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8EPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
[Entered M ounting to A ct o f Congress, In the year 1892, b y W m . B. D ana A Go., In the Offlee o f the Librarlanjof Congress, W ashington, D. C .]
YOL. 54.
fin an cial.
fin a n c ia l.
A M E R IC A N
Bank Note Company,
78
to
B u sin e ss F ou n ded . 17 9 5 .
'Incorporated under Laws o f the State o f New York, l t N >
R e o r g a n iz e d 18 7 9 .
ngravers a n d
P
ENGRAVING AN D PRINTING,
B A N K N O TE S, SH A R E C E R T IF IC A T E S BONDS
F O R G O V E R N M E N T S A N D C O R P O R A T IO N S ,
D R A F T S , C H E C K S B IL L S O F E X C H A N G E ,
S T A M P S , Ac., In t h e fin e s t a n d m o s t a r t is t ic s t y le
FROM STEEL PLATES,
“
With SPECIAL SAFEGUARDS to PREVENT COUNTERFEITING.
Special papers manufactured exclusively for
use of the Company.
S A FETY PAPERS.
W o r k E x e c u t e d I n F i r e p r o o f B u i ld in g s ,
LITHOGRAPHIC AND TYPE PRINTING.
S A I L W A T T IC K E T S O F IM P R O V E D S T Y L E S .
S h o w C a r d s , L a b e ls , C a le n d a r s ,
JAMES MACDONOUGH, President.
AUG. D. SHEPARD, 1vice-PresIdentt.
TOURO ROBERTSON,
THEO. H. FREELAND, Sec’y and Treat.
JNO. E. CURRIER, Ass’t Sec’y.
J. K. MYERS, Ass’t Treas.
John L. Williams & Son,
BANKERS,
AND DEALERS IN
SOUTHERN
V
RICHM OND, VA.
MANUAL OF INVESTM ENTS
la rgest w ork o f the kind published b y an y B anking house I s
A m erica. G ratis to clients <k correspon d en ts; tooth ers, $3 a copy
“ Most elaborate, handsomest and most useful work treating
apon Southern properties which ever came to notice.” —Boston
H erald.
“ Worth its weight in gold.” —Norfolk Landm ark.
“ Recognized as standard authority, and holds a high reputation
both in Europe and United States. ” — W ashington P ost. “ The
States, cities, railroads, and other properties o f the South aro
described with a clearness and minuteness o f detail o f great value
to investors.” —N. Y. Joum . o f Commerce. “ A complete financial
and industrial record o f the Southern States.” —N . 6 . Tim es-Dem .
“ We know of no other work to compare with this Manna! for the ex
tent and variety o f Information it oentatas.**-»M oney, L ob., K i g
1 THE
SOLID
SILVER.
(Established in 1866.}
B AN KERS AND BROKERS,
Broadway & 19th St.,
1 6 a n d 18 B r o a d S tre e t, N e w Y o r k .
Members o f the New York 8tock {Exchange and o f
the Philadelphia Stock Exchange.
ROBJBBT J. KIMBALL. ALFRED B. LOUN8BKBSRT.
La Montagne, Clark e & Co.,
BANKERS AND BROKERS,
4 4 an d 4 8 B r o a d w a y , N ew Y o r k .
8. L a Montagne , Jr ., Member N. Y. Stock Exeh
H erman Cla r k e .
W allace b . Smith .
Private wires to Philadelphia, Pittsoarg, Scran,
ton, Reading. wilke.hn.fT» i.ancaster and Bethlo.
hem. Private wire to Chicago.
AND 9 MAIDEN LANE.
The National Park Bank
of* New York.
Wm. G. Hopper & Co.,
Ca pi t a l ,
.
.
S u r p lu s ,
•
•
$2,000,000
.
-
2 8 S O U T H T H I R D S T ., P H I L A .1
$ 2 ,8 0 0 ,0 0 0
S te c k e and B ond e bought and sold on Com
mission for Cash, or carried on favorable terms.
In te r e st a llo w e d on balanoes. Correspondence
solicited.
SU PERIOR COLLECTION FACILITIES.
B U Y AN D SELL FOREIGN E X C H A N G E .
06HUA WILBOUR.
e x t e n s iv e
;
s a f e ty v a u l ts fo r
T H E C O N V E N IE N C E O F D E P O S
I T O R S A N D IN V E S T O R S .
Wilbour, Jackson & Co.,
BANKERS AND BROKERS,
N O .T 52 W E V B O S S 1ST S T R E E T ,
V W E ntrance only through the Bank. A 3
Eb k n iz k r
BENJAMIN A . JACKSON
. W r ig h t , President.
A r t h u r L b a r y , Vice-President.
GtHORGB 8. H ic k o k . Cashier.
k
E dward J- Baldwin , Ass’t Cashier.
P R O V ID E N C E , R . I.
Dealers In Commercial Paper, Government and
ithflr first-class Bonds and Securities and Foreign
Sxchange.
Private telegraph wire to New York and Boston.
IN V E S T M E N T S ,
T r a n s a c t a G e n e r a l B a n k in g b u s i n e s s . N e g o t ia t e
f l . R . A M u n i c i p a l Lo a n s . C o r r e s p o n d e n c e I n v i t e d .
Our
R . J. Kimball & Co.,
r in t e r s o f
B O N D S , P O S TA G E & R EVEN U E S TA M P S ,
L E G A L T E N D E R A N D N A T IO N A L B A N K
N O T E S of the U N IT E D 3 T A T E S ; and for
Foreign G overnm ents.
S A F E T Y CO LO R S.
Jfiuaucial.
G O R H A M M’f ’g Co.,
86 T R IN IT Y PLACE,
NEW YORK.
E
NO. 1,35- 3.
NEW YORK, MARCH 5, 1892.
FOURTH
N A T IO N A L
B A N K O F T H E C IT Y O F N E W
YORK
OFFERS
TO
DE
DIRECTORS.
Charles Scribner,
Arthur Leary,
Edward C. Hoyt,
Eugene Kelly,
Edward B. Poor,
Ebeneser K. Wright,
W. Rockhill Potts,
Joseph T. Moore.
August Belmont,
Stnyvesant Fish,
Richard Delafield,
George 8. Hart,
Wilson G. Hunt,
Charles Bternbaeb,
Francis R. Appleton
Henry C. Hackney,
115 D EARBO RN STREET,
C H IC A G O .
H IG H G R A D E
IN V E S T M E N T S E C U R I T IE S ,
P a y in g 8 p er cen t a n d ] 2 p e r ce n t fo r s a le
William A . Lombard,
150 B R O A D W A Y, NEW Y O R K .
Offers for sale Choice Bonds and Mortgages.
A SPECIALTY—
NEW YORK CITY k COUNTRY
BANK
STOCKS,
B U S IN E S S
AND
R E S P O N S I
B IL IT Y W A R R A N T .
Saw Sc undivided profits.
Surplus
75 OLD BROAD STREET}
L O N D O N , E . C.
von Hemert & Co.,
BOND AND STOCK B R O K E R S ,
S O U T H E R N IN V E S T IR E N T S E C U R I T I E S
Equitable Mortgage Co.
Members New York Stock Exchange,
G. l . Boissxvain .
RO ANO KE, VA.
N e ttin g P u r c h a se r s 4 to 1 0 P e r C en t.
SEND FOR QUOTATIONS.
P O S IT O R S E V E R Y F A C I L I T Y
W H IC H T H E IR BALANCES,
Walter Del Mar & Co.,
H. J. VON H xmert.
A SPECIALTY
S Wilson, Colston & Co.,
8
^ 3 6 ,3 9 6 8 7
T h is co m p a n y s o lic its corresp ow d en es
a b o u t a ll fir s t-c la s s in v estm en t s e c u r itie s .
R a y s an d n e g o tia te s m u n ic ip a l, R a ilr o a d ,
W a t e r , ln d u s t r i» l and I r r ig a t io n B o n d s.
Issu e s Itn d eb en tu res a n d n e g o tia te s
m o rtg a g e Ioann.
C H A R L E S N. F O W L E R , P re s id e n t.
CHA8. BENJ. WILKINSON. Vice-Pressi-apt.
HENRY P. CHURCHILL, Vice-President.
B. P. 8HAWHAN, See. and Treaa.
O F F IC E S t
New York, 208 B’way.
I Bo.t., U7Devonshlre St.
Phils., 4th and Chestnut. Kansas City. Missouri.
London, wngiaadl Berlin, Germnpv-
BANKERS,
(Members of Baltimore Stock Exchange)
B A L T ftlO R K .
(INVESTMENT and SOUTHERN SECCRITiB
a specialty.)
Correspondence invited and information for
nished.
N. Y. Correspondents—McK im B bothers k Co.
A . J. Weil & Co.,
IN V E S TM E N T S E C U R ITIE S
86 Wall St* New York and St Louis«
THE CHRONICLE1
Il
■ rvou
U V .
JBanLers and §mvotvs of foreign igscltanae
Drexel, Morgan & Co.,
W A L L 8TREET, CORNER OF BR O A D ,
NEW YORK.
Drexel & Co.,
B A R I N G , M A G O U N & C O ..
1 5 WALL ST., NEW YORK,
SUCCESSORS TO
Drexel,Harjes & Co.
KIDDER, PEABODY & CO., NEW YORK,
Cor. o f 6th &Chestnut Sts 31 Boulevard Haunnuum
Buy and Sell Exchange
on principal European cities.
Issue Commercial and Travelers' Credit«
available in all parts of the world.
P H IL A D E L P H IA
P A R IS .
DOMESTIO A N D FOREIGN BAN KERS.
______ ■ Draft Securities
-Deposits -received subject to _
jft-bought and sold on commission. Interest allowed
on Deposits, Foreign _____
uDepc
J i Exchange. Commercial Cred_______________
its. Cable Transfers, Circular'Letter! for Travel
ers, available in all parts o f the world
Agents and Attorneys of
c o .# limited
LONDON.
*
KIDDER, PEABODY & CO., BOSTON.
p a r in g b r o t h e r s a
Choice Investment Securities.
ATTORNEYS AND AGENTS OW
M e s s r s . J . S . M O R G A N Ac C O .,
No. 22 OLD B R O A D STREET, LONDON
Brown Brothers & Co.
F H IL A .
NEW YORK.
BOSTON.
'5 9 W a ll S t .]
A L E X . BROW N & SONS, BALTIM ORE.
CONNECTED BY PRIVATE WIRE.
Members N. Y.. Phila. and Baltimore stock Exch
Buy and sell first-class r
Investment Securities for I r i V P S i m P T 1 f
customers.
Receive ao- i l l y '- '‘» m i V - H L
counts o f Banks, Bankers,
Corporations, Firms and In- o ___ . *
divtduals, on favorable b e C U r i t i e S
terms. Collect drafts drawn
abroad on all points In the United States and Cana
da, and drafts drawn in the United States on fo r
Sign countries.
Buy and sell Bills o f Exohange
and make cable transfers
all points. Issue Commercial
and Travelers’ Credits available
In all parts o f the world.
Letters
of
Credit.
BROWN, SHIPLEY & CO., LONDON
G e o r g e Co p p e l l ,
T h o m a s Ma it l a n d
G e r a l d l . H o y t , Member o f N. Y. stock Ex.
Maitland, Phelps & Co.,
22 AN D 24 E XC H A N G E P I ACE,
N E W
Y O R K .
Orders executed for all investment Securities
A ct as agents o f Corporations, and negotiate and
Issue Loans.
BILLS OF EX
CHANGE
TELEGRAPHIC
TRANSFERS
LETTERS OF
CREDIT
ON
Messrs. Smith, Payne
A Smiths, London
Messrs. Mallet Freres
A Cle, Paris;
Banco Naclonal de
Mexico. Mexico, and
Its Branches.
J. & J. Stuart & Co.,
Heidelbach,
Ickelheimer & Co.,
BAN KERS,
3 9 W illia m S tre e t, c o r n e r E x ch a n g e P la c e ,
I88UB
Circular Letters of Credit
for Travelers Abroad
a v a ila b le In a ll p a r te o f th e w o r ld ,
on the
U N IO N B A N K O F L O N D O N , L ’ T ’ D .
T b e e e c r e d it s ca n a ls o b e ob ta in e d a t th e
F ilth A v e n u e B a n k , 4 4 th S t. an d 5 th A v e
Knauth, Nachod & Kuhne
BANKERS,
5 South W illiam
Street, New York.
L E T T E R S O F C R E D IT
a v a ila b le e v e r y w h e r e .
DRAFTS
on a ll p a r te o f th e w o r ld .
TRAN SFERS
by m a il a n d te le g r a p h .
Kessler & Co.,
BANKERS,
54 W A L L STREET, NEW Y O R K 7
Buy and Sell B ills o f Exchange and
Cable Transfers on all the P rin
cipal European Cities.
AGENTS FOR THE BANK OF AUSTRALASIA. ISSUE COMMERCIAL AND TRAVELLERS*
CREDITS, BUY AND SELL RAILROAD
STOCKS, BONDS AND INVESTMENT SE
|83 N A S S A U S T R E E T . Ml
CURITIES. ACT AS FINANCIAL
' BILLS OF EXCHANGE ONI
AGENTS FOR CORPORATIONS.
BANKERS,
S M I T H , P A Y N E Ac S M I T H ’ S,
N o. 2 3 N A S S A U S T R E E T ,
BANKERS, LONDON.
A g e n t s a n d Co r r e spo n d e n ts o r t h e
THE NEW YORK
M A N C H E S T E R Ac C O U N T Y B A N K ,
M e ssr s. R O T H S C H I L D ,
“ LIMITED.”
L o n d o n , P a r is , F r a n k fo r t a n d V ien n a.
MANCHESTER, PAYABLE IN LONDON;
Issue Circular Credits for travelers available In
all parts o f the world.
U L S T E R B A N K IN G C O M P A N Y ,
Transacts a general banking business.
ALSO COMMERCIAL CREDITS.
BELFAST, IBELAND,
Receives accounts o f banks, bankers and corpora
Draw Bills o f Exchange and make Cable Transfers
AND ON THE
tions upon favorable terms.
to Europe, West Indies, Mexico and California.
N A T I O N A L B A N K O F S C O T L A N D , Execute orders for the purchase and sale o f Invest
Issues certificates o f deposit bearing Interest.
ment Securities.
EDINBURGH AND BRANCHES.
Solicits mercantile and personal accounts.
ALSO
Bills o f exchange drawn on, and cable transfers
CABLE TRANSFERS A LETTERS OF CREDIT
made through, THE CITY BANK, Limited
LONDON.
Circular letters of credit Issued for travelers’ nas
SUCCESSORS TO
J ohn
unroe
in foreign countries; also commercial credits.
J E S U P , P A T O Y A CO .,
N o . 8 2 N a ss a u S tre e t, N e w Y o r k ,
Accounts o f foreign bankers received and col
lections in the United States made on favorable
5 2 W i l l i a m S tre e t, N e w Y o r k .
N o . 4 P o s t O ffic e S q u a r e , B o s t o n .
Accounts and Agency of Banks, Corporations terms. Agents In New York o f the
Issue Circular Letters o f Credit for Travelers’ Use Anns and individuals received upon favorable terms.
BANCO NACIONAL DE CHILE.
Abroad against Cash or Satisfactory
Dividends and Interest collected and remitted.
Guaranty o f Re-payment
A ct as agents for corporations in paying coupons
E x c h a n g e o n L o n d o n , P a r i s , B e r l i n , and dividends; also as transfer agents. and sold on
J. W. D im m ic k ,
A. M. B a l d w i n ,
Bonds, Stocks and Securities bought
Préaident.
Cashier
Z u r i c h a n d S t. G a l l .
commission at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
Cr e d it s Op e n e d a n d P a y m e n t s Ma d e b y Ca b l e sold.
DRAW ON
COLLECTIONS AND INVESTMENTS
P a r i s H o u s e —M U N R O E Ac C O .
THE UNION BANK OF LONDON,
MADE BY
BRITISH LINEN CO. BANK LONDON AND
SCOTLAND.
August Belmont & Co.,
Produce Exchange Bank,
John Paton & Co.,
M
&
C o .,
ALABAM A
FIR S T N A T IO N A L BANK,
Schulz & Ruckgaber,
BANKERS,
3 9 W IL L IA M S T R E E T , N EW Y O R K .
Correspondents o f the
In te r n a tio n a l B a n k o f L o n d o n (L im ited ),
J e h . B e r e n b e r g , G a s s ie r *fc C o ., H a m b u r g .
B rem en B a n k , B re m e n .j
M a r c n a r d , K r a u s s <fc C o ., P a r ts.
Commercial and Travelers’ Credits.
Bills o f Ex eh mge.
Cable Transfers.
Kountze Brothers,
BANKERS,
SO BROADWAY, Equitable Building, NEW YORK
L E T T E R S Ok C R E D IT AND C IB C V L A B
NOTES
Issued for the use o f travelers in all parts o f the
world. Bills drawn on the Union Bank o f London.
Telegraphic transfers made to London and to
various places In the United 8tates. Deposits re
ceived, subject to cheek at sight, and interest
allowed on balances. Government and other bonds
and investment securities bought and sold on com
mission.
M ONTGOM ERY,
ALA.
J. & W. Seligman Sc Co.,
CORRESPONDENCE INVITED
BANKERS,
N o. 28 B R O A D S T R E E T ,
N ew Y ork .
New Orleans Canal Sc
Banking Company,
Issue Letters o f Credit for Trayelers
On SELIGMAN BROTHERS. London.
N EW ORLEANS, LA .
SELIGMAN FRERES A C1E~ Paris.
SELIGMAN A 8TETTHEIMER, Frankfurt.
C a p ita l.. 8 1 ,0 0 0 ,0 0 0 I S u r p lu s ....8 4 7 5 .0 0 0
ALSBERG, GOLDBERG A CO.. Amsterdam.
J. C. MORRIS. Pres.
EDWARD TOBY, Cash,
ALTMAN A STETTHEIMER, Berlin.
Co r r e s p n d e
Bank of
Payable In any part of Europe, Asia, Africa, Aus Commerce,oNew n t s —Nat. City Bank, Nat.St. Louis.
York. Boatmen’s Bank,
tralia and America.
_Draw Bills of Exchange and make Telegraphic N. W. Nat Bank, Chicago. Merchants’ Nat. Boston
Transfers of Money on Europe and California.
J. Kennedy Tod Sc Co.,
BAN KERS,
Bank o f Buffalo,
B U F F A L O , N. Y .
S. S. J e w e t t , Pres’t.
W m.
c.
Co r n w e l l , Cash’r
C a p ita l...... 8 3 0 0 ,0 0 0 I S u rp lu s...... 8 3 2 5 ,0 0 0
This Bank has superior facilities for making Col
lections in and out of the city on the n ost liberal
Deposits received subject to draft, and Interest terms, and with careful attention to the b jst inter
ests of its correspondents.
allowed on balances.
Co r r e s p o n d e n t s
Importers’ A Trtd rs’ Na
tional Bank and Chemical National Bank, New
Merchants’ Loan A
OFFER INVESTMENT SECURITIES. York of London. London, Trust Co., Chicago; Union
Bank
Schweizerische Union Bank.
Bonds and Stocks bought and sold on commission
S T . G A L L E , (S w itz e r la n d ).
on all American Canadian, British and Dutch
C a p ita l P a id Up
1 3 ,0 0 0 ,0 0 0 F ra n cs, markets.
Transfer o f Stock and Bonds. Payment and co
Solicit Accounts and Agencies o f Banks and
Bankers.
lection o f Dividends, Coupons and Interest War BANKERS A N D COMMISSION MERCHANT»!
INTEREST ALLOWED ON DEPOSITS.
rants. Foreign Exchange and Cable Transfers on
Ca b l e t r a n s f e r s , l e t t e r s o f c r e d i t Loaf en and Paris
83 W a ll S tre e t! N e w Y o r k ..
NO. 45 W ALL STREET, NEW YORK.
SWISS UNION BANK,
R. T . Wilson Sc Co.,
THE CHRONICLE
MARCH 5, 1362,]
©anadiati Batiks.
Bank of Montreal,
[ESTABLISHED 1818.]
C A P I T A L Paid In - - S 1 3 . 0 0 0 .0 0 0 Gold
SURPLU S - - 8 6 , 0 0 0 ,0 0 0 Gold
Hon. Sir DONALD A. SMITH. President.
E. 8, CLOUSTON, General Manager.
ÜTBW YORK OFFICE:
O l, 5 0 a n d 6 1 V 1 L L S T R E E T .
W a l t k b W a t s o n , I * «rents.
A l k x ’ b LANS,
Î A gents.
Buy and sell Sterling ana Continental Rechange
nd Cable Transfers ; grant Commercial and Travel
ers’ Credits available in any part o f the World
■sue drafts on, and make collections in, Chicago
and throughout the Dominion o f Canada,
L o n d o n O ffice, N o . 2 2 A b c b n r c D L a n e ,
iii
gfoveistt.
IP n a u c ia l.
N E W ENGLAND.
The Union Discount Co.
of London, Limit’d.
FO O TE & F R E N C H ,
89 Cornhlll, London, March 3.1898.
C a p ita l S u b s c r ib e d .......................8 0 .3 0 5 ,OoO
P aid u p ............... . ........................... 3 ,1 5 2 .5 0 0
R e s e r v e F u n d ................................. - 9 7 0 ,0 0 0
84 8 5 -5 1 .
NOTICE IS HEREBY GIVEN that the RATES
of INTEREST allowed for money on deposit are as
follows:
A T C A L L , 1H P E R C E N T .
A T 3 to 7 D A Y S ’ N O T IC E , 1H P E R C E N T .
The Company discounts approved bank and mer
cantile acceptances, receives money on deposit at
rates advertised from time to time In the London
Paris and Berlin, papers, and grants loans on ap
proved negotiable securities.
C H R I S T O P H E R R . N U G E N T , M a n a g e r.
Canadian Bank of Commerce Blake, Boissevain & Co.,
C a p ita l an d S n r p ln a ..................,8 6 ,9 0 0 .0 0 0
ALEX. LAIRD and WM. GRAY
Merchants’ Bank of Canada
C a p ita l S to c k P a id Up............... 8 5 ,7 9 9 ,2 0 0
R eserve F und
8 2 ,5 1 0 ,0 0 0
Henry Hague and John B. Harris, Jr.,
61
W ALL
AGENTS.
STREET, NEW
BUY AND SELL STERLING EXCHANGE, CABLE
TRANSFERS, AC
Is s u e C o m m e rcia l C re d its. A v a ila b le In
a ll P a rts o f the W o r ld .
Imperial Bank of Canada.
C A P I T A L (p a id np)
8 1 ,9 0 0 ,0 0 0
SU RPLUS
9 5 0 ,0 0 0
H. S. HOWLAND, Pres’t. T. R. MERRITT, Y.-P.
D. R. WILKIE, Cashier.
H E A D O F F IC E , T O R O N T O .
B r a n c h e s in On t a r io .—Essex, Fergus, Galt,
Incorsoli, Niagara Falls, Port Colborne, St. Cath
arines, St. Thomas, Sanlt Ste Marie, Welland,
Woodstock, Rat Portage.
T o ro n to .—Wellington Street, Yonge and Queen
Bts„ Yonge and Bloor Sts.
B r a n c h e s in No r t h w e s t —Winnipeg, Brandon,
Calgary, Portage la Prairie, Prince Albert, Edmon
ton.
Agents in London :
I Agents in New York,
Lloyd’s Bank, limited. I Ba n k o r M o n t r e a l .
Collections promptly made in any part o f Canada.
D r a w e r s o f S te r lin a E x c h a n g e .
AGEN CY
B
a
OF TH E
n
k
OF
C I R C U L A R N O TE S Issued in Pounds Ster
ling, available in all parts o f the world. C O M
M E R C I A L C R E D I T S IS S U E D for use in
Europe, China, Japan, East and West Indies and the
Brazils, River Plate, &c.
Bills collected and other banking business trans
acted.
F.‘ BROWNFIELD, 1 Agents.
BLAKE
BROTH ERS
&
CO.
5 N a ssa u S treet, N e w Y o r k ,
28
S tate S treet. B o s t o n , M a s s .,
ADOLPH
B O IS S E V A IN & C O .
BONDS bought and
RAILROAD BONDS o f conservative
issues constantly on hand.
COMMISSION ORDERS executed in
bonds and stocks.
FOREIGN
sold.
EXCHANGE
bought
and
Sheldon & Binney,^.
BAN KERS,
O a h l e s H . Sh e l d o n , J r .
h
The Railway Share Trust
& Agency Company,
IN V E S T M E N T
4 Bank Bnildings, London, England,
S u b scrib e d a n d P a id -u p C a p ita l, £ 9 7 1 , 3 0 0
This Company undertakes the negotiation and
issue o f Loans and Capital of companies on the Lon
don market, and acts as agent for approved Railways
or other Corporations in payment of Interest, Divi
dends, Registration of Stock, and generally, and also
as Trustee for Debenture holders.
CABLE ADDRESS, PAVY, LONDON.
Heinemann & Co.,
62 Gresham House, E. C.f
LON DON .
S o lic it accounts and agencies of Banks.'Railway»
Corporations, Firms and Individuals upon
favorable terms; also orders for the pur
chase and sale of Bonds, Shares, Ac., Ac.
on the Stock Exchange.
I n te r e s t allowed on Deposits, subject to 60-days
sight drafts, at Bank of England rate, and
one per cent below that rate subject to de
mand drafts.
N e g o tia te Railway, State and City Loans,________
. 52 N ew B road
S tree t,
S E C U R IT IE S .
0 Per Cent Electric Street. RR. Gold Bonds,
o Per Cent Water Company. Bonds.
7 Per Cent Irrigation Bonds.
|10 Per Cent State o f Wash., County Warrants.
E X C H A N G E B U IL D IN G ,
5 3 S T A T E S T R E E T , B O ST O N , M A S S .
P E %* S Y L V A N I A
SAMUEL REA.
THOMAS B. REA.
Rea Bros. & Co.,
115
LIMITED,
W il l ia m B i n k e y , J r .
Noyes & Bridge.
A m s te rd a m . H o lla n d .
F o u r t h A v e n u e , P it t s b u r g ,
Pa.
STOCKS, BONDS AND GRAIN.
m em bers
OF THE
N ew Y o r k , P h ila d e lp h ia a n d
S to c k E x ch a n g es .
P ittsb u rg
PRIVATE WIRES TO NEW YORK & CHICAGO
Henry. Sproul &
78
F O U R T H
Co.,
AVENUE,
P IT T S B U R G , P A .
MEMBERSlOr THE
NEW Y O R K STOCK EXCH ANGE.
P H IL A D E L P H IA S T O C K E X C H A N G E .
P I T T S B U R G E X C H A N G E (3 M em b ers).
N. Holmes & Sons,
BANKERS,
P IT T S B U R G , P E I L
CORRESPONDENTS :
Bank o f New York, N. B. A.
First National Bank o f Philadelphia,
PITT.SBURG,
PA.
ESTABLISHED 1871.
L O N D O N , E . C.
Act as Agents for American Banks and Financia
Companies. Collect Foreign Exchange and execute
orders on commission on tho London Market.
INTEREST ON DEPOSITS. CABLE TRANSFERS.
The Bank of Australasia. Dennistoun, Cross & C o.,
(Incorporated by Royal Charter, 1835.)
N o. 4 T h r e a d n e e d le S tr e e t, L o n d o n .
Paid-up Capital, £1,600,000; Reserve Fund, £800,090; Reserve Liability o f Proprietors under the
charter, £1,600,000.
Letters o f Credit and Drafts issued on any o f the
numeious branches o f the Bank throughout Aus
tralia and New Zealand. Bills negotiated or sent
for collection. Telegraphic transfers made.
Deposits received in London at Interest for fixed
periods, on terms which may be ascertained on ap
plication
PRIDBAUX SELBY, Secretary.
M ass.
Transact a General Banking Business. Dealers In
Itocks, Bonds and Local Securities.
PRIVATE TELEGRAPH WIRES TO NEW YORK
AND BOSTON.
Hong Kong & Shanghai Pierce, Wright & Co.,
B A N K I N G C O R P O R A T IO N .
Paid-np Capital..................................... $10,000,000 00
Reserve Fund........................................ 6,806,596 31
Reserve Liability of Proprietors......... 10,000,000 00
The Corporation grant Drafts, issue Letters o f
Credit for use o f travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore,
Saigon, Manila, Hong Kong, Foochow, Amoy,
Ningpo, Shanghai, Hankow, Yokohama, Hiogo,
San Francisco and London.
A . M . T O W N S E N D , A g e n t , 5 0 W a l l S t.
GOVERNMENT
sold.
B o sto n ,
N e g o tia te Railway, State and City loans.
E x e c u te orders for bonds, Shares, etc., on Com
mlssloa and transact a general Banking an
Commission Business.
S p e cia l a tte n tio n given to the execution o f
orders for Securities on the New York, Lon
don and Amsterdam Exchanges, in corres
pondence with
B ritish N orth A merica,
N o. 52 W A L L S T R E B T .
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland;
also on Canada, British Columbia and San Fran-
S tree t,
¿8 Westminster St., Providence, R . I .
AND
YORK.
C o n g re ss
L O N D O N , E N G L AND.
agents,
16 EXC H AN G E PLACE, NEW Y O R K .
BUY AND pwnvr, STERLING EXCHANGE, CABLE
TRANSFERS. BTC.
l i n e C o m m e rcia l C r e d its a v a ila b le In a ll
p a r ts o l th e w o r ld .
Canadian Currency bought,
.
. „
Drafts drawn on and Collections made at all
points inOanada.
BANKERS,
48
Bartholomew Lane, London, E. C.,
Executef orders for the purchase and sale of
Bonds, Stocks, Ac., on the Stock Exchange; receive
accounts and Agencies ot Banks, Railways, Corporations, Firms and Individuals upon favorable
terms; Commercial and Travelers’ Credits and
Bills o f Exchange on them are issued by their
Aarents and Attornevs#
MOSLE B R O TH ER S,
52 E XC H AN G E PLACE, NEW Y O R K
Whitney & Stephenson
BANKERS AND BROKERS,
N o. 57 F O U R T H A V E N U E .
Oldest Pittsburg members N. Y.- Stock Exchange
E, W. Clark & Co.,
BANKERS AND BROKERS.
M o. 1 39 S o u t h F o u r t h S t.,
P H IL A D E L P H IA .
Pransact a general banking business. Allow
merest on deposits.
Members of the Philadelphia and New York
Stock Exchanges, and connected by private wirf
with New York.
• v - ..
iv
THE CHttONICLE.
Voi>. LTV.
ilattkrcB ano ftrohnrö tn Meto M ord ©it#.
B oody,
M cLELLAN
A
Tain tor & Holt,
C o .,
YORK
B r o a d w a y , o p p o s ite E x ch a n g e P la c e .
AND
BROOKLYN
FINANCIAL
BANKERS
BANKE RS,
W
NEW
TR U S T CO’S STOCKS.
No. 11 Wall Street, Cor. New, New York
P. O. B o x 447.
Investment Securities
A specialty. Including Water Bonds, Cor Trust
Bor do >tnd ilrst-class * all way Bonds.
Private telegraph wires to Providence and Boston
PoriMaiars furnished on application.
G. E. TAINTOR. G. D. L’HUILIER. G. H. HOLT
Dated a . boodt ,
c . w . McL u l a x ,
H knbt t . Boodt .
Samuel D. Davis & Co.
4S
W ALL.
T. Stock E x h c a n g k ,
STREET, NEW Y O R K .
k.
____B O N D S .
Mo. 44 W A LL ST., MEW Y O R K
Emerson
& Turnbull,
STOCKS, BONUS AND PETROLEUM.
80 BROADW AY.
IN V E S T M E N T » E C U R I T I E S .
M A R L I N A C C O U N TS S O L I C IT E D .
1 "1 B P e r C ent C om m ission .
INTEREST ALLOWED ON BALANCES.
Correspondence Invited.
ESTABLISHED SINCE 1868.
W. K. B. E m erson ,
Ra m s a y T urnbull
Member N. V. Stock Exchange.
BONDS.
64 BROADWAY, NEW YORK.
So u t h e r n
Sp e c i a l t y
B O N D and S TO C K B R O K E R S
Dealers tn Investment Securities,
B A N K E R S ANO B R O K E R S ,
No. 7 NASSAU STREET,
(Continental National Bank Building,)
'
N ew Y o rk .
Supply selected Investment bonds for cash or In
Xtthange for marketable securities.
Execute commission orders for investors at the
Stock Exchange or In the open market,
furnish information respecting bonds
46 W a ll
S tr e e t, M e w Y o r k .
Investment Securities
8. Y o u n g , J r .,
T.
a
Member N. v . Stock Exchange.
Em erson M c m il l in .
Specialty.
w. 8. Nblso v
H. G. Campbell & Co.,
B A N K E R S AND B R O K E R S ,
9 N e w S tr e e t e n d 1 4 B r o a d w a y ,
NEW YORK
Emerson McMillin & Co.
Robert Goodbody & Co.,
30 B R O A D S T R E E T , N. V i,
16 B RO AD STREET, NEW Y O R K .
R u sse l l Ma r q u a n d
J a m e s B. Sk e h a n
Member N. Y. Stock Exchange.
Haven & Stout,
BANKERS
AND
BRO K ERS.
2 E x ch a n g e C o u rt, N. Y .
Memoers o f the Consolidated Stock and Petro eum
Exchange.
RAILROAD STOCKS AND BONDS
B O U G H T AND SO LD
A t l» 1 6 t h p e r ce n t C om m ission
INVESTMENT and MISCELLANEOUS
SECURITIES.
Southern Securities a Specialty.
WM. M. H ARRIM AN, Member N. Y. Stock Exchange
NICHOLAS FISH.
OLIVER HARBIMAN, Jr
Harriman & C o ,
N o. 120 B R O A D W A Y , N E W Y O R K ,
EQUITABLE BUILDING,
BANKERS AND BROKERS.
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
INVESTMENT BONDS A SPECIALTY.
Rolston & Bass,
STOCKS. BONDS AND MISCELLANEOUS
SECURITIES.
W. H. ROLSTON,
2 6 B r o a d S tre e t.
W. ALEX. BASS, Jr.
N E W Y O R K .;
Members N. Y. Stock Ex.
EDWIN 8. HOOLBY.
P. O. Box 3.080
W. H. Goadby & Co.,
B A N K E R S AND B R O K E R S ,
N O . 24 B R O A D 8 T R E E T *
N ew
S to c k s a n d B o n d s B o u g h t an d S o ld on
C om m ission .
INTEREST ALLOWED ON DEPOSITS.
Y erk .
Hatch & Foote,
7 PINE 8TREET, NEW YORK.
IMYESTMEMT SECURITIES,
B A N K E R S AND B R O K E R S ,
Investment Bonds and Stocks,
Mo. 10 W A L L STR EE T,
MEW Y O R K ,
B A N K E R S AND B R O K E R S
Marquand & Skehan,
*
BANKERS,
H e n r y B. W ilson .
4 0 W A L L ST R E E T , NEW Y O R K .
Negotiations Conducted for Purchase and Sale of
G a s, E le ctric, W a te r , s t r e e t R a ilw a y , C oa l,
BANKERS AND BROKERS,
I r o n and In d u stria l P ro p e r tie s .
N o . 1 0 W A L L S T ., N E W Y O R K .
Securities negotiated only upon personal examina
Orders for Stocks and Bonds executed at all Ex tion o f property.
changes
Especial attention given to supplying high-« !..« R o b e r t Go o d b o d y . A. L . L ee . G. B. W a t t s , Jr
IN V E S T M E N T S E C U R IT IE S .
H e n r y g . Ca m p b e l l , I Members N. V . Stock
J. B o r d e n h a r b i m a n , >
Exchange.
R. A . Lancaster & Co.,
Young & Nelson,
Gilman Son & Co.,
John t ±. Davis & Co.,
s e c u r it ie s a
BROKERS,
DEALERS IN
Robertson & James,
2 W a ll Street, Mew York.
In addition to a General Banking Business, Bny
and fell Government Bonds and Investment Se
curities.
YORK.
IN V E S T M E N T S E C U R IT IE S .
C. H. HUESTIS
(Member N. Y. Stock Exchange)’
L. M. SWAN,
E. H. LADD, JR.,
_ _
______
General Partners.
C. D. WOOD, Special Partner.
DEALERS i n a l l k i n d s o r
Railroad and Investment Securities.
Btooks and bonds bought and sold on commission
•mall or large lots. Aooounta solicited. Infor
mation promptly given.
BAN KERS,
NEW
AND DEALERS IN
N o . 2 0 N A S S A U S T ., N E W Y O R K ,
B r o w n ’s S o n s,
Members New York Stock Exchange,
NO. 62 C E D A R S T R E E T .
C O M M IS S IO N
Simon Borg & Co.,
Stew art
Fahnestock & Co.,
BROADW AY,
31 Pine Street, New York City.
BANKERS AND BROKERS
BROKERS,
96
AND DEALERS IN INVESTMENT SECURITIES
No. 20 Broad Street, New York.
STOCK
W IL L IA M C. N O Y E S
Wood, Huestis & Co.*
carefully compiled list o f choice Investment Bonds
S t u m D. Da v is ,
Ch as . b . v a n Nostbano
furnished upon application.
Member V. Y. stock Exchange
Fred H. Smith,
D e a lt la by
BANKERS
Henry S. Redmond,
M e m be r
Specialties for Twenty Years.
TRANSACT A GENERAL BANKING AND STOCK
EXCHANGE BUSINESS.
BANKERS,
18
W ALL
STREET,
NEW
YORK.
E sta b lish e d 1 8 6 3 .
MEMBERS OF NEW YORK STOCK EXCHANGE
Allow Interest on deposits subject to sight check.
j>ny and sell on commission stocks and bonds either
for cash or on margin« and deal in
Investment Securities.
A. M. Kidder ,
c h a s . D. M a r v i n ,
n. j. m o u s e
w . M. Kronuu.
H. B. Philbrook,
5 3 and 15 7 B R O A D W A Y , N E W Y O R K .
Agent for Bondholders of Southern Bonds. State,
Municipal and Railroad,
L O A N S O B T A IN E D ON C I T Y P R O P E R T Y
IN T H E S O U T H E R N S T A T E S .
Howard Lapsley & Co.,
BANKERS A N D B R OKERS,
No. 1 Exchange Court
NEW YORK
P r iv a t e W ir e s to B e e to n a n d P h ila d e lp h ia .
_ I. N ic h o l a s ,
W . C. T a y l o b -
J. S. NICHOLAS,
Membera N. Y. Stock Exchange.
t
L.
H .U A T U .
I. Nicholas & Co.,
B A N K E R S AND
INVESTMENT
BROKERS.
SECURITIES A SPECIALTY .
11 W all Street, New York.
THE CHRONICLE
F e b r u a r y 97. 1882.]
%usnxmxtz.
Davenport & Co.,
B A N K E R S
AND
U L t s c e lla n Y O E A
O F F IC E O F T H E
ffitxaticial.
J. Spencer Turner,
8UCCE8SOR TO
B R O K E R S ,
B r in c k e r lio ff, T u r n e r & C o.,
R IC H M O N D , V IR G IN IA .
A T L A N T IC M U T U A L
ESTABLISHED, 1860.
C O T T O N SA IL DUCK
Correspondence solicited and inform ation fur
nished about Southern State, Municipal and Rail
road Investment Securities.
New York R eference—CHAS. M. FR Y, Esq.. Preai
dent Bank o f New York. N. B. A .
AND ALL KINDS OF
Insurance Company,
Mortgage Loans
IN
TEXAS.
S M IT H
A
CO .,
SAN A N T O N IO , T E X A S .
IN V E S T M E N T
BONDS.
OH P e r C ent 1 « * 1 5 y e a r F ir s t M o rtg a g e
G o ld B on d s.
T R U S T E E —1 H K S T A T E T R U S T C O .,
T
N o. 5 0 W a ll S tre e t, N ew Y o r k C ity .
PARTICULARS UPON APPLICATION.
The Gurley Investment
Company,
DENVER,
C O LO .
C a p ita l a n d S u r p lu s ,
STOCKS AN D
TO
■
BONDS LOCAL
J. S. R IPPE L,
C lin to n S tree t, N e w a r k , N . J .
SOUTHERN
California Securities
OF TH E HIGHEST CHARACTER.
S IX P E R CENT INTEREST on the outstand
ing certificates o f profits w ill be paid to the
holders thereof, or their legal representatives,
on and after Tuesday, the 2d o f F ebruary next.
W. R. T . Johnston,
60 B R O A D W A Y , N E W Y O R K .
Metropolitan Traction
Stock,
Controlling the
ROAD
and the principal cross-town horse car lines,
B O U G H T AND SO LD B Y
Dick Brothers & Lawrence,
3 0 B r o a d S tr e r t, N ew Y o r k .
W IL L IA M H E N R Y C H A N D L E R
W A L D R O N S H A P L E IG H ,
Losses paid during the same
P e r i o d ................................ $1,836,325 11
A m ou nt....................................$12,278,582 17
7 P e r C ent D eb e n tu re B on d s.
8 P e r C ent G u a r a n te e d M o rtg a g e s .
CABLE
Total Marine Prem ium s....... *5,256,865 84
Premiums m arked off from 1st
January, 1891, to 31st D e
cem ber, 1891..........................$3,784,723 36
The Company has the follow in g Assets, viz.:
United States and State o f New
Y ork Stock, City, Bank and
other Stocks............................... $7,567,155 00
Loans secured b y Stocks and
oth erw ise................
2,009,100 00
R eal Estate and Claims due the
Com pany, estimated at....... .
1,083,400 36
Prem ium Notes and Bills Re
ceivable.......................................
1,425,030 93
193,895 88
Cash in Bank................
NEW ARK
B R 04D W A Y
N e w Y o r k , January 25th, 1892.
The Trustees, In conform ity with the Charter
o f the Company, submit tho follow in g state
m ent o f its affairs on 31st day o f D ecem ber,
1991.
Prem ium s on Marine Risks from
1st January, 1891, to 31st
D ecem ber, 1891........................ $3,862,687 97
Prem’ ms on Policies not m arked
o f f l s t January, 1891................ 1,3 94,1 778 7
&
Chemical Engineers and
Consulting Chem sts.
TH E OUTSTANDING CERTIFICATES of
the issue o f 1887 w ill be redeem ed and paid to
the holders thereof, or their legal representa
tives, on and after Tuesday, the 2d o f Febru
ary next, from which date all interest thereon
w ill cease. The certificates to be produced at
the time o f paym ent and canceled.
A DIVIDEND OF FO R TY P E R CENT is
declared on the net earned prem ium s o f the
Company fo r the year ending 31st D ecem ber,
1891, fo r w hich certificates will he issued on
and after Tuesday, the 3d o f May next.
B y order o f the Board,
W M . F R A N K L IN H A L L
ACCOUNTANT
Jos. C. Platt, C. E.,
ATLANTIC MI TU 4L INS. CO. SCRIP i
3 2 P IN E (S T R E E T , N E W Y O R K .
The American
Manufacturing Company
THK LARGEST WORKERS OF FIBRE IN THE WORLD
Manufacturer» of
CORDAGE
A N D OF
B A G G IN G F O B C O TTO N .
In addition to mills at St. Lonis and Charleston
ave just completed at Green point, Brooklyn, th#
xrgest, best equipped and best located
CORDAGE
AND
B A G G IN G M IL L
IN ANY COUNTRY.
« ■ s e t s B e e . 3 1 , 1 8 9 1 ...... $ 6 ,7 3 7 ,9 8 8 2 1
S u r p lu s ...................................
6 4 9 ,0 4 1 0 5
18>0.
1M >2.
The United States Life
Insurance Co
IN T H E C I T Y O F N E W Y O R K .
NEW INSURANCE W M TEN.
16,836,666 6i 11890............ 811.955,167
8,468,696 00 |IMG............ 14,iOL,664
1888.
1889.
CEO, H. BURFORD President,
a P. FRA LEIGH,
A. WHEELWRIGH
Secretary.
Assistant Secretary
WM. T . 8TANDEN, Actuary.
The two most popular plans of LIFE INSUR.
ANCB are the CONTINUABLE TERM POLICY
which gives to the Insured the greatest possible
amount o f Indemnity in the event o f death at the
lowest possible present cash outlay; and the
GUARANTEED INCOME POLIC V.which embraces
every valuable feature o f investment Insurance,
and which, In the event o f adversity overtaking
the Insured, may be used as COLLATERAL SE
CURITY FOR A LOAN to the extent o f the full
legal reserve value thereof. In accordance with the
terms and conditions o f these policies.
Good Agents, desiring to represent the Company
are Invited to address J . 8 . G A F F N E Y , Super
intendent o f Agencies, at Home Office.
SECUR E BANK V A U L TS .
TRUSTEES:
J. D. Jones,
W. H. H. M oore,
A. A. Raven,
Joseph H. Chapman,
James Low,
BOOKS
a u d it e d
Wm. Sturgis,
Benjam in H. Field,
New forms designed for books o f aocount.
James G. D e Forest,
Settlement of Insolvent Estates.
Wi.liam Degroot,
418 Exchange Building, 68 State Street Boston.
William H. Webb,
H orace Gray,
William E. Dod^e,
George Bliss,
C O N S U L T I N G E N G I N E E R , John L. Riker,
C. A . Hand,
W ATERFORD,
4 3 JO H N S T „
John D. H ewlett,
N. Y „
or
N, Y .C 1 T Y .
Charles P. Burdett,
E x a m in a tio n s an d R e p o r t s f o r I n v e s t o r s . *
H enry E. Hawley,
D e a lt In b v
Ag en ts
J . H . C H A P M A N , S ecreta ry.
Chemical Industries Investigated, New Processes
Examined Plans and Specifications oi Works Fur
nished. Also Yearly Contracts for Consultations.
R o o m s 9 7 «& 9 » , 8 o B r o a d w a y , N ew Y o rk .
AUGUSTUS F L O Y D ,
lso,
U N IT E D S T A T E S B U N T IN G CO.
A full supply, all Widths and Colors, always
•took.
N o . 1 0 9 D u a n e S tree t.
Returns o f Premi
ums and Expenses.$784,790 57
$ 5 0 0 ,0 0 0
DEALT IN BT
7
COTTON CANVAS FELTING DUCK,
CAR COVERING, BAGGING,
RAVENS DUCK, SAIL TWINES, Ae*
ONTARIO ” SEAMLESS BAGS,
“ AWNING” STRIPES.
A
NO COMMISSIONS charged borrower or lender untl
loans have proven good.
F R A N C IS
MANUFACTURER AND DEALER IN
I
Charles H. Marshall,
Charles D. Leverioh,
Edward Floyd Jones,
G eorge H. Macy,
Law rence Turnure,
W aldron P. Brown,
A nson W. Hard,
Isaac Bell,
N. D enton Smith,
Thom as Maitland,
George L. Nichols,
G ustav Amsinck,
Joseph Agostini,
G eorge W. Campbell,
V ernon H. B row n, '
Christian de Thom sen,
Leander N. Lovell.
JO H H .D . JONES, President.
GENUINE
WELDED CHROME STEEL AND IRON
m Round and Flat Bars, and 6-ply Plates and Angle
FOR SAFES, VAULTS, Ac.
Cannot be Sawed, Cut, or Drilled, and positively
Burglar-Proof.
CHROM E STEEL W O R K S,
Hole Man’f ers In the U. 8.
B R O O K L Y N , N. if
JOSEPH GILLOTPS
STEEL PENS.
i OLD
MEDAL,
Pa ris e xposition ,
188ft
THE MOST PERFECT QF PENS
TH O R O U G H CIPHER C O D E.
Secresy Device Perfect: Copious Blanks: Handy Siie
(8 1 .5 0 ea ch .) (8 3 -0 0 oa tr.) ($ 1 5 .0 0 d o z .)
W. H. H. MOORE, Vice-President.
PUBLISHERS,
A. A . R A V E N , 2d Vice-President.
B U R N Z <& CO.
2 4 Clinton PI.
G ET IT FRO M
of
C . BU RN Z,
5th F lo o r ,
3 3 W a ll St«
STHE CHKOJSICLE]
vi
[V< Io LIV.
ü r t i s t C lo tm ja tm s .
Union Trust Company United States Trust Co.
OF
NEW
OF NEW YORK,
Y O R K '
80 Broadway, New York.
C A P IT A L
. . . .
SURPLU S. . .
.
$ 1 ,0 0 0 .0 0 0
> $ 4 ,0 0 2 ,5 1 8 9 2
Authorized to act as Executor, Administrator,
Guardian. Receiver or Trustee, and is
A L E G A L DEPOSITORY FOR MONEY,
A cts as Trustee o f mortgages o f corporations, and
accepts the transfer agency and registry o f stocks.
Allows interest on deposits, which may be made at
any time, and withdrawn on five days’ notice, with
interest fo r the whole tim e they remain with the
oompany.
For the convenience o f depositors this company
also opens current accounts subject, in accordance
with its rules, to check at sight, and allows interest
pen the resulting daily balances. Such checks pass
tbrengh the Clearing House.
_
_
Attends specially to the M ANAGEM ENT OF
R E A L E STATE and to the collection and remit
tance o f rents.
It makes ample provision in its
N EW BU R G LA R AND FIRE PROOF V AU LTS
for the safe keeping o f securities placed in its cus
tody, on which it collects and remits income.
TRUSTEES.
W m . Whitewright,
H . V an Rennsl’r Kennedy
Henry A . Kent.
James H. Ogilvie,
R. T. W ilson,
James T. W oodward,
W m. F. Russell,
George A . Jarvis,
C. D. W ood,
C. Vanderbilt.
Tames N. Platt,
A . A . Low,
i>. C. Hays,
G. G. Williams*
W m . A lex. Duer,
R. G. Remsen,
Charles H . Leland,
Edward Schell,
Edward King,
Amasa J. Parker/
E. B. W esley,
Samuel F. Barger'
D. H . McAlpin,
Geo. C. Magoun,
George B. Carhart,
W. Emlen R oosevelt!
Chauncy M. Depew.
EXECUTIVE COMMITTEE.
W m . Whitewright,
G. G. Williams,
Edward Schell,
E. B. W esley,
Geo. C. Magoun,
C. D. W ood,
D. C. Hays,
James T. W oodward.
E D W A R D KING, President.
CORNELIUS D. WOOD, >Vice-Presidents
JAM ES H. OGIL VIE,
i Vice-Presidents.
AUGUSTUS W . KE LLE Y, Secretary.
J. V . B. T H A Y E R , Assistant Secretary.
Knickerbocker Trust
Company,
3 3 4 F I F T H A V G ., C O R . 2 7 T H S T R E E T .
45 and 47 Wall Street.
C A P I T A L A N D S U R P L U S , - 3 9 .7 5 0 ,0 0 0
This company is a legal depository for moneys
paid into court, and is authorized to act as guardian
or trustee.
INTEREST A LLOW ED ON DEPOSITS,
which may be made at any tim e and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators or trustees o f estates,
and w omen unaccustomed to the transaction o f
business, as well as religious and benevolent institu
tions, will find this company a convenient depository
for money.
JOHN A . S TEW A RT, President.
GEORGE BLISS, Vice-President.
JAMES S. CLARK, Second V lce-Pres’t.
H ENRY L. THORNELL, Secretary.
LOUIS G. H AMPTON, Assistant Secretary.
TRUSTEES:
W ilson G. Hunt, Jno. H. Rhoades, Chas. S. Smith,
Daniel D. Lord, Anson P. Stokes, W m.Rocketelier,
Geo. H . Warren, A lex. E. Orr,
Samuel Sloan,
George Bliss,
W m.H. Macy,Jr.,
James Low,
W m . D. Sloane.
W m. W . Phelps, Wm,Lifebey,
D. Willis James, John C. JBrown, G. H. Schwab,
John A . Stewart, Edward Cooper, Frank Lyman,
Urastus C orning/W . B ’y’d Cutting, Geo. F. Vietor,
W m . W aldorf Astor.
Manhattan
Trust
Co
Corner o f W all and Nassau Sts., N. Y.
C A P IT A L , . . . . . . . . .
DIRECTORS
F. 0 . French, N. Y.
R. J. Cross, N. Y.
H. L. Higginson, Boston.
August Belmont, N. Y .
E. D. Randolph, N. Y,
H. O. N orthcote, N. Ÿ .
C. C. Baldwin, N. Y.
Chas. F. Tag, N. Y
John Kean, Jr., N. J.
3 1 ,0 0 0 ,0 0
H. W . Cannon, N. Y .
John R. Ford, N. Y.
T. J. Coolidge, jr., Bos.
James O. Sheldon, N. Y.
A . S. Rosenbaum, N. Y .
John N. A Griswold, N. Y.
Sam’l R. Shipley .P hila.
R .T . Wilson, N. Y.
J. I. Water bury, N. Y
F. 0 . French, President.
J. I. Waterbury, V .-P re.
A . T. French, Secretary and Treasurer.
ALLOW S INTEREST ON DEPOSITS. EXE
CUTES TRUSTS OF EVERY DESCRIPTION
REG ISTR AR AN D TRANSFER AGfflNT
Branch office, 18 W all St. and 3 Nassau St.
C A P I T A L AN D S U R P L U S , - 3 1 ,0 0 0 ,0 0 0
DESIGNATED L E G A L DEPOSITORY.
A cts as Executor or Administrator o f Estates and
as Guardian, Receiver, Registrar, Transfer and
Financial Agent for States, Cities, Towns, Railroads
and other corporations.
JOHN P. TOWNSEND, President.
CHARLES T. B AR N EY. Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
The
D IR E C T O R S t
Joseph S. Auerbach,
John S. Tilney,
Harry B. Hollins,
E . V . Loew,
Jacob Hays,
H enry F. Dimock
Charles T. Barney,
John P. Townsend
A . Foster Higgins,
Charles F. Watson,
Robert G. Remsen,
David H. King, Jr, 1
Henry W . T. Mali,
Frederick G. Bourne
Andrew H . Sands,
R obert Mac! ay
James H . Breslin,
C. Lawrence Perkins,
Gen. George J. Magee,
Edward W ood,
L Townsend Burden.
W m . H . Beadleston.
A lfred L. W hite.
FRED’K L. ELD RIDGE, Secretary.
________ J. HENRY TOWNSEND. Assist. Secretary.
EQ U ITABLE
Life Assurance Society
OF THE UNITED STATES.
Deposits received subject to check at sight, and
I n t e r e s t a l l o w e d on the resulting daily balances.
Certificates o f deposits issued for time deposits,
on which s p e c ia l r a t e s will be allowed.
I n t e r e s t c o m m e n c e s fr o m d a t e o f d e p o s it .
Authorized by law to act as Executor, Adminis
trator, Committee, Guardian, Trustee, Receiver,
Fiscal and Transfer A gent and as Registrar o f
Stocks and Bonds; is a l e g a l d e p o s i t o r y f o r
T r u s t F u n d s and for moneys paid into court.
Loans made on approved collaterals.
Checks on this Company are payable through the
New York Clearing House.
A . D. W HEELOCK, President.
W IL L IA M DICK,
l vice-P rest’s
JOHN TRUSLOW , J v ic e -w e st s.
0 . F. RICHARDSON. Secretary.
W m . Dick,
A. D. Baird
Darwin R. James,
B. B. Tuttle,
John Truslow,
Ditmas Jewell,
F. W . Wurster,
TRU STEES t
Bernard Peters,
W m . E. Horwill,
J. K. V oorhees,
A . D. W heelock,
W m. F. Garrison,
Jno. T. Willetts,
Chas. H. Russell,
John Loughran,
Edward T. Hulst,
J no.McLaughlin,
A . M. Suydam,
W m.E. W heelock
O. F. Richardson,
Henry Seibert.
$186,198,518
ASSETS,
109.905,587
Liabilities,
SURPLUS,
$26,292.981
-
LOCU ST
3 3 ,0 0 0 ,0 0 0
.
.
$ 1 ,0 0 0 ,0 0 0 0 0
5 0 0 ,0 0 0 0 0
T ra n s a cts a G e n e ra l B a n k in g
B u sin ess.
ALLOWS INTEREST ON DAILY BALANCES SUBJECT
TO CHECK.
TRUSTEE UNDER MORTGAGES. TRANSFER AGENT
REGISTRAR.
BOARD OF DIRECTORS.
T. Jefferson Coolidge, Jr..President’ *
Frederick L. Ames,
John F. Anderson,
John L. Bremer,
Martin Brimmer
T. Jefferson Coolidge,
George F. Fabyan,
George P. Gardner
Francis L. Higginson,
Henry S. Howe,
W alter Hunnewell,
William P. Mason
George V on L. Meyer,i
Laurence Minot,
Richard Olney
Henry R. Reed,
Lucius M. Sargent,
Nathaniel Thayer
John I. W aterbury,
Stephen M. W eld,
H enry C. W eston
T. JEFFERSON COOLIDGE, JR .,
President,
C. S TUCKERM AN,
Secretary
New Ycrk Guaranty &
Indemnity Co.,
59 C E D A R S T R E E T , N E W Y O R K ,
M u t u a l L ife B u ild in g .
C A P IT A L .,
SURPLU S,
-
-
-
$ 2 ,0 0 0 ,0 0 0
$ 5 0 0 ,0 0 0
TRANSACTS A G EN ERAL BAN KIN G AN D
TRUST COMPANY BUSINESS. AND SOLICITS
T H E ACCOUNTS OF CORPORATIONS. FIRMS
AN D INDIVIDUALS.
INTEREST A LL O W E D ON DEPOSITS.
E D W IN P A C K A R D . P re s id e n t.
A D R I A N IS E L IN , J r ., V ic e -P re sid e n t.
G E O . R . T U R N B U L L , 2 d V ic e -P re s id e n t.
H E N R Y A . M U R R A Y , T r e a s . an d 3 ec.
J . NELSON B O R L A N D , A ssist. S e c r e t a r y
DIRECTORS.
Samuel D. Babcock,
Augustus D. Jullliard,
Frederic Cromwell,
Richard A . McCurdy,
Josiah M. Fiske,
Edwin Packard,
Walter R. Gillette,
H enry H. Rogers,
R obert Goelet,
H enry W . Smith,
George Griswold Haven, H. McK. Twombly,
Oliver Harriman,
Frederick W . Vanderbilt,
Charles R. Henderson,
W illiam C. W hitney,
Adrian lselin, Jr.,
J. H ood W right.
e x e c u t i v e Co m m i t t e e .
Samuel D. Babcock,
Richard A . McCurdy
Frederic Cromwell,
Edwin Packard,
George Griswold Haven, H . McK. Twombly,
Augustus D. Juilliard,
H enry H , Rogers.
Mississippi Valley Trust
Company,
3 0 3 N o r t h 4 tli S t r e e t ,
S T . L O U IS , M IS S O U R I.
C a p ita l................................................81 5 9 0 ,0 0 0
UNDER ST AT E SUPERVISION.
New Business written in
1891,
3 2 0 0 ,0 0 0 d ep osited w ith S ta te O fficer te
p ro te c t tru st lia b ilit ie s .
A G EN ERAL TRUST COMPANY BUSINESS.
233,118 331
Assurance in force,
804,894.557
Allows Interest on Deposits.
Authorized to act as Executor, Guardian, Receiver,
Trustee, &c. Manages Estates. Collects Rents.
Becom es Surety on all kinds o f Court Bonds.
Has Safety Deposit Vaults; a Savings Department.
INVESTMENT SECURITIES A SPECIALTY.
DIRECTORS •
Charles Clark,
L. G. McNair,
Chas. H. Bailey;
Thos. T. Turner, John D. Perry, F. W . Paramore,
Wm. F, Nolker,
John Scullin,
Geo. H. Goddard,
T. O’Reilly, M .D., B. F. Hammett, James Campbell,
Sam’l M. Kennard, S. E. Hoffman, August Gehner,
Aug, B. Ewing,
D. W . Caruth, Julius S. Walsh,
8. R. Francis.
B. F. Hobart. Williamson Bacon,
OFFICERS:
J u l iu s S. W a l s h , President.
J ohn D. P e b r y , 1st Vice-President.
J o h n Sc u l l in , 2d Vice-President.
B r e c k in r id g e J o nes , Secretary.
-
H E N R Y B . H Y D E , P resid en t.
J A M E S W . A L E X A N D E R , V ic e -P r e s .
STREETS
John T. Davis,
Alvah Mansur, ’
Daniel Catlin,
Edward S. Rowse,
Sam’l W . Fordyce,
Jno. A . Scudder,
August Gehner,
Edward C. Simmons,
H enry C. Haarstick,
Edwin O. Stanard,
W m . L . Huse,
J. C. Van Blarcom,
Ghas. D. McLure,
Thos. H. West,
Edwards Whitaker.
THOS. H . W EST, President.'
JOHN D. F1LLEY, Secretary.
A . C. STE W A R T. Counsel.
A llow s Interest on Deposits. Executes Trusts o f
every Description. A cts as Registrar and Transfer
Agent, &e
.
$39,054,944
St. Louis, Mo.
C a p ita l a n d S u rp lu s, D IR E C T O R S «
.
.
INCOME, -
St. Louis Trust Co.,
C O R N E R 4 th A N D
B O S T O N , M ASS.
C a p ita l
S u r p lu s ,
J A N U A R Y 1, 1 8 9 2 .
The Nassau Trust Co.
1 0 1 B r o a d w a y , B r o o k ly n , I . Y .
C A P I T A L ................................. ....... $ 5 0 0 .0 0 0
O LD C O L O N Y
TR U ST COM PANY.
T H O M A S B R A N C H A C O .,
BANKERS AND COMMISSION MERCHANT
R IC H M O N D , V IR G IN IA .
Circulars and Information on funding the debts oj
Virginia and North Carolina free o f oost; one-eight}
per cent oharged fo r funding. Southern Railroa#
and State and Citv Rond* bought and sold.
MERCHANTS’ NATIONAL BANK,
R IC H M O N D , V IR G IN IA .
Collections made on all Southerfi points on best
term s; prompt returns.
JOHN P. BRANCH, President.
J o h n F. G l e n n , Cash’r. f b k d . r . Scott . Vioe-Pre*
Metropolitan Trust Co.
3 7 a n d 3 9 W a l l S tre e t. N e w Y o r k .
P a id -U p C a p i t a l .......................... $ 1 ,0 0 0 .0 0 0
S u r p lu s .......................
7 0 0 ,0 0 0
Designated as a legal depository by order o f
Snpreme Court. R eceive deposits o f m oney on in
terest, act as fiscal or transfer agent, or trustee fo r
corporations, and accept and execute any legal trust!
from persons or corporations, on as favorable terms
as other similar companies.
Tnom as Hillhouse, Pres. Fred'kD .T appen, V.-Pre#
0. M. Jesup, 2d V.-Prea. Beverly Chew, Secretary.
George D Coanev. Assisi m Secretary.
THE
M arch 5, 1892.J
Sank s ta te m e n ts .
R E P O R T OF T H E C O N D IT IO N O F T H E
^ M E R C A N T IL E NATIONAL BANK
o f the city o f New York, at the close o f businesa
M arch 1,1892:
RESOURCES.
Loans and discounts................................110,130,146 52
O v e rd ra fts........... .......................... t .......
37 0*
50,000 00
U. 8. bonds to secure circu la tion .........
Other stocks and bonds..................... .
14, 00 00
200,000 00
Real estate, banking h o u s e ...................
Specie....................................$1,771.659 26
Legal-tender n otes..........
924,500 00
Bills o f other banks...........
5,677 00
<5h’ ks and other cash items
10,466 46
Exchanges fo r cl’ing house 749,028 74
Due from national banks.. 552,669 37
D u e from State banks and
bankers..............................
36,336 17
R edem ption fund with U.
8. Treasurer (5 per cent
2,250 00
o f circulation)..................
Due from U. S. Treasurer
other than 5 per cent re_______ L
9,000 00—4,067,582 00
'dem ptiun fu n d ................
T otal.......................................................$14,461,745 52
LIABILITIES.
_________
Capital stock paid in ................................. ^1.000.000 00
Surplus fu n d ..............................................
900,000 00
Undivided profits, net................... .
135,ol3 09
National bank notes outstanding........
45,u00 00
Dividends unpaid ...................................
34 00
Deposits —
Individuals... .................... $4,449.508 09
•National banks................... 5,853,518 98
State banks andbank’rs... 1,884,927 69
Demand certs, o f dep’sit..
12,253 74
Certified ch e ck s ................
113,983 20
Cashier’s checks outst’g ..
67,527 73-12,381,718 48
T otal..................................................... $14.461,755 52
S tate o f New York, County o f New York, ss :
I, F r e d ’ k B. Sch e n ck , Cashier o f the abovenamed oank, do solemnly swear that the above
statement is true, to the best o f my knowledge and
b elief.
FR ED ’K B. Si'HKNCK, Cashier.
Subscribed and sworn to before m e this 4tb day
<of March, 1892.
F. A . K. B r y a n ,
Correct—Attest:
Notary Public, New York Co.
H E N R Y T. K N E K LA N D ,)
J. F. NICHOLS.
£ Directors.
______ W M . P. ST. JOHN,
Re p o r t
of th e
c o n d it io n o f t h e
N A ION AL CITY B a NK OF N EW YORK,
at New York, in the State o f New York, at the close
o f b usiness M arch 1, 1892:
RESOURCES.
/Loans and discounts................................$15,790,829 43
U. 8. bonds to secure circulation..........
50,noo 00
D u e from other national banks.............
448.803 93
D ue from State banks »nn b a n k ets....
123,924 60
Banking heuse, furniture & fixtures...
200,000 00
Other real estate & morrg .ges owned.
3,000 00
Current expenses and taxes paid........
26,544 67
'ChecKB and othpr cash items.........
..
493,802 54
Exchanges fo r Clearing H ou se............. 5,112,2*>1 66
17.962 00
Bills o f other bank-.................................
F ractional paper cur’cy, nickels & cts.
851 30
S pecie................... . .................. ................ . 4,850.918 00
L ega l tender notes.................................... 1,323,040 00
U. 8. ctfs. o f deposit fo r legal tenders.. 2,060,000 00
,D ue from U. S. Treas. acc’ i,custom s..
4<>,u00 60
CHRONICLE.
s ta te m e n ts .
vii
J B a u li
s t a t e m
e n t s .
e po r t
th e
n d i io n o f t
po
of
o n d i io
o
h e
N
NAL B
1
TV
*N \
B N
at New R
R e LinBrKtRState tNhAe IcYork,Lattthe4n R ,fo ftbusi N SWUNITEDo fSTATES coofATIO tYork, atAN K hAeT
YORK, in the State
New
theclose
York,
the
o f New
close
ness on the 1st day o f March, 1893.
RESOURCES.
$741,029 19
Loans and discounts ............................
U. S. bonds to secure circulation (par
50.000 00
v a lu e ), 4 per cents...............................
188,625 63
Stocks, securities, e t c ..............................
98,121 «7
Due from other national banks.. . . . . .
769 04
Furniture and fixtures...........................
6,297 07
Current expenses and taxes p a id ......
8,250 00
Premium on bonds fur circu lation ....
945 45
Checks and other cash item s................
75,938 07
Exchanges fo r Clearing H ouse.............
1,500 00
Bills o f other banks.................................
50 08
Fract’l paper cur’ncy, nickels & cents ..
Specie, viz.:
Go d co n . ..............................$15,577 50
Gold Tre snry certificate?. 20,000 liO
Silver dollars
.................. 1,112 00
silv er treasury c’tificates. 5 5o0 00
F actional sliver coin ........ 1,878 65
---------------44.068 15
Legal tender n o te s.................................
54,512 00
Redemption fund with U. S. Treasurer
(not more than 5 p. ct. on circulation)______ 2,250 00
T otal..................................................... $1,272,356 65
LIABILITIES.
Capital stock paid in ................................
$500,000 00
Undivided profits........................
....
8,b72 10
C ircu itin g notes receiv’d from Comp
45,000 00
troller.................................
Individual deposits subject
to ch eck...............................$525,810 16
Demand certificates o f de
posit..................
22 60
Certified ch ecks...................
4.388 08
Cashier’s checks outst’d ’g . 101,170 80
631,391 64
Due to other national banks..................
71,113 86
Due to State and private banks and
b an kers...................................................
15,979 55
T otal..................................................... $1,272.356 65
I, J a m e s Ch r is t ie , Cashier o f the Liberty Na
tional Bank o f New York, uo solem nly swe >r that
the a bove statement is true to the best o f m y
know ledge and belief.
JAMES CHRISTIE, Cashier.
State o f New York, County o f New York, ss:
Sworn to and subscribed b efore me this 4th day
o f March 1892.
T h us . S. W il l ia m s , N otary Public, N. Y . Co.
Correct—A ttest:
H E N R Y GRAVES. )
H . C. F A H N E 8TO ' K ,> Directors.
H E N R Y C. TIN K E R. J
D E P O R T O F t h f C O N D IT IO N O F T H E
•TV S E A B O A R D N A T IO N A L B A * K , at New
York, in the State o f New York, at the close of
business March 1,1892:
RESOURCES.
Loans and discounts............................... $3,860,707 47
U. S. bonds to secure circulation........
50,000 00
U. 8. bonds to secure deposits,.............
100,000 00
Stocks, secui ities, e tc.............................
840,026 32
Due from other national banks .......
775,984 56
Due from State banks and bankers......
90,266 67
Current expense- and taxes paid........
17,531 03
Premiums on U. S. bonds........................
28,246 88
T otal.................................................$30,531,393 13 Checks and other cash items $3,879 58
L IA B IL IT IE S .
Exch’ges for Clear’g House. 789,067 27
Capital stock paid i n .................
