Full text of Commercial and Financial Chronicle : March 9, 1895, Vol. 60, No. 1550

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REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
[Entered according to Aot of Congress, In the year 1895, by the William B. D ana Company , in the office of the Librarian of Congress.]

VOL. 60.

SATURDAY, MAKCH 9, 1895.

NO. 1550.

The week’s total for all cities shows a gain of 8*7 per cent
over 1894. The decline from 1893 is 28 5 per cent and the fall­
PINE STREET, N. W. CORNER OF PEARL STREET N. Y.
ing off compared with 1892 is 23 8 per cent. Outside of New
York the aggregate for the current year exhibits a gain, as
CLEARING HOUSE RETURNS.
I compared with 1894, o f 2-4 per cent, but contrasted with
For the month of February and the two months the exhibit 1893 there is a loss of 21*0 per cent. The falling off from the
is as follows :
1892 figures reaches 12 3 per cent.

3^ Ire

© Itr o m c le .

February.
1895.

I

Two Months.

1894.

P.Ct

Cincinnati......
M ilw aukee....
C levelan d......
Colum bus.......
Indianapolis...
Grand Rapids.
L e x in g to n . . . .
Saginaw..........
Springfield....
R o ck ford .......
K alam azoo....
Tot.M . West.
San Francisco.

8
465,002,461
63,986,69f
ll.322.98i
12,9.9,72
3 «58,93c
1,354,551
1,448,68
753,161
713,214
751,795
288.801
562,246,005

—9'.—10-8
+30-7
+11-7
+27-2
+15-7
+8-8
+21-2
+12-0

l ’o iô’êàs
...........
280,500
923,483,907

81,729,830
5,327,900
2,362.217
1,352,780
1,308,908
1,196.209
1,139,683
658.351
666,163
342,471
96,084,519

84,959,230
3,7-9,90(
2,016,492
1.189,068
1,287,245
1,118,998
1,216,667
737,081
509,576
412,050
97,186,327

-3 -8
+40-0
+17-2
4-18-7
+ 1-6
+7-0
—6-3
—10-7
+30-8
-17-0
—p i

105.930,740
6,529,000
2,712,898
1,498,250
1,4 6,800
1 201,686
1,324,616
1,020,396
045.980
467,334
122,893.180

Chicago............... .
Cincinnati...............
Milwaukee..............
D etroit....................
Cleveland................
C olum bus...............
Peoria......................
Indianapolis..........
Grand Rapids........
L exin gton...............
Saginaw.................
Bay City..................
A kron ......................
Springfield, Ohio...
Canton.....................
R ock ford .................
Kalamazoo............
Tot. Mid. W est’n.

88,210,213
12,698,550
4,682,049
6,980,254
4,568,956
3,278,600
2,675,091
1,053,032
845,940
407,568
316,357
298,953
151,422
170,497
146,719
190,261
174,737
127,152,219

84,449,273
11,967.20«
4,533.851
5,138.881
4,121,807
3,231,700
1,787,200
999,779
696,191
423,858
284,932
232,860
164,943
151,066
140,622
*147,595
230.581
118,701,617

+4-5
4-6-1
+3-:
+35-9
+18-1
+1-4
4 49-7
+ 5 '4
+21-5
-3 -7
+11-0
4-28-4
—8-2
+12-6
+4-3
+29-C
-24-2
+7-1

107.273,243
16.468,700
9,855,983
7,829,551
6.771,286
3,201,300
2,033,500
1,140,591
942.406
541,731
300,863
248.925
245,702
236,750
150,0001

96,615,488
14,019,100
0.712,362
0.879,888
5,592 277
2,941,100
2,143,381
1,811,913
865,438
538,564
412,081

157,299,500

138,030,497

San Francisco........
P ortland..................
Salt Lake C ity........
Seattle.....................
Tacom a...................
Los A ngeles...........
H elena.....................
Spokane..................
Sioux Falls.............
Fargo.......................
Total P acific......

14,233,602
935,860
1,103,494
451,433
580,927
1,138,098
665,388
309,095
52,167
96,334
19,426,398

14,097,138
847.343
1,119,778
600,000
524,809
1,076,738
600,000
267,094
120,545
96,942
19,250,387

+1-0
+10-4
—1-4
-9 -7
+10-7
+5-8
+10-9
+ 38-2
-56-7
-0 -6
+ 0-9

17,716,2311
2,075,000
1,489.860
1,116 734
1,040,131
1,020,261
713,902
1,132,974
179,100

18,552,885
2,427,477
1,677,187
1,097,826
856,309
811,321

26,484.183

25,572,698

Kansas Citv...........
M inneapolis............
Omaha.....................
St. P aul..................
D en ver....................
D uluth....................
St. Joseph..............
Sioux C ity..............
Des M oines.............
L in coln ....................
W ichita...................
Topeka....................
F rem ont..................
Tot. other W est.

10.15fi.672
5,005,376
3,691,992
4,427,250
2,608.744
1,600,000
1,459,025
521,495
85P,088
419,958
479,571
604,744
70,867
31,997,738

8.472.957
4,632,322
5,625,248
2,969,141
2.700.575
1,832,016
1,611,357
672,652
924,782
456.088
516,935
515,ôUé
116,360
30,947,527

+19-8
+8-1
—34-4
+49-1
-3 -4
—12-7
—3-5
-22-6
—7-0
-8 -3
—7-2
+17-3
-39-1
+3-1

10,808,084
7,362.526
7,910,387
4,838.919
5,123,252
2,182.230
2,315,856
1,253,346
1,132,393
755,797
609.184
499,744
113,247
42,995,465

9,667,076
7,653,844
5,339,061
4,669,022
5,099,114
1,800,000
2,004,352
1,119,015
925,268
794,366
593,310
474,601

St. L ouis..................
199,852,615
+6-1
89,9 5,773 -10-4 New Orleans...........
80,651,750
L
54,156.804 +0-0 Gouisville................
54,503,259
alveston...............
•20,960,830 +10 2
23,080,467
20,665,580 +10-5 Richm ond...............
22,841,713
19,385,811 + 91 Savannah................
21,090.283
16,584,456 +20-3 Memphis.................
19,950,818
15,518,189
+5 0
7,810.640 + 5 7 Nashville.................
8,252,310
10,230,982 - 3 0 Atlanta....................
9,921.128
10,233,702 +9-0 Dallas.......................
11,150,045
N
8,174,416 - 5 8 Worfolk....................
7,703,340
aco........................
+38-3
8,881,040
4 53-0 Fort W orth.............
6,583,036 •Hd7'3 Birmingham...........
+12"3[
8,382.928
2,575,110 4-4*3 Jacksonville...........
-2 -7
2,885,020
3,717,550 -2*1
—9-9
3,641,013
Chattanooga...........
1,781,530 + 8 5 Little Rock*...........
-2 1
1.844 852
481,662,732 + 3 8
-2 3
499,959,814
Total Southern..
4-6-3 7,318,589.113 7.271.026,588 + 7 ‘5
Total a l l . ...........
+1-1 3,5»9,4/5,i71 3,381,422,742 +5 3
Outside N. York.
+6-5
86.169,787
78.274.731 flO 'l
48,455,351
4-6-7
46.472.573 +4-3 M ontreal.................
-t-3-4
8.912,856 +2-S T oron to................
9.110.540
-13-1
6,788,431
7,512.881 -9 -6 H alifax............
—7-9
5.189.008
5,759 375 - 9 9 W innipeg....
+4-8
I55.719.7iv
46.9*2 o +6-0 H amilton.................
-------------------- —
Total Canada......

23,240,459
8.321,875
6.337.953
2.800.000
2.200,000
2.238.353
2,021,989
1,991,319
907,463
1,060 068
1,366,705
887,000
1,000,000
650,000
373.789
339,999
219.099
307,240
55,436,671

21,267,623
10,120,995
7,437,097
1,821,857
2,500,090
2.204.031
1,936,326
1,501,912
785,695
l,0l4,20i
1,063,701
1,019,650
541,694
555,473
316,300
443,863
204,655

+9-1
-1 7-8
—14-8
+26-2
-12-0
+1-5
+4-4
+32-6
+15-5
+4-6
+285
—15-0
+84-6
+17-0
+18-2
—23-4
+7-1

25,079,632
12,045,284
9,391,405
3,032,091
3,223,Ö95
2,416,271
1,872,750
*2,268,267
2.260,902
1,245,373
955.000
890,995
7 >2,104
<
636,053
558,262
514,335
518,101

23,155,400
7,805,758
7.792.080
2,400,000
1.974.080
2.549,943
1,604,408
4,382,528
2,200,582
1,532,320
905,948
»33,818
670,196
795,000
607,569

54,766,006

+1-2

07,610,696

59,693,468

311,047.35«
47,056,750
19,175.703
22,4 56,411
17,c97,113
1L504.700
9,659.380
3,887,376
3,083,908
1,497,477
1,121,231
1,177,862
747,515
684,752
594.962
709,007
804,482
452,466,023

226.446,647
47,912.600
16.lo8.500
19,763,534
15,894,767
11,63 .‘,200
5,557,580
4,024,468
2,7)8,680
1,316,612
1,024,445
903,101
616,613
627,800
479,900
714,617
900,000
420,639,924

Total Pacific
Kansas City...
Minneapolis...

34,536,836
16,918,255

St. Paul...........

15,330272
10,049,641
*6,4 «0,000
5,185,337
1,911,680
3,539,296
1.307.139
2,144,1.3
1,849,618
2d5,5t)9
227,700
113.433,090

Los A ngeles..
Sioux F a lls....

Duluth............
St. Joseph ...
Sioux City ...
Des Moines. .
L incoln ..........
F rem ont.........
H astings........
T ot. otn ’r W.
New Orleans..
L ouisville.......
G alveston......
H o u s to n ........
Richm ond .. . .
S avannah.....
N ash v ille.......
A tlanta ........
D allas............
F ort W orth ...
B irm ingham ..
Jacksonville..
Chattanooga..
T otal South.
T otal all......
Outside N. Y.
M ontreal........
T o r o n to .........
H a lifa x ..........
W innipeg.......
Hamilton.......
T ot. Canada.
- uiaumatea.

W

$
$
+8*1 4,259,113,64» 3,889,003.84c +9-E
+16-1
457,002.041 +150 New York..............
525,583,624
Philadelphia.........
-7 -f
108.451.981
ll».007,7Si
+3-4
103,071.29i
101.102,98
Baltimore..............
+3'£
SO.910.40C S i
31.896,33'
-t -m
12,9l0,C2i +14-3 Buffalo...................
14.769.10E
-t-14'i
18,Û96.82C
11,670,2D +12""2 W ashington..........
4-13-1
7,060,5 it +9-5
7,731,401
-12-5
6,191,6wi —6-4 Syracuse................
5,793,4 0C
+7-1
5,507,688 +10 2 W ilm ington...........
6,136,96
—5-fl
2,753,30( -5-4 S cra n to n ..............
2.605.60C
Bingham ton.........
■+83 5,079,794,42C 4,633,297,292 + 9 6
Total M id d le ....
48-2
682.907.79Ì + 3 4
+17-5
38,086,200 15-2 B oston...................
43.883.70C
fl3-3
17,015,406 + U 2 Providence............
19,588.67C
—2-5
11,857,340 -1-0-5 H artford.........-....
11,918.282
—o-s
ll,O05,73r +5*4 New H aven.............
11,604,343
46-4
9,304,496 +106 Springfield..............
10,292,310
+15-8
9,620,913 +2-9 W orcester...............
9,902,250
—4-9
6.531,22c —11 Portland..................
6,400,171
—1-9
5.160,875 —6'9 Fall R iver..............
4,805,721
—29-1
3,944.400 —21*2 L o w e ll.....................
3,069,160
New B edford..........
+38
796,034,881 +3 9
827,330,426
Total New E n g ...
-1-8
+ 19 0
+13-6
+88
-r i
472-0
-3 3
‘ 13-4
+13-8
4-9-5
30‘S

107,069,550
39,269,064
48.470,793
41,612,566
25,841,300
18,473,375
9,189,888
7,125,793
2,987.635
2,478,055

1,860,940
1,541,075
1,343,746
'+7-7
1,665,524
-10-6
1,927,031
+6-1 1,009,801,704
+9*1

40-9
+11-1
-t-2‘5

104*l43a00 4-2 £
36,797,849 +Ö*7
36,881,001 +12 8
25,716,5*)0 +U-5
12,788,180 +444
10,230,109 —10-2
6,6c 5,534 -»6-6
2,975,975 +0-4
2,200,3.5 +11-1
2,0 >8.865 +21-6
1,351.506 +37-7
1,515,697 +1-7
1,083.580 +24 0
1,462,9 j7 '+13-9
2,051,210 -6 -0
955,655,325 +5-7
101,314.148 - 1 1
7,390,625 +17-3
9,974,81» + 0 7
4,616,422
5,229,256
7,444.916' + 23 2

+0-5

100,153,567
8.669,749
10,049,830
3,70 4,.163
4,373,021
9,171,930
5,327.061
2,811,614
521,548
1,124.537
145,907,020

2,409,500 ! 16*7
1,000,308 —52a
1,082,340
145,931,674 - 0 02

33,772,721 +2-3
18,462,185
7-9
—24-5
11,751.492 -j-30'ò
10,346,25s - 2 9
7,181,3ri0 —9-8
5,5/9,172 —7-1
2,346,0o5 -17-3
3,140,636 +12-5
1,»i51,278 -20-9
2,423,3à8 —11-5
—10-3
328,002' - 1 9 2
?59,918, —36 7
117,398,641 - 3 4

78,004,927
40,775,922
31,523,543
31,643,325
22.09*',650
13 980.0v0
11.708,265
4,552,510
8,378,543
3,498,574
4,533,111
4,044,119
571.331
492.909
250.795,729

74,995,182 +4-1
41,256.055 -1 -8
38,713,603
25,544,463 +23-9
21,993,461 +0-4
14,896,305 —6-1
13,933.471 —160
5,495.709 -17-2
7,508,409 +11-3
4,155.008 —15"8
—3-7
3,933,842 + 2 8
649,663 - 1 2 1
656.472 —24 9
253,459,150 —1 0

4,302,649
3,814,887
2,688,383
1,072,082
559,857
437.i‘50
08,624,±jo

30,142,157
30,767,029
24,381,480
26,076,934
«.9-12,417
8,664,i 88
7,639,509
9,535,580
8,575,378
8,47* ,447
8,031,077
6,690,092
7,340,820
3,536.755
3,530, ö84
4,239.218
4,507,300
5,447,016
4,831,419
3,279,480
3,547,527
3,385.043
2,448,224
3,4o0,162
3,0o5,913
1,175,095
1,208,42a
1,569,670
1,742,018
851,5 8
873,133
206,038.-26 210,794,440
3,411,! 46,4 53 1,220,442,334
1,546,705,220 1,486,402,544
37,793.424
35,478.026
20,491.810
19,204,967
4,118,619
3,981,482
2,731.1 28
3,132,537
2.4611*»«!
2.671,799
67,588,3831 64,163,811

f l ö '6
-11-3
+30-7
—
50"5

+0-5
-18-0
—6 5
+3-2
-19-9
+ 1-1
4-29-0
4-26-5
-o -o i
—5-9
+ 12-8

I fw table of clea rin gs by telegraph see Page 4 1 6 .




Clearings at—

$
531,685,217
64,231,81?
12,513,77t
11,747,831
3,266.558
1,770,340
1,617,765
958.984
825,084
817.034
360,000
629,794,40:

290,115,70]
15,75/,00C
7,042,475
6,208,367
4,927,536
4,176,5«2
3,879,427
2,865,039
2,180,912
1,828,703
338,181,772

47,505,003

Week ending March 3.
P.01

1894.

290.341.3018,513.600
7,981,213
5,070,064
4,890,961
4,443,033
4,490,902
2,724,o79
2,334,628
1,295,958
351,092,345

47,926,156
3,798.111
4,408,900
1,785,367
2,140,532
4,4.9, 85
2.383,498
3,401,711
232,530
431,718
68,957,808

Salt Lake City

1894.

1895.

$
I
Now Y o r k .... 1,804.411.22 1,724,039.79
Philadelphia.
229 861.89 )» 199,821,19
B a ltim ore....
48.252.84i
46.833,74
P ittsburg......
46,032,44
43,565,47(
Buffalo..........
14,249,2^1
13,793,41
W ashington.
6.549, -m
6,901,51»
R o ch e s te r.. .
6,027,361
5.250,17£
3,441,671
Syracuse........
3,044,i04
W ilm in g ton .
2,'i09,52t
2,980,871
S cra n ton . . . .
2,561,00<
2,391 26E
l,12f«,30£
Bingham ton.
1,196,100
Total Middle 2,219,158,801 2,048,817,57c
B oston...........
P roviden ce...
H a rtford.......
New H aven..
Springfield...
W orcester....
P ortland........
FMI R iver......
L o w e ll............
New B edford.
T otal N. Eng

1895,

1

1895.
P . Cent
+14-3
+0-4

959,791,946

883.097,956

428,106,729

418,095,487
9,093,575
4,906,582
950,616
720,907
713,548
10,385,318

—3-0
- 2-1
+8-4
—8-5
-18-7
—3-oj

$
800,316.610
80.466,247
15,754,115
15,521,042
5,344,107
2,051,632

1892.
770,624,20c
78*34i,388
W,168408
15,301^819
3,441,797
1,971,578
^ «^ O l
938,606
788,388
253,100
887,617,035
94,516,965
5.177,600
2,503 448
1.191,857
1,222,548
1.157.395
1.156,684
755.806
420,858
108.108,890

198,965
*........ *

Ì50/ÒOÓ

40,200,214

390,848

—2*4;
j—

8,818,378
4,803,549
1,030,205
659,398
590,188
15,891,716
* N ot included in totals.

1893.

+8-7 1,342,706.931 1,259,112.722
542,450,321 488,48», 518
11.748.795
6.928,837
1,207,690

9,872,281
6,821,810
1,004,054

8?6,020
19,707,3423

768,804
18,467,849

406

THE CHHON1CLE.

C o m m e r c ia l & p iN a n c ia l Q h r o n ic l e I

[VO L, L X .

TH E F IN A N C IA L SIT U A TIO N .

Congress having adjourned and further crude and
consequently disturbing financial legislation and agita­
W ILLIA M B. D AN A COMPANY,
tion being no longer possible, the chief obstacle to
PINE STREET, CORNER PEARL STREET, N E W YORK. business development has been removed. It has so
happened that at the same time our people have begun
to discover and are about to experience somewhat of
T H E CHRONICLE is a weekly newspaper of
the change the new bond sale has effected in our
48 to 64 pages, published for the earliest mail every
financial condition. They are though only half sensible
Saturday morning with latest news by telegraph and
of it as yet, but as soon as they fully realize that onr
cable from its own correspondents relating to the
currency has been put on a basis which permits
various matters within its scope.
enterprise again, we look to see capital more venture­
some. We have referred in a subsequent article to a
SO M E F A C T S W O R T H K N O W IN G .
feature of the present situation which is so important that
1. The C h r o n ic l e has the largest circulation among In­ it is worth referring to again here. It is the feature
vestors of any Financial and Commercial Journal in the which distinguishes operations under the Morgan-BelUnited States.
mont contract from the results of the previous bond
2. It has the largest list of subscribers of any similar
sale and shows how in a quiet, unheralded way the
Journal among (1) Banks and other Financial Institutions ;
(2) Railroad Officials, Managers and Agents; (3) Bankers, syndicate is correcting the embarrassment so recently
Brokers and the larger Merchants; and (4) Investors and felt and giving stability to our currency in place of the
instability which the previous sale of bonds by the
moneyed classes generally.
3. It has much the largest circulation among Investors in Government did so much to produce.
Europe of any American Journal.
With reference to the effect of .the bond sale
4. It has likewise a substantial and representative list of made the last of November we are all familiar,
subscribers in every important Financial or Commercial cen­ j Perhaps the operation might have proved more effica­
tre not only of Europe but of the World.
cious had Congress not been in session. As it happened,
the outcome only disclosed the weakness of the method
A unique feature of the Ch r on icle is its
used in seeking to restore confidence, stop gold exports
F O U R SUPPLEM ENTS.
and replenish the Treasury reserve out of the only visi­
ble stock the commerce of the country looked to and
1. The INVESTORS’ SUPPLEMENT, 170 pages, issued
quarterly, containing the latest available information re­ had available for all purposes. The gold went into and
specting the property, stocks, bonds, earnings, dividends, out of the Government vaults like water poured into
interest payments, & c,, of every Steam Railroad of import­ a sieve. Part of the amount shortly after the operation
ance and of the leading Industrial Corporations, «fee., in the was completed still remained visible, but that part had re­
United States.
turned to the banks; of the rest not much more than half of
2. The STATE AND CITY SUPPLEMENT, of 180 pages,
it had been exported, the remainder having been hoarded
issued in April every year, containing among other things
over 2,000 detailed reports of the indebtedness and general at home. The result of it all was that the Government
financial condition of States, Counties and Cities; also had sold its bonds, but after a very brief period it was
digests of laws relating to investments by Savings Banks, «fee. left with less gold than before the sale, while the visi­
3. The STREET R A IL W A Y SUPPLEMENT, of about 100 ble supply had decreased too. Such was the working
pages, issued quarterly, containing a complete description of of the faulty method that the great body of critics would
Street Railways in the different cities of the country, their
have tried again.
stock, dividends, bonded indebtedness, earnings, «fee., «fee.
What is the course and direction of the gold supply
4. The QUOTATION SUPPLEMENT, a monthly publica­
under the existing syndicate's operations? Just the re­
tion now in preparation and to appear shortly, giving the
most complete and comprehensive tables of Quotations ever verse of that described above. So far as the gold hasissued, embracing prices of Railroad Bonds and Stocks, Bank come out of the CleariDg-House banks it has shown no
Stocks, Municipal Securities, Street Railway Stocks and tendency to return. The visible supply instead of being
Bonds and Miscellaneous Securities.
exported and hoarded at home has increased materially
— and what is most significant is that the amount in
A F U R T H E R N O V E L F E A T U R E is that the sight has increased considerably more than the arrival»
publishers of the C h r o n icle make no charge for any from Europe aggregate. The date of the smallest net
of these Supplements, but give them all to the gold holdings in the Treasury was February 12 when the
C h r o n ic l e subscribers.
total was reduced to $41,340,181. That was about the
period when the syndicate entered upon the task they
INVESTORS wishing to keep informed with ref­ had undertaken. On the same day our New York Clear­
erence to their investments.
ing House banks must have held say about $82BUYERS AND SELLERS of Bonds and Stocks 000,000— they reported on February 9, $82,263,900 and
on February 16 $81,422,700; consequently there was
of Steam Railroads.
in sight on February 12 in the Treasury and in our
BUYERS AND SELLERS of Bonds and Stocks
Clearing-House institutions $123,340,181. Last Sat­
of Street Railways.
urday, March 2, our Clearing-House banks reported
BUYERS AND SELLERS of Bonds of States
their gold holdings $69,592,500, and under the same
Cities, Towns, Etc.
date the Treasury reported its net holdings $87,980,EACH and all need the C H R O N IC LE and its four
987, or a total stock in Treasury and banks of
SUPPLEM EN TS.
$157,573,487. It is more than likely that the banks
C F o r th e U n ite d S ta te s , C a n a d a a n d M e x ic o ,
„
will report to-day a further loss of gold, but the
i n c l u d i n g F o u r S u p p le m e n ts ,
v lv
TERMS:-j F o r a l l o t h e r f o r e i g n c o u n t r i e s , i n c l u d i n g dh -< Treasury has also gained ia the meantime, and
■|the result, though it will probably be a little
ft
p o s t a g e a n d F o u r S u p p le m e n ts ,




March 9, 1895.]

THE CHRONICLE.

407

less favorable, will not change in character. last night we had returns from 87 roads for the fu ll
Our readers hardly need to be told that the month, and these show aggregate earnings of $26,191,above aggregates of gold holdings in the Trea­ 890 for February 1895, against $26,714,789 for F eb ­
sury and banks show that there was on March 2 in ruary 1894. The los3 reflects the unfavorable weather
sight $34,233,306 of gold more than there was on Feb­ conditions which prevailed and the small grain traffic
ruary 12i As during that period (from February 21 to over certain Western roads because of last year’ s crop
March 2) the net imports of the metal were only $5,- failure.
Rather an important step has been taken by the
616,206, the conclusion of the whole matter is that
over 281 million dollars ($28,617,100) has in the in­ Trunk Line Association this week. For some time
terval been added to the stock in sight, some of it no the rate situation in the territory between Chicago and
doubt coming from banks in other cities but the most the seaboard has been steadily growing worse. Both
of it drawn out of private hoards. Certainly hiding the agents of the railroads and shippers agree in say­
gold was evidence of fea r; restoring it is evid ence of ing that they have never seen rates so utterly demoral­
confidence. If no untoward event happens such con­ ized except at a time of actual railroad war. Bearing:
ditions presage increasing business activity a3 the spring this in mind, the action of the trunk lines in resolv­
ing to discontinue all differential rates on west-bound
advances.
Careful inquiry justifies the belief that the business traffic on and after April 1 is decidedly significant.
situation is already slowly mending. After what the Differentials have hitherto been allowed to all except
country has endured during the last two years any but the two leading lines, the Hew York Central and
With the rate on first-class,
a very slow recovery would be out of the question. In the Pennsylvania.
certain directions improvement has been observable for freight Hew York to Chicago 75 cents per 100 lbs.,
some time, even in the face of adverse conditions. There roads like the Brie have been allowed a differential
is reason to think that henceforward steady progress will under this rate of 5 cents, while on the Hational De­
be made towards a better state of things, for nearly spatch, which operates over the Central Vermont and
every indication favors greater activity. Most import­ the G-rand Trunk, the differential has been as much as
ant of all is the fact that railway revenues are begin­ 15 cents, equal to $3 00 a ton. The latter is an ex­
ning to show signs of expansion. We say that that is most ceedingly round-about route and it takes we believe six
important of all because the great impulse to business days to get freight by it to Chicago. How the rate
revival must come from that industry. The part it has is to be the same by all the lines. If the action com­
played in extending and intensifying the general de­ prehended nothing more than this, it would of course
pression cannot be over-estimated. We showed last give the stronger and better-situated roads all the
week that there had been a decrease in the ordinary oper­ traffic. It is part of the arrangement therefore that
ating expenses of United States railroads in the calendar the Trunk Line Association shall see to it that the in­
year 1894 in the sum of about 100 million dollars— ferior lines get a fair share of the traffic. Whatever
which of course means that the activities of the nation the share may be it will be carried at full rates. It ie
were contracted to the extent of this diminished expen­ easy to see that there will be an advantage in this even
diture for labor and supplies. To-day in another article to these routes, as they will obtain higher rates
we indicate the contraction that the railroads made in than those in force under the present differential
still another direction, namely in their new capital schedule. And this advantage is not expressed by
outlays, using the Pennsylvania Railroad as an illus­ the mere differential, since schedule rates have not for
tration. The results in this case are as striking as in a long time been observed, shippers having been able
the other. The importance therefore of even a small latterly to send goods almost at their own figure. I t
increase in railroad revenues becomes very apparent. is to be hoped that no obstacles will be encountered in
As soon as the railroads have a larger income they will carrying out the new arrangement. In the South an
begin to spend more freely, and as soon as the roads unfavorable development during the week has been
spend more freely every branch and department of the action of the Seaboard Air Line in reducing the
trade will be stimulated ; this in turn will still further passenger rate between Atlanta and Hew York from the
increase the traffic and revenues of the roads, and thus regular fare of $24 to $14, with proportionate reductions
the movement will go on, acting and reacting at each toother points. The announcement has been made in a
stage of the process, until business activity again very spectacular fashion and the circular is signed by
Passenger Agent T. J. Anderson and Vice-President
attains its full development.
As yet the increase in earnings is not very large, ex­ E. St. John. Mr. St. John was until lately the Gen­
cept on special roads and in special sections. The im ­ eral Manager of the Rock Island. He evidently be­
provement of $694,208 in gross receipts reported last lieves in introducing Western methods among the rail­
week by the Pennsylvania Railroad for the month of roads of the South.
Money on call, representing bankers’ balances, hasJanuary reflects the greater activity of the iron and
steel trades. For the month of February the bad been a little active. It has loaned at the Stock E x­
weather interfered with good returns. But latterly the change generally at 2 per cent, with some business at
exhibits have been becoming better each week. For the 1^ and at 2£, and an advance yesterday to 3 per cent,
first week of February our compilation showed a decrease the close, however, being at 2 per cent, which has
Renewals
of 5 ’38 per cent and for the second week of the month been about the average for the week.
there was a decrease of 7 ‘81 per cent. These cover the have been made at this rate and banks and trust
period when the weather was specially bad. For the 3d companies quote 2@3. Some of the down-town banks
week our final statement given to-day shows a small have marked up their loans to 3 per cent and maintain
increase— 0*88 per cent— and for the fourth week ac­ them at that figure, although other banks and trust
cording to our preliminary statement also published companies, and also some of the foreign bankers, have
to-day there is an increase of 5*85 per cent. We have loaned at 2 per cent and the higher rate down town has
deferred until next Saturday our usual compilation and brought into the market some of the uptown banks
Review of earnings for the month of February. Up to which do not usually receive applications from




408

THE CHRONICLE.

Stock Exchange borrowers. A feature of the week
has been not only freer offerings by foreign bankers,
but also some of those who stipulate for a gold note
have so far relaxed their rule as to agree to give
ample notice of an intention strictly to enforce it.
Time money is only in moderate demand and this
chiefly for long dates, while the supply is fair. Qflota­
tions are 3@3|- per cent for sixty to ninety days and
per cent for four to six months. There is a
better supply of commercial paper not only from the
city but from the interior, but that is usual at this
season. The demand is only moderate, some of the
banks being out of the market, and a few do not care
to buy paper having longer than four months to run.
Quotations are 3 f per cent for sixty to ninety day bills
receivable; 4|@5 per cent for four months commission
house and prime four months single names; 5@5£ for
prime six months and 6@7 for good four to six months
single names. Deposits of gold for the American half
of the four per cent bonds bought by the BelmontMorgan syndicate having been completed during the
week ending February 23, the payments since then
have been credited to foreign account, and these
amounted at the close of March 8th to $7,253,290 79,
calling for $6,941,305 26 in bonds. The Umbria left
Liverpool on Saturday with $280,000 for the syndicate
and she will probably arrive to-day. The Lucania,
which will leave Liverpool to-day, will also bring
¿¡233,000 ($1,165,000) for the syndicate.
With the exception of the failure of Wynne & Son,
solicitors of London, involving about $2,000,000, and
the suspension of the Mecklenberg bank at Parchin,
Germany, there have been no important features in
Europe this week. The Japanese have made further
progress in China, capturing New Chwang, on the
load to Pekin, and this has probably hastened the de­
parture of Li Hung Chang, the peace envoy, for Japan.
The Bank of England minimum rate of discount
remains unchanged at 2 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
1 per cent. The open market rate at Paris is I f per
cent, at Berlin and Frankfort it is also I f per cent.
According to our special cable from London the Bank
of England gained £102,227 bullion during the week,
and held at the close of the week £37,186,830. Our
correspondent further advises us that the gain was due
to shipments of £140,000 to the interior of Great
Britain and to imports of £242,000, of which £130,000 were from Egypt, £81,000 from Australia, £26,000
from Roumania and £5,000 from France.
The foreign exchange market has been quiet and
generally firm this week until Thursday, when it was
easier for short. The demand for remittance has been
chiefly confined to bankers, rates being too high for
mercantile remitters whose requirements were not
urgent.
There was a fair supply of spot cotton
bills early in the week and some contract bills came in
later, but these made very little impression upon the
market and almost the chief supply was long bills sold
by the Belmont-Morgan syndicate. On Monday Brown
Bros. & Co., Heidelbach, Ickelheimer & Co. and the Mer­
chants’ Bank of Canada advanced the long rate half a
cent, while Baring, Magoun & Co. and the Bank of
British North America moved up both long and short
half a cent. A t the same time rates for actual business
in sterling and also Continental exchange were advanced,
and the market was quoted as strong; but the demand for
Tuesday’s steamer was apparently easily satisfied. Oa
Tuesday the Canadian Bank of Commerce and on Wed




[VOL. LX.

nesday the Bank of Montreal advanced the long rate
half a cent, and then and thereafter posted figures
were uniform. Business was, however, very dull and it
so continued on Thursday.
Then the rate for actual
business in long sterling advanced in consequence of
easier discounts in London, while cable transfers were
one quarter of a cent lower. The market closed a shade
easier yesterday. The following table shows the daily
changes in posted rates for sterling by leading
drawers.
Fri.,
Mon.,
Mar. 1. M ar.4.
88«
60
Brown Bros .. . | days . 88
Sight.... . 90
90
Baring,
< days.,. 88
60
88«
Magoun St Co. ( Sight......, 8 9 «
90
Bank British
( 60 days..; 88
38«
No. America.. ( Sight...., , 89X
90
Bank o f
( 60 days.., 88
88
Montreal........ ( Sight...... , 8 9 «
89«
Canadian Bank] !60 days. . 88
88
o f Commerce, i!Sight.... . 8 9 «
89«
Heidelbach, Ick -1[60 days. . 88
88«
elheimer St Co 1
¡Sight.... . 90
90
Lazard Freres... ji 60 days. .
1Sight....
Merchants’ Bk. i[ 60 days. .
o f C an ada....i ! Sight.... .

Tues.,
Mar. 5.
88«
90

W ed.,
Mar. 6.
88«
90

Thurs. .
Mar. 7.
88«
90

Fri.,
Mar. 8.
88«
90

88«
90

88«
90

88«
90

88«
90

89«
90

88«

9J

88«
90

88«

88

88«
90
88«
90

88«
90
88«
90

89«
88«
90

9°
•

88«
90
83«
90

88«
90

88«
90

88«
90

88«
90

88«
90

88«
90

88«
90

88«
90

88«
90

88
90

88«
90

88«
90

88«
90
88«
90

88«
90

88«
90

The market closed easier on Friday at 4 88£ for
sixty days and 4 90 for sight. Rates for actual business
in sterling were 4 87|@4 88 for long, 4 89@4 89|- for
sight and 4 89^@4 89£ for cable transfers. Prime com­
mercial bills were 4 87i@ 4 87£ and documentary were
4 86f@ 4 87.
Notwithstanding the severe weather which prevailed
during February, our statement of bank clearings for
that month shows an increase over the corresponding
month last year. The increase is 6*3 per cent for the
country as a whole and 4T per cent outside of New
York. Of course we are comparing with heavily dimin­
ished totals in 1894, our statement then having shown
about 37 per cent decrease with New York included
and 27 per cent outside of New York. Still that there
should have been any improvement at all the present
year under the adverse weather conditions and the dis­
turbing action of Congress is gratifying in itself and
encouraging for the future. The following gives the
comparative figures for both February and January.
MONTHLY CLEARINGS.
Clearings, Total All.

Month.

1895.
January
February

1894.

Clearings Outside New York.
P.O t.

1895.

1894.

P .O t.

8
9
$
9
4,407,154,364 4,060,584,254 + 8'5 2,012,481,950 1,895,020,198 +6*2
3,411,146,453 3.210,442,334 +6-8 1,546,705,226 1,486,402,544 +4-1

The best exhibits as a rule this time come from the
groups of places in the territory between the seaboard
and the Mississippi River. For the middle section the
increase is 8*3 per cent, for the New England section
3*8 per cent and for the Middle Western group 6T per
cent. Further West and in the South the weather
seems to have had quite a disturbing effect. At all
events the Far Western group of cities shows 3*4 per
cent decrease and the Southern group 2 ’3 per cent de­
crease. For the Pacific section there is a trifling in­
crease— 0 ‘5 per cent. In the following we show the
clearings at a number of reminent points for four
years.
BANK CLEARINGS AT LEADING CITIES.
,--------------- F eb ru a ry .-------------- , ,---- J a n u a r y 1 to Feb. 28.---- >

rooo.ooos
om itted .)
N ew Y o r k .. .
C h ica g o.........
B o sto n ...........
P h ila d e lp h ia
St. L o u i s ___
San F ra n ’ oo.
B a lt im o r e ...
P it t s b u r g .. .

1895. 1894. 1893. 1892. 1895. 1894. 1893. 1892.
$
¥
¥
¥
¥
¥
¥
¥
1,864 1,724 3,067 3,237 4,259 3,890 6,623 6,786
763
296
853
389
369
663
311
696
817
230
868
388
377
633
299
706
647
667
200
312
230
337
457
526
93
196
83
83
97
200
188 . 208
126
126
56
100
101
48
60
48
124
140
58
110
47
66
108
43
119
124
55
44
56
103
101
45

March

<000,0008

-February.1895. 1894. 1893. 1892.

omitted.)
Cincinnati...
New Orleans
Kansas City.
Louisville...
Buffalo........
Minneapolis.
Milwaukee..
Detroit.........
Providence..
Omaha........
Cleveland...
Denver........
St. Paul____

$

$

130
124
104
107
112
101
90
81
91
77
75
78
62
54
71
55
29
38
32
31
62
59
41
41
56
73
39
37
64
53
48
45
46
58
44
38
21
62
46
32
39
22
51
44
42
37
21
41
22
22
43
20
21
42
41
32
26
20
19 _________________________________

61
50
42
35
18
26
34
30
30
28
23

48
37
34
26
14
18
16

47
30
35
24
14
17
19
22
19
14
17
10
15

„----- Jan. 1 to Feb. 28.----- «
1895. 1894. 1893. 1892.

20

16
18
16
10
12

61
48
36
31
15
31
26
25

T ota l........ 3,206 3,017 4,835 4,976 7,353 6,830 10,492 10,376
Other cities.. 205
193
247
232
466
441
542
489
Total a n ... 3,411 3,210 5,082 5,208 7,819 7,271 11,03410,865
Outside N.Y. 1,547 1.486 2,015 1.971 3,560 3,381 4,406 4,079

With reference to business on the Stock Exchange,
the share sales have not varied greatly from the totals
for the corresponding month in 1894. The present
year 3,024,032 shares were sold, last year 3,173,527
shares, the market value of the sales also being approx­
imately the same in the two years, as will appear by
the following.
SALES OF 8TOOKS AT THE NEW YOBK STOCK EXCHANGE.
1894.

1895.
Month.

J a n ....
F e b ....

Values.

Number
of Shares
3,243,905
3,024,032

409

THE CHRONICLE.

9, 1895.]

Par.
%
318,422,500
300,314,750

Actual.

Number
o f Shares.

%
192,636,084 4,519,463
186,106,308 3,173,527

Values.
Actual.

$
445,082,520
310,597,250

257,823,270
186,671,536

Messrs. J. P. Morgan & Co. yesterday afternoon
issued a circular with regard to the reorganization of the
Erie Railroad. They state that an announcement will
be made later concerning the steps they intend to take
under the authority conferred upon them by the
bondholders. The road’ s return of earnings for
January
shows an
increase
of
$99,358
in
gross and of $71,054 in net. The Atchison Topeka &
Santa Ee for the same month has $15,324 increase in
gross and $82,974 increase in net; the Mexican Cen­
tral, $75,829 increase in gross, $110,854 increase in
net; the Central of New Jersey, $41,680 decrease
in gross, $15,351 decrease in net. The Denver &
Rio Grande reports net of $215,870 against $196,770
the Rio Grande Western, $38,995 against $33,337 ; the
New York Ontario & Western, $58,105 against $57,
3 7 1 ; the Chesapeake Ohio & Southwestern, $53,418
against $44,373 ; the Chicago Burlington & Northern.
$2,730 against $27,734; the Minneapolis & St. Louis
$44,671 against $43,059 ; the Oregon Improvement
$20,943 against $36,097; the Norfolk & Southern
$13,796 against $8,665 ; and the Cincinnati Jackson &
Mackinaw, $5,166 against $2,980. Below we furnish
a comparison of the January gross and net for four
>

The following gives the week’s inovements of money
to and from the interior by the New York banks.
Net Interior
Movement.

Received by Shipped by
N. T. Banks. N. Y . Banks

Week Ending March 8,1895.

« ... -

$4,545,000
450,000

$2,205,000 Gatn.$2,340,000
150.000
300,000 Gain.

T otal gold and le g a l t e n d e r s ....

$4,995,000

$2,505,000 Gain.$2,490,000

4old ................................ — —

Result with Sub-Treasury operations.
Out of
Banks.

Week Ending March 8,1895.

Into
Banks.

B aaks’ ln teriorm ovem en t.a s above
S ab-T reasury o p e r a t io n s ............

$4,995,000
17,100,000

Net Change in
Bank Holdings.

$2,505,000 Gain.$2,490,000
20,100,000 Loss. 8,000,000

Loss.
T otal go ld a n d le g a lte n d e rs....... $22,095,000 $22,605,000

510,000

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
March 8,1894.

March 7,1895.

Bank of

Total.

Gold.

Silver.

Total.

£

£

£

£

£

37,186 830
85,939,814
41.172.000
17.849.000
8.004.000
4.426.000
3,406,667

87,186,830
135,487,657
54.896.000
31.693.000
19.904.000
11.419.000
5,110,000

30,323,585
68.579.000
34,170,750
10.273.000
7.918.000
4.287.000
3,151,333

Silver.

Gold.
England.......
F ra n ce ... . . .
Germany*...
Aust.-Hung’y
Spain..............
Netherlands.
Nat.Belgium*

49,547,843
13.724.000
13.844.000
11.900.000
6,993,000
1,703,333

30,328 585
50.659.000 119,237,000
1L390,250 45.561.000
16.231.000 26.494.000
7.311.000 15.229.000
7 2 .00 11.809.000
.0 2 0
1,575,667 4,727,000

252,885,585
Tot.thls week 197,984,311 97,712,176 295,696,487 158,707,66 S94 177,91 252,560,521
197,185,053 97,399,956 294,584,009 158,332,274 94,234,250
Tot. prey, w ’k

- The division (between gold and silver) given in our table o f coin
and bullion in the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither ease is it
olaimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we.
believe the division we make is a close approximation.
N o t e .— We receive the foregoing results weekly by oable, and w hile
not all of the date given at the head of the column, they are the r e ­
turns issued nearest to that date—that is, the latest reported figures.

TREASURY

PROSPECTS
BOND

AND

TH E

NEW

S Y N D IC A T E .

The first of March Treasury financial statements do
not make quite as satisfactory a showing as we antici­
pated. In our review of the Government figures for
the first of February we stated that Customs duties were
larger than normal in J anuary—being increased that
month by unusual withdrawals from warehouse of
woolen goods— and larger consequently than the Feb ruary total would be ; but that we expected the internal
revenue receipts to increase and keep the Government s
income for February in good shape, notwithstanding
this anticipated falling off in Customs payments.
If the comparison be made by months regardless o f
their length, the result would be decidedly disappoint­
ing. That, though, is not a fair test. It is only the
average daily receipts that afford evidence of the true
state of the income. Thus if we use as a test the
monthly totals it will be found that the Customs receipts
— January Eam m gs.—
1892.
1893.
1894.
1895.
were only $13,335,000 in February against $17,606,000
$
$
$
$
Name o f Road—
3,379,472 in January, $11,644,000 in December, and $10,261,000
3,727.198
3,051,623
Gross 3.066,947
701,687
810,908
626,991
709,965
Net
974,305 in November, and so on. Using the internal revenue totals
1,063,783
894,113
852.433
.Gross
348,553
337.605
261,986
246,635
Net
166,705 in the same way, the February figures are only $8,860,210,909
172,285
176,930
.Gross
57,ll6
77,132
44,373
53,418
Net
150,078 000, against $9,117,000 for January, $8,950,000 for De­
146,743
140,150
120,305
.Gross
31,024
18,618
27,734
2,730
Net
This last com­
52,456 cember and $7,774,000 for November.
50,529
43,797
52,486
.Gross
8,811
6,983
2,980
6,166
Net
726,342 parison gives not only smaller February receipts from
748,616
530,608
631,515
309,559
316,211
196,770
215,870
Net
613,022 internal taxes than in January, but smaller even than
634,660
793,043
717,214
211,859
160,267
355,421
244,567
Net
But as already stated a correct idea of
126.925 in December.
126,956
122,463
119,142
50,561
37,094
43,059
44,671
Net
the tendency of the movement is not obtained by com­
2,186.570
2,194,862
1,788,033
N. Y . Lake Erie & West*. .Gross 1,887,391
454,237 paring a month of twenty-eight days with a month of
545,760
295,333
366,387
Net
201.289
267,488
257,099
276,725
22,987 thirty-one, and especially at a time like the present,
41,988
58,105
57,271
Net
295,778
265,936
2e2,576
281.453
.Gross
54,727 when business is so dull that all the improvement any
24,452
20,943
36,097
Net
183,276
149,896
145,753
141,870
54,182 one can expect from month to month must be small.
35,794
It
38,995
33,337
Net
* Figures fo r 1895 and 1894 given on slightly different basis from that fo r the is an agreeable fact that quite a different impression is
previous years.




410

THE CHRONICLE.

obtained as well as a more accurate one when we com­
pare the average daily movement. To present this
phase of the situation we have put in form the follow­
ing brief statement of the daily average receipts from
Customs and from internal revenue for each of the
eight months of the current and of the previous fiscal
years.

[V ol. LX..

the daily average increase was $33,600 and from D e-'
cember to February (two months) $100,600, or sa j
$50,000 a month. Making the comparison between
July 1894, when the total average daily receipts from
customs was $271,800, and February 1895, when the
same total was $476,200, we have a daily increase o f
$204,400, which represents a monthly increase (calling:
MONTHLY AYEBAGE DAILY BECEIFT8.
/----------1894 -95.----------.
,----------1893-94.----------. the month thirty days) of $6,132,000, and would bring
Daily
From
From]
From
From
the February total (assuming the month had thirty
Average.
' Customs.
lnt. Rev.
Customs.
lnt. Rev.
July.................. $271,800
$812,900
$473,700
$473,800 days) up to $14,286,000, which is a decidedly gratifying
August.............
380,800
889,100
391,800
340,700 result a total which the current month (March) prom­
September........
518,800
206,100
419,000
382,300 ises to exceed to some extent.
October.............
385,900
209,400
354,800
410,800
The above comparison of the daily receipts averaged*
November........
342,000
259,100
341,600
401,800
monthly shows that there has been growth in the Gov­
December......... . 375,600
288,700
297,200
401,500
January...........
567,900
294,100
401,200
290,800 ernment revenue all the time in progress during the.February........
476,200
316,400
371,100
394,600 current fiscal year. It proves, too, that a further ma­
terial development of revenue will follow a further
*M ly av. 8 mos $414,000
$412,100
$381,300
$386,900
When
In the foregoing shape these revenue figures look to material improvement in general business.
therefore Senator Gorman says that the deficiency thisus encouraging. Using the results representing the re­
fiscal year will reach 60 million dollars and that Secre­
ceipts from interna] taxes, it will be noticed that there
tary Carlisle is in error in saying there will be no defic­
has been quite a steady and a constant increase in the
iency the current calendar year, the Senator virtually
daily average each succeeding month of the last six, the
asserts that general business will not improve but will begrowth for the period having been from $206,100 a
day in September 1894 to $316,400 a day in Febru­ come more depressed the remaining four months of thecurrent fiscal year and the first six months of the next
ary 1895, or more than 50 per cent. That looks
fiscal year than during the past eight months. That his
healthful. It encourages the anticipation of future
words admit of no other conclusion is evident becausegrowth. The totals the above table gives for July
the assertion amounts to this— that the deficiency in
and August 1894 were of course unusual, being made
the revenue for the remaining four months will be 25
so extreme by large withdrawals from bond of whiskey
million dollars, or 6|- million dollars a month, against
to escape the higher tax imposed by the new tariff bill,
35 million dollars (the amount of the deficiency for the
and. consequently are no standard for any kind of com­
8 months up to the first of February), or 4£ million,
parison. It will be seen from the figures for the pre­
dollars a month. In other words his estimate of defic­
vious fiscal year contained in the foregoing table, that
iency for the closing four months of the current fiscal,
over $400,000 was the daily average product from the
year is nearly two million dollars a month more than
internal taxes in many of the months of that poor yearj
for the past eight months, notwithstanding there has.
for the whole of the fiscal year of 1892-93 the daily
been a steady growth in the two main items of revenue
average Government receipts from the same sources
ever since the fiscal year began, and the promise
were over $440,000. These comparisons show that with
from any fair estimate of the conditions is, as we have,
the tax on whiskey increased under the new law 20 cents
seen, that there will be a further growth in com ing
a gallon, an enlargement of the internal revenue re­ months.
ceipts from 9 million dollars a month, which was about
We have dwelt at length on these facts simply be­
what it was last month (February), to 12 million dol­
cause in some influential quarters so much importance
lars a month, or a daily average of $400,000 by the
close of the present fiscal year, would be a very mod­ is given to Congressional estimates of a present largo
and growing deficiency and to the pressing need which
erate anticipation. Confidence in this conclusion finds
it is said is sure to arise, by reason of this deficiency, for
further support in the light of the growth in the daily
a new sale of bonds soon after the new fiscal year be­
receipts from internal taxes which, has occurred since
gins. We have no opinion to express with reference to
September last— notwithstanding the extremely little
another issue of bonds. If it proves necessary and is>
.
revenue received from whiskey— and in the light of the
conducted with the skill the recent one has been thus
known facts with reference to the larger revenue from
far, there is no ground for the belief that it would
that commodity future months promise.
have any disturbing effect, but that it would act rather
A teaching of quite a similar character is derived
as a reassuring influence. Note in passing just on©
=
from a study of the Customs payments. It will be
single condition with reference to that prospective bond
noted in the above that the average daily receipts dur­
issue should another sale be found desirable— a con­
ing February in that department of the Government
dition which ought to take a little of the tremor out o f
revenue show increases which have only been prevented
some of the more nervous souls who stand in fear of it. Onfrom being constant during the current fiscal year by
February 12th the gold balance in the Treasury was a t
the withdrawals from warehouse of imported goods
its lowest point, $41,340,181. On the same day ou r
from August to October 1894, and again in January
banks must have held of specie about 82 million
1895, months that were exceptional for well-known
dollars— they reported February 9th $82,263,900
reasons, and therefore need not be considered. Taking
and on February 16th $81,422,700— making the.
July, November, December 1894 and January 1895
amount in sight on February 12th in New York and
as the only months free from influence by changes in
in the Treasury, $123,340,181. Last Saturday the
the new tariff— that is as the only months representing
Treasury reported the net reserve at $87,980,987, and
general business conditions— we can trace a constant
our Clearing-House banks reported their specie at
improvement. For instance, leaving out January 1895
$69,592,500, a total of $157,573,487, making the inand considering the growth from November 1894 to
crease in two weeks o f the amount in sight in New*
February 1895, we find in the first month, December, York and the Treasury about 34^ million dollars.




THE CHRONICLE.

M a r c h 9, 1895.]

We did not have it in mind to express any views
to-day with reference to the question whether another
sale of bonds may or may not become imperative. That
event is not imminent at least, and none of the condi­
tions as yet. exist which can make it so. The question
consequently has no present interest, as there are no
data except purely speculative to found an opinion
u p o n ; and the above is given for the relief of
those who are living under a fear of the con­
sequences of a new offering by the Government
if it should become a future necessity. The sub­
ject of a continued deficit in the Government revenue
which we were discussing has one other side to it. We
have already shown that the large estimates of short­
age are unreasonable; that the receipts have been
almost constantly during the past eight months getting
nearer to meeting the calls upon them; and that if
business continues to revive the revenue will further
and materially increase. The remaining point is that
even if the revenue should not be materially added to,
there is no cause for nervousness over the drain on the
Treasury which such a deficit as we now have makes.
When the payments under this last bond call are com­
pleted the Treasury will have at least 50 million dol­
lars of currency which it could as well as not disburse
if its gold reserve was intact and not threatened.
If the reader will look at the table at the end of this
article he will see that the actual cash balance on hand
March 1 1895 was $178,197,586 and that the cash
in bank and Sub-Treasury is $224,024,238. Both of
those items have been added to since the first of March,
the total cash balance on March 7 being $182,972,685
and the cash in bank and Sub-Treasury $228,107,968;
the same items will be further increased when the
syndicate’s payments are completed.
These figures
will be better understood if put in connection with the
■corresponding items in the statement for November 1,
1894; the contrasts are so notable that no one should
neglect to study them for himself. We will only add
that taking the results given above for March 7th, the
Treasury balance was over 75 million dollars larger and
the cash in banks and Sub-Treasury over 83 million
dollars larger than on Novemberl, 1894. Such a con­
dition most certainly takes away from the seriousness
of an average monthly currency deficit, even if it
-should be continued at from three to four million dol­
lars a month ; at the higher figure it would take more
than 12 months to bring down the balance to 125 mil­
lion dollars. Besides, this review of the facts and con­
ditions has shown that there is every reason to anticipate
a further and considerable increase in the revenue.
Below we give our usual table of Government cash
holdings on the first of March and on the two previous
monthly dates, aiding also the statement for Novem­
ber 1st. These are the figures we have referred*to in
the above remarks, except the receipts and disburse­
ments, which, in the usual form, will be found in the
Commercial and Miscellaneous News department.
Holdings in Sub-Treasuries—
Net gold coin and bullion..........
Net silver coin and bullion.......
N et IT. S. Treasury n otes...........
N et legal tender notes................
N et national-bank notes.............
N et fractional silver...................

Nov. 1, ’94. Jan. 1, ’95. Feb. 1, ’95. Mch. 1, ’95.
s
$
$
$
61,381,827 86,244,445 44,705,967 87,035,511
7,650,305 14,386,985 16,207,191
8,310,732
28,425,172 23,369,950 83,571,316 36,455,457
12,161,311 34,914,158 52,056,673 47,767,758
5,154,293
6,333,175
4,970,183
4,759,972
15,424,113 14,483,636 15,481,586 16,131,115

Total cash in Sub-Treas’s,net 130,653,343 176,422,466 166,535,702 208,801,353
A m ou n t in national banks........ 14,915,705 15,081,275 14,829,738 15,222,833

Cash in Banks & Sub-Treas 145,569,043 191,503,741 181.365,440 224,024,233
«D e d u ct other liabilities* net.. 38,228,902 38,166,161 36,7e2,136 45,826,652
A e t u a l cash balance........... 107,340,146 153,337,580 144,603,304 178,197,586
* “ Chiefly disbursingoffleers’ balances.”




411

R A I L R O A D D ISB U R S E M E N T S A N D
B U S IN E S S A C T IV IT Y .
Much stress is being laid, and very properly, upon the
effect which the great diminution in the purchases of
the railroads has had in intensifying and in large part
explaining the depression in trade and business under
which the whole community has suffered so long. We
doubt, however, whether many persons have any idea of
the real magnitude of the shrinkage which has occurred
in the outlays of our railroads as the result of the un­
favorable conditions which have prevailed. The mat­
ter is of importance, now that improvement is under
way, because in proportion to the previous decline
will be the ultimate recovery. It also serves to reveal
how essential it is that the railroads should be helped
to their feet by being allowed proper compensation for
their services and getting relief from burdensome
restrictions if the country is again to enjoy a full
measure of prosperity.
We showed last week from original statistics that the
gross revenues of the United States system of railroads
fell off in the calendar year 1894 in the sum of 150
million dollars and that the contraction in expenses
was roughly 100 million dollars.
Large though
these figures are, however, they simply tell part of the
story. Obviously one hundred million dollars less paid
out by the carrying interest for labor and supplies makes
a vast deal of difference in the activity of trade. But
this simply represents the contraction in the" ordinary
operating accounts of the carriers. It makes no allowance
for the great decrease in the new capital expenditures
of the roads— we mean the expenditures which are paid
for not out of earnings but by the investment of new
capital.
This has in the past been a very large item; under
the existing depression it has been cut down to almost
nothing. It will be understood th at we are not refer­
ring simply to the construction of new road. That is a
factor in the new capital expenditures, but by no
means the only or even the most important one. We
built less than 2,000 miles of new road in 1894, being
the very smallest annual addition in certainly twenty
years; in 1887, a year of great activity, we built nearly
13,000 miles; in 1893 we built 2,800 miles; in 1892 and
1891 each about 4,600 miles, and in 1890 and 1889 each
about 5,600 miles. But, as already said, the new capi­
tal outlays in other directions have likewise been cut
off. In normal times the railroads find it necessary to
make very large additions each year in a number of
ways— for second and third track, for sidings, for ad­
ditional cars and locomotives, for new and en­
larged terminals, depots, stations, for improve­
ments in road-bed and track, and for new facilities
of various kinds, &c., &c. In the West the unfavorable
conditions attending railroad operations had in many
cases forced a reduction even before the panic. Among
the Eistern roads the outlays continued large until
about the middle of 1893. Daring 1894 they were re­
duced to probably the lowest figure reached in a very
long period of time. The reasons of course are per­
fectly evident. Results of operations did not warrant
the making of new investments, besides which it would
have been difficult to raise the money, and the falling
off in the volume of traffic removed the need for the
extension or enlargement of existing plant and facili­
ties.
What the aggregate expenditures in these various
ways have been in normal years cannot be definitely

412

THE CHRONICLE.

stated; this much, however, is certain— the amount was
very large. We have in the case of the Pennsylvania
Railroad, whose report has been issued this week, an il­
lustration to show how great has been the change during
the last two years. We have taken the pains to make
up from the present and previous reports a statement
to indicate the new capital outlays on the various roads
in the Pennsylvania system for 1894 as compared with
1893 and 1892. The statement is as follows.
NEW CAPITAL EXPENDITURES.
--------C onstruction, eq u ip m en t, etc.------- >
E a stern
W estern
lines.
lines.
Total.

1894.. $2,390,373
1893.. 9,664,331
1892.. 9,969,480

Car
trusts
issu ed .

$631,770
$3,022,143
nil.
4,523,048 14,187,379
nil.
7,001,941 16,971,421 $4,187,000

G rand
total.

$3,022,143
14,187,379
21,158,421

Thus on this system the expenditures for new con­
struction, equipment, etc., in 1894 were only $3,022,143,
while in 1893 the aggregate was $14,187,379 and in
1892 $21,158,421. Nothing could show more plainly
than this drop from 21 million dollars in 1892 to only
8 million dollars in 1894 how tightly the purse strings
of the roads have been held by the force of circum­
stances. It may perhaps be claimed that the outlays in
1892 were exceptionally large, but that is true only so
far as the issue of car trusts for new equipment is con­
cerned. Nearly 17 million dollars was spent for new
capital purposes in that year independent of the car
trust payments, and by looking back we find that even
in 1890 the outlay in that way was 14£ million dollars,
though for 1891 the amount had been not quite 11
million dollars.
Of course, besides the cutting down of the new capi­
tal outlays the Pennsylvania was forced to reduce its
ordinary operating expenses in a very decided manner
because of the great falling off in the earnings of its
lines. We have thought it interesting to show the re­
duction in that way along with the reduction in the
other way, and accordingly present the following table.
E xtra ord ’y
exp en d itu res.

1894 ..............$1,385,271
1893 ................ 2,163,210
1892.................. 1,263,136

O p era ting
expen ses,

N ew
G ra n d total
ca p ita l ou tla ys, o f d tsb u rs’ ts.

$85,142,175
9*,239,3«1
*101,252,783

$3,022,143
14,187,379
21,158,421

$89,549,589
114,589,950
123,674,340

* In this we have made an allowance for the expenses of the Terre
Haute & Indianapolis and the Toledo Peoria & Western, now included
in the results, hut which were not included in 1892.

The result here is very striking. The aggregate dis­
bursements of all kinds for new capital and on operatng account and for extraordinary repairs were
only $89,549,589 in 1894 against $114,589,950 in 1893
and $123,674,340 in 1892. In other words the'Pennsylvania Railroad spent for labor and supplies in one
form or another 25 million dollars less in 1894 than in
1893 and 34 millou dollars less than in 1892.
This is the showing simply for one system—
o be sure the largest in the country, but yet form ­
ing only a small part of the country’s entire mileage.
We shall not endeavor to conjecture what the falling
off would be if we could have the total for all the
roads in the United States. But with such figures
before us, is it not evident from what direction the
greatest stimulus to a revival of industrial activity
must come. And is it not also obvious that any
act that will tend to promote the prosperity of the rail­
roads must also and immediately advance the general
welfare. No one would argue in favor of the con­
struction of any more unnecessary parallel and compet­
ing roads. But every interest will be furthered by
permitting the roads to develop according to the legiti­
mate needs and requirements of the country, and this
means not only that past activity shall be restored but
that progress towards still greater activity shall be
eventuallyj[achievedt“




[VOL.

LX. I?

T H E P E N N S Y L V A N IA R A I L R O A D R E P O R T .
What the Pennsylvania Railroad can do in a period of
prosperity has been abundantly shown in the past, when
its record has been one of large and continuous growth.
In the results for 1894 we have an indication of what
kind of a showing the property is able to make in a
period of severe depression in trade and with practically
every leading condition and influence unfavorable. In
this case as in the other, there is every reason to feel
satisfied with the result, though of course the effects of
the adverse developments are plainly and palpably
evident.
While it is not necessary to rehearse all the occur­
rences and events for which the year is distinguished,
it is well to recall that in some respects the various de­
pressing agencies at work operated with special force
against the
Pennsylvania Railroad.
The road
is in every sense of the
word
the largest
in the country and we should expect it to suffer in
proportion to its size. A t the same time the situation
of the property and the character of its traffic are such
that the industrial prostration prevailing affected it
with particular severity. As we all know, the Penn­
sylvania is largely dependent upon the prosperity of the
manufacturing industries along its lines, and as the
reader also knows manufacturing has teen depressed
as never before in the country’s history. Again, the
road is the largest coal-carrying company in the United
States, and the depression in manufacturing very
greatly reduced the demand for, and consequently the
shipments of, coal. Then also the iron and steel in ­
dustries, which form such a prominent feature in the
manufacturing activity of the territory through which
the lines of the system run, suffered beyond almost all
others. The strike of the bituminous coal miners,
lasting from April 21 to June 18, operated at once to
cut off the coal traffic to a very great extent and to
bring iron production almost to a standstill.
It is in the light of these facts that the outcome for
the year must be considered. Taking all the lines,
owned and controlled, both east and west of Pittsburg,
it is found that gross earnings in 1894 as compared with
1893 fell off over 16^- million dollars— in exact figures
$16,526,570. We also find that rates during the year
further declined, the average on the lines east of Pitts­
burg and Erie per ton per mile dropping to only 5•85mills, a remarkably low figure and the very lowest
average in the entire history of the company. With
gross revenue diminished 16-J million dollars (after a
loss too of 4 million dollars in 1893) and with the
average freight rate down to less than six-tenths of a
cent per ton per mile, the income account shows the 5
per cent dividends which were paid out of the year’s
income to have been earned in full, with a surplus of
$895,100 left over on the operations of the twelve
months. This surplus remains after charging off $1,385,271 for extraordinary repairs, being the amount
expended in elevating tracks, to avoid grade crossings,
and for other exceptional purposes. Morever to say
that 5 per cent dividends were earned means a great
deal more in this case than it would in others, for as
the amount of the company’s stock outstanding is over
129|- million dollars, dividends at that rate call for
nearly 6£ million dollars.
With it all the company has maintained its financial
condition as strong as ever. Practically no change oc­
curred in the share capital of the company during the
year, while the funded debt was increased only $259,-

M a r c h 9, 1895.1

THE CHRONICLE.

596. No new issue- of car trusts was made, and the
capital outlays reached only about 3 million dollars on
the entire system— $2,390,373 on the lines east of Pitts­
burg and Erie and $631,770 on the lines west of Pitts
burg and Erie. The means for this purpose were ob­
tained mainly through the sale of securities held in the
company's treasury. We show in another article how
very much smaller these new capital outlays were in
1894 than in the years preceding. It is needless to say
the company has no floating debt— that is, there are no
loans or bills payable outstanding. The ordinary cur­
rent liabilities Dec. 31, 1894, aggregated $17,379,167,
of which $10,203,314 represented amounts due con­
trolled companies, leaving only a little over 7 million
dollars owing on current accounts and to outsiders.
The current assets at the same date (not countiDg
$2,377,608 of materials on hand) were $17,884,791, of
which $6,167,420 was in actual cash.
It may seem difficult to understand how the com­
pany found it possible to earn the dividends paid and
keep its strength unimpaired in the face of the unfa­
vorable trade situation, the low rates and the large loss
in revenue sustained. We have seen in the first place
that the new capital outlays were rigidly curtailed.
The same policy of rigid retrenchment has been pur
sued in the case of the ordinary operating expenses.
With the gross revenues of the combined system di­
minished $16,526,570, expenses were reduced $13,097,186, leaving the loss in net $3,429,384. It deserves to
be noted that after these losses earnings in 1894 still
amounted to $122,003,000 gross and to $36,860,825 net,
showing of what vast extent the earning power of this
great system is.
Of course in part the reduction in expenses has fol­
lowed from the smaller volume of business done. But
at the same time renewal outlays were also very greatly
curtailed. The extent to which each agency has con­
tributed to the final result may be seen from an analy­
sis of the accounts of the lines directly operated east
of Pittsburg and Erie.
In that case gross earnings
fell off $7,670,939 and expenses were reduced $6,632,271. Taking the four leading items of expenses, we
find that there was a saving of $2,714,679 in conduct­
ing transportation, a saving of $1,728,434 in motive
power, a saving of $976,127 in maintenance of cars, and
a saving of $1,278,081 in maintenance of way. Carrying
the comparison of the last two items a year further
back, expenditures for maintenance of cars are seen to
have been $4,906,347 in 1894, against $5,882,475 in
1893 and $6,013,754 in 1892, and expenditures for
maintenance of way, $5,597,110 in 1894, against
$6,875,190 in 1893 and $8,186,954 in 1892. These
latter comparisons afford an indication of the way in
which it has been found possible to offset the losses in
gross receipts. No one would contend that the saving
in these instances has been to the detriment of the
property. The truth is the company has pursued
such an exceedingly liberal policy in the past and has
thereby raised its physical condition to such a high
standard that now that traffic is falling off the need
for outlays of this description is correspondingly re­
duced.
The surplus above the dividends is substantially the
same for 1894 as for 1893, being $895,100 in 1894 and
$911,108 in 1893. It should be understood, however,
that in both years the surplus is independent of the re­
sults of operations of the lines west of Pittsburg and
E rie ; in 1894 these Western lines were operated at a
slight loss ($49,171), in 1893 they netted a profit of




413

$1,875,110— a difference in the net results between the
two years of nearly two million dollars. There was
some saving in charges in 1894 arising out of the fact
that a number of the leased lines are operated on a
percentage basis, and with a falling off in gross rev­
enues the rental to be paid over, based on these
revenues, also fell off. Finally, the outlays for ex­
traordinary repairs were less in 1894 than in 1893,
standing at $1,385,271 against $2,163,210; however
in 1892 these extraordinary outlays were only $1,263,136.
In brief then, the explanation of the company's
ability to earn its dividends in 1894, after such heavy
losses in income, is found in the fact that the margin
to be encroached upon was so very large, and this illus­
trates anew the wisdom of the company's conservative
policy in the matter of the distribution of profits to
the shareholders. Seeing the large surplus remaining,
many of the European holders have for years been con­
tending that dividends should be increased so that
shareholders might get each year all the profits. But
the management have steadily resisted the clamor to
this end. They have given the holders fair dividends,
but anything above the requirements for that purpose
they have put back into the property in one shape or
another. Is it not fully apparent now that that was
not only a wise but a correct policy ? Would the com­
pany to-day be able to pay its regular dividends if the
contrary policy had been pursued?
In the traffic of the system, a feature during the year
has been the much larger falling off, proportionately,
in the passenger movement than in the freight move­
ment. Of freight, the number of tons transported one
mile was 12,133 millions in 1894, against 12,969 millions
in 1893, the decrease thus being not quite 6^ per cent.
But of passengers the number carried one mile was
only ],498 millions in 1894, against 1,862 millions in
1893, the loss consequently being over 19-£ per cent.
In the actual number of passengers and of tons of
freight moved the loss is heavier in the latter than in
the former; 120,548,652 tons of freight were moved in
1894 and 138,990,687 tons in 1893, showing a decrease
of 13*27 per cent, while the number of passengers
carried was 77,106,555 against 86,536,525, showing a
decrease of only 10*9 per cent. The fact that in the
ease of freight the decrease in the number of tons was
13*27 per cent and the decrease in the movement one
mile but 6*45 per cent, whereas in the case of the
passengers the decrease in number was 10*9 per cent
but in the movement one mile 19*56 per cent, shows
that the falling off in freight has been largely in the
local or short-haul traffic, and the falling off in passen­
gers largely in the through or long-distance traffic.
And this is what we should expect. In 1893, as will
be remembered, the passenger traffic included the
World's Fair business, which the roads logt in 1894,
and much of this furnished a long haul.
On the other hand the falling off in the freight
traffic during 1894 followed mainly from the icdusr
trial depression which prevailed, and particularly the
depression in the iron and steel and the coal in­
dustries, which affected chiefly the local or short
haul traffic. Striking confirmation of the truth of
this latter statement is fouud when we consider the
traffic statistics of the Eastern and the Western lines
separately. On the lines west of Pittsburg and Erie,
where manufacturing is a much less prominent feature
than in the Eastern sections, there has been scarcely
any falling off at all in the freight traffic, the number

414

THE CHRONICLE.

[VOL. LX*

of tona moved having been 43,088,278 in 1894 and
43,159,417 tons in 1893, and the number one mile
T H E B A L T IC C A N A L.
3,903,854,227 against 4,021,684,817. But on the lines
The late spring and the early summer are to oe asso­
©ast of Pittsburg and Erie, where manufacturing ciated in Germany in 1895 with two great events— the
is the principal element in the activities of the people, celebration of the eightieth birthday of Prince Bis­
the volume of the freight traffic shows a marked con­ marck, the greatest of living Germans, and the open­
traction, there having been only 77,460,374 tons trans­ ing of the Baltic Canal. It is fortunate that both
ported in 1894 against 95,831,270 tons in 1893 and events should be connected with the same year, for
■8,229,716,790 tons one mile, against 8,948,005,998. they have relations more or less direct, both of them,
That the shrinkage has been in the local or short haul with those years of effort and sacrifice, beginning in
traffic is evident from the fact that in the number of 1864, which restored Schleswig-Holstein to Germany,
tons moved the decrease is 19*17 per cent but in the and led to the exclusion of Austria from the Fathernumber one mile only 8*03 per cent.
land, and ending in 1871 when the German Empire
Notwithstanding, however, the traffic’of thejWestern was re-established under the sovereignty of the House
lines records but little decline, the decrease in the of Hohenzollern, the reigning family of Prussia. It is
gross earnings of those lines has been relatively greater only stating the truth to say that this protracted strug­
than on the Eastern lines. On the Western lines gross gle was inspired and sustained by, and that its results
is $42,669,468 for 1894, against $49,012,576 for 1893, were due, to the genius of Bismarck more than to all
a loss of $6,343,108, or nearly 13 per cent. On the other causes or influences combined.
Eastern lines gross is $79,333,531, against $89,516,993,
It is because of the great work accomplished that
a loss of $10,183,462, or only about 11$ per cent. But the celebration of his eightieth birthday on April 1
the Western lines suffered much the heavier contrac­ is already invested with so much importance; and but
tion in their passenger business. In the number of for this same work Germany would not to-day have the
passenger carried the difference is not so very great, prospect of opening in June a canal which not only
the decrease being 10-46 per cent for the Eastern sys­ promises her great commercial advantages but en­
tem and 12*45 per cent for the Western system, but in courages the belief that she will at no distant day take
the number one mile, which measures the actual her place among the great naval powers of the world.
amount of work done, the decrease is only 12*76 per Both celebrations, no matter how conducted, will be
cent for the Eastern lines but as much as 32*77 per cent the one directly, the other indirectly, triumphs fo r
for the Western lines.
Bismarck.
The celebration on the later oc­
With reference to the rates realized on the traffic, casion will no doubt be on the grander scale;
the Pennsylvania finds the continued decline a de but the birthday celebration will command a wider
cidedly unfavorable factor the same as other roads. sympathy and excite deeper enthusiasm among the
We have referred >bove to the fact that in the late Germans.
year the average per ton per mile on the lines east of
The Canal commands our special attention from its
Pittsburg and Erie was less than six mills, or .the veiy important relations to business and international poli­
lowest figure reached in the entire history of the com­ tics. It has long been a source of regret to German
pany. And the unfortunate feature is that it seems statesmen that the country was so completely shut off
impossible to check the continued downward tendency. from the west coast. Until the occupation of Schles­
A t the present moment, according to advices from the wig-Holstein, Germany was to all intents and purposes
West, East-bound freight rates to the seaboard are an inland country except to the north.
Schleswigutterly demoralized, and the all-rail tariff on certain Holstein, however, offered no special naval advantages
commodities is as low as the lowest rail and water rate on the side of the North Sea. It secured for Germany
during the period of inland navigation in mid-summer. the famous harbor of K ie l; but Kiel was of more value
President Roberts well says that while an improvement as a ship-building station and as a harbor for ships of
in the volume of traffic may naturally be expected with war than for any direct commercial purposes. It was
the return of commercial prosperity, there seems to be on the wrong side of the mainland. An outlet to the
little ground to hope for relief as to the rate situation North Sea and thence to the Atlantic could only be
until the general public awakens to the fa ctjh a t the had by rounding the Jutland Peninsula, and threading
prosperity of the transportation interests of the country the narrow and dangerous channels between the coasts
depends upon their receiving proper compensation for of Denmark and Sweden.
the service rendered, and that upon their prosperity de­
That this water-way between the Baltic and the North
pends to a large extent that of the whole country. As Sea is beset with more than ordinary danger is proved
bearing upon the same thought, we show to-day in an­ by the fact that on an average some two hundred ships
other article how tremendous has been the shrinkage in founder annually on those coasts. There was but one
the annual disbursements of the Pennsylvania system means of getting rid of this difficulty, and that was by
alone during the two years, thus indicating what a prom­ cutting a canal which should connect the Baltic with
inent part the economy forced upon the railroads has the North Sea. It is long since the difficulty was first
played in the present great prostration of all industrial experienced and since it was felt that the only way of
interests. The outlook now seems to be for an improve­ overcoming it was by means of a canal. As far back
ment, Congress having adjourned, and the company's as six hundred years ago the merchants of Lubeck did
return for J anuary, issued last week, having recorded have a small canal cut, connecting their town with
an increase of $518,442 in gross on the Eastern lines Hamburg. It is significant that substantially the same
and of $175,766 on the Western lines, or $694,208 to­ line has been followed in the later and much grander
gether, over a year ago. It is to be hoped too that experiment. What was wanted latterly was to bring
though it may not be possible to arrest the down Kiel, Germany's principal naval stronghold, in some
ward tendency of rates, some way will be found easy way into connection with the North Sea and the
of checking the extreme demoralization which now waters beyond; and that is what German^ engineers
exists.
have at last successfully accomplished.




M arch 9, 1895.J

THE CHRONICLE.

415

Germany was somewhat slow to come to a decision as sion is an impossibility without a powerful navy. It is
to the construction of this canal. In war times a canal in good part her naval superiority that gives Great
if not purely inland is difficult to defeud. Men’s minds Britain her advantages in this particular. As a naval
have undergone great changes in regard to the value, Power, France is far ahead of Germany. So is Italy.
for military purposes, of the Suez Canal. It was at one Emperor William, it is well known, has strong sailor
time thought that that canal had made English su­ proclivities.
He is desirous to have a power­
premacy absolutely secure in India. Later experience ful navy. This canal enlarges his opportunity.
has shown that the same water-way, if not converted It will no doubt intensify his desire. With the
by war into a source of danger, would certainly be opening of the Baltic it will not be wonder­
rendered useless. There is no strong desire either on ful if
there should be demand for increased
the part of the British Government or of the British naval appropriations. If the money is forthcoming we
people to have a canal under the channel. It might shall have a most unmistakable development of the
have its advantages in peace times, but these might be navy.
more than counterbalanced by disadvantages in times
A larger German navy is not unlikely to materially
of war. It was argued by no less an authority than affect the balance of power at sea; and in proportion as
Count von Moltke that a canal connecting Kiel with Germany becomes a colonizing power new combinations
the mouth of the Elbe would be difficult of defense, may be needful. In that case will not fresh forces
and that unless successfully defended it would put begin to operate, jealousies and rivalries take the place
great advantages in the hands of the enemy. These of friendships and alliances, and much of that which
objections, however, were gradually overcome; the is old and with which we have become familiar pass
ground was thoroughly surveyed, plans were drawn away ? The changes that seem inevitable do not neces­
out, and on June 3, 1887, the venerable Emperor sarily imply war. They rather point to the necessity
of camion and well-guarded action. Surprises will be
William inaugurated the work.
It was an immense undertaking, and it was not to be less easily accomplished and concealment of wrong­
brought to completion without careful management doing on a national scale will be impossible.
and great steadiness of purpose on the part of the Gov­
ernment. It redounds to the credit of Germany that
T R U N K L IN K K A R N IN G S I N 1894.the work has been brought to what has all the appear­
The appearance this week of the annual report of
ance of a most successful termination without a siDgle
hitch in any particular or at any stage of the proceed­ the Pennsylvania Railroad makes it interesting to com­
ings. The following facts and figures will give the pare its results for the calendar year with those of the
While all
reader an idea of the character and dimensions of the other leading East-and-West trunk lines.
canal. It is from point to point— from Holtenau, a the roads have been subject to much the same condi­
little to the north of Kiel, to Brunsbiittel, on the Elbe— tions, some have felt particular adverse influences and
61 miles. At the surface it is 200 feet wide and at the conditions more severely than others. The lines run­
bottom 85 feet. It has an average depth of 28 feet, ning through the great coal and iron sections in Penn­
deep enough to allow of the easy movement of the lar­ sylvania and further south had to contend of course
gest ships in the German navy. There are double with the depression in those industries, which was par­
locks, 800 feet long and 83 feet wide, both at Kiel and ticularly pronounced, and they likewise suffered from
at the Elbe. There are two fixed bridges— one of them the great strike of the bituminous coal miners. The
known as the Levenston bridge, which has two arches, Hew York Central was favored in that its system does
with a span of 650 feet, the largest yet used in Germany. not extend through the coal and iron belt, lying some­
The lighting is most elaborate. Along the canal, at the what to the north of it. The Etie, being a large car­
distance of every 800 feet, there are two incandescent rier of anthracite, as well as an important trunk line, had
lamps— one on each side. The lights are on poles 12 an additional drawback to contend against in the un­
feet high and are each of 25 candle power.
The satisfactory condition of the anthracite trade. All the
canal, as has been hinted, is intended alike for naval lines found their passenger business reduced through
and commercial purposes. It is expected that it will the absence of the World’s Fair traffic, and the loss
give a great impetus to northern trade, and that not from that source varied of course, accordingly as the
fewer than eighteen hundred ships will in the course of gain in 1893 had been large or small.
In the following we have undertaken to furnish a
the first year make use of the new water-way. The
canal, as we have seen, was begun in 1887. It was to comparison of the gross earnings of these roads for the
be completed in eight years and the contract price was twelve months of 1894 as compared with the twelve
£8,000,000, say $40,000,000. It says much for German months of 1893. We show the earnings for each line
accuracy, business energy and honesty that the work separately and also the totals for each group or system,
has been completed in the specified time, and that the with both the amount and the percentage of decrease.
expense has not exceeded the original estimate. What The Pennsylvania Railroad system (Eastern and Western
a contrast this presents to the Panama business, to the lines combined) sustained a decrease during the year
bungling which characterized the construction and in the sum of over 16^- m llion dollars— $16,526,570;
management of the Manchester cana1 and to most of the Hew York Central has a decrease of not quite five
,
million dollars, but it is rather noteworthy that if we
our public enterprises.
This Baltic canal has one important bearing on the combine it with the other Vanderbilt lines— the Lake
future of Germany not yet more than touched upon. Shore, the Michigan Central, the Hickel Plate and
Alike on the part of the Government and the people, the Cleveland Cincinnati Chicago & St. Louis—the
there is a desire for expansion.
Germany is not big aggregate loss does not fall very greatly below that of
enough for them.
They get out; but they have no the Pennsylvania; that is we get a decrease in the sum
choice other than to make homes for themselves in the of over 14^ million dollars ($14,519,211). For the
land of the stranger.
Relatively to some of the other Baltimore & Ohio system the decrease is about 3^- millgreat Powers they have no colonies.
Colonial expan­ *ion dollars without the Baltimore & Ohio Southwestern



416

THE CHRONICLE.

and nearly 4 million dollars with that line included.
For the Erie the loss has been 4$ million dollars. But
mere amounts of loss do not show much as to how the
roads fared, since the earnings of the different lines
vary so greatly. Hence it is important to have the
percentage of decrease in [each case, and this may be
seen from the following.
-------- G ross E a r n in g s .------- * ,------- D ecrea se.------1893.
A m o u n t.
P er
$
$
Cent,

12 m os.en d ed Dec. 3 1
1894.
Pennsylvania HR.—
$
Lines east of Pittsburg.} 79,333,532
Lines west of Pittsburg. 42,669,468

89,516,994 10,183,462 11-38
49,012,576
6,343,103 12-95

.122,003,000 138,529,570 16,526,570 11-93
41,797,493
46,710,573
4,913,080 10-52
19,557,868
23,685,931
4,128,063 17-39
. 12,700,000
16,178,031
3,478,031 21-49
5,629,239
6,787,748
1,158,509 17-07
. 12,948,140
13,789,668
841,528
610
92,632,740 107,151,951 14,519,211 13-55
Baltimore < Ohio—
fe
Lines east Ohio Bi
16,998,674
18,751,482
1,752,808
9-34
Lines west Ohio Biver. 4,763,234
6,488,678
1,725,444 26-62
21,761,908
6,232,446

25,240,160
6,672,848

3,478,252 13-79
440,402
6-60

27,994,354
24,529,773

Balt. & Ohio Southwest.

