Full text of Commercial and Financial Chronicle : May 12, 1894, Vol. 58, No. 1507

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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H U N T ’S M E R C H A N T S ’ M A G A Z I N E ,
^
g tfirjsirpe t,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES
[ E»u«re>l. ic c o r d m s to A c t o f C ongress, In th e y ea r 1 3 9 1 , by W * . B . D aha & C o., In th e office o f th e L ibrarian o f C ongress, W ash in gton , D . O.]

YOL. 58.

SATURDAY, MAY 12, 1894

g lu e C h r o n ic le .

NO. 1507.
Week Ending May 5.
1804.

Terms of Subscription—Payable In Advance:

New York .
Salts of—
{Stock*....
<Grain....

1893.

Week End'<j April 28

P. Omt.

X

—40*2 440,892.372

f1,389.810)
(20,810.012)

v3.364,900)
.52,275,287;

1948,343)
(-64*3) i
(-49*71 (34,004.687;

91.019.004
5,55.1,800
1,031,050
1.350,405

117,400,266
8,039 100
2,399,807
1 .784076
4 7 3 2 .8 0 9
1,500,954

Boston........................
Provtdenoe...................
Hartford.......................
New H atch. .. .. .* .......
Springfield....................
Worcester............ . .. .
Portland.... .
.
Fall R i v e r ..............
Lowell........
.
New B edford..............
Total New Bug Sand.

106,004718

134,995.018

—21*6

P h ilad elp h ia....
P ittsb u r g .......
B altim ore.......

#6 1.040,298

82.486.990
16.371,494
15.071,089

-2 4 9
-15*4

O n e tim e ................. ................... S 3 SO I T hree M onths (13 tim e s ) ..$ 2 5 00
One M onth
(4 tim e s ).. 11 0 0 i S ix M onths
(26 •• ).. 43 00
Two M onths
(8 “ ) . . 1 8 0 0 1 T w elv e M onth* (5 2 ** ) . . 58 00
(The ab ove term s fo r o n e m o n th and u p w ard a re fo r s ta n d in g cards.)

W ashington....
Rochester..........
S y ra cu se,.... .. .
W ilm ington.....
BIrnfham ton.......
Scranton *------Total Middle..

4072.492
1,658,233
918,048
099,162
378.100
670.322
98 754.640

2,000.755
l,499.3f*4

-41 0
-1 9 5
-3 9 1

Terms of Advertising—(P er Inch space).

B u ffalo ................

London Agents:
M essrs. E d w a r d s A S u tr a , 1 D rapers' G a rd en s, E . C ., w ill ta k e subtertptsons and a d v e r tisem en ts, and su p p ly s in g le c o p ie s o f th e paper
at I s . each .
( W I L L U A B . D A N A A <?«., D o b l l a h e r s ,
WILLIAM B.
)
P t o e S t r e e t, C o r n e r o f $*e«rl S t r e e t,
ru»TD. fP M R Orvt( ( BOX .*58.
SEW TOHK.

—On page MO will be found the detailed returns, by States,
of all the national banks, under the Comptroller's call of
February 38, 18M. kindly furnished us by the Comptroller.
The return:* for December 19, 1893, were published in the
Chronicle of February 10, 1894, page 239.

Portland.....................

The following table, made up by telegraph, etc,, Indicates
that the total bank clearing* of all the clearing houses of the
United State* for the week ending to-day, May 13, have oeen
t m . m j m against 1808.803,787 last week and *1,271,1535,175
the corresponding week of last year.
Wm» BnHnt May t*.

Asetimi* by- T«4*er*fhfc.

1894.

"evr York ...................... ******
tm u m
__
Philadelphia ... . . . . . . . . . . . .
B»ltlroor*................. . . . . . .
0 lk M « ... ................. .......
8 4 Lents ....
New Orle a n s ......
.............. .

#308,030,037
S7.919.70S
51,182,135
13,227,093
78,287,819
18.554330
A 9U .179

#828,181.098
82,343.874
63,084,887
12,290.854
93,899,023
24700,000
8,427.175

—38*5
-17*5
18-9
-U S
—21*8
-14*5
-18*0

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

....

*810,118,703
108,957,418

m > 9,713.201
165,418,998

-32*3
-31*2

Totml *11 cm **, S '1*7* .
AB etttea, 1 d a y ..
__ ....

f7 23.046.203
143,071,483

§1,005.129,559
308.405,818

-32*1

....Total *11 cU!»« for w e ek ..

*880,117,886

f 1,271,535.175

-31*9

18*8,

Cincinnati.............
Milwaukee............
Detroit.. . . . . . . . . . .
Cleveland..............
Columbus.............
Peoria........... ...
Indianapolis....*.
Grand Rapids.....
L exington,.,. . . . .
g»«ina*r,. . . . . . . . .
Bay C ity..... . . . . . .
A k ro n ............
Springfield,
" ©»»»••
C an to n .....
Total Middle Western,
S an F ra n c isc o ............

CLEARING HOUSE RETURNS.

Censuses.

C h ic a g o .,.-...........

P a r e n t.

8 a lt L a k e C ity ..........
S e a t t l e . . . . . . . . . . . .......

Tacom a...

1,003,191

4292.816
4286.931
701,284
8.2,707

! 5 o x F a lls ................ .
Fargo*..........
Total Pacific
Kansas C ity ..* ,,.....
M inneapolis..................
O m ah a....,........
3t. Paul........ ...........
Denver........ ...............
Duluth.......... .............
St. Joseph...................
Sioux City— . . . . . . . .
Des Moines...... .........
Lincoln..
........ .
W ichita......................
Topeka................. .
Fremont.......................
Total Other Western..

33.850.354
13.839,682

8,774.2*5

101,802,787
6,694,823

4.410,173
3,027.900
2,037,950
4290,773
984*29
333 969
310.007
292,000
153,324
169,184
139,063,700
17.455.812
4044,463

«

-

125.671
IUJ.B70

VSAOMiO '
a.iayas
tt.7itl.44S

-1 0 * 7
20*1

-

-7*4

-5 1 * 3

Si
-11*4

081,600

-17-9
+27*9

—9*0
—55*7
—22*3
-29*5
-14*9
-H>*5

*S85g
409,;

-16*i«

400,047

-28*1
0*1

h11
8*8
354020 —
284,224
222,055

-65*

185.000

i7 4 S w 8

-27*4

-7 3 7

585,112
243.104

11*0

18.004.420

-39*7
-41*0
-3 1 2

9.118,077
4,692,907
4,830,351
2,069,120
2,7 1 4 4 0 4
1,707.300
1,201.092
087,429
43 4 5 ,2 3 1
411,734
458.767
437/
90,:
30.417,413

4 5 0 6 ,9 3 0

4031,971

176,401

+47*0
-^8*8
-

13.41M.823
1458|,v0P

-24 8

3U KU40 - S 4

1*8,20^

60,331,877

8S&S8
2,000,000
2,497,012
4603.424
2,306,645
1,362,456
4332.000

BOtf.055
009,094
820.000
033.535
385,282
450,711
00,100.457

218.014
275,110
142.038
118,157
141.423
112,310,851
12,787,581

2,418.279

828.078

8333.488
88

- 1*0
-32*0
-23*2
-5 1 4
-3 0 6

17,741,508

6/812,594
992.305.737 4484.O0B.380
455,737,710 “686^80,200

-3 8 1
-22*7

-0*0

-17*3
-

10*1

+23*1
—19 0
-31*2
-16*9
—20 5
-2 0 7
-2 0 7
-1 3 7
-5 6
-10*3
-21*3
-2 0 7
—29 8
- 3*7
+129

4249,290

1,008.490
086,858

643,661
770,282

121,098

19,394,252
0.429.238
5,092,218
1,9:13.995
1.954,210
47 4 0 ,7 9 8
4352,375

l»

+10*2

706,9115
078.0*5
895,758
870,875

- 43*9
-4 4 0

693.554

-2 2 8

+15*2
—41*4
+26*7
—43*1
—36*3
-25*6
-23*6
-14*4
-2 0 8
- 21*1
-2 4 9
-4 1 1
-2 2 7
-2 9 3
- 00*5
-16*8
-lb-S

S i

-3 2 9
-3 0 6
-A !
-

21*1

-2 8 3
vO‘3
-2 2 9
—16*6
+11*3
-29*4
-26*6
-18*4

—32 1
-19*9

-m

-19*4
+15*8
—25*0
-2 0 * 4
-3 1 * 2

-0*5

+20*0

+34*6
-3 1 * 8

ATS

207,137
892,809
173,762

-1 8 7

«,677.433

-48*7
—19*4

-22*3

830.W7.963
889,756,691

-22*3
-18*7
-1*3
-14*0

P,674.559

—4*0
-9*5
+11*4

859,407

-1 0 2

8,709.624
1.035,226
991,360
644,771

12,841,990 '' 18,326,334

—5*4

589,980
14,940,970

423O.800

-13-9
-11*7
-13*5
—29 2
-12*3

700.589
683.421
337.501
92,619,738

—14*6

1.018.5:13

HMS

=s?

1.127.000
4095.878

58,209,335
13,750.283
11,592 547
3,380,077
l,09n,OO7
1,267,892
7t 0.539

11*0

-23*0

79,822,159
11,812,100
4,100,802
480i.2i2
4.004.080
3,097.800
1.807.080

2,302,976
4088,127
4330.076
687,838
608.831
400.041

SiJ-gJI

-

-25*0

1,4*5,000
Wi.428
1,3*2.296
,88.310
*58.663
466,760
130.r54,(103,608

J’fiKuSo

80,718,458
3.990.000
1+60.074
1.133,398
1,962,053

125.979.723 -1 9 2
14 090,7' Oj
-2 3
11.8 ,‘6.800 -04*5
7,958.859;
6,959,192
-2 0 0
4.322,900
2.125.50U
-4 1

134352,891

7,32*,98?
4.865,042
4,076.320

M S ’U a

-25*3

292,500
700.845
91,705,730

5.035.876

5,tt5i!,V7•2,lMO.i7U

8*0

-0 2 0

»

m ,iu

8*0

--1 I

&

The full details of clearing* for the week covered by the N a s h v ille .................
above statem ent will be given next Saturday. We cannot, of N o r fo lk .................
courts?, furnish them to-day, bank clearings being made up by
Fort Worth........ .
the various clearing houses at noon on Saturday, and hence in Birmingham.
............
the above the last twenty-four hours of the week have to be J a c k s o n v ille ............
Chattanooga......... .
in all case* estimated, as we go to press Friday night.
We give below our usual detailed figure* for the previous T otal Southern . . . . . . .
....
week, covering the returns for the period ending with Satur­ Total a ll.......
Outside New Y ork...
day noon, May 6, as well as the comparative totals in 1893.
Compared with the prevents week, the aggregate exchanges
sho w an increase of nearly one hundred and sixty-two millions M ontreal...,
of dollars, the gain at New York being ninety-five and one- £ 5 ? S £ r ;.
haif millions. Five of the cities record gains over the corres­ Hamilton .,
ponding week of 1893, but in the total for the whole country Winnipeg.*.,
there is a decline of S i per cent, In percentage of decline Total Canada...............
Spokane continues to leaf) with 73*7 per cent, being followed
* Not Included In totals.
by Milwaukee, 84 1, and Buffalo, 82 per cent.

-

‘ffiJu

m.m*

23,-83.138

H o u s to n ....................
Richmond.............
Savannah .......................

-22-5

-19*5
-25*3
-4*0
-2 3 9
—22*5
-15*7
-1 9 1
-3 0 2

404300

Los A n g e le s ..

Helena.
Hole;

\P , Omt.

897,188,120

For One T e a r ....................................................................................... BIO 00
For S ix M onth*....................................................................................
6 00
E u ro p e a n S u b s c rip tio n (In c lu d in g p o rta ir e ).................—
12 00
European S u b scrip tio n S ix M onths (Includ ing p o sta g e ).
7 00
A nnual S u b scrip tio n la L ondon (Includ ing p o s ta g e )— A 2 lo g .
Six Moo.
do.
do.
do.
-----Ml 10 b.
The txvM TOsa* S ctplem kht o f 1 8 0 page* la Issued e v er y oth er
month, on th e laat S a turday* o f Ja n u a ry . M arch, M ay. J u ly , Septem ber
and N ovem ber, and fu rn ish ed w ith o u t e x tr a charge to a ll su bscrib ers
of the Ch r o sic l b for s ix m o n th s o r longer.
The SraTB * » » CITY Sri't-i.EMKVT o f 1 8 4 p a g e s Is a lso g iv e n to ev ery
fta H v sub scrib er o f th e CBROSnCL*.
F ile c o v er s a re so ld a t SO eeiu a ea ch , a n d to n e w su b scrib ers fo r a
T sar one file c o v er U su p p lied w ith o u t c h a r g e ; p o s ta g e on th e sam e is
IS cen ts.

ViSSSS

1894.

630,567,001

S i

+0*4

—7*8
5*7

THE CHRONICLE.

792

[Y ol. LTVIII.

220 miles. This has been the most successful venture
that has distinguished the movement. But now that
ST*T£ AND CITY D tfA im /F * N T . the crowd has been arrested, the fact that they are
five hundred strong should not stand in the way of,
S ee p a g e s 8 3 0 , 8 3 1 , 8 3 2 , 8 3 3 a n d 8 3 4 for our State but be an additional reason for, their speedy punish­
and City Department.
ment to the extent of the law. If a hungry man
should
steal a biscuit he would be made to suffer
All advertisements with relation to State and City Bonds
the penalty. Here are a lot of men that can get
will likewise be found on the same and following pages.
work but have refused i t ; that are tramping around
the country, and wherever they go settling down
upon and compelling timid people to feed th em ;
T H E F IN A N C IA L S IT U A T IO N .
risking the life of every man, woman and child that
The week has shown no particular change in condi­ is traveling in the West ; recklessly destroying the
tions. Money has remained a drug, our domestic business and the property of a number of railroads, and
money flowing in faster than the world’s money can doing much to depress the industries of the whole
flow out. Gold has continued to leave us, about the country. Shall any of these tramps who have now
same in quantity as heretofore, the amount shipped been caught in flagrante delicto, escape with the reten­
since last Saturday, including the exports of to-day, tion of a few of the leaders ? We say no! a thousand
being about $6,000,000, against about $5,500,000 times no! There never was a body of men who so
the previous week. This of course is a drain on the richly deserved extreme punishment. Besides, it is
Treasury reserve, and that fact no doubt tends to in ­ full time that an example should be made ; the farce
crease the timidity of capital. But as the law com­ has been in progress long enough; the law-abiding public
pelling silver purchases has been repealed and as the is getting restive under the prolonged infliction.
Treasury can borrow more gold when it sees fit, no nerv­
No one will be surprised at the accumulating evi­
ousness is felt over the stability of our paper notes, the dence of the deep impression the strikes and the tramps
public beiDg well aware that as soon as business springs are making upon our industries. The effect of the
up an occupation for the redundant currency will exist, strikes is most clearly seen in the figures we give
taking it away from this center, making money dearer further below in this article of the furnaces in blast
and stopping gold exports. What a pity it is though on the first of May.
What a serious set-back business
that in the meantime we oblige ourselves to endure has received from that one cause is told there. Rail­
this loss of confidence and its depressing effect on our road earnings are also disclosing not only what the
industries all because we choose to neglect to devise a strikes are doing but what over a large section of the
paper money system possessing the function of going country the Coxey tramps have helped to produce.
home when out of use instead of stagnating at our trade Indeed few people dare travel where the roads are
centers and disturbing the natural action of currency subject to interference by these lawless bands of
rovers, while on some lines all traffic has from
laws.
The strikers in the bituminous coal and coke districts the same source been materially embarrassed.
every interest was under
full
headway,
exhibit the same persistent, restless spirit, unwilling to If
work and determined that no one else shall work, car­ either or both of these causes would have less influ­
rying their determination to the extent of killing if ence ; but when every interest is struggling to con­
need be every man whose family necessities force him tinue in operation without loss, or without too great
to work. Their expectation is, as a result of it all, loss, the harm which such irregularities can work is
that a stress in the demand for fuel from railroads and greatly aggravated. Through it all, however, the
factories will soon be so great as to check the little courage of the public has been well sustained, Stock
industrial movement now in progress, and out of the Exchange prices having declined but little, though
deaths they cause and the wider business distress and transactions have been very limited except in the inconsequent failures they produce, will come in some dnstrials.
The bank return of last Saturday showed a furthe^
unknown way a benefit to themselves. Substantially,
their profits are to be gauged by the size of the grave­ gain in loans of $4,259,800, bringing this item up
yard they fill. The Coxey tramps have lost the im­ to $465,162,100, against $443,798,700 March 31. The
portance their movement first wore. At the outset specie increased $6L4,800, while the legal tenders de­
little bands collected almost everywhere throughout the creased $14,500, making a gain in cash notwithstanding
North and West. As soon though as the free-ride prom­ the gold exports of $600,300. The deposits were aug­
ise proved to be of doubtful realization, and risky at the mented $4,840,400, and the surplus reserve fell off
best, they began to scatter again, and the only condition $609,800, the total surplus standing at $82,808,150.
that has prevented the entire disbandment of the most Money on call, representing bankers’ balances, has
of the companies is the unfortunate position they are loaned generally at 1 per cen t; the average is only very
in of being out of their old haunts and without con­ slightly above that rate, a few loans being made at
genial surroundings in their new position or even an a fraction above ; renewals are at 1 per cent, and
per cent.
open way of escape. So the organized bands which banks and trust companies quote 1 to
circumstances have still held together are trying to Eor time money there is scarcely any demand. Indi­
move on with the apparent hope of finding a suitable viduals and commission houses who are carry­
little
difficulty in
loaning
retreat where the round man will get into his round ing stocks find
the majority of them to the shorts at rates below those
hole again and the square man into his square hole.
The largest company of these men left afloat is, we which rule for the shortest dates, and consequently there
believe, the one which Tuesday night of this week stole is no inquiry from this quarter. The amount of money
a Denver & Rio Grande engine and six Missouri Pacific offering does not diminish and the number of those
coal cars at Colorado City, and were not caught until who offer it seems to increase, including, as was the
they reached Scott City, Kansas, after a ride of about case last week, insurance companies in the city and
THE

May 12, 1894.]

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THE CHRONICLE.

793

,F r i„
M on.. T u es.. W ed..
T h u rs ., Fri..
banks and trust companies in adjacent cities. Conse­
M ay 4. M ay 7. M ay 8. M ay 9. M ay 10. M ay 11.
88*
Hro.
5 60 days . 8854 8854
8854
*8854
9854
quently rates are low, and a feature this week is the Rmwn
B row n B r o s .... ^ SJjclit..... 90
90
90
90
90
90
quotation of 1 per cent for thirty day3, which is un­ B aring,
f 60 d a y s .. 8 8 *
8854
8854
8854
8854
8854
90
M agoun & C o .\ S ig h t- . .. 90
90
90
90
90
precedented in the history of the market. The rate B ank B ritis h (6 0 d a y s .. 88
88
88
88
88
88
No. A m erica.. ( S ig h t..... 8954
8954
8954
8954
8954
8954
for sixty days is 1 | per cent, for ninety days 2 percent,
B an k o f
<60 d a y s .. 88
88
88
88
85
88
for four months *24 per »ent, and for fire months to the M o n tre a l-. . . . 1 S ig h t..... 8954 8954
8654
8954
8954
8954
S8
C
an
ad
ian
B
an
k
I
60
d
a
y
s
..
88
88
88
88
88
end of the year 3 per cent. As a rale first class collat­ o f C om m erce. \ S ig h t- ... 8954 8954
8954
8954
8954
8954
H
eidelhach.Ick(
60
d
a
y
s
..
88
88
88
eral with good stocks as a margin is required, but
88
88
88
e ih eim er & Co t Sight----- 8954
8954
8954
8954
8954
8054
many of the banks and trust companies demand all
88
SS
88
88
88
H azard F reres... j
8954
90
S954
8954
3954
8954
first-class security. There are a few, however, who
M e rc h a n ts’ Bk. (6 0 d a y s .. 88
88
88
8854
8854
8854
90
90
90
8954
in order to make loans will accept good mixed collat­ o f C an a d a— f S ig h t...... 8954 8954
The market closed dull and steady ou Friday at 4 88 to
eral, provided the mixture is not too large. Commer«ial paper continues in good demand, and one feature 4 884 for sixty-day and 4 895 to 4 90 for sight. Rates
has been a little better supply, resulting from the for actual business were 4 87$ to 4 87£ for long, 4 884
receipt of goods for spring deliveries; but the inquiry to 4 88f for short, 4 88f to 4 89 for cable transfers,
is so urgent that these names have been promptly 4 86$ to 4 87 for prime and 4 8G| to 4 86f for docu­
taken, leaving but a small supply of paper on the mentary commercial bills. The steamship La Cham­
market. Quotations are 24 per cent for very choice pagne arrived on Sunday with 1760,000 and the Spree
endorsements, 2 | to 3 per cent for sixty to ninety day on Wednesday with $522,400 gold in transit to Cuba,
endorsed bills receivable, 3 to
per cent for four and the Concha from Havana brought $40,200 gold
months’ commission house names, 34 to 4 per cent for and silver on Thursday in transit to London.
The Agricultural Bureau at Washiugton on Thurs­
good four to six months’ single names and 4 to 5 per
day
issued its report on the condition of the wintercent for those not so well known.
wheat
crop the first of May. The report had been
About the only incident abroad this week has been the
awaited
with more than ordinary interest, since it was
very close vote in the English Parliament on Wednes­
known
that
the weather conditions had not been al­
day, suggesting a possible defeat of the budget if not of
together
favorable—a
low temperature and a backward
the ministry. Thursday night, however, the second
spring
having
in
several
sections been accompanied by
reading was ordered by a vote of 308 to 294. The
a
long
period
of
drought
and high winds, raising appre­
Bank of England minimum remains at 2 per cent.
The cable reports sixty to ninety day bank bills in hensions of damage to the growing plants. The Bu­
London 1 | per cent; the open market rate at Paris is reau makes the general average of condition for
11 per cent, at Berlin it is 1 | per cent and at Frank­ the whole country 81*4, which is a little over five
fort 1$ per cenc. According to our special cable points lower than on the 1st of April, when the condi­
from London the Bank of England gained £250,035 tion was reported 86*7. After this decline, however, the
bullion daring the week and held at the close of the average still stands considerably higher than a year ago.
week £32,100,155. Our correspondent further advises Then the condition was only 75*3, now it is 81*4, or
ns that the gain was due to £635,000 sent to the interior six points better. In most sections the improvement
of Great Britain and to the import of £885,000, of over last year is actually very much more decided than
which £825,000 was bought in the open market, £23,- is indicated by these figures. It happens that the gen­
000 came from Portugal, £*22,000 from Austria and eral averago has been materially lowered by the very
poor returns from one or two leading producing Ftates.
£15,000 from Egypt.
The foreign exchange market has been dull and Here is a table permitting comparisons for a number of
steady this week and so bare of bills as to lead to the the more prominent States.

shipment of gold by every European steamer. The
drafts made against these gold shipments have been
absorbed by the market without materially yielding in
tone until towards the close. The large imports of raw
sugar this season, and more particularly last month, are
said to be due to forced.selling by Cuban planters, to
the delivery on contracts made by the American Sugar
Refining Company some months ago and toimports of the
prodact of the beet root from Europe made in anticipation of changes in the tariff. The fall in exchange
at Paris on London from 25 francs 20 centimes on
Monday to 25 franca 19 centimes on Tuesday and 25
francs 17 centimes on Wednesday, and corresponding
changes in the rates for sterling at Berlin, account for
the shipments of $1,200,000 gold on Tuesday and of
II ,900,000 on Thursday, and in part for the engagementa of $2,900,000 made on Friday for export to-day,
though the rate now is 25 francs 1&| centimes.
The arbitrage houses have done so little in stocks this
week that their operations have made no impression
upon the market, and although it was reported that
#2,000,000 4 per cent St. Paul bonds had been sold for
European account, there was no evidence in the ex­
change market of such a transaction. The following
shows the daily changes in rates of exchange by leading
drawers.

cojfom os o r w x an n
|
|

1891.

w hkat .

189i.

1898.

S ta tu .

IjtprO . : May. A pH ! . M at/. f J u n e A p ril. M ay. J u m .
O h i o . . . , , . . . . ........
....
In d ia n a .............................
Illin o is. ........... .
.......
M issouri ... . . . . . . . . . . . .
K a n s a s ... ........................
MloJiUnui...........................
C a lif o r n ia ..,__ . . . . . . . .
O r e g o n ..... . . ........ ......... ..
N tw T o r t ..........................
P r a u r t t a a t e ...................
T e n n e s s e e .... . . . . . . . . . . .
M a ry la n d — ...................
V irg in ia.......... .................
T e x as..............................
A t « . w hol* c o o n ir r .

90
m
m
m
n
m
87
05
99
m
m
91
58
m
m i

m

m

m

90

89
7*
76
62
74
«7
99

7»
62
72
51
71
77
99
88

n

83
99

102
87

98
97

88
01
97
85
74 j

92
90
06
06
69

81
78
86
79
89

£5
85
80
90
86
91

97
89
0S
93
92
93

77*4 * 76*3 | 76*5

81*2

84*0

88*8

m
m

76
83

51
m
S8
05
87
90
70
83 j
93
89 |
81
87
82 ; 100 j
8T4

00
81
67
74
47
72

71
78
82

72
77

75 1 84
85
87
86
86
74
78
80
87
84
80
94
98
97
98

Thus most of the State averages are quite high. For
instance, in the Middle Western belt the condition
of both Ohio and Indiana is given at 90 and Illinois at
89; at the corresponding date in 1893 the figures for
the same States were respectively 88, 79 aD<l 62. In
Missouri the average is 83 against 72, and in Michigan
83 against 71. In California—a large producing State
—we have an average of only 52, in Kansas an
average of 75 and in Tennessee an average of only
70. As far as Kansas is concerned the average
even at 75 is very much higher than in 1893,
when it was reported only 51,
But the Tennessee
average at 70 compares with 91 last year, and the Cali -

794

THE CHRONICLE.

VOL. L V II 1.

fornia average at 52 compares with 77, the latter State against $168,392, the figures being stated in Mexican
consequently showing a decline of 25 points from an currency. The Louisville New Albany & Chicago has
average already low in 1893. With reference to this lost $53,134 in gross, $23,611 in n e t ; the Chicago &
poor prospect in California, the Agricultural Bureau says West Michigan, $39,255 in gross, $22,215 in n e t ; the
that the long-continued drouth, accompanied a great Detroit Lansing & Northern, $10,445 in gross, $10,198
portion of the time by high winds, proved very disas­ in net, and the Philadelphia & Erie, $102,865 in gross,
trous to the crop, and as a consequence in many places $18,428 in net.
the crop is almost an entire failure. On the 1st of
The following statement, made up from returns col­
April the condition of California was reported as high lected by us, shows the week’s receipts and shipments
as 87, so that in thirty days the average has been of currency and gold by the New York banks.
reduced 35 points, and that is the chief cause for
Received by Shipped by
Net Interior
Week Ending May 11,1894.
the reduction of the average for the whole United
N . Y . Banks- N. Y . Banks.
Movement.
States in the same period from 86'7 to 81 A. This is
$6,100,000 $2,951,000 Qain.$3,155,000
800,000
600,000 Gain. 200,000
an important fact, because reports of a less favorable
$6,906,000 $3,551,000 Gain.$3,355,000
Total gold and legal tend ers—
outlook for the winter-wheat crop had been predicated
With the Sub-Treasury operations and the gold
mainly on a belief that the growing plants in the Mid­
dle and Middle Western belt had been severely injured exports the result is as follows.
by the cold, freezing weather which prevailed in those
Into
Out of
Net Change in
Week ending May 11, 1804.
sections during a part of March and April. Evidently
Banks.
Banks.
Bank Holdings.
the harm in that way was smaller than had been sup­ Banks’Interior movement, as above $6,000,000 $3,551,000 Galn.$3,355,000
Bub-Treas. oper and gold exports. 16,600,000 20,750,000 Loss. 4,150,000
posed.
Total gold and legal tenders....... $23,506,000 $24,301,000 Loss. $795,000
The statement of the iron furnaces in blast which the
The following table indicates the amount of bullion
“ Iron Age” of this cit^has published this week does not
reveal a very encouraging state of things. A month In the principal European banks.
ago we noted what satisfactory progress had been made
May 11.1893.
May 10, 1894.
Bank of
in the sixty days preceding in starting up new furnaces
Silver.
lo ta l.
Silver.
Total.
Gold.
Gold.
£
£
£
£
£
and adding to the production.
Since then everything
£
24,000,200
32,190,155 24,000.200
Bngland......... 32,190,155
has again been thrown into confusion by the France............
119,558
000
50,908,043
08,192,000
51,306.000
70,313,444
121,221,487
43.229.000
strike of the bituminous coal miners, which is Germany *— 32,885,250 10,901,750 43,847,000 32,421,760 10,807.250 27,826.000
A.ust.-Hung’y 10,195,000 16,372,000 26,567,000 10,380.000 17.416.000
of such vast extent. As a result many of the Spain.............. 7,918,000 8,383,000 16,301,000 7,713,000 6,154,000 13,867,000
4,445,000 0,906,000 11,411,000 3,185 000 7,152 000 10.33T.000
furnaces, being without the necessary supply of Netherlands..
Nat-Belgium* 2,960.667 1,480,333 4,441,000 2,851.333 1,425,667 4,277.000
fuel, have again been obliged to go out of blast.
The Tot. this week 160,907,516 95.071.126 265,978,642 148,749.283 94,350 017 243.100,200
“ Age” reports that on the 1st of May there were only Tot. prev. w’k 161.178 207 95.242,061 256.420.268 148,683,995 04,411.350 243,095,245
* T he d iv isio n (b etw een gold and silver) g iv e n in our ta b le o f ooin
127 furnaces in active operation, with a capacity of and
b u llion in th e B an k of'G erm an y a n d th e B a n k o f B elgium is m ade
th e b e st e stim a te w e are ab le to o b t a in ; in n e ith er oase is It
110,210 gross tons per week, against 144 furnaces, with from
claim ed to b e ao c u r a te , as th o se banks m ak e no d istin ctio n in th eir
a capacity of 126,732 tons, on the 1st of April. This w e ek ly retu rn s, m e r ely r ep ortin g th e to ta l gold an d silv er, b u t we
b elieve th e d iv isio n w e m ake is a c lo se a p p roxim ation .
would not be so bad, considering the dimensions of N o t e .—We r e c e iv e th e fo r e g o in g r esu lts w e e k ly by cab le, and w h ile
not a ll o f th e d ate g iv e n a t th e h ead o f th e colum n , th ey are ttie re­
the strike, if the figures given told the whole story. turns issu ed n e a r est to th a t d ate—th a t is, th e la te s t rep orted figures.
But since the first of the month the situation has been
steadily growing
worse, other furnaces
being
CITY GOVERNMENT AND THE
forced to suspend work as the supply of coal
CONSTITUTIONAL CONVENTION.
or coke became exhausted. The “ Age” says that its
No subject of greater public importance will claim the
telegraphic advices show that up to date 17 additional
furnaces have been banked, with a weekly capacity of attention of the Constitutional Convention than that
21,192 tons, reducing the aggregate of the furnaces in which relates to the government of cities. The cities
operation to only 89,018 tons per week. Moreover, of New York State, according to the State Census of
within another week, according to the same authority, 1892, contained over four millions out of the six and a
other plants, with a tonnage of 3,900 tons per week, half millions of population returned in the whole
must stop work. Altogether, therefore, the situation commonwealth. Our assertion would consequently be
is very gloomy, and it is to be hoped that the troubles true even if the mass of humanity affected was the
between employer and employe may be speedily ad­ only consideration. But of how much deeper concern
does the subject become when the vast amount of
justed.
Of course the coal strike is also having a telling ef­ capital'accumulated at those centers and the volume of
fect upon railroad earnings. We give our review for the commercial and financial transactions constantly
the month of April on another page, the strike having in progress there are contemplated. These interests
been an influence for only part of that month. For need conservative surroundings, and such surroundings
the fourth week of April the decrease reaches 16 ’16 per require a good and wisely-devised government for their
Nevertheless the natural conditions
cent and for the first week of May the showing promises development.
have
a
contrary
tendency.
For instance, what a
to be just about as bad. Only 22 roads have as yet
furnished returns for this latter period, and these show source of temptation a wealthy community presents,
15'62 per cent decrease in the aggregate. Some addi­ and what a license it offers for the operations of bad and
tional returns of net earnings for the month of corrupt men. The immense amount of money neces­
March have been received this week.
The sarily passing through official hands and the little time
Illinois Central for that month reports $177,284 business men have for scrutinizing public affairs won­
decrease in gross but only $80,656 decrease in derfully encourage the growth of dishonest practices
net. The Flint & Pere Marquette has lost $29,604 through the chance afforded in divers ways to amass
in gross, but gains $3,896 in net, owing to a reduction fortunes out of politics.
These suggestions might be extended by addiag
of $33,500 in expenses. The Mexican National reports
gross of $365,546 against $402,964, and net of $156,975 others of like import. That course would be useless >

May 13, 1894,]

THE CHRONICLE.

for however much iu this manner the conclusion might
be reinforced, it would in substance only be reiterating
the obvious truth that all cities, and especially large
ones, stand in peculiar need of good government, but
are in a special degree exposed to bad government.
Starting then with that fact, the Constitutional Con­
vention has this problem to 3olve—how can its action
best help the inhabitants of these municipalities to
help themselves to secure honest and efficient manage­
ment of their public affairs ? Brief changes in the
•character of the ruling power may be secured whatever
provisions our fundamental law may contain. Spas­
modic reform movements may be successful and for a
time arrest specific abuses under almost any State
constitution. Such movements have their inception
in startling disclosures of official peculations, forcing a
union of classes and parties to meet the emergency.
But the enthusiasm begotten of a special evil, having
nothing in the statutory or political surroundings to
keep it alive, but everything to discourage its continu­
ance, ends usually as suddenly as it begins, and often
with little more than an exchange of one set of para­
sites for another set of parasites.
The inquiry consequently recurs, what can the Con­
stitutional Convention do to encourage and aid good
government in oar cities ? It can do much, and we
can conceive of no better way to determine what it can
do than by a study of the causes of the little fruit reform
movements hitherto have borne, and correct the causes so
far as may be. When a people are smarting under any
great official delinquency their thoughts for the time
being are closed to all other considerations; after a
brief period the feeling which had been aroused is
deadened, the ordinary influences controlling rotes are
operative again, and the public falls back into the old
grooves controlling action. Hence all who have given
the subject much thought will no doubt agree that
party spirit and the attachment to party is the chief
hindrance to any persistent effort in behalf of good
government.
Nearly every person who thinks is
wedded to certain principles ot policy, Federal and
State, which he wishes to have adopted. This leads
him to desire reform inside instead of outside his own
organization and to seek to gain the advantage of a
public uprising in behalf of those who represent
most nearly the principles he favors.
In conformity with these ideas we notice that the
trustees of the City Club, with W. Bayard Gutting in
the Chair, have this week adopted certain recommen­
dations as to the character of the Constitutional
provisions regulating city affairs which in their opinion
are desirable. The first among these recommendations
is one which is intended to meet just the difficulty we
have referred to by having the elections for city
officers occur at a time different from the time when
Federal or State officers are to be elected. This has
been often recommended by other reform organizations
and most assuredly must be the start towards any
permanent purification of our city governments. To
appoint city elections on the same day when Congress­
men or a President or even State officials are to be
chosen of necessity enforces strict party divisions and
consigns to forgetfulness all city interests. The people
may rise above party leanings and associations a3 was
done in Brooklyn last November under a special
stimulus ; but such free action cannot be constant and
continued unless it is favored by regulations which
serve as nearly as maybe to shut out the political issues
that divide parties and prevent their influencing the

795

voter. There can hardly be two opinions on this point.
Independent voting and the true interests of cities are
identical, and independent voting is encouraged and
cultivated by unchangeably fixing city elections at a
date different from State and Federal contests, when
the voting public is liable to be strictly divided along
party lines. We cannot believe that the majority of
the delegates to the Constitutional Convention will
have any doubt on this point.
There is another practice in which a change of almost
equal importance is required; at least the change
takes prominence as the second needful step towards
the formation of a wise constitutional framework
for the improvement of city government. The mat­
ter we refer to is the authority the Legislature
now has to amend city charters ; this license unques­
tionably should be corrected by some constitutional
restriction or limitation.
We do not favor great
detail in the instrument about to be framed ; it should
not usurp the place of the Revised Statutes. At the
same time no power left to the Legislature has been so
abused as the one we are remarking upon. We need
not specify instances. The recent history of New
York State and the neighboring State of New Jersey
furnish so many and such striking proofs of the per­
version of the privilege to political purposes solely that
the call is imperative for restriction. Then too con­
tinued good government is impossible so long
the
Legislature can at will change the character or polit­
ical control of a city department or change the source
of the appointing power of the heads of departments
and the like. There would be no surety that a people
who have made the fight against corruption and
succeeded would not be crippled in or deprived of a
great part of their authority at the next session of the
Legislature.
In what way this difficulty could be most effectually
met and cured is open to question. A suggestion of
the City Club is that no amendment to a charter shall
take effect until it receives the consent ol a majority of
the voters. A provision of that character has been
often proposed and is found in one form or another in
several State constitutions ; some constitutions contain
the further regulation that the vote must be had at a
general election. Another rule frequently incorporated
iu such an instrument is that no special charter or
special amendments shall be passed, but that all
powers of that kind shall be granted by general laws.
The present Constitution of New York State provides
that “ corporations may be formed under general laws;
but shall not be created by special act except fo r mwnidpal purposes.” We cannot see how a requirement
that the Legislative act of incorporation should be
general or that an amendment should be general
would serve to any considerable extent 33 a
safeguard against ill-advised changes in the legal
status of a city. Certainly in the case of New
York City it would be of little avail, for the
municipalities in a general law would have to be
classed according to population, and the needs of New
York are so different from any other city that it would
probably stand by itself—having a general law in form
but a special law in practice. On the other hand, if
the constitutional restriction previously suggested, re­
ferring any amendment passed by the Legislature to
a vote of the city before it can go into effect, was
adopted, it would of itself giTe perhaps all the protec­
tion in that particular the public would need. In case
no better device can be suggested, it should be adopted;

7 96

THE CHRONICLE.

for the practice it is intended to prevent cannot be per­
mitted to continue where the purpose is to secure
honest, economical and non-partisan city government.
Besides the foregoing there should be in the Consti­
tution some brief and general directions as to the scope
and character of all city charters to be granted. A city
and not the Legislature should be in control of its own
affairs. The idea of leaving the authority to pass an
act directing an increase in the pay of policemen in
New York subject to the will of the law-maker at
Albany is a travesty on what have been supposed to be
the chartered rights of municipalities. That power
ought no more to exist than a power to direct an in­
crease of wages in a merchant’s counting-house. Let
us have a Constitutional provision defining clearly where
the city’s authority begins and the legislator’s ends, so
at least as to interdict legislation of the sort named;
then with that and the other amendments made which
we have suggested above, if a city in New York State
does not enjoy good government, it will be because it
does not deserve it.

POSITION OF CENTRAL PACIFIC.
The full report of the Southern Pacific Company
has been issued this week, and it contains the annual
statement of the Central Pacific Railroad, which latter
has special interest at this time. The Central Pacific
is one of the Government-aided roads, and the first of
the subsidy debt falls due next year. Moreover, an
amended lease of the property to the Southern Pacific
went into effect the 1st of January 1894, and divi­
dends on the stock of the road have been discontinued.
Besides this, 1893 was a year of panic and depression,
while rates on trans-Continental business were reduced
very low by the war between the Pacific roads and the
steamship line via Panama. It is desirable to see
what have been the results under these unfavorable
conditions.
Prom the report it is evident that earnings of the
Central Pacific in 1893 were maintained remarkably
well, especially when it is considered what very heavy
losses some of the other Pacific and trans-Continental
roads, and particularly the Union Pacific and the
Northern Pacific, suffered. It will be remembered that
the same fact was noted in the case of the Southern
Pacific, in whose operations the accounts of the Cen­
tral Pacific are included. As compared with the year
preceding, aggregate gross earnings of the Central Pa­
cific have fallen off only $351,765, or less than 2J per
cent, the total of the gross being $14,261,225 for 1893,
against $14,612,990 for 1892; and this small loss in
gross receipts was met by a somewhat larger reduction in
expenses (the reduction was $383,522), so that net earn­
ings are actually slightly better than for 1892, being
$5,739,335 against $5,707,579. In the freight earn­
ings there was a falling off in the revenues from both
local and through traffic, but even here the loss is only
$474,479, or 5"45 per cent, and the result has been
controlled by the low rates received, the volume of
business done having been larger. In the passenger
earnings the decrease has been only $126,003 or 2'22
per cent, though the favorable showing in this case
follows from the extra travel derived from the World’s
Fair, the revenues from through passengers having
increased $217,129 by reason of that fact. The local
passenger earnings fell off $410,694 or over 13|- per
eent, a result which reflects chiefly the industrial
depression prevailing.

[v o l ,

l v iii.

In the current year the comparisons of both gross
and net, so far as we have yet had the returns, are less
favorable, but the fact that during 1893 the gross
earnings from operations were but slightly diminished
as compared with 1892, and net earnings not at all, is
very important and should not be lost sight of in a con­
sideration of the results for the year. Obviously also
it is of great consequence in its bearing upon any plans
proposed for adjusting and re-arranging the road’s in­
debtedness to the Government. As we shall see, the
income for the year does not go as far as could be wished,
and hence it is essential to understand that this is
not due to any great contraction of the revenues from
operations as the result of the special unfavorable con­
ditions which existed in 1893. During the year the
road of course was operated under the old lease to the
Southern Pacific—that is, the lease under which the
Southern Pacific paid a fixed rental of $1,360,000 above
the yearly requirements for charges, a sum sufficient to
meet the 2 per cent dividends per annum which had
been distributed on the stock. It appears that the in­
come for the year fell $575,283 short of providing for
this guaranteed rental, so that the lease netted a loss
to the Southern Pacific in that amount. In the last
seven years it has happened but once that the road has
not shown a deficiency in meeting the rental, though
in the other years the loss has not been quite so large
as in 1893.
But there is still another factor to be taken into the
calculation. On the loan from the Government the
Central Pacific is not obliged to pay interest as on the
rest of its obligations—that is, it is not obliged to make
provision for the interest as it falls due each six months.
The interest, however, accumulates against the com­
pany, and will have to be met at the maturity of the
debt. The law only requires that the company shall
pay over each year to the Government a certain portion
of its net earnings on the subsidized lines, a part
of the amount being charged off against the in­
terest account and the rest going to constitute a
sinking fund in the United States Treasury. Like
the other Pacific roads, the Central Pacific has met
every requirement of the law in this respect, and its
income account is cast on that basis. It happens that
while the contribution called for in 1893 was but
$584,775, the United States in the same twelve months
actually paid $1,671,340 interest on the Central Pacific
subsidy bonds issued in aid of the road, so that the
company fell $1,086,565 behind on its interest account
for the year. In other words, were the debt an ordi­
nary one, the income account would have been charged
with $1,671,340 interest for that issue of bonds, in­
stead of with only $584,775. And of course in the
years preceding the differences have been equally
large.
Were the income statement made up so as to in­
clude the full interest on the subsidy bonds instead of
only the requirement called for by statute—and cer­
tainly on a rigid basis the year’s income should be
charged with the interest in full, even though said in ­
terest is not payable by the company until the maturity
of the bonds—in that case the earnings would be in­
sufficient to meet the company’s annual charges. We
have already seen that the Southern Pacific had to
make good a deficiency of $575,283 to meet the guar­
anteed rental. But eliminating altogether the rental,
and hence also the dividends which have been paid
based on'this rental, we find that standing by itself the
company earned for 1893 a surplus of $784,717 above

Mat 13, 1884.]

THE CHRONICLE.

its ordinary interest and rental charges and the
United States requirements.
A3 these United
States requirements were, as we have pointed
out, only $584,775, or $1,086,565 less than the
amount of interest accruing against the company on
the subsidy loan, it follows that with the Government
requirement increased to cover the shortage in that
item there would be a deficiency of over three hundred
thousand dollars. That is, the company failed in that
amount to earn its own interest and the interest on the
Government loan. Irrespective altogether, therefore,
of the merits of the lease controversy, to have con­
tinued the dividends under the circumstances would
have given a wholly misleading idea of the actual situ­
ation. For the Central Pacific is necessarily a sup­
pliant before Congress, and a road paying dividends,
even if the money for the same comes out of funds
supplied by another company, is hardly in position to
ask concessions.
This statement is emphasized when we consider how
heavy have been the previous accumulations of interest
against the company on the Government debt. The
total of bonds issued to the Central Pacific and West­
ern Pacific by the United States was only $27,855,680.
But the aggregate amount owing to the United States
for principal and unpaid accumulations of interest,
after allowing for the sinking fund in the U. S. Treas­
ury, was on December 31, 1893, as much as $56,854,004.
The difference between the two amounts, being nearly 29
million dollars, represents the unpaid interest It is
obvious from a mere presentation of the figures that
the debt is of such magnitude that the company can
only meet it provided payment is extended over a long
period of time and at very low rates of interest, and
the terms of adjustment not only should be, but must
be, on that basis.
The company makes a very forcible argument in
favor of liberal treatment. It is pointed out that both
the Government and the people have derived very im­
portant benefits from the construction of the lines, that
the predicament in which the company finds itself is due
to the fact that the Thurman act has proved inadequate
to provide for the debt, that the reason why the act
has failed in its purpose is that earnings of the bonded
road have fallen short of what it was calculated they
would be, and finally that this reduction of earnings
“ has been caused chiefly by the completion and com­
petition of other trans-Continental lines which were
aided by the United States in their construction by ex­
tensive grants of public lands." "The Government,
by its aid to our competitors, has caused diversion of
traffic, redaction in rates, and a consequent decrease in
the revenue of the property of its creditors,
and from which it had provided that the
mortgage held by it should be discharged.”
Another point having a bearing upon the matter is
the statement which the managers make that prior to
the passage of the Thurman Act "the Board of
Directors had ratified a plan by the adoption and pub­
lication of formal resolutions, proposing to provide for
the payment of the debt and interest at maturity.
This plan included the condition that no dividend
should be declared until the current requirements for
the United States debt had been paid. The Govern­
ment, however, assumed entire control of the matter
by the passage of the Thurman Act, and the resolu­
tions adopting the company’s plan were thereupon
rescinded.” Altogether, therefore, considering the
magnitude of the debt and the smallness of

797

the earnings, and considering - also the responsi­
bility which the United States must accept
for the failure of the provision to take care
of the debt and for the unsatisfactory revenues, the
company would seem fairly entitled to lenient terms
from Congress.
The management also complain of the small return
which the investments in the sinking fund with the
United States have yielded, owing to the high premiums
paid and the loss of such premium at the maturity of
the bonds. It is claimed that the net amount realized
from the investments of the fund for the period of
fifteen years to the close of 1893 has been only a little
over half a million dollars—$550,458. On the other
hand, the sinking funds of the company in its own
treasury, invested under the direction of the board of
directors, have, it is stated, realized over 5 per cent per
annum. These sinking funds, it is well enough to say,
are very extensive. The balance sheet shows $16,649,443 applied in this way up to the end of 1893 besides
$10,317,227 of laud income, or nearly 27 million dol­
lars together, of which $10,698,702 are still held in the
funds, the remainder having been used in redemption
of the company's bonds.
The report in an appendix gives a copy of the new
lease. It appears that some modifications in this lease
were made March 22, 1894. These modifications are
evidently intended to meet objections raised to parts of
the lease. One of the objections was that the lease could
only bo modified “ by agreement of the parties
thereto,” which seemed to put it in the power of the
Southern Pacific, if so disposed, to prevent any change
no matter how unfairly to the Central Pacific the lease
might operate. The modification restores the pro­
visions of the old lease by which the agreement can be
revised and changed whenever it appears that either
party is being benefitted at the expense of the
other, and also provides for the appointment
of arbitrators in case the parties themselves
cannot agree upon the changes to be made. The
only other modification relates to the re-payment
of moneys which may be advanced by the Southern
Pacific. In its first form the lease provided that the
Southern Pacific should be entitled to interest at the
rate of six per cent per year upon such advances,
should have a lien " upon the said demised premises
and the income thereof, until such advances are reim­
bursed with interest,” and should he entitled at any
time to refund to itself such advances and interest out
of the net earnings or income of the property. In the
amended form the phrase giving the Southern Pacific
a lien upon the property is omitted, and the rate of
interest to be allowed the lessee is changed from 6 per
cent per annum to “ lawful interest.

RAILROAD GROSS EARNINGS
FOR APRIL.
Eailroad gross earnings for April are of the same
character as for the months preceding—that is, de­
cidedly unsatisfactory, the losses being large and
general. Our industries have remained in a state of
great depression, and the situation in thi3 respect dur­
ing April was intensified by the unrest of labor owing
to the reductions in wages which poor business and
low prices have made necessary. There was a strike of
large magnitude on the Great Northern, tying up more
or less completely that system for part of the monthj
__ J

798

THE CHRONICLE.

and besides this we have had the “ Coxey” disorder, in-1
Yolving the seizure of trains on many of the
"Western roads and the interruption thereby in some
cases of the ordinary running arrangements of the
roads.
But the disturbance of greatest importance has been
the strike of the bituminous coal miners, which is still
in progress. This has not been confined to the larger
coal-producing States, but has involved pretty nearly
every section of the country. Pennsylvania, Ohio
and Illinois are the States showing the largest number
of men out on strike, since these States produce more
coal than any others, but in Alabama, in Indiana, in
Colorado, in Iowa, in Missouri, in West Virginia, in
Kentucky, in the Indian Territory, &c., the miners in
whole or in part have also quit work. The effect has
been not only to put an army of men in enforced idle­
ness, hut to stop the production and shipment of coal,
reducing railroad traffic to that extent, and to cut off
the supply of fuel of many manufacturing establish­
ments and necessitating their closing up. President
McBride, of the United Mine Workers’ League, esti­
mated at the time of the inauguration of the strike
that about 150,000 men had responded to the order to
go out, and if that estimate was correct when made,
the number now is still larger, since further numbers
of men have joined the ranks of the strikers since then.
The Norfolk & Western is one of the few road3 whose
miners have continued at work.
Under such conditions a large falling off in earnings
could not have been avoided, even if the prevailing
commercial depression had not itself made such a result
inevitable. Our statement shows a falling off from
last year in the sum of $5,024,309, this comprising 123
roads, operating 91,613 miles of line. The ratio of
decrease is 13-95 percent. InMarch'theloss was $5,877,414, or 13-05 per cent; in February $4,654,203, or
12-54 per cent; in January $4,819,853, or 12-25 per
cent, and in December $6,474,337, or 13-83 per cent.
The showing for April, it will be seen, is not very much
worse than for the months preceding, but it should be
noted that the return of neither the Great Northern,
which road must have suffered a heavy los3 by
reason of the strike of its employes, nor the
New York Central, is included in our statement.
Both returns are delayed this time.
It should also be
borne in mind that the coal miners’ strike did not begin
until the latter part of the month. Had it been in
effect the whole month the loss must have been even
larger than it is. As bearing upon this point we may
note that for the fourth week of the month our regular
statement on another page records a decrease of as
much as 16-16 per cent.
If, on the one hand, the loss for April is not very
much heavier than for the months preceding, notwith­
standing the extra drawbacks upon business activity
which have existed, on the other hand it is well to re­
member that we are not comparing with a period last
year when there had been very large or exceptional
gains. As a matter of fact, In the years preceding, the
gains in April have been quite moderate, taking the
roads as a whole. Thus in 1893 our statement showed
an increase of only $1,390,572, in 1892 an increase of
only $1,494,147, and in 1891 only $1,752,780, the
aggregate for the three years together being less than
the amount of decrease in 1894.
Below we fur­
nish our usual summary of the totals, for a number of
years past, for April and the four months to April
30.

[V ol . LYI1I.
Mileage.

Earning*.

Year
Given.

Year
Preceding.

Year
Given.

Year
Preceding

April.
1830 (155 roads)........
1801 (150 roads)........
18D2 (150 roads)......
1803 (144 roads)........
lSUt (123 roads)____

Mile*.
81,590
90,905
99.914
93.995
91,013

Mile*.
79,371
88.632
07,168
92,089
90,136

1
32,364,919
38,742,249
42,102,375
40.2S5.767
30,992,880

$
28.457.034
36,980,469
40.608,228
33,895,195
36.017,193

Jan. 1 to Apr. 30.
1890(150 roads).......
1891 (147 roads)........
1893 (117 roads)........
1803 (142 roads).......
1894 (12? roads).......

80,708
00,105
98,729
93.705
91,523

78,533
87,802
96,025
91,859
90.046

123,407,487
148,550,050
169,261,963
161,942,914
126,356,621

114,753,039
140,554,564
1*7,586,613
157,613,926
145.179,134

Inc.
Inc.
Inc.
Inc.
Die.

%
S.907,S3»
1,752,780
1,494.147
1.390.572
5,071,309

Inc .13,654,399
Inc. 7,995,480
Inc. 11,675,350
Inc. 4,298.983
Dec 18,822,513-

Out of the 123 roads which have furnished returns for
the month, only 25 are able to report any increase in
earnings, while 98 show losses. Of the roads with in­
creases all but three or four are very small roads, and
in only one case is the gain of any considerable amount.
The Florida Central & Peninsular is the one exception,
it having an increase of $50,253, which is due, we sup­
pose, mainly to the fact that the road is operating an
increased mileage the present year. The large losses,,
it is almost needless to say, are very numerous. The
Northern Pacific again heads the list, with a decrease
of $539,676, notwithstanding that the Great Northern
strike must have given it some traffic which the North­
ern could not take itself. The St. Paul falls but little
behind the Northern Pacific in amount of los3, its de­
crease being $531,404. The figures for the Great
Northern and the New York Central, as already said,
are not yet available. The Atchison with the San Fran­
cisco has $444,940 decrease, the Canadian Pacific $296,214 decrease, the Louisville & Nashville $261,568, the
Illinois Central $230,595, the Missouri Pacific $180,658,
the Chesapeake & Ohio $177,280, the Denver & RioGrande $146,700, the Norfolk & "Western $142,898,
etc., etc. Even such a comparatively small road as the
Buffalo Rochester & Pittsburg ha3 sustained a loss of
almost one hundred thousand dollars on account of the
coal strike.
PRINCIPAL CHANGES IN G R O SS EARNINGS IN A P R I L ,

I n c r e a se s.
F la. Cent. & P e n in .........
$ 5 0 ,2 5 3
D e c r e a se s.
N orthern P a c ific ............. $ 5 3 9 ,6 7 6
C hicago Mil. <fc Sc. P au l.
5 3 1 ,4 0 1
At. Top. & S. F e (2 r’ds)
4 4 4 ,9 4 0
Canadian P a c ific ............
2 9 6 ,2 1 4
L ou isville & N a sh v ille .
2 6 1 ,5 6 8
Illin ois C en tral................
2 3 0 ,5 9 5
M issouri P a c ific .............
1 8 0 ,6 5 8
C hesapeake & O hio........
1 7 7 ,2 8 0
D en ver & Rio G r a n d e ..
1 4 6 ,7 0 0
N orfolk & W e ster n ........
1 4 2 ,8 9 3
Grand T ru n k ...................
1 3 3 ,0 3 0
C lev. Cin. Chic. & St. L.
1 2 6 ,3 4 1
W abash...............................
1 2 0 ,3 1 5
Mo. K an sas & T e x a s ...
1 0 4 ,7 3 6
9 9 ,1 2 4
Buffalo R och. <fe P it t s ...
St. L ouis S ou th w estern
86,971
Im ern a t. & G t. N orth ’n
7 7 ,5 8 2
7 5 ,7 9 2
Gr. Rap. <fe Iud. (4 r’ds).

nnl'PP R fE(ta
P ittsb u r g <fe W e ster n .. *
F lin t <fe P ere M arq uette
W estern N. Y. & P e n n . .
R ich. 6c D a n v . (4 r’d s )-.
C hicago <fc E ast. Illin ois
D u lu th So. 6h. & A t l . ..
L ake E rie & W e ste r n ...
St. P au l <fc D u l u t h ........
K an. C ity Ft. S. & M em.
T e x a s & P a c ific ..............
B alt. & Ohio S ou th w ’n .
C hicago G reat W estern.
C hicago <fc W est M ic h ...
N. Y. O ntario & W est’n.
L ouisv. N. A lb. & C h ic.
R io G rande W e ste r n .._
L ouisv. E v a n s. & St. L .

$74,25&
7 3 ,3 8 3
6 4 ,8 0 5
5 8 ,9 0 5
5 6 ,7 8 5
5 5 ,8 6 4
54.51&
4 7 ,2 0 1
4 6 ,8 2 8
4 5 ,7 7 7
4 5 ,2 9 4
4 3 ,6 5 9
4 2 ,8 1 9
3 7 ,9 2 4
3 5 ,1 6 2
3 4 ,9 0 0
3 0 ,0 7 9

T o ta l (rep resen tin g
4 2 road s).................. $4,624,485-

As concerns the movements of the crops, which in a
normal state of trade so largely control results, but
which now are so greatly overshadowed by the prostra­
tion of mercantile business, the receipts of wheat at
Chicago the present year were only a fraction of what
they were in April 1893.
This is due to the fact that
last year an attempt was made to corner wheat at that
point, the price for the May option at one time advanc­
ing to 90 cents, with the result of drawing immense
quantities of the cereal to that centre. The receipts at
Chicago then were 4,535,122 bushels; the present year
in April they have been only 691,934 bushels. The
falling off has been almost entirely in spring wheat, and
not in winter wheat, and of cjursa the roads that
have felt the falling off are those which run through
the spring-wheat sections of the Norchwest, the Mil­
waukee & St. Paul being not the least among the num­
ber. As an offset to the decrease in wheat there has
been an increase of 1J million bushels in the receipts

of corn at the same point and an increase of 1^ million
bushela in the receipts of oats. Nevertheless the ag­
gregate grain receipts of all kinds at Caicago the pres­
ent year in April were about 1 | million bushels les3
than in the corresponding month last year, as may be
seen by the following statement. The same statement
also shows the receipts of provisions ’and hogs, which
it will be observed were larger in 1894 than in 1893.

brought in only 15,204 bales against 33,880 hales, and
the New Orleans & Northeastern only 3,559 bales
against 9,720 bales; but that the deliveries by the Texas
& Pacific were 16,282 hales against 12,520 hales, and by
Morgan's Louisiana & Texas road 18,904 bales against
14,925 bales.
R E C E IP T S O F COTTON A T SO U TH ER N P O R T S IN A P R IL , A N D FR O M
JA N U A R Y 1 TO A P R IL 30, 189A, 1 8 9 3 AND 1892.

R E C E IP T S AT CH ICAG O O C R IN G SPR IT- AND SINGH JA N U A R Y 1 .

x m t.

|

1893.

601,9841 4,535,122
*.231,115' 2,916,158
5,753,612: 4,469,828
124,745
73.205
503.473
760,830

1892.

ISM.
lis a .
1892.
819.414 4.118,060 15.586,215 8,076.046
4.591,192 28,295,498 14,783.390 19,601,333
5,243,528 21.188,130 17,921,741 19,457.847
174.632
536,537
541,543 1.051,660
026,184 3,096,771 4.800,420 5.320.626

T otal grain 11,357.029 12.785,150 11,755.250 58,135,838 53.433,318 51.597,512
388,430
*54.248 LS24.TI2 1,702,098 2,088,155
A53.SJO,
flo u r., bbls.
2
1,088
2.7SS
Fork. ...bbls.
ass
5,779
Cut m lts.lbs. 11,718.930! 7,787,225 7.131.904 41.576,732 33,334,5 d3 57349.203
24,204,344
5,105,353
2.743,290
3,654.377
15,378,651 27,110.333
L atJ ----- Iba.
411,183
557.931 2,529,850 1310,740 2.843.427
5NW.93S
H ralio eaN o f

At the other primary markets ia the West, apart
from Chicago, the wheat receipts have varied consider­
ably. Thus for the four weeks ending April 28 the
receipts at Minneapolis in 1894 have been only 3,035,140 bushels against 4,447,100 bushels in 1893, while
Dalnth shows a total of 1,103,813 bushels against
520,405 bushels. Toledo and Detroit likewise record
increased wheat deliveries, both these beiag winterwheat markets. On the other hand, St. Loai3, which
is also a winter-wheat point, received less wheat than
a year ago. The latter, however, gained considerably
in coni and oats, and so did Peoria.
s e o e i r r s o r s l o c k a s i > o r a w t o r r o c s w e e k s m xm ttQ a t r il 23,
AND s o re * JANUARY X.
! m u f.
1 (m sj
t i is« mo—
4 w tuc J & r , ,
* wks. A pr..
m m r n jm . i,
Biace 3 m , l ,

Cbuth.)

Onv,
(MmS.)

.?4sr!#f,
(kWh.)

By*.
(IhmAa)

4 *BgBSe
IS M
m tS i
4^I0|JS03 S.713.131
180,1
IBM i j m ’s n
4JKHJUM
1803 1,719,048 15,56*3,316 11,783*^9

s .m rtf
Amum.

464,013
'
!.«*»,Sir

117 463
80.8B5
529,266
M1,583

1 9 IP
40.S9D
fiMMKki

mi *«0 o
BBBjUO

39O.980

63280
56,040
371.0-0
4J0.2OO

4 W'Xm, A m ., 1894
4 w k s. A p r. im n
Bine* Jen , i, v m
B a m J m . 1 ,1AM
SLLmM —
4 * » i. A pr,,. ISM
4 Wits. A p r., 1AM
SI 009 Je n , 1.1804
l i n e # 3 an. 1 .1 3 3
4 wkt. Apr \m i
* « i i . A p r ., l*r»’
Since Jen . t , l U
Since Jen , 1,1M
D*tmU—
4 t y . Apr.. IMH
4 w u A p r.. 1AM
S in c e J**L 1. W&4
Blue* Je n . 1 .18U3
m sm i*
A » « ,. A pr, 1*31
4 wit*. Apr., 180S i n c e J m . 1. W*4

m n c « j» o . i .u e s
P sana—
A w »«. A pr, ISGI
4 f i t , Apc.. 1608
• l a s . J a p . i. i - . i

0 ta e e Jen . 1*1£83
B siu tA 4 w k s . A p r., i s i h

4 *14, A p r-, IB M
fin e # J e n . 1,1801
Since Jeh . 1.2609
M iw im m ii*-* * < l A p r, 1- *1
4 * y . A pr., H *:i
H ios# J * a . I. JJKH
B in * * J m . 1* I S M
W-mms f m t —
4 wki. A p r . la p *
4 * 1 * . A p r .. IB M

9 m m Jmt, 1, tm i
A buse 3 m , U J# # S

t i l , 776
IT M U
710.870
581372
104,076
i m\?m§ m ,m
474,1m

478.050
BaijSoe
2.427 815
*,634,56;

mojoo
sssr,o«0
MWM4* 2,607,80#
tw .m
2.850337* 701,802
44,600
12.000
9>nMi t-iovjn*
1 J 40.551 m u u s
611.750
2.m&,U3 618,8*X)

8.4*37
5,601
22.893
m ,w i

673.700
861*990
1,870
1.400400

10.665
133*6

£27, tfO
*19.000
MMMUUO
ijsas.306

48395

66*1*4
26,052
22.331
05302
SW *

116,049
150.«:*3

49H.767
£79.472

18,850

17,400
h ljm

ApriL

Parts.

1894.

Since J a n u a ry 1.

April.
W heat-bash.
Corn.
O ita . . b o a t .
B ye., .hash.
BATler.bUAb.

799

THE CHRONICLE.

Ma t 13, 1894.]

179.4***

4*78#
il.» *
72.5W

400
ijo o

m i7 5
£66*717

1S0JMS
2&M* -¥
4.65.877
•

tt.TS>»
61,610
SM.418
miM®

32.970
B pp
t2J,407

127.786
*8#, W
456*158

rmjTMi

1.613.800
s

15

219.091

6.362.70*0

4 7 7 ,7 m

1 , 103,615

r$ ijm
n s jm

s x m .u o

132,400

37*1,8-«)

1,332.515
4,587,675

TM ai of a f t7.176,830
* » » A p r , l » i l ,1*7.082
*
A pr, IMM S79.647 11^9019601
Since Je n , I, t * H M i f J Q A
S t o w J * s !. m b s 0,00133*3 47.062,-321

44.100
616J90
6MM00

68.517

Ui.504

228^1*
X,0Sa^66O

'Vi.787

371.2*51

4.100
7.400
25.400

81,000

njm xm
5l.370.Ml
37,508,1%

UUS.4O0
8,8^.707

Total . .. .. . ...............

198.716

175.391

1,516

1893,

1892.

207,995
13,515
487,805
32,007
6,935
132,079
12,707
35,500
101
18,077
177
74,532
29,641

203,516
17,328
836.933
00,481
4,55$
193,090
43,729
72,816
253
22,864
710
121,627
116,723

220,4 U 1,310.550 1,051,131 1,757,605

Southern roads may be said on the whole to make
better exhibits than those of most other groups. The
prominent roads like the Louisville & Nashville, the
Chesapeake & Ohio and the Norfolk & Western of
course all report considerable losses, these roads having
a large mineral traffic ; on the other hand, of the
smaller road* there are thirteen which are able to
report an increase over la3t year, including besides the
Florida Central & Peninsular, already referred to, the
Mobile & Ohio, the South Carolina, the Georgia Rail­
road, the Georgia Southern & Florida and two of the
Richmond & Danville roads. It was stated above th a t
there were only 25 roads among those from all the
sections which had better gross than a year ago ; hence
half the number is supplied by the South. The roads
included in the following show aggregate gross the
present year of $4,642,425, against $5,315,991 last year,
the decrease thus being $G73,566, or 12-67 per cent.
RARMINOS OF SOUTHKRN GROUP.
1803.

1894.

April-

1892.

1890.

1891.

1889.

s
5
»
1
*
»
407,777
731,697 f670.407
594,402
684,314
861,624
638,761
*30,153
453,658
550.218
423.05
*410,782
8. Terns. Ve- 4 0 s ..
60,558
60,805
91,376
91,062
a m ,im
Sen-CJMem. A Sir.
^74,519
!*•>»!#r. A N ashr .. 1.413,035 1,675.503 1,620,027 1,507,048 1,478,007 1,315,853
111,556
1JI.7BB
1-V.I83
140,307
Memphis Jt Cher.
108X06
197,349
281,361
SM1.115 259,68#
*51.113
MobU# Sc O h io .....
ZMM»i
161,052 692,636
535,983
Norfolk M W m V nb
72.-1,823 4860,721
987,420 1,083,545
815.300 858,495
9U M Q
R lciua,S D anifU el
906,055
81 .BW
90,319
64,488
112,768
South C aro lin e ....
87.206
85,691
T ot»l................. 4,64.2,425 5,315,991 5.112,220 5,180,539 4,819.676 3,909,716

In the Southwest the losses by tho larger roads are
heavy, the same as elsewhere, an l there are only three
minor lines which have an increase, for trifling
amounts. The roads below have 81,143,114 decrease,
or 12-81 per cent.
...........

1,033.671

■

26,176
16,858

21,380
6,828

M o b ile ................. .
Florida..........................
S avannah.... . . . . . . . . . . . . .
Brunswick, See. . ... .. .. ..
C h arle sto n .... . . . . . . . . . . .

30,317 179,338
4,550
8,768
88,254 542,803
6,124
49,589
311
9,314
35,670 191,270
2,597
35,819
8,315
66,575
16
29.825
8,031
29.093
2
53
19,479 118,351
20,818
88,752

year*.
I Includes tho whole R. Sc D. system .

423
67,619

8,689 703

21,202
3,703
80,761
5,171
800
28,047
119
8,934

WilmiagtOQ.. . . . . . . . . . . . . ,
W ashington, See. . . . . . . .
N orfolk.... .....................
W est Point, See.... . . . . . .

28,738
053
01,863
7,504
2,179
26,751
11,123
6,868
9,871
2,032

Q e lr e a to n .b a le s .
BSi Paso, &c.............

1894.

‘Vi.070 a ftg n r m her* for l “*94 end. IS® I
»lmp!y th e to ta l# o f th e earning* for th e
weeks of th e m onth *<* rooorte l In tho waakiv re tu rn s ; th e mouth'® earn *25,768 four
Is k i turoelfy e x eted tho weekly
u n ite * quit* considerably.
* F o u r t h w e e k n o t report*?*!; t a k e n s a m e a s l a s t y e a r .
21,800 ♦ IM m not include th e Btlaabeth-town L iita g to a Sc Big Sandy road in th is and
12,800 preceding years.
tMJtM : FV<J r»* * jut*. n;>->r trim \t« « \r» » »* f •»r t Vi« re ;r: ;i ■[ j \) .o riin tfs w.;r*» !:t r- **r.
m jm
b hmimUttg
Valley & Nuw Kajtlaod and Shenandoah V alley fo r all th e

“ *0?1

n,l>27

1892.

m
45.761
55,4^ Ctieeepeeke 4 Ohio
70

2.U*

4.666.179
3,832,419
4.447, tCO
13135.760

MM7
im ,u t
m jm

Since January 1.

1893.

k a u n in q b o f s o u t h w e s t e r n

5

2I4JMK

April.

007.675

8.70*4.2x55

As regards the cotton movement in the South, the
gross shipments overland were only 74,730 bales in
April 1894 against 81,058 bales in April 1893, but the
receipts at the Southern outports were 198,716 bales
against 175,391 bales; at New Orleans, however, the
receipts were only 61,863 bales against 80,761 bales.
Examination of the details for the latter point shows
that the Illinois Central and Mississippi Valley roads

8. r . ,
Cel, M i d . .. I
S t.T ,* 3 .r.s r
Oen.ARtoOr.
lo t. * OH. Ko-

1894.

1893.

1802.

i

$

f
< 2,869,013
*■ 179,476
825.369
824,680
270.811
370,692
718.923
1,958.120
78,727
801.078
471,277

a. t . *

K .C F . 3 .4 M ..

Mo. K. A Tex.
Mo.P.AIr.Mt.
St. Jos.AOr.I.
St-JL. South w.
T e iM ,% p»o

8,087,0 *0
621.158
487,800
245,910
a299,480
781,900
1,830,431
75,933
324,654
476.883

665,545
084,500
820.492
0346,308
680,830
2,011,069
844*55
411,025
622.06S

g ro up.

1801.
f
2,654,230
109,703
654,410
656,936
238,000
883,931
0*12,483
1,929,375
70,892
287,95v
531,962

1890.
$
8,611*8X8
168,764
019,975
036,493
256,117
371,314
0iiO,855
........
119,180
259,873
625,681

1889.
$
2,287,111
120,951
549,304
581,016

. . . . ...

342,357
520,70080,002
225,468
501,130

Totei........... T.7SS.674 8926.7AA 8,479.005 8.289.947
a Furores here for 1824 and 180*5 ar*» simply th e totals o f th i earnings for th e
fo*r week* of the m onth as reported In the weekly re tu rn s; th e month’s earn­
ings usually exceed the weekly estim ates quite considerably.

THE CHRONICLE.

800

l a the Northwestern group, the Bock Island has
fallen less than $20,000 behind its total of last year,
and several of the other roads in the same section have
also done quite well. The St. Paul however has a
heavy loss, and that makes the decrease in the follow­
ing $716,467, or 13-39 percent. The Great Northern’s
earnings are not included in these totals.
EARNINGS OF NORTHWESTERN LINES.

April.

1894.

1893.

1

B u rl, Ced.R.& No.
272,628
278.9S3
® i!c. Gt. W e s t....
OUo,M.iI.&St.P, l
M ilwau.&No.. )
C hic. R. I. & Pac. 1,378,370
D u lu th S.S.&Ati.
112,115
Io w a C e n tra l.....
130,832
M inn. & St. Louis.
120,009
S t. P au l & D uluth
8 •*,850
T otal ..............

4,034,119

1892.

1891.

1890.

1889.

*
*
$
$
$
199.603
280,304
206,088
292,957 254,267
322.042
367,077
345,429 212,745
839,422
< 2,044.656 2,428,017 2,105,560 1,998,966 1,819,531
134,0 dO
88,592
< 143,980
138,594
135,895
1,393,051 1,336,431 1,267,815 1,377,402 1,230,924
150,065
131,203
167,979
130,130
179,062
128,890
110,099
93,115
181,001
127,784
109,633
93,537
130,802
140,316
117,355
85,201
136,051
114,952
105,912
137,418
5,350,580 5,119,004 4,623,540 4,539,424 3,954,451

In the Pacific section, the Canadian Pacific lost last
year as well as this, and the Northern Pacific has
fallen steadily behind ever since 1890.
EARNINGS OF PACIFIC ROADS.

A prU.

1893.

1894.

1892.

1891.

1890.

1889.

C an. Pacific........
N o rth ’n Pacific..
R io Gr. W e s th ...

*
1,303.000
1,113.581
164,600

$
*
$
*
1,599,214 1,071,317 1,608,308 1,320,484 1,211,999
1,653,257 1,761,451 1,905,261 1,923,073 1,653,413
212,952
199,500
193,730
131,006
104,288

T o ta l.................

2,531,181

3.451,971 3.645,720 3,707,299 3,374,503 2,969,680

The Eastern trunk lines in the following, while they
all have losses, show only $464,661 decrease in the
aggregate, or KP46 per cent. Neither the Pennsylva­
nia, the Erie or the Baltimore & Ohio makes returns of
estimated gross earnings, and hence these roads never
come into our early statement, and for the reason
already mentioned the New York Central is also missing
this time.
EARNINGS OF TRUNK LINES.

April.

1894.

1893.

1892.

8
$
514,320 C 186,528
* 297,373
1,108,971 1,113,734
1,400,036 1,507,807
276,618
302,894
88,844
89,176
993,196 1,052,952

1891.

1890. .

1889.

8
178,295
309,242
1,040,052
1,395,177
283,911
84,414
995,139

s
176,022
314,650
1,046,593
1,535,638
306,558
88,66-)
1,000,317

$
153,407
208,459
1,002,627
1,409,253
226,840
69,767
913,079

3.977,924 4,442,585 4,550,464 4,?86,230
* F or four weeks.
4 F ourth week n o t reported; ta k e n sam e as la st year.

4,468,443

4,073,432

?
409,026

B . & 0 . S.W |
Oh. & Miss.
C.C.C.&St.L
982,630
G -T .o f Ca.. *1,327,603
C h .& G .T .
*2i7,277
*78,504
D.G.H&M.
W a b a sh . .. .
872,881
T o ta l......

The other roads in the Middle and Middle Western
States make a much more unfavorable exhibit than the
trunk lines, and the percentage of falling oil is much
larger, being for the roads below 18-61 per cent. The
decrease on -the Flint & Pere Marquette is in part due
to the early opening of navigation the present year, in
the way explained a month ago,
EARNINGS OP MIDDLE AND MIDDLE WESTERN ROADS.

April

1894.

1893.

1892.

1891.

1890.

1889.

$
$
$
»
i
$
Buff. Koch. & P itt.
222,562
321,686
246,302
285,494
169,248
153,697
Chicago & E ast. 111.
273,401
330,186
261,812
294,760
318,946
218,969
Chic. & W est Mich. al2>»,119 0162,938
143,534
173,782
139,048
125,505
D et. Lansing & N o. «81,102 093,714
105,193
100,526
99,277
94,210
Bvansv.& T erre H .
82,678
102,805
98,176
102,875
81,406
67,314
F lin t & P . M arq....
189,732
263,615
230,412
259,469
274,325
201,628
G r. Bap.& I n d ., .. .,
193,131
268,923
209,100
255,036 279,433
243,245
Illinois Central .. 1,312,403 1,542,998 1,410,308 1,376,572 1,235,973 1,097,947
L a te Brie & W est.
240,298
294,816
230,952
262,135
233,373
184,643
IiOu.Evans.& St.L.
114,282
144,361
321,758
118,142
102,491
91,954
Louis. N .A.&Chie.
229,899
265,061
207,001
262,714
200,644
386,390
N . Y. O nt. & W est.
247,897
285,821
281.484
228,080
174,693
136,712
P itts b ’g & W est’n.
158,865
233,123
149,773
204,471
185,771
186,917
B t.L , A lt. & T. H . .
108,590
125,330
116,136
103,463
97,662
72,358
Tol. & Ohio Cent...
138,303
161,954
158,862
161,100
149,780
100,444
Tol. Peo. & W est..
66,670
68,427
74,067
73,730
75,651
67,23S
l o l . St. L. & K. C.,
114,053
122,548
157,307
141,952
133,569
63,623
305,105
240.300
W est. N .Y . & Pa,.
272,856
268,475
307,511
246,566
W heel. & L. E rie ..
120,707
134,637
124,872
96,125 . 73,187
111,790
T o ta l._____ .... 4,255,052 5,228,048 3,923,240 4,578,125 4,299,071 3.612,583
J" a Figures here for 1891 and 1893 are simply th e to ta ls of th e earnings fo r th e
fo u r w eeks o f th e m onth as reported in th e weekly r e tu r n s ; th e m o n th ’s earn ­
ings usually exceed th e w eekly estim ates quite considerably.

|V ol , L v in ,

G R O SS E A R N IN G S A N D M IL E A G E IN A P R IL .
G ross E a r n in g s .
N am e o f R oad.
1894.
A.toh. T .& S , F e S y s..
8 t. L. & S .F ra n .S y s.
B alt.& O hio S o u th w a
B irin’h a m & A tla n tic
B ro o k ly n E l e v a te d ..
Buff. R ook. & JPittsb
B url. Ced. R . & N o ...
C a n a d ia n P a c ific -----C a ro lin a M id la n d ___
C har. C in. & C h ic . . .
C har. S u m te r & N o ...
C hesapeaK e & O h io ..
Chic. & E a s t Illin o is .
Chic. G re a t W e s te rn .
Chic. Mil. & S t P a u l.
Chic. P eo .& S t.L o u is .
Chic. R. Is l. & P a c . . .
Chic. <fcWest M ic h ...
Cin. G e o rg .& P o r t s . .
Cin. J a c k . <fe M a c k ___
C in n .P o rts m ’t h & V a.
Col. & M a y s v ille ..
*Clev. A k ro n & C o l...
Oiev. C in .C h .& S t. L . .
C olusa & L a k e ...........
C u rre n t R iv e r........ ...
D env. & R io G r a n d e ..
D et, L a n s ’g & N o r th ..
B u i. So. S h o re <fc A tl.
E. T e n n .Y a , <fe G a * .E lg in J o lie t & E a s t.
E v a n sv . <fe I n d ia n a p .
E v an sv . & R ic h u i’d . .
E v a n sv . & T. H a u t e . .
F lin t & P e r e M a r q ...
F la C ent. & P e n i u . .
F t. W o rth <fe R io G r.
G a d sd e n & A tt. U n .
G e o r g ia .... _____ . . .
Ga. S o u th . & F lo r id a .
Gr. R ap id s <feI n d ia n a .
Cin. R ic h . & F t. W . .
T r a v e rs e C itv ..........
M usk. G r .R .& I n d ..
G r. T r u n k o f C a n a d a !
C hic. <fe G r. T r u n k .*
D e t. G r.H av.& M iL *
G u lf & C h ic ag o ...........
H o o sa c T u n . & W ilm .
ETumeston & S h e n . . .
Illin o is C e n tra l . . . . . .
In d . D ec. & W este rn .
E n te rn a tT & G t. N o ..
* In te ro c e a n io (M ex.).
Io w a C e n tr a l........ .
Ir o n R a ilw a y ................
K a n a w h a & M ic h ___
K an. C. C lin. & S p r .. .
K an. C. F t. S.& M em ..
K an. C. M em . & B i r . .
K a n .C .P itts b . & G u lf.
K an, C ity Sub. B e l t . .
K an. C .W yan. & N .W K an.C .& B e a tr ic e . K eo k u k & W e s te r n ...
L a k e E r ie A ll. <fe S o . . .
L ake E r ie & W e s te rn .
L eh ig h <fe H u d . R iv e r.
L o n g I s l a n d ..................
L o u isv . E v a n s . & S t.L
L ouisv. & N a s h v ille ..
L ouisv. N . Alb.<fe Chic.
* L o u isv ille S o u th e rn .
L ouisv, S t.L , <fe T e x ,.
M aco n & B irm in g ’m .
M a n is tia u e ............—
*M em p. & C h a r le s t’n
M ex ic a n C e n tr a l........
M ex ican N a tio n a l—
iM e x ic a n R a i lw a y ...
M inn. & S t. L o u is ___
Mo. K a n s . & T e x . s y s ..
Mo. P a c . & I r o n M t-vM obile & B irn T g k a m
M obile & O h io .........
M ont. & M ex. G u lf
N. O rle a n s <&S o u th ...
N. Y . & P u t n a m ..,
N. Y. O n t. <feW e s t.. . .
N o rfo lk & W e s te rn
N orther-n P a c ific ..
O hio R i v e r . . . .........
O hio S o u th e rn .........
Peo. D ec. & E v a n s v . .
P itts . M a rio n & C hic
P itts b . & W e s te r n —
P it ts b . C lev. & Tol.
P itts b . P a - & F a ir
Q uin. O m a h a & K . C
R ich. & D a n v i l l e .. .
G e o rg ia P a c if ic ...
C h ar. C ol. & A ug
Col. & G re e n v ille ..
Rio G ra n d e S o u tlT n .
Rio G ra n d e W e ste rn .
Sag. T u s c o la & H u ro n
8 t. J o s . & G r. Is la n d .
8 t. L. A lt. & T. H .,._
St. L. K e n n e tt & S o . .
8 t. L o u is S o u th w e s ’n
St. P a u l <fe D u lu th ___
S an F r a n . & N o. P a c . .
S v. A rn er. & M o n t..
Sher. 8 h re v .& S o u th ..
S o u th C a r o l i n a . . . . . . .
T e x a s & P a c ific ...........
Tex..Sab. Y. & N . W ..
Tol. & Qiiio C e n t r a l..
Tol. P e o ria <fe W est’n .
Tol. S t: L. & K . C ity .
W a b a s h ........................