$1,000,000 00 Bills o f other banks...........
270 00
1,000,000 00 Fractional paper currency,
Surplus fu n d ...........................................
U ndivided profits...................
1,563.412 18
nickels and cen ts........... ..
210 44
Dividends unpaid......................................
960 00 Specie.................................... 565,758 55
Individual deposits subject to che k .. 20,240,448 30 Legal-tender notes.............. 546,276 00
Demand certificates o f deposit.............
28,900 0 * U. 8. certificate- o f deposit
Certified ch eck s..................
2,661,256 33
fo r legal tenders ........... 100,000 00
Cashiers’ checks outstanding................
829,318 82 Redemption fund withU.S.
Due to other national banks. .............. 2,360,920 73
Treasurer (o p. c. o circ.)
2,250 00
D u e to State banks and hankers..........
846,186 77 Due'Vrom U. 8. Treasurer
other than 5 p. e. redemp
T otal...................................................$30,531,393 13
tion fu n d .................. . . . . • 2,000 00
State o f New York, County o f N ewYork. ss:
---------------2,009,711 84
I, D a v i d P a l m e r , Cashier o f the above-aam ed
bank, do solem nly swear that the above state
T otal...........................................
$7,272,474 77
m ent is true, to the best o f my knowledge and
LIABILITIES.
b elief.
D. PA LM E R, Cashier.
Subscribed and sworn to b efore me this 4th day Capital stock paid in ................................ $500,000 00
O f March. 1892.
EDWIN F. COREY.
3urplus fu n d ..............................................
150,000 00
Correct—A tte s t:
Notary Public.
Undivided profits....................................
53,773 88
SAM SLOAN,
;
National bank notes outstanding..........
40,630 00
H. A. C. T A Y L O R .) Directors.
Dividends unpaid....................
3 00
R. G. ROLSTON,
'
Individual deposits sub
je ct to ch eck ................... $1,764,604 36
Demand certfs. o f deposit
20,002 47
Certified checks
...........
330,055 69
Cashier's checks outstand
ing......................................
25,165 95
United states deposits—
100,000 00
--------------------$2,239,828 4T
Due to other national
........................................... 2,497,430 82
Due to State banks and
bankers............................. 1,787,808 60
OF
------------------- 4,285.239 42
Total..'. .................................................$7,2(2,474 77
S to c k s
a n d
B o n d s , State o f New York, County o f hew York, s».:
I, Sa m ’ l G. BAYNE, P resid en tof the above-named
bank, do solemnly swear that the above -tatem ent is
TUESDAY, March 8, at 12:80 P. M.
true, to the best o f my Knowledge and belief.
S. G. BAYN E. President.
A t the Real-Estate Exchange & A uction Room,
Subscribed and sworn to before me this 4th day
Nos. 59 to 65 Liberty St.
o f March, 1892.
C. R . S ym m es .
Notary Public.
(For account o f whom it may concern.)
Correct—A tte s t:
'50 shares American Exchange National Bank, $100
U B & MILMINE,
)
each.
E D W A R D V. LOEW . > Direct rs.
1 share New York Law Institute.
STU a R T g . NELSJN, )
25 shares Leather Manufacturers’ National Bank,
$1ii0 each.
-650 shares R. W . Bell Manufacturing Co. (o f Buffalo,
N. Y.). $l0n each.
25 shares Bank o f New York, N. B. A ., $100 each.
T 0 shares Merchants’ National Bank. $50 each.
100 shares Mechanics’ National Bank. $25 each.
254 shares Phenix National Bank $20 each.
6n shares National Park Bank. $100 each.
.100 shares Irving National Bank, $50 each.
2 shares Mercantile National Bank, $100 each.
The undersigned hold R E G U L A R W EEKLY
■60 shares Market & Fulton National Bank, $100
AUCTION SALES o f all classes o f
each.
60 shares National Bank o f Commerce, $100 each.
25 shares < ontinental National Bank. $100 each.
$7,l0u City o f Rome (Georgia) 8 per cent Bonds, due
1896.
LON
$6,500 New York Central & Hudson River R R. Co.
6 per cent Bonds, due 1893.
$5,000 City o f Elizabeth, N. J., Adjustm ent 4 per
EVERY WEDNESDAY.
cent Bonds, due 19 2.
Lists at auctioneers’, 71 and 78 Liberty St.
A D R I A N H . M I L L E R & SON,
Hichard V.Harnett&Co.
Henry W. Donald, Auctioneer.
REGULAR AUCTION SALE
STO CK S and BONDS
A t Auction.
o f business, March l s r, 1892:
RESOURCES.
Loans and discounts.
. ........... ...........$5,623,088 65
Overdrafts, secured and u n secu red ....
84,493 70
U. S. bonds to secure circulation..........
500,0-to 00
125,000 00
U S. bonds to secure deposits................
Stocks, securities, &c................................
114,i>97 49
• ue from other na tion s1ban ks.............
487,200 44
Due from State banks and bankers.......
65,540 64
Banking house, furniture and fixtures.
580,<>85 93
Current expenses and taxes p a i d ........
19,713 15
Premiums on United -tates bonds.......
114,755 96
Ch’ks and other cash item s
$2,514 82
E xch’s fo r Clearing H ouse 787,416 18
Bills o f other banks
....
4,200 00
Fractional paper currency,
nickels and cen ts.............
31 25
Specie..................................... 2,121,277 00
Legal tender notes.............. 320,673 00
Redem ption fund with U.
S. Treasurer (5 per cent
o f circulation)...................
22,500 00
Due fr im U. S. Treasurer
other than 5 par cent re
5,300 00
dem ption fu n d .................
------------------ 3,213,912 26
.$10,927,888 21
LIABILITIES.
Capital stock paid in ................................. $500,000 00
Surplus fu n d ..................................
500,000 00
Undivided profits...............
74,471 70
450,000 00
National bank notes o u ts ta n d in g .......
Individ.depos.sub.to ch’k. $2,605,370 90
Demand certif. o f deposit .
15,396 67
Guar, aec’t accepted ch ’ks.. 497,330 42
Cashier’s checks outst’ding
5,048 04
United States deposits....... 125,000 00
Due to other nat’l ban ks... 4,044,386 21
Due to State b ’ks and b’kers 2,110,884 27
----------------- 9,403,416 61
T otal
T o ta l....................................................... $10,927,888 21
State o f New York, County o f New York, ss:
I, H. C. H o p k in s , Cas nier o f the above-nam ed
bank, do solemnly swear that the above state
m ent is true to the best o f m y knowledge and belief.
H . O. HOPKINS, Cashier.
Subscribed and sworn to before me this 4th day o f
March, 1892.
Ch a s . F l y n n ,
Notary Public, New York County.
Correct—Attest :
J. H . P A R K E R .
Ì
T. E. ST1LLM AN,
I T>jrectO
T«
THOS. H. H U «B 4RD , f 1Jireclor8,
W . P. THOM PS iN,
J
d e p o r t
of th e
c o n d it io n
of th e
I L CHASE N ATIO NAL BANK OF T H E CITY
OF NKW YORK, at New Yorn. in the State o f New
York, at the close o f business March 1,1892:
RESOURCES.
Loans and discounts........ .......................$11,195,536 49
Overdrafts, secured........ .......................
56 61
U. S. bonds to secure circulation........
400,000 00
U. 8. bonds to secure deposits
........
2 0,000 00
<
158.700 00
U S. b o n d -o n hand........................ ........
Premiums on U. S. bonds.......................
37,252 67
Bonds and s 'o c k s .....................................
579,964 48
Due from other national
banks .............................
$789,514 24
Due from State b’ks and
bankers . . . . . . . . . . . . . .
154,606 69
Checks and other cash
ite m s ..............................
7,401 96
Exchanges fo r Clearing
house ............. ’. ............
992,489 64
Rills o f other banks........
34,750 00
Fr ictional paper curren
cy, nickels and cen ts..
290 89
Specie................................. 8,773,635 50
L egal-tender notes.......... 1,900,467 00
U. S. ce rtif’s o f deposit
fo r legal-tenders........
1,200,000 00
Redemption fund with
U. S. Treasurer (5 per
cent o f circulation)......
18,000 00— 8,871,155 92
T o t a l..................................
$21,442,666 IT
LIABILITIES
Capital stock paid in .................................
$500,000 00
Surplus fu n d ........ ..................................... 1,000,000 00
Undivided p rofits.......... ...............:V......
83,497 15
National bank notes outstanding . . . . . .
330,000 00
Individual deposits sub
je ct to check................. $3,025,417 02
Demand ctfs. o f deposit.
29,9^7 88
Certified checks...............
817.747 88
Cashier’s ch ’ks outs’ding
408,156 92
Deposits o f U.S. disburs
ing officers.....................
228,448 26
Due to other nat. banks
9,0-iO.t 61 02
Due to State bkB. & bk’rs 6,498,740 54—
19.549,169 02
T otal........ . ...........................................$21,442,666 17
State o f New York, County o f New York, ss.:
I, W m . H. P o r t e r , Cashier o f the above-named
bank, do solemnly swear that the above statement
is true, to the best o f my knowledge «nd belief.
Wm. H. POrtTEK, i'ashler.
Subscribed and sworp to before me this 4th day
Of March, 1892.
W. O. JON kS,
Notary Public, Kings Co.
Correct.—A tte s t:
Ctf. tiled in N. Y. Co.
SAMUEL T H O M AS,)
H . w . CANNON,
> D irectors.
CALVIN S. BRICE, )
Honsatonic RR. Preferred Stock.
Danbury & Norwalk RR. Stoc«.
Buttato Railway Co Bonds aud Stock.
Rochester R ’y Co. B»nds aud thtocfc. /
Newark Pass. R ’y Bonds and Stock.
United Electric R ’y (> ashv ille ) Bonds.
D E A L T IN BY
SAMUEL H. BARROWS, 34 N ew St .
STOCKS AND BONDS Staten Island Securities
N. B.—Sales should be received by noon on Friday
>»to get the benefit o f advertising in this paper.
NO. 1 PINE STREET, NEW YORK.
A S P E C IA L T Y .
Has« R ailroad and Electric Light Go.
Stocks.
GEO. B . R IP L E Y ,
66 B road w ay .
B oom
8.
THE CHRONICLE.
ffitrattciaX.
JERSEY
First Mortgage 5 P er Cent G Id Bonds,
DUE 1941,
P r in c ip a l an d In te r e st G u a ra n te e d b y the
Lehigh Valley Railroad Co.
O F P E N N S Y L V A N IA .
C O L D 4 l-2s.
Lehigh Valley Railway Co.
N* W
YORK
F irst Mortgage 41 -2 Per Ct. Gold Bonds,
DUE 19 40,
IP iicn ip a l a n d In te r st G u a ra n te e d b y t* e
IF Lehigh Valley Railroad Co.
O F P E N N S Y L V A N IA .
Notice is hereby given that 100 o f the GEN ERAL
SECOND MORTAGE BONDS o f the NORTHERN
PACIFIC R A ILR O A D COMPANY were this day
drawn from the sinking fund, in accordance with the
requirements o f A rticle 11 o f the Trust Mortgage,
numbered as follows, viz.:
$ 1 , ttttO COUPON B O N D S .
3285
6764
9547
173
15071
8654
7154
15397
217
9577
8672
7219
424
9722
15534
8675
7308
646
10(170
15693
3751
7446
633
10202
16861
7491
4188
822
10213
16040
4214
7695
969
11710
16151
7915
5318
1193
12478
16152
5356
8173
1242
12596
17387
5359
8219
1275
12676
18118
5426
8 34
1806
13281
18272
5520
8508
2059
1834«
13(23
5809
8583
2145
13375
18347
6811
8597
2164
13378
19236
5850
3761
2227
13427
19289
6039
2242
8887
14556
19366
6222
9194
2262
14585
19479
6374
9166
2594
14587
19566
6885
2772
9167
14606
19620
6552
9160
3037
14777
19939
These bonds will he paid at 110 and accrued in
terest upon presentation at the office o f the F A RM
ERS’ LOAN AND TRI ST COMPANY, Nos. 16,18,
20 and 22 William Street, New York.
The interest on th e above bonds will cease on and
after April 1,1892.
By B . G . K OLs-TON , P resid en t.
FOR SALE B Y
Reed & Flagg,
P IN E
STREET,
NEW
YORK.
’ N e w Y o r k , Feb. 24,1892.
T o th e S to c k h o ld e r s o f th e
OF
1 S T C O N S O L ID A T E D E X T E N D E D &
P E R CE N T RONDS, 1 9 2 2 .
P r in c ip a l an d In te r e s t G u a ra n te e d by
NEW YO R K C E N T R A L RR. CO*
COUPONS A P R IL AN D OCTOBER, P A Y A B L E IN
GOLD.
P R I C E 1 1 3 A N D A C C R U E D IN T E R E S T *
Unger, Smithers & Co.*
37 AND 3 9 W A L L S T R E E T .
$ 1 5 0 , 0 0 0 W AN TED
Or 4 1 2 P er Cent Ground Rent..
S E C U R IT Y A M P L E AND A B S O L U T E PAYM EN TS P R O M P T AS sU N R IsE FOB INFORMATION ADDRESS
The Zoological Society*
C I N C I M A T I , O H IO ,
AND
Thomson-Houston Electric Co.
Inpursuaace o f the terms o f the Fifth Article c
the Stockholders’ Agreement, dated F eb .9, 18W yo
2,
are hereby notified to deposit your stock on th
terms and fo r the purposes o f tne Agreem ent wit
«¡»9.
York Guaranty & Indemnity Company, Ni
69 Cedar Street, New York, or the Old Colony Trui
Company, Ames Building, Boston, Mass., on or befor
March 7 next,
i ither Company will issue temporary negotiabl
receipts therefor.
J . P I E R PONT M O R G A N ,
D . O. M n L S ,
H . M cK . T W O M B L Y ,
F R E U K K IC K L . AM ES,
T . J E F F E R S O N C O O L ID G E ,
R E A R Y L . H IG G 1N S O N ,
C om m ittee.
____
P h i l a d e l p h i a , Penn., Feb. 25,1892.
F I D l .i T Y I X S U K A N E . T R U S T
A AND SAFE DEPOSIT COMPANY will distribute
through the « E N TR A L TRUST COMPANY OF
N EW VORK. on and after March 21, to the HOLD E R8 OF CERTIFICATES OF EQU ITAB LE IN
TEREST in the stocks o f the CHICAGO GAS COM
PANIES, o f record, March 8, an amount equal to 1M
P E R CENT o f the par value o f their holdings o f the
certificates o f that company. The transfer books
Will close March 8 at 3 P. M. and reopen on March *2.
JOHN B. GEST, President.
THR
To the Holders o f Chicago Gas Com
panies’ Fidelity Trust Receipts.
H o ld e r s o f th e » h o v e S E C U R I T Y , as
ih o w u on th e cl sin g o f th e transfe* b o o k s
on M a rch S. f o r the r e g u la r q u a r te r ly d tv idend , w i l l be oflered , E X C L U S I V E L Y , a
v a lu a b le o p tio n , p a r tic u la r s o f w h ic h w ill
b e s h o rtly an n ou n ced.
E . C. B E N E D IC T & CO .,
2 9 B r o a d s t r e t.
W A N T F D —W R . B o n d s , large amounts. Brok
ers and principals address, P. O. B ox 1241, Phila., Pa.
FOR SALF.
A controlling interest or less in one o f the best
equipped electric light and ice manufacturing plants
In the South. Has an authorized capital o f |&0,oo0;
paid-up capital, $39 100. Makes 26 per cent on paidup capital. For further particulars address
R. S. P., care Financial chronicle.
A . E. B U R K H A R D T , President.
N e w Y o r k , February 16,1892.
C. F. M cLEA N , Secretary-
Northern Pacific Rail Charles T . Wing & Co.,
road Company.
BONDS,
Notice is hereby given that bonds o f the
NORTHERN
PACIFIC R AILROAD COMPANY,
MISSOURI DIVISION,
numbered as follows, were this day drawn fo r the
Sinking Fund, in accordance with the requirements
o f the trust mortgage, viz.:
18
1986
2010
2018
2056
2091
2092
2107
2145
2192
2205
2211
2240
2328
2347
2
2414
30
W ALL
STRE E T. NEW
•frank E . W in g ,
$ tOO BO N D S, N os.
Edison General Electric Co. 1922
1979
AM OUNT
TH E FARM ERS’ LOAN AND TRUST CO.. Trustee.
The Lehigh Valley R R. Co. pays regular dividends
o f 6 per cent on its capital stock.
11
L IM IT E D
Northern Pacific Rail Rome Watertown & Ogdensburg RR. Co.
road Company.
Lehigh Valley Terminal
Railway Co.
OF
A
NO. 6.
G O L D 5s.
NEW
fin a n c ia l.
f i n a n c i a l .
B O N D S .
OF
{V ol. U V ,
YORK. ±
H e n ry A . G la s s io r d .
E d w a r d N . G ib b s. S p e cia l.
2443
2569
2572
2624
2675
2696
2707
2738
2782
2816
2825
2858
B O N D «.
The principal and accrued interest o f which bonds
will be paid upon presentation at the office o f the
Farmers’ Loan & Trust Company, Nos. 16,18, 20 and
22 W illiam Street, New York.
The interest on the above bonds will cease on and
after May 1,1892.
T H E FARM ERS’ LOAN A TRUST COMPANY,
Trustee.
By R. G. ROLSTON, President.
Ne w Y o r k , March 1,1892.
N O R T H E R N P A C IF IC R A T L R O 'D C O *
!N
T keasukjck ’ s O k f i - e , No. 17 B hoad St .,
New Y o r k , Feb. 18, 1892.
A dividend o f ONE D O LLAR par s h .re U s this
lay been declared on the preferred at*>ckof this
om pany fo r the quarter ending Dec. 31, i8Hi,pay—
,ble April 16, 1892, to h lder» o f rec ra March 11892. 'l he transfer books o f the preferre-t^scoek
rill close at 3 o ’clock P. M. March 11, 1892, mid
emain closed until 10 o ’clock A . M. April 19, 1892.
By order o f the Board o f Directors.
’
GEORGE 8. B A X iK K , Treasurer.
O W A CEN ’ R A L B * I L W A Y C O M P * N Y ,.
NEW Y UBE, OFFICE. No. 11 WALL 8T., (
MiW YuUK, Keb. 29,1892. »
A dividend o f ONE DOLLAR P E K -S H A K E h a j
lis day been declared on tbe preferred »took o f tniai.mpauy out o f earnings, payable Monday, April u *
<92, to holders o f record April 1.1892. 'i he transjr books o f the pref, rred stock will close at 3 P. M.,
"(•ill, and remain closed until 10 A . M. A pril 12,..
Chattanooga Southern
Railway Co.
162
N O T IC E .
H o ld e r s of “ to o k an d B onds o f th e C h a rta n oog • S ou th ern
a ilw a y C om pan y a r e re*
quire«! io «lepo-tt th e ir sto ck o r b o n e s wi>h
the C en tral T ru s t ( om paov o f N ew V a rk ,
an >er the ag reem en t d ated J a n . 7 , 1 8 9 a.
ON «-»* B F O R E M A K t'H
!♦«, 1S.-tti,
(w h ich is h ereb y fixed a s the tim e fo r dew
p os tin g i he name), and unles* th ey so d e
p osit ib e ir h old in g s they w ill n-»t b e en
titled to p a r tic ip a te in an y w a y ia the
benefits o f ,ui<i ag reem en t.
} F F IC E
cu ecks will be mailed to stockholders on or before
.pril 11,1892.
By order o f the Board o f Directors.
GEO. R . MORSE, Secretary-Treasurer.
OF
K F O K IJK
A
W ESTERN
R A IL R O A D COMPANY,
52 W il l ia m S b e e t ,
1
NEW Y< BK, March 2,1892. I
A t a meeting o f the Board o f Directors o f this Comm y, held this day. a dividend o f ONE PE R CENT
n the capital stock o f this Company was declared,
ayable April 1,1892, at the office o f John Patou A
o., 62 William St.. New York, to stockholders o r
scord at the closing oi the books.
Transfer books will close March 22, and reopen.
.Dril 2.
_ _________ __
N e w Y o r k , Feb. 25,1892.
F K E ItE K IC P. O L C O T T ,
C H A R I .E S W. F R Y ,
EUGENE K E L L Y ,
JO H N B Y R N E .
F R A N C IS R . P E M B E R T O N ,
C o m m it t e e .
G. S. ELLIS, Secretary.
George M. Hicks,
5 E U C L ID
AVENUE, ROOM
26,
C L E V E L A N D , O H IO .
REAL ESTATE AND LOANS.
Choice loans on inside property placed fo r Eastern
parties. Best o f references given. Your favors
solicited.
J 'b e
© b r u ttiti« .
Annual Subscription:
I n th e U n ited S ta te s a n d C a n a d a ....§ 1 0 0 0
I n E u r o p e ................ ..................(¿62 8 s,) 1 1 50»
These prices include
I n v e s t o r s ’ S u p p lem en t o f 1 5 0 pages.!
S ta te a n d C ity S u p p lem en t o t I f 4 p a g e s.
W IL L IA M
B . D A N A «fc C O ., P u b lis h e r *
1 0 2 W illia m S tre e t, N E W Y O R K .
P ost Of f ic e B o x 958.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
E ntered according to A ct o f Congress, in the y ear 1892, b y W m . B. D ana < C o., in the offloe o f the Librarian o f Congress, W ashington, D. C.]
fe
YOL. 54.
SATURDAY, MARCH 5, 1892.
T.he ©hrouidc.
C L E A R IN G
H O U S E R E T U R N S .
T h e a g g r e g a t e f o r th e w h o le c o u n t r y e x h ib it s a d e c lin e f r o m
t h e p r e c e d in g w e e k o f t w o h u n d r e d a n d s e v e n t y -n in e m illio n s
o f d o l l a r s , d u e i n p a r t t o t h e l o s s o f o n e d a y ’ s b u s in e s s o n
a c c o u n t o f th e h o lid a y as w e ll as t o th e s m a lle r v o lu m e o f
s p e c u la tio n .
C o n t r a s t e d w i t h t h e s i m i l a r p e r i o d o f 1891 t h e r e
i s a n e x c e s s o f 23*5 p e r c e n t i n t h e t o t a l , a n d a g a i n o f 14*1 p e r
c e n t o u t s id e o f N e w Y o r k .
Week Ending February 27.
1892.
New Y ork .......................
Sales of—
„
(Stocks.............. shares.}
(Cotton............ .bales.)
(Grain.............bushels.)
(Petroleum...........bbls.)
1891.
P . Cent
W orcester........................
P ortland...................,••••
L ow ell..............................
New Bedford...................
88,805,970
5,126,600
2,073,535
1,231,412
1,275,284
1,304,856
1,276,835
895.186
492,070
T otal New E ngland...
86,105,950
83,667,343
-4-2-9
102,481,748
Philadelphia...................
Pittsburg.........................
B altim ore.........................
Buffalo..............................
W ashington....................
R ochester........................
Syracuse...........................
W ilm ington.....................
Bingham ton....................
‘ 69,102,430
13,093,682
14,489,712
7,329,849
1,611,299
1,171,909
810,101
787,624
196,100
54,961,888
11,786,857
11,707,226
6,342,979
1,107,153
1,080,604
752,849
705,739
171,900
+25-7
+11-1
+23-8
+15-6
+45-5
+8-4
+ 7 ‘6
+11-6
+14-1
87,218,198
13,761,600
16,242,651
8,391,956
1,815,880
1,299,060
810,828
822,603
235,800
T otal M iddle................
108,592,706
88,017,255
+22-5
130,598,556
C h ica g o ..........................
Cincinnati........................
M ilwaukee.......................
D etroit.............................
Cleveland.........................
Columbus.......................
Indianapolii....................
P eoria ...............................
Grand Rapids..................
L exin gton ........................
81,521,712
12,970,850
5,507,688
5,388,636
4,408,079
2,438,500
1,957,430
1,800,000
632,573
588,468
66,352,339
10,783,350
4,352,439
4,198,629
4,404,374
2,265,300
1,560,828
1,648,040
574,774
420,458
+22-9
+20-3
+27-9
+19-8
+0-8
+7-6
+25-4
+9-2
+10-1
+28-1
95,324,907
14,560,900
5,906,871
6,293,589
5,152,591
3,022,100
1,800,000
2,026,562
851,639
540,000
T otal Middle W estern.
117,229,836
96,860,531
+21-0
135,479,159
San Francisco.................
Portland...........................
Salt Lake C ity................
Seattle..............................
T acom a............................
L os Angeles.....................
11,439,181
1,531,572
1,409,643
774,152
731,105
671,333
13,105,149
1,724,443
1,318,103
1,000,945
884,219
371,371
-13-1
—11-2
+0-9
—22-7
—17-3
+80-8
15,441,960
1,703,185
1,616,477
929,393
782,813
844,208
T otal Pacific................
16,550,986
18,464,230
—10-3
21,318,042
Kansas C ity....................
Minneapolis.....................
St. P a u l............................
Omaha........................... .
D e n v e r ...........................
D uluth..............................
St. Joseph........................
Sioux City........................
Des M oines......................
W ichita......................... ju
t
L in c o ln ................
T op eka ....... , ....................
8,000,236
7,256,552
4,491,766
4,528,873
3,822,825
1,600,000
1,313,457
933,427
752,075
455,555
581,362
452,292
7,722,082
4,842,462
3,368,057
3,693,712
3,910,055
1,143,912
1,210,697
835,673
559,579
513,327
442,779
472,481
+3-7
+49-9
+33-4
+22-6
—2-2
+39-9
+8*5
+11-7
+34-4
-11-3
+31-3
-4 -3
8,640,391
7,080,142
4,816,535
4,983,920
4,922,488
1,995,000
1,762,020
1,029,545
664,855
547,261
523,976
364,016
T otal Other W estern..
34,194,420
28,714,710
-t-19-1
37,330,749
St. L ou is.........................
New Orleans...................
L ouisville.........................
Galveston.........................
H ouston...........................
N ashville........................
M e m p h is .......................
D a lla s ....,........................
F ort W orth .....................
N orfolk .............................
Chattanooga............ .......
Birmingham ..................
W aco.................................
Savannah*......................
A tlanta*....... .................
20,542,857
10,566,050
6,520,858
2,605,000
1,703,558
1,568,007
3,897,703
973.000
410.000
781,672
401.000
519,510
321,292
1,225,696
1,278,968
17,838,434
10,744,442
5,693,837
2,501,281
1,192,991
1,820,448
2,292,612
890,140
480,999
907,082
418,200
673,410
572,823
25,033,694
+15-1
11,940,870
-1 -6
7,308,840
+11-5
-t-4-2 . 2,715,473
2,007,897
+42-8
1,826,094
—13*9
3,927,127
+70-0
1,100,000
+98
526,693
—14-8
960,222
—13-8
386,500
-4 -1
480,334
—22-9
48L.941
—43-9
1,956,091
1,478,418
+10-4
50,810.507
46,026,999
T otal a l l . ..................... 1,044,511,580
Outside New Y o r k ...... 413,490,405
845,840,931
+23-5 1,323,275,666
362,351,074
+14-1
485,903,639
8,541,458
1,178,021
7,634,704
949,040
+11-9
+23-6
8,972,032
1,075.728
5,172,611
830.020
T otal Southern.
Montreal*.........................
H a lifa x*...........................
H am ilton*........................
* N.it ¡uciu ieri ni t o l+ s .
599,001
58,695,385
P .C t.
T otal N. Eng
432,554,371
400,216,359 48-1
938,940,388
892,353,134 + 5-*
Philadelphia.. 336.851.070 247,433,554 +36-1
Pittsburg.......
55.819,841
49,469,793+12 8
Baltim ore......
66.460.078
66,099.007i+18"5
Buffalo............
33,487,383
28.488.5741+17-5
—0-0 W ashington..
7,732,151
6,203,554 +24-0
-6 -2 R ochester .. ..
5,654,478
5,427.938 4-4-2
+11-7 Syracuse........
3,469,789
3.128,2(3 410-9
+1-3 W ilm ington..
3.576,504
3.240.631 410-4
+14’3 Bingham ton..
983,700
851,600 4-15-5
+5-8
+13-2
T otal Middle 514,034,994 400,342,894 +28-4
+18-4
+13-0 Chicago.......... 368,897,462 293,225,004 +25-8
60,906,650
50,906.900 -1-19-6
Cincinnati......
- o - i M ilwaukee....
21.084,386 1-23-5
20.047.187
25.022.788
21.227,568 -417-9
Detroit............
-t-39‘4 C leveland......
20,683.120
18.895.309 +9 6
+14-8 Columbus.......
12.154,000
10,937,200 4-11-1
+21-0 Indianapolis...
7,890,078
0,797,579 +10-1
+10-0 P e o ria ............
7,981,742
7.142.674 +11-7
+16-0 Grand Rapids.
3,219,155
3,308,828 —2-7
-t-0-7 L e x in g to n . . . .
2,053,675
1,809,575 4-13-5
+07
—2*4
Tot.M .W est. 534,855,797 435,335,083 + 22 9
+16-0
59,750+10
âan Francisco.
62,328,112 -4 -1
+30-3
7,825,523
0,352,261 4-23*2
6,300,000
Salt Lake City
7,293,928 -13-6
+26-9 Seattle............
3,779,306
4,131.764 -8 -5
+11-3 T a com a ..........
3.203,671
3.537,129 -7 -7
+16-0 Los A ngeles..
3,148,385
2,374,693 +32-0
+13-2
+13-4
84,067,295
86,017,887 -2 -3
T otal Pacific
+12-4
+ 6 8 Kansas City...
36,430,350
32.608.296 J1-11-5
+20-3 Minneapolis...
31,169,164
19,454,978 H
-80-2
+0 9 St. Paul...........
19,744,910
14,354.891 -30-0
+10-3 Omaha......... .
21816.028
15,534.848 -40-4
20,290,960
Denver............
15.882,745 -27-9
+22-3 D u lu th .... ...
8,026,126
6.262,724 -28-2
6,651,790
5,529,306 -20-3
St. Joseph ...
-1 -7 Sioux City ...
4,343,068
3.747.191 -15-9
+29-2 Des Moines. .
3,549.737
2,505.902 41-7
-11-2 W ichita...........
2,200,731
2,175,213 -41-2
+3-5 Lincoln ..........
2.525,487
1,796,354 +40-0
-7 -0 Topeka...........
1,690,000
1,604,684 4-5-3
+23-8
T ot oth ’rW . 158,438,351 121,496,632 +30-4
+0-2
97.370.011
St. L ou is.........
82,018.043 +18-7
+9-3 New Orleans..
48,510,824
49,014.689 -T O
+54-7 Louisville.......
30,875,246
28,515,669 +8-3
+4-1 Galveston......
10,950,000
10,517,689 4-4-1
+33-8 H o u s to n ........
8.400.327
7,352,850 +14-2
+26-1 Richmond .. ..
9.400,000
9,341,490 +0-0
+16-6 N ashville.......
8.023.857
8.387,074 -4 -3
+23-8 Memphis.........
15.422,455
11,107,389 +38-8
+14-2 Dallas...........
4.407,575
4,260,543 +4-9
+1-2 Fort W orth ...
2.438.395
3.111.200 -21-0
-1-3 Norfolk ........
3.921,061
4,092,523 -4 -2
+27-0 Chattanooga..
1.800,000
2.038,000 -11-7
+3-9 Birmingham ..
2,094,633 -17-6
2,222,808
2,163,949
2,662,214 -18-7
W a c o ..............
+26-4
T otal South. 245,966,508 225,114,012 4-93
+23-5
—2-3
Total all...... 5,207,386,252 3,973,059,963 +31-1
+6-9
-7 -2 Outside N. Y. 1,969,917,316 1,668,522,867 +18-1
+13-4
Our compilation of sales, &c., for
-7 -8
+29-6
+1-3
Two Months, 1892.
-2 2 0
-9 -2
Aver'ge
P
Actual
-29-7 Description. or a r Value
Quantity
Value.
P rice.
-32-6
—26-6
21,426,154 11104704424
68-9 j
8 to c k { Val8 *1879090700
R R . bonds.. 2146,484,700 *111,272,325 76-0
2464,617 116-9
bonds
2397,450
+9-9 G ov’t bonds.
2508,599 00-2
2828,000
State
2201,350
2278,642 138-4
+36JÎ Bank stooks
T o t a l... 22027002200 21,217288037 00-1
+10-2
22,391,585 00 l-3c.
P et’l’m.bbls
3,964,000
+3-1 Cotton..bis.
6,120‘200 2226,724,465 237-04
+0-9 Grain, bnsh 334,749,825 2293,219,001 87?6c.
647,288,917
119,431,336
139,583,411
60.749,046
15.628.158
11.852,983
8,041,359
7.174.519
2,150,000
550,178,693
100,382,633
120.067.679
00.359.281
13,781,449
11,794,702
6,847,865
7,015,380
1,962,200
P . Cent.
+ 52 0
+35
-3 8
-3 -3
+0-5
+8-6
—1-7
—5-0
+8*6
+19-9
1891.
*
*
*
2
New Y ork....... 3,287,408,930 2,304,537,090 440-0 0,786,084,902 5,261,536,402 +29-0
772,046,094
47,479,800
19,818,882
11,697.772
10,374.693
9,906.560
10.172.598
6,652,247
4,204,482
(+307-1.
(-11-5:
(+235-6
(—61-5)
72,335,712
4,676,200
1,733,828
1,005,617
1,007,045
1,029,203
941,293
604,516
333,869
1892.
817.414.998
46,239.300
20,419.723
12,004.931
12,022.721
10,459.061
9,788,617
6,822,464
3,708,573
(2,805,264)
(525,500)
(62,996,212)
(336,000)
74,870,253
4,496,500
1,676,879
1,011,100
1,094,160
1,011,871
888,643
666,754
400,218
Two Months.
P .C t.
4 8-6
-0 -8
+15-0
+8-2
+12-0
-t-8-7
-2 -8
+4-3
—2-0
+30-5
B o ito n ........... ..................
P rovidence......................
H artford..........................
New H aven.....................
1891.
347.304.030
21,308,500
7,062,786
6,086,551
4,612,503
4,477,379
4.600,392
3,227.688
1,875,930
Week End'd Feb. 20.
1892.
February.
1892.
377.358,221
21.146,000
8,811.080
5,501,688
5,191,578
4,868,700
4.472,608
3,364,910
1,838,980
(520,015) (+139-7)
(1,246,415)
(390,200)
(407.000)
(+4-3)
(16,559,037) (25,833.250) (—359)
(448,000) (+44-0)
(648.000)
$
483,489,857
For the month of February the excess over a year ago
reaches 31*1 per cent in the whole country and 18-1 per cent
outside of New York. The aggregate since January 1 exhibits
a gain over 1891 of 21*5 per cent.
Boston............
Providence...
H artford........
New H aven...
Springfield ....
W orcester......
Portland.........
L o w e ll............
New B edford.
*
837,372,027
$
631,021,181
NO. 1,393.
Total rain.
21,739623078
1,017,900,927
762,953,588
124,225,650
56,337.744
53,241,431
44,259.238
25,448.400
18,036.755
16,426,983
7,155.856
3,906,521
1,111,992,166
+5-9
—2-0
+3-6
+31
+15-9
+5-0
-3 -8
+2-0
-1 1 -8
+17-6
+12-3
+16-3
-t-10-6
+13-4
+0-6
+17-4
+ 2-3
+9-6
878,389,882 +16-9
638,777.720
109,541.700
48,000.939
45,392.803
40,935.881
23,993,700
15,798.142
15,505,329
7,491,355
3,874,971
+19-6
+13-4
+17"A
+17-3
+81
+61
+14-*
+5-9
—4-5
+0-8
949,312,544 +17-1
120,127,088
16,570,182
13.887.450
7,461,583
7,448,289
0,353,025
131,998,857
14,937,108
16,070,399
9,264,463
7,615,785
5,826,515
177,847,617
185,713,125 -4 -2
77,212,808
' 02,284,668
40,283.804
46,318,801
40,795,728
16,351.512
14,587,644
9,331,696
7,479,339
4,555,140
5,717.315
3,608,239
68,084,606
45,103,154
32,040,448
33,850,449
33.455.034
14,007,026
12.986.076
8,365,850
5,314,248
4,718,531
3,945,776
3,508,985
-4 -4
+10-&
—
13-0
-1 9 -6
—2-2
+9-0
+12-4
+ 381
+26-7
+36-8
+21-9
+10-7
+12-3
+11-5
+40-7
—3-5
+44-9
+2-8
328,526,754
205,980,183 +23-5
195,625,251
101.226,492
62.227,325
22,475,037
17,269,843
19.890,098
16,478.587
26,993,540
9.049,144
5,063,943
7,920,716
3,580,000
4,688,473
5,969,809
179,638.788
118.444.619
60,904,844
28,000.130
15,686.949
19,116.005
18,934.737
26,251,900
9,555.206
7,483,401
8,964,009
4,369,000
5,634,493
5,931,802
498,458,264
506,975,883 —I T
+09
—14-3
+2-1
—13-0
+10-1
+4-0
—13-0
+2-8
-5 -3
—82-3
—11-0
—181
—16-8
+0-0
10,859,751,018 8,940,261,215 +21-5
4,073,600,116 3,678,724,753 +10-7
two months is as follows :
Two Months, 1891.
P a r Value
or Quantity
Actual
Value.
8,894,683
2858,443,175 ^444,153,709
270,303.500 256,064,557
2250,076
2208,800
2486,200
2302,587
2533,443
2362,880
2929,804,556 2501,304,372
25,904,040
7,872,000
4,177,300 *193,628.970
108,895,337 *155,742,390
2856,579,772
F o r ta b le o f c le a r in g » by telejir ip!i see “ F in a n c ia l .S itu a tion .”
THE CHRONICLE.
384
THE
S W I
01TY D iP i^ T M E W T ,
See p ag es 4 1 7 , 4 1 8 , 4 1 9 a n d 4 2 0 for our State
and City Department to-day. Among many other items of
news we give the full detailed statements of the bonded
debt, &c., of Fall River, Newton and Fitchburg, Mass., and
Lynchburg, Va., the debts of each city being revised to
date.
A ll advertisements with relation to State and City Bonds
will likewise be found on the same and following pages.
A n e w e d itio n o f tbe
S T A T E AflB OITT W M -E W E U T ,
revised to as near the day of publication as possible, will be
issued early in the month of May.
TIIE F IN A N C IA L SITUATION.
No special developments of moment have occurred
in the industrial and financial situation during the
week. In the stock market there have been some
violent fluctuations in particular stocks, both up and
»down, due to-special causes, but outside of the proper
ties affected in this way there was little activity till
yesterday, when the sharp rise in Lake Shore caused
great animation in the general list. Shipments of gold
to Europe continue, though a slight weakening in the
Tates of foreign exchange early in the week for a time
-encouraged the hope that the movement would he
■checked at least temporarily. General trade remains
■dull, while the iron industry is depressed, prices being
in many cases reported the lowest on record. It is
'Open to question however whether this depression is not
due entirely to the great increase in production, rather
¿hah to any falling off in demand. Our excellent
•crops of last season, with the assurance of prosperity for
the carrying industry which they offered, fostered
-expectations of an exceptional demand for iron and thus
led to the starting up of many furnaces previously idle.
Hence it happens that the addition to the supply has
'been much heavier than the addition to the demand.
.In other departments of business certainly the advices
are quite hopeful. In the dry goods trade for instance,
i t is reported that the enlarged demand from the West
^and Northwest fully offsets the decreased demand from
•
¿he South. Moreover bank clearings now show heavy
ratios of gain over a year ago— not alone at New York,
hut also at a great many other points.
In regard to money, while there is no change in the
market for call loans there is a firmer tone for time
-contracts and for commercial paper, occasioned to
aome extent by expectations of an improvement in
business and also by the prospect that, owing to con
tinued gold shipments, the supply will be drawn down.
On call this week, money representing bankers* bal
ances has loaned at 2 and at 1-J per cent, with the
largest business at the higher figure, so that the aver
age has been close to 2 per cent, at which renewals
have been made. Banks and trust companies quote 2
per cent as the minimum, some however obtaining 2-J.
Time contracts on good Stock Exchange collateral
are in demand, especially for long dates; and
while the supply rs abundant, lenders are able
to obtain full rates.
Quotations are 3 per cent
for 30 days, 31 to 4 for sixty days to four months,
[V ol . LTV,
4£ for five months and 5 for six to seven months.
There is a fair demand for commercial paper from city
institutions, including a few banks, and from out of
town. The supply while good is not so liberal as to
cause a material advance in rates, although quotations
are firm at 4 per cent for 60 to 90 day endorsed bills re
ceivable ; 4£ to 5 for four months commission house
names, and 5 to 5£ for good single names having from
four to six months to run.
There have been few features of interest in the for
eign markets this week. There was no further rioting
at Berlin, and affairs there have resumed their normal
course. The story current here that Secretary Foster
would have an interview with Mr. Goschen on his
arrival in Liverpool, turns out to have been an inven
tion. The cable reports discounts of 60 to 90 day bank
bills in London 1£ per cent. At Paris the open market
rate is 2 ; at Berlin 1 -, and at Frankfort I f per cent.
-J
The Bank of England gained £118,000 bullion during
the week. This, as we are advised by special cable to
us, was due to imports of £43,000 wholly from
Portugal and France, and to receipts of £75,000 from
the interior of Great Britain. No gold was taken out
of the Bank for export during the week. The Bank of
France for the week gained £284,000 gold.
Foreign exchange has been irregular this week, al
though generally firm.
The arbitrage houses have
bought rather more stocks than they have sold for Euro
pean account, but the offerings of bills against these
purchases have made but little impression. Easier dis
counts in London tended to stiffen the tone for long
sterling after the middle of the week. Compared with
Friday, February 26th, the market opened unchanged
on Monday, but the tone grew slightly easier and Brown
Bros, reduced the sight rate to 4 88|> while the Bank of
Montreal reduced both long and short half a
cent, and on the following day Baring, Magoun & Co. also reduced sight half a cent.
There was no further change until Thursday, when
Brown Bros, and the Bank of Montreal advanced the
60-day rate to 4 86-£> and the market closed yesterday
dull and steady with nominal rates 4 86-J for long and
4 88£ for short. Rates for actual business yesterday
were 4 85^ to 4 85f for 60 days, 4 87i to 4 87f for sight,
4 88 to 4 88J for cable transfers, 4 84|- to 4 84£ for
prime and 4 84£ to 4 84|- for documentary commer
cial bills. Shipments of gold have continued. On
Tuesday Heidelbach, Ickelheimer & Co. sent $530,000
and Baring, Magoun & Co. $500,000, and on Wednes
day A. Belmont & Co. sent $500,000. Yesterday the
following engagements for shipment to-day were re
ported: $500,000 by Baring, Magoun & C o„ $500,000
by August Belmont & Co., and $250,000 by L. Von
Hoffman & Co. A consignment of 2,750,000 francs
gold arrived on Monday in transit for Havana.
As stated further above, bank clearings show greatly
enlarged totals as compared with a year ago. We have
obtained the figures of the leading cities for the cur
rent week by telegraph and give the results in the
statement below. We get these telegraphic returns
each week, but the statement usually appears on
the page preceding this article.
The increase
over last year for the five days it will be seen at the
seven cities is 17£ per cent.
The heavy gain at
New York can of course be referred to the activity on
,our Stock Exchange, but it will be noticed that there
are larger or smaller gains at the other points too, with
the exception of New Orleans, and there the Mardi
Gras holiday operated to reduce the totals.
M
arch
THE CHRONICLE.
5 , 1 8 9 2 .]
Week Ending March 5.
Cl e a r in g s . **
Returns by Telegraph.
1892.
TWO MONTHS.
Percent.
1891.
(0 0 0 ,0 0 0 s
1892. 1891. 1890. 1889. 1888. 1887.
omitted.)
$
$
S
B
$
$
$
New Y o r k ... 6,786 5,262 6,096 5,765 4,735 5,436
B o s t o n .........
817
772
827
789
697
677
C h icag o.......
763
639
549
503
452
401
Philadelphia
647
550
599
576
499
487
St. L o u is___
196
180
178
157
147
135
San Fran’ co.
126
132
116
128
127
101
New Orleans
10 1
118
116
105
98
84
B altim ore...
139
120
128
106
97
110
C in cin n ati..
124
110
104
92
89
91
Pittsburg . . .
119
106
124
101
96
78
Kansas City.
77
69
73
73
58
57
N e w Y ork......................... ......
B osto n ......... ......... ......
Philadelphia............... .........
Baltimore........ ........... ......
C hicago...___________
St. L o u is................
N ew Orleans...............
$020,681,825
66,316,466
12,941,586
81,217,000
19,469,671
7,663,980
56,032,352
+18-4
Seven cities. 5 d a y s..........
Other cities. 5 days_________
$895,358,315
149,816,432
$761,921,287
135,011,483
+17-5
+11-0
Total all cities, 5 days.....
AU cities. 1 dav__________
$1,045,174,747
212,487,963
$396,932,770
169,067,727
+16-5
T o ta l......... 9,895 8,058 8,910 8,395 7,095 7,657 7,658 5 8 6 0
Other cities..
965
882
795
605
522
427
354
’2 71
__ Total aU cities for week..
$1.257,662,710
$1,066,000,497
+18-0
Total a ll... 10,860
Outside N .Y. 4,074
+19-8
We have also prepared this week our statement of
clearings for the month of February, and this admits of
more detailed analysis. As 1892 is a leap year, there
was an extra business day in the month, which of
course affects the comparison. But the increase over
last year is so very heavy that that factor does not
possess the importance it otherwise might. For the
whole country the increase reaches 1,234 million dol
lars or 31-1 per cent. No less than 932 millions of the
increase occurs at New York, and more than the whole
of that sum would appear to have arisen on the larger
stock transactions at the Stock Exchange. But even
outside of New York the gain is noteworthy, reaching
302 million dollars, or over 18 per cent. The following
furnishes a comparison both with and without New
York.
MONTHLY CLEARINGS.
Clearings, Total All.
Month.
1892.
January....
F ebruary..
1891.
Clearings Outside Mew York.
P.Ot.
1892.
1891.
P.Ot.
$
$
$
$
5,852,364,706 4,967,201,252 +13-8 2,103,748,800 2,010,201,880 44-7
5,207,386,252 3,973,059,963 +31-1 1,939,917,316 1,668,522,867 + 18 1
With reference to the importance of the Stock Ex
change sales we find that 11,434,111 shares of stock
were sold in February 1892, against but 3,275,894
shares in February 1891. The actual market value of
the sales the present year was 571 million dollars,
against only 175 millions last year, being a difference
of 396 million dollars.
SALES OF 8TOOK8 AT THE NEW YORK STOCK EXCHANGE.
1892.
Month.
1891.
Values.
Number
of Shares.
Par.
$
933,019,100
946.071.600
J a n .... 9,992,043
F eb___ 11,434.111
.
Actual.
Number
o f Shares,
$
533,383,777 5,018,789
571,380,647 3.275.894
Values.
Par.
ui » VA w g v
j
l
Actual.
%
640,138,550
318,304.625
$
268,489,862
175,683,847
rJ2 vjU vvilt
to complete each stock transaction, the 396 million dol
lars increase in stock sales would represent an increasi
in clearings to the extent of 990 million dollars. Th<
whole increase in clearings we have seen is 1,234 mil
lion dollars, and at New York 932 millions. It follows,
therefore, that at this centre the clearings arising iron
transactions other than stocks, must have been smallei
than a year ago, notwithstanding the extra businesi
day. This makes it the more important to see how
the clearings at other lending points compare, and
accordingly we give the following.
BANK CLEARINGS AT LEADING CITIES FOR FEBRUARY.
( 000 , 000*
omitted.)
N ew Y o r k ...
B oston..........
Chioago........
Philadelphia
St. L o u is ___
San Fran’ co.
New Orleans
B a ltim o re ...
C incinnati...
P ittsb u rg . . .
Kansas City.
1892.
o $
3,237
377
369
337
97
60
48
66
61
56
36
1890.
$
2,822
362
253
274
83
55
45
57
47
56
34
¡,695
358
234
264
73
59
48
48
42
47
35
1,214
Other cities..
4,744 3,574 4,088
463
399
362
272
244
5,207
1,970
1891.
$
2,305
347
293
247
82
62
49
56
51
49
33
3,973
1,068
4,450
1,628
8
$
331
218
229
74
63
42
45
41
45
27
1887. 1886.
$
$
2,483 2,745
313
311
189
167
228
208
64
57
44
42
38
37
49
47
45
35
36
30
29
17
196
164
188£
$
1,90
23i
14
8,940
3,678
9,705
3,609
9,000
3,235
7,617
2,882
8,084 8,012 6 131
2,648 2,391 2*046
It will be observed from the foregoing that New
Orleans and San Francisco— the one indicating the
condition of things in the South and the other the
conditions on the Pacific Coast—show a decrease, as in
previous months, but that the other leading points all
show increases. The gain at the Western centres—
Chicago, St. Louis, Cincinnati, &c.— to the largest
totals ever attained, particularly attracts attention.
In advance of the full report for 1891, the Norfolk
& Western has this week issued a preliminary state
ment of the results of operations for that year. The
statement has been awaited with more than ordinary
interest, since it was known that the company was;
operating an increased mileage, and had increased
charges and also increased dividends (or rather divi
dends on an increased amount of stock) to meet, and
this at a time when there was industrial depression to
contend against. In the circumstances the outcome of
the year must be regarded as quite satisfactory. The
report shows a surplus for the year of $131,289 over
and above the payments for interest and dividends. In
arriving at this result the company has included a con
tribution of $135,000 from the special dividend fund
provided at the time of the acquisition of the Shenan
doah Valley by the bondholders of that company, so as
to meet two years* dividends on the $1,500,000
preferred stock issued in payment of that property.
But even with that contribution excluded the dividends,
it will be seen^ have been just about earned. Out of
the surplus of $131,289 the company used $129,575 in the purchase of bonds under the sinking fund
clause of the Equipment mortgage, and the remainder
was carried forward. The balance sheet indicates that
the company is in easy condition financially. Counting
bills and accounts payable and accrued interest, etc.>
the current liabilities amount to not quite two million
dollars, whereas the company December 31 held
$2,014,713 of cash and $1,028,888 of accounts receiv
able. Against the $2,000,000 collateral loan, the com
pany holds $4,077,000 of 100-year mortgage bonds, and
it also has $650,000 of Equipment mortgage bonds.
The returns of net earnings for January which have
been received this week demonstrate that while some
roads have been favored in a special way and thus
are able to record striking improvement, the month on
the whole was not altogether satisfactory to the carry
ing interest. This is particularly true of the trunk
lines. We referred last week to the heavy loss both
in gross and net on the Eastern system of the Pennsyl
vania. Now we have the return of the Erie for the
same month exhibiting an increase of only $14,291
in gross receipts and a decrease of $123,015 in net
earnings. The Cleveland Cincinnati Chicago & St.
Louis reports $31,511 decrease in gross and $17,044
decrease in net.
The Atchison (including the San
Francisco) has increased its gross $133,034, but suffers
a decrease of $44,420 in net, Colorado Midland net
/
THE CHRONICLE.
386
{You LIV.
is down from $50,016 to $37,223, Rio Grande Western
THE MARCH T R E A SU R Y STATEMENTS.
from $68,883 to $54,181, Chicago Burlington & North
ern from $61,474 to $31,023, and Mexican National
The money market at present and for some time
from $87,630 to $86,849. On the Louisville & Nash
past has been in a plethoric condition, with rates
ville there is quite a large loss, net the present year
being $448,152 against $585,858 last year. The Nor extremely low, and hence the changes in the holdings
folk & Western has lost $20,248 in net.
On the other of cash by the United States Treasury and the other
hand, on the Burlington & Quincy, the Milwaukee & facts disclosed by the Government statements issued
•
St. Paul, the Canadian Pacific, the Denver & Rio the first of the month will not attract as much atten
Grande and a few others, there is noteworthy improve, tion as they sometimes do. But it is always important
ment. The Quincy gains $678,969 in gross and $324,- to watch the course of Government affairs, and espec
£40 in net, and the St. Paul $474,721 in the former ially so the present fiscal year, when there are so
and $160,606 in the latter.
The Canadian Pacific has many elements of uncertainty affecting Government
net of $532,151 against $329,725; the Denver & Rio revenues and disbursements; and whether the data
Grande $309,558 against $179,853; the Buffalo Roch have any immediate bearing on the financial situation
ester & Pittsburg $66,186 against $36,158; the St. Paul or not, they serve to furnish indications of the direc
A Duluth $40,231 against $21,031; the Ohio & Missis tion in which things are tending, and thus are useful
sippi $79,286 against $73,970; the Northern Central in their bearing on the future.
It appears that during February there was a further
$132,937 against $131,851; the New Y o r k Susquehanna
contraction in the money holdings of the Treasury,
& Western $50,164 against $49,701, and the Kansas
though not to so large an amount as in the month pre
City Port Scott & Memphis $97,430 against $92,726.
The stock market has been feverishly active, with ceding. The aggregate net holdings the first of March
wide and extreme fluctuations in special stocks. Early were $150,363,638 against $153,339,469 the first of
in the week Delaware & Hudson was the feature, it February, being a decrease of about 3 million dollars.
being variously reported that the New York Central, In January the decrease had been over 6£ million dol
the Erie, the Pennsylvania and the Reading wanted lars. There was also a decrease of about three-quar
the property. As a result the price jumped up rapidly ters of a million dollars in the deposits held in the
and many other stocks also followed in the wake. national bank depositaries, the amount of these depos
Afterwards, when nothing definite transpired as to a its now standing at only $18,239,292. Altogether,
change in ownership, there was a sharp reaction, in the money holdings of the Government in banks and
which the other coal shares participated. Then came sub-Treasuries March 1 were $168,602,930, against
an upward movement in New England accompanied by $172,283,856 February 1 and $179,740,847 January 1.
enormous dealings, on reports that a Vanderbilt repre These figures of course represent the net holdings—
sentative would be made President of the concern. On that is, the amounts not covered by outstanding coin
a denial of tfie story that stock too collapsed. Finally ^ or currency certificates. A year ago the holdings in
during the last two days the Richmond Terminal securi Government vaults during February increased about
ties have been very weak, because of the non-appear 8£ million dollars, and it is interesting to note
ance of the reorganization plan and rumors of a hitch that the total cash then held by the Treasury outside
in the formation of the bankers' syndicate to guarantee of the banks was $197,124,283 against $150,363,638
the plan. The Vanderbilt properties— Lake Shore, at the present time, showing that the amount has been
New York Central and Northwest— have been strong all drawn down during the twelve months nearly 47 mil
through the week, and yesterday in particular, when lion dollars.
It is rather noteworthy that though the Government's
Lake Shore rose 8 points to 136£. The movement in
this stock imparted strength to the whole market, caus total cash in the lat§ month decreased, the amount of
gold held increased, rising from $119,574,904 to $122,ing a general advance and great activity.
The following statement, made up from returns col 122,113. The fact is the more significant when we re
lected by us, shows the week's receipts and shipments member that there was the usual monthly addition of
Treasury notes to the circulation, against the purchase
o f currency and gold by the New York banks.
of the 4£ million ounces of silver, which notes tend to
N et Interior
Received by Shipped by
Week Ending March 4, 1892.
flow back into the Treasury when monetary ease pre
Movement
N. y . Banks• N. T. Banks.
$2,473,000 $2,426,000 Gain.
$47,00i vails and the accumulation of funds at the financial
384,000 centres is large.
675,000 Loss.
291,000
Moreover, there was also an outflow
«old. ...I................................
$2,764,000 $3,101,000 Loss. $337,000 of gold from the United States to Europe during the
T otal gold and legal ten d ers—
Result with Sub-Treasury operations and gold exports. month, the exports from New York having reached
$2,750,000. The following table gives the holdings of
N et Change in
Out o f
Into
Week Ending March 4,1892.
each kind of money by the Treasury the 1st of March,
Bank Holdings.
Banks.
Banks.
Banks* interior m ovem ent, as above $2,764,000 $3,101,000 Loss. $337,000 as compared with the 1st of February.
17,300,000
8ub-Treas. oper. and gold exports.
March 5, 1891.
March 4, 1892.
Gold.
£
England......... 24,979,469
66,671,560
France...........
Germany.. .. 86,689,260
6.486.000
A n st.-H u n ’y.
8.169.000
Netherlands..
Nat. B’lgium . 2,799,333
Silver.
£
50,507,241
12,229,750
16,742,000
6,705,000
1,399,667
Total.
Gold.
Silver.
£
£
£
£
23,133,874
24,979,469 23,133,874
106,078,801 48,561,000 49.609.000 98,170,oi 0
48.919.000 29,107,333 14,653,667 43.681.000
22.228.000 5.421.000 16.535.000 21.958.000
9.874.000 4.206.000 5,556,000 9.762.000
4.199.000 2,828,667 1,414,333 4.243.000
March 1.
7,902,450
5,514,681
def. 176,297
6,028,889
14,494,842
$122,122,113
3,944,279
9,517,659
def. 4,800,672
4,792,427
14,787,832
Total G ov’t cash In sub-treasuries....... $153,339,469
18,944,387
$150,363,638
18,239,292
T otal cash in banks and sub-treasuries. $172,283,856
$168,602,930
N a tion a l ban k n o te s ..........................................
Total.
Tot.this week 128,694,612 87,683,658 216,278,270 113,257,874 87,668,000 200,925.874
T ot. prev. w ’k 128,871,759 87,539,205 215,910,964 113,432,211 87,734,333 201,166,544
Holdings by Treasurer in Sub-Treas’ies. February 1.
Net gold ooin and bullion— ; ...................... $119,574,904
Net silver coin and buUion...........................
U S Treasury notes, act Ju ly 14 18 90....
Legal tender n o te s . ...................................
Bullion holdings of European banks.
Bank o f
,-----------------1892.— -------------
21,000,000 Loss. 3,700,000
T otal gold and leg a l te n d e rs . . . . $20,064,000 $24,101,000 Loss $4,037,000
Fractional silv er.............................................
Amount in national b a n k s ..........................
While the Government has lost in aggregate cash, the
revenue for the month is reported in excess of the
disbursements. But it^is never possible^to make direct
March 5, 1802.}
THE CHRONICLE,
comparisons between the changes in money holdings
and the revenue receipts and expenditures, for very
frequently the expenditures are entered against one
month but not made till the following month, so that
the February payments may have included some of the
expenditures for January.
Apart from this, however,
there were drafts on Government cash by the redemp
tion of some more of the matured 4^ per cents and also
by a retirement of national bank notes out of the
National Bank Redemption Fund, which by the act of
July 14 1890 was made a part of Treasury cash. The
amount of 4-g-s paid was 1233,600, and in addition
16,890 of other matured debt was paid, making together
$240,490. As against this there was an increase
o f $400 in the interest-bearing debt, caused by the
redemption of $800 of refunding certificates and the
issue of $1,200 of 4 per cents to represent the principal
and accrued interest on the same, in the way set out on
previous occasions. The payments on account of the
National Bank Redemption Fund were $1,462,373 net,
and there was a payment of $940 on account of one
ether item, giving a total for all the items mentioned of
$1,703,403. In the total of the various kinds of certif
icates and notes issued on deposits of coin, notes and
bullion there was an increase during the month of $15,$25,562, and hence the Treasury reports the “ aggre“ gate of debt" as having increased $14,122,158. Our
readers understand that that does not indicate the
actual debt change. As a matter of fact, the net
amount of the debt, allowing for cash in the Treasury
in excess of current liabilities, was reduced during the
month just about 2^ million dollars.
We have stated that revenue receipts for the month,
as reported, were in excess of the disbursements. Count
ing the National Bank Redemption Fund on both sides
•of the account, the receipts were $30,755,904 and the ex
penditures $27,482,059. For the eight months of the fis
cal year to February 29 receipts were 238 millions and
disbursements 239 millions, showing an excess on the
aide of the latter of a million dollars. The result, how
ever, would be more favorable if the National Bank Re
demption Fund were excluded (though of course under
the law payments out of that fund must be met from
cash the same as other disbursements), for while the
deposits to the credit of the fund during the eight
months were only $1,817,608 the payments out of the
fund were $11,947,997. In other words, independent
c f the operations of that fund, receipts are $236,274,123 and expenditures $227,181,656. In making com
parisons with last year the same item affects the results.
Thus, with the receipts on account of the National Bank
Redemption Fund included, the aggregate revenue for
the eight months of 1891-92 at $238,091,731 contrasts
with $286,147,728 for the eight months of 1890-91,show
i n g a loss of 48 million dollars; with that fund eliminated
from the calculation, the loss is reduced in the amount
c f $6,356,612, as the deposits to the credit of that fund
in 1891-92 were, as already stated, only $1,817,608
as against $8,174,220 in 1890-91. Still more strongly
is the comparison of expenditures affected by excep
tional items. For the eight months of 1891-2 the ex
penditures of all kinds were $239,129,653, as against
$266,503,180 for the corresponding period of the year
preceding, being a reduction of over 27 million dollars.
On analysis, however, it is found that the expenditures
last year included $10,401,220 for premium on bonds
purchased, against nothing the present year; that $33,034,995 was included for interest at that time, the
Government as is known having anticipated large
387
amounts of interest then, while the present year the
payments for interest were only $17,003,289, being 16
million dollars less ; and furthermore that the pay
ments on the National Bank Redemption Fund last
year were $15,216,380 against only $11,947,997 the
current year.
Eliminating these three items, the
regular expenses stand at $210,178,367 for 1891-92 and
$207,850,584 for 1890-91.
P E N N S Y L V A N IA RAILR OAD REPORT.
No one who takes up a Pennsylvania Railroad report
can fail to be struck with the vastness of everything
connected with this great company's affairs; and the
sensation is experienced year after year, with the recur
rence of each annual return, even by those pretty famil
iar with the dimensions of the company’s operations.
The thought also always suggests itself that efficiency
and thoroughness of management are expressed in the
marvelous results produced, for strong and powerful
though the Pennsylvania system is, it could not long
retain the position of pre-eminence which it has always
held if its management were not of the best. Large
organizations no less than small ones—in fact, more bo
—require skilful guidance and direction to ensure con
tinued success. Nothing attests the character of the
management better than the prompt way in which the
annual statement is furnished. The growing magni
tude of the system’s operations might serve as a legiti
mate reason for delay in getting out the annual report,
but so completely are the accounts systematized and so
thoroughly all the departments organized that a full
abstract of the year’s accounts is always ready about
two months after the close of the year, say on the 1st
of March. The public mind has become so accustomed
to such early statements from the Pennsylvania that
the fact has almost ceased to excite remark. Yet it is
a most noteworthy feature, and serves to illustrate the
character of the management.
Many other large systems have sprung into existence
in recent years and the tendency constantly is towards
the formation of further new combinations— as witness
the recent Reading arrangement—but in point of
income and traffic the Pennsylvania still outranks
every other system.
It appears from the report
now before us that in the calendar year 1891
the gross earnings of the lines owned, controlled and
operated, east and west of Pittsburg and Erie, reached
the enormous aggregate of 134^ million dollars ($134,254,612). And this, as we understand it, does not in
clude receipts from sales of coal but merely earnings
from traffic. The Statistician of the Inter-State Com
merce Commission reported the earnings of the entire
railroad system of the country for the twelve months
ending June 301890, as 1,052 million dollars, so that the
Pennsylvania’ s earnings may be said to be about oneeighth of the whole. Even the net earnings reach the
large sum of 42^- million dollars ($42,434,952), which
is in excess of the gross earnings of many large systems
having an equal or larger mileage.
Not the least noteworthy fact in connection with
the system’s affairs is that its business is so large and
diversified, covering so many different branches of
trade and industry— agriculture, mining, manufact
ures— that there is steady growth and development
even in dull times, a loss in one direction being offset
by a gain in another. The gross earnings for 1891, at
134^ million dollars, are the best in the company’s his
tory, being about three-quarters of a million dollars in
excess even of the previously unexceled total .for 1890.
THE CHRONICLE.
388
Of course, as we are dealing with very large aggregates,
the increase of three-quarters of a million does not
represent a very heavy percentage of gain— hardly
more than one-half of one per cent. But the circum
stance of importance is, that there should have been
any increase at all in such a year as 1891, when so
many of the leading conditions were unfavorable. The
crops of 1890 had been short, thus reducing the vol
ume of the grain tonnage during at least the
early part of 1891.
The 1891 crops, it is
true, proved excellent, but the benefits from
the same did not all fall in 1891, and the effeots
of the previous short crops were in many respects felt
to the close of the year. The lines west of Pittsburg,
too, reflect the presence of that influence, since on that
part of the system gross earnings fell off about a mil
lion dollars, the loss being more than wiped out by a
gain on the lines east of Pittsburg. The poor crops of
1890, however, were not the only adverse influence dur
ing 1891. The iron industry, which furnishes so much
traffic to the Pennsylvania, for most of the year was
in a state of great prostration, and during the first six
months the iron output was also greatly reduced by the
strike in the Oonnellsville coke region. General busi
ness and manufactures were likewise more or less de
pressed all through the year. And yet, as we have seen,
in the aggregate the very large earnings of 1890, which
showed a total 10£ million dollars in excess of
1889 and 17 million dollars in excess of 1888, were not
only fully maintained in 1891 but slightly added to.
As corroborating further what has been said in relation
to the steady growth of the company's income, we may
say that there has been an increase in the aggregate
gross receipts in each and every year since 1885, at
which time the total was not quite 93 million dollars,
as against 134i million dollars now. Net earnings
though not having increased uninterruptedly, have also
tended steadily upward, and the total, at 42£ millions
for 1891, compares with only 31£ millions for 1885.
Here is a summary of the yearly gross and net back to
1886.
ALL LINES OWNED OR CONTROLLED EAST AND WEST OF PITTSBURG.
Entire Sys
tem of Roads
1891.
1890.
1889.
1888.
1887.
1886.
$
$
$
$
I
*
$
Gross Ear’s 134,254 612 183,521,623 122,917,337 116,509,292 1] 5,515,500 101,697,981
91,819,660 92,003,365| 83,811,128 80,737,335 77,238,082 67,102,715
E xp en ses..
S e t ...... 42,434,952 4l.518.2-581 89,106.209 35,771,957 88,277,424 84,595.266
Equally striking evidence of growth and progress is
furnished in the traffic figures. On the lines west of
Pittsburg, as already intimated, there was a marked
falling off on account of the previous season's crop fail
ure, both in the tons moved and the tons one mile ; but
on the eastern lines the falling off in the tons moved
was very slight, while the tonnage mileage actually
further increased. In the passenger traffic there was
an increase both on the eastern and on the western
lines in the number of passengers carried and also in
the passenger miles. The combined system transported
nearly 87 million passengers in the late year over a total
distance of about 1,643 million miles. The number of
tons of freight moved was about 130 millions, and the
distance moved 12,285 millions. The latter gives an
idea of the enormous extent of the work done, being
equal to an average of 33 million ton-miles for every
day in the year. As against the 12,285 million tonmiles for 1891, the amount for 1886 was but 8,690
millions. In tbe same interval the passenger mileage
increased from 1,229 millions to 1,643 millions, showing
that the rate of growth in the passenger movement has
[V ol. L IY .
been somewhat smaller than that in the freight move
ment. Comparing, however, numbers of passengers
and freight, the result is somewhat different, for while
the tons of freight between 1885 and 1891 increased
from 96,769,381 to 129,992,599, # only 34 per cent,
or
the number of passengers increased from 60,466,238 to
86,934,517 or 43 per cent. This establishes one fact,
namely that the growth in freight has been mainly in
long distance tonnage while the growth in passengers
has been in short-distance or local traffic.
FREIGHT.
Entire Sys_
of Roads.
1891.
1890.
1889.
1888.
1887.
E .o f Pitts.
&Erie—
93,884,362
82,240,457
T ’nsm ov.
92,433,515
76,009,703
72,356,095
Tons 1 m. 8,553,382,906 8,521,694,739 7,621,926,314 7,114,512,509 6,415,612,576
W .of Pitts.
44,532,623
34,834,171
89.923,661
33,772,120
37,556,084
T ’nsm ov.
Tons 1 m. 3,782,331,801 4,131,799,228 3,652,238,746 S,388,670,389 3,506,424,458
110,813,874 106,128,215
122,164,118
137,416,985
129,992,529
Total tons.
Tons l m ... 12,285,714,707 12,653,493,967 11,274,165,060 10,503,182,898 9,922,087,034
PASSENGERS.
Entire System
of Roads.
1891.
1890.
1889.
1888.
1887.
East o f Pitts. &
Erie—
58,924,787
54,733,927
66,199,752
61,85v,729
68,681,033
No. carried,..
No. one mile. 1,201,891,842 1,171,328,701 1,110,971,446 1,049,909,660 1,014,127,707
West o f P it ts .16,209,228
15,075,299
13,419,77»
18,250,434
17,912,703
No. carried...
No. one mile. 441,021,385 428,205,644 405,726,898 413,630,338 868,645,197
68,153,705
78,128,957
74,000,086
86,934,517
84,112,460
Tot. carried....
Tot. one m ile .. 1,642,913,227 1,599.534,345 1,516,893,344 1,483,539,998 1,382.772,904
In making up its balance sheet (as also its income
account) the Pennsylvania of course does not include
the whole aggregate of mileage owned, controlled and
operated; that is, there is no general balance sheet
in which the balance sheets of all the separate compa
nies are combined. But the individual balance sheet
deals with figures sufficiently large. We may mention
one item in particular, which always has interest,
namtdy the amount of cash h eld ; this was certainly
large in the year preceding, but during the twelve
months of 1891 further increased 1J millions, and now
aggregates over 11^ million dollars ($11,319,179).
