The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
KEPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE U N IT E D STATES;
[E n te re d , according to A ct of C ongress, in th e y e a r 1894, b j W m. B.
VOL. 58.
D ana
A Co., In th e office of th e L ib ra ria n of Congress, W ashington, D. O.]
SATURDAY, MARCH 31, 1894.
W eek E n din g March 24.
!£ h c C h r o n i c l e .
1894.
1
416,317.02*
F o r One T e a r ................... ........................................................... $10 00
F o rS lx M onths..........................................................................
6 00
E u ro p ean S ubscription (inolading p o sta g e)....................... 12 00
E uropean S ubscription Six M onths cineludfng po stag e).
7 00
A n n u al S ubscrip tio n in London (including p o sta g e)___A2 10s.
S ix Mos.
do.
do.
do.
— A1 10s.
The I’CTESTOBS* S ctplem en t of 160 pag es Is Issued every o th er
m onth, on th e la s t S a tu rd ay s o f J a n u a ry , M arch, M ay, Ju ly , September
an d N ovem ber, an d fu rn ish ed w ith o u t extT a ch arg e to a ll su b scrib ers
of th e Chronicle fo r six m o n th s o r longer.
The State and Cit y S upplem en t of 184 pag es is also given to every
vtarly su b scrib er of th e Ch r on icl e .
S ubscriptions will b e co n tin u ed u n til definitely o rd ere d stopped.
T he publishers can n o t be resp o n sible fo r re m itta n c e s u nless m ade by
d ra fts o r by P o st Office o r E x p ress m oney orders.
F ile covers a re sold a t 50 cent# each, an d to n ew su b scrib ers for a
year one Ole co v er Is supplied w ith out c h a rg e ; postage on th e sam e Is
IS cents.
Term s of A dvertising—( P e r inch space).
O n e tim e ................................. $3 5 0 I T hree M onths (13 tim e s ) ..$25 00
One M onth
(4 tim es).. 11 0 0 I S ix M onths
(26 ** ) . . 43 00
Two M onths
(8 “ ) .. 18 00 ! T w elve M onths <52 " ) .. 58 00
(The above te rm s fo r one m o n th and u pw ard a r e fo r sta n d in g cards.)
London A gents
M essrs. E d w ar d s A 9 n m i . 1 D ra p e rs’ G ard en s, E. C.. will ta k e snb-
aeriptions an d ad v ertisem en ts, an d supply single copies of th e paper
a t Is . each.
H
A Co
P
W ILLIAM a DAJTA ( W H L I . c n U . D A N A & C O . , ** u b l i s h e r s ,
„
J
1 0 2 W i l l i a m s t r e e t , .NR W Y O l t K .
NEU
1
f
fO B* O F L O Y D .
P ost O f f ic e b o x 958.
C LE A R IN G H O U SE R E T U RN S.
The following table, made up by telegraph, etc.. Indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, March 31, have
been $796,592,424 against |7ft3,r 19,738 last week and
)
f t , 024,907,809 the corresponding week last year, (rood Friday
occurred In the week of last year with which comparison is
(Stockt....
W o r c e s t e r ..................
P o r tla n d .,..
------F a ll H i r e r .........................
L o w e ll..................................
N e w B e d f o r d ...................
T o t a l New E n g l a n d .,
ReturnJ &v T «i«w »»k.
1894,
1893.
I c itie s , 5 d a y s .. .
O t h e r e i t i a s , S d a y s ------- . . .
$348,345,459
53,374,744
♦2,150.007
9,386,998
68.461.766
15,384.8*0
5,869.965
$333,863,789
190,479,923
$742,821,787
135,419,273
Total all cities, $ d sy * ....
AB cities, 1 day........... ..........
1659,343,892
137.748,732
$876,241,060
148,718,749
#796392,434
*1,024,057,809
H « w Y o r k . ______
B o s t o n ......................
P h l l A d e l p h i * ,. - . ,.
B M t tr a o t* ------------
Chicago.........— ,
84, L o u i s .. .. .. . . .
Hew O rleans___
Total
a it o t ti e * f o r w e e k . .
#517,119.736
74.188.SP9
41,515,950
8,818.740
75,648.538
18,735.480
6346,450
47.2dR.165
10,592,472
lO.i60.iN34
4,473.643
1,302.581
l.ld u .6 6 7
7 W .W 3
M&K
Baltimore...... .
B u f f a l o . ..................
W a s h i n g t o n .. ..
R o c h e s te r ............
•Syracuse........ .
Wilmington.......
Bi n * h a m tern........
Scranton *.......
ah4 , i i :
76,661,551
T o t a l M id d l e ..
71.440,106
10,495.300
3.731,358
4,792,941
3.3*?:.04 »
3.OI?,0O0
1^H6#M>0
C h i c a g o .......... .
C i n c in n a t i............
Milwaukee...............
Detroit..............»«*•
CUyeland.................
C o l o m b o * , . . . . , . ........
P e o r t a ....................... . . . .
Indian*poll*......... ..
596,661
28»l.;fV3
244.597
16O.U0O
1&4.W01
156.430
132.401
151,489.018
Grand Rapid*.. . . ........
I s l i n g t o n . . . , . . .........
S a g i n a w ........................
A k r o n . ............................
B a y C R Y ......................
Springfield, O......... .
Total M
iddle Western.
C a n t o n . . . . . . . .............-4 1 m
U,8SO.O04
899.962
I.OA4MW0
;i 5 ' . iniu
484.641
819.600
607.642
236,786
1.3:1.032
79.191
I t . 360.1.0)
-22*3
1894.
*
409,215,533
(—40*7)1
(940,970
(+29*2)1 (29,803,400)
IP.
Cent.
—40’7
-5 0 * 3 )
+ 7 -8 )
89.166.1H
4,310.61.
2.366.3.-,)
L286.467
1.219.011.271,707
1.100.534
812.81*503.512
358.907
104.WH,07S
- « 0 ’3
-2 8 "
—34*9
-8 * 7
-8 * '
-*23*9
+ 0*0
—10*1
-1 0 9
—1*4
-2 0 * 3
77.787.071
4,l07,fjO<
1.860.507
1.202,381
1.04L27S
1,086,821,102,407
751.113
499.S&
389.007
89.950.102
-1 8 * 4
—85-0
—13*5
—18-8
—23*8
-1 7 -3
-8 * 2
+ 1 “7
—23*1
+0*8
-1 9 * 0
03.957.909
13.905.68;
13.043-87 (
7.622 731
2,190.106
1.3C3.70I
1,030,075
914.4*21
249.50U
—24*9
—*24 *
2
-2 2 * 0
—41*3
—4 0 '
-1 4 i
-2 5 *
—3 0 i
+170
-1 7 * 6
—14*5
—13*9
—10*0
-3 0 * 4
+ 7*8
—27*0
—26*0
+21*1
103.350,068
—25*8
65.903.858
10.974.774
12.s02.823
4.W 5.931
1.510,73*
1,477.071
702.8.15
702,237
805,500
516,718
88.775.705
80,800,337
MXSLWX
8.760. l? 9 f
6.565.617
6.630.381
3,279,1 Of
1.538,601
800 3 7 1
874.005
MU.lStl
325.02*
217.802
267,0<KI
180,408
Ifct.OOO
132.00O.W9
—20’4
—201
-67*1
-2 7 1
—31*4
-8*1
-9 * t
+16*1
-3 1 l
-18*1
“ 24*6
—28 <
2
—27**2
—16 t
—16*2
-2 3 * 1
77,052.111
11,137,150
4,9*9.651!
6.3o8.0S0
4.041.9*23
3.508.20C
1.408.050
1.023,998
090,607
300,143
275,04$
174.032
238,076
142,174
134.475
U 0.S 2 4 .M 5
—23*6
-1 8 * 3
—43*0
—31*3
—36*0
—2*4
-1 5 * 6
+5*0
—28*7
-2 7 * 4
—32*1
-3 4 * 8
-1 8 * 1
-3 5 * 5
—18*5
-2 4 * 6
12 7*3.040
1.638,400
I.400.000
930.109
900.000
860.658
030.169
861.196
195.000
—22*8
-4 5 * 1
—25*7
-0 1 6
-4 0 1
—3*0
—46*4
—73*1
—31*3
-1 3 * 5
—64*0
-1 4 * 2
-6 8 * 0
-3O *0
+71
-3 8 3
—C8*4
-3 3 * 4
-1 3 * 5
241,519,701
—30*0
10,335.035
5.552.10A
0.0*6,150
4.420.528
4.959.575
2.430.754
1.637,510
1,144.4*9
1.110,625
619.788
610,753
404JSS1
88,453
39,165.080
-1 7 * 0
- :w * s
-2 8 * 2
-4 3 * 5
—60 4
-3 3 * 0
~3oy
-4 8 * 9
—>»*»
-2 2 * 0
-2 * 4
+54*9
+*2*7
-2 9 * 4
9.160.070
i .798.1 i 6
4,453.173
3,414.<75
2,813.732
1,74*2.667
1,44*8.082
603.724
909,039
415,00*)
500.410
470,404
70,957
80,700,415
--& S
-3 1 * 1
-2 9 * 9
— 6‘rt
4
—37*6
—26*9
-4 3 * 7
-1 9 * 5
—25*2
—1*6
+ 1 9 -2
-1 0 * 6
—24*2
22.4 48,9 i l
1 0 .i0 9 .1 5 *
6.004. iOrt
2.831.700
2,709,372
2,163.880
, l
l.lrVJ.SBS
1.200,025
1+01,4-02
1,035.100
WO.0-48
020,982
744.091
628.159
524.138
412,509
S8.S70.M 5
-1 3 2
— l
31
—17 4
-3 7 * 4
-31> 1
—tin
+34 *
2
-3 0 3
-2 2 8
—54*8
—3*4
—12*1
-1 5 6
-2 6 * 9
-4 7 * 0
-2 1 * 4
“ 62-2
-2 2 1
21.166,269
8.918,401
0.254.917
2.094.535
1.951,703
2.006,2 00
2,207,187
1.387,546
1,015,600
820,642
1,095.882
827,240
600,000
519 334
339.017
6D2.23S
200.3.i0j
51.865.848
-1 3 * 9
—22*8
-1 7 * 3
-3*2*9
—29*8
-2 1 * 2
+ 10 * 5
—4tf-0
- 2 3 *9
-6 0 * 4
-0 * 6
-1 1 * 0
-1 0 * 7
-8 * 6
—29*7
-1 1 * 6
—48’G
—19*3
9.4S<W*»
t,< j y . i w
i,m ,i# w
SHCIftS
9&5.918
4W >47
G a lv e s to n ..... . . . . . . . .
H onst o n ..... . . . . . . . . . .
R i c h m o n d ...................
Savannah.... ........
M em phis..... . . . . . . . . .
Atlanta ..............
.
N ashville.....................
Dallas.........................
Norfolk....... ..............
W a c o ..............................
Fort W orth.............
B irm ingham ...........
J a c k s o n v i l l e ..................
Chattanooga........ .
T otal S o u th ern ,..,.
Total all..................
Outside New York.
-3 4 * 8
12,731.940
814.33*2
1,120.760
570.216
592,161
971,790
002,791
207.682
162/292
133 692
17,820.840
8,578.462
3JM L604
4.S4L064
K a n s a s C i t y . . . . . . . . ........
.......
-33*6 M inneapolis.....*..........
Omaha............
-21*4 8t. Paul.........................
+ 1*5 Denver,........ . . . . . . . . ...
Duluth.................. .
+ 6*4 81. Joseph......................
—
22*7 S io u x C i ty .......... ..................
Des Moines......
- 1 7 9 L i n c o l n . . . . . . . . ..............
.........
+ 0*1 W i c h i t a . . . . . ........................
Topeka....................... .
-27*5 F r e m o n t . . . . . , * . . . ..............
Total Other Western..
-11*0
-24*8 St. XsOQlS.. . . . . . . . . . . . .
- 8*5 Newi O rlean, s..........
L o u s v i l l e . . , . . . . .........
The full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot, of
course, furnish them to-day, bank clearings being made up by
the various clearing bouses at noon on Saturday, and hence in
the above the last twenty-four hours of the week have to be
in all cases estimated, as we go to press Friday night.
Our usual detailed figures for the previous week, covering
the returns for the period ending with Saturday noon, March
24, as well as the comparative totals in 1893 are given below.
The aggregate exchanges show a decrease from the previous
week of ninety-three and tbree-tjuarter million dollars, largely
due to the observance of flood Friday. Compared witli
the corresponding period of 1893 six of the cities record
gains, but in the total for the whole country there is a decline
of 30'1 percent. The most important percentages of dec line
this week have been at Spokane, 73-1; Seattle, 61*6: Mil
waukee, _ 57d ; Nashville, *4'8; Chattanooga, 53’2, and
Denver, 50'4 per cent. The heaviest gains are recorded at
topeka, 54’9, and Savannah, 34-2 per cent.
j W eek E n d ’g M ar. 17,
Cent .1
10.487.140
7,038.346
5.776.708
1,773.292
U649.0<Vj
$.018,407
1,924,189
1,387,056
926450
S4L3SI?
juoao.ooo
849,303
525,000
M 3.806
s jb . u i
410,726
197.083
♦6,«<Au67
,
T o ta l P a c m e ... . . . . . . . .
Per Cmt
P.
627,155
«J$64
2?.636.09V
8an F ra u d
Portland..
Salt Lake O t r - .........
Seattle.....................
T a o o m a .. . . . . . . . . . . . . . . . .
Loe Angeles.........
Helena,. ...... .
............
Wtek Ending 3farth *L
.
408.212
354.055
te ,* M ,3 » 2
P h i l a d e l p h i a .. ..
P itts b u r g .......
S io u x F a ll* ...............
r in g s
O .48»,2S0
(22,780,625
71,103.581
3.890,01*.
1,476,533
1,173.427
- 1.112.48C
970.060
1.172.050
B o s t o n ..................... .
P r o v i d e n c e . . . . ............ .
H a r t f o r d ............................
N e w H a v e n .......................
S p rio sriJe ld ........................
dpokane......... ..
m ade.
1898.
t
638.882,36*
(811,338
(29.447,125)
N e w Y o r k ..
3 a U i o f—
Term s of S ubscrip tio n —P ayable in Advance:
Cl e a
NO. 1501.
-2 2 * 4
765.510.733 L 0 9 6 3 4 9 .0 5 5
-3 0 1
850/255.459
-3 3 * 2
3 4 U ,a ri, <0*
150,006.080
-•£ T 0
89O.vo9.920
—21*1
9J900.000
040,556
533. 173
12,772.830
5.550.369
872.421
042,202
—23*3
-5 8 8
+7*8
-1 7 * 0
-1 0 * 5
-2 5 * 4
+ M -3
-1 1 * 3
13,604.146
19.843.W 8
—31*0
10.«1S.981
4.004,188
1,110.883
678.000
870,653
17,299,05*2
M o n t r e a l ....................
T o r o n t o ....................
H a l i f a x .....................
Hamilton ..........
Winnipeg.*............
Total C a n a d a . . . .
'Not Included In totals.
-1 4 * 2
THE
528
CH KON ICLE.
| ol . L Y III.
V
weBtatedlast week, “ became easier for short and for
cable transfers Wednesday morning when the anxiety
STATE AflU CITY DETABTMET'JT, with reference to the Seigniorage Bill had been
See pages 5 6 4 , 56 5 , 56 6 , 5 6 6 a n d 5 6 8 for our State in good part removed ; Thursday developed further
and City Department.
weakness.” Since last Saturday the reports from
All advertisements with relation to State and City Bonds
Washington have been each succeeding day more posi
will likewise be found on the same and following pages.
tive that a veto was determined upon. Monday one
leading exchange drawer dropped the nominal rate a
A n e w ed ition o l th e
half a cent for both long and short, and by Thurs
S T A T E A7ID CITY S U m E W E U T ,
revised to as near the day of publication as possible, will be day, when the message was published, all the drawers
followed who had not theretofore done so, and gold
issued April 21.
exports became impossible. It is not by any means
THE F IN A N C IA L SIT U A TIO N .
certain that we shall not export gold before the sum
The important event of the week has been the Presi mer sets in, but if we do it will be because our foreign
dent’s veto of the Seigniorage Bill. We have from the trade balance requires the export; it is not required in
first felt confident of the outcome. Men like Mr. the present state of that trade. Moreover it is possi
Cleveland may of course often change their opinions, ble, now that the Seigniorage Bill is out of the way, that
for opinions depend upon facts which are changing, foreign buying of securities may become a feature;
but such men cannot change their principles. As the there have been clear evidences of the revival of such a
wrong in silver-dollar coinage has not become right demand the last two weeks.
Hot only foreign exchange but other markets as well
since the message to Congress sitting in extra session
in August was written, it would be out of character have reflected this week the expectation that the Seign
and therefore unexpected that anything but a veto iorage Bill would be vetoed, and a distinctly better feel
message should be written now. At the same time we ing has prevailed. This feeling was especially evident on
are surprised to find near the close of the document a the stock market, where as usual the benefit was dis
declaration with which we must express disagreement. counted, and since the appearance of the veto there
We refer to the opinion of the President that the bul has been a slight reaction. The retrograde movement
lion in the Treasury could be coined “ safely and with has, however, been largely owing to a second cold storm
advantage if the Secretary had the power to issue bonds in the winter-wheat belt, reports about which were at
at a low rate of interest.” The only semblance of an first of quite a gloomy character; the weather was also
“ advantage” we can imagine from the operation would at the same time severe in the Northwest, encouraging a
be in holding the coin as an emergency resource, in case belief that it would delay farm work and spring plant
no other resource was available, and perhaps that was the ing, thus causing a late instead of an early season. I t
“ advantage ” had in mind ; but with a low-rate bond seems now that the first reports were greatly exag
authorized we cannot see how any such situation would gerated, though it is impossible to tell at present just
be possible. In any other meaning of the word we what harm has been done, except that fruits have un
have yet to learn what “ advantage” it would be to doubtedly been greatly injured throughout a wide sec
increase the number of over-valued dollars. Very tion. Other than the veto message and the storm,
likely it “ could be done safely” if as suggested a low- nothing of importance has occurred. Railroad earn
rate bond were always available for keeping the gold ings we have remarked upon subsequently in this
reserve intact, the word ‘‘safely” being understood as re article. They continue of much the same character as
ferring simply to the convertibility of the silver dollar. heretofore.
The bank statement of last Saturday showed an en
And yet even with that safeguard the coinage would
still be none the less an addition to a kind of unsound couraging increase in loans, reflecting a little better
and forced currency which so long as it is in use can employment for money, and the gain in that item for
not fail to act in many ways as a source of financial the two weeks has been $5,624,900. The movement
weakness, and so prove a drain on our resources and of currency to this centre continues, though this week
a drag on enterprise. But it is hardly worth while to the net result is smaller, there having been a larger
quarrel with this regrettable expression to-day, as the outflow. Last week’s statement showed an increase of
re-passage of the Seigniorage Bill with a low-rate bond $2,825,100 in sash, and the surplus reserve was aug
attachment is a very remote contingency, and as the mented by $1,775,350, carrying this item up to $79,President shows that his principles are in no degree 077,650. The deposits are now $98,891,000 in excess
changed. For among many other things which prove of the loans.
There is no change in the market for money on call,
that he is still alive to the dangers of silver coinage he
states that the bill he vetoes would, if approved, and bankers’ balances continue to loan at 1 to 11 per cent,
“ weaken if not destroy returning faith and confidence with the bulk of the business at 1 per cent; the aver
in our sound financial tendencies, and that as a conse age is but little above 1 per cent. Renewals are made
quence our progress to renewed business health would at this figure, and banks and trust companies quote from
be unfortunately checked and a return to our recent 2 to 3 per cent for their loans, which usually stand undis
distressing plight seriously threatened.”
turbed almost indefinitely. The time loan market is a
How unquestionably and unchangeably true these little more active, but the demand by no means equals the
last words are our foreign exchange market is all the supply. Lenders are getting to be quite indulgent as to
time telling us. On Tuesday, March 20, Mr. Smith, of collateral and borrowers are therefore encouraged to oper
the Chamber of Commerce, received the telegram from ate in some properties which in other conditions of the
the President’s private secretary discouraging the money market would be regarded as somewhat hazard
presence at Washington of the committee appointed by ous because of inability freely to borrow upon them.
the Chamber on that day. This was made public by There is no change in rates, which remain at 2 per
the press Wednesday morning and was accepted as en cent for thirty to sixty days, 21 per cent for ninety
suring a veto. Consequently “ foreign exchange,” as days to four months and 3 per cent for five to seven
THE
THE
March 31, 1894.]
C H R O N IC LE .
529
The market closed firm on Friday with nominal
rates 4 874 for 60-day and 4 89 for sight. Bates for
actual business were 4 86§ to 4 87 for lo n g ; 4 88
to 4 S8) for short; 4 8 8 ) to 4 8S4 for cable trans
fers ; 4 86 ) to 4 864 for prime and 4 86 to 4 86 ) for
documentary commercial bills.
The steamship La
Touraine on Monday brought 625,000 francs in
Spanish gold in transit for Cuba.
We have had quite a good many returns of railway
months to run.
European financial markets have been without spe gross and net earnings for the month of February, and
cial feature this week, although there has been an they make two things very clear; first that business
improvement in the feeling in London regarding was very poor with the roads in that month—with
American securities in anticipation of the veto of the some of them worse than in any preceding month
Seigniorage Bill. The Bank o f ’ England minimum since the depression began—and secondly that the roads
rate of discount remains unchanged at 2 per cent. were practicing the utmost economy in operations and
The cable reports discounts of aixty to ninety day cutting expenses down in a very rigid manner. The
bank bills in London l j @ l ) per cent; the open mar losses in gross earning3 for the leading systems are
ket rate at Paris is 2 ) per cent, at Berlin nearly all very striking, and they are the more note
it is 2 per cent and at Frankfort 2 f percent. According worthy since in most instances they follow losses last
to our special cable from London the Bank of England wear, the weather then having been very severe and
gained £158,40.2 bullion during the week and hold at having operated to reduce gross receipts while increasing
the close of the week £30,790,120. Our correspondent the expenses, thus producing poor returns of net. This
further advises U that the gain was due to the import fact has a further bearing upon the results the present
3
of £696,000 (of which £157,000 were bought in the year, since it shows that aside from the policy of re
open market, £318,000 were from the United States, trenchment forced upon the roads by the prevailing
£100,000 from Egypt, £38,000 from Australia, £31,000 industrial prostration, there was room for a reduction
from Portugal, £26,000 from India, and miscellaneous in expenses by reason of the absence of the special
£26,000), to an export of £300,000 wholly to Brazil weather conditions which last year had added so
and to £238,000 sent to the interior of Great Britain.
materially to the expense accounts of the roads.
The foreign exchange market has been dull and lower
The Pennsylvania Railroad reports for the month a
this week, influenced by an absence of demand, largely loss in gross earnings on the lines east of Pittsburg and
due to the prospect of the veto of the Seigniorage Bill, Erie in the large sum of $1,124,718. In no previous
which also encouraged buying of stocks and bonds by month since the panic has the loss been as heavy as this.
the arbitrage houses for European account, and this A t the same time there has been a decrease on the
supplied the market with bills and a reduc lines west of Pittsburg and Erie in amount of $543,tion in rates occurred. But at the same time offerings 287, making togethor $1,668,005. Nor must it be sup
of commercial bills have been small, export buying of posed that this covers the whole Pennsylvania system;
grain being to some extent checked by the advanco in roads like the Northern Central, the Alleghony Valley,
the market price caused by the reports of damage to the Philadelphia WilmiDgton & Baltimore, etc., being
winter wheat by the cold wave which passed over the operated separately, never appear in the Penn
country early in the week. A more confident feeling sylvania’s own returns. We may say that as compared
prevailed at
the close of the week that the with the decrease of $1,668,005 for February, as we
veto of the Seigniorage Bill would aid in restor now find it, the decrease in January was $1,189,329, in
ing confidence abroad in our currency situation, December $1,339,470, in November $1,367,024, in
and
consequently in American
securities, and October $1,477,484, in September $1,115,141, and
that
European
capital would seek investment in August $1,301,391, showing that the present
here instead of being withheld, as it has been for a long loss is decidedly the heaviest yet made. But
time. The market was fairly steady on Monday, only the reduction in expenses has been just as radical
Lazard Freres dropping both long and short half a cent. and noteworthy? On the lines east of Pittsburg the
Taesday it grew easier, when the pressure of arbitrage contraction has been over a million dollars ($1,014,078)
bills was felt. The tone was unchanged the following day and on the lines west of Pittsburg nearly half a million
(Wednesday), though several drawers dropped their rates dollars— $479,592. In a word, on the Eastern and
to 4 87) and 4 89, among them the New York Produce Western lines combined the loss of $1,668,005 in gross
Exchange Bank; on Thursday the market gradually has been offset by a reduction in expenses of $1,493,grew weak in the absence of demand, all the drawers 671, thus leaving a decrease in net of only $174,334.
with one exception at the close on that day quoting This decrease, however, follows a decrease in February
4 87) and 4 39. Yesterday the remaining drawer re 1893 on the combined lines of $755,367, though the
duced to the same figures, and the tone was firm on a figures then for the Western lines were on a somewhat
good demand from importers. The following shows the different basis.
The loss in gross last year was
daily changes in rates of exchange by leading drawers. $284,003. The following furnishes a comparison of the
Men., Tue*-,
rn ..
Thor*.,
TrU
results for the Eastern lines for a series of years past.
months on almost any good Stock Exchange collateral.
For commercial paper there is a good demand, hut
names are carefully scrutinized and the supply of such
paper as will pass close examination is light and conse
quently rates remain low at 3 per cent for sixty to
ninety-dav endorsed bills receivable, 34 to 4 per cent
for four months’ commission house names and 4 ) to 5 )
per cent for good single names having from four to six
Brown B ro*.
Bering.
8014
d a y i,.
M a*onn M C
Bank 8rtt1*ti
% m. Mar. 20. Mar. rr. Mmr. % Mar. 20. Mar. 30.
r.
%
f»
88
7U
j 60 lay/*
't SiXbt...
j 60
SffH
,
Ban* wt
t ft* dor*.. 88
•ibettnsr 4 Co)
rrtrw— w o » r
j
£*
w
m\i
m
Bo. A m e ric a ^ .) m hU ,...
M o n tre a l____ J &*ht___
C*a*rti*,n Bank ]
o f C o m m e rc e . < 0hrht___
so day * ..
89»-0
as
SB
*»*
mt
m
*®
S4
m
mn
88
m i
m
m i
s*
8“
8$
#7%
8K
88
8B34
m
m
m
m*
m\i
8“ S’*
99
E*
m4
m\4
#9
80
8734
8J
*
•‘34
89
88-87*4
L r s j w m ast o r
P IT T S B U R G .
February.
ISOS.
1893.
1802,
*
4.002,320
2 3 7 0 .6 0 0
*
t
5.1*7,018 8 ,2 0 7 .0 9 7
3,830.076 3,655.160
Net e&rnJnjr*...
1,125,720
1.236,330
Gross eamtrurs......
8734
39
Net earnings...
1890.
1889.
i
«
1,739,320 * 3 5 1 .0 8 1
3,130,351 3.185,060
1,571,931; 1,308,909
1,395.131
*
4 .4 2 1 ,1 5 6
3,029,714
1,391,442
J a n 1 to Ftb. 28.
8734
1
!
Gross eaminjr*.,...
Operat’Kexpenses.
8754
1 8 91.
b9
O p erat’ir ex p e n ses.
8,102.150 10.050,2? 1 10,223,838 10,051.795 9 .9 9 3 .4 0 1 8 .9 19.902
0.42 I'fK ft 8 ,3 13,010 7,580,3551 7 ,2 0 5 ,0 >? 7,202,225 0,477,064
1.740.225
1.7*6.665
2,610.48$
2.750.1081 2,701,177
2 .1 7 2 ,3 3 8
530
THE CHRONICLE.
For the two months, it will be seen, net on the East
ern lines is a trifle larger the present year than last year
while the Iobs in the gross has been 11,888,134:. But
the net falls $906,258 below the amount of the same
two years ago. On the lines west of Pittsburg and
Erie there is a decrease from last year for the two
months of $969,799 in gross and of $74,749 in net.
The Erie has been in some respects more unfortunate
than the other trunk lines, because being a large carrier
of anthracite, the shipments of which were greatly
diminished the present year by reason of the mild winter
weather, it suffert d in thiB way besides suffering from the
general business depression. The company reports a de
crease in gross for the month of $553,125, or over 25 per
cent, and this having been attended by a reduction of
only $209,704 in expenses left a loss in net of $343,421.
The present year’s falling off is additional to a decrease
of $178,141 in gross and $19,126 in net last year. Net
now at $296,220 compares with $639,641 in February
1893 and $658,767 in February 1892. For the fivS
months of the current fiscal year since the 1st of
October the road has lost $1,574,469 in gross and
$950,754 in net, the latter beiDg offset to the extent of
$129,243 by a decrease in the amount due to the leased
lines worked on a percentage basis, leaving the actual
net loss to the Erie $821,511. The Philadelphia &
Reading has done much better than the Erie, but had a
very heavy loss in February last year. For the Railroad
Company there is a decrease compared with February
1893 of $351,729 but an increase of $45,782 in net, be
cause of a saving in expenses. For the Coal & Iron
Company we have a decrease of $438,901 in gross and
a decrease of $14,507 in net. For the three months of
the Reading’s fiscal year since the first of December
there is a decrease of $679,070 in gross but an increase
of $152,315 in net for the Railroad Company, and a
decrease of $163,203 in gross and an increase of $59,566
in net for the Coal & Iron Co. The Central of New
Jersey for February has quite a heavy decrease in
both gross and n et— $335,993 in the former
and $230,750 in the latter. The New York Susque
hanna & Western reports for February gross of $105,904 against $104,392, and net of $35,689 against
$32,406. The New York Ontario & Western, which is
also a large anthracite carrier, reports $17,934 decrease
in gross but $26,814 increase in n e t; for the eight
months since the 1st of July the road has $184,643 in
crease in gross and $165,365 increase in net.
Among the granger roads the Chicago Burlington &
Quincy for February has suffered $554,344 decrease in
gross but only $64,010 decrease in ne>;; this follows
$86,149 decrease in gross and $144,072 decrease in net
in February 1893. The Milwaukee & St. Paul last
year had $142,657 decrease in gross and $153,558 de
crease in net. Now it reports $170,127 decrease in
gross but $131,190 increase in net. The Chicago Bur
lington & Northern has $41,965 decrease in gross,
$33,092 decrease in net; the Iowa Central $11,782 in
crease in gross, $28,435 increase in net. The Canadian
Pacific, after losing $162,855 in net in February last
year, has this year lost $64,391 more, so that the
total at $174,914 for 1894 compares with $402,160
for February 1892.
The Rio Grande Western
has net of $27,266 for 1894, against $38,418 for
1893 and $45,501 for 1892.
The Wabash last
year fell $68,004 behind in its gross but gained
$4,252 in net; this year it lias lost $157,361 in
gross, $61,365 in net. The Cleveland Cincinnati Chi
cago & St. Louis has gross of $876,393 for February
[V ol . L V IIL
1894, against $961,899 for 1893 and $1,106,496 for
1892, and net of $228,391, against $222,354 for 1893
and $294,679 for 1892. The Western New York &
Pennsylvania has gross of $195,839 against $256,118
last year, and net of $38,737 against $51,140, while
the Buffalo Rochester & Pittsburg has gro3s of $209,391 against $232,949, and net of $68,523 against $53,135.
The Northern Central, one of the lines controlled by
the Pennsylvania Railroad, has $138,843 decrease in
gross and $39,972 decrease in net, and the Allegheny
Valley, also controlled by the Pennsylvania, has $31,584
decrease in gross but $12,318 increase in net. The
Toledo Ann Arbor & North Michigan, with $10,542
decrease in gross, has $19,078 increase in net. The
Kansas City Fort Scott & Memphis, with $106,275 de
crease in gross, has $33,350 decrease in net, and the
Kansas City Memphis & Birmingham has $18,554 de
crease in gross and $19,812 decrease in net. The West
ern Maryland fell $13,797 behind in its gross, but as
expenses were reduced $11,296, the loss in net was only
$2,501; for the five months of the fiscal year from the
1st of October gross of this road is $398,029 against
$444,792, a decrease of $46,763; expenses $304,773
against $323,239, a decrease of $18,466, and net earn
ings $93,256 against $121,553, a decrease of $28,297.
In the South, the Chesapeake & Ohio, which last year
had a very heavy gain in net, this year has a decrease
of only $5,028 on a loss of over a hundred thousand
dollars in gross. The Norfolk & Western last year in
February lost $5,274 in gross and $36,810 in n e t ;
this year there is a further decrease of $111,830 in
gross and of $49,480 in net. The Georgia Southern &
Florida reports gross of $69,901 for February 1894
against $77,256 for February 1893 and net of $17,432
against $17,728. The Norfolk & Southern has gross
of $30,258 against $35,494 and net of $1,354 against
$12,311. It is stated that the decrease in gross for this
latter road is due to the fact that earnings last year had
been increased by business delayed in January because
of freezing weather, while as to the net there was a
reduction from that cause and also from the fact that
expenses in 1894 include about $7,700 for outlays for
steel rails and cross ties and for work usually done later
in the season.
The following table indicates the amount of bullion
In the principal European banks.
M arch 29, 1894.
Bank o f
Gold.
Silver.
M arch 3 0 ,1 8 9 3 .
Total.
£
£
£
30,790,120
R a g la n d ........... 30,790,120
F r a n c e . . . . . . . . 69,129,917 60,824,013 119,953,930
G e r m a n y * . .. . 34,001,250 11 333,750 45.335.000
A .u s t.-H u n g ’y 10.262,000 10.257,000 26.519.000
7.918.000 7.983.000 15.901.000
3 p a l n . . . . ........
4.329.000 7.079.000 11.408.000
N e t h e r l a n d s ..
3,155.333 1,577,667
4,733,000
N a t. B e lg iu m *
Gold.
Silver.
Total.
£
£
£
26,234.383
26,234,386
66.403.000 50.975.000 117,378 000
32.586.000 10,^02.000 43 448,000
10.420.000 17.130.000 27,550,CCO
7,713.004 4,712 000 13,425.000
3,183,000 7,198,000 10.381 000
4 579.000
3,052,667 1,526,333
T o t. t h i s w e e k 159.585,620 95,051,430 254,640,050 149,592,053 92.403.333 24 1 995,886
T o t . p r e v . w ’k 159 806,385 95,005,598 254.811,983 152,519,133 93.015.333 216 134,466
* The division (betw een gold an d silver) given in ou r tab le of coin
an d bullion in th e B ank of G erm any a n d th e B a n k of Belgium is m ade
from th e b est e s tim a te w e are able to o b ta in ; in n e ith e r case is i t
claim ed to be a c c u ra te , as th o se b anks m ake no d istin ctio n in th eir
w eekly r e tu rn s , m erely rep o rtin g th e to ta l gold a n d silver, b u t we
believe th e division we m ake is a close ap p ro x im atio n .
N o t e .— W e r e c e i v e t h e f o r e g o i n g r e s u l t s w e e k l y b y c a b le , a n d w h ile
n o t a l l o f t h e d a t e g i v e n a t t h e h e a d o f t h e c o l u m n , t h e y a r e t h e re
t u r n s i s s u e d n e a i e s t t o t h a t d a t e —t h a t i s , t h e l a t e s t r e p o r t e d f i g u r e s .
The following statement, made up from returns col
lected by us, shows the week’s receipts and shipments
of currency and gold by the New York banks.
W eek Ending M ar. 3 0 ,1 8 9 4 .
R eceived by Shipped by
N . T . Banks. N . Y . Banks■
N et Interior
Movement.
G o ld ....................................................... .......
$ 6 ,7 1 6 ,0 0 0
4 0 0 ,0 0 0
$ 4 ,7 0 1 ,0 0 0 G a l n .$ 2 ,0 1 5 ,0 0 0
2 0 0 ,0 0 0
2 0 0 ,0 0 0 G a in .
T o t a l g o l d a n d l e g a l t e n d e r s ___
$ 7 ,1 1 6 ,0 0 0
$ 4 ,9 0 1 ,0 0 0 O a i n .$ 2 ,2 1 5 .0 0 0
MjlRCB 81, 1894.]
THE CHK0N1CLE.
531
With the Sub-Treasury operations the result is as July 12, 1893, the dates nearest to June 4 and August
5, at which national bank returns were made to the
follows.
Comptroller. It will be remembered that the banks of
Out of
Into
Net Change in
Wee* sndina Mar. SO 1894.
.
the first three cities named issued loan certificates to
Banks.
Banka
Bank Holdings.
meet the crisis, but Chicago did not. The result
Banks’interior movement, as above $7,116,000 $1,901,000 Gain.$2.215,000
8,900,000 9,403,000 L033. 500,000 appears to have been that New York national institu
Total gold and legal tenders----- $16,016,000 $14,301,000 Gain $1,715,000 tions actually increased their loan account, loans on
May 4 beiDg reported 1307,372,243 and on July 12
$308,646,935; Philadelphia loans during the same
period were cut down only two per cent, those of Bos
ton only four per cent, while the banks of Chicago,
CLEARIN G -H O U SE C E R T IFIC A TE S AND
which lacked the emergency provision, were forced to
TH E CRISIS OF 1 8 9 S .
reduce their loans fifteen per cent.
There is an interesting paper in the last number of
Another outcome of the loan certificate issues was
the “ Political Science Quarterly” on the “ Banks and the starting of the gold imports, which proved the
the Panic of 1893” by Mr. Noyes, editor of the finan turning point of the panic. In case of a disturb
cial column of the Evening Post.
The purpose of the ance caused or aggravated by the hiding away of
article is to trace the difficulties and struggles of the money, the most obvious measure of relief, as Mr.
banks during the recent crisis and the methods adopted Noyes suggests, is the raising of loans in other coun
by them to relieve the public distress. The writer tries. He cites previous occasions when this method
also criticises bank management in some of its practices has been utilized. “ As long ago as 1838 foreign mer
which in his opinion increased the severity of the chants and bankers in New York borrowed £1,000,000
financial dislocation that caused them and their depos gold from the Bank of England to repair the shattered
itors so great suffering.
local bank reserves. The London Bank itself in the
We pass for the time beiDg the remarks as to bank same year relieved a similar distress in London by a
failures and the conditions which led up to the crisis. loan of £2,500,000 from the Bank of France. More
After the p
of 1893 had actually developed, the than half a century later, in November 1890, the Bank
important question was how best to limit its harm. of England averted panic by a series of operations all
As the case stood, there was no alternative for the of which hinged on the importation of £5,000,000 gold
banks in their depleted condition—they must contract borrowed from the banks of France and Russia. In
loans; and yet the increasing derangement could be this memorable episode the gold shipment was so dis
stayed only by discounting freely for all solvent tinctively an operation in the loan market that within
depositors. In this fix our New York banks had but six months the Bank of France received back its gold
one resource, the issue of Clearing-House certificates, in the very receptaclesyn which it had been conveyed
there being no other financial contrivance within the scope to London.”
of their powers which would enable them to protect their
The facts with reference to the somewhat similar
customers. For some of our readers it may be of use transaction last July are well known. It was the week
to state that these certificates are a “ species of currency beginning July 24 when the Erie Railroad failed, when
issued by a Clearing-House committee to all banks in the Milwaukee Bank closed its doors, when 72 per cent
the association applying for such accommodation and was paid in New York for call loans and time money
furnishing approved and sufficient collateral.
By was scarcely procarable, when bank failures, the clos
agreement they are accepted in payment of balances ing of factories and other industrial establishments
between the banks of the Clearing-House issuing became numerous in all parts of the country. In that
them. They cannot of course circulate outside the week "three bank presidents of Now York City appealed
limits of that association ; and an annual interest rate to the head of a prominent gold-shipping house to
of six per cent charged up daily against the bank in know if it was not possible to buy gold in London and
whose name such certificates are outstanding insures import it. The answer was—furnish the credits here
their early redemption when the money market is in New York and you shall have the gold. The
restored to equilibrium.”
requisite credits were instantly obtained through a
That currency device was adopted Juue 15; it gave heavy issue of Clearing-House loan certificates and
to our Clearing House institutions, what at the moment within twelve hours upwards of $5,000,000 had been
was so much needed, the ability to aid commercial obtained in London.”
classes. The collapse in Wall Street had already oc
That transaction resulted in the first considerable im
curred. followed by a general loss of confidence in port of gold from Europe [to the United States made
vaines and by monetary stringency and failures in every during the crisis ; it was almost immediately followed
part of the country. Mr. Noyes briefly but clearly de by larger imports and by a reversal of the industrial
scribes the state of affairs the banks at this centre had tendency from increasing embarrassment to incipient
to face and the relief they were now able to and did recovery. Then it was the country discovered what it
impart to merchants. Between June 4, 1893, the must give to recover the gold which the financial
week when the panic may be said fairly to have begun, machinery Congress constructed had driven from us.
and August 5, which may be called the height of actual We found it needful to pay high for it—in credits
panic, deposits decreased 153,466,000, the actual specie negotiated at unprecedented rates, in securities many
and legal-tender holdings decreased #49,621,800, and of them far lower than they had ever sold before, in
yet loans were contracted only #7,972,700, notwithstand wheat at prices under any that up to that time had
ing these losses, the Clearing-House certificates out been reached, and in commodities values of which were
standing on August 4 being #34,550,000. To further depressed to a similar extent. But we were rejoiced
show the efficacy of this emergency device, Mr. Noyes to get it even at that sacrifice, for it pulled us out of and
compares the returns of the national banks of New brought us through the most involved situation this
York, Boston, Philadelphia and Chicago on May 4 and country's financial affairs have experienced.
532
THE CHRONICLE.
[V o l .
l v iu
.
freight revenues was mainly due to the los3 of tonnage,
rates having been about the same in 1893 as in 1892.
T H E B U R L IN G T O N & Q U IN C Y REPO R T.
The decrease of $1,959,424 in aggregate gross reven
The annual report of the Chicago Burlington & ues was met to the extent of $1,244,507 by a reduction
Quincy for 1893 shows that this company lias passed in expenses, leaving the loss in net $714,917. Not
through a year of depression just about as we should withstanding this reduction, the ratio of expenses waE
expect in the case of a property of its strength and . x- actually slightly higher in 1893 than in 1892, being
cellent physical and financial condition. That <ne 68*37 per cent against 68*08 per cent, this including
great industrial prostration during the last half of the the taxes. While there was a loss, however, in the in
year, under which all the carriers suffered, is plainly come from railroad operations, there was a substantial
■visible in the results follows as a matter of course; increase in the income from investments, die., which is
and indeed the statements which the company issued reported $1,771,092 for 1893 against $1,281,818 for
from month to month have indicated quite clearly the 1892. As no doubt this latter increase will attract
way and the extent to which the road was being affect attention, it maybe well to state that a part of it is due
ed by the adverse conditions prevailing. On the other to the enlarged amount received for dividends and in
hand, it has also been evident that the officials of the terest on the securities of the controlled roads held by
road bad taken measures to meet the change in condi the Quincy. The enlarged return on these securities
tions, and through the practice of economy and re arises both from an increase in the distribution made
trenchment were seeking as far as possible to mini by the controlled properties and from an increase in
mize the effects of the falling off in traffic and earnings the amount of such securities owned by the Quincy,
—in a word were doing just what private individuals owing to the fact that with the paying off at maturity
and firms were doing, namely curtailing their outlays of the $3,542,550 of Burlington & Missouri River (in
Iowa) land grant 7s, certain bonds previously held
in every direction.
Large systems find it possible to carry into effect in the sinking fund for that issue were released and
measures of economy more readily than, small ones, became the property of the company. The controlled
and the Burlington & Quincy certainly ranks among lines suffered a comparatively small loss in gross earn
the largest systems in the country. The length of ings, the total dropping only from $7,410,007 to $7,road directly operated December 31, 1893, is reported 313,513 while expenses were reduced from $4,957,340 to
5,596 miles, being 40 miles more than at the close of $4,579,757. The result is that after allowing for the
the preceding year ; in addition the controlled proper requirements for interest, &c. (including $411,943 on
ties comprise 1,291 miles (the completion of the St. bonds held by the Quincy), these controlled lines had
Louis extension having added .25 miles during the left a surplus on the operations of the twelve months
year) making altogether close onto seven thousand miles of $1,026,203, against only $856,943 in the twelve
of roads, the system too being very compact. Earnings, months of 1892. Dividends were paid out of this sur
as we shall presently show, fell off considerably in 1893, plus of $1,021,957, all but $180 of which went to the
and yet the total of the gross for the twelve months Quincy. In brief, the Quincy received $1,021,777 in
on the lines directly operated reached $31,042,969, dividends from the controlled lines and $411,943 in
while the controlled properties earned $7,313,513 more, interest, or $1,433,720 together, against $856,656 in
giving 38-J- million dollars together. The total of stock dividends and $313,908 in interest in 1892, or an aggre
and debt outstanding December 31, 1893, on the Quincy gate of $1,170,564. The increase in the amount re
mileage was over 204£ million dollars, ($204,566,100), ceived from the investments in the controlled lines
and the controlled properties had 13.) millions more therefore was $263,156— which explains to that extent
($13,545,000) of debt outstanding, outside of the the increase in the grand aggregate of income from in
amounts owned by the Quincy, raising the grand total vestments and miscellaneous sources.
The company had augmented requirements for inter
to 218 million dollars. This shows the magnitude of
the investment interest in the property. Moreover, est and dividends to meet, but the increase in the income
none of the figures given—either of mileage, debt or from investments enabled it to earn the charges and div
earnings—include the Chicago Burlington & Northern, idends in full and carryforward a small surplus—$15,operating 371 miles, this being treated as a separate 044. In 1892 the surplus was $801,781. The increase in
property, though the Quincy owns practically the the dividend requirement is of course easily explained
whole of its stock. The road has about 12^ million by the issue of 5 | million dollars of new stock, this new
dollars of debt and earned in 1893 $2,361,155 gross stock figuring in the accounts for the last half of the
and $848,070 net.
year. The increase in the interest is due to the
Disregarding for the moment the controlled proper changes connected with the issue by the company of
ties, we find that gross earnings in 1893 fell off nearly $5,595,000 of its 7 per cent consolidated mortgage
two million dollars—$1,959,424. In ratio this is a de bonds and the payment of 3^ million dollars of Bur
cline of not quite 6 per cent, and therefore does not lington & Missouri River land grant 7s.
These
seem large in view of the adverse conditions which pre land grant 7s matured October 1, 1893, and
vailed. But the loss would have been much heavier the company has charged $213,738 of interest on them
except for the gain in the passenger earnings because in the accounts for 1893. On the Quincy’s own bonds as
of the World’s Fair. This gain amounted to $1,195,- they stood at the beginning of 1893 the interest for the
936, or 16*56 per cent, the number of passengers one year would have been $4,716,080; we find that $4,mile having at the same time increased 25*77 per cent. 908,192 is charged as the amount of interest paid, so
In the freight earnings there was a decrease of $3,078,- that evidently interest on the new bonds issued during
511, or 13*53 per cent, the number of tons moved one the year has been reckoned for the last six months.
mile having fallen off 10*50 per cent. Here then we The effect has been to increase the aggregate for the
see reflected the depression in business during the last year slightly as compared with what the charge would
six months which so materially changed the results for be if the interest on the new bonds issued in 1893 had
ih e year. The report states that this falling off in the counted for the whole twelve months instead of only
MaecB 31, 1894.1
THE (JHHONICLE.
533
for the last six months and the Burlington & Missouri credit to profit aud loss increased from 16,672,733 to
$14,715,400. Besides the St. Louis Keokuk & North
7s had not figured in the account?.
We hare stated that there is a surplus above the divi. western bonds released to it from the sinking fund,
dend and interest requirements for the year of $15,044. the Burlington & Quincy also during the year pur
This is independent of the net receipts of $108,422 chased from the Keokuk & Northwestern Company
from the land department, but after allowing for con #2,200,000 of its 6 per cent bonds, the proceeds of *
tributions of $165,090 to the sinkingfunds. The sink which were used by that company in the construction
ing fund payments really exceeded the amount given, of the extension to St. Louis. As regards the Quincy’s
this being simply the sum directly charged against current liabilities, the balance sheet shows an aggre
earnings. Counting the accretions in the fund itself, the gate of only #4,199,072 for interest, vouchers, pay rolls
total would be raised some $400,000 to $500,000. The aud sundry accounts, while the company held $4,511,heavy payments for these purposes have long been a fea 779 of cash, $2,345,483 of bills receivable and sundry
ture in the affairs of the Burlington & Quincy. With accounts, and had $3,082,791 of sundry available
the retirement of the Burlington & Missouri Elver securities.
Land Grant 7s, the largest of all the sinking funds
has disappeared, and yet even after that the aggregate EU R O PEAN RUMORS OF DISARMAMENT
of the sinking fund payments with accretions during
AND PEACE TENDENCIES G EN ER A LLY ,
.
1893 was in the neighborhood of 11,200,000.
Since the commencement of the year the outlook in
It is gratifying to find that with such large sinking Europe has been somewhat of a puzzle. The political
fund payments to make, the company could earn its 5 horizon has changed again and again. Sometimes it
per cent dividends. Yet the matter also has another has been bright and full of promise. Then suddenly
phase. The view which the management take of it is rumors of disagreements have given rise to grave
tersely expressed in the following quotation from the suspicions.
On the whole, however, it has been
remarks of President Charles E. Perkins; "By tempor noticeable that the tendency as well as the desire has
ary economies, postponing, where it could be done been in the direction of peace. The visit of the Rus
without impairing the safety and efficiency of the ser sian fleet to France was the cause of a slight ripple on
vice, expenditures which should properly have been the surface of affairs. It was only a ripple; and it
made, we were able in 1893 to divide 5 per cent soon disappeared. Peace and war, according to some,
on the capital stock.
I t is unnecessary to say that hung in the opposite scales during the earlier stages
this is not a satisfactory state of things; and while in of the Russo-German tariff treaty arrangements. All
this instance it will be attributed to, aud is in these little indications, however, of possible disturb
part due to the hard times, that is by uo ance have been removed out of the w ay; and we are
means
the whole story.
Railroad troubles have privileged to contemplate a sort of general entente
been for years, and still are, chiefly due to cordiak.
hard statutes, which by preventing the business of
The tariff question between Germany and Russia has
transportation from being conducted on business prin been brought to a happy termination, and the coldness
ciples and according to the natural laws of trade, have which has so long existed betweou the two Imperial
seriously injured that great industry, and in that way rulers has by what has seemed to be mutual willingness
have helped to produce the general depression now and mutual effort not only been got rid of, but been
existing; in other words, the difficulties of the rail succeeded by a friendship which has all the outward
roads arc among the causes, rather than effects, of hard appearance of being genuine and sincere. Rumor has
times.” It desorves to be noted that the view here it that there is a mutual desire to meet, and September
expressed does not differ much from that advanced by is already named as the month when they are likely to
President Ashley, of the Wabash, in the paper recently come together, either at Stettin or at Koenigsborg. I t
prepared by nim.
is admitted on both sides that the amicable settlement
As already stated, the Burlington & Quincy increased of the tariff question was to a largo extent, if not mainIts share capital daring the year. The exact amount y, due to the personal influence and efforts of the two
of the increase was 15,585*700, of which #5,595,300 Emperors—a circumstance which speaks well for the
waa sold to stockholders under the circular of January continuance of peace. It is impossible, indeed, to attaoh
28, 1893, and #400 represents stock issued for conver too much importance to the revived friendly relations
sion of bonds. The funded debt was actually reduced of Russia and Germany in present circumstances and in
•1,401,731 in the twelve months ; #5,595,000 of consol view of other existing relationships.
7l were gold to stockholders, bnt #3,542,550 of land
Another agreeable aspect of the general situation is
grant 7s were paid off, #552,500 of various issues of the Imperial gathering at Abazia. It would have been
bonds were purchased for the sinking funds and can exceedingly unfortunate if these rapprochement.y of the
celed, #100 of bonds were converted into stock, and Czar and the Kaiser had been in any way associated
#2,901,281 of branch road bonds were received from with unfriendly relations between Germany and Aus
the trustees of the Burlington & Missouri Eiver land tro-Hungary. Had there been any such association
grant 7s, and having ceased to be outstanding have Europe would have been ringing with war alarms, and
been deducted from the contingent liabilities ,of the the foreign news columns of our newspapers would have
branch roads. Besides the #2,901,281 of branch road been filled with all manner of reasonable and unreason
bonds received from the sinking fund trustees, able, likely and unlikely, war schemesand combinations
$2,434,900 of other bonds were received, and are of the Powers. As things are there is but one inter
now included in the balance sheet in the item pretation possible, and that is that Anstro-IIungary
of sundry available securities, and there were and Germany are on the beat of terms. This meeting
also received #1,300,000 of St, Louis Keokuk & of the Emperors and Empresses on the Adriatic Ooast
Northwestern 6 per cent bonds, the latter being furnishes abundant proof that in the event of any
now included under the head of investments in fresh disturbance in Europe threatening their common
other roads. Mainly as the result of these changes the interests or the interest of either, Germany and Austro-
534
THE CHRONICLE.
Hungary will unite their forces and act together. In
such circumstances we need have no fear of any fresh
war between Russia and Turkey for the pres
ent year at least, or of any attempt at reconstruction
in the Baltic provinces.
These, however, are not the only signs justifying
confidence in the continuance of peace. Rumors have
been put in circulation in regard to the possible forma
tion of an alliance between the three Emperors. It is
an old diplomatic plan. Such an alliance has existed
before, under slightly different circumstances, and not
for the good of some of the smaller nationalities. It
was the combined influence of Russia, Austria and
Prussia which brought about the dismemberment of
Poland. The ruler of Prussia, however, was not yet
Imperial. An alliance of the three Imperial Powers,
although not a new idea or absolutely without a prece
dent, would partake somewhat of the character of a
novelty in fact. It would not, however, necessarily
justify any alarm. The Triple Alliance still exists ; and
although Italy is not so able to bear her share of the
burden as she could wish, there is nothing in her
present position fitted to make any radical change in
her relations with the other two signatory Powers.
A n alliance of the three Emperors would not
only not mean the breaking up of the existing
alliance, it would strengthen the peace-preserving
forces. Such an alliance, in fact, would practically
remove all danger and even cause of war out of the
situation. If the rumor should prove groundless, and
no such alliance should take place, which is perhaps
the more likely of the two possible alternatives, it is
safe to count on the establishment of a good under
standing among the three Powers. It speaks well for
the peaceful disposition of the Czar that in bringing
about the new commercial treaty with Austria, he
showed quite as much personal anxiety as he did afterterwards in the case of Germany.
It is not wonderful that in view of all these facts
and circumstances a belief is gaining strength in the
establishment of peace on a somewhat solid basis. It
is the less wonderful when we see Italy taking the initial
step in the direction of disarmament, and taking that
step apparently with the consent and approval of the
other two members of the Triple Alliance. It is in the
highest degree significant that the statement was made
in the Italian Finance Commission, by one of the
members of said Commission, that he had on authority
which was absolutely reliable information that both
Emperor William and Francis Joseph of Austro-Hungary had made it known in the proper quarters that
they were pleased with the steps which had been taken
by the Italian Government to lessen the military
expenditures. In the same line of encouragement is
the report which we have from Denmark. No one
knows beyond a select circle how much Europe is
indebted to the wise counsels and peaceful purposes of the
good old King of Denmark. He more than any other
has influence with the Czar, and among the crowned
heads of the Continent there is none whose judgment
is more respected by those of his own order. We have
the King’s authority for it that the Czar is ready to co
operate in the matter of disarmament and that the
Emperor of Austria is equally ready to act in the same
direction. Chancellor Caprivi has committed himself
on the same subject. According to the interpretation
put upon one of his most recent utterances, the Kaiser
is foremost amoDg those rulers who earnestly desire a
prolonged peace, and is willing and ready to participate
[Von. LVttl.
in a movement which has for its object a general reduc
tion of military expenditures. If there is any truth at
all in these various rumors and reports, there has been
no such state of feeling in high places during the last
thirty years.
Encouraging as all this is to the enemies of war, it is
not to be imagined that disarmament is to be brought
about suddenly, or even at an early day. The feeling
thus revealed is valuable mainly because it justifies
hope in continued peace. It seems to say in so many
words, “ No one desires to disturb the peace.” It does
not say, “ Armaments will be immediately reduced.”
Italy cannot help herself. Reduction is a necessity of
her continued existence. All over Europe, among the
small as among the great Powers, the military burdens
are heavy. On the part of the great Powers the navy
is an additional burden. But none of the Powers have
been reduced to the same straits as Italy. Some of
them can hold out but a little longer; others can hold
out indefinitely. If Russia and Germany and AustroHungary are willing to follow the example of Italy, it
will only be on condition that France enters into the
compact. Will France then enter into the compact ?
If she does disarmament may go on. If she does not
general disarmament is impossible. Germany will not
leave herself at the mercy of her neighbor; and unless
Germany sets an example of reduction Russia and
Austro-Hungary will do nothing.
NORFOLK
&
WESTERN.
In studying the report of the Norfolk & Western we
are considering the affairs of a property which in its
present shape is the creation of the last few years and
whose growth and development during this time have
been quite phenomenal. Entirely new sections of country
have been opened up and new industries started, the
mineral regions especially having received attention
As a result, the road and the territory which it drains
and the industries which it has brought into being
have all assumed great prominence, absorbing a great
deal of new capital and becoming increasing factors in
thefactivities of the nation.
We recall these facts because it is essential to bear
them in mind in discussing the results of the year’s
operations. The year was such as to put to the test
even old, long-established industries, while here we
have entirely new industries which five years ago had in
many cases not yet come into existence. If these industries
had been ephemeral in character or of mushroom growth
they would have quickly disappeared under the pres
sure and strain resulting from the panic and the suc
ceeding great paralysis of trade all over the country.
But of course these industries are not of that character
and the period of adversity through which they have
been obliged to pass has been useful in demonstrating
that fact. We have stated above that the mineral in
dustries especially have been developed and expanded,
coal of course being chief among these, while iron has
likewise been a prominent factor. But, as our readers
know, in the general depression none of the industries
of the country suffered more severely than did the
iron industry, while the stoppage of manufacturing in
many lines of trade and in all parts of the country nec
essarily operated greatly to curtail the demand for
coal.
W e know what the effects of such conditions have
been in the case of the Pennsylvania Railroad, the
greatest of our railroad companies. The traffic of the
Norfolk & Western is in some respects quite like that
M
akcii 31, 1864. J
THE CHRONICLE.
585
of the Pennsylvania, coal, coke and iron predominat 1893 was 3,963,877 tons against 3,666,733 tons in 1892;
ing in it, and it has to be carried under much the same the increase, too, extended to both the line or local
circumstances—that is at very low average rates. As trade and to the tidewater shipments; the latter
a matter of fact, the Norfolk & Western received an amounted to 2,072,126 tons in 1893 against 1,882,487
average of but little over half a cent per ton per mile tons in 1892, and the local shipments were 1,891,751
(0-514 cent) on its entire tonnage in the late year, tons against 1,784,240 tons. For such a bad year as
while the average for the Pennsylvania division (Pnila- was 1893 this is a noteworthy record. It deserves to
delphia to Pittsburg and branches) of the Pennsylvania be pointed out, too, that if we deduct the mineral ton
Railroad was 0-555 cent and for all the so-called lines nage (including coal) from the aggregate freight ton
east of Pittsbnrg and Erie, including the Pennsylvania nage, the remainder, representing general and miscel
division, 0-614 cent. In building up the coal and coke laneous freight, records only a comparatively small de
industries on its line the Norfolk & Western of crease—the result being 1,725,821 tons for 1893 against
| course has from the first come in competition with 1,819,066 tons for 1892—thus showing that the ordin
| the products of the older regions— the Clearfield, the ary merchandise traffic of the road was well m ain
j! Cumberland, the Connellsville regions, Ac.—and the tained.
These are all encouraging features. As to what the
i success attending the effort has been all the more reI markable because of that fact. During 1893, under situation ia likely to be in the future, that will of
1 the diminution in the demand for coal during the last course depend entirely upon whether the general trade
six months because of the industrial depression, this of the country is to resume its normal status or is to
< competition was greatly intensified, and thus the coal continue depressed, and on that point one man's opin
and coke producers of the new regions were put to a ion is as good as another’s. The report states that at
. severer test than any yet experienced. Bat they suc no time in the company's history has business depres
ceeded in holding their own better than any one would sion been so widespread and severe as during the la3t
have thought possible under the circumstances. And half of 1893. It is also toted, however, that despite
the same appears to be true of moat of the other new the extreme depression and very low prices in the iron
trade, 5 out of 13 large iron furnaces upon the line o f
industries along the line of the Norfolk A Western.
We need hardly say that these industries, as well as the road continued in successful operation during the
the Norfolk & Western itself, which is dependent upon year, “ demonstrating the fact that iron can be made
f their continued prosperity, have suffered severely from in Virginia in successful competition with the other
the effects of the unfavorable conditions. It was a iron-producing regions of the country.” Furthermore,
foregone conclusion that they would. With business that the economies, necessitated by the low prices,
in a state of paralysis in other parts of the country the enabled ores to be mined and coke and iron to be man
new sections could not hope to be exempt from the ufactured at prices not before deemed possible; and
'j| common depressing influence. The point of import that the earnings of the road from that class of traffic
ance is that judging from the results in the Norfolk A j will unquestionably increase with the revival of this
Western report, they have suffered no more than the I industry.
older and longer-established sections and in some cams
Aggregate gross earnings of the road were slightly
1 not so much as these. The Norfolk A Western carried larger in 1893 than in 1892, notwithstanding the loss
6,325,735 tons of freight of all kinds in 1893 against in freight and passengers from the depression in busi
* 6,824,727 tons in 1892.
Previously the traffic had ness, but the gain of course occurred in the early
steadily and largely increased for a great many months, the later^months showing a decided falling off.
years, and this is the firet check, therefore, in Net earnings, however, owing to the increase in average
the upward movement.
Under a normal state mileage operated, show a small decrease. The year
1 of things it is certain the increase would have has been a trying one to the managers. In building
have continued in 1893, especially as the Ohio Exten up the system large additions to the debt of course
sion afforded the opportunity for growth in a new di have been made in recent years, and it is necessary to
rection. Bat even as it is, the falling off is only 298,- earn a return on this debt. The requirements for in -1
K?
992 tons, or considerably less than 5 per cent. When terest were considerably heavier in 1893 than in 1892,
1 it is remembered that in the three years preceding, and net earnings, as we see, were slightly less. The
• from 1889 to 1892, the tonnage hail increased fin part company had suspended dividends upon its preferred
1 as the result of the acquisition of additional road) from shares in April 1893, bnt later in the year it was no
r|f3,435,797 tons to 6,624,727 tons, the increase thus longer a question of dividends but whether the com
having been over three million tons, the decrease which pany would during the period of intense depression bo
'i -recurred ia 1893 is certainly very smalt. In the num- able to earn its fixed charges in full. As it happens,
- ber of tons moved one mile there was actually a fur the report now issued shows that the company fell com
ther increase in 1893 (on account of the longer average paratively little short of doing this, the deficiency for
'haul) and the total consequently is the largest ever the twelve months being only $99,742.
1 reached.
The company during the year sold $5,000,000 of its
Looking now at the mineral traffic, we find that 4,- 100-year mortgage bonds held in its treasury and
599,914 tons were carried in 1893 against 4,805,661 tons issued $5,000,000 of preferred stock. The two com
in 1892, 4,154,884 tons in 1891. 3,558,869 tons in 1890 bined were sold for $5,250,000 in cash, and with tbo
and 2,436,757 tons in 1889. This of course includes proceeds the company paid off the $2,000,000 collateral
c0*l- The coal tonnage, by itself, really increased, loan, $406,010 of bills payable and $86,000 of con
notwithstanding the business depression, being 2.869,- vertibio debenture bonds; and $2,670,683 was applied in
215 tons for 1893 against 2,636,073 tons for 1892 and payment for new construction and equipment expendi
the coke tonnage also increased, having been 539,5 (8 tures. Some additional amounts of car trusts were
tons against 499,777 tons. The figures here given do also issued in purchase of additional equipment. The
j not embrace coal transported for the company's own j company had December 31, 1893, a small amount of
use. Including this, the tonnage of coal and coke in bills payable outstanding, namely $382,918; accounts
THE CHRONICLE
payable then were $1,077,152, and interest accrued, &c.,
was $1,024,085, making about 2 | million dollars
together. At the same date the company held $1,300,372 of cash, of which $439,000 was required for the
payment of the remainder of the convertible debenture
bonds (which matured January 15,1894,) and $149,727
was set aside for specific purposes, leaving $711,645
available for the general uses of the company. The
payment of the convertible debentures has released
$439,000 of the 100-year mortgage bonds and $839,000
of the same bonds remained in the treasury on Decem
ber 31; the company also had at that date $1,280,190 of
accounts receivable, and $547,117 of advances to other
mparties. As regards the prospects for the current
■ar, President Kimball points out that while the busiueos outlook is still uncertain, and no reliable forecast
can be made as to the traffic and revenue to be expected,
some encouragement is to be derived from the fact that
by reason of the economies which have already been
made, and others to be made, the company’s operating
expenses will be materially reduced, so that with gross
earnings no greater than during 1893 there should be
an improvement in the net results. He also says that
so far as at present contemplated the system is com
plete, and the property in good condition, and that as
no improvements or additions are at present required,
the fixed interest charges for the year are not likely to
increase.
TH E S IL V E R
S E IG N IO R A G E B IL L .
President Cleveland on Thursday vetoed the socalled Bland Silver Seigniorage Bill and sent to the
House of Kepresentatives the following message ex
plainiDg his action:
To the H ou se o f Representatives:
I return without my approval House Bill No. 4,596, entitled
“ An act directing the coinage of the silver bullion held in the
Treasury and for other purposes.” Mv strong desire to
avoid disagreement with those in both Houses of Congress
who have supported this bill would lead me to approve it if I
could believe that the public good would not be thereby en
dangered and that such action on my part would be a proper
discharge of official duty. Inasmuch, however, as I am
unable to satisfy myself that the proposed legislation is either
wise cr opportune, my conception of the obligations and re
sponsibilities attached to the great office I hold forbids the
indulgence of my personal desire and inexorably confines me
to that course which is dictated by my reason and judgment,
and pointed out by a sincere purpose to protect and promote
the general interest of our people.
The financial disturbance which swept over the country
during the last year was unparalleled in its severity and dis
astrous consequences. There seemed to be almost an entire
displacement of faith in our financial ability and a loss of
confidence in our fiscal policy. Among those who attempted
to assign causes for our distress it was very generally con
ceded that the operation of a provision of law then in force
which required the Government to purchase monthly a large
amount of silver bullion and issue its notes in payment
thereof was either entirely or to a large extent responsible
for our condition. This led to the repeal on the first day of
November, 1893, of this statutory provision.
We had, however, fallen so low in the depths of depression
and timidity, and apprehension had so completely gained con
trol in financial circles, that our rapid recuperation could not
be reasonably expected. Our recovery has, nevertheless, stead
ily progressed, and though less than five months have elapsed
since the repeal of the mischievous silver purchase require,
ment, a wholesome improvement is unmistakably apparentConfidtnce in our absolute solvency is to such an extent rein
stated, and faith in our disposition to adhere to sound finan
cial methods is so far restored, as to produce the most encour
aging results both at home and abroad. The wheels of do
mestic industry have been slowly set in motion, and the tide
of foreign investment has again started in our direction.