$

2 ,6 3 6 ,5 2 3
62 1 .1 5 8
4 6 9 .0 2 6

2,010

1 4 4 ,9 2 3
2 2 2 .5 6 2
272,6(58
1 ,3 0 3 ,0 0 0

2,686

11,263
1 1 ,4 0 0
6 8 4 ,3 4 4
2 7 3 ,4 0 1
2 7 8 ,9 8 3
2 ,2 5 7 .2 3 2
7 5 ,857
1,37 3 ,3 7 0
12 0 ,1 1 9
5,0 1 6
5 7 ,2 5 3
18,898
743
5 4 ,489
9 8 2 ,6 3 0
1,000

1 0 ,7 9 4
4 8 7 ,8 0 0
8 1 ,102
1 12,115
2 6 6 ,5 2 6
8 2 ,118
2 1 ,8 0 3
1 2 ,1 8 8
8 2 ,678
1 8 9 ,7 3 2
18> ,604
2 5 ,9 8 0
416
8 8 ,6 0 3
5 9 ,076
1 54,295
2 7 ,0 0 6
3 ,9 4 5
7 ,8 8 5
1 ,3 2 7 ,6 0 6
1 8 2 .2 1 7
5 6 ,3 0 7
2 ,9 8 4
2 ,9 6 2
9 ,0 0 0
1 ,3 1 2 ,4 0 3
2 5 ,6 8 5
2 4 8 ,9 1 0
1 4 7 ,6 8 0
1 3 0 ,3 3 2
2 ,9 3 1
2 9 ,7 6 7
2 1 ,9 8 9
2 9 9 .4 8 0
6 8 .1 0 6
2 9 ,1 8 2
1 3 ,1 1 6
2 2 ,1 9 0
8 12
3 1 ,7 1 4
6,835
2 4 0 ,2 9 8
3 3 .361
2 9 1 ,5 5 6
1 1 4 ,2 8 2
1 ,4 1 3 ,9 3 5
2 2 9 .8 9 9
2 7 ,0 8 5
3 4 ,662
5,575
1,0 1 3
57,941
6 9 4 ,0 7 8
3 5 1 ,1 3 5
23 7 ,8 8 3

120,6u9

7 8 1 .9 0 0
1 ,9 3 0 ,4 3 1
15,671
2 5 3 .0 3 2
9 5 ,0 0 0
5 ,9 3 7
4 6 ,7 2 5
2 47,897
7 2 3 ,8 2 3
1 ,1 1 3 ,5 8 1
5 2 ,2 8 8
5 6 ,5 5 9
5 3 .8 7 9
3 ,3 2 0
9 4 ,9 7 5
4 8 ,5 7 8
1 5 ,312
18,275
6 9 3 ,0 3 6
1 2 5 ,7 2 0
5 2 ,4 7 9
3 4 ,8 2 0
2 1 ,0 8 7
16 4 ,6 0 0
7 ,4 3 5
7 5 ,9 3 3
1 0 8 ,5 9 0
1,828
3 2 4 ,6 5 4
8 8 ,8 5 0
6 4 ,8 1 0
3 2 ,776
1 7 ,774
8 7 ,200
4 7 6 ,8 8 5
3.6 5 2
13 8 ,3 0 3
66,670
11 4 ,0 5 3
872,881

Q
le y o .

$

KUeaa-

Increase or
D ecrease. 1 8 9 4 . | 18 9 3 .

3 ,0 3 7 ,0 7 6
6 6 5 ,5 4 5
5 1 4 ,3 2 0
3,2 2 7
1 5 7 ,7 1 9
3 2 1 ,6 8 6
2 8 0 ,3 6 4
1,59 9 ,2 1 4
2,6 0 9
1 1 ,243
8 ,8 0 0
8 6 1 ,6 2 4
3 3 0 ,1 8 6
3 2 2 ,6 4 2
2 .7 8 8 .6 3 6
95,091
1,39 3 ,0 5 1
1 62,938
5,469
5 7 ,8 5 0
2 4 .515
1 ,3 1 0
6 1 ,2 5 9
1 ,1 0 8 ,9 ^ •
1,300
1 2 ,2 9 7
6 3 4 .5 0 0
9 3 ,7 1 4
1 67,979
2 8 4 ,3 8 6
7 8 ,1 6 8
2 8 ,795
1 2 ,0 7 4
1 0 2 ,8 0 5
2 6 3 ,6 1 5
13 0 ,3 5 1
5 2 ,7 5 2
791
8 7 ,502
5 7 ,6 0 9
2 0 7 ,4 5 8
4 1 ,241
6,003
1 4 ,2 2 1
1 .4 6 0 .6 3 6
2 1 1 ,5 5 8
6 6 .6 4 7
2,8 6 2
3.1 1 9
8,702
1 ,5 4 2 ,9 9 8
3 3 ,7 5 4
3 2 6 ,4 9 2
1 37,57»
13 1 .0 6 1
3,4 9 9
2 6 .6 3 4
2 1 ,033
3 4 6 ,3 0 8
7 4 ,5 3 9
4 ,8 7 6
9,7 4 1
2 5 ,488
1,0 3 2
2 9 ,3 2 2
6,066
2 9 4 ,8 1 6
4 7 ,0 8 4
3 0 4 ,9 0 9
1 44,361
1 ,6 7 5 ,5 0 3
2 6 5 .0 6 1
3 6 ,545
5 2 ,6 3 7
4 ,5 5 2
1 0 ,177
7 0 ,9 8 9
7 2 3 ,7 3 6
3 5 5 ,6 9 5
2 5 9 ,2 5 2
1 3 0 ,8 0 2
88 6 .6 3 6
2 ,0 1 1 ,0 8 9
1 5 ,2 5 7
2 5 0 ,1 1 5
9 4 ,1 0 9
9,2 2 8
4 8 ,675
2 8 5 ,8 2 1
86 6 ,7 2 1
1 ,6 5 3 ,2 5 7
6 5 ,1 5 3
5 2 ,253
6 7 ,2 0 6
3,3 7 5
1 3 1 .6 3 6
6 9 ,1 1 4
3 2 ,3 7 3
2 4 .583
7 4 9 ,2 6 0
1 3 7 ,1 0 0
4 7 ,4 0 0
3 1 ,2 0 0
4 7 .5 1 6
1 9 9 .5 0 0
1 0 ,397
8 4 ,855
1 2 5 ,3 3 0
1,973
4 1 1 ,6 2 5
13 6 ,0 5 1
6 6 ,5 3 4
3 8 ,8 3 8
21,202
8 5 ,691
5 2 2 ,6 6 2
4 ,5 7 6
1 6 1 ,9 5 4
6 8 ,427
1 2 2 ,5 4 8
9 9 3 ,1 9 6

$

—4 0 0 ,5 5 3
—44,387
— 15,294

7,4 5 8
1,8 6 4
9 17
— 1 ,2 1 7
22
—1 2 ,796
20
—99, 24
344
—7,73*! 1,134
- 2 9 6 ,2 1 4 6,3 2 7
55
+7

-{-20

+ 2 .6 0 0
—1 7 7 ,2 8 0
—56,785
- 4 3 ,6 5 9
—531,401
—1 9 ,234
—19 ,6 8 i
—42,819
—45:-i
—5971
—5,617
—567
—6.770
- 1 2 6 ,3 4 1
—300
—1,503
—14 6 .7 0 0

—12,6L2
- 5 5 ,8 6 4
—17,86u
+ 3 ,9 5 0
—6.9 2
+ 114
—20 ,127
—7 3 .8 8 3
+ 5 0 ,2 5 3
—2 6 ,772
—375

+1,101

20

139
1,2 6 9
515
9 22

6,0‘6
31 6
3 ,7 ( 0
575
42
3 45
106
19
1 94
1,8 5 0
22

82
1,657
334
589
1,2 6 5
182
1 56

10

165
6 56
928
1 46
11

307
2 85
4 36

7,481
1,8 6 4
917
22

17

294
1,134
6,015
55
207
139
1,269
480
922
6,086
316
3,456
575
42
345
106
19
19 4
1,850
22
82
1,646
334
589
1,265
182
156
102
165
656

666
146

11

307
+ 1 ,4 6 7
285
—53 ,163
436
—1 4 ,2 -*5
86
86
26
26
—2 ,0 5 8
37
37
—6,336
—133.030 3,5 0 4 3,513
335
—2 9 ,3 4 1
335
189
—1 0 .3 4 0
189
62
62
+ 122
25
25
—157
95
95
+298
—2 3 0 ,5 9 5 2,888 2,888
15 2
152
—8,069
825
82 5
—7 7 ,5 8 2
+ 10,102 5 i9 5 19
49 7
497
— 729
20
20
—563
1 42
1 73
+ 3 .1 3 3
1 63
163
+906
671
671
- 4 6 ,8 2 8
276
276
—6,433
132
235
+ 2 4 ,3 0 6
35
35
+ 3 ,3 7 .
175
175
-3 ,2 9 8
2-J
—220
20
148
148
+ 2 ,3 9 2
61
61
+769
7 25
725
—5 4 ,518
90
90
—13,720
3 62
362
—1 3 ,4 5 3
368
—30,079
368
—261,568 2 ,9 5 5 2,943
537
537
—3 5 ,162
1 30
130
—9,4 6 0
166
166
- 1 7 ,0 7 5
97
97
+ 1 ,0 2 3
44
44
—9,1 6 4
330
330
—1 3 ,0 4 3
—2 9 ,6 5 8 1,847 1,847
—4,560 1,219 1,219
321
3 21
—2 1 ,3 6 9
355
355
—10 ,193
—1 0 4 ,7 3 6 1,945 1,708
—1 8 0 ,6 5 8 5,3 7 5 5,375
147
149
+414
687
68 '
+ 2 ,9 L7
3
87
387
+891
65
65
—3,291
61
—1,9 5 0
61
477
47
—3 7 ,9 2 4
1,567
1,556
—1 4 2 ,8 9 8
—5 3 9 ,6 7 6 4 ,6 2 3 4,623
215
215
—12,865
150
226
+ 4 ,3 0 8
340
340
—1 3 ,3 2 7
25
25
—55
227
227
—36 ,661
77
77
—2 0 ,5 3 6
6 L 61
—17,061
134
1 34
—6.308
—5 6 ,2 2 4 1,953 1,953
5 64
56 4
—1 1 ,3 8 0
373
373
+ 5 ,0 7 9
296
2 96
+ 3 ,6 2 0
172
180
—2 6 ,429
529
529
—3 4 ,900
67
—2,9 6 2
67
445
445
-8 ,9 2 2
239
239
—1 6 ,740
20
20
—1<5
—86,971 1,223 1,223
248
248
—47,201
165
165
-1 ,7 2 4
300
3 00
-6 ,0 6 2
153
153
—3,428
270
270
+ 1,5* 9
1,499 1,499
—45,77
38
38
—924
308
368
—23,651
247
24'
—1,757
451
451
—8,495
—1 2 0 ,3 1 5 1,935 1,880

THE CHRONICLE.

May 12, 1894.1
G ross E a m m g s .
N am e o f Soad.

W est. N. Y . A P e n n . .
W heel. A L a k e E r ie ..

18 9 4 .

1S93.

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

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

UUea,.e

In crea se or
Decrease. 1 8 9 4 .
8
-6 4 .6 0 S
- 1 3 ,8 7 0

640
255

j

1893.
640
255

T o ta l (123 ro a d s ). . 3 0 ,9 9 2 ,S89i 3 6 ,0 1 7 ,1 9 8 —8 ,0 2 4 .3 0 9 9 1 ,6 1 3 90.136
* F o r th r e e w e e k s o n ly ,
t F o r f o u r w e ek s e n d e d A p ril 28.
a In c lu d e s O hio A M ississip p i fo r b o th y e a rs,
G B 0 3 3 E A R S rIK Q S FR O M J A N U A R Y 1 TO A P R IL 35.
i f m e o f Road.

18 9 4 .

18 9 3 .

8
S
9 ,8 8 5 ,4 8 0 1-2,056,854
2 ,7 4 9 .0 3 8
2 ,4 1 6 593
2 ,2 4 0 .9 2 9
2 ,0 0 3 ,0 5 6
12.012
7 ,4 0 6
6 1 6 .6 8 2
5 9 2 ,3 5 9
1
,0
4
4 .4 1 4
874.441
1 ,2 0 1 ,9 7 0
1 .3 5 3 .2 4 9
5 ,2 3 0 ,1 2 6
5 ,9 6 3 ,5 8 2
18.306
17,243
57.151
5 8 ,8 1 4
59,80*
6 3 ,6 0 0
2 ,8 4 7 ,5 1 0
3 ,2 4 3 ,2 1 0
1 .3 9 3 ,3 3 5
1 ,1 3 4 .2 0 9
1,144,311
1 ,3 6 5 .6 3
9 ,0 3 4 ,6 3 8 1 0 ,6 0 3 ,3 1 6
4 0 0 ,9 1 3
3 2 0 ,9 7 9
5,06 6 ,6 3 4
5 ,4 3 2 .3 3 6
5 9 7 ,2 4 7
4 8 7 ,264
19.225
19,374
2 0 5 ,5 0 3
2 3 0 .1 9 2
82.156
6 6 ,7 2 3
2,9 8 8
4.3 4 9
2 6 4 .622
2 9 4 .491
4 ,2 3 0 ,0 7 8
3 ,8 5 1 .5 7 7
5.117
6.555
4 3 ,9 6 5
4 1 ,7 5 5
2,7.35,195
1 ,9 8 1 ,0 2 2
3 2 8 ,4 0 6
3 8 1 ,0 8 3
4 2 2 .8 8 6
6 0 6 ,3 1 5
1 ,6 7 9 .3 5 1 .8 2 1 .1 1 6
3 1 5 ,3 5 6
306,801
9 2 ,5 8 9
1 2 0 ,7 3 6
4 0 ,4 0 6
3 3 .1 0 7
3 9 8 .404
9 0 2 ,8 5 8
9 * 0 ,3 9 3
8 2 9 ,4 1 0
8 8 2 ,0 4 4
8 0 3 ,8 8 7
8 0 .7 0 c
132,1*18
1.979
3.1 1 4
4 5 5 ,1 0
4 8 0 ,5 2 0
■........................ !
2 7 9 ,1 6 1
2 8 9 ,2 0 8
ifr%.Ite a tl/is :*%
.
5 9 1 .8 3 5
7 4 8 ,0 4 2
d r . I l« f« !§ & In d ia * 'a,
150*079
1 1 0,428
C ta. Bltsh.A F tW d y M ,
102507
18*902
Tfcxrerft* <-Ilf
2 9 ,5 7 0
4 8 ,1 4 0
M!m (»r- I t -If
5
,4
5
0
,2
?
1
5*5*72,531
O r^ T m a k of €aan*lai. .t
8 7 9 ,9 9 3
1,O04,*2S0
0&I& A <1r. Trunk***../
280.655#
3 1 6 , §85
£*£. 0 r , 1 1 ,4 M tt# .* ,
1 1,192
13,8 8 9
d a M 4f C fe tc ag o ...
11,1 6 0
10,2 5 7
i
3 9 ,5 0 0
45,?«-4
A tikeniiatTiJ
0 ,2 0 *',918
M tm m Ctaotnl : 5,717.01*6
150,2*7
107,452
l2KU»a»p. 1>#e- & W«# t...
1 ,0 05,633
1 ,4 0 8 .0 2 0
In i. A ClTeivt N o r th e rn ...
7 0 7 ,0 8 3
7 5 6 ,3 1 8
* ln ta ro c e a a tc C SfeM *.. *
51*4.200
6 8 7 ,4 6 i
lo w * C « .o im l.. . . . . . . . . . .
13,1 5 7
14,514
Iro n R a ilw a y .. . . . . . . . . . .
1 1 0 ,9 4 5
1 1 2 ,4 0 0
S te fc w n a a Mleiiisrmu
90,331
© 1,949
X te . Clfir C lio . A a p t , . .
1.2-50.905
1 ,5 6 2 .0 7 1
I t e m C. F t. 8, A M a m ..
3 4 8 .251
3 8 9 ,0 0 2
K an. Q t f M©to. A B t r . .
0 2 ,7 8 5
. Cl I t F ill* . A G all..
2 6 .3 5 9
5 6 ,5 3 5
5 7 ,7 3 ?
i Cl i f 8al>. B**it .
109,134
1 0 8 ,077
. c u y Wy. A N . W ...
3.9 0 7
4 .7 5 0
K an. C ity A B#fttc§fre.
120.481
1 2 4 ,0 9 ?
E e d lto k A W e s te r n .. . . .
28.75*1
JL E rie A l lltm m A 8 o ,.
.
1 .1 0 0 ,5 9 Balt© E r ie A W m lm tu ...
9 7 9 .6 s
0 8 8 ,1 2 '
L o a # f a l a a i l . . . . . . . . . .......
1,026,760
6 0 3 ,271
4 6 5 ,7 3 :
Eoofoir,
A 81. JL
7,2 4 1.25*
0 ,2 0 8 ,1 6
EfMiis'. Hie A N aahT O Ie..
9 8 2 ,3 9 2
813,89Lc*$iisv. N. At!*, A C tiiG ..
1 §0,404
2 1 5 ,1 5 3
9I a b !f f l l l o S o u th e rn . . .
124,191'
1 9 7 .5 7 0
io a to f. i t , 0 A T e x m .
2 4 .1 1 8
20 .1 2
M aeoii A B lroiU inharii . .
10,8 M
4 9 ,7 9 0
M a t e t i o t t e ...........
3
8
5
,
40*:;
4
9 1 ,0 5 7
•'M em ptii* & C N tlftito &
2 ,8 1 4 ,7 2
2 ,0 0 2 ,5 8 3
If» i i e a n C on t r a i . . . . . . . .
1 .5 0 5 ,4 8 5
1 ,3 *'2.67*
M exican. N a tio n a l. . . . . . .
1.0 3 0 ,2 0 i
1 .0 7 6 ,8 5 2
I M te d o ia R a ilw a y . . . . .
5 4 4 /2 4 *
509.052*
H Iattaap o iiil & i t . lUral#
2 ,9 3 3 ,7 2 6
2 ,8 7 ? ,4<4
lf ii« * a r i K. ATex* **?»..
7 ,3 2 4 .4 8 f ; 8 ,6 8 5 .9 7 5
M<«, P acific A iro n M l,.
83.344 j
89,4701
*Mofeltfr A Bl tm tm g lm m .
I ,0 i4 .9 3 2 j 1 ,1 1 8 ,6 7 2
M o ttle A O iiio ,..
3 6 2 ,9 7 3
387, OOC
M m tm m f A M te» 0 » M .
43.308
33.8 if-1
If. O rie a n * A iw tlflierti
1 7 9 ,3 7 9
174,102!
Mew Y ork A P l f t t e t t i . . .
M, X*. OotACSo A W ea t'u - j 1,017,22* j 4 ,1 0 9 ,3 0 1
Morin Ik A W«*:t e r n . . . . 1 2*881,720f 3,2-58,818
W®rt.bmm Pacific. . . . . . . . 4,067,27Si 5 ,8 5 7 .9 1 2
240,788
187,16*#
O hto RiTC‘1'. . . . . . . . . . . . .
210,02 tj 2 5 0 ,0 7 3
O hio B ootfcera . . . . . . . . .
241,413
Peftrin I > c . A Er®n*ty,.
2 8 5 .0 9 6
1 3 ,5 1 2
12,113
fMtsfe* M ario n A Cfefft..
4 3 5 ,9 0 1
383,310 j
F jllsb ttrir A W e l te r s ,,...
2 4 7 ,8 5 4
182,130
jfitftafe C te*«. A T o t,
82.1421
72,3875
F ttta b . F * a ln e f^ F ’p i.
86,574!
71*8421
Oniuba A K, C ..
2 ,7 8 4 ,1 9 1 i 2 ,9 5 1 .3 0 3
Rtnhttto.ed A U».fi T ille .
j 6 *»8 ,4 0 8!
G e o rg ia Pan* lie.,. . . . . . .
2 2 5 ,4 5 3
2 2 7 ,O il I
C h ar. CoL A A ttk . . . . .
1 9 7 ,2 7 9
214,040Coitifttttl* A G f m n v . .
203,0301
1 0 l,4 3 2 j
§40 O ra c fie S o m ^ e r n . ..
677.0371
SUo O taW le Wes*to r n . ..
8 8 8 ,8 2 8 1
3 7 ,6 7 8
3 3 .1 1 9
Sag. Toaoofm A H u ro n .
1 1 4 .7 1 1
3 1 0 .3 0 0
S i. J os, A Or»r,*1 f iI * n 8 .
521,1331
4 5 4 ,20* 8t 1^. A lt A T .il.B r ’eh*
10,114
9,485i t 0 . E e u n ttf A io n tb .
511.973!
358.8-75
i t P a u l A D o to ili. . . . . . .
1,706.9151
t , 3 7 8 .8 9 0
S t 0on.it S o n lfaw estern
A tch. T oo. A S .F e S y s ..,
Sr. I . A S. Fran.. S y s ..
B a it. A O . S o u th w e s t.u ,
B irm in g h a m A A tla n tic
B ro o k ly n E l e v a t e d ........
B ag . K och. A F u te o u rs r.
B a r i. Ced. R ap . * S o . ..
C a n a d ia n P a e td e .............
C a ro lin a M id la n d ..........i
C h a rle sto n C in . A C to e C har, S o m te r A N o rth -®
C h esa p ea k e A O h io .
Chic. A E a s t'n I ll in o is ..
C hic. G n a t W e s te rn .......
Chic. H U tr. * S t. P a u l..
Chic. P e o A S L L o ttie ..
Chic. R o ck 1st. A P a c .. .
Chic. & W est M ich ig an .
C ia. G eofir. A P o r ts ttftli
O n . J a c k s o n A M ack .
C um . P o rt* . A V irg in ia ,.
C olum bus A M iiy .v i![r
"Clove, A k ro n A Col...... :
Clcv. C m . C hic. A S t. L . :
C olnea A L u t e ...................
C u rre n t R i v e r . . . . . ..........
D e a r , A Rio G ra n d e
D e l. L a n s in g A S o r th 'n
B u i So. S h o re A A ll—
Easts r u n . Vsi. A G *
K le in J o lie t A E a s t . . . . . j
®v»n«T. A 1 m lia ita p o lls ;
E v a n e v . A R lc b tao n d . ..
I t t i t f . A T e rr * H a u ls
n i m A P e r* Maur«|tt£t!6.;
Fla. em%. A F**8iof:ata.f-5
F t, V flfW A Ki« O ra n d *
0s0#4ej*. A
0 a. ..

In c r e a s e . Decrease.
S
2 ,1 7 1 ,3 7 4
3 3 2 ,4 4 5
237, S73
4,608
54,323
169,973
51,279
............
7 3 3 .4 5 6
1.063
1,663
3,300
3 9 5 .7 0 0
264.127
221,292
1.569,173
85,934
2 3 4 ,298
1 0 9 ,9 s3
............
649
24 ,8 8 9
15,433
1.301
25,869
425,501
1.438
2.210
80-1,173
52,677
..............
183,929
141,258
5 1 ,4 4 5
23,147
7,2 9 9
35,546
. ______
150.953
301*343
45,428
1,135
35,4 1 9
10,045
154,207
.........
40,451
2.435
18,.-.-6
_. -,:.T„r, 322,4.60
1 8 4 ,293
30,2 4 0
503
903
6,264
4 9 1 ,8 2 2
42.775
3 9 9 .7 3 2
4 9 ,2 2 9
0,745
1,357
1,545
1,018
. . . ___ _ 3 0 5 .1 6 6
40.751
6 6 .4 2 0
1,202
1.057
§43
2.383
5,100
2 1 0 ,912
138.633
137.539
1,035,093
168.987
29,049
73,381
2.011
38,0 8 0
105.651
15*2,11<
rT.r. .
122.006
4 6 ,5 5 7
35,193
$

' . . . ....

24,0 2 7

2,2 2 8
16,761

y a m e o! R o a a
S an F e a n . & N o. P a c ific .
S a v a n . A m er. & M o n t..
S lie rn ia n S h re v e . & S o ..
S o u tli C a r o lin a .........—
T e x a s & P a c ific ...............
T ex . S a b in e V a l. & N .W T oledo & O hio C e n t r a l- .
1U1CUW JL
V -L- L.
Tot. S t h . A K a n . C ity ..
Wabash.............................
W est N. Y. A P a . ........
W heeling & L a k e E r i e ..

801
1894.
$
20 9 .6 0 6
143,672
94,538
44 1 ,6 3 9
2 ,0 4 1 .7 6 0
14,744
4 8 3 ,2 6 8
28 0 ,9 9 4
420,416
3,648,06*2
903,258
3 9 7 ,9 4 0

13 9 3 .
$
230,959
17S.8S9
87,271
50 6 ,8 6 5
2 ,3 1 1 .7 5 7
18,181
6 78,630
3 0 5 ,8 1 9
5 « 1 ,7 0 9
4 ,2 1 2 ,0 6 0
1,159,564
4 6 4 .3 5 9

1 2 6,356,621 1 4 5 ,1 7 9 ,1 3 4
W et d e c re a s e .
* F o r th re e w e e k s o n ly o f A p ril.
1 To A p ril 28.
a In c lu d e s O hio A M ississip p i f o r b o th y e a r s .

Increase.
$
7,3 1 7

U

Dzcrecv 6
2 1 ,3 5 5
3 2 ,2 1 7
6 5 .2 2 G
2 6 9 ,9 9 T
3 ,4 3 7
1 9 5 ,3 6 2
24.8251 4 1 ,2 9 a
5 63.998;
256.30®
66,41©

6 9 1 ,9 2 3 1 9 5 1 4 4 3 6
13822513

p io u c t a v y lC c i m m c r c ia lg u o U s T t H c w s
[F ro m o n r o w n c o r r e sp o n d e n t.]
London , Saturday,

April 28, 1894.
Thesupply of money ia the open m ark et was again very scarce
this week and large am ounts have had to be borrowed a t th e
Bank of England for nine days a t 2 per cent per annum . T he
scarcity is due in the first place to the Stock Exchange settle­
ment, which shows an increased “ bull” account. On Tuesday,
the first day of the settlem ent, when loans are arranged, all the
money required was obtained from the joint-stock banks a t
1% to 3 per cent; but those who neglected to m ake th e ir
arrangements then had to pay considerably more on Thursday,
the last day of the account. The settlem ent has passed o ver
smoothly .although there were rumors of difficulties in the m in­
ing department. The second cause of the scarcity was p re­
parations for paying the interest on the Egyptian unified debt
on the 1st of May. For this purpose about three-quarters o f
a million sterling was called in from the m arket ou T hursday
by the house which makes the paym ent, because yesterday
and to-day are Jewish holidays. A third cause was the begin­
ning of the withdrawals of gold for Scotland which alw ays
occur at: this time of the year. And a fourth cause was th e
unwillingness tf the joint-stock banks to lend as freely as
usual just a t the end of the month, when they m ake
up their balance sheets. The Bank of England is exceedingly
strong. The coin and bullion now am ount to .631,838,000
and gold is steadily coming in. During the week ended W ed­
nesday night as much aa 6000,000 was received. The reserve
is very nearly 2 3 -s. millions sterling, which is by far the la r­
gest reserve ever held since the Bank Charter A ct was passed
in 1844. It am ounts to over 65 per cent of the liabilities.
The City of Paris loan has been an extraordinary success.
It was for the nominal am ount of 200 million francs, or 8
millions sterling, in bonds of 400 francs each, or £16. The
issue price was 3-10 francs, thus giving almost 8 per cent to
the investor. The loan was quickly run to a premium of 15
francs, the chief attraction being draw ings w ith prizes—one
of 100,000 francs, one of 50,000, two of 10,000 and th irty of
1,000 francs. The loan was covered over ninety tiroes. O f
course this was largely fictitious, but it shows how very ex­
tensive is the am ount of money w aiting for investm ent in
France. The preparations for the loan gave the B ank of
France an enormous am ount of business. The private depos­
its actually increased 300 million francs, or 20 millions sterling.
But the money was quickly lent out again, so th a t in conse­
quence the loans and discounts increased 21 millions sterling.
The French budget for 1895 am ounts, in round figures, to
1,301.4*59 140 millions sterling. On the first account presented it shows
6.128
S 1.740 a deficit of about 5% millions sterling ; but this is reduced by
9.4 5 9 nearly one-half by applying the savings effected by the con­
5,277 version of the 4}| per cents into
per cents. To make u p
92,077
27.5,098 the remainder new taxes are imposed or old taxes are in­
1,790,634
43,,893 creased. The chief feature of the budget is the substitution
4 0 ,0 4 9 of a house and servant’s tax for the existing duties on doors,
43,683
1.399 windows and furniture, with regard to which th e principle
52,67 55,518 of graduated taxation is introduced.
9.775
India has begun to buy stiver once more, and in conse­
14.732
186,999 quence there has been a rapid rise in the price. A t one tim e it
25,028 reached 29" jd. per ounce, b ut declined the next day to 29 5-16d.
per ounce, and yesterday to 29}gd. China is also buying. It does
101,598
91 ,2 0 9 not seem probable th at the Indian dem and will be very larg e
4.559 ju st now because the Indian money m arket is exceedingly
98,441
66,928 t'ght. B ut if ease returns then the expectation is th at th e
629
153,098 demand will increase rapidly. The India Council has been
3 2 8 ,2 1 6 fairly successful in the sale of its drafts. It offered for ten d er

THE CHRONICLE.

802

as usual on Wednesday 50 lakhs, and the applications were
for about two and one-half times as much, The bills were
sold at Is. 1 9-16d. per rupee. Applicants for transfers at Is.
1 9-16d. were allotted 32 per cent of the amounts applied for;
applicants at higher figures were given all they asked. Later
in the day the Council sold 9 lakhs by private contract.
There has been a good deal more activity in the stock
markets this week. The American department is neglected ex­
cept that the investment in good bonds continues satisfactory;
but all speculative securities are avoided, and the feeling here
for the moment is rather bearish. People are beginning to
fear that the expected recovery will be deferred longer than
they had thought likely, and therefore that speculation has
no chance of succeeding for the present. International se­
curities are likewise neglected. Paris has been so
much occupied with the City Municipal Loan that
little else has been attended t o ; and although there
is a decidedly better feeling in Germany business is
still slack. The crisis in Italy continues as bad as ever. The
ministry has obtained several signal victories in the Chambers
and there is more hope now that it will ultimately carry its
Budget proposals. But for all that the outlook is not cheer­
ful. A"nd the state of affairs in Spain is as bad as ever. The
premium on gold at Buenos Ayres has risen further. From
Brazil the news is better and the expectation now is that
order will be gradually restored. The market for Brazilian
securities therefore is steady and firm. Speculation for the
moment, however, is confined almost entirely to home secur­
ities, and especially to the ordinary stocks of British railways,
the lower-priced stocks being in special request.
Trade is slowly improving, and the impression is that the low­
er priced stocks will rise considerably. The really good stocks
are already very high and a further advance is not thought
likely until improvement in trade has made further progress.
The Government has this week contracted for the construction
at'private ship building yards of six large second-class cruisers,
and other contracts are to be given out. This, of course, vs ill
increase the demand for iron and steel. Everywhere there is
a decidedly more hopeful feeling in trade, and nobody doubts
that money will continue plentiful and cheap for a long time
to come. Temporary causes for the moment are limiting the
supplies in the open market in London, but these will soon
pass away, and with very cheap money the hopeful feeling is
sure to grow.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, Ac.,
compared with the last three years:

Circulation............. ........... ..........
Public deposits..............................
Other deposits...............................
Government securities...............
Other securities............................
Reserve of notes and coin..........
Coin & bullion, both departm’ts
Prop, reserve to liabilities., p. c.
Bank rate........................per cent.
Consols, 2H per cent....................
Clearing House returns...............

1894.
April 25.
£
24,920,250
7,076,020
28.854,818
9,379,038
20,636,766
23,717,957
31,838,207

1993.
1892.
1891.
A pril 20.
April 27.
A pril 29.
£
£
£
25,608,880 25,724,405 24,856,865
5,244,685
5.893,252
8,019,764
29,781,584 29,636,375 28,876,692
11,208.101 11,256.001 11,337,652
25,503,043 26,799,292 30,542,463
16,150,168 15,264,409 12,919,629
25,309,018 24,638,814 21,326,494
34 13-16
esu
iW
2
*2
2%
3%
100X
99 3-10
96 7-16
95 9-16
110,420,000 108.656,000 104,824,000 153,171,000

* April 28.

The following shows the imports of cereal produce into the
United Kingdom during the thirty-four weeks of the season
compared with previous seasons:
IMPOSTS.
1 8 9 2 -9 3 .
1 8 9 3 -9 4 .
Im p o r ts o fw h e a t.o w t.3 8 ,5 1 8 ,8 8 2 3 9 ,5 1 7 ,8 2 3
B a r le y .......................... 2 2 ,0 4 0 ,3 9 4 1 1 ,8 1 7 ,2 2 1
O a ts.................................. 8 ,3 8 9 ,3 5 3
8 ,0 7 1 ,1 8 8
P e a s ................................. 1 ,7 5 8 ,2 3 6
1 ,5 0 s, 517
B e a n s .............................. 3 ,5 7 4 ,8 7 7
2 ,9 4 2 ,0 3 1
Indian corn.............. 21,220.068 1 8 ,9 4 8 ,1 9 3
F lo u r ............................... 1 2 ,4 3 7 ,3 4 8 1 3 ,7 7 3 ,0 6 3

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

1890-91.
3 6 ,6 6 3 ,3 1 6
1 3 ,9 7 5 ,5 8 6
8 ,8 3 6 ,1 4 2
1 ,3 0 8 ,8 8 5
1 ,9 3 3 ,8 6 2
1 8 ,2 2 6 ,8 6 0
1 0 ,8 8 3 ,5 0 9

Supplies available for consumption (exclusive of stocks on
September 1):
1 8 9 3 -9 4 .
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
1 8 9 0 -9 1.
m e a t .................... c w t.3 3 ,5 1 8 ,8 8 2 3 9 ,5 1 7 ,8 2 3 4 4 ,0 9 0 ,0 8 2 3 6 ,6 6 3 ,3 1 6
Im p o rts of flour..........1 2 ,4 3 7 ,3 4 8 1 3 ,7 7 3 ,0 6 3 1 3 ,3 4 0 ,5 1 6 1 0 ,8 8 3 ,5 0 9
B ales o f h o m e-g ro w n .1 6 ,1 2 9 ,2 5 1 1 8 ,4 4 1 ,4 7 4 2 1 ,8 3 3 ,9 9 8 2 6 ,6 3 2 ,2 2 3
Total,

6 7 ,0 8 5 ,4 8 1

7 1 ,7 3 2 ,3 6 0

7 9 ,2 6 4 ,5 9 6

7 4 ,1 7 9 ,0 4 8

1893.
A ver, price w h ea t w eek .2 4 a . 8d.
A v e ra g e p r ic e , s e a s o n ..2 6 s . Od.

18 9 2 -3 .
2 5 s. 5d.
2 6 s. 9d .

1891-2.
3 0 s. 8d.
3 5 s . Id .

1890-1.
40s. Id .
3 3 s. 5 d .

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
m e a t ................... q r s .
F lou r, eq u a l to q r s .
M aize..................... q r s .

This week.
L a st w eek .
3 ,2 6 8 ,0 0 0 3 ,2 4 3 ,0 0 0
3 7 6 .0 0 0
3 2 6 ,0 0 0
5 8 9 ,0 0 0
4 6 1 ,0 0 0

1893.
3 ,3 1 8 ,0 0 0
4 3 1 .0 0 0
2 6 3 .0 0 0

1 8 92
2 ,5 8 7 ,0 0 0
3 5 9 .0 0 0
2 6 3 .0 0 0

|Y ol . l v i i i .

E n g l l s U F i n a n c i a l M a r k e t * —P e r C a b l e ,

The daily closing quotations for securities, &c., at London
are reported by cable a3 follows for the week ending May 11 :
L on don .

Sat.

S ilv e r ,p e r o z ...................d
O onsois,new ,2% p er cts.
•lo fo r a o o o u n t..........
Pr’oh ren tes (in P a r is )fr .
U. 8 . i s of 1 9 0 7
..........
Canadian P a o iflc .............
CMo. Mil. & S t. P a u l .. ..
Illin o is C en tral.................
L ake Sh ore.........................
L ou isville <& N a sh v ille -M exican C entral 4 b ........
N. Y . C entral & H ud son .
N . Y . L ake E rie & W est’n
do
2d oon8.............
N orfolk & W estern, p r e f.
N orth ern P aoiflo p r e f...
P e n n sy lv a n ia .....................
P liil. & R ead., per share
U nion P aolflo.....................
W abash p r e f.....................

Jfon.

Tues.

Wed.

Thun.

F ri.

29
29
29%
28%
29%
28%
100% 10061S 100=16 100% 100316 1003,8
1007,„ 1003ft 10071S 100%
100%
100%
100*50 100-45 00-37% 00-52% 100*55 100-4*
69
63=8
95
1321a
50%
5614
101 hi
16
78
___
1 8 78
52%
8%
1 9 16
17U

683s
63
9434
132
49=8
56M
101 hi
15%
78

68%
62%
95
132%
49%
56
lo iu
15%
77

18hi
52%
8%
1 8 78
17

18
52%
8hl
18hi
16%

68%
62%
94%
I33hi
48%
56
101%
15%
77
..
18%
52%
8%
18%
16%

68%
62%
94%
132%
48%
56%
101
15%
77%

68%
62%
94%
133%
48%
56%
101
15%
77%

18%
52%

18 34
52%
8%
18%
16%

18%
16%

©umraexxial (ttuXi^Xiscellattecats |leius
N ational B anks .—The following information regarding
national banks is from the Treasury Department:
RECENTLY ORGANIZED.

4 ,9 5 2 —The N a tio n a l B an k of J e r s e y v ille , I llin o is. C apital, $ 5 0 ,0 0 0 .
A nd rew W. C ross, P r e sid e n t; E d w ard Cross, C ashier.
CORPORATE EXISTENCE EXTENDED.

2 ,1 4 4 —The P e o p le ’s N a tion al B a n k o f M artinsburg, W est V ir g in ia ,
u n til A pril 3 0 , 1914.
2 ,1 4 6 —T he F ir st N a tio n a l B a n k o f E a s t L iv erp o o l, O hio, u n til A p r il
30 , 1914.
IN LIQUIDATION.

2 ,3 2 8 —T he F ir s t N a tio n a l B a n k o f J e r s e y v ille , Illin o is , h a s g o n e Into
v o lu n ta r y liq u id ation , b y r e so lu tio n o f Its sto c k h o ld er s d a te d
A pril 2 8 ,1 8 9 4 .
3 ,4 9 3 —T he F irst N a tio n a l B an k o f F airfield , N eb rask a, h a s g o n e in to
volu n tary liq u id a tio n , b y r eso lu tio n o f its sto c k h o ld er s d a te d
A pril 10, 1894.
4 ,2 6 6 —T he F irst N a tio n a l B a n k o f L u lin g, T e x a s , h as g o n e in to v o l­
u n ta r y liq u id a tio n , b y r eso lu tio n of its sto c k h o ld er s d a te d
D ecem b er 2 3 ,1 8 9 3 .
4 ,3 1 7 —T he A m erican N a tio n a l B a n k of S alina. K an sas, h as g o n e in to
v o lu n ta r y liq u id a tio n , b y r e so lu tio n o f it s s to c k h o ld e r s d a ted
A p ril 30 , 1894.
4 ,7 3 3 —T he A sn en N a tio n a l B an k , A sp en , C olorado, h a s g o n e In to v o l­
u n ta r y liq u id ation , b y r eso lu tio n o f it s sto c k h o ld er s d a te d
A pril 9 , 1»94.
NATIONAL BANKS AUTHORIZED TO RESUME.

4 ,3 1 5 .—T he F ir s t N a tio n a l B a n k o f P o r t A n g e le s, W ashington.

Coinage by U nited S tates Mints .— The following state­
ment, kindly furnished ns by the Director of the Mint, showthe coinage at the Mints of the United States during the month
of April and the four months of 1894.

April.

D en o m in a tio n .
P ieces.
D onble e a g le s ............
E a g le s............................
H a lf e a g le s ..................

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

F o u r M onths.
V alu e.

P ieces.

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

$
1 ,7 4 3 ,4 4 7 3 4 ,8 6 8 ,9 4 0
9 9 1 ,0 6 7 9 ,9 1 0 ,6 7 0
1 6 ,611
8 3 ,0 5 5

Q uarter e a g le s ..........
D ollars..........................

V alue.

13

32

T otal g o ld ................

7 3 2 ,6 8 0

1 0 ,1 8 4 ,0 0 0

S ilver D ollars............
H a lf d o lla r s ................
Q uarter d o lla r s ____
D im e s............................

7 6 i,6 0 6
6 4 8 .0 0 0
4 0 0 .0 0 0

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

252
2 .8 5 0 .2 5 2
2 .0 1 6 .2 5 2
4 0 0 ,2 5 2

252
1 ,4 2 5 ,1 2 6
5 0 4 ,0 6 3
4 0 ,0 2 5

T otal s ilv e r _______

1 ,7 5 2 ,0 0 0

5 5 4 ,0 0 0

5 ,2 6 7 ,0 0 8

1 ,9 6 9 ,4 6 6

F iv e c e n ts ...................

2 5 0 ,0 0 0

1 2 ,5 0 0

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

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

8 ,5 2 7 ,0 2 4

2 0 4 ,7 4 1

2 .7 3 4 ,6 8 0

1 0 ,7 5 0 ,5 0 0

—

T otal m in o r ............
T otal c o in a g e ..........

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

1 6 .5 4 5 ,1 7 0 4 7 ,0 3 6 ,9 0 *

Changes in L egal Tenders and N ational B ank N otes to

May 1. — The Comptroller of the Currency has furnished
us the following, showing the amounts of national bank notes
April 1, together with the amounts outstanding May 1,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank
notes up to May 1.
n a tio n a l B a n k N otes—
A m ount o u tsta n d in g A pr. 1 ,1 8 9 4 ..................
A m ount issu e d du rin g A p r ...................................
A m oun t retired d u rin g A p r . ...........................

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

L e g a l T ender N otes—
am ou n t on d e p o sit to red eem n a tio n a l bank
n o tes A pr. 1, 1 8 9 4 ................................................
A m o u n t d e p o site d d u r in g A p r ..........................
Amt. reissu ed & bank n o te s retired In A p r ..
A m ount on d e p o sit to red eem n a tio n a l bank
n otes M ay 1, 1 8 9 4 ................................................

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

A m oun t o u tsta n d in g M ay 1 ,1 8 9 4 * _______

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

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

•C ircu lation of N a tio n a l G old B anks, n o t in clu d ed in above, $94 ,7 3 7 .

According to the above the amount of legal tenders on
deposit May 1 with the Treasurer of the United States to
redeem national bank notes was $27,231,785. The portion of

THE CHRONICLE.

May 13, 1894]

this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re­
ducing or retiring their circulation, was as follows'on the first
of each of the last five months:
Deposits by— Jan. 1.
*

I n s o lv ’t bkA .

Feb. 1.

Mar. 1.

S

*

1 ,1 5 7 ,5 9 4
4 ,7 7 4 ,4 4 3

9 3 3 ,5 U

Uquidfg bks.. 4 ,8 3 7 ,1 7 3

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

A p r, 1.

J fa y 1,

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

$
1 ,5 8 9 ,575
4 .9 1 4 .959

B e a ’o’e a n d r.
a c t o f ”?*..• 1 7 ,5 7 3 ,6 3 5 1 9 ,0 4 2 ,2 1 7 1 9 ,8 2 9 ,4 5 1 1 9 ,6 7 1 ,4 9 3 2 0 ,7 2 7,251
T o ta l._____ 2 3 ,3 4 4 ,3 2 2 2 4 ,9 7 4 ,2 5 4 2 6 ,3 3 0 ,8 1 0 2 6 .2 0 9 ,4 2 7 27 ,2 3 1 ,785
• A o t o f J a n e 2 0 ,1 8 7 4 , and J u ly 1 2 ,1 8 8 2 .

I mports and E x po rt s fo r t h e W e e k .—Th e following are
the import* at New York for the week ending for dry goods
May 3 and for the week ending for general merchandise
May i : also totals since the beginning of the first week in
January,

803

EXPORTS FROM NEW YORK.

Month.

1893-94.

189L

i

D ry G o o d s........
G e n l m e r'd ls e .

* 1 .6 0 8 ,3 1 3
9 ,9 2 8 ,4 8 9

T o t a l ............
S in e s Jan.. 1.
D ry G o o d s........
G e n 'l m e r'd la e .

$ 1 1 ,5 3 6 ,3 0 2

1892.

j

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

1894.

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

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

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

$ 8 ,8 4 0 ,1 0 3

$ 4 7 ,5 1 4 ,9 6 4 ' * 4 7 ,4 5 2 ,2 7 7 * 5 8 .1 0 5 ,3 5 1
148 ,5 8 5 ,3 6 9 - 1 5 6 .4 3 2 ,0 5 7 ; 1 3 5 ,1 0 9 ,9 9 3

* 3 2 ,9 3 8 ,3 9 8
1 2 3 ,7 1 3 ,437

EXPORTS rSOM NEW TO&K FOR THE WEEK.
|

1891.

|

1892.

|

18 9 3 .

1394.

5 5 ,8 3 1 ,6 5 7 ; *3,9 5 9 ,3 0 '0j $ 3 .1 4 1 ,3 1 0
116,001*88 l i 1 3 6 ,2 0 3 ,5 7 5 ] 1 1 0 ,2 1 9 .4 8 7

f 8 ,7 8 2.413
129,380,6*46

T o ta l 18 w eek*. * 1 2 2 ,4 3 3 ,5 3 8 * 1 4 5 .1 6 2 ,8 7 5 8 U 8 .3 9 0 .7 9 7 *132.163 0 5 9

The following table shows the exports and imports of specie
at the port of New York for the week ending May 5 and since
January 1, 1894, and for the corresponding periods in 1893
a n d 1892:
e x p o r t s A x o ncporrs or s p e c i e at s e w t o r e .
A rp o rfj.
Week.

M n ee J a n . l .

O re * t B r it* la . . . . . . . .
W m u m ,.. . . . . . . . . . . . . . .
G e r m a n y .. . .................
W m t In d ie * . . . . . . . . . .

f*2,5 5 0 ,0 0 0
i jm .m 9
2U&00.000
1 8 2 ,3 2 7

S o u th A m e ric a ...........
A ll o th e r m i m t r i m . .

3 0 ,0 0 0
2 5 0 ,0 0 0

T o ta l 1 8 9 4 ...........
T o ta l 1 9 9 3 ...........
T o ta l 1 3 9 2 ...........

|

A6.A8.3 3006 ,7 0 7 ,9 9 9
1 ^ 0 0 ,0 0 0
6 ,8 5 2 391
4 5 .2 0 5
2 7 7 .9 3 5
8 4 8 ,2 8 5

* 5 .5 2 0 ,3 2 6 * 2 3 ,1 1 7 ,1 6 5
5 2 8 ,1 8 4 5 1 ,5 3 0 ,3 3 6
2 ,3 3 4 .7 7 0 2 2 .9 9 4 .1 7 3
M sp o rtt.

Im fm r ti.
ir« A .

S t m e J a n . 1,

M OOD $ 1 ,4 8 9,174
1 4 1 .4 0 0
2 ,2 4 8 .1 1 9
4 2 4 ,0 3 5
8 8 5.356
2 ,0 6 0
5 7 7 ,722
18,216
1 5 ,tb i
2 6 0 ,5 7 5
4 ,1 0 2
5 1 ,6 5 5
* 5 9 4 ,4 1 4
3 2 ,1 7 0
6 3 .3 1 0

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

Week.

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

2 ,3 5 0
3 ,5 9 4

§52 2 ,9 9 0 ! 1 1 3 ,2 0 2 .8 7 1
9 fh5l».9u5
7 0 0 ,2 8 7
€ 9 iM 2
8 ,8 7 4 ,8 6 5

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

$ 5 1 3,522
1 ,7 2 4 .4 3 8
5 0 2 ,244

460
9 7 ,8 3 0

§124
3*JO

Of t h e above import* for the week in 1894 $4,783 w e r e
American gold coin and $474 American silver coin. Of t h e
e x p o rt* d u r in g th e n a m e
com .

t u n e $ 4 ,8 j J , 0 0 0 w e r e A m e r i c a n g o l d

F o r e ig n T r a d e o r N « w Y o r k —Mo n t h l y S t a t e m e n t . — I n

addition to tba preceding table*, made up from weekly
returns, wo give the following figures for th e full months,
also Issued by our New York Custom House, The first state­
m ent coven the total imoort* of merchandise.
IMPORT* INTO VBW TO RE,

rw ,

P2.

[ Omrrtil
U w k ia ! •

•
AagwsL...... ;
September..
Oestohet__
tm t..
lleeettttwar,,
Sw&exu&f
Weterongf...
Umenh. . . . . .
A p r i l . .. __

$

KM.
1

0J@4,!88i 27,418.045
wj¥HA<u. Sa,O07,74O.
5,75»6t &JI , Z7.W&/SH $$,t m t&m
*M f A m
m j m tt m
a» ^ i$.?m
m .sm .im - 3-5,970^5
t £ m jw \
A644.esal
?7 7“f , 7m i r t

13.570,715
$7,w8M09.

Dry
Gkmts.

S
12,304,197
13,179,931
11,342,126
10,339,857
9,951,436
10,571,142
15,291,903
12.439,460
12,805,884
9,717,453

75,794,840 117,943,394

Bid. A sk.
125

ioo'‘

260
105
55

112

171*
12 9 b
1*35
1F0
117^

N. V. and Brooklyn Gas Securities—Brokers’ Quotations.
GAS COM i

»S."Rs.

Bid. i A sk.

C ttlx o e .1 tB ro o k lv n ) . . . . .

J.T-OX C ity A H o o k e n ..

.........

B o n d ,, 8a ___________

00

1*0 . . .. i Fulton M unicipal..............

....... ItOS

M i.l.i.c ,N. Y......................i;,o

Bitl.
Bid.

GAS C O M P A N IE S .

Brooklyn G as-L ig h t......... 108 'ix o - M etropolitan (B rooklyn).
central . ................. ......... 10J ............. Williamsburg

104

B o n d s, U a .......................... 105

........

E q u itab le — . . . ------------- 185
B onds, 0 s............................ 100

N a .ia ti ( B r o o k ly n ) ....................... 'ISO

S. np............................... ! ........ 100 ' S ta n d a rd p r o f . . . . . . . ......... 76

P o o p lo A iitro o k ly a ).

... 1 . . . . . i TO

. Common............................

Ask.
Aak.
HO
145
__^
138
188
78
31

Anctiom Sales.—Among other securities the following, not
regularly dealt in a t the Board, were recently sold a t auction ;
By Messrs. R. V. H arnett & Co,:
2
2
2
4
2
3
2
3
2

2
4
2
2
2
4
2
2
1
4

Shares.
Shares.
2 F i r s t N a tlo u a l B a n k o f
W a s h in g to n L ife In * . C o .181
S ta te n I , l a u d .....................117
Look Is t’d B ’k of B 'k lv u .l 1 1
2 G lobe F ir e Tug. C o............ 7 5
C om m on w e a lth to*. C o. 7 0
1 T e x a s L a n d S y n d ic a te
F id e lity A C a s u a lty C o ..3 3 5
No. 2, * 1 0 ............... . . S 3 a sh.
G old A S to c k M e g , C o.. 10 7 >a
4 C o n tin e n ta l In s . t o ..........261
N a t. B 'k o f th e R ejn lb llo . 181
3 Am W a lth a m W atch Co. 145
N. Y. M u tu a l G a s L. Go. . 181
■4 K n ic k e rb o c k e r le e C o ... 71
U n io n T r u s t Co______ . . . 7 1 0
7 0 0 R. T. P a lm e r C o ...2 0 0 <fc 3 0 1
C o n tin e n t* ! N a t. B a n k 1 32
100 Nyacfc Klec.-L. & P o w e r
B r o o k l y n T r o u t C-O........... 4 3 2
CO.. * 1 0 e a c h ........ *3 10 a s h .
W a s h in g to n & G e o rg e ­
2 0 R eal E i t a t o E t o h a u g o <5s
to w n HR. C o................ . ..5 3 0
A u c tio n R oom , L im ite d
P e m u ty lv . H it. C o .. .. 4 82 a ?h.
( t o sh. w ith p riv ile g e ).. 7 6 >a
B ro a d w a y tn». Co ......133
2 5 J o r d a n E lec.-L . & P o w e r
P it ts b u r g M c K e e sp o rt A
C o .o f J o r d a n , N. Y .s -10 f o r l o t
Y o n g b io g h e n y R R .........12 >
5 0 0 B rid g e p o rt L a u d & louF a r m e r ,' L o a n A r r , Co 755
p ro v e m e n tC o ....* 2 0 L f o r l o t
C e n tra l T r u s t C o ........ .,1 0 0 5
5 0 A n tc rle a n E x . N *t, B ’k . .150**
F r a n k lin T r u s t f 'o ............2 4 5
1 5 0 0 H o ffm an H o u s e ooraB ro o k ly n C ity R R , C o. ..1 4 0
m o n s t o c k . ..............* 5 5 fo r l o t
W a rre n R R . C o _____. . . , 1 6 8
* 75 S c rip A u to m a tlo F ire
E a g le F L e <V> .................. ,2 1 6
A la rm & E x t in g u is h e r Co $ 2 3
T a n it* Co., S tr o u d s b u r g ,
P a ................. ...........* 1 0 1 f o r l o t

By Messrs. Adrian H, Muller & Son :
Shares.

I

2 S . Y. L ife f os. A T r. C o ..031
7 0 0 P la tte V alley L iv e S to c k
C o...... ................................... *5 lo t
1 B’k o f N ew Y ork. N B. A .219
1 U n ite d f l u t e s T r u s t C o ..6 3 0
15 C e n tra l N a t. B a n k ..........1 2 2 4 *
10 B 'k o f N ew A m s te r d a m ..1 6 0
5 G e rm a n E x c h a n g e B a n k . 400
5 0 S ta n d a r d G us-L. Co. p re f. 76

Shares.
12 G a lla tin N a t. B a n k ............3 1 3
7 0 P a n a m a U R . C o................ A d 's
1!) Coo. F ire W orks Co. com . 13
22 C on. F ire W orks Co. p re f. 2 1
0 to B’k ly n C ity R R . C o. 1 7 0 -1 70>s
| 2 0 G r le u ta l B a u k . ............... 2 3 2
* 1 .0 0 0 N o rth e rn C e n tra l R y .
| of B a ltim o re 2 d g e n . 6s,
I 1020, JJeJ.....................................1 1 2 1*
i

(

jgauhtus attft fftimuctal.

w m m
Month.

10,220,988
S.188,589
7,964,781
7,537,621
6,314,546
5,046,395
8,315,655
7,424.174
7,448,490
0,733,598

D. D. E. B. <fe B a t’y —S tk 120
A tlan. A r e , B 'k lr n —
1st, gold, 5s, 1932..J& D 105
Con. 5a, g „ 1 9 3 1 ...A & 0 . . . . .
93
f S c rip .......................... .
Gen. M. 5s, 1909...A& O 100
Inapt. 5.% g.. 1934.-.J*feJ . . . 96i« [E ighth A venue—S to c k .. .. 240
Bleek. S t & FuL P .—S tk . . . . . 30 i Scrip, 6s, 1914................. 100
42d Gr. St. F e r.—Stock 285
1s t morr., 7», 1900. J<£J 193
42d SL& M a n .* S t.N .A v. 50
B’w ay & 7th A v e .—S to ck . 135
1st m ort., 5s, 1904. J& D 105
1st mort.. 6s, 1910..M&S 110
2d m o r t, 5s, 19I4..J..C J IDS
2d m o rt income 6 s .J & J 55
;H. W. St. & P, F er.—S tk . 200
B ’w ay 1st, 5s, guar. 1924 105
1st m ort., 7s, 1894.. J &J
2d 5s, tut. as re n t’! .1905 100
Long Isla n d T ra c tio n ...... i 18N
Consol 5*. 1943....JtfcJ 1083®
M etropolitan T ra c tio n — 118
F ’-ooklyn C ity—N ew stk . 173 175
N inth A v en u e..................... 13S
Consol. 5«, 1941 ..J & J n o ‘i i 2
B'kSya C rosst’n 5 s. 1908 105 I .... Second A venue—S to e k ... 130
1st mort., 53,1909. M&N 102
Brooklyn T ractio n . — . 16
18
S ix th A v en u e—S to c k ---- - 195
C e n ra
t . -t -C, -ross
. - . .tow
- .......n—S tk
.....- HO
1st mort-, 6«. 1922.M&N 115 120 | iTliiitt A v e n u e ................. . 176
1 st m ort., 5a, 1937..J<fcJ 116
Cen. Pk. N ..t E .lt ir .-S tk . 145 j.........
T w enty-T hird S t.—S to ck . 290
Consol. 7a, 1 9 0 2 ....J
C b rtsfp ’r A lOLhSL—Stk. 135 il40
U t m ort.. 1898 . . . . A<tO 105

2

Since J a n . JL

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

W e*t in d ie s .................

T o ta l 1 3 9 4 . ..........
T o t*1 1 8 9 3 . . . . . . .
T o ta l 1 8 » 2 . . „ . . .

Week.

*4,658
19,813
1,309
129,035
104,755
2 2 7 ,8 1 0
2 6 ,103

S o u th A m e ric a ............
A il e t h e r c e o a tr ie * ..

Total

1892-93.

City R a ilro ad S ecu rities—Brokers’ Quotations.

4

im p o r ts .

S U te r,
S in c e J a n . 1,

J u l y . . . . . . .. .
A ugust........ .
Septem ber...
O ctober.......
N o v e m b er...
D ecem ber...
J a n u a r y .....
F e b ru a ry .....
March...........
A pril..............

1893-91.

: B id .! Ask.

1893.

Total IS w eek*. * 1 9 6 ,1 0 0 ,8 3 3 1 * 2 0 3 ,3 8 4 ,3 3 1 5 2 4 3 ,2 1 5 .3 4 4 '* 1 5 6 ,6 5 1 .8 3 5
The imports of dry goods for one week later will oe found
i n our report of the dry goods trade.
The following is a statem ent of the ex p o rts (exclusive of
gpecie) from the port of New York to foreign porta for the
w e e k ending May 8 and from Jan u ary 1 to date :

F o r the weak. .
F r e t , reported.

A t New YorTi.

3892-93.

t
$
32,651,140 28,263,673
July ................
A ugust............. 35,045,433 30,781,807
S e p te m b e r.. . . . . 32,998,412 26,911,052
October............... 31,126,356 31,338,003
N ovember.......... 31,472,483 33,478,750
December......... . 31.208,080 32,928,158
J a n u a r y ............ 80,037,691 24,801,884
February.—. .. . 27,394.451 *22,709.858
March ... .......... 31,301,980 27,902,594
27,990,338 25,705,137;
April.......... .
T otal ... . .. . 3 11.226.864 284,940.894

POKEIGN IMPORTS AT SEW YORK.
For Week.

CUSTOMS RECEIPTS.

Total Merchandise.

Ghmermt
Mtrchjtndiat.

Total.

1
4
•
IO.»M7,403 20,270.8^ 39,018.203
45.0*>8.84O
w , m & n 30,958,702 41.586,303
m j n * j m 44.087.626
§ Ji2 ,t5 0 34.800,044 43.U3.ia8
11.197.286 31,5^1,016 42,483,303
33.477,843 61.847.93i
14.00AS7S 31^850,453 *5.852,728
44.437.028 57;J55,.«0*
10,214.034 m .r u fi-.s 4 7 ,m » 0 7
)H7,f'91.9Sn 480798 124
: n z . 4. m

S amuel D. D avis & Co.,
BANK ERS,
NO

4 0 W A L L S T ., N E W

S amuel D. D avis .

YORK.

C has. B. V an N ostrand.

S pencer T rask & Co.,
10 W ALL STREET,
O ih K L h ...
NEW Y O K E ,
S ta te and J a m e s S treetn , A lb a n y .
Bond* and Stock* Bought and Said on Commission. Dealer* In State, City and
Railroad Bonds. Oogre PJodeaCVInrlted.

804

THE CHRONICLE.
^Q

m x lz z x s 7 (g a z e tte .
D I V I D E N D S .

N a m e o f C om pany.

P er
Cent.

When
P a ya b le.

B o o k s C losed.
(D a y s in c lu siv e .)

R a ilro a d s .

B e l le v il le & South. Illin o is p r e f.
C le v e la n d & Puts!), guar. (quar.)
B e l . & B ound B rook guar, iquar.)
.N ortn P e n n sy lv a n ia (q uar.)........
e lla n e o u s .

A d a m s E x p r ess (q uar.).................
A m e r ica n E x p r o -s ...........................
B a r n e y A S m ith Car pref.(quar.)
E e h igh ( oal «Sr N a v ig a tio n ........... I
P h il a d elp h ia Ti a c tio n ................... |

4
1%
2
2

2
3
2

21*
4

M ay
June
May
M ay

7 -----------to -------------1 M ay 11 t e J u n e 1
1-*-----------to -------------25 M ay 1 0 to M ay 18

Ju n e
J u ly

1 M ay 12
2 J u n elO
1 M ay 2 0
251 —
3 1 ,May 19

June

May
'May

to
to
to
to
to

June 1
J u ly 2
June 1
----------M ay 31

W A L L ST R E E T . F R ID A V , M A Y 1 1 , 1 8 9 4 -5 P. M .

The Money Market and Financial Situation.—The large
■exports of gold continue to attract attention, and it cannot
be denied that the loss of the precious metal is disappointing,
a t a time when we are importing so Little foreign merchan­
dise. But there is no apprehension similar to that of last
year when the silver crisis was impending. The transfer of
a few millions of gold between Europe and this country, in
•either direction, is a transaction that must occur often, and
Instead of being a danger it is a safeguard, as all the leading
■commercial nations being on a gold basis they can more
readily help each other in time of necessity.
There is little new to report in the various railroad negotia­
tions, and the greatest vitality seems to be shown by the New
"York & New England committee, who now offer to pay off
th e second mortgage bonds in full on the coming reorganiza­
tion; such a cash demonstration as this is comparatively rare
in these times.
The daily sales at the New York Stock Exchange are near a
minimum, and even the demand for good investment securi­
ties has greatly fallen off. The financial markets are evident­
ly in a waiting attitude, and the great event looked for
Is the final disposition of the tariff question in Congress. It
is not probable that this will cause an immediate rush of ac­
tiv ity either in mercantile business or at the Stock Exchange,
but it will assuredly unlock the wheels of trade and give our
importers and merchants a basis for future transactions,
■-while now they are compelled to deal only from hand to
m outh on account of the uncertainty. Unfortunately there
•are some persons very well informed in Washington affairs
•who say that the tariff question w ill not be settled before
July.
Railroad earnings for the first week in May do not present
■a favorable exhibit, although a few roads compare well with
the same week of last year. The Ontario & Western has a
■small increase, and the Norfolk & Western and the Rio
(Grande Western are close up to their traffic in 1893. All the
railroads will of course make comparisons that look better
•vsbea we reach the time when earnings began to fall off last

year.
The open market rate for call loans during the week on
(Stock and bond collaterals has been generally 1 per cent, the
aver&ge being only slightly above that figure. To-day
urates on call were 1 per cent. Prime commercial paper quoted
a t 2% to 3% per cent.
ffhe Bank of England weekly statement on Thursday
'showed an increase in bullion of £250,035 and the percentage
<of reserve to liabilities was 64’74, against 63 32 last week; the
■discount rate remains unchanged at 2 per cent. The Bank of
'France shows a decrease of 2,425,000 francs in gold and
'2,300,000 in silver.
The New York City Clearing-House banks in their statement
of May 5 showed ah increase in the reserve held of $600,300
-and a surplus over the required reserve of $82,808,150, against
$83,417,950 the previous week.

C a p ita l...................
S u r p lu s ...............
L o a n s & d isc ’ntB.
■-Circulation___
H e t d e p o s it s .....
(S p e c ie .....................
IL egal te n d er s—
R e s e r v e R eid .......
I lle g a l reset v e ___
.‘S u rp lus reserv e

18 9 4 .
M ay 5.

D iffer en’sfrmyi
P rev. w eek.

1893.
M ay 6.

18 9 2.
M a y 7.

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

$

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

$
6 0 ,3 7 2 ,7 0 0
6 6 ,7 0 4 .4 0 0
493,886,70«»
5 ,7 3 9 ,2 0 0
5 3 1 ,* '2 4 ,0 0 0
1 0 0 ,2 9 5 ,4 0 0
4 7 ,4 6 9 ,1 0 0
1 4 7 ,7 6 4 ,5 0 0
1 3 2 ,9 5 6 ,0 0 0

I n c ’4*259,800
D ec.
4 4 ,3 0 0
I n c .4 ,8 4 0 ,4 0 0
I n c . 6 1 4 ,8 0 0
D ec.
1 4 ,5 0 0
I n c . 6 0 0 ,3 0 0
I n c . 1 /2 1 0 ,1 0 0

8 2 ,8 0 8 .1 5 0 'D e c.

6 0 9 ,8 0 0

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

fVoL. L v m .

Foreign Exchange.—There is a very small supply of bills
offering, and although the demand is moderate it is yet suffi
cient to keep rates firm and to cause exports of gold. The
shipments this week, including to-morrow’s engagements,
amount to $6,000,000.
To-day actual rates of exchange were as follow s: Bankers
sixty days sterling, 4 87%@4 87%; demand, 4 88% @4 88%;
cables, 4 88%@4 89.
Posted rates of leading bankers are as follows :
M ay 11.

S ix ty D ays.

Prim e ban k ers’ sterlin g b ills on L o n d o n ..
Prim e o o m m e r o la l....................................... ._
D ocum entary co m m ercial................................
P aris bankers (fra n cs)................................... .
A m sterdam (guilders) b a n k ers.....................
F rank fort or B rem en(reioiim ark sIb’nk ers

4
4
4
5

D em an d.

88 ® 4 88% 4 89% ® 4 90
86%@4 87
S6% ®4 86%
1678 b 5 16% 5 15% ® 5"l5
40% ® 40a8
-1.'% *0 %
»4S8»9±%
95°si>95%

The following were the rates of domestic excnaago ou ..ew
York at the under-mentioned cities to-day; Savannah, buying
par, selling % premium; Charleston, buying par, selling 1-10
premium; New Orleans, bank $1-50 premium; commer­
cial 75c. premium ; Chicago, 40c, per $1,000 premium ; St.
Louis, 25c.
United States Bonds.—Quotations are as follows:

2 s............................. rev.
4s, 1 9 0 7 .................reg.
4s, 1 9 0 7 ............. coup.
5s, 1 9 0 4 ................r eg .
5s, 1904........... .co u p .
6a. our’c y / 9 5 ___ reg.
6s, our’oy,’9 6 -----rev.
6e, our’c.y,’9 7 ___rev.
6s, oar’c y ,’9 8 ___ reg.
6e, o a r ’oy,’9 9 ___ reg.

In te re st
P e rio d s

M ay

M ay
7.

M ay

Q.-Mch.
Q .-Jan .
Q .-Jan .
Q .- Feb.
O. - Feb.
J . & J.
J . & J.
J . & J.
J . & J.
J. & J.

* 96
m 3 1*
‘ 113%
H IS
118
H 03
*106
*108
*110
*113

* 96
H 1 3 1*
*1133*
*118
118
*103
*106
HOB
*110
*113

* 96
*113%
*113%
*117%
*117%
*103
*106
*108
*110
*113

M ay
9.

M ay
10.

* 96 * 96
*113% *113%
* 1 1 3 ^ 114
*117-% *117%
H l 7 % ‘ 117%
*103
'103
*106 *106
*108 *108
*110 *110
*113 *1 '3
‘T h isIs tn e orioe bid a t th e m o r n in g b o a r d : n o s a le w a s m ade.

M ay
11.
*96
H I S 1*
* 113%
* U 75a
*117^
*103
*106
*108
*110
*113

Coins.—Following are current quotations in gold for coins:
S overeign s.............$ 4
N ap oleon s............. 3
X X R eicbm arks 4
25 P e s e ta s ............ 4
Span. D o u b loon s.15
M ex. D ou b loon s. 15
F in e gold bars___

87
88
75
80
60
60
par

® $ 4 90
® 3 95
® 4 85
® 4 90
® 1 5 80
® 15 80
®% prem.

F in e s ilv e r b a r s .. — 6 2 78fl> — 63%
F iv e f r a n o s ........... — 9 0 ® — 95
M e x i c a n d o l l a r s . . — 5 1 %® — 5 2 %

D o u u com ’c i a l . . ------ ® — —
P er u v ia n s o l s ___— 51 ® — 52
E n g lis h s ilv e r ___ 4 8 0 ® 4 9 0
U .8. trad e d o lla rs — 55 ® — 65

United States Sub-Treasury.—The following table shows
receipts and payments at the Sub-Treasury.
D ate.

R ec e ip ts.

P a y m e n ts .

5
7
8
9
10
11

$
3 ,9 4 1 ,1 4 3
1 ,8 7 5 ,0 8 7
2 ,1 0 7 ,9 7 3
2,02< ,889
3 ,9 1 4 ,1 5 9
2 ,0 6 9 ,8 7 7

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

T otal

15 ,9 2 9 ,1 2 8

1 7 ,2 8 3 ,5 8 9

M ay
“
“
“
“
“

B a la n ces.
C oin.
$
9 9 ,8 6 8 ,3 4 3
9 8 ,6 9 7 ,6 9 4
9 8 ,7 1 9 ,3 6 7
9 6 ,6 8 8 ,8 6 9
9 7 ,5 5 2 ,6 2 0
9 4 ,6 5 7 ,2 3 7

C oin C ert’s.
$
7 7 8 .1 1 6
5 4 1 ,5 0 6
7 4 1 ,7 7
5 6 2 .1 5 9
8 3 3 ,4 8 9
8 2 0 .1 1 6

C u rren cy.
$
5 1 ,9 8 3 ,1 4 2
5 2 ,1 4 5 ,0 8 8
5 1 ,3 4 7 ,7 5 9
52 ,7 1 ,7 8 3
5 2 ,8 3 5 ,6 1 7
5 4 ,7 9 7 ,1 1 4

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

State and Railroad Bonds.—State securities have been very
dull, and the saies include $20,000 Va. 6s, def’d trust receipts,
stpd., at 8-8%; $5,000 Ya. 2-3s of 1991 at 60; $16,000 S. C. 4%s
at 100-101; $12,000 Tenn. settlt. 3s at 79-79%; $10,000 N. Oar.
con. 4s at 101.
Railroad bonds have been very dull, with prices drooping
or else barely sustained on the small demand. The Reading
bonds have picked up a trifle from the lowest prices touched,
Atchisons are rather below last week’s figures and Northern
Pacifies sell at the lowest points made in the late de­
cline. There has been no activity in particular issues of
bonds as there usually is, and the lack of demand is well
shown by this inactivity. A small exception to this was in
the Mobile & Ohio general 4s to-day, of which $66,000 sold at
60%-61-60%. The great bituminous coal strike is injuring the
traffic of many railroads for the time being, and there is great
hope that a settlement may be effected at the conference on
the 15th.
Railroad and Miscellaneous Stocks.—The stock market
has been dull and devoid of interest. The break in Sugar
came as predicted, and the stock sold back to 103%, closing
to-day at 106%. There are many now who expect to see the
whole tariff bill defeated, in which case sugar would stand
as under the McKinley law, and the bounty to producers
would yet remain. Long Island Traction on the unlisted is
selling at 16%; Lead closes at 39%, against 41 last week, and
Tobacco at 86, against 86%. Chicago Gas has been stronger,
closing at 65%, since the quo warranto case has oeen sent to the
U S. Circuit Court. The leading Western railroad stocks are
dull and prices little changed from last week, there being no
particular improvement in gross earnings ; Northwest com­
mon is strong at 108%. General Electric has again been weak
on selling for the bear account, as reported, although the
rumor of selling by a Boston party was circulated; the stock
closes at 35%, against 38% last week. Western Union Tele­
graph holds its own very fairly in the dulness and is traded
in pretty steadily around 85.

Mat IS, 1864.]

THE CHK0N1CLE.

805 !

NJ3W S0 RK STOCK EXCHANGE—ACTIVE STOCKS for week ending MAY 11 , and since JAM. 1 , IS 94 .
H IG H E S T A N D L O W E S T P R IC E S .
S a tu rd a y ,
M ay 5.

M o n d av ,
M a r 7.

TTuueessd
d aay
y,
M ay 8.

W e d n e sd a y ,! T h u rs d a y ,
M
' ' ay 9.
M ay 10.

F rid a y ,
M ay 11.

STO CK S.

S a le s of
tie
W eek,
Shares.

R ange fo r y e ar 1 8 9 4
L o w e st.

H ig h est.

r t- f el S <6« r t e<6 * t~ « 6 6 M O <0ri « '®

A c tiv e R R . S to c k s .
12% 12% 12% 12% 12%A tc h iso n T o p e k a & S a n ta F e . 15,325 9% J a n . 2 1 6 M ar. 1 4
12 % 12 % 11 % 12 % , 12
1239 12%
^ J an. 2
1%
*1%
1%
'1 %
1% .A tlantic A P a e iito .......................
*1%
1%' *1%
• 1%
1% .
1 % M ar. 2 8
* 1%
1%
8 20 67 J a n . 2 81% A p r. 6
.......... 7 6
.......... 7 6
B altim o re A O h io .......................
75
75
*7*
76
*76 k 7 7 i 7 5 * 77
10 67 F eb. 27 73% J a n . 1 8
66
66 C a n a d ia n P a e iflo ........................
'6 6
67% *06% 67% •06% 67% *06% 6 7 *
•66% 63
520 4 7 J a n . 3 52% M ar. 3 1
5 0% 50%
51
51
50% 51% C a n a d a S o u th e r n ........ .............
50% SC%; 5 0 % 51
3,329 108% M ay 9 117% M ar. 8
106% 106% *103 109
109 109 C e n tra l o t N e w J e r s e y .............
1 0 9 k 10S%| 1 0 8 * 108*1 1 0 3 * 109
4
.1
8 0 16% J a n . 2 20 % A p r. 7
18
18%
18
13
18
18*
18% 18% C h esa p ea k e & 0 . , r o t . tr . c e rt,
1S% 13%
18% 18%
22 9 130 F eb. 12 140 M ar. 2 7
138 138 C hicago <fe A l t o n .........................
*110 1*2 ■uo 1*2 : 1*1% 1*1% 1 4 1 % 1*1% •1 3 8 141
40,311
73% J a n . 3 S4% M ar. 2 1
78% 79%
7 3 % 79
78% 78% C hicago B u rlin g to n & Q uincy
7 3 * 79 hi 7 8 * 79%; 7 8% 79%
C hicago & E a s te r n I ll in o is ...
5 5 Feh, 2 7 5 5 F e b . 2 7
Do
p re f.
93% J a n . 6 9 7 J a n . 18
6 1 * 62*4: si
6i*; 0 0% 6 1 % ’ 6 0 * 61% , 6 0 * 61% 60% 61% C hicago M ilw au k e e A 8 t. P a u l S7.360 54% J a n . 3 65% A p r. 6
32 6 116 J a n . 2 123% M ar. 1 3
Do
p re f
120%120%! 119% 119% : ■119 120 ' 119 120% i 1 18% 119 118% 118%
6,057 9 7 J a n . 3 110% A p r. 7
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A m e ric a n C o tto n O il C o . . . . . .
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♦10
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12 C olorado C oal A Iro n D e v e l.................... 10 J a n . 22 1 3 % A p r.
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23% 2 5
23 % 24
45% M ar.
m
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33 % 36% G e n e ra l E le c tric C o ................... 7 1 ,9 2 0 30% J a n .
35
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L ead C o .......
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17
17
17 T e n n e s s e e C oal A i r o n . . . . —
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.................... j
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4
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A
pr.
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6
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P i84% 8 5 W este rn
U nio n T e le g r a p h ___15,281 ft«% J a n . 3 87% M ar.

These are bid and *eke-i: no sale made.

|Old oertlfica

t 2d assessment paid,

806

THE CHRONICLE, s

[VOL. LVIU.

NEW YORK STOCK EXCHANGE PRICES (Continued)—INACTIVE STOCKS.
R a n g e ( t a l e s ) i n 1894.

3la y 11.

I n a c t iv e S t o c k s

IFIndicates unlisted.

Bid.

L ow est,

Ask.

176
135

Apr.
Mar.

17 “
24%
61
52
17
154%
7%
14
8
19
16%
45

Feb.
Apr.
Apr.
Apr.
Mar.
May
Apr.
Jan.
Apr.
Apr.
Apr.
Mar.

Toledo Peoria & W estern........... 100
Toledo St. L. & Kansas City IT.........
Virginia Midland........................... 100

3

1

1 8 t4 .

L ow est.

H ighest.

15
2

Apr.
Mar.

17
2

150

Jan.

Apr.
Mar

M is c e lla n e o u s S to c k s.
Adams Express.............................. 100
American Bank Note Co IF................
American Express........................ 100
Amer. Telegraph <fe Cable...........100
Brunswick Company................... 100
Chic. Juno. R y. & Stock Y ards. 100
Preferred....................................... 100
Citizens’ Gas of Brooklyn......... 100
Colorado Fuel & Iron, pref........ 100
Columbus & Hocking C o al.........100
Commercial Cable......................... 100
Consol. Coal of M aryland.......... 100
Edison Electric Illuminating.. .1 0 0
Interior Conduit & Ins. C o .........100
Laclede G as..................................... 100
Preferred.......................................100
Lehigh & Wilkesbarre Coal 1) .
Maryland Coal, p ref..................... 100
Michigan-Peninsular Car C o .-.1 0 0
Preferred....................................... 100
Minnesota Iron.............................. 100
National Linseed Oil Co..............100
National Starch Mfg. Co............. 100
New Central Coal........................... 100
Ontario Silver Mining..................100
Pennsylvania Coal....................... 50
P. Lorillard Co. p re f..................... 100
Postal Telegraph—Cable IF...............
Quicksilver M ining....................... 100
Preferred.......................................100
Texas Pacific Land Trust.......... 100
U . S. Cordage pref.........................100
U. 8. Express..............
100
U. S. Leather preferred 11.................
U. 8. Rubber preferred............... 100
WTells. Fargo E x p r e s s................. 100

3 4 Apr.
8 6 % Jan.
9% Apr.
12% Jan.
22 Apr.
6 Feb.
107

Ask.