Aside from this and aside also from a stock of materials
on hand to amount of $4,314,050, the company reports
“ current assets” of $23,554,282, with about the same
amount ($23,181,160) of “ current liabilities" on the
other side of the account.
The yearly capital requirements of the Pennsylvania
reach very heavy proportions. On the lines east o f
Pittsburg and Erie the expenditures on new capital
account during 1891 amounted to $7,370,318, and this;,
includes merely the lines directly operated. On the
western lines the expenditures were $3,440,628, making
nearly 11 million dollars together, without counting
the lines east of Pittsburg not directly operated.
President Roberts states that in the current year the
outlays east of Pittsburg and Erie it is believed, will
not be so large as in the past year, but that on the
western lines the expectation is the requirements will
be materially heavier, probably aggregating between
six and seven million dollars, the traffic of those lines
having reached a point where considerable additional
double track and equipment is needed, especially in
view of the extra demands likely to be entailed by the
Chicago Exposition in 1893. It appears that on all
lines controlled or operated east and west of Pittsburg
the Pennsylvania used not far from 100,000 tons of
steel rails (in exact figures 92,694 tons) in construction
and repairs during 1891.
As regards the outcome of» the year as far as relates
to the income for the. stock, the shareholders h it «
March 5 , 18Ô2.1
THE CHRONICLE.
every reason to feel satisfied with the results. They
have received 6 per cent dividends, which is one-half
per cent more than in the year preceding, and the
accounts show that the company was able to pay the
increased rate out of earnings and yet carry forward
(in pursuance of the conservative policy for which the
management is distinguished and which has contributed
fio much to raise the property to its present basis of
strength and prosperity) a surplus of considerable
dimensions to the credit of profit and loss. The divi
dends required nearly
million dollars ($7,495,597)
and the surplus above this figure for the twelve months
is $2,268,022. Mr. Eoberts takes occasion to point out
that both in rate and amount the dividends paid by the
Pennsylvania exceed “ those paid by any of the large
i( railway systems traversing the same territory occupied
“ by your lines.”
TR U N K L IN E EARN IN G S AND
GRAIN RECEIPTS.
SEABOARD
In connection with the returns of gross and net earn
ings of the trunk lines for the month of January, re
ceived this week, the statement of the grain receipts at
the seaboard, as prepared by the Produce Exchange,
also received this week, possesses considerable interest.
As stated on another page, in our article on “ The Finan
cial Situation,” these returns of earnings for the trunk
lines are hardly as satisfactory as could be wished. The
Erie and New York Central show but trifling gains in
their gross receipts for the month, while the Pennsyl
vania on its eastern system actually lost nearly $300,000. The Baltimore & Ohio is the only one of the
roads which presents a good statement, having reported
a gain in gross receipts for the month on its lines east
.of the Ohio of $147,475.
W e refer to the nature of these exhibits simply to
ishow that the grain movement has not been responsi
ble for the unsatisfactory results; that, on the con
trary, this grain movement, as was expected, was of
exceptional dimensions, and tended to produce an
improved showing. Counting flour at its equivalent
in wheat, the grain receipts at New York in January,
.1892, were nearly 9 million bushels larger than in Jan
uary, 1891, the total being over twice that of last
year—that is to say, the receipts were 15,347,166
bushels against only 6,596,307 bushels, from which
one cam judge what a favoring influence the matter
was. By referring to the deliveries by the separate
roads, we can see the amount of gain by each road.
*The Erie brought in 2,854,408 bushels against only
1,045,358 bushels, the New York Central 3,952,482
bushels against 1,676,413, the West Shore 4,279,948
against 1,743,491, the Lackawanna 847,164 against
326,670, the Lehigh Valley 1,741,359 against 837,047,
and the Baltimore & Ohio 233,474 against 90,421
bushels. In other words, there was an increase of
1,809,000 bushels on the Erie, an increase of no less
lhan 4,812,000 bushels on the New York Central and
West Shore, an increase of 592,000 bushels on the
Pennsylvania, and an increase of 907,000 bushels on
the Lehigh Valley.
Of course some of the line3, as for intfcance the
Pennsylvania and the Baltimore & Ohio, are chiefly
concerned in the movement to Philadelphia and Balti
more, and hence it is important to note that the
receipts at those points show just as striking expansion
as those at New York, though we have not the figures
io r the separate roads. | At Baltimore the deliveries
389
during the month in 1892 were 6,780,745 bushels,
against only 1,897,905 bushels in 1891, and at Phila
delphia they were 5,825,433 bushels, against but 982,439 bushels. The following furnishes a summary of
the January movement for a series of years. The
statement, it will be seen, also includes the receipts at
Boston.
RECEIPTS AT SEABOARD CITIES.
1892.
January.
Bush.
New Y o r k ............... 15,847,166
Boston...................... 3,338,175
Philadelphia............. 6,825,433
6,780,715
Baltim ore........... .
1891.
Bush.
6,596,307
2,336,119
982,439
1,897,905
T otal................... 31,291,519,
11,872,770
1890.
Bush.
11,513,689
3,586,165
3,130,814
6,866,236
25,126,904
1889.
1888.
Bush.
Bush.
9,505,431 6,023,316
2,475,5*9
1,576,500
1,769,031
981,552
3,485,858 . 1,204,709
17,235,872
9,789,077
At the four points combined the receipts were nearly
19^ million bushels larger than in the month of Janu
ary last year. If there were any reason to think that
the improvement was to be confined to this single
month it would be deprived of much of its significance,
but in view of the large crops raised last season we are
justified in supposing that the improvement will con
tinue for some time to come. And that is an import
ant circumstance, for it shows that whatever the
course of other traffic the grain traffic over the trunk
lines is sure to be large. As bearing on that point it
should be noted that the gain has come not alone
on wheat, but also on corn, oats and the other
cereals.
For instance, of corn the receipts at the four ports in
January 1892 were 13,891,467 bushels, against only
2,802,097 bushels in January 1891, so that 11 millions of
the 19^ million bushels increase in the total of the grain
receipts of all kinds was contributed by that cereal. Of
course when we come to the second half of the year we
shall be comparing with a very heavy wheat movement
for 1891. But the corn movement was small nearly
throughout the whole of 1891, and hence there is room
for continued gains on that cereal at least. The follow
ing table, giving the grain receipts at New York for the
full calendar year 1891, will show at once how prominent
a part wheat played in the totals of that year and the
falling off from 1890 which occurred in both corn and
oats.
KINDS OP GRAIN RECEIVED AT NEW YORK.
Calendar Year.
Flour..................
Cora m eal..........
Corn m eal..........
1891.
0,122,43»
192,459
565,722
1890.
5,635,38.
183,953
474,301
1889.
5,042,481
174,901
422,908
1883.
6,089,404
102,499
429,387
1887.
0,855,924
135,707
423,469
W heat................ .bush 61,006,851 15,794,857 15,973,258 20,104,43i 45,222,425
24,342,094 34,201,466 35,547,401 24,100,53- 20,231,422
C o r n ................
27,737,750 33,744,(00 23,201,150 23.950,832 22,200,020
O ats...................
4,937,540 4,295,640 4,253,290 3,791,483 4,200,136
.b u sh '
B arley..............
238,539
435,991
5,591,105 1,228,393 1,462,070
Rye ...................
821,168
304,300
619,014
425,010
930,590
P eas....................
3,880,106 5,026,538 4,091,288 4,600,888 4,831,980
M alt... .............
T otal grain. .bush. 128,420,096 94,969,908 85,013,533 77,141,012 97,509,142
Flour reduoed to bush. 27,550,975 25,339,228 25,391,163 27,402,588 28,601,858
1,901,280 1.084,534 1.545,000 1,508,770 1,390,004
Meal reduced to hush.
Grand total. .bush. 157,878,351 122,013,070 112,550,350 106,052,370 127.590.80 4
A loss of 10 million bushels in corn and a further
loss of 6 million bushels in oats, such as we here find to
have occurred in 1891, would have reduced the year's
aggregate to small proportions had it not been that the
wheat receipts jumped from less than 16 million bushels
to over 61*million bushels. Owing doubtless to these
variations in the movements of the different cereals, the
several roads carrying grain to New York fared some
what unequally, the New York Central with the West
Shore, and the Erie and the Lehigh Valley having had
heavy gains, while the Pennsylvania had only a nomi
nal gain, and the Lackawanna fell a million bushels
behind its total of 1890. This will appear from the
following.
THE CHRONICLE
890
Bush.
P .C .
Bush.
P.C .
35,734,687 22-63
31,720,511 20-09
7,508,164 4-76
4,938,939 3-13
24,204.333 15-33
18,260,754 11-57
1,469,112 0-93
1,018,203 0-64
18,022,105 14-77
25,380,417 20-80
7,372,997 6-04
5,918,659 4-85
17,772,041 14-57
13,375,105 10-96
1,043.659 0-88
1,333*736 1-09
T ot. R R . 124,844,643 *9-08
R lv. & c’w. 1,322,767 0-83
Canal........ 31,710,941 20-09
90,218,719 73-94
1,609,551 1-32
30,185,400 24-74
N .Y . Cent.
B rie...........
P en n a ......
D. L .& W .
W e stS h ...
L ehigh V .
Balt. & O ..
Var. RRs..
Bush.
P .C .
Bush.
1890-91.
1889-90.
249,111
93,096
60
9,617
35,991
944
7,797
911
14,027
279,714
52,239
New Orleans, Inland and local m ills ...
M obile, inland and local m ills............ .
Savannah, inland and local m ills...........
Charleston, inland and looal m ills.......
N. Carol’ a ports, inland and local mills.
V irginia ports, inland and local m ills..
289,088
49,806
319
16,867
35,435
1,138
5,643
602
9,027
T ota l to be dedu cted ..........................
407,925
411,557
423,899
L eaving total net overland*.............
953,212
852,059
795,511
Deduct—
Overland to New Y ork, Boston, & c ....
B etw een interior tow ns . . . . . . . . . . —
1888.
1889.
1890.
1891.
LIV.
1891-92.
RECEIPTS OP GRAIN AT NEW YORK BY ROUTES.
Calendar
Year.
|Vo l
P .C .
16-16 18,996,845 17-91
16-33 16,409,906 15"47
8,784,272 8-28
7-64
4,450,768 4-20
5-60
14-14 13,483,510 12-70
6-32 1
0-82 \ 6,451,175 6-08
0-62 J
76,118,054'67-63 68,556,476 64-64
3,471,619 3-28
2,436,407 2-16
33,995,895|30-21 34,021,275 32-08
18,191,801
18,385,025
8,582,714
6,301,386
15,922,217
7,113,434
922,629
698,848
100-0
Total all. 157,878,351 100-0 122,013,670 100-0 1112,550,35e!lO0-O 106,052,370
24,613
33,904
275
12 ,2 12
822
20,120
‘ This total Includes shipments to Canada b y raU, whteh since
September 1 in 1891-92 am ounted to 46,907 bales, in 1890-91 w ere
42,892 bales and in 1689-90 were 39,146 bales.
RECEIPTS, EXPORTS A N D SPINNERS* TAK IN G S.
At Philadelphia and Baltimore the 1891 gain in
wheat was not sufficient to offset the loss in corn in the
The net receipts at the ports during February have
same year, and hence aggregate receipts at those points been of much greater volume than in the same month
fell off. Annexed is a statement bringing out that of any preceding year, having reached 658,855 bales,
which compares with 535,273 bales last year, 410,044
fact.
RECEIPTS OP GRAIN AT SEABOARD CITIES.
bales in 1890 and 595,598 bales in 1883— the heaviest
1888.
1889.
1890.
1891.
total heretofore. For the seven months the aggregate
Calendar
Year.
P .C Bush.
P.C .
Bush.
P.C .
Bush.
Bush. P .C .
is 292,121 more than a year ago and 752,850 bales in
New York 157,878,851 59-86 122,013.670 52-04 112,650,356 55-26' 106,052,370 57-99 excess of 1889-90.
New Orleans has passed the two
Boston ... 32,943,222 12-49 30,815,742 13-14 30,189,053 14-82 29,401,549 16-08
P h ila d el.. 30,101,650 11-41 35,214,826 15-02 18,588,142 9-13 17,158,523 9-38 million mark, and the receipts at that port exceed the
Baltim’re. 42,811,978 16-24 46,435,134 19*80 42,349,047 20-79 30,275,840 16-55
total received from the last crop. The outward move
T otal........ 263,735,201 100-0 234,479,372 100-0 203,676,598 100-C 182,888,282 100-0
ment of cotton has been very free, the shipments to
These figures are chiefly valuable as showing that foreign ports during the month having aggregated
the two points to the South— Philadelphia and Balti 636,785 bales, whereas in 1891 the exports were 598,425
more— having lost in 1891 by reason of the short corn bales and in 1890 reached 431,353 bales. For the sea
crop, in the face of a heavy wheat movement, now for son to March 1 the total exceeds that of 1890-91 by
1892 si and an increased chance of making gains on the 38,078 bales.
heavy corn production of the late season. It should
also he remembered that for export some of the largest Movement from Receipts Receipts EXPORTS SINCE SEPT. 1 1891, TO—
since
since
Stocks
corn-producing sections find their shortest outlet to the Sevt. 1,1881, to Sept. 1 Sept. 1 Great Prance. Conti Total. Mch. 1,
March 1,1892.
1891.
1890. Britain*
nent.
1892.
seaboard by way of Philadelphia and Baltimore, and
65,556
72,757 734,124
Galveston.......... 1,039,234 891,750 595,809
68,046
the export movement of corn at present we all know El Paso, &c.... 30,618 22,422
28,900
28,900
1,726,425 724,637 383,384 447,145 1,555,166 444,413
New Orleans. .. 2,129,985
is free and large.
Mobile................
COTTON CONSUMPTION AN D OVERLAND
MOVEMENT TO MARCH 1.
The subjoined tables of overland movement, receipts,
exports, spinners* takings, &c., cover the period from
September 1 to February 29 inclusive, and therefore
give the results for the first-half of the cotton crop
year. As our weekly statements have clearly indicated,
the marketing of the staple during the month has been on
a liberal scale, the amount brought into sight through
the outports, overland and interior towns reaching 759,012 bales, and exceeding any former total for February.
OVERLAND MOVEMENT TO MARCH 1.
Shipments of cotton overland during February have
been in excess of the corresponding month in either
1891 or 1890, the gross movement reaching 165,393
bales, against 147,724 bales and 159,037 bales respect
ively. The season's total exhibits increase over a year
ago of 97,521 bales, and contrasted with 1889-90 the
gain reaches 141,727 bales. The month's net makes an
even more favorable comparison with previous years
than does the gross, the excess over last year being
18,179 bales, the figures having been #1,857 bales and
63,678 bales. In 1890 the net was 77,486 bales.
OVERLAND PROM SEPTEMBER 1 TO MARCH 1.
1391-92.
A m ount shipped—
Via St. L ouis...............................................
V ia C airo.....................................................
V ia H annibal............................... ...............
Via E van sville...................................... .
V ia L ouisville ................................. .........
Via Cincinnati ..........................................
Via other routes................................. .......
Shipped to m ills, not included a b o v e ...
490,967
295,059
150,462
30,116
153,128
106,973
126,118
8,314
1899-91.
475,103
241,536
82,342
21,417
167,679
151,918
115,478
8,143
1889-90.
430,422
284,147
56,598
18,503
104,956
181,853
135,547
7,384
Total gross o v e rla n d .............. .......... 1,361,137 1,263,616 1,219,410
Savannah..........
Brunswick, &c.
Charleston.........
Port Royal,&c.
Wilmington......
Washlngt’n,&c
N orfolk..............
West P o in t....
Newp’tNews,&o.
New Y o r k ..........
Baltimore...........
Philadelphia,&e.
239,114 262,935
34,511
23,837
887,077 962,475
151,719 165,723
428,133 414,601
687
1,433
148,308 174,608
3,730
2,262
439,448 545,871
275,713 295,713
82,636
39,350
67,986
88,099
77,204
95,578
65,546
46,468
37,340
59,978
Total 1891-82.. 6,125,319
37,866
175,926
87,344
154,991
37,666
81,671
128,587
78,988
15,789
297,663
183,352
66,901
14,262
2,623,786
7,900
5,272
21,144
5,245
155,112
454,284
92,193
815,653
70,738
7,000
51,565
46,487
30,197
4,849
5,55u
35,270
108,158
10,954
27,143
12,383
163,630
91,371
21,061
452,161
189,684
143,5214,870
44,074
10,499
4,488
402,484
15,000
30,198
14,000
248,161
133,854
6,332
71,382
608
529,099 1,249,764 4,402,649 1,208,729
Total 1890-91..
5,833,198 2,474,827
474,588 1,415,156 4,364,571
758,761
T >tal 1889-90..
5,372,46« 2,316,263
437,785 1,271,125 4,025,173
602,154
* Great Britain exports include to the Channel.
Using the facts disclosed by the foregoing statements
we shall find that the portion of the crop which has
reached a market through the outports and overland,
and the Southern consumption since September 1,
this year and the two previous years, is as follows :
1891-92.
1890-91.
1889 90.
Receipts at the ports to M arch 1 . . . bales. 6,125,319 5,833,198 5,372,469
Net shipments overland during same time 953,212 852,059 795,511
Total receip ts............................... bales. 7,078,531 6,685,257 6,167,980
Southern consumption since September 1 380,000 353,000 331,000
Total to March 1 ......... ................bales. 7,458,531 7,038,257 6,498,930
The amount of cotton marketed since September 1 in
1891-92 is thus seen to be 420,274 bales more than in
1890-91 and 959,551 bales greater than in 1889-90. To
determine the portion which has gone into the hands of
Northern spinners during the same period we have
prepared'the following:
Total receipts to March 1 ,1 8 9 2 , as a b o v e .......................bales. 7,458,531
Stock on hand com m encem ent of year (Sept. 1 ,1 8 9 1 )—
A t Northern ports.................................. 142,160
A t Southern p orts..................................
8 6 ,5 2 4 — 228,684
A t Northern interior m arkets...............................
2 ,7 6 8 — 23 1,45 2
Total supply to M arch 1 ,1 8 9 2 .................................................. 7,6 8 9 ,9 8 3
THE OHKONICLE.
March 5, 1892. J
Oi this supply there has been exported
to foreign ports since Sept. 1, 1891.-4,402,649
Less foreign cotton included ............ .
12,157—4,390,492
Sent to Canada direct from West.......................
46,907
Burnt North and South..........................................
3,042
Stock on hand end of month (March 1,1892)—
A t Northern p o r t s .................
- 461,682
A t Southern p o rts .............................. 747,017—1,208,729
11,726—
5,660,896
A t Northern interior m a r k e t s ........____ . . . . .
Total takings by spinners since Sept. 1 ,1 8 9 1 ............. ..........
Taken by Southern spinners............................................ ...........
2,029,087
330,000
Taken by Northern spinners since Sept. 1 ,1 39 1 ............bales 1,649,087
Taken by Northern spinners same time in 1890 91................ 1,583,699
Increase in takings b y Northem spinners this year.... bales.
65,388
The above indicates that Northern spinners had up
to March 1 taken 1,649,087 bales, an increase over
the corresponding period of 1890-91 of 65,388 bales
and a gain over the same period of 1889-90 of 97,334
bales.
AMOUNT OF CROP NOW IN SIGHT.
In the foregoing we have the number of bales which
has already been marketed this year and the two
previous seasons. An additional fact of interest is
the total of the crop which was in sight on March 1,
compared with previous years.
391
warehouses and from mills direct of brown and bleached
cottons and of printed calicoes reaching a large total.
The stocks of most descriptions have thus been kept
within bounds, and prices have ruled steady notwith
standing the continued low level of prices for raw
material. There has been an occasional instance of an
agent making slight concessions to close out a lot of
brown goods, but on the other hand occasional slight
advances are reported in bleached and colored cottons.
Printed and woven cotton dress fabrics have been in
fair duplicating request at unchanged prices. In the
jobbing trade business has developed considerably,
most houses reporting results which compare favorably
with the corresponding month last year, particularly in
wash fabrics. Trade reports from the West and North
west continue encouraging, and accounts are met with
promptness.
Southwest States are also doing fairly
well, but other Southern sections make an indifferent
showing, both in business and collections. Print clothweakened at the close of the month, 64 squares declin
ing l-16c. per yard, to 3 l-16c. on the spot and for
futures up to end of May.
1891.
1892.
1891-92.
Total in sight.................
1890-91.
1889-90
1
*
7,45 8, *31
456,000
7,038.257
393,000
6,498.980
223,535
7,914,531
Total m arketed, as a b o v e .. ..bales.
Interior stooks in excess o f Sept. 1.
7,431.257
6,722,515
Oott’n Print- Sheet- L an low
ing ings, caster
M mid- cloths, stand- gingdling. 64x64 ard. hams.
ft
This indicates that the movement up to March 1
of the present year is 483,274 bales more than in 1890-91
and 1,192,016 bales greater than in 1889-90.
As it will interest the reader to see what has come
into sight each month of the season during this and
previous years, we have prepared the following, which
shows the movement for the last four seasons.
1890-91.
Months.
1891-92.
Septem ber............
O c t o b e r .............
N ovem ber............
D ecem ber.............
Ja n u a ry................
F ebruary..............
826,932
2,026,205
1,927,880
1,622,475
752,027
759,012
860,274
1,723,759
1,615,981
1,645,229
965,463
. 620,551
655,770
1,623,648
1,633,028
1,568.921
770,523
470,625
430,209
1,502,289
1,512,609
1,540,816
766,566
519,603
Total 6 months.
B alance season..
7,914,531
7,431,257
1,224,261
6,722,515
591,211
6,272,092
662,990
8,655.518
7,313,726
6,935,082
Total cro p ........
W E IG H T
1889-90.
1888 89.
OF B A L E S .
To furnish a more exact measure of the receipts up to
March 1 we give below our usual table of weight of bales.
We give for comparison the figures for the same time
in the two previous years.
Six months ending March 1 ,1 8 9 2 .
Number o f
Bales.
T e x a s ................ 1,069,852
Louisiana.......... 2,129,985
239,114
A la b a m a ..........
Georgia*............ 1,062,633
South Carolina.
429,566
V irginia............
754,511
North Carolina.
150,570
Tennessee, A c .. 1,622,300
Weight in
Pounds.
558,377,156
1,055,620,566
119,078,772
514,367,504
209,563,773
371,634,393
74,465,899
817,687,869
Same
Same
p er i’d in peri’d in
1890-91. 1889 90.
Average Average Average
Weight. Weight. Weight.
521-92
495-60
498-00
484-05
487-85
492-55
491-56
50103
530-98
500 35
508-00
494-71
49210
490-33
494-86
507-80
524-40
494-91
497-00
486-54
480 00
485-42
48806
501-50
1..
2..
3..
4..
5..
6..
7..
8
9„
10..
11..
12..
13..
14..
1
16..
17..
18..
19..
20..
21..
og,
,
24..
25..
26..
27..
28..
29..
7
7
7
7
6 7s
6 78
3-13
313
3 i3
313
313
3 13
613, c
6%
6%
6%
6%
6%
3-13
313
313
313
313
3-13
6%
6%
6%
6**16
6**i 6
6**16
3*13
3*13
3*13
3*13
313
313
RII,»
6Hi6
6%
6%
6%
3*13
3*13
3*13
3*06
3*06
6%
3*06
6%
6%
6%
6%
6%
6%
...8 ...
6%
6%
6%
6%
6%
6%
...S ...
6%
6%
6%
6%
6%
6%
...S ...
..H ...
6%
6%
6%
6%
6%
.. S ...
6%
PrintS’ th'n Oott’ n 1
low
ing
3^yd.
sheet- mid- cloths,
ings. dling. 64x64
7*4
7*4
7*4
7*4
7*4
7*4
5%
5%
5%
5%
5%
5%
7*4
7*4
7*4
7*4
7*4
7*4
5%
5%
5%
5%
5%
5%
7*4
7*4
7*4
7*4
7*4
7*4
5%
5%
5%
5%
5%
5%
7*4
7*4
7*4
7*4
7*4
5%
5%
5%
5%
5%
7*4
5%
.......... 1
_____
8**16 3 0 0
8**16 3-00
8**16 3-00
8**16 3 0 0
8**16 3 00
8*1,6 3-00
8**16
8**1«
8**1«
8**16
8%
8®16
3-06
3-06
306
306
3*06
3-06
8®16
8*2
8*16
8716
8716
8*16
306
3-06
306
3 06
306
3-06
87ie
8*16
8*16
8*16
8716
..H oli
3 06
306
3 00
3-00
300
Sheetings.
standard.
...8 ...
7*4
7*4
7*4
7*4
7*4
7*4
...8 ...
7*4
7*4
7*4
7*4
7*4
7*4
...S ...
7*4
7*4
7*4
7*4
7*4
7*4
...S ...
7*4
7*4
7*4
7*4
7*4
Lancaster
Ginghams
7
7
7
7
7
7
6% >
6*4
6*4
6*4
6*4
6*4
7
7
7
7
7
7
6*4
6*4
6*4
6*4
6*4
6*4
7
7
7
7
7
7
6*4
6*4
6*4
6*4
6*4
6*4
7
7
7
7
7
6*4
6*4
6*4
6*4
6*4
The above prices a re—F or cotton, low m iddling uplands at New Y ork t
for printing cloths, manufacturers’ net prices: for sheetings, agents »
prices, w hich are subject to an average discount o f 5 per cent, ex cep t
when otherwise stated; Southern sheetings net.
R E V IE W
OF PR ICES I N F E B R U A R Y STOCKS, COVERNMENT BONDS AND
FO RE IG N EXCHANGE.
The following table shows the highest and lowest
prices of railway and miscellaneous stocks at the N. Y .
Stock Exchange during the month of February, 1892.
RAILROAD AND MISCELLANEOUS STOCKS.
R a il r o a d s .
Low.
875s
Ohio. & Rook Islan d..
Ohio. St. P. Minn. & O.
4658
Do
p r e f.. 114
Cl. Cin. Chic. & St. L.
69%
T ota l........... 7,458.531 3,720,795,932 498 86 503 27
496-85
Cl. Cin. Chi.& St.L.pf.
96*3
Cleveland & Pitts . . . 150
* Including Florida.
Col. Hock. Val. & T ol.
3078
69
D o pf.-subs. p d.
It will be noticed that the movement up to March 1
Delaware < Hudson. 124*3
&
shows a decrease in the average weight as compared
Del. Lack. & Western 144
16 78
Canada S
5 9 7s 62*2 Den. & Rio G rande...
with the same period of last year, the average this Central o fou th ern ........ 114% 145
Do
pref.......
47*s
N. Jersey ..
7*4
Central P a c ific ...___
32
32*2 Des Moines & Ft. D ..
year being 498-86 lbs. per bale, against 503*27 lbs. per Char. Col. & A ug . . . 30
34*2 *Dul. S. S. & A tl . . . .
p re f..
14
Ches.&0.,Vot.Tr.cert.
24*4 26*e * D o
bale for the same time in 1890-91 and 496-85 lbs. in
7
Do
do 1st pref.
60
63*4 E.Tenn.Va. & Ga. R y.
50
Do
1st pref.
Do
do 2d pref.
42
43%
1889-90.
Do
2d p ref.
Chicago & A lton ....... 144
145
15*3
Chic. Burl. & Q uincy. x l0 3 % 1095s Evansv. & Terre H .. 120*4
D R Y GOODS T R A D E I N F E B R U A R Y .
25 H
i
F lin t * Pere Marq’ te.
Do
rights.. -73
-80
Do
p r e f..
81*3
66*2 68*2
While the market at first hands has shown but little Chic. & East I il......... lOOta 104
Great North’ n, p ref.. 123*3
Do
p r e f..
9*4
alteration in outward appearance from the prevailing Chic. MU. & St. P aul. 76*2 81*4 Green B ay W. & St. P.
Illinois C entral.. . . . . . 105*4
Do
p r e f.. 124*3 128%
91
do leasd. lines
characteristics of January, there has undoubtedly been Chic. & N orth w est... 11.6 118*3
12%
Iow a Central......... .
Do
p r e f.. 143
145
an increase in business doing, the forwardings from ^ J Unlisted.
S’ th’n
3-yd.sheet
ings.
R a il r o a d s .
L ow . H igh .
A lbany Susqueh’n a .. 160 165
Atchison Top. &S.Fe.
37 % 42
Atlantic & P aciü o.. . .
4%
5
Balt. & Ohio...............
96
97*2
Balt. & Ohio 8. W. pf.
4 7s
5
Boat. & N. Y. A. L. p f. 101*2 101%
Buff. Rooh. & P ittsb.
38*2 40
Do
p ref...........
79
80*s
Burl. C. Rap. & STor..
45
50
Canadian Pacific___ _
8 ■< 90*4
%
High■
92*8
4 9 7s
116
73
98
1515s
33*8
71%
145*4
167*3
19%
5278
8
68 15*8s
* 6
7
8
50
20
123
28
82*3
128
10*3
109*4
92
14*8
THE CHRONICLE.
392
.Railroads .
Low. High.
Iow a Central pref,...
47*2 5 6 %
Kan awall & M id i... .
13
13
16
16
Kings. & Pem............
Lake Erie & West’n ..
21 * 3 2 7
Do
pref..
71*4 78 *«
Lake Shore................. 1 2 2
125*2
Long Island...............
95*4 1 0 0
21
Louisv. Ev. <fe8t. L ...
20*4
7 2 3 s 7 6 78
Louisville & Nashv..
263a 2S3s
Louisv. N. Alb. &Ch..
1958
Lou. St. L. & T e x ....
15
Mahoning Coal..........
77 * 2 77 * 2
100
Do
pref.. 1 0 0
1185s
Manhattan consol.... 1 1 3
45
43
Memphis & Charles..
19
20
Mexican Central.....
Michigan Central.... 1 0 6 10 8 *4
933a 9 4
Milw. L .S .& W .........
Do
pref. 1 2 8 * 2 1 2 8 * 2
9
Minneapolis & St. L ..
8
20
Do
pref..
18*2
Mo. Kan. & T exas..... 1 6 % 18*2
325 g
28
Do
pref..........
64
61
Missouri Pacific........
Mobile & Ohio............
36 * 2 41*2
146*2
Morris & Essex.......... 1 4 5
87
86
Nash. Chatt. & St. L ..
14
14
*Newpt.News & M. V.
N. Y. Cent. & Hud. R . 1 1 3 * 2 1 1 6 %
185g 2 0
N. Y. Chic. & St. Louis
75
77
Do
1st pref.
40*2 4 2
Do
2d pref.
N .Y . Lack. & West... 1 1 0 * 2 1 1 1
2 9 78 34*4
N. Y. Lake Erie & W.
76%
Do
pref.
71*4
N. Y. & New England 4 6 * s 56*2
21
N .Y . &Nor. p r e f....
16%
N. Y. N. H. & Hart. 2 2 6 2 2 7
183a 2 3 * 8
N. Y. Ont. & W est....
2
*N. Y. Pa. & Ohio p f.
1*2
145g
11
N.Y. Susq. & W est...
49
Do
pref..
59*4
Norfolk & Western...
14*8 1 5
49
Do
pref..
51*2
233g 253 g
Northern Pacific... . .
6638 7 1
Do
pref..
21
Ohio & Mississippi...
2¿*2
23%
20
Ohio Southern..........
7
7
Omaha & St L pref.
85
Oregon Ry.&Nav.Co.
90*2
31
28
Oreg. 8h. L. & U. N ..
Peo. Decat. & E’ville.
19*2 2 0 78
13
13
Peoria & Eastern___
64
40%
Phila. & Read, certs.
P. C. C. & St. L .........
2 5 * 2 27*4
64
Do
pref.
66*8
Pittsb. Ft. W. & Chic. 1 5 2 * 2 1 5 3 * 2
Pitts. & W.pf. tr. ree..
39*2 4 3
Rmsseiser & Sara.. . 1 7 0
171*2
Richmond Terminal.
14*4
17*2
Do
pref..
69*2 7 9
Rio Grande Western.
37*2 37 * 2
Do
pref.
68 * 2 7 0
Rome Water & Offd.. 1 1 0 * 4 1 1 1 %
St. L. Alt. & T. H .. .
32*4 3 3
St.L. &S.F. 1st pref.
7 8 * 2 78 * 2
St. Louis Southw.......
8*2
9 78
1958
17
Do
pref..
St. Paul & Duluth....
46*2
43 * 2
Do
pref.. 1 0 3
106%
St. Paul Minn. & Man. 1 1 2
113%
2
4
South Carolina..........
Southern Pacific Co..
38*2 4 0
Texas & Pacific........ . 9*4 12*2
Tol. Ann A. & No. M.
25
2 7 78
49
Toledo & Ohio Cent..
52*2
Do
pref..
86
88
*Tol.Peoria & West’n
20
203g
Low. High,.
R a il r o a d s .
26
14
36
25*2
4 4 * 2 49*2
1938 2 8
223
223
38*2 38*2
1 2 78 1 3 3*
2838 á l®8
36*4 3838
7 6 * 4 79*8
19*2
18
*Tol. St. L. &K. C ...
* Do
pref..
Union Pacific............
Union Pao. D. < G ...
fe
United N. J. RR. &C.
Virginia M idland....
Wabash.......................
Do
p ref..
Wheel. & L. Erie........
Do
pref..
Wisconsin Cent" Co..
E xpress.
148
144
1 18 *2
116
51*s
48%
145 *2
140
Adams........................
American...................
United States............
Wells, Fargo & Co—
C o a l a n d M in in g .
90
90
2
1®8
35*2 3 8
17
17
28
26
12*a 12*2
25
25
23%
21*2
82
82
1134
11%
42 * 2 4 4
275
275
3%
20
21*2
•50
•48
1 -4 0
1 -4 0
47
41
92
92
American Coal........
Cameron C o a l..........
Colorado Coal & Iron
Col. & Hock. C. & I ..
Consolidation Coal..
Homestake Mining..
*Leh. <&W. B. Coal...
Maryland Coal..........
Minnesota Ir o n ......
New Cent. Coal........
Ontario Silver Min..
Pennsylvania Coal..
Quicksilver Mining..
Do
pref..
Robinson Mining___
Standard Mining......
Tenn. Coal & Iron—
Do
pref.
V a r io u s .
*Amer. B’k Note Co..
Am. Cotton Oil Co---Do
pref..
American Dist. Tel..
•Am. Sugar Refin.Co.
*Do
nref..
Amer. Tel. & Cable...
Amer. Tob. Co., pref.
Brooklyn Gas............
Brunt-wick Co...........
Chicago Gas Comp’y.
Chic. Junction R y ...
Do
pref..
Cit’ns’ Gas of B’klyn
Commercial Cable...
Consolidated Gas Co.
Dis. & Cat. Feed. Co.
Edison Gen. Electric.
Do
tr. rec.
H. B Claflin Co . . . . .
Laclede Gas, St. L ...
Manhattan Beach...
National Cordage... .
Do
pref..
•National Lead Trust
* National Lead Co...
* Do
pref..
National Linseed OiL
National Starch Mfg.
North American Co..
Oregon. Improvem’ t..
Do
pref..
Pacific Mail...............
Philadelphia Co.......
P. Lorillard Co. pref.
•Pipe Line Trust.......
•Postal Tel.-CableCo.
Pullman Palace Car.
Silver Bullion certs..
Southern Cotton Oil.
Texas Pac. Land Tr.
Western Union Tel..
43
33 * 2
64 * 2
61
79*2
92%
81
96
122
1 2 78
74
75
82*2
100*2
149
112
4 5 78
95
98%
103
19*2
4
92 * 4
106
1 9 78
3 2 *2
82*2
27
35
15*2
27
75
36 * 2
26
114
57%
50
188*8
89 * 2
60
14
8 4 7s
43
365g
69*2
64
85
9 3 78
82*2
99*4
122
14*2
815g
77
83
102%
152*2
1 15 *2
53*8
104
98%
103
22
4
98%
114%
2 0 78
38%
86^
32
46*2
175s
28*8
75*4
3938
31
115*2
63*2
50
190
9134
62 * 2
14
89*4
[VoL LTV,
1892 and 1891, and for the seven and twelve months ending
January 31, 1892 and 1891, as follows:
MERCHANDISE.
For the
month o f
January.
F or the 7
For the 12
months ended months ended
January 31. January 3 1 .
$98,646.996
1,491,412
$100138408
62,720,112
$37,418,296
..................
$643,345,929
7,917,674
$651,263,603
458,392,125
$192,871.478
$974,513,862
13,504,201
$988,018,063
828,737,484
$159,280,579
1891 —Exports—Dom estic.... $81,466,685
1,163,306
Foreign........
$82,629,991
Imports......................... 62,300,663
Excess of exports over imports $20,329,328
Exoess of imports over exports
$541,102,350
6,624,000
$547,726,350
474,570,837
$73,155,513
$853,290,248
11,630,655
$864,920,901'
822,475,457
$42,445,444
1892.—Exports—Domestic—
Foreign........
Total..........................
Imports.........................
Excess of exports over imports
Excess of imports over exports
GOLD AND SILVER—COIN AND BULLION.
1892.—Exports—Gold—Dom..
Foreign........
Total.........................
Silver—Domestic___
Foreign........
Total.........................
Total exports........
Imports—Gold..............
Silver............
T ota L .........................
Excess of exports over imports
Excess of imports over exports
$246,466
$246,4b6
$1,753.420
598,178
$2,351,598
$2,598,064
$552,014
1,115,617
$1,667,631
930,433
$470,605
257,641
Foreign........
$728,246
Total................. . ......
$978,777
Silver—Domestio___
639,687
Foreign........
T o t a l....................... $1,61.8,4tì4
Total exports........ $2,346,710
Imports—Gold.............. $1,397,918
1,318,653
Silver...........
Total........................... $2,716,571
Exoess of exports over imports
$369,861
Excess of imports over exports
1891.—Exports—Gold—D om ..
$7,477,770
1,394,873
$8,872,643
$9,195,723
11,176,148
$20,371,871
$29,244,514
$42,215,860
12,965,132
$55,180,992
$25,93é,47á
$76,415,083
2,189,778
$78,604,801
$14,190,490
14,235,523
$28,426,Olà
$107,030,814
$44,124,203
17,989,714
$62,113,920
$44,916,894
$16,002,298
628,198
$16,630,496
$9,038,94"
5,497,899
$14,536,846
$31,167,342
$16,324,221
- 13,002,298
$29,326,519
$1,840,823
$20,684,596
3,645,755
$24,330,351
$14,834,014
10,176,954
$25,010,968
$49,341,319
$20,568,171
22,281,599
$42,849,770
$6,491,54»
TOTAL MERCHANDISE AND COIN AND BULLION.
1892.—Exports—Domestic___
Foreign........
Total.........................
Imports...................... .
Excess of exports over imports
Excess of imports over exports
$ 1 0 0 6 4 6 8 8 2 $ 6 8 0 ,0 1 9 ,4 2 2 l$ 1 0 6 5 1 1 9 3 7 5
2 ,0 8 9 ,5 9 0 ,
2 0 ,4 8 8 ,6 9 5 |
2 9 ,9 2 9 , 5 0 2
$ 1 0 2 7 3 6 4 7 2 $ 6 8 0 ,5 0 8 ,1 1 7 $ 1 0 9 5 0 4 8 8 7 7
6 4 ,3 S 7 ,7 4 3 ¡ 5 1 3 ,5 7 3 ,1 1 7 i 8 9 0 ,8 5 1 ,4 0 4
$ 3 8 ,3 4 8 ,7 2 9 $ 1 6 6 ,9 3 5 , 0 0 ü í$ 2 0 4 ,1 9 7 ,4 7 3 -
1891.—Exports—Domestic— $82,916,067 $566,143,595 $888,308,850
2,060,634
12,750,09 71 25,453,364
Foreign........
$84,976,7011*578,893,692 $914,262,220
Total........ ..—
Imports......................... 65,017,234 503,897,3561 865,325,227
Excess of exports over imports. $19,959,487 $74,996,336 $48,936,992
Excess of imports over exports!
IMPORTS AND EXPORTS BY PRINCIPAL CUSTOMS DISTRICTS.
* Unlisted.
RANGE OP GOVERNMENT BONDS IN FEBRUARY.
4% s, 1891,
4«, 1 9 0 7 ,
reg., exl.'cOi p.c.
Opening. . . .
H ighest. . . .
Low est. . . .
Closing.. . . .
*100
'1 0 0
*100
'1 0 0
reg.
4s, 1 9 0 7 ,
coup.
116%
116%
116*2
116*2
6 s , c. ’ 9 8 ,
6s,
reg.
116%
117
116%
116%
c.
’99.
reg
* 1 L8
*115 *2
*116
*115*2
*116
Customs d i s
tr ic ts AND
PORTS.
*118*2
*118
"1 1 8 * 2
The following highest and lowest prices are from actual
sales at the New York Stock Exchange:
RANGE OF STATE BONDS IN FEBRUARY.
Alabama Class A .......
Do
Do B.......
Do
Do C___
Dist.of Col.3‘65s oou.
Louisiana cone. 4 s ...
N. Carolina 1919 6s..
Consol. 4s................
Do
4 s, small.
Low.
103
104
94
111*2
85
123
97*2
97
High.
Low.
High.
103*2 So. Car. Brown cons. 94% 96
107
Non-fundable 6 s ...
2*4
2*4
94% Tenn. new setti. 6 s ... 105*4 105*4
lll* a
5 s............................. 101 101
85
3 s ............................. 68*a 71%
125*2
Compromise bonds. 75
75
98*8 Virginia 6s def.tr.reo.
9%
9%
97
The daily posted rates for 60 days and demand sterling
exchange in February are given below.
BANKERS’ STERLING EXCHANGE (POSTED BATES) FOR FEB., 1 89 2 .
60
Feb.
1 ....
2 ....
8 ....
4 ....
5 ....
6 ....
7 ....
8 ....
9 ....
1 0 ....
1 1 ....
1 2 ....
days.
D e
mand.
4
4
4
4
4
4
8 5 -*2
85*2
85*«
8 5*2 -6
85*2 -6
85*2 -6
4
4
4
4
4
4
8 7 -*2
87*2
87*2
87 *2-8
8 7 * 2 -8
8 7 * 2 -8
4
4
4
4
4
85 *2 -6
85*2-6
8 6 -*2
86*2
86*2
4
4
4
4
4
87 * 2 8
87*2 -8
8 8 -*2
88*2 -9
89
Feb.
1 3 ...
1 4 ...
1 5 ...
1 6 ...
1 7 ...
1 8 ...
1 9 ...
2 0 ...
2 1 ...
2 2 ...
2 3 ...
2 4 ...
60
days.
De
mand.
4 86 * 2
4 89
4 86*2
4 86 * 2
4 86*2
4 86*2
4 86*2
4 86 * 2
............8.
4
4
4
4
4
4
4 86*2
4 86*2
4 89
4 89
......... S.
.......H.
89
89
89
89
89
89
_____
60
Feb.
25
26
27
28
29
....
....
....
....
....
Open.
High..
Low..
Last..
days.
De
mand.
4 8 6 -*2 4 83 *2 -9
4 8 6 -*2 4 8 9
4 8 6 -*2 4 8 9
....... s.
4 8 6 -*s 4 8 8 * 2 -9
4
4
4
4
8 5 -*2
86*2
85
8 6 -*2
4
4
4
4
8 7 -*2
89
87
8 8 * 2 -9
62,720,112 100133408 458.392,125 474,570,837 651,263,003 547,726,35 0
Remaining in warehouse January 3 1 ,18 9 1 ............. ............. $27,741,649
^nma-hilng in warehouse January 3 1 ,18 9 2............................ 28,787,070
a Interior ports to which merchandise oan be transported without
IM PO RTS A N D E X P O R TS FOR JAN U AR Y.
appraisement, under act of June 10,1880.
6 Incomplete, in the absence of law providing the means o f collecting
The Bureau of Statistics has issued its detailed statement of
the statistics of exports to adjacent foreign tei ritory by railroad cars
tlie foreign commerce of the country for the month of January ’ and other land vehicles.
THE CHRONICLE.
March 5, 1892. J
l P m
i j e t a n j^ 0 m
m
£ r t i a I ^ tx g X is lx
[From ou r ow n correspondent. J
L o n d o n , Saturday, February
| p * x » j8
20, 1892.
During the week some of the greatest English railway com
panies have paid their dividtnds, and to do so their bankers
have had to call in money, thus creating a demand and help
ing to strengthen the market. Of course the influence is
merely temporary and now practically has ceased. Further
more, the collection of the revenue has been on a very large
scale during the week, about a million and a half sterling
having been added to the Government deposits at the Bank
o f England. And lastly about £410,000 in gold has been
withdrawn for abroad, chiefly for Russia, during the week
ended Wednesday night. Owing to these several causes, the
rate of discount in the open market has risen to 2% per cent,
and probably the market will continue to strengthen for a
fortnight or so. But about the middle of March the disburse
ments from the Treasury will exceed the receipts, and then
the supply of money in the open market will increase, while
early in April the quarterly interest on the national debt will
be paid. Unless, therefore, there is an exceptionally large
demand for gold for abroad, of which there is no appearance
at present, the probability is that money will continue plenti
ful and cheap for a considerable time to come.
On Wednesday the India Council offered for tender forty
lakhs of rupees in bills upon the presidency treasuries and in
telegraphic transfers, and the applications amounted to over
eleven times as much. Evidently, therefore, the demand
for money in India is very large. The fall in silver has stimu
lated exports from India, and the moving of the crops re
quires additional currency. Besides, it is to be recollected
that this is always the most active export season. Owing to
the demand for money in India the price of silver recovered
from 41J^d. per oz., the lowest quotation last week, to
41 ll-J6d. per oz. on Wednesday and Thursday, but yesterday
fell back to 41 5-16d. per oz., on lower quotations from New
T ork.
The hopes entertained last week that the combination of
the coal roads would lead to a revival of speculation in
the United States, and so bring about a great increase of
business, have not so far been realized. Business undoubt
edly was more active on Monday and Tuesday, but since then
it has almost completely fallen away. Indeed, Thursday of
ibis week was one of the slackest days, even in this time of
stagnation. The market here is so discouraged that it will not
take any initiative, and will slavishly follow whatever lead
may be given by New York. Those in the best position to
judge, however, now think that the selling, which has been so
large since the year began, is very nearly at an end, if not
quite so, and that the supply of stock here is so small, while
in many cases there is actually a bear account open, that if
there were to be a decided recovery in New York the public
here would follow and business would rapidly increase.
Of course there is no question that the losses here have
been very heavy during the past couple of years, and that re
cently the fall in silver and in cotton has inflicted additional
losses, especially upon Lancashire. Moreover, the drought in
India threatens to have serious consequences. The number of
persons employed on relief works is increasing every week,
and there are grave fears that there will be actual famine in
some important districts. Then, again, the banking crisis in
Australia continues. The insolvency of Portugal has added
to the embarrassments of Paris, and now there is a danger
that Greece also may break down. This week, it is true, there
has been a partial recovery from the great fall in
Greek bonds that took place last w e e k ; but the posi
tion in Greece is very serious. T he' expenditure largely
exceeds the income, it is not possible to borrow abroad, and
even in Greece itself the opinion is spreading that some
arrangement will have to be made with the bondholders, The
fall of the French ministry on Thursday, too, has introduced
another element of anxiety in France. Who will succeed M.
de Freycinet is not yet known, but apparently there will be
another period of Cabinet instability and unsettled policy.' The
inter-bourse market therefore is weak, and though the Paris
Bourse has proved itself much stronger than any body believed
possible a little while ago, yet the apprehension remains that
we may at any moment be surprised by a crisis. The dispute
too, between the Murrieta debenture holders has had an ad
verse influence upon markets.
393
Twelve months ago Messrs, de Murrieta’s business was turned
into a limited liability company, the Messrs, de Murrieta re
taining all the shares, while a million sterling of debentures
were created, secured upon assets which were valued at
£2,400,000, the Trustees & Executors’ Corporation being
trustees for the debenture holders. £200,000 of debentures
were taken by the Imperial Ottoman Bank and its friends.
Subsequently a scheme was proposed for transferring to the
Mexican & South American Trust Company the business of
Messrs, de Murrieta as well as the assets upon which the de
bentures had been secured. As the Mexican Company has a
large uncalled capital of over a million sterling, it was repre
sented that the debenture holders would thus obtain additional
security; but the Ottoman Bank and its friends opposed the
scheme. A committee was appointed to try to bring about an
agreement, and some modifications of the scheme were worked
out; but still the Ottoman Bank refused to accept it. A meet
ing of the debenture holders was called on Friday of last week
and was adjourned till Wednesday, when it was again ad
journed till Thursday. As the Ottoman Bank still opposed,
the other debenture holders voted the adoption of the scheme,
it having been arranged in the trust deed that three-fourths of
the debenture holders could at any time bind all. Some of
the dissentient debenture holders threaten to take the matter
into the courts, but whether they will do so, or whether if they
do they can up3et the arrangement, is doubted.
The trade reports from all parts of the United Kingdom
are unsatisfactory and a general decline seems only too
probable. On Thursday there was a sharp fall in Scotch pig
iron of over half-a-crown per ton, bringing down the price to
about 40s. 7d. per ton. For a long time past the price has
been artificially maintained by a London syndicate which had
bought largely in the hope of cornering the bears. The
syndicate now seems anxious to get out of the business, and
the fall on Thursday is said to have been caused by heavy
selling on its account.
In the wheat market there was a firm tendency early in the
week, and though the course o f markets in the United States
caused a reaction, the tone is certainly firmer than it was some
time ago. The stocks in the United Kingdom are consider
ably larger than at this time last year ; but the opinion of th e.
trade is that the long-continued fall in wheat will now check
imports, and that as the harvests throughout the whole of
Europe were bad last year there must be a considerable rise
before the summer. Much, of course, will depend upon the
crops in India, which will soon be gathered in. The old stocks
in India are believed to be nearly exhausted, as India during
the past six or eight months has exported immense quantities,
and the general opinion is that the ripening harvest, though
fairly good, is not very large. Therefore the more general
expectation is that India will not continue to export on a
large scale unless prices considerably recover.
The following return shows the position of the Bank o f
England, the Bank rate o f discount, the price of consols, & c,f
compared with the last three years
C irculation...................................
Public deposits.. .........................
Other d e p o sits ........... ................
Government securities..............
Other securities............................
R e se rv e........................................
Coin and bullion...........................
Prop, assets to Iiabilities.per ct.
Bank ra te ..........................per ct.
Consols 2M per cent....................
Clearing-House re tu rn s...........
1889.
1890.
1892.
1891.
Feb. 20.
Feb. 19.
Feb. 18.
Feb. 17.
£
£
£
£
24,504,075 23,856,745 23,185,405 22,972,040
9,992,974
9.506,905
8,827,367 11,591,394
27,286,861 28,158,439 22,615,834 23,014,092
10,216,821 12,435,231 13,784,100 14,499,861
27,503,172 30,029,850 20,453,143 21,706,943
16,182,394 15,619,567 16,177,048 15,047,041
24,236,469 23,026,312 22,912,453 21,846,081
45«
50
39 i - i e
45«
3
5
3
3
97 3-16
97 7-10
99«
95M
151,470,000 173,984,000 174,205,000 190,553,000
The following shows the imports of cereal produce into the
United Kingdom during the first twenty-four weeks o f the
season compared with previous seasons:
IMPOSTS.
1891-92.
1890-91. 1889-90.
Wheat.................. o w t 36,430,546 27,167,123 26,136,031
Bariev .................... 11,902,428 11,698,031
9,045,330
Oats..
. . . . 7,194,009
6,352,445 6,574,112
P e a s .....'....................... 1,628,343
934,183
888,023
Beans............................. 1,842,118
1,614,758
1,654,219
Indian c o rn ....... .
11,356,454 12,769,922 13,867,633
Flour............................ 8,591,149
7,089,588
7,998,231
1888-89.
29,520,423
10,725,427
8,351,111
1,020,059
1,389,974
11,696,508
7,148,539
Supplies available for consumption (exclusive o f stocks on
September 1):
1891-92.
1890-91.
1889-90.
1888-89.
tm p ortsofw h eat.ow t.36 ,430,546 27,167,123 26,136,031 29,520,423
Im ports o f flour........... 8,591,149 7,089,588
7,998,231 7,148,539.
Sales o f hom e-grow n.15,854,879 19,606,574 25,080,775 17,490,426
T otal.......................60,876,574 53,863,285 59,215,037 54,159,388
1891-92.
1890-91.
1889-90.
1888-89.
Aver, price wheat week.32s. 3d.
32s. 3d.
29s. 8fl.
29s. 6d.
A verage p rice, season ..3 6s. 4cL
32s. 3d.
30s. Od.
31s. lOd.
394
THE CHRONICLE,
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
W heat................... qrs. 2,420,500
H o u r, equal to qrs.
445,000
818,000
M aize.................... q rs.
Last week.
2,394,000
498,000
425,000
1890.
1,892,500
289.000
593.000
1891.
1,707,500
370.000
292.000
From previous returns we obtain the figures for previous
months, and in that manner complete the statement for the
eight months of the fiscal years 1891-92 and 1890-91.
r e c e ip t s
Sat.
Mon.
417ig
961le
96i16
9610
121
92
8018
107ia
126
417i8
961.8
*969,6
96-40
121
925a
80%
107ia
1261a
7614
72ia
1173i
32%
109%
50%
69%
755a
72ia
11618
32ia
109ia
505s
691s
5614
3018
47ia
3018
1185a
1195a
333a
109%
51
69%
56
56i8
30is
4818
34%
110
50%
69%
56%
30
48%
30%
303a
48ia
30%
30%
Fri.
Thurs.
Wed.
Tues.
415s
41
x95916 95716
x95% 959ifi
96-32ia 96-32%
121
121
92ia
92ia
813s
80%
IO7 I3 107%
12S % 130%
75 s8
763a
72%
72%
417t6
41%
95%
95%
951116 9513!
96-47% 96-57%
121
121
92%
91%
80%
81
107% 107%
130%
130
755a
76%
72%
72%
119% 119%
343a
34
110%
110
50%
50%
6878
69
56%
30
56%
30%
48
47%
2978
30%
* F or A p ril account.
© u m r o e u c ia l m id I ^ i s c e l l a ii e u t t B M tx o s
I m p o r t s a n d E x p o r t s f o r t h e W e e k , —The following are
the imports at New York for the week ending (for dry goods)
Feb. 35 and for the week ending (for general merchandise)
Feb. 26; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT NEW YORK.
F or Week.
1889.
1890.
1892.
3 891.
1890-91.
N.Bk.
Ous- ln ter’l Bed’p. Misc’ i lotal.
toms. Bev’ue Fund S’rces
The daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending March 4:
London.
(0 00 s o m itte d ).
1891-92.
E n s l l s h F i n a n c i a l M a r k e t s —P e r C a b le .
Silver, per oz................ d
Consols,new, 2 % per cts.
do for account........
Fr’ch rentes (in Paris)fr.
U. 8. 4s of 1907.............
Canadian Pacific...........
Ohio. Mil. & St. P a id ....
Illinois Central...............
Lake Shore.....................
Louisville & N ashville..
Mexican Central 4s.......
N. V . Central & Hudson.
Iff. T . Lake Erie & West’n
do
2d cons...........
N orfolk * Western, pref.
Northern Pacific pref...
Pennsylvania..................
Philadelphia & Reading.
Union Pacific..................
Wabash pref..................
[ V o l . L 1V ,‘
July....
A u g...
Sept....
O c t . . ..
N o v ....
D e c ___
JaD......
F e b ___
Customs.
»
15,468
15,165
14,121
13,981
12,659
14,329
17,391
16,783
$
23,953
20,316
22,035
24,934
15,228
17,774
23,077
18,994
$
14,552
12,502
11,946
13,066
12,480
12,511
11,911
12,189
$
142
111
836
112
114
287
159
. 57
t
4,138
1,107
1,098
1,401
1,661
1,956
2,129
1,727
t
34.300
28,885
28,001
28,560
26,917
29,088
31.590
■30,756
N.Bk.
lnter’l
Misc’i lotal.
Bev’ue Fund. S’rces
$
$
$
%
304 2,328 38.303
11,718
12,557 2,700 1,034 36,607
12,615 3,021 2,133 39,804
994 1,448 40,216
12,840
807 2,129 28,986
11,322
264 2,721 34,730
13,971
246 2,60? 37,891
11,965
338
9,490
789 29,611
8 m os... 119,897 101,157 1,818 15,220 238.092 166,311 96,478 8174 15,185 286,148
d is b u r s e m e n t s
(OOOs o m itte d ).
1891-92.
1890-91.
Ordi
nary,
July....
A ug...
Sept....
O ct. . . .
N ov_
_
D e c___
lan......
F e b ....
N.Bk.
Pen
In Bed’p. Total.
sions. terest. Fund.
$
21,536
13,974
15,169
14,500
14,018
16,936
16,980
13,637
$
$
$
$
$
$
$
$
13,663 2,823 1,698 39,720 «16,653 14,863 7,232
304
5,094
469 1,201 20,738 514,640 18,839
876 1,849
6,683
415 l,668i 23,935 C17.817
88 13,410 3,074
10,977 5,174 1,221 31,872 (120,423 11,097 4,313 2,203
11,784
359 1,755 27,911 15,411 21,511 3,538 2,110
13,149
320 1,398 31,809 el0.552 2,654
455 1,935
10,522 6,673 1,488 35.663 /17,588
1,C80 2,851 2,402
11,562
764 1,519 27,482 11,776 17,310
300 2.279
Ordi
nary.
N.Bk
Pen
I n Bed’p' lotal.
sions. terest Fund.
8 mos... 126,745 83,434 17,003 11,948 239,130 130.H60 87.392 33,035 15,216 280,503
In 1891 disbursements fo r premiums included : a $3,054,879; b $1,729,850
C$4,524,491; d $143,215; e $1,910,004; f 89,581; th e total being $10,101,220.
C h a n g e s in L e g a l T e n d e r s a n d N a t i o n a l B a n k .N o t e s t o
M a r c h 1.—The Comptroller of the Currency has furnished
us the following, showing the amounts o f national bank
notes Feb. 1, together with the amounts outstanding March
1, and the increase or decrease during the m on th ; also
the changes in legal tenders held for the redemption of. bank
notes up to March 1:____________________________________
D ry G oods.......
G en’l m er’dise.
$3,021,536
7,720,137
$3,112,381
4,783,308
$3,099,857
9,635,611
$3,138,952
7,713,343
T ota l...........
Since Jan. 1.
D ry G ood s.......
G en’l m er’dise.
$10,741,673
$7,895,689
$12,735,468
$10,852,295
$26,409,474
51,452,071
$30,155,480
48,642,428
$25,896,563
57,591,128
$24,467,883
59,594,877
¡National B ank Notes—
Amount outstanding Feb. 1 ,1 8 9 2 ..................
Amount issued during F eb .............................
Amount retired during F eb...........................
Total 8 w eek s..
$77,861,545
$84,062,760
Amount outstanding M arch 1 ,1 8 9 2 * .........
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
■pecie) from the port o f New York to foreign ports for the
week ending March 1 and from January 1 to date :
Legal Tender Notes—
Amount on deposit to redeem nation al bank
notes Feb. 1 ,1 8 9 2 ...........................................
Amount deposited during F e b ..................... .
Amount reissued & b’nk notes retir’d in Feb.
$78,797,858
$83,487,691
EXPORTS FROM NEW YORK FOR THE WEEK.
1889.
1890.
1891.
1892.
F o r the w e e k ..
P rev. reported.
$6,754,657
46,411,445
$6,972,543
49,004,072
$8,100,048
43,224,570
$8,255,011
59,328,752
T otal 8 w eeks..
$53,166,102
$55,976,615
$51,324,618
$67,583,763
The following table shows the exports and imports of specie
at the port of New York for the week ending February 27 and
since Jan. 1,1892, and for the corresponding periods in 1891
and 1890:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Gold.
Exports.
Week.
Since Jan. 1.
G reat Britain.
F ra n ce ........... .
G erm any.....................
West In d ie s............. .
M ex ico.........................
South A m erica..........
A ll ether cou n tries..
$35,426
2,250,000
576,000
30,000
2,750,000
2,408,860
4,000
223,000
Total 1 8 9 2 ...........
T otal 1891...........
T otal 1890...........
$2,892,426
927,000
367,072
$5,456,348
4,410,502
1.394,020
Week.
$70,488
Silver,
1,000
Exports,
Week.
G reat B ritain............
F ra n ce.........................
G erm any.....................
W est In d ies................
M exico.........................
South A m e r ic a .........
All other co u n tries..
T otal 1892.
T otal 1891.
Total 1890.
$206,600
$480,000
1,600
16,307
$497,907
142,104
975,563
Since J a n .l
$28,225
2,186,002
96,500
49,624
8,489
132,390
15,432
$2,516,662
956,728
2,034,991
Imports.
Since Jan. 1.
Week.
$3,489,635
210,220
Since J a n .l.
$92,800
134,239
$750
160,000
334,000
9,045
1,862
59,834
19,817
77,473
1,10 0
$366,600
564,260
413,982
$4,177,139
2,968,483
4,416,251
$2,612
6,205
1,730
$251,024
325,692
249,857
Of the above imports for the week in 1893 $13,040 were
American gold coin and $810 American silver coin. Of the
exports during the same time $2,281,oOO were American gold
coin.
G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . — Through the
courtesy of the Secretary of the Treasury, we are enabled
to place before our readers to-day the details of Govern
ment receipts and disbursements for the month of February.
$173,092,694
$984,090
1,566,771
582,681
$172,510,013
$31,657,406
$56,960
1,524,331
Amount on deposit to redeem national bank
notes M arch 1 ,1 8 9 2 .......................................
1,467,371
$30,190,035
* Circulation o f national gold banks, not included above, $111,862,
According to the above the amount o f legal tenders on
deposit March 1 with the Treasurer of the United States to
redeem national bank notes was $30,190,035. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re
ducing or retiring their circulation, was as follows on the first
of each of the last five months :
Deposits by—
Nov. 1.
Dec. 1.
Jan. 1.
Feb. 1.
M arch 1.
$
686,903
insolv’t hks..
5,059,104
Liquid's bks..
Sea’ c ’g undr.
act o f ’74..* 29,314,101 28,309,610 26,949,158 25,785,101 24,444,028
$
719,817
5,279,966
Imports.
1
39,052
36,204
33,339
38,030
42,570
21,596
23,981
31,725
$
730,126
5,232,571
$
.722,406
5,208,056
$
706,535
5,165,770
Total.......... 35,313,884 34,272,307 32,879.620 31,657,406 30,190,035
* A ct of June 20, 1874, and Ju ly 1 2 ,1 8 8 2
—Messrs. Marquand & Skehan offer to investors at 103J£
and interest $275,000 City of Galveston, Texas, 40-year 5 per
cent bonds. The total issue of these bonds is $275,000; total
valuations, real estate and personal property of the city, as
assessed, are $22,981,000; total city debt for all purposes, in
cluding the above issue, is $1,776,000. The city owns prop
erty not included in above valuations to amount of $1,951,000.
The bonds are issued for paving purposes and the city pledges
for interest and principal a special levy on all real and per
sonal property within city limits. See advertisement in State
and City Department.
— Proposals for $1,350,000 Cook County, Illinois, four
per cent refunding bonds will be received by the Comptroller
up to Monday, March 14. The bonds will be divided into
series numbered one to twenty of $67,500 each and payable in
from one to twenty years respectively. The bonds will be en
graved suitable for listing on the New York Stock Exchange.
For further particulars reference may be had to the advertise
ment in our State and City Department.
—The city o f Lynn, Mass., water loan 4s are offered at
104^ and interest by Messrs. Blake Bros. & Co. This firm,
in Boston and New York, handles during the year a very
large amount of municipal bonds, and investors will be inter
ested each week in observing w bat bonds they are offering in
the State and City Department of the C h r o n i c l e .
39 5
THE CHRONICLE.
March 5 , I8D2.J
a
The movement o f breadstuffs to market is indicated in the
Statement below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Feb. 27, 1892,
and since August 1, for each o f the last three years:
Receipts a t-
Flow.
Wheat.
Corn.
Oat».
Bariti)-
Ryt.
8MI.19612» nutit.mih- Bush.Sft Ih Bii*h.S2 lb* ButhAHlJ Bit. M l
395,684
90,907
Chicago.......
121,980
432,707 1,377,567 1,480,214
206,200
20,300
135,000
261.900
01,800
Milwaukee.
78,900
Duluth.......
260,013
2,022,000
Minneapolis.
2,000
500
4,400
62,000
103,700
1,700
Toledo.........
22.759
27,035
28,429
2,150
156,153
Detroit.. . .
43,229
10,094
6,724
Cleveland....
4,953
44,317
00,200
213,930
9,908
82,612
223,124 1,410.045
St. Louis....
39,000
281,000
8,800
380,40)
Peoria.........
27,500
5,400
Tot.wk. ’P2
Same wk.’tíi
Same wk.’so.
Since Aug. 1.
1891-93......
1890-91......
1889-90....
247,695
157*933
193,765
3,489,719
1,304.034
1,203,813
3,374,20*
1.085.746
4,931,472
2,183,008
l,3»1.430
1,838,498
741,037
389,823
015,978
140,315
105,853
81,393
7,453,542 106,184,082 76,400.977 00.790,405 24.938.888 12,907,844
0,090,878 70,989,213 55,013,051 57,738,999 25,172.514 3,097,642
7.219,516 88,918,1*3 100,605,735 53.602,000 19,937,933 4.390.022
The receipts of flour and gram at tbe seaboard ports for the
week ended Feb. 27, 1892, follow :
A<—
F lour.
ib i».
Wheat,
bush.
Corn,
bush.
Oats,
bush.
B a rley,
bush.
R ye,
bush.
900,000 721,950
124,995 107.607
450
94.106
95,591 880.335
204.421 1.079.215
28,984
37,130
238,100 194,015
378.225 126,000 [65,100
4,825
254,585
45,165
8,301
1,670
143.738
4,800
49,000
15,763
32,230
33,465
23,400
Total week 346,636 1,686,177 3,020,702
Oor. week ’ 91 233,055 423,795 1,239,567
936,408 139,126 110,733
596,445 45,877
6,017
New Y o r k .... .134,180
B o sto n ........... . 55,292
M ontreal....... . 12,378
Philadelphia. . 56,176
B altim ore. . . . 65.438
Richm ond ..
9,3 '0
N ew Orleans. . 13,872
The exports from the several seaboard ports for the week
ending Feb. 27, 1892, are shown in the annexed statement:
Exports
fr o m —
New York
B osto n ...
Portland.
N orfolk..
P h fia del.
Baltim’ re
N. Orl’ns.
N .N ew s..
Bichm ’d .
Wheat.
C om .
Flour.
Oats.
By*.
Feas.
Bush.
Bush.
Bbls.
Bush.
Bush.
Bush.
637.000
180,343
26,995
145,525
377,837
75,414
573,098
60,659
146,741
33,132
62Ì',278
723.384
446,511
60,603
16,995
36,913
2,226
Tot. week. 1,443,114 2,424,930
S’ m e time
1 8 9 1 ... 422,453 504,869
65,646
17,935
26,021
24,500
26,903
43,740
500
........
296,610
83,581
187,086
50,521
2,852
71,143
47.962
The visible supply o f grain, comprising the stocks in granary
at the principal points o f accumulation at lake and seaboard
p o r t s , F e b . 27, 1892:
Wheat,
Corn,
Oats,
I n store at—
bush.
bush.
bush.
N ew Y o rk ....... .
3,858,867 1,724,960 1,390.308
D o afloat.......
279,000
A lb a n y ............. .
27,800
22,800
Buffalo
............ 1,898,891
36,492
21,711
D o afloat.......
171,630
Chicago.............. 9,367,531 1,565,183 900,326
Do
afloat___
817,339
320,109
M ilwaukee_____-,
342.284
14,445
14,581
Duluth ................ 8,585,797
Do
a flo a t....
400,703
T o le d o ............
1,440,921
449,865 126,172
D etroit.............. .
491,768
13,291
25,585
O sw ego................
25,000
St. L o u i s . . . . . . . . . 1,831,190 3,0Í2,171 191,436
C incinn ati______
6.000
27,000
B o s t o n ....._____
83,971
152.174
57,147
T oron to......... .
142,773
800
7,192
M o n tre a l.... . . . . .
533,637
205,911
Philadelphia.......
416.098
551,819 425,659
Peoria................ .
16,748
373,609 158,943
Indianapolis.......
40,339
66.139 115,091
Kansas C i t y .....
544,976
78.825
29,058
B altim ore____ . . .
909,014 1,686,492 113,437
M inneapolis......... 8,526.831
294,682
20,540
On M ississippi...
375,477
17,700
24,325
On oanal & liv e r.
Tot. Feb 27/92. 41,110,285 10,386.556 3,886.222
Tot. Feb. 20/92. 41,473,788 10,033,217 3,639,735
Tot. Feb. 28/91. 23,250,093 2,807,216 2,943,029
Tot. Mar. 1 /9 0. 28,998,383 14,442.363 5,080,339
Tot. Mar. 2 /8 9 . 32,000.059 15,820,084 7,918,963
B a r oil,
B ye,
busa.
bush.