31,913,008
29,418,045

3,918,654 12-29
4,888,272 16 62

267,159,867 307,012,574 39,852,707 12-98

I n the foregoing we give the Eastern and the
Western lines separately wherever possible and the
distinction is [an important one, for the table
shows that the Western lines have as a rule sustained
much the heavier losses. This seems at first sight
strange since the depression was especially pronounced
in the manufacturing districts, and there are compara­
tively few of these in the West, while the number in
the East is very extensive. But the Western lines had
to contend with a very large falling off in the passen­
ger traffic.
Many of these Western lines are simply
extensions of the ¡[Eastern lines, and on traffic to the
World's Fair from Eastern points they had a haul their
entire length, thus making the loss in 1894 by reason
of the absence of the Fair traffic very large.
We find that for the] Lake Shore the decrease has
been 17*39 per cent, for the Michigan Central 21*49
per cent, for the Nickel Plate 17*07 per cent and for
the Western lines of the Baltimore & Ohio 26*62 per
cent. As bearing on the part played by the Fair in these
heavy ratios of decline, it is suggestive that on the
Baltimore & Ohio Southwestern— which is a line to St.
Louis, and where [therefore there was no World's Fair
business in 1893— the falling off in 1894 was but 6*60
per cent ; the Cleveland Cincinnati Chicago &
St. Louis also shows but little over 6 per cent decrease.
All the Western roads, we may suppose, suffered from
the falling off in the through shipments of grain on ac­
count of the poor crops.
For the Eastern lines the ratios are much smaller.
The New York Central, as would be expected from the
location of its lines outside the iron and coal sections,
has a smaller percentage of decrease than the Pennsyl­
vania, the figures being 10*52 per cent for the Central
and 11*38 per cent for the Eastern lines of the Pennsyl­
vania. We meet with a surprise, however, in the fact
that the Baltimore & Ohio on its lines east of the Ohio
Biver records a smaller ratio of decrease than either the
Pennsylvania or the Central, namely only 9*34 per
cent. But on the lines west of the Ohio the loss of the
Baltimore & Ohio, as already pointed out, has been
strikingly heavy.
When the Eastern and the Western lines are com­
bined, the various systems show only comparatively
narrow differences in their ratios of decline. The
Pennsylvania, in that case, has done best of all, with a
decrease of only 11*93 per ce n t; still the ratio for the
Baltimore & Ohio is but little higher, being 12 *29 per



Vol. LX1

cent. For the Vanderbilt system the decrease is 13*55
per cent; for the Erie as much as 16*62, the depression
in the anthracite trade being a prominent factor in the
latter instance. In the grand aggregate of all the
roads the decrease is 12*98 per cent. It is to be noted
that the falling off in this aggregate is almost 40 million
dollars, gross earnings for 1894 having been 267 million
dollars and for 1893 307 million dollars.
Coming to the net earnings, the results are on the
whole quite different. There the ratios of decrease are
very small as a rule, owing to the radical way in which
expenses were cut down. The Erie is rather a con­
spicuous exception, its decrease being larger in amount
than that of any other line, and reaching $2,572,317, or
27*14 per cent. For the Nickel Plate, which is com­
paratively speaking a small line, the decrease is $340,513 or 22*83 per cent.
The Lake Shore has lost only
$165,603 or 2*29 per cent in net, the New York Cen­
tral $704,562 or 4*76 per cent, the Pennsylvania's East­
ern lines $1,644,813 or 6*32 per cent, the Pennsyl­
vania's Western lines $1,784,571 or 12*50 per cent, the
Michigan Central $363,239 or 9*34 per cent, the Cleve­
land Cincinnati Chicago & St. Louis $74,320 or 2*21
per cent, and the Baltimore & Ohio Southwestern
$34,394, or 1*47 per cent.
■Net E a rn in g s.-

— D ecrea se.----- ,

12 m os. en d ed D ec. 31—
1894.
1893.
A m o u n t.
P er
Pennsylvania Railroad—
$
$
C ent.
$
Lines east of Pittsburg... 24,371,472 26,016,285 1,644,813
6-32
Lines west of Pittsburg... 12,489,353 14,273,924 1,784,571 12-50
36,860,825 40,290,209 3,429,384
8-51
14,112,789 14,817,351
704,562
4-76
L. Shore & Mich. Southern. 7,055,832
7,221,435
165,603
2-29
3,527,000
3,890,239
363,239
9-34
N. Y. Chicago & St. Louis.... 1,150,698 1,491,211
340,513 22-83
Ciev. Cin. Ohio. & St. Louis. 3,286,660
3,360,930
74,320
2 21
29,132,979 30,781,216
Baltimore & Ohio —
Lines east of Ohio Biver.. 5,691,704
6,219,830
Lines west of Ohio Biver.
717,911
1,453,457
Baltimore & Ohio Southw..

6,409,615
2,306,944

7,673,287
2,341,338

1,648,237

5-35

528,126
8-49
735,516 50-61
1,263,672 16-47
34,394
1-47

8,716,559 10,014,625 1,298,066 12-96
N. Y. Lake Brie & Western. 6,905,376
9,477,693 2,572,317 27-14
81,615,739 90,563,743

8,948,004

9-88

Considering the aggregates for the various systems or
combinations of roads, the Vanderbilt lines show to
the best advantage, their ratio of decline being only
5*35 per cent. For the Pennsylvania system the de­
crease is 8*51 per cent, for the Baltimore & Ohio
combination 12*96 per cent, while poor unfortunate
Erie, as already stated, stands at the foot of the list
with its decrease of 27*14 per cent. The loss for the
trunk lines as a whole is $8,948,004, or 9*88 per cent.
In the gross the decrease was $39,852,707, thus show­
ing that expenses were reduced nearly 31 million
dollars.
D E B T S T A T E M E N T F E B R U A R Y 88, 1895.
The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business February 28, 1895.
IN TE R E ST -B E A R IN G
Title o f Loan.

Int’r’t
Pay’le

Am ount
Issued.

DEBT.
Am ount Outstanding.

Registered.
41£s, F ’n’d L oa n .1891
Continued at 2 p. c.
4s, F’ded L oa n .. 1907
4s, R ef’d’g Certific’s.
5s, Loan o f 1904.......
Aggregate ex cl’d’g
B’ds to Pac. R R .

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

$250,000,000
740,885,650
40,012,750
100,000,000
1,130,898.400

685,043,860

DEBT ON W H IC H IN TER E ST H A S CEASED SINCE M ATU RITY
February 28.
Funded Loan o f 1891. matured Septem ber 2,1891.. $491200 00
«485,300 00
Old debt matured at various dates prior to Janu’
ary 1,1861, and other item s o f debt m atured at
various dates subsequent to January 1,1861........ 1,301,490 *8
1,294,000 26
Aggregate o f debt on which interest has ceased
4’ noe m aturity.............................................................. $1,798,690 36

$1,779,800 26

THE CHRONICLE,

M a r c h 9, 1895.j**3“

D EBT B EARIN G NO IN TER E 8T
$346,681,016
U nited States notes........................... .................
54,847
Old demand n otes ...............................................
National Bank n o te s :
28,155,471
Redemption account.................................
.$15,271,966 42
Fractional currency........................................... .
. 8,375,934 00
Less amount estimated as lost or destroyed.
6,896,032

00
60
00
42

..........$881,787,366 92

Aggregate o f debt bearing no interest.

Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the two
months of the current year are, however, given below and for
purposes of comparison the figures for the corresponding
period of 1894 are also presented.

CERTIFICATES AND NOTES ISSUED ON DEPOSITS OF COIN A N D
LE G A L-TE N D E R N O IE S AND PURCHASES OF SILV E R BULLIO N .
Classification o f Certificates and Notes.

Am ount
Issued.

$80,100 $51,507,769 $51,587,889
7,291,089 325,816,415 333,107,504,
430,000 36,925,000 37,355,000
36,455,457 114,249,700 150,705,157
Aggregate o f certificates......................... $44,256.646 $528,498,884 $572,755,530
REC A P IT U L ATION.
Glassification o f Debt.

Debt on wbich int. has ceased..

February 28,
1895.

January 31,
1895.

$
685,043,860 00
1,779,300 26
381,787,366 92

$
$
684,323,710 00
L 720,150 00
1,792,690 26
D. 13,390 00
382,933,172 92 D. 1,145,806 00

Increase or
Decrease.

Aggregate o f Interest and non­
D. 439,046 00
interest bearing d e b t .............. 1,068,610,527 18 1,069,049,573 18
Certificate and notes offset by
an equal amount o f cash in
572,755,530 00 578,777,914 00 D. 6,022,384 00
Aggregate o f debt, Including
certificates and n otes.............. 1,641.366,057 18 1,647,827,487 18 D. 6,461,430 00
CASH IN T H E TR EA SU R Y .
Gold—Coin.................................................................... $94,065,558 32
B a r s ................................................................. 44,527,721 82-$138,593,280 14
Silver—Dollars............................................................
99
Subsidiary coin ..........................................
16,131,144 55
Bars............................................................. . . . . 124,551,374 21— 508,859,907 76
Paper—Untted States n o te s ...................................
84,69¿,758 05
■T reasury notes o f 1890...................... ................... SQApS,4o7 00
Gold certificates......................................................
_ 80,100 00
7,291,089 00
~ Silver certificates....................................................
"Certificates o f deposit (A ct June 8.1872)..........
430,000 00
National bank n otes ..............................................
5,154,292 61— 134,103,696 66
Other—Bonds, interest and coupons paid, await­
ing reim bursem ent........... .....................................
60.787 52
Minor coin and fractional currency....................
1,245,347 25
Deposits in nat’l bank depositaries—
gen’l a cc’t.. 11,880,738 65
Disbursing officers’ balances...................................
3,342,143 87— 16.534,017 29

Vis
g i.fi

'

Two Months, 1895.
Description.

In the
In
Treasury. Circulation

--------------

417

P ar Value
or Quantity

Actual
Value.

Two Months, 1894.
Aver’ge P a r Value
Price. or Quantity

Actual
Value.

Aver’ge
Trice.

6,267,P37
Stock
$618,737,260 |$373742392 61-2 {
RR. bonds.. $42,527,270 $33,102,018 77-8
$2,629,372 114-2
G ov’t bonds $2,302,900
$637,633 24-3
State bonds $2,628,000
$218,281 156-1
$139,866
Bank stocks

7,692,990
$755.679,770 |$443994806 58*8
$50,807,400 $38,385,572 75-6
$1,001,400
$1,139,463 1138
$2,453,000
$1.300,444 53-0
$75,810
$105,025 138-5

T o t a l.... $666,335,286 $415,329,596 62-3
3,411,500 $94,056,600 $27-57
C otton..bis.
Grain, bush. 183,692,525 $104,797,550 670.

$810,017,380 $484,925,310 599
7,704,700 *306,920,591 $39-84
208,238,702 $128,725,807 61940.

Total value.

1$614,183,746

$920,571,708

The transactions of the Stock Exchange Clearing-House
from February 25, down to and including Friday, March 8,
also the aggregates for January and February in 1895, 1894
and 1893, are given in tabular form below.
8TOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

,— Shares, both sides.—» ,------- Balances, one side.------- , Sheets
Cleared. Total Value, Shares. Value Shares. Cash. Cleared.
1893—
$
9
9

January.. . 28,544,500 2,064,709.000
February.,. 25,108,900 1,744,400,000

3,000,000
2,587,900

210,700,000 3,300,600
172,701,000 3,529,000

6.830
6,151

2 m o s ... 53,653,400 3,809,100,000
1894—
January..,. 18.363.000 1,088,600,000
784,800,000
February,. 12,847,600

5,587,900

383,401,000 6,829,500

12,981

1,354,000
1,035,400

69,100.000 2.041,000
56,200,000 1,396,900

6,835
5,598

2 m o s ... , 31,210,600 1,873,400,000
1895896.200.000
January.. . 13.593.500
762,100,000
February.,. 12,030,600

2,389,400

125,300,000 3,437,900

12,433

1.091.000
997,500

63.700.000 1,483,100
55,000,000 1,133,500

6,434
6,515

2 m o s... . 25,624,100 1,658,300,000

2,083,500

118,700,000 2,616,600

11,949

■
—Shares, both sides.—> --------- Balances, one side------- « Sheets
Cleared. Total Value. Shares. Value Shares. Cash. Cleared.
$
9
9

F eb. 2 5 .., 7 0 2 ,3 0 0
“ 2 9 ... 6 3 2 ,3 0 0
“ 2 7 .. 6 0 9 ,9 0 0
“ 2 8 ... 5 1 8 ,5 0 0
M ar. 1 ... 7 9 5 ,6 0 0

4 0 ,6 0 0 ,0 0 0
3 9 ,1 0 0 ,0 0 0
3 9 ,0 0 0 ,0 0 0
3 2 ,8 0 0 ,0 0 0
5 5 ,1 0 0 ,0 0 0

5 8 ,3 0 0
5 1 ,4 0 0
4 1 ,7 0 0
4 8 ,4 0 0
5 1 ,9 0 0

2 ,9 0 0 ,0 0 0
2 ,7 0 0 ,0 0 0
2 ,1 0 0 ,0 0 0
2 ,6 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0

5 8 ,5 0 0
5 8 ,9 0 0
6 7 ,4 0 0
6 2 ,5 0 0
7 2 ,2 0 0

311
293
302
286
311

Aggregate..............................................
$798.090,901 85
DEMAND L IA B ILITIE S. **
^
Gold certificates......................................................... $51,587,869 00
Silver certificates........................................................ 333,107,504 00
Certificates o f deposit act June 8,1872................ 87,355,000 00
Treasury notes o f 1890.............................................. 150.705,157 00—$572,755,530 00
Fund fo r redemp. o f uncurrent n at’l bank notes
7,503,164 91
Outstanding checks and d ra fts..............................
4,083,801 59
Disbursing officers’ balances................................... 31,232,711 12
A genoy accounts, &o.................................................
4,318.103 11— 47,137,785 78
Gold reserve............................. ... $87,085,511 00
Net cash balance............................ . 91,112,075 12...... ..................... 178,197,583 12

Tot. w k . .3 ,2 8 8 ,5 0 0 2 0 6 ,6 0 0 ,0 0 0
W k la sty r4 ,1 4 0 ,3 0 0 2 1 5 ,0 0 0 ,0 0 0
M ar. 4 ... 9 7 3 ,3 0 0 5 6 ,7 0 0 ,0 0 0
“
5 ...1 ,0 0 1 ,4 0 0 6 4 ,2 0 0 ,0 0 0
“
6 ... 6 9 8 ,6 0 0 4 1 ,2 0 0 ,0 0 0
“
7 ... 5 9 2 ,7 0 0 3 8 ,6 0 0 ,0 0 0
“
8 ...1 ,0 2 0 ,7 0 0 7 8 ,9 0 0 ,0 0 0

2 5 1 ,7 0 0 1 3 ,3 0 0 ,0 0 0 3 1 9 ,5 0 0
3 3 9 ,8 0 0 1 7 ,5 0 0 ,0 0 0 5 8 6 ,5 0 0
6 8 ,6 0 0
3 ,3 0 0 ,0 0 0
7 7 ,2 0 0
7 5 ,4 0 0
3 ,9 0 0 ,0 0 0
7 9 ,7 0 0
5 6 ,0 0 0
2 ,8 0 0 ,0 0 0
5 9 ,1 0 0
4 7 ,3 0 0
2 ,7 0 0 ,0 0 0
4 3 ,8 0 0
7 4 ,1 0 0
5 ,2 0 0 ,0 0 0 1 5 4 ,9 0 0

1 ,5 0 3
1 ,5 1 4
310
319
300
289
304

Tot. w k .. 4 ,2 8 6 ,7 0 0 2 7 9 ,6 0 0 ,0 0 0
W k la sty r5 ,4 7 9 ,2 0 0 3 9 2 ,3 4 1 ,0 0 0

3 2 1 ,4 0 0 1 7 ,9 0 0 ,0 0 0 4 1 4 ,7 0 0
4 1 2 ,9 0 0 2 5 ,3 0 0 ,0 0 0 7 4 2 ,2 0 0

1 ,5 2 2
1 ,6 4 6

A ggregate........................................................................................... $798,090,901 85
Cash balance in the Treasury January 31.1895...............................$144,603,304 19
Cash balance in the Treasury February 28,1895.............................. 178,197,588 12

The stocks cleared now are American Cotton Oil comm< n
American Sugar common, Atchison, Central of N. J., Chicago
Burlington A Quincy, Chicago Gas, Chicago Milwaukee & St.
Paul common, Chicago & Northwestern common, Chicago
Rock Island & Pacific, Delaware & Hudson, Delaware Lack­
awanna & Western, Distilling & Cattle Feeding, General
Electric, Lake Shore & Michigan Southern, Louisville A
Nashville, Manhattan, Missouri Pacific, New York Central,
New Y. L. E. & west., North. Pac. pref., National Lead
common, Phila. & Read., Un., Pac., U. S. Cordage com ­
mon and preferred and Western Union.

Increase during the m on th ,... ...................... ....................................$33,594,281 93
BONDS ISSUED IN A ID OF PACIFIC R A IL R O A D S._________
Name
Sf Railway.

Oen. Pacific.
Kan. Pacific.
Uni’n Pacific
Gen. Br. U.P.
Wes»- Pacific
Sioux C. & P.

In t. repaid by Companies. Balanct
Interest
Principal
Interest
accrued
of Inter’st
Out­
paid by B y Trans­ By cash payand not
m’ts; 5 p. c. paid by
standing.
the O. S. portation
yet paid.
net earnings. the Ü.
Service.
$
25,885,120
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320

Totals........ 64,62b. 512

%
41,318,952
10,478.403
43,751,044
2,653,808
8,027,936
2,587,838

$
7,272,053
4,384,341
14,716,811
625,779
9,367
228,505

$
$
658,283 33,388,616
6,094,082
438,410 28,595,723
6,927 2,021,102
.............. 3,018,568
2,359,334

646.235 103817981

27,236,956

1,103,620 75.477.405

$
258,851
63,080
272,365
16,000
19.706
16.283

Clearings by felegrapb.—Sales o f Stocks, Bonds, &c.—
Stock Exchange Clearing-House Transactions.—The sub­
joined statement, covering the clearings for the current week,
is usually given on the first page of the C h r o n ic l e , but
on account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1894 there is an increase in the ag­
gregate of 9*1 per cent. So far as the individual cities are
concerned we find that New York exhibits an excess of 6’5
per cent, and the gains at other points are, Boston 8’5 per
cent, Philadelphia 28-5 per cent, Chicago 13 2 per cent, and
St. Louis 7*7 per cent. Baltimore records a loss of 12'5 per
cent and New Orleans 9’4 per cent.
CLEARINGS.
Returns by Telegraph.

Week Ending March 9.
1895.

1894.

P er Cent.

N ew Y o r k ...................... ..........
B o s t o n ........................................
P hiladelphia............ ................
B a ltim o r e ............ ....................
C h ica g o .......................................
St. L o n i s ....................................
N ew Orleans.......... .

$427,702,966
71,490,573
51,657,628
9,877,803
76,188,371
20,214,479
7,642,300

$101,628,384
65,913,378
41,852,666
1,290,254
67,302,372
18,773,000
8,439,523

+ 65
-1- 8-5
+23-5
—12-5.
+13-2
+ 7-7
- 9-4

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

$664,773,620
127,413,298

$615,199,577
116,073,294

+ 8-1
+ 9'8

T otal aU cities, 5 d a y s___
AU cities, 1 d a y ......... ..............

$792,186,918
161,908,236

$731,272,871
145,788,495

-1- 8-3
+13-1

Total aU cities fo r w e e k ..

$957,095,154

$877,061,366

+ 9-1




[F r o m o u r o w n c o r r e s p o n d e n t.]

L o n d o n , Saturday, Feb. 23, 1895,
On Wednesday morning the new United States loan was
brought out here by Messrs. N. M. Rothschild Sc Sous and
Messrs. J. S. Morgan & Co., and the subscription list was
closed two hours after it had been opened. The rush of ap­
plicants was very great—so great that to keep order and en­
able clerks to come in and go out members of the police force
had to be employed by the issuing houses. When the list
was closed applications were still pouring in from the coun­
try districts and from the Continent, and it is certain that in
another hour or two the applications would have been
doubled. As it was, it is understood that the loan was cov­
ered twenty times over. The general estimate in the money
market is that about 4 millions sterling were paid in to the
account of the.two issuing houses by the applicants. Every
effort is being made to get through the necessary work and
to make the allotments as soon as possible. But of course
some time is required, and while the money is locked up the
supplies in the open market are so much reduced that the
discount houses have found it necessary to raise the rate they
allow on deposits from % per cent to %. per cent, and the
rates of both interest and discount have decidedly risen. The
advance has been accentuated by the large collections of the
revenue which are now going on. The rise in London has
led to some advance both in Paris and Berlin ; but it is not
probable that the present quotations will be maintained after
the middle of next month.

418

THE CHE0N1CLE.

The bimetallist debate in the German Reichstag at the end
o f last w?ek has stimulated a very active speculation in silver
securities here. The best opinion is that even if an Interna­
tional Conference meets it will fail, as all previous conferences
have dons. But many persons think that if Germany really
wishes to bring about an arrangemsnt she will be able to do
so, even though our own Government will certainly refuse to
make any change in its monetary system. The price of silver
rose at one time to 27%d. per ounce but has rather fallen
back since. There was a considerable rise, too, in rupee
paper and other silver securities, but it has not been main­
tained. While the speculation was going on the Indian ex­
changes all advanced. The India Council was able to sell by
private contract about 70 lakhs of rupees at very good prices
considering all the circumstances. On Wednesday it also
offered 60 lakhs for public tender, and disposed of the whole
amount at from Is. Id. to Is. 1 l-16d. per rupee; but in this
case, as the applications little more than covered the amount
offered for tender the result was considered unsatisfactory in
the market. The exchange has since somewhat receded and
the speculation has eased off.
On the Stock Exchange business has been exceedingly dull
all through the week. The main influence, no doubt, is the
uncertainty respecting the United States currency. Every
one is waiting to see what the new Congress will do. If it
legislates wisely there is every prospect of an exceedingly
active and large investment in American railroad securities
here. The applications for the new loan prove not only that
there is an immense amount o f unemployed money waiting
for investment, which was well known before, but also that
the belief in the soundness of the United States and in its con­
tinued growth and prosperity is as great as ever. Investors
have been rendered uneasy by the policy of Congress. If that
policy is changed there is no doubt that it will be felc as a
great relief here and that investment in the United States
upon a very extensive scale will begin again.
Another adverse influence is the unwise conduct of the
Egyptian Khedive. Those who know him well describe him
as at once impetuous and weak, susceptible to the influence of
court favorites and not stopping to consider the consequences
o f his acts. Just now he is believed to be trying to get rid of
the Ministry, of which Nubar Pasha is head, a ministry that
has the full confidence of our own Government and which is
honestly working for the welfare of Egypt. The tension be­
tween the Khedive and Lord Cromer, it is feared, may lead to
distuibances ; indeed, it is reported that already attacks upon
Europeans are very numerous. The matter will be settled
easily enough if France does not actively support the Khedive.
Our own Government is strongly supported by the German,
Austrian and Italian governments, and it is believed that the
new Czar is eager to avoid all unpleasantness in Egypt.
A third cause of uneasiness is the state of Turkey. The
Armenian troubles have lasted ¡a good while and are ¿well
known; but unfortunately the Mohammedans are nearly as
much discontented as the Christians, and apprehension is
growing on account of that. All these influences combined
have stepped speculation for the time being. Even in the
South African department there is dullness; in almost every
other market there is complete stagnation. Large numbers of
loans and companies that are fully prepared are held back,
and everywhere there is an absence of enterprise. The news
from Australia continues unfavorable. The reconstructed
vanks are losing ground. The sworn returns made by them
5the Government at the end of December show that several
(them are losing both deposits bearing interest and current
scounts, while on the other hand the three banks that
eathered the storm are gaining in strength, especially their
drrent accounts are rapidly increasing. A t Buenos Ayres
there has been a rise in the gold premium, which has caused
some suxprise here, as at this season exports ought to be large
and the premium ought to be declining. The rise is generally
believed t© be the result of a renewal of politica disquietude.
It is reported and contradicted that two of the Ministers are
out of harmony with their colleagues and are about to resign
On Thursday reports were circulating throughout London
that the motion to be made that evening by Sir Henry James
for an inquiry into the imposition of the cotton duties in India
would lead to the overthrow of the Government. There is no
doubt that the danger at one time was very great; but upon
consideration the leaders of the Conservative party decided to
vote with the Government. Mr. Balfour was absent from the




fVoL, LX.

House through illness, but Mr. Goschen appealed to the Conervatives generally to act quite independent of party and to
support the Government. It is notorious that the feeling o f
all classes in India, whether European or native, is strongly in
favor of the cotton import duties, and a vote of the House o f
Commons condemning the duties would be regarded in India
as passed in the interests of Lancashire and against India.
There was a very large majority for the Government, which,
it is expected, will strengthen it for the remainder of the ses­
sion, and will probably take the heart out of the agitation in
Lancashire.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years:
1895.
1894.
1893.
1892
Feb. 20.
Feb. 31.
Ftb. 33.
Feb. 24.
£
£
£
£
Circulation............. ...
24,629,095 23.948,070 24,511,490 24,590,55 5
Public d e p o sits...,............... .
9,317,262
9,501,883
8.271,737
9,702,036
Other deposits................... ,,,
32,449,237 27,836,028 23,909,734 28,078,745
Sovernm ent securities................ 12,478,488
8,933,583 11,227,252 10 5 >6 137
Other securities........................... 17,833,649 24,083,911 25,023,936 28 759 815
Reserve o f notes and coin.......... 29,673,083 22,601 698 19,176,014 18,719,759
Coin & bullion, both departm’ts 37,502,178 29,749,763 27,237,504 24,860,314
Prop, reserve to liabilities, .p. c. 70 11-16
60 3-16
51 5-16
44 1-16
Bank rate ......................per cent.
2
2*
3
2%
Consols, 2% per cen t.................... 104 11-16
99 9-16
98 11-16
95 15-16
Silver..............................................
27%d.+
28^d.
38 5-13d.
41 9-16d.
Clearing-Housereturns........... 153,788,000 121,308,000 122,368,000 120,665,000
* February 22.

+ February 21.

Messrs. Pixley & Abb ell write as follows under date o f
February 22 :
Gold.—While there is no ehanee at present of any arrivals reaching
the Bank, the demand has only permitted of a small premium. The
feature of the past week has been the shipment to NewYork of about
£1,500,000 (including to-morrow’ s steamers) in bars and eagles. The
purchase of the latter we alluded to a fortnight baok. During the
week £21,000 has reached the Bank, and £ lc0 ,0 0 0 was withdrawn
yesterday, of which £300,000 goe * to Rio and the River Plate. Arriv­
a ls : Bombay, £82,000; South Afrioa, £95,030; West Indies, £77,000:
total, £254,o00. Shipments to Bombay, Feb. 22, £2,50).
Silver.—Acted upon by the persistent purchasing of silver securi­
ties, which influenced rupee Daper and Eastern exchange, silver rose
from 27*i.d to 27Hifd.; at this rate America was rather a heavy
seller, and a slight reaction ensued. The market closes steady at
27‘'ied. Arrivals: New York, £94,000; West Indies, £9,000; Chili,
£ 16,000; total, £149,000. Shipments to Bombay, £79,000.
Mexican Dollars.—In these coin the last rate bid is 27%d., at which
the market is firm.

The following shows the imports of cereal produce into the
United Kingdom during the first twenty-five weeks of the
season compared with previous seasons :
IMPORTS.

1894-5.
1893-4.
1892-3
1891-2.
Importsof wheat.cwt.32,509,166 / 28,783,463 31,363,031 37,191,134
Barley.......................... 15,608,934 16,907.185
9,405,613 11,991,823
Oats............................. 7,534,137
6.740,833
6,324,777 7,341.507
P e a s ............................ 1,293,539
1,420,931
1,263,659 1,691,168
Beans........................... 2,336,382
2,568,628
2,316.095 1.883.456
Indian Corn............... 12,161,614 15,256,153 13,985.897 12.050,731
Flour.......................... 9,576,630
9,396,241 10,550,617 9,112,425

Supplies available for consumption (exclusive of stocks on
September 1):
1894-5.
1893-4.
1892-3.
1891-2.
Wheat imported.cwt.32,509,166 28,788,463 31,363,051 37,191,134
Imports of flour........ 9,576,630
9,396,241 10,550,617
9,112,425
Sales of home-grown. 10,920,453 12,501,133 13,815,602 16,438,016
Total..................... 53,006,249 50,685,812 53,729,270 62,741,575
1894-5.
1893-4.
1892-3.
1891-2.
Aver, price wheatweek.l9s;10d.
24s. lOd.
25s. 7d.
32s. I d .
Average price, season.. 19s. 9d. 26s. 7d.
27s. 41.
36s. 2 d .

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
W h ea t................qrs.
Flour, equal to qrs.
Maize................... qrs.

This week.
Last week.
3,204,000 3,062,000
261,000
253,000
352,000
411,000

1894.
2,442,000
389,000
554.000

1893
2,703.000
404,000
303,000

E n g lish F in a n c ia l .M arR ets—Per C able.

Tbe daily closing quotations for securities, &c., at London
are reported by cable as follows for the week ending Mar. 8 :
London.
Silver, per o z ..................
Consols, new, 2% p. cts.
For account................
Fr*ch rentes (in Paris)fr.
T H 4 r of 1907 ............
T
Ateh. Top. & S. Fe. com.
Canadian Pacific............
Chic. Milw. & St. Paul..
Illinois Central..............
Lake Shore.....................
Louisville & Nashville..
Mexican Central 4s— .
N. Y. Central & Hudson
N. Y. Lake Erie & West.
2d eonsols....................
Norfolk & West’n, pref.
Northern Pacific, pref..
Pennsylvania................
Phil. & Read., per share
Union Pacific.................
Wabash, pref..................

Sat.

Mon.

Tv.es.

Wed.

27U16 2 7 n le 27Uie
1043a
10474
I 0 4 q e 1049la
10471« 1 0 4 % 104% 10411, *
103-53 03-47% 103-55 03-52%
27 ®
8

4

4

44 38
55%
86%
1387a
50
58
98%
83g
57

43%
5572
85%
138%
485s
58
93%
8%
56%

13%
5078
47
8
9
13

1378
50%
4%
3 7S
13

4
41%

4%
40 ¡>
g

Thurs.

Fri.

275s

275s

104U ifi 104 H ia

1 0 4 '3i 6 104il,6
03-72% 03-72%
4

55%
86
138%
493s
58%
99
85g
567a

56%
86%
139%
50%
58%
99
9
58%

39 7s
56
96
139
4978
58%
97%
8%
58

1458
505s
43a

14%
5078
438
95»
13%

14%
507b
4
9%
13

973

13

4
3958
56%
86%
139
50
58%
97%
85s
58
14%
51
4
933

13

THE CHH0N1CLE.

M a b c h 9, 1895.]

©uttxnxexxialaixd HEUscjeHatxfccws Utews
N a t io n a l B a n k s . —The following Information regarding
national banks is from the Treasury Department:

419

the coinage at the Mints of the United States during the month
of February and the two months of 1895.
February.

Denomination.

Pieces.

NATIONAL BANK ORGANIZED.

The M elina National Bank, Medina, N. Y. Capital, $10,000.
Karl W. Card, President; Burt D. Timmerman, Cashier.
Oouble eagles..
4.987— The First National Bank of Claremore, Indiaa Ter.
Ca pital,
Eagles.............
$50,000. W. E. Halsell, President; C. F. Godbey, Cashier.
Sail eagles.....
CORPORATE EXISTENCE EXTENDED.
Three dollars...
Quarter eagles.
2.228— The Farmers’ National Bank of .York, Pennsylvania, until Feb.
Dollars..............
25,1915.
2,244—The Sharon National Bank, Sharon, Pa., until Feb. 26, 1915.
2.229— The National Bank of Haverstraw, New York, until Feb. 27, Total g old .
1915.
Silver Dollars...
2,234—The Citizens’ National Bank of Munoie, Indiana, until Feb. 27
*ïalf dollars.......
1915.
2,240—The Second National Bank of Nashua, New Hampshire,unti i Quarter dollars.
Dimes.................
March 1,1915.

Two Months.

Value.

Pieces.

Value.

4.986—

250.280
49,250
129,140

428,670

For Week.

1893.

1892.

Dry Goods.......
Den 1 mer’dise.

$2,944,121
9,167,495

1894.

1895.

$3,511,210
12,234,308

$1,648,522
9,304,603

$3,807,914
8,212,950

$96,174,377 Sll6,773,167

$71,696,322

$90,106,375

6,143,800

200,000

468.000
228.000

200,000
234,000
57,000

896.000

491,000

903.000
1,190,000

45,400
11,900

1.348.000
5.310.000

67,400
53,100

2,098,000

57,300

6,658,000

120,500

3,422,670

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
Total silver.
the imports at New York for the week ending for dry goods Five cents.
Feb. 28 and for the week ending for general merchandise One cen t...
March 1 ; also totals since the beginning o f the first week in
Total m in or. . . . . . .
January,
Total coin a ge......
FOREIGN IMPORTS AT NEW YORK.

5,005,600
492,500
645,700

6,692,100

341,280 6,825,600
79,250
792,500
444,800 2,224,000

865,330 9,842,100
400.000
862.000
916,010
50,000

400.000
431.000
229.000
5,000

2,228,000 1,065,000

9,751.330 11,027,600

C h a n g es in L e g a l T en d e r s a n d N a t io n a l B a n k N otes t o
M a r c h 1.—The Comptroller of the Currency has furnished

us the following, showing the amounts of national bank
notes February 1, together with the amounts outstanding
Total.......... $12,111,617 $15,745,518 $10,953,125 $12,020,864 March 1, and the increase or decrease during the month;
S ince J a n . 1.
also the changes in legal tenders held for the redemption of
Dry Goods....... $27,412,001 $32,372,353 $17,332,027 $31,625,289 bank notes up to March 1.
Gen’l mer’dise
08,762,373
84,400,814
54,364,293
58,481,086
Total 8 weeks.

The imports of dry goods for one week later will be found
in our report of the dry goods traded
The following is a statement of the exports (exclusive oi
specie) from the port of New York to foreign ports for the
week ending March 5 and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.

1892.
For the week..
Prev. reported.

j

1893.

1894.

$7,230,5301 $5,690,410
$67,583,763
52,097,588

1895.

$8,216,547
57,332,403

$5,719,401
54,516,899

national B ank Notes—

Amount oatstanding February 1,1895.
Amount issued during February.............
Amount retired daring February............

$1,158,740
1,412,290

Amount outstanding March 1,1895*........
Legal Tender Notes—
vmount on deposit to redeem national bank
notes February 1,1895................................
Amount deposited during February.......... .
Amt. reissued & bank notes retired in Feb

$205,205,944
253,550
$204,952,394

$347,927
1,412,290

$29,531,695
1,064,363

Amount on deposit to redeem national bank
notes March 1,1 89 5 .................................... .

$28,467,332
‘ Circulation of National Gold Banks, not included in above, $91,257

According to the above the amount of legal tenders on
deposit March 1 with the Treasurer of the United States to
The following table shows the exports and imports of specie redeem national bank notes was $28,467,332. The portion of
at the port of New York for the week ending March 2 and since this deposit made (1) by banks becoming insolvent, (2) by
January 1,1895, and for the corresponding periods in 1894 banks going into voluntary liquidation, and (3) by banks
reducing or retiring their circulation, was as follows on the
and 1898:
first of each o f the last five months:
Total 8 weeks. $74,814,293 $57,787,998 $65,548,950

$60,236,300

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Exports.

Gold,

Week.
Great Britain............
France........................
Germany....................
West Indies...............
M exico.......................
Booth America..........
All other countries..
Total 1895..........
Total 1894..........
Total 1893..........
Silver.

$ ............
............
46,000

Imports.

Since Jan. \.

Week.

Since Jan. 1

$8,008,800 $3,333,553 $4,642,492
11,916,400
560,078
5,772,036
987,900
1,044,642
607,600
600
9,821
10,959
265,112
14,650
88,788
253,000
11,185

$46,000 $26,822,948 $4,336,703 $6,367,965
1,786,412
5,557,075
459,051
2,215,706
673.080 26,382.648
6,035
176,754
Exports.
Imports.
Week.

Since Jan. 1.

Great Britain............
France.......................
Germany....................
West Indies...............
M exico.......................
Booth America..........
Ail other countries..

$615,500 $5,060,590

Total 1895........
lo t a l 1894.........
Total 1893..........

$633,748 $5,174,277
807,074
7,448,346
622,585
5,072,974

'■“ 468

4,098
74,078

17,280
500

27,730
7,781

Week.

Since Jan. 1.

$ ............
"2 .475
20,335
1,013
$23,823
2,122
595,924

Deposits by—

Dec. 1.

Jan. 1.

G ov e r n m e n t R e v e n u e a n d E x p e n d it 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 Government
receipts and disbursements for the month of Februaiy. 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 1894-95 and 1893-94.
r e c e ip t s

(0 0 0 s o m itte d ).

1894-95,

1893-94.

N.Bk.
Cus­
Inter’i Red’p. Mise'l lota l.
toms. Rev’ut Fund. S'rcts

$213,978
247,355
1,492,406

~ f~ ~ r

«

~ r

8,427 25,200
888 1,182 85,097
11,805 27,562
633 1,051 41,051
15,565 6,182 1,596
874 24,217
11,962 6,493 1,829
684 20,968
10,261 7,774| 2,481 1,87« 21,892
11,644 8,950 1,241 2,393 24,238
17,006 9,117 1,100 1.875 29,698
13,835 8,860
213
693 23,101

8 m o s „ 100,605 100,138 9,981 10,183 220,857
d is b u r s e m e n t s

Cus­
toms.

$

Currency 6s.....................
2 per c e n t s . . . . .. . . . . . . . ..
4 Der cents____________
5 per c e n t s .......... . . . . .

Bank
Circulation.

Total Held.

$1,192.000
1,033,000
12,168,000
525,000

$12,185,000
22,795,700
151,824,650
10,310,850

$13,377,000
23,828,700
163,992,650
10,835.850

Total...........................
C o in a g e

by

$0.4,918,000 $197,116,200
$212,034,200
U n it e d S t a t e s M in t s .— The following state­

ment, kindly furnished us by the Director o f the Mint, shows



Ordìnary.
8

8

8

O c t....
N o v ....
D e o ....
Jan......

Feb....

16,466
15,519
14,695
17,381
11,795

11,053 5,194
12,032
926
12,330
110
10,054 7,088
12,380 1.521

$

8
120
160
707
1,065
1,039
3,032
2,744

$
1,533
1,183
544
817
1,707
2,141
2,840
828

31,02
24,05
25,290
25,613
25,019
26,834
27,03«

92,658 94,024 11,365 11,593 209.64

(0 0 0 b o m itte d .)
1893-94.

N.Bk.
PenIn- Red’p. Total.
sions. terest. E'und.

July.... 16,732 12,902 7,014
Aug... 19,410 11,335 912
Sept.... 17,411 12,590 322

N.Bk.
Inter’l Red’p. Mise Total.
Rev’ ue Fund. 1(Trees

14,684 14,689
12,145 10,563
12,570 11,469
11,000 12,730
10,219 12,054
9,213 12.443
12,437 9,015
10,390 11,050

1894-95.

U. S. Bonds Held Feb. 28,1895, to Secure—
Public Deposits
in Banks.

March 1.

* Act of June 20,1874, and July 12,1882.

Inly....
Aug....
Of the above imports for the week in 1895 $1,912,095 were Sept...,
American gold coin and $480 American silver coin. Of the Oct...,
exports during the same time $46,000 were American gold Nov...,
coin.
Dec....
Jan.....
B onds H e l d b y N a t io n a l B a n k s . —The following interest ■ Feb....

Description o f Bonds.

Feb. 1.

$
$
$
$
$
(nsolv’t bks.. 1,278,920 1,233,323 1,211,543 1,149,263 1,085,143
Liquid’g bks.. 5,248,217 5,280,483 5,259,959 5,188,830 5,138,095
Red’o’g undr.
aot of ’74..* 21,544,102 23,006,945 23,374,685 23,193,602 22,244,094
Total.......... 2«,071,239 29,520,751 29,846,187 29,531,695 28,467,332

$40,730
1,900
1,380
16,262
94,451
54,233
5,022

ing statement, furnished by the Comptroller of the Currency»
shows the amount of each class of bonds held against nationa 1
bank circulation and to secure public moneys in national bank
depositaries on February 28.

Nov. 1.

8
942
710
770
726
1,157
1,113
1,414
1,359

8
37,590
32,373
31,093
33.439
29,634
28,248
35,937
27,055

Ordìnary.

N.Bk*
P en In sions. terest Fwid.

8
17,791
21,042
14,493
16,667
16,003
16,022
15,157
14,937

8
14,758
11,200
10,787
10,340
12,330
13,773
8,990
11,529

8
8
8
7,127
418 40,094
291 33,596
397
198
220 25,698
2,582
496 30,035
2,909 1,382 32,684
231
909 30,995
7,157 1,178 32,48
280 1,097 27,823

8 m os.. 129,409 94,076 23,087 8,197J255,309 132,772 93.779 20.861 6,051 253.463

Voi.. LX,

THE CHRONICLE.

420

—Mr. Johnston Livingston, chairman of the Northern Pa­
cific second mortgage bondholders’ committee, having been
made a party defendant in the foreclosure suit, the commit­
tee advises holders of these bonds that they are now for the
first time represented by a person acting solely in their inter­
ests. The committee calls attention to Judge Jenkins’s state­
ment that the Adams committee stands in the same plight
with the complainant trustee under all the mortgages, and
that its interest under the second and other mortgages might
Rye.
Barley.
Oats.
Com.
Wheat.
Hour.
Receipts at—
be subordinated to its larger interests under the consolidated
Bu.ee lbBbls.ieeibs Bush.60 lbs Rush.bO lbs Bush.32 lbs Bush.i8 lbs
mortgage. The Livingston committee’s depository is the New
41,923
347,451
1,119,773
65,913 1,012,596
65.020
Y ork Security & Trust Company.
Chicago........
76,800
135,000
44,200
111,800
30,000
Milwaukee...
— Bankers and investors desiring reports on earnings, man­
553
7,064
832,813
4,á80
Duluth.. ...
agement, &c , of investment properties are referred to the
44,316
718,680
Minneapolis.
card of Mr. Jos. O. Osgood, M. Am. Soc. C. E , which ap­
600
8,800
241,700
57,000
1,182
Toledo..........
5,532
pears in the C h r o n ic l e and also in our S t r e e t R a i l w a y
46,920
64,629
43,388
4,900
Detroit.........
14,525
30,186
Su p p l e m e n t . Mr. Osgood makes these reports an especial
88,250
65,574
10.020
Cleveland....
4,200 feature of his business, and would be glad to communicate with
58,500
112,420
269,440
. 18,197
17,145
St. Louis.......
2,400
65,100
344,300
351,650
13,800
7,200
those desiring services of this nature.
Peoria...........
9,599
833
Kansas City.
— The Reorganization Committee of the Equitable Mort­
65,923 gage Company give notice tb it the securities of the Equitable
569,001
1,829,463
139,947 1,957,998 2,076,379
Tot.wk, ’95.
45,090
547,316
1,812,336 3,878,965 2,148,188
181,306
dame wk,’94.
Securities Company (the new company) are now ready for
80,841
733,259
181,465 2,823,921 2,864,163 2,094,196
Same wk,’93.
delivery at the New York Security & Trust Company.
Since Aug. 1.
—Messrs. Redmond, Kerr & Co. offer to investors a selection
7,810,137 114,398,747 52,048,993 56,680,974 27,776,928 1,825,370
1894-95......
7.918,690 118.848,906 105,124,424 76,081,509 24,408,482 2,538,603 of railroad and other securities, bearing from 4 to 7 per cent
1893-94.....
8.551,779 186,426,593 80,570,476 72,242,978 24,893,097 6,100,641 interest, as advertised in another column.
1892-03......
—The subscriptions for the Huntingdon & Broad Top ex­
The receipts of flour and grain at the seaboard ports for the
tended bonds, opened in Philadelphia on Monday last, closed
week ended March 2, 1895. follow:
the next day, the bonds being all taken._____________________
Bye,
Barley
Oats,
Com,
Wheat,
Breadstuff» F igu res

B rou ght

F rom

P age

4 4 4 . —The

statements below are 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 tb e
comparative movement for the week ending M * rci2 , 18-5
and since August 1, for each of the last three vejjrs:

W eek 1894...

bbls.
. 142,001
. 56,941

bush.
137,854
78,314

11.939
27,540
117,365
302

bush.
291,900
101,080
20,790
77.373
32,520
2,534
38,460

41.630
222,650
4.600
25,200

83,048
64,966
1,220
7,767

861,823
. 333,456

614.327
602.417

373,314
104,505

bush.
98,900
5,655
7,950
69,600

564,657
397,307

bush.
116,000
201,317

.
.

I [Receipts at—

182,105
84,654

bush.

6,105
2,732

Receipt» of—
f l o u r ................. obis

1895.
2,380.810

1894.
2,933,101

1893.
2,698,311

1892.
3,300,605

W h ea t
...... hush
C orn ...........................
O a ts...........................
B arley........................

2,924.883
4,809,345
4,390,395
806,731
72,387

2.516,750
14,892,365
4.5L3.245
1,158,566
30.4U5

6,066,316
7,402,009
5,767,255
1,612,742
122,904

13,429,670
32,657,418
9,000,722
1,819,927
1,265.921

. 12,603,741

23,111,330

20.871.226

68,073,658

The exports from the several seaboard ports for the week
ending March 2, 1895, are shown in the annexed statement:
W

®

Export* f r o m New Y ork ..................
B oston........................
...................................
P ortla n d .................

__
Com.
bush.
56,469
112,814
o . 07«
84 284

Wheat.
bui/i.
$“ •!§§
"".
.... . » a *
m a il

bS Î I Â

. .::::::::
.................................

N orfolk.
110,800
Newport Newa.
M ontreal..........
■irpntnlweek ........ 1,218.601

2 t§
f
51’4¿g
93,857
686,614

ISIttafisoi::::. 9 4
3 .‘4io m m

-rxi___
Flour.
bbls.
116,193
30,014
3,428
25,736
74,600
652
8,077
54,496

An4o
Oats.
bush.
7,073

313,193
262,963

Fu
?o >
Rye.
bush.

7,091
2,818

Pa
Peas.
bush.
7,225

‘ 65,281
18

‘Total ..........
« ¿ t e l 1894..........

52 604
3 6,877

-Oorn.Week Since Sept.
Mar. 2.
1,1894.
bush.
6,878,311
2,564,14»
122,682
250,300
37,741
20,241
686 614 9 873,424
1,283,146230.112,34«

313,198
262,963

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, March 2,1895, was as follows:
Wheat,
I n »tore at—

i« o non

H IM

Chicago . ............... 25,264,000
** S T
afloa t........ 1.437.000
M ilwaukee................ 656,000
Do
afloat . . . .
• •- va
•
tYnlritta
.................. I0«75o,vUU
D Do
a floa t........
85,000
.. ............ 2,687,000
Toledo
T Do
afloat........ 299,000
D etroit • . . . . . . . . 1,318,000
D e tro it..
357,000

9t.L^u:::::...3,894.000
Do

afloat........

'22000

Com,
bush.
413.000
‘ 25,000
135.000
684.000
5.028.000
1.673.000




iòi'ooó

Barley,
bush.
63.000
358.000
13.000
510.000
41.000
29.000

Rye,
bush.
'84.000
*58,000

" 7,000

*83,000

1,000

582.000

" 3,000

*87,000

926,000

’ 15,000

‘*7,000

Ì26*,Ò
*0Ó

iB
'.ooo

8,000

2 Ì8 0
,8 Ì0 0

486,()0Ó

2,000

31,000
243.000

ièV.tfoó

10,000
10,000

13.676.000
12.969.000
19.106.000
15,594,000
11,051,297

183.000
16,000
170.000
249.000
327.000
85,000
265.000
247.000
678.000

5,000

38,000
9,000

2 o
,'d ó
7,000
26,000
46,000

A sk.

Christ’p’r& lO th St.—Stk. 148 152103
1st mort., 1 8 9 8 __ A & O 105
D. D. K. B. & B at’y —Stk. 163 166
1st, gold, 5s, 1932.J& D «114 4 115 4
S e r lp ................................ «103 104*9
E ighth A venue—S tock . . . 300
Scrip, 6s, 1 9 1 4 .............. 103
42d& Or. St. Fer.—S tock 3 2 » 330
60
58
42d St.& M an.& 8t.N .A v.
1st m ort. 6s, 1910.M &S «112
60**
67
2d m ort, incom e 6s .J & J
6»« 7
L ong Island T ra ction —
98
M etropolitan T raotion. . .
97
Ninth A venu e—S to c k ... 146
Seoond A venue—S to c k .. 148 153**
lstm ort.,5% 1909.M & N 107*3 109
Debenture o s ,190». J& J 103 104%
210 215
Sixth A ven u e—S to ck —
Thixa A venu e—S t o c k ... 158 160
1st m ort., 5s, 1987. J& J 118 119
Tw enty-T hird St.—St’k . 300
Deb. 5s, 1903................. 100 105
106
U nion B y—S t o c k ............
1st 5s, 1 9 4 2 ....... ............ 105*9 107*«
W estohest’r, 1st,gu.,5s. 100 102

« A n d accrued interest.

B rooklyn G as-L ight....... .
Central.................. - —
Consumers' (Jersey C ity).
B ond s................................
Citizens' (B ro o k ly n ).........
Jersey C ity & H o b o k e n ..
M etropolitan—B on d s........
M utual (N . Y ......................
Nassau (B ro o k ly n )...........
Scrip..................... -- ----N . Y . & East K iv. l s t 5s..

Bid. Ask.
130
175
70

124
67
95

100
62

Ì90*
108
152

200
100
83

84

G A S C O M P A N IE S .

B id.

People’ s (B rook lyn ).......... 85
Peoples’ (Jersey C ity )— 170
M etropolitan (B rook lyn ). 165
W illiam sburg . . . . . ---------- 190
106
F ulton M u nicipal.............. 170
105
181
Bonds, 6s, 1899 ............. 106
Standard p re f. . . . . ----- . . . 89
Common...........................- 37

A sk.

17Ó "
108 '
175
183
9 Í”
38

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. :
Shares•
!
Bonds.
30 Home Insurance Co.........143*e $25,000 Leh. & Wilkesb. Cowl
20 Washington Trust C o.......193*9 ^ C o n s . 7s, ^ 0 0 . ..^ ..^ 1 0 6 %
I impt. mtge., 1897................ 103

By Messrs. Adrian H. Muller & Sou:
Shares•
8 Ninth National Bank....1 21
13 Sixth Avenue RB. Co....2 2 0
7 N. Y. Produce Ex. Bank.125
16 Knickerbocker Tr. C o...160
1,188 Silver Lake Ry. Co---- 102
22 Merchants’ Nat. B ank... 130%
20 Wallabout Bk. of B’klyn.100
100 William Cramp & Sons
Ship & Engine B’ldg Co. 85
47 Sixth Avenue RR. Co---- 212
4 Mech’ios’ & Traders’ Bk. 152*9
50 Trenton Potteries, com .. 5*4
4 0 Mech’ios’ & Traders’ Bk-152

88,000
19,000

2,000
Montreal' *‘ 1
617,000
388.000
PhUadelDhia . . . •
•
202.000
897.000
D «n r1 a P
. 209,000
206.000
f ^ a p o i i i . : .. ;|U.O0O
213.000
351.000
17,000
V Pftlll •••••••»»•••••• * ••••••••
w *
3te S S ^ 7 # * *
On Miasisaippi H irer.................
On Lakes...... . ..........
47,000
On canal and riv er..

Total Mar. 2.1895.78,761,000
ïS t e l Feb. 23, 48Ö5..79,476,000
Votai Mar 8* 1894.76,589,000
Total Mar. 4,
Total Mar. 5,1892.41,556,285

Oats
bush.
588.000
286.000
85.000
37.000
199.000
1,203,000
858.000
6,000

108. 110
107 108*a
98
27
25
{111 112
189 191
«107 109
«108 .. . . . .
«110 112
«104 105 %
110 110*4
154 155*3
110 111*3
105
«102*a 103%
175 225
«108 > 109
s
9*a 10*3
,
52*3 54 H
170
117
162*3 165
.....
«112

Q-AS C O M P A N IE S .

The destination of these exports for the week and since
« w 1 1894 is as t •low. W e add the totals for the corres­
p o n d in g periods of last year for comparison:
m.
m
m
— r
Wheat.I T^mxports for
Week SinceSept.
Week
SinceSept.
1, 1894.
¡¡week and since
2.
bbls.
Sept. 1 to—
Ml*4,544,648
Cnited Kingdom 212,632
711,375
C o n tin e n t........ 24,529
671,003
S. & C. America.. «,3 0 2
597,989
W est Indiea......
89JR*
212,006
Brit. N. A . Col’s.
3,719
17,732
Other countries.................

Atlan. A ve., B ’k lvn—
Cou. 5s, g., 1931..A & O
Gen. M. 5 8 ,1 9 0 9 ..A&O
Im pt. 5s, g., 1934..J& J
Bleek. St. & f u 1.F.—Stk.
ls t m ort., 7s, 1900. J& J
B’ way & 7tn A v e .—Stock,
l s t m ort., 5s, 1904. J& D
2d m ort., 5s, 1914 .J& J
B ’w ay lst,5s,guar,1924
2d 5 s, lut. as rent’1.1905
Consol. 5s, 1943...J & D
B rooklyn City—N ew stk.
Consol. 5s, 1 9 4 1 ...J & J
Bk>yn.Cro8st’n o s .l9 0 8
B k l’n.Q’naCo. &Sub, l s t
B klyn.C.& N ’ w t’w n—
4àtk
5s, 1939...........................
B rooklyn T raction.........P re le rr e d .......................
Central Crosstown—Stk.
ls t M., 6s. 1922...M &N
O en .P k.N .& E .R iv.—Stk

B ld.

Ask.

Bid.

6,105

The total receipts at ports named in last table from Jan. 1

Total grain.

City Railroad Securities—Brokers’ Quotations.

gawMufl

Shares •
2 Journeav&Burnham.pM. 98 *9
25 N. Y. County Nat. Bank.587
10 Lawyers’ Surety Co. ...102
Pew No. 14, Gallery, Madison
Sq. Presbyterian ohuroh.$60
B on d s.

$250 N. Y. & Wilkesb Coal
Co. 6s, bond, scrip............. 75
$15,000 Milwaukee St. Ry.
C on. 5s, 1920. June,’ 95,o o u . 57*9
$2,000 The Brunswlok C o.,
State of Georgia, 1st 6s, *96.
J.&D. Deo.. ’ 93 coup. o n ..6 4 ‘9-°8

atxfl gitm utial.

Spencer Trask & C o . ,
10 W A L L

BANKERS,

STREET,
*
*
*
NEW YO RK,
State a n d J a m es Streets, A lban y.

INVESTMENT

SECURITIES.

S a m u e l D. D a v is & G o .,
60,000

6,688,000
6.772.000
2.661.000
5,159,000
3.836,387

818,000
840.000
520.000
919.000
1,819,050

1.417.000
1.522.000
1.058.000
1.719.000
1,510,759

BANKERS,
N O .240J W A L L S T ., N E W Y O R K .
S a m u e l D. D a v is .

Ch as. B. V an N ostrand.

I

§ m \ u v s ’ S a * e lie .
(
D I V I D E N OS.
Per
Cent.

Name o f Company.

When
Payable.

W A L L ST R E E T, F R ID A Y . M A R C H 8, 1 8 9 5 -5 P. M .

The Money Market and Financial Situation.—Business at
the Stock Exchange during the week has centred largely in
the speculative industrial stocks. These have been manipu­
lated by room traders and their movement has little or no
significance.
An important feature is an increasing demand for good in­
vestment securities. Some commission houses report a few
buying orders, and leading bankers note a considerable inquiry
at the counter for bonds.
It is gratifying to notice the larger number of railroads
which are making more favorable reports o f earnings, but the
■recovery in this direction must necessarily be slow, and in the
meantime the shares o f some of the leading railway systems
are depressed because of the uncertainty of dividends in the
near future.
There is a better demand for money at some interior points,
and rates are said to be higher, indicating some improvement
in general business. This has caused an increased inquiry for
re-discounts in New York by interior banks, and rates for call
money have advanced.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1% to 3 per cent.
To-day rates on call were 2 to 3 per cent. Prime commercial
paper is quoted at 3% to 5 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £102,227, and the percentage
of reserve to liabilities was 67'69, against 68’65 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows a decrease of 250,000 francs in gold and
50,000 francs in silver.
The New York City Clearing-House banks in their statement
of March 2shQwed a decrease in the reserve held of $1,798,000
and a surplus over the required reserve of $28,054,500, against
$29,822,725 the previous week.
1895.
March 2.

Differen’sfrom
1894.
Prev. week.
March 3.

1893.
March 4.

$
59,922,700
73,015,200
439,303,400
11,640,000
531.741.200
97,526,300
111,187,900
208.714.200
132,935,300

$
60.422.700
69,191,600
452,917,400
5,640,400
462,004,300
72,353,500
49.650.701
122.004,200
115,501,075

Surplus reserve ! 28,054,50o'Dec. 1,768,225 75.778,900

6,503,125

$
$
61,622,700
72.028.200
484,201,200 Ino. 1,588,700
12.083.500 In c. 153,900
528,440,800 Deo. 119,100
69.592.500 Deo.4,841,200
90.572.200 Ino. 3,046,200
160,164,700 Dec 1,798,000
29,775
132,110,¿00 Deo.

Foreign Exchange.—The condition o f the foreign ex­
change market remains unchanged. It is firm at about the
highest point reached in the recent advance, but the bond
syndicate do not allow its advance to a point where shipments
•of gold can be made at a profit.
To-day’s actual rates of exchange were as follows: Bankers’
sixty days sterling, 4 87%@4 88; demand, 4 89@4 89%;
cables, 4 89%@4 89%.
Posted rates of leading bankers are as follows :
Sixty Days.

March 8 .
Prime bankers’ sterling bills on London..
Prime com m ercial................
Documentary commercial............. .
Paris bankers (francs)...........
Amsterdam (guilders) bankers..................
Frankfort orBremen(reioiunark 8)b’nkers

Demana.

4 88*«

4 90
87%®4 871«
86%®4 87
1 6 V - 5 16 % 5 155a—5 15
40*4® 40^ig 407i6®40*«

95%®957i8

9508095%

The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
par, selling %@$1 50 premium; Charleston, buying 1-32 pre­
mium, selling % premium; New Orleans, bank, $1 50 premium,
commercial $1 00 premium; Chicago, 70c. per $1,000 pre­
mium; St. Louis 50c, per $1,000 premium.
Coins.—Following are current quotations in gold for coins
Sovereigns........... $4 87
Napoleons........ 3 8 8
X X Reicbmarks 4 78
25 P e s e ta s....... 4 78
Span. Doubloons.15 50
Mex. Doubloons.15 50
Pine gold bars. .. par




9 9 4 92
9 3 95
9 4 85
® 4 85
9 1 5 75
9 1 5 75
9 % prem.

United States Bonds.—Sales of Government bonds at
the Board include $161,000 4s, registered, at 110% to 111%;
$2,000 4s, coupon, at 112%; $20,000 5s, registered, at 116, and
$61,000 5s, coupon, at 115% to 115%. Closing prices were as
follows :

Books closed.
(Days inclusive.)

R a ilr o a d s .
2
Mar. 30 Mar. 1 0 to Mar. 31
©oston & Albany (quar.) ..........
Chicago & e . Ill ,pref. (quar.). .
lh> April 1 Mar. 16 to Apr. 1
Clev. Cin. Chio.& 8 t.L.,nï. (quar.)
1*4 April 1 Mar. 17 to Apr. 1
April 1 Mar. 16 to Apr. 1
3
N. Y. & Harlem pref. and com ...
April 1 ---------- to — -- ----4
8 unbury & Lewis town. .............
M is c e lla n e o u s .
Amer. Sugar R ig ., com. (quar ).. *3 ) April 2 Mar. 15 to Apr. 2
do
do
i>ref. (quar.).. *i% $
3
Mar. 30 Mar. 16 to Mar. 30
Chicago City Railway (quar.)---1 Mar. 22 to Apr. 1
1 % April
Commercial Cable (quar.).........
* Free of.iaoome tax.

Capital................
Surplus...............
Loans & diso’nts.
Circulation.....
Net deposits.......
Specie........ ........
Legal tenders___
Reserve held.......
Legal reserve___

421

THE CHRONICLE.

M a r c h 9, 1895,

Fine silver bars.. — 605s® — 61%
Five fra n o s ....... — 90 9 — 95
Mexican dollars.. — 48%® — 50
Do uncom’o ia l..------9 — —
Peruvian so ls ..... — 45 9 — 48
English silv er.... 4 85 9 4 92
i e 1 1 >l » . t : — 55 9 — 65

’»'SiCEtf
Interest March March March March March March
8
6.
7.
Periods 2
4.
5
. . . . ........... reg. Q.-M >h. * 95 * 95 * 95 * 95 * 95 * 96
.....
4s, 1925........ ...reg. Q -F eb .
14s, 1925........ coup. Q.- Feb.
119
119
119*4 11918
4s, 4.907... .......reg. Q.-Jan. *11134 *111*4 1 1 0 ?8 111
110% 110%
4s, 1907..........coup. Q—
Jan . '112*4 *11238 * 1 1 2 *« 1 1 2 % *112 *112
5s, 1 9 0 4 .........reg . Q.-Feb. *115% *115% *115% 116 *11558 *115*«
5s, 1 9 0 4 ........coup. Q,.-Feb. 115% *115% *115% 115*8 115% *115*4
*1 00
6 s, cur’oy,’ 9 5 ....reg . J. & J. *100
*100 *1 00
*1 00
*100
6 s, our’oy,’ 96....reg. J. & J. *102 *102
«1 0 2
*102
*1 0 2 »« * 1 0 2 %
6 s, 3ur’cy,’ 9 7 ....reg . J. & J. *105 *105 *105 *105
*105
105
6 s, oar’oy,’ 98___reg. J.
J. *103 *108 *108 *108 *108 *108
6 s, lur’ey,’9 9 ....reg. J. & 5. *110 *1 10
*110
*110
*110 *1 10
4s, (Cher.) 1896..reg. March. *100 *100 *100 *1 00 *1 0 0 *1 00
4s, (Cher.) 1897..reg. Maroh. *1 00 *100 *1 00 *100 *100 *100
4s, (Cher.) 1898.. reg. March. *100 *1 00 *100 *100 *100 *100
4s, (Cher.) 1899..reg. Maroh. *1 00 - lo o *100 *1 00 *100 *100
t These are dealings iu the unlisted department of the Stook
Exchaage in “ bonds when issued.”
* This is the price bid at the morning board, no sale was made.
2 s,

United States Sub-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.__________________
Date.
Mch.
“
“
“
“

2
4
5
6
7
8

Meceipts.
$
2,307,852
3,852,519
2,172,527
2,659,481
8,588,274
1,858,931

Payments.
$
3,070,985
6,244,524
1,929,185
3.222,692
7,443,068
2,213,196

Coin.
$
88,756.405
86,767,668
86,686,504
86,384,421
86.379,344
86,384,102

Total 21,439,584 24,123,650 ...... .

Balances
Coin Cert’s. Currency.
$
762,608
793,281
812,467
778,317
934,212
824,187

$
73,739,369
73,305,428
73,610,748
73,383,771
74.378.159
74.129.160

. . . . . ....... ..............
State aud Railroad Bonds.—Sales of State bonds at the
Board have been limited, including $20,000 Virginia fund,
debt 2-3s o f 1991 at 59%; $10,000 No. Carolina spec, tax,
W . N. C. Ry. issue, at 2 ; $2,000 No. Carolina 6s, 1919, at 126
to 127; $5,000 Tenn. settlement 3s at 84%, $2,000 Louisiana
con. 4s., new, at 92%, and $10,000 Virginia 6s trust receipts,
stamped, at 6%.
The railroad bond market has been dull but firm, offerings
of the better class of bonds being readily taken at full prices.
The principal features are Brooklyn Elevated 1st and 2ds,
which have advanced about 5 points and 3 points respectively
and Union Elevated which are about 4 points higher. The
largely increased earnings o f the system is doubtless a reason
for the strength of the bonds. Ches. & Ohio, R. Sc A. Div., 1st
4s. are nearly 3 points higher, while Ches. Sc Ohio con. 5s and
gen. 4%s are weak, possibly in sympathy with B. & O. stock.
Col. H. V. & Tol. and L. N. A. Sc Chicago issues are firm at
an advance. Kan. Pac. 1st cons, are readily taken at 1%
points higher than last week, as strong parties are proposing
to form a committee to protect the interests of the holders.
The Atchison issues are fractionally lower on limited sales,
while Mo. K. & Texas lsts and 2ds and Mo. K. Sc E. lsts are
strong at an advance. No. Pac. issues are generally steady to
firm, and seem to be well held.
Or. Imp. lsts and con. 5s are each about 1% points higher
on a favorable annual report. St. L. Southwest, lsts and
2ds are fractionally higher. So. Ry. 1st 5s and Tex. & Pao.
issues are firm on liberal sales.
Am. Cot. Oil 8s are 1 point higher and Gen. Electric deb.
5s. are nearly 2 points lower, each in sympathy with the
stock.
Railroad and Miscellaneous Stocks.—The stock market
has been unsettled and irregular during the week. Of the
speculative stocks American Sugar is again conspicuous for
activity and erratic movement, selling at 91% on Monday,and
on Thursday at 95% on the announcement o f the regular
quarterly dividend of 3 per cent, and closing at 98%. No
statement of the company’s condition accompanied the an­
nouncement and the public remains in ignorance on that
point. Distilling has advanced as the plan for reorganization
progresses and is better understood, selling at 13 on Wednes­
day and closing at 12%. Chicago Gas has been steady not­
withstanding the prospect of new competition. Am. Tobacco
continues to improve. Cotton Oil sold up to 24 on Tuesday,
closing at 23—a net gain of 2%. General Elecric was ad­
versely affected by the U. S. Supreme Court decision in the
Bate Refrigerator Company case, declined to 25% on Monday
(the lowest point ever reached in the history of the company),
and closes at 26%. Western Union has -been weak under
persistent bear pressure.
The grangers, in sympathy with the general list, were about
one point lower early in the week, but have since rallied,
stimulated by St. Paul’s increase of over $15,000 in earnings
for the last week in February, and close at fractions lower
than our last quotations.
The coalers nave been unsteady, especially Central of N. J.,
which sold at 83% on Monday and closes at 84% against 85
last week. Reading has declined in consequence of the com­
mencement o f foreclosure proceedings, selling at 7% on Mon­
day. N. Y. Central Sc H. R. has continued weak, selling
to-day at 94%, the lowest point reached since July, 1893,
under rumors of a reduced dividend. Baltimore Sc Ohio sold
off to 52% on Wednesday and closes at 50%. a loss of 6%,
under various rumors.* „ Tl
f^

THE CHRONICLE.

422

[VOL, LX,

NEW YORK STOCK EXCHANGE —A C T IV E STOCKS fo r week ending M ARCH 3 , and since JAN. 1, 1 8 9 5 .
HIGHEST AND LOWEST PRICES.
Saturday,
March 2.

Monday,
March 4.

Tuesday,
March 5.

Wednesday, Thursday,
March 7.
March 6.

Friday,
March 8.

STOCKS.

Sales of
the
Week,
Shares.

Range for year 1895.
Lowest.

Highest.

A c t iv e R R . S t o c k s .
5 Jan. 17
2,203
3% Jan. 30
3% Atchison Topeka & Santa Fe.
% Jan. 9
2,600
% Feb 27
% Atlantic & Pacific....................
53% Baltimore & O hio.................... 13,341 49 Mar. 8 65% Jan. 18
59 Jan. 2
1,970 33 Mar. 8
36 Canadian P a cific.......... ........
1,312 48 Jan. 30 50% Jan. 17
48 Canada Southern. . . . . . . . . . . . .
86% Central of New J e r s e y ........ 49,606 81% Feb. 18 94 Jan. 14
640 12% Feb. 6 14% Jan. 5
14% Central Pacific........................
1,355 16 Jan. 29 18 Jan. 21
16 Chesapeake & O hio................
38 147 Jan. 9 47 Jan. 9
147% Chicago & A lto n .....................
70% Chicago Burlington & Quincy 32,410 69 Mar. 4 72% Feb. 4
50 Jan. 12 50 Jan. 12
Chicago & Eastern Illinois...
300 90 Jan. 31 90 Jan. 31
Do
pref.
90
90
100,675 54 Mar. 2 57% Jan. 17
54% 55%
Paul
54% 54% 5530 54% 55% 54% 55% *117 118 Chicago Milwaukee & St.pref.
54% 54
54
1,088 116% Jan. 30 119 Jan. 17
Do
117% 117%
117% 117% 117 117% 117 117
36,256 87% Mar. 4 97% Feb. 4
88% 89% 88% 88% 37% 88% Chioago & Northwestern.......
87% 88% 88
89
87% 88%
683 137 Feb. 14 145 Jan. 25
*138
Do
pref.
139 139 T39 ....... 138 138
138 139
*138
20,880 60% Jan. 3 64% Jan. 18
61% 62%
61% 62% 61% 62% 61% 62% 61% 62% 28% 29% Chicago Rook Island & Pacific 2,900 28% Mar. 8 34 Jan. 18
61% *62
Chicago St. Paul Minn, dz Om.
29% 29 % 29% 29% *29% 29% *105 109
29% 30
31
*30
50 109% Feb. 4 112 Jan. 30
Do
pref.
107 107
*106 110 *106 110 *105 110 *106 110
2,700 35% Feb. 13 39% Jan. 19
35% 35% Cleve. Cincin. Chic. & St. L ...
36% 36% 36% 36% 36% 35% 36
2 36% 36% 36
100 82 Jan. 10 88 Jan. 22
Do
pref.
8430 84%
1,202 16 Jan. 29 20% Feb. 4
19% 19% 19% 19% 19% 20 Columbus Hooking Val. & Tol
19
*18% 19% *18% 19% 19
400 55 Jan. 9 65 Mar. 8
62% 65
Do
pref.
*61
61
61
60% 60%
*60
61
4,330 123% Mar. 8
123% 126 Delaware & Hudson...............
125% 125% 126% 126% 126% 127% 127 127
125% 126
8
157% 158% 155% 158% Delaware Lackawanna&West 9,345 155% Mar. 29 11% Jan. 15
*157 158% 197 157% 157% 158% 157% 158
10% Jan.
*10% 11% *10% 11% *10% n % Denver & Rio G rande............
*10% 11%
275 32% Jan. 29 36 Jan. 17
34
34
Do
pref.
34% 34% *34% 35
*33% 34% l 34% ‘ 34%
200 30 Feb. 20 35 Jan. 23
35 Evansville & Terre Haute___
*30
32
32
35
*30
35
35 r
35 *
*80
300 100 Jan. 28 03 Jan. 9
103 103 *102 105 Great Northern, pref.............
Ï 0 2 " 102 *101 104
*100 103 *100 103
336 81% Jan. 4 90 Jan. 18
85 Illinois Central............. ........
85% *83
*84
84% 86
85
85
85
6% Mar. 6
86% 86% 85
5% Jan. 28
100
*6
7 Iowa Central............................
7
*6
6%
6%
7
*6
6%
*6
6%
*6
19 Jan. 31 23% Jan. 4
*20
Do
pref.
23
"20
22
*20
22
*20
22
*20
22
*20
100 15% Feb. 11 17% Jan. 18
15% *15% 16 Lake Erie & Western .............
15% 15% *15%
*15% 16
*15% 16
*15% 16
735 69 Jan. 28 74 Jan. l 8
72
72
pref.
71% 70% 70% 70% 70% 70% 70% 134% 135% Lake Do
71% 71% 71
3,443 134% Jan. 2 40 Jan. 17
Shore & Mich. Southern
135% 135% 135% 136% 136% 136% 136% 136% 136 136% *84
330 84 Feb. 8 88% Jan. 5
85 Long Island.............................
*84
85
*84
85
85
81% 84% *84
*84
85
4,352
6 Feb. 21 13 Jan. 18
6%
7 Long Island T raction ............
7%
7
7%
7
6% 7%
6%
6%
6%
6%
41,186 47% Mar. 4 55% Jan. 15
47% 48% Louisville & Nashville............
47% 49% 47% 48% 4830 49% 48% 49% 48% 49%
6 Mar. 6 7% Jan. 18
€85
6% 6% Louisv.New Alb. de Chicago.
6%
6%
6
6%
7
*6
7
*6
*6
7
1,725 20 Jan. 4 24% Jan. 28
Do
pref.
22% 22% 22%
21% 21% 21% 21% 21% 21\ 21% 21% 22
107%108 Manhattan Elevated, consol.. 4,793 104 Jan. 2 09% Feb. 4
107% 107% 106% 107% 107% 107% 107% 107% 107 108%
100 91% Mar. 4 97 Jan. 18
Michigan Central...................
91% 91%
*91% 93
25% Feb. 18 28 Jan. 19
Minn.&St.L., tr. roots., 2d p’d
28
*25
*25% 28
*25% 28
*25
28
*25
28
46% Jan. 19 47% Jan. 14
*44
48
Do pref. .tr. reots., 2d p’d
*44
48
*44
48
*44
48
*44
48
48
*44
50 12% Jan. 30 14% Jan. 17
13% 13% Missouri Kansas & Texas___
14%
*13% 14% *13% 14% *13% 14% *13% 14% *13% 22
2,039 21% Jan. 29 23 Jan. 11
21% 22
Do
pref.
1*21% 22% *21% 22% 21% 2 1 % 2 1 % 2170 22
19% 20 Missouri Pacific...................... 1 1 ,5 5 0 18% Feb. 27 26% Jan. 2
19% 20% 19% 20
20
19% 18% 19% 19
19
X5^0 Jsii« 30 16 Feb. 1
15 Mobile & O h io .......................
*12
*12
15
*13
16
*13
15
15
*13
15
*13
64 Jan. 29 70 Jan. l 8
Nashv. Chattanooga&St. Louis
*63
94% 9 5 New York Central & Hudson. 21,211 94% Mar. 8 100% Feb. 1
95% 96% 9 4 % 96
96% 96% 97
96% 96% 96
250 11% Feb. 20 13% Jan. 22
*11% 15 New York Chioago & St. Louis
* n % 13
13
12 % 12 % *11
12
*12
13% 12
69 J an. 21 70 Jan. 18
*55
Do
ls tp re f.
*55
*55
*55 ___
*55
*55
24 Feb. 21 26 Jan. 29
29%
Do
2d pref.
*22% 29% *2 2 % 29% *23
*22
27
*22% 27
27
*23
7% Mar. 8 10% Jan. 18
8% New York Lake Erie & West’n 9,760
7%
8% 8%
8%
8%
8%
8%
8%
8%
8%
8%
220 16 Feb. 26 23 Jan. 22
16
Do
pref.
17% 16
*16
*16% 18
17% 16% 16%
*16
2,350 29 Jan. 29 33% Jan. 12
29% 29% N.Y.ds N.E., tr. recs.allins.pd
29% 30
*29% 30
29% 30
29% 30
30
30
25 194 Feb. 28 196 Feb. 4
New York New Haven & Hart.
*193% 195% *193% 195% 194 194 *193% 195% *194 196
2,910 15% Jan. 3 17 Jan. 18
16% 15% 16% New York Ontario & Western
16% 16
16% 16
15% 15% 16
15% 16
1,250 12 Mar. 5 14% Jan. 21
12% 12% New YorkSusq.&West.,new.
12
12% 12% 12
12 %
12% 12% 12% 12% 12
970 34 Feb. 26 43% Jan. 18
37%
Do
pref.
37% 37% 37% 37% 37
37
36% 36% 37
5% Jan. 5
38
*37
2 Mar. 5
560
2% 2% Norfolk & Western..................
2%
*2
2%
2%
2
"178
2%
2%
3
*2%
1,700 9% Mar. 4 19% Jan. 18
10%
Do
pref.
10%
970 970 10% 10% *10%
4 Jan. 2
9% 10
2% Jan. 28
221
*2% 3 Northern P a cific...................
*2% 3
3
*2%
2%
2%
3
3
*2%
3
Do
pref. 10,635 13 Feb. 27 18% Jan. 18
13% 14% *13% 13%
13% 14% 13% 14
13is 1358 13% 14
Ohio Southern.........................
19 Jan. 23 21 Jan. 17
20 Oregon R’y & Navigation Co.
*15
20
*15
20
*15
*15
20
20
6 Jan. 5
*15
»15
20
3% Jan. 29
4
*4
7 Oregon Sh. Line & Utah North
*4
4% 4%
*4
6
3% Jan. 16
3 Feb. 4
200
*3
3% Peoria Decatur & Evansville.
*2% 3%
*3
3%
270 3
*2% 27
e
*2% 3
7% Mar. 4 13% Jan. 14
7% 7 78 Philadelphia & Reading........ 11,770
8
7%
7%
7% 8%
7% 9%
*9
10
258 15 Jan. 12 16% Feb. , 1
16% 16% i ittsburg Cinn. Chic. & St. L.
17
*15
16% 16% 16% 15% 15% 16% 16% *16
876 43% Jan. 30 48 Mar. 7
Do
pref.
47
47
48
46% 47% 48
46
46
*45
47
*45
47
157% Feb. 8 160 Jan. 24
Pittsb. Ft, Wayne & Chicago.
*154
‘156 ....... *156
156 ___
156 ___
*156 . . . .
14 29 Feb. 1 33% Jan. 3
s
33 Pittsburg < Western, pref ...
*30
33
33
33
33
33
*29
301« 30% 30% *30
Rio Grande Western...............
33 113 Feb. 12 117% Jan. 21
Rome Watertown & Ogdensb.
114 115% *114 115%
1151« 1151« 116 116
5 35% Feb. 15 38% Jan. 18
38 St. Louis Alt. & Terre Haute.
*35
*35% 38
*35%
*35% 38
5% Feb. 21
35
35
*351« 38
4% Jan. 25
230
4% 4% St. Louis Southwestern..........
5
5
*4% " 5 %
*4% 5%
8% Jan. 29 10% Feb. 21
478 4 78 *4% 5
785
Do
pref.
10
*9% 10% 10
10
10
10
10
9% 10
*91« 10
18 Feb. 5 18 Feb. 5
St. Paul & Duluth....................
25
*20
25
*20
25
*20
25
*20
20
25
90 Feb. 4 90% Jan. 15
*20
25
Do
pref.
*80 100
*80 100
*85 100
*85 ICO
*85 100
104 Mar. 8 110 Jan. 8
*85 100
104 1*04 St. Paul Minn. & Manitoba...
105 105 *105 108 *105 108
104 104
*106 108
17% Feb. 11 19% Jan. 2
17% 17% 17% 17% 17% 17% Southern Pacific Co
18
18
8% Jan. 29 10% Jan. 4
171« 17»s 176s 18
8,981
9% 9% Southern voting trust, certif.
9% 10
9%
9%
9 70 9 7e
10%
9%
97e 970
7,811 29% Jan. 29 37 Jan. 8
30% 30% 30% Do., pref. voting trust, cert,
30% 31% 31% 31*4 2970 31% 30
31
8% Jan. 30 9% Jan. 11
31
8%
8% Texas & Paoiflo.......................
8%
8%
870 8%
2% Jan. 2
870 87g
7b Feb. 14
8% 8%
*830 8%
&
i% Toledo Ann Arbor < N. Mich.
1% *1
1
1%
1
*1
1%
*1
41 Jan. 14 41 Jan. 14
1%
*1
1%
50 Toledo & Ohio C e n tra l.......
*40
50
*42
50
*43
50
73 Jan. 14
*41
50
*38
73 J till« 14
50
*42
Do
pref
*73
81
*72
81
*74
81
*70% 80
*70% 80
8% Feb. 4 11% Jan. 15
*701« 80
8 70 Union Paoiflo....... .................
8%
*8% 9%
9%
9
3% Jan. 11
87e 9%
3% Feb. 11
8% 8%
8%
8%
*3
3% Union Paoiflo Denver & Gulf.
*3% 3%
3%
*3%
3%
6% Jan. 17
3%
3%
*3
5% Mar. 6
3s
*2%
5%
5% Wabash....................................
5%
5% *5%
5%
5%
5%
5%
12% Jan. 29 14% Jan. 15
5%
*514 5%
Do
pref.
12% 13
12% 13
127g 12% 13% 12% 12 %
8% Feb. 28 11 Jan. 5
12 7 127e 12
0
9% Wheeling & Lake Erie..........
9%
9%
9%
930
9
9%
9%
9%
35 Feb. 25 [ 41% Jan. 15
9%
914
914
Do
pref
2% Mar. 1 I 3 Jan. 14
*33% 35% 35% 35% 35% 36% 36% 36% 36% 36% Wise. Cen. Co.,voting tr. otfs.
331« 35
*2%
3
*2% 3
*2% 3
3
*2%
3
*2%
«214 3
M is c e lla n e o u s S t o c k s .
18% Feb. 13 24% Jan. 18
4,758
23 American Cotton Oil Co........
23% 23
23% 23
23
24
21 % 22 % 23
545 62 Feb. 18 70 Jan. 22
20% 21
Do
pref.
67% 67% *66% 68 % 67% 67% 68% 68% American Sugar Refining Co. 405.612 86% Jan. 3 9S% Mar. 8
*64% 67
67
64
92% 91% 95% 95% 98%
91% 93% 92% 93% 91%
3,363 90% Jan. 8 93% Mar. 8
921« 93
Do •
pref.
93
93%
93
92%
84%
21 99% Jan. 2
921« 921« 92% 92% 92% 92 *« 92% 91% 92% 92
92
93 American Tobacco C o.-------- 14,951 103% Feb. 27 110 Jan. 18
91%
90% 92% 91%
Feb.
90
9018 90% 91
Do
pref.
105 105 *105 107 "105 107
104 104
105% 105%
70 Mar. 5 78% Jan. 11
»10418 105
7O7
0 70% 71% 71% 71% 71% 72% Chioago Gas Co„ trust reo’t s ..
70
70% 72
1,333 126 Jan. 29 134 Feb. 27
70% 71
132% 132% 131% 131% 131% 131% 131% 131% Consolidated Gas Company.. 95,173
77s Jan. 30 13 Mar. 5
1301« 13078 131 131%
12% Distilling & Cattle Feeding Co
12% 12
12
12% 13
257s Mar. 4 35% Jan. 10
111« 1218 12% 12 % 12% 13
26% 26% 26% 26% General Electric Co.................
26% 27
27
26% Feb. 16 38 Jan. 18
2778 2578 27% 26
27
30% National Lead Co....................
29% 29% 30% 30
28% 29% 29% 29
78% Jan. 28 84% Jan. 16
271« 28% 28
Do
pref84
84
83% 84
83
3% Feb. 19
82% 82% 83
2% Jan. 30
955
*81% 83
82
83
3% North American Co................
3%
3%
3%
3%
3%
3%
3%
8 Mar. 8 11% Jan. 10
360 360
*3%
3 7s
8
8 Oregon Improvement C o .....
11
*8
12 %
*9
12%
12% 10
20 Jan. 26 23% Jan. 18
12% *10
*10
21% 22% 22 % 22 % 22% 22% 21% 21% Pipe Line Certificates............
22
95% Jan. 4 103 Feb, 7
22
*¡¿1% 22
*105%
*107%
........ *104%
97 154 Jan. 2 157 Jan. 17
*105 ......... 1 0 5 % ........ *105% 155
153 ' 153 Pullman Palace Car Company
156 156* ' *153 155
153
60 Jan. 10 60% Feb. 19
154 155 *153 154%
Silver Bullion Certificates....
*60%
*60%
*60% 61
1,210 13% Jan. 29 16% Jan. 18
60% 61
*606s 61
14% Tennessee Coal & Iron............
14% 14% 14% 14% 14% 14% 14
143s
Do
pref.
*13% 14% 14
8% Jan. 4
270 Feb. 11
United States Cordage C o ....
530 5%
5%
5%
5 Feb. 11 13% Jan. 4
5
5
Do
pref.
4%
538
9
9
8%
*8%
9
8%
8%
8%
7 Feb. 27 11% Jan. 7
8%
8%
8
8%
8
8 United States Leather Co —
7%
7%
7%
*7
7%
58 Feb. 27 65% Jan. 17
*7
7%
7
Do
pref.
*7
7%
60% 60% 60% 60% 61
1,021 38% Mar. 5 45 Jan. 2
60% x59% 60% 60
60% 60% 60
3930 3930 38% 38% *38% 39 United States Rubber Co.......
86 Jan. 29 89 Feb. 7
38% 39
*37% 39
*37% 39
8730
86% 87% 86% 86% Western Union Telegraph....
873s 87% 8638 87% 86% 87% 86%
* These are bid and asked; no sale made.
ULowest is ex div.
3%
"*3
56%
42
48
83%
13
16% 16%
*16
146
*146
69% 69% 69
3%
%
*57
57%
43
43
48% 48%
83% 84%
3%

3%
3 7e 4
4
4
3%
%
%
%
%
%
52
52% 57
57
57
57
40% 40% 38%
41
42% 41
48%
*47% 48% 48% 49
48
85%
873s 85% 87
85% 85%
14% *14
14
14
14
13
16% 16%
16% 16% 16% 16%
150 150 *147
149 149
ro% 71% 70%
70% 69% 70%

,
%




3%
3%
%
%
49
53
39% 33
48% 48
86% 84
14% *14
16% 16
146%
70% 69%

M

ab ch

THE CHRONICLE

9, 1895 ]

423

NEW YORK ST OCR EXCHANGE PRICES (Continued)—IN AC TIVE STOCKS.
M a rch 8.