Bid.

IF Indicates unlisted.

7 % Mar.

861 j

* No price F riday; latest price this week.

I n a c t iv e S t o c k s .

H ighest.

R a ilr o a d S to c k s.
176 Apr.
180
Albany & Susquehanna.............. 100 170
135 Mar.
Belleville <fc South. 111. pref.......100 131
Boston & N. Y . Air Line p re f.. 100
15i* 17 17 “ Feb.
Brooklyn Elevated 11....................100
20 Jan.
24
Buffalo Rochester & Pittsburg. 100
61 Apr.
62
Preferred.......................................100
50i* Feb.
51
Burl. Cedar Rapids & Nor..........100
l l i * Feb.
14
Central Pacific................................ 100
15
147 Jan.
Cleveland & Pittsburg................ 50 151
6*4 *7i« 5i* Jan.
Dee Moines & Fort Dodge......... 100
24
14 Jau.
Preferred..............................
100
5
6
53* May
Duluth So. Shore & Atlantio U.1 0 0
13i* 15 15 Jan.
Preferred H................................... 100
14
Apr.
15
Flint & Pere Marquette...............100
4 4 i* Apr.
Preferred.......................................100
Georgia Pacific Trust ctfs1F.--.100
4k
5k
4 Jan.
5
Gr. Bay Win. & St. P. tr. reo— 100
6k
Preferred trust rects................ 100
2i* Jan.
Houston & Texas Central..........100
5
* H n.
92
Illinois Central leased lines___ 100
12
Kanawha & Michigan..................100
8
Mar.
8
5
Keokuk «fe Des Moines................. 100
12 Jan.
Preferred.......................................100
13
L . I. Traction.........................................
16% 17*4 163s May
5 Feb.
Louisv. Evansv. <fe St. L . C ons.100
Preferred.......................................100
100
Mahoning Coal............................... 50
107 Mar.
Preferred...................................... 50 105
Mexican N a tio n a l.......................100
148 “ Jan.
Morris & E sse x.............................. 50
1 1 0 % Jan.
N . Y . Lack. & W estern................ 100
51 Jan.
Norfolk & Southern.......................100
55
4
41* Feb.
Peoria & Eastern........................... 100
149 Jan.
Pitts. Ft. Wayne & Chicago— 100 J154
26 Jan.
26
Pitts. & Western p f...................... 50
1721* Feb.
Rensselaer & Saratoga................ 100 178
llli* 110 Jan.
Rome W at.& Ogdensburgh___ 100 110
30i* 33i* 2 0 Jan.
Bt. Louis Alton <teTer. H a u te ...100
150 Mar.
Preferred...................................... 100 152

( \ Indicates actual sales.)
May n .
R a n g e ( s a le s ) i n

Mar.

157 "M a y
113% Mar.
5 9 % Apr.
5% Feb.
154 May
2 9 % Apr.
180 Apr.
112 Jan.
35 Apr.
1 5 1 % Mar

:i 5 2
49
U 14
89
4k

52

67%
7
125
30%
;i o 3 %
’ 55%
t 17
68
22
50

72
8

.50
4%
140
28
93
36
15
59
22%

Jan.
7 0 Apr.
Jan.
934 Apr
Mar. 145 Mar
Jan.
30 Jan.
Feb. 104 Apr
Apr.
5 5 % May
Jan.
18% Apr.
Jan.
73 Apr
May
2 2 % May

55
45
16
8
6%
7%
275
106

Mar. 5 9 %
Feb.
52
Feb.
25
Apr.
11
Jan.
8%
Jan.
11
Jan. 3 1 0
Feb. 106

Feb
Mar
Jan.
Mar.
Mar
Apr.
Apr.
Feb.

1%
15
7%
40
48
65
80
122

Jan.
Feb.
Jan.
May
Jan.
May
Jan.
Jan.

3
17 %
10%
40
57
68 %
91%
128

Feb.
Mar.
Apr.
M ay
Jam
Ape
Apr.
Jan.

Bid.

Ask.

72
25
60
52
21
10%
9

66
3
18
10%

63
2
15
9

40
53

:
:

Jan. 116 “
Feb.
90
Mar.
5
Apr.
97 %

£4.

20
9
8
8*
300

62%
: 90k
:i 2 7

154% Jan-

109%
90
85
4
5k
96

65

Apr.
Jau.
Mar
Apr

t Actual sales.

NEW YORK STOCK EXCHANGE PRICES.—STATE BONDS M A T I I .
SECURITIES.

Bid.

Alabama—Class A , 4 to 5 .........1906
Class B, 5 s ................................ 1906
Class C, 4 s .................................. 1906
Currency funding 4 s .............. 1920
Arkansas—6s, fund,Hoi. 1 8 99-1900
do. Non-Holford
7s, Arkansas Central R R ..............
Louisiana—'7s, cons....................1 914
New conols. 4 s......................... 1914
Missouri—Fund................1894-1895

99
103
92

so

97
97
10

no
95%
100

97

2k
150
2

SECUR ITIES.

Ask.

12

New York City Bank Statem ent for the week ending
May 5, 1894, is as follows.
We om it two ciphers (00) in
all cases.
BANKS.
(00s omitted.)

C a p ita l S u r p l u s

Bank of New York.
Manhattan Co..........
Merchants’...............
Mechanics’...............
America.....................
Phenix........................
City.............................
Tradesmen’s.............
Chemical....................
Merchants’ Exch’ge
Gallatin National...
Batchers’* Drov’rs’
Mechanics’ & Trad’s
Greenwich................
Leather Manufac’rs
Seventh National...
State of New York.
American Exch’ge..
Commerce.................
Broadway.................
Mercantile................
Pacific........................
Republic....................
Chatham...................
People’s.....................
North America........
Hanover.............
Irving.......................
Citizens’....................
Nassau.......................
Market * F ulton...
Shoe & Leather.......
Corn Exchange.......
Continental..............
Oriental....... .............
Importers’ & Trad’s
Park...........................
East River...............
Fourth National—
Central National___
Second National___
Ninth National.......
First National....... .
Third National____
N .Y . Nat. Exchange
Bowery......................
New York County..
German-America..
Chase National........
Fifth Avenue...........
German Exchange..
Germania..................
United States..........
Lincoln......................
Garfield......................
Fifth N ational.......
Bank of the Meirop
West Side..................
Seaboard
.......
Sixth National.........
Western National..
First Nat., Br’kJyn.
Sou'hem National..
Total...................

$

2,000,0
2.050.0
2,000,0
2,u00,0
3.000.
1.000.
1,000,0
750.0
800.0
600,0
1,000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5.000.
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
7CO,0
1,000,0
600,0
600.0
600.0
760.0
1,000,0
1,000,0
1,000,0
300.0
1.500.0
2,000,0
260.0
3.200.0
2,000,0
300.0
750.0
600.0
1,000,0
300.0
250.0
200.0
750.0
600.0
100,0
200,0
200,0
600,0
800,0
200,0
200,0
300.0
200.0
600,0
200,0
2.100.0
800,0
500,0

$

2.017.1
1,872,4
997.9
2.086.2
2,122,1
0
454.2
0
2.773.2
150,6
7.151.2
127.9
1.514.3
269.3
400.5
173.8
636.4
106.6
515.6
2.418.7
0
3.564.0
0
0
1,563,2
1.106.4
470.0
936.1
966.0
314.6
638.9
1.867.6
335.6
414.8
289.5
785.8
258.2
1.181.0
245.9
415.0
5.572.8
8,042,1
135.2
1.931.7
540.0
566.9
369.9
7.270.0
189.4
130.9
535.1
553.1
292.7
1.143.0
1.031.1
630.6
698.9
620.8
609.0
612.0
807.2
715,8
284.7
233.5
333,0
186.2
838,3
675.7

Loans.
%

13.720.0
13.515.0
9.972.5
10.829.0
19.456.4
4.406.0
19.314.5
2.326.4
25.924.0
3.669.8
6.207.4
1.626.9
1.930.0
1.103.4
2.873.8
1.708.2
2.737.8
20.521.0
21.732.4
6.982.4
7.458.9
2.115.2
11,571,7
5.086.4
2.210.3
6.179.6
16.777.4
2.484.0
2.658.3
1.834.4
4.903.2
3.130.0
7.842.4
4.893.3
1.800.0
19.863.0
25.615.3
1.128.3
24.496.0
7.984.0
4.161.0
3.746.8
24,153,9
7.982.4
1.260.7
2.684.0
2.831.4
2.452.9
12.326.4
6.083.8
2,576,3
2.591.6
4.767.7
4.874.5
3.709.5
1.705.9
4.201.1
2.253.0
4.318.0
1.705.0
9.581.5
4.432.0
2.174.1

Bid.

North Carolina— 6s, old........... J&J
Funding act...............................1900
New bonds, J & J ..........1892-1898
Chatham R R .....................................
Special ta x , Class I ........................
Consolidated 4 s ....................... 1910
6 s................................................... 1919
Rhode Island—6s, cou .. 1893-1894
South Carolina—4% s, 2 0 -4 0 .. 1933
6s, non-fund.............................. 1888

S p e cie.
$

L e g a le D e p o s its .
$

2.370.0 3.200.0
2.580.0 3.689.0
1,800,8 2.982.5
1.535.0 3.225.0
1,910,9 4.910.3
993.0
933.0
7.763.4 5.174.0
267,8
402.0
7.307.5 6.204.6
757.2 1.143.5
1.185.5 2.322.0
407.7
170,9
655.0
300.0
204.7
166,7
653.1 1.163.5
222.0
287.3
112.1 1.214.1
3.063.0 6.541.0
3.424.0 12,299,0
783.8
1.004.0
2,075,4 2.067.6
768.1
580.6
2.042.2 3.088.3
1.202.7 1.887.2
636.4
220,2
1.132.0 1.296.3
4.905.6 4.076.1
635.0
728.1
669.4
481.7
722.2
707.4
855.7
632.2
483.0 1.749.0
1.590.8 2.014.0
1.221.8 2.241.0
478.3
230.7
4.621.0 8.828.0
6.428.9 6,175,5
167.8
137.8
4.866.3 2.377.3
1.282.0 4.707.0
086.0 1.502.0
885.9
238.0
3.883.9 4.477.1
1.937.6 1,041.0
320.9
103.0
431.0
677.0
1.063.1
265.8
26.0
617.4
5.057.3 3.325.2
918.0
951,7
647.9
249.5
501.5
4f8J*
686.2
l,42o,8
1.676.7 1.626.3
742.9
1.073.2
261.2
474,8
786.9 1,599,2
377.0
437.0
1.237.0
874.0
264.0
315.0
2.568.8 2.315.4
476.0
1.098.0
696.3
137.9

$

15.230.0
16.883.0
12.939.3
12.111.0
22.304.7
4.919.0
28.327.4
2.365.1
31.977.7
4.767.9
7.194.6
1.784.1
2.410.0
1.124.2
3.384.2
1.955.2
2.873.1
21.492.0
27.438.8
5.910.4
9.249.9
3.253.0
14.490.5
6.720.7
3.242.6
6.148.9
22.841.6
3.058.0
3.309.6
2.731.3
5.096.5
4.823.0
9.918.9
7.816.5
1.900.0
27.263.0
32.887.5
977,7
27.782.6
13.027.0
6.966.0
4.158.4
25.545,5
9.721.5
1.276.4
3.240.0
3.741.3
3.068.5
19.023.0
6.810.1
3,11*0.2
3.317.9
6.269.3
7.115.0
5.168.9
2.130.9
5.946.1
2.613.0
5.798.0
1.624.0
12.160.7
4.888.0
2.001.0

59^922/7 70,690,6 465,162,1 1000821 1273996 678,694,2

SECURITIES.

Ask.

30
10
.1 9 1 4
15
5
Compromise, 3-4-5-68........ ..1 9 1 2
2k
4
New settlement, 6 s ........... ..1 9 1 3
3
5 s ............................................... .1 9 1 3
1 0 0 k 101%
122% 125
3 s .............................................. .1 9 1 3
100
Virginia funded debt, 2-3 s. .1991
100% 101%
....7
6s, deferred t’st rec’ts, stamped.

eo
60
60
_„
70
102
105
101
103
78 % 80
59k 60k
8

8%

New York City, Boston and P hiladelphia Banks:
Ba n k s .
N . Y o r k .*
Apr. 7—
“ 14—
** 2 1 ....
“ 2 8 ....
May 5—
B o sto n .*
Apr. 21___
“ 2 8 ....
May 5___
P l n la .*
Apr. 2 1 ....
“ 2 8 ....
M ay 6 . .. .

C a pital A
S u rp lu s.

L o a n s.

Specie.

$

$

$

130.613.3
130.613.3
130.613.3
130.613.3
130.613.3

450,426,6
456.939.4
459.069.4
460,902,3
465,162,1

Legals. Deposits, t Circ’l’n Clearings.

99.623.0
10t0396
98,920,7
99,467,3
1000821

$

1197992
1216080
1254721
1274141
1273996

$

554,496,9
563.506,4
569.530.1
573,853,8
578.694.2

111449
110423
106733
101598
101155

$

531,975,7
479,080.2
500,168.0

440.892,4

536,567,9

64.642.9 169.488.0 10.733.0 9.389.0 168,600.0 7.685.0 74,641,1
64,642,0 169.861.0 10.685.0 9.290.0 167.662.0 7.469.0 80.718.5
64.642.9 170.490.0 10.466.0 9.171.0 168.254.0 7.324.0 91,019,0
35.810.3 101.316.0
36.810.3 101.274.0
35.810.3 101.947.0

112.234.0 4.838.0
112.974.0 4.825.0
113.791.0 4.820.0

38,9 02,0
39,4 60,0
39,3 93,0

* We o m it tw o ciphers i n all these figures,
de'pb a, the item “ due to other banks.”

65.047.5
58.269,4
61.946,3

t Including for Boston and Phlia

Miscellaneous and U nlisted Bonds.—S to c k Ex. prices,
M iscella n eou s B o n d s.
M isc e lla n e o u s B onds.
Ch, Jun.& s . 1 u».—oui. i.g.,58 *102 b. People’s Gas & C. 1 1st g. 6s.
Co., Chicago— $ 2d g. 6s.
Col. & Hock. Coal * I.—6s, g.
03 a. Pleas. Valley Coal-1 s t g. 6s.
Consol’n Coal—Convert. 6s. *102 b. Procter <fe Gamble—let g. 6s
82 b. Sunday Creek Coal 1st g. 6s..
Cons.Gas Co..Chic.—lstgu.5s
Denv. C. W at.W ks.—tien.g.5*
Western Union Teleg.— i s ..
Wheel.L.E&P.Coal—1st g 5e
U nlisted B onds.
East River Gas 1st g. 5s.........
90 b.
107 %b.
Equitable G. & F.—le t 6s___ * 94 %b.
Vicks. & Merid.let 6s.........
Henderson Bridge—1st g. 6e. 109 %b. Amer. Deb. Co. col. tr. 5s__
Hoboken Land & Imp.—g. 5e
Mich.-Penin. Car 1st 5s, g ___ * 96%a.
Mutual Union Teleg.—6s g .. -115 a.
National StarcliMfg.—1st 6s. + 97 a.
Northwestern Telegraph—7s. *107 b.
Mem. & Charleston—Con. 7 g.l
Peoria Water Co.—6 s, g ........

. i o i “ b.
i i T 'b .
100 b.
n o b.

* 93%b.
5 b.
102 %b.
39 b .
10 b.
90 b-

N o t e —“ 5” indioatee prioe b i d ; “ a ” price ashed. * Latest price this we* k.

Bank Stock List.—Latest prices of bank stocks this week,
B A N E S.

Bid.

A sk.

195
. E x c h ... 160

210

>ad w ay .. 220
tcha’&Dr. 165

250

300

120

180
125

450
um bia__
a m e rc e...
itin e n ta l.
n E x c h ..

155

295

•455 400
4100 4800
4 25
140 150
215

178

121

275

t R iver.. 142
1 W ard...
h A v e .... 2000
.h......... 200

285

it.............. 2500
jtN .,6 .1 . 113 120
i S tr e e t..
LTth.......... 197

BANKS.

Bid

Gallatin........ 296
Garfield......... 400
German Am . 115

Ask.
312

___

Germania....
Greenwich ..
Hanover.......
Hurt. River..
Im .& Trad’s’
Irving..........
Leather Mfs’

325
150
312
150
560
140
205

600
145
230

Manhattan..
Market&Ful
Mechanics’ ..
M’chs’ «fcTrs’
Mercantile..
Merchants’ ..
Mwrch’tsEx.
Metropolis..
ALt. Morris..
i4urray Hill
Nassau..........
York...

185
212
180
160
180
137
110
430
170
......
160
218

190
225
200
165
200
145
125
*66
200
__. . .
ISO
225

325

B AN K S.

Bid. Ask~

N.Y_ Co’nfcy 450
N .Y. Nat. Ex 112
N in th .......... 120
i30
150
225
80
280
271
119

19 th Ward.
N. Ameiioa.
Oriental___
Pacific...
Park........
People’ s —
Phenix...
Produee Ex.
Republic___
Seaboard. . .
Second.........
Seventh ----31ioe& Le’th
St. Nicholas.
Southern...
Stateof N.Y.
Third___

Tradosm’n’s

120

158
172
30J
120
112
152
102

100

State-:- 1.75*

W e ste r n .... n o
w « « t Side 230

125
125
165
250

125
165

125

110
ioo"iilT*

THE CHRONICLE.

Mat 13, 18W.]

S807

BOSTON. PHILADELPHIA AND BALTIMOBE STOCK EXCHANGES:
Active Stock*.
1 I n d ic a te s a n ils tod.

Share Price* — n o t Per Centum P rice*.
S a tu r d a y ,
M ay 5.

M onday,
M ay 7.

12 %
12% 12!* 12
A teh , T . A S. F e (B o sto n ). 100
13,
1%
1%
A tla n tic A P a o .
“
100
.......... 7 8
78
B a ltim o re A O h io ( B a lt,) . 100
129 ........
1 s t p re fe rr e d
“
1 0 0 129
, 113
..........1 1 8
2 d t' re fe rr e d
“
100
16
16%
B a ltim o re Tt& c’n .f P h i l.) . 25
207 % 208
S o s to n * A lb a n y , B o s to n ). 100 ♦203 2 0 9
.......... 190
____ 1 9 0 1 9 0
B o sto n A L o w e ll
"
100
145% 146%
1 0 0 ' i t S 1* 1*7
B o sto n A .Maine
12% 12%
100 *12 >9------C e n tra l o f M aas.
*47 . . .
. P re fe rre d
100 '*8 . . . . .
79
7 9%
7 8% 79%
100
C U ic.8ar.>s Q u in .
6 2% 62%
61
61%
C ine. K B . & 36. P . ( P h U .j.100
C ine. A W. M ick, <B o s to n ).100
•50
Clev-e. * C a n to n
“
100 .......... -50
2
2
P r e f e r r e d .. ..
“
100 ..........
74
74
7 3% 7 4
F itc h b u r g p re f.
“
100
S o d a A B r. T o p . ( P h i l a ) . 50
47
47
P re fe rre d
“
50
3 7% 37=8
L e h ig h V a lle y
'•
50
3 7 % 37%
M a ll e C e n tr a l fB o jto n j.lO O
M e tro p o lita n T rac.i'P A tf) .1 0 0 1 1 9 % 120% 120 121
* 7 % ........
7 \
7%
M e x ic a n C e n t’I f . Boston / . 100
6%
7
0%
6%
K . Y. A 8 . E n g .
••
100
31
35
34
35
P r e f e r r e d .. ..
“
100
N o rth e rn C e n tra l • B a lt.). 50
*4%
4%
4%
4%
N o rth e rn F a e tn e fPAOa. j.1 0 0
P r e fe rre d
*•
100 *17% 18% ‘ 17% 17%
1 76% 1 7 3
O ld C o lo n y ___ (B o tto m ), 100 '.......... 178
4 9% 50
P e n n s y lv a n ia — ( P h ila .) . 50
4 9% 50
F U tta d e l. A E r ie .
«
50 * 2 2 % ..........
8*,« 87,* 8*,*
87ie
P h ila . A B e a d in g
’*
50
P h ila d e lp h ia T ra n . “
50 U 0 = e 111% 111 113
B n m ta it B ra n c h (B o sto n ). 50
18
18
G a lo n P a n tile
“
100
18% 18%
O tille d C o s.of N .J. (P h ila .) 100 '2 3 0 230% 2 3 0 % 230%
1%
1%
W e s te r n s . Y .A P a/ P hila. >. 100
* 1%
2%
H i t M l I a n w a i s to c k *
105%
107%
A n i.S a g 'rB e a .n .t (B o sto n )__
1 05% 109%
0 0% 9 0%
P r e f e r r e d ,. ___
«
97
07
18 0 190
B eil T e le p h o n e ..
1 0 0 180 1 8 9
2 5% 25%
28
26
B o at A M o n ta n a
25
9%
9%
9%
9%
B w te & B o a to n ..
25
■235 2 9 0
C alu m e t A H e e l*
“
25 2 8 5 2 3 5
-7 0
75
C a n to n C o............ ( B o lt.) . 100
65% 65%
C o n so lid a te d G a s
“
100
65%
€5%
46
40
E rse T e le p h o n e .’ B o so m ). 100 *5% 4 0
37% 33%:
G e n e r a l E le c tric .. “
10o |
38
33%
* ........ 7 0
P r e f e r re d ............
“
1009 . . . . . 72
I a iei s o n S to r e Her. “
50
* 2 3 % .... * 2 3 % ..........
L ehT ht.foaiA .N av. 'P h il.) 501*.......... 51% £ 5 2 % 52%
55% 5 5 %
N .E o g .T e le p h o o e fB 'w i'iu lO O i *55
N o rth A m e ric a n . ( P h il.) . 100 ------ - . . . . . . I
10% 11
W est E n d L a u d .. * B oti n ) ___| ‘ 10% 11%
♦ B id a n d a sk e d priceesl no a a ie w as mail*.

Inactive 8tocks,

T uesday,
M ay 8.

W ednesday,
M ay 9,

11 % 12 %

*1%
..........
129
117%
16%
207%
190
145

17*
78
..........
117%
16*8
207%
190
145%

13

12%
1%

T h u rsd ay ,
M ay 10.

F r id a y ,
M ay 11.

12
12 %
1%
1%
'.......... 73

12% 12%
*1

75
*128
i '3 5 "
1 17% 119
1 15
1 17
16%
16%
16% 17
207% 206% 206% 206%
' ............19 0
190
190
'1 1 5 % .......... 146%
n a % .......... *13
* 12 %
*47 .......... *48
*47
78 % 78%
73% 79
eo % 6 1 %
60% 61%
*20
*15
22
-50 - .......... -50
“ *2"
*..........
2
2
73 % 7 4
74%
74

*129
117
16%
206%
189%

*12% . . .

*47 . . . .
78% 79%
607e 61%
......... '5 0
..........
2
74
74

S a le s
o f th e
W eek,
S h a re s.

1%

76
..........
..........
17
206%
190
147%
13%
50
61
•50
2%
74,

47 % 47=8
47% 47%
37% 37%
37% S7%
37% 37%
37% 37%
*112 1 13
..........1 14
111 % . . .
113 113
1 1 8 119
113% 118% 113% 118% 118% 1 19
7%
7%
7%
7%
7%
7%
7%
7%
7
7
6%
7
6%
7%
6%
7
36
36%
35
30%
34% 35
34% 35
*68
68%
*67% 68%
■4%
4%
*4%
4%
4%
4%
*4% 5
18
18%
17% 17% *17% 17%
13=8 18%
1 75 1 75
175 175% 174% 175
1 7 6 178
49% 49%
49% 49%
49% 49%
49% 5 0
*22
25
*24% 26
8=8 81116
87S3 89,e
8*18 811,6
§?1* x| ’ u
'1 0 8 108%
1.08% :
107% 108% 1 0 9 110
..........
6
‘6
8
17% IS
13
18%
17% 17%
17=8 17%
'2 3 0 231
230 230
2 3 0 % 230% 2 30 2 31
*1%
2
*1%
2
1%
1%
* 1%
2
1 0 4 106% 103% 104%
94% 95
95
95
1 9 0 190% 190 190%
25% 25%
25% 2 6
9%
9%
*9%
9%
*285 290
'2 8 3 2 85
*......... 75
65% 65% ‘*65% *65%
45 %
45
45% *45
35% 36%
36% 38
70
‘ 68
*68% 7 0
23% 23%
23% 23%
51% 52
51
51%
56
56%
56
56
4
4
11
11
* iT * * i i %

104% 107=8 1 05% 107%
95% 95%
95
95%
1 9 0 1 90% 1 9 0 190
26% 26%
10
10
9%
9%
2 8 0 2 83 *2S0 285
*71
74
**85% *06
65% 65%
4*1
*45 .......... 1 ‘ 45
35% 36%l 35% 36%
69
67% 077s! *67
23% 2 1 i 23=a 23%
52
52 | *51% ...
58% 56% *56
56%

inactive stocks.

*11

11% *11

Bid.

11%

R a n g e o f s a le s I n 1 8 9 4 .
H ig h e s t

L ow est

1 2 ,3 2 4
9% J a n .
16% M ar. 29
200 •62% J a n .
1% M a r. 1 4
67 % J a n .
81 A p r. 9
1 25 J a n . 17 129 A p r. 1 9
57 108 J a n . 31 118 A p r. 1 6
9,9 4 5 1 4 F e b . 12 17% A p r. 9
161 200% J a n . 2 2 12 A p r. 3 0
16 182% J a n . 10 190 A p r. 23
123 126 J a n . 15 1 50 A p r. 1 7
18 1 1 J a n . 20 14% M ar. 1 0
4 6 J a n . 3 4 9 M ar. 1 4
73 % J a n .
84% M ar. 2 1
9 ,5 0 0 543a J a n . 3 65=8 A p r. 6
17ia J a n . 23 25% M ar. 13
*50 J a n . 3 •50 J a n . 3
2 F e b . 24
2% J n n . 16
4 09 7 2 J a n . 2 8 1 F e b . 7
29% A pr. 25 3 5 J a n , 1 0
115 47 M ay 7 51% J a n . 10
541 36% J a n . 3 42% M ar. I S
10 101 J a n . 16 1 14 A p r. 5
2 ,9 6 1 x 9 6 % J a n . 6 122 A p r. 1 2
1 ,0 8 5
5 = sJau. 2
9=8 A p r. 3
6 ,3 9 4
6 M ay 4 14% J a n . 2 3
1 ,4 6 1 24% M ar. 20 4 1 J a n . 8
6 7 J a n . 30 68% F e b . 2 3
300
4 J a n . 15
6% M ar. 21
4 2 4 13% J a n . 15 23% M ar. 3 1
171 170% J a n . 2 178 A p r. 3 0
2,5 4 0 4S J a n . 5 52% A p r. 7
2 1 % .Ia n . 20 28% F e b . 1
12,105
8 M ay 3 11=8 M ar. 1 2
9,2 7 4 89% J a n . 5 115% A p r. 1 1
7% M ar. 5
6 A p r. 24
1,210 1 7 F e b . 12 22% M ar. 3 1
14 227% M ar. 21 231 A p r. 11
7 00
1% J a n . 12
2% J a n . 26
4 7 .8 8 5 75% J a n ,
2,327 79 J a n .
2 9 0 1 03 F e b .
1,066 23 F e b .
1,7 3 0
8 F eb.
31 28 0 M ay
06 J a n .
7 6 9 53% J a n .
154 4t2 Feb.
6,5 7 6 30% J a n .
ItJ 56 J a n .
25S 12% J a n ,
271 51 M a r
Feb.
51 49
3% J a n .
IOC
y 7a F e b .
045

24
3
26
15
14
10
18
3
21
3
4
2
8
28
2
9

109%
97%
191%
29
11%
302
74%

Bonds.

.

P rice s o f J fa y l l .
P a A N. Y . C a., non. 5S.1939, AAO
A t , T 6 n . . a ^ M 04Vt ? & 3 9 ,J A .I
A tla n ta A C h a r lo tte 1B ait. 1 . 100
7 2 I 72% P e rk lo m e n , 1 s t s e r ., S s .1 9 1 8 , Q—J
32
32% P h ila. A E rie g e n .M .5 g .,1 9 2 0 , AAO
B u tto n A P ro v id e n c e llto fto n l-lO O
2d 2% -4-. g., ( inee A ..1 9 8 9 , AAO
B u st.in 1.;m te d Cias 1 s t 5 a ..........!
84
84 % G en. m o r e , 4 g .............1920, A A O
OM ttden A A ta a B e p t { i'h u a .i. 5 0
**
50
67% 63
P h ila A R ea d , n e w 4 g „ 19 5 8 , J A J
C .ta w m n a .....................
2 d in e rt. 5 s . . ........... . . . . . . . . . 1 9 3 9 :
l e t p r e f e r r e d ......
**
50
B u rt, A Mo. R iv e r K it, D pt 6 s , J A J 115
115% , 1 s t p re f. In c o m e ,5 g, 19 5 8 , F e b 1
S 4 p r e f e r r e d ............
“
50
.V o n - e ie m p ttia ..___ 1018, J A J 1105% 106
2d p re f. in c o m e , 5 g , 1 9 5 8 , F e b . 1
C e n tr a l O h io ................ ( B a i l ) . 50
P la in 4 » ............................ 1 9 1 0 ,J A J
90
91
3 d p re f. in c o m e , 5 g , 1 9 5 8 ,F e b . 1
C h a ri. Co!. A A u g u s ta
"
100.
2 d , 7 s ............................... 1 9 3 3 , AAO
C h ie. B u r!. A N o r. I e t5 ,1 9 2 6 , AAO U 0 3 ;104
2d rn o rt. 6 e ...................1918. JAI> i u l | ...........
C onsol, tn o r t. 7 s ..........1911, J & 0
C o n n e c tic u t A P a t* , IB o sto n ).1 0 0
i). >...... :r,......... . 1
C o n n e c tic u t R i v e r ...
•*
100
C onsol, m o r t. 6 « ...........1911, J& D
, i- .
:
D a ta w a re A B o u n d B r.lP A iia A .lQ O
X m p ro v e m e n tM .6 g ., 18 9 7 , AAO
F lin t A P e re H a r r j . .. (B oston) A 0 0
Io w a D lv ialo n *»........19 1 9 , A A O ; 9 5 I 0 6
C on. M .,5 g „ « ta m p e d ,1 9 2 2 .MAN
P r e f e r r e d .. . ...................
- UK)
C hic,A W .M ich, g e n . 5«, 1921, J A B
T erm in al 5s, g ------.1 9 4 1 , Q .—F.
B a r . P o rte.M r. J o y A L (P A O ad. SO:
C en eo i. o f V e r m o n t,5 s .l9 1 3 , J A J
P h il. R e a d . A N. E . 4 a ..............1942
K an . C*y F t. 8 .A M e m .( B e rio * ) .100
In c o m e * , s e rie s a . . . . . .......... 1952
C u rre n t R iv e r, 1 st, 5 » .,1 9 2 7 , AAO
P r e f e r re d ..................
" 10*)
In c o m e s , s e r ie s B -----. . . . . . . 1 9 5 2
D e c L a n a -A N o r’n M .7 .,1 9 0 7 , J A I
K . C ity M em. A B irin .
**
100
K a« tern 1 st m o rt 6 g.lSM M LttAS..
P U L W ilm . A B a l t , 4 s . 1917, AAO
67
L ittle M ehuytkill........ IP hU a,). 50
P itts . C. A Bt, I . , 7 s . . . . 1900, FAA
I re * ,K lk . A M . V.,1 st, 64,1938, AAO
M a n c h e s te r A L a w .. (B o sto n ). 100
8 e h u y L R .B .8 id e ,le t5 g .1 0 3 5 , J& D
U n sta m p e d 1st, 6 . .. .. 1 9 8 3 , AAU
M a ry la n d C e n tr a l___
( B a il) 5 0
S te u b e u -A I u d . ,l s t ra .,5 s. 1914, J A J
K .C .C .A 8 p rin g „ ls t,5 g .,l» 2 5 ,A A O I 60
70
U n ite d N . J „ 6 g ..............1 8 9 4 , AAO
71 | K C. P .8 , A M. 0 o n .6 » , 1928, MAN j 8 0
M ine BUB A 8 . H a v e n (P h ila .). 50
N e atiu eh o r.in g Val___
"
50
W a rre n A F r a n k ,,ls t,7 s ,1 8 9 6 ,FAA
55
M rm . A B ir., 1 s t,5 s ,1 9 2 7 ,M AS , 30
.......... | K.C,
N o r tn e r s X. 6 ................(B n tlo n ), 100
K . f . 8 t. J o . A 0 . B,, 7 s . . 1907, J A J 5123
A u!u°tna dAf f i ; S e i s n?07 J f i 9 0 7 , J A J
N o rth P e n n s y lv a n ia , tl'k iia .) . 50: *8*3
! L . B ook A F t. 8,, I s t , 7 s . . 1905, J A J j 85
In c o m e 6 s ........ ............1900, AAO
7% I Lcral«.,Ev ,A H t.L „ lst,6 g . 1926.A AO i 1 0 1
O re g o n S h o rt U n e .. .( B o s t o n ) . 100
7
42 , I 2 m ., 5—6 g ...................1930, A A O j . ...................
P e n n s y lv a n ia A 8 . W . t P h ilo .) 50
B a ltim o re B elt, 1 s t, 5 a. 1 9 9 0 , MAN
3
B a ltim o re A O hio 4 g ., 1935, AAO
H o lla n d ............................(B oston}. 100
5 1 M ar. H . A O u t., da........1925, A A O ,1 0 1
103
P it ts . A C o n n ., 5 g . . . l 9 2 5 , FA A
P r e f e r r e d ........ .
100
70% 7 3 * M ex ic a n C e n t r a l , 4 g . . . 1 9 1 1 ,J A J ; 53% 54%
54
14 * S ta te n Is la n d , 2d , 5 g .1 9 2 6 , JA.T
8 s a b o a rd A R o a n o k e . (B a it.) 100
6 0 | ls te o n s o U n w > m e a ,2 g ,n o n -e u m . j 13
1*1 p r e f e r r e d . . . .................*•
100
8 I B al.A O hlo 8 .W .,lst,4 % g .l9 9 0 , J A J
2 d c o n so l, in c o m e s, 3 s, n on-onm .
113% C a p e F .A Y a 'l.,8 o r.A .,6 g ,1 9 l0 , J& D
W e n E u A — ___ . . . . . j S o t U m ) . 5 0
48% 4 9 j S . Y. A N .E n g ,, 1 s t , 7 s , 1905, J A J P r e f e r re d ........................
“
50
109% ; S eries B ., 6 g . . . . ............1916, J A B
75% 7 6 j 1 st m o rt. B a . . . . . . ......1905, J A J
.51%
101 I S e rie s G , f i g ...................1916, JA D
Wee*. J e r s e y — -------- (P K tia .). 50
2 d m o rt. 6 » ..................1902, FA A
l
u3
C e n t O hio, 4% g .............. 19 3 0 , MAS
14
W eet J e r s e y A A tla o ,
'■
60
21
O g d en . A 1..C., C o n .0 8 .. 1 9 2 0 ,A AOt
I
C h ari. O ol.& A ng. 1 s t 7 s . 1895, J A J
W an a re M ary U * l . .
(B a ll.). 5 0 1
I n c ,6 e ................... —................. 1920
W ilm . OoL A A a g u s ta
"
100 1 0 0
iB u H a n d , 1 s t,6 s ............ 1902.M A N n o
O a. C a r. A N or. 1 s t 5 g .,1 9 3 9 , J A J
100 i 2 d , S s............. ............... 1 8 9 8 ,PAA
W B M n g t'iiA W efetoa
**
IdOs
N o rth , C e n t. 6 s .................. 1900, J A J
100
6 s .........................................1 9 0 4 , J A J
W a eo n * In C e n t r a l .. . (B o sto n ). 100\
7
0%
25 1
P r e f e r re d ........................
** 100! 2U
S e rie s A , 6 s . . . . ..............1926, J A J
4 % » .................................. 1925, AAO
W #W s'et.® a«h.ABrj«h,
“
1 0 o ( 117 1 2 !
A*:
C!*v 1*1 5a, g „ 1919, Ma N
M is c E t ta s g o c s .
P tedm .A C ’u m .,l 8 t , 5 g . 1 9 1 1 , FA A
B e trtd e n s B e l., 1 s t , 6 s . .1 9 0 2 , J A B
A B one* M i n i n g ...__ (B o sto n ). 26
P itts . A C o n n ells. 1 st 7 s . 1899, J A J
*10
-15 ! C ataw : o*a. M .,7 s ......... 19 0 0 , FA A
A tla n tia M in is .-. . . . . .
as:
V irg in ia M id ., 1st* 6 s . . .1 9 0 6 , MAS
8
120
«%f T jie a rtle id A Jeff., 1 s t, 0 » .19 2 7 , J A J
C ity P a s s e n g e r K R —. (B o lt.). 25:
C o n n e c tin g . 6*..........1 9 0 0 -0 4 , MAS ...................... ; 2 d S e rie s, 6 s ......................1911 MAH
B ay
Q am. . - . . .
, 50
i.........* 3 d S e rie s, 6 s ..................1916, 51A8
D el. A U'd B r’k, 1 s t, 7 a .1905, FA A 127
8%
9
■Bkawtoa J L a a 4 . **
4 ; 4%, *EssSuoA Am. letM .,5 * .!920, MAN 109 I..........i 4 th S e rie s, 3 -4 - 5 s „ ...1 9 2 1 , MAH
lu
C e n te n n ia l M i n i n g **
!......... 3 5 th S e rie s, 5 8 ................ 1926, MAS
E lm ir. A W lim .. 1 s t , 6 s . 1910, J A J . U S
it*
2%! 3
W€t% Wiiy&e
**
251 2%
3 % H u n t. A B r’d T o p , C on. 3 s. *95, A AO 100 % 1 W est Va C. A P . 1 St, 6 g .1 9 1 1 , J A J
Wtma&itti M illin g ......
*•
109% ........ !W o n ’t M.G C onsol. 6 g . l 9 1 4 , J A J
8%:
8 % :L e h ig h N av. 4% a.........1 9 1 4 , Q—J
W renefefii' »** S a y I f u*i
**
Cl 2 * 3 : 2dl 0», g o ld ................... 1897, J A D 109% lO t' ii W ilm . Col. A A ug., 6 s . .1 9 1 0 , J A D
I
Btoml . . . . . . .
MISCElA.VNEOCrS.
10*)
49
5 0 i OAncr*! m o rt. 4% I, g ,1 9 2 4 ,Q - F 104 ..........!>
K ta rm rire M m ir i f , . . .
L e h ig h V al.C oal 1st 5 »,g. 1933,J A.t 10 4 *101%**B a ltim o re —a t y B a l l 6 s . 1900,
251 0
7
H ottIs C ria.il ftim r. 4. tP A « a ,).1 0 0
L e h ig h V aliey, 1 st 0 S ...1 8 9 8 , J A B 1 1 0 % ..........' F n n d ln g C a .................... .1 9 0 0 . I
F re fe rre d coat . 10
W e s t M n ry i'a HR- 0 8 - 1 9 0 2 , .1
"
100 iiriiS i'*- [ 2 d 7 s ............................... 1 9 1 0 , MAS 1 3 2 % ..........
0mmlmM m m .* .... (Bos(on). 25; 2*2% 22*%* * C o n so l. 6 ............... .........1923, J A D 123
----- 124 ! W a te r o s ................... ..1 9 1 0 , M AN
Ifr&tMm C a r.
1 6 9 170
W orth P.
1 r t , 7 a . . . . ! 9 9 6 , MAN 105% 106 j F u n d in g 5 s ................... 19 1 6 , MAN
Cfcaiaey M ialp * .
**
‘ $ 5 ’ s»o , 02 ; G en . M. 7 s ...................... 1 9 0 3 , J A J 126 * ................ ! E z o h a o g e 3 % s .............. 1930, J A J
% h " n m r^ k M rniag,**.
**
S&E 1 0 3 165
,P e n n e y ; v a n ia ii« f i.6 s ,r „ 1 9 1 0 , V at 1 3 0 .......... :V irg in ia ( S ta t e ) 3 s ,B e w .l 8 3 3 , J A J
tlliifM
I m fts
05MW**«m»** i 61 I 61%
Gom w i.
■*•*.**m 19 0 3 , V at 118 .......... C h e -a p e a k e tlM , Os------L900, J A D
W alA f P a w i t , . , , H*m*mii.1 0 0 !
1%.......! Co*. .. •*.*), =.....................1919, V s r 1 1 3 % .......... C onsol. G a s , 6 s . . . . . . . . . . 1 9 1 0 , J A D
*
, 5 s ........................
1 9 3 9 , Jo sJ
51%, 51%
C o IU t.T r. 4% g ........... 19.13, J A B
___ iiE nnlsa-nle n a n =»
..- V ” 3 '
**
. 50': 37 1 37% P * . A N T . .• » i* ii.'.s ...l9 0 d ,J A i> 1 2 5 ...............

% tiBiisfad.

4 And accrued intern t.

t Last prtoe Uila week.

sox-rights.

M ay
M ay
A p r.
A p r.
A p r.
Jan.
Feb.
66 % A p r.
47 A p r.
45% M ar.
75 M a r.
2 6 A p r.
55 M ar.
56% M ay
5% M ar.
1 2 % M ar.

4
4
26
5
9
18
21
8
22
8
77
11
9
19
20

B id, A ik .
.......... 111%
102 102=4
75% 75 %
30 % 31 %
20% 2 1
15% I S
117%
126% i*2*7%
104%
99
'*9*9%
101% 102%
32
40
15
i*0*3** 102%
115%
H I
100%
101%
104 i* o * r
117
97
101%
101
112%
95
10 7
69%

118
99
102
101%
115
97%
70%
63

68 %

1 0 1 % 102 %

90
91 %
113 113%
117
113% 114%
10 4
105
9 8 100
11 1 % 111 %
1 14 |1 1 3
114% 115
106
75
98 100
104 105%
103% 103%
116
1 1 1 % 112%
U 2*
1 13
101%
72
109
115%
103%
107

120
102

72%
ii * 6 "
104

THE CHRONICLE.

808

[v o l . L v m ,

NEW YORK STOCK EXCHANGE PRICES (Continued)—ACTIVE BONDS M A Y 11 AND FOR YEAR 1894.
C lo sin g R a n g e (sa le s) i n 1 8 9 4 .
C losing R a n g e (sales) i n 1 8 9 4 .
R a il r o a d a n d M is c e l . B o n d s J In te r 't P ric e
R a il b o a d a k d M ibcf .i .. B o n d s . I TtUer’t P rice
!P e rio d M a y 11.
Low est.
H ig h est.
\p e rio d M a y 11.
L ow est.
H ighest.
A m e r. C o tto n O il, d e b ., 8 g .l9 0 0 Q - F
1 1 2 b. 111 F eb . 1 1 4 A pr. Mo. P a c . (C o n .)—3d , 7 s . . . 1906 M <fc N 107% b. 10 3 J a n . 112 A p r.
P a c . o f M o.—1 st, e x ., 4 g. 1938 p & ± 100% a. 9 5 J an. 100%May
A t.T o p .& S .F .—1 00-y r.,4 g . 1989 J Sc J
7 7 M ar.
73%
67 J a n .
2 d e x te n d e d 5 s ..............1938 j & j 106% b, 9 9 J a n . 106% A p r.
2 d 3-4s, g ., Cl. “ A ” ........... 1 9 8 9 ,aA «•
& yj
O
32^4 3112 J a n . 3 8 ia M ar.
S t.L .& Ir . M t .l s t e x t.,5 s . 1897 p & a 103 b. 100% F e b . 10338 M ay
C o l.M id la n d —C o n s., 4 g . l 9 4 0 |F & A * 3 0 a. 28 F eb .
3 2 ia M ar.
2 d , 7 g ................................ 1897 m A N 10458b, 1 02 J a n . 109 A p r.
A tl. & P a c .—G u a r., 4 g __ 1 9 3 7 1..............
49^a. 4 4 12 F eb . 5 3 14 A pr.
C airo A rk. & T e x a s , 7 g .1 8 9 7 j & d 10338b. 9 7 M ar. 103% A pr.
W . D . in c o m e , 6 s ................1 9 1 0 iJ & J
5*4 a.
212 J a n .
6% M ar.
B ro o k ly n E le v .—1 s t, 6 g . . 1 9 2 4 A «fe O 1 0 0 a. 9 9 12 M av 1 0 7 J a n .
<?®n -R ’y & la n d g r ,5 g .l9 3 1 U & O
77 %b. 7 1 J a n .
81 A pr.
M
obile
& O hio—N ew , 6 g . . 1 9 2 7 j
d
U n io n E le v a te d .—6 g __ 1 9 3 7M' ' ' & ~N
9 3 7e
117%
9 9 % A p r.
0 3 >2 M ay
111% J a n . 117% M ay
G e n e ra l m o rtg a g e , 4 s ___1 9 3 8 m & S
C a n a d a S o u tb e rn .—1 s t 5 s . 1908 J & J 1 1 0 b. 10512 J a n . l l O k A pr.
60% I 5 7 7e J a n .
6 2 A p r.
N
ash.
Ch.
<
fe
St.
L
.—
1
s
t,
78.1913
j
&
j
2 d , 5 s ...................................... 1 9 1 3 M & 8 10414b. 102 J a n . 105% A p r.
1 30 b. 125% J a n . 1 30 M a y
C e n t. G a .-8 . &W. 1 s tc o n .5 s . 1 9 2 9
51 A p r. i C onsol., 5 g .........................1928 a Sc O 1 0 1 % | 9 8 J a n . 102 J a n .
32 J a n .
C e n tr a l o f N. J . —C o n s.,7 s . 1899 Q - J
1 1 2 ia J a n . 1 1 5 F e b . N a t’l S ta rc h M fg.—1 st, 6 s . 1920 M & N r 9 7 a. 88 J a n .
89 F eb.
C o n so l., 7 s ............................1902 M Sc N 1 2 3 a. 121 Feb. 1 2 4 A p r. N .Y . C e n tra l—D eb. e x t . 4 s . 1905 m & N 1 0 2 b. 101% J a n . 104% A j)r.
1 st, c o u p o n , 7 s ................... 1903 j & j 126% b. 123 J a n . 126% A p r.
G e n e r a l m o rtg a g e , 5 g . . .1 9 8 7 J & J 115
llO ia J a n . 116 M ay
D e b en ., 5s, co u p .. 1 8 8 4 .. 1 9 0 4 (m & s 108%
M 10912b. 105 J a n . 111 M ay
L e h .& W. B . ,c o n ., 7 s, a s ’d . 1900 Q—
1 07 J a n . 110 F e b .
N . Y. & H a rle m , 7s, r e g .1 9 0 0 m Sc N 117% b. 11634 J a n . 120% A p r.
“
m o rtg a g e 5 s . 1 9 1 2 M Sc N 1 0 0 a. 1 0 0 F e b . 10318 M ar.
R .W . & O gd., c o n so l., 5 b.1 9 2 2 ; a Sc O 115% b. 11334 J a n . 1 17 M ay
A m . D o c k & Im p ., 5 s ___1921 J & J 1 1 0 b. IO 8 I2 J a n . 1 I l i a M ar.
W est Shore, g u a r., 4 s ___2361 j & j 104% b, 100% J a n . 105% A p r.
C e n tr a l P a c ific .—G o ld , 6 s . 1898 J & J 1 0 7 b. 10314 J a n . 107% A pr.
C hes. & O hio .—M o rt., 6 g .1 9 1 1 A & O
1151a J a n . 119% M ar. N. Y. Chic. & S t. L .—4 g . . . 1 9 3 7 U Sc O 1 0 0 b. 97% J a n . 100% M a r.
1 s t c o n so l., 5 g ........
1931) M & N 1041a lO li* J a n . 10634 A p r. N. Y. E le v a te d —7 s ............. 1906 j & j
l l l % b . 1 0 9 34 J a n . 111% M ay
G e n e r a l 4 % s, g ................... 1 9 9 2 M Sc S 7 4 b. 7 2 J a n .
7 7 ia A pr. N. Y. Lack. & W.—1 st, 6 s. 1921 | j & j 132%
127% J a n . 132% M ay
C o n stru c tio n , 5 s ................1 9 2 3 ip & a 113 b. 110 F e b . 112% J a n .
923g M ay
92
8 4 J an.
R . & A . D iv ., l s t c o n ., 4 g .l 9 8 9 J & J
“
2 d c o n .,4 g .l9 8 9 J & J
8 6 a. 7 8 i8 J a n .
88 M ar. N .Y .L.E.& W .—1 s t,coil.,7g.l92(> M Sc s 135% a. 131% J a n . 1 37 A p r.
2 d consol., 6 g ................... 1 9 6 9 ! j & j>
E liz . L e x .& B ig S a n .- - 5 g .l9 0 2 M & S 9 9 b. 9 6 J a n . lOOia F eb.
7 7 b, 74% J a n .
8 6 M ar.
C liic. B u rl. & Q.—C on., 7 s . 1903 J & J 12214b. 119 J a n . 1 22% A p r.
L o n g D ock, c o nsol., 6s,g. 19351 a Sc O 12 8 b. 1 2 5 A p r. 12 9 M ay
853e 82% J a n . 853s M ay
D e b e n tu r e , 5 s .....................1 9 1 3 M & N
9 8 12b. 9 7 F e b . 1 0 2 A p r. N. Y. O nt. & W.—R ef. 4 s, g. 1992 m & g
C onsol., 1 s t, 5 s, g ..............1939 j & p> 110 % 1 07 J a n . 110% M ay
C o n v e rtib le 5 s ................... 1903 M & 8 103% 101 ia J a n . 105 A p r.
D e n v e r D iv is io n 4 s ..........1 9 2 2 F & A
9 4 b. 9 0 ie F e b .
94 % A p r. N .Y .Sus.& W .—I s t r e f . ,5 s g .l 9 3 7 j & J 1063s 104% J a n . 107% A p r.
M
id la n d o f N. j ., 6s, g . . . l 9 1 0 a & O 117% a. 115% A p r. 117% J a n .
N e b ra s k a E x te n s io n , 4 s . 1 9 2 7 M & N
90ia 8 5 ia J a n . 9 2 ia A p r.
H a n .& S t. J o s .-C o n s ., 6 s. 1911 M & 8 1 1 8 b. I I 514 J a n . 1191a Feb. Norf.<fcW.—1 0 0 -y e a r, 5 s, g .1 9 9 0 j & j
74% A p r.
74% A p r.
M d.& W ash.D iv.—1 s t,5 g.1941 j & J
C hic. & E . 111.—1 st, 8. f .,6 s . 1 9 0 7 J & D 116 %b. 11112 J a n . 1 1 6 78 M ay
8 0 a. 78% A p r.
8 1 A p r.
C o n so l., 6 g ..........................1934 A & O 121 b. 1 1 8 ia J a n . 1 2 2 M ar. No. P acific—1 s t, co u p ., 6 g .1 9 2 1 j & j 10934 105% J a n . 1 14% M ar.
G e n e ra l, 2d , c o u p ., 6 g . . l 9 3 3 A «fe O
99
G e n e r a l c o n so l., 1 s t, 5 s . .1 9 3 7 M & N
9 7 % J a n . 1 0 1 7s A p r.
81 b. 78% J a n .
89 % M ar.
G e n e ra l, 3 d , c o u p ., 6 g . . l 9 3 7 j <fe D
C h ic ag o & E r ie .—l e t ., 5 g .1 9 8 2 M & N
58%
9 7 78a. 9 5 ia J a n . 1 0 0 13 A p r.
52% J a n .
64% A p r.
C onsoi. m o rtg a g e , 5 g” . .1 9 8 9 j & D
In c o m e , 5 s ...........................1982 O c t.
3 2 a. 3 1 ia J a n .
2 8 b. 26% J a n .
3518 A pr.
34% M ar.
Col. t r u s t g o ld n o te s, 6 s . 1898 M & N
& J
C hic. G a s L. & C.—1 s t, 5 g . .1 9 3 7
84% b. 8 2 A p r.
87 J a n .
C hic. & N. P a c ., 1 s t, 5 g .1 9 4 0 A & O t 4 5
Sc J 1 2 8 b. 1 2 6 F e b . 1 3 0 ia A p r.
C hic. M il. & S t. P .—Con. 7 s . 1905
43 J a n .
48% A p r.
S eat. L. 8. & E ., 1 st, g u .6 .1 9 3 1 F & A
& J 1 1 5 b. 1 1 2 J a n . 11512 A p r.
1 s t, S o u th w e s t D iv ., 6 s . . 1909
50
14 0 J a n .
5 5 A p r.
1 1 6 b. 111% J a n . 1 1 7 A p r. No. P a c ific & M o n t.—6 g . . l 9 3 8 M Sc S 3 4
&
l e t , So. M in n . D iv ., 6 s ..1 9 1 0
30% F eb.
38 % M ar.
1 s t, Cli. & P a c .W .D iv .,5 s . 1921
Sc
1 1 0 78b. 1 0 7 J a n . 1113s M ay No. P a c ific T er. Co.—6 g . .. 19381 j & J 10134
95 J a n . 101% M ay
Sc
C hic. & Mo. R iv . D iv ., 5 s. 1 9 2 6
l O lia J a n . 1 0 6 ia M ay 0 1 iio & M is8 .—Con. s . f . , 7 s . l 8 9 8 i j & j j m % b . 106 J an. 111% M ay
W ise. & M in n ., D iv ., 5 g .1 9 2 1 J &
10712b. 104 J a n . 1 0 8 M ar. C onsol., 7 s ...........................1898 J & j
106 J a n . 1 11% A p r.
T e rm in a l. 5 g ...................... 1 9 1 4 J Sc
108 %b. 1 0 6 J a n . 1 0 9 A p r. O hio S o u th e rn —1 s t, 6 g . . . l 9 2 1 j & d
93
92*s F e b .
9 7 M ar.
G e n e r a l m o rtg a g e , 4 g . . . l 9 2 l m Sc N
G en . M ., 4 g., s e rie s A . . . 1 9 8 9 J Sc
42
9 1 b. 9 0 J a n .
42 M ay
91% M ar.
48% J a n .
M il. & N o r.—1 s t, c o n ., 6S.1913 J & D 118 b. 1121s J a n . 118 A p r. O m a h a & S t. L o u is —4 g . . . 1 9 3 7 j Sc J
50
42
Feb.
5 0 A p r.
C hic. & N . W .—C o n so l., 7s. 1915 Q - F
1 4 0 a. 138 J a n . 141 M ar. O re g o n Im p r . C o.—1 st, 6 g .1 9 1 0 j Sc D
92% J a n . 1 03 A p r.
C onsol., 5 g ..........................1 9 3 9 A & O
C o u p o n , g o ld , 7 s ................ 1 9 0 2 J & D 1 2 5 i 2 1 2 1 ia J a n . 1 2 5 12 A p r.
55%
46 Ja n .
60 M ar.
S in k in g f u n d , 6 s ................ 1929 A & O 1 1 5 b. 1 1 6 J a n . 121 A p r. O re. R .& N av.C o.—1 s t, 6 g .1 9 0 9 J Sc J 10.8 a 104% J a n . 108% M ar.
C onsol., 5 g ..........................1925 J & D
S in k in g f u n d , 5 s ................ 1929 A & O 109
70
1 0 7 ia M ay 1 1 2 M ar.
60 Ja n .
4 A p r.
S in k in g fu n d , d e b e n ., 5 s . 1933 M & N 109 b. IO 6I4 J a n . 1 1 2 ia A p r. P e n n s y lv a n ia —4 s , g ........... 1943 M Sc N
2 5 -y e a r d e b e n tu re , 5 s . . . 1909 M & N 10>% a. 1 0 4 J a n . 109 A p r. P e n n . Co.—4% g., c o u p o n . 1921 j & j 113%
106 J a n . 113% M ay
8 2 b. 7 4 J a n .
E x te n s io n , 4 s .....................1 9 2 6 F & A
98 b. 9 7 J a n . 1 0 0 A p r. P e o . D ec. & E v a n s v . 6 g .1 9 2 0 J & J
87% M ay
E v a n s v . D iv is io n , 6 g . . . l 9 2 0 M Sc S
C hic. P e o . & S t. L o u is—5 g .1 9 2 8 M & S r 9 6 a.
8 2 b. 7 4 M ar.
87 M ay
2 d m o rtg a g e , 5 g ............... 1926 M Sc N
2 5 b. 19 J a n .
C h ic .R .I.& P a c .—6 s., c o u p . 1917 J & J 1 2 6 ia 1 2 3 J a n . 1 2 9 A p r.
28 % A p r.
75%
E x te n s io n a n d co l., 5 s ... 1 9 3 4 J Sc J 1033s
67% J a n .
9 7% J a n . 1 0 4 A p r. P h ila . & R e a d .- G e n ., 4 g . l 9 5 8 j j & J
7 8 M ar.
1 s t p re f. in c o m e , 5 g ........1958
3 0 -y e a r d e b e n tu re , 5 s . . . 1921 M & S 93
31
9 2 M ar. 9 5 F e b .
29% M ay
39% M a r2d p re f. in c o m e , 5 g ........ 1958
20% b. 19% J a n .
C hic. S t. P . M. & O.—6 s .... 1 9 3 0 J & D 1 2 7 b. 1191a J a n . 1 2 6 ia A p r.
27 % M ar.
3 d p re f. in c o m e , 5 g ........1958
15 %b. 14% M ay
C le v e la n d & C a n to n .—5 s .. 1 9 1 7 J & J
7 5 b. 7 0 M ar. 8 4 J a n .
21% M ar.
P itts b u r g & W e s te rn —4 g .1 9 1 7 J & J
C. C. C. & I .—C o n so l., 7 g .1 9 1 4 J & D 1 3 3 a.
8 7 b. 8034 M ar. 88 Apr.
G e n e r a l c o n so l., 6 g .........1 9 3 4 J & J 1 2 0 b. 117 J a n . 120 M ar. R ic h . & D a n v .—C on., 6 g . . l 9 1 5 J Sc J 1 1 6 b. 106% J a n . 1 16% M ay
C onsol, 5 g . ......................... 1936 A Sc O t 7 3 %a. t6 5 J a n . t 7 4 A p r.
C .C .C .& S t.L .—P e o .& E .,4 s .l9 4 0 A & O 7 1 b. 7 2 J a n .
8 4% A p r.
In c o m e , 4 s ............................ 1 9 9 0 A p ril.
2 0 a. 15 J a n .
20 A pr. R ic h .& W .P .T e r.-T ru s t, 6 g .l8 9 7 F & A t 5 5 b. t 4 0 J a n . 157% A p r.
C on. 1 s t Sc col. t r u s t , 5 g .1 9 1 4 M <fc S t 2 5 %b. t l 8 J a n . 1 27% A p r.
9 9 b. 95 J a n . 100 M ay
C ol. C oal & I r o n .—6 g ........1 9 0 0 F & A
C ol.H . V al.& T o l.—C o n .,5 g .1 9 3 1 M & S 8 4 b. 82 M av
6678 66% M ay 71 A p r.
91 F e b . R io G r. W e ste rn —1 s t, 4 g .1 9 3 9 J & J
60 b. 6 2 M ar. 69 % A p r.
G e n e ra l, 6 g ..........................1904 J & D
8 7 b. H7 J a n .
9 2 1s F e b . S t. J o . & G r. I s la n d —6 g .,1 9 2 5 M Sc N
D e n v e r & R io G r.—1 st, 7 g .1 9 0 0 M & N I l l i 2 b . 113 M ay 113% M ay S t. L. Sc S a n F r . —6 g., C1.B.1906 M & N 109%
101 J a n . 113 A p r.
6 ., C lass C ..........................1906 M Sc N 1 0 8 7eb. 101 J a n . 1 1 3 A p r.
1 s t c o n so l.. 4 g ....................1936 J & J
76% a. 73 F e b .
79 A p r.
G e n e ra l m o rtg a g e , 6 g . .l 9 3 1 J & J
D e t. B. C ity & A lp e n a —6 g .1 9 1 3 J & J
5 6 a.
95
82 J a n .
9 8 A p r.
D e t. M ac. & M.—L d .g ra n ts . 1911 A k O
23 b. 2 3 J a n .
58
55% J a n .
62% A p r.
27 ia A p r. S t. L. So. W e s t.—1 st, 4 s, g .1 9 8 9 M & N
2d , 4 s, g., i n c o m e ............1989 J & J
D u l. So. Sh. & A tl.—5 g . . .4 9 3 7 J & J 1 0 2 a, 93 F e b . 1 0 2 A p r.
16 b. 10% J a n .
20% A p r.
E . T e n n .V . & G a .—C on., 5 g .l9 5 6 M & N 9 7 b. 8 6 ia J a n . 101 ia A p r. S t.P.M .& M .—D a k .E x ., 6 g .1 9 1 0 M Sc N 117% b. 115% J a n . 121 A p r.
1 s t co n so l., 6 g .................... 1933 J . & J 121% b. 11 5 J a n . 1 22 M a r.
K n o x v ille & O hio, 6 g ___1925 J Sc J 1 0 7 b. 9 6 J a n . 108 M ay
re d u c e d to 4% g. J & J 101 %
F t . W. & D e n v .C ity .—6 g . .l 9 2 1 J & D
75
66 J a n .
97% J a n . 101% A p r.
7 9 78 A p r.
G a l.H .& S a n A n .-M .& P .D .lst,5 g M & N
9 0 i8 M ay
925s Apr. M o n ta n a E x te n s io n , 4 g.19:9 37 J Sc D 86% b. 8 4 J a n . 89% A p r.
G en . E l e c tr ic , d eb . 5 s, g . . .1 9 2 2 J & D
8 7 b. 68 J a n .
56
50% J a n .
59% A p r.
8 7 i2 A p r. S a n A n t.& A .P .—1 s t,4 g .,g u .,’43 J Sc J
H o u s .& T . C en t., g en . 4 s, g . 1921 A & O 63 b. 6 0 J a n .
105 F e b . 1 10 F e b 66 M ar. So. C ar.—1 s t,6 g., ex. co u p .1 9 2 0
Illin o is C e n tra l.—4 g ..........1952 A & O 100% b. 1 0 0 F eb . 102 A p r. So. P acific, A riz .—6 g .. 190 9 -1 0 J & J
91 b. 91 F e b .
94 % J a n .
I n t . & G r e a t N o r.—1 s t, 6 g. 1 9 1 9 M & N 11213b. 1 1 0 J a n . 1 1 6 A p r. So. P a c ific , C al.—6 g ---- 1905-12 A Sc O 1 08 b. 107% A p r. 108% M a r.
2 d 4 -5 8 ....................................1 9 0 9 M & 8
1 s t co n so l., gold, 5 g ........1938 A & O
9 0 a. 88 J a n .
68
61 M ar. 6 8 ia A p r.
9 8 A p r.
9434 86 J a n . 9 5 A p r. So. P a c ific , N. M.—6 g ........1 9 1 1 J & J 98
I o w a C e n tra l.—1 s t, 5 g ___1938 J & D
95% J a n .
98% A p r.
8434 7 9 J a n . 85 A p r. T enn.C . I. & R y .—T e n .D .,ls t,6 g A O 80% b. 7 5 J a n . 85% A p r.
K in g s Co. E le v .—1 s t, 5 g . . 1925 J & J
L a c le d e G a s.—1 s t., 5 g ___1 9 1 9 Q - F
863s 81 J a n . 8 9 A p r. B irm in g h a m D iv ., 6 g . . . 1 9 1 7 J Sc J 843tb. 7 7 J a n . 8 7 A p r.
L a k e E r ie & W est.—5 g ___1 9 3 7 J & J 1 1 4 b. I I O I 2 J a n . I I 512 A p r. T e x a s & P a c ific —1 st, 5 g ..2 0 0 0 J Sc D
7234 J a n . 8 4 34 A p r.
83%
L . S h o re.—C on. c p ., 1 s t, 7 s . 1 9 0 0 J & J 1 2 0 b. 118 J a n . 121% M ay
2d, in c o m e , 5 g ................... 2 0 0 0 M arch
22 %
17% J a n .
26% A p r.
C onsol, co u p ., 2 d , 7 s ........1903 J & D 1243ib. 122 J a n . 125 M ar. Tol. A n n A r. & N . M .—6 g .1 9 2 4 M & N
61 b. 5 5 M ar. 7 0 A p r.
L o n g I s la n d .—1 s t c o n ., 5 g. 1931 Q - J
115 iob. 113 J a n . 1 1 5 78 M ar. T o led o & O hio C e n t.—5 g .1 9 3 5 J & J 10734b. 1 0 4 J a n . 107% M ar.
G e n e r a l m o rtg a g e , 4 g .. 1938 J & D
98 34b. 935s F eb .
8 2 b. 78% J a n .
9 7 A p r. T o led o Peo. & W est.—4 g .1 9 1 7 J & J
84% M ar.
L o u is. <fc N a sh .—C ons., 7 s . 1898 A Sc O 1 1 0 b. 1 0 9 14 A p r. 113% M ar. Tol. St. L. Sc K a n . C —6 g . . l 9 1 6 J & D
5 7 b. 58% J a n . 16 4 A p r.
N . O. & M obile, 1 s t, 6 g . . l 9 3 0 J & J 1 1 7 b. 1 1 2 ia J a n . 1 1 6 ia M ay U nio n P acific—6 g ................ 1899 J <fc J 108% b. 1 05 J a n . 111 A p r.
“
“
2 d , 6 g , .1 9 3 0 jJ <fc J 1 0 5 a. 9 7 J a n . 104 A p r.
E x t. s in k in g fu n d , 8 .........1 8 9 9 M .Sc S 100% b. 95% J a n . 103 F e b .
G e n e ra l, 6 g ......................... 1 9 3 0 J & D 11 4 i2 b . 1093s J a n . 116 M ar.
C o lla te r a l tr u s t, 4 % ........ 1 9 1 8 M Sc N
4 4 a. 4 0 M ay
49 Jan .
U n ifie d . 4 g ...........................1 9 4 0 J & J
9 2 b. 8 2 J a n .
G o ld 6s, col. t r u s t n o te s .1 8 9 4 F Sc A
7 6 12a.
2% J a n .
92% A p r.
7712 A p r.
N a sh . F1/& S h .- ls t,g td .,5 g .’37 F & A
K
a
n
.
P
a
c
.-D
e
n
.
D
iv.,
6
g
.l8
9
9
;M
*fc
N
85 b. 7 6 F e b .
1
0
7
b.
10
1
J
a
n
.
109 M ay |
9 0 F eb .
K e n tu c k y C e n tra l.—4 g . 1 9 8 7 J & J ' 8 4 b. 8 2 J a n .
1 s t c o n so l.; 6 g ............... 1 9 1 9 M Sc N
87% b. 8 2 J a n .
9 7 M ar.
84% M ar.
L o u is. N . A. Sc Ch.—1 st,,6 8 .1 9 1 0 J & J 1 1 0 b. 108 J a n . 1 1 3 ia M ar.
O re g o n S h o r t L in e —6 g . . l 9 i 2 F «fc A
86
75 Jan .
92% M a r.
C o n so l., 6 g ...........................19 1 6 A & O 96
O r.S .L .& U t’hN .—C o n .5 g .1 9 1 9 A Sc O 49%
93 J a n . 100 M ar.
48 Ja n .
56% A p r.
L o u is. S t, L. & T e x a s.—6 g .1 9 1 7 F & A
U
.P .D en.& G ulfjC on., 5 g .l 9 3 9 J «fe D
59
4 4 b. 4 2 J a n .
55% J a n .
4 8 34 A p r.
61 A p r.
M e tro . E le v a te d .—1 st, 6 g .1 9 0 8 J & J 1 1 9 78 116 J a n . 1 2 0 A p r. V irg in ia M id.—G en.M ., 5 s . 1936 M Sc N
9 0 A p r.
88 b. 7 0 J a n .
2d , 6 s .......................................1899 M & N 107% 1 0 7 J a n . I l l
“
“
s ta m p e d g u a r .. M Sc N
88 b. 7 2 J a n .
9 0 A p r.
A p r.
M ich. C e n t.—1 s t, c o n s., 7 s . 1902 M Sc N 119% b. 1 2 2 F e b . 1 2 4 ia M ar. W ab a sh —1 s t, 5 g ................... 1939 M & N 104%
102 J a n . 107% A p r.
C o n so l. 5 s ........................... 1 9 0 2 M & N 1 0 5 b. 1 0 6 M ar. 106 M ar.
2 d m o rtg a g e , 5 g ................1939 F Sc A
7 9 A p r.
7 5 b. 7 0 F e b .
M il. L ak eS li.& W .—1 s t, 6 g .1 9 2 1 M & N 1 2 2 b. 1 2 4 J a n . 130 A p r.
D e b e n t. M ., se rie s B ........1 9 3 9 jJ & J
2 4 b. 21 M ar. 28 % A p r.
E x t e n . Sc Im p ., 5 g ........... 1 9 2 9 F & A 1 0 9 i8 b . 105% F e b . 1 09% A p r. W est. N .Y . & P a .—I s t , 5 g . l 9 3 7 J & J 101
98 % J a n . 101% A p r.
M o. K . & E .—1 s t 5 s, g., g u . 1 9 4 2 1A Sc O
2d m o r tg a g e .......................1 927 A Sc O
20%
8 0 iab . 8 0 J a n .
22 J a n .
18% F e b .
83 % M ar.
M. K . & T e x a s.—1 s t, 4 s, g . 1 9 9 0 J Sc D
82ia 7 8 J a n . 83% A p r. W est. U n. T el.—Col. tr ., 5s. 1938 J <fe J *107 %b. 10 3 J an. 107% M ay
2d , 4 s , g .................................1 9 9 0 F Sc A
45ia 4 1 F e b . 4 8% A p r. IW ise. C ent. Co.—1 s t, 5 g . . 1937 J Sc J 7 4 %a. 6 4 F e b . 76 % M ar.
M o. P a c ,—I s t.c o n ., 6 g ___1920IM & N
1 2 b. 13% F e b .
In c o m e , 5 g ........................ 19371..............
9 0 b. 8 7 J a n . 1013.4 A pr.
18 F e b .
N o t e .—“ b ” in d ic a te s p ric e b id ; “ a ” p ric e a s k e d ; t h e r a n g e is m a d e u p fro m a c tu a l s a le s o n ly .

* L a te s t p ric e th i s w e e k ,

t T r u s t re c e ip ts .

NEW YORK STOCK EXCHANGE PRICES—(Continued].—INACTIVE BONDS—M A Y 11.
S E C U R IT IE S .

B id.

A sk .

Railroad Bondg.
(S tock Exchange P rices.)
A la b a m a M id.—1 s t, g., g u a r .. 1928
A . T. Sc S. F .—2d, 4 s, C la ss B . 1989
Col. M id. 1 st, g . , 6 s ................. 1936
A tla n tic <& D a n v .—1 s t g., 6 s .. 1917
A tl. & P a c .—2d W. D ., gu. 6 s,. 1907
B a lt. & O hio—1 s t, 6 s, P a r k B .1 9 1 9
........................................ 1925

89
95
114
116

S E C U R IT IE S .
B. <feO.— Tons, m o rt., g o ld ,5 s .l9 8 8
W. V a. & P it ts .—1 s t, g., 5 s .. 1990
B . & O. 8. W ., 1 s t, g., 4 % s ...l9 9 0
M o n o n . R iv e r, 1 s t g .,g . 5 s . .. 1919
C e n t’l O hio R e o r.—1 st, 4 % s .l9 3 0
A k.& Ch. J u n e .—1 s t,g ,58,g u .1930
B ost. H . T u n . & W .—D eb. 5 s . 1913
B ro o k ly n E le v a te d —2 d , 5 s . . . 1915
B ru n s w ic k Sc W’n —1 st, g. 4 s, 1938
Rufl. R ‘ h. A P i t t a —G e n .,58.193?

K o trice iT ldav: these are the latest cmotfctims made this week.

B id.

A sk.

115% n o ' s
1 07
104
*102
99
'9 8 %

105 ‘
74
99"

S E C U R IT IE S .

Bid.

Ask.

B.
R .& P .—R o ch .
P ., 1 s t, 6f120
8 .1 9 2 1
12C
R och. & P it ts .—C ons. 1 s t, 6 8.1922
B url C ed. R a p . & N o .—1 s t, 58.1906 107
C onsol. Sc c o lla t. tr u s t , 5 s . . . 1934
M inn. Sc S t. L .—1 st, 7 s, g u .,1 9 2 7 f l T
Io w a C. <fe W est.—1 st, 7 s — 1909 100 l o o 's
_„
C ed. R a p . I . F . <fc N ., 1 s t, 6 s .1920 1 00
92
95
1 s t, 5 s ......................................1921
C.
O hio—Col. < h C in .M .lst,4 % s.l9 3 9 ,
> n t . R R . S' F a n k .—Col.
i o r l *87kt

THE CHRONICLE,

Ma y 12, 1894.1

809

NEW YOfiK STOCK EXCHANGE PKICES.—INACTIVE BONDS—r ContinuedJ—MAY II .
SE C T JB IT IK 8.

B id .

A a k .1

S E C U R IT IE S .

B id.

S E C D B IT IE S .

B id.

A sk.