84,139
670,982
16,000 113,000
8,600
18,000
124,162 337,633
559.499
58,066
85,152
103,943
47,913
3,329
3,000
5,822
29,192
13,208
16,874
12,662
83,550
84,760
248,571
26,180
31,613
80,000
85,647
222,000
11,747
138,210
73,300
14,620
—Attention is called to the statement of the Liberty
National Bank of this city in to-day’s C h r o n ic l e showing re
sources of $1,272,356 and individual deposits of $525,810, and
undivided profits of $8,872. This progress in the short period
of four months has been made under the energetic manage
ment of Mr. Henry C. Tinker, President, and Mr. James
Christie, Cashier.
—The United States Life Insurance Company of New York
shows a steady growth. Its new insurance, written in 1891,
was $14,101,654, as against $11,955,157 in the previous year.
The company invites special attention to the policies it issues
known as the Continuable Term Policy and the Guaranteed
Income Policy. See card in another column.
—Messrs. Unger, Smithers & Co. have still a limited amount
of the Rome Watertown & Ogdensburg R.R. Co. 1st con
solidated extended 5 per cent bonds, due 1922, on hand. As
tbe principal and interest of these bonds are guaranteed by
the New York Central R.R. Co. they command the attention
of investors.
—The Equitable Mortgage Company of this city, whose
card appears iu the C h r o n ic l e , has just printed for the use
of its customers a neat little pamphlet called “ Information
about Investments,” in which some interesting points are set
forth. Copies can be obtained by writing to the company.
Ä. ï . and Brooklyn Gas Securities—Brokers’ Quotations.
GAS COM PANIES,
GAS COMPANIES.
i Bid. I 4»k
85
124:
107
102
B rooklyn G as-L ight...........
Citizens’ G a s -L ig h t...........
Bonds, 5s_____ . . . . . . ___
Consolidated G as................
Jersey C ity & H ob ok en ..
Metropolitan—B o n d s .......
Mutual (N . Y . ) ...................
Bonds, 6 s...........................
Nassau (B ro o k ly n )............
M unicipal—B onds, 7 s.
P ulton M u n icip a l.......
B onds, 6 s....................
E qu ita b le.......................
Bonds, 6 s .................
Scrip...... ........ .............
133
102
140
1C4
SO
lui)
105
1.Ï4
107
Auction Sales—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction»
By Messrs. R. V. Harnett & Co.:
Share».
Shares.
24 Fourth Nat. Bank........ 190*3
6 Buffalo N. Y. & Erie RR.132*a
25 Leather M’ f’r’s Nat. B k ..250*4
1 N. Y. Law Institute . $150
100 American Ex. Nat. Bank,15278 10 Union Trust Co................735
20 Western Nat. Bank........ 124
10 Continental Nat. Bank..i293Ì
35 Bank of N Y „ N. B. A . . .238*8
20 So. Nat. Bank, stamped
200 Merchants’ Nat. B in k ... 154*8
as per agreement ....92-96
100 Mechanics’ Nat. Bank.. .190*4
5 Manhattan Trading Co.. 10
By Messrs. Adrian H. Muller & Son :
Shares.
Share».
20 United States Tr’st Co.780-782
100 Georgia Pacific RR. Co.. 8
100 42d St. Manhattanvilie &
St. Nich. Ave. RR. Co.. 42*4
100 Wabash St. L. < Pac.
fe
Ry. Co .......................... 13*8
100 North River Construc
tion Co........................$42 lot
20 Western Impt. Co............ 5
50 Bankers’ & Merchants’ 1
Telegraph Co............. I *o
10 Butler & Golding Man- f *
ufacturing Co........... J
11 Long Br. Oc’nPier C o.$100lot
10 Standard Oil Trust C o... 167
1 Chemical Nat. Bank___4510
10 Continental Ins. Co......... 225*4
30 Peter Cooper Ins. Co— 140
34 3d A venue RR. CO.......... 228^8
25 Empire State Bank.........118
Bonds.
$100 Georgia Pac. RR. Co.
consolidated scrip............... 64
$2,000 City Water & Light
Co. of Abilene, Kan., 6s,
1920 J&D............................. 90*8
$1,000 Ind. Water & Light
Co. of Shelbyville, Ind., 6s,
1919, A&O........................ . . 90*4
$2,000 N. Y. & 9. Brooklyn
Steam Trans. Co., 6s...........102
aixcl Jfitxatitial.
Spencer Trask
& Co.,
BANKERS,
N o s. 1 6 a n d 1 8 B r o a d S tr e e t, N e w Y o r k C ity .
2 0 C o n g re ss S tr e e t, B o s t o n .
ALBANY N. Y.
PROVIDENCE, R. I.
Direct Private W ire to Each Office.
All «lawas of Securities Bought and Sold on Commission. Special attention
given to INVESTMENT SECURITIES.
______________
LIB E R TY N A T IO N A L BANK,
6,312
17,000
1,868,354 1,566.332
1,901,108 1,624,692
399,105 2,439.790
1,613,204 1,703,735
1,669,596 1,832,562
—Mr. H. B. Philbrook, whose card will be found in the
C h r o n ic l e , is ready to supply mortgages on city property in
Southern cities to institutions or other good parties here who
desire so to place funds.
—Mr. Henry C. Hackney, of Chicago, whose card will be
found on the first page of the C h r o n ic l e this week, haa had
30 years residence in that city and handles a line of building
securities which net purchasers a high rate of interest.
C en tra l B n ild in g , 1 4 3 L ib e r ty S tr e e t. N ew Y o r k .
C A P IT A L ,
.
.
.
.
$ 3 0 0 ,0 0 0
ACCOUNTS OP BANKS, BANKERS AND MERCHANTS SOLICITED.
HENRY C. TINKER President.
HENRY GRAVES, Vice-President.
JAMES CHRISTIE, Cashier.
D IR E C T O R S .
H. C. FAHNESTOCK,
HENRY C. TINKER,
E. P. C. YOUNG,
HON. G. A. HOBART*
WM. RUNKLE.
HENRY GRAVES,
J. A. GARLAND
DUMONT CLARKE,
GEO. P. BAKER,
JNO. H. STARIN.
J. R. MAXWELL.
T H E M E R C A N TIL E N A T IO N A L BANK
OF T H E C IT Y OF N EW Y O R K ,
N o. 1 9 1 B r o a d w a y .
C a p ita l,
$ 1 , 000 ,00 0 I S u r p lu s & P r o fit s , $ 1 ,0 3 0 ,0 0 0
WILLIAM P. ST. JOHN, President. |FREDERICK B. SCHBNCK, Cashier.
JAMES Y. LOTT, Assistant Cashier.
A C C O U N T S S O L I C IT E D .
TH IR D N A T IO N A L BAN K
—Investors are invited to note the list of bonds and guar
OF T H E C IT Y O F N E W Y O R K .
anteed stocks offered in the columns of the C h r o n ic l e to-day
by Messrs. Reed & Flagg.
C a p ita l,
..................................................... $ 1 ,0 0 0 ,0 0 0
J. B. WOODWARD............................. President.
—Attention is called to the card in our columns of Messrs.
HENRY CHAPIN, Jk ............Cashier I J. FRHD’ K SWBA3Y....Asst.Cashier .
Herman Schaffner & Co., of Chicago, bankers and dealers
Accounts solicited and careful attention to the interests o f Depositcrs
in commercial paper.
guaranteed.
396
2
THE CHRONICLE
£feje f B a u l i m '
rVoL. L IT .
Posted rates of leading bankers are as follows:
©»¿¡ette.
March 4.
D I V I D E N D S .
qvp
K a m t o f Company.
P er
Cent.
R a ilr o a d s .
Atlanta & Charlotte Air Line....
3
Ohio. & Eastern IE. pref. (quar.)..
1%
Çhic.& North western pref. (quar.)
1%
Connecticut River (quar.)............
2
Iowa Central pref. .1..................... $1
Keokuk & W estern.......................
1
Little Miami (quar.)................ !..
2
Pitts. Cin. Chic. & St. L. p r e f___
2
Southwest Pennsylvania.............
5
West Jersey common....................
3%
R lis c e la n e o u s .
Minnesota Iron (quar.)................
Northwest Thomson - Houston
Electric pref. ¡quar.)...............
Standard Gas Light pref. (quar.).
1%
2
1%
When
Payable.
B ooks Closed.
(D ays inclusive.)
Marcii 5 Feb. 29
Aprii 1 Mar. 17
March 24 Mar. 6
Aprii 1
Aprii 11 Apr. 2
Aprii 1 Mar. 23
March 15 Mar. 1
March 21 Mar. 11
March 31
March 15
to
to
to
to
to
to
to
to
to
to
Mar. 6
Apr. 1
Mar. 24
Apr. 11
Apr. 1
Mar. 15
Mar. 20
-------------------
Sixty Days.
Demand.
Prime bankers' sterling bills on London..
Prime com mercial................................... .
Documentary commercial........ . ................
Paris bankers (fran cs)...................... .........
Amsterdam (guUders) bankers..................
4 86%
4 88%
4 84%®4 84%
4 84%®4 84%
5 1938@5 18% 5 17%@5 Ì678
401 ®403X I dosas® 40¡*
8
6
s
F ra n k fo r t o r B re m e n (re ich m a rk s )b ’nk ers
95%©95% ! 95ia® 95%
United States Bonds.—Quotations are as follows ;
Interest
Periods
Feb.
27.
Feb.
29.
Mar.
1.
Mar.
2.
Mar.
3.
M ar.
4.
2 s ,...................... reg. Q.-Mch. *100 *100 *100 *100 *100 *100
4s, 19 0 7... ........ reg. Q.-Jan. * 116% 116% *115% *115% 116% *116%
4s, 1907........... coup. Q.-Jan. *116% *116% *116% *116% 11Z% 117%
6s, our’cy,’ 95___reg. J. & J. *109 *109 *109 *109 *109 *109
6s, cur’cy,’9 6 ....reg . J. & J. *111 *111 *111 *111 *111 *111
6s, cur’c.v,’ 97___reg. J. & J. *113 *113 *113 *113% *113 *113
Aprii 1 Mar. 19 to Apr. 1 6s, cur’ey,’ 98___reg. J. £ J. *116 *116 *116 *116% *116% *116%
6s, cur’ey,’ 99___reg. J. & J. *118% *118% *118% *118 *119 *119
March 15 Mar. 5 to Mar. 15
*Thisis tbeprice bid at the morning board: no sale was made.
Aprii 1 Mar. 25 to Apr. 1
The following were the rates of domestic exchange on New
York at the undermentioned cities to-day: Savannah, buying,
The Money Market and Financial Situation.—The stock par; selling % premium; New Orleans, commercial, 50c. pre
mium; bank, $1 50 per $1,000 premium; Charleston, buying par.,
market has been much disturbed this week by the extraordi selling % premium; St. Louis, par; Chicago, 70c. per $1,000
nary fluctuations in certain stocks, based on the reports of new discount.
combinations. After the recent contracts among the coal
Government Purchases o f Silver.—The following shows
companies with the attendant rise in prices, it is easy to the amount of silver purchased by the Government in March.
stimulate the market with reports of new deals pending be
Ounces
Ounces
P rice p aid.
tween different companies, and the utmost caution should be
offered.
fefcefcised not to be taken in by reports of this character which
728.000
388.000 $0-9100 @ $0*9137
“ 4.................................. 843.000
have no good foundation.
475.000 $0-9090 ® $0-9099
$ ........ @ $ .........
The gold exports continue to exert a certain influence, for
863,000 $0-9090 @ $0-9137
‘ Total in month to date.. 1,571,000
although we have not yet such amounts going out and such
* Tbe local purchases of eacb week are not reported tiU Monday of
trade prospects ahead as to threaten a repetition of 1891,
tbe following week.
still the loss of gold is always a definite quantity in the finan
Coins.—The following are the current quotations in gold for
cial situation, and as long as silver remains in its present un
various coins:
certain and unsatisfactory position the loss of gold will create Sovereigns...........$4 85 ®$4 90 Fine silver ba rs.. 90%® — 91%
N a p o le o n s ....... 3 86 ® 3 90 Five francs.......... — 90 ® — 95
uneasiness.
X X Reichmarks. 4 74 ® 4 80 Mexican dollars.. — 70% ® — 71%
The railroad net earnings for January are not coming in 25 P e s e ta s ..... .. 4 75 © 4 85
Do uncommero’ l — — ® — —
s o .....
68 @
quite as favorably as had been hoped for, but the difference in Span. Doubloons.15 50 ®15 70 Peruvian ilvlsr.... — 80 @ — 70
e
4
4 90
Mex. Doubloons.15 50 @15 70 English s
weather between one January and another is sufficient to Fine gold b a rs ... par @% prem. U.S. trade dollars — 70 @ ------cause a marked difference in operating expenses and thus to
State and R ailroad Bonds.—Sales of State bonds at the
affect the net earnings. A t the best, the winter earnings are Board have included $5,000 North Carolina 6s, 1919, at 125% ;
so much smaller than those of other months that they count $5,000 North Carolina consolidated 4s at 98 ; $14,000 Alabama
class “ A ” at 103@103% ; $1,000 class “ C ” at 96 ; $1,000 South
for much less in the results of the year.
Carolina 6s, non-fundable, at 2% ; $1,000 Louisiana consoli
The magnates of the street have substituted “ combinations” dated 4s, stamped, 85%.
Railroad bonds have had only a moderate business, though
as the watchword of the day in the place of general dealings,
and until the immediate prospects of these various negotia prices of the non-speculative bonds are generally well held.
Among the most active of the low-priced bonds were the
tions are .further settled, or are finally declared off, we can Reading incomes and the Richmond Terminal fives. The
not expect much steadiness at the Stock Exchange.
first named are pretty well sustained at their recent decline,
' The open market rates for call loans during the week on and their firmness will depend mainly on the vitality and
stock and bond collaterals have ranged from 1% to 2 per cent, strength of the recent leases, which are being investigated in
Pennsylvania and New Jersey. The Richmond Terminal fives,
the average being a little less than 2 p. c. To-day the rates on after selling up to 72% on Monday (before the 2% per cent
call were 1% to 2 p. c. Commercial paper is quoted at 4@5 coupon was off) broke down on Thursday to 66% with the de_
cline in the stock, and to-day sold at 62 in the morning, clos
per cent.
The Bank of England weekly statement on Thursday showed ing at 64. Rio Grande Western 4s have been firm around 79*
Railroad and Miscellaneous Stocks.—The stock market
an increase in bullion of £119,000, and the percentage of reserve
has been very active in particular stocks, with wide fluctua
to liabilities was 42-69, against 44-05 last week; the discount tions in prices. It has been a very unsatisfactory market for
rate remains unchanged at 3 per cent. The Bank of France the average operator on a moderate scale, as almost every
shows an increase of 7,100,000 francs in gold and 800,000 francs move has been based on rumors of deals or combinations of
the truth of which it was impossible to get any satisfactory
in silver.
confirmation. In fact, there was such free selling at times
The New York Clearing-House banks in their statement of that it looked very much as if the reports of one deal or an
Feb. 27 showed a decrease in the reserve held of $3,718,600 other had been circulated for the purpose of booming prices.
and a surplus over the required reserve of $26,969,700, against The Vanderbilt stocks have been conspicuously strong, as
also Delaware & Hudson Canal, while New England sold
$30,857,550 the previous week.
up to 59 Thursday morning, declining to 51% and
closing at 52%, and Erie has sold very heavily with
1892.
Differen'sfrom
out much change in price.
These are the main facts
1891.
1890.
Feb. 27.
Prev. week.
Feb. 28.
M arch 1.
of the week in the market, which go far to sup
port the common theory that some negotiations have
$
$
$
$
Capital................. 59,372,700
67,119,700 60,862,700 been pending for control or combination among these compa
Surplus................ 66,007,900
65.375.800 57,620,900 nies, and that there has been a hitch at some point in these
Loans and disc’ts 480,880,000 In c. 4,309,000 403.881.800 409,710,900 negotiations, causing the slump in New England on Thursday.
5,465,600 In o .
7,900
Circulation.........
3,494,600
3,350,700
Net deposits........ 531,938,800 I n c . 677,000 414,426,100 418,619,200 No new facts were developed to-day, and all the advan
Specie.................. 107,814,300 Dec.5,337,800 81,301,000 79,847,200 tage yet remains with the insiders, who in all such
Legal tenders. . . . 52,140,100 Inc. 1,619,200 35.935.800 27,171,800 cases act on a certainty against uncertainty in the operations
Reserve h e ld .... 159,954,400 Dec.3,718,600 117.236.800 107,019,000 of others. The most extraordinary movement to-day was in
Legal reserve.. . . 132,984,700 In c. 169,250 103,606,525 104,654,800 Lake Shore, which jumped up to 136% at the close, after
Surplus reserve. 26,969,700 Dec. 3,887,850 13,630,275
2,364,200 opening at 128. Richmond Terminal, though by no means as
active as some of the others, declined sharply Thursday after
of some difficulty
out the pro
F oreign Txchange.—The market for sterling was dull and noon on a reportto-day was ratherin carryingthe morning,
posed plan, and
weak in
steady most of the week, with some little irregularity in rates closing better at 14%. Chicago Gas is down to 77%
the past day or two, and demand bills and cables quoted to-day, and the action o f the Chicago Common Council
a fraction easier than on last Friday. Gold exports amount to in voting to annul the Economic Company’s charter has been
Cotton Oil has sold better this week
$2,780,000, including $1,250,000 engaged for to-morrow. much criticised.
on talk of a dividend earned on the preferred stock. Sugar
Actual rates for exchange are: Bankers’ sixty days sterling, has been more active and closes at 85% ; Lead at 33%;
4 85%(§4 85%; demand, 4 87%@4 87%; cables, 4 88%@4 88. silver bullion certificates, 90%.
W A L L STRE E T, F R ID A Y , M A R C H 4, 1 8 9 2 -5 P. M.
THE CHKONICLK
March 5, 1892. J
397
NEW YORK STOCK EXCHANGE—A C T IV E STOCKS for week ending MARO FI 4 , and since JAN. I , 1 8 9 2 .
H IGH EST AND LOWEST PRICES
STOCKS.
Saturday,
Feb. 27.
Monday,
Feb. 20.
Tuesday,
March 1.
March 2.
Thursday,
March 3.
Friday,
March 4.
Sales
of the
Week,
Shares.
Bange of sales in 1892.
Lowest.
Highest.
A c t iv e R R , S t o c k s .
38% 39% 38% 39
38% 39% 38% 39% 39,855 37% Feb. 5 46% Jan. 4
Atchison Top. & Santa F e ...
38% 39%
4%
*4% 5
*4% 434
*4% 5
*4% 4%
4%
Atlantic & Pacific................
4% 4^
200 43à Feb. 19
5% Jan. 2
96% 96% *96% 97% 95% 96% 96% 96%
*96% 971.
96% 97
Baltimore & Ohio..... ............
1,350; 95% Mar. 3 97% Feb. 25
89% 89% 89% 90
90
90
90
90
Canadian Pacific....................
90% 901 *90% 91
l,420i 88% Jan. 27] 94% Jan. 12
61% 63% 31,055| 58% Jan. 19 6338 Mar. 4
61% 62% 62
62% 61% 63
6ie
Canada Southern..................
60% 60% 61
142% 144
142 142% 141 142% 140 142% 21,978,111% Jan. 19 145 Feb. 29
Central of New Jersey.......... 139 1401« 139% 145
*31% 32% 31% 31%
*31% 321 *31% 32% *31% ...
200 32% Jan. 20 35 Jan. 4
Central Pacific.......................
25% 25% 25% 26% 25% 26
25% 26
251
Chesapeake & O., vot. tr. cert. 24% 24% 25
13,378 24% Feb. 9] 28 Jan. 14
61
61
61% 61% 61% 62
61% 61% 62
62% 61% 62
Do
do
1st pref
1,737 59 Jan. 9i 64% Jan. 16
43% 42% 43%
43
43% 43
42
42% 42% 431
43% 43
Do
do
2d pref____
6,123 38% Jan. 9 1 43% Feb. 17
144 144
Chicago < A lto n ..................... "142 146 *143 146 *143 146 '143 147 *143 146
fe
23 139 Fed. 4; 145 Feb. 24
105% 105% 104% 105% 104% 105% 105 106% 28,217 103% Feb 24 110% Jan. 28
104% 106
Chicago Burlington & Quincy, 104%105
65
*65% 66% *65% 66%
65
*65% 67% *........ 69
*65
67
Chicago & Eastern Illinois....
100 65 Jviar. I 70 Jan. 2
101% 1013 *100 102
102 % 102 % *101% 1 02 % 100 102
Do
pref. 102 102
150 98 Jan. 20104 Feb. 11
79% 7 9 % 78% 79% 78% 79% 79% 80% 138,251 76% Feb. 11 83% Jan. T
78% 78% 801
Chicago Milwaukee & St. Paul, 78
127% 127% 127 127% 127% 12734 127% 128% 10,083 120% Jan. 19|128%Mar. 4
Do
pref. 127% 127% 127% 128
Chicago & Northwestern___ 116% 116% 117 I I 71 117% 117% 117% 118% 118 119% 11*8 119% 57,181 114% .¡an. 19 119% Mar. 4
144 144
144 144
Do
pref. 143% 143%
630 141%.Tan. 12 145% Jan. 28
88% 89% 88% 89% 88% 89% 89
88% 88%
90% 26,022 87% Feb. 25 94% Jan. 7
Chicago Bock Island & Pacific
47% 48% 48
49% 11,100 44 Jan. 19
Chicago St. Paul Minn. & Om. 47% 47%
48% 48% 48% 48
*114 115
116 116
114% 114% '114 116
Do
pref. T13 115
550 108% Jan. 20 116 Feb. 16
71% 72% 71% 72
71% 72% 71% 73
70% 70% 71
Cleve. Cincin. Chic. & St. L ...
16,930 69% Feb. 25 75 Jan. 7
98% 98%
98
98
98
98
Do
pref.
405 95 Jan. 5 98 Jan. &
31
31% 31% 31% 31% 31
*31% 31%
Columbus Hocking Yal. & Tol. 31% 31%
2,720 29% Jan. 19 33% Keb. 18
Delaware & Hudson............... 133 138% 140 145% 142% 14534 143%144% 141 143% 141 142
145% Mar. 1
67,003 122% Jan.
163% 165% 163% 164% 162%164% 103,402 139% J >n. 19 167% Feb. 29
Delaware Lackawanna &West 159% 160% 161 167% 164 166
4
17% 18 V 18% 19% 18% 18% 18% 18% 18% 1S% 18 3 18% 7.210 16% Feb. 4 19% Jan. 2
Denver & Bio G rande............
52% 51% 52% 51% 53% 52
53% 52% 53% 51,887 45 Jan.
Do
pref. 49% 5l7f 52
53% viar. 4
*7%
7% 7%
7%
*6% 7%
7%
7% 7%
7%
7
7:
East Tennessee Va. & Ga.......
2.210 7 Feb. 4 9% Jan. 7
*45
*46
52
*45
52
*45
52
*45
52
*45
52
52
Do
1st pref.
46 Jan. 28 51% Jan i i
19% 20
19% 19% 19% 20
17
19% 19% 17% 18
17% 17,005 14% Jan. 2 20 Feb. 29
Do
2d pref.
122% 125 *122 124 *123 124
121 125 *124 125
Evansville & Terre Haute_
_ 123 123 r
100 x!19% Jan.15 125 Mar. 8
128 128 *123 130
130 130
128 130 *129 131
Great Northern, pref.............. 127 130
450 119 Jan. 22 130 Mar. 2
Illinois Central........................ 105% 105% 105% 105% 105 105% 105 105% 105 105% 105% 107
3,840 105 Mar. 3 110 Jan. 5
13
13
1334
*13
14
13% 13% *13
*13% 13% *13
14
Iowa Central...........................
408 12% Jan. 18 15% Jan. 4
53
54% 54% 53% 54
54
52
54
53
54
54
Do
pref.
54
1,378 46 Jan. 2 56% Feb. 13
26
26% 26% 26% 25% 26% 25% 26% 25% 26
25% 26
Lake Erie & Western.............
16,055 20% Jan. 19 27 Feb. 25
76% 76% 76
76% 75% 76% *75% 76% 76
Do
pref.
76% 76% 7638 2,000 69% Jan. 5 78% Feb. 19
122% 123% 123% 125% 125% 127% 126% 128
128 136% 62,830 120 Jan. 19 136% Mar. 4
127 129
Lake Shore & Mich. Southern, r
98
98
Long Island.............................
100%102
98% 98% *98 100
99 100
1 01
101
2,435 95 Jan. 18 102 Mar. 4
73% 74
74% 74% 73% 74% 73% 73% 73% 74% 73% 74% 31,896 72% Feb. 3 84% Jan. 2
Louisville & Nashville...........
26% 26% 26% 26% 26% 26% 26
26% 26% 26% 25% 26%
Louisv. New Alb. & Chicago..
4,250 25% Mar. 4 31 Jan. 7
112% 114% 11338 113% 113% 114%
Manhattan Elevated, consol.. 114% 114% 114% 115% 114 115
6,75< 104 Jan. 2 119 Jan. 28
107% 110% 109% 110% 109% 110% 109 112
Michigan Central........... ........ 106 106% 106% 107
16,706 104 Jan. 20 112 Mar. 4
*92% _ _ *94 ........ *94
*92 ........ *92 . ...
_
Milwaukee Lake Sh. & West.. *92 ...
92% Jan. 6 94 Feb. 1
130 ........ *130
128 ........ 128 ...
'128% . . . .
Do
pref. 128 ...
128% Feb. 24 135 Jan. 28
* 8%
12
8%
8%
* 8%
8%
8% 8%
*8
9
Minneapolis & St. Louis........
9
9
8 Feb. 25 10% Jan. 7
700
*19
19
18% 18% 19% 19% *19
20
Do
pref. *18% 22
19
20
517 18% Feb. 29 24 Jan. 7
17
17% 17% 17% §7% *17% 18
Missouri Kansas & T ex a s_
_ *17% 17% 17% 18
17
900 16% Feb. 25 20% Jan. 13
Do
pref. 29% 2934 29% 29% 29% 29% 29% 29% 29% 29% 29% 29%
1,963 28% Feb. 26 33% Jan. 13
6L % 617j
Missouri Pacific.......................
62
62% 61% 62% 62
62%
61% 62%
9,105 59 Jan. 19 65% Jan. 4
39% 40
39% 39% 39% 39% *39
40
40
Mobile & Ohio..........................
*39
41
41
700 34% Jan. 27 42% Jan. 2
88% 86 % 86 % *85
87
*85
*85% 87
*85
87
Nashv. Chattanooga&St.Louis 87
86%
125 86 Feb. 2 90 Jan. 14
114% 1163 115% 117% 116% 117% 116% 117% 116% 118% 58,305 112% Jan. 19 118% Mar. 4
4
New York Central & Hudson. 114 114
*1 8 % ___
18% 19
19% 19% 19
New York Chic. & St. Louis
20%
19
19% 19
19
3,630 18% Feb. 25 22% Jän. 5
76
76
*74
77
76% 76% 76% 76% 76% 76% 79%
Do
1st pref. *74
1,250 75 Feb. 5 81% Jan. 4
42
41
41% *40
*40
42% 42% 42% 41
Do
2d pref. *40
43%
43
3,625 39% Jan. 19 45 Jan. 4
32
New York Lake Erie & West’n 31% 31% 31% 32
32% 33% 33% 32% 33% 32% 33% 255,692 29% Jan. 19 34% Jan. 2
75% 77% 18,110 ”
73
74% 73% 74% 75% 77
Do
pref. 72% 73
75% 77
70% Jan. 19 77% Mar. 4
49% 49% 50% 52% 52
51% 53% 165,685 42% Jan. 2 59 Mar. S
New York & New England...
54
51% 55% 51% 59
227 227
226% 228 *226% 228
New York New Hav. & Hart. 226 228
'226% 228
228 228
125 224 Jan. 15 228 Mar. 2
20% 21
New York Ontario & Western 20 % 20 % 20% 21% 20% 21
21
21 %
21
21
7,905 18% Feb. 5 23% Feb. 11
12 % 12 %
12% 12%
13
12 % 13
New York Susquehan. & West,
13% *13% 13% 13
13
1,450 10% Jan. 4 14% Feb 15
Do
pref. 55% 55% 56% 56% 56
56% 55% 55% 55% 55% 54% 55%
1,855 41% Jan. 2 59% Feb. 1 6
Norfolk & Western........ .
*14
16
*14
*14% 18% 14% 14% *14
16
*14
15
15
100 14% Feb. 25 18 J a n 4
*48% 50
Do
pref. 49% 49% *49% 50% *49
50% 50% 50% 50
50
147 49 Feb. 1 56 Jan. 4
23% 23% 23% 24
Northern Pacific.....................
23% 23% 23%. 23% 23% 23% 23% 2334 4,417 23 Jan. 25 26% Jan. 2
Do
pref. 67% 67% 67% 68% 66% 68
66% 67% 67% 67% 67% 68% 46,318 65% Jan. 19 72% Jan. 2
Ohio & Mississippi..................
22% 22%
22 % 22 % *22
*22
23
22
23
23
350 21 Feb. 11 24 Jan. 5
Ohio Southern........................
22
22% 23
22
*22
*22
*22
*22
23
23
23
23
400 19 Jan. 12 23% Feb. 12
Oregon B ’y & Navigation Co. *86
*89
90
*88
*89
90
90
*89
90
90
85 Jan. 20 913g Jan. 28
90
*89
Oregon Sh. Lin
Utah North 29
29
*23
*28
29% 29% *28% 30
-28
30
30
30
400 28 Feb. 10 33% Jan. 4
19% 19%
Peoria Deca*ur & Evansville. *19% 20
19% 19% *19% 20
19% 19% *19% 20
500 19% Feb. 23 22% Jan. 4
Phila. &Bead.,vot. trust, cert. 583s 59% 58% 603b 58% 59% 58% 59% 58% 59% 57% 58% >76,822 38 Jan. 19 65 Feb. 11
26% 26%
Pittsburg Cinn. Chic. & St. L. *25
27
26% *25
26% *26% 28
*25
27 S *25
200 25% Feb. 25 30% Jan. 5
63% 63%
64
66
_
Do
pref. ........ 65
65% *63
64% *63
65% *63
205 64 Feb. 29 67% Jan. 5
40
42
42
Pitts. & W est, pref. tr. certs
41% 42
40
41
42
42
42
41% 42
2,425 39% Jan. 4 43 Jan. 7
Richmond &WestP’tTermina] 16% 16% 16% 16% 16% 16% 15% 16% 13% 16% 12% 14% 63,335 12% Mar. 4 17% Feb. 12
69
76
77
72
77
Do
pref.
75% 76
68% 75
78% 76% 78
6,820 60 Jan. 4 79 Feb. 16
Rio Grande Western...............
37
38% 38% 38% 38% 38%
1,150 37 Mar. 2 41 Jan. 5
........ 37 *........ 37
*6 9 % ........
_
Do
pref. 68 % 68 % * 68 % ............
70
70
70
70
253 68 Feb. 26 71% Jan. 4
*110 111
Borne Watertown &Ogdensb. 1 1 0 111
110
1 11
1 10
111
1 1 0 1 11
*110 111
110 Jan. 19 112% Jan. 4
*8%
Bt. Louis Southwestern........
8 % 8 % *8% 9%
*8% 9
9
*8% 9
8% Feb. 12 11% Jan. 2
8%
8%
210
_ Do
pref. *17% 18% 17% 17% 17
17% *17% 17%
«
17% 17% 17% *17
600 17 Mar. 1 22 + jan . 2
St. Paul & Duluth.................... *43% 44
43
44% 43% 43% 44% 44%
*43
44
*43% 44
43 Mar. 2 4S% Jan.
1,250
103% 105
_ _ Do
pref. 103% 103% 103% 105 *103% 105
103% 105
100 103 Jan. 19 106% Feb.
Bt. Paul Minn. & Manitoba... 112% 112% 112% 114 *113 114
112 114 -111 114
113 113
300 13 2 Feb. 25 116% Jan.
Southern Pacific Co................
39
39% 39% 39% 39
39% 40% 39% 39%
2,500 38% Feb. 3 41% Jan.
39% 39% 40
Texas & P acific.................... I! 10 % 10% 1 0 % 10 % 10% 10% 10 % 1 0 % 10 % 10 % 10% 10%
9% Feb. 10 14% Jan.
3,095
Toledo Ann Arbor & N. Mich! *25% 26
25% 25% 25%
25% 26
25% 25% 25% 25% 25
1,120 23% Jan. 19 27% Feb.
Toledo & Ohio Central........ . *50
*50% 53
52
*50% 53
46 Jan. 28 52% Feb. 13.
*50% 53
*50
52
*50
52
*84
_ . Do
pref. *84
*84
86
83 Jan. 32 88 Feb. 11
86
*84
86
86
*84
86
*84
86
Union Paciflo. . .
..........
46% 46% 47
47% 46% 47% 46% 47% 46% 47% 46% 47% 23,897 44% Feb. 11 50% Jan.
Union Pacific Denver & Gulf! *19% 21
20
20%
1,220 19% Feb. 10 25 Jan.
19% 19% *19% 20
20% 20% *19% 21
Wabash..................................... *13
13% 13% 13% *13% 13% 13% 13% 12 % 12 % 13
13 I
745 12% Jan. 19 15% Jan.
_
Dc
pref. 29% 29% 29% 30% 29% 30% 29% 30% 29% 29% 29% 29%. 7,482 28% Feb. 11 33% Jan.
Wheeling & Lake Erie............ 37
37% 37
35% 36% 35% 36% 10,475 35% Mar. 3 40% Jan.
38% 37% 37% 35% 37
Do
pref. 76% 76% 76% 77% 77
76% 7738 76% 76%
2,310 76% Feb. 25 80% Jan.
77% 76% 77
Wisconsin Central Co............. *18
19
200 18 Jan. 19 21% Jan.
18% 18% 18%
18% *18
*18
20
18% 18% *18
m is c e lla n e o u s S tocks.""
American Cotton Oil Co........
34% 34% 34% 36% 35% 36% 35% 37% 36
36%
32% Jan. 19! 37% Jan. 4
37% 36
66% 66
Do
pref. *65
69% 71% 69% 70%
71
63% Jan. 19 78% Mar. 3
69% 68
69% 68
Am. Sugar Bef. C o ..................
83% 83% 83% 85
85% 87% 86% 87% 85% 86%
84% 86
78% Jan. 19 88% Jan. 7
_ . Do
pref.
94% 94% 94% 94% 94%
2,531 90 Jan. 19 94% Mar. 3
93% 93% 93% 93% 94
Chicago Gas Co., trust reo’ts. 78
78% 78% 79
75% 77% 76% 7734 >4,125 71% Jan. 21 81% Feb. 12
76% 77% 75% 77
Colorado Coal & Iron. .......... *36% 37
36% 36% 36% 36% 35% 36 1 1,600 35% Mar. 4! 39% Jan. 11
37
37% *36% 37
Consolidated Gas C o...
113% 113% 113% 113% 113% 113% 112 112% 112 112% 112% 113 I 3,144 102 Jan. 15 114% Feb.
Distilling & Cattle Feed’gCo" 50
50% 46% 50
45% 46% 45% 47
46
46% 46% 46% ' 59,510 45% Mar. 1 67% J a n
Edison General Electric
98% 98% 98% 99% 98% 98% 98% 99
98% 98% 08% 98%
2,701 88% Jan. 15 104 Feb
National Cordage C o ....... ! ! !!
94% 95% 95
95% 95% 95% 95% 95
96% 95*2 96
95%; 12,360 92% Feb. 13 99% Jan.
Do
pref. 107% 107% 108 108
107% 107% 107% 107% 107% 107%
1,262 100 Jan. 4 114% Feb.
107%108
National Lead Co....................
32% 33
32% 33% 33% 33% 33% 33% 2,317 31 Jan. 2 39 Jan.
*33
34
32% 33
Do
pref. 82% 82% 82% 82% 82% 82% 82% 83
82% 83
82% 82%
1,364 81% Jan. 19 86% Feb. 11
North American Co..... ........... 15% 15% 15% 16% 15% 16
15% 15% 15% 15% 15% 16% 7,680 15% Jan. 19 18% Jan. 4
Oregon Improvement C o ___! *27
29
*27
30
*26
27
*26
29
-26
29
*26% 29
26% Jan. 28 29% J a n 4
Pacific M a il............................. *37
37% 37
37% 37
37% 37% 37% *37
37% 37
1,705 35% Jan. 19 40% Jan. 4
37%
Pipe Line Certificates § ..........
57% 57% 57% 58% 57% 59% 58% 59% 59
59% 57% 59% 230,000 57% Mar. 1 64% Jan. 12
Pullman Palace Car Co.......... 188% 188% 188 189
187% 187% '188 189
187% 189
187% 189
100 184 Jan. 4 190 Feb. 1
Silver Bullion Certificates___ *90% 91% 90% 90% 90% 90% *91
91% *90% 91% 90% 90% 40,000 89% Feb. 9 95% Jan. 4
Tennessee Coal & I r o n ..........
44% 45% 44% 46% 45
45% 45% 45% 44% 45% 43 44% ! 12,620 40% Jan. 19 47 Feb. 19
Do
pref. *93 100
*94 100
*94 100
*93 100
*94 100
*94 100 I ........ 92 Feb. 23 97 J a n 11
Western Union Telegraph___ 87% 88
88
8 8 % 87% 88%, 87% 88% 87% 88%l 87% 88%' 18,067 82 Jan. 19 89% Feb. 19
* These are the prioes hid and asked; no sale made § Prices from both Exchanges, x E x dividend.
THE CHRONICLE
398
[Voi.. U V .
NEW YORK STOCK EXCHANGE PRICES (Continued)—IN ACTIVE STOCKS.
I n a c t iv e
March 4.
f Bange (sales) in 1891.
stocks
R a fir o a r i S to c k s .
Preferred.
Preferred.
Flint <
Preferred.
Ask.
Bid.
1 Indicates unlisted.
1
Highest.
Lowest.
(t Indicates actual sales.)
March 4.
I n a c t iv e St o c k s .
Range (sales) in 1892
Bid. Ask
If Indicates unlisted.
Lowest.
Highest.
185 164 Jan,
Rensselaer & Saratoga.......................100170
9 Jan.
St. Joseph & Grand Island....... 10O
100 35
32
35
32% Feb.
.100 160 165 Ì6Ó Feb. 165 Feb. St. Louis Alton & T. H ..............100 126
128 Mar.
Do
pref.............100
94
97
76% .(an.
80
.100 120 150 Ì25 Jan. 1.30 Jan. St. L. & San Fran. 1st pref....... 100 76
2 Feb.
101% Feb. 102 Jan. South Carolina...........................100
100
21
17% Jan.
32 Jan. Toledo Peoria & Western!!....... 100
31 Jan.
33
100 30
22
8% Jan.
43% Jan. Toledo St. Louis & K. C ityll..........
.100 Ì 39*4 39% 38*4 Jau.
38% Feb.
81*4 Jan. Virginia Midland....................... 100
.100 79% 80% 78% Feb.
m i s c e lla n e o u s S t o c k s .
50 Feb.
100 46
36 Jan.
144 Feb.
AdamsExpress..........................100 146
13
44% 46
43 Feb.
7% Jan. Amerietn Bank Note CoH.......
100
7% Jan.
116 Feb.
150 ° Jan. 154 Jan. American Express.................... 100 U i8%
50 150
80 Jan.
Am. Telegraph & Cable............ 100 81%
99
96 Jan.
8% Jan. American Tobacco Co.,pref -.100
é% 7% 7 Feb.
.100
123
10 Jan.
Brunswick Company................ 100 10
19*4 Jan. 20 Jan.
18
.100 13
75 Jan.
76
7% Jan. Chic June. Ry. & Stock Yards.100
6% Feb.
7
6
.100
80% Jan.
Preferred..................................100
15 . 14 Feb. 1678 Jan.
.100 14
94% Jan.
28 Feb. Citizens’ Gas of Brooklyn.........100 1013a
25 Jan.
100
15 Jan.
100
81% Feb. 85*4 Jan. Columbus & Hocking Coal....... 100
7 Jan. Commercial Cable..................... 100 153*2 155 148 Jan.
7%
8% 7 Jan.
.100
30
26 Feb.
12*4 Jan. Consol. Coal of Maryland......... 100 28
9% Feb.
.100 t 10%
19% Feb.
Laclede Gas................................ 100 195s 2 0
4 Jan.
3% Mar.
100 : 3%
62 Jan.
57
62
Do
pref.........................100
96 Jan.
91 Feb.
.100 92
25
15
20 Feb.
14 Jan. Lehigh & Wilkes. CoalU..........
12% 12 Jan.
.100 10
23% Feb.
28
Maryland Coal...........................100 25
3
6.
76 Jan.
83
Minnesota Iron...........................100 80
7% 13
18r8 Jan.
21 Feb. National Lead Certs. H..............100 19%
20*4 Feb.
100
33
27 Jan.
National Linseed Oil Co............100
35 Feb.
14% Jan. 22 Mar. National Starch Mfg. C o.......... 100 4 3 %
.100 Ì 21% 22
10% Jan
12
77% Feb. 77% Feb. New Central Coal....................... 100 10
. 50 85 100
42% Feb.
45
100 Feb. 100 Feb. Ontario Silver Mining............... 100 43
50 102
280 310 275 Feb.
Pennsylvania Coal.................... 50
114 Feb.
P. Lorillard Co. pref................. 100
5 Jan.
5 Jan.
100
54
37 Jan.
58
143% Jan. 146% Feb. Postal Telegraph—CahleH..............
50 1146
3% Feb.
4i 2
3%
Quicksilver Mining.................... 100
10858 Jan. I l l Feb.
.100
20 Feb.
22
20
Preferred..................................100
16% Feb. 26 Jan.
100 t 18
14 Feb.
12% Mar. 15% Jan. Texas Pacific Land Trust......... 100 14
15
.100 12
. 48 Jan.
U. S. Express..............................100 51
152% Feb. 154% Jan.
.100 154%
Wells, Fargo Express................ 100 143 150 140 Jan.
5(1
171% Mar.
9% Jau.
3378 Jan.
132 Jan.
78% Feb.
4% Jan.
20% Mar.
26 Feb.
38% Feb.
150 Jan.
43 Feb.
118% Feb.
82% Jan.
993s Feb.
14% Feb.
79% Jan
83 Feb.
102% Feb.
18% Jan.
154% Mar.
28% Mar.
24% Jam
64 Jam
25 Feb.
25% Feb.
82 Jam
21 Jam
32 Feb.
46% Feb.
11% Feb.
45% Jam
275 Feb.
118 Jam
50 Feb.
4 Jam
22% Jam
15 Jan
54 Jam
145% Feb.
No price Friday; latest price this week
YORK
STOCK
SECURITIES.
Bid.
Alabama—Class A, 4 to 5 ... ..1906
Class B, 5s.......................... ..1906
Class C, 4s.......................... ..1906
Currency funding 4s......... ..1920
Arkansas—6s,fund.Hol. 1899-1900
do. Non-Holford
7s, Arkansas Central RR .
.1914
Stamped 4s.'.......................
Missouri—Fund.............1894-1895
102%
104
91
94
8
155
4
105
85%
105
EXCHANGE PRICES.—STATE BONDS M ARCH 4 .
SECURITIES.
Bid. Ask.
Bid. Ask.
SECURITIES.
Ask.
S.C. (cont.)—Brown consol. 6s. 1893
97
103% New York—68, loan ................1893 102
62
Tennessee—6s, old........ 1892-1898
30
North Carolina—6s, old ........... J&J
107
Comiromise, 3-4-5-6s.........1912 72
Funding act...........................1900 10
New settlement, 6s..............1913 105 107
20
New bonds, J. & J ---- 1892-1898
96%
5 s......... ....................
1913 98 101%
2
7
Chatham RR.......................
15
3 s .................
1913 70% 7
3
7
1
Special tax, Class 1.............
185
Virginia—6s, old...............................
Consolidated 4s.................... 1910 97% 99
10
6s, consolidated bonds................
6s............................................. 1919 123 127
6s, consolidated, 2d series,rects.
87% Rhode Island—6s, co u ..1893-1894 102
9
8
6s, deferred, t’ st reo’ts, stamped
2%
2%
South Carolina—6s, non-fund.1888
New York City Bank Statement for the week ending Feb.
27,1892, is as follows. We omit two ciphers (00) in all cases.
Ba n k s .
(oo* omitted.)
B a n ks .
Capital. Surplus.
Bank o f N ew Y o r k ...
Manhattan Co........
Merchants’ ............... .
Mechanics’..................
A m erica...................
Phenix.....................
C ity...........................
Tradesm en’s ..........
Chem ical...... ..........
Merchants’ E xchange
Gallatin N ational.. ..
B utchers’ & D rovers’ .
M echanics’ & Traders
G reenw ich....................
Leatnei M anufact’rs.
Seventh N a tion al.. . . .
State of N ew Y ork _
_
A m erican Exchange..
C om m erce....................
B roadw ay........ ............
M erca n tile...................
P a cific...........................
R ep u b lic.....................
Chatham.......................
Peoples’ ........................
N orth A m erica...........
H a n over.......................
Irv in g ............................
Citizens’ ____ _____ _
N a ss a u ....................
M arket & F u lton .......
St. N icholas.................
Shoe & Leather....... .
Corn E xch an ge........ .
Continental..................
Oriental.......................
Im porters’ & Traders’
P ark............................. .
B ast R iv er.................
F ourth N a tio n a l......
Central N ational........
Second N ational.........
N inth N ational...........
F irst N ational.............
Third N ational....... .
N . Y. N at’l E xch an ge
B o w e r y .......................
N ew Y ork C ou n ty ...
Germ an-A m erican...
Chase N ational.........
F ifth A ven u e___.....
German E x ch a n g e ...
Germania............... .
U nited States............
L incoln ........................
Garfield.........................
F ifth N ational...........
Bank of the M etrop ...
W est S id e .................
S eaboard...............
Sixth N ational..........
W estern N ational___
First N attonal.B’klyn
t
2,000,0
2.050.0
2 , 000,0
2 , 000.0
3.000.
1. 000.
1, 000,0
750.0
300.0
600.0
1 000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5,000,0
5,000,0
1,000,0
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
500.0
600.0
500.0
750.0
500.0
500.0
1, 000,0
1, 000.0
300.0
1,500,fi
2 , 000,0
250.0
3.200.0
,
2,000,0
300.0
750.0
600.0
1,000.0
300.0
250.0
200, C
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
150.0
300.0
200.0
600,0
200,0
2 .100.0
300,0
«
1,066,8
1.580.3
979.8
2.029.6
2.197.7
0
452.2
0
2.422.0
126,6
6.723.0
161.5
1.511.7
306.2
420.9
150.3
652.1
70,0
483.5
2.087.5
3.423.5
1.691.3
1.031.4
433.4
960,8
820.5
318.3
584.4
1.740.3
325.3
440.4
250.5
797.7
120.7
258.0
1,210,9
280.8
416.9
5.383.8
2.814.5
144.5
1.798.4
543.2
406.3
262,2
6,805,7
43,5
164.0
500.3
571.7
293.4
1.050.4
849.4
543.1
493.3
618.8
370.4
393.7
313.9
649.3
253.3
198.8
352.9
194 2
793.3
Leant.
Specie.
Leoalt.
Deposits.
9
9
9
9
14.440.0
10.889.0
8,424,7
9.766.0
19,041,9
6.131.0
14.454.7
2.521.9
24.512.4
4.253.6
5,661,5
1.725.9
2.460.0
1.122.4
3.034.5
1.480.1
3.435.7
17.856.0
19.728.1
6,647.4
10.210.1
2.611.6
14.107.5
6.448.3
2.319.9
6.815.4
19.406.0
3.147.0
3.066.4
2.452.6
4.205.6
1.989.8
3.350.0
9.168.8
5.845.6
2.220.0
26.398.0
28.307.8
1.156.5
21,581,2
8,755,0!
5,135,0!
2.760.3
29.386.9
4.910.6
1,661,0
2.635.0
2.944.0
2.748.7
13,645,4
5,331,2
2.917.4
2.728.1
6.278.2
6.384.5
3, «24,3
1.841.0
4.627.5
2,3i:-,0
4.476.0
1.555.0
11.206.1
4.121.0
2.440.0
3.736.0
1 , 221,6
1.368.0
3.705.4
1.133.0
3.916.0
524.0
6.685.6
592.7
1.237.6
344.1
290.0
166.2
769.1
367.1
302.0
4.937.0
2.247.4
1.048.3
1.696.7
626,6
1.634.8
1.217.6
285.8
858.4
5.494.4
452.2
605.4
701.3
790.9
174.4
567.0
2.283.7
1.652.4
136.3
6.547.0
9.614.7
124.6
5.447.6
3.068.0
1.315.0
829.9
7.981.0
727.4
299.6
716.0
810.0
460.0
2.396.0
1.244.7
205.6
488.0
2.081.9
1,412,'
974,
312.7
1.260.8
382.0
817.0
196.0
1,057,6
837.0
1.300.0 14.370.0
1,13' ,0
1.565.7
863.0
1,96»,9
440.0
2.717.0
247.7
1.874.1
662.0
796.7
232,9
270.0
120,2
300.5
56,1
5* 4,2
1.892.0
3.649.0
382.1
1.335.8
507.8
2.978.7
823.5
253.8
469.2
785.9
808.3
204.0
693.6
387.8
326.8
425.0
264.0
150.6
388.4
3.627.0
2 121,2
129.6
2 009,7
658.0
286.0
291.2
1.325.8
683.5
296.7
185.0
237.0
202,4
2.253.9
187.7
806.3
462.6
434.9
248.7
532.6
234.6
321.9
226.0
663.0
203.0
2,003,5
277.0
13.056.0
9,355,9
8.646.0
20.818.4
6.346.0
18.025.4
2.792.8
26.099.3
6.031.3
5.610.2
1.877.2
2.420.0
1.071.1
2.910.4
1.596.7
2.997.1
17.773.0
16.650.3
4.954.7
11.368.4
3.282.9
16,47 6.8
7.178.8
3.017.7
6.245.1
22.163.1
3.132.0
8.305.5
3.366.8
4.390.0
2.103.0
4.073.0
9.441.6
6.979.7
2.160.0
30.656.0
35.910.5
968,6
24.231.8
11.117.0
6.144.0
3.661.2
31.440.6
6.233.0
1.725.7
3.029.0
3.604.5
2.536.3
16.416.9
5.792.4
3.589.2
3.360.7
7.872.8
6.327.8
4.549.6
l,9 f 6,9
6.507.9
2.454.0
5.324.0
1.385.0
12, 012,2
4.247.0
T toal....................... 50,872.7 6 M Ó L 9 480.880,0 1078143 52.140.1 531,938,8
New York City, Boston and Philadelphia Banks :
Capital dc
Surplus.
Loans.
Specie.
W. Y o r k .*
3 0 ....
Feb. 6 ... .
13 ...
«
2 0 - ...
27— .
$
125,380,6
125.380,6
125,380,6
125.380,6
125,380,6
it
453,582,7
460,653,6
466,291,3
476,571,0
480,880,0
$
1131826
1119922
1129355
1131521
1078143
F eb. 1 3 . ...
2 0 ....
2 7 . ...
F ilila .*
Feb. 18—
2 0 .—
1
27
Lroals. Deposits, t OircV'n OUar*n§t.
64,642.9 160,446,6 9,793,5
64,642,9 159.746,3 10,125,1
64,642,9 159,235,8 10,417,5
35,793,7
35,793,7
36,793,7
$
50.206,8
50.293.4
51,111.3
50,520.9
52,140,1
$
5,488,3
6,532,1
5,548,5
5,457,7
5,465,6
6,114,3 144,328,3 4,212,0
6,014,1 143,412,4 4,239.2
6,008,6 141,439,9 4,212,0
36,307,0
37,500,0
37,166,0
96,776,0
97,369,0
98,204,0
$
509.514.0
516,376.7
521,571,8
531,261,8
531,938,8
105.727.U 3,338,0
107,856,0 3,324.0
108,548,0 3,352,0
* W e omit two ciphers in all these figures. + Including, fo r B oston and
delnhia. the item “ due to other banks.”
P hils
City Railroad Securities—Brokers’ Quotations.
A tlantic A v .,B ’k ly n .S t’k. 108
Gen. M .,5 s,1 9 0 9 — A&O 100
Bl’ck erS t. & F ui. F.—Stk. 27
112
ls t m o r t ., 7s., 190 0 -.J & J ‘112
Sr’dw ay & 7 th A v .--S t’ k .. 195
l s t m ort., 5s, 1904 .J & D 104
2d m ort., 5s, 1 9 1 4 ...J & J 103
B’w ay ls t , 5 s, g u ......’ 24 104
2nd 5 s, int. as rent., ’ 05. 93
Brooklyn C ity—S to ck ....... 175
B ’ k lyn crosst’ n 5 s., 1908 108
Bkn.C’y & N ’n5s,1938 J& J 101
Central C rosstown—St’ k .. 135
l s t m ort., 6 s,1922.M & N 115
Cent. P k.N .& E .R iv .—Stk. 120
C onsols.7s, 1902 ...J & D 115
Ory D k.E .B .& B at’y —Stk. 116
ls t m o r t ., 7s, 189 3 ..J& D 100
BANKS.
A m erica.......
Am. E x o h ...
B o w e ry ........
B ro a d w a y...
Butchs’ & D r.
C entral.........
Chase............
Chatham —
Chemical . . . .
C ity...............
Citizens’ —
C olu m b ia ...
C om m erce...
D ep osit.
Bast RP
Llth W ard,..
Fifth A v e ___
F ifth............ .
B id.
30Ö
272
182
129
A sk.
312
280
188
136
152
165
1«3
130
251
189
135
150
200
2000
320
2500
. no
14th Street. 170
Fourth........ . 188
116
112
108
29
115
200
1C6
97
178
110
102
117
124
117
120
103
BANKS.
D ry D ock E . B ’y & B.—
Eighth A v .—S tock............
E ighth A v .—Scrip, 6a, 1914
42d & G r’nd St. F ’ry —Stk.
1st m ort., 7s, 1893. A & O
42d St. Manh.& S t.N .A ve.
1st m ort., 6s, 1910.. M&S
2d M „ in co m e ,6 s___ J& J
H on st.W .S t.& P .F ’y —Stk.
1st m ort., 7s, 1 8 9 4 ..J&J
Se -“ nd A v e .—S to ck .........
1st m ort., 5s, 1909. M&N
T hird A v e .—S t o c k ............
1st M „ 5s, 1 9 3 7 .... J&J
Tw enty-third St.—S to ck ..
ls t m o r t . 7s, 1893.......
Bid.
Ask.|
315
400
German A m . 120
German E x . 335 36Ò
Germania___ 335
G reenw ich .. 150
345
145
570
1*2
L ea th er M fs ’ 243 255
400
M anhattan... 180
M arket& F ul 220 225
M ech a n ics’ .. 189 190
180 220
M e rca n tile ... 222 2S0
M erchants’ . . 153% 155
M erch’ts E x . 123 125
M etropolitan 10% 11
M e tro p o lis... 400
Mt. M orris .. 250
M urray HU1. 300
1 assau.......... 165
N
___
_
BAN KS.
100
220
105
250
102
42
110
49
200
100
no
lOO
100
200
225
110
260
102
B id .
Ì09
106
45
112
51
... «
107
105
103
230
113
Ï04
A sk
234 240
N .Y . County. 600
N .Y .N a t.E x . 130
N in th ............ lu 7
115
la th W a r d .. 160
N. A m erica.. 166
230
190
310 326
290
125 135
P h e n ix ...120 123
R e p u h lio ___ 170 180
Seaboard _ 172 .........
_
•
•
S econ d.......... 325
150
Shoe& Leath. 125
St. N icholas. 112% 120
State o f N .Y . 108 115
T h ir d ............ 10fi% 105
Tradesm en’ s. 106
U niid States 200 --- --W e s te r n ....... 120 126
W e st S ide. 225
... ..
0
1
c
NEW
M arch
THE
5,1892.1
899
CHRONICLE,
BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
S h are P r ic e s — n o t P e r C e n tu m P r ic e s .
Active Stocks.
H Indicates unlisted
Saturday,
Feto. 27.
Monday,
Feb. 29.
Tuesday,
March 1.
39%
Wednesday,
March 2.
38% 38%
38% 39% 39% 89°s 38%
Atoll. T. & S. F e (B oston ).100
*4% 4%
*4%
4%
*4 %
A tlantic & P ac.
“
100
96% 96%
96% 96% 96% 96% 96% 97
Baltim ore & Ohio (Balt.) .100
132
132
1st preferred
“
100
120 120
2d preferred
“
100
204 206% 205 206
Boston & A lbany ( B oston) . 100 202% 202% 202% 203 *174% 175
174% 175
174% 175
B oston & L ow ell
“
100 174%175
165 166% 166 166%
165 165
L65
B oston & M aine
“
100 165
17
17
17
17
*16% 17
Central o f Mass.
“
100 *16% 17
*35
36
*34% 36
*34
36
35
35
P referred
“
100
104%104% 104% 105% 105% 105% 104% 105%
Ohic.Bur.&Quin.
“
100
78% 79
78% 78% 78% 80% 79% 79% *48
Chic. Mil. & S t.P . (Phil.). 100
48% 48%
48
48
48
Chic. & W .M ich. (B oston ).100 48
5%
*5%
6
8 *5%
*5%
5%
*5%
Cleve. & Canton
“
100
*19
*19
18%
P referred ___
“
100
87% 87%
87% 86 % 87
86% 86% 87
F itchburg pref. “ , 100
*23
*23 . . . .
25
25
FL & P ere Marq.
“
100
80
*79 . . . .
80
80
80
80
P referred
u
100
31% 32%
31% 31% 30% 31% 30% 31
H unt. & B r. Top. (Phila ) . 50
53%
51
52% 53
53
53% 53% 52%
Preferred
“
50
58% 58%
58% 59% 58% 59
58% 59
L ehigh V alley
“
50
....... 114% *........ 114%
M aine Central (B oston). 100 * ___ 114% *........ 114%
19% 19%
*19%
19% 20
M exican Central
“
100 *19%
50% 52% 52% 63% 51% 55%
ST Y. & N. Eng.
.
“
100 49% 49% 1 0 1 1 0 1 % 101 102
101 104%
100 100%
P referred ___
“
100
69
69
Northern Central (Balt.). 50
23% 23% 23% 23%
23% 23% 23% 24
N orthern P acific (Phila.) .100
66% 67%
67% 68% 66% 68
*67%
P referred ■
“
100
171 172
170% 170% 170% 170% 171
Old C o lo n y .... (Boston). 100 *170
54% 55
54% 55 I 54% 55
54% 55
P enn sylvania.. (Phila.). 50
38% 38% 38% 39% 38% 38% 38% 39
Philadel. & E rie.
“
50
2938 29% 29% 305ip 29%291'ie 29%29i3iPhila. & R eading
“
50
7%
7% ' ........
' ........
7
7
*6
Summit B ranch (Boston). 50
47% 47% 47% 46% 46%
46% 46% 47
U nion Pacific
“
100
'226 ----- -- 226% 226% "226 ........
United Cos.of N. J. (Phila.) 100 226% 226%
9
9%
9% 9%
9% 9%
*9% 9%
WeaternN. Y. &Pa(Phila.) .100
m is c e lla n e o u s S to c k s .
83% 83%
Am . Sug’ rRefln.H (Boston).......
93% 93%
P referrea.........
“
....
B e ll T elep h on e..
*
•
100 '209 210
33% 35%
Bost. & M ontana
“
25
13% 14%
Butte ¿ B o s t o n ..
“
25
260 260
Calumet & H ecla
“
25
65
65
Canton Co........... (Balt.). 100
49% 49%
Consolidated Gas
“
100
45% 46%
Brie Telephone (Boston) .100
Lam son Store Ser. “
50 *15% 16%
53% 54
L ehi’ hCoal&N av 'Phil.j 50
N .Eng. Telephone t Bost’n )100 *51% 52
16
16
North A m erican. (Phil.) .100
58% 59%
Them son-H’n E l .. ( Bost'n) 25
28% 29
P referred......... . **
25
18% 18%
West E nd L an d ..
“
—
* B id and asked prices; no sale was
Inactive Stocks«
Bid.
Thursday,
March 3.
38% 39
96% 96%
205 205
175 175
166% 166%
17
17
35
35
104%105%
78% 79%
48
48
5%
5%
19
19
87% 88
80
80
33
34%
53% 64%
58% 58%
. . . . . . 114%
19% 19%
51% 58%
103% 110
*69 ........
23% 23%
67% 67%
172 173
55
55%
39% 40%
29% 29%
6%
6%
46% 46%
'226
9%
9
85% 87% 86% 88
85
86
84
85
93% 93% 93% 93% 93% 94% 94% 94%
209% 209% 209% 209%
'209 210
209 209
35% 35% 36
34% 35% 34% 34% 35
15% *14% 15%
14% 14% 15
14% 15
"255 .........
260 260 "255 ...
260 260
67
*63
66% *65
' . . . . . . 66
* ...............
66
48% 49% 48% 49% 49% 49% 49% 51
46% 46%
46% 46%
*45% 46% 46% 46%
*16 ........
15% 15% 15% 15% *15% ...
54%
54
54% 54% 54% 54% 54% 54
53
53
*52
52% *51% 52
52
53
16
16
15% 15%
16
35% 15% 16
59% 59% 59% 59%
59% 59% 59% 60
28% 28%
28% 28% 28% 29
28% 29
18% 19
19
19% 18% 19
19
19
maile.
Ask.
Inactive stocks.
Bid.
Friday,
March 4.
Sales
of the
Week,
Shares.
Range of sales in 1892.
Lowest.
Highest.
38% 39% 27,361 37% Feb. 8 46% Jan, 4
4% Feb. 19 5% Jan. 5
115
4%
4%
415 84 Jan. 6 97 Feb. 25
96%
*96
130 Jan. 12 135 Feb. 15
134
‘ " I O 116 Jan. 18 120 Mar. 2
119 ......
286 199 Jan. 8 206% Mar. 1
205 205
74 173 Jan. 5 175% Feb. 4
175 175
413 159 Jan. 28 167% Mar. 4
166 167%
555 16 Jan. 4 18 Jan. 8
16% 17%
580 33 Jan. 2 38 Jan. 9
35% 35%
105% 106% 10,133 103% Feb. 24 110% Jan. 28
15,100 77 Feb. 11 83% Jan. 7
79% 80%
49
447 48 Feb. 25 53% Feb. 3
48
8 Feb. 12
5% Feb. 17
150
5%
5%
10 19 Feb. 20 23 Jan. 4
*19
81% Jan. 19 8 8 Mar. 3
854
87% 88
25 25 Feb. 29 25 Feb. 29
27 I
*24
100 75% Feb. 13 86% Jan. 16
80
80
33% 34% 10,569 25% Jan. 27 34% Mar. 3
9,342 46% Jan. 21 54% Mar. 3
54% 54%
9,978 50% Jan. 13 62% Feb. 11
58% 58%
115 Jan. 6 117 Jan. 16
115
1,326 18% Feb. 1 24% Jan. 4
19% 2 0 %
65,250 42% Jan. 2 58% Mar. 3
51% 53
5,518 97 Feb. 25 114% Jan. 9
101 105
115 68 Jan. 19 69 Jan. 25
70
*69
2,506 23% Mar. 1 26% Jan. 5
23%
23%
8,734 65% Jan. 19 72% Jan. 2
67% 68
132 164% Jan. 5 173 Mar. 3
172% 173
9,268 54% Feb. 19 57% Jan. 2
55% 55%
9,064 32 Jan. 29 40% Mar. 3
40
40 %
2 8 H ie 2 9 % 130,509 193 h Jan. 19 34% Feb. 11
7 Feb. 15
6 Feb
200
50% Jan. 4
5,710 44% Feb
46% 47%
225 Jan. 8 226% Feb, 27
15
'226
8 Jan, 19 10% Feb. 18
1,185
8%
8%
85% 86% 15,087 78% Jan.
1,248 90% Jan.
94% 94%
253 201 Jan.
209 209%
4,279 31 Feb.
35% 36
1,715 13% Feb.
14% 15
56 253 Feb.
255 260
25 60% Jan.
*63
66
2,390 43 Jan.
50% 51
44 43% Jan.
45% 45%
309 14% Feb.
*15% 16%
1,602 48% Jan.
53% 54
92 50% Feb.
52
52%
561 15% Jan.
*16 ........
3,807 49% Jan.
59
59%
1,045 26% Jan.
28% 29
9,098 16% Jan.
19
19%
Ask.
Bonds.
88% Jan.
7
94% Jan, 29
Jan. 15
210
40% Jan. 4
17% Jan. 5
267 Jan. 30
65% Feb. 15
51% Feb. 8
47 Jan. 7
17 Jan. 4
55% Feb. 15
53 Feb. 29
18% Jan. 2
62% Feb. 9
29% Feb. 9
19% Feb. 15
Bid. Ask.
Penna. Consol. 5s, r ........1919, Var 1113
Collat. Tr. 4% g ..........1913, J&D
3% 4
122
14% 15% Pa. & N. Y. C an al,7s...1906, J&D 113 115
95
Consol. 5s.................... 1939, A&O
B o n d s - B o s to n .
82% Perkiomen, 1st ser., 5s.1918, Q—J 103%
At.Top.&6.F.100-yr.4g.,1989, J&J
30
61% Pnila.& Erie gen. M. 5g.,1920, A&O 114
100 -year income 5 g., 1989.Sept. § 6Ì
9
“
50
Oatawissa..................
Gen. mort., 4 g ..........1920, A&O 100
JUS
Burl. & Mo. River Exempt 6s, J&J
1st preferred........
“
50 60%
Phila & Read, new 4 g., 1958, J&J 86 % 8 6 %
Non-exempt 6s............1018» J&J £
2d preferred..........
“
50 60%
1st pref. income, 5 g, 1958, Feb 1 75% 75%
Plain 4s........................1910, J &J
54 50
65%
ventral Ohio...............
(Balt.).
2d pref. income, 5 g, 1958, Feb. 1 65
Chic. Burl. & Nor. 1st 5,1926, A&O §103% 103%
58%
Chari. Col. & Augusta
“
100 23
3d pref. income, 5 g, 1958.Feb. 1 58
§103%
2d mort. 6s.................1918,. J&D
Connecticut & Pass. (Boston). 100 120
2d, 7s...........................1893, A&O 106
I Debenture 6s............. 1896, J&D §102 103
Connecticut R iver...
“
100 230
Consol, mort. 7s........ 1911, J&D 130%
93
§ 91
Chic. Burl.& Quincy 4s ..1922, F&A
Delaware & Bound Br.(P/wia.).100
Consol, mort. 6 g ........ 1911, J&1>
Iowa Division 4s.......1919, A&O § 92
Har.Ports.Mt.Joy&L.
“
50 80
ImprovementM.6 g., 1897, A&O 105%
Chic.&W.Mich. gen. 5s, 1921, J&D § 96% 97
45
104
Kan. C’y Ft. S. & Mem. (Boston). 100
Con. M.,5
Consol, of Vermont, 58.1913, J&J § 95% 95% Phil. Wilm. g.,stamped,1922,M&N t 96 100
117
“
100
Preferred................
& Balt., 4 s .1917, A&O
92%
Current River, 1st, 5S..1927, A&O
22
114
K. City Mem. & Birm.
“
100
Pitts. C. & St. L „ 7 s . . . . 1900, F&A
Det, Lans.&Nor’n M. 7s. 1907, J&J *
67%
Little Schuylkill....... (Phila.). 50 69
Po’keepsie Bridge, 6 g. 1936, F&A
£ astern 1st mort. 6 g., 1906, M&S £
108
Mauchester & Law.. (Boston). 100
Schuyl.R.E.Side.lst 5 g.1935, J&D
Eree.Elk. &M.V.,lst, 6S.1933, A&O
Maryland Central___
(Balt.) 50
Steuben.&Ind.,lstm.,os.l914, J&J 106
Unstampedlst,
-1^33, A&O SÌ20
70
Mine Hill & S. Haven (Phila.). 50 69
United N. J., 6 g ...........1894, £ £ 9 103
K.C. C.&Spring.,1st,5g., 1925,A&O &
NesquehoningVal....
“
50 52%
«
107% Warren & Frank.,1st,7s,1896,F&A 105
K. C. F. S. & M. oon. 6s, 1928, M&N ï
Northern N. H............. (Boston). 100
B on d s.—B a ltim ore.
K.C. Mem. & Bir.,1st,5s,1927, M&S *
North Pennsylvania. (Phila.). 50 83
1907, JfeJ 119% 120%
K.
C. St. Jo. & C. B., 7S..1907, J&J122% Atlanta & Chari., Ist7s,1900, A&O 1 0 1 % !........
Oregon Short Line... (B oston). 100 28% 29
*
Income 6s..................
L. Rock & Ft. 8., 1st, 7s. .1905, J&J *
Parkersburg...............
(Balt.) 50
Baltimore & Ohio 4g., 1935, A&O ...........¡102 %
Louis.,Ev.&St-L.. 1st,6g.1926, A&O
110
Pennsylvania & N. W. (Phila.) 50 46%
Pitts. & Conn., 5 g ...l9 2 5 , F&A
2m 2 __6 g .................... 1 9 3 6 , A & O § 92
-Raleigh & Gaston___ (Balt.) 100
Staten Island, 2d, 5 g.1926, J&J 95
Mar. H. & Ont., 6s...... 1925, A&O §100
4
Bal.&Ohio S.W.,lst,4%g.l990, J&J 103% 104
Rutland....................... (Boston). 100
§100
Exten. 6s.......- - -...... 1923, J&D
70
Preferred................