Our recovery being so well under way, nothing should be
done to check our convalescence, nor should we forget that a
relapse at this time would almost surely reduce us to a lower
stage of financial distress than that from which we are just
emerging. I believe that if the bill under consideration should
become a law, it would be regarded as a retrogression from
the financial intentions indicated by our recent repeal of the
provision forcing silver bullion purchases, that it would
weaken, if it did not destroy, returning faith and confidence in
our sound financial tendencies, and that as a consequence our
[V ol. LVI1I,
progress to renewed business health would be unfortunately
checked, and a return to our recent distressing plight serious
ly threatened.
This proposed legislation is so related to the currency con
ditions growing out of the law compelling the purchase of
silver bv the Government that a glance at such conditions
and a partial review of the law referred to may not be unprof
itable. Between the 14th day of August, 1890, when the law
became operative, and the 1st day of November, 1893, when
the clause it contained directing the purchase of silver was re
pealed, there were purchased by the Secretary of the Treasury
more than one hundred and sixty-ehht millions of ounces of
silver bullion. Iu payment for this bullion the Government
issued its Treasury notes of various denominations, amounting
to nearly $156,000,000, which notes were immediately added
to the currency in circulation among our people. Such notes
were by the law made legal tender in payment of all debts,
public and private, except when otherwise expressly stipu
lated, and were made receivable for customs, taxes, and all
public dues, and when so received might be reissued. They
were also permitted to be held by banking associations as a part
of their lawful reserves. On the demand of the holders these
Treasury notes were to be redeemed in gold or silver coin in
the discretion of the Secretary of the Treasury; but it was
declared as a part of this redemption provision that it was
“the established policy of the United States to maintain the
two metals on a parity with each other upon the present
legal ratio or such ratio as may be provided by law.” The
money coined from such bullion was to be standard silver
dollars, and after directing the immediate coinage of a little
less than 28,000,000 ounces, the law provided that as much of
the remaining bullion should be thereafter coined as might
be necessary to provide for the redemption of the Treasury
notes issued on its purchase, and that “any gain or seignior
age arising from such coinage shall be accounted for and paid
into the Treasury.”
This gain or seigniorage evidently indicates so much of the
bullion owned by the Government as should remain after
using a sufficient amount to coin as many standard silver
dollars as should equal in number the dollars represented by
the Treasury notes issued in payment of the entire quantity
of bullion. These Treasury notes now outstanding and in
circulation amount to $152,951,280, and although there has
been thus far but a comparatively small amount of this bul
lion coined, yet the so-called gain or seigniorage, as above de
fined, which would arise from the coinage of the entire mass
has been easily ascertained to be a quantity of bullion suffi
cient to make, when coined, 55,156,681 standard silver dol
lars.
Considering the present intrinsic relation between gold and
silver, the maintenance of the parity between the two metals
as mentioned in this law can mean nothing less than the
maintenance of such a parity in the estimation and confidence
of the people who use our money in their daily transactions.
Manifestly the maintenance of this parity can only be ac
complished, so far as it is effected by these Treasury notes,
and in the estimation of the holders of the same, by giving
to such holders, on their redemption, the coin, whether it is
gold or silver, which they prefer. It follows that while in
terms the law leaves the cboi e of coin to be paid on such re
demption to the discretion of the Secretary of the Treasury,
the exercise of this discretion, if opposed to thedemands of the
holder, is entirely inconsistent with the effective and bene
ficial maintenance of the parity between the two metals.
If both gold and silver are to serve us as money, and if they
together are to supply to our people a safe and stable cur
rency, the necessity of nreserving this parity is obvious. Such
necessity has been repeatedly conceded in the platforms of
both political parties and in our Federal statutes. It is no
where more emphatically recognized than in the recent law
which repealed the provision under which the bullion now on
hand was purchased. This law insists upon the “maintenance
of the parity in value of the coins of the two metals and the
equal power of every dollar at all times in the markets and in
the payment of debts.”
The Secretary of the Treasury has heretofore, for the best
of reasons, not only complied with every demand for the re
demption of these Treasury notes in gold, but the present
situation, as well as the letter and spirit of the law, appear
plainly to justify, if they do not enjoin upon him, a continua
tion of such redemption.
The conditions I have endeavored to present may be thus
summarized:
(1.) The Government has purchased and now has on hand
sufficient silver bullion to permit the coinage of all the silver
dollars necessary to redeem, in such dollars, the Treasury
notes issued for the purchase of said silver bullion, and enough
besides to coin as gain or seigniorage 55,156,681 additional
standard silver dollars.
(2) There are outstanding and now in circulation Treasury
notes issued in payment for the bullion purchased amounting
to $152,951,280. These notes are legal tender in payment of
all debts, public and private, except when otherwise expressly
stipulated ; they are receivable for customs, taxes and all
public dues when held by banking associations ; they may be
counted as part of their lawful reserves, and they are redeemed
by the Government in gold at the option of the holders.
These advantageous attributes were deliberately attached to
these notes at the fime of their issue ; they are fullv understood
by our people, to whom such notes have been distributed as
currency, and have inspired confidence in their safety, and
March 31, 1894.1
THE
537
CH RON ICLE.
values have undoubtedly thus induced their continued and con
tented use as money, instead of anxiety for their redemption.
Having referred to some incidents which I deem relevant to
the subject, it remains for me to subm it a specific statem ent
of my objections to the bill now nnder consideration.
This bill consists of two sections, excluding one which
merely appropriates a sum sufficient to carry the act into
effect* The first section provides for the imm ediate coinage
of the silver bullion in the Treasury which represents the socalled gain or seigniorage which would arise from the coinage
of all the bullion on hand, which gain or seigniorage this
section declares to be $55,138,631, It directs that the money
go coined or the certificates issued thereon shall be used in the
payment of public expenditures, and provides that if the
1 needs of the Treasury demand it, the Secretary of the Treasury
i mav in his discretion issue silver certificates in excess of such
i coinage not exceeding the am ount of seigniorage in said sec
tion authorized to be coined.
i The second section directs th a t as soon as possible after the
, coinage of this seigniorage the rem ainder of the bnl lion held
by the Government shall be coined into legal-tender silver
dollars, and that they shall be held in the Treasury for the
: redemption of the Treasury notes, issued in the purchase of
said bullion. I t provides th a t as fa3t as the bullion shall be
i [ coined for the redemption of said notes they shall not be re: issued, but shall be canceled and destroyed in am ounts equal
to the coin held a t any tim e in the Treasury derived from the
coinage provided for, and that silver certificates shall be
issued on such coin in the manner now provided by law. It
; is, however, especially declared in said section th a t the act
shall riot be construed to change existing laws relating to the
legal-tender character or mode of redemption of the Treasury
notes issued for the purchase of the silver bullion to be
coined.
The entire bill is most unfortunately constructed. Nearly
every sentence present* uncertainty and invites controversy
as to its m eaning and intent. The first section is especially
faulty in this respect, and it is extrem ely doubtful whether
its language will permit the consummation of its sup[>osed
pnrpcees.
I am led to believe that the promoters of the bill intended
this section to provide for the coinage of the bullion constitut
in g th e gain or seigniorage, as it is called, into standard
stiver dollars, and yet there Is positively nothing in the section
to prevent its coinage into any description of silver c fins now
authorized under any existing law. I suppose this section
was also intended, in cate the needs of the Treasury called for
money faster than the seigniorage bullion could actually 1)9
l, to permit the issue of stiver certificates in advance of
Mintage; but its language would seem to permit the
©e of -uch certificates to double the amount o f seignior
age as stated, one half of which would not represent an nance
E
of silver in the Treasury. The debate upon thi* section in
the Congros developed an earnest an 1 positive difference of
opinion as to its object and meaning. In any event, I am
{clear that the present perplexities and embarrassment* of the
•Soretary of the Treasury ought not to be augmented by
devolving upon him the execution of a law so uncertain and
c on fu sed .
which are legal tender for all debts, public and private, and
which are redeemable in gold or silver, a t the option of the
holder, will be replaced by silver certificates which, w hatever
m ay be their character and description, will have none of
these qualities. In anticipation of this result, and as an im
mediate effect, the Treasury notes will naturally appreciate in
value and desirability. The fact th at gold can be realized
upon them, and the fu rth er fact th a t their destruction has
been decreed when they reach the Treasury, m ust tend to
their w ithdraw al from general circulation to be im m ediately
presented for gold redemption or to be hoarded for presenta
tion at a more convenient season. The sequal of both opera
tions will be a large addition to the silver currency in our cir
culation and a corresponding reduction of gold in the Treasury.
The argum ent has been m ade th at these things will n o t
occur at once because a long tim e m ust elapse before the
coinage of anything but the.seigniorage can be entered upon.
If the physical effects of the execution of the second section
of this bill are n ot to be realized until far m the future, this
m ay furnish a strong reason why it should not be passed so
m uch in advance ; but the postponement of it* actual o p -ra
tion cannot prevent th e fear and loss of c o n fid e n t a n d
nervous precaution which would imm ediately follow its p a s
sage and bring about its worst consequences. I regard th is
section of the bill as embodying a plan by which the Govern
m ent will lie obliged to pay out its scanty store of gold for no
other purpose than to force an unnatural addition of silver
money into the hands of our people. This is an exact re
versal of the policy which safe finance dictates if we are to
preserve parity between gold and silver and m aintain sensible
bimetallism.
We have now ouis’anding more than three hundred and
thirty-eight millions of dollars in silver certificates issued
under existing laws. They are serving the purpose of money
usefully and w ithout question. Our gold reserve, am ounting
to oniy'a little more than $100,000,IK10, is directly charged
with the redemption of $346,000,000 of United States notes.
When it is proposed to inli n e our silver currency, it is a tim e
for strengthening our gold reserve instead of depleting it, I
cannot conceive of a longer step towards silver monometallism
than wejt&ke when we spend our gold to buy silv ercenificates
for circulation, especially in view of the practical difficulties
surrounding the replenishment of our gold.
This leads m e to earnestly pres- n t the desirability of grant
ing to the Secretary of the Treasury a better power tha n now
exists to issue bonds to protect our gold reserve when for an y
reason it should be nee. ssary. Our currency Is in such a con
fused condition, and our financial affairs are apt to assum e nt
any time so critical a position, th a t it seems to me such a
cmir-e h dictated by ordinary prudence.
1 am not insensible to the argum ents in f tvor of coining the
bullion 8-isrntorage now in the Treasury, and I believe it could
be done safely and with advantage if the Secretary of the
Treasury had tii« power to issue bonds at a low rate of in ter
est, under authority, in ubsistuuon of th at now existing am i
better suited to the protection of the Treasury.
1 hope a way will present itself in the near fu ’ure for th e
adjustm ent of our monetary aff drs in such a com prehensive
and conservative m anner as will afford to silver its proper
place in our currency; b ut in the mean time I am extrem ely
solicitous th at whatever action we take ou thi* su b ject
may be such as to prevent loss and discouragem ent to our
people a ’, home and the destruction of confidence ta o u r
financial management abroad.
1 am not will to -. however, to rest my objection to this sec
tion solely on these grounds: in my judgment. sound finance
lot* not com mend a further infusion of sliver into our eur-eocy at this time unaccompanied by further adequate pro
vision for the maintenance in our treasury of a safe gold
rwerve.
GROVES CLEVELAND.
Executive Mansion. March 29, 1891.
Doubts also arise as to the meaning and construction of the
section of the bill. If the silver dollars therein di* j
to be coined ate, a* the section provides, to be held in !
Stock B s c u d o k C i.B tiuso.IIotfsa T ransactions' — The
Treasury for the redemption o f Treasury notes, it is sug1 that, strictly speaking, certificates cannot ho issued on ! subjoined statement includes the transactions of the Stock
coin “ in the manner now provided by law,” became ; Exchange Clearing-House from March, 19 down to and includ
dollars are money held in the Treasury for the express ing Friday. March 30 : also the aggregates for January, Feb
_ sc of redeeming Treasury notes on demand which j ruary and March in 1891 and 1893.
could ordinarily mean that they were set apart for the
STO C K EX U IIA X O E C U S 4 K tS > ) B O M S T R lX S i C r i O S *
of aalwiituting them for these Treasure note .. They j
therefore, held in such a wav as to furnish a basin for
tea according to any provision o f existing law. If,
OWever, silver certificate* out properly lx* L-eued upon
filar.. there is nothing in the section to imf
th e
Mhiw et. hath tifltM,—*
— •BaU rm et, one tid e ,--—~- <M«hr
■
Oicmrtd. fa ta l Talar, Charts, V a iu t Share*i. Oath, C
near’d
£
j *fmtf.h—
if.
»
«t nMiiitjfi 2|O,7OOJV*0
JftflL, tbJ'X
6,sts§
•2 7 sip-fl 172.701,000 %AM fM l e .is i
*l M
i&m, t&.v
.'S’
H
Map., I&eJ. sri,:..ii.ioc
WTJ&fa**009 H Hi It’ I 7,oHl«
I ijnNf ft,tfti, 109,005
, i mtmiM!®. vo & m jm m jfi o
ibwacteristies and functions of these certificates. It they ;
w&i,
M?4T
»Ff
’■re to he of the same character as silver certificate;1 in <i r c u - ! Jt« u im 4 , m jk
"P i JfC ffr.t
“ rfS
O
IZJH
IJXiBAiWi A Sflfl 000
5jtm
Utica under existing laws, they would at best be recei' abb
Mmr., Ifttt. Jri.ri
• 1.07«3,4d i>>0
JO 5;^ 100
141*4,709
i
t
h,&HA)0 19,000
SM
si'IjSOO
er customs, taxes and all public dues, and under the
uage ■ mm*. , m tb
rm, t,#th tide*.—, —
f this section it is, to say the least, extremely
Bmlance*, a m ti tit.—
Sheets
h tfu l
OwUrtd, f atal Ymlm, Shaft*, Value Shares. C ash.C har'll.
kbsther the certificate# it contemplates would be
fuliy
%
§
8
ccetved even for such purposes.
71,100 4.000*000 77.700
M a r.to .. 835 >700 51,000,000
330
Whatever else may be said of the uncertainties of i x p r e w i o n
* 20 *. m i,a m 45,600,000
*
70.400 t, too.ooo 83,300
309
” 2 1 .. 760 ,500 53,700.000
62,900 4,000,000 95,210
310
i this Ifill, they certainly ought not to be found in legi-d.it i
” 2 2 ,, ? m ,,200 47,000,0 JO
63,700 8,800,000 85,700
307
uccting subjects so important and far-reaching as our
2 3 * ,,.......
< j
W
*9 j
nances and currency. In stating other and more important
•Mons for mv disapproval of this section I shall, however, Tot, w k ..3,017 .600 108,400.000 271,100 16,300,000
1,206
euime that under its provisions the Treasury notes issued in W ktastyr-4,8-11 .100 323.300.000 190,800 32,900,000 743,300 1 ,0 7 0
M a r.a n .. t;c,o ,200 38,200,000
ayment £O silver bullfei frill co&ttmio to be re4ctni^d, as
f"
01,000 3.300,000 58,600
303
ereiofore, hi tiitet or gold, at the option of the holders,- and
if, when they are preiented for redemption, or reach the
ramtrj'
in any other manner, there are in the Treasury
fined s tiv e r dollars equal in nominal value to such T r e a s u r y
”
“
♦
*
“
2 7 .. IT! ,600 27,600,000
2 8 .. 4.91 .000 25,500,000
2 9 .. 577 ,300 29,200.000
3 0 .. 60§,g00 34,900,000
>tes. then, and in that case, the notes will bo destroyed and T o t w k.. S, 878,300 155,400,000
iver certificates to an equal amount substituted.
* w* ocbvlncerl th it this scheme Is iil-advi.ed and danger*
is. As an ultimate result of its operation Treasury notes,
W kla*tyr3,7'i9.300 235.700,000
50,900
51,200
55,500
68,100
2.700.000
2,500,000
2,600,000
3,200,000
39,000
•11,100
61,200
50,700
277
293
2.96
29S>
289,700 11,300,000 250.000 1 ,4 5 9
412,800 26,300,000 481.200 1 ,2 5 0
The stocks cleared now are A merican Cotton Oil com m on,
American Sugar common, Atchison, Chicago Burlington &
THE CHRONICLE.
538
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com
mon, Chicago & Northwestern, common, Chicago Hock Island
& Pacific, Delaware Lackawanna & Wee' rn, Distilling &
Cattle Feeding, General Electric, Lake Snore & Michigan
Southern. Louisville & Nashville, Manhattan, Missouri
Pacific, New York Central, New York & New England, New
York Lake Erie & Western, Northern Pacific preferred,
National Lead common, Philadelphia & Beading, Union Pa
cific and Western Union.
nctatnjf
mmc vci aXgtiQlisIxUeurs
lF ro m o u r ow n co rre sp o n d e n t.!
L ondon, Saturday,
[VOL. LVIII.
It has ranged during the week between 27%d. and 27%d. per
ounce.
The surrender of the revolted fleet to the Brazilian Govern
ment has been welcomed here by all classes, and hopes are
entertained that revolutionary troubles will now rapidly
subside. In consequence there has been a sharp rise in Brazil
ian securities. Indeed, most South American securities have
recovered in sympathy with Brazilian. For a day or two
there was also more speculative buying than there has been
of late in the market for United States secuiities; but on
Thursday the market was disappointed, because support had
not been given by New York, and a good deal of selling
occured. The truth is that speculation just now has little
chance of success. There is a very fair amount of investment
business goiDg on, and good American bonds are in
demand. But the public is not inclined to speculate and
will not follow professionals, therefore, whatever they may
do. Besides, the opinion prevails that any great improvee
ment in the American market cannot be maintained until th
tariff question is settled one way or another. For all that,
there is a much better feeling than there was, and each week
the improvement makes progress.
The hopes that were lately entertained that the Italian
Chambers would approve the new taxes proposed by the
Government have grown much weaker. Italian rentes art
again being sold on a considerable scale, and there is talk ol
a further reduction of the interest to 3% per cent. In Pari;
it is generally believed that the change o f ministry in Spaii
has been made for the very purpose of conciliating the great I
French bankers. They have demanded concessions iu respec
to the railways in Spain owned by French companies. Tht
late Finance Minister refused their demands, and as he ha:
retired, and Senor Sagasta has appointed his own nephew
to succeed him, the opinion in Paris is that the Spanisl
Prime Minister intends to yield to the demands of the
bankers. If so, it is hoped that a large Spanish loan will h.
brought out in Paris. Business on the Paris Bourse, how
ever, is rother quiet for the time being, because of the Anar
chist outrages. But confidence is decidedly reviving in Ger many, where it is hoped that the commercial treaty wit)
Russia will not merely improve the trade between the tw
countries, but will lead by and by to a very large business ii
Russian securities.
The prospects of trade here are decidedly brightening
Money is exceptionally cheap and is likely to continue so to
a long time. Prices are unusually low, especially the price
of raw materials and of food. Consequently manufacturer
are able to buy raw materials on most favorable terms fr
themselves, and the cheapness of food largely compensate
the working classes for the reduction in wages. The Labe
Correspondent of the Board of Trade reports that employmer
was fuller in February than in January, and in January tha
in December, and that there is a prospect of further improve
ment in the early future. The railway traffic returns like
wise continue to show satisfactury increases, and the mark;
reports and trade circulars are decidedly more hopeful. Tl
revenue, too, is coming in better than it did, and the prospe
now is that the final result will fall below the Chancellor
it
the Exchequer’s estimate less than a million sterling.
M
The following return shows the position of the Bank
6
England, the Bank rate of discount, the price of consols, &c
a
compared with the last three years:
March 17, 1894.
Money has been 'in fairly good demand during the week,
and the Bank of England has done a large business in loans
a t 2 per cent. The demand is very temporary, being caused
partly by the Stock Exchange settlement, which began on
Tuesday morning and ended on Thursday evening, and partly
to preparations for the Easter holidays. During the week the
Bank received net over a quarter of a million sterling in gold,
and laige amounts are on the way from South Africa, Aus
tralia and other quarters. The total now held by the Bank is
a trifle over 30% millions sterling. The reserve again in
creased during the week, and is now somewhat over 23%
millions sterling—by far the largest reserve ever held.
The half-yearly meeting of the shareholders of the Bank of
England was held on Thursday, when a dividend was approved
a t the rate of 4% per cent, comparing with 4% per cent at
this time last year. The Governor read a carefully prepared
short statement in reference to the grave irregularities of
the late chief cashier. He said that that gentleman had made
loans and granted over-drafts without authority from, and
unknown to, the Governor and the directors. The directors
bad set aside a quarter of a million sterling to meet the conse
quent losses. They hoped, however, that the provision would
prove to be mote than sufficient. There is much dissatisfac
tion in the city with regard to the statement. It was hoped
that fuller information would be given, and especially it was
expected that some reform would be announced in the con
stitution of the Bank. On that point, however, the Governor
contented himself by saying that precautions had now been
taken to guard as much as possible against the recurrence of
Irregularities.
In reference to the Baring liquiiation, the Governor stated
that the liabilities had been reduced from £4,223,000 on the
31st of August last to £3,558,000 at present, a reduction of
about £665,000. The debt due from the estate to the Bank in
the same time was reduced from £4,095,000 to £3,450,009, a
reduction of £645,000. The assets are valued at £4,023,000,
showing an apparent surplus over liabilities of £465,000. The
total liabilities on the 11th of December, 1890, were £21,973,000,
and, as already stated, they have now been reduced to
JB3,T)58;000.
The India Council again offered on Wednesday 50 lakhs
o f rupees in bills and telegraphic transfers, and sold the whole
amount at Is. 1 15-16d. per rupee. Since Wednesday its sales
have been on a much smaller scale than during the preceding
■two or three weeks. In fact the large sales have brought out
such anamount of money from the Presidency treasuries in
India that the money market there is now so very much easier
that on Thursday the Bank of Bombay lowered its rate of
discount from 10 per cent to 8 per cent, and the Bank of
Bengal put down its rate from 10 per cent to 9 per cent. The
1891.
1893.
1892.
1894:.
general impression among Indian bankers is that money will
Mch. 1
Mch. 16.
Mch. 14.
M ch. 15.
£
£
£
£
fa ll somewhat further in value. But it is to be borne in mind
23,804,i
24,654,420
24,498,320
24,025,930
that the accumulation in the Presidency treasuries is very
12.929,7
10,575,235
9,467,725
10,389,387
P u b lic d e p o s it s ....................................
great and that at present the revenue is being collected on an O t h e r d e p o s it s ..................................... 28,160,984 27,716,147 27,539,971 29,080,S
exceptionally large scale. If therefore the Council cannot G o v e r n m e n t s e c u r i t i e s .................. 8,933,583 10,914,871 10,785,124 11,339,: an
83,237,c
28,377,555
t er
c
t
•sell as freely as it has been doing for some weeks past, the O eh e rvsee o u rnioiteess................................. 24,475.054 25.577,706 17.416,619 16,117,1 15:foil,
19,138,111
R s
f
a n d c o in ............ 23,525,617
accumulation in .the treasuries will begin again, and that C o in & b u llio n , b o t h d e p a r t m ’t s 30,751,547 27,186,431 25,621,039 23,471, ‘
38 3-1
' 7,
1
45*
51 3-16
60M
ought to keep up the value of money. The export of rice is P r o p , r e s e r v e t o l ia b i li ti e s , .p . c.
3
3
2
2*
B ank a
ora a very satisfactory scale. Already wheat is beginning to C o n sorls,t e ............................ p e r c e n t. 99 13-16
96 11-1
95*
9814
2H P e r c e n t ........................
be moved down to Bombay and the crop is reported to be a C le a rin g H o u s e r e t u r n s .................. 109.004,000 140,714,000 142,032,000 153,359, <
Messrs. Pixley & Abell write as follows under date
large one. These who are best informed, however, think that
w heat is so cheap at present in Europe that India will not be March 15:
B ank o E n g n d h a s been e p rc
able to export heavily. In May tea exports should begin. th Gold—T he th e to ta ll beiugla £272,000, In th ars uan h a se r of the bulkl
e a rriv als,
b
d coin. T here
B a t the Indian exchanges at present are about 30 per cent b een n o enquiry for th e C ontinent. A rrivals: S outh A frica, $ 7 o.oc
A u stra lia , $ i 07,000; China, $93,000; In d ia , $38,000. T otal, $313,01
higher than the Chinese exchanges, and if that continues [ S ilver— The d ay a fte r our la s t re p o rt w as issued silv er weakened
those who are engaged in the tea trade fear that India will be 2 7 o ,.d ., an d v illi little v ariatio n th is p rice h a s been w ell m aintain;
l o w iD g
to considerable buying fo r th e E a st. A slig h tly weal
wnablo to compete as successfully as formerly. There has _______t____ _ _________________7 t«d The E astern m ail does i
_
1 m a rk e to-day has caused a fall to 2
ueen .3 fair demand for silver for China during the week, but j
and ’
,
n t J
___ -1
.. • .
faH L -l , . doing ffor 1 r i l l I n O T t r l Ithe VI r t l / l r \ L n r , somewhat declined, price 2 . quite .........v.1 . . . . I
11 R
? A V>1 O I- India, and l i n price has
Is .
uomiual.
as
£
THE CHRONICLE.
Ma e CH 81, 1884.J
539
The following show» the imports of cereal prodace into the
Silver.
United Kingdom during the twenty-eight weeks of the sea
son compared with previous seasons:
O re a t B rita in — . . . .
IMPOSTS.
1393-94.
1892-93.
1391-9-2.
139' 91.
Im portao fw h eat.tfw t.3 t,4 2 5 .8 3 0 34.371,033 39.17S .i7S 29,717.718
B ariev........................... 18.923.230 10,231,133 12,618,387 12.673.753
O&H.............................. 7,482,720
8,658,508
7.780,117
7.078,382
Feaa.............................. 1.511,712
1,351,801
1,799,770
1,076,502
3,050,621
2,461,293
2,043,342
1,787.156
Beans...............
Indian c o rn ................ 17,934,385 15,651.863 13.754.412 14,432,795
F l o o r ...,.............
10,375,0*21 11,479,339 10.205, O m
8,300,287
Exports,
Week.
Im ports,
Since Ja u . 1.
#463,932
59,010,640
143,000
G erm any.....................
All o th er co u n trie s..
11,000
5,640
50,625
12.375
26,545
22,205
T otal 1894...........
T otal 1893...........
T otal 1892...........
#480,572
416,775
190.523
#9.265,390
0,821,765
5,755.803
Week.
S in c e J a n .l.
9 ............
772
84
103,012
9,469
*---**--
$4,413
10,069
1,009
115.947
90,101
160,045
9,449
$113,337
14,9 U
47,252
$391,093
1.631,421
339,623
Supplies available for consumption (exclusive of stocks on
Of the above imports for the week in 1894 $30,333 were
America!! gold coin and $473 American silver coin. Of th e
September 1):
1893-94.
1892-93
1891-92.
1899-91.
exports during the same tim e $4,675 were American gold
W h e a t.................e w t.31,125,830 34,371,083 30.176,175 29,717.71-5
coin.
Im ports Of B oar.........10,375.020 11,179,339 10,205,055
6.300,367
Sales of hom e-erow o. 13.873,790 15.410,173
18,387.030 22.124,107
T o ta l................... 55.674,010 01.260,595
Aver, priee w heatw eeh.24*. 30.
25». 0-1.
-Avemce price, *ea»on..28*. 40.
2?g. Id.
07.770.893
3 2 5 .114.
35a. 101.
60,442.112
33s. 2 d .
32a. 3d.
The following shows the quantities of w heat, flour and
m aize afloat to the United Kingdom;
Tfti* irerlc.
L o tt w eek.
2,080.000
395,000
427,000
1892
2,920.000
5 <5,000
411,000
18 9 3 .
Wheat.................. . . q r a . 2,-6 6 ,0 0 0
r"oar, eq n i!
to q r r . 422,000
W a r n .................... q r r . 437,000
2.803,000
438.000
306.500
—The Reconstruction Committee of the W estern New Y ork
& Pennsylvania Railway Company (Isaac N, Seligmau,
chairman) give notice th at the time for d*Boshing securities
and stock of the W estern New Y ork < Pawns?Ivania Rail
fc
road Company under the plan and agreement, of reconstruc
tion of December 1, 1893, is extended until April 10,1894.
—Attention is called to the list of bonds offered for sale by
Messrs, Cfav & Stan wood, Boston, advertised in this issue of
the Cfi&osious.
H u u l h h F i n a n c i a l .T fu r k e t* —P e r C a b le ,
The daily closing quotations for securities, fko., a t London
are reported by cable as follows for the week ending Mar. 30:
L ondon.
Sat.
Mon.
Tuet.
Wot.
Silver, p e r o a..........
ODBsuia.aew,2% p e ro ts
do to r aeooum ...
27%
27%
am
99U „
27%
991)|,
99 50
C aaadlaa P actfle..........
c u e . Mil. A s t . P a u l ...
E S p M O M i t n d ....... .
Xante S h o re.....................
Loftisvlllts A U M h v tlle..
I H e d e a n C entral 4 a .......
S. Y, C entral * Hailaou
s
o
r*
K. YLa*eErto*W'«*trji
TO1
,
*06%
97
133*4
51%
55 H
10J>«
18%
87
d
>
do
2 d e o n s............
S o rto lk A W eetern ,p ref
f H orthera Psolfle p r e f..
1 Penney! van la ..................
{P hilad elp h iaA Beading.
: Cason Paid do...................
Wahaah p m f..................
*
*
Pm.
2 7 1,
27H
99* *u 99% i to o O rien tal B a n k ...................... 239
09%
» W |«
99-37% 99-35 93-35
By Messrs. Adrian II. Muller
7 1L
07 >,
07
13!
*1%
55%
105%
56 k
71%
85 Q
97
133%
52%
55%
S t Of
10%
86%
71*4
64%
9TU
13 2%
51'*
55%
103%
19%
86%
52%
10%
20%
16%
22 H
52 L
10%
20%
ta%
t
Thur*
A uction Sales.—Among other securities the following, not
regularly dealt iu at the Board, were recently sold a t auction;
By Messrs. R, V, H arnett & Co,:
Short*.
•
'
|
Shares.
293
) 50 S',it. B ank » f C om m erce.. 177
50 Nat. Park Bank,
23%
52%
Hi",
3 Da
16%
23"
52%
lo%
21%
10%
Coramcvchilnml HUsccUuucous Jlcuis
115
Dry G ood*......
Wm l mfflf&lm.
m r u tn
4881.
#2.788.878
8,079.101;
at
s e * ru n * .
1892.
f t . 933,025
7,715,407;
mm.
#3 ,5 0 1 ,5 7 1
1804.
f t , 811.274
i
f e ta l...... *. | f 10 ,8 3 0 ,0 7 9 : #9,048,492 # 15,331,*) 20 #11,093,32
M Jm%1.
fflM
W r r Q o o d s . . . . f3U .330.49s
p * a T M r iO * * .
91,322,022
*34.817.291
97,237,261
f* 3 ^ J 6 ,S 6 »
U 0 ,s « l,« 7 u
*23
23
«;0,t39,s2:
X t a i 1 2 w e e k s . « t 2 7 , 9 4 2 . > 2 0 '* t 3 t 3 3 9 , 5 5 S 9 l 5 9 , a 7 » . 2 3 r i i n o i 3 i » 3 . 0 5 6
h
:! The imp <roi of dry goods for one week later will be found
'h our report of the dry good* trade,
-, The folio wing is a statem ent of the exp o rt, (exclusive of
ppeci*'; from th e port of Now York to foreign ports for the
;-week: ending March 2? and from Ja n u ary 1 to date:
■
B T r-isr* v « » « s a w ro*K t o n
1691.
th e w e e k ..') *8.61!.74 )
? » v .r e p o r te d .;' 74,127,96»
l aw eek e.! #02,639,709
> » ,.IJ1 ..)-1
*7,403.007
f o .O 'i i l i 34|
ii J
#7,330.072
ioiaoiistiO
-%
#77.-t«*.*4lt t ' W t o i . H l
j Bid. i A*k._
Bid. I M IL
r
m
AtiatfU Aff-, lisrm lk)j(# .
i©
ID, f>. K. B. St B sify -S tk .., 120 - 1125
,%
M S*- 1900 , A *i !00
.
i «t . go id,
1033.. JStiS | 105
T
O
fm, r.
............. ... .
: 98 too'"
l*S fflOft, 1 f9«N»i.tJ ■
no 11*2 Eigitifi A Yeurns—Stock. ...I 240 280
B*wojr Jfc1th .
;taa TO ! ishtip. ««, 1914...— . . . . . . 10* 1105
O
.
)
l»t man., & M N
K
|4M St a r . S t Fer.—
Stock? 205
lot ■
2d mort- *r.-i, 10.4 ..sm 104 i
»*
■424 0 L * M wi.A 4 N '.A v , 40
50
B’w'iif t«t61
r,\W ) 103 :
H
lit B»ri ftt HH0..M esi 110 112
A
2d § « tot &
■,
Am:, 1.W i
2
m ott SBrOHJIf
CW 9 §*> IMS.....JStJi 199 :imst II. vv. S t -v i'. Fur s?A\ 200.-.fj. 57
* iWl
Broofcijii cm
I tf i tit
I*t m ort, 7 a, 1804..JA J; 10! !. „
<
& i#4i ...3AS
».
'n o •fLook
Tmc&iou......i 21*9 22
B'k’ya
,1003 IBS
MMra$mUta,& Tm cttoa
108% 107%
BmoltiynTn
103 115
17H IS*,* ikiaib Avenue...— .
C«otml C te
fiiP M
■ k ,. •V*i ■
M
'S «i*< A t x w k . . J 130 134
*w 5
,
. utiprt-.hi 1 1022.M
-f-N U5 ! 20
Y
1$1 mart* 5«, 1000. MSt 5 1102
I Cast, f k
Vk 1448
a.
| 100
i Vmml. 7% I0O
it D 410
;Th.i*'« AYeoao.........
175 177
! £t*rta§|£i?rA loth
Ik., 135
i U t iiwrC,
11)37
| 114 114*4
! l# t H K I8SI8
M n*,.
Mli 106
j3?w«o4y-TMrtl S t — lock.!tip
B
N. V. an d Brooklyn Las S ecu rities—Brokers* Quotations,
0 A S COM PA If I MB.
! Brmfelfm 0mbt4ghi
c r f U tt f * 1
mJm 1,:
m,
S
pencer
.
10 W A L L S T R E E T ,
....... !
~tt otlsw cojjosrt'M..
T otal 189*..........f
Teu: 109*____:
Tots) I 8»2 .
1575
89,3.25:
3 9 ,3 3 0 :
*138,48*)-; #7,823,859
1,475,053! 3'1.‘«»6,47a
/■I8.08.-.: 12X1^3,255
Bid. Aak.
UO
143
182%
m
at
IB I5 .3 0 9
'* * 3 .9 5 1
rask
& Co„
NEW
Y O U !i«
amuel
NO
D. D a v is
BA NK ERS,
&
Oo„
10 W A L L S T ., N K W V U K K .
S amoel D. Davis .
C bas . B. V an Nostranp ,
t , *29,3-7
.............. .1
T
BA N K B BS,
S ta ff? mad Jamcn SiYCcf;**, \Hmny .
B m &0 and 8to<6#* Bo«gfak rnul Sold om. Oommt*M*ion. ftaoferf la 8fcmte, City mad
Kmilroad Bcmtl*. CorreapcHultjuco im ite d .
S
f i t >.80o,
3,000
0 AB COM PANIES,
no
Metrr»poiits#« (Brooklyn;
... . . . •;WUtBaaii i>urg
HontU, Un ............. .
00
. ,.w i,Polfeot* M.ticiicipal... . . . . . .
tS5
140
Osua«"<»' (iirvwjklfuK
102
M r m f Oixy St M m dkm .*. 180
HO
105
M utual u \, Y, ......... .
145 1190 ’HJmtittafd®.......... , . . . . . . . . 180
too
.... ■ Bood*, O*. ...........
100
too .Standard p r « f ...,,„ ..... 75
Feepte*.# iBfwMyfi):
. . . . . . s 75 > com moo..
\M Jm I,
inm t,.
f-2.501.S00
................ 1
B id ,; A*k ■
;
to?
108
imparts.
»,152.90!
>} A rcher St F tiocoast
<
Mfg, Co. Keg.
1890. ....5 - 1 0
City Ritilroail S e c u ritie s—Brokers' Quotation*.
roaic.
#1373111
#4,000 Now W'mub’g & Flat*
Uu-a B E . Co. of B rooklyn
1st 7.4 1887, F & \....... ..,- 105%
,
CO.» Lim ited. . . . . . . . . . . . . 40
50 Bprmn® B-mate, of Bte-lju., 224
3 N at. flAnk of Ouoiiweri'C’. 178%
1894.
The following table shows th e exports and imports of specie
the port of Now York for the week ending Men, 31 and since
aary I, 1891, and for the corresponding periods in 1893
189S:
T*E»C«,..,__
fN S fcO ,
WM T
: m% tadlea,
"
Oniird ita fm Mort. Co.. 1 0 8 %
Oriental Battik.
....... 2 2 4 %
Bands.
B n u lU u g a n d If iu a u c la l.
1693.
$7,078,785;
hliO tSA vfli
20
40
30 Ktiimettmcket Tr C ...... 175
8 Edua
Attie.ficab
t u b w k bk .
1692.
Shares.
7 A m erican K xeu. Nat- Bk. 150%
4
1
3
5
vorew x
For Week.
Mereanl!ie $% ,. Bsy»k ... t 7 *>*t
%
30 Greenwtub rttx*
C o ..0 8
25 CoufHiiuUU'.) Eire Work*
Co. o f tUo C. * . ....... .
10
s
IMPOHTH AND EXPORT* FOR TUB W eek .—The following are
the imports at New York for the week ending for dry goods
f March 33 and for the week ending for general merchandise
I March 23; also totals since the beginning of the first week in
J&nuaiy.
& Son :
Share*.
7.683i
58,857
!
1 2 ,9 1 9
23,41)0!
1 7 4 .0 3 6
j
1 7 .1 9 *
#140,972 #2,752.413
l.loS.OOOi *,258,314
697,038.' 5.399,059
the
m e r c a n t ile
n a t io n a l
bank
,
O F T H E C IT Y O F N EW Y O R K ,
S o . 19 1 B r o a d w a y .
C a p il a l ,
.
6 1 ,0 0 0 .0 0 0 ! S u r p lu s F u n d , - 9 1 .0 0 0 ,0 0 0
WILLIAM P, ST. JOHN, PrM ldant. I FBBOBKIOK B. SCHKSCK, CasliVetJAMBS V. LOTT. AMlrtimt C«*l)ler.
A CC O U N TS S O L IC IT E D .
THE CHRONICLE.
D I V I D E N D S .
Per
Cent.
K a f lro n d * .
Cliic. B. I. < Pacific iq u ar.).
fc
C um b erlan d V alley (q u ar.).
B el. Lack. < West. (q u a r.)..
fc
M exican N o rth ern (qn r .)..
U tica & B lack Riv. g u aran teed .
B an k s.
C hatham N atio n al (quar.)...........
G allatin N a t i o n a l.......................
“
“
(e x tra )..............
M u rray H ill (q u n r.)..................... .
R lisce lla n e o u *.
A m erican Tobacco com. (quar.).
“
“
p ref. (quar.).
C e n tra l & 8. A. Tele*:. (q u a r.)...
L o uisville By. prof. (Louisv.)_
_
M exican T elegraph (q u a r.).......
New E n g .T elep . & Teleg. (quar.!
When
Payable
Books Closed,
fB a ys inclusive.)
1
2
134
m
I3 l
134
2%
3%
May
1
A pril V
A pril 20 A ptil
A pril 20
A pril 2 ;
A pril 3 )
M arch 3 1
M arch bO
4
A pril
A pril
April
? }
4
2
}
134
2%
2%
75c.
2
13* )
1 ‘ L> {
2
to
to
to
1
6 Mar. 29 to
— to
2
United States Bonds.—Quotations are as follows:
6
to
l v iii.
The following were the rates of domestic exchange on Slew
Yoik at the under-mentioned cities to-day: Savannah, buying
par, selling % premium; Charleston, buying par, selling %
premium; New Orleans, bank $1-50 premium; commer
cial 75c. premium; Chicago, 70c. per $1,000 premium: St.
Louis 85c. premium.
J h c g a u l t c r s ' Oja^ette.
Name of Cctnpany.
rvoL .
0
^
Interest Mar.
Periods 24.
Mar.
Mar.
26
27.
toN
540
Mur.
29.
Mar.
30.
mmmmmm . .TGfi■Q.-Mch.
mmt mm*
* 96 * 96 * 96 * 96 * 96
96
4s, 1907 ............... rey. Q .-.Jan . *113 *113*4 * 1 13 ’4 *11314 *11314 *113%
*
4s. 1907............ coup. Q .- J a n . *11438 H I 1 * I1 4 h *114*4 1148 ' 114%
!
5s. 1904.............. rcg. Q ,- Feb. M178» *117*4 *i i t :h * 1 1 7 % *L17 3 117%
a
5s, 1904.......... .coup. Q - F e b . *117 :iS *117% * 17% *11 7% *11734 117%
, Ge, ou r’cy,’95___rck. 3. & J. ' 1 0 ^ *102 *2 *102 < *102*2 *102is * 1 0 2 %
3
* 0s, o u r’oy,’96___rey. j . & j . *105 *105 *105 *105 *105 | 105
fe
A pril 5 6s, our’ey,’97 ___ ten. J . < J. *107 *107 *107 *107 *107 ; 107
6s, e u r’ej ,’98___rey. J . A ,T. *110 *110 *110 *110 *110
110
------6s, o n r’cy,’99 ___rey. J . A J. *113 *113 *113 *113 * ll3
113
"Thiels tn e p r io e b ld a t t n e morning board; no w j was uiaao.
May
1
A pril 9
3 to A pril
A pril 1
- t o -----A pril 16 April 8 to A pril 16
May 15
6 to May
27 to A pril
A pril 2
A pril 14
1 to A pril 9
W A L L S T R E E T , F R I D A Y , M A R C H 3 0 , 1 S 9 4 - 5 I*. M .
Coins.—Following are current quotations ia gold f >r coins:
Sovereigns............$4 87 @$4 90
N apoleons............ 3 87 ® 3 92
X X K etcbm arks 4 70 ® 4 80
25 P e se ta s........... 4 80 ® -l up
Span. D oubloons.15 55 ®15 To
Mex. D oubloons.15 55 ®15 75
Fine gold b a rs_
_
p a r® % p re m .
F ine silv er b a r s . . — 60 a — 61
F ive fra n c s ........ — 90 ® — 95
.Mexican d o llars.. — 193ia> — 51
Do uucom ’cial.. — — ® — —
P eruvian sols . . . . — 49 'S — 50
i
_
E nglish s ilv e r_ 4 80 ® 4 90
U.S. tra d e dollars — 55 ® — 65
The Money Market ami Financial Situation.—The veto
United States Sub-Treasury.—The following table shows
■of the Bland silver bill by President Cleveland on Thursday
was the great event of the week. It Is unnecessary to say receipts and payments at the Sub-Treasury.
lire looking towards silver inflation.
The foreign buying of our securities is a most satisfactory
feature, and it is rather evident that the careful observers ol
our affairs in London have come to the conclusion that th(
defeat of the seigniorage bill is practically the end of tin
silver delusion in this country. Any new proposition musi
be more barefaced and less plausible in its apparent claims
than this proposition to coin the so-called seigniorage
although Mr. Hewitt’s puncture of the bubble by the tern;
“ coining a vacuum” will probably become historic.
The monthly reports of railroad net earnings as they come
in are showing the results of the great effort at economy in
operating expenses, and in many cases the net income is
nearly equal to. or even ahead of, tlfe same months last year.
The influence of the veto had been pretty well discounted
in the Stuck Exchange markets, and at first there was some
selling of stocks that had been held until the fact was an
nounced. But to-day there was general strength, which in
crease d towards the close, and there is a feeliDg that only the
tariff bill now remains as an obstacle to more activity in
business transactions throughout the country; when this is
out of the way we shall all breathe more freely.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 1% per cent,
the average being a little over 1 per cent. To-day rates on
call were 1 to 1% P® cent. Prime commercial paper quoted
at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £158,402 and the percentage
of reserve to liabilities was 54-87, against 56'17 last w eek ; the
discount rate remains unchanged at 2 per cent. The Bank
of France shows an increase of 1,300,000 francs in gold and
1,750,000 francs in silver.
The New York City Clearing-House banks in their statement
of March 24 showed an increase in the reserve held of
$2,825,100 and a surplus over the required reserve of
179,077,650, against $77,302,300 the previous week.
1894.
Mar. 24.
C a p ita l.................
S u r p lu s ..............
L oans & dlsc’n ts.
C irc u la tio n ___
N et d ep o sits.......
sp e c ie ...................
Le al te n d e rs___
Reserve Reid ......
l a ^ a l reset ve__
$
59,922,700
70,090.600
445.574.400
11.24 3,000
541.465.400
98.652.400
116,541,600
215,194.000
136,116,350
Differentsfrom
Prev. week.
1893.
M ar . 2 5.
1892.
Mar. 26.
$
$
60,422,700 60,372,700
70,183,3 >0 66,701.400
In o . 2,516,300 434.468.300 490,435,300
Dec.
65, <*00 5,618,600
5,600,300
In o .4,199,000 439.504,400 530.120.700
In c .
69,400 7 (,623,700 101.218.700
Inc 2,755,700 47,495,600 49,313,900
I n c .2,825,100 119.119.300 150,537,600
In c. 1,049;750 109,876,100| 132,530,175
$
S u rp lu s resorve 79,077,650 Ino. 1,775,350
9.243.2001 18,007,425
Foreign Exchange.—The rates of exchange have been weak
ever since our last report, and the easier tone is attributed to
the purchase of securities for foreign account. The assurance
of a veto of the Bland bill undoubtedly stimulated this buying.
To-day actual rates of exchange were as follows: Hauliers ’
sixty days sterling, 4 86%<g4 87; demand, 4 88^4 88%; cables.
4 88%@4 88%,
Posted rates of leading bankers are as follows :
March 30.
Sixty Days.
Dem and.
P rim e b an k ers' sterlin g bills on L ondon..
4 87%
I 39
P rim e c o m m e rc ia l.................................... .. 4 86% ®4 86%
Dooumenttt ry com mere! a l .......................
4 86 ®4 86%
P a ris b an k ers (francs)
5 l(>q® 5 15&S 5 18%®5 17%
A m sterdam (guilders) b a n k e rs................... 40-'!ie ® 40% 40°le» 40%
F ra n k fo rt o r Brem o u (reio nma rks) b’nkers
95%® 95% 95%® 95%
Date.
Mar. 24
“ 26
“ 27
“ 28
“ 29
“ 30
Receipts.
$
1,760.620
2,602,084
2,224,081
1,963,871
2,326,021
2,2 1,906
Total! 13,128.583
Paym ents.
Balances.
Coin.
S
$
1,955,605'104,982,90
2,4M ,035 104,985,309
1,633,649 104,991,619
2,428,784 104,928,807
1,947,063 104,889, 59
1, 56,308 104,927,573
Coin Vert's. \ C urrency.
$
$
9 3 7 .4 5 9 1 45,310,461
78-$,636, 45,574,959
1,2 1,331; 45,676,386
1,019.565! 45,526,051
1,083,627' 45,875,595
1,262,741 46,058,656
12,305,444
State and Railroad Bonds.—The sales of State bonds this
week include $94,000 of Virginia funded debt 2 3s of 1991 at
59-58%-59% : $185,000 of Va. O def’d tr. reeps., stpd., at 8-7%s
$25,000 S. C. 6s, non-fundable, at 2%-%-2; $20,000 S. C.
,s at 99%-%; $7,000 Tenn. settlt os at 102%-103.; $10,000
Ark. 6s Holford at 8: $10,000 Ark. 7s, L. R. P. B. & N. O., at
11-12; $5,000 do Miss. O. & Red R. at 11.
Railroad bonds have been quite active in special issues, and
the Board sales present a very different appearance from
their meagre exhibit of a month ago. There is reported to be
some very good foreign buying of our railroad bonds, and
this marks a renewal of confidence. In the very choice bonds,
such as underlying mortgages and that sort of gilt-edged
security, the investment brokers continue to report that they
cannot get enough of them to meet the demand, and we now
have the choicest bonds selling near a 4 per cent basis—West
Shore guaranteed 4s sold at 104% and Nickel Plate 4s at 100%,
with a 2 per cent coupon due April 1. The Atchison bonds
have been pretty steadily dealt in at firm prices and Colorado
Midland 4s jumped above 32, but no definite points have yet
been announced as to a plan of reorganization. Phila. &
Reading bonds are again stronger for the 1st pref. incomes,
though the 2d and 3d pref. are neglected, the Mo. Kan. &
Texas lsts and 2d* are in demand and firm ; Northern Pacifies
have been less active but hold their advance well; Chesa
peake & Ohio issues are strong, as usual. The prices on an
other page show the closing prices of all active b mds, and it
is evident that there is much more inclination to purchase the
low-priced issues, including those of the railroads in the
Southwest.
Railroad and Miscellaneous Stocks.—Stocks have been
relatively less active than bonds and this may be ac
counted for by the fact that several stocks had already ad
vanced much more than the bonds of their respective com
panies in proportion to their actual merits. It is generally
rule that stocks rule higher than bonds when viewed simply
on their prospects as possible income-bearers in the future.
Reading sells at 21% and the 3d pref. incomes at 19%; North
ern Pacific pref. sells at 23 and the consol, mortgage bonds at
J; Mo. ICan. & Tex. pref. sells at 25% and the 2d mtg.
(incomes till Aug. ’95 only) sell at 46. The general tone of
the market has been one of firmness on a moderate busi
ness, with more decided strength towards the close.
The veto was confidently expected and its effect had
been fully discounted. The Granger and Southwestern stocks
remain quite firm and the monthly reports of net earnings
so far as issued continue to show the result of the prodigious
saving in expenses. The anthracite coal stocks have not
weakened materially in the face of the large decrease in the
output of coal and the recent reduction in prices. The indus
trials have been less active, and have not been worked up
and down so frequently on tariff prospects. Chicago Gas was
stronger to-day, closing at 64%. Lead has been higher on the
reported prospects of the company, and closes at 38% for
common and 84% for pref.; Distilling & C. F. has sold freely
around 27, closing at that; Sugar closes at 90%; General
Electric is dull at 42%; Am. Tobacco closes at 82%.
THE CHRONICLE.
March 31, 1894.]
NEW YORK STOCK EXCHANGE— A C T I V E
S T O C K S f o r week ending M A R C H
541
30,
H IG H E S T AND LOWEST PRICESS atu rd ay ,
M arch 24.
M onday,
M arch 26.
T uesday, W ednesday, T hursday.
M arch 28.
M arch 29.
M arch 2 7.
F rid a y ,
M arch 30.
STOCKS.
A c tiv e R K , S to c k s .
1 4 % I d 1, A tchison T opeka & S a n ta F e .
14% 16
151-3 15% 15% 15% 153g 15% 15% 16
1%
1%
1% n i 4 1% A tlantic A P acitio.....................
1%
*1%
'1 %
m
n%
i%
1%
7 8 ’a 79
78% 78% 78% 78 % Bairim ore A O h io .....................
79
• 7 8 ^ 79% 78% 79
78
69%
T
693s 70%
*6S% 693* *69%
69
52 ~ 52% C anada S o u th e r n .....................
51
52% 51% 513t 51% 51% 50% 52
1153. 116% 114% 115
115 115
115% 115% C entra! o t New J e rs e y .............
115 115
116 116
18*4 18% 1S% 13% 1S% 18% 18% 19
18% 19% 17% 19 Chesapeake & 0 ., vot. tr. cert.
140 140 *140 142 ‘1-10 142 Chicago & A lto n .......................
140 140
141 141
'1 3 9
82% 33% 82% 83% S i ’s 83% 813s 82*8 Chicago B u rlin g to n A Quincy
S3 >4 83% 83%
Chicago A E a s te rn I llin o is ...
Do
p ref.
90% 96%
62% 62% 63% 62% 63% 63% 63% 63
63% 02 -a 64% Chicago M ilwaukee & St. P au l
x62%
119% 119 7* 119% 119 s 119% 119’s 119% 120% *120 120‘s
Do
p ref.
’ 119 120
108 108% Chicago & N o rth w e ste rn .......
1034) 106% 108%, 1034i 1075, 109
108 108% 108% 109
Do
p ref.
m i l 142
140% 141 ^ 141% 141% ‘ 141 141% •141 141% *141% 143
71% 70
70% 69% 703, 693s 70% Chicago Rook Isla n d A Pacific
70 % 71% 71U 71% 7 0 %
3 si
39% 38’a 40 Chicago St, P a u l M inn. & Om.
39
39% 39% 3 9 % 3 9 % 39 % 39% 39
115% 115%
Do
prof.
11331114’ ! 114% 115% 115% 115% 115% 115% 116 110
40
40% 40% 40% 40% 40% 40% 40% 39% 40% 40% 41 Cleve. Cincin. Chic. & St. L ...
Do
pref.
S5% S5%
20% 20 S1 Colum bus H ocking Val. A Toi
“20% 21
20 % 20% 20% 20% *20% 2 0 ^ *20% 21
66
*60
66
*60
66
Do
p ref.
66
66
66
66
65% 65% *60
136% 1393, 139 139% 130 13 9*8 D elaw are & H u d so n ................
137% 137% 137% 137% 1365# 137
165 163 Delaw are L aekaw onnaA West
*16t> 167
165% 165% 166% 167% *166 167
165 165
11% Denver & R io G r a n d e .............
•9% 10% 10% 10% *10% 10?* 10% 10% 11
'9*3 10%
31
31% 31% 3 1 ’. 31% 32%
•30
31% 31%
Do
p re f.
31
*30% 31%
M2% 6 E.T.Va.4:Ga.,cert. I s t a s s ’t pd
5
5
*13
*♦2% 6
•13
6
*12% 6
*u%
15 7 1 0
12 • n o
15 Do 1st pref., cert. 1st ass’t pd
112
•t8
14
15 * t i o
15 •ilO
5% 1'5%
15
i5%
6
5 Do 2d pref.. cert. 1 s t ass’t pd
7% ♦ 15
U%
4 % *14%
6
641-2 64% E vansviile * T erre H a u te _
_
65
65
65
67
*64
*63
65
to
07
65
•103 106 *103 106 •103 106 *103 106 *103 106 '103 106 G reat N o rth ern , p re f..............
95% Illinois C e n tra l.........................
'93% 94% 94
'94
•91% 95% 94
95
95
93
05
10% 10% Iow a C entral..............................
10% 10% 10% 10% 10
9% 10
10%
103, 11
*34
35
35
3 ..%
Do
p ref.
34% 31% *31
34% 3 4 % 34’, 351, 35
16
16
•15
15% 15% 15% 15% 15’, 15% 15% 17% Lake E rie A W e ste rn ..............
36
69
*68
69
63% 60
60
68
*68
•67
Do
p ref.
60% 68
68
128% 129
130% 130% 130 130% 129% 130% 129% 130% Lake Shore & Mich. S outhern
129 131
90% 90%
-92
97
92
92 *
90
97
96
91
'4 9 % 49*. 49% 4 9 ’* 4 9 % 50% 4 9 ’, 51% 4 9 ’, 5 Us 50 >4 51% Louisville A NasfcVtlis.............
•9
9%
9%
9%
9%
9%
9%
9%
9*4 91.1 Loolav. New Alb. A Chicago.
9% 9%
33% 33% •32 % 33% *32% 3 3 % 33% 3 3 % 33% 3 3 % 33*4 33%
Do
p ref.
•i%
5
’ 1% 5
5
1% Louisville St. Lon is A T exas.
•1*8
*i*i
•1% 5
*1% 5
124 124
124 121 % 124% 125
125 125% 124 % 124 > 124% 124% M anhattan E levated, consol..
1
99
99
99% 9 9 ’* *99 100
99
99% 94% 90% *90% 99% M ichigan C e n tral.....................
*11% 12
12
12
12 M inneapolis A 8L L., tr. reels.
1 2 % 12% 12%
12% 1 2 % 1 2 % *12
•31
32% 32% 34% 34% 35
*33
35
35
*34
35
Do
'/cut .tr. re e ls.
*34
14% 1 4 14*% i t ’- 15% 15% 13% 15% 35*% 15% 151s 13 A Missouri K a n s u , A T e x a s___
25% SS % 25% 25% 25% 25% 25% 25%
25*4 25%
Do
p re f.
27 *1 28 8, Missouri Paciflo........................
27% 27% 27
27% 2*/<2 27% 2H
28
28
17
i;
19% Mobile A O h io ..........................
•18
*174 18% •17% 19
*17
19
19
19
SO
80
"72
*70
80 Nashv, CliattanoogaA St. Louis
*70
78
74
71
*73
SO
100% 109% 101 101
1 0 1 % 1 0 1 % 101 101 % 100% 101% lOL 101’, New York C entral A Hudson.
15
15% New York Chicago « St. I aw is
fc
15% 15% 15% 15% 15% 15% 15% 15% 15
i5
70
70
#69
71
71
70
70
71
*70
73
Do
1 st p ref.
*70
71
31*i 32% 33
33
*32
33
32% 32% *32% 33
Do
2d prof.
*32% 33
17 % 1"% 1 "’a 17% 17’, 18% 18% 18% 17’, 18% 17’, 18% New York L ake E rie & WesCn
*37
39% *37
39
30% 30% 39% 38% 38%) 3S% 38% * 33
Do
p ref.
10% 10%
10% 10% 10% 10% 10% 1 0 % 10% 10% 10% New Y ork & New E ngland ..
187 195 *190 183 *1*9 193 *188 192 *188 192 *187 192 Sow York New H av en A H art.
16% 10 V
16% 16%
*45% 46
......
*20%
5%
5%
21
21
50
*25
*20
27
*8
9
5
1
5
21% 21%
- 1 1 % 14%
52%
*51
16% , r *
*16
1/
...... ......
4%
4%
9%
9%
*24
23
*99 100
’103 106
24 % 24%
9%
9%
10
10%
*3-5
40
*70
76
18% 18%
*5%
t
/
15% 15%
13% 13%
48% 49%
*7% 6%
10% l«»»
16% 16%
45 »* 45%
*2 6 %
3%
21
*25
*20
9
6%
20%
11%
51
re 7,
16
......
4-H
95,
*23
*89
*l6r.
24%
9\
»%
35
*70
18%
*5%
7*i
15%
13%
49%
*7%
2 1% 2 1%
5%
5%
* 4,
21%, 21% 22
50
50
*25
27
27
*20
9
!*
f»
5 % 5%
5%
21% 20% 21
114
1 1% 14%
51
*60% 51%
7%
:*>% 7
16 % 10%
16
. . . . . . ■ w m*
mm*
4%
10
26
10O
100
24%
10
0%
35
76
19%
6%
7%
151.
13%
49%
8%
29% 29% 30
30%
*69
70
•00
70
89% 90
80
90%
88% 83% 83
88%
77% 79% 79% S3%
95% 9.1 % 96
97%
63
*J4
03% 61%
■*10
15
*10
15
*24 % 20
*21 % 26
130% 130% 131 132
2i % 28% 27** S»%
42 % 42% 42% 43
*20
21
20% 20 %
44
38
44
3-> % 36
35 % 30%
78% 79
79% 79%
:»% 5%
5%
5%
14 % 14% •14% 18
i t . '4 10% 1 7 'i 17%
*82'a . . . . . .
82
32%
172 172 *170 173
18% 19
18% 19%
40
85
40
40%
85% 85*%
40
85%
16% 16%
16
10 %
45
44
16% 16%
16
16
43% 44%
10%
15%
41%
5%
*23%
23% 23
5“
^
5 \
21%
»n^
*25
27
*20
*20
9
9
0%
•5
5 % •5
19’, 21% 20%
*14
15
*14
'5 0 ^
*00%
6%
:o%
*10
IS
* io
16%
15%
44%
6
50
10%
5%
21%
15
51%
IS
18% I S ’,
18% 18% *18% ID
42,Q79
300
1,759
2 Go
2,418
729
16,940
200
52,251
12
112,320
1,425
5,957
270
25,108
8,870
2,533
4,633
10O
565
210
6,003
25
1,400
2.320
100
1,150
521
863
3.830
l,1 4 o
4,166
1,000
6,013
83 3
18,995
835
025
2,015
2,32.3
1,220
8183
4,652
4.531
14.911
104
50
5.823
1,545
525
300
8.533
823
■1,942
1, 1894.
R a n g e fo r y ear 1894*
L ow est.
9 ’8 Ja n .
% J au.
67 Ja n .
67 Feb.
47 J an.
I l l Ja n .
16% Ja n .
130 Feb.
73M Ja il.
55 Feb.
93% Ja n .
54% Ja n .
!16 Ja n .
97 Ja n .
135% Ja n .
6 1 % Ja n .
32% Ja n .
109% Ja n .
31 Ja n .
1 s t) Feb.
05 Ja n .
129% Ja n .
161% Ja n .
10 Feb.
29>4 Mar.
li% Ja n .
♦12 Mar.
14 b. M ar.
55 Ja u .
100 J a n .
89M J a u .
6 Jan23% Ja n .
13’e J a n .
63 Ja n .
118% Ja n .
90 Mar.
4 0 ’« Ja n .
8 Feb.
31% M ar.
1% Feb.
118% Ja u .
96 Ja n .
9 ’a Feb.
28 Ja n .
12*8 Feb.
22 Feb.
18 M Ja n .
15% Ja u .
70 Ja u .
95% Ja n .
I t Ja u .
66 Ja n .
30 Ja n .
13% Ja n .
29% Ja u .
7 % J an.
180*0 Mar.
16% 17 ,V,w York O n tario A W estern
5,740 14% Ja n .
10
16 S ew YorkSuiKpA W e s t,n e w .
1.37* 14 Ja u .
41
41
2,280 40 Ja u .
Do
p tef.
7 Norfolk A W estern ...................
525
6%
5% M ar.
21
21!*
720 17% Ja u .
Do
p ref.
5% 0 N orthern Paciflo.......................
2.190
4 Ja n .
234)
Do
pref 10,073 13% Ja n .
fHI ‘
*25
30 Oregon R 'y A N avigation Co.
24 Ja n .
t o t , Oregon 9h. L ine A ’ ’tali N orth
10
1,270
4% Ja n .
.
5 >* 5% Peoria D eca tu r A Evau*vtllo.
3% Ja u
903
21
21’,
1 4 H ead in g ........ 85.922 1 7 'i Ja n .
*14
13 P ittsb u rg Cion. Chic. A 8t. L.
400 12 Ja n .
250 4 4 Ja n .
51 *4 51%
Do
p ref.
2 Ja n .
16% 7 R. A W .P.T er .tr. r 2 d a s » t pd 10.030
17
17
317 12% Fob.
Do
p ref. tr. roots.
. . . . . . . . . . . . Kio G rande W estern................
15 Fob.
*4% 5 S t Louis S o u th w este rn ..........
4% 4%
5
5
4% 5
01 ,
*9 % 10
9%
9%
0%
Do
p ref.
9%
9%
25
*24
20 S t P aul A D u lu th .....................
25
26
26
23% 23%
*90 lo o
*39
*90 100
07
95
Do
prof.
95
105% 105 % *103 106
105 105 *104 lo 7 Bt. P au l M inn. A M a n ito b a ...
24
24% 24
23 It 24 S outhern Paciflo Co— ____ ..
24
23% 24
9%
9% 9%
9% 9%
9*3 O’, T exas A P a c itio ,.,....... ...........
9%
9 % 9%
93* 1 0 %
10 Toledo A nn A rbor A N. M ich.
9% 10% 10
• 3 .5 % 40
*35% 40
*33% 40 T oledo A Ohio C e n tral............
*35% 40
*70
*70
76
76
*70
76
•70
Do
prof.
76
19% lu%
19% 21% 20% 21% 2 1
22 >4 Union P a e lflr............................
'5%
6%
6%
6%
6 ’a Union Pacific D enver de G ulf.
0%
6 ’.
6%
7%
7%
7% 7 %
*7% 7% Wahai»U........................................
7% 7%
15% 15% 13% 16 % 15% 16*4 1 5 * 10%
Do
pref.
1
13% 13% 13
12%
irt
48% 49% 49% 49% 49% 49% 49% 49%
Do
pref*■7% 8%
*7% 9 W isconsin C entral Com pany.
*7% 8%
*7 % 8%
r ii« r c lla n e o n * S to c k * .
29% 30% 30
30% 32% A m erican C otton Oil Co.........
31% 30% 32
714* 71% 71% 71% 73%
Do
p ref.
68% 69% 70
90
90% 8 8 ’* 90
44% 80% 88% 00% A m erican S n c a r R efining Co.
88
§0
Do
p ref.
*87% 0.0 % 88
88% 87% 88’,
82% 83% 81% 03%
81
83
A m erican Tobacco Co............
* 90
98
90
Do
p ref.
90% 98% 98
es
98 U
62% 64% 63% 63% 61% 03% 62
615,1
Chleago Gas Co., tro u t reo’t* ..
*10
*10
15
*10
15 Colorado Coal <k iro n D ovel..
*10
33
13
*21% 26
*24% 26
*2-1% 26
*24%
132 132
132 133 H 133% 135S 134% 136% C onsolidated Gas C om pany..
20% 37% 26 % 27% 20% 27% 26% 27 > D istilling A C attle fe e d in g Co
4
42% 42 % 42% 42% 42
42% 41% 42% (lenernl Eieotriu Co..................
20
20% 20
20 N a t Cordage new full asst pd
20
20
20% 20
40% 40%
43
43
*39
45
Do p re f., full a sa 't pd.
43
*40
36% 37% 37
36% 37% 38% 37% 39 N ational L ead Co.....................
79% 80% 79% 83% 82% 84 > 824, 84*i
4
Do
p re f.
5%
5%
5% North A m erican Co.................
5%
»%>
5%
5
16% 17 Oregon Im provem ent Co---- *14% 16
1 1 % 15
15% 16
*16% 17% *16
M-m, 16%
17
17% *16
*
•82
S l%
81 % 8114 81%
171% 171% 172 172 *170 172 *170 172 P ullm an P alace C ar Com pany
39% 39% 40% 40% *39
41
85
85% 85% 85% 84% 05%
*Tlie»e B e bid and ask ed , no sale made.
1 Old oertlHoates.
and since J A N .
Sales of
th e
Week,
Shares.
H ighest.
2 16 M ar. I d
2
1% M ar. 28
2 79% M ar. 21
27
3 52% M ar. 30
3 117% Mar. 8
2 19% M ar. 29
12 140 M ar. 27
3 84% Mar. 21
27 55 Feb. 27
6
3 6 4 ^ M ar. 21
2 123% Mar. 13
3 109 M ar. 26
4 141 M ar. 5
3 71% Mar. 26
3 40 M ar. 30
4 115% Mar. 28
10 41% Mar. 19
10
24 20% M ar. 14
15 66 J a n . 12
2 139% M ar. 28
% 170% Ja n . 16
>
13 11% M ar. 30
3 32% F eb . 2
19
11%J a n . 19
27 112 M ar. 27
28 ♦5 M ar. 30
5 65 J a n . 26
4 103 J a n . 3
3 95 M ar. 29
o 11 M ar. 29
• 35% M ar. 29
1
12 17 3s M ar. 30
3 69 Mar. 30
3 131 M ar. 26
29
12 51% M ar. 28
16 10 J a n . 22
10 40 J a m 6
7
1% Feb. 7
11 126% Mar. 13
2 100% Feb. 1
12 12% M ar. 27
i 35 M ar. 27
6 15% Mar. 28
12 20% M ar. 29
5 28% Mar. 30
3 19 Ju m 25
19 71 Feb. 16
3 101’a M ar. 30
5 16% Feb. 1
12 75% Feb. 3
5 34 Ja n . 31
1 18% Mar. 28
3 39% Mar. 27
2 11% Ja u . 23
9 195 -Mar. 15
2
2
o
9
19
12
11
17 Mar. 30
10% M ar. 14
•16% Mar. 5
7 M ar. 30
24% M ar. 30
6% Mar. 20
23% .Mar. 30
2
2
n
o
4
H
15
7
1
30 Mar.
1,0 % Mar.
