbers have
done a good business in both printed and woven styles. Print
cloths are strong, with makers refusing bids under 3 % c . per
yard for 64 squares, in spite of the continued decline in
cotton. Being bare of stock and hqlding considerable orders
for “ futures,” they are quite independent of the course of
the market for raw material.
Tot. Mar. 12/92. 40,818,000 12,304,000 3,942.000 1,661,000 1,320.000
Tot. Mar. 5 /9 2 . 41,555,235 11,051,297 3,836,387 1,819,050 1,510,759
Tot. Mar. 14/91. 22,899,920 2,720,014 2,816,176 416,1711,863,36b
Tot. Mar. 15/90. 28,100,668 16,696,402 4,550,884 1,554,160 1,608,998
Tot. Mar. 16/89. 31,182,50116,647,438 7,510,455 1,582;455 1,723,447
THE DRY GOODS TRADE.
New Y ork , Friday P. M., March 18,1892.
1892,
1891,
1890.
Stock o f P rin t Cloths—
March 12,
March 14. March 15,
Held by Providence manufacturers.
1,000
376,000
324,000
Pall River manufacturers
.......
9,000
216,000
55,000
Outside speculators (eat)............... .
None.
None.
None.
Total stock (pieces). . . . . . . . . . . . . .
10,000
592,000
379,000
since last report has been
irregular, and in the aggregate of very moderate dimensions
for men’s-wear woolens and worsteds for suitings and trousersings. Overcoatings, on the other hand, continue in very fair
demand, with manufacturers well placed with orders. Sev
eral lines of worsteds have been withdrawn during the week,
agents having covered their mills’ output, while there are
other agents so placed that they are disposed to make things
easy for buyers rather than miss trade.
This is the case
mostly in lower-priced styles, fine makes having had the pref
erence of late. Cloakings are being fairly well ordered for
autumn delivery, spring business being now virtually over.
Flannels and blankets are very quiet, but in carpets orders
are still keeping ahead of expectations. All-wool and worsted
dress goods were quiet at first hands, but jobbers have done a
large business, helped, however, by a number of drives of
more or less importance in cheviot and homespun styles.
F o r e ig n D r y G o ods . —Like the domestic market, business
in thi? ‘'ranch has been quieter, and such as was passing
savorea more of the jobbing order than of larger style
of business. In some degree this has to be attributed to the
counter attractions of the auction rooms, where large sales
of imported embroideries, pearl buttons, Sea ., have been in
progress. The main features o f the market are unchanged
otherwise since last report.
D om estic W
o o l e n s . —Business
Business at first hands has been on a moderate scale only
I m p o r t a t io n « o f D ry G o o d « .
during the past week. Buyers have attended in smaller
The importations of dry goods at this port for the week
n u m bers, and their requirements have shown a tendency to
ending March 17, 1892, and since Jan. 1, and the same facts
shrink rather than expand. Deliveries on account of back for the corresponding periods o f last year are as follows:
orders continue large, but from present appearances a num
2
g
g
ft 2
g
ft g
ber of the best placed manufacturers must be coming within
§
2 05 £¿2. © H
view of the time when existing engagements will require to
S g Sift© c*
2 $
I s s i li
O
SfSO tt
P\
p
be freely supplemented in order to prevent accumulations.
2 s> na• - p - e►
j Eo •
The less fortunate are already moving to keep stocks down
o;
p :•
a
®
by offering concessions to buyers of staple lines. The market
d;
P•
for brown and bleached cottons may with this week’s experi
B:
B:
>d :
ence be divided into two sections, one comprising popular
brands mostly under orders ahead for varying periods and
MMMMOD
<IO tO 05 tO CO
steady to firm in price, the other covering a large number of
-5 GO COC*MCOCO
« (V
odcomodai
5CDCOr-*OD
^lO 0
SJU C*O<1C*GO
MOMOCD
tickets selling purely on their merits in full supply and weak.
H CO CO O tO <1 M
>->to
w
M
In the first there is an occasional instance o f a slight advance
to to <1COCO
COM CONOCOc*
in price, in the second there is a considerable amount of quiet
ao
0
5
a
o
C
O
O
O
C
*O
C
O
COO MpoaoM
COMCOCOM-66
COC*05^Q0
C0<1
OCS»
trading at price concessions by both agents and jobbers. As
bMVibco
tooobc**-*
COO^JCO
M<l O
MC*MQDM
•s] CO COCO 05
J'CDCOCOM
these latter have an increasing tendency the market is so far
too C
COCOor COM
C*MMCDC*
OCO^3COM
O
C
O
worse in tone than it was last week. The general jobbing trade
continues good, but not up to what it was two weeks ago.
to
LOto toc* co oc*
The height of the season has evidently been reached in the
COCO
C*<1C0C*M
C*^l C*OOOMto
OC*<I
c*b <|CO
jobbing trade, but a considerable business is still expected—
CO <
1to050
COM COto to CO
O 00COto
CO^l oo
M tO 00 C* M
<1C0
m c*co to
more, in fact, than during the period last year with which it
•*JCO
will compare. Financial conditions are satisfactory, collec
to
CO CO OD M C *
MpJOM
0^3
tions ruling regular in most sections of the country.
<Kobbc*
COOMM 05
05 CO
OtO
oto COOCM
O 0CO M M Q O 66
<
1
M
o
oo
c*
to
05
05
05
to
C
O
M
tO
M
D om estic C otton G o o d s . —The exports o f cotton goods
M OCO<1<1
o p MOWpco
oco COto to ODCO
bbcoc*co
tOOD
to
M
b
C
O
M
from this port for the week ending March 15 were 11,289
toco t00005C0 05
O5M Q0
M
05COMO
M
<1M
C
fc
M
C
*
C
O
M
<
1
M
CO O tO 05 M
M
C
O
C
*
05
tO
tO < l
packages, valued at $494,591, their destination being to the
to00 H 05 CO ^ c *
points specified in the table below:
05M M M M
btobooto
$3
C*C* M ^M ^^
MMCOM
C*M
1892.
1891.
CO c o t o n i t o
l
New Y o r k
to
March 15.
COOD
Week. Since Jan. 1.
Week. Since Jan. \.
136
5
6,662
350
1,719
53
444
43
263
1,443
171
1,006
452
23,986
1,982
2,523
3,898
3,985
1,060
1,597
10,319
748
122
18
994
80
922
1
293
117
88
675
12
1,084
390
22,985
3,735
2,557
236
3,113
577
1,534
7,559
330
11,289
200
51.556
3,600
3,322
44,100
8,050
11,489
55,156
T o t a l................... ...................................
From New England mill points dlreotT
3,322
Great B ritain....
Other European.
China...................
India....................
Arabia...............
A f r ic a ............
West Indies....... .
Mexico....... .
Central America.
Bouth America.. .
Other countries..
Total...................... .
China, via Vancouver.
52,150
to to
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THE CHRONICLE.
M a r c h 1 9 ,18i2.j
S ta te
a w b
C it y
B m
i m
m
i T ,
TERMS OF SUBSCRIPTION.
Com m ercial and Financial C H R O N IC L E con
tains 40 to 64 pages published every week.
State and City Supplement of C H R O S IC L E con
tains 184 pages published several times each year.
Investors’ Supplement of C H R O N IC LE (a Cyclo
paedia of Railroad Securities) contains 160 pages published
every other month.
Subscriptibh to CHRONICLE fo r one year $10.00,
which includes every issue of both S u p p l e m e n t s .
T h e purpose o f this State and City D epartm ent
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible. Hence if every Subscriber will note in his S u p p l e
m en t on the page designated at the head o f each item a
reference to the page where the item in the C h r o n ic l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
C IT Y D E B T REPORTS CORRECTED TO DATE.
The municipal debt reports which we give this week,
corrected to date, are from the cities of Providence,
R. I., Cambridge, Mass., and Troy, N. Y . The table
of loans in each case shows the details of every out
standing bond issue of the city.
Since the first of this year Providence has sold bonds
to the amount of $1,000,000. Of the proceeds of this
new loan $500,000 will be used for sewer construction
and $500,000 for park improvement. The bonds
mature in 1922, and a sinking fund providing for their
payment is to be created by an annual appropriation
of $20,000. With this new loan the increase in the
city's net debt since October 1 1890 is $2,211,265.
The total debt figures for the city of Cambridge as
given for [December 1 ¡¡1891 and December 1 1890
show an increase in net municipal and water debt of
$101,565 during the last fiscal year. The debt of Troy
during the fiscal year ending March 1 1892 was in
creased by only $64,627.