100 65
CapeF.&Yad.,Ser. A.,6g. 1916, J&D 98 1 98%
Mexican Central, 4 e . . .1911, J&J § 70% 70%
97%| 98%
Deaboard & Roanoke. (Balt.) 100
g
1916,
1st consol.incomes, 3 g, non-cum, § 35% 35% I Series B., 6 g ............... 1916, J&D 97%| 98%
1st preferred.......... .
“
100
Series C .,6 ...............
J&D
20
2d consol, incomes, 3s, non-cum,
W e stE n d ................. , (Boston). 50 73% 74
Cent. Ohio,4 % g . . ......1 9 3 0 , M&S 103%!
,120 121
Y. & N.Eng,, 1st, 7s, 1905, J&J
Preferred....................
“
50 86% 87% N.1st mort. 6s..............-1905, J&J 112%
Chari. Col.&Aug. 1st 7s. 1895, J&J 104% 105
104
West Jersey................. (Phila.). 50 56
Ga. Car. & Nor. 1st 5 g~1929, J&J 103 1
2d mort. 6s...............1902, F&A 105
West Jersey & Atlan.
“
50 15
North. Cent. 6s...............1900, J&J 112% 113%
2d mort., scaled, 5s.. 1902, F&A
17
Western Maryland..
(Balt.). 50 15
6s.................................. 1904, J&J 116 118
Ogden. & L. C., Con. 6s.1920,A&0<5
109% 109%
Wilm. Col. & Augusta
“
100 107
Series A, 5s..........
Wilmingt’n& Weldon
“
100
110% 0xf.&ciark.,int.gu.,6g.l937,M&N
Rutland, 1st," 6s........... 1902, M&N
Wisconsin Central. . (Boston). 100 18%
2d, 5s......................... 1898,E&A
Preferred............. ..
“
100 40
Piedm.& Cum.,1st, 5if. 1911, F&A 98 100
B o n d s .— P h ila d e lp h ia T(L_
Worc’st.Nash.&Roch.
“
100
Pitts. & Connells. Ist7s. 1898, J&J 114 114%
Allegheny Val.,7 3 10s, 1896, J&J 109%
MISCELLANEOUS.
M&S 116
Atlantic City 1st 5s, g., 1919,M&N 105 105% Virginia Mid., 1st 6 s ... 1906, M&S 115
1%
Allouez Mining........ (Boston). 25
2d Series, 6s................ 1911
Belvidere Del., 1st, 6s. .1902, J&D 111%
9%
Atlantic Mining........
“
25
3d Series, 6s...............1916, M&S 107%
Catawissa, M., 7 s ........ 1900, F&A 116%
City Passenger R R ... (B alt.). 25 70
4th Series, 3-4-5s.......1921, M&S 84%
Char. Cin.& Chic.lst 5g, 1947, Q—J
Bay State Gas............ (Boston). 50 28%
5th Series, 5s............. 1926, M&S 102% 103
119
Clearfield & Jeff., 1st, 6 s.1927, J&J
6
Boston Land.............
“
10
West Va. C. & P. 1st, 6 g.1911, J&J 109 110
Centennial M ining...
“
10 10 % 10 % Connecting. 6s........ 1900-04, M&S
West’- N.C. Consol. 6 g.1914, J&J
Fort Wayne ElectricT[
“
25 12 % 12 % Del. & B’d Br’k, 1st, 7s. 1905, F&A 109 129% Wilm. Col. & Aug., 6s.. 1910, J&D 119 119%
Franklin Mining.......
“
25 11% 12 % Easton & Am. lstM .,5s.1920, M&N 120
MISCELLANEOUS.
5 Elmir. & Wilm., 1st, 6S.1910, J&J. 103
4%
Frenchm’n’sBayL’nd
“
5
Balti more—City Hall 6s.1900, Q—J
Hunt. & Br’dTop,Con.5s.’95,A&O
Huron Mining...............
“
25
Funding 6s..................1900, H T t 115% .........
Lehigh Nav. 4%s...........1914, Q—J 109
Illinois Steel II...............
“ 100 77
West viaryl’d RR. 6s. .1902, J&J
2d 6s, gold.................. 1897, J&D 110% 111
10% 10 %
Kearsarge Mining___
“
.2 5
Water 5 s ................... 1916, M&N 126 127
101%
General mort. 4%s, g.l924,Q —F
112
Met. Trac. Co.............. (Phila.) ....... t i l l
114% Funding 5s................ 1916, M&N 1 1 6 126%
Lehigh Valley, 1st 6s...1898, J&D
76
102 102%
M orris Janal gu ar. 4. (Phila.). 100
Exchange 3%s.................... 1930,J&J
2d 7s........ . . ................1910, M&S 133
P r e fe r r e d gu ar. 10
“
100 198
71% 72
Virginia (State) 3s,new. 1932, J&J
Consol. 6 ..................... 1923, J&D 129%
27% 28
Osceola Mining.......... (Boston ) . 25
Chesapeake Gas, 6s....... 1900, J&D 108 109
North Penn. 1st, 7s---- 1896, M&N 113 114
Pullman Palace Car..
“
100 188 189
112% 113%
Consol. Gas, 6s........................ 1910,J&D
Gen. M. 7s................... 1903, J&J 127
Quincy Mining..........
“
25
5a........ ......................... 1939, J&J 99% 100
Pennsylvania gen. 6s, r..l910, Var 131
Tamarack Mininsr... .
“
25 155 159
122% Equitable Gas, 6 s...j,.. 1913, A&O 110 |110%
Consol. 6s, c
........... 1905, Var
60
Thomson Ele. Weld’g.
“
100 55
i Last price this week.
H Unlisted. § And accrued intere st.^
Prices o f March 4.
Atlanta & Charlotte (B alt.).100 x 90_
Boston & Providence (Boston) .100 252%
Camden & Atantio pf. (Phila.). 50 25
Thom.Europ.E.Weldlf (Boston) 100
“ 100
Water Power................
Westing. El. tr. rec.1I
“
50
400
THE CHRONICLE
[ V o l . L IV ,
NEW YORK STOCK EXCHANGE PRICES (Continued).—AC2JF27 BONDS M ARC H 4 , AND FOR YEAR 1 8 9 2 .
OloPng Range (sales) in 1892.
R a il r o a d and M iscel . B onls . Interest Price
P eriod. M ar. 4
Lowest.
Am er. Cotton o il, deb., 8 g.1900 Q - F 109
107% Jan.
A t.Top. <feS,F.—10 0-yr., 4 g . 1989 J & J 82%
81% Feb.
61
100-year incom e, 5 a ....... 1989 Sept.
58% Feb.
12%a. 71% Mar.
A tl. < P ac.—W.D. inc., 6 s .1910
&
fe
Guaranteed, 4 g .............. 1937 J < J *71%b. 12 Feb.
&
B rookl’n E levat’ d 1st, 6, g .19 24 A < O 115%b. I l l Jan.
Can. South.—1st guar., 5s 1908 J «fe J 107%b. 105% Jan.
fe
2d, 5s.................................. 1913 M < 8 102% 101 Jan.
77
74% Jan.
Cent. Ga-.—S < W. 1st con.5s,’ 29
&
Central o f N. J.—C ons.,7s. 1899 Q - J 117%b. 115 Jan.
Consol., 7 s ........................ 1902 M«fe N 122 b. 120 Jan.
&
General m ortgage, 5 g ..l9 8 7 J < J 112
109% Jan.
Leh. «feW.B., co n ., 7 s, as’ d . 1900 Q—M 109%b. 109% Jan.
do. m ortgage, 58.........1912 M «fe -N *100 b. 94 Jan.
&
Am. D ock < Im p-, 5 s___ 1921 J < J* 107 %a. 105% Jan.
fc
&
Central Pacific—G o ld ,6 s.. 1898 J < J I10%b. 109% Jan.
fe
Ches. «fe Ohio—M ort., 6 g -.1 9 1 1 A < O 119 a. 115% Jan.
1st consol., 5 g ................. 1939 M «fe N 104% 103% Jan.
fe
R.«feA.Div.,lst con .,2 -4 g .l9 8 9 J < J 77%
76 Jan.
do 2d con ., 4 g . . . 1989 J «fe J 80 a. 75% Jan.
&
Chic. Burl. < Q.—C on .,7s. 1903 J < J 123
&
121% Jan.
&
Debenture, 5s................... 1913 M < N* 103 %a. 101 Jan.
&
Convertible 5s..................1903 M < g 108 b. 107% Mar.
F < A 91%b. 91% Feb.
fc
D en ver D ivision, 4 s ....... 1922
N ebraska E xtension, 4 s . 1927 M «fe N 87 b. 89 JaD.
Chic, «fe E. 111.—1st,s .f.,6 s .1907 J «fe D 114 b. 112% Jan.
fe
Consol.. 6 g ........................ 1934 A < O 122 b. 122 Jan.
fe
General consol. 1st, 5 s ..1937 M < N 102%
97 Jan.
fe
C hicago «feErie—1st, 4-5 g.1982 M < N 102%
97% Jan.
Incom e, 5 s....... .................1982 Oct’b ’r 53%
48 Jan.
Chic. Gas L. <feC.—1 s t ,5 g.1937 J «& J 89%
86 Jan.
fe
Chic.M il; <&St.P.—Con.7s.1905 J < J 128
125% Jan.
&
1st, Southwest D iv., 6s. 1909 J < J 113 b. 112% Jan.
&
1st, So. Min. D iv., 6s___ 1910 J < J 118 b. 113% Jan.
&
1 st,Ch.«fcPac. W .Div., 5 s .1921 J < J 106% 106 Jan.
&
Chic. «feMo.Riv.Div., 5 s .1926 J < J 101%b. 100% Jan.
fc
W is. < Minn. Div., 5 g ..l9 2 1 J < J 105% 103 Jan.
fe
fe
Term inal, 5 g ................... 1914 J < J 104%b. 103 Jan.
fe
Gen. M., 4 g ., series A . . . 1989 J < J 88%
86% Jan.
fc
Mil.«fe. N or.— j st, con., 6S.1918 J < D 113%b. 111% Jan.
Chic. <&N.W.—Consol., 7 s .. 1915 Q - F 137 b. 137 Feb.
fe
Coupon, gold, 7 s .............. 1902 J < D 125 b. 123% Jan.
Sinking f und, 6s.............. 1929 A & 0* U83sb. 116 Jan.
fe
Sinking fund, 5s.............. 1929 A < 0 109 b. 108 Jan.
Sinking fund deben., 5 s .1933 M < N 107 b. 105% Jan.
fe
25-year debenture, 5 ___ 1906 M<& N 106 b. 104% Feb.
&
E xtension, 4 s...................192t F < A 98
96 Jan.
fe
Chic. P eo. & St. Louis—5 g . 1928 M < S 96
96 Mar.
fe
C hic.R .I. < Pac.—6s, c o u p .1917 J « . J 124
fe
121 Jan.
fc
E xtension and c o l.,5 s ...1934 J < J 102% 101% Jan.
&
30-year debent. 5s.......... 1931 M < S 94%b. 95 Jan.
fe
Chic. St.L.<&Pitt.-Con.,5g. 1932 A < O 105 b. 105 Jan.
fc
Chic. St. P. M. <feO.—6s___1936 J < D 120% 120 Feb.
Cleveland < Canton—5 .. .1917 J «fe J 90 b. 88 Jan.
&
fc
C. C. C. < I.—Consol., 7 g.1914 J < D *128 b. 128% Jan.
&
&
General consol., 6 g ....... 1934 J < J 121% 118% Jan.
&
C.C.C.&St.L.—Peo. <&E.4s. 1940 A < O 80 b. 80 Jan.
Incom e, 4 s........................1990 A pril. 32
30% Jan.
fc
Col. Coal < Iron—6 g .........1906 F < A 1 0 1 % 101 Feb.
fe
Col. Midland—Con., 4 g .,.1 9 4 0 F «& A 7034
70 Mar.
Col.H.Yal.«feTol.—Con., 5 g . 1931 M < S 88%
&
87% Jan.
fc
General, 6 g ...................... 1904 J < D 96 %b. 93 Jan.
fe
D enver < R io G.—1st, 7 g.l90< M < N 117%b. 1163 Jan.
&
4
1st consol., 4 g ................. 1936 J < J 81%
&
7734 Jan.
&
D et.B . City < Alpena—6 g.1913 J < J 76 b. 70 Jan.
&
Det. M ac. < M.—L ’d grants .1913 A «fe 0 38 b. 38% Jan.
&
fe
Dul. < Iron Range—5s___ 1937 A < 0 *100 b. 95 Jan.
fc
Dul. So. Sh. < A tl.—5 g . .. .lOBI J < J *95 b. 95% Jan.
fc
fe
E .T enn .V <&G.—Con., 5 g .l9 5 t M < N 96 a. 96 Jan.
&
fc
K n oxville < Ohio, 6 g,..192E J < J 100 b. 104 Jan.
fe
&
Eliz. L ex. «feBigSan.—6 g .19 0; M < S 83%b. 82 Jan.
F t. W. & D env. City—6 g.,1921 J < D 101%
fe
98% Jan.
Gal.H.&San A n .-W .D iv.lst,5 g. M '«fe -N 97 b. 963g Jan.
Han. «fe St. Jos.—Cons., 6s. 1911 M «fe S 116%a. 116% Mar.
Illinois Central—4 g ...........1952 A < O lOOSgb. 96% Jan.
fe
Int. < Gt. No.—1st, 6 g ___ 1919 M < N 125 b. 118 Jan.
fc
fe
Coupon, 6 g., trust rec..l90fc M < S 78 %b. 76 Jan.
&
Iow a Central-.1 st, 5 g ....... 1938 J «fe D 94%
89% Jan.
K entucky Central—4 g ___ 198r J < J 83%b. 81 Jan.
.
&
Kings*Co. E l.—1st, 5 g ___ 1925 J < J 98 %a. 97% Feb.
&
L aclede Gas—1st, 5 g .........1919 Q - F
81%
81 % Feb.
Lake Erie < W est.—5 g ___1937 J «fe J 109 b. 107% Jan.
&
L . Shore—Con. cp., 1st, 7 s .190«. J «fe J 121
120 Jan.
Consol, coup., 2d, 7 s ....... 1903 J & D 123% 121% Feb.
L ong Isl’ d—1st, con., 5 g ..l9 3 1 Q - J 115 a. 114 Feb.
General m ortgage, 4 g . . 1938 J < D 93%
fc
91 Jan.
Louis, «fe Nash.—Cons., 7 s .1898 A < O 114% 114 Jan.
&
N.O. < Mob. 1st, 6 g ....... 193e J < J 11834b. 117% Jan.
&
fe
do.
2d, 6g".........193( J < J 108 b. 108 Jan.
fe
General, 6 g ...................... 1936 J < D 115 b. 115% Jan.
fc
Unified, 4 g ...................... 194« J < J 80 a. 78% Jan.
fe
Nash.Fi.&Sh.—1st gtd .5 g ’ 3 F < A 97 b. 98 Feb.
fe
Louis. N.A. < Ch.—1st, 6s. 1916 J < J
&
fc
10878 Jan.
Consol., 6 g ...................... 1916 A «fe 0 102%b. 100% Jan.
Louis. St. L. «fcTexas—6 g.1917 F < A 93
fe
87% Jan.
M etro. E levated—1st, 6 g.1908 J < J 117 b. 113% Jan.
fc
2 d ,6 s .................................. 1899 M«fe N *108 b. 105% Jan.
M ich. Cent.—1 st,c o n .,7 s ..1902 M «fe N 123 b. 121% Jan.
Consol., 5s ...................... 1902 M«fe N 106 b. 106% Feb.
M il.LakeSh. <feW.—1st,6 g .1921 M «fe N 124 b. 123 Jan.
E xten . < Im p., 5 g .........1929 F < A 102 %b. 106 Jan.
&
fe
M . K. & T.—1st 4s, g .........199« J «& D 80%
79% Jan.
2d 4s, g ................. .........1990 F «fe A 49%
46% Jan.
M o. Pacific—1st, con., 6 g.1926 M < N 107 b. 107 Jan.
fe
8 d ,7 s.................................. 1906 M «fe N 114 b.i 112% Jan.
P ac. o f M o.—1st, ex., 4 g . 1936 F < A 98 a.I 98% Feb.
&
2d extended 5 s ______1938 J «fe J 105 %a. 10238 Jan.
N ote —“ b ” indicates price bid ;
“ a”
R a il r o a d
H ighest.
111% Jan.
84 Jan.
66% Jan.
74 Jan.
14% Jan.
115 Feb.
107% Feb.
104% Feb.
85 Feb.
117% Mar.
122 J n.
1123b Feb.
111% Feb.
98% Feb.
108 Feb.
110% Jan.
119 Feb.
106 Jan.
78 Jan.
79 Jan.
123% Feb.
103% Jan.
114 Jan.
91 % Feb.
91% Feb.
115 Feb.
122% Jau.
102% Feb.
102% Feb.
53% Feb.
91 Feb.
128% Feb.
114% Feb.
116 Feb.
107% Feb.
102% Feb.
10534 Feb.
105 Feb.
89 Feb.
114 Feb.
140 Jan.
125 Feb.
118 Jan.
109% Feb.
107% Feb.
106 Feb.
100% Jan.
99% Feb.
124 Feb.
103 Feb.
98% Feb.
105% Feb.
121 Jan.
93% Mar.
130 Jan.
121% Mar.
83 Feb.
34% Feb.
103% Jan.
74 Jan.
92% Feb.
96 Feb.
117% Feb.
81% Mar.
80 Feb.
42% Jan.
98 Jan.
96% Jan.
100 Feb.
108 Jan.
92 Jan.
102 Jau.
97% Feb.
11838 Feb.
102% Feb.
125% Feb.
82 Jan.
96 Feb.
100
Jan.
Ill
121%
123%
115
94%
115
119
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
116
80%
101
Ill
103
Jan.
Jan.
Jan.
Feb.
Feb.
11838 Feb.
109 Feb.
123% Jan.
107 Jan.
81% Feb.
108% Feb.
an d
Bid.
100 Jan.
106 Feb.
price asleed; the R ange is m ade up from aotual sales only.
Ask.
SECURITIES.
B. «fe O. S. W., 1st, g., 4 % s ...l9 9 0
M on. Riv., 1st g., g. 5s.......1919
Railroad Bonds.
Cent’lO h io Reor.—1st, 4 % s.l9 3 0
( Stock E xchange P rices.)
Bost. H. Tun. & W.—Deb. 5 s .1913
Alabama M id.—1st, g., 6 s ___ 1928
90
Brooklyn Elevated—2d, 3-5S.1915
A tlantic & D am .—1st g., 6 s ..1917
62
Buff. R och, «fe Pitts.—Gen., 5s.l937
A tl. «fe Pac.—2d W'. D., gu. 6s,. 1907
R och, «fe Pitts.—1st, 6 s.........1921
Bfelt. & Ohio—1st, 6s, Park B .19 19 *117
do
Consolidat’d ls t ,6 s .l9 2 2
6s, g eld ....................................1925 108
Burl Ced. Rap. «&No.—1st, 58.1906
Cens, m ort., g o li. 5s............ 1988 108
Consol. < cetlat. trust, 5 s. . . 1934
fe
1a « price Friday; these are the latest quotationsjm ade (h is week.
[Oios’ ng Range (sales) in 1892.
Price
!Period. M ar. 4
Lowest. I Highest,
Mobile < OMo—New, 6 g ..l 9 2 7 J «fe I> 115 b. 112 Feb.
fc
General m ortgage, 4s ..1 9 3 8 M < 8 63*s
fe
63 Feb.
Nash. Ch. < St.L.—1st, 7 s.l9 1 3 ;J < J 127 b. 126% Jan.
fc
&
Con., 5 g ............................ 1928 A < O* 105 kb. 103% Jan.
fe
N.Y. Central—E xtend., 5 s.1 8 9 3 M < N 103 b. 101% J »n.
&
1st, cou p on ,7 s..............,1 9 0 3 ;J < J 125% 123% Jan.
fe
D eben .,5s,cou p ., 18 84.. 1904|M < 8 107 b. 08 % J an.
&
N. Y. < Harlem—7 s ,r e g .l9 0 0 M < N 12214 b. 120% Jan.
&
&
R. W. < Ogd.—Con., 5s".. 1922 A & o 114
fe
112% Jan.
N. Y. Chic. < 8t. L .—4 g . .. 1937 A & O 98
&
95 Jan.
N. Y. Elevated—7 s ...............1906 J < J 114123. 112 J an.
fe
N .Y . Lack. < W.—1st, 6 s .. 1921 J & J 26 b. 125 Jan.
fe
Construction, 5 s .............. 1923 F & A 108 b. 110 Jan.
N.Y.L.E.«&W.—lst,con .,7 g .l9 2 0 M & S
1 3? % Jan.
fc
Long D ock, 7 s ..................1893 J < D 104%b. 104% Jan.
Consol., 6 g ..................... 1935 A & O 120 b. 119% Jan.
2d consol., 6 g ..................1969 J & D 107%
06 % J an.
N. Y . Ont. < W.—1st, 6 g ..l9 1 4 M & S 111% 111% Mar.
fe
Consol. 1st, 5 g ................ 1939 J & D 103% 100 J:-n.
& J 105
N. Y.8us.«feW.—1st ref., 5 g.1937
103 Jan.
Midland o f N. J., 6 g ___ 1910
& O 119
116% Jan.
Norf. < W.—100-year, 5 g.19 90
fe
< J
fc
95 Jan.
& J 9158a. 91 Feb.
Md.«feWash. D iv .-ls t ,5 g.1941
North.Pac.—1st,coup., 6 g . 1921
< J 117%
fe
115. Jan.
General, 2d, coup., 6 g ..l9 3 3
& O 115 b. 112% Jan.
& D 109%b. 107 % Jan.
General, 3d, coup., 6 g ..l9 3 7
& D 79
Consol. m o r t .,5 g ............ 1989
7 . % Jan.
& O 81%
Chic. < N .P .—1st, 5 g ...l 9 4 0
&
78% Jan.
North. Pac. «feMon.—6 g . . . l 9 3 s M & S 1 0 0 % 100% Mar.
North. Pac. Ter. Co.—6 g .,1 9 3 3 J «fe J 107%b. 105 .Tao.
Ohio «feMiss.—Cons. s.f.,7s .1898 J «fe J 1 1 1 % 111 Jan.
Consol., 7 s .........................1898 J «fe J 1114 b 110% Jan.
Ohio Southern—1st, 6 g ...l9 2 1 J «fe D 109%b. 106 Jan.
General m ort., 4 g .........1921 M «fe N 64%a. 62 Jan.
Omaha < St. Louis—4 g ..1 9 3 7 J «fe J 57 b.
fe
Oregon Im p. Co. 1st, 6 g . 1910 J «fe D 103%
101% Jan.
Consol., 5 g ....................... 1939 A «fe O 70
65% Jan.
Ore.R.«feNav Go.—1 st,6 g . 1909 J «fe ¿ ..I I I b. 109% Jan.
Consol., 5 g . . ..................... 1925 J «fe D 04 %a. 94 Jan.
Pa. Co.—4% g., cou p on ___1921 J «fe J|1065ga. 105% Jan.
Peo. Dec. «feEvansv.—6 g ..l9 2 0 J «fe J 110 a. 110 Feb.
Evansville D iv., 6 g ___1920 M «fe S 102 b. 02 Mar.
Î
2d m ort., 5 g ..................... 1926 !V «fe N *69%b. 69% Jan.
Phila. < Read.—Gen., 4 g.1958 J «fe J 86 %
fe
83% Jan.
1st pref. incom e, 5 g ....... 1958 Feb.
76
69% Feb.
6 4 5g
2d pref. incom e, 5 g ....... 1958 Feb.
53% Feb.
3d pref. incom e, 5 g ....... 1958 Feb.
58
3
Jan.
Pittsburg < Western—4 g.1917 J «fe J 83%
fc
80% Jan.
Rich < Danv.—Con., 6 g .. 1915 J «fe J l l l % a . 1« 9% Jan.
&
Consol., 5 g .........................1936 A «fe O 83%b. 82 Jan.
Rich.«feW.P. Ter.-Trust,6 g. 1897 F «fe A 95%
91 Jan.
Con. 1st «& col. trust, 5 g.1914 M «fe S 64
62 Mar.
Rio G. W estern—1st, 4 g l . 1939 J «fe J 79
76% Jan.
8t. Jo. < Gr. Island—6 g ..l9 2 5 M «fe N 97%
fe
95 Jan.
St. L. Alt. < T. H.—1st, 78.1894 J «fe J 107 b. 108 Jan.
&
St. L. <feIronMt.—1 st7 s ... 1892 F «fe A 101%b. 101 Feb.
2d, 7 g ................................. 1897 M «fe M *109 b. 108 Jan.
Cairo Ark. < Texas, 7 g . .1897 J «fe D 107 b. 05 Jan.
&
Gen. R’y < land gr.,5 g .,1 9 3 1 A «fe O 85%
fc
85 Feb.
St.L. «feSan Fr.—6 g., G l.fi. 1900 M «fe N 113%b. 112 Jan.
6 g., Class C..................... 1906 M «fe N 113%
112 Jan.
General m ort., 6 g .......... 1931 J «fe J 107%b. 106% Jan.
St. L. So. West.—1st, 4s, g . . 198b M «fe N 71
70% Feb.
2d, 4s, g., in c o m e ............. 198b J «fe J 32 %b. 32% Feb.
S.P.M.«fcM.—Dak. E x ., 6 g.1910 M «fe N 118 b 16% Jau.
«fe J 119 b. 118% Jan.
1st consol., 6 g ................. 1933
«fe J 99%
do
reduced to 4% g ...
97 Jan.
«fe D 89
Montana Extension, 4 g.1937
87% Jan.
«fe J 66%a. 65% Feb.
San A. < Aran. P .—1st, 6 g . 191t
fe
«fe J 62 b. 61 Jan.
1st, 6 g ............................... 1926
«fe A *93%b. 92 Feb.
Seattle L.S.«feE.—lst.g u . 6.1931
So. Car.—1st, 6 g .,e x cou p . 1926
*108 b. 107% Jan.
In com e,6s.......................... 1931
16 b. 16 Feb.
So. Pac., Ariz.—6 g ....... 1909-16 J «fe J *103 a. 101 Feb.
So. Pacino, Cal.—6 g . . . .1905-11 A «fe O 116 b. 112% Jan.
1st, consol., gold, 5 g ___ 193b A «fe O 9o%
99% Mur.
J «fe J 103% 101% Jan.
A «fe O 93 a. 89 Feb.
Birm. Div., 6 g .................. 1917 J «fe J 92 a. 91 Jan.
'ex. «fe Pac.—1st, 5 g ........... 200« J «fe D 81
77% Feb.
2d, incom e, 5 g .................. 200( March. 32%
27 Feb.
’ol. A. A . < N. M.—6 g ....... 192* M «fe N 101 b. 00% Jan.
&
«fe J 110 a. 110 Mar.
’ol.A . A. «feGr.Tr.—6 g . . . . l 9 2 i
«fe J 104%b. 102% Jan.
'ol. < Ohio Cent.—5 g ....... 1935
&
«fe J *78%b. 77 Jan.
«fe D 96%
91 Jan.
«fe J*j 112%b. 11038 Jan.
Jnion Pacific—6 g ................1899
Sinking fund. 8s................ 1893 M - «fe S 106
106 Mar.
Collar, trust 4*2................ 19L M «fe Ni 73
70% Jau.
Gold 6s, col. trust notes. 1891 F & A 96
95% Jan.
Kan. P a o-D en . D iv .-6 g.1891 M «fe N 109 b. 109 Feb.
1st consol., 6 g ................191b M «fe N 111 b. 108% Jan.
«fe A 105
Oregon Short Line—6 g .,1 9 2 .
105 Feb.
Or.S.L. <feUt’hN.—Con. 5 g.1919 A «fe O 82%a. 80% Jan.
U.P.Den.«fc Gulf con. 5 g.1931 I «fe D 75 b. 75% Feb.
- Inion Elevated—6 g .........1937 M «fe N 113% 110 Jan.
M «fe N 78 %b. 78 Jan.
do
stam ped g u a i. M «fe N 80 b. 80% Jau.
M- «fe N 104% 103% Jan.
2d m ortgage, 5 g ............ 1939 F «fe A 80% I 80% Mar.
Debent. M., series B ....... 1939 3 «fe J 44 b. 42 Feb.
' fest Shore—Guar., 4 s ....... 2361 J «fe J 103 s8 ¡101% Jan.
fest. N. Y. < Pa.—1st, 5 g.1937 J «fe J 100%
fc
99 Jan.
2d mort., 3 g .,5 s c ...............1927 A «fe O 33 b.! 32 Feb.
100% Jan.
fest. Un. Tel.—Col. tr., 5s.l93& J «fe J 102
- fis. Cent. Co.—1st, 5 g ...... 1937 J & J 90 b.; 92 Jan.
37 b.' 36 Mar.
Incom e, 5 g ........................ 1937
NEW YORK STOCK EXCHANGE PRICES-CContinued).—
SECURITIES.
M is c e l . B o n d s . 1
Inter’ si
104% Feb.
71% Jan.
I ll
Feb.
96 Feb,
107% Feb
110 F eb
108 Jan.
71 Feb.
90 Feb.
79 Feb.
72 Feb.
67 Feb.
84 Feb.
112 Jan.
85 Feb.
100 Feb.
72% Feb.
7938 Mar.
97% Mar.
108% Jan.
104% Jan
109% Feb.
108 Mar.
86% Jan.
114 Feb.
113% Feb.
110 Jan.
72% Jan.
37% Jan.
118 Feb.
121 Jan.
99% Mar.
89% Mar.
66% Mar.
65% Feb.
95% Feb.
108% Jan.
22 Jan.
103% Jan.
115% Feb.
100% Jan.
103% Mar.
94 Feb.
93% Feb.
84 Jan.
33% Jan.
104 F eb.
110 Mar.
106 Feb.
78% Feb.
97% Feb.
11238 Feb.
110% Feb.
74%
100
111
Ill
108
83%
77%
113%
85
87
106
85
50
104
101
35%
104
93%
42%
Jan.
Jan.
Feb.
Feb.
Jan.
Feb.
Jan.
Feb.
Feb.
Feb.
Feb.
Jan.
Jan.
Feb.
Feb.
Feb.
Feb.
Jan.
Jan.
* Latest price this week.
CTIVE BONDS—M ARCH 4 .
Bid. Ask.
'103
116% Feb.
67% Jan.
129 F eb.
106 F eb
103% Feb.
126 Mar.
110 Feb.
122% Feb.
115 F eb.
99 Feb.
114 Feb.
127 Jan.
110 Jan.
138% Feb.
104% Feb.
121 Feb
107% Jan.
116 Jan.
104 Jan.
105 Feb.
119 Mar.
95 Jan.
95 Jan.
118% Mar.
116% Mar.
109 Feb.
80% Jan.
82 Feb.
103 Feb.
107 Jan.
112% Feb.
112% Feb.
109% Feb.
66% Feb.
104
100
'100
91
87
97% 100
117
116 117
102 % 102 %
96
SECURITIES.
Bid.
Burl. Ced. Rap.«fe No.—(Contin’ d)—
Minn, «fe St. L.'— 1st, 7s, g ii.. 1927
Iow a C. < West.—1st, 7 s___ 1909
fe
98
Ced. Rap. I. F. «fe N., 1 s t , 6 S .1 9 2 9 100
1st, 5 s ............................... ..1921
C.Ohio— Jol. <&Cin.M.lst,4%s.l939
lent,. B R . < Bank.—Col. g.5s. 1937
&
Chat.Rome<&Col.—Gtd g .5 s .l9 3 7 * 8 4
Sav. «feW est.—1 st con. gtd. 5s. 1929
75
lent, o f N. J.—Conv. deb., 6s. 1908
Ask.
95
90
90
I 78
THE
March 5, 1892.]
CHRONICLE.
401
NEW YORK STOCK EXCHANGE PRICES.— IN ACTIVE BONDS—fC o n tin u ed )-M A R C H 4 .
SECURITIES.
■ antral Pacific—Gold bds, 6s, 1895
Q
Gold bonds, 6s......................1896
Gold bonds, 6s......................1897
San Joaquin Br., 6s..............1900
Mort. gold 5 s . .. . . ................. 1939
Land grant, 5s, g.................. 1900
West. Pacific—Bonds, 6s___1899
No. Railway (Cal.)—1st, 6s.1907
50.year 5s.......................... 1938
Ohes. & O.—Pur. M. fund, 6S.1898
6s, gold, series A .................. 1908
Ghes. O. & So. W est—1st 6s, g.1911
2d, 6s......................................1911
Chicago & Alton—1st, 7s.......1893
Sinking fund, 6s.................. 1903
Louis. & Mo. River—1st, 7S.1900
2d, 7s.................................. 1900
8t. L. Jacks. & Chic.—lst,7s.l894
1st, guar. (564), 7s............ 1894
Miss.R. Bridge—1st, s. f., 6S.1912
Ohio. Burl. & Nor.—Deb. 6s. ..1896
Ohio. Burling. & Q.—5s, s. f..l9 0 1
Iowa Div.—Sink, fund, 5 s ..1919
Sinking fund, 4s.................1919
Plain, 4s................................. 1921
Ohio & Indiana Coal—1st 5s. 1936
Ohi. Mil. & St. P.—1st,8s,P.D. 1898
2d, 7 3-10s, P. D .................. 1898
1st, 7s, $ g., R. D .................. 1902
1st, La Crosse Division, 7s.1893
1st, I. & M., 7s......................1897
1st, I. & D., 7s......................1899
lst,C . & M „ 7s......................1903
1st, I. & D. Extension, 7 s ...1908
1st, La C. & Dav., 5s........... 1919
1st, H. & D., 7s.................... 1910
1st, H. & D., 5s.................... 1910
Chicago & Pacific Div., 6s.. 1910
Mineral Point Div. 5s..........1910
C. & L. Sup. Div., 5 s............1921
Fargo & South., 6s, A ssu...l924
Inc. conv. sink, fund, 5s___1916
Dakota & Gt. South., 5 s... .1916
|Mil. & Nor. main line—6 s... 1910
Oalc.&N.W.—30 year deb. 5s, 1921
Escanaba & L. S. 1st, 6s___1901
Des M. & Minn.—1st, 7s. ...1907
Iowa Midland—1st, 8s........ 1900
Peninsula—1st, co n v .,7 s ...1898
Chic. & Milwaukee—1st, 7s. 1898
Win. & St. P.—2d, 7s............ 1907
Mil. & Mad.—1st, 6s............1905
Ott. C. F. & St. P.—1st, 5s.. 1909
Northern 111.—1st, 5s.......... 1910
C.R.I.&P.-D.M.&F. D. 1st 4s. 1905
1st, 2*ss.............................. 1905
Extension, 4s.................... 1905
Keokuk & Des M.—l st, 5s.. 1923
Ohio. St. P & Kan. City—5s.. 1936
Minn. & N. W.—1st, g „ 5s.. 1934
Ohio. St. P. & Minn.—1st, 6s. ..1918
St. Paul &S. C.—1st, 6s.......1919
Ohio. & W. Ind.—1st, s. f., 6s.1919
General mortgage, 6s.......... 1932
O n Ham. & D.—Con. s. f., s.1905
2d, gold, 4*28.........................1937
O n. Jack. & Mac.—1st, g., 5s.1936
Olev. Ak. & Col.—Eq. & 2d 6s.l930
O.C.C. & St. L., Cairo div.—4s, 1939
St.Lou.Div.—Istcol.ts’t4s,g.l990
Spring.&Col.Div.—lst,g. 4s. 1940
WhiteW.Yal.Div.—1st,g. 4s. 1940
O n. I. St. L. & C.—lst,g.,4s.l936
Consol, 6s..............................1920
Cln.San.&Cl— Con. 1st,g.5s,’ 1928
O.Col. Cin. & Ind.—1st, 7s,s.f.l899
Consol, sink, fund, 7s..........1914
Oleve. & Mah. V.—Gold, 5 s... 1938
Colorado Midland—1st, g., 6s.l936
Columbia & Green.—1st, 6 s.. .1916
2 d ,6s...................................... 1926
Del. Lack. & W.—Convert. 7s,1892
Mortgage 7 s ......................... 190 7
Syra. Bing. & N. Y.—1st, 7s. 1906
Morris & Essex—1st, 7s___1914
Bonds, 7s.....................
1900
7s of 1871......................... !l901
_
& rM 7s............1915
u&
Del. & Hud. Can.—Coupon 7s,1894
Pa. Div., coup., 7s............... 1 9 1 7
Albany & Susq.—Ist,gu.,7s.l906
1st, cons., guar., 6s..........1906
Rens. & Sar.—1st, coup., 7S.1921
Denver City Cable—1st, 6 s... 1908
Denv. & R. G.—Imp.,g., 5 s ... 1928
B. Tenn. Va. & Ga.—1st, 7s... 1900
Divisional 5s......................... 1930
1st ext., gold, 5 s .................. 193 7
Eq. & Imp., g., 5s................... 1938
Mobile & Birin.—1st, g.,5s.. 1937
Alabama Central—1st 6 s ...1918
Brie—1st, extended, 7s.......... 1897
2d, extended, 5s.................... 1919
3d, extended, 4*33.................1923
4th, extended, 5s................. 1920
5th, extended, 4s.................. 1928
1st, cons., fd. coup., 7s........ 1920
Beorg., 1st lien, 6s............... 1908
B. N. Y. & E .- ls t , 7s........ .1916
N. Y. L. E. & W.—Col. tr.,6s.1922
Funded coup., 5s...................1969
Income, 6s............................ I l 977
Buff. & S. W.—Mortg. 6s. *"l9 0 8
Jefferson—1st, go. g. 5 s ___1909
Coal & RR.—6s......................1922
Byans. & T.H.—1st,cons.,6s..1921
Mt. Yernon—1st 6 s ..............1923
Sul. Co. Branch—1st, g., 5s. 1930
Bvans. & Indian.—1st, con s..1926
Flint & P. Marq.—Mort., 6 s.. .1920
1st con. gold, 5s.................... 1939
Port Huron—1st, 5 s ............1939
Fla. CeD & Pen.—1st g. 5 s ,...1918!
F t Worth & R. G.—1st g., 5s..1928
Bid.
Ask.
106*s
108
109
no
95 100
100
108%
no
110*3
117*3 120
105
*
77
103*3
119%
*116
*115
107*3
*108 ____
106
104
105
93% ____
87
89
97
117*3 117Ì
122*3
126
122 123*s
122*3
123
124*3 127
126*3
102*4
127
103
117 120
401*3
117
100
114
407
107
125
102*3
116*s
115
420
112*3
104%
106*2
"76
50
100 *s
123
123
425
89
90
96
107*3 110
115*3
105
110
105
103
135
135
141 142
114
123*3
137*s
110*2 110 %
140
130
145
120
120 %
143 145
98*s 100
79*3
111
104
112
'7 2 '
115*3
413
106
113*4
1 0 1 »s
430
412
135*3 137
110 113*3
93
94»s
404
113
111
121
122*4
114
102
101*3 102
400
SECURITIES.
Bid.
Gal. Har. & San Ant.—1st, 6s.1910
Gal. H. & S. A.—2d mort., 7s.. 1905
West. Div., 2d 6s.................. 1931
Ga. So. & Fla.—1st, g. 6s........ 1927
Grand Rap. & Ind.—Gen. 5s.. 1924
Green B. W. & St. P —3 st 6s. .1911
2d income, all subs, p a id .......
Housatonic—Cons, gold 5 s,.. .1937
N. Haven&Derby, Cons.5s..l918
Hous. &T. C.—Waco & N. 7s..1903
1st g., 5s (int. gtd)............... 1937
Cons. g. 6s (int. gtd)............ 1912
Gen. g. 4s.(int. gtd)..............1921
Debent. 6s, prin. & int. gtd.1897
Debent. 4s, prin. & int. gtd.1897
Illinois Central—1st, g., 4s . ..1951
1st, gold, 3*28....................... 1951
Springf. Div.—Coup., 6s___1898
Middle Div.—Reg., 5s..........1921
C. St. L. & N. O.—Ten. 1., 7s.1897
1st, consol., 7s....................1897
2d, 6s.................................. 1907
Gold, 5s, coupon............... 1951
Memp. Div., ls tg . 4s.......1951
Dub. & S. C.—2d Div., 7s ...1894
Ced. Falls & Minn.—1st, 7s..1907
Ind. D. & Spr.—1st 7s, ex. cp.1906
Kanawha & Mich.—Mort. 4s. 1990
Kan. C.Wyan.&N.W.—1st, 5s.1938
L. Sh. &M. So.—C. P.&A.—7S.1892
Buff. & Er.—New bonds, 7 s.1898
Det. M. & T.—1st, 7s............ 1906
Lake Shore—Div. bonds, 7s. 1899
Mahon’g Coal RR.—
1st, 5s. 1934
Kal. All. & G. R.—1st gu. 5S.1938
LehighV. ,N. Y.—1st gu.g.4*2S.1940
Lehigh V. Term.—1st gu. 5s,g. 1941
Litchf. Car.& West.—1st 6s. g.1916
Long Island—1st, 7 s ............... 1898
N. Y. & R’way B.—1st, g. 5s. 1927
2d mortg., m e....................1927
8mithtown&Pt.Jeff—1st,7s 1901
Louis.Evans.& St. L.—Con.5s.1939
Louis. &Nash.—Cecil. Br, 7s.1907
E. H. & Nash.—1st 6s, g ___1919
Pensacola Division, 6s........ 1920
St. Louis Division, 1st, 6s... 1921
2d, 3s.................................. 1980
Leb. Branch Extension .. .1893
Nashv. & Decatur—1st,7s.. 1900
S. f.,6s.—S. & N. Ala.............1910
lO^LO, gold, 6s..................... 1924
50 year 5s, g.,....................... 1937
Pens. & At.—1st, 6s, gold ... 1921
Coilat. trust, 5s, g ............... 1931
Lou.N. Alb. &Ch.—Gen.m. g. 5s. 1940
Lou. N. O. & Tex.—1st, 4 s .... 1934
2d mort., 5 s .......................... 1934
Louis. St. L. & Tex.—2d g, 6s.. 1917
Manhattan Ry.—Cons. 4s.......1990
Memphis & Chari.—6s, gold.. 1924
1st con. Tenn lien, 7s.......... 1915
Mexican National—1st, g., 6s. 1927
2d, income, 6s, “ A” ..............1917
2d, income, 6s, “ B” ..............1917
Michigan Central—6s..............1909
Coupon, 5s............................. 1931
Mortgage 4s.......................... 1940
Mil. L. S.&W.—Conv. deb., 5s. 1907
Mich. Div., 1st, 6s.................1924
Ashland Division—1st, 6 s . .1925
Incomes.........................................
Minn.& St. L.—1st, g. 7s........ 1927
Iowa Extension, 1st, 7s.......1909
2d mortg., 7s.........................1891
Southwest Ext.—1st, 7s.......1910
Pacific Ext.—1st, 6 s ............ 1921
Impr. & equipment, 6s........ 1922
Minn. & Pac.—1st mortg., 5s. 1936
Minn.S. Ste. M. & Atl.—1st, 5s. 1926
Minn.St.P.&S.S.M—lstc.g.4s.l938
M0.K.&T.—K.C.&P., 1st, 4s, g. 1990
Dal. & Waco—1st, 5s, gu..,.1940
Missouri Pacific—Trust 5 s ...1917
1st coll., 5s, g ....................... 1920
St.L.&I. M.—
Ark.Br.,lst, 78.1895
Mobile & Ohio—1st ext., 6s... 1927
' St. L. & Cairo—4s, guar.......1931
Morgan’s La. & T.—1st, 6 s.... 1920
1st, 7 s.................................... 1918
Nash. Chat. & St. L.—2d, 6s.. 1901
New Orleans & Gulf—1st, 6s .1926
N. O. &. No. E.—Pr. 1.. g., 6s.. 1915
N. Y. Cent.—Deb. g. 4s.......... 1905
N. J. Juno—Guar. 1st, 4 s ... 1986
Beech Creek—1st, gold, 4s.. 1936
N. Y. N. H. & H.—1st, reg.4s.1903
N. Y. & Northern—1st, g., 5s.1927
2d, 4s............- .......... ---------- 1927
N. Y. Susq. & West.—2d, 4*38.1937
Gen. mort., 5s, g .......^......... 1940
North’n Pacific—Divid’d scrip ext.
James River Val.—1st, 6s... 1936
Spokane & Pal.—1st, 6s.......1936
St.Paul & N. P.—Gen., 6 s ..1923
Helena&RedM’n—lst,g., 6s.1937
Duluth&Manitoba—lst,g.6sl936
Dul.&Man Dak.Div.—Ist6s.l937
Cœur d’Alene—1st, 6s, gold.1916
Gen. 1st, g., 6s....... .............1938
Cent.Washington—1st,g.,6s.l938
Norfolk & West.—General, 6s. 1931
New River, 1st, 6 s ............... 1932
Imp. & Ext., 6s.......
..1934
Adjustment M., 7 s...............1924
Equipment, 5s....................... 1908
Clinch Val. 1st 5s.................1957
Scioto Val. & N. E.—1st, 4s,.1990
Ohio & Miss—2d consol. 7 s ...1911
Spring.Div.—1st 7s.............. 1905
General 5s............................. 1932
Ohio River RR.—1st, 5s..........1936
Gen. g .,5 s.......... -................. 1937
Oreg. Ry&Nav.—Col.tr. g„5a.l919
*99
*99
75
No price Friday; these are tne latest quotations made this week.
Ask.
102*3
78
100
104
38
Ï22* 125
105
id i'
65
*89*4
72
69
105
92*a 93*s
108
112
il* 2 *
95
116
88*3 91
114*3
76
78
104*3
116*e
124 128
117*3 120
108*s
106
101%
109% 110*3
96
117 117%
101
33
24
104
82
*80
105*3 n o
113
107
116
60
113*3
102%
102
103
102
106
102S
*81
85
*85
983s 100
102*3
120
119
116
115
*73
117
101
98
72
76
*88% 90
80*3 82*3
'10558 106
112*4 115
*82*4
108
120
112
100*3
110
102
100
108
56
80
86
T03
118
101
98
108
58*3
S3
87*3
104*s
101
122
104
102
102
101
121
117
111
79
120
95
79*3
113
*95
90
SECURITIES.
Penn.RR.-P.C.&S.L.-lst,c.,7s.l900
Pitts. Ft. W. & C.—1st, 7 s...1912
2d, 7s...................................1912
3d, 7s...................................1912
Clev. & P.—Cons., s. fd., 7s.1900
Gen. 4*«s, g., “ A” ............1942
St. L.V. & T. H.—1st,6s., 7S.189"
2d, 7s...................................1898
2d, guar., 7 s .... .................1898
Peo. &E.-Ind.B. &W.-lst,pf .7s. 1900
Ohio End.&W.—lstpref. 5s. .1938
Peoria & Pek. Union—1st, 6s .1921
2d mortg., 4*ss.....................1921
Phila. & Read.—3d pref. convert..
Fitts.C.C&St.L.—Con.g.4*3SA1940
Pitts. Cleve. & Tol.—1st, 6 s...1922
Pitts. & L. Er.—2d g. 5s, “ A” . 1928
Pitts. Me. K. & Y.—1st 6s.......1932
Pitts. Painsv. & F.—1st, 5 s ...1916
Pitts. Shen. & L. E .-ls t,g .,5 s .l9 4 0
Rich. & Danv.—Debenture 6s. 192"
Equip. M. s. f., g., 5s........... 1909
Atl. & Char.—1st, pref., 7s.. 1897
do.
Income, 6s----- 1900
Rio Gr. Junct., 1st,guar.,g.,5s.l938
St. Jos. & Gr. Is.—2d in c........ 1925
Kan. C. & Omaha—1st, 5 s ..1927
St. L. A. & T.H—2d pref. 7s. .1894
2d m. inc. 7s.................... .1894
Dividend bonds.................... 1894
Bellev. & So. 111.—1st, 8 s...i8 9 6
Bellev. & Car.—1st, 6s......... 1923
Chi. St. L. &Pad.—1 st,gd. g. 5 s 1917
St. Louis So.—1st, gd. g. 4s. 1931
do
2d income ,5s.1931
Car. & Shawt.—1st g. 4s---- 1932
St.Lou.&SFr.—2d 6s,g., cl. A .1906
Equip., 7 s .......................... - 1895
General 5s..............................1931
1st, trust, gold, 5s.................1987
Consol, guar., 4s...................1990
Kan. City & S.—1st, 6s, g ...l9 1 6
Ft. S. & V. B. Bg. -1st, 6 s...1910
St. Paul & Duluth—1st, 5s---- 1931
2d mortgage 5s......................1917
St. Paul Minn & M.—1st, 7s.. 1909
2d mort., 6s............................ 1909
Minneap. Union—1st, 6s---- 1922
Mont. Cen.—1st, guar., 6 s..1937
1st guar. g. 5s........................1937
East. Minn., 1st div. 1st 5s. 1908
San Fran. & N. P.—1st, g., 5s.l919
Sav. Amer. & Montg.—1st 6s.1919
South Carolina—
2d, 6s.......... 1931
So. Pac. Coast—1st, guar.,4s. 1937
Texas Central—1st, s. f., 7 s ...1909
1st mortgage, 7s...................1911
Texas & New Orleans—1st,7s. 1905
Sabine Division, 1st, 6s.......1912
Tex. & Pac., E. Div.—1st, 6s. 1905
Third Avenue (N.Y).—1st 5s, 1937
Tol. A. A. & Cad.—6s............... 1917
Tol. A. A. & Mt. PI.—6s..........1919
Tol. A. A. & N. M.—5s. g........ 1940
Ulster & Del.—1st, con.,6.,5s. 1928
Union Pacific—1st, 6s............. 1896
1st, 6s..................
1897
1st, 6s.................................... 1898
Collateral Trust, 6s..............1908
Collateral Trust, 5s.............. 1907
Kansas Pacific—1st 6s, g ...l8 9 5
1st, 6s, g . ............................ 1896
C. Br. U. P —F. 0., 7s..........1895
Atch. Col. & Pac.—1st, 6s... 1905
Atch. J. Co. & W.—1st, 6s... 1905
U. P. Lin. & Col.—1st,g., 5s. 1918
Oreg.8.L.&U.N.,col.trst.,5s.l919
Utah & North.—1st, 7a........ 1908
Gold, 5s...............................1926
Utah Southern—Gen., 7 s ...1909
Extern, 1st, 7s...................1909
Valley R’y Co. of O.—Con. 6s.1921
Wabash—No. Missou—1st, 7s.1895
St.L.K.C.&N.—R.E.&RR.7S.1895
St. Charles Br’ge—1st,6s.. .1908
West. Va. C. & Pitts.—1st, 6s.1911
Wheel.&L.E.—1st. 5s, gold ... 1926
Extension & Imp. g., 5s...... 1930
iH is ce lla iie o 11» B o n d s .
Amer. Water Works—1st 6 s..1907
1st cons. 5s, g ....................... 1907
Cahaba Coal Min.—1st g. 7s.. 1907
Chic.Jun.&S. Yds.—Col.t.g,5s,1915
Colorado Fuel—Gen. 6 s ........ 1919
Col. & Hoek. Coal &I.—6s, g ..1917
Consol’n Coal—Convert. 6s... 1897
Cons. Gas Co., Chic.-lst gu.5s.1936
Denv. C.Wat.Wks.—Gen.g. 5s.l910
Det.Un.Depot&Stn—1st g. 4s.l938
Edison Elec. 111. Co.—1st, 5s.1910
Equitable G. & F.—1st 6 s ..... 1905
Henderson Bridge—ls tg . 6s. 1931
Hoboken Land & Imp.—g. 5s. 1910
Mutual Union Teieg’h—bs, g.1911
Nation’l Starch Mfg.—1st, 6s,1920
Northwestern Telegraph—7», 1904
People’s Gas & Coke ) 1st g.6s,1904
Co., Chicago........ > 2d g. 6s,1904
Peoria Water Co.—6s, g..........1919
Pleas. Valley Coal—1st g. 6s. 1920
P roctor* Gamble—1st,g.,6 s.1940
West. Union Tel.—7 s ,.. 1875-1900
Wheel.L.E.&P.Coal—lst,g.5s.l919
U n lis te d B o n d s ,
Ala.&Vicks.-Consofc5g.,1921.A&0
2d M„ income till’ 94,1921.. A&O
Vicks. & Merid.,lst 6s, 1921. A AO
Atlanta & Chari.—1st 7s,1907. J&J
Comstock Tun.—Inc.4s, 1919.M&N
Georgia Pac.—1st 6s, 1922— J&J
Consol. 5 g., 1923....... . ....... A&O
Income 5s ............................. ..
Little R.&M em .- 1st 5g,l937.M&S
Mem.&Charl.—Cods.7 g.,1915..T&.J
Bid.
Ask.
1385s
'137
122
134
108
111*4
114
110
65
58*3 60
95
93
*102
100
38*4_____
104*4
105
60
*55
114
108 n o
100
79
70
78
113*3
101
94*«
*78
85
71
ib ’ ò"
105
103
ÏÏ8
110
115
102
74*3
97
I lo
103
93%
115
94*4
87%
100
107*3
109
1105s
101
106”
108*3
83*4 84
80
108
85
104
102
105
107
104
108
100
106
108
*84
82*»
112*»
_____
106
105
__äjflji
109
___
107
94*»
112
102
106
88
101
99%
95
106
10438 105%
108 1 1 0
102*3 103
103*3
103*3
100
97*4
84
92
70
103
118
26
103*3
65
17
73
112
102*4
iö r
118
85
95
80
105
120
27
104*»
66
19
75
117
402
THE CHRONICLE.
Latest E arnings Reported
Htuœstmjetil
R o ad s.
Bakdh
a ilr o a d iutjelligjcttce.
The I n v e s to r s ’ S u p p l e m e n t , a pamphlet o f 150 pages
contains extended tables o f the Stocks and Bonds o f Rail
roads, and other Companies, with remarks and statistics con
cerning the income, financial status, etc., o f each Company.
It is published on the last Saturday o f every other month—
viz., January, March, May, July, September and November,
and is furnished without extra charge to all regular sub
scribers o f the C h r o n ic l e . E xtra copies are sold to sub
scribers o f the C h r o n ic l e at 50 cents each, and to others at
$1 p er copy.
The General Quotations o f Stocks and Bonds, occupying
six pages of the C h r o n ic l e , are published on the t h ir d
S a t u r d a y o f each month.
R A IL R O A D E A R N IN G S .
Latest Earnings Reported.
R oad s.
Week or Mo
1891-2.
1890-1.
Jan. 1 to Latest Date.
1891-2.
1890-1.
#
Allegheny Yal.. January... 177,557 198,016
198,016
Atoh.T.&S.Fe. 3dw k Feb. 566,490 545,697
3,923,506
H all ow ned... 3d wk Feb.
207.908
28,144:
27,932
Total system 3d wk Feb. 594,422 573,842|
4,131.416
BtL.&BanF.. 3d wk Feb. 123.432 119,816
812,088
Half owned.. 3dwk Feb.
27,585
203,517
27,247
Tot.S.L.&S.F. 3d wk Feb. 150,679 147,401
1,015,605
Agg. to t a l.. 3d wk Feb. 745,100 721,242
5,147,020
Atlanta & Char.“ November.
72,192
74,228
Atlanta & Flor’ a December.
15,593
130.783
119,530
14,503
Atlanta & W.Pt. January...
52,712
36,879
36,879
52,712
B.&O.EastLines January... 1,522,816 ,445,985 1,522,816 1,445,985
Western Lines January... 528,112 457,468
528,112
457,468
T o ta l.......... January... 2,050,928 ,903.453 2,050,928 1,903,453
Bal.&O. South w. 3d wk Feb.
47,294
311,998
358,897
42,381
Bath& Ham’nda October
4,453
21,575
22,391
5,727
Bir. & Atlantic. January...
2,759
5,653
2,759
5,653
Bir.Sh.&Tenn.R December.
19.199
189,846
211,879
14,844
Buff. Roch. Pitt 4th wk Feb
462,274
66,959
371,777
45,089
Bur. C.Rap. & N. 1st wk Feb
74,746
307,380
406,557
55,646
Camden &Atl. January...
33,676
40,246
33,676
40,246
Canadian Pacific 4th wk Feb 387,000 342,000 3,065,102 2,703,715
Op. F’r&Yad.Val December
42,590
583,357
46,103
555,209
Car.Cum.G&Ch. November.
3,898
3,484
41,429
26,778
Car. Midland... November.
7,370
5,176
Central of N. J .. December. 1,155,408 ,176,896 14,201,767 13,663,726
Central Pacific.. November. 1,401,127 ,390,900 15,504,798 14,683,529
Central of 8.C.. November.
9,855
94,223
8,303
103,471
Char.Cin. &Chie January...
10,220
10,220
12,915
12,915
Charlest’n & Sav January...
62,864
62,864
77,415
77,415
Char. Sum.&No. December.
15.000
137,664
78,206
9.537
8.852
Ohatt’n’gaUni’n October...
83,712
10,179
96,749
Oheraw. & Dari. December
8.399
103,596
11,645
110,300
Cheraw.&Salisb November.
2,505
23,504
2,566
22,727
Ches. & Ohio.... 4th wk Feb 209,684 174,221 1,422,700 1,277,737
Ches. O. & 8. W . December. 202,781 209,932 2,339,016 2,161,684
Chic. Bur. & No. January... 150,077 164,800
150,077
164,800
Ohio. Burl. & Q„ January... 3,008,799 2 ,329.830 3.008,799 2,329,830
Ghie.& East.111. 4th wk Feb
72.200
74,000
601,257
575.231
Chicago & Erie. December. 303,407 247,832 2,746,726 2,742,149
Chic.Mil. & St.P. 4th wk Feb 660.036 493,571 4,725,019 3,825,188
Ohio. &N’thw’n. January... 2,236,702 ,893,406 2,236.702 1,893,406
Chic.Peo.&S.L.l 3d wk Feb.
24,084
173,866
19,884
134,574
Chic. R’kI.&P... February. 1,321,436 ,022,872 2,613,983 2,120,359
Chic.8t.P.&K.C. 3d wk Feb.
91,661
74,102
479,802
593,728
Chic.St.P.M.&O. January... 630,029 485,736
630,029
485,736
Chic. & W. Mien. 3dwk Feb.
33,010
29,901
210,391
194,774
4,419
Cin.Ga. & Ports. January...
4,501
4,419
4,501
11,955
Cin. Jack & Mac. 3d wk Feb.
12,940
89.319
103,014
Cin.N.O. &T.P. 3d wk Feb.
81,351
77,935
563,415
583,083
Ala. Gt. South. 3d wk Feb.
36,787
32,333
261,509
264.232
N.Orl. & N .E. 3d wk Feb.
24,503
20,638
174,527
168,641
13.054
Ala & Vicksb. 3d wk Feb
11,245
95,118!
94,497
Vicjts.Sh.&P. 3d wk Feb.
11,690
9,844
91.127
90,884
Erlanger Syst. 3d wk Feb. 167,385 151.995 1,185,696 1,201,337
Cinn. N orthw’n . January...
1,481
1,571
1,481
1.571
14,506
Cin. Ports. & Y.. January...
16,674
14,506
16,674
771
Col. & Maysv. January...
671
771
671
52,157
Oin.tV ab.&Mich. January...
44,075
52,157
44,075
17,508
dev.Akron&Col 3d wk Feb.
15,097
117,355
117,349
60.055
d e v . & Canton.. November.
56,304
662,720
526,903
Cl.Cin.Ch.&S.L 3d wk Feb. 244,324 238,411 1,778,526 1,814,636
Peo. & East’n. 3d wk Feb.
33,539
28.128
238,320
207,381
25,635
d e v . & Marietta January...
30,052
25,635
30,052
38,446
Color. Midland. 3dw k Feb.
271,472
34,147
269,766
Col.H. Y. & Tol February.. 222,366 180,574
473,115
385,618
Col. Shawnee&H 1st wk Feb
12,082
7,864
61.127
43,505
1,425
Colusa & Lake.. January...
1,741
1,425
1,741
Conn. R iver_ January...
_
78,151
81,965
78,151
81,965
Current R iver.. 3d wk Feb.
2,281
2,483
14,087
23.402
Denv. & Rio Gr. 4th wkFeb 189,500 120,500 1,401,642 1,185,628
12.130
Dee Moin. & No December
10,394
131,769
120,139
30,276
Des M. No. & W January...
21,614
30,276
21,614
29.000
Det.Bay C.&Alp January...
46,922
29,000
46,922
20,303
Det.Lans’g & No 3d w k Feb,
19,057
144,003
144,247
32,659
27.2621 218,227
Duluth 8.8. & -at 3d wk Feb,
208,255
10,628
5,384
Duluth & Winn. January...
10,628
5,384
E.Tenn. Va.&Ga. 3d wk Feb, 141,446 156.996 1,009,375 1,223,324
64,656
46,297
Elgin Jol.&East. January...
64,656
46,297
Eliz.Lex.&B.S... December.
775,787
816,330
" 5,714
Evans. &Ih d’ plb 4th wk Feb
■'7,837
55,807
49,956
24.583
27,700
Evansv. & T. H. 4th wkFeb
186,395
180,629
531,24c:
Fitchburg.......... January... 531,240 536,067
536,067
56,604
61,437
417,550
Flint. &P. Mara. 3d wk Feb.
422,573
4,750
3,688
41,046
Florence........... November.
37,919
Flor. Cent.& P. December. 177,488 143,124 1,497,306 1,212,437
4,149
8,4t>9
44,037
Ft. W. & Rio Gr. 4th wk Feb
33,261
18.013
9,013
130,405
Ga. Car’la & No November.
61,986
116,751
Georgia RR...... January... 116,751 193,088
193,088
63,374
60,726
60,726
Geo. So. & Fla.. January...
63,374
3,659
3,335
37,960
Georget’n&W’n November.
35,807
42,499
303,541
45,827
Gr. Rap. & Ind.. 3d wk Feb.
288,857
[Vot,. L1V.
$
i
177,5571
4,202,4 35'
230,388
4,432,824
817,820
225,941
1,043,760
5,476,584
Week or Mo
1891-2.
1890-1
G .R a p . & l.-O o n .
C in .R .& F t. W. 3d wk Feb.
9.719
8.409
O th er lin e s . . . 3d wk Feb.
4,349
4,315
T o t a l a ll lines. 4th wkFeb
56,105
55,022
G ra n d T r u n k ... Wk Feb. 27 362,507 324,706
C h ic & G r .T r . Wk Feb.20
72.600
71,668
D e t.G r.H & M. Wk Feb.20
23,087
20,673
G re a t N o rth ’n
St. P . M. & M . January...
798,945 654,862
E a st, o f M in n . January...
62,082
40,643
M o n ta n a Cent. January...
97,075
98,199
T o t. s y s te m . January...
958,102 793,703
G u lf & C h ica g o . January...
2,479
3,358
H o u s a t o n ic ..... November.
125,107 125,578
H um est’n&Shen January...
14,800
13,732
H u tch .& S ou th ’n January...
6,147
6.410
Illin o is C en tr’l . . January... 1,502,589 1,516,182
In d .D e c.& W e st January.:.
44,193
40,215
In. & G t.N o rth ’ n 3d wk Feb.
63,339
58,012
In te ro o . (M e x .). Wk Feb.13
43,200
I o w a C e n t r a l... 3d wk Feb.
39,684
44,418
Iro n R a i l w a y ... January...
2,302
3,303
J’ k’n v .T .& K .W . January...
86,155
79,165
K anaw h a& M ich 3d wk Feb.
6,603
4,279
K an. C. Cl. & 8p 3d wk Feb.
5,871
5,659
K .C.F.S. & M em . 3d wk Feb.
92,671
85,875
K . C .M em . & B ir. 3d wk Feb.
23,975
23,765
K eok u k & W est 3d wk Feb.
7,296
7,004
L. E rie A ll. & 80 January..
5,987
5,601
L. E rie & W est
62,495
3d wk Feb.
54,677
L ehigh & H u d .. February.
31.135
27,654
L. R o c k & M e m . 3d wk Feb.
14,723
14,759
L on g I s la n d ___ 4th wk Feb
40.299
35,001
Louis. & M o. R iv December.
38,293
30,2-8
L ou is.E v.& S t.L . 4th wk Feb
29,438
24,038
L o u isv .& N a sh v . 3d wk Feb. 418,775 377,975
L ouis. N . A & C h . 3d wk Feb.
52,407
49,695
L ouisv.N .O . <feT. 3d wk Feb.
83,792
63,569
Lou. S t.L .& T e x . 3d wk Feb.
11,202
6,595
L yn ch b .& D u r’m January...
10,789
10,591
M em phis < Chas- 3d wk Feb.
fe
28,704
31,670
(M e x ic a n C ent... 4th wk Feb 177,254 138,538
(M e x . N a t io n a l. 3d wk Feb.
74,539
79,109
(M e x ica n R ’ w a j Wk Jan. 30
65,030
80.344
M il.L .Sh.& W est 4th wk Dec
72,118
64,495
M ilw aukee & N o 4th wk Feb
37,652
31,283
M in e r a lR a n g e .. January...
10.300
9,905
M inu eap. & St.L. January...
131,078 109,700
M . St.P . & S.S.M . January,..
214.000 150,674
Mo. K a n . & T ex. i 3d wk Feb. 151,914 156,222
M o .P a c. & IronM 4th wkFeb 683.000 612,000
M ob ile & B ir m .. November.
30,240
28,844
M obile & O h io .. January...
281,926 323,055
M on terey& M .G January..
77.893
73,405
N ash .C h .& S tL .c January...
397,878 357,713
N. J e rs e y & N .Y . December.
24,268
21.345
N ew O rl. & S o’n January...
13,142
18,015
N. Y . C .& H .R .. January... 3.064,351 3,007,852
R o m e W . & Og. January...
257,510 310,985
T o t. b o th rds. January... 3,321.860 3,318,837
N. Y . L. E . & W . January... 2,186,570 2,172,279
N. Y . P a . & Ohio December.
654.807 615.258
N. Y . & N . E n g . , December.
500,014 482,779
36,097
33,120
N. Y . & N o rth ’n . January...
47,605
N. Y .O n t & W .. 3d wk Feb.
52,070
113,932 115,088
N .Y . Susq. & W., January...
N o rf. & S ou th ’ n January...
29,896
N orf o ik & W e st.. 4th wkFeb
213,520 154,706
N’th ea st’ n (S . C.) November,
52,710
52,307
N orth’ n C entral. January...
549.910 495,561
N orth ern P a cific 4th wk Feb 485,169 376,942
113,475
W is. Ct. L ines. 4th wkFeb
81,366
N .P .& W .C ent. 4th wkFeb 598,644 458,308
55,856
O h io & M is s .___ 4th wk Feb
59.551
O h io R i v e r . .___ 3d wk Feb
8,954
10,625
44,263
O h io S o u th e rn .. February..
53,736
56.034
50,585
O m aha & St. L . . December.
297,838 343,063
O re go n Im p . Co. December.
P e n n sy lv a n ia .. January... 5,019,741 5,312,475
19,430
17,045
P e o n a D e c .& E v . 4th wk Feb
Jan. 1 to Latest Date.
1891-2.
1890-1.
$
58,456
56,295
26,820
27,147
328,922
317,076
2,713,017 2,651,654
515,050
591,302
143,060
138,418
654,862
798,945
’ 62,082
40,643
97.075
98,199
958,102
793,703
2,479
3,358
1,425,482 1,441,996
13,732
14,800
6,410
6,147
1,502,589 1,516,182
40,215
44,193
490,133
477,399
291,310
2,302
86,155
42,098
39.400
700,115
171.329
54,698
5,987
471,625
59,240
100,734
464,076
480,298
153,967
2,862,284
355,075
597,955
90,657
10,789
215,679
1,198,509
547,328
261,574
3,527,714
239.529
10,300
131,078
214,000
1,053,789
4,212,450
256,364
281.926
77,893
397,878
293.892
13,142
3,064,351
257,510
3,321,860
2,186,570
7,119,650
6,229,030
36,097
344,862
113,932
29,986
1,414,476
658,468
549,910
2,998,191
766,503
3,764,694
694,149
84,175
117,397
507,919
4,209,428
5,019,741
141,890
37,559
5,201,360
1,727,214
1,532,041
3,259,255
3,026
337,440
1,355,320
452,184
284,798
339,938
78,969
331,823
3b3,822
139,443
25,598
432.900
141,500
68.500
7 1 ,6 oO
63.500
182.900
9,720
11,700
1,885,780
24,243
83,093
288.926
6,954
200,586
706,643
119.893
238,468
3,303
79,165
39,707
42,106
616,934
171,795
52,081
5,601
421,849
59,455
118,273
450.092
415,213
225,991
2,718,320
331,312
589,382
54,935
10,591
254,131
1,091,168
591,222
321,408
3,848,568
245,040
9,905
109,700
150,674
1,182,429
3,825,033
243,060
323,085
73,405
357,713
265,400
18,015
3,007,852
310,985
3,318,837
2,172,279
7,279,724
6,029,127
33,120
361,314
115,088
4,517,589
1,061,676
5,782,831
241,679
1,674,509
13,439,7 36
37,009,518
50.449,255
4,285,678
1,160,331
5,800,831
225,629
1,871,817
13,487,242
34,865,262
48,352.604
1,286,829
634,110
495,561
3,222,121
698,222
3,920,343
634,177
77,393
96,083
606,671
4,518,216
5,312,475
134,606
43,147
5,113,787
1,712,090
1,443,761
3,155,851
3,632
262,295
1,357,694
450,407
269,184
* 299,305
58,808
302,369
36 ,424
134,595
22,479
526,900
183.300
95,700
90.900
82,500
168.300
9,900
14,000
2,067,880
25,368
37,559
43,147
Petersburg....... January,..