5% M ar.
23% M ar.
14% Ja m
52 Mar.
17% M ar.
IS Mar.
15 F eb.
7
29
27
14
25
22
24
1
1
■ 5 Jan . 8
i
3 10 M ar. 24
18 25 Ja m 4
8 95 Mar. 2!)
6 105 Mar. 2!)
3 25 M ar. 14
2 10 Mar. 24
n 11*1 Mar. 17
24 3S Ja n , 30
2 75 Ja m 2
12 22% M ar. 30
22,151
3
6% M ar. 29
2,720
2
7% Ja n . 31
1.015
2 10>4 Mur. 29
9.800
10 13% J a n . 4
820
1 50% Ja n . 31
1,125
.........
8 M ar. 7
5
11,6(9 26% Mar. o 32% Mar. 30
73% Mar. 30
3,101 63 Jim .
61,827 75% Feb. V 100 M ar. 6
1,608 79% Ja n . 2 92 Mar. 6
22,992 6 0 ’s Ja n . •j 83% M ar. 26
1,690 91% Feb. 16 99 M ar. 27
60,395 58% Ja n . 3 67% -Jam 17
10 Ja n . 22 11 Feb. 6
21 Ja n . a 26% Ja n . 29
7,531 122% J a n . 29 136% Mar. 30
55,835 20% Ja u . s. 30% Feb. 6
9,752 30% Ja n . a 45% M ar. 8
1,70- 13% Feb. u 22% M ar. 17
21C 30 Feb. 13 48 Ja m 4
31,59$ 22 Ja n . 2 39 Mar. 30
8.416 68 Ja il. 2 84% Mar. 3 0
5% Mar. 17
3% Ja n .
3.117
825 12 Ja n . f 17 M ar. 30
30C 14 Ja n . i 19 Ja n . 30
3.001 79 Ja n . i* 82% M ar. 7
225 162*8 Ja n . 2 172 S tar. 28
17
18% 193s T ennessee Coal A Iro n ............
5,030 14% Ja n . a 20% M ar. 6
1,440
1,400
210
100
580
1,912
10,332
2.337
100
4 Ja n .
7% Ja n .
2 2 ’a Ja u .
88 J au.
to o Ja n .
20 Ja n .
7 Ja n .
5*8 Ja n .
35 Mar.
75 J an.
17 Feb.
•1% Ja n .
6 Ja n .
12% Ja n .
12% Ja n .
40% Mar.
6 ’e Ja n .
24
401, 40% U nited Htatea R u b b er C o .......
05-5 36 Ja m 24 41 Ja m
84% 85 W estern Union T eleg rap h ---- 17,880 80% Ja n . 3 87% Mar.
1 2d assessm ent paid.
{ 3d assessm ent paid.
6
«
THE CHRONICLE.
542
NEW YORK STOCK EXCHANGE PRICES (C ontinued)—I N A C T I V E
X
Range (sales) in 1894.
Mar 30.
I nactive S tocks .
fl In d ic a te s unlisted .
Bid.
Ask.
R a il r o a d S to c k s .
.100 165 175
TOO 130
96
98
17
16
B rooklyn E le v ated 11................ 5 6 6
24
15
62
.100
100 47is
.100 : 16*4 17
50 151
61
*
!ioo 20
7
14
.100
.100 14
.100
4
G eorgia Pacific T ru s t ctfsH ... .100
6
Gr. Bay Win. & 8 t.P . t r . r e c . .. .100
100
2
H ou sto n & T exas C e n tra l....... .100
100
.100
8%
2
K eokuk & D es M oines.............. .100
TOO 12
Mar. 135
135
....
Mar.
Feb.
Jan .
. ...
501, Fel).
50i* Feb.
I l k Feb. 17 Mar.
214 Feb.
2 Feb.
147 Jan .
147
7
100
50 90
50
2
M exican N atio n al...................... 100
50
N. Y. Lack. & W estern ............ 100
100 53
100
100
3%
6
P itts . F t. W ayne & C h ica g o ... 100 152
29
25
P itts. & W estern p f ................... 50
R en sselaer & S a ra to g a ............. 100 175 180
R o m eW at.& O g densburgh--. 100 111 1111*
28
Bt. L ouis A lton < T er. H au te.. .100 24
fc
* No p rice F rid a y ; la te s t p rice th is w eek.
2% Jan .
86i* /a n .
9 Ja n .
121 Jan .
,
6 Feb.
Mar. 107
107
148
110%
51
16%
41*
149
26
172ie
110
20
Jan .
Ja n .
M ar.
Feb.
Jan .
Ja n .
Feb.
Ja n .
Ja n .
Mar.
15334 Mar.
113i* Mar.
52 Ja n .
163* Mar.
51* Feb.
151 Feb.
28% Mar.
178 Mar.
112 Jan .
23 Mar.
Bid.
Range (salesJ in 18i 4
Lowest.
Ask.
55
115
89
9
150
Highest.
Mar. 151ia Max.
Mar.
Jan .
2
154% J a n .
109% Ja n . 115
85 Feb.
90
4 Mar.
5
70
Mar*
Mar.
Ja n .
M ar
50
4%
140
35
28
99% 93
Ja n .
64% Ja n .
Ja n .
9 b8 Mar.
M ar. 145 Mar.
Jan .
30 Ja n .
Feb.
99% M ar.
16i*
73
25
60
Jan .
9%
15
59
17% Mar.
68 M ar.
55
59% Feb.
52 Mar.
45 Feb.
21
25 Ja n .
16 Feb.
10
11 M ar.
8^5 Feb.
6% Ja n .
8% M ar.
8%
8 1 M ar.
,
12
275 Ja n . 300 Feb.
106 Feb. 106 Feb.
6*5
3 Feb.
1% Ja n .
2%
15 Feb.
17% Mar.
18
7% Ja n .
9% Mar.
9%
48 Ja n .
57 Ja n .
55
88 M ar.
80 J a n .
88
126 122 Ja n . 128 J a n .
53
t A ctu al sales.
NEW YORK STOCK EXCHANGE PR IC ES.-STA T-E
SEC U RITIES.
Mar. 30.
Bid.
m is c e lla n e o u s S to c k s ,
A dam s E x p re s s.......................... .100 ; i 5 i
53
A m erican E x p re s s..................... 100 1114
Amer. T elegraph & C a b le .__ .100
86
100
5%
.100
P re fe r r e d ..) ............................. 100
100
Colorado F uel & Iro n , p r e f .... 100 63
Columlms & H ocking C o a l___ 100 S 9%
Com m ercial C able..................... 100 130
Consol. Coal of M ary lan d ....... 100 30
E dison E lectric Illum inating.. 100 1 99
100
L aclede G as................................. 100 15%
100 63
20
M aryland Coal, p r e f ................. 100 40
M ichigan-P eninsular Car C o .. 100
100
M innesota I r o n .......................... 100
N ational Linseed Oil Co........... 100 ; 2014
N ational S tarch Mfg. Co.......... 100
8
New C entral C o a l..7.................. 100
7H
100
8
P en n sy lv a n ia C oal.................... 50 300
P. L orillard Co. p r e f .................. 100
62
2
Q uicksilver M ining.................... 100
P re fe rre d ...........7..................... 100 15i*
T exas Pacific L and T ru s t....... 100
S78
U. S. E x p re ss.............................. 100 52
U. S. R ubber p re fe rre d ............ 100 ; 87%
^Vells, F argo E x p r e s s .............. TOO 122
14 Ja n .
7% Mar.
15 Ja n .
14% Mar.
45 Mar.
....
714 Mar.
14
8
6
101* 15 Ja n .
141* Mar.
15
45 Mar.
6
7
4 Ja n .
15
2% Ja n .
3%
801* .Tan.
10
8
5
12 j a n .
5 Feb.
(\ Indica tes actual sales J
St. L. A lton & T. H au te p re f... .100 150 170 150
Toledo P eoria < W estern ........ .100 . . . . . . .........
fc
1
3
Toledo St. I,. & K an sas C ity If.
2
100
17
24
Feb.
Ja n .
17
20
STOCKS.
I nactive Stocks .
H In d ic a te s u nlisted.
Highest.
Lowest.
Ivor* L v m
SECURITIES.
Ask.
Bid.
BONDS M A R C H
Ask.
30.
SEC U R ITIE S.
Bid.
Ask.
99
A lab am a—Class A, 4 to 5 ....... 1906
Class B, 5 s ..............................1906 101
92
C lass C, 4 s ............................... 1906
91
C urrency fu n d in g 4 s .............1920
A rk an sas—6s, In n a,H o i. 1899-1900
do. N on-H olford
L ouisiana—7 s, co n s..................1914
New conole. 4 s .......................1914
M issouri—F u n d .............. 1894-1895
103
N o rth Carolina—6s, o ld...........J& J
30
€0
T e n n e ss e e -6 s, o ld ......... 1892-1898
105
F u n d in g a c t ............................1900
10
60
95%
New bonds, J & J .........1892 1898
15
60
do
new se rie s............... 1914
C hatham R R ...................................
2%
70
Com prom ise, 3-4-5-6S...........1912
5
9
Special ta x , Class I .......................
104"
3
5
New se ttle m e n t, 6 s .............. 1913
C onsolidated 4 s .....................1910
98 100
5 s ...............................................1913 10L 105
6 s .........................................
1919 123 125
3s
1913 76
77%
110
Rhode Isla n d —6s, co u .. 1893-1894 100
59%
V irginia fun d ed d e b t, 2-3S...1991 59
94% 96
S outh C arolina—4%s, 20-40.. 1933 99
99%
6s, d eferred b o n d s.........................
100
6s, no n-fund......... ................ 1888
2
7%
2%
6s, d efe rre d t ’s t re c ’ts, stam p ed .
778
New Y ork C ity B ank S tate m e n t for the week ending Mar.
24,1894, is as follows. W e o m it tw o ciphers (00) in all cases.
B A N K S.
( 0 0 s o m it te d . )
Bank of New York.
M anhattan Co.........
M erchants’..............
Mechanics’..... .........
America........*..........
P henix.....................
City.......................
Tradesmen’s.......
Chemical..............
M erchants’ E xch’ge
Gallatin N ational...
B ntchers’& Drov’rs’
Mechanics’ & Trad’s
Greenwich...............
Heather Mannfac’rs
Seventh National..
State of New York
American E xch’ge.,
Commerce................
Broadway............
M ercantile...............
Pacific...... ..............
Republic................. .
Chatham ..................
People’s...............
N orth A m erica..
H anover..............
Irv in g..................
Citizens*...............
N assau.................
M arket & F u lto n ...
Shoe & L eather..
Corn Exchange----Continental..............
Oriental...............
Im porters’ & T rad’s
P ark ............... .
E ast R iver.........
Fourth National---Central National_
_
Second N ational__
N inth National---F irst N a tio n a l_
_
Third N ational......
N .Y .N a t Exchange
Bowery.....................
New York C ounty..
G erman-American..
Chase National..__
F ifth Avenue...........
German Exchange..
Germania.............
United S tates—
Lincoln................
Garfield................
F ifth National ___
Bank of the Metrop
W est Side................
Seaboard
......
Sixth National........
W estern N ational..
F irst N at., B r’klyn.
Sou .hern N ational..
Capital Surplus
„,noo,o
$
2
$
2.017.1
2.050.0 1,872,4
2 , 000 ,0
997.9
2,U00,0 2.086.2
3.000. 2 , 122,1
0
40 4 .2
5
1 .000 .
1, 000,0 2.773.2
150,6
750.0
300.0 7.151.2
127.9
600.0
1, 000,0 1.514.3
269.3
300.0
400.5
400.0
173.8
200.0
536.4
600,0
106.6
300.0
515,6
1 .200.0
5.000. 2.418.7
0
5.000. 3.564.0
0
1,563,2
1. 000.
0
1, 000,0 1.106.4
470.0
422,7
936.1
1.500.0
966.0
450.0
314.5
200.0
638.9
7CO.O
1,000,0 1.867.6
335.6
500.0
414.8
600.0
289.5
500.0
785.8
750.0
258.2
1 , 000,0
1, 000,0 1.181.0
245.9
1,000,0
415.0
300.0
1.500.0 6.572.8
2 , 000,0 3,042,1
135.2
250.0
3.200.0 1.931.7
640.0
2 , 000,0
3u0,0
566.9
750.0
369.9
500.0 7.270.0
189.4
1,000,0
300.0
130.9
250.0
535.1
553.1
200.0
750.0
292.7
500.0 1.148.0
100.0 1.031.1
630.6
200,0
698.9
200,0
500.0
520.8
609.0
300.0
512.0
200.0
307.2
200.0
715.8
300.0
200.0
284.7
233.5
50C,0
200,0
333.0
2 .100.0
186.2
838,3
300.0
675.7
500.0
L oans.
$
12,600,0
11.338.0
8.780.4
9.938.0
18,157,9
4.308.0
16,936,8
2.363.4
23,9*2,5
3,b92,8
0,078,8
1.614.8
2 . 010.0
1.199.8
2.677.3
1.574.0
2.801.5
20,*02,0
20.464.3
5.715.7
7.036.4
1.975.8
11,165,7
4.928.9
2.291.8
4.745.6
17.414.4
2.435.0
2.628.0
1.867.7
4.525.4
3.161.0
7,328,2
5.080.1
1,820,0
21.039.0
23.803.3
1.140.8
23,7« 3,3
8,680,0
4.237.0
3.700.0
23,133,v
7.171.2
1,228.6
2.727.0
2.769.0
2.015.1
10.876.4
5.585.9
2,573,6
2.707.8
4.755.0
4.809.2
3.901.5
1.703.2
4.479.5
2.173.0
4.233.0
1.725.0
0,438,8
4 .8 1 8 .0
1.925.9
Specie . Legals. Deposits.
$
2.420.0
2.533.0
1 , 861,6
1.576.0
1.618.4
970.0
7,404
418,..
7.154.5
782,b
1.181.5
290.3
390.0
187.1
521.6
280,5
148.1
3.471.0
3,395.8
994.4
2 .0 3 5 .7
$
3 .3 1 0 .0
4 .3 4 7 .0
3 .1 5 6 .2
2 .9 1 2 .0
6 .6 3 8 .3
5 1 2 .0
2 ,0 9 6 ,6
2 3 4 .3
7 ,2 2 * ,7
7 4 7 ,9
2 .1 6 5 .4
305.3
4 9 5 .0
2 3 3 .1
6 4 2 .8
2 3 1 .0
6 2 0 .7
5 .0 5 6 .0
6 ,9 7 7 ,9
1 .2 1 8 .5
1 .8 5 9 .8
5 9 9 .3
2 .7 6 6 .8
573.4
2.084.1
1.206.6 1.891.8
3 6 3 .9
230.0
1,113,3 1.429.0
4 .8 9 6 .2
677.0
642.1
7 2 3 .4
635.5
409.0
1.117.5
1.270.8
2 0 8 .4
2 .5 9 4 .1
7 ti3 ;0
31)8,3
5 4 3 .8
8 9 3 .7
9 9 0 .0
1 .0 5 5 .0
9 8 6 .1
4 1 2 ,t
6 .6 4 2 .0
4.603.0
5.105.6 8.164.0
138.6
13 6 .9
5,168 9 6 .6 7 0 .5
819.0 3 .0 0 9 .0
976.0 1 .0 7 0 .0
428.4
971, b
4.042.6 5 .8 0 1 .0
4 6 2 .4
1.755.0
3 4 7 .7
99,5
3 3 7 .0
485.0
3 3 0 .8
91i ,4
659.4 1.005.6
4.964.9 4 .6 0 4 .5
9 5 7 .8
951,*
229,3
61 0 .1
418.2
4 1 7 .8
1,65*,0
8 9 5 ,6
1 .6 0 4 .9
t33,5
1.031.1
4 * 1 ,7
3 0 7 .4
239.3
773.4
9 2 5 .0
556.0
212.0
1.275.0 1,41-9,0
241.0
2 0 3 .0
2 .5 5 0 .2
1.087.0
127.0
2.186.5
5 4 0 .0
755,
Total................. . 59,922,7 70,69#,6 445,574,4 88,052,4 1105416
, $
14,340,
15,310,
12,003,
10/069.
22,424,
4,360,
22,663,
2,384,
31,113,
4 ,6 1 9 ,
6,878,
1,734,
2,280,'
1,268,
2,748,
1,799,.
2,282,
19.900.1
20,920,
6,063,;
8.588.1
2,865,13.816.1
6,559,'
3,052/
5,849/
21,290/
2.988.1
2,949/
2,808/
4,728.'
3,993/
8,716/
0.
I, 830/
26,370/
32,615/
964/
29,200/
12,293/
6,657/
4,372/
25,982/
8,168/
1,
3,021/
3,436/
2,818/
18,802/
0,423,:
3,03*2/
3/266,;
6,595,
6,094,4,964/
1,924,
6,£ 3‘ ,
2
2,468,
0.
1,
II,
4,857,
1,894,
544,4
New York City, B oston an d P h ila d e lp h ia B a n k s :
Capital &
Ba n k s . Surplus. Loans. Specie. Legals. Deposits, f Circ'Vn Clearings.
$
N. Y o rk .*
$
$
$
$
$
$
Feb. 24 .... 132.937.9 441,217,6 07.915.0 1100375 532.742.4 116036 387.314.1
Mar. 3 — 132.937.9 439.303.4 07.526.3 1111879 531,741,2 116400 465,002,5
“ 10.... 130.613.3 439.949.5 97,363,8 1115455 533,103.7 115337 485.701.2
“ 17 .... 130.613.3 443,058,1 98.583.0 1137859 540.266.4 113689 4 69,245,5
“ 2 4 .... 130.613.3 445,574,4 98.652.4 1105416 544.465.4 112430 416,317,0
B o ston.*
Mar. 10.... 64.642.9 169.917.0 10.340.0 9.725.0 162.553.0 8.003.0 79.604.2
” 17.... 64.642.9 169.949.0 10.716.0 9.795.0 163.356.0 8/06,0 77.787.7
" 24.— 64.642.9 170.077.0 11.255.0 10,066,0 162,48L,0 8.001.0 71,103,6
P h f la .*
M ar 10__ 35.810.3 97.739.0
106.893.0 4.834.0 49,945,4
37,9 19.0
“ 17.... 35.810.3 98.725.0
107.950.0 4.840.0 55.993.8
37,3 15.0
“ 24__ J 36.810.3 99.061.0
108.531.0 4.826.0 47.268.2
37,8 13.0
* We omit two ciphers in all these figures, t I n c l u d i n g f o r B o s t o n a n d P h i l a
d e lp b i a , t h e i t e m “ d u e t o o t h e r b a n k s . ”
M iscellaneous and U n listed Bonds.—Stock Ex, prices.
M is c e lln n e o u s
Bonds
Ch, Jun.<fe S. Yds.—Col.t.g.,5s 100 b.
Colorado Fuel—Gen. 6s..........
Col. & Hock. Coal & I .—6s, g. *~95" .1.
Consol’n Coal—
Convert. 6s. '102 b.
Cons.Gas Co..Chic.—lstg u .S s 82 %a.
Denv. C. Wat/Wks.—Gen.g.Ss
Det. Gas con. 1st 5s................
E ast River Gas 1st g. 5s........
90 b.
Edison Elec. 111. Co.—1st 5s . 105 b.
Equitable G. & F.—1st 6s---- 95 b.
Henderson Bridge— g. 6s. 108%b.
1st
Hoboken Land & Im p.— 5s
g.
Mich.-Penin. Car 1st 5s. g __ 100 a.
M utual Union Teleg.—6s g ..
National Starch Mfg.—1st 6s. ‘ 95*'b .
N orthwestern Telegraph—7s. 107 V j .
705/
Peoria W ater Co.— g ......
6s,
N o t e .—“ 5 ” indicates price bid; “ a ”
m is c e lla n e o u s B o n d s.
People’s Gas & C. I 1st g. 6s
Co., Chicago---->2d g. 6s.
99 a.
Pleas. Valley Coal - 1 s t g. 6s.
Procter < Gamble—1st g. 6s
fc
Sunday Creek Coal 1st g 6s.. 100 b.
W estern Union Teleg.—* > „ 117 a,
W heel.L .E & P .C oal-lst g 5a 70 a.
U n lis te d B o n d s.
Ala. < Vicks.—Consol. 5s, g .
fc
Vicks. & M erid.lst 6 s .......
Amer. Deb. Co. col. tr. 5 s__
93 V b .
Comstock T anuei—
Ino. 4 s..
9 b.
Geo. Pac—1st 6s g. ctf3........ 99%b.
2
‘ d mort. incom e.................
41 b.
Consol. 5s, g. c tfs........
11 b.
i ncome 5s. c tfs....................
Mem.&Charleston—Con. 7 g.
price asked. * L atest price th is week
B ank Stock List.--Latest prices of bank stocks this week
BANES.
BANKS.
Bid.
Bid. Ask.
200
280
155 Garfield........
115
250 German Ex..
180 G erm ania.... 325
125 Greenwich .. 150
320
150
350 400
4100 4700 Im. & Trad’s’ 550
140
425
137 145 Leather Mfa’ 210
500
215
M anhattan.. 170
176 180
210
270 290 Mechanics’.. 180
150
142
M ercautile.. 175
140
110
2060
190
Am. E x ch ... 150
V
68/
B roadw ay... 220
160
121
264,
e8u,
826,
2500
F irst N .,8.1. 112 120
200
Fourth.........
M urray Hill
Nassau......... 160
New Y ork... 216
Ask.
__
335
585
225
190
225
185
170
190
145
125
465
1F0
222
BANKS.
N. Y. Nat. E a
N inth.........
19th W ard..
N. America,
Oriental —
Bid. A sk
575
112
116
i 35
150
225
175
H8
People’s __ 270
113
Produce Ex.
152
Seaboard... 173
30i)
Seventh — 125
St. Nicholas.
125
240
290
300
120
162
110
120
154
105
100
175
95
Un’d States ieo 175
W estern — 110 115
West S id e.. . . . . .
THE CHRONICLE.
March 31, 1894,];
548
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Active Stock*.
* in d ic a te s unlisted .
S n a r e P ric e s — n o t P e r O e n tn tn P r ic e s .
S atu rd ay ,
M arch 24.
M onday,
M arch 20.
T uesday.
M arch 27.
W ednesday, T h u rsd ay ,
M arch 28. ! M arch 29.
16 1 14% 16%
Ll% '
......... 79%
■
.........129
116 118
14% 14% 15
208% 208% 208%
■187 187%
187
145 145
146
13% * 13% ___
......... *48 ___
83% 81% S3
63% 63% 63%
15% 15%
15% 15% 15%
Atch. T. A 8. F e (BotUm) .100 15% 15^8
1%
A tlantic A F a*.
“
100
....... 79%
I " " *80
B altim ore A Ohio (B a ltJ .100
.......129
1st p refe rred
“
100
....... 117
2d p re fe rre d
“
100
14% 14% 15
15
14%
B altim ore Traces .(P h il.). 25 14% 15
203 208% *208 ......... 208
Boston A Albany i BotUm).100 208% 208%
1S7 13186% 187
187
B oston A L ow ell
“
100 187 187
145% 146% 146 146% 146
B oston A M aine
“
100 •.........147
*13% ...
*13%£14%
13%
C e n tral of Mass
“
100 *13% . . . .
*48 .. .
*48 . . .
*43
P re fe rre d
“
100 *48 . . . .
Chic. Bur. A Quin.
“
100 83% 83% 83% 84% 82% 83% 82%
Chic. M il. A 8 t. P. (PM l.).lOO 62% 62% 62% 63% 62% 63% 63%
*22
24
24
Chic. A W. Mloh. (B ottom . 100
Cleve. A C anton
“
100
P re fe rre d —
“
100
78% 78% 78% 78% 78% 78% 78% 79%
F itch b u rg p r e t
“
100 7e% 79
*32 ...
*32 .....
32
32
*32 .........
H u n t. A B r.l'o p .fP A ifa 1- 50 *31%
19% 19% *49% 50
49% 49%
P re ferred
“
50 *49% 60
L ehigh V alley
“
50 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%
107 ......... 108 .. .
■107 ......... 103 .........
M aine C en tral (B otton). 100 107 107
106 107% 107% 107% 108% 106% 105% 106
M etropolitan TrhO.(Phil) .100 106 106
'7 %
7%
7% 7%
T ’s
7%
7% 7%
7%
7%
M exican CenVH.Boston).100
1 0 % 10%
10
10%
10 % 1 0 %
10% 10%
N .Y . A N . E ng.
"
100 1 0 4 1 0 4
27
2
27
27
27
26
28
*27
30
P re fe r r e d ....
“
100 27
68
68
N orthern C entra! (B a ll.). »0 * ___ 63
5%
5%
5%
5% 5%
5%
5% 5%
5%
5%
N orthern Pacific ( P kila.). 100
22%
P referred
“
100 20% 20% 2 1 % 2 1 % 22% 22% 21% 21% 22
L75
171% 174%
174% 174% 174% 174% *174 175
Old Colony
(Bottm 0 .1 0 0 *174
51% 51
51% 51
51% 51% 51% 51% 51%
P e n n sy lv a n ia .. (P h ila .). 60 51
*21
....
PhUadeL A E rie.
“
50
10% 10%
P hila. A B eading
“
50 1011i 81013IB 10% 1013,, 10% 10%, l o i ,e ioi% 6
101 101%
101% 103% 103% 103% 101 103
Philadelphia True. "
50 100 11>G
*6%
*6%
*6
8
S um m it B ran ch (B oston). 50
19% 19% 19% 19% 19% 21% 20*m 21%
Union Paoidc
"
100 *18% 18%
•227% 228
227% 227% 227% 2 2 7 4
227% 228
o m ted Cos.of M.J.(Phila.) 100
2
2
2
2
2
W estem N .Y .A P a(/7 u ia./.1 0 0
* 1%
2
*1%
l 7s 1%
n iK S lU lK O B H S lO C h t,
90
90% 90
90% 89
89% 88% 89%
A m .aag 'rB eiin .t ( Button j ---89% do
89% 88% 87% 88
98%
87% 89
88
89% 88
P re fe rre d ____
“
182% 183
185% 190
183% 1.94
183% 186
S ell T elep h o n e..
•*
100 183 183
26% 27
27
27% 26% 27
27
26% 27
B ost A M ontana
"
85 27
1 0 4 10%
10% 10%
10% 1 0 4
1 0 % 10 %
10% 10%
B u tte A B o sto n ..
"
25
300 300
300 300
300 300 '3 0 0 305
C alum et A H ecla
"
25 300 300
* ...
75
75
C anton Co........ (B a ll.).100 *
•......... 75
64% 64
66%
6 4 4 64% 64
Consolidated Gas
“
|A
64% 64% 66% 66
45
\z*
4 4 4 4 1 4 *44% 45
44% 41% 44% 45
*2% 12% 43
43
42% 42% 42% 4 2 4
42
42%
*72
74
75 *......... 74 >......... 74 *......... 74
P re ferred ........... “
100 *
22
214 214
2 2 % 22
20% 22
22
L atnson Store 8«r. "
21% 22
L ehi'h CoalANav 'P h il.j 50 54% 54% 54% 54% 54% 54% 54% 54% 54% 54%
N ,Eng.TeIephonefBo*i’n.
51
51% *51 ...
82% 52% *62
52
53
5
5
(forth A m erican . (PhU .t, 100
5%
5%
5
5%
5
12
12
12
11% 11%
12
W e s tE n d L a n d .. (B o tfn ).
12
12%
12
12
made.
* B id an d ash ed prices; no sale
Inactive Stocks.
Bid.
Ask.
.
Inactive stock*.
P r in t o f lla rth 30.
Bid.
F rid ay ,
M arch 30.
Bales
of th e
W eek,
Shares.
14% 15%
-1
'7
128
115
15
208
1ST
145
13%
43
81%
63
1%
80
15
208
187%
146
13%
50
82%
64%
......... -50
......
79
*32
•49
40%
2
79%
33
49%
40%
105% 109
■67% 68%
5% 6%
22% 23
51% 51%
*23 .......
1O9,0 10%,
101 104
•6 %
.................
2 <.%
22
*1%
2
227 % 227 %
8 8 % 00 %
89
39
198% 189%
27% 27%
10 % 10 %
300 300
72% 72%
Ask.
66%
66%
44% 45
41% 42%
73
73
54% ”54%
•50
50%
*5% 5%
* 12 %
12 %
R ange of sa les in 1894.
Low est,
H ighest.
29,860
9% Ja n . 2 16% M ar. 29
100 •62% Ja n . 5
1% M ar. 14
67% Ja u . 4 79% M ar. 21
125 Ja u . 17 129% M ar. 6
108 Ja n . 31 1 1 6 M ar. 19
1,815 14 Feb. 12 17% Ja n . 18
98 100 % J an. 2 208% M ar. 9
71 182% J a n ; 10 187 Mar. 12
37 128 Ja n . 15 149 M ar. 19
40 11 J a n . 20 14% M ar. 10
46 Ja n . 3 49 M ar. 14
£0,903 73% J a n . 3 84% M ar. 21
15,030 54% Ja n . 3 64% M ar. 21
2 17% Ja n . 23 25% M ar. 13
•50 J a n . 3 •50 J a n . 3
2 Feb. 24
2% J a n . 16
627 72 Ja n . 2 81 F eb. 7
50 30% Mar. 9 35 J a n . 10
32 48 Feb. 20 51% J a n . 10
1,015 36% Ja n . 3 42% M ar. 13
3 101 J a n . 16 109% Mar. 12
2,657 x96% Ja n . 6 109 M ar. 30
1,591
5% J a n . 2
8 M ar. 14
2,773
7% Ja n . 2 14% J a n . 23
73 24% Mar. 20 41 J a n . 8
61 67 J an. 30 68% Feb. 23
3,619
4 J a n . 15
G% M ar. 21
13% Ja n . 15 23 M ar. 30
1,4
13 170% Ja n . 2 175% Ja n . 12
1,251 43 Ja u . 5 51% Mar. 17
21% Ja n . 20 28 % Feb. 1
39,039 8>*i; J a n . 2 11% Mar. 12
5.633 89% J a n . 5 104 M ar. 30
6% Mar. 7
7% M ar. 5
5,357 17 Feb. 1 2 22 M ar. 30
73 227% Mar. 21 230% Mar. 15
1% J a n . 12
975
2% Ja n . 26
12,512
214
992
940
905
75% Ja n .
79 Ja n .
163 Feb.
23 Feb.
8 Feb.
21 !92% Mar.
50 66 Ja n .
2,57
53% Ja n .
121 42 Feb.
1,589 30% Ja n .
10 56 Ja n .
517 12% Ja n .
387 51% Ja n .
102 49 Feb.
3% Ja n .
610
9% Feb.
1,285
24
3
26
15
14
3
18
3
21
3
4
99 M ar.
90 M ar.
191 J a n .
27% J a n .
1 0 % M ar.
302 J a n .
74% Feb.
6 6 % M ar.
15% J a n .
45% M ar.
75 M ar.
2 2 % Mar.
55 M ar.
54 J a n .
5% M ar.
1 2 % Mar.
Bonds.
P a A N. Y. C a , con. 5s. 1939, AAO
P erldom en, 1 st se r.,5 s . 1918, Q—
J
P ftU A A E ricg en .Jl.5 g .,1 9 2 0 , AAO
Gen. m ort., 4 g ...........1920, AAO
83%
69 4 P hila A Read- new 4 g., 1958, JA J
116
1 st p ref. Incom e, 5 g. 1958, Feb 1
107
2d pref. incom e, 5 g, 1958, Feb. 1
90% ! 3d p ref. Incom e, 5 g, 1958. F eb. 1
2d, 7 s............................. 1933, AAO
1014
ConaoL m ort. 7a......... 1911, JA D
100%
Consol, m o rt. 6 g . . . . . . 1911, JA D
Im p ro v em en ts!. 6 g ., 1897, AAO
94
96
Con. M .,5 g„stam ped. 1922. MAN
82% jl T erm inal 5». B.........19*1, Q.—F.
h9
Phil. H ead. A N. E. 4 s ............ 1942
r„Tf | Incom e*, series A . . . . . . . . . . . 1952
hT
>
Incom e*, se ries B ................. 1952
120 !P hil. Wtlm. A B ait., 4 s . 1917, AAO
PittA C. A 8L L., 7 S ....1 9 0 0 , FAA
122 ;Schuy 1.K.E.8ldo, 1st 5 g.1935, JA D
Su
Steulten. AI mL, 1st
1914, J A J
.97%
A tlan ta A C h a rlo tte liiaff.) .100
B oston A P rovidence (Boston) .100
Camden A A U n tie pf. (P hila.). 50;
C s ta w lsc a .......................
“
50
1 st p re fe rre d ____
"
50,
f d p r e f e r r e d .......
•*
50
C entral O hio.............. (Ball.). 50
ChAri. CoL A A a#n»t*
100
C onnecticut A P asa . (Boston).100
C onnecticut R iv e r ...
«
100
D elaw are A Bound Br.(PAWo.).100
F lin t A P ere M a ra ... (Boston). 100!
P re fe rre d ......... .
*
* 100
H *r.Port»-M t.JoyA L. (Phtta.). 50
K an. U y F t.S .A M ein .iB o ito n i.lO O
P referred .............. ..
*
*
100
K. City Mem. A B lrm .
“
100
L ittle S c h u y lk ill..... (Phila.). 50
6
6
9
2
8
12
28
29
15
8
8
28
17
9
19
20
Bid. Ask.
1054
100
113
100%
76%
37%
254
19%
116
128%
120%
107
102%
104%
41
12
82
84
A t.T op.B ,°F.l5o^yr0^g°,?989, J A J
257 260 'J 2d2% -4».K .,C la»s.V ..1989,A A O
29 | ......... jjBoston U nited Gas 1st 5 a ............ . i 93
101
.......... 5
2d court. 5s.............................. 1938 69
77
51 ....... B ari. A Mo. H irer E x e a p t 6e,JdtJ 115%
37%
49
K oa^xem pt
... ....... 1918, JA J 1064
25%
48
*0
P lain 4*.......................... 1010,JA J i 69%
19%
......... i..........i Chic. B u r l,* Nor. lo tS .1 9 2 6 , AAOj|103%
103%
---- . . 1 2 3
2d ranrt. 6«.................1918. JA D
lo t
128%
229 ___
D ebenture 6 s..............1896, JA D IOO
162 165
Chic. B url. A Quincy 4 » .. 1922, FA A 92
108
13
15
10 2 %
Iow a D ivision 4 s .....1 9 1 9 , AAO 95
4.3 ; 45
Chle.AW.Mb-h. gen. 5s, 1921, JA D
105
82
89
82 [» .... ConsoL o f V erm ont, 5*. 1013, JA J
45
(S3
___
75
10
....
io o
11.9
1 14
67
» resvElk. A M .V.,1st, 6«.1933, AAO 123%
■ s T O W s c u v * . * vet 1 ™ re «* v a s w a w * * ! . A w ; * * • « • • , • « « * * « « , 1
V/ la ri t. A*It*
i s v , v /o ., .* 4 V v o , a i * v
109%
,121
M aryland C e n tr a l....
(Buff.) 50 .......... . . . . . . K.C. C.A Sprtn *. .1st .5* .,1925, AAO 75
Mine H ill A B. H av en (P hilo.). 50 69
--------- r "
m A ----------- ” —
87
104
Neequehonlng V aL ...
“
50!
104 101%
30
123 1*23%
N o rth ern S. H............ (Boston).100
N orth P en n sy lv a n ia . (Phila.). SO)
f l9 0 7 , JA J 116% 117
79
Oregon Short L in e ... (B ottom . iOO
Incom e 6 s .. . . . . . . . . . . 1 9 0 0 , AAO 95
, 95 ........
98
P en n sy lv an ia A N. W. 1
Phila. 1 50 ........... 43
i ................ 1 0 ^ 4
R u tla n d ....................
(Boston 1.100
100
}i02 103
P re fe rre d ..............
100
54
•momma
53
Seaboard A R oanoke. (B a ll) 100
lsto o n so i.in co rae s.3 g, non-cam.
S taten Island. 2d. 5 g. 1926, JA J ■9 5 "
12
13
1st p re fe rre d ........... .
**
100
B *l.A O hto8.W .,l«t,4% g.l990,JA J 105%
2d consol, incom e*. 3s, non-cutn.
B
7
W est E n d ____ _____ ,(Botton). 50
1. A. A »*-* ng,, lst,7
>* 1
1W
C apeF .A Y ad..8er.A .,6g.l9t6, JA D
S. Y. 4* If.E * A1 *0*, * ,1 9 0 5 , JA J - .5106% 107
68
70
P re ferred .™ _____
“
50
1 st m ort. 6* ................1905, JA J ‘ 104 10*%
Scries B .,6 g .................1916, JA D
W est J e rs e y ................ (phila.). 50
Series C ,,0 g .................1916, JA D
2d m art. 6*....... .
1902, FAA , 93
68
8*
West Je rsey A A llan,
50 ......... j ____ Ogden. A L .C .,C on.6*...1920.A A O itloi 104% Ceni. Ohio, 4% g ............. 1930, MAS 103
W setern M a ry D n i..
(Balt.). 50 .........| ..........
I n c .e s ................................... ..1 9 2 0 5___
Chari.Col.A A ug. 1 st 7 » .1895. JA J 100 102%
22
W iim. Col. A A u g u st*
"
100
93%
G a C ar. A Nor. 1 s t 5 g .. 1929, J AJ 93
......... Ru H and, 1 st,6 s ........... 1902,M A N i£no
W UmngTu A Weldon
•*
100 ___ 100
2d. 5s............................ 1 8 9 8 ,YAA 5100
N orth. Cent. 6 s............... 1900, JA J 1 1 2 % 1 1 3 4
Wisconsin C e n tr a l... (Batumi. 1001
6 s.....................................1904, JA J 116
P re ferred -------. . . . .
i S „ . ! ! ! • . . 7™
Series A, 5 s.................. 1926, JA J 112
106
*
...
AHairtl0 c ity 1st 5s, g.. 1919, MAN
Worc’it.N ash.A B och.
“
100 115 1125
4 % s........
1925, AAO 105
102
J»i*CKLLA**OrS.
B eividere Del., 1st, 6 s ..1902, JA D 113
P lcd m ,A C u m .,lst, 5 g .l9 1 1 . FAA
9 9 4 100 4
A U onei M in in g ____ (Motion), 25: •35
•50 CaUW issa, M., 7 s ......1 9 0 0 , FAA 112 %
P itts. A Connells, I s t 7 s .l 8 9 8 , J A J n o
A tlantic M ning------”
25
a w u m e awin in g .___
•*
351 10 | 10% Olearfleld * Jeff., 1 st, 6s. 1027, JA J 117 120
V irginia Mid., 1 st Us. ..1 9 0 6 , MAS 113 113 %
C ity P assen g er R R ... (B ail.). 25 ......... ......... IConnecting. 6 s......... 1900-04, MAS
2d Series, 6».................1911 MAS 113 114
Bay S ■ T snd
as............
d 1.4 1 —1AA
3d Series. 6 s .................1916, MAS 105
Do at n tate aGd ___ . . . . (Boston). 50 11% as 4% !D _. _ AnB4...iir'klstM£,7 #.i905,F A A 1*26
4“
4
Va
l_ 11 %vs Eel. A AAm . ,V s t.,5e. 1 9 2 «.,MAN
t
Boston1 L n
10! (t 3%
ssto .
0
4 th Series, 3-4-5s....... 1921, MAS BO
107%
Centennial Mining...
“
10 3% 4 | E lm ir.& W ilm .,ls t,0 s .l9 1 O , J A J .
95% 100
5 th Berios, 5 s .............1 9 2 6 , MAS
F o rt Way n e E lectric?
"
25
4%
5
H u n t. A B P d T o p ,C o n .5 s.’9i,AAO 101%
W est Va C.A V l s t . 6 g . 1 9 l l , J A J 105% 106%
Frank;::! Mining.___
«
25
Lehigh Nav. 4% s.......... 1914. Q ' n o
W ert’r. N.C. Consol. 6 g.1914, J A J too% l<»i 4
F re n e h m 'n 'sB a y L ’nd
2
5
2d 6 s, gold................... 1897, JA D 108%
2%
Wiim. Col. A Aug., 0S..191O. JA D 114% 115
lilln o ls S teel .............
IOO 52 i 53 1 G eneral m ort. 4%*, g,1 9 2 4 .Q —F IU3
MlSCEU-ASEOas.
K e a n a r e e M ining___
__
.
no
25
in
7 , „ ________________ .„ ___ _
8 .
B altim ore—City H a ll6 a .l9 0 0 ,
104% 105
.100
M orris (areal g u ar. 4 . (PAU«.).100 .................... ! Lehigh Valley, 1st 6 s ...1898, JA D 110 111
F a n d ln g d * ...................1900, l guar.
112 115
100
191 ! 2d 7 s ....................
W est M aryi'a B S . 6 s .. 1902,
1910. MAS 132% 132%
Osceola M in in g ...
Consol. 6 ...................1 9 2 3 . JA D 124
. 25 25
W ater 5»......................1910, MAN 14.0 1 2 1
254
Pullm an P alace C a r..
"
100 171 ;172 | N orth Bonn. 1 st, 7 s . . . .1896, MAN 108 a ! .........! F u n d in g 5s...................1916, MAN
Quincy M in in g ...___
“
25 *90
91
G en. M. 7e.............................. 1903. JA J
...
E xchange 3 % * ........1 9 3 0 , JA J 101-'j 102“
125
T am arack M ining___
"
1
71s< 7P en n sy lv a n ia g e n . 6». r..ll)1 0 , Vnr 128%
25 16* 169
.. . Virgin to (Stated 3s. n e w . 1932, J Ad
B a ited Ga* t o p t ,
(Phil.).
63 I*,***,1 Consol. 6s, c ........1 9 0 5 . V rr 119
0 ! OhtwaueRlre O as. 6»........1«00, JAD; 107 1 . . . .
W ater P o w e r ........... (Botitm). 100
Consol. 5 e .r ..............,.1 9 1 9 , Vsr 113
1%
1%
... i 'Con»ol. <»««, 6»................ I '•10, d A • H I'-* . . . .
W esting E le«.lstpf<L fB o«ton;. 50 49
49%
CoUat, Tr. 4% g ............1913, JA P
...
5 s .......... .......... .............1032 J .1 : 102 •* 10 J
A ssenting________
"
. 50! 32 ( 32% I Pa. A N. Y. Canal, 7 s .. .1 906,JAD 125
109
. . . B-. ilteh le r ■’' ' '
V Cells ted.
5And accrued Interest.
I Last price tin - wee*.
x ex-right*.
THE CHRONICLE.
544
NEW YORK STOCK EXCHANGE PRICES (Continued).—A C T I V E
R a il ro a d
and
Closing jRange (sales) i n 1894.
—
Mis c e l . B onds . r\ \ Price ------------ ------- 177- 7—“
ltef
Highest.
P enoa Mar. 30. Lowest.
[V ol.
BONDS M A R C H
R a i l r o a d and M i s c e l .
30
AND FOR YEAR
B onds . Inter* l
Lvm,
1804.
Closing Range (sales) in 1894,
Price
Period Mar. 30.
Lowest.
Highest.
Ja n .
A
Mai1
A m er. C otton OH, dob., 8 g .l9 0 0 Q-— 113ie 111 Feb. 113*2 Ja n . Mo. Pao. (Con.)—3d, 7 s ... 1906 M A N 108 b. 103 Ja n . 109 Mar..
F
A 99*2b. 95
100
77 Mar.
Pac. of Mo.—1st, ex., 4 g.1938 F
67 4an.
77
At-Top. A 8. F.—100-yr.,4 g. 1989 J A J
38*2 Mar.
2d extended 5s...............1938 J A J 105 b. 99 Ja n . 105 M ar.
31*2 Ja n .
38
2 d 3-4 r, g., CL “ A*.......... 1989 A A O
32*2 M ar.
St.L.A Ir.M t. 1st e x t., 5 s .1897 F A A 102 b. 100*2 Feb. 103 Ja n .
Col.M idland—Cons., 4 g.1 940 F A A 3 1 *2 i 28 Feb.
51*4 Mar. 1
2d, 7 g ...............................1897 M A N 106*2b. 102 Ja n . 107 Mar.
44*2 Feb.
51i4
A tl. A P a c ,—G uar., 4 g — 1937 . . . . . . . .
97 M ar. 102 Mar.
6*4 Mar.
Cairo A rk.A T exas,7 g .l ft97 J A D 102
2*2 Ja n .
5 7s
W. D. incom e, 6 s ............ 3 910 J A J
79*2 Mar.
♦ Gen. R ’y A lan d gr.,5 g.1931 A A O 79 b. 71 Ja n .
B rooklyn E lev. 1 st,6 g ....l 9 2 4 |A A O IO 334 100 Ja n . 107 J a n .
111*2 Jan . 115 M ar.
97*2 Feb. Mobile A Ohio—New, b g . . 1927 J A D 115
94 Ja n .
97
U nion E le v ated .—6 g ----193 7 M & B
61 F eb.
57 78 Ja n .
G eneral m ortgage, 4 s_ 1938 M A S 59*4
_
1091«b.|1051 Ja n . 110 Feb.
a
C an ad a Southern.—1 st 5s.. 1908 J & J
J
n.
Feb.
2d, 5 s ..................................1913 M & S 10334 102 Ja n . 105*4 Feb. Nash. Ch. A St, L.—1st, 7 s .1913 J A O 127 b. 125*2 Ja n . 128*2 Ja n .
101
102
98 Ja
Coneol., 5 g ........................ 1928 A A
32 J an. 47*2 Mar.
47*2
C en t.G a.-S .A W .lstco n .5 8 .l9 2 9 . . . . . . . .
1 1 5 Feb. N. Y.Central—D ebt. ext.46.1905 M A N 103 b. 101*2 Ja n . 103 M ar.
C en tral of N. J .—Cons., 7 s. 18991 Q—J 114 b. 112*2 Ja n .
1st. coupon, 7 s................. 1903 J A J 125 b. 123 Ja n . 125*2 M ar.
Consol.. 7 b......................... 1902 M & N 124 b. 121 Feb. 123*4 Feb.
Delien., os, coup.. 1 8 8 4 .. 1904 M A S 107*2b. 107 Ja n . 110 Feb.
G en eral m ortgage, 5 g .. .1987 J A J 11378 IIO I 2 Jan . 114 * Mar.
N. Y. A H arlem , 7s, rog 1900 M A N 119*2b. 116% Ja n . 119*2 Feb.
. 2b.
107 *«... 105 Ja n . 108*2 Feb.
Leli.A W .B .,eon.,78,aa’d . 1900 Q—M
R. W. A Ogd., consol., 5S.1922 A A O 116*2b. 113% Ja n . 115*4 F eb.
“
m o rtg a g e 5 s. 1912,M A N *103 12a ' 100 Feb. 103*8 Mar,
Am. Dock A Im p., 5 a---- 1921 J & J I l l b. 108*2 Ja n . 111*2 Mar. i W est Shore—G uar., 4 s ...2361 J A J 104*2 100*2 Ja n . 104*2 M ar.
A
97*4 Ja n . 100*2 M ar.
C e n tral Pacific—Gold, 6a.. l *98 J A J 10534 103*4 Ja n . 106*2 Mar. N. Y. Chic. A St, L.—4 g. — 1937 A A O 100*4
Che8. A .Ohio—M ort., 6 g ...l9 1 1 A A O 119 b. 115*2 Ja n . 11934 Mar. N. Y. E levated—7s............. 1906 J A J 111 b. 109^4 Ja n . 111 Feb.
J
J 130
127*2 Ja n . 129*2 Feb.
1 s t consol., 5 g .................. 1939 M A N 10534 101*4 Ja n . 1065% Mar. J N. Y. Lack. A W.—1st, 6 s .. 1921 F A A 112 b. 110 Feb.
112*2 Ja n .
76*2 M ar.
C onstruction, 5 s .............. 1923
72 Ja n .
76*4
G en eral 4 * , g .................. 1992 M A S
28
91 Mar. N.Y.L.E.AW.—Ist,c o n .,7 g .l9 2 0 M A S 135 b. 131*2 Ja n . 135 Feb.
84 Ja n .
R . A A .D iv., ls tc o n ., 4 g. 1989 J A J
91
86 Mar*
74*2 Ja n .
88 M ar.
2d consol.. 6 g................... 1969 J A D 843s
83 b. I 78*8 Ja n .
“
2 d con., 4 g .. 1989 J A J
Long Dock, consol. 6 g ..l9 3 5 A A O 128 b. 126 Ja n . 128 Feb.
E liz. Lex. A B igS an.--5g.1902 M A S 993ia. I 96 J a n 100*2 Feb.
84 78 Feb.
82% Ja n .
121*2 119 Ja n . 121*2 Mar. N. Y. Ont. A W.—Ref. 4s, g. 1992 M A 8 8 3 78
Chic. B url. A Q .- Con., 78.1903 J A J
Consol., 1st, 5 g .................1939 J A D 109*8 107 Ja n . 109% M ar.
D ebenture, 5 s.................... 1913 M A N IOC 84a. 97 Feb. 101 Mar.
104*4 Ja n . 107 M ar.
4
C o n vertible 5 s .................. 1903 M A S 103* b. 101*2 Ja n . 104*8 Mar. N.Y.Sus. A W.—1 s t re f ., 5 g . 1937 J A J 107
M idland of N. J ., 6 g .......1910 A A O 118 b. 117 Ja n . 117*2 Ja n .
94
90*8 Feb. 913s Feb.
D en v er D ivision, 4 s........ 1922 1 A A
91 Mar. Norf. A W .—100-year, 5 g. 1990 J A J
N eb rask a E x te n sio n , 48.1927 M A N 90 34b. 1 85*2 Ja n .
85 a.
McL&Wash. D iv .- ls t,5 g .l9 4 1 J A J
H an . A St, Jos.--Cons., 6 s 1911 M A S 116 b. 115*4 Ja n . 119*2 Feb.
105% Ja n . 114*4 Mar.
Chic. A E. 111.—1 st,s. f.,6 s. 1907, J A D 117*2a.; 111*2 Jan . 116*2 Feb. N o rth .P a c.—1 s t,coup., 6 g . 1921 J A J 114
893g M ar.
78*2 Ja n .
A A O 89*4
G eneral, 2d, coup., 6 g ..,1 9 3 3
118*2 Ja n . 122 Mar.
Consol., 6 g ....................... 1934 A A O 122
64 M ar.
52*2 Ja n .
G eneral, 3d, coup., 6 g .,.1 9 3 7 J A D 63*8
9734 Ja n . 101*2 Mar.
G en eral consol., 1st, 5 s .. 1937 M A N 101*2
J A D 34
34*2 M ar.
26*4 Ja n .
99 M ar.
Consol, m ortgage, 5 g .... 1989
99 b. 95*2 Ja n .
Chicago & EWe—ls t,5 g ...l9 8 2 |M A ^ N
75 b.
Col. tr u s t gold notes, 6 s. 1898 M A N
34*2l». 31*2 Ja n . 35 Ja n .
In co m e, 5s............. ...........19 -2
48 3g j a n .
43 Ja n .
Chic. A N. P a c ., 1 st, 5 g. 1940 A A O 4 6 58
83 Mar. 87 Ja n .
A J
8 3 5e
Chic, Gas L. & C.—1 st, 5 g ..l9 3 7
S eattleL .S .A E .-lst,gu.6.1931 F A A t 52*4 i4 0 Ja n . 152*4 Mar.
J 129 'b .1 2 6 Feb. 129 Mar.
Chic. Mil. A St. P —Con. 7 s. 1905
35
30*2 Feb.
38*2 M ar.
J 114 b. 112 Jan . 114 Mar. N orth. Pac. A M on .—6 g .,.1 9 3 8 M A S
1 st, S outhw est Div., 6 s .. 1909 J
A J 100 a. 95 Ja n . 100 Feb.
J 116 b. | 11134 Ja n . 116*2 Mar. N orth. Pac. Ter. Co.—6 g ..l9 3 3
1 st, So. Minn. Div., 6 s . . .1910 4
106 Ja n . 110 M ar.
J 110 * b. 107 Ja n . 110*2 Mar. OhioAM iss.—Cons, s.f.,7 s .1898 J A J 110
4
1 st,C h. A Pac.W . D iv.,os. 1921 J
106 Ja n . 110 M ar.
Consol., 7 s......................... 1898 J A J 110
J 104 b. 101*2 Ja n . 102*2 Feb.
Chic. A Mo. Riv. D iv.,5s. 1926 J
97 Mar*
J 10 7 * 2 b .l0 4 Ja n . 108 Mar. Ohio Southern—1st, 6 g .... 1921 J A J) 95 b. 92*2 Feb.
Wise. A M inn. D iv., 5 g ... 1921 J
48 a. 45 Feb. 48*2 J a n .
108*2 Mar.
G eneral m ortgage, 4 g „ .1 9 2 1 M A N
J 108 *
411.106 Ja n .
T erm inal, 5 g ................... 1914 4
47 Mar*
91 Mar. 1O m aha A St. L ouis—4 g ...l 9 3 7 J A J 48 b. 42 Feb.
91
90 Ja n .
J
Gen. M., 4 g., series A ... 1989 J
99 3g Mar.
J 114 b. 112*2 Ja n . 115 Feb. 'Oregon Im pr. Co.—1st, 6 g.1910 J A I) 98 %b. 92*2 Ja n .
Mil. & Nor.—1st, co n ., 6 s .lo i;- 4
46 Ja n .
60
Mar*
139*4b. ;138 Ja n . 141 Mar. I Consol., 5 g ........................1939 A A O 59
Chic. & N. W.—Consol., 78.1915
125 Mar. O re.R .A N av.C o.—1st, 6 g. 1909 J A J 108*2 104*2 Ja n . 108% M ar.
123*2 121*2 Ja n .
Coupon, gold, 7 s ............... 1902
73
M ar.
Consol., 5 g.........................1925 J A D 72 b. 60 Ja n .
120 b. 116 Ja n . 119 Mar.
Sinking fu n d , 6 s................1929
) Ill
:i0 7 78 Ja n . 112 Mar. P ennsylvania 4s, g ............ 1943 M A N
Sinking fu n d , 5s................1929
Mar.
110*2b. ,106*4 Ja n . 112 Mar. P enn. Co.—4*2 g., coupon..1921 J A J 110 b. 106 Ja n . 110
Sinking fu n d deben., 5s..1933
80 Ja n .
106*4b. 104 Ja n . 108 Jan . Peo. Dec. A E v a n sv .—6 g . .1920 J A J 77 b. 74 Ja n .
2 5 -year d eb en tu re, 5 s
1909
77 b. 74 Mar. 77
M ar.
i 98 b. 97 Ja n .
99 Mar. i E vansville Div., 6 g........ 1920 M A S
E x te n sio n , 4 s .................... 1926
25 Ja n .
'2d m o rtg a g e, 5 g ...............1926 M A N 24 b. 19 J a n .
Chic. Peo. A St, L ouis—5 g.. 192*
78 M ar.
67*2 J a n .
76*2
Chic, R .I.& P ac.—6 s,c o u p . 1917 4 A
126 b. 123 Ja n . 127 Feb. Pliila. A Read.—Gen., 4 g ..l9 5 8 J A J
31 Ja n .
39*8 M ar.
37*4
1 st pref. incom e, 5 g....... 1958
102
102*2 Mar.
97*4 Ja n .
E x te n sio n an d col., 5 s ...1934 J A
2 7 ^ M ar.
19*2 J a n .
2 i1 pref. incom e, 5 g ........ 1958
25 *s
3 0 -y ear d eb en tu re, 5 s ... 1921 M A 6 94 . 92 Mar. 95 Feb.
217g Mar.
12434 119*2 Ja n . 125 Mar.
19%
16*2 Ja n .
3d pref. incom e, 5 g ........ 1958
Chic. St, P. M. & O.—6 s . . . . 1930 J A
8034 M ar. 85
Feb.
A J
’estern —4 g. 1917
83*2
70 b. 70 M ar. 84 Jan . P ittsb u rg A W
C leveland A C an to n —5 s... 1917 J A
A J 114 b. 106*2 Ja n . 115 M ar.
Rich. A D anv.—Con., 6 g ..l9 1 5
) 130 b.
C. C. C. A I.—Consol., 7 g .1 9 1 4 4 A
f 65 J an. t7 1 Feb.
119 b. 117 Ja n . 120 Mar. I Consol., 5 g .. . ...................1936 A A O 70
G eneral consol., 6 g ........1934 J &
75 b. 72 Ja n . 73 Mar. Rich. AW. P. Ter. -T rust, 6 g. 1897 F A A 51*4 140 J an. 151v Mar.
C. C. C. A St. L.—Peo. AE. ,4 s. 1940
19*23, 15 Ja n .
18 Mar. i Con. 1 st A col. tru st, 5 g .. 1914 M A S 23% 118 Ja n . 124*4 Mar*.
Incom e, 4 s..........................1990
68*2
67*2 Feb. 70 Ja n .
98 b. 95 Ja n .
97 Jan. iRio G. W estern—1st, 4 g ..l9 3 9 J A J
Col. Coal A Iro n —6 g .........1900 F A .
62 Mar. 673s Maiv
86 Mar. 91 Feb. St, Jo. A Gr. Isla n d —6 g ..l9 2 5 M A N 60%
C ol.H .Y al.A Tol.—Con.,5 g. 1931 M A 3 86*4
M A N m * 8b. 101 Ja n . 110*2 Feb.
89 b. 87 Ja n . 92*2 Feb. ,St. L. A San F r .—6 g., Cl. B . 1906
G eneral, 6 g ....................... 1904 j a :
i 6 g., Class C...................... 1906 M A N l l l * 3b. 101 Ja n . 110*2 Mar.
*114 b.
D en v er A Rio G.—1st, 7 g.1900
9534 M ar.
82 Ja n .
78
1 st consol., 4 g ................. 1936 J A
73 Feb. 78 Mar. ! G eneral m ortgage, 6 g .. 1931 J A J 95*2
603a Mar..
55% Ja n .
St. L. So. W est.—1st, 4s, g . 1989 M A N 60%
D et. B. C ity A A lpena —6 g . 1913 4 A
58 ft.
20 Ja n .
18 1 16% Ja n .
).
2d, 4s, g., incom e............. 1989 J A J
26 Feb.
D et.M ac.A M .—L d .g ra n ts. 1911 A A < 23 b. 23 Ja n .
D ul. So. Sh. A A tl—5 g . . . .1937 4 A
98 b. 93 Feb. 100 Mar. St.P.M .A M .—D a k .E x .,6 g .l9 1 0 M A N a 19 b. 115*2 Ja n . 120 M ar.
1 st consol., 6 g ................... 1933 J A J 120 b. 115 Ja n . 122 Mar.
99
E . T enn.V .A G a.—Con.,5 g.1 9 5 6 M A I
86*2 Ja n .
99 Mar.
“
red u ced to 4*2 g _ J A J 100 *8b, 97*2 Ja n . 100*2 M ar.
_
104 b. 96 Ja n . 105 Mar.
K n o x v ille A Ohio, 6 g . . . 1925 J A
2
87 M ar.
M ontana E x ten sio n , 4 g. 1937 J A D 8 6 * b. 84 Ja n .
66 Ja n .
79% Mar.
78*2
50*2 Ja n .
57*4 M ar.
92
57
90*4 Ja n . 92 Mar. San A nt. A A.P.—1st,4 g.,gu.,’43 J A J
83
85 Mar. Sec’ty Corp.(N.Cord.) ls tc o n . 6 s. M A N
68 Ja n .
*108 a. 105 Feb. 110 Feb.
63*2b. 60 Jan .
H ous. A T . C en t.,g e n .4 s,g .l9 2 1 A A
66 Mar. So.Car.—1 st ,6 g., ex c o u p .1920
94% Ja n .
92%b. 91 Feb.
10134b. 100 Feb. 101 Feb. So. Pacific, A riz .—6 g .. 1909-10 J A J
Illinois C en tral—4 g ...........1952 A A
I l l %b. 110 Ja n . 111% Mar. So. Pacific, Cal.—6 g....l9t»5-12 A A O 110 b. 107%i Feb. 108% Mar..
In t, A Gt, N or.—1st, 6 g .. .1919 M A
91*2 M ar.
1st, consol., gold, 5 g
1938 A A O 90 b. 88 Ja n .
62 b. 61 Mar. 67 Feb.
2d 4-5s............................... 1909 M A
98 Ja n .
93 b. 95*4 Ja n .
Io w a C e n tral—1st, 5 g .......1938 4 A
93
86 Ja n .
93 Mar. So. Pacific, N. M .—6 g ........1911 J A J
83 F eb.
85 b. 75 Ja u .
K in g s Co. E lev.—1st, 5 g .. 1925 4 A
80*ib. 79 Ja n .
81 Mar. Tenn.C. I. A R y.—Ten. D ., 1 st, 6 g A A O
B irm ingham D iv., 6 g ....l9 1 7 J A J
85 b. 77 Ja n .
86 Feb.
L aclede Gas—1st, 5 g ......... 1919 Q—F
86
81 Jan .
86 Mar.
7234 Ja n .
84*4 Mar..
L ake E rie A W est.—5 g ___1937 4 A J 11334b. 110*2 Ja n . 114*2 Mar. T exas A Pacific—1st, 5 g ..2 0 0 0 J A D 84
243i
25 M ar
2d, incom e, 5 g................. 2000 March
L. Shore—Con. cp., 1st, 7s.. 1900 4 A J 120 b. 118 Ja n . 13 9*2 Mar.
17*2 Ja n .
Consol, coup., 2 d, 7 s.......1903 4 A E 125 ft. 122 Ja n . 125 Mar. Tol. A nn A t. A N. M .—6 g .1 9 2 4 M A N 66 b. 55 M ar. 55 Mar..
L ong Islan d —1 st con., 5 g. 1931 Q—J 11553b. 113 J an. 1157a Mar. Toledo A Ohio Cent.—5 g ..l9 3 5 J A J 106 b. 104 Ja n . 107*4 M a r.
78*8 Ja n .
84*2 M ar.
G eneral m ortgage, 4 g. 1.1938 4 A L
95*2
93% Feb. 96 Jan . Toledo Peo. A W est.—4 g . . l 9 1 7 J A J
83%
Louis. A N ash.—C o n s., 7s.. 1-98 A A C 113*2 110 Ja n . 113*2 Mar. Tol. St. L. A K an. C.—6 g ..l9 1 6 J A D 61%
58*2 Ja n . 163 M ar.
N. O. A Mobile, 1st, 6 g .,1 9 3 0 4 A J 115 b. 112*2 Ja n . 115*2 Mar. Union Pacific —6 g .............. 1899 J A J 10S*4b. 105 Ja n . 108*4 Mar..
E x t. sinking fund, 8 s ___1899 M A S 100*8
“
“
2d, 6 g .. 1930 4 A J 100 a, 97 Ja n .
95*2 Ja n . 103 Feb.
97 Jan.
49 Ja n .
G eneral, 6 g . . . . .................1930 4 A D 114 b. 109*2 Ja n . 116 Mar.
45 Feb.
C ollateral tr u s t, 4*2.........1918 M A N
92 M ar.
Unified, 4 g .........................1940 4 A
Gold 6 s, col. tr u s t n o tes. 1894 F A A 90 b. 82 Ja n .
75*2b. 72*4 Ja n . 76 % Mar.
N a 8h .F l.A S h .-lst, g td .,5 g .’37 F A
K an. P ac.-D en. D iv., 6 g.1899 M A N 10734b. 101 Ja n . 107*2 Feb.
85 b. 76 Feb. 90 Feb.
K en tu ck y C en tral —4 g . . 1987 4 A
84 b. 82 Ja n .
82 Ja n .
95*2 M ar.
1 st consol., 6 g ............... 1919 M A N 95*2
8434 Mar.
Louis. N. A. A Ch.—1st, 6 s. 1910 4 A i 112 b. 108 Ja n . 113*2 Mar.
75 Ja n .
9 2 78 M ar.
O regon S hort L ine —6 g.,1922 F A A 90
56 Feb.
Consol., 6 g ........................ 1916
99
54
Ja n .
Or.S.L.AUt’liN.—Con.og. 1919 A A O
93 Ja n . 99 Mar.
48
4 7 3 M ar
4
Louis. St. L. A T ex as —6 g. 1917
. ___
U .P .D en .A G u lf,co n .,5 g .l9 3 9 J A D 46%
42 Ja n .
55 b. 55*8 Ja n .
57 Ja n .
70 Ja n .
1 119
88*2 M ar.
116 Ja n . 119*4 Mar. V irginia Mid.—Gen. M., 5s. 1936 M A N
88
M ar.
------ Mar.
“
“
stam p ed g u a r .. M A N 86 b. 72 Ja n .
89 M ar.
109*4 107 Ja n . 109% '■
102 Ja n . 106*4 M ar.
Mich. Cent.—1st, cons., 7s. 1902 M A N 122 * b. 122 Feb. 124** M ar. W abash—1st, 5 g................. 1939 M A N 106
2
Consol., 5s ....................... 1902 M A N
...........1 106 M ar. 106 M ar.
76*2 Ja n .
70 Feb.
2d m ortgage, 5 g ..............1939 F A A
75*3
Mil. L ake Sh. AW .—1st, 6 g .l9 2 1 ,M A N 12 8*2 124 Ja n . 128*2 Mar.
27 M ar.
D ebent. M., series B ....... 1939 J A J
21 Mar.
27
E x te n . A Im p ., 5 g.......... 1929 F A A 108
105 % Feb. 3 08 Mar. W est. N. Y. A P a,—1st, 5 g.1937 J A J 100*2
98*4 Ja n . 100*2 M ar.
Mo. K. A E.—1 st 5s, g., gu. 19421A A O 83*4
22 Ja n .
2d m 'ltg a g e ..................... 1927 A A O 20*4b. 18*2 Feb.
80 Ja n .
83*4 Mar.
M. K. A T ex as—1st, 4s, g_. 1990 J A D
73 Ja n .
82%
82*2 Mar. West. Un. Tel.—Col. tr., 5s. 1938 J A J 104*ab. 103 Ja n . 106 M ar.
2d, 4 s ,g ............ ................1990|F A A
76% M ar.
41 Feb. 47*2 Ja n . Wise. Cent. Co.—1st, 5 g .,.1 9 3 7 J A J
46
73*2b. 64 Feb.
Mo. P ac.—lRt, con., 6 g
1920|M A N 100*4b. 87 Ja n . 100 Mar.
19 a. 13*2 Feb. 18 Feb.
Incom e, 5 g ........................ 1937
N o te —“ b ” in d icates p rice M d ; “ a ” p rice a sk e d ; th e R ange is m ade up from ac tu a l sales only. * L a te s t p rice th is week, t T ru s t receipts.
NEW YORK STOCK EXCHANGE PRICES—(Continued).—IXAOITP-E
SECURITIES.
Bid. Ask.
R ailro ad Bonds.
(Stock Exchange Price*.)
A lab am a Mid.—1 st, g., g n ar.,1928 85
A. T. & S. F .—2d, 4s, Class B . 1989
Col. Mid. 1st, g., 6 s.............. 1936
A tlan tic & D anv.—1 st g., 6 s ..1917
A tl. St P ac.—2d Vi. D., gu. 6 s,.1907
B a lt. & Ohio—1 st, 6s, P a rk B . 1919 *118
•s.sro ld ....... .............................1925 113
90
95
SECURITIES.
Bid. Ask.
BONDS— M A R C H
SECU RITIES.
30.
Bid.
Ask.