I n a c t iv e St o c k s
? I n d ic a te s u n lis te d .

B a n g e (sa les ) i n 1 89 5 .
L ow est.

A sk .

B id .

^ In d icates actual sales.)
B a n g e (sales) in 1895.|

M a rch 8.

I n a c t iv e s t o c k s .
F I n d ic a t e s u n lis te d .
T

H igh est.

B id .

A sk .

L ow est.

H igh est

M iscellan eou s Stocks.

R a ilr o a d Stoeks.
A lb a n y & S u sq u eh a n n a ........ . . . 1 0 0
© s lle v ille & S ou th . 111. p r e f ....... 1 00
B o s t o n & N. Y . A ir L in e p r e f ..1 0 0
B r o o k ly n E le v a te d U...... ............. 1 00
B u ffa lo R o ch e s te r & P it t s b u r g .1 00
P r e fe r r e d ....................................... 1 00
B u r l. C ed ar R a p id s & N or..........1 00
O le v e la n d & P it ts b u r g ............ . 5 0
D e s M oin es & F oi t D o d g e .. . . . . 1 0 0
P r e fe r r e d ............................
1 00
D u lu th So. S h ore & A tla n t io 11-100
P re fe r re d H................................... 1 0 0
•Flint & P e re M a rq u ette...............1 00
P r e fe r r e d ........ ...........
1 00
G e o r g ia P a c ific T ru st o fsIT___ 1 0 0
'd r . B ay W in. & St. P . tr. r e o ___ 1 0 0
P r e fe r r e d tru s t r e c ta ................1 0 0
H o u s t o n & T e x a s C e n t r a l ........ 1 00
I llin o is C en tra l lea sed l i n e s . . . . 1 00
K a n a w h a & M ioh ig a u .................. 1 0 0
K e o k u k & D e s M o in e s ..................100
P r e fe r r e d ....................
1 00
L o u is v . E v a n s v . & St. L. C o n s . 1 0 0
J jo u is v . 8t. L ou is & T e x a s ..........1 00
M a h on in g C o a l........ . ................. 5 0
P r e fe r r e d ....................................... 5 0
■M etropolitan T r a c t io n ^ ............. 1 00
M e x ica n C en tra l......................... ..1 0 0
50
M orris & E s s e x ........ ..............
N e w J e r s e y & N. Y ............ .......... 1 00
P r e fe r r e d ....................................... 1 00
N . Y . L a ck . & W e s te r n ................ 1 0 0
N o r fo lk & S o u th e r n .................. . . 1 0 0
P e o ria & E a s te r n ........................... 1 00
R e n s s e la e r & S a r a to g a ................ 1 0 0
R i o G ra n d e W estern p r e f ......... 1 0 0
T o le d o P e o r ia & W e ste rn ........... 1 00
T o le d o St. L. fc K a n sa s C ity H. . 1 00
* N o p r ic e F r id a y ; la te s t

168
1 35
103
13*s

1 03
Ï5
20
58

■

Jan .
J an .

F eb.

mm
m
m

22
58

Jan .
J an .

7

38

8*4
1*3
13

*4 F eb.
1*8 F eb .

%
1%
9*9
4

1
105
106

22
58

103

1 5 6 J an . 157*2 J an .
5*2 F eb.
5*2 Feb.
3 0 Jan.
30 Jan.
3*2 Jan .
3*2 Jan .
3
6
M ar.
6
M ar.
6*3
—
....
14
45

155
5
25
2*s
5
7 te

1

F eb .

88
8*«
3
13*2

1 % F eb.
3 % J an .

J an .
F eb.
J an .
M ar.

88
9*2
3
15*2

....
—

4
1 15

Jan .
J an .
J an .
Jan.

....

97
F eb .
....
8
7%
F eb .
1 60
160*2 1 5 6
....
5
1*4

103

Jan.

164

Jan.

116*4 Jan .

1 18

60
2
1 80

2
31«
180
185

i

Jan .
J an.

....

2>s F eb .
180 J an .

—

3

th is w e e k .

F eb .

...

A d a m s E x p r e s s ...............................1 0 0
A m e r ic a n B a n k N o te C o IT...............
A m e r ic a n E x p r e s s .........................1 0 0
A m e r. T e le g ra p h & C a b le ..........1 0 0
B ay S ta te G as IT .........................— 5 0
B ru n sw ick C o m p a n y ....................1 0 0
C hic. J u n e . R y . & S to c k Y a r d s . 1 00
P r e fe r r e d ....................
100
C o lo ra d o C o a l & I r o n D e v e l ... 100
C o lo ra d o F u e l & I r o n ...... .......... 1 00
1 00
P re fe r r e d ....................
C olu m b u s & H o c k in g C o a l ........1 0 0
C o m m e rcia l C a b le ........................1 0 0
C o n so l. C o a l o f M a r y l a n d . ... .. 1 0 0
E d is o n E le c tr ic I llu m in a tin g .. .1 0 0
E rie T e le g ra p h & T e le p h o n e . . 1 0 0
In te rio r C o n d u it & In s . C o ........ 1 00
L a cle d e G a s ...... ............................... 1 00
P r e fe r r e d ....................................... 1 00
L e h ig h & W ilk e s b a rre C o a l FI..........
M a ry lan d C oal, p r e f ......................100
M ich ig a n -P e n in s u la r C ar C o . . . 1 00
P r e f e r r e d ... ............................... .1 0 0
M in n e so ta I r o n ............................... 1 00
N a tio n a l L in s e e d O il C o ..............1 00
N a tio n a l S ta rch M fg . C o .............1 00
N e w C en tra l C o a l............................100
O n ta rio S ilv e r M in in g ..................1 0 0
P e n n s y lv a n ia C o a l........................ 5 0
P o s ta l T e le g ra p h —C a b le F ........ 1 0 0
T
Q u ick silv e r M in in g ........................1 00
P r e fe r r e d ....................................... 1 0 0
T e x a s P a c ific L a n d T r u s t..........1 0 0
U. 8. C o rd a g e , g u a r a n te e d ........100
U . 8. E x p r e s s ...................................100
U. S. R u b b e r p r e fe r r e d ................1 00
W e lls. F a rg o E x p r e s s ........ .........1 0 0

’ 145
41*2
112
90*8
14

140

6
25
60
4*4

25%
82

26
85

50

70

19
4%
5
8
300
60
2*8

145

M a r.

1 09 “ F eb . 113* J a n .
91
90
M ar.
93*2 J a n .
*
15*2 I d 1 M a r. 2 4 J a n .
89

4
22*2
50
3*«
1 35
31
96

Jan.

43

- -I JU8
JH
ion
J
«nop d

F eb .

95’

Jan.

4*2 F eb.
7 ’ Jan.
25
Jan .
25 J a n .
50
F eb.
50
F eb.
2*2 Jan .
4 % Jan .
146
M ar. 146
M a r.
30
F eb .
33* 2 J a n .
95
Jan . 102 J an .
45*2 F eb.
5 4 Jan .
30*2 F eb.
41* 4 M ar.
23*4 Jan .
2 7 % J an .
82 F eb .
87 Jan .
20 Jan .
20 J a n . !
5 0 J an .
50 J au . j
52
40
1 7%
5
6

40
20
6
8
12

3 10

J an .
J an .
J an .
J an .
J an .

52'
40

Jan.

320"

J au. I
Jan. Í

20 F e b . '
6*2 J a n .
6

J au .
Jau.

63

2 J an .
2*4 J a n .
1 2 % J an .
17
F eb.
7 % J am
7 % J an .
" 16*2 *17*8 12 F eb .
23*2 J an . 1
1
41
40
43
Mar.
45
J an . 1
93%
92*2 F eb. ! 94*2 Jan .!
103
1041 F eb . 110 J a n .'
107

t A c t u a l sales.

NEW YORK STOCK EXCHANGE PRICES.—vSTATE BONDS M ARCH 8 .
S E C U R IT IE S .

B id .

A la b a m a —C lass A , 4 t o 5 ........ 1 9 0 6
C lass B , 5 s ................................ 1 90 6
C lass C, 4 s .................................. 1 90 6
C u rre n cy fu n d in g 4 s ..............1 9 2 0
A r k a n s a s —6 s, fu m L H o l. 1 8 9 9 -1 9 0 0
d o . N o n -H o lfo r d
7 s . A rk a n s a s C e n tra l R R ..............
L o u is ia n a —7 s , c o n s ........ .¿ 9 1 4
...................
S ta m p ed 4 s .............
N ew e o n o ls . 4 s ........................ 1 9 1 4

A sk .

104*2
105
94*2
94*s

S E C U R IT IE S .

New York City Bank Statement for the week ending

March 2, 1895.
BANKS.
(00s om itted.)
Bank o f N ew Y ork ..
M anhattan Co..........
M erchants’ ...............
M echanics’ ...........
A m erica ................
iPhenix........................
C it y ........................
Tradesm en’ s ........
C h e m ic a l.............
M erchants’ E x ch ’ge
G allatin N ation al...
B utchers’* Drovers
M echanics’ & Trad’s
G r e e n w ich ...........
Leather M anufao’rs
Seventh N a tion a l...
•State o f N ew Y o r k ..
A m erican E xchange
C om m erce............
B r o a d w a y .. ... ...
M e r ca n tile ...........
Pacific...................
R epublic...............
Chatham ...............
P eople’s ...............
N orth A m erica ...
H a n over...............
I r v in g ...................
C itizen’s ...............
N assau..................
M arket & F u lto n ...
.Shoe & L eather..
Corn E xch a n g e..
Continental.........
O rien ta l................
Im porters’ ¿T ra d e rs
P a rk ............................
E ast R iv e r...............
F ourth N ational___
C entral N ational___
S econd N a tio n a l....
N in th N ation a l..
F ir s t N a tion a l...
T hird N ational_____
N .Y . N at. E xch an ge
Be w e i y ....................
N ew Y ork C ounty.
Germ an A m erican ..
C h a se N ational.........
F ifth A v e n u e ... ....
German E xch a n ge..
G e r m a n ia .................
United States..........
-Lincoln. . . . . . . . . . . . . .
Garfield.................
F ifth N ational........
B an k o f the M etrop.
W e st S id e ..............
S eaboard ....................
S ix th N a tio n a l......
W estern N a tion a l..
F irs t N at. B r’k ly n ..
S en t lern N ate taal..
Mat. Union B a n k ....
L ib e rty N at. B an k.

We omit two ciphers (00) in all cases.
C a p ita l S u r p l’s L o a n s.

$

2, 000,0
2.050.0

$

13.920.0
13.152.0
8.994.5
2, 000,0
9.700.0
2, 000,0
3.000.
18.013.6
4.687.0
1.000.
1,000,0
19.325.3
1.997.5
750.0
300.0
27.018.7
600.0
4.005.0
1, 000,0
6,729,3
300.0
1.582.5
400.0
2.505.0
200.0
1.144.2
600,0
3.177.6
300.0
1.594.3
1.200.0
3,100,8
5.000.
23.300.0
5.000.
20,125,6
1.000.
6.175.0
1,000,0
7.245.5
422,7
2.362.1
1.500.0
11.293.4
450.0
5.629.6
200.0
2.284.4
700,0
5.447.2
1.000,0
14.783.5
500.0
2.799.0
600.0
2.935.2
500.0
2.641.2
750.0
4.199.0
1, 000,0
2.744.0
1, 000,0
9.305.7
1, 000,0
4.324.8
300.0
1.994.0
1.500.0
20.134.0
2 ,000,0
27.131.8
250.0
1.125.1
3.200.0
18.335.5
2,000,0
9.359.0
300.0
5.246.0
750.0
3.998.4
500.0
25,673,4
1, 000,0
210.0 8.597.2
300.0
1.439.9
119.7
250.0
556.4
2.687.0
200.0
529.3
2.991.4
750.0
280.8
2,942,6
500.0 1.182.4 14,648,3
100.0 1.040.5
6.798.0
200,0
640.0
2.974.4
200,0
601.5
2.931.5
500.0
508.5
5.016.0
300.0
515,2
5.662.5
200.0
549.4
3.781.9
200,0
306.1
1.670.6
300.0
757.2
4.994.2
200.0
297.8
2.440.0
500.0
235.2
4.589.0
200.0
345.5
1.780.0
2, 100,0
244.9 10.469.1
300.0
872.6
4.221.0
500.0
594.7
2.729.3
1,200,0
334.3
8.152.0
500.0
106,5
1.448.6
2.044.3
1.976.4
981.3
2.150.9
0
2,223,3
419.2
0
2.999.7
173.9
7.311.5
147.6
1.583.0
271.4
413.3
174.1
519.9
117.8
486.7
0
2.302.0
3.563.2
0
0
1.628.9
1.109.6
481.6
973.0
977.8
262.0
604.9
1.911.2
346.6
402.8
272.7
825.6
34,0
1,228,2
218.7
423.5
5.541.1
3.195.8
142.3
2 .021.1
481.0
567.2
397.6
7,288,0

Specie.

$

1.400.0
1. 020.0
1.705.6
1.171.0
1,829,8
477.0
7,602,3
446.7
2.647.2
760.0
358.5
163,3
285.0
128,2
375.2
259,9
144.3
1.259.0
585.8
1.070.0
1.533.7
586.0
1.406.3
900.3
249.9
691.0
3.935.8
469.3
432.4
177.9
609.6
629.0
1.579.7
1.065.0
204.5
3.686.0
5,224,5
107.8
2.078.4
1.574.0
946.0
553.6
1.332.1
1.919.5
136.1
456.0
658.3
174.6
2.622.6
865.9
287.9
477.1
953.9
1.061.7
888.9
210.7
796.8
241.0
412.0
224.0
1,016,0
1.203.0
272.3
1.024.0
28,6

i o t a !.._________ 61,622,7 72.028.2 484.204,2 69 592,6




B id .

M issou ri—F u n d ................1 8 9 4 -1 8 9 5
N o rth C a ro lin a — 6 s. o l d ............J & J
F u n d in g a c t ............................. 1 9 0 0
N e w b o n d s , J & J ..........1 8 9 2 -1 8 9 8
C h a th am R R ...................
10
2
S p e c ia l t a x , C la ss I ..........
1 70
’Ì 0 '
1
C o n s o lid a te d 4 s ...............
1910
6 s ................................................... 19 19
110
100
S outh C a ro lin a — 4*28, 2 0 -4 0 .. 193 3
6 s, n o n -fu n d ............................ 1 88 8
92*8

Legáis. Deposits
2.470.0
2.732.0
1,515,5
2.219.0
4.178.1
782.0
3.629.3
254.7
6.663.4
358.7
2.041.0
506.5
265.0
228.1
595.5
235.8
536.3
4.989.0
6.516.5
669.8
1.714.8
642.4
2.057.0
723.3
394.4
899,7
2 . 120.6
606.5
371.3
517.9
881.4
344.0
1.025.0
622.1
220.4
4.405.0
3.720.9
216.5
2.735.3
1.119.0
969.0
211,2
5.701.0
1,166,7
219.6
346.0
226,2
805.7
2,028,6
801.3
582.3
364.1
844.5
1.147.4
886.4
375.4
680.7
508.0
1.466.0
301.0
1,376,6
636.0
581.6
1.332.4
290.8

14.020.0
13.933.0
10.702.7
9.625.0
20.072.1
4.511.0
26.550.4
2.047.2
28.876.5
4.389.0
6.620.0
1,812,0
2.370.0
1.138.5
3.017.7
1.819.3
2.398.9
19.246.0
18.480.7
5.949.2
8.413.9
3.264.7
12.679.5
5.791.0
3.103.8
5.673.1
19,054,4
3.116.0
3.254.1
3.141.1
4.718.3
3.133.0
10.532.1
5.502.2
1.805.5
22.411.0
32.075.6
1.018.7
18,358,3
10.359.0
6.396.0
4.050.2
25.475.6
10.449.2
1.401.5
2.910.0
3.471.9
3.123.4
17.607.0
7.360.1
3.380.5
3,6¿9,8
6.185.9
6 886.2
5.163.1
1.832.7
5.839.2
2.713.0
5.839.0
1.675.0
10.574.3
4.713.0
2.818.3
8.801.0
1.260.4

.

90.572.2 528.440,8

A sk.

S E C U R IT IE S .

B id .

A sk .

84
90

84%

.......... T e n n e ss e e —8s, o l d . . . . . . 1 89 2 -1 8 9 8

1
1
10 1

C o m p ro m is e , 3 -4 -5 -6 s ............1 91 2
3 s ...................................................191 3
R e d e m p tio n 4 s ........................ 1 90 7
do
4*28.....................1 9 1 3

4
4

126%
107
1 03

Ite

V irgin ia fu n d e d d e b t. 2 -3 S ...1 9 9 1
6b d e fe r r e d t ’ s t r e o ’ts. s ta m p e d .
,

2

100
100
58*2
6%

59
7

New York City, Boston and Philadelphia Banks:
Ba n k s .
N . Y o r k .*
Feb. 2 ___
“
9 ....
“ 1 6 ....
“ 2 3 ....
Mar. 2 . . .
B o s t o n .*
F eb. 1 6 . ...
“ 2 3 ....
Mar. 2 ___
P h i l a .*
Feb. 1 6 ....
“ 2 3 . ...
Mar. 2 ___

Capital <
fc
Surplus.

$

133.650.9
133.650.9
133.650.9
133.650.9
133.650.9

Loans.

Specie.

$
490.345.4
484,586,6
483.382.0
482.615.5
484,204,2

$
81.555.5
82,263,9
81.422.7
74.436.7
69.592.5

69.351.8 168.604.0 11.761.0
69.351.8 166.600.0 11.181.0
69.351.8 166.095.0 10,710,0
35.810.3 108.286.0
35.810.3 107.041.0
35.810.3 106.275.0

Legáis. Deposits.+ Circ’l’n Clearings.
$
91.937.3
85.191.0
85.149.4
87.526.0
90,572,2

$
546,965,2
534.754.7
532.234.7
528,559.9
528.440.8

$

113719
115053
116417
119296
120835

$
579,639,0
483,820,8
457.302.3
386.582.4
531,685,2

5.558.0 151.740.0 6.998.0
5.268.0 148.039.0 7.102.0
5.146.0 147.674.0 7.194.0

76.787.2
60.586.7
81.729.8

28.4 88.0
28,2 53.0
27.5 77.0

106.088.0 5.366.0 57,972,6
104.392.0 5.360.0 50.576.3
103.348.0 5.367.0 64.231.8
* W e omit two ciphers in all these figures. + Including fo r B oston and P hiladelphia the item “ due to other banks.”

Miscellaneous and Unlisted Bonds :
M i s c e l la n e o u s B o n d s .
B oston Un. Gas tr. certs., 5 s.
Ch. Jnn.& S. Y d s.—Col.t.g.,5s
Col. C. & I. Devel. gu. 5 s . ... .
Colorado Fuel—Gen. 6s..........
Col. & H ock . Coal & I .—6s, e
Cons.Gas Co..Chic.—1st gu.5s
Consol. Coal con v. 6s..........
Det. Gas con. 1st 5s.................
E dison E lec. 111. C o.—1st 5s .
Do
o f B klvn., 1st 5s___
Equit. G.-L., N .Y ., con s.g . 5s.
E quitable G. & F.—1st 6s___
H enderson B ridge—1st g. 6s.
Illin ois Steel deb. 5 s...............
N on-conv. deb. os..................
Manhat. B each H . & L. g. 4s.
M etropol. Tel. & TeL 1st 5s..

*94**b.
86 a.
105 ‘ab.
♦ ïïïte b .
* 94 b.

46 b.
105 b.

M is c e lla n e o u s ! B o n d s . I
Mich.-Penin. Car 1st 5s. . . . . .
Mutual U nion T eleg.—6s g . . Í 0 8 * 'b .
Nat. Linseed Oil d6b. 6s, g . ..
N. Y. & N . J. Telep. gen. 5 s.. i ’o Tvjh.
Northwestern T elegraph—7s. *107 *»b.
People’s Gas & C. 1 1st g. 6s.
Co., C h ic a g o .... 5 2d g. 6s. iÖ6**b
1st cons, g. 6 s ...................... * 91 b*
Pleas. V alley Coal —
1st g. 6s.
South Y u b a w a t e r Co.con.6s.
Sunday Creek Coal 1st g 6s..
U. S. Leather—8. f. deb., g.,6s 112 b .
W estern U nion T eleg.— i<._ *109 b.
W h eel.L .E .& P 1 «« Coal ls t 5 s
U n lis t e d B o n d s .
C om stock T unnel—In c. 4 s ..
4 k.
Mem.&Charleston—Con. 7 g.

N ote .—“ b ” ind ica tes p rios b id ; “ a ” prioe asked. * L atest price this w eek

Bank Stock List— Latest prices this week.
BANKS.
A m e r ic a .......
Am. E x o h ...
B ow ery*.......
B roa d w a y.. .
Bntohs’& D r.
C e n tia l.........
C hase............
Chatham.......
C hem ical___
C ity ........., ..
Citizens’ .......
C olom bia___
C om m erce...
C ontin ental.
Corn E x ch ..
D eposit.........
B a it R iv e r..
l i t h W ard ...
F ifth A v e ....
F ifth*............
F irst..,..........
F irst N., S. I .
14th S tfe o t..
F ou rth .......

B id.

A sk.

BANKS.

Bid. A sk.

200
156

205
157

Garfield.........

235
150
118
450

250
165
125

G erm ania.... 300

345
4Ö0Ö 4800
440 500
130 150
180
]25te
277 285
12*9
137

200
2000
2500

112

175

.....

120

184
184

300

320

11Ï

340
H ud. R iv e r.. 150”
Im . & Trad’s’ 500 560
150
Leather M fs’ 180 210
565
M anhattan.. 185
M arket & Ful 210
M echanics’ .. 180 200
M ’ohs’ & T rs’ 140 165
M e rca n tile .. 160 180
135
M erch’ts Ex. 1 1 Ó
460
Mt. M o r ris.. 100
N a ssa u ........ 150 165
N ew Y o r k ... 225 240
N .Y . Oo’ n ty .
600

(*Not listed.)

BA N K S.

jsia.

A sk

N in th .......... 120

110

137
O rien ta l___ 200
175

145
240

275

P eople’ s ___
P h e n ix ........ 112
R e p u b lio .... 145
168
S e c o n d ...... 300
Seventh ___
Shoe& Le’th 95
S o u th e rn ... 150
Stateof N.Y.
T h ir d .......... 105
Tradesm ’n ’s

K
lO

18Ó
W e s te rn .... 110
W ««t S id e .. 280

120
160

105
165

110

IÏ2

THE CHK0N1CLE.

424

BOSTON, PHILADELPHIA

[V o l. L X .

AND BALTIMORE STOCK EXCHANGES.

Share P rices — n ot Per C en tu m Prices.

Active Stocks.
If Indicates unlisted.

Saturday,
March 2.

Tuesday,
March 5.

Monday,
March 4.

3% 3islt
3%
3%
Atch. T. & 8. Fe (Boston). 100
* .......... •60
Atlantic & Pac.
“
100 *•50
57%
58 & 57
Baltimore & Ohio (Bait.). 100 58
70%
Balt. City Pass’ger “
25 *69
14% 14%
Baltimore Traction “
25
14% 14%
15
15
Baltimore Trac’n (Phil.).. 25
Boston & Albany (Boston). 100 207% 207% 208 208
Boston & Lowell
“
100 *198% 199 *198% 198%
162 162
163
Boston & Maine
“
100 *
*10%
11
Central of Mass.
“
100 ÍÓ
___ .........
50
Preferred
“
100 *48
Chio. Bur. & Quin. “
100 69% 69% 69% 70
Chic. Mil. & 8 t P. (Phil.). 100 54% 54% 54% 54%
*10 . . . . . .
Chic. & W. Mich. (Boston). 100 *10
*•25
Clove. & Canton
“
100 n♦*25
2
Preferred
“
100
84% 85
Fitchburg pref.
“
100 84% 85
33
33%
Hunt. &Br Top. (Phila.). 50 *
50%
50% *50
Preferred
“
50
31%
Lehigh Valley
“
50 30% 31% 31
Maine Central (Boston). 100
Metropolitan Trac. (Phil). 100 96% 96% 96% 96%
7%
7
7%
7
Mexican Cent’l (Boston). 100
30% 29% 29%
BT.Y.&N.E.,tr.rec.§ “
100 *80
60 *.......... 61
60
Prefen ed ,tr. rec. “
100
Northern Central (Balt.). 50
♦2% 3
2%
2%
Northern Pacific (Phila.) 100
Preferred
“
100 *13% 13% * 13% 13%
179
Old Colony.......(Boston) 100
Pennsylvania. . . ( Phila.). 50 • 495s 49% * 49% 49%
e
20
20
Philadel. & Erie.
“
50 *
4%
Phila. & Reading.
“
50 41%« 411«
87% 87%
Philadelph. Trac.
“
50 87% 88
5
Summit Branch (Boston). 50 &
8%
8%
8%
8%
Union Pacific—
“
100
235% 235%
United Cos. of N. J. C
Phila.) 100 *235
*5%
6%
W.N. Y. APa.tr.rec “
100 ........ ..........
M iscellan eou s Stocks.
92% 92% 91% 93%
Am.Sug’r Refin. if ( Boston)---92% 92% 92% 92%
Preferred........
“
188 191
Bell Telephone..
“
100 191 193
36% 36%
36
36
Bost. & Montana.
'*
25
*9% 9%
9%
9%
Butte & Boston..
“
25
*290 292 *290 291
Calumet & Hecla
“
25
Canton Co . . . . . . . (Balt.). 100 *70% 71% *70% 71%
63
63
63
Consolidated Gas
“
100 63
50
49% *49
Erie Telephone.(Boston). 100 49
27%
General Electric.
“
100 27% 27% 25%
61% 61%
Preferred........
“
100 *6)
*22% 23
LamsonStoreSer.
“
50
Lehi’h Coal&N&v. (Phila.) 50 45% 45% 45% 45%
67%
67% 67
N. E.Telephone (Boston). 100 *67
North American (Phil.). 100
*2
2%
West End Land.. (B oston).... S h e
* Bid and a sk ed prices;
&3d instalment paid. ]

Inactive Stocks.
Prices of March 8.
Atlanta & Charlotte (Balt.). 100
Boston & Providence (Boston). 100
Camden & Atlantic p f. (Phila.). 50
“
50
Catawissa....... .
“
50
1st preferred..........
2d preferred............
**
50
Central Ohio............. (Balt.). 50
Connecticut* P a ss..(Boston). 100
Connecticut River—
“
100
Delaware &BoundBr. (Phila.).100
F lin t* Pere M a rq ...(Boston). 100
P r e fe rre d .......—
“
100
Har.Ports.Mt.Joy&L. (Phila.). 50
Kan. C’y Ft.S. & Mem. (Boston). 100
Preferred.................
“
100
Little Schuylkill........ (Phila.). 50
Mine Hill & 8. Haven (Phila.). 50
Nesquehoning V a l....
“
50
Northern N. H........... (Boston). 100
North Pennsylvania. (Phila.). 50
Oregon Short Line...(Boston).lOO
Pennsylvania&N.W. (Phila.). 50
Rutland..................... (Boston). 100
P referred ..................
“
100
Seaboard & Roanoke. ( Balt.) .100
1st preferred..........
“
100
Southern........................
“
100
Preferred..................
“ 100
West End....................(Boston). 50
Preferred........ ..
“
50
West Jersey... . . . . . . (Phila.). 50|
West Jersey &Atlan.
"
50
Wiim- Col. & Augusta (Balt.) .100
Wllmingt’n & Weldon
“
100
Wisconsin Central...(Boston). 100
* Preferred...................
“
100
Woro’st.Nash.&Roch.
“
100

Ask.

Bid.

255 260
32%
3
50
49%
51
49
134% 136
240 250
10
30
84%
10
40
55%
66
55%
*85%
4%
i%
70

12
32
12
50
56%
67%
........
5
40
2
72

9% 10
30% 30%
61%
61
87%
87
54%
26%
2%
120

3
25
125

MISCELLANEOUS.

•25 •37
Allouez Min’g, asst pdf Boston).
10
10%
Atlantic Mining........
“
7%
7%
Bay State Gas If....... .
“
4
4%
Boston Land.............
•50 •60
Centennial M ining...
“
Electric Traction— (Phua.). 50 78% 79
2
1%
Fort Wayne Eleot.il.. (Boston). 25
12%
Franklin M in in g.....
“
25 12
% 1%
Frenchm’n’sBay L’d.
“
5
42
“ 100 40
Illinois Steel..................
8
8%
Kearsarge Mining—
25
73
Morris Canal guar. 4. (Phila.). 100
Preferred guar. 10.
“
100
21%
Osceola Mining.......(B oston ). 25 21
Quincy Mining..........
“
25 102 102%
138 140
Tamarack Mining—
... .
72
72%
United Gas Impt.......(P h ila .).....
Water Power..............(Boston). 100 •75 •90
Westingh. Elee. * M ..
“
50 31% 32%
50%
Pref., cumulative.
50 50
At.lo°nn* 8 ^ l l f e n4g.,1989 J *^
2d2%-4s, g., Class A ..1989, A&O
Boston United Gas 1st 5s.............
* P r i s » in clu d a » o v e r d u e o o u p o n s .




63%|
63
16% 16%|
74%'
73

Wednesday,
March 6.

Thursday,
March 7.

Friday,
March 8.

Sales
of the
Week,
Shares.

Range of sales in 1895.
Lowest.

Highest.

35g Jan.
2,153
3% 3%
4% Jan. 17
3%
4%e
*50 Jan.
•75 Feb. 8
•60 *•50 •60
514 4978 Mar.
65 Jan. 21
57% 57% 54% 57% 53% 53% 49% 51%
177 69% Feb.
70
71 Jan. 4
69% 69% 69% 69% 69% 69% *69
240 14% Jan.
15% *........ 15
*14% 15
168 b Jan. 15
14% 14% *.......
1,096 14% Jan.
16% Jan. 2
14% 14% *14% 15
14% 14%
15
15
135 207% Feb.
208 208 *208
*208 208%
210% Jan. 24
208 208
43 196% Jan.
2 0 0 Jan. 30
198% 198% 198% 198% 198% 198% *198% 199
78 160 Jan. 2 163% Jan. 28
161 161 *161 162%
162 162
162 162
12
25 10 Mar.
J an. 15
11%
*11
*10*4 l l 1
* 10% 10% *10%
48 Feb.
53 Jan. 9
*48
50
*
50
50
72% Feb. 4
70% 70% 69% 70% 10,532 69% Mar.
*70 ' 703g 70% 71
24,900 54*8 Mar.
57% Feb. 4
54% 55% 54% 55% 54% 55% 54% 55
14
*10
*10 ........ *10 ____ *10
*25 Jan. 4
*25 Jan.
*•50 •75
-2
*•25 ........ * 5
1% Jan.
2 Jan. 10
*1
2
* ___
2
2 *
2
206 82% Jan.
867e Feb. 6
84% 85% 84% 84% 84% 85
85
85
.35% Jan.
36 33 Mar.
33
33
33% 33% &
33 *
53 Jan.
22 50% Jan.
50% 50%
50% 50% *50% 51
*50% 51
29% 30% 27% 29%
36% Jan.
5,459 27% Mar.
31
31% 30% 31
131 Jan.
21 125% Jan.
127 127
128 128
127 127% *126 130
106% Jan.
3,709 90% Jan.
97% 98% 97% 97% 96% 97%
97
97%
5% Jan.
7% Mar.
2,950
7%
7%
7%
7%
7%
7%
7%
7%
33% Jan. 10
700 29 Jan.
*29% 30% 29% 29%
*29% 30 * *29% 30
6b Jan. 2
25 59% Feb.
*60
61
*60
61
60
67% Jan. 18
62 64 Jan.
65% 66
*65% 66
*65%
*65% 67
2% Jan.
378 Jan. 8
170
2%
2%
*2%
2%
2%
2%
278 2%
18 Jan. 18
2 20 13 Feb.
14
*13%
*13% 14
13% 13% *13% 14
180% Jan. 19
26 178% Jan.
£l78%178% 178% .178% 178% 178% *178% 180
51% Jan. 18
4,396 48% Jan.
50% 49% 50
49% 49% 49% 50% 50
20 Jan. 31
20 Jan.
20
20
20 *
20 *
3i316 Mar.
6i&i«J an. 159,958
3% 31%«
31 >,« 4%
E
3% 3f5ie
99% Jen. 2
2,010 82% Jan.
88
88** ♦ 88% 88% 88% 88% 87% 88%
2% Jan.
4 Feb. 18
6
*4
*4.
6
6
l l 78Jan. 15
8% Jan.
9%
516
*9
9
9
*8% 9%
8% 9
237 Jan. 24
54 235 Feb.
236 236 *235% 236
235% 236 *235% 236
5% Jan.
6 Jan. 2
5%
50
5%
*5%
*5% 6%
*5% 6%
98% Mar. 8
96% 98% 54,464 86% Jan.
91% 92% 91% 95%
92% 93%
94 Mar. 8
94
2,026 90 Jan.
92% 92% 92% 92% 92% 92% 93
197 Feb. 11
1,531 186% Jan.
191 192
191 192
190 191
189% 190
39% Jan. 25»
2,076 33% Jan.
36% *36
36% 35% 36
36
36% *36
9% Jan.
50
9%
9%
*9% 9%
*9
1 1% Jan. 18
*9
9% 9%
292% Feb. 20
92 290 Jan.
290 290 *288 290
292
290 290 *
*
*
70 Jan.
91% Jan. 16>
71% *70% 71%
___ 71
71
65% Jan. 2
701 61% Jan.
62% 62%
63
63% 63
63
63% *63
54% Jan. IO
97 45% Feb.
50
49% 49% 49% 49% 50
49% 50
35% Jan. IO
7,347 25% Mar.
26% 26% 26% 26%
26% 27% 26% 27
129 60 Feb.
69% Jan. 12
61
61
60
61
61
*61 ........ *60
23% Jan. 2
35 22% Feb.
*22% 23
22% 22% 22% 22% *22% 23
49% Jan. 5
486 40% Mar.
44
40% 43
*43
45
45
45 .45
69 Jan. 18
107 66 Feb.
68
68
63
67
67
67
*67 ' 67%
3% Feb. 203 Jan.
2% Jam 10
60 2 Jan.
*2
2%
*2
218
*2“
2%
2%« 2%«
nn sale was made.
4

4

4

Inactive stocks.

3%

Bid.

Ask.

Bonds.

Bid. Ask.

Phila & Read, new 4 g „ 1958, J&J 67% 63
Boston United Gas, 2dm . 5 s..1939 6 46% 47
1st pref. income, 5 g, 1958, Feb 1 18% 19
Burl.* Mo. River Exempt 6s, J&J *114 115%
9% 10%
2d pref. income, 5 g, 1958, Feb. 1
106
Non-exempt 6 s.......1 9 1 8 , J&J ?105
689.
3d pref. income, 5 g, 1958,Feb. 1
98
6%
Plain 4 s . . . . . . ..........1 9 1 0 , J&J § 97
118
2d, 5s.....................................1933,A&O
Ohio. Burl. & Nor. 1st 5,1926, A&O §104 104%
99
Consol, mort. 7s......... 1911, J&D 125 126%
2d mort. 6s...........1 9 1 8 , J&D § 97
Consol, mort. 6 g ....... .1911, J&D
98
Debenture 6 s ........... 1896, J&D § 97
ImprovementM. 6 g., 1897, A&O 102%
Chio. Burl.& Quincy 4s.. 1922, F&A § 93% 95
95
Con. M.,5 g.,stamped,1922,M&N
99
Iowa Division 4 s .....1 9 1 9 , A&O § 97
102
Terminal 5s, g . . . . . . l 9 4 l , Q.—F.
70
Chio.&W.Mieh. gen. 5s, 1921, J&D \ 65
Consol, o f Vermont, 58.1913, J&J § 84% 84% Phil. Wilm. & Balt., 4s. 1917, A&O 102
75
Pitts. C. & St. L., 7 s .... 1900, F&A 113% 115
Current River, 1st, o s ..1927, A&O § 70
62
Schuyl.R.E.Side,lst 5 g. 1935, J&D 108% 110
Det. Lans. & Nor’n M. 7s. 1907, J&J * 61
Steuben.&Ind.,lstm.,5s.l914, J&J 108
§120% 122
Eastern 1st mort 6 g.l906,M &S..
Free,Elk. &M. V.,lst, 6S.1933, A&O §126 127% Union Terminal 1st 5s.......... F&A 96 ........
§124% 125% Warren & Frank.,1st,7s,1896,F&A
Unstamped 1st, 6 s ....1933, A&O
75
K.C. C.& Spring.,1st,5g.,1925,A&O § 60
94
B o nds.— a ltim ore. ___ _____
B
K O. F.S. & M. con. 6s, 1928, M&N § 93
Atlant a &Charl., 1st 7s, 1907, J&J 118% 119%,
52
K.C. Mem. & Bir., 1st, 2s,1927, M&8 * 50
Baltim ore Beit, 1st, 5s.1990, M&N 99 100
122
§121
K.
C. St. Jo. & C. B., 7 s ..1907, J&J
Balt. C. Pass. 1st 5s_ 1911, M&N 115% 116
_
95
L. Rock & Ft. S., 1st, 7s.. 1905, J&J § 90
Louis.,Ev.&St.L.,1st,6g.l926,A&O §103 103% Balt. Traction, 1st 5s.. 1929, M&N 106% 108
Exten. & impt. 6 s .... 1901, M&S 102 103%
95
2m., 5—6 g .................1936, A&O ) 90
No. Balt. Div., 5 s...... 1942, J&D 105% 106%
Mar. H. & Ont., 6s.......1925, A&O §104 104%
57% Baltimore & Ohio 4g., 1935, A&O 102%
Mexican Central,4 g ... 1911, J&J ) 57
Pitts. & Conn., 5 g ...l9 2 5 , F&A
1st oonsoLinoomes, 2 g, non-cum. 11% 12
90
Staten Island, 2d, 5 g.1926, J&J 87
7
6
2d oonsol. incomes. 3s, non-cum.
. Y . & N.Eng,, 1st, 7s,1905, J&J* 114 114% Bal.&Ohio S.W.,lst,4%g.1990, J&J 105%
CapeF.&Yad.,Ser.A.,6g.l916, J&D 66
70
*107% 108
1st mort. 6 s ...........1 9 0 5 , J&J
Series B., 6 g ..........1 9 1 6 , J&D 55
65
2d mort. 6 s ...........1 9 0 2 , F&A *104 104%
60
Ogden. &L.C.,Con.6s...1920,A&O 105 105% I Series C., 6 g . . . . ......l 9 1 6 , J&D 50
Cent. Ohio, 4% g ........1 9 3 0 , M&S 102% 104
20
lno. 6 s . . . . . . ........................1 9 2 0
Ru tland, 1st,6s............1902,M&N 111 1 1 1 % Cent. Pass., 1st 5s__ 1932, M&N 110 111
2d, 5s.......................... 1898,F&A 1 01 % 1 0 2 % City & Sub., 1st 5s.....1922, J&D 107% 108%»
Chari. Col.&Aug.ext.5s.l910, J&J 104 104%
103% 104% CoL & Greenv., lBt 5-68.1917, J&J 105% 106
Ga.Car. & Nor. 1st 5 «..1929, J&J
SO
100
Atlantic City 1st 5s, g., 1919,M&N
Georgia Pac., 1st 5-6S...1922, J&J 107 h 108%
Belvidere Del., 1st, 6 s ..1902, J&D 1 1 0
North. Cent. 6 s . . . . . . ....19 0 0 , J&J 111% 112%
Catawissa, M., 7s.........1900, F&A 1 1 2
115
6s................................. 1904, J&J
Clearfield* Jeff., 1st, 6S.1927, J&J
Series A, 5 s . . . . . . . ....19 2 6 , J&J 115
Connecting, 6s........ 1900-04, M&S
4 % s..............................1925, A&O 106
126%
99 100%
Piedm.&Cum.,Is t, 5 g.1911, F&A
109%
Pitts. & Connells. Is t7 s .1898, J&J 107 108
118
Southern, 1st 5s____ ....19 9 4 , J&J 86
86%
Hunt. &BPd Top,Con.5s.’95,A&O 1 0 1 %
Virginia Mid., 1st 6s. ..1906, M&S 112
Lehigh Nav. 4%s.......... 1914, Q— 1 10 %
J
2d Series, 6 s...........1 9 1 1 M&S 113
2d 6s, gold...................1897, J&D 108
3d Series, 6s............1 9 1 6 , M&S 109 112
General mort. 4%s, g.l924,Q —F 105
4th Series, 3-4-5S.....1921, M&S
100
_Bhigh Val. Coal 1st 5s, g. 1933, J&J
5th Series, 5 s.........1 9 2 6 , M&S 101 Ì03
Lehigh Valley, 1st 6 s... 1898, J&D 108%
West Va C.& 1 s t , 6 g. 1911, J&J 105% 106
2d 7 s ............................ 1910, M&S 133
West’I.N.C. OonsoL 6 g.1914, J&J 109 110
Consol. 6 ............ ......1 9 2 3 , J&D 1 2 1 %
Wilm. Col. & Aug., 6 s ..1910, J&D 112
105%
MISCELLANEOUS.
Gen. M. 7 s..............1 9 0 3 , J&Ji 123
Baltimore Water 5 s ...1916, M&N 120% 121%
•enmsylvania g en .6 s,r..1910, Vari 133 134
Funding 5 s . . . . . . ....1 9 1 6 , M&N ........
...........1905, Var 119
Consol. 6s, c
Exohange 3 % s ........1930, J&J 103% 103%
115%
Consol. 5s, r ...............1919, Vair
74 d
Virginia (State) 3s. n ew .1932, J&J 72
Collât. Tr. 4% g ......... 1913, J&D 106
58% 59
Funded debt, 2-3s____1991, J&J
125%
>a. & N. Y. C a n a l,7 s...1906,J&D
Chesapeake G a s,6 s.....1 90 0 , J&D 108 103%
Con. 5s........................ 1939, A&O 108 109
Consol. Gas, 6s..........1 9 1 0 , J&D 115% 115%,
100%
5 s .................. ..............1939, J&J 106% 106%
118% i l l '
Wonitable
U
a
..l® 1" . A *•'* 112% 112
Gen. mort., 4 g .......... 1920, A&Ò 1 0 2 %

Ï U n listed .

i A n d accru e

in te re s t.

t L a s t p r ic e th is week.

M akch

425

LHE CHKONICLEu

9, 1895.1

NEW YORK STOCK EXCHANGE PRICES (ContInued)-AC2TFi7 BONDS MAR. 8 AND FOR YEAR 1895.
Closing Range (sales) in 1895.
R a il r o a d

an d

M is c e l . b o n d s .

Perioa M a r. 8.

Lowest.

Q -F 111% 110% Feb.
U < J 62%
fe
62% Mar.
15 %b. 16% Jan.
»A & 0
IF & A 20 a. 18% Jan.
44 %b. 44% Jan.
1 ..........
2%a.
)J A J
2% Feb.
91
=A A 0
86 Mar.
90
rm & h
84% Mar.
J A J 110%b. 109 Jan.
Ì M«fe £ M03%b. 104 Mar.
52 a. 50 Jan.
i ..........
• Q -J 112 b. 111% Feb.
C en tra l o f Ñ. J .M& H *115 b. 119% Jan.
7J A J I lli4 b . I l l Jan.
Q -M 101 %b. 105 Jan.
M«fe M 87 %a. 85 Mar.
J & J 112 b. 111% Feb.
Í J < J 103 b. 102% Jan.
fc
A A O 119iab. 119% Jan.
A A O 118%b. 117% Feb.
M«fe N 10538 104% Feb.
M<& S 71
71 Jan.
U & J 91%
9 1 Feb.
i J A J 86 a.
M & S 96%
96% Mar.
; J & J 118%
118% Jan.
C hic. B u rl. & Q .: M & N 100 a. 99% Feb.
; M<& S 100
100 Mar.
J F & A 94 b. 93% Feb.
M& N 87%
86% Feb.
H a n .« fc S t .J o s .-C o n s .,6 s .l9 1 M«fe S 116
115% Mar.
Ohio. «fcE .Ill.—1 st, s. f.,6 s . 190' J & D 114 b. 114% Feb.
: A & O *126 a. 124 Jan.
96%
fM&N
96 Feb.
M & N 77 %b. S3 Jan.
Oct. * 16 b. 16% Mar.
'J & J 94%b. 90% Jan.
J & J 125 b. 125 Feb.
J & J 116%a. 115 Jan.
J & J 11638a. 116 Jan.
J & J 110% 109% Feb.
J & J 104 b. 104 Feb.
J & J *109 a. 107% Jan.
J & J *109 b. 108% Feb.
J < J
fe
87 Feb.
J & D 117 b. 116 Jan.
M il. < N o r.—
&
Q—F *138 b. 139 Feb.
C hic. & N . W .J & D 121
121 Mar.
A & 0 12l%a. 120 Jan.
A & 0 110%a. 109% Jan.
M & N 106 b. 106% Jan.
M & N *106 b. 106% Jan.
F & A 100
100 Jan.
OMc.R.I.&Pac.—6s., coup. 1917 J & J 124 b. 126 Jan.
Extension and col., 5s... 1934 J & J 100%b. 100 Feb.
30-year debenture,5s... 1921 M A 8 87 b. 88 Mar.
Chic. St. P . M. & O —6s....1930 J A D 124% 122 Feb.
Cleveland & Canton.—5 s.. 1917 J & J 83 b. 82 Feb.
C. O. C. & I.—Consol., 7 g.1914 J A D
122 Jan.
General consol., 6 g ....... 1934 J «fe J 119 b. 119 Feb.
C.G.C.&St.L.—Peo.&E.,4s.l940 A «fe O 75 a. 74% Feb.
Income, 4s........................1990 April. * 15 a.
Col. Coal & Iron.—6 g .......1900 F «fe A 94 b. 93 Jan.
OoLH.V al. & Tol.—Con., 5 g.1931 M<& S 88 %a. 86% Mar.
fc
General, 6 g ......................1904 J < D 91 b. 88 Jan.
Denver & Rio Gr.—1st, 7 g. 1900 M«fe N 114%b. 1143a Feb.
J «fe J
lstoon sol., 4 g................1936
81 b. 79 Jan.
Dul. So. Sh. & Atl.—5 g .. .1937 J «fe J 91 a. 90 Feb.
F t. W. & Denv. City.—6 g ._ 3 921 J «fe D
66 b. 65 Feb.
Gal.H.&8anAn.-M.&P.D.lst,5g M «fe N * 91 b. 91 Jan.
Gen. Electric,deb. 5 s ,g ... 1922 J «fe D 88%
87 Jan.
fc
62%
Hons. & T. Cent., gen. 4s,g.l921 A < 0
61 Feb.
Illinois Central.—4 g ........ 1952 A & 0 103 b.
M «fe N 97 b. 98 Jan.
Int.’& GreatNor.—is t, 6 g.1919 M«fe N 117%b. 117 Feb.
2d 4-5s..............
1909 M «fe 8 67%
67% Mar.
Iowa Central.—1st, 5 g ....l9 3 8 J «fe D * 85 b. 84% Mar.
Kings Co. Elev.—1st, 5 g.,1925 J < J
&
68 a. 68 Jan.
Laolede Gas.—1st., o g . . . . 1919 Q - F
93%
90% Feb.
Lake Erie < West.—5 g_ 1937 J «fe J 115 b. 112% Jan.
&
_
L. Shore.—Con. op., 1st, 7 s.1900 «fe J 117 b. 116% Jan.
J
fc
Consol, coup., 2d, 7s.......1903 J < D «120 b. 123% Feb.
Longlsland. - lstoon ., 5 g.1931 Q -J 119 b. 117% Jan.
General mortgage, 4 g .. 1938 J A D
96 a. 95% Feb.
Lonis. < Nash.- Cons., 7 s.1898 A «fe O I l l a. 109% Jan.
fe
N.O. & Mobile, 1st, 6 g ..l9 3 0 J «fe J 116 b. 115% Feb.
“
“
2d, 6 g . . 1930 J «fe J
103 % Mar.
General, 6 g ......................1930 J «fe D 114%b. 114 Feb.
Unified, 4 g .....................«1940 J «fe J 73%
73% Mar.
78 a. 79 Jan.
Nash. Fl.«fe Sh.-lst,gtd.,5 g.’37 F A A
Kentucky Central—4 g .l9 8 7 J A J 83 b. 83 Jan.
Louis. N. A. & Ch.—1st.,68.1910 J A J 109
106 J an.
Consol., 6 g ...................... 1916 A A O 97%
93% Feb.
Louis. St. L. & Texas.—6 g.1917 F «fe A 56 b. 55 Feb.
Manhattan oonsol. 4s........ 1990 A «fe O 97%b. 96 Jan.
Metro. Elevated.—1st, 6 g.1908 J «fe J 119% 118 Jan.
2d, 6s.................................1899 M «fe N 109 a. 107% Jan.
Midi. Cent.—1st, cons., 7s. 1902 M«fc N *120 a. 119 Jan.
Consol., 58....................... 1902 M<& N
108% Jan.
Mil. Lake Sh.«fcW.—1st, 6 g.1921 M«fc N 130 b. 128% Jan.
Exten. < Imp., 5 g ......... 1929 F & A 110% 110 Mar.
fc
Mo. K. & E.—1st 5s, g., gu.1942 A «fe O 84%b. 81 Jan.
M. K. & Texas.—1st, 4s, g.1990 J «fe D 80%
79% Feb.
&
2d, 4 b, g ............................ 1990 F < A 45%
4 4 Feb.
Mo. Pao.—1st,con., 6 g..„.1920 M<& N 86 a. 88% Feb.
M «fe N 103 a.
F «fe A 101 a. 101 Feb.
N o t e .— “ b ” in d ica te s p r ic e

bid; “ a

C losin g R a n g e (sa les ) i n 1 8 9 5
P r ic e
H igh est.
L ow est.
P erio c M a r. 8

R a il r o a d and M iscel . B onds , I n te r ’ i
.

Highest.

i j A J 1 02 b 103 M ar.
F «fe A 1 0 0
1 00
M ar.
7 M < S 101 b. 1 03 % F ob .
&
j < r * 99 a 97
fe
M ar.
7 6 b. 7 6 Jan .
A «fe C
J «fe E 1 1 4 % b 115
M ar.
) M « & S * 63 %a. 6 2
M ar.
SJ < J 1 30 % a . 132 F eb .
fe
¡ A « f e O 1 01 b. 1 0 0 F eb .
M «fe IS
9 3 %b. 9 0 % Jan .
>M«fe N 1 0 3
1 02 M ar.
Î J «fe J 121 %b. 1 20 % Jan .
M «fe S 1 05 %
1 0 5 % M ar.
>M«fe N *118 a. 1 1 7 % Jan .
A < 0 1 17% b. 117 Jan .
fe
J «fe J 1 0 4 %
1 0 3 % F eb .
A < 0 102%
fe
101 % F eb.
J < J 1 08
fc
1 0 7 % Jan .
J < J 131
&
131
M ar.
F < A 1 1 5 b. 1 1 3 % F eb .
&
M «fe S 127% a. 128 M ar.
J «fe D * 5 7 %a. 5 6
M ar.
A < 0 1 2 8 a. 1 26 F e b .
fe
A < 0 1 4 0 % a . 1 37 Jan.
fc
M «fe S
90
88
Jan .
J «fe D 1 09 b. 1 10
F eb.
J «fe J 1 0 3 7sb. 1 0 1 % F eb .
A «te O 1 17 b. 1 1 8 % M ar.
J «fe J
4 5 b. 4 8% F e b .
J As J 113 %
1 12 F e b .
A < «
fe
82%
8 1 % M ar.
G e n e ra l, 3 d , c o u p ., 6 g ._ 193 7 J «fe D
4 9 %b. 4 9 % M a r.
J «fe D * t25 % b . 2 4 Jan.
M «fe N
7 0 b. 70 M ar.
A < 0 t 3 8 b. t 3 7
fc
Jan .
F «fe A * t3 8 b. t 3 8
F eb.
N o. P a c ific < M o n t.&
M «fe S
3 0 b. 3 0 % J an .
J «fe J 1 00% a. 9 6 J an .
J & J 1 0 7 b. 1 0 7 M ar.
C o n s o l., 7 s ...........................1 89 8 J «fe J 1 07% a. 1 07 Jan .
O h io S outhern— 1 s t , 6 g . . . 1921 J «fe D
9 0% b . 9 1 % F eb .
G e n e ra l m o rtg a g e , 4 g. ..1 9 2 1 M «fe N
4 0 b. 4 0 M a r.
m ah a & St. L o u is —4 g . .
J «fe J t 3 5 b. t 3 5
J an .
O re g o n I m p r . C o .—1 st, 6 g
J «fe D
9 8 b. 9 7
Jan .
C o n s o l., 5 g .........................
A «fe O
54
4 9 Jan .
J «fe J 108 %
1 0 6 % Jan .
J < D
&
73 %b. t 7 3
Jan .
P e n n . C o.—4 % g ., c o u p o n . 1921 J «fe J 1 10 % b . 1 09 % Jan .
P e o . D e o . & E v a n s v . —6 g
J «fe J
9 0 b. 9 2
F eb .
M < S
&
9 0 b. 9 3
M ar.
M«fc N
28
25 F eb.
Phila. & Read.—Gen., 4 g.1958 J «fe J 68
6 7 % M ar.
lstp ref. income, 5 g.___1958
19 b. 1 9 % J an .
2d pref. income, 5 g .......1958
10 %a. 10 J an .
3d pref. income, 5 g .......1958
* 6% b.
6 % M ar.
Pittsburg < Western—4 g.1917 J «fe J 8 3 %
fc
8 0 % Jan .
RioGr. western—1st, 4 g.l93a J «fe J
64%
6 3 Jau .
St. Jo. & Gr. Island—6 g ..l9 2 5 M «fe N 51 b. 1 51 F e b .
St. L. & San Fr.—6 g., C1.B.1906 M «fe N 1 13 %b. 113 M ar.
6 g., Class C......................1906 M «fe N 1 13 %b. 1 13 % M ar.
General mortgage, 6 g ..l9 3 1 J «fe J 1 03 b. 1 0 2 J a n .
C ons. g u ar. 4 s, g ............... 1 99 0 A «fe O * 4 9 b. 4 9
M ar.
St. L. So. West.—1st, 4s, g.1989 M«fc N 6 7%
6 2 Jan .
2d, 4s, g., incom e............1989 J «fe J 2 1 %
1 6 % Jan.
St.P.M.&M.—Dak.Ex., 6 g. 1910 M < N 1 17% b. 1 1 7 % F eb .
&
lstoonsol., 6 g ................. 1933 J «fe J 1 1 5 b. 1 16 M ar.
“
reduced to 4% g.. J «fe J 1 0 0 %b. 1 0 0 % Jan.
Montana Extension, 4 g.1937 J «fe D 85 %a. 8 5 F eb .
SanAnt.&A.P.—lst,4g.,gu.,’43 J & J 55 b. 5 2 J an .
Sav. Fla. & West.—1st,6 g. 1934 A «fe O 1 1 7 %a. 112 Jan .
So. Car. < Ga.—1st, 5 g ___1919 M «fe N 9 7 b . 9 5 % Jan .
fe
So. Pacific, Ariz.—6 g ..l9 0 9 -lu J A J 88 a. 8 9 M ar.
io. Pacific, Cal.—6 g .. ..1905-12 A «& 0 *110% b. 1 0 9 % J an .
1st consol., gold, 5 g .......1937 A «fe O 8 9 %
89
F eb.
io. Pacific, N. M.—6 g .......1911 J «fe J 9 8 b. 9 9 % Jan.
iouthern—1st cons, g., 5s.1994 J «fe J 8 6 %
8 4 % J an .
E. Tenn. reorg. lien 4-5s. 1938 M «fe 8 * 8 3 a. 7 9 % F eb .
E. T. Y. & G.—1st, 7 g . . .1900 J «fe J 1 1 2 b. 1 1 1 % F eb .
Con. 5 g ..........................1956 M«& N 1 05 % b . 1 0 2 % F eb .
Georgia Pao. 1st 5-6s, g.1922 J «fe J 1 0 6 b. 1 0 8 M ar.
Knoxv. & Ohio 1st 6s, g.1925 J A J 11136b. 112 F e b .
Rich. «fcDanv. con. 6s, g.1915 J A J 1 2 0 a. 1 1 8 J a n .
West.No.Car.lstoon.6s,gl914 J A J 109
109
F eb.
’enn.C. I. <feRy.—Ten.D.,lst,6 g A <& O * 7 5 b . 7 7 J a n .
Birmingham Div., 6 g .. .1917 J «fe J * 7 8 % a . 7 8 % M ar.
?exas & Pacific—1st, 5 g ..2000 J «fe D 8 4%
8 3 % J an .
2d, income, 5 g ................ 2000 M a rch
22%
2 1 % J an .
’oL Ann Ar. A N. M.—6 g.1924 M«fe N t 7 9
78% Jan.
J «fe J 1 0 7 % b. 1 0 7 % F e b .
J < D
&
F eb.
5 7 b. 5 7
J «fe J 1 0 2 % b. 1 0 2 % M ar.
E x t . s in k in g fu n d , 8 . . . . . 1 8 9 9 M < S
fe
9 2 b. 9 4 M ar.
C o lla te ra l tru st, 4%........ 191 8 M «fe N * 4 1 a. t 4 1
Jan.
G o ld 6s, co l. t r u s t n o t e s . 1 8 9 4 F «fe A
83
F eb .
87
K a n . P a o .-D e n . D iv ., 6 g .1 8 9 9 M «fe N 1 0 3 % b. 1 0 3 % M ar.
1 st c o n s o l., 6 g ............... 191 9 M<& N
63%
62 F eb.
O re g o n S h o rt l i n e —6 g . .l 9 2 2 F A A t 9 0
88
Jan .
O r.S .L .& U t’hN .—C on .5 g .1 9 1 9 A «fe O
40
39
F eb.
U .P .D en .«& G u lf,com , 5 g .1 9 3 9 J A D
F eb.
32% b. 32
J. S. C o rd .— 1 st c o l., 6 g . . l 9 2 4 J «fe J
5 0 b. 5 0 F e b .
M«fe N
9 2 a. 9 4 M a r.
M «k N 1 0 5 %
104% F eb.
2 d m o r t g a g e , 5 g ............... 193 9 F «fe A
64%
6 3 % F eb .
1 0 2 % J an .
Vest. N. Y . < P a .— 1 st, 5 g .1 9 3 7 J «fe J 1 0 3 %
&
2 d m o rtg a g e t r u s t re e t s .1 9 2 7 A «fe O M 2 4 b. 2 3 % J an .
J «fe J 1 0 7
1 0 6 J an .
J «fe J
F eb.
4 5 a. 4 5

113 Jan.
67 Jan.
20% J an.
21% Jan.
49 Jan.
3 Jan.
91% Mar.
90% Mar.
I ll
Jan.
107 Jan.
50 Jan.
112 Feb.
121 Jan.
112% Jan.
108 Jan.
92 Jan.
114% Jan. N. Y . C hic. & St. L .
103% Jan.
121 Feb.
120 Mar.
107% Jan.
75% Jan.
94 Jan.
99% Jan.
121 Jan.
101 Jan.
104 Jan,
96% Jan.
88% Jan.
120% Jan.
116% Jan.
125% Jan.
98% Jan.
86 Jan.
23 Jan.
94% Feb.
126 Jan.
116% Jan.
117% Jan.
111% Jan.
105% Jan.
109% Feb.
109% Jan.
88% Jan.
120 Feb.
143% Jan.
123% Feb.
120 Jan.
110% Jan.
110 Jan.
108 Jan.
102% Feb.
127% Feb.
103 Jan.
91% Jan.
127 Mar.
85 Jan.
122 Jan.
122% Jan.
77 Jan.
95 Jan.
90 Feb.
92 Mar.
115 Jan.
81% Jan.
99% Jan.
74*4 Jan.
91% Jan.
93% Jan.
62% Jan.

..

98% Jan.
119 Jan.
71% Jan.
86 Jan.
71 Jan.
95 Jan.
115 Feb.
118 Jan.
123% Feb.
117% Jan.
97 Jan.
110% Feb.
120 Jan.
104 Jan.
117 Jan.
77 Jan.
85 Jan.
85 Feb.
110 Jan.
97% Mar.
55 Feb.
98 Jan.
121% Feb.
109 Feb.
121% Jan.
1083s Jan.
131 Feb.
115 Jan.
853s Jan.
82 Jan.
4838 Jan.
95 Jan.
104

Jan.

p r ic e a s k e d ; t h e ra n g e is m a d e u p f r o m a ctu a l sales o n ly .

NEW YORK STOCK EXCHANGE PRICES-CContinued).
S E C U R IT IE S .

Railroad Bonds.
( stock E xch a n g e P rices
A lb a »m a M id .— 1 st, g ., g u a r ,. 1928
A . T . & 8. F — 2 d , 4 s, C lass B .1 9 8 9
O oi. M id . 1 st, g.,ÛB........... . . .1 9 3 6
A t l. * P a c .—2 d W. D ., gu . 6 s ,. 190 7
B a lt. * O h io— 1 st, 6 b, P a rk B .1 9 1 9
5 s. irold........................................1 9^ 5




B id .

A sk .

S E C U R IT IE S .

* L a te s t p r ic e th is w e e k ,

1 0 6 % J an .
1 0 3 % Jan .
104 J an .
9 9 J an .
7 9 % Jan .
1 17 % J an ,
6 6 % J an .
1 32 F e b .
101% F eb .
9 3 % F eb .
103 F eb .
124% Jan .
1 09 % J a n .
1 1 7 % J an .
119 J an .
1 05 % F e b .
104 % Jan .
108 % M a r.
1 3 3 % J an .
113% F eb .
1 32 % F eb .
6 5 Jan .
131 Jan .
1 41 Jan .
92
F eh.
1 1 1 % Jan.
108 J an .
119 Jan .
4 8 % F eb.
1 1 4 % Jan.
8 9 % Jan .
58 J an ,
2 7 % Jan .
77% Jan.
t4 1
Jan .
1 45 Jan.
3 4 % Jan .
1 0 0 % Jan .
1 0 7 % F eb .
1 0 7 % F eb.
96
Jan .
43
Jan .
t36
F eb.
99
Jan .
55
M a r;
1 08 % M ar.
7 5 % J an .
I ll
M a r.
9 5 J an .
9 7 % J an .
28 Jan .
7 4 % Jan .
24 Jan.
1 5 % Jan .
11 J an .
8 4 % Jan .
6 8 % J an .
15 9 % Jan .
1 1 4 % Jan .
1 16 J a n .
1 0 4 % J an .
54 Jan.
6 9 % F eb.
23
F eb.
1 19 % J a n .
1 20 Jan.
1 02 % Jan .
8 7 Jan .
56 Jan .
117 J an .
9 8 Jan.
89% Jan.
Ill
F eb.
9 0 % Jan .
1 0 0 % J an .
8 9 % Jan .
8 3 % Jan .
1 1 2 % Jan.
1 0 5 % M ar.
I ll
Jan .
114 F eb.
1 19 J an .
1 1 2 J an .
78
J an .
7 8 % M ar.
87
Jan .
2 5 % J an .
1 82 J a n .
109% Jan.
t6 0 % Jam
1 0 6 J am
98 Jam
t4 1
J an .
9 0 % Jam
108 J am
78
Jam
9 3 % J am
49
J am
3 9 % J am
6 4 Jan.
9 6 % J am
105% Jan

7078 Jam

104
t25
100%
51%

M ar.
F eb.
Jam
Jam

t T ru st re c e ip ts .

INACTIVE BONDS—MARCH 8.

B id .

A sk .

B a ltim o r e < O h io —
fe

oua. mort., gold, 5e........1 9 8 3

W . V a . «fe P itts .— 1 st, g ., 5 s . .1 99 0 *106%
B . < O. S. W ., 1st, g ., 4 % s . ..l 9 9 0 1 0 6
&
M on on . R iv e r , l s t g . ,g . 5 s . ..1 9 1 9
90%
O ent’lO h io R e o r .— 1st, 4 % s .l9 3 0 1 0 2
’ eo“
Ak.«fe Ch. J u n e .— 1 st,g ,5 s,g u . 1 93 0
*
2% B ro o k ly n E le v a te d —2 d , 5 s . ..1 9 1 5 *65
B ru n s w ick A W 'n — 1 st, g . 4 s , 1 93 8
118
RnW R « h A Pitt* —O ati. . 5 s .l937
9 4%
...
iii

69
98

S E C U R IT IE S .

B id .

B .R .A P .—R o o h .
P ., 1 st, 6 s. 192 1
R o o h . & P itts .—C ons. 1 st, 6s, 192 2 115
B url C ed. R a p . < N o .— 1st, 5s, 190 6 1 0 4
&
C on sol. A c o llâ t, tru st, 5 s . .. 1 93 4
M in n ’ A St. L .—1 st, 7 s, g u .. 192 7 130 %
I o w a C. A W e st.—1 st, 7 s — 190 9
95
C ed. R a p . I . F . A N ., 1 st, 6s, 1 9 2 0
85
1 st, 5 s . . . . . . .......................... 1921
1 93 9
O .O hio— C ol. <fcCin.M .ist,4% s,
?
d e n t. R B . A F A u k.—Col. < 5 » 1Q31
r

ASk*
122
117
104%
1 36
95
95

THE CHRONICLE.

4 2 6

[VOL,

NEW YORK STOCK EXCHANGE PRICES.—IN ACTIVE BONDS—fContinuedJ—M
B id .

S E C U R IT IE S .

100%
100 % 101
101
1 04

M ort, g o ld 5 s ............................ 1 93 9
. Cal. A O. D iv ,, e x t ., g . 5 s . . . 191 8
, W est. P a cific—B o n d s, 6 s ___ 1 8 9 9
¿ N o . R a ilw a y (C al.)—1 st, 6 8 .1 9 0 7
5 0 -y ea r 5 s . . . . ....................... 1938
•Ches. & O.—P u r. M . fu n d , 6 s .189 8
C ra ig V a lle y —1 st, g ., 5 s . . . . 1 9 4 0
W arm S pr. V a l., 1 st, g. 5 s .. 1941
<3 ie s . O. A So. W est.—1 s t 6s, g .1 9 1 1
2 d , 6 s ........ ...................................1911
O n. V .—G e n .c o n .ls t ,g u .g ,5 s .l9 3 8
C iic a g o A A lto n —8. F ., 6 s ___ 1903
L on is. A M o. R iv e r —1 st, 7S.1900
2 d , 7 s ........................................ 190 0
8 L . J a c k s . & C h ic.—2 d , 7S.1898
M ss.R . B rid g e —1 st, s. f., 6 s,1 9 1 2
O h o. B u rl. & N or.— 1st, 5 s . .. .1 9 2 6
D a b e n tu re O s .................. . . . . . . 1 8 9 6
O h e. B u rlin g . & Q.—5 s, s. f .,1 9 0 1
I o w a D iv .—Sink, fu n d , 5 s . .1 9 1 9
S in king fu n d ,4 s ....................191 9
P la in , 4 s ...................................... 192 1
C h ic. A In d ia n a C oal—1 st 5 s. 193 6
O h i. M il. & 8t. P .—1 st,8 s ,P .D .189 8
* d , 7 3 -1 0 s, P . D ..................... 189 8
1 st, 7 s, $ g ., R . D ..................... 190 2
1 st, I. A M ., 7 8 ......................... 189 7
1 st, I. A D ., 7 s ......................... 1 89 9
1 s t ,C. A M ., 7 s ......................... 1 90 3
1 s t, I. A D . E x te n s io n , 7 s . ..1 9 0 8
1st, L a C. A D a y ., 5 s . . . . . . . 1 9 1 9
i s t , H . & D . , 7 s ....................... 1 91 0
. 1 st, H . A D ., 5 s . ......................1 91 0
• G o io a g o A P a cific D iv ., 6 s . .1 9 1 0
M in eral P o in t D iv . 5 s ............1 9 1 0
O. A L . Sup. D iv ., 5 s .............. 192 1
F a rg o & S ou th ., 6s, A s s u .. .l 9 2 4
I n c . o o n v . sin k, fu n d , 5 s . .. .1 9 1 6
D a k o ta A G t . S ou th ., 5 s . . . . 1 91 6
«(A lii. A N or. m a in lin e—6 s . . . 1 9 1 0
O a io.& N orw .—3 0 -y ea r deb. 5s,?.921
E soa n a b a A L . 8 .1 s t , 6 s . . . . i 9 0 1
D s s M . A M in n .—1 st, 7 s . . . . 1907
I o w a M id la n d —1st, 8 s ..........1 90 0
P en in su la —1 st, c o n v . , 7 s . . . 1 89 8
D o le . A M ilw a u k ee—1 st, 7 s .1 89 8
W in. A St. P .—2 d , 7 s ............. 1907
MU. & M a d .—1 st, 6 s .............. 190 5
O ct. C. F . A St. P .—1st, 5 s . - 190 9
N orth ern IU.—1st, 5 s ........... 1 91 0
C h .R .I .A P — D .M .A F .D .ls t 4 s .l9 0 5
1st, 2*38....................
190 5
E x ten sion , 4 s ......................1 9 0 5
K s o k u k & D es M .—1 s t ,5 s . . 1923
C h ic. & S t.L .(A to h .)—1 st, 6 s ..191 5
C h ic . St. P . A M in n .—1 s t ,6 s . . .1 9 1 8
o c. P a u l & S . C.— 1st, 6 s ........191 9
O hio. A W . I n d .— 1 st, s. f ., 6 s . 1 91 9
G e n e ra l m o rtg a g e , 6 s ............1 93 2
O n H a m . A D .—C on. s. f., 7 s .l9 0 5
2 d , g o ld , 4 % s .............................193 7
O n . D . A I r ’n —1 st, gu. 5s, g.1 9 4 1
C lev . A k. & C ol.—E q . A 2 d 6s. 1 93 0
C.C.C. A St. L ., C a iro d iv .—4 s , 193 9
S c.L o u .D iv .—I s t c o l.t s ’t 4 s ,g .l9 9 0
S p r in g .A C o l.D iv .— 1 st,g. 4 s. 19 4 0
V H iiteW .V al.D iv.—1 st,g. 4s. 1 94 0
C in .W a b.& M .D iv .—I s t ,g .4 s .l9 9 1
Oin. I. St. L . & C.—I s t ,g .,4 s .l9 3 6
C o n s o l , 6 s ...................................192 0
C in.San.& C l.—C o n .ls t,g .5 s , 192 8
C 1.0ol. Cin. & I n d .—1 st, 7 s ,s .f.l8 9 9
C on sol, sin k, fu n d , 7 s ............1 91 4
C in . & 8p r .— 1 st.C.C. O. A l.7 s . 190 1
C lev e. & M ali. V .—G o ld , 5 s . . . 193 8
C olu n b ia A G reen .—1st, 6 s . .
D e l. L ack. A W .— M ort. 7 s ___ 190 7
S yra . B in g . A N . Y .—1st, 7s

7s o f 1 8 7 1 .............................. 1901
W a rren -2 d , 7 s ..................... .
D A H .C a n —P a. D iv .,c o u p .,78.1917
A b a n y A 8 u sq .—1st, gu .,7 s. 190 6
1st, co n s ., gu a r., 6 s ......... .1 9 0 6
R e i s . A Bar.—1 st, c o u p ., 7s. 1921
D e n v e r C ity C able—1 st, 6 s . . . 190 8
D e av. T ra m w a y —C ons. 6s, g
M etrop ol. R y .—ls t ,g u . g .6 s .l9 1 1
D e n 7. A R . G .—I m p ., g., 5 s . . .1 9 2 8
D e t.M . A M .—L . g. 3 % s,ser.A .1 9 1 1
o n iuth A I r o n R a n g e —1 s t 5S.1937
E rie - 1 s t , e x te n d e d , 7 s ......... 189 7

A sk.
1 17

■Cent, o f N . J .— C on v . d e b ., 6 s .1908

95
1 02

*

91
106% 108
96

115% 117
IIS 1
*
110
107%
105 %
1 06
95
105
108
*

S E C U R IT IE S .

A sk .

105%
9 7%
58 “

Pt. W orth A R . G .—1 st g ., 5 S ..1 9 2 8 k
Gal. H a r. A San A n t.— 1 st, 6 s . 1910
G a. Car. A N o r .— 1st, gu . 5 s, g .1 9 2 9
G a. So. A F la .—1 st, g. 6 s . . . . “ .1 9 2 7

14
5
45
G. B . W. A St. P .— 1st, co n . 5S.1911
48
2%
2d in c. 4 s ....................................1 90 6
125%
H ou sa ton ic—C ons, g o ld 5 s .. . . 1 93 7 1 23
N . H a v e n A D e r b y , C o n s .5 s ..l9 1 8 .......... . . . . . .
H ous. A T . C.—W a c o A N . 7S..1903 1 07
1 05 % 105%
102 “
C ons. g . 6s (int. g t d ) ............. 1 91 2
D eb en t. 6 s, p rin . A in t. g td .1 8 9 7 .........
75
86
D eb en t. 4 s, p rin . A in t. g td .1 8 9 7
Illin ois C entral—1st, g ., 4s ...1 9 5 1 1 10
100
102
C airo B rid ge — 4 s .....................1 95 0
103%
M id d le D iv .—R e g ., 5 s........... 1921 111
C. St. L . A N . O .—T e n . L ,7 8 .1 8 9 7 1 09
1 09
2 d ,’ 6 s .......................................190 7
*116

w

100
86%
*95
110
113
120
1 12
1131!
121
1 25
1 06
1 20

112

Ced. F a lls A M inn.—1st, 7s. .1 9 0 7

In d .D .A W .—1 st 5s, g .,t r .r e o ..l9 4 7 . . . . . .
2 d , 5 s, go ld , tru st r e c e ip t s .. 1948 ____
In d . Ills. A I o w a — 1st, g, 4 s .. 1939 _____
20
Int. A G. N’n .—3d , 4 s, g ....... 1921
K in g s C o .-F .E l. ,1 st,5,g. ,gu. A . 1929 *47%
L ake E rie A W est.—2 d g ., 5 s . 1941 102
127
L. S. A M.SOU.—B . A E .—N e w 7 s .’ 98 1 10
D et. M . A T .—1st, 7 s ............. 190 6 *123
108
L a k e Shore—D iv . b o n d s, 7 s . 1899 112
*
106
K a l. A ll. A G. R .—1 st gu . 5s. 1938 *113
116% 117%
M a h on ’ g C oal R R .— 1 st, 5 s . 193 4 *113
99
LehighV .^N .Y.—1 st g u .g .4 % s .l9 4 0
106
107
L eh ig h V ’ y C o a l—1 st 5 s ,g u .g .l9 3 3

110 %
116
_m
115
118%

1 04
116
117
106% 107

109

111

.........
100%
.........

100
1 05

L ou is.E va n s. A St. L .—C o n .5 s .1 9 3 9
L o u is . A N a s h .—C ecil. B r. 7 s . .190 7
E . H . A N ash.— 1 st 6 s, g . „ . 1 9 1 9
P e n s a co la D iv is io n , 6 s . . . . „ 192 0
St. L o u is D iv is io n , 1st, 6 s ... 1921
2d , 3 s ....................................... 198 0
127
'l3(J
N a sh v . A D e ca tu r— 1 s t ,7 s . . 190 0
1 28
S. f.,6 s .—S. A N . A la .............. 191 0
129%
1 0 -iO , g o ld , 6 s .........................1 92 4
*107
1 15
5 0-yea r“5s, g . ,.......................... 193 7
P en s. A A t.— i s t , 6 s, g o ld . ..1 9 2 1
118
C ollât, tru st, 5 s, g .I T ..........1 9 3 1
100%
L ou .N . A lb . A Ch.—G en .m .g .5 s. 194 0
M a n h attan R y .—C ons. 4 s . .. „ 1 9 9 0
M em p his A C hari.—6 s, g o l d .. 192 4
l s t c o n . T e n u lie n , 7s.“. ........ 1 91 5
90
M e x ica n C ent. C on sol.— 4s, g.1 9 1 1
1st, co n s, in co m e 3 s, g . . . '.1 .1 9 3 9
90

25
105
113%

M e x ica n N a tion a l— 1st, g ., 68 .1 9 2 7
95
96
2 d , in c o m e , 6 s, “ A ” ............... 1917
1 05
2 d , in co m e , 6 s, “ B ” ..............1 9 1 7
108
113% 113% M ich ig a n C entral—6 s . . . . . ___ 190 9
C ou p on . 5 s................................. 1931
M o r tg a g e 4 s ..............................1 940
B at.C .A S trgis.—ls t,3 s ,g .g u ,1 9 8 9
M il. L. S .A W .—C on v. deb7, S s.1 9 0 7
M ich . D iv ., 1st, 6 s...................192 4
A sh la n d D iv is io n —1 st, 6s ..1 9 2 5
127
M inn. A St. L .— 1st, g. 7 s ..........1 927
1 30
I o w a E x te n s io n , r s t ,7 s ........1909
140% 143%
116
S ou th w est E x t.— 1st, 7 s ....... 191 0
117
P a cific E x t .— 1st, 6 s ..............1921
1 19
1 39
M inn . A P a o .—1 st m o rtg ., 5 s . 1 93 6
1 40
M in n .S t.P .A S .S .M — 1st <T.g.4s. 1938
1 16
M issou ri K a n sa s A T e x a s —
M o.K . A T .o f T e x .ls t ,g u .5 s .g .l9 4 2
131
K a n s a s C ity A P ., 1 s t ,4 s ,g .. 199 0
121
141
D a l. A W a co — 1 st, 5 s, gu '.7 ,.1 9 4 0
M issou ri P a c ifie —T ru st“5 s . . . l 9 1 7
1 st c o ll.. 5s. fir______________ 1920
St L .& I .'M ,- - ir k .B r .,ïs t ,7 s .l8 9 5
*
M ob ile A O h io—1 st exit., 6 s . ..1 9 2 7
76
16
St. L . A C airo—4 s ,g u a r ..
1931
92
M orga n ’ s L a . A T .— i s t , 6 s . . . . 1 92 0
108% 1 09
1st, 7 s ...........................................191 8
*114
N ash. C hat. A St. L .—2 d , 6 s .. 1901
U6
N. O. A . N o. E .—P r. L , g ., 6 s . .191 5
*114
N . Y . C en tra l.—D e b . g. 4 s . .. .1 9 0 5
1 00
102
N . J . J u n e —G u ar, i s t , 4 s . ..1 9 8 6
*120
128
B e e ch C reek— 1st, g o ld , 4 s . . 193 6
100
1 06
O sw . A R o m e —2 d ,'5 s ,g .,g u .l9 1 5
U tic a A B l. R iv .—4 s, gi, g u .1 9 2 2
*
59
N . Y . A P u t.—1 st, g /, 4a. g u .1 9 9 3
1 00
1 10
N . Y . N . H . A H .—1 s t ,r e v .4 s .190 3
*100
N. Y . A N o rth e rn —1st, g. 5 s .. 1927
101%
N . Y . Susq. A W est.—2 d , 4 % s .l9 3 7
G en . m o r t., 5 s, g . . . ........... 1940
N. Y . T e x . A M e x .— I s t ,4 s ,g u .l9 1 2
N orth ’ n P a cifio —D iv id ’ d s crip ext,
*104
J a m es R iv e r V a l. —1st, (¿s. 7.1936
S p ok an e A P a l. —1st. 6 s____ 1936
H e le n a A R e d M ’n —1 st,g., 6s 1937
D u lu th A M a n ito b a — ls t ,g .6 s l 93 6
D u l.A M a n D a k .D iv . —I s t 6 s .l9 3 7
C œ ur d ’ A le n e —1st, 6 s, g o ld . 1 9 Î 6
G en . l s t ,g ., 6 s . . . . . .17. ___ 193 8
C ent. W a sh in gton — ls t ,g . ,6s. 193 8

No p r ic e F rid a y ; th ese a re th e la te s t q u ota tion s m a d e this w eek.

....
106
26

119
111
105
100
A
k
66%
9 7%

111%
103
102
69
98
112

68

116%
*100
*104
*

107
130

139
"i.33
125
1 20
1 19
1 1 9 78 120 %

*

7 2%

75
75

77

1 02

102%

*125% 126%
"106
*103
*100
104 % 105%
1 00
1 07
102
*108
117 % 1 2 0
*90
*25
k

8.

S E C U R IT IE S .
N o rfo lk A S ou th ’ n— 1st, 5 s ,g . 1941
N o rfo lk A W est.—G e n e ra l, 6 s . 1 93)
N e w R iv e r 1 st, 6 s..................1935
Im p . A E x t ., 6 s . . . . . . . . . ...... 1934
A d ju s tm e n t M ., 7 s ................1924
E q u ip m e n t, 5 s . . . . . . . . .......... 190?
C lin c h V a l. 1 st 5 s ..................1957
R o a n o k e A S o .— 1st, gu . 5 s, g.1925
S c io to V a l. A N . E .—lst,4 s,.1 9 9 <
O h io A M iss—2 d c o n s o l. 7 s . ..1 9 1 1
S p r in g .D iv .—1 st 7 s . . . . ......... 1 90 ?
G e n e ra l 5 s............... .................. 1 9 3 ‘,
h io R iv e r R R .— 1 st, 5 s .......... 193i
G e n . g . ,5 s ................................. 1 9 3 '
re g o n A C aU for.—1 st, 5 s, g . l 9 2 r
.
Do
do
S eries B ..........
P .C .A 8 .L .-ls t ,0 .,7 s ..................1 9 0
Pitts. F t. W. A C.—1st, 7 s . ..1915
2d , 7 s ...................................... 1915
3 d , 7 s ..................
1915
C h .S L L .A P .— 1st,c o n .5 s ,g ...1935
C lev . A P ,—C ons., s. fd ., 7 s.l9 0 <
G en . 4 % s , g ., “ A ” .............. 1945
St. L .V . A T. H .— 1 st, 6 s., 7 s . l 8 9 r
2 d , 7 s ........................................ 189?
2d , g u a r., 7 s ........................... 189?
G d .R . A I .E x t .— ls t ,4 % s ,G .g , 1941
,e o .A E .-I n d .B .A W .-ls C ,p f.7 s .l9 0 ;
O h io In d .A W .—I s t p r e f .5 s ..l9 3 ?
’e o ria A P e k . U n io n — 1st, 6s .1921
2 d m o rtg ., 4 % s ......................... 192:
’itts. M o. K . A Y .— 1 st 6 s ___ 193 :
’itts. P a in sv . A F .— 1st, 5 s . . .191*
’itts. S hen. A L .E .—l s t ,g .,5 s .l 9 4 (
1st co n so l. 5 s ............................ 194&
’itts. A W est.—M. 5 s, g .1 8 9 1 -1 9 4
’itt s .Y ’g s t’n A A .— 1 st, 5 s ,o o n .l9 2 r
,
’res. A A riz. C ent.—1 st, 6s, g.l91<
2 d in c o m e 6 s ............... . . . . . . . 1 9 K

Bid.

Ask.