P R O V ID E N C E , R . I .— Mr. William H. Potter was installed
as Mayor of Providence on January 4 1892. Tbe city is situated in
Providence County, which has no debt. In addition to the obligations
described below, Providence guarantees certain bonds of the Provi
dence & Springfield R. R. This road is- leased to the New York & New
England R. R. Co., and interest on its bonds is paid from rental.
,— Interest.— ,
Amount
LOANS—
Bate
When
Principal,
OutstandNAME AND PURPOSE.
P. Ot. Payable. When Due.
ing.
City HaU and sewer.................& 5 g J & J July 1,1895 $1,397,250
do
do
1879. c&r 4 ^ J & D June 1, 1899
600,000
Davis estate loan....... 1891c&r 4g. J & J July 1, 1909
75,00#
Park lo a n ....................1892.c&r 4g. M & S Mar. 1, 1922 500,000
Pubfic improvement................ r 5
J & J July 1, 1899 450,000
do
do
1879
r 5
J & J July 1, 1900
146,000
School loan, .............1891. c&r 4g. J & J July 1, 1911
300,000
Sewer loa n ,................ 1891.c&r 4g. J & J July 1, 1921 1,125,000
do
..................... 1892.c&r 4g. M & S Mar. 1, 1922 500,000
War, 1863.............................. c&r 5
J & J Jan.
1, 1893 300,000
Water, gold.................
c&r 6 g J & J July
1, 1900 820,000
do
gold........................... c&r 5 g J & J July
1, 1900 3,180,000
do
gold................1876.c&r 5 g J & J July
1, 1906 1,500,000
do
........................ 1886.c&r 3*2 M & S Sept. 1, 1916 483,000
PAR VALUE OF BONDS.—The coupon bonds are for $1,000; the
registered bonds for $1,000 and multiples.
IN TER EST—WH ERE P A Y A B L E —Interest on the bonds is paya
ble as follows:
rwi V'Title o f Loan
Interest, where payable.
City HaU and sewer sterUng 5s___ London, Morton, Bose & Co.
do
do 4 ^ 8 ........ 1879 Boston, Nat. Revere Bk., and Prov.
Davis estate loan, due 1909.........N. Y., Nat. City Bank, and Prov.
Park loan....................................... N. Y., Nat. City Bank, and Prov.
Public impr’nt 5s, due 1899&1900 Providence, City Treasury.
War 5s, due 1893............................. Providence, City Treasury.
School loan, due 1911....................N. Y., Nat. City Bank, and Prov.
do
do
Sewer bonds........ . ................. .........
Vi'
-, QAA
f Boston, National Revere Bank.
Water 5s and 6s, due .1900............{ N. Y., National City Bk., and Prov.
[do 5s, due 19 0 6 ........................ New York, Nat. City Bank, & Prov.
do 3^28, due 19 1 6 ...................
do
do
501
T O T A L DEBT, SINKING FUNDS, E t c .—The subjoined statement
shows Providence’s total municipal debt, the sinking fund held by the
city against the same, the water debt, and the city’ s floating debt, on
the first of October of each of the last two years and on March 4,1892.
Mar. 4 1892.
Oct. 11891. Oct. 11890.
Bonded debt (incl. water d’t).$ll,376,250
$10,776,250
$9,091,250
Floating d eb t......................... 1,700,000
1,598,693
1,528,693
Total debt......................... $13,076,250
Sinking funds, etc................. 2,648,006
$12,374,943 $10,619,943
2,669,302
2,402,964
Net d eb t.................................. $10,428,244
$9,705,641
$8,216,979
Water debt (included above). $6,603,000
$6,553,000
The notes representing the floating debt on March 4 1892 were is
sued for and are chargeable to the following accounts:
Brook Street district....................................................................
$63,000
Filling cove b a sin .......................................................................
270,000
Sew erage............................................................. - ......................
63,000
Washington bridge.................................................
124,000
Water works construction.........................................................
295,000
Water works construction, fruit hill line and reservoir........
325,000
Special highway loan.................................................................
560,000
Total..........................................................................................$1,700,000
Of the total floating debt, as above stated, part will be funded and
part will be provided for by the sinking funds and by the sale of public
lands.
SINKING FUNDS.—Dy city ordinance all sinking fund income is
required to be invested in the city’ s bonds or notes, in State of Rhode
Island bonds, or in United States bonds. The city’s bonds to be can
celed to prevent re-issue.
The loans, for the redemption of which sinking funds are held by the
commissioners, and the amounts of the sinking funds March 4 1892
are shown by the following table:
War loan, due in 1893...................
$456,383 80
907,651 07
City hall and sewer loan, due in 18 9 5..................................
City hall and sewer loan, due in 18 9 9..................................
335,145 93
Public improvement loan, due in 1899.................................
217,964 27
64,476 53
Public improvement loan, due in 1900................................
Water loan, due in 1900-1906...............................................
564,261 79
Water loan, due in 1916..........................................................
74,623 74
Davis estate loan due in 1909...............................................
1,264 67
School loan due in 1911...................
5,054 56
19,087 87
Sewer loan due in 1921.........................................
Brook Street district sinking fund.........................................
2,092 16
Total sinking funds March 4 1892 .................................$2,648,006 39
W ATER W O RK S .—The water works construction account to Oct «
1 1891 amounted to $6,064,736 27.
In year 1890-91 income from
water rents was $401,948 34 ; cost of maintenance $80,288 36 ; inter
est on water loans $300,105.
DEBT LIMITATION.—The city’s net debt (i. e., after deducting
sinking funds) is limited by law to 3 per cent of the assessed valuation.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follows, real estate being assessed at “ about twothirds cash value
Bate o f
Total
Tax per
Amount
Beal
Personal
Valuation. $1,000.
o f Tax.
Tears. Estate.
Property.
1891.$109,428,720 $37,473,120 $146,901,840 $15-00 2,203,527 60
1890. 104,684,440 35,932,620 140,617,060 15-00 2,109,255 90
1889. 102,850,100 37,627,240 140,477,340 15-00 2,107,16010
1888. 100,924,720 35,837,840 136,762,560 15-00 2,051,438 40
1887. 99,779,580 34,267,680 134,047,260 14-50 1,943,685 27
1880. 88 , 012,100 27,908,900 115,921,000 13-50 1,564,933 50
93,076,900 13-50 1,256,53815
1870. 52.511.800 40,565,100
58,131,800
5-60
325,538 08
1860. 37.089.800 21,042,000
The tax rate in 1891 of $15-00 included State tax $2-20 and city
tax proper $12-80.
POPULATION.—In 1890 population was 132,043; in 1880 it was
104,857; in 1870 it was 68,904.
C A M B R ID G E , MASS.—Mr. A. B. Alger is still Mayor o f
Cambridge and the following passage is quoted from his inaugural
address of a year ago. “ The value of the real and personal estate
owned by the city is estimated at more than sufficient to liquidate its
total indebtedness.”
Cambridge is in Middlesex County.
Amount
,— Interest.— OutstandPrincipal,
Bate
When
LO AN Sing.
When
hue.
Ct.
Payable.
P.
NAME AND PURPOSE.
$10,000
A & 0 Oct. 1, 1917
Bridge loan................... ..1887 4
100,000
J & J July 1, 1918
do
do .................. ..1888 4
100,000
M & s Sept. 1, 1918
do
d o ............— ..1888 4
115,000
M & H Mch. 1, 1919
do
d o ............— ..1889 4
5,000
M & N Nov. 1, 1920
do
do .................. ..1890 4
J & J July 1, 1901
15.000
do
do ................ . ..1891 4
60.000
J & J July 1, 1921
do
do Harvard... ..1891 4
150,000
City bonds..................... ..1863 5 g J & .1 Jan. 1, 1893
J & J July 1, 1893
10,000
Land loan..........................1873 6
83,000
F & A Aug. 1, 1898
do
d o .................... ..1888 4
200,000
A & O Apr. 1, 1895
Municipal bonds........... ..1885 4
100,000
J & .) July 1, 1893
Paving............................ ..1873 6
130.000
J & J July 1, 1894
do
........................... ...1874 6
25,000
J & J July 1, 1895
do
........................... ...1875 6
100,000
M & N- May 1, 1900
School house.................. ..1890 4
100,000
Jan.