418,856 358,006
Phila. & E r i e ... December.
1,727,214 1,712,090
P hila. & R e a d ’ g January...
C o a l& I ro n C o . January... 1,532,041 1,443,761
T o ta lb o th C o s. January... 3,259,255 3,155,851
3,632
3,026
P itts. M ar. & Ch. January...
30,794
22,815
P itt. Shen. & L. E. December.
122,636 127,362
P ittsb. & W est’n November.
45,680
44,279
P itts.C lev.& T , November,
27,512
26,564
P itts.P a in .& F , November
62,814
40,370
T o ta l system 4th wk Feb
78,969
58,808
P itt. Y o u n g .& a . January...
28,214
Pt. R o y a l & A u g. November.
28,523
39,525
37,055
P t.R o y.& W .C a r. November.
11,088
9,567
P res.& A riz.C en . December.
22,479
25,598
Q u in cy O .& K .C . January...
432.900 526,900
R ich .& D a n v ille . January...
141.500 183.300
Vir. M id la n d .. January...
95,700
68.500
C har.C ol.& A u. January...
90,900
71.600
January...
C ol. & G reen v.
82,500
63.500
W est. N o. C ar. January...
182.900 168.300
G e o r g ia P a c .. January...
9,900
9.720
W ash.O .& W .. January...
14,0u0
11,700
A sh v . & S park January...
T o t a l Sys’ m. 3d wk Feb. 299,420 311.560
24,243
25,368
R ich . & P etersb. January...
11,270
R io G r’d e S ou th . 4th wkFeb
298.373
37,500
41.000
R io Gr. W e s t .. 3d wk Feb.
6,432
6,432
6,954
S ag .T u scola & H . January...
194,319
28,400
29,820
S t.L .A .& T .H .B ’ s 3dwk Feb.
697,416
94,800
St.L. S ou th w ’rn . 4th wk Feb 101.500
90,699
119.893
90,699
St. P a u l & D u l’ tb January...
45,941
54,158
S .A n t.& A r.P a ss. 4thwk Oct
80,268
79*046
11,032
10.511
S. F ra n .& N .P a c. 2d wkFeb,
41,347
34,035
41,347
34.035
S av. A m . & M on. January...
2,679,429
282,419 258,372 2,973,171
S av .F la . & West. November,
7,025
6,230
7,025
6,230
January...
S ilv e r t o n ............
33,949
35,000
33,949
35.000
S io u x C ity & N o . January...
S o. P a cific C o.—
G a l.H ar.& S .A .
L ou is’ a W e st..
M o rga n ’ s L&T.
N. Y .T .& M e x
X e x . & N . O rl
A tla n tic s y s .d .
P a cific system
T o ta l o f a ll..
387,005 334,922
December
87,536
December. 104,868
December. 699,922 753,170
24,650
22,729
December.
151,156 136,121
December
December 1,391,719; 1,334,478
December 2,742,000 U 676,217
December. 4,133,720 4 010,695
THE
M a r c h 5, 1882.]
Latest Earnings Reported.
R oads .
Week or Mo 1891-92.
$
CHRONICLE.
Jan. 1 to Latest Date
1890-91.
1891-92.
9
3d week o f February.
9
* Figures cover only that part of mileage located in South Carolina
t Earnings given are on whole Jacksonville Southeastern System
e Western A Atlan
tic included in January, 1892, but not in 1891. d Includes earnings
from ferries, eto., not given separately, i M exican currency.
Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing table are separately summed up as
follows:
Only 27 roads have furnished returns as yet for the 4th week
of February, but these make very good comparisons, showing
22*95 per cent increase in the aggregate, due in part to the
fact that this being leap year there was an extra day in 1892.
1892.
1891.
66,959
387.000
209,684
72,200
660,036
189.500
7,837
27,700
8,469
362,507
40,299
29,438
177.254
37,652
683.000
213,520
485,169
113,475
59,551
19.430
62,814
101.500
6,560
28,210
38,250
308.000
24,868
Total (27 roads)............ 4,420,882
Net increase(22*97p.o.)
In crea se.
9
21,870
45,000
35,463
45,089
342.000
174,221
74.000
493,571
120,500
5,714
24,583
4,149
324,746
35.001
24,038
138,538
31,283
612.000
154,706
376,942
81,366
55,856
17,045
40,370
94,800
6,602
24,838
28,108
243,000
22,793
3,595,819
Buffalo Roch. & Pittsb...
Canadian Pacific..............
Chesapeake & Ohio........
Chicago & East. Illinois..
Chicago Milw. & St. Paul.
Denver & Rio Grande...
Evansv. & Indianapolis.
Evansv. & Terre Haute..
Ft. Worth & Rio Grande.
Grand Trunk of Canada..
Long Island.....................
Louisv. Evansv. & St. L ..
Mexican Central.............
Milwaukee & Northern..
Mo. Pacific & Iron M t...
Norfolk & W estern........
Northern Pacific.............
Wisconsin Central lines
Ohio & Mississippi_
_
Peoria Decatur & Evansv.
Pittsburg & Western.......
St. Louis Southwestern..
Toledo Col. & Cincinnati.
Toledo & Ohio Central...
Toledo St. L. & Kan. City.
Wabash.............................
Wheeling & Lake Erie...
166,465
69,000
2,123
3.117
4,320
37,801
5,298
5,400
38,716
6,369
71,000
58,814
108,227
32.109
3,695
2,385
22,444
6,700
D ecrease
9
1,800
........
42
3,372
10,142
65,000
2,075
826,905
825,063
1,842
The final statement for the 3d week of February covers 87
roads and shows 6*62 per cent gain.
3d week o f February.
1892.
9
1891.
f
Increase.
Prev’lyreport’d (40roads) 4,722,035 4,382,181
Atchison Top. & 8. F e ...
566,490
545,697
Roads j ’tly owned *a..
27,932
28,144
St. Louis A 8 . Fran........
123,432
119,816
Roads j’tly owned *3 .
27,247
27,585
Balt. & Ohio Southwest’n
47,294
42,381
Chicago & Grand Trunk..
72.600
71,668
Chicago St. P. & Kan. C..
91,661
74,102
Cin.N.O. &T.Pac. (5 roads)
167.385
151,995
Cleveland Akron & Col...
17,508
15,097
244,324
Cleve. Cm. Chic. & St. L.
238,411
Peoria & Eastern..........
33,539
28,128
Colorado Midland............
38,446
34,147
Current River..................
2,281
2.483 f
Detroit Gr. H. & Mil.......
23.087
20,673
Eaat TennesseeVa.cfe Ga..
141.446
156,996
$
392,634
20,793
3,616
4,913
932
17,559
15,390
2,411
5,913
5,411
4,299
............
1891.
$
61,437
45.827
9.719
4,349
63,339
6,603
5,871
92,671
23,975
7,296
14,723
52.407
28,704
89,067
10,625
39,715
299,4.0
10,689
27,574
29,820
21,637
$
56.604
42,499
8,409
4,315
58,012
4,279
5,659
85,875
23,765
7,004
14,759
49,695
31,670
87,736
8,954
34,603
311,560
3,168
14,221
28,40«
18,579
7,521
13,353
1,420
3,058
Total (87 roads).......... . 7,292,175 6,839,270
Net increase (6’62 p. c .).
537,189
452,905
Flint & Pere Marquette..
Grand Rapids & Indiana.
Cincinnati R. & Ft. W ..
Other lines.....................
Int. & Gt. Northern........
Kanawha & Michigan___
Kansas City Clin. & Spr..
Kan. City Ft. S. & Mem...
Kansas C. Mem. & Birm.
Keokuk & Western..........
Little Rock & Memphis..
Louis. N. Albany & Chic.
Memphis & Charleston...
Ohio & Mississippi..........
6 Kansas City & Pacific included in both years,
4 th week o f February.
1892.
1890-91.
00. Fao. RR.—
Coast Div. (Cal) ¡December. 170,154 149,380 2,345,665 2,389,048
Bo. Div. (Cal.) December. 616,594 546,854 6,934,159 6,407,422
Arizona Div..¡December. 156,969 150,385 2,028.659 2,000,594
73,362 1,049,260 1,030.951
78,492
NewMex.Div. December.
113,870
177.746
South Carolina January... 113.870 177,746
123,036
12,662
115,6S5
12,180
Spar. Un. & Col. November.
55,390
55,139
55,390
55,139
Staten Isl. R. T. January...
53,304
54,399
1,436
1,515
StonyCl.&CMt.. December.
92,123
113,887
92,123 113,887
Summit Branch. January...
74,116
74,786
74,786
74,116
Lykens Valley January...
188,672
166,239
Tot’l both Co’s January... 166,239 188,672
12,660
17,429
17,429
12,660
Tenn. Midland.. January...
268,646
34,571
Terre H. & Peo Septemb’r.
924,209
984,349
Texas & Pacific 3d wk Feb. 130,621 119,966
3,590
3,153
3,153
3,590
Tex.8.Va)&N.W. January...
78,321
74,256
74,256
78,321
Xol. A. A.&N.M January...
46,686
6,602
48,756
6,560
Xol. Col. & Cin. 4th wk Feb
216,226
198.802
24,838
28,210
Xol.& Ohio Cent. 4t.h wk Feb
152,582
125,872
18,5^
21,63"
Xol. P. & West.. 3dwk Feb
320,516
236,444
28,108
38,250
Xol. St. L. & K.C 4th wk Feb
1,532
1,713
1,713
1,532
Tol.& So. Haven January..
23,506
386,788
369,754
26,172
_
Ulster & Del_ December.
Union Pacific—
611,396 606,120 7,574.457 7,488,032
Or.S.L.&U.N December
Or.Ry.&N.Co December. 398,644 485,494 5,673,172 4,954,712
Un.Pac.D.&G. December. 443,184 504,929 5,746,964 5,783,135
l 9,022
14,221
92,345
27,574
St.Jo.&G’dIsl. 3d wk Feb.
Alloth. lines.. December. 1,975,302 1,536,931 22,721,332 23,569,778
Tot.U.P.Sys. December. 3,583,201 3,196.341 42,699,588 43,049,249
894,161
974,472
55,579
Oent.Br.&L.L December. 120,243
Tot. cont’led December. 3,703,44^ 3,251,920 43,593,748 44,023,720
754,930
82,192
958.964
89,68
Montana IJn. December.
2,124
30,165
30,993
2,288
Leav.Top. & 8 . December.
40,871
3.729
39,006
2,86'“
Man. A1.& Bur. December.
825,965 1,028,963
88,045
94,841
Joint.own’d ,.. December.
Grand total. December. 3,750.867 3,295,942 44,006,731 44,538,203
12,303
12,495
12,495
12,303
Vermont Valle* January ..
Wabash............. 4th wk Feb 308,000 243,000 2,215,160 1,938,852
57,073
51,782
7,088
7,431
O ctober...
Wab. Chest. &W.
83,869
93,089
93,089j
83,869
West Jersey...... January...
85,502 1,106,812
981,195
95,445
W.V.Cen.&Pitts. December.
161,059
12,550/
93,038
22,761
West Vir.&Pitts. O ctober...
39,822
61,531t
61,531
39,822
Western of Ala. January...
68,300,
65,700
West.N.Y. & Pa. 2d wk Feb
195,270
179,843
22,793
24,868
Wheeling & L. B. 4th wk Feb
856,609
82,09l|
886,028
82,706
Wil. Col. & Aug. November.
5,427
9,100
9,100
5,427
Wrightsv. < Ten. January...
fe
98,586
3,419
101,224
3,607
Zanes. & Ohio... lstw k Sept
2,414
D ecrease
9
52,840
2 12
338
........
202
15,550
403
Rich. & Danv. (8 roads)..
Rio Grande Southern___
St. Joseph & Gr. Island..
St. L. Alt. & T. H. Brches.
Toledo Peoria & Western
Increase.
$
4,833
3,329
1,310
34
5,327
2,324
212
6,796
210
292
2.712
1,331
1,671
5,112
Decrease.
$
...»
36
2,966
12,140
........
............
........
84,284
Net Earnings M onthly to Latest Dates.—The table fol
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n ic l e of February 20. The next will appear in
the issue of March 19,
< Gross Earnings. ----->,----- Wet Earnings. ------»
---1891-92. 1890-91. 1891-92. 1890-91.
Roads.
$
$
$
$
At. T. AS. F e b ........ Jan. 2,479,161 2,347,071
509,112
551,556
July 1 to Jan. 31...21,063,267 19,416,984 6,920,974 5,729,546
R’ ds j ’tly ow’d (*2) b Jan.
141,434
126,777
5,628 def.12,844
July 1 to Jan. 3 1 ... 1 ,0 4 ’ ,154 1,002,169
111,548 def. 16,382
Total Atch. sys..b.Jan . 2,620,595 2,473,848
514,740
538.711
July 1 to Jan. 31. ..22,110,420 20,419,150 7,032,520 5,713,160
St. L.&SanFran.b.Jan.
460,648
489,035
142,839
180,298
July 1 to Jan. 3 1 ... 4,404,148 4,199,429 2,010,471 1,918,231
124,211
R’ds j ’tly ow’d (*3) bJan.
138,885
6,885 def. 10,125
980,495
~
‘
130,011
July 1 to Jan. 3 1 ... 1,026,221
5,820
613,246
599.533
149,724
Tot. S.L.&S.F.Sys.bJan.
170,173
July 1 to Jan. 3 1 ... 5,430,369 5,179,923 2,140,482 1,924,052
664,464
Total Atch.& 8 . F. b Jan. 3,220,128 3,087,094
708,884
July 1 to Jan. 31...27,540,789 25,599,074 9,173,002 7,637,215
66,186
Buff. Roch. & Pittsb. Jan. 236,891
191,422
36,158
July 1 to Jan. 3 1 ... 1,730,527 1.417,852
553.260
364,473
Canadian P acific.a.. Jan. 1,609,102 1,365,221
532.151
329,725
31,024
Chic.Bur.& North.b.. Jan.
150,077
164,800
61,474
Chic. Burl.& Quin.b. Jan. 3,008,799 2,329,830
939,589
614,749
679,522
Chic. Mil. & St. Paula Jan. 2,420,917 1,946,196
518,916
July 1 to Jan. 3 1 ... 19,973,952 17,142,617 7,738,421 6.148,815
Olev.Cin. C.& St.L..aJan. 1,045,386 1,076,897
277.024
294,067
July 1 to Jan. 31 .. 8,357,598 7,963,709 2,525,150 2,377,434
51.430
Colorado Fuel Co___Jan....................
28,147
210,262
July 1 to Jan. 31.......................
186,923
168,906
37,224
Colorado Midland.b. Jan. 159,344
50,016
327,796
July 1 to Jan. 3 1 ... 1,223,677 1,147,317
387,679
179,853
309,559
651,628
Deny. & R. GrandebJan.
726,342
July 1 to Jan. 3 1 ... 5,344,762 5,636,561 2,310,762 2,323,309
367,124
97.430
92,726
Kan.C. Ft. S.& Mem. a Jan. 421,736
936,824
816,782
July 1 to Jan. 3 1 ... 3,003,012 2,838,764
448.152
Louisv. & Nashvilleb Jan. 1,581,584 1,590,515
585,858
July 1 to Jan. 31. ..12,642,757 li;624,891 4,460,618 4,379,628
86,849
Mexican National.a. Jan.
322,713
345,601
87,630
N.Y.L.E.&Western.cJan, 2,186.570 2,172,279 *454,237 *57 ,252
Oct. 1 to Jan. 31...10,386,302 9,777,077 *3,166,656 ’3,145,108
115,088
50,164
49,701
N. Y. Sub. & W est.b. Jan. 113,932
7,264
Norfolk & Southern..Jan.
29,896
695.503
167,755
188,003
Norfolk & West’n.a..Jan.
700,942
132,937
131,851
495,561
549,910
Northern Central.b.Jan.
73,970
79,286
328,213
359,575
Ohio & Mississippi.aJan.
757,637
707,899
July 1 to Jan. 3 1 ... 2,647,386 2,507,711
54,182
68,884
197,973
183,276
Rio Grande West’n .b Jan.
644,044
579,594
July 1 to Jan. 3 1 ... 1,629,311 1,397,626
40,231
21,031
90,699
121,402
St. Paul & Duluth.b. Jan.
373,351
486,445
964.503
July 1 to Jan. 3 1 ... 1,203,028
Southern Pacific RR.—
57,035
73,482
149,380
170,154
Coast Division b . .. Dec.
Jan. 1 to Deo. 31. 2,345,665 2,389,048 1,209,041 1,073,748
207,041
456,854
101,166
South’nDivisionb..Dec.
616,594
Jan. 1 to Dec. 31.. 6,934,159 6,407,422 2,642,506 3,177,892
35.831
150,385 def. 5,462
156,969
Arizona Divis’n.b..Dec.
570,414
685,932
Jan. 1 to Dec. 31.. 2,028,689 2,000,594
14,810
23,700
73,362
78,492
New Mexico Div.b.Dec.
452,910
452,375
Jan. 1 to Deo. 31.. 1,049,260 1,030,951
15,738
9,406
Whitebr’ stFuel Co...Jan.
91,734
72,875
July 1 to Jan. 3 1 ...
—January 1 to December 31.1890.
1891.
Arizona & New Mexico—
256,063
232,999
97,804
1140,230
Net earnings..,
Char. Sum. & Nor.—
Gross earnings..,
Net earnings..............
Kan. City Wyan. & N. W.—
Gross earnings...............
92,769
* 158,259
137,664
131,976
5,688
320,506
- 356,194
1293,562
1330,772
def.35,688
îdef.37,210
404
THE CHRONICLE.1
[ V o l . L1Y,
----- January 1 to December 31.----->
1890.
1889.
1891;
2 , 3 ,110 § 2 1, 02 6 $ 2 010 ^ 4
Carried forw a rd . .......................... $ 2 16 4
3 7 ,7 0 4 , 3 6
1391.
1890.
196,978
109,312
$
$
Phila.& Trenton—Construct’ n 1,233,682
108,340
51,276
1,299,478
1,299,478
Real estate...................
272,606
289,109
326,530
Other companies......................13,897,554 15,697,302 13,587,321
Net earnings........ ......................
88,638
58,036
Cash balance in London............... 1,220,716
1,123,809
1,220,331
2,976,741
Cash in hands of agents.......... .
2,759,152
a. Net earnings here given are after deducting taxes,
2,989,295
Cash in hands of Treasurer.......... 4,788,350
6,212,729
7,109,552
i) Net earnings here given are before deducting taxes.
•e Net earnings are here given after deducting taxes on property.
T otal............. ......................... 246,043,759 258,454,348 266,727,871
* After deducting proportion due roads operated on a percentage
basis, net in January 1892, was $273,665, against $387,801 in 1891;
Liabilities.
and October 1 to January 81 $2,269.142, against $2,255,518.
1889.
1890.
1891.
t Includes expenditures for repairing damages done by floods ef
$
$
$
February, 1891, amounting to $52,562.
Capital stock...................................113,488,600 123,082,050 126,771,200
XEmbracing the period from March 24 to December 31.
Funded debt................................... 67,208,165 66,307,840 66,166,840
Mortgages and ground rents....... 2,923,381
3,084,286
3,014,286
Penn. Co. for insurance on lives,
Interest Charges and Surplus.—The following roads, in
&c., “ Trust certificates.” .......... 8,089,000
7,915,000
7,909,000
addition to their gross and net earnings given above, also Har. Pt. Mt. J < Lan. stock, guar. 1,182,550 1,182,550 1,182,550
&
“
“ 4p.c. bonds, guar..
700,000
700,000
700,000
»eport charges for interest, &c., with the surplus or deficit
Pass’r balances due other roads.
974,339
995,352
above or below those charges.
Freight balances due other roads.
............
440,963
1,018,796
............
Inter’t , rentals, dtc.— Bal. o f Net Earns.-* Payments for leased equipment.
*
80,500
161,000
1891-2.
1890-91.
Pay-rolls and vouchers................
6,611,328
1891-2. 1890-91.
7,332,425
6,849,610
Cash dividend unpaid...................
127,189
72,791
Roads.
89,271
$
$
$
$
1,272
1,260
95,686
810,000
795,186
129,589 df. 180,437 Dividend scrip and unpaid in t...
Chic. Burl. & Quin...Jan.
Sundry ace’ts due other roads... 12,431,843 12,651,078 15,127,798
81,716 Securities of Onited N. J. Co.’s
68,960
208,064
212,351
d e v . C. C. & St. L .. Jan.
864,860
July 1 to Jan. 3 1 ... 1,498,408 1,512,574 1,026,744
trausferred with the lease....... 3,774,895
3,733,445
3,733,445
4,499 Equipm’ t of United N. J. Co.’s
7,640
89,790
88,227
Kan. C. Ft. 8. & M ..Jan.
191,528
transferred with lease............... 1,006,346
July 1 to July 3 1 ...
280,188
853,626
931,921
656,636
625,254
Fund for purchase of securities
4,257,815
guar, (trust of Oct. 9 ,1 8 7 8 ).... 4,065,695
4,159,193
421,433
.........
Trustees of consol, mort...............
3,715^906 4,040,680
Consol, mort. bonds sink’g fund. 3,391,100
ANNUAL REPORTS.
Balance to profit and l o s s .......... 20,063,056 22,017,794 24,334,834
Tol. & Ohio Cent. Extension—
Gross earnings...............................
■ Operating expenses....................
Total..........................................246,043,759 258,454,347 266,727,871
Pennsylvania Railroad.
( For the year ending December 81, 1891.^
Central Railroad o f New Jersey.
The full text of the annual report of Mr. G. B. Roberts,
( For the year ending December 81, 1891. J
President of this company, will be found on a subsequent
The report for 1891 has not been issued, but the C h r o n ic l e
page, containing statistics of the traffic and earnings of the
past year. Remarks upon the report will also be found in the has been furnished with a brief statement of the year’s re
sults, as given below :
éditorial columns. The earnings, general income account and
EARNINGS AND EXPENSES.
balance sheet for three years, compiled for the C h r o n ic l e ,
1891,
1888.
1889.
1890.
are given herewith, presenting an interesting comparison.
Earnings —
$
$
$
$
EARNINGS ON ALL LINES, BOTH EAST AND WEST OF PITTSBURG & ERIE.
1889.
1890.
1891.
$
$
$
Gross earnings..........................122.9 :7,337 133,521,623 134,254,613
Operating expenses.................. 83,811,128
92,003,365
91,819,660
Net earnings....................... 39,106,209
41,518,258
42,434,953
Pass’r and freigh t.... 5,398.290
Anthracite coal........ 7,500,653
Mail, express, & c ....
278,530
5,899,119
7,314,539
253,736
Net earnings....... 5,973,105
5.965.657
Premium account..................
1889.
1890.
1891.
$
$
$
Net income Penn. HR. Division. ..10,870,351 11,030,401 12,257,432
+396.885
-2 7 6 ,4 5 6
Net loss or gain on Un. N.J.D iv___ +138,712
¡Loss on Phila. & Erie D iv.............
16,316
1,644
9,135
Balance....................................... 10,992,747 11,425,642 11,971,841
From this balance deduct—
93,498
98,622
Payments to trust funds.................
87,433
324,800
Consol, mort. sinking fund aoc’nt.
324,800
324,780
119,005
Allegheny Valley ER. - Deficiency
160,179
274,062
'Penn. Canal on acc’ t of interest...
188,510
Am. 88. Co. guar, interest........ .....
45,000
Extraordinary expenses not prop„erly chargeable to capital.......... 1,530,913
1,632,024
1,510,758
2,336,835
Balance to credit of income after
deducting all payments................ 8,655,912
D ividends..,......................... ... . . . . 5,327,270
Bate of dividend.............................
(5)
Balance to credit of profit and loss
account for year........................ .. '3,328,642
Balance in settlement of claims
and old accounts, &c..................... +119,370
Balance........................................ 3,448,012
Expenses acc’t of floods June. ’ 89,
debited to profit and loss, &o---- 2,609,325
2,169,327
2,208,222
9,256,315
6,241,873
t58i)
9,763,619
7,495,598
(6)
3,014,442
2,268,021
........
+49,019
3,014,442
2,317,040
1,064,704
.........
838.687
1,949,738
2,317,040
Add profit and loss Jan. 1............. 19.229,368 20,068,056 22,017,793
Balance profit and loss Dec. 31 ..20,068,055 22,017,794 24,334,833
GENERAL BALANCE DECEMBER 31.
Assets.
1890.
1889.
1891.
Oonstruct’n, equip’t.&o.. railroads
$
$
S
between Phila. and Pittsburg..90,204,206 93,935,783 101,884,163
Cost of bonds of railroads........... 35,919,813 37,615,878
38,049,144
Cost of stocks of railroads..........66,106,632 66,982,746
68,021,735
Cost of bonds and stocks and in8,585,109
vestm’ts not otherwise enum’t’d 7,808,471
8,528,902
Managers of Trust created by
4,065,695
Penn. RR. Co. Oct. 9, 1878....... 3,978,261
4,159,193
lPenn. RR. consol, mort., less re
1,943,920
deemed and canceled...........
1,622,030
2,268,700
10,000
Insurance fund........ _..................
10,000
10,000
50,250
Mortgages and ground rentals...
68,150
31,450
565,163
Freight balances due...................
205,190
Securities of United N. J. Comp’s
transferred with lease............... 3,774,895
3,733,445
3,733,445
. -Equipment of United N. J. Co.’s,
931,922
transferred with lease............... 1,006,346
853,626
4,563,173
Fuel and materials on hand........ 4,030,595
4,314,050
' Bills and accounts receivable, 6c
amounts due from other roads,
including advances, viz.:
United N. J. RR. A Canal Co.—
3,795,604
Construction........................ 2,923,999
3,795,604
2,237,780
8’k’g fund and redempt’n .. 2,122,460
2,350,700
2,056,301
Real estate............................ 1,873,062
2,194,650
7,257,533
7,028,290
369,864
Total earnings.... 13,177,473 13,497,394 14,126,563 14,653,687
8,526,168
Oper. exp. and taxes. 7,204,068
7,531,737
8,161,276
The following statement shows the detailed income account
INCOME ACCOUNT.
«of toe Pennsylvania Railroad Company for the years 1889,
1889.
1888.
1890 and 1891, the net income ” given in [the first line being
Receipts—
$
$
the amount of income after deducting interest payments, Net earnings.............. 5,973,405 5.965.658
Income from invest.. 1,507,159
799,238
rentals, &c.
INCOME ACCOUNT.
7,051,524
6,725,696
349,343
5,965,287
6,127,519
1890.
$
5,965,288
837,293
322,753
1891.
$
6,127,519
844,628
52,648
Total net income. 7,480,564
Disbursements —
Rentals paid........ .
1,862,127
Interest on debt........ 2,860,314
Dividends...................
....
Rate of dividend....................
6,764,896
7,125,334
7,024,795
1,890,381
2,828,632
835,719
1,819,815
2,798,148
1,117,092
(6)
1,897,771
2,739,579
1,455,431
<6ifl)
Total disbursm’ts.. 4,722,441
Surplus....................... 2,758,123
5,554,732
1,210,164
5,735,055
1,390,279
6,092,781
932,014
N orfolk & Western R ailroad.
( For the year ending Dec. 81, 1891.^
A preliminary statement has been issued by this company
showing the earnings and income account approximately, and
also the balance sheet, for the year 1891. The figures include
the Scioto Valley and Maryland & Washington (Shenandoah
Valley) divisions and for the purpose of comparison the earn
ings and expenses of these divisions have been included in
figures for the corresponding period in 1890.
The comparison of local and through traffic on the Norfolk
& Western is always interesting, for although the road is part
of a conspicuous through line its earnings from local.freights
are over four times as large as those from through freight,
this being due in large measure to its coal business. The
earnings from through and local traffic compare as fellows:
1891,
1,091
Passenger Earnings—
$
Earnings from local passengerB..........
1,647,081 56
Earnings from through passengers.......... 172,511 57
U. S. mail, express, &c...............
278,132 59
Average mileage.........................................
Total.................
2,097,725 72
1890.
1,031.
$
1,670,274 16
197,610 09
269,838 85
2,137,723 10
Freight E arnings—
Earnings from local freight..............................5,599,546 36 5,064,150 28
Earnings from through freight....................... 1,380,39877 1,281,732 42
93,508 49
Other earnings in freight account............ 110,37116
Total........................................................ 7,090,316 29
Total earnings.......................................... 9,188,042 01
6,439,391 19
8,577,114 29
The following comparative statement for four years has
been prepared for the C h r o n ic l e :
Miles operated.......
Operations —
1888.
594
1889.
638
1890.
Aver. 826
1891.
Aver. 1,091
Passenger...................
F reight........................
861,778
3,820,166
$
$
940,305 1,612,260
4,417.315 5,727,784
221,871
239,504
217,654
1,886,983
5,795,945
$
1,819,593
7,090,316
278,133
Total gross earns..
Oper. exp. and taxes.
4,899,598 5,597,124 7,561,915
3,001,927 3,483,352 4,838,610
9,188,042
6,009,767
Net earnings..........
1,897,671 2,113,772 2,723,305
3,178,275
Passengers carried..
Freight (tons) car’ed.
E a rn in g s—
Mail, express, &o—
842,226 1,519,675
771,248
2,763,376 3,430,114 5,044,278
$
THE CH RONICLE
March 5, 1892. J
INCOME ACCOUNT.
1891.
$
3,334,920
1890.
1888.
1889.
ß
$
$
2,957,225
2,045,109 2,257,920
Net income*.............
Disbursem ents —
2,266,130
Int. on bonds, A c ....
1,296,551 1,451,265 1,814,008
88,607
Miscellaneous...........
41,608
(3)1,072,500
Div. on pref. stock.. (l^JSSO.OOO (8)660,000 (3)735,000
Tot’l disbureem’ts.
Surplus.......................
1,626,551 2,152,873 2,637,615
418,558
105,047
319,610
»,338,630
tdef.3,710
* Includes income from investments, Ac.
t Add $135,000 re
ceived under agreement with Shen. Val. RR., making a surplus for the
year of $131,290.
Louisyille New Albany & Chicago Railway.
( F o r six months ending December 31, 1891.J
A report for six months has been issued by Gen. Samuel
Thomas, President, covering the half-year from July to De
cember, 1891, inclusive. This report says that the directors
have passed a resolution advising that the annual^meeting
and fiscal year of the company should be brought into con
formity with the Inter-State Commerce law, which requires
all railways to make report to the Government for the twelve
months ending June 30 in each year, and hereafter the yearly
report will be made to June 30, and the annual meeting of
stockholders will be held in September of each year.
“ The recent issue of $3,200,000 additional stock, offered to
stockholders on January 15th ult., was all sold, and the capital
thus secured is being expended according with previous ad
vices to the shareholders in providing increased facilities and
equipment, thus tending both to increase earnings and to
diminish expenses. Your General Manager, Mr. McDoel, ex
presses the greatest confidence that the result of the full year’s
operations will show a marked improvement over the semi
annual period herewith presented.”
EARNINGS, EXPENSES AND FIXED CHARGES FOR THE BIX MONTHS—
JULY 1 TO DECEMBER 31 1891.
Gross earnings........................... ............. ....................................
Operating expenses, incl. t a x e s . . . . . . . . .. . . . . . . ......................... 1,095,569
Net earnings...............................................................................
Fixed ch a rges.......................... ......... .................. — . . . . . . .
$473,098
448,609
Surplus..................................... ; .............................................. .
$24,488
GENERAL BALANCE SHEET DECEMBER 8 1 .
Assets—
Road and equipment....................
Car trusts......................................
Investments..................................
Materials and fuel........................
Bills and accounts receivable...
Cash,................. .......................
General mortgage bonds owned.
C. W. & I. sinking fund..............
Indianapolis terminals...............
Profit and loss.............................
1890.
$
15,959,479
125,425
891,604
195,829
339,400
68,048
. 2,800,000
70,568
107,665
20,558,018
Liabilities —
Stock...............................................
Bonds (see S u p p l e m e n t ) .............
Bills and accounts payable........
Loan for Indianapolis terminals.
Interest accrued..........................
Profit and lo s s ...l....................... .
5,000,000
12,800,000
2,313,106
193,750
251,161
1891.
$
18,288,513
143,447
922,937
118,601
383,772
39,783
405
Charleston & Savannah.—The annual meeting was held in
Charleston on February 29. The following report was ren
dered of the earnings and disbursements o f the road during
the fiscal year: Earnings, $719,377; expenses, $516,881; sur
plus, $202,496. After deducting the taxes, fixed charges and
for steel rails purchased last year the balance to profit and loss
account was $62,108, from which was declared a dividend o f
6 per cent on the first preferred income bonds, payable on and
after April 1 next.
The fiscal year of the company was changed to close June
1 of each year, and the annual meeting of the stockholders
will hereafter be held in November.
Chicago Gas—Economic Gas—The Chicago City Council
on Feb. 29 unanimously adopted resolutions declaring the
franchise of the Economic Gas Company forfeited and order-'
ing the Commissioner o f Public Works and the Superinten
dent of Streets to take charge of and control the company’s
plant in Chicago. The principal reason given for this action
was the violation of the conditions under which the franchise
was granted in regard to not combining with other com
panies.
Chicago Junction Railways & Union Stock Yards.—About
three-fourths of the stock of the Chicago Junction Railways
Sc Union Stock Yards Company was represented at a special
meeting of shareholders held in Jersey City. A proposition
to change the nature of the company’s business by establish
ing, maintaining and operating, near the stock yards in Chi-,
cago, certain warehouses, docks and other improvements to
aid the Union Stock Yard Sc Transit Company in improving
and developing its property and business, and to acquire and
establish additional land and warehouses or other improve
ments near or in the city of Chicago or elsewhere, was
adooted. The meeting also ratified by a large majority the
contract for fifteen years with the Messrs. Armour, Morris,
Swift and other meat packers. This contract was referred to
in the C h r o n ic l e of Feb. 20, p. 328.
New York & Northern.—At the last meeting of the direc
tors of the New York Sc Northern Railway Company a com
mittee was appointed to report a plan for reorganization.,
This committee submitted on Wednesday its report, and thi3
was referred to another committee representing holders o f
the second mortgage bonds, of which about $1,985,000 in in
terest were represented. The report was as follows :
The Interest upon the first mortgage has been earned each year, and
therefore these bonds cannot be disturbed. The company Is not earn
ing the interest upon the second mortgage bonds and cannot do so, in
the opinion of your committee, unless additional expenditures aremade for the purpose of developing the traffic. Your committee there
fore suggest that the second mortgage 4 per cent bonds should be ex
changed for a 5 per cent first preferred stock at par for the principal
and one year’s interest, dollar for dollar, and the mortgago canceled.
87,216 The present preferred stootc to be stamped as consenting to the agree
89,175 ment and to he entitled second preferred stock.
348,902
The common stock to he stamped as consenting to the agreement
The three classes of stock to grant the power to the board of directors,
20,422,346 to create a mortgage and issue mortgage bonds by a vote of 9 out o f 13 directors. The funded debt and capital stock would then be as follower
6,400,000 First mortgage five per cent...................................................... $1,200,000
12,800.u00 First preferred stock................................................................... 3,328,000
902,262 fceoond preferred stock.............................. ................................. 6.000,000168,750 Common stock............................................................................... 3,000,000151,333
DEBENTURES FOR CURRENT LIABILITIES.
In reference to funding the floating debt the committee suggests that
20,422,346 debentures carrying five per cent, maturing in five years, be issued to
20,558,017
meet current liabilities. The consideration of extensions, improve
Lehigh & W ilkesbarre Coal Company.
ments and betterments need not be considered except in ja general
way, as your committee believe the directors of the reorganized com
(F or the year ending Dec. 31, 1891.,/
pany will issue a consolidated mortgage for the purpose of meeting the
The reports of the President, Mr. J. Rogers Maxwell, give maturity of the existing first mortgage, the debentures proposed, and
docking and
the following as the results of the operations of the company to provide forshops, double filling the High Bridge property, new steel
rails, depots,
tracks, Ac., and for branches to Tarrytown,
for the years ending Decemher 31, 1890 and 1891:
Sing Sing, White Plains, Danbury and Hopewell, as the directors may
then deem advisable.
1890.
1891.
Production o f coal (tons)—
Your committee recommend that this plan be carried out without
1,697,805
2,026,497
Wyoming Division................
. 517,339
545,789 foreclosure of the second mortgage, provided 90 per cent of the bond
Honey Brook Division........
holders aocept the terms and conditions of the plan suggested.
In case, however, that the aoceptauceof such a proportion of the
2,215,145
2,572,286
. 335,644
370,670 bondholders and the consent of the stockholders cannot be obtained,,
Purchased
your committee suggest that you advise the second mortgage bond
2,550,789
2,942,956 holders to foreclose their mortgage and to reorganize the company
Total..
plan.
.
In addition to the above 784,759 tons of coal were mined on the foregoing your committee are of the opinion that ■
In conclusion,
when the reor
from the company’s properties by other parties, under leases. ganized company is in a condition to develop its traffic as suggested,
that the earnings will increase to such an extent that the first pre
INCOME ACCOUNT.
ferred stock will be of greater value than the present second mortgage
1891.
1890.
bonds.
Receipts —
$
$
R. S. H a y e s , Chairman.
9,128,162
From sales of coal.................................................. 8,181,039
G. G. H a v en ,
321,520
From other sources............................................... 335,677
Ch a r l e s T. B a r n e y .
Total..................................................................... 8,516,716
From which was paid for mining, taxes, trans
7,688,803
portation, etc..............................
9,449,682
Net earnings........................................................
Paid for interest on mortgage debt,bills payable
and sinking fund charges.....................................
1,015,282
827,913
963,134
Balance..................................................... ....d el. 135,220
8,434,400
989,638
but.
25,644
G E N E R A L IN V E S T M E N T N E W S .
Allegheny Talley.—At Pittsburg, Feb. 27, a circular was is
sued by the reorganized Allegheny Valley Railway Company
announcing the election by the directors of W. H. Barnes as
President and the retention of David McCargo as General
Superintendent. The company is now under the control of
the Pennsylvania Railroad.
Called Bonds. — N o r t h e r n P a c if ic R a il r o a d . — The
numbers of 80 bonds of the Missouri Division, called for pay
ment, will be found in our advertising columns. Interest
ceases May 1.
The committee of second mortgage bondholders is composed
of Messrs. R. S. Hayes, C. T. Barney, George Coppell, of Mait
land, Phelps & Co.; William Mertens, of Von Hoffman Sc Co,,
and O. H. Payne.
Norfolk & Western.—President Kimball, of the Norfolk &
Western Railroad, issued the following notice: On and after
February 29 the Norfolk Sc Western RR. will assume the manage
ment and operation of the Lynchburg & Durham and Roanoke
Sc Southern railroads. The Lynchburg & Durham Railroad
will be operated as the Durham division and the Roanoke Sc
Southern as the Winston-Salem Division.
The Roanoke Southern Railroad, in which Baltimore capital
is interested, has been leased by the Norfolk Sc Western, and
the lessee company guarantees the principal and interest of
the Roanoke Southern first mortgage bonds to the amount of
$2,000,000. The Roanoke Southern extends from Roanoke '
southward through Virginia and North Carolina to Winston,
122 miles. It will become an important connection of ; the
Norfolk & W estern system.______________________________ ’
P * For other fiaiiroM aad luvestiuent Xewtt see Page 410»
406
THE CHRONICLE.
% & p o x ts
vend
[V ol. U V .
JJixcttmjeuts.
F O R T Y -F IF T H A N N U A L R E P O R T OF T H E PEN N SYLVAN IA
R AILR OAD CO M PANY.
O f f ic e
of the
PENNSYLVANIA RAILROAD COMPANY,
P hiladelphia , March 1st, 1892.
The Board of Directors submit herewith their report for the year 1891.
MAIN LINE AND BRANCHES, PHILADELPHIA TO PITTSBURG.
Earnings...................................................................................................................................! .................................................$41,110,518 85
Expenses...................................... ............................................................................................................................................. 26,284,105 61
Net earnings.......................................... ........................................................... ................................................... ................$14,826,413 24
Add interest from investments (in cash), also for use of equipment and from other items.......................................... 5,522,480 44
* Total............................................................... ......................................................................................... i ......................... $20,348,893 68
Deduct rentals paid branch roads, interest on bonded debt, State tax on dividends, and other items....................... 8,091,461 24
Net income Pennsylvania Railroad Division......................................... - - .......................................................
PHILADELPHIA TO NEW YORK AND BRANCHE8.
Earnings
Expenses
$12,257,432 44
$18,995,592 11
, 14,905,788 66
Net earnings from operating.............................................................................. ................................................................... $4,089,803 45
Add interest from investments, and rents..................................................... - ....... ..................................................... .........
497,416 58
Total........................................................................................................ ............. ....... ............. ......................................... $4,587,220 03
Deduct payments on account of dividends, interest, rentals, &c......................................... ............................................. 4,863,675 66
Not loss under the lease of United New Jersey Railroad & Canal Company’s property.................................. .......................................
Balanoe
276,455 63
$1 1,980,976 8 i
PHILADELPHIA & ERIE RAILROAD AND BRANCHES.
Earnings........................................................................... ............................................................. . .................
Expenses.................................................................. ............................ ..................... ..........................................
$7,320,729 85
4,757,550 35
Net earnings................................................................................ ...................................................................
Deduct payments on account of rentals.................................... .................^.................... .......................... .
$2,563,179 50
2,572,814 24
Loss on Philadelphia & Erie Railroad Division, including branches operated in connection therewith.
9,134 74
Balance
$11,971,842 07
$11,971,842 07
From this balance of income for the year...................... ................................................... ......................... ............... ......... .............
the following amounts have been deducted, viz
$98,622 42
P a y m e n t t o F o n d f o r t h e P u r c h a s e o f S e c u r it ie s G u a r a n t e e d b y t h e P e n n s y l v a n ia R a i l r o a d C o .......
P e n n s y l v a n ia R a i l r o a d C o m p a n t ’ s C o n s o l id a t e d M o r t g a g e B o n d s , sinking fund a c c o u n t .............. .
324,780 00
A l l e g h a n t V a l l e y R a il r o a d C o m p a n y —
Payments on account of guaranty of principal and interest of bonds..............................................................................
E x t r a o r d i n a r y R e p a ir s .
274,061 68
Amount expended in straightening and revising lines and grades, and for other purposes not properly
chargeable to capital acoount................................................................................................................................................. 1,510,758 09
----------------------
2,208,222 19
Balanoe..........................................................................
Out of which was paid a dividend of six per cent.
$9,763,619 88
7,495,597 50
Amount transferred to credit of profit and loss for the year 1891............................................................. ......... ........... ............................
To which add amount received in settlement of sundry aocounts... .■
...................................................... .................................................
$2,268,022 38
49,018 66
Add amount to credit of profit and loss December 31st, 1890,
$2,317,041 04
22,017,793 29
Balance to credit of profit and loss December 31st, 1891.
$24,334,834 33
The foregoing statements show a net income of $11,971,842 07. After deducting the amounts properly chargeable thereto,
there is a balance for the year of $9,763,619 88. Out of this there were paid dividends of six per cent, being an increase in the
amount distributed to the shareholders of $1,253,724 50 as compared with 1890, and a balance of $2,268,022 38 was transferred
to the credit of profit and loss, making the aggregate thereof at the end of the year $24,334,834 33.
The above results may be considered quite satisfactory in view of the depressed condition of the mining and manufactur
ing interests, upon the prosperity o f which the revenues of your Company so largely depend. The dividends declared,
amounting to about seven and a half millions of dollars, exceeded, both in rate and amount, those paid by any o f the large
railway systems traversing the same territory occupied by your lines. While the lines west of Pittsburg, for the same rea
sons, show a decreased volume of tonnage, their net results are better than for 1890, both the Pennsylvania Company and the
newly consolidated Pittsburg Cincinnati Chicago & St. Louis Railway Company showing an increased surplus over all lia
bilities, and the latter Company, in the first year of its operation, being able to pay a dividend on its preferred stock.
SINKING FUNDS.
Under the provisions of the consolidated mortgage of the Company, $324,780 were set apart on the first day of July last
out of the net income as a sinking fund for the redemption of the outstanding bonds secured by that mortgage. None of the
bonds could be purchased under the terms of the Trust, and the amount was placed to the credit of the trustees for invest
ment under the terms of the mortgage. There are $2,532,833 21 in cash and securities in the fund for the redemption of
these bonds.
The trustees of the sinking fund for the redemption of the Trust certificates issued for the purchase o f the shares of the
capital stock of the Philadelphia Wilmington & Baltimore Railroad Company were able to purchase only $6,000 of these
securities during the past year at the limit fixed in the Trust agreement. The total amount o f these certificates purchased
and canceled to December 31, Dfil, is $2,091,000, leaving outstanding $7,909,000.
Under the provisions of the four per cent Equipment Trust Gold Loan, there was paid to the trustee during 1891 for the
sinking fund, the sum of $144,850. The trustee was able to obtain $141,000 of the bonds at the price fixed in the lease; of the
balance, $3,300, together with $7,060 44 remaining from last year, were invested in equipment under the terms of the contract,
and the sum of $638 75 remains in the hands of the trustee for future investment.
There are now in the sinking fund, for the redemption o f the obligations of the various companies forming the United
New Jersey Railroad & Canal Company, securities of the par value of $4,343,000, and a cash balance, uninvested by the
trustees, of $91,318 21, making an aggregate of $4,434,318 21.
FUNDED DEBT.
The funded debt, including mortgages on real estate and ground rents, is $77,090,126 39, a decrease of $217,000 during
the year, explained as follows—
Philadelphia Wilmington & Baltimore Railroad stock trust certificates redeemed........................................................................................
$6,000 00
Equipment trust gold bonds redeemed............................................................................................................... ..................................................... 141,000 00
Mortgages and ground rent9 paid................................ ............................. . ............................................................................................................
70,0o0 00
$217,000 00
CAPITAL STOCK.
The amount of capital stock outstanding at the close of the year was $126,771,200, an increase of $3,689,150, due to the
conversion into capital stock of that amount of scrip issued on account o f the dividend on May 29th, 1891.
SECURITIES.
During the year there was an increase in the cost of securities of $1,416,047 55, and an increase in the par value thereof of
$3,325,912 17.
The entire cost of the securities of other corporations now held by your Company is $114,599,781 73, and the direct revenue
received therefrom was $4,852,181 09, which continues to be in excess of the interest on your funded debt.
THE CHRONICLE.
March 5, 1892.]
407
CAR TRUSTS (not included in above statement of funded debt.)
Further provision was made during the year, under the Car Trust system, for the equipment of your lines, by the issue o
$1,031,000 Car Trust certificates, bearing four per cent interest. Under this authority 1,000 hopper gondolas have been added
to the equipment of the Main Line for special service in connection with the Susquehanna Coal Company, and 925 box c ar
furnished to the Pennsylvania Company.
The 50,922 cars placed on your lines east and west of Pittsburg, including those sub-leased to affiliated lines through the
system o f Car Trusts, represent a cost o f . . . . ............................................................ ................................................................................... $26,457 000 00
Total amount of certificates redeemed to December 31st, 1891
In full payment for 20,784 cars.................................................. ..................................................... .................................... $11,337,000 00
In partial payment for 30,138 cars.......................................................................................................................................... 7,475,000 00
---------------------- 18,812,000 00
Balance of certificates outstanding December 31st, 1891.....................................................................................................................
$7,645,000 00
There has been expended for construction, equipment and real estate as follows :—
Pennsylvania Railroad and branches.............................................................................................................................................................. $4,868,805 52
United Railroads of New Jersey................................................................................................................................... ....................................
133 350 15
Philadelphia & Trenton Railroad.................................. ....................................................................................................................... 37’420 41
'A n d for improvements and extensions on branch and auxiliary lines operated by the Company...................... .
2,325*742 14
T o ta l....................................................................................................................... |........................................................................................
On account of these advances there has been received from those companies, in cash......................................1 ....................................
$7,370,318 22
1,002 859 68
Total amount expended on capital account in 1891.................................................................................................................................
$6,367,458 54
There were used in construction and repairs on the Main Line, 39,078 tons of steel rails and 1,333,136 ties ; on the Uuited
Railroads of New Jersey Division, 7,220 tons of steel and 292,474 ties ; on the Philadelphia & Erie Railroad Division, 6,276 tons
of steel and 267,702 ties—making a total of 52,574 tons of steel and 1,693,312 ties.
There were built at Altoona, and.your other shops east of Pittsburg and Erie, for the Main Line and other roads in your in
terest, on capital and repair account, 177 locomotives, 89 passenger cars, 29 baggage, express and mail cars, 2,220 freight cars,
6 refrigerator cars and 394 cabin and maintenance of way cars.
The percentage of operating expenses to earnings on all lines east of Pittsburg and Erie was 68*14 for 1891 and 67*94 for
1890, showing an increase for the year 1891 of *20 per cent.
The coal shipments increased 2,626,001 tons, or 18*03 per cent, while the coke shipments, owing mainly to the protracted
strike in that region, decreased 853,512 tons, or 15*26 per cent. The coal and coke tonnage of the Pennsylvania Railroad
Division was 57‘72 per cent of its total tonnage.
M The aggregate coal and coke shipments over the Pennsylvania Railroad Division amounted to 21,931,366 tons, as against
20,158,877 tons in 1890, an increase of 1,772,489 tons, or 8*79 per cent.
6
The total shipments of oil over the Pennsylvania Railroad Division during the year 1891 amounted to 3,182,801 barrels,
against 4,489,193 barrels in 1890, showing a decrease of 1,306,392 barrels.
The result of the operations of your four coal companies shows an increase in gross earnings of $123,936 55, an increase
in expenses of $891,897, and a decrease in net earnings o f $767,960 45.
Total tons mined in 1891, 2,597,930. Increase compared with previous year, 249,023 02 tons.
.^ e
Per fc°n
point of sale, aggregating the results of the four coal companies for 1891, were $3 02, as
agamst $8 07 m 1890.
’
LINES WEST OF PITTSBURG.
The following statement gives the result of the lines west of Pittsburg operated by the Pennsylvania Company and
the Pittsburg Cincinnati Chicago & St. Louis Railway Company :
1891.
The total earnings o f the P e n n s y l v a n ia C o m p a n y on lines operated directly b y it were
Leaving net earnings.....................................
From this deduct—
Rental, interest, and liabilities of all kinds chargeable thereto
1891.
$21,105,977 71
12,655,405 09
...................................
$8,450,572 62
6,724,634 26
Net profit on Pennsylvania Company’s lines.
The total earnings of the P it t s b u k o Cin c in n a t i C h ic a g o & St . L o u is R a i l w a y C o m p a n y on Hues
operated directly by it were.....................
Leaving net earnings.............................
From this deduct—
Rentals, interest, and liabilities of all kinds chargeable thereto
....................................
$1,725,988 3 6
$17,578,629 84
13,003,955 17
$4,574,674 67
3,683,991 79
Net profit on Pittshurg Cincinnati Chicago & St. Louis Railway Company’s lines
890,682 88
Net profit on lines west of Pittsburg for 1891
Net profit on lines west of Pittshurg for 1890
$2,616,621 24
1,700,615 92
.........................
Comparative increase on lines west of Pittsburg for 1891
$916,005 32
The other lines west of Pittsburg, on account of which your Company has assumed direct obligations, or in which it is
largely interested through ownership of securities, but which are operated through their own organizations, are, the St. Louis
Vandalia <x lerre Haute Railroad ; Grand Rapids & Indiana Railroad, and roads operated through its organization ; East St,
Louis oc Larondelet Railway ; Cincinnati & Muskingum Valiev Railway and the Waynesburg & Washington Railroad.
1891.
The aggregate gross earnings of these roads were
Net earnings............................
Deduct rental, interest, &c.............
............................................
Profit.....................................
Showing a comparative increase for 1891, compared with 1890, o f .............
$1,615,658 34
1,550,769 77
$64,888 57
y°nr Company, under existing contracts, is entitled t o ........................... .
Which, added to the profit shown in the above statement
Leaves a net profit on all lines west of Pittsburg for 1891
Profits on lines west of Pittsburg for 1890
1891.
$5,625,676 21
3,910,017 87
........................................
$46,348 98
2,616,621 24
$2,662,970 22
1,756,932 46
$906,037 76
The amount expended during the year on capital account on the lines west of Pittsburg was $2,603,417 91.
.
ln e main items of betterment expenditure on your Western lines were in the construction of second, third and fourth
tracKs and sidings, the extension of yard facilities, the erection of bridges and viaducts, the improvement of the docks at the
Laxe ports, tne purchase of real estate at the termini of the various divisions, and additions to your equipment. The funds
for these purposes were largely advanced by your Company.
These lines have now reached a point where the volume of their traffic requires a large extension of double track, especial
of the excePtlonal demands that will be made in connection with the Exposition at Chicago in 1893. It will
S ^ « n g i a X r v “ n m S lS S 6of doUara“
“ d ° “ additional
P°WM and equipment during the current year
i q ®0?7trU ti0n 7 nd
C(.
on the Northwestern lines operated directly in your interest 9,435 tons of new
steel rails, and on the Southwestern lines 11,023 tons, making an aggregate of 20,458 tons.
* On account of these advances to branch and auxiliary lines there have been received in securities of those companies, $934,885 19.
THE CHEONICLE.
408
[VOL. L I Y .
SINKING FUNDS.
There have been redeemed through the sinking fund $1,839,000 of the issue of $8,300,000 of the Pennsylvania Company’s
six per cent bonds, secured by Pittsburg Fort Wayne & Chicago Railway Company stock as collateral, leaving the amount
outstanding $1,361,000. No further redemptions could be made of the four-and-a-half per cent bonds secured under the
$20,000,000 mortgage of that Company, so that the amount outstanding at the close of the year was $19,467,000.
The report made by the trustees of the sinking funds o f the first and second mortgages of the Pittsburg Fort Wayne &
Chicago Railway Company shows that the regular annual payment of $104,100 was made thereto. They redeemed during
the year $124,500 of the first mortgage and $107,000 of the second mortgage bonds, making the total amount redeemed to
December 31st, 1891:—
First mortgage bonds.........; . . . . . . ......................... ............................................- •:....................................- •• •..................................................$1,998,000 00
•
Seoond mortgage bonds.............................................................................. ............................................................................................................ 2,411,000 00
With a balance of cash in the hands of the trustees, uninvested, December 31st, 1891
On account of first mortgage sinking fund.......................................... ...................... ......................................... *................ ....................- —
On account of second mortgage sinking fund...................................... - ......................... - .................................................................... . - *•—
25
759,7b9 78
.......... ................................................................... ......................... I .... .............................................. ..................... ........................ ..$1,707,316 83
The further amount of $175,549 32 was added to the sinking funds provided for the redemption of the existing mortgages
o f the Cleveland & Pittsburg Railroad Company in addition to the amounts contributed directly to other sinking funds by
the individuaFcompanies.
.
^
Under the terms of the lease, the Cleveland & Pittsburg Railroad Company authorized a new issue of $10,000,000 general
mortgage bonds to provide for the payment of maturing and other outstanding obligations, and the amounts due from time
to time for betterment expenditures. In pursuance of this arrangement, an issue of $3,000,000 of these bonds, bearing four
and one-half per cent interest was made on January 1st, 1892, and sold on satisfactory terms ; a portion of the proceeds being
used to pay off the $1,104,804 63 of prior lien six per cent bonds maturing at that date, and to retire $1,010,000 of their seven
per cent construction and equipment bonds.
The earnings of the Grand Rapids & Indiana Railroad Company were insufficient to meet the interest on its funded debt
and provide for the necessary betterment expenditures during the year, and it was deemed expedient for your Company,
under its guaranty of $4,000,000 of their first mortgage bonds, to purchase $275,380 of the coupons thereon, which amount
it is expected will be refunded to your Company.
It will be remembered that in pursuance of the guaranty o f these bonds the power to vote a majority of the stock of that
road is vested in your Company, until their maturity, October 1, 1899; but the Grand Rapids & Indiana RR. Company hav
ing, in connection with the owners of the lands that form an additional security therefor, offered to the holders of its seven
per cent bonds to extend them for fifty years, from July 1, 1891, at the rate of four and one-half per cent per annum, pro
posed to permit the voting control of the stock to remain with your Company, as above stated, until the maturity of the
extended bonds, provided your Comaany would guarantee the principal and interest thereof, amounting to $5,375,000, Be
lieving this arrangement to be to your interest, an agreement to the above effect was entered into March 18, 1891, and $952,000
o f these bonds had been so extended at the close of the year. There are yet outstanding $3,029,000 of the guaranteed, $458,000 of the unguaranteed land grant, and $936,000 of the ex-land grant seven per cent first mortgage bonds of that Company.
The land department made sales of 19,447 acres of farm lands, and 1,975 acres of pine land, for the aggregate price of
$191,093 96, being an average price of $8 92 per acre, and in addition thereto received from the sale of the timber rights on a
large body of land $161,500. The amount sold to the close of the year, after deducting canceled contracts, was 542,069 acres,
and the aggregate price received therefor was $7,159,052 74, an average of $13 21 per acre.
The assets on hand December 31st, 1891, applicable to the redemption of the first mortgage land-grant bonds were
Cash in the hands of thetrustees.........................................................................................................................................................................
Cash in the hands of casnier........ ...........................................................................................................................................................................
Bills and accounts receivable in hands of cashier.................................................................................................................... ........................
Bills receivable and securities in hands of tru stees..........................................................................................................................................
T otal........................................ .................. ............. ............................................................................................... ................. ................
$772,035 99
¿»763 25
416,091 95
813,679 44
$2,009,570 63
SUMMARY OF LINES OWNED, CONTROLLED AND OPERATED EAST AND WEST OF PITTSBURG.
1890.
1891.
L ines cast
o f Pittsburg
and Erie.
L ines west
o f Pittsburg
and Erie.
Total,
L ines east
o f Pittsburg
and Erie.
Lines west
o f Pittsburg
and Erie.
Total,
Gross earnings from traffic........................... ....... $90,044,328 75 $44,210,283 76 $134,254,612 51 $88,257,731 59 $45,263,890 97 $133,521,622 56
Expenses, excluding rentals, interest, divi
dends, &c.......................................................... 62,250,282 02 29,569,378 is) 91,819,660 15 61,089,488 21 30,913.87 6 56 92,003,364 7 7
Net earnings....................................................... $27,794,046 73 $14,640,905 63 $42,434.952 36 $27,168,243 38 $14,350,034 41 $41,518,257 79
FREIGHT TRAFFIC.
1890.
1891.
Number o f Tons
One Mile.
Number o f Tons.
Lines east of Pittsburg and Erie.............................
Lines west of Pittsburg.............................................
•a v
«Totals.....................................................................
Number o f Tons.
Number o f Tons
One Mile.
92,436,515
37,556,084
8,553,382.906
3,732,331,801
92,884,362
44,532,623
8.521,694,739
4,131,799,228
129,992,599
12,285,714,707
137,416,985
12,653,493,067
PASSENGER TRAFFIC.
1890.
1891.
Number o f
Passengers.
T in es east of Pittsburg and Erie...............
Lines west of Pittsburg.....................
Totals.........................................
Number o f Passengers
One Mile.
86,934,517
t"
Num ber o f Pass'grs
One Mile.
1,201,891,842
441,021,385
68,684,033
18,250,484
Number o f
Passengers.
66,199.752
17,912,708
1,171,328,701
428,205,644
1,642,913,227
84,112.460
1,599,534,34&
The aggregate amount of new steel rails used in construction and repairs in 1891 on all lines owned, controlled and
-operated by your Company east and west of Pittsburg was 92,694 tons.
GENERAL
REMARKS.
There has been paid the Managers of the Trust created October 9th, 1878, to December 31st, 1891, the sum of $4,159,192 98
the income therefrom amounts to $3,609,565 12, and securities have been purchased amounting at par to $7,688.0JO, yielding
an interest of 6-08 per cent for the year. There was appropriated to that Trust for the year 1891 the sum of $98,622 42.
In pursuance of the powers conferred by the provisions of the Trust the Managers were authorized by tne^ Board o f
Directors, April 8th, 1891, “ whenever, in their judgment, it should be to the interests o f the Company so to do, to exchange
any of the securities, held from time to time, in the Trust for other securities, the principal and interest or dividend upon
which is guaranteed by this Company ; and also from time to time to sell and dispose of any securities so held in the Trust,
provided that the proceeds thereof shall he invested in the purchase of other securities guaranteed as aforesaid by this Com
March 5, 1892. j
THE CHRONICLE.
409
pany.” This modification was found essential to the successful working of the Trust, from the fact that loans held by it were
falling due, and the moneys received therefor had necessarily to be invested in other guaranteed securities.
The assets of the Insurance Fund on hand at the end of the year were $2,789,517 35, being an increase over the previous
year of $264,126 34.
There was contributed to the Employés’ Relief Fund by your Company and affiliated lines during the year $76 180 91 for
operating expenses, and in addition thereto the sum of $20,061 50 for extra benefits to members of the Fund whose disability
had continued over fifty-two weeks, and who were, therefore, no longer entitled to regular benefits from the Fund. The
amount contributed by the employés was $495,910 26, and the receipts from interest were $4,801 37, which, with the contribu
tions by the companies, as stated above, $96,242 41, made a total of $596,954 04. This added to the balance on hand at the:
beginning of the year, $144,588 85, aggregated $741,542 89. Of this amount there was paid to the families of employés in
death benefits, and for sickness and accidents, the sum of $530,182 82, for expenses $76,180 91, leaving a balance of $135 179 16
with which to adjust outstanding claims. The number of persons receiving death benefits was 370, making an average in
each case of $652 71. There were 27,200 members of the Fund at the close of the year. The great benefits arising from this;
fund are shown in the fact that it is now, including the expenses of administration, distributing nearly $50,000 per month fox
the purpose of relieving the suffering necessarily arising from accident, sickness and death among the employés who haveavailed themselves of its provisions.
Tfa? Employés Saving Fund continues to show its value to your employés in affording them a safe depository for a
portion of their earnings. The number of depo^ors has increased during the year from 2,590 to 3,155 ; the amount of deposits
received during 1891 was $378,301, and the balance at thé close of the year was $865,366*49. Of this amount $800,000 have
been securely invested in four per cent bonds.
The amount expended during the year upon the Main Line between New York and Pittsburg, and charged to Capital
Account, was $5,044,576-08, the principal items of which were for equipment, third and fourth tracks, and additional yard
facilities, principally at Altoona and W all’s. The'improvements at the latter point were brought into use during the year,
and, in connection with those in the immediate vicinity of Pittsburg, have tended materially to remove the difficulties hereto
fore existing in the movement of traffic through that city.
During the year the equipment of your lines has been increased by the addition of 54 locomotives, 70 passenger, 3 postal
and 1,500 freight cars, in addition to those provided through your Car Trust system. All new freight cars are now provided
with the most improved safety appliances, in the way of automatic couplers and air-brakes, and your entire rolling stock will
be so equipped as rapidly as the gênerai interests of the Company will permit. Arrangements were also perfected through
which one thousand additional box cars were furnished for service on the Philadelphia & Erie Railroad, for the purpose o f
stimulating the movement of grain and merchandise between Erie and Philadelphia. W ith the view of further developing
the trade through Erie, your Western lines have largely increased their facilities for the handling of iron ore and coal at that
port, and it is hoped that advantage will be taken of these improvements by those interested in the commercial prosperity o f
this city.
The Trenton Cut-off alluded to in the last annual report was completed during the year, and a portion thereof opened for
traffic about the middle of the summer, but the entire line was not in use until January 11th of the present year. As the
principal portion of the line was constructed under the charter of your Company, all but $100,000 of the amount expended
thereon has been charged to the construction account of the Main Line. Your Board see no reason to change the opinion
expressed in the last annual report as to the great value of this road, and steps have been taken to connect it with the Chest nut Hill Branch, as it is believed that such an extension will be to the interest of your Company.
There was also expended in the construction of branch and auxiliary lines the sum of $3,325,742 14, of which amount
$1,002,859 68 were reimbursed to your Company in cash. One of the principal items of this outlay was the work upon the
Pittsburg Virginia & Charleston Railway, in which your Company is so largely interested, for the purpose of enabling it
not only to better accommodate its rapidly increasing local traffic but also to secure the prompt movement of through traffic
between the Main Line and the Lines west of Pittsburg.
The McKeesport and Bessemer Railroad was completed during the year, and is now in active operation. It gives your
system of lines a direct connection with the large manufacturing industries in the town of McKeesport, and will prove a
valuable addition to your property.
The Ebensburg & Cresson Railroad, having been sold and reorganized, was on August 6th, 1891, merged and consoli
dated into the Cambria & Clearfield Railroad Company. This line was projected to develop the territory adjacent thereto
in the Allegheny Mountain coal field ; quite a large amount was expended during the past year in the construction of its
main line and branches, which are expected to secure a valuable bituminous coal and miscellaneous traffic for your system.
The total amount expended for the above purposes on the lines east of Pittsburg and Erie, as shown in the statement on
a previous page, was $6,367,458 54, which was not as large as that expended in 1890 for similar purposes. During the com ing
year, however, it is expected that the outlays east of Pittsburg and Erie will not be so great as in the past year, but as it was
believed that the through business of your Company would require a material increase of box-car equipment, contracts have
been made for the delivery thereof in the spring of 1892. The capital required for the lines west of Pittsburg will be materi
ally greater, as those properties have reached a point where the volume of their traffic will require large outlays for double
track and increased equipment.
The Bedford & Bridgeport Railroad ,]having been sold under foreclosure of its mortgage, on]March 26,1891, was reorganized;
under the title of the Bedford & Bridgeport Railway Company on May 5, 1891.
The Frankford & Holmesburg Railroad, which had been sold on November 5th, 1890, was reorganized under the title o f
the Bustleton Railroad Company, January 15th, 1891.
During the year large expenditures were made in the elevation of the tracks and the reconstruction o f the passenger
station in Jersey City. These tracks are now in use, avoiding all grade crossings of streets in that city, and the station will
be completed during the present year, when both the public and the Company should realize the benefits resulting from this
outlay, in the prompt and safe movement of the large passenger traffic handled at that point.
The work of completing the four-track system through the city of Trenton, which necessitated the widening of a numbe r
o f street bridges over your road, as well as o f the large bridge over the Delaware River, and the building of a new passenger
station, has also been vigorously prosecuted, and will be finished during the coming year.
In order to save unnecessary accounting and inspection in connection with the freight equipment of your system andi
secure its more efficient movement, the expenses of repairing have been pooled since the 1st of August, 1891. Under this«
arrangement the cost of maintenance of all such rolling stock on your own and affiliated lines, east and west o f Pittsburg,
aggregating 123,340 cars, is consolidated, and apportioned among the various lines according to the mileage of the equipment
thereon. While it may, perhaps, be necessary hereafter to modify some of the details of the arrangement, there is no doubt
that the system will ultimately conduce to the economical results in the maintenance of your equipment.
The protracted litigation in connection with the Allegheny Valley Railroad, which has extended over a period of seven
years, was finally brought to a close by a sale December 15th, 1891, under a judgment obtained on the coupons of the?
$10,000,000 Low-Grade Division mortgage, which had been purchased by your Company under its guaranty. A reorganization
was effected on f ’ebruary 5th, 1892, under the name of the Allegheny Valley Railway Company. This sale was made in
I ursuance of an amicable agreement entered into between the parties in interest, under which the new company is to issuo
410
THE CHRONICLE
[V o l .
LIY,
$20,000,000 of fifty-year four per cent bonds, guaranteed, principal and interest, by the Pennsylvania Railroad Company. Of
these bonds a sufficient amount will be retained by the Trustees to meet the present mortgage indebtedness of the Allegheny
Valley Railroad Company, aggregating $16,800,000, and of which your Company is practically the guarantor, and the balance
will be used from time to time as additional capital may be required ; $18,000,000 of preferred stock and $12,000,000 of common
stock are also authorized to be issued, in exchange for outstanding income bonds, overdue coupons, and other securities of the
old company, and in settlement of obligations of the new corporation, and for its general purposes. Under this plan the road
is relieved of a large amount of debt, the interest whereon was beyond its ability to m eet; and with the near maturity of a
portion of its bonds, and the conversion thereof into securities bearing ¡¡a lower rate of interest, it is hoped that the road will
show more satisfactory results in the future.
The Board have to place upon record a minute of the death on the 23d of March last, of your oldest Director, Mr. Wistar
Morris. His term o f service had extended over a third of a century, during 26 years of which he was Chairman of your
Finance Committee. The ability, integrity and ripe judgment displayed in the performance of the responsible duties that
devolved upon him, through a period covering almost the entire growth of your Company to its present position, and his
devotion to your interests, make it eminently proper that this tribute should be paid to the memory of a trusted counsellor
and sincere friend.
Your Company have also to lament the loss of one of the oldest officers of your legal department, Mr. John H. Hampton,
of Pittsburg, whose death occurred on the 11th of April, 1891. Mr. Hampton was appointed Assistant Solicitor of the Western
District February 22, 1854, and remained continuously in your service until his death, a period of over thirty-seven years.
During all that time he was devoted to your interests, faithful and able in their advocacy, and commanded the confidence and
esteem of all with whom his official relations brought him in contact.