R.& P.—Roch. S P „ 1 st, 6 121
s .1921
B. & 0 .—Oons. m ort., g o ld ,5s.l988 115 ......... B .
117
Roch. & P itts.—Cons. 1st,68.1922 ►
W. Va. & P itts .—1 st, g., 5 s ..1990
Burl Ced. Rap. & No.—1st, 5 s.1906 105*9 105*a
B. & O. 8. Vi.y 1st. g., 4 *518...1 9 9 0
Consol. & collat. tr u s t, 5 s ...1 9 3 4 97*4
Monon. R iver, 1 st g.,g. 5 s ...1 9 1 9
M inn. < t 8 t. L.—1st, 7s, g u ..l9 2 7 '115
S
Oent’lO hio Reor.—1st, 4 *
23.1930 103*2 103*2
Iow a O. & W est.—1st, 7 s . . . .1909 ■100 io T *
Ak.& Ch. Ju n o .—1st, g, 5s,gu. 1930
Ced. R ap. I . F . & N., 1 st, 68.1920 100
Bost. H. Tun. & W.—Deb. 5 s. 1913
93
1 st, 5 s . . „ , ...........................1921
80
Brooklyn E levated—2d, 5 s ...1915
C. Ohio—Col. d-.Cin.M .lst,4*28.1939
B runsw ick & W’n —1 st, g. 4s, 1938
80
Bufl. R » h .& P itts.—Gen., 58.1937 " 97 " io o ” Cent. RR. <S,-.F.ank.—Col. g.5s,1937
Ho pries Friday; these are the latest Quotations made this week.
THE CHKONICLE.
March 31, 1894:.]
545
N E W Y O K E S T O C K E X C H A N G E P B I C E S .— I N A C T I V E B O N D S — C C o n tin u e d } — M A R C H 3 0 .
SECURITIES,
Bid.
Ask.
SEC U R ITIE S.
Bid.
Ask.
SEC U R ITIE S.
.. E.A T.H .—8ul.Co B r.lst,g .,5 s.l9 3 0
N orth ern i'aeitlc -f*Continued.)
Cent, o t if. J . —Conv. deb., 6 a .l9 0 8
60
.. i Ev.A Rich.—lstg e n .5 s,g .g u .l9 3 1 *50
C entral Pacific—Gold bda, 6a, 1895 '103
H elena& R edM ’n—1 st,? ., 6 s. 1937
D uluth& M anitoba—lst,g .6 s !9 3 6
Evans. « In d ia n .—1st, cons. .1926
S old bonds, 6 s . . . _____
1896 104
D al.A M an D a k .D i v .- l s t 63.1937
S old bonds, 6 s....................... 1897 1 0 5 % ....... F lint A P . M arq.—M ort., 63— 1920 (115 116%
S 1«t OAri gold,' 5 s.................... 1939 •90 100
i 1 st con.
Xc
7 000
Cceur d’A lene—l e t , 6s, gold. 1916
Ban Jo aq u in B r., 6 s— ........1900 *IQ?
96
Gen. ls t .g ., 6 s .................... 1938
P o rt H u ro n —1st, 03 ............1939
M on. gold 5 s...........................1939
101
Pia. Cod & P en .—1 st g. 03_ 1918 105
_
Cent. W ashington—ls t.g .,6 s .l9 3 s
L and g ran t, 5s, g ....................1900
94
1 si eon. g., 5 s .........1............. 1943
N orfolk A S onth’n—1 st, 5 s ,g .l9 4 l
Cal. A O. Div., ex t., g. 5 s ... 1918
60
N orfolk A West.—G en eral, 6 s .1931
West. Pa>elfle—B o m b , 6s----1899
F t W orth * Ft. G.—1 st g., 5 a..l9 2 8
fc
Gal. H ar. & S an A nt.—l~st, 63.2910 96 100
New R iver, 1st, 6s ................ 1932
No. B ailw ay (CaL)—l a t, 6 s.l9 0 7
91H
Im p. A E x t., 6s....................... 1934
G al.H. &8. A.—2d m ort., 7 s.. 1905
50-year 5 s . . ____ . . . . . . . _.1938
Ga. Car. & Xor.—1st, gu. 53, g.1929
A d ju stm en t M., 7 s............... 1924
Obea. A O.—P a r. M. fo n d , 6 s. 1898 108^ 109
E quipm ent, 5s.........................1908
6s, gold, series A .................. 1908 118 121 ;,Ga. 80. dsP la.—1st, g. 6 a.........1927
fe6
C linch V al. 1st 5s.................. 1957
G rand K ap. A In d .—Gen. 5 s .. 1924
C raig T alley—1st, g„ 5 s--- 1940
G. B. W. «fcSt. P.—2d inc. tr* roots. 21 % 24
EoanokeASo.—1st, gu. 5s, g.1922
W arm Spr. val., 1st, g. 5 s ..1941
100
, 1HonsatonJc—Cons, gold 5s
1937 117 113
Scioto Val. A N. E .—1 st,4 s,.1990
Obes. O. ASo.WesL—1st 6s, g.1911
35
47
Ohio A Miss—2d eonsoi. 7 a .. .1911
X .H aven A D erby, Cons.58..191$ 113
2d, 6 s................................... ..1911
Sprin g JTi v.—1 st 7s................1905
Oh. V .-G en .o o n .lst.g n .g ,5 s.l9 3 s
Hons. & T. C.—Waco & X .7 s ..1903 105
107
1st g., 5s (int. gtd>............... 193
G eneral 5s................................1932
Chicago A A lton—S. F., 6 s. ...1 9 0 3 115
Cons. e. 63 (iot. e td ).............l y l 2 103 105
Ohio R iv e r R R .—l e t, a s...........1936
Louis. A Mo. Kiver—1st, 73.1900 T 1 2 V .........
96%
Gen. g .,o s ................................ 1937
D eb en c 6s, prin. A in t. gtd.1897
2d, 7 s................................... 1900 108
Bt. L. Ja ck s. A Chie.—1st,78.1894 lU33u
! Oregon A C aliror.—1st, 5s, g.1927
D ebent. 4s, prin. A Int. gtd.1897
109% Oreg. R yA N av.—C ol.tr. g..53.1919
M1SS.B. Bridge—1st, s. L, 6s-lB12 105
Illinois C entral—1st, g., 4s . ..1951
97% P an. S ink.F 'd Subsidy—63, g. 1910
1 st. gold, 3L js.........................1951 96
Ohio. Burl. A Nor.—1st, 5 s
1926 100
Gold 4 s .....................................19&3 96% 97% Penn.-P.C .C A StL .C n.g.4% aA 1940
D ebenture 6 s .......................... 1896
Olio. B urling. A Q,—5s, s. f--1901 1 0 5 ^
Cairo Bridge— I s ....................1950
,1
Do
do
Series B .........
Iow a Div.Agink. f u n d ,5 s .. 1919
. j P .C .A S .L .-lst,o.,7s.................1900
_
Bpringf. H v .- C o u p ., 6 s _ 1898 104%
93
Sinking In n d , 4 s.................. 1919 97
M iddle D iv.—
Reg., 5s.......... 1921 107
.!: P in s. F t. W. A 0 —1st, 7 s ... 191:
Plain, 4 s...................................1921 *85% 90
.
2d, 7 s .................................... 1912
U St. L. A X . O.—Ten. 1., 73.1897 1 1 1
0 lie A In d ian a Coal—1st 5 a.1936
98%|
•1
;
3d. 7 s ......................................1912
l e t, co n so l.,7s..................... 1897 1 1 1
O il.M IL A St. P .—1st,8s,P .D . 1898 114% 114%'!
2d, 6a..................................... 1907
• I C3t.8LL.AP.—1st,eon.os,g.. ,1932
Sd, 7 3-10s, P . D ....................1898 119% 1 2 1 %
. : C ler. A P .—Cons., s. fd., 7B.1900
Gold, 5s, c o u p o n .................1951 115M
1st, 7s, $ * ., K .D ....................1902 126 128%
Gen. 4%s, g., “ A" ..............1942
Memp. Div.. 1st e. 4 s ....... 1951 *96%
121
le t, L A SI., 7 s....................... 1897
D ub. A S. U —2d D iv., 7s . ..1894 100
.
8 t. L.V. A T .H .—1 st, 6A, 76.1897
1st, L A D., 7 s....................... 1899 119
.
2d, 7 s ......................................1898
i Cod. F alla A M inn.- 1 st, 7s.. 1907 85%
l e t ,C. A M ., 7 s....................... 1903 126 128
2d. guar., 7 s ......................... 1898
In d . D. A S pr —1st 7s. ex. cp.1906
le t, I. A D, E xten sio n , 7 s . . .1908 130%
122%
G d-R .A l.E xL —1st, 4%?,G.g. 1941
Ind,D.AW .—l e t 5s, g .,tr.re o ..l9 4 7
le t. L a C. A D av., 5 s ............. 1919 102 %
....... Peo.A E .-l!ul.B .A \V .-l 3t,p f. 76 . 1'.)00
2d, 5s, gold, tru st recei p ts . . 1948
1st, H . A D .,7 s ......................1910 125 127
Inc. JL bonds, tr u s t receipts . . . .
....... .. Ohio tn d .A W .-ls tp re f.5 s ..1 9 3 8
le t, H. A D .,5 « ......................1910 102
80 iP eoria A P ck . U nion—1st, 6 a .1921
Ind. Hie. A Iowa.—1st, g, 4 s..1939
Chicago A Pacific D ig., 6 s ..1910 116 n o
2d m ortg., 4%<........................1921
Ini.A G .S ’n —lsL 6 s.g ................ 1919 1 1 1 % ---M ineral P oint D iv .5 *...........1910 104% 106 |; Kings C o.-F.E!.,lst.a.g.,gu_ A 1929 82
85 :P itts. Clev’e. A Tol.—1st, 6 s .. .1922
0. A L. 8np. Div., 5 s..............1921 104 ....... Lake E rie A W est.—2d g.. 5 s. 1941 101 % 102 .P itta. A L. E r .- 2 d g. 5s, " A " . 1 928
Fargo A South., 6s, A ssn ...1921 113 ......... L. 6. A M.Sou.—B .A E .—New 7 e.’98
116
P itta. Mo. K. A Y.—1st 6s ___ 1932
Ino. tsonv. sink, fund, 5 s . . . . 1916
I D et. M. A T .—1 s t , 7s....... ..... 1906 125
Pitt*. P ainsv. A F.—1 st, 5 s . . .1916
D ako ta A O h S outh,, 5 s___1916 104% 105
L ake Shore—Div. bonde,7e. 1S99 116 117* P itts. Shorn A L .E .—lst.g ,,5 s. 1940
MIL A Nor. m ain line—6 s ... 1910 114 115
K»L AIL A G. R.—le t gu. 58.1938, 109 ....... * Pitt*. A We*L—M. 5s, g.1891-1941
Ohle.AN.1V.— y e a r deb. 5s, 1921 106%
30
1 M ahon'g Coal R R .—le t. Ss.1934 1 1 0 % 1 1 1
P itts.Y 'gst'nA A .—1st, 5s,con.1927
E scanaba 4 L 8 , l e t , 6 s ___1901 106
LehighV.,N.Y.—l e t gU-gnlGs-lOdoi 99%: 100% Pre*. A A m . C ent.—1 st, 6 s, g. 19 1 6
Dee M. A M inn.—1st, 7 s___1907 120
2d incom e 6 *........................... 1916
: Lehigh V.Term .—1st gu. 5e,g.l941 [ 109 j___
losra M idland—l e t, » * ..___ 1900 120
Rich. A D aitv.—D eb en tu re 63 . 192 '
\ isibU'h V 'y Coal — st5s,gU .g.l933 103 . . . .
i
P eninsula—1st. eonv., 7 * ... ISOs
E quip. M. e. f., g., 5 s ............. 1909
i.!U'hf. Car.A W est.—l e t o«.g. 1916 .........1 95
Calc. A M ilwaukee—1st, 78.1998 ii"i% 112 i Long Isla n d —1st, 7 e ................ 1898 113% 114
AtL A Char.—l e t, p r e L ,7 s ..1897
Win. A 8L P .—24, 7*..............1907 123
do.
Incom e, 6 s___ 1900
| H. Y. A R 'w av B.—l e t , g. 9a.l997! .........jlOO
MU. A Mad.—1st, 6«______ 1905 111
2d m o rtg ., la b ......................1927
......... i: W ash. O. AW.—1st,4*,gu.o.v., 1924
Ott. C. F . A Bt. P .—1st, 5 s,. 1909 108
N. L il i a n .B e a c h .—le t, 7s,*1897 99 .........i ;Rio Ur. Ju n o .—1st, gu., g „ 5 s.1938
n o rth e rn UL—le t, 5e.......... 1310 116
95 ......... Rio G rande Ho.—1st, 2., 5s .1940
N, Y.B.AM. B.—le t con. 5s,g.l935
Ch. Peo. A St.L.—Con.
5* ,193a
. . . . . . | 8 L Jo s. A G r. I*.—2d in c ......... 1925
i Bruoki’aA M ontauk—lat,68.1911
O.B. L A P.- !>..!!.A F, D. 1 st Is. 1905
......... :: K an. 0 . A O m aba—1st, 5*..1927
l e t . 5 e ................................... 1911
le t, 2%*.................................1905
50 iiLohM.Evane.ASL L.—Conjj*. 1939: 42% .........'B t. L. A. A T .H —2d p ret. 7 s .. 1894
E xtension, 4 s .............. ...... 1905
2d m. inc. 7».............................1894
i L ottie.A N aah,—CeciL Br. 7S.A907 108% 110
* •> * « * A Dee M-—le t, 5s .1923 95
D ividend b o nds......................1894
| E . It, A N ash.—1 st 0*. g ...,1 9 l 9 113 I .......
Chic. A S t.I. (A tch.)—le t. 6 s ..1918
P eutaim la Division, Os.........1920 109%| ......... i Believ. A 80. UL—le t. 8s . . . i S 9 b
Onic. B L P .A M inn,—1 s t,6 « ... 1918
130 ii 8L Louie Division, 1st, 6*...1921
B ellev. A Car.—la t, 6 s..........1923
St. P aul A S. C . - l e t . Os....... 1919 126% U7%
C bi.S t-E A P ad.—Ist,g d .g ,5 sl9 1 7
2d, 3s..................................... 1980
Chic. A V . I rid.—1st, e. f., 6e,1911»
SL ImuD So.—le t, gd. g. ls.1 9 3 1
K ashv. A D ecatu r—le t, 7 s .. 1900 113 115
General m ortgage, 6*____ 1932 iY f% 120
do
2d in c o m e ,5 a .1931
___
8.
8. & N. Ala..............1910 103
O n Ham. A D.—
Cion. e. 1., 7*.1V05 l l 9 * v .........
10-40. gold, 6 s....................... 1924 101
Car. A S h aw t.—1st g. A*___193*2
2d, gold. 4 Me........................... 1037 ....................
SL L. A 8 . F .—2d 6 *,g., ci. A . 1300
SO-year Se, g .. ........................ 1337
97 i
Cln. D. A ! r 'n —le t, gu. 5 a , g. 1941 *89*1; 98H
E q u ip .,7 s ................................ 1895
P ens. A A L - 1*L 0«, g o ld ...1921
94
90
O ev , Ak. A CoL—Kq. A 2d 6s. 1930 — ~ l .........| CoUaL tr a c t. 5e, g ..................1931 97%
G en eraiS * ................................ 1931
OC.C. A S t-L ,, C airo d i r . — 1839
4e,
,. Lou.N.Alb.ACb.—
<ien.m.g.5*. 1940 67
l e t , tru st, gold, 5e.................. 1987
09” :
8k Loo. Div.—Utc«t.t*'t4»,g. 1990 * » r
. M anhattan Ry.—Cons. 4s....... 1090
90%! 97%; Consol, guar., 4*.................... 1990
0prhtg.ACOLDlr.—lx tjr. 4s, 1940
. ; M anito.s. W.CoUmlza' u—5» .g. 1031
Kan Cl ! 7 A 8.-1*% 8% E ...1 9 1 6
White W.Val-Div.—let.g .4 * . 19 40 *90*
Ft. *. .7 V. IS. H l* - l - r ,
..
;o
. M em phis A Chari.—6*, g o ld .. 1924{ *58
C t m W a b . A M . D I 4-. 1991 91
K ansas M idland—le t, 4s, g.1937
le t con. le a n Hen, 7«_____ 1915 100
Ctn- W t L. A C.—le t,* .,4*. 1930 *91
. M exican Cent. Consol.—Is, g. 1i>11
SL P aul A D uluth—l e t ,5 s — 1931
C o n so l, 6 a . . . . . . . . . . ........... 1920
I 1st, cone. Income 3s, g____ 1939
2d mo rtg ag e 5 a .....................1917
8 » 8 m ,ACL—C ob. B i g . M , l9 2 e 403*
St. Pan! Mlim A M.—le t, 7* .. 1909
. M» x. In te rn a tio n a l—IsL ia,g. 1b42
OLCoL Clm A In d .—l e t, Ta.e.Y. 1 899 110 (116^ M exican N atlo n ai—S»t,g.,o». 1927
2d m ort., 0*...............................1909
Consul. *mk. la n d , 7*........... 18141
M m neap. U nion—le t, 0 s ___1922
2 d ,incom e, 6s, " A " .............1 9 1 7
JSeve. A Mhh. V.—G eld, 5*. ..19381 109%).
2 d, Incom e, 6 s ." B " ........1 9 1 7 1
............ M011L (Mm—le t, guar., 0 s .. 1937
Oolambia A G reen.—le t .i i e ... t o i ,, ___—........... M ichigan C entral—6e............... 1909
....... I 1st guar. g. 5*........................... 1937
2d, 6e......... ............................. 192i,i .........
'1 1 5
I Ku*l M inn., 1 st div. l a t 5 s .1908
| C o upon,5*.............................. 1931
Del. Lack. A W,—Hurt. 7 a ,...18071 130*».........; M ortgage I s .............................1940 *99 j......... -San F ra n . A N. P .—1st, g., 5 a 19 19
• r t a . Bing. A N. Y, —le t, 7*.1800l 429 ......... |! BaLCtAiStrgls.—1st,3s,g.gu. 1998
....... South C arolina—2 d, 0*............1931
Morris A E aeex—l i L 7 s . . . . 1914! 140*»l......... Mu. L, 8.AW.—v'onv. deb., 59.1907
108 h Incom e, be....... ..................1 9 3 1
......................... . . i u o o ! 114%H o '*
Ml- b. Div.. 1st, Os.................. 1924
123% 8o. r u e . C oast—le t, g u a r..4 » .1937
n o t 1 8 ( 1 ........................... 190 i t 120 ;.......... ; A shland Division—le t, 6a ..1925;
rex.RIL A»’n of B L U -le t, 4 %*. 1939
l e t, con., g u ar., 7e..............1915' laOM i40*t
T ex as A New O rloans—le t,7*.1905
Incom es.—
Dtx. dc H ad. Cab.—OdutMjo 7*,l#94 105 : . . . . . Minn.A HL I— le t, g. 7e........ 1927
Sabine Division, 1st, 0»........ 1912
7 * . . . . . ....... iy i7 ! 1S6 . . . . . .
Cua*".. 5a. g .............................1943
Iow a E xtension, i s t ,7 e .....l 9 0 8
AlDilljy <e
S
ilHj*, 129 130 H 24 tnortg., 7e.................. .....1 8 9 1
T hird A venue (N. Y>.—l a t 5s, 1937
corjB..
ivo«i 119%
„ 'l S outhw est E xL —1st, 7s----- 1910:
ToL A. A A Cad.—
0*.................1917
Bene. & Bar.—le t,c o u p ., 7«. i p ; 1 < 143
Toledo A. A, A G ’d T r .- g . 68.1921
FacUSo E x l —le t, 6 s ............ 19211
D sn v erC ity Cable—le t,
i>*ue;
Tol. A A. A M l PL—6 a .......... 1919
,.ij Itu p r. A equipm ent, 6a.........1922
D ear, T ram w ay—( one. 6s, g. lu io l
ToL A. A. A N. M.—5s, g ........ 1910
.. M inn, A P a c .—1st m ortg., 5 s .1936
Metro pul. Ky.—l*Lgm *.6s.l911i
T.AO.C.—K an.A M ., MorL 44.1990
.. MinnJSLP.AAS. M—letc.g .4 e.I9 3 8
m b t . A R. O.—Im p., g .,8 e ...lg 2 6 i
Uiator A Dei.—1st, com ,6.,5*. 1928
.. Mo.K.AT,—K.i.. c l'., I? t.4 e ,g .l9 9 0 '
D m ath A Iron B an*.— le t 5 ,. 19371 92
Union Pacillc—le t, 6*...............1590
..ii D al. A Waeo—le t,5 s ,g u ..,.I 9 4 0 l
Ten
i. Jt Ga.—1 st, 7 a ... 19001 111 . . . . . . Ms-sourl i'.ii'i’lc.—T ru st 5 s ., . 1917'
1st, 0*........................................1897
JDinsl<
1
.....................1930 105 ....... : l « t c o i L ,5 e ,g ........................192t|l
1*1, 08................. , ..................1898
1st exi roid, M ......... .
1987j 38
C ollateral T rust. 6*...............1908
St L.A1. M ••Artt.Br.,l9t«7e.l3'J3;
£ q. A 1
C ollateral T ru st, 5*............... 1907
Mobile A Ohio—1st e x t.. tie...1927;
........ .........1938
ICobUe___ u m .—i s t ,
H„
. 1937
»L L. A C airo—Is. g u a r....... 1931!
K ansas Pacltto—1 st Gs, g . ..1895
A labam a Ce
I « t 0 f l ...i 9 l 8 102*
M organ'* \ . A T .—1st, 6»--- 1U2p
m
1st, Ofl, g ................................ 1896
•H e —1 st,
7 * .......1 8 9 ? 1 1 0 %!. _____ le t, 7e........................................ 1918!
C. B r. U. F .—P . 0.. 7 b ...........1893
.
W Lex te 1
B
^ ...............
ly it;
A tch. C o t A P f . —1st, 6 s ... 1905
112 1......... Xaeh.CUaL A 31. L .-2 U , 6 e ..19011
94, e x t e i Ml, 4% ^ -------1923
! l !0
Atoh. J . Co. A W.—le t, 6 s ...1905
N. O. A, No. E. -IT . 1., g., 6e.. 1915!
108
4th, ext**
U. P. L in. A CoL—l s t .g .,5*. 1918
• .*1920
N, Y. C entral.—Deb. g. 4s---- 1905j 1 0 0 %
5%b, b xu
Ki, 4 s . . . . . . . ...1 9 2 8 1 1 2 % : ............ ; S . J . Ju n e —G uar. 1st, l* ...1 9 » i, US
Oreg.3 .1,.A U Jf.,co L trsL ,5 a.l9 1 9
101
10 1%
1 st, con.
7s . . . . ...1 9 2 0 130 1135
Beech CTvok—1st. gold, 4 » .. 1936 * 1 0 2 % 103 % U ta h A N orth.—1st, 7s.........1908
l i o n . . 1 . , . _m
. . . 1908
Oew. A R om e— a*. g.,gm 1915: 107 109
2d,
Gold, 5a.................................1920
110
..1 9 1 6 128
U tica A BL R iv.—1*. g., gu. 19*22 102 .........5 U ta h S outhern—Gem, 7 e ...1909
A
tr ., 6 # .l 022
S . Y. N. H . A H .—1st, rev. *U.1903j 101 .........I
E xtern, la t , 7 a ......................1909
....... I9 6 0
N. Y. A N orthern—1st. g 5*. 1927 *115 ......... Valley B y Co. of O,—Con. 69.1921
Bnff. A 8 . W .-M o rtg . 64 . . . . 1908 78% 79
.........! W abash—D ebenture, Swr. A ..1939
2d, 4 e ..... ..................
1927
Jeff,*m. x. 5s ....1 9 0 9
i o o ' N. Y. Bustp A W est.- 2 d , 4**s. 1937 ♦8*9” 9 1 % i D et. A Chic, E x t. 1st, 5a, £ ..1 0 4 0
One; A KK.—,j«.................... j,,.,.,
Gen. m o rt.,5 s , g .......... .
1940
94% :I No. M issouri—1st, 7*___...1 8 9 5
.
N. Y. T ex. A M ex.-~lat,4e,gu.l912
.........1 S1.L.K.C.AN.—KJS.ARK.7a.1893
!
E u r p g . w in
6 ‘' ' c t u V D lS>13
N orth'n PacUic—D ivid'd scrip e x t,
......... I
Bt.CiiarleaBr'ge—1st, U*... 1908
T
f t- * - *5- - u r a s
A T . B . —la t^ e o n s .,6 a . .1 9 2 1
Ja m e s R iver V a l .- l a t , « s ...l9 3 6
......... W est. V». C. A P itts.—1st, 68.1911
.1 1 5
if** gent*raj, g ,. 5 a _____ . . , . 1 t a i 2 !
Spokane A P al.—1st, 6 s .....1 9 3 6 77% ......... W heel.A B E.—1st. 5B, g o ld ...1926
94o
95
M l Vernon l e t
H B . . . , . 1 8 2 3 1 *63 l.........S t.P atti A N. F .—P en ., Gs.,1923
115% 116% 1 E xtension A Im p, g.. 5s....... 1930
•N o p rie s t iAid**/ J
i are too la te s t quotation* m ade this week,
Bid.
Ask
75
75
1 0 2 % 103
114
106
85
110 %
101
85
49
50
i*0*3* 104
126
I2T
136
128
118
105
108
109
103%
102
112
114
112
63
80%
*85
05
95
101 % 102
103
11 0
ioo"
81
75
111%
85%
82%
'8 0
' 56s
112
101
109%
07
111
120%
1 10 %
110
100
113
103
104%
25
4
102
112
90
114
114%
01
01
70
60
76% 76%
100 100 %
104% .
106
107%,
90
70
102'9
103%
47
40
47
45
51
45
85
02
93 100 %
105
104 i*di%
107%
*92%
F o r .U U e e lla n e o a e A C o lla te d B a a d e —
See 3d p age .p reced in g ,
THE CHRONICLE.
546
v o i* L y n x .
Latest Earnings Reported.
R oad s.
In u cstm cn t
WeekorM o 1893-94.
AN D
R a ilr o a d
J u td lig m c e .
The I n v e s t o r s ’ S u p p l e m e n t , a pam ph let o f 160 p a ges, con tains extended tables o f the Stocks and B on d s o f R ailroads ,
and other C om panies , with rem arks and statistics concerning
the in com e , financial sta tu s , etc,, o f each C om pan y. I t is
published on the last S a tu rd a y o f every other m onth —v iz,,
J an u a ry , M arch , M a y ,
J r /t
/,
Septem ber and N ovem ber , and is
fu rn ish ed without extra charge to all regular subscribers o f
the C h r o n i c l e .
The General Quotations o f Stocks and B o n d s , occupying s ix
pages o f the C h u o n ic l e , are published on the
day
t h ir d S a tu r
o f each m onth,
RAILROAD
EARNINGS.
Latest E arnings Reported.
R oad s.
| Jan. 1 to Latest Date.
W eekorM o 1893-94. 1892-93. I 1893-94. I 1892-93.
A d irondack----- J a n u a ry ...
Ala. M id la n d ... J a n u a ry ...
AUeghony V ai. ;F eb ru ary .
A rk. M id lan d . . . J a n u a r y ...
A tch.T .A 8. F e. 3d w k Mob
8 t. L. & 8an F. 3d w k Mob
Agg. to t a l ... 3 d w k Mcli
A tla n ta A C h a r.. D ecem ber.
A u stin A N 'w est D ecem ber.
B .& O .EastLines F e b ru a ry .
W estern Lines F e b r u a r y .
T o ta l.............F eb ru ary .
B a l.A 0 .8 o u ’w .d 3d w k Mcb
B a th A H am ’nds J a n u a r y ...
Bir. A A tla n tic .. |F e b ru a ry .
Brooklyn E le v .. 3 d w k Mcli
Buff.Roch.A Pitt 3d wk Mck
Buffalo & 8 u sq . F e b ru a ry .
Bur.C.Rap. & N 2d w k Mck
Oamden & A tl.. Ja n u a ry ..
O anadianPacifie 3 d wk Mck
Car.Cum.G ACh. N ovem ber.
Oar. M idland. . . . jFebr u ary .
C en tral of N. J .. F e b ru a ry
C en tral Paolflo.. J a n u a ry ...
C en tral of 8. C .. Novem ber.
Char. Cin. AChio. F e b ru a ry
O harlest’nASav. Novem ber.
O har.8um .A N o. F e b r u a r y .
C hat’a u a L ak e.. J a n u a ry ...
O heraw .A D arl.. J a n u a ry ...
Ches.A Ohio___ 3d w k Mck
Ohes. O. A So. W. J a n u a ry ...
Ohio. B u r. & No. F e b r u a ry .
Ohio. B u r. A Q .. F e b r u a r y .
Ohio.& E ast. IU. 3d w k Mcb
Ohioago & E rie . Ja n u ary .
Ohio. G t. W est’n l3d w k Mcb
Chio.Mil. A S t.P t 3d w k Mok
Ohio.AN’th w ’n.. F eb ru ary
Ohic.Peo.&B.L... 3d w k Mcb
Ohio. R ’k I .A P .. F e b ru a ry .
Ghio.8t.P.M.AO. F e b ru a ry .
Ohio. & W. Mick. 3d w k Mok
Cin. Ga. A P o rts. F eb ru ary
Otn. Jaok& M ac. 3d w k Mck
Oin.N. O. A T . P. F e b ru a ry .
Ala. Gt. South. F e b ru a ry .
N .O rl. & N. E. F e b ru a ry .
Ala. A Vioksb. F e b ru a ry .
Vioks. 8k. A P. F eb ru ary .
E rlan g er Byst. F e b ru a ry .
Cin. N orthw ’n .. F e b r u a ry .
Cin. P o rts. & V.. F e b ru a ry .
Col. & M aysv. F e b ru a ry .
Clev. Akron ACo. 3d w k Mcli
CL Cin.Ch.&S.L. 3d w k Mck
Peo. & E a s t’n. J a n u a ry ...
Col. Newb. A L . Novem ber.
Col. H . V. A Tol. F eb ru ary .
Ool. Shaw nee AH F e b ru a ry .
Colusa A L a k e .. F e b ru a ry .
C ry sta l...............J a n u a ry ...
C u rren t R iv e r.. 3d w k Mck
D env. A Rio Gr. 3d w k Mck
Des. M.No. A W. D ecem ber.
D et.L an s’g& No. 3d w k Mck
DoluthS.S.AAtl. 3d w k Mck
D u lu th & W inn.. J a n u a ry ...
E.Tenn.V a.A Ga 3d w k Mck
E lg in .Jo l.A E ast F e b ru a ry .
E u re k a S prings. Decem ber.
E v an s & fnd'plib 3d w k Mck
E vans. A R ic k .. 3 d w k Feb.
E v an sv . & T, B . 3d w k Mck
F ito h b u rg ...........F e b ru a ry .
FH nt A P .M arq.. 3d w k Mok
Florence............. Novem ber.
Fl.C ent. A P enin F e b ru a ry .
F t. W, A Rio G r F e b ru a ry .
Gads. & A tt. U .. F eb ru ary *
G eorgia R R ....... 3d w k Mar.
Ga. Car*la & No- F e b ru a ry .
Geo.So. A F la ... F e b ru a ry .
G eorget’n & W’n Novem ber.
Gr. R ap. & fn d .. 3d w k Mck
Cin. R.& F t. W. 3d wk Mck
T rav erse C ity. 3d w k Mck
Mus. G. R. & 1. 3d w k Mcli
T o ta l all lines. 13d w k Mck
G rand T ru n k — 1 M ar. 24'
Wit
Chic. A G r. IT. jWk M ar. 17!
D fttO r.H .A M.| W kM ar.17
Gr. P.W al. A Br. Novem ber.
13,973
57.131
152,252
6,671
564,718
143,725
708,443
61.278
20,682
L
,075,510
342,219
.,417,729
120,132
1,785
1,872
35,050
44.730
15,867
75,824
39,540
315.000
3,406
5,328
764,661
859,801
7,313
13,400
51,832
15,500
2,788
8,421
167,793
172,285
120,371
5,427,892
68,927
192,832
81.024
568,446
5,182,681
19,063
.,234,787
550,958
30,801
4,184
11,340
280.000
110,000
97.000
39.000
43.000
569,000
1,298
14.279
675
16,904
226.024
112,516
8,197
170,062
39,176
1,617
592
3,311
108,200
26,236
20,530
27,376
10,189
98.131
89,980
7,175
6,183
1,352
22,238
417,737
56,605
12,573
212.025
18,129
483
25,437
65,254
69,902
2,879
38,178
7,608
806
2,228
48,820
346,831
62,421
19,982
2.196
$
I
14,057
42,488
183.836
8,160
666,562
160,079
826,641
69,033
27,435
1,336,364
510,302
1,846,666
128,842
1.821
2,716
37,685
61,891
I
13,973
57,131
307,137
6,671
6,500,067
1,572,836
8,072,903
715,725
258.869
2,304,285
654,613
2,958,898
1,367,264
1,785
3,474
14,057
42,488
373.601
8,160
7,910,518
1,833,489
9,744.007
747,127
305,417
2,711,884
974,857
3,686,741
1,544,426
1,821
5,359
571,012
634,312
779,931
752,729
75,042
37,516
39,540
37,516
354,000 3,487,007 3,843,906
25,251
37,590
3,273
10,706
9,797
6,141
1,100,655 1,658,774 2,164,438
944,060
859,801
944,060
86,642
88,589
•8,475
25,390
27,359
12,904
542,609
571,585
44,244
37,500
29,500
2 2 ,0 0 0
3,643
2,788
3,643
8,724
8,421
8,724
195,403 1,914,409 2,090,987
162,336
2,982,236
91,768
235,260
84,371
647,713
2,195,488
26,126
1,334,765
600,530
38,796
4,498
14,521
319.827
148,123
120,921
49,051
46,597
684,519
1,540
16,021
975
20,320
263,325
125,323
8,132
248,568
56,685
1,800
1,424
3,238
159,300
32,281
22,233
40,457
16,528
109,315
71,430
7,697
7,459
2,512
22,884
485,499
63,310
4.294
145,101
25,162
754
26,937
43,902
77,256
3,615
48.951
10,785
1,188
3,168
64,122
385,591
76.497
19.951
1,968
260,520
5,064,872
783,084
192,832
763,849
5,914,451
4,351,996
218,581
2,547,292
1,143,963
307.248
8,838
129,662
577.000
237.000
209.000
93.000
97.000
1,213,000
2,721
28,281
1,493
188,226
2,518,801
112,516
63,447
357,782
309,079
6,034,528
972,236
235,260
923,478
6,834,553
4,679,218
278,511
2,714,915
1,255,258
355,472
9,084
148,718
623,651
300,577
252,384
100,801
101,804
1,379,217
2,917
592
26,761
1,329,408
392,174
203,036
279,538
10,189
1,244.552
184,157
80,827
61,058
9,569
246,256
932,449
557,689
125,394
461,110
39,110
1,030
330,009
133,979
160,614
37,135
380,618
78,262
11,497
18,658
489,055
3,793,476
580,785
184,546
20,629
3.423
1.424
26,349
1,869,616
415,009
240,074
376,194
16,528
1,350.593
136,704
81,087
81,619
13,680
261.870
1,062,432
611,491
35,890
298,308
51,966
1,601
363,442
83,263
152,102
40,302
459,965
100,097
11,225
29,191
600,478
4,110,845
702,238
206,481
21.394
2,868
35,205
1,875
211,792
2,755,606
125.323
46,120
526,995
| Jan. 1 to Latest Bate.
1892-93. I 1893-94.
I
G reat N orth’n—
St. P. M. A M. F e b r u a ry . 658,106 749,505
E ast, of Minn F e b r u a ry .
62,326
66,880
M ontana Cent F e b r u a ry . 117,389
84,255
Tot. system . F e b r u a ry . 837,821 900,640
G ulf A Chicago. F eb ru ary .
4,054
4.160
H artsville . . . . . . Novem ber.
1,032
965
Hoos.Tun.AW il F e b r u a ry .
2,243
2,277
Hous.E.AW .Tex F e b r u a ry .
29,710
36,608
12,334
10 ,0 0 0
H um eet’n&Shen F e b r u a ry .
Illinois C entral. F e b r u a r y . 1,427,119 1,452,194
27,801
Ind.Deo.A West. F eb ru ary .
33,6G3
In. A Gt. N ortk’n 3d w k Mok
56,733
78,381
50,453
U nteroc. (Mex.) Wk Mar. 10
44,588
Iow a C entral. . 3d wk Mck
35,712
42,246
Iron R ailw ay. F ebruary .
3,696
2,940
Jack. T. A K . W F ebruary . 102.175 109,029
KanawhaAM icb 3d wk Mck
7.662
6,583
6.384
Kan.C. Cl. A S p. id w k Mck
5,301
76,957
K.C.F.S.AM em 3d w k Mck
89,896
14,813
K.C.M em .ABir 3d w k Mcli
20,055
1,172
5,249
K. C. P itts. A G. 2d w k Mck
Kan.C. 8ub.Belt 2d w k Mck
3,288
3,817
17,000
K.
C.Wat. & Gulf
Decem ber.
6,210
Kan.C. Wy.AN W 3d w k Mck
7,165
199
K an.C .& Beat. 3d wk Mcli
' 326
K eokuk A W est. 3d wk Mck
6.797
7.211
L . E rie All. & So. F ebruary
5.422
7,091
L. E rie A W est.. 3d w k Mck
55.671
71,592
Lehigh A H u d .. F eb ru ary .
28,280
38,270
Long Isla n d ___ D ecem ber.
Loui8.& Mo.Riv. Decem ber.
27,161
38.556
Louis.Ev.A St.L. F eb ru ary
106,998 142.832
Louisv.ANaskv. 3d w k Mck 359.290 413,515
Louis.N. A. A Ck. 3d wk Mcli
49.114
60.607
L ou.St.L .A T ex. F e b r u a ry .
27,536
44,657
Louisv. South .. 3d w k Mch
11,003
12,653
Macon A B irin.. F eb ru ary .
7,409
7.309
M anekes A Aug. N ovem ber.
1,449
1,092
Mania tiq u e ........ F ebruary
3,004
10,729
MempkisAChas. 2d w k Mck
23.037
30,149
IM exican Cent. 3d w k Mcli 159,870 169,749
M exican I n te r ’l Decem ber
211,763 213,260
tMex. N ational. 3d w k Mck
84,043
88,550
Mex. N orthern . D ecem ber
63,420
iM exican R’way Wk M ar.17
62,500
56,153
M ineral R ange. 4th w k J a n
7,652
7,169
M inneap.& St.L. F eb ru ary . 121.852 126,375
M. St.P. AS:8.M. 1 st w k Feb
45.542
43,379
M o.K an.& Tex.. 3d w k Mck 154,143 143,521
M o.Pac.AlrouM 3d w k Mcli 410,189 455,270
Mobile A B irm . 3d w k Mck
4,640
4,929
Mobile A O hio.. F e b ru a ry . 260,101 274,396
Mont. AM ex.Gli F e b ru a ry .
90,000
85,538
Nask.Ck.A 8t.L . F e b ru a ry . 357.511 402,801
N evada Central J a n u a ry ...
2,827
3.824
N. Je rsey AN.Y. D ecem ber.
25,005
25,045
NewOrl.ASo’n .. 2d wk Mcli
2,352
2.528
N .Y.C.AH.R---- F eb ru ary . 3,003,991 3,285,052
N. Y. L. E .& W. F eb ru ary 1,547,357 2,100,482
N .Y .Pa.A O kio.. J a n u a r y ... 404,390 524,624
N. Y.AN E n g ... D ecem ber.
N .Y & N ortk’n. F eb ru ary
39,527
37,593
N .Y .O n t.A W . 3d w k Mck
69.712
69,858
N.Y Susq. A W .. F e b ru a ry . 105,904 104,392
Norf. A S outh’n F e b ru a ry
35,494
30,258
N orfolk A W est. 3d w k Mck 207,742 215,702
N’tk e a s t’n (S.C.) November.
45,222
45,656
N ortk’n C entral. F e b ru a ry . 398,570 537,413
N ortk’n P acific. 3d w k Mck 262,353 392,000
Oconee A W est. F e b ru a ry .
3,195
1,279
Ohio R iv e r......... 2d w k Mck
13,097
16.216
Ohio Southern*. 3d w k Mck
14,932
6,500
O m aha A St. L .. J a n u a ry ...
34,324
55,664
Oregon Im p. Co. J a n u a ry ... 281.450 265,936
Pad.T enn.A A la O ctober. ..
18,630
17,778
Tenn. Midl’d .. O c to b e r...
16,852
20,435
P en n sy lv a n ia ... F e b ru a ry . 4,002,320 ,127,038
PeoriaD ec.A Ev. ls tw k Mck
17,050
15.939
P etersb u rg ........ J a n u a ry ...
43,262
36,697
Pbila. A E r i e ... J a n u a ry ... 234,986 321,404
P kila.A R ead’g. F e b r u a r y . 1,279,618 ,631,347
Coal A ir. C o... F e b r u a r y . 1,480,070 ,918,971
Total both Cos. F eb ru ary . 2,759,688 ,550,318
P itts. Mar. ACk. F e b r u a r y .
3.073
2,523
Pitt.Sben.A L.E . F eb ru ary .
25.259
21,506
P ittsb . A W est -. F e b r u a r y .
76,457
89,198
37,783
P itts. CL&Toi. F e b ru a ry .
56.520
P itts. P a. A F. F e b ru a ry .
13,569
14,268
T otal system .. 3d w k Mck
42,101
49,823
Pitt.Y oung.A A . F e b r u a r y .
52.840
73,805
28,680
P t. R ovalA A ug. J a n u a ry ...
30,416
45,1 2 7 1 34,124
P t. Roy. AW. Car. Novem ber.
18,221
15,377
Quincy O.AK.O. F eb ru ary
R ick’d A D anv. 3d w k Mek 192,942 194,090
40,345
Georgia P ac.. 3d w k Mck
42,350
Char C.AAug. 3d w k Mck
15,460
15,930
Col. A G reen v. 3d w k Mck
13,774
18.520
R ich .F r’ksb.A P. J a n u a ry ...
56,407
59,087
R.Nic’isv .Ir.A B J a n u a r y ...
4,244
5,597
26,874
Rick. A P etersb. J a n u a r y ...
25.259
6,027
Rio Gr. Soutk’n . 3d w k Mck
10,818
42,200
31.400
Rio Gr.W’est’n .. 3d w k Mck
Sag.TuscoiaAH. F e b ru a ry .
9,464
8.207
6,151
S ag.V al.A 8t. L. J a n u a ry ...
7,099
31,000
26,190
St. L. A. A T. H. 3d w k Mck
St.L.K en’etASo. F eb ru ary .
2,417
2,168
80,265 101,956
St.L.Soutkw ’rn . 3d w k Mck
85,403 112,573
St. P aul A D ul’tb F e b ru a ry .
San Ant. A A .P . D ecem ber. 167,859 170,834
10,709
8.F ra n . A N .Pac. 2d w k Mck
9,938
33,294
Sav. Am. A Mon. F e b ru a ry .
44,613
Sav.Fla. A West. J a n u a ry ... 319,198 272,143
4,067
8ker.S krev.A S o 3d w k Mek
3,746
3,352
6.073
J a n u a ry ...
S ilverton.......
26,254
Sioux City A No. Ja n u a ry ..
26,611
So. Pacific Co.—
G al.H ar.A S.A J a n u a ry ... 339,725 366,474
92,158 110,427
Louis’a W e s t.. J a n u a ry ...
M organ’sLAT. J a n u a ry ... 527,933 522,423
18,765
17,976
N.Y.T. A M ex, J a n u a ry .. .
Tex. A N , Orl J a n u a ry ... 141,883 159,782
A tlantic sys. b. J a n u a ry ... 1,139,401 1,193,815
Pacific system J a n u a ry ... 2,261,328 2,600,789
T otal of a ll. J a n u a ry ... 3,400,729 3,794,604
C oast D\v (Cal.) ^ Ja n u a ry . 742,541 801,175
8 o u .D iv .(O al)
1892-93.
$
1,330,400
126,192
218,356
1,674.948
7,675
9,582
4,430
75.177
20,500
2,913,155
54,248
678,110
460,893
411,745
7,457
197,807
69,918
61,170
843,446
250.511
49.728
36.040
$
1,618,237
168,318
181,210
1,967,705
7,412
10,383
4,904
75,703
25,244
2,998,789
80,187
970.663
430,627
409,486
5,565
205,729
67,660
61,116
1,089.854
276,887
17,898
37,960
78,998
2,842
80,893
9,817
650,046
61,630
4,209,041
420.141
222,203
4,222,430
496.613
54.917
136,214
15.186
13.625
9,173
263,822
1,905,037
2,050,934
910,487
957.142
661,210
23.539
244,315
246,623
1,823,283
4,781.534
62.406
553,942
190,000
769,286
2,827
331.408
24,417
6,175,088
3,295,991
404,390
6,019.208
80,276
674,518
231,207
66,720
2,057,265
559,527
835,640
75,424
3,392
86,343
15,059
784,310
83,950
4.270.896
478,979
293,047
4.949.897
606,649
95,328
157,648
14,051
12,586
23,737
342,382
1,679,860
2,095,726
982,723
1 ‘6,114
117.976
133,430
34,324
281.450
243,534
178.746
8,162,150
138,299
43,262
234,986
2,673,913
3,064,452
5,733,365
5,358
50,734
171,945
82,371
35,815
419,504
106.677
28,680
317,791
33,446
1,941,549
472,350
164,376
163,255
56.407
5.597
26,874
71,738
360,800
16,819
6,151
301,477
5,268
949,411
175,562
1,881,551
110.003
73,601
3 1 9 ,L98
70,949
3,352
26,611
2,324
142.174
180,851
55,664
265,936
166,905
155,676
10,050,284
158.215
36,697
321,404
3,137,128
3,801,620
6,938,748
6,381
52,077
175,105
106,285
27,071
457,930
150,361
30,416
260,705
38,069
2,010,235
480,650
168,090
155,980
59,087
4,244
25,259
140,456
404,917
16,676
7,099
348,388
5,157
1,141,606
244,066
1,669,443
133,566
93,246
272,143
60,509
6,073
26,254
689,097
22,514
253,331
281,319
1,816,541
5,819,274
68,324
580,428
177,408
836,263
3,824
323,341
29,104
6,741,396
4,295,344
524,624
6,220,493
83.035
702,471
218,990
54,911
2,093,528
557,885
1,059,131
366,474
339,725
110,427
92,158
522,423
527,933
18,765
17,976
159,782
141,883
1,139,401 1,193,815
2,261,328 2,600,739
3.400,729 3,794,604
801.175
742,541
THE CHRONICLE.
Ma ec b 31, 1894.J
R oads .
Latest Warnings Reported.
1893-94.
1892-93.
Jan. 1 to Latest Date.
1893-94.
1892-93.
3cl week- o f March.
547
1894.
1893.
Increase.
Decrease .
$
26.190
30.265
4,067
10i,40S
28,330
17.934
28,338
222,526
62.400
23,707
S
£ t. Louis A lton 6c T. H ..
S
$
31,000
$
So. P ac. Co.-Con
$
4,810
101,956
163.395 187,411
163,395
A rta m a P iv .
187,411 8t. Louis S o u th w este rn ..
21,691
70,042
3.746
88,699
70,042
S ew M ei.D iy J a n u a ry ...
321
83,699 Sherm an Shreve. & S o ...
122,812
228,525
South Carolina. F e b r u a ry . 125.600 155,829
237.711 T e r as 6c P a c ih o ...............
‘£§*,404
859
36.502
1,491
19,287
SouttiANor.Car. November.
15,751 Toledo 6c Ohio C e n tra l...
10,172
19,824
12.707
11.994
122,160
8 p .tr On. A Col. D ecem ber.
1,840
118.483 Toledo P eoria & W est’u ..
fe
40.552
40.975
53,353
105,772
S taten Isl. K. T F eb ru ary
113,351 Toledo St. L. « Kan.C ity.
12,154
255,840
1.180
1,395
1.1S0
BtonyCL&CMt.. Ja n u a ry ..
1.395 V abash..............................
33.314
68.400
62.026 117.452
136.512
S um nutB ranoli. F e b r u a ry .
219,833 W estern N. Y. 6c P e n n ...
6,000
2 6,662
85,916
108,862
42,979
Lykens Valley F eb ru ary
2,955
163,005 Wheeling 6c L ake E r i e ..
245,374
T o t'lb o th Co’s F e b ru a ry . 105,005 203,368
337.338
T otal *.72 roads>............. 6,324,140 7,313.708
T exas A Faeitle. 3d w k Mr)! 104,408 122,312 1,394,440 1,535,538
19,556 1,009,124
6.911
Tt>x.3.Val*N.w F eb ru ary .
£.971
4 ,2 2 1
8,894 N et decrease (13 53 p.o. >
989,568
88,542
73,000
152.766
T o l.A .J. ANo.M. F eb ru ary
179.239
* F or week ended M arch 17.
26.330
299,816
36,502
ToLAOM oOent. 3d w k Mob
457,994
t No coal m oving on acc o u n t of m iners* strik e in 1894.
194,902
17,934
19,824
T o l.P . A W est..
215,651
40.552
257,463
28,398
T ol.St. L .A K .C.
388,508
Our final statement of earnings for the second week of
23,815
*21,832
23,815
U lster A D el__ J a n u a ry ..
21,832
March covers 78 roads and shows a loss of II 55 per cent.
Onion Paeiflo—
C d. Pac. E E . Ja n u a ry . . 1,030.358 1.404.791 1,030,358 1.404,791
343,846
343,846 433,152
O r.S X .A U .N J a n u a ry ..
433,152
2d week o f Ifarctl.
1894. i 1893.
Increase. Decrease.
226,970 288,088
220,970
Or.Ky ,v X.Co Ja n u a ry ..
269,038
219,-146 357,599
213.440
0 . Pac. D. A G Ja n u a ry ..
357,599
*
$
8
s
90,416 127.545
90,446
F t W’tS& D.C. J unitary.. .
127,545 Previously rep 'd (61 r ’ds^ 5,823,617: 6,5*7,009
56,849
820,241
67,952
97,960
67,952
St. Jos-AGiLls. Ja n u a ry ...
97,160 Burl. Ced. Rap. N orth.
73,324
75.012
732
10,784
18,007
10,784
Kan.C.AOm. Ja n u a ry ...
13.007 Chicago 6c G rand Trunk.*
56,227
69.47(1
£§,252
16.355
27,001
217,899
T ot.rt.J.A G .1. 3d wk Mob
301,188 Chic. P eoria A St. Louis.
20,272
24.443
4,171
34,790
40,741
C e n t S r .......... Ja n u a ry . .
34,790
40,741 Cleve Akron 6c C\>iumbui*
10,111
21.223
3.112
Acb.C'ol.A P. 1
29,598
57,403
29,598
236!)
2.356
57,403 C urrent R iv e r..................
533
Ach. J.O.A W ( J a n u a ry ...
Dot- Or. H aven A MUw."
21,009
19.236
1,773
25,898
36,744
25,898
M ontana 0 n Ja n u a ry .
36,741 lateroeeanio i Mex.j*.. ..
50,453.
44.580
5,865
3,406
3,406
Man. A1.& Bur. Ja n u a ry .
3,568
3,568
6,401
5,636
76 d
G r'd to tal \t J a n u a ry .. 2,272,611 3,161,993 2,272,841 3,161.993 Kau. City Cliu. 6c Spring.
K an. City F t. 8. A M em ..
c
71.83d
99,297
Vertnont Valley jDecember
188,548
202,738 Kan. City Mem. A B irin.
19,146;
22.623
3,432
222,526 255,340 2.434,168 2,849,515
W abash..............3d wit Mch
Kan, City
A Gulf.
5,249
1.172
4,077
Wab. Cbes. A W.;Ot-tober. ..
9,666
8,194
80,001
64,996 Kau. City PiU sb e i t .......
Sub. B
3.317
3.288,
529
West Je rs e y .......Ja n u a ry .
91,356
91.162
91.858
94,162 M etuoub A C h a rlesto n ..
23,037
30,149
7,112
70.542
80,833
W.V.Cen.A P itts F eb ru ary
142,342
150.642 M exican Railway*. ... ..
61.263;
00.643
820
West V a & P ltta . Ja n u a ry .
25,511
18,703
25,511
18,703
13,097
16,216
3,119
West. Mary laiid.l F eb ru ary .
65,237
79,034
137,991
159,3*0
.
A So. Paeiflo.
10,7.19
771
9.938
West-H. Y. A P a . 3d wk Mch
02,400
579.987
63.400
749,552 t a te sFr«n.s . Y. A P en n .._
55,700|
72,800
17,100
Wheel. A U Erie 3d wk Moll
26,662
23.707
211,343
291,076 W te rn
WiLCh»d.ACon. fS o vem h e r.
2.992
1.904
22,593
25,926
T otal (78 road*)............. 6,339,355 7,167,445
70,262
893,352
Wil. Col. A Aug j November.
01.743
72,136
583,122
724,350
6.824
W rigbtsv.A T en.lFeliruary
7.419
14.444
328,090
13,077 S e t decrease (11-55 p.o.l.
* D uring g re a te r p a rt of F eb ru ary an d Br.*t and second weeks of
* F or week ended M arch 10.
M arch no coal m oving In 189k on account of m iners’ strik e.
1 Includes M ilwaukee A N o rth ern fo r all periods.
Net E arnings Monthly to Latest Dates.—
The table fo l
; F igures given do n o t include L eavenw orth T opeka A S outhw estern.
lowing shows the net earnings reported this week. A full
a F igures cover only th a t p a r t o f m ileage located ta S outh C arolina
b Inclu d es earning* from ferries, etc., hot given se p ara te ly . : M e n
detailed statement, including all roads from which monthly
ean curren cy , e Includes o nly h a lf of dnee in which Union P aciao has returns can be obtained, is given once a month in these
a half in te re st, d Includes Ohio A Mississippi in both y ears.
columns, and the latest statement of this kind will be found
by Weeks.—The latest weekly in the Chronicle of M a rc h 24, 1894. T h e n e x t w ill a p p e a r i o
earnings in the foregoing are separately summed up as the issue of April 21
la te s t
trro s s
E a rn in g s
f o llo w s :
F o r the t h i r d w e e k
of March our statem ent covers 72 roads,
and 9hows 13’53 per cent loss in the aggregate.
3d teeek 0 ilarett.
/
A teh.T op. a Ban. F e .......
St. Louis A San F r ........
Balt. A Ohio Southw est
Brooklyn E le v a te d . . . _
_
Badaoi Koch. « P i m b ’g
Canadian Paclfle............
Chesaneakc A O hio.........
Chicago A E ast. Illinois.
Chicago G re a t W estern.
fSUcago MUw. A St. Paul,
Chi A Peoria A St. L ouis.
C hicago * Wes*. Michigan
Gin. J seaso n A Mackinaw
Clove. Akron ACO latnb.
C ler. Ctn. Chic. A St. L .,
C urroot E lv e r ..... ............
D enver A Klo G rande .
D etroit Labs’g A Nortii'ri
D uluth 8. s. A A tlan tic...
E a st Tenn. Va. A ( b . _
_
B ru n sv. * In d ian ap o lis
E vansv, A T erre H a u te ..
F lin t A F ere M arquette.
G eorgia..........._..................
B rand Kaplds A In d ia n a
C incinnati K, A F t W .
T raveres City.................
Musk. Or. M ap.,% Ind
B rand T ru n k o f C an ad a’
Chicago A Or. T ru n k ’ .
Det, Ur. H av. A MUw.’
Intern ! A US. N orth'n ..
Iow a C e n tral....... .............
K anaw h a A M ichigan. . . .
K a n sa s C ity Clin. 4 o p r .. ;
Kan. CUT *X 8. A Mem .
Kaii. C. Mem. A B irin---K an. 0. W ysn. A N . W ...I
K ansas c ity A B eatrice
Keokuk A W estern .. . . . . . I
Lake E rie A W estern _ ,
_
Loulsvllte A Nash* ille.,, j
LouisvI:U; N. A, A elite ..)
Louisville A S outhern
Metu- in C e n tr a l ,.......... !
Mexico o N a tio n a l.............
M e t 1can Hallway ’ ...........
Mo. K ansas A T e x a s . . . .
Mo. Pac;tic A Iron M t___
MocUe A B irm ingham ..;
N. X. O ntario A W estern
Norfolk A W estern..........
Northern P aclflc...............!
Ohio B o u ih em i...............I
P ittsb u rg A W estern.......
Richmond A D a n v ille ...;
Georgia F a c if lc ..... . . . .
Char. Col. A A ng..........
Columbia A G re e n y ... j
Bio G rande S o u th e rn .,..
Bio O f»ode W ratem . . . . . '
8L Joweph A Od. Islan d .
1894.
1893.
$
564.718
143,775
120.132
35,050
44,730
315.000
167,793
63.927
81,024
569.410
I9.C63
30,901
11.310
16.904
226.024
8.311
108,200
20,530
27,378
98*131
0.193
22,239
56,605
25.417
38,178
7,603
806
2,223
317,913
62,421
19.992
56,733
35.712
7.062
6,394
76,1*57
14,913
6,210
109
6.797
55,87 i
359,290
49,11 4
11,0<‘*3
159.970
94.043
02,500
151,113
110,189
4.010
64.712
207.742
262,353
6,500
42.101
192,942
*0,345
15.160
13,774
6,027
31,400
10.855
«
686,562
100.079
128.842
37,8*5
61.931
351,000
195.403
91,76s
81,371
647,713
26,120
3H,790
14.521
20.320
203,125
3,238
159.300
Incrtam.
9
1
.............;
............
.............
.............
............
. . . . __ _ {
73
2 2.233
40.457
100.315
7.459
22.884
63,310
26,937
48.981
10.785
1,188
3.169
372,379
76,497
19,951
78.381
42,216
«»5S3
5,301
89.890
20,055
7,105
326
7,311
71.592
413.5151
60,607
12,653
169.749
80.550’
56.153;
143,5211
455.270;
4,9291
893581
215.702
392,000
14,932
49,823
194,090:
42,350;
13330
18.520*
10,81*;
42.200
27,004'
______
.............I
...........
_______;
............
31
______ ;
l ,079
1,083
S
101,811
10.541
8,710
■2,63 b
17.181
39.000
27,610
22.8X1
3,347
79,267
7.063
7,#»5
3.181
3 ,4 16
37.301
51,100
1,703
13,081
11,181
1,276
646
6,70.4
1,500
10.8U3
3.177
382
640
24.460
14,076
21,6*8
6,434
12.939
5,242
&55
127
414
15,921
6 4 .2 2 5
11,493
1 .6 5 0
9,879
4 ,5 0 7
6,847;
10.622'
.......
.............j
.............•
... ....
,..#.***
........ *
45,081
289
146
7,960
129,647
>*,432
7,723
1,148
2,005
470
4.7 i«
4,791
10,800
10,149
a— Gross Earning*.---- * ----- tfet Earnings.- ------
1894-3.
1 8 9 3 't.
1893-4.
1
B
8
152,252
183,836
59,499
.
307.137
Ja n . I to Feb. 23
373.601
115,353
Bull. Roch. « PlU s b F i > 209,391
fc
.
833,940
68,523
J a n . 1 to Feb. 23.
428,105
139,466
448,639
J u ly 1 to Fee. 28. . 2,105,011 2,116,831
672.016
174,914
C anadian Pacific a.,F e . 1,154.252 1,239,323
J a n . I to Feb. 28,. . 2,545.007 2,79.7,906
557,559
704,661 1,100,653
Cent, of N. Jersey a Fob
183,581
J a n . 1 to Feb.
. 1,056,774 2.164,433
445.567
» 660,377
.
276.314
Obeeapeake A Ohio.
766.322
. 1,422,447 1.504,778
475.786
Ja u . I lo Feb.
. 6,341,000 6,895,096 2.180.335
J u ly i to Feb.
120,371
24.308
Chic, B ar. v North.I
ie
162.336
.
20t ,520
51,941
Jan . i to Feb.
309,079
874,803
Ohio. Burl. A Q nln.b Feb 2,4 27.892 2,992,236
Ja n . 1 to Feb. 28 - . . 5.004.S72 6,034,529 1,771,227
574.807
ChiO.M.A 8 t.P au i.ii. Feb . 2,106,786 2,276,913
Ja n . 1 to Feb. 28 ,. . . 4,201.609 1,961,673 1,1*1.283
JttlV l to Feb. 2 8 ...
- 21.496.739 7,753,917
228.391
876,393
s e t.s a )
Clav.CliLC.A8t. L .« .. Feb .
453.733
Ja n . 1 to Feb, 2 3 ... . 1,816,605 1,968,600
Ju ly l to Feb, *48... . 8,933.335 9,304.730 2,232,244
17,432
69,902
77.256
9 a . S outh’n a Fla b . Feb
160,614
152.102
48,699
J a n . t to Feb. 2 8 ... .
554,731
139,975
568.636
Jo lv l to Fob. 28 .- .
57,159
139.289
.
151,051
101,211
291.923
301 *007
493,273
JsUy 1 to Feb. i
1,315.853 l,3 3 V * U
112.427
437,390
K an. C.Ft. B .A M .a TFe i. 381.115
224,749
784,819
968,993
Ja n . I to Feb. 29. .
975,467
Ju ly 1 t » Feb 2 8 .. . 2,320,036 3,920,445
6.345
101.955
83.401
Kan.CL Mem. A B .a Feb
38.871
212,566
197,189
Ja n . I to Feb. 2 8 ,..
834.231
161,953
775,758
Ju ly 1 to Feb. 2 8 ... .
N. Y.L. E. 6k W eat*a.cF«b - 1.547.357 2,109,49 2 *246.219
J a n . 1 to F eb -2 3 ... . 3.2J5.991 4,295,314 •602,334
10.176,217 *2,988,360
Oct. 1 to Feb. 2 8 ... .10,601,748 1
15,442
2.871
40,749
N. Y. 6c N o r th e rn ,...J a n l.
211,796
43,789
223,862
N. Y .O nt. Sc W«Kt.» Feb.
108,060
509.234
480,901
J a n . 1 to Feb, 2 8 ....
75 L.646
Ju ly l to Feb. 2 9 _ 2,570,120 2,391,477
_
34,639
101.392
105,904
N. Y. 8aa.de W est. b . Fob
87,087
213,090
231,207
Jacu 1 to Feb. 2 3 __
11,334
35.494
130,2. >3
Norfolk 6t S o u th . t .. Feb,,
10,019
66,720
5 1,911
J a n , l to Fob. 2 8. .
118,893
705,418
653.588
Norfolk 6c W e ^ t.o .. Feb
306,074
Jan . 1 to Feb. 2 8 ... . 1,4 11,742 1,419,165
101,114
537.113
3 >8,570
203,262
1.0.39,431
835.0 tO
. 4,002.320 5,127,033 1.123,720
1
J a n . I to Feb, 2 8 ... . 8,162,150 i 0,050.23 4 1,749,228
Deo.
Deo. 5 13.237
Line* w a it P. A K .. Feb
Deo.
Dem 969,799
Ja n . 1 to F.ib. 2 9 ...
473,674
1.631,347
Phil*. & R eading— Feb . 1,279,018
9 7 8 .5 2 1
J a n . 1 to Feb 2 3 -... . 2,073,913 3.137,128
Dec. 1 to Feb. 2 3 ... . 4.428,425 5,105, i 05 1,738.749
. 1,480.070 1.9H .971 df. 108,407
Coal A Iro n Co....... Fob
J a n . 1 to Feb. 2 9 .. . 3,064,452 3.801.620 df.131.874
Dec. 1 to Feb. 2 8 .. . 5,343,762 5.506.003 def. 11.422
1892-3.
$
47.181
96,100
53,135
97,466
590,353
239,305
751,339
414,331
7 51,936
231,812
171,978
2.288.729
57,300
7 5 ,9 1 8
938,813
1,785.786
143,617
1,113,317
8.318,075
222,354
359,023
2,474.823
17,728
35,225
151,367
23,724
53,902
367.189
145,777
286.102
1,171,075
26.167
61,552
171,380
*639,611
•1,135,401
*3,919,311
def.5,256
21.97.5
63,963
SSb.VSl
32,406
79.582
12,311
13,259
169,373
254,801
149,037
258,563
1,238,380
1,738,668
63,691
74,749
427,392
730,590
1,006.483
def 91,901
def.62,731
def.73.98 8
THE CHRONICLE.
648
— Gross Earnings. --- *-
[VOL. L V III.
- Net Earnings -
IN CO M E ACCOU NT.
1892-3
1893-4.
1891.
1890.
1892.
$
$
$
$
$
335,991 Net e a rn in g s............
367,267
1,129,152
1,292,829
T o ta l b o th Co’s _ Fob.
_
,420,327
667,859
846,643
J a n . I to Feb. 2 8 ---Deduct—
1.744,327 1, o32,44 d In te re s t on b o n d s ...
Deo. 1 to Feb. 2 8 ....
332,750
363,771
434,667
38,418 Div. on pref. sto c k ..
27.265
473,600
473.600
Rio G rande West- b .. Feb.
592,000
74,212 R ate of d iv id e n d ___
60,602
(4 p. c )
(4 p. c.)
J a n . 1 to Feb. 28. ..
(5 p e.)
600,563 ■B e tterm en ts....... . . .
223,256
517,799
216,509
J u ly 1 to Feb 2 8 ....
56,200
T en n .C o al I. & HR...Feb.
T o ta l....... ................. 1,029,606
1,053,880
1,026,667
127,400
Ja n . 1 to Feb. 2 8 ....
99,546
238,949
393,660
11,185 S urplus.
30.262
88.542
78,000
Tol. A. A. & No. M ...F eb.
22,866
50,009
B A LA N CE S H E E T D E C E M B E R 31.
178,239
152,766
J a n . I to Feb. 2 8 —
1891.
1892.
U nion P acific—
515,908
Assets—
$
303,930
Union Pacific R y .b Ja n . 1,030,358 1,404,791
$
31,381 Road aud eq u ip m en t......................... 32,155,482 32,972,582
6,720
127,545
90,446
F t. W o rth * D en.C .bJan.
956.660 i Kq lipm ent and im provem ’t a c c t.......................
537,232
G rand to ta l.b .-..J a n . 2,272,641 3,161,993
82,45*
97.412
226.405 M aterials on hand ...........................
165,040
862,185 1,019,846
W ab ash . b .................. F eb.
15,000
207,376
394,901 : Stocks and bonds o w n ed ,................
320,513
Ja n . 1 to Feb. 2 8 ---- 1,767,642 2,083,675
13,895
T axes and in su ra n c e ........................
1 4 .'4 7
J u ly 1 to P’eb. 2 8 .... 8,983,745 9,770,061 1,985,439 2,423,717
en ts
d ra ilro a d s _
_
110,744
128,773
51,140 Due from agc e iv aa nle .........................
38,738
256,118
195,839
W est N. Y. A Pen n. b .. P
*
’eb.
A ccouuts re
b
48,146
48,098
125,215 Bills receivable........................................................
82,438
534,452
405,737
Ja n . 1 to P’eb. 28 —
800,701 Ind. N ational B a n k ...................................... .........
550,545
J u ly 1 to Feb. 2 8 .... 2,101,296 2,452,591
15,905 M iscellan eo u s.....................................
13,404
79,034
3,218
65,237
W estern M aryland. F eb .
1,307
29,275 Cash.......................................................
25,459
565,748
158,380
137,991
Ja n . 1 to Feb. 2 8 ....
526,712
121,533
93,256
444,792
398,029
Oet. 1 to Feb. 2 8 ---T otal a sse ts........................... .32,994,686
33,997,007
' a N et earn in g s h ere g iven are a f te r d ed u ctin g tax es,
Liabilities —
b N et earniuv* b are driven are before d ed u ctin g ta x e s ,
C apital sto c k ................................