N o rth e rn P a c ific —( C o n tin u e d .)
E .& T .H .— ^iiI.C o,B T.l8t)g.,58.1930
56
105
E v.& R ietL “ -Xstgeii.58,g*gtt*T931
H e le n a A B e d M ’n —l 3t,g ., 6 s .1937
100
IO 0I4
D u Iu th & M a n ito b a —ls t,g .6 s l 9 3 6
t r a m . & In d ia n .—1 st. e o n s ..1 9 2 6
74
1054
D ill. AM a n D a k . D i v . - l s t 63.1937
& P . M arq .—M ort*, 6 s . ..1 9 2 0 1 14
75
92
105%
C cenr d ’A le n e —1 s t, 6s, g o ld . 1916
1 s t eo n . g o ld , 5 s . ........—... .. 1 9 3 9
90
93
G en. l s t . g . , 6s ........................1938
P o r t H u ro n —1st, 5 s ___....1 9 3 9
100
F la. Ceo & P e n .—l s t g . 5 s
1918 105
C ant. W a s h in g to n —l s t .g . , 63.1938
96%
N o rfo lk & S o u th ’n —1 s t, 5 s ,g .19-1! 1 0 0 % 102 %
1 s t e o n . g., 5 s .......................... 1943
58
60
N o rfo lk A W est.—G e n e ra l, 6 s . 1931 1 1 2 %
105%
F t W ortti & R. G .—1 s t g., 5 s . .1928
102
N e w R iv e r, 1 s t, 6s ..................1932 '10S
G al. H a r. & S a n A n t,—1 st, 6 s . 1910
Im p . & E x t ., 6s......................... 1931
91
G al. H . & 8. A .—2 d m o rt., 7 s .. 1905 *97%
109%
A
d ju s tm e n t M .,7 s .................. 1924
G a. C ar. & N o r.—1st, gu . 5 s, g .1 9 ‘2 9
E q u ip m e n t, 5 s........................... 1908
(ia . So. A F ia .—1 st, g. 6 s .. . — 1927
C
lin c h V al. 1 s t 5 s ....................1957
G ra n d R a p . & In d .—G en. 5 s .. 1924
B oanoke& S o.—1 s t, gu. 5s, g .1922
77
G. B. W. «feSt. P .—2 d Inc. t r . r e c ts .
114
S cio to V al. & N . E .—1 st, 4 s ,.1990
73
H o a s a to n ic —Cons, g o ld 5s___1937
O hio A M iss—2 d co n so l. 7 s . . . 1911 115"'
N . H a v e n A D e rb y , Cons. 5s.. 1918 *110%
S p rm g .D iv ,—1 s t 7 s................. 1005 109 i0 9 %
H o n s. & T . C.—W aco & N . 7S..1903 104
114
G e n e ra l 5 s...................................1932
1 s t g ., 5 s (int. g t d > . .. .. ........1937 *104
99 100 O hio R iv e r R R .—l a t , 5 s............1936
117
Cons. g. 6 s (int. g t d ) . . . . . . . - 1 9 1 2
10 1
G en , g .,5 a ................................... 1937
107
D e b e n t. 6 s, p rln . & in t. g td . 1897
85
107
O r e g o n * C alif o r.—1 st, 5s, g . 1927 ¥ i “
D e b e n t. 4 s, p rin . & in t. g td . 1897 *80
104*4
no
O reg. R y & N a v .—C o l.tr, g..5 s,1 9 1 9
Illin o is C e n tra l—1 st, g., 4 s ...1 9 5 1 *
55 " '
97 % P a n . 8in k .F ’d S u b sid y —6s, g .1 9 1 0
103*%;........
1 s t. g o ld , 3 i a a . ........! .............. 1951
100
98% 985t P e n n .-P .C .C A 8 u L .C n .g .4 % sA 1 9 4 0 103
G old 4 s . ...........
1953
105
C airo B ridge—4 s ......... . . . . . . 1 9 5 0
Do
do
S e rie s B .......... 103% 10313
P .C .& 8 .L .-ls t,c „ 7 a .................. 1900 114
105 . . . . . .
S p rin g ?. D iv .—C oup., 6 s----- 1898 105
P itts , F t. IV. A C.—1 s t, 7 s . . .1 9 1 2 13058
943i 96*2 M id d le D iv .- R e g ., 5 s .. .......... 1921 107
1912 135
2d , 7 s ..........................
'85
i. . . . . i. 0 . S t. L. A N . O.—T e n .L , 7 s .1 8 9 7 109%
3 d , 7 s .........................................1912 129
100
1 s t, c o n so l., 7 s......... . . . . . . . 1 8 9 7 109% 110%
115
U6
C h. 8L L .A P .—1 s t,e o n .o s,g . .. 1932 109
2 d , 6 s . . ..................................1 9 0 7
C lev. A P .—C o n s., s. fd ., 7 s . 1900 . . . . . . ..........
G o ld , 5 s , c o u p o n . . . . ___ ..1 9 5 1 U 0
1 2 6 127
G en. 4% s, g., “ A " .............. 1942
M em p , D iv ., 1 s t g. 4 s . . . . . 1951
.....
119 120
D u b . A S. G —2 d D iv,, 7s ...1 8 9 4 10s
8t. L . V . 4 T . f l , - l s t , 0 3 . ,7 s .l 8 9 7 ►109 ..........
92%
,1 9
.....
2d, 7 s .........................................1898
C ed. F a lla A M inn.—1 s t, 7 s .. 1907
126% 128
2 d , g u a r., 7 s ............................1898 •106 108
In d . D, & 8 p r.—1 st 7 s, e x . c p .1 9 0 6
106
131 4 3 2
G d, B .A I. E x t .—1 st, -1 %s,G.g. 1941
In d .D .A W .—1 st 5s, g .,tr .r e o .. 1947
103■% . . . . . . n 2 d , 5a, gold, t r u s t r e c e ip ts .. 1948 •**“
: P e o .A E ,-Iu d ,B .A 7 V .-l8 t,p f.7 8 .1 9 0 0 11T ' ..........
O hio ln d .A W —l s t p i ‘e r .5 s ..l9 3 8
126 s ■. — :f In c . M. b o n d s, t r u s t re c e ip ts . . . .
80% P e o rta A P e k . O nion—1 st, 69.1921 108
1 6 6 4 107 j la d . Ols. A Io w a.—1st, g, 4s. 1939
— . . . 122 ! ct.& G . N *I)-J s t.d a .g ...................1919 112% l l L k
2 d m o rtg ., 4 % s ..........................1921 *63
' 04(4
81% 83
P iu s . O le re . A T o l.—1st, 6s .. . 1922
. . . . . . . . . . . . . K in g s Co** F .E L ,ls t,6 ,g . ,go. A. 1929
. . . . . i.«*««*|fL*)m E rie & W est,—2 d £ , 5 a . 1941 102 % . . . . . . P itts . A L. K r.—2d g .5 s , " A ” . 19*28
113*4 . . . . . . L. 8, A M .8ou.—B .A E .—N e w 7 s .’98 1 1 1 % i i i \ P ltrs. Mo. K. & T .—1 st 6s___ 1932
. . . . P itts . P a in s v . A F .—1 s t, o s . ..1 9 1 0
D ot. M. A T . - 1st, 7 8 . . . . . . . . 1 9 0 0 *425
P itts . S hell. A L .E .—1 s t.g .,5 s . 1940
L a k e S h o re—D iv. bonds,7a*. 1899 1 13% 1 Vi
Dakota A Ut. South., 5s. ...1 9 1 6 106
s_,__ P i t t a A W est.—M. 5 s , g .1891-1941
K a l. A ll. A Q-. E .—l a t gnu 5a. 1938, • n o
M il A S o t . m a in lilt*— 6». .1 9 1 0 :
82
! P itts .Y 'g s t’uA A .—1 st, 59,con,1927
M abordg Coal R H .—1st, 5 s. 1934 1 1 1
*.W .—3 0 y e a r d eb , 5 s, 1921 w ~
102% P res. A A riz . C eu L —1 s t, 6s, g .I9 1 6
ia b a A U 8, 1 st, 6 s . . . . 1901 106 : . . . . . . i Ijsh ig h ,V.,N.Y.—1 s t g u .g .4 Is% l9 4 0
2 d Incom e 6s ............................ 1916
107%
. . . . . . U d iig b V . r o r m . - l s t g u 5 a ,g .l9 4 t 105
D ee M. A M inn.—1 st, 7 s .. ..1 9 0 7 1 2 0
101
85
R ich, a D a n v .—D e b e n tu r e 6s . 1927
I o w a M id la n d —-1 st, 8 a ......... 11100 1 2 0 l . . . . . . l*ekigb V’/ C o al—l a t 5s,gu-g. 1933
95
95
E q u ip . M. *. f., g ., 5 8 ...............1909
i MGiil. C ar, A W est,—1 s t 6 s. g . 191.6 : . . . . .
P e n in s u la —1 st. «■!,«., 7 s . . . !8 » « .
90
; AU. A C h a r,—1 st, p r e t , 7s._ 1897
L o n g I s la n d —1st, 7 a . . . . . . . . ..1898"! n o ’, U 2
Ohio. A M ilw a u k e e - lo t, 7», 1888! 113% 115
do .
In c o m e , 6s . . . . 1900
N. V. A R 'w a y B . - l s t , g . 5 a . 1927 * . . . .
90%
W in. A S t. P .—2 d . 7 s ...........1 9 0 7 1 2 5 . . . . .
65
.....
37 % 43
W asluO . AW .—ls t,4 s ,g u .e y .,1 9 2 1
2 d morCg*, i a c . . . . . . . . . . . . . 1927
MU. A M ad.—1 st, 6 « ............. I9 0 5 i I l l
. . . . Rio U r. J u n o .—1 st, g u .. g., 5s. 1938
N . V. A M ao, B each .—l a t , 7a, 1897 . . . . . .
O tt. C. P . A S t. P . - l a t , 5*. 1909 U>8 ___
107%
N. V. H A M . B.—1a t co n . 3ft,g* i 9 35 “99% 101
iilo G ra n d e So.—1 st, g., 5 s . ..1 9 4 0
N o rth e rn 111.—1 st, 5 s .......... 1910
96
8L J o e . A U r. Ls.—2 d ln o .......... 1925
B ro o k i’tuAM o n ta u k — 1 st,6ft* 1911
45hJPeo. A fit. J - —<■<■>!;. i* t,g .5 s . 1039
....... i K ao . C. A O m a h a — 1st, 5 a ..1 9 2 7 •48
1 st, 5« . . . . . . . . . . . . . . . . . . . . . 1 9 1 1
& B .I.A P .-D .H .A K, D. 1 s t 4 s. 1905
. . . . 49% 8t. L. A. A T .H —2 d p r e l. 7 s . .1 8 9 4 10 2 %
Louis. E v a n s.A 8 4 U —C on.5ft. 1939
w
1 s t, 2 % s....................................1905 4 5
110%
2 d m . lno. 7a............................... 1894 100 %
L o u is. A N a sh ,—Cec 11. B r. 7 s .. 1907 109
E x te n s io n , 4 s ........................1905
95 rlOO
05
D iv id e n d b o n d s ......................1 8 9 4
K It. A N a s h . - l a t 6a, g . .. .H H 9 113
K eo k u k A D e- M.—1 s t ,5e . 1923
105
P
m
i^
c
o
h
t
D
iv
ision,
6
a
,.
.
.
..
1
9
2
0
110%
B ellev. A 80. 111.—1 s t, 8 a ...x 8 0 i, 107
O hio. A a t.I , ( A t e h . ) - l a t , 6 a ..1915
B ellev . A C ar,—l a t , 6s .......... 1923
61. U j ul» D iv isio n, 1 s t, 6 a ... 19*21 *119 ____
C h ic ,8 i. P. A M in n .—1 s t ,6 s . ..1 9 1 8 126 1127%
C hi. 8 L L .A P ad .—la t,g tL g .o s 1917 l. 2
2 d , 3 s . . . . . . . . . . . . . . . . . . . . . . 1980 *54
at. P a u l A 8 . C .—1 st, 6 s , . . . ,1 9 1 9 . . . . . . 1*6**
106
N aaliv. A D e c a tu r—1 s t , 7 s .. 19 00 113
8L IsHliH 80.—l a t , Kd. g. 4a. 1931 •80
Ohio. A W . to d . —1 st. «. f ..« s ,1 9 1 »
80
8*
L
,6
»
.8
.
A
N
.
A
la,
.
.
.
.
.
.
.
1
9
1
0
U«%U20
104
do
2 d in c o m e ,5 a. 1931
O enenal m o rtg a g e . 6 s ........... 183:
1 0 -4 0 , go ld , 6 « ... . . . . . . . . . . . 1924 LOO
C ar. A S h a w l.—l s t g . 4 a — 1932 ‘ oO
O n H a m . A D —C on. a. fc, 7 *.T 905! 117 . . . . .
95%
5 0 f e a r 5 s, g ., .. . . . . . . . . . . . . 1937
2 d , gold, 4 %#............................. 1937
108% 111
V**
9b
P e n s, A A t.- 1st, 6a, g o ld ... 1921 •9 5
99
E q u ip ., 7 a .......... ...................... 1895
C in. X>. A le ts—1 st, gu. 5», g. l u l l
.....
___
81
C o lia t, tr u s t, 5 b, g . . . . . . . . . . 1 9 3 1
O e v . A k. A C o h - i .q , A 2 d U s.1030
G e n e ra l 51 ................................... 11(31
83
Lou. >'.A hi. A c ii.—G e n . m ,g.5a, 1940
b5
1 st, tr u s t, g o ld , 5 a.................... 1987
a c . c . A a t, L ., C a iro d lv .—4 a , 1939 ******
70%
92% M a n h a u a n R y.—C ons, 4 a .,...1 9 9 0
97%
BELott. D tv .—I* to o l.t» 't4 s .g . 1990
C onaol, g u a r., 4 s ......................1090
90
48
:M a«H o.8, W.Cidmi i ia ’n—5s ,g. 193-4 . . . . . . . . . . . .
K a u . C ity A 8 ,—la t , 6a, g . . . l » 1 6
B e ring. AC'oL D lv .—Is tu t. 4s. 1940
W h lv W .V a i.D tv . —U t.g . 4». 1940 9 0
........ M em p h is A C h art. —Oft, g o ld .. 1924 . . . . .
IX S. A V. B. Be. - l a t , 6 a . ..1 9 1 0
.....
1 st co n . l e a n lien, 7 f t . - . . . . . l u i 5 .. . ..
K a n s u M id la n d —l a t , 4a, g .1 9 3 7
C ta.W ab .A M .D iv ,—la t,g ,4 * . 1991
91% 92% ■Mexican Cent.- CousoL—is , g. 191 i
O ta. 1. St. 1.. A C .~ l» t,g .,4 s .l9 3 «
. . . . . 8 .. P a u l A D u lu th —1 s t,5 a ....1 9 3 1 112 113%
1st,
in com e 3a, g , ., . ..1 9 3 9
C o n s o l, 6 s ....................................1920
2d m o rtg a g e 5 a ,.......... ............1917 10 (%
.....
C tn .8 a n .A C l—C 0B .l* t.g ,a » . 1923 105 ........
. . . . . . a t. P a u l j i l n i i A .M.—l a t , 7 a . . 1900 n o
2d m o r e , Os..................... ...........19U0 1 , 7 % 118%
a . C o l . O n . A f a d .—1 s t, T m 4>18»9 113% . . . . . 1M e x ic a n N a tio n a i—l a t , g .,o * 19*7
.....
M ln n ca p . U n io n —l a t , 6 a __ 19 2 s 117
C onsol, s in k , f u n d , 7 s . ...........1914
j 2*i, in c o m e , 6a, “ A” . . . . . . . . . 1917
.....
M ouL C on.—l a t , g u a r,, 6 a ..1 9 3 7 Li-1% 110"
C love. A M ali, V .—un!<i, 5 * .,. 1936 1 Y6” 1
j t o . l u x a t e , 6a, r‘ 8 **............. 1917
......
*100
l a t g n n r. g. 5 * .......................... 1 9 3 ’ 1 1 101%
iM ieiiigau C e n tra l—6 s . . . . . . ...1 9 0 9 1 115
O o ia m b ia A O w e n .—
C o u p o n , 5 s . . . . . . . . . . . . . . . . . . . 1931 U J
E a st. M inn., l a t d lv . l a t o s.lU O e lu l% 103
2 d, 6 * ............................................ 1020 *40
D el. L a c k . A W. —d o t e " s ___1907 43o% ____
M o rtg a g e 4 s , . . . . . . . . . . . . . . .
S un F r a n . A N. P .—l a t , g „ 5 s .1919 -80
i0O
8
Bi t i g. A S. Y,—1 s t. 78.1 9 0 6 VtH
I Ba LGAdt r gl f t . —
19 sb
. . . . . S o u th C a r o lin a —2 d , 6 a ..........1 0 3 1
M o rris A E a s e s —1 s t, 7 s ___ l u l l 1 3b
In co m e, 0 s . . . . . . . . . . . . . ----- 1931
105%
|M li, L. A a W.—Con v. d e b ., 5 s . 1907 *101
2%
B o n d s, 7 s .................................ISOo I D
116 S M ich. D lv.. 1st, 6 b. ................ .1 9 2 4 ' l i> %
[SO. P ao, C o a s t—1 st, g u a r., 4*. 1937
I A s h la n d D iviskm — 1st, 6 s .. 1925 124%
: lo r, K K .A s'n o f 8 t.L .- ls t,4 % a .l9 3 u
7 s o f 1 8 7 1 .............
..1 9 0 1 * 19 i ’l i
1 st, c o n ., g u a r ,, 7 s . . . .........1915 l i u
T e x a s A N ow O rle a n s —l s t ,7 a . 1 9 0
* io 4
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D el. A H u d . 0 » a .—ssoupoa 7 s, 1391 44>i% 102 % !M inn.A
8 a b in o D iv isio n , la t, 6 » .........1912
L.—1 st, g.
122
(27
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...1 9 4 a
91
P a . D iv ., c o u p ., 7 s ................ .1 9 1 7 140
Io w a E x te n s io n , i » t r7 s ,...* i9 0 y U 4
l 10
116 118
T h ird A venue (N. I').—l a t 0.1 ,1 0 3
A lb a n y A Boaq.—ls t.g u .,7 * 190*,: 1.26
U lim n*',. 7 s .............................1001 120 1140
1 s t. eon*., g u a r,, 6 s . ____ 1906 117%
»uuU*w.-*t h x t . - l i t , 7a....... I b l u 136% 14b
Tol. A. A. A C ad.—6 a .................191
70
B e n s. A e a r. —t* -. c o u p ., v*. 1921 j
75
83
I’lu itle E x t.—1st. «Sa............. 1901 l 2 [ . . . . . T oledo A. A. A U 'd T r.—g. tia.1921
D e n v e r C ity C a » ie— 1st, tie ,.. 11*03
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T.A O .C ,—K a n .A M., M o rt, 1,1.1990
71
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> i!!« u B t.P ..k » .rt.M -l* lo .it.M .l0 3 *
94
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D e n v. A K. O .—Im p ., g ., 5a. . . 1 9 2 .
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tOb
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| M iM o u n 1’wciac — i ru * t 8 » .. .1 0 1 7
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D iv isio n al 3 * ........................
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107 **
C oH ateral T r u s t, 0 s ................ lo o - • m
l i t e x t., g o ld . 3* ...................... 1937; 69
0 t l . « l . M - A rk.
7*. 1B0.i 10.1 w .0 5 %
4A
iM ublie <* O h io —l o t o x t,, b».,.i!C I7 . 1 0 j ... • t C o lla te ra l T r u s t, 5 * ................ 100! •05
72
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K a n sa s P a c itto —1 s t 6 a, g . ,. 189. 103
St, U A o . i r b —Is, m i.ir........1081 *30 ! •M o b lis A B irth .—1 *1 , g ,, 5*.. 1037
A la b a m a C e n tra l —1st t t s . . . ly 1 - ' D>J
l a t , 0», g ................................... 160i, 1 00
Morvwn’s La. A T . ~ 1 st, tii---- 10-fu 11 iw ....
E r ie —1 st, e x te n d e d , 7 s . . . ___ 1807 10 $ H O
■ 0 . B r. U. P . - F , o., 7 h........... 1S9:>
104
l i t , 7*...........................................1 0 1 s U 4
....
24. e x te n d e d , 5 s . . . . . . . ______ 1 v»1 1 Uf
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41%
S a . l i . Ctta*:. A 8 L U —0 f t b s . . l « u i 103 ; ..
! A le it. J . Co. A W.—le t , 0 8 ... 190.
42
8 4 , e x te n d e d . 4 % s...............
1023;
S'. O. A. So. fc. -P t. L, K„ 0*..liU 3
# t 0#%
4 th , e x te n d e d , 5*...................... 1920 112
S. V. O a t r u l —I 'e b . g. I s ___19o;> 103 i........ j U .P , L im A Col.—1 s t,g , , 53. 191*
h i
1 O reg.d.L , A LI.N .1c o i.tr5 t.,o a .lU 19
S th , e x te n d e d , *,».................
1 M2 « I 0*i 104
N. .1 , J u a u —(in a t. 1st, 4 s . . . 1000 . . . . . l o t
45“
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tk i-ch Cre*.!*—1 st, gold, I s . . 10.(0 * .0 3 W ........ ■ U ta h A N o rth .—l e t , 7»........ ly o o
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Util;,* A 81. Riv. - Is, g., g u.1011 I u 2 % ____ ' U ta h S o u th e rn —G em , 7a . . I 0O1I 81
B. N . If, A E .—1 st, 7 s , . . . . . . 1 9 1 6 130
90
90
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g n .L iy y 1 0 3
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.... :
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B ull. A 8. w .—M ortg. ii*___ 196 <3
> . i . o u sq . A W est.—3 d , **«,. 1037
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a s : sa
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1922:
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6t- U K -C .A N .-H J B .A B a 7a. 1095 M 5 A lO S 1*
.......... b o r th 'n PtteiUO—D ivliT U scnp e x t
8L C h a rle s B r’ge— la t,0 a .. . 1908 100
E a r e k a o p r tn g i - t - t , g , 6 , . . i;*33
J a m e s R iv e r V ai.—1st, 3 s ,. .1030
W est. Va, C. A P itta .—1 st, 08.1911
E v a n s . A T .H .—Is; ,oona..6a. .1 9 2 1 * ____ 115
W heel.A L .E .—1st, 5s, g o ld ...1 9 2 0
S p o k a n e A P a l.—1st, e«........ 1930
105
1st. g e n e ra l,
, i ................. .1 9 4 2
78
85
E x te n s io n A im p , g., 19. . . . M
Mt. Verttmi l»r
w %3 a,*
! Ht. P au l V S. P .—Uwn. 0* , ty -J i 113 110%
95

C e n t, o ' N. J .—C o n e . d e b ., 6 a ,1 9 0 8
C e n tra , Pacific—G old tods, 6s, 1895;
S o ld b o n d s, 6 s ......................... 1896
S o ld b o n d s, 6 s .......................1 8 9 7 ,
B an J o a q u in B r., 6 s ................ 1900;
M o r t g o ld 3 a ..................... . ...1 9 3 9 ;
B a n d g ra n t, 5 s, g ..................... 1900.
C al. A O , D iv ., e x t., g. 5 s . . . 1918*
W est. P a c ific —B o n d s, 6 a-----1899
No. B a a w a y (C a l.i—1 st, 6 s . 1907
5 0 -y e a r 5 s ............................. 1938;
d i e s . A O . - P o r . M. fu n d , 8 s .l 8 9 a
6», gold, s e rie s A . . .................1908;
C ra ig V alley —1 s t, g „ 5 s-----1 9 4 0
W arm 8 p r. V a i., 1 st, g. 5 s . .1 9 4 1
O bea. O .A S o . W est.—1st 6s, g .1 9 1 1
2d, 6 s ............................................1911
O h. V .-G e n .c o n .ls t,g u .J ? ,5 e .l9 3 8
C h ic ag o & A lto n —8. F ., 6 s ---- 1903
B onis, A M u . E lv e r—1 s t, 78.1900
2(1, 7 s ........................................1 9 0 0
S t L. J a c k s . A C h io .- 2 d , 7A 1898
MJSS.R. B rid g e —1 s t, s. f .,6 s .l 9 1 2
Ohio. B u rt. & S o t . — 1 st, 5 s -----1 9 2 6
D e b e n tu r e 6 s .............................1396
C hic. B u rlin g . A Q,—5a. *. f.,1 9 0 1
Io w a D lv .—S in k , f u n d , 5 » .. 1919
S in k in g f u n d , 4*................... 1919
P la in , i s ...................................... 1921
C h ic A I n d ia n a C oal—1 s t 5 s . 1936
O h t Mil. * S t. P .—1 s t,8 s ,P .D . 1898
S d ,7 3-lO s, P . I i .....................1398
1 st, 7*. *
K. D ..................... 1902
1 s t, I . A SI.. 7 e .........................1897 '
1 st, I . A D . . 7 - ..........................1899;
1 s t ,C. A M .,7 « ......................... 1903;
1 s t, L A D . E x t e n s io n ,7 * .-.1 9 0 8 :
l i t , L a C. * D a v ., 3 s .............. 1919
1 st, H . A D ., T- ...................... 1010,
1 st, H . A D .. 5 - ........................1910;
C h ic ag o A P a c ific D lv ., 6 a .. 1910
M in e ra l P o in t D ir . 5 s ........ ..1 9 1 0 i
C. A L. Slip. D lv .. 5*..............1921
F a rg o A S o u th ., Or, A m u . . . 1921
I n c . coijv . s in k . fu n d . 5 s -----1916;

* N* , is f'r ii>: thij..; ar* the laWit quotation* made this week. Bor MlaceUaueou* and liullnted Bond*.-See 3d page preceding.

THE CHRONICLE.

810

[V ol. LV in ,

A B S T R A C T F IIO M R E P O R T S O F T H E N A T I O N A L B A N K S H IAD E T O T H E C O M P T R O L L E R F E B . 2 8 , 1 8 9 4 .
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189 4 .

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I n d iv id u a l.

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2 K 45,767,501
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84 2 2 ,9 9 9 ,37(
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18 6 ,2 8 8
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182,806
8 .1 5 8 ,1 7 8
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1 0 7 ,5 1 6 ,9 7 9
7 1 ,9 2 3 ,7 2 2
9 8 ,8 ^8
1 7 ,5 1 2 ,4 8 L
8 5 ,2 3 5
3 3 .3 3 5 ,0 9 5
2 2 6 .5 4 4
2 5 8 ,7 9 3 ,0 2 4 1,082,023
2 8 0 ,6 7 1 ,6 4
1 4 ,1 6 4 ,7 4 0
5 ,7 2 6 ,6 3 8
8 9 ,7 0 1 ,4 5 2
4 9 ,4 3 4 ,7 9 3
9 2 ,5 5 5 ,2 9 1
3 0 ,3 6 5 ,6 4 3
98.7 6 7 .7 5 3
6 6 1 ,3 9 0 ,9 5 7

8 7 6 ,9 4 3
9 9 ,6 8 6
4 9 .8 1 3
468,134
2 7 1 ,9 6 2
190,OtO
245,281
3 0 2 ,2 5 8
2 .5 0 4 .0 7 7

5 38,444
5 0 ,0 0 0
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counts. (In cl'u g o ld 0 . H . T re a su ry
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$
$
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872.97S
3 9 ,990
1 15,117
20 ,2 6 3 ,0 5 0
1 11,396
331,232
28,020
10.861,715
447,447
2 3 ,580
9 1 ,7 8 7
1 2 ,696,153
2 3 7 ,4 2 9
148,4 0 2 ,8 2 2 5,577,718 2 ,0 2 5 ,1 9 0
6 3 0 ,1 4 0
2 1 6 ,3 7 0
1 0 1,754,013 2,967,464
603,553
168,751
1 13,570
3 4 ,201.194
24 1 ,3 5 3
3 8 0 .5 0 0
45 ,0 6 7 ,3 3 4 1,909,157
373 .2 4 9 .2 8 1 12,708,550 2 ,8 2 7 ,2 2 0 1 ,5 9 5 ,9 7 3
6 2 3 ,6 7 9
310,1 1 2 ,0 1 7 2 5 ,1 9 7 ,1 3 2 5 2 ,4 8 1 ,7 7 0
2 9 9 ,8 5 0
2 1 5 ,5 8 0
9 ,3 9 8 ,9 2 4
6 7 ,199
3 63,753
3 0 ,8 2 0
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7 ,4 0 0 ,1 2 9
6 8 5 ,1 9 0
7 0 9 ,9 9 2
9 5 ,665,138 4 ,2 5 1 ,63<
4 6 ,0 2 7 ,9 5 0 1,581,832
3 4 0 ,5 7 0
2 96,301
62 0 ,7 7 1
8 7 ,2 9 2 ,8 3 3 9 ,8 1 8 ,6 2 2
3 2 8 ,3 1 0
3 -,6 6 1 ,4 5 7 3 ,0 2 7 ,0 6 4
3 3 9 ,7 0 0
3 0 4 .3 7 6
101,822.071 5 ,5 5 3 ,7 6 9
5 9 1 ,1 3 0
9 6 5 .9 4 8
6 9 3 ,3 8 0 .5 1 9 5 0 ,0 4 3 ,6 5 3 5 5 ,aiM ,e 7 0 | 3 ,6 1 9 ,0 3 6
13.0OU
1 4 3 ,7 7 0
5 ,2 i,8 ,l8 7
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8 9 9 ,2 8 0
2 8 ,4 1 5 ,8 6 7 1 ,0 2 2 ,6 7 1
172,059
5 0 ,3 3 0
9 ,7 7 3 ,6 4 3
3 80,254
9 7 ,5 4 3
4 0 2 ,6 0 4
5 5 4 ,9 t 0
5 ,9 0 0 ,6 9 0
3 3 ,0 7 3
116,537
1 0 2 ,0 0 0
443,607
6,0 2 6
5 1 6 ,4 7 3
2 7 ,440
14 ,8 9 6 ,9 4 3
16 2 ,9 3 7
39 4 ,0 1 5
3 5 ,0 0 0
69,737
7 ,2 4 2 ,7 5 7
7 1 ,* 8 i , 694 2 ,9 7 6 ,3 2 4 1 .6 8 2 .0 let
6 0 1 ,7 0 3

2 ,1 3 3 ,9 8 5
1 3 .2 4 3 ,2 6 0
3,761,701
2 ,5 7 5 ,0 0 0
2 5 2 ,0 0 0
4.821.30C
3 .0 6 1 ,0 0 0
2 9 ,‘ 4 b ,245

9 7 4 ,9 8 0
4 .517.8C 0
1 ,4 0 4 .9 0 0
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7 9 7 ,4 3 8
11, 6 7 ,3 9 3

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

2 ,6 2 6 ,0 0 0
34
1 .7 4 8 ,0 0 0
1-1
27
3 ,7 6 6 ,0 0 0
17
1 ,3 0 0 ,0 0 0
28
3 ,7 4 4 ,0 0 0
12
1 ,0 3 0 ,0 0 0
9
3 ,1 2 5 ,0 0 0
10
7 6 0 ,0 0 0
217 2 2 ,4 5 5 ,0C0
9
1 ,10 0 ,0 0 0
10
4 .4 0 1 ,5 0 0
70
9 ,8 5 6 .4 0 0
49
9 ,0 5 0 ,0 0 0
496 6 4 ,9 6 1 ,9 u 0

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

4 ,1 7 4 ,3 8 1
3 .6 8 0 ,1 6 3
5 ,1 4 0 ,0 8 9
4 ,‘c 0 2,461
5 ,4 5 6 ,1 3 0
2 ,0 1 5 ,8 2 2
1 5 ,6 7 8 ,1 0 0
1 ,8 7 4 ,5 8 4
3 1 ,594.24V
l,e 4 7 ,6 5 0
4 ,1 8 8 ,8 1 5
1 0 ,5 2 6 ,6 4 2
1 3 ,6 9 1 ,5 4 1
1 0 4 ,1 7 0 ,6 2 7

4 97,361
5 26,205
2 6 5 ,3 4 9
2 ,0 6 7 ,9 6 6

5 ,7 a5 ,0 9 9
5 ,1 7 1 ,5 9 2
7 ,3 0 4 ,2 2 0
3 ,7 2 3 ,6 5 9
6,03 7 ,6 5 6
2.12 5 ,0 5 4
12,796,873
2,12 2 ,4 0 6
42 ,3 3 4 ,9 5 4
2,19 1 ,5 4 6
8 ,5 1 4 ,0 4 9
1 8 ,710.755
17,623,581
1 1 4 ,4 5 1 ,4 3 4

13
8 ,7 0 0 ,0 0 0
11
9 .0 5 0 ,0 0 0
219 2 7 ,6 2 0 ,1 0 0
115 1 3 ,9 4 7 ,0 0 (
21 2 0 ,9 0 0 ,0 0 0
195 1 7 ,4 9 1 ,0 0
7
4 .1 0 0 ,0 0 0
91 10,184,0uC
5
3 ,1 5 0 .0 0 0
77
7 ,3 7 1 ,3 0 4
754 1 2 2 .5 1 3 ,4 0 4

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

1 8 .786,831
1 8 ,7 2 b ,484
5 3 ,1 4 5 ,6 6 4
2 8 ,2 1 8 ,7 5 3
7 0 ,0 5 7 ,8 1 9
4 0 ,3 9 3 ,9 8 9
7 ,4 9 9 ,5 5 2
2 4 ,2 4 2 ,9 8 6
14 ,8 6 4,81-1
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2 9 6 ,8 5 9 ,5 2 5

6 40,460
67,6*1
4 72,361
170,077
228.264
934,*74
29 7 ,7 0 9
99,48
34 5,0 0 5
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73w ,201
2 3 ,^ 5 1 ,6 6 8
2 3 .8 1 1 ,2 2 7 1 ,4 5 0 ,6 0 0
6 2 ,9 3 4 ,8 5 6 3 ,7 7 3 ,2 7 4
3 0 ,3 2 8 .9 2 b 3 ,5 7 4 ,7 2 8
8 1 ,9 0 2 ,8 2 5 1 8 ,654,942
4 2 .7 0 2 ,5 9 0 2 ,7 « 0 ,4 6 8
13,148,258 3,016,357
2 8 ,4 5 4 ,7 7 0 1 ,5 0 4 ,1 4 2
1 1 ,756,795 1 .9 7 6 ,7 4 5
20 .7 4 1 ,0 2 5 1 .7 3 1 ,1 2 9
3 3 9 ,4 3 2 ,9 4 2 3 7 ,2 0 1 .5 8 6

2 3 4 ,2 2 0
2 5 2 ,5 0 0
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15,020
5 9 ,4 6 0
1 35 00b
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4,6 76,260

4
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164 1 3 ,1 4 5 ,0 0 0
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55
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133 11,387,101:
13
5 ,1 5 0 ,0 0 0
119
7 ,6 4 8 ,1 0 0
32
2 ,1 9 0 .0 0 0
39
2 ,5 1 0 ,0 0 0
657 8 1,065,2 00

2 3 4 ,0 0 0
2 ,8 3 7 ,5 7 2
1 ,2 0 3 ,0 0 0
6 9 0 ,0 0 0
1 ,1 03,711
2 ,0 8 4 ,0 0 0
1 2 4 ,0 0 0
4 6 4 ,7 0 0
7 8 7 ,6 1 5
1 ,6 5 0 ,2 1 8
5 4 6 ,5 0 0
1 ,4 6 0 ,2 9 7
4 5 6 ,987
5 9 1 ,3 3 6
1 4 ,2 3 5 ,9 3 6

l,l* « i.4
2 4 ,6 1 5 ,7 9 9
143,447
8 ,4 4 7 ,5 1 6
4 3 8 ,8 7 6
6 ,7 3 1 ,2 6 4
4 9 ,7 « 0
1 2 ,5 4 9 ,7 5 3
1 5 ,6 6 8 ,4 0 4
2 5 0 ,0 0 0
3 ,0 3 9 ,9 8 6
4 9 ,8 2 6
8 ,0 8 b ,536
9 8 ,430
6 ,7 6 1 ,9 7 7
1 7 ,3 6 4 ,5 8 8
238,952
9 , 7 8 l,t2 5
4 6 3 ,9 7 9
1 1 ,4 0 5 ,6 1 7
3 ,8 5 6 ,2 9 5
53,534
3 ,7 0 1 ,4 1 9
149.628
133,1 5 2 ,583, 1 ,9 3 6 ,4 5 2

4 8 ,5 9 0
1,991,662
3 l,0 5 9 ,8 b 0 1,64 0 ,0 1 3
1 0 ,864,518 2 ,2 0 1 ,8 4 5
96 7 ,9 5 7
10 ,6 1 9 ,7 5 6
94 9 ,7 6 0
1 4 ,903,479
1
,6
1 3 ,3 7 6
2 4 ,5 6 8 ,0 0 9
22 9 ,3 7 8
3 ,0 4 6 ,0 0 0
1 4 ,1 9 6 ,0 7 9 1 ,0 6 1 ,1 4 2
3 0 2 ,2 3 7
8 .2 9 2 ,9 5 9
2 0 ,0 8 5 ,5 2 5 1,075,351
1 1 ,9 5 2 .3 2 3 1,530,06'"
7 3 3 .3 0 8
1 5 ,7 1 4 .0 8 4
5 ,2 3 0 ,1 5 0
2 1 6 ,9 3 5
2 6 9 ,8 1 6
4 ,2 4 5 .8 8 9
176,7 7 0 .3 1 3 1 2 ,8 5 9 ,7 7 5

6 00
1 3 9 ,5 8 0
1 0 ,8 0 0
20,000
1 1 ,760
6 8 9 ,4 6 0
9 ,9 4 0
7 3 ,7 2 0
1 3 ,8 6 0
4 8 ,7 9 0
3 7 ,5 0 0
6 ,9 6 0
i,U 9Z,b3U

2©2,000
2 ,5 0 0 ,0 0 0
5 ,6 2 5 ,0 0 6
3 ,5 9 5 ,0 0 0
6 ,4 8 0 ,0 0 0
1 8 ,4 b 2 ,0 0 0

1 2 8 ,000
1 ,2 2 5 ,0 0 0
1 ,1 6 7 ,0 0 0
7 2 4 ,3 1 7
1 ,4 6 0 ,6 2 5
4 ,7 0 4 ,9 4 2

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

49,24t
62^, 0vi2
6 ,0 3 9 ,8 9 3 1 ,8 4 8 .1 5 7
10,543,151 2 ,0 5 2 ,5 8 0
8,37 1 ,1 9 7 1 ,3 2 6 ,6 1 4
12,496,8 3 1 ,1 3 9 .7 1 0
3 8 .0 7 3 ,1 0 6 6 ,4 1 6 ,3 0 1

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

5,
4 0 0 ,0 0 0
52
8 ,8 3 7 .0 0 0
12
7 3 3 ,6 2 1
4 ,1 * 5 ,0 0 0
28
1C
7 5 0 ,0 0 0
12
6 6 0 ,0 0 0
12
2 ,5 o 0 ,0 0 0
12
1 ,1 6 0 .0 0 0
143 1 9 ,2 05 ,6 2 1

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

4 9 8 ,53u
2 0 ,6 ‘ 6.379
1 ,4 7 5 ,9 5 9
1 1 ,4 8 4 ,1 6 5
1 ,5 2 1 ,* 3 4
1 ,0 7 3 ,2 2 5
2 ,4 2 1 ,4 7 5
1 .8 2 7 ,0 7 9
4 0 .9 2 8 ,6 4 4

2
2
33
38
61
136

1 0 b ,*37
147.590
1 2 2 ,6 t 0
7 4 ,8 8 4
9 0 ,0 0 0

255,741

110,213
1 9 9 ,9 8 4
3 9 4 ,7 2 6
4 9 ,9 8 5
7 5 4 ,yOS
8 ,6 0 7
3 2 7 ,1 8 8
9 2 ,9 9 6
1 55,545
1 88,215
1 2 4 ,3 ^ 8
eoopa9|

4 9 0 ,3 3 2
2 1 ,9 2 6 ,4 6 7
1.499,463
1 2 ,7 0 7 .4 3 2
1,58 3 ,5 1 8
9 8 6 .7 2 4
3 ,6 5 3 ,7 4 1
2 ,3 1 5 ,6 3 4
4 5 ,1 6 3 ,3 1 6

285,814
10 9 ,1 1 2
2 9 9 ,2 5 5
5 9 ,2 6 6
3 0 9 .0 4 3
6 2 ,9 7 0
3 1 4 ,4 6 8
4 2 ,3 0 0
2 ,2 8 0 ,7 9 6
132,323
41 9 ,2 9 5
4 8 4 ,8 2 2
6 7 2 .5 1 0
5,4 9 1 ,9 7 4

9 5 ,2 8 2
2 ,4 9 0 ,6 7 2
194,165
1 ,0 3 4 ,1 0 0
126,465
7 3 ,7 3 0
7 6 9 ,7 1 6
2 1 7 ,5 2 5
5 ,o 0 l,1 5 5

1 80
9 6 ,897
120
110,871
1 4 ,2 0 0
2 11,698
15,150
1 02,476
4 5 ,8 0 0
1 9 8 ,8 2 9
4 .1 6 0
66.085
18 2 ,2 1 0
2 1 1 ,8 1 3
2,600
9 2 ,700
8 2 5 ,5 8 2
2 1 7 ,1 6 0
4 .9 7 0
4 7 ,9 2 6
1 9 ,0 0 0
3 4 ,« 7 4
4 0 ,9 0 0
111,958
8 8 ,7 9 0
3 0 2 ,1 9 9
6 3 5 ,2 4 0 2 ,4 4 0 .9 1 7

21,200
8.6 60

DUO
9 1 ,6 5 0
34 0
1 6 ,5 8 0
5 ,7 9 0
6 1 ,6 2 0
620
1 7 7 ,1 0 0

b 3,7 2 9
18 0 ,3 3 5
5 7 9 ,0 2 0
3 1 7 ,6 8 5
1,003,447
3 90,044
1 31,431
2 4 8 ,4 2 b
4 9 ,846
1 7 9 ,3 9 9
3 ,1 6 3 .3 4

S ilv e r Leg. tender
T re a su ry dt. U.S. CftS.
certificate
deposits.
$
$
1 14,249
294,431
8 5 ,596
1 56,659
4 5 ,2 2 3
248,771
2 ,9 3 2 ,1 0 8 9 ,7 3 6 ,1 3 0
64 6 ,6 6 2 1,957 ,1 9 2
1 8 3 ,0 4 3
607,263
3 5 8 ,5 6 5
8 9 7 ,6 6 6
4 ,3 6 5 ,4 4 6 | 13, b9 8 ,112
1 5 5 5 y l2 7 8 3 ,5 6 8 ,3 3 5
5 6 6 ,4 5 3
9 8 6 ,2 3 5
8 4 ,209
3 95,983
3 9 7 ,0 8 3 2 ,8 1 6 ,9 4 2
6 6 4 ,2 2 1 2,411,663
4,804,531 8 ,5 4 2 ,8 7 6
5 7 0 ,0 6 9 1,956,908
1,037,397 3,78 1 ,4 0 5
<23683090 104460347
1 1 0 ,0 3 5
160,099
1 ,7 7 4 .0 2 0 3 ,1 5 3 ,5 3 0
1 47,478
34 7 ,8 1 5
7 4 4 ,5 5 5
8 2 5 ,8 7 0
4 1 ,1 0 7
8 2 ,213
1 30,471
913,179
8 2 ,1 (8
3 9 8 ,6 6 2
3 ,0 3 0 ,3 2 4 5,881,368
11,031
33 4 ,5 7 1
3 4 ,8 2 3
2 83,983
1 7 1 ,6 3 2
4 8 6 ,5 9 1
5 6 ,1 8 8
3 9 7 ,3 7 3
7 4 ,0 8 7
3 4 5 ,1 3 7
2 5 ,7 7 4
2 21,726
2,050 ,1 5 7 1 .3 1 0 ,7 7 4
7 4 ,3 8 9
8 2 ,8 7 2
6 2 4 ,7 9 0 2 ,5 8 6 ,8 5 9
4 6 ,662
181,169
6,0 0 0
8 2 7 ,5 8 6
7 6 ,6 6 4
5 2 2 ,2 6 0
2 8 7 .8 3 5 1 ,3 3 5 .1 6 9
3,54 0 ,1 3 2 8,916,070*
3 6 /,b 0 5 3 ,8 8 5 ,7 7 9
5 4 ,0 0 0
9 1 1 ,0 0 0
2 6 7 ,6 7 6 3 ,0 5 9 ,0 3 8
2 7 4 .0 2 8 1,544 ,8 0 8
4 .4 2 0 ,3 7 5 19 ,1 8 5 ,8 1 2
2 7 9 ,6 4 3 1,764 ,7 8 8
8 8 ,1 2 3
6 1 6 ,4 0 6
9 5 ,0 8 8
7 0 3 ,3 2 1
2 7 ,4 0 8
5 7 7 ,1 0 2
1 1 3 ,6 6 3
6 0 4 .5 7 1
5 ,9 8 7 ,8 » 0 32,80*2,045

2 8 ,3 5 9
4 ,4 2 7
2 5 4 ,0 2 8
1 3 3 ,5 4 3
3 4 ,9 2 5
1 4 7 ,7 8 0
1 3 ,5 0 0
8 6 ,0 9 5
11 8 ,4 5 2
5 0 ,5 0 3
2 * ,9 8 2 1,396,671
3 8 ,2 7 9
6 9 ,0 8 6
14 0 ,7 0 3
18 7 ,9 9 6
7 7 ,196
4 9 ,9 4 0
9 4 ,692
2 1 7 ,4 9 3
1 63,241 1 2 1 ,0 6 2
9 3 .122
6 9 ,808
2 2 .5 7 4
2 9 ,3 5 5
4 6 .0 3 6
3 7 ,1 2 3
1 ,473,3 <4 2 ,2 9 2 ,6 3 1

1 6 4 ,8o 4
9 9 1 ,9 6 8
1 3 6 ,5 5 7
4 2 6 ,3 5 2
2 8 4 ,7 2 1
3 ,7 0 6 ,6 5 8
1 34,748
8 2 5 ,0 6 7
2 7 4 ,5 3 7
7 1 3 ,2 9 0
7 9 3 ,6 3 2
2 9 7 ,1 0 0
1 1 5 ,5 4 6
1 90,862
y .0 5 5 ,8 4 2

7 42

1,87 6
5 4 ,5 9 0
2 2 1 ,0 5 2
51,174
1 3 3 ,9 4 3
4 6 2 ,6 3 5

9 ,0 2 7
5 6 ,880
1 3 6 ,2 0 7
47,641
13 9 ,0 4 1
3 8 8 ,7 9 6

6 1 ,5 5 9
1 5 ,373
2 1 ,3 6 9
10 9 ,0 4 3

8 ,1 9 2
2 0 9 ,H 9
10,865
1 7 3 ,1 0 2
2 9 ,639
2 7 ,6 3 4
3 5 ,3 4 8
2 3 ,4 1 4
5 1 7 ,3 2 3

3 7 ,8 7 9
10,818
83.244
8 ,7 2 9
1 7 ,144
8,2 9 4
3,5 8 3
171,691

10,000

2 ,0 0 0

25,394
1 ,2 9 5 ,6 4 2
5 9 ,993
7 5 6 .9 7 2
65,960*
61,669
3 1 ,4 4 3
4 0 ,184
2 ,3 3 7.257

T otals....... ‘3 45*0 6 3 5 7 1 9 1 14*6 1 6 2 -8 59-5

1 3 0 25-2 1 4 2 47-2 35-0 1 6 8 1 2 0 1 22*4

Liabilities.
Capital.......... 5 3 4 50*8 1 4 1-6 2 2-8 1 1 7 1 3 2 2-6 3 1
S-7 9 1 3 0 9 4 1 3-2
•2
*7
•9 2-8 1-8 1 1 4
Surplus fund 1 4 7 42-4 2 ’1 1-3 1 4 5 7 4 4-5 1*3 2 2
*4
•2
lb
*2
1-2
*2
•2
*7
5*7
1
6
1
*4
2-5
1-3
*3
Undi. profits^
1-0
*4
•7
*8 1 2
•6
•B
•8
5-0 2*7 1 4
*7 3 2 i i
Circulation..
s-l 1 2 5
Due tod ep’rs 1 0 7 8 2 8 l ’B 14-8 5-8 9 2 7 3 0 0 22-5 7-9 1 5 7 4-5 1 9 4 18*8 7C-3 7-8 15-2
*3 5 2 2 4 7 5-7 4-9
D ue to banks 54*1 * 3 1 -9
•3 2-9 3'2 1 1 5 3 5 6 3 « 6 1 3 2
. *1
•5
•1
•1
•2
*1
*9
1*2
*1
*6
Other liab’s..
‘2*1-4
-* .10 ‘>.V2 1 4*2 /I 7*2 1.V0 1 OS-1
rTo,‘lO*....... *>4 5-0 6 3 5 7 1 9 1 1 4*S 1

3-8 18-5 1 6 2 4 4 4 31-6 2 2 9
•8 3-8 5*5
•2 1-2
*7
*4
•1 1-0
‘3
•2
*8
1-1 8 9 6 8
1-8 3-8 •21
*4
*1
1 « 1 «*s 1 « o

Total
Other
Cities.

Total
Reserve
Cities.

I3

1S. FranI
cisco.

1

Cleveland.

Baltimore.

Phila­
delphia.

Brooklyn..

T o ta l fo r U . 8 . . . 3 .7 7 7 6 7 8 .5 3 6 .9 1 0 2 4 6 .5 9 4 .7 1 6 11 ,5 8 6 ,8 0 0 .4 4 4 1 3 .5 69.31611.872.402.605 1 3 2 7 4 9 3 1 7 6 6 .4 5 8.1 iO 13.7V*9,5"6 '4 3 1 8 0 66 1 7 7 8 1 3 6 7 6
a
s
j
I t
-2
1
s
irt
i
s
T otals pob
Sg c «
e
|
1
oi
e
R eserve
1
3
,1
g
1$
S
1
CITI1.8, &C.
I
g
en
C|
5j
*5
Q
5
I
§
1
Resources. Mill's. Mill's. Mil's Mil's Mill's. MU's Mil's MU's MU's MU's MU's MU's Mid's. MU's Mil's MU's Mil's MU's Mil's MU's Mil's Mil's Mil'ns. MU'ns. MU’m .
9 8 1 1 ,8 7 3
891
Loans........... 1 4 8 4 3 1 0 1 9 4 7 4 87*3 3 5 ? a s-4 5-0 12*8 8*5 3 3 7 2 3 8 s i - e 13-1 11*8 2-0 1 0 9 1 0 0 2 4 6 IT-2 1 1 9 6 0
*9
'4
*4
*0 1*0
*1
*6
59 30 1 0
■9
•2
*3
*4
50
151
301
•8 3 0 1-3
1*2 1 4
94 15 4
Bds for circ.
•6
*5
*8
*3
*3
*4
•2
11
32
20 121
*1
*4
•2
*3
•1
*6 1-8
•a
*5
31
*3
*4
*2
Oth.U. 8. bds
*4
2-4
1*2
2*7
6
5
*6
9
6
174
*8
6-7
1-8
•9
*1
•3
*7
7*7 35-8 2*5
*5 3-8
*8
78
16
*4
Btkfl, bds,&c.
*5 1 8 4
387
*7 2 4 1*7 5-8 7*7 4-1
203
Due fr.banks 4 2 6 26*8 2-9 3-9 2 4 5 6*6 4 ‘8 1*1 2-4 1*8 7-2 6 1 21*7 2 9 5 0
*3
*2
94
•9
*8 1*3
56
*3
4-6 3 9 1-0 1 1
*7
•1
*2
*7 1 1
38
32 133
*4
*4
*4
•6
Real estate..
1*3
57
199
•9
*5
*1 3-H 1 0 2 3 1 4 1-5 1-8 1 4 2
7-6 77-7
*7 1 0 1 3 4 1 9
•5
•4 1 0 1*7 21*9 1 1 3 1
O.coiB&ctfs
•4
*3
*1
17
57
*2
•1 ....
•2
40
*8 2-0
•1
54
5-4
•1 1*4
•6
•8 2-3
•1
•4
*2
Bll.coin&ctfs
3 2 16-2
•6
•8
•1 1 0 8
35
143
*6
*2
•1
•4 3 ? 1 0
20
•9
*6 1*3
*8 2-6
•9 1 8 1
6 2 6 1 2 1-0
*4
L. tend notes
35
3
5
2
2
22*4
*2
1*2
1*1
U .8.ctfs. dep
44
3&
*3
12
*2
20
*8
8
*1
3
•1
2-0
•1
1-3
*6
•2
•1
1-0
•1
•8
*1
Nat.bk notes
•2
•4
*3
4
71
*7
67
*2
*3
•2
*4 1 3
*1
6 4 1 4 1-6
*1 1 4
*1
Cl’r’gH .excb
S-2 37-0
*1
•2
*2
57
•6
*4
40
25
•2
*2
15
•1
*4
*3
1
6-6
*5
*3
*2
*1
*9
*2
*1
20
21
*2
Other res’ces

si

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

1 0 7 7 9 5-1 2-5
*5 1-2
*6
21
*1
*1
•7
*1
•0
•5
*4‘
•i
1 5 0 11-8 1 0 3 4-0
14-B 1 1 0 5*9 1-0
‘2
•a.
OR *
AA *4

247
115
35
42
773
460
5
fibb i

432
679
247
133
87
52
174
132
1
,6
09
837
517
57
2t
16
.« 1

THE CHRONICLE.

Ma t 12, 1391.]

inucstm cnt

R oads.

)

811
L a te s t E a r n in g s R e p o rte d ,'

J a n . 1 to L a te s t D ate.

W eekorM o\ 1 8 9 4 . j 1893.
1894.
1893
G re a t N o r t h 'n St. P . M. A M .., M a rc h ___
7 6 2 ,3 8 3 -1 ,0 7 7 ,6 0 4 2 ,0 9 2 ,7 8 3 2 ,6 9 5 ,8 4 1
E a s t, o t MXnu .M a rc h ___
5 3 ,8 7 4
6 9 ,265
180,066
2 3 7 ,5 8 3
M o n ta n a C e n t'M a rc h ___
1 3 2 ,5 6 4 104,461
3 5 0 ,9 2 0
2 8 5 ,7 0 1
T o t. s y s te m . M a r c h ___
948,821! 1,251,331 2 ,6 2 3 ,7 6 9 3 ,2 1 9 ,1 2 6
H a r ts v illa . . . . . . U a n t i a r y . .
1,026
1,614
1,026
1 ,6 1 4
77it? I n v e s t o r s ’ S u p p l e m e n t , a p a m p h l e t o f 1 6 0 p a g e s , c o n ­ H ooa.T un . * W U.:A p ril.........
2,962
3,119
1 0 ,2 5 7
1 1 .1 6 0
3 4 ,0 5 7
3 7 ,075
t a i n s e x t e n d e d t a b le s o f th e S t o c k s a n d B o n d s o f B a i l r o a d s , H oua.E .& W .T ex M a r c h ___
1 09,234
1
1
2
,S38
H o m e st’n & S h e n !A p ril........
9,0 0 0
8,702
3 9 ,5 0 0
,7 6 4
a n d o t h e r C o m p a n i e s , w i t h r e m a r k s a n d s t a t i s t i c s c o n c e r n i n g n iln o is C e n tra l. 'A p ril......... 1,312,403 1,54 2 ,9 9 8 5 ,7 1 7 ,0 9 6 6 ,2 40 58 ,9
18
In d .D ec . A W est, jA p ril........
25,635
3 3 ,7 5 4
1 07,452
1 5 0 ,2 2 7
t h e in c o m e , f i n a n c i a l s t a t u s , e tc ., o f e a c h C o m p a n y . I t i s In .A G t. N o rth ’ll la tw ic M ay
4 3 ,921
62,455 1 ,0 4 9 ,7 5 9 1 ,4 6 8 ,0 7 5
5 3 ,7 2 3
p u b l i s h e d o n t h e l a s t S a t u r d a y o f e v e r y o t h e r m o n t h — -v iz ., U n te ro c . (M ex.) Wk A pr. 21
46,958
7 5 6 ,3 1 2
7 0 7 ,0 8 3
Io w a C e n tra l. . 4 th r t A p r
3 3 ,231
3 3 ,558
5 8 7 ,4 6 4
5 9 4 ,2 0 9
J a n u a r y , M a r c h , M a y , J u l y , S e p t e m b e r a n d N o v e m b e r , a n d i s Iro n R a ilw a y . . A p ril.........
2.931
1 4 ,5 1 4
3,499
1 3 ,1 5 7
J
a
c
k
.
T.
A
K
.
W
1 0 2 ,0 3 0 10 6 ,2 4 2
2 9 9 ,8 3 7
31 1 ,9 7 1
f u r n i s h e d w i t h o u t e x t r a c h a r g e t o a l l r e g u l a r s u b s c r i b e r s o f K anaw haA M ieh M a r c h ___
4 th w k A p r
8.383
8,933
1 1 2 ,4 9 0
110,9-15
K an.C . Cl. A 8 p . 4 th w k A p r
th e C h r o n ic l e .
6,615
6,114
9 1 ,949
9 0 ,3 3 1
K .C .F .S .A M em j i t h w k A p r
8 3 ,874
9 2 ,7 2 9 1 ,2 5 6 ,9 0 5 1 ,5 6 2 ,0 7 1
T h e G e n e ra l Q u o ta tio n s o f S to c k s a n d B o n d s , o c c u p y in g s i x K hC .M em .A B ir j l t h w k A p r
19,239
2 0 ,4 4 3
348,251
3 8 9 ,0 0 2
8,847
1,469
p a g e s o f th e C h r o n i c l e , a r e p u b lis h e d o n th e t h i r d S a t u r ­ K . C. P itta . A G .l l t h '.rk A p r
9 2 ,7 8 5
2 6 .3 5 9
K an.C . 8 u b .B e H :4 th w k A p r
2,249
2,6 0 5
5 7 ,737
5 9 ,1 8 7
d a y o f e a ch m o n th .
K an.C .W y.A N W A p ril.
2 2 ,190
2 5 ,488
10 9 ,1 3 4
1 0 8 ,0 7 7
K a n .C .A B e a l. A p ril.
812
1,032
3 ,9 0 "
4 .7 5 0
K eo k u k A W e s t. j4 « t w k A p r
9,279
8.210
124 ,0 9 '
1 2 6 ,4 8 0
L . E rie A11. A So. A p ril..........
6.835
6,0 6 6
23,685
2
8
.7 9 1
RAILROAD EARNINGS.
L. E rie A W e s t.. 4 th -wk A p r
7 4 .2 2 9
8 5 ,3 6 8
9 7 9 ,6 8 5 1 ,1 9 0 ,5 9 7
L eh ig h A H u d .. A p r il........
33,364
4 7 .0 8 4
L o n e I s la n d — A p r i l . . . . .
29 1 ,4 5 6 3 0 4 ,9 0 9
L a te s t E a r n in g s R e p o rte d , j J a n . 1 to L a te s t Date.
9 8 8 ,1 2 7 1 ,0 2 6 ,7 6 0
L ouis. A Mo. Rlv. F e b r u a r y
R oads.
2 2 ,265
29.561
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2
9
3
,6
0
3
363
,4
2
7
.
6
3
3
,3
2
8
©
al.H
a
r.A
B
.A
F
e
b
r
u
a
r
y
.
2
8
0
.2
0
8
2
7
9
,1
6
3
A p r il......j
5 9 .0 7 6
5 7 ,8 0 9 ;
2 0 5 ,6 2 0
8 0 .9 8 5
95,1 U t 1 73.143
O w n e t 'n A w t . sfamsAry*.,!
L o u in 'a W e s t.. F e b ru a ry
3,071!
3,4 8 0
3 ,0 7 8 :
3,480!
9 3 4 ,9 1 0
O r. Ba p . A to d , 4 th w k Apr?
4 1 2 ,4 8 7 . 93 1 ,8 1 0
M o rg an 'sL A T F e b ru a ry . 4 0 3 ,8 7 7
3 0 1 ,8 3 5
7 4 6 ,0 4 2
45.5 5 1
5 7 ,8 8 8 '
3 3 ,8 1 5
Cln. ft. A F h W i t h w k p r
14,582
15,0503 2 ,558
HW LTT&M ex. F e b ru a ry
ItO .i.k
1 5 6 ,879
7 ,5 8 6
1 1,260T r a v e rse C ity 4 t h w k A p rl
3 1 5 ,6 4 3
2 0 4 ,2 2 7
T s x ;A X ,O r l.. F e b r u a iy . 1 2 2 ,3 4 4 155,861
1 0 .5 JK
18,002
1 ,3 4 9
1,7.551
M a*. (4. R. A I. i t h w k A pr}
A tla n tic etfs.b. F e b ru a ry .
29,5 W
4 8 ,1 4 6
"
,053 ,9 5 8 , 2 ,0 6 2 ,8 6 6 2 ,2 4 7 ,7 7 3
2 ,3 7 5
3,838;
754,360?
9 7 0 ,058
. .473,42 i 4 ,3 5 8 ,7 3 5 5 ,0 7 4 ,2 1 0
T o ta l a h line* i t h w k A p rf
P a c ific s y s te m F e b r u a r y . .........
56,861
74,4818
C r a n - iT r a a k .,.. Wk M ay h\ 3 3 0 ,1 1 0 3 4 8,049, 5,7 80 ,3 81 6,320,5?j0
T o ta l o r a l l .. F e b ru a ry 3 ,0 2 0 ,8 7 2 .3 ,0 2 7 ,3 7 0 6,-121,601 7 ,3 2 1 ,0 8 3
Chic. A O r. r r Wk A p r.2 i 1 0 3 ,2 4 6
C oastD iv tC al.) ) F
8 7 9 ,9 0 3 1,064,286
7 2 ,8 1 9
8 5 ,520 1 ,4 2 7 ,1 6 6 1 ,5 8 8 ,7 0 1
6 34,025:
S o n .D iv .(C a ls ( i e b r y
260,665}
3 1 6 ,8 9 5
X X rt.O r.H A M Wk A p r.2 1 j
1 8 ,7 8 8 ;
20,723;
3 6 5 ,5 1 1
3 2 7 ,5 2 0
A riz o n a D iv .. F e b ru a ry
O r. P .W al. A Br J a n a a r y . ,. i
164.125; 178,100',
1 ,4 0 5
1.413
1 .4 6 5
1,415?
1 4 1 o fifi
tv fl 9 1 9
89 220
N ew H e x . D iv . -F e b r u a r y .
7 1 .8 2 4 '
2 .9 8 4
2 ,8 6 2
1 4 ,1 9 2
13,880
© n tf A Chleavo A rrrfi . . . , , , :
AND

J u tilr o a d I n te llig e n c e .

812
ROJ lDS.

THE CHRONICLE.
L a te s t E a r n in g s R eported.
1Y eeko rM o 1893-94.

1892-93,

J a n . 1 to L a te s t Date.
1 8 9 3 -9 4 .

1892-93.

917
9,477
1 7 3 ,5 9 0
3,541
2 0 5 ,5 3 1
1 7 0 ,9 7 3
3 7 6 ,5 0 4
2,149.101
14,744
2 5 0 ,0 8 4
4 9 8 ,6 0 7
2 8 0 ,9 9 4
4 2 0 ,4 1 5
7 4 ,0 1 3

1 ,0 4 6
9 .1 8 0
1 7 7 ,0 0 9
4.3 8 3
3 2 2 .3 7 1
2 5 9 ,3 2 4
5 ^1,695
2 ,4 2 8 ,5 0 5
18,181

[ vol .

4 th w eek o f A p r il.
M exican R a ilw a y .............

Bouth A N or. Car.
Bpar. U n. A C ol.
S ta te n Isl. R. T
BtonyCLAOM t..
Sum m it B ranch.
L y k en s V alley
T o t’l both Go’s
T e x a s & Pacific.
T ex.S .V a lA N .w
T ol.A .A .A N o.M .
T ol.A Ohio C ent.
Tol. P. A W est.
r o L 8t. L .A K .C
U lste r A D el ..
U n ion Paoifie—
U n. P a c. R R .
Or.S.L. & U .N
O r.Ry. A N.Co
U . P ac. D & G.
F t W’th & D .C .
S t-Jo s.& G d .Is.
Kan.C.& Om.
T ot. 8L J.A G .I.
C ent. Br............
A ch.C ol.A P >
A ch. J.C.A W 5
M ontan a U n
M an. A l.A Bur.
Gr’d to ta l. *c
W a b a sh ................
W est J e rse y ___
W .V.C en.A P itts
W est V a.A P itts.
W est. M aryland.
W est. N.Y. A Pa
W heel. A L. Erie
W il.Chad.& Con,
Wil. Col. A Aug
W righ tsv.A T en .

J a n u a r y . ..
J a n u a r y ...
M arch........
M arch........
M arch........
M arch........
M arch........
ls tw k May
A p r il.........
M arch........
ls tw k May
4 th w k A p r
4 th w k A pr
M arch ........

917
9 .4 7 7
6 7 ,8 1 8
1,457
6 9 .0 1 9
62,111
1 3 1 .1 3 0
107,341
3,6 5 2
9 7 ,3 1 8
1 5 ,3 3 9
1 6 ,8 8 6
3 0 ,1 2 0
2 8 ,3 2 1

1,0 4 6
9 ,4 8 0
63,6 5 8
1,727
1 0 2 .4 8 8
9 1 ,3 1 9
1 9 3 .8 0 7
1 1 6 ,7 4 8
4 ,5 7 6
1 7 .0 6 0
18,724
3 1 ,9 5 6
2 7 ,7 3 5

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

F ebruary . 9 9 5 ,7 7 6 ,2 6 0 .7 7 6 2 ,0 2 6 ,1 3 5 2 ,6 6 5 ,5 6 8
8 1 6 ,0 3 3
7 0 3 ,8 7 3
F e b r u a r y . 3 6 0 ,027 3 8 2 ,8 8 1
5 3 9 ,4 4 1
4 3 4 ,0 3 3
F e b r u a r y . 2 0 7 ,0 6 4 2 5 0 .3 5 4
7 0 8 .3 6 7
4 3 3 ,5 1 5
F e b r u a r y . 2 1 5 ,0 7 0 3 5 0 ,7 6 9
2 4 3 ,8 8 4
1*'8,342
F ebruary .
7 7 ,* 9 6 1 1 6 ,3 3 9
1 8 3 ,0 4 8
1 4 3 ,5 3 7
9 0 ,0 8 8
7 5 ,5 8 5
F ebruary.
3 3 ,6 2 5
2 0 ,8 7 4
1 5 ,6 1 8
1 0 ,0 9 0
February.
4 1 4 ,7 4 1
3 1 6 ,3 0 0
2 0 ,0 2 4
4 th w k Apr
2 0 .1 6 6
8 7 ,1 7 6
69,0 3 1
4 0 ,4 3 5
3 4 ,2 4 1
F ebruary .
1 0 7 ,0 0 6
5 8 ,7 6 7
4 9 ,6 0 4
F ebruary .
2 9 ,1 7 0
6 7 ,051
4 9 ,1 1 7
3 0 ,3 0 7
2 3 .2 1 9
F ebruary .
6 ,9 3 0
6,7 7 9
3 ,3 6 2
3 ,3 7 3
F ebruary .
F e b r u a r y . :,200,051 J,8 5 7 ,285 4 ,4 7 2 .8 9 2 6 ,0 1 9 .2 7 3
ls tw k M ay 1 8 1 ,0 0 0 2 2 9 ,uOO 3 ,8 2 9 ,0 6 2 4 ,4 4 1 .0 6 0
3 3 0 ,0 0 2
2 9 8 ,4 2 0
1 2 1 ,991
133,461
M arch..
2 5 0 ,5 -*2
2 1 7 ,4 4 5
9 9 ,9 0 0
7 5 .3 8 9
M arch..
8 1 ,9 7 4
8 0 ,9 4 1
36 5 8 0
3 2 .1 9 9
M arch..
2 5 6 ,9 8 2
2 3 2 .9 6 5
93,6 0 1
9 2 ,4 6 2
M arch..
5 8 .2 0 0
9 0 3 .2 5 8 1 ,1 5 9 .5 6 4
8 8 ,7 0 0
4 tli w k A p r
4 8 9 ,5 0 2
4 1 2 ,0 6 9
2 5 ,1 4 3
1 4 ,1 2 9
ls t w k M ay
1,825
1,033
1.825
1 ,6 8 3
J a n u a r y ...
5 5 ,6 2 0
5 2 ,1 5 9
5 5 ,6 2 0
52 ,1 -»9
J a n u a r y ...
1 9 ,696
2 1 ,3 3 6
6,6 1 9
6 ,’*92
M arch........

t In clu d es M ilw aukee A N orthern fo r a ll periods.
* F ig u res g iv e n do n o t in clu d e L ea v en w o rth T opeka & S ou th w estern .
a F ig u res co v er o n ly th a t p art o f m ilea g e lo c a te d in S o u th C arolina
b In o lu d es e a rn in g s from fe r ries, e tc ., a o t g iv e n sep a ra tely , t M ex i­
c a n currencv. c In c lu d e s o n ly h a lf o f lin es in w hich U nion P acific h as
-a h a lf in ter e st, d I n clu d es Ohio A M ississip pi in bo th y ea rs.

Latest Gross Earnings by Weeks.—The latest weekly
earnings in the foregoing are separately summed up as
follows:
For the first week of May our statement covers 22 roads,
and shows 15*62 per cent loss in the aggregate.
l s i w eek o f May.
B a lt. A Ohio S o u th w e st.
B uffalo R ock. & P itts ___
C hicago Milw. A St. Paul.
D e n v e r A R io G r a n d e ....
G rand rrunk o f C anada.
I n te r n ’l A Gt. N orth’n . . .

Mo. P a cific A Iron M t___
H ew Y ork Ont. & W est’n .
fit. L ou is S o u th w e ster n ..
T oled o & Ohio C e n tr a l...
W heeling A L ake E r i e ..
T otal .22 ro a d s>............
N e t d ecrea se (15*62 p.c.)

18 9 4 .

1893.

9
9 6 ,1 2 6
3 6 ,0 8 3
2 3 .0 9 8
3 0 2 .0 0 0
1 0 9 ,9b0
5 3 5 ,9 4 5
1 1 8 ,3 0 0
1 6 .9 7 3
3 3 0 ,1 1 0
43,921
1 5 9 .4 3 2
80,3 1 8
1 3 5 ,5 9 6
3 9 5 .0 0 0
6 6 ,7 8 9
2 0 4 ,0 4 9
3 4,300
6 5 ,5 0 0
1 0 7 ,341
15,339
181,0('0
14,1 2 9

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

3 ,0 7 1 ,3 3 9

3 ,6 3 9 ,7 4 ,.

In c rea se .
$

2,2 8 5

$
1 5 ,711
2,795
4 6 ,4 3 9
4 1 ,0 0 0
8 2 ,422
10 9 ,1 7 9
4 3 ,5 0 0
2,539
1 7 ,939
1 8 ,5 3 4
5,368
5 4 .3 5 4
3 8 .0 0 0
“ 6 ,5 9 3
3 ,0 0 0
1 7 ,7 0 0
9.4u 7
1,7*21
4 8 .0 0 0
1 1 .0 1 4
5 ’ 5,2 1 5
5 6 8 ,4 1 2

Our f in a l s t a t e m e n t of e a r n in g s for t h e fourth w e e k of
covers 71 roads and shows a loss of 16’16 per cent.
4 th w eek o f A p r il.
P r e v io u sly r ep ’d (19 r’ds)
A teh .T o p . & s a n . F e ........
B uffalo Koch. A P ittsb ’g.
B u rl. Ced. B ap. & N orth.
C hicago & EaM:. I lilu o is.
C hicago G reat W estern ..
Chic. P eo ria A St. L ouis.
C hicago & W est M ichigan
Oin. Ja ck so n <v M ackinaw
C lev. Cm. Chic. A St. L ..
D e tr o it Laus’g & N orth’n
D u lu th So. Shore & Atl .
E v a n s v . a In d ia n a p o lis.
E v a n sv ille A Richm ond..
E v a n sv . A Terre H a u te ..
F lin t A Pere M arq uette..
© rand R apid s A In d ia n a .
C incinn ati K. A Ft. W ..
T raverse C ity...................
M usk. Gr. K ap . ct Ind .
K a n a w n a a M ichigan___
K a n sa s C ity Clin. A S p r..
K an . C itv Ft. 8 . A M em ..
K an . C ity Mem. A B irin .
K an . C ity • ittsb . A G ulf
K an . C ity Suburban B elt.
JLake E rie & W e ster n ___
L ou isv. E v a n sv . A St. L ..
L o u isv ille A N a sh v ille ...
DouisviLIe N . A. A C hic..
M exican N a tio n a l..............

1894.

1893.

*
$
2 ,9 1 9 ,5 3 5 3 ,6 1 3 ,5 5 9
9 2 1 ,1 5 4
8 0 9 ,0 8 0
2 1 0 ,8 5 0
1 9 4 ,2 7 2
96,">05
2«;085
7 6 .2 7 4
7 8 ,1 2 0
5 2 ,7 6 5
8 9 ,9 9 0
88 ,0 u 5
7 3 ,7 1 3
2 9 ,3 * 4
2 2 ,2 0 3
4 2 ,4 3 9
3 3 ,0 3 9
1 6 ,2 1 1
14.0 7 5
3 1 3 ,8 9 0
3 3 2 ,8 6 6
2, - 95
2,9 <8
2 1 ,6 2 2
2 5 ,0 0 3
4
7
,9 5 2
3 2 .7 1 8
8 ,5 2 4
5 ,8 2 1
4,9 5 5
1 .9 4 7
3 2 ,5 2 2
2 1 ,9 7 2
5 2 ,7 1 0
7 0 ,2 2 7
45,551
5 7 ,6 6 8
1 1 ,2 3 0
7,5 8 6
1,755
1,3 4 9
2,3 7 5
3 ,8 3 6
33,2 3 1
s;< «3
8 .9 8 3
6 ,6 i 5
6 ,1 1 4
9 2 ., 29
8 3 ,8 7 4
2 0 ,4 4 3
1 9 ,2 3 9
8 ,8 4 7
1,469
2 ,2 49
2 ,6 0 5
9 ,2 7 9
8 ,2 10
7 4 ,2 2 9
8 5 ,3 6 8
4 3 ,7 1 7
3 1 ,7 8 8
4 9 7 .9 9 7
3 9 1 .0 8 5
6 5 ,lo 6
7 9 ,7 9 9
1 0 4 ,6 7 0
1 1 3 .4 9 8

In c re a se .
*
2 ,1 0 3

l,8 4 o

203

3 ,0 0 8

........

501
7 ,3 7 8
1,069

Ohio S ou th e r n ...................
Peoria D ec. A E v a n s v . . .
B iehuiond & D a n v ille ...
G eorgia P a c i f i c . .. ........
C olum bia A G r e e n v ...
Rio G rande Sou th ern ___
St. Josep h & Gd. Isla n d ..
St. L ouis A lt. A T. H aute
8an Francisco A No. Pac.
Sherm an Sh reve. A S o ...
Toledo P eo ria & Weat’n ..
T o ta l (71 ro a d s)..............
N et d ecrease (1 6 T 6 p.o.i.

1893.

$
5 7 .5 0 0
2 21,907
6 1 0 ,2 1 3
1 3 .097
1 1 ,2 7 2
15,519
1 5 9 ,7 0 2
2 0 ,4 5 7
11,644
6,0 1 4
7 ,0 7 0
6 1 ,9 0 0
2 0 ,0 >4
3 0 ,5 0 0
24,697
4.978
1 3 8 ,47L
1 6 ,8 8 6

$
6 1 .8 8 3
28 3 ,5 4 5
7 0 1 .4 5 8
16,288
17.205
18,818
1 5 9 .7 3 0
2 7 ,9 9 0
1 1 ,085
8,065
1 5 ,949
6 9 .400
2 0 ,1 6 6
3 8 ,3 1 0
2 7 ,5 0 4
6,918
1 6 2 ,0 8 2
18,724

’ ’ “ 559

7 ,0 1 0 ,9 6 0

8 ,4 4 0 ,3 0 6
..............

1 6 ,6 6 7
.............

Increase.

Decree se.

$
* .3 3 3
61,638
9 1 ,2 4 5
3,191
5,933
3,2 9 9
28

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

7 .5 3 3

2.051
8,879
5 ,5 0 0
142
7,8 1 0
2,8 0 7
1,940
2 3 ,611
1,838
1,44 6 ,0 1 3
1,429,346

The following will furnish a comparison of the weekly
results for a series of weeks past.
WEEKLY GROSS EARNINGS.

1892.
P eriod a n d n u m b e r o f ro a d s 1 8 9 3 .
in c lu d e d .
$
$
4 th w eek of O ct. (63 roads) 1 0 .7 4 6 ,9 3 2 11, 12 3 ,1 3 0
1 st w eek o f N ov. (65 roads) 7 ,3 8 6 ,7 2 3 7, 75 6 ,0 3 7
2d w eek o f N ov. (73 roads) 7 ,8 3 9 .6 1 9 8 00 2 ,5 3 9
3d w e ek of N ov. (7 4 r o a d s) 7 ,6 6 8 .3 2 1 8 , 22 4 ,5 45
4th w eek o f Nov. (74 roads) 9 ,4 9 9 ,6 47 10 5 6 3 ,8 7 0
1st w e ek of Deo. (69 roads) 6 ,7 3 6 ,5 3 1 7,,805,758
2d w eek of Deo. (73 roads) 6 .8 8 7 ,5 2 9 7,.804.281
3d w eek o f D ec. (6 6 roads) 6 ,6 5 7 ,8 5 5 7,,541,399
4th w e ek of D ec. (71 roads) 8 ,5 6 5 .5 4 3 10, 3 0 3 .7 1 6
1894.
1893.
3 8 0 ,1 0 7
1 s t w eek o f Jan. (70 roads) 5 ,4 6 9 ,1 6 0
4 * 5 ,4 6 6
2d w eek o f Jan. (72 roa is) 5 ,3 0 9 .3 8 3
,3 6 2 ,0 7 6
3d w eek o f Jau . (6 8 roads) 5 ,8 3 3 ,3 7 1
96 9 .7 1 7
4th w eek of Jan. (6 8 roads) 7 ,5 4 6 ,3 8 6
1st w eek of Feb. (74 roads) 5 ,7 5 5 ,6 2 1
4 2 6 .2 1 6
7 1 0 ,7 8 9
2d w eek o f Feb. (“3 roads) 5 ,7 2 9 ,5 1 7
95 7 .0 5 5
3d w eek o f Feb. (76 roads) 5 ,9 5 0 .7 8 1
0 6 2 ,3 6 3
4th w eek o f Feb. (75 roads) 6 ,1 0 3 ,8 0 2
9 9 1 ,3 6 1
1 st w eek o f Mch. (77 roads) 6 ,L 5 l,0 s 4
L67, v45
2d w eek of Mch. (78 roads* 6.3 <9.355
419,391
3d w eek o f Mch. (78 roads) 6 ,4 3 4 ,4 7 8
4 t b w e e k o f Mch. (82 roads) 8 , 8 0 6 ,2 2 0 10, 23 9 ,6 8 2
1st w eek o f A pr. (75 roads) 6 ,0 4 7 .2 9 8 6 , 9 9 4 ,3 0 2
2d w e ek of A pr. (72 roads) 6 ,0 6 3 ,5 3 8 6 . 9 3 6 ,7 0 2
3d w eek o f Apr. (74 roads) 5 ,9 2 3 ,2 7 0 6 i,, 758.565
4th w eek o f A pr. (71 roads) 7 , 0 10,9 >6 8 ,,440,306
1 st w e ek of M ay (22 roads) 3 ,0 7 6 ,3 2 9 3 63 9 ,7 4 1

---------C hanges.------A m o u n t.
$
P . el.
d e o .3 7 6 ,1 9 8
3*33
d e c .3 6 9 ,3 6 4
4.-77
dec. 1 6 2 ,9 5 )
203
dec. 55 8,2 22
6*76
d e l , *61,221 10*07
d el,O ' 9 ?27 13 06
d e c .9 1 6 7 5 2 11*75
d e c .883.5 44 11-71
d e l , 73 3 ,1 7 3 16*87
d e o .9 1 0 .9 4 7 14*28
d e c .6 76,0 7 8 10 42
dec 5 2 3 ,7 0 5
8*31
d e l 4 2 3 ,1 3 1 15*87
d e c . 6 i 0 ,5 9 5 10*44
dec. *8 ,272 14*62
d e l , '*06.274 14*47
d e c .95 8 ,5 6 1 13*57
dec. 3 10,277 12*02
dec. 82 *.090 11*55
deo 9->4,913 13*28
d e l. 41 3 .4 6 2 14*00
d e c .9 4 7 ,0 0 4 13*5 4
dec -7 ,1 6 4 12*67
dec. 8 3 5 ,2 9 5 12*36
d e l ,-4*2 .3 4 0 16*16
d e o .5 6 8 ,4 1 2 15*62

D ecrease.

4,5 1 8

6 ,8 0 3

Mo. Pacific A Iron M t ....

1891.

Lvin

A p r il

Decrease.
«
6 9 6 ,1 2 7
1 1 2 ,0 7 4
1 6 .5 :8
6 8 ,4 2 0
3 7 ,2 to
1 4 .2 9 2
7 ,1 8 1
9 ,4 0 0
2.L3G
1 8 ,976

Net Earnings Monthly to Latest Dates.—The table fol­
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n i c l e of April 21. The next will appear in the
issue of May 19, 1894.
/
Cross E a r n in g s .
*,
N et E a r n in g s .— »
1894.
1893.
1894.
1893.
R o a d s.
$
$
$
1 8 0 ,4 4 2
2 7 ,1 2 1
49,336
Ohio. A W. M ich........Mar.
1 4 1 ,1 8 7
4 3 4 ,3 0 9
2 1 ,9 6 3
43,591
Jan. 1 to Mar. 3 1 ___
3 6 7 ,1 4 5
1 7 ,782
1 0 7 ,0 7 6
2 7 ,9 8 0
Det. Lans. & N or.a..M ar.
9 6 .6 31
2 8 7 ,3 6 9
1 5 ,778
Jan . 1 to Mar. 3 1 . . . .
2 4 7 ,3 0 4
44,838
1 3 ,6 9 2
9,876
E d .E L m .0 o ., B k ly n .. Apr.
3 0 ,3 36
2 5 ,3 6 8
1 1 0 ,6 7 7
6 6 ,0 5 0
51,684
Jan . 1 to Apr. 3 0 . . . .
1 3 5 ,3 0 9
1 0 2 ,0 9 4
6 6 ,2 ' 0
45,941
E dison E l. II. Co., N .Y . Apr.
1 1 6 ,2 1 1
4 3 1 ,0 5 9
2 7 6 ,2 7 6
210,718
Jan . 1 to Apr. 3 0 . . . .
4 8 3 ,0 5 8
2 8 3 ,3 6 2
8 5 ,4 6 2
81,566
F lint A Pere M a r .a .. Mar.
2 5 3 ,7 5 8
7 1 6 ,7 78
1 9 0 ,3 4 9
150,250
J a n . 1 to Mar. 3 1 . . .
6 3 9 ,7 0 8
4 2 2 ,4 9 2
503,148
Illin o is C entral, .a .M a r. 1 ,4 8 9 ,8 4 7 1 ,6 6 7 ,1 3 1
Jan . 1 to Mar. 3 1 ___ 4 ,4 0 4 ,6 9 1 4 ,6 6 5 ,9 2 0 1 ,1 2 4 .0 1 3 1,212,035
J u L v l to Mar. 3 1 ___1 6 ,5 4 4 ,8 3 2 1 4 .8 6 0 ,2 8 0 5 ,3 8 3 ,6 5 5 4,075,155
2 8 7 ,2 4 6
7 5 ,3 8 i
98,994
Louisv. N. A. A C .a..M ar.
2 34,112
165,170
7 1 7 ,8 2 1
1 1 7 ,1 9 0
J a n . 1 to Mar. 3 1 . . . .
5 8 3 .9 9 6
737,226
7 6 9 .3 1 2
J u ly 1 to Mar. 3 1 ___ 2 ,4 3 8 ,7 2 1 2 ,5 1 9 ,4 8 4
*168,392
4 0 2 ,9 6 4
*156 ,9 7 5
M exican N a tion al ..M ar.
3 6 5 ,5 4 6
*415,939
*41.8,963
Jan . 1 to Mar. 3 1 ___ 1 ,0 3 1 ,5 4 4 1 ,1 4 9 ,7 9 0
122,787
4 0 0 ,1 9 0
1 0 4.359
P h iladelph ia & Erie.M ar.
2 9 7 ,3 2 5
2 .'3,524
1 9 1 ,4 2 3
Jan . 1 to Mar. 3 1 . . . .
77 1 ,9 5 1 1 ,0 * 4 ,1 6 7
9,529
2 4 ,5 8 3
5 ,9 8 5
Quin. Oui.A K .C .b .. A pr.
1 8 ,2 7 5
26,631
8 6 ,5 74
2 4 ,2 8 0
Jan . 1 to Apr. 3 0 ___
7 1 ,8 4 2
4,329
8 ,5 1 4
2 ,4 6 0
Sag. V a lley & St. L .. Mar.
7,9 2 3
6,229
2 1 ,9 1 8
5,3 1 6
Jau . 1 to Mar. 3 1 ___
2 0 ,2 7 7

a N et e arn in gs h ere g iv e n are a fte r d e d u ctin g ta x e s,
b N et earninfirs here giv e n are b efo re d e d u ctin g ta x e s .
* A fter d e d u ctin g o th er e x p e n d itu r es for repairs, rep lacem en ts and
general e x p e u ses, n et incom e ap p licab le to in ter e st on bonds in March
w as $ 7 3 ,6 6 9 , a g a in st $ 9 5 .0 1 1 la s t yea r, an d for th ree m onths to
Maroh 31 $ 2 1 4 ,3 0 9 , a g a in st $ 4 9 1 ,5 5 4 la s t year. M exican dollars arc
treated
as e q u iv a len t to 80 c e n ts U u it e i Stages m oney. auJ all deore3 ,3 8 1
1 5 ,2 3 4 ciatiou beyon d 2 0 per cen t ip charged in the ab ove item s. Adding
earn
in
gs
received from F ederal g o v e rn m e n t to ta l n e t a vailab le for
2 ,7 0 3
inrerest for th ree m on th s in Me vicau curreuoy on th e 8 0 cen ts basis
w
as
$
2
9
1
,9
7 7 , a g a in st $ 1 9 1 ,5 5 4 la s t year.
10,5 n 0
1 7 ,5 1 7
Interest Charges and Surplus.—The following roads, in
12,117
3 ,6 4 4 addition to their gross and net earnings given in the foregoing,
406 also report charges for interest, &c., with the surplus or deficit
1,461
32 7 above or below those charges.
6 00
r -ln le r ’t, r e n ta ls, etc.—. —B a t. T>f B e t B a r n s .—,
1S94.
1893.
1894.
1893.
8,8 5 5
$
$
R oads.
$
$
16,653
1 ,2 0 1 Cliic. A W est M ich...M ar.
3 2 ,6 8 3 d ef.5 ,6 3 8
3 2 ,7 5 9
9 7 ,8 4 2 d er.76.312 def. 5 4,351
9 8 ,2 75
Jan. 1 to Mar. 3 1 ___
3 56 D et. Lans. A N o r ___ Mar.
1,739
26,241 d ef. 1 2 ,0 6 2
2 9 ,8 44
8 9 ,7 7 0
7 8 ,8 * 0 d e f.7 3 ,9 9 2 d e f.34,012
Ja n . 1 to Mar. 31 —
1 1 ,1 3 9
29,705
3
3
,5
2
4
5
1
,-6
1
F
lin
t
A
P
ere
M
arq.-M
ar.
5
1
,9
3
8
1 1 ,0^9
def.2,998
3 4 ,^ 7
1 5 5 ,9 6 2
1 5 3 ,2 4 8
Ja n . 1 to Mar. 31 . . .
1 0 6 ,9 1 2
773
14,61a Sag. V a lle y A St. L ..M ar.
3 ,5 5 6 d ef. 1,096
3 ,5 5 6
8 .8 2
def.
4,141
1
0
,6
7
0
d
e
f.5
,3
5
4
1
0
,6
7
0
Jan . 1 to Mar. 3 1 . . . .