1,
1901
4
J
&
.1
do
do
...................1891
50,000
J & J July 1, 1901
do
do
................ ..1891 4
20,000
A & O Oct. 1, 1895
Sewer.......................... ..1875 6
29,000
J & .1 July 1, 1896
do .............................. ..1876 6
July
1,
1903
136,000
J
&
J
do ............................. ..1873 6
295,000
J & J July 1, 1904
do ............................. ..1874 6
J & J July 1, 1905
144,000
do ............................. ..1875 6
M & N Nov. 1, 1907
30,000
do ............................. ...1887 4
M & N Nov. 1. 1909
22,000
do ................................1889 4
M & N May 1, 1910
15,000
do ................................1890 4
J & J July 1, 1911
15,000
do ............................ ....1891 4
25,000
do ................................1886 m M & N Nov. 1, 1896
J & J July 1, 1893
13.000
Street loan............. ....... ...1873 6
J & J July 1, 1903
10.000
Street widening.......... ...1873 6
J & J July 1, 1904
90,000
do
do
.......... ...1874 6
14,000
do
do
.......... ...1875 6
J & ,1 July 1, 1905
8,000
J & J Nov. 1, 1899
do
do
.......... ...1890 4
A
4
F
&
Aug.
1,
1905
65,000
Cemetery....................... ...1885
W s*
102
TH E
CHRONICLE,
LOANS—
/— Interest,— , ,------------Principat-----------NAME OR PURPOSE.
P. Ot. Payable. When Due. Outstand'g.
W ater...................................1872 6
J & J July 1, 1892 $335,000
A & O Apr. 1, 1894
150,000
do ................................. 1874 6
do .................................1875 6
A & O Apr. 10,1895
160,000
do ................................. 1876 6
J & J July 1, 1896
103,000
do ................................. 1877 6
J & J July 1, 1897
16,000
do ................................. 1878 5
J & J July 1, 1898
12,500
do . . . . . . . . . . . .................1884 4
M & N Nov. 1, 1894
36,000
do .......
1887 4
A & O Oct. 1, 1907
90,000
M & N Nov. 1, 1907
22,000
do ................................. 1887 4
do ................................. 1888 4
J & J July 1, 1908
46,000
do ................................. 1888 4
F & A Aug. 1, 1908
25,000
do .......
1889 4
J & J July 1, 1909
20,000
M & N May 1, 1910
288,000
do ................................. 1885 4
do ................................. 1890 4
J & J July 1, 1910
75,000
do .................
1890 4
M & S Sept. 1, 1910
125,000
do ................................... 1891 4
J & J Jan. 1, 1911
20,000
do
............................ ..1891 4
A & O ©ct. 1, 1911
35,000
do ................................. 1886 3*2 M & N Nov. 1, 1906
43,000
do .................
1886 3*2 A & O Apr. 1, 1911
100,000
do ...........
....1 8 8 6 3*2
J & J July 1, 1911
75,000
INTEREST-WHERE PA Y A B L E —Interest on all the bonds is
paid at the National Bank of Redemption, Boston.
TOTAL DEBT, SINKING FUNDS, E t c .— The subjoined statement
shows Cambridge’s total municipal debt, the sinking fund held by the
city against the same, the water debt and its sinking fund on the »first
o f December of each of the last three years.
1891.
1890.
1889.
Total funded debt..................... $2,294,000
$2,044,000
$1,944,000
Sinking fu n d s ...........................
651,827
549,906
483,060
Net municipal debt Dec. 1 .. $1,642,173
Legal debt limit.......................... $1,664,435
Water debt (additional)............. $1,776,500
Sinking funds.............................
814,319
$1,494,094
$1,629,805
$1,771,500
765,755
$1,460,940
$1,533,336
$1,631,500
728,658
Net water debt.................... $962,181
$1,005,745
$902,842
The sinking fund for the ten-year loans receives yearly 8*2 per cent
o f the amount of outstanding bonds, for the twenty-year loans the sink'
ing fund receives 3 * 2 per cent yearly, and for the thirty-year loans 2
per cent.
CITY WATER WORKS.—The city’ s water works are valued at
$3,133,349. In year 1888-89 receipts from water rates were $224,300;
for maintenance, $42,603; interest, $84,735; sinking funds, $55,007.
DEBT LIMITATION. —The general limit of net indebtedness (ex
clusive of water debt) for Massachusetts cities and towns is 2 * 2 per cent
o f the average assessed valuation for the preceding three years. As is
shown in the above statement of total debt the borrowing capacity of
Cambridge for 1892, according to this law, would be $22,261. The
Legislature, however, has allowed this city an exemption of $400,000
on account of the Harvard Bridge and avenue loan, and with the ad
dition of this amount the borrowing capacity for 1892 becomes $422,
261.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate at various periods have been as follows, real estate being taken at
about cash valu e:
Meal
Personal
Total
Mate o f Tax
Tears—
Estate.
Property.
Valuation, p er $1,000.
1891................... $54,126,400
$16,445,270
$70,581,670 $15-50
15,339,925
67,574,925
15 60
1890................. 52,235,000
1889................... 50,324,175
14,960,100
65,284,275
16-00
1888................... 48,420,600
14,296,740
62,717,340
15-00
1885................... 42,588,300
12,758,255
55,346,555
15-50
1880................... 37,929,400
11,699,660
49,629,060
16-00
PO PU LATIO N .—In 1890 population was 70,028; in 1880 it was
52,669 ; in 1870 it was 39,634.
LOANS—
NAME AND PURPOSE.
do
do
40
[Y o u LIV.
-— Interest.— , ,------------- Principal.-------------s
P. Ct. Payable. When Due.
Outstand'g
3 M& S
Sept. 1, 1904
$16,000
do
3
do
do
1891. 3
do
do
3
Troy police force b on d s...r 4
J&T>
^ $ l o ‘ooo9yeariy}
J & D
June 15,1908
J & D
Dec. 1, 1909
F & A Aug. 1 5 ,’9 3 & ’94
4 0,000
10,000
8,000
13,862
W a t e r W o r k s B o n d s :—
Issue of May 1 ,1 87 9 ....... o* 5
M & N M a yl,’92tol902
a6O,OO0
Maturing $2,000 each even year.
do
Aug. 1 , 1879.C* 4i« F «St A Aug. 1,’92-1904
d37.500
Maturing $7,500 every third year from 1892 to 1904.
do
do
c* 48s F & A A u g .l,1 9 0 7 -’ 19
40,000
Maturing :p8,000 every third year from 1907 to 1919April 1 ,1 8 8 0 .c* 3*2 A & O } A^ -ik A 8£ 1„ t? ’9 9 1 b45,000
do
$5,000 yearly. 5
do
do
c* 3*2
& O
Apr. 1, 1900
blO.OOO
do
do
o* 3*2
& O
Apr. 1, 1901
b l0 ,0 0 0
Aug.
1’91
to
1900
)
do
.August 1,1881.0’ 3ia F & A Í $5,000 yearly, i b50,000
11910 to ’ 19)
do
May, 1883.0. 3ifl M & n |May
$5,000 yearly. 5 b50,000
do
June 1 , 1884.r 4
J & D C June 1, 1903
c5,000
do
do
r 4
J & D
June 1, 1904
c5,000
do
do
r 4
J & D June 1 ,1905-’09
c 40,000
Maturin, $10,000 yearly, omitting 1907.
Issue of Novem. 2,1885 r 3ia M & N
Nov. 1, 1911
a$5,000
do
do
r 3is M & N
Nov. 1, 1912
a5,000
do
do
r 3*« M & N
Nov. 1, 1914
a7,500
do
do
r 31« M & N
Nov. 1, 1915
a7,500
do
do*
r 31a M & N
Nov. 1, 1917
a l , 000
a Bonds for $1,000 each, b Bonds for $5,000 each .. c Bonds fa t
$10,000 each, d Bonds for $500, etc. y Bonds for $1,000 and $10,000»
INTEREST—WHEREJPAYABLE—Interest is paid at office of City
Chamberlain.
TOTALJDEBTjISINKING FUND, Et c .—The subjoined statement
shows Troy’s total municipal debt, the sinking fund held by the city
against the same, and the water debt, on the first day of March of each
of tbe last three years.
1892.
1891.
1890.
Total funded d e b t..................
$896,479
$820,120
Sinking funds, cash, etc___ . . . . 57,618
54,443
70,387
Net debt on March 1............. ....$923,100
Water debt additional........... . . . . 368,500
Sinking funds, etc............... . . . . 46,362
$841,036
378,500
39,119
$749,732
393,500
37,126
Net water debt......................... ....$322,138
$339,381
$356,374
WATER WORKS BONDS.—The water works bonds were issued
under the authority of the laws of the State of New York and pursuant
to resolutions of the Common Council at various times. With reference
to the issue of May 1, 1879, the Water Commissioners agree to pay
annually to the sinking fund therefor $4,000 out of water rents and in
addition to pay the interest on the bonds. For the issue of August 1,
1879, they agree to pay yearly $7,000 to meet the principal and interest,
and in like manner for the issue April 1,1880, $7,000 yearly to pay
principal and interest. A sinking fund was thus created for these three
classes of bonds.