23,680,000 23,690,000
c Net. earning* h ere given are a fte r deducting tax es on property.
* A lte r d ed u ctin g p ro p o rtio n due ro ad s o p erated on a percentage Bonded d eb t (see I n v e s t o r s ' Sup.) 7,90 >,0»0 8,750,000
basis, n et in F eb ru ary , 1894, w as $155,280, a g a in st $460,185 in 1893; A ccrued in te r e s t......................
184,296
219,850
fo r tw o m onths from Ja n u a ry 1 to F e b ru a ry 28. $305,501 in 1894, A ccounts p a y a b le ...................
106,363
118,478
a g ain st $808,502 in 189* an d for five m onths from O ctober 1 to F eb B ills payable.............................................................
ru a ry 28. -1,998,707, ag ainst 82,820,218.
U npaid w ag es.........................
100,384
102,346
t D ecrease in gross in F e b ru a ry due to the fact th a t earni ngs last year Equip, and im p ro v em en t a c c o u n t.
328,132
9 ,9 .7
w ere in creased by busin ess delayed iu Ja n u a ry on account of fr.-ezing D ividends p ay ab le..................
118,400
148,000
w eath er. N et earniDgs fo r m onth of F eb ru ary h ave also been reduced M iscellaneous .............
14.264
11,810
by th e inclusion iu ex p enses in P’eb ru ary , 1894, of $2,700 for steel A ssets over liabilities .....................
562,847
953.506
rails, $2,500 fo r cross-lies an d ab o u t th e sam e am o u n t sp e n t for w ork
on road-bed an* tra c k w hich is u su ally done la te r in th e year.
T o ta l.................................................. 32,994,686 33,997,007
; In clu d es C u rren t R iver an d Kan. C. Ciin. & Springfield.
1893-1.
$
2,759,698
5,738.365
9,770,187
130,730
272,600
1,415,561
Roads.
1892-3.
$
3.550,318
6,938,748
10.612,460
147.921
297,817
1,683,268
1893.
$
1,258,381
444,972
592,000
(5 p . c.)
1,036,972
221,409
1893.
$
33,272,582
59,131
145,216
207,376
20,592
170.557
48,680
75,775
49,470
3,307
425,225
34,477,911
23,680.000
9,050,000
227,106
115.773
175,000
90,282
148,000
20,853
970,897
34,177,911
Norfolk & Western Railroad.
Interest Charges and Surplus.—The following roads, it
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
f F o r the yea r en ding Decem ber 31, 1 8 9 3 .)
The annual report of President Kimball will be fouud on
subsequent pages, giviug much more extended information as
-Inlei'’ t, rentals, dbc.— s-B al. o f Net Earn.
s
1893-4.
to the operations of the past year than it is practicable to give
1892-3.
1893-4.
1892-3
Roads.
$
in this column.
Ohic.B uri. & Q u in cy .F eb .
800,000
822,880
74,803 115,933
The comparative statistics for four years have been com
J a n . 1 to F eb. 2 8 .... 1,600,000 1,6 45.760
171,227 140,006
01ev.C in.rhic.& St. L. Feb.
227,261
217,379
1,130
4,975 piled for the C h r o n i c l e as follows :
Ju ly 1 to Feb. 2 8 . . . . 1,816,808 1,762,449
415,436 712.374
1891.
1890.
1892.
1893.
K an . C. F t.S . & M .*..Feb.
111,8 15
113.266
582
32,511
826.
1,091.
1,308.
1,556.
Ju ly 1 to Feb 2 8 ....
891,828
896,457
83,639 274,618 Av. m iles oper..
Operations—
K an . O. Mem. & Bir. P’eb .
39.969
38,246 def.3 <,614def.12,079
c a rr’d
1,519,231
1,887,522
2,232.909
2,052,387
J u ly 1 to Feb 2 8 ....
318.030
304,247 df. 156,077 df.132,86 7 P ass’gersm il’ge.
61,036,450
71,394,761
76.53 >,531
70,593,746
T enn Coal I. & RR....P’eb.
59,700
. . . . ___ def.3,500
.....P ass’ger
R a te p p a ss . p.m. 2-862 cts.
2-93.8 cts.
2-861 ota.
2-897 cts.
J a n . 1 to F eb. 2 8 . . . .
120,000
................................... 7,400
.....
____ „___
________
„
„
F r ’gt(tons)car’d
,
5.797,911
5,0>9,595
6,6 24,73?
6,325,735
' in c lu d e s C u rren t R iv e r an d K an. C. Clin. & Springfield.
F’t (Fnslm ii’ge.lOOJ,872,726 1292,98 4,631 1444,835,620 1554.938,009
R a te p. to n p . m. 0 - 5 7 1 CCS.
0-518 cts.
0 '5 3 7 cts.
0*514 cts.
Earnings—
$
$
$
$
ANNUAL REPORTS.
P a sse n g e r.......
1 ,6 1 2 ,2 6 0
1,819.593
1,880 820
1,721.194
F re ig h t........... .
6,960,130
5 ,6 3 6 ,2 1 3
7,634,230
7,873,773
Lake Erie & Western Railroad.
Mail, exp., &c.
3 1 3 ,4 3 8
388,319
437,831
437,651
('F or the yea r en ding Decem ber 3 1 , 1S93.J
The report of Hon. Calvin S. Brice, president, says that the
freight traffic shows a decrease of 7 01 per cent in tonnage,
the earnings per ton per mile a decrease of '729 cent to '704
cent, or '027 cent, and the gross receipts from this source a
decrease of 2'57 per cent. The passenger traffic shows a
decrease of 9'06 per cent in the number of passengers car
ried, a decrease of 1'81 per cent in earnings. The decrease in
the rate per passenger per mile was five hundredths of a cent.
The average haul per passenger increased 2 77-100 miles; the
average receipt per passenger increased five and three-tenths
cent.
The gross receipts of the first six months of 1893 exceeded
those of 1892 by $198,793, while the gross receipts of the last
six months decreased, as compared with 1893, $341,655
caused wholly by the depressed condition of business gener
ally prevailing. The issue and sale of the $300,000 of the
company’s second mortgage bonds was for the payment of
five hundred freight cars and ten heavy locomotives, which
were ordered early in the year, and at a time when the
increased business seemed to justify this addition to
equipment. Quarterly dividends of l ] 4 per cent upon the
preferred stock have been paid during the year, in addition
to which the company expended in additions and improve
ments $207,016, and carried to surplus account $14,390.
The operations, earnings and charges have been compiled
for the C h r o n i c l e as follows :
T ot.grossearn.
930,936
421,902
1,000,926
212,132
2.061,299
211,415
Tot. oper. exp.
N et e a rn in g s ...
P .e.op.ex.to e’rn
4,838,610
2,723,306
6400
Miles oper. Dec. 31..
Operations—
1891.
725
1892.
725
9,188,042
9,952,881
1,001,501
472,141
252,749
2,685,685
277,107
996,279
702,489
1,63 7,758
263,066
3,090,332
341,249
6,009,767
3,178,275
65-41
7,031.673
2,921,208
70-65
10,032,618
1 ,3 2 0 ,5 8 4
7,199,46*
2,833,158
72
IN CO M E ACCOUNT.
1890.
$
2,723,306
233,919
1891.
$
3,173,275
*291,645
18.92.
$
2,921.2 98
*289,366
1893.
$
2,833,158
141,189
N et incom e.
2,957,225
3,469,920
3,202,074
Disbursements—
I n t on b’nds,&c.
1,814,008
2,266,131
2,423,454
lo t. & dis., & c..
.........
Div. on pref stk. (3%)735,000(3%) 1,072,50ti(2 t j / 1,030,000
R e n ta ls..............
.........
.........
47,308
2,974,347
Tot. disb’m ’ts.
B alance, s u r p ..
3,074,089
df.99,742
Receipts—
N et e a rn in g s ...
O ther receip ts.
2,549,008
408,217
3,338,631
131,239
3,505,762
def.303,683
2,821,940
187,278
64,871
* Of those am ounts, in 1891 $135,000 w as “ from th e speoial dividend
fund of $270,000 provided a t th e tim e of the acquisi-ioa of th e Shenan
doah V alley B R .,’’ &c., an d in 1392 th e balance of sam e, $136,260.
G E N E R A L B A L A N C E SH E E T D E C E M B E R 3 1 .
O PE R A T IO N S AN D F IS C A L R E SU L T S.
1890.
722
7,561,916
Operating expenses—
M a ln t'ceo fw ay .
M ainc'ceofcars.
M aiutof eugin’s
O om m ercTdept.
T ra n sp o rta tio n .
G en eral...............
1893.
725
P assen g ers c arrie d .. 1,185,431
1,373,815
1,544,544
1,404,635
P assen g er m ileage.. 30,153,729 35,234,283 39,270,878 39,609,500
B a te p e r pass. p. m .
2*46 ots.
2'43 cts.
2-37 cts.
2-32 cts.
F r ’g h t (tons) m oved 1,719,888
1.871,172
2,031,853
1,889,411
P r ’/ilit (ions) miL’g e .268,120,847 272.185,140 299,’0 4 l|9 4 9 30L 762'o8S
A v r a te p. to n p. m . 0 677 cts.
0-750 cts.
0'7'29 cts.
0-704 cts.
Eartiinr/s —
$
$
$
P a s s e n g e r ...
830,961
886.778
963,611
946,218
1,915,805
2,041,579
2,179,587
2,123,474
M ail, ex p ress, & c ...
327,672
344,998
415,284
442,929
T o ta l e a rn in g s___ 3,074,438
3,273,355
3,558,482
3,512,621
Operating expenses —
M ain ten an ce of way
362,495
347,086
324,842
383,394
C ars & m otive pow er
256,768
275,305
29y,070
2 43,923
T ra n s p ’t ’n expenses 1,030,262
1,047,347
1,135,408
1,159,897
G en eral, re n ta l of
tra c k s, ta x e s , & c295,761
310,803
378,835
412,026
1,945,286
1,980,526
2,138,155
2,254,240
1,129,152
1,292,829
1,420,327
1,258,381
1891.
1892.
1893.
Assets—
$
$
$
Railroad an d eq u ip m en t.......... 96,696,783 105.096,911 113,332,152
bonds of com pany o w n e d ___ 4,727,000
6.93 <,000
860,000
Stock held by tru ste e ..............
105,100
105,100
105,100
Bonds a u d sto c k s of o th er co’s. 1,151,500
1,331,5 0
1.576,092
M aterials aud su p p lies..............
710,324
2 74,364
855,732
A ccounts receiv ab le.................. 1,028,888
1,230,190
1,575,188
A dvances.......................................
5 4 7 .U 7
Cash ............................................ 2,014,713
1,300,372
840,482
M iscellaneous...............................
3,574
Total a s se ts..............
..1 06,424,308
115,742,913
119,228,961
Stock, p re fe rre d ......................... 40.000,000
Stock. commoQ............................ 9.500,000
B onds (See I n v e s t o r s ’ S u p ) . . 50,943,200
C ar tru sts
533.314
C ollateral lo a n ..........................
2,u00,000
Bills an d accouuts p a y a b le ...
1,142,5 45
A ccrued in te r e s t.......................
820,094
M iscellaneous.
2-L177
Incom e a c c o u n t.......................... 1,456,977
43,000,000
9, 00,000
54.770, LOO
2,4 L ',542
2,000,000
2 ,l2 i,2 7 3
894 065
21.000
1,013,832
48,000,000
9,500.000
54,319,200
3,653,653
Liabilities —
T otal lia b ilitie s....................106,424,307
115,742,913
1,460,070
1,024,685
18.660
752,693
119,228,961
THE
March 31, 1894.]
C H R O N IC L E .
Chicago Burlington
& Quincy Eailroad.
( F o r the yea r en ding Decem ber 31, 1 8 9 3 .)
The following is a comparative statement of earnings, ex
penses and income for four years, compiled for the C h r o n i c l e t
The annual report of President Perkins will be found at
length on another page, together with valuable statistics and
the balance sheet as of December 31, 1893.
The comparative statistics for four years, compiled for the
C h r o n i c l e , are aa follows :
O V ERA TION S AND FISC A L RE SU LT S.
1390.
1391.
1892.
1893.
M lleso p er.O eo .il. 5,216
5.321
5.55S
5.596
T ons car..lm . 197->,896,694 1.804,977,505 2,315.142.151 2,099,0-0,071
P ass car. lm .' 292,535.186 289,343,193 325,611,118 409,529,533
E arn in g s—
*
*
$
8
P a s s e n g e r ..
6,369,616
6.729,809
7,223.143
8,419,079
F r e ig h t.......
18.813,104
18,369,821
22,768,007
19,6*9,495
Mull, ex..& 0.
2,513,217
2,816.197
3,011,244
2,934,395
To,*ros* ea rn .27,725,967
Op. ex. & t a l e s . 19.749.699
27,916,127
18,549,257
Net e a r n in g s . 8,976,268
9,366,870
P.c.of o p e r .c ip .
to e a rn in g s.. . .
67*62
66*45
• S o t in clu d in g those c arrie d free.
33,002.394
22,459,011
31,012,970
21,224,501
10,533,383
9,818,466
68*08
68*37
Receipts—
T o ta l in co m e............
[MStrunemenU—
R e n ta ls p a i d ...........
In te re s t on d e b t . . . .
D iv id e n d s ................
K ate of d iv id e n d s...
C ar’d to Sink’s fund.
1890.
8
8,976,268
806.035
178,*55
9,960,758
206,078
5,491.992
3,810,630
(5 p. c.)
745,492
1891.
1892.
8
8
9,366.870 10,533.383
1,371.027
1,231,818
156.918
183.572
1893.
8
9,818,466
1,771.092
108.422
10,893,315 12,003,773 11,697,930
230,230
5.817,206
3,246.086
iltip .e .)
764,839
E A R N IN G *, E X P E N S E S , ET C.
1990.
1891.
1892.
1893.
■
5
*
S
$
$
R ental or telephones — 2,913,369 3,197,733 3,303,753 3,513,711
PivideD ds.......................... 1,256,274 1,320.646 1,422,018 1,824,432
E x. te r r ’l& b ra n e h lin e s.
89,473
fl',2 8 1
101.306
108,621
26,492
Telegraph com m ission..
27.345
29,417
29,193
In te re s t.............................
77,448
145.160
168.830
225,936
12,235
23,292
R eal esta te an d m lscell.
75,533
79,183
Earnings—
T o ta l............................ 4,375,291 4,736,007 5.100.SS7 5,781,076
E xpenses., inch inr. an d
taxes* can cessions, etc. 1,505,873 1,609,1S7 1,639,2X1 1,855,590
N et e a r n in g s .............
Dish ursem ents—
R ean lar d iv id e n d s .........
E x tr a div id en d s— .......
D epreciation r e s e r v e ...
T otal....... ...................
2,369,113
3,126,820
3,411,076 3,925,186
1,463.913 1,725,000 1 027 227 2,214,156
750,000
900,000
991,863 1,125,000
655,505
501,820
49 ’,586
586,329
2,869,418
3,126.820 3,411,676
3,925,485
LED GE R BALANCE DECEM BER 3 1 .
INCOME ACCONNT.
K et earn in g * ............
P ro m InvcSUu.. Ac
Net B.dcM.Td grunt*
549
314,573
6.113,738
3.819.922
(5 p. e.)
765,180
310,260
0,5:i*,91l
3,960.252
(5 p. e.)
765,090
T o ta ld isb n n -e in e n u 10,263,192 10.059.071 11,013,419 11.574,513
B alan ce.......................det.302,434 *'ir.*36,274 sur.900.354 sur.123,467
G E N E R A L BA LAN 'B D E C . 3 1 .
1300.
1891.
1892.
1893.
*
*
8
8
RR., em tio.. Ac........131,176.131 187,3!7,473 197,531,337 201,050.025
Block* A b'nd? ow n'll 3 i.U 2 .0 1 3 32.961.*05 33,314.438 '37,647,6*0
C u rren t a c c o u n ts ... 3,671,187
3.180,533
3,681,192
5,428,274
M aterials, f u e l ,d c .
1,698,440
l,Oi->,353
1,356,993
1.529.713
2,*16.763
3,310,386
4,511,779
Chsh on h a n d ........... 2,275.818
sin k in g fu n d ........... 13.413,937 14.5:7,407 15.257.732
8,114,542
1891.
139?.
1893.
D e b its
a»
$
T elephones ................................ ........ 979,117
1.133.900
1.266,182
Real e sta te .................................
950.977
950.984
.......33,180,409 34,1211,706 37,065,131
Stocks —
........... ..................
M erchandise a n d m ach in ery . . . . . .
14 441
*.‘•85
13,312
Bills and acco u n ts receivable ....... 3,192.013
3.781.747
3,573,053
.......
655,823
2,365,419
2,843,678
....... 33,950.278
O r a l li
mns
Reserve
T o ta l..
42,367,280 45,712,340
.....1 5 .0 0 0 ,0 0 0
17,500,000 20,000.000
2,01)0.000
2,<>00,000
....... *848.904 1 1,3 <4,516 ! !. 550,596
....... 10,274,913 10.169,925 10,137,493
5,634 103
5,682.227
....... 2.996**77
3,527,723
4.191,013
2,151,013
2,151,011
....... 38,950,278
42,367,280 45,712,340
* $450,000 is dividend payable J a n . 15, 1692.
I *1,050,000 Is dividend payable J a u . 16. 1** 5.
; $1.05o,000 is dividend p a y a b le J a n . 16,1694.
G EN ER AL IN V E S T M E N T N E W S .
Atchison Topeka A Santa Fe.—Air. Fleming of London,
Total....................................236,777.828 212,354,341 254,452.056258,012,013 been in New York for some time, stated that a ma
who has
Liabilities—
Stock, common....... 76,394.505 76.391,903 76.4082100 32.004.200 jority of th>* second mortgage class •*A" bonds of this com
B onos useestte>L*n-U ’« .7S »,20 1 UH».i 11,200 117,2 43. >30 11-,712.900 pany are held in England and that a committee was formed
8Inkin-* funds......... 17,917.8-9 19,318,653 20.9IS.t84 12,932.855 there at a n esting called by advertisement, at which 700 or
C o n tin g en t lltbiilfs '1.720.2*1
4.720,281
6.72<>,28l 3.9)9,000
R enew al la n d . ___ . 9,000.000 9.000,000
9,000,000 9,000.000 800 bolder* were pre-cut, Since hi* arrival in this country
M l-eeilenroua............ 4,375,936 4,4*0.909
4.415.030 i t . 199.073 be has, la conjunct! m with Mr. Kiug’s committee, been en
ProBt a n d lo»*. e . t .1.582
6.637,62 i
6,672,733 H .7 5.161 deavoring to get from the receivers a full .statement of the
incom e account. ... 11,*2.8,431 12.0U.705 13,075,058 13,198,528 present position, the history of the floating deb , aud various
matters
Tolal.....................................236,777,826 212,354.311 251.152,056258,012.013bearing on the question of reconsiruction, and this
• Includes tla n 4 91- foe., Kan. C, 91. Joe. & C, B., Chic. Bur. A No., information has D en promised at au early date. The in
structions of his committee were to have a full examination
Chic. h a t . C,* SC 1. K. A No. ff„ and o th ers
t In 1893 m ade up a s fo llo w s: In te re s t due an ti accru ed . 8) ,595,139; by an expert into all the statements submitted.
unp aid vouchers a i d pay roils, $099,50?; e o r ie u t acco u n ts, $ 1 ,601 , 065 .
The general idea of the London commi tee is to m ike the
reorganization on a sound and permanent basis. (1) I’o reduce
American Bell Telephone Co.
fixed charges to a limit of perfect safety, giving bondholders
( F o r the yea r ending December 3 1 , 1M.1.J
for such sacrifice* securities not carrying an anwiat fixed
The annual meeting of this company wa* held in Boston on obligation in the way of interest. (2) To modify obligations on
the 27iti, Tile following summary of the annual report is controlled properties where possible and (3) to assess stock 10
from the Dettori Traveler, the official pamphlet not yet hav per ceDt to pay off floating debt, etc.
ing come to hand. The company had at the close of the last
It inu-ht or might not in bi« opinion, be necessary to resort
fiscal year, December 20, l§83, 566,401 Instruments in the to foreclosure to accomplish this. The present management
hands of licensees under rental, a gam of 13.771 for the year of the company had a meeting with s lin e o'ti-r gentlemen
—the smallest gain since 1885; it has 353,480 miles of wire in recently and they hope through them to formulate a scheme
use, or 45.639 moie than at the close of the previous year. Of which will be acceptable to stockholders and blind holders
this, 214,678 miles are on poles, 16,493 miles on buildings and alike. The names of these gentlemen are good, but tlia
120,673 miles underground. The underground mileage has multiplication of committees is to be regretted.
been increased 30,4*59 miles duiing the year.
Central Pacific.—Regarding the fact that C. P. HuntingThere have been added to the long-distance system during
the year 423 miles of pole line, 9.931 miles of wire, and eight ton, his nephew, H. E. Huntington, Charles W. Crocker and
new offices have been op tied, making in operation on Stephen T. Gage have resigned from the Central Pacific
January 1, 1891, a total of 3,695 miles of poles directory, the following statement was made yesterday by
and 63.529 miles of wire. There are 124 offices Charles H. Tweed, c >uneel for the Southern Pacific Company:
“ It was suggested some time ago by some of the English
under its immediate operation. The larger cities to which
the lines were extended and in which service was opened stockholders of the Central Pacific that they would prefer
daring the year are Detroit, Cleveland, Cincinnati. D iyton that the Central Pacific should have an independent board,
and Indianap dis. The Line from D*ywm to Indiana polls made up of persona who were not directors of the Southern
forms a link in a proposed through line connecting Pittsburg Pacific Company. While we could see no particular reason
and plac-s to the E ist with St. Louis and the principal cities for such a change, we saw, on the other hand, no particular
en route. The line connecting Detroit by way of Toledo objection thereto, and if the changes have been made in the
and Maumee with Cincinnati crosses the above line near directory by the resignation of C. P. Huntington, S. T. Gage,
Dayton and reaches directly, and through such connexion, a O. W. Croker and General Thomas H. Hubbard, such changes
large amount of extra-territorial work of the Central Union bave Den, no doubt, made with the role de*ire i f meeting
Company in the States of Ohio and Indiana, The long-dis the suggestions which have been made by the English stock
tance lu.es now reach and connect the exchanges of twenty- holder*. They can have nothing to do with the lease or the
revision of the lease of the Central Pacific to the Southern
six coropaoie*' licensee*.
The company ha< applied to the Legislature for au’hority to Pacific.”
I*aac L. Peco* lias been elected President of the Central
increase its capital stock, and the reasons therefor are already
familiar to the public. Tue chief purpose is to extend the Pacific, vice C. P. Huntington resigned.
Cincinnati Southern—Alabama Great Smilliern—Cincin
long-distance service through the West and South, and it is
stated that it i* not the purpose to issue any part of thi- stock, nati Hamilton A Dayton.—it is stated on go id auihority
except aa reeded for the development of the business. that Baron Erlanger, now In this country, has c included an
The L>ng Distance Company hud invested up t> Dec. 31, alliance for bis roads with the Cincinnati Hamilton & Day1893, in line construction, equipment and supplies, $6,483,150. ton. This was necessitated by the omi sion of the Cincinnati
The company shows an increase in its gross earnings from Extension bonds from the new Richmond Terminal plan, and
that source in 1893 over 1892 of something like 38 per cent, the terms of the new alliance are briefly given as follows:
“ Under this arrangement a new corporationis to be termed,
the amount for 1894, gross, being 1892.361 62. It will b“
remembered that the gross earnings for 1891 were $137,828 61; whose underlying security will be exactly the same as that of
the Cincinnati Extension mortgage. This plan, which will ba
for 1892, $643,436 77.
550
THE CHRONICLE.
immediately laid before the bondholders, and already has the
assent of a majority of them, contemplates a corporation
■with share capital of $6,000,000 (which is the amount of the
existing Cincinnati Extension bonds), and this corporation
will issue $2,500,000 first mortgage 5 per cent bonds and
$8,500,000 of 5 per cent income bonds. Thus each Cincinnati
Extension bond will receive twenty-five sixtieths of its face
value in first mortgage bonds, thirty-five sixtieths of income
bonds, and 100 per cent of capital stock.
“The first mortgage bonds will be an absolute lien upon all
of the underlying securities. The income bonds rank next,
and after they receive 5 per cent any surplus revenue will go
to the shares. The feature of this transaction, it is urged, is
that the holder of Cincinnati Extension bonds will receive the
market value of his securities in an absolutely first-class
security, which will be immediately marketable, while every
possible present and prospective value of his present securities
is fully retained by him through the income bonds and shares.
The arrangement also further contemplates a practical guar
antee of the first mortgage bonds by the Cincinnati Hamilton
& Dayton Railroad Company.
“From the standpoint of railway interests, the importance
of this transaction will be apparent, causing, as it does, the
Cincinnati Hamilton & Dayton system to extend from its
present northern termini upon the lakes practically to New
Orleans in the South, and to Shreveport and Texas in the
Southwest, advancing it to a rank among the great railway
systems of the country.”
Delaware & Hudson.—The board of directors of the Dela
ware & Hudson Canal Company decided that the new issue
of $5,000,000 of the company’s stock shall be sold at par to the
stockholders. The amount authorized is $5,000,000, to be
used to retire the $4,829,00Gvof the company’s bonds, which
mature in October next. This will leave outstanding only
$5,000,000 of bonds, maturing in 1917, and will increase the
capital stock to $35,000,000.
Fort Worth & Denver City.—It is rumored that the early
payment of the overdue interest on Fort Worth & Denver
City lsts is being considered by the management. The com
pany has funds on hand which it was at first proposed to ap
ply to the purchase of new locomotives. Foreclosure under
the Fort Worth & Denver City lsts cannot be made unless
default is continued for six months. The bonds defaulted on
December 1, 1893.
Georgia Pacific.—Pursuant to the Richmond Terminal
plan an order was obtained at Atlanta, Ga., on March 27 from
Judge Pardee for the sale of the Georgia Pacific Railroad.
The application was made by the Central Trust Company of
New York. It is adjudged in the decree that the entire road,
extending from Atlanta to Birmingham, a distance of 167
miles, and thence to the east bank of the Mis.-issippi River,
making with branches and extensions a system of a little
more than 375 miles, shall be sold at public auction to the
highest bidder. The sale is to occur in Atlanta on a day to
be fixed by the Special Master. The minimum price to be
accepted is $500,000.
L ittle Rock & Memphis.—Bondholders of this company
are arranging a plan of reorganization.' In view of this face
Judge Williams, at Little Rock, Ark., has made an or
der that as some of the coupons on the mortgage bonds that
were due Sept. 1, 1892, were paid, while others remain un
paid, it is necessary to pay the unpaid coupons with interest,
so as to equalize the righis of the respective bondholders be
fore any reorganization can be perfected.
New York & New England.—Judge Wallace, in the
United States Circuit Court is reportei as granting an order
“ that the Messrs. Platt and Marsden, receivers for the New
York & New England Railroad Company, have authority
to execute and deliver bonds for the conduct of the business
of tbe receivership, and to obtain thereon as guarantors both
individuals and surety companies, who shall be indemnified
against liability, the bonds of indemnity being the obligations
of the receivership.”—[This is obscure and will probably be
more clearly stated hereafter.]
—In regard to the Providence & Springfield bond decision
reported last week in the papers and copied in the C h r o n i c l e ,
a subscriber sends the Providence Journal report as being the
correct version. This states that a rescript was handed down
in the appellate division of the Supreme Court in regard to
the Springfield bonds, in which the Court overrules both the
v demurrer filed in behalf of the city of Providence and the
non-joinder of the Providence & Springfield Railroad Com
pany. This rescript, says the Mayor, is authorized to guaran
tee the payment of the bonds only by and with the advice of
the committee on the city debt. Therefore the committee on
the city debt were properly made parties to the bill. Their
demurrer to the bill is overruled.
The bill avers that the bonds have all boen sold and negoti
ated. If this be so the Providence & Springfield Railroad
Company have ceased to have any interest in the bonds and
no relief being prayed against it, the complainants could not
properly have made it a respondent.
If the Providence & Springfield Railroad Compauy are still
the holders of the bonds, as alleged, when that fact appears it
may be permitted by the Court to become a party to the suit,
if the complainants do not voluntarily amend the bill by
making it a party.
Northern Pacific.—The receivers of this road have filed in
he U . S. Court at Milwaukee a consolidated statement of the
fv o i.. l v i i i .
condition of the railroad up to Dec. 1. 1893. The statement
is in the form of a balance sheet:
Assets.—Railroad equioment. lands and branch roads, bonds
of which are owned, $212,398,088; contingent assets, $16,160,297; sundry stocks and bonds owned, $17,853,865; trust and
other accounts per contra, $79,587,545; amount in hand and
due trustees, $807,897; deferred payments, account land sales,
$5,238,108; cash, $1,911,927; material and supplies on hand,
$1,614.91)2; bills and accounts receivable, $3,110,338; total,
$341,710,530.
Liabilities—Capital slock, $35,026,423: funded debt, $139,567,500; contingent liabilities. $15,349,000; truw and other ac
counts per contra, $79,587,545; interest on funded debt on
branch road bonds, rentals, taxes, &c., $5,827,857; accounts
payahle, $5,202,870; bills pavable, $2,389,165; amounts uncol
lected on lands sold. $2,995,778; profit and loss, $5,764,385;
total, $341,710,530. The value of the railroad, the Northern
Pacific; proper and its lands, according to Schedule “A.” is
$155,065,844; of the equioment, $21,704,113; of the real estate
and other property, $542,281; of sundry branch roads and
surveys. $263,441, and the branch roads, the bonds of which
are owned hy the Northern Pacific, $34,820,407, making a
total of $312,396,088. The bills payable on August 15. 1893,
amounteci to $6,260,151 and are now as above, $2,389,165.
Philadelphia & Reading.—The statement of earnings for
February and for the three months of the fiscal year begining
with December 1, compared with the same periods in the
previous year, shows the following:
.------- February.-------- . ,---- Dec. 1 to Feb. ’ 8.— ,
2
1894.
1893.
1892 93.
1893-94.
$
$
$
*
G ross receip ts.............. . 1,631,347 1.279,618
5,105,495
4,426,424
O perating e x p e n se s___ 1/203,455
3,499,062
805,944
2,667,676
R a il r o a d C o m p a NY-
Net en m in e s ............
O ther n e t re c e ip ts ........
427.892
18,056
473.674
14,163
1,606,433
109,144
1,758,748
162,024
T o ta l.......................... .
445,948
487,837
1.715.577
1.920.772
E quipm ent pay m en ts. Terminal tra e lra se ........
Im p ro v em en ts...............
P ro p o rt’n y e a r’s ch’ges .
332,819
116,658
50,000
50,709
720,000
617,077
346,017
150,000
101.477
2.160,000
Deduct—
6.943
718,679
6,943
2,156,036
T o ta l......................... 1,058,441
937,367
2,780,056
2.757,494
B alance............................ df.612,493 d f.449,530 df. 1,064,479 df. 836,722
C o a l & I r o n C o .......
G ross re c e ip ts................ 1,918.971 1.480,069
5,506,965
5,343.76*2
O perating ex p en ses_ 1,948,475 1,559,917
_
5,373,526
5,253,619
N et earn in g s............ def.29,504 def.79,848
Deduct—
Colliery im provem ents.
58,928
25,649
P e rm an ’t im provem ’ts.
3,469
910
P ro p o rt’n y ear’s ch’rges 108,320
108,320
133,439
90,143
189,515
17,911
324,961
99,373
5,191
324,961
T otal.......................... 170,717
134,879
532,387
429.525
B a la n c e .......................... df.200,221 df 214,727 def 398,948 def.339,382
P . & R. AND C. & I. Co.—
B alance of C. A I. Co ..df.200,021 df.214,727 def.398,948 def.339,382
B a la n c e d R ailroad Co df.612,493 df.449,530df. 1,064,479 df. 836,722
Bal. b o th c o m p an ies.d f 812,514 d f.6 6 4 ,2 5 7 d f.l,4 6 3 ,4 2 7 d f.l,1 7 6 ,1 0 4
—President Harris of the Reading has written the following
letter in answer to inquiries made of him :
T he sta te m e n t th a t th is com pany h as one h a lf of all th e a n th r a c ite
coal in th e U nited S ta te s is, like a g re a t m an y o th er sta te m e n ts float
ing about, q u ite incorrect. The only carefu l and thorough estim a te
e v er m ade of th e p obable am o u n t of coal in th e h ead in g Com pany’s
land, w hich estim ate w as m ade by tb e ir ow n engineers in 1880, esti
m ates th a t they c o n ta in betw een 33 and 34 p er c e n t of th e to ta l a n
th ra c ite to n n ag e in P ennsylvania, in 1887 th e R eading C om pany
did send nearly one-third of th e a n th ra c ite to m arket, b u t th e y e a r be
fo re it se n t less th a n 27 p er cent, and tbe y e a r a fte r it s e n t ab o u t 29
per cent, so th a t 1887 c a n n o t be ta k e n as a fa ir te9 t of th e relativ e
p roductiveness of th e R eading p ro p erties a t th a t tim e.
T he table below sh o w s th e av erag e am o u n t of coal c a rrie d hy th e
R eading an d o f th a t se n t fro m th e w hole a n th ra c ite region.
Average
Reading tons.
Average total
anthracite totts.
Percenlage~
1869-73.............................. 5.050,796
17,333,164
29
1874-78.............................. 5,447,398
19,394,631
28
1879-^3........................
6.947,459
27,750,746
25
1834-88 .............................6.999,305
33.479,958
21
1890-93................... .......... 8,246,733
39,557,105
• 21
You will see th a t on th e w hole th e R eading to n n ag e is g aln iu g .
th o u g h not in th e sam e pro p o rtio n as th e to ta l, i t h av in g in crease d 63
p e r ce n t in 20 years, w hile the, to ta l a n th ra c ite pro d u ctio n has in
creased 128 p er cent. T his is du e n o t. as is so freo u e n tly u rged, to un
faith fu ln e ss on th e p a r t of th e persons who a re m anaging th e R eading
p ro p erties, b u t to a v a rie ty of causes.
A s a rule tbe coal lies m uch deep er in the R eading’s te rrito ry th a n in
th e o tb e r coal fields, is m ore diflicnlt an d m ore expensive to m ine, is
a s so c ia te d w ith m ore sta le and o th er re fu se w hich req u ire to be se p a r
ate d from it, and tb e m ines re q u ire m uch m ore pum ping an d m uch
m ore tim b er to keep the p assag es open All of thi-so reaso n s han d icap
th e R eading, because th e y m ake its coal m ore expensive, and the ad
v an ta g e of lale y ears h a s been w ith the n o rth e rn com panies, whose
coal w as m ore cheaply m ined an d whose colliery openings w ere m ore
cheaply m ade. The R eading h a s also been h an d icap p ed by its enorm
ous debt, so th a t i t w ould h ave been foolish a t any tim e for it to have
gone into th e m a rk e t to m ine coal regardless of tb e price a t w hich it
m u st h e sold, an d th is p rice could n ot h ave beeu m ain tain ed w ithout
v ery conservative an d lcarefu l h a n d lin g on th e p a r t of th e R eadiug.
The R eading Com pany does control m o st ol' th e Lykens Valley coal
and m ost of th e Schuylkill red ash, b u t th e re is n o t a g re a t deal of the
la tte r. The R eading’s facilities for m ining au d tra n sp o rtin g coai are
fa irly ab re a st of its p re se n t o u tp u t, b u t n ot m uch iu excess of th at.
T be cost would be ru in o u s if we w ere to a tte m p t to open m ines In ad
vance of ou r ability to m a rk e t coal. E v ery effort will be m ade to de
velop and ex te n d ou r business, an d i t is b u t fa ir to say. in re g a rd to
form er m anagem ents of th e com pauy, th a t ev ery one fo r tbe p a s t
tw e n ty years h as done th e sam e tiling. When you consider th a t it
ta k e s an ex p en d itu re of ab o u t iSl.Oi.'O.OOO an d tw o o r th ree y ear’s
tim e to g et ready to produce 1.000,0 0 to n s of oual an n u ally , you
w ill see th a t i t is n o t the easy tiling th a t the new spapers generally
assum e it to be to rap id ly in crease tb e production.
g p
F o r o tta e r l t e m s o f I n v e a t iu o u t N e w s s e e p a ;it 5 5 6 .
THE CHRONICLE.
March 81, 1884,]
RE V E N U E.
G ross v. armings .............................................*........................810,032,017 53
Ope r a t in g e x p e n s e s , in clu d in g t a x e s .............................. 7,199,460 32
P ro p o rtio n of ex p en ses to earn lu g s, 72 p e r cent.
i l c p a t t s a n d U o cum cu ts.
NORFOLK & WESTERN
RAILROAD.
N et e a rn in g s......................................................................... $2,833,457 21
Oth e r incom e —in te re st, dividends, &0. ............................
141,XS9 67
THIRTEENTH ANNUAL REPORT — FOR THE TEAR
ENDING DECEMBER 31, 1893.
To the Shareholders o f the Norfolk *cfc W estern R a ilro a d Co.:
The Board of Directors herewith submits its Report of the
operations of the Company for the year ending Dec. 31, 1883 :
PR O PERTY .
Tour Company bad in operation 1,556 miles of railroad,
which were maintained in good condition throughout the
year. Whilst the Ohio Extension was sufficiently completed
to permit of its operation in November, 1892, the work of
ballasting, ditching. &c., necessary to its final completion was
continued though the greater part of the year 1893. A few
shott spurs or branches to mining operations, and to the
Matbieson Alkali Works, at Saltville. Va., the whole aggre
gating 5 miles in length, were completed, also 20*39 miles of
sidings, including 10W1 miles on the Ohio Extension and 6 43
miles on leased hoes.
Your terminals at Columbus, Ohio (The Columbus Connect
ing & Terminal Railroad), described in the last annual
report, were completed and put in operation July 1st, 1893,
and contracts have since been made for their use. jointly with
your Company, by the Columbus Sandusky & Hocking and
the Cleveland Akron & Columbus railroad companies.
The Roanoke & Scutheru Railway, leased by your Com
pany, completed its Castle Rock Branch, 2*79 miles in length,
to an iron ore deposit, from which extensive shipments are
now being made.
At the clo-e of the year, including the short branches
completed during the year, the leng'h of line in operation
was 1,566*54 miles, as follow s:—
i l a in Line.
Mile*.
Mites.
L amberts P o in t . No r v o ik
R o a k o &b t o
to
B r ist o l . ..................
HUokkstow * ................... ....... ..............
8 r »i c h e » ....... ............................. . . . ------ . . .
Cr ip p l e C r e e k
Ju sen o sT O
I r o n R i d g e ................ ..
R a d f o r d t o c o l u k b c *....................... .............................. ..
35*37
19 20
412 32
238*11
45*19
22*3*
32 36
15-78
401*87
100*40
I,l9 7*s9
125 90
.......
1,323 85
T h is C o l c m bum C osurecnjiG A T s b m i x a l R R . . . . . .
T h e L r » € t i » n t G A i h k i u w K * j l « o a i »:
I.mCMBI Uft TO D tT H H A * .............. .........
T h e R o a n o k e A B O O TH B a a K a i l w a t :
R o a n o k e t o W i n s t o n -S a l e m . . . . . — . .
115*09
T otal
Ltetitd IAnea—
M
m ite *
o w n e d ................
T o tal m i l e * o p e r a t e d . .........................
I n a d d i t i o n to w h ic h t h e r e is o f
O D ao T rack :
L amberts P o in t t o N o n r o tK ........... . ..
3*51
121*30
2*79
1.566*54
MUm-
3 87
C H R IS T IA N S S C R O t o R a d v o r d .......... . . .
B L O E V IE L I i t o BLCESTO M E 3 U N CTIO N _
_
12 66
10*97
T o ta l second tr a c k . . . . . . . . . . . . . . . . . . . .
49 34
Jmo S id in g s :—
Oo U ses o w n ed ..... ..................
...3 9 3 -3 !
OB leased lin e*............................................
26 60
T o tal # td to ir» ............. ......................... .414*91
ROLLING STOCK.
During the year the following additions were made to the
rolling stock of the Company :
3 4 locom otives,
16 p*»«en«er cosches, and
3816 irelebt an d o th e r ears.
and at the close of the year the rolling stock consisted of
410 locom otive*.
261 paw iensrr reaches,
17.467 tretisln so d other ears.
.
The following com parative statem ent shows the number of
engines and car* in service at the close of each year per milk
of completed road:—
I* » , I'M tM t. I88S. tSM
S.
1 .mii
,1
Locomotive t o mtla of toed.. u
Psm snssr car to mU» of twel *11
P lig h t
other cars to mile
n t rrmd. .......... ...................... 7*2f
m «4
t» -n
I t I*
1*». 1891. 189*. W
HS.
m m t,m u*o
.»
so
t» *31
*H I t
IS *l«
7-90 10*09 1JNXJ 1* 3$ 10*4fl 1102
vm
*«
*16 17
„ „
iim
is
» * « 11*15
The average mileage of Passenger Engines during 1893 was
117 .13 miles per day per engine as compared w ith 120*08 miles
in 1892, and of Freight Engines 80*16 miles per day per engine
a* compared with 80*54 miles in 189*2.
The average mileage of Freight Cars of all kinds during the
year was 83*24 miles per day per car as compared with 35*86
miles during the preceding year.
The decrease in the average engine and car mileage waa
due principally to the curtailm ent of train service on account
of reduced traffic.
T he a v e r a g e n u m b e r o f to m
551
o f p a y i n g f r e i g h t tr a n s p o r t e d
in each car during 1893 was 1*11 tons as compared w ith 18*19
to r . h i r in g th e p r e v io u s y e a r .
T otal I n com e .............................................................
D
$2,974,346 88
e d u c t in t e r e s t c h a r g e s:
On funded d e b t.......................................... 82,651,619 04
O n e a r tr u s t o b lig a tio n s.................. .........
170,320 88
I n te re s t an d d isc o u n t, in clu d in g in te r
e s t on co llateral loan ...........................
187,278 23
T o ta l in te re s t ch arg es ....................... ...... $3,009,21S 15
R e n ta ls of leased lin e s..............................
6 4 ,8 7 1 1 1
T o ta l ilxed ch a rg e s......................................................
3,074,089 26
Deficit........... ................................................................................
S urplus incom e acc o u n t, D ecem ber 31st, 1 8 9 2 ...............
$99,742 38
*994,539 57
S n rp ln s D ecem ber 3 1 .1S93........... .........................................
T here w as used fo r the p u rch ase of bonds u n d er the
Sinking F u n d clause of th e E quipm ent M o r tg a g e ___
$894,797 19
Surplus incom e D ecem ber 3 1 st, 1 8 9 3 ..............................
$752,692 19
142,105 00
* See C om ptroller's S tatem en t.
During the year 1893 the monthly gross earnings, as com
pared with the previous year, fluctuated between iocreases
and decreases in a manner unprecedented in the history of
your Company, and unusual fluctuations occurred in both
passenger and freight earnings considered separately.
During January and February the exceptionally severe
weather caused a decrease iu gross earnings, and for the two
months the decrease, as compared with corresponding period
of the previous year, amounted to 621,789.
With better weather the gross earningsfor March increased
4167,263; for April, 4130,372; and for May, 4159,565, the
increase for 5 months being 4444,351. The financial stringency
then began to affect the traffic of your Company, but the
gross earnings continued to show increases until the close of
July, the increase for the 7 months being 4494,192, but a
decline commenced with August both in passenger and freight
traffic, culminating in September, in which month the gross
earnings decreased $142,917, and continuing until the close of
the year, when all but $79,735 of the gain in gross earnmgs
previously made had been lost.
The gross earnings for 1893 were $10,032,617 53, being an
increase of $79,753 84 over 189*2. But the gross earnings of
the 193 miles of the Ohio Extension were $457,041 59, showing
that the gross earnings of the older portions of the line
decreased $377,305 75.
Your Company operated 1,556 miles during the year, as
compared with an average of 1,308 miles during the previous
year, and this additional 248 miles caused an increase in the
operating expense* $167,788, but owing to the economies
practiced there was a reduction in operating expenses per
mile of $749. being $4,627 per mile for the year 1893, as com
pared with $5,376 per mile in 1892.
The net earnings decreased $88,052, the net earnings per
mile being $1,821 as compared with $2,233 during the preced
ing year, a decrease per mile of $412.
The tot il interest charges and rentals for the year were
$$,074,089 26, as compared with $2,473,761 36 for 1892, an in
crease of $599,327 90, which includes interest for the full year
on the $6,'J00,000 of 100-year bonds issued for the Ohio Exten
sion, and interest on the co*t of improvements and additions
completed during the year, and new car trusts. The interest
charges were $90,742 3 9 in excess of the net income, and re
duced the surplus income at the close of the year, after de
ducting sinking fund requirements, to $752,692 19.
The income of the Roanoke & Southern and Lynchburg &
Durham railroad companies, payable to them as rental under
the term* of the leases, was insufficient to meet the respective
interest payments of those lines for the year. The aggregate
of their interest payments was $71,145 and the amount of
rentals $73,639 42, leaving a deficit of $35,485 58, which was
advanced by your Company. There was also advanced for
construction work and for the maturing principal of Car
Trusts the further sum of $72,735 06. These advances are
charged against the leased companies, and will be. repaid by
them from subsequent earnings or settled for in bonds or
stock,
A comparison with previous years is shown in the follow
ing statem ent:
VUes G framings Net framings
ross
Operated.
per milt.
per mile.
Are**.
Tear.
1 8 8 5 ...............................
1 * 8 6 .....................................
1 8 9 7 .....................
1 8 8 8 ....................................................
1889
...................
1890
......................................
1 8 9 1 ....................................................
1892
.....................................
1893
....
503
507
527
542
591
826
1 ,0 * 1
1 ,3 0 8
1 .5 5 6
* 5 ,5 0 9 19
6 ,1 1 4 3 1
8 ,0 7 3 6 1
9 ,0 3 9 8 5
9 ,4 7 0 6 0
9 ,1 5 4 8 6
8 ,4 2 1 6 7
7 .6 * 9 2 4
6 ,4 4 7 7 0
# 2 ,2 3 0 2 8
2 ,5 4 6 6 4
3 ,3 6 0 5 5
3 ,5 0 1 2 4
3 ,5 7 6 6 0
3 ,2 9 6 9 8
2 ,9 1 3 1 8
2 ,2 3 3 3 4
1 ,8 2 0 8 0
The results of operating your lines for a series of years are
shown by the following comparative statem ent:—
) > fir.
1 8 85..
1896..
1 8 97..
1988..
1889..
1 -9 0 ..
1 8 9 1 ..
1992..
191*3.,
(frost framings.
.. #2,771.120 87
..
..
..
..
..
..
..
..
3.252,056
4,254,794
4,899,598
5.597,124
7,561,915
9,188,012
9.952,881
10,032,017
59
03
89
53
97
01
69
52
Oper. Expenses.
$1,649,291 68
1.960,909 36
2,483,790 21
3.001,927 13
3,483,352 41
4.939,610 IB
6,009,767 23
7,031,672 06
7.199.160 32
Net Earnings.
$1,121,829
1.291,147
1,771,013
1,897,671
2,113,772
2,723,305
3,178,274
2,921.209
2.833,157
19
23
82
76
17
48
78
03
21
THE CHRONICLE.
552
[VOL. LYII1.
The traffic and revenue is shown separately for passengers
The Coal and Coke transported over your line during 1893
(including 555,114 tons used by your Company) was 3,963,877
and freight in the following tables : —
tons, an increase of 297,144 tons as compared with the previPA SSEN G E R T RA FFIC .
ous year.
E arn ings.
Passengers Carried.
The growth of this traffic is shown by the following:
T ear.
Local.
365,896
..
..
382,0*2
535,:*97
..
744,209
808.S09
..
1,477,24 3
..
1.855.8W 1
..
2.198.06
..
2.025.287
..
18 8 5..
15 5 0..
1 8 8 7 ..
lHSS....
1839..
18 9 0..
18 9 1..
18 9 2..
1 8 9 3 ..
. \
U.S. Mails,
Through, jExpress,Ac
Local.
Total.
T firo-h|
1
1
22.191 ’ SS8.087
18.187 400.209,
23,354 553,9511
20,1*79 771,248
3S.117, 841.1*80,
41,993! 1,519,231
31,08111,887,522
84.240,2,232,909
27,10 -'2.052,3871
*
387,687 62
422,811 42
590,609 49
754,802 08
802,387 64
1,436,010 08
1,645.089 47
1,707,990 10
1,561,851 01
$
70.757 77
03.419 931
94,587 14
100,975 22'
137,917 08
17*4,250 28
174.503 60
172,923 47!
159.343 48
*
121,323 34
125,182 11
120.834 43
140.772 52
157,502 42
2 2 1 ,8 7 1 2 2
278,132 59
808,710 50
323,05710
T otal
*
579,768 73
611,363 46
812,091 06
1,002,550 67
1,097,867 14
1,834,131 58
2,097.725 72
2,189,536 13
2.044,851 65
As compared with the previous year the earnings from
Local passenger traffic decreased 9 per cent, and the earnings
from Through passenger traffic decreased 8 per cent.
During January and February, whilst the freight earnings
showed a decrease aggregating 831,839, the passenger earn
ings showed an increase, which continued to the end of April,
then amounting to §44,235.
After April there was a steady decrease in passen ger earn
ings and the gain of the first four months was lost, and at the
close of the year the decrease aggregated §144,681.
F R E IG H T T R A FFIC .
Tons o f Freight Carried.
E a rn ings.
Year.
Local.
1 8 8 5 ..
1 8 5 6 ..
1 8 8 7 ..
1 8 8 8 ..
1 8 8 9 ..
1 8 9 0 ..
1 8 9 1 ..
1 8 9 2 ..
1 8 9 3 ..
Total.
Thro’ ti
957,709
..
..
1,266,601
1.829.516
..
2.368.219
.
2,892,045
..
4,370,716
..
5,090.391
..
5.94*271
..
5.683,489
..
242.081
289,260
3/9,1 7 2
400,157
543,752
688,379
707,550
070,456
642,246
Local.
1,199,790
1,555,8-57
2,208,083
2,763.376
3,435,797
5,C59,595
5,797,941
0,024,727
6.325,735
%
1,453,124
1,778,457
2,531,581
2,979,563
3,390,720
4,494.965
5,590,322
0,331,1*8
10,550,761
Through.
*
01 684,995
28 812,369
27 873,688
23 840,003
13 0 ,0 2 0 .5 9 4
78 1,141,251
91 1,389,806
01 ',8 0 3 ,0 4 2
18 1.323.012
97
36
84
46
07
33
78
48
23
M iscell
aneous.
*
53,232
49,800
37,482
76,881
81,942
91,567
110,180
129,115
113.992
16
19
8o
53
64
28
60
07
47
Total.
$
2,191,352 14
2,640,693 13
3,442,7U2 97
3 ,S97,048 22
4,499,257 44
5,727,784 39
7.090,316 29
7,763,345 56
7,987,765 88
At the close of February there was a decrease m freight
earnings of §31,839, but beginning with March the freight
earnings increased largely, the increase for March being
§154,205, and for the 6 months ending June 30th, §480,281, the
highest increase for any one month being in May, §161,619;
but after the decline set in the decreases continued until the
end of the year, at which time the increase in freight earnings
was reduced to $224,420.
The earnings from Local Traffic, th at'is passenger and
freight traffic originating at, or destined to, points upon your
line, were 84 6 per cent of the aggregate earnings.
Comparative tables of passenger and freight statistics for
several years are given below
PA SSEN G E R STATISTICS.
Number o f
Passengers.
Year.
1885..............
1886............ .
1887..............
1888..............
1889..............
1890..............
1891..............
1892..............
1893..............
Passenger
M ileage.
Earn’gs Expenses Profit
Per
Per
Per
Pass'ger Pass*ger Pass’ger
Per Mile. P er Mile. Per Mile.
Cetits.
Cents.
Cents.
388,087
400,269
558,951
771,248
841,986
1,519,231
1,^87,522
2,232,909
2.052,387
19,151,534
19,580,000
26,703,579
35,385,815
36,392,466
64,086,450
71,394,761
76,530,531
70,593,740
1-777
1-943
1-733
1-563
1-819
1-619
1-867
2-031
2-235
E arn’gs Expenses Profit
Per Ton P er Ton Per Ton
Per Mile. P er Mile. P er Mite.
Cents.
Cents.
Cents.
3-027
3-122
3-041
2*833
3-017
2-862
2-938
2-861
2-897
F R E IG H T STATISTICS.
T ear.
Number o f
Tons.
Tonnage
Mileage .
1885............
1886............
1887..........
1888............
1889............
1890............
1891............
1892............
1893............
1,199,790
1,555,867
2.208,688
2.763,376
3,435,797
5,059,595
5,797,941
6,624,727
6,325,735
295,788,872
403,008,903
541,917,945
669,526,740
819,160,394
1,003,872,726
1.292,984.631
1,444,835,620
1,554,938,009
0-741
0-655
0-635
5-582
0-549
0-571
0-548
0-537
0-514
0-443
0-392
0-373
0-366
0-344
0-379
0-361
0-379
0-362
1-250
1-179
1-308
1-270
1-198
1-213
1-071
0*30
0-662
0-298
0-263
0-262
0-216
0-205
0192
0-187
0-158
0152
The average rate per ton per mile during the year was 0-514
cents, a decrease, as compared with the previous year, of
0-023 cents. The average expenses per ton per mile were
0’362 cents, a decrease of 0-017 cents as compared with the
previous year.
M INERAL T R A FFIC .
The mineral traffic decreased during the year 205,747 ton
as compiFid with the previous year. The volume and diver
sified character of this class of local traffic is shown in th
following statement
8
—
t
T ear.
1882
1883
1881.
1885..........
1880..........
1 8 8 7..........
1 6 8 8 ........ .
1889
1890
1891
1892
1893
Iron
Ore.
........ | 1,399
........ 51,915
49,302
00,825
65,851
128,090
195.350
..........................
249.374
..........................
■J80,98t
..........................
539,339
..........................
0)8,757
485,851
..........................
PlQ
Iron .
Coal.
Tons.
Tons.
13,372
4,735
24,011
54,552
28,591 153,229
23,209 499,138
34,917 739,018
40,042 992,260
95,389 1,343,312
101,215 1,543,900
235,8 U 1,892,909
283,590; 2,341,226
417,011 2,036,078
296.2571 2.809.215
Coke.
Z in c, Other
Ore A [M inerSpelter] als.
Totals.
Tons. Tons. ! Tons.
Tons.
0,181
3,302 19,262
48,311
23,702 20,217
777
-----23,113
198,947
50,300 27,718
1,185 30,991 347,370
48,571 I 15,623
1,021 30,884 685.271
59,021 24,451
1,437 30,671 901,300
151,171 30,948
8,577 59,255:11,417,549
202,808 49,573 15,479 58,504 1,
1,960,415
810,504 87,965 15,293 0 8 ,500!2,
5,430,757
499,148 187,683 14,420 247,821 3,
5,558 809
460,010 247,803 18,672 258,178 4.,154,884
■199.777 301,903 22,805 245,075 4,,805,601
539,548 208,513 19,924 178,00014:
,599,911
Tons.
Tear.
Tidovater.
Tons.
1883...............................
1884........................
1885......................
.......... 373,240
1886........................
1887..................................
1888......................
1889.................
1890...................
...........1,291,576
1 8 9 1 ............
......... 1,678,806
1892..............
1893.....................................
Line Trade.
(Local.)
Tons.
105.805
272,178
273,741
360,286
566.719
781.949
988,803
1,418,371
1.6 *3,865
1,784,246
1,891,751
Total Coal
and Coke.
105,805
272,178
651,987
929,635
1,308,594
1,770,791
2,124,249
2,709,947
3,282,671
3,666,733
3,963,877
The continued increase in local consumption of coal and
coke is particularly noticeable and gratifying.
Ores a n d I ron.—The shipments of iron ores were 485,851
tons, a decrease of 132,906 tons, or 21 per cent, as compared
with 1892. The shipments of pig iron were 298,257 tons, a
decrease of 119,354 tons, or 29 per cent, as compared with
FIN A N CIA L.
To provide the additional rolling stock needed for the an
ticipated traffic from the Ohio Extension, §900,000 5 per cent
gold car trust bonds, secured upon rolling stock costing $999,917 50, were issued under an indenture dated January 3d, 1893,
to the Fidelity Insurance,Trust and Safe Deposit Company of
Philadelphia, trustee, and there were also issued, mostly
under contracts negotiated prior to the close of the year 1892,
Car Trust obligations, maturing in 10 years, to the amount of
§1,192,599, for new rolling stock costing §1,325,110.
Of the Equipment Mortgage bonds of 1888 reserved to take
up the principal of old car trusts, §65,000 were sold for that
purpose during the year.
Under an arrangement previously madp, there were dis
posed of during January and February, 1893, §300,000 of the
Company’s 100-year mortgage bonds.
It was stated in the last annual report that arrangements
would be made during 1893 to fund the collateral loan of
§2,000,000, bills payable amounting to §788,928. and also $525,000 convertible debenture bonds, maturing January 15, 1894.
To accomplish this purpose, as well as to meet the obligations
incurred in properly completing the Ohio Extension and the
Columbus Terminals, to provide for the cash requirements
due on car trust obligations and new rolling stock, and for
working capital, an offer to the shareholders of §5,000,000 of
the company’s 100-vear mortgage bonds and §5,000,000 o f
preferred stock was made under the circular of June 1, 1893.
A ll the bonds and shares not taken by the shareholders were
taken by a syndicate who had agreed to purchase the bonds
and shares not subscribed for by the shareholders. At the
time of effecting the transaction it was believed that
ample provision had been made for the company’s
financial requirements, including the retirement of
all floating indebtedness and for working capital. The
then earnings and prospects of the company, the
net earnings for the preceding three months having
shown an average increase of $63,159 per month, appeared to
warrant the conclusion that the surplus income over fixed
charges for the year 1893, notwithstanding the increased in
terest payments, would equal, if not exceed, the surplus in
come of the preceding year, but the money panic which com
menced in June, immediately after the execution of the co n
tract with the syndicate, produced an immediate shrinkage
in railroad earnings throughout the country, and your Com pany suffered in common with all other transportation com panies, and at the close of the year your net earnings, instead
of showing the anticipated increase, had decreased $S8,051 82,
and instead of having a surplus of income, the net income
was $99,742 38 less than the fixed charges, and at the close of
the year your Company still had a small floating debt, against
which, however, your Company had in its treasury ample a s
sets, as shown on the balance-sheet hereto annexed,
From the sales of the securities above enumerated, the fol
lowing payments were made prior to December 31st;
C ollateral L o an .....................................................................................$2,000,000 00
Bills payable..........................................................................................
400,009 55
C onvertible D eb en tu re B o n d s.........................................................
86,000 00
Ohio E xtension C o n stru c tio n ........................................
681,784 89
B e tte rm e n ts and A dditions............................................
241,552 81
R olling S tock........................................................................................ 1,111,863 30
P rincipal of Car T ru st O b lig atio n s................................................
425,482 66
Colum bus T erm inals (C. C. A T. RR. Co.)....................................
210,000 CO
T o ta l...........................................................................................$5,162,693 21
Under the sinking fund provided for the retirement of
bonds under the equipment mortgage of June 1, 1888, the
trustee purchased and canceled during 1893 §162,000 of such
bonds. The total amount of these bonds so purchased and
canceled to the close of the year 1893 was §585,000.
The §496,000 second mortgage 8 per cent bonds of the Nor
folk & Petersburg Railroad Company, which matured July 1,
1893, were extended to July 1, 1900, at 5 per cent interest per
annum, resulting in an annual saving in interest payments of
§14,880.
At the close of the year your company had §1,300,372 32 in
cash, of which there was set aside for specific purposes
§149,727-24, leaving §1,150,645 08, of which §439,000 was re
quired for the payment of the remainder of the convertible
debenture bonds maturing January 15, 1894, the balance,
§711,645 08, being available for interest and other payments,
THE CKROJSlCLE.
M arch 31, 1S94.]
553
CHANGES I S ORGANIZATION'.
your Company during 1893 succeeded iu securing a fairer
share of this traffic, the increase over 1892 being 91,964 bales.
* The first year’s operation of the Ohio Extension indicates
clearly the important bearing it will have upon the traffic and
revenue of your Company, especially in coal, coke and lumber
shipments; the coal shipments over the extension amounted
to 94,715 tons and the coke shipments to 167,724 tons. The
introduction of Pocahontas coal and coke into the Western
markets will lead to as important results as those which fol
lowed their introduction into Eastern markets and large in
creases in your Company’s coal and coke traffic may there
fore be expected.
Thirty-five saw-mills were erected along the line of the Ohio
Extension, and large quantities of lumber were prepared for
market, but shipments were postponed untD more favorable
CONNECTIONS.
conditions prevailed. Your Company, however, will ulti
The volume of the through traffic interchanged with con mately receive for transportation all this lumber, as well as
necting lines was adversely affected by the trade conditions of the current output of these ini lie.
Several cannel and gas coal mines have been opened upon
the year. The number of tons of through freight transported
during the year amounted to 6-12,246 tons, a decrease of 34,- the Ohio Extension, and considerable traffic from this source
210 tons as compared with 1S92. The through freight traffic, may be anticipated.
Coal shipments from your Clinch Valley Division also in
however, was hauled a greater average distance in 1893 than
in 1892, and consequently yielded larger gross earnings, the creased during the year the total coal mined and transported
revenue being $ 1,323.012 as compared with $1,303,042, an in on that division being 188,803 tons, an increase of 69,906 tons
crease of §19,970. The through passengers carried iu 1893 over 1892.
Tiie salt department of the Mathieson Alkali Works, at
amounted to 27,100, as compared with 34,210 in 1892, a de
crease of 7.140 passengers, and the earnings from through Saltville, was completed at the close of the year, and will be
iu operation in March, 1894.
passengers decreased §13.580 as compared with 1892.
The new warehouses at Lambert’s Point have well served
The gross revenue from through passenger and fre ight traffic
amounted to 81,483.355,71, an increase of §6,389 70 as com the purposes for which they were erected, as by reason of
their advantageous location, traffic has been handled expedi
pared with the previous year.
tiously and economically.
CONCLUSION.
Whilst the business outlook is still uncertain, and no relia
At no time in your Company’s history has business depres ble forecast can be made as to the traffic and revenue to be
sion been so widespread and severe as during the last half of anticipated during the coming year, some encouragement
the year 1893. All commercial and industrial interests were may be derived from the fact that by reason of the economies
affected, causing a decrease in the volume of passenger and which have already been made, and others to he made, your
freight traffic, as well as a decrea«* iu the average rate per Company’s operating expenses will be materially reduced, so
passenger and per ton per mile. The numher of passengers that with gross earnings no greater than during the past year
carried decreased 180.522. and the number of tons of freight there should be an improvement in the net results. So far aa
transported decreased 298,992 tons. The gross revenue from at present contemplated, your system is complete, and your
passengers decreased §144,684 48. The gross revenue from property in good condition, and as no improvements nor ad
freight traffic, owing loan increase of 27 80 miles in the aver ditions are at present required, the fixed luterest charges for
age haul per ton. increased §224,420 32. This enabled the the year are not likely to increase.
Company to continue its record of an uninterrupted increase
The Treasurer's condensed balance-sheet, and a statement
in gross earnings from year to year since 1884, the increase in and description in detail of the funded debt and rolling stock
earnings for 1893 as compared with the previous year [ obligations of the Company, together with balance sheets of
j §79,785 84. By reason of the 248 additional miles oper-1 the Auxiliary Companies, is hereto appended. For full stat
ated the operating expenses, notwithstanding the many econ-1 of the Ofierations of your line you are referred to the
istics
omtes instituted, increased §167,787 66.
reports of the Comptroller and of the Vice-President and
For the first time since the organization of your Company ) General Manager, which will be published in connection with
there was a decrease in the mineral traffic of your line a* 1 this report.
compared with the previous rear. The total mineral traffic
The Board takes pleasure in acknowledging the ability and
for 1893 was 4.599,914 tone, a decrease of 305,747 tons as com -1 fidelity with which the officers and employes have discharged
pared with 1893.
the duties intrusted to them during the year.
Notwithstanding the discouraging features and unsatisfac
By order of the Board.
tory results of the year, some noteworthy facts give encour
F. J. KIMBALL,
agement for the future. Despite the extreme depression and
P resident.
consequent low prices in the iron trade, 5 out of 18 large iron
furnaces upon your line continued in successful operation
N t —This preliminary
informa
during the year, demon. Crating the fact that iron can tie made tiononle .shareholders prior toreport is printed for thebe held at
the annual meeting, to
in Virginia in raceeawfol competition with the other iron pro Hoemoke. Virginia, Wednesday, May 2d, 1893. The full re
ducing regions of the conn try. The economies necessitated port. containing complete statistics as furnished by the heads
by the low prices enabled ores to be mined and coke and iron of departments, will bereadv for distribution about that time.
to be manufactured at prices not before deemed possible;
* F o r th e pr«-*ct>t y e a r o f 139* (Ja n u a ry 1st to M arch 24th) tbc gross
your earnings from this class of traffic will unquestionably In
s
Ohio E ten sio n
U 40D
sam e
crease with the inevitable revival of this industry. Whilst the earn in gIn of th ethey w erex$63,259 w ere n 3 3crease69. anil tor the o r s i
period
1893
97, a in
of $55,339 72,
movement of cotton in 1892 was much below the average. p er pent.
On February 15, 1893, Charles G. Eddy resigned as VicePresident in charge of the Traffic Department, to accept ser
vice with another company, and W. C. Bullitt (.formerly as
sistant to the President) was promoted to fill the vacancy.
Charles H. Mellon was, on*May 3d, 1893, appointed Assis
tant Treasurer, and S. G, Gailiard was appointed assistant to
the President in place of Mr. Mellon, promoted. E. T. Bur
nett, formerly Assistant Purchasing Agent, was, on the same
date, promoted to be Purchasing Agent.
The death on August 29th, 1893, of Mr. Cliarles Hacker,
who had served the Company as a Director for more than ten
years, deprived your Board of one of its mostactive members.
The vacancy thus occasioned will be filled at the ensuing an
nual election.
K
CONDENSED E ALANCE SHEET.
O kxkral
L K tx s f .g
No rfo lk
Jk W k s t k r x
iw tv .
R ailro ad prem ise*, p ro p e rty so d fra n c h is e s ,...______ $99,893,704 14
R olling sto c k . in clu d in g th a t held u n d er C ar Trust* ,. 13,439,*43 25
Com m on stock held by tru ste e of lOO-year m ortgage 5
per ce n t loan . . .
.............. ................................. .
108,100 00
Com m on stock ow ned by th e C om pany (105 sharesi ..
3,572 67
In v e stm e n ts In o th e r eo n ;p arte* »
—
R oanoke M achine Work* Bond* ..............$5OO.O«0 00
Roanoke M achine Works Stock .............. 410.700 00
Old D om inion ste a m sh ip t o. sto c k . . . . . 187,600 00
L ynebbor* * D urham KB. Co. F irst
M ortgage bonds ........................................ 482.000 00
L yn ch b u rg A Durham KR. Co. stock ...1 ,1 6 3 .0 0 0 on
R oanoke A ssoathern RR. Co. s to c k ........1,812,800 00
C olum bus C onnecting A T erm inal K B ...
Com pany s t o c k ...................................... . SPROOflOO
F lrg tn l* C om pany sto c k ....... ................ ...
W9,3i,000
T otal par, *5.091,400............................ ~ ....... .-<nt
M a terials an d sa o p iie e .............................. .............. .
.A ccounts receivable (cu rren t b a la n c e s ) ........ . . . . . . . .
A dvances to o th e r c o m p a n ie s ...,.,.......... .....................