On the 10th of December, 1891, Mr. Thomas R. Davis, Auditor of Disbursements, died after a brief illness. His connection
of forty-one years with your Company, and fidelity and efficiency in the discharge of his duties, render it fitting that a brie t
record should be made of the death of an old and valued officer who had so long and acceptably filled a most responsible
position.
Your Board desire to acknowledge the efficiency and fidelity with which the duties entrusted to the officers and employes
have been discharged during the past year.
By order of the Board,
G. B. ROBERTS, President.
Kansas City F ort Scott & Memphis.—This railroad has
issued a subscription circular containing the following:
B o st o n , Feb. 26,1892.
Referring to our circular of June 10, 1889, offering subscriptions to
the *2,500,000 bonds of the Kansas City & Memphis Railway & Bridge
Company, it has been found that the cost of the.bridge will be greater
than estimated, by reason of increased cost of piers for founda tion of
the bridge, increased weight in the superstructure and the substitution
of a steel span instead of trestle work, all of which were recommended
bv the chief engineer. This increased cost, together with the additional
interest from a year’s delay in building, which was caused by high
water, will require the proceeds of the additional $500,000 bonds
ail t*' is
ow^e xp e cted *that' the bridge will be ready for the passage of
^This company now offers to its stockholders these $500,000 Kansas
Citv & Memphis Railway & Bridge Company 5 per cent gold bonds,
with its guaranty both as to principal and interest attached, upon the
^For^ each6*250 shares (or rights thereon! of the Kansas City Fort
Scott & Memphis Railroad Company’ s common stock or of contracts
for preferred stock issued by that company or by the Kansas City
Fort Scott & Gulf Railroad Company, the holder thereof may sub
scribe for a $1,000 40-years first mortgage 5 per cent gold bond of the
Kansas City & Memphis Railway & Bridge Compans, the principal
and interest of same being guaranteed by the Kansas City Fort scott
& Memphis Railroad Company at 9 ^ per cent, or $925, and accrued
inteiest for each bond. Stockholders of record Feb. 24,1892, will be
entitled to subscribe. The subscription list and assignment o f rights
will close on March 10, 1892, at 3 o’clock p. m.
Anv part of the bonds hereby offered, not subscribed for by the
stockholders, will be taken upon the above terms by other parties who
have so agreed with the company.
*
*
*
*
Ogdensburg & Lake Champlain (inclu din g Saratoga &
St. L a w r e n c e .)— The reports to the New York Railroad Com
missioners show the following :
.
r—
Quar. end. Dee. 31.— ■Sixmos, end. Dec. 31.—
,
1890.
O
*
215,176
151.801
1891.
<
£
238,517
156,499
1890.
$
448,109
310,294
1891.
$
475,263
311,730
Net earnings—
Other income.
63,375
848
82,016
1,495
137,8 L5
5,448
163,533
1,687
Int., taxes, rentals,&c...
64,223
64,194
83,511
66,917
143,263
123,323
165,220
132,569
Surplus.......................
29
16,594
14,640
32,651
Gross earnings........
Operating expenses.
Philadelphia & Reading.—At Harrisburg, Pa., March 3, the
hearing in the Reading deal was opened by Attorney-General
Hensel. Neither Mr. Powderly, Mr. Cassatt nor any repre
sentatives of the Pennsylvania Railroad were present. A. A.
McLeod, President and General Manager of the Philadelphia
& Reading Railroad Company, was present, as were also many
leading officials of the railroads interested. The Reading
Railroad was represented by its counsel, John J. Johnson.
Attorney-General Hensel said the substance of the com
plaint that had reached his office was that these roads were
direct competitors, and that there was a violation of the Con
stitution. He invited any person who felt aggrieved by the
combine to present his side of the matter. Mr. Johnson said
this was not a case in which it was necessary to se
cure the intervention of the Attorney-General.
If
any private citizen feels that the law is violated
he^ can get his redress in the courts.
The selling
rates of coal at local points in Pennsylvania in 1891 and
at tide at local points ranged between $1 75 and $1 92; at tide,
$1 57 to $1 74. During the whole year at tidal points there has
been a steady price of 13 to 19 cents per ton less than the price
o f coal in Pennsylvania. This move of the Reading company
is to eliminate the middleman. Mr. Johnson endeavored to
show that the Philadelphia & Reading and Lehigh Valley
roads are not parallel or competing lines. This move will not
destroy competition, but the new arrangements will open new
markets. Copies of the leases or contracts were furnished to
the Attorney General, and his future action will depend on
whether he concludes that the Constitutional provision has
been violated.
Richmond & West P oin t Terminal.—The proposed plan of
reorganization it is expected will be made public early next
week. Some changes have been made in the totals of the
several issues and they are reported to be as follows:
First mortgage 4 per cent........................ $220,000,000 $25,000 a mile
7,400 “
Iucome, 4 per cent...................................... 65,000,000
Preferred stock, 5 per cent....................... 75,000,000
8,500 “
16,000 “
Common stock............................................ 140,000,000
Total...................................................... $500,000,000 $56,900 a mil e.
These securities will cover about 8,800 miles and will pro
vide for the entire funded and floating indebtedness and leave
a considerable amount in the treasury for betterments and
future requirements.
Tennessee Coal & Iron.—The annual report for the fiscal
year ending Jan. 81, 1892, will be ready in about thirty days.
The estimated net earnings for the year, which have already
been published, viz., $676,000, it is officially stated will be
fudy borne out by the actual figures. The fixed charges have
been reduced some $15,000; there was a good surplus over
interest charges and dividends on the preferred stock, but
whether this is in cash or in iron and other products is not
stated. Since 1887 about $700,000 bonds have been retired,
and during the same period $2,750,000 in cash has been spent
on the property. The board of directors held a meeting j,on
Thursday, at 35 Broadway, and are to meet again Saturday.
Texas & Pacific.—No interest was paid on the second
mortgage incomes on March 1, and the Committee on Securi
ties of the New York Stock Exchange has ruled that these
bonds must carry the March 1 coupons to be a good delivery«
Western Maryland. — President Hood, of the Western
Maryland Railroad Company, has sent a letter to the Mayor
and City Council proposing to resume interest payments on
the indebtedness of the company to the city from January 1,
1892, if the city will suspend negotiations for a sale or trans
fer of its investments in the road. It is said that Mr. Hood’s
proposition is to resume the interest payments, which were
suspended in 1889, amounting to $109,651 80 per year. This
amount includes interest at 6 per cent on $43,500
first mortgage bonds, $178,500 second preferred mort
gage bond^, $226,530 funding certificates of matured
coupons of first mortgage and second preferred mort
gage bonds, funded 1879, interest at 4 per cent on
$684,000 loan of city stock of 1882, and interest at 3J^ per
cent on the $1,704,000 loan of city stock of 1886. The com
pany has paid no interest since July 1, 1889, on any of these
securities excepting the funding certificates. The interest
due on other securities held by the city on account of the
Western Maryland brings the total amount of interest^ to
about $225,000 a year. Ic was also stated that the submission
of the proposition would not affect the report of finance com
missioners on the Western Maryland Railroad called for by a
resolution of the City Council last Monday. The report will
be submitted at the next meeting of the council.—Balt. Sun.
m ia
THE CHRONICLE
March 5,1892.J
3P*je C o m m e r c ia l jin x e s .
C O T T O N .
P. M., March 4, 1892.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 119,758 bales,
against 142,668 bales last week and 145,681 bales the previous
week, making the total receipts since the 1st of Sept., 1891,
6,192,742 bales, against 5,921,971 bales for the same period o f
189U-91, showing an increase since Sept. 1.1891, of 270,771 bales.
F r id a y ,
The Movem ent o f th e Cro p,
CO M M ERCIAL
EPITOM E.
March 4, 1892.
A storm of great violence along the Atlantic seaboard early
in the week, causing damage to shipping and inflicting some
injury upon seaside resorts, is followed by spring-like weather
which gives a needed impulse to business. The export trade
in breadstuffs has been large, but prices have not improved,
owing to free selling. The speculation in cotton has been very
sluggish, but prices have shown less depression. .
The following is a comparative statement of stocks of
leading articles of merchandise at dates given:
F r id a y N ig h t ,
1892.
Feb. 1.
1892.
March. 1.
1891.
March 1.
Receipts at—
Sat.
Galveston........
El Paso, &o...
New Orleans...
Mobile...............
F lorid a ...........
Savannah ........
Brunsw’k, &c.
Charleston.......
Port Royal,&c
W ilm ington....
1,536
Mon.
4,702
4,853 25,505
607 1,232
........
......
1,561 3,871
......
......
1,120
756
Tues.
Wed.
2,742
......
5,972
100
........
1,364
......
475
Thurs.
1,865
2,338
5,831
233
........
1,377
3,392
940
........
2,505
......
702
........
87
648
........
649
F ri.
Total.
1,835 15,018
593
593
8,298 53,851
359
3,471
.......1,940 13,118
4,132
4,132
1,040
4,741
15
15
63
1,354
37
37
915
8,459
500
5,113
1,258
1,258
1,170
4,108
380
2,666
246
246
179
1,578
355
80
120
23,433
74,774
22,645 Norfolk............. 1,011 1,688 2,034 1,369 1,392
34,290
703
533
700
761 1,911
West P oin t...
128,622
11,474
........
........
........
......
N’wp’tN ’s,&o. ........
56,800 New York........
751 1,135
......
. . . . . . 1,052
1.312
104
228
395
289
None Boston.............. 1,270
193,663
None.
99
350
491
209
250
None. Philadelph’a.&c
20.500 rotale this week 13,101 39,234 17,0391 13,739 13.685 22,960 119,758
580.800
133,233
For comparison we give the following table showing the
22,'¿76
2,464 week’s total receipts, the total since September 1, 1891, and
1.312 the stock to-night, compared with last year.
10,300
Stock.
1,150
1891-92.
1890-91.
Receipts to
None.
This Since Sep. This Since Sep.
16,000
March 4.
1892.
1891.
65.500
Week. 1,1891.
Week. 1,1890.
2,707
11,768 Galveston... 15,01« 1,048,014 11,843 900,769
67,214
48,837
263.750
El Paso,&c.
23,140
593
3 i, - m
718
......
......
Lard on the spot was dull and unchanged until Thursday, New Orleans. 53,851 2,153,478 37,466 1,754,190 431,125 296,804
34,419
41,169
when there was a sharp decline, and to-day the market was Mobile. . . 3,471 240,746 4,160 266.618
23,837
34,652
166
at the reduced prices much more active, prime City selling Florida........
74,091
at 6'25a>6'30e. and prime Western at 6'72)^ (?6'75c., with re Savannah... 13,118 894,763 18,161 977,356
65,361
4,132 155,851
fined for the Continent quoted at 6'90 ai7'10c. The specula
Bruns., &o.
3,341 169,064
4,081
2,620
tion in lard for future delivery was dull until Thursday, Charleston .. 4,741 430,998 8,739 421,756
50,574
41,660
when there was a sharp decline under free sales to realize.
1.448
15
12
687
P. Royal,&c
The market was a little steadier to-day, but dull.
Wilmington.
1,354 149,227
1,784 176,183
11,497
10,973
D A IL Y GLOBING P R IC E S O F L A R D F U T U R E S .
Wash’tn,&c
37
2,299
3,735
5
Sat.
Mon.
Wed. Thur.
Tues.
Fri. Norfolk........
8,459 445.208
45.778
7.578 551,958
25,456
March delivery....
6-74
6'74
6'75
6'77
6*70
6'72
5,113 279,527
6,459 300,900
7,205
West Point.
4,964
May d elivery.........
6-83
6-84
6-84
6-85
6-76
6*7?
40,608
5,323
2,026
84,285
NwptN.,&c
1,25(8
3,392
J ul> delivery.........
6 95
6'97
6-98
6'98
6-90
6-90
72,094
4,10j8
92,370 894,642 140,798
New Y o r k ...
5,806
Pork is quiet and unchanged. Beef has been somewhat de Boston.........
96,685
2,668
79,767
14,800
3,368
10,000
pressed. Cut meats sold more freely, but at some decline,
246
65,792
51
46,519
29,255
Baltimore...
5,376
pickled bellies, 12 lbs. average, going at 6J^c. Tallow closes Phil’ del’a, &c 1,578
896
60,956
38,022
14,978
4,966
active at 4 ll-16c. Cheese is firmer at 11@ 12)£c. for State
Pork..................................... bbls.
L a rd ................. .......... - ....... tcs.
Tobacco, dom estic__.....h h ds.
Tobacco, foreign .... .....b a les.
Coffee, Rio...........................bags.
Coffee, other.......................bags.
Coffee, Java, &c.......... ......mats.
Sugar.................................hhds.
S u g a r . . . .. . . . . . . . . .. . . . . . -boxes.
S u ga r..........................bags, &c.
Melado................................hhds.
Molasses, foreign ............. hhds.
Molasses, dom estic............bbls.
Hides . . . .............................. No.
C o t t o n ........................bales.
R o s in .................................. bbls.
Spirits turpentine............ bbls.
T a r ......................................bbls.
Rice, E. I ...................... — bags.
Rice, domestic....... ...........pkgs.
L in seed.............................. bags.
Saltpetre............................. bags.
Jute butts.................... ....bales.
Manila h em p.... .........b a le s .
Sisal hemp.........................bales.
Flour................bbls. and sacks.
25,539
40,254
17,316
30,661
109,661
15,621
41,718
236
None.
231,673
None.
125
19,500
319,100
384.427
30,111
1,835
1,213
28,000
4,000
1,100
14,000
20,300
None.
2,100
188,650
24,321
43,011
16,859
32,824
124,951
58,331
21,961
105
None.
89.722
None.
125
13.000
360,300
381,950
25,275
876
1,704
18.500
2,000
None.
13.500
20.000
None. .
2,230
23^.80«)
factory, full cream.
Coffee on the spot has been quiet but fairly steady; Rio is
quoted at 14,%(g) 15c. for No. 7. Mild grades have also been
quiet and prices are slightly lower; good Cucuta is quoted at
20%c. The speculation m contracts has been dull, and to-day
the market was lower, owing to an increase in the American
visible supply during February of 30,1)00 bags. The close
was steady, with sellers as follows: SH V S Bf TS T
*7
*
H UBB
' ''"¿an~
Ma'Ch.. . . . . . . . 13'65c. i June................... 12'60o. ISept................. 12'35o.
April................13 10c. July................... 12 50c. Oct....................12-25c.
M a y................ 12-90o. |Aug....................12'45e. IDeo.................. 12'lOc.
• a decline of 10 @20 points for the week.
—
Raw sugars have been quiet but steady at 3c. for fair re
fining muscovado and 3%o. for centrifugal 96 deg. test. Re
fined sugars have advanced on reduced production and are
quoted at 5<g>5%c. for crushed and 4 ^ @ 4 5-16c. for granu
lated. The boiling grade of molasses is lower at 12^c. for 50
deg. test. At the tea sale on Wednesday the offerings were
smaller and prices were firm.
Kentucky tobacco has been more active, and sales for the
week are aoout 300 hhds., mostly for home use. Seed leaf
has met with a better demand, and sales for the week aggre
gate 3,050 cases, as follows : 1,500 cases 1890 crop, Wisconsin
Havana, 12 o)l4%e.; 750 cases 1890 crop, Pennsylvania seed
leaf, l2@16c.; 250 cases 1890 crop Pennsylvania Havana seed,
133^«?37^c.; 300 cases 1890 crop, New York State Havana,
1 3 ^ « 35c ; 150 cases 1890 crop, Zimmer’s Spanish, ll@15c.,
and 100 cases 1890 crop, Dutch, private terms ; also 780 bales
Havana, 72c.@$l 15, and 250 bales Sumatra, $2 15 a)$3 15.
Refined petroleum is quoted at 6’40c. in bbisT, 7‘50c. in cases
and 3’90c. in bulk; naphtna 5-50c., crude in bbls. 5'70c. and in
bulk 3'15c. Crude certificates sold to-day at 59)£c. and very
dull. Spirits turpentine closes steady at 40j^@41c., a decline
from 43 a43)£c. on Monday, owing to weak Southern ad
vices. Rosins are firmer at $1 40@1 45 for strained, but closing
dull. W ool and hops dull.
Of metals there has been more doing in Straits tin, and it
closes firm at 19%c. owing to better foreign advices. The
sales for the week include 100 tons for delivery in 1892 at
19'85c. Ingot copper is quiet, but Lake is quoted steady at
10'65c, Lead is dull and unchanged; domestic is quoted at
43^c. The iron markets are very dull.
Totals........ 119,758 6,192,742 112,579 5,921,971 1,184,982
702,376
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
1892
1891
1890.
15.611
53,851
3,471
13,118
4,756
1,391
8,459
6,371
12,730
12,561
37,466
4,160
18,161
8,751
1,789
7,578
8,485
13,628
6,263
16,265
913
6,275
4,170
1,116
5,303
6,823
16,426
8,896
23,293
4,530
8,502
4,242
960
4,453
10,719
16,043
3,509
35,743
720
4,621
4,6 0
483
6,622
8,728
8,4'¡3
3,873
33,183
2,682
7,895
5,230
428
6,022
4,088
9,552
Tot.this week 119.758
112 579
63,554
81.638
73,469
72.958
Gswv’ston,&o
New Orleans
Mobile........
Savannah...
Oharl’ st’n.&c
Wllm’gt’n.&o
Norfolk........
W’t Point, &o
All others...
1889.
1888.
1887.
Since Sept. 1. 6192,742 5921.971 5436,023 5010,965 4974,928 4929,138
The exports for the week ending this evening reach a total
of 130,594 bales, of which 66,760 were to Great Britain, 22,863
to France and 40,971 to the rest of the Continent. Below are
the exports for the week, and since September 1, 1891.
E xport!
from —
Week Ending March 4.
From Sept. 1,1891, to Mch. 4,1892.
Exported to—
Exported to—
Oontt- Total
Great
Great
Conti
France nent. Week. Britain. France nent.
Total.
B rifn .
500 17.990
Galveston....... 11,885 5,625
New Orleans.. 18,543 16,180 18,611 53,334
M obile...........
Savannah......
6,368 6,368
Brunswick . . ..
6,730
6,730
Charleston.. . .
6,764 7,271
1,507
W ilm ington...
Norfolk...........
500
500
West P o in t...
2,025
N’portNws, &c 2,025
New York....... 16,402 . 1,058 3,991 21,454
6.375
100 6,475
Boston.............
8,313
6,134 8,447
B altim ore.. . ..
Philadelp’a,&c
T o ta l...........
601,931 65,558 102.157 769,649
727,303 396,967 463,352 1,587.622
37,806
37,866
175.926 30,197 248 161 454,234
94.074 4,849
98,923
156.498 6,550 156 912 818,960
61,871
46.487 108,158
128.587 7,900
27,643 164.130
78,988
12,383
91,371
15.789 5,272
31,061
311 088 21,144 134,610 466.842
184,653
6,432 191.085
68.343 5,245
73,712 147,300
14,263
608 ! 14,870
66,760 22,833 40,971 130,594 2,658,982 ¡542,682 1,272,457 4,472,121
1.850Ì 07,542 1145.581 2.537,004 *474,588 1,478,407 14,490.89
T otal, 1890-91, 1 76,689
412
THE CHE0N1CLE.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs,
Carey, Yale & Lambert, 24 Beaver Street.
S
GW00?
o
srtiaS Era s a
® £■ S'
§
>
S
O
O®®J
B DÇ
®g
¡-•® C V]
00 ®
0 p P oo- Q
P Œ- S
B
©©
* Jr4 " w o g T ©5 »5*00^
3
5«O
■ p -P■
*
S
2.3. M< -'4
© p4
p-r* £
©p
*
‘S
p
*
" On Shipboard, not cleared— o r
f
M arch 4 at—
Hew Orleans...
Galveston........
Savannah.........
Charleston.. ..
M obile..............
Norfolk.............
Hew Y ork........
Other p o r ts ....
Great
Other CoastBritain. France. Foreign wise.
8,716
10,970
None.
1,600
None.
7,100
4,200
12,000
8,214 14,768
5,364
2,817
7.000
None.
None.
5.000
None. None.
None.
3.000
4,900
1,100
None. 10,000
4,836
2,975
1,500
200
None.
1,000
None.
None.
Total 18 9 2...
44,586 14,678 47,485
10,511
Total 1891...
Total 1890...
46,791
53,479
Leaving
Slock.
Total.
®®
©
S «© ^
P io ?
,ll
She
6he
6 58
7
714
77ie
7^
8
89ie
8loia
W ed
Shew
714
77ie
734
5he
51°16
65s
678
7he
74
75e
89ie
F r i.
She
7
714
V6
a
8
8
89ie 89ic
815,6 81*16
T h . F r i.
Good Ordinary...................$ lb.
Strict Good Ordinary.................
Low Middling.............................
Middling......................................
4316 43ï6
43ie ^18
4la16 4lai6 413] 6
ie
51116
5H16 51 he SiJ-le 4i-1 l
m i
r £ 16! 6°8
658 1
6°g
683
65g
6®8
MARKET AND SALES.
The total sales of cotton on the spot and for future deliverv
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SPOT MARKET
CLOSED.
Saturday
M onday..
Tuesday..
W ed’da y.
Thursday
F rid a y...
Steady ...............
Q uiet.................
Steady ...............
Q uiet..................
Q uiet.................
Q uiet.................
SALES OP SPOT AND TRANSIT.
E x
p ort.
__
400
__
100
Con - Spec- Tran
sum p . u t’ t’n sit. Total.
682
161
97
86
144
87
___
682
161
97
486
144
445
Sales o f
Futures.
62.900
70,600
75,100
54.900
45,700
51.900
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734
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8
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8i»i0 8l0ie 81&
16
Sat. M o » ¡’T u e s
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51 ie
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678
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73s
75s
8 16
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She
She
6he
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7
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6-72
6*72
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4 II16 4 U 16 411i 6
Aver
STAINED.
51, «
5716
6&6
i
6%
7
F r i.
©£
©g
6-72
6-72
Ordinary............................. s ) ID.
g
Strict Ordinary...........................
Good Ordinary...........................
Strict Good Ordinary................
Low Middling.............................
Strict Low Middling..................
Middling......................................
Good Middling............................
Strict Good Middling................
Middling Fair.............................
Fair..............................................
rè®*
I w g
5®
Q hjoog.
0 I
3
©
8©
Aver
rfÉ
^ 2 5
© ^
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6-72
6-68
M on T ues W ed T h .
Ordinary.............................# lb.
¿ U16 A h i 6
Strict Ordinary.......................... S h e She 5he
Good Ordinary........................... 51*16 m m 5loi6
Strict Good Ordinary................ 634
6H
6 I4
Low Middling............................. 65g
65a
65g
Strict Low Middling.................. 678
67s
678
Middling...................................... 7*16 7he 7he
Good Middling............................ 7%
73«
73s
Strict Good Middling................ 75g
75s
75g
Middling Fair............. ............... 0*16 8*16 8*16
Fair.............................................. 8Ö
16 89ie 8916
GULF.
Sat. M o n T u e s
©
o
>
^îsiucr «Çtowo
599,589
410,146
The speculation in cotton for future delivery at this market
has been very sluggish during the week under review, and
the fluctuations in prices were within the narrowest limits.
Liverpool has seemed rather to follow than to lead us. It is too
early as yet for weather reports to receive much considera
tion. The proposed decrease in the acreage for the next crop
attracts little attention. Still there are those who believe it
will be considerable, especially east of the Mississippi River.
Operators for a fall act timidly in view o f the low prices,
while speculators for a rise look with dismay upon the full
figures at which the crop movement is maintained, the
excessive stocks at all points and the dull trade in goods.
Consequently, business is restricted to| operations for turns
either way of 3 to 5 points, leaving the market in a rut. To
day a slightly firmer opening on a stronger report from Liver
pool was followed by a decline under sales to realize, prompted
by the full interior movement and private telegrams advising
large receipts at New Orleans to-morrow (Saturday). The
close was steadier, but dull. Cotton on the spot remained
quiet and unchanged, but closes with rather more inquiry at
7 l-16c. for middling uplands.
The total sales for forward delivery for the week are 381,100
bales. For immediate delivery the total sales foot up this week
2,015 bales, including 500 for export, 1,257 for consumption,
25S for speculation, and — in transit. Of the above — - bales
were to arrive. The following are the official quotations for
each day of the past week—February 27 to March 4.
Sat.
"
GW ®o
wS’5*2* 0 ’©© 2 ■!
0© 0
*
E*©'*0 P M 0 pi
0
EO
B
E ® —3
8
t “ o “ '¡P o'*
• p rf O ; ’p
. M-p
• pij-o* * P'Î*- ©
:
? fessa
: 8: »
s
a
-5 1
117,260 1,067,722
8,014 34,976 13,006 102.787
2.944 35.286 11,837 103,546
UPLANDS.
H
GW ©g
©3.
0 © ® p.
0
Cp
D
p ®'^A
p ; co
C,
tq
®®
394,591
45,088
65,591
43,774
34,419
34,678
384,442
65,139
36,534
22,126
8,500
6,800
None.
11,100
10,200
22,000
|V o l . LTV.
I®
I ®:
11
I I:
®:
* Includes sales in September, 1891, for September, 19,600; September-October, for October, 344,200; September-November, for Novem A
ber, 619,000; September-December, for December, 1,067,300; Septem©o “
O © H2
t
ber-January, for January, 3,997,200.
I® :
»M
s
-*
The following exchanges have been made during the week :
-3-30-3
■35 pd. to exoh. 1,000 Mcb. s. n.
for June.
•22 pd. to exch. 1,200 Apr. for J’ne.
•42 pd. to exclu 100 Apr. for Aug.
•21 pd, to exch. 200 Apr. for June.
•11 pd. to exch. 400 Apr. for May.
■21 pd. to exch. 1,500 Apr. for J’ne.
ÓH
20 pd. to exch. 500©O °Òfor May.
Mch. >
•41 pd. to exch. 500 Apr.V
for Aug.
•10 pd. to exch. 400 Apr. for May.
•20 pd. to exch. 200 June for Aug.
•41 pd. to exch. 100 Mch. for July,
•41 pd. to exch. 100 Apr. for Aug.
•71 pd. to exch. 1,400 Apr. for N ov.
The V isible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
258
those for Great Britain and the afloat are this week’s returns,
T otal...
500 1,257 258
2,015 361.100 and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
Th e Sales and P rices of F utures are shown by th e ! figures for to-night (Mch. 4), we add the item of exports from
follow in g comprehensive table;
the United States, including in it the exports of Friday only.
■ ■
-*
....
THE CHRONICLE
M a r c h 5, 1892.]
1891.
1890.
1892.
Stock at Liverpool........ bales. 1,709.000 1,155,000 1,056,000
7.000
18.000
15,000
Stock at London..................... .
1889.
761.000
7,000
Total Great Britain stock. 1,716.000 1.173,000 1,071,000
2,100
Stock at H am b u rg.............
2,200
4.500
149.000 156,000 134.000
Stock at Bremen............. ........
25,000
21,000
7,000
Stock at Amsterdam................
300
300
500
Stock at Rotterdam................
Stock at Antwerp.....................
5,000
18,000
6.000
311.000 238,000 177,000
Stock at Havre.........................
9.000
6,000
3,000
Stock at Marseilles..................
85.000
99,000
Stock at Barcelona..................
80.000
20.000
22,000
Stock at G inoa.........................
10.000
12.000
14,000
15,000
Stock at Trieste........................
768,000
2.200
25,900
20,000
500
1,100
128,000
4,000
53,000
7,000
9,000
606.500
£ndiacotton afloat for Europe.
Am er.cott’nattoatfor Europe.
Egypt,Brazil,&c.,afltfor E’ r’ pe
Stock in United States ports ..
S tock in U. 8. interior towns..
United States exnorts to-day.
561.000
464.400- 250,700
2.322,500 1,734.000 1,535.400 1,018.700
108.000 159,000 214.000 270,000
501.000 460,000 318.000 327,000
42,000
40.000
34.000
37,000
1,184,982 702,376 513.692 740.278
499,<>67 396.427 214.007 260.813
........
2 7.991
26,839
37,966
50.094
Total visible supply.......... 4.683,540 3,520,612 2,867,065 2,703.885
O f the above, the totals of American anu other descriptions areas folio w*-:
A m erican —
1,468,000
Liverpool stock............. bales. 1,466,000 843,000 836.000 592 000
Continental stocks.................... 498,000 431.000 356.000 169,000
501.000 400.000 318.000 327,000
Amerioan afloat for Europe.
1,184.982
United States stock................... 1,1h4,982 702,376 513.692 740.278
U aited States interior stocks.. 499.067 396.427 214,007 260,-13
27,991
26,839
37,966
United States exports to-day.
50,094
Q u o t a t io n s
413
for
M id d l in g C o tto n
at
O t h e r M a r k e t s ,—
Below we give closing quotations of middling cotton at South*
ern and other principal cotton markets for each day of the week :
Week ending
March 4.
Galveston...
New Orleans
Savannah...
Charleston..
Wilmington.
Norfolk........
Boston........
Baltimore...
Philadelphia
Augusta. , . .
Memphis_
_
St. Louis___
Cincinnati..
Louisville...
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Satur.
61*
6 Lj
6^
6*a
63i
6*2
05g
THö
7
73s
6*3
69ie
7
7
Mon.
lu es.
Wednes.
Thurs.
Fri.
6^2
6*2
6*2
6H
6 i*
6 i2
6*2
613
6%
612
6®8
7»16
7
73q
658
612
69iß
7
7
6 ia
6 8»
613
6 I3
6%
6kä
6^
« ä
7
73a
6%
*
69ie
7
7
612
613
6%
6 I3
658
7116
7
738
6»g
6 I3
69ie
7
7
6*3
61*
65g
61*
650
7li6
7
738
05a
6i*
6916
7
7
6^
613
65a
7ii6
7
738
65a
6*2
69ie
7
7
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
63g Little R ook . . . .
Atlanta. . . . . . . .
614 Newberry........
6ia
Columbus, Ga.
6% Raleigh............
6*4 Montgomery. .
63s
Columbus, Miss
619 Selm a___. . . . .
61-8 N ashville........
Eufaula.......... .
614 Natohez....... .
6 j16 Shreveport. . . . 51316
R e c e ip t s F r o m t h e P l a n t a t io n s .— The following table
Indicates the actual movement each week from the plantations^
The figures do not include overland receipts nor Southern
4,177.040 2,859.642 2,275,665 2 ,139,185 consumption; they are simply a statement of the weekly
East In d ia n , B razil, die.
movement from the plantations of that part of the crop which
Liverpool stock......................... 243,000 312.000 220,000 169.000 finally reaches the market through the outports.
7.000
18.000
London stock....................
•Continental sto ck s ..................
India afloat for Europe.......... .
Egypt. Brazil, Ac., afloat.
108.500
108.000
108,000
40,000
130,000
159,000
42,000
15.000
108,400
214,000
34,000
7,000
81,700
270,000
37,000
508.500 661,000 591,400 564,700
4,177,040 2,859.642 2,275,665 2 .139.185
Total visible supply.......... 4,68 <.5i0 3,520,642 2,867.065 2,703.885
Price Mid. Upl., Liverpool....
3%d.
H^igd.
6i]Rd.
558(1,
price Mid. Upl., New Y ork ....
7 ii6o.
8^sc.
ll% e .
10818n’
5® " The imports into Continental ports this week have been
129,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 1,162.893 bales as compared with the same date
of 1891, an increase o f 1,816,475 bales as compared with the
•corresponding date of 1890 and an increase o f 1,979,655 bales
as compared with 1889.
A T t h e I n t e r io r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipment« for the
week and the stocks to-night, and the same items for the
•corresponding period o f 1890-91—is set out in detail in the
fo 1
lowing statement.
f if hi p B o -s r * p'liiilemi isIp i §i
.i 9 m
»
« Q" gr
b
?
IO0?|
g
G0
o® .
«■«•tt . • • —• P
0on K . *¡8» » O • •
0
W
®» ' /?) c a r o
—
® F- ©
# S iä—Js5®
s
^ : pr
" w . p 8 p 3 :. (► :
x . bb . : f
:
Week
Ending—
Jan. 29.......
Feb. 5 ......
“
12.......
“
19.......
“
26......
Mch. 4 ......
Receipts at the P orts. St’k a t Interior Towns. Rec'pts from P la nt’ns,
1890.
159,265
140.25.3
99.965
83,218
86,603
63.554
1891.
1892.
195,103 130.607
160,848 166.548
135,735 182,983
124,254 145,681
126,896 142,663
112.5791
119.758
1890.
1891,
1892.
1890.
1891.
1892.
315,409
307,274
281,104
259,721
240,659
214,007
450,421
441,363
428.119
419,837
410,667
396.427
576.253
565.276
558.815
548,765
522.746
499,067
122.517
182.118
76.796
58,835
67.546
36 902
188,594
151,790
122,491
115,972
117,726
98.839
100,953
155,571
176,522
135,621
116,669
96,0 T
The above statement shows: T.—That the total receipts from
the plantations since September 1, 1891, are 6,635,880 bales; in
1890-91 were 6,303,828 bales; in 1889-90 were 5,636.471 bales.
2.—That, although the receipts at the outports the past week
were 119,758 bales, the actual movement from plantations was
only 96,079 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantations
for the week were 98,339 bales and for 1890 they were
36,902 bales.
Ove rlan d M ovem ent
for
March 4.
Week.
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05 4 iy > -1A ♦
*
aocotox^ro —cca 05: - iUo rc - ’ :-<5bO OM •1 »<- <j X O I ,■•I <> »
s
O X3 0
r
C M M to C Oi J O <I ^ a < r *- 4 Ol Ji <J —C Ol b ■ tocD> c* f* et 1
D
D C
3
OD
^ ooa
1
* Louisville figures “ u e t ” lu both years.
t This year’s figures «^tiuiated.
J Last year’s figu res re v is e d .
The above totals s io v th.at the iuteri or stocks have decreased
during; the week 23.373 -mles, and are to-night 102,640 »ales
more than at the sam^ period last year. The receipts at all tue
towns have been 4,111 bales »tore thaft the same week,last
year, and since Sept. 1 they are 181,823 bales more than for the
same time in 1890-91,
Total gross overland.............
Deduct shipments —
15,811
6,693
1,640
1,732
4,997
2,622
2,909
e e k a n d s in c e
S e p t . 1 .—
Since
Sept. 1.
1890-91.
Week.
502,032 112,492
29S,973
6,094
1 1.024
1,144
31,323
660
154.639
3,992
108,449
2,413
136,569
3,049
Since
Sept. 1.
484,564
247,450
82,936
21,587
169,193
153,506
126,587
36,404 1,383,059 29,844 1,285,823
295,527 10,12!
50,340
2,097
3,145
69,606
266,678
94,320
71,366
415,473
15,363
422,373
Leaving total net overland*.. 24,152 967,536 14.481
* Inoludiug movement by rail to Canada.
t Revised.
863,450
8,598
1,214
2,440
Total to he deducted...............
»-»tO
to t o o ^ w o r c o a - i o m 'i k-a o*
#►
:* coLob colp*lob w #*.^»b MbbrIob>- o m
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j »(ia iH .i© o
© ® © X £.B »B tba© .
Via St Louis................................
Via Cairo.....................................
Via Hannibal...............................
Via Evansville............................
Via Louisville..............................
Via Cincinnati.............................
Via other routes, &c...................
Overland to N. Y., Boston, &e..
Between interior tow n s............
Inland, &o., from South ...........
a
irP 1
:
74 — m
h
to h H«. S i«
©t£ © 1 —© M—; CSJ^kOCCr-MMlsosyKitfl WO©©’tO®to'©
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—
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H*tO©X05©0»©©BI
WH
W
1891-92.
M M
B
iW M
M
tS
1
0
H 8,
^ <,G O -Ch-r-WtoWf»»0V «I B0
i
I.
i > Hifo O<D^JaSD**fc0;j«OC>-v)l 8;
“/
t
>'t-0 5
MUB W Q
1O
l
— 05 B to<10 « C 50 '
oo a a
th e
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. 4
and since Sept. 1 in the last two years are as follows:
12,252
The foregoing shows that the week’s net overland movement
this year has been 24,152 bales, against 14,481 bales for the same
week in 1891, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 104,136 bales.
I n Sight and Spinners'
Takings.
1891-92.
Week.
Since
Sept. 1.
1890*91.
Wie«*.
Since
Sept. 1.
Receipts at ports to March 4 ....... 119,758 6,192,742 112,579 5,921,971
Net overland to March 4 ............. 24,152 967,536 14,481 863,450
Southern consumption to Mch. 4. 16,000 392,000 15,000 366,000
Total marketed........................ 159,910 7,652,328 142,060 7,181,421
Interior stocks in excess.............. *23,679 443,138 * 14,240 381,857
Came into sight during week 136,231
127,820
Total in sight March 4............
7,995,466
7,533,278
Nprth’n spinners tak’gs to Mch. 4
* Daeraase during week.
1,633,026
1,611,395
It will be seen by the above that there has come into sight
during the week 136,231 bales, against 127,820 bales for the
same week of 1891, and that the increase in amount in sight
to-night as compared with last year is 462,183 hales«
414
W e a t h e r R e p o r t s b y T e l e g r a p h . —Our telegraphic ad
vices from the South to-night are generally of a favorable
■tenor and indicate that farm work is making good progress
in the earlier sections.
Galveston, Texas.—W e have had one shower the past week,
the rainfall reaching thirteen hundredths of an inch. Averag e thermometer 60, highest 70 and lowest 50. Rainfall for
the month of February one inch and fifty-two hundredths.
Palestine, Texas.—Plowing and corn planting are active.
W e have had rain on one day during the week, the precipita
tion being fourteen hundredths of an inch. The thermometer
has average«! 52, the highest being 62 and the lowest 43.
During the month of February the rainfall reached five
inches and five hundredths.
Dallas, Texas.—The weather has been dry all the week.
Plowing is active and small grains and fruits are quite prom
ising. The thermometer has averaged 50, ranging from 35 to
64. During the month of February the rainfall reached
eighty-seven bundre«iths of an inch.
Huntsville, T exas— Corn planting is progressing, and some
com is already coming up. No rain has fallen. The thermom
eter has ranged f^pm 44 to 68, averaging 56. Rainfall for
month of February-two inches and ten hundredths.
San Antonio, Texas.—Showers have fallen on two days of
week, the rainfall reaching seven hundredths of an inch.
Average thermometer 60, highest 72 and lowest 48. Rainfall
for the month of February forty-eight hundredths of an inch.
Lading, Texas.—Crop preparations are well advanced and
com is already coming up. Dry weather has prevailed all
the week. The thermometer has averaged 58, the highest
being 69 and the lowest 46. During the month of February
the rainfall reached nine hundredths of an inch.
Columbia, T exas— There has been no rain the past week.
The thermometer has averaged 581 ranging from 47 to 68.
During the month of February the rainfall reached one inch
and fifty hundredths.
\
. .
Cuero, Texas.—Much corn is planted and some of it is
coming up. Cotton planting is progressing, but there is as
yet no reliable information concerning acreage. Rain has
fallen on one day of the week, to the extent of two hun
dredths of an inch. The thermometer has ranged from 47 to
72, averaging 60. During the month of February the rainfall
was forty-seven hundredths of an inch.
Brenham, Texas.—Corn is coming up. Preparations for
cotton are active. Fruit germs are abundant. There has
been one shower the past week, the precipitation reaching ten
hundredths of an inch. Average thermometer 56, highest 69
and lowest 44. February rainfall two inches and forty-four
hundredths.
Belton, Texas.—The weather has been dry all the
week. The thermometer has averaged 56, the highest being
70 and the lowest 43. Rainfall in February reached one inch
and forty-five hundredths.
Weatherford, Texas.—Plowing is active. It has been showery
on two days of the week, the precipitation reaching thirty
hundredths of an inch. The thermometer has averaged 52,
ranging from 34 to 72. February rainfall eighty-five hun
dredths of an inch.
New Orleans, Louisiana.—W e have had rain on pne day of
the week, the precipitation reaching sixty-three hundredths
of an inch. The thermometer has averaged 59. February
rainfall four hundredths of an inch.
Shreveport, Louisiana.—Telegram not received.
Columuus, Mississippi.—There has been rain on one day of
the week, to the extent of eleven hundredths of an inch. The
thermometer has averaged 56, the highest being 76 and the
lowest 36. Month’s rainfall one inch and seventy-two hun
dredths.
Leland, Mississippi.— W e have had clear weather all the
week. The thermometer has averaged 47*1, ranging from 31
to 65. During the month of February the rainfall reached
three inches and ninety-eight hundredths.
Little R o c le , Arkansas.— W e have had one shower the past
week, the precipitation reaching eight hundredths of an inch;
but the weather is now clear and spring like. Average ther
mometer 46, highest 66, lowest 32. During the month of Feb
ruary the rainfall reached three inches and forty-four
hundredths.
..
„ ' rjn
Helena Arkansas.—The weather has been excellent for
farm work, which is progressing. There has been light rain
on two days of the week, the rainfall reaching twenty-five
hundredths of an inch. The thermometer has averaged 47,
the highest being 64 and the lowest 84.
Memphis, Tennessee.—Active preparations for the next crop
are being made. W e had rain on two days early in the past
week, the rainfall reaching forty-six hundredths of an inch, but
the weather is now clear. The thermometer has averaged 45-8,
ranging fm m 34 6 to 63-8. February rainfall three inches and
fifteen hundredths.
. - Nashville, Tennessee.—It has ramed on one day of the weekto the extent of twenty-six hundreuths of an inch. The ther,
mometer has ranged from 30 to 58, averaging 42-5. Rainfal
for February two inches and seventy-three hundredths.
Mobile, Alabama.—There has been no rain all the week.
Average thermometer 50, highest 64 and lowest 36. During
the month of February the rainfall reached two inches and
nine hundredths.
.
,
Montgomery, Alabama*—Sales of fertilizers to Marcb. 1, as
repot ted by the Agricultural Department of Alabama, show a
decrease from the sam e period last year of thirty per cent.
W e have had one sprinkle the past week. The thermometer
has averaged 49, the highest being 65 and the lowest 33.
fVoL. LTV.
THE CHRONICLE.
Selma, Alabama.—W e have had no rain the pastweekr.
The thermometer has averaged 50, ranging from 34 to 65.
Madison, Florida. —W e have had rain on one day of the
week, the precipitation reaching thirty hundredths of an
inch. Average thermometer 58, highest 71, lowest 34.
Savannah, Georgia.—The week’s rainfall has been one
inch, on two days. The thermometer has averaged 50, rang
ing from 36 to 65. Rainfall during February one inch and
thirty-one hundredths.
Augusta, Georgia.—It has rained on two days of the week,,
to the extent of twenty-eight hundredths of an inch. The
thermometer has ranged from 32 to 66, averaging 47. During
the month of February the rainfall reached two inches and
ninety-six hundredths.
Stateburg, South Carolina.—There has been rain on one
day of the week, the rainfall reaching ninety-four hundre dths
of an inch. The thermometer has averaged 46, the highest
being 61 and the lowest 35*5. Rainfall for the month four
inches and twenty-three hundredths.
Wilson, North Carolina.—It has rained on one day of the
week, the precipitation reaching ninety hundredths of an
inch. The thermometer has ranged from 32 to 54, averaging
44.
Charleston, South Carolina.—It has rained lightly on three
days of the week, the rainfall reaching eight hundredths o f
an inch. Average thermometer 56, highest 62 and lowest 36.
February rainfall one inch and fifty-four hundredths.
The following statement we nave also received by telegraph
showing the height of the rivers at the points named at 3
o’clock March 3, 1892. and March 5, 1891.
Meh. 3, ’92.
Meh. 5. ’91.
Feet.
Feet.
New O rleans.... .......Above low-water mark.
Memphis............ ___Above low-water mark.
Nashville.......... ...... Above low-water mark.
Shreveport........ .......Above low-water mark.
Vicksburg.......... .......Above low-water mark.
15-2
336
242
230
44*5
11*9
22-5
7-5
11-5
33-6
I n d ia C otton M o v e m en t fro m a l l F 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 3.
B O M B A T R E C E IP T S AN D SH IPM EN TS F O R P O U R T E A R S .
Shipments since Sept. 1.
Shipments this week.
Receipls,
Oreat
Year Oreat Conti
BriVn. nent. Total. B ritain
Conti
nent.
Total.
This
Week.
’91-2 2,000 31.000 33.000 15.000
48.000 48.000 27.000
•90-1
’9-90 25.000 47.000 72.000 104.000
•88-9 14.000 85.000 99.000 187.000
158.000
274.000
380.000
373.000
173.000
301.000
484.000
510.000
Since
Sept. 1.
54.000
99.000
81.000
78,000
Shipments fo r the week.
509.000
865.000
961.000
860.000
Shipments since Sept, 1.
Oreat
B ritain.
Oreat
Britain.
Conti
nent.
1,000
6,000
4,000
6,000
5,000
4,000
6,000
21,000
28,000
25,000
34,000
1,000
1,000
1,000
2,000
1,000
17,000
17,000
11,000
13,000
28,000
30,000
1,000
4,000
2,000
5,000
2,000
21,000
19,000
38,000
36,000
59,000
55,000
2,000
2,000
11,000
6,000
13,000
8,000
42,000
42,000.
70,000
77,000
112,000
119.000
Calcutta—
1891-92...
1890-91...
Madras—
1891-92...
1890-91...
All others—
1891-92...
1890-91...
Total all—
1891-92...
1890-91...
Total.
Continent.
Total.
E X PO R TS TO EU R O PE PRO M A L L IN D IA .
This
week.
This
week.
Since
Sept. 1.
This
week.
Since
Sept. 1.
Since
Sept. 1.
173.000 48,000
8,000
112.000
Bombay.1........ 33.000
All other ports. 13.000
301.000 72.000
119.000 12.000
484.000
144.000
56,000
420,000 84,000
628,000
285.000
46,000
Total.........
1889-90.
1890-91.
1891-92,
Shipments
to all E urope
from —
A L E X A N D R IA R E C E IP T S A N D SH IP M EN T S.
A lexandria, Egypt,
March 2
1891-92.
1890-91.
1889-90.
110,000
4,324,000
55,000
3,690,000
50,000
3,008,000
Since
This
week. Sept. 1.
Since
This
week. Sept. 1.
Since
This
week. Sept. 1.
6,000 269.000
8,000 142.000
7.000 24ö,000
6.000 146,000
5.000 224.000
6.000 120.000
Receipts (cantars*). . . .
This w eek....
•Uuce Sept. 1,
Exports (hales)—
To Liverpool............
To Continent............
Total Europe........ 14,000 411,000 13,000 391,000 11,000 344,000
» a cantar ts 98 pounds.
M a n c h e s t e r M a r k e t . —Our report received by cable to-night
from Manchester states that the market is steady for both
yarns and shirtings. Spinners are considered to hold large
stocks of yarn. We give the prices for to-day below and leave
those for previous weeks of this and last year for comparison:
1891.
1892.
8*4 lbs.
Shirtings.
32* Cop.
Twist.
d.
d.
«
Jn.29 61*16®?1
6»16 «7^8
F*b. 5
“ 12 63g ^ 7H
X
-* 19 6 & 6 ®7^4
“ 26 6*16
i fi
7%
Moll. 4 6 le
Oolt’n
Mid. 32* Cop.
Twist.
TJplds
d.
d.
d.
d. s. d.
6 ®6 101 Aiie 8316®8716
*
5 «610
31°16 8 ® 8 M
3 « 6 8 1 3^16 778 «8*8
«
? 78 »8*8
5 2 «6
5 1^46 7
S11i6 778 98^9
8
3% 75fl i*>
5 1 '6 6
s.
5
5
5
8^4 lbs.
Shirtings.
s.
6
6
6
6
6
6
d. s.
4 «7
3 «7
1V® 7
H *® 7
n*a>7
0 «7
d.
3
3
2
2
2
0
OoiVn
Mid.
TJpldi
d.
51ie
5
415*
478
478
413î6
THE CHRONICLE
March 5, 1892. j
415
L i v e r p o o l .. —By cable from Liverpool we have the following
Overland M o v e m e n t , &c., t o March 1.—In our editorial
statement »f the week’ s sales, stocks. &o.. at that port:
Columns to-day will be found our regular statement of
overland movement, receipts, exports, spinners’ takings, &c.,
Feb. 12. Feb 19. Feb 26. M ch. 4.
brought down to March 1.
5 6 .0 0 0
4 4 .0 0 0
5 4 .0 0 0
65 0 0 0
Sales o f t h e w e e k ........ ..b a le s .
5 ,2 0 0
1 ,6 0 0
O f w h ich e x p o r te r s t o o k . . .
5 .4 0 0
4 .0 0 0
J u t e B u t t s , B a g g in g , &c.—Practically no jute bagging is
4 ,6 0 0
1 4 .0 0 0
6 .4 0 0
1 2 ,2 0 0
O f w h ich sp e c u la to r s t o o k ..
being offered for sale, and in consequence no quotations are
5 2 .0 0 0
6 1 .0 0 0
4 9 .0 0 0
39 000
obtainable. The market for jute butts is quiet but firm, the
5 .0 0 0
6 000
5 .OOO
1 1 .0 0 0
8 0 .0 0 0
7 4 oOO
61.000
6 5 .0 0 0
sales reported being on the basis of 2e. for paper grades on the
1,669.0* >0 1 .6 7 3 0 0 0 1 ,6 »<».000 1 ,7 0 9 0 0 0
Total s to c k —E stim a te d . . .
spot and 2%@3c. for bagging quality.
1 ,4 3 3 ,0 0 0 1 ,4 48 0 0 0 1 ,4 4 5 .0 0 0 1 ,4 6 6 ,0 0 0
O f w h ich A m e rica n — E stim ’ d
9 4 .0 0 0 ;
8 4 0O0
8 8 .0 0 0
9 5 ,0 0 0
S h i p p i n g N e w s . —The exports o f cotton from the United
8 9 .0 0 0
6 9 .0 0 0
8 1 .0 0 0
77 000
states the oast week, as per latest m ail returns, have reach d
2 3 0 OoO 2 2 5 .0 0 0
2 0 2 .0 0 0
2 2 5 ,0 0 0
107,950 bales.
2 5,0« 0
215,<M 0
1 9 0 .0 0 0
2 -0 000
O f w h ich A m e r ic a n -------------T ota l hale .
The cone of cne L i v e r p o o l market tor spots and futures each
N e w Y o r k —T o L iverpool, p e r steam ers Dalton. 1.202 . .
Holland. 1,3*5
Lake W innipeg. 872 St. Enoch, 4,623
(av of the week ending March 4, and the daily closing prices
. . Tauric, 4.284 .. W yoming, 1.226 ......... •- . . . . . . . . . . . . . 13,592 o f s p o t c o t t o n , h a v e b e e » a s f o l l o w s :
T o H 11. per steamer Egyptian Monarch, T ,5?5................... , .
1,525
T o London, per Btearaarw Buffalo, 9 <5
Michigan, 2 5 0 ..... 1,1 ft5
To Glasgow, p -r steamer Pom -ranian, 100............ ............ .
100
Spot.
Saturday Monday. Tuesday. Wednes. Thursd’y. Friday.
To Havre. p«-r steamer La Br^taimc, 1 ,0 1 8 ............ .
1.0 8
To Bremen, per steamer Trave, 4 5 0 .... . . . . . . . . . . . . . . . . . . . .
450
Fair
¡Hurden’e business Im proved In buyers’
M arket, (
Quiet.
...........
.........
200
T o Hamburg, per steam er Rhaetia, 200
Firm.
tone.
favor.
i:4 5 P. M. \ tendency.
doing.
T o Antwerp, per steamers Conemaugh, 1,188-----W ost rnJand, 7 0 6 . . . . .....
...........................................................•........ 1.784
3%
3U16
3%
3%
3%
3 l l ie
To Genoa, p r steamers Alsatia, 3 4 3 ....W erra , 100 ............
443 M id.U pl’ ds
To Naples, per steamer Alsatia, 2^2 . . . . . . . . . . . . . . . . . . . . . . . .
282
10.000
8 .0 0 0
8 O00
7 ,0 0 0
10 0 00
8 .0 0 0
S a le s . . ........
74 5
To Trieste, per steamer Al alia, 745 .................. .....................
3 .0 0 0
2 ,0 0 0
1 ,0 0 0
1 ,5 0 0
2 .0 0 0
1 ,5 0 0
N e w O rleans —T o w v-riK io <>«r
Counsellor, 3 ,7 5 0 .. 3.750 S pec & e x p .
To Grimsby. p 'T steamer Gor ion Castle.4,317 ................... .
4,817
Futures.
T o Havre, per steamers Emiliano, 4,350 ...In oh isla, 6 ,0 '6
Steady a t
Easy at Steady at Steady at
Very
....L-iusrhton. 5.809
P ranagua, 4 .2 9 4 ....
..............
20,529
M arket, r S'lB y At 2-64 de 1 64 @ 2-64 2-64 de
partially
Steady.
ltU
T o Bremen, oersteam ers Alderley, 5.306 ..N "•them, 4,000 9.306 1:45 P. m .$ 2-64 adv.
1-64 adv.
advance.
cline.
cline.
T o Barcelona. p °r steun er Miguel M PiniH >s. 4,2 00. . . . . .
4,20»
T<> Genoa, per steamers Italia. 4 ,3 9 8 ....M ig u e l M. Pinillos,
pulet but
M a rket, ) Steady.
Quiet. Quiet but
Quiet.
Easy.
2.250 ... ..
............................ .................................. 6,648
stead«.
steady.
4 P. M. S
20
T o Vera Cmz, per steamer Tabasqnena, 2 0 .............................
G alveston —T o Liverpool, per steamers Amet.hvst. 3 035 . . .
The opening, bignest, lowest and closing prices of futures a 4
A von a, 7.527
Duchess. 4,524 . Somerhill, 5.158 . . . . . . 20,244
Savannah —To Norrkoping. per bark Catheilne, 3 ,1 4 0 . . . . . . . . . 3 140 Liverpool for each dav are given below. Prices are on th e
To H a n g o.p -r bark Themis, 1 ,8 0 0 .. ................... . . . . . . . . . .
1,800 basis of Uplands, Low Middling clause, unless otnerwise stated :
C harleston —T o N orrk»ping, per bark Naj »den. 1,350 .............
1,350
r y * The prices are given in pence and 641/4. T h u s : 3 63 m eant
N o rfo lk —To L iverpool, per steamer *t. Regulas. 608 ..............
6 '8
_________________
N e w po r t N e w s —T o Havre, per steamer Sydenham, 2 724 . . . . 2,72 » 3 63-64rf... anft 4 01 means 4 1-64<*.
B oston —T o Liverpool, per steamers Catalonia 1,6«>0....Phila
T u e s .. M c h . 1 .
M o n ., F eb. 2 9 .
Hat.. Feb 2 7 .
delphian. 2 ,2 2 6 ....8 am aria , 6 5 9 ......... .......................... .
4 ,4 S5
1,387
T o Hamburg, per steamer Edenmore, 1.387.......................... ..
T o Yarmouth, per -teamer Yarm outh, 3 0 '» ............ . ...........
300
Open High how. GlOS . Open High Low. Oio*. Open High Low. Clot
B alt im o r e —To London, per steam er Minnesota, 500 ............
50 »
To Rotterdam, per steamer Camicia. 2 0 0 . . . . . . . . . . . ....... .
200
A.
A.
A.
A.
A.
A.
A.
A.
A.
A.
A.
4.
450
To Antwerp, per steamer Rialto, 4 5 0 . . . . ....... ........................
3 43 3 43 3 43 3 43 3 41 3 42 341 3 42
P h il a d e l p h ia —To L iverpool, per steam er Ohio, 5 3 0 ............ ....
530
344 3 46 3 44 3 46
To A ntw erp, per steamer Pennsylvania, 8 ........................
8 vich.- April. 3 43 3 43 3 43 343 3 41 3 42 3 40 3 41
T o t a l ........................................ ....................................................... 107.950
Below we add the olearancea this week o f vessels carrying
cotton from United States ports, bringing our data d o w D to
the latest dates:
O a l v e 'T iin—To L iverpool—Feb. 2 6 —Steamer Llanthony Abbey, 5,740
Ma oh l -Mt,-ainm- Rm«t.‘i 6 <2 >
.
T o Havr^—Feb. 27—S te a m c M ary T h u n vs, 5.625.
N ew O rleans —T o L iverpool—F b. 26—Steamers Hvvtien, 3,620: Wm.
Cliffe, 8 ,1 * 0 ... .Feb. 27—Steamer Main, 4 ,0 9 7 ....... M aich 4 —
Steamer Hogarth, 3 7» 0.
T o Havre Feb. 27—Bark Emma Marr. 2.597 ...F e b . 29—Sreamer
Straits o f Magellan, 4 ,6 00....... March 3 —Steamer K night Com
mander, 8,500.
T o Bremen -F e b . 27 - Steamer Crown. 4,300.
To Hamburg Feb. 2 9 —8teamer Inchdune, 2,204.
S avannah —T o B rem en -F eb. 27—Ganges 6.368.
B r o n s w ic k —T o L iverpool—March 2 —Steamer Mayfield, 6,730.
C h a r l e s t o n —To Liverpool March 3 —
Steamer Dalbeattie, 1,507.
T o Bremen - Feb. 2 « —Steamer Bessarabia. 3.964.
T o 8 t . Petersburg March l - B a r k Hibal. 18<>o.
N o r f o l k —To A m sterdam —
March 2 - Steamer Bothal, 500.
N e w p o r t N e w s —T o L iverpool—Feb. 27—Steamer Viotory, 2,025.
B oston —T o Liverpool —Feb. 2 0 —Steamer Lake Super or, 1 .4 2 9 .....
Feb. 23—8team**r Lancastrian, 2.4 32___ Feb. 2 4 -8 te a m e r Norsem m , 1,213
Feb. 29—steam er L ke Huron, 1,301.
T o Yarmouth - March 1 - Steamer Yarmouth. 10o.
B altim ore —To L iverpool—Feb. 2 0 —Steamer B dttmore, 146 ...F e b .
2 5 —Steamers Carthaginian. 1,725: Ross mo re, 1,442.
T o Bremen - Feb. 2 5 —Steamer Weimar, 2 ,1 4 8 .. ..March 2—Steamer
Am erica, 984.
T o H am burg—Feb. 25—Steamer Venetia, 155.
T o Rotterdam —Feb. 2 0 —
Steamer Handel, 5 0 1 ....M a rch 2 —Steamer
Schiedam, 1,344.
Below we give all news received to date o f disasters to
Tassels carrying cotton from United States ports, &c.
G a d it a n o , steamer (8pan.), at H avre from New Orleans. During the
*
O
on. Tues. W d e Thurs.
Satur. M
e n s.
Liverpool,steamd. 6a
s
®2
3
K*
B2 94® 3
3
6 B2
....
....
....
Do bid...d. . ...
Havre, steam...d. B2
8
52
3
B2
3
B2
3
B2
3
....
. ...
....
Do
........ d. . ...
•• •
•
Brem steam .d. 7 2
en,
,
%
3
72
8
72
S
72
S
Do indirect..d. 1 6
i
S4
16
34 16 16
3 4 ls6
34
Ham
burg,steam.d. 7 2
S
S6
1
S6
1
S6
1
80
1
Do ...... d. ....
. .. .
....
....
....
Amst’d’msteamd 40*
,
,.
40*
40*
40*
....
__
Indirect.......d. ....
Reval, steam....d. * 6 ® 5 *'®3 3 9 2 t|® 3 t4 a
9 2 ®9 2
®4 9 2 4 9 2 4® 3
¿
Do .......... d. ....
....
. ...
Barcelona,steamd. 3 ® 2 * ® .,2
4 »3 4 ®
1 92 1 92
4® 3 4® 3
G
enoa, steam
...d. 7S
S
7a
s
7a
s
73
3
72
3
Trieste, steam d lB l-t7 4 16 ®t4 16 ®M 1«4 *
... . 8 g 5 4
B ®4
54
Antwerp, steam 1 91
.d. 8® 6
1 94 * > 4
8® 6 8d »a
* Cents, per 100 lbs.
343
3 47
sei
354
3 58
3 61
4 00
4 00
3 44
3 47
3 51
3 54
358
3 61
4 00
4 00
343
3 47
3 51
3 64
3 58
3 6l
4 00
4 00
W e d ., M c h .
3 44
3 47
351
3 54
3 58
3 61
4 00
400
4 .
3 41
3 45
3 48
352
3 55
3 58
3 61
3 61
3 42
3 45
3 49
3 52
3 56
3 59
3 62
3 62
3 40
3 44
3 47
3 51
3 54
3 57
3 60
3 60
3 41
3 44
3 43
3 51
3 54
3 57
3 60
3 66
T h u r s ., M c h . 3
.
3 44
3 47
3 51
3 54
3 57
3 60
3 63
3 63
4 02
3 46
3 49
35 Í
3 56
3 59
#3 62
4 01
4 01
4 04
3 44
3 47
3 51
3 54
3 57
3 60
363
3 63
4 02
F ri., M c h .
3 46
3 49
3 52
356
3 59
3 62
4 01
4 01
404
1.
Open High Low. Clo». '»pen High Low. Olos. Open High Low. Clot.
4.
M a rch ........
Men.-April.
Aprll-M ay..
May-June..
June-July...
July-A ug...
August......
September..
S ept.-O ct...
Oct.-N ov....
N ov.-D ee...
3 45
3 45
3 47
3 50
3 54
3 57
3 00
3 63
3 63
4 02
A.
3 45
345
3 48
3 61
3 54
358
3 61
4 00
400
403
A.
3 44
3 44
3*7
3 50
3 53
3 57
3 60
3 63
3 63
4 02
A.
3 45
3 45
3 47
3 50
3 54
3 57
3 60
3 63
3 63
4 02
A.
3 47
3 47
3 49
3 52
3 59
3 59
3 62
4 01
4O
L
4 03
A.
3 47
3 47
3 49
363
3 56
3 59
S 62
4 01
4 01
4 04
A.
3 45
3 45
3 47
3 50
354
3 57
360
3 63
363
402
A.
3 45
3 45
3 48
3 51
3 51
3 57
3 60
3 63
3 63
4 02
B R E A D S T U F F
A.
3 45
3 45
3 48
3 51
J 54
3 57
3 60
3 63
3 63
4 02
A.
3 46
3 46
3 «8
3 51
3 54
3 .6
3 61
4 00
400
4 02
A.
3 45
3 45
3 43
3 51
3 64
3 57
360
363
363
4 02
a
.
3 46
3 46
3 *83 51
354
3 58
3 61
4 00
4 00.
4 02
S.
F r i d a y . March 4,1892,
The market for wheat flour was without salient feature
until Thu*sday morning, when an advance in wheat brought
in buyers for full lines at hardening values.
In fact,
there was much urgency in the ■
execution of orders
that had been for some time on the market, but prices
below the views of holders. Bat with the execution of these
orders and an easier turn to wheat the market relapsed into
Fri. dulness, and values a¿ain became unsettled. Rye flour and
corn meal have not vaiied in price, and to-day the whole
9 4 Bí market is dull.
6 ®3
The wheat market has shown considerable activity, not
B2 orly in speculative dealings but in the regular trade for ex
3
....
port and local milting. The transactions on the rfpot approx
72 imate a million bu-h-ls. But it has not been possible to ad
^
16
34 vance or even maintain values, owing to free deliveries from
86 the Northwest accompanied by a pressure to sell from that
1
....
quarter. Foreign ad 5 ices have at times been stronger, owing
40* to bad weather on the Continent, but the bulls have found it
...
impossible to withstand the Influence of Western advices of
tj® j excessive supplies, with littie prospect of any material re
9
duction in them. To-day a firmer opening, oa stronger
....
3 3 foreign advices, was changed to weakness, and the early de
4®9 a
72 liveries cl<>8‘ d cheaper. There was again a good export
3
16 , business, shippers taking about 200,000 bu-h., including No.
5 ,®1
tfi® «« 2 red w in'er at $1 06^ in store and No. 1 Northern spring at
9
$1 06*^ afloat.
v oyage o f steamer Gaditano a fire broke out am ong the cotton in
h»*r hold, and thirty bales were partly burned.
H udson , steamer, from New Orleans, fo r New York, arrived at Norfolk.
Marrh 1. with fire in her hold, and it was n ot exrinsrU'Shed until
the follow in g day. She will be taken to Portam ento to have h e r
cargo exam ined.
Cotton freights the past week have been as follows:
Aprll-M ay..
May-June..
June-July...
J uly-A ug...
A ugu st......
September..
8 ep t.-O ct...
O ct.-Nov....
N ov.-D ee...
416
THE CHK0N1CLE.
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
Mon.
Sot.
March d e liv e ry .....
April d tllv e ry ......
May delivery... . . . . .
Jure delivery..........
July d e liv e ry .......
August delivery___
Tues.
Wed-.
Thurs.
103%
i 03%
10 %
99%
9"%
95%
104% 103%
104% 103%
102% 101%
l o % 99%
99
97%
95%
104%
104%
102%
100%
9w
78
96%
10 %
104
1(2
1 (0
98%
96%
Fri.
103%
1< 3%
102%
100%
99
96%
Indian corn has changed very little. Efforts to promote a
higher range of prices have been defeated by the full move
ment at the West and the check upon the export business
which a slight advance invariably imposes. To-day there
was a slight improvement, but a quiet market for both spots
and futures.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
.0.
April delivery................ e.
May delivery................c.
June delivery.............. e.
July delivery................0.
e
Sal.
Mon.
49%
49%
49%
48%
48%
49
49%
49%
48%
49%
Tues.
49%
50
49%
48%
49%
Veti.
Thurs.
49%
50%
49%
48%
49%
49%
5o%
49%
48%
4»%
Fri.
49%
50*4
49%
4 8%
49%
Oats have been dull, but to-day, with the crop movement
showing some reduction, prices were firmer and the specula
tion was more active with the local trade on a liberal scale.
Sat.
Mon.
Tries. Wed.
36%
36%
36% 36%
36% 37
There was a fair demand for brown sheetings in makes
from 3% to 5 yards, but standards an l 3-va-d lines continue
quiet. Sheetings and drills were in somewhat better request
for export, although the majority of buyers and sellers are
still apart in their views. Bleached shirtin s were irregular,
with low grades occasionally inclined to favor buyers, one
popular ticket o f 36 inch 64 squares being reduced to 4%c.
per yard, the lowest price it has ever touc* ed. Flat-fold
cambrics, silesias and f-incy cotton linings are quiet. Denims,
ticks, cheviots and other colored cottons of similar character
are well sold ahead and firm. In printed fabrics .the chief
feature is the output of specialties, tbi3 season being marked
by a greater variety o f these than any previous on«. While
standard fancies are quiet these new productions keep the
demand fairly active. Most agents have their gingham mills
now running on autumn styles, for which the season has
not yet opened, and are meeting duplicates in spring goods
from stock. This demand is moderate except for leading
makes. Print cloths declined l-16c. to 3 l-16c. for 64 squares,
at the close of last week and have ruled quiet but steady
thereat since.
1892,
Stock o f P rin t Olotht-
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
March delivery.............. o. 36%
May delivery................... o. 37
fVOL. LIT.
Thurs.
Fri.
3 %
37
36%
37
1
.
.
Fall River manufacturers.
Outside speculators (est)..
Feb. 27.
7,000
7,000
None.
1891,
Feb. 28.
363, OU
O
261,000
Noue.
1890,
Feb. 29.
329,000
38,000
None.
Rye has met with a good demand, but the higher prices
Total stook ( p ie c e s ) .............. 14,000
.
624,000
367,000
quoted in our last are not fully maintained.
D o m estic W o o l e n s . —This department has again been
Barley shows a material decline in nominal quotations.
Buckwheat is firmer, with considerable sales of prime at 59 quiet. The attendance of buyers was on a moderate scale
throughout the week, and orders by mail light. The finer
<g60c., the latter price for arrival, but the close is quieter.
qualities of men’s-wear woolens and worsteds have been in
The following are closing quotations:
fair demand, and about an average business has resulted in
FLOUR.
cheviots, friezes and meltons, low grade all wool lines pro
P in e.................$ bbl. $2 50®$3 10 Patent, winter.......... $4 75®$5 00
Superfine.................... 3 00® 340 City shipping extras. 4 9 0 » 5 00 duced by Western mills securing a goodly share o f attention
Extra, No. 2 ............. 3 40® 360 Rye flour, superfine.. 4 25® 4 65 in these. Cotton-warp and cotton-weft goods have ruled
Extra, No. 1 ............. 3 75® 425 Pine..................... . 3 75® 4 00 slow. Overcoatings and cloakings are well sold ahead and
Clears......................... 4 20® 4 65 Corn meal—
All-wool and worsted dress goods are without
Straights................... 4 50® 4 85 Western, A o.. . . . . . . 2 90 ® 3 10 steady.
4 85®
525 Brandywine........ . 3 10 ® 3 15 material change, new business being confined to fair dupli
Patent, spring.........
cating orders placed by jobbers. Advance figures of the
Buckwheat flour per 100 lbs., $1 50 ® $1 60.
census on woolen manufactures return the value of products
[Wheat flour in sacks sells at prices below those for barrels.]
in 1890 at $338,231,109, against $267,252,913 in 1880, and the
GRAIN.
capital invest* d in the industry in all its branches at $314,Wheat—
o.
o.
Com, per bush.—
Spring, per bush... 90 » 1 1 0
West’n m ixed. . . . . 47 9 51
309.944, against $159,091,869 in 1880.