“ The bonds of later dates were also issued upon the understanding
that the Water Commissioners should pay annually out of the taxable
water rents of the department a sum sufficient in the aggregate to
pay the interest of the bonds, and also the principal thereof, in such
amounts, and at such dates, as the principal and interest should become
due and payable. The sums thus provided for are annually set aside,
by the Water Commissioners and also upon the books of the Comp
troller and Chamberlain, for the purpose of meeting the principal a n t
interest of all these bonds as they respectively become due.” —[C i t y
C o m p t r o l l e r .]
T R O Y , N . Y .— Mr. Dennis J. Whelan still officiates as Mayor
of this city. Troy is situated in Rensselaer County, and .s responsible
for about one-half the county debt, which in 1891 amounted to
$485,000.
.— Interest.— .
Amount
Bate
When
Principal,
OutstandLOANS—
P. Ct. Payable.
Whkn Due.
mg.
NAME AND PURPOSE.
1VT A
r s 5Sept.l,’92 tol8 9 6 ; e$100,000
Bonds (funding)....1 8 6 8 c 6
M
&
M
s i $20,000 yearly. ;
M & s'
do
do
c 6
Sept. 1, 1897
c l 0,000
1,’92 to 1896;
do
(funding).1869 0 7
J & J . July
$20,000 yearly. | ylOO.OOO
J & J
do
do
do
0 7
July 1, 1897
yl0,000
do
(renew.).1877 c* 6
J & D
June 1, 1892
y5,000
do
(renew.),1878 c* 5
J & J July 15,’92 to’94
a7,000
Maturing $2,000 or 1
J & D
do
1884 C 4
June 2, 1897
do
blOjOOO
0 4
J & D Jne 2,’98to’ 1904 bl60,000
do
do
Maturing $20,000 or $:
Aug. 12,1897
do
do
T887 r 3*2 F & A
5.000
Aug. 12,1898
do
do
r 3*2 F & A
15.000
do
do
r 3*2 F & A
Aug. 12,1899
20.000
Aug. 12,1900
do
do
r 3>a F & A
4.000
1 2,1905-’0 7 ;
do
do
r 3*8 F & A •;’ Aug.
30.000
$10,000 yearly. 1
do
do
1887 r 3*2 J & J
July 11,1907 f alO,000
1876c 6
J & J July 1 ,’92-1901
City ball bonds
28.000
Maturing $2,000 or $3,<)00 each year.
M & S ] Sept.20,’98-1909) bl20,000
Public building,.. ...1884 r 4
$10,000 yearly. \
M & S' Sept.20,1910
r 4
do
do
bl5,000
M & N
1886 r 4
Nov. 20,1911
do
do
d l l , 500
A & O
1889 r 3
Oct. 19, 1897
do
do
4.000
A & O
r 3
Oct. 19,1899
do
• do
20,000
;
Oct.
19,1900—
’02;
A & °i
do
r 3
do
18,000
$6,000 yearlv. «
F & A
Feb. 1, 1911 '
do
do
’ 1891. 3
2,605
1891. 3
J & D
June 1, 1910
do - do
6.000
do
’ 1891. 3
J & D
June 1, 1911
do
6,000
Public Improvement, 1891. 3*2 J & D
Dec. T, 1910
15.000
Dec. 1, 1911
do
do
1891. 38i J & D
20.000
do
Dec. 1. 1912
do
1891. 3*2 J & D
30.000
1891. 3
M & S
Sept. 1, 1900
do
eo
10.000
........ 3
M & S
Sept. 1, 1901
do
do.
10,000
........ 3
M & 8
do
Sept. 1, 19 D2
do
20,000
........ 3
M & S
Sept. 1, 1903
do
do
20,000
do
1891. 3
J & I)
June 15,1905
do
10,000
do
1891. 3
June 15,1906
do
J & D
10,000
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate have been as follows, property being assessed at about full value
since 1885:
Real
Personal
Total Assessed Rate o f Tax
Years.
Estate.
Property.
Valuation, per $1,000.
1891.....................$42,060,698
$5,192,485
$47,253,183
$19-80
1890..................... 41,850,296
5,198,000
47,048,296
18-45
1889..................... 42,690,102
5,491,320
48,181,422
19-11
1888..................... 42,454,445
5,598,427
48,052,872
17*20
The tax rate in 1891 includes State and county tax $6-20 and city
tax proper $13-60; total $19-80 per $1,000. The city tax in 1889
raised $577,967, against $528,321 in 1888, the water rents additional
being $63,064, against $71,134 in 1888.
POPULATION.—In 1890 population was 60,956; in 1880 it was
56,747; in 1870 it was 46,421.
V irg in ia Debt.—The Bondholders’ Committee have given
notice that further deposits o f the obligations of the State o f
Virginia will be received by the Central Trust Company of
New York, Brown. Shipley & Company of London, the Mer
cantile Trust & Deposit Company of Baltimore ; and the
Planters’ National Bank of Richmond, for a limited period
without penalty. The penalties which have already been col
lected will be returned upon application. It is also stated
that the Commission on Distribution will take action after
the books of the committee are closed. For further particu
lars see advertisement elsewhere in this paper.
B o n d Proposals and Negotiations.—We have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Arizona.—(S t a t e a n d C i t y S u p p l e m e n t page 144.) - Ari
zona 5 per cent gold bonds to the amount of $1,500,000 have-.
been sold to Farson, Leach & Co. of Chicago. The bonds are-
March 19,1892.}
THE CHRONICLE.
603
20-50s and will be listed on the New York Stock Exchange. sewer bonds of the city of Fall River to the amount of $50,000.
They are issued for the purpose of funding all the floating The bonds will be for $2,500 each, and will mature one each
indebtedness of the Territory, including that incurred by beginning with April 1, 1893.
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 51).—
counties, school districts and towns. This is the largest
Proposals will be received until March 29 for the purchase of
tingle bond issue ever purchased by a Chicago house.
Athens, G a . - (S t a t e a n d C i t y S u p p l e m e n t , page 170.)— 4 per cent bonds of the village of Flushing to the amount of
A t an election held on March 10 in this city an issue of bonds $20,000. The principal of these bonds will be payable $1,000
to the amount of $ 25,000 was authorized. The result was per year for twentv years.
G e o r g i a .— (S t a t e a n d C i t y S u p p l e m e n t , page 169.)—Bids
within three votes of being unanimous.
will be received until April 2 1892 for State bonds not to ex
Brooklyn, 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 48). ceed $207,000 in amount and bearing interest which shall not
—Bids will be received until March 23 for $640,000 of 3)^ per exceed 4 per cent per annum. Bonds will be dat**d May 1
cent bridge bonds of the city of Brooklyn. The bonds will I 1892 and will mature January 1 1922, interest payable Janu
full due as follows.
, „
ary and July.
$40,000................January 1, 1922 1100.000...........................January 1,1929
lOOloOO............. January 1, 1926 I 100,000...........................January 1.1930 Henry County, Mo.—(S t a t e a n d C i t y S u p p l e m e n t , page
120.)—The
Treasurer of Henry County is offering for sale $50,100.000 ............ January 1, 1927 100,000.......................... January 1,1931
.
100.000 ............. January 1. 1928 I
000 of 5 per cent 20-vear Court House bonds. Bids for the
For particulars of sale see advertisement elsewhere in this same will be received until April It, 1892.
Department.
Holbrook, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 26).
Cook County, 111.—(S t a t e a n d C i t y S u p p l e m e n t , page A bill is before the Massachusetts Legislature to authorize this
99.)—The entire issue of Cook County 4 per cent refunding town to issue water bonds to the amount of $35,000.
bonds, amounting to $1.350.000, was awarded to the first
Maryland.—(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
National Bank of Chicago. The bid made by the Bank was stock of the State of Maryland issued under the acts o f 1874
100 064, less 2 per cent commission. A t the same time the will be paid at the offi-e o ’ the State Treasurer on and after
Bank agreed, if their bid was accepted, to undertake the re April 12. 1892. Interest will cease on April 20, 1892.
tirement of the maturing 7 per cent bonds without charge.
Meriden, Conn.—(S t a t e a n d C i t y S u p p l e m e n t , page 41.)