MOO-Year M ortgage R oods ow ned bv th e C om pany ..
E q u ip m en t M ortgage Bonds ow ned by th e C om pany..
1,576,092
274.361
1,230,199
517,116
83‘ .i'00
J
45
49
88
90
00
21,000 00
{G en era! a c c o u n t.......................... ............ $1,150,645 09
1 S et aside for •peciflo pu rp o se*...............
149,727 2 1
1,300,372 32
*1 19.228.!>- 1 07
R
a il r o a d
Oo
r i - a jt t
D tC R u ttE ii
31,
1993
l.iabihtift.
C apital sto c k —P re fe rre d .................... . . . #49.000,001 00
C o m m o n ........................ . .
F unded D e b t:—
9 ,5 0 0 ,0 0 0 0 0
$57,500,000 09
OiHrional 5 leas.
{ Norfolk Jr P etersb u rg RR. C o..........
# 1 9 6 ,0 0 0 0 0
•; S outhd-lc RR, C o ................................ l 019.300 00
(V irg in ia 4cTennessee RR. Co........... 1.090.000 00
Sorfotk * Iretu rn RR. Co.
7.233.000 00
G eneral M ortgage....... .................. .
New R iver D ivision 1st M ortgage.. 2.060.000 00
Im p ro v em en t an d E x ten sio n M ort. 5.000.
000 00
A djnsim . nl M ortgage........................
1.500.000 00
C onvertible D ebenture bonds..........
439.000 00
Clinch V alley Division F irst M o rt,. 2.500.000 00
100-Y ear 3 p e rc e n t M ortgage loan. 15,904,000 00
Scioto V alley & X, E. RR. Co. F irst
M ortgage lo an ................................... 5.000.
000 00
M aryland A W ashington D ivision
F irs t M ortgage lo an ...................... 7.050.000 no
D ebenture bonds, 1992 . . . — . . . .
390.500 ( 0
I D eb en tu re scrip, O ctober, 1 8 9 2 ___
33,500 00
50,606.200 00
E quipm ent M ortgage lo an , 1898 ........... $1,213,000 00
Cur T ru s t L e a se W a rra n ts, p r in c ip a l... 2,011,651 49
E quipm ent T ru s t bonds, 1HM2___ ____
810,000 00
E q u ip m en t T ru s t bonds, 1993................
832,000 OJ
7.866,653 49
B ills p a y a b le ............................................................................
882.917 96
18,660 00
D eferred pay m en ts account real e s ta te ........................
A ccrued but u n m a ta re d in te re s t on lan d ed d e b t .......
1,021,635 17
1,077,152 26
A ccounts payable (c u rre n t b a la n c e s )........................
752,092 19
S u rp lu s of incom e, Dec. 31»t, 1803.....................................
$1 19.278,861 07
''^ a d d itio n a l 100 Y ear M. B onds will be av ailab le a f te r p ay m en t o f Con, Deb, B onds, m a tu rin g -Tan. 15th, 1894, m aking a to ta l
of *1.378,1X0.
N o t h . — Com pany ta en titled to #344,000 M. A W ash. KIr*t SI. Bonds in hands of T rustee, not v e t d r a w n .
WM. U. MACDOWELL, Treasurer.
THE CHRONICLE.
554
C H IC A G O B U R L IN G T O N & Q U IN C Y RR.
F O R T IE T H A N N U A L R E P O R T , F O R T H E Y E A R E N D IN G
D E C E M B E R 81, 1893.
EARNINGS AND E X PE N SES.
T h e G r o s s E a r n i n g s o f t h e C o m p a n y , i n c l u d i n g a ll le a s e d
ro a d s a n d b ran ch es h a v e b een :
P ro m F re ig h t............................................... $19,689,195 30
F ro m P a s s e n g e r s ....................................... 8,419,079 26
P ro m M all, E x p re ss a n d M iscellaneous. 2,931,395 02
-------------------- $31,042,989 58
T h e O p e r a t i n g E x p e n s e s a n d C h a r g e s h a v e b e e n a s f o llo w s ;
O p eratin g E x p en ses................................... $19,922,431 53
T a x e s.............................................................. 1,302,072 25
R e n t of T rack s an d D ep o ts............ .
310.259 74
In te re s t on B o n d s ..................................... 6,538.911 33
S inking F u n d s.............................................
765,090 22
-------------------- 28,838,765 12
L eaving N et E a rn in g s.................................................... $2,204,204 46
A dd fo r D iv id en d s an d I n te re s t on S e
cu ritie s of C ontrolled R oads................ $1,433,719 84
O th er In te re s t an d I n c o m e ......... .......
337,372 56
--------------------1,771,092 40
$3,975,296 86
D i v id e n d s h a v e b e e n p a id a s f o llo w s :
M arch 1 5 ,1 8 9 3 , l 'g p e r c e n t....................
$955,092 50
J u n e 1 5 ,1 8 9 3 , Iks p e r o en t.....................
955,092 50
S ep tem b er 15, 1893, l ' s p e r o e n t......... 1,025,033 75
D eoem her 1 5 ,1 8 9 3 , l>s p e r o e n t........... 1,025,033 75
------ --------
3,960,252 50
S u rp lu s.................................................................................
N e t R eceip ts of B. & M. R. R. R. in N ebraska L and
D e p a rtm e n t fo r th e y e a r .................
$108,422 53
$15,044 36
[V ol .
llroughl fo rw a rd ..............................................
■9S < 9S ,oo o
S
Lvm.
%123 ,063,630 A?
The reductions during the year
were as follows :
B. & M. R. R. r . (Iowa)
L and G ran t 7 p e r ce n t
B onds of 1893, paid a t
m a tu rity ........................$3,542,550 00
B . & M. R .R .R . (Iow a) 8
p e r o t Bonds of 1891,
purchased A canceled.
3,500 00
Purchased for Sinking
Funds and canceled :
C. B. & Q. 5 p e r c e n t B onds
of 1901 (St. L. R. I. & C.
R R .)......................................
1,000 00
C. B. & Q. a per c e u t Bonds
of I 9 l» (Iow a D ivision)..
31,000 00
C. B. < Q, 4 p e r c e n t Bonds
fc
of 191u (Town D ivision).. 182,000 00
C. B A Q 4 p. e. Bonds of
1927 (N e b ra sk a E x te n .’n) 335,000 00
Converted into stock :
C. B & Q. 5 p e r c e n t B onds
1903......................................
400 00
There have been de
ducted from “ Contin
gent Liabilities for B’nch
Roads ” the following
Bonds received from the
Trustees of the B. & M.
R. RR. (Iowa) Land
Grant Sinking Fund,
which have ceased to be
outstanding debts, but
are held in the Treasury :
Chicago & Iow a 8 p e r cen t
1893 COMPARED W ITH 1892.
Bonds of 1 9 0 0 .... ............ 600,000 00
G ross E arn in g s from O p eratin g In 1893.................................. $31,042,969 58 Chicago & Iow a 8 p e r cent
G ross E a rn in g s from O p eratin g In 1892.................................. 33,002,393 96 Bonds of H O I ................. 1,150,000 00
Chicago Rockford & N o rth
D ecrease in 1 8 9 3 ......................................
$1,959,424 38
ern 8 p. c. Bonds of 1895. 250,000 00
A tchison & N ebraska 6 p e r
E x p en ses an d Charges in 1893.....................................................$28,838,765 12 o en t Bonds of 1927........... 901,230 84
-$6,996,730 84
E x p en ses an d C harges in 1892 ............................................. 29,662,507 88
D ecrease in 1 8 9 3 .......................................................................
$823,742 76N et D ecrease of F unded D ebt d u rin g th e y e a r .............
N et E a rn in g s in 1 8 9 3 ............................................................... $2,204,201 46
N et E arn in g s In 1 8 9 2 ............................................................... 3,339,886 08
$ 1 ,401,730 84
T otal F unded D ebt D eoem her 31, 1 8 9 3 .......................... $122,561,900 00
W hole am ount of Stock and Bonds Dec. 31, 1893....... $204,566,100 00
D ecrease in 1893................................................................. $1,135,631 62
P e rc e n ta g e of O p eratin g E x p en ses (Including T axes)
to G ross E arn in g s in 1 * 9 3 ....................................................
P ercen tag e of O p eratin g E x p en ses (including Taxes)
to G ross E arn in g s in 1 8 9 2 ...................................................
In addition to the Bonds deducted from Contingent Liabil
ities for Branch R rids, as above, the Trustees of the B. & M.
68 37 R. RR. (Iowa) Land Grant Sinking Fund surrendered to the
Company the following Bonds, viz :
68 08
Inorease in 1893.................................................................
0 29
T o ta l n u m b er of P assen g ers c arrie d one m ile in 1893,
exclusive of F ree M ileage....................................................
I n 1 8 9 2 .........................................................................................
409,529,533
325,611,118
In c re a se in 1 8 9 3 ..................................................................
83,918,415
G ross E a rn in g s Irom P assen g ers in 1 8 9 3 ....
$8,419,079 26
G ross E arn in g s from P assen g ers in 1892 ......................... 7,223,143 14
In cre ase in 1 8 9 3 .................................................................. $ 1 ,1 9 5 ,9 3 6 1 2
T o tal n u m b er of to n s of F re ig h t c arrie d one m ile in
1893 ........................................................................................... 2,099,080,071
In 1892......................................................................................... 2,345,442,151
D ecrease in 1 8 9 3 ..................................................................
246,362,080
G ross R eceipts from F re ig h t in 1893..................................$19,639,495 80
G ross R eceipts from F re ig h tin 1892................................... 22,768,006 72
D ecrease in 1893................................................................ $3,078,511 42
CA PITA L STOCK.
The Capital Stock of the Chicago Burlington & Quincy
Railroad Company at the date of the last Report
w a s ..............................................................$76,407,000 00
Sold to S tockholders u n d er c ircu lar of
Ja n u a ry 2 8 ,1 8 9 3 ...................................... 5,595,300 00
Issued d u rin g th e y e a r on a c c o u n t of C.
B. & Q. RR. 5 p e r c e n t B onds of 1903
co n v erted ...................................... _.............
400 00
T o ta l C ap ital Stock C. B. & Q. RR, Co.,
D ecem ber 31, 1893.......................... ..................................
C ap ital Stook of th e B u rlin g ton & M is
souri R iver R ailro ad Com pany (Iowa)
D ecem ber 3 1 ,1 8 9 3 ....................................
$82,002,700 00
I
n
1,500 00
FU N D ED DEBT.
w a s ............................................................................................$123,963,630 84
5 , 5 5 6 2i,o o
S outh D akota.
A n E xtension of th e G ran d Isla n d & Wyomiug C entral Rail road from E aglew ood n o rth
erly to spearfish, com pleted au d o p eaed for
business Dec. 11, 1893......................................
n
Miles.
3190100
W y o m in g .
A n E xtension of th e G ran d Is la n d & N orth
e rn W yoming R R ., from S heridan w est
w ard to Alger. com pleted an d o pened for
business Ju ly 1 4 ,1 8 9 3 ......... ............................
7 ®>100
N et in crease of m ileage d u rin g th e y e a r _
_
The Funded Debt of this Company at the date of the last
Report, including contingent liabilities for its brauch roads,
C. B. & Q. C onsolidated
M ortgage 7 p e r cen t
B onds of 1903, sold to
sto ck h o ld ers u n d er circ u lar of J a n . 28. 1 8 9 3 ...$ 5 ,5 3 2 ,0 0 0 00
Bond Scrip, do ,6 3 ,3 0 0 00
L ess am o u n t p u r
ch ased an d can
celed ..................
300 00
--------- —
63,000 00
-------------------- $5,595,000 00
T otal num ber of m iles o p e ra te d by the Com pany Dee. 31,
1892, as sta te d iu th e la s t A nnual R e p o r t .....................
T here w ere added d u rin g th e y e a r :
I
A gg reg ate of C apital 8 toek on Decem
b e r 31, 1 8 9 3 ........................................................................... $82,004,200 00
There were issued during the
year Bonds as follows :
B. & M R. RR. in Neb. 6 per ce n t B onds.............. $1,352,000
Rep V alley RR. 6 p er c e n t B o n d s ........................
71,600
O ttaw a Oswevo & Fox R iver Val. RR. 8 p.c.B ds.
72,000
Atohison & N ebraska HR. 7 p e r cen t B o n d s.........
71,300
Q uincy A lton & St. Louis RR. 5 p e r ce n t B o u d s.
41,000
K. C. St. J. & C. B. RR. 7 per ce n t B ouds..............
17,000
N odaw ay V alley RR. 7 p e r cen t B o n d s ................
99,000
T arkio Valley RR. 7 p e r ce n t B onds.......................
129,000
C. B. & N. E q u ip m en t 5 p e r ce n t B o n d s................
582,000
--------------- $2,434,900
w hich h av e b een added to “ S undry A vailable S ecu rities,”
on page 25 [pam p h let rep o rt] au d also St. Louis K eokuk &
N o rih w estern 6 p e r c e n t B onds am ounting t o ......................... 1,300,000
w hich h ave been added to th e o th e r BoDds of t h a t C om pany h eld in
th e T reasu ry , a n d a re included in th e item e n title d "C ost of In v est
m en ts in H an n ib al & St. Jo sep h , eto., on p age 24 (pam p h let rep o rt).
LENGTH O F ROAD.
Miles.
The nu m b er of m iles of R oad ow ned an d leased b y the
Com pany, in cluding a ll B ranches, on Dec. 31, 1892,
w a s ........................................................ ...................................
5,40344,00
Add for m ileage leased a n d o p e ra te d jo in tly w ith o th e r
Com panies an d R oads for whioh a fixed y early r e u ta l
is p a id .................................................................. .....................
1 5 2 '!’*,oo
T otal n um ber of m iles operated by the Com
p a n y D ecem ber 3 1 ,1 8 9 3 .................................
3 9 to ,00
5,59571,00
Divided as follows :
N um ber of m iles of Road ow ned and leased
by the Com pany, including all B ranches .. . 5,442S4J00
M ileage leased an d o p erated jo in tly w ith
o th e r Com pauies an d R oads for w hich a
fixed yearly re u ta l is p a id .................................
L527),0o
A verage num ber of m iles o p erated d u rin g 1893 ..............
LEN G TH OF SECOND TRACK.
5,59571,00
5,56I47joo
No Second Track was built during the
year.
The number of miles of Second Track
on Dec. 31, 1893, was
In I l li n o i s .................................................................
20401 00
In I o w a .....................................................................
8881,00
I n N e b ra sk a ................................. - ....................
475,on
T o ta l........................... .'.............................................................
297*37,00
THU (JHK0N1CLE.
March 81. 1894. |
LENGTH OF T H IR D TRACK.
age of operating expenses, including taxes, to gross earnings,
in 1893, was 68 37, against 68-08 per cent in 1892.
The comparisons given on previous page show that the tons
moved one mile decreased 10 50-100 per cent, as compared
with 1892, while freight earnings decreased 15 53-100 per cent.
Passengers carried one mile increased 25 77-100 per cent, while
passeuger earnings increased 16 56-100 par cent. The per
centage of operating expenses to gross earnings increased
29-100 of one per cent.
No Third Track was built during the year.
The n u m b er of m iles of Third T r a c i on Deo. 31,’9 J. w as.
2970,0
(All in Illinois.)
LENGTH OF FO U R T H TRACK.
In Illin o is d u rin g th e y e a r Bts]00 m iles of F o u rth T rack
w ere b u ilt an d 2#>4,oo m iles of side tra e h w ere changed
to F o u rth T rack , m ak in g th e to ta l num ber of mile3 of
F o u rth T rack on D ecem ber a t , 1593............ ...................
555
58ijoo
The properties controlled by this Company, 'whose opera
tions and mileage are not embraced in this Report, consist of
There was expended for Construction during the year, on 1,035* miles of standard-gauge railroad and 169 miles of
the Chicago Burlington & Quincy Railroad and Branches in narrow-gauge railroad owned, and 87 miles of standard-gauge
leased and operated jointly with other companies.
Illinois :
They earned, gross, for the year 1893,
F or L an d an d R ight of W ay............................. $19,803 48
CONSTRUCTION".
New B u ild in g # ..................................................
New' E a st B ound Y ard a t G alesburg .........
New V iaduct a t A u ro ra .................................
New Sheep Yard# a t M ontgom ery..............
N ew -Iron B rid g es....... ..................................
F o u rth T rack , C alifornia A re .to R iverside
P av in g G ro u n d s an d T rack s, C hicago.......
New Side T ra c k s..............................................
New In terlo ck in g System #............................
New T eleg rap h W ires.....................................
From F re ig h t.............................................................$4,540,271 91
From P asse n g e rs...............................
1,766,301 72
From Mail, E x p ress an d M iscellaneous . . 1,006,939 79
-------------------- $7,313,513 42
11,745 71
33,656 29
19,415 66
5,547 75
21.058 62
24,370 55
3.161 a2
31.605 16
8,223 16
9,004 24
--------------- §217,592 42
The operating Expenses and charges
have been as follows :
O perating E x p e n se s........................................ $4,579,757 52
T axes..........................................................................
153,425 09
R ent of T raeks an d D ep o ts..................................
214,589 89
S inklne F u n d s .....................................
21,000 00
In terest on bonds n o t ow ned by th e C. B.
A Q. RR. Co....................................................
948,189 67
On the Chicago Burlington & Quincy Railroad
and Brancnes in Iow a:
F o r New T elegraph W ires.................................
New Side T rack # .....................
O vercro##ing C. F t. M * D. M. RR. n ear
O ttu m w a.....................
New B uilding#..................................................
New Iron B rid g es................
Less M iscellaneous C re d it* .............................
*8.175 52
3,180 50
In terest on D ebt ow ned by th e C. B . & Q.
RR. Co...............................................................
7,752 41
8.807 69
9,164 42
L eaving N et E a rn in g s.............................
*37.080 54
6,418 95
---------------
$15,012
i9 ,5 0 6
229,118
a# .80 J
3,079
57,527
17,001
6,014
332.507
8,616
411.942 84 6,328.905 01
$984,608 41
Add for
In te re st an d E x c h a n g e .............................................................
Net Receipts of H. & St. J . RR.
L and D e p a rtm e n t* ....................................................... .........
30,661 59
On the Burlington & Missouri River Railroad in
Nebraska and Branches :
F o r New Side T ra c k s............................... . ........
L and a n d R ight o f W ay ................................
New Building# an d W ater-W ork#................
New F ence#........................ ..............................
N eb rask a City B ridge . . . . . ..........................
New Iron B rid g e s...........................................
New V iaduct# and O v ercro w in g # _______
Change lo Line a t Sew ard, N e b r a s k a .......
New B a lla s t......................................................
W idening B ank#..............................................
P u rch ase of Dead wood C en tral R ailroad,
a system o f side track# to m ines to the
vicinity o f Dead w o o d ....... .......................
T he Com pletion of W ork on New Line#
O pened in 1892....................
M iscellaneous C o n stru c tio n ,........................
$5,916,962 17
Out of which Jias been paid
23,378 37
18,216 61
$1,026,203 29
Dividends on S to ck .....................................................................
95
7S
37
70
25
34
SO
75
78
1,021,956 90
Surplus fo r th e y e a r . . . .............. . ...........................................
$4,246 39
HOT*.—T he operation# an d m ileage of tlie Chicago B urlington A
N orthern R ailroad are n o t included In th is sta te m e n t. T hat ro ad In
189 > show ed u deficit of $37,946 61 ag ain st a deficit of $73,653 85 in
1 8 'J2 , a f t e r paying E xpense* an d In te re s t.
Out of the above amounts paid for Interest and Dividends,
the Chicago Burlington < Quincy Railroad Company received,
&
for interest on securilies held by it, $111,942 84, and for divi
07
dends on stock*. $1,1)21,777 00, which are included in the item
• Dividends and Interest on the Securities of Controlled
154,615 64
Roads,” on previous page.
The total outstanding debt of all these properties, not owned
179,115 86
3,233 09
by the Chicago Burlington & Quincy Railroad Company, on
--------------- 1,061,543 49 December 81, 1893, was $13,545,000. The decrease from the
amount stated in the report for 1892 is due to the purchase
Ou account of New Lines in South Dakota and
and cancellation of $21,000 of Nodaway Valley and Tarkio
Wyoming, as follow s;
Valley Bonds and the transfer to the C. B. & Q. treasury of
la b o o t h D a k o t a .
$1,300 000 of the bond# of the St. Louis Keokuk & Northwest
G rand Islan d A W yoming C en tral RR. ern Company, received from the Trustees of the Iowa Land
B ranch from Englew ood to sp#»rfl«h....... $811,418 36
Grant Sinking Fund.
In WtOKHO.
G ran d Islan d A N o rth ern W yoming RR .—
F rom sh e rtd a o N orthw est, com pleted to
A lg er...............................................................
159,364 41
---------------
D educt for exee.se of D iscount ov er P rem ium on Bolide
p u rch ased for sin k in g F u n d , end canceled ...............
T otal C o n stru ctio n ................................................................ .
EQUIPM ENT.
T he cost of E q u ip m en t paid fo r d u rin g th e y ear w ee.___
1.000,782 77
42,310,580 27
32,885 83
*2,277,094 41
1.240,932 9 0
T otal C o n stru ctio n an d E q u ip m e n t........................ .............*3,518,687 3 t
Morn.— ad d ition to th e above c o n stru ctio n aod eq u ip m en t ex pen
fn
dlture*. th is Com pany p u rch ased d u rin g th» y e a r from th# 8 t. Louis
Keokuk A N o rth w estern KR Co. It# first m o rtg a g e six per ce n t bonds
to th e am o u n t o f *r.2oo,oOo. w hich #um h»* nceu used by th# lastnam ed Com pany lo th e co n stru ctio n o r It## new lia s Into B t Lools, as
ex p lain ed in th e la s t an n u a l r e p o r t
There were added to the Equipment daring the year :
E n g in e ........................................
U
P a m 'g e r A C om b in a tion Car*
6 2 j Pile D river* ...............................
B aggage, Mall A Exp. C ar* ..
D ining G a n ...............................
14 | Ruobte and Iron C a r # ..........
2
1
103
The Equipment at the end of the year is as follows :
E n g i n e * ....................................
876 j B oarding Cum .....................
15
W recking O ars........ ..............
9
565 ( Box u n i c a t t l e C a rs............ 23,730
Baggage, Mall A Exp. Cars.
174 I P latform an d Coal C a rs __ 6,90»
Dining Car#...........................
H | P I e D r i v e r # . ................................
0
O ll W r s end P u t C*r*. . . .
11 | H and Oars . . . ..................... 1.405
Way C a rs....................
3 9 6 I K n boie aud Iron C a ls . . . . . 1,201
G EN ER A L REMARKS.
P ae#engcr»ed Com bination
Care......... ....................
The actual length of road in operation December 31, 1893,
was 5,596 miles, against 5,556 miles December 31, 1892,—an
increase of 40 miles.
Tire average number of miles operated by the Chicago
Burlington & Quincy Railroad Company in 1893 was 5,561,
against 5.461 the year before. The gross earnings per mile of
road operated were $5,582 26 in 1893, against $6,013 29 in
1892.
T h e o p e r a t i n g e x p e n s e s , i n c l u d i n g t a x e s , p e r m ile , in
1893, were #3,816 67, against $4,114 45 in 1893. The percent
The bridge over the Missouri River at Bellefontaine Bluffs,
mentioned in the last report as being under construction, was
completed late in D.-cembi-r; and the new line into St. Louis
was opened on March 4, 1894.
Owing to the money troubles and the bad outlook for busi
ness generally, work on our Northwestern Extension was sus
pended early last summer and has not yet been resumed. The
distance from the present terminus near Sheridan, Wyoming,
to connection with the Northern Pacific Railroad at or near
Billings, Montana, is about 120 miles. The completion of this
link is desirable as opening a new and shorter means of com
munication between the couotry west and south of Chicago
and tli#- mining and timber regions in and beyond Montana.
The falling off in freight earnings in 1893 as compared with
t“92 was due mainly to a loss of tonnage, rates having been
about tlie same In 1893 as in 1892.
By temporary economies, postponing, where it could be
done without impairing the safety and efficiency of the ser
vice, expenditures which should properly have been made, we
were able in 1893 to divide live per cent on the capital stock.
It is utineoeairy to say that this is not a satisfactory state of
things; and while in this instance it will be attributed to, and
is in part due to, the hard times, that is by no means the whole
story. Railroad troubles have been for years, and still are,
chiefly due to hard statutes, which, by preventing the busi
ness of transportation from being conducted on business prin
ciples, and according to the natural laws of trade, have seri
ously injured that great industry, and in that way have
helped to produce the general depression now existing; in
other words, the difficulties of the railroads are among the
causes, rather than effects, of hard times.
For further details relating to the affairs of the Company,
reference is made to the Reports of the Treasurer and Land
Commissioner.
By order of the Board of Directors,
CHARLES E. PERKINS, President.
* TUe 1n e r e as e in m ileage of the controlled road# from th a t sta te d la
th e re p o rt for 1892 I* lu#- in the com pletion of 25 m iles of th e St, Louiii
extension of the 8t. Loul< Keokuk A N orthw estern UR. w hich w as
opened for business on J u ly 2 1 ,1 8 9 3 .
556
THE CHRONICLE.
GENERAL ACCOUNT.
CREDIT .
T H E CHICAGO BU R LIN G TO N & QUINCY RR. CO. G EN ER A L
ACCOUNT IN D ECEM BER 31, 1893.
DE B IT .
Capital stock —
764.0 7 0 S h ares C. B. & Q. Stock, re
p o rted Dec. 3 ,1 8 9 2 ................ ..........
$76,407,000 00
55,953 S liajes C B. A Q. 'to o k sold to
S tockholders u u d e r circ u la r of Jim .
2 8 ,1 8 9 3 .................................................
5,595,300 00
4 S hares C. B. A Q. Stock, issued for 5
p e r ce n t bonds of 1903 c o n v e rte d ..
400 00
$82,002,700 00
B . & M. R. R. (Iowa) Stock, am o u n t
D ec. 3 1 ,1 8 9 3 ..........................................
1,500 00
T o ta l stock.
$82,004,200 00
Funded debt—
C.B.& Q.7 p.c Bonds, p ay ab le Ja n . l , *96
C. B. & Q C onsolidated M ortgage 7 per
c e n t bonds pay ab le Ju ly 1 ,1 9 0 3 ___
C. B. & Q. Consol. M ort. Bond S e rin ...
C. B. & Q. S in n in g F u n d 5 p e r cen t
B onds, p ay ab le J u n e 1, 1895, issued
fo rth e A lb ia K n o x .& D e s Moines RR.
L e ss am o u n t p u rch ased for Sinking
F u n d an d can ce le d ...............................
C. B. & Q. Sinking F u n d 5 p e r ce n t
B onds,payable Oct. 1,1901, tssu ed fo r
th e St. Louis Rock Islan d A Chic. RR.
L ess am o u n t p u rch ase d fo r Sinking
F u n d an d can ce le d ...............................
<5. B. & Q. Io w a D ivision M ortgage
S inking F u n d 5 p e r c e n t B onds,
pay ab le O ctober 1 ,1 9 1 9 ....................
L ess am o u u t p u rch ase d for Sinking
F u n d an d can ce le d ...............................
$547,500 00
23.832.000 00
63,000 00
$462,000 00
132,000 00
330,000 00
$2,500,000 00
185,000 00
2.315.000 00
139,000 00
C. B. & Q. Sinking F u n d 4 p e r cen t
B onds, pay ab le Sept. 1. 1921, issued
fo r th e B urlington & South w est’n Ry.
C. B. & Q. Sinking F u n d 4 p e r ce n t
B onds, p ay ab le F e b ru a ry 1, 1922
(D enver E x te n sio n )..............................
C. B. & Q,. 5 p e r ce n t Bond, payable
M ay 1, 1913. issued fo r H a n n ib a l &
S t Jo se p h RR. S to ck ................... ........
C. B. & Q. N eb rask a E x te n sio n M ort
g ag e Slnktng Fund 4 p e r c e n t Bonds,
pay able May 1 ,1 9 2 7 ............................ $28,652,000 00
L ess am o u n t p u rch ase d fo r Sinking
F u n d an d can ce le d ................................
1,741,000 00
C. B. & Q. C onvertible 5 p e r ce n t
B onds, p ay ab le S ep tem b er 1 ,1 9 0 3 .. $15,278,700 00
L ess am o u n t co n v erted in to S to ck _
_
14,800 00
4.300.000 00
7.968.000 00
9,000,000 00
26.911.000 00
3,500 00
62,500 00
12.894.000 00
3.347.000 00
1.078.000 00
T o ta l b o n d s........................................................................ $118,742,900 00
T o tal sto ck an d b o n d s ...................................................$200,747,100 00
T o ta l C on tin g en t L iab ilities..........................................
C oupon In te re s t u n p aid (including $L,503,127 50 due J a n u a ry 1 ,1 8 9 4 ) ... $1,595,439 00
U n p aid V ouchers an d P ay -rolls...........
999,567 77
S u n d ry c u rre n t a c c o u n ts.......................
1,604,005 15
$1,076,000
669.000
349.000
1,125,000
00
00
00
00
600.000 CO
$3,819,000 00
$4,199,071
$14,715,460
$9,000,000
$13,198,525
P ro fit and L o ss..
R en ew al F u n d ...
In co m e A ccount.
92
61
00
23
Sinking Funds, showing the, total o f paym ents to and
accretions o f Sinking Funds fo r —
C.B . & Q. 5 p e r c e n t B onds, acco u n t of
A, K. < D. M. RR. B o n d s ____ ____
B
C. B. & Q. 5 per cetit Bonds account of
St. L. R. I. & C. R It. Bonds.................
C.B .& Q .4 and 5 p .c B o n d s!Iow aD iv.)
C.B. & Q. 4 p er ce n t Bonds of 1921 (B.
& S. W. R y.).................................... . . .
C. B. & Q. 4 p e r ce n t B onds of 1922
(D enver E x te n sio n )..... ....................
C. B. & Q. 4 p e r cent, B onds of 1927
(N ebraska E x te n sio n ).........................
B . & M. R. KR, in N ebraska 6 p e r cen t
B onds of 1 9 18 ........................................
B. &M. R. R R. in N ebraska 4 p e r cen t
B onds of 191o (A < N. R R .)...........
fc
B epub.V alley KR. 6 p.c. B ondsof 1919
L in co ln & N o rth W estern R R 7 p e r
c e n t B onds of 1910...............................
$427,974 96
1,331,377 65
2,619,468 38
674,977 51
1,247,440 12
1,563,286 01
3,420,308 56
1,277,671 62
251,301 47
119,048 61
$12,932,854 89
T o ta l L iabilities,
T otal co n stru ctio n acc o u n ts..........................................$118,967,975 18
Goat o f Branch Boads—
Cost of B ranch C o n stru c tio n rep o rte d
D ecem ber 3 1 ,1 8 9 2 ............................... [$80,291,000 86
A m ount expended for C onstruction on
B ranches in 1 8 9 3 .................................
1.791,049 14
----------------------- $82,082,050-00
Cost of In v estm en ts in H an n ib al & St. Jo sep h , K an sas
C ity, 6t. Jo sep h & Council Bluffs, Chicago B u rlin g to n
& K an sas City, St. L ouis K eokuk & N o rth w estern ,
H um eston & S hen an d o ah . Chicago B urlington &
N o rth ern , a n d o th er R ailro ad S ecu ritie s....................... $34,183,422 50
Sundry I n v e s tm e n ts ............................................................... $3,464,258 01
M aterials on h a n d fo r fu tu re u s e ........................................ $1,529,712 56
Trustees o f Sinking Funds, showing the cost of uncanccled securities and cash awaiting investment fold in
Sinking Funds fo r —
C. B. & Q. 5 p e r cen t B onds of 1895 ..................................
C. B & Q. 5 p e r c e n t B onds of 1901................................
C. B. A Q,. 4 p e r ce n t B onds of 1 9 2 1 ................................
C. B. A Q. 4 p e r ce n t B onds of 1922..................................
B. A M. R. RR. in Neb. 6 p e r c e n t B o n d s.........................
B. A M. R. RR. in Neb. 4 p e r c e n t B onds ................ ..
R epublican V alley RR. 6 p e r ce n t B onds.........................
L incoln A N orth W estern RR. 7 p e r ce n t B o n d s...........
T otal of sinking funds.
$298,455 52
1,155,338 17
674,977 51
1,247,440 12
3,420,:-08 56
1,277,671 62
251,301 47
119,04 8 61
$ 8 ,4 4 4 ,5 4 1 5 8
8undry A vailable S ecu ritie s.................................................
S undry A ccounts a n d B ills R eceiv ab le............................
Cash on h a n d .............................................................................
$3,082,790 8 8
2,345,483 31
4,511,778 63
$9,940,052 82
T otal Assets.
7.970.000 00
15,263,900 00
Contingent Liabilities f o r B ranch Roads —
O tt. Os. & F ox R. Val. RR. 8 p.c B onds,pay. Ju ly 1,1900
O m aha & So.W eet.RR . 8 p . o. B onds, pay. J u n e 1,1896.
N eb rask a Ry. 7 p e r cen t B onds, p ay ab le Oct. 1, 1896.
A tch . & Neb. RR . 7 p. c. Boi da. p ay ab le M arch 1,1908
L incoln & N orth V e stern RR. Sinking F u n d 7 p e r cen t
IfcBoiids, p ay ab le J a n . 1, 1910.............................................
A m ount of C on stru ctio n an d E q u ip m en t rep o rte d Dec.
31, 1 8 9 2 ..................... .................... ..................................... $117,240,336 98
A m ount ex p en d ed fo r C onstruction on
M ain L ine L ine in 1 8 9 3 ............ .............$486,645 30
A m ount exp en d ed for E q u ip m en t in 1893.1,240,992 90
-----------------1,727,638 20
T otal c u rre n t acc o u n ts...................................................
2.861.000 00
$66,000 00
B . & M. R. RR , in N eb rask a C onsolidated M ortgage
S inking F u n d 6 p e r ce u t Bonds, p ay ab le Ju ly 1,1918
B . & M. R. KR in N ebraska Sinking F u n d 4 p e r ce n t
B onds, pay ab le Ja n u a ry 1,1910, issued fo r A tchison
& N eb rask a RR. s to c k ........................................................
R ep u b lican Valley RR. M ortgage S inking F u n d 6 p e r
c e n t B onds, p ay ab le Ju ly 1 ,1 9 1 9 ...................................
Construction Accounts—
Current accounts —
$3,000,000 00
C. B. & Q. Io w a D ivision M ortgage
S in k iu g F u n d 4 p e r c e n t B onds,
p ay ab le O ctober 1, 1 9 1 9..................... $10,591,000-00
L ess am o u n t p u rch ased fo r Sinking
F u n d an d can ce le d ................................
2,621,000 00
B . & M. R. RR . (Iowa) C onvertible 8
p e r c e n t Bonds, pay ab le J u ly ], 1894.
L ess am o u n t p u rch ase d an d canceled
d u rin g th e y e a r.......................................
[V ol.LVIH.
$258,612,012 65
$258,612,012 65
New York Stock Exchange—New Securities Listed.—The
Governing Committee of the Stock Exchange have listed
the following :
E d i s o n I l l u m i n a t i n g C o m p a n y o f N e w Y o r k —A dditional issue
of first m o rtg a g e 5 p e r c e n t co n v ertib le gold bonds, *750,000, m ak in g '
th e to ta l a m o u n t liste d *4,312,000.
C l e v e l a n d & P i t t s b u r g R a i l r o a d C o m p a n y . — A dditional issue
of g eneral m o rtg a g e i h p er ce n t g u a ra n te e d gold bonds, series B of
1942, $307,000, m aking to ta l a m o u n t liste d $743,000.
S o u t h e r n P a c i f i c R a i l r o a d C o m p a n y ' o f C a l i f o r n i a .— A d d itio n al
issue of first consolidated m ortgage 5 per c e n t g u aran teed gold bonds,
$8,183,000. m ak in g to ta l am o u n t liste d $t),188,Ouo. T he C om m ittee
on Stock L is t is em pow ered to ad d to th e lis t from tim e to tim e $1,000,
000 m ore of th e s e bonds.
S t a t e o f S o u t h C a r o l i n a . —F o u r a n d a - h a l f p e r c e n t 20-40-year
c o u p o n b o n d s , $4,392,500.
Tennessee Coal.—This company gives notice that the prin cipal of bonds of the Tennessee Coal & Railroad Company
(Tracy City lsts and 2ds) maturing April 15cb, 1894, will be
paid at maturity at the office of the Central Trust Company,
New York, and that after April 1st, 1894, holders desiring to
receive cash for their bonds, with interest to date of sur
render, can obtain payment by presenting the bonds at the
same office. Interest will cease on these bonds at maturity.
Union Pacific —At Omaha Judges Sanborn and Caldwell
decided in the controversy between the Union Pacific and the
Union Pacific Denver & Gulf roads that the Union Pacific re
ceivers were not bound by the contract made by the Union
Pacific Company with the Gulf and should not be held to it.
They rescind the orders of Judge Hallett who enjoined the
Union Pacific from abandoning the Julesburg line to Denver
and who directed the Union Pacific to pay interest on Gulf
bonds. The Circuit Court in Nebraska is declared the court
of jurisdiction for the Union Pacific and that in Colorado for
the Gulf system.
—The holders of over 75 per cent of the debentures of the
Jarvis-Conklin Mortgage Trust Company that are held in the
United States, and of a large amount of those held abroad,
have assented to the plan of reorganization of November 24
last. Those who have signed the plan and agreement are
therefore requested to deposit their debentures and other obli
gations and stock certificates with the Manhattan Trust Com
pany of this city or the Union Trust Company of Philadelphia.
Negotiable receipts will be issued for the same. The time for
assenting to the plan has been extended to April 20. The new
company which is to be organized will, in addition to the
general debentures provided for in the plan of reorganization
issue, when desired, debentures drawing 4 per cent interest
without a contingent interest in the profits, and payable in
ten, twelve and one-half and fifteen years. These debentures
will be secured by bonds and real estate mortgages deposited
with an independent trustee. Creditors will have their choice
between the two forms of debentures.
—The committee of the holders of the Union Pacific Rail
way Co.
p. c. collateral trust bonds (Denver Leadville &
Gunnison Railway) announces that more than a majority of
the bonds having been deposited with the Central Trust
Company, and the committee having applied to the New
York Stock Exchange for the listing of the trust company’s
certificates, any bonds accepted after this date for deposit
will be subject to a penalty of 2 per cent on the par value
thereof.
THE
M arch 81, 1804.J
S&c
C H R O N IC LE .
557
C o m m e r c ia l jin x e s .
C O M M E R C I A L
T h e M o v e m en t
E P I T O M E .
of
C O T T O N .
F r i d a y N ig h t , M arch 00, 1894,
t h e C r o p , as indicated b y our telegram s
from the South to-night, is given below. For th e week ending
this evening the total receipts have reached 45,393 bales,
F riday S ight , M arok 3 0 ,1 8 9 4 .
against 49,355 bales last week and 66,530 bales the previous
A very low condition of tem perature has prevailed through week: making th e total receipts since the 1st of Sept., 1893,
the Middle, W estern and Northwestern latitudes, accompanied 5,467,856 bales, against 4,566,58? bales for the same period of
in some localities by heavy snows. The cold, following pre 1892-3, showing an increase since Sept. 1,1893, of 901,583 bales.
vious mild open weather, is reported to have seriously injured
Mon. | Tuts. i Wed. i Thurs. Fri.
Receipts at— | Sat.
Total.
fru it buds and other early vegetation, and for a few days dur G alveston------962
625 1.317
623
244
475
4,246
ing the early portion of the current week grave fears were Velasco, &o —
...
...
...
...
623
623
entertained regarding fall-sown grain. L ater information, S ew O rle a n s.. 3,351 3,239 5,000 4,293 3,350 1,790 21,023
654' 2.681
1,155
199
165
146
62
however, leads to the impression th a t only about ten per cent
...
...
F lo rid a ...........
of the w heat area was subjected to injury, w ith a possibility S a v a n n a h .........
457
677 1,099
5,473
520
603 2,117
th a t no serious curtailm ent of the crop will result from pres
...
... ...
... ...
3,668
... ...
... ...
3,668
Brunsw'k.ifco. . . .
ent conditions. The feeling of alarm over the reported damage C h arlesto n .......
94
101
926
437
181
53
60
2
...
2
...
...
...
...
F t. Royal, Sec. . . .
...
...
...
...
to the growing crop served as a sharp stim ulant to wheat
605
161
11-1
63
S3
Ill
68
values, but as the advanced cost checked the export demand, W ilm invton___
W ash'ton, Ae.
speculators became more cautious and the m arket subse
3,075
113 1.061
290
SS7
269
455
quently eased off. There has been an improvement in cured N orfolk..—.......
27 . . .
792
543
1,420
W est P o in t...
...
5S
areata and lard, in consequence of covering on speculative
...
250
...
...
250
N’p o rt H., &c. . . .
...
...
engagements. Iron and other metals find slightly increased
...
...
...
...
__ __ . .
_ _ _. . .
_
.
...
...
attention but not sufficient to stim ulate prices. General mer S ew Y ork......... ......
401
1
114
89
5
97
95
chandise attracts attention only to extent of immediate B o s to n _______
462
462
w ants of regular traders. The unpropitious weather has re B altim o re......... ...... ...... ...... ......
437
11
85
13
14
134
180
PhUadelph’a& e
tarded spring farm work.
Lard on the spot has sold with a limited degree of freedom Tot'Is th is w eek 6,634 6,430 9,102 6,308 4,916 11,902 45,292
at advancing prices, and the close was firm a t 7c. for prime
The following shows th e week's total receipts, the total since
city, 7'65c. for prime W estern and 8-05c. for refined for the
opt. 1, 1893, and th e stock to-night, compared with last year
Continent. The speculation in lard for future delivery at this
m arket has been quiet, but prices have advanced w ith the
Slock,
1893-94.
1892-93.
Receipts to
West, where “ shorts ’* have been free buyers to cover con
This Since 8ep. This Since Sep.
tracts, closing firm.
March. 30.
1893.
1891.
Week. | 1 ,1 8 0 3 .
Week. 1 .1 8 9 2 .
DAicr cnowxo pricks or i.ar!> totbaab.
Sat.
M a r c h ................................ 7 1 0
M a r ....................................... 7 00
Mon.
7 ,5
7-10
T-ies.
7-25
7*10
Wed,
Too
7*30
Iktirs.
700
7-35
Fr,
7*65
7*45
4,2i*i. 960,019
S alv es to n ...
8,915 993,736
Velasco, dco.
732
43.583
623!
35,538
21,0234,737,159 21,032jl,iO 3:2S3
S e w O rleans
2,681 187,884
1,372 158,114
M o b ile -.,....
F lo r id a ......
31,309
56
27,181
S a v a n n a h ...
9,067 711,079
5,473s 899,048
Br’atek.Ai3,6418
73,742
97 140.116
C h a rlesto n ,.
2,091 206,503
016 328,170
P, Royal, Ac
2!
63,210
125
Wllmiuitton..
604! 186,531
366, 155,271
W ash'n, Ae
......
409
755
N o r f o l k .....
3,075 436,466
1,063; 240,012
W est P oint
1,202 182,474
1.420: 235,002
250f
51,562
K*p>
tS>..dce
216
18.298
Stew Y ork...!
.........! 68,705
1,271
37,839
B o s t o a !
40P
80.315
l,9 8 l!
87,360
B altim ore. *J
482j
50,928
51,119
1,743
Phiia4el.,t&c..J
417|
45,933
1,662!
11,160
16,486
227,687
02,033
2,271
269:490
24,470
Pork has sold moderately well at higher prices, cloiing firm
26,897
a t $18 87Jj(213 25 f o rm e * . 1133*15 W for short clear, $13@
13 50 f o r family and 813*2! 13 50 for extra prime. Cut meats
61,202
60,503
have received increased attention and values have advanced
304
2,800
to
for pickled bellies, 13 %10 lbs, average,
35,050
41,020
f o r pickled hams and (5c. for pickled shoulders. Beef tins been
......
uiet at |S for extra mess. $9010 for p a c k e t , 12 for fam14,220
11,476
y and $15®20 for extra India mess. Beef hams are easier
a t $16. Lard stearipe has advanced to 9c. Oh-o-atearine has
49,214
43,902
also advance,! and the close was steady at 7c. asked. Tallow
5,644
4,293
has been fairly active at slightly lower prices, dosing at -1 q'c.
2*960 j
840
Cotton-Steed oil has advanced in sympathy with the advance in
255.599j 275,395
lard and the do**- was firm at 27c. for prime crude and 81* Sc,
8,800
14,000
for prime yellow. B utter has declined but the close was
21,059;
11,920
steady a t 15 a! 31c. for creamery. Cheese ts quiet but steady
13,020
10,051
at Ot.klMc. for State factory, full cream. Fresh eggs arc in lib
eral supply, but prices are held steady, dosing at li>
for
T o fstli. ....! 43,102,5,4 67,056’ 62,559 1.566,567 771,981 835.202
choice Western,
In order th a t comparison m ay bo m ade w ith other years, we
Raw sugars have been doll and tone easy, but careful of
fering of supplies sorted as a check against further decline give below t li ♦totals a t leading portsi for six seasons.
in pnee. Centrifugal quoted at Sc. for IWdeg. test and mus B tteipls at— 1991, | 1893. | 1892.
1991.
1890.
1889.
covado a t 2 *,c. for 89-deg. test. Refined sugars more active,
4,969!
9.677!
9.177
10,143)
3,076
5,318
and w ith reduced production prices were firm; granulated S aives'n.A e.
Sow O rleans
21.0231 21.033; 29,171
3*3»032!
16,790
11.532
quoted at
T«#» still favor buyers; sprees unsettled.
2.091,
1,372,
1,728
3,611
1,565
371
Coffee was quiet and slightly easy in tone, but really a t M cM hi ......
5.4731
9,067
7.609
12,170
2,524
1,310
tractive goods scarce and sparingly- offered. Rio quoted at S avannah ..
929]
9,094
1,870
1.0,087
870
1,076
nfgC. for No. 7 flat bean; good Cueuta at 21(121 t^c, and in Cliar*tOna!te
005
67©
360
1.037
terior P adaag, 23®2 tc. In the speculative m arket business W U m 'lou.a,'
127
855
3,075!
4,003
6.541
boa been fair and prices well sustained, owing to smaller N orfolk. . . . .
4,053
2,308
2 ,0 1 3
movement of Brazilian supplies than anticipated. The close W. Point,*®.
1.070,
1,478}
5,506
2,034
5,868
7,246
is dull for all deliveries.
All others
4,968.
9,810!
8.915
11,600
6.251
12,495
The following were the final asking prices:
Tot. tills Wk ,
a
A p r................... 16 4 0 c. | J u ly __________ I5-66C. | O c t..................... n - s o c .
id..-.
J a n e .................I S J S e . I z<-p*.................... IS-OSe, I H oc....................l i I V .
M a r....... .... 16-lSe, | Ail*.................... J5-45*. I N ov ....................! t
K entucky tobacco baa received a limited degree of attention
from exporters and prices have ruled firm; sales 200 hhds.
Seed leaf tobacco has been less active, hut no changes have
keen made in values; sales for the week were 1,350 cases, as
follow s; 330 cases 1892 crop, Pennsylvania H avana. !0J,<#
12Uo.; 500 macs 1393 crop. State H avana,
200 cases
JS92 crop, Wisconsin Havana, 7®9c,; 100 cases 1892 crop,
Zim m ers, 12,J lie .; 50 cases 1892 crop, New England
leaf, 22#24c,, and 130 owes sundries, 5'* 80c.; also 730 bales
H avana. 88c.®$ l 10, and 230 hales Sum atra. #2 85®$4 15.
The m arket for Straits tin has b ’-n quiet, but prices have
advanced a trifle on stronger foreign advices, and the cl se
was firm at 19 15c. Ingot copper has been quiet but s te a d y ,
closing at 9'50c. tor Lake, Lead has been quiet and the ctose
was a fraction lo se r and easy a t 3 40c. for domestic. .Spelter
fa quiet and easy at 3*70e. for domestic, P ig iron is quiet but
About steady at 8 1 L4 H for domestic.
. Refined petroleum baa been quiet at 3*15c. in bbts., 2*85c.
SL “Ujk and *V25c. in cases; crude in bids. i» unchanged,
VVashmgton closing at 6c, is bbts. and 8*30c. in bulk; naphtha
"*< 2 Crude certiflcatei have declined, closing at 8 l^ c .
aeked. Spirits turpentine has been dull and prices have de
clined to 29 <*2S»U'c. Rosins have been firm for the low grades,
closing At $t 12*v<r$l 30 for common and good strained. Wool
is quiet b ut steady. Hops are moderately active at easy prices.
45,292,
61.559,
68,599
91,109
34,377
46,500
9Iue« Sept. I 5467.056 4508,567 0513.1 1 1 '6207.000 5603.038 5273.337
The exports for the* week ending this evening reach a to tal
of 64,166 bales, of which 32,733 were to G reat B ritain, 120
to France and 31,313 to the rest of the Continent. Below are
• lie week ui,,j *jn:-n S-mtomber I. 1391,
j*V»mSen. ). ms. ’0 M S , 1804
eh. O
Export*
fmm—
i/h-cr
Cmivmum, ...
ftjtgj .....
V
#fasgc©
-,
1 »n*l
1
New Orleaan. U.50I
Total I G reat
Btnmwie.k.. .
Charleston*,.
w u m k m m ..
Horfiti it-.----
Wmt Point,..
C onti
lotal,
m m . |m-rk. Britain, Franc* nent,.
6,BU 513^0.101315
IT o 'ila
m)
31,148
31.148
10.10 21,378
659,409 370,504
5.01S & 5
0X
111,798 32,03:
Mobile M P en.
8»y»timh
Exports* t Ut~_________
1
Orem I
3,178
30,303
3.175
530
2,000
214,304 16,200
m m
.m
350
70,437
33**104 1,302,076
8 I0 31,628
>
317.17 J 401,607
51,010
12,855
131.015 301,584
8MM 157,661
11,700 110,544
05,904
10,4 7
80.578
100,271 524,845
2,4031 208,513
148.741
H’p’t New#, &c
30.573
Hew Y ork.,.
8,239| 10,741 350,443 11.131
iQjm
8o#toa.*.....
4.033 201.050
i.sm
Baltlm om . ..
3,3!
37.873 5,183
Ph»a4eipa he
m
15.404
*,ft-47| 22.941
<fli if.
» 4,398.340
Total
32,733
120 31,313 04,106^,521 4 10 6*7,v81 1,310,0111
T ntA), vmo.m,
3.mi
>*3.2331
M50 350 47?VW I^?.40«.!^.4i3.f>ri
* Incleaiotr 1*ext Itoyai,
558
THE CHRONICLE.
[Vox*,
In addition to above exports, our telegrams to-night also
The Sales and P rices of
tive us the following amounts of cotton on shipboard, not following comprehensive table.
cleared, at the ports named. We add similar figures for
3
d
►
SI
New York, which are prepired for our special use by Messrs.
083
Lambert & Barrows, 21 Beaver Street.
§El So®!" as o © p 5‘aE.g'
*
at o ©
h ©* < B-8--S
£-*® at
OX SHIPBOARD, NOT CLEARED—FOR
Leaving
f v 'c S
March 30 at—
P e*
Stock.
Great
Other
Coast
Total.
|E
Britain. France. Foreign wise.
gE ~ &
» at
w
p
*
p •
190 804
New O rle a n s...
777
36,883
4.191 17,959 13.956
a : io
i r
3S.661
gg
4,540
2.108 None.
<*3 . CO
G alv esto n .........
1.177
7,825
«.
S a v a n n a h .........
C h a rlesto n .......
M o b ile ..............
N o rfo lk .............
N ew Y ork.........
O th er p o r t ___
None.
Noue.
None.
12,005
5.700
8,000
None.
None.
None.
None.
150
None.
1.500
3.500
None.
1.700
7.700
6.000
None.
100
None.
6,775
None.
None.
1,500
3,600
None.
20,480
13,550
14,00d
59,063
37,426
26,697
28,734
242,039
51,619
T o ta l 1 8 9 4 ...
32,004
18,109
38,896
8,829
97,838
675,043
T o ta l 1 8 9 3 ...
T o ta l 1 8 9 2 ...
36,962
42,1«0
8,309 43,847
6,696 59,562
10.526
15,052
99,64 4
123,490
735.558
931,067
© H
3 ©rs=
© W—
T* - •
* J
©=
<>
cc___
*4 < 1 0 *4
dt d» ° dt
0500
Good O rd in a ry ............................
L ow Middling...............................
M iddling.......................... .............
Good M id d lin g ............................
M iddling F a ir ...............................
G U LF.
H o n T u es W ed
6"l6
7>e
7»i«
7?«
87,«
w
a
S a t.
Good O rd in a ry ............................
Low M id d lin g ..............................
M iddling........................................
Good M iddling..............................
Middling: F a ir ...............................
6710
7 hi
7 9ie
7 78
87, r
69 |fi
7q
7M
7 n ie 7 “ ie
8
y
S9i« 89 6
TOton T u e s W e d
o
a
STAINED.
67,
7%
7»ig
7?8
87 „
S a t.
6 lii6
7%
7 i3ie
8 >8
8 u in
C
3
6U „
7%
T -h e
8 >e
8H ,e
F rI.
XU.
T it.
M o n T u e s W e d Thu
L ow M iddling...............................
M iddling........................................ HoliS trio t M id d lin g ................... ....... day.
Good M iddling T in n ed ..............
631,
She
7*n
7ie
718
711,2 71; 32
7»3!
79,.
7y, R
M ARKET AND
F ri.
611ie 61316 613i6
738
7 •
>
7k>
715,6
7 ‘316
81a
84t
ehs
>
8 u ip 8>3i6 813I#
F ri.
65, „
7q
715,2
7 U ,«
Of
*4^
03C ©
5
i op:
(*
P
*4*40*4
05_____
'= 5
©
9
S
;
<1*4
d«dt **
©
odo
*- H
©
© C > "*
O -*
dt d ° c
« l*
ccco if-
■ 4 05
- 1-J J
* Oto©
4 f*
C <i ^
1 a"1:
i
< O
1*40*4
*^ C
l*40 T
s
_H _C
-W D
C
O
*4*40*4
If*
<4*4
>
IJ
00*4
©
1 a .® :
00
*4*10*4
C C ® *4
D D
COlf* to
ip-
<4 *4
05©
©
C *4 **
O
a .® :
a*
<4*40*4
*^ *4 ° ©
«
1
00
t-'fcO
©
*
:
050
- ©
^
:
C
D
*4*4 0 * 4
* '* l ° * 4
C C
D D W
■d-J
^
COCO
I8^,
I9^
*4404
£ h O^L
► -C C
fc*H O 0»8.
^
*4*4 >
Otifk ®
O'
o cn ^ a 0 * 4 tO^
o
i 9 p:
1 9»:
05
*3*40*4 *4*40*4
it®
a<a tw at a>at
*4*4
► CO
•*
C
O
►-
9
WO
if*
0
W
*4*40*4
0 5 ° 05
*4*4 7)
© 05 ©
COCO **
a # -:
O
*4 *4 O *4
© *4 °©
COO to
1
19
c
^
to
*4*40*4
© © °©
*4 a» cn
L
t*
<4<4 %
w to
1
^ co
8 < lg ->
H at
h
O'- 1
*4
•©:
&
.©
*?
*4*40*4
ocrii®CD
© *4
a»
* *
-q -jO -n
if- H
If-
*4
-i
w
^ O'
H
1© r*-'
bO
9
it%
©
*
1
*4*40*4
C 00 ® 00
D
©©
©
<4
*4*40*4
© C ° C
D
D
►-ai if-
II
I<
d
II
I9
<4*4
*1-4
to at
©
>
%
©
*
w
*4*40*4
0 C *4 *< I
o to ©
*4*4
*J*|
<405
©
1
*4
*4
C
O
©
^
:
H
0*4
°-q
to
>
©
**
:
w
0*4
° *4
©
►
h
>
■
k;
:
1
:
:
t>
1»
©
:
1
j
•
•
&
2
:
at
1 ©
:
2
1
*4*4 0 * 4
ooo6 0 cd
OH
O
:
O
a
-9 |
©*
W
<4*4
05©
CC
OO
1 ©
**
H
2
^
*4*4
*4*4
WfcO
1 ©
4 10
*4
►
,
sr
©
^
:
<4*4
tO G
D
OCO
5
cocn
^
< ? ;
05
<4*4 © *4
© © °©
COCO *4
-?
%
>
<
10
"8 | • 1
®
00 ' *
to
*
*
i
i or.
*4*40*4
*4*40*4
*4 *4 °©
HO
00
b>
*4*4
*4 *1 ©
WW ^
. ©
:
*4*4
^w
*4*4
l£w
COO
0*4
^
■© r:
44
*
c
*4*4
r - O' **
o r :
©
<4 < 4 0 -1
C T ® *4
D O
to w
co
c>
<4*4 7}
C *J ©
D
o« ©
*
( ©
:
1 *
4 1
*4*4 0 * 3
^W
s®
°o
to
©W
-j-?
*
C O
D D
a “
**
►
*4*4
* 4 < 4 °< 4
0»*J C
n
©
0005
0
^4<i 5 *4*4 <
OO ® cnat ©
' '
*1*4
*3 if* t-*
1
i
05
*
4
*4*40*4 *4 * 4 0 * 4
a©°cJ> d d ° d
»« *
00 0
00 COCO *4
►
*4*4 ◄
< ~5M ^ 0505 ©
1
©
*4*4
<4*4
*4 - J ©
l^lf^ ^
© r*:
:
<
1*4 5
C» ©
jtO
O ‘<
0*4M
1 oi®:
4
*4*)*
0*4
o»d' ®00
co0 cn
<
1
00
05
<
i a.®: i 95°:
4
*
4
0
*4*40*4 * 4 * 4** 4
-? -?
w
*4*40*4
*4*4 ° * 4
to©
1^
*4*4
S i:
“
1
1*
4
%
“■40*
2 * Vv)
* -v*|0
O
I
___
H W © cow
I *4°*4 d>o°d5
at at it*
.O '
© acnW
b0
C0
CO
5
*4*4
©
© O'*-***
tv «.
C
O
, *40*4
® *J
C
O <1
e f CO
05 B
©
, *40*4
<
10
03 -
5°
*4*4 ; *4*4
*4*4 a *4*4 © 0505
*
*
~?0 OO ^ ‘ a© * rf* CO.1:
■9
i 9^;
i9
>
c
b : fO
H
I
<*• I
®•
* *4 O ■
1
Sm _
D 'o -m C 1
O
b* r
m
3! K
>
<<
q
*4*4 5 *J*4 > *3*4 I
Z
.
tncn ©
d rf-M **
>CO ©
0 0 -4 tL .* 1
^co i 9^
I
CO
*4*40*4 *4*30*4 *4*40*4
c O' ^ at
d*©®d»
cow
>-*
COCO
h-
On this basis the prices for a few of the grades wonld be as
follows:
S a t.
®
Egg
<1*4
-j -j
O 'O t
H© P
D m -at V-
•O O _
• w
<J . O *4
d • ®dt
»
cc
w
O
<1^ CC •
7 0 in®r. *
1
K
>
^•®t np
O •/. -
g
oo co i
I
II
C
D
Q*-d®5 Qa®2 M'uvg
o3.Egb ShEg, S'S.Eg
g o ®C a ®©
o
>
ai © ©
5
cnd«
on. Good M iddling T in g e d ...
E ven.
hi on. S tric t Middling S ta in e d .. 7;i oS
° |6 on. M iddling S ta in e d .............. 7 ,, oft.
3l0 oft. S tric t Low Mid. S ta in e d .. 3»120ft.
la off. Low M iddling S tain ed __ 1% ' oft.
la off.
UPLANDS.
00v
<1-4
Speculation in cotton for future delivery at this market was
very limited during the greater portion of the period covered
by the present review. Business on the local Exchange was
suspended during Saturday, and Liverpool market remained
closed until Wednesday in observance of the Easter holidays.
The Anti-Option B ill—so called—now being urged before Con
gress, has also remained as a serious check to new speculative
ventures. During Monday and Tuesday trading was exceed
ingly slow and principally among local operators switching
forward engagements, the absence of foreign news serving to
create a very cautious feeling. On Wednesday advices from
Liverpool were resumed and proved comparatively tame, the
business being light and prices much the same as at the ad
journment on the previous Thursday. Our market, in conse
quence of the absence of assistance from abroad, remained list
less, and without important fluctuations. Yesterday, however,
the tone was much improved. Cable advices came stronger,
it was shown that fair port receipts were at the expense of
interior stocks, and slightly more promising indications came
from domestic consumers. These influences seemed to create
apprehension among a line of small shorts gradually made
during the dull period, and the effort to cover engage M
ments stimulated an advance of 15 points, slightly modified
at the close. To-day business has dragged somewhat, the
foreign news not proving quite so promising, and rates were
fractionally shaded, closing without strength. Cotton on
rf*
the spot has been fairly active. Middling uplands 7 ll-16c.
w
The total sales for for ward delivery for the week are 351,000 CO
to
bales. For immediate delivery the total sales foot up this week 0
0
2,112 bales, including — for export, 1,712 for consumption,
----for speculation and 400 on contract. The following are
the official quotations for each day of the past week—
March 24 to March 30.
Rates on and off middling, as established Nov. 22 by the
Revision Committee, at which grades other than middlin'
may be delivered on contract:
F a i r . . . . . . . . ..........
on. G o o d O rd iu ary ............. c. U s oft.
. c . 1* 4
M iddling F air. ..
S trio t Good M iddling.......
Good M iddling...................
S trio t Low M iddling.........
L ow M id d lin g ..............
S trio t Good O rd in a ry ..
/§ ?
F utures are shown ny the
C
D
|§ s s
C
l v iii.
:
*
i
<11
0
*4
0
® i
C
O
<4*4
*4*4
© a*
©
►
:
:
i
:
®
;
!
;
*4
0 * 0-q
< 1c o»
4
*
4
©
:
:
►
II
65iS
7^4
715,
711,8
►
◄
©
►
II
Id
1d !
II
SALES.
I IS
i I
Id
►
<
I^
II
The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
x In clu
les In eptem ber, fo r S
ber, 1,70
statement. For the convenience of the reader we also add October, d es sa ctober, S2-»7,S )0; Septem eptemovem ber fo;r S e p te m b e rfo r O
ber-N
tVovember ,
a column which shows at a glance how the market closed on 717,900; S eptem ber-D ecem ber, for D ecem ber, 1.862,4» ; S e p tem b erJa n u a ry , for J a a u a ry , 7,0J9,d0u; S eptem ber-F ebruary, for F e b ru a ry ,
same days.
1,486,800.
8 A L E S O F SP O T AN D C O N TRA CT.
SPOT M A RK ET
C L O SE D .
S a t’d a y .
M onday
Tuesdav
W ed’day
T h u r’d ’y
F rid a y ..
T o ta l.
Dull.....................
Dull......................
D u ll...................
S teady a t a8 a d v .
Q u ie t..................
Ex
port,
Con- Spec- Con
sump. ul't'n tract.
Total.
Sales o f
Futures.
.. H o li
::::
....
623
172
291
245
381
1,712
io o
100
20
0
—
400
623
*272
39!
245
581
5 3 ,1 0 0
3 5 ,6 0 0
6 2 ,7 0 0
1 1 5 ,0 0 0
9 1 ,3 0 0
2,112
3 5 8 ,0 0 0
For exchanges see page 561.
o p C o t t o n to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening'. But to make the totals the complet e
figures for to-night (Mob. 30), we add the item of exports from
the United States, including in it the exports of Friday only.
T h e V is ib l e S u p p l y
THE CHRONICLE,
March 31, 1894.)
r -------- - ..............................
569
1894*
1892.
1893.
1*91
Q u o t a t io n s f o r M id d l in g c o t t o n a t o t h e r M a r k e t s .—
1,734,000 .,179,000 Below we give closing quotations of middling cotton at South
Stock a t L iverpool.........baled. 1,859,000 1,641,000 1
5,000
7,000
17,000
Block a t Lorn!on......... . . . . . . . . .
16,500
ern and other principal cotton markets for each day of the week.
T o tal G re a t B rita in stock. 1,866,000 1,646,000 1,751.000 L
,195,500
13,000
21,000
3,400
Stock a t H am b u rg .....................
4.000
CLOSING quotations f o b m id d lin g cotton on —
Stock a t B rem en ....................... 210,000 163,000 151,000 184.000
16,000
16,000
25,000
Stock a t A m ste rd a m .............
19,000
March 3 0 “ Satur.
Mon.
Tues.
TTednes, Thurs.
-FVi.
200
200
300
Stoek a t R o tte rd a m ...................
300
19,000
7,000
5,000
Stock a t A n tw erp .......................
8,00u G alv esto n ...
7^8
719
719
7%
719
7*16
475,000 425,600 374,000 223.000 New O rleans
Stock a t H av re...........................
73,8
7V
73,8
7H
73,6
7.000
10,000
9,000
Stock a t M a rse ille s...................
6.000 Mobile..........
7
7
7
7
7
98,000
76,000
86,000 103.000 S a v a n n a h ...
Sioek a t B a rc e lo n a ....................
7hs
7H
7>9
7%
73,8
16,000
13,000
18,000
Stock a t G enoa___ —................
9,000 C h a rlesto n ..
719
719
7H
7>9
7%
7M
16,000
18,000
17,000
Stock a t T rie s te .........................
19,00u W ilm ington.
7
7
7
7%
7H
T o ta l C o n tin en tal sto ck s.. 861,200 761,200 691,700 575,300 N orfolk........ . . . . . .
7V
7 tj
7M
7V
7M
79.6
79,8
79,8
78,3
7iM e
T o tal E u ro p ean stocks . . . . 2,727,200 2,407,200 2,412,700 1,770,so d B o sto n .........
79,8
B altim ore...
7*s
7ia
759
7=8
7=s
7=8
India co tto n afloat for E u ro p e. 163.000 115.000 115,000 256.000
7 ia I8
7lb,n
8
8
7loi«
Am er. coct’o afloat fo r E uro p e. 242.000 190.000 360,000 324.000 P hiladelphia
715,9
73,g
73, . a t j
7V
37,000
31,000
31,000
7 sj »®93
7^16
73,8
E gypt, Brazil,dec. ,aflt f o r E’r'p e
33,000 A u g u sta . . . .
7*18
73ia
Stock in U n ited S tates p o r ts .. 772,881 835,202 1.054,557 C 18,539 M em phis....
7*18
7*16
7*18
7*18
7V
7M
7M
7V
Stock sn U. S. in te rio r to w n s.. 265,966 380,434 390.444 299,375 St. L onia___
75,6
_
719
719
I'-g
7%
16,505
21,076
7,296
73,e
U nited S ta te s e x p o rts to -d ay .
11,461 H o u sto n _
7 t la
in c in n a ti..
71,8
71,8
71,8
71,8
77,6
T o ta l visible su p p ly ........... 4.215,343 3,975,341 4,444,777 3,342,175 C ouisville...
L
75,8
75,8
75,8
75,6
7*8
7%
Of the above, to ta ls of A m erican an d o th e r d escriptions a r e as follow.-:
A m tnean —
The closing quotations to-day (Friday) at other important
Liverpool -to o k .............. b ales. 1,557,000 1,892,000 1,486,000 8 8 2 , 0 0 0
C ontin en tal s to c k s .................... 749.000 654,000 581,000 4 5 8 . 0 0 0 Southern markets were as follows.
A m erican afloat fo r E u ro p e ... 242,000 190,000 360,000 3 2 4 . 0 0 0 A tla n ta ............ 7
L ittle R ock___
6 i 8 N ew b erry .........
6%
U nited S ta te s slo c k ................... 772,381 835,202 1,054.557 643,539 Colum bus, G a. 6 %
M ontgom ery...