102
103
108 % 110
105
55
75
701«
1183*

72*
108*
100*

75

78*

1 06
106
138
1 23
116
1171«
108
105 <
4
110
107
107% 109
114

HO*«
57

67

92 *s
78
78

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

100
3 7% 43

58

1 00
112 %
83
86

........
30
.......
103
111%
........
113%

95%
G old “ 4 s . . . .7 .'........................... 1932
N . Y . A R ’w a y B .—1st, g. 5 s .1927
2 d m o r tg .. I n c . . . . . . . 7 .__ .1 9 2 7
N .Y .A M a n . B e a ch .— 1st, 7 s, 1897
N .Y .B .A M .B .— 1 st co n . 5 s ,g .l9 3 5
1st, 5 s ..................................... 1911

*57%

..........

110%

1 05
1 05

{ 6 th, e x te n d e d , 4 s ..................... 192 8
¡¡g is t , c o n ., g ., f ’ d , 7 s ................ 192 0
, « R e o r g ., 1 st lien , 6 s .................. 190 8
1 ti. N . Y . A E .—1st, 7 s ............1 91 6
£ j Ï .Y .L .E .A W .—F u d .c o u . 5s. 196 9
¿ ¡ C o l . tr u s t,, 6 s ...........................1 9 2 2
% 8 u f f . A 8. W .—M ortg . 6 s . . . . 190 8
% lefferson —1 st, gu . g . 5 s ___ 190 9
jg O o a l A R R .—6 s ......................... 192 2
D o c k A I m p t .,l s t 6 s, eu r’ cy .1 9 1 3
E ire k a S prin gs— 1st, g ., 6 s . . . 193 3
E ?ans. A T .H .— 1 st,c o n s .,6 s ..1921
1st, g e n e ra l, g ., 5 s ..................194 2
M t. V e rn o n 1 st 6 s .................. 1923
33.AT.H .— 8 u l.C o .B r .ls t,g .,5 s .l9 3 0
E v . A R ic h .—1 st g e n .5 s,g .g u . 1931
E vans. A In d ia n .—1st, c o n s ..1 9 2 6 *
F lin t A P . M a rq .—M o r t., 6 s . ..1 9 2 0 1 10
82
1 st co n . gol& 7 5 s ......................1 93 9
P o r t H u r o n — 1st, 5 s ..............1939




B id .

Pla. Cen A P e n .—l s t g . 5 s . . . . 1 91 8

ARCH

LX,

40

75
115

77%
100

K a n . C. A O m aha— 1st, 5 s .. 192'
It. L . A . A T. H .- T e r m . 5 s . .1 9 1 4
B e lle v . A 80. 111.—1st, 8 s ...x 8 9 «
B e lle v . A Car.— 1st, 6 s.......... 192J
C hi.S t.L . A P a d .— ls t ,g d .g .5 s 1 9 1 r
,
St. L o u is So.— 1st, g d . g. 4 s . 1931
do
2 d i n c o m e ,5 s .193 :
Car. A S h a w t.— 1 st g. 4 s . . .. 1 9 3 ’.
It. L . A 8 . F .— 2 d 6 s ,g ., el. A .1 9 0 t
G e n e ra l 5 s . . . . . .........................1931
1 st, tru st, g o ld , 5 s................. 1981
K a n . C ity A 8 .—1st, 6 s, g . . . l 9 1 (
F t. 8 . A V . B .B g . - 1 s t , 6 s . . .1911
K a n sa s M id lan d — 1 st, 4 s, g.1931
It. P a u l A D u lu th —1 s t ,5 s . . . . 1931
2 d m o rtg a g e 5 s ......................... 1911
St. P a u l M in n A M .— 1st, 7 s .. 1901
2 d m o r t .,6 s ..................
1901
M in n ea p . U n io n —1 st, 6 s ___ 1925
M o n t. C en.— 1st, g u a r ., 6 s . . 1931
1 st gu ar. g. 5 s ........................1931
E ast. M in n ., 1 st d iv . 1 st 5 s . 1908
W ilm a rA S io u x F .—1 st, g ,5 s .1 9 3 San F ra n . A N . P .— 1st, g ., 5 s .l9 1 9
S o u th e rn R a ilw a y —
A la o a in a C entral— 1 st 6 s . ..1 9 1 8
A tl. A Q har.— 1 st, p r e f., 7 s . . 1891
I n c o m e , 6 s .............................1900
C olu m . A G reen .—1 st, 5 - 6 s .l 9 1 6
E . Ce in . V. A G a .— D i / t f . l s 193 0
R ic h .A D a n .—E q . s. f. g. 5 s . 1909
D e b e n . 5 s, s t a m p e d ..........1927
Vu-’ a M id.—S erial s e r.A , 6 s . 1*906
S eries B , 6 s ............................. 1911
S eries C, 6 s . . . ....................... 1 9 1 6
S eries D , 4 - 5 s ....................... 1 92 1
S eries E , 5 s . . . ......................1 9 2 6
S eries F , 5 s ......................... ..1 9 3 1
W ash .O .A W .— 1 st o u r .g u .4 s .1 9 2 i
T e r .R R .A s ’n o f S t.L .-ls t ,4 % s ,1 9 3 9
T e x a s A N e w O rleans— 1 st,7 s .190 5
S ab in e D iv is io n , 1 st, 6 s . .. ..1 9 1 2
194 3
C on sol. 5 s, g ..................
T e x . A P a c ., E . D .—1st, g. 6 s. 1905
T h ird A v e n u e (N .Y ).—1 st 5 s, 1937
T o l. A . A . A C ad.— 6 s ..................1917
T o le d o A . A . A G ’ d T r .—g. 6 8.1921
T o l. A . A . A M t. P L — 6 s ............1 91 9
T o l. A . A . A N . M .—5 s, g ..........194 0
T .A O .C .—K a n . A M ., M ort. 4 8 .1 9 9 0
T o L P .A W.— 1 st 4 s ,in o .f’ d .o o u .J u ly
U lster A D e l.—1 st, o o n .,6 .,5 s .l9 2 a
U nion P a cifio— 1 st, 6 s ............... 1 89 6
1 st, 6 s ...........................................189 7
1st, 6 s .......................................... 189 9
C o lla te ra l T ru st, 6 s ................ 190 8
C olla te ra l T ru st, 5 s ................1 9 0 7
K a n s a s P a cifio —1 st 6 s, g . . . l 8 9 5
1 st, 6 s, g ...................................189 6
O. B r. U . P - F . 0., 7 s ............189 5
A to h . C ol. A P a c .—1 st, 6 s ... 1 90 5
A tc h . J . C o. A W .—1 st, 6 s . . . 190 5
U . P . L in . A C ol.— 1 s t ,g ., 5s. 191 8
O reg.S .L . A U .N .,co l.trs t.,5 s. 1 91 9
U ta h A N o rth .— 1 st, 7 s..........190 8
G o ld , 5 s . . ................................ 192 6
U ta h S ou th ern —G e n ., 7 s ..1 9 0 9
E x t e n ., 1st, 7 s ......................190 9
V a lle y R ’ y C o . o f O .— C on. 6 S .19 2 1
W abash—D e b e n tu re , 8 er. A ... 1 93 9
D e b e n tu re , S eries B .............. 1 93 9
D e t. A C hic. E x t . 1st, 5s, g .,1 9 4 0
N o. M issou ri— 1st, 7 s ..........18S-5
St L .K .C .A N .—R .E .A R R .7 S .1 8 9 5
S t.C h arles B r’g e —1 st, 6 s .. . 190 8
W est. Va. C. A P itts .—1st, 6 8 .1 9 1 1
W h e e l.A L .E .— 1st. 5 s , g o l d . . . 1 9 2 6
E x te n s io n A I m p , g ., 5 s........1 9 t 0

104%
1 06

113>s
90
75
*85
iio *

111

105

1173s iïé%
1 20
1 1 2 is 115
100
103
98
95
100
100
102
111
*92 %
92*

77
105
110
118is 1 1 9
67
80
37%
79
65
1 03
102%
102 %
1 03 % 105
83
1 03 %
104
33
40
23%
1 00
84
75

97
1 0 1 % ........
101%102
100
.....

F o r iT lisu eila u eou s a u d C u tis te a d u u i l s . —S ee 3 d p a g e p r e c e d in g

THE CHRONICLE.

Mae ch 9, 1895, J

% n m s tm m t
AND

R o ad s.

427
Latest Earnings Reported,
WeekorMo\ 1894-5.

1893-4.

j Jan. 1 to Latest Date.
1894-5.
$

j 1893-4.

Gulf & Chicago. January..
4.177
3,515
4.177
3,515
Gr. Rap. & Ind. 4th wk Feb
40.335
280,251
37,257
270,703
Cin. R. A Ft. W. 4thwk Feb
7,967
9,545
60,791
60,078
Traverse City. 4th wk Feb
768
1,149
9,102
5,475
Mus. G. R. & I. 4th wk Feb
2.317
1,843
15,592
12,593
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con­
Tot. all lines 4 th wk Feb
51,387
49,794
362,109
352,481
tains extended tables o f the Stocks and Bonds o f Railroads Grand Trunk... Wk Mar. 2 316,523 340,312 2,557,721 2,749,880
Chic. & Gr. Tr. Wk Feb. 23
49.835
49,423
and other Companies, with remarks and statistics concerning
Det.Gr.H.AM. WkFeb.23
17,164
16,923
the income, financial status, etc., o f each Company. It is Great Nortli’n— February .
St. P. M. & M.
683.973 658,108 1,373,884 1,330,400
East of Minn.. February.
published quarterly on the last Saturday o f January, A pril,
95,136
62,326
181,306
126,192
Montana Cent. February. 110,464 117,389
216.322
218,356
July and October.
Tot. system. (February. 889,573 837,821 1,771,512 1,674,948
3,383
2,186
3,383
2,186
The S t r e e t R a i l w a y S u p p l e m e n t is published quarterly Hoos.Tun.AWil. J anuary...
Hous.E.&W.Tex January..
50,200
45,467
50,200
45,467
on the last Satuday o f February, May, A ugust and November. Humeat’n * Shen January...
9,442
9,200
9,200
9,442
Both S u p p l e m e n t s are furnished without extra charge to Illinois Central. J anuary... 1,571,191 1,486,036 1,571,191 1,486,036
Ind. Dec.AWest. 2 wks Feb
16,729
14,006
84,834
77,389
In. A Gt. North’n 4th wk Feb
79.951
54,427
all regular subscribers o f the C h r o n ic l e .
655,010
505,069
Jlnteroc. (Mex.) Wk.Feb.16
49,329
44,460
324,458
313,258
Ih e General Quotations o f Stocks and Bonds, occupying six Iowa Central.... 4th wk Feb
32,166
29,798
242,094
301,007
Iron
4,119
3,555
4,119
3,555
pages o f the C h r o n ic l e are published on the t h ir d S a tu r ­ Jack.Railway... January.
T. A K . W January.
95,632
72,921
72,921
95,632
.i airiest’ n &L. E. January.
d a y o f each month.
2,622
2,787
2,622
2,787
Kanawha* Mich 4th wk Feb
6,653
6,305
55,895
49,235
K.C.F.S. AMem.. 3d wk Feb.
78,404
83,196
578,295
646,358
K.C. Mem. A Bir. 3d wk Feb.
15.951
18,845
142,590
'
RAILROAD EARNINGS.
171,309
Kan.C. N. W .... January*..
28,291
18,245
18,245
28,291
The following table shows the gross earnings of United
Kan.O.* Beat. January...
401
1,078
401
1,078
C. Pitts. & G ..
3dwk Feb.
9,996
States railroads (and also a few Mexican and Canadian roads) K.
7,099
63,291
38,173
Kan.C. Sub. Belt 3d wk Feb.
3.792
3,308
25,726
25,302
for the latest period reported. The statement includes every Keokuk & West. 3d wk Feb.
7,265
7,770
48,217
53.278
road from which regular weekly or monthly returns can be L. Erie A ll.* So. January...
7,849
4,394
7,849
4,394
obtained. The first two columns of figures give the gross L. Erie & West.. 4th wk Feb
78,080
68,972
533,493
471,115
Lehigh & Hud.. January...
37.557
34,513
37,557
34,513
earnings for the latest week or month, and the last two col­
Island.......
218.857
225,585
umns the earnings for the calendar year from January l to LongAng. Term. January... 218.857 225,585
Los.
January...
16,000
11,380
16,000
11,380
and including such latest week or month.
Louis.Ev.ASt.L. 4th wk Feb
28,310
29,212
198,219
226,141
Louisv.ANashv. 4th wk Feb 389,545 357,807 2,971,472 3,135,737
Latest Earnings Reported.
58,101
Jan. 1 to Latest Date. Louis. N.A.ACli. tth wk Feb
47,149
405,851
350,091
Lou. St.L. A Tex. 4th wk Feb
R oad s.
7,636
6,732
58,484
55,685
WeekorMo\ 1894-5.
M acon * Birm.. January...
1893-4.
1893-4.
1894-5.
6,422
7,777
6,422
7,777
Manistique........ January...
10,270
6,169
10,270
6,169
Memphis* Ch as. 3d wk Feb
%
16,541
21,579
136,628
186,974
A d ir o n d a c k ___ January...
14,504
13,973
14,504
13,973 tMexican Cent.. 4th wk Feb 185,233 189,344 1,482,454 1,398,730
A la . M id la n d .. December.
56,251
55,169
568,137
515,577 Mexican Inter’l November. 178,728 165,829 1,876,135 1,839,175
176,664 154.849
A lle g h e n y V a l. January...
176,664
154,849 IMex. National. 4th wk Feb
94,908
77,812
663,259
650,323
A rk . M id la n d .. December.
14,313
102,750
11,147
87,362 Mex. Nortnern.. January...
42,108
51,950
42,108
51,950
A to li. T. & S. F e 3d wk Feb. 491,418 508.896 3,710.534 3,749,723 tMexican R’way Wk Feb. 16
65.299
64,073
448.322
414,881
103,802 105,587
St. L . & S an F 3d wk Feb.
742,587
767,131 Mexican So....... 2d wk Feb
9,760
9,267
57,240
57,954
66,112
A tla n t ic A P a c 3d wk Feb.
54,920
428,094
31.307
29,949
387,956 Minneap. A St.L. 4th wk Feb
231,673
247,686
C ol. M id la n d . 3d wk Feb.
23,449
23,741
184,952
216,505 Mo. Kan. A Tex 4th wk Feb 242,163 172,440 1,750,765 1,351,317
A g g . t o t a l .. 3d wk Feb.
684,781 693,144 5,066,167 5,121,315 Mo.Pao. Alron M 4th wk Feb 524.000 524.000 3,174,876 3,390,987
A tla n ta A W . P December.
Central Br’ch. 4th wk Feb
43,268
52,329
486,375
461,363
18,000
26,000
86,950
132,200
A tla n . A D a n v . Is twk Feb
8,897
9,652
Total........... 4th wk Feb 542.000 550.000 3,261,826 3,523,187
47,835
45,596
A u s tin & N ’ w est November.
22,498
31,019
230,740
241,602 Mobile & Birm.. 3d wk Feb.
4,966
5,075
38,949
42,454
B .A O .E a st L in es January... 1,235,101 1,228,774 1,235,101 1,228,774 M obile* Ohio.. February. 230,725 256.737
502,401
550.578
W e stern L in es January...
426,365 312,395
426,365
312,395 Mont. &Mex. Gif. January... 105.000 101,902
105,000
101,902
January... 1,661,466 1,541,169 1,661,466 1,541,169 Nash.Ch.*St.L January... 382,804 411.775
T o t a l.
382,804
411,775
B a l.A O .S o u ’ w .cf 4 th wk Feb 113,028 122,969
992,215 1,002,207 Nevada Central. J anuary...
1,456
2,827
1,456
2,827
B a th A H a m ’ ndi January...
1,635
1.635
24,409
1,788
23,365
1.788 N. Jersey &N.Y. January...
24,409
23,365
B ir . A A tla n t ic . January...
1,073
1,602
1,073
1,602 New Orl. & So’n. 4th wk Jan
2.310
1,926
8,640
9.767
B r o o k ly n E le v . 1st wk Mob
40,483
460,012
35,668
323,006 N.Y. C.&H. R .. February. 2,966,689 3,003,991 6,117,398 6,175,083
B ru n sw ’k& W est December.
N. Y. L. E .& W .. January... 1,887,391 1,788,033 1,887,391 1,788,033
49,148
43,491
B uff. R o ch . A P it t 4th wk Feb
56,982
52,347
425,777
428,105 N. Y. Pa. * Ohio. December. 481,658 506,040 5,778,883 7,253,059
B u r. C .R a p .A N 3d wk Feb.
74,283
481.059
74,979
512,002 N. Y. Ont. & W.. 4th wk Feb
78,770
66,015
508,086
480,961
C am d en & A t l. January...
44,021
44,021
40,632
40,632 N. Y.Susq.&W.. January..
200.857 137,887
200.857
137,887
C an a d ia n P a cilic 4th wk Feb 279.000 297.000 2,163,036 2,545,007 Norf. ASouth’n. January..
36,462
35,426
35,426
36,462
C ar. M id la n d ___ J anuary..
2,865
4,469
2,865
4.469 Norfolk & West. 4th wk Feb 185.001 152,707 1,416,805 1,343,973
C ent, o f G eorg ia December.
North’n Central January.
545,016 541,981
490,590 437,070
490,590
437,070
C en tra l o f N . J .. January...
852,433 894,113
852,433
894,113 North’n Pacific. 4th wk Feb 237,130 205,824 1,924,123 1,913,531
C en tra l P a cific.. November. 1,149,338 1,146,443 12,106,051 13,340,486 Ooonee & West. January..
2,919
1,810
1,810
2,919
C h a rlest’n& Sa v. December.
51,570
60,572
615.927
10.874
12,037
90,301
636,407 Ohio River........ 4th wk Feb
90,190'
C h a r.S u m .A N o. January...
5,680
13,145
14.973
5,680
14,973
13,959
13,145 Ohio Riv.& Chas January,
13,959
C heraw . & D a r i.. December.
7,973
8,045
88,932
14,943
9,981
91,887 Ohio Southern. 4th wk Feb
127,746
110,059
C hes. A O h io ___ 4th wk Feb 209,147 166,595 1,427,290 1,422,447 Omaha A St. L. December.
21,052
42,517
365,419
537,580
C h e s .O .A S o .W .. January..
176,930 172,285
176,930
172,285 Oregon Imp. Co January... 262.576 281,450
262,576
281,450
C hic. B u r. & N o . January*.
120,305 140,150
4,507
120,305
140,150 Ow.F.Rou.AQ.R December.
3.557
C hic. B u r. & Q .. January.. 2,254,526 2,636,980 2,254,526 2,636,980 Pennsylvania... January... 4,678,271 4,159,829 4,678,271 4,159,829
C h ic. A E a s t.H I. 4ihwkFeb
75,884
71,972
613,078
21,476
16,123
590,800 PeoriaDeo.AEv 4th wk Feb
152,318
129,689
C h ica g o & E r ie . January..,
183,462 192,832
183,462
43,262
38.739
392,832 Petersburg...... January...
38,739
43,262
C hic. G t.W est’ n . 3d wk Feb
64,490
65,944
434,885
454,873 Phila. & E rie... December. 279.854 303,667 3,965,197 5,101,880
C h io .M il.& S t.P l 4th wk Feb 597,376 581,768 3,821,899 4,261,608 Phila. & Read’g. January... 1,568,307 1,394,295 1,568,307 1,394,295
C h ic.& N ’th w ’n . January... 1,934,560 2,169,315 1,934,560 2,169,315
Coal&Ir. Co... January... 1,892,958 1,584,382 1,892,958 1,584,382
C h io .P e o .A S t.L . 4th wk Feb
11,815
Total both Cos. January... 3,461,265 2,978,677 3,461,265 2,978,677
15,327
140,442
122,553
C h io .R ’ k I . & P . . February. 1,010,525 1,234,787 2,135,419 2,547,293 Pitts. Mar. &Ch. January...
3,192
3,192
2,835
2,835
C hio.S t.P .M .& O . January...
464,027 593,005
27,801
32,173
464,027
27,801
593,005 Pitt.Shen.&L.E. January...
32,173
C hic. & W . M ich . 4th wk Feb
29,610
25,582
210,601
28,086
18,270
183,759
210,896 Pittsb. & West.. 4th wk Feb
162,220
C in .G a . & P o rts , January...
Pitts. Cl. AToi. 4th wk Feb
4,477
15,639
9,300
4,477
4,586
105,871
4,586
81,340
d in . & K e n t. Sou. December.
Pitts. Pa. & F 4th wk Feb
1,048
10,603
1,410
5,519
3,573
12,472
25,072
34,921
C ln .J a ok .& Mao. 4th wk Feb
12,974
Total system.. 4th wk Feb
46.740
31,143
95,554
94,182
16,538
314,702
278,481
C ln. N .O .& T .P . January...
270.000 297.000
76,022
270.000
52,704
76,022
297.000 Pitt.Young.&A. January...
52,704
A la . G t. S outh. January,.
133.000 127.000
133.000
18,839
18,839
18,318
127.000 Quincy O.&K.C, January...
18,318
N . O rl. & N . E. January..,
122.000 111.000
122.000
111.000 Rich.Fr’ksb.&P, January...
54.198
56,407
54,198
56,407
A la . A V iok sb . January...
44.000
54.000
23.717
26.874
44.000
54.000 Rich. & Petersb. January...!
23,717
26,874
V ick s. Sh. & P . January..,
50.000
54.000
50.000
5,598
6,410
54.000 Rio Gr. South’ n 4th wk Feb
55,744
52,761
E r la n g e r Syst, January...
619,000 643,000
619,000
31,600
29,900
643,000 Rio Gr.West’n. 3d wk Feb.
236.553
227,370
C in. P o rts . & V . J anuary...
18,506
14,002
8,670
7,355
18,506
14,002 Sag.Tuscoia&H. J anuary...
8,670
7,355
C ol. & M a ysv. December,
944
942
10,969
6.791
7,005
85,941
14,310 Sag. Val. & St. L. December.
92,554
d e v .A k r o n & C o 4th wk Feb
15,450
127,334
32,140
26,980
134,465 St. L. A. A T. H 4th wkFeb
16,178
213,830
223,627
C lev . C an. & S o .. 2d wk Feb
20,273
18,491
St.L.Ken’et&So. January...
3,276
3,058
3,276
3,058
C l.C in .C h .& S t.L 4th wk Feb 269,508 246,611 2,001,901 1,816,605 8t.L. South w’rn. 4th wkFeb
101,900
86,200
819,800
704,026
P e o . A E a s t’ n . January...
132,957 112,516
19,926
132,957
112,516 St. P a u l* Dul’th 4th wk Feb
170.205
23,706
174,959
C l. L o r. & W heel 4th wk Feb
21,601
162,307
12,313
131,881 San Ant. ¿6 A. P January... 194,509 127,037
194,509
127,037
C ol. H . V .& T o i . February
179,495 170,063
383,339
357,782 S.Fran.AN.Pao. 1st wk Feb
9,855
10,419
49,516
54,429
C ol. S an d ’y & H . 4th wk Feb
11,715
126,939
16,265
84,583 Sav. Am. * Mon January...
38,955
38,955
40,307
40,307
C o lu sa & L a k e . January...
1,00(
1,000
1,300
1,300 Sav.Fia. & West, December. 397.781 426,310 3,446.597 3,380,400
C ry s ta l................. December.
1,009
14,814 Sner.Shrev.* So 4th wk Feb
865
10,891
6,845
7,680
58,063
57,734
O u m b T d V a lley . January...
58,633
55,570
58,633
5,034
55,570 Silverton........... December.
5,076
53,597
68,393
D env.
R io Gr. 4th wk Feb 121,200 120,300 1,018,215 1,005,608 So. Pacific Co.—
D e t.L a n s ’g A N o. 4th wk Feb
18,525
150,392
15.896
Gal.Har.AS.A November. 436,494 370,711 3,850,355 3,880,716
136,715
D u lu tlia .S .& A tl. 4th wk Feb
30,598
249,397
895,593 1.016.723
93,806 103,252
198,458
24,095
Louis’aWest.. November.
E lg in . J o l. & E a st February.
83,867
89,980
Morgan’8L*T. November. 723,349 747,988 5,324,697 5.063,311
164,559
184,157
E u re k a S prings. December.
9,215
N. Y.T. A Mex. November.
73,016
78,405
7,175
28,695
239,827
241,651
29,497
E v a n s. A In d ’p lis 4th wk Feb
5,211
Tex. AN. Orl.. November
45,403
5,835
42,061
155,991 154,464 1,417,689 1,626,935
E v a n s . & R ic h .. 4th wk Feb
1,495
1,552
10,701
12,295
Atlantio sys.b. November. 1,491,936 1,432,106 11,952,692 1.1,987,888
E v a n s v . A T . H . 4th wk Feb
20,008
159,363
166,358
20,846
Pacific system November. 2,787,926 2,797,034 28,842,257 32,378,852
F it c h b u r g ............ January...
513,328 514,712
514,712
513,328
Total of all. November. 4,279,862 4,229,140 40,794,949 44,266,740
F lin t & P . M arq. 4th wk Feb
50,087
385,950
342,795
So. Pac. of Cal November. 805,215 830,579 8,353,575 9,9? 0,940
62,205
F ld .C n t .* P enin lstw k Jan
53,440
59,710
59,710
53,440
So.Pac.of Ariz November. 203,525 181,763 1,914,285 1,875,445
F t.W . & R io Gr. 4th wk Feb
9,354
848,163
80,45 t
870,278
4,839
67,576
83,290
39,111
So.Pao.ofN.M. November
G a d s. & A tt. U . January...
623
546
623
546 Southern R y ... 4th wkFeb 335,481 363,508 2,826,936 2.958.723
18,826
G e o r g ia R R ........ 3d wk Feb.
74,486
170,576
104,248
74,486
214,546 Summit Branch. January... 104 248
29,918
76,042
G a . C ar’la A N o. December.
65,883
84,778
65,883
553,311
711,445
72,108
84.778
Lykens Vallej January.. .
189.02«
70,736
G e o . So. < F l a .. January...
&
70.7361
90,712
90,712
140.369
Tot’l both Co’s January... 189.« 26 140 369J

I R a ilr c r a c l




% n td lig m u .

THE CHRONICLE.

428
L a test E a rn in g s R ep ortea .

R oads.

Week, o r Mo

1894-5.

1 89 3 -4 .

J a n . 1 to L a tes t D ate.
189 4 -5 .

I Vou LX.
L895

3 d w eek o f F eb ru a ry.

1894

1893-4.

$
$
1 ,0 1 8 ,9 0 4 1 .0 2 4 ,8 8 2
S ta ten Isl. B . T.
1 ,1 8 0
1 ,1 8 0
1 ,3 9 7
J a n u a r y ...
1 ,3 9 7
B ton yC l.& C M t..
1 24 ,06 3 1 ,1 1 0 ,6 7 8 1 ,0 7 1 ,1 8 7
1 50 ,83 6
T e x a s & P a cific. 4th w k F eb
3 ,9 4 0
4,481
3 ,9 4 0
4 ,4 8 1
T ex.S .V a l& N W J a n u a r y ...
1 51 ,94 3
1 5 8 ,4 7 6
1 9 ,2 2
3 4 ,4 8 5
T ol.A . A & N o .M . 4 th w k F eb
2 2 1 ,4 3 4
2 6 7 ,0 6 9
30,1 01
2 9 , 87
T >1.A O h io C en t. 4 th w k F eb
1 5 1 ,8 5 5
1 4 0 ,5 9 1
1 4,8 54
1 5,5 54
T ol. P . & W e s t.. 4 th w k F eb
2 1 7 ,8 7 4
1 7 9 ,2 9 8
2 3 ,0 9 6
2 7 ,7 2 1
T o l.S t.I i.d fK .O . 4 th w k F eb
2 2 ,6 3 3
2 3 ,8 1 4
2 3 ,8 1 4
2 2 ,6 33
U lster dt D e l .. . J a n u a r y ...
U n ion P a c ific —
U n. P a o. R R . . D ecem b er. 1 ,1 0 1,69 6 1 ,2 9 9,33 3 1 4 ,7 3 9 ,4 3 7 1 7,3 7 6 ,7 9 2
3 8 5 ,0 4 7 5 ,0 1 6 ,6 8 3 5 ,8 6 1 ,6 3 5
3 8 7 ,1 7 7
O r .S .L .& U .N D ecem b er.
7 8 6 ,9 8 3 1 ,0 0 5 ,6 9 9
5 8 ,6 62
1 04,731
8 t.J os.d fG d .Is. D e c e m b e r.
1 6 0 ,4 2 0
9 6 ,1 5 6
5,7 9 3
1 3 ,8 3 6
K an.C .dtO m . D ecem b er.
1 4 4 ,1 4 1
9 2 ,0 8 4
1 5 ,5 44
3 d w k Feb.
2 2 ,9 7 5
T ot.9 t.J .d fG .I.
1 3 2 ,2 0 0
8 6 ,9 50
2 6 ,0 0 0
1 8 ,0 0 0
O en t.B r..........« 4 th w k F e b
A oh .C ol.& P . ( D ecem b er.
4 8 6 ,8 7 9
3 5 5 ,8 2 8
2 9 ,7 3 4
2 1 ,8 6 6
A ch .J .C .& W >
3 6 5 ,8 4 3
7 6 8 ,1 1 1
46,2 01
2 9 ,7 8 6
A fontan a U n .. D ecem b er.
4 3 ,5 8 0
4 1 ,5 5 0
4 ,2 3 2
3,031
Alan. A l. df B a r. D ecem b er.
G P d tota l.* c D ecem b er. 1,7 1 3,87 4 2 ,0 7 6 ,6 2 3 2 3 ,2 5 4 ,8 2 9 2 7 ,8 6 1 ,8 3 5
3 9 5 ,0 8 6
4 1 1 ,2 2 0
5 7 ,1 3 2
6 3 ,4 7 5
U. P a o. D .d f G. 3 d w k F eb.
1 6 8 ,3 4 2
1 7 3 ,2 1 4
16,8 42
1 2 ,1 69
F t W ’ th & D .C . 4th w k F eb
23 *,719 1 ,7 5 0 ,5 2 3 1 ,7 6 7 ,6 4 3
2 3 9 ,7 1 1
W a b a s h ... . ........ 4th w k F eb
2 3 2 ,2 8 0
2 1 2 ,1 7 4
3 8 .6 3 4
1 8 ,7 5 6
W a c o df N orth w D ecem b er.
9 3 ,1 >4
8 4,3 28
9 3 ,1 1 4
8 4,3 28
W est J e r s e y ....... J a n u a r y ...
6 9 ,6 6 2
7 1 ,7 9 9
6 9 ,6 6 2
7 1 ,7 9 9
W .V.Cen.dt P itts J a n u a r y ...
4 0 8 ,7 3 9
3 6 8 ,1 4 3
2 5 ,8 2 0
3 0 ,6 7 8
W est Va. df P itts. D ecem b er.
5 3 3 ,6 o 5
4 9 7 ,1 9 1
50,0 11
4 8 ,1 7 6
W estern o f A la .. D e c e m b e r.
* 7 2 ,5 2 5
8 2 ,4 85
7 2 ,5 2 5
8 2 ,4 8 5
W est. Afaryland. J a n u a r y ...
3 7 2 ,6 1 7
3 5 6 ,3 4 8
4 8 ,7 0 0
6 1 ,3 0 0
W est. N .Y . dr Pa. 3 d w k F eb.
1 7 4 ,8 5 4
1 9 0 ,3 3 3
2 6 ,9 4 4
22,0 91
4 th w k F eb
W heel, df L . B rie
7 ,8 4 7
5 ,9 0 8
7 ,8 4 7
J
5 ,9 0 8
W righ tsv.& T en . 1 a n u a r y ...

$

2 6 5 ,4 7 6
15,1 57

P re v io u sly r e p ’d (6 6 r’ds)
B ro o k ly n E le v a te d ...........
Burl. Ced. R a p . df N o rth .
C h ica go dt G ra n d T ru nk*
D et. G r. H a v . df M ilw .* ..
D uluth 8 . S. & A t la n t ic ...
F lin t & P e re M a rq u e tte .
In te ro ce a n ie (M e x .).* ___
K a n . C ity F t. 8 . dt M em ..
K an. C ity M em . dt B ir m ..
K e o k u k dt W e ste rn ...........
M em phis & C h a rle sto n ..
M e x ica n R a ilw a y * _____ _
St. J o se p h & G d. Is la n d .
St. L ou is A lt o n & T . H ..
W estern N. Y . dt P e n n ...
T o ta l (81 r o a d s )............
N et in cr e a s e (0*88 p

in c r e a s e .

D ecrease.
2 1 5 ,9 3 1
'" * 6 9 6
5 ,5 2 1
1 ,3 8 8

7 ,1 5 7
*3*,9*2*3
*4,859
’ *4*,7*9*2
2 ,8 9 4
505
5 ,0 3 8

**7*481
2 ,7 3 0
6 ,3 5 2 ,4 4 9

2 5 0 ,8 4 9

6 ,2 3 6 ,8 1 3

* F o r w e e k e n d in g F e b ru a ry 16.

For the month of February 87 roads (all that have furnished
statements for the full month as yet) sho v aggregate results
as follows :
1 89 5 .

M onth o f F eb ru a ry .

1894.

$
1
$
G ro ss e a rn in g s (87 r o a d s )i2 6 ,1 9 1 ,8 9 0 2 6 ,7 1 4 ,7 8 9

D ecrea se.

F er Cent.

$

5 2 2 ,8 9 9

1*95

It will be seen there is a loss on the roads reporting in the
amount of $522,899, or 1 *95 per cent.

t In clu d e s M ilw a u k ee & N o rth e rn f o r a ll p e rio d s .
* F ig u res g iv e n d o n o t in clu d e O re g o n R y. & N ay., U u. Pao. D e n v e r <
fc
G u lf, D e n v e r L e a d v ille & G u n n ison a n d L e a v e n w o rth T o p e k a dr S o u t h ­
w es tern .
■a T h ese figu res in c lu d e resu lts on le a se d lin es.
t> I n c lu d e s e a rn in g s fr o m fe r r ie s , e t c ., a o t g iv e n s e p a ra te ly , i M e x i­
ca n cu rre n c y , c I n c lu d e s o n ly h a lf o f lines in w h ic h U n io n P a c ific h a s
a h a lf in te re s t, d In clu d e s O h io & M ississip p i in b o th y e a rs .

¿M Earnings Monthly to Latest Dates.—The table fol­
et
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
Latest ttross Earnings by Weeks.—The latest weekly in the Chronicle of February 23, 1895. The next will appear
earnings in the foregoing are separately summed up as in the issue of March 23, 1895.

follows:

For the fourth week of February our preliminary statement
covers 64 roads, and shows 5*85 per cent gain in the aggre­
gate.
Ath w eek o f F eb ru a ry.
B a lt. & O h io S o u th w e s t.
B u ffa lo R o ch . & P itts b ’g .
C h ica g o & E ast. I llin o is
C h ic a g o M ilw . & St. P aul
C hic. P eoria & St. L o u is .
C h ica go & W e st M ich igan
Gin. J a o k so n & M a ckin a w
C lev e. A k ro n & C oln m bus
C le v e . Cin. C hic. & St. L . .
C lev. L ora in & W heel’g . .
CoL S an d’ sk y & H o ck in g .
D e n v e r & R io G ra n d e ___
D e tr o it L a n s’ g & N o rth ’n
D u lu th S o. S h ore & A tl
E v a n s v . & In d ia n a p o lis .
E v a n s v ille & R ic h m o n d .
E v a n s v . < T e rr e H a u t e ..
&
F lin t & P e r e M a rq u e tte ..
F t. W orth & D en v . C ity .
F t. W o rth & R io G ra n d e.
G r a n d R a p id s & I n d ia n a .
C in cin n a ti R . & F t. W ..
M usk. G r. R a p . & I n d .
G ran d T ru n k o f C a n a d a ..
C h ica g o < Gr. T ru n k . .
&
D et. G r. H a v e n & M il..
I n t e r n ’l & G t. N orth ’n . . .
K a n a w h a & M ich ig a n ___
L a k e E rie & W e s t e r n ___
L o u is v .E v a n s v . & St. L . .
L o u is v ille & N a s h v ille ...
L ou is. N. A lb a n y & C h ic.
L o u is v ille St. L . & T e x a s .
M in n e a p o lis < St. L o u is .
&
M o. P a ciflo & I r o n M t ___
N . Y . O n ta rio & W estern
N o r fo lk & W estern ...........
N o rth e rn P a c iflo
...............
P e o r ia D e o . & E v a n s v .. .
P itts b u rg & W estern ........
R io G ra n d e S o u t h e r n .. .
S t. L ou is A lt . & X. H a u te.
St. L o u is S o u th w e s te r n ..
S h erm a n S h rev e. & S o ...
S o u th e rn R a ilw a y ............
T o l.A n n A rb o r & N .M ieh .
T o le d o & O h io C e n t r a l...
T o le d o P e o r ia & W est’n..
T o le d o St. L . & K a n . C ...
W h eelin g & L a k e E r i e ...
T o t a l (64 r o a d s )..............
N et in c r e a s e (5*85 p. e.)..

189 5 .

189 4 .

$
1 1 3 ,0 2 8
4 1 ,9 3 1
.56,982
¿ 7 9 ,0 0 0
2 0 9 ,1 4 7
7 5 ,8 6 4
5 9 7 ,3 7 6
11,8 15
2 9 ,6 1 0
12,9 74
1 5 ,4 5 0
2 6 9 ,5 0 8
21,601
1 1 ,7 15
1 2 1 ,2 0 0
18,5 25
3 0 ,5 9 8
5 ,2 1 1
1 ,4 9 5
2 0 ,0 0 8
50,0 87
1 6 ,8 4 2
9,3 5 4
4 0 ,3 3 5
7 ,9 6 7
7 68
2,3 1 7
3 1 6 ,5 2 3
4 9,8 35
1 7 ,1 6 4
7 9 ,9 5 1
3 2 ,1 6 6
6,3 0 5
7 8 ,0 8 0
2 8 ,3 1 0
3 8 9 ,5 4 5
5 8 ,1 0 i
7 ,6 3 6
1 8 5 ,2 3 3
9 4 ,9 0 8
3 1 ,3 0 7
2 4 2 ,1 6 3
5 2 4 ,0 0 0
1 8,000
7 8 ,7 7 0
1 8 5 ,0 0 4
2 3 7 ,1 3 0
1 2,037
14,9 43
2 1 ,4 7 6
4 6 ,7 4 0
5 ,5 9 8
3 2 ,1 4 0
1 01 ,90 0
19,9 26
6 ,8 4 5
3 3 5 ,4 8 L
1 5 0 .8 3 6
1 9,2 22
3 0 ,1 0 1
1 5 ,5 5 4
27,7 21
2 3 9 ,7 1 1
2 6 ,9 4 4

$
1 2 2 ,9 6 9
3 3 ,2 0 4
5 2 ,3 4 7
2 9 7 ,0 0 0
1 6 6 ,5 9 5
7 1 ,9 7 2
5 8 1 ,7 6 8
15,3 27
2 8 ,0 3 6
1 6,5 38
16,178
2 4 6 ,6 1 1
1 2,3 13
16,2 65
1 2 0 ,3 0 0
15,8 96
2 4 ,0 9 5
5 ,8 3 5
1,5 5 2
2 0 ,8 4 6
6 2 ,2 0 5
12,1 69
4 ,8 3 9
37,2 57
9 ,5 4 5
1,149
1 ,843
3 4 0 ,3 1 2
4 9 ,4 23
1 6,9 23
5 4 ,4 2 7
2 9 ,7 9 8
6 ,6 5 3
6 8 ,9 7 2
*9 ,2 1 2
3 5 7 .8 0 7
4 7 ,1 4 9
6 ,7 3 2
1 8 9 ,3 4 4
7 7 ,8 1 2
2 9 ,9 4 9
1 7 2 ,4 4 0
5 2 4 ,0 0 0
2 6 ,0 0 0
6 6 ,0 1 5
1 5 2 ,7 0 7
2 0 5 ,3 2 4
1 0 ,8 74
9Ì981
16,1 23
3 1 ,1 4 3
6 ,4 1 0
2 6 ,9 8 0
8 6 ,2 0 0
2 3 ,7 0 6
7 ,6 8 0
3 6 3 ,5 0 8
1 24 ,06 3
3 4 ,4 8 5
2 9 ,3 8 7
1 4 ,8 5 4
2 3 ,0 9 6
238,719
2 2 ,0 9 1

5 ,8 3 8 ,0 3 4

5 ,5 1 5 ,5 0 3

In crea se. ! D ecrea se.
$
9 ,9 4 1

$
8 ,7 2 7
4 ,6 3 5
............. !
4 2 ,5 5 2
3 ,9 1 2
15,608

1 8 ,0 0 0

C ent, o f N. J e r s e y .a ..J a n .
3 ,5 1 2

1 ,5 2 4
3 ,5 8 4
728
2 2,8 97
9 ,2 3 8
4 ,5 5 0

8 9 4 ,1 1 3

2 4 6 ,6 3 5

2 6 1 ,9 8 6

1 7 6 ,9 3 0

1 7 2 ,2 8 5

5 3 ,4 1 8

4 4 ,3 7 3

b. J a n .
Gin. J a ck , df M a ck . b.. J an .

1 2 0 ,3 0 5

1 4 0 ,1 5 0

2 ,7 3 0

2 7 ,7 3 4

5 2 ,4 8 6
3 9 7 ,7 0 2

4 3,7 ^ 7
3 7 0 ,1 2 6

5 ,1 6 6
7 2,7 41

2 ,9 8 0
4 7 ,1 2 6

Den. df R . G r a n d e .b .. Jan .
5 3 1 ,5 1 5
5 3 0 .6 0 8
J u ly 1 to Jan . 3 1 ___ 4 ,2 3 9 ,0 5 5 3 ,9 5 4 ,0 8 4

2 1 5 ,8 7 0
1 ,3 1 9 ,0 1 7

1 9 6 ,7 7 0
1 ,5 5 8 ,2 9 3

3 5 5 ,4 2 1

2 4 4 ,5 6 7

C h io.B u r.d f N o r th ,

7 9 3 ,0 4 3

M e x ica n C e n tra l........ Jan .
624
57
8 38
1 2 ,1 1 8

1 ,5 7 8
3 81

474
2 3 .7 8 9
4 12
2 41
2 5 ,5 2 4
2,3 6 8
3 48
9 ,1 0 8
902
31,7 38
10,9 52
904
17,096
1 ,3 5 8
6 9 ,7 2 3

3 5 5 .3 0 5
t2 2 9 ,4 4 8
1 1 5 9 ,3 1 5
4 ,2 2 4 ,8 0 4 t l , 8 9 1 ,9 6 3 1 1 ,6 3 8 ,4 3 8

A fiin n .& 8 t. L o u i s .a ..J a n .
1 1 9 ,1 4 2
J u ly 1 to J a n . 3 t ___ 1 ,1 1 3 ,1 8 9

1 2 2 ,4 6 3
1 ,0 4 3 ,0 1 8

N .Y .L .E . dt W e st’ n ....J a n . 1 ,8 3 7 ,3 9 1
O ct. 1 t o J an . 3 1 . . . . 8 ,6 1 7 ,3 0 5

*2 9 5 ,3 3 3
1 ,7 3 8 ,0 3 3
* 3 66 ,38 7
9 ,2 9 9 ,9 6 5 * 2 ,3 7 6 ,7 6 5 ‘ 2 ,7 6 6 ,9 8 4

N. Y . O n t. dt W e s t .a -.J a n .
2 7 6 ,7 2 5
J u ly 1 to J an . 3 1 ___ 2 ,2 6 6 ,3 8 2

2 5 7 ,0 9 9
2 ,3 5 2 ,2 5 8

5 8 ,1 0 5
6 7 8 ,3 9 3

5 7 ,2 7 1
7 0 2 ,2 5 7

4 4 ,6 7 1
4 9 9 ,8 7 2

4 3 ,0 5 9
4 3 5 ,2 8 5

N o rfo lk dt S o u th ........J an .
J u ly 1 t o Jan . 3 1 . . . .

3 5 ,4 2 6
2 3 8 ,7 4 9

3 6 ,4 6 2
2 3 8 ,5 9 4

1 3 ,7 9 6
8 3 ,4 3 9

8 ,6 6 5
8 2 ,3 0 5

O regon Im p . C o ..a .. .J a n .
D e c . 1 t o J a n . 3 1 ___

2 6 2 ,5 7 6
5 3 9 ,7 7 2

2 8 1 ,4 5 0
5 6 2 ,4 2 7

2 0 ,9 4 3
4 2 ,8 3 6

3 6 ,0 9
5 7 ,6 4 1

R io G ra n d e W e s t .b ..J a n .
1 4 5 ,7 5 3
J u ly 1 to J an . 3 1 ___ 1 ,2 9 1 ,0 4 5

1 4 1 ,8 7 0
1 ,2 8 4 ,8 2 9

3 8 ,9 9 5
4 3 4 ,4 2 7

3 3 ,3 3 7
4 9 2 ,5 3 2

3 0 ,6 7 8
4 0 8 ,7 3 9

1 3 ,7 1 2
2 0 4 ,6 4 9

1 5 ,9 4 8
2 1 2 ,6 0 6

7 ,9 9 6
4 0 ,4 3 5

9 ,7 9 7
9 2 ,5 8 3

2 5 ,8 2 0
3 6 8 ,1 4 3

W hltebr’ st F u e l C o ...J a n ......................
J u ly 1 to J a n . 3 1 ......................... ..

a N e t e a rn in g s h e r e g iv e n a re a fte r d e d u c t in g t a x e s ,
8 ,0 0 0

12,755
3 2 ,2 97
3 1,3 06
1 ,1 6 3
4 ,9 6 2
5 ,3 5 3
15,597
812
5 ,1 6 0
15,7 00
8 ,7 8 0
8 35
2 8 ,0 2 7
2 6 ,7 7 3
1 5 ,2 63
714
700
4 ,6 2 5
9 92
4 ,8 5 3

b N et e a rn in g s h e re g iv e n a r e b e fo r e d e d u c t in g t a x e s .
* A fte r d e d u ctin g p r o p o r t io n d u e ro a d s o p e ra te d o n a p e r c e n ta g e
b a s is a n d re su lts o f o p e ra tio n s o f a u x ilia r y c o m p a n ie s , n e t in J a n .,
1 8 9 5 , w a s $1 l4 ,6 3 9 , a g a in s t $ 5 6 ,0 6 4 in 1 8 9 4 , a n d f o r f o u r m o n th s
fr o m O ct. 1 t o J a n . 3 1 , $ 1 ,3 6 8 ,9 5 3 , a g a in s t $ 1 ,8 6 1 ,8 5 7 .
t A fte r d e d u c t in g o t h e r e x p e n d itu r e s f o r re p a irs , r e p la ce m e n ts and
g e n e ra l e x p e n s e s , n e t in co m e a p p lica b le t o in te re s t o n b o n d s in D e c e m ­
b e r w a s $ 5 9 ,8 9 3 , a g a in s t $ 6 7 ,1 2 9 la st y e a r, a n d f o r t w e lv e m on th s to
D e c e m b e r 3 1 $ 9 0 0 ,9 2 2 , a g a in s t $ 9 0 5 ,8 7 4 la st y e a r. This is th e r e s u lt m
M e x ic a n d o lla rs tre a te d (a c c o r d in g to th e c o m p a n y ’ s m e th o d o f k e e p ­
in g its a cco u n ts ) as e q u iv a le n t t o 8 0 c e n ts in U nited S tates m o n e y —
th a t is, a ll d e p r e c ia tio n b e y o n d 2 0 p e r ce n t has a lre a d y been a llo w e d
fo r . A d d in g e a rn in g s r e c e iv e d fr o m F e d e ra l G o v e rn m e n t t o ta l n e t
a v a ila b le fo r in te re s t, in M e x ica n d o lla rs w o r th 8 0 ce n ts , f o r th e t w e lv e
m o n th s w as $ 1 ,0 2 4 ,8 0 8 , a g a in st $ 9 0 5 ,8 7 4 .

interest Charges and Surplus.— The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.

1 4 1 ,7 5 8

r -ln te r ’ l, ren ta ls,
1895.
1894.
R oads.

For the third week of February our final statement covers Denver A R io GrMe.. Jan.
J u ly 1 t o Jan. 3 1
81 roads, and shows 0 88 per cent gain in the aggregate.




7 1 7 ,2 1 4

M e x ica n N a tio n a l_ D eo.
_
4 2 8 ,2 2 3
J a n . 1 t o D e c . 3 1 . . . . 4 ,3 2 9 ,0 7 9

W . V ir g in ia dt P itts . .D e c .
J a n . 1 t o D e o . 3 1 ___
4 ,1 1 1

4 6 4 ,2 8 9
3 2 2 .5 3 1

8 5 2 ,4 3 3

Ches. O. & So’ w n .. .. . J an .

J u ly 1 to J a n . 3 1 . . . .

9 00
2,6 2 9
6,5 0 3

4 ,6 7 3
4 ,515
3 ,0 7 8
.. .. -...

Gross E a rn in g s.----- >.------ N et E a rn in g s.— ■
189 3 -4 .
189 4 -5 .
1 89 4 -5 .
1 89 3 -4 .
R oa d s.
$
$
$
$
5 1 2 ,1 1 0
5 1 8 ,0 6 1
A t. T. df 8. F e ___ b ..J a n . 2 ,2 6 9 ,2 9 6 2 ,2 3 4 ,9 3 0
J u ly 1 to J an . 3 1 . ...1 7 ,5 5 9 ,9 8 2 2 0 ,2 6 7,336 4 ,5 2 8 ,7 7 7 7 ,0 1 4 ,4 2 2
1 5 5 ,7 5 5
8 t. L . df 8 a n F r .. b . .J a u .
4 5 3 ,2 1 9
4 6 1 ,7 3 7
1 6 7 ,8 7 6
J u ly 1 to J a n . 3 1 . . . . 3 ,7 7 2 ,0 3 9 3 ,8 8 2 ,8 9 2 1 .6 3 5 ,2 3 3 1 ,5 5 1 ,8 2 3
d e f.1 7 2 d e f.6 3 ,8 2 6
A tla n tic dt P a c . . b . J an .
2 3 2 ,4 3 8
2 1 7 ,9 8 8
3 0 3 ,3 8 4
5 3 ,6 7 6
J u ly 1 to Jan . 3 1 . . . . 1 ,8 6 4 ,9 0 5 1 ,7 8 2 ,5 7 7
1 7 ,0 0 1
3 0 ,1 5 1
C o lo ra d o M id l’ d .b .. Jan.
1 1 1 ,9 9 4
1 3 6 ,9 7 0
1 0 2 ,0 6 9
1 4 9 ,9 5 4
J u ly 1 to Jan . 3 1 . . . .
9 1 8 ,3 1 7
8 7 6 ,3 3 4
7 0 9 ,9 6 5
6 2 6 ,9 9 1
A g g re g a te t o t a l, b. J an . 3 ,0 6 6 ,9 4 7 3 ,0 5 1 ,6 2 3
J u ly 1 to J an . 3 1 ....2 4 ,1 1 5 ,3 0 3 2 6 ,8 1 4 ,1 8 9 6 ,6 6 7 ,3 4 8 8 ,7 2 1 ,9 9 1

$
1 9 7 ,3 8 8
1 ,4 0 4 ,3 7 8

$
1 9 9 ,4 5 0
1 ,4 1 4 ,1 0 9

< -B al. o f N et E a r n s .1 89 5 .
1894

$
1 8 ,4 8 2
4 1 4 ,6 3 9

$
d e f.2 ,6 8 0
1 4 4 ,1 8 4

M arch

ANNUAL

GENERAL BALANCE DECEMBER 31.

REPORTS.

Pennsylvania Railroad.

('Report fo r the year ending Dec. 31,1894-)
The full text of the annual report of Mr. G. B. Roberts,
President of this company, will be found on subsequent
pages, containing statistics of the traffic and earnings of the
past year. Remarks upon the report will also be found in
the editorial columns.
The earnings, general income account and balance sheet for
three years, compiled for the C h r o n i c l e , are given herewith,
presenting an interesting comparison.
'BARHINOS ON ALL LINES BOTH EA8T AND WEST OF PITTSBURG AND ERIE.
1 89 4 .
$
1 2 2 ,0 0 3 ,0 0 0
8 5 ,1 4 2 , L74

-G ross e a rn in g s ..........
O p e ra tin g e s p ea s es
N e t e a r n in g s . . . . . . . .

1893.
$
1 3 5 ,0 5 9 ,7 8 8
9 5 ,4 9 1 ,5 5 9

1892.
$
1 3 8 ,9 7 4 ,5 2 1
9 8 ,3 5 2 ,0 8 3

3 6 ,8 6 0 ,8 2 6

3 9 ,5 6 8 ,2 2 9

4 0 ,6 2 2 ,4 3 3

TRAFFIC ON ALL LINES BOTH EAST ¿AND WEST OF PITTSBÜRO AND ERIE.
1894.
1893.
1 89 2 .
P a ssen g ers o a r r ie d . . . . . .
7 7 ,1 0 6 ,5 5 5
8 5 ,1 5 1 ,3 8 9
8 9 ,6 9 0 ,3 4 1
P a ssen g ers c a rr ie d 1 m. 1 ,4 9 7 ,8 9 3 ,1 8 3 1 ,8 2 5 ,1 5 8 ,8 3 1 1 ,7 5 3 ,9 0 7 ,3 2 2
F r e ig h t (tons) c a r r ie d ...
1 2 0 ,5 4 3 ,6 5 2
1 3 5 ,5 1 1 ,3 3 8
1 4 1 ,3 7 1 ,8 1 6
F r e ig h t (tons) oar. 1 in . .1 2 ,1 3 3 ,5 7 1 ,0 1 7 1 2 ,7 2 3 ,9 0 0 ,7 2 5 1 3 ,4 5 7 ,0 3 7 ,3 6 6

Below are given the results on the lines east o f Pittsburg
and Erie, comprising the “ Pennsylvania Railroad Division,”
the “ United Railroads of New Jersey Division” and the
“ Philadelphia & Erie Division.”
TRAFFIC ON LINES EAST OF PITTSBÜRG & ERIE.
189 4 .
2 ,6 7 1
M iles o p e r a t e d .................
3 8 ,5 9 6 ,1 6 0
P a ss e n g e rs c a r r ie d -------6 9 3 ,0 1 0 ,0 5 6
P a ssen g ers oa rried 1 m.
1 -9 7 7 ots.
R a te p e r pass, p e r m ile.
6 4 ,6 7 7,694
.
T o n s c a r r ie d ___ _
T on s ca rr ie d on e m il e .. 6 ,9 2 7 , L95,0 9 2
0 -58 5 Cts.
R a t e p e r t o n p e r m il e ..

1 89 3 .
2 ,6 î 8
4 4 ,1 3 5 ,3 2 0
8 1 3 ,6 5 2 ,8 6 4
1 -9 9 9 ots.
6 9 ,8 8 7 ,1 6 0
7 ,4 5 2 ,1 6 6 ,4 8 6
0 -6 1 4 ots.

189 2 .
2 ,5 9 2
4 6 ,6 4 8 ,5 7 2
8 4 3 ,8 1 9 ,6 0 9
1 -9 8 0 o ts.
7 1 ,9 1 5 ,3 2 5
7 ,6 1 3 ,3 4 8 ,6 4 1
0 -6 2 7 ots.

EARNINGS AND EXPENSES OF LINES EAST OF PITTSBÜRG AND ERIE.
'E a rn in gs—
F re ig h t .............................
P a s s e n g e r ......... ............. .
E x p r e s s ..........- ..................
M a i l s ....................................
M i s c e l la n e o u s .................
R e n t s ....................................
D e la w a re & R a r ita n C’l .

1894.
$
4 0 ,4 1 2 ,5 5 1
1 4 ,3 9 9 ,3 1 3
1 ,1 9 8 ,2 9 3
1 ,4 '8 ,7 5 -“
7 3 9 ,2 6 0
2 5 8 ,4 6 9
2 8 7 ,6 4 1

1893.
$
4 5 ,6 0 6 ,9 9 9
1 6 ,9 2 8 ,1 9 5
1 ,2 3 9 ,8 9 6
1 ,3 4 5 ,9 6 6
7 0 6 ,1 9 3
2 3 0 ,8 3 3
3 1 7 ,1 4 1

189 2 .
9
4 7 ,4 6 0 ,4 5 3
1 7 ,3 6 0 ,8 7 8
1 ,2 9 4 ,2 2 9
1 ,3 5 4 ,3 3 1
7 3 7 ,5 0 0
2 7 5 ,0 9 6
8 5 9 ,3 0 7

G ross e a rn in g s ..........
E xp en ses—
T r a n s p o r ta tio n ...............
M o tiv e p o w e r ...................
M a in te n a n ce o f c a r s . . . .
M a in te n a n ce o f w a y . . . .
G e n e r a l................................
D e la w a re < R a r ita n C’l.
&

5 8 ,7 0 4 ,2 8 4

6 6 ,3 7 5 ,2 2 3

6 8 ,8 4 1 ,8 4 4

1 7 ,2 4 2 ,0 6 7
1 1 ,2 4 9 ,1 6 8
4 ,9 0 6 ,3 4 8
5 ,5 9 7 ,1 1 0
1 .0 6 8 ,7 3 1
3 0 0 ,3 2 3

1 9 ,9 5 6 ,7 4 6
1 2 ,9 7 7 ,6 0 2
5 ,8 8 2 ,4 7 5
6 ,8 7 5 ,1 9 0
9 7 2 ,5 3 4
3 3 1 ,4 7 1

2 0 ,2 0 2 ,8 6 2
1 3 ,1 0 5 ,0 3 4
6 ,0 1 3 ,7 5 4
8 ,1 8 8 ,9 5 4
9 5 2 ,4 2 0
3 5 8 ,3 3 7

T o ta l e x p e n s e s ........
N e t ea rn in g s......................
P .e t. o f op . e x p . to earns.

4 0 ,3 6 3 ,7 4 7
1 8 ,3 4 0 ,5 3 7
6 3 ’ 76

4 6 ,9 9 6 ,0 1 8
1 9 ,3 7 9 ,2 0 5
7 0 -8 0

4 8 ,8 1 9 ,3 6 1
2 0 ,0 2 2 ,4 8 3
7 0 -9 2

GENERAL INCOME ACCOUNT.
Jleeevpts—
N e t ea rn in g s, as a b o v e .
I n t . o n P a . R R . in v e sts..
In t. o n U . N. J . R R . &
C a n a l s e cu ritie s ........
R e n ts o f U . N. J. R R .
& C an al p r o p e r t i e s ...
I n te r ’ st f o r u se o f eq u ip .
I n te re s t, g e n e ra l a c o t ...
M is c e lla n e o u s ...................

189 2 .

1894.
$
1 8 ,3 4 0 ,5 3 7
4 ,6 1 9 ,3 9 1

1 89 3 .
9
1 9 ,3 7 9 ,2 0 5
4 ,9 5 5 ,0 3 7

2 0 ,0 2 2 ,4 8 3
4 ,9 2 1 ,8 2 8

9

B a la n ce, as a b o v e .. .
F rom this bal. deduct —
P a y m e n ts to t r u s t fu n d s
C on .m or. sink, fu n d a c o t
A lle g h e n y V . R R . - D e f ’ y
E x tr a o r d in a r y e x p e n se s
B a l. to c r e d it o f in co m e
a fte r d ed u et, a ll p a y ’ts
D iv id e n d s ................... .
R a te o f d iv id e n d .............
B a l.to or. o f p ro fit & loss
B a la n ce In se ttle m e n t o f
cla im s a n d o ld a eets.,
e tc ., In olu d .P a. Oo. d iv.
B a la n o e .........................
A d d p r o fit a n d lo ss J an. 1
S c r ip d iv . e o a v .in t o s t k .
C h a rged o ff in a d ju s tin '!
o f U n . N . J . R R . an d
P h . & Tr. e o n strn o tio n ,

2 7 3 ,0 2 2

2 2 5 ,8 5 7

3 2 4 ,9 5 4
3 3 7 ,9 2 7
3 2 ,9 3 5
1 1 3 ,0 8 7

2 9 1 ,9 2 5
3 7 7 ,4 8 8
1 8 1 ,9 2 9
4 3 ,9 6 9

2 5 ,4 1 6 ,1 4 7

2 0 ,0 6 5 ,4 7 4

8 ,9 5 6 ,4 4 1
4 ,1 5 5 ,7 0 6
1 2 7 ,0 5 8
6 6 4 ,9 4 5
4 7 9 ,4 6 3

9 ,9 7 1 ,6 9 6
4 ,0 5 6 ,1 6 5
1 2 8 ,4 7 4
6 9 0 ,8 3 2
4 5 2 ,5 4 5

1 0 ,2 2 8 ,2 7 2
3 ,9 6 4 ,0 5 5
1 1 4 ,0 1 4
4 7 5 ,4 1 3
7 7 7 ,8 1 0

1 4 ,3 8 3 ,6 1 4
9 ,4 7 0 ,1 2 0

1 5 ,2 9 9 ,7 1 2
1 0 ,1 1 6 ,4 3 5

1 5 ,5 5 9 ,5 6 4
1 0 ,5 0 5 ,9 1 0

8 ,7 7 9 ,2 5 8
p r . 6 7 9 ,4 6 1
1 1 ,4 0 0

1 0 ,2 9 6 ,2 4 8
loss 1 9 4 ,5 2 9
1 4 ,7 1 6

1 0 ,7 9 4 ,2 6 0
lo ss 2 9 9 ,1 9 9
1 0 ,8 4 9

9 ,4 7 0 ,1 2 0

1 0 ,1 1 6 ,4 3 5

1 0 ,5 0 5 ,9 1 0

7 4 ,3 4 0
3 2 4 ,7 8 0
3 2 5 ,9 8 0
1 ,3 8 5 ,2 7 2

7 3 ,8 5 5
3 2 4 ,7 8 0
2 4 2 ,9 7 5
2 ,1 6 3 ,2 1 0

8 9 ,1 8 0
3 2 4 ,7 8 0
1 ,2 6 3 ,1 3 7

2 ,1 1 0 ,3 7 2

B a la n o e ........................
The above ba la n ce w a s
m a d e u p a s follow s :
N et in co m e P a .R R . D iv .
R e s u lt o n U n. N. J. D iv .
P r o f.o n P h il.& E rie D iv .

2 1 4 ,5 8 9
3 1 1 ,4 2 2
3 2 6 ,3 8 2
4 1 ,4 0 9
2 3 ,8 5 3 ,7 3 3

D e d u et—
R e n t a ls ....................
In t e r e s t o n fu n d e d d eb t.
In t. o n mts.ds g r o u n d rts .
In t e r e s t o n ca r t r u s t s ...
S ta te t a x e s a n d m is e ’ s . .

2 ,8 0 4 ,8 2 0

1 ,6 7 7 ,0 9 7

7 ,3 5 9 ,7 4 8
# ,4 6 4 ,6 4 7
5 p . e.

7 ,3 1 1 ,6 1 5
6 ,4 0 0 ,5 0 8
5 p . o.

8 ,8 2 8 ,8 1 3
7 ,6 0 6 ,4 5 6
6 p . o.

8 9 5 ,0 9 »

» 1 1 ,1 0 7

1 ,2 2 2 ,3 6 7

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

1 ,6 4 0 ,6 7 3

9 0 4 ,6 6 9

8 9 5 ,0 9 9
2 6 ,4 7 8 ,1 5 1

2 ,5 5 1 ,7 8 0
2 6 ,4 6 1 ,8 6 1

2 ,1 2 7 ,0 2 6
2 4 ,3 3 4 ,8 3 3

2 7 ,8 7 3 ,2 5 0
___________

2 9 ,0 1 3 ,6 4 1
2 ,5 3 5 ,4 9 0

2 6 ,4 6 1 ,8 6 0

2 6 ,4 7 8 ,1 5 1

2 6 ,4 6 1 ,8 6 0

4 ,2 1 7 ,6 2 0
B a l. to p ro flt& lo s sD e e .S l




429

THE CHRONICLE,

9, 1895. j

2 3 ,1 5 5 ,6 3 0

A ssets—
C on s’ n. e q u ip ’t, & o .,R R .
b e t. P h u a a n d P itts..
C ost o f b o n d s o f R R s .. .
C ost o f sto c k s o f R R s .. .
C ost o f b on d s a n d sto c k s
a n d in v e stin ’ ts n o t
o th e rw ise e n u m era t’d.
M a n a g’ s o f T r. cr e a te d
b y P en n . R R . C o. O ct.
9 , 1 8 7 6 ...........................
P en n . R R . c o n s o l m o rt.,
less re d ’m e d & oan o’ d.
T ru s. sin k. id . co n . m ...
In s u ra n c e fu n d . .
...
M ortg . & g ro u n d re n t’ls
S ecu r. o f U. N. J . C o.’ s
tra n s fe rre d w ith lease.
E q u ip , o f U . N. J . C o.’ s
tra n sfe rre d w ith lease.
M aterials on h a n d ........
U n ite d R R . o f N. J . sin k.
fu n d & r e d e m p tio n .. .
A d v a n c e s to o th e r c o m ­
p a n ies fo r co n stru e . <
&
o t h e r p u rp o s e s .............
M isce lla n e o us.........
B ills r e c e iv a b l e .. . . . . . . .
Cash to p a y c o u p o n s ....
C ash in h a n d b f a g a a ts .
C ash in h a n d s o f T re a s .
T o t a l. ..................... ..
L ia b ilities—
C apital s t o c k ............... .
F u n d e d d e b t — .............
M ortg s & g r o u n d ren ts
P e n n . C o. fo r in s u r. on
liv e s , & c.,“ T r. c e r t’ s ”
H ar. P t. M t. J . & L an.
s to c k g u a r................. .
H a r. Pt. Mt. J . 4 p . c.
b o n d s, g u a r ........- . . .
T r a f. bal. d u e o th . ro a d s.
P a y m ’ t f o r le a s ’ d e q u ip .
P a y -ro lls & v o u c h e r s ....
D iv . a n d in t. u n p a id ----S u n d ry a cco u n ts d u e
o th e r r o a d s .....................
D u e e m p lo y e e s sa v . f d .
“ r e lie f f u n d .................
V in s u ra n ce fu n d -----M i s c e lla n e o u s .................
S eour. o f U n N . J . C o’ s
trans. w ith th e le a s x..
E q u ip , o f U n. N. J . C o’ s
tra n s. w ith th e le a s e ..
F u n d fo r p u r o f seour.
gu ar, (tr o f O ct. 9 . ’ 78)
T ru ste e o f o o n so l. m ort.
C on. M. b o n d s sin k ’ g fd .
B a l. to p ro fit a n d l o s s ...
T o ta l ............................
—V . 5 8 , p . 7 8 1.

1 89 3 .
9

1892.
$

1 1 7 ,6 5 8 ,0 7 2
3 4 ,0 4 7 ,1 1 2
7 3 ,2 7 2 ,9 6 9

1 2 3 ,0 8 4 ,2 2 5
3 3 ,5 4 4 ,7 0 4
7 3 ,5 9 4 ,8 3 0

1 1 5 ,3 2 6 ,4 1 5
3 0 ,7 9 4 ,6 0 6
7 1 ,2 3 9 ,7 3 3

1 1 ,6 8 5 ,5 7 5

1 1 ,5 4 6 ,8 7 5

1 2 ,6 1 4 ,3 6 5

1894.
9

4 ,4 2 0 ,8 5 0

4 ,3 4 6 ,9 9 5

4 ,2 5 7 ,8 1 5

3 ,2 4 3 ,0 4 0

2 ,5 9 3 ,4 8 0

1 0 ,0 0 0
1 0 4 ,4 5 0

2 ,9 1 8 ,2 6 0
1 2,7 59
1 0 ,0 0 0
3 3 ,4 5 0

3 ,2 8 3 ,4 6 0

3 ,2 8 3 ,4 6 0

3 ,3 4 6 ,7 6 0

1 0 ,0 0 0
4 1 ,4 5 0

5 ,1 4 7 ,0 8 1
3 ,4 8 5 ,8 1 1
2 3 0 ,6 1 6
1 ,2 5 3 ,6 3 4
2 ,8 5 3 ,8 6 2
4 ,9 1 3 ,7 8 7

3 ,4 3 6 ,5 0 1

7 8 6 ,9 8 6
4 ,2 8 9 ,5 8 7

2 ,5 7 6 ,5 4 0

2 ,3 7 7 ,6 0 9

2 ,4 6 3 ,6 2 0

4 ,3 8 8 ,3 0 6 )
1 ,8 2 4 ,9 9 8 >
8 5 0 ,6 2 3 $
l.is e .e ^
3 ,0 4 8 .1 8 2
4 ,1 2 0 ,6 2 8

1 1 ,2 8 9 ,0 1 7
1 ,0 1 0 ,9 0 5
3 ,1 0 5 ,2 6 7
4 ,2 1 7 ,7 5 8

1267,987,928

2 7 3 ,7 7 7 ,9 9 7

2 6 7 ,3 8 7 ,7 6 5

1 2 9 ,2 9 8 ,2 0 0
7 1 ,1 0 3 ,8 4 0
3 ,9 5 0 ,3 9 6

1 2 9 ,2 7 1 ,0 5 0
7 0 ,7 8 8 ,8 4 0
3 ,9 1 9 ,8 0 0

1 2 6 ,7 7 4 ,5 0 0
6 6 ,1 2 3 ,3 4 0
3 ,4 8 4 ,8 8 6

7 ,7 0 2 ,0 0 0

7 ,7 8 8 ,0 0 0

7 ,9 0 9 ,0 0 0

1 ,1 8 2 ,5 5 0

1 ,1 8 2 ,5 5 0

1 ,1 8 2 ,5 5 0

7 0 0 ,0 0 0
5 9 7 ,9 8 7
4 0 2 ,5 0 0
4 ,9 6 5 ,0 0 2
1 4 9 ,7 7 2

7 0 0 .0 0 0
5 7 3 ,1 7 7
3 2 2 .0 0 0
4 ,8 2 8 .0 0 6
1 5 0 ,7 7 1

7 0 0 ,0 0 0
8 1 2 ,3 9 6
2 4 1 ,5 0 0
6 ,7 0 7 ,2 0 9
2 0 6 ,4 8 6

1 0 ,2 0 3 ,3 1 4
6 0 ,0 0 8
4 6 8 ,6 8 6
6 3 ,7 1 6
8 7 0 ,6 8 2

1 3 ,6 3 2 ,8 0 4
6 4 ,4 4 5
3 6 1 ,2 1 2
3 3 ,4 9 3
1 ,2 8 9 ,1 4 7

I 1 3 ,5 7 4 ,2 1 3

3 ,2 8 3 ,4 6 0

3 ,2 8 3 ,4 6 0

3 ,3 4 6 ,7 6 0

4 ,4 9 5 ,1 9 1
3 1 9 ,9 7 1
5 ,0 1 5 ,0 2 0
2 3 ,1 5 5 ,6 3 2

4 ,4 2 0 ,8 5 0
4 ,6 9 0 ,2 4 0
2 6 ,4 7 8 ,1 5 2

4 ,3 4 6 ,9 9 5
3 6 3 ,2 2 1
4 ,3 6 5 ,4 6 0
2 6 ,4 6 1 ,8 6 1

2 6 7 ,9 8 7 ,9 2 8

2 7 3 ,7 7 7 ,9 9 7

2 6 7 ,3 8 7 ,7 6 5

7 8 8 ,9 8 6

New York & New England Railroad.
('Report fo r the year ending Dec. 31,1894. J
The annual report, which is signed by J. T. Odell, VicePresident, contains in substance the following :
The charges to operating expenses include expenditures for
improvements and extraordinary repairs aggregating $273,231,
to cover which receivers’ certificates were authorized, but too
late to be used for these purposes. In addition there was
also paid out of the year’s earnings $35,384 on account of
business transacted prior to the receivership. The aggregate
of these two amounts, namely, $308,605, nearly offsets the
nominal net deficiency of income to meet all charges. The
interest charges for the year include all accrued interest on
the mortgages and other outstanding obligations of the com­
pany, as well as accrued interest on receivers’ certificates
which were issued in July last to the amount of $480,000 to
pay bond interest and taxes.
At the beginning of the year, owing to attachments and
other causes, 73 locomotives out of a total of 212, or about 34
per cent of the entire locomotive equipment, were not avail­
able for sixty days. In conjunction with these circumstances
the road suffered from the general depression in business
throughout the country, from the effect on its credit of heavy
traffic balances due connecting lines and indebtedness to in­
dividuals, and from the withdrawal of the freight business of
certain important Western connections.
One thousand freight cars were rebuilt or generally re­
paired and made better than their original construction in
addition to ordinary and running repairs on all of the equip ­
ment. It was found possible to'accom plish this extraordi­
nary amount of work and still reduce the; expenses.
Seventy-five locomotives were rebuilt, or generally over­
hauled, in addition to the ordinary and running repairs of all
the locomotive equipment. Fifteen locomotives were rebuilt
by contract. at the Rhode Island Locomotive Works, the re­
building including the conversion of three new boilers into
three new passenger engines. During the year 1893 an ex­
traordinary amount of work was done on the track and road­
bed, but it was not possible to da in one season all that was
necessary. The road had not been ballasted for eleven years.
An insufficient number of ties had been provided for four
years previous, leaving an abnormal number to be put in ,.
during 1894 ; 75 miles of road were thoroughly well ballasted!^
40,000 additional ties were put in, about 24 miles of heavy
steel were laid, several sags were taken out and banks
widened. Extensive repairs were necessary on many of the
bridges and buildings and at the South Boston water ter­
minals. The block signal has been established over nearly

430

THE CHRONICLE.

the entire length of the main line between Boston and the
Hudson River.
A noteworthy change has been made in transportation
methods. Ia handling the freight traffic the receivers have
not allowed the summits on the main line of the road to
control the number of tons of freight that a locomotive
should haul. On the contrary, the weight of the train has
been based on the lower grades, with the result that the av­
erage number of freight cars hauled per train on the loaded
basis increased 24 82 per cent over the preceding year, repre­
senting a money saving on the year’s business of more than
$800,000.
An explanation is thus afforded as to how the receivers
could maintain the property, and make large expenditures for
improvements and extraor Jinary repairs, without any de­
crease in the net earnings although the gross earnings fell
off 9 per cent.
IMPROVEMENTS AND EXTRAORDINARY REPAIRS CHARGED TO OPERAT­
ING EXPENSES IN ADDITION TO ORDINARY WORK.
G e n e ra l re p a irs a t BostOD................................... ..................................... $ 1 6 ,8 6 9
3 ,4 5 0
R e b u ild in g p la tfo rm s , e t c . . . ....................... .........................................
2 7 ,7 3 5
I m p r o v in g b r i d g e s . . . . . . . . . .....................................................................
6 ,4 1 2
R e p a ir in g en g in e h ou ses, e t c .................................................. ...............
2 4 ,1 4 4
B a lla stin g tr a c k .................................. ........................................................
A d d it io n a l cross-ties, 4 0 , 0 0 0 . . . ............................................................. 1 6 ,0 0 0
E x t r a rep a irs t o stea m er......................................... ................................
8 ,3 9 1
O v e rh a u lin g 1 ,0 0 0 fr e ig h t oars im a d d i io n t o a ll o rd in a ry re
9 1 ,0 0 0
p a ir s in c id e n t to op era tion s o f th e y e a r .................................. .......
B u ild in g 1 m ilk ea r a n d 2 c a b o o s e s ....................................................
2 ,1 5 8
5 ,3 0 0
R e b u ild in g 10 p a ss en g er c o a c h e s . . : . ............................... ..................
7 1 ,7 6 2
O v e rh a u lin g 17 lo c o m o tiv e s .................................. .......................... .
T o t a l ..................................................................................... ................. $ 2 7 3 ,2 2 1

In addition to the above, “ additions to property ” amounted
to $90,418, of which $20,321 was spent on terminals, etc. ,$35,371
on lowering track, double track, steel rails, etc., and $26,934
for improvements to equipment.
The operations, earnings and expenses, and the income
account and balance sheet, for three years are shown below :
OPERATIONS.
1892.
189 4 .
1893.
M iles on e r a te d D ec. 3 1 ..............
559
559
N u m b e r p a ssen gers c a r r ie d ........
7 ,9 9 9 ,7 9 6
9 ,0 0 6 ,8 2 6
8 ,7 0 8 ,8 5 1
N u m b er o f pass, ca rr ie d 1 m ile .. 8 9 ,4 9 2 ,4 7 6 1 03 ,0 3 9 ,0 0 3 1 0 5 ,9 3 9 ,0 7 7
1 9 7 3 cts.
E a r n in g s p e r p ass, p e r m ile ___
2-03 1 cts.
1 -9 7 3 cts.
N o. o f ton s o f fr e ig h t c a r r ie d ...
3 ,1 0 8 ,4 7 8
3 ,3 7 4 ,4 0 5
3 ,3 2 -,3 3 9
N o. o f t o n s o f fr e ig h to a r 1 m ile . 308 ,8 8 5 ,6 0 5 3 2 3 ,3 2 4 ,1 6 1 3 1 3 ,1 6 4 .7 8 1
E a r n in g s p e r to n p er m ile .......... 1 -05 6 cts.
1-09 1 cts.
1-160 cts.

[ /OL. LX,

Oregon Improvement Company.

( Report fo r the year ending Nov. 30, 1894. J
Statistics have been compiled for the C h r o n i c l e as follows:
EARNINGS (ALL COMPANIES),
i------------- 1 8 9 3 - 4 .-------------x ,------------- 1 8 9 2 -3 .--------------,
E a rn in g s—
Gross.
N et.
Gross.
Net.
P a cific C oast 98. C o ..$ 2 ,5 8 1 ,2 6 3
$ 4 2 8 ,5 0 1 $ 2 ,5 8 2 ,1 7 1
$ 43<t375
P a c ific C oast R y C o ...
1 1 8 ,1 4 7
2 4 ,7 7 1
1 8 1 .9 1 9
5 3 .6 6 2
C ol. & P u get S. R R .C o .
3 2 4 ,8 3 7
1 5 1 ,1 2 1
3 4 6 ,9 i 6
1 3 7 ,2 8 3
S eattle & N or. R y . C o.
4 0 ,2 6 1
5 ,2 1 2
5 7 ,7 6 5
1 2 ,9 3 3
P o rt T o w . 8o. R R .C o . 1 1 ,1 1 1 lo s s 1 0,8 98
1 5 ,2 4 6 lo ss 1 3 ,0 2 8
C oal D e p a rtm e n t.........
6 6 0 .2 9 4
1 4 5 ,8 8 8
6 8 1 ,8 4 2
1 5 5 ,8 7 6
R e a l e s ta te a n d m is e ..
2 2 ,4 8 9
1 3 ,5 4 5
3 2 ,5 5 8
1 6 ,6 8 6
T o t a l......................... $ 3 .7 5 8 ,4 0 3

$ 7 5 8 ,1 5 0

$ 3 ,8 9 8 ,4 1 8

$ 8 0 1 ,7 8 7

INCOME ACCOUNT (ALL COMPANIES).
1894.
1893.
1892.
1 89 1 .
N et, a fte r d e d u c tin g ta x e s, e t c .$ 6 9 7 ,4 5 5 $ 7 4 7 .0 6 4 $ 7 5 9 .9 4 8 $ 8 2 9 ,6 9 0
I n c o m e fr o m in v e stm e n ts , e t c - .
1 6.7 02
1 6 ,9 3 7
2 5 ,3 7 0
1 4 ,3 5 7
N et in co m e ................................$ 7 1 4 ,1 5 7 $ 7 6 4 ,0 0 1 $ 7 8 5 ,3 1 8 $ 8 4 4 ,0 4 7
I n te re s t o n b o n d s ...... ....................$ 5 6 9 .8 4 0 $ 5 7 5 ,1 0 0 $ 6 2 3 ,4 0 0 $ 5 5 3 ,7 9 3
O th er in terest, d iv id e n d s , e t c . . . 5 4 ,9 9 6
5 9 ,7 7 3
2 ■,946
’
7 5 ,3 4 4
S in k in g fu n d .......................................
5 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
T o ta l c h a r g e s ........................... $ 6 7 4 ,8 3 6 $ 6 8 4 ,8 7 3 $ 6 9 6 ,3 4 6 $ 6 7 9 ,1 3 7
B a la n o o , s u r p lu s ........................... $ 3 9 ,3 2 1 $ 7 9 ,1 2 8 $ 8 8 ,9 7 2 $ 1 6 4 ,9 1 0
BALANCE SHEET NOVEMBER 3 0 . 1 8 9 4 .
D r.
Gr.
C ons, a n d p ro p a c c t .. $ 9 ,6 5 3 ,6 3 2 C ap ita l s t o c k ................ $ 7 ,0 0 0 ,0 0 0
S tock s a n d b o n d s ........
7 ,6 7 1 ,9 0 5 P ref. c - p i t a l s t o c k . . . .
321,800^
D u e fr o m oou stit. c o ’ s.
5 4 6 ,0 7 8 F irs t m o rt. b o n d s ........
4 ,0 8 7 ,0 0 0
C ash ........................
5 1 ,6 5 4 C on. m o rt. b o u d s . . . . .
6 ,4 7 4 ,0 0 0
P ro fit a n d lo s s ...............
1 8 9 ,3 1 0 A c c o u n ts p a y a b le ........
2 9 8 ,9 6 2
T ru ste e stnk’g f u n d . ..
1 6 ,0 7 5 D u e fr o m co n stit. o o ’ s.
2 1 2 ,0 1 9
L u m b e r y d s . o n lin e
A c c r u e d in t. a n d u n ­
o f P ae. C oast R y ___
1 9 ,1 4 5
p a id c o u p o n s , le ss
C oal b ills re c e iv a b le .
4 0 5 ,2 7 9
ca s h to p a y th em . . .
5 5 ,2 9 7
L a n d an d n o te c o a t s ..
4 ,2 8 0 in c o m e u sed f o r sin k­
A e o f o o ’ s & i n d iv id ..
7 0 ,3 « 9
in g f u n d . . . ..................
4 7 8 ,6 9 0
A o ct. a w a it, d is t r ib ...
5 ,8 6 5
M a teria ls & s u p p lie s ..
2 9 4 ,1 4 2
T o t a l ,........................$ 1 8 ,9 2 7 ,7 6 8
— V . 5 8 , p . 4 28 .

T o t a l .............................$ 1 8 ,9 2 7 ,7 6 $

Terminal Railroad Association of St. Louis.