Cumberland, Md.—(S t a t e a n d City S u p p l e m e n t , page 80.) —Meriden has sold $40,000 of 4 per cent 20-year bonds. The
—Bids will be received until March 26 for $90,000 of Cumber price received was par and a premium of $300.
land 5 per cent gold bonds, payable on April 1 1922. See ad
Omaha, Neb.—(S t a t e a n d C i t y S u p p l e m e n t , page 128.)—
vertisement elsewhere in this ' Department.
The Omaha 5 per cent 20-year City Hall bonds to the amount
Dover, N. H.—(S t a t e a n d C i t y S u p p l e m e n t , page 15.)— of $175,000 were awarded to Messrs. N. W. Harris & Co.
City Hall bonds bearing interest at the rate of 4 per cent are
Plymouth, Pa.—(S t a t e a n d C i t y S u p p l e m e n t , page76.)—
offered for sale by the Treasurer of Dover. For particulars New paving and grading bonds to the amount of $15,000 will
see advertisement elsewhere in this Department.
be issued bv the city of Plymouth this vear.
Randolph, Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page 31).
" Dubuque, Iowa.—(S t a t e a n d C i t y S u p p l e m e n t , page 116.)
—The City Treasurer has been instructed to call in bonds of the —A bill authorizing an issue of water bonds to the amount of
paving loan issued December 11891, to tho amount of $10,000. $25,000 is before the Massach usetts Legislature.
The numbers called are from 73 to 92, inclusive, and interest I *cra n too, Pa.—(S t a t e and Cit y S u p p l e m e n t , page 76.)—
City of Scranton 4 ^ oer cent bonds to the amount of $90,UUU
will cease on April 1 1892.
F all River. Mass.—(S t a t e a n d C i t y S u p p l e m e n t , page have been awarded to the Equitable Mortgage Company of
_______
25 .—Proposals will be received until March 28 for 4 per cent New York.
N E W LOANS.
N E W LOANS.
TVEPARTMENT OF FINANCE,
”
PROPOSALS FOR A LOAN OF
COM PTBOLLER’ 8 OFFICE, C IT Y H A L T , )
B r o o k l y n , March 10,1892. >
The undersigned will receive sealed proposals at
this office until Wednesday, March 23, 1892, at 12
o’clock noon (at which time they will be opened),
for the purchase o f the whole or any part o f the fol
lowing loan, viz.:
$ 6 4 0 ,0 0 0
Three and one-half per cent New York and Brook
lyn Bridge Bonds. Registered.
$40,000 payable January 1, 1922.
100.000 payable January 1, 1926.
100.000 payable January 1. 1927.
100.000 payable January 1, 1928.
100.000 payable January 1, 1929.
100.000 payable January 1, 1930.
100,< 00 payable January 1, 1931.
Said Bonds are to be issued under the provisions
of Section 4 of Chapter 128 o f the Laws o f 1891 as
amended by Chapter 76 of the Laws of 1892, and are
exempt from taxation, by the City o f Brooklyn and
the County o f Kings.
Payment of purchase money to be made March 25,
189'.', at which time the Bonds will be dated.
Interest payable January and July o f each year.
Propos Is must state the price offered, the descrip
tion of bonds desired, and be endorsed " Proposals
for Bonds.”
The right is reserved to reject any or all bids not
deemed for the interest o f the city.
THEO. F. JACKSON,
Comptroller.
$ 5 0 0 ,0 0 0
City of Spokane, Wash.,
2 0 -Y E A R 6 P E R CENT
N E W LOANS.
N EW
LOAN*
$ 1 8 1 ,0 0 0
C IT Y
OF DOVER, N. H ,
BO NDS.
Sealed proposals will he received at the office of
the Mayor o f said City until 11 o ’clock A. M., Tues
day, March 29,1892, for the purchase of O ne H u n
d red an d 1 iarhty-one T h o u sa n d D o lla r * of
the City o f Dover. N. H., Citv Hall Ronds, dated
April 1,1892, with Interest at the rate o f 4 per cent
per annum. The principal will be paid at the office
o f the Treasurer o f said City, and the Coupons will
be payable semi-annually on the first day of April
and October in the City of Boston, Mass. The bonds
will he ready for delivery April 1,1892—are for one
thousand dollars each and will become due as fol.
lows—
12.000 April 1,1906.
11,000 April 1,1910.
12.000 April 1.1907.
11.000 April 1,1911.
12.000 April 1.1908.
111,000 April 1,1912.
12.000 April 1,1909.
'The right to reject any and all bids is reserved.
Further Information can be obtained of the under
signed.
Ail proposals should be addressed to Finance Com
mittee, Mayor’s Office, Dover, N. H., and marked
“ Proposals for City Hall Loan.”
Population.,......................................................... 13,000
$8,887,977
Assessed valuation...............
Total debt (including this issue o f bonds).
944,000
Water debt (included in above).. .$355,000
Sinking Fund—par....................... . 258,000 613,000
$ 100,000
Town of Johnston, R. I.
GOLD
4s,
DUE FEBRUARY, 191«,
At: 102 1-4 and Interest,
COUPON OR REGISTERED.
S3
Johnston is a suburb of Providence, from which
city it gets its water supply.
Population about ......................................
10,000
Assessed valuation over... ........................$6,000,000
Entire debt.................................................... 250,000
Loan is secured by a Sinking Fund.
Tax rate 80cents on $100.
Blake Brothers & Co.,
5 N ASSAU S T R E E T , N E W Y O R K .
26 S T A T E S T R E E T , ROSTON.
SALE OF
Net debt .................
$331,000
GOLD BONDS.
The market value o f the sinking fund is consider
Interest and principal payable in gold coin of pres ably more.
ent standard of weight and fineness.
ISAAC F. ABBOTT,
The undersigned, finance committee of the City of
We commend this loan as a desirable Investment
City Treasurer.
for trust money.
Cumberland, Md., will receive bids for one hundred
Price and particulars on application.
and eighty $500 five per cent bonds, known as the
Cumberland City Consolidated Debt Bonds (first
series), payable in gold thirty years after date (April
C apital, F u lly P a id , $ 4 ,0 0 0 ,0 0 0 .
CHICAGO,
NEW Y O R K ,
1st, 1892), interest payable semi-annually.
73 Dearborn Street.
‘A W all Street. d o y S 1st Mortgage Gold Bonds.
All bids must be addressed to Robert H. Gordon,
O sb i Hold Debenture Bonds.
chairman o f finance committee, Cumberland, Md.,
H IG H G R A D E
7 % 1st Mortgage Gold Bonds.
under seal, on or before the 26TH DAY OF MARCH,
1892. Bids may be sent in for one or more bonds, or
8 and | 0 % National Bank Stocks. the whole issue of $90,000.
Netting the Investor from 4 per cent to 6
The committee reserves the right to reject any
per cent. W rite for Circular.
Call or write for Information.
and all bids.
1 5 0 B R O AD W AY, NEW YO RK.
ROBERT H. GORDON, Chairman,
J. J. MCHENRY.
806 Sears Building
Bullitt Building,
POIVCQRR, J£ H ,
ROSVQN,
PHTLADkPPHIA.
JOHN T. FEY.
Cumberland City Bonds.
FARSON, LEACH & CO., Lombard Investment Co.
M U N IC IP A L BO NDS,
E, H. Rollins & Sons,
THE CH KONI OLK
504
STATE AND CITY DEBT CHANGES.
W e subjoin reports as to municipal debts received since the
publication last week of our State an d Cit y D epart
ment .
Some of these reports are wholly new and others cover
terns of information additional to those given in the S upple
m ent , and of interest to investors.
M aryland—Cum berland. — (State and Cit y Supplem ent ,
page 80.) Mr. D. I. Blackiston is still Mayor of this city, On
the first of April 1892 new bonds of the city of Cumberland
will be issued to the amount of $90,000. Of this new issue,
$50,000 will be applied to the renewal of water extension
bonds maturing April 1 1892 and $±0,000 will be used for
funding the floating debt, fo r particulars of sale see adver
tisement elsewhere in this Department. The following state
ment shows the details of Cumberland’s debt as it will stand
oh April 1 1892 after the new bonds have been issued.
LOANS—
»— Interest .— ,
------- P rin c ip a l ,—— ■>
NAME AND PURPOSE.
P . Gt. P a ya b le.
W h en D u e.
O u tM a n d g.
Pennsylvania R. R. bonds. 6
F & A
Feby., 1908
$65,000
Principal to be paid by Pennsylvania Railroad Company.