Steamer No 2 ...... 4 9 % » 50%
Red winter No. 2.. 1 0 6% ® l 07%
Foreign D ry G oods.—There has been a good business
Red winter............ 90 ® 1 08
West’n yellow....... 48 ® 51
passing in imported goods, particularly in fine cotton dress
White..................... 97 ®1 07
Western w hite. . . . 50 » 54
Oats—M ixed..$ bu. 36 ® 38
Rye fabrics and silhs, the demand for which is on a large scale.
White..................... 38 ® 42
Western, per bush. 96 ®1 00
Fancy weaves of the crepon, crepe, cord and crinkle order in
No. 2 mixed.......... 3 h%® 37%
State and Jersey.. 96 ® 1 00
woolen and worsted lines have also been in good request.
No. 2 white............ 38%® 39% Barley—No.2Wesc’n. 64 » 66
Buckwheat............... 57 » 60
The ribbon and trimming business is also assuming larger
State, 2 rowed . .. 54 ® 56
State, 6 rowed....... 65 ® 67
dimensions than usual, high-priced specialties selling freely.
W F o r o th e r ta b le s u s u a lly g iv e n h ere see p a g e 3 9 5 ,
Hosiery and gloves are without notable feature. Linens
move readily at previous prices.
T H E
D R Y
G O O D S T R A D E .
New Y ork , Friday P. M., March 4,1892.
I m p o r t a t io n « o f D r y G o o d « .
The importations of dry goods at this port for the week
Bueiress in commission circles has been interfered with ending March 3, 1892, and since Jan. 1, and the same facts
this week by the stormy weather prevailing in different parts for the corresponding periods o f last year are as follow s:
of the country, affecting orders by mail and impeding the
g
g
delivery of meichandise already contracted for. Beyond this
»
!
S
g
S
to
B
there has been no particular change in prevailing features.
te s a s i
SMw g o â
Occasional transa tions of considerable size have been re
| s ?lu
&g
O fi>
& r§
2p
corded, but the bulk of business doing is o f a between-sea
H
Bi !
Q•
son’s character, although many agents are o f the opinion that
O!
to:
01
p!
nun bers of jobbers have yet to secure a large part of their sea
0
»
g:
son’s supplies in both staple lines and specialties. The tone
B:
continues generally steady, the decline in print cloths at the
:: I
»d!
close of last week and the position of the market for raw ma
© tO»-»> »
——
terial not being reflected in finished products, except in one
tO—tok'U
10 05
H O lf*«*.
O tO
f s .
C O -JN
O O 'O
to** Q0if*t0if*l^
instance noted below; that is, most lines are governed by the
© O© ©
.
’
a
H | I ©1— X
»< — 00 )
tv C if*< C
O 1P
If* CP © © i f *
relation of supply to demand irrespective of other possible in
** 3
CP
K
fluences. The jobbing trade, despite the weather, has been
cr ii*
Mk 1
-* 0
tO tO 05 CO CO 1
3 V
C J
0<
CP05 05C P X
O conosco
i
©CO CO¿-»05
active, a large business being recorded. Results in jobbing
05^ICP<I35«t
©
C P
tfC
■§> a
to to coot
»- o
I a
<1 *4 tC CO —
C lO Jl
O ^V
I-»<1 C ©D © tO
circles for the month of February make a very favorable com
s
CO CO t o © <3
OD©M
tOlf*
O if*
<1- CBCO r-CO
H
QQCPCPO^I
to H 0 .0 00
*05
parison with February last year in nearly every department,
C P©
the excellent demand from the West and Northwest more
than covering the deficiencies of the Southern trade. Easy
tO || CO P '4 *
*
firancial conditions are generally indicated by the continued
to »ooo©c*>
8
05 05 CCtO 50
to© >-*x h*a co
co© © * — * CO<|
CP 05 © if* CO
—
0
0 o©
promptness with which settlements are made.
© C © C P 00Wto
O
© 05
D o m estic C otton G o o d s .— The exports o f cotton goods
to©
HMrf*
from this port for the week ending March 1 were 8,566
to 'IC —©
O
C C C ©00 © O
OO O
C
co05a tf* ©
packages, valued at $413,071, their destination being to tn«
I- if*© to ^
C © i f* 4 * .^
© 0 h-OtO 35^1
0
c a © o
p
o© a to <ico no
points specified in the table below:
©if* —©©
© O50< to
C
1
CO 05 0* X CO
05^ 0 X if*
15
o* ^4 a> © cp
If* 05
4*^ OD — CO IO 05
C ^ ©*4 to
PJ
©to © to cp to oo
©aoto©^i
1892.
New Y ork
to
1891.
March 1.
Week. Since Jan. 1
Great B rit a in ..................
Other European..................
C h in a .......................
I n d ia ..................................
Arabia............... ..................
Africa....................................
West Indies....... .
Mexico___. . . . . . . . . . . . . . . . . .
Central A m e r ic a .............
South America.......................
Other cou n tries..................
30
88
6,815
125
68
506
44
128
701
61
758
412
17,224
1,257
804
3,826
3,451
830
1,164
8,603
636
Week. âïnce Jan. )
94
115
950
835
150
7
205
15
51
841
47
836
279
20,368
3 4>3
1,585
'235
2,577
'426
1,091
5Ì477
246
Total................................
China, via Vancouver........
8,566
....
38 855
3,400
3,310
—
36,561
8,050
T o t a l........ ................
8.f 66
42.255
3,310
44,611
The value of the New York exports since January 1 have
been $2,069,694 in 1892 against $1,990,630 in 1891.
to© —coco
<i ; C o © Ü1 M 05 ©
© • oP
**
to ©to
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if* > Qo cp
to a on f*
© i^ © © X © 4 *
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COO)
to ©
C 05£>to r
0
f*
to V
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if*
—5
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O
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to 0 © to 05
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M a r c h 5, 18 2.]
THE CHRONICLE.
Sta te /m C ity Hzfrtnvtztn.
®
TE R M S O F S U B S C R IP T IO N .
C o m m e rc ia l a n d F in a n c ia l C H R O X IC L /E conains 4 0 to 6 4 pages published every week.
S tate a n d City S u p p lem en t of C H R O N IC L E con
tains 1 8 4 pages published several times each year.
In v e sto rs’ S u p p lem en t of C H R O lV iC L E (a Cyclo
paedia of Railroad Securities) contains 1 6 0 pages published
every other month.
__________
4 i7
the sinking fimds held b y the city against the same on the first o f
January of each of the last three years. In the table of totals for
1892 the permanent loan and the outstanding contracts are omitted, as
these items have not as yet been reported to us this year.
1892.
1891.
1890.
$2,241,861
Municipal bonded debt.......... $2,523,111 i $2,444,361
60,210
59,310
82,201
70,195
Outstanding contracts, e tc...
Total debt Jan. 1 ................ $2,523,111
Sinking fund, etc...................... 1,340,806
$2,586,771
1,470,975
$2,371,366
1,411,673
Net debt............................... $1,182,305
Water debt (additional)............ $1,700,000
244,151
Water sinking funds and cash.
$1,115,796
$1,700,000
223,102
$959,693
$1,700,000
209,146
$1,476,897
$1,490,854
Net water debt.................... $1,455,849
$2,592,693
$2,450,547
Total net debt Jan. 1 ................ $2,638,154
The sinking fund for the water debt receives yearly $13,500, for
Subscription to CHRONICLE for one year St 0 .0 0 ,
other debt various amounts. The sinking funds are mostly invested
which includes every issue of both S u p p l e m e n t s .
in the city’s own bonds, the balance not so invested being on deposit
in banks.
CITY P R O P E R TY —The city owns property, real and personal,
T h e p u rp o se o f this State a n d City D e p a r tm e n t
is to furnish our subscribers with a weekly addition to and valued at $3,492,376. This includes its water-works, valued at $1,500,000. The water works in 1890 had gross earnings (including water
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 for city purposes, receipts for meters, etc.) of $128,434; net earnings of
words, with the new facts we shall give, the amplifications $99,879. Interest paid $97,375.
and corrections we shall publish, and the municipal laws we
DEBT LIMITATION—The city’s debt, after deducting water debt
shall analyze in the “ State and City Department,” we expect and sin k in g funds, is limited by statute to 2 ^ per cent of the average
to bring down weekly the information contained in the assessed valuation for the preceding three years.
ASSESSED VALUATION—The city’s assessed valuation (about 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 same as real value) and tax rate have been as follows, real estate being
taken at cash value :
on the page designated at the head o f each item a
reference to the page where the item in the C h r o n ic l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.
m en t
M U N IC IPAL D E B T REPORTS CORRECTED
TO DATE.
We give our readers this week the detailed financial
statements for the cities of Fall River, Mass.; Newton,
Mass.; Fitchburg, Mass., and Lynchburg, Va. The
table of loans in each of these reports shows the name
or purpose of every bond issue of the city, the rate per
cent of interest paid, date when bonds mature, months
when interest is payable, and the amount outstanding
at the present date. Following the loan table we give
as usual figures showing the city’s total debt, its sink
ing funds, the assessed valuation of property, and tax
rate, for a series of years.
Real
Estate.
Personal
Property.
Total
Rate o f Tax
Valuation, p e r $1,000.
$54.281.930
$17-20
1892...................$33,269,950
$21,011,980
54,296,330
17-20
1891.................. 33,393,000
20,933,330
53,473,183
16-40
1890.................. 32,459,650
21,013,533
49,841,691
17-80
1889.................. 30,687,300
19,154,391
43,815,275
....
........
........
1885...................
The tax rate in 1890 was made up of city tax proper, $12-00 ; State
and county tax, $4-40 ; total, per $1,000, $16-40.
Tears—
N E W T O N , M ASS . — Mr. Herman E. Hibbard continues to offl
ciate as Mayor of this city. Newton is one of the few Northern cities
having tax-receivable coupons attached to any of its bonds.
The city is situated in Middlesex County and the details o f its present
outstanding debt are as follows.
Sc h o o l L o a n .— (Continued.)
LOANS—
W hen Due.
4s, A&O, $10,500... .Oct. 1,1896
B o ard of H ealthSc h o o l N otes—
48. A&O. $17,000... .Oct. 1,1897
4s, Jan., $10,3 0 0 ....Jan. 25,1892
D r a in s a n d C u l v e r t s —
4s, A&O, $ 2 5 ,0 0 0 ....Oct. 1,1897 ($5,150 due yearly) to Jan. 25,1894
4s, A&O,
20,000... .Oct. 1,1898 4s, Oct., 15,000.......Oct. 1,1898
312s, Sept., 22,500...Sept.27,1892
E n g in e H o u s e L o a n 48, A&O,
$5,000... .Oct. 1,1895 ($4,500 due y’rly) to Sept. 27,1896
Se w e r B o n d s 4s, A&O,
5 ,0 0 0 ....Oct. 1,1896
4s, A&O,
6,500....Oct. 1,1897 48, A&O, $175,000....Apr. 1,1911
H o s p it a l
48, A&O,
4s, A&O,’
and
A lm s H o u se-
$ 7 ,6 0 0 ....Oct. 1,1895
10,000... .Oct. 1,1896
M u n i c ip a l B o n d s —
T o w n Notes—
6s, A&O, $30,000. ..Apr. 22,1892
6s, M&S, 47,000. ..Mur. 10, 1894
W a t e r L o an s—
6s, J&J, $600,000....July 1,1905
5s, J&J, 250,000....July 1,1906
P a r k B o n d s—
FALiE R I V E R , M ASS. — Mr. John W. Coughlin is still Mayor 4s, A&O, $25,000... .Apr. 1,1908 4s, A&O, 100,000... -Oct. 1,1910
4s, A&O, 100,000... .Oct. 1,1914
S
o f this city. The Common Council have recently authorized a new 48, c h o o l B o n d s A&O, $44,000... .Apr. 1,1895 4s, A&O, 100,000... .Oct. 1,1917
4s, A&O, 100,OOO....Oct. 1,1918
loan of $90,000, to be made up of improvement bonds to the amount
S c h o o l L o a n (new Claflin)—
4s, A&O, $5,000... .Oct. 1,1892 4s, A&O, 3 0 0 ,0 0 0 ....Oct. 1,1920
o f $50,000, hospital bonds $25,000 and $15,000 of water bonds.
4s, A&O,
1 8 ,0 0 0 ....Oct. 1, 1893
Fall River is in Bristol County.
($6,000 due yearly) to Oct. 1,1895
P a v in g L o a n s — (Co n t.)—
LOANS—
When Due.
PAR VALUE OF BONDS.—All the bonds are for $1,000.
C it y H a l l L o an s—
3*28, J&D, $22,500 .. .June 2,1892
3 78S, M&s, $70,000..Sept. 15,1892
($2,500 due y’rly) to June 2,1900
INTEREST—W H ERE PAYABLE.—Interest on bonds is payable
($10,000 due y’rly)to Sept.15,1898
Sc h o o l L o a n —
33ts, M&N, $15,750..Nov. 5,1892 3*28, M&N, $45,000. .May 5,1892 at National Revere Bank, Boston.
($1,750 due y’rly) to Nov. 5,1900 ($5,000 due y’rly) to May 5,1900
T O T A L DEBT, SINKING FUNDS, ETC.—The subjoined statement
2^8,M&N, $20,000...May 1,1892
Se w e r L oan s—
shows Newton’ s total municipal debt, the water debt, the sinking funds»
($2,000 due y ’rly) to May 1,1901 6s, M&N, $61,860... .Nov. 1,1896
3^8, A&O, $40,000.O ct.. 1,1892 6s, M&N, 125,000,.. .May 1,1905 and the net debt, on the first of January of each of the last two years
1892.
1891.
($5,000 due y’rly) to Oct. 1,1899 4*28, J&D, 5 0 ,0 0 0 ....June 1,1892
3*28, A&O, $45,000.A p r ..15,1892
$441,474
($2,500 due y’rly) to June 1,1911 Municipal debt and interest accrued............... $543,979
($5,000 due y’rly) to A pr.15,1900 4s, J&D, 50,000... .June 1,1892 Water debt
do
do
............... 1,581,250
1,436,620
F uni >iNG L o a n s —
($2,500 due y’rly) to June 1,1911
Os, M&N, 400,000...May 1,1895 3*28, M&N, $54,000. .May 1,1892
Total debt........................................ ...........$2,125,229
$1,878,094
6s, J&D, 25,000...June 1, 1897 ($3,000 due y’rly) to May 1,1909 Sinking fund.......................................................
432,623
527,498
5g, F&A, 600,000...Aug. 1,1894 3128, A&O, $47,500..Apr. 1,1892
$1,692,606
$1,350,595
5s, M&N, 50,000...May 1,1895
($2,500 due y’rly) to Apr. 1,1910
Net debt January 1
5s, M&N, 175,000...May 1,1898 3%s, M&N, $9,500...Nov. 5,1892
The sinking fund receives yearly about $59,000, and in addition
4s, F&A, 100,000...Aug. 5,1892 ($500 due yearly) to Nov. 5,1910
4s, M&N, 144,000...May 1,1895
$9,650 is raised annually by taxation to pay maturing notes.
W a t e r B on ds3 788,F&A, 100,000...Aug. 5,1892 68, M&N, $175,000.. .Nov. 1,1892
DEBT LIMITATION.—The city’ s debt, after deducting water debt
3%s,A&0, 160,000... Apr. 1,1892 ($25,000 due y ’rly) to Nov. 1,1898
($20,000 due y’rly) to Apr. 1,1899 6s, F&A, $150,000.. Aug. 1,1899 and sinking fund, is limited by statute to 2 ^ of the average assessed
H ig h w a y L oans —
6s, M&N, 175,000...Nov. 1,1899 valuation of the three preceding years.
4*28, J&D, $50,000... June 1,1892 6s, F&A, 100,000 ..Feb. 1,1900
ASSESSED VALUATION.—The city’s assessed valuation and tax
($5,000 due y’rly) to June 1,1901 6s, F&A, 300,000...Feb. 1,1904
4*28, M&S, $40,000...Sept. 1,1901 6s, F&A, 300,000...Feb. 1,1905 rate have been as follows, real estate being taken at about market
4s, J&D, $50,000...June 1,1892 6s, M&N, 100,000...Nov. 1,1906
($5,000 due y’rly) to June 1,1901 5s, M&N, 100,000...May 1,1908 value:
Real
Personal
Total Assessed Rate o f Tax
3%s, M&S, $13,500..Sept.15,1892 5s, F&A, 100,000... Feb. 1,1909 Years.
Estate.
Valuation, p e r $1,000.
($1,500 due y’rly) to Sept.15,1900 5s, M&N, 100,000...May 1,1909 1891.................... $28,004,275 Property.
$9,523,585
$37,527,860
$15-00
M u n i c ip a l L o an s —
4s, F&A, 100,000...Aug. 1,1900
1890................... 26,640,500
9,518,525
36,159,025
14-6Q
3%s, M&N, $13,500. .Nov. 5,1892
W a t e r W o r k s E x t e n s io n —
9,264,372
34,654,672
14-80
($1,500 due y’rly) to Nov. 5,1900 3%s, M&N, $9,000...Nov. 5,1892 1889.................... 25,390,300
1888.......
24,132,630
9,146,012
33,278,642
15-20
P a v in g L o a n s —
($1,000 due y’rly) to Nov. 5,1900
1880................... 17,718,270
7,481,830
25,200,100
14-00
4*28, J&D, $25,000...June 1, 1892
W a t e r I n d e m n it y —
($2,500 due y’rly) to June 1,1901 3^s, A&O, $12,000.. .Apr. 1,1892
Tax rate in 1890 included city tax proper, $13-48; State tax, $0-53
4s, J&D, $25,000.......June 1,1892
($2,000 due y’rly) to Apr. 1,1897
county tax, $0-53; total, $14-60 per $1,000.
($2,500 due y’rly) to June 1,1901
TAX-RECEIVABLE COU PONS.—Water bonds for $1,550,000, and
* The 4*2 per cent highway loan, amounting to $40,000, was issued school, municipal, sewer and park bonds for $278,000, carry taxfiept. 1,1891, and is secured by a special sinking fund.
receivable coupons.
INTEREST—W HERE PAYABLE—Interest on most of the bonds is
paid only at the office of the City Treasurer; on some small issues, in
F I T C H B U R G , M ASS .— Mr. Samunl L. Graves is the new
London and Boston.
Mayor of Fitchburg. In regard to the $400,000 of 6 per cent general
T O T A L DEBT, SINKI NG FUNDS, ETC.—The subjoined statement city bonds which fall due in 1893, Mayor Graves in his inaugural
«hows Fall River’s total municipal debt the additional water debt and address said that authority had been granted for the funding o f one-
5s, J&J,
$34,000....July 1,1895
418
THE CHRONICLE.
half o f this amount, and that the remainder would he paid at their
maturity hy the general sinking fund, which would by that time be
amply sufficient for the purpose. The following detailed statement of
Fitchburg’s debt is furnished us by George E. Clifford, City Treasurer.
LOANS—
B r id g e N o t e s —
Se w e r N o t e s (co n tin u e d )—
When Due.
4s, M&N, $4,500. .Nov. 1, ’ 92 & ’93
4s, J&D. $6,000..Dec. 1, ’95 to ’98
W a t e r B o n d s—
6s, J&J, $80,000........July 1,1905
6s, J&J, 20,000........July 1,1906
4s, M&N, 2,000........Nov. 1,1894
P a v in g N o t e s —
4s, M&N, $16,500.Nov. 1, ’92 to ’98 4s, M&N, 2,500....... Nov. 1, 1895
4s, J&D,
3,000.Dec. 1, ’ 92 to ’95 4s, M&N, 100,000....... July 1,1901
4s, A&O, 50,000........Apr. 1,1903
Sc h o o l N o t e s—
Subject to call after Apr. 1,1898
4s, J&D, $25,000. June 1 ,’92 to ’99
4s, M&N, $ 100 ,000 .May 1.1911
Se w e r N o t e s —
4s, M&N, $12,000.Nov. 1, ’94 to ’98 3^ «, A&O, 50 ,000..Apr. 1,1898
PAR VALUE OF BONDS.—The bonds are for $ 1,000 each and all
eoupon except the 3*2 per cents due 1898 and the 4 per cents due in
1903. These latter are registered.
INTEREST—WHERE PAYABLE.—Interest is payable in Boston
at Merchants’ Bank.
TOTAL DEBT, SINKING FUNDS, Et c —The subjoined statement
shows Fitchburg’s total municipal debt, the sinking fund held by the
city against the same, and the water debt, on the 1st of December Of
each of the last three years.
1891.
1890.
1889.
Total city debt December 1 ....... $926,500
$1,038,000
$1,004,000
Sinking funds, cash, etc.............. 320,269
469,148
424,458
C it y B o n d s-
68, J&J, $400,000.......July 1,1893
$568,852
$579,542
Net debt on December 1 ........$606,231
Water debt, included above........ $404,500
$504,500
$504,500
The total city debt on December 11892, as given in the above, in
cluded temporary loans to the amount of $55,000. On January 25
1892 a temporary loan of $25,000 was redeemed, and the remaining
$30,000 is in the shape of a city note which falls due on March 241892.
The sinking funds are invested in sundry municipal bonds.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follows:
Tears.
S ea l
Estate.
Personal
Property.
Total
Valuation,
$3,591,12 6
18 9 0 ............... $11,885,080
$15,476,216
1889 .............. 11,086,375
3,724,393
14,810,768
1 8 8 8 ...................................
13,694,890
The city’s valuation for 1891 has not yet been reported.
S ate o f Tax
p e r $1,000.
$16-40
17-00
LYNTCHB1JRO, V A . — Mr. R. D. Yancey is still Mayor of this
city. In the following financial report will be found the details of the
bonded debt outstanding on February 11892 as reported by the City
Auditor, K. Otey. Figures showing the total debt, sinking funds,
amount of city property, assessed valuation, etc., for this and previous
years are also given.
Lynchburg is situated in Campbell County.
LOANS—
When Due.
P ublic I mprovements—1890.
F u n d e d I n t e r e s t B o n d s .— 1866 48,* J&J, $55,000.................... 1924
and 1871,
R edemption B onds—1879 and
6s, J&J, $1,241 ......................1900
1889.
8s, J&J, $53,048...........1904 1905 5s,* J&J, $166,100...................1914
G e n e r a l E x p e n s e s —1870.
School B onds—1871 and 1880.
8s, J&J, $50,000......................1905 8s, J *J, $30,000......................1905
L y n c h b u r g & D a n . R R .—187 1 .
6s,t A&O, $21,000...................1900
6s, J&J, $200,000..................... 1901
Support of Poor —1864.
L y n c h . H. & N. C. RR.—1871.
6s, J&J, $7,000.......; ................ 1894
5s,* J&J, $250,000...................1920
T axation B onds—1866.
Subject to call after 1897.
6s, J&J, $48,000......................1903
M a r k e t H o u se a n d G r o u n d s.
V a . & T enn. RR. B onds.
8s, J&J, $19,453 ......................1905 6s, J&J, $182,500... .1890 to 1915
8s, J&J, $26.000......................1907
Water Bonls—
P e r m a n e n t I m p r o v e ’ n t s —188 2 . 6s,t A&O, $24,500...................1900
5s,* J&J, $384,300.................. 1916 6s, J&J,
3 5,000................ 1904
Subject to call after 1892.
6s, J&J, 35,000 ................ 1912
6s,* J&J,
$4,600.................. 1916 5s,* J&J, 100,000.................1915
Subject to oall after 1892.
5s,* J&J,
20,700............... .1916
* Exempt from taxation, t All in sinking fund.
INTEREST on the Lynchburg & Danville RR. bonds is payable in
Baltimore; on all other bonds interest is payable at the offloe o f the
City Treasurer, Lynchburg.
T O T A L DEBT, SINKING FUNDS, Et c .—The subjoined statement
shows Lynchburg’s total bonded debt and the sinking fund held by the
city against the same on the 1st o f February o f each of the last three
years:
2
1892.
1891.
1R90
Tot. fund, debt (incl. water debt). $1,713,442 $1,617,842 $1,587 842
•inking funds..................................
358,951
323)675
286)579
Net debt on February 1............$1,354,491 $1,294,167 SI 301
Water debt......................... .............. $215,200
$215,200
$ 215)200
The sinking fund receives yearly about 1 per cent of the city’s debt.
The amountof city bonds heldby this fund on Feb. 1,1892, was $350,308
CITY PR O PERTY .—The real and personal property of this city, as
charged on the city’ s books, is valued as follow s:
Property o f Fire Department......................................
*0 7
School p roperty..... ......................................................................
7 ? 900
Property of Water Department........................................................ 3 74 ’ i 54
Miscellaneous city property, real estate, etc........... 187)692
Total..............................................................................................$665,350
DEBT LI MIT ATION.—The city’s debt is limited by its charter to 18
per cent o f the taxable values as shown by the books of the Commis
sioner o f the Revenue.
ASSESSED VALUATION.—The city’s assessed valuation (about 85
per cent o f cash value) and tax rate have been as follow s:
S ea l
if®!)®Estate.
1892*..................... $ ...............
1891......................... 8,109,723
1890.....................
8,110,000
1889......................... 7,042,027
1888......................... 6,964,657
1887......................
6,869,736
1885......................... 6,554,876
1881........................ 5,237,635
Personal
Tot. Assessed City Tax
P roperty. Valuation. ».$1,000
$ ...............
2,573,412
2,300,000
2,127,883
2,205,908
2,082,447
2,040,974
1,617,640
$
10,683,135
10,410,000
9,169,910
9.170,563
8,952,183
8,595,850
6,855,275
sRifi-nn
16-00
16-00
15-00
16*50
) ” ));
July116 a88e88roeilt ior l®92 wlu not be reported until the month of
fVoi*. LTV.
THE LYON COUNTY COMPROMISE ACCEPTED.
W e learn by telegraph that the compromise agreement
offered by the Sinking Fund Commissioners of Lyon County,
Ky., has been accepted by the holders o f the county bonds.
The total debt of the county with interest to date amounts to
between $265,000 and $270,000, which is about 27 per cent of
the assessed valuation. No interest has been paid on the
original issue of 7 per cent bonds since 1877, and the holders
of the second series of 6 per cent bonds, known as “ The Fund
ing Loan,” have received no interest since April 1, 1888. The
law under which the 6 per cent bonds were issued provided in
case of defalcation for a personal judgment against the indi
vidual taxpayers, but with the county united against the pay
ment of the debt it was found impossible to enforce the pay
ment of such judgments, although numerous efforts were made
to do so.
The terms of the present agreement provide that the bond
holders who shall accept the compromise shall be paid by Lyon
County fifty per cent of the face value or principal of their
bonds and fifty per cent of the face value of the unpaid cou_
pons of said bonds which matured on and prior to October 1*
1891. The pavments must be made within ten years from
October 1st, 1891, and one-tenth part of said fifty per cent o f
the bonds and coupons must be paid each year on or before
the 1st of October. The agreement further provides that
interest shall be paid by the county on said fifty per cent o f
the bonds and coupons at the rate of 6 per cent per annum
from October 1.1891. The interest will be paid semi-annually,
the date for the first payment being October 1, 1892. The
Louisville Trust & Safety Vault Co. is named by the agree
ment as the custodian of the bonds and coupons.
The bondholders’ committee consider this compromise an
exceedingly favorable one, and it is to be hoped that by its
means the county may escape financial embarrassment in the
future.
V irginia.—A resolution was reported in the Senate thisweek providing for a committee to confer with the authori
ties of West Virginia in regard to that State’s proportion o f
the Virginia debt. In case no settlement is effected, the com
mittee has authority to bring suit in the courts.
B o n d P r o p o sa ls a n d N e g o tia tio n s.—W e have re
ceived through the week the following notices o f bonds
recently negotiated and bonds offered and to be offered for
sale.
Allegany County, Md.—A bill authorizing the Commis
sioners of Allegany County to issue $75,000 of school bonds
has passed the Maryland Legislature and been approved by
the Governor.
Alexandria, Va.—(State and City Supplement, page 150.>
—A proposition to issue $200,000 of 5 per cent street improve
ment bonds is before the city council.
Baltimore, Md.—(State and City Supplement, page 80.>
—Among the House bills passed by the Maiyland Senate this
week was that authorizing the city of Baltimore to issue
new bond? to the amount o f $6,000,000 for building a court
house and for other purposes.
Baraboo, W K —(State and City Supplement, page 108)—An election will be held in this city on April 3 i892 to vote
on the question of issuing new bonds to the amount of $35,000,
proceeds to be used for the City Hall, bridges and new school
house.
Brooklyn. N. Y.—(State and City Supplement, page 48).—
A favorable report has been received by the flew York Senate
from the committee on a bill making the interest rate on
Brooklyn city and school bonds 4 per cent.
Cascade < onnty, Mont.—(State and City Supplement,
page 136).—This county has sold $150,000 of 6 per cent 20-year
bonds to L. H. Har.-hfit Id, of Helena, Mont. The bond»
b rou gh t par and a premium of $2,512.
» incinnati, Ohio.—(State and City Supplement, page 86.>
—Bids will be received until March 19th for $300,000 of Cincin
nati additional pavement bonds, bearing interest at the rate of
4 per cent and falling due June 1 1911, optional after June 1
1901. A bill authorizing this city to issue $6,000,000 of water
bonds has passed the lower branch of the Ohio Legislature.
Collinsville, Tex —The city o f Collinsville has recently
sold scht ol bonds amounting to $13,000.
Cook County, 111.—(State and City Supplement, page
89).—Cook County 4 per cent refunding bonds to the amount
of $1,350,000 are offered for sale. For particulais see adver
tisement elsewhere in this Department.
Concord, N. H.—(State and City Supplement, page 14).—
Proposals will be received until March 8 1892 for 4 per cent
water bonds of the city of Concord. The total issue will
THE CHRONICLE.
March 5, 18t>2.j
419
amount to $325,000 and the bonds will mature on JaD. 1 1922. to meet the expense of distributing the water over the lands
The total water debt of the city, including this issue, is $560,- of the district.
000. Concoid has other bonds outstandir g to the amount of
Joplin, Mo.—(State and City Supplement, page 120.)—
$246,050. The city’s assessed valuation is about $11,000,000.
Proposals will be received until March 18 1892 for $20,000 of
D etroit, M ich .- (State and City Supplement, page 103).— 6 per cent 10-20 year bonds of the Joplin School District.
The Detroit public sewer bonds, to the amount ot $500,000.
Kingston, N, Y.—(State and City Supplement, page 53.)
offered for &ale on March 1 were awarded to Messrs. Lam- —The outstanding $60,000 of 7 per cent City Hall bonds will
precht Bros. & Co. o f Cleveland, Ohio. The latest reports be called and the city will issue refunders to pay for the same,
of the city’s debt valuation, etc., are as follows:
Lawrence County, Ohio—(State and City Supplement,
$836,251 page 88).—Offers will be accepted until March 9 1892 for 5 per
Total debt March 1, ’92..$2,856,500 I Sinking funds..............
"Water debt (included)... 1,229,000 |Tan valuation............. 175,450,000
cent turnpike bonds of Lawrence County to the amount of
Fiatbn li, N. Y.—(State and City Supplement, page 5 ).— $100,000. Bonds will mature at the late of $5,000 semi
The town of Flat bush offers for sale $235,000 of 4 per cent bonds, annually from March 1 1901 until all are paid.
and proposals for the same will be received at the office of the
Low* 11, M ass—(State and City Supplement, page 27.)
Long L land Loan & Trust Co., Brooklyn, until March 101892.
—The City Council has authorized new bonds to the amount
Glendale, Ohio.—At an election to be held in this village on of $50,000.
April 4 1892 the question of issuing $35,000 of water bonds
Musi- ingum County, Ohio.—The lower branch of the Ohio
will be submitted to the voters.
Legislature has passed a hill authorizing the issue of $46,000 of
Hamilton, O h io.— (State and City Supplement, page Muskingum County bridge bonds.
88.)—Ibis city has sold $40,000 5 per cent High School bonds
New York, N. Y —<State a n d City Supplement, page 54.)
to Messrs. Blair & Co. of New York.
-rBids will be received until March 10 1892 for 8 per cent
Hannibal, Mo.—(State and City Supplement, page 120.) dock bonds to the amount of $500,000. These bonds will be
—Ibis city has sold $20,000 of electiic light bonds to the Don exempt from taxation.
aldson Bond & Stock Co. of St. Louis, Mo.
Norwood, Ohio.—Proposals will be received until March 11
Herkimer, N. Y —On March 8,1892, the town of Herkimer 1892 for 6 per cent street improvement bonds of the village
will sell at auction 5 per cent bonds to the amount of $1,000.
of Norwood to the amount of $12,519. The bonds are to be
H untington, W. Ya.—(State and City Supplement, page dated March 10 1892, and they will mature one-tenth yearly
160.)—Proposals for 6 per cent 30-year paving bonds will be from that date.
The Norwood School District also asks for bids until March
received UDtil March t9, 1892. The city’s total debt at present
is $74,000 and its assessed valuation of taxable property for 14 1892 for 5 per cent school bonds to the amount of $5,000.
These bonds will be for $500 each aud will mature at the rate
1892 is $3,800,040.
Jamaeha Irrigation District, Cal.—An election was held of two yearly fiom 1912 to 1916.
Omaha, Neb.—(State and City Supplement, page 128.)—
in this district on Jan. 30 for the purpose of voting on the
question of issuing $700,000 of bonds. The result was practi Bids will be received until March 10 for $175,000 of 5 per
cally unanimous in favor of the proposed issue, only one nega cent City Hall bonds and until March 21 for $100,000 o f 5 per
tive vote being cast. This district comprises 22,000 acres of cent school bonds.
>i. Mary’s, Ohio.—The Ohio Senate has passed a bill author
land south of the cuy of SaD Diego, all o f which is suitable
for the growing of citrus fruits. As most o f the district is in izing the town of St. Mary’s to bond itself for an electric light
the frostlr'ss region, it is especially adapted to the cultivation plant to the amount of $15,000.
Saginaw, Mich.—(State and City Supplement, page 105),
of the lemon. Of the new bonds $105,000 will be used to pay
for the construction of a reservoir and the site for the same. —Messrs. Lamprecht Bros. & Co. of Cleveland, Ohio, have
The remainder of the issue will be offered for sale as needed
^
F o r o t h e r p r o p o s a ls see n e x t p a g e .
NEW
COOK
LOANS.
NEW
LO AN S.
LOANS.
N EW
LO A N .
COUNTY
Refunding Bonds.
T he County o f Cook offers fo r sale $1,350,000 o f
fo u r (4) per cent refunding bonds, dated May 1st,
A . D. 1892, and d-vided into series numbered from
on e to twenty, eacb o f which series is for the sum o f
sixty-seven thousand five hundred (167,600) dollars.
Said series are payable in from one to twenty years
respectively, in denominations as follow s: One m il
lion ($1 ,000,00*0 dollars o f one thousand ($1 ,000)
dollars each, and three hundred and fifty thousand
<$35o,000) dollars o f five hundred ($500) dollars each,
and payable each year commencing May lBt, A . D,
1893, to w it : Fifty thousand ($50,000) dollars o f one
thousand ($1,000; dollar bonds, and seventeen thou
sand five hundred ( i 17,500) dollars o f five hundred
($500) dollar bonds, and the interest thereon payable
semi-annually in May and November, both principal
and interest payable at the County Treasury o f Cook
County. These bonds will be printed from steel en
graved plates o f such a quality that the bonds will be
accepted and can be listqd on the Stock Exchange,
N ew York.
Sealed bids accompanied by certified check for one
per cent o f amount bid fo r made payable to the
County Comptroller, as an act o f good faith on behalf
o f the bidders, will be received for all or any portion
th ereof up to 12:30 P. M. o f March 14tn, A . D. 1892,
a t the office o f County Comptroller o f the County o f
Cook, 210 Court House, Chicago. Said bids will be
opened at the meeting o f the Board o f Commissioners
Monday, March 14th, 2 P. M. Full inform ation in
regard to the said bonds may be obtained at said
office. Bonds will he delivered to those purchasing
o n the afternoon o f April 29th, A . D. 1892.
Privilege reserved by the Board o f Commissioners
t o reject any and all bids. .
H EN RY W ULFK,
County Comptroller o f the County o f Cook.
The Colorado Mining
Investment Company,
41 W A L L S T R E B T , N E W Y O R K ,
$ 2 7 5 ,0 0 0
City of Galveston, Texas,
4 0 -Y e a r 5 Per Cent
BONDS.
AMOUNT OF ISSUE, $275,000.
Lim ited debt bonds, interest January 1 and July 1,
payable at New York Guaranty & Indem nity Co., or
in Galveston.
These bonds are Issued fo r paving purposes, and
the city pledges fo r interest and principal a special
levy on all real and personal property within city
limits, with provision fo r an additional sum from the
general revenue o f the city should it he necessary to
com plete interest and Sinking Fund requirements o f
these bonds.
City has option to redeem after 1912.
T o ta l v a lu a tio n « , r e a l esta te
an d p e rs o n a l p rop erty < it y o f
G a lv e s to n , a s a ss e sse d .......... 8 2 2 ,9 8 1 ,0 0 0
T o ta l c ity debt fo r n il p u rp oses,
in clu d in g a b o v e issu e ...............
1 ,7 7 6 ,0 0 0
C ity o w n s p ro p e r ty not in c lu d
ed in a b o v e v a lu a tio n s to
am ou n t o f . ....................................
1 ,9 5 1 ,0 0 0
B U IL D IN G ,
BOSTON, H A SS.
DEALERS IN
OIVIDEND-PAYING MINING
SECUR ITIES.
$ 5 0 ,0 0 0
CITY
OF
LYNN
W ater Loan
R E G IS T E R E D
4s,
DUE 1922,
lAt 104 1-2 and Interest,
A t w h ic h p r ic e th ey y ie ld 3 3 - 4 .
Blake Brothers & Co.,
W e own and offer the above bonds, and can confi
dently recomm end them to investors.
5 NASSAU S T R E E T , N E W Y O R K .
P r ic e , 1 0 3 1-2 a n d in te re st.
28 S T A T E S T R E E T , BOSTON.
Bonds will be ready fo r delivery March 7.
Marquand & Skehan,
b a n k e r s
, i o b r o a d s t ., n . y . c i t y .
Whitaker & Hodgman,
B A N K E R S , S T . L O U IS , M O .
8 1 0 0 ,0 0 0
Seattle, Washington,
SCHOOL. 5s.
DUE J A N U A R Y , 19 1 0 .
Interest January and July 1, at New Y ork City.
CITY AND C O U N TY
BONDS.
AHES
NEW
B O U G H T AND SOLD.
Assessed valuation (1 8 9 1 )...... 8 4 ',6 6 7 ,1 6 5
R e a l v a lu a t io n ............................. 6 6 , n o 0 ,0 6 6
T o i a l b o n d d s c h o o l d e b t ...........
T o ta l v a lu e s c h o o l p r o p e r ty ......
3 5 0 ,0 0 0
4 5 0 ,0 0 6
POPULATION (Census 1890)...........43,914
T he debt o f the district is limited to 5 per cent on
the assessment.
P rice and particulars on application.
N. W. H A R R IS & C O ., F A R S O N , L E A C H & C O .,
1 5 W a l l S tr e e t, N E W Y O R K .
BOSTON
C H 1C A G O .
C H IC A G O ,
7 3 D e a r b o r n S tre e t.
NEW Y O R K ,
2 W a l l S tr e e t .
THE
420
rvoL. uv,
CHRONICLE.
bought water bonds of this city to the amount of $60,000.
The bonds are 4% per cent refunders, of which $10,000 mature
March 10 1904 and the remaining $50,000 on May 1 1904.
Syracuse, 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 58).—
The new 3 per cent water bonds offered by this city on Jan. lo
1892 have been sold at prices ranaing from 101*15 to 102*01.
The total amount of the issue was $500,000.
W ilm inuton, O h io—The village of Wilmington will issue
$20,000 of 4 per cent electric lieht bonds, and proposals tor
the same will be received until March 7, 1892.
W illoughby, O h io—The Ohio Legislature has passed a bill
authorizing this town to issue water bonds to the amount of
$30,000.
S T A T E AN D C IT Y D E B T CH AN GES.
INTEREST on the bridge bonds Is payable in Brunswick, and on tb
town hall bonds in Boston.
M assachusetts.—Essex
C o u n ty .— (S t a t e
and
Ci t y
Su p
page 25.)—W e give below the debt statement for
Essex County, Mass., which has been corrected to date and
contains much information in addition to that already pub
lished in the S u p p l e m e n t . The new facts and figures have
been furnished this week by E. Kendall Jenkins, County
Treasurer.
plem ent,
County seats are Salem, New buryport and Law rence.
LOANS—
When Due. I Cash in Treasury........
$132,738
C o u n t y N o t e s f o r B r i d g e , |Net debt Jan. 11892..
198,454
Co u r t H o u se a n d J a il .
I Est. value of county
3^88, F&A, $50,000.Aug. 7,1893
prop., court h’se, etc. 1,000,671
3JO & 4s, Var., 150,000.var., 1894 I Tax valuation 1891...222,890,300
3*28, J&J,
60,000.Jan. 28,1896 |Tax valuation 1890.. .219,502,533
3388, F&A,
50,000.Aug. 5,1895 I Population in 1890 w as....299,995
Total debt Jan. 11892.
$331,192 |Population in 1880 was... .244,535
W e subjoin reports as to municipal debts received since the
publication last week of our S t a t e a n d C i t y D e p a r t
New York—T ra xton —(S t a t e a n d C i t y S u p p l e m e n t , page
m en t .
Some of these reports are wholly new and others cover 5 9 ).—W e have received the following statement of Truxton’»
items of information additional to those given in the S u p p l e finances on January 1 1892.
m e n t , and of interest to investors.
This town is in Cortland County.
Colorado—Hinsdale County.— (S t a t e a n d C i t y Su p p l e
LOANS—
When Due. Tax valuation, real, 1890.$380,385
Ta't valuation, personal.. 26,050
N. Y. & CK M id . RR. B o n d s —
m e n t , page 142.) W e have received this week from D. S.
4s, J&J, $112,200... .July 15,1912 Total valuation 1890....... 406,435
Assessment about % actual value.
T o w n B on ds —
Hoffman, County Treasurer, a detailed report of the finances
4s, J&J, $16,000.......July 15, 1892 State, co. and town tax (per
of Hinsdale County. The substance o f the report is as fol ($2,000 due yearly)to July 15,1899
$ 1 ,0 0 0 )..................... :....$ 2 4 9^
Bonded debt Jan. 1 1892.$128,200 Population 1890 was..............1,32*
lows:
Population 1880 was..............1,55*
County seat is Lake City.
Texas—Jones County.—W e have received this week from
LOANS—
When Due. Bonded debt Jan. 1, *92. .$142,500 Theodore Bland, C ou n ty Treasurer, the following financial
Tax valuation 1891........ 542,504
F u n d in g B on ds —
Assessm’t same as actual value.
8s, J&J, $43,000... .Deo. 31,1901
statement for Jones County. No report for this county ap
$4 03
Bubi’t to call after Dec. 31,1891 State tax (per $1,000) —
36 00 peared in our recent S u p p l e m e n t .
5s, F&A, $65.000... .July 27, 1900 County tax (per $1,000)..
9 25
Subj’t to call after July 27,1890 A v e r a g e school t a x ........ .
County seat is Anson.
Population in 1890 w as........ 862
J ud g m ent B o n d s—
8s, F&A, $34,500...Aug. 12,1911 Population in 1880 w as........ 1,487
SUb.i’t to call after Aug. 12,1901
INTEREST is payable at the office of the County Treasurer or at
the office of Kountze Bros., New York.
Maine.— Brunswick.— (St a t e a n d C i t y S u p p l e m e n t , page
12.)_The financial statement for Brunswick as given below
has been corrected to date by Treasurer J. P. Winchell.
This town is in Cumberland County.
Floating debt................... $28,713
Total debt Feb. 1892.......
64,213
4s, M&N, $3,500..........$500 yearly Tax valuation, re a l.........2,497,810
T a x v a lu a tio n , p e r s o n a l. 909,993
T o w n H a l l B o n d s.
4s, J&J, $32,000.......$1,000 yearly Total valuation 1891....... 3,407,803
$15-00
Temporary loan, 4 p. c . .. $28,713 T a x ra te (p er $1,000).......
Bonded debt..................... $35,500 Population 1890.......................6,012
LOANS—
When Due.
B r id g e B o n d s.
C H IC A G O .
Valuation , <6e.
LOANS—
When Due.
Bonded debt Jan. 1892. $51,700
C o u r t H o u se B o n d s —
.........
2,498
8s, Apr. 10, $28,000.Mar. 31,1900 Floating d e b t
54,198
8s, Apr. 10,
500. Jan. 5,1901 Total debt ....................
¡ Ta x valuation 1891_ 2,628,854
_
7s, Apr. 10, 2,200.Sept. 18,1899
Assessment about % actual value.
F u n d in g B on ds —
6s, Apr. 10. $10,000. Aug. 26,1909 State tax (per $1,000)............ $2*95
County tax (per $1,000)........ $6 50
J a i l B on ds —
8s, Apr. 10, $5,000.Mar. 25,1901 Population 1890 w as..............3,797
Population 1880 was............. 546
R o a d a n d B k id g e B o n d s —
8s, Apr. 10, $1,500.Jan. 10,1895
6s, Apr. 10, 4,500.....Nov. 14,1911
OPTION AL.—The bonds issued by this oounty are all subject to ca j
at any time.
INTEREST on the funding'bonds is payable in Galveston; on the
6 per cent bridge bonds in Austin; on all other bonds in New York, St..
Louis and Paducah, Ky.
C H IC A G O .
C H IC A G O .
Title Guarantee & Trust The Jennings Trust Co., The Merchants’ Loan &
1 8 5 D E A R B O R N S T ., C H I C A C O .
Trust Company,
Company
OF
CH ICAGO,
L 9 2 , 9 4 & 9 6 W A S H IN G T O N S T R E E T .
C a p ita l, p a id -u p ................... ......... $ 1 ,6 0 0 ,0 0 0
U n d iv id ed e a rn in g s, in clu d in g
s u r p lu s ................... ................... .
2 2 0 ,0 0 0
D e p o site d w it h S ta te A u d ito r . .
2 0 0 , u00
GUARANTEES TITLES TO REAL ESTATE.
O ffers in v e s t o r s in r e a l e sta te se c u r itie s
p r o te c tio n a ffo r d e d b y n o o th e r system o f
d oin g bu sin ess.
Is authorized by law to act as Registrar of Stocks
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
,
BANK
CAPITAL, PAID UP* - - -
$500,000
S U R P L U S ,................................ $25,000
NEGOTIATES GROUND RENTS In the City of
Chicago. Takes entire charge of estates. Acts as
agent for the registration and transfer of bonds and
stocks and the payment of coupons, interest and
dividends. Authorized by law to recelve and execute
trusts of every character from courts, corporations
and individuals. A legal depository for court and
trust funds.
INTEREST ALLOWED ON DEPOSITS of money,
which may be made at any time and withdrawn after
Sre days’ notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the assets of the
Company.
3 C O R R E S P O N D E N C E S O L I C I T E D .:
OFFICERS:
GWYNN GARNETT, President.
A. H. SELLERS, Vice-President.
ARCHIBALD A. STEWART, Secretary.
CHAS. R. LARRABEE, Treasurer.
Dir e c t o r s :
Gwynn Garnett,
Chas. W. Drew,
W. D. Kerfoot,
John P. Wilson,
George C. Walker,
Edson Keith.
John G. Shortall,
Geo. M. Boune.
John DeKoven,
A. H. Sellers.
Samuel B. Chase,
COUNSEL:
W. C. Goudy,
John P. Wilson,
A. W. Green,
. A. M. Pence,
J. B. B k eese , Member New York Stock Exchange
D. M. Cu m m in gs , Member Chicago Stock Exchange,
£ Breese & Cummings,
B A N K E R S AND B R O K E R S ,
111 A N D 113 n O N R O E S T R E E T ,
CHICAGO
Securities listed in New York, Boston or Chicago
carried on conservative margins. Lake Superior
Iron Mining Stocks dealt in.
DIRECTORS.
AZEL F. HATCH,
CHAS H. HULBURD,
SI. W. KEHWIN,
ANDREW C. LAU8TEN
SAAC N. PERRY,
MAURICE ROSENFELD
L R. WALSH,
SAMUEL D. WARD,.
OTTO YOUNG.
OFFICERS.
I. R. WALSH, President.
ISAAC N. PERRY, Vice-President.
SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON. Cashier.
FRANKLIN HATHEWAY. Secretary
C H IC A G O .
C o r n e r D e a r b o r n an d W a s h in g to n Streets*.
E S T A B L IS H E D
1857.
C a p ita l (p aid in )............................. $ 2 ,0 0 0 ,0 0 0
S u r p lu s a n d u n d iv id e d p i »fits... 1 ,5 0 0 ,0 0
$ 3 ,5 0 0 ,0 0 9
J. W. DOANE, President.
P. YOE. Vice-President*
ORSON SMITH, Second Vice-President.*
F. C. OSBORN, Cashier.
F. N. WILDER, Assistant Cashier.
TRUSTEED
MARSHALL F I E L D S J. W. DO ANE,1
C. H. MCCORMICK,
P. L. YOE
JOHN DE KOVBN,
GEO. M. PULLMAN.
ALBERT KEEP,
A. H. BURLEY,
JOHN TYRRELL,
E. T. WATKINS.
LAMBERT TREE, TUT* ERhKINB M. PHELPS.
ORSON SMITH.
Banking in all its Branches Transacted.
Foreign exchange bought an sold.
Travelers’ Letters o f Credit and Commeroia.
Credits issued, available in principal cities through-,
out the world. Cable transfers made.
J. G. ORCHA Kb, Mgr Foreign Dept.
Herman Schaffner & Co.
BANKERS,
C O M M E R C IA L PAPER,
8 . W . C o r. D e a r b o r n & m a d is o n S ts.*
C H IC A G O , I t iti,
A. O. SLAUGHTER, Member N. Y. Stock Exchange.
WM. V. BAKER, Member Chicago Stock Exchange.
A. O. Slaughter & Co.,
RANKERS,
1 1 1 -1 1 3 L A S A L L E S T R E E T ,
C H IC A G O , IL L S .
C h ica g o S e c u r itie s B o u g h t a n d S old .
B ou g h t a n d S o ld .
Send fo
L is ts .
G E O . A . L E W I S & CO ., B a n k e rs*
2 1 3 2 L A I S A L L E S T R E E T , C H IC A G O .
THE CHRONICLE.
March 6 1892.
C H IC A G O .
PACIFIC* C O A S T .
Illinois Trust & Savings
Bank.
C H IC A G O , I L L .
C A P I T A I . AMD »U R P L .U S , • $ 3 ,2 5 0 ,0 0 0
IN TER E ST ALLOW ED ON DEPOSITS.
This Bank is directly under the jurisdiction and
supervision o f the State o f Illinois, is a LE G A L
DEPOSITORY fo r Court Moneys, and is authorized
to act as TRUSTEE. EXECUTOR. RKCEIVER and
ASSIGNEE fo r ESTATES, IN D IV ID U ALS and
CORPORATIONS.
, * .
OFFICERS:
John J. Mitchell, President.
John B. Drake, Vice*President.
W m . H. Mitchell. Second Vice-President.
W m . H. Reid. Third Vice-President.
James S. Gibbs, Cash’r. B. M. Chattell, A ss’t Cash’r.
DIRECTORS:
John McCaffery,
John B. Drake,
L. Z. Letter,
W m . H. Reid,
W m . H . Mitchell,
John J. Mitchell,
W m . G. Hibbard,
J. C. McMulliu,
D. B. Shipman,
J. Ogden Armour,
Frederick T. Haskell.
Union National Bank,
C H IC A G O .
P a id -u p C a p ita l.
S u r p lu s ,
-
•
$ 2 ,0 0 0 ,0 0 0
7c 0 ,0 0 0
A regular Banking Business Transacted. A ccounts
Of Banks and Bankers, Mercantile and Manufacturing
Firms or Corporations, received on favorable terms.
Foreign Exchange Bought and Sold. Commercial
and Travelers’ Credits, available in all parts o f the
globe, issued. Telegraphic Transfers made with all
principal European and Domestic Points. United
States and other tlrst-class Investment Bonds dealt in.
CORRESPONDENCE SOLICITED.
Commercial Bank,
TACOMA,
P A I D -U P C A P I T A L $ 2 0 0 .0 0 0 .
6 P e r C ent B a n k C ertifica te s Issu e d .
8 P e r C ent G o ld M o r tg a g e s .'
1 0 P e r C ent C ity , C ou n ty, S ta te W a r r a n t s .
CORRESPONDENCE SOLICITED.
G r a t t a n H . W h e e l e r , Pres. A . B r id g m a n , Cash.
Tacoma National Bank,
First National Bank in the City,
T A C O M A , W A S H IN G T O N .
P a id -u p C a p ita l.................... ............ $ 2 0 0 .0 0 0
S u rp lu s.................................................. $ 1 2 5 .0 0 0
__
President,
W . B . Bl a c k w
Cashier,
ell.
Vice-President
H . O , F is h b a c k . E d m u n d R ic e .
G e n e ra l B a n k in g B u sin ess T r a n s a c te d .
S p e cia l A tten tion to C o lle ctio n s .
Merchants’ Nat’l Bank,
P O R T L A N D , OREGON.
Paid C a p ita l.......... ......................$ 1 ,0 0 0 ,0 0 0
J. LOEW ENBERG, Pres. JAS. STEEL, Vioe-Prea.
__L A . MACRUM, Cashier.
SELLS SIGH T EXCHANGE
AND TELE
GRA PH IC TRAN SFERS, and ISSUES LETTERS
o f CREDIT available throughout the United States
D R A W S BILLS OF EXCHANGE on London,
Liverpool, Dublin, Paris, Berlin, F rankfort-on -th e.
Main, and all the principal cities o f E urope; also on
Hong Kong.
COLLECTIONS M ADE on all accessible points.
SAN FRANCISCO.
The First National Bank
a
. Ga y l o
rd
Jsro.
,
UNITED STATES DEPOSITORY.
C A P IT A L ,
SU RPLU S,
H . B l e s s in g .
Gaylord, Blessing & Co.,
S T . L O U IS .
A SPECIALTY.
h it a k e r
.
Ch
a b l is
H
$ 1 ,5 0 0 .0 0 0
$ 0 1 0 ,0 0 0
M IS C E L L A N E O U S .
HIGH GRADE MUNICIPAL BONDS
W
.
.
G E N E R A L B A N K I N G B U S IN E S S .
A C C O U N TS S O L I C IT E D .
W ESTERN SECURITIES AN D
ards
.
.
S. G. M u r p h y , President. E. D. M o r g a n , Cashier
J AMES M o f f it t , V .-Pres. G. W . K l in k , A sst. Cash
B A N K E R S AND B R O K E R S,
Ed w
.
.
Union Loan & Trust Co-j
SIOUX C IT Y , IOWA.
odgman
INCORPORATED 1885.
Whitaker & Hodgman,
C A P I T A L , P a id Up in C a sh _ $ 1 ,0 0 0 ,0 0 0
_
S U R P L U S .........|...... .................. .
1 7 5 ,0 0 0
B O N D AM D S T O C K B R O K E R S ,
DEALERS IN HIGH-GRADE COM
MERCIAL PAPER,
3 0 0 Nortlk F o u r t h S tree t,
S T . L O U IS .
O H IO .
W . J. Hayes & Sons,
BANKERS,
Dealers in MUNICIPAL BONDS.
Street Railway Bonds and other high grade In
vestments.
1 4 3 S U P E R I O R S T ., C L E V E L A N D .
1 0 W A L L S T ., N E W Y O R K .
7 E XC H AN G E P LA C E , BOSTON.
Cable Address, “ KENNETH.”
Lamprecht Bros. & Co.,
BANKERS,
MUNICIPAL
BONDS.
C le v e la n d , O h io , P e r r y -P a y n e B ’ l d ’ g
B o s t o n , M a s s ., 5 3 S tate S tree t.
A su p p ly o f w h ic h It a lw a i s h a s on h a n d fo r
s a le at C u rren t R a te s .
M U N I C I P A L , C O R P O R A T IO N A N D
SC H O O L BONDS.
No S tr o n g e r L o a n and T ru st C om p an y In
th e W e s t. C orresp on d en ce S o licite d .
G E O . L . J O Y . P re s .
A . » , G A R R E T S O N , V ic e -P re s .
E . R . S M I T H , S ec’ y.
P ro m p t A tte n tio n G iv en to C o lle ctio n s ,
Lombard Investment Co.
C a p it a l, F u l l y P a id , $ 4 ,0 0 0 ,0 0 0 .
C o/
7 %
3
j 1st Mortgage Gold Bonds.
J Gold Debenture Bonds.
1st Mortgage Gold Bonds.
&nd | 0 %
National Bank Stocks.
Call or write fo r information.
150 B R O A D W A Y , NEW Y O R K .
205 Sears Building'
Bullitt Building,
BOSTON.
P H IL A D E P P H IA .
¡N e w Y o r k , 11 W a l l S tree t.
W . T . IR W IN .
F R A N K ELLIS.
F. H . BALLM ANN
Irwin, Ellis & Ballmann,
SUCCESSORS TO
Morehead, Irwin & Co.,
Stock, Bond and Note Brokers,
N O.
51
W EST
T H IR D
STREET,
C IN C IN N A T I, O H IO .
C. W. Branch & Co.,
BAN KERS AN D BROKERS.
St a t e Ba n k B u il d in g ,
R IC H M O N D ,
Y A.
flP rivate wires connecting with W ashington, Bai
m ore, Philadelphia, New York, Boston and Chica;
New York Correspondents: Messrs. Moore
Schley and Prince A W hitely.
S O U TH ER N .
FISHER
W ASHINGTON.
O F SAN F R A N C IS C O , C A L .
S T . L O U IS .
Sa m ’l
ix
G. R. Voss,
Commercial Paper,
Bonds, Stocks and Investm ent Securities
608 FIR ST N ATIO N A L B A N K BUILDING,
Omaha, Nebraska.
Seattle, Washington.
1 0 P e r C ent C ity an d C oun ty W a r r a n ts ,
9 P e r Cent F irs t M o rtg a g e L o a n s .
8 P e r C ent S c h o o l B on d s.
CORRESPONDENCE SOBMKTED.
The L. H. Griffith Realty A
Banking Company.
&
SH AW ,
B a ltim o r e , M a ry la n d ,
DEALERS IN
M U N IC IP A L
BONDS
AND IN THE
Issues o f Corporations Possessing
Strong M unicipal Franchises.
CASH
ORDERS
EXECUTED
ON
THE
B A L T IM O R E ST O C K E X C H A NGE.
Investments in the South.
Exchange Banking &
Trust Company,
CHARLESTON S. C.,
T r a n s a c t s a G e n e r a l B a n k in g an d T r u s t
B u sin ess. S a v in g s D e p a r tm e n t. In te r e st
A llo w e d on D ep osits.
Investments made (a\ usual rates o f commission)
n safe and reliable interest-paying Southern secur
ities, and 1st mortgage loans on Improved city and
town real estate. Correspondence solicted as to all
8outhern nvestments. Being within easy reach
o f all parts o f the South thorough and careful inves
tigation can be made o f intended Investments o f
purchases.
O F F IC E R S .
GEO. B. EDW ARDS, President.
P. N. PICKENS. Cashier.
H. C. W H ILDEN, Secretary and Treasurer.
J. LAM B PE RR Y, Solicitor.
SMVTHE A LEE, General Counsel.
D IR E C T O R S .
A. S. J. P k r r y , o f Johnston, Crews A Co., wholesale
dry goods.
W il l ia m m . B i r d , o f W m . M. Bird & Co., wholesale
paints and oils.
J a m e s A l l a n , o f James Allan A Co., jewelers.
J. H. F. K o e n ig , with Knoop, Frerichs & Co., cotton
exporters.
Geo . B. E d w a r d s , Pres. Electric Light & Power Co
The Security Mortgage &.
Trust Company
OF DALLAS, T E X A S .
C a p ita l P a id In.......................
$ 5 0 0 .0 0 0 0 0
A sse ts D e c . 3 1 ,1 8 9 1 , o v e r $ 2 ,0 9 9 ,9 1 1 0 8
OFFICERS.
J. T . T R E Z E V A N T , President.
J. T . D A R G A N , 1st V ice-President.
J. C. O’ CONNOR, 2d V ice-President.
G U T SUM PTER, 3d V ice-President.
W . W . RODGERS, Secretary.
E. M. REARDON , Treasurer.
B AR R O W . W A D E , G U TH R IE A CO., o f New York.
A uditors.
DIRECTORS.
J. C. O’Co n n o r , President City National Bank.
J. T . T r e z e v a n t , A ssociate Manager S. W . D ep’t
F ire A ssociation o f Philadelphia.
J. T. D a RGAN, V ice-President.
SAM P. Co c h r a n , Associate Manager S. W . Dep’ t
Am erican Fire Ins. Co. o f Philadelphia.
T . L. M a r s a l i s , President Dallas Land & Loan Co.
GUY Su m p t e r , Capitalist, (Late A sst-T reasurer
Texas A Pacific Railway Company.),
A l e x . Sa n g e r , o f Sanger Bros., W holesale and
Retail Dry Goods.
T. S. M il l e d , o f Leake, Shepard A Miller, A tto r
neys at Law.
D. E. G r e e r , A ttorney.
Advisory Committee o f Stockholders»
Philadelphia.
I. J. W IST A R , Chairman.
George W . Blabon,
George F. Tyler,
J. N. H utchinson,
George De B. Keim,
George M. Troutm an,
John J. Zeigier.
Six p ercen t 5-year Gold Mortgages on Texas city
and cou ntry properties.
A lso 6 per cent 10-year Gold Debentures based on
such mortgages, interest and principal payaDie
either in New York, Baltimore, Philadelphia or
London.
Collect claims o f all kinds anywhere in Texas or
the Southwest.
Make sales, pay taxes, collect rents, and deal in
select Municipal and Corporation Bonds.
A ct as Trustee, E xecutor, Adm inistrator, Guar
dian, R eceiver and Financial A gent fo r Estates,
Cities, Railroads, etc.
Wm. Fisher & Sons,
BAN KERS AN D BROKERS,
2 3 S o n ili Street»
B A L T IMO Hü,
JID,,
THE CHRONICLE.
X
ft tn au cial.
Cotton.
C&crttou.
W OODW ARD
& S T IL L M A N ,
[V ol . U T .
W alter T. Hatch,
H enni P rescott H atch,
A rthu r M elvin H atch'
Members o f N. Y. Stock and Produoe Exchangee,
IN M A N , SW A N N & Co
W. T . Hatch & Sons,
COTTON MERCHANTS
Dealers In Investment stocks and bonds.
Personal attention given at the N. Y. Stock Ex
change for the purchase and sale on commission or
stocks and bonds for cash or on margin.
Interest allowed on deposits, subje«3t to draft a t
sight.
MERCHANTS
16 T O 22 WILLIAM S T R E E T ,
NEW
14 Nassau Street, New York.
TORR.
N ew Y o r k .
COTTON O P *T T- GRADES SUITABLE TO
WANTS OF AM ERICAN SPINNERS.
L i h m i n , stern a Co..
New Orleans, La.
L ehman . Dü r r a Co.
Montgomery, Aim:
LEHMAN
BROS.,
C O M M ISSIO N M E R C H A N T S ,
No. 40 Exchange Place,
Henry Hentz & Co.,
COMMISSION
F E E A N D PRODUCE E XCH AN G ES,
Nk w Y o r k .
Orden executed on the shore Exchanges as well
M in New Orleans. Chicago and foreign markets.
MASS.
O R A IN
AND
P R O V IS IO N S
at the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.
CORBK8PONDKNT8:
Messrs. Smith. Edwards & Co., Cotton Brokers,
Liverpool,
Jas. Lea McLean A Co., New Orleans.
& C O .,
HIGH GRADE IN VESTM EN TS
Members o f New York and Boston Stock Kxohanges
General Commission Merchants.
MERCHANTS
4 8 B R O W N ’ S B U IL D IN G S .
L IV E R P O O L .
Special attention given to correspondence with In
terior Cotton Merchants and Buyers for the pur
chase and sale o f Cotton both on spot and for future
delivery.
Crenshaw & Wisner,
I S Sc 1 8 E x c h a n g e
BOSTON,
C O F F E E
at the NEW YORK COFFEE BXCHANGB, and
Hubbard, Price & Co.,
STR AU SS
COTTON
BANKERS AND BROKER8*
at the NEW YORK, LIVERPOOL AND NEW OBLEANS GOTTpN EXCHANGES. Also orders for
STRAUSS A CO..
Manchester, and at prlncipal Cotton Centres
on the Continent.
STRAU8S A CO..
Savannah and
New Orleans.
F, H, Prince & Co.,
C O T T O N
NEW Y O R K .
M EMBERS OF TH E STOCK, COTTON, COF
MERCHANTS,
1 6 t o 3 1 W i l l i a m S t r e e t , N o w Y o rk .«
EXECUTE ORDERS FOR FUTURE DELIVERY
P la c e , N ew Y o r k .
C O M M ISSIO N M E R C H A N T S .
COTTON EXCHANGE BUILDING,
NEW
YORK.
Members New York Cotton Exchange, New York
Produce K> change. New York Coffee Exchange,
Chicago Board o f Trade.
Orders executed on any o f the above Exchanges,
also for purchase and sale o f cotton fo r future oe livery in New Orleans and Liverpool. Liberal ad
vances made on cotton cousis nments.
P R I C K , R H J D A t O .,
N o n . Ik , V a .
P R I C E , R > I D «Sc A<»A 8 . L im it e d .
C h a r e s io n , 8 . C .
E xecute orders fo r cotton for foreign and domestio
shipment.
3. O. Blobs.
Gko. H. Chubch , Spedai
J. O. BLOSS & C O .,
COTTON
33
The Short Electric Rail
way Company.
Cearless, Single Reduction
AND
M ERCHANTS,
W illia m Street,
NEW Y O R K .
Double Reduction Motors.
Members o f the Cotton. Coffee and Produce Exoh’s.
AGENCY OF
THE H AXALL CRENSHAW CO.,
RICHMOND, VA.
Standard Brands o f Flour for Shipment to Warm
Climates always on hand.
SULPHUR MINES COMPANY
OF VIRGINIA.
High-Grade Pyrites, free from Arsenic.
Hopkins, Dwight & Co.,
W. D. Rountree & Co.,
COMMISSION MERCHANTS,
C O T T O N E X C H A N G E B U IL D IN G , N E W
Y O R K , and N O R F O L K , V A .
COTTON, COFFEE. GRAIN. PROVISIONS AND
STOCKS.
Orders executed in New York, Chicago A Liverpool
SLOW SPEED, MULTIPOLAB RAIL«
WAY DYNAMOS.
LINE APPLIANCES FOR COMPLETE
OVERHEAD CONSTRUCTION.
Geo. H . McF adden & Bro.
COTTON
MERCHANTS,
CLEVELAND,
OHIO.
P H IL & D E L P H IL
COTTON. COTTONSEED O IL
AN D
LTTK BPO O L OORKBSPOITD X X T S,
SOU TH ERN PRODUCE
COMMISSION
Lucius Hopkins Smith.
Samuel Hopkins.
Bliss, Fabyan & Co.,
N E W Y O R K , BOSTON, P H IL A D E L P H IA
Se l l in g A g e n t s
for
L e a d in g B r a n d s
SH OW N
an d B L E A C H E D S H I R T I N G
a n d S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, AO.
Vow els, Q uitta, W h ite G o o d s an d H o s ie r y
D rillt, S heetinge, the., fo r E xport Trade.
Geo. Copeland & Co.,
COTTON BROKERS,
IS 4 P E A R L S T R E E T , N E W Y O R K .
zf h u a i
a
ro.
Way land Trask & Co.,
B A N K E R S AND B R O K E R S ,
MERCHANTS,
Reoai Sift, C otton E x ch a n g e Building.
NEW YORK
Gustavus C. Hopkins.
Charles D. Miller.
pu nn vR ir
Fifth Avenue Hotel,
H a d Ison S qu are, N S W Y O L K *
The largest, best-appointed and most liberally
managed hotel in the city, with the most central
and delightful location.
HITCHCOCK, DARLING A CO.
Ma s s a s o i t H o u s e ,
18 W a l l S tre e t, N e w Y o r k .
Transact a general banking business. Including
the purchase and sale on commission o f seouritie
dealt In at the New York Stock Exchange.
W
a t land
Trask,
A lfred
T h eo dore Ba l d
w in
,
N. R a n k i n .
American Exchange Bank,
S T . L O U IS , M O .
S P R IN G F IE L D , HANS.
THE BEST-APPOINTED HOUSE IN WESTERN
NEW ENGLAND.
Convenient for the tourist or business man. Near
Union Depot.
- ____________________ W . H . C H A P « .
_
C a p ita l, - 8 5 0 0 ,0 0 0 I S u rp lu s, - 0 3 0 0 ,0 0 0
PETER NICHOLSON, President.
ALVAH MANSUR, Vice-President.
W ALKS K h i l l . Cashier
W e send items DIRECT to every banking point In
this State .________________________________ _ _ _ _
Cahoone & Wescott,
E. D. Shepard & Co.,
Members New York Stock Exchange,
(SUCCESSORS TO
18
W ALL
STREET.
A U G . T . POST, Banker,
Government and Investment Bonds. D R E X E L B U IL D IN G , B R O A D S T „ N. Y !
Stocks and Bonds Bought and Sold on Commission,
State, County and City Bond*.
@FedFRASER