71,9 R a le ig h .............
6 7g
U nited S ta te s in te rio r sto c k s.. 265,966 380.134 390,144 298,375 Colum bus, Miss 6 u !a N a s h v ille .........
719 Selm a............. . .
7
U nited S ta te s e x p o rts to-day.
7,296
16,505
21,076
11,161
N a te h e z ........ —
719
71,8 S h re v ep o rt___
6%
T o tal A m erican.....................3,594,143 3,403,141 3,873,077 2,b22,3; 5
R e c e i p t s f r o m t h e P l a n t a t io n s . —The following table
A asl Indian, Brazil, t&c. —
L iverpool s to c k ........................ 302,000 249.000 268.000 297.000 indicates the actual movement each week from the plantations.
5,000
London s t o c k ..............
7,000
17.000
16,500 The figures do not include overland receipts nor Southern
C ontin en tal sto c k s..................
112,200 107,200 110,700 117.300 consumption; they are simply a statement of the weekly
In d ia afloat for E u ro p e ............ 163,000 115.000 115,000 258.000 movement from the plantations of that part of the crop which
E g y p t, B razil. Ac., aflo at.........
37,000
31,000
31.000
33.000
T otal E a s t In d ia, Ao........... 6 2 i,2 0 0 507,200 571,700 719.500 f in a lly reaches the market through the outports.
T o ta l A m erican................... 3,594,143 3,468.14 1 3,973,07 7 2.62 2 375
Receipt* at the Port*. SVk at Interior Town*. Rec'pt* from P la n t’tu.
Week
T otal visible su p p ly ........... 4,215,343 3,973,341 4,444,777 3,342.175
Ending—
M iddling U pland, L iverpool..
43„<L
4%d.
3»i*d.
tT
«d,
1ziri. f 1593. | 1894. | 189*. | 1833. 1891. 1892. 1B93. 1894.
M iddling U pland. New York.
7 G , e.
8=&c.
611, c.
9c.
E gypt GOod Brown. Liverpool
3 l i t d.
5a < d .
.
4 5*d.
e q d . Feb. 2 3 ........ l t- f .e e s es.iw S a s s i t s s . n e M S .s s i 363,821 116.659 62.796 69,949
Peruv. Rough Good, Liverpool
513, *d.
B ^d.
7 V I.
S 'h .d . M c h . 2 . . . . . 119.766 *5,011 07 >58ji0 9 ,0 6 7j433,07S 317,040 96,078 59.225 51,077
Broach F in e. L iv e rp o o l. . . . . . .
4%d.
5d.
3 V I.
’* 9 „ . . . W .3^Sj 4 5.575 7 0 .0 5 1 4 1 9 .3 9 3 419.038 322.111 73.722 41,635 46,122
T inneveily Good, Liverpool.
.. ■
* * ls d .
4’a.l.
3**d.
.
4 U lad.
* 1 6 . .. .. 92, 1B0| 47.9811 00.530[453.S93‘409,162 301.811 68,686 38,855 49,233
*
X W The imports into Continental ports the past week have
* 23...... 65 156 63*111 49.355 426,d f ti’HOl.l 11 287.155 37.957 37,000 31,096
*
b e e n 98,000 bales.
“ 30
e & e ib 15.2V2 3 8 0 .G I .V 'l.,3 1 265.966 32,381 48,582 24,103
The above figures indicate an increase in the cotton in sight
to-night of 210,002 b a le s as compared with the s a m e date
in 1893, a decrease of 229,134 hales from the corresponding
d a t e of 1892 and an increase of 873.188 bales over 1891.
a i t h e I n t e r i o r T o w n s the movement—that is t h e receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1892-93—is set out in detail b e lo w .
•v.n <2 SI 2 ® «
O
Vi 5- c a 2 r 7 sc * > > > >■r* 3 » 2 *1
>
l o i j - 5 5 = 2 2 S.SS ; s i =
=
The ahove statement shows; 1.—Tliat the total receipts from
the plantations since Sept, 1 in 1893 are 5.637.758 bales; in
1892-93 were 4,318,367 bales; in 1891-92 were 0,816,626 bales.
2.—Tliat although the receipts at the outports the past week
were 45,292 bales, the actual movement from plantations was
24,103 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantation s
for the week were 48,582 bales and for 1892 they were
32,381 bales.
O v e r l a n d Mo v k m e n t
S
H
fo r th e
W
e e k a n d s in c e
®0
•t w *
:5‘A z >*?“I ? ► ! - s s t s l S q
z
vt g :
0=5
1 1 1
E5
I
|i
*: : :
?•:
: ► * i .: : j ; 3 M :
1893-94.
C
C
MareM 30.
>
C » a 9 9 0 * 1 6 » 9 9 « '4 » « 9 « H M « > e # ,U ^ a o w i 0 * - « 0 ® ®
D
«
9 O
»
-»
V
MH
M
*3
* .x
* r
£*
=
5
■
■ &
■
* 0 *1tw*- «4 w ® G O O « O to ** —© * 10• k- to tc Mtc «* -J C O (O*S
“
o»
to
to
4-
w
s
«
•
S
C
C
to
50
**
a
w
to
tp
frC
y
J?
i\%
X *
~s ? 2
—s
!0
to
|’J
W
*
-»
m ocA-*
•aOB»-*AO- x3S9* » « » i© - c c u » 0 4 :
0 ® * e « o m ® f o dn 3.C
&
S e p t . 1 .—
We give below a statement showing the overland movement
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all
the principal matters of interest are given. This weekly
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Mch. 30
and since Sept. 1 in the last two years are as follows:
co
?>o x O '» « * i »5.
•*
©
€* »
* •«
M
*
&
to SO Q ; ecr
KO
p c * * - ~*r W« ? ~ K « » M K S - I **- li ‘z tr X 7t ’ £?:*
« ’© x ©i
tousV «<5
»i li ©
■ C t^©C» -«• © 0 9 « a S c #» T #-*-©&:•» © A
J* 0
.
H X 'JU
5a s - >
, = = !60
|o
h»
«
jf*
$ J
’
Week.
g A tp jx d Vla 8t. L oal*..................................
Via C airo................... .....................
Vim H an n ib al.................................
7,635
2,326
20C
V laC in o io n atl............................. .
Via o>her re n te* . A c..................
3,121
1.316
1,165
T otal g row o v e rla n d . . . . . . . . .
Deduct thiirmenU—
Since
Sept. 1.
*70,792
209,3d,
13,676
6,936
88,079
92,113
109.755
1892-93.
Week.
4,906
2,186
115
1,022
573
2,743
Nino*
Sept. X.
364,007
172,953
136,861
13,885
103,596
80,060
136,517
15,663
900,715
11,515 1,007,879
O rc rla n a to Iff, V., B o sto n . <*o..
Batwecm In te rio r to w n * ............
In la n d , Ac., from Sontb . . . . . . . .
1,300
25
1,946
351,781
21,117
80,231
9,057 220,757
T otal to be d e d u c te d ................
3,271
353,429
90
791
21,531
52,069
10,638
291,357
L eaving to ta l n e to v e ria n d * .. 12.392 637,286
1,007 713,522
»
a
* In c ln d io g m ovem ent by r a il to C anada
?2
to tO »5«-'*aSTD
10
0
a
—^ r* * * * ^ Q K ^Q 6M > 9C «IO O O ft SO »frJi»»;gPw lrBtty;
ar ^
T h e f o r e g o i n g s h o w s t h a t t h e w e e k ’s n e t o v e r l a n d m o v e m e n t
W 9 5 * 4 O C f- 9 » 0 0 'i^ 0 c r) 0 0 C x y > 0 0 U i/jc C i—
s ‘3
jr. © , 2 th is y e a r h a s b e e n 12,302 b a le s , a g a i n s t 1,007 b a le s f o r t b e
0
to
*
-*
A.
M
~ j ■ w e e k i n 1893, a n d t h a t f o r t h e B eaeon t o d a t e t h e a g g r e g a t e n e t
*
»
e*
w*c.M 6j o» 0'C
® * 8CM3p 0
45© C3 JL-XTO *. —w ♦ '- © © ‘-•OC ——
*-)
o v e r la n d e x h i b i t s a d e c r e a s e f r o m a y e a r a g o o f 70,336 b a le s .
q w t ’ «*- V'ic'r^*ic‘r ©‘eo"©1d'Cjc
t
15
* © “- & j *WO C w v *5 X jc-sj ,x © * cd x ® © c ri 10
*
1»
D
,
—
1 -e «1cc
1893-64.
1892-93.
> J » i« v O » * © « 4 » 9 » a 9 -a i9 « ® « j« P * i4 .M » S w y i* e y ic o ID
(kt
In Sight and Hpxnncrt’
7 T
®
©
»5
A
id
5 S -. *
©!5k-**0 k-*i»AM'ci
WtJJC'lX
aD&i*.*4Cu
*?M£ 0 7 a * ^ 'X c » « * 0 *rZ2 «
oc l
J« 'l-» ttO © * .C S 0 5 i9 * l© O K “ X X X C C»»S«O eC 9vi-‘l»if r
t:
*-•
©
* *
-*
* oa
—
g
;*
l i3
*^5 « p*cca »-««^D
< » «- —sc0 © a is > ®
» 4
►
to
w%
* 4 0 9 4 8 9 0 S 2 9 i«2 E 0 3tt:> S 5 D to A c?<-*-ld 5 -XAki ii ®
O C O C 9 £ i » C T C 2 so © © C 'lc x x « x
M iilsTilln figure* '* n o t" in b o th years,
f T his y e a r’s figure* estim ated
1 Laet l«sir*a
a r e fo r sh u ra w o , Twitai*. W«^Sr# figarea for
#
raxrw c ity la s t y e a r ; R eceipts, 71; sh ip m en ts, 1,256; stock, 13,190.
Takingt.
Week.
Since
Sept. 1.
Week.
Since
Sept. 1.
Receipt* a t port* to M arch 3 0 _
_ 45.292 5,467,956 62,559 4.500,567
1,007 713,522
n e to v e r ia n d to M arch 30......... .. 12.392 637,286
to o th e m consu m p tio n to Mch.30 15,000 491,000 14,000 481,000
T otal m a rk e te d .......................... 72,684; 0,596,242 7 7 ,5 665,761,089
In terio r sto c k s In e x c e s s............... *21,189| 189,800 *13,9771 251,800
T o ta l In sig h t M arch 30..
N orth’n s p in n e rs ta k ’gg to M'b.30:
* D ecrease d uring week.
6,786,042
......... 6,012,889
......... 1,171.613
......... 1,430,617
The above totals show that the interior stocks have decreased
during the week 21,189 l»ale» and are now 111,183 bales less than
It will be seen by the above that there has come into sight
at same period last year. Die receipts at ail the towns have during the week 51,495 bales, against 63,589 bales for the
been 8,321 bales more than same week last year and since same week of 1803, and that the increase in amount in sight
Sept. 1 are 1(9,3 > bales m ore than for same time in 1892-93,
1
to-night as compared with last year is 773,153 h i eg.
560
THE CHRONICLE.
W e a t h e r R e p o r t s b y T e l e g r a p h . — O u t telegraphic ad
vices from the South this evening denote that the weather has
been unfavorable as a rule during the week. The tempera
ture has been much lower generally, falling to twenty at
Columbus, Mississippi, and at many points there has been
killing frost, destroying young vegetation. While no particu
lar injury has occurred to cotton, as but little is above ground
even in the earliest sections, farm work has been retarded.
The rainfall has been light in most districts. Snow is reported
in a few sections.
Galveston, Texas —We have had rain on two days during
the week, the precipitation reaching twenty-four hundredths
of an inch. The thermometer has ranged from 38 to 70, av
eraging 54.
Palestine, T exa s. —Frost occurred the past week. It has
rained on three days of the week, the rainfall reaching eleven
hundredths of an inch. Average thermometer 43, highest
59 and lowest 26.
H un tsville, T exa s. —There has been hard frost. We have
had light rain on one day during the week, the precipitation
being eight hundredths of an inch. The thermometer has av
eraged 48, the highest being 66 and the lowest 29.
Dallas, T ex . —The weather has been cold during the week,
with hard frost but no rain. The thermometer has averaged
42, ranging from 25 to 60.
San A n to n io , l e x a s .— Dry and cold weather has prevailed
during the week. The thermometer has ranged from 32 to
62, averaging 47.
L utin g, T exas. —There has been no rain all the week. The
weather has been cold. Average thermometer 47, highest 62
and lowest 32.
Colum bia, l e x a s . —We have had rain on one day of the
week, the precipitation reaching six hundredths of an inch.
The thermometer has averaged 49, the highest being 60 and
the lowest 36.
C uero. T exas. —The weather has been dry and cold the past
week. The thermometer has averaged 50, ranging from 33
to 68.
Brenham , T exas. —We have had rain on one day of the
week, the precipitation reaching five hundredths of an inch.
The thermometer has ranged from 32 to 61, averaging 46.
B elton , T exa s. —There has been no rain during the week.
Average thermometer 46, highest 62 and lowest 30.
F o r t W o r th , l e x a s . —It has been dry all the week with hard
frost. The thermometer has averaged 44, the highest being 62
and the lowest 26.
W ea th erford , T exas. —We have hgd no rain during the
week. The thermometer has averaged 43, ranging from 25
to 61.
N ew Orleans, Louisiana. —We have had ram on four days of
the past week, the rainfall reaching eighty-seven hundredths
of an inch. Average thermometer 51.
Shreveport, L ou isia n a. —Half of the fruit crop and all vege
tables have been killed by the freezing temperature. Some
corn killed. There has been light rain on’four davs of the
week to the extent of fifty-six hundredths of an inch. The
thermometer has ranged from 30 to 58, averaging 44.
Colum bus, M ississippi. —All early vegetables were killed by
the frost. To-day is clear and the prospects are for warmer
weather. There has been rain on two days of the past week,
the rainfall being forty-five hundredths of an inch. The
thermometer has averaged 46, ranging from 20 to 70.
Leland. M ississippi.— W e had one and a half inches of
now and sleet Wednesday night. The week’s rainfall has
been one inch and eighty-five hundredths. The thermometer
has ranged from 26 to 80, averaging 46'4.
M erid ian , M ississip p i —We have had freezing weather on
three days of the week and ail vegetation and young cotton
has been killed. Snow fell here on Thursday. Planting will be
much later than last year. Average thermometer 50, highest
70, lowest 26.
L ittle R ock, A rka n sa s. —Early vegetables and nearly all
fruits, as also the early strawberry crop, were killed by frost.
The weather is now spring-like and turning warmer. We
have had rain and snow on one day during the week, the pre
cipitation being forty hundredths of an inch. The thermom
eter has averaged 39, the highest being 59 and the lowest 24.
H elena, A rk a n sa s. —Frosts have occurred on every night
of the week, heavy on four, damaging crops and gardens.
It has rained on one day of the week, the precipitation reach
ing fifty hundredths of an inch, and there has been one inch
of snow. The thermometer has averaged 40, ranging from 24
"to 58.
M em ph is , Tennessee.—Light snow on Wednesday night.
Farm work has been suspended on account of the cold
weather. There ba9 been rain on two days of the week, to
the extent of ihirtv four hundredths of an inch. The ther
mometer lias ranged from 231 to 61'3, averaging 40'4.
Nashville, Tennessee.—Tbe week’s rainfall has been twentyfour hundredths of an inch. Average thermometer 37, highest
60, lowest 18.
M obile, A la ba m a .— Planting preparations have been consid
erably delayed by wet weather. It has rained on three davs
of the week, the precipitation being one inch and eightyseven hundredths. The thermometer has averaged 49, the
highest being 70 and the lowest 30.
M on tgom ery, Alabam a. —We have had hard frost in this
vicinity the past three nights and all vegetables aDd fruit
have been kdled, as well as some young corn. Cotton plant
ing retarded somewhat. There has been rain on three days
of the past week, the rainfall being one inch and thirteen
IV O L.LV III.
hundredths. The thermometer here has averaged 46, rang
ing from 37 to 54.
Selma, A la ba m a . —Killing frost occurred on Sunday night.
There bas been rain on two days of the past week, the pre
cipitation being eighty-five hundredths of an inch. The ther
mometer has ranged from 23 to 70, averaging 46.
M adison, F lo rid a .— Considerable damage has resulted from
frost. The week’s rainfall has been four inches and eighty
hundredths, on three days. Average thermometer 54, highest
70 and lowest 28.
Columbus, G eorgia.—There has been rain on two days of
the week, the rainfall reaching seventy-four hundredths of an
inch. The thermometer lias averaged 46, the highest being
73 and the lowest 23.
A ugusta , G eorgia, —The recent cold snap was disastrous to
early vegetation and fruit. We have had rain on two days of
the week, the precipitation reaching one inch and seventeen
hundredths. The weather is now clear and pleasant. The
thermometer has ranged from 25 to 80, averaging 50.
Savannah, G eorgia. —There has been rain on six days of the
past week, the rainfall being one inch and thirty hundredths.
The thermometer has averaged 55, ranging from 31 to 84.
Charleston, South C arolina. —We have had rain on two
days of the past week, the rainfall reaching fifty hundredths
of an inch. Average thermometer 45, highest 60 and lowest
32.
Stateburg, South C arolina. —The frosts of Monday and
Tuesday nights were disastrous to gardens and orchards and
probably to young corn. It has rained on two days of the
week, the precipitation being one inch and eighty hundredths.
The thermometer has averaged 55 6, the highest being 87 and
the lowest 26,
W ilson, N orth C arolina. —There has been rain on two days
of the week, to the extent of one inch and seventy-five hun
dredths. The thermometer has averaged 48, ranging from 24
to 90.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock March 29, 1894, and March 30, 1893.
Itch. 29, ’94. Mch. 30, ’93.
Feet.
Feet.
13*3
22*0
13*1
31-4
43-0
New O r le a n s ...
M em phis.............
N ashville............ ___A bove low -w ater m a rk .
8 h re v e p o rt.........
V icksburg...........
136
24-9
81
20-0
430
I n d ia C o t t o n M o v e m e n t f r o m a l l P o r t s . —The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to March 29.
BOM BAY R E C E IP T S AND SH IPM EN TS F O B F O U R YEA RS
Shipments since Sept. 1.
Shipments this week.
Great
Tear Great Conti
B rit’n. nent. Total. B ritain
*93-4
’92-3
’91-2
’90-1
Total.
Conti
nent.
4.000 26,000 30.000 36.000 346.000
25.000 25.000 15.000 337.000
4.000 27.000 31.000 24.000 246.000
13,000 87.000 IOO,coo 53.000 411.000
Receipts.
This
Since
Week. Sept. 1.
382.000
352,<00
270.000
494.000
56.000 1.003.000
75.000 803.000
65.000 750.000
74.000 1.226.000
According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts of
18,000 bales and an increase in shipments of 5,000 bales, and
the shipments since Sept. 1 show an increase of 30,000 bales.
The movement at Calcutta, Madras, and other India ports for
she last reported week and since the 1st of September, for two
years, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Ooconada.
Shipments fo r the week.
Conti
nent.
Shipments since Sept. 1.
C alcutta—
1,000
1893-94...
1892- 93... 2,000
M adras—
189394 ...
1892- 93 ...
All o th e rs—
1893 9 4 ...
1892 9 3 ...
Total.
5.000
3.000
Great
B ritain.
Continent.
8,000
6,000
26,000
17.000
34.000
23.000
23.000
13.000
Great
B ritain.
17.000
7,000
40.000
20.000
6 000
5,000
Total.
3,000
24.000
21.000
33.000
30.000
57.000
51.000
8,000
3,000
T otal a ll—
189394 1,000
...
2,000
1892-93...
3,000
9.000
5.000
55.000
40.000
76.000
54.000
131,000
94,000
The above totals for the week show that the movement from
the ports other than Bombay is 4,006 bales m ore than the same
week last year. For the whole of India, therefore, the total
‘hipments since September 1, 1893, and for the corresponding
periods of the two previous years, are as follows:
E X PO R T S TO E U R O P E PR O M A L L IN D IA .
1892-93.
1893-94.
Shipments
o all Europe
fr o m —
This
■meek.
lo m b a y ...........
\ n o th e r ports.
30,000
9,000
382.000 25.000
5,000
131.000
T o ta l..........
39,000
513,000
Since
Sept. 1.
This
w eek.
30.000
Since
Sept. 1.
1891-92.
This
week.
Since
Se})t. 1.
31,000
270.000
119.000
446,000 31,000
389.000
352,000
94,000
arrangenente we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
She movements of cotton at Alexandria, Egypt. The following
sre the receipts and shipments for the past week and for the
corresponding week of the previous two years.
A l e x a n d r ia R e c e i p t s
and
S h i p m e n t s .— Through
THE
March 31, 1894.]
A U m n d ru i. Egypt,
Month 23
1891-92
1893-94,
1892-93.
70.000
4,331.000
T h is
Since
week. Sept. 1.
TMs week_
_
ain e e S e p t. 1.
C H R O N IC LE .
13,000
5,045,000
T his j Since
week. Sept. 1.
4 5 ,0 0 0
4 ,5 6 9 0 0 0
TM s i St nee
week. Sep!. 1.
561
T he to ta l co tto n a re a of th e P residency is ab o u t 10 p e r oeut above
la s t y ear’s area, a n d ap p ro x im ately tile sam e p ercen tag e above av e r
age. The in crease is alm o st g en eral an d is due to favorable sow ing
rain . T he D eccan is th e only d is tric t t h a t h a s a sm a ller a re a th a n la s t
y ear. T he o u t-tu rn is expected to be as m uch as th a t of la s t y ear, b u t
43 o e r c e n t below th e fa ll s ta n d a rd an d 3 p e r ce n t below average.
P ric e s are lo w er th a n la s t y e a r.
J b t e B u t t s , B a g g in g , & c ,—-T h e d e m a n d f o r b a g g in g
d u rin g th e w e e k u n d e r re v ie w h a s b e e n e x tre m e ly lig h t, b u t
■ K 3 B S S 2 ? : ......... 9,000*270,000 4.000 248,000; i 4.0001231.000 p r ic e s a r e n o m i n a l l y u n c h a n g e d . T h e c lo s e t h i s e v e n in g is a t
172 f000 f o r 1?., lb s ., S5<jC. f o r 3 lb s. a n d
ro C o n tta e n t............. 3,000,201,000 2 .0 0 0 j2 33 ,00 0 ,! 6 .0 0 0
5 |c .
fo r s ta n d a rd g ra d e s
T otal Europe........ 12,000 471.00 il e.OOOilSS.OOO 10.000 46S 000 i n a j o b b i n g w a v . C a r- lo a d lo ts o f s t a n d a r d b r a n d s c o n t i n u e
a t 5c. f o r \ % lb s ,, 5J£e, f o r 2 lb s, a n d 6 c. f o r 2L£ lb s . f . o. b, a t
'* A e a n ta r is 9.3 pound.-.
N e w Y o r k . J u t e b u t t s c o n t i n u e d u l l a n d f e a t u r e le s s a t l;?gc,
T h is statem ent shows th a t the receipts for th e week ending
f o r p a p e r g r a d e s a n d 2 s4 fcb2 % c . f o r b a g g in g q u a l i t y .
Mch. 38 were 70,000 eantars and the shipm ents to all Europe
12,000 bales,
Manchester Market . —O ur report received by cable to-rught
fro m Manchester states that the m arket is dull for yarns and
s te a d y for sheetings. The demand for both home trade and
foreign m arkets is improving. We give the prices for to-day
below and leave those for previous weeks of this and last year
for comparison:
1893.
1894.
32s Cop.
Twist.
d.
F». 2-3,6%
Msh.2 6%
'• 9 >>*s
" 16 6%
*• 22 6%
* 3 0 « i !6
*
d.
*7%
*7%
»~ H
*7%
07%
»7%
(lOU 'll
M m . 32* Cop.
Twist.
Vplde
8 H tb*.
Shirting*.
s.
5
5
5
5
5
5
4.
s.
3 % »7
3>4C7
3 ®7
3 37
3 ml
3 37
a
.
d.
4»t«
3
3
41 j 8
1-Us
2
I ’ s 4%
11* 4%
1% 4-hs
1 d.
d.
8M 39
18% ®9
4% ff9
-8% » 9
,8%
'3>» *SVs
SH U
>*.
Shirtings.
........... - .
S. a . S
5 101* 6 7
5 W H ST
5 10%i®7
5 10 % 9 7
510% *7
5 10>*»7
d
4%
5
5%
a
U
B
Ooti'r
M id
V pia
d,
5L«
61,*
p m
5
•ltt
Sea I sland Cotton Movement.—We have received this
(Friday ) evening by telegraph front the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night {March 30) and since
Sept, 1, 1893, the stocks to n ig h t, and the sam e items for the
corresponding periods of 1892-1(3. are as follows,
1892-93.
Receipt* to M arch 30.
This
93 63,797
17
-.>,208
3,411
B avanisah..
C harleston..
Florida, h e .
Btoek.
This j S in m
Sines
Sept. 1. week. \SepL 1, 1894.
1893.
2*4 32.865 4,602 7,767
34-: 5,932
842 1,278
56; 3,778 1,996
472
S h i p p i n g N e w s .— T h e e x p o r t s o f c o t t o n f r o m t h e U n i t e d
S ta te s t h e p a s t w e e k , a s p e r l a t e s t m a i l r e t u r n s , h a v e r e a c h e d
70,575 b ales. S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e d , th e s e
a r e t h e s a m e e x p o r t s r e p o r t e d b y t e l e g r a p h a n d p u b lis h e d i n
t h e C h r o n i c l e ’l a s t F r i d a y .
W ith re g a rd to N e w Y o rk w e
in c lu d e t h e m a n i f e s t s o f a l l v e s s e ls c l e a r e d u p t o T h u r s d a y .
Total bides.
Ne w Y o sk - T o L iverpool, p e r ste am ers A laska, 3 ,6 9 0
Bovle,
4,354___V ictoria, 3 7 5 ................................................................... 8,419
To Hull, p e r ste am er Buffalo, 1 ,9 6 4 ................. ....................... 1,964
To H avre, p e r steam er L a B retagne, 120 Sea I s l a n d .............
120
To Bremen, p e r steam ers A lter, 3 0 0 — B raunschw eig, 1 .101 1,401
To H am burg, per ste am ers R ugta, 200— S eandla, 5 1 2 ___
Sorrento. 698......... ................................................................... —
1,410
To A ntw erp, p e r steam er W esternlam h 81 4 ..............................
814
To Genoa, per ste am ers San Giorgio, 2 ,282___W erra, 1,034 3,316
To Lisbon, p ar ste am er Vega, 500.................................................
500
To 1-egkora. per ste a m e r San Giorgio. 5 5 0 ................... ...........
550
To Naples, per steam er K ronprlnz Friedrich W ilhelm, 2 4 7 ..
247
New O rleans —T o Liverpool, p e r ste am ers A stronom er, 5.800
. . . Cuban, 3,650___F la rm s n , 3 ,1 5 0 ___ N icaraguan, 7,500
Pallas. 5 ,3 0 0 ................................................................................... 30,400
To H am burg, per steam er S trait* of M agellan, 3 ,750............. 3 ,750
To B arcelona, per sh ip M areellna Ja n e , 1 ,0 0 0 ........................ 1,000
S avannah —To St. P etersburg, per b ark K uro'jord, 2 .5 0 0 ........... 2.500
OaxaiBSTOs—To B arcelona, p e r b a rk S eb astia n s, 2,200 ........... 2,200
No m o l k —To H am burg, per steam er D eptford, 324. ..................
324
west P o n rr— o Oftent, per -••• uue.r Torm ore, 4,881 ..................
1
T
4,861
N ew po r t N e w s — o L iverpool, p e r steam er R appahannock,
T
1.901......................
1,901
Boston — Liverpool. per steam ers G eorgian. 14 ...L a k e Win
To
nipeg. 1,235. . . . M ichigan, 517 upland a n d 517 Sea Islan d
....O tto m a n , 1,475.............
3.75S
Ba lt w o r r — H i re, i?er steam er* Venango, 100...............
To
100
To H am burg, p e r st--«m ar Polyne-d*. 10 0 .................................
100
To R otterdam , tier ste am er Chicago, 4 0 0 .................................
400
To Antwerp. P** ste a m e r H erm ann, 20 0 ................................
200
PatLAiiKU iiiA t o Liverpool, per steam r Ohio, t o .....................
40
300
To A ntw erp, p er steam er P ennsylvania, 30 0 ...........................
110 59,416
Total..
334 42,372 7,440 9.517
Total......................................
70,575
The experts for the w »elc en ling this evening reach a total
T h e p a r t i c u l a r * o f th e s e s h i p m e n t s , a r r a n g e d i u o u r u s u I
of 240 bales, of which 120 bales were to Great Britain, 130
to France and — to Reval, and the am ount fe.trwarded to f o rm , a r e a » f o llo w s :
Si,
Northern mills has been 1,080 bales. Below are the exports for
Bremen Hotter- Petersthe week and since September 1 in 1893-94 and 1893-93.
P iterA Ham- dam it burg ,f South
• Week E n d in g Mch, 30. Since Sept. 1 ,1 8 9 3 , X orth'n MM*.
frvm —
Great Wr*nm
Great
Total. B r ifn .
lB r ifn , dkt.
“avsiu ish .
f i f f i d ::::::
New York
....... .
Boston . . . .
120
Baltim ore , . | ........
T o ta l.....:
120
Me.
Mnt4
Total* \ Wm$k Sept. 1,
22,932 1 3 * 8 24,788: 1,080 16,238
38.5
17
1,09*
125
f t
2.981
1*20 2.771 1,917 •4,0fi l .......
120 3,378
3f3?S
7*1 ............ .aw...
............
340 29.665 3.700 33,433 1,090 20,313
*1™
“ xm
120
pool. B u tt, H aem . burg. X ntm 'p. (IhentJiurope. Total.
Sew Y ork. 8.419 1,964
120 2.811
814 ......... 4,613 18,741
1,000 35,150
N. Orleans. 30.400
3,750
2,500
2,500
S av an n ah ................
2,200
i ’libo
Charleston.............
324
324
Norfolk......... .....
Vest P oint .........
4,361
4,861
1,901
NVt News J,«H
3,758
Boston___
3,758
io o
io o
600
800
am tim er * . . . . . . .
340
300
PfelhMW’a..
40
44,518
1,964
220 6.935
1,714 7.361 7.813
70,575
i
l
Below we add the clearance.) this week of vessels carrying
ToL 1*92-93 1.113
55 1.168 13,757 1,487 1-3,244:
180 19,523 cotton from United State* porta, bringing our d ata down to
A considerable portion o f the Sea Island cotton shipped to th e latest dates:
foreign ports goes via New York, and some small am ounts via O i v n m M Tu Liverpool .K arsh 3 7 —S team er Alieia, $ | H .
Boston and Baltimore. Instead of including this cotton for N ew OatEAk*—To Liverpool - M arch 26 -S te a m e r IVin, ClllTe, 6 ,5 0 0 ___
March 30—s te a m e r K lectrlclan, 5,065.
the week in which it leaves the Southern outports, we follow
To Brem en—M arsh 26 - s te a m e r Mk.o pal*. 7,10 j .
the same plan as in our regular table of including it when
To H a m b irg —M arch 28 A ucim -r fStllfornl*. 3,199,
actually exported from New York, Ste. The details of the 0AVAJWAU—To B arcelor,a—M areb 2 9 —S team er M tram ir, 5,915.
shipments of Sea Island cotton for the week will be found B bossw iok —To Breinon -M arch 22 -8t- im er Sir G a rn e t Wolseley,
3.175.
under the bead “ Shipping News," on a subsequent page.
BosTOs—Tr> Liverpool— arch 2 0 — team er Dohim blati, l . . . M arch 23 M
S
Quotation* March 30 a t Savannah for Florida*, common.
Steam er C atalonia, 2.957 ...M a rc h 2 6 -S te a m e r Sagam ore, 705
....M a rc h 27—S team ers P alestin e, 732 u p lan d nod 120 Sea Islan d ;
13c.; medium line, 15)^c.; choice, lit j c .
P
Charleston, Carolina*, medium fine, 20 to 22c.; fine, 30 to Ba l t ihhiladelphian, 57. -.M arch 21—S team er D resd en , 3,098.
o k e - fu B rem en
35c.; extra fine, 40 to 50c., all nominal.
TO R otterdam —M arch 33—S team er Delano. 300
PiitLAUSU titA -T o Liverpool - M arch 27 -S te a m e r B ritish P rin c e, 125
The following exchange* have been made during the week:
Cotton f r e i g h t s t h e pant week h a v e been as fotlows:
• 2 1 1*to rx.’ft' ? , 400 Apr. for Bens. •06 p i t to oieh. 800 Ar>r. for May.
*
1 0 . * 1‘ ■ 1•? ? ? 4 p r fu r Any. •21 i»l. to «*«h. SCO Apr. for — pr.
*
•21 pd to e x e h . 11.1 0 0 A p r.fo t J u ly •19 pd. to
"21
U 200 Apr. fur July.
.
Pri,
Scaur.
Thurs.
Mon.
Tue*.
pit. to excii. I ,«. m>May fur Aug. •01 p4. to e x ell. 100 Mch. tor Apr
1*1- to ex o li. 1.800 Apr, for J ’a e •23 p it to e x e h . 1,000 Apr, fo r Aug. Liverpool, itoam .d
9U
y*4
»84
»s*
Pd. toescii. too Men, for May. •13 prt. to #*oh. J0O M ay for Ju ly .
Do
...........d.
.. .. ..
.. .. ..
pd. to e x e k . 9 00 Apr. for May. •27 pd. to axeb. 200 Stay for Deo.
1 ,1st. to exefi. 900 M ay fo r Ju n e, •Oi pi!, to e x e ji. :iOO Ju ly for Wept. H avre, steam ...it.
27% '
27V
27 V
27 >9*
27 V
s
‘14 pH, to %mh, 300 Apf, fo r Jm i«.
* fS « ^ toftxeb. t / i m Apr. for Ju ly .
•00 t»t. to i-it.-h. 200 Jo ii'i for Ju ly .
•31 HO. to exoh, 400 Apr. for Aug.
to
H OApt* 3 r m , •09 pd. to ejtob. 100 Apr. for Ju n e ,
O
for
•24 pd. to ®xeb* 1»?W Apr, for ah#.
E ast
I ndia
Cro p P rospects . - T h e
following
is from
Meat's,; Qaddom, Bythell Sc Cow’s report, dated Bombay,
R#ipsr#i«g: ttte D boltera nmtl Brsm&h erofm, fertotw re p o rts a;ro to
m m i m M t m em ptm m will im mtteM v m sllsr tita n h m b ltb e rto ft©cm
tew, owla g 10 It*# tiQfaroraoio. sflfaet of !&»• wm,Umr drirlti$r the past
'wmMM, fme fear of a am sltar orop
prison of thn*e tld.h«Hp. • 6ott.sjilor»l4y' e a rlie r in ttio woote, i*«tt tb© f
fell to
JP ® *
#«y«l o f Ititt wt»lt. t&fl dimiolAbed
o f cation from
t ^ Ooaarii. atsfrlet* are
to im e&a*e<t tty tbo fartuerg p&jriiijr m ore
mmmttrmM Ai to w to tfrelr iloiKjed %a*l ©tiler crops. Dbfflkrifcs are arfair
t o 4 c&e B roach #i*a$w>u m ay a o tr i> .said to
»*
com m enced.
S
..
..
....
Do
la te r.. ...d .
w*«s •
Srem en, Atoani. .il.
“ *s
»84
S164
»84
»84
Do
l a t e r ... d.
.. ..
.. ..
....
..
..
H am burg, ateam d.
-4
S43
*32
8sa
5S1
..
..
4 ...
..
..
Do
later..d .
-=
...f
25t
231
Ams’dam , st«am ,e.
e
251
251
231
.. ..
.. ..
....
..
.
Do
la te r, .e.
*--*w
devai, steam ..d .
l384
13«4
1V
.4
m ,
Do
................d,
....
..
..
. . . .
.. ..
.. ..
8’lona, d i r e c t ...d j
..
..
. . . .
Genoa, s te a m ...d.
3lfl
H fi
316
he
He*
Trieste, v ia Hull,ef,!
l n«4
r 'M
«S4
” 84
%
A ntw erp.steam .rf.
’a
%
%
!S
' Cent* per 100 lbs. an d prim age.
t C ents par 100 lbs.
L iv e r p o o l , —By cable from Liverpool we have the following
, r h e Calcutta P rice Current of February 2-8 gave the follow
ing final memorandum on the Bombay cotton crop for 1893-4: statem ent of the week’s sales, stocks, &c,, a t th a t port:
THE CHRONICLE.
562
Mch. 9.
Sales of th e w eek........... bales.
Of w hich ex p o rters t o o k ....
Of wliioh sp ecu lato rs to o k ..
Bales A m erican...........................
A ctu al e x p o rt..............................
F o rw ard ed...................................
T o ta l stock—E stim a te d ............
Of wliioh A m erican—E atim ’d
T o tal Im p o rt of th e w eek.........
Of wliioh A m erican ................
A m ount aflo at...........................
Of w hich A m erican................
Mch. 16.
Mch. 22.
Mch. 30.
31.000
44.000
63.000
66,000
1,000
3,600
2,100
1,000
1,000
300
1,900
2,000
27.000
37.000
54.000
57.000
5,000
7,000
3,000
3,000
53.000
43.000
67.000
74.000
1.825.000 1.840.000 1.859.000
1,800,000
1,528,000 1.531.000 1.542.000 1.557.000
67.000
72.000
98.000
127.000
48.000
50.000
64.000
108.000
145.000 125.000
167.000 146.000
150.000 130.000 125.000 105.000
[V ol . L V III.
pretty well liquidated. The spot market was firmer but
quiet. No. 2 mixed sold at 46c. in elevator and 47c. delivered.
D A I L T CLO SIN G P R IC E S O P NO . 2 M IX E D CO EN .
Mon.
Sat.
Mar ('ll delivery...............o.. ....
.0
A pril deliver}'.................o. 42%
May d e liv ery .................. 0. 4238
43*a
42 *a
42%
43%
Tues.
Wed.
Thurs.
453s
43^8
43%
44%
42%
42%
43%
46*s
43
42%
43%
Fri.
46
43%
42%
44
Oats for future delivery have been dealt in with a fair de
gree of freedom, and prices have advanced on reports of dam
age to the growing crop by the cold weather at the West.
The spot market has also advanced, but the improvement in
The tone of the Liverpool market for spots and futures eat h prices has checked trade. Yesterday the sales included No. 2
day of the week ending March 30, and the daily closing prices mixed at 35%4t36c. in elevator and No. 2 white at 39J^@39%c.
in elevator. The market to-day was quiet but the remote de
of spot cotton, have been as follows:
liveries werefractionally higher in sympathy with the strength
of the other grain markets. The spot market was firm but
Spot.
Saturday Monday. Tuesday. Wednes. Thursd’y. Frictai ,
quiet. No. 2 mixed sold at 36c. in elevator and No. 2 white
Fair
at 39%e. in elevator.
?
M arket, l
Steady. Harden’* business
1:45
p .
tendenoy.
m. j
4%
M ld.U pl’d s.
t>
C5
(Spec. & exp.
*3
Futures.
C
M arket, ?
1:45 p. M.J
M arket,
4 P. M.
>
CO
>
<3
to
C
to
•o
c
10,000
500
12,000
500
*>16
12,000
500
Steady at Steady at Steady at
1-64 ad- partially 1-04 ad1-64 adv.
ranee.
vanee.
Quiet and
■teady.
?
$
doing.
Steady. Quiet and
steady.
The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
The prices are given in pence and 6 U ht. T h u s: 3 63 m ean*
8 63-644. a n d 4 01 means 4 1-644.
(Saturday, M onday an d T uesday—M arch 24, 26 a u d 27—H olidays.)
W e d ., M ch. a s .
M arch.......
Mch.-April.
April-May
May-June...
June-July..
July-Aug...
Aug.-Sept..
Sept.-Oct...
Oct.-Nov....
Nov.-Dee...
T h u ra ., M ch 2 9 .
F r i ., M ch. 3 0
Op*n High Low. Clot. Open High Low. Olos. Open High Low. < 1
7 0i
d.
a.
d.
d.
d.
d.
d.
d.
d.
d.
d.
ii
4 01 4 02 4 01 4 02 4 04 4 06 4 04 4 06 4 00 4 06 4 05 4 05
4 01 4 02 4 01 4 02 4 04 4 00 4 04 4 00 4 06 4 06 4 05 4 05
4 01 4 02 4 01 4 02 4 04 4 06 4 04 406 4 06 4 06 4 05 4 05
4 03 4 04 4 03 4 04 4 05 4 07 4 05 4 07 4 07 4 08 4 06 4 08
4 04 4 05 404 4 05 4 06 4 09 4 06 4 09 4 09 4 09 4 07 4 08
4 06 4 06 4 00. 406 4 08 4 10 4 08 410 4 10 4 11 4 09 4 09
4 07 4 07 4 07 4 07 4 09 4 11 '4 09 4 11 411 4 12 4 10, 4 10
4 08 4 09 4 08 4 09 410 4 12 410 4 12 4 12 413 4 11 4 11
4 09 4 10 4 09 410 4 11 413 4 11 4 13 413 4 14 4 12 A12
4 10 4 11 4 10 411 4 12 4 11 4 12 4 14 * 4 14 4 15 4 13 4 13
D A I L Y CLO SIN G P R IC E S O P N O . 2 M IX E D O ATS.
Sat.
March 30, 1894.
There has been a moderate increase in the volume of trade
in the market for wheat flour. The advance in the price of
the grain stimulated home buyers and a moderate business
was done in the trade brands and occasionally an advance of
5@10c. per barrel was paid; but no general advance was estab
lished as buyers were very cautious in their operations. Eye
flour has been quiet but steady. There has been a fair trade
in the choice brands of corn meal at full prices, in consequence
of the firmness of corn, but low grades have been quiet. To
day the market for wheat flour was quiet but steady.
There has been considerable activity to the trading in the
market for wheat futures, and prices have made a fair ad
vance on a brisk demand from “shorts” to cover contracts,
stimulated by fear of damage to the growing crop by the
severe weather throughout the West. In the spot market
prices have advanced in sympathy with the rise in futures,
but business has been dull as the improvement has placed
values considerably above shippers’ limits. No sales were
made yesterday; No. 2 red winter was quoted at Vc. over
May f. o. b. afloat; No. 1 Northern at 4%c. over May in store,
and No. 1 hard Manitoba at 10c. over May f. o. b. afloat. To
day the market was easier during early ’Change in response to
weaker foreign advices, but later became fairly active and
advanced on reports of serious damage to the growing crop
by the recent cold weather. The spot market was nominally
higher; No. 2 red winter was quoted at lc. over May f. o. b.
afloat; No. 1 Northern at 4%c. over May in store, and No
1 hard Manitoba at He. over May f. o. b. afloat.
D A I L Y CLO SIN G P R IC E S OP N O . 2 R E D W IN T E R W H E A T .
S a t.
J u n e delivery.
60%
6138
__
63%
64*a
. 0. 6 5 ^
63%
M071.
6113
62^3
__
64ia
Tues.
61%
62%
62%
64%
65
66
69%
69%
W ed .
63%
64%
66 %
6818
71%
Wed.
35^
35%
35
34%
355s
35%
353s
35%
Thurs.
36
353*
30 H
34 %
Fri.
36
35%
35%
35
FL O U R .
F in e.................. $ kbl. $1 75® $2 00 P a te n t, w in te r............ $3 10®$3 50
Superfine..................... 1 85® 2 15 City m ills e x tr a s ....... 3 50® .......
E x tra , No. 2 ............... 2 00® 230 E y e flour, superfine.. 2 50® 2 85
E x tra , No. 1 ................ 2 20®
260 B uckw heat flo u r....... 2 00® 2 10
C lears........................... 2 30®
275 C om m eal—
S tra ig h ts ..................... 2 75®
3 50 W estern, &e............ 2 50® 2 80
P a ten t, sp rin g ............ 3 50® 4 20
B ra n d y w in e ............
2 70
[W heat flour in sacks sells a t p rices below those fo r b arrels.]
GR A IN .
W heat—
Spring, p e r b u s h ..
B ed w in ter No. 2 ..
Ked w in te r.............
W h ite......................
O ats—M ixed,per bu.
W hite....... ...............
No. 2 m ixed............
No. 2 w h ite ............
Corn, p e r bu sh —
o.
e.
62 ® 76
W est’n m i x e d ......
No. 2 m ixed ...........
63%® 64%
53 ® 65%
W estern y e llo w ...
56 ® 66
W estern W hite___
35%® 37% E y e 39 ® 42%
W estern, n e r bush.
36 ® 37
S tate au d J e rs e y ..
B arley —No.2 W est’n
3 9 %® 40%
S ta e 2 -ro w e d .....
S ..re 6-row ed___
e.
45
46
46
46
o.
48
47
48
49
55
51
56
57
The movement of breadstuff a to market is indicated in tb e
atement below is prepared by us from the figures of the
New York Produce Exchange. We first give the receipts at
Flour.
Wheat.
Corn.
Oats.
Barley.
Rye.
Bbls.imbs Btish.QO lbs Bitsh.bd lbs Bush.32 lbs Bush.48 lb Bu.50 lbs.
F r id a y ,
U
.C514v w ry ..
Tues.
Barley has been quiet but steady, Eye has been dull and
without change.
The following are closing quotations:
Receipts at—
B R E A D S T U F F S .
jM Lcuy
Mon.
35
M arch d eliv ery ...............c. 35*4 4 35
c.
35
A pril delivery................. c. 3514
o.
May delivery...................o. 3 4 %
34%
34*2
J u ly delivery...................e. 3438
62%
63%
64%
65%
62%
63%
67%
70%
68
66%
65%
67
71
The market for Indian corn futures has been quiet but
prices have advanced in sympathy with the improvement in
wheat and on a small crop movement. In the spot market
business was quiet, but prices have made a further advance
owing to the continued squeeze in March contracts. Yesterday
No. 2 mixed was quoted at 47@47^c. delivered, but no business was reported. To-day the market was a trifle stronger
for the distant months in sympathy with the advance in wheat
but March contracts were easier, as the short interest has been
Chicago.......
Milwaukee...
Duluth.......
Minneapolis.
Toledo.........
Cleveland....
3t. Louis......
Kansas City.
Tot.wk, ’94.
dame wk,’93.
Same wk,’92.
Sines Aug. 1.
1893-94......
1892-93......
1891-92......
114,883
149,500
218.626
766.230
109,700
92,047
33,322
64 396
14,400
70,227
128,471
38,600
15,072
2,814
2,010
5,170
30,510
5,400
228,047
151,502
229,019
1,633,331
2,545,709
3,697,622
1,537,325
38,350
10,143
49,270
104,000
35,280
20,802
793,880
419,600
31,538
3,040,188
1,953,332
3,372,234
1,769,084
185,000
241,274
268,800
300
21,271
37,891
234,175
544,400
600
25.203
2,300
12,750
17,500
1,400
2,795,721
1,778,147
1,949,225
566,127
424,035
025,559
60.167
81,154
97.081
31,867
24,600
.....
8,548,023 124,445,405 114.266.844 83,261,083 20,051.223 2,739 804
9,054,267 195,135,486 86,674,150 77,231,577 26,301,701 6,323,205
8,374,977 179,430,913 87,689,221 73,113,988 27,266,521 13,332,678
The receipts of flour and grain at the seaboard ports for the
week ended March 24, 1894, follow:
Receipts at—
Flour,
bbls.
New York..... .......... 149,780
Boston..................... 49,8 <8
5
9,422
Montreal.................
Philadelphia.......... 61002
Baltimore................ 85,640
Richmond...............
3,575
New Orleans ......... 13,867
Total week....... 373,114
Week 1893.............. 388.316
Wheat,
bush,.
Corn,
bush.
Oats,
bush.
7,150
59,400 683.550
2,791 259,268 163,395
1,100
16,274
2,800
30,919 347,859
67,531
62,2 L8 247,673
54."Oo
19,964
4,164
22,186
51,065 207,535
22,695
178,207 1,146,721 1,011.609
522,728 675,472 832,190
Barley,
bush.
62,740
512
i.9,200
82,482
86,533
Rye,
hush.
8,900
4,500
13,400
7,569
The total receipts at ports named in last table from Jan. 1
to March 24 compare as follows fQr four years:
Receipts of—
1894.
Flour.............. ...bbls. 4,128,081
W heat............ .bush. 2,975,220
Corn............... .......... 18,426.019
O ats...............
Barley............ .......... 1,415,972
Rye.................
Total g r a in ......... 30,019,466
1893.
3,870,839
1892.
4,394,454
8.133,577
10.420,128
7,764,873
1,827,225
166,594
28,315,397
17,529,982
41,074,222
11,255,752
2,112,106
1,583,081
73,555.143
1891.
3,089,425
4,1-8,866
9,879,244
7,448,876
1,169,606
123,387
22,799,979
The exports from the several seaboard ports for the week
ending March 24, 1894, are shown in the annexed statement:
W heat.
C om .
E x p o rts fro m —
bush.
bush.
N e w Y o r k .................... 882.898
68 ,4 m4
B o s t o n . .......................... 153,151 134,939
P o r t l a n d . ........................
24,893
P h i l a d e l p h i a ............
74,000
B a ltim o r e ..................... 141,409
476,553
N e w O r l e a n s .............
15,780
139,761
N e w p o r t N e w s ..........
77,739
_
154,531
N o r f o lk ............................................
107,928
M o n t r e a l ...............................................................
T o t a l w e e k .............1.369,861
S a m e t im e 1893.......1,295,894
1,082,206
616,105
Flour.
bbls.
132,722
25,568
179
15,425
Oats.
bush.
7,300
Rye.
bush.
Peas.
bush.
5,078
1,824
25,433
36,050
803
210,737
211,799
7,300
81,139
32.935
25,968
THE CHRONICLE.
March 31, 1S94.J
T h e d e s tin a tio n o f th e s e e x p o r ts f o r t h e w e e k a n d s in c e
S e p t, 1 ,1 8 9 3 , i s a s b elo w '. W e a d d t h e t o t a l s f o r t h e c o r re s p o n d i n g p e r io d s o f l a s t y e a r f o r c o m p a r is o n :
■Stour.W eek
Since Sept.
H rp orts for
1. 1893.
1393,
-week and situ:* M-ar. 24,
bbls.
Sept. I to—
bbls.
4,797,60*2
U n i t e d K in g d o m 141,184
964,3*4
Continent......... . 12,493
S7ASS7
3 . A C. A m e r i c a .. 31.698
733.174
W e s t I n d ie s .-----17,800
B r i t. N . A . Col**.
6.990
24,deS
O lite r c o u n t rie s. 764
T o t a l ....................
T o t a l 1892-93........
310,737
211,799
- W h eat--------- ,
W eek
Since Sept.
M ar. 34.
1 .1 8 0 3 .
bash.
bush.
bush.
741,531 15,379,722
013,488 16,056.488
12,709
42
28,06*1
14.800
116,119
7,653*283 L 3*9.361
8 0 X 1.482 1 0 9 5 3 9 4
W eek Since Sept.
M ar. 24.
1, 1893.
bush.
bUSh.
438,148 19,146,303
025,537 14,357,617
72.6*54
400,104
9.138
40
3,773
70,203
63,808
30,611,118 1 ,082.206 34,110.102
5 u,i25.*i> 7
8 1 8 0 0 5 19,667,408
T h e '
a t th e i
p o r t s , M a r c h 2 4 , 1894, w a s a s fo llo w s :
Oats,
bush.
Com ,
t D l ii it ,
bush
I n store at—
.10.920,000
m ooo
N ew Y o r k ......
. . ..
.
Do
a f lo a t...........
344,000
*8b,bi)6
A l b a n y ................. ...............................
337.000
B u f f a l o ............................ 1*238,000
307.000
Do
a f l o a t ......... .
2O.G0O
5.777.000
C h i c a g o ........................... 20*138,000
6.947.000
Do
a f l o a t ........... 2.196.000
M i l w a u k e e ....................
890,000
Do
a f l o a t ...................................................
381.000
D u lu th ..............................11*208.000
Do
a f lo a t......
202.000
1.107,000
T o l e d o . . . ......................... 3 ,1 4 i ,000
3 06.000
140.000
Do
a flo a t.......... .
48.000
D e t r o i t ............................ 1.933.000
Do
a f l o a t ...........
75G.000
9.000
O s w e g o ..................
20,000
S t . L e n to ..............
3,940,000
$SJt>I 0
C tn c u m a tt.......................
13,000
B e a t o n ..............................
436.000
T o r o n t o ...........................
122,000
4.000
M o n t r e a l ........................
834,000
48«,OUO
P h i l a d e l p h i a ..................
225,000
P e o r i a ...............................
117.000
I n d i a n a p o l i s ..................
205,000
47.000
K a n s a s C i ty ...........
431,000
779.000
B a l t i m o r e .......................
890,000
306.000
M in n e a p o lis ......... .
.U M U M O
48.000
O n M is s is s ip p i H i s e r ...................
*80,000
52,000
‘ *9,000
46.000
838.000
209.000
9.000
160,000
* s.666
’
81,000
4,000
U .0 0 0
51.000
284.000
73.000
110,00*3
18.000
p o
72.000
26.000
5,0(10
T otal a to y s Cpleoes)
7.000
*21,666
u.ooo
18,000
49.000
8.000
40,000
42.000
($000
5,000
23.00*)
21.000
19.185.000
19.739.000
2.713.000
8.509.000
441.000
4*9,000
12. 451.000
4.559.000
S ^ e L ooo
2 ^ 3 6 ,9 2 1
1,702.000
2.3H»,f>40
954.000
680.000
H EM
1473.C00
471,069
1 .3 2 8 ^3 4
1.094,000
T H E DRY GOODS T R A D E .
NEW Y o a x . F rid a y , P . M., M arch 30, 1894.
T h e w e a t h e r c o n d itio n s t h r o u g h o u t t h e c o u n t r y h a r e b e e n
d e c id e d ly u n f a v o r a b le f o r s p r i n g t r a d e d a r i n g t h e p a s t w e e k ,
a n d t h e r e w e r e u n m i s t a k a b l e i n d i c a t i o n s t o w a r d s t h e c lo s e
t h a t th e d is tr ib u tio n o f m e rc h a n d is e b y jo b b e rs h a d b een a d
v e r s e ly a f f e c te d . T o s o m e e x t e n t t h i s h a s b e e n r e fle c te d in
t h e p r i m a r y m a r k e t . T h e d e m a n d h a s r u l e d q u i e t e r in t h e
w a y o f r e g u l a r b u s in e s s , a n d i t h a s b e e n s o m e w h a t less e a s y
t o i n t e r e s t b u y e r s in s to c k s o f f e r e d u n d e r s p e c ia l c o n d i t i o n s .
T h e a t t e n d a n c e o f b u y e r s h a s b e e n l i m i te d a n d s a l e s m e n o n
t h e r o a d h a v e r e p o r t e d le ss e n c o u r a g i n g p r o g re s s . W i t h t h e
r e t u r n o f f in e r w e a t h e r a n e x p a n s io n o f b u y i n g is, h o w e v e r ,
c o n f id e n tly lo o k e d f o r , a s t h e r e is m u c h o f t h e s e a s o n ’s b u s i
n e s s y e t t o b e d o n e i f a n y a m e n d s a r e t o b e m a d e f o r i t s la te
s t a r t . P r i c e s c o n t i n u e d e c id e d ly i r r e g u l a r .
T h e r e is s till
n o ti c e a b l e p r e s s u r e to se ll w h e r e s to c k s o f a n y e x t e n t a r e
b e in g c a r r ie d in b o t h s t a p le a n d f a n c y lin e s , b u t o n t h e o t h e r
h a n d a h a r d e n i n g t e n d e n c y h a s b e e n n o te d in g o o d s d i r e c t l y
u n d e r t h e in f lu e n c e o f t h e p r i n t c l o t h m a r k e t , t h e la r g e b u s i
n e s s a n d t h e a d v a n c e in t h e p r ic e o f c l o t h s h a v i n g a s t r e n g t h
e n i n g e f fe c t o n th e s e . C o lle c tio n s a r e w i t h o u t c h a n g e in
c h a r a c t e r , b e in g g e n e r a lly r e p o r t e d u p o n f a v o r a b ly .
D o m e s t ic C o t i o s G o o d s .—T h e e x p o r t s o f c o t t o n g o o d s
f r o m t h i s p o r t f o r t h e w e e k e n d i n g S ta r c h 37 w e r e 3,818
p a c k a g e s , v a lu e d a t #144,607, t h e i r d e s t in a ti o n b e in g t o t h e
p o i n t s s p e c ifie d i n t h e t a b l e b e lo w :
N s w Yo r k
to
M a s . 27.
G re a t B rita in ............
O th er E u ro p e a n .....................
C h in a .............. .........................
I n d ia ............ .............. ....... . . .
A r a b ia ..................... .
A frica........................ ..............
W est In d ie s............... ........ . . .
M exico................... ..................
Booth A m erica___ _______
O ther ootuitrlee......................
T o ta l...................................
C h in a, v ia V an co u v er* ,...
1894.
1893.
Week. Sxnet Jan. i.
Wet*. Since Jan. 1
194,
37
701
238
21
70
»22
m
2,318
g o o d s a r e i n a v e r a g e d e m a n d , n e i t h e r jo b b e r s n o r e x p o r t e r s
p u r c h a s i n g w i t h a n y d e g r e e o f f re e d o m . B le a c h e d s h i r t i n g s
w e re i n i r r e g u l a r d e m a n d ; s o m e m a k e s f a v o r e d b y t h e m a n u
f a c t u r i n g t r a d e s o ld f a i r l y , o t h e r s r u l e d q u i e t t h r o u g h o u t a t
i r r e g u l a r p r ic e s .
W i d e s h e e tin g s q u i e t a n d u n a l t e r e d .
K i d fin is h e d c a m b r ic s f ir m i n s y m p a t h y w i t h p r i n t c lo th s ,
b u t b u s in e s s o n ly f a i r , a s i t is i n o t h e r lin in g s . D e n im s , tic k s ,
c h e v io ts , c h e c k s a n d s tr ip e s , a n d o t h e r c o lo r e d c o t t o n s , h a v e
so ld i n f a i r q u a n t i t i e s u n d e r p r e s s u r e a t i r r e g u l a r p r ic e s , a n d
s to c k s a r e w o r k i n g i n to im p r o v e d c o n d itio n . W h i t e g o o d s
slo w i n f a n c ie s b u t i n s t e a d y d e m a n d f o r s ta p le s . T h e d e
m a n d f o r f a n c y c a lic o e s is s t i l l b u t m o d e r a t e , a n d p r ic e s a r e
w e a k u n d e r p r e s s u r e t o se ll. F i n e s p e c ia ltie s , p a r t i c u l a r l y
p r i n t e d s a tia e s , i n g o o d r e q u e s t. S ta p le s in a c t i v e a n d i r r e g u
l a r . I n d i g o b lu e s in s u s t a i n e d r e q u e s t b u t s h i r t i n g p r i n ts
q u i e t e r . S o lid s, t u r k e y r e d s , c r e to n n e s , ro b e s , e t c ., a l l slo w
a n d i r r e g u l a r i n p r ic e . G in g h a m s a r e w i t h o u t m a t e r i a l
c n a n g e i n a n y r e s p e c t. P r i n t c lo th s i n a c tiv e r e q u e s t , a n d a t
t h e c lo s e a r e 1- 16e. p e r y a r d h ig h e r , c lo s in g o n t h e b a s is o f
2 13-16c. f o r e x t r a s .
1893.
1892.
Stock o f Print Cloths—
Mar, 24.
Mar. 25.
Mar. 26.
Hold by P rovidence m a n u fa c tu re rs . 199,000
21.000
None.
F a ll K iver m a n u fa c tu re rs _______ _ 392,000
18.000
None.
” 5,066
10,000
*4*9,666
157,000
32.000
"2.066
15401.000
*23,666
208,666
Loco
7.000
lilooo
**5888
M a r. 24, 1SM ~72.UM .000
M a r. 17, im*„7ZJ!b&,ooo
M a r. 2 3 , l * G . .76,211.000
M a r. 26, D ® 8LiM 0?,O 0O
M a r. 2 8 .1 * 9 1 -2 2 ,7 4 3 .0 8 3
29.000
158.000
818,000
T o ta l
T o ta l
T o ta l
T o ta l
T o ta l
Barley
bush.
2,000
98,000
R ye,
bush.
884.000
563
1,537
*56
22.295
2,616
5,320
1,690
5,243
470
1,3.51
8.853
710
29
30
9
139
1.050
3,011
439
72
141
540
22
1,031
232
5.814
916
2,804
4,752
4,989
512
1,353
11,674
623
50,940
6,473
5,511
34,760
8,288
T o ta l................................... 2,319
43,028
57,413
5,511
" P rom S ew E n elan d m ill p o in ts direct.
T h e v a lu e o f t h e N e w Y o r k e x p o r t s s in c e J a n . 1 h a s b e e n
*3,711,339 in 1894, a g a i n s t *2,012.783 in 1893.
Co tto n G o o d s, —Th e r e h a s b e e n n o f u r t h e r o p e n c h a n g e s
in c o tto n g o o d s th is w e e k , b u t a g e n t s w h o a r e c a r r y i n g s to c k s
h a v e b e e n d e c id e d ly e a s y t o d e a f w i t h , t h e r u l i n g t e n d e n c y
b e in g t o f a v o r b u y e r s r a t h e r t h a n m is s b u s in e s s . I n b r o w n
s h e e tin g s , m a k e s s u i t a b l e f o r c o n v e r t e r s ' p u r p o s e s h a v e b e e n
in im p r o v e d r e q u e s t, a n d so m e s e lle rs h a v e b e e n a b le to se
c u r e a s l i g h t a d v a n c e in p r ic e s . I n o t h e r d i r e c t i o n s b r o w n
591.000
39.000
N one.
D o m e s t ic W o o l e n s .—T h e r e h a s b e e n a f a l l in g o ff i n t h e
b u s in e s s d o i n g iu h e a v y - w e i g h t w o o le n s a n d w o r s te d s d u r i n g
t h e p a s t w e e k , o n ly a li m i te d n u m b e r o f b u y e r s p l a c i n g o r d e r s ,
a n d th e s e h a v e b e e n o f t h e p r e v io u s ly p r e v a i l i n g s a m p le c h a r
a c t e r . T h e firs t r o u n d o f f a l l b u s in e s s is e v i d e n t l y l a r g e l y
c o m p le te d , s m a ll a s i t h a s p r o v e d , a n d u n t i l s u p p l e m e n ta r y
r e q u i r e m e n t s a r e d is c lo s e d s lo w m a r k e t s , e v e n i n c o m p a r is o n
w i t h la t e e x p e r ie n c e s , a r e lo o k e d f o r. T h e s a m e m a k e s a n d
g r a d e s o f g o o d s a r e f a v o r e d a s b e f o r e to a l a r g e e x t e n t , t h e r e
b e in g l i t t l e d e v ia tio n to w a r d s h ig h e r - p r ic e d g r a d e s . S p r i n g
w e ig h ts h a v e b e e n in b e t t e r d e m a n d t i n s w e e k f o r i m m e d ia te
d e liv e r y , a n d s o m e f a i r s a le s h a v e b e e n m a d e f r o m s to c k s o n
h a n d a t lo w p ric e s . O v e r c o a tin g s i n q u i e t r e q u e s t. C lo a k in g s
i n f a i r d e m a n d . T h e r e h a s b e e n s o m e in c r e a s e n o t e d i n t h e
b u s in e s s d o in g i n s a t in e ts a n d u n i o n a n d c o t t o n - w a r p c a s sim e r m , a s w e lj a s i n d o e s k in je a n s , b u t p r ic e s a r e i r r e g u l a r .
B la n k e ts f o r t u e n e w s e a s o n s t i l l d u ll a n d fla n n e ls a n d c a r p e t s
i n a c tiv e . W o o le n a n d w o r e ’e d d r e s s g o o d s in q u i e t r e o r d e r
d e m a n d a n d f ir m f o r d e s ira b le lin e s o f s ta p le s a n d f a n c ie s .
F o r e ig n D r y G o o d s .— T h e a t t e n d a n c e h a s b e e n l i m i te d a n d
m a il o r d e r s m o d e r a te , a d e c id e d f a l l in g o ff in b u s in e s s c o m
p a r e d w i t h l a t e w e e k s b e in g r e p o r te d . T h e d e m a n d is p u r e ly
o f a s u p p l e m e n ta r y c h a r a c t e r , a n d a s u n f a v o r a b le w e a t h e r
h a s c h e c k e d d is trib u tio n fro m se co n d h a n d s th e p rim a ry m a r
k e t s u f f e rs . S to c k s o f d e s i r a b l e m e r c h a u d is e s t i l l l i g h t in a l l
d ir e c tio n s . L i t t l e p r o g r e s s m a d e w i t h b u s in e s s f o r f a ll.
I m p o r t a t i o n s a n d W a r e b o n e e W ith d r a w a l* o f D ry G o o d s .
T h e im p o rta tio n s a n d w a re h o u se w ith d ra w a ls o f d r y g o o d s
a t t h i s p o r t f o r t h e w e e k e n d i n g M a rc h 39, a n d s in c e J a n . 1,
1894, a n d f o r t h e c o r r e s p o n d i n g p e r io d s o f l a s t y e a r a r e as
f o llo w s :
*1 9
|
ts
2%
*?
*©
S S t
1 8;
*
*
*’
ss;
e ;
•c •
• •
—
—
©—
Of
oc X©
K
sc
f3 2 2 iB
H riH
S; ; a ; S
2* •* \ c
S:
: : :
s
: : : : ; i
«-X©©3«
i* ® © ©*-
C
s
»
* *
-* -*
«- *. x a —
w
—©*a w —
•
x
•
— to —<>« ©
«
g ,.
'©“ ©©
©
**-H *4»
-4 too* W» • * * »
A «
——tO
v» cop,
10
> * J O IX
'4
U Z X © <1
— jw *4o
'~ «*
*
*3© c* © O —
« —cp CO©©—©
5*8
•to
s
sr**8
a
i p "■f i . |
f:
*r
3 ? Si
: '•
*3
: : *
E P% * *
3A
©~ • ■ : • 1
>
-»
©—
J ’ 4 ©h»
C*
C CO
O— O "
dO
7 W to© • J l ’O ©a*
© ©as *-© —
>
to —
* M
O
X ©X —© 0-4 C
>
-4 -1©
4 * to© n b a d -o
b
W w e-O I v 'l X Co
J C to©
O O
3 C C
O O
*-•**
3 o» c*to tOCWCO©©
X © 10© - k o —8
-*
© IX
to to -1 —
>
O
ss C
t-t-w
s
©
CO
© ©L3 t o o b b a
©
to — d--4© © —
*
X © ©*© M O O 'IX
to to-O
©
s
9
•
t
Ii
o
X
3 <1—
C
& X
Q © ——
J
k.
o o©
-3
© © W14 — BW
F —O ? © ©X
O D
Xw
M
m !-•
e
s
X © iofd* —
© ■4<
*C
O
X-I©X
c* *1*4
© "*
0
%
©©
G tO<© 0 < ©r—
© ©© — OW
3
W C
O
O
ta C
w co to
»
V K i;
f
tO—« © —
71 —©
© coo»
« {art ©©'©**40
© —X *10®**J*
© —x
—© -4 -4 © tw“3
S
© da©
to —
»
———
© ©«©
a
■• -X©
*4
WVTW- —
*
© X—
© OB© W© X D «4
to ©to
w
w * o ii
to
'4©
» —'4
-*
»c *o
s tow « «4x © «i
COd**t0#a«
©“•o©o»
——
C -4© o ©
O
* “4
•4
W o —©to
©^4 to—©
cov*©—to
a
©
S
— |a r;
1
2•
©•
:
a :
»,
» • »
* 1•
I I
8 ©
► .0
X X
X
3 ©
©
3 -J
5 *0
* to
C
O
C
J
»
—
► to
3 X
*
► to
5 C
O
O
H C
3 ©
3 ©
O to
3
as to
a
©
—
©
O
3 C
X _
—
'1
©
©
y ©
C
O
—© 08© C
O
to C o to ©
O
C
O
—
—
—* ——
-*
——X -1 *1
—to a*w X
d. —W C
* O
■-OOOdd
X
©
-1
©
—
a
.