30,000
Oct., 1908
A & O
Consolidated debt bonds.. 6
145,000
Oct., 1908
A & 0
do
do
5
18,000
Oct., 1908
5
A & o
50,000
Apr. 11922
A & o
5
40,000
Apr. 11922
A & o
5
May, 1892-1904 »
65,000
M & n J $5,000 yearly. )
4
May, 1904-1909 >
30,000
M & A $5,000 yearly. J
do
....................... 4
May, 1892-1906 1
M|& n |; $10,000 yearly, jJ *150,000
Balt, & Ohio R. R. bonds. 4
. ‘ These bonds are issued by the Baltimore & Ohio Railroad and the
principal is payable by them ; the city only assumes the payment of
the interest. The statute authorizing this transaction will be found
in the Laws of Maryland for 1890, pages 254-255.
INTEREST is payable at Cumberland.
TOTAL DEBT, ETC.— The total bonded debt on April 1, 1892,
will be $443,000, including water debt, $163,000; deduct sinking
fund assets, $24,516; net debt, $416,484. These total debt figures as
stated above include new bonds to be issued April 1,1892.
CHICAGO.
[V ol. LTV.
DEBT LIMITATION.- -This city cannot issue indebtedness over
$10,000 without act of Legislature and vote o f people.
ASSESSED VALUATION—In 1891 total assessed valuation was
$6,556,956; in 1890, $6,461,823. Total tax rate (per $1,000) is
$19-00, including city tax proper, $8-50; county tax, $8-725; State
tax, $1-775. In 1880 total assessed valuation was $1,500,000. The
tax basis in 1891 “ is less by at least $500,000 than the basis of 1890.”
POPULATION .—The population in 1890, according to United
States Census, was 12,729; in 1880 was 10,693 ; in 1870 was 8,056.
Local authorities state that at the present time the population is in
excess of 14,000.
M assachusetts—W eym outh.—(State
Cit y
and
S upple
page 34.)—The new facts contained in tue following
debt statement have been recently furnished by J. H. Stetson,
Treasurer of Weymouth.
This town is in Norfolk County.
W a te r B onds— (Continued)—
LOANS—
W hen D u e.
m ent ,
4s, M&N, $21,000.......Nov. 1,1919
W ater B onds—
4s, M&N, $300,000....Nov. 1, 1914 4s, M&N, 29,000.......Nov. 1,1920
5,000....... Nov. 1,1921
4s, M&N,
50,000... .Nov. 1, 1917 4s, M&N,
INTEREST on all the above loans is payable at the National Bank
of the Republic, Boston, Mass.
TOTAL DEBT, E t c .— The subjoined statement shows Weymouth’s
total municipal debt and the sinking fund held against the same on the
1st of January of each of the last two years:
1892.
1891.
$400,000
Bonded debt...... ................................. .............. $405,000
Floating debt.................................................... 66,092
66,092
Total.............................. ..............................$471,092
Sinking funds.................................................... 36,835
$466,092
27,602
Net debt January 1....................................$434,257
$438,490
ASSESSED VALUATION.—The town’s assessed valuation (about
the same as cash value) and tax rate have been as follow s:
Years.
P ea l E state.
P erso n a l
P rop erty.
Total A ssessed
V aluation .
Total Tax
p e r $1,000.
1891.............$4,828,760
$1,705,980
$6,534,740
$16-80
1,682,659
6,424,685
16-40
18 9 0 ............ 4,742,026
POPULATION.—The population in 1890 was 10,866; in 1880was
10,570; in 1870 was 9,010.
CHICAGO.
CHICAGO.
Title Guarantee & Trust The Jennings Trust Co., The Merchants’ Loan &
1 8 5 D E A R B O R N S T ., C H IC A G O .
Trust Company,
Company
OF
CHICAGO,
CAPITAL, PAID U P , --------
$500,000
BANK
CH ICAG O .
9 2 , 9 4 & 9 « W A S H IN G T O N S T R E E T .
S U R P L U S ,.............................. $25,000
Corner Dearborn and Washington Streets.
Capital, paid-up...........................$ 1 ,6 0 0 ,0 0 0
ESTABLISHED 18 57.
NEGOTIATES
GROUND
RENTS
in
the
City
ol
Undivided earnings, including
surplus............................... ..........
2 2 0 ,0 0 0 Chicago. Takes entire charge of estates. Acts as Capital (paid in)....... ....................$ 2 ,0 0 0 ,0 0 «
Deposited with State Auditor. .
2 0 0 ,nOO agent for the registration and transfer of bonds and Surplus and undivided pi tilts... 1 ,5 0 0 ,0 0
stocks and the payment of coupons, Interest and
$ 3 ,5 0 0 ,0 0 »
GUARANTEES TITLES TO REAL ESTATE.
dividends. Authorized by law to receive and execute
J. W. DOANE, President.
P.
YOE. Vice-President*
trusts of every character from courts, corporations
Vice-President.
Oilers investors in real estate securities and individuals. A legal depository for court and ORSON SMITH, Second F.
C. OSBORN, Cashier.
protection afforded by no other ststeni of trust funds.
F. N. WILDER, Assistant Cashier.
doing business.
INTEREST ALLOWED ON DEPOSITS of money
TRUSTEES.
Is authorized by law to act as Registrar of Stocks
and Bonds, Executor. Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
CORRESPONDENCE BO LItITED .:
OFFICERS:
•GWYNN GARNETT, President.
A. H. SELLERS. Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHAS. R. LARRABEE, Treasurer.
DIRECTORS:
Gwynn Garnett,
Chas. W. Drew,
W, D. Kerfpot,
John P. Wilson,
George C. Walker,
EdsniuKeith.
John G. Shortall,
Geo. M. Bo*ue.
John DeKoven,
A. H. Sellers.
Samuel B. Chase,
COUNSEL:
John P. Wilson,
W. C. Goudy,
A. M. Pence,
A. W. Green,
Illinois Trust & Savings
Bank.
CH ICAG O , IL L .
CAPITAL AND SURPLUS, - $3.250 ,00 0
INTEREST ALLOWED ON DEPOSITS.
.¿ This Bank is directly under the jurisdiction and
supervision o f the State o f Illinois, is a LEGAL
DEPOSITORY for Court Moneys, and is authorized
to act as TRUSTEE. EXECUTOR. RKCEIVER and
ASSIGNEE for ESTATES, INDIVIDUALS and
CORPORATIONS.
OFFICERS:
John J Mitchell, President.
. John B. Drake, Vice-President.
* Wm. H. Mitchell, Second Vice-President.
.
Wm. H. Ktid, Third Vice-President.
James S. Gibbs, Cash’r. B. M. Chattell, Ass’t Cash’r.
DIRECTOB8:
John McCaffery,
•John B. Drake,
•Li-'Z.;Letter;
•
Wm. H. Reid,
Wm. H. Mitchell,
John J. Mitchell,
Wm. G. Hibbard,
J. C. McMulliu,
D. B. Shipman,
J. Ogden Armour,
Frederick T, Haskell.
J. W. DO ANE,
which may be made at any time and withdrawn aftei MARSHALL FIELD,
C. H. MCCORMICK,
P. L. -----YOE
live days’ notice, or at a fixed date.
JOHN DE KOVEN,
GEO. M. PULLMAN.
ALBERT KEEP.
A. H. BURLEY,
TRUST FUNDS AND TRUST INVESTMENTS JOHN
TYRRELL.
E. T. WATKINS,
are kept separate and apart from the assets of the LAMBERT TREE,
ER«KINE M. PHELPS.
ORSON SMITH.
Company.
DIRECTORS.
AZEL V. HATCH,
CHAS H. HULBURD,
M. W. KERWIN,
ANDREW C. LAUSTEN
SAAC N. PERRY,
MAURICE ROSENFELD
J. R. WALSH,
SAMUEL D. WARD,.
OTTO YOUNG.
OFFICERS.
T. R. WALSH, President.
ISAAC N. PERRY. Vice-President.
8AMUEL D. WARD, Treasurer.
LYMAN A. WALTON. Cashier.
FRANKLIN HATHEWAY.Secretary
J. B. B re e se , Member New York Stock Exchange
D. M. Cu m m in gs , Member Chicago Stock Exchange
Breese & Cummings,
BANKERS AND BROKERS,
111 A N D 1 1 3 M O N R O E S T R E E T ,
CHICAGO
Banking in all its Branches Transacted.
Foreign exchange bought an sold.
Travelers’ Letters o f Credit and Commercia.
Credits issued, available in principal cities through
out the world. C»b’ e transfers made.