( Report fo r the year ending Dec. 31,1894. J
The annual meeting of this company was held in St. Louis
on Tuesday.
The company’s twentieth annual report presented on that
occasion has not come to hand, but the following extracts are
EARNINGS AND EXPENSES.
obtained from the Sr. Louis papers. The report covers four
1892.
189 4 .
1 89 3 .
months of the new Union Station operation. President Taus­
E a r n in g s fr o m —
$
$
$
P a s s e n g e r s .........................................
1 ,7 7 8 ,8 8 0
2 ,0 4 7 ,9 2 3
2 ,1 6 9 ,1 5 4
sig says in part: “ As our traffic and earnings are dependent
F r e ig h t .................................................
3 ,2 6 1 ,9 9 8
3 ,5 2 8 ,0 6 3
3 ,6 3 3 ,8 6 5
to a considerable degree upon the volume of traffic carried try
M a il, e x p r e s s , & c ............................
4 4 3 ,2 2 2
4 3 4 ,7 5 0
4 1 7 ,4 7 5
our connecting railway lines, we could not expect to escape from
T o t a l............................................ «
5 ,4 7 5 ,6 2 8
6 ,0 1 9 ,2 0 8
6 ,2 2 0 ,4 9 4 the effects of the disastrous falling off in the general railroad
E x p en se s—
traffic during 1894. Three elements mainly reduced our traffic
M a in ten a n ce o f w a y ......................
5 8 8 ,4 5 5
5 9 5 ,2 8 4
and earnings—the failure of the grain crop west of the Mississ­
M a in te n a n ce o f e q u i p m e n t ........
4 2 8 ,6 4 3
5 1 0 ,9 1 8
ippi; the coal miners’ strike early in the year,which lasted over
T r a n s p o r t a t io n .................................
2 ,4 9 4 ,6 1 4
2 ,8 3 3 ,8 8 3 j 4 ,4 1 2 ,1 4 7
G e n e r a l............................................_.
4 8 7 ,8 8 9
4 0 0 ,6 9 6
two months, and the so-called Pullman strike, which sus­
pended all freight and much of the passenger traffic for sev­
T o ta l e x p e n s e s .........................
3 ,9 1 2 ,4 0 9
4 ,4 5 7 ,9 7 2
4 ,4 1 2 ,1 4 7
eral weeks. The loss in coal carried during the year, as com ­
N e t e a rn in g s ......................................
1 ,5 6 3 ,2 1 9
1 ,5 6 1 ,2 3 6
1 ,8 0 8 ,3 4 7
pared with 1893, amounted to 15,163 cars, in grain to 18,307
P e r c e n t o f op . e x . to e a r n in g s .
71-4 5
7 4 -0 6
7 0 -9 2
cars, and in live stock to 10,625 cars, a total in these three
INCOME ACCOUNT.
items of 44,095 cars, representing a loss in the gross earnings
189 4 .
1893.
1893.
of over $200,000. In addition to this there was a reduction ia
$
$
$
N e t e a r n in g s ...................................
1 ,5 6 3 ,2 1 9
1 ,5 6 1 ,2 3 6
1 ,8 0 8 ,3 4 7 passenger earnings amounting to $85,566, and in upper road­
O th er in c o m e ....................................
4 ,1 7 1
5 ,3 5 1
5 ,3 5 4 way of $30,266 72.
“ All these losses can be accounted for by the adverse trade
T o t a l..............................................
1 ,5 6 7 ,3 9 0
1 ,5 6 6 ,5 8 7
1 ,8 1 3 ,7 0 1
conditions of the country, and are an element, temporary
D ed u ct—
R e n t a ls ................................................
4 9 2 ,7 5 1
4 8 8 ,2 2 7
4 7 6 ,4 7 9 though it be, which we must be prepared to meet. Fortu­
I n t e r e s t ................................................
1 ,0 9 1 ,7 8 1
1 ,1 1 4 ,4 1 0
1 ,1 1 5 ,5 4 1 nately the resulting deficit tends only to reduce our surplus
T a x e s ...............................................
2 6 8 ,0 9 1
2 5 6 ,4 7 7
2 5 4 ,4 0 3
I n s u r a n c e ......................... .................
2 9 ,8 5 8
3 0 ,3 4 8
2 7 ,7 0 9 without affecting our earning capacity, this being the first
year in the life of the company which has not yielded a sur­
T o t a l.............. ................ ..............
1 ,8 7 7 ,9 5 7
1 ,8 9 3 ,9 8 6
1 ,8 7 4 ,1 3 2 plus of net earnings over fixed charges. ” * * *
B a la n c e , d e ficit..............................
3 1 0 ,5 6 7
3 2 7 ,3 9 9
6 0 ,4 3 1
“ W e have drawn upon our surplus for permanent improve­
Below is given the balance sheet of the company and re­ ments and payment of interest and real estate notes to
ceivers combined in 1894, compared with the company’s bal­ the amount of $102,611 05, leaving to credit of income ac­
ance sheets in the2two previous years.
count as of December 31, 1894, a surplus of $321,664.
“ The new Union Station is leased to the tenant lines for a
GENERAL BALANCE SHEET DEC. 31.
rental of $325,000 per annum, for which sum, together with
1894.
189 3 .
189 2 .
$
$
all expenses of maintenance and operation, the tenant lines
$
R o a d a n d e q u i p m e n t . . . . . . . . . . . . 4 0 ,4 7 1 ,3 9 1
4 0 ,3 4 9 ,9 5 4
4 0 ,3 0 3 ,7 2 0 are assessed pro rata, according to their respective wheelage.
N. Y .& N. E n g. R R .C o .r e c e iv . a ct.
J 5 7 0 , 18 0
S u p p lies an d m a teria ls on hand .
3 4 7 ,6 9 4
304/7*1$
2 7 7 ,7 8 5 All lines seem to be satisfied with this arrangement and reg­
D u e fr o m a g en ts a n d oo n d u o t’rs
6 3 0 ,2 0 2
6 5 9 ,7 8 2
6 6 2 ,3 9 6 ular settlements have been made on that basis monthly since
D u e fro m co m p a n ie s & in d iv id ’ls 1 ,4 6 3 ,0 0 9
1 ,3 2 6 ,0 6 5
8 2 8 ,5 0 3 September 1. Contracts running for ten years are now in
C a s h .......................................................
2 7 0 ,3 7 6
1 1 7 ,H12
2 8 2 .6 6 0
“ O th er e x p e n s e s ” (m a in ly ta x e s)
1 8 6 ,5 7 2
1 6 0 ,3 0 2
2 0 1 ,4 9 3 course of preparation and execution with each tenant
D iv id e n d N o. 1 3 (e m o in e d )........
1 2 8 ,2 7 5
1 2 8 ,2 7 5
1 2 8 ,2 7 5 line, whereby a permanent basis is given to this arrangement.
C o m p a n y 's p ro fit a n d l o s s . . . . . . . 1 2,6 64 ,5 0 9
1 ,3 0 9 ,0 7 2
5 7 1 ,0 7 6 Besides this ample return, which is thereby secured to the in­
vestment, the attractiveness and completeness of the station,
T o t a l a ss e ts ........ ...
4 6 ,7 8 2 ,2 0 9
4 4 ,3 5 5 ,9 7 8
4 3 ,2 5 5 ,9 0 8
which the traveling public is the first to appreciate, will un­
L ia b ilities—
S to c k , o o m m o n ................................ 2 0 ,0 0 0 ,0 0 0 20 ,000,000 20,001,000 doubtedly draw to St. Louis a vast amount of travel which
S to c k , p r e fe r r e d ..............................
3 ,8 1 7 ,6 0 0
3 ,8 1 7 ,6 0 0
3 ,7 0 5 ,0 0 0 has hitherto avoided it, thus indirectly benefiting the railways
F u n d e d d e b t (see S upplem ent ). 16,500,000 1 6 ,5 0 0 ,0 0 0
1 6 ,3 8 6 ,0 0 0
using it.”
R e c e iv e r s ’ c e r t ific a t e s .................
4 8 0 ,0 0 0
T . C. P la tt a n d M. J . P e r r y r e c ’rs
5 7 0 ,1 8 0
Speaking of the West Bluff Line, the President said:

R e a l es ta te m o r t g a g e s ...................
9 1 ,3 0 0
R e a l e sta te a n d eq u ip , co n tra cts.
6 3 7 ,0 6 7
I n te r e s t, & e., a c c r u e d ...................
1 ,0 6 7 ,1 5 5
N o te s p a y a b le ....................................
6 8 0 ,2 9 5
U n p a id v o u o h e r s .. .......................
5 8 4 ,0 9 9
U n p a id p a y -r o lls ............................
4 0 ,6 1 1
D u e o n tra ffic b a la n c e s , &o..........
1 ,0 7 4 ,6 4 6
M is c e lla n e o u s ....................
*2 12 ,46 5
R e c e iv e r s ’ p r o fit a n d l o s s . . . . . . . t l , 0 2 6 ,7 9 0

9 1 ,3 0 0
6 98 ,45 5
3 9 9 ,8 9 7
7 9 7 ,2 5 3
5 5 0 ,8 2 1
8 2 ,1 2 7
l ,0 s 7 ,1 4 4
*3 3 1 ,3 8 0

1 7 4 ,3 0 0
6 2 2 ,2 2 2
4 7 0 ,9 1 0
4 4 2 ,8 5 3
6 0 0 ,9 8 8
8 5 ,6 9 8
5 5 0 ,8 8 4
*2 17 ,05 3

4 6 ,7 8 2 ,2 1 0

4 4 ,3 5 5 ,9 7 8

4 3 ,2 5 5 ,9 0 8

T o t a l liab ilities.

* In c lu d e s e n jo in e d d iv id e n d , $ 1 2 8 ,2 7 5 .
tT h e co m b in e d a c c o u n ts o f r e c e iv e r s an d c o m p a n y sh o w a n e t p ro fit
a n d lo ss d e ficit o f $ 1 ,6 3 7 ,7 1 9 .
iS e e c o n tr a .—Y . 6 0, p . 3 9 2 .




“ T h is c o m p a n y is o rg a n iz e d as a se p a ra te c o r p o r a t io n , u n d e r th e
n a m e o i th e St. L o u is T erm in a l R a ilw a y C o m p a n y , a n d w e h a v e a c­
q u ire d a ll o f its s to c k , as w e ll as th e e n tire iss u e o f its first m o rtg a g e
b o n d s , a m o u n tin g to $ 1 ,2 0 0 ,0 0 0 e a ch , and h a v e d e p o site d th e s a m e
w ith th e tru ste e o f o u r first c o n s o lid a te d m o rtg a g e , th u s g iv in g th e
h o ld e rs o f b o n d s iss u e d u n d e r th a t m o rtg a g e a first a n d p a ra m o u it
lien u p o n a ll o f th e s to c k a n d first m o r t g a g e b o n d s o f th e St. L o u is
T e rm in a l R a ilw a y C om p any.
“ T h e w o r k on th is lin e ha s b e e n m a te ria lly re ta rd e d , o w in g to * * o n e r­
o u s co n d itio n s h a v in g toeen im p o s e d u p o n u s b y th e c ity , w h ioh w e
co n s id e re d to h a v e b een n e ith e r w a rra n te d b y the o rd in a n c e n o r t o b e
p r a c t ic a b le in c o n stru c tio n . * * W e h a v e re a so n to b e lie v e th a t t h e s e
d ifficu lties w ill b e s h o rtly o v e r c o m e . T h e t o ta l le n g th o f th e lin e to
its first o b je c tiv e p o in t , th e W abash ju n c t io n at o r n e a r P a g e A v e n u e ,
w ill b e fiv e m iles. T h e g r a d in g is o o m p le te d to w ith in t w o m iles o f
th a t p o in t .”

THE CHRONICLE,

M arch 9, 18S5.J

431

“ Contracts have been made with the Chicago Burlington &
The earnings have b3en as foil sws :
•Quincy and Missouri Kansas & Texas railways for their use
1894.
189 3 .
........
T ra ffic e a rn in g s
......................................$ 1 ,7 2 9 ,2 8 3
o f the Merchants’ Bridge Terminal’s elevated railway to enable
4 4 ,1 5 1
........
I n t e r e s t ......................................................................
them to reach the new Cnion Station at a j fiat rental of
4>50,000 per annum, and trains are expected to run over it and
T o t a l ........................
$ 1 ,8 4 2 ,3 4 7
W o rk in g e x p e n s e s ...
7 8 4 ,6 c 0
•the newly-erected overhead crossing about Mirch 17, 1895.
“ The Big Four will begin to use the Merchants’ Bridge on
N et e a r n in g s ........
................$ 1 ,0 1 0 ,4 3 8
$ 1 ,0 5 7 ,7 4 7
April first, and the Bluff Line will gain entrance to St. Louis D iv id e n d s .....................
...............
7 0 0 ,0 0 0
7 0 0 ,0 0 0
in the same way at about the same time.”
B a la n ce , s u rp lu s .
$ 3 5 7 ,7 4 7
The transaction by virtue of which the Terminal Railroad
BALANCE SHEET DECEMBER 3 1 , 1 8 9 4 .
Association took control of the Merchants’ Brilge property
Assess —
L ia b ilities—
was concluded in 1893, and it was only with the beginning of
2 ,2 5 0 ,0 0 0 C
l
...........
la ........
the current year that the condition in which it was found P u nn try s e....................... $ 1 1 ,5 9 2 .8 2 0 I|D a p ita y asbto c k a n . 2 ,’ ...$ 1 0 ,0 0 0 ,0 0 0
lv p a
le J
S
d
c u r it ie s . . .
95
1 7 5 ,0 0 0
could be straightened out into a well organized system. S u n d ry d e b to r s ...........
5 2 7 ,7 1 8 1 S u n d ry c r e d i t o r s ...
1 8 9 ,4 9 0
3 7 1 ,3 6 7 1R e s e rv e fu n d ...........
President Taussig explains this and goe3 on to say that the C ash a t b a n k s .............
|A ss e ts o v e r lia b il’ s,. . .
2 ,7 8 4 ,5 9 5
business of the railroads has been handled through this ar¡rangement with much more promptness to them and with
T o t a l............... ............ .$ 1 4 ,7 4 1 ,9 0 5 1 T o t a l........................ ....$ 1 4 ,7 4 1 ,9 0 5
much more economy to the shippers and to the Terminal As­ — V. 5 7 , p . 1 0 3 8 .
sociation, and there is no question that the two properties
Chocktaw Oklahoma & Gulf Railroad Company.
jointly will increase in efficiency and productiveness as the
("Report fo r the year ending December 31,1894.)
-commercial conditions of the country improve.
The earnings and expenses, and income account, for four
From the report of President Francis I. Gowen the follow­
years, were as follows:
ing extracts are taken :
EARNINGS AND EXPENSES.
1892.
$ 3 6 9 ,2 4 6
1 ,0 4 8 ,0 4 9
4 9 0 ,7 0 5

183 1 .
$ 3 5 9 ,6 8 3
9 5 ,2 0 0
4 2 1 ,5 4 6

T o t a l ...... ............. „ $ 1 ,5 0 8 9 1 2 $ 1 ,8 6 2 ,1 2 2 $ 1 ,9 0 8 ,0 0 0
8 0 6 ,6 3 0
8 3 7 ,5 3 6
6 9 8 ,9 5 4
Q p er. e x p . & ta x e s . . .

$ 1 ,7 5 6 ,4 2 9
8 17 ,95 3

E a r n in g s —
'P a s se n g e r.................. . .
P r e i g h t .................... . .
-Mail, e x p r e s s , & o ... ..

189 4 .
$ 3 0 3 ,8 9 4
7 6 1 ,7 4 4
4 4 0 ,2 7 4

’N e t e a r n in g s ........... „ $ 8 0 9 ,9 5 8
4 6 -3 2
■•Op. e x p . to e a rn ., p c.

1893.
$ 3 9 2 ,4 6 0
9 8 5 ,8 5 9
4 8 3 ,8 0 3

$ 1 ,0 5 5 ,4 9 2
4 3 -3 1

$ 1 ,0 5 0 ,4 6 1
4 4 -9 4

$ 9 3 8 ,4 7 6
4 6 -5 7

INCOME ACCOUNT.
~Net e a r n in g s ............ . .
O th e r in c o m e ........... . .
T o t a l ................... . .
D ed u ct—
■ffnterest o n b o n d s .. „
I n te r e s t on n o te s ..
R e n t a l s ........ ......... . .
• Im p rovt. a c c o u n t .

189 4 .
$ 8 0 9 ,9 5 8
1 8 9 ,3 9 2

1893.
$ 1 ,0 5 5 ,4 9 2
1 27 ,74 7

189 2 .
$ 1 ,0 5 0 ,4 6 4
1 4 2 ,3 7 6

1891,
$ 9 3 8 ,4 7 6
1 2 3 ,6 6 5

$ 9 9 9 ,3 5 0

$ 1 ,1 8 3 ,2 3 9

$ 1 ,1 9 2 ,8 4 0

$ 1 ,0 6 2 ,1 4 1

$ 3 1 5 ,0 0 0
4 3 ,5 7 0
7 2 5 ,7 6 6
5 9 ,0 4 0

$ 3 1 ^ ,0 0 0
2 6 ,4 7 3
7 1 6 ,3 0 5
5 4 ,7 7 6

$ 3 1 5 ,0 0 0
2 6 ,4 9 3
7 0 1 ,3 2 2
6 0 ,0 1 1

$ 2 4 7 ,5 0 0
2 6,8 46
6 9 4 ,4 0 1
6 1 ,7 3 3

T o t a l................... ...$ 1 ,1 4 3 ,3 7 6 $ 1 ,1 1 2 ,5 5 4 $ 1 ,1 0 2 ,8 2 6 $ 1 ,0 3 0 ,4 8 0
B a la n c e ..................... d e f.$ L 4 4 ,0 2 6 su r.$ 7 0 ,6 8 5 s u r.$ 9 0 ,0 1 4 su r.$ 3 1 ,6 6 1
* T h e to ta l to cr e d it o f in c o m e a c c o u n t J an . 1 ,1 8 9 5 , w a s $ 3 2 1 ,6 6 4 .
— V. 5 9 , p . 970 .

Denver Consolidated Tramway Company.

(R ip ort fo r the year ending Dec. 31,1894.)
An official statement for the late fiscal year shows the fol­
lowing :
EARNINGS, EXPENSES AND CHARGES.
1894.
R e c e ip ts fr o m p a ss e n g e r s ....................................$ 7 1 7 ,9 7 4
R e c e ip ts fro m o th e r s o u r c e s ......... ...................
2 8 ,1 L6
/R e c e ip t s fro m in te re s t o n h ills re c e iv a b le
(in e x c e s s o f bills p a y a b le o r fl /a t . d e b t ).
7 ,3 9 2

$ 3 0 7 ,7 9 8

$ 3 0 5 ,7 0 4

$ 1 9 7 ,8 0 5
1 4 ,8 8 4
2 87
6 0 ,0 0 0
1 ,2 0 9
2 ,5 5 1
2 7 ,4 4 1

$ 1 5 8 ,9 0 5
1 3 ,0 60

T o t a l...................................................................... $ 3 0 4 ,1 7 2
S u rp lu s (o v e r d iv id e n d s in 1 8 9 4 ).............
$ 3 ,6 2 5
T o t a l su rp lu s a c c o u n t D ec. 3 1 ..................$ 1 1 1 ,1 9 0
BALANCE SHEET JANUARY 1, 1 8 9 5 .
L ia b ilities—
•C o st o f r o a d .....................$ 4 ,3 8 8 ,4 0 0 C ap ital s t o c k ........ .
C o st o f e q u ip m e n t........ 1 ,8 1 0 ,4 7 2 F u n d ed d e b t ................
C ash assets .....................
1 5 4 ,4 8 2 B ills p a y a b le ...............
B ills r e c e iv a b le ............
2 7 2,980 O th er lia b ilit ie s .........
A c c o u n ts r e c e iv a b l e ....
3 0 .4 1 8 S u rp lu s a c c o u n t ........ .
O th e r a s s e ts ....................
2 46,807
T o t a l ..........................$ 6 ,9 5 3 ,5 5 9
V . 5 9 , p . 105 8 .

T o ta l

6 ,1 7 6
4 ,4 2 2
$ 1 8 2 ,5 6 3
$ 1 2 3 ,1 4 0
$ 6 0 ,0 9 4

$ 3 ,0 0 0 ,0 0 0
. 3 ,5 2 0 ,0 0 0
2 8 9 ,6 5 0
3 2 ,7 1 9
1 1 1 ,1 9 0
$ 6 ,9 5 3 ,5 5 9

Commercial Cable Company.

( Report fo r the year ending December 31, 1894.)
President John W . Mackay says in p a rt:
T h e v a lu e o f th e c o m p a n y ’s p la n t h a s b een in cr e a s e d t o $ 1 2 ,2 5 0 ,0 0 0
b y th e a d d itio n o f a n e w m ain A tla n tic c a b le a n d its c o m p le te e q u ip ­
m e n t, th e a cq u isitio n o f w h a r f p r o p e r t y at H a lifa x . N. 8 , f o r t h e a c ­
c o m m o d a tio n o f th i c o m p a n y ’s re p a irin g stea m er, th e e x t e n s io n o f th e
C an so-N ew Y o r k ca b le to p ie r A , N ew Y o r k C ity , a n d o th e r b e tte r­
m e n ts, a t th e c o s t o f $ 2 ,5 9 0 ,0 0 0 . O n J a n u a r y 1 5 ,1 8 9 4 , th e b a la n c e
o f th e d eb en tu re boDds ou ts ta n d in g , a m o u n tin g t o $ 4 0 0 ,0 0 0 , w a s re ­
d e e m e d . The c o m p a n y has n o w n o fix e d ch a rg es.
T h e d e cre a s e ia tra ffic re c e ip ts h a s b een in co n s e q u e n c e o f th e a l­
m o s t u n p re ce d e n te d b u sin ess d e p re s sio n b o th in A m e r ic a a n d E u ro p e
th r o u g h o u t th e en tire year.
A n e w m ain A tla n tic ca b le o f e x t r a h e a v y co n s t r u c tio n h a s b e e n su c­
c e s s fu lly la id b e tw e e n C an so, N. S,. a n d W a te rv ille , Ire la n d , a n d c o m
p le te ly e q u ip p e d . I t p o ssesses a h ig h c a r r y in g c a p a c ity , e x c e e d in g
th e r a te o f s p eed g u a ra n teed b y th e co n tr a c to rs .
T h e Oanso-Nesv York ca b le has a lso b een e x t e n d e d fro m its la n d in g
p la c e a t C on ey is la n d , th ro u g h th e H a rb o r o f N ew Y o r k , t o P ier A .,
N o rth R iv e r, a d ista n ce o f 14 m iles. T h e s e cu rity o f t h e c o m p a n y ’ s
■c o m m u n ic a tio n b e tw e e n N ew Y o r k C ity a n d E u r o p e is th u s g r e a t ly
e n h a n ce d .
T h e en tire p la n t o f th e c o m p a n y is in th e m o s t s a t is fa c t o r y c o n d i­
g n iu o a t —




Earnings, expenses, &c., were as follows:
E a rn in g s.
P a s s e n g e r s ................................................. .
F r e i g n t ...... .......................................... .
M ail, e x p re ss a n d m is ce lla n e o u s .........

139 4 .
........ * 5 8 ,4 2 3
........ 1 5 1 ,0 6 4
........
5 9 ,7 8 9

1893.
$ 6 6 ,6 3 0
1 2 8 ,6 2 9
6 9 ,9 8 9

T o t a l ......................................................
O p e ra tin g e x p e n s e s ................. ... ............

1 89 3 .
$ 8 3 6 ,4 8 0
1 3 ,8 3 4

T o t a l........................................................
$ 7 5 3 ,4 8 3 $ 8 7 0 ,3 1 4
O p e r a tin g e x p e n s e s ... .......................... (5 9% ) 4 4 5 ,6 8 4
(6 5 % ) 5 6 4 ,6 1 0
N et e a rn in g s ...............
D ed u ct—
I n te r e s t o n b o n d s ........... .
T a x e s ......................................
' R e n ta ls
D i v i d e n d s ...........................
D e p r e cia tio n w r itte n off.
M is ce lla n e o u s it e m s .........
O l d d a m a g e c la im s ............

T he o p e ra tio n s o f th e T ailroad d e p a rtm e n t s h o w a s a t is fa c t o r y in ­
cre a s e in th e fr e ig h t b u s in e s s b u t a f a ll i n g o f f i n th e p a ss e n g e r re o e ip ts .
T he slig h t g a in sh o vn in th e e a rn in g s o f th e m in in g d e p a rtm e n t is e n ­
co u ra g in g , e s p e c ia lly in v ie w o f th e f a c t th a t th e r a ilr o a d o o m o a n ie s
w h ic h a re th e m o s t im p o r ta n t co n su m e rs, w e r e in so m e in sta n ce s,
o b lig e d to o u t d o w n th e ir o rd e rs b e lo w e v e n th e m in im u m a m o u n ts
ca lle d f o r b y th e c o n tr a c ts .
T h e fix e d ch a r g e s o f th e c o m p a n y as th e y w ill s ta n d u p o n th e c o m
p le tio n o f th e r a ilro a d a n d its e q u ip m e n t, it is b e lie v e d , w ill c lo s e y
a p p r o x im a te to th e f o l l o w i n g :
A n n . int.
$ 1 ,0 0 0 ,0 0 0 p r io r lie n b o n d s .................................... ............................... $ 6 0 ,0 0 0
4 ,1 5 0 ,0 0 9 g e n e ra l m o rtg a g e b o n d s ................................
2 0 7 ,5 0 0
1 ,0 9 4 ,0 JO m o o in e m o rtg a g e b o n d s (if ea rn ed ) ............................
5 3 ,7 0 0
T h e p a y m e n ts f o r th e y e a r 1 89 5 u n d e r th e o u ts ta n d in g oar tru sts w ill
a g g re g a te $ 6 6 ,0 2 0 . N e g o tia tio n s a re p e n d in g f o r a n e x t e n s io n o f
th e se tru sts, a n d a c o n s e q u e n t m S e r ia l r e d u -t io n o f th e a n n u a l sum s
p a y a b 'e th e re u n d e r. T he tru sts b y th e ir t* rm s e x p ir e N ov. 1 ,1 8 9 8 ,
J u n e 1, 190 0 , O c to b e r 1, L900.
T h e c o a l e sta te o f th e co m p a n y co n sists o f a la r g e n u m b e r o f lea ses
u p o n w h ic h th re e m in e s w ere ia o p e ra tio n , v iz : s lo p e N o. 1, a t A ld e rson , a n d sh a fts Nos. 1 and 2, a t H a rtsh o rn e . These m in es h a v e a t th e
p r e s e n t tim e a c a p a c ity o f a b o u t 2 ,3 5 0 to n s a d a y , w h io h ca n b e i n ­
cr e a s e d t o 2 ,5 0 0 to n s b y ru n n in g th e s trip p its.
B o th th e ra ilro a d a n d its e q u ip m e n t a n d th e m in in g p la n t are in g o o d
co n d itio n , a n d no e x tr a o r d in a r y e x p e n d itu r e s w ill b e re q u ire d th e re o n .
W ork has b een co m m e n ce d a n d is b e in g a c t iv e ly p u s h e d on th e lin o
b e tw e e n S ou th M c A le s te r a n d O k la h om a C ity. T h e co n tr a c t fo r g r a d ­
in g this lin e ca lls f o r its c o m o le ti m b y J u n e 1 ,1 8 9 5 , a n d i t is h o p e d
th a t v e r y so o n th e re a fte r th e lin e b e tw e e n th e p o in ts n a m e d ca n b e
p u t in to o p e ra tio n .
T h e ra ilro a d e q u ip m e n t in c lu d e s : 7 e n g in e s, 4 p a s s e n g e r c o a c h e s , 3 5
fr e ig h t ca rs, 9 9 0 c o a l ca rs a n d 2 ca b o o se s . O f th e a b o v e e q u ip m e n t
8 9 2 c o a l ca rs a re c o v e r e d b y c a r t r u s t /, so th a t th e c o m p a n y a c q u ir e d
th e e q u ity o n ly in these.

........$ 2 6 9 ,2 7 6
........ 1 7 7 ,6 9 3

$ 2 6 5 ,2 4 8
1 7 2 ,8 8 1

N e t e a rn in g s ........................................
A d d p ro fit o f m in in g d e p a rtm e n t.......

........ $ 9 1 ,5 8 3
........
8 1 ,1 4 4

$ 9 2 ,3 6 7
7 3 ,4 7 1

T o t a l ......................................................
D e d u ct t a x e s a n d r e n t s ......................... .

........$ 1 7 5 ,7 2 7
........
8 ,7 4 3

$ 1 6 5 ,8 3 8
6 ,6 6 5

B a la n ce ................................................
— V. 5 9 , p. 8 35 .

........$ 1 6 6 ,9 8 4

$ 1 5 9 ,1 7 3

GENERAL

IN V E STM E N T

N E W S,

m - l o facilitate reference to information appearing in this
column, particularly during the two months following the
publication o f the I n v e s t o r s ’ S u p p l e m e n t {each S u p p l e m e n t
containing an index up to date o f issue), it is proposed to
append to all items here given the volume and page o f the
C h r o n i c l e where the last previous item pertaining to the
company was published. It will then be an easy matter
having found one statement regarding a company to refer
to others o f earlier date.
Furthermore, as ready reference is especially desirable as
regards reorganization plans, the names o f reorganization
committees and the payment o f overdue coupons, all announcements concerning these appearing after the publication o f the
latest issue o f the I n v e s t o r s S u p p l e m e n t will be indexed
together in this column under heading “ Reorganization Plans,
etc,"
--------Atchison Topeka & Santa Fe— Colorado Midland.—It is un­
derstood that application is to be made for a separate receiver«
ship for the Colorado Midland.—Vol. 59, p. 1057.
Ray State Gas Company (of Delaware) —The income bond­
holders, of which Owen A. Galvin is Chairman, Thamas B.
A. Price Secretary, and Boardman Hall Counsel, invites all
holders of income bonds of the company to deposit their
bonds with the American Loan & Trust Company, Boston,
Mass., subject to the terms and conditions of Income Bond­
holders’ Committee’s circular, dated March 4, 1895. Circu­
lars, etc., can be obtained at tne office of Price & Co., 35 Con­
gress Street, Boston,—V, 59, p. 967.

432

THE CHRONICLE

Bristol Elizabethton S North Carolina Railroad.—At
c
Bristol, Tenn., March 5, Judge Hugh Kyle ordered the sale of
this railroad, which has been in the hands of receivers for sev­
eral months. The road runs from Bristol to Elizabeth ton,
Tenn., twenty-two miles, near the Cranberry, N. C., iron
mines. The date of the sale has not been fixed. A cash pay­
ment of $20,000 will be required.
Called Bonds.—The following have been called for pay­
ment :
N o r t h e r n P a c i f i c R a i l r o a d C o m p a n y . —Notice is given
that 35 bonds of the Northern Pacific Railroad Company, Mis­
souri Division, will be paid upon presentation at the office of
the Farmers’ Loan & Trust Company, Nos. 16, 18, 20 and 22
William Street, New York, the interest ceasing after May
1, 1895.
The numbers of the bonds drawn and other particulars are
given in the advertisement in another column.
Chicago Gas Companies—Ogden Gas.—Mayor Hopkins of
Chicago has signed an ordinance giving a franchise to the
Ogden Gas Company, a new corporation formed to supply
gas in the city of Chicago. Under its franchise the price of
gas is to be 90 cent3 per 1,000 feet.—V. 60, p. 349.
Georgia Southern & Florida.—At Macon, Ga., March 6,
Judge Griggs, in the Superior Court, decided that there was
no equitable reason for ordering a postponement of the sale,
and the road was put on the block, but no bid equaling the
upset price fixed by the court was made, and the sale was
postponed. The upset price fixed was $4*,500,000. The road
will be again offered for sale on the third Tuesday in this
month, and at that time the minimum bid must be $3,750,000
If not sold then it will be offered on the first Tues­
day in April for $3,000,000, and if not sold then it will be o f­
fered on the third Tuesday in April to the highest bidder.—V.
59, p. 920.
Grand Rapids S Indiana.—At the annual meeting on
c
Wednesday no change ^n the board of directors was made
except that T. J. O’Brien of Grand Rapids was elected to
succeed the late Senator Francis B. Stockoridge. During the
year 1894 the earnings of the lines operated were $2,464,956, a
decrease of $342,330, and net earnings $591,296, an increase of
$83,921. After deducting charges there is a deficit of $343,000.—V. 59, p. 1141.
Green Bay Winona S St. Paul.—The Farmers’ Loan &
c
Trust Company, trustee under the first consolidated mortgage,
filed on Tuesday at Milwaukee a supplemental bill of fore
closure.
Proceeding have also been instituted in the United States
Circuit Court at Milwaukee by Attorneys Henry Crawford
and William Strauss on the application of W m. S. Mowry
of New York. Mr. Mowry represents non-assenting bonds to
the reorganization of 1892, and since the property was not
sold under foreclosure at that time these old bonds are still a
valid claim against the property. A majority of the first
consols have been deposited with the Farmers Loan & Trust
Company under the Winthrop agreement, and a majority of
the junior securities are represented by Messrs. Rolston &
Bass.—V. 60, p. 391.
Houston East S West Texas.—This company has applied
c
to the State Legislature for authority to lease the Houston &
Shreveport Railroad. This road is the W estern Division of
the Houston East & West Texas, and it is about 40 miles
long, extending from Shreveport, La., to Logansport, and
was built in 1885. The two companies are now operated as
one line from Houston to Shreveport, La., 232 miles.—Y . 59,
p. 234.
Inter-State Street Railway—(Pawtucket, R. I.)—The
property of this company will be sold in foreclosure on March
80, 1895, at an upset price of not less than $75,000, subject to
all taxes and assessments due and unpaid.
Kings County Elevated.—Earnings for the quarter and the
six months ending Dec. 31 have been reported as follows :
3 m os.
Gross
N et
O ther
In i.,ta xes,
en d . D ec. 3 1 . ea rn s.
ea rn s.
in com e, ren ts. die,
1 8 9 4 ................. $ 1 9 6 ,1 2 7
$ 7 1 ,6 4 0
$ 4 ,0 3 6
$ 8 6 ,1 1 2
...... 1 9 9 ,5 3 3 ’
7 1 ,9 4 5
500
9 1 ,9 7 8
1893
6 mos.
1894
......$ 3 4 4 ,8 6 6
$ 1 0 7 ,5 3 3
$ 4 ,1 4 9
$ 1 7 7 ,9 4 9
1 8 9 3 .................. 3 6 0 ,1 2 2
1 0 7 ,1 0 6
500
1 8 5 ,5 2 7
P r o fit a n d loss d e ficie n cy D eo. 3 1 ,1 8 9 4 , w a s $ 1 5 2 ,8 9 6 .

B a la n ce.
d e f.$ 1 0 ,4 3 6
d e f. 1 9 ,5 3 3
d e f $ 6 6 ,2 6 7
d e f. 7 7 ,9 2 1

—Y . 59, p. 835.
Lake Erie S Western—Indianapolis Decatur S Western.
c
c
—The meeting of the Lake Erie & Western stockholders, to
take action in reference to the acquisition of the Indianapolis,
Decatur & Western, which has been adjourned from time to
time, has finally adjourned sine die. The large majority of
the stockholders have refrained from putting in an appear­
ance at the meetings. The question of the validity of any
transfer which can be made by the two separate companies
formed in the States of Indiana and Illinois to take over the
property of the Indianpolis Decatur & Western has acted as
a further obstacle in carrying out the proposed arrangement.
—V. 60, pp. 82 and 259.
Long Island Traction,—At the stockholders’ meeting of
the Long Island Traction Company this week, President Lewis
explained that for various reasons due to business depression,
G the unforeseen expenses of transferring the lines from a horse
railroad to an electric one had placed the company in an em­
barrassing position. It was unable at the time to borrow
money from its stockholders and was compelled to go outside




LVOL. LX ,

for financial help. In order to do this $3,000,000 collateral
trust notes were issued and sold at 85, for which the company
received 80. All of these had not been floated, and $1,700,000'
o f the amount was all that was taken by the syndicate, the
balance remaining in the treasury. The company now needs
for its immediate requirements at least $500,000, but in order
to place itself upon a firm basis it is thought that a further
amount should be raised.
The stockholders elected the following directors : Daniel F.
Lewis, E. W . Bliss, John G. Jenkins, Felix Campbell. Crowell
Hadden, Silas B. Dutcher, Seth L. Keeney, David H. Valen­
tine, John Englis, C. N. Hoagland, Theo. F. Jackson, Chas.
T. Young and Wm. Marshall.—V. 60, p. 349.
Louisville Evansville & St. Louis.—At Indianapolis, Ind.,
March 8, the United States District Court authorized the re­
ceivers to issue $200,000 receivers’ certificates.—Y . 60, p. 346,
Mississippi Talley Railway.—A dispatch to the GlobeDemocrat of St. Louis states that at Arkansas City, A rk.,
Feb. 28 a first mortgage for $5,200,000 was filed by the Mis­
sissippi Valley Railway Company to Viscount Grimston and
John Williamson, of London, Eng., as trustees, The road as
projected, extends from Arkansas City to West Baton Rouge,
La., and there connects with the Texas & Pacific Railroad.
It will be 261 miles in length and will parallel the Mississippi
River. Hiram R. Steele is President, James Rawlings, Secre­
tary. It is said the route has been surveyed and right of way
purchased.
New York Lake Erie S Western KR. —Holders of receipts’
c
for second consolidated mortgage bonds, funded coupon bonds
of 1885, and income bonds, have received from Messrs. J. P.
Morgan & Co. of New York and J. S. Morgan & Co. of Lon­
don a circular containing the following:
R e fe rrin g t o o u r cir c u la r o f D e c . 1 0 , 1 8 9 4 , w e h a v e n o w to in fo r m
y o u th a t h o ld e rs o f o v e r 93 p e r e e n t in a m o u n t o f th e b o n d s t h e re to ­
f o r e d e p o site d w ith us h a v e a sse n te d to t h e ch a n g e s and p u rp o s e s set
fo r t h in s 4id circu la r. W e a re a c c o r d in g ly n o w v e s te d b y th e a sse n t­
in g d e p o sito rs w it h a u th o rity t o ta k e w h a te v e r a c tio n w e m ay deem,
b e st fo r th e in te re sts o r e n fo r ce m e n t o f th e ir b o n d s, a n d w e s h a ll be
p r e p a re d to a c t o n th is a u th o rity in d u e co u rse . F u r th e r a n n o u n c e ­
m e n t in th is c o n n e c t io n w ill b e m a d e la te r. I n th e m e a n w h ile s u c h
h o ld e rs o f o u r re c e ip ts as h a v e n o t a ssen ted to th e te rm s o f o u r c ir c u ­
la r o f D e c. 1 0 ,1 8 9 4 , a re n o tifie d that u p o n s u rre n d e r o f th e ir r e c e ip t s
a t o u r o ffice th e ir b o n d s w ill b e re tu r n e d t o th em . U n a s s e m in g b o n d s
w ill n o t b e in clu d e d in th e step s w e sh a ll ta k e in b e h a lf o f a ss e n tin g
b o n d h o ld e r s .

This is thought to mean that foreclosure proceedings will bo
instituted. An assessment on the stock is considered likely.
— V. 60, p. 349.
New York S New Jersey Bridge.—Bids are to be invited
c
for the building of this structure under the terms made by the
Secretary of the Treasury. The bridge will have six railway
tracks of standard gauge.—V. 59, p. 1141.
Philadelphia S Reading.—Suit in equity for the foreclo
c
sure of the general mortgage was brought last Saturday b y
counsel for the Pennsylvania Company for Insurances on Lives
and Granting Annuities, trustee of the mortgage. This suit
is brought in accordance with the previous announcement of
the reorganization committee.
The receivers on Tuesday made an important change
affecting the rates hereafter to be charged by them for han­
dling the coal of other railroad companies. In regard to this
the Philadelphia Ledger says :
T h e r e c e iv e r s o f th e R e a d in g co m p a n ie s y e s te rd a y a n n o u n ce d t h a t ,
in p u rsu a n ce o f th eir e n d e a v o r t o d e cre a s e th e e x p e n se s a n d in c r e a s e
th e ea rn in g s o f th e p ro p e rtie s in th e ir ch a r g e , th e y h a v e , a fte r c a r e fu l
c o n sid e ra tio n , d e cid e d th a t th e p r o p o it io n o f th e ra te o n a n th r a c ite
o o a l c o m in g in to R e a d in g te rrito ry fr o m th e W y o m in g a n d L e h ig h re
g io n s b y w a y o f A lle n to w n a n d B e th le h e m is le ss th a n th e y a re en
title d to c la im f o r th e w o r k o f h a u liu g an d d istrib u tin g th e co a l. T h e y
h a v e th e re fo re g iv e n n o tic e to th e L e h ig h V a lle y a n d N ew J e r s e y C ent r a L r a ilr o a d co m p a n ie s th a t a fte r M a rch 11 th e y w ill tak e as th e ir
sh a re a la rg e r p r o p o r tio n o f th e th ro u g h fr e ig h t r a t e fr o m th e m in es to
v a rio u s p o in ts w ith in th e ir te rrito ry . T his a c tio n m a k e s n o ch a n g e in
th e th ro u g h fr e ig h t ra te s f r o m th e m in e s to th e co n su m e r, b u t ch a n g e s
th e d iv is io n o f th e ra te as b e tw e e n th e d iffe re n t ra ilro a d s w h ich ca rr y
th e o oa l. T h e R e a d in g C o m p a n y has f o r m a n y yea rs a d m itte d f r e e ly
in t o its lo c a l t e rrito ry th e o o a l c o m in g f r o m these ra ilro a d s, w h ile th e
R e a d in g ’ s c o a l is e x c lu d e d fr o m th e ir lo c a l t e r r ito r y , a n d th e r e c e iv e r s
h a v e d e o id e d th a t t h e y w ill n o lo n g e r c o n tin u e to p ro m o te th is dis
cr im in a tio n a g a in st th e ir o w n c o a l b y ta k in g an in a d e q u a te co m p e n s a ­
tio n fo r th e s e rv ice r e n d e r e d b y them . W e u n d e rsta n d th a t th e in­
cr e a s e d p ro p o r tio n o f the fr e ig h t ra te to b e tak en b y th e R e a d in g C o m ­
p a n y a m o u n ts t o 1 0 ® 5 0 c e n ts p e r to n , a c c o r d in g t o lo c a lit y . T h e L e­
h ig h V a lle y and N e w J e rs e y C en tra l o fficia ls h a v e n o t y e t ta k e n a n y
a c t io n o n th e s u b je ct.

—A portion of series C car trusts fell due March 1 and the com­
pany is asking holders to extend the certificates two years at
6 per cent, the certificates being so stamped by the Fidelity
Trust Company, trustee. , A portion of series D came due
November 1 and were then extended till March 1 and a further
extension is now asked by the company at 6 per cent, the
Provident Trust Company being the trustee of this car trust.
—Y. 60. p. 392.
Postal Telegraph Cable.— A meeting of the stockholders
will be held March 28 to authorize the issue of $5,000,000 addi­
tional stock.
Rapid Transit in New York City.—The Rapid Transit Com*
mission on Wednesday agreed to make a statement to the peo
pie of the city of New York touching the decisions thus far
reached by the commission. The following extracts embody
its main features. The commission have modified the routes
and the methods of construction provisionally adopted in the
following particulars:
F irs t—T h e y h a v e e x te n d e d th e e a st sid e r o u te fr o m 4 4 th St. to M ott
H a v e n b y p r o v id in g f o r t w o tra ck s a lo n g F o u rth o r P a rk A v e n u e , t o
cr o ss th e H a rle m u p o n a b rid g e t o b e c o n s t r u c te d f r o m th e e n d o f P a r k
A v e n u e . T h is is p r a c tic a b le b y la y in g th e tra ck s p a r t ly b e lo w a n d

M

arch

9 , 1 8 9 5 .]

THE CHRONICLE.

p a r t ly a b o v e , o r b y th e sid e o f t b e tra ck s o f th e r o a d r u n n in g in t o th e
G r a n d C e n tra l‘D e p o t. T h e ra p id tra n s it b rid g e a cro s s th e H a rle m
R iv e r w o u ld lie w e ll t o th e w e s tw a r d o f th e b rid g e u s e d b y th e s e oth e r
ro a d s.
S e co n d —T h e y h a v e s h o rte n e d th e w es t sid e ro u te b y s to p p in g it a t
1 8 5 th S treet in s te a d o f c a r r y in g i t t o th e c it y lin e. T h e m o tiv e fo r
th is ch a n g e is e n tir e ly o n e o f e co n o m y . T h e e s tim a te d c o s t o f th e p ro ­
je c te d ro u te s , as m od ified , f o r c o n s t r u c tio n a lo n e is s o m e th in g o v e r
$ 4 7 ,0 0 0 ,0 0 0 , w it h o u t re g a r d to a n y la n d d a m a g es th a t i t m a v b e n e c ­
e s s a r y t o in cu r.
T h ird —T h e y h a v e p r o v id e d a co n n e c tio n th ro u g h P a rk R o w fr o m th e
tr a c k s o n lo w e r B ro a d w a y d ir e c t ly t o th e b rid g e , in a d d itio n t o th e
p r e v io u s c o n n e ctio n w ith th e tra ck s ru n n in g d ir e c t ly u p B ro a d w a y .
F o u r th —T h e y h a v e lifte d th e tu n n el in B r o a d w a y as n e a r th e s u rfa ce
a s p o s s ib le , th u s b r in g in g t h e p la tfo rm s e ig h t fe e t n e a r e r to t h e sid e ­
w a lk s th a n b e fo r e . T h is ch a n g e w ill sa v e a n n u a lly a n in n u m e ra b le
n u m b e r o f step s to th o s e w h o u se t h e ra ilroa d .
F ifth —T h e y h a v e w id e n e d the tu n n el o n B r o a d w a y fr o m 4 4 f e e t t o
5 0 fe e t . T h is ha s b e e n d o n e in th e in te re s t o f s a fe ty .
S ix th —T h e y h a v e p r o v id e d fo r a d eq u a te p ip e g a lle rie s o n e a c h sid e
o f th e ra ilro a d in B ro a d w a y , b e tw e e n C h a m b ers St. a n d 3 4 th S t. T h is
is a n e c e ss a r y co n s e q u e n c e o f lift in g th e r a ilr o a d n e a re r th e s u rfa ce
a n d o f w id e n in g th e tu n n el. It co m p e ls th e co m m is s io n t o r e c la im f o r
t h e c it y th e s p a ce b e n e a th th e sid ew a lk s n o w o c c u p ie d b y v a u lts u n d e r
lic e n s e fr o m th e c ity . T h e co m m is s io n b e lie v e s th a t it is n e c e s s a r y t o
h a v e in B ro a d w a y , as elsew h ere, fo u r tra ok s u p o n th e lev el.
S e v e n th —T h e co m m is s io n ha s p r o v id e d f o r tw o tr a c k s o n B r o a d w a y ,
b e tw e e n th e C ity H a ll a n d th e B a tte ry , t o b e so s itu a te d as t o p e rm it
o f tw o tra ck s b e in g la id a t som e fu tu r e tim e, in ca se o f n e e d , in s te a d
o f th re e tra ck s a t o n c e a n d as a fin a lity , as p r o v is io n a lly p r o v id e d fo r .
I t h a s a lso p r o v id e d f o r tw o tra ok s o n th e w e s t sid e fr o m 1 3 5 th St. to
1 8 5 th St. u p o n t h e sam e c o n d itio n s . T h e p r o v is io n a l p la n s c a lle d f o r
fo u r tra ck s im m e d ia te ly o n th e w e s t sid e, b e tw e e n 1 3 5 th St. a n d
1 8 5 th St.
E ig h th —O n th e B o u le v a rd th e co m m is s io n h a s a d o p te d th e su gg e s­
t io n o f th e B o a r d o f E x p e rts , w h e r e b y th e r o a d fo r t w o a n d o n e -h a lf
m ile s , o r ig in a lly la id o u t as tu n n el, b e co m e s a n e le v a te d v ia d u ct. T his
ch a n g e is es tim a ted to sa v e * 2 ,5 0 0 ,0 0 0 in co n s tr u c tio n , a n d i t su b sti­
tu te s a lo n g s p a ce o f op en -a ir r id in g f o r u n d e rg ro u n d tra n sit.

The next step to be taken is to make a report and submit the
plans for the road to the Common Council. This report will be
ready to be submitted to the commission at its next meeting.
The amendments to the Rapid Transit act submitted by
counsel are to be at once placed in the hands of Senator Mc­
Mahon and Assemblyman Hamilton for introduction simulta­
neously in both houses, and prompt action will be urged. To
■obtain the consent o f the property-owners along the routes
Mr. Boardman advises that a corps of competent canvassers
should be organized without delay, so that where consents
cannot be obtained application can be speedily made to the
Supreme Court. A most commendable zeal in pushing the
work is shown by the commissioners and their advisers.—Y.
60, p. 219.
Reorganization Flans, etc.—The following is an index to
all defaults, reorganization plans, the names of all reorganiza­
tion committees and all statements respecting the payment
of overdue coupons that have been published in the C h r o n ­
i c l e since the January edition of the I n v e s t o r s ’ S u p p l e ­
m e n t was issued, all earlier facts of this nature being set forth
in that publication. It does not, however, include matter in
to-day’s C h r o n i c l e .
The following abbreviations are used: Plan for reorganization
or readjustment plan ; coup, for coupon payments ; def. for
d efau lt; Com. for committee.
V olu m e 60.
Page. I
V olu m e 6 0 .
P a ge.
A tc h is o n , T. & S. F e .. .. .p l a n 3 0 1 | O reg on S. L. & .U . N .,..........cou p 2 2 0
C hea. & O. S. W . 1 st M ., c o u p . 1 76 P e o r ia D eca tu r & E ........... cou p. 35
C h ica g o & N o. P a c .,........ Com . 258 Phila. & R e a d in g ................. C om . 2 19
C h ic. & S ou th S ide R . T ., Com. 175 P hil. R ea d . & N. E ................Com. 178
U lev e. Can. & S o .,............... Com 2 7 6 R io G ra n d e S ou th ern .. .p l a n 3 9 2
Do
do
............cou p. 1 76
S c h e n e c ta d y R y ....................p la n 3 0 3
G r e e n B a y W . & S t.P.O 'oni.301, 391 U n io n P a c ific .................... C om . 2 2 0
J a c k . T a m p a & K . W ., ..C o m . 2 19
D o.
d o .............................co u p . 2 2 0
L a k e St. E le v a te d , C hic ..p la n 3 91
K a n sa s P a c ific ............... C om . 3 93
L in c o ln (N eb.) St. R y ____ Com. 2 5 9
U. S. B o o k C o ....................... C om . 3 03
M ob ile & G ir a r d ................. cou p. 3 9 2 W isco n sin C e n tra l............... p la n 2 6 0
N o r fo lk & W estern ........... Com . 3 0 2

Southern.—The Southern Rail way Company has heretofore
been operating the Asheville & Spartanburg and Spartanburg
Union & Columbia railways (134 miles in all) under a tem­
porary arrangement. Under date of Feb. 28, 1895, it made a
permanent contract with John H. Inman and his associates,
who owned a controlling interest in the two roads. Under
the permanent arrangement the owners of the properties
will receive a rental of $40,000 a year, instead of $80,000, as
heretofore, and 5,000 shares of preferred and 5,000 shares of
the common stock of the Southern Railway Company. These
lines have always been included in the mileage of the South­
ern Railway, so the new arrangement does not affect the
traffic returns as reported by the company.—V. 59, p. 1105.
Supreme Court Decision Respecting Life o f Patents.—The
United States Supreme Court handed down on Monday a
•decision in the case of tbe Bate Refrigerator Company against
Ferdinand Sulzberger and others, which affects many property
interests. The Court decided that the date of issue of, and
not the date of application for, a United States patent de­
termines whether or not it expires coincidentally with a for­
eign patent granted for the same invention. Under the law,
if an inventor secures a United States patent before obtaining
one from a foreign government, his patent will run for seven­
teen years; but if he secures his foreign patent first his United
"States patent will expire at the same time as the foreign
patent. It had previously been believed by many persons
that if they applied for a patent in this country before making
their application in England or elsewhere, that even if the ap­
plication in a foreign country was granted first, their United
States patent would run its full term irrespective of the life
o f the foreign patent. It is now decided that the patent in
this country must actually have been issued first in order that
«this should be the case.
W F o r oth er Investm ent Item s see page 4 3 7 .




433

R e p o r ts a n d J ic ra iu m tts.
P EN N SYLVA N IA R A ILR O A D C O M P A N Y .
FORTY-EIGHTH

ANNUAL
O f f ic e

REPORT.
of

the

P ennsylvania R ailroad C o m p a n y ,
P hiladelphia , March 5, 1895.
The Board of Directors submit herewith a synopsis of their
forty-eighth annual report for the year 1894 :
T b e gross ea rn in g s o f t b e th re e g r a n d d iv isio n s e a st o f
P itts b u rg a n d E r ie ,e m b r a c in g t b e M ain L in e , U n ite d
R a ilro a d s o f N e w J e r s e y a n d P h ila d e lp h ia & E rie
R a ilro a d a n d b ra n ch e s, w e r e ............................................... $ 5 8 ,7 0 4 ,2 8 4 58
E x p e n s e s ...................... ....................................................................
4 0 ,3 6 3 ,7 4 6 57'
N et e a rn in g s ............... ....... ............................................................ $ 1 8 ,3 4 0 ,5 3 8 0 1
T o w h ic h a d d :
In te re s t fr o m in v e s tm e n ts .......................$ 4 ,8 3 3 ,9 8 2 6 4
R en ta ls o f re a l es ta te < c eq u ip m e n t,& o .
S
6 7 9 ,2 1 2 8 2
------------------------5 ,5 1 3 ,1 9 5 4 6
$ 2 3 ,8 5 3 ,7 3 3 4 7
D ed u ct
R en ta ls le a se d a n d o p e ra te d r o a d s .... $ 3 ,9 5 6 ,4 4 0 9 5
In te re s t o n fu n d e d d e b t ......................
4 ,1 5 5 ,7 0 5 9 6
In terest o n m o r tg a g e s a n d g r o u n d
ren ts, o a r tru s ts, t a x e s , & o .................. 1 ,2 7 1 ,4 6 6 71
-------------------------

1 4 ,3 8 3 ,6 1 3 6 2

N et i n c o m e .........................................................................
F ro m this a m o u n t th e f o llo w in g d e d u ctio n s h a v e b e e n
m ade:
P a y m e n ts a c c o u n t S in k in g a n d T ru st
F u n d s, a n d g u a r a n ty o f in te r e s t o n
A lle g h e n y V a lle y R a ilw a y b o n d s . . . . $ 7 2 5 ,1 0 0 88
E x tr a o r d in a y re n e w a ls , & o..................... 1 ,3 8 5 ,2 7 1 51
------------------------

$ 9 ,4 7 0 ,1 1 9 85

B a la n ce a fte r a b o v e p a y m e n t s ......................................... .
D iv id e n d o f 5 p e r c e n t . ............... ................... ................. .

$ 7 ,3 5 9 ,7 4 7 4 6
6 ,4 6 4 ,6 4 7 5 0

A m o u n t tra n s fe rre d t o c r e d it o f p ro fit a n d lo ss f o r
th e y e a r 1 8 9 4 .......................................................................
P re v io u s a m o u n t t o cr e d it................. ............................

$ 9 9 5 ,0 9 9 9 6
2 6 ,4 7 8 ,1 5 2 3 4

2 ,1 1 0 ,3 7 2 39

$ 2 7 ,3 7 3 ,2 5 2 3 0
D e d u ct a m o u n t ch a r g e d o f f in a d ju st­
m e n t o f a d v a n o e s h e r e to fo r e m a d e
u n d e r th e le a se o f t h e U n ite d N e w J e r ­
s e y R a ilro a d s & C an als, a n d th e P h ila ­
d e lp h ia & T re n to n R a ilro a d , f o r o o n s tr u o tio n a n d re a l e s ta te e x p e n d it u r e s .$ 4 ,4 6 1 ,8 7 5 76
L ess a m o u n t r e o e iv e d in se ttle m e n t o f
su n d ry a c c o u n t s ................... ........................
2 4 4 ,2 5 5 7 0
------------------------

4 ,2 1 7 ,6 2 0 0 6

B a la n ce to cr e d it o f p ro fit a n d lo ss D e o . 3 1 , 1 8 9 4 ......... $ 2 3 ,1 5 5 ,6 3 2 2 4

The business depression which prevailed throughout the
country at the close of 1898 continued with even greater se­
verity during the past year, and the reduction o f traffic consequt thenereupon stimulated the sharpest competition that has
probably ever taken place between the transportation inter­
ests of the country, and required the most conservative and
economical management in order to secure even moderate re­
turns upon the capital invested. Under such circumstances
the results attained mnst be considered satisfactory, as, after
providing for all the obligations of the Company, and paying
a cash dividend of five per cent, there was credited to profit
and loss an amount nearly equal to the surplus carried to that
account in the preceding year.
There has been heretofore carried on your balance-sheet to
the credit of Profit and Loss Account the greater portion of
the large sums that have from time to time been expended
under the terms of the lease upon the properties of the United
New Jersey Railroad & Canal Company and the Philadelphia &
Trenton Railroad Company, and representing the important
improvements and additions that have been made thereto
since they passed under your control.
Under this lease your Company is not entitled to receive
either stock or bonds for these ^outlays; and as a large amount of
six per cent bonds of the United New Jersey Railroad & Canal
Company matured during 1894, for the payment of which, as
hereinafter stated, your Company received a like amount of
securities from that Company, it was able to credit the value
of the assets in the sinking fund established for that loan,
which then came into your possession, against these advances,
and the balance, $4,461,875 76, it was thought wise, at this
time, to charge against your general Profit and Loss Ac­
count.

THE CHRONICLE.

434
S IN K IN G

FUNDS.

Under the provisions of the consolidated mortgage o f the
Company, $334,780 were set apart on the first day of July last,
out of the net income, as a sinking fund for the redemption
o f the outstanding bonds secured by that mortgage. None of
the series of bonds to which the Sinking Fund was applicable
could be purchased under the terms of the Trust, and the
amount was placed to the credit of the trustees for investment
under the terms of the mortgage. There are $3,836,348 33 in
securities and cash in the fund for the redemption of these
bonds.
The trustees of the sinking fund for the redemption of the
Trust certificates issued for the purchase of the shares of the
capital stock of the Philadelphia Wilmington & Baltimore
Railroad Company purchased $36,000 of these certificates
during the past year. The total amount so purchased and
cancelled to December 3ist, 1894, is $3,398,000, leaving out­
standing $7,703,000.
The trustees of the sinking fund for the redemption of the
four and one-half psr cent Collateral Trust Loan were not
able to obtain any of these securities during the year at the
limit fixed in the agreement. The amount of this lom out­
standing December 31st, 1894, is $9,900,000.
Under the provisions of the four per cent Equipmsnt Trust
Gold Loan, there was paid to the trustee during 1894, for the
sinking fund, the sum of $138,650. The trustee was able to
obtain but $10,000 of the bonds at the price fixed in the lease,
and in accordance with the terms thereof the balance, $126,650, has been invested in additional equipment.
FU N DED

DEBT.

Six per cent loans of the United New Jersey Railroad &
Canal Company, amounting to $5,646,000, having matured
March 1 and October 1, 1894, a like amount of their four per
cent bonds, maturing fifty years from date, and secured by
their general mortgage of April 20,1871, was issued to provide
for their payment.
The title having been acquired during the year to the re­
maining interests in piers 3, 4 and 5 on the N orth River, New
York, the balance ($325,000) of the four per cent loan of $3,000,000 created in 1893 for the purpose of acquiring these
piers was issued in paymsnt therefor.
The amount of funded debt, including mortgages on real
estate and ground-rents, at the close of the year wa3 $82,756,235 99, being an increase of $339,598 11, accounted for as
follow s:

[ V o l . LX.

The work of extending Broad Street Station, Philadelphia,,
and of constructing the new building in connection there­
with for the general offices o f the Company, was completed
during the year, and these offices removed to'the new location
on July 9th, 1894. The railway facilities of this station, and
the character of the general office building connected there­
with, make it one of the largest and most important terminal
stations in this country ; and the accommodations provided
therein for all the departments of the Company’s service have
proved of great advantage in the transaction of its business,,
and attest the wisdom of this improvement.
The only other items of expenditure on capital account were
for additional freight cars and real estate.
The principal items of expenditure in the construction of
branch and auxiliary lines, in addition to the bridge across the
Delaware River hereinafter referred to, were the completion o f
the Philadelphia & Delaware County Railroad, a local line
projected for the development of the suburban territory in
the vicinity of Philadelphia; the construction of twelve milesof the Ebensburg & Black Lick Road, referred to in the last
annual report, and intended to develop additional bituminous
coal territory, and the purchase o f additional real estate on
the line of the Pittsburg Virginia & Charleston Railway, in
the vicinity o f Pittsburg.
The number of tons of freight moved on the three grand
divisions east of Pittsburg & Erie in 1894 was 64,677,694, a de­
crease of 5,209.768; the number of passengers was 38,596,160^
a decrease of 12'55 per cent. The average distance traveled
by each passenger in 1894 was 18‘0 miles, a decrease of '4 of
a mile.
The rate of freight received per ton per mile was 5 85 mills,
or 29-100 of a mill less than in 1893. Tne co3t of movement
was 445 mills per ton per mile, a decrease of 32-100 of a mill..
The net profit per ton per mile was 1*70 mills, an increase o f
3-100 of a mill. The earnings per passenger per mile were
1 977-1000, as against 1 999 1000 cents in 1893, a decrease o f
22-100 of a mill per passenger per mile. The cost of transport­
ing each passenger per mile was 1 582 1000, as against
1 584-1000 cents, a decrease in coit of 2 100 of a mill, the re­
sult being an average profile on passengers per mile of 395-1000*
of a cent, a decrease of 20-100 of a mill.
The other large Railroad Companies east of Pittsburg and
Erie in which your Company is interested show a large reduc­
tion in revenues, owing to the prevailing industrial depression?
but through the rigid economies enforced in their operation,
the net results must be considered, under the circumstances,
as quite satisfactory. Detailed statements of their operationswill be found in their own annual reports, as well as in the
pamphlet report of your Company. The total amount of coal
mined by the four coal companies in which you are interest­
ed was 2,297,725 tons, a decrease of 315,063 tons.
On the lines west of Pittsburg operated by the Pennsylvania
Company and the Pittsburg Cincinnati Chicago & St. Louis
Railway Company the result was as follows :
E a rn in g s o f P e n n s y lv a n ia C o m p a n y ................
E x p e n s e s ...................

IP 94.
$ 1 7 ,9 0 4 ,4 2 2 651 1 ,5 2 4 .2 8 8 3 1

R e a l esta te b o n d s d isp o s e d o f . . . . l . . . . . . . ............................................ $ 3 2 5 ,0 3 0 0 0 L e a v in g n e t e a r n in g s ....................................... : ..........................
R e n ta l, in te re s t, e t c ............. ........................................................
I n c r e a s e in m o rtg a g e s a n d g r o u n d r e n t s . . . . . . .......................
3 0 ,5 9 6 1 1

$ 6 ,3 8 0 ,1 3 4 3 4
7 ,0 6 7 ,6 1 0 45

$ 6 8 7 ,4 7 6 11
T o t a l........................................................................................................... $ 3 5 5 ,5 9 6 11 N et lo ss o n P e n n s y lv a n ia C o m p a n y ’ s l i n e s ............. ..........
L e s s a m o u n t o f e q u ip m e n t tru st g o ld b o n d s re­
E arn in g s o f P itts b u r g C in cin n a ti Ohio. & St. L o u is R y . $ 1 6 ,7 3 6 ,5 6 9 11
d e e m e d ............................................................................ $ 1 0 ,0 0 0 0 0
E x p e n s e s . ...................................................
1 2 ,4 7 5 ,5 9 0 2 4
L ess a m ou n t o f P h ila d elp h ia W ilm in g ton & B a l­
L e a v in g n e t e a r n in g s ...............................
$ 4 ,2 6 0 ,9 7 8 8 7
tim o re R R . s to c k tru st ce r tifica te s re d e e m e d . 8 6 ,0 0 0 0 0
R e n ta l, in te re s t, e t c ................................................
3 ,5 6 3 ,2 1 7 48
-----------------9 6 ,0 0 0 0 0
N et in c r e a s e ............................................................................................ $ 2 5 9 ,5 9 6 11 N et p ro fit o n P itts b u rg C in cin n a ti C h ica g o & St. L ou is
R a ilw a y C o m p a n y ’ s lin e s ........................................................
C A P IT A L

STO C K .

The amount of capital stock outstanding at the close of the
year was $129,298,200, an increass of $27,150, due to the con­
version of that amount of the scrip dividend declared in May,
1893, but with this exception there was no increase in your
capital account during the year.
S E C U R IT IE S

OF

OTH ER

C O R P O R A T IO N S .

The entire cost of the securities of other corporations now
held by your company is $119,005,655 66. The direct revenue
received therefrom was $4,619,393 64, the decrease as com ­
pared with 1893 being due to the generally reduced returns
from all investments. Notwithstanding this these securities
produced nearly four per cent upon their cost and about a
half a million of dollars in excess of the interest on your
funded debt.
CAR

T R U STS.

No car trust certificates were issued during the past year.
The total number of cars provided under the car-trust system is 57,997.
T o ta l a m o u n t o f c e r tifica te s iss u e d t h e r e f o r ................... $ 3 0 ,6 4 1 ,0 0 0 0 0
A m o u n t i e d e e m e d .............................. ............... .......................... 2 3 ,6 8 7 ,0 0 0 0 0
B a la n c e o f ce r tifica te s o u ts ta n d in g D ec. 3 1 , 1 8 9 4 ..........

$ 6 ,9 5 7 ,0 0 0 00

The amount expanded for construction and equipment on
the main line was $1,497,436 07, and on leased and auxiliary
lines, $892,937 09, a total of $2,390,373 16.



$ 6 9 7 ,7 6 1 3 9

N et p ro fit o n lin e s d ir e c t ly o p e ra te d w e s t o f P itts b u rg .

$ 1 0 ,2 <5 2 8

The other lines we3t 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 Grand
Rapids & Indiana Railroad, and roads operated through its
organization ; Cincinnati & Muskingum Valiev Railway;.
Wavnesburg & Washington Railroad; Pittsburg & Chartiers
& YoughioghenyJRailway; Terre Haute & Indianapolis Rail­
road and roads operated through its organization, and the
Toledo Peoria & Western Railway.
T h e a g g re g a te g r o ss ea rn in g s o f th e se r o a d s w e r e ............. $ 8 ,0 2 8 ,4 7 6 69*
E x p e n s e s ............................................................
6 ,1 8 0 ,2 3 6 5 4
N et e a r n in g s .............................................
$ 1 ,8 4 8 ,2 4 0 15
D e d u ct re n ta l, in terest, A c .................................................................. 1 ,9 3 1 ,4 7 9 28'
L o s s ............................................................................................................
O f th is lo ss th e P e n s y lv a n ia R a ilro a d is r e s p o n s ib le f o r .
W h ich d e d u cte d fr o m the p ro fit s h o w n a b o v e .....................
N et lo ss o n a ll lines w e s t o f P it t s b u r g .........................................

$ 8 3 ,2 3 9 13
$ 5 9 ,4 5 6 52V
1 0 ,2 8 5 2 8
$ 4 9 ,1 7 1 24.

The amount expended on account of construction, equip­
ment and real estate during 1894 on the lines west of Pittsourg?
was $631,769 76. No expenditures were made ou capital ac­
count except such as were absolutely necessary to take care o f
the traffic. The main items of such outlay were payments
for trust cars, real estate and the construction of yard tracks
and sidings.
The number of tons of freight moved on the lines west o f
Pittsburg was 43.088.278, a decrease of 71,139. The number*
of passengers 16,634,303, a decrease of 2,366,755.

THE CHRONICLE.

Maech 9, 18C5.J

The gross earnings of all lines east a n i we3t of Pittsburg
for the year were $122,003,000 07. operating expenses, $85,142,174 53, and net earnings, $36,880,825 54. Tnere were 120,548,652 tons of freight moved and 77,106,555 passengers carried.
GENERAL,

REM ARKS,

There has been paid the managers of the Trust created
October 9th, 1878, by the Company to D scembar 3lst, 1894,
the sum of 54,420,850 03, the total income therefrom has been
$5,054,474 61, and securities have been purchased amounting
at par to $9,393,295, yielding an interest of 5*14 per ceat for
the year. There was appr opriated to that Trust for the year
1894 the sum of $74,310 81. The object sought to be accom­
plished by its creation—that of purchasing the securities upon
which your Compaay was liable as a guarantor—has been
steadily pursued, resulting in the accumulation o f the large
fund above stated, and the time is now approaching when the
wisdom of establishing this Trust will be shown through its
ability to provide the means for meeting obligations of com ­
panies which are themselves unable to provide for their pay­
ment, and that otherwise would have to be discharged out of
the direct revenues of your Company.
The assets of the Insurance Fund on hand at the end of the
year were $3,468,809 37, being an increase of $251,662 04 over
the previous year.
The amount contributed by your company and affiliated
lines during the year to the Employees’ Relief Fund was $33,701 47 for operating expenses, $2,007 50 for deficiencies, and.
in addition thereto, the sum of $31,267 60 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, making an aggregate con­
tribution on the part of your Company and affiliated lines of
$121,976 57. The amount contributed by the employees was
$605,558 76 and the receipts from interest were $6,186 64,
which, with the contributions by the companies, as stated
above, made a total of $733,721 97. This, added to the balance
on hand at the beginning of the year, $132,370 95, aggregated
$866,092 92. Of this amount there was paid to the families of
employees in death benefits, and for sickness and accidents, the
sum of $546,791 22, an average of abaut $1,500 per day, aDd for
expenses, as before stated, $88,701 47, leaving a balance of
$230,600 23 with which to adjust outstanding claims. The
number of death benefits paid was 383, and the average paid
in each case was $575. There were 33,405 members of the
Fund at the close of the year.
The employees continue to avail themselves of the benefits of
the Employees’ Saving Fund, the number of d positors having
increased during the year from 4,058 to 4,112. The amount
received during 1894 was $366,015 and the balance in the Fund
at the close of the year was $1,354,594 73. Of this amount
$1,300,000 have been securely invested in four par cent
bonds.
The Cresson & Clearfield County & New York Short
Route Railroad Company, having a large Abating debt, and
being unable to earn the interest upon its obligations, was
foreclosed and reorganized as the Cresson & Irvona Rail­
road Company, and it is believed will be able to earn a fair
interest upon its present capital, while supplying a reasonable
amount of traffic to your Main Line.
The Brownsville & State Line Railroad, the McKees oort
Sc Bessemer and the Monongahela River & Streets Run
railroads, all closely allied with the interests o f the Pitts­
burgh Virginia Sc Charleston Railway, have been merged
into and consolidated with that Company, and steps taken to
increase both the stock and bond capital of the consolidated
company to $6,000,009. This will enable it to make necessary
•extensions and improvements and provide for the increasing
traffic of the territory which it traverses.
For the purpose of enabling the Merchants’ Warehouse Com­
pany to furnish additional facilities for the traffic brought by
your lines to Pmladelphia, a further contract has been made
with that comoany under the general arrangement already
•existing, through which an additional warehouse for the stor­
age of flour a id merchandise has been erected at Laurel and
Beach streets, and another hay warehouse at Front and
Berks streets.
Believing that the time had come when your interests, as
well as those of the public, would be promoted by the con­
struction of a bridge over the Delaware River, connecting
your lines in the States of Pennsylvania and New Jersey, at a
point as close to the northern limits of Philadelphia as a pru­
dent regard to economy would permit, and without substan­
tial interference with the navigation of the river, your co m ­
pany obtained from the States of Pennsylvania and New Jer­
sey and from the United States Government the requisite au­
thority for its construction. The right of way has practically
been secured, and its construction, which is rapidly progress­
ing, will, it is hoped, be completed during the present year.
This bridge will greatly facilitate not only the movement of
passengers to and from seashore points, but also that of coal
and other heavy traffic to Southern New Jersey, and of agri­
cultural and other products from that State to the city of
Philadelphia.
The work of elevating the roadway of the United New Jer­
sey Division through the city of Elizabeth has been so far
completed as to permit trains to be transferred to the elevated
tracks, thus eliminating the dangerous grade crossing of the
•Central Railroad of New Jersey, and also of all the streets in
the built-up portion of that city. Further large outlay will
be required in connection with this work in providing a new
station and finishing the embankment. The elevation of the




435

tracks on the New York Division between Frankford and
Holmesburg Junction, Philadelphia, was also continued, and
several grade crossings were abolished under the satisfactory
and equitable contract made with the city of Pailadelphia.
Under this contract work is still in progress, and will finally
result in eliminating all grade crossings on this portion of
your line in that city. Considerable progress has been made
toward removing the dangerous crossing of the North P enn­
sylvania Railroad and your Connecting Railway, and this
work, through the liberal appropriations made by your com ­
pany and the city of Philadelphia, will be completed during
the present year.
Your management believes, however, that it is wise, for the
present at least, to suspend further large expenditures of this
character until definite legislation is had to prevent the in­
crease of highway crossings at grade. It certainly does not
seem to be equitable that outlays of this character should be
made by the company when the object had in view is practi­
cally defeated by the continued opening of new highways and
by the privileges granted to electric lines to use the same at
grade. Not only is this the case in cities but also on other
public roads, and the peril resulting therefrom has already
been made apparent by the numerous accidents that have oc­
curred at such crossings.
Your attention is called to the present condition of the
Pennsylvania Canal Company, the share capital of which is
largely owned and the interest upon its bonds guaranteed by
your company. Owing to the destruction by freshets of the
Susquehanna & Tidewater Canal and its unfortunate financial
condition, the canal is now cut off from any connection with
tidewater, and remains as an isolated water way in the central
part of the State, earning little revenue and barely able to
maintain itself. It would seem that this property has reached
a point where the interests of the public would be as well
served if it were abandoned.
Your svstem shared in common with the entire railway in­
terests of the United States in the great depression that con­
tinued throughout the past year. The lines west of Pittsburg
show an even greater proportionate reduction in their gross
earnings than those east of Pittsburg, and while the most rigid
economies were enforced in their management the net results
are nearly $2,000,000 less than for 1893. The aggregate de­
crease in the gross revenues of your entire system is over $16,000,000, and with a saving in expenses of over $13,000,000,
there is a loss in net results of about $3,000,000. This large
decrease in gro3S earnings fully represents the average reduc­
tion in the revenue of the railroads of the entire country.
The two facts strongly emphasized by these figures are :
first, the continued depression in the commercial, manufac­
turing and mining industries; and, second, the constant reduc­
tions in rates that have been forced upon the transportation
interests.
In the former we may naturally expect an improvement
with the return of commercial prosperity, but there seems to
be little ground to hope for relief as to the latter until the gen­
eral public awakens to the fact that the prosperity of the trans­
portation interests of the country depends upon their receiving
proper compensation for the service rendered, and that upon
their prosperity depends to a large extent that of the whole
country. The capital invested in transportation lines must
receive a fair return to enable them to perform the duties for
which they were incorporated, but this result will not be
reached until it is realized that unrestricted competition b e ­
tween railways is often attended with serious disadvantage to
the public interests. The States from which they have ob­
tained their franchises, as well as the National Government,
have thought it wise to bring them under restrictions in
the transaction of their business with the public of a differ­
ent character from those regulating other interests, and they
cannot, therefore, with justice either to those who own and
manage railways, or to tne public for whose benefit they are
really constructed, decline to protect the transportation lines
in the performance of their duties or to sanction the enforce­
ment of proper agreements for the conduct of their j oint busi­
ness.
It was hoped that those entrusted with this duty would
have appreciated the necessity for legislation of this char­
acter; but it would seem as if the country must suffer from a
further period of useless antagonism, destructive to vested
interests and injurious to the public welfare before action is
had in this direction.
Hon. John Scott, who had been connected with your sys­
tem for ov-»r thirty-six years, first as District Solicitor, after­
wards as General Counsel of your lines west of Pittsburg,
and then as your General Solicitor since October 31, 1877,
having determined to retire from the active responsibilities of
the legal department, resigned the latter position, taking
effect February 1st, 1895, and was appointed Counsel of the
Company. Mr. Scott’s great professional ability and unremit­
ting zeal in the discharge of his duties had rendered his ser­
vices invaluable in the many grave legal questions incident
to the management of your affairs, and it was with great re­
gret that your Bo ird felt compelled to accede to hi3 wishes.
Hon. James A. Logan, Assistant General Solicitor, was pro­
moted to the vacancy thus created. Hon. Wayne M icVeagh,
having been appointed Ambassador to Italy, resigned his posi­
tion January 25, 1894, as Special Solicitor of the Company.
Mr. R. D. Barclay, General Assistant to the President, re­
signed May 1, 1894, after a long and honorable connection
both with your service directly and with the former executive
officers of your company.

436

THE CHRONICLE.

Under the revised organization, taking effect December 1,
1894, Mr. Charles A. Chipley was appointed Assistant General
Freight Agent in charge of local traffic, and Mr. John B.
Thayer, Jr., promoted to be Assistant General Freight Agent
in charge of through traffic.
Mr. Samuel Porcher was appointed Assistant Purchasing
Agent March 1, 1894, and Mr. P. Frank Hunter Assistant
Treasurer January 1, 1895.
GENERAL

BALANCE

[V ol . LX.

The General Balancé Sheet of the company is heretoappended.
The Board renew their acknowledgements to the officers
and employees for the fidelity and efficiency with which they
have discharged their duties during the past year.

SH EET

By order of the Board,
G. B. ROBERTS, President.

DECEM BER

31,

1894.

Cb e d it .

D u r in g Y e a r 1 89 4 .
D ecrea se.

In cr ea se.
A ss e t s _
C ost o f r o a d , in c lu d in g t h e c o s t o f th e H a rris b u rg P o rts m o u th M t. J o y & L a n ­
ca s te r R a ilr o a d , re p re s e n te d b y t h e g u a r a n te e d c a p ita l s to c k a n d b o n d s o f
sa id c o m p a n y ($ 1 ,8 8 2 ,5 5 0 )............................................................................................... ..—
R e a l e s ta te ............................................................................................................. - - - ■-: *
E q u ip m e n t....................................................................................... ...................$ 3 9 ,7 8 9 ,7 1 5 92
E q u ip m e n t, c o v e r e d b y 4 p e r c e n t E q u ip m e n t T ru st G o ld L o a n ,
G ira rd L ife In s u ra n c e A n n u ity & T ru st C om p a n y . T r u s t e e A c c o u n t P e n n s y lv a n ia R R . C o ................................. $ 1 ,8 2 5 ,5 3 6 69
A c c o u n t P e n n s y lv a n ia C o . . . . . .................................. 1 ,6 1 0 ,0 0 0 0 0
----------------------3 ,4 3 5 ,5 3 6 69

$ 5 4 ,6 1 4 ,1 7 9 67
1 9 ,8 1 8 ,6 4 0 19

5 9 7 ,3 2 1 7 3
1 2 6 ,6 5 0 00

4 3 ,2 2 5 ,2 5 2 61
C o st o f im p r o v e m e n ts a n d a d d itio n s t o U n ited N ew J e r s e y R R . & C an al C o.—
C o n s tru ctio n ..................................................................................................................................
R e a l e s ta te ................................................. ...................................................................................
P h ila d e lp h ia & T re n to n R R . C o.—
C o n s tru ctio n ............................. ....................................................................................................
R e a l es ta te ..................................................... ................... ..................................................
S e c u r it ie s —C o s t o p —
S to c k o f ra ilro a d c o r p o r a t io n s ..................................... . ...........................................................
B o n d s o f r a ilr o a d c o r p o r a t io n s .................................... ..........................................................
S to ck s an d b o n d s o f o th e r c o r p o r a t io n s ..............................................................................

$ 1 0 0 ,1 1 4 34

$ 1 1 7 ,6 5 8 ,0 7 2 47
$ 3 ,0 9 3 ,8 3 7 9 7
2 ,3 1 1 ,3 6 3 6 6
1 ,2 9 9 ,4 7 8 0 9
3 4 5 ,5 5 9 41

$ 7 3 ,2 7 2 ,9 6 8 77
3 4 ,0 4 7 ,1 1 1 7 7
1 1 ,6 8 5 ,5 7 5 12

M o r tg a g e s a n d g r o u n d r e n ts r e c e iv a b le ..................................- ................................. .
A p p r a is e d v a lu e o f secu rities n o t d isp o s e d o f, r e c e iv e d w it h th e le a se o f U n ited
N e w J e rs e y R a ilro a d & C an al C o.—
S e c u r itie s .............................................................................. ....................................... — - C u r r e n t A ssets —
D u e f o r a d v a n ce s f o r c o n s t r u c tio n a n d o th e r p u r p o s e s ............................ ..................
B ills r e c e iv a b le ........... .............
.................................. %.............................. ...................
D u e fr o m a gen t* a n d s u p e rin te n d e n ts . . . .......................................................................
M iscella n eou s a s s e t s ..................................................................................................................
M a teria ls o n h a n d ..................................................................................
.................
C ash b a la n c e w ith L o n d o n J o in t S to c k B an k , L im ited , a n d o t h e r p a rtie s f o r
p a y m e n t o f in t e r e s t ........................................ ............................................................- ........
C ash in h a n d s o f T re a s u re r.......................................................... .........................................

M a n a gers o f T ru s t cr e a te d O c to b e r 9 th , 1 8 7 8 .......................................................................
T ru ste e s ’ sin k in g fu n d co n s o lid a t e d m o r t g a g e P e n n sy lv a n ia R R . C o.......................
U n ited N ew J e r s e y R a ilr o a d & C an al Co. s in k in g fu n d an d r e d e m p tio n a c c o u n t .

1 1 9 ,0 0 5 ,6 5 5 6 6
1 0 4 ,4 5 0 0 0

7 1 ,0 0 0 00

3 ,2 8 3 ,4 6 0 25
$ 5 ,1 4 7 ,0 8 0
2 3 0 ,6 1 5
2 ,8 5 3 ,8 6 2
3 ,4 8 5 ,« 11
2 ,3 7 7 ,6 0 8

7 5 8 ,7 7 4 34

86
88
06
20
60

1 ,2 5 3 ,6 3 3 7 9
4 ,9 1 3 ,7 8 6 71

.

S in k in g F u n d s —
i
P e n n s y lv a n ia R a ilro a d C o n s o lid a te d M o r tg a g e S in k in g F u n d —
$ 5 ,0 1 5 ,0 2 0 0 0
L e s s b o n d s r e d e e m e d a n d c a n c e lle d ........................................................
1 .' 7 1 ,9 8 0 0 0

5 2 1 ,8 6 1 5 7
5 0 2 ,4 0 8 22
1 3 8 ,7 1 0 32

1 ,6 6 0 ,8 1 3 20

6 2 0 ,0 0 7 9 1
1 9 1 ,5 2 0 26
1 ,0 5 8 ,8 9 2 7 2

9 6 ,9 7 4 92
7 9 3 ,1 5 8 78
2 0 ,2 6 2 ,3 9 9 10
3 2 4 ,7 8 0 0 0

$ 3 ,2 4 3 ,0 4 0 0 0
4 ,4 2 0 ,8 5 0 03

7 3 ,8 5 4 7 0

1 2 ,7 5 8 9 9
2 ,5 7 6 ,5 4 0 0 0

7 ,6 6 3 ,8 9 0 03
10,000 00

In s u ra n c e f u n d ........................................... ........................................................................................

T o t a l ............. ; .............................................................................................. ............ .............. ......................................... $ 2 6 7 .9 « 7 ,9 2 7 51

. . . . $ 5 .7 9 0 ,0 7 0 0 3

D e b it .