:
;
!
,
:
:
*
i
*
o
3
a
O
-4©CO-4 —
©0C-4O©
—to©©©
©to -4 —M
X © to o —
t0©©v| to
b* t o o —
k
t0©O*-4©
© C —C
CO O O
H
*
5
*■
S
I s i
s
* ss
to
—0 to to to
0
—to©© — s
•
—bo©— ) *
-X
CDdXOO
o © w —©
—
—— -1 ©
to© - o t o «
CN-4'JptO
$
*
o © c?—•©
«
© ©-J -1 —
Q —C O 'C
O P
— I©X-1
0©CP©*0
3
T
3
o"
2S «
5
s 2
H
3
W
—
SO
C
3
C
B
3
5
M,
*
— ©to —
-®5 >
<1© —os ©
a
©©©10X39 2.
© '4 ——©
©.?
00 © © c —
to —to tow
M
to
Q M
s
——r-*
©CP©© —
j*
»
©© —00 — *
2
cox - —to
©X©©CJt
►
r 3
COtO<lWjO
—
to *4©
3-S © -O— a — ©
W
© C X © *4
P
s ©
'J © C —bo * —
O P
©^4y43»-4
THE CHRONICLE.
564:
S tats
C ity D sr /k im flO T ,
TERMS OF SUBSCRIPTION.
Commercial and Financial C H R O S I C L E ccmjiina 4 0 to 6 4 pages, published every week.
State and City Supplement of C H R O N I C L E con
tains 1 8 0 pages, published periodically.
Investors’ Supplement of CHRONICLE (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages, published
every other month.
Subscription to CHRONICLE for one year $ 1 0 .0 0 ,
w hich includes everv issue of both S upplements .
fh e purpose o f this State and City Hepartinent
is to furnish our subscribers w ith 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, w ith 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 Departm ent,” we expect
to bring down weekly the inform ation 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 e n t on the page designated at the head of each item a
reference to the page where the item in the C h b o n iq l e can
be found, he will a t all tim es possess a complete and fresh
cyclopaedia of inform ation respecting Municipal Debts,
ISOTICK.
A new edition of our S tate a n d C it y S u p p l e m e n t
corrected to as near the date of publication as possible
will be issued April 21. We make this announcement
in response to numerous inquiries which have recently
been received.
MUNICIPAL DEBT REPOSTS CORRECTED.
W e give below revised statements of the indebtedness,
assets, assessed valuation, etc., of the cities of Philadelphia
and Pittsburg. The reports have been corrected in each case
by means of special information sent to the Chronicle by
the City Comptroller.
In commenting on Philadelphia’s indebtedness at the end of
th e last fiscal year, Comptroller Thompson in his annual re
port to the Common Council makes the following statem ent:
The total value of loans redeemed during the year am ounted
to $4,788,300, and the value of those created am ounted to
$3,500,000.
A source of congratulation in connection w ith this state
m ent is th e fact that w ith the redemption of this large am ount
of the funded debt the city, for the first tim e, has been brought
w ithin the Constitutional lim it of seven per centum of the
gross funded debt upon the last preceding assessed valuation
of the taxable property, as provided for in the A ct of April
24, 1874.
U nder the circumstances, therefore, we are perm itted, in ac
cordance w ith the act before mentioned, to create an addi
tional debt, if desired, of $1,136,292 72, to w i t :
LOANS—
N A M E A N D PU RPO SE.
T hree p. ct. loan, 1890-91,
series A to T ..................
New fu n d in g loan, series
8 t o Y ...............................
S erial lo a n ............... 1893
R eservoir loan, series A
to T ..................................
S erial loan, series A to
LVol . L V H L
,— Ititerest.
Sate Payable.
3
M
4
4
J
J
3
J
O . . . ......................................................
3
J
C onsolidated.....................
do
.....................
6
J * J
J < J
fe
Taxed City L oan—
Untaxed City Loan—
6
—-P rin cip a l.- ----------- 'When Due,
Outstand'g,
,K o y .l,i9 0 0 to ,197
& s r i $230,000 yearly. $ $4,600,000
Dee.31’94 to 1904 (
& j ! $400,000 yearly. S 4,400,000
875,000
< j Dec.3T’0 3 to 1922
&
i Deo. 31, ’02 to ’21 >
& J< ' $50,000 yearly. ( 1,000,000
SDec. 3 1 ,’03 t o ’17?
,
& J ($175,000 yearly. < 2,625,000
Ja n . 1, 1904
J u ly 1, 1904
31,000
1,900
J a n . 1, 1895
3,526,300
B o u n ty , No. 3 . . ............ 6
.T & ,T
Ja n . 1, 1895
85,000
C hestnut St. B rid g e___ 6
J & j
Ja n . 1, 1895
599.800
D efense. 1865............... 6
J & J
2,490,900
M unicipal lo a n .............. 6
J a n . 1,. 1895
J & .i
1,005,600
A iding v o lu n te e rs......... 6
J a n . 1, 1896
J & j
School, No. 2 ________ 6
J a n . 1, 1896
998,700
J & .1
J a n . 1, 1896
W ater, No. 2 .................. 6
995,500
J & J
P u rc h ase, B ans) 6
1,799,800
J a n . 1, 1897
J & j
dow ne E sta te .
5
800,000
C ulvert, No. 2 ................ 6
.T & j
J u ly 1, 1898
980,200
J & j
Ja n . 1, 1899
G u aran teed g a s......... . 6
J a n . 1, 1899
4,020,400
P a r t , No. 1 ....... ............. 6
J * j
1,650,600
J a n . 1, 1899
J < j
&
W ater an d ice b o a t....... 6
J a n . 1, 1900
1 ,0 2 0 ,3 0 0
J A J
G uaranteed g a s......... . 6
1,985,000
&
P a r t , No. 2 ..................... 6
.T < j
J u ly 1, 1900
985,400
J u ly 1, 1900
J
S outh St. B r id g e ........... 6
j
996,100
J & 3
J u ly 1, 1900
W ater, No. 3 7 ................ 6
700,000
J a n , 1, 1901
F a irm o u n t B r id g e ....... 6
J & j
500,000
J a n . 1, 1901
J < j
fe
H ouse of C o rrectio n ... 6
J a n . I , 1901
500,000
•T A j
School, No. 3 ................. 6
2,122,000
J a n . 1, 1901
.T < ,r
fe
W ater, No. 4 6 ................ 6
J a n . 1, 1902
500,000
J
.i
G u aran teed g a s....... ..
6
J a n . 1, 1902
425,000
P o lice an d c u lv e rts___ 6
J A J
200,000
J u ly 1, 1902
F a irm o u n t B ridge....... 6
J & j
J u ly 1, 1902
1,000,000
J & j
School, No. 5 0 ............... 6
200,000
J a n . 1, 1903
J & j
F ire p u rp o ses................ 6
J a n . 1, 1903
2,138,000
J & j
Grand. Av. B ridge____ 6
1,800,000
J a n . 1, 1903
J & J
P a rk , No. 3 ..................... 6
970,000
Ja n . 1, 1903
W ater, No. 54 ................ 6
J St, j
500,000
,T < j
fc
J u ly 1, 1903
C entennial, No. 5 5 ___ 6
$225,000
J
J
Ic e boat, No. 56............. 6
Ju ly I , 1903
450,000
Ja n . 1, 1904
H ouse of C orrection... 6
J fo j
1,000,000
Ja n . 1, 1904
School, No. 4 ............... 6
J & j
1,000,000
Ja n . 1, 1905
G u aran tee g a s.............. 6
■ & J
T
335,000
Bridges, No. 60............. 6
J Sr. .1
J u ly 1, 1905
499,400
Ju ly 1, 1905
J & J
Sewers, No. 6 1 .............. 6
150,000
Ja n . 1, 1906
J & j
P olice sta tio n s.............. 6
R egistered loans overdue an d y e t o u ts ta n d in g .................................10,125
N on-registered loans overdue a n d y e t o u ts ta n d in g ..................... ...4 3 ,6 2 0
N on-registered coupons overdue a n d y e t o u tsta n d in g ..................... 14,000
PAR V A LU E OF B O N D S—B onds a re in pieces of $25, $50, $10C
an d $1,000.
IN T E R E S T is p ay ab le by th e F a rm e rs’ & M echanics’ N atio n al B ank,
P h ilad elp h ia. P a.
T O T A L D EBT, S IN K IN G FUNDS, E T C . - T h e subjoined s ta te m e n t
show s P hiladelphia’s to ta l m u n icip al debt, an d th e sin k in g fu n d h eld by
th e city ag ain st th e sam e, on th e firs t of J a n u a r y of ea c h of th e l a s t
th re e years.
1894.
1893.
1892.
B onded d e b t.......................... $52,758,845
$53,988,045
$54,473,620
O u tstan d in g w a r r a n ts ........
1,516,599
1,062,115
866,994.
T o ta l d e b t........................ $54,275,444
Sinking fu n d s........................ $23,693,100
O th er a s se ts..........................
9,333,462
$55,050,160
$27,381,789
5,644,928
$55,340,614
$26,665,152
3,830,591
T o ta l a sse ts....................$ 3 3 ,0 2 6 ,5 6 2 ' $33,026,717
$30,495,748
N et d e b t on J a n u a ry 1 s t ... $21,248,882
$22,023,443
$24,844,871
T he sinking fu n d holds th e follow ing s e c u ritie s : City loan, a t p a r ,
$23,130,100 an d U n ited S ta te s loan, a t p a r, $563,000. T he a m o u n t
of fu n d ed debt red eem ed b y th e S inking F u n d Com m ission d u rin g th e
y e a r 1893 w as $4,738,300. A m ong th e assets h eld b y th e city are
22,500 sh a re s o f S u n b u ry & E rie R a ilro a d stoek, p a r v a lu e $100 p e r
share, o r 45,000 sh a re s of P h ilad elp h ia & E rie R a ilro a d stock, p a r
v alu e $50 p e r share, m a rk e t v a lu e $25 p e r share.
C IT Y PRO P ER TY—T he re a l e s ta te ow ned b y th e c ity is v a lu e d a t
$45,705,699, a n in crease o v er th e ap p ra ise m e n t of J a n , 1, 1893, of
$882,125. T hese figures do n o t in clu d e th e v a lu e of th e r e a l e s ta te held:
b y th e b o a rd of city tru s ts .
ASSESSED V A L U A T IO N , E t c — T he follow ing show s th e a n n u a l
p ay m en ts to th e stak in g fu n d , a m o u n t of fu n d ed d eb t a n d o u tsta n d in g
A ssessed v alu atio n of p ro p e rty su b je ct to ta x a tio n .-.$769,930,543 00 w a rra n ts, assessed v a lu e of p ro p e rty , a n d th e t a x ra te , fo r y e a rs in d i
Seven p e r een tm n o f sa m e..................................................... $53,895,137 94 cated. P ro p e rty in th is city is assessed a t a b o u t % of Its a c tu a l value,.
F u n d ed d e b t J a n u a ry 1 ,1 8 9 4 ....................... .................... 52,758,845 22
Paym’ts to Total M unicipal Assessed real and Tax rate
Debt Jan. 1. Personal Yaluat’n .p e r $1,000
Years.
Sink. Fund.
D ifference'..........................................................................
$1,136,292 72. 1893..............................
$769,930,542
$55,050,160
$18*50'
55,340,614
735,696,772
The question, however, of increasing the funded indebted 1892..............................
18*50
713,902,842
57,365,558
ness of the city in excess of the am ount herein shown depends 1891.............$591,240
18*50
688,713,518
1890............. 602,590
56,777,370
upon the legal interpretation th a t m ay be placed upon the 1889............ 611,090
18*50
669,507.564
57,942,935
18*50'
647,213,039
58,778,213
standing of the securities, six per cent city loans am ounting 1888............. 629,600
18*50
628,679,312
58,840,045
to $14,283,330 held by the commissioners of the sinking fund, 1887............. 630,100
18*50
611,309,615
1886............. 646,248
62,589,678
and whether or not they should be considered a part of the 1885............. 660,986
18*50
597,785,428
64,131,362
20*00
536,667,834
debt of th e city.
1880............. 806,605
72,264,595
21*50
575,283,968
64,390,463
I t may be proper to add that since 1879 loans have been re 1875............. 785,899
18*00
479,776,643
45,093,247
1870............. 519,197
deemed to the am ount of $27,311,196 48, while those issued 1865............. 329,340
28*00
159,119,928
32,763,899
since th a t period am ount only to $9,100,000. The latter, 1860............. 173,737
20*00
155,697,669
21,356,759
15*00
w hich were authorized during the years 1890, 1891, 1892 and 1855............. 81,665
P O P U L A T IO N —I n 1890 p o p u la tio n w as 1,046,964; in 1880 i t w a s
1898, however, somewhat change th e system of the sinking
fund and provide for the absolute paym ent of each loan in 847,170; in 1870 i t w a s 674,022.
series instead of through the investm ent of an annual appro
P IT T S B U R G S T A T E M E N T .
priation to the Commissioners of the Sinking Fund.
T his c ity is situ a te d in A llegheny C ounty. P itts b u rg ’s o u tsta n d in g
bonded d eb t is given in d e ta il in th e follow ing tab le.
P H IL A D E L P H IA STATEM ENT.
P h ilad elp h ia, eo-extensive w ith th e co u n ty of th e sam e nam e, is th e
-P rineipal.—Interest.
LO ANSOutstand’g.
Sate. Pay’ble. When Due.
N A M E A N D P U R P O S E -v
t h ir d c ity of th e U n ited S tates, h a s an a re a of over 130 sq u a re m iles
A
&O A pr. 1, 1910 $170,000
C ity building bonds, refu n d e d . 5
a n d includes a n u m b er of p laces w hich h a v e alm ost th e c h a ra c te r ol F u n d e d d e b tb o n d s ................... c 7
J
& J J u ly 1, 1909
145,000
se p a ra te tow n s. T he co u n ty is u n d e r eity co n tro l an d h a s no se p a ra te
J
& J J u ly 1, 1909 355,000
do
do ................... i* 7
J
& J J a n . 1, 1912
121,000
do
do ................ .-.r 7
d eb t. I n th e follow ing ta b le th e v a rio u s issues of b o nds u n d e r the
J
&D J u n e 1, 1913
88,000
on
5,
g e n e ra l heads, T ax ed C ity L o an a n d U n ta x e d C ity L oan, aye giyeji in F u n d ed d eb t irnprov. b do d s.c 5
J
&D J u n e 1, 1913 1,315,000
do
do
r
th e o rd er of th e ir d a te s of m a tu rity .
J
&D J u n e 1, 1913
77,000
do
do
do . r 5
Mr h 81, 1
ac
894.j
LOANSNAM A D PURPOSE.
E N
THE CHRONICLE.
-Interest.Rale Payable.
-P rim ip a l.-
56 6
Elbow la k e , M inn.—H. Sampson, Treasurer, writes the
tr a p ro v S e n tT S S S E :'........ . " o ' £ T
& D Dec* ? ,“ l9U5 °t0 ,S o O Chkonicle th a t the question of voting on $60,000 of w ater
‘ do '
flo ....... , . . . . * 4
J & D Bee. 1, 1915 3,681,700 works bonds, at an election held March 13, was dropped by
M arkvt bonds , refu n d e d ............r 5
A A: O A pr. 1, 1910
2 d,000 the Council, and nothing has therefore been determined re
AIuuielp.il consul, tioafls..... ...r 6g A A O Oct. 1, ’ 901
210,000 garding the proposed issue.
* ..e 5 J A J .Tan. 1, 1913
983,000
do
do
do -r
5 J & J Ja n . 1, 1913
843,400
E vart, M idi.—The election to vote on issuing $5,000 of elec
do
do
do . - 0 4 J A J J a n . 1, 1913
228,000 tric-light bonds resulted in favor of the proposition.
do
do
do , . r 4
J & J J a n . 1, 1913
125.300
F airm o u n t, M inn.—'The $30,000 of water-works and elec
W ater UoikI - ..............
...c 7
A A O A pr. 1, 1S94
108,500
do
...........................r 7
A A O A pr. 1, 1894
134,000 tric-light bonds of this city were sold on March 1 to Messrs.
do
..................... — c 7
A A 0 Oct. 1, 1895
125,100
do
...........................r 7
A * O Oct. 1, 1805
118,100 Dietz, Dennison & Prior of Cleveland, O., for a premium of
do
.............
e 7
A A 0 Oct. 2, 1896
4 J,700 #010. The loan bears interest at the rate of 6 per cent,
do
...........................r 7
A A O Oct. 2, 1896
723,800 payable semi-annually at New York or Chicago, $10,000 of the
do
r 7
A it O A pr. 1, 1897
40,500 am ount m aturing Dec. 5, 1908, and the rem aining $10,000 Dec.
do
.....
e 7
A & O A pr. 1, 1S98
61,000
do
........................... t 7
A A O A pr. 1. 1898 2,337,000 5, 1913, w ith an option of call after Dec. 5, 1908,
do
...........................r 8
J & J J a n . 1, 1908
300,000
Foxboro, Mass.—An ordinance has been introduced in the
(0) C oupon Bond.*.
(r) B cglstored bonds.
Legislature providing for the borrowing of $10,000 for w ater
(gs In te re s t on th e m u m ch cil consolidated bonds is p ay ab le In gold.
works.
PA R V A LUE O F B O N D S —T hese bonds are in pieces of $100 an d
F ra n k lin County. Ohio.—(Stats and City Supplement,
m u ltip le s o* th e sam e.
T A X F R E E .—A ll issues of th is city’s bonds a r e ex em p t from ta x a tio n . page 81.)—Bids will be received until April 37 by H enry J .
IN T E R E S T is p ay ab le a t the City T reasu rer's office In P ittsb u rg , a t Caren, County Auditor, for the purchase of $10,000 of road
th e B ank of A m erica la S ew Y ork s a d a t th e office of To w asend. W helea improvement bonds.
F u llerto n , Neb.—W ater-works bonds to the am ount of
A Co. l a Philad elp h ia.
T O T A L D E B T , SI NKI NG F UND, E TC —T he subjoined sta te m e n t $13,000 will be voted on a t an election to be held n ex t m onth.
show s P ittsb u rg 's to ta l m n n icip al d eb t a n d th e sin k in g fund held b y th e
Grand Ju n c tio n , Col.—Sewer bond3 to the am ount of $'35,sity a g a in a tth e sam e on the 1st of F e b ru a ry of each of th e la s t fo u r y ears. 000 will soon be voted on.
1894.
1893.
1892.
1891.
Hamilton, Ohio.—(State and City Supplement, page 81.T o ta l ftmdotl d eb t
tia c l w a te r tx»i<t»i«12,836,601 #13,204.402 #13.204.402 #13,204*402 —A bill has been passed providing for the issuance of §100),
000 of sewerage bonds.
S in k in g fu n d s .......... 4,352,607 4.041,900
3.741,800 3,542,000
Humphrey, N'eb.—An election will soon be held to vote on
Net debt on Feb. 1. $8,483,994 #9,162,602 #9,402,002 #9,602,302
The oily has no floating debt. The sinking Bind receives yearly about issuing bonds for water-works and electric lights.
Iron ton, Ohio.—(State and City S upplement, page 82.)—
$400,000.
DEBT LIMITATION.—Pittsburg'- debt i- limited by State Consti Street and sewer bonds to the am ount of $50,000 are proposed'
tution to 7 per cent of the assessed value of real estate.
K nox County, In d ,—Five per cent funding bonds of this
ASSESSED VALUATION—The city's assessed valuation (a! » u t 80 county to the am ount of #50,000 were sold on March 27 to
p e r cent of cash value) and tax rate have been as follow s:
Messrs. Rudolph Kleybolte & Co., of Cincinnati, Ohio, for
.-----------------Assessed Valuation.-----------------. Rale o f Tax $51,085. Bids received were as follows ;
Tear.
Real,
P m a n a l,
TaUhl,
per $1,000.
Amount Bid.
1993.............$273,390,506
#2,250,060
#275.650.166
f ll-0 0
Rudolph KtevboUe & Co., cm,.-,an..’!. Ohio............................ $51,695
1 8 9 2 .. . .............................
...............
240.000,000
12-00
lA-eu, iMmi-i-i ’ Prior. Cleveland,Ohio................................ 51,620
»
1 8 9 1 ............ 206,040,742
2,316,455
207,303,197
1500
Spurer A <A... Toledo. OWo -.................................................. 51,451
1,-73,359
200.433.626
15-00
1890............. 199,580,287
(i*y A Stanwood, B»-ton, Mae....... .....................................
1 9 8 9 .. ...... 137,898,928
1.248.109
139,147,037
............ W Horn- A i .... Chi* ago, Hi................................................ 51,445
X. .
51,435
1883............ 132,266.000
2.445.124
134,711,124
19*00
W J. Have - A Soil-., t I . , m Ohio ...................................... 51,135
.
l,
108(1............ 129,881,096
1,774,936
131,658,032
.......
Lomprwht, !ir» A €*>., t’tevffifcnd, Ohio ................................ 51,100
1 8 8 5 .. ......... 109.530,(309
3,000,000
11L530,668
1300
second Nairn, ,1 Bank, Vincennes, Ind............... ................... 51,000
1 -8 1 ............ 105,404,720
1.939,258
JOT,342,979
!« # •
The loan mature- at the rate of $3,000 yearly, beginning
The tax rate for 1894 Is $13'00 per #1.000. For the year 1993 the
assessed valuation of real estate Includes the valuation of property to five year* from date o f issue.
the am ount of $50,590J*3Ck*-htch paid a ra m i tax (two-thirds ai full
Mas-jchnsetts.—(State and City S upplement, page 18.)—
tax), and #10,676,502 which paid a so-called agricultural tax, or one.
State Treasurer Henry If. Phillips will receive proposals until
half of the toll tax rate. The teroWs valuation of all property for 1893,
after making some slight deductions tor exemptions, was therefore April 1 (not April 14 as we stated last week) for the
purchase o f *B* per cent State tends of the “ Metropolitan
$250,000,000.
PO PU LA TIO N .—In 1890 population ws* 238,617; to 1880 it was Parka Loan" to the amount of 11,000,000, The bonds will
156,389; In 1970 It was 96,076.
mature January 1, 198-1, interest will be payable January and
B o n d P r o p o s a l ! a n d M e f O t l a t t O O l - W s h a v e r*>
aeived th ro u g h th e w e e k th e fo llo w in g notice* o f t on<t!
re c e n tly n e g o tia te d a n d bon d s o ffere d a n d to b e o ffered f o r
■ale.
B ro o k ly n , S . Y.—(S t a t e a n d C it y S c p p l k m * n t , page 486.)
—T h e b o n d s o ffere d fo r .-ale o n M arch 27 w e re a w a rd e d as
fo llo w s:
n v n iKixn*.
Bid.
Ixssgl-ia&d Loan A T rust Co,, $50 ,000 due l o i B . .. .. . . . . . . . — 101-76
John H. BownlBgton,
*0.000due 1919 ..........,....,...1 0 1 -6 6 5
do
50,000 due t a n ................... ...101-671
do
50,000 duo 1 9 2 1 . .. .. .. .. .. .. .. . tOl'OT?
‘ psnccr Tr
B
Co.,
25,000duo 1 9 2 0 .........------ .104-10
do
25.0*9) due 1920.......................... 103-16
25,000 due 1940............... ....102*18
do
25,000 duo 1920.......... ...............101-16
s i t e s bonus .
BpeoeerTrask A Co., $150,000due 1 9 1 3 . . . . . . . . . . . . . . . . . . . . . . . . . 104-Oil
l U t m o 903(96.
Bucnri-rTr u k 3k Co,, #13,000due 1 9 0 5 . ., .. .. ,, .. . . . . . . . . . . . . . . . 101 -06
T h e bon d s a re d a te d M arch 29. 1894, b e a r in te re s t a t th e r a te
o f 4 p e r c e n t, p a y ab le s e m i-a n n u a lly o n J a n u irv 1 a n d J u ly 1,
th e w a te r b o n d s m a tu rin g J a n u a r y 1, 191 ft, th e re p a v in g
b o n d s J a n u a ry I, 1905, a n d th e s e w e r b o n d s a t t h e ro te of
$100,000 y e a rly fro m J a n u a r y 1. 1919, to J a n u a r y 1,1021.
B r u n s w ic k , 1 4 , —T h e c itiz e n o f th is to w n w ill vote in
M ay o n th e tju e stk m of issu in g #40,000 o f w a te r-w o rk s bonds.
C le v e la n d , O h io .—(S t a t e and C it y S u p p l e m e n t , p ag e
79.)-— e give below a lis t of th e bid s re ce iv e d on M arch 28,
'W
fo r th e #lw,W Ki o f 4 p e r c e n t fu n d e d d e b t c o u p o n b o n d s, m a
tu r in g A p ril 1, 1904.
Ammtnt Bid,
W. }, Hkyes A Sons. Cleveland, Ohio..................................#102,138 00
Blots, D snotton A Prior. Ctovatond. Ohio.............
101,037 90
(lerraan Invexitoent Company, Sew Y o rk ........................... 101,575 (XI
Blair A Ca.. Sew Y ork.......... ..................................................... 101,133 00
ft. W. H arris A Co,Chicago. Ill
.......... ............................ 100,8 3 u 00
iir.-v:: . ' v.b A
i.vrrwS, BMI ML
____ ________
101.561 00
Em lid Avenue National B ask,C leveland. O hio.................. 103,000 00
In te re s t la p a y a b le se m i-a n n u a lly , b o th p rin c ip a l a n d in te re s t
b e in g pav aM c a t th e A m e ric a n E x c h a n g e N a tio n a l B a n k ,
N ew Y o rk ,
E a s t G re e n v ille , P a .—I t is re p o rte d t h a t th e p eo p le o f E a s t
G re e n v ille h a v e v o te d in fa v o r o f a lo an o f $25,000 fo r w a te r
w orks.
July, and both inter*",t and principal will be payable in gold
at the State Treasury in Boston. T h e T r e a s u r e r ’s a d v e rtis e m eat t r ill b. f o u n d elsewhere in th is D e p a r tm e n t.
Medford, Musa.—(State and City S upplement, page 27.)—
Fourteen hula were received for the $30,000 of 4 per cent public
building bonds offered for sale on March 22, and the loan wag
awarded to Brewster, Cobh & E-uabrook of Boston for $31,443. The tends are dated July 1, 1893, and run 20 years.
Mefro**;. Mass.—(S tate and City Supplement, page 27.) —
John Larrabee, Clerk of Sew er Commissioners, w rites the
CHRONICLE that by vote of the town the selectmen will peti
tion the Legislature for authority to issue $100,000 of sewer
tends, which, if authorized, will probably lx? issued for 20
years at 4 per cent,
M ilford Center, Ohio.—Water-works and electric-light
bonds to the amount of #13,000 have recently been voted.
Ml not, N. Dakota.— Water- works tends of this city to the
amount of $10,000 have recently been sold.
Morgan County, Mo.—(State and City S upplement, page
114.>—County Clerk J, D. Hubbard gives notice tbat the old
0 per cent county bond« are all called for payment on May
Is;, and will !»• rcleciin-d at the office of the County Treas
urer, Versatile*. Mo,, o r a l the Franklin Bank in St. Louis,
Mo. If desired the bonds may be exchanged before May 1st
for new 3 per cent bonds at the following rates, which are*
supposed to Is: about the market value of the new securities :
For the 5-30 y. sr Kind-......10JJ* I Fertile 15-30 year ponds.—103%
Fee tile le-ae y,-.,r bund* ... 103*4 | For the 20-30 year bonds.... 104 ,
M orrisvllle, Pa.—Water-works bonds o f Morriaville have
recently been sold,
Osceola, Neb,—Tlic people of ting village are desirous o
voting bonds for water works estimated to cost 810,000.
w
P ontiac, M ich.—(State and C ity S upplement, page 99.)—
It is reported that the bid of N, W, Harris & Co., of Chicago,
for the $2*7,000 of sewer bonds offered for sale on March 15
was the highest. The amount offered was $25,853, the bonds
to tear interest at the rate of 5 per cent. The loan is dated
April 1. 1894, intereet is payable semi-annually on April 1 and
October L an d the bonds mature April 1 ,1914, both princi
pal and interest being payable in gold at the First National
Bank o f New York,
566
THE CHRONICLE.
Racine, Wig.—( S t a t e a n d C i t y S u p p l e m e n t , page 103.)—
Bonds of this city to the am ount of §50,000 will soon be voted
on, §25,000 of the am ount to be used for paving and §25,000
for general improvements.
R ochester, 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 53.)
—No bids were received on March 27 for the §800,000 of ad
ditional water bonds and §250,000 of sewer bonds then offered,
and the sale has been postponed until April 23d. Both issues
will bear interest n®t to exceed 3% per cent, payable by the
Union Trust Company, New York, th a t on the sewer bonds
being payable January and Ju ly and on the w ater bonds
February and August. The sewer bonds will be issued in
series of $25,000 each, the first series to become due January
1, 1928, and one each succeeding year until all are paid, with
privilege of paying all or any p art of the bonds after ten
years from date. The w ater bonds will run fifty years, w ith
privilege of redemption after 20 years from date.
Shannon, 111.—The people of Shannon have voted in favor
of issuing bonds for w ater works.
S tau n ton, 111.—An election will be held April 17 to vote on
issuing bonds for w ater works.
St. Johns, Mich.—W e are notified by Dewitt H. H unt, Vil
lage Clerk, th at the election held on March 19, to vote on is
suing $30,000 of sewer bonds, in blocks of $5,000 each, re
sulted in favor of the proposition. The date of issue, rate
per cent, or tim e of m aturity have not as yet been decided upon.
Vicksburg, Miss.— ( S t a t e a n d C i t y S u p p l e m e n t , page
172.)—We are inform ed by H. J. Trowbridge, City Clerk, con
cerning the proposed §100,000 of sewer bonds of Vicksburg,
th a t nothing has been done in the m atter as yet. No definite
action will probably be taken for some time.
W ilm ington, Del.—( S t a t e a n d C i t y S u p p l e m e n t , page
72.)—The following were ihe bids received for 4 per cent W il
m ington bonds to the am ount of §50,000, m aturing in 1922:
The Equitable Trust Company of W ilmington, 100, plus a
prem ium of §560; Elliott, Johnson & Co., of W ilmington,
100 and a prem ium of §380: H. L. Evans & Co., of W ilming
ton, 100 and a prem ium of §151; Heald & Co., of W ilming
ton, 100*75; Sailer & Stevenson, of Philadelphia, 100'05. The
NEW
LOANS.
[VoL, LVIII,
bonds were aw arded to the Equitable Trust Company, w hose
bid of par and a prem ium of §560 was the highest received.
W illiainsbridge, N. Y.—H ighw ay improvement bonds of
this village will be sold on April 5, 1894, a t the Town Hall.
Sealed bids will be opened a t 8 o’clock P . m . , and the bidders
are asked to set the interest rate. The securities will m ature
at the rate of §1,000 yearly beginning in 1909. The present
bonded debt is §72,000 and the assessed valuation, §1,344,580.
W illiinsbnrg. P a .—( S t a t e a n d C i t y S u p p l e m e n t , page 71.)
—An election will probably be held at W ilkinsburg to vote on
issuing §50,000 of paving bonds.
Worcester, Mass.— - ( S t a t e a n d C i t y S u p p l e m e n t , page 3 2 . )
—It is reported th a t a loan of §50,000 has been authorized for
water-works extensions.
S T A T E AND C IT Y D E B T CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our S t a t e a n d C i t y S u p p l e m e n t
Some of these reports are wholly new and others cover item s
of information additional to those given in the S u p p l e m e n t
and of interest to investors.
E l Dorado County, Cal.— ( S t a t e a n d C i t y S u p p l e m e n t ,
page 142.)—The following report has been corrected to date
by J. D. Skinner, County Treasurer.
County seat is Placerville.
LOANS—
When Due. T a x v a lu a tio n , ra ilro a d s . $245,827
C o u n ty B ond s—
T o ta l v a lu a tio n 1893___3,897,152
5 b, J&D, § 1 4 2 ,0 0 0 ... -J u n e 1 ,1 9 0 7 S ta te ta x (p e r$ l,0 0 0 ) .............$5-76
T o ta l debt M ar. 1, ’9 4 ... $142,000 County t a x (per $1,000)......... 15-24
T a x v alu atio n , r e a l......... 2,898,609 P o p u la tio n in 1890 w as....... 9,232
T a x valuation, p e rso n al. 752,718 P o p u la tio n in 1880 w a s....... 10,683
Mattoon, 111.— ( S t a t e a n d C i t y S u p p l e m e n t , page 94.)—
The following statem ent has been corrected to date by means
of a special report to the C h r o n i c l e from W illiam Burgess,
Supervisor. This township is in Coles County. The bonds
described ars registered w ith the State Auditor.
N E W LOANS.
N E W LOANS.
Prooosals for Massachu
880,000
Carroll County, Indiana, M UN I C I PA L
setts State Bonds.
Com m onw ealth o f Ma ssa c h u se t t s , )
T r e a s u r y D e pa r t m e n t ,
>
B oston , M a r c h 2 0 ,1 8 9 4 .)
T h e u n d e r s i g n e d w ill r e c e i v e s e a l e d p r o p o s a l s a t
t h i s o ffice u n t i l 12 o ’c lo c k ( n o o n ) o f W e d n e s d a y ,
A p r i l 4 th , 1894, f o r t h e p u r c h a s e o f t h e f o llo w in g
d e s c r i b e d r e g i s t e r e d b o n d s , t o b e i s s u e d i n p ie c e s o f
$1,000, o r m u lt ip l e s t h e r e o f , a u t h o r i z e d b y C h a p t e r
407, A c t s o f 1893 :
81, 0 0 0 ,0 0 0
BONDS
6 P e r C e n t F u n d in g B o n d s,
D ue 1903, 1908, 1913.
FOR INVESTMENT.
P r ic e a n d P a r t i c u la r s on A p p lic a t io n .
Street, Wykes & Co.,
P A R T IC U L A R S
U PO N A P P L IC A T IO N .
NEW Y O R K .
4 4 W A L L STR EET,
Metropolitan Parks Loan,
W. J. Hay es & Sons,
p a y a b le J a n u a r y 1 s t, 1934, h e a r i n g i n t e r e s t a t t h e
r a t e o f 3J^ p e r c e n t p e r a n n u m , p a y a b le s e m i - a n
n u a l l y o n t n e f ir s t d a y s o f J a n u a r y a n d J u l y .
P r i n c i p a l a n d i n t e r e s t p a y a b le i n g o ld c o in o f t h e
U n i t e d S t a t e s a t t h e o ffic e o f t h e T r e a s u r e r , in
B o s to n .
T h e r i g h t i s r e s e r v e d t o r e j e c t a n y o r a ll p r o p o s a ls .
BAN KERS,
H E N R Y M . P H IL L IP S , T reas.
Dealers in MUNICIPAL BONDS.
3 1 1 - 3 1 3 S u p e r io r
10
C O M M E R C IA L P A P E R .
W all Street,
New York.
Boston.
C a b le A d d r e s s , - K E N N E T H . ”
C IT Y O F A U G U S T A , GA., Rudolph Kleybolte & Co.,
R ED EM P TIO N BONDS.
In vestm en t B a n k e r s,
T o be d a ted M ay 1 s t, 1 S 9 4 . 3 0
$ 1 ,0 0 0 each .
STO CK EX C H A N G ES.
D E A L E R S IN
S t r e e t R a ilw a y B o n d s a n d o t h e r h i g h g r a d e i n
v e s tm e n ts .
7 E x c h a n g e P la c e ,
8104,000
M E M B E R S O P T H E N E W Y O R K A N D BO STO N
Blake Brothers & Co.*
28
5
ST A T E
N A SSA U
STREET,
S T .,
BO STO N .
NEW
YORK.
Y ears.
3 0 W e s t T h ir d S t r e e t ,
C in c in n a ti, O h io .
I n t e r e s t 43^ p . c ., p a y a b le s e m i- a n n u a lly .
S E A L E D B I D S i n v i t e d f o r t h i s i s s u e . B id s t o b e
e n t e r e d h e r e a t o r b e f o r e n o o n S a t u r d a y , 1 4 th A p r il.
B o n d s t o b e d e li v e r e d a n d p a id f o r h e r e a t o r b e f o r e
u o o n M o n d a y , A p r i l 3 0 th , 1894. R i g h t r e s e r v e d t o
r e j e c t a n y o r a ll b id s . T h e a c c e p t e d b i d d e r m u s t b e
k n o w n o r s a t i s f a c t o r i l y e n d o r s e d . A ll p a r t i c u l a r s
a n d f u l l i n f o r m a t i o n a s t o f in a n c ia l a n d m a t e r i a l
* a ff a ir s o f t h e c it y s e n t o n r e q u e s t . A d d r e s s ,
J . H . A L E X A N D E R , M ayor,
A U G U STA , GA.
A u g u s t a , Ga ., M a r c h 2 0 ,1 8 9 4 .
c .
Choice In v estm en t Bonds of Cities,
Counties and School D istricts.
Call for School Bonds.
T h i s i s t o g iv e n o t i c e t h a t S c h o o l B o n d s N o s . o n e
t o e l e v e n (1 t o 11) “ b o t h n u m b e r s i n c l u s i v e ” o f
S c h o o l D is t r ic t N o . E le v e n (1 3 ) E l P a s o
C o u n ty , C o lo r a d o , d a te d J u l y 1 s t, 1886, D e n o m
i n a t i o n O n e T h o u s a n d D o lla r s , i n t e r e s t 6 p e r c e n t ,
'das b e e n c a lle d f o r p a y m e n t . I n t e r e s t o n s a m e w ill
c e a s e o n a n d a l t e r M a r c h 2 0 th , 1894. T h e s e b o n d s
m a y b e p r e s e n t e d t o t h e C h e m ic a l N a t io n a l B a n k o f
N ew Y o rk o r to t h e u n d e rs ig n e d f o r p a y m e n t.
C o l o r a d o S p r i n g s , C o l ., F e b . 1 2 th , 1894.
H . C. M cC R E E R Y ,
C o u n ty T r e a s u r e r.
W E BU Y AND SELL
CITY COUNTY AND SCHOOL BONDS
L I S T S M A I L E D U P O N A P P L I C A T IO N .
Geo. M. Huston & Co.
BOND AND
T o W hom it m a y C on cern :
New York State Bonds.
STOCK
IN T H IS STATE.
CO RRESPO NDENCE
S O L IC IT E D .
DEALERS
W e b u y a n d s e ll o u t r i g h t all W e s t e r n
M u n ic ip a l B o n d s a n d S to c k s .
We
c h e e r f u lly f u rn is h f u ll a n d re lia b le in
f o rm a tio n c o n c e rn in g a n y W e s te rn s e
c u r i t y w i t h o u t c h a r g e . M o n th l y q u o
t a t i o n c i r c u l a r m a ile d t o a l l a p p lic a n ts .
N e w i s s u e s o f m u n ic i p a l b o n d s w a n te d .
3 0 5 P I N E S T R E E T , S T . L O U IS , M O
Arch’d. J. C. Anderson,
P U B L IC A C C O U N TA N T,
1 2 » W a te r S tre e t,
NEW Y O R K
Farson, Leach & Co.,
2
W ALL
ST.
D e a l e r s In I n v e s t m e n t S e c u r it ie s .
BONDS
Y IE L D IN G
AN
4%
TO
IN C O M E
OP
6%
CITY, GE O. A. LEWIS S CO., Bankers
t
COUNTY
1 3 2 LA SA LLE S T R E E T ,
SCHOOL SEN D F O B L ISTS.
CHICAGO.
THE CHRONICLE.
Maech 81, 1894.1
L O A N S—
V
Then Out-. | T a x valuation, real,1S 93.$S 07,667
F t'S T jisi BOND'—
I A ssessm ent about M a c tu a l value.
6s May 1 S50 000
M a r 1 ,1 9 0 0 i P o p u latio n in 1890 w a s....... 7,790
K j u S i , 1 6 ,000 : : : . J u i y l I l 9 U P opulation 1S93 (lo calest.).1 0 ,000
B onded d eb t Feb. 1 ,1 8 9 4..890.000 |
INTEREST la p ay ab le by th e S ta te T reasu rer, Springfield.
567
P eo ria, 111.—(S t a t e a n d C i t y S u p p l e m e n t , page 9 4 ,)—
P. B. Miles, Mayor. The following has- been corrected by
means of a special report from City Treasurer, H enry Det
weiller.
Peoria is in Peoria County.
Moline, 111.—(S t a t e and C i t y S u p p l e m e n t , page 9 4 . ) - W il
LOANS—
When Due.
liam C. Bennett, Mayor. The following ha3 been corrected by
B odntv B onds —
4L>s, MAS, $ 2 1 ,0 0 0 ..Mob. 1, 1902
means of a special report from Charles G. Carlson, City Clerk.
419s, MAS, 2 1 ,0 0 0 ..Moll. 1. 1903
Moline is in Rock Island County. Of the 6 per cent w a te r
P eoria & B ock . I s . R E . BONDS
E S , JA J, $100,000. .J u ly 1, 1908
loan given in the bond table §25,000 are subject to call a t o p
School B om is —
7s, JA D. $ 2 0 .0 0 0 ..J u n e 1, 1898
tion of the city:
Wat . W as. & E lec . L’t —Cont.—
5s. MAS. $2,500 ---- Sept. 1 .1 8 9 6
$66,500
5s, JA-J. $ 7 .0 0 o ....... J u ly 1 5 ,1 3 9 4 T otal d e b t F e b .,1 8 9 4 ...
($1,000 due y’rly) to J u ly 1 5 ,1 9 0 0 T ax valu atio n , re a l....... 1,332,465
679,954
5s, MAN', $3 ,00 0 ---- N ov. 1 ,1 9 0 6 T ax valuation, p ers’naL
T o ta l v a lu a tio n 1 8 9 3 ... 2,012,429
Wa t e r W orks —
A ssessm ent is H a c tu a l value.
6s. MAS, $ 5 0 ,0 0 0 -...Sept. 1 ,1 9 0 3
Wa t e r W k *. and E lec . L ig h t — T otal t a x (per $1,000)..........$63-60
5s, MAS. $ 4 ,0 0 0 ....SepL 1 ,1 3 9 4 P o p u latio n In 1390 w a s___12,000
($2,000 due yTly) to S e p t 1 , 189a P opulation in 1880 w a s___ 7,800
INTEREST on th e $7,000 bridge bonds an d th e w a te r w o r ts and
eleotric-light bonds Is p ay ab le In Moline; on tfie o th e r bonds in New
T o r t City.
P eo ria Conuty, 111.—(S t a t e a n d C it y S u p p l e m e n t , page
LOANS-
w h tn
D u e -
B k id g e B o n d s —
95.)—The statem ent below has been corrected by means of a
special report to the Chbonicle from Charles Jaeger, County
Treasurer.
The county seat is Peoria.
-Prinei,
ipal.LO A N S— Interest .—
Outei
NAME AND PURPOSE.
01. Payable. )rnen m u .
uuuianiTg.
Alm s H ouse b o n d s..................... 4*a J u ly 1 J u ly 2. 1903
$10,000
IN T E R E S T Is p ay ab le a t Am. E x . N a t B a n k , New Y ork City.
T O T A L 8 O N D E 0 D E B T Feb. 1 , 1894, w as $-40,000; floating debt,
*55,100.
A S S E S S E D V A LU A TIO N of real e s ta te (ab o u t 1-5 of a c tu a l value)
In 1893 was $13,688,102; p erso n a l p ro p e rty , $2,979,235; to ta l, $16,867,337. T o ta l ta x (p er $1,000) w as $51-90.
P O P U L A T IO N in 1890 w as 7 0 ,378; In 1880, 55,355.
TRUST
C O M P A N IE S.
TRUST
4%S, MAN, $ 8 ,0 0 0 ..M ay 1, 1908
4Las, JA D , 10,500. .J u n e 1, 1910
4s, MAS, 3 9 ,0 0 0 ..Sept. 1, 1907
Waterw o r k s B onds—
7s, MAN, $50,000. .M ay 15, 1890
5s, MAN, ;>0,0 0 0 .. M ay 1 5 ,1 9 0 1
4*ss, J& D, 1 9 5 ,0 0 0 .. J u n e 1, 1908
I N T E R E S T -W H E R E P A Y A B L E .-In te re s t on th e bonds is p a y
able in N ew York a t M erchants’ E xohange N atio n al B ank.
T O T A L D E B T , E T C .—The city ’s bonded d eb t on J a n u a ry 1 ,1 8 9 4 ,
w as $514,500, of w hich $295,000 w as w a te r d e b t ; floating debt, $100,
000; to tal debt, $614,500.
W A T E R W O R K S .—In 1889 th e c ity 's w a te r w orks w ere sold to th e
P eoria W ater C om pany on th e ag reem en t th a t th ey should be enlarged
a n d im proved. T he c ity re ta in s th e rig h t to re-p u rch ase th e p ro p e rty
a fte r a c e rtain tim e, a n d on J a a u a r y 1 ,1 3 9 4 , h e ld $450,000 securities
against th e o u tsta n d in g w a te r debt.
A SSESSED V A L U A T IO N .—I n 1893 th e assessed v a lu a tio n of re a l
e state w as $7,403,740; of personal p ro p e rty , $1,955,220; to ta l
$9,358,960. P ro p e rty is assessed a t o n e-th ird it s a c tu a l value.
P O P U L A T IO N .—T he po p u latio n in 1890 w as 41,024; In 1880
w as 29.259.
San Francisco, Cal,—(S t a t e a n d C i t y S u p p l e m e n t , page
144.)—L. R. E llert, Mayor. The following statem ent of San
Francisco’s debt and general financial condition has been
corrected to date by m eans of a special report to the C h r o n
i c l e f r o m Jo h n A. Rpssell, City Clerk.
San Francisco is identical in area w ith the county of the
same nam e, an d the financial statem ent given below is for
both county and city. During the fiscal year ending June 30,
1893, the am ount of bonds redeemed was §78,000.
C O M P A N IE S.
T R U S T C O M P A N IE S
The Nassau Trust Co., Minneapolis Trust Co.,
C O N T IN E N T A L
101 B r o a d w a y , B ro o k ly n , N. Y.
1 0 0 K a s o t a B u ild in g ;.
TR U ST COMPANY, C A P I T A L ......................................... $ 5 0 0 ,0 0 0
18 W A L L . S T R E E T , Si. Y .
C A P IT A L AND MLKPLU.H,
-
* * 3 0 .0 0 0
Otto T. bax . akd ,
v
.
.
.
President
W illiam Alexander Smith , - U t vice P reet
Gordon Macdo KlU ),
*
- 2d Vlo#-Pre»T
Ma c e icc g. Decker , *
Secretary
I n t e r e s t A llo w e d o n D e p o s its ,
E X E C U T E * A L L T R I. WT*.
TRUSTEES I
Gordon JTorrte,
Robert S. HoR.
A. Lanfear Norrfa.
Henry M. Taber,
William F. Cochran.
•Hive? llarrtm an. J r ,
W alter Jennings,
William Alexander Smith
William A. Haxard,
Robert Olyphant,
W. He ward Webb,
Jobn C. Havemeyer,
William Ja r,
Otto T. Bannard.
Alfred M. Itoyt.
Robert W. D# Forest,
James C. Parrish.
Gtrmod Feeler.
Gordon Macdonald.
Missouri Kansas 6c Texas
Trust Co.,
K A NSAS
C IT Y ,
710.
n it a s e n o k f ic e s .
ae w*u a t , n »* Tore.
u » c tm t m t a t , pou *
v n Ilew g tR ru h t. AmttetOxm. Uoihuui
P A ID C A P IT A L .....................* 1 ,2 3 0 ,0 0 0 01
S l R P l . C l * .......................
3 0 0 ,0 0 0 0«
U N D IV ID E D P R O F I T S .......
7 6 ,3 3 3 0 0
ARTHUit R STtLWKLL, Prw.
_ . .____b o a r d o r DiRKCToaa.
W. S. W oodt c. A. D«m.
S. L. Iterttn.
4, M.D.TrUoW*, A. S. 3U:lw»I!. A. A. U .« t «
W .a jv to r .
J K . McKjo D
uul H. A. Lloyd,
jk. 7. Hobart.
C b « . C|Rk,
B.P. MwTrln,
U R OrmonlM, A
Wm. W*t«r»ll.
W .H -L ocm,
W. 0 H * O .
Dr. H. M. II o» a
J ohn r . Drrdon. E w . a .rifc
K ile c rr Sw um
Metropolitan Trust Co.,
3 7 Ac 3 9 W a ll S t m t . S e w Y o rk .
P « td -U » C . . D . I ......... .................* 1 ,0 9 0 .0 0 0
H a n tla o ...................................... ..
SO 0 .0 0 0
D rtaneted w a i«r»J depoelUry by order of
w o rt. Beeetve •!.;-•*;•* ,.,f mucey oa totarstt, mx m steal or tranafar ivnst, or troirtee for
•ereoratloBa and aeeevt and exeeat* any leaal troatt
JWJB serapo* or rorporatlosa, oq m favorable term*
** other similar com panic*.
Deposit* received subleet to choc* at eight, and
in te r e s t a llo w e d on the resulting dally u iic o w .
Certificate* of deposit* issued for time deposit*.
>n which sp e c ia l rn te a will be allowed.
I n t r r r a t c o w u en c e* from d a te o f de»<_ ■ ■
Aat homed by law to act a* Executor. Admlniaxator. Committee. « uardlaa, Trap toe, Receiver
*
fiscal and Transfer
and as Registrar of StOflka
tsd Bonds; le a le g a l d e p o sito ry t e r T r a d
Kan da and for moneys paid Into court.
Loans made on approved collaterals.
Cheers on this Company are payable through the
New York C M u - U o u a
A. D. WUBXLOCK. P resident. I
WILL
II.LIAM DICK. \
JOHN TRUBLOW, J Vioe-PreeTe.
► N __
H
O. r . RICH A KDb On , Beereei
CHA RD
T R tH T B K M «
Bernard Peters, John Loa*nr*n.
i m. m H o n r l l i , E d w a r d T . H a l s t,
J.
OarwtnRJemee.'J. B. Vot
Voorheet, Jn o .M c L e a ith llJD .
R R Tattle.
A.D. W heetoS.
lohn TrwUosr, Wm.F. Owrteoo. W ffl.K lV hfS xt
o. y. Hslcbardsi n
H e n ry S e ib e rt,
T he
State
T rust
30
STREET.
W ALL
C a p ita l a n d i a r p l a s ,
# 1 ,8 0 0 ,0 0 0 .
A a th e r lx c d by J a w to suit aa K x e c a to r,
A d i n i n U t m t e r . T r u s t e e , C lraartllau, R e c e W r r a n d In o t h e r fid u ciary c a p a c ttle e ,
an d to a e rv o a a T r a n s f e r A gent a n d R e * U t r a r o f c o r p o r a tio n s . I n t e r e s t a llo w e d
on D e p o s its.
PRa NCIS 8, BANGS, PreeldcsL
w. l A. NASH. . f rtoe-P^danu.
tkkn| olm ?
WM.
JO H N Q. ADAMS. Secretary.
TRUSTEES.
J . D . P ro b sL ,
WU1U 8 . P a i n e .
H e n r y I I . Cook,
# 5 0 0 ,0 0 0 *
100, 0 0 0 .
H as no deposit*; receives money on tru s t account
only. Burglar proof r a a lu . Wills kept safely wlthoot charge. Act* as executor, tru ste e and guardian;
executes tru sts o f every description.
DIRECTORS.
Samuel Hill, P resid en t; Wm. H. D unw oody,First
Floe-President; H . F. Brown, Second Vico-Presi
dent; Daniel Bassett, T hird V ice-President; Clarkson
U n d ler. Secretary and T reasurer; Isaac A tw ater
H. W. Cannon, Jam es J . m il, R. B. I^uigdon, A .F
Relley. W. G. N orihup, C. G. Goodrich, Charles A«
Ptllsburr A. H . U n to n and.P , B. W inston.
INTESTMENT.S IN THE SOUTH.
Exchange Banking & Trust
Company,
CHARLESTON, S. C.
P a id - u p C a p i t a l ,
A u th o r iz e d C a p it a l,
-
-
9 1 0 0 ,0 0 0
9 1 ,0 0 0 .0 0 0
T r a n s a c t! * a G e n e r a l l i n n k i n * a n d T r u s t
H u « ln r» » . I n t e r e s t A llo w e d o n D e p o s its .
INVESTMENT* MADE IN SA FE AND R E L I
ABLE INTEREST-PAY IN G SOUTHERN SECU
RITIES, AND FIRST MORTGAGES ON IM
PROVED R EAL ESTA TE IN CITIES.
Correspondence solicited as to all Southern Invest
m ents. Being w ithin easy reach of all parts of th e
South, thorough and careful investigation for
purchasers can be m ade of all Investm ents.
O F F IC E R S .
GEO. B, EDWARDS. President.
P. N. PICKENS. Cashier.
R. E. MUCKENFUS8. S ecretary and T rea su re r'
J . LAMB PERRY , Solicitor.
BMYTHE A LEE. General Counsel.
Henry Steer*.
George W. Qatntard,
Forrest H. Parker.
Charles Scribner,
D IR E C T O R S .
Charles L. Tiffany.
A. 8. J . P k r b t , o f Johnston, Crews A Co., w holesale
Ebeneser K. Wright,
dry goods.
George W. White,
W il l ia m M. B ir d , of W m. M. Bird A Co., wholesale
John Q. Adams,
paints and oils.
Frances 8. Ban**.
J m
f Jam es Allan A Co„
Frances L ynde Stetson. J .aH.es A l l a n ,ow ith Knoop, Frericha Jew elers.
F. Ko e n ig
A Co., ootton
Thomas A. McIntyre.
exporters.
Charles R. Flint,
W, I*. Trenholm.
William B. Keniall,
Walter H. Johnston.
Joseph N. Hal lock.
Perdval Knaath,
Edwin A. Me Aipln.
Andrew Mill*.
William A. Nash,
Geo. Foster Peabody.
G*o. B, E d w a r d s P res. Electric-Light A Pow er (jo
Joseph G. Martin,
STO CK
BROKER
AND D E A L E R ^*
T II S C B L L A N E O L 8
Oecirse D, Coaner Ajetatant geeretarr.
C o.
C A P IT A L ,
F u n d w it h S tate A u d ito r ,
S E C U R IT IE S ,
llj S u ite S h , B oat on* Mae**
A. Strassburger,
STO C K S A. B O N D S B R O K E R
80U T H U B S IK V H T K S N T 8BCUBITIB8.
Montgomery, Ala.
THE CHRONICLE.
568
When Vue.
'L O A N S —
C en t. P a c. B K . B ond s—
7s, J& J,
# 2 0 ,0 0 0 ... .J u ly 1 ,1 8 9 4
W est. P a c . K B . B ond s—
7s,M & N, $ 1 7 ,0 0 0 ....M ay 1 ,1 8 9 5
'C it y H a l t B o n d s —
6s, J& J, $ 177,500....... J u ly 1 ,1 8 9 9
H o u s e o f c o r r e c t io n B o n d s -
78, J& J, $150,000.......Ju ly 1 ,1 8 9 4
J u d g m en t B ond s-
78, A&O, $1,0 0 0 .........Oct. 1 ,1 8 8 7
O ld Claim s —
6s, J& J, $1,5 0 0 .........Ja n . 1 ,1 8 8 8
P a r k B onds 68, J& J, $ 2 2 5 ,0 0 0 ....J u ly 1, 1897
Os, A&O, 2 5 0 ,0 0 0 ... .A pr. 1, 1904
Sc h o o l B onds—
6s, J& J,
2 0 0 ,0 0 0 ...J u ly 1 ,1 8 9 4
‘The C ity H all an d railro ad bonds m ay be called before m atu rity .
Special bonds made payable by statute fro m taxeson lands benefltted:
M ontgom ery A venue bonds h ave been declared nu ll an d void.
D u p o n t S tre et bonds, 7s, am o u n t o u tsta n d in g .......................... $919,000
A re c e n t decision ol' th e U n ited S tates S uprem e C ourt established th e
v a lid ity of th e D u p o n t S tre et bonds, w hich h ad been In litigation, b u t
su b seq u en t litig atio n as to th e v alid ity of th e t a x levies now p en d in g
in th e co u rts h as p re v en ted th e assessm ents from b ein g eolleoted.
PAR V A LUE O F BO N D S—T he bonds of th is city are for $1,000
an d $500.
IN T E R E S T is p ay ab le in gold in S an F rancisco.
T O T A L D E B T , SIN K IN G FU N D S , E T C .-T h e subjoined sta te m e n t
show s San F ran cisco ’s to ta l fun d ed d e b t an d th e sin k in g fund held by
th e city a g a in st th e sam e on th e firs t of J u ly of each of th e la s t th re e
y ears.
1898.
1892.
1891.
T o ta l fu n d ed d e b t.......................... $1,040,970
$1,120,000 $1,378,000
S in k in g fu n d s..................................
665,000
617,022
760,085
N et d e b t on J u ly 1 ................... $375,970
$502,978
$617,915
T he lo an s fro m th e sin k in g fu n d o u tsta n d in g on J u ly 1, 1893,
am o u n ted to $233,900.
TA X F R E E .—A ll bonds ol' th is city arc ex em p t from taxation.
C IT Y P R O P E R T Y .—T he follow ing is a d escrip tio n of th e p ro p e rty
o w n ed b y th e C ity a n d C ounty o f San F ran cisco , as tra n sm itte d to
th e S tate C o n tro ller b y d irectio n of th e B o a rd of S upervisors on
N ovem ber 6 ,1 8 9 3 .
P a rk rese rv a tio n s an d p u b lic sq u a re s........................................ $10,000,000
F ire d ep artm en t, lo ts an d im p ro v e m e n ts................................. 1,250,000
C ity halls, co u n ty ja ils, h o sp itals, alm shouses, H ouse of
C orrection, In d u s tria l School, lo ts an d im p ro v em en ts—
7,500,000
C em etery re se rv a tio n ......................................................................
650,000
S u n d ry lo ts .........................................................................................
250,000
C hannel-S treet lo ts from N inth to E ig h tee n th s tr e e ts ...........
150,000
School lo ts, im p ro v em ents, lib ra ries, fu rn itu re , &e.............. 4,800,000
T o ta l.........................- ................................................................... $24,600,000
SEARS & W H IT E ,
Successors to
EUGENE R. COLE,
S T A T IO N E R S A N D P R IN T E R S .
Supply Banks, Bankers, Stock Brokers and CorpDratlons with complete outfits of Account Books
and Stationery.
t3T New concerns organizing will have their
orders promptly executed.
N o. 1 W IL X .IA M S T R E E T .
EDM UND B . K IR B Y ,
C o n s u ltin g
M in in g
E n g in e e r
M e ta llu r g is t,
A S S E S S E D V A L U A T IO N .—The follow ing ta b le gives th e assessed
v a lu a tio n of re a l e s ta te an d p erso n al p ro p e rty a n d th e to ta l ta x ra te
(per $1,000) fo r th e y e a rs indicated.
Assessed V alualion.- —
— ----- - Total Tax Rate
Years.
Heal.
Personal.
Total.
p er $1,000.
$66,186,759
1893-’9 4 .. $276,457,420
$342,644,179
$16-06
1892-’9 3 .. 277,346,008
68,884,698
346,224,706
14-34
1891-’92. 244,512,641
67,050,748
311,563,389
14-76
1890-’9 1 .. 235,361,768
66,082,372
301,444,140
16-10
64,920,995
1889-’9 0 .. 241,119,410
306,040,405
17-22
61,921,629
1 8 8 8 -8 9 .. 211,467,987
273,389,616
15-71
191,618,454
60,127,657
1887-’8 8 ..
251,746,111
17-55
54,741,864
1 8 8 6 -8 7 .. 175,409,145
230,151,009
15-71
1885-’86 .. 192,843,592
61,482,367
254,325,959
15-92
1884-’8 5 .. 164,495,888
59,013,672
223,509,560
15-77
1879-’8 0 .. 166,429,845
51,057,229
217,487,074
19-95
1874-’7 5 .. 162,466,177
101,763,267
264,229,444
20'99
1 8 6 9 -7 0 ..
69,776,603
44,982,907
114,759,510
30-80
186 4 ^ 6 5 .. 47,345,973
35,851,652
83,197,725
29-80
1861-’62._
41,870,811
28-70
The am o u n t of ta x e s levied in 1893-94 fo r c ity an d co u n ty purposes
(exclusive of ra ilro a d s assessed by th e S ta te B o ard of E qualization,
$2,147-80) w as $3,529,235; fo r S ta te p u rp o ses w as $1,973,630; to ta l
am ount of tax es, $5,502,865. T he estim ated rev en u e fo r c ity and
county purposes from o th er sources th a n ta x a tio n w as $1,425,583.
P O P U L A T IO N in 1890 w as 298,997; in 1880 i t w as 233,95 9 ; in
1870 i t w as 149,473.
Wayne 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
96.)—The statem ent below has been corrected to date by A. L.
Wall, County Treasurer.
County seat is Fairfield. The bonds are registered w ith the
State Treasurer.
LOANS—
-— Interest .— , ---------- Principal, ----------
NAME AND PURPOSE.
P. Ot. Payable. When Due. Outsland’g.
R efunding b o n d s........................ 7
J & J
P a s t due.
$118,800
IN T E R E S T is p ay ab le a t S ta te T reasu ry , Springfield, 111.
T O T A L B O N D ED D E B T J a n u a ry 1 ,1 8 9 4 , w as $118,000.
EQ U A LIZED VA LU A TIO N in 1893 w as $2,688,310; S tate ta x
(per $1,000), $3-10; co u n ty t a x (per $1,000), $7-50; av erag e sohool ta x
p e r $1,000), $8-75; to ta l, $19-35. P ro p e rty is assessed a t “ a b o u t 15 p er
oent of its a c tu a l v a lu e .”
P O P U L A T IO N in 1890 w as 23,806 ; in 1880 w as 21,291.
CHICAGO.
M IS C E LLA N E O U S .
IN
TEXAS.
7 P e r C e n t a n d 8 P e r C e n t N et.
NO COMMISSIONS charged borrower or lender
until loans have proven good.
F R A N C IS S M I T H & CO.,
_________SAN A N T O N IO , T E X A S .
Chronicle Numbers Wanted,
CHICAGO,
9 2 , 9 4 <fc 9 6 W A S H I N G T O N S T R E E T .
CAPITAL, PAID UP, - - - - $500,000
S U R P L U S ,............................
75,000
Edward Morton & Co.,
MORTGAGE LOANS
OF
1 8 5 D E A R B O R N S T ., C H I C A G O .
AUTHORIZED BY LAW TO RECEIVE and execute trusts of every character from courts, corpora
tions and individuals. Takes entire charge of estates,
real and personal. Acts aa agent for the registra*
No. 1017 Seventeenth Street, Denver, Col.
tlon and transfer of bonds and stocks and the pay
SPECIALTY.—
The Expert Examination of Mining ment of coupons, Interest and dividends. A legal
Investments and Metallurgical Enterprises.
depository for court and trust funds.
INTEREST ALLOWED ON DEPOSITS of money
frhich may be made at any time and withdrawn after
five days’ notice, or at a fixed date.
TRUST FUNDS AND TRU8T INVB8TMENTB
53 Broadway, New York.
ire kept u
separate and apart from the assets of the
company.
S p e c ia ltie s :
S T R E E T R A IL W A Y B O N D I
and
B A N K STO C K S.
CHICAGO.
_________________+_______
The
Title Guarantee & Trust
EquitableTrust Company
Company
and
M U N IC IP A L ,
rV0L. LVIII,
DIRECTORS:
AZHL F. HATCH,
CHAS. H. HULBURD,
M. W. KERWIN,
GEO. N. CULVER,
HARRY RUBENS,
MAURICE ROSENFBLD.
1. R. WALSH,
SAMUEL D. WARD,
OTTO YOUNG
OFFICERS;:
J. R. WALSH, President.
CHAS. H. HULBURD, Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON. Secretary
C a p it a l, p a id -u p .......... ..................... 9 1 , 6 0 0 , 0 0 0
U n d iv id e d e a r n in g s , in c lu d in g
s u r p lu s ............................... ..................
2 3 9 ,0 0 0
D e p o s ite d w it h S t a t e A u d ito r . .
2 0 0 ,0 0 0
GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF TITLE.
O ile r s I n v e s t o r s In r e a l e s t a t e s e c u r it ie s
p r o te c tio n a ffo r d e d b y n o o th e r s y s te m of
d o in g b u s in e s s .
Is authorized by law to aot as Registrar of Stock*
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and tru st securities kept separate
from th e assets of the Company.
C O R R E S P O N D E N C E S O L I C IT E D .
OFFICERS:
GWYNN GARNETT, President.
A. H. SELLERS, Vice-President,
ARCHIBALD A. STEWART, Secretary.
CHAS. R. LARRABEE, Treasurer,
FRANK H. SELLERS, Trust Officer.
DIRECTORS:
gwynn Garnett.
Chas. W. Drew.
W. D. Kerfoot,
John P. Wilson,
Horace G. Chase,
Edson Keith,
John G. Shortall,
Geo. M. Bogue.
John DeKoven,
A. H. Sellers.
8amnel B. Chase,
COUNSEL:
W. 0. Goudy,
John P. Wilson,
A. W. Green,
A. M. Pence,
Jamieson & Co.,
A. G. Becker,
ST O C K S —B O N D S ,
'em bers New York and Chicago Stock Exchanges.
A p r il 3 a n d D e c . 1 1 , 1 S S 6 ; F e b . 1 1 ,1 8 8 8 )
M ay 31 a n d D ec. 2 7 , 1 8 9 0 ; J a n . 17, l» 9 1 i
J a n . 2 a n d 1 0 , a n d D ec. 1 0 , 1 8 9 2 t J a n . 7,
1 8 9 3 ! a ls o S u p p le m e n ts M a rc h , 1 8 9 2 , a n d
Ja n u a ry , 1893.
F if te e n c e n ts a co p y w ill b e p a id f o r a n y
o f th e ab o v e .
Private wire to New York and Philadelphia.
W M . B . D A N A & C O .,
1 0 2 W illia m S t r e e t,
NEW Y O R K .
MORTGAGE BANKERS,
187 D E A R B O R N S T R E E T ,
C h ic a g o , Ills.
Loeb
&
Gatzert,
S uccessor to
HERMAN
SCHAFFNER
* CO.
C O M M E R C IA L P A P ER ,
154 La S alle S treet,
• Chicago, 111.
wtm '
Member N. Y. Stock Exchange.
WM. V. BAKER, Member Chicago Stock Exchange.
1 2 5 L A S A L L E S T R E E T , C H IC A G O .
George Eustis & Co.,
BANKERS
AND
C IN C I N N A T I ,
BROKERS
O H IO .
A. O. Slaughter & Co.,
F irst Mortgages for sale In large and small amoun
netting investors 6,
and 0 _per cent, secured 1
Improved and income-bearing Chicago city propert
BANKERS,
1 1 1 -1 1 3 J E A S A B U E S T R E E T ,
P r in c ip a l a n d I n t e r e s t p a y a b le in G o ld .
C H IC A G O , IL L S .
CORRESPONDENCE SOLICITED.
C h ic a g o S e c u r it ie s B o u g h t a n d S o ld .
@FedFRASER