J. G. ORCHARD. Mgr Foreisn Deot.
A. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. Y. BAKER, Member Chicago Stock Exchange
A . O. Slaughter & Co.,
BANKERS,
111-11 3 LA SALLE STREET,
CH ICA G O , ILLS.
Chicago Securities Bought and Sold.
Herman Schaffner & Co.
BANKERS,
Securities listed in New York, Boston or Chicago
carried on conservative margins.
C O M M ERCIAL PAPER,
Union National Bank,
S. W . C o r. D e a r b o r n Ar M a d is o n S ts.,
CH ICA G O .
P a id -u p C a p ita l.
S u r p lu s ,
$2,000,000
7 . 0,000
A regular Banking Business Transacted. Accounts
of Bank sand Bankers, Mercantile and Manufacturing
Flrms-or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial
and Travelers’ Credits, available in all parts of the
globe, issued. Telegraphic Transfers made with all
principal European and Domestic Points. United
States and other first-class Investment Bonds dealt in.
c o r r e s p o n d e n c e s o l ic i t e d ,
CH IC A G O , IL L .
Henry C. Hackney,
115 DEARBORN STREET,
CH ICAG O .
H IG H GRADE
IN V E STM E N T SE C U R ITIE S,
Paying $ per cent and 12 per cent for sale
tjAM’L A. UAILOHD,
JNO. H. RUSSIN».
Gaylord, Blessing & Co.,
BANKERS A N » BROKERS,
ST . LOUIS.
Union Loan & Trust Co FISHER
SIOUX C IT Y , IOW A.
MUNICIPAL
A SPECIALTY.
Edw ards W h it a k b r .
BONDS
C harles H obo man
Whitaker & Hodgman,
BOND AND STOCK BROKERS,
3 0 0 N orth F o u rth Street,
ST. LOUIS.
Geo. M. Huston & Co.
BOND AND S T O C K
DEALERS.
W e buy and sell outright all Western
Municipal Bonds and Stocks. W i
chee fully furnish full and reliable in
formation concerning any Western se
curity without charge. * onthly quo
tation circular mailed to all applicants,
Newissu s of municipal bonds wanted.
’"■*
DEALERS IN HIGH-GRADE COM
MERCIAL PAPER,
A supply of which it alwai s has on hand for
sale at Current Rates.
MUNICIPAL, CORPORATION AND
SCHOOL BONDS.
No Stronger Loan and Trust Company in
the West. Correspondence Solicited.
GEO. L . JOY, Pres.
A . S, GARRETSON, Yice-Pres.
E. R. SM ITH, Sec’ y.
Prompt Attention Given to Collections.
The Colorado Mining
Investment Company,
41 W A L L S T R E E T , N E W Y O R K ,
AM ES B U IL D IN G ,
W. J.
BOSTON, M ASS.
Hayes & Sons, C I T Y A N D C O U N T Y
BANKERS,
BONDS.
Dealers in MUNICIPAL BONDS.
BOUGHT AND SOLD.
J
Street Railway Bonds and other high grade In
vestments.
1 * 3 S u p e r io r S t.^
10 W A L L STREET,
N W. H A R R IS & C O .,
7 Exchar are Place.
Boston.
NEW TURK.
15 W all Street, NEW Y O R K .
BOSTON
CHICAGO.'
Cable Address, “ KENNETH.”
Mortgage Loans .
IN
BANKERS.
TEXAS.
BONDS.
Cleveland, O h io, P erry-P ayn e B ’ ld ’ g
B o sto n , M a ss., 53 State Street.
.New Y o r k , 11 W a ll Street.
SO COMMISSIONS charged borrower or lender unti
loans have proven good.
FRANCIS S M IT H
& CO.,
P R A N K ELLIS.
SUCCESSORS TO
Morehead, Irwin & Co.,
Stock, Bond and Note Brokers,
51
WEST
TH IRD
STREET,
CINCINNATI, OHIO.
M IS C E LLA N E O U S .
G. R. Voss,
Commercial Paper,
Bonds, Stocks and Investment Securities.
688 FIRST NATIONAL BANK BUILDING,
Omaha, Nebraska.
Seattle, Washington.
10 Per Cent City and County Warrants,l
0 Per Cent First Mortgage Loans.
8 Per Cent School Bonds.
C0RRESP0NDEN6E SOLICITED.
Commercial Bank,
TACOMA,
ON THE
3QU88
BALTIMORE STOCK EXCHANGE*
Investm ents in the South.
Exchange Banking &
Trust Company,
s . c .,
Transacts a General Banking and Trust
Business. Savings Department. Interest
Allowed on Deposits.
Investments made (at usual rates of commissioi )
n safe and reliable interest-paying Southern secui •
itles, and 1st mortgage loans on improved city anu
town real estate. Correspondence solicted as to all
Southern nvestments. Being within easy reaph
of all parts of the South thorough and careful inves
tigation can be made of intended investments 'or
purchases.
OFFICERS.
GEO. B. EDWARDS. President.
P. N. PICKENS. Cashier.
H. C. WHILDEN, Secretary and Treasurer.
J. LAMB PERRY, Solicitor.
8MYTHE & LEE, General Counsel.
CORRESPONDENCE SOLICITED.
Tacoma National Bank,
The Gurley Investment
Company,
D E N V E R , COEO.
$5 00 ,0 00
A N »
B R O K E R S,
iobn
F. Glenn . Cash’r. Fred . R. Scott. Vlce-Pres
SECURE BANK VAULTS.
Sur plìì«.
w .B»
t t H
. o
&
s
r
General Banktng Business Transacted.
Special Attention to Collections.
Merchants’ Nat’l Bank,
PORTLAND, OREGON.
Paid Capital........ ......................... 8 1 ,000 ,00 0
^COLLECTIONS MADE on all accessible points.
SX Per Cent 10-15 year First Mortgage
Gold Bonds.
TRU STE E-TH E STATE TRUST CO.,
No. 50 W a ll Street, New York City.
PARTICULARS UPON APPLICATION.
Davenport & Co.,
First National Bank in the City,
T ACO M A , W A S H IN G T O N .
IN V E S T M E N T
B O ND S.
S. J. P e r r y , of Johnston, Crews & Co., wholesale
dry goods.
W il l ia m M. B ir d , of Wm.M. Bird & Co., wholesale
paints and oils.
Ja m e s A l l a n , of James Allan & Co., jewelers,,
J. H. F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
Geo . B. E d w a r d s , Pres. Electric Light & Power Co
a.
WASHINGTON.
The L. H. Griffith Realty A
Banking Company.
CASH ORDERS EXECUTED
MERCHANTS’ NATIONAL BANK,
PAID-UP CAPITAL 8‘JOO.OOO.
R IC H M O N D , V IR G IN IA .
6 Per Cent Bank Certificates Issued.
Collections made on all Southern points on beat
8 Per Cent Gold Mortgages.
terms; prompt returns.
10 Per Cent City, County, State Warrants.
JOHN P. BRANCH, President.
J. LOEWENBERG, Pres. JAS. STEEL, Vlce-Pres.
I. A. MACRUM, Cashier.__ . _
RELLS SIGHT EXCHANGE AND TELE
GRAPHIC TRANSFERS, and ISSUES LETTERS
o f CREDIT available throughout the United States
DRAWS BILLS OF EXCHANGE on London
Liverpool, Dublin, Paris, Berlin, Frankfort-on-the.
M ain?andall theprincipaloitiesof Europe; also on
-
ivU?0
ESTABLISH ED , 1860.
Correspondence solicited and information far.
nished about Southern State, Municipal and Rail
road Investment Securities.
New York Reference—CHAS. M. FRY, Esq., Presl
dent Bank of New York. N. B. A.
P A C IF IC COAST.
G r a t t a n H. W h e e le r , Pres. A. B r id g m a n , Cash.
C a p ita l a n d S u rp lu s,
- .
R IC H M O N D , V IR G IN IA .
P. H . BAL L M AN N
Irwin, Ellis & Ballmann,
NO.
issues o f Corporations Possessing
Strong Municipal Franchises, v
BANKERS
SAN ANTONIO. TE XA S.
W . T . IR W IN .
BONDS
AND IN THE
DIRECTORS.
Lamprecht Bros. & Co.,
MUNICIPAL
MUNICIPAL
charleston
DIVIDEND-PAYING M INING
_______ SECURITIES._______
O H IO .
SH AW ,
DEALERS TN —- r
DEALERS IN
305 F IN E S T R E E T , ST. LO U IS, MO.
&
B altim ore, M aryland,
INCORPORATED 1885.