THE CHRONICLE.

Mat IS, 1894.]

ANNUAL

REPORTS.

The statem ent of earnings and income account for fo u r
years i3 as follows.

G rand R apids & In d ia n a R ailro ad .
( For the year ending December 31,1303.)
The President. Mr. W. O. H ughart, says in his report th at
the results of 1893 hare been the most unfavorable in many
years, and it may be well to state the causes in general. ‘Tn
business vour company has suffered in common w ith all the
other roads m the country, but it has been exceptionally un­
fortunate in that the Columbian Fair, which helped so many
others by the large increase in passenger traffic, proved a detri­
ment to your interests since it diverted a very large share of
the summer tourist business which adds so materially to your
revenues, and the territory traversed by your lines could not
furnish traffic to and from the fair to compensate.
“ For the first six m onths of the year a very large freight
traffic, both through and local, was presented. The almost
unequalled severity of the weather so interfered w ith the move­
ment of trains that a comparatively small portion of the busi­
ness could be moved, and that a t an excessive cost. The ac­
cumulated stocks had just commenced to move when the de­
mand began to be affected by the general financial troubles.
The traffic was also affected to a m aterial degree by heavy
snow between the middle of November and the middle of De­
cember. so that during five m onthsof 1893 it was seriously af­
fected by the weather. In order to keep alive the towns upon
your road which had previously depended upon the manu­
facture of pine, the policy of moving raw materials a t a price
but little above cost has been continued where necessary.” * *
“ The financial condition of your company has made it
necessary for years to keep expenditures down to the lim it of
immediate demand. In 1892 the necessities were such that
daring the last six months of the year this policy was pursued
more rigorously than perhaps ever before; every expenditure
which could be delayed, even for six months, being put off.
In consequence, it has been very difficult to make a favorable
comparative showing for 1893, Ttteee facts in a general way
explain the large falling off in revenue with but little reduc­
tion in expenditure#.” * * *
“ As exception has been taken to .the past method of account­
ing. due to the fact that all betterment work has been charged
ast income account instead of expenses, i t has been
[ght best, in m aking up the statement# for 1893, to include
all such expenditures in expenses, and, for the purposes of
comparison, to revise the published figures of 1892 upon that
and, accordingly, the following will show the sum of
results of all lines operated by your com pany in 1893 as
ipared with 1892:
ALL L B B .

1893.
earrings....... .................................. $?.807,237
expense#.......................................... 3,461.#50
earning*....—
—.... *343,136
o f e x p a n se # to MIBinca...........................
87 09%
leist# included in expeo*##*........« 888,6 *2
#

*

#

•

#

*

*

813

1891.
*3.233,87*
2,647.8*3
*706,2'*0
78 29

*142,132
•

EARNINGS AND EXPENSES (ON GRAND RAPIDS & INDIANA ONLY).

1890.
M iles o n e ra te d ................. .. . 42S
E a rn in g s—
S
. 7 3 0 ,2 0 4
P a s s e n g e rs ..................
F r e i g h t .................................... ,1 ,740,801
M all. e x p . a n d m is c e ll’n 's * 13 0 ,9 7 3

1891.
433
$
7 6 5 ,4 1 6
1 ,4 9 2 .6 3 4
14 2 ,3 6 3

1892.
43 6
$
7 5 7 ,4 7 7
1 ,6 1 3 ,3 3 5
1 4 5 ,8 2 8

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

T o ta l.................................. .2 ,6 0 1 ,9 7 8
O per. e x p e n s e s a n d ta x e s .1 ,7 4 3 ,0 3 3

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

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

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

6 9 0 ,2 5 0
71-24

7 3 2 ,6 5 4
70-88

3 8 8 ,2 8 3
8 2-23

N e t e a r n in g s ................. .
P e r e t. o p e r. e x p . to e a r n s .

8 5 8 ,9 4 5
6 6 99

1893.
436

* In c lu d e s i n te r e s a n d r e n t a l s .
INCOME ACCOUNT.
1890.
$
8 5 8 ,9 4 5
43 7

1891.
$
6 9 0 ,2 5 0
4,533

1892.
$
7 3 2 ,6 5 4

1893.
$
3 8 8 ,2 8 3

T o ta l................................. . 8 59.3S 2

6 9 4 ,7 3 8

7 3 2 ,6 5 4

3 8 8 ,2 8 3

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

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

5 6 3 .5 S 1
3 9 ,5 9 3
1 2 7 ,5 3 7

R eceipts—
N e t e a r n in g s ......................... ..

I n t e r e s t o n b o n d s ........... -- .
I n te r e s t o n flo a tin g d e b t.
R e n ta ls a n d m lsc ella n 's* . .

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

9 7 5 ,8 1 9
7 3 0 ,7 1 1
T o t a l................................... 8 2 9 .0 9 0 1 ,0 1 2 ,5 4 6
B a la n c e .................................g u r.3 0 ,2 9 2 d f.3 1 7 ,7 5 8 d f.2 * 3 ,1 6 5 d l.3 4 2 ,4 2 8
• In 1891 in c lu d e s * 1 4 8 .1 4 0 f o r b e tte r m e n t# a n d * 2 9 ,3 7 2 f o r e x te n d ­
in g flr«t m o rtg a g e b o n d # ; in 189*3, $ 1 8 9 ,4 7 1 f o r c o n s tru c tio n a n d
e q u ip m e n t an d 7 - l.H iO fo r e x te n d in g f irs t m o r tg a g e b o n d s : in 1 S 9 3 ,
$t>7,682 f o r c o n s tru c tio n .

Burlington Cedar Rapids & Northern Railway.
(For the year ending December 31, 1S93.J
The annual report of the President, Mr. C. J . Ives, is brief
:ts usual. He remarks th a t the year 1893 was one of extraI ordinary trial and hardship in every branch of business, and
, this road has not escaped a portion of the burden. -T h ere
i was a stead v los* of earnings darin g the year, am ounting at
! its close to $130,035 as compared with 1892. The decrease in
*earnings, however, called for a decrease in expenses, which
| after careful consideration was made, resulting in a decrease
j of expenses for the year of $114,706 and a decrease of net
I earnings of $13,329. There was, however, for this year ini eluded iri operating expenses $120,277, the corresponding
I items for which h iv e heretofore been charged to improve­
ment and to personal injury,
“ Thi* decrease m operating expenses was so adjusted as n ot
to impair the physical condition of the property, which wa»
never in better condition than at present. Im provement of
the property was, however, not pushed as in form er years.
The winter ju st passed (1894) has been a favorable one, and
the locomotive# are consequently in better condition than
ever heretofore. Besides repairing and rebuilding a large
number of cars, there have been purchased one hundred new
stock cars, the cost of which has been charged to repair* of
cars, thus keeping our cars fully up to the maximum.
•The earning# for the first quarter of the year have shown
; a decrease from last year, but so far have been met by de­
crease of expenses, which more than overcomes the loss.
The loss ha# been entirely in west-bound business coming to
u b ; the products from our own line exceeding those of any
previous year. This increase we may expect to continue .as
more wild land is brought under cultivation.”
Statistics of earning#, charges, &e.t for three years are com­
piled for the C hronicle as follows :

In the last report you were advised of the suspension of
'm eet of interest open the five per cunt bonds and the
na therefor, i n pursuance of the plans there mentioned
board effected an arrangem ent with the holders of these
is » hereby the interest w a# funded for a period Comrnsocwith the coupon# due in September, 1892, and ending with
coupons due March 1st, 1900. This interest was covered
an issue of bond scrip, dated March 4th, 1893, bearing
our per cent interest on such coupon# a# they shall become
ue, and payable on or before September 1st. 1924, th e total
the aoiout!ting to $!,498,4f>0. These have all been executed
r tS C A L RESULTS.
id placed in the hands of the Common weath Title Insurance
1893.
1892.
1891.
T rw t Company, trustee. The annual interest charge thus
1 ,1 3 4
1,134
ided amounted to $187,300.
M iles o p e r a te d . . . . . . . . . . . . . . . . . . . . . . 1,083
$
9
$
flrtr7img»~'The w ork of extending seven per cent bond# at t per cent
9 7 3 .8 1 5
9 3 8 .5 1 4
08
been slowly progressing. During the year $302,(X10 have F r e ig h t . . . . . . . . . . . . . . . . . . . . . . .. . ..2 ,97 92 *9 .7
3 .0 8 4 ,4 8 1
3 ,2 4 9 .8 1 8
,6 2 8
do extended, making a total a t the close of the year M ail, e x p re s s , dec............................. . . . 159,003
1 66,457
1 66,458
.,841,000." * * •
“ The n et floating liability s t the end of the year, without
4 .2 2 4 .7 5 4
4 .3 5 4 ,7 8 9
Toted g ro ss e a r n i n g s . . . . . . ----- ...3 ,8 8 6 ,3 3 9
3 ,0 7 8 ,4 3 5
3 ,1 9 3 ,1 4 1
ging treasury I onds, was $1,523,984, being $802,616 O p e ra tin g exp en se# a n d ta x e s . ...2 ,6 1 3 ,6 4 3
ter than at the close of the previous year, and is ne­
1 ,1 4 6 ,3 1 9
1 ,1 6 1 ,6 4 8
tted for a# follow s:
7 2 -8 6
7 3-32
paid eu rest of new steamert, “Saint# Marie” . ......... *3.674 P e r c e n t o p e r. e x p , to e a r n i n g s , . - 6 7 ‘25
of extending? percent boini... .. . ....,.*1.430
INCOME ACCOUNT,
t which lb*r« w4*.paid by 5 per coal baud.. . . . . . . . 1,600—
430
id#ce«*aBts paid,.,..................—......................
2.otto
1893.
1892.
1891.
ssru-it iiitetest on funded and floating debt prior to Jan.
$
9
H m ip ia —
I.
«-,;>!red In liabilities...
___ _— . —
53,86
1 ,1 4 6 .3 1 9
1 ,1 8 1 ,6 4 8
N e t e a r n in g * .......................................... 1 ,2 7 2 ,6 9 6
pi of not earntag-r to
.utereM, rentals and eimstrav2 2 .9 2 2
3 6 ,9 4 9
Hruetioa for 1893....................................... ......................... 3*0,997 O th e r r e c e i p ts .................................... . . 2 4 .4 1 0
$*02,991
1 ,1 8 4 ,5 7 0
1 ,1 8 3 ,2 6 8
m i 3 per cent coupon* do# Sept. 1st. 1893, and shown In Ila
D trlutl—
8 1 0 ,6 8 0
hfiit!’:* of that year, funded in 1-y J .,................................ 93.375 in te r e a t on d e b t.............................. . . . 7 7 8 ,0 5 5
7 8 8 ,1 8 0
1 7 6 ,3 2 5
3 5 ,1 6 *
*.f!)y.6Hi M iscellaneous a n d d iv id e n d # — . .. 2 9 ,2 7 9
“The item of accrued interest on funded and floating debt,
9 8 7 ,0 0 5
8 2 3 ,3 4 4
T o ta l.............................................. . . . 8 0 7 .3 3 4
i8,8S8, represent# a liability not heretofore shown in the an- S u r p lu s ................... ............................ . . . 4 8 0 ,7 7 2
1 9 6 ,2 6 3
3 6 1 ,2 2 6
3 2 3 ,2 8 1
3 3 2 ,2 5 9
aal statement#, A charge was m ade in the method of uc- A d a c a s h a s s e ts p re v io u s y e a r .. . . . 3 2 8 ,8 9 6
>unting during the year, under which the accrued interest
5 1 9 ,5 4 4
ibilitie# are shown at the e n i of each month instead of at
6 9 3 ,4 9 5
T o ta l ................................................. 8 1 9 ,6 6 8
1 0 2 ,8 7 2
7 7 6 ,1 7 0
e time of m aturity. Deducting this item, the increase in D e d u ct im p ro v s., le a se d lin e s , Jco. 6 0 3 .5 9 2
ibilitie* for 1893 would have been $155,728.
•d
ef.8
2
,9
8
5
ia
u
r.4
1 6 ,6 7 2
a
u
r.2
1
5
,0
7
6
“ In the land departm ent the sales for the year have been B a la n c e ................................ .............. .
*
T
iter#
wn,#
re
c
e
iv
e
d
fro
m
sa
le
o
f
b
o
n
d
s
$51
*,
000
;
d
e
d
u
c
tin
g th e
,020 acres for $$87,884, The am ount in aiuking fun i
deficit ienic# S4.lt.0l3.
,,
,
the en 1 of the year, us reported by the trustees, was *32.935
f R&cei ved fro m s a le o f b o n d s $ 8 ,0 0 0 , m a k in g s u rp lu s $ 4 2 4 ,6 / 1.
,887,178.” * * •

THE CHRONICLE.

814

BALANCE SHEET DEC. 31.
Assets—
1892.
■Consol. road and equip...............................*$15,867,243
Cost of leased lines...................................... 9,403,417
New equipt., etc..........................................
289,455
Interest on bonds.......................................
788,180
Dividends................................ -................
...........
Bonds and stocks owned............................
630
Bills receivable...........................................
19,392
Cash.............................................................
133,048
Cash accounts......... ..................................
170,841
Materials and fuel......................................
185,154
Keal estate and miscellaneous..................
220,816
Total....................
$27,078,176
Liabilities—
Capital stock.............................................. 5,500,000
Bonds (see S dpplem’t)................................ 15,755,000
Touchers, pay-rolls, e t o ............................
403,799
Additions, improvements and equip.......... 3,223,848
Receipts in current year............................. 1,184,570
Income account........................................... 1,010,959
Total....................................................... $27,078,176

1893.
$16,156,698
9,429,768
72,895
810,680
165,000
42,630
14,551
68,956
250,090
172,881
200,604
$27,384,756
5,500,000
15,805,000
300,454
3,223,848
1,183,267
1,372,187
$27,384,756

F lin t & P ere M arquette R ailroad .

[V ol. LV III.
Central Pacific Railroad.

( F o r th e y e a r e n d in g D ec. S I , 1 8 9 3 .)

A full abstract of the annual report with the President’s re­
marks and the balance sheet will be found on subsequent
pages.
From the Southern Pacific Company’s report we have the
Central Pacific earnings and income account for 1893, which
are compiled for the C h r o n i c l e as follows.
EARNINGS AND EXPENSES.

1891.
M iles of ro a d ( a v e ra g e ).................... 1 ,3 6 0
E a r n in g s —
$
. . . 5 ,9 4 2 ,9 8 2
P a s s e n g e r s ...........................
...1 0 ,3 9 5 ,7 7 9
F r e ig h t.................................. .
M isc e lla n e o u s .....................

1892.
1 ,3 6 0
$
5 ,6 7 1 ,7 5 3
8 ,7 0 1 ,4 7 8
2 3 9 ,7 5 9

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

1 4 ,6 1 2 ,9 9 0

1 4 ,2 6 1 ,2 2 5

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

1,630 ,1 6 5
1 ,2 4 4 ,7 5 0
4 ,6 9 9 ,2 0 4
947,772

8 ,9 0 5 ,4 1 1
5 ,7 0 7 ,5 7 9
6 0-94

8,521 ,8 9 0
5,739,335
59-76

18 9 1 .
R eceipts—
ss
R e n ta l u n d e r l e a s e . . . ....................... 2 ,1 4 4 ,4 2 5
8;4 00
O th e r r e c e i p ts .....................................
6 4 9 ,0 5 4
Sink, fu n d a n d in t. o n iu v e s t m ’s .
U n ite d S ta te s r e q u i r e m e n t s ........
6 1 3 ,5 1 6
I n t e r e s t o n C. P . n o te s h e ld b v
1 0 0 ,1 0 6
tr u s te e s o f la n d g r a n t m o r t ----L a n d s a le s ..............................................
3 5 2 ,7 7 2

1892.
$
1 ,3 6 0 ,0 0 0
2 2 ,8 7 2
5 4 6 ,0 7 6
5 7 7 ,0 4 8

1893.
$
1 ,3 6 0 ,0 0 0
1 1 .470
5 4 7 ,1 5 4
5 8 4 ,7 7 5

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

60,000
7 6 ,550

3 ,8 6 8 ,2 7 4
T o t a l..................
P a y m e n ts —
S in k in g f u n d r e c e ip ts , U . S. r e ­
q u ire m e n ts , a n d la n d s a le s a s
a b o v e, a p p lic a b le w h e n u s e d
fo r th e p a y m e n t of d e b t a n d n o t
a v a ila b le f o r d iv id e n d s .................. 1 ,7 1 5 ,4 4 8
D iv id e n d s, 2 p e r c e n t ...................... 1 ,3 4 5 ,5 1 0
M isc e lla n e o u s ...............................................................

2 ,7 0 7 ,3 1 1

2 ,6 3 9 ,9 1 9

1 ,3 2 4 ,4 3 9
1 ,3 4 5 ,5 1 0
82 5

1 ,2 6 8 ,1 7 9
1,345 ,5 1 0
453

T o ta l.................................................... 3 ,0 6 0 ,9 5 8
B a la n c e , s u r p lu s ........ ................
8 0 7 ,3 1 6
O th e r i t e m s ..............................................d r.3 3 4 ,7 5 4
S u rp lu s J a n . 1 ........................................ 2 ,9 3 5 ,2 9 8

2 ,6 7 0 ,7 7 4
3 6 ,5 3 7
d r . 5 7 ,2 8 7
3 ,4 0 7 ,8 6 0

2,61 4 ,4 4 7
25,502
d r . 26,751
3,38 7 ,1 0 8

E x p e n se sM a in te n a n c e
**
T r a n s p o r ta tt
G e n e r a l.........

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

( F o r th e y e a r e n d in g D e ce m b er 3 1 ,1 8 9 3 . J

The report of President Crapo says: “ The principal items of
interest in our operation for the year 1893 are the large de­
crease in earnings in January, February and March; the in ­
crease in earnings and expenses in April, May and June; and
the heavy decrease in earnings during the last five months of
the year. Our rail and steamer lines suffered from the most
severe winter experienced in tw enty years, w hich caused a
large decrease in earnings and heavy expenditures in the first
six months. The increased earnings in April, May and June
were com pletely absorbed in repairing the ravages of the w in ­
ter; in hauling an extraordinary amount of low-class traffic
for stocking up the small mills along the line (see decreased
earnings per freight-train mile from April to A ugust inclus­
ive); in re-laying during these months all logging and wood
tracks needed for the year; by distributing tw enty-five miles
of ballast and by doing our heavy work in maintenance of
w ay earlier in the season than usual. The prostration of the
general business interests w hich began in A ugust decreased
our rail earnings $243,929 during the last six months; while
our steamer earnings increased $66,440 in the same period,
due principally to salt tonnage.” * * *
“ Fifteen miles of new 67-lb. steel were laid in June between

P e r ot. o p e r a tin g e x p . to e a r n in g s .

55 1 0

INCOME ACCOUNT.

Wixom and Plymouth and twenty-five miles of ballast were
3 ,3 8 7 ,1 1 0
B a la n o e D eo. 3 1 ........................ . 3 ,4 0 7 ,8 6 0
3,385,858
put in the Southern Division during the early summer. The
The operations under the lease and the results to the South­
main line from Bay City to Port Huron and Detroit is now laid
with 67 and 70 lb. steel.” * * “The motive power and freight ern P a c i f i c Company, lessee, for the years ending December
and passenger cars have been kept in good repair and in ser­ 31, 1891, 1893 and 1893 were as follows :
viceable condition.
1892.
1891.
1893.
$
$
$
“The increase in steamer earnings and expenses was due to
1
6
,6
2
9
.1
0
4
g s —R R s., s te a m e rs , e tc ..
1 4 ,6 1 2 ,9 9 0
14 ,2 6 1 ,2 2 5
the fact that all five steamers were in commission during the EOathrne in
4 5 ,1 9 4
r i t e m s ........................................ .
1 3 3 ,6 6 2
58,683
whole year, handling 1,500,000 barrels of salt between LudT o ta l................................................ .1 6 ,6 7 4 ,2 9 8 1 4 ,7 4 6 ,6 5 2
1 4 ,319,908
ington and Manistee and other Lake Michigan ports. This
tin g e x p e n s e s , e to * ............. 9 ,9 0 9 ,0 5 7
9 .5 2 6 ,6 9 3
9 ,2 0 4 ,5 5 7
salt tonnage was not carried by us in 1893. The decrease in OI nptee ra
r e s t o n fu n d e d d e b t . .............. 3 ,5 1 0 ,5 5 7
3 ,3 1 6 ,3 6 5
3,293,678
net earnings for steamers is due to the loss of earnings and S in k in g fu u d r e q u ir e m e n ts .......... . 2 7 5 ,0 0 0
1 8 5 ,0 0 0
185,000
heavy expenses in the winter months.”
6 1 3 ,5 1 6
5 7 7 ,0 4 8
U n ite d 8 t.ates r e q u ir e m e n ts ........ .
584,775
2 2 1 ,7 4 2
2 7 9 ,6 6 9
B e tte r m e n ts and. a d d itio n s .......... .
267,181
The earnings, charges, etc., for four years have been :
M ile s o p e r. D eo. 3 1 .
O perations—
P a s s e n g e r m ile a g e ..
R a te p. p a ss. p . m ile
F r ’g h t (to n s )m il’g e .
R a te p. to n p. m ile ..
E a r n in g s —
P a s s e u g e r ........ ..........
F r e ig h t.........................
M ail, e x p re s s , «so. . .
S te a m e rs ......................

1890.
627

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

1891.
630

1892.
639

18 9 3 .
639

3 3 ,1 5 9 ,8 6 3 3 1 ,8 9 3 ,4 2 0
2 -386 Cts.
2-417 ct8.
1 7 2 ,4 2 2 ,2 8 1 1 4 3 ,4 3 8 ,7 3 1
0*988 c ts .
1-032 c ts .
8
$
$
8 1 0 ,8 9 1
7 9 1 ,4 7 9
7 7 1 ,0 7 6
1 ,6 5 2 ,1 6 9
1 ,7 0 4 ,0 2 6
1 ,4 7 9 ,9 1 8
8 4 ,3 8 9
8 5 ,4 4 1
9 1 ,9 5 2
3 5 3 ,1 7 4
3 0 5 ,7 6 8
3 8 2 ,2 9 1

T o ta l g ro ss e a r n s .
O p e r. e x p . & ta x e s .

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

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

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

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

N e t e a r n in g s ..........
p .c . o f op. e x . to e a r n .

8 3 1 ,1 6 6
6 9 -8 6

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

8 6 1 ,9 6 0
7014

6 5 8 ,1 8 3
7 5-85

INCOME ACCOUNT.

-Net. e a r n i n g s ............
D e d u c t—
I n t e r e s t on b o n d s A
flo a tin g d e b t ..........
D iv id e n d s ...................

1890.
8
8 8 1 ,1 6 6

18 9 1 .
$
8 6 1 ,2 1 3

18 9 2 .
$
8 6 1 ,9 6 0

1393.
$
6 5 8 ,1 8 3

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

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

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

0 0 5 ,1 6 1

T o ta l d is b u rs e m ’ts
B a la n c e l o r th e y e a r

8 7 5 ,2 0 4
s u r. 5 ,9 6 2

8 3 5 ,4 5 1
s u r. 2 5 ,7 6 2

8 6 1 ,6 2 1
6 0 5 ,1 6 1
s u r. 3 3 9 8n r. 5 3 ,0 2 2
GENERAL BALANCE DECEMBER 31.
18 9 1 .
1892.
1890,
1893.
A ssets—
$
$
8
$
R o a d a n d e q u ip m ’t . . 2 0 ,5 0 6 ,7 2 3 2 0 ,9 4 3 ,8 6 9 2 1 ,2 3 7 ,2 5 6 2 1 ,3 4 5 ,5 0 0
S te a m e rs
................
4 5 3 ,5 6 4 iSSTO 4 5 3 ,5 6 4
4 5 3 ,5 6 4
4 5 3 ,5 6 4
S to c k s a n d b o n d s . . .
4 3 7 ,4 4 4
4 3 7 ,4 4 4
7 0 6 ,3 0 0
7 0 6 ,3 0 0
M a te ria ls a n d s u p p l’s
1 4 2 ,4 5 0
1 1 5 ,6 9 *
8 6 ,3 1 5
8 5 ,0 1 6
U n c o lle c te d e a rn in g s
1 1 0 ,7 4 9
1 0 4 ,6 6 5
1 0 3 ,6 9 9
8 7 ,5 4 6
•Cash................................
9 5 ,2 5 8
1 3 3 ,7 5 4
0 6 ,4 5 0
6 8 ,9 9 0
M is c e lla n e o u s ______
4 6 ,4 4 1
4 6 ,3 9 2
4 7 ,7 2 5
1 4 1 ,9 1 9
T o ta l....................... 2 1 ,7 6 3 ,7 7 2 2 2 ,1 9 8 ,2 2 3
L ia b ilitie s —
S to c k , c o m m o n .......... 3 ,5 0 0 ,0 0 0
3 ,5 0 0 ,0 0 0
S to c k , p r e f e r r e d ........ 6 ,5 0 0 ,0 0 0
6 ,5 0 0 ,0 0 0
B o n d s (See S u p p l ’t ). 9 ,5 7 9 ,0 0 0
9 ,8 8 9 ,0 0 9
B ills p a y a b le ................
4 2 0 ,5 0 2
4 7 8 ,6 7 7
I n t . a n d d iv id e n d s ..
2 7 2 ,2 0 2
2 3 7 ,9 0 8
S ta te o f M ic h ig a n ...
5 3 ,3 2 9
5 5 ,8 8 3
D e m a n d lia b ilitie s ..
2 6 3 ,1 4 6
2 9 8 ,2 3 2
M isc e lla n e o u s ......... .
3 ,5 0 0
P r o f it a n d l o s s .......... 1 ,2 0 6 ,3 8 7
1 .2 0 4 ,2 2 8
T o t a l....................... 2 1 ,7 6 3 ,7 7 2

2 2 ,1 9 8 ,2 2 3

2 2 ,7 6 7 ,3 2 9

2 2 ,8 8 8 ,8 3 5

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

3 ,5 0 0 ,0 0 0
6 ,5 0 0 ,0 0 0
1 0 ,2 1 9 ,0 0 0
7 1 4 ,5 9 8
1X 7,026
6 7 ,2 5 9
2 4 1 ,2 9 6
2 3 ,1 4 8
1 ,5 0 0 ,5 0 8

2 2 ,7 6 7 ,3 2 9

2 2 ,8 8 3 ,8 3 5

T o t a l.............................................. .1 4 ,5 2 9 ,8 7 2
N e t p ro f it f o r y e a r ......................... . 2 ,1 4 4 ,4 2 6
B a la n c e to m a k e u p r e n t a l ........

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

13,535,191
784,717
575.283

R e n ta l p a y a b le b y So. P a o . C o .. . 2 ,1 4 4 ,4 2 6

1 ,3 6 0 ,0 0 0

1,360,000

'I n c l u d e s a lso la n d e x p e n s e ,, ta x e s , r e n t a l a n d i n t e r e s t o n flo a tin g
d e b t.

W estinghonse E lectric St M anufacturing Company.
( F o r th e y e a r e n d in g M a r c h 3 1 ,1 8 9 It.)

This company issues its report promptly after the close of
the fiscal year. Mr. Geo. Westinghouse, the President, re­
marks in his report that “ from the balance sheet it will be
noted that the net profits from manufacturing and other
sources amounted to $1,640,809, after charging to operating
expenses, as heretofore, large sums for alterations and addi­
tions to buildings, for maintaining the machinery and tools
in the highest order, and all sums paid for interest and dis­
count, excepting interest on bonds and scrip, which has been
charged off direct to surplus. It will be seen that a large re­
duction in accounts payable, bills payable issued for merchan­
dise, and those discounted with collateral has been made from
the profits of the company, which further illustrates the care­
ful manner in which the officers of your company have con­
ducted its business. By the recent sale at par of the pre­
ferred stock which was in the Treasury of the company, the
bills payable have been further reduced since the 31st of
March, so that on May 9th there were outstanding only
$560,982 of bills payable of all kinds, of which $37,869 were
issued for merchandise.”
As to the W ood’s Fair lighting contract and exhibit, it is
stated that “ theamount of the contract for lighting was $399,000, and for extras under ihe contract $88,704, making the
total received by the company $487,704. All goods shipped
to the Fair were charged at the cost of labor and material
\\ ith 20 per cent added. After charging the account with all
costs of every nature in connection with the running of the
plant and of the exhibition, and crediting it upon the return
of the material with the net cost of labor and material, it
shows a net cost to the company of only $16,013 for a
grand display of the company’s apparatus, the advertising
effect of which has been invaluable. The price at which the
lighting apparatus used at the World’s Fair, and the appi-

THE CHRONICLE.

Ma t IS, 1894,]

815

ratus used for exhibit ha3 been sold, w ill yield a handsome up to May 26 on paym ent of $10 a bond, or up to Ju n e 9 on
payment of $30. Non-depositing bondholders can only re ­
profit to the company.” * *

As to the Niagara Falls power transmission, it is said: “ The
awarding to your company by the Cataract Construction Com­
pany of the contract for three 5,000 horse-power generators
for the transmission of the power of Niagara Falls to Buffalo and
other points was an event of more than ordinary importance.
The officials of the Cataract Construction Company had em­
ployed the most renowned electrical engineers of the world and
had" spent some years in a full investigation of the subject and
finally contracted w ith your company because of a belief in
its ability to successfully carry out such an im portant under­
taking. "The transmission of power by means of these gener­
ators involves the use of your company’s Tesla patents
covering the system of multiphase motors, and therefore the
successful starting of this plant cannot fail to have a great
influence in the development by your company of other
plants for the transmission of power from w aterfalls to remote
points, by reason of the experience gained in this instance,
and by reason of the ownership of the controlling patents.
The three generators contracted for will soon be completed
-and put in operation.”
The successful use a t the W orld’s Columbian Exposition of
the stopper lamps m anufactured by this company and their
large use in general lighting are said to have placed the com­
pany in a position to protect all of its customers from the
aggressive action of the owners of the Edison patent covering
the all-glass globe form of lamp. A steady advance has been
made in the method of m anufacture so that the company is
to-day producing a lamp which it is claimed has no superior.
In the last annual report the directors announced that they
bad accepted a proposition of the E ast Pittsburg Improvement
Company to erect a new manufactory upon a site of 23 acres.
In consequence of the general depression in business, the let­
ting of the work was deferred until January, when contracts
were awarded at very low rates for the erection of a tw o-story
m achine shop 750 feet long and 230 feet wide, a two-story
warehouse 750 feet long and 75 feet wide, and a boiler and
power house, the whole having a floor space of over ten acres.
To these buildings there will be added in tim e a foundry,
blacksmith shop and one or two other unimportant buildings,
making the whole plant when completed a most comprehen­
sive one in every respect.
Tile new' works of the company are expected to be completed
and occupied during the present year, so that all of the manu­
facturing will be concentrated and large savings thereby
effected.
tuLAXCK s i n t e r w h i c h 3 1 , 19 9 4 .
S U fU .
C.ivli In b a s k s ,. .. .* . .. .- . ...........
............................
BUt* r e c e iv a b le ................... ..... ...............................................................
A eem iiiU re c e iv a b le
.......... .
.......
k a t e r l a t l a lU ie k a t d to p r o r e , , Dll' lu a n u f .ic iu r e t a t c o a t
o f l a b o r ao<! m a te ria l* ...............................................- ................
A d v a n c e * to trsaved •••.u.p ud*** .................................... .
Ipar va lu e, s i I’d . i W l . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
v- -p a r v a lu e . •U .V -S M J •> .................................

1

1 ,5 1 5 ,4 7 2

100,124

Beal estate and buitdtogs.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and tool*............................................................ .

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

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

4 .3 7 9 .8 3 1

.M isc e lla n e o u s.,. . . _______ . . . . . ___ . . . . . . . . . . . . . __ . . . . . . . . . .

m

•325,694
373,14V

s .M b .m

0 6 ,3 3 8

T o ta l a sa e ta ............................................................................. ......... • 1 4 ,7 3 2 ,3 1 4
l. tu&'il If tea—
•311.749
A reom st* p a y a b le ...........................................
..................
110,933
BUI# p a y a b le , is s u e d f o r n ie r e b a n d is e ....................................
8 9 7 ,3 0 0
Irtv eu B ated * i : h c o ib H e ra l...................................... .....................
Coulrar’i tin d c o tttin 'jrt.l Im b U tH 't —
1 9 4 .5 6 0
S e r i ; - i t i i !■!'"!: * ....................................................................................................
1 3 ,1 2 5
B to c it s u b s c rip tio n * .............................
.......................
V . 9. E . I . t e C o.'* 8 p e r c e n t 13 y e a r b o n d * , • 5 0 ,0 0 0 p a y ­
5 5 0 ,0 0 0
a b le a n n u a l ly ............... ........... ................................................ . . .
i
HUi * re c e iv a b le u n d e r d is c o u n t, • 5 2 8 ,5 5 0 ).
C a p ita l W o rk—
P r e f e r r e d . 73.430-31 s h a re * ..........................
•3 .8 7 1 ,9 8 3
A iw elilissr, 1 0 3 ,3 0 9 6 2 S h a re * ............ ..................... 3 ,1 8 5 .4 8 1
C oaunoE ,
3 ,5 * 3
s h a r e * ...................... - ...........
1 7 9 ,ISO
9 ,0 1 6 ,5 9 0
-fin T r e a s u ry C .V 0 8 9 s h a r e s [’r e f e r r e d :
a n d I 2 , i 0 7 ’3 3 s h a re * A sscu U iif.}
Awrafw*
B alM .ee M eb. 3 1 , 1 8 9 * ................................. .............. • 2 ,7 5 7 .0 4 ‘J
T w e lr* m o n th * n e t e a r n in g * fro m
b a sln e s * ................ s c .......... . . . a . . e . . * l , e i 0 . 5 M ,

Wtijm © liter

XL®*#

******..»»**

30,304 X,040*809
# 4 ,3 8 8 ,4 5 8

uwmn% w T tiie a off it* adJiMt-

8361*4of usatten Mudlog iu IW j Q
mm. 1881**..... * . . . . . . . . . . . . . . . . . . . . # 1 8 ,1 9 8
JKilo la •arrant jr§*r«» . . . - » • « 2 5 3 , 3 2 3

27t«S2l
# 4 ,1 2 0 ,9 3 8

4 a l 0 f i # i fm b©a8*-*w.A-.«■»*****»*.-#«
I.a:S0r*'Sl 6 a <MSfI p .—«*-.**•
»
I d s k p - A l * . ............................ ...

# 3 6 ,8 0 0
11,6751
257,21-1

1 0 4 ,8 8 8

3 ,8 2 2 ,0 4 9
, § 1 4 ,7 2 2 ,3 1 4

G EN ERA L IN V E S T M E N T NE W S.
A tlantic <k D anville,—Ttw Atlantic & Danville, which w w
B.
mrchmmd a t the fm ecKowce sate on April 8 by Me

Newgaat dfc Uo., Load*:ns* wilt t:ib reorganized w ith a capitalIzatiofi of §1,590,000 fIrut tuott gage 5 per cent bonds, $$ 200,tnd §2,590,990 commori
000 ptthn& d 5 p**r e#t
3 vy 25 per cent aasesstn1**13fi, reBondholders will t* ;
©tirifig 23 per cent in :n&w bonela for the c»sh paymen t and 60
ptii cmnt in preferred tmd 40 pe:r cent in common aloctt in cxChsuagfe lo t their old 1*3wl$* JEkmd holders who have not yet
deposited their bonds 'with the Mercantile Trust Go. a aa do so

ceive such proportion as m ay be due them from the fore­
closure sale. The price paid a t the sale for the road and its
equipment was §1,105,000.
Chicago P as.—Chicago dispatches report th at the counsel
for Chicago Gas has filed a petition in Judge W indes’ Court to
transfer the quo w arranto to the Federal Court, and the case
will go to th at Court, w hich will decide if it has jurisdiction;
if it has not, the case will be rem anded back.
Chicago H reat W estern .—It is reported from London th a t
the debenture bondholders and the series “ A ” preferred stock­
holders will subscribe for $2,500,000 of preferred 4 per cent
stock at 80, to clear off current liabilties and pay the esti­
mated cost of improvements up to the end of 1898.
Delaware A Hudson C anal.—The Olyphant board was this
week elected w ithout opposition, according to the plan m en­
tioned in last week’s C n ronici-E, where the directors’ nam es
were given. The board of managers organized and elected
the following officers : R. M. Olyphant. P re sid en t; Jam es
Roosevelt, Vice-President; H. G. Young, Second Vice-Presi­
dent : C. A. W alker, Treasurer ; F. Murray Olyphant, Secre­
tary. The transfer books close .May 31 for the subscription to
the"new issue of §5,000,000 stock a t par, which was duly a u ­
thorized by vote.
Indianapolis D ecatn r & S pringfield.—The property and
franchises of the Indianapolis Dec itu r & Springfield Railroad
were sold at auction in the New York Real Estate Salesroom,
111 Broadwav, on Thursday, by order of Benjamin A. Sands
and R. B. F. Pierce, trustees. George Sherman, of the Cen­
tral Trust Company, was the purchaser, bidding $1,800,000 in
behalf of the first mortgage bondholders.
Before Mr. Sm yth, the auctioneer, announced the sale,
H-nry B. Johnson, counsel for the second m ortgage bond­
holders and Reorganization Committee of the Indianapolis
Decatur & Western Railroad, read a protest against the sale
of the road on the ground that it was contrary to tbe laws of
Indiana and Illinois *o sell the road outside of these States,
and also on the ground th at it was already sold, and th a t the
time for d o tin g the contract had not expired. The protest
was signed by Richard L. Ashhurst and ethers, bondholders
of the Indianapolis Decatur & W estern Railroad, and Thomas
B. Alkies and others for the Indianapolis Decatur & W estern
Reorganization Committee, Another protest was read from
the Illinois Central Railroad against the sale of a small strip
of land in Tuscola, 111., of about one acre. A fter the reading
of these protests George Sherm an, of the Reorganization Cotnmitt> t; of the first mortgage bondholders, offered $1,800,000,
and as this was the only bid the railroad was knocked down
to him at th at figure.
Jack so n v ille S o u th eastern ,—A Chicago dispatch says the
receiver of the Jacksonville Southeastern Railroad has been
authorized by the United States Court to issue $300,000of cer­
tificate s a t fl per cent, payable at New York in two years or
ssoontr; $75,000 of the am ount to be used for rolline stock.
LobIstIH c S o u th ern .—It Is reported from Louisville that
Messrs, Drexel, Morgan & Co, have purchased the bonds of
those holders of Louiiville Southern opposed to the Richmond
Terminal reorganization plan, and the Louisville S iu th ern
passes into the reorganized Richmond Terminal system.
Marietta & N orth G eorgia.—A dispatch states th at at the
sale of this road at foreclosure, advertised for the 8th inst.
at Atlanta, there were no bidders. There had previously been
an application to remove the receiver.
New fork & New E n g lan d .—The Reorganization Com­
mittee gives notice that any holder of second mortgage bonds
* ho dejositH the same with the Manhattan Trust Co. in New
York or with the Old Colony Trust Co. io Boston, under the
plan of the committee, shall, if he so desire, b- entitled in the
reorganization to receive cash to the am ount of the par and
interre’, of the bonds so deposited in lieu of cash and new
bonds. W ritten notice of such desire to receive all cash m ust
lie flleJ with the Trust Co. with which the bonds are deposited
at the time of making such depositor within th irty days
thereafter. Tbi# modification of the original proposal is u n ­
derstood to be satisfactory to the second mortgage bond­
holders.
—In Boston, May 8, an application was made to th e Circuit
Court for permission to is*ue $1,500,000 receivers' certificates.
The press di-patch says this action has been contemplated for
some time, and the proceeds of the certificates, if their issue
is allowed by Judge Colt, will be used to pay off the more im­
mediate obligations of the company. The trustees of the
first, second and terminal mortgage bonds are mads defend­
ants in tbe m atter. The application calls for the appoint­
ment of a special master by Judge Colt to hoar the facts and
tako testimony in th>* case. W hen he has done this he will
report hi# findings to the Judge, who will make the final de­
cision,
—In !he Mass, Legislature a petition was presented May 10
by Gordon Abbott and others for an act incorporating the
New England & New Y ork Railroad Company. The petition
includes a bill for the incorporation of a company to take
over a - -iicci ---r the New York & New England Rriiroad.
The incorporators named in the bill are Gordon Abbott, Francis
C, Lowell, Charles Francis Ad ams, 2d, A, 8. Bigelow, Stephen
M. Wi ld, A. C. Tower, T. JefferBonCoolidge, J r ., H enry W.
Cannon and John I. W aterbuty. The capital stock and
bonded indebtedness are li ire ted to the needs of the proposed:

THE CHRONICLE.

816

reorganization plan of the New York & New Eigland Com­
pany, with the permission of the issue of further bonds and
stock only in accordance with the laws of the State.
New York Central & Hudson River.—The corrected state­
ment for the quarter and nine months ending March 3i shows
the following :
— Q u a r. e n d . M ar. 3 1 .— ,—9 m os. e n d . M ar. 3 1 .- ,
18 9 3 .
1894.
18 9 2 -3 .
18 93-4.
M iles o p e r a te d .............. 2 .0 9 6
2 ,3 9 5
2 ,0 9 6
2 .3 9 5
G ro s s e a r n in g s ........... 1 0 .7 0 6 ,8 6 0
9 ,7 2 2 ,8 5 4 3 4 ,9 7 2 ,7 1 0 3 3 ,7 6 2 ,6 1 3
O p e r a tin g e x p e n s o s .. 7 ,3 2 5 ,3 5 9
6 ,2 7 6 ,3 9 3 2 4 ,0 4 1 .4 3 4 2 2 ,5 3 3 ,8 1 2
P . e. e x p . t o e a r n . . . (68*42)
(64*55)
(68*74)
(61*92)

N e t e a r n in g s .......... 3 ,3 8 1 .5 0 1
F i r s t c h a r g e s ............... 2 ,5 5 6 ,1 1 6
P r o f it.......................
8 2 5 ,3 8 5
D iv id e n d s <14» q u a r.) . 1 ,1 1 7 ,8 5 4

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

3 ,4 1 1 ,0 6 1
3 ,3 5 3 ,5 6 1

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

B a la n c e ...................d e f.2 9 2 ,4 6 9 d e f.2 5 5 ,7 0 2 s u r. 5 7 ,5 0 4 s u r. 1 7 ,312

New York Stock Exchange—New Securities Listed.—The
Governing Committee of the New York Stock Exchange have
added to the lists for dealings the following :
B r o o k l y n C it y R a i l r o a d C o m p a n y . —$ 4 ,1 4 0 ,0 0 0 o f t h e $ 6 ,0 0 0 ,0 0 0
f ir s t 5 s o f 1 9 4 i u p o n c o n s o lid a t e d p r o p e r tie s , to b e k n o w n a s fir st c o n
g o lld a t s d m o r t g a g e b o n d s.
C h e s a p e a k e & O h io R a i l w a y .—$ 5 4 ,0 0 0 a d d itio n a l f ir s t c o n s o l. 5 s ,
m a k in g t o t a l li s t e d $ 2 3 ,4 5 2 ,0 0 0 .
E d i s o n E l e c t r ic I l l u m in a t in g C o m p a n y o f B r o o k l y n — $ 5 0 0 ,0 0 0

s to c k , m a k in g t o ta l lis te d $ 3 ,0 0 0 ,0 0 0 .
u p o n th e l i s t u n til M ay 2 1 .

T h e n e w s to c k is n o t to go

M o n t a n a C e v i r a l R a i l w a y .—$ 7 0 0 ,0 0 0 f ir s t g o ld 5 s , m a k in g t o t a l
li s t e d $ 2 ,7 0 0 ,0 0 0 .
8 t . P a u l M i n n e a p o l i s & M a n it o b a .—$ 1 7 8 ,0 0 0 c o n s o lid a te d 6s

( in t e r e s t s ta m p e d
$ 1 8 ,5 6 3 ,0 0 0 .

ra d u o e d to

4>s p e r c e n t), m a k in g t o t a l lis te d

S o u t h C a r o l i n a R a i l w a y . —N e w Y o rk G u a r a n ty & In d e m n ity
C o m p a n y ’s e n g ra v e d c e r tific a te s o f d e p o s it fo r * 4 ,2 0 9 ,0 0 0 f ir s t c o n ­
s o lid a te d m o rtg a g e b o n d s , c a r r y in g c o u p o n o f O c to b e r 1, 1 8 9 1 , a n d
a ll s u b s e q u e n t c o u o o u s, a n d a lso o e rtid o a te s o f d e p o s it fo r $ 5 4 4 ,0 0 0
o f s a id b o n d s, c a r r y in g c o u p o n s o f A p ril 1, 1 8 9 2 , a n d a ll s u b s e q u e n t.
So uth ern P

a c if ic

R a i l r o a d Co m p a n y

of

Ca l i f o r n i a — : i o ! , 0 0 0

f ir s t c o n so l, g u a r a n te e d g o ld 5 s, m a k in g t o ta l lis te d $ 1 2 ,6 0 0 ,0 0 0 . A d­
d itio n a l b o n d s o f tn is Is su e to th e a tu o u u t o f $ 1 .0 10,000 m a y bo lis te d
b y t h e C o m m itte e o n S to o k L i s t a s is s u e d in e x c h a n g e f o r u n d e rly in g
b o n d s.
U n i t e d N e w J e r s e y R a i l r o a d & C a n a l C o .— $ 2 ,0 0 0 ,0 0 0 a d d it io n a l
g e n e r a l 4 s, m a k in g t o t a l li s t e d $ 5 ,6 4 6 ,COO
U n i t e d S t a t e s C o r d a g e C o m p a n y .— T h e c o m m itte e re c o m m e n d s
t h a t $ 6 ,0 7 6 ,0 0 0 f ir s t m o rtg a g e a n d c o lla te r a l t r u s t s ix p e r c e n t g o ld
b o n d s o f 1 9 2 4 b e a d m itte d to th e lis t. A lso t h a t th e C o m m itte e on
S to c k L ist b e e m p o w e re d to a d d to th e lis t $ 3 6 ,0 0 0 a d d itio n a l b u n d s
o f tills is su e , a s u n d e rly in g b o n d s m a tu r in g In 1 8 9 1 a r e p a id . C o m ­
m itte e a lso r e c o m m e n d s t h a t $ 206,000 c o m m o n s to c k , th e $ 6 ,0 0 0 ,0 u 0
g u a r a n te e d s ix pel* c e n t s to c k , a n d $ 5 1 8 ,7 0 0 p r e f e r r e d s to c k b e a d ­
m itte d to th e lis t, a u d a lso t h a t th is c o m m itte e be e m b o w e re d to a d d
th e b a la n c e o f c o m m o n a n d p r e f e r r e d s to c k s a s n o tifie d o f Its is su a n c e ,
t h e s to c k s o f th e N a t io n a l C o rd a g e C o m p a n y t o be re d u c e d a c c o rd in g ly .
[T h e a p p lic a tio n in fu ll is g iv e n o n a s u b s e q u e n t p a g e .]
W e s t e r n N e w Y o r k & P e n n s y l v a n i a — C o n tio e n ta l T r u s t C om ­
p a n y ’s e n g ra v e d c e r tific a te s o f d e p o s it fo r seo o n d m o rtg a g e b o n d s.

[V ol . LV III,

hereto for the purpose of acting thereon; and if any plan of
reorganization be approved by a majority of two thirds in
interest of those who shall attend such meeting or be repre­
sented at the same by proxy, the plan so adopted shall be
binding on all the subscribers hereto.
If opportunity should arise for making a settlement of the
claims of the bondholders under the interest coupons in de­
fault the committee is authorized to make such arrangement
or settlement without calling a meeting of the bondholders,
provided however that the committee shall not make any
settlement by the terms of which the interest coupons in de­
fault are not to be paid in cash.
For the purpose of meeting the expenses of the com­
mittee and carrying into effect the provisions of this agree­
ment, the committee is authorized to borro w not more than
one half of one per cent of the par value of the general
mortgage bonds, upon the pledge of each bond which may be
deposited with it; and at the settlement under any mortgage
sale of the mortgaged premises or upon the earlier termin­
ation of this agreement, the amount so borrowed by the com­
mittee shall be paid by each of the parties interested accord­
ing to the number of the bonds held and owned by him, or
shall be deducted from the amount due and pavable to him.
When, in the judgment of the committee, this agreement
has been signed by the holders of general mortgage bonds to
a satisfactory amount, the committee will make announce­
ment thereof, and thereupon this agreement shall become
effective; but no subscriber shall be deemed to haveany rights
under this agreement unless he shall deposit his bonds as re­
quired by said committee.
—A conference between Reading receivers and representa­
tives of the Olcott Committee was held on Thursday and the
proceedings were reported to be harmonious. Another con­
ference will be held shortly and it is expected that a plan of
reorganization which will be acceptable not only to Olcott
Committee but to other contending interests will be pre­
sented and adopted.
The Fitzgerald Committee have prepared an agreement
by the terms of which the committee is appointed the at­
torneys and agents for the collection of unpaid interest on the
bonds owned by assenting depositors and are empowered
generally and specifically to demand payment of said interest
and the" principal of the bonds, to demand that the trustee
under the mortgage begin foreclosure pioceedings and take
any action which mav be necessary to enforce the rights and
claims of the bondholders.
The committee may prepare and adopt a plan for reorgan­
ization, wiih or without foreclosure, and negotiate with the
different bondholders, creditors and stockholders in devising
and carrying out such plau. When the plan is completed it
shall be lodged with the Mercantile Trust Comptny in New
York, and at Philadelphia with the Commonwealth Title In­
surance & Trust Company, and at London with such agent as
the committee may appoint.
P ittsburg Junction.—It is stated that at last week’s
special meeting of stockholders in Pittsburg it was decided to
issue $250,000 new stock and to also increase the bonds by a
similar amount. The additional stock to be issued is to rep­
resent the earnings expended in betterments. The proceeds
of the bonds are to be used to make further improvements.

Norfolk & Western.—It is announced that the directors of
the Norfolk & Western Railroad have sold 20,000 shares of
preferred stock, this being the balance of the shares author­
ized by resolution of the stockholders of May 4, 1892. Tne
new issue is for the purpose of reimbursing the company for
advances made out of its earnings for the acquisition of the
stock of the Columbus Connecting & Terminal Railroad
Company, and for other expenditures properly chargeable to
construction account.
Railroads in New York State.—Reports to the New
Pennsylvania Poughkeepsie & Boston.—Counsel for the
Holland Trust Company of New York have filed a bill in York State Railroad Commissioners for the quarter ending
equity in the United States Circuit Court in Philadelphia ask­ March 31 sbow results as below. We have, in addition,
ing for a decree in Pennsylvania to foreclose the mortgage compiled the figures for the nine months of the fiscal year.
which secures the bonds of this railroad, now in the hands of
MANHATTAN ELEVATED.
Henry H. Kingston as receiver of the property. It is said to
e—Q u a r.e n d . M ch. 31.—
s /—9 m os. end. M ch .31.—
.
be an amicable suit, as the Trust Company desires permission
1693.
1894.
1892 93.
1893-94’
to bid for the railroad company’s property at the sale in the’
$
$
$
$
G ro ss e a r n i n g s .......... 2 ,7 7 6 ,4 6 7
2 ,5 6 0 ,7 5 5
8 ,2 0 6 ,7 9 7
7 ,6 6 7 ,9 1 0
interest of the bondholders.
O p e ra tin g e x p e n s e s . 1 ,4 3 0 ,3 7 4 1 ,3 9 8 ,5 7 3
4 ,1 3 6 ,0 4 2
4 ,0 9 1 ,9 1 9
Philadelphia & Reading.—The general mortgage bond­
N e t e a r n i n g s ........ 1 ,3 4 6 ,0 9 3
1 ,1 6 2 ,1 8 2
4 ,0 7 0 ,7 5 5
3 ,5 7 5 ,9 9 1
holders’ committee, of which Mr. Fred. P. Olcott is
3 5 ,0 0 0
37,5* 0
1 0 5 ,0 0 0
1 0 7 ,5 0 0
the chairman, has drafted an agreement, which may O th e r I n c o m e . . ............
be obtained from the Central Trust Company. The
T o ta l......................... 1 ,3 8 1 ,0 9 3
1 ,1 9 9 ,6 8 2
4 ,1 7 5 ,7 5 5
3 ,6 8 3 ,4 9 1
6 4 3 ,9 2 1 1 ,9 3 4 ,2 9 8
1,944,148
agreement states that the committee is authorized and I n t., r e n ta ls & t a x e s . . 6 5 5 ,0 9 1
empowered to take such proceedings under the general mort­
S u r p lu s ....................
7 2 6 ,0 0 2
5 5 5 ,7 6 1
2 ,1 9 1 ,4 5 7 1 ,7 3 9 ,3 4 3
gage or deed of trust, or otherwise, as said committee may
LONG ISLAND.
consider judicious in order to enforce the security and the
payment of interest upon said bonds and, in the discretion of
Q uar. e n d . Mch.. 31 .—. —9 m os. e n d . Mch. 31.—
18 9 3 .
1894.
1 892-93.
1893-94.
the committee, of the principal of said bonds held by those
$
$
$
$
who deposit.
G ro ss e a r n in g s ....................... 7 2 1 ,8 5 0
6 9 6 ,6 7 0 3 ,1 7 2 ,4 1 0 3 ,0 5 5 ,9 3 ?
In case of a sale of the mortgaged premises under the gen­ O p e ra tin g e x p e n s e s ............ 6 0 6 ,5 1 5 5 5 4 ,6 6 9 2 ,1 5 0 ,6 4 6 2,06 8 ,6 7 1
eral mortgage the committee is authorized to purchase the
e a r n in g s ....................... 1 1 5 ,3 3 5
1 4 2 ,0 0 L 1 ,0 2 1 ,5 6 4
9 37,262
same, as the agreement says, “for our account and benefit, O Ntheetr in
c o m e ...........................
2 7 ,6 2 1
2 ,2 1 5
1 0 4 ,2 3 2
6 4 ,0 5 3
according to the amount of said general mortgage bonds held
by us respectively.” That for the purpose of enabling the
T o ta l.................................... 1 4 2 ,9 5 6
1 4 4 .2 1 6 1 ,1 2 5 .7 9 6 1,05 1 ,3 1 5
7 1 6 ,3 0 8
7 5 6 ,1 7 6
committee to carry out the general plan of this agreement the I n te r e s t, ta x e s , re n ta ls ,& c . 2 3 8 ,1 3 9 2 5 2 ,2 2 1
bonds, with all overdue coupons, shall within thirtv days
B a la n c e ............... ^...........d e f.9 5 ,4 8 3 df. 1 0 8 ,0 0 5 s r .4 0 9 ,4 8 8 s r. 2 9 5 ,1 3 9
after written request from the committee be deposited in the
NEW YORK NEW HAVEN & HARTFORD.
Central Trust Company of New York or with its agents in
,-Q u a r . end. Mch. 3 1 .— /—9 m os. e n d M ch. 3 1 ,-.
London, to be held by it, under the control of said committee,
1893.
1894.
1892-93.
1893-94.
for the purpose of enabling said committee to carry into effect
$
$
$
$
the purposes of this agreement.
G ross e a r n in g s ...................... 4 ,0 1 8 .8 1 7 5 .4 5 3 ,2 7 4 1 3 ,2 7 4 ,7 6 1 1 8 .647,986
If at any time before the sale of the mortgaged premises O p e ra tin g e x p e n s e s ...........2 .7 5 3 .0 2 3 3 ,8 0 2 ,2 8 2 9 ,0 4 4 ,9 9 8 13,313.019
the committee should deem it expedient to prepare a plan of
t e a r n in g s .................. 1 ,2 6 5 .7 9 4 1 ,6 5 0 ,9 9 2 4 ,2 2 9 ,7 6 3 5 ,3 3 4 ,9 6 7
reorganization, the committee may call a meeting of the sub­ O thNe rein
e o m e .........................
2 4 ,5 6 3
1 1 0 ,0 0 7
1 8 7 ,7 1 1
3 4 6 ,3 7 4
scribers hereto for the purpose of acting on such plan. If such
T
o
t
a
l...................................1
,2
9
5
,3
5
7
1
,7
6
0
,9
9
9
4
,4
1
7
,4
7
4
5,691,341
a plan of reorganization shall at any time be prepared by any
other persons, the committee is authorized to consider the In t., r e n ta ls a n d t a x e s ___ 5:* 1,7 4 7 1 ,3 7 2 ,4 7 6 2 ,0 6 8 ,7 5 4 4.115,1 70
same, and, at its option, to call a meeting of the subscribers
S u r p l u s ............................. 6 9 8 ,6 1 0
3 8 8 ,5 2 3 2 ,3 4 8 ,7 2 0 1,576,171

THE CHRONICLE.

W a t 13, 1894.J
BOSTON 4 ALB ANT.

^-Qiiar. end. Meh. 3 1 .— —-9 mrjs.end.Meh.'il.—.
1893.

1894.

*8.

G ro ss e a r n i n g '...................... 2 ,3 1 1 .8 0 7
O p e ra tin g e x p e n s e s .......... 1 ,4 9 3 ,9 3 9

6 6 4 ,3 5 1

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

1893-94.

s

2 ,0 2 6 .5 7 0 7,52.3,557
1 ,2 5 1 ,1 7 5 5 ,1 7 0 ,1 9 1

N e t fa tm iU N ................... 817 6 6 3
I n te r e s t. rent.-. - a n d ta x e s 1 5 3 ,3 1 7
S u rp lu s ...............................

1 8 9 2 -9 3 .

R e p o r t s a m i Z to n tm c ix is .

$

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

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

817

1 ,262,376

C E N T R A L PA CI FIC RA ILROAD COM PANY.
ABSTRACT OF THE REPORT FOR THE YEAR ENDING
DEC. 31, 1893.

D B L A W a KK LACKAW ANNA Is W E ST S UN LE A SE D L IN ES .

*-Quar. end. Meh. 31.—. --E) s» oa end. itch. 3 1 .- ,
1893.

$

G ro ss e n m itie s ................ 1 ,3 3 1 ,4 0 0
Operating e x p e n se s.... 993,183
S e t e a r n i n g s ............
lo t ., r e n ta ls a n d ta x e s .

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

B a la n c e ................... 3 u r.2 1 9 .9 6 8

1894.

S

1 ,4 0 6 ,3 5 7
864,312
5 4 2 ,1145
6 1 4 ,2 4 8

189 2 -9 3 .

1893-94.

O P E R A T IO N S U N D E R L E A S E .

6 ,9 7 1 ,5 6 1
3,112,355

6 ,2 2 3 ,7 5 1
3,417,598

The operations for the year under the lease are shown in
detail by the Southern Pacific Company's taole No. 16 [in
the pamphlet], of which the following is a summary:

S

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

$

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

d e f.7 2 ,2 0 3 s r.1 .5 8 1 ,0 8 7 sr.9 6 5 ,7 7 7

ST E A C tl*® IHN'GH OF.TOS A N E W T O E K .

r-Quar.end. Meh. 3 1 .—, —%mos. end. Meh. 3 1 .—
1893.
£
•0rof.f G&rxsXufgs. . . . . . . . . . 1 8 2 ,5 9 5
O p e ra tin g e x p e a s e s .. .. . 1 2 4 ,5 1 8

1894.
jg
1 6 5 ,1 1 7
1 0 2 ,6 2 3

189293.
$
6 5 4 ,5 3 5
3 7 3 ,9 9 1

1893-94.
§
6 2 0 ,4 0 0
3 6 5 ,2 2 3

N e t e a r n i n g s . . . ........
O th e r in c o m e ---------------

5 8 ,0 7 7
302

6 2 ,4 9 4
........

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

2 5 5 ,1 7 7
25

T o ta l . . . . . . . . . . . . . . .
l n t .. re n ta l*

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

6 2 ,4 9 4
4 4 ,9 0 5

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

2 5 5 .2 0 2
133.224

1 5 0 ,6 4 5

121,978

S u rp lu s

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

1 3 ,4 7 4

1 7 ,5 8 9

S E W Y O R K O N TA R IO & W ESTERN .

*-Quar. end. Mar. 3 1 .—'

- 9 mas. end.
1 8 9 2 -9 3 .

1894.

# r o s a e a r n i n g s . . ........
-O p e ra tin g e x p e n s e s ..

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

7 6 9 .1 2 7
56-8,442

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

N e t e a m in g s . . . .
O th e r in c o m e ......... ..

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

2 0 0 ,8 * 5
1 8 ,7 5 0

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

908,051
56,3 4 0

T o t a l._____ ____
I n t . , r e n ta l* 4c t a x e s . .

!57,947
1 9 3 ,0 0 9

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

7 7 5 .9 2 5
6 0 2 ,7 9 7

964.3 4 1
6 5 1 ,5 6 8

$

$

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

B a la n c e . . . . ---- d e f 4 0 ,0 6 2
8 ttr.2 0 ,9 8 7 s u r.1 7 3 ,1 2 8 * n r,3 1 2 ,8 2 3
AlMAM't k
AND &ACKaWAXNA M $ff**QU&BhXXA.
ich, S t ,—. —0 mas end. Mar 31.—s
ISa!*
1804,
1 8 9 3 04.
1 8 ‘*2~93.
§
8
%
6
787,8-9% 3 ,2 1 2 .1 0 2 2 ,8 7 2 ,9 1 2
49f tsm aadOtiiw* . - » - * » A ,0 3 1 , 5 1 4
exjMMatt* . . . . . 5 9 9 ,2 7 3
$05*170 XM SM m 1 ,0 0 8 ,0 8 1
N e t ear® iui?s ... , . .
latere** i*
Sc t m m

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

282,82%
2 8 6 ,8 3 4

1*508,107
803*9 l-i

1 ,3 8 4 3 it
8-58*3 *1

B a la n c e .

.......... . s n r. 1 1 0 ,6 5 4 d e l. i 1,0 0 6 s tir 6 * 9 ,1 8 9 f r . 4 8 1 ,4 4 0
caasaELiK R a sa r a m j MU
s - 9 « a r , end. Meh 31,.. - <—O tn,as, m d. Meh.31.1893 4.
1893.
1894.
1892-3.
#
1 ,8 2 8 ,1 7 9
1,0.3 ,669
4 8 8 ,1 6 3
4 2 8 .0 1 4
Utom ear& tejtA ..
1 ,1 0 8 ,3 9 5
1 ,0 3 1 ,5 3 7
.3 8 0 ,7 6 9
842,40*1
‘O p e r a tin g e x p e iii
N et
I » i , teni’AiMm&

. . . 8 *,334.
§ 2 1 * 4 ,1 5 3

8 6 ,2 * 2
2 0 7 ,3 3 0

S i8 ,0 ’4
8 8 8 ,3 1 3

2 1 1 ,1 1 8
6 8 ,3 2 0
D e fic it.......................... .* .2 0 # , 7 S0
MkW TOttX 4t CANADA.
y^Quar.endr Meh 3 1 . - •—0 mm, end.
1.804.
181*3.
1 8 0 2 -0 3 .
$
♦
#
7 1 8 ,6 7 5
Oro«M» e#rntQ ir«.............. ... 1 8 3 3 3 2
1 6 5 ,O ta
162,1 0 3
1 3 2 ,8 5 4
5 2 7 .2 8 4

8 0 6 .1 3 2
888,4 8 5
262,3 5 3

MeA. 3 1 .—*
1803-91.
$
604 520
4.-H,),015

N e t e im o in r* -. . , . .
l a t . , iAXv« ab<l re& talsi , .

2 1 ,7 8 3
7 0 ,0 3 3

3 2 .2 2 0
78^220

188,4 1 1
2 8 2 ,4 -t4

154,4 7 5
2 3 2 .1 4 0

D e fle it ________ ... . . .

5 5 ,1 8 4

4 8 .0 0 0

4 4 ,0 8 3

7 7 ,8 7 4

Thnrber. Whjland Co.—It is reported that an early reor­
ganization of the Thurber, Why land Co. on a new plan is
probable. John I. Waterhury, President of the Manhattan
T rust Co. and Chairman of th e Reorganization Committee, is
reported as saying: that fee saw nothing in the way to pre­
vent success, The point w hich has caused trouble for several
week*, a claim w bn regard to the rent of the building oe upit-d by the com pany, haa been satisfactorily settled, Tne
new plan of reorganization, it is said, provides that creditors
shall receive in f ul> satisfaction of their claim s 50 per cent of
the amount thereof, with interest, in cash, and the retn'iituog
30 per cent in promissory notes of the new corporation, with
interest, maturing in March, June arid 8eptero>er, 1693.
U nited M ate* t o ’•dago.—The new securities of this com­
pany, embracing first mortgage and collateral trust six per
-cent gold bonds ■ <{ 1904, guaranteed six per cent preferred
•took, preferred stock, and common stock, were listed this
week on the New York Stock Exchange. On a following
ige will tie found the application ’ m ade to the Stock
xchange. under date of May 1st, which gives a statem ent of
the property covered hy the new hoods, ami many other facts
relating to the several eiaaws of securities, and Co the present
statu* of the property.
W estern N--w York A Pennsylvania,—A cable received
toy*J. Sc W. Sell) m m & Co. states that at a meeting of the
Western New Y rk & Pennsylvania second mortgage bondholder* in Fran I • rt-on-Main, on Tburs lay. t e plan of reor—
a n i z a t i o o w s * •ocepted. This bring* §3.000,000 additional
..eporits of hut s into the plan, making a total of nearly
§1 u.OttO.OOO , |,. ( k ited out of the whole issue of $20 ,*.>00.000.
Th« last day for deposit
epoeit without penalty is May 15.
The Continental Trust Co, engraved certificates of deposit
’
,
New York Stock Exchange.

f

f

T o ta l r e c e ip ts

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

0 per. e x p e n s e s, r a ilro a d a n d s te a m e r s . $ 8 ,5 2 1 ,8 8 9
E x p , L and D e p a r t, ta x e s a n d r e n ta ls .
6 3 2 ,6 6 7
I n te r e s t o n b o n d e d d e b t............................
3 ,2 9 3 ,6 7 7
S in k in g ta n d 3 o f t h e C o m p a n y .............
1 8 5 ,0 0 0
U . 8. T h u rm a n A c t r e q u i r e m e n t ............
5 8 4 ,7 7 5
2 6 7 ,1 8 0
B e tte r m e n ts a n d a d d itio n s . ...................
T o ta l e x p e n d itu r e s

78
67
50
00
18
64

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

Mar 31.—* N e t p ro fit f o r th e y e a r u n d e r le a s e ___
1893-94. D eficit to m a k e g u a r a n te e d r e n ta l p a id
$

1893.

$

For the Years Ending Dee. 31—
1393.
1892.
G ro ss e a rn in g s , r a ilr o a d a n d s t e a m e r s .$ 1 4 ,2 6 1 ,2 2 4 95 $ 1 4 ,6 1 3 ,9 9 0 0 2
R e n ta l s te a m e rs a n d t r a c k .......................
1 6 ,0 1 9 50
2 2 ,0 5 7 73
1 1 1 ,6 0 4 3 1
I n te r e s t r e c e iv e d ...........................................
4 2 ,6 6 3 54

by S o u th e rn P a c ific C o m p a n y ............

$ 7 8 4 ,7 1 7 22

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

40
07
CO
00
577,048 3 3
2 7 9 ,6 6 8 79

$ 1 3 ,8 8 4 ,7 7 8 59
$ 8 6 1 ,8 7 3 4 7

5 7 5 ,2 3 2 7 8

4 9 8 ,1 2 6 5 3

R e n ta l u n d e r le.-.-e...................................... $ 1 ,3 6 0 ,0 0 0 0 0

$ 1 ,3 6 0 ,0 0 0 00

The net profit from operations shows a decrease compared
previous year of §77,156 25. increasing tiy the same
amount the d e f i c i t required from the Southern Pacific Com­
pany to make the a r m H i n t of rental guaranteed. This deficit
paid by the te-- i.fir 1893, am ounting to §375,282 78, is larger
than for any previous year.
The result* of operation for each year under th e lease have
been as follow s:
w ith th e

Period-

.Yet
Profits.

A p ril D e ce m b e r, 1 3 3 6 . $ 1 ,4 3 2 .0 3 3 0 5
T e n t 1 3 8 6 ......................... 1 ,3 2 1 ,9 9 8 31
*• 18 8 7 ........................... 1 ,0 8 8 ,7 3 3 31
•’ 1 8 8 8 ...........................
9 6 2 ,8 2 9 8 4
“ 1 8 3 8 .......................... 1 ,0 3 5 .4 1 8 11
•• 1 8 9 0 ...........................
9 9 9 ,2 2 2 73
•• 1 3 9 1 ...................... .
2 ,1 4 4 .1 2 5 18
*■ 1 8 9 2 ..........................
8 6 1 ,8 7 3 47
•• 1 3 9 1 ........
7 8 4 ,7 1 7 2 2
T o ta l,.......................... $ 1 0 ,6 8 2 .2 5 1 2 4

Mental Paid to Deficit Paid by
0. P UR. Co.
a. P. Co.
$ 1 ,4 8 3 ,0 3 3 0 5
1 ,3 2 4 ,9 9 8 31
1 ,2 0 >,000 0 0
1 ,3 6 0 ,0 0 0 0 0
1 ,3 6 0 ,0 0 0 0 0
1 ,3 6 0 ,0 0 0 00
2 ,1 4 4 .4 2 5 18
1 ,3 8 0 ,0 0 0 0 0
1 .3 6 0 ,0 0 0 0 0

......................
.....................
$ 1 1 3 ,2 6 8 69
3 9 7 ,1 7 0 16
3 2 1 ,5 8 1 89
3 0 0 ,7 7 7 25
.............. . . . .
4 9 8 ,1 2 6 53
5 7 5 ,2 3 2 7 8

$ 1 2 ,9 5 1 ,4 5 6 5 4 $ 2 ,2 8 9 ,2 0 5 30

These figures show th a t for the first two years the net
profits exceeded the rental guaranty, but that for the follow­
ing i-even years, excepting tor 1891, the operations have re ­
sulted, on the whole, in an increasing annual charge to the
Southern Pacific Company.
The following quotations from the original lease express its
intention, as to posdnly changed conditions which m ight
arise subsequent to the tim e of its execution in 1885:
‘ W h v r r a *. b o th c o m p a n ie s c o n t r a c t In t h e k n o w le d g e t h a t th e
f rrto ie d e v e lo p B ie u : o f tb « c o u n tr y m a y c h a n g e m a te r ia lly t h e r e la ­
tion* of th e c o m p a n ie s to e a c h o th e r l a r e s p o e t to r a ilro a d tra ifio , A nd
um y in th e f u tu r e l e a d e r a n y a g rin u a tm t n o w m a d e , h o w e v e r f a ir in Its
te rm s , in view o f e x is tin g c o n d itio n * , a d v a n ta g e o u s to o n e a t th e e x ­
p en se of th e o th e r , a n d th e r e b y d e f e a t th e p u rp o s e s w h ich * d d com pai.ii-. d e sire a n d In te n d to a c c o iu p 'is b by m a k in g th is a g re e m e n t;
a n d w h e re a s . It is th r e a d e d t h a t m teh sh a ll n e v e r in? rim cdoef- rtf (h is
a g re e m e n t, th e r e fo r e a ll th e p ro m is e s a n d c o v e n a n ts h e r e in s h a ll oe
c o n s tru e d in th e lig h t o f t h e c o n d itio n s now e x is tin g ; a n d t h e a r b i t r a ­
to r* U rte m a fte r flam ed , In a « 0 u s!ia g th e te r m s a n 1 p ro v is io n s o f th is
a g re e m e n t to a c h a n g e d s ta te of affair*, if s u c h c h a n g e sh o u ld o v e r
ta k a pi n e, m u st k e e p in v iew th e m a in p u rp o se o f t h e p a r tie s to th is
a g r e e m e n t, to w it : t h a t i t is f o r th e m u tu a l a d v a n ta g e o f b o th p a r tie s ,
a n d th it n e ith e r t* to h e m -u "tfu ed a t tb it BXuenso ot tn c o th e r . * » *
And t i is f o rth , r a g r e e d b e tw e e n s a id S o u th e r n P oilio C o m u ttn y a n d
th e sa id C e n tra l P acific R a rirn a d C o m p a n y , t h a t if a t a n y lim e It a p ­
p e a rs t h a t tty t h e o p e ra tio n o t t h is a g r e e m e n t e ith e r p a r t is b e in g
iieni.fltt.-d at th e e x p e n s e o f tin- o th e r , th e n th is a g r e e m e n t s h a ll h e
re v ise t a n d c h a n g e d so th a t su c h w ill n o t bo th e o p e r a tio n th e r e o f:
o u d if tie- pal tie * h e re to c a n n o t a g r e e u p o n th e c h a n g e s n e c e s s a ry to
th a t e n d . th e n e a c h p a r ty s h a ll a p p o in t o n e a r b itr a to r , d is in te r e s te d ,
h u t sk ille d In r e la tio n to th e s u b je c t-m u tte r, a n d t-lin a w a r d a n d
d e c isio n o f su c h a r b itr a to r s , in w r itin g , s h a ll bo i/ill-i o g u p o n th e
p a rte -* heret--. o.-el IhS- a g r - m e e t ,- lu 1 ho r e v is e d a u d c h a n g e d in
i i-'irdani i- w ith s u c h a w a r d a n d d e c is io n , a n d a s re v ise d a n d e a a n g e d
sh a ll be d u ly e x e c u te d in w ritin g by th e p a r tie s h e r e to ." (Bee A n n u a l
R e p o rt C. P. R R . Vo., 1887, p a g e 8 7 , el seq.)

The charges above shown to the Southern Pacific Company
under the operation of the lease have for some tim e been a
source of discontent on the p art of that company. Following*
this result of operation* and the provisions of the lease as
quoted, an amended leise ha3 been adopted, to take effect on
January 1, 1894, Its terms are substantially the same as
those of tue original leas**, excepting the rental guaranty on
the part of the lessee. The lessee is to collect the earnings
from the operation of the proper-y leased, to pay therefrom
all operating expenses and fixed charges, including sinking
fund- and U. S. Thurm an A ct requirements, as heretofore,
aDd pay the balance of net profit from the operations of the
property leased to this company. The am ende! lease is
printed as an appendix to this report.

THE CHRONICLE.

818

[V ol. LVIII.

In addition to the charges above shown there has been paid
by the United States during the year 1893 interest on its
Central Pacific subsidy bonds to the amount of $1,671,340 80.
54
The amount for which the company is entitled to credit for
50
01
payment to the United States during the year for account of
38
the subsidy bonds and interest is $584,775 18, leaving a bal­
02
ance due at the maturity of the bonds of $1,086,565 62.
47
78
It will be seen that the guaranteed rental under the lease
12
for 1893 is included in the income for that year, though the
00
payment is not due from the lessee under the terms of the
00
13
lease till May 1st of the year following. The dividends
charged are those paid during the same year. So, for each
,$ 1 4 ,2 6 1 ,2 2 4 95 $ 1 4 ,6 1 2 ,9 9 0 0 2 D .$ 3 5 1 ,7 6 5 07
T o ta l
year under the lease the rental has been applied to the divi­
The decrease in gross earnings shown of $351,765 07, or dends paid in the same year. The rental has been practically
2- 41 per cent, is on both the U. S. aided and the non-aided the only income available for dividends, and after such appli­
lines. It is accompanied by an increase in train mileage of cation there has been for the past two years, as appears from
3- 74 per cent and in car mileage of 6'49 per cent. The service the table above, a deficit. The balance to credit of profit and
performed being thus greater than in 1892, and the earnings loss shown by the account on December 31, 1893, is not avail­
being less, the cause in general for the decreased earnings is able, the amount having in fact been applied from time to
lower average rates.
time in the payment of charges for new construction,, invest­
There is an increase in through passenger earnings of $217,- ments and other capital acc< unts, which must otherwise have
129 53, due to Columbian Exposition travel; and in sleeping been provided for by the issue of new bonds or by increasing
car earnings of $89,489 33, due partly also to the Exposition the floating debt. This fact is shown by the analysis of assets
travel, and to a greater extent to the operation of twelve new and liabilities made below. From such an analysis it wifi
sleeping cars purchased during the year. Local passenger also be seen that to have paid the usual dividend on February
earnings show a decrease of $410,694 57, which is chiefly due 1, 1894, it would have been necessary to borrow the funds.
to the financial and industrial depression common to the Confronted with this condition and the terms of the amended
country.
lease in effect on January 1st, under which the Southern
Their is a decrease in through freight earnings of $147,903 04, Pacific Company is no longer required to pay a larger sum
which is wholly on the aided line, and is the result of largely than it receives from the operation of the leased property,
reduced rates on overland traffic required to meet aggressive your Directors felt compelled with the close of the year to
steamer competition via the Isthmus route, the steamers being discontinue the payment of dividends. The early maturity of
operated at a loss provided for by a fund previously sub­ indebtedness for the United States bonds, which is hereinalter
scribed for that purpose. Local freight earnings decreased more fully referred to, suggests also the desirability of a con­
$344,431 57, of which $150,598 43 was on the aided line and servative course in this direction.
$193,833 14 on the non-aided line.
A SS E T S A N D L IA B I L IT IE S .
The earnings from car and locomotive mileage show an in­
The items comprising the assets and liabilities of the com­
crease of $263,885 34. But, in considering this, allowance
must be made for the same items in operating expenses, pany on December 31st of 1892 and 1893 are shown in detail
which show on the other hand an increase also of $40,153 46, by tables A and B in the report of the Secretary [in the pam­
leaving a net increase in earnings of $223,332 88. Or, stated phlet], At the close of the past year the current assets
in another way, in 1892 the balance of mileage against this available for immediate demands amounted to $65,964 47;
company amounted to a net Charge of $i 54,513, while in 1898 and the only other item shown, available for cash require­
the balance was in our favor to the amount of $68,819 88. ments, is the rental from the Southern Pacific Company,
This change has followed from the purchase of new equip­ $1,360,000, payable on May 1,1894. The current liabilities, on
ment on December 31, 1892, which was referred to in the an­ the other hand, exceed the sum of these assets.
The additions to the company’s resources during the year,
nual report for last year (page 90).
and the application which has been made thereof, appear by
O P E R A T IN G E X P E N S E S .
In c . or Dec
the following statement :
E A R N IN G S .

18 9 2 .
$ 4 ,7 8 3 ,6 6 7
5 5 3 ,0 0 8
1 9 1 ,1 6 2
6 8 ,4 9 4
7 5 ,4 2 0
8 ,7 0 1 .4 7 8
5 0 ,6 9 2
6 ,4 5 8
4 9 ,6 0 8
6 2 ,1 5 1
7 0 ,8 4 9

T e a r s E n d in g Dec. 3 1 —
18 9 3 .
P a s s e n g e r ....................
$ 4 ,5 9 0 ,1 0 2
M a il...................................
5 5 6 ,8 1 6
E x p r e s s ...........................
1 7 3 ,3 9 3
E x c e s s b a g g a g e ............
6 0 ,5 2 8
B leep in g c a r ...................
1 6 4 ,9 1 0
F r e i g h t ............................. 8 ,2 2 6 ,9 9 8
C a r m ile a g e ................
2 6 7 ,5 1 9
L o c o m o tiv e m ile a g e ..
5 3 ,1 1 6
4 4 ,9 5 8
T e le g r a p h ___________
R e n t a l o f b ’ild in g s ,e to .
6 5 ,6 0 0
S u n d r y ............
5 7 ,2 8 2

T e a r s E n d in g Dee. 3 1 —

1893.