L ia b i l i t i e s
C a p ita l s to c k
F u n d e d d eb t— .
$ 1 9 ,9 9 7 ,8 2 0 0 0
G en era l m o r tg a g e b o n d s , 6 p e r c e n t, d u e 1 91 0 .
C o n s o lid a te d m o r tg a g e b o n d s , 6 p e r ce n t, d u e 1 9 0 5 ................................. $ 2 7 .4 8 0 ,0 2 0 0 0
C o n s o lid a te d m o rtg a g e b o n d s, 5 p e r c e n t, d u e 1 9 1 9 . . . . .........................
4 ,9 9 8 ,0 ^ 0 0 0
3 ,0 0 0 ,0 0 0 0 0
C on s o lid a te d m o r tg a g e b o n d s , 4 p e r c e n t, d u e 1 9 4 3 .................................
3 5 ,4 7 8 ,0 2 0 0 0
1 ,0 0 0,00 0 0 0
N a v y Y a i d m o r tg a g e b o n d s , 5 p e r c e n t, d u e 1 9 0 1 ...........................................................
9 .9 0 0 .0 0 0 0 0
C olla tera l tru s t lo a n ,
4 1 p e r ce n t, d u e 1 9 1 3 . , . . ......................................................
«
2 .7 2 8 .0 0 0 0 0
E q u ip m e n t tru s t lo a n ,
4 p e r ce n t, d u e 1 9 1 4 .............................................................
7 .7 0 2 .0 0 0 0 0
P . W . & B . R R . s to c k tr u s t ce r tifica te s , 4 p e r ce n t, d u e 1 9 2 1 ................. ...
............
2 , 000,000 00
F ir s t m o tg a g e re a l e sta te b o n d s, 4 p e r ce n t, d u e 1 9 2 3 ....................................................
3 ,9 5 0 ,3 9 5 99
M o rtg a g e s a n d g r o u n d r e n ts p a y a b le .................................................... .............. ...................
G u a ra n te e s u n d e r le a se H a rris b u rg P o rts m o u th Mt. J o y & L a n ca s te r R R . C o.
On ca p ita l s to o k ........................ ...................................................................................................
O n 4 p e r c e n t m o rtg a g e b o n d s ................................................................ ..............................

$ 4 ,9 6 5 ,0 0 1
5 9 7 ,9 8 6
1 0 ,2 0 3 ,3 1 3
6 0 ,0 0 8
4 6 8 ,6 8 5
6 3 ,7 1 5
7 7 ,8 8 0
7 1 ,8 9 1
8 7 0 ,6 8 2

8 6 ,0 0 0 00*
8 2 ,7 5 6 ,2 3 5 99

$ 1 ,1 8 2 ,5 5 0 00
7 0 0 ,0 0 0 0 0

A p p r a is e d v a lu e o f a ssets n o t d is p o s e d o f, r e c e iv e d w it h th e le a s e o f U n ite d N e w
J e r s e y R a ilro a d & C an al C om p a n y —
S e c u r it ie s ......................................... .................. ......................................................................
Cu r r e n t L i a b i l i t i e s —
P a y -r o lls a n d v o u c h e r s ....................... ..................................................... .......... .................
N e t t ra ffic b a la n c e s d u e o th e r r o a d s ....................................................................................
D u e c o n tr o lle d co m p a n ie s, o th e r th a n tra ffic b a la n c e ...................................................
D u e e m p lo y e s ’ S a v in g F u n d . . . ..........
...........................................................................
D u e R e lie f F u n d , cu rre n t a n d s u rp lu s a c c o u n t s ...........................................................
D u e I n s u r a n c e F u n d ........................................................ ..........................................................
In te r e s t on b o n d s m a tu r e d and u n c o lle c te d ................... ..................................................
D iv id e n d s u n c o lle c te d b y s h a r e h o ld e r s ................. ............................................................
M isce lla n e o u s lia b ilit ie s ............................................................................................................

$10,000 00
3 2 5 ,0 0 0 0 0
3 0 ,5 9 6 11

Sin k in g F unds —
S in k in g fu n d c o n so lid a te d m o r tg a g e b o n d s, c o n tr ib u tio n s to D eo. 3 1st, 189 4
F u n d f o r p u rc h a se o f se cu ritie s g u a r a n te e d b y th e P e n n sy lv a n ia R a ilr o a d C om ­
p a n y , u n d e r T ru st cr e a te d O c to b e r 9 th , 1 8 7 8 ...................................................................
P e n n sy lv a n ia C o m p a n y , p a y m e n ts f o r le a se d e q u ip m e n t u n d e r P e n n sy lv a n ia
R a ilro a d C o m p a n y 4 p e r c e n t e q u ip m e n t tr u s t lo a n ..................................................
T ru ste e s ’ sin k in g fu n d c o n s o lid a te d m o r tg a g e , P e n n sy lv a n ia R a ilr o a d C om p a n y
B a la n c e t o c r e d it o f p r o fit a n d l o s s ............................................. .............................................
T o ta l.

1 ,8 8 2 ,5 5 0 00
3 ,2 8 3 ,4 6 0 25
1 3 6 ,9 9 5 98
2 4 ,8 0 9 51

92
93
64
24
79
89
82
51
15

1 0 7 ,4 7 4 43
3 0 ,2 2 3 3 5
2 6 ,1 7 7 8 0

3 ,4 2 9 ,4 9 0 454 ,4 3 7 6 4

2 7 ,1 7 6 5 0
4 1 8 ,4 6 4 6 &

1 7 ,3 7 9 ,1 6 6 89
$ 5 ,0 1 5 ,0 2 0 0 0

3 2 4 ,7 8 0 0 0

4 ,4 9 5 ,1 9 0 91

7 4 ,3 4 0 88
8 0 ,5 0 0 00
3 1 9 ,9 7 1 23

4 0 2 ,5 0 0 0 0
3 1 9 ,9 7 1 ,2 3
1 0 ,2 3 2 ,* 8 2 14
2 3 ,1 5 5 ,6 3 2 24

3 ,3 2 2 ,5 2 0 1 0

I$ 2 6 7 ,9 «7 ,9 2 7 51

$ 5 ,7 9 0 .0 7 0 OS

ROBT. W . SMITH, Treasurer.
¡ g p Stockholders can obtain copies of the report in pamphlet form by pers onal application or by letter to the Secretary»"
Room 271, Broad Street Station, Philadelphia.




THE CHROOTCEE.

March 9, 1895. J

Texas Trunk.—The United States Circuit Court at Dallas,
Tex., last week issued a decree of foreclosure in the suit brought
by the Central Trust Company of New York, trustee. The road
was ordered sold at Dallas in June next. The amount of in­
debtedness of the company is something over $308,000. The
road is about 47 miles long, extending from Dallas southeast­
erly to the small town of Kemp, and has been operated by a
receiver for a long time.
Toledo Ann Arbor & North Michigan.—The petition of
the stockholders’ committee asking to be made party to the
foreclosure proceedings and seeking a suspension of the de cree of sale has been argued before the United States Circuit
Court in Cincinnati this week. The signers of the petition
are George W. Murray, Thomas A. McIntyre, Joseph R ich­
ardson, Edmund C. Stedman and James P. Clews. The peti­
tioners claim to represent more than a majority of the stock,
which is now deposited with the Atlantic Trust Company.
The petition avers that the consolidated mortgage was never
properly authorized, and that the consols were not issued in ac­
cordance with the termsof the deed of trust.—Vol. 60, p. 131.

437

3^he C o m m e r c ia l 3£im es.
COMMERCIAL

EPITOME.

F r id a y N ig h t , M arch 8, 1895.

A more cheerful feeling appears to be developing in busi­
ness circles. Buyers are placing orders for staple commod­
ities with greater frequency ana for larger quantities and the
influence of the increased movement of supplies is noticeable
in a strengthening of value upon many leading articles. There
isalso noticeable a slight revival of speculative interest in some
of the principal descriptions of merchandise, which serves to
increase the line o f investing ventures. Crop movements
have not varied sufficiently from previous estimates to pro­
duce any pronounced influence upon the markets. In a few
districts fall-sown wheat suffered slightly from unpropitious weather, but west of the Mississippi River recent
rains have proven beneficial, and the general condition of
crop has suffered no deterioration during the current week.
The following is a comparative statement of stocks of lead­
Union Pacific.—Announcement was made yesterday that
the reorganization committee o f the Union Pacific Road had ing articles of merchandise at dates given :
abandoned its task and will return securities deposited with
Feb. 1,
M a rch 1,
M a rch 1,
it. The committee will dissolve as soon as routine matters
1 89 5 .
189 5 .
189 4 .
can be closed up. It was generally understood that this ac­
tion is the result of the failure of Congress to pass the refund­ P o rk ..........................
1 1 ,9 1 2
1 2 ,6 2 9
9 ,6 5 9
L a r d . . . . . . . .................
ing bill.—V. 60, p. 893.
1 2 ,4 6 1
1 4 ,8 6 8
9 ,7 4 3
T o b a cco , d o m e s t i c . ............hhds.
1 6,2 i l
1 5 ,7 9 1
1 4,2 43
Utica Belt Line Street Railroad.— Earnings for the quar­ T o b a cco , f o r e i g n ... .
6 6 ,0 7 3
6 5 ,7 7 0
4 5 ,8 1 7
Ooffee, R io ..................
ter ending December 81, 1894, have been reported as follows:
1 8 8 .0 7 7
1 6 7 ,5 2 3
2 1 0 ,4 1 6
3 m onth s
Gross
en d . D ec. 3 1 .
ea rn in g s,
1 8 9 4 ......................... $ 3 7 ,3 8 8
1 8 9 3 ......................... 3 3 ,6 4 6

O p era tin g
expen ses,
$ 2 6 ,2 8 5
2 4 ,7 2 2

N et
ea rn in g s.
$ 1 1 ,1 0 3
8 ,9 2 4

I n i , taxes, B a t.,
ren ts, etc. su rp lu s.
$ 1 0 ,7 2 8
$375
4 ,7 6 4
4 ,1 6 0

Balance sheet of Dec. 31,1894, showed capital stock, $383,913; funded debt, $641,000; cash on hand, $80,711; profit and
loss, surplus, $8,310.
Valley Railway o f Ohio.—A plan for the reorganization of
this company has been prepared by the following committee:
Louis Fitzgerald, Edward R. Bacon, Giles E. Taintor, Benia­
min Perkins, James Sloan, Jr., Alexander Shaw, William H.
Blackford, Thomas M. King, William A. Read. H. C. Deming, Secretary.
The plan provides that the successor corporation shall issue
$5,500,000 of first mort. four per cent 100-year gold bonds
(secured by first mort. upon all the property of the company, in­
cluding the additional terminals to be acquired in Cleveland),
$3,200,000 of 6 per cent non-cumulative preferred stock and
$5,200,000 of common stock. Under the terms of the plan
the Baltimore & Ohio will settle its claims and guarantee t^e
new bonds, principal and interest. In consideration for its
guarantee the Baltimore & Ohio will receive $540,000 nf the
preferred stock, and as further consideration, and in exchange
for stock now held by it, $4,594,300 of the common stock. The
balance of the common stock ($605,700) will be exchanged for
the present stock, share for share, on payment of a ten per
cent assessment. The holder of each first mortgage seven
per cent bond, with coupon of June 15, 1892, will get $1,213
of new fours. The holder of each six per cent consol, with
coupon of Sept. 1, 1892, will get ,$500 of new fours and $750
preferred stock. The new securities will be applied as follows;
1. F o u r p e r ce n t on e-h u n d red -y ea r g u a r a n te e d g o ld b o n d s.
I n e x c h a n g e f o r p r in c ip a l o f o ld first m o rtg a g e b o n d s at p a r .$ l,6 0 0 ,0 0 0
I n t e r e s t o n th e sam e fr o m D ec. 1 5 ,1 8 9 1 , t o J an . 1 , 1 8 9 5 . . .
3 4 0 ,9 7 6
F o r 5 0 p e r ceDt o f th e p r in c ip a l o f th e o ’ d 6 p e r cen t co n s o ls
(o th er th a n th o s e h e ld b y th e B a ltim o r e & O h io R R . C o. as
co lla te r a l), a m o u n tin g in a li to $ 1 ,5 2 4 ,0 0 0 ..............................
7 6 2 ,0 0 0
F o r o n e -b a lf o f th e d e b t o w n e d nr g u a ra n teed b y th e B. &
O. R R . C o., v iz ., $ 8 2 2 ,0 0 0 .................................................................
4 1 1 ,0 0 0
(T he B . & O. a c c e p tin g p a y m e n t o f th e o th e r h a lf in p r e ­
fe r r e d s to c k , as h e r e in a fte r sta ted .)
F o r in te re s t o n a b o v e d e b t (estim a ted )..............................
1 2 0 ,0 0 0
F o r th e a cq u isitio n o f a d d itio n a l te rm in a l p r o p e r tie s a t
C le v e la n d .................. ...................................
4 4 9 ,0 0 0
F o r r e c e iv e r ’ s ce r tifica te s a n d co n tin g e n t lia b ilitie s (estm ’d ). 1 ,0 2 5 ,5 2 6
F o r e x p e n se s , ca s h re q u ire m e n ts a n d as a re s e rv e fo r fu tu r e
n e e d s ........................................................................................................
7 9 1 ,4 9 8
T o ta l first m o r t g a g e ..........................................................................$ 5 ,5 0 0 ,0 0 0
2 . P re fe r re d s to c k —
F o r 7 5 p e r ce n t o f th e o ld 6 p e r c e n t c o n s o ls (o th e r th a n
th o s e field b y t h e B . <feO. R R Co. as c o lla te r a l), a m o u n t­
in g t o $ 1 ,5 2 4 ,0 0 0 , b e in g in fu ll p a y m e n t o f th e p r in c i­
p a l a n d in te re s t o f sa id b o n d s ......................................................... $ 1 , 1 4 3 / 0 0
F o r th e b a la n c e o f i h e d e b t ow n ed o r c o n tr o lle d b y th e B . &
O. R R C o .,a m o u n t in g to $ 8 2 2 ,0 0 0 ,b e in g o n e -h a lf t h e r e o f..
4 1 1 ,0 0 0
T o t h e B . & O. R R . Co. in p a rt co n sid e ra tio n fo r its g u a r a n ty
o f t h e n e w first m o r t g a g e ..................................................................
5 4 0 ,0 0 0
F o r ca s h re q u ire m e n ts a n d as a re s e rv e fo r im p r o v e m e n ts
a n d b e tte rm e n ts an d fu tu r e n e e d s .................................................
1 0 6 ,0 0 0
T o t a l p r e fe r r e d s t o c k .................................................................. ..$ 2 ,2 0 0 ,0 0 0
3 . C o m m o n s to c k (1 0 4 ,0 0 0 sh a res, * 5 0 e a ch ).
S h a re f o r sh a re fo r co m m o n s to c k o f o ld co m p a n y o n p a y ­
m e n t o f a ssessm en t o f $ 5 a s h a re ................................................. $ 6 0 5 ,7 0 0
T o b e iss u e d t o B. & O. R R . Co. as fu r th e r co n sid e ra tio n f o r
g u a r a n ty o f n e w first m o rtg a g e an d u p on su rren d er o f th e
e o m m o n s to c k n o w h eld b y i t . . .................................................... 4 ,5 9 4 ,3 0 0
T o t a l co m m o n s t o c k . . ! .................................................................... $ 5 ,2 0 0 ,0 0 0

All bonds and stock must be deposited under this plan with
the Mercantile Trust Company in the city of New York on or
before April 15.—V. 60. p. 84.
W aco & Northwestern.—At Galveston, Texas, March 8,
Judges Bryant and McCormick of the United States Courts,
made an amended decree respecting the sale of this road. The
sale of Dec. 28. 1892, is set aside, the $25,000 deposit is ordered
returned to Mr. Green with interest and a new sale is or­
dered.—Y. 57, p. 854.




Coffee, o t h e r ..............
Coffee, J a v a , & c ____
S u ga r.......................
..........hhds.
8 u g a r...........................
M olasses, f o r e i g n . .
H i d e s .... .................. ...............N o.
C otton .........................
R osin ............................
S pirits tu rp e n tin e . . ............bbls.
T a r...............................
R ice, E . I ....................
R ice, d o m e s t ic ..........
Linseed . . . . . . . . . . .
S altp etre.....................
J u te b u t ts ...................
M anila h e m p ___ . . .
Sisal h e m p ................. ..........b ales.
F lo u r...................b b ls. a n d sack s.

2 7 ,3 4 7
1 7,2 21
322
2 4 7 ,0 7 9
N one.
4 7 ,6 0 0
1 5 1 /4 4
3 4 ,6 0 0
1,521
3 ,2 1 5
1 5 ,0 0 0
2 ,2 0 0
N one.
2 ,8 0 0
N one.
1 0 ,6 2 4
1 1 ,3 0 7
1 6 7 ,6 0 0

4 0 ,3 9 1
1 0,6 31
224
2 5 2 ,3 9 4
N on e.
4 9 ,4 0 0
1 7 7 ,0 5 5
3 0 ,7 4 6
1,4 6 9
2 ,9 9 0
1 1 ,5 0 0
1 ,500
N one.
3 ,5 0 0
2 ,0 0 0
1 4 .7 9 6
12,5 55
1 5 8 ,3 0 0

2 0 ,6 5 3
3 9 ,8 5 0
274
9 ,1 3 0
107
1 7 0 ,0 0 0
2 5 1 ,2 7 6
3 8 .5 8 9
2 ,1 0 8
2 ,1 4 7
2 ,5 0 0
2 ,0 0 0
N one.
4 ,7 0 0
6 ,0 0 0
1 ,0 0 0
1 1 ,2 4 3
1 8 5 ,4 0 0

Lard on the spot has been in slightly better demand and
prices have advanced, closing steady at 6'80c. for prime
Western, 6%c. for prime City and 7’20c. for refined for the
Continent. There has been no speculation in lard futures in
the local market, but prices have been quoted nominally
higher in response to stronger advices from the West, where
“ shorts” have been buying rather freely to cover contracts,
closing steady.
DAILY CLOSING PRICES OP LARD FUTURES.
Sat.
M a r c h .................................... c. 6*72
M a y ........................................ e. 6*82

Mon.
6 '7 7
6 90

Tues.
6 '7 5
6 '8 5

W ed.
6*75
6 '8 5

Ih u rs.
6 '8 0
6 '9 2

Frt.
6 -8 0
6-95-

Pork has been in good demand and prices have been ad­
vanced, closing at $11 75@$12 25 for mess. Cutmeats have
been quiet but steady. Tallow has been firm but quiet, clos­
ing at 4%c. bid, 4%c. asked. Cotton-seed oil has been quiet
and without change at 22c. for prime crude and 26c. for prime
yellow. Butter has been easier. Cheese has been in demand
and firm. Fresh eggs have declined sharply.
Raw sugars have again sold freely, with much strength
shown in general tone of market. Centrifugal quoted at 3c.
for 96 deg. te st and muscovado at 2 ll-16c. for 89-deg. test. Re­
fined sugars more active, with cost higher and tone firm;
granulated quoted at 4 1 16c. Teas and spices steady.
Coffee generally was firmly held and sparingly offered,
with good demand found for fine qualities. Rio quoted at
16%c. for No. 7, good Cucuta at 19%c. and staple Java at
26@26%c. For future delivery moderate fluctuations in trad­
ing and price occurred, but general inclination was toward a
firm tone. At the close the feeling is quiet.
The following were final asking prices :
M a rch ............. 1 5 '1 0 c . I J u n e ...................... 1 4 '7 5 c . |S e p t . . . . . . . ......... 1 4 '7 5 e .
A p r il............... ..1 4 '9 0 o . J u l y .................... 1 4 '8 c o . O c t........................1 4 '7 5 o .
M a y .....................14 7 5 c . | A u g ......................1 4 '7 5 c . |D e c ........................1 4 '5 0 o .

The supply of desirable grades of Kentucky has continued
limited and the amount of business transacted has beeD small;
prices firm. Seed leaf tobacco has been quiet but prices have
held about steady. Sales for the week were 850 cases, includ­
ing: 200 cases 1893 crop, Pennsylvania Havana seed, 9%@10c.; 200 cases 1893 crop, Zimmers, 10%c.; also 500 bales Ha­
vana, 68c.@$l 05, and 200 bales Sumatra, $2 75 in bond.
There has been very little trading in the market for Straits
tin and prices have made no changes of importance, closing
quiet at 13'lOc. Ingot copper has sold slowly and prices have
declined, closing dull at 9-35@9'50c. for Lake. Lead has been
unchanged, closing at 3’ 10c. for domestic. Spelter has been
steadier, closing at 3'12%c. for domestic.
Pig iron ha3
been easier in tone, closing at $9@$12 50 for domestic.
Refined petroleum has advanced, closing at 6 60c. in bbls.,
410c. in bulk and 7’70c. in cases; crude in bbls. has been u n ­
changed, Washington closing at 7c. in bbls and 4'50c. i n
bulk; naphtha, 6 75c. Crude certificates have further a d ­
vanced, closing at $1 07% bid.
Spirits turpentine has been
higher, closing firm at 35@85%c. Rosins have advanced
sharply, closing at $1 55@$1 60 for common to good strained.
W ool has had a fair call at steady prices. Hops have been
quiet and easv.

THE CHRONICLE

438

IVOL, LX,

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
March 8, 1895.
cleared, at the ports named. W e add similar figures for
T h e M o v e m e n t o p t h e C r o p , as indicated by our telegrams New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 119,835 bales,
ON SHIPBOARD, NOT CLEARED—FOR
against 137,940 bales last week and 91.807 bales the previou?
L e a v in g
M a rch 8 at—
week; making the total receipts since the 1st of Sept., 1894,
O ther
C oast­
G reat
S tock.
F ra n ce. F o reig n w ise.
Total.
6.856,034 bales, against 5,306,779 bales for the same period of
B rita in .
C

O

T

T

O

F r id

G a lv e s t o n ..........
V e la s c o , & c ___
N e w O r le a n s ..
M o b i l e ................
F l o r i d a ...............
S a v a n n a h ..........
B r u n s w ’k .& o .
C h a r l e s t o n . ... .
P t. R o y a l, &o.
W i l m i n g t o n ... .
W a s h ’ t o n , &o.
N o r fo lk ...............
W e s t P o i n t .. .
N ’p o r t N ., <feo.
N e w Y o r k ..........
B o s t o n ...............
B a lt im o r e ..........
P h ila d e lp h ’ a &o

3 ,2 3 6
........
8 ,7 1 7
1 11
......
2 ,2 1 2
........
1 ,0 8 0
.........
2 27
..........
1 ,4 0 6
690
..........
400
866
.........
1,7 1 8

.

N ig h

t

,

Thurs. I F ri.

Tues.

Wed.

2 ,9 4 7

2 ,6 2 4

1 ,1 8 2

6 ,5 1 9 1 5 ,0 1 2
1 ,2 6 7
516

4 ,9 6 1
51

4 ,2 1 1
9

2 ,9 6 9

2 ,0 0 9

1 ,7 5 7

M on .

Sal.

R eceip ts at—

N

ay

2 ,8 5 4

1 ,8 8 3
..........
4 ,3 0 1
......
595
..........
2 ,0 2 3
904
..........
413
829
..........
414

I Total.

1,974' 1 4,8 17
3 ,0 7 8 '
3 ,0 7 8
4 ,8 6 1 1 4 4 ,2 8 1
2 ,1 7 0
216
1 08 '
108
2,193¡ 1 3 ,0 2 3
516
516
8 ,7 9 7
395

1 ,0 8 4

1 ,1 6 0

7 77

280

64

349

1 ,3 5 8
856

1 ,7 7 4
150

2 ,0 8 8
97

3 22
1 ,1 4 0

2 ,1 6 6

1,0 7 2

327

127

3 ,8 6 6

1 ,7 6 9
7
1 1,1 13
2 ,9 0 0
598
1 ,4 4 5
7 ,0 0 8
1 ,4 9 2
6 ,7 1 3

254
7
1 ,9 6 4
203
5 98
280
9 35
1 ,4 9 2
261

..........

T o t ’ls th is w e e k 2 0 ,6 6 3 2 1,2 81 ! 2 8 ,0 6 2 1 5 .0 8 6 ! 1 5 ,4 0 8 19.335 1 19 835

The following shows the week’s total receipts, the total sine
R eceip ts to
M a rch 8.

S tock.

1 8 9 3 -9 4 .

1 8 9 4 -9 5 .
This
W eek.

S ince Sep.
1 ,1 8 9 4 .

This
W eek.

Since Sep.
1 ,1 8 9 3 .

1895.

1894.

1 0 1 ,1 6 5

6 2 ,4 5 2

3 6 7 ,0 6 7
2 9 ,8 6 4

2 5 2 ,4 8 4
3 0 ,8 2 8

6 3 ,0 1 4
6 ,6 9 3
6 0 ,6 5 2

7 9 ,6 4 4
2 00
4 1 ,0 3 1

1 4 ,8 1 7 1 ,5 3 3 ,5 5 6
5 8 ,0 4 5
3 ,0 7 8
4 4 ,2 8 1 2 ,2 1 6 ,9 6 0
2 1 7 ,3 5 4
2 ,1 7 0
1 9 ,0 6 6
1 08
8 4 0 ,5 3 9
1 3 ,0 2 3
1 4 0 ,9 7 5
516
3 9 4 ,8 4 0
8 ,7 9 7
1 3 1 ,3 4 5
2 2 3 ,7 3 5
1 ,7 6 9
906
7
4 0 7 ,2 5 4
1 1 ,1 1 3
2 5 6 ,6 3 5
2 ,9 0 0
3 5 ,8 9 4
5 98
1 1 3 ,4 2 3
1,4 4 5
6 7 ,4 7 6
7 ,0 0 3
102 ,78 1
1 ,4 9 2
9 5 ,2 5 0
6 ,7 1 3

9 4 4 ,5 5 2
5 ,7 1 2
3 2 ,9 3 3
2 75
3 0 ,1 6 2 1 ,6 6 3 ,8 1 0
1 8 2 ,2 2 5
1 ,8 8 1
3 1 ,3 0 9
160
87.5,696
9 ,6 2 3
1 ,025
6 7 ,4 4 4
3 2 2 ,9 1 0
2 ,5 4 3
6 1 ,8 6 7
8
1 8 4 ,8 0 2
1 ,9 0 0
4 95
6
4 2 3 ,9 7 0
3 ,6 5 7
2 1 9 ,5 1 0
3 ,8 0 5
5 1 ,5 2 6
1,9 4 2
6 6 ,4 6 0
3 ,0 2 6
8 4 ,7 9 7
975
4 0 ,1 2 6
1,791
4 3 ,3 4 7
1 ,5 6 0

1 5 ,4 6 6

1 3 ,5 2 5

4 0 ,8 09
1 2 ,2 6 7
1 ,1 4 9
1 8 4 ,5 2 8
2 8 ,0 0 0
2 4 ,8 7 8
14,4 51

4 7 ,9 2 4
6 ,6 5 3
2 ,2 5 3
2 5 3 ,9 0 2
1 1 ,0 0 0
2 5 ,3 2 6
9 ,9 5 4

T o t a l s ........ 1 19 ,83 5 6 ,8 5 6 0 3 4

7 0 ,0 5 1 5 ,3 0 6 .7 7 9

9 4 9 ,9 9 3

8 3 7 .6 7 6

G a l v e s t o n ...
V e la s c o , & o.
N e w O rlea n s
M o b ile ............
F l o r i d a ..........
S a v a n n a h ...
B r’ w iok ,& o
C h a r le s t o n ..
P .R o y a l,o . j
W ilm in g ton ..
W a s n ’n , &o
N o r f o l k .........
W e s t P o in t
N ’ p ’ t N .,& o
N ew Y o r k ...
B o s t o n ..........
B a l t i m o r e ...
P h ila d e l.,& o .

....

In

o r d e r th a t co m p a r is o n m a y be m a d e w it h o th e r y e a rs , w e
g i v e b e lo w th e to ta ls a t le a d in g p o r ts f o r s ix s e a s o n s .
R eceip ts at—

1895.

1893.

1894

1892.

1891.

1890

G a lv e s ’n,<fco.
N e w O rleans
M o b i l e .........
S a v a n n a h ...
C h a r’ton ,& o.
W ilm ’ ton ,& o
N o r f o l k ........
W . Point,<&o.
A ll o t h e r s ...

17,895
44,2 31
2,170
13,023
8,797
1,770
11,113
3,498
17,282

5 ,9 8 7
3 0 ,1 6 2
1,881
9 ,6 2 3
2 ,5 5 1
1 ,9 0 6
3 ,6 5 7
5 ,7 4 7
8 ,5 3 7

1 1 ,7 4 2
2 0 ,9 1 1
1 ,2 5 1
3 ,6 2 2
1 ,7 7 0
2 93
5 ,7 9 2
1 ,1 6 3
9 ,0 3 1

1 2 ,2 7 6
3 8 ,1 3 3
2 ,6 6 0
1 1 ,8 0 4
3 ,8 7 9
1 ,4 3 3
7 ,0 3 5
5 ,3 4 7
1 0 ,8 2 )

9 ,2 3 1
2 9 ,3 1 9 ,
4 ,5 0 2
1 3 ,0 9 4
4 ,5 1 6
1 ,2 5 2
9 ,6 3 0
5 ,1 9 5
1 0 ,8 0 2 J

6 ,7 7 1
2 1 ,5 8 6
7 11
4 ,7 7 3
1 ,7 9 2
3 25
2 ,8 6 5
3 ,7 6 3
1 2 ,1 4 4

T o t . th is w k .

1 1 9 ,8 ¡5

7 0 ,0 5 1

5 5 ,5 7 5

9 3 ,3 9 3

8 7 ,5 4 1 1

7 ,8 2 3
6 ,6 8 2
N one.
6 ,6 0 0
5 .0 0 0
7 .0 0 0
8 ,6 0 0
1 0 ,0 0 0

1 7 ,8 7 6
3 ,9 5 0
N one.
N one.
N on e.
N one.
400
N on e.

2 8 ,9 3 0
7 ,5 2 6
5 .0 0 0
9,<100
1 ,5 0 0
4 .0 0 0
7 ,8 5 0
8 .0 0 0

5 ,7 8 0
6 ,9 7 4
500
250
N on e.
3 ,0 0 0
N on e.
N one.

T o t a l 1 8 9 5 .. .

5 1 ,7 0 5

2 2 ,2 2 6

7 1 ,8 0 6

T o t a l 1 8 9 4 .. .
T o t a l 1 8 9 3 .. .

4 6 ,7 3 6
3 9 ,3 9 4

150
1 1,0 43

4 3 ,9 0 6
3 3 ,3 0 8

H ew O r le a n s ...
G a lv e s to n .........
S a v a n n a h ___ _
C h a r le s t o n .....
M o b ile . . . . . . . . .
N o r fo lk .............
H ew Y o r k . . . . . .
O th er p o r t ___

1,820

5,696
West Point...
N ’p’t News, Ac
New York—
Boston...........
Baltimore......
‘Philadelp’a ..

6,090
6,499
1,547
3,336

1,162

5,466
7,516

9,423 16,675
6,499
407 2,044
350 3,680

39,830




5%
5 716
5 78
63 lb
6%

41 I 1«
538
5 1 » !,
648
6 u i«

M o n T u es W e d

Tb.

F ri.

5
5 i ii a
61*
6 7ie
7

6 I 16

Tb.

F r i.

&s 16

4*3
5 816
5 «s
51516

S a t.

GULF.

4^3
5 « ,e
5%
5151P 5 l5 ie
61«
6h»

434
5 7e
68le
6*

613

413j6
5 I3
515x6
6^
813)6

4*
5 7ie
5 78

8816
6%

M o n T u es W e d

4k
5 3ie
51*32
5»8

414
5 316
ÖlSga
5<*8

in
5946
5^*82
55g

45ie
5H

51632
ò li«

4 i5 i6
55s
638
e u ,e

4>a
47i6
53s
57,6
52 (32 51833
513,6
5 78

M A R K E T AND SALES.

733,332 198,467

6,912 85,454jl32,196 2,701,861 651,175 1,916,802 5,269,838
Total. 1898-94. 55,318 20,818 24,860ll01,016l2,411.271 546 484 1,231,330 4,189,0=5
* Including Port Royal.
Total............

4®16
5H
S u ie
6
6 9i «

41
«

S a t.

5,466

F r i.

G ood O r d in a r y ..............................
L ow M id d lin g .................... ............
M id d lin g...........................................
J o o d M id d lin g ................. ............
M id d lin g F a ir .................................

S T A IN E D .

11,975 11,975

Tb.

M o n T u es W e d

L o w M id d lin g ..................................
d id d lin g ..........................................
S tr ic t M i d d l in g ..................
G ood M id d lin g T in g e d ...............

13,019

7 3 3 ,7 6 6
8 1 7 ,9 6 4

S a t.

Week Ending March 8.
ÍVom Sept. 1,1804 to Mch. 8 1895
Exported to—
Exporte to Great
Conti­ Total Great
Conti­
France nent. Week. Britain. France nent.
Total
BriVn.
300,627 1,232.426
47.352
47,352
665.951 381,781 507.012,1,554,744
71,450
20,394
91,844
63,132 24,317 383,399 470,848
74,745
17.632
92,387
225,218 13.786 178,621 417,625
55,044 4,160 133,091 192,295
130,597
2 *,353 156,950
70.871
30,257 101,128
28 719
28,719
307,373 27,084 168,723 5(3,180
167,685
1,577| 169,262
72,511 1,580 90,375 164,466
11,399
35.233
46,632

7 8 7 ,7 5 2

1 0 3 ,9 1 0
9 3 ,0 1 8

U PLAN D S.

4%
5 7 ,«
5 78
6 3ie
634

5,750 14,704 24,067
1,461 1,461
39,758 52,807

1 62 ,24 1

1 3 ,1 1 8
9 ,2 7 3

On this basis the prices for a few of the grades would be r *
follows:

G ood O r d in a r y ..............................
L ow M id d lin g ..................... ..........
M id d lin g...........................................
Stood M i d d l in g .............................
M id d lin g F a ir .................................

3,613

1 6 ,5 0 4

G o o d O r d i n a r y .. ............o. 1*8 o ff.
G o o d M id d lin g T i n g e d . ..
E ven
S tr ic t M id d lin g S t a in e d .. 732 oft*
M id d lin g S ta in e d ............... 7ie oft*
S tr ic t L o w M id. S ta in e d .. 2932 o ff.
L o w M id d lin g S t a i n e d ....
o ft.

on.
F a i r ....................................o. 1 H
M id d lin g F a i r ........................ 78 o n .
on.
S trict G o o d M id d lin g ........ ^
Stood M id d lin g ...................... &16 on.
S trict L o w M id d lin g .......... 816 off.
off.
L ow M id d lin g .
» off.
S trict G o o d O r d in a r y ....

Since S ep t. 1 6856 ,0 3 4 5 3 0 6 ,7 7 9 4 4 0 3 ,9 6 6 6 2 8 6 ,1 3 8 6 0 0 9 ,5 1 2 5 4 9 0 ,7 5 8
The exports for the week ending this evening reach a total
o f 182,196 bales, of which 89,830 were to Great Britain, 6,912
4 i France and 85,454 to the rest of the Continent. Below are
the exports for the week and since September 1, 1894.

G alveston....
Velasco, Ac....
New Orleans.
Mobile A Pen
Savannah....
Brunswick.. ».
Charleston*..
Wilmington..

3 0 6 ,6 5 8
7 8 ,0 3 3
5 7 .5 1 4
4 4 ,8 0 2
2 3 ,3 6 4
2 6 ,8 0 9
1 6 7 .6 7 8
8 4 ,8 9 4

Speculation in cotton for future delivery at this market has
shown a decided increase in volume. The improvement was
based principilly upon a growing impression that it is the in­
tention of planters to reduce the seeded area for next crop,
but additional stimulus was found in indications of slightly
better trade for goods both here and abroad. Saturday’s deal
was confined »n the main to covering one or two short ac­
counts, but with light offerings the demand served to raise the
line of value 6@7 points. Monday’s market opened firm, with
5 points further advance made, but the gain disappeared be­
fore the close in consequence of a report from New Orleans
that bales were running a fraction over eleven pounds in ex­
cess of last year. A slight gain marked the opening on Tues­
day, but trading was generally light and final rates were at 2
points net loss for the day. Wednesday bre ught a marked
change for thejbetter and a sharp upward turn of 12 points, and
although 4 points afterward disappeared the close was steady.
The improvement was stimulated by unexpected favorable
tenor of cable advices, including a statement that foreign
operators were commencing to fear reduced planting for next
crop. Yesterday pronounced strength continued, with fur­
ther gain of 9 points made over closing rates of Wednesday,
the advance being assisted by higher quotations from South­
ern markets, and evidence that the demand previously, main­
ly for covering “ short ” contracts, had become increased by
purchases for investment. To-day’s market has been active
and generally firm, but without further important additions
to value. Cotton on the spot .steady at 5 13-16c. for middling
uplands.
The total sales for forward delivery for the week are 706,100
bales. For immediate delivery the total sales foot up this week
bales, 3,757 including — for export, 1,357 for consumption,
— for speculation and 2,400 on contract. The following are
the official quotations for each day o f the past week—
March 2 to March 8.
Rates on and off middling, as established Nov. 22, 1893,
by the Revision Committee, at which grades other than
middling may be delivered on contract:

5 4 ,7 3 5

Exports
from—

6 0 ,0 4 9
2 5 ,1 3 2
5 .5 0 0
1 5 .8 5 0
6 .5 0 0
1 4 .0 0 0
1 6 .8 5 0
1 8 .0 0 0

The total sales of cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed on
same days.
SALES OF SPOT AND CONTRACT.
SPOT MARKET
CLOSED.
S at’d a y .
M on d a y
T u e sd a y
W ed’ d a y
T h u r’ d’ y
F r id a y ..
T o t a l.

Q u iet a t l i e a d v .
S t e a d y .................
D u ll.......................
S te a d y a t l i e ad.
S tea d y a t 8 U ad.
Q u ie t a t 1,6 d e e .

E x­
p o r t.

C on- Spec- C on ­
su m p . u t'V n tract.
.
2 ,0 0 0
4 00

Total.
....

—

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

2,0 3 1
400
1 50
561
6 15

—

2 ,4 0 0

3 ,7 5 7

....

si

....

....
___
....

1 50
561
8 15

....

....

1 ,3 5 7

S ales o f
F u tu res.
4 2 ,5 0 0
1 1 2 ,3 0 0
5 4 ,2 0 0
1 3 6 ,8 0 0
1 9 6 ,8 0 0
1 6 3 ,5 0 0
7 0 6 ,1 0 0

ÏHE SALES AU PRICES OF F utures are shown by the
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1195.
1894.
1893.
1892.
S to c k a t L iv e r p o o l ..........h a le s . 1 ,8 6 0 ,0 0 0 1 ,8 0 0 ,0 0 0 1 ,6 6 0 ,0 0 0 1 ,7 1 9 ,0 0 0
S to c k a t L o n d o n .............
7 ,0 0 0
7 ,0 0 0
5 ,0 0 0
8 ,0 0 0
T o t a l G r e a t B r ita in s to o k . 1 ,8 6 7 ,0 0 0 1 ,8 0 7 ,0 0 0 1 ,6 6 5 ,0 0 0 1 ,7 2 7 ,0 0 0
1 3 ,5 0 0
2 ,5 0 0
2 4 .0 0 0
3 0 ,0 0 0
S cook a t H a m b u r g
1 8 9 .0 0 0
1 3 9 .0 0 0
2 1 7 .0 0 0
S to c k a t B r e m e n ...... ..........
3 4 7 ,0 0 0
2 5 .0 0 0
1 6 ,0 0 0
1 6 .0 0 0
20,000
S to o k a t A m s te rd a m
400
200
200
200
S to o k a t R o t t e r d a m ..........
7 ,0 0 0
5 .0 0 0
20,000
11,000
S to c k a t A n t w e r p ..............
4 2 1 .0 0 0
3 2 4 .0 0 0
4 7 0 .0 0 0
5 2 9 ,0 0 0
S to c k a t H a v r e ...................
9 .0 0 0
10,000
7 ,0 0 0
5 ,0 0 0
S to c k a t M a r s e ille s ..........
9 8 .0 0 0
9 5 .0 0 0
7 1 .0 0 0
8 7 .0 0 0
S to ck at B a r c e l o n a ..........
1 6 .0 0 0
1 4 .0 0 0
3 0 .0 0 0
1 7 .0 0 0
S to c k a t G e n o a ...............
1 8 .0 0 0
11,000
1 4 .0 0 0
1 4 .0 0 0
S to o k a t T r i e s t e ................
...................
8 6 0 ,2 0 0
7 8 1 ,7 0 0
6 2 7 ,9 0 0
T o t a l C o n tin e n ta l s to c k s .. 1 ,0 7 3 ,2 0 0
2 ,9 4 0 ,2 0 0 2 ,6 6 7 ,2 0 0 2 ,4 4 6 ,7 0 0 2 ,3 5 4 ,9 0 0
T ota l E u rop ea n s t o c k s ..
In d ia c o t t o n a flo a t f o r E u r o p e .
7 5 ,0 0 0
1 6 0 ,0 0 0
8 0 ,0 0 0
1 0 6 ,0 0 0
A m e r .c o t t ’ n a flo a t f o r E u r o p e .
3 5 2 ,0 0 0 3 2 0 ,0 0 0
2 2 6 ,0 0 0
4 3 9 ,0 0 0
E g y p t , B ia z il,& o .,a fltfo r E ’r ’p e
3 4 ,0 0 0
5 2 ,0 0 0
4 0 ,0 0 0
4 3 ,0 0 0
S to c k in U n ite d S ta tes p o r t s . .
9 4 9 ,9 9 3
8 3 7 ,6 7 6
9 1 0 ,9 8 2 1,201,150''
S took in U . S. in t e r io r t o w n s ..
3 8 8 ,8 6 0 3 2 2 ,1 1 1
4 1 9 ,0 3 8
4 7 9 ,3 9 S
U n ite d S ta te s e x p o r t s t o - d a y .
1 4 ,8 5 6
1 6 ,0 0 4
2 5 ,2 8 6
1 3 ,1 9 8 *
T o t a l v is ib le s u p p l y .. . . . . . 4 ,7 5 4 ,9 0 9 4 ,3 7 4 ,9 9 1 4 ,1 4 8 ,0 0 6 4 ,6 3 6 ,6 4 1
O f th e a b o v e , t o ta ls o f A m e rica n a n d o t h e r d e s c r ip tio n s a r e a s lo llo w s r .
L i v e r p o o f 's t o o k ............... h a le s . 1 ,7 1 3 ,0 0 0 1 ,5 2 8 ,0 0 0 1 ,4 0 9 ,0 0 0 1 ,4 6 9 ,0 0 0
C o n tin e n ta l s t o c k s . . . . . . . . . . . .
9 9 5 ,0 0 0
7 4 6 ,0 0 0
6 7 8 ,0 0 0
5 2 0 ,0 0 0 '
A m e r ic a n a flo a t f o r E u r o p e .. .
3 5 2 ,0 0 0 3 2 0 ,0 0 0 2 2 6 ,0 0 0 4 3 9 ,0 0 0
U n ite d S ta te s s t o c k ...........
9 4 9 ,9 9 3
8 3 7 ,6 7 6
9 1 0 ,9 8 2 1 ,2 0 1 ,1 5 0
U n ite d S ta te s in t e r io r s t o c k s ..
3 8 8 ,8 6 0 3 2 2 ,1 1 1
4 1 9 ,0 3 8
4 7 9 ,3 9 3
U n ited S ta te s e x p o r t s t o - d a y .
1 4 ,8 5 6
1 6 ,0 0 4
2 5 ,2 8 6
1 3 ,I t 8 4 ,4 1 3 ,7 0 9 3 ,7 6 9 ,7 9 1 3 ,6 6 8 ,3 0 6 4 ,1 2 1,74 1 '
T o t a l A m e r ic a n ........ ..
E a st I n d ia n , B r a z il, Ac. —
L iv e r p o o l s t o c k . . . . . . . . . . . . . . . .
1 4 7 ,0 0 0
2 7 2 ,0 0 0
2 5 1 ,0 0 0
2 5 0 ,0 0 0
London s to c k . . . . . . . . . . . . . . . . . .
7 ,0 0 0
7 ,0 0 0
5 ,0 0 0
8,000C o n tin e n ta l s t o c k s . . . . . . . . . . . . .
7 8 ,2 0 0
1 1 4 ,2 0 0
1 0 3 ,7 0 0
1 0 7 ,9 0 0
In d ia a flo a t f o r E u r o p e . . . . . . . .
7 5 ,0 0 0 1 6 0 ,0 0 0
8 0 ,0 0 0
1 0 6 ,0 0 0
E g y p t , B ra z il, & o ., a flo a t ..........
3 4 ,0 0 0
5 2 ,0 0 0
4 0 ,0 0 0
4 3 ,0 0 0
T o t a l E a s t I n d ia , & o ............ 3 4 1 ,2 0 0
6 0 5 ,2 0 0
4 7 9 ,7 0 0
5 1 4 ,9 0 0
T o t a l A m e r ic a n ...................... 4 ,4 1 3 ,7 0 9 3 ,7 6 9 ,7 9 1 3 ,6 6 8 ,3 0 6 4 ,1 2 1 ,7 4 1
T o t a l v is ib le s u p p ly ............4 ,7 5 4 ,9 0 9 4 ,3 7 4 ,9 9 1 4 ,1 4 8 ,0 0 6 4 ,6 3 6 ,6 4 L
31 x d.
3 U i 6d .
43ifd.
M id d lin g U p la n d , L iv e r p o o l..
5iied6U>] aC.
7880.
Oise.
M id d lin g U p la n d , N ew Y o r k ..
513, eo.
415; ed.
5d,.
5igd.
511'fld.
E g y p t G o o d B row n , L iv e r p o o l
513, d.
778d .
6%d.
ö^d.
P e ru v . R o u g h G o o d , L iv e r p o o l
3910d .
47jgd.
53,6d.
3isd.
B ro a ch F in e , L i v e r p o o l ............
45X6d.
33i8d.
5isd.
3<>8(î..
T in n e v e lly G o o d , L i v e r p o o l . .

B3F* The imports into Continental ports the past week have
been 116,000 bales.
The above figures indicate an increase in the cotton in sight
t>night o f 379,918 bales as compared with the same date
of 1894, an increase of 606,903 bales o-ver the corresponding
date of 1893 and a gain of 118,268 bales over 1892=
a t t h e I n t e r i o r T o w n s the movement—that is the receiptsfor the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893-94.—is set out in detail below.

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439

THE CHRONICLE

March 9, 1895.J

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I n c lu d e s sales iu S ep tem b er, fo r S ep tem b er, 2 S . 100 ; S e p t e m b e r O o to b e r, f o r O c to b e r. 2 2 9 ,6 0 0 ; S e'p tem oer-N 'ovem ber, f o r N o v e m b e r ,
4 1 3 ,6 0 0 ; S eptem b er-D eoem b er, fo r D ecem b er. 1 .1 6 2 .0 J ; S e p te m b e rJ a n u a ry , fo r J a n u a ry , 3 ,I 7 5 , 3 j i ; S e p te m b e r-F e b ru a ry , f o r F e b r u a r y ,
9 0 1 .9 0 P .
j g p W e h a v e in c lu d e d in t b e a b o v e ta b le , a n d s h a ll co n tin u e e a c h
w e e k t o g iv e , th e a v e r a g e p r ic e o f fu tu r e s ea ch d a y f o r e a c h m o n th . I t
w ill h e fo u n d u n d e r e a c h d a y fo llo w in g th e a b b re v ia tio n “ A v e r .” T h e
a v e ra g e f o r e a c h m o n th fo r th e w e e k Is a lso g iv e n a t b o tt o m o f ta b le .

pgr* For exchanges see page 442.
h e V i s i b l e S u p p l y o f C o t t o n to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s return s
and consequently all the European figures are brought down
10 Thursday evening. But to make the totals the complete
figures for to-night (Meh. 8), we add the item of exports from
the United States, including in it the exports of Friday <nly (,
T




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L o u is v ille fig u r e s “ n e t ” in b o t h y e a rs ,
T h is y e a r ’ s figu re s e s tim a te d ,
L a s t y e a r ’ s fig u re s r e v ise d .

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The above totals show that the interior stocks have decreased
during the week 13,S68 bales and are now 66,749 bales more
than at same period last year. The receipts at all the towns
have been 50,579 bales more than same week last year and since
Sept. 1 are 1,632,038 bales more chan for same time in 1891-91*.

THE CHRONICLE.

440

[Voi. LX.

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 . — Advices to us by tele­
Q u o t a t io n s f o r M id d l in g u o t t o n a t O t h e r M a r k e t s .
Balow we give closing quotations of middling cotton at South­ graph this evening denote that rain has been general at the
ern and other principal cotton markets for each day o f the wee . South during’the week and that as a rule it has been of benefit,
as it has put the ground in better shape for plowing, Farm
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
W eek en d in g
work is backward in about all localities, but is now being
Frt.
W ednes.
T h u rs.
Tues.
M a rch 8.
M on .
S a tu r.
actively pushed in Texas.
53.0
514
53ie
5316
518
5 3ie
G a lv e s to n
Galveston, Jexas.—There has been rain on three days of the
514
514
518
ö le
518
518
N ew O rlea n s
53,e
5 I8
5 I 16
Sim
week, the rainfall being one inch and seventy-two hundredths.
ò li«
5118
M o b ile .........
53,6
5I8
518
5*ie
5
S av a n n a h ..
5*16
Average thermometer 51, highest 64 and lowest 38.
SH
5316
53ie
5 8ie
5*8
518
C h a rleston .
5
5
5
5
5
5
W ilm in g to n
Palestine, Texas.—W e have had rain on two days of the
53.0
53)a
514
518
518
N o r fo lk ........
5*16
week, to the extent o f one inch and four hundredths. The
578
5 U i8
55a
558
5®8
B oston . . . . .
5»16
5\
5*fl
5*a
thermometer has averaged 52, the highest being 76 and the
5*a
51«
5*u
B a lt im o r e ..
61«
5 i 5ie
515,6
5 78
5 78
5 7«
P h ila d e lp h ia
lowest 27.
538
5®16
5316
514
514
5 j4 ® 516
A u g u s t a ...
Huntsville, Texas.—There has been no rain during the past
5310
Öls
5*16
5*16
M e m p h is ...
5*16
5*16
week. The thermometer has averaged 47, ranging from 20
SH
5318
516
518
5*8
518
B t. L o u i s . . .
53i0
53xe
5*4
5316
518
H o u s t o n ...
5*ie
to 74.
55,0
5518
5716
5*16
C in c in n a t i.
55ie
Dallas, Texas.—Farm work was retarded over the south­
538
5 14
514
SM
L o u is v ille ..
514
eastern portions of the State during the early part of the
The closing quotations to-day (Friday) at other important week on account of the ground being rather wet for plowing,
Southern markets were as follows.
but when conditions were favorable planters were busy
5
4*3j0 N e w h e r r y ........ .
putting in spring vegetables and other crops, f he good rains
514 L it tle R o c k . . . .
A t l a n t a ..............
5*8
R a l e i g h ............ .
M o n t g o m e r y ...
5*16
5
C olu m b u s, G a .
at the close of last week and the opeping of this week put
5*4
S e l m a ... .......... .
5
N a s h v ille ..........
C o lu m b u s , M iss
the ground in exceptionally fine condition for plowing gen­
4*3^
S h r e v e p o r t .... .
5*16
® u fa u la .........
5*4 N a t c h e z ......... ..
erally throughout the State, and as a rule farm work is now
R e c e i p t s f r o m t h e P l a n t a t i o n s .— The following tab e
W have had rain on one day of the past
indicates the actual movement each week from the plantations. being rushed. of etwenty-five hundredths of an inch. week,
to the extent
The
The figures do not include overland receipts nor Southern thermometer has ranged from 25 to 81, averaging 53.
consumption; they are simply a statement of the weekly
'San Antonio, Texas.—There has been rain on one day of
movement from the plantations of that part of the crop which the week, the rainfall being seventy hundredths of an inch.
finally reaches the market through the outports. __________ Average thermometer 51, highest 70 and lowest 32.
Luling, Texas.—Rain has fallen on one day of the week, to
Receipts at the Ports. St'k at Interior Towns. Rec’pts from Plant’ns
Week
the extent of fifty-six hundredths of an inch. The thermom­
Ending—
1893.
1894.
1895.
1893.
1894.
1895
1893.
1894.
1895.
eter has averaged 52, the highest being 74 and the lowest 29.
Columbia, Texas.—It has rained on two days of the week,
F eb. 1....... 86,863 116.748 199,835 449,734 406,910 489,801 91,677 103,541 182,156
. “
8 ....... 81,163 100,560 155,098 448,157 890,917 466,453 79,586 84,537 131,750 the precipitation reaching one inch and one hundredth. The
57,473 103,825
“
15 . . . . 68,920 71,627 132.989 411,594 378,763 442,289 62,357
thermometer has averaged 52, ranging from 35 to 70. _
“ 2 2 .... 65,496 82 891 91.807 438,894 363.821 422,762 62,796 69,949j 72,280
Cuero, Texas.—W e have had rain on two days during the
433,078 347,040 402,728 59,225 61,077 117,906
M ch. 1 ...... 65,041 67,858 137,910
week, the precipitation reaching eighty-five hundredths of an
55,575 70,051^119.835 419,038 322,111 388,860 41,535 45,122 105,967
«
8 ..
inch. The thermometer has ranged from 35 to 77, averaging
The above statement shows: 1.—That the total receipts from 56.
the plantations since Sept. 1, 1894, are 7,187,559 bales; if
Brenham, Texas.—It has rained on two days of the week,
1893-94 were 5,552,724 bales; in 1892-93 were 4,694,370 bales.
the rainfall reaching one inch and one hundredth. Average
2.—That although the receipts at the outports the past week thermometer 53, highest 74 and lowest 32.
were 119,335 bales, the actual movement from plantations wa>
Belton, Texas.—There has been rain on one day of the week,
only 105,967 bales, the balance being taken from the stocks ai the precipitation being seventy-eight hundredths of an inch.
the interior towns. Last year the receipts from the plantations The thermometer has averaged 53, the highest being 76 and
for the week were 45,122 bales and for 1893 they wots the lowest 30.
Fort Worth, Jexas.—It has rained on one day of the week,
41,535 bales.
the rainfall reaching twenty-five hundredths of an inch. The
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s i n c e S e p t . 1 .—
We give below a statement showing the overland movement thermometer has averaged 53, ranging from 25 to 81.
Weatherford, Texas.—There has been rain on one day of the
for the week and since September 1. As the returns reach us
by telegraph late Friday night it is impossible to enter so past week, the rainfall reaching twenty hundredths of an
largely into detail as in our regular monthly report, but all inch. The thermometer has ranged from 26 to 80, averag­
7,
,
i ,
the principal matters of interest are given. This weekly ing 53.
New Orleans, Louisiana.—W e have had rain on two days
publication is of course supplementary to the more extended
monthly statements. The results for the week ending Mch. 8 during the week, to the extent of one inch and fifty-nine
hundredths. Average thermometer 57.
_
_
,
and since Sept. 1 in the last two years are as follows:_______
Shreveport, Louisiana.—There has been rain on three days
1 89 3 -9 4
1 8 9 4 -9 5 .
durino- the week to the extent of sixty-three hundredths of an
inch. ° The thermometer has averaged 5 2 , the highest being
M a rch 8.
S ine.
S in ce
W eek. Sept, f
W eek.
72 and the lowest 81.
Columbus, Mississippi.—Farm operations are very back­
S h ip p ed —
ward. It has rained on two days of the week, the precipita­
5 1 2 ,3 6 6
8 ,9 4 0
1 9 ,4 4 4
7 5 4 ,1 0 7
2 0 1 ,8 2 0
tion reaching two inches and seventy-two hundredths. The
6 ,2 6 7
2 8 5 ,9 6 3
8 ,8 5 5
1 3 ,4 5 9 thermometer has averaged 55, ranging from 32 to 78.
545
6 ,8 3 6
290
2 ,9 5 4
55
Leland, Mississippi.—We have had rain on three days dur­
8 0 ,1 4 7
2 ,4 7 5
1 4 6 ,7 5 3
2 ,5 0 9
8 8 ,8 4 8 ing the week, to the extent of one inch and fifty-seven hun­
9 33
9 ,4 8 2
1 3 7 ,1 1 7
1 0 6 ,1 6 7 dredths. The thermometer has ranged from 28 to 68, averag­
2 ,4 7 9
1 1 4 .7 7 6
2 ,7 9 8
.
,
4 3 ,1 4 3 1 ,4 4 2 ,2 2 0 2 1 ,3 8 4 1 ,0 0 9 .6 4 3 ing 48’9.
T o t a l g r o s s o v e r la n d ............. .
Little Bock, Arkansas.—There have been two rainy days
D ed u ct sh ipm en ts—
2 4 3 ,7 3 0 during th© week, the pr©oipit3-tion. r6a.chi.iig two inches ftfld,
7 ,3 5 2
3 7 8 ,9 3 0
1 6 ,6 5 8
O v e rla n d t o N . Y ., B o s t o n , & o.
2 1 ,0 1 4 twenty-one hundredths. The thermometer has averaged 44,
162
2 3 ,4 4 2
1 ,5 3 9
B e tw e e n I n t e r io r t o w n s . . . . . . .
7 5 ,5 8 3
2 ,3 9 8
5 4 ,4 3 4
1 ,5 1 6
I n la n d , & o .,f r o m S o u th . . . . . . .
the highest being 69 and the lowest 25.
Helena, Arkansas—W e have had rain on two days of the
3 4 0 ,3 2 7
9 ,9 1 2
4 5 6 ,8 0 6
1 9 ,7 1 3
T o t a l t o b e d e d u o t e d ...............
week, the rainfall reaching one inch and sixty-eight hun­
6 6 9 ,3 1 6 dredths ; clear this morning. The thermometer has ranged
9 8 5 ,4 1 4 1 1 ,4 7 2
L e a v in g___________________________2 3 ,4 3 0
t o t a l n e t o v e r la n d * ..
• I n c lu d in g m o v e m e n t b y r a i l t o C a n a d a .
1 R ev ise d .
from 28 to to 66, averaging 44.
The foregoing shows that the week’s net overland movement
Memphis, Tennessee.—There has been rain on two days dur­
this year has been 23,430 bales, against 11,472 bales for the ing the week, the precipitation being one inch and fifty-nine
week in 1894, and that for the season to date the aggregate net hundredths. Weather now clear. The thermometer has
averaged 44‘6, ranging from 28‘1 to 62 9.
Nashville, Tennessee.—It has rained on three days of the
1 8 9 3 -9 4
1 89 4 -9 5.
week, to the extent of one inch and forty-two hundredths.
i n S ig h t a n d S p in n e r s '
S in ce
S ince
Average thermometer 42, highest 61 and lowest 24.
T a k in g s.
W eek . Sept. 1
W eek.
S ep t. 1.
Mobile, Alabama.—There has been rain on four days of the
week, the precipitation reaching one inch and ninety-one
R e c e ip ts a t p o r t s to M ch . 8 ........ . 1 1 9 ,8 3 5 6 ,8 5 6 ,0 3 4 7 0 ,0 5 1 5 ,3 0 6 ,7 7 9
9 8 5 ,4 1 4 1 1 ,4 72
6 6 9 ,3 1 6 hundredths. The thermometer has averaged 53, the highest
2 3 ,4 3 0
N e t o v e ila n d to M ch . 8 ..................
4 7 0 ,0 0 0 1 5 ,0 0 0
4 4 6 ,0 0 0 being 68 and the lowest 33.
S o u th e rn c o n s u m p t io n t o M ch. 8. 1 6 ,0 0 0
Montgomery, Alabama.—W e have had rain on three days of
1 5 9 ,2 6 5 8 ,3 1 1 ,4 4 8 9 6 ,5 2 3 6 ,4 2 2 ,0 9 5
T o t a l m a r k e t e d ...........
3 3 1 ,5 2 5 * 2 4 ,9 2 9
2 4 5 ,9 4 5 the week, the precipitation reaching three inches and forty* 1 3 ,8 6 8
■Interior s t o c k s i n e x c e s s .
four hundredths. The thermometer has averaged 51, ranging
7 1 ,5 9 4
1 4 5 ,3 9 7
8 ,6 4 2 ,9 7 3
6,668",040 from 41 to 61.
T o t a l i n s ig h t M ch . 8 — .........
Selma, Alabama.—W e have had rain on three days during
N orth ’ n s p in n e rs ta k ’ gs t o M ch . 8, 3 9 ,7 4 6 1,720,2271 2 I . O I I '1 -1 6 9 ,1 1 9 the week, the precipitation reaching two inches and twentyeight hundredths. The thermometer has ranged from 26 to
' D e c r e a s e d u rin g w eek
It w ill be seen by the above that there has come into sight 69, averaging 47.
Madison, Florida.—Telegram not received.
. .
during the week 145,397 bales, against 71,594 bales for the
Columbus, Georgia.—It has rained on two days during the
same week of 1894, and that the increase in amount in sight
week, with rainfall to the extent of two inches and forty-two
to-night as compared with last year is 1,974,933 baler.




a*

M

arch

THE CHRONICLE

9, 1895.]

hundredths. The thermometer has averaged 49, the highest
being 65 and the lowest 33.
Savanna?i, Georgia.—We have had rain on three days of
the week, the precipitation reaching eighty-one hundredths
of an inch. The thermometer has averaged 57, ranging from
40 to 77.
~ ^
Augusta, Georgia.—Rain has fallen on five days of the
week to the extent of one inch and forty-five hundredths.
The thermometer has ranged from 32 to 70, averaging 52.
Albany, Georgia.—Farmers are badly behind with their
work. Rain has fallen on one day of the week to the extent
o f one inch. Average thermometer 53, highest 70 and low ­
est 32.
Charleston, South Carolina.—There has been rain on four
days during the week, the rainfall reaching one inch and nine
hundredths. The thermometer has averaged 56, the highest
being 71 and the lowest 42.
Stateburg, South Carolina.—W e have had rain on four days
of the week, to the extent of sixty hundredths of an inch.
The thermometer has averaged 53*4, ranging from 38 to 75.
Wilson, North Carolina.—It has rained on two days of the
week, the rainfall being one inch and twenty hundredths.
The thermometer has ranged from 28 to 76, averaging 51.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o’clock March 7, 1895, and March 8, 1894.
M ch. 7 , ’ 95.
N e w O r l e a n s .. .
M e m p h is ............
N a s h v ille .............
S h r e v e p o r t ........ ........... B e lo w z e ro o f g a u g e .
V ic k s b u r g ..........

F eet.
13*2
16*8
16 6
17 6
3 4-9

I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s . —The receipts
and shipments of cotton at Bombay have been as follows ior
the week and year, bringing the figures down to March 7.

BOMBAT RECEIPTS AND SHIPMENTS FOB FOUR YEARS.
S h ip m en t» th is w eek .

S h ip m en ts s in c e Sept. 1.

G r ea t
Wear G rea t C o n ti­
B r it’ n . n e n t. T ota l. B r ita in
»94-5
»93-4
92-3
»91-2

2 6 ,0 0 0 2 6 ,0 0 0
8 ,0 0 0 2 1 ,0 0 0 2 9 .0 0 0
9 ,0 0 0 9 ,0 0 0
3 3 ,0 0 0 3 3 .0 0 0

R eceipts,

C o n ti­
n e n t.

T o ta l.

T h is
W eek.

1 0 7 .0 0 0
2 8 0 .0 0 0
2 5 9 .0 0 0
1 9 1 .0 0 0

2 ,0 0 0
2 8 ,0 0 0
1 0 ,0 0 0
1 5 ,0 0 0

M a n c h e s t e r M a r s e t . — Oar reoort received by cable to
Qight from Manchester states that the market is' steady for
yarns and firm for sheetings. The demand for India is
improving. W e give the prices for tC'day below and leave
those for previous weeks o f this and last year for comparison:
1895.
3 2 « C op .
Tw ist.

Fab. 1
“
8
“ 15
“ 22
M o h .l
6“
8

d.
a.
478 ®5®8
4 t8 ® 5°8
4 18
4 78 ItÖSs
4 l3 i a 9 5 i£
4 78 ® 5 1
2

1894.
Oott'n
M id .
Uplds

8 H lbs.
S h irtin g s.
s. u.
s.
3 11 ® 6
3 11 ® 5
3 1 0 h i® 6
3 10*2 » 6
3 10 » 5
3 1 0 ifl» 6

a.
0
11
0
0
11
0

d2 3 l32
3
3
Biss
3
3 l is

3 2 « C op.
Tw ist.
a.
69ie
6*e
67 i«
638
638
6 L3

lbs.
S h irtin g s.

0.
3,
® 7 is 5
® 7*8 5
®71 5
e
® 7 l8 5
© 7^ 5
®71 5
4

t.
s.
6 »7
6 ®7
4 < fl»7
3^**7
3 V »7
3 »7

,1
6
4
3
3
2

Oott’n
M id .
Upld
d.

414
4^4
444
4316

S e a I s l a n d C o t t o n M o v e m e n t . — We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (March 8) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893-94, are as follows.
1 8 9 4 -9 5 .
R eceip ts to M a rch 8.

1 8 9 3 -9 4 .

Stock.

This
S ince
This
S ince
w eek . Sept. 1. w eek . Sept. 1. 1 8 9 5 .

■

1894.

M ch. 8, ’ 9 4 .

F eet.
2-8
9*5
2 1-2
3*0
5 -7

4il

1 0 9 .0 0 0
3 0 8 .0 0 0
2 6 9 .0 0 0
2 0 6 .0 0 0

3 2 .0 0 0
7 0 .0 0 0
4 0 .0 0 0
5 6 .0 0 0

S ince
Sept. 1,
4 7 0 .0 0 0
818.00C
6 3 0 .0 0 0
5 6 5 .0 0 0

Savannah. . . . . . . . . . . . . . . .
C h a rle sto n ...........................
F lorid a , & c ..........................

3 14
8

T o t a l................................

3 22

6 3 ,1 8 6
5,1 1 1
5 ,1 3 9

242
“ 5*4

5 3 ,3 7 8
1 ,9 1 9
3 ,4 1 1

4 ,2 1 3
2 93
9 52

7 3 ,4 3 6

2 96

5 8 ,7 0 8

5 ,4 5 8 1 0 ,2 3 6

7 ,4 7 7
713
2 ,0 4 6

The exports for the week ending this evening reach a total
of 1,443 bales, of which 1,260 bales were to Great Britain, 5
to France and 178 to Reval, and the amount forwarded to
Northern mills has been 75 bales. Below are the exports
for the week and since September 1 in 1894-95 and 1893-94.
E x p o rts
fr o m —
S a v a n n a h ...
C harl’ t ’n ,& c
F lorid a , & c.
N ew Y o r k ..
B oston . . . . .
B a lt im o r e ..

W eek E n d in g M ch. 8. S ince Sept. 1, 1 8 9 4 .

N orth’n M ills;

G reat F r ’n ce
G reat F r ’n ce
Total. B r it’n.
Total.
B rit’n.
die.
die.

S ince
W eek. Sept A .

_
......

..........
1 83

i',2 6 0

18,085
2 ,9 1 3
7 65
1 83 3 ,9 0 6
1 ,2 6 0 6 ,1 8 9
.........

2,1 0 8 20,1 93
53 2 ,9 6 6
7 65
2 ,6 6 3 6 ,5 6 9
6 ,1 8 9
..........

75 2 7 ,1 3 8
1 ,2 8 5
4 ,1 7 2
..........

...... ..........
According to the foregoing Bombay appears to show
..........
a decrease compared with last year in the week’s receipts of
T o t a l ......... 1 ,2 6 0
183 1 ,4 4 3 3 1 ,8 5 8 4 ,8 2 4 3 6 ,6 8 2
7 5 3 2 ,5 9 5
38,000 bales and a decrease in shipments of 3,000 bales, and
100
1 00 2 8 ,6 91 3 ,5 6 4 3 2,2 55
3 8 5 1 7 ,9 7 9
the shipments since Sept. 1 show a decrease of 199,000 bales. T o t a l 1 8 9 3 -4
The movement at Calcutta, Madras, and other India ports for
A considerable portion of the Sea Island cotton shipped to
the last reported week and since the 1st o f September, for two foreign ports goes via New York, and some small amounts via
yeais, has been as follows. “ Other ports” cover Ceylon, Boston and Baltimore. Instead of including this cotton for
Tutieorin. Kurrachee and Ooconada.
the week in which it leaves the Southern outports, we follow
S h ip m en ts f o r th e w eek .
the same plan as in our regular table of including it when
Shipm ents sin c e S ep t. 1
actually exported from New York, &c. The details of the
G reat
C on ti­
G reat
shipments o f Sea Island cotton for the week will be found
Total.
T otal.
B rita in .
n e n t.
B r ita in . C on tin en t.
under the head “ Shipping News,” on a subsequent page.
G a io a tta —
Quotations March 8 at Savannah, for Floridas, common,
1 8 9 4 -9 5 ...
......
5 .0 0 0
9 ,0 0 0
1 4 .0 0 0 8c.; medium fine, ll% c .; choice, 15^c.
4 ,0 0 0
1 8 9 3 - 9 4 . ..
4",000
1 3 .0 0 0
6 .0 0 0
1 9 .0 0 0
Charleston, Carolinas, medium fine, 22c. to 24c.: fine, 28c.;
M a d ra s —
1 8 9 4 - 9 5 . ..
1 3 .0 0 0
1 0 .0 0 0
2 3 .0 0 0 extra fine, 30c. to 35c.
..........
1 ,0 0 0
1 8 9 3 - 9 4 ...
1 ,0 0 0
2 3 .0 0 0
1 6 ,0 0 0
3 9 .0 0 0
J u t e B u t t s , B a g g i n g , & c.—The market for jute bagging
A ll o t h e r s —
18949 5 ...
1 4 .0 0 0
2 7 .0 0 0
41.0 00 has been very quiet during the week under review, but the
18939 4 ...........
..
2 2 .0 0 0
3 0 .0 0 0
5 2 .0 0 0 tone is fairly firm at 4 ^ c . for 1% lbs., 4%c. for 2 lb3. and 4%c.
for standard grades in a joooing way. Car-load lots of
T o t a l a ll—
4c. for 1% lbs., 4%c. for 2
18949 4 ...
3 2 .0 0 0
4 6 .0 0 0
7 8 ,0 0 0 standard brands are quoted at 41
..........
1 8 9 8 -9 5 ...
5 ,0 0 0
5 1 .0 0 0
5 ,0 0 0
5 9 .0 0 0
1 1 0 ,0 0 0 lbs. and 5c. for 2J^ lbs. f. o. b. at New York. Jute bucts have
The above totals for the week show that the movement from been featurless at i l-16c. for piper quality on the spot. Im­
the ports other than Bombay is 5,000 bales less than the same ports of jute butts and rejections into the United States since
week last year. For the whole of India, therefore, the total January have been 44,076 bales, against 44,688 in 1894 and
shipments since September 1,1894, and for the corresponding 56,674 bales in 1893. The deliveries to consumers during the
same period reached 42,076 bales this year, against 46,368 bales
periods of the two previous years, are as follows:
last year and 67,924 bales two years ago, and the stock
EXPORTS TO EUROPE FROM ALL INDIA.
March 1 was 2,000 bales against 6,000 bales in 1894 and 35,000
bales in 1893.
1 8 9 3 -9 4 .
1 89 4 -9 5.
189 2 -9 3
S h ip m en ts
to a l l E u r o p e
fr o m —

T h is
w eek .

S in c e
Sept. 1 .

B o m b a y ............
A ll o t h e r p o rts.

2 6 ,0 0 0

1 0 9 ,0 0 0
7 8 ,0 0 0

T o t a l ...........

2 6 ,0 0 0

1 8 7 ,0 0 0

T h is
w eek .

S in c e
S ep t. 1.

T h is
w eek .

S ince
Sept. 1.

2 9 ,0 0 0
5 ,0 0 0

3 0 8 .0 0 0
1 1 0 .0 0 0

9 .0 0 0
1 .0 0 0

2 6 9 ,0 0 0
8 8 ,0 0 0

3 4 ,0 0 0

4 1 8 ,0 0 0

1 0 ,0 0 0

3 5 7 ,0 0 0

arrange­
ments we have made with Messrs. Davies, Benachi & Co. of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the Drevious tw o vears.
A

l e x a n d r ia

R

e c e ip t s

A le x a n d ria , E g y p t,
M a rch 6
R e c e ip ts (oa n ta r s* ). . . .
T h is w e e k . . . .
S in c e S e p t. 1 .

and

S h i p m e n t s . —Through

1 89 4 -9 5.

1 8 9 3 -9 4

1 89 2 -9 3.

8 0 ,0 0 0
4 ,2 5 0 ,0 0 0

8 0 ,0 0 0
4 ,2 6 1 ,0 0 0

5 0 ,0 0 0
4 ,9 6 0 ,0 0 0

T h is
S in ce
w e ek . S ept. 1.

T h is
S in c e
w eek . S ep t. 1.

T h is
S ince
w e ek . Sept. 1.

E x p o rts ( b a le s )—
8 ,0 0 0 2 1 9 .0 0 0 1 2 ,0 0 0 2 5 1 .0 0 0
T o L i v e r p o o l ........ .
6 ,0 0 0 1 7 8 .0 0 0
T o C o n t in e n t .............. 1 3 ,0 0 0 2 4 4 .0 0 0

1 0 .0 0 0 2 7 8 .0 0 0
1 0 ,0 0 0 1 9 7 .0 0 0

T o t a l E u r o p e .......... 2 1 ,0 0 0 4 6 3 ,0 0 0 1 8 ,0 0 0 4 2 9 ,0 0 0
* A c a n t a r is 9 8 p o u n d s .




E u r o p e a n C o t t o n C o n s u m p t i o n t o F e b . 25.—W e have
received to-day by cable, Mr. Ellison’s cotton figures brought
down to February 25. The revised totals for last year have
also been received and we give them for comparison. Spin­
ners’ takings in actual bales and pounds have been as follows:

2 0 ,0 0 0 4 7 5 ,0 0 0

Oct. 1 to Feb. 25.

Great B rita in .

C on tin en t.

Total.

F o r 1 8 9 4 -9 5 .
Takings b y s p in n e r s ...h a le s
A v e ra g e w e ig h t o f b a le s.lb s
T a k in gs in p o u n d s .___ ______

1 ,4 5 5 ,0 0 0
507
7 3 7 ,6 8 5 ,0 0 0

1 ,9 7 9 ,0 0 0
3 ,4 3 4 ,0 0 0
498*9
493
9 7 5 ,6 4 7 ,0 0 0 1 ,7 1 3 ,3 3 2 ,0 0 0

F o r 1 8 9 3 -9 4 .
T akings b y s p in n e r s ., .b a le s
A v e ra g e w e ig h t o f bales, lbs.
T a k in gs In p o u n d s ...................

1 ,4 8 6 ,0 0 0
4 82
7 1 6 ,2 5 2 ,0 0 0

3 ,3 0 3 ,0 0 0
1 ,8 1 7 ,0 0 0
477*2
473
8 5 9 .7 5 7 .0 0 0 1 ,5 7 6 ,0 0 9 ,0 0 0

According to the above, the average weignc of the deliveries
in Great Britain is 507 pounds per bale this season, against
482 pounds during the same time last season. The Continental
deliveries average 493 pounds against 473 pounds last year,
and for the whole of Europe the deliveries average 498*9
pounds per bale against 477*2 pounds last season. Our

442

THE CHRONICLE.

dispatch also gives the full movement for this year and las t
year in bales of 400 pounds.
1 8 9 3 -9 4 .

1 8 9 4 -9 5 .
G reat
B rita in .

C on ti­
n en t.

Total.

G reat
B rita in .

C onti­
n en t.

S p in n ers’ s to c k O c t 1.
T a k in g s in O c t o b e r ...

50,
3 81 ,

3 48 ,
2 89 ,

398,
6 70 ,

68,
316,

2 58 ,
285,

326,
601 ,

T o t a l s u p p ly ..........
C on su m p. O c t., 4 w ks.

431,
328,

637,
388,

1 ,0 6 8,
716,

384,
320,

543.
360,

927
680

S pin n ers s to c k N o v . 1
T a k in gs in N o v e m b e r.

103,
364,

249,
577,

352,
941,

64,
326,

183,
388,

2 47 ,
714

T o t a l s u p p ly ..........
C onsum p. N o v ., 4 w k s.

467,
328,

826,
388,

1 ,2 9 3 ,
716,

390,
320,

571,
360,

9 61
670

S p in n ers’ s to c k D e c . 1
T a k in g s in D e c e m b e r.

139 ,
384,

438,
634,

5 77 ,
1 ,0 1 8,

70,
403,

211,
545,

281,
948.

T o t a l s u p p ly ..........
C on su m p. D e c ., 5 w k s.

523,
410,

1 ,0 7 2 ,
485 ,

1 ,5 9 5,
895,

473,
400,

756,
450,

1 ,2 2 9 ,
850

S p in n ers’ s to c k J a n . 1
T a k in g s in J a n u a r y ..

1 13 ,
364,

587,
496,

7 00 ,
8 60 ,

73,
394,

3 06 ,
488,

379,
882.

T o t a l s u p p ly ..........
C on su m p. J a n ., 4 w ks.

477,
328,

1 ,0 8 3,
398,

1 ,5 6 0 ,
716,

467,
320,

794,
359,

1,2 6 1.
679

S p in n ers’ s to c k F eb . 1
T a k in g s in F e b ru a ry .

149 ,
351,

695,
443,

S 44,
794,

147,
351,

435,
443,

582,
794,

T o ta l s u p p ly ..........
C on su m p. F e b ., 4 w k s.

500,
323,

1,1 3 8,
388,

1 ,6 3 8 ,
716,

498,
305,

878,
372,

1 ,3 7 6 ,
677,

S p in n ers’ s to c k F b . 25

172 ,

750,

922.

506.

1 93 .

Total.

699

S pin ners’ s to c k O et. 1.
T a k in gs to F e b . 2 5 ...

1 8 9 3 -9 4 .

1 8 9 4 -9 5 .
G reat
B rita in

C on ti­
n en t.

Total.

Great
B rita in

C onti­
n en t.

T ota l

50,
1 ,8 4 4 .

348,
2 ,4 3 9 .

3 98 ,
4 ,2 8 3 .

68.
1,7 9 0.

258
2 ,1 4 9 ,

326
3 ,9 3 9

2 ,4 0 7
1 .9 0 1.

4,2 6 b
3 .5 6 6

S u p p ly .............................
O on su m p t’n 2 1 w eeks.

1 ,8 9 4 ,
1 ,722,

2 ,7 8 7 ,
2 ,0 3 7 ,

4 ,6 8 1 ,
3 ,7 5 9

1,858
1 .6 6 5

S pin n ers’ s to c k F b . 25

172,

750,

9 22 .

1 93

506

699

1 79 .0
1 7 9 .0
1 7 9 .0
1 7 9 .0
1 7 9 .0

8 0 .0
8 0 ,0
8 0 ,0
8 0 ,0
8 0 ,o

9 0 .0
9 0 .0
9 0 .0
9 0 ,0
9 3 .0

1 7 0 ,b
170.
1 7 0 ,0
1 7 0 ,0
1 7 3 .0

W eekly C on su m p tion ,
0 0 8 om itted.
I n N o v e m b e r ........... .

In F eb ru a ry . . . . . . . .

8 2 ,0
8 2 ,0
8 2 ,0
8 2 ,0
8 2.0

9 7 .0
9 7 .0
9 7 .0
9 7 .0
9 7 .0

Our cable states that Mr. Ellison has revised his figures of
consumption on the Continent by adding 2,000 bales per week
since the beginning of the season.
The foregoing shows that the weekly consumption is now
179.000 bales of 400 pounds each, against 173,000 bales o f like
weights at the corresponding time last year. The total
spinners’ stocks in Greit Britain and on the Continent have
increased 74,000 bales during the month, and are m w
223.000 bales greater than at the same date last year.
—The following exchanges have been made
during the w eek:
E

xch an ges.

0 9 pii. to e x c h . 2 0 0 M ay fo r A u g.
*08 p d . to e x o h . 7 0 0 M ty fo r A u g .
*09 pd. to e x o h . 6 0 0 A u g . fo r O ot.
'1 2 p d . t o e x o ti. 2 0 0 M a y f o r S ept.
'2L p d . to exeU . 5 0 0 Mott, fo r O ot.
*17 p d . t o exoti. 5 0 0 M ay f o r O ot.
* 0 6 p d .t o e x o u . 2 ,7 >0 Moh. tor J ’ ue.
•09 p d . to ex o h . 1 ,0 0 0 Moh. fo r J u ly.
'2 5 pd. to e x o h . 8 0 0 M oh. fo r N ov.
•16 p d . to e x o h . 100 J u n e fo r O ct.
'1 3 p d . t o e x o h . 4 0 0 A p r. f o r A u g.

Dividends 1895. Dividends 1894.

First Qu arter
1895 and 1894.

Capital.

American. Linen Co..........
Barnaby Manuf’g Co........
Barnard Manuf’g Co........
Border City Manuf’g Co..
Chace Mills.......................

The comparison with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two ye irs.
Oct. 1 to F eb. 2 5 .
Bales o f 4 0 0 lbs. each ,
0 0 0 8 om itted .

F a l l R i v e r M i l l D i v i d e n d s . —Twenty-nine of the cotton­
manufacturing corporations in Fall River have declared divi­
dends during the first quarter of the year, but the aggregate of
the dividends exceeds but slightly the total for the correspond­
ing period a year ago. Five corporations—the Barnaby Manu­
facturing Company, Conanicut Mills, Metacomet Manufac­
turing Company, Robeson Mills and Slade Mills—have passed
their dividends this quarter. The aggregate of the amount
paid out has been $312,425, or an average of 1'50 per cent on'
the capital. In 1894 the average dividend was 1*498 per centr
in 1893 was 2‘24 per cent, in 1892 was 1'55 per cent, in 1891
was 1’30 per cent and in 1890 reached 2*11 per cent. It will
be noticed that nineteen mills have maintained the ratio of
last year and five have increased their rate of distribution.

•18 pd. t o e x o h . 5 0 0 M ay f o r Oot.
•05 pd. to e x o h . 5 0 0 Mott, f o r M ay.
•01 p d . t o e x o h . 5 0 0 M oh. f o r M ay.
•19 pd. to e x o h . 4 »0 M ay f o r O ot. .
•14 p a to oxott. 4 0 0 ,Moh. fo r A u g.
•10 pd. to e x o h . 5 ,4 0 0 M iy fo r A u g .
•09 pd. t o ex oti. 1 ,8 0 0 M ay fo r Aug.
•03 pd. to e x o h . 1 0 0 J a n e fo r J u ly .
•09 pd. to e x o h . 5 >0 A u g. f o r O c s.
18 pd. to e x o h . 8 0 0 Moh. fo r O o t.
•01 p d . to e x o h . 1 ,7 0 0 M a y f o r J ’ u e

Cornell Mills....................
Davol Mills......................
Flint Mills.........................
Globe Yarn Mills............
Granite Mills....................
Hargraves Mills..............
Kerr Thread Co................
King Philip Mills.............
Laurel Latte Mills.............
Mechanics’ Mills......... ...
Merchants’ Manuf’g Co...
Metacomet Manuf’g Co...
Narragansett Mills..........
Pocasset Manuf’g Co.......
Richard Borden Mfg. Co..
Sagamore Manuf’g Co ....
Sanford Spinning C o ........
Seaconnet Mills...............
Shove Mills.......................
Stafford Mills....................
Tecumseh Mills................
Trov Cot. & W. Mfg. Co...
Union Cotton Man’f ’g Co
Wampanoag Mills............
W eetamoe Mills................
Totals .........................