CAPITAL, Paid Up in Cash— S I ,0 0 0 ,0 0 0
175,000
SURPLUS........... ...........................
WESTERN SECURITIES AND
GRADE
S O U T HERN.
M IS C E L LA N E O U S .
ST. LO U IS.
HIGH
ix
THE CHRONICLE
IdÁBCH 19 1899.]
SAN FRANCISCO.
The First National Bank
O F SAN FRANCISCO, CAL,.
UNITED STATES DEPOSITORY,
CAPITAL,
.
.
.
8 1 ,500 ,00 0
SURPLUS,
8 6 1 0 ,0 0 0
8. G. Mu r p h y , President. B. D. Morgan , Cashier
JAMES Mofm tt , V.-Pres. G. W. Kline , Asst. Cash
GENERAL BANKING BUSINESS.
ACCOUNTS SOLICITED.
GENUINE
WELDED CHROME STEEL AND IRON
in Round and Flat Bars, and 5-ply Plates and Angle
FOR SAFES, VAULTS, &0.
Cannot bo Sawed, Cut, or Drilled, and positively
Burglar-Proof.
CHROME
STEEL W O R K S ,
BROOKLYN« Nf ¥
SoleMan’f ’erslntheU. S.
Bought and «old.
Send fo Lists.
G EO. A. L E W IS &■ CO., B an kers,
13‘A LA .SALLE STREET, CHICAGO.
JOSEPH GILLOTT’S
STEEL PENS.
GOLD MEDAL, Paris
exposition ,
188 a
THE HOST PERFECT OF PENS.
THE CRltONlCLR
«
©jCrtttftt.
© O ttÚ íX ,
W OODW ARD
& ST IL L M A N ,
MIEiRlCIHSASNET S
16 TO 22 W ILLIAM STREET,
NEW
YORK.
L ehman , Dorr A Co.
Montgomery, Ala.;
LEHMAN
BROS.,
( OMMISSIOW M ER C H AN T S,
ÍN M AN , SW A N N & Co
W. T . Hatch & Sons,
COTTON M ERCHANTS'
Dealers in Investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex.
change for the purchase and sale on commission or
stocks and bonds for oash or on margin.
Interest allowed on deposits, subject to draft at
sight.
14 Nassau Street, New York.
Mew Y o rk .
Henry Hentz & Co.,
COMMI SSION
MERCHANTS,
16 to 2 6 W illia m Street, N ew Y o r k .
EXECUTE ORDERS FOR FUTURE DELIVERY
No. 40 Exchange Place,
COTTON
¡N E W Y O R K .
at the NEW YORK, LIVERPOOL AND NEW OR
LEANS COTTON EXCHANGES. Al»o orders for
MEMBERSfcOF THE STOCK, COTTON, COF
FEE AND PRODUCE EXCHANGES,
New Y ork.
Orders executed on the above Exchanges as well
4« In New Orleans, Chicago and foreign markets.
STRAUSS & CO.,
Manchester, and at prin
cipal Cotton Centres
on the Continent.
* TRAUBS A CO.,
lavaimah and
New Orleans.
STRAU SS
COTTON
& C O .,
MERCHANTS
4 8 BROWN’ S BUILDINGS,
LIVERPOOL.
16 Sc 18 E x c h a n g e P lace, N ew Y o r k .
COMMISSION M E R C H A N T S .
Members of the Cotton, Coffee and Produce Exoh’s.
AGENCY OF
THE HAXALL CRENSHAW CO.,
F. H . Prince & Co,,
BANKERS AND BROKER8*
BOSTON,
MASS.
COFFEE
at the NSW YORK COFFEE EXCHANGE, and
HI GH G RADE I N V E S T M E N T S
G R A IN AN D PROVISIO N S
at the NEW YORK PRODUCE EXCHANGE and Members of New Yorkand Boston Stock Exchangee
the CHICAGO BOARD OF TRADE.
Hubbard, Price & Co.,
COTTON EXCHANGE BUILDING.
NEW YO R K .
General Commission Merchants.
Members New York Cotton Exchange. New York
Produce Exchange, New York Coffee Exchange,
Chicago Board o f Trade.
Orders executed on any of the above Exchanges,
also for purchase and sale of cotton for future de
livery in New Orleans and Liverpool. Liberal ad
vances made on cotton consignments.
PR IC E , RE ID dfc CO.,
Norfolk, Va.
PRICE, REID & A D A VI8, Limited.
Charleston, 8. C.
Special attention given to correspondence with Inertor Cotton Merchants and Buyers for the pur- Execute orders for cotton for foreign and domestic
shipment.
siase and sale of Cotton both on spot and for future
dsilvery.
J . O . BLOSS.
Geo. H. Chuboh, Special
Crenshaw & Wisner,
ffinauctaX.
Walter T. Hatch,
H enry Prescott Hatch,
Arthur Melvin Hatch
Members of N. Y. Stock and Produce Exchanges
COTTON OF ALT, GRADES SUITABLE TO
WANTS OF AMERICAN SPINNERS.
L ib m a n , stkbn & Co.,
New Orleans, La.
[Vol. LTV.
J. O. BLOSS & C O .,
COTTON
MERCHANTS,
2 2 W i l l i a m Street,
NEW YO R K .
W. D. Rountree & Co.,
COMMISSION MERCHANTS,
RICHMOND, VA.
COTTON EXCHANGE BUILDING, NEW
Y O R K , and NORFOLK, VA.
sKvndard Brands of Flour for Shipment to Warm
‘Climates always on hand.
COTTON, COFFEE, GRAIN, PROVISIONS AND
STOCKS.
SULPHUR MINES COMPANY
Orders executed in New York, Chicago &Liverpool
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.
The Short Electric Railway Company.
Cearless, Single Reduction
AND
Double Reduction Motors.
SLOW SPEED, MULTIPOLAR RAIL.
WAY DYNAMOS.
LINE APPLIANCES FOR COMPLETS
OVERHEAD CONSTRUCTION.
Geo. H . McFadden & Bro.
Hopkins, Dwight & Co.,
COTTON* COTTONSEED OIL
AND
SOUTHERN PRODUCE
COTTON
MERCHANTS,
LTViBPooL oobjumfondenyi,
o R r m t n i r « i n * u r o a jo c ia .
COMMI SSION M E R C HA N T S ,
Kweat 511, Cotton Exchange Building.
NEW YORK
Bustavus C. Hopkins.
Charles D. Miller.
Lucius Hopkins Smith.
Samuel Hopkins.
Bliss, Fabyan & Co.,
NEW Y O R K , BOSTON, PH ILADELPH IA
SELLING AGENTS FOR LEADING BRANDS
BROWN
and BLEACHED SHIRTING
and SHEETINGS,
PRINTS. DENIMS, TICKS, DUCKS, *0.
Towels, Quilts, White Goods and Hosiery
Drills, Sheetings, die., for Export Trade.
Geo. Copeland & Co.,
COTTON BROKERS,
If« H A M
STREET, NEW YORK,
CLEVELAND,
OHIO.
P H IL iD E L F H IA i
Wayland Trask & Co.,
B A N K E R S AND B R O K E R S ,
Fifth Avenue Hotel,
18 W a ll Street, N ew Y o r k .
Transact a general banking business, including
M adison Square, N E W Y O R K .
the purchase and sale on commission of secorltie
The largest, best-appointed and most liberally dealt in at the New York Stock Exchange.
managed hotel in the city, with the most central
Wayland Trask,
Theodore Baldwin, *
and delightful location.
alprbd N. Rankin.
HITCHCOCK, DARLING & CO.
Ma s s a s o i t H o u s e ,
American Exchange Bank,
ST. LOUIS, H O .
S P R IN G F IE L D , M ASS.
Capital, . 6 6 0 0 ,0 0 0 I Surplus, ■ 6 3 0 0 ,0 0 0
THE BEST-APPOINTED HOUSE IN WESTERN PETER NICHOLSON. President.
NEW ENGLAND.
ALVAH MANSUR, Vice-President.
Convenient for the tourist or business mao. Near
_
WALKER HILL, Cashier
Union Depot.
We send items direct to every banking point In
W . H . C H A P IN .
this State __________________________________
Cahoone & Wescott,
E. D. Shepard & Co.,
Members New York Stock Exchange,
(SUCCESSORS TO
18 W A L L S T R E E T .
AU G . T . POST, Banker,
Government and Investment Bonds. D R EXEL BUILDING, BBOAD ST., N. Vi
Stocka and Bonds Bought and Soldoo Commission,
State, County mid City Bondi,
@FedFRASER