In e . or Dee.
in 1893.
58 D .$ 1 9 3 ,5 6 5 04
1 .3 ,3 0 8 33
17
D . l 7,769 28
29
D .7 ,9 6 6 07
45
1 .8 9 ,4 8 9 33
69
D . 4 7 4 ,4 7 9 63
10
1 .2 16 ,3 2 7 31
47
1 .4 6 ,6 5 8 03
09
D .4 ,0 5 0 00
00
1.3,448 89
11
D .1 3 ,5 6 6 9 4
07

1892.

i n 1893.

G r o s s E a r n i n g s ............... $ 1 4 ,2 6 1 ,2 2 4 9 5 $ 1 4 ,6 1 2 ,9 9 0 0 2 D .$ 3 5 1 ,7 6 5 07
O p e r a t in g E x p e n s e s :

M a in te n a n c e o f w a y
a n d s t r u c t u r e s ............ $ 1 ,6 3 0 ,1 6 4
M a in te n ’ce o f e q u ip m ’t 1 ,2 4 4 ,7 5 0
C o m p e tin g t r a n s p o r t s 4 ,6 9 9 ,2 0 3
G e n e r a l e x p e n s e s ..........
9 4 7 ,7 7 1

R esources—
31 D .$ 2 9 6 ,5 1 3 75 In c o m e r e c e iv e d :
23
D .7 1,974 08
F o r r e n t a l fro m S o u th e rn P a c ific C o ...................................
07
I. 3 6 ,3 7 4 45
F o r s iu k in g f u n d s o f th e c o m p a n y .......................................
79
D .5 1 ,4 0 8 24 F o r p a y m e n t o n U n ite d S ta te s d e b t . . .
.....................
F o r r e d e m p tio n o f la n d g r a n t b o n d s .. . $ 1 1 1 ,5 4 6 9 4
$ 8 ,9 0 5 ,4 1 1 4 0 D .$ 3 8 3 ,5 21 62
F o r c o lle c t, o n la n d c o n tr a e ts - B a la n e e .
4 4 ,4 8 3 55

56 $ 1 ,9 2 5 ,6 7 8
15
1 ,3 1 6 ,7 2 4
52
4 ,6 6 2 ,8 2 9
55
9 9 9 ,1 7 9

T o ta l................................ $ 8 ,5 2 1 ,8 8 9 7 8
H

a r k in g s o v e r O p e r a t ­
in g E x p e n s e s ..................

S ta te m e n t o f R e s o u r c e s a n d th e A p p l i c a t i o n T h e r e o f f o r the
Y e a r E n d i n g D e c e m b e r 31, 1893.

$ 5 ,7 3 9 ,3 3 5 1 7

$ 5 ,7 0 7 ,5 7 8 6 2

I . $ 3 1 ,7 5 6 5 5

M a in te n a n c e o f W a y a n d S t r u c t u r e s . —There is a decrease
under this title of $296,513 75, which is distributed generally
over the roadway and various classes of structures. The re­
pairs of snowsheds and the service of clearing the road from
snow was reduced from $215,734 77 in 1892 to $148,018 30 in
1893. During the past year rails renewed equaled 57-63 miles
of road ; and the ties renewed numbered 454,628, equal to
174-8 miles of road.
IN C O M E .

The following is a comparative statement of general income
of the company for the past two years :
F o r the T e a rs E n d itig Dec. 3 1 —

1893.

1892.

R e c e ip t s :

R e n t a l fro m S o u th e rn P acific C o m p a n y ,
u n d e r le a se , a s p e r 8. P . Co.’s ta b le
N o. 16 [in th e p a m p h le t] ..................... $ 1 ,3 6 0 ,0 0 0 0 0 $ 1 ,3 6 0 ,0 0 0 0 0
S in k in g f u n d s o l th e c o m p a u y , fo r e a s h
p a id h y S o u th e rn P a c ific c o m p a n y ,
a n d e a r n in g s o n I n v e s tm e n ts ................
5 4 7 ,1 5 4 0 6
5 4 6 ,0 7 6 29
t U n ite d S ta te s r e q u ir e m e n t, p a id b y
S o u th e rn P a c ific C o m p a n y .....................
5 8 4 ,7 7 5 15
5 7 7 ,0 4 8 33
L a n d s a le s , f o r e a s h a n d o n t i m e . .
7 6 ,5 5 0 0 0
1 2 1 ,1 4 8 01
I n t e r e s t on C. P . RR. n o te s h e ld b y
tr u s te e s o f la n d errant m o rtg a g e , p a id
b y S o u th e rn P a c ific C o m p a n y ..............
6 0 ,0 0 0 0 0
8 0 ,1 6 6 67
M isc e lla n e o u s r e c e i p ts .................................
1 1 ,4 6 9 9 0
2 2 ,8 7 2 4 5
$ 2 ,6 3 9 ,9 4 9 14 $ 2 ,7 0 7 ,3 1 1 75

$ 1 ,3 6 0 ,0 0 0 0 9
5 4 7 .1 5 4 06
5 8 4 ,7 7 5 18
1 5 6 ,0 3 0 49

C ash o n h a n d —E x c e s s o f p a y m e n ts o v e r
r e c e i p ts ................................................................ $ 7 9 0 ,6 8 4 4 0
C a sh to re d e e m C. <fc O. D lv . b o n d s —D e­
p o s it u s e d ...........................................................
6,000 00
A c c o u n ts re c e iv a b le , c o lle c te d ..................... 1 ,0 2 2 ,5 0 0 0 0
80. P a c . C o.—In c re a s e in a d v a n o e s f r o m . 3 1 9 ,9 0 1 31
T r u s te e s l a u d g r a n t m o rtg a g e —In c r e a s e d
c r e d it t o ...............................................................
8 4 ,5 7 5 0 4

2 ,2 2 3 ,6 6 0 75T o ta l a d d itio n to re so u ro e s.

$ 4 ,3 7 1 ,6 2 0 48

A p p lic a tio n o f R esources—
A p p lic a tio n o f in c o m e :
D iv id e n d s p a id F e b . 1 a n d S e p t. 1 5 ___ $ 1 ,3 1 5 ,5 1 0 00
B a la n c e of in c o m e ite m s .............................
1 5 ,7 4 0 0 0
S in k fu n d s o f th e c o m p a n y , in c r e a s e .. $ 5 4 1 ,1 5 4 0 6
B o n d s re d e e m e d , C. & O. D lv ....................
6 ,0 0 0 0 0

$ 1 ,3 6 1 ,2 5 0 00
54 7 ,1 5 4 06
5 3 4 ,7 7 5 18

S in k in g f u n d fo r U n ite d S ta te s d e b t . . ................................
L a n d b o n d s re d e e m e d ...................................
$ 7 1 ,0 0 0 0 0
S in k in g f u n d f o r la n d b o n d s ,in c r e a s e ..
8 5 ,0 3 0 49

1 5 6 ,0 3 0 4 9
I n v e s tm e n ts f o r c o m p a n y 's s in k , f u n d s . .$ 1 ,2 0 1 ,0 3 4
C o n s tr u c tio n a n d e q u ip m e n t.........................
9 ,2 1 1
N ew e q u ip m e n t p u r c h a s e d ............................
2 8 4 ,2 4 6
S to c k s, b o n d s a n d p r o p e r ty p u r c h a s e d .. .
2 2 6 ,4 2 8
N o te o a id to tr u s te e s la n d g r a n t m o r t . . .
5 0 0 ,0 0 0
A c c o u n ts , b a c k c o u p o n s, e tc , p a i d ............
1 ,4 3 9

69
20
01
87
00
93
2 ,2 2 2 ,4 1 0 75

E x pe n d itu r es :

i
’

S in k in g fu n d r e c e in ts . U n ite d S ta te s
re q u ir e m e n t, la u d sa le s, a n d in te r e s t
a s a b o v e ; a p p lic a b le w h e n u s e d fo r
t h e p a y m e n t o f d e b t a n d n o t a v a ila b le fo r d iv id e n d s ................... ..................$ 1 ,2 6 3 ,4 7 9 24 $ 1 ,3 2 4 ,4 3 9 30
M isc e lla n e o u s e x p e n s e ..............................
4 5 8 32
8 2 5 GO
D iv id e n d s , F e b . 1 a n d A u g . 1, 1 8 9 2 ;
F e b . 1 a n d S e p t. 1 5 , 1893 , a t tw o p e r
c e n t p e r a n n u m ............................................ 1 ,3 4 5 ,5 1 0 0 0
1 ,3 4 5 ,5 1 0 00
$ 2 ,6 1 4 ,4 4 7 56
.
y e a r s p r io r to le a s e .

$ 2 5 ,5 0 1 5 8

$ 2 ,6 7 0 ,7 7 4 30
$ 3 6 ,5 3 7 45

2 6 ,7 5 1 58

5 7 ,2 8 7 30

$ 1 ,2 5 0 0 0
3 ,3 8 7 ,1 0 8 49

$ 2 0 ,7 4 9 85
3 ,4 0 7 ,8 5 8 34

D a l to c r e d it o l p ro f it a n d lo ss D ec. 3 1 ..$ 3 ,3 8 5 ,8 5 8 4 9

$ 3 ,3 8 7 ,1 0 8 49

N e t d e fic it..

T o ta l a p p lic a tio n o f r e s o u r c e s ..........................................

$ 4 ,8 7 1 ,6 2 0 48

The income received has been used as shown above in the
dividends paid during the year, and for sinking funds for pay­
ments of bonded and United States indebtedness. The cash
and current assets which appeared at the close of 1892, have
been applied for the accounts shosvn as follows : Investments
were made in bonds for the sinking funds of the company to
the amount of $1,201,034 69, leaving but $119 71 uninvested.
A note for $500,000 held by the trustees of the land grant
mortgaj^, maturing October 1st, was paid and canceled. An
additional investment was made for new equipment costing
$284,246 01, and consisting of 7 locomotives, 1 dining car and
12 first-class Pullman sleeping cars. The items comprising
the remaining additions to the company’s assets are shown in
detail by table A in the report of the Secretary [in pamphlet].
ta s s s & m & s g & r .h

.«■?■

--

I.

-- - — •

THE CHRONICLE.

Ma t 13, 1394]
UNITED

sta tes

governm ent

account.

Under the provisions of the Thurm an Act, approved May
7, 1878, the annual requirem ent is comprised of the whole
amount of the charges for transportation on the aided line, of
United States mails, troops, m ilitary supplies, etc.; and, in
; addition thereto, of five per cent of the net earnings. The re­
quirement for 1892 am ounts to 37-3 per cent, and for 1893 to
39-2 per cent, of the net earnings. This requirem ent was
$534,775 in 1893 and $377,048 in 1892.
Iu the investments of the sinking fund by the Secretary of
the Treasury premiums have been paid, principally for
United States bonds, am ounting to $1,304,235 76. Some of
these bonds subsequently sold realized a prem ium of $109,581 94, leaving the net charge for prem ium paid of $1,194,653 83. As the bonds now rem aining in the fund will soon
mature and be payable then at par, this net am ount for
premium p a il represents a loss to the company. The net
amount realized from the investm ent of the funds by the
' Secretary of the Treasury for the period of fifteen years to
the close of 1893 is, as above shown, $530,457 90. The sinking
: funds of the company In its own treasury, which have been
invested under the direction of the Board of Directors, have
realized over 5 per cent per annum . H ad the funds of the
company invested by the Secretary of the Treasury realized
an equal rate it would have am ounted to $2,458,000 as com­
pared with tire $050,457 90 which has been received.
All am ounts due the Government by the company have
been fully and promptly paid. Charges’to the Government,
on the other hand, which are due this company in cash
for transportation services perform ed prior to the lease of
April 1, 18.85, am ounting to $1,068,181 67. still remain unpaid.
There is also due the Southern Pacific Company for United
States transportation on lines formerly leased and operated by
the Central Pacific Railroad Company, the amount of $1,401,973 74, m aking the sum of §3,473,135 41 due these companies
in cash to December 31, 1393, in excess of all requirements
due the Government to the same date. Judgm ents for por­
tions of these charges have been rendered in favor of the com­
panies by the United States Court of Claims and affirmed by
the Supreme Court, amounting for the Central Pacific Rail­
road Company to $805,207 63 and for the Southern Pacific
Company to $1,824,336 44, which were referred to in the last
annual report of this company. No appropriation has yet
been made by Congress for their pay ment.
The first of the United States bonds issued to this company
become due January 18, 1895. The rem ainder m ature at
intervals till January 1, 1899, The account between the Gov; eminent and the company for these bonds, including the ini terest accrued thereon to date, is as follows :
Is s u e d to C e n tra l P a c in o R a ilro a d C o m p a n y .......... ...........* 2 3 ,8 5 5 ,1 2 0 00
Is s u e d to W e s te rn P acific R a ilro a d C o m p a n y ........ ...
1 ,9 7 0 ,3 6 0 0 0

T o ta l............................... ...................................................„ .$ 2 7 ,s S 3 ,e 8 0 00
I n te r e s t a t 6 p e r c e n t a c c r u e d to D ec. 3 1 , 1 8 9 3 ................ 1 2 ,6 6 9 .8 8 2 61

p

T o ta l................................................................................................* 7 0 ,5 2 3 ,5 6 2 61
p a y m e n t* to U n ite d S ta te s , In c lu d in g s la k in g l a n d
In U . ». t r e a s u r y ............................................... .....................
1 8 ,6 7 1 ,5 5 8 45
B a la n c e to d a te n o t provided f o r . . . . . ................................. .9 5 6 ,8 3 4 ,0 0 4 16

Though the failure of the provisions of the Thurm an Act to
provide for the paym ent of the debt at its m aturity has been
lor some years apparent and recognized in public acts by the
Government, Congress has chosen to let the m atter run. The
company, on the other hand, has repeatedly announced its
- re a d m e — t<» accept any term s of adjustm ent th e payments
under which it could safely promise to make. There is a bill
now before th e Senate com mittee which provides for settle­
ment of the debt of the Central Pacific Railroad Company to
the G overoment. It is not altogether w hat the company
would like, as it calls for the paym ent of the full
debt, principal and interest. A nd as it has been thought
by the officers of the company, and particularly by its late
President, Governor Stanford, that they should allow some­
thing to the company for the equities which it is conceded
exist, as the road was built when labor and material were ex­
cessively high, and as the Government reaped large benefits
from the construction of the road, it is our belief that the
Government should bear part of the loss. But the Board of
Directors think that the company can meet the requirements
of the bill referred to and still have a little left for the share­
holders ; and all of the officers are so anxious for a settlement
of the indebtedness that if the bill should pasg uo doubt the
company would accept its terms and comply with its re­
quirements.
The measure should be particularly desirable to the Govern­
ment, as it would give to the Government almost immediately
$70,000,000 in money, that is, the whole amount of the debt
and the interest due on it to m aturity. And the mortgage
securing the Government and the first mortgage bondholders
would cover all the property of the Central Pacific, including
the securities in tbe sinking fund, which amount to $10,000,000, and the lands, of which there are something over 12,000,000 acres ; and this makes the security as safe as anything
■
’ baaed upon human calculations could well be, so th a t the use
of the Government's credit would allow the Government to
receive all the money due without its incurring anything
more than the shadow of a business risk.
Respectfully subm itted,
ISAAC L. REQUA,
President.

AM ENDED

819
L E A S E .- I N

EFFECT

JA N U A R Y

1,

1894.

The new lease made the 7th day of December, 1893, between
the Central P acific Railroad Company, of the first part,
and the Southern P acific Company, of the second part, took
effect Jan. 1, 1894. Omitting the formal parts, the substance
of the said lease is as follows ;
F irst—T h e p a r t y o f th e first p a r t h e re b y le a s e s to th e p a r t y o f th e
sec o n d p a r t, f o r th e p e rio d o f n in e ty y e a r s fro m a n d in c lu d in g th e f ir s t
d a y of J a n u a r y n e x t, th e ra ilr o a d s of th e p a r ty of th e fir s t p a r t, to ­
g e th e r w ith its b ra n o h e s a n d le a se d lin e s, a n d a ll d e p o ts a n d s ta t io n
h o u ses, e q u ip m e n ts a n d a p p u r te n a n c e s o f e v e ry k ia d a a d n a tu r e w h a t­
s o e v e r to th e s a id ra ilr o a d s , b ra n c h e s a n d le a s e d liu e s re s p e c tiv e ly
b e lo u iriu g o r a p p e r ta in in g .
Second—The p a rty o f t h e s e c o n d p a r t w ill p a y to th e p a r t y o f th e fir s t
p a r t a fixed y e a r ly r e n ta l fo r t h e p re m ise s so le a se d , a m o u n tin g to th e
su m of te a th o u s a n d d o lla rs p e r a n n u m , w h ic h r e n t a l s h a ll b a p a id In
fo u r e q u a l in s ta lm e n ts o f tv re n ty -flv e h u n d re d d o lla rs e a c h , o n th e firs t
d a v s of J a n u a r y , A p ril, J u ly a n d O c to b e r of e a o h y e a c d u r in g th e p e n ­
d e n c y o f th is le a se (e x c e p tin g o n ly th e fir s t d a y o f J a n u a r y , e ig h te e n
h u n d re d a n d n iu e ty -f o a r ), i t b e in g u n d e rs to o d a n d a g re e d t h a t th e
a m o u n t o f s u c h r e n ta l, so f a r a s re q u is ite , s h a ll b e a p p r o p r ia te d a n d
a p p lie d b v th e p a r t y o f th e fir s t p a r t to th e e x p e n s e s o f m a in ta in in g
a n d k e e p in g u p Us e o rn o r a te o rg a n iz a tio n .
Third —T b e p a r ty o f th e s e c o n d p a r t is to o p e r a te th e s a id ra ilr o a d s ,
b ra n c h e s a a d le a s e d lin e s h e re in b e fo re r e fe rr e d to. T he s a i l le a se s s h a ll
a p p ly th e e a r n in g s a n d in e o m e d e riv e d th e re fro m to p a y in g a ll o p e r a t­
in g e x p e n s e s th e re o f, a n d t h e in e id e n ta l e x p e n s e s c o n n e c te d th e re w ith ,
in c lu d in g the s u m s p a y a b le fo r r e n ta ls o f le a s e d lin e s , a n d , a c c o rd in g
to th e ir la w fu l p rio ritie s , t o th e p a y m e n t o f th e c u r r e n t in te r e s t a n d
s in k in g -fu n d c o n trib u tio n s o r o th e r p a y m e n ts fro m tim e to tim e
b e co m in g d u e a a d p a y a b le fro m s a id C e n tra l P a c ific R a ilro a d C om ­
p a n y , w h e th e r to th e U n ite d S ta te s o f A m e r io a o r to b o n d h o ld e rs o r
o th e rs , d u rin g th e e x is te n c e o f th is le a se .
A n d if it further prodded an i agreed, b y a n d b e tw e e n th e p a r tie s
h e re to , th a t o n th e first d a y o f A p ril in e a c h y e a r d u rin g th s c o n tin u ­
a n c e I'f th is le a s e , th e p a r t y o f th e s e c o n d p a r t s h a ll p a y to th e p a r t y
o f th e first p a r t s u c h b a la n c e , if a n y , o f th e n e t e a r n in g s o r in c o m e re ­
ceived t>v th e p a r t r o f th e s e c o n d p a r t fro m th e s a id le a se d p re m is e s ,,
w ith th e "a p p u rte n a n c e s , fo r t h e y e a r e n d in g o n th e t h i r t y -first d a y o f
D e ce m b e r th e n n e x t p re c e d in g , a s s h a h re m a in i n i t s h a n d e a f te r a ll
t i e p a y m e n ts h e re in b e fo re p ro v id e d f o r o r a g re e d o r d ire c te d a re m a d e .
Provided, hmr-eer, t h a t if a t th e tim e , v iz . s u c h f ir s t d a y o f A p ril,
w hen s u c h h a ia u c e o f s u c h in c o m e o r r e n ta l is p ro v id e d to be p a id to
th e p a r ty of th.- first p a r t, th e r e s h a ll b a a n y s u m d u e o r o w in g , fro m
rb e p a rty of th e first p a r t to th e p a r ty of th e s e c o n d p a rt, fo r o r in
re s p e c t of a d v a n c e s o r p a y m e n ts th e re to fo r e m a d e b y tb e p a r ty
of th e sec o n d p a rt, to o r lo r o r u p o n th e re q u e s t o f th e p a r ty o f
th e first p a r t, fo r new a d d itio n s o r im p ro v e m e n ts to th e d e m ise d
p re m ise s o r a n y p a r t th e re o f, o r fo r e x p e n s e s o f k e e p in g u p th e c o rp o ­
r a te o rg a n iz a tio n o f ih s ,**rty o f th e first p a r t, o r m a in ta in in g a g e n c ie s
fo r the tr a n s f e r o f its s to c k a n d b o n d s, o r fo r a n y e x p e n s e s o f its b u sint>»* o r affairs o th e r th a n »ueh a s fa ll w ith in th e p a y m e n ts b e fo re p ro ­
v id ed to be m a d e b y t h e le ss e e o n t o f th e e a r n in g s o r in c o m e , o r fo r o r
in re s p e c t o f a n y o th e r s u m s w b io h m a y h a v e b e en la w fu lly a d v a n c e d o r
p a id by th e le a se e to o r fo r tb e p a r ty o f th e fir s t p a r t, th e p a r ty o f th e
sec o n d p a r t s h a ll b e e n title d to r e ta in a a d p a y to its e lf w h a te v e r m a y
lie o w in g to i t fro m th e p a rty o f th e first p a r t fo r o r iu re s p e c t o f a n y
of the cau se s o r m a tte r s o r c o n s id e ra tio n s a fo re s a id , in c lu d in g a n y
in te r e s t w hich m a y b e d u e o r o w ia g fro m th e p a r ty o f t h e f i r s t p a r t to
th e p a rty of th e s e c o n d p a r t th e re o n . A n d prodded fu r th e r , t h a t if
su ch b a la n ce o f n e t e a r n in g s o r In c o m e re c e iv e d b y th e p a r t y
o f th e srt-ond p a r t fro m th e s a id le a se d p re m ise s, w ith th e a p p u r te ­
n a n c e s. for a n y y e a r , a n d w h ic h b y th e fo re g o in g p ro v is io n s h e re o f
w o u ld b e a n d beoom e p a y a b le b y sa id p a r ty o f th e s e c o n d p a r t to s a id
p a r ty of th e fir s t p a r t, s h a ll e x c e e d th e a m o u n t o f s ix p e r o e n t p e r
a n n u m u p o n th e p a r v a lu e o f th e th e n e x is tin g c a p ita l s to c k o f th e
p a riy of the first p a r t, th e n a m i in t h a t e v e n t th e s a id p a r ty o f th e
sec o n d p a r t s h a ll be e n title d to a n d s h a ll r e ta in to its e lf fo r its o w n
u se o n e -h a lf p a r t o f a n y a n d a ll e x c e s s o f s u c h b a la n c e of n e t e a r n in g s
a n d incom e o v e r a n d a b o v e th e a m o u n t o f s ix p e r c e n t p e r a n n u m n p o n
th e p a r vai.ji! ..f th " th e n e x is tin g c a p ita l s to c k o f th e p a r ty o f th e
tlra t p a rt.
Fourth—It a n d so f a r a s th e p a r ty o f th e s e c o n d p a r t s h a ll m a t ' a n y
a d v a n c e s fo r p a y m e n ts f o r a c c o u n t o f th e p a r ty o f th e f ir s t p a r ,, th e
p a r t r of th*' s ec o n d p a r t s h a ll be e n title d to re c e iv e i n te r e s t u p o n a ll
s u c h ad v an ce* a t th e r a t e o f s ix p e r c e n t p e r a n n u m fro m tb e m a k in g
u n til th e r e im b u r s e m e n t th e re o f, a n d t h e p a r ty o f th e s e c o n d p a r t s h a ll
h a v e a lien fo r sn o h a d v a n c e s , a n d th e In te re s t th e re o n , u p o n th e s a id
d e m ised pm niv<-«. a n d ta n in c o m e th e re o f, u n til euoh a d v a n c e s a r e r e ­
im b u rse d , w ith in te r e s t, a n d th e p a r ty o f tb u s e c o n d p a r t s h a ll be
e n title d a t a n y tim e a n d fro m lim e to tim e to re fu n d to its e lf s u c h
a d v a n c e s an d in te r e s t o u t o f a n y n e t e a r n in g s o r in c o m e o f th e
dem ised p re m is e , w h ic h m a y b e in its h a n d s , u n le s s i t s h a ll h a v e b e e n
e r p r e s s lv a g re e d b e tw e e n th e p a r tie s h e re to to th e c o n tr a r y tu w ritin g
a t or b e fo re th e m a z in g o f s u c h a d v a n c e s .
Fifth—Tht a g re e m e n t* b e tw e e n th e s a m e p a r tie s d a te d F e b r u a r y 1 7 ,
1885. an d J a n u a r y 1. 1938, re s p e c tiv e ly , a r e h e re b y o a u e e le d . e x c e p t
so f a r a s th e y r e la te to o p e ra tio n o f s a id d e m is e d p re m is e s p r io r t o
J a n u a r y 1 ,1 8 9 4 , a n d a d ju s t m e n t o f a c c o u n ts in r e s p e c t t o s u c h o p e ra ­
tio n t h e r e o f .
Sixth T his in d e n tu r e m a y b e a t a n y tim e m o dified iu a n y o f 1i»
te rm s o r p ro v is io n s , o r c a n c e le d by a g re e m e n t o f th e p a r tie s th e re to .
A M E N D M E N T TO L E A S E , D A T E D M A R C H 22 , 1894.
F irst—T h e s a id I n d e n tu re d a te d th e 7 th d a y o f D eoem ber, 1893, la
h e re b y m odified n f s u b s titu tin g , in lie u o f A rtic le F o u r th o f s a id
In d e n tu re , th e fo llo w in g a rtU le , t h a t is to s a y :
•'F ourth - I f a n d so f a r a s tb e p a r ty o f th e s e c o n d p a r t s h a tl m a k e a n y
a d v a n c e s fo r p a y m e n ts fo r a c c o u n t o f th e p a r ty o f th e fir s t p a r t, th e
p a r ty o f th e s ec o n d p a r t s h a ll b e e n title d P i re c e iv e la w fu l I n te r e s t
u p o n a ll su ch a d v a n c e s fro m th e m a k tn g u n til th e re im b u r s e m e n t
th e re o f, a n d th e p a rty of th e seco n d p a r t s h a ll bo e n title d a t a n y tim e
a n d from tim e to tim e to re fu n d to its e lf s u c h a d v a n c e s a n d in te r e s t
o u t of any n e t e a r n in g s o r in c o m e o f th e d e m ise d p re m is e s w h io h m a y
b e In its h a n d s , ao)e«« it s h a ll h a v e b e e n e x p re s s ly a g re e d b e tw e e n
th e p a rtie s h e re to to th e c o n tr a r y in w ritin g a t o r b e fo re th e m a k in g
of su ch adv an ce* .
_ .
“ A nd It is fu r th e r a g re e d b e tw e e n s a id C e n tra l P aeiflo R sliro g fl C om ­
p a n y a n d sa id R onthi-rn P acific C o m p a n y t h a t If a t a n y tim e i t
a p p e a r s th a t by th e o p e ra tio n of th ts a g re e m e n t e ith e r p a r ty is b e in g
b e n e fitte d a t th e e x p e n s e o f th e o th e r, th e n th is a g re e m e n t s h a ll bo
re v is e d a n d o h a u g ed so t h a t s u c h w ill n o t h e th e o p e ra tio n th e re o f,
a n d if th e p a r tie s h e re to c a n n o t a g re e u p o n th e c h a n g e s n e c e s s a ry to
th a t e n d , th e n e a c h p a r t s s h a ll a p p o in t o n e a r b itr a to r , d is in te re s te d ,
b u t sk illed in re la tio n to th e s u b je c t- m a tte r , a n d th e a w a r d a n d
d e cisio n o f s u c h a r b itr a to r s In w ritin g s h a ll bo b in d in g u p o n th e
p a rtie s h e re to , a n d th is a g r e e m e n t s h a d he re v is e d a n d c h a n g e d in
a c c o rd a n c e w ith su ch a w a r d a n d d e cisio n , a n d , a s re v is e d a n d
c h a n g e d , s h a ll b« d u ly e x e c u te d in w ritin g by th e p a r tie s h e re to .
“ A nd i t is f u r th e r a g re e d th a t, i f tb e a rb itr a to r * so c h o se n c a n n o t
a g re e u p o n an a w a r d a n d d e c isio n , t h e n t h a t th e tw o s h a ll ch o o se a
th ir d im p a rl
ito r , a n d t h a t th e a w a r d a n d
d e cisio n o f t wo nf s a id th r e e a r b itr a to r s s h a ll h a v e th e s a m e fo rc e a n d
effe c t b e tw e e n th e p a r tie s h e re to , a n d s h a ll h e e x e c u te d iu lik e m a n n e r
as h e re in b e fo re p ro v id e d fo r th e a w a r d a n d d e c isio n of th e tw o
a r b itr a to r s first e h o se n ."
Second—T h e s a id in d e n tu re , d a te d th e 7 th d a y o f D e ce m b e r, 18 9 3 ,
as so m ollified by th e firs t a r tic le h e re o f, i s h e re b y in a ll re p e o ts
ra tifie d , a p p ro v e d a n d co n firm ed .

THE CHRONICLE.

820

[VOL. LVIII,

C O M P A R A T IV E G E N E R A L B A L A N C E S H E E T D EC . 31.
ASSETS.

Construction

and

1893.

E q u ipm en t :

1892.

UNITED S T A T E S C O R D A G E COM PANY.

A m o u n t s ta n d in g on th e b o o k s o f
th e o o m p a n y f o r th e c o n s tr u c ­
tio n o f r a ilr o a d a n d te le g r a p h
lin e s ,s id e tra c k s ,b r id g e s , b u ild ­
in g s, sh o p s, m a c h in e r y , to o ls,
te le g r a p h in s tr u m e n ts , fu r n i­
tu r e , r ig h t o f w a y , r e a l e s ta te ,
w h a rv e s , p ie rs , s n o w -sb e d s a n d
g a lle rie s , tr a n s f e r a n d fe rr y
s te a m e rs ,
r iv e r
s te a m e rs ,
b a rg e s , lo c o m o tiv e s, c a r s , sn o w
p lo w s , e t c ......................................... $ 1 6 9 ,2 1 8 ,5 7 4 4 7
N e w e q u ip m e n t................... .............
1 ,8 7 2 ,5 1 9 8 6

$ 1 6 9 ,2 0 9 ,3 6 3 27
1 ,5 8 8 ,2 7 3 85

$ 1 7 1 ,0 9 1 ,0 9 4 33

$ 1 7 0 ,7 9 7 ,6 3 7 12

Stocks , B onds
Ow ned:

P r o per ty

and

1 6 ,8 0 0 s h a r e s s to o k . N e w p . N ew s
<fc M ississip p i V a l. C o ...
2 7 5 s h a r e s s to c k , C h esa. & O.
R a ilw a y Co.........................
5 5 b o n d s , $ 1 ,0 0 0 e a c h , C h es.
& O. R y . g e n . r n o r t..........
3 4 ,4 9 5 s h a r e s s to c k , C oos B a y ,
O reg o n , C oal Co ............
4 0 0 a c i e s o f la n d in Coos
C o u n ty , O re g o n ................
F r a c tio n a l II.S. 6 p.e. b o n d
S to c k in r iv e r t r a n s p o r t a ­
tio n l i n e s .. .. .. ................
2 3 3 s h a r e s s t ’k, C o lfa x & F o r­
e s t H ill C o m m e rc ial Co.
7 ,2 4 5 s h a r e s s to c k , C e n tra l P ac iflo R a ilro a d Co ............
O g d e n U n io n Ry. & D e p o t
C o., bond s a n d p ro p e r ty
S a c ra m e n to L e v e e , b o n d s
a n d p r o p e r ty .....................

Q„
VObD.dd/ HA

1 3 6 ,8 7 1 3 0

Com pany —

R e n ta l fo r th e y e a r s u n d e r
le a s e , p a y a b le M ay 1s t o f y e a r
fo llo w in g ............................................

States

8 0 ,0 0 0 0 0

G overnm ent —

$ 1 ,8 0 3 ,3 3 4 61

$ 1 ,5 7 6 ,9 0 5 74

$ 3 4 ,4 6 0 67

$ 8 2 5 ,1 4 5 0 7

..................
2 7 ,0 o 3 80
4 ,5 0 0 0 0
..................

1 ,0 4 9 ,5 0 3 80
4 ,5 0 0 00
3 5 ,011 38

$ 6 5 ,9 6 4 4 7

$ 1 ,9 2 0 ,1 6 0 25
$ 1 4 5 ,1 6 5 3 4

1 ,3 6 0 ,0 0 0 0 0

2 ,3 6 0 ,0 0 0 0 0

1 ,0 6 8 ,1 6 1 67

1 ,0 6 8 ,1 6 1 67

1 ,0 2 8 ,1 4 7 03

1 ,0 7 2 ,6 3 0 58

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

$ 1 7 7 ,9 4 0 ,6 6 0 7 0

$ 4 8 ,2 3 2 ,2 9 7 88

U n it ed States Bonds ..................... $ 2 7 ,8 5 5 ,6 8 0 0 0

C u r r e n t L t a b il t ie s :
B ills p a y a b le — T r u s te e s la u d
g r a n t m o rtg a g e ...............................
A c c o u n ts p a y a b le .............................
U n c la im e d c o u p o n s .........................
U n c la im e d d iv id e n d s _________
S o u th e rn P a c ific C o m p a n y —C u r­
r e n t a c c o u n t ....................................

Sin k in g F unds u n in v este d —Com­
p a n y ................................................
S in k in g F unds u n in v este d , to
c r e d it o f la n d t r u s t e e s ................

B alanc e

of

6,000 00

$ 1 4 5 ,1 6 5 3 4

L IA B IL IT IE S .
1893.
Ca p it a l S r o c i t ....... ........................... $ 6 3 ,0 0 0 ,0 0 0 0 0
F u n d e d D e b t ........................................ $ 5 8 ,9 3 1 ,0 0 0 0 0
L e s s a m o u n ts h e ld in s in k in g
f u n d s o f th e c o m p a n y a n d la n d
g r a n t f u n d ........................................
1 0 ,6 9 8 ,7 0 2 12

L e s s p a y m e n ts in fu ll to d a te fo r
th e U n ite d S ta te s re q u ire m e n ts
u n d e r a c ts o f 18 6 2 , 1 8 6 4 a n d
T h u r m a n A c t ......................... .........

4 ,0 0 0 0 0
7 2 4 ,5 0 0 0 0

3 6 ,8 9 0 37

g e n t......................................................

A m o u n ts d u e th is c o m p a n y fo r
tr a n s p o r ta tio n on n o n -a id e d
a n d le a s e d ro a d s , o v e r a ll r e ­
q u ire m e n ts ........................................
L and Contracts —D e fe rre d p a y ­
m e n ts o n tim e s a l e s ......................

8 0 ,0 0 0 0 0

120 00

2 3 5 ,7 6 9 20

U n a d ju st ed A ccounts — C o n tin ­

U n it e d

1 3 6 ,8 7 1 3 0
1 9 ,8 7 6 52

7 2 4 ,5 0 0 0 0

C ash o n h a n d ...................................
C a s h on d e p o s it to re d e e m C a lif.
<fe O re. D iv . b o n d s, s c r ie s “ B ” .
A c c o u n ts re c e iv a b le .......................
B ills re c e iv a b le ...................................
So. P a c . C o .—C u rre n t a c c o u n t.. .

P a c ific

$ 0 1 1 ,5 3 7 92

1 9 ,8 4 5 82
12000

4 ,0 0 0 0 0

C u r r e n t A ssets :

So u th er n

APPLICATION TO THE NEW YORK STOCK EXCHANGE.

18 9 2.

$68,000,000 00
$ 5 9 ,0 0 8 ,0 0 0 0 0
1 0 ,0 7 2 ,5 1 7 57
$ 4 8 ,9 3 5 ,4 8 2 43
$ 2 7 ,8 5 5 ,6 8 0 00

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

1 3 ,0 8 6 ,7 8 3 27

$ 1 4 ,1 8 4 ,1 2 1 55

$ 1 4 ,7 6 8 ,8 9 6 73

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

00
24
00
00

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

00
22
00
00

2 8 4 ,8 8 9 93
$ 1 ,6 0 7 ,1 0 9 17

$ 1 ,8 2 3 ,7 0 9 22

$119 71

$ 1 ,2 0 1 ,1 5 4 4 0

$ 5 1 4 ,1 3 2 2 4

$ 4 2 9 ,5 5 7 2 0

$ 3 ,3 8 5 ,8 5 8 49

$ 3 ,3 8 7 ,1 0 8 49

Account:

P r o f it a n d lo s s b a la n c e ..................
U s e d f o r re d e m p tio n o f la n d

b o n d s............................ .................
U sed for sinking funds of the
com papy........................................
U se d f o r U n ite d S ta te s r e q u ir e ­
m e n ts ........ ........................................

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

1 0 ,2 0 5 ,6 8 0 0 0

1 6 ,6 4 9 ,4 4 3 02

1 6 ,1 0 2 ,2 8 8 96

1 3 ,6 7 1 ,5 5 8 45

1 3 .0 8 6 ,7 8 3 27

$ 4 4 ,0 2 4 ,0 8 6 9 0

$ 4 2 ,7 8 1 ,8 6 0 72

$ 1 7 6 ,5 6 1 ,8 6 7 45

$ 1 7 7 ,9 4 0 ,6 6 0 7 0

—Messrs, A. M. Kidder & Co. invite, by advertisement in
another column, Coeur D’Alene Railway & Navigation Com­
pany bondholders to communicate with them.
—The General Manager of the Bank of Montreal issued a
circular recently giving notice of the retirement of Mr. S. A.
Shepherd, third agent at New York, from the service of the
hank on the first of May. The business of the New York
agency will be conducted by Messrs. W. Watson and R. Y.
Hebden as agents, and Mr. J. T. Molineux, the accountant,
will continue to sign pro agent-

N ew Y ork , May 1, 1894.
The United States Cordage Company, being the successor
company to the National Cordage Company (reorganized),
was duly organized and incorporated under the laws of the
State of New Jersey, on December 27, 1893, with a capital of
$34,000,000, hereby makes application for listing its bonds and
stocks upon the New York Stock Exchange, as follows : $7,500.000 First Mort. and Coll. Trust Gold Bonds, 38.000,000 Guar,
Stock, $8,000,000 Pref. Stock, and $30.0u0,000 Com. Stock.
D e s c r i p t i o n o f B o n d s . — The $7,500,000 bonds are First
Mortgage and Collateral Trust Gold Bonds, issued January 1,
1894, and maturing January 1, 1924. Principal and interest
payable in United States gold coin of the present standard of
weight and fineness. Rate of interest is 6 per cent, payable
semi-annually on the first days of January and July of each
year, at the "company’s agency in New York. The Trustee
under the mortgage securing said bonds is the U. S. Trust Co.
The bonds are issued in two denominations of $1,000 and
$100 each, There are 12,000 bonds in all. of which 7,000 are
for $1,000 each, numbered from 1 to 7,000, both inclusive, and
5.000 for $100, numbered from 7.001 to 12,000, both inclusive.
All the bonds are coupon bonds but carry the privilege of
registration as to principal. The place of registration is at
the office of the Manhattan Trust Company.
The mortgage contains a special clause providing for a sink­
ing fund, which reads as follows: “ The said bonds, and each
of them, are entitled to the benefits of, and are subject to, the
sinking fund provisions contained in the said mortgage,
whereby bonds of said issue to the amount of one hundred
thousand dollars, face value, are to be delivered annually to
the Trustee for cancellation, or the sum of one hundred thous­
and dollars, in like gold coin, is to be paid to the Trustee an­
nually, beginning on the first day of January, 1897, which sum
shall be applied, from time to time, in the purchase and can­
cellation of these bonds, at or under the price of 105, or may
be accumulated and applied to the redemption of said bonds
at 105 on any January interest day, after drawing by lot and
publication as in said mortgage provided.”
*
Tne bonds are secured by a mortgage or deed of trust to
the United States Trust Company of New York, as Trustee,
covering all the real estate, buildings, machinery, fixtures,
engines, etc., represented by the following described mill
properties: Waterbary mills, situated in Brooklvn, N. Y .;
Wm. Wall’s Sons’ mills, situated ia Brooklyn, N. Y : Tucker
& Carter mills, situated in Brooklyn. N. Y : Victoria Cordage
Co. mills, situated in Dayton, Ky ; Xenia Twine & Cordage
Co. mills, situated in Xenia, Ohio; Rinek mill, situated in
Easton, Pa.; Miamisburg Cordage Co. mills, situated in
Miamisburg, Ohio; Miamisburg Biader Twine & Cordage Co.
mills, situated in Miamisburg, Ohio; Elizabethport Cordage
Co. mills, situated in Elizabethport, N. J.; Hanover Cordage
Co. mills, situated in Hanover, Pa.; Donnell Cordage Co.
mills, situated in Bath, Maine; Chelsea (formerly Suffolk)
mills, situated in Chelsea, Mass.; Sewall & Day Cordage Co.
mills, situated in Allston, Mass.; Boston Cordage Co. mills,
situated in Boston, Mass.; Lawrence Rope Works mill,
situated in Brooklyn, N. Y. ; Standard Cordage Com­
pany mill, situated in Boston, Mass. ; Middletown
Twine Co. mill, situated in Middletown, Ohio; American
Cordage Co. mill (formerly Field Cordage Co ), situated in
Xenia, Ohio; Ohio Twine & Cordage Co. mill, situated in
Xenia, Ohio; New Bedford Cordage Co. mill, situated in New
Bedford, Mass.; Chicago Cordage Co. (Wm. Deering & Co.)
mill, situated in Chicago, 111.; Galveston Rope & Twine Co.
mill, situated in Galveston, Texas.
Of the above-named mills, those of the Lawrence, Boston,
Standard, Middletown, New Bedford, American, Ohio and
Chicago Cordage Companies are still covered by a mortgage
of the Security Corporation, under which $6,000,090 of Se­
curity Corporation bonds were issued. Practically this entire
issue of bonds has now been acquired and is ia possession of
the U. S. Cordage Co., and the Security Corporation has
transferred all the aforementioned properties to this company
by deeds, dated April 18, 1894, subject to the existing liens.
On these so-called “Security Mills” there are outstanding
underlying liens to the amount of $1,141,000, maturing at
intervals during the next seven years. Against these liens
the United States Cordage Company has lodged with the
Manhattan Trust Company an equal amount of its First
Mortgage and Collateral Trust Gold Bonds. There is also
outstanding an underlying lien of $300,000 on the Chelsea
mill, against which a like amount of United States Cordage
Co. bonds has been deposited with the United States Trust Co.
The Galveston Rope & Twine Company has a mortgage
upon its mill for $100,000, hut the United States Cordage
Co. is the owner of the entire issue of the capital stock of the
Galveston mill, which stock is also placed under this mortgage.
With the aforesaid exception, the title of all the properties
is vested directly in the United States Cordage Company.
The mortgage also covers the good will of the various
properties and corporations.
The $6,000,000 of Guaranteed Stock of this company has
been issued for the purpose of acquiring the $6,000,000 of the
Security Corporation bonds before referred to, all of which
has practically been accomplished.

Ma y 12, 1894,]

THE CHRONICLE.

821

This stock is entitled to a firet preference of 6 per cent divi­
dends, which are cumulative after January 1, 1895 ; and the
whole or anv part of the stock is redeemable on any dividend
dav, at the option of the the company, at the price cf 105.
Beginning with the year 1896, the company will annually
C O M M E R C IA L
E P I T O M E .
set apart from surplus’ or net profits, after the payment of
F r i d a y N ig h t , M a y 1 1 , 1 8 9 4 .
dividends on all preferred stocks, but before the payment of
The volume of trading in all lines of staple commodities
any dividends on the common stock, the sum of §100,000, and
devote the same to the redemption of guaranteed stock, by continues below a seasonable average. There ha3, however,
purchase in open m arket or by draw ing the stock if it cannot in some respects been a slight increase in general business
be purchased at 105 or under.
during the present week. Operators also express greater con­
In ease of liquidation, the guaranteed stock has first preferfidence in speedy legislation upon tariff and other public
erenee over both the preferred and common stock.
The $8,000,000 Preferred Stock of the company i3 entitled measures, of such character as to stim ulate business in lead­
to 8 per cent dividends, cum ulative after January 1, 1896 ; ing articles of merchandise. Some minor labor strikes ex ist­
and the §20,000,000 Common Stock is entitled to 8 per cent ing one week ago have been settled, but the great coke and
dividends, non cumulative. Any further dividends declared
in any one year shall be divided pro rata between the holders bituminous coal strikes are still on, and have served to check
the development of m anufacturing and other operations.
of the preferred and common stocks.
In case of liquidation pref. stock has preference over com.
W eather conditions throughout a very large portion of the
Both the $8,000,000 Preferred Stock of the company and country have been of a most favorable character, and the
the $20,900,000 Common Stock have been issued to the Reor­
ganization Committee iu payment for the properties acquired present outlook for crops is generally favorable. Some sec­
by them, and for the purpose of delivering the same m ex­ tions report a rank grow th of w heat as possible influence to
change for the stocks of the National Cordage Company, in impair the yield. Evidences now indicate a large acreage of
accordance with the term s of the Reorganization Agreement. com, and crop well started. Swine have arrived freely a t
Under this agreement the preferred and common stocks of
the National Cordage Company are exchangeable, share for packing points and cured meats are easing off in price accord­
share alike, into the preferred and common stocks of the ingly. Speculation in general merchandise is very light.
United States Cordage Company; but, in addition thereto, the
Lard on the spot has continued in slow dem and and prices
holders of National Cordage Reorganization Certificates will have further declined, closing dull at 6?^c for piim e City,
be entitled to receive an equivalent of preferred stock of the 7-80c. to r prime W estern and 8T0e, for refined for the Con­
U nited States Cbrdage Co. to represent the cash assessments tinent, The speculation in lard for future delivery has been
paid by them respectively, the assessments paid having been quiet, and prices steadily declined under free receipts of
§30 per share on National Cordage Preferred Stock and §10 s w i n e at prim ary points and selling by W estern packers, un­
per share on National Cordage Common Stock.
til to-day when "there was a moderate rally on buying by
—
A
..
»
Anav ruatllvoAlo Ali\atn<v of Ah/Ivr
The company's transfer agent for all stock issues is the Man- i •. shorts
" 4to A
cover
contracts, closing steady.
hattan Trust Co., N. Y., and the U. 8. Trust Co. is the registrar.
BAO.T CLOSING PRICES O P LA RD F U T U R E S.
The Reorganization Committee have now practically com­
Sal. Mon. Tuts. Med. Ihurs. Fri.
pleted their labors and are about to be discharged, after hav­ M a y ............................... .
7 -8 #
7 ‘8 5
" ’SO
7 '7 5
7-70
7-8 0
J
u
l
y
....................................
.
.
.
--8
0
755
7o0
7-45 7 4 0
7-55
ing turned over to this company all the properties acquired
front the Receivers of the National Cordage Ck>.; and also hav­
Pork has been in light request, b ut prices have held fairly
ing furnished to this company an am ount in cash and merchan­ steady, closing a t §18 50(314 for mess, $14@16 for short
dise assets exceeding in value §2,500,000 as working capital.
clear," §14 50 for fatuity. Cut meats have sold slowly,
The company has no Boating debt. There is, however, a but prices have held steady, closing at7i37% c. for pickled bel­
contingent habiTty to pay to holders of certain trust liquida­ lies 12$lu lb s . average, 6<g8ViC. for pickled shoulders, and
tion certificates, issued in the liquidation of the affairs of the 19 lie. for pickled hams. Beef has been quiet at §7 50 38 50
National Cordage Company, a part of the deficiency which for mess, §8-<JJ 10 for packet, §10 312 50 for family and §18 320
may arise after closing out the collateral merchandise held by for extra India mesa. Beef hams are steady at §18. Tallow
certain secured creditor* of the National Cordage Company, has made a slight furthei decline, but the close was steady at
This merchandise wa* appraised in January. 1894, and if it 4:,s »>i 13-16,:. Lard -teariue is wholly nominal a t 10@103^c.
produces the am ount of that appraisal there will be no defi­ Oleo--marine has declined, elo-ing quiet at 7>i'c asked. Cotciency hut a surplus for the United States Cordage Company. I ton-.-e* d oil has been dull and largely nominal at 30c. for prime
The deficiency cannot be ascertained before January, 1865, | crude and 33c. for prime yellow. B atter is in fair dem and
and cannot exceed a certain sum, estimated to tie within and steady at 13$ 17c. for creamery. Cheese is fairly active
$500,000. It is payable only out of net earnings after pay­ and firm at 91* ;12c. for S tate factory, full cream. Fresh eggs
m ent of interest on the §7,500,000 first mortgage bonds, and are moderately active and steady at l i '4 J llJ jC . for choice
not until the closing out of the securities and property in the j Westernliquidation trust. No paym ent i» lik* ly to becom« due earlier
Raw sugars have sold readily a t full and gaining value,
than 1897 or 1898. even if a deficiency should arise.
I closing quite firmly, with offerings moderate. Centrifugal
The by-law* of the company provide th a t the Board of Di­ quoted 2;„c. for 96 deg. test and muscovado at 2 7-16c. for 89rectors shall pr> sent a t each annual meeting a full and clear deg. test. Refined sugars sold less freely, hut were in scant
statem ent of the business and condition of the company.
supply and firm at full rales ; granulated quoted at 4 5-10c.
The Board of Directors is compoied of the following gen­ Teas irr-gular, but inclined in buyers’ favor.
tlemen: Messrs, George G. Williams, President of the Chemi­
Coffee tendered w ith less effort to realize, and dem and
cal National Bank; E. F. C. Young, President of the First ; showing more force; prices have stiffened. Rio quoted a t Ifll^c.
National Bank of Jersey City, N. J : flf. W. Sherman, Presi­ for No. 7 flat bean aud 16c. for do cafe das aguas; good
dent of the Bank of Commerce; Valentine P. Snyder, Vice- Cucuta, 2'ri, it 21c. and interior P a ia n g at 23 4 23l£c,
President of the W estern National Bank; Francis Smith, Contracts for future delivery not active, but offered very
Rudolph Keppler, W. H. Corbin, Frank K. Sturgis, John carefully and prices were inclined upward, closing to-day a
Scott, William B. Sewall (formerly of the Sewall & Day trifle slack under European selling orders.
Cordage Co«), Ernst Thai man, Gostev H. Goasler and Harvey
The following were the final asking p rices:
A. Herrold. The officers are—W . H. Corbin, Vice-President M ay ...............J.V4 k % I A u g .......................15 000. | N o v ........................ 14-100.
and Treasurer; Appleton Sturgis, Secretary, and F. M. L >w- 1 J u n e .................. 15-45c. i -*•p t .................... 14-650. U e c ........................ li'O O o .
J u ly .............13-300.1 Oot..................14-350.1
ensu-in. Assistant Treasurer an 1 Assistant Secretary.
Kentucky tobacco has been in limited request a t steady
The Board of Directors is divided into five classes, holding
prices. Sales 150 hhds., mainly for export. Seed leaf to­
office from one to five yeans.
We beg to hand you herewith six copies of the mortgage, bacco sold with a trifle more freedom at fairly steady prices.
and the certificate from the United States Trust Company. Sates for the week were 1,500 cases, as follow s: 500 cases
Trustees and Registrars, as required: also the certificate of 1§92 crop. New York State Havana, 7 $ 15c.; 300 cases 1892
organization, a copy of the by-laws of the company and sev­ crop, Wisconsin Havana. 9 % 14c.; 300 cases 1892 crop. Penn­
sylvania Havana. 1 IJj <t 13c.; 100 cases 1892 crop. New Eng­
eral circulars of the Reorganization Committee.
Sample copies of the bond and stock certificates have land Havana, 18@40c.; 50 cases 1892 crop, New England Ha­
vana, seed leaf, 22027c.; 100 cases 1891 crop, Ohio, p. t., and
already been submitted to you.
150 cases sundries, 6 a3®c.; also 800 bales Havana, 68e.@
R*#tiectfullv mibmitfed,
§1 10, and 300 bales Sum atra, $2 90®.§4 00.
UNITED STATES CORDAGE COMPANY,
Busine-s in Straits tin has been quiet, but the m arket closes
W. H. County. Vice-President.
The committee recommended that §6,076,000 of the above unchanged from last week and steady at 20c. Ingot copper
described. §7.500,1100 First Mortgage and iCollateral Trust 6 has sold slowly, hut values have held steady at 9-30c. for Lake.
Per Cent Gold Bemdn of im \t Nosi, l to 5,956 inclusive, of Lead has teen without change and quiet, closing steady at
X> ineitisi f €>, of §100 each, be , 3*35c. for domestic. Speller has made no im portant change,
§1,000 escshi and Ntm, 7*001 to
admitted lo the list , Also that t:be C ommittee lie empowered closiug steady at 3 50c. for domestic. Pig iron is dull but
to add to the list fr om lime to 'll aa© WfS.OOO additional bonds j steady at §10 50(ei$l3 50.
of this i*tu* as Undierlying Bondii rrut taring in 1894 are paid. i Refined petroleum has been w ithout change at 5-15c. in
The com inutee nl m tmommm (led th a t §206,000 comrnon I bids., 2*65c. in bulk and 0'25c, in cases; crude in bbla. is unstock, tb i* §6.000.1
jgti&nuEriMd gfjx per cent stock, and | changed, W ashington closing a t 6c, in bbls. and 850c, in
§318,700 | ■referred :stock, be adm itted to the1list, and also that bulk; naphtha, 5?£c. Crude certificates have been steady,
:the com iiBittee be >•oipowcred to add the borlaoee of common ! closing with buyers at 8V ;(\ Spirits turpentine has ad­
d 30c. Resin is
and pr»*ferr*-d stoolc# as notified oi its issuaoice, the stocks of vanced with the South, closing firm at
scarce and higher at §1 22^.4 §1 27J£ for common and good
the Nat sonal Cord*ge Company t<o be reduoe 1 accordingly.
I strained. Wool is quiet but steady. Hops are dull and easy.
Adoptsd by the l iorerniDg Conim ittee Ma

£he Commercial 3Jim.es.

a

THE CHRONICLE.

822
C

O

T

T

O

N

Lvm,

[Vol.

Im addition to above exports, our telegrams to-night also
tive us the following amounts of cotton on shipboard, not

.

F riday N ight , May 11, 1S94.
cleared, at the ports named. We add similar figures for
TriE Movement of TnE Crop , 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, Pro luce Exchange Building.
this evening the total receipts have reached 27,850 bales,
o s SHIPBOARD, NOT CLEARED—FOR
against 38,823 bales last week and 44,391 bales the previous
week; making the total receipts since the 1st of Sept., 1893,
M a y 1 1 af —
O ther
C oast­
G reat
Total.
5,748,093 bales, against 4,821,536 bales for the same period of
B r ita in . F rance. Foreign w ise.
1892-3, showing an increase since Sept. 1.1893. of 926.556 bales.
Mon.

S at.

R eceip ts a t—
G a lv e s to n ..........
V e la se o , & o___
N e w O r le a n s..
M o b ile ................
F lo r id a ...............
S a v a n n a h ..........
B r n n sw ’k.& c.
C h a r le sto n ........
P t. R o y a l, &c.
■W ilmington___
W asb’to n , &o.
N o r fo lk ...............
W e st P o i n t ...
N ’p o r t N ., &o.

Tues.

Wed.

4

41

271
1,3 4 2
291
208
230
1,0 7 2
3 ,7 9 8
32
..........
19

......

......

........

967

149

629

331

369

......

......

.........

......

......

3 ,5 9 4
121

1,7 3 1
12

1 ,3 3 0
44

737
4

757
234

........

.........

........

.....

......

F ri.

Thurs.

469

526

835

794

416

......

. .. .. .

......

......

......

375

60

61

96

227

......

......

.........

........

........

1

6

Total.
2,7 3 6
1,342
6,4 4 0
6 23
2 30
4 ,1 1 2
3 ,7 9 3
851

25,5 9 5

12,335

54,0 3 0

469,960

29,517
21,856

7.498
4,619

85.9 7 0
58.5 0 9

502,159
684,982

15,300

300

41,761
3L.534

7 ,1 9 4
500

Total 1 8 9 4 ...
Total 1 8 9 3 ...
Total 1 8 9 2 ...

250
None.
3 ,900
None.
None.

105,026
20,144
23,471
22,388
13.903
18,150
226,470
40,308

5.811
3,034
4,000
3 ,700
None.
None.
5 ,550
3 ,5 0 0

None.
Non 3.
None.
None.
1,400
2 ,700

6.200

5 ,0 0 0

S lo c k .

8,301
8,129
5 ,100
3 ,950
1,400
6 ,600
12,050
8 ,50

None.
None.
None.
None.
None.
None.
300
None.

New O rleans...
Galveston.........
Savanrah.........
Charleston........
M obile...............
N orfolk.............
New York.........
Other port . . . .

L e a v in g

2 ,490
5 ,095

1,100

Speculation in cotton for future delivery at this market has
again
been moderate and cautious. The average tone was
...... ......
2 ,3 0 5 easy and the lowest rates of the season touched followed by a
49
29
915
505
618
159
136
6 87 slight reaction. The depressing influences were suggested in
59
129
53
50
260
2 04
204
........
. . . . . . . . . . . . . . . . . . ........
improving crop accounts, very limited demand from home
spinners and private advices from abroad claiming a poor out­
92
1,638
165
513
238
274
B o s t o n ................
356
7 26 look for the goods trade reported by both English and Conti­
726
1 ,2 0 0
2,087 nental manufacturers. Saturday’s deal was light and irregu­
517
4
355
Philadelph’ a& c
11
lar, the market finally closing with no positive change
2
7 .8 5 0 established in values.
3 ,6 3 1 3,694,1 2,390! 9 ,6 7 0
T ot’ls this week 4,856! 3 ,6 0 9
On Monday the demand was very
The following shows the week’s total receipts, the total since moderate, the offerings comparatively liberal and prices
declined some 8 points, August selling down to the 7c. level,
but afterwards gaining a small recovery. During Tuesday
Stock.
1892-93.
1893-94.
trading was light and prices irregular, with final rates much
R e c e ip ts to
T h is S in c e Sep. T h is S in ce Sep.
the same as the evening before.
Wednesday’s market
1893.
M a y 11.
1891.
W eek. 1, 1892.
W eek. 1, 1893.
developed no important feature except the great caution of
Yes­
4 1 ,1 2 6 all classes of operators and a few points gain in value.
G a lv e sto n ...
28,273
2,895 1 ,0 26,717
2,736 9 90,625
terday there was considerable irregularity finally after an
Velasco, &o.
1,342
33,0 4 9
1 ,384
49,5 0 2
average higher range of prices, closing at the figures of the
113,327
1 6 8 ,9 1 7
New Orleans
6 ,410 1,814,545 10,619 1,4 9 8 ,8 3 9
preceding day. The first official crop report of the season
10,143
Mobile...........
336
198 .1 8 7
1 65,075
15,303
623
was received from Agricultural Bureau indicating a shrink­
F lorida..........
34,758
28,0 2 7
230
age in acreage and planting, but the local trade thought the
S a v a n n a h ...
4,153
747 ,6 1 2
28.571
38,4 0 3
4 ,112 93 2 ,9 7 4
showing unreliable and refused to invest upon the informa­
Br’ wick.Ao
92,4 6 6
140,265
1,800
3 ,798
3,517
tion. To-day the tone has been irregular, but the bulls
Charleston..
760 2 7 5 ,1 7 0
851
3 3 6 ,6 9 6
26,3 3 8
26,3 3 6 secured most advantage through support of foreign advices,
P.Royal,&o
7 7 ,7 9 9
425
prices gaining 7@9 points. Cotton on the spot moderately
Wilmington..
1 88,755
390 157,333
5,119
5,856 active, closing firmer at 7 5-16c. for midding uplands.
71
W ash’n, <fec
499
755
The total sales for forward delivery for the week are 433,100
N o r fo lk .........
2 ,361 265,782
♦4,750
30,423 bales. For immediate delivery the total sales foot up this week
2 ,305 4 6 7 ,7 2 2
W est Point
1,293
3,423
1,809 4,460 bales, including — for export, 1,650 for consumption,
687 236 ,2 6 6
189,189
59,8 0 6
142
5,902
N ’p ’ t N ..& 0
204
19,289
810 —— for speculation and 2,800 on contract.
The following are
New Y o r k ...
559
44,355
238 ,5 2 0 230,132 the official quotations for each day of the past week—
69,8 3 0
2,953
B o s to n ..........
1,633
96,8 1 7
106,388
8,000 10,200 May 5 to May 11.
B a ltim o re...
726
423
60,0 9 3
14,490
8 ,4 7 4
57,139
Rates on and off middling, as established Nov. 23 by the
PhiladeL.&o.
2,087
55,1 2 9
1,879
8,327
4 6 ,7 2 0
13.670 Revision Committee, at which grades other than middling
may be delivered on contract;
T o ta ls ........ 27,85015,748,092 3 0 .1 5 0 !l,8 2 1 ,5 3 6
5 2 3 ,8 9 0 598 .1 2 9
......

71

In order that comparison may be made with other years, we
give below the totals at leading: porta for sir seasons.
R eceip ts a t—

1894.

| 1893.

Gaives’ n.cto.
New Orleans
M o b ile ..........
S avannah...
Char’ton,&o.
W iim ’ton.&o
N o r fo lk ........
W . Point,&o.
All oth e rs...

4,078
6,440
623
4,112
851
71
2,305
891
8,479

4 ,279
10,619
336
4 ,153
760
390
2 ,364
1,435
5,814

Tot. this wk.

27.810

30,1 5 0

1892.
4,708
20,739
705
5 ,2 3 4

1891.

1 8 90.

1889.

2,102

273
3 ,113
2 ,253
11.737

4,352
18,712
1.328
4,268
3,432
317
3,908
5.026
10,626

421
6,425
83
1 ,294
295
26
919

4,303
136
330
1,292
60
660

1,022
1.020

1,886
2,668

50,1 2 7

52,519

11,505

13,4 8 7

1,210

Binoe Sept. 1 571 8 .0 9 2 4S21.536 6 8 1 5 .1 5 2 6675 0 1 4 5 7 2 3 .8 8 2 54 5 3 .0 6 8

The exports for the week ending thi3 evening reach a total
of 54,411 bales, of which 29,4S8 were to Great Britain, 6,082
to France and 19,871 to the rest of the Continent. Below are
the exports for the week and since September 1, 1193.
E x ports
fro m —

Week E nding M ay 11.
From Sept. 1, 1892. o M ay 1 1 .1 8 9 4
E xported to —
Export? i to Great
Conti­ Total
G reat
Conti­
France
France
Total.
B riV n .
nent. Week. B rita in .
nen t.

Galveston.......
4,513
Velasco, Ac....
New Orleans.. 13,923
Mobile A Pen.
Savannah.......
Brunswick___
Charleston*...
Wilmington..
Norfolk...........
1,851
West Point___
N ’p’t News, Ac
New York......
6.839
Boston.............
1,894

Baltimore........
P h i l a d e l p 'a . . .

........
5,703

100
6,170

4,543
100
25,802

4,000

4,000
1,854

379

349
1,090

4,211
2,934
1,450

10,429
1.884
3,283
2,546

658,316 98,361
..............
727,296 402,901
30,303
500
111,798 32,697
38,555
2,600
228,893 16,206
68.309
153,472
350
76.497
40,155
408,153 17,109
219,823
40.757
5,937
21,576

113,712 770,419
31.928
31,928
389,008 1,519,208
820
31,623
356,518 601,013
25,355
66,510
148,655 393,754
99,095 167,4 01
14,550 170,372
19,467
95,964
..............
40,155
130,724 011,986
2.463 222,236
130,548 177,242
8,093
29,669

29,488

6,082

18,871

54,441 2,725,938 576,66 i 1,520,93614,829.638

41,878

543

17,864

59,785 2.087,291 607,7 -9 1,254.243 3 840 283

. • Including Port Royal.

on.
on.
on.
on.
oft.
ott.
oft.

.c . IM
... %

Fair

Good Middling.............
Strlotliow Middling..
Low M iddling..........
Striot Good Ordinary. . . .

Good Ordinary.................c. IJs o 9 .
Good Middling T in g e d ...
E ven.
Striot Middling Staiu-ed.. 7*3 oil.
Middling Stained ............. 7,6 oft.
Striot Low Mid. Staiued.. 23,2 oft.
Low Middling Stained___ 1^8 Oft.

On this basis the prices for a few of the grades would be as
follows:
S at.

U P L A N D S.
Good O rd in ary...............................
Low M iddling..................................
M iddling...... ......................................
Good M id d lin g ............ .......... .......

M on T u esl W ed

6 **
6ki
6>3l6 613ie
7*4
7-4
79,6
7 °ie
8 is
8%
S a t.

G ULF.
Good O rd in ary...............................
Low M id d lin g .................................
M iddling...........................................
Good M iddling.................................
M iddling F a ir ..................................

61*
6 l i lG
7M
7 9u>

6ks
613!
7VJ
7 fl6
8%

8*6

M on T u es W ed
63a

63s
7 fle

63*
7 i,e

7k>

7 ’3U
83s

7 1316
83a

61316
7 l 32
7Q

5 7s

7*4

6 1*
613,6
714

Sr

79m

7
v5
4 8

S'*

83„

TU.

F ri.

63*
7 l x*
71 ,

713,6
83*

67,6
7i«
7 9,«
77*
8fi«

TU.

F ri.

t 9* |
71l„ I
74s
71316!
8% |

| S a t. | H I o u T u e s W e d

ST A IN E D .

Low M id d lin g.................................. ! 5 78
M iddling................... ........................ 613le
S trio t M id d lin g ............................. 7> 2
Good M iddling T in g e d ................ 7 U

F r i.

TU.

5 7*

613,6
7 ‘22
714

5^8
S ib ,

71,2
7*4

515„
6 78

7331
73,»

MARKET AND SALES.

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.
SA LES O F SPO T AND CONTRACT.
SPO T M A R K ET
C L O SED .

Sat’d a y .
Monday
Tuesday
Wed’day
Thur’d-’y
F rid ay..

E x­
p o r t.

8te a d y .................

Con- Spec- Ootis u m p . u V V n tract.
244
301
182

....

592
141

....

Total. .......................................

....

1,660

....

200

S a le s o f
F u tu re s.

....

214
1,401
682
1,400
592
141

69,800
99,700
59,600
77,200
93,000
89,800

2,800

4,460

485,100

1,100
500
1,200

Steady .................
E a sy ......................
Q u ie t....................
Steady .................
Q’ t & s t ’y, iigad .

Total.

co

CM

?! 3 -

GO

f! 3 01

8

o

« « §
^

w ^ « s s jls js 5 s t - t F

io do"iff co co co*

sv s¥s
CM rHrl | O O f ©

O cr. co lO cr> - n
cqwtH lO 01

wtf

■*

of

®

COICO

H

3O
ft

*>«

LoiitevlUe,*
S h r e v e p o rt,

«H

C olum bus,
G reenville,!

o

&

o

W
o
a

W
H

ciJoS -*-* cScOsScfjcSacJcclcOccSoa

m

M

A

■ ■<i ►
f -‘cf iSs oy Sf la l «Kj xf

Cdf«5_-S
J-Ss3s ! ' a ” • §W

I p8 *f® e~ 2 SlS l2l«

= ' S ?T Hrenlm m ,
H ® S .K alla* ,
H 5 At J. Houxton,

I s I I s s s s s s
CD00 00 COOQCOOQco co ro
M a rk et, S a le s a n d
P ric e s o f
FUTURES

S a tu rd a y , M ay 5 —
Salon, t o t a l ...............
P rio es p a id (ran g e]
C lo sin g .......................
M o n d ay . M ay 7 —
S a le s, t o t a l .............
1’ricoB p a id (ran g e )
C lo sin g ......................

W ednesday, M ay 0—
S a le s, t o t a l ...............
P ric e s p a id (ran g e )
C lo sin g .......................
T h u rsd a y , M a y 10—
B ales, t o t a l ...............
P rice# p a id (rang e)
C lo n in g ....................
F rid a y , M ay n _
Boles, t o t a l .............
PriccH p a id (ran g e)
C lo s in g .. __________
Tlltlll
I Mu wr.-li.
A v e ra g e p ric e , w eek.
Halos s in c e Hop. 1 *0:v*

2 ^ S - C | K « i e i Kh;
p iC In e ln n a ti,
S . 2 « C o lu m b ia ,
£ m 3 a (N e w b erry ,!
—1 a
— M .in |.in ~ ,

■
3l l l a-!-i=" ■*fS W a "2 S ’Naah vlllo,

gj P-S 8 W . j - 8 f i g
I s
00 CO

T u e sd ay , M sy 8—
S a le s, t o t a l ...............
P ric e s p a id (ran g e)
C lo sin g .......................

3

m

S t i : « § : :g « i : • S « S ' S m 2 '2 § 2
2 S a ’H | & : | o • « S | § | ci tD| S ' ^

? is |P l|e § |

^ fc o* 5s1
£ Sf 8 I
M a rk et,
R ange a n ti
T otal S a lts.

00
520
m

I,O ltl*l ANA..
Mt**XS«ll*I-I.

Nat,•her,
V icksburg,
Yazoo City,!
St. Lou l a /
M is o o tn u ! ..
C harlotte.
K. c a b o ijm a

• r-J ■WPJ hV. S

35
05
63

IB S

KKXTnCJCY ,

O n to __ . . . .
8. CAItOUNA

Tesnr*»ee .
T kxa * ___

T o ta l, 31 to w n *

June.

J u ly .

A u g u s t.

I Septem ber,

— -SA.pm <s

, Nirtre
.S ep t. 1 ,’92.

19,313
129,967
03.739
34,008
69,058
34,159
65,41*4
125,161
179,547

IP .0 6 1
1 0 3 ,2 3 4
8 1 ,1 8 2
3 1 ,0 3 0
3 4 ,283
2 9 .873
3 6 ,483
1 00.032
18 6 ,0 4 9
83,761
81,591
6 8 ,0 2 7
7,306
6 1 ,3 1 5
19,876
2 9 ,0 3 6
2 2 ,1 0 8
3 4 .2 0 0
49.467
3 3 ,3 8 3
4 * 7 ,9 8 3
18.986
2 1 .986
171,537
3 8 .8 7 3
10.940

6 4 ,314

4i
63
13
276
11

60,223
5H.S58
5,845
75.997
25,310
&
*.’9,3* 0
309
32,145
73
36,0*0
498
60,003
VI
48,125
4,513
54 4,639 |
m i
19,735
\m |
•i7vt.fi l |
5,658
200.140
20 j 23.173
5«
11,0261
1,002 I 473,307 1
9- i

* 10.202

3 6 ,6 0 6

35.121
* 9 .1 0 0
3 7 .3 3 7
2,3 2 8 ;1,08 7 ,0 9 7

31 1 4i,t>54
05 1 43,804 |
2 ,1 9 9 j 1,033,142
16,332 3,671,871 1
K A G II

M ay.

M ovem ent to M a y 1 2 ,1 8 9 3 .
Receipts,
i .
., ,

1 Since
\S e p t.l,'9 3 .

103

Meridian,

Ill'll y |

i S | “ s®

: 3 ®S.S“ 2

33
t i *2 cj -W -w-*J 4J *j +3 *j pj *.>

......

Macon,

< 2 ^ 2 3 "frr§

! gjs§§£I£
P4

......

A lbany,

R om e,

| l ofl s 5K!3s

•5

E ufaula,
A labam a .
M ontgom ery,
“
Selm a,
11
H elena,
Ar k a n s a s ,
A th e n s,!
A tla n ta
A e g u s ta ,
C o lu m b u s,

'O t>

S q § o o o o ci o o q o © ©
os co a- os l> »■*t &
S S “ CS<o
MCOH I"’4
t> »h Ai
<0

T h is
week.

U n its Kook,

5® J,

--- H© f-

C CO03 os C ot
2 S « _£ CDCOCO H
h OSCl

i*

ot

•2 m ,o ”
© w

M o vem ent to M a y 11, 1894.
Receipts.

T o w n *.

^

| | i l | Iljl'?
|# ?
' J®r-wj ©eTeT-w

m.s ~ © o

C 03 OSd CO-1*iH
!;- COr- CO** CO
•#0101 I-CM
of

2rH0*c*w

£0
a .o o

,f7l H

S>01 ©

!§

co ooc> «©eoofco-T©

®

WC>
$

C5•HOit®
Trtf*,..**"
s ls t" ®

COCDOOb-t-W
*83*33

S H3 * «

IS S

gg S-O

§333

:>GOi>CO

o > x °„
OCt*. co •Ow*IOoT OCofxjT00o'Ci
^O H

T his
w eek.

155
656
327
6 02
3 25
40
722
3 77
1,381
7 03
329
346
56
3 3*
H9
377
1 ,1 8 5
1,936
10,262
61
23*
5,1 6 6
25
6,501
138
4 07 I
30 I
2,781 I

atoe»

H a y 12,
1,417
6.757
3,139
3 ,3 0 0
6,5991
1,891
6,018
5,057
16,389
6 .9 5 6 '«
3.6 4 5 a
--- ®
4,337
961

- iiis .f i
,s : B jllfj
2.06*
___ i g£ , 5 » S B ® * "

»,
1. ,3 * 7 “ 1 ® M
5.0 6 2 2 | a i ® S H a 2

U ,S 3 B ,« S ,
»3o, § | £ :
08.6*21 : „
150 * S
1 .9 9 5 ,2 *

— ,«r—35 J c3
■mis;* f i l l s
49,
8,556 n

7 .8 1 * 3 ^ 1 5 0 I g ^

1 9 ,552 3 .3 0 2 ,3 * 7 ! 3 5 ,6 6 9 i 2 13,086

U O H TU ,
Ja n u a ry.

| Jehruar

F ir m e r.
A v e r . . ------- A v e r .. 7 00 A v e r . . 7*05
A t , , k - J ' 13. * ™ •• '•!* • A v e r . . 7*21 A v e r . . 7 - 2 0 A y e r . . 7*35 A v e r . . .
6 9 ,8 0 0
10,900
11,900 A v* J o a L° 10
too |
,., 3 -®S° I
3 .0 0 0 I
3 .0 0 0
9 ,4 0 0
C -970 7*35 6*97 0 7 0S 7 -0 2 0 7-08 t_ l23 i9,82
2
’H
i ' } ° 0 7 ' 15 7 - i a » 7*1$| 7 -1 9 0 7-23! 7 - 2 2 # 7 '2 9 — o 7-35
_ «
E a s ie r.
6*92— 6 ‘91 6 - 9 8 - 7 - 0 3 - 7-04 7*08— 7*091 7 - 1 0 - 7*11| 7 * 1 2 - 7-14: 7 * 1 7 - 7-1*1 7 2 * 2 - 7*2* 7 '2 7 — 7*29
_ _
W e e k .'
A v e r . . 0-88 A v e r . . 6-93 A v e r . . 6-99
7*03 A v e r .. 7 0 8 A w . . 7*07 A w . 7 l l ' A r e r . . 7 17 A v e r . . 7-24 A v e r . 9 3 ,7 0 0
500
1 0 ,1 0 0
1 5 ,000
* 4 ,3 0 0
6 ,9 0 0
3 ,8 6 0
1 00
0.3 0 0 i
1,000
I
6 8 8 0 7-25 0-88O e * 9 l0 0 99 6* 9 6 # 7-01 7* 0 0 # 7 0 6 7 -0 3 # 7 0S 7 * 0 6 * 7 09
7* 1 1 * _
7 -1 5 # 7-19 7*23# 7*25
_ «
L o w e r. 6 - 8 8 - 6-90
7 0 3 - 7*04 7 0 5 - 7 06 7 - 0 8 - 7*09 7 - 1 2 - 7-13 7 - 1 7 - 7-19! 7 - 2 2 - 7'S *!
- _
F ir m e r,
A v e r . . 0-92 A v e r .. 6-93 A v e r .. 6*99 A v e r ..7 9 1 3 1 A v e r .. 7 00 A v e r . . 7*07 A w
7-10 A v e r ,. 7-to 'A v e r .. 7 * 2 lU v e r
5 0 ,6 0 0
*00
1 3 ,200
1 0 ,800
18,300
3,500 .
3 ,7 9 0 ,
'o o 1
8^00
1,000 f r * r -6*80 v 7*21 (1-000 6-93 6 * 9 1 * 0-97 6 -9 6 # 7-02 7*010 7 0 S 7 -0*9 7-10 7 0 6 # 7 12 7*10 1,200
7 -1 5 0 7*21; 7 -2 1 0 _ «'
6 9 0 - 6-91 6 - 9 4 - E a s ie r.
7-0* - 7*05' 7 - 0 7 - 7'08 7*08— 7 0 9 ! 7*12 ?*X3

7 -1 7 - 7-18; 7 - 2 * - 7*25.1 _

|

it.ii<-A.

|

A p r il.

.[ A v e r . . ------- i A v e r 71—

a m
S » B S B
*°
g fe 7® P K
S % § ^ ft*w "3
.....
B ;s =

1 4 :ff!!tJ
e, *

Me*. JZ

■v«P»sh

= S N 3 3 S 3 ;C
" l * t e 8 H 9 ’*N O

' »A t 3 *

A v e r . . --------A v e r .

j A v e r ..

A y e r.

H N h NMMHHM
i m «* « » « «
„ JC 2 he £ ®
o cS P ^
S3SSSSSSS
h r.

I

_

S te a d y .
A v e r . . 6-04 A v e r , . 6*07 A v e r . . 7 0 3
10i A v e r . . J M U A v e r
? H » ;A v e r . . 7 92 A v er
A v e r ..
7 7 ,2 0 0
300
1 3 ,6 0 0
1 3 ,000
0 ,6 0vv
0 iI
”3 viu
oimvu
5 ,6 0 0 j
4 .8 0 0 t
ri.tiiiu
4 in n i
ilo
n7*30
n
00 i
o i;
6* 9 4 0 7*30 n - n i * 6*94 » 6-09 0-93 0 7*05 7* 0 4 # 7*10* 7 * 0 7 # 7*13: 7 ’0 0 » 7*15 7 * 1 85#,0 7*JO*
7 * 1 8 # 7 *S5 « . # 7 .9#
0
H ig h e r.
U -9 S - 6-96 6 - 9 8 - 6 99 7 0 t - 7*05 7 - 0 8 - 7-09 7 * 1 1 - 7*121 7 * 1 3 - 7 * llj 7 * 1 9 - f l u j 7 * 8 3 * ?-a*J 7 2 9 - 7 3 0 ,
F irm e r.
A v e r . . 7-01 A v e r .. 7-00 A v e r ., 7-06 Aver
1 0 'A v e r . . 7-13 A v e r
16 A v e r .. 7-21 A v e r .. 7-2 A ver . 7-31 | A v « r .. A v e r ..
9 3 ,0 0 0
100
14,800
16,200
36.000» I
5 ,3 0 0 1
6
800
7,400 |
3,300
6*98 0 7 3* 0 7*01 6*98 # 7*04 7 0 3 0 7*09 7-07 0 7*14 7 -1 0 4 7*17 7* 1 88#,5 70 -1
9 1 7*1 8 # *?.ee!
7*28# 7*34:| —
E asy ,
- i»
6*1)5- 6-97 0 - 9 9 - 7*04— 7*05 7 - 0 8 - 7*09! 7 -1 1 - 712 7 * U — 7*15 7 * 1 8 - 7-20! 7 2 8 # ‘
7*2*—
7 -2 9 - 7*31;
—* M.
S te a d y ,
A v e r .. 7 0 * A v e r . 7*09 A v e -r - 7 ‘1 3 jA v e r .. 7 1 6 A v e r . . .
A v e r ....
19 Aver . 7-2* Aver .. 7-30 A v e r .. 7*3*: 4 f # f
ji4 y # r
m .H o o
15,600
2 8 ,8 0 0 |
4 ,2 0 0 I
1 1 ,400
4.400 |
1 5 ,000
1,600 1
7* 0 0 9 7 37 —
7 * 0 0 # 7-07 7 - 0 5 - 7 13 7 -1 0 0 7-16 7-1 : t a 7-20 7 -1 6 # 7*23
—« m'
H ig h e r.
7 * 0 4 - 7*05 7 - 0 7 - 7-08 7*1 2 0 7-13 7 - 1 6 - 7*1 T| 7 1 9 - 7*20 7 - 2 2 - 7-23 7*22e 7-281 7-28# 7-33 7*34# 7*S?I *~ # ‘* n
7*27- 7*28( 7-32- 7-3*' 7*3fi-- 7*30 i
4 8 3 ,1 0 0
1,3 0 0
7 7 .4 0 0
8 2 ,5 0 0
1 8 6 .2 0 0
28,300
3 4 ,5 0 0
15,500
50,300
7.1 0 0
694
6-9 8
7 04
7'03
7-11
7 13
718
7 23
729
3 0 ,3 0 0 ,2 0 0
5 ,8 3 0 .0 0 0
2 .0 8 3 ,0 0 0
7 9 1 ,2 0 0
1 .* 8 3 ,7 0 0
126,000
1 59,700
7*,900 '
193.500
2 9 ,8 0 0 I

- 'A v e r

1

824

THE CHRONICLE.