Increase
or
P. O. Amount. P. C. Amount. Decrease

$800,000 l k
400,000
330,000 l k
1,000.00 > DU
400.000 3
500.000 1 «
120.000
40»».O 0 i k
'
400,000
1*
580.000 2
1,200.000 1
1,000.000 lk,
800.000 l k
1.000.000 *2k
1,000,000 i k
4.00.0' to ik
750.000 l
800,000 i k
288.000
400.000 2
600.00 ì
800.000 ik
260,000
900,000 ik
500,00 ) ik
400,000
ik
550.000 i k
550.000
800,000 2
500,000 i k
300,000 4
750.000 2
750,000 ik
550, >00 ik
$20,773,000 1-50

$12,000

6,00'»
6,000
11,600
12,00»)
15,000
12,000
25,000
15,000
6,0u0
7,500
12,0-iü

$ 12.000

«4
lk

"4,950
15.0 >
0
12,000
7,500

6,000

-5,000

4,950

3

7.500
1,800

ik
ik
ik

I*
m
ik
lk

ïk
lk

- 6,000

20,000
12,001

£

-1,800

11,600
18,000

—6,000

6,000
6,000

12,000
12,000

"ib'.röo

1
1«

6,000

7.500

12,000
12,000

13,500
7,500
6,000
8,250

6,000
6,000
11,000

16,000
7,500
12,0 »0
15,000
11,250
6,375
312,125

+3,000

+25,000

12,000

8,0' >
0
9,o00
12,000

6,00'

13,500

+ 2,000

—3,000
+1,500

—2,750
—8,250

8.250
16,000
7,500
15.000
15.000
11,250

—3,000

$309,850

+ 2,525

+6,875-

On capital o f tSOu.oOo.
+ On capital o f $20,678,000.
%Semi-annual.
T he E x p o r t s o f C o t t o n from New York this week show

a
decrease compared with last week, the total reaching 16,675
bales, against 17,613 bales last week. Below we give our
usual table, showing the exports o f cotton from New York,
and the direction, fo r each o f the last four weeks; also the
total exports and direction since Sept. 1,1894, and in the last
aolumn the total for the same period o f the previous year.
BXPOBTSOF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1, 1894.
W eek E n d in g —
E x p o rted to —

F eb.
15.

Feb.
22.

1 MS
1 §
! * **
1 _ 3*
_

Oct. 1 to Feb. 2 5 .
B a les o f 4 0 0 lbs. each ,
0 0 0 s om itted .

LX,

[V O L .

L i v e r p o o l .....................
)t h e r B r itis h p o r t s ..

8 ,1 0 9
..........

9 ,4 1 6
2 ,1 6 6

9 ,1 4 1

To t . t o G t . B r it ’n .

M a rch
8.

T otal
sin ce
Sept. 1.

Sam e
p e r io d
p r e v io u s
y ea r.

8 18

3 ,5 2 0
2 ,5 7 0

2 3 2 ,5 7 1
7 4 ,8 0 2

2 4 9 .3 3 3
7 7 ,6 5 8

8 ,1 0 9 1 1 ,5 8 2 1 0 ,0 39

6 ,0 9 0

3 0 7 ,3 7 3

3 2 6 ,9 9 1

1,612
..........

5 49
..........

1 ,1 6 2
..........

2 6 ,6 8 4
4b 0

1 3 ,4 2 9

H a v re .............................
Other F r e n c h p o r t s ..

2 20
..........

T o t a l F r e n c h ___

220

1 ,6 1 2

549

1 ,1 6 2

2 7 ,0 8 4

1 3 ,4 2 9

85

820

2 ,1 1 5
1 ,0 5 3
7 48

88
1 ,3 4 7
789

2 ,3 9 0
2 ,8 0 0
1,241

3 4 ,5 1 9
3 3 ,8 2 0
4 7 ,2 o 3

3 1 ,0 1 0
1 3 ,9 3 4
6 9 ,7 7 0

H a m b u r g ......................
O ther p o r ts .................
T o t .t o N o .E u r o p e

905

3 ,9 1 6

2 ,2 1 9

6 ,4 3 1

1 1 5 ,5 9 2

1 1 4 ,7 1 4

(p a in , I t a l y , dec..........
i l l o t h e r .......................

3 ,2 7 0

800
250

4 ,8 0 6

2 ,9 9 2

5 2 ,2 5 7
8 74

2 7 ,3 8 9
1 ,4 3 0

T o t a l Sp a i n , & o . .

3 ,2 7 0

1 ,0 5 0

4 ,8 0 6

2 ,9 9 2

5 3 ,1 3 1

2 8 ,8 1 9

G r a n d T o t a l . . . . 1 2 ,5 0 4 1 8 ,1 6 0 17,613 1 6 .6 7 5

5 0 3 ,1 8 0

4 3 3 ,9 5 3

S h ip p in g N e w s .— T h e e x p o r ts o f c o t t o n fr o m t h e U n ite d
S ta te s t h e p a s t w e e k , a s p e r l a t e s t m a i l r e t u r n s , h a v e r e a c h e d
9 4 ,5 3 1 b a l e s .
S o f a r a s t h e S o u t h e r n p o r t s a r e c o n c e r n e 1, t h e s e
T he F o l l o w i n g a r e t h e g r o s s R e c e i p t s o p c o t t o n afe a r e t h e s a m e e x p o r t s r e p o r t e d b y t e l e g r a p h a n d p u b l i s h e d i n
New York, Boston, Philadelphia and Baltimore fo r the past t h e C h r o n i c l e l a s t F r i d a y . W i t h r e g a r d t o N e w Y o r k w e
week, and since September 1,1894
in c lu d e t h e m a n ife s t s o f a ll v e s s e ls c le a r e d u p t o T h u r s d a y .
Total bales.
P h il a d b l p h ’ a Ba l t im o r e .
BOSTON.
N ew Y o r k .
N e w Y o r k —T o L iv e r p o o l, p e r ste a m e r N o m a d ic, 3 ,5 2 0 ...............
3 ,5 2 0
Receipts
T o H u ll, p e r ste a m e r M a rte llo , 1 ,8 7 0 .............................................
1 ,8 7 0
This
Since
Nines
T h is
This
Nines
This
Nines
T o N e w ca stle , p e r ste a m e r A isa tia , 7 0 0 ______ _ _____________ _
700
from —
w eek. S t p t .l . w eek. Nspt. 1. w eek . 8 e p t. 1 . w eek. Sept. .
T o H a v re , p e r ste a m e r L a C ttam pagne, 1 ,1 5 7 u p la n d a n d 5
Sea I s l a n d .. ...............
................................................... .
1 ,1 6 2
.............
N. Orleans. 20,478 361,004
T o B rem en , p e r ste a m e rs B ra u n s ch w e ig , 1 ,4 2 1 ___ E m s, 9 6 9
2 ,3 9 0
7,041
11,963 201,047
T exas......
T o H a m b u rg , p e r s te a m e rs M a rsa la , 3 0 0 . . . . P ru ssia , 2 ,5 0 0 .
2 ,8 0 0
7,177 4,506
71,702
69,689
2,009 199,910 1,472
T o A n tw e rp , p e r s te a m e r W aesla n d , 1 ,2 4 1 ................. .
1 .2 4 1
Savannah.
T o L isb o n , p e r stea m er B o liv ia , 2 ,6 4 2 ...........................................
2 ,6 4 2
Mobile ...
T o G e n o a , p e r ste a m e r P e o o n io , 3 5 0 .......... ..
............... .........
350
108 10,736
Florida-...
N e w O r l e a n s —T o L iv e r p o o l, p e r stea m ers A stro n o m e r, 5 ,1 0 0
63
47,314
1,888
733
So. Carolina
....B e r n a r d H all, 5 ,1 1 0 .. ............................................................. 1 0 ,2 1 0
13,542
802
No. Carolina
T o N a rv a , p e r barli F r a n c is c o , 2 , 1 3 7 .......... ............................. .
2 ,1 3 7
669 4,000
71,728 G a l v e s t o n —T o L iv e r p o o l, p e r stea m ers A v o n m o r e , 7 ,1 3 8 —
64,300
34,637
756
Virginia. . .
H ig h la n d e r, 6 ,0 5 8 . . . H o n ito n , 6 ,5 8 7 ___ U n d a u n te d , 8 ,5 7 2 28,3557,877
4,541 31»‘,580
North, ports
T o H a v re , p e r ste a m e r B lu e S ta r, 7 ,0 2 3 ................. .............. .
7 ,0 2 3
60,468 9 215
88,537 2,637 101,889
1,445 113.423 8,630
Tenn., &e..
T o H a m b u rg , p e r ste a m e r A e o n , 5 0 5 ................................ ...........
50586,011
8,614 2,088
400
Foreign.....
Sa v a n n a h —T o 8t. P e te rs b u rg , p e r b a rk M irza p ore, 4 ,3 0 0 . . . . .
4 ,3 0 0
1 .6 8 0
1,019,890 13,631 608,426 9,273 100,148 11,043 244,720 B r j n s WICK— T o B re m e n , p e r ste a m e r B e n go re H e a d . 1 ,6 8 0 —
T ota l....... 38,693
NORFOLK— f o L iv e r p o o l. per stea m er S ta g , 1 ,2 7 8 ______ ______ . . 1 ,2 7 8
58,314 5.433 134.867 N e w p o r t N e w s —To L iv e r p o o l, p e r ste a m e r K a n a w h a , 8 0 1 ........
801
Last year... 19,403 871.769 10,427 419,002 6,050




itM ,
>

THE

Mabch 9, 1895.1

CHRONICLE.

T otal
Cam b rom a n , 4 5 6 .......
G eorgia n , 4 ,2 3 0 . ...N o r s e m a n , 2 ,0 6 9 u p la n d a n d 1 72 Sea
I s l a n d .. . S am a ria , 1 ,6 7 3 ........ ................. ...........................
B altimore .—To B rem en , i»er stea m er K a rlsru h e, 5 ,7 4 8 ...............
T o H a m b u rg, p er stea m ers B o liv ia , 7 0 0 — P o la n a , 6 0 0 . . . . .
P h i l a d e l p h i a T o L iv e r p o o l, p e r stea m ers In d ia n a , 4 8 2 . . . .
S ou th w a rk , 5 , 4 8 7 . . . . . . . . . . . . . ....................... ........ . . . . . . . . . . . .

bales,

B oston —T o L iv e r p o o l, p e r stea m ers

8 ,6 0 0
5 ,7 4 8
I ,3 u 0
5 ,9 6 9

443

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis o f Uplands, Low Middling clause, unless otherwise
stated:
g y The prices are given in pence and 64ths.

2 6 3 -6 4 d . and 3 0 1 means 3 l - 6 4 d .

T o t a l . . . . . . . . ..................... ................. .......................- ............................ 9 4 ,5 8 1

S a t ,, M c h .

The particulars of these shipments, arranged in our us al
fo r m , áre as follows:

OPSf! Sigh Lou

St.
P etersb u rg <6
N arva.
......
2 ,1 3 7

L isb o n ,
H u ll cé
B rem en
B a rceL iv e rMewH am - A.ntIon a <
&
p o o l, castle. Havre, burg. w erp .
Genoa. Total.
2 ,9 9 2 1 6 ,6 7 5
5 ,1 9 0 1 ,2 4 1
New Y o r k . 3 ,5 2 0 2 .5 7 0 1 ,1 6 2
1 2 .3 4 7
.
N . O rlea n s. 1 0 ,2 1 0 ........ . ..........
3 5 ,8 <3
G a lv e s to n .. 2 8 ,3 5 5 .......... 7 ,0 2 3 '* 5 0 5
4 ,3 0 0
4 ,3 0 0
S av a n n a h ................ . .........................
1 ,6 8 0
B ru n sw ick
....................................... 1*680
1,2 7 8
N o r f o l k .. ..
1 ,2 7 8 ........................
8 01
N ’ p ’t N ew s
8 0 1 ..................... .
8 ,6 0 0
B o sto n ........ 8 ,6 0 0 .........................
7 ,0 4 8
B a ltim o re .............................................. 7,6*4*8
5 ,9 6 9
P h ila d e l’a..
5 ,9 6 9 .........................

Total.... 5 8 ,7 3 3 2 ,5 7 0 8 ,1 8 5 1 4 ,4 2 3 1 ,2 4 1 6 ,4 3 7 2 ,9 9 2 9 4 ,5 8 1
Below we add the clearances this week o f vessels carry in,
cotton from United States ports, bringing our data down ■
the latest dates:

Ch arleston —T o S t 'P e t e r s b u r g -M a r c h 1—Ship T h o r, 3 ,2 6 6 .
T o B a rcelon a

Olos. 'Open Hi01 Low Olos

T

um

., M c h . 5 .

Opsrt High LOW. Olos.

M carh........
Mch.-April.
April-May..
May-Jane..
June-July..
J uly-A ug...
A ug.-Sept..
8ept.-O ct...
Oct.-N ov....
N ov.-Dee...

Dec.-Ian..

4.

4.

4.

4.

4.

4.

4.

4.

4

4.

4.

2 59
2 59
3 61
2 62
2 63
3 01
3 02
3 03
3 04
3 08
3 07

2 59
2 59
2 61
2 62
2 63
3 01
3 03
3 03
3 01
3 06
3 07

2 59
2 59
2 61
2 62
2 63
3 01
3 02
3 03
3 04
3 06
3 07

2 59
2 59
2 61
2 62
2 63
3 01
3 02
3 03
3 04
3 06
3 07

2 61
2 61
2 62
3 00
3 01
3 02
304
3 05
3 06
3 08
3 09

2 61
2 61
2 62
3 00
3 01
3 03
3 04
3 05
3 06
3 08
3 09

2 61
2 61
2 62
3 60
3 01
3 02
8 03
3 05
3 06
3 07
309

2 61
2 01
2 62
300
3 01
3 03
3 03
3 05
300
3 07
3 09

2 61
2 61
2 62
2 63
3 00
3 02
3 03
3 o4
3 00
3 07
3 08

2 61
2 01
2 02
2 63
300
3 02
3 03
3 04
3 06
3 07
3 09

2 01
2 61
2 62
2 63
3 00
3 02
3 03
3 04
3 06
3 07
3 08

201

Jan.-Feb....
W e d ., M c h . 6 .
Opts Bigi Lou
4.
M a rch ........
Moh.-April.
April-May..
M ay-June..
June-July.
July-Aug...
A ug.-Sept..
Sept.-Oct..
Oot.-Nov..
Nov.-Dee...
Dee.-Jau....

4.

2 82
2 62
2 63
3 00
3 01
3 03
3 04
3 05
3 06
3 08
3 09

2 63
2 63
3 00
3 02
3 03
3 04
3 05
3 06
3(8
3 09
311

4
2 62
2 62
2 83
3 00
3 01
3 03
3 04
3 05
3 06
3 08
3 09

M

T h u » . , M ch . 7O
)P4t< Big! Ü 10

)los

2 61
2 62
2 63
300
3 02

3 03
3 04
3 06
3 07
3 09
....

F r i., M c h . 8 .
>PSi Bigh [/no. Olos.

1

4

4.

4.

i.

ft

4.

2 63
2 63
300
3 02
3 03
3 04
3 05
3 06
3 08
3 09
311

3 00
3 00
3 01
3 02
3 03
3 05
3 06
3 07
3 09
310
311

»00
3 00
3 01
3 o2
3 03
3 05
3 06
3 08
3 09
3 10
311

2 63
2 63
3 01
8 02
3 03
3 04
3 00
3 07
3 08
3 10
311

2 63
2 03
3 01
S 02
3 03
3 04
3 00
3 07
3 08
3 10
311

301
3 Oi
3 03
3 04
3 05
3 06
3 08
3 09
3 10
3 12
3 13

3 01
3 01
3 03
3 04
3 05
3 03
8 08
3 uP
310
3 12
313

4.

4.

3 01 3 OS
3 01 3 01
3 02 3 02
3 04 3 04
3 05 3 05
3 00 3 06
3 08 3 08
3 09 3 09
3 10 310
3 11 311
313 8 13

....

Jan. Feb....

M a rch 6 - B a r k S ebastiana, 2 ,2 *0.

N o rfo l k —T o L iv e r p o o l—M a rch 1 —S tea m er S aturnina, 3 ,0 0 0

M o n ., M c h . 4 .

.

<.
1

G alv eston —T o L iv e r p o o l—M a rch 4 -S t e a m e r C a rolin a, 3 ,6 1 3 .
T o H a v re -M a r c h 4 —S tea m er D a n iel, 5 .7 5 0 .
T o B rem en M arch 4 —S team er G en a, 7 ,3 8 9 . ...M a r c h 6 —S team er
B irch fleld , 5 ,8 6 5.
T o N a rva — M arch 4 —B a rk H ild a , 1 ,1 0 0 .
T o H a m b u r g —M a rch 6 S tea m er L y n d h u rst, 350 .
N e w O rleans — To L iv e r p o o l-M a r c h 7 -S te a m e r s N ica ra gu a n , 7 ,4 0 0 ;
T ra v e lle r, 5 ,6 4 9.
T o B rem en - M arch 4 —S team er P la n e t M e rcu ry , 8 ,4 4 3 — M a rch 8 S team er B reok lield , 7 ,6 3 1 .
T o G e n o a M arch 6 S tea m er P u e r to R ic o , 5 ,1 5 0.
Sa v a n n a h —T o St. P e te rs b u rg —M a rch 6 - B a rk P rin o e s s W ilh elm in a ,
1 ,2 7 5 .
T o B a r c e lo n a -M a r c h 5 —S tea m er Id a , 5 ,1 5 0 ....M a r c h 7 —S tea m er

2

Thus : 2 6 3 means

....

M a rch

2 —S team er P a le n tin o , 2 ,6 9 6 .
T o B rem en M a rch 2 - S tea m er C edar B ra n ch , 1 ,8 2 0 .

B oston —T o L iv e r p o o l P e b . 28 -S te a m e r M ich ig a n , 1 ,7 9 1 u p la n d an d
1 ,1 2 8 Sea I s la n d ___M a rch 4 - S t e a m e r O ttom a n , 1 ,8 8 4 ....M a r c h
5 - S t e a o e r C olu m b ia n , 1 ,6 9 6 ,
B a l t i m o r e —T o U v e r p o o l—F eb . 2 3 —S tea m er R o ss m o r e , 1 ,3 4 7 .
T o L o n d o n -M a r c h 3 —S tea m er M in n esota , 2 0 0
T o R o tte rd a m M a rch 1 — S team er P a ta p soo, 4 97 .
P h i l a d e l p h i a —To L iv e r p o o l—M arch 1 —8 t arner K e n sin g to n , 3 ,3 3 6 .
T o A n tw e r p —F eb . 2 6 —S tea m er P e n n s y lv a n ia , 3 50 .

B R E A D S

T U F F S .
Friday , March 8, 1895.

Early in the week buyers showed considerable interest in
the market for wheat flour and a fair business was trans­
acted in the trade brands for home account at full values;
Ootton freights the past week have been as follows:
city mills also sold fairly well at firm prices. Subsequently,
however, a decline in the price of the grain caused buyers to
Fri
Satur.
Mon.
Tues. Wednes. Thurs.
withdraw, and the market became quiet. The demand for rye
Liverpool, steam, d
flour has been quiet, but supplies have been limited and prices
764
764
764
764
764
■6
*4
....
....
....
,...
....
Manchester........ d.
....
firmly maintained. Buckwheat flour has been quiet and
251
251
251
Havre, Mch. 1 8 ..c.
251
25t
25t
without change. Corn meal has been in fairly good demand at
Do
later.......d. 31%t
31%t
31%t
31%t
31%t
31%t
Bremen...............c.
*8® 964 %®964 %®904 steady prices. To-day the market for wheat flour was firm
%®964
5
3S
....
....
....
....
Do
la te r... d.
....
. ..
but quiet.
Hamburg, steamd.
%
*
8
*
8
*
8
%
*
8
At the opening of the week under review the market for
....
....
....
....
.....
Do
later., d.
....
wheat futures was active and prices advanced rather sharply
Ams’dam, steam.e.
25+
251
251
25t
251
25t
on brisk buying by “ shorts” to cover contracts, stimulated
Reval.................. d.
1161®316 1104®318 1*64®316 l l 64®316 l l 64®316 by stronger foreign advices, accompanied by buying orders.
316
....
....
....
Do ..................d.
••
••
....
....
and further reports of poor prospects for the growiog French
....
....
....
....
....
....
B’lona.lOtli Feh.d.
crop; but later foreign advices became dull and easier and
G enoa.................d.
this with realizing sales caused the improvement to be more
532
532
532
532
®
32
532
....
....
....
....
....
. .. .
Do
Feb’ary.d.
than lost. In the spot market shippers have been limited,
Trieste, Mch. 5..d, 23128
buyers and prices have followed futures. Tne sales yesterday
23128
23128
23128
23128
23li8
included No. 2 red winter at %o. over May f. o. b. from store
Antwerp, steam .d.
%
539
%
%
*8
■8
*
and l^ c . over May f. o b. afloat; also No. 1 hard Manitoba
t C en ts n e t p e r 1 0 0 lb s .
at about 10c. over May f. o. b. afloat. To-day the market was
L iverpool .—By cable from Liverpool we have the followvE
fairly active and firmer in response to s ronger foreign ad­
statement of the week’s sales, stocks, &c., at that port:
vices and on unfavorable weather advices from the North­
west. The spot market was quiet but steady. Th® sales in­
F eb . 15. Feb. 22
M ch. 1.
M ch 8 .
cluded No. 1 hard Manitoba at about 9%c. over May f. o. b»
6 7 .0 0 0 afloat.
S ales o f th e w e e k ............ b a le s .
6 7 .0 0 0
5 3 .0 0 0
6 3 .0 0 0
3 ,6 0 0
O f w h ic h e x p o r te r s t o o k . . .
3 ,7 0 0
1 ,9 9 0
2 ,6 0 0
3 .0 0 0
O f w h io h s p e c u la to r s t o o k ..
4 .0 0 0
6 ,0 0 0
2 ,2 0 0
Bales A m e r i c a n ........................
5 5 .0 0 0
5 6.0 00
6 0 .0 0 0
4 9 .0 0 0
A c t u a l e x p o r t .......................
5 ,0 0 0
4.0 0 0
6 .0 0 0
1 0.0 00
7 4,0 00
F o rw a r d e d ......................................
7 6 ,0 0 0
7 3 .0 0 0
5 9 .0 0 0
T o t a l s to c k —E stim a te d ............. 1 .6 7 4 .0 0 0 1 .7 8 4 .0 0 0 1 .8 1 4 .0 0 0 1 ,8 6 0 ,0 0 0
O f w h ic h A m erica n —E stim ’ d 1 .5 1 6 .0 0 0 1 .6 3 0 .0 0 0 1 .6 6 6 .0 0 0 1 ,7 1 3 ,0 0 0
T o t a l Im p o r t o f th e w e e k ..........
1 1 1 ,0 0 0
1 2 2 ,0 0 0
1 3 1 .0 0 0
1 9 3 .0 0 0
O f w h io h A m e r i c a n ..............
1 0 3 .0 0 0
1 8 3 .0 0 0
1 1 1 ,0 0 0
1 1 2 .0 0 0
A m o u n t a flo a t........................... ..
1 92 .00 0
3 4 7 .0 0 0
1 2 5 .0 0 0
2 2 2 .0 0 0
O f w h ic h A m e r ic a n .................
1 9 0 .0 0 0
3 4 5 .0 0 0
1 2 3 .0 0 0
2 2 0 ,0 0 0

DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
W ed. T h urs.
Sat.
Mon. Tues.
583«
59
M a rch d e liv e r y ................,0. 5 8 %
c.
585a
585«
59
59%
59%
May d e liv e r y .....................,0. 5 9 ie
c.
5938
591 «
59%
5938
Ju n e d e liv e r y ...............................c. 5 9 %6 0
59+4
59%
59%
60%
59%
J u ly d e l i v e r y . . . . ............ifl. 5 3 %
c.
59%
59%
59 78
A u g u st d e l i v e r y .......... .■ . 593a
c
C.
6038
6 0%
59%
61
60%
S ep tem b er d e liv e r y ___ 0. 6 0 »«
o.
623«
633«
62%
63%
D e c e m b e r d e liv e r y .........0. 63
o.

F ri.
58%
593a

....

59%
59%
60%
62%

The speculation in the market for Indian corn futures has
been slow and prices gradually gave way in the absence of
sustaining features until Thursday, when a demand from
from “ shorts” to cover contracts, particularly for the near­
by deliveries, stimulated by expectations of small shipments
from the West, caused an advance. In the spot market busi­
Saturday Monday. Tuesday. Wednes. Thursa’y. Fru.
ness has been quiet but prices have been steady. T he sales
yesterday included steamer mixed at 49%c. delivered and
Quiet and
Good
Firmer. demand. Harden’g. No. 2 mixed at % c. over May in store anu l% c. over May
Harden’«. Quiet.
firm.
f. o. b. afloat. To-day the market further advanced on con­
3
3 1S2
3+16
3^82
3116
3132
tinued buying by “ shorts” to cover contracts, stimulated by
the small shipments from the West. The spot market was
1 0 ,0 0 0
1 4 .0 0 0
8 ,0 0 0
1 0 ,0 0 0
1 2 ,0 0 0
1 2 ,0 0 0
500
2 ,0 0 0
500
500
firmer but quiet. The sales included steamer mixed at 49^c,
500
1 ,0 0 0
iu elevator and steamer yellow at 49%e.@50c. in elevator.

The tone of the Liverpool market for spots and futures ea* i
day of the week ending March 8, and the daily closing priceiof spot cotton, have been as follows*
Spot.
M a rk et, f
f . M.J

1:45

M ld .U p l’ d s.
S pec. & exp.

Futures.
M a rk e t, \

1:45 p.

m.£

M a rk e t, \
4 P. M. J

Steady.
"Very
■teaay.




Steady at Quiet at
1-64 ad­
1-64 de­
vance.
cline.
Quiet and
steady.

Quiet.

Quiet.
Steady.

Quiet al Steady at
Dartially 2-0**
▼a*ioe.
1-64 adv.
Quiet

Quiet and
steady

DAILY CLOSINGS PRICES OF NO. 2 MIXED CORN.
Wed. T hurs.
Tues.
Mon.
Sat.
43%
49%
48%
48%
..O.
M a rch d e l i v e r y ..............o, 4 8%
49
48%
49
49
M ay d e liv e r y ................ .. o .
48%
49
48%
49%
49%
,.e. 4 9
J u ly d e liv e r y ____
49%
49%
....
....
S e p te m b e r d e l iv e r y .. . .o ..
.0

F ri.
!-* -»

49%
49%

...»

444

THE CHRONICLE.

Oats for future delivery have been dull and prices, in the
absence of new features of importance, have been very little
changed. In the spot market business has been slow and
prices have declined. The sales yesterday included No. 2
mixed at 33c. in elevator and No. 2 white at 37c. in elevator.
To-day the market was a trifle stronger in sympathy with
the advance in corn. The spot market was firm but quiet.
The sales included No. 2 mixed at 33j^c. in elevator and No.
2 white at 37c. in elevator.
DAILY CLOSING PRICKS OP NO.
Sat.
M on.
M a rc h d e liv e r y ..............o.
33%
3 3 »«
A p r il d e liv e r y .............. o ................
33%
M a y d e liv e r y ...................o.
33»*
33%

2 MIXED OATS.
Tues.
Wed. T h u rs.
3 3 »«
3 3 »«
33*8
333s
33%
33»4
33%
33%
33%

Fri
33%
33%
33%

Rye ha3 sold slowly, but prices have been without change
and steady. Barley has been dull and without change.
FLOUR.
F in e .................... # b b l. $ 1 8 5 ® $ 2 1 0 P a te n t, w in t e r ............$ 2 8 0 ® $ 3 1 0
S u p erfin e ....................... 2 1 0 ®
2 2 0 ity m ills e x t r a s .......
C
3 10
E x t r a , N o. 2 ................. 2 1 5®
2 25R y e flou r, s u p e rfin e .. 2 6 0 ® 3 0 0
2 40B u ck w h e a t f l o u r . . . . . 1 6 0 ® 1 7 0
E x t r a . N o. 1 ................. 2 2 5 ®
C le a rs ............................. 2 4 0 ®
2 6 0C orn m ea l—
S t r a ig h t s ...................... 2 6 0 ®
3 3 5 W estern , & o............. 2 6 5 ® 2 7 5
P a te n t, s p r i n g . ......... 3 3 0 ® 3 85
B r a n d y w in e ..............
2 80
[W h e a t flo u r in s a c k s sells a t p rice s b e lo w th o s e f o r b a r re ls.]
GRAIN.
W h e a t—
0.
0.
C orn , p e r b u sh —
e.
0
S p r in g , p e r b u s h .. 56 ® 7 0
W est’ n m i x e d . . . . . . 4 8 % ® 52
R e d w in te r N o. 2 . . 59 % ® 61
N o. 2 m ix e d ___ . . . 5 0 % ®
51%
R e d w in t e r ............. 5 3 ® 61
W e ste rn y e l l o w . . . 4 9 ® 5 2
W h it e ........................ 66 ® 6 9
W estern W h ite ___ 4 9 ® 5 2
O ats—M ix e d , p e r bu. 33 ® 35
R ye—
W h it e ......................... 37 ® 4 1 %
W estern , p e r b u sh . 51 ® 5 6
N o. 2 m ix e d .........
33% ® 34%
S tate a n d J e r s e y .. . . . . ®
N o . 2 w h it e ............. 3 7 ® 38
B a r le y — N o.2 W est’n 6 4 ® 6 5
S ta te 2 -ro w e d ................... ®
....
8 ta te 6 - r o w e d . ... . . . . . ®

W

F o r oth er tables u su ally Riven h ere see patte 4 2 0 .

T HE

DRY

New Y

GOODS

ork,

TRADE.

F r i d a y , P. M „ March 8, 1895.

Print cloths declined to 2 ^ c. for 64 squares at the close o f
last week, and after a limited business the demand therea,
ceased. This week there has been a further decline of l-16c.
bringing the price to 2 7-16c., a lower level than extras ever
sold at before. Even at this point only a limited demand is
in evidence, and buyers certainly show less disposition to pur­
chase than they did two weeks ago, when their bids of 2 9-16c.
were refused by the manufacturers. The influence of this
decline has not been apparent to any extent in the market for
finished cotton fabrics, where more attention has been paid
during the past two days to the advance in the price of raw
cotton. Should cotton develop further strength good results
are looked for in stimulation of the demand from buyers and
arrest of the declining tendency in staples. Meanwhile the
general features of the market are without change of moment.
There is still a fair amount of business doing in cotton dress
fabrics, better than in domestics, for which the general demand
is indifferent. Occasional bids for quantities of the latter are
put forward, but as a rule at prices which sellers refuse to
accept; and although the market is easy in the main the lat­
ter appear to have more definite ideas regarding limits than
of late. Reports from the South, where business has been so
backward, show some improvement in conditions, but still
there is but an indifferent general demand from Southern
markets. Western and local trade from second hands is in
very fair shape.

Denims, ticks, cheviots, checks and stripes are also bought in
small quantities as a rule without change in value from last
week. Fair sales of Southern plaids are reported where con­
cessions have been made by agents. Bleached shirtings in
fine and medium grades are in moderate demand and fairly
steady .but low qualities,such as 64 squares, are weak and inac­
tive. Fair reorders have been taken for white goods, in which
preference for the finer grades is again noticeable. Wide
sheetings sell slowly without change in quotations as to cot­
ton flannels and blankets. Kid-finished cambrics continue
dull, buyers holding off in expectation o f lower prices under
print cloth influences. Other cotton linings in fair demand
and steady. There has been a well sustained demand for
printed fabrics, the better grades selling more freely than
lower qualities. Ginghams are without material change.
Print cloths, after selling indifferently at 2J^c., have declined
to 2 7-16c. for extras, establishing a new record, and the
market is still quiet thereat.
1895.
S tock o f P r in t Oloths—
M ch. 2.
A t P ro v id e n ce , 6 4 s q u a r e s ....................1 0 9 ,0 0 0
A t F a ll R iv e r, 6 4 s q u a r e s ................. . . 3 7 ,0 0 0
At F a ll R iv e r , o d d s iz e s ......................... 9 9 ,0 0 0
T o t a l s t o c k ( p i e c e s ) .....................

W

oolen

1895.

M a r . 4.

W eek. Since J a n . 1.

"Î2
482
64
335
441
22

622
280
6 ,1 8 8
654
3 ,8 2 8
2 ,1 1 4
3 ,2 1 5
489
1 ,5 9 2
1 0 ,0 5 6
6 56

T o t a l....................... .
C h in a , v ia V a n c o u v e r * ....

1 ,7 3 2
250

2 9 ,6 9 4
1 ,2 5 0

4 ,3 2 0

1,083
5 ,4 0 3

g g

mg1
S*
WA

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S r f* c n * o c n c o
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4 3 ,7 9 2
6 ,4 7 3

3 0 ,9 4 4
T o t a l...................................... 1 ,9 8 2
* F r o m N e w E n g la n d m ill p o in ts d ir e c t.

5 ,0 0 0

1rs

:
V•
p:
p

Since J a n . 1.

G r e a t B r ita in .........................
O th e r E u r o p e a n ................. .
C h in a . . . . . . ............................ ..
I n d i a .,................... ......................
A r a b ia ____ _______ ___________
A f r i o a ........................................
W e st I n d i e s . . . . ..................... .
M e x ic o ................... .
C en tra l A m e r ic a .......................
S outh A m e r ic a . . . . . . . . . . . . .
O th e r C o u n trie s ......................

5 8 3 .0 0 0

2 4 5 ,0 0 0

G o o d s . — Cancellations of orders on medium and

The importations and warehouse withdrawals of dry goods
at this port for the week ending March 7, and since
January 1, 1895, and for the corresponding periods of last
year are as follows:
»
»
s.
B
p
22238
• to
Sh *322^8
g » c® g g
S
pig*
b
s h
“
- * : 8.&ï i
P. o
p:

1894
W eek

1893.
M ch. 4 .
N one.
5 ,0 0 0
N one.

Im p o r ta tio n s a n d W a r e h o u se W ith d r a w a ls o f D ry G oods

© cn
to

1894
M ch. 3.
1 9 3 .0 0 0
3 1 9 .0 0 0
7 1 ,0 0 0

low-grade heavy-weight men’s-wear goods have again been a
feature and are causing considerable uneasiaess in qualities
affected, the market for which has also shown continued
irregularity in prices. Business in low and medium grades
has been quiet, but there is still a fair demand for the
better grades of fancies in which further lines have been
withdrawn from the market, sold to extent of season’s pro­
duction. In low-grade cotton-warp goods the demand is
quiet, and satinets continue inactive with but a few ex ­
ceptions in which moderate orders have been taken. Doeskin
jeans in quiet demand. There has been more business pass­
ing in fancy lines of cloakings, but overcoatings continue
quiet. Woolen and worsted dress goods in spring lines are
quiet, but still in satisfactory movement for the time of year
and steady in price. Blankets have opened the new season at
a reduction in price of about 5 per cent on the average, but
the demand is indifferent. Flannels are dull throughout.
Carpets in moderate demand.
F o r e ig n D r y G o o d s .— A good business has been reported
from second hands in general assortments of foreign mer­
chandise, and a moderate reorder demand is reported for
dress fabrics by importers for late spring and summer trade.
Linens are quiet. Ribbons, laces, etc., without new feature.
There has been more doing in new lines of woolen and
worsted dress goods for fall, but the demand is by no means
general.

D om estic C o t t o n G o o d s .— The exports of cotton goods
from this port for the week ending March 4 were 1,732
packages, valued at $92,381, their destination being to the
points specified in the table below:
Ne w Y o r k

[V ol. L X .

t¿ < l< lQ D < l

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1 m © m m c *
1 Q 0 W © * -< !

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5 0 ,2 6 5

71
30
235

1 ,1 7 2
727
2 0 ,5 8 9
2 ,2 3 9
5 ,3 2 0
887
4 ,1 8 9
357
1 ,1 0 4
6 ,6 6 2
496

The value of the New York exports for the year has
been $1,381,653 in 1895 against $2,263,913 in 1894.
There has been less disturbance ia staple cottons in jobbing
circles thi3 week than of late but at first hands the market is
without material change. The general run of orders for
brown sheetings, drills and 03naburgs is for limited quantities
for prompt delivery without change from previous prices.




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arch

THE CHROM IOLE.

9 , 1895,,j

State

awe
term s

City D etahtmewt,
of

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 IIR O N I C L F con­
tains 40 to 64 pages, published every week.
S tate a n d City S u p p lem en t of C H R O N I C L E con­
tains ISO pages, published periodically.
In v esto rs’ S u p p lem en t of C H R O N IC L E (a Cyclo­
paedia of Railroad Securities) contains 160 pages, published
quarterly.
Street R a ilw a y S u p p lem en t o f C H R O N IC L E
contains 8 0 pages, published quarterly.
Subscription to CHRONICLE for one year S I0 .0 0 ,
which includes every issue of both S u p p l e m e n t s .

P a g e.
L o ca tio n .
R ate.
M a tu rity .
4 0 1 . . N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 5
4 0 1 . . N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 5
4 0 1 . . N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 5
4 0 1 . . N e w Y o r k C ity , N. Y . . 3
N o v . 1 ,1 9 2 5
4 0 1 . . N e w Y o r k C ity , N . Y .'. 3
N o v . 1 ,1 9 2 5
4 0 1 . . N ew Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 5
4 0 1 . .N e w Y o r k C ity , N . Y . .
3
N o v . 1 ,1 9 2 0
4 0 1 . . N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 0
4 0 1 . . N ew Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 0
4 0 1 . . N e w Y o r k C ity , N. Y . . 3
N o v . 1, 1 9 2 0
4 0 1 . . N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 2 0
4 0 1 . . N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 1 4
4 0 1 .. N e w Y o r k C ity , N . Y . . 3
N o v . 1 ,1 9 1 5
4 0 1 . . N e w Y o r k C ity , N. Y . . 3
N o v . 1 ,1 9 2 0
4 0 2 . . P o rtla n d , M e .......... 4
M ar. 1 ,1 9 0 5
4 0 2 . . R a m s e y C o., M in n .... 4*2 M ar. 1 ,1 9 0 5
2 6 9 . . R o ch e s te r , M ic h ..............................................
- 1908
3 1 4 . . 5 .l e m , M a s s ..... ......... 4
3 1 4 . . 5 .n g a m o n C o u n ty , 111. 5
1902 1906
3 6 2 . .Y o u n g s t o w n , O h io........ 6
1 8 9 8 -1 9 0 2

445
A m o u n t.
$ 1 7 ,0 0 0
1 0 0 ,0 0 0
1 0 0 ,0 0 0
1 0 0 ,0 0 0
1 5 0 ,0 0 0
3 3 ,0 0 0
1 1 7 ,0 0 0
1 5 0 ,0 0 0
3 ,0 0 0
2 0 0 ,0 0 0
1 ,0 6 5 ,0 0 0
4 0 1 ,8 1 4
7 7 8 .7 7 2
5 0 ,0 0 0
1 0 0 ,0 0 0
5 0 ,0 0 0
1 5 ,0 0 0
2 6 ,0 0 0
7 5 ,0 0 0
1 ,2 0 0

A w a rd .
1 0 3 -2 5
101-11
1 0 1 -0 1
1 0 0 -9 1
1011 0 0 -7 5
1 0 0 -7 5
1 0 0 -5 0
1 011 0 0 -6 2 5
1 0 0 -2 7 7
1 0 0 -2 7 7
1 0 0 -2 7 7
1 0 0 -2 9
1 0 3 -1 7
1 03 -3 4 5
1001 0 3 -1 6
1 0 8 -6 6 S
1 06 -6 6

T o t a l (19 m u n ic ip a lit ie s )..................................... $ 4 ,6 4 5 ,4 8 6
A g g r e g a t e o f sa le s f o r w h ic h n o p r ic e ha s
b e e n re p o r t e d (fro m 1 1 m u n ic ip a lit ie s ). . .
8 6 9 ,0 0 0
T o t a l sa le s f o r F e b r u a r y ................................... $ 5 ,5 1 4 ,4 8 6

Terms of Advertising—(Per inch space.)
O n e t i m e ................................... $ 3 5 0 I T h ree M on th s (13 t im e s ) ..$ 2 5 0 0
O n e M on th
(4 t im e s ).. 11 0 0 S ix M on th s
(2 6 t im e s ) .. 4 3 0 0
T w o M on th s
(8 t im e s ).. 18 0 0 I T w e lv e M ouths (52 t im e s ).. 58 0 0
(T he a b o v e te rm s fo r o n e m o n th a n d u p w a rd are fo r s ta n d in g c a r d s .)

T b e p u rp o se o f this S tate a n d City D e p a r tm e n t
is to furnish our subscribers with a weekly addition to and
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other
words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
S t a t e a n d C i t y S u p p l e m e n t to as near the current date as
possible, Hence if every Subscriber will note in his S u p p l e ­
m e n t on the page designated at the head o f each item a
reference to the page where the item in the C h r o n i c l e can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts.

M U N IC IP A L B O N D S A L E S I N F E B R U A R Y .
The total sales of municipal bonds issued during the
month of February amounted to $5,514,486 and the
aggregate includes the $3,265,587 sold by New York
City. Sales were reported by twenty-nine other cities
and counties, but with five or six exceptions the loans
were small in amount. The report has come again this
month from several municipalities that no satisfactory
bids were received in response to their offerings.
An interesting feature of the sales was the illustra­
tion of the effect of the gold payment clause furnished
by the New York bonds. In January the city failed to
sell 3 per cent currency bonds at par, but last month
similar securities, payable principal and interest in
gold, were subscribed more than four times over and
were disposed of at prices ranging from 100*29 to
103*25.
In the following table we give the prices which were
paid for February loans to the amount of $4,645,486,
issued by 19 municipalities. The aggregate of sales for
which no price was reported is $869,000 and the total
sales for the month $5,514,486. ' In the case of each
loan reference is made to the page of the Chr o n icle
where a full account of the sale is given.
F e b r u a r y B ond Sa l e s.
P age.
L o ca tio n .
R a te.
M a tu rity .
3 6 1 ..
A lb a n y C o., N . Y . . .4
.
1 8 9 6 -1 9 0 1
3 6 1 ..
A lb a n y C o., N. Y ____
4
1 9 0 2 -1 9 0 7
3 6 1 ..
A lb a n y C o., N . Y . . . 4
_
1 9 0 8 -1 9 1 3
3 6 1 ..
A lb a n y C o., N. Y ____
4
M ar. 1 ,1 9 1 4
3 1 3 .. B e a v e r F alla, P a ___
5
1 8 9 6 -1 9 2 5
3 6 1 ..
B en s o n , M in n ..
6
1 8 9 7 -1 9 0 0
4 0 0 ..
C a r ro llto n , K y ...........
6
1 89 6 -1 9 1 5
2 6 8 ..
C a s t le t o n S c b . D is . N o.
4 , R ic k m ’ n d Co., N .Y .
1 8 9 6 -1 9 1 2
3 1 3 . .D u n la p , I o w a ................. 5
3 6 1 ..
FaU R iv e r , M ass. 4
F e b . i , 190 5
3 6 1 ..
F a n R iv e r , M a ss. 4
F e b . 1 ,1 9 2 5
401.
4
A p r . 1 ,1 9 1 5
401.
4 12
1 8 9 6 -1 9 0 0
4 0 1 . G lo v e r s v ille , N . Y . . . . 4 1
2
1 89 6 -1 8 9 8
4 0 1 . G r e a t F a lls S ob. D ist.
6
M ar. 1 ,1 9 1 5
4 0 1 ..
M e n om in ee, M ich .......
5
191 5
4 4 6 ..
M ilw a u k e e , W is.. 5 J a n .,’ 96, t o ’ 15
4 4 6 ..
M ilw a u k ee, W is .. 5 J a n ., ’ 9 6 , t o ’ 15
4 4 6 .. M ilw a u k ee, W is............. 5 J a n .,’ 9 6 , t o ’ 15
3 6 2 ..
M o n tg o m e r y C o., Ohio
1 8 9 7 -1 9 0 2
3 x 4 . . N e w Y o r k C it y , N . Y .. 3
N o v . 1 .1 9 1 4




, ..

A m o u n t.
$ 6 ,0 0 0
6 ,0 0 0
6 ,0 0 0
1 2 ,0 0 0
1 2 3 ,0 0 0
4 ,5 0 0
2 0 ,0 0 0

A w a rd .
101 -6 5
1 03 78
106108*3
1 0 4 -5 3 2
100 4
1 0 3 -6 2 2 2

3 4 ,0 0 0
4 ,2 0 0
1 7 3 ,0 0 0
6 5 ,0 0 0
1 4 ,0 0 0
2 8 ,0 0 0
2 3 ,0 0 0

101*8
100 -7 5
1 02 -2 9 6
1 0 6 -0 9 6
101 -0 7 8
1 0 0 -1 6 0
1 00 -0 0 6

9 0 .0 0 0
4 7 .0 0 0
2 0 0 ,9 0 0
1 0 0 ,0 0 0
1 0 0 ,0 0 0
3 0 ,0 0 0
2 7 ,0 0 0

100 -5 5 5
1 0 5 -7 4 4
1 10 -3 8 5
1 10 -8 4
1 1 0 -3 8 5
103-56623
100-

B o n d P r o p o s a ls a n d N e g o tia tio n s .—W e have re
aeived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Alfred, N. T.—Road bonds to the amount of $3,000 have
been issued.
Ashtabula, Ohio.—( C h r o n i c l e , vol. 58, page 953 and vc-1.
59, pages 37, 438 and 1063.) — The people of this city will soon
vote on issuing $75,000 of bridge bonds.
Atlanta, Mich.—Bonds of this municipality to the amount
of $5,000 will probably be issued.
Bingham ton, N. Y.— ( C h r o n i c l e , vol. 59, page $89.)—
This city will petition the Legislature for authority to issue
bonds for a reservoir estimated to cost $200,000.
Boston, Mass.— ( C h r o n i c l e , wol. 58, page 914; vol. 59,
pages 59, 383, 709, 750 and 1115, and vol. 60,pages 51 and 231.)
—Proposal s will be received until March 13 for tbe purchase
of a $1,500,000 temporary loan dated March 15,1895, and pay­
able Nov. 1, 1895.
Brockton, Mass.—( C h r o n i c l e , vol. 58. pages 611 and 649,
vol. 59, pages 244, 299, 343, 334, 485 and 935, and vol. 60, pages
51 and 231).—Additional sewer bonds of Brockton to the
amount of $250,000 have been authorized.
Brookfield School District, Mo.—( C h r o n i c l e , vol 59, page
1115.)—W e are notified by the clerk of this district tbat $7,000
of schoolhouse bonds voted in December will be offered for
sale in a few weeks. The loan will be dated April 1, 1895, in­
terest at the rate of 6 per cent will be payable semi-annually,
and the bonds will mature in from 6 to 20 years at the option
of the School Board.
Coleman, Texas.—( C h r o n i c l e , vol. 59, page 163).—It is re­
ported that $15,000 of water-works bonds of Coleman are
being offered for sale.
Colnmbns, Ohio.—( C h r o n i c l e , vol. 58, page 692, and vol.
59, pages 201, 345, 384, 439 and 616.)—A call has been issued
for certain street improvement bonds of the c r y of Columbus.
They will be paid on March 15 by draft on New York or
check on the City Treasurer, if forwarded to D. E. Williams,
Clerk of the Trustees of the Sinking Fund. Interest will
cease on the date named for payment.
The next call will probably be issued on September 15,1895.
The last bore date of September 15, 1894.
Corning, N. Y.— A t an election held March 5 the proposi­
tion of issuing $70 ,000 of water-works bonds was voted down,
Dayton, Ky.'—Proposals will be received until April 1st for
the purchase of $134,000 of refunding bonds, the loan to bear
interest at the rate of 5 per cent and to run 20 years.
Essex County, N. J.—The Legislature has authorized
Essex County to issue $2,500,000 of park bonds. The question
will have to be submitted to public vote.
Freeland, M ich .—The people of Freeland voted on Feb­
ruary 27 in favor of issuing $12,000 of bridge bonds.
Fremont, Neb.—An ordinance has been passed calling for a
special election to vote on the question of issuing $100,000 of
refunding bonds.
Fresno, Cal.—(Chronicle, vol. 60, page 36 2.)—The people
of Fresno will vote April 9 on issuing $40,000 o f sewer bonds’
Greensboro, N. C.—A. M. Scales, city clerk, writes the
C h r o n i c l e that Greensboro will petit ion tbe Legislature for
authority to issue $25,000 of electric-lig ht bonds. The report
that authority will probably be asked f or the issuance of ad­
ditional water bonds is incorrect.
Hamilton County, Tenn.—( C h r o n i c l e , vol. 58, page 631.—
It is reported that this county has sold $100,000 of bonds to
Seasongood & Mayer, of Cincinnati, O., for $103,570. Six­
teen bids in all were received for the loan,
Hanover, Kans.—( C h r o n i c l e , vol. 60, page 362.)—Proposals
will be received until March 25, 1895, by Wm. J. Schwartz
for the purchase of A3,000 of 6 per cent water-works bonds,
the loan to mature in not less than ten jfi' r-i nor more than
twenty years. The bonds were authorized by a large m ajor­
ity at an election held February 25.

446

THE CHRONICLE.

[V

ol.

LX.

Havensvilie. Kan.—An election will probably be held to
vote on issuing $2,500 of water works bonds.
Holland, Mich.—An election will soon be held to vote on
issuing $12,000 of electric-light bonds.
H olt County, Neb.—J. P. Mullen, Treasurer, writes the
• hronicle that an election held in this county March 1 to
C
vote on issuing $150.000 of bonds resulted in the defeat of the
proposition by a vote of 6 to 1.
Hudson, N. Y.—On March 1st the city o f Hudson sold 4 per
oent bonds to the amount of $25,000 to the Hudson City Sav­
ings Institution at 103%.
Indiana.—(Chronicle, vol. 59, page 1071.)—State Treasurer
F. J. Scholz reports to the Chronicle that $1,085,000 of In­
diana bonds maturing on April 1st and May 1st will be re­
funded by the issuance of 3% per cent 20-year bonds. It has
not yet been decided when the new securities will be offered
for sale.

signed the bill providing for the funding of the College Land
Grant Fund.

Ithaca, N. Y.—Paving and sewer bonds to the amount of
$150,000 will probably be issued.
Jefferson City, Mo.—Sewer bonds of this city to the amount
of $12,000 have been voted.
Lamar County, Texas.—Court house bonds of this county
to the amount of $90,000 have been sold to local purchasers.
Lincoln, Neb.— ( C h r o n i c l e , vol. 59, pages 710, 890, 936 and
978, and vol. 60, pages 188 and 362.)—Elmer B. Stephenson,
City Treasurer, writes the C h r o n i c l e that $247,000 of refund­
ing bonds of Lincoln offered for sale March 4 were not dis­
posed of. Six bids were received from dealers for 4% per
cent bonds, the best of which offered to sell the securities on a
commission of 2 per cent. The bonds are dated June 1,1894,
are optional after ten years, and payable one-tenth yearly in
from ten to twenty years. They were offered for sale at 4% ,
4% or 5 per cent interest, according to the proposition of the
successful bidder, the same to be payable semi-annually at the
fiscal agency in New York City.

Paterson, N. J.— ( C h r o n i c l e vol. 58, pages 956, 1047 and
1121, and vol. 59, pages 300, 617, 710, 751 and 935).—Id is re­
ported that $20,000 of road bonds of Paterson have been sold
for $20,10450.

Norwood, Ohio.— ( C h r o n i c l e , vol. 58, pages 877, 916, 955,
1004 and 1083; vol. 59, pages 39, 84, 164, 202, 300, 487, 573, 617,
664, 710, 847, 979 and 1156, and vol. 60, p. 232.)—Proposals will
be received until April 4 by W . E. Wichgar, Village Clerk, for
the purchase of 4% percent water-works bonds to the amount
of $15,000.
Oswego County, N. Y.— (C h r o n i c l e , vol. 60, page 239.)—
County Treasurer Thomas Moore reports that on March 2 $12,000 of county bonds due March 1, 1896, 1897 and 1898 were
sold to the First National Bank of Oswego. The remainder
of the loan $28,000, payable at the rate of $4,000 yearly, com­
mencing March 1,1889, will be sold on April 10 in lots to suit
the purchaser.
Palo Alto, Cal.—The people of this municipality will soon
vote on issuing $47,360 of sewer bonds.

Perry County, 111.—Railroad-aid bonds of this county to
the amount of $300,000 have been pronou iced valid by the
Supreme Court of the United States.

Providence, R. I . —A city ordinance has been approved
authorizing the Treasurer to issue notes to the amount of
$400,000 for school purposes. The securities will bear interest
at a rate not to exceed 6 per cent.
Rome, N. Y.— (C h r o n i c l e , vol. 59, pages 84, 202 and 386, and
vol. 60, page 314.)—All bids received on February 18 for
$52.855 45 of 4 per cent registered relief bonds were rejected
and the securities have since been disp ised of at private sale.
Interest will be payable semi-annually on January l and July
1, and the bonds will mature January 1, 1897, $39.000 of the
amount being subject to call as follows : $13 000 not earlier
than July 1, 1895; $13,000 not earlier than January 1, 1896,
Macon, Ga.— (Chronicle vol. 58, page 1047, and vol. 60, and $18,000 not earlier than July 1, 1896.
The city’s bonded debt, not including‘this issue, is $187,000.
pages ,96, 314 and 362.)—An*election will be held March 16 to
Its assessed valuation for 1894 was $5,684,232. The popula­
vote on issuing $130,000 of bonds for public improvements.
Madison, W is.— Proposals will be received until March 20, tion, according to local figures, is about 15,000.
1895, by O. S. Norsnaan, city clerk, for the purchase of $120,Rutland, Y t.— ( C h r o n i c l e , vol. 58, pages 651 and 745.)—
900 4 per cent Madison City refunding bonds. The securities Sewer bonds of Rutland to the amount of $10,000 have been
will be dated April 1,1895, interest will be payable annually recommended.
or semi-annually as the purchaser may desire, and the loan
Santa Clara, California.—Proposals will be received until
w ill become due April 1, 1915. Principal and interest will be May 20 for the purchase of 5 per cent water-works bonds to
payable at the First National Bank o f Madison, the bonds also the amount of $60,000.
to be delivered at that bank. This loan is issued to replace 5
Schenectady, N. Y .— (C h r o n i c l e , vol. 58, pages 916 and
per cent 10-20 year refunding bonds of 1884.
The city’s bonded debt on March 1, 1895, was $247,000; 1005.)—Water-works bonds to the amount of $435,000 have
floating debt, $45 000; total debt, $292,000; sinking fund been authorized by the Legislature.
Seaford, Del.—This municipality will issue bonds to the
$14,502; net debt. $277,498. The total assessed valuation for
amount of $20,000 for water-works.
1894 was $7,264,007.
South Dakota.—The Legislature has passed a bill authoriz­
Madison, Wis.—The City Clerk has been instructed by the
Common Council to ask for bids on $120,000 of 20-year re­ ing the issuance of school fund bonds to the amouQt of $100,000. The securities are to bear interest at a rate not to exceed
funding bonds bearing 4 per cent interest.
Midland Township, N. J .—(Chronicle, vol. 60, page 402.) 5 per cent and are to run for ten years.
Stanton, Mich.— (Chronicle, vol. 60, page 362.)—An elec­
—All bids received on March 2 for $30,000 of 5 per cent road
tion will be held on the first Monday in April to vote on the
bonds were rejected and they are now offered at private sale.
The securities will mature part yearly in from one to twenty- question of issuing electric-light bonds for $5,000. The securi­
five years and will be exempt from taxation. The township ties, if authorized, are to bear 5 per cent interest, and the prin­
has no other indebtedness except a small bond issue for school cipal will mature at the rate of $500 yearly.
property, and its assessed valuation is $526,000; estimated real
Stewart County, Ga.—It is proposed to issue bonds for the
value, $1,500,000.
purpose of building a new court-house iu Lumpkin.
Milwaukee, W is —(Chronicle, vol. 58, pages 877, 916,
Tampa, Fla. —( C h r o n i c l e , vol. 59, page 165.)—Bridge bonds
1003, 1046 and 1083; vol 59, pages 84, 126 and 664, and vol. 60, of this city to the amount of $40,000 will probably be issued.
pages 232 and 314.)—On Feb. 28. 1895, the city of Milwaukee
Troy, N. Y.—( C h r o n i c l e , vol. 59, pages 617 and 634, and
sold $200,000 of city hall bonds, $100,000 of water-works bonds vol. 60, pages 95 and 315.)—Street improvement bonds to the
and $100,000 of school bonds to N.W. Harris & Co., of Chicago. amount of $100,000 have been authorized.
The bids received for the loans were as follows:
Whitehall, Wis.—( C h r o n i c l e , vol. 60, page 314.)—An elec­
B id d ers.
School B onds. W ater B on d s. O ily H a ll B onds.
R . L . D ay & C o..................
$ 1 0 9 ,1 9 9
$ 1 0 9 ,1 9 9
$ 2 1 8 ,3 9 8 tion held February 23 to vote on issuing $3,000 of water works
E . H . R o llin s & Co ........
........... ...
1 0 9 ,6 0 0
2 1 8 ,7 5 8 bonds resulted in favor of the proposition.

2i. T . L e w is ..........................
H a y e s & S o n s .....................
M . L ew is & C o ...................
C. H . W hite & C o .............
N . W. H a rris & C o ..........
F a rs o n , L e a ch & Co , >
T h ir d N at. Bk., B o s to n s
N . Y . L ife In s u ra n c e C o.

.
.
.
.
,

1 0 7 .2 5 0
1 0 7 ,0 2 7
1 0 8 ,9 1 0
1 0 8 ,6 2 5
1 1 0 ,8 4 0

1 0 8 ,0 0 0
1 0 6 ,6 6 6
1 0 8 ,5 7 0
1 0 9 ,4 1 0
1 1 0 ,3 8 5

.
2 1 3 ,3 3 0
2 1 7 ,1 4 0
2 1 6 ,4 0 0
2 2 0 ,7 7 0

. 1 1 0 ,4 2 1

1 0 9 ,9 9 1

2 1 9 ,9 8 2

. 1 0 8 ,0 4 7

1 0 3 ,0 4 7

2 1 6 ,0 9 4

Brewster, Cobb & Estabrook bid for the entire lot $439,240;
«3. A . Kean, for $424,000.
A description of the bonds is given below:
LOANS—
W hen D u e. I S c h o o l B o n d s —

S T A T E AND C IT Y D EBT CHANGES.
We subjoin reports as to municipal debts received since the
last publication of our S t a t e a n d C i t y S u p p l e m e n t .
Some of these reports are wholly new and others cover items
of information additional to those given in the S u p p l e m e n t
and of interest to investors.

C i t y H all B onds —
|5s, J & J , $ 1 0 0 ,0 0 0 , J a n .l , ’ 96 to ’ 15
5 s , J & J ,$ 2 0 0 ,0 0 0 , J a n . 1, ’ 9 6 to ’ 15
($ 5 ,0 0 0 d u e y e a rly .)
($ 1 0 ,0 0 0 d u e y e a rly .)
| W a tb k B on d s—
I 5s, J & J, $ 1 0 0 ,0 0 0 , J a n . 1, ’ 9 6 to T 5
I ($ 5 ,0 0 0 d u e y e a rly .)

Litchfield, Conn.—The financial statement given below
has been corrected b y means of a special report to the C h r o n ­
i c l e from Town Treasurer G . M . W oodruff.
Montgomery, N. Y.— (C h r o n i c l e , vol. 60, page 143.)—
Litchfield is the shire town of Litchfield Countv.
Water-works bonds of this municipality to the amount of
I n te r e s t is p a y a b le in L itch fie ld .
LOAN S—
When Due,
B o n d s a re a ll t a x fre e .
C o u r t H o u se —
$18,000 have been voted.
T o t a l d e b t J a n . 1, ’ 9 5 . . . $ 8 3 ,5 0 0
i ^ s , J u ly 2 8 , $ 3 ,5 0 0 .. .O n d e m a n d
Nebraska City, Nebraska.— (C h r o n i c l e , vol. 59, page 1025.)
T a x v a lu a t io n , r e a l ..........2 ,3 0 6 ,5 2 2
R a il r o a d B on ds—
—An election will probably be held at Nebraska City to vote 6 , J & D , $ 2 0 ,0 0 0 ....... J u n e 1 ,1 9 0 1 T a x v a lu a tio n , p e rs o n a l. 5 4 8 ,3 5 1
T o t a l v a lu a t io n 1 8 9 4 ___ 2 ,8 5 4 ,8 7 3
6s, J & D ,
2 0 ,0 0 0 ... J u n e 1 ,1 9 0 6
on issuing $90,000 o f water-works and electric-light bonds.
A sse ssm e n t a b o u t a ctu a l v a lu e .
6s, J & D ,
2 0 ,0 0 0 ... J u n e 1 ,1 9 1 1
New Y ork.—Governor Morton has signed a bill permitting 5s, J & D ,
T o t a l t a x (p e r $ 1 ,0 0 0 ) ’ 95
$ 1 0 ,0 0
2 0 ,0 0 0 ... J u n e 1 ,1 8 9 6
the people of New York State to vote at the April election on
B o n d s a re a ll s u b je ct t o c a ll fiv e y e a rs b e fo r e d a te o f m a tu r ity .
issuing $9,000,000 of bonds for the improvement of the Erie
PO P U L A T IO N .—P o p u la tio n , in e lu d in g b o ro u g h , in 1 8 9 0 w a s 3 ,3 0 4
Champlain & Oswego canals. Governor Morton has also in 1 8 8 0 w a s 3 ,4 1 0 ; in 1 8 7 0 w a s 3 ,1 1 3 .




s

Mabch 9, 18'i5,J

THE

CHRONICLE.

Boston, J ass.—Nathan Mathews, Jr., Mayor. The follow ­
M
ing statement of Boston’s indebtedness, assessed valuation
and general financial condition has been corrected to Feb. 1,
1895, by means of a special report to the Chronicle from City
Treasurer Alfred T. Turner.
The county of Suffolk, in which Boston is situated, contains
also the city of Chelsea and the towns of Revere and W inthrop. Boston, however, receives all the county income,
pays all the county expenses, owns the county buildings, and
is responsible for the county debt, which amounted on Feb.
1, 1895, to |$3,682,000. The details of this county debt are
included in the following financial report for the city.
LOANS—
When Due.
LOANS—
W hen D u e.

447

I N T E R E S T — W H E R E P A Y A B L E —In t e r e s t o n t h e s te r lin g lo a n s is
a id toy B a r in g B r o th e rs & C o., l ’t ’d, in L o n d o n , o it o th e r iss u e s toy C ity
T re a s u re r in B o s to n .
T O T A L D E B T .—T h e s u b jo in e d s ta te m e n t sh o w s B o s t o n ’ s t o t a l detot,
th e item s o f w h ic h it is m a d e u p , a n d t h e sin k in g fu n d h e ld toy t h e c it y
a g a in s t t h e sam e, o n th e d a te s in d ica te d .
Feb. 1 ,1 8 9 5 .
Feb. 1 ,1 8 9 4 . Feb. 1 ,1 8 9 3 .
$ 3 3 ,6 0 2 ,2 6 1
$ 3 6 ,0 8 1 ,3 7 4
C ity d e b t p r o p e r ....................... $ 3 7 ,8 9 0 ,6 9 1
C o ch itu a te w a t e r d e b t .......... 1 7 ,7 6 1 ,2 7 4
1 7 ,0 5 5 ,2 7 4
1 6 ,7 5 8 ,7 7 4
M y s tic w a te r d e b t .................
..............
1 0 2 ,0 0 0
4 4 1 ,0 0 0
........ ..
..............
5 1 ,0 0 0
C h a rle sto w n detot...................
C o u n ty d e b t . . ..................
3 ,6 8 2 ,0 0 0
3 ,6 5 9 ,0 0 0
3 ,5 7 6 ,0 0 0
T o t a l b o n d e d d e b t ........... $ 5 9 ,3 3 3 ,9 6 5
S in k in g fu n d s , & e................... 2 2 ,2 0 2 ,5 4 1

$ 5 4 ,4 1 8 ,5 3 5
2 0 ,4 8 2 ,2 9 7

$ 5 6 ,9 0 8 ,1 4 8
2 5 ,4 7 7 ,6 8 2

N e t d e b t ...................
$ 3 7 ,1 3 1 ,4 2 4
$ 3 3 ,9 3 6 ,2 3 8
$ 3 1 ,4 3 0 ,4 6 6
T h e fo llo w in g t a b le sh o w s t h e a m o u n t o f t h e g r o ss fu n d e d d e b t
S e w e r a g e B o n d s — (C o n t.)—
B r id g e B on ds—
4 s, J & J, $ 3 5 0 ,0 0 0 ___J an . 1 ,1 9 1 2
s in k in g fu n d s a n d t h e n e t d e b t f o r th e la s t fifte e n y e a r s :
4s, A & O , $ 1 6 0 ,0 0 0 ...O ct. 1 ,1 9 1 1
5 0 ,0 0 0
J u ly 1 ,1 9 1 4
4s, J& J,
1 8 0 ,0 0 0 .. .J a n . 1 ,1 9 1 2 4s, J & J,
G ross Debt.
S in k in g F u n d s.
Tears.
N et Debt.
3*28,A & O , 2 5 0 , 0 0 0 ...O ct. 1 ,1 9 1 7 3 *28, J & J , 1 0 0 ,0 0 0 ___J u ly 1, 1 90 5
$ 5 9 ,3 3 3 ,9 6 5 0 0
$ 2 2 ,2 0 2 ,5 4 1 0 0
1895.
$ 3 7 ,1 3 1 ,4 2 4 00
3 *28, J & J , 5 0 , 0 0 0 . . . . J a n . 1 ,1 9 0 6 1 8 9 4 .
G e n e r a l T en Y e a r L o a n 5 4 ,4 1 8 ,5 3 5 0 0
2 0 ,4 8 2 ,2 9 7 0 0
3 3 ,9 3 6 ,2 3 8 00
48, J & J , $ 1 ,1 8 5 ,0 0 0 ... J a n . 1 ,1 8 9 9 3*28, A & O ,3 5 9 ,0 0 0 ___O ct. 1 ,1 9 0 6
5 6 ,9 0 8 ,1 4 8 0 0
2 5 ,4 7 7 ,6 8 2 0 0
1893.
3 1 ,4 3 0 .4 6 6 00
3 *28, J & J , 5 0 0 , 0 0 0 ... .J u ly 1 ,1 9 1 9 1 8 9 2 .
H ig h w a y s —
5 6 ,0 0 3 ,9 9 7 0 0
2 5 ,4 8 3 ,7 3 7 0 0
3 0 ,5 2 0 ,2 6 0 00
A s, J& D, $ 5 0 ,0 0 0 ... .J u n e 1 ,1 9 0 1 3s. J & J , 3 0 9 , 0 0 0 . . . .J u ly 1 ,1 9 0 5 1 8 9 1 .
5 5 ,8 6 1 ,9 8 0 0 0
2 4 ,1 3 9 ,9 9 5 0 0
3 1 ,7 2 1 ,9 8 5 00
St o n y B r o o k ,& c ., I m p . B o n d s — 1 8 9 0 .
4s, A &O ,
2 5 ,8 0 0 ... .A p r . 1 ,1 9 0 2
5 3 ,9 3 0 ,0 9 5 2 2
2 2 ,5 0 5 ,5 9 8 7 2
3 1 ,4 2 4 ,4 9 6 50
4 s, A & O , $ 5 0 0 ,0 0 0 ... .O ct. 1 .1 9 1 7 1 8 8 9 .,
4s, J& J,
3 1 , 0 0 0 .. .. J u ly 1 ,1 9 1 2
4 9 ,9 2 0 ,4 7 5 25
2 1 ,8 2 0 ,6 4 6 7 0
2 8 ,0 9 9 ,8 2 8 55
3 0 , 0 0 0 .. .. O ct. 1 ,1 9 1 3 1 8 8 8 .
4 s , A & O , 2 4 3 , 2 0 0 ... .O ct. 1 ,1 9 1 2 4 s, A & O ,
4 8 ,9 9 3 ,8 0 3 4 5
2 1 ,2 8 7 ,2 5 4 7 6
2 7 ,7 0 6 ,5 4 8 69
S t r e e t , E t c ., B o n d s —
4 s , J & J , 1 5 0 ,0 0 0 ... .J a n . 1 ,1 9 1 3
4 6 ,7 9 9 ,9 6 2 7 2
1 9 ,9 4 6 ,8 1 0 9 4
2 6 ,8 5 3 ,1 5 1 78
1887.
4 s, J & J , 3 5 0 ,0 0 0 ... .J u ly 1 ,1 9 1 3 5 s g , J & J ,£ 4 1 7 ,0 0 0 ____J u ly 1 ,1 8 9 9 1 8 8 6 .
4 3 ,6 2 8 ,3 2 2 0 4
1 8 ,4 0 9 ,4 3 3 51
2 5 ,2 1 8 ,8 8 8 53
2 5 ,0 0 0 ---J u ly 1 ,1 8 9 6 1 8 8 5 .
4 s , A & O , 1 5 0 , 0 0 0 ... .O ct. 1 ,1 9 1 3 4 s, J & J,
4 2 ,9 6 2 ,1 8 0 0 2
1 8 ,0 2 2 ,4 8 4 2 5
2 4 ,9 3 9 ,6 9 5 77
4 s , A & O , 5 0 0 ,0 0 0 ... .A p r. 1 ,1 9 1 4 4s, A & O , 7 7 0 , 0 0 0 ... .O ct. 1 ,1 9 1 1 1 8 8 4 .,
4 3 ,1 8 5 ,6 6 9 0 7
1 6 ,4 7 6 ,8 7 1 22
2 6 ,7 0 8 ,7 9 7 85
4 s, A & O ,
2 5 , 0 0 0 .. . .O ct. 1 ,1 9 1 2 1 8 8 3 .,
L i b r a r y B o n d s—
4 1 ,1 8 4 ,3 5 8 12
1 6 ,1 5 6 ,7 9 5 4 3
2 5 ,0 2 7 ,5 6 2 69
4 s, J& J,
$ 2 5 ,0 0 0 .. .J a n . 1 ,1 8 9 6 4 s, A & O , 2 6 0 ,5 0 0 ... .A p r . 1 .1 9 1 3 1 8 8 2 .,
4 0 ,0 7 9 ,3 1 2 0 4
1 5 ,6 3 3 ,2 2 9 3 7
2 4 ,4 4 6 ,0 8 2 67
-----2 5 ,0 0 0 ... J u ly 1 ,1 8 9 6 4s, J & J ,
5 0 ,0 0 0 __ J a n . 1 ,1 9 1 4 1 8 8 1 ..
4 s , J& J,
4 0 ,9 4 9 ,3 3 2 18
1 4 ,5 1 1 ,8 4 9 19
2 6 ,4 3 7 ,4 8 2 99
1 0 0 ,0 0 0 __J u ly 1 ,1 9 1 4
4s, A&O ,
3 9 0 .0 0 0 . . . O ct. 1 ,1 8 9 6 4 s, J & J,
2 9 7 .0 0 0 . . . J u ly 1 ,1 9 0 0 4 s, A & O , 1 0 0 , 0 0 0 ... .O ct. 1 ,1 9 1 4
4 s , J & J,
D E B T L I M I T A T I O N S .—T h e g e n e ra l p r o v is io n as t o d e b t lim ita^
5 0 ,0 0 0 ... .O c t . 1 ,1 9 1 4 t io n w h ic h a p p lie s o n ly to B o s t o n is fo u n d in th e S u p p le m e n t t o th e
1 4 .0 0 0 .
. . 0 .t .,
1 94s, A & O ,
00
4s, A & O ,
4s, A&O ,
1 8 9 .0 0 0 . . . J a n . 1 ,1 9 0 1 3*48, J & J , 6 2 4 , 0 0 0 ... .J u ly 1 ,1 8 9 6
1 4 6 ,0 0 0 __J a n . 1 ,1 8 9 6 P u b lic S ta tu tes o f M a ssa ch u setts, L a w s o f 1 8 8 5 , C h a p te r 1 7 8 . T h e
4 s , A & O , 1 7 5 .0 0 0 . . . O ct. 1 ,1 9 2 2 3s, J & J,
2 0 0 .0 0 0 . . . J an . 1 ,1 9 2 3 3 s, A & O , 2 1 3 , 0 0 0 ... .A p r. 1 ,1 8 9 6 a c t is e n title d “ A n a c t t o lim it th e m u n ic ip a l d e b t o f, a n d th e r a t e o f
4 s , J& J.
4 s , A & O , 325,< 0 0 . . . O ct. 1 , 1923 3 s, J & J , 1 7 5 ,0 0 0 ... .J u ly 1 ,1 8 9 6 “ t a x a tio n in , th e c it y o f B o s t o n .”
1 0 0 .0 0 0 . . . O ct. 1 ,1 9 2 4 3s, A & O ,
5 5 ,0 0 0 . . . O ct. 1 ,1 8 9 6
4s, A&O ,
S e c t io n 1—P r o v id e s th a t th e t a x e s e x c lu s iv e o f S ta te t a x a n d o f
4 9 . 5 0 0 ..
. J a n . 1 ,1W2 5 e r D e b t —
9 at
4 s, A & O ,
sum s re q u ire d b y la w to b e ra ise d o n a c c o u n t o f th e c it y d e b t s h a ll
C ocM tu a te W a ter—
, „ « 0 J,
3*28, ,J &.« , 5 0 0 , 0 0 0 ...J u ly 1 ,1 8 9 9
n o t e x c e e d in a n y o n e y e a r $ 9 o n e v e r y $ 1 ,0 0 0 o f th e a v e ra g e o f th e a s ­
1M is c e l l a n e o u s ” L o a n s —
6s, J & J , $ 5 0 0 ,0 0 0 ... .D e c .1 2 ,1 8 9 7
4 s , A & O , $ 4 0 9 ,5 0 0 ...O ct.,
1 89 6 6s, J & J , 4 5 0 , 0 0 0 . . . . J ’n e 1 6 ,1 8 9 8 s e sso rs’ v a lu a tio n fo r th e p re c e d in g fiv e y e a rs, th e v a lu a t io n y e a r
&r
4 s, J & J ,
5 7 4 ,0 0 0 ...Jan . 1 ,1 9 0 0 6 s, A| iO , 5 4 0 , 0 0 0 . . . . O ct. 3 ,1 8 9 8 to y e a r b e in g firs t re d u c e d b y a ll a ba tem en ts.
|
4 s, A&O,
6 7 0 ,0 0 0 ... O ct. 1 ,1 9 0 0 6s, A & O , 2 5 0 .0 0 0 . . . . A p r.2 7 ,1 8 9 9 S e c t io n 2—P r o v id e s th a t th e lim it o f in d e b te d n e ss o f th e c i t y o f
4 s, J & J ,
4 6 0 ,0 0 0 .. .J a n . 1 ,1 9 0 1 6s, J & J , 6 2 5 .0 0 0 . . . . J an . 1 ,1 9 0 1 B o s to n s h a ll h e r e a fte r b e 2*2 p e r c e n t u n til J a n u a ry 1 ,1 8 8 7 , a n d th e r e ­
4 s , A & O , 1 ,5 9 9 ,7 2 5 ... A p r. 1 ,1 9 1 2 6s, A & O , 6 8 8 .0 0 0 . . . . A p r. 1 ,1 9 0 1 a fte r sh a ll b e 2 p e r ce n t o n th e a v e ra g e v a lu a t io n p r e s c r ib e d in s e c t io n
4 s , A & O , 1 ,1 6 4 ,1 0 0 ...A p r . 1, 1913 6 s , J & J , 3 3 0 .0 0 0 . . . . J u ly 1 ,1 9 0 1 1 o f th is act.
4 s, A & O , 1 ,3 5 0 ,0 0 0 ...A p r. 1 ,1 9 1 3 6s, J & J , 1 0 0 .0 0 0 . . . . J u ly 1 ,1 9 0 2 T h e fo r e g o in g lim it a tio n is o f co u r s e e x c lu s iv e o f d e b ts cr e a te d f o r
4 s, A&O,
5 9 9 ,8 0 0 .. .O ct. 1 ,1 9 1 4 6s, A & O , 9 0 5 .0 0 0 . . . . A p r. 1 ,1 9 0 3
3*28, J & J, 5 0 0 ,0 0 0 .. .J u ly 1 ,1 8 9 9 6s, J & J ,
8 .0 0 0 .
. . . J an . 1 ,1 9 0w a t e r s u p p ly .
4
3*28, A & O ,1 ,0 3 7 ,0 0 0 .. .O ct. 1 ,1 8 9 9 6 s, A & O ,
3 8 .0 0 0 .
. . . A p r. 1 ,1 9 0 4 A n o th e r e x c e p t io n is fo u n d in L a w s o f 1 8 8 6 , C h a p ter 3 0 4 —w h ic h a c t
P a r k B o n d s—
6s, J & J , 1 6 1 .0 0 0 . . . . J an . 1 ,1 9 0 5 a u th o riz e s a lo a n f o r $ 5 0 0 ,0 0 0 e a ch y e a r to a t o t a l a m o u n t n o t t o
4 s, A & O , $ 2 0 0 ,0 0 0 ...O c t 1 ,1 9 0 0 6 s, A & O , 1 4 2 . 7 0 0 .. . . A p r. 1 ,1 9 0 5
e
-----3 4 3 ,0 0 0 ... J a n . 1 ,1 9 1 3 6s, J & J ,
4' s , J& J,
4 4 .0 0 0 .
. . . J u ly 1 ,1 9 0 5 x c e e d $ 2 ,5 0 0 ,0 0 0 , f o r th e c o n s tr u c tio n o f a p u b lic p a rk . S e ctio n 4 o f
4 s, A & O
9 1 3 .0 0 0 . . . A p r. 1 ,1 9 1 3 6s, A & O ,
6 .0 0 0 .
. . . O ct. 1 ,1 9 0th is a ct p ro v id e s th a t th e d e b t a u th o riz e d s h a ll n o t b e in clu d e d w ith in
5
5 0 0 .0 0 0 . . . J a n .,
1 9 1 4 6s, J & J ,
4 s, J& J,
8 2 . 5 5 0 .. . . J an . 1 ,1 9 0 6 th e lim it fix e d b y s e c tio n 2, ch a p te r 1 7 8 a b o v e cited .
7 5 .0 0 0 . . . A p r. 1 ,1 9 1 4 6s, A & O ,
4s, A&O ,
8 .7 5 0 ..
. . A p r .,
1 90 6
A fu r th e r e x c e p t io n is fo u n d in L a w s o f 1 8 8 7 , C h a p te r 3 1 2 , w h ic h
6s, A & O
4s, A&O ,
5 0 0 .0 0 0 .
.. O ct. 1 ,1 9 1, 4
4 .0 0 0 . . . . 0 . t . , 1 90 6
au
4 s, J & J , 1 ,0 0 0 ,0 0 0 ...J a n . 1 ,1 9 2 5 6s, J & J ,
8 .0 0 0 .
. . . J a n .,
190 7 th o rize s $ 4 0 0 ,0 0 0 b o n d s iss u e d f o r th e p u r p o s e o f p a y in g f o r la n d s
3*28, A & O ,
2 0 ,0 0 0 ... A p r. 1 ,1 9 1 6 6 s, A & O ,
5 .0 0 0 .
. . . A p r .,
1907 a d y a cq u ire d f o r p u b lic p a rk s
a lre
a d d in g (in s e c tio n 3) th a t th e
3*28, A & O ,
5 5 , 0 0 0 .. .O ct. 1 ,1 9 1 6 6s, J & J ,
1 .0 0 0 .
. . . J u ly ,
1 90 7
3*48, A & O , 2 9 , 0 0 0 .: .0 o t . 1 ,1 9 1 5 5g, A & O , £ 3 9 9 ,5 0 0 ... .O ct. 1 ,1 9 0 2 d e b t a u th o riz e d s h a ll n o t b e in c lu d e d w ith in th e lim it fix e d as a b o v e .
S till a n o th e r e x e m p t io n t o th is d e b t lim ita tio n is fo u n d in L a w s o f
P a r k C o n s t r u c t io n —
5 g, A & O , $ 5 5 2 ,0 0 0 ... .A p r. 1 ,1 9 0 6
4 s ,J & J .
$ 4 5 0 ,0 0 0 .. .J a n . 1 ,1 9 1 8
5 g , A & O ,1 ,0 0 0 ,0 0 0 .... O ct. 1 ,1 9 0 5
1 88 8 , C h a p ter 3 9 2 , w h ic h a c t a u th orizes, f o r th e p u rp o s e o f p u rch a se
4s, A&O ,
'
'
5 ,0 0 0 . .. A p r ., 1 91 8 5 g, A & O ,2 ,0 0 0 ,0 0 0 .... O ct. 1, 1906
in g su ch a d d itio n a l la n d s f o r its p u b lic p a rk s as th e P a r k C om m ission ­
5 .0 0 0 .
. . J u ly ,
191 8 A & O ,
4 s, J& J,
5s,
1 ,0 0 0 ___O ct. 1 ,1 9 0 7
ers s h a ll d e e m n e c e ss a r y , th e issu e o f b o n d s n o t e x c e e d in g $ 6 0 0 ,0 0 0 ,
4 s , A&O,
4 0 .0 0 0 .
. . O ct.,
1 91 8 A & O ,
5s,
1 2 ,0 0 0 ___ A p r .,
1908
4 s, J & J,
4 8 8 . 5 0 0 .. . J an . 1 ,1 9 1 9 4*2g, A & O , 2 6 8 , 0 0 0 ... . O ct. 1 ,1 9 0 9 a d d in g th a t th is issu e o f b o n d s s h a ll b e co n s id e re d o u ts id e th e d e b t
8 .0 0 0 .
. . A p r ., 1 91 9 A & O , 5 8 8 , 0 0 0 ... .A p r. 1 ,1 9 0 8
4 s, A&O,
4 s,
3 .5 0 0 . .
. J u ly ,
1 914 s, J & J ,
9
4 s , J& J,
8 2 .0 0 0 . . . . J u ly 1 ,1 9 0 9 lim it fix e d as a b o v e .
I n a d d itio n t o th e fo r e g o in g , w h ic h c o v e r s p e c ia l a u th o riz a tio n s o f
4 3 9 . 5 0 0 .. . Jan . 1 ,1 9 2 0 4 s, A & O , 2 8 0 ,0 0 0 ___ A p r. 1 ,1 9 1 0
4 s , J& J,
4 s , J & J,
1 6 . 4 0 0 .. . J u ly ,
1 92 04 s, A & O , 3 2 4 .0 0 0 . . . . A p r. 1 ,1 9 1 2 b o n d issu es b y th e le g is la tu re f o r p a rk p u rp o s e s, & c., n o t in c lu d e d in
4s, A&O ,
4 4 .1 0 0 .. . 0 . t . ,
1 9 2 0 4 s, J & J , 1 1 1 .0 0 0 . . . . J u ly 1 ,1 9 1 3
4 s , J & J,
5 0 0 .0 0 0 . . . J a n . 1 ,1 9 2 1 4s, A & O , 3 3 6 .0 0 0 . . . . 0 . t . 1 ,1 9 1 3 th e d e b t lim it, th e re a re a n u m b e r o f o th e r la w s, o f w h ic h w e m a k e a
,
5 0 0 .0 0 0 .
. . Jan .4s, J& J, 4 6 6 .0 0 0 . . . . J an . 1> 1 9 1 4 b r ie f m e n tio n b e lo w .
1, 193 7
3*28, J & J
4s, A & O ,
P a r k L o a n o f M a y 2 0 ,1 8 9 1 —
1 8 . 5 0 0 .. . . A p r. 1 ,1 9 1 4 C h a p ter 1 0 1 L a w s o f 1 8 8 7 a n d C h a p te r 2 8 8 L a w s o f 1 8 9 2 a u th o r ­
4 s, J & D , $ 7 0 0 ,0 0 0 ... .J u n e 1 ,1 9 2 1 4 s, A & O ,
1 6 ,0 0 0 ___ O ct. 1 .1 9 1 4 iz e d lo a n s fo r th e S u ffolk C o u n ty C o u rt H o u se .
4 s , A & O , 2 0 0 , 0 0 0 ... .A p r. 1 ,1 9 2 2 4 s, J & J ,
5 0 .0 0 0 . . . . J an . 1 ,1 9 1 5
C h a p ter 2 8 2 L a w s o f 1 8 8 7 a u th o riz e d $ 2 5 0 ,0 0 0 f o r N e w H a r v a r d
4 s , A & O , 3 0 1 , 0 0 0 ... .O ct. 1 ,1 9 2 2 4 s, A & O , 1 4 5 .7 0 0 .. . . A p r. 1 ,1 9 1 5
4 s , J & J , 2 5 0 , 0 0 0 ... . J a n . 1 ,1 9 2 3 4s, A & O ,
2 3 .0 0 0 .
. . . O ct. 1 ,1 9 1 5B rid g e .
4 s , J & J , 5 0 0 ,0 0 0 ... .J u ly 1 ,1 9 2 3 4 s, J & J ,
5 8 .0 0 0 .
. . . J a n . 1 ,1 9 1 6
C h a p ter 3 9 4 L a w s o f 1 8 8 7 a u t h o r iz e d n o t e x c e e d in g $ 7 5 ,0 0 0 f o r S to n y
4 s , A & O , 4 5 0 , 0 0 0 . . . . O ct. 1 ,1 9 2 3 4s, A & O , 1 2 8 . 5 0 0 .. . . A p r. 1 ,1 9 1 6
4 s, J & J ,
9 9 , 0 0 0 .. . .J a n . 1 ,1 9 2 4 4s, A & O , 2 8 6 .3 0 0 .. . . O ct. 1 ,1 9 1 6 B r o o k S ew er.
4 s, J & J ,
4 s, A & O ,1 ,0 0 0 , 0 0 0 .. ..O ct. 1 ,1 9 2 4
2 1 .0 0 0 .
. . . J a n .,
1917 C h a p ter 3 2 2 L a w s o f 1 8 8 9 a u th o riz e d n o t e x c e e d in g $ 5 0 0 ,0 0 0 t o e x ­
P u b . I n st ’ s a n d C i t y H o s p it ’ l — 4 s, A & O . 1 6 1 .0 0 0 . . . . A p r .,
1917 te n d im p r o v e d se w e ra g e system .
4 s , A & O , $ 1 3 6 ,5 0 0 ...O ct. 1 ,1 9 1 1 4 s, J& J,
7 .0 0 0 .
. . . J u ly 1 ,1 9 1 7
C h a p ter 68 L a w s o f 1 8 8 9 a u th o riz e d $ 1 ,0 0 0 ,0 0 0 t o c o m p le te th e n e w
4 s , J & J,
2 0 0 ,0 0 0 .. .J u ly 1 ,1 9 1 2 4 s, A & O , 1 6 0 .7 0 0 .. . . 0 . t . 1 ,1 9 1 7
4s, A&O,
9 2 , 0 0 0 .. .O ct. 1, 191 2
4 s, J & J ,
2 0 .0 0 0 .
. . . J a n .,
1918 u b lic L ib r a r y b u ild in g .
P
3*48, J & J,
8 0 , 0 0 0 .. .J an . 1 ,1 8 9 6 4 s, A & O ,
6 .3 0 0 . .
. . A p r ., 191 8
C h a p ter 2 5 4 L a w s o f 1 8 8 9 a u th o riz e d n o t e x c e e d in g $ 7 5 ,0 0 0 t o e x t e n d
P a r k L an ds—
4 s, A & O , 1 0 0 .0 0 0 . . . . 0 . t . 1 ,1 9 1 8
4 s, J & J ,$ 1 0 0 ,0 0 0 .... J u ly 1 ,1 9 2 4 4 s, A & O , 2 0 0 .0 0 0 . . . . A p r. 1 ,1 9 1 9 W e st C h ester P a rk t o H a r v a r d B rid g e .
4 s , A & O , 1 0 0 , 0 0 0 ... .O ct. 1 ,1 9 2 4 4 s , A & O , 3 0 0 .0 0 0 . . . . O ct. 1 ,1 9 1 9
C h a p ter 2 83 L a w s o f 1 8 8 9 a u th o riz e d $ 5 0 0 ,0 0 0 f o r e x te n s io n , & c.,
3*28,J & J, 4 0 0 , 0 0 0 ... .J u ly 1 ,1 9 1 7 4 s, A & O , 3 8 4 .0 0 0 . . . . O ct. 1 ,1 9 2 0
3*28,J& J, 6 0 0 , 0 0 0 ... .J an . 1 ,1 9 2 0 4 s, A & O , 1 0 0 .0 0 0 . . . . A p r. 1 ,1 9 2 1 o f C on gress, O liv e r a n d o th e rstre e ts.
R a p i d T r a n s it 4 s, A & O , 1 6 2 .5 0 0 .. . . 0 . t . 1 ,1 9 2 1
C h a p ter 2 7 1 L a w s o f 1 8 9 0 a n d a m en d ed ch a p te r 4 4 4 L a w s o f 1 8 9 0
48, A & O , $ 6 0 ,0 0 0 ..-.. O ct. 1 ,1 9 3 4 4 s, J & J , 2 0 0 .0 0 0 . . . . J an . 1 ,1 9 2 2
a u th o rize d $ 2 0 0 ,0 0 0 f o r p u b lic p a rk s in C h a rlestow n .
s c h o o l H o u se s & S i t e s , 1 8 9 1 — 4s, A & O , 1 5 0 .0 0 0 . . . . A p r. 1 ,1 9 2 2
C h a p ter 3 0 1 L a w s o f 1 8 9 1 a u th o riz e d $ 3 ,5 0 0 ,0 0 0 f o r p a rk s.
4 s, A & O , $ 5 0 0 ,0 0 0 ... .A p r. 1 ,1 9 1 1 4 s, A & O , 4 0 7 .0 0 0 . . . . 0 . t . 1 ,1 9 2 2
4 s , A & O , 2 5 0 , 0 0 0 ... .O ct. 1 ,1 9 1 4 4 s, A & O ,
1 4 . 5 0 0 .. . . 0 . t . 1 ,1 9 2 3 C h a p te r 3 2 4 L a w s o f 1 8 9 1 a u th o riz e d $ 1 ,0 0 0 ,0 0 0 f o r lib r a r y .
Se w e r a g e B on ds—
4s, A & O , 7 0 6 .0 0 0 .
. . . O ct. 1C h9 2 1 r 3 23 L a w s o f 1 8 9 1 a u th o riz e d lo a n s f o r h ig h w a y s .
,1 a p te
6 s , A & O , $ 3 0 , 0 0 0 . . . . O ct. 1 ,1 8 9 7 3*gs, A & O , 5 0 , 0 0 0 . . . . A p r. 1 ,1 9 1 5
C h a p te r 2 8 8 L a w s o f 1 8 9 2 a u th o riz e d $ 1 0 0 ,0 0 0 f o r Co. C t. H o u s e .
I
m O
5 s , A &m , 1 4 5 , 0 0 0 ... .O ct. 1 ,1 8 9 7 3*ss, A & O , 5 0 , 0 0 0 . . . . O ct. 1 ,1 9 1 5
3 2 .0 0 0 . .. . A p r . 1 ,1 8 9 9 3*ss, J & J , 1 0 0 , 0 0 0 ... .J an . 1 ,1 9 1 6
5 s, A&O,
C h a p ter 4 7 8 L a w s o f 1 8 9 3 a u th o riz e d $ 2 ,0 0 0 ,0 0 0 f o r s u b w a y .
1 7 .0 0 0 .
. . . A p r. 1 ,1 9 0 0
5s, A&O,
3*28, J & J , 7 5 , 0 0 0 . . . . J u ly ,
191 6
C h a p te r 5 4 8 L a w s o f 1 8 9 4 a u th o riz e d $ 7 ,0 0 0 ,0 0 0 f o r ra p id tra n sit.
1 8 .0 0 0 .
. . . 0 . t . 1 ,1 9 0 0
5 s, A&O,
3*28,A & O , 2 5 , 0 0 0 . . . . O ct.,
191 6
N E W L O A N S A U T H O R I Z E D .—T h e f o llo w in g is a s u m m a ry o f
4 s , A & O , 1 0 0 .0 0 0 . . . . O ct. 1 ,1 8 9 7 3*28, A & O ,2 7 5 , 0 0 0 ... .A p r. 1 ,1 9 1 7
. . . 0 c t 3*28, J& J, 1 0 0 , 0 0 0 ... . J u ly 1 ,1 9 1 8 lo a n s a u th o riz e d b u t n o t iss u e d o n M a rc h 1 , 1 8 9 4 :
. 1 ,1 8 9 8
4 s , A & O , 1 0 0 .0 0 0 .
4 s ; J & j ; i , 0 0 0 , 0 0 0 . . . . J a n . 1 ,1 8 9 9 3*28,M & N ,1 3 0 , 0 0 0 ....N o v .3 0 ,1919
I n s id e
O u tside
4 s , A & O ,1 ,2 5 0 ,0 0 0 . ..A p r . 1 ,1 9 0 0 3*28, A & O ,1 4 5 , 0 0 0 ... .O ct. 1 ,1 9 1 9
P u rpose o f Issu e—
D eb t IA m it.
D e b t L im it.
4s, J & J ,
2 4 , 0 0 0 . . . . J an . 1 ,1 9 0 1 3*28, J & J ,2 2 0 ,0 0 0 ... .J a n . 1 .1 9 2 0 A d d itio n a l s u p p ly o f w a t e r ....................................
$ ..............
$ 6 ,0 0 0
‘ "|
5 , 0 0 0 . . . . A p r. 1 ,1 9 0 1
4' s , A & O ,
3s, A & O , 2 0 0 ,0 0 0 ... .A p r . 1 ,1 9 1 7 P u b lic p a r k s ........................................................................................
1 ,0 0 0 ,0 0 0
1 0 .0 0 0 .
. . . O ct. 1 ,1 9 0 1
S u f f o l k Co u n t y D e b t .
4 s, A&O,
L ib ra ry b u ild in g , D a rtm o u th S tr e e t..........................................
3 0 0 ,0 0 0
8 .0 0 0 . . . . J a n . 1 ,1 9 0 2 C o u rt H o u s e B o n d s 4s, J & J ,
A d d it io n a l s u p p ly o f w a t e r ...................................
2 ,5 0 0 ,0 0 0
4 s , A & O , 3 1 7 .0 0 0 . . . . A p r. 1 ,1 9 0 2 48, A & O , $ 7 0 0 ,0 0 0 .... O ct. 1 ,1 9 1 8 P u b lic p a rk s, W a rd s 6 a n d 7 .............................. .
3 5 0 ,0 0 0
..............
4 0 6 ,0 0 0 ___ J u l y l , 192 2
4 s , A & O , 6 2 7 . 5 0 0 .. . . 0 c t . 1 ,1 9 0 2 4 s, J & J ,
V a rio u s m u n icip a l p u rp o s e s, 1 8 9 3 ..................... 1 ,3 5 0 ,0 0 0
2 2 . 5 0 0 .. . .J a n . 1 ,1 9 0 3 3*28, A & O ,8 0 0 , 0 0 0 ... .O ct. 1 ,1 9 1 9 C o m m o n w e a lth A v e n u e , e x t e n s io n .....................
4 s, A & O ,
2 0 0 ,0 0 0
.............
7 5 ,O O O ....O o t. 1, 192 3 L a y in g o u t a n d co n s t r u c tio n o f h ig h w a y s ............................
4 s , A & O , 5 0 0 .0 0 0 . . . . A p r. 1 ,1 9 0 3 4 s, A & O ,
5 0 0 ,0 0 0 4 0 ,0 0 0 .. . . J u l y 1 ,1 9 2 4 C ru sh ed s to n e f o r s tr e e t im p r o v e m e n ts ...........
4 s , A & O , 2 5 1 .0 0 0 . . . . 0 c t . 1 ,1 9 0 3 4 s, J & J ,
5 0 ,0 0 0
.......... . .
4 s , J & J , 5 0 0 .0 0 0 . . . . J a n . 1 ,1 9 0 4 3 *28, A & O ,8 0 0 , 0 0 0 ... .A p r. 1 ,1 9 3 7
P u b lic p a r k s .................................................................
5 0 0 ,0 0 0
..............
9 7 .0 0 0 . . . .J u ly 1 ,1 9 0 4 3 *28, J & J , 1 0 0 , 0 0 0 ... .J u ly 1 ,1 9 3 8 N e w b u ild in gs, C ity H o s p it a l................................
4s, J & J ,
3 0 0 ,0 0 0
.......... ..
5 0 .0 0 0 .
. . . O ct. 1 ,1 9 0 4 s, A & O , 6 9 7 , 0 0 0 . . . . O ct. 1 ,1 8 9 5 S ch o o ls ...................................................... ............... .
3
4s, J & J ,
2 5 0 ,0 0 0
..............
5 0 .0 0 0 .
. . . J a n . 1 ,1 9 0 5 1 7 ,0 0 0 d u e y e a rly ) to O ct. 1 ,1 9 3 5 C h a rle sto w n B r id g e ...................................................
($
4 s, J & J ,
7 5 0 ,0 0 0
____ . . .
5 1 ,5 0 0 ___ O ot. 1 ,1 9 0 6
M is c e l l a n e o u s B o n d s 4 s, A&O,
1 89 9
4LS, A & O , 6 7 4 .0 0 0 . . . . 0 c t 1 ,1 9 1 1 48, J & J , $ 6 4 ,0 0 0 ___ J a n .,
T o ta ls.
.$3,750,000
$4,306,000