[V ol . LV III,

(Qu o t a t i o n s f o r M i d d l i n g ! C o t t o n a t O t h e r M a r k e t s . —
W e a t h e r R e p o r t s b y T e l e g r a p h . — Our telegraphic ad­
Below we give closing quotations of middling cotton at South­ vices from the South this evening are in the main of a favor­
ern and other principal cotton markets for each day of the w eek.
able character. The temperature has been satisfactory and
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
cotton where up is growing finely. The rainfall has been
Week e n d in g
M ay 11.
light as a rule and in the Southwest dry weather has been
F ri.
Wedixes. T h urs.
B atur.
M on.
T u ts.
quite general. Moisture would be of benefit in some sections.
0i3jg
O a lv e s to n ...
6*8
61*i«
6 7a
61*18
61*18
N e w O rleans
6**18
6 7s
6 7s
6 i *18
Galveston, Texas.—We have had only a trace of rain the
61*18
61*18
M o b ile .........
6 i3j„
6 \
6 H 18
6 H 18
6 **ie
6 *lla
past week. The thermometer has averaged 78, the highes t
B a v a n n a h . ..
6 7q
6 7s
6 78
6 78
6 78
6 78
C h a r le sto n ..
6 7a
7
6 78
6 7a
6 78
6 78
being 81 and the lowest 74.
7
W ilm in g to n .
7
7
7
7
7
Palestine, Texas.—Crops are doing well. We have had rain
N o r fo lk .........
6
7s
6
7s
6 7e
61*18
61*18
61*18
B o s t o n ..........
7*4
7*4
7*4
7*4
7*4
on one day of the week, the rainfall reaching fifty-eight hun­
B a ltim o r e ...
7*4
7*4
714
7*4
7*4
7*4
dredths of an inch. The thermometer ha3 averaged 76, rang­
P h ila d elp h ia
7=8
7=8
7*8
7&8
7*8
7*8
7
A u g u sta . . . .
7
7
7
7
7
ing from 64 to 88.
7
M e m p h is ....
7
7
7
7
7
Huntsville, lex a s.—There has been no rain the past week.
Bt. L o u is ___
7
7*e
7%
7%
7
7>i8
Moisture
is needed. The thermometer has ranged from 64 to
H o u s t o n ___
6*^10
6 7s
6 7e
61*18
61318
61*16
C in c in n a ti..
7>4
88, averaging 76.
7*8
7*8
7*4
7*4
7*4
L o u is v ille ...
7*4
7*4
7*4
714
714
714
Dallas, Texas.—We have had good rain on two days of the
The closing quotations to-day (Friday) at other important week, beneficial to crops, the rainfall reaching one inch and
ninety-one hundredths. Average thermometer 79, highest
Southern markets were as follows.
A t la n t a ..............
6 ‘>8 L ittle R o c k ___
6 -Si I N e w b er r y ______
6*a 92, lowest 66.
San Antonio, lex a s.—Rain would improve crops to some
C olum bus, G a.
6 5 , M o n tg o m er y ... 6*« I R a le ig h ..............
6%
C olum bus, M iss
t>t, N a s h v ille ___ _
7
I S elm a....................
f i t extent, but there has been none the past week. The ther­
6*s N a tc h e z .............. 6 iij e I S h r e v e p o r t.....
6*s mometer has averaged 81, the highest being 94 and the low­
E u fa u la ............
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 table est 68.
indicates the actual movement each week from the plantations.
Luling, Texas.—It has been dry all the week. The ther­
The figures do not include overland receipts nor Southern mometer has averaged 81, ranging from 68 to 94.
consumption; they are simply a statement of the weekly
Columbia, le x a s.—Crops are doing fairly well, although
movement from the plantations of that part of the crop which there has been no rain all the week. The thermometer has
finally reaches the market through the outports.
ranged from 66 to 88, avaraging 77.
Cuero, Texas.—Dry weather has prevailed all the week but
Week
Receipts a t the Ports. SVk a t Interior Towns. Rec’pts from PlanVns, crops are doing quite well. Average thermometer 81, highest
Ending—
94 and lowest 68.
1892.
1893.
1892.
1893.
1894.
1892.
1893.
1894.
1894.
Brenham, Texas.—Crops are doing pretty well. We have
A p r . 6 ........ 63,958 61.569 54.279 367.991 355,257 245,342 41,505 26,392 33,665
had a trace of rain the past week. The thermometer has av­
“
1 3 ........ 62.416 53,243 63.867 847,989 333.387 218,173 42,414 31.373 36,698
2 0 ........ 43,207 42.896 47,903 320,683 307.836 203,041 15.901 17,344 32,771 eraged 78, the highest being 90 and the lowest 66.
Belton, Texas.—The weather has been dry all the week,
2 7 ........ 49,283 46,144 44.394 301.912 280,297 184,945 30,512 18,605 26.298
The thermometer has averaged 81,
i t a v 4 ........ 50,870 30,668 38,823 283,018 269.203 170.936 31,976
9,874 24,814 cotton is growing finely.
“
1 1 ........ 60,127 30.150 27,850 264,971 243,086 155,917 32,080 14,033 12,831 ranging from 68 to 94.
Fort Worth, lexas.—There has been hard but generally
The above statement shows: 1.—That the total receipts from beneficial
rain on one day of the week, the rainfall reaching
the plantations since Sept. 1 in 1893 are 5,827,843 bales; in one
inch and sixty-one hundredths. The thermometer has
1892-93 were 4,935,988 bales; in 1891-92 were 7,054,194 bales.
ranged
from
64 to 94, averaging 79.
2.—That although the receipts at the outports the past week
Weatherford, lex a s.—Crops have been benefitted by the
were 27,850 bales, the actual movement from plantations was heavy
rain which fell on one day of the week, the rainfall
13,831 bales, the balance being taken from the stocks at being one
inch and thirty-two hundredths. Average ther­
the interior towns. Last year the receipts from the plantations mometer
81, highest 100 and lowest 62.
for the week were 14,033 bales and for 1892 they were
New Orleans, Louisiana.—There has been no rain all the
32,080 bales.
week. The thermometer has averaged 75.
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 .—
Shreveport, Louisiana.—It has rained on one day of the
We give below a statement showing the overland movement week, the precipitation reaching forty-one hundredths of an
for the week and since September 1. As the returns reach us inch. The thermometer has averaged 76, ranging from 65
by telegraph late Friday night it is impossible to enter so to 87.
largely into detail as in our regular monthly report, but all
Columbus. Mississippi.—Rains have been local; a large area
the principal matters of interest are given. This weekly is still needing moisture. Weather now sultry. There has
publication is of course supplementary to the more extended been rain on one day of the week, to the extent of six hun­
monthly statements. The results for the week ending May 11 dredths of an inch. The thermometer has ranged from 56 to
and since Sept. 1 in the last two years are as follows:
90, averaging 69.
Leland, Mississippi.—Rainfall for the week five hundredths
1 8 9 3 -9 4 .
18 9 2 -93.
of an inch. Average thermometer 74T, highest 86 and
M a y 11.
lowest 64.
Since
Since
Week. Sept. 1.
Week. Sept. 1
Meridian, Mississippi.—Telegram not received.
Little Rock, Arkansas.—Rain has fallen on two days during
S h ip p e d —
V ia St. L o u is .....................................
5 ,7 7 6 5 2 0 ,7 0 0 1 0 ,2 8 2 4 2 6 ,6 6 6 the week, to the extent of ninety hundredths of an inch, and
V ia C airo.............................................
2 ,2 1 0 1 8 8 ,7 6 0 more is threatened.
1,4 3 3 2 2 1 ,7 9 0
The thermometer has averaged 75'2,
V ia H a n n ib a l....................................
13,7 0 3
21 13 8 ,0 4 8 ranging from 64-7 to 87.
7,2 6 3
1 4 ,020
25
Helena, Arkansas.—A trip through Mississippi shows crops
2 .3 8 4 1 1 0 ,6 1 2
4 ,5 9 8
1 1 1 ,0 4 7
V ia C in c in n a ti..................................
1,2 0 2
9 9 ,8 2 5
5 ,3 2 6
9 3 .6 0 3 to be in good condition. More corn has been planted than
2,5 1 9 1 5 2 ,1 7 2 formerly. It has rained slowly on three days of the week,
987
1 2 0 ,549
1 4 ,0 4 6 1 ,0 9 4 ,8 7 7 2 2 ,7 6 7 1,12 3 ,8 8 1 the precipitation having been one inch and fifty-nine hun­
D ed u ct sh ip m en ts—
dredths. There are indications of more rain. The thermom­
O verla n d to N . Y ., B o sto n , & c ..
4 ,4 5 1 2 7 8 ,9 4 5
5 ,8 1 4 2 5 7 .5 5 6 eter has ranged from 61 to 87, averaging 74.
8
B e tw e e n in te r io r t o w n s ..............
2 1 ,5 7 6
14
2 1 ,501
Memphis, Tennessee.—The early part of the week was favor­
1 ,1 3 0
9 4 ,2 8 7
905
62,111
able for farm work but latterly there has been too much rain.
5 ,5 8 9 3 9 4 ,8 0 8
6 ,7 7 3
3 4 1 ,1 6 8 Rain has fallen on the past four days to the extent of two
inches.and fifty hundredths, and it is raining now. Average
L e a v ln g t o t a l n e to v e r la n d * ..
8 ,4 5 7 7 0 0 ,0 6 9 1 5 ,9 9 4 7 8 2 ,7 1 3
thermometer 74'2, highest 88-8 and lowest 621.
* I n o lu d ln g m o v e m e n t b y r a il to C anada.
Nashville, Tennessee.—We have had rain during the week,
The foregoing shows that the week’s net overland movement the precipitation being one inch and thirty-four hundredths.
this year has been 8,457 bales, against 15,994 bales for the The thermometer here has averaged 73, the highest being 88
w e e k in 1893, and that for the season to date the aggregate net and the lowest 62.
overland exhibits a decrease from a year ago of 82,644 bales.
Mobile, Alabama.—The crop is developing promisingly
but rain is needed in most sections. We have had no rain the
189 3 -9 4 .
18 9 2 -93.
I n S ig h t a n d S p in n ert*
past week. The thermometer has averaged 75, ranging from
T a k in g s.
Since
Since
64 to 87.
Week. S e p t. 1.
W eek. Sept. 1
Montgomery, Alabama.—There has been no rain all the
R e c e ip ts a t p o r ts to M ay 1 1 .......... 2 7 ,8 5 0 5 ,7 4 8 ,0 9 2 3 0 ,1 5 0 4 ,8 2 1 .5 3 6 week. Moisture is needed in this section, but with that excep­
N e to v e r la n d to M ay 11...................
8,457 7 0 0 ,0 6 9 1 5 ,9 9 4 7 8 2 ,7 1 3 tion cotton is doing fairly well. The thermometer has ranged
S o u th e r n co n su m p tio n to M ay 11 1 2 ,0 0 0 5 6 7 ,0 0 0 1 1 ,0 0 0 5 5 1 ,0 0 0
from 67 to 90. averaging 78.
Selma, Alabama.—Toe weather has been dry all the week.
T o ta l m a r k e te d ............................ 4 8 ,3 0 7 7 ,0 1 5 ,1 6 1 5 7 .1 4 4 6 ,1 5 5 ,2 4 9
79,7 5 1 * 1 6 ,1 1 7
I n te r io r s to c k s in e x c e s s ................. * 1 5 ,0 1 9
1 1 4 ,4 5 2 Average thermometer 75, highest 89 and lowest 63.
Madison, Florida.—Stands of cotton look somewhat better.
C am e in t o s ig h t d u rin g w e ek . 3 3 ,2 8 8
4 1 ,0 2 7
T o ta l in s ig h t M ay 11................
7 ,0 9 4 ,9 1 2
6 ,2 6 9 ,7 0 1 There has been rain on one day during the week, but to an
inappreciable extent. The thermometer has averaged 78, the
N o r th ’n s p in n e r s ta h ’ga to M ay 11
1 ,3 2 1 .4 0 7
1 ,5 6 3 ,8 4 5 highest being 90 and the lowest 60.
* D e o re a s e d u r in g w e ek .
Columbus, Georgia.—Dry weather has prevailed all the
It will be seen by the above that there has come into sight week. The thermometer has averaged 79, ranging from 65 to
during the week 33,288 bales, against 41,027 bales for the 89.
same week of 1893, and that the increase in amount in sight
Savannah, Georgia.—There has been rain on three days of
to-night as compared with last year is 825,311 bales.
the week, the rainfall reaching one inch and fifty-four hun-

THE CHRONICLE

Ma t 13, 1894. J

dredths. The therm ometer has ranged from 64 to 88, averag­
ing 75.
Augusta, Georgia.—The w eather has been cloudy and
warm, with general ra ia on five days of the week, to the ex­
tent ol one inch and fifty-five hundredths. Crops are in good
condition and chopping-out is vigorously progressing. Aver­
age thermometer, 75, highest 90. lowest 59.
Charleston, South Carolina.—We have had rain on four
days of the week, to the extent of ninety hundredths of an
inch. The therm ometer has averaged 74, the highest being
82 and the lowest 65.
Stateburg, South Carolina.—The week’s rainfall has been
ninety-six hundredths of an inch, on five days. The ther­
mometer has averaged 76'3, ranging from 61 to 93.
Wilson, North Carolina.—We have had rain on two days
during the week, the precipitation reaching ninety-eight hun­
dredths of an inch. The therm om eter has ranged from 64 to
87, averaging 76,
The following statem ent we have also received by telegraph,
showing th e height of the rivers at the points nam ed at
8 o’clock May 10, 1894, and May 11, 1893.
M a y 10, 91-1 M a y 11, ’93.
Meet.
'
Peel.
12-7
I
14-6
N ew O r le a n s ___ ___ A b o v e lo w -w a te r m a rk .
10 3
1
34-9
M e m p h is ..............
5-2
17-7
N a sh v ille ............ ...A b o v e lo w -w a te r m a rk
252
S h re v e p o rt
1
18-4
29-8
i
46-3
V ic k s b u r g ............
I n d i a UOTTOS M o v e m e n t f r o m

all

BOMBAY B S C B IfT S AMD S B 1PM ENTS YO B * O 0 B TEA K S.

I t a r g r e a t I O m itS r i l 'n J nm t.
'9 3 -1 1
>93-3
>91-2:
80-1;

Shipment* ttnce Sept, 1.

, ,

Touu"

g r e a t 1 C o n ti­
Britain. n e n t.

.......... 3 1 ,0 0 0 31.0001
2 ,0 0 0 3 2 ,oOO 34,0001
3 0 0 0 •27.000180,000
S.OoO' ta.oOO 53,0001

4 1 .0 0 0 5 7 5 .0 0 0
3 2 .0 0 0 -5 5 5 ,0 0 0
44 .0 0 0,'5 1 9 ,0 0 0
7 9 ,0 0 0 6 9 5 ,0 0 0

Meceipu.
Thit
Since
Week. Sept. 1.

T o ta l.

6 3 .0 0 0
9 0 .0 0 0
8 9 .0 0 0
7 2 .0 0 0

1.399.000
1.283.000
1 .243.000
1 .632.000

According to the foregoing Bombay appears to show
a decrease compared with last year in the week’s receipts o
37,000 bales and a decrease in shipments of 3,000 bales, an
th e shipments since Sept, 1 show an increase of 29,000 bale-.
T he movement a t Calcutta, Madras, and other India ports f. i
th e last reported week and since the let o f September, for twc
years, h a s been as follows, “ Other ports" cover Ceyloo
Tuticorin. Kurrachee and Coconada.
Shipments for the week.
Great
GmU*Total.
Britain. neni.

C a lc u tta —
4 8 9 3 -9 4 -

1.000

1893-91.
1802-03,.

A il o th e r s —
1893 9 4 ...

1 8 9 2 9 3 ...

ItOtCkl Ifell—

1893-01. .
1892-03-.

......

16,000
9,000

23,000

23.O0O
10,000

17,000
8,000

43,000

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

1,000
2,000

1,000
2,000

24.000
21,000

46,000
30,000

1,000
......

4,000
2 0OO

5,000
2.000

63.000
40.000

100.000
84.000

169.000
104.000

periods of the two previous years, are as follows:
» M o * n t o s o a o r s n o n a l l u t d ia .
1892-93.

1 8 9 1 -9 2

S in e t
S ep t, X,

T h it f S in c e
m eek, I S e p t. 1.

T h u | S ince
w eek, | Sept* 1.

189 3 -9 4 .
T h is
meek,

i m n 'm f . . . . . . .
U io th e r p o r t s

3 1 ,0 0 0
5 ,0 0 0

0 1 0 .0 0 0
1 8 9 ,0 0 0

34. 000! 5 8 7 ,0 0 0 3 0 ,0 0 0

T o t a l...........

3 0 ,0 0 0

785.O0O

3 0 ,0 0 0 i 4 9 1 ,0 0 0

A

l e x a n d r ia

R e c e ip t s

a sd

A p r. 6
“ 13
■■ 20
“ 27
M ay 4
“ 11

d.
6**
6%
sq
ehs
6
6%«

d.
07%
®7=e
® 7%
®7>a
V 6 ts
®7*8

1893.
Oott*n
M id . 3 2 , Oop.
Tunst.
U plds

8% a * .
S h irtin g * .
s . d . g, d.
5 2 0 7 1**
5 l* a ® 7 1
5 1*307 1
4 1 1 * 8 ,7 0
4 1 0 , 0 6 11
4 1 0 , 0 6 10

d.
d.
7% 0 8 %
73a ®8*a
7% 08*4
7*4 ®8*s
3151S 7
077$
O T ’a
3 ,0 is 7
d.
4h8
4 ,
4 ,
4B s

8 H lb*.
S h ir tin g * .
s.
5
5
5
5
5
5

d.
s.
9*807
8*a® 7
8 07
7 07
6 ®7
6 07

a.
6
5
4*8
3J*
2
2

Oott’n
M id .
V p id i

a.

f49
S 18
IS18
* 516
4*a

S e a I sland Cotton Movement .— We have received th is
(Friday) evening by telegraph from the various ports th e
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (May 11) and since
Sept. 1, 1893, the stocks to-night, and the same item s for th e
corresponding periods of 1893-93, are as follows.
1893-94.
Receipts to M ay 11.

1892-93.

Stock.

T his
Since
T his
Since
week. Sept. 1. xoeek. Sept. 1. 1894.
34

T o t a l . .............................

34

5 4 ,105
2.203
3,511
5 9 ,8 2 4

36

1893.

......

3 5 .330
5.9 3 7
3,775

1,754
4 29
1,1»1

3,8 4 5
538
321

36

4 5 ,0 4 2

3 ,3 6 4

4 ,7 0 4

The exports for the week ending this evening reach a total
of — bales, of which — bales were to Great Britain, —
to France and — to Beval and the am ount forwarded to
Northern mills has been 118 bales. Below are the exports for
the week and since September 1 in 1893-94 and 1893-93.
Erports
*rom~

Week Ending Mag 11. Since Sept. 1, 1893. North'it M ills.
Great N r'm at
Great
Since
Total. Brit'n. France
Britn. * i
&c. Total. Week Sept. 1.

S a v a n n a h ...
C h a ri’t'n.tfee
N ew Y o rk ..

..........

......

31,918

4,212 36,13)*

118 2 2 ,0 9 2

625 18,120

l ,7 x lh f » ,« 0 i

5 5 2 2 .S 4 8

..........

B a ltim o r e ..
T o ia l . . . . .
T o t. 1802-93

2,126 25,058
403
17
125
2,060 5,485
4,987
72

1L8 17,784
1,2 2 7
3 ,0 8 1

..........

22,932
336
125
......... 3.416
4,987
72
.......

500

125

::::::

A c o n su l--rat)!*! p ortion o f th e S e a Isla n d c o tto n sh ip p e d to
fo r eig n port- g o e s v i a New Y o r k , a n d so m e sm a ll a m o u n ts v ia
B oston a n d B a ltim o r e , In ste a d o f in c lu d in g t h is c o tto n fo r
th e w e e k in w h ic h it le a v e s th e S o u th e r n ou tp o rta , w e f o llo w
th e sa m e p la n a s in o u r r e g u la r ta b le o f in c lu d in g it w h e n
59,000 a ctu a lly e x p o r te d fr o m N e w Y o r k , & c. T h e d e ta ils o f th e
37,000
sh ip m e n ts o f S e a Is la n d c o tto n fo r th e w e e k w ill be fo u n d
40,000 u n d er th e head “ S h ip p in g N e w s ,” o n a su b s e q u e n t p age.
18,000
Q uotations M ay 11 a t S a v a n n a h , fo r F lo iid a s , com m on,
7O.0OC* 13c.; m edium fine, I5$ £ c.; c h o ic e , 17!-£c.
C h a rlesto n , C arolin a^, m e d iu m fin e , 20 to 2 3 c ,; fin e , 25 to
51,000
80c,; e x t r a fin e, 80 to 4 0 c ., a ll n o m in a l

T h e above t o ta ls for th e week show that the movement from
d ie p o rts other than Bombay is 3,000 bales more than the sam»
w e e k last y e a r . For the whole of India, therefore, the total
ih ip m e n ta since September 1, 1893, and for the corresponding

S h ip m e n t*
I* a il S u r o p t
fr o m —

1894.
3 2 , Cop.
li o i t t .

Shipimnt* sinm Sept, 4.
Great
Britain, GtmHnen'. ToUeL

4.o m

3,000

1892*93.,

M a d rid -

Manchester Market ,—Our report received by cable to-night
from Maucheeter states th a t the m arket continues easy for
both yam s and sheetings. Production is being curtailed
moderately. W e give the prices for to-day below and leave
those for previous weeks of this and last year for com parison:

P o r t s .— T h e r e c e i p t*

and s mpmente of cotton at Bombay have been aa follows for
the week and year, bringing the figures down to May 10.
Shipment* ihit week.

825

2,0 0 0 ;

3,0 0 0 ;

1 0 4 .0 0 0

5 0 3 ,0 0 0
133,000

33 , 000! 7 0 1 ,0 0 0

S h ip m e n t s .— T h r o u g h a r ra n g e -

J cte B utts , B agging , &c .—Th ere has been only a v ery
m oderate business in ju te bagging d u rin g th e w eek u n d er
review , b u t prices are as la st quoted, v i z ,, 5t£c. fo r 1% lb*.,
5?*c. for 3 lb s. a n d 6 ^ c . fo r sta n d a r d g r a d e s in a jo b b in g w a y .
C ar-load lota o f sta n d a r d b ra n d s c o n tin u e a t 5c, fo r 1% lb s,,
5 )£ e . for 2 lb s. a n d 6 c , fo r 2Q lb s. f. o . b. a t N e w Y ork,
J u te b u tts h a v e b een d u ll at l r»e. fo r p ap er g r a d e s a n d 2 }£ c .
fo r b a g g in g q u a lity .

N ew Y ork Cotton E xchange

and

P in e S tr a w B agging .—

A r u le h a s been a d o p te d b y th e m a n a g e r s o f th e N e w Y o r k
C otton E x c h a n g e th a t o n a n d a fte r S e p te m b e r 1, th e c o m ­
m e n c e m e n t o f th e n e x t c ro p y e a r , n o c o tto n c o v er ed w ith
p in e str a w b a g g in g sh a ll c o n s titu te a g ood d e liv e r y . N o tific a ­
tio n o f th is a c tio n h a s b een s e n t to S o u th e rn E x c h a n g e s .
R e ce n t te sts h a v e d e m o n s tr a te d t h a t s tr a w b a g g in g sta in s th e
c o tto n .

we have made w ith Messrs. Davies, Benachl Sc Co,, ol
d v erp o o l and A lexandria, we now receive a weekly cable ol
R i c e M a r k e t . — M essrs. D a n T a lm a g e ’a S o n s rep o rt on th e
he m o v e m e n ts of cotton a t Alexandria, Egypt, The following
re the receipts and shipm ents for the past week and for th< rice m a r k e t a s fo llo w s :
T h e m o v e m e n t In d o m e stic s o r ts Is lig h t. P r a c tic a lly n o th in g is
fOrWBponding week o f the previous tw o years.
c h a n g e d in ::>e s itu a tio n ; s to c k s a t a ll p o in ts tn a iu lv o f u n d e s ir a b le
k h m n d r t o» S w p t t
M *g 9
M t t p t * (M aatanr*)
T h t e w m k , .* ,
B lu m S e p t, 1 .

...

1 3 9 3 -9 4 .

1 8 9 2 -9 3 .

2 1 .0 0 0
4,899*000

9 .0 0 0
5 ,1 1 1 .0 0 0

j[
1!

5,0 0 0
4 ,6 1 1 .0 0 0

T h is )■ S in c e
T h is j S in c e if T h i t j S in ce
w eek, \8ept, l . w eek, ISepi, 1 , || w e e k . \8epL 1,
1 :
j

x p o n * *b ales)—
To L iv e r p o o l.............. 7 ,0 0 0 2 9 3 .0 0 0
To C o n tin e n t.............. 1 1 ,0 0 0 2 4 7 .0 0 0
T o tii 1

1891-92

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

3 ,0 0 0 312.0 0 0
8 ,0 0 0 2 2 7 .0 0 0

13.0 0 0 5 4 5 0 0 1 1 0 .0 0 0 :5 5 2 .0 0 0 U.OOO 5 3 9 000

' A gas t a r Is 9 9 p o u n d s.

This s t a t e m e n t shows th a t the receipts for t h e week ending
ay 9 were 31,000 canters and the shipm ents to all Europe
9,000 bales,

c h a r a c te r. F o reig n s o r ts a rc s c a rc e ly so a c tiv e , b u t th e re a rc u n fille d
e n g a g e m e n t* su ffic ie n t to a b s o r b a ll a r tiv in g p a rc e ls d u rin g c u r r e n t
m o n th . T h e o u tp u t o f B u rm a h to l e t lo s t, w a s m u c h le ss th a n fo r a n y
e q u a l p e rio d la s t d e ca d e : s h ip m e n ts s h o r t o f l a s t y e a r o n e -th ird , o r s a y
8 0 0 ,0 0 0 b a g s (1 c a t . * a c h e Of th e a m o u n t re fe rr e d to b u t a sm a ll p e r
c e n t is of s ty le s s u ita b le fo r th e r e q u ir e m e n ts o f th e U n ite d S ta te * .
T h is w ould acton to a s s u re m a in te n a n c e o f p r e s e n t q u o ta tio n s , a t le a s t
u n til ad v ice* o f e n la rg e d s h ip m e n t* a rc re c e iv e d . The q u e st ion of ta riff
u n d o u b te d ly c o n trib u te * s o m e w h a t to a c o n s e rv a tiv e d is p o sitio n on.
th e p a r t o f o p e ra to rs , n u t a c tio n ha* b e en bo lo n g d e la y e d t h a t th e re is
n o w no tlkelftuK id, Iti c a s e o f e n a c tm e n t, o f its g o in g in to effe c t b e fo re
th e d o s s of th e n e x t fiscal q u a r t e t . S e p t. 30.
O ttr New O rle a n s hnu»o te le g ra p h s L o u i» ian a c ro p m ovem ent, to d a te :
R e c e ip ts , ro u g h , in c lu s iv e o f a m o u n t c a r r ie d o v e r, 1 ,1 0 6 ,1 8 * s a c k s ;
la s t y e a r 1 ,8 2 8 ,9 5 0 sack*; - a le -, c le a n e d (e s tim a te d !, 2 7 0 ,0 0 0 b a rre ls ;
l a s t y e a r, 3 0 5 ,5 0 0 b a rre l* M o v em e n t o f th e w eek lig h te s t g la c e c ro p
o p e n in g . D e m a n d lo cal an d re s tric te d b e c a u s e o f c o m p e titio n fro m
fo re ig n so rt* . P r i c e s firm C h a rle sto n te le g ra p h * C a ro lin a c ro p m o v e ­
m e n t to d a te : R e c e ip ts , c le a n e d , 2 3 ,8 0 0 b a rre ls ; s a le s *2, *90 b a rre l* .
O ffering* lig h t a n d o f u n d a * ira b le c h a r a c te r. D e m a n d s te a d y , m a in ly
local.

826

THE CHEONICLE.

rvoL.

l v ii i ,

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 M a y 1 .— We have
M a y R e p o r t o f t h e A g r i c u l t u r a l B u r e a u . — Under date
received to-day by cable, Mr. Ellison’s cotton figures brought of May 10 the Agricultural Bureau at Washington issued the
down to May 1. The revised totals for last year have also following respecting cotton:
been received and we give them for comparison. Spinners’ T b e s o tto u r e p o r t a s c o n s o lid a te d b y th e S ta tis tic ia n of th e D e p a r t ­
m e n t o f A g ric u ltu re fo r th e m o n th o f M ay r e la te s to tb e p ro g r e s s of ’
takings in actual bales and pounds have been as follows:
c o tto n -p la n tiu g a n d o o u te m n la te d a o re a g e . T b e p ro p o r tio n o f tbe
Great B rita in .

October 1 to M ay 1.

C ontin en t.

Total.

F o r 1 8 9 3 -9 4 .
2 ,6 2 3 ,0 0 0
4 ,7 3 0 ,0 0 0
2 ,1 0 7 ,0 0 0
T ak in gs b y sp in n ers. ..h a le s
467
471-5
478
A v era g e w e ig h t o f b a les.lb s
T a k in g s in p ou nds................... 1 ,0 0 7 ,1 4 6 ,0 0 0 1 ,2 2 4 ,9 4 1 ,0 0 0 2 ,2 3 2 ,0 8 7 ,0 0 0
F o r 1 8 9 2 -9 3 .
T ak in gs b y s p in n e r s .. .b ales
A verag e w eig h t o f b a les.lb s.
T akings in p o u n d s...................

3 ,9 7 2 .0 0 0
1 ,6 3 4 ,0 0 0
2 ,3 3 8 .0 0 0
479-9
494
470
8 0 7 ,3 5 9 .0 0 0 1 .0 9 9 .0 2 9 .0 0 0 1 .9 0 6 .3 8 8 ,0 0 0

p ro p o s e d b r e a d th a lre a d y p la n te d o n th e 1 st o f S lay w a s S I 6 p e r
c e n t, a g a in s t 85 3 p e r c e n t la s t y e a r , w h ic h is a l ittl e o v e r 4 po iu ts
lo w e r th a n th e a m o u n t u s u a lly p la n te d a t t h a t d a te . T b e r e t u r n e d
e s tim a te s b y S ta le s a re a s follow s: V i r g i n i a , 45; N o rth C a ro lin a . 74;
S o u th C a ro lin a , 83; G e o rg ia , 86; F lo rid a , 95; A la b a m a , 83; M issis­
sip p i, 83; L o u isia n a , 81; T e x a s , 84; A rk a n s a s , 61; T e n n e s s e e , 65. The
d e la y in V irg in ia , T e n n e ss e e , A rk a n s a s a n d L o u is ia n a w a s c a u s e d by
th e c o n tin u e d c o ld w e a th e r, w h ile in T e x a s p la n tin g w a s r e ta r d e d by
b o th la te cold a n d c o n tin u e d d ry w e a th e r. G e r m in a tio n h a s b e e n slow
a n d g ro w th of p la n t b a c k w a rd , o w in g to th e s e fa c ts .
Som e in d ic a tio n h a s b e e n g iv e n a s to th e c o n te m p la te d a o re a g e , b y
o u r c o rre s p o n d e n ts , a s c o m p a re d w ith t h a t o f l a s t y e a r . T h e figures
re la tiu g th e r e to a r e o o ly g iv e n to In d ic a te w h a t t h e c o r r e s p o n d e n ts
b eliev e to bo th e in te n tio n s a s to a c re a g e . T n e r e p o r te d In d ic a tio n
p o iu t3 to a u a c r e a g e of L-9 p e r c e n t le ss th a n la s t y e a r. T n e p e rc e n t­
ages by s t a t e s a re a s fo llo w s ; V irg in ia , 93; N o rth C a ro lin a , 94; S o u th
C aro lin a , 9S; G e o rg ia , 98; F lo rid a , 89; A la b a m a . 93; M ississip p i, 98;
L o u isia n a , 94; T e x a s , 104; A rk a n s a s , 95; T e n n e s s e e , 9 5 ; th e g e n e ra l
a v e ra g e b e in g 93-6.
\

According to the above, the average weight of the deliveries
in Great Britain is 478 pounds per bale this season, against
494 pounds during the same time last season. The Continental
deliveries average 467 pounds against 470 pound) last year,
The proportion of the crop planted May 1 this year in
and for the whole of Europe the deliveries average 471*5
pounds per bale against 479'9 pounds last season. Our comparison with the four previous years, and also with an
dispatch also gives the full movement for this year and last average year, as given in a previous report of the Agricultural
year in bales of 400 pounds.
Bureau, is as follows:
PROPO RTION ' O F C R O P PL A N T E D .

Oct. 1 to M ay 1.
B a lts o f 4 0 0 lbs. each,
000* o m itted .

1892-93.

18 9 3 -9 4 .
C o n ti­
n en t.

Total.

G reat
B rita in .

C onti­
nen t.

B pinn ers’ sto ck O ct 1.
T a k in gs in O o to b er...

68,
316,

258,
285,

32 6 ,
601,

114,
30 8 ,

337,
223,

451,
536.

T o ta l s u p p ly ..........
ConBump. O ct., 4 w ks.

384,
320,

543,
364,

927,
684,

422,
32 0 ,

565,
352,

987,
672,

Sp inners' sto ck N ov. 1
T a k in gs in N ovem ber.

64,
326,

179,
388,

243,
714,

10 2 ,
35 2 ,

213,
411,

315,
763,

C onsum p. N o v ., 4 w ks.

390,
320,

567,
364,

957,
684,

45 4 ,
248,

624,
352,

1,078,
600,

S p in n e r s’ sto ck D eo. 1
T a k in g s in D ecem b er.

70,
40 3 ,

203,
545,

273,
948,

206,
32 3 ,

272,
514,

478,
837,

T o ta l su p p ly ..........
C onsum p. D eo., 5 w ks.

473,
400,

748,
455,

1 ,2 2 1 ,
855,

529,
32 9 ,

786,
440,

1,315,
769,

U pin ners’ sto ck J a n . 1
T a k in g s in J a n u a r y ..

73,
39 4 ,

29 3 ,
488,

366,
882,

20 0 ,
24 0 ,

346,
416,

546,
656,

T o ta l su p p ly ..........
C onsum p. J a n ., 4 w ks.

467,
320,

7S1,
364,

1 ,2 4 8 ,
684,

440,
220,

762,
352,

1,202,
572,

B pinners’ sto ck Feb. 1
T a k in g s in F eb ru ary.

147,
39 9 ,

417,
443,

564,
842,

22 0 ,
26 4 ,

410,
376,

630,
640,

T ota l su p p ly ..........
C onsum p. F eb., 4 w ks.

546,
320,

860,
364,

1 ,4 0 6 ,
684,

484,
220,

786,
352,

1,270,
572,

S p in n ers’ sto ck Mch. 1
T a k in g s in M arch........

22 6 ,
387,

496,
454,

722,
841,

264,
299,

434,
419,

698,
718.

T otal su p p ly ..........
C onsum p. M ar., 5 w ks

613,
400,

950,
455,

1,563,
855,

563,
275,

853,
440,

1,416,
715,

S p inners’ sto ck Apr. 1
T a k in g s in A p r il..........

213,
293,

495,
459,

708,
752,

283,
232,

413,
384,

701,
616,

T ota l s u p p ly ..........
C onsum p. Apr., 4 w ks.

506,
320,

954,
36 4 ,

1 ,4 6 0 ,
684.

52 0 ,
292,

797,
352,

1,317,
644,

S p in n ers’ sto ck M ay 1

186.

590.

776.

22 8 .

445.

673,

Total.

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 years.
Oct. 1 to M a y 1.
B ales o f 4 0 0 lbs. each.
OOOs o m itted .

1 8 9 3 -9 4 .
Great
B r ita tn

C onti­
nent.

S p in n ers’ sto ck O ct. 1.
68,
T a k in g s to M ay 1 ........ 2 ,5 1 8 ,

1 8 9 2 -9 3 .
Total.

G reat
B r ita in

C o n ti­
nent.

258,
3 ,0 6 2 ,

326,
5 ,5 8 0 ,

114,
2 ,0 1 8 ,

451,
337,
2 ,7 4 8 , 4,7 6 6 ,

S u p p ly .............................. 2 ,5 8 6 ,
O onsum pt’n 3 0 w eeks. 2 ,4 0 0 ,

3 ,3 2 0 ,
2 ,7 3 0 ,

5 ,9 0 6 ,
5 ,1 3 0 ,

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

3 ,0 8 5 , 5 ,2 1 7 ,
2 ,6 4 0 . 1,544,

186,

590,

776,

228,

Sp in n ers’ sto ck M ay 1
W eekly C onsum ption ,
0 0 8 o m itted .
In O ctob er..................
I n N o v em b er............
I n D e c e m b e r ............
I n J a n u a r y ................
I n F e b r u a r y ..............
I n M a rc h ....................
In A p r il.......................

8 0 ,0
8 0 ,0
8 0 ,0
8 0 ,0
80 ,0
80 ,0
80 ,0

9 1 .0
9 1 .0
9 1 .0
9 1 .0
9 1 .0
9 1 .0
9 1 .0

1 7 1 .0
1 7 1 .0
1 7 1 .0
1 7 1 .0
1 7 1 .0
171.0
1 7 1 .0

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

44 5 ,

8 8 ,0
8 8 ,0
8 8 ,0
8 8 ,0
8 8 ,0
8 8 ,0
8 8 ,0

1894.

1893.

1892.

1891.

1890.

P roportion
P la n te d
M ay 1,
Av'geYcar-.

45
74
88
86
95
83
83
81
84
61
65

11
85
90
92
92
93
85
87
81
71
76

34
70
83
85
90
83
78
72
83
64
45

40
63
78
80
92
80
77
78
79
76
71

55
77
86
86
87
85
65
70
75
60
57

35
67
81
83
97
88
85
89
87
83
80

81*6

85-3

78*3

77-5

75*8

86

P ro p o rtio n o f C rop P la n te d M ay 1.

G reat
B rita in .

Total.

673,

16 8 ,0
150.0
15 4 .0
14 3 .0
1 4 3 .0
1 4 3 .0
16 1 .0

Sta t es .
V irginia........................
N orth C arolina..........
South C arolina..........
G eorgia........................
F lorid a.........................
A labam a.......................
M ississip pi..................
L ou isian a.....................
T ex a s.............................
A rk an sas.....................
T en n essee....................
A v e ra g e ................

C o m p a r a t iv e T o r t R e c e ip t s a n d D a i l y C r o p M o v e m e n t ,

—A comparison of the port movement by weeks is not
accurate as the weeks in different years do not end on the
same day of the month. W e have consequently added to our
other standing tables a daily and m onthly statement, that
the reader may constantly have before him the data for
seeing the exact relative movement for the years named.
The monthly movements since September 1, 1893, and in
previous years, have been as follows:
M on th ly
R eceipts.

Y e a r B e g in n in g S e p te m b e r 1.
18 9 3 .

1892.

1891.

1890.

1889.

1888.

S ep t’m b’r 3 7 7 ,4 0 8 4 0 5 ,3 5 5 6 7 6 ,8 2 3 7 3 2 ,2 3 6 5 6 1 ,7 1 0 3 3 2 ,0 1 7
O otob er.. 1 ,3 1 1 ,2 6 9 1 ,1 3 5 ,4 7 3 1 ,5 3 2 ,4 2 6 1 ,3 6 5 ,2 3 1 1 ,3 2 3 ,3 5 8 1 ,1 3 3 ,0 1 8
N ovem b’r 1 ,2 7 2 ,7 7 6 1 ,1 2 5 ,8 5 5 1,37 6 ,9 0 9 1 ,1 4 5 ,4 1 6 1 ,2 5 7 ,5 2 0 1 ,1 5 9 ,0 6 8
D ecem b ’r 1 ,2 3 3 ,7 3 8 9 3 0 ,0 2 9 1 ,2 1 5 ,1 4 4 L .195,063 1 ,1 1 6 ,9 2 8 1 ,1 0 3 ,7 1 3
J a n u a r y . 68 7 ,0 2 8
4 3 6 ,4 5 7 6 6 5 ,1 6 2 8 5 9 ,9 7 9 7 0 0 ,9 0 9 7 1 8 ,0 9 1
F ebruary
9 3 0 ,5 0 4 2 9 1 ,6 4 8 6 5 8 ,8 5 5 5 3 5 ,2 7 3 4 1 0 ,0 4 4 4 6 1 ,2 0 1
M arch. . . 2 5 7 ,1 6 3 2 4 1 ,7 5 0 3 7 6 ,4 0 0 4 2 7 ,7 0 2 2 1 3 ,6 9 7 3 3 0 ,5 1 0
2 1 7 ,6 0 0 2 0 2 .1 5 8 2 5 1 ,5 2 2 2 9 8 ,1 3 2 1 1 0 ,0 5 3 1 6 6 ,5 7 1
A p r il ___
T o t a l... 5 ,6 9 3 .4 8 6 1 4 ,7 6 8 ,7 2 5 6,75 3 ,2 4 1 6 ,5 5 9 ,0 3 2 5 ,6 9 6 ,2 1 9 5 ,4 0 4 ,1 8 3
Pero’ta g e of to t. p ort
97-41
9694
94*35
9379
r ec e ip t) A p r il 30 .) 93-06

This statem ent shows that up to April 39 the receipts
at the ports in 1893-94 were 924,761 bales more than in 1892-93
and 1,059,755 bales less than in 1891-92. By adding to the
totals to April 30 the daily receipts since that time we shall
be able to reach an exact comparison of the movement for
the different years.
1 893-94.

1892-93.

1891-92,

1 8 90-91.

1889-90.

1888-89.

To. A p .30 5 ,6 9 3 ,4 8 6 4 ,7 8 8 ,7 2 5 6 ,7 5 3 ,2 4 1 6 ,5 5 9 ,0 3 2 5 ,6 9 6 ,2 1 9 5,404,182
2,544
4 ,7 4 2
2,3 5 0
4 ,6 2 2
S.
9 ,2 7 9
M ay 1 . . . .
3,426
3,4 5 2
2 ,4 0 0
2 ....
4,0 8 9
6,501
8 ,3 2 8
7,018
3,134
" 3 ....
3,725
3 ,6 4 0
s.
7 ,3 3 7
5 ,3 4 0
2,119
“
4— .
4 ,7 1 1
8.
8,0 3 9
1 4 ,957
4 ,8 5 0
4 ,1 4 5
8.
7 ,0 4 0
•• 5 . . . .
4 ,8 5 6
11,171
5,163
6,0 6 1
1 4 ,3 6 8
" 6 ....
1,988
S.
4 ,2 2 8
6,302
6,0 1 1
1,5 6 6
a.
5 ,7 9 6
8 ,6 0 9
“ 7 ....
2,664
4 ,2 2 5
3,631
8.
<• 8 . . . .
4 ,2 8 9
9 ,0 3 7
1,498
6 ,7 2 4
1,350
6,480
3,6 9 4
7 ,9 7 7
*• 9 . . . .
4,663
2 ,4 6 0
1 0 ,3 5 0
s.
577
2 ,3 9 0
“ 1 0 ....
2,339
4 ,3 0 0
9 ,6 7 0
6,8 1 1
8.
44 1 1 . . .
4 ,2 1 8

The foregoing shows that the weekly consumption in
T o t a l . . 5 ,7 4 8 ,0 9 2 4 ,8 1 5 ,2 2 0 6 ,8 2 3 ,5 8 1 6 ,6 2 6 ,3 7 4 5 ,7 1 7 ,9 5 4 5,441,920
Europe is 171,000 bales of 400 pounds each, against 161,000 P e r c en ta g e o f to ta l
bales of like weights at the corresponding time last year. r*nrt reo’p ts M ay 11 93-96
95*34
9 8 -U
94-76
97'SO
The total spinners’ stocks in Great Britain and on the Continent
This statement shows that the receipts since Sept. 1 up to
have increased 68,000 bales during the month, and are now
103,000 bales more than at the sama date last year.
* o-night are now 933,872 bales more than they were to th»

Mat 1*, 1894.1

THE CHRONICLE.

827

same day of the month in 1893 and 1.0T5.489 bales le s s than
The particulars of these shipments arranged in our usu 1
they were to the same day of the month in 1892. We a d d to form, are as follows:
the cable the percentages of total port receipts which had
H orrbeen received to Hay 4 in eaeh of the years named.
or C o t t o n from New York this week s h o w a
decrease compared with last week, the total reaching 10 429
bales, against 16,839 bales last week. Below we give our
usual cable, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; a ls o the
total exports and direction since Sept. 1, 1893, and in the l a s (
column the total for the same period of the previous y e a r .
Th e Lxpo r ts

■ X F O R T S O F COTTON (B A L K S) FROM SSW Y O R K SIN C E S E P T . 1, 18U3.

Week E n d in g —
A p r il
20.

A p r il
27.

1f a y
4.

M ay
11

4 .9 0 3
3 .8 9 7

3 ,8 4 1
4 ,0 0 1

9 .7 2 7
3 ,8 8 1

3 .1 1 7
2.7 2 2

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

3 1 2 .8 4 7
66.0 07

TOt . to O r. B a r r s .

8 .8 0 0

7 .8 4 2 13.6 0 8

5 .8 3 9

4 0 8 .1 5 3

Havre......................

3 7 8 .8 5 4

O ther P reach p o r ts ..

575
175

356

378

379

1 6 ,9 2 4
185

22,9 9 8

To t a l P r e s c h . . .

750

356

278

379

1 7 ,1 0 9

22,9 9 8

50
438
1.436

251
1.184
983

600
953

100
56
1.837

3 8 .4 « 5
1 9 .6 8 4
8 0 .7 5 3

33.4 1 9
15.670
5 8 .9 9 6

1,924

2 .4 2 3

1,5 5 3

1.993

139,9021

108.085

2 .8 6 3 1,4 0 0
■— ••I •—

1,2 5 0
668

4 2 ,5 * 4
4 ,2 3 8

27 .1 7 2
1,462

2 5 0 2 .8 6 3 1 ,4 0 0 2.2 1 8
(ISASD T o ta l . . . . 1 1 ,7 2 4 1 3 .4 8 4 1 6 .8 3 9 1 0 .4 2 9

4 6 .8 2 2

28.6 3 4

6 1 1 .9 8 8

5 3 8 ,571

Liverpool ...............
O ther B ritish p o rts.

B rem en . . . . . . . . .

Hamburg........

O ther ports. __
T o t . to N o . E u r o pe

250
T o ta l Bf a i s , A c ..

T h « Ko l l o w t n o a r e t h e U r o s s R e c e i p t s o r C o t t o n a t
New York, Boston, Philadelphia and Baltimore for the pas.
week, %nd §ince September l f 1823.
B*<*ipu
from —

* 1W TORE.
T h i, 1 3in<t

Bo s t o n .
PRILADELFH'A
This
Bin**
Thi$
Bine*
work. B o p t.l. work. BOPCal.

B a l t i m o &b

Tki$

n . Orlwuu... 12 .SM 542.SOI
T e x a s..........
i.aw 200.173
flftVAODAh . t,70fl niA Sd
666
49,439
193
10.006
Mobil® ....
lo t
Florida . .. ..
OO
19.069
80. Caroline
•60
•i.673
No. Carolina
11
17,710
TtritBia . ,.|
n
•6.764
MOM
i
M IS
WortA port*
...........
• .s is •sajm ei
«.***!
Tenn.. As
•9.630 l
(MMj
M«o{
f w s lf ii........
100
kssoj
IA S I* .........
TotAJ ....... 21 .NTS UMaMtl
2TMMj M M I TXAMj
SSS.7M L * 7 .! _ n W

B u tt

H
*3^
*?SS ^'

.......... 5 ,0 7 3
_____ ___

..........

7,4 5 9

2.177 ....... 3.500 li',318

5 ,8 0 0
7 ,7 5 0

..........
------

1,2 5 0

5S a o

::::::

::::::

5,196

2 19
150

::
;;
..
..
..

T otal . . . 2 7 .7 6 9 2,7 2 2 5,4 5 2 26 3 19 2 ,2 2 6 4 ,7 5 0 2 0 ,0 2 7
E xports from N ew Y ork Include 9 68 bales to Y okoham a.

Sam e
p e rio d
p r e tio u t
yea r.

Total
since
Sept. 1.

E x p o rte d lo—

^

S e w Y ork,
S . O rleans. 1 1 .8 9 2
G alveston.. 3 .7 4 1
S a v a n n a s..
Brans wlok
Charleston.
Port R oyal 4,874
VUmlngt’u
tCp’t S e w s 1.0 6 4
Boston. . . .
1.641
Baltim ore.. 1 ,3 3 6
Phlladel'a..
104

Total
10 429
2 4 4 24
3 .7 4 1
1 6 ,9 9 5
5 .8 0 0
9 ,0 0 0
4,8 7 4
5,2 4 0
1,064
1.641
6,771
2 54
9 0 233

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
G a l v e s t o n - T o L iverpool -M a y 4 —Steam er Berra, 4.5 4 3 .
N ew O rleans —T o L iverpool M ay 4 -S te a m e r Texan. 6 ,3 8 3 ‘ ■"May 11

-S te a m e r s A rch itect, 3 .7 5 0 : C uban, 4 ,4 3 0 .
7 11
To HavTt* M ay 1 1 —Steam er N iagara, 5,7i>3.
To G enoa - M a y 4 - S team er Sardinian Prlnoe, 5 ,9 1 7 .
To Trieste—M ay 4 —Steam er Sardinian Prlnoe, M .
T? B *roe!OD» - M a y 4 —S team er E ndslelgh, 4,0 9 0 .
ft OR Po l e —-To L iverpool—M ay 1 1 —Steam er M anlianset, 1.854.
Boston To L iv e r p o o l-M a y 4 -S te a m e rs R om an. S o S cyth ia, 1 , 1 1 3
t r ia iif 54 ? 8team er A nglom an. 6 0 0 ....M a y 8 Steam er L ancasB iL T iR o x i- T o L lv e rp o o l-M a y 2—Steam er R ossinore, 349.
To B rem en—May 9 -S te a m e r D re,d en . 2 ,3 3 1 .
To Antwerp - M a y 1—S team er O tranto, 600.
il a u e l p r ia —To L iverpool —May 8 -s te a m e r B ritish P rlnoe 1 096
8 a * F rancisco —To J a p a n —April 2 8 -S te a m e r Peru, 1,450.

Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, Ac.:
L ancastrian , steam er <Br.), from B oston, May 8. for L iverp ool w en t
°“
, W an d . H ull. M a « ., M Uy 9 . She IleV oT a grTvel
b on om . h e a d in g a b .u ts m tb w e s t. H er n o t I, w all one o t w ater
and her s te m s . m , t . be
Them w a , a sT.mp and a
schooner In th e N arrow s, direct!.- m the ste a m -r ’a w av, and sh e
w as r a t a*round to avoid oolllslon. At 3 P M M ay 10 she
* ct<,'n t, t * had been m ade
at high tid e to g e t bar off. A bout 8 0 0 ton s o f o irgo h ave been
ln * bblefly o f boxes o f bacon, leather, A c., from
M.d
* * 2 T T . w *'1 be taken out and it la e x p e o te d
app arent damage!*111
PYldu7 m ornl»K- Site has su sta in e d no

Cotton freights the past week have been as follows:
70b

S a tu r.

00,SOS

Hon.

r « ss.

Wed net

T h urt

AVi

L iverpool, ito a m .d Si 4-W l2l
l*!!S | 7*140
7*120
**128
*52
.......... d.
Do
H avre, steam . d. 2 1 0 2 5 * 2 0 4 2 5 ' 2 0 * 25* 2 0 * 2 5 * 2 0 * 2 5 *
20925
....
....
Do
la te r ........d.
|
....
4.000' ES,122
Bremen, steam .d .
30i
SOI
301
301
301
301
Do
la t e r ... d.
2,144 00.112
Hambnrg. stearad.
»s«
»a«
•s«
*S4
bT
Do
la te r .d .
M i l t J u .m
Ams'dam, steam .r.
25’
23*
23*
251
251
251
t.O M ^ iir.asT
Do
la te r ..a
....
.
S
ev
a
l.
steam
..d
.
Shipping N ews. —The export* of cotton from the United
* lt
*10
*1.
*10
*18
* i7
Do
............. d.
«6tee the past week, a , p e r l a t e s t m a il returns, have reached
B'lona, d ir e c t, d.
:::: i
i
!!!!
baJe®- Bo far as the Southern ports are oonceme . there G enoa, s te a m ...d . 391
391
39*
381
38t
38*
mb the same exports reported by telegraph and published in Trieste, v ia HniLd.
>1
7,2
1 7.2
7*2
7«
712
the Chronicle last Friday. With regard to New York we A ntw erp, ste a m . <1. ’ s .
T«.
7s,
7.4
7,4
7,4
Include the manifests of all vessels cleared up to Thursday.
' Cent* per 100 lbs. and prim age.
t C ents n e t per 100 lbs.

!"
*77

..........

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

L ettm bro. 3<>0. ........................... m' " ’ ~
F lin tsh ire. 9 6 4 ...............................

379

56
1,837
150
8 90

300

969

Co* u Ric“ - » -%31 11.9 9 2
I " H avre. V*T steam er O oloola. 5 .0 7 * Y Y ........
'
5,0 7 3
t o B arcelona. per steam er O cean Prlnoe. 0 5 0 . . . . " '
850
T o M alaga, per .te e n ie r Ocean Prtnne 3 0 0 0
3 .0 0 0
® A i^ S ? ,« 0 V " r f .“ ” m*r B »f<b«ee. 3 ,6 0 9 . . . Y . Y Y .Y Y .
3.8 0 9
.7 4 1
6 4 T4N ? I^ i% V ,n ~ T*rpo01' w r
Carolina. 3 .7 4 1 ................ 3.3.741
*ATt ! T « " ^ T B rem en, per steam er B eeohdene. 2 .1 7 7 ..........
2 177
etOT,b<ir«. P«r bark E lra. i.4 0 o upland and 1 0 0 8^a
T°Ri^ T ) ^ ‘ - * * * t* * “ r* C liy o f
8»n »ew rror*'T ^ o " t*“ m*r '7*7 o f
P«r ■c*4in*r <}. K. B ooth. 3 .7 5 0
I
E*r
H en rietta H . Z o S S .
I
*»**®«r G lesm o rv en . 7 .7 5 0
.
b p n J r u r? l . . Vl nif; f >^T br1' Pov.n n»t». 1 ,2 .5 0 ............ . . .
I 2rtLM i».To«
t-'TW-rmol, per « tea m -r M onkw aton. 4 ^ 7 4 .! .
i H aw U iw r
p*r *te*nner P erfo rm . 5 .2 4 0 ...........
f *
7^ 064 J‘
To U r e r p o o l, per steam er R appannock,
I ■ ‘^ " - T o f ' i v ^ i o l . per ste a m e r. Catai<mla','803 n pla'nd' and

3 300
!'< n o
3 750
2 '.0 5 0
7 .7 5 0
1.2 5 0
4.8 7 4
5 ,2 4 0
1.0 6 4
1.641

To Brem en, per .te a m e r . A m erica 1.5 1 3 ” ‘ a e r a . 3 .6 8 3
_ T o A ntw erp, per stea m er H andel. 2 3 9 . .
r r ^ r * - ™
I 4 « r p ° o l. per . t e a ,ter Ohio. 104
‘.Z " Y .
T o A ntw erp, per .t e u n e r P e n n e y lv a o la 1 5 0 ...............................

A p r il 2 0 A p r il 2 7 .j M ay 4

100

1,336
5.1 9 6
239
104
150

™ * < .......... ............................. .................. .............................................. ... 90,2 3 3

| M ay I I .

o f th e w eek .............b a le s .
4 7.00 0
5 2 .0 0 0
5 4 .0 0 0
5 9 .0 0 0
Of whloh exp orters to o k . . .
1.000
3 .0 0 0
2,000
5 .0 0 0
Of whloh sp ecu lators took . .
.....
3 00
1 ,7 0 0
Balee A m erican ..............................
4 1 .0 0 0
47.000:
4 7 .0 0 0
5LOOO
A otaal e x p o r t.............................
3,0 0 0
3.000!
8 .0 00
7 .0 0 0
F orw arded.......................................
60,000
5 7 .0 0 0
6 2 .0 0 0
6 0 .0 0 0
T otal stock —E stim ated ............ 1 .7 3 2 .0 0 0 1 .7 3 5 .0 0 0 1,,7 1 2 ,0 0 0 1 .6 9 1 .0 0 0
- O i w n le h A m en can —E stlm ’d l , 4 8 9 .0 0 0 1.466 .0 0 0 1 .4 43,000 1 .4 2 9 .0 0 0
8 4 .0 0 0
T<^ '“IPOTt ° t Ibe w e ek ............ | 4 4 .0 0 0
5 8 .0 0 0
4 5 .0 0 0
Of w hich A m erican ..............
2 1 ,0 0 0
44,000;
40,000!
3 7 .0 0 0
A m ount aflo a t.............................. I 1 1 7 .0 0 0
8 5 .0 0 0
7 8 .0 0 0
7 7 .0 0 0
Of w hloh A m erica n ....................• 9 5 .0 0 0
6 5 .0 0 0
60.0001
6 0 .0 0 0

The tone of the Liverpool market for spots and futures eai h
ay of the week ending May 11, and the daily closing prices
of spot cotton, have been as follows:
Spot.
M arket. (
1:45 p. * . }

S a tu rd a y M onday, Tuesday
yoi«i

Eajler.

Btaadlar.

Mld.DpTd*.

3>*is

* '*l#

3 1 *1.

B a le ,...........
Spoo. <2 exp.

7 .0 0 0
500

8.000
500

10 .0 0 0
1.0 0 0

W ednet
=gt

To Geooe. per .team-r MUmbro. 800

IS

L i v e r p o o l . — By cable from Liverpool we have the following
statement of the week’s sales, stocks. Ac., at that port:

J

»p

KaW. » ° a ! e 7 i a i Y r t^ >00''
B obtrarla. 8 8 9 ..
To H all, per • te a m sr Buffalo,' £ 7 S 3 ” I
i
f
'
y
o
ft
b” - t —Mnwr L a B c a r g n g n e . 3 1 9 . . . . . . . . . . . Y Y : .
1 ° „ c s ^ * n- 9*r sw w m .r CrsTs, l i J o ...................................
TO H am burg, pep .team s'- «c«ndla. 58.
To
****,B* r !,oor,t u od. 1 .8 1 7 . ; ........." ' “ I
TO Baroolona. per stea m er C echem lre. 150.

3
1 0 .000
1,000

T ku rod'y.

Harden 'g. Harden’d.
3>*1*

3>«i«

1 2 .000
1.0 0 0

1 0 .0 0 0
500

PuturtM.
At OniAt at Btaarfv a> flteAd 7 at •taady a'
Market, ) 8tAAd7
4 a 2 -4 4 244 d#- 1-44412-44 1 *ffl Bi
1-44 ad­
L 45 p. M.( l«ieclln®.
olln®.
Advance.
ranoa.
vance.
M arket. )
4 r . M. |

firm

Qatat and
■tflady.

yaiat.

Verr
steady.

F rida

Very
quiet.

...

Steady.
Quiet and
steady.

THE CHRONICLE.

828

The opening, highest, lowest and closing prices of futures
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
The, p rice s i*re j/iren in pence a m i HAitis
3 63-64 d . a n d 4 01 m e a n s 4 1 -64d

Thu*

3 6 3 m ean s

[VOL. LVIll,

in better supply, have declined. The sales yesterday in luded
No. 2 mixed at 39%@40c. and No. 2 white at 42%c. To-day
the market was weaker under realizing sales by longs. The
spot market was easier under increased offerings. The sales
included No. 2 mixed at 39c. in elevator and No. 2 white at
42@42%c. in elevator.
D A IL T C L 0 8 IN G P R IC E S O F N O . 2 M IX E D OATS.

N au, M ay 5.

T u b *.. M a y 8

M o n .. M a y 7 .

S at.
Way d e l i v e r y .. .. . . . . . . . o. 39
J u n e d e liv e ry .................... o. 38%
J u ly d e liv e ry ......................o. 37%

Open High Low. Clot. Open High Low. Olos. U061X High Low.
May.............
May-June...
June-July..
July-Au#?.
Aug.-Sept..
8ept.-O ct...
Oct.-Nov....
Nov.-Dee...
Deo.-Jan....
Jan.-Feb..

<x.

d.

4

364
3 54
3 65
3 66
3 57
3 58
3 59
3 60
3 61
3 62

3 55
355
3 56
8 57
8 58
3 59
8 60
3 61
3 62
3 63

3 54
3 54
3 55
3 56
3 57
858
3 59
3 60
3 61
3 62

A
3 55
3
3
3
8
3
3
8
3
8

W e d .. M a y 9 .
Open High L tx
May.............
May-June...
June-July..
July-A ug...
A u g .- S e p t
8 e p t.- O c t...
O c t.- N o v ....
N o v .- D e o ...
D e c . -Jan....

Jnn.-Feh.. .

4.

4.

1

d

4.

51
51
51
52
53
54
8 55
356
3 57
3 58

3 51
3 61
3 62
3 63
3 54
3 55
356
3 57
3 57
3 59

3 53
3 63
3 53
3 54
356
3 56
3 57
358
3 59
3 60

853
3 53
854
3 55
3 50
356
3 57
358
3 59
3 01

3 51
3 51
3 52
3 53
3 54
356
3 56
3 57
3 53
3 59

4.

4.

3 52
3 52
3 52
3 53
354
3 55
3 56
4 67
3 58
3 60

3 52
55 3 52
66 3 62
57
3 58
58 3 54
59 3 55
60 3 56
61 3 67
62 13 58
63 3 59

3
3
3
3
3
3

T h o r a .. M a y 1 0 .

d.

(t

4

3 52
3 52
3 63
3 54
3 56
356
3 57
358
350
3 60

8 63
3 53
3 64
365
3 66
3 57
5 58
358
3 59
3 61

3 52
3 52
3 53
3 54
355
356
3 57
3 58
3 59
3 60

3 53
3 53
3 54
3 55
3 56
3 67
358
358
3 59
3 61

4.
3
3
8
3
3
3
3
3
3
3

4.

54
64
65
56
57
58
59
60
61
63

3 54
3 54
3 55
3 56
358
3 59
3 60
3 61
3 62
3 63

d.
3
3
3
3
3
3
3
3
3
3

53
53
54
56
57
58
59
60
61
62

F r l.. M a y 1 1

4.

4.

3 54
3 54
3 65
8 66
3 57
358
3 69
3 60
3 61
3 62

3 55
3 55
3 56
3 57
3 59
3 00
3 61
3 02
3 63
4 00

4
3
3
3
3
3
3
3
3
3
4

55
65
57
68
59
61
01
02
03
00

3 55
3 65
3 50
3 57
3 58
3 69
3 6j
3 61
3 02
3 63

3 55
3 65
3 56
3 57
358
3 59
3 80
3 01
3 62
4 00

8 R E A D S T U F F S .
F riday , May 11, 1894.
Business in the market for wheat flour has continued ex­
tremely dull. The depression in wheat causes buyers to oper
ate very cautiously, as they ara not disposed to place any
degree of confidence in present valuations Rye flour has
met with a light trade, but supplies have been limited and
prices have been fairly well maintained. Corn meal has sold
slowly, but values have held fairly steady. To-dav the mar­
ket for wheat flour was dull and easy.
The trading in the market for wheat futures has continued
very quiet, and during the first half of the week prices made
a moderate decline under general selling, prompted by a dis­
appointing decrease in the visible supply, generally favorable
crop prospects at the West and dull and easier foreign ad­
vices; but Wednesday reports of serious crop damage in
California stimulated a demand from “shorts” to cover con­
tracts, and prices improved a trifle. There has been a limited
inquiry in the spot market from shippers, but at lower prices.
The sales yesterday included No. 2 red winter at J^c. under
July f. o. b. afloat and 4£c. to %c. under July to arrive by
canal afloat; No. 2 hard winter at 2c. under July to arrive
afloat and No. 1 hard spring to arrive at 7%c. over
July afloat. Although the Government report was less fav­
orable than the one issued last month, the market to-day de­
clined under general selling prompted by dull foreign advices,
favorable weather conditions at the West for the growing
crop and a general disposition on the part of traders to dis­
credit the Government’s report. The spot market was quiet
and easier. The sales included No. 2 red winter at J^c. under
July f. o. b. afloat, choice do. at %c. over July to arrive
afloat and No. 2 hard winter at %c. under July f. o. b. afloat.
D A IL T CLO SIN O P R IC E S OP NO. 2 R E D W IN T E R W H E A T .

S a t.
M ay d e liv e ry ................... .0. 60%
J u n e d e liv e ry .................. .0 .............
J u ly d e liv e ry .................. .0. 627g
A u g u s t d e liv e ry ............. ..0 .............
S e p te m b e r d e liv e ry ___ .0. 64%
D e c e m b e r d e liv e r y .. . . .0. 68%

H on.
59%
603*
6 i%
62%
6338
66%

Tues.
59%
60%
61%
62%
63%
66%

W ed.
59%
60%
61%
62%
63%
66%

T h u rs.
5 9%
60%
61%
62%
63%
66%

Tues.
38%
38
373s

W ed. T h u rs.
39%
38*8
38%
38%
38*8
3 7 7s

Fri.
381*
37%
37%

The following are closing quotations:
3 52
3 52
3 52
353
3 54
3 55
3 56
3 57
3 58
3 69

Olos. Open High Low. Olos. Open R\g/ L U

d.

i f on.
38%
38%
37%

F ri
59%
61
63
66 %

FL O U R .

F in e .................... # b b l. $1 7 5 ® $ 1 9 0 P a te n t, w in te r ............. $ 3 00® $3 40
8 u p e rfln e .............. ........ 1 85® 2 15 C ity m ills e x t r a s ........ 3 50® 3 60
E x tra . No. 2 ................ 2 0 0 ® 2 25 R ye flour, s u p e r fin e .. 2 60® 3 00
E x tra . No. 1 .................. 2 20® 2 50 B u c k w h e a t f l o u r .................. ® . . . .
C le a rs.............................. 2 3 0 ® 2 60 C orn m e a l—
W e s te rn , & o............. 2 50® 2 60
S tra ig h t s ....................... 2 65® 3 50
B r a n d y w i n e ............
2 70
P a te n t, s p rin g . .......... 3 50® 4 20
s
a
c
k
s
s
e
lls
a
t
p
ric
e
s
b
e lo w th o s e fo r b a rre ls .]
[W h e at flo u r in
GR A IN .

0.
57 ®
59 %®
50 ®
52 ®
38% ®
41 %®
39 ®
42 ®

W h ea t—
S p rin g , p e r b u s h ..
R ed w in te r N o. 2 ..
R ed w in te r ..............
W h i t e .......... ..........
O a ts—M ix e d ,p e r bu .
W h ite .........................
No. 2 m ix e d ............
No. 2 w h ite ..............

A g r ic u l t u r a l

C o rn , p e r b u s h —
o.
c.
70
W est’n m ix e d __ _ 43 ®
No. 2 m i x e d .. ........ 4 3
61
W e s te rn y e llo w ..
44 ®
61%
62
W e s te rn W h ite ___ 4 4 ®
10 >3 R y e W e s te rn , p e r b u s h . ___ ®
46
40
S ta te a n d J e r s e y .............. ®
B a r le y —N o.2 W e st’n
67
43
66
S t t v- 2 -ro w e d ........
8
r 6 -ro w e d .................... ®

D epa r tm en t

o.
45%
45
47
47
....
....
....

R e p o r t o n C e r e a l s , & c .—

The report of the Department of Agriculture showing the
condition of the cereal crops on May 1 was issued on the 10th
inst., and is as follows:
T h e M ay r e p o r t o f th e S ta tis tic ia n o f th e D e p a r tm e n t o f A g ric u ltu re ,
a f te r c o n s o lid a tin g th e r e tu r n s , p la c e s th e c o n d itio n o f w in te r w h e a t
a t 81-4, a s a g a in s t 86 7 th e p re v io u s m o n th , b e in g a f a llin g off o f 5-3
p o in ts . I n 18 9 3 , a t th e s a m e d a te , th e c o n d itio n w a s 75-3, a l ittl e o v e r
tw o p o in ts lo w e r t h a n th e n re v io u e m o n th .
T h e a v e r a g e fo r th e p rin c ip a l 8 ta te s a r e : O hio, 90; M ich ig an , 83;
In d ia n a , 90 ; Illin o is , 89; M isso u ri, 83; K a n s a s . 75; N e b ra s k a , 59. a u d
C alifo rn ia , 52 . W hile t h e im p r o v e m e n t d u r in g m o s t o f A p ril ha9 b e en
c o n sid e ra b le i n m o s t of th e S ta te s , th e r e s u lt of t h e c o ld w e a th e r in
M aroh h a s b e e n s h o w n to h a v e b e e n m o re th a n re p o rte d a t t h a t tim e .
T h e a d v ie e s f r o m o u r c o r r e s p o n d e n ts i n th e S ta te s o f K a n sa s a n d N e­
b r a s k a in d io a te t h a t t h e d a m a g e fr o m th e c o ld w e a th e r h a s b e e n a u g ­
m e n te d b y d ro u g h t a n d h ig h w in d s , a n d m u c h o f th e a r e a h a s b e e n
a b a n d o n e d a n d p lo w e d u p a n d p u t io o th e r g ra in . I n C a lifo rn ia th e
lo n g -c o n tin u e d d ro u g h t, a c c o m p a n ie d a g r e a t p o r tio n o f th e tim e by
h ig h w in d s, h a s p ro v e n v e r y d is a s tr o u s to th e o ro p , a n d in m a n v p la c e s
i t is s a id to h e a n e n tir e fa ilu r e in c o n s e q u e n c e . I n o th e r S ta te s th e
p la n t is d o in g v e ry w e ll c o n s id e rin g th e se t-b a o k c a u s e d b y th e cold
w e a th e r.
W in te r ry e , lik e w in te r w h e a t, h a s su ffe re d a d e c lin e s in c e la s t
m o n th , th e a v e r a g e f o r M ay 1 st b e in g 90-7 a g a i n s t 94 -4 i n A priL
T h e a v e r a g e s fo r th e p r in c ip a l r y e S ta te s a re , N e w Y o rk , 95; New
J e r s e y , 98 , a n d M ic h ig a n 91 , P e n n s y lv a n ia 90.
T h e a v e r a g e o o n d itio n o f b a r le y is 62-3 a g a i n s t 8 6 ’6 l a s t y e a r . T h e
lo w c o n d itio n is th e r e s u lt o f th e d r o u g h t i n C a lifo rn ia , i t b e in g th e
la r g e s t p ro d u e io g S ta te .
T h e c o n d itio n o f s p r in g p a s tu r e is 92-7; o f m o w in g la n d s . 91-7. T h e
p ro p o r tio n o f s p rin g p lo w in g d o n e M ay 1 s t is r e p o r te d a t 83-5 p e r
o e n t a g a in s t 73 -4 p e r c e n t la s t y e a r a t s a m e d a te .

The movement of breadstutfs to market ia indicated in tr e
statement below is prepared by ua from the figures of the
New York Produce Lxchange. We first give the receipts at
Western lake and river ports, arranged so as to present tbe
comparative movement for the week ending May 5, 18' 4.
and since August 1, for each of the last three years:
Blour.

Receipts a t—

W heat.

C o rn .

Oats.

Bariev.

Rye.

B b ls .im b s Bush.QO lbs Bush.bQ lbs Bush. 32 lbs B ushA Sl* B u . 66 lbs.
JnicaKO —
M ilw a u k e e ...
■D uluth...
M in n e a p o lis .
T o le d o ............
D e tro it..
C le v e la n d ....
3 t. L o u is ........
J e o r i a .. ..........
K a n s a s C ity .

70.432
43,450
105,C90
775
2,252
6,160
28,255
4,500

1,163.361
63,700

100.716
199,306
25.589
792,080
75.200
37,961
30,201
29.435
6,050
29,262

32,800
95,90 »
12,000
7,827
575 520
285.400
8,975

1,325.800
2,245,483
320,920
T o t-w k , ’94.
1,342.572
2,488,050
175,608
la m e w k ,’93.
S a m e w k .’92.
2,193,053
1,855,125
270,647
Since Aug. 1.
1893-94........ 10,267,813 184.435,849 127,508,018
1892-93........ 10,058,193 212,198,943 96,180,003
1891-92........
9,860.895 195,217,108 90,301,749

2,012,292
212.000

72,548
73,6oO

10,247
15,000

....
1,000

1,300
26.417
35,245
151.040
390.400
0.082
2,834.776
1.737,147
2.008,851

5,575
2,10 >

8.250
14,700

s.ooc

174,073
199.281
370,677

37.347
56,624
74,335

Indian corn futures have attracted very little attention, and
96,497.231 27,678.008 3,054.683
early in the week the market was easier in sympathy with
87,876.363 28,148.380 0,649,579
the weakness of wheat, but subsequently a small movement
83.385.864 29,520.054 13.804,333
of the crop stimulated a limited demand from “shorts” to
The receipts of flour and grain at the seaboard ports for the
cover contracts, and prices advanced. Business in the spot
market has been quiet and prices have made fractional de­ week ended May 5, 1894, follow;
F lour ,
W heat,
C om ,
Oats ,
Barley,
Rt/A
clines. The sales yesterday included No. 2 mixed at 43%@ Receipts a t—
bbls.
bush.
bush.
bush.
bush.
bush.
43^c. in elevator and 4 i:X<S44%c. delivered ; also No. 2 N e w Y o r k .... .......... 223,909 346,876 210,600 300,000 24,175 ..............
62,211
131,102
113,230
135.125
....................................
white at 47c. delivered. To-day the market weakened a BMoosntotrne...........................
a l......................
15.1M2
600
...............
13,027
«00
.............
trifle in sympathy with the weakness of wheat. The spot P h i l a d e l p h i a .............. 58,273
97.911
56,091
35.771
4 0,10
........
a ltim o r e .................... 155,015
69.282
50,983
16 00 >
..............
6u0
market was moderately active. The sales included No. 2 BR ic
h m o n d ........................
4,930
10,024
28,538
4,530
.................................... 1
N ew O r le a n s ................
8,423
80,130
30,448
23,775
....................................
mixed at 43%@43%c. in elevator and 44% ct44%c. delivered.
D A IL T CLOSINO P R IC E S O P NO. 2 M IX E D CORN.

S a t.
M ay d e liv e r y ......................o. 4 3%
J u ly d e liv e ry ....................... c. 4 4 7»

M on.
43%
4 4%

Tues.
4 3%
4 4%

Wed.
44
45

T h u rs.
43%
4 4%

F ri
43%
44%

Oats for future delivery have been less active, and during
the first half of the week prices declined under realizing sales
by longs, prompted by expectations of an increase in the crop
movement, but subsequently renewed buying by “shorts” to
cover contracts caused the loss to be recovered. The spot
market has been fairly active, but at irregular prices. White
grades have advanced, while mixed grades, which have been

T o t a l w e e k .........
W e e k 1893 ...................

528,773
319.837

735,927
1,633,214

494,905
1.531,888

628,931
1,045, L81

28,775
25,170

600
6,73 3

The total receipts at ports named in last table from Jan. 1
to May 5 compare as follows for four years:
1894.
0,677,614

1893.
5,893,028

1892.
6,276,062

1891.
4,709,014

W h e a t ................ . b u s h . 6,212,319
C o r a ..........? ........ ............ 24.690.456
O a t s .....................
B a r l e y ................. ............ 1,709,729
R y e ........................

12,347.919
15,719,194
12.727.570
2,374,774
238,996

29,732.252
52,452,128
18,002,905
2,587,657
2,045,789

7,809,076
12,971,853
11,264,600
1,506.079
153,704

T o t a l g r a i n ............... 43,805,637

43,408,453

103,480,731

33,705,913

Receipts of—

F l o u r . ................. . .b b l s .

THE CHH0N1CJLE.

May 12, 1824,]

The exports from the several seaboard ports for the week
ending May 5, 1894, are shown in the annexed statem ent
TTJirat.
bush.

Exports from—

C om .
bush.
388,673
135.028

N ew Y o r k .. — . . . . . 820.1*4
B o s to n — ,, ............ 111.11<5
M o n tr e a l ................. .

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

B a l ti m o r e - ........ .
H e w O r l e a n s .........
N e w p o rt H e w s . ........

181,881
83.278
58,000

Philadelphia...........

*3 $
38, too
11915

15,97?

P o rtla n d -...............

Oats,
bus*.
.

flo u r.

Rl/e.

Peas.
bush.
7.758

bush.

592

11,798
17,029

3-m

*85,71*4
31,823

33,971
1U .147

e.572

Total w m k ..........1,362.446

731 ,*68
621.701

Sense tim e 1863.....1,518,010

'83

405

387.342

162,784

23,18$

250,788

925

30.585
51,050

16.233

The destination of these exports for tbe week and since
Sept. 1,1893, is as below. W e add the totals for the corresponding periods of last year for comparison:
Exports for
m ek am i smce
Sept, i t o I . M C. A m erica..
W e st In d ie s........
B rit. N. A. C ol's.
Oth«rco«mtri€Ni..

- Wheat,-

Week

Mayo.
bbl*.
230.019

la l$»3.

51,7 i l
34,43$
22,583
018

, 307.3*3
T otal i R M a ......., 162,764
T o ta l.....

SJS35.343
1,097,2U
1,060,378
052.314
3C1.3&3
27.025

Week Since SepL
MayS.
L 1893.
bm h.
bm h.
913.8n7 18.171.790
434,715 17.fl3?.58*
19.22©
28.08 L
14,801

155,130

9,203,882 1.302.446 30,014,822
6.745.6m 1.518.910 58,505.893

-Corr.
Week
May 5.

bum,

bmh.

23.421,498

~73l~*&0

42,953.815

18.727.7S0
90.271
78,815

921.701 24,188-993

The visible supply of grain, comprising the stocks in granary
at tbe principal points of accumulation at lake and seaboard
ports, May 5, 1894, was as follows;
Wheat*

JT» store a t—
New Yrir.it............ .
Do
a f lo a t.. , .
A J& acy. . . . . . . . . . . . .
B u ffalo .................... . . . 1.916,000
Do
a f lo a t...
C h ic sw o ...
___ .. -19.774.000
M ilw au k e e ........ . . . . 965.000
Do
a f lo a t..D alatfa . . . . . . . . . . . . . . . 9,906.000
T o leflo....... ............. . . . 2,750.000
Do
a f lo a t...... ............... .
D e tro it — ............ M7&006
Do
a f l o a t ....... .
..........

Oaweso . . . . . . . . . . . . . . .
20,606
St. fxroia................... 2,1*70,800
.Do
a f l o a t ,.,....
fto c tn a a k ti-..... . . . . . . .
B e tto n ...
,t o . . . . . . . . . . . . . . .
■- •.......

624,000

Peor i a. . . . . . . .

ItifiyOOfl

„ — Jm ,. . . . . . . . .

lafl|*B »polts............. .

?,yOo
fll.000

im/M

wmwM'mr.%m,<m
B ai Utmm■-*- ... . ,,,...

MIonmiMjl!*,,, . . . . . . . JO,US7,000
8t. P a a f . . . . .............
...........

O n M ississippi H ire r.

80.000

O n aaottl afifl r tv « r ,, .

BSSyflOtt

On ta k e # ...

Oats.
bus#.
614000

2M 00
614,000

20.000
32,000

"ilooo

4,762.000

798,000

iwxw

30,000

" 7,006

£82,000

‘ si/ioo
8,0^8

m ooo

INuM*
11,000

150,000
3.000
<SO»?.0y0
14,000

SIS 00

130,000

MfflBk
mMm

30,000

37,000

*io„ao6
.
1*000

0J.**0O
U.«*'W
20.000

bus*.

7,000
’ 17.000
10,000

77.000
38.000

‘£666

*iHe66
S.V; >«»0

IU1&&0GO 3 ,m .o o o
a^*2.«oo
4.602.000
3.7iS,0®» %tmjm

triNMMN)

448,000

Yo r k

to

1894.

1893.

Week. S in c e J a n . 1.

Week,. S in c e J a n . 1.

M a t 8.

iJ r e a t B r ita in ............................
O th e r E u r o p e a n .......................

Ohina. .....___________—

India................. ...........................
Arabia............................... ...........
A frio a...........................................
V e st I n d ie s .................................
A e x lo o ..................... ....................
08 a c r a l A m e ric a ......................
S m t h A m e rio a .........................
O (h e r o o u n trle s .........................

103
59
102
57

....

2
560
8
2 16
732
1 00

2 ,3 3 9
1,401
3 2 ,767
4 ,0 1 9
7,2 3 0
3 ,0 5 7
7,4 0 4
669
2 ,2 7 7
1 3 ,410
1,1 2 2

65j
13
350

__

1
4 95
38
62
1,4 4 6
7

1,630
471
1 0 ,405
1,616
4 ,3 4 3
5,0 1 2
7 ,6 3 7
7 05
1,825
1 7 ,155
977

T o t a l...........................
b in s , v ia V a n c o u v e r* ....

1,939

7 5 ,7 4 5
8,8 7 8

2,4 7 7

....

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

T o ta l......................................

1,9 3 9

8 4 ,6 2 3

2,477

6 2 ,2 0 0

The value of the New York exports since Jan . 1 has been
$4,088,497 in 1894, against $3,044,001 in 1893.
Toe feature in brown goods has been the dem and for drills
and Osnaburgs, which have been in request for dying and
printing purposes. Brown sheetings of all weights have been
quiet on both home and foreign account. Prices are irregular.
In bleached shirtings “ F ru it of the Loom” 4-4 has been ad­
vanced to 73^e. and 7-8 to *P±c. The Rivals 4-4 bleached ad­
vanced 21, per cent while Masonville 4-4 will be raised to T-'/Jc.
early next week. Beyond this, bleached shirtings are unal­
tered both as regards dem and and prices. W ide sheetings
dull. A good business has be-sn done in Canton flannels;
prices range from 10 to 15 per cent under la3t year. Colored
cottons all quiet and without material alteration. W hite
goods continue doll, as do kid-finished cambrics and other
linings. In printed fabrics there has been more business
doing in the purely sum m er lines in challies. lawns and fine
light fabrics at irregular prices. Regular prints of all kinds
have been in about late average request and w ithout special
feature. Ginghams are quiet in fine and dress style ginghams
and slow in staples. P rin t cloths are inactive and barely
stead? at 2 11-1 tic. at Fall River, with sales outside at
2 81-33C .

7.000

2.* .* •- -

1.798.000

10,348,400
u u u jc o o

Barley

11.000

9.00#
'SSMWO
642,0*50

... .... 2,662.000

T o ta l May 7, lflMUftfl. 101.000
T o ta l M ay 9. IflftLJftjM aM P

bm h,
18,000

Kooo

T o ta l May 5. UWutfJUMMttQ
T o ta l Apr.SH, l

Total May «, !**. T&Qft&OOO

Bye,

Com,
bush.
638,000

ew

» P ro m N ew E n e la n d m ill p o in ts d ir e o t

493.240
212,665
1.432
13.296
3,000
2.263

N

829

i UM1

1891.
Stock o f P r in t C lothe—
M ay 5.
H e ld b y P r o v id e n c e m a n u f a c tu r e r * . 2 '2 .0 0 0
P a li R iv e r m a n u f a c tu r e r s ............- . .. 4 9 8 , 0 0 0
T o ta l e te o k (p le e e el ....................... 7 2 0 ,0 0 0

3,000

£0,000
**4.000

«T.«K»
485.000
A*3,«00
650,004

TH E DRY GOODS TRADE.
S a w Y o u , F r id a y . P . M , M ay 11, 1894

The general features of the m arket have undergone little
change during th e past week. The attendance of buyers has
b e e n o n a moderate scale, and orders through the mails of an
average character for most descriptions of merchandise. In
some specialties, such as fine and light summ er fabrics in
cotton goods, light-weight underwear and strictly seasonable
lines, the long spell of fine weather has had a beneficial effect,
the improved distribution by retailers and jobbers having
>been reflected in the primary m arket more noticeably this
week than before. The movement of staple goods is, how­
ever, w ithout material alteration. The chief feature in prices,
and practically in the m arket generally, has been an advance
road- in one or two leading lines of bleached shirtings, which
have been pnt up from 2 to %% per cent. This movement has
had no material effect on prices in other directions, these
being still governed by condition of stocks in hands of differ­
ent agents: but the fact th a t some agent* are in a position to
mark up prices has not been w ithout tom e influence on the
tone at large. Tbe manufacturing situation is unchanged but
it is report-d that scarcity of coal through the miners' strike
is threatening some interruption to steady working of the
mills in Fall River and elsewhere.
Domestic W 0#t*N8.—Buatoem in this departm ent is still
confin«l within very restricted limit* so far as new order* go,
neith-r light-weight woolens and worsteds for immediate use
nor heavy-weights being in particular request. Agents are.
however, being kept up to the mark in deliveries on back order*
so far as their mill*' production will permit prom pt shipments.
The uslnes* doing is p r ’Ctically without prominent charac­
teristics beyond continued preference for low and mediumpriced stap hs and fancies over higher-priced good*. Th*
overcoating ouidnets continues dull in all departm ents, and
cloak ing-* are in hut limited request. There ia a slack demand
only for doeskin jeans, satinet*, union and cotton- warp cassi
meres and mixtures generally. Flannels and blankets are
affected by after-auction lassitude and carpets are slow.
Dress goods for fall have been in fair demand, and Borne
leading nee of fancies are practically sold up for the season.
■ D o m is s t j c C o t t o n G o o d s . — The exports of cotton good*
from this port for the we-k ending May 8 were 1,939
packages, valued at $159,285, their destination being to the
points specified in the table below:

1893
M a y 6.
5 8 ,0 0 0
7 7 ,0 0 0
1 3 5 ,0 0 0

1892.
M a y 7.
N one.
4 ,0 0 0
4 ,0 0 0

F or RIOS Dry GOODS.—The dem and for fall supplies con"
tinues on quite a contracted scale in all lines of merchandise’
neither fabrics in woolen or worsted dress goods and silk*’
nor specialties in ribbons, hosiery, fancies and the like, being
ordered with any freedom. The business in seasonable lines
is purely of a piecing-out character at irregular prices.
I m p o r t a t i o n s an d W a r e h o u s e W i t h d r a w a l , o f D r y « o « . o « .
The importations and warehouse w ithdraw als of dry gooo*
at this port for the week ending May 10, and since Jan, 1,
1894, and t. >r the oorrtwpouding periods of last year are a s
follows:

[Vol. Lvrn.

THE CHRONICLE.

830

each loan reference is made to the page of the Ch ro n i ­
c l e where a full account of the sale is given.
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words, with the new facts we shall give, the amplifications
and corrections we shall publish, and the municipal laws we
shall analyze in the “ State and City Department,” we expect
to bring down weekly the information contained in the
State and City S upplement to as near the current date as
possible. Hence if every Subscriber will note in his S u p ple ­
ment on the page designated at the head of each item a
reference to the page where the item in the Chronicle can
be found, he will at all times possess a complete and fresh
cyclopaedia of information respecting Municipal Debts,

M U N ICIPAL

BOND

BALES I N

A P R IL .

The sales of municipal bonds reported during the
month of April and since the 1st of May indicate that
the demand for these securities is constantly increasing.
Probably no other class of investment has gained so
rapidly in popularity since the silver-repeal bill
became a law six months ago. This is undoubtedly
owing to the almost absolute security which these
bonds afford the investor, and it is but na ural after the
disasters of the past year that capital should seek the
safest possible investment, although the income may be
small. It goes without saying that in times, like the
present, of recovery from great financial depression,
safety is the first requisite and income but a secondary
consideration.
The prices paid for loans marketed in April are
shown in the table below. On the average they are
better than in any of our monthly reports for two
years. The activity of the market is also shown by the
unusually large number of bidders iu competition for
nearly every offering. Three places report bids from
over twenty different parties, ten places report over
ten bids and seventeen places report more than five
bids. Among some of the good prices reported last
month was that received by the State of Massachusetts
(108’535) for
per cent 40-year gold bonds. Provi­
dence, R. I., got as high as l l l -408 for a 4 per cent
30-year bond, while the same city a year ago last March
sold bonds of the same rate and time at 105-855. The
amount of bonds issued and sold since the first of May
has been very large, and unless there is a great falling
off during the next two weeks we shall have next month
the heaviest report that we have ever published.
In the table below we give the prices which were
paid for April loans to the amount of $8,606,092, issued
by twenty-seven municipalities. The aggregate of sales
for which no price was reported is $2,739,300, and the
total sales for the month $11,345,392. In the case of

R ate.
Page.
L o c a tio n .
4
7 4 4 ..
6 9 1 ..
4*2
4
6 4 9 ..
4
6 4 9 ..
4
6 4 9 ..
7 8 7 .. B u tle r C o u n ty , O liio .. 4*2
. 4
M l.
6
787.
7 8 7 . .J e r s e y C ity , N . J .......... 5
692. .K a lis p e ll, M o n t............ —
7 8 7 . .K in g s C o u n ty , N . Y .. 4
7 8 7 . .K in g s C o u n tv , N . Y .. 4
7 8 7 . .K in g s C o u n ty , N . Y .. 4
787. .K in g s C o u n ty , N . Y .. 4
. 4
611.
—
611. M aid e n , M a s s ..
. 4
7 8 7 . M ald e n , M a s s ..
—
650. M a r ie tta , O liio.
. 3 ia
650.
7 4 5 . M ilfo rd , O h io ............... 6
745. .N e w B e d fo rd , M a s s ... 4
7 4 5 . .N e w B e d fo rd , M a s s ... 4
7 4 5 . .N e w B e d fo rd , M a s s ... , 4
7 4 5 . .N e w Y o rk C ity, N . Y .. 3L?
745. .N e w Y o rk C ity , N . Y .. 3
7 4 5 . .N e w Y o rk C ity , N . Y .. 3Ljl
745. .N e w Y o rk C ity , N. Y ... 3Ja
651. .P o p la r B luff, M o
. 4
745.
. 4
745.
. 4
7 4 5 . .P ro v id e n c e , R . I .
. 4
745.
3 ia
692.
7 4 5 . R o c h e s te r, N . Y ............. 312
. 4
745.
. 4
652.
—
6 5 2 . S alem , M a s s ............
. 5
S t. B e r n a r d , O h io .
. 4 12
746.
.W a p e llo C o u n ty , l a . . . 5
6 9 3 . . W illia m a b rid g e , N. Y . 6
6 9 3 . W illia m s b rid g e , N . Y . 6
. 4
694.
. 4
746.

M a tu r ity .
A m o u n t.
189 5 -1 9 1 4
$ 3 6 0 ,0 0 0
M ay 1, 1 9 2 4
1 0 4 ,0 0 0
1 0 0 ,0 0 0
1 904-1923
4 5 ,0 0 0
1 8 9 9 -1 9 2 3 ■
1895 -1 9 0 1
7 ,0 0 0
4 0 ,0 0 0
190 4 -1 9 1 8
3 0 0 ,0 0 0
A p r. 1 ,1 9 2 4
2 6 .0 0 0
M ay 1 ,1 9 2 4
6 0 0 ,0 0 0
2 0 ,0 0 0
M ay 1, 1909
1 0 0 ,0 0 0
1 0 0 ,0 0 0
M a y 1 ,1 9 1 0
M ay 1, 1905
1 1 0 ,0 0 0
1 1 0 ,0 0 0
M ay 1, 1 9 0 6
J a n . 1, 1 9 1 4
4 2 ,0 0 0
2 0 ,0 0 0
(C ity n o te s )
1924
1 0 0 ,0 0 0
1 1 ,0 0 0
1 ,0 0 0 ,0 0 0
J a n . 1 ,1 9 3 4
5 ,6 7 1
A p r. 1, 1 9 2 4
1 2 0 ,0 0 0
3 2 ,0 0 0
A p r. 1, 1914
A p r. 1, 1 9 0 4
8 9 ,0 0 0
4 0 0 ,0 0 0
N o v . 1, 1913
N ov. 1, 1913
4 0 0 .0 0 0
4 0 0 ,0 0 0
N o v . 1, 1913
1 7 0 ,4 2 1
N o v . 1 ,1 9 1 3
2 0 ,0 0 0
3 0 0 ,0 0 0
M ay 1, 1 9 2 4
3 0 0 ,0 0 0
M ay 1 ,1 9 2 4
M ay 1 ,1 9 2 4
3 0 0 ,0 0 0
3 0 0 ,0 0 0
M ay 1 ,1 9 2 4
1 9 0 4 -1 9 3 4
1 ,5 0 0 ,0 0 0
1944
10 0 ,0 0 0
2 4 5 ,0 0 0
19 0 4 , ’09 & ’24
1895-1904
9 0 ,0 0 0
3 0 ,0 0 0
(6 m o s. N o te s)
1914
8 5 ,0 0 0
5 0 ,0 0 0
M ar. 1 ,1 9 1 4
5 0 ,0 0 0
1909-1943
3 5 .0 0 0
2 5 ,0 0 0
K
ftrS32 3 3 9 ,0 0 0
2 5 ,0 0 0
1920 -1 9 2 4

A w ard.
100101-259
104-25
10101
100-35
102-9
105-359
110 -5 0 7
105-27
101-1 3 5
106-07
10 7 -2 7
104-05
104-37
104-79
10089
106-6 1 7
103625
108*535
101 -0 4 0
107-03
1 0 5 -0 7
102-8 9 1
103-77
103104-21
104-55
1 0 4 -8 2 5
11 0-8 1 5
111-0 6 6
111-187
111-408
105-88
100104-50
101-25
1 0 3 -0 1 7
1 0 2 -5 1 4
1 0 3 -7 7 6
1 0 1 -1 6 6
108100105-15
104-25

T o ta l........................................................ ....................... $ 8 ,6 0 6 ,0 9 2
A g g re g a te o f s a le s fo r w h ic h n o p r ic e h a s
b e e n r e p o r te d (fro m 28 m u n ic ip a litie s ) . . . 2 ,7 3 9 ,3 0 0
T o ta l s a le s f o r A p r il............................................ $ 1 1 ,3 4 5 ,3 9 2

Since the publication of the list of sales for March,
we have received notice from Priend, Neb., of the sale
in that month of 6 per cent bonds to the amount of
$18,000, maturing in 1914, at 102. This additional
loan will make the total sales reported in March foot
up $5,080,424.
Maine Savings Banks’ Investments.—We desire to supply
an omission in our digest of the laws restricting investments
allowed to savings banks in the State of Maine [ S t a t e a n d
C i t y S u p p l e m e n t , page 10].
Section 100 of the Revised
Statutes of the State (see clause eight below) authorizes sav­
ings banks to invest their deposits in the mortgage bonds of
water companies in Maine and New Hampshire. In the
Supplement the words “ a n d N e w H a m p s h ir e ” were omitted.
The synopsis of the law as given here has been revised and
corrected by a careful comparison with the Statutes as they
now stand.
T h e g e n e r a l p ro v is io n s r e s p e c tin g in v e s tm e n ts a r e fo u n d in S e c . 1 00
o f C h a p te r 4 7 o f t h e R e v ise d S ta tu te s o f th e S ta te , a n d a r e a s fo llo w s
S e c t io n 1 0 0 .—S a v in g s b a n k s a n d in s t it u t io n s fo r
r e s t r ic t e d to , a n d h e r e a ft e r m a y i n v e s t , t h e ir d e p o s its —

s a v in g s

are

(1) I n t h e p u b lic fu n d s o f a n y of t h e N ew E n g la n d S ta te s , in c lu d in g
b o n d s o f t h e c o u n tie s, c itie s a n d to w n s of th e sam e.
(2) I n th e p u b lic fu n d s o f th e U n ite d S ta te s a n d D is tr ic t o f C olum bia.
(3) I n t h e s to c k o f a n y b a n k o r b a n k in g a ss o c ia tio n in c o r p o r a te d
u n d e r a u th o r ity o f th is S ta te o r o f th e U n ite d S ta te s .
(4) I p th e m u n ic ip a l b o n d s o f c itie s o f t e n th o u s a n d in h a b ita n ts , o r
m o re , o f t h e S ta te s o f N e w Y ork, P e n n s y lv a n ia , M a r y la n d , O hio, I n d i­
a n a , K e n tu c k y , M ich ig an , W isc o n sin , M in n eso ta , Io w a , Illin o is, M is­
so u ri, K a n s a s a n d N e b ra s k a , a n d i n th e p u b lic f u n d s o f e a c h o f th e
a b o v e -n a m e d S ta te s , a n d i n th e b o n d s o f c o u n tie s in th e s a id S ta te s ,
h a v in g tw e n ty t h o u s a n d p o p u la tio n , w h e n n o t is s u e d i n a id o f ra ilro a d s ;
p ro v id e d t h a t n o in v e s t m e n t s h a ll b e m a d e in th e b o n d s o f a n y c itie s o r
c o u n tie s o f th e S ta te s a b o v e n a m e d , e x c e p t t h e C ity o f S t. L o u is, Mo.,
w h e re th e m u n ic ip a l in d e b te d n e s s of s u c h c ity o r c o u n ty e x c e e d s five
p e r c e n t of its a ss e ss e d v a lu a tio n .
(5) I n th e f ir s t m o rtg a g e b o n d s of a n y c o m p le te d r a ilr o a d s o f th e
S ta te s a b o v e n a m e d , to g e th e r w ith N ew J e r s e y , K a n s a s a n d N e b ra sk a ,
a n d in th e f ir s t m o rtg a g e b o n d s o f th e C e n tr a l P aciflo , U n io n P a c ific
a n d N o r th e r n P a c ific r a ilr o a d s , a n d i n th e r a ilr o a d b o n d s o f th is S ta te .
(6) I n th e s to c k o f a n y d iv id e n d -p a y in g r a ilr o a d in N ew E n g la n d ;
a n d in th e s to c k a n d m o rtg a g e b o n d s o f a n y o th e r r a ilr o a d le a se d to
s u ch d iv id e n d -p a y in g r a ilr o a d u p o n te r m s g u a r a n te e in g th e p a y m e n t
of a r e g u la r s ta t e d d iv id e n d u p o n th e s to c k of s u c h le a s e d r o a d a n d th e
in te r e s t o n its b o n d s.
(7) I n th e s to c k s o f a n y r a ilr o a d c o m p a n y in th is S ta te u n e n c u m b e re d
b y m o rtg a g e .
(8) I n th e m o rtg a g e b o n d s o f a n y w a te r c o m p a n y i n th is S ta te an d
N ew H a m p s h ir e a c tu a lly e n g a g e d i n s u p p ly in g to a n y c ity o r cities,
to w n o r to w n s, v illa g e o r v illa g e s, o r o th e r m u n ic ip a l c o rp o ra tio n ,
w a te r f o r d o m e stic u s e a n d f o r th e e x tin g u is h m e n t o f fires, w h e re v e r
su cli c o m p a n y is e a r n in g m o re t h a n its fix e d c h a rg e s , in te r e s t o n its
d e b ts, a n d its r u n n in g e x p e n se s.
(9) I n th e s to c k a n d b o n d s of a n y o th e r c o rp o ra tio n s in c o rp o ra te d
u n d e r -a u th o rity o f th is S ta te w h ic h e a r n a n d a re p a y in g r e g u la r d iv i­
d e n d s o f n o t less t h a n fiv e p e r c e n t a y e ar.
(10) A n d m a y in v e s t b y lo a n o n fir s t m o rtg a g e s o f r e a l e s ta te in th is
S ta te a n d N ew H a m p s h ir e n o t e x c e e d in g s ix ty p e r c e n t o f its v a lu e ;
a n d m a y lo a n to a n y c o u n ty , c ity o r to w n th e re o f.

Ma t 12, 1894)

THE CHRONICLE.

831

Dallas, Texas.—(State and City Supplement, page 176.)
—City Auditor John F. Caldwell writes the Chronicle that
funds are in the hands of the State Comptroller at Austin to
redeem the city’s bonds issued to the Dallas & Wichita Rail­
road, and due June, 1894. He also states that the city would
like to pre pay the 8 and 10 per cent funding bonds to the
amount of $86,600, due in 1895, 1896 and 1904,
(14) All investments shall be charged and entered on the books of the
Danbury, Conn.—(S tate and City S u pplem en t , page 37.)
bank at their cost to the bank, or at par when a premium is paid.
(1 1 ) A nd m a r lo a n o n n o te s w ith a p le d g e as c o lla te r a l of a n y o f th e
i ’•
./h id in g s a y in g s b a n k d e p o s it b o o k s o f a n y
s a v in g s b a n k in th e S ta te , a n d th e s to c k o f a n y o f s a id r a ilr o a d com ­
p a n i e s , n o t o v e r sev e n ty -liv e p e r c e n t o f th e m a r k e t v a lu e o f su c h sto c k .
j 12 > A n d m a y lo a n to c o r p o ra tio n s h a v in g r e a l e s ta te a n d d o in g b u s i­
n e s s In th is S ta te .
(13) A nd m a y a lso lo a n o n a p le d g e o r m o r tg a g e o f sn o h o th e r p e r ­
so n a l p ro p e rty a s , in th e ju d g m e n t o f th e tr u s te e s , i t is sa fe a n d fo r th e
I n te re s t o f th e b a n k to a c c e p t

B e sid e s th e fo re g o in g . S e c . 1 0 1 (as a m e n d e d in 1 8 9 3 ) p ro v id e s t h a t
a n y b a n k m a y h o ld r e a l e s ta te In t h e c ity o r to w n in w h ic h s u c h b a n k
o r in s titu tio n la lo c a te d n o t e x c e e d in g fiv e p e r c e n t o f i t s d e p o s its .
T h e n fo llo w tw o o th e r s e c tio n s , b o th o f w h ic h a r e im p o rta n t,

The follow ing is a list of th e bids received on May 10 fo r the

$100,000 of 4 per cent 30-year bonds ;

Bid,

W. I. Q u in ta rd , N ew Y o r k .......................................................................... 101-93
E . H . K ollio s, B o sto n ............................................ .....................................101-37
S tre e t, W ykes A C o.. N ew Y o rk ................................................................ 100-633
G e rm a n -A m e ric a n I n v e s tm e n t C o., N e w Y o rk ..................................100-783
B re w s te r. C obb A E s ta b ro o k , B o s to n ....................................................100-593
O. H . W hite & Co., New Y o rk ...................................................................... 100-360
F a rs o n , L e a c h A C o., N ew Y o r k .............................................................. 100-270
B lo d g e tt, M e r r itt A C o., B o s to n ............................................................... 100-103

Sscnos 102.—No such bank or Institution shall hold, by way of
investment or as security for loans, or both, more thau one-fifth of the
capita! stock of any corporation, nor invest more than ten per cent of
its deposits, not exceeding sixty thousand dollars, in the capita! stock of
any corporation, nor have more than llfty per cent of its deposits in
mortgages of real estate. This section and the too preceding do not
The loan was awarded to W. I. Quintard. The bonds are
appt:/ to real estate or other assets acquired by the foreclosure of a
mortgage thereon, or upon judgment tor debts or in settlements to to be dated July 1, 1893, and both principal and interest will
secure debts.
,
, ,
S e c t io n U '3 .—S a v in g s b a n k s m a y d e p o s it o n c a ll in b a n k s o r b a n k in g be payable in "gold coin at the National Park Bank, New
a s so c ia tio n * in c o r p o ra te d u n d e r th e a u th o r ity o f t h is S ta te o r th e la w s York City. Interest is ‘^payable semi-annually on Jan, 1 and
o f th e U n ite d S ta te s , a n d r e c e iv e I n te re s t f o r t h e sa m e.
July 1.
I t is a ls o p r o v id e d (Sec. 104) t h a t n o lo a n s h a ll b e m a d e d ire c tly o r
Danville, K f.—Bids will be received by Mayor James L.
I n d ire c tly to a n y o fficer o f a b a n k , o r to a n y A n n o f w h ic h su o h officer
la a m e m b e r, a n d f u r th e r m o r e (Sec. 105) t h a t n o g ift, fe e , co m m issio n Allen or Town Clerk F. N. Lee until May 26 for $70,000 of 5
o r b ro k e ra g e s h a ll b e re c e iv e d b y a n y officer o f a s a v in g s b a n k o n per cent 10, 15 and 20-vear water-works bonds. The securi­
a c c o u n t o f a n y tr a n s a c tio n to w h ic h th e h a n k is a p a r ty .
ties will be dated July 1,1894, and interest will be payable
semi-annually (J&J) in New York City. A sinking fund is
established by law for the payment of the bonds at maturity,
K o D d f * r o p « » » l* a n d N e g o t i a t i o n s . —W e have re ­
and they are a first mortgage on the entire water plant. The
served through th e week th e follow ing notices of 1 onds
town has no other indebtedness. Proposals must be accom­
recently negotiated and bonds offered an d to be offered for
panied by a certified check for 5 per cent of the amount
tale.
bid for.
A b lo g to n , P a .- ( S tate and City S u pplem en t , page 65.)
Further particulars regarding this sale will be found in an
—It is reported th a t fo u r an d one-half p er c e n t road im prove­
m ent bonds of this tow nship to th e am o u n t of $50,000 have advertisement elsewhere in this Department.
recently been sold. Class E, $12,000, d u e May 1, 1895, at
Denver, C o l. - , - T a t e a n d C i t y S u p p l e m e n t , page 38.)—
101JT; Class F, $18,000, due May 1. 1900, a t 104.t£ for $5,000 The $2,000 of 0 per cent local improvement bonds offered for
a n d 104)^ fo r th e rem ain in g $18,000; an d class 6 , , $20,000, sale April 3*1 were awarded to Oiney Newell, of Denver, at
due May 1,1908, a t 104J£. In te re st is payable sem i-annually 90, The loan bears 6 per cent interest and matures September
in May and N ovem ber, an d th e bonds a re ex em p t from i, 1901, with an option of call at any time.
tax atio n .
D illon, Mont,—This city will offer for sale on June 2, at
A m sterdam F re e School D is tr ic t No. 18, New Y ork.— public auction, $43,000 of 6 per cent water bonds. They will
F o u r per cen t bonds of th is school d istric t to th e a m o u n t of be dated July 1, 1894, and will run 20 years, with an option of
$14,000 w ere sold on A pril 80 to th e A m sterdam Savings Bank call in 10 years. Interest will be payable semi-annually ou
a t lOO^, Tw o bids w ere received for th e loan. The bonds January 1 and July 1, at the office of the City Treasurer, or at
m atu re a t the ra te of $1,000 y early from O ctober 1, 1896, to any New York bank designated by the purchaser.
O ctober 1,1909.
Elmira, N. Y.—(S tate and City S upplement , page 47.)—
A nderson T o w n sh ip , O hio.—This tow n sh ip has been a u ­ T«n bids were received on May 5 for the $30,000 of registered
thorized by the L egislature to issue $20,000 of bonds for an school bonds of the city of Elmira, a list of which is as fol­
electric road. W e are inform ed, how ever, by th e C ounty lows :

B id .
T reasurer th a t the bonds w ill n o t be sold u n til th e question
...........101-183%
baa been subm itted to the voters of Garfield tow nship, w hich F r a n k lin L . S t a l d o n . . . . . . — ............
............104-916%
P a rso n . L each A C o ......................... . . .
is also interested in th e m atter.
............IO2-10
D u n seo tn b A le u n if lo n .. . . . . . . . . . . . .
............103-35
Amet loan Investment Co.
A ttic a , O hio —The people of A ttica have asked for a u th o r­ German
..............100-56
s tr e e t , w y k e* A C o................................ .
ity to issue $10,000 of w ater-w orks bonds.
............103-76
Beowetl A E v o rltt...............................
............102-55
W, t. Q u in ta r d .....
A n b u m , N. Y.—(Sta te and C it t S u pplem en t , page 44.)— G e o rg e H . H a h n . . , . .................. —
............. 100-67
.......... 10210
A ccording to an official report received th is week from J o h n C, W e l le s ................................. . . . .
............. 103-17
A u b u rn , N. Y . $300,000 of 4 per c e n t w ater bonds m atu rin g N. W. H a rris A C o . . . . . .........................
The bonds were awarded to Farson, Leach & Co. Interest
a t ih e ra te of $25,000 yearly from May t , 1914, to May 1, 1925,
at the rate of 4 per cent is payable semi-annually and $10,000
w ere sold as fo llo w s:
To N. W, RirrD A Co............................. ....#23.000 due 1914 t 105-55 of the amount becomes due in 1908, $10,000 iu 1909 and $10,000
“
"
25,000due1015 <cin
105-73
1910.
titles Savings Bank .................................. 25,000doe 1910 ■> 105 92
Ind.—It is reported that Greenfield has sold 6
•*
23.000due1017a 106Greenfield,
O9
N. W. Harris A Co.................................... 23,000duo 1918 i 106-23 per cent rood bonds to the amount of $26,000 for a total pre­
titles Savings Bank.. . ........-_______
25,000due1010A106-41 mium of $2,782.
••
'•
25,000due1920 « 106 - 3
Hastings. Xeb..—(S tate and City S u pplem en t , page 124.)
N, W. Hands A C o..................................
25.000don1921106 67
“
••
23,000due1922 si—Ten
106-41 thousand dollars of water-works extension bonds of
”
25,000due 19)3 #this
106-95
city were sold on May 7 to N. W, Harris & Co. of Chicago
Auburn .-tarings Bank....... ................. .
23.000due Unit s 10742
........ ..................... 25,000 due 1923 « 107-36 at par. Four bids were received for the loan. Interest will
The total prem ium received for th e bonds w as $!9,000 and he payable at the rate of 5 per cent, and the bonds will run 20
the W ider Com m issioners expressed them selves as welt pleased years.
H a rriso n C ounty, O hio.—A list of th e bids received on
w ith th e negotiation. The to ta l am o u n t offered w as $313,000,
b u t bonds to the am ount of $18,000 w ere w ith d ra w n from the May 1 f o r th e $20,000 of 5 p er cen t c o u rt house bonds of th is .
m ark et as the large prem ium on the $300,000 rendered it u n ­ county is as fo llo w s:
A m o u n t bid.
necessary to sell th e rem ainder.
F a rs o n , Is-a e h A Co., C h i c a g o . . . . . . . ....................... ....................... j»20,575
T.
h.
Lewis,
Dayton..............
...............................................
75
Bode, Io w a.—The people of Bode have voted in favor of 0* A. E n s ig n . C h ic a g o ........................... —......... - ...........................2 0--20.535
,4 3 8
issuing bonds for w ater-w orks,
J . R. M itch ell, F r a n k lin , P a .................................................................. £ 0 ,450
I. B a n a A- BOD, C le v e la n d ................................................................ 2 0 ,3 7 5
B ro o k ly n , N.Y.—(Sta t e and C ity S u pplem en t , page 44,)— W.
L io n , Gray & C o., C n tcag o *— ........ .................... ................2 0 ,3 5 1
G overnor Flow er has signed th e bill au th o rizin g B rooklyn to B lo d g e tt, M e r ritt & Co., B o s to n ...................................- .................... 2*»,338
issue park im provem ent bonds to th e am o u n t of $250,000.
M at on , L ew is & * o , C h ic a g o ..................................— ....................... 2 0 ,347
L a m p n e h t B ros, & C o., C le v e la n d ........ ..........................................2 0 ,3 2 0
C arey, Ohio. —T h e village of C arey w ill issue w ater-w orks E.
H. tUtUian & Boos, B o s t o n . . . ........ ........................ . . . . . . . . . . . . . . 2 0 , 2 9 4
bonds to the am o u n t of $25,000.
S p iU tr <fe Co , T o l e d o ............. ................................................................ 2 0 ,2 6 0
N.
W, H a r r is & < o ., C h i c a g o . .. . .......... ............................................. -2 0 ,2 5 0
C heboygan, M ich.—(S ta te and C ity S u pplem en t , page Coffin
A- BM inton. N, Y . . . ............
......................2 0 ,2 2 5
99.)—B onds of this city to th e am o u n t of $33,700 have been H a rrD -in N a tio n a l B a n k . C a d i z . ,. . ................................................ ,2 0 ,2 0 1
F. A M. s w i n g s B a n k , M in n e a p o lis ....................................................2 0 ,1 0 1
voted to im prove the w ater-w orks.
The loan w as aw ard ed to F arson, Leach & Co., th eirs being
Chicopee, M ass,—(State and Cit y S u pplem en t , page 2 4)—
T his city will sell $53,000 of 10-year 4 per c e n t W iihm ansett the highest bid. In te re st w ill be payable sem i-an n u ally an d
$5,000 of th e am o u n t will m atu re May 1. 1897, $2,000 Novem­
bridge bonds,
C leveland, Ohio.—(S tate and Cit y S u pplem en t , page 78,) b e r 1 . )897, $2,000 M ar 1, 1899, $2,000 N ovem ber 1, 1899,
—There is a c u rre n t report to th e effect th a t a n ordinance $2,000 May 1, 1900, $3,000 N ovem ber 1, 1900, an d $4,000 May
providing fo r the issuance of $5O,0OO of stre e t extension bonds 1, 1901.
H olyoke, M ass.—(S tate and C ity S upplem en t , page 26.)—
ha* b"en pr- seated to the C ouncil, b u t C ity A u d ito r W. A.
Madison writ* * its th a t he has no know ledge to th e effect th a t B ridge (Kinds of H olyoke to th e am o u n t of $150,000 h av e been
authorized.
the bonds b a re been authorized .

832

THE CHRONICLE.

La Crosse, Wi s —S tate and City S upplement , page 104.—
In reference to the $25,000 of street improvement bonds which
we noted last week as being under consideration, Wm. T.
Symons, City Clerk, writes us that the resolution to this effect
was not adopted, and the subject has therefore been dropped,
for a time at least. He also states that probably nothing
further will be done regarding the matter this season.
Lakefleld, Minn.—Bids will be received until May 28 at
the office of John Crawford, Village Recorder, for the pur­
chase of $8,000 of 10-year bonds.
Lansing, Mich.—{S tate and City S upplement , page 100.)
—The people of Lansing will vote on May 15 on the proposi­
tion of issuing $75,000 of city hall bo ads.
Leominster, Hass.—(State and City S upplement , page
26.)—This town will borrow $21,000 for ^vater-works improve­
ment and $6,000 for sewers.
Lewiston. Me.—(S tate and City S upplement , page 12.)—
The city of Lewiston will refund its 4 ^ per cent bonds to the
amount of $80,000 which fall due July 1, 1894.
Long Island City, N. Y.—(State and City S upplem ent ,
page 49.)—Bids will be received until Mav 14 for the purchase
of $40,000 of 4i£ per cent revenue bonds maturing April 1,
1904, and $190,000 of 4J^ per cent general improvement bonds,
$100,000 of which amount matures April l. 1899, and $90,000
April 1, 1914.
Madison, Fla.—Water-works bonds of Madison to the
amount of $16,000 were awarded on May 1 to George Lewis
of Tallahassee, Fla., at 98. Interest at the rate of 6 per cent
will be payable annually on May 1, and the securities will
mature May 1, 1924, with an option of call after May 1, 1899.
Mahoning County, Ohio.—(State and City S upplement ,
page 82.)—This county will sell on May 21 5 per cent bonds
to the amount of $38,000. Seven thousand dollars of the
amount will become due September 1, 1896; $5,000 Sep­
tember 1, 1898; $9,000 September 1, 1899, and $17,000 Sep­
tember 1, 1900.
Marion, III.—J. W. Westbrook, Mayor, writes us that the
$10,000 of street bonds recently voted will bear 5 ner cent
interest and will mature at the rate of $1,000 yearly from date
of issue.
Massachusetts.—S tate and City S upplement , page 18.)—
It is reported that the State Treasurer received a bid of 108-13
on Thursday of this week for $500,000 of
per cent Metro­
politan Park bonds.
Melrose, Mass.—(State and City S upplement , page 28.)—
Itis reported that Melrose will soon ask for proposals on 4 per
cent 30-year sewer bonds to the amount of $75,000.
Murdock, Minn.—The village hall bonds of Murdock to
the amount of $2,000 were so li on M?.y 5 to Theodore Canfield for $2,040. Interest is payable at the rate of 7 per cent,
and the bonds become due in 15 years.
Newtown, Pa.—The Board of Education of Newtown will
issue on June 1 4 per cent bonds to the amount of $12,000.
The loan will run from one to twenty years and will be
exempt from taxation.
Northampton, Mass.—(State and City S upplement , page
29.)—Following is a list of the bids received on May 7 for the
$100,000 of 4 per cent 15-year water bonds dated May 1, 1894:

[Vol.

Lvm.

PainesYille, Ohio.—Street improvement bonds of Painesville to the amount of $21,00(5 were awarded on May 9 to
Seasongood & Mayer of Cincinnati for $21,387 75, this being
the highest of eight bids. The loan is dated April 1,1894, and
is payable at the rate of $1,000 s-uni-annually from April 1,
1896, to October 1, 1904, $2,000 April 1, 1905, and $1,000 Octo­
ber 1, 1905. Interest at the rate of 5 per cent will be payable
semi-annually on April 1 and October 1.
Passaic, N. J.—(S t a t e a n d C i t y S u p p l e m e n t , page 62.)—
At a recent meeting of the common council of Passaic the Fi­
nance Committee reported that they had solicited bids for the
$15,000 tax arrearage bonds ordered issued at the last meeting;
that only two bids were received, each from one of the Pas­
saic banks; that each bank bid par and accrued interest and
that in the judgment of the committee the bids should be
accepted and the bonds divided. The recommendation was
adopted. These bonds represent the unpaid taxes on property
bid in by the city at the recent tax sale. The tax claims are
held as collateral and the bonds are redeemable whenever the
taxes are paid. They draw interest at 5 per cent and the city
receives 10 per cent from the delinquent tax-payers.
Pepperell, Mass.—It is reported that 4 per cent notes to the
amount of $25,000 have been sold to J. W. Longstreet.
Puyallup, Wash.—This city has petitioned for authority
to issue bonds for water-works,
R eilW ing, Minn.—( S t a t e a n d C i t y S u p p l e m e n t , page 109.
—Seventeen bids were received for the 5 per cent bridge
bonds of Red Wing, to the amount of $70,000, recently offered
for sale, and the loan was awarded to N. W. Harris & Co., of
Chicago, for a premium of $1,623 14, theirs being the highest
bid. The two next highest bidders offered $1,201 premium and
$1,000 premium, respectively. Interest on the loan is payable
January and July, and the bonds mature at the rate of $5,000
yearly from July 1, 1902, to July 1, 1912, both inclusive.
Richmond County, N. Y.—(S t a t e a n d C i t y S u p p l e m e n t ,
page 53.)—The county’s road bonds to the amount of $90,000
offered for sale May 7 were awarded to L. W. Morrison of
New York at 102, the bonds to bear interest at the rate of 5
per cent. Six bids in all were received. Seventv-five thous­
and dollars of the amount are known as Series D bonds and
$15,000 as Series E bonds. Both loans are dated June 1, 1894,
and run 25 years, with interest payable semi-annually.
St. Clair Special School District, Franklin Co , Ohio.—
Bids will be received until May 18, at the East End Savings
Bank, Columbus, foi the purchase of $30,000 of school bonds.
The loan is dated April 1, 1894, bears interest at the rate of 5
per cent, and becomes due at the rate of $5,000 every five years
from April 1, 1898, to April 1, 1923.
St. James, Minn.—The citizens of St. James voted on May
1 in favor of issuing $30,000 of bonds for water-works and
electric lights. M. K. Armstrong, City Treasurer, writes us
that the loan will bear interest at the rate of 6 per c nt and
will run 20 years, bids to be called within 30 days. The city
has at present no bonded debt. Its population, according to
local figures, is about 2,000.
Syracuse, N. Y.—(S t a t e a n d C i t y S u p p l e m e n t , page 55.)—
A bill has been signed by the Governor, authorizing the city
of Syracuse to issue $120,000 of school bonds.
Tennessee.—(S t a t e a n d C i t y S u p p l e m e n t , page 160.)—
Prctnium,
F ra n k lin S a v in g s B a n k , B o sto n .....................................................................$ 4 ,7 5 0 State Comptroller Janies A. Harris has issued a call for all
E . B o IU d s M orse B r o s .,B o s to n .................................................................... 4 ,5 7 0 the outstanding 5 and 6 per cent bonds of the State of Ten­
B . L . D ay & Co., B o sto n ................................................................................ 4 ,4 1 0
B lo d g e tt, M erritt & Co., B o sto n ................................................................... 4 , 4 i 0 nessee, issued under the funding act of 1883, amounting to
W. J . H a y e s & Sons, B o s to n .......................................................................... 4 ,2 3 0
N . W. H a rris * Co., B o sto n .......................................................................... 4 ,1 8 1 $1,011,900. Interest upon these bonds will cease July 1, 1894,
L ee, H iggin son & Co., B o s t o n ...................................................................... 4,0 7 1 and the bonds, with accrued interest, w ill be redeemed upon
B re w ste r, Cobb & E stabrook, B o s t o n .. . ................................................ 4 .0 7 0
B la k e B ros. & Co.. B o sto n ............................................ ............................... 3 .6 5 0 presentation at the office of the Treasurer of the State of
F o o te & Frenoh, B o s t o n ................................................................................ 3 ,6 2 5 Tennessee at Nashville, or at the office of Latham, Alexander
D ie tz , D en iso n & Prior, B o sto n ................................................................... 3 ,5 6 2
H . H . Skinner, S p rin gtteld ............................................................................. 3 ,4 3 0 & Co., Nos. 16 and 18 Wall Street, New York City.
G erm an-A m erioan I n v e stm e n t Co., N e w Y o r k .................................... 3 ,3 7 0
For further particu lars respecting this bond call the reader
J a s. W. Longstreet, & Co., B o sto n .......... .................................................. 3 ,3 3 0
B o sto n F iv e-C en t S a v in g s B a n k , B o s t o n .............................................. 3,131 is referred to an advertisement elsewhere in this Department.
G ay & 8 ta n w o o d , B o sto n .............................................................................. 3 ,1 2 5
Youngstown, Ohio.—(S t a t e a n d C i t y S u p p l e m e n t , page
E . H . R o llin s & Son, B o sto n ............ .............................................................. 3,0 7 6
T hird N a tio n a l B a n k B o s t o n ............................... ......... ........................... 2 ,9 7 5 85.)—City Clerk J . Howard Edwards writes the CH RO N ICLE
C. H . W hite & Co., N ew Y o r k ....................................................................... 2 ,8 0 0
that
the Ohio Legislature has authorized Youngstown to issue
G eo. A. F eru ald & Co., B o sto n ..................................................................... 2 ,5 2 0
Interest is payable semi-annually on May 1 and November 1 $186,000 of water-works extension bonds.
at the Globe National Bank, Boston, Mass., both principal and
interest being payable in gold.
- T A T E AND C IT Y D E B T CHANGES.
North Dakota.—(S tate and City S upplement , page 118.)—
We subjoin reports as to municipal debts received since the
Bids will be received until June 8 by K. J. Nomland, State
Treasurer, for the purchase of $50,009 of refunding bonds. last publication of our S tate and City S upplement
The loan will bear interest at the rate of 4 per cent, payable Some of these reports are w holly new and others cover items
semi-annually, at the Chemical National Bank, New York, of information additional to those given in the S upplement
and will become due iu twenty years.
and of interest to investors.
Ohio.—(State and City Supplement , page 75.)—Proposals
Otter Tail County, Minn.—S tate and City S upplement ,
will be received until May 12 by the Commissioners of the
Sinking Fund for the purchase of certificates of indebtedness page 108.)—The statement of the financial condition of this
of the State of Ohio to the amount of $500,000. Interest will county, as given below, has been sent to us by Hans Nelson,
be payable at the rate of 3 per cent and the loan will mature County Treasurer. All bonds issued by this county are exempt
July 1, 1896, both principal and interest to be payable at the
from taxation.
American Exchange National Bank, New York.
County seat is Fergus Falls.
Oneida, N. Y.—Governor Flower has vetoed a bill to enable
LOANS—
When Due. S in k in g f u n d s ..................... $1 3,702
the village of Oneida to issue bonds for the purpose of refund­
R ailroad B onds—
e t d e b t M a y l , L 8 9 4 ... 21 7,962
ing its indebtedness. In his veto the Governor says : “ My 6s, J u ly , $ 2 0 0 ,0 0 0 ........J u ly 1 ,1 9 0 0 N
T a x v a lu a tio n , r e a l ......... 5,101 ,8 2 1
chief objection to this bill is that it exempts the bonds from
S u b je c t to c a ll a t a n y tim e .
T a x v a lu a tio n , p e rs o n a l. 1,253,426
J ail B onds—
T o ta l v a lu a tio n 1 893 ___ 6,35 5,247
State taxation. Moreover, I am unable to see why the refund­ 6s,M
& N , $ 3 0 ,0 0 0 ........ M ay 1 ,1 9 0 5 S ta te & co. t a x p e r $ 1 ,0 0 0
$13-30
ing which is authorized in section I cannot be done under the
I n te r e s t p a y a b le iu N ew Y ork.
P o p u la tio n in 1 8 9 0 w a s ....... 34,232
general municipal law .”
T o ta l d e b t M ay 1 , 1 8 9 4 .. $ 2 3 1 ,6 6 9 P o p u la tio n i n 1 8 8 0 w a s ....... 18,675

THE CHRONICLE.

JU T 13, 1894.1

Adams County, In d .—(State and City S upplement, page
87. >—The following statement concerning the finances of
Adams County has been corrected by means of a special re­
port received this week.
County seat is Decatur.
LOANS—
W h e n D m . T o ta l d e b t M a r 1 , 1 8 9 4 . . $ 8 5 ,7 1 0
B E o s i i r n o s B onds—
T a x v a lu a tio n , r e a l ..........2 ,5 0 7 ,4 9 0
5 s , M a y , $ 4 0 ,0 0 0 ..........M a y 2 .1 9 0 8 T a x v a lu a tio n , p e r s o n a l. 9 3 9 ,035
B e a d e d d e n t M a y X, 1 S 9 4 .$ 6 5 ,0 0 0 T o ta l v a lu a tio n 1 8 9 3 ___3 ,4 4 6 ,5 2 5
G r a v e l r o a d b o n d s d u e l.) . . 3 5 ,0 0 0 T o ta l t a x r a t e (p e r $ 1 ,0 0 0 )_ .$ .-2 0
F lo a tin g d e b t . ....................... 2 0 ,7 1 0
. - 9 0 w a s ___20,1 81
IN T E R E S T on th e r e d e m p tio n b o n d s is p a y a b le a t N ew Y ork.

Cape G irardeau, H o.—(S tate and C i t y S upplement , page
115.1—H , P . P eironnet, Mayor. W e have received th e statis­
tics given in the follow ing statement concerning th e city an d
school d istrict of Cape G irard eau , from G eorge E . Chapell,
C ity Clerk.

This city is in Cape Girardeau County.
LO AN S.—
When Dm . ; .Sinking f u n d .........................

$ 6 ,0 0 0
; N et d e b t A p ril 1 ,1 9 9 4 . .. 9 7 ,0 0 0
i T a x v a lu a tio n , r e a l........... 6 7 0 ,0 0 0
1T a x v a lu a tio n , p e r s o n a l.. 2 3 0 ,0 0 0
j T o ta l v a lu a tio n 189-1____ 9 0 0 ,0 0 0
A s se s sm e n t is
a c tu a l v alu e.
S ta te & co. t a x (p e r $ 1 ,0 0 0 ) $ 1 6 -50
C ity t a x ( p e r $ 1 ,0 0 0 ).............. 18-50
I P o p u la tio n in 1 8 9 0 w a s ........... 4,2 97
I P o p u la tio n in 1 8 8 0 w a s ......... 3 ,8 8 9
T o ta l d e b t A p ril 1 ,1 8 9 4 .$ 1 0 3 ,0 0 0 i P o p u la tio n 1 8 9 4 ( e s tim a te d ) .5 ,0 0 0

Fvsihxg :
5s. MAS, $55,000-----Mob. 1, 1910
Subject to call in '95, 1900 A 1905
Normal School :
8s, JA3 $49,000......... Jan. 1,1905
S u b je c t t o i-.iii.
Interest on funding 5* Is payable
In New York; on School District
bonds in Missouri.

C A P E G IR A R D E A U
5*. J * J . $ 1 4 ,0 0 0 ..........J u l y 1. 1 9 1 0
S u b je c t t o c a ll a f t e r J u l y 1, 1 8 9 5
T o ta l d e b t A p ril 1. 1894- $ 1 4 ,0 0 0

funding bonds were sold at prices ranging from 104'37 to 107-27.
The new bonds are not included in the report given below.
Kings County includes the city of Brooklyn and the towns
of New Utrecht, Flatbush, Flatlands and Gravesend. The
towns have recently become part of Brooklyn City.
When Due.
LOANS—
When Due.
LO A N S Co c n t y F a r m -

45, $ 1 5 0 ,0 0 0 ................................ 1 8 9 9
4 s.
1 7 5 ,0 0 0 .................................1903
4 s,
1 7 5 ,0 0 0 .................................1 9 0 4
4 s,
3 2 .0 0 0 .................................1905
4 s,
3 2 ,0 0 0 .................................1 9 0 6
4 s,
1 1 9 ,0 0 0 .................................1 9 0 7
4 s,
1 1 9 ,0 0 0 .................................1 908
4 s,
1 5 ,0 0 0 .................................1 9 0 9
4 s,
1 5 ,0 0 0 .................................1 9 1 0
4s,
1 1 9 ,0 0 0 .................................1911
4 s, 1 1 9 ,0 0 0 ............................... .1 9 1 2
is ,
1 1 9 .0 0 0 ................................ 1913
3*23, 1 0 0 .0 0 0 ................................ 1901
3% s, 3 2 5 ,0 0 0 ................................ 1902
3»es, 3 2 5 ,0 0 0 ................................ 1 9 0 3
3>a*, 3 2 5 .0 0 0 ................................ 1904
3%S, 3 2 5 ,0 0 0 ................................ 1905
3L-S, 1 0 0 ,0 0 0 .................................1906
3 L s , 1 0 0 ,0 0 0 ................................ 1914
3a, 2 0 0 ,0 0 0 .................................1900
H all o f R ecords—
4a, $ 1 9 ,0 0 0 ................................. 1894
48,
1 9 ,0 0 0 ................................. 1895
4s,
1 9 ,0 0 0 .................................1896
46,
1 9 .0 0 0 .................................1897
-Is,
1 9 ,0 0 0 ................................ 1898

LOANS—

K in g s C ounty, New Y o rk ,—(Sta te and C it y S upplem en t ,
page 43.)—H en ry H . A datos, C ounty T reasurer. The follow ­
ing statem en t has been corrected by m eans of a special report
to the C hronicle dated A pril 25, 1894, a n d re c e iv e d since th e
publication of o u r last S tate and Cit y S u pplem en t .
On A p ril 27th $420,000 of 4 per c e n t co u n ty farm and re ­

H all

R ecords—(Con.)

of

4 s,
$ 2 8 ,0 0 0 ................................1 8 9 9
4a,
o 4 ,0 0 0 ................................ 1900
4 s,
5 4 ,0 0 0 ................................1 9 0 1
R e f c x d ix s L oan—
4 s, $ 2 2 0 ,0 0 0 ................................1 8 9 4
4s,
2 1 9 ,0 0 0 ................................ 1895
4 s,
2 1 8 ,5 0 0 ................................ 1896
4 s,
1 3 2 .5 0 0 ................................1 8 9 7
4 s,
1 3 2 ,5 0 0 ................................1 8 9 8
4s,
1 2 1 ,0 0 0 .....................
1900
4 s,
1 2 1 ,0 0 0 ................................1901
4s,
1 1 9 ,0 0 0 ................................1902
4 s,
1 1 9 ,0 0 0 ................................1903
4 s,
8 7 ,0 0 0 ..........................1905
4 s,
8 7 ,0 0 0 ............................1 906
4s,
1 0 0 ,0 0 0 ................................1 9 0 7
4 s,
1 0 0 ,0 0 0 ................................1 908
4 s.
2 0 4 ,0 0 0 ............................... 1 9 0 9
4 s,
2 0 4 ,0 0 0 ............................... 1 9 1 0
3L-S, 1 2 1 ,5 0 0 ............................... 1 9 0 2
3 is s , 1 2 1 ,5 0 0 ............................... 1903
3% s, 1 3 0 ,0 0 0 ................................1 9 1 8
3 s.
1 8 0 ,0 0 0 ............................... 1 0 1 5
Sta te T ax L oan—
-Is,
$ 1 1 9 ,0 0 0 ......................... 1 9 0 4

C E R T IF IC A T E S O F IN D E B T E D N E S S .

S C H O O L D IS T R IC T .
; T a x v a lu a tio n 1694 .,,$ 1 ,0 0 0 ,0 0 0
j A sm seesm ent Is a b t. »a a c tu a l v alu e.
1 T a x rate p e r $ 1 ,0 0 0 .................$6-00

883

a r m o r y —(1 3 th

When Due.

R e g im e n t.)
$ 5 0 ,0 0 0 ...............
1894
6 0 ,0 0 0 ..................................1895
6 0 ,0 0 0 .................................1897
•is,
00,1 w o ................................1999
4s,
6 0 ,0 0 0 ................................. 1901
4a,
6 0 ,0 0 0 ......................
1903
4 s,
6<l, <HH).................................1905
4s,
6 0 ,0 0 0 ..................................1907
4s,
8 0 ,0 0 0 ................................. 1009
A r m o r r S i t e —( I 4 t b R e g im e n t.)
4s. $ 5 0 .0 0 0 .................
....1 8 9 8
3L.*, 5 0 ,0 0 0 .................................. 1 8 9 4
3Ws, 5 0 ,0 0 0 .................................. 1396
4s,
4 s.
4s,

N E W LOANS.

NEW

LOANS.

$ 7 0 ,0 0 0

NEW

LOANS.

LOANS-

WJken Due.

A r m o r y —(1 4 th R e g im e n t.)
4 s, $ 2 7 0 ,0 0 0 ............... 1894 to 1 9 0 2
($ 3 0 ,0 0 0 d u e y e a rly .)
A r m o r y —(3 2 d R e g im e n t.)
4 s,
$ 2 1 ,7 1 4 ................................J u l y 1 ,1 8 9 4
4 s.
1 5 ,7 1 6 ............... J u l y 1, 1895
B r id o e —{Me e k e r A v e n u e .)
4 s,
$ 5 0 ,0 0 0 .............. 1 8 9 4 to 1898
($ 1 0 ,0 0 0 d u e y e a rly .)
C h a r i t ie s a n d C o r . D k i t .—
3L js , $ i0 ,0 0 0 .................................1 S 94
Coort House and Hall o r
R eco rd s—
4s. $ 2 5 ,0 0 0 .................. J u l y 1 ,1 8 9 4

NEW

LOANS.

S 1 ,0 0 0 ,0 0 0
Town of Danville, Ken.,
C
I
T
Y
O
F
N EW YORK MUNICIPAL
Water Works Bonds
m FKK CENT UKOISTEREIj STOCK,
T o be dated Jtfty L 19H, tm , tttimn an d tw enty
year*.
By® pm amt, 0) payable ftetni-erin li­
ft My. jm m ws »*m8 Ju ly . bm4» mmI pmpmm p*yaW#
in Hew York n m lm bsd* toTlted for alf m m r o f
tbU !**»«, bid* to be e n te re d h ere *t m before tm
mmrdmt. May
Itmt fig h t r***r*ed to reject
sgpy o r el! bid*? tm bi4» to be
by eertl*
cbeck tm mm m rm nt m o f mtmmu of bond*
$m3 check

Mat tiring November l. 1S>13.

$500,000

CITY

OF

m a staking ffs®4 if required to liquidate
bond* in tw en ty
en d proVfdm thm bond*
shell o a t fe# mm ml MMk th an p er. This* to th e only
debt do the t o e r t o a 6 m morim a#« «m the
mm® wMmr plant• All particular* and fa ll |nfm
raatSon m to fiftaiictai an d mmtmrirn! affair* o f th e

FOB INVESTMENT.

BROOKLYN

PUBLIC MABKKT 4*,
M atartng Jan a a ry , I960 and 1W .
Pure® AND PABTICULAKS UPO.V API'LICATIOK

b id t m , w kh la h ts b m k g w ttt b e m a r r e d t o am aiicee**i n 1 b i d d e n * fto r Vftwstn*. U nder th e law aatbort*.

BONDS

P A R T IC U L A R S

U PO N

A P P L C A T IO N .

Parson, Leach & Co.,
‘J W I L L NT.

to w s m m tm appitastta© , AO&mm.
I A M .m L, A M M S , Mayo
m W, N,
■“ IMM

Rudolph Kleybolte & Co.,

JfBM BERa OF T H E NEW TO R E AND BOSTON
STOCK LX CHANGES.
DEALERS IN COMMERCIAL P A P E R

TO T H E HOLDERS OF

I n ie « ( m « n t B a n k e r * ,
T E N N E S S E E 5% A N D 0% B O N D S .
tit th e WtmMitg A rt o f IflSKt* C lla tte r 64, Acta off
I BBtK th e i t a t e off Twitti **#*■* r&mrrms. th e .rt*»E to 3 0 W r . t T h i r d S t r e e t .
C i n c i n n a t i , O h io ,
redeem
etouMUre. a fte r a r e y e a n from drily t, IW3,
any or ail
funded Bader m.14 act. arid yrm are
feet# try noticed sh a t immm A. Hmrei*, Com ptroller
of th e S tate off Tetiiiee***, h r e tr ia a o f th e a a th o n ty
reeted In him fey Smetim* ft, Chacfter In off Act* SWm Choice Investment Bonds of Cities,
and SectJteft iS, C hapter S i, Act* off Wss, ha* called
tor redem ptloft aH th e OeiataaBdlB# ft p, t. and 4 p.
Counties and School Districts.
feoftd* off th e S ta te off T mnnammi, toatted an d cr th
Faedfibir A ct o f
am an tin g i<» One MiiHost
MUsrmti T b o e to iJ f f le e H is«dr#4 Cfl.hll.toMi Tk>Har*.
tttlmmt o s all th ese bond# will « mm >d aly I, l-gSML
fefdftg *ytty day* from th e d ate o f call m ade by
LISTS MAILED 0PO N APPLICATION.
Com ptroller.

Blake Brothers & Co.,
STA TE
5

N A SSA U

STREET.
S T ..

BO STO N .

N EW

YORK.

THE ABOTE CALL ITCL01t|^4 ALI. TFIB tifTT -

STAXDIAO MSTATE BEBT PROPER" BONDS.
T hese bows&B, wtiii aecraed lo tereat, will be radeem ed ep o a preaant*gi«rii a t itoeffi** f theTr*a*s r e r o f th e m a le o f Ttm neesee .at Xw&iiiM, or aft,
T ar office, 10 and 16 Weil s t r e e t v»w T o rt
JL A T IIA M . A I .E X A S f l E l i A C O .,
_
ftoeai Agm im S tate off Tease***#.
S i w TOUK, May ML Si£i,

Edward Morton & Co., W, J. Hayes & Sons,
53 Broadway, New York.
S p « c l» ltl« :
n V N IC D P A L ,

C ity of Brooklyn, 4s,

S treet Railway Bonds and o th e r high grade in-

S T B K E T R A IL W A Y BOND*

and

311-3X3 snpeHnr S L id

R A N K V TO C K *.

C ity of Yonke rs,

4s. j

Kirn.tHD Puic*Moboax.
BtiKAlU) JL MOROAN. _
D-BUatrr C. Mouuax

Rich. P. Morgan & Sons,

Street, Wykes & Co.,

RAILW AY EXPERTS.

-

NEW Y O R K

Wm. Fisher & Sons,
BANKERS AND BROKBKS.
-S3 R n a th

.

.

B a ltim o re . M 4.

7 E x c h a n g e »’ I“ c ' j 01|, on

10 Wa ll Street,
N e w Y o rk

Cable Addre»«. “ K EN N ETH .”

F a r l l e a l . a r e a p « n A p » U # a .tl# « .

41 W A LL ST R E ET ,

HANKERS,

Dealers in MUNICIPAL BONDS.

D W IG H T .

IL L IN O IS ,

V. S. A.

H a r i n g e x te n d e d e x p e r i e n c e I n t h e o o n e tr n e U o n
e n d o p e r a t io n o f r n llir n r * . w e o ffe r our » « rv lo e « in
i x i i x i - r .. v i , x v r EX PEH T9 to e x a m i n e a n d r e p o r t
u p o n t h e c h a r a c t e r a n d C o n d i t i o n o r t u x (S i x .
aTMUCTtON a n d B Q JIIP M ev T o f l U i L W A T B a n d a ls o
t h e i r S a r e X r r K.u i m n u C a p a c i t t . W e h a r e
e X A in m ed f o r r a p l t a j l a w a n d r e p o r t e d e e p a r a t e l j
u p o n n e a r l y a ll o f th e p r in c ip a l r a i l r o a d s w est of
C h te a a o b e tw e e n l .a n a d a a n d M e rio o

6% and 7% Gold Morto-ao-es,
In te re st Allowed from D ate of Iteceipt of Money

E. S. DREYER &
l o r t i r a f e B a u k e ra ,

-

CO.,

C H IC A G O * I L L

80 Y e a r s B u sm K sa W it h o u t L o ss

to i .we s t o b s .

Addres* all communication* to E astern Oibce
A s t o r B u ild in g , 9 P i n e S t r e e t , N e w Y o r k ,

834

THE CHRONICLE.

R E C A P IT U L A T IO N .
R e f u n d in g lo a n .........................................................................
$ 2 ,7 3 7 ,5 0 0
C o u n ty F a rm l o a n ..................................................................................... 2 ,9 8 9 ,0 0 0
H a ll of R e c o rd s lo a n .................................................................................
2 3 1 ,0 0 0
S ta te t a x r e g is te r e d l o a n ........................................................................
1 1 9 ,0 0 0
S u p p lie s , D e p a r tm e n t C h a r itie s a n d C o rre c tio n ........................
5 0 ,0 0 0
M e e k e r A v e n u e B rid g e (n e w )...............................................................
5 0 ,0 0 0
1 3 th R e g im e n t A rm o ry s i t e ...................................................................
5 0 ,0 0 0
1 3 th R e g im e n t A rm o r y ............................................................................
5 0 0 ,0 0 0
1 4 th R e g im e n t A rm o ry s i t e ...................................................................
1 5 0 ,0 0 0
1 4 th R e g im e n t A rm o r y ...........................................................................
2 7 0 ,0 0 0
E n l a r g e m e n t 3 2 d R e g im e n t A rm o r y ................................................
3 1 ,4 3 0
F i t t i n g a n d fu r n is h in g 3 2 d R e g im e n t A r m o r y .............................
6 ,0 0 0
R e p a ir s C o u rt H o u s e a n d H a ll o f R e c o r d s ....................................
2 5 ,0 0 0
T o t a l ..........................................................................................................$ 7 ,2 0 8 ,9 3 0
I n a d d itio n t o th e a b o v e th e r e w e re o u ts ta n d in g o n A p ril 2 5 , 1 8 9 4 j
c e r tific a te s o f in d e b te d n e s s to th e a m o u n t o f $ 1 ,1 5 0 ,0 0 0 is s u e d in
a n tic ip a t io n o f t a x e s f o r t h e y e a r s 1 8 9 1 ,1 8 9 2 a n d 1 8 9 3 . T h e s e o e r ti.
flc a te s a r e to b e re d e e m e d fr o m ta x e s a lr e a d y le v ie d .
IN T E R E S T —W H E R E P A Y A B L E .—C o u p o n s a r e p a id b y t h e M e rc h ­
a n t s ’ N a tio n a l B a n k o f B ro o k ly n ; r e g is te r e d I n te r e s t a t th e office of
t h e C o u n ty T r e a s u r e r , B ro o k ly n .
TOTAL DEBT. E t c .—T h e s u b jo in e d s t a t e m e n t sh o w s t h e t o t a l d e b t
of K in g s C o u n ty i n e a c h o f t h e y e a r s n a m e d .
A p r . 2 5 , ’9 4 .
A u g . 1, ’92. A u g . 1,’ 91
T o ta l fu n d e d d e b t.............$ 6 ,0 7 6 ,5 0 0
$ 5 ,2 4 0 ,5 0 0
$ 5 ,3 4 2 ,0 0 0
C e rtific a te s o f I n d e b te d n e s s ...
1 ,1 3 2 ,4 3 0
5 7 6 ,1 4 4
6 3 2 ,9 0 2
T o ta l d e b t..................... $ 7 ,2 0 8 ,9 3 0
$ 5 ,8 1 6 ,6 4 4
$ 5 ,9 7 4 ,9 0 2
L I M IT A T IO N .—See C h r o n ic l e , V . 5 5 , p . 9 4 8 .
A S S E S S E D V A L U A T IO N .—T h e a s s e s s e d v a lu a tio n o f r e a l e s ta te
f o r 1893 w a s $ 5 1 3 ,5 0 3 ,8 2 6 ; p e r s o n a l p r o p e r ty , $ 1 9 ,7 0 4 ,9 2 0 ; t o t a l
$ 5 3 3 ,2 0 8 ,7 4 6 . T h e t o t a l t a x r a t e (p e r $ 1 ,0 0 0 ) w a s $2 7 -7 4 .
P O P U L A T I O N in 1 8 9 0 w a s 8 3 8 ,5 4 7 ; in 1 8 8 0 i t w a s 5 9 9 ,4 9 5 .

DEBT

Hartford, Conn.—(State and City S upplement , page 38.)—
William Waldo Hyde, Mayor—The following: statement has
been corrected by means of an official report received from
C. C. Strong, City and Town Treasurer, since our recent Sup­
plement was printed.
The town and city of Hartford, in the county of the same
name, although identical in area, have separate governments
and separate debts. The debts of both are given below.

D e s i r i n g c h o ic e s h o r t - t i m e c it y a n d fir s t
m o r tg a n e R a i l r o a d B o n d s , n e t t in g fro m
0 p e r c e n t to 7 p e r c e n t, to t a k e t h e p la c e
o f c o m m e r c ia l p a p e r , a r e in v i t e d to w r i t e
o r t e le g r a p h fo r l i s t s a n d p r ic e s .

of

H a r tfo r d D eb t :

C a p ito l............................. 1 8 7 2
F u n d in g b o n d s ........... 1 8 9 3
W a te r............................... 1 8 7 4
do ..............................1 8 9 2
do ..............................1 8 8 1
do .............................. 1893
do ( R e s e r v o ir ) ... 1893

T ow n

of

H artford D e b t :

-

NEW

DEARBO RN STREET,
C h ic a g o , I l l s .

Loeb

&

Gatzert,

MORTGAGE BANKERS,

C O R R E S P O N D E N C E S O L IC IT E D .

u n til lo a n s h a v e p ro v e n g o o d .

S A N A N T O N IO , T E X A S .

Wilson, Colston & Co.,
Members of Baltimore Stock Exchange,
BA NK ER S,
2 1 6 E a s t B a lt im o r e S t r e e t , B a lt im o r e .
I n v e s t m e n t a n d M is c e lla n e o u s S e c u r i t ie s a s p e c ­
i a l t y , a n d w h o le i s s u e s h a n d le d .
E x c e p t i o n a l f a c i l i t i e s f o r d e a li n g s in a ll c la s s e s o f
S o u t h e r n B o n d s . L o a n s o n C o l la t e r a l S e c u r i t ie s
n e g o tia te d .

Geo. M. Huston & Co.
B O N D A ND S T O C K D E A L E R S
W e b u y a n d s e ll o u t r i g h t a il W e s t e r n
M u n ic ip a l B o n d s a n d S to c k s .
We
c h e e r f u lly f u rn is h f u ll a n d re lia b le in ­
fo rm a tio n c o n c e rn in g a n y W e s te rn s e ­
c u r i t y w i t h o u t c h a r g e . M o n th l y q u o ­
t a t i o n c i r c u l a r m a ile d t o a ll a p p li c a n ts .
N e w i s s u e s o f m u n ic i p a l b o n d s w a n t e d .

8 0 5 P IN E S T R E E T , S T . L O U IS , M O

SEARS & W H IT E ,
S u c c e s s o r s to
E U G E N E R . COLE,

S T A T IO N E R S A N D P R IN T E R S .
S u p p ly B a n k s , B a n k e r s , 8 to o k B r o k e r s a n d C o r­
p o r a t i o n s w i t h c o m p l e te o u t f i t s o f A c c o u n t B o o k s
a n d S ta ti o n e r y .
tW ~ N e w c o n c e r n s o r g a n iz in g w ill h a v e t h e i
o r d e r s p r o m p t ly e x e c u t e d .

No. 1 WILLIAM STREET.

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

Title Guarantee & Trust
Company

F irst M ortgages for sale in large and sm all am ounts
n e ttin g investors 5,
and 6 ber cent, secured by
Improved and income-bearing Chicago city property.
P r in c ip a l a n d I n t e r e s t p a y a b le in G o ld .

W il l ia m W il s o n a s o n s , E stab lish ed 1802.
W il s o n Co l st o n A Co.,
"
1807.

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

Jamieson & Co.,

IN

FRANCIS SMITH & CO.,

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

P O P U L A T I O N .—I n 1 8 9 0 th e p o p u la tio n o f H a r tf o r d w a s 5 3 ,2 3 0 ;
in 1880 i t w a s 4 2 ,5 5 3 ; i n 1 8 7 0 i t w a s 3 7 ,7 4 3 .

1 2 5 L A S A L L E S T R E E T , C H IC A G O ,

7 P e r C e n t a n d 8 P e r C e n t N e t.
NO C O M M IS S IO N S c h a r g e d b o r r o w e r o r l e n d e r

1897
1918
1899
1900
1906
1918
1918

N e t to w n d e b t o n O o to b e r 1
..............
$ 9 5 0 ,0 7 9
$ 9 9 8 ,3 6 9
T h e c ity ’s a s s e ts a s g iv e n a b o v e f o r 1 8 9 4 in c lu d e s in k in g fu n d
p ro p e r $ 2 7 3 ,2 7 4 ; o th e r a s s e ts , $ 8 6 ,2 8 8 .
* T h e w a te r d e p a r tm e n t is s e f f-s u s ta ln ln g , r a is in g f r o m w a t e r r e n ts
fro m $ 2 5 ,0 0 0 to $ 4 0 ,0 0 0 e a c h y e a r a b o v e i n t e r e s t o n i t s b o n d s a n d a ll
e x p e n s e s, e x c e p t w h e n n e w r e s e r v o ir s a r e u n d e r c o n s tr u c tio n .
ASSESSED V A L U A T IO N .—T h e o ity ’s a s s e s s e d v a lu a tio n a n d t a x
r a t e h a v e b e e n a s f o llo w s :
Total.
T a x R a te.
Y ears.
B e a l E state.
P e rso n a l P ro p e rty .
$ 5 0 ,7 1 0 ,3 1 2
............
$ 1 5 ,4 5 3 ,4 6 5
1 8 9 3 ..............$ 3 5 ,2 5 6 ,8 4 7
4 8 ,8 8 1 ,0 8 0
$10-75
1 8 9 2 .......................................
4
7
,2
2
5
,3
2
4
2 0-50
1 6 ,6 2 9 ,0 8 6
1 8 9 0 ............. 3 0 ,5 9 6 ,2 3 8
1 6 ,0 4 8 ,4 7 9
4 6 ,2 2 0 ,3 6 4
2050
1889 ............. 3 0 ,1 7 1 ,8 8 5
1 9 ,5 0 0 ,1 2 2
1888............. 2 7 ,8 4 7 ,3 4 9
4 7 ,3 4 7 ,4 7 1
2 0 -5 0

MORTGAGE LOANS
TEXAS.

1,
1,
1,
1,
1,
1,
1,

CHICAGO.

1ST

YORK

Jan.
J u ly
A ug.
J u ly
J u ly
J u ly
J u ly

N e t c ity d e b t o n A p ril 1 . . . .$ 1 ,9 0 0 ,4 3 7
9 7 0 ,0 0 0
W a te r d e b t in o lu d e d a b o v e* ___
T e m p o ra ry lo a n s In c lu d e d ...............................
T o ta l to w n d e b t (a d d itio n a l). . .
A s s e ts ..................................................

STOCKS—BONDS,

BANKERS,

J
J
A
J
J
J
J

TOTAL DEBT, E t c .—T h e s u b jo in e d s t a t e m e n t sh o w s H a r tf o r d ’s
to ta l m u n ic ip a l d e b t, th e s in k in g f u n d h e ld b y th e o ity a g a i n s t th e
sam e , a n d th e w a te r d e b t, o n th e f ir s t o f A p ril, 1 8 9 4 ,1 8 9 3 a n d 1 8 9 2 ;
a lso th e to w n ’s d e b t a n d s in k in g fu n d o n O c to b e r 1 , 1 8 9 3 ,1 8 9 2 and
1891.
1892.
1894
1893
T o ta l d e b t (in c lu d in g w a t e r ) .. . $ 2 ,2 6 0 ,0 0 0
$ 2 ,0 6 0 ,8 4 4
$ 2 ,3 5 9 ,8 4 4
6 0 7 ,2 2 4
A sse ts (see b e lo w )...... ..................
3 5 9 ,5 6 3
3 3 6 ,4 5 3

Private wire to New York and Philadelphia.

Til B R O A D W A Y ,

A
&
A
A
A
A
A

J A J
J u ly 1, 1909
7 5 0 ,0 0 0
C o n so lid a te d * ........... 1 8 8 9 . 3
R e fu n d in g * ................1 8 8 0 . 4 ^ J A J
J u l y 1, 1 9 0 5 )
q o n non
S u b je c t to c a ll a f t e r J u l y 1 , 1 8 9 0 J
4 4 0 ,o o o
T ow n n o te s ..................... 4*2,5 A 6
___
On dem and.
3 5 ,5 8 1
* N o n -ta x a b le .
P A R V A LU E .—T h e o lty ’s b o n d s a r e a ll f o r $ 1 ,0 0 0 e a c h .
IN T E R E S T o n a ll o f th e c ity b o n d s is p a y a b le a t th e c ity tr e a s u r y ,
a n d in N ew Y o rk a t th e office o f M essrs. B la ir A Co.; o n th e to w n b o n d s
a t th e to w n tr e a s u r y .

viembers New York and Chicago Stock Exchanges.

C. H. W H IT E & CO.,

6
J
4
J
6
F
5
J
5
J
4 g. J
4
J

CHICAG O.

M IS C E L LA N E O U S .
B A N K S

Cit y

[VOL. LYII1.

BONDS

YIELDING AN INCOME OF

4% TO 6%

CITY, MASON, LEWIS & CO., Bankers
COUNTY
171 LA SALLE STREET,
SCHOOL SEN D F O R L IST S.
CHICAGO.

1850.

1894.

The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
O F F IC E R S .

OF

CHICAGO,

9 2 , 9 4 dk 9 6 W A S H I N G T O N S T R E E T .
C a p ita l, p a id -u p ...............................8 1 , 6 0 0 , 0 0 0
Undivided earn in g s, including
su rp lu s................................................
2 3 9 ,0 0 0
D eposited w ith S ta te A u d ito r. .
2 0 0 ,0 0 0

GUARANTEES TITLES TO BEAL ESTATE.
MAKES ABSTRACTS OF TITLE.
Offers In v estors in re a l esta te securities
protection afforded by no oth er system of
doing business.

Is authorized by law to act as Registrar of Stocks
and Bonds, Executor, Receiver and Trustee for
Estates, Syndicates, Individuals and Corporations.
Trust moneys and trust securities kept separate
from the assets of the Company.
C O R R E S P O N D E N C E S O L IC I T E D .

OFFICERS:
GWYNN GARNETT, President.
A . H . SELLERS, Vice-President.
ARCHIBALL A . STEWART, Secretary.
CHA8. R. LARRABEB. Treasurer.
FRANK F . SELLERS, Trust Officer.
BISECTORS:
Gwynn Garnett,
Cha*. W^Drsw,
W. D. Kerfoot,
John P. Wilson,
Horace G. Chase,
Edson Keith,
John G. 8hortall,
Geo. M. Bogue.
John DeKoven,
A . H . 8ellerf.
Samuel B. Chase,
COUNSEL:
W. 0. Goudy,
John P. Wilson.
A. W. Green,
A. M. Pence,

G E O R G E H . B U R F O R D , P r e s id e n t .
C. P . F R A L E I G H ..........................
S e c r e ta r y
A . W H E E L W R I G H T ..................... A s s i s t a n t S e c re ta ry
W M .T . S T A N D E N .................................................. A c t u a r y
A R T H U R C. P E R R Y .................................................. C a s h ie j
J O H N P . M U N N ....................................... M e d ic a l D ir e c to r
F I N A N C E C O M M IT T E E .

A. G. Becker,
Successor to

HE R MA N

SCHAFFNER

* CO,

C O M M E R C IA L PAPER,

G E O . G . W I L L I A M S .................P r e s . C h e m . N a t, B a n .
154 La Salle Street, - Chicago, 111.
J O H N J . T U C K E R ........................................................ B u ild e r
E . H . P E R K I N S , J r ., P r e s . I m p . & T r a d e r s ’ N a t . B ’k
T h e t w o m o s t p o p u la r p l a n s o f L I F E IN S U R A N C E
A . O . S L A U G H T E R , M e m b e r N . Y. S to c k E x c h a n g e
a r e t h e C O N T I N U A B L E T E R M P O L IC Y w h lo l
VVM. V. B A K E R , M e m b e r C h ic a g o S to c k E x c h a n g e
v e s t n t h e I n s u r e d t h e g r e a t e s t p o s s ib le a m o u n t ol
d e m n iiy in t h e e v e n t o f d e a th , a t t h e l o w e s t p o s s i­
b le p r e s e n t c a s h o u t la y ; a n d t h e G U A R A N T E E ! .
IN C O M E P O L IC Y w h ic h e m b r a c e s e v e r y v a lu a b lt
f e a t u r e o f i n v e s t m e n t I n s u r a n c e , a n d w h ic h in t m
e v e n t o f a d v e r s i ty o v e r t a k in g t h e I n s u r e d m a y b t
BANKERS,
used a s C O L L A T E R A L 8E C U R 1 T Y F O R A L O A N
t o t h e e x t e n t o f t h e f u ll le g a l r e s e r v e v a lu e t h e r e o l
1 1 1 -1 1 3 L A S A L L E S T R E E T , J
In a c c o r d a n c e w ith t h e t e r m s a n d c o n d itio n s o f t h e s e
p o lic ie s .
CHICAGO, ILLS.
G o o d A g e n t s d e s ir in g t o r e p r e s e n t t h e C o m p a n y
a r e i n v i t e d t o a d d r e s s t h e P r e s i d e n t a t H o m e O ffice.
’C hicago S e c u ritie s B o u gh t an d S old .

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A. O. Slaughter & Co.,