448

THE CHRONICLE.

BORROWING POWER.—T h e c it y ’ s b o r r o w in g p o w e r F e b r u a r y 1,
1 8 9 5 , is s h o w n in th e fo llo w in g s t a t e m e n t :

Philadelphia, Pa.—Edwin S. Stuart, Mayor. The follow­
ing statement of Philadelphia’s debt, valuation, &c., has been
corrected by means of a special report to the C h r o n i c l e from
City Comptroller T. M. Thompson.
Philadelphia, co-extensive with the county of that name, is
the third city of the United States, has an area of over 130 sq.
miles, and includes a number of places which have almost the
character of separate towns. The county is under city control
and has no separate debt. In the following table the various
issues of bonds under the general heads Taxed City Loan and
Untaxed City Loan are given in the order of their dates of
maturity:

T o t a l d e b t, c it y a n d c o u n t y ..........................................................$ 5 9 ,3 3 3 ,9 6 4 93
L e s s s p e c ia l lo a n s (ou tsid e o f lim it)....... $ 1 2 ,3 4 9 ,5 0 0 0 0
d o c o u n t y lo a n s (ou tsid e o f lim it )
2 ,9 2 1 ,0 0 0 0 0
d o C o ch itu a te a n d M y s tic w a t e r d e b t .. 1 7 ,7 6 1 ,2 7 3 98
T o t a l d e d u c t io n s ............................................... ....................... 3 3 ,0 3 1 ,7 7 3 98
T o t a l d e b t le s s a b o v e d e d u c t i o n s ... ...................................... $ 2 6 ,3 0 2 ,1 9 0 95
S in k in g fu n d s ,le s s $ 1 0 ,2 6 7 ,0 9 3 31 h eld fo r lo a n s d e d u cte d
as a b o v e (w a te r lo a n s, e t c .) ...................................................... 1 1 ,3 3 3 ,0 6 0 4 1
N e t d e b t, e x c lu d in g d e b ts o u ts id e o f lim it....................$14,96 9 ,1 3 .0 5 4
T w o p e r c e n t o n $ 8 7 6 ,7 9 4 ,3 9 0 (a v e ra g e v a lu a tio n l o r
fiv e y e a rs , le ss a b a te m e n ts)..................................................... $ 1 7 ,5 3 5 ,9 8 7 8 0
N e t d e b t, as a b o v e . . . , ..............................................................
1 4 ,9 6 9 ,1 3 0 5 4

,— I t ite r est.— ^ -— : ------------- P r in c ip a l.----------- —N
LOANS-R a te P a y a b le.
M AM E AND PURPOSE.
W hen P tie .
O u tsta n d’ a.
T h ree p. ct. lo a n , 189 0 -9 1,
N o v . l , 1 9 0 0 t o ’ 19>
M & n Î $ 2 3 0 ,0 0 0 y e a rly . ( $ 4 ,6 0 0 ,0 0 0
series A to T ................... 3
N e w fu n d in g lo a n , series
D e c .3 1 ’ 9 5 t o 1 9 0 4 >
J & i S $ 4 0 0 ,0 0 0 y e a rly . \ 4 ,0 0 0 ,0 0 0
S t o Y .................................. 4
J & J D e e .3 1 ’0 3 t o 1 9 2 2
S erial l o a n .................1 89 3 4
8 7 5 ,0 0 0
R e s e rv o ir lo a n , series A
D e c . 3 1 , ’0 2 t o ’2 1 >
J & j 5 $ 5 0 ,0 0 0 y e a rly . ( 1 ,0 0 0 ,0 0 0
t o T ..................................... 3
S erial lo a n , se rie s A t o
D e c. 3 1 , ’ 03 to ’ 1 7 )
J & j ! $ 1 7 5 ,0 0 0 y e a r ly , s 2 ,6 2 5 ,0 0 0
O . . . . . ................................. 3
Iss u e o f M a rch 1 5 ,1 8 9 4 . 3
D ec. 31, 1904
1 6 ,0 0 0
S erial, 1 8 9 4 ........................ 3^3
D e c . 3 1 , ’ 0 4 t o ’ 23 7 ,4 0 4 ,0 0 0
T a x e d Ci t y L o a n —
6
J & j
C o n s o lid a te d ................ .
J an . •1, 1 9 0 4
3 1 ,1 0 0
J & j
do
....................... 6
J u ly 1, 1 9 0 4
1 ,4 0 0
C n t a x e d Ci t y L o a n —
J & j
J u ly 1. 1 89 5
D e fe n se , 1 8 6 5 ................. 6
5 9 9 .6 0 0
J & j
A id in g v o lu n t e e r s .......... 6
J a n . 1, 1 8 9 6
1 ,0 0 4 ,8 0 0
J < j
fe
S ch o o l, N o. 2 .................. 6
J a n . 1, 1 8 9 6
9 9 8 ,3 0 0
J & j
W a te r, N o. 2 . . . . . . . . . . . 6
J a n . 1, 1 8 9 6
9 9 9 ,8 0 0
P u rch a se , L a n s)
6
J & j
J a n . 1, 1 8 9 7
1 ,7 9 9 ,8 0 0
d o w n e E sta te .
>
J & j
C u lvert, N o. 2 ................. 6
J u ly 1, 1 8 9 8
8 0 0 ,0 0 0
6
J & j
G u a ra n te e d g a s .........
J a n . 1, 1 89 9
9 8 0 ,2 0 0
J & j
P a rk , N o. 1 ....................... 6
J a n . 1, 1 89 9
4 ,0 2 0 ,4 0 0
J & j
W a te r a n d ic e b o a t ........ 6
J a n . 1, 1 8 9 9
1 ,6 5 0 ,6 0 0
J & j
G u a ra n te e d g a s .............. 6
J a n . 1, 1 9 0 0
1 ,0 2 0 ,3 0 0
J & j
P a rk , N o. 2 ....................... 6
J u ly 1, 1 9 0 0
1 ,9 8 5 ,1 0 0
J & j
S outh St. B r i d g e ............ 6
J u ly 1, 1 9 0 0
9 8 5 ,4 0 0
J & j
W a te r, N o. 3 7 ................. 6
J u ly 1, 1 9 0 0
9 9 6 ,1 0 0
J < j
fc
F a irm o u n t B r i d g e ........ 6
J an . 1, 1 90 1
7 0 0 ,0 0 0
J < j
fc
H o u s e o f C o r r e c t io n .. . 6
J a n . 1, 1 90 1
5 0 0 ,0 0 0

R ig h t t o b o r r o w F e b . 1 ,1 8 9 5 , u n d e r c h a p t e r 1 78 a cts
o f 1 8 8 5 ............................................................................................... $ 2 ,5 6 6 ,8 5 7 2 6
B o n d s t o th e a m o u n t o f $ 1 ,7 2 9 ,6 5 0 in s id e o f th e .d e b t lim it h a v e b e e n
a u th oriz ed , b u t a re n o t y e t issu ed .

ASSESSED VALUATION.—
The city’s assessed valuation of real
estate and personal property and tax rate, at different periods, have
been as follows:
T ea rs—
R eal.
1 8 9 4 ........
$ 7 2 3 ,7 2 8 ,7 5 0
7 0 7 .7 6 2 .2 7 5
1 8 9 3 ........
6 8 0 ,2 7 9 ,9 0 0
1 8 9 2 ........
1 8 9 1 ..
. . . 6 5 0 ,2 3 8 ,3 7 5
6 1 9 .9 9 0 .2 7 5
1 8 9 0 ........
5 9 3 ,7 9 9 ,9 7 5
1 8 8 9 ........
5 6 3 .0 1 3 .2 7 5
1 8 8 8 ........
5 4 7 ,1 7 1 ,1 7 5
1 8 8 7 ........
5 1 7 .5 0 3 .2 7 5
1 8 8 6 ........
4 3 7 .3 7 0 .1 0 0
1 8 8 0 ........
1 8 7 0 ..
. . , 3 6 5 .5 9 3 .1 0 0

A ssessed V a lu a tion . ----------------------vR a te o fT a x
P erso n a l.
Total.
p e r $ 1 ,0 0 0 .
$ 2 0 4 ,3 6 3 ,7 0 6
$ 9 2 8 ,0 9 2 ,4 5 6
$ 1 2 '8 0
2 1 6 ,3 3 1 ,4 7 6
9 2 4 ,0 9 3 ,7 5 1
12-8 0
2 1 3 ,6 9 5 ,8 0 0
8 9 3 ,9 7 5 ,7 0 0
1 2 -9 0
2 0 4 ,8 2 7 ,7 0 0
8 5 5 ,0 6 6 ,0 7 5
1 2 -6 0
2 0 2 ,0 5 1 ,5 2 5
8 2 2 ,0 4 1 ,8 0 0
1 3 -3 0
2 0 1 ,6 3 3 ,7 6 9
7 9 5 ,4 3 3 ,7 4 4
1 2 -9 0
2 0 1 ,4 3 9 ,2 7 3
7 6 4 ,4 5 2 ,5 4 8
1 3-4 0
2 0 0 ,4 7 1 ,3 4 2
7 4 7 ,6 4 2 ,5 1 7
1 3 -4 0
1 9 3 ,1 1 8 ,0 6 0
7 1 0 ,6 2 1 ,3 3 5
12-Ÿ0
2 0 2 ,0 9 2 ,3 9 5
6 3 9 ,4 6 2 ,4 9 5
15*20
2 1 8 ,4 9 6 ,3 0 0
5 8 4 ,0 8 9 ,4 0 0
1 5 -3 0

T h e t a x r a te in 1 8 9 4 in c lu d e d th e S ta te t a x $ 0 -7 5 p e r $ 1 ,0 0 0 ; th e
c o u n t y t a x , $ 0 -8 1 ; th e c it y t a x p r o p e r , $ 1 1 -2 4 , in c lu d in g $ 2 -2 7 fo r
s c h o o ls ; t o t a l p e r $ 1 ,0 0 0 , $ 1 2 -3 0 .
P O P U L A T I O N .—I n 1 8 9 0 p o p u la tio n w a s 4 4 8 ,4 7 7 ; in 1 8 8 0 it w a s
3 6 2 ,8 3 9 ; in 1 8 7 0 i t w a s 2 5 0 .5 2 6 .

NEW

LOANS.

NEW

LOANS.
BONDS

FOE INVESTMENT.

Blake Brothers & Co.,
28
5

STATE

STREET,

NASSAU

S T .,

FU LL PA RTIC U LAR S UPON APPLICATION .

Farson, Leach & Co.,
C h ic a g o ,
1 1 5 D e a rb o rn S t.

N ew Y o r k ,
2 W a l l S tre e t.

BAN KERS,
6 2 C e d a r S tr e e t,
-

YORK.

NEW Y O R K .

MUNICIPAL, COUNTY, SCHOOL A N D
TOW N SH IP BONDS

BOUGHT

AND

Legal fo r Trustees and Savings
Banks.
L IS T S

ON




NEW Y O R K .

NEW Y O R K .

BONDS.
City of Pittsbnrg, Pa.
City of Brooklyn, N. Y.
City of Denver, Col.
City of Pueblo, Col.
City of Davenport, Iowa.
City o f Superior, Wig.
City of Anderson, Ind
City of Youngstown, Ohio.
Price, aescrlptlon and full list o f other Securities
on application.

C. H. W H ITE & C O .,
72

BROADW AY.

-

-

NEW

YORK .

W E O W N AND O FFER
_ S 2 9 ,9 0 0 T O W N O F M I L F O R D , C O N N .. ,

I PER CENT REFUNDING BONDS,
D a te d J a n . 1 s t, 1 8 9 5 .

D ue J a n . 1 st, 1 9 1 5 .

A legal investm ent fo r Savings Banks and T rust
Funds In State o f Connecticut.
P rice and Particulars upon application to

W HANN
............

& S C H L E S IN G E R ,

:
25?; BAN KERS,
2 W a l l S tr e e t, N e w Y o r k .

BONDS.
Banks in New York.

GOLD
FOR

BONDS.
P A R T IC U L A R S .

Street, Wykes & C o.,
44 W A L L STREET, NEW Y O R K .

N . - W . H A R R I S & CO., Campbell, W ild & Co.,
BANKERS,
-

-

Legal Investments for Savings.

A P P L IC A T IO N .

15 W A L L STREET,

W. E. R. SM ITH,
16 BROAD STREET,

S P E C IA L OFFERING.

W R IT E
•

NEW YO R K , B R O O K LYN AND JE R ­
SEY C I T Y B O NDS A S P E C IA L TY .

SOLD.

6 Per Cent

City and County Bonds,

R A IL R O A D

A n d a l l L o c a l S e c u ritie s B o u g h t and S o ld .

BOSTON.

NEW

$275,000
County of McCracken, Ky.,
Refunding 5s,
James N. Brown & C o.,
Maturing March, 1933; optional as fo llo w s :

$150,000 March, 1908.
125,000 March, 1928.
These bonds are issued to refund a like amount o f
old sixes.
Price to pay 4h$ interest per annum.

AND

BONDS

Dated April 1st, 1898; due April 1st, 1913. Interest
April and October 1st, in New York.
True valuation, estim ated...............$12,000,000
Assessed valuation........................... 6,09«,796
Net debt................................................
262,000
Population, 1890.......................4,059
1893...............
7,000
New W hatcom is the county-seat o f W hatcom
County, and the fourth city in size in the State o f
W ashington. It is located upon Bellingham Bay, P A R T I C U L A R S U P O N A P P L I C A T I O N .
which affords the finest harbor upon Puget Sound,
and is connected by daily boats with Seattle and
Tacoma. The Great Northern Railroad and Cana­
dian Pacific Railroad provide New W hatcom with
tw o trans-continental lines, while the N orthern Pa­
cific Railroad is now within twelve miles o f the City. MEMBERS OF T H E N EW YO RK A N D BOSTON
T he City has several banks, schools, newspapers,
STOCK EXCHANGES.
and large mills from which lumber is shipped to
California and foreign ports. Constitutional limit,
5 per cent o f assessed valuation, exclusive o f water­
DEALERS IN COMMERCIAL P A P E R .
works and sewer debt. The water-works, fo r which
these Bonds are Issued, return a revenue to the City
after meeting the annual interest charge.
Legality approved by Messrs. Storey & T horn ­
d ik e , Boston, Mass. Legal investm ent for New
Hampshire and Rhode Island Savings Banks.
Price, 103 and interest.
5 2 W a l l S tr e e t, N e w Y o r k .

N E W LOANS.
M U N IC IP A L

$ 3 0 ,0 0 0 '0 0
New Whatcom, Wash., M U N I C I P A L
Gold 5 !-2s.

German-American Investment Co.,

[V o l, LX.

ANDERSOK,

IR E .

8%

Municipal Warrants

O U R S P E C I A L T Y . Choice State, County an®
City Issues always on hand. W ASHINGTON IM ­
PROVEM ENT CO., 31 Equitable Building, Boston.

THE CHRONICLE.

Mabch 9, 1895.]
LOANS—

,— In terest. ---- x 4
------ P r im
NAM E AND PURPOSE.
R a te P a ya b le.
W hen R u e.
O u tstan d’g.
U jntaxbd c it y L oan - C on.)
J an . 1, 190 1
. 6
J & J
5 0 0 .0 0 0
Jan . 1, 1 90 1
. 6
J & J
2,122,000
J an . 1, 1 9 0 2
. 6
J & J
5 0 0 .0 0 0
J an . 1, 1 90 2
. 6
J < J
fc
4 2 5 .0 0 0
J u ly 1, 1 9 0 2
. 6
J & J
200.000
J u ly 1, 1 90 2
. 6
J & J
1,000,000
Jan . 1, 1 90 3
. 6
J & J
200,000
J an . 1, 1 90 3
. 6
J & J
2 .1 3 8 .0 0 0
Jan . 1, 1 90 3
. 6
J & J
1 .8 0 0 .0 0 0
Jan . 1, 1 90 3
J & J
. 6
9 7 0 .0 0 0
J u ly 1, 1 90 3
. 6
J & J
5 0 0 .0 0 0
J u ly 1, 1 90 3
. 6
J & J
$ 2 2 5 ,0 0 0
H o u s e o f C o rrection . . 6
Jan. 1, 1 9 0 4
J & J
4 5 0 .0 0 0
Jan . 1, 1 9 0 4
. 6
J & J
1,000,000
Jan. 1, 1 90 5
J & J
. 6
1,000,000
J u ly 1, 1 90 5
J & J
. 6
3 3 5 .0 0 0
J u ly 1, 1 90 5
. 6
J < J
fc
4 9 9 ,4 0 0
J an . 1. 1 9 0 6
. 6
J & J
1 5 0 .0 0 0
R e g iste re d lo a n s o v e r d u e a n d y e t o u t s ta n d in g ................................... 5 ,0 2 5
N o n -reg istered lo a n s o v e r d u e a n d y e t o u ts ta n d in g ............................ 4 3 ,6 2 0
N on -reg istered c o u p o n s o v e r d u e a n d y e t o u ts ta n d in g .......................1 4 ,0 0 0
PAR O F BONDS —B o n d s a re in p ie ce s o f $ 2 5 , $ 5 0 , $ 1 0 0 a n d $ 1 ,0 0 0 .
IN TE R E S T is p a y a b le b y th e F a rm e rs ’ & M ech a n ics’ N a tion a l B an k ,
P h ila d e lp h ia . P a .

T O T A L D EB T, SINKING FUNDS, E t c .— T he s u b jo in e d sta te m e n t
sh o w s P h ila d elp h ia ’ s t o ta l m u n icip a l d e b t, a n d th e s in k in g fu n d h e ld b y
t h e c it y a g a in st th e sam e, o n th e iirst o f J a n u a ry o f e a c h o f th e la s t
th re e y e a rs . [B y a d e cis io n o f th e S up rem e C ou rt o f P e n n s y lv a n ia , filed
M a y 3 1 ,1 8 9 4 , it is h e ld th a t, w ith in th e m e a n in g o f th e w o r d “ D e b t ”
in S e ctio n V I I I , A r t ic le I X , o f th e C on s titu tio n o f P e n n s y lv a n ia , t h e
re a l d e b t o f th e c it y is th e a u th oriz ed d e b t less th e a m o u n t o f th e c it y
ce r tifica te s p u rc h a se d a n d u n ca n ce le d in th e s in k in g fu n d .]
1 89 5 .
1 89 4 .
1893.
B o n d e d d e b t ............................$ 5 3 ,6 6 9 ,9 4 5
$ 5 2 ,7 5 8 ,8 4 5
$ 5 3 ,9 8 8 ,0 4 5
O u tsta n d in g w a r r a n ts .................................
1 ,5 1 6 ,5 9 9
1 ,0 6 2 115
T o t a l d e b t .........................$ 5 3 ,6 6 9 ,9 4 5
S in k in g fu n d s ........................ $ 2 0 ,5 3 0 ,2 5 0
O th er a ss e ts ......................................................

$ 5 4 ,2 7 5 ,4 4 4
$ 2 3 ,6 9 3 ,1 0 0
9 ,3 3 3 ,4 6 2

$ 5 5 ,0 5 0 ,1 6 0
$ 2 7 ,3 8 1 ,7 8 9
5 ,6 4 4 ,9 2 8

T o t a l a s s e ts .....................$ 2 0 ,5 3 0 ,2 5 0
$ 3 3 ,0 2 6 ,5 6 2
N et d e b t o n J a n u a ry 1 s t . . . $ 3 3 ,1 3 9 ,6 9 5
$ 2 1 ,2 4 8 ,8 8 2
T h e sin k in g fu n d h o ld s th e fo llo w in g s e c u r it ie s : C ity
$ 2 0 ,5 3 0 ,2 5 0 a n d U n ited S ta tes lo a n , a t p a r, $ 4 1 3 ,0 0 0 .

$ 3 3 ,0 2 6 ,7 1 7
$ 2 2 ,0 2 3 ,4 4 3
lo a n , a t p a r,
The am ou nt

F IN A N C IA L .

Loeb

In ve stm e n t B a n k e r s ,
3 0 W e s t T h ir d S tr e e t,

C in c in n a ti, O h io .

Choice Investment Bonds of Cities,
Counties and School Districts.

o f fu n d e d d e b t re d e e m e d b y th e S in k in g F u n d C o m m issio n d u r in g th e
y e a r 1 8 9 4 w a s $ 6 ,5 1 2 ,4 0 0 . A m o n g th e a ssets h e ld b y th e c it y are
2 2 ,5 0 0 sh a res o f S u n b u ry & E rie R a ilr o a d s to c k , p a r v a lu e $ 1 0 0 p e r
share, a n d 4 5 ,0 0 0 sh a re s o f P h ila d e lp h ia & E r ie R a ilr o a d s to c k , p a r
v a lu e $ 5 0 p e r share, m a r k e t v a lu e $ 2 1 p e r share.
C IT Y P R O P E R TY— T h e r e a l e s ta te o w n e d b y th e c it y is v a lu e d a t
$ 4 8 ,6 0 5 ,2 9 4 , a n in cr e a s e o v e r th e a p p ra is e m e n t o f J a n . 1. 1 8 9 4 . o f
$ 2 ,8 9 9 ,5 9 5 .
’
’

ASSESSED V A L U A T IO N . E t c .—-Th e f o llo w in g sh o w s t h e a n n u a l
p a y m e n ts t o th e sin k in g fu n d , a m o u n t o f fu n d e d d e b t a n d o u ts ta n d in g
w a rra n ts , a ssessed v a lu e o f p r o p e r t y , a n d th e t a x ra te , f o r y e a rs in d i­
ca ted . P r o p e r t y in th is c it y is a sse sse d a t a b o u t % o f its a ctu a l v a lu e .
Payin'’ ts to T otal M u n icip a l A ssessed r e a l a n d Tax r a te
S in k . F u n d .
T ears.
D e b t J a n . 1.
P e r s o n a l V a lu a t’ n . v e r $ 1 .0 0 0
1 8 9 5 .. .. ....$ 4 1 9 ,2 6 0
$ 3 3 ,1 3 9 ,6 9 5
$ 1 8 -5 0
1 8 9 4 .. .. . . . . 5 0 0 ,4 4 0
5 4 ,2 7 5 ,4 4 4
7 8 2 ,6 7 7 ,6 9 4
1 8-5 0
1 8 9 3 .. .. . . . . 5 5 1 ,4 4 0
5 5 ,0 5 0 ,1 6 0
7 6 9 ,9 3 0 ,5 4 2
1 8-5 0
1 8 9 2 .. .. . . . . 5 6 0 ,4 4 0
5 5 ,3 4 0 ,6 1 4
7 3 5 ,6 9 6 ,7 7 2
18-5 0
1 8 9 1 .. .. . . . . 5 9 1 ,2 4 0
5 7 ,3 6 5 ,5 5 8
7 1 3 ,9 0 2 ,8 4 2
1 8 -5 0
1 8 9 0 .. .. . . . . 6 0 2 ,5 9 0
5 6 ,7 7 7 ,3 7 0
6 8 8 ,7 1 3 ,5 1 8
18-5 0
1 8 8 9 .. .. . . . . 6 1 1 ,0 9 0
5 7 ,9 4 2 ,9 3 5
6 6 9 ,5 0 7 ,5 6 4
18-5 0
1 8 8 8 .. .. . . . . 6 2 9 ,6 0 0
5 8,7 7 8 ,2 1 3
6 4 7 ,2 1 3 ,0 3 9
1 8 -5 0
1 8 8 7 .. .. . . . . 6 3 0 ,1 0 0
5 8 ,8 4 0 ,0 4 5
6 2 8 ,6 7 9 ,3 1 2
1 8 -5 0
1 8 8 6 .. .. . . . . 6 4 6 ,2 4 8
6 2 ,5 8 9 ,6 7 8
6 1 1 ,3 0 9 ,6 1 5
1 8 -5 0
1 8 8 5 .. .. . . . . 6 6 0 ,9 8 6
6 4 ,1 3 1 ,3 6 2
5 9 7 ,7 8 5 ,4 2 8
18-5 0
1 8 8 0 .. .. . . . . 8 0 6 ,6 0 5
7 2 ,2 6 4 ,5 9 5
5 3 6 ,6 6 7 ,8 3 4
2000
1 8 7 5 .. .. . . . . 7 8 5 ,8 9 9
6 4 ,3 9 0 ,4 6 3
5 7 5 ,2 8 3 ,9 6 8
2 1 -5 0
1 8 7 0 .. .. . . . . 5 1 9 ,1 9 7
4 5 ,0 9 3 ,2 4 7
4 7 9 ,7 7 6 ,6 4 3
1 8-0 0
1 8 6 5 .. .. . . . . 3 2 9 ,3 4 0
3 2 ,7 6 3 ,8 9 9
1 5 9 ,1 1 9 ,9 2 8
2 8 -0 0
I 8 6 0 . . . . . . . . 1 7 3 ,7 3 7
2 1 ,3 5 6 ,7 5 9
1 5 5 ,6 9 7 ,6 6 9
2000
1 8 5 5 .. .. . . . .
8 1 .0 6 5
1 5 -0 0
P O P U L A T I O N .—I n 1 8 9 0 p o p u la tio n w a s 1 ,0 4 6 ,9 6 4 ; in 1 8 8 0 i t w a s
8 4 7 ,1 7 0 ; in 1 8 7 0 i t w a s 6 7 4 .0 2 2 .
Woodford Co., Ky.—The following statement has been cor­
rected b y means of a special report to the C h r o n i c l e from J.
P. A m s d e n , County Treasurer.
County seat is Versailles.

LOANS —
W h en D u e.
V e r s a i l l e s & M. R y .—
6s, M&S, $ 1 5 *0 0 0 .........S ept. ’ 9 5-6 -7
Woodford RR.
5s, M&S, $ 4 5 ,0 0 0 ...S ep t. 5, 1 91 9
5s, A & O ,
5 ,0 0 0 . ..O ct. 6 ,1 9 2 0
8 u b je c t t o ca ll a fte r S ept. 5, ’ 9 7
T o ta l d e b t F e b . 1 5 , ’ 9 5 ___ $ 6 5 ,0 0 0
I N T E R E S T o n V e r s a il l e s & M. R;
o th e r b o n d s a t L o u is v ille K y .

C H IC A G O .

Rudoloh Kleybolte 8b Co.

Sc

Gatzert,

L A SALLE! S T R E E T ,

C H IC A G O

First Mortgages fo r sale in large and small amounts
netting Investors 6 ,6 ^ and 6 per cent, secured by
Improved and income-bearing Chicago city property.
P rin c ip a l and In te r e s t p a r a b le In IG old .
CORRESPONDENCE SOLICITED.
A.. O. SLAUGHTER, Member N. Y. Stock Exchange
WM. V . B AK ER , Member Cbieago Stock Exchange

LISTS M AILED UPON APPLICATION .

W . J. Hayes Sc Sons,
BANKERS,

A. O. Slaughter & C o.,

Dealers in M UNICIPAL BONDS,

C H IC A G O , IL L S .
C h icago S e c u ritie s B o u gh t a n d S o ld .

BONDS

YIELDING AN INCOME

4%

TO

6%

W . N . Coler & C o.,

C ITY, MASON, LEW IS & C O., Bankers
C O U N TY
171 LASALLE 8TREET,
SCHOOL SEND FOR LISTS.
CHICAGO

BANKERS.

A. G. Becker & C o.,
(INCORPORATED)

M U N IC IP A L BONDS. C O M M E R C I A L PAPER ,
34 NASSAU STREET.

WARRANTS m SCHOOL. fm ’tW
COUNTY, CITY AN D
J N O . P . D O R R & C O .. S e a ttle , W a s h .

154 La Salle St., Chicago, 111.

Jamieson Sc C o.,
S T O C K S —B O M B S,
Members New York and Chicago Stock Exchanges

THE

CITY
BUFFALO

C a p ita l, $ 3 0 0 . 0 0 0 .

BANK,
N. Y.

A U G U S TU S FLOYD,
D E A L E R IN

SECURITIES,

3 2 P IN E S T R E E T , N E W Y O R K .
STREET R A IL W A Y BONDS BOUGHT and SOLD




DEARBORN

STREET,

C h ic a g o , Ilia .
Private wire to New York and Philadelphia.

S u r p lu s, $ 1 5 0 , 0 0 0

S p e c ia l A tte n tio n to B u ffa lo an d W e s te r n
N e w Y o r k C o lle c tio n s.
C o lle c tio n D e p a rtm e n t u n d er p e rso n a l
su p e rv isio n o l officers.

IN VE STM EN T

187

'. b o n d s is p a y a b le in N e w Y o r k ; o n

SOUTHERN LANDS
A t P R E S E N T P R I C E S a r e th e C H E A P E S T .
P R O P E R T Y in A M E R I C A .
W I n v e s tig a te and yon w ill I n v e s t.
T IM B E R ,
BARGE,
M IN E R A I,
SM ALL,
F A R M IN G .
TRACTS.
Send 25 cents fo r “ T he R oad to W ealth Leads
Through the South.”
E. C . R O B E R T S O N <& C O ., C in c in n a ti, O .
(Neave Building.)

Gilman, Son Sc C o.,
BAN KERS,
N o. 62 C E D A R

BANKERS,
1 1 3 -1 1 7 L A S A L L E S T R E E T ,

Street Railway Bonds, and other high grade in­
vestm ents
BOSTON, MASS.,
C le v e la n d , O h io,
7 Exchange Place.
3 1 1 - 3 1 3 S u p e r io r S t.
Cable Address. “ K E N N E T H .”

T a x v a lu a tio n 1 8 9 5 . ...$ 9 ,0 0 0 ,0 0 0
T a x v a lu a tio n 1 8 9 3 ___ 8 ,5 0 0 ,0 0 0
A ss e ss m e n t is 7 0 p .c . a ctu a l v a lu e .
S ta te t a x (p e r $ 1 ,0 0 0 )............ $4*25
C o u n ty t a x (p er $ 1 ,0 0 0 ).......... 1 -75
P o p u la tio n in 1 8 9 0 w a s ___ 1 2 ,3 8 0
P o p u la tio n in 1 8 8 0 w a s ___ 1 1 ,8 0 0

M ISCELLAN EO U S.

MORTGAGE BANKERS,
U 5

449

M O R T G A G E LOANS
TE X A S.
7 P e r C en t an d $ P e r C ent N e t.
NO COMMISSIONS charged borrower or lender
until loans have proven good.

STREET,

In addition to a General Banking Business, Buy
and Sell Governm ent Bonds and Investm ent Se­
curities.

ALL N. T. CITY STREET RAILROAD
A n d o th e r In v e stm e n t S e c u ritie s d e a lt In by

R. J. Jacobs Sc C o.,
41 N E W S T R E E T ,
NEW YORK
MEMBERS N. Y . STOCK EXCHANGE.
Orders In Stocks and Bonds executed fo r Cash or
on Margin.

John M. Anderson,
(Late with the Fourth National Bank.)

Bonds, Commercial Paper, Investment
Securities, Collateral Loans,
3 6 W . 3 d . S t. (Masonic T em ple,), C in c in n a ti, O .
Correspondence Solicited.

J. P. Andre Mottu & Co.
IN V E S T M E N T

BROKERS,

N O R FO LK , VA .

SOU!HERAT INVESTMENTS.
State, County, City and Railroad Bonds. Indus­
trial Securities. Farming and Tim ber Lands, Min­
ing and City Properties.

S E A R S 8b W H I T E
Successors to
EUGENE R . COLE.
S T A T IO N E R S A N »

P R IN T E R S .

F R A N C IS S M I T H & CO .,

Supply Banks, Bankers, Stock Brokers and Corporations with com plete outfits o f Account B ook,
and Stationery.
P T N e v concerns organising will have that
orders prom ptly executed.

S A N A N T O N IO . T E X A S ,

Wo» I W I L L U n S T R E E T ,

450

THE CHRONICLE.

Allegheny, Pa.—(C h r o n i c l e , vol. 60, pages 51 and 187.)—
W . M. Kennedy, Mayor. The statement below of Allegheny’s
debt, valuation, &c., has been corrected to January 1, 1895, by
means of a special report to the C h r o n i c l e from City Comp­
troller James Brown.
Allegheny is situated in the county of the same name.
LOANS —
t— I n te r e s t.— . -------------P r i n c i p a l .------------.
NAME AND

R a te. P a ya b le.
4
J & J

PURPOSE.

C ity park b on d s............ ...1886
do
do ............ ..1 8 9 0
E lectric-light b on d s..A ..1 8 91
do
do
B -.1893
do
do
C ..1 8 9 4
M unicipal bonds (renew.) 1880
......... ...1 88 6
do
do
do
do
......... ...1 8 9 1
R enew al b o n d s.................1890
S e w e r B o n d s :—

Sewerage (gold interest) 1876
R en ew al.......................... ...1 8 8 3
R efunding ren ew al....... ...1880
R en ew al.......................... ..,1881
do
.............................1 8 8 1
R efun din g ren ew al....... ...1881
R en ew al.......................... ...1 8 8 2
do
.......... .................1 8 8 3
R efunding ren ew al....... ...1883
R en ew al.......................... ...1 8 8 4
Sewerage b on d s............ ...1887
Sewer
A ___ ..1 8 9 3
_
do
B ._ ...1 8 9 4
do
C . . . ...1 8 9 4

4
4
4
4
5
4
4
4

6
4^2
4^2
4
4
4
4
4
4
4
4
4
4
4

S t r e e t I m p r o v e m e n t B o n d s :—

McClure A ve. renewal, 1880.. 4*2
do
do
18 8 4.. 4
do
do
1881.. 4
do
do
1883.. 4
C alifornia A v en u e......... 1891.. 4
Charles Street renewal, 18 8 0.. 4*2
do do
1881.. 4
Street im provem ent_ .1891.. 4
_
do
A .. 1893.. 4
do
do
B .. 1 8 9 4 .. 4
od
do
C .. 1894.. 4
W ater bon d s................... 1875.. 6
do
................. ,1877.. 5
do
................. 18 8 3.. 4
................. 1 8 8 6 .. 4
do

A & o
A & o
A & o
J & J
J & J
J & J
A
o
J

J

J
J

W hen D u e.
O u tsta n d’ g.
J u ly 1,
1 9 0 6 $ 1 5 ,0 0 0
A p r il 1, 1 9 1 0
2 5 ,0 0 0
A p r il 1,
1 9 2 1 1 6 0 ,0 0 0
O ct. 1 ,
1923
1 4 ,0 0 0
J u ly 1 ,
1924
8 6 ,0 0 0
J a n . 1,
1885
2 7 ,0 0 0
J u ly 1,
1906
1 3 ,0 0 0
A p r. 1,
1 9 1 1 1 5 0 ,0 0 0
J an . 1,
1 9 1 0 1 1 7 ,0 0 0

& J
& J

Jan.
Jan.
N ov.
Jan.
J u ly
N ov.
J u ly
J u ly
N ov.
J
Jan.
J
J u ly
A
O O ct.
A & O A p r.
J
J J u ly

1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

& J
& J
& J
& J
A & O
J & J
J & J
A & o
A < o
fc
A & o

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

M &
J &
J &
M <
fc
J &
J &
M &

N
J
J
N
J
J
N
& J
& J

J
J
J
J

J
J
J & J
J & J
J & J
J < J
fe

J u ly
J u ly
J u ly
J u ly
A p r.
J u ly
J u ly
A p r.
O ct.
A p r.
J u ly
J u ly
J u ly
J u ly
J u ly

F IN A N C IA L
R. A . Lancaster & Co,,
BAN KERS,

Mo. 1 0 W A L L

STR EET,

M EW Y O R K .
D EALERS IN

INVESTMENT and MISCELLANEOUS
SECURITIES.
S o u t h e r n S e c u r itie s a S p e c ia lty .

H . I. Judson & C o.,
BRO KERS,

Standard Oil Trust,
Wagner Palace Car Co.,
American Bank Note Co.,
Michigan Peninsular Car Co. pfd.,
Postal Tel.-Cable Co.,
Long Island Traction,
A nd all Miscellaneous Securities a Specialty

Continental Bank Bldg., 7 Nassau St..
NEW YO R K .
H . I. JUDSON, ) Members New Y ork Stook
W . H. BURGER,J
Exchange.

INVESTMENT BONDS A SPECIALTY.

Rolston Sc Bass,
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES.
W . H . ROLSTON,
3 0 B r o a d S tre e t,
W . A L E X . BASS, JR.,
NEW Y O R K .
Members N. Y . Stock Ex.
E DW IN S. HOOLBY.
P. O. B ox 8,089.

- W illiam D. Barbou r , Fred ’ k Billings , Special
Ch arles m . Newcombs,
Member N. Y . Stock Exchange.

W m . D. Barbour & Co.,
BANKERS AND BROKERS,
15 W A L L STREET,

-

NEW Y O R K .

In v e s tm e n t S e c u r it ie s a S p e c ia lty .

Simon Borg & Co.,
N o. 2 0 NASSAtJ S T ., N E W Y O R K .

1896
1903
1900
1901
1901
1901
1902
1903
1903
1904
1917
1923
1924
1924
1900
1894
1901
1903
1 91 1
1900
1901.
1 91 1
1923
1924
1924
1895
1897
1903
1906

IV o l , LX,

LOANS—

- I n te r e s t.— , -------------P r i n c i p a l .----------- ,
R ate. P a y a b le. W hen D u e.
O u tstan d'g.
................... 1 8 8 4 .. 4
A & O A p r . 1, 1 9 1 4
„ „
$ 1 3 2 ,0 0 0
................... 1 8 8 7 .. 4
J & J J u ly 1, 1 9 1 7
100,000
...................1 8 8 9 .. 4
J & J Jan . 1, 1919
1 7 5 .0 0 0
(r e n e w a l).1 8 9 3 .. 4
J & J J u ly 1 , 1 9 2 3
1 5 0 .0 0 0
(re n e w a l). 1 8 9 0 .. 4
J & J J u ly 1 , 1 9 1 0
100.000
(r e n e w a l). 1 8 9 2 .. 4
J & J J u ly 1 , 1 9 1 2
100,000
S u b je ct t o c a ll J u ly 1 , 1 9 1 3
W h a rf r e n e w a l b o n d s , .1 8 8 7 .'. 4
J & J J u ly 1, 1 9 0 7
2 8 ,0 0 0
I N T E R E S T is p a y a b le a t th e office o f T. W h e le n & C o., P h ila d e l
p h ia a n d in A lle g h e n y , a n d c h e ck s w ill b e m a ile d t o h o ld e r s o f b o n d s
w h e n re q u e s te d .
NAM E AND PURPOSE.

W a te r b o n d s
do
do
do
do
do

T O T A L D EB T, SINKING FUNDS, E t c .— T h e s u b jo in e d s ta te m e n t
sh o w s A lle g h e n y ’ s t o t a l b o n d e d d e b t, th e s in k in g fu n d h e ld b y th e c it y
a g a in s t th e sam e, a n d th e w a t e r d e b t, o n e a ch o f t h e d a te s n a m e d .
Jan. 1, ’95.
Jan. 1, ’94.
Jan. 1, ’ 93.
T o t a l b o n d e d d e b t ........................$ 2 ,9 9 0 ,5 0 0
$ 2 ,4 4 1 ,5 0 0
$ 2 ,1 8 4 ,5 0 0
5 3 5 ,5 8 4
5 9 1 ,3 4 0
3 9 7 ,2 4 0
S in k in g f u n d s ...............................

2 2 ,0 0 0
8 ,0 0 0
2 0 ,0 0 0
1 8 ,5 0 0
6 2 ,0 0 0
8 ,0 0 0
2 0 ,0 0 0
5 0 ,0 0 0
7 ,0 0 0
7 5 ,0 0 0
5 0 ,0 0 0
5 5 ,0 0 0
1 0 0 ,0 0 0
1 4 5 ,0 0 0

N et d e b t ........................................ $ 2 ,4 5 4 ,9 1 6
$ 1 ,8 5 0 ,1 6 0
$ 1 ,7 8 7 ,2 6 0
W a te r d e b t(in c lu d e d a b o v e )— $ 1 ,0 3 1 ,0 0 0
$ 1 ,0 3 1 ,0 0 0
$ 1 ,0 3 1 ,0 0 0
O n J a n u a ry 1 ,1 8 9 5 , th e c it y ’ s d e b t w a s 3 1 -1 6 p e r c e n t o f th e v a lu a ­
tio n , o r $ 5 ,4 3 3 ,5 2 0 7 5 le ss th a n th e a m o u n t a llo w e d u n d e r t h e con sti*
tu tio n a l lim it. T h e p e r ca p ita d e b t w a s $ 2 2 -3 2 .
T A X FREE.— A ll b o n d s o f th is c it y a re e x e m p t fr o m ta x a tio n .
W A TE R W ORKS.— T h e t o t a l v a lu e o f th e w a t e r d e p a r tm e n t p r o p
e r t y is e s tim a te d a t $ 2 ,1 6 0 ,7 4 1 38.
ASSESSED V A L U A T IO N .— T h e c it y ’ s a sse sse d v a lu a t io n a n d t a x
r a te h a v e b e e n as b e lo w . (A c tu a l v a lu a t io n 1 8 9 5 , $ 8 5 ,0 0 0 ,0 0 0 .)
R ea l E sta te (6
P erson a l
T otal A ssessed
C ity Tax
Y ea r s,
.
Im p ro v em en ts.
P r o p e r ty .
V a lu a tio n , p e r $ 1 ,0 0 0 .
1 8 9 5 .,........................... - ....................................
$ 7 4 ,5 0 0 ,0 0 0
$ 9 -3 0 ,
1 8 9 4 .............................................
.................
7 3 ,0 0 0 ,0 0 0
___ _
1 8 9 2 ...........................................................................
6 9 ,5 0 0 ,0 0 0
$ 1 1 ,0 0
1 8 9 0 .....................$ 4 8 ,9 6 0 ,0 2 5
$ 1 ,3 3 9 ,5 2 5
5 0 ,2 9 9 ,5 5 0
1 3 -7 7
P O P U L A T I O N .—I n 1 8 9 0 p o p u la tio n w a s 1 0 5 ,2 8 7 ; in 1 8 8 0 i t w a s
7 8 ,6 8 2 ; in 1 8 7 0 i t w a s 5 3 ,1 8 0 . T h e e s tim a te d p o p u la tio n f o r 1 8 9 5 i s

1 3 ,0 0 0
1 3 ,0 0 0
1 3 ,0 0 0
1 3 .0 0 0
2 3 ,0 0 0
1 8 ,0 0 0
1 8 ,0 0 0
7 5 ,0 0 0
2 0 0 ,0 0 0
2 0 0 ,0 0 0
2 0 0 ,0 0 0
3 5 ,0 0 0
4 0 ,0 0 0
6 4 ,0 0 0
2 0 ,0 0 0

110, 000.

Montgomery County, Ala.—County seat is Montgomery.
LOANS —
W h en D u e.
R e a l v a lu a t ’n ( a b o u t ).$ 2 7 ,0 0 0 ,0 0 0
C

o o r t

H

o u se

B

o n d s

F IN A N C IA L ,
Emerson McMullin.

H enry B. W ilson .

Emerson McMillin & Co.

“ 114 CORTLANDT.”

G A S -W O R K S ,
STREET
R A IL W A Y S
A N D IN V E S T M E N T S E C U R I T I E S .

Wm. M. H a rrim an , Member N. Y. Stock Exchange.
Nicholas Fish .
Oliv e r H ar r im a n , Jr .

Harriman & Co.,
E Q U IT A B L E B U IL D IN G , N E W

YORK.

BANKERS AND BBOKEBS,
Transact a General Banking and Stock Bxohange
Business.

& COMPANY,

BANKERS,
M IL L S B U IL D IN G ,
S O L IC I T

ORDERS

NEW YO R K .
IN

S to c k s, C otton, G r a in and P r o v is io n s ,
Branch O f f i c e s :
277 Broadway, (Corner Chambers Street.)
671 Broadway, (Broadway Central H otel.)
763 Fifth A ve., cor. 68th St. (under Plaza Bank.)
DEPOSITS RECEIVED 3%INTEREST A LLOW ED

Haven & Stout,
BAN KE RS AND

Cable A d dress:

“ RUDERATION, N. Y.,

Haight & Freese.
Bankers & Commission Stock Brokers,

DEALERS IN

B ROKER81

2 E x c h a n g e C o u rt, N. Y .
A llo w In te r e s t a t th e r a te o f fo u r p e r c e n t
p e r an num on d ep osits su b ject to c h e c k .
B u y an d S e ll R a i lr o a d S tock s an d B o n d s
on M a r g in o r fo r C ash a t l - 1 6 t h
p er cent C o m m issio n .
Members o f th e Consolidated Stock and Petroleun
Exchanges.

53

BROADW AY, NEW

YORK.

S T O C K S , B O N D S AM D G R A I N
Bought and Sold at 1-16 Commission.
S p ecial a tte n tio n given to o u t-o f-to w n ae
c ou n ts.
TRANSACT A GEN ERAL BAN KIN G A N D STOCK
EXCH ANGE BUSINESS.

INVESTMENT BONDS.
Accounts o f Banks, Bankers and Individuals
received on favorable terms.
NATIONAL BANK REFERENCES FURNISHED.
Uptown Office, 1132 Broadway.

HOLMES

& C O .,

61 B R O A D W A Y , N EW Y O R K .
(N ew Y ork Stock Exchange.
Members < New Y ork Cotton Exchange.
(Chicago Board o f Trade.

Investment Stocks & Bonds, Grain, Cotton
and all securities that are dealt In o n the NewYork,
Chicago, Philadelphia or B oston Stock Exchanges
bought and sold fo r cash or carried on margin.
Branch Office: Kellogg Bldg., F St.,W ashington, D. C.

Market Detter on Application.

W ood, Huestis & Co.,
31 Pine Street, New York City.
COMMISSION

BROKERS,

AN D D EALERS IN
HENRY F, T A Y L O R ,
Member N. Y . Stook Exch.

JOHN F. H ALSTED.

Taylor & Halsted,
B an k ers and B rok ers,
3 N ASSAU ST R E E T ,
NEW Y O R K .
B o n d s a n d G u a r a n te e d S to c k s
a S p e c ia lty .
NICKEL P L A T E 4 PER C E N T S B O U G H T A N D S O L D

H e n r y C. H a rd y .

Gaston Ha r d y

H. C. Hardy & Co.,
BROKERS.

Railroad and Investment Securities.

SOUTHERN SECURITIES.




Long distance T elep h on e:

40 W A L L STREET, NEW Y O R K

CLAPP

P o p u la tio n In 1 8 9 0 w a s ........5 6 ,1 7 2
P o p u la tio n in 1 8 9 s (e s t.). . .7 5 ,0 0 0

M ISCELLANEOUS.

D E A L E R S IN A L L K IN D S OP

SOUTHERN SECURITIES A SPECIALTY.

—

6s, A & O , $ 4 5 ,0 0 0 ........A p r. 1 ,1 9 0 7
T a x v a lu a t io n 1 8 9 4 .. .$ 1 8 ,6 8 8 ,3 9 3

50 BROADW AY,

*

NEW YOR K

IN V E S T M E N T

S E C U R IT IE S .

HUESTIS, (Member N. Y . Stock Exchange.)
E. H . L A D D ’, Jr ., } General Partners.
C. D. WOOD, Special Partner.

GEORGIA MORTGAGE LOANS.
SOUTHERN LOAN AN D TRUST COMPANY 0 »
MACON, GA.
J. 8. SCHOFIELD, Pres.
H . M. SMITH, Seo.
F. O. SCHOFIELD, Treasurer.
This company makes a specialty o f handling a 11m ■
Ited amount o f the best flye-year mortgage loans
afforded by this com m unity. Doing only a small
business in this line, we can select the best. Loans
secured by business property net the Investor six
per cent, residence, seven per cent. Principal and
interest payable at the Merchants’ Exchange.Natioual Bank, New York. Correspondence solicited.

M a r c h ô,

1895,

THEf' CHRONICLE.

ns « r a n c i.

mmxmxtz.
NOW READY.

O F F IC E

OF

THE

;

t h e

A TL A N T IC

M UTUAL

I N S U R A N C E CO.
N ew Y o r k , J a n u a ry 2 2 , 189 5 .
T h e T ru stees, in c o n fo r m it y w it h th e C h a rter
o f th e C o m p a n y , s u b m it t h e fo llo w in g sta te­
m e n t o f its affairs o n th e 3 1 s t o f D e c e m b e r,
1894.
P re m iu m s o n M a rin e R is k s fro m
1 st J a n u a ry , 1 8 9 4 , t o 3 1 s t
D e c e m b e r , 1 8 9 4 ............................. $ 2 ,7 6 0 ,9 2 0 6 2
P re m iu m s o n
P o lic ie s
not
m a rk ed o ff 1 st J a n u a ry , 1 8 9 4 1 ,1 0 6 ,5 1 5 7 7

Financial Review.
(A N N U A L .)

1895 .
-A Year Book
.
OF

FINANCIAL

INFORMATION,

P rem iu m s m a rk ed o ff fr o m 1st
J a n u a ry , 1 8 9 4 , t o 3 1 s t D e c e m ­
b e r, 1 8 9 4 ....................................... $ 2 ,8 4 0 ,2 8 4 9 8
L o s ses p a id d u r in g t h e
sa m e p e r io d .......................$ 1 ,4 1 1 ,2 9 2 8 9
R e tu rn s o f P rem iu m s
a n d E x p e n s e s ............. $ 6 2 4 ,1 5 4 6 4

A D I V I D E N D O F F O R T Y P E R C E N T is
d e c la r e d o n t h e n e t e a rn e d p re m iu m s o f th e
C o m p a n y f o r th e y e a r e n d in g 3 1 s t D e c e m b e r,
1 8 9 4 , f o r w h ic h c e r tific a te s w ill b e iss u e d o n
a n d a fte r T u e s d a y , t h e s e v e n t h o f M a y n e x t.
B y o rd e r o f t h e B o a r d ,

J . H , C H A P M A N } Secretary.

TRUSTEES :
J. D . Jones,
W. H . H . M o o r e ,
A . A . R aven,
J osep h H . Chapm an,
Jam es L ow ,
J a m e s G . D e F o re s t,
W illia m D e G r o o t ,
W illia m H . W eb b ,
H ora ce G ray,
C h a rles P . B u rd e tt,
H e n r y E . H a w le y ,
W illia m E . D o d g e ,
G e o r g e B lis s,
J o h n L . R ik e r,
C. A . H a n d ,
J o h n D . H e w le tt,
G u sta v A m s in c k ,
N . D e n to n S m ith ,

C harles H . M a rsh a ll,
C h a rles D . L e v e r ich ,
E d w a r d F lo y d -J o n e s ,
G eorge H . M acy ,
L a w r e n c e T u r n u re ,
W a ld ro n P . B ro w n .
A n s o n W . H a rd ,
I s a a c B e ll,
J o s e p h A g o s tin i,
V ern on H . B row n ,
C h ristia n d e T h o m s e n ,
L e a n d e r N . L o v e ll,
E v e r e t t F ra z a r,
W illia m B . B o u lto n ,
G e o r g e W . Q u in ta rd ,
P a u l L . T h eb a u d ,
J o h n B . W o o d w a rd ,
G e o r g e C o p p e ll.

J . D . J O N E S , P r e s id e n t ,
W . H . H . M O O R E , V ic e -P re s id e n t,
A . A . R A V E N , 2 d V i ce -P re sid e n t.




The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
reliable Company now has the experw ? i o , h ..i ? rtyf 7 ? A ? ars o f practical L ife Insurance,
has taught It that the sine qua non o f success
ig00,? pl? ns o f insurance, and the
Pursuit o f a liberal policy towards both Its Insured
ana Its Agents. These essentials it possesses in an
Siii,nent ,<
?eKre® .
>
judiciously tempered by that
^ 8®r,Yatis. m, r hieh. 8 ttle best Possible safeguard o f
& epo.Ucy-holderv I ts contracts are Incontestable
two years. They are non-forfeiting, providing
generally fo r either paid-up policy or extended in­
surance, at the option o f the policy-holder. It gives
ten days o f grace in payment o f all premiums? Its
course during the past forty-five years abundantly
demonstrates its absolute security.
y
A c t iv e a n d s u c c e s s f u l A g e n t s , w i s h i n g to r e p 1
r e s e n t th is C o m p e m y , m a y c o m m u n i c a t e *
w i t h th e P r e s i d e n t a t th e S o m e Office,
2 6 1 B ro a d w a y , N ew Y o rk .

«P J S g M h l» » ”
C O N T E N T S ;

Retrospect o f 1 8 9 4 .
B a n k Clearings and. Speculation.
L istin g s o f Securities o n the N ew
Y o r k Stock E x ch a n g e .
B u sin ess F a ilu res In 1 8 9 4 .
B a n k in g a n d F i n a n c i a l G o v e rn m e n t B o n d P ro p o s a ls —A m o u n t o f
S u b scr ip tio n s a n d L is t o f S u b scrib ers.
N ew Y o r k C ity B a n k M o v e m e n ts.

T h e C o m p a n y has t h e fo llo w in g a ssets, v iz .: Crop a n d Other P rod u ctio n s.
U n ite d S ta tes a n d C it y o f N ew
T h e Y e a r ’ s C rops.
P ig iron P ro d u ctio n .
Y o r k S t o c k : C ity B a n k s a n d
A n th ra cite C oa l P ro d u ctio n .
o t h e r S to c k s ........................................ $ 8 ,2 4 7 ,4 5 5 0 0
Great B r ita in -M e r c a n tile a n d F in a n ­
L o a n s s e c u r e d b y S to c k s a n d
cial Affairs.
o t h e r w is e ....................
1 ,0 4 3 ,5 0 0 0 0
C om m ercia l a n d F in a n cia l R e v ie w f o r 189 4 .
R e a l E s ta te a n d C la im s d u e th e
T rad e a n d Com m erce—
C o m p a n y , es tim a te d a t ....................
1 ,0 0 9 ,8 4 5 3 0
T h e E x c e p t io n a l C h a ra cte r o f o u r F o re ig n
P re m iu m N o te s a n d B ills R e ­
T ra d e in 189 4 .
c e iv a b le ...........................................
8 5 5 ,6 9 3 1 4
V a lu e s o f E x p o r t s a n d I m p o r ts o f ' th e
U n ited S tates a n d t h e T ra d e B a la n ce
C ash in B a n k ............... .................... ^ 1 8 4 ,2 3 8 4 4
f o r 3 0 y e a rs , 186 5 -1 89 4 .
E x p o r t s o f L e a d in g A rtic le s o f D o m e s tic
A m o u n t .............................................. $ 1 1 ,3 4 0 ,7 3 1 88
P r o d u c e fo r T h re e Y e a rs.
I m p o r ts o f L e a d in g A r t ic le s o f M erch a n d ise
fo r T h re e Y e a rs .
S I X P E R C E N T I N T E R E S T o n t h e o u ts ta n d ­
C o m p a ra tiv e P rice s o f M e rch a n d ise , I 8 6 0 ,
1 8 7 9 a n d 1 89 1 -9 5.
in g c e r tific a te s o f p ro fits w ill b e p a id t o th e
Foreign E x c h a n g e h o ld e rs t h e r e o f o r th e ir le g a l re p re s e n ta tiv e s
P rice s in N e w Y o r k in 1 8 9 3 a n d 1 8 9 4 .
o n a n d a fte r T u e s d a y , th e fifth o f F e b ru a ry
G old an d S ilv e r n e x t.
R e v ie w o f G o ld a n d S ilv er P ro d u ctio n .
F I F T Y P E R C E N T o f th e o u ts ta n d in g ce r tifi­
P ro d u ct o f G o ld in A u stra la sia n C olon ies.
c a te s o f th e iss u e o f 1 8 9 0 w ill b e re d e e m e d an d
W o rld ’ s G o ld P r o d u c tio n sin ce 1870.
W o rld ’s S ilv e r P r o d u c tio n s in ce 1 8 7 0 .
p a id t o t h e h o ld e rs t h e r e o f, o r t h e ir le g a l re p ­
re s e n ta tiv e s , o n a n d a fte r T u e s d a y , t h e fifth o f
F e b r u a r y n e x t , fr o m w h ic h d a te in te re s t o n
t h e a m o u n t s o re d e e m a b le w i l l cea se. T h e
c e r tific a te s t o b e p r o d u c e d a t t h e t im e o f p a y ­
m e n t a n d ca n c e le d t o t h e e x t e n t pa id .

1895.

OFFICERS:

373 P A G E S.

-------------

T o t a l M a rin e P re m iu m s .......... $ 3 ,8 6 7 ,4 3 6 39

1850.

In vestm en ts—
C om p ou n d In te re s t T a b le , S h o w in g A c c u ­
m u la tion s o f M o n e y in a Series o f Y ea rs.
T a b le S h o w in g th e R a te P e r C en t R ealized
o n S to ck s P u rch a se d a t d ifferen t p r ic e r .

( n lted States B ebt and Securities—
D e b t o f th e U n ited S tates, 1 7 9 3 -1 8 9 4 .
H ig h e s t a n d L o w e s t P rice s o f U . S. B o n d s,
m o n th ly , 1 8 6 0 -1 8 9 4 .

State Securities.—
H ig h e st a n d L o w e s t Q u o ta tio n s o f S tate
S ecu rities, 1 8 6 0 -1 89 4 .

Railroads a n d th eir Securities—
R a ilro a d S tatistics f o r th e U n ited S tates.
R a ilroa d E arn in g s in 1 8 9 3 a n d 1 89 4 . .
R a ilr o a d B o n d s in N e w Y o r k , 1 89 0 -1 8 9 4 —
H igh est a n d L o w e s t P rice s M onthly.
R a ilro a d an d M iscella n eou s S tock s in N ew
Y o r k , 1 8 9 0 -1 8 9 4 —H ig h e st a n d L o w e s t
P rice s M on th ly .
R a ilro a d B o n d s in B o sto n , 1 89 4 —H ig h e st
a n d L o w e s t P rice s M on th ly .
R a ilro a d S to ck s in B o sto n , 1 89 4 —H ig h e st
a n d L o w e s t P rice s M o n th ly .
R a ilro a d B o n d s in P h ila d e lp h ia , 1 8 9 4 —
H ig h e st a n d L o w e s t P rice s M on th ly .
R a ilro a d S tock s in P h ila d e lp h ia , 1 89 4 —
H ig h e st a n d L o w e s t P rice s M on th ly .
R a ilro a d B o n d s in B a ltim o re . 1894—H ig h ­
e s t a n d L o w e s t P rice s M on th ly .
R a ilro a d S tock s in B a ltim o re , 1 8 9 4 —H ig h ­
e s t a n d L o w e s t P rice s M o n th ly .

» » » ----------* « ■ ! » ■ »

A R T H U R C. P E R R Y ........ .
" .'.’ " i .......... Cashfti
JOHN P . MUNN...................... . . . . /¿¿d icM D h lS tO T
„ „ „ „ ...... FINANCE COMMITTEE:
j o H N j . T u ^ E R IS: : : : ; : ; ; ; ; P res- Chem- N^ T
JAMEPER K T # M .^.P.r.eS: Im .: *
p
P

e*

?! .Leather

The Mutual Benefit
L I F E IN S U R A N C E C O ., N E W A R K , N . J
A M ZI DODD, President.
^ S ^ i MaY
S
jTetJ raluJel ). Jan- 1- 1885.......... 565,064,388
Liabilities (N. Y. and Mass. S tandard).... 51,813,853
iSnrplUS...............................................
*
ooibieoK
Surplus, by form er N. Y . Standard, "(Am."
’
’
Ex. 4% per cent R eserve).......................... 6,728,887
P O L I C IE S A B S O L U T E L Y N O N -F O R F E IT A B L E A F T E R
SECOND Y E A R .

In Case o f Lapse the Policy Is c o n tin u e d in force
as long as its value will pay fo r ; or If preferred, a
Paid-up policy fo r Its full value is issued in exohange.
A lte r the second year Policies are in c on test ­
a b l e , ana all restrictions as to residence, travel or

occupation are removed.
Cash loans are made to the extent of 60 per oent
o f the reserve value, where valid assignments of
the policies can be made as collateral security.
L osses paid immediately upon completion and
approval of proofs.

FI* L 8 A g en ts W a n ted
O AS
B y a F IB ST- CLASS COMPANY.]
L IB E R A L CO N TR ACTS.
U N E X C E L L E D P O L IC I E S
INCORPORATED 1848.

Union Mutual
Life Insurance Company,
P o r tla n d , M a in e .
Address either:
EDSON D. SCOFIELD, Supt.,54 William St.,N.Y.Clty
THORNTON CHASE,Supt.,84 Adams St.,Chicago,111.
I

A . Strass burger,
STO CKS & BO NDS B R O K E !
T H E RN INVESTMENT SECURITIES-

Montfifomerv, Ala.

The Globe Filing System
is th e m o st perfect
ev e r d e v ise d fo r the

Systematic Piling of Papers
Illustrated catalogue-free.

THE GLOBE CO., Cincinnati.
43 Beaver £ t , N. Y.

SECURE BANK V A U L TS .

Appendix—
Investors’ Supplement.—(Iss u e o f J a n u a ry
26,1895, B o u n d u p with the R eview .)

B o u n d in re d d o t h , -

-

-

-

T o C h ronicle S u b scrib e rs,E -

fti 00
• 1 50

GENUINE
WELDED CHROME STEEL AND IRON

W M , B . DANA COM PANY,
PUBLISH ERS,

P in e St.y Cor. P earl S t., N ew T o r k .

R ound and Flat Bars and 5-ply Plates and A ngles
FOR SAFES, VAU LTS, &0.
Cannot be Sawed, Cnt or Drilled, and positively
Burglar-Proof.

CH ROM E STEEL W O R K S ,
BROOKLYN, N. Y

ole Man’f ’ers in the U. S.

îh e
© o t t o u .

c h r o n ic l e
© 0 tt0 U .

W OODW ARD
& S T IL L M A N , IN M A N , S W A N N & Co
MERCHANTS

COTTON MERCHANTS,
N ew Y o rk .

YORK.

W alter T. H a tch ,
H e n r y P rescott H a tch ,
A r th u r M elv in H atch
Members of N. Y . Stock and Produce Exchanges,

W . T . Hatch & Sons,
96 Broadway & 6 W a ll S t , New York.
Dealers in Investment stooks and bonds.
Personal attention given at the N. Y. stock E x.
change for the purchase and sale on commission of
stocks and bonds for cash or on margin.
Interest allowed on deposits, subject to draft at
sight.

46 to 22 WILLIAM S TR E E T,
NEW

[Vol. Li.

COTTON OP A L L G R A D E S SU IT A B L E TO
W AN TS O F A M E R IC A N SPINNERS.
UHHAH. St e r n A Co., Limited, New Orleans, La.
(iEHMAN-Du r r Co., Montgomery, Ala.

Henry Hentz & Co.,
COM M ISSION

LEHMAN
c o n m

s s i o N

BROS.,

m er c h an ts

,

M ER CH AN TS,

1 6 to 9 9 W i ll i a m S t ., N e w Y o r k .

F.

H.

Prince &

C o,

EXECUTE ORDERS FOR FU TU RE D E L IV E R Y

BANKERS,

Nos. 16-22 W illiam Street,

COTTON,

KEW YO RK.

A t the New York, L iverpool and New Orleans
Cotton Exchanges. A lso orders fo r

«E M B E R S OF T H E STOCK, COTTON, OOF-

A t the New Y ork Coffee Exchange, and

MASS.

COFFEE,

FE E A N D PRODUCE E X C H A N G E S ,

BOSTON,

New Y o b s.

HIGH

GRADE

INVESTMENTS,

G R A IN AND PR OVISIO NS,

Orders executed on the above Exchanges as well
ss In New Orleans, Chicago and foreign markets.

A t the New Y ork P roduce Exchange
and the Chicago Board o f Trade.

Members o f New York and B oston Stock Exchanges

Hubbard, Price & C o., Hopkins, Dwight & Co.,
COTTON EXCHAN GE BUILDING,
ME W Y O R K .

COTTON, COTTONSEED

General Commission Merchants.
Members New York Stock Exchange, New York
Ootton Exchange, New York Produce Exchange, New
York Coffee Exchange, Chicago Board of Trade.
Orders executed on any of the above Exchanges,
«Iso for pnrcnase and sale of cotton for future de­
livery in New Orleans and Liverpool. Liberal ad­
vances made on cotton consignments.
P R IC E , R E ID

SO U TH ER N PRODUCE

COMMISSION

MERCHANTS

S T . L O U IS .

N EW YO RK .

C a p ita l,
9 5 0 0 , 0 0 0 1S u rp lu s,
$ 3 9 5 ,0 0 0
W A L K E R H ILL, President,
A L V A H MANSUR, Vice-President,
L. A . B A T T A IL K, Cashier,
W . L. RICKER, A ss’t Cashier.
Best Organized Collection Department In Mo.

L udus Hopkins Smith.
Samuel Hopkins.

N o rfo lk , Y a .
Spoetai attention given to orders for ootton for
foreign or domestic shipment.

1. O.

G xo.

B lo ss.

h

. CHURCH,

J. O. BLOSS & C O .,
COTTON

M ERCHANTS,

99 W illiam

M ERCHANTS,

P H IL A D E L P H IA .
L iv e r p o o l

c o r r e sp o n d e n t s

F re d e ric Z e r e g a dfc C o .
Br e m e n Co r r e spo n d e n ts
M cF a d d e n , Z e r e g a A C o.
M. T. Ma in e .

W m. b a y .

B.

f.

Ev a n s , Special.

Geo. Copeland & C o.,
COTTON
1 9 9 P e a r l S tre e t,

BROKERS,
N ew Y o r k .

Ootton landed at mills from Southern markets a
specialty. Orders for future delivery contracts
•xeented on New York Ootton Exchange.
Pa u l Sc h w a r z .

SUCCESSOR TO

8. A .

fatm an,

Spedai.

MANUFACTURER AND D E A L E R IN

BANKER,

C O T T O N S A IL DUCK

No. 1 BROADWAY, NEW YORK.

Bliss, Fabyan & C o M
N E W Y O R K , B O S T O N ,P H I L A D E L P H I A .
Se l l in g A g e n t s
BROW N

G eo . W . B a l l y .

J. A . M o n t g o m e r y

Geo. W . Baily & Co.,
COMMISSION MERCHANTS,
COTTON AND NAVAL STORES.
C o tton E x c h a n g e B ld g .
NEW Y O R K .
Bxeoute Orders for Future Delivery of Cotton.
Correspondence invited.

COTTON

AND

CR AIN

fob

L e a d in g B r a n d s

and B L E A C H E D S H I R T I N G S
and S H E E T IN G S .

PRINTS, DENIM S, TICKS, DUCKS, * 0
T o w e ls , Q u ilts , W h it e G oo d s and H o s ie r*
D r ills , Sheetings, <6c„ fo r E xp ort Trade.

Jos. O . Osgood,
M. Am. Soc. C. B.
C o n su ltin g E n g in e e r.
Reports on Investm ent Properties fo r Bankers
and Investors.
Exam inations In regard to physical condition and
character, earnings, management, needs, value, etc.

STOCK BR O K E R S,
DRBXBL BUILDING, PHILADELPHIA.
Private wires to New York Stock .and Ootton
Exchanges and Chioago Board of Trade.




Hatch & Foote,
BANKERS,

No. 7 PINE STREET, NEW YORK.

INVESTMENT SECURITIES.
__
Edw ard

120 BROADWAY,

-

•

NEW YORK

WM. F R A N K L IN H A L L
BOOKS

ACCOUNTANT

A U D IT E D

New form s designed fo r books o f acoount.
Settlement o f Insolvent Estates.
*18 Exchange Building, 68 State Street, Boston

Fifth Avenue Hotel,
M a d is o n S q u a r e, N e w Y o r k .
The largest, best appointed and m ost liberally
managed hotel In the d ty , with the m ost central
and delightful location.
HITCHCOCK DARLING A CO.

r

R ic h a r d P r io r M o r g a n .
. Mo r g a n .
D w ig h t c . M o r g a n .

Rich. P. Morgan & Sons,
R A IL W A Y EXPERTS
D W IG H T , IL L IN O IS , U . 8 . A .
H aving extended experience in the construction
and operation o f railways, we offer our services as
I n d e p e n d e n t E x p e r t s to exam ine and report
upon the charater and Co n d it io n of t h e Co n s t r u t io n and E q u ip m e n t o f R a i l w a y s and also
their haee N et Ea r n in g Ca p a c i t y . W e have
recently exam ined fo r capitalists and reported
separately upon nearly all o f the principal railroads
west o f Chicago between Canada and Mexico.

CHAS. M. ROLKER, E. M.
Mining Engineer and Metallurgist,

R a i lr o a d L o c a tio n and C o n stru ction .

FOR FU TU RE DE LIV ER Y.

Frederick Paxson & Co.,

INVESTMENT SECURITIES.

O
W

OOTTON CAN VAS FELTING DUCK,
CAB COVERING BAGGING,
RAVENS DUCK, SAIL T W IN E AC.,
POPE “ A W N IN G ” STRIPES.
A e n re
U N IT E D S T A T E S B U N T IN G C O .
A fu ll supply all W idths and Colors, always in
•took.
1 0 9 D u a n e S t r e e t , N e w IT ork *

Fatman & Schwarz,
O O T T O N C O M M IS S IO N M E R C H A N T S .
1 W i l l i a m S tr e e t, N e w Y o r k .
Members New York Cotton, Coffee and Produce
Exchanges.

A. S. Van W ickle,

B r in c k e rh o ff, T u r n e r & Co.,

A N D A L L K IN D S

Geo. H. M°Fadden & Bro.
COTTON

J. Spencer Turner,

Street,

NEW Y O R K .

American Exchange Bank,

R oom 5 9 , C otton E x e h a g e B u ild in g ,
GustavusG. Hopkins,
Charles D. Miller,

dc C O .,

O IL

AND

9 0 NASSAU ST R E E T,

-

NEW YO RK

In sp ects an d re p o rts on m in e s, m ills and
tre a tm e n t o f o r e s.
Refers, with permission t o :
M e s s r s . J . & W . S E L I G M A N & C O ., N .Y
Hon. A B R A M S. H E W IT T , N. Y .
A.

E I L E R S , F r e s ’ t . C o l. S m eltin g Co
P u e b lo , C o l.

T H E B R I T I S H S O U T H A F R I C A C O .,
19 St. Swithlns Lane, London, E. C.
B A R O N E M IL E B . D ’ E R L A N G E R ,
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A L F R E D B E IT , E s«„
Of MESSRS. WRRNHRB, BEIT A CO„
ISO Bishopsgate Street, within, London